H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF.GOVERNORS OF THE FEDERAL;RESERVE SYSTEM (Released for Publication Friday morning, February II4.; not earlier) H,lul February l~$, lykl CONDITION OF THE FEDERAL RESERVE BANKS During the week ended February 12 member bank reserve balances decreased $101,000,000*. Reductions iri member bank reserves arose from'increases of $5^9,000,000 in Treasury deposits with .Federal Reserve Banks, $76,000,000 in nonmember deposits and other Federal Reserve accounts, $51*000,000 in money in'circu lation and $15,000,000 in Treasury cash, offset in part by increases of $588,GOO,,000 in Reserve Bank credit and $2,000,000 in gold stock. Excess reserves of member banks on February 12 were estimated to be approximately $7^0 000,000• 3 • Holdings of loans; discounts and advances Increased $115,000,000 and of United States Government, securities $391,000,000, The increase in holdings, of . United States Government securities reflects increases of $285*000,000 in bills- and $106,000,000 in certificates. Changes in member bank reserve balances and related items during the week, and the year ended February'12, I9U7* were as follows: Increase or decrease' since "* Feb. 12, Feb. 5, Feb. 13, 19U7 ' « 19^7 19U6, (In millions of dollars). U. S. Government securities- 23,803 . <f 391 + 550 Loans, discounts and advances 39k + 115. - 19 Other Reserve Bank credit hhi + 83 + 173 Total Reserve Bank credit 2U,638 - + 588' + 705 Gold stock 20,75.1 «K 2 + 594 Treasury currency U.558 - 1 + 134 Member bank- res-erve ba-lancQS . 15,994 - 101 + 301 Money in circulation 28,34.6 + 51 + 379 Treasury cash • ; 2,335 + 15 + 34 Treasury deposits with F« ,R, f Banks 1,711 + 5l9 + :&? Nonmember deposit^ -and'other •-F.R. accounts 1,561 . 4 76 •-- '128 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

PU.l(a) STATEMENT OF-CONDITION OF THE TWELVE FEDERAL RESERVE BAMiCS COMBINED (In thousands of dollars.) Increase or decrease since February 12, February 5* February 13, 19U7 . I9I16 A S S E T S; Gold certificates 17,779 ,175 - 3; + 590 ,610 Redemption fund for F. R. notes 79U., 126 - l, 735 - 232 Total gold certificate "reserves 13,573 ,301 - 1, 733 •+ 590,323 Other cash ' 332,362 - 26, 393: •n+, oi+o Discounts and advances 392. ,900 +112+, 251 '- 18 ,Ol49 Industrial loans 637 + h :- 1 ,112+ U.S. Govt, securities Bills 15,762+, 919 +281+, 732 i+2, -702+. 535 Certificates 6,929> 281; +I06, 0.00. ,. ;- ;9iU,U27 Notes 355,300 _. -1 ,o2+6,l+oo Bonds 753, ,,339900 -- 119933.. ,502 Total U. S. Government j^j~— secur 23,502, 009955 -090,732 '''' ::''..++ 555500.. ,206 Total loans and securities 21+, 196,1+96 ;+5oU,987 ! + '-531,02+3 Due from foreign banks 102 — - 3 F. R. notes of other-'banks - 127 =0 57 r Hi, 069 ,..- • . 10, -613 Uncollected items 2,399. 312 '+152, 616 ;+• • 2+2+6.,, 380 Bank premises 32,316 _. - 990 Other assets ul+. 957 * 1, 2+88 17, 82+9 TOTAL ASSETS 1+5,706, 103 £616,891 +1 ,523 =• 6U5 ,.L L A B I L I T I ES Federal -Reserve notes 2i+,l+05,222+ + 22,516 250,186 Deposits: Member bank - reserve -account •15,993,805 -101,087 + '300,703 U.S., Treasurer- general ^account 1,710,353 -+52+3,861+ + •82+6,813 Foreign 525,32+2 - 79,561 223,992 Other •2111,681 ™H5l+,2+03 - H.,631 Total deposits 18r,6lt .2," 181 +522', 622+ + '911; 893 Deferred availability it^ms 1,958,599 + 69,606 + .272,837 Other-' liabilities including accrued dividends < \ -\ M 11,332 + ' '.885 •- + 1,563 TOTAL LIABILITIES . , , 1+5,017,386 +615,. 631 +1 ,1+36,1+81+ C A P I T AL A C C O U N TS Capital paid in . 189,02+2 + A9k + 9,077 Surplus (Section 7'}* 'A39,823 .+ 81,1+63 Surplus (Section 13b) •• 'i 27,1+55 ' 27 Other,capital accounts : 52,197 + ' 1,066 5,2+11 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 2+5,706,1+03 +616,891 +1 ,523,61+5 Ratio of gold certificate re ;rve§ : to deposit and *\ R. note liabilities combined 2+3.1% .6% • 2% Contingent, liability on bills purchased for foreign correspondents^ - » 7,063 88 + .. 7,063 Commitments to make industrial loans 8,1.62 10 + * 6,581 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.Ul(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 12, I9I+7 (In thousands of dollars) Total Boston New York Phila, Cleve. Rich. Atlanta Chicago .St.Louis Minn. Kans.Cy. Dallas SanFran. A S S E TS Gold certificates 17,779,175 731,859 5,21+0,891 868,31+2 1208,629 1002,722 1005,286 3185,910 581,l+2o 556,261; 657,898- 1+62,555 21+99,1+19 Redemption fund for . .' • F. R. notes 79l+,i26 . 5l+,95l 121,1+10 59,955 76,851 59,172 1+5,605 ll+l+,657 1+6,201 21,257 55,817 2l+,807 105,507 Total gold certificate reserves ~ 18,575,501 786,790 5,562,501 928,275 1285,1+60 1061,89!+ 1050,889 5328,567 627,621 377,521 671,715 i+87,3U2 2601+,926 other cash '"; 352,562 50,511 65,551+ 15,697 29,578 21,113 51,027 1+6,752 16,1+95 6,918 ll+,3&+ 15,1+28 1+0,1+1+7 Discounts and advances 392,966 25,617 168,1+61 22,56? 1+5,919 27,008 6,85l+ 28,278 12,91+1 26,008 7,980 6,89! 18,61+2 Industrial loans 657 21+ — 615 — — —1 — — — — — ' U. S. Govt, securities; B i lls 15,761+,919 925,670 5,71+8,878 1080,51+0 ll+oi,95l+ 905,210 757,680 2888,271+ 705,956 1+12,1+12 690,71+7 51+0,626 1711,172 Certificates 6,929,281+ 1+66,786 1,777,175 510,895 615,622 1+26,925 558,915 888,102 572,692 202,272 550,557 509,905 671,61+2 Notes •"• 555,500 25,951+ 91,125 26,196 51,1+61+ 21,890 18,1+05 1+5,558 19,HO 10,572 16,959 15,890 3l+,l+59 Bonds 755,590 50,751 195,221+ 55,51+7 66,717 h'6,kn 59,025 96,560 1+0,521 21,992 35,918 35,695 75,025 Total U..S. Government securities" 25,802,895 11+67, ll+l 5,810,1+02 1672,976 2115,757 1598,1+1+0 H7l+,o2i 5918,1+71+ 1156,279 61+7,01+81075,961 900,116"21+90,278 Total loans and securities "• -2l+,196,1+96 11+90,782^ 5,978,865 1695,956 2157,676 11+25,1+1+8 1180,875 591+6,752 11I+9,220 675,056 1081,91+1 907,007 2508,920 Due from foreign banks , 2 6 l/55 -8 "9 : .1 5 1+ ll+ ' * 1+ 5 ^ h * 5 9 i0 F.R. notes of other banks 127,057 5,9Ql+ 15~,921 5,725 9,1+59 35,71+1+ 15,785 8,228 . 7,9^+1 3,951+ .! 6,059 , 3,51+7 12,812 Uncollected items 2,399,812 229,113 la6,687 125,515 191,519 252,971+ 2ol+,893 550,955 11+8,058 58,575 11+1,188 92,231 188,296 Bank premises 32,316 1,292 8,1+1+1 3,158 3,8l+l 2,679 1,522 5,050 2,007 1,257 2,515 792 1,782 ; Other assets M+,957 2,988 10,682 2,818 l+,l+57 2,796 2,558 5,96l 2,890 1,21+9 2,101 1,919 l+,576 TOTAL ASSETS 1+5,706,1+05 251+5,586 11,856,1+62 2775,150*5681,959 2802,655 21+87,555 7690,257 1951+.211+ 1122,515 1920,587 1508,319 5561,768 l/ After deducting $69,0P0 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 FEDERAL-RESERVE BANKS ON FEBRUARY 12, 191+7 (in thousands of dollars) 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. Federal Reserve notes 2l+,l+05>22l+-11+1+7,976 5,556,722 1665,71+3 2089,9k5 1725,766 ll+05,l+2l+ l+52l+,8o6 1095,255 588,628 912,61+7 585,220 2809,092 Deposits: - " ' • < - ." •Member bank-reserve acct. 15,995,805 699,576 l+,978,290 778,768 1170,565 692,91!+ 755,758 2335,71+5 611,5!+!+ 1+07,095 77l+,l+92 751,387 2057,875 U.S..Treasurer-general acct. 1,710,855 10l+,035 -1+26,51+1 128,579 ll+0,010 66,292 82 Mr 389,007 55,1+98 1+9,988 1+9,787 1+7,081+ 171,591 Foreign 525>8l+2r. 32,069 l_/l87,6li+ l+0,2i+8 1+6,210 2l+,3l+7 20,372 67,576 17,391 12,u22 17,391 16,397 1+3,805 0ther 1+11,681 1+2,851+ 187,691. 1,727 6,1+75 3,121 1+1,1+86 1,772 1.6,355 2,295 5l+,602 725 39,602 ; Total deposits 18,61+2,181' 878,531+ 5,780,156 91+9,522 1565,260 786,671+ 880,057 2797,100 730,566 1+71,798 876,272 815,591 2512,871 Deferred availability items 1,958,599 17l+,0l+8 502,531 103,1+69 l61+,071 257,181 172,513 275,012 102,1+93 -1+3,105 105,731+ 82,990 177,602 Other liabilities including accrued dividends 11.882 567 5,025 697 1,081 589 1+89 2 ,li29 1+70 ? "^669 l+olt ^90 1.012 TOTAL LIABILITIES 1+5,017,886 2501,125 11,61+2,261+ 2719,231 3618,557 2768,210 21+58,1+85 7597,3kl 1928,781+ 110l+'',200 1895,117 ll+8l+,191 5500,577 Capital paid in -• 189,Ol£ .11,152 66,001+ ll+,l08 18,552 7,925 7,237 22,683 6,251 l+,15l+ 6,29l+ 7,001+ 17,678 Surplus ('Section 7) 1+39,823 27,557 136,51+9 34,720 1+1,591+ 20,676 18,665 65,078 16,577 10,997 15,729 13,777 38,106 Surplus (Section 15b) 27,1+55 3,012 • 7,253 h,h&9 1,007 3,325 762 1,1+29 521 -1,075 1,137 1,507 2,11+0 Other capital accounts 52,197, - 2,5l+0 , l+,392 2,602 2,61+9 2,519 2,388 5,720 2,081 1,839 2,110 2,Ql+0 5,267 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+5,706,1+03 251+5,586 11,856,1+62 2775,150 3681,959 2802,655 21+87,533 7690,257 195l+,2ll+ 1122,515 1920,587 1508,319 5361,768 Contingent liability on bills purchased for foreign correspondents 7,063 1+52 2/2,260 572 657 3I+6 290 961 2l+7 177 2i+7 235 621 Commitments to- make industrial loans 8,162 1,115 1,596 75 — 580 l+,225 — 1+50 ll+8 177 F. R. notes outstanding 25,117,892 11+98,101+ 5,752,069 1706,903 2139,850 1771,997 11+1+5,731 1+615,700 1132,136 603,681+ 933,252 609,379 2929,057 Collateral for F. R. notes held by F. R. Agents: Gold certificates 10,865,000 1+55,000 3,1+70, ,000 525,000 61+5,000 660,000 590,000 1730,000 500,000 189,000 230,000 169,000 1350,000 Eligible paper 2l!+,711 15,150 126., 125 11,651 — 20,1+25 .-T- 8,510 22,700 5,550 7,000 U. S. Govt, securities 15,581+ ,657 1100,000 2,1+00, ,000 1200,000 1550,000 1160,000 900,000 2900,000 -91+9,637 1+25,000 706,000 500,000 1600,000 * MATURITY DISTRIBUTION OF LOAivS AND SECURITIES Within l6 to 31 ~t° 6l to 91 days to. 6, months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 392,966 339,062 20,1+25 19,369 il+,no' — Industrial loans 637 566 1+ . 1+ 11+ 9 8 52 U. S. Govt, securities 23,802,895 - 3,1+85,1+56 3,119.710 5,65l+,58l 1^,872,61+3 1,550,1+51 4,071,1+97 520,1+00 11+8,350 530,01+0 1/ After deducting $337,881,000 participations of other Federal Reserve Banks 2/ After deducting $h$803,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis