H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, December 6; not earlier). HJb.l December 5# I9U6 CONDITION OF THE FEDERAL'RESERVE BANKS During the week ended December k member bank reserve balances increased $91,000,000. Additions to member bank reserves arose from increases of $169,000,000 in'Reserve' Banlc credit, $8,000,000 in gold stock, and $2,000,000 in Treasury currency, .'and a decrease of $3^,000,000 in nonmember deposits and other Federal Reserve accounts, offset in/part by increases of $91,000,000 in money in circulation) $17,000^000 in,Treasury cash,, and $ll|,00Q.,000 in Treasury deposits with Federal Reserve Banks, Excess res'erves of member banks on Decembe rij. were estimated to bo., approximately $7-00,000,000 # Holdings af loans, ; discounts and advances decreased $37,000,000-while holdings of United-States Government securities increased $206,000,000, The in crease in holdings o^f United States Government securities reflects increases of $99,000,000'in bills', $U7,000,*000 In certificates, and*' $60,000',0*00 in notes,. Changes in member bank reserve- balances and related items during the week and the year ended-December U, I9U6, were as follows: Increase or decrease since Dec, h, Nov. 27, Dec, 5, I9U6 I9U6 19U5 (In millions of dollars) U # S # Government securities 23,888 -f 206 f 363 Loans, discounts and Advances 2ii7' - 37 - 100 Other Reserve Bank credit 14.51 + 1 + 9U Total Reserve Bank credit'' 2U,585 + 169 + 356 Gold stock 20,1*77 + 8 + UU8 Treasury currency It, 550 + 2 + 2U7 Member bank reserve balances 16,222 + 91 - 20 Money in circulation 28,906 + 91 + 627 Treasury cash 2,288 + 17 + U6 Treasury deposits, with F R, Banks 679.. + lit + 671 # Nonmember deposits and other F R accounts 1,517 - 3h - 2?U # t Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousand's of dollars) Increase or decrease since December 14, November 27, December 5> 19U6 I9l|6 ' 19U5 A S S E TS Gold certificates 17,521,1?U - 8,001* + 395,609 Redemption fund for F. *R notes 766,1*59 + 6,017 + 21,731 t Total gold certificate reserves 13,307,633 - 1,9'S7 • + 1*15,360 Other cash 256,552 - 15,61*0 .+ 29,11*2 Discounts and advances • 21*5,1+77 - 37,251 - 98,969 Industrial loans 1,076 + 15 - - 1,257 U, S Govt, securities} # Bills . lit, 861,120 * 98,828 *2,633,890 Certificates 7,378,012 + i*7,ooo - 873., 10i9 Notes -•• 895,100 + 60,000 -1,202,550 Bonds 755,390 - 200,702 Total U. S. Government securities 23,887,622 +205,828 + ' 362,189 Total loans and securities 2k, 13l|,175 +168,592 + 261,963 Due from foreign banks. 102 8 F v R v notes of other banks 113,317 - 15,839 8,086 Uiieollecteil; items' •2,1*05,1*63 + 61*, 339 + h 66,71+3 Bank premises 32,531+ 39 1,120 Other assets 52,61*0 • 1,389 11* ,1*86 TOTAL ASSETS 1*5,302,1*16 +198,037 +1,11*9,508 •L I A B I L I, T I E S : Federal Reserve notes 2l4,;,8l|2|-,017 + 61*, 263 + 1*11*, 182 Deposits j Member bank - reserve account 16,221,755 + 90,708 - 19.976 U.S.Treasurer - general account 679,1+90 + ll*,86!+ + 671,633 Foreign 611,775 - 28,959 - .286,091* Other 505,571 - 7,227 - 101,071 Total deposits 17,818,391 + 69,386 + 26!*, 1*92 Deferred availability items 1,955,01*3 + 63,7.93 + 373,151 Other liabilities including accrued dividends ll*, 008 - '95I+ 2,551 TOTAL LIABILITIES hh, 63l,U59 +196,1*88 +l,05U,376 C A P I T AL A C C O U N TS Capital paid in • 185,ol*8 + • 11,1+32 Surplus (Section 7) 358,355 + 130,202 Surplus (Section 13b) : 27,1*28 + . 263 Other capital accounts 100,126 - 1+4765 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ,1*5,302,1*16 •198,037. +1,11*9,508 Ratio of gold certificate reserves ; to deposit'and F R, note f liabilities combined .2% •1*2. <$> • Contingent liability on bills purchased for foreign correspondents ' 6,330 16 6,330 Commitments to malce industrial loans 8,1*1*8 180 5,1+75 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.lA.l(b). STATE.3ITT OF CO; DITIOK OF TITS RJ£,3RAL RESERVE BANKS OK DECEMBER I4, 1&6 (In thousands .of dollars) Total Boston Nev: York Phi 111. Cleve. Rich. Atlanta Chicago St.Louis Iviinn,. Kans.Cy. Dallas San Fran. A S S E TS oold certificates 17,521/17!; 757,l;3i 5,218,287 829,315 1130,630 1126,261* 9^6,179 3205,C82 586,891 .3^0,163 577,669 U69,oUi 22914,167 Redemption fund for ' ' F. R! notes 786,it59 '55,852 12Q,2QS 6O,506 77,070 60,151 /J6,589 132,177 1+6,599 21,^29 314,132 25,099 106,667 Total iTold certificate nerves 18,507,633 813,333 5,338,1;95 5-9,321 1207,700 1136,3;5 1032,768 3337,259 633,1,90 36i,5;7 611,801 \&l. ifco 21,00,85]; Cther cash 256,552 21,586 52,273 17,057 16,?22 22,52 19,710 50,1?^ 15,611 5,724 15,703 10,1*22 23,821 9 Oiscci^ts -ind advances 22*5,1.77 10,729 63,822 10,535 20,23s ii.,169 I3,9ui Ul,550 22,;oo 5,855 8,290 7,505 H;565 Industrial loar.s 1,076 1+7 — 1,029 U.S. Govt, securities: Bills 11;,06i,12o 803,292 5,632,971 1002,760 ll;27,295 793,977 705,851 2532,199 61/4,618 y01,6i;3 677,550 161,7^6 1802,175 Certificates 7,578,012 5^,77^ 1,856,256 531,066 626,9!^ Itu2,5i7 376,059 93 •,i:^7 u0li,l81; 223,799 366,168 366,655 701,233 i:otes 895,100 66,092 225,201 61;,535 76,060 53,686 15,622 113,729 19,035 27,151 1414,1423 Mi, 1:83 85,079 Bonds 753,390. 55,629 189,5^3 51,521 624,013 1,5,137 38,399 95,723 ill,272' 22,355 57,590 57,U,C 71,610 Tot^l U,S Ooverr-^nit # sesuritiUT 23,357,622 lhlhr/Sl 3,9-3,979 1653,566 21^,317 1537,367 1165,9H 3679,073 1109,109 6?5.U;6 1125,531 9lo,36L 266o,ll*7 Tostealc ulroiatnise s and 2ij,l5i;,l75 lu65>565 5,967,301 1673,150 22ii,,555 1351,536 1177,352 37^,023 1132,009 651,279 1133,821 917,869 267^712 ~ue froiri foreign banks i p 5 l/1-6 . . .T . • *• 8- '-; h 3 11 * 3* 2 3 -3 0 i*1.R.notes of other ba uncollected items :2ank pro mi yes Oth^r assets TOTAL ASSETS ^5,302,U6 21.96,296 li,370,oU9 27:0,03? 3677,785 2301,121 2392,630 7518,9^9 1910,870 1119,281; 1392,267 1523,727 535k, 1*01 l/ After deducting $56,000-participations of other Federal Kobervc Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.lj-l(c) STATEMENT OP CONDITION OF THE FEDERAL RES31VE BAMS'ON DECEMBER"!)., I9I+6 (In thousands of dollars) L I A B I L I T I ES Total Boston Kew York Phila. Cleve. Rich. Atlanta Chicago St.Loids Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,81+4,017 1490,183 5,655,565 1685,950 2118,170 1789,945 1449,139 1+553,205 1112,551 590,1+15 918,551 610,959 2861+,760 Deposits: Member bank-reserve acct. 16,221,755 725,759 5,015098 793,435 1192,263 731,779 730,620 2379*426 599,81+6 1+12,538 787,691 753,990 2099,155 U.S. Treasurer-general acct. 679,490 59,5H 177,626 56,06!+ 58,695 45.275 28,128 101,090 1+4,198 51,61+5 58,26!+ 51,510 1+9,690 Foreign oil, 775- 57,559 1/222,379 1+8,551 54,176 27,579 22,136 78,060 19,806 14,565 19,221+ 18,61+1 1+9,001 other 5Q5.,371 5,422 222,911 2,569 8,238 2,521 618 5,611 7,798 . 2,72l+ 2,873 1,811 ltl+,275 Total deposits 17,818,391 806,051 5,638,614 880,419 1313,375 304,952 781,502 2564,187 ""671,648 461,518 848,052 805,952 2242,121 Deferred availability items 1,955,043 156,l43 562,554 125,050 182,636 172,050 135,175 505,744 101,587 49,344 100,858 82,974 187,150 Other liabilities including accrued dividends li+,008 7O6 4,118 8p4 1,564 623 567 2,569 490 4l5 5_45 1+1+0 1 ,519 TOT A LIABILITIES '44,651,459. 21+55,083 11.660,429 2690,273 5615,545 2767,568 2564,451 7423,705 1336,276 1101,69a 1867,786 1500,525 5295,550 Capital paid in.. i 135,01+8 10,906 6!L,?I+6 15,904 18,278 7,«o6 7,050 22,300 6,o4o 4,008' 6,137 6,788 17,085 Surplus (section 7) ; 553,555 !22-,4?9 llo,86o 23,946 33,745 15,593 li+,450 53,029 12,939 8,869 11,391 10,670 23,924 Surplus (Section 13b) 27,423 5,012 7,205 4,501 1,00? 3.326 762 1,1+29 527 1,073 1,137 1,307 2,ll+2 other capital accounts • 100,126 6,856 .20,809 7,145 9,208 6,823 5,957 13,488 5,083 3,6.44 5,316 4,657 10,900 TOTAL LIABILITIES AND '" : ~ ~~~~~ CAPITAL r.cc0UKTS 45,302,.4l6 2496,296 11,370,049 2745,059 5677,703 2301,121 2392,630 7513,949 1910,370 1119,281. 1892,267 1523,727 5554,401 Contingent liability on bills purchased for foreign correspondents ' 6,330 405 '£/2,108 .-525 539 297 2i+l 8i:3 215 _ 153^ 209 203 552 Cojiiirdtrconts' to n.ake incustrial loans 8,443 — — r,369 1,596 59 — 532 4,265 — I+50 155 192 F. 3» notes outstanding 25,1+73,953 1517", m 5,786,957 1726,493 2163,317 1351,177 1435,290 4657,773 1149,399 601,769 933,709 639,2475000,726 Collateral for F. R. notes ' •held by f.' R. Agents: Gold certificates 10,929,000 430,000 3,470,000 550,000 635,000 700,000- 595,000 2040,000 3-00,000 180,000 230,000 109,000 loOO ,000 Eligible paper 53,723 _ 2,070 13,763 7,505 7,810 13,300 ,2,4.50 5,325 5,200 U. S. C-ovt'." securities 15,070,025 1100,000 2,4C0;000 1200,000 1550,000 1150,000 900,000 2600,000 91+5,025 425,000 700,000 500,000 1600,000 AA..TTUURRIIIIYY DDIISSTTRRIIBBTTJJ TTIIJJii;; OOFF LLPP ;\ T.JO fc-TF"n Cr^jTlT^I --TTIIEESS WWiitthhiinn ll66 ttoo 5511 ttoo 6611 ttoo 91 days to 66 mmoonntthhss 11 ttoo 22 22 ttoo 55 Total 1155 ddaayyss 3300 ddaayyss 6600 ddaa yyss 9900 ddaayyss 6 months ttoo 11 yyeeaarr yyeeaarrss 5 years 245,477 9988,,11++5533 ** 22iiii,,115588 55,,441100 111199##445511 Industrial loans 0,01*6 996699 33 7 hh 77 33hh U. S. Govt, securities 25,337,622 **..,, 993366,,002211 22 ,,666633,,333366 66,,222266,,337766 55,,220022,,336611 1,317,906 33,,LL&&22,,333322 332200,,11++0000 lliijj..33,,335500 5J0,OLLO „„'' l/After deducting $388,551; ,000 participations of other Federal Reserve Banks, 2/After deducting $1^,222,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis