H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF' GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, November 15; not earlier) K.U.I November lij., I9U6 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 13 member bank reserve balances increased $199,000,000* . Additions to member bank reserves arose from increases of ' $ii56,000,OpO in Reserve Bank credit and $15,000,000 in gold stock, offset in part by increases of $169,000,000 in Treasury deposits with Federal Reserve' Banks, $77*000,000 in nonmember deposits and other Federal Reserve accounts, $18,000,000 in Treasury cash, and $11,000,000 in money in circulation. Excess reserves of member banks on November 1$ were estimated to be approximately $020,000,000. Holdings of loans, discounts and" advances increased' $21,000,000 and of United States Government securities $169,000,000* -The increase in holdings of United States Government securities reflects increases of $108,000,000' in certificates and $3i|,000,000 in. notee '-nd a: decrease of $23,000,000 in bills. Changes in member bank reserve balances and related items during the week and the year ended November 13, I9I4.6, were as follows? Increase or decrease since Nov. 13, • Npv. 6, Nov. I4, 19)46' ' , 19U6 19U5 (In millions of dollars) U. S«. Government securities • 23,681; ,+169 + 236 •Loans, discounts and advances 398 + 21: - 200 Other Reserve Bank credit liS3 + 268 + 30 Total-Reserve Bank credit 21j.,565 + h58 + 67 Gold stock 2Q,k20 + 15 + 386 Tre as u r y currency U.5U3 — + 26u Member bank reserve balances 16,259 + 199 + 265 Money in circulation 28,761 + 11 + 583 Treasury cash 2, 2qli + 10 + 29 Treasury depositsiwith F«. R» Banks 577 + 169 - 3 Nonmember deposits'and other F^ R accounts l,6i;3 + 77 - 156 # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

^•U. 1(a) STATEMENT OF" CONDITION OF' THE .TiTELVE FEDERAL RESERVE BANKS COMBINED fin thousands of dollars) Increase or decrease since November l7j November 6, November lli, $ 19U6 I9U6 19ll5 A S S E T S Geld certificates 17, .li5li) ,a?6 - a 003 + 3l|2, ,361 Redemption fund for F. R. notes 779, ,718 + 57 + 15, ,782 Total gold certificate reserves 18, ,23a M - 3, • 9U6 + 361, -11+3 Other cash 267, ,070 - 2, ,359 + 35,011+ Discounts and advances 396, ,980 + 20, ,891 - 193,1168 Industrial loans 1, ,122 + 18 - 1, ,260 J. S. Govt. securitie -S { Bi lis .ia .902, ,69'u - 22, ,67U +1 ,7214, ,230 C-rtificates 7, ,202, ,512 +107, ,500 * 129, ,li;9 f\J"r )tes 825, ,100 + sa , 000- -1 ,135, ,050 Bc> nds 775533,, ••222211 —— 2222aa ,002 Tot a ,1 U. S. Governme rat s e c• urities 23, ..668833,, ,,669966 +168, ,826 ++ 223366,, ,029 i U L/Ct J loans aanndd sseeeell;; irities 2a ,081, ,798 +109, ,735 4- 36, ,301 Due from foreign banks 102 -. ..- - '8. F # R # notes of other banks- na , 310 + 5, ,355 + ..9, ,652 Uncollected items 2, .769, ,1+02 +701, ,901 + 1*6.1,, 853 Bank premises 32, ,618 —— - l, ,115 Other assets • 50, ,156 + 2, ,575 - 12, .057 TOTAL ASSETS 1*5,. 569, ,618 +892, ,761 •f 690,733 L I A B I L I T I ES Federal-Reserve notes 2U,702,295 + 12,609 + 367,033 Deposits* Member bank - reserve account ' •16,258.513 +198,1914 + 261+,075 U.S. Treasurer - general account 577,215 +169,162 2,317 Foreign 622,269 - UU,959 21+9,573 Other 1+22,021 +121,896 19,1£2 Total deposits - , 17,880,038 +U1I1,293 - 7,237 Deferred availability items 2,306,21+9 +^33,267 + • 1431,316 Other liabilities including accrued dividends 111, 617 + 1,038 + ' 2,671+ TOTAL LIABILITIES a+,903,199 +391,257 + ; 793,786 C A. P I T A L A C C O U N TS Capital paid in icl*,933 + 55 + 11,71+1 Surplus (Section 7) 353,355 + 130,202 Surplus. (Section IJb) " 27,^3 263 Other capital accounts 95,703 + 1,^49 145,209 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+5,569,613 +892,761 + • 890,783 Ratio of gold certificate reserves '"' • to deposit and F. R.'note liabilities combined i\2 n% - 5/° + * 5/° % # Contingent liability on bills purchased for foreign correspondents 6,0±9 + hho + 6,019 Commitments to make industrial-loans 8,558 - 23 + 5>221 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Il.v.l(b) STiiTEIv&WV OK COI'JDITIOr; OF THE FEDERAL RESCKVE BaNKS OK NOVEMBER 13, I9I6 (In thousands *of dollars) Total Boston IIev; York Phila. .Clove. Rich. -Atlanta Chicago St.Louis Minn. K^rs.Cy. Dallas SanFran. A S S E TS Odd certificates r , , ^ ,^ 7U7,723 5,235,510 851,292 1071,337 1100,0)46 .971,103 3217,3')9 557,3^7 359,155 5r7,3i5 hlU,9?o 2300,829 fct-.doir-ption fund for *\ *. ^ot.js 779,718 ;56,177 116,121, 6l,oo6 76,505 6o,393 . K6,93l 127,733 li6737 21,237 3l,2ii8 25,210 107,117 f -- ~ i.. ,., •ro)d certificate reserves 13,2311,luu 803,900 5,351,93k 912,298 lia7,8a2 1160,139 ioib,o3ii-33^3,01:2 6ou,(2!; 36o,39^ 621,563 500,130 2^07,ohh ^•thor cash 267,070 2o,66l 65,2^01 18,/J;6 ie,u62 19,777 17,759 31,55*; 15,801 5,596 16,170 3,961 28,1-52 T:^cour:hs and advances 596,980 29,032 132,263 28,150 70,297 17,671 15,961 51,015 10,/93" 3,^5 12,293 8,1429 17,233 Industrial loans 1,122 60 — 1,062 U.S. Govt, securities- 1.) J_ J. i. O Certificates liotes B one: s Total loans securi tie; 2^,081,798-lii89,087 6,00i.,U2 1660,758 2236,989-lU3,2oi: 1211,262 36211,091.1117,668 680,815.1113,?7l 919,U5 ^610,993 Luc fron, foreign bunks 102 . ... 5 l/ u6 7 8 I 3 H 3 :2 " 3 3 7 F.R.notes of other banks ll!,3i;3 k,k($ 15,993 5,276 5,9^1 23,832 9,331-' "l2,H6"' 8;1;97 U,010\ "6,U7 * 3,0i;li 15,^22 ; Uncollected items 2,789,lo2 2oi,065 5^3,536 165,380 266,122 257,5^3 103,853 137,U3 137,920 76,365 123,893 151,296 225,251 Bunk proves 32,616 1,306 6,^96 3,19^ 3,895 2,702 1,533 3,06u 2, ;I9 1,275 2,532 801 I,:;01 Other assets 50,136 3,227 11,632 3,268 U,958 2,996 2,762 6,633 3,298 l,i;37 2,1:69 2,1-27 5,029 TOTAL ASSETS Ii5,5^9,6l8 2523,720 ":12,oo*yh50 276P r 627 368h,217 2860,1,97 2-^>567 7509,621 + 1389,890 1129,922 1391,126^366,077 52^,901 l/ After deducting c56,000 participations of ether Federal Raserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 14.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 13, I9I46 (In thousands of dollar's) L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Fecisral Reserve notes 24,702,295-li75,;601 5,533,1*08 1666,962 2105,716 1788,09k 1449,894 4536,309 1099,988 586,101 914,482 609,1+18 2388,322 l Deposits: Member bank-reserve acct. 16,258,513 737,547 5,131,611 807,200 1177,861 742,568 7^1,619 2552,295 588,158 420,248 790,609 772,593 2016,226 UAS.Treasurer-general acct, 577,215 • 50,61+1 107,225 1+1,007 59,328 50,925 33,755 82,768 30,588 21+, 211+ 26,012 27,731+ 1+3,218 Foreign 622,289" 58,444 1/ 224,085 49,509 55,475 28,035 22,667 79,931 20,281 lit. 912 19,684 19,088 50,180 Other 1+22,021 5,754 347,263 1,923 6,235 2,781 1,135 5,321* 7,1*68 2,013 2,21+1+ 577 1*3,306 Total deposits 17,880,038 850,536 5,310,182 399,659 1298,397 S2!+,509 799,176 21+93,516 - 61+6,275 46l,.387 858,51*9 819,9922152,950 Deferred availability items 2,306,21+9 1-71*, 136 399,81*7 116,681* 218,1*21+ 2i!+,l25 166,915 582,921+ 118,676 61*,500- 115,297 112,987 193,731* Other liabilities including. accrued dividends .' ll+ 617 •698 1*,1*68 ' 383 1,366 67E 590 2,1+87 5I+2 1*52. 578 1*75 1,1*00 TOTAL LIABILITIES 44" ,905,199 21+80,521 11,797,905 271I+, 168 3622,1+05 2827,206 21+16,575 7420,056 1865,1*81 1112,1+1+0^866,206 151*2,872 5256,586 Cap! bal paid, in 181*,955 10,903 -61*, 707 13,925 13,279 7,785 7,039 22,279 6,027 4,006* 6,125 6,784 17,071* Surplus (Section .7) 358,355- 22,459 .116,860 28,946 33,71*5 15,593 il*,l*50 53,029 12,959 8,869 11,891 10,670 28,921* Surplus (Section 13b) 27,1+28 3,012 7,205 l*,50i 1,007 3,326 762 1,429 527 1,073 1,137 1,307 2,142 Other capital accounts 95,705 6,545 19,773 7,087 8,783 6,537 5,71*1 12,351 4,916 3,534 5,067 4,444 10,375 TOTAL LIABILITIES AND CAPITAL ACCOUNTS. 1+5,569,618 2523,720 12006,1+50 2768,627 3684,217 2360,1,97 2!+)+!+,567 7509,621+ 1889,890 1129,922 1891,126 1566,077 52911,901 Contingent liability on bills purchased for foreign correspondents 6,019 335 2/2,001* 50Q 560 283 229 806 205 150 199 193 505 Commitments to make industrial 1 cans 8,558 —- -1,569 1,731 39 — 382 4,o4o 450 155 192 F. R. notes outstanding 25,335,023 1505,730 5,730,361 1716,512 2152,08-1 1826,130 1439,087 4607,654 1133,169 595,496 937,106 636,759 2999,588 Collateral for F. R. notes held by F. R. Agents: Gold certificates 11,054,000 450,000 5,470,000 510,000 655,000 700,000' 595,000 2140,000 500,000 175,000 280,000 169,000 1650,000 Eligible paper ., 154,532 20,725 83,54o 17,377 11,770 — '6,380 400 8,010 — 6,330 U.S.Govt, securities lit,848j,315 1100,000 2,300,600 1200,000 1550,000 1150,000 900,000 2500,000 923,315 425,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within "16 to 51 to 61 to 9I days .to 6 -months 1 to 2 2 to 5 Over Total 15 dayB 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 396,980 3lt.l, 862 23,910 20,098 10,610 500'- ' Industrial loans 1,122 l,-oo6 1 58 4 7 7 U.S. Govt, securities 23,683,696 2^91,276 5,445,660 5,414,847 6,593,361 1,402,756 3,689,006 320,400 1^8,350 500,QUO l/ After deducting $397,365,000 participations of other Federal Reserve Banks, 2/ After deducting $h,015,000 participations of other Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis