H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.'{ .. BOAKq GF^GOTERNORS OF THE FEDERAL RESERVE SYSTEM^ .(Released for Publication Friday.morning, February 7; not earlier) H«l|e 1 February 6-> 19^7 CpHjDITION OF THE FEDERAL RESERVE BANKS * " I -'••• wi j :'- i ""* ;:' During; tte-weelc ended!'February} 5 number bank reserve balances decreased, $29,0Q0,QD0 :; ftedub^ions in^:m^]^er%anfc Reserves, arose from decreases of # $i;6h,006>;DOd;^^ in gold stock'.and an i-ijc^ease, of $30,000,000-in: m^ney-.in ©i|rculation,, j>ff£et in part by decreases of $3TiiJ-QQQ/000 in Treasury deposits..with Fedferal Reserve Banks, $ll|8,000,000'in rionmember*dep'os'its and.other Federal; Reserve accbunt-s and $j?,000,000 in Treasury cash Excess # reserves "of m'einber/feaiik.s on.. JSebruiany <$•w&re .estimated to be approximately $730,000,000-. "•• ;"• '-i-.i "•• v;|-: ::.:;' . j . ;•. ; ••••'* ' ••-^ . . ; } i. ; Holdings bf loans , jdisoounts atad "advances decreased $39*000,000; ind of; '^United States Goyerhment securities $45^000*000* The decrease in holdings of ' • : ^United States'"Gdfernment securities ;ref]|ects decreases: of $357*000,000 in notes and $9h ,000-i-OOO .in bills, ;f};- '/' 'r ' \ •" •• , : .•• - > Changes in .member bank reserve balances &nd related items during] the week and the-'year, ended• {February !>/ I9k7*. wetfe .as follows: / ! ' .. Increase or jdecredse since? Feb.. 5, Je u'-29,. Feb. 6, 19^7 I9ii7 19^6 (In millions of dollars) U. S* Government securities! ] 23,lil2 - U51 185 Loans, discounts and advances I 279 - 39 12 Other Reservve^ B,ar^i credit' I -•' '. " 358 + ..• 2k 36 • • •'< .-T! :: !; "'.-;. --" I - m Total Reserve Banli credit ; I 2k,050 + £10 Gold, stock' I ; f 20.7U9 - 59 + i 592 1U6 Treasury currency! — i- "" ] It, 559 + Member bank reserve balances: • ; .:.. 16,095 29 •. 378 Money in circulation ; ; 28,295 + 30 + • 366 Treasury cash-"-' , : ;... ]••• .. \, i 2,320 5 , lit- Treasury dPp&sits.; with F« S.-Banks.. '.. [ 1,1-62 - 37U + ) ;1M Nonmember;deposits and other F^R.accounts 1,U85; - ' lh8" 257 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

K.U.I(a) "STATEMENT OP.CCUDITION OF THE TWELVE FEDERAL. RESERVE BAI^KS COMBINED ("In-thousands of dollars) Increase or decrease since: February 5, JJaannuuaarryy 22gg,, February 6, i9V7'"' 1199UU77 --,, lQi;6 A S S E TS : Gold certificates 17,779,178 -- 5500,,000000 + 590,615 Redemption fund for F,R. notes ". 795,861 .. -- 11,,885599 +. ,:l,u56 :: Total gold certificate reserves 16,575,039 - 51,659' •••+ 592>0l9 Other cash 553,755 - lit, 108 + 9,556 Discounts and advances 278,715 - 58,179 10,500 industrial loans 655 + , 70 — 1,129 II, S. Govt, securities: Bills I5,u80,187 - 9^,031 +2,5kh,7ko Certificates 6,823,281; - 356,728 -1,116,927 Notes • 555,500 -i,o!i9,iioo- Bonds 755,590 - 195,502 Total U.S. Gove rnine nt securities 23,1; 12,161 450,759 184,911 Total loans and securities 23,691,509 - ;ii88,868 + 173,U82 Due from foreign banks \ •; 102 «.«. _ 8 F.R. notes of other banks lUj-126 • . 26,li|2 - 10,916 Uncollected items -2,.21*7,196 - 157,959 + 517,151 Bank premises 32,316 - 27 - 969 Other assets • •h3,h(9 - . 9,Q9ii • •• - - 17,086 TOTAL ASSETS U"5,089,512 - 7148,05? +1 ,063,559 L I A B I L I T I ES Federal Reserve notes 2li/382,708 - . 6,552 + 255/238 Deposits j • Member bank - reserve account 16,091^892 - 28,628 + 378,1924 U.S.Treasurer - general account 1,161,989 « 575,529 + 14; 5,762 Foreign - 605J403 - 73.-5U2 . - 222,785 Other 257,273 - 8^,635 - 1140,860 Total deposits 13,119,557 - 560,55*4 + 1460,311 Deferred availability Items- 1/833,993 *. 182,3liU + 281,277 Other liabilities including accrued- . . dividends 10/997 - 353 + 7114 TOTAL LIABILITIES :; i^,Uo2,255 - 7ii9.565 + 975,5140 C A P I T AL A 6 C 0 U 1 TS Caoital paid in 113388,,8811**88 ++ ••226644 ++ • .9,063 Surplus (Section 7) U39,823 • + 61,1468- Surplus (Section 13b) 27,1455 — + 27 Other capital accounts 3.1-131 + 1,2U2 - 2,559 ; TOTAL LIABILITIES AID CAPITAL ACCOUNTS ter0895i2 .. - 7148,057 . HrJ ,"063,-539 r Ratio of gold certificate reserves to deposit and F. R. note liabilities combined •-". \ li3-7% + : .% + . .7$ Contingent liability* on.-bill-si purchased; ... r for foreign correspondents \ - •-. 6,975 + • 592 + 6,975 Commitments to make industrial loans 3,172 - ' 72 + •6,566 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. i*. 1(b) '«4 ••: | : , ,• ; ••; ' STATEMENT- OF CONDITIO! OF THE FEDERAL RESERVE BANK SON -FEBRUARY 5, I9I4.7 ;' (In thousands of dollars) i , < A S S E TS Total Boston : New York •.•• ;Phila.- Cleve. Rich., Atlanta Chicago St.Louis. Minn. Kans.Cy,. Dallas SanFran. Gold certificates 17,779,178 736,772 5,i+56,309 81+6,163 1218,873 986,0511007,14382967,761 595,561+ 357,093' ^8;?15 ; it6i>796 2U97,oi*3 Redemption fund for .' . <' :; \ F. R. notes' 795;86l. 55,012 ' 121,761+ 60,079 76,931 59,7811 i+5,-635 11411,821;;;' 146,235 21,273 -33^81+3 214,831 105,603 Total gold certificate ' " ' • reseTTeT 18,575,039 791,781+ 5,578,073 906,21,2 1295,8014 10145,832 1053,123 3112,585 61+1,799 378,366 682,158 1486,627 2602,61+6 other cash 358,755 30,758 &9,2o2 19,728 33,9cl+ 22,193 30,079 50,277 18,639 7,087 16,876 17,1+55 1+2,1+97 Discounts and advances 278,715 20,1+17 70,121 18,035 3h,30h 22,183 7,151+ 32,503. 9>u51 28,208. 13,331 6,591 16,567 Industrial loans 655 2I4 — 609 U. S. Govt, securities; Bills 15,1480,187 896,756 5,579,083 10714,1+55 1381,026 893,566 71+8,985 2373,175 69)4,855 1+27,1+55 701,200 51+2,393 1662,238 Certificates 6,823,281+ 1+59,3UU 1,751,1+33 502,859 603,1+21+ l+2o,22i 353,321+ 87l+,i+67 367,1+30 199,2.60 325,213 305,271 661,038 Notes • ••• 355,300 23,919 91,200. 26,185 31,1+21 21,882 13,393 1+5,535 19,133 10,376 16,93!+ 15,896 3l+,l+21 Bonds 753,390 -50,718 193,331+ 55,523 66,627 ! 1+6,398 - 39,.012 96,55k 1+0,569 22,001 35,908 33,707 72,989 Total U, S. Government . ' : ' • •. .' . securftieT 23,1+12,161 li+30,737 5,615,100 1659,022 208'2,i+9'8 '1337,067 1159,719 3889,731 1121,987 ^ 659;, 092 1079,255 897',267 21+30,686 Total loans and securities' 23,691,509.11+51,178 5,685,221 1677*7-6 21l6j802 -11+09,250 1166,873.3922,231+ 1131,1+38, 687,300 1092,586 903,658 2141+7,253,, Due from foreign banks 102 ' 6 l/33 -: 8 ; 9 ! 5 - 1+ \ Ik k 3 h 7 F. R. notes of other banks ll+l,126' ' l+,273 1^,938 1+^96' 9,83l+ ' l+2-,l+38 -13,02-7. d1,922 ; 7,283 l+,9'33 • 5*1&6 £ ^ 1X Uncollected items 2,21+7,196:175,627 '1+30,033 ll+0:,300 I9l+,32i; 188,360 155,115 368,810 iOi+,727 53,11+6 117,066 ai'rii oi^'^o Bank premises 32,316 1,292 8,1+1+1 3,158 3,81+1 2,6,9 1,522 3,050 '2,007 1,237 2,515. a^^ ° ? ' ~£ Other assets 1+3,1+69 2,873 10,073 2,712 1+,317 2,663 2,1+71 5,766 2,87l+ 1,207 2,029 ijt ,' ^"T -Ltyu-y t+,%>i TOTAL ASSETS 1+5,089,512 21+57,796 11,800,061+ 275k, 160 3659,592 271^1+25 21+22',211+ 7l+7l+,658 1908*,771' 1135,279.1918,680 '1501,1+89 531+5,581+ l/. After deducting $69,000.participations of other-^ Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l+.l(c) STATEMENT OF CONDITION OF THE FEDEI&L RESERVE BAMS ON FEBRUARY 5, 191+7 (In thousands of dollars) L I A B I L I T I ES Total ' Boston New York Phila, Cleve, Hich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas SanFran. Federal Re serve notes 2^,382^708 11+50,753 5,555,716.1660,595 2077,599 1732,516 11+10,1+60 ^510,207 1096,825 587,277 915,768 586,875 2800,521 Deposits: •• ' Member bank-reserve acct. l6,09l+,892 . 700^921+ 5,019,01+1 788,700 1199,9^2 695,71+1 752,727 '2550,56!+ 609,615 1+08,855 792,150 71+2,986 2073,629 U.S.Treasurer-general acct.,1,161,989 '56*51+9 29l+,3l+8 77,779 90,962 61,951 75,176 168,151 5l+*657 60,729 62,656 50,593 108 ,1+38 Foreign - 605,1+03 : 37,271+ '1/211,910 1+6,835 53,773 28,332 23,706 78,636 20,237 ll+,l+55 20,237 19,081 50,927 Other 257,273 2,597 177,199 2,31+8 10,822 3,091 1,61+2 5,275 7,661+ 5,17!+ 1,528 788 1+1,51+5 Total deposits 18,119,557 .. 797,11+1+ 5,702,1+98 '915,662 1555,519 789,115 855,2512582,626 692,173 i+87,211 876,571 813,1+1+8 2274,559 Deferred.'availability items ,1,888,993 l61+,863 325,296 ' 121,665 162,026 156,862 ll+9,072 286,732 93>9k9 !+0,5i+2 102,891 76,?2+3 208,552 Other liabilities including : accrued.^ividends 10,997 887. 2,663 6ll+ 977 5I+6 1+28 2,388 1+37 .• 379 1+20 360 398 TOTAL LIABILITIES 44,402,255 ^413,64? 11,586,173 '2698,334 3595,921 2679,039 2393,211 7381,953 1883,381; 1115,209 1893,^+50 11+77,1+21+ 5281+,510 Capital paid,in 188,81+8 "ll,137 65,964 14,092 18,510 7,919 7,231 22,670 6,^48 "l+,ll+8 6,290 6,971 17,668 Surplus (Section 7) * ; 439,823 27,557 136,549 34,720 hi,39k 20,676 18,663 65,078 16,577 10>997 15,729 15,777 58,106 Surplus (Section 13^} 27, 455' • 3.012 7,253 4,489 1,007 3,325 762 1,1x29 .521 l>075 1,157 1,507 2,11+0 ; Other capital accounts 31,131 : 2,1*1+3 4,125 2,525 2,560 2,1+66 2,347 3,528 2,Ola 1,852 2,071; 2,010 3,160 : TOTAL LIABILITIES MD y CAPITAL ACCOUNTS \ 45,089,512 ,21+57,796 11,800,061;-2754,160 3659,392 2713,425 21+22,214 71+74,658 1908,771 1155,279 1918,680 1501.1+39 5545,581+ Contingent liability on. .bills purchased fox* foreign correspondent s, ; 6,975- I1I+6 2/2,232. 565 61+9 342 286 949 2hh 171+ 2I4I+ 250 6ll+ Commitments to make industrial , ' * loans { , .• 8,172 . —- — " 1,117 1,596 75 — 381 l+,225 — 1+50 ll+8 180 F. R. notes outstanding 25,166,655 1505,828 5,734,617:1704,01+1 2139,067 1789,296 1448,352 4622,881 1134,271 6oi*,02l+ 955,501 611,1+58 2959,519 Collateral for F* H. notes held by F. d* Agents:, Gold certificates 10,888,000 455,000 3,470,000 525,000 61-5,000 660,000 -590,000 1755,000 300,000 189,000 280,000 169,000 1850,000 Eligible paper •106,049' 11,950- 27,785 7,369 — 15,600 — — 4,320 2l+,900 8,700 — 1,925 U» S. Govt, securities 15,377,661 1100,000 .2,400,000 1200,600 1550,000 1160,600 900,000 2900,000 942,661 I+25,000 700,000 500,000 1600,000 ,- '; MATURITY DISTRIBUTION 0F..L0AES AND SECURITIES V •• "" ' "" " ' ' • '"' • '"••" """ ' ' • ' "'»•••'"• • •"• .11 . !• '"'. ; .' Within 16 to 31 „to 6l„.to 91 days to 6 mo nths 1 to 2 2 to 5 Over Total 15 days 30 days 60 days , §0 clays - 6 months to 1 year years years 5 years v Discounts and advances 278,715: 157,lii+6 108,550 25,iih 9,575" •' - -— ' ' ' i :- Industrial loans 635 561 — 5 5 ll+ 9 7 52 U, S* Govt, securities 25,1+12,161 3,l+61+,l+l+3 2,958,153 5,655,033 -l+,769,8ii+ ••: l,55O,i0l 5,965 ,1+97 520,1+00 11+8,550 580,01+0 l/ After deducting $393,178*000 participations of other Federal Reserve Barks. "2*/After deducting $1+,743,000 participations of other Federal reserve Banks* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis