H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF' GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, April 18; not earlier) H.U.1 April I?, I9kl CONDITION OF THE FEDERAL RESERVE BANKS During, the'week? "ended April 16 member bank reserve balances increased •$533 000,000, Additions to member bank reserves arose from decreases of $15^*000,000 in nonmeniber deposits and other Federal Reserve accounts, £li}.0,000,000 in Treasury deposits with Federal Reserve Banks, $87,000,,000 in money in circula tion and $1*, 000,000 in Treasury cash and an .increase of .$6.6,-00,000 in gold stock, offset in part by a decrease of $1^19,000,000 in Reserve Bank credit. Excels, reserves of member banks on April 16 were estimated to be approximately $830,000,000* ! ' Holdings* pf loans, discounts and advances decreased $176,000,000 and. of United States Government securities $371,000,000, The decrease in holdings of United States Government securities reflects decreases of &?/>-5* ,0r\ 00,000 in bills and $14.8,000,000 in certificates. Changes in member bank reserve balance's and related items during the week and the year-ended April 16,19U7> were as follows* Increase or decrease since April 16; April 9, April 17, 19^7 * 19^7 19i|6 (in millions of dollars) U. S, Government .sepurities * 21,905. - 371. - 198 Loans, discount's and .advances 102 - 176 - 226 Other Reserve Bank credit U67 +" 129 + liO Total Reserve Bank credit 22,li7l- _ U9 _ 383 Gold stock 20,583 + 36, + 332 Treasury currency )i £RR - l + hh Member bank reserve balances, 15,987 , +. -53 + 592 Money in circulation 23,163 - 87 + 215 Treasury cash 1,332 _ h - 927 Treasury deposits with F. R.' Banks 613 - 140 + 279 Uonmember deposits and othOr F. It. accounts 1,520 - i& - 166 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

II.k. 1(a) .STATEMENT' OF.CONDITION, OF THE TWBIA® FEDBKAL JtSSERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since April 16, April 9, April 17, 19U7 19U7 j9^6 A S S E TS Geld certificates .13,625,177 +127,003 +1,279,117 % Redemption fund for F, k.' notes '720,709 - 38,736 - 33,267 Total gold cer tlficato reservcs 19,3145, S86 •+86, ,267 +1 ,2145, ,850 Other cash 288, Ml + 5,, 189 - 3U, ,594 Discounts and advances 100, Mh: - 176,817 - 225,835 Industrial loans 1, 102. . + %U - 423 Acceptances purchased •- —- '- - 6, 963 •PT *• U. S. Govt, securities: Bills 15,040, eU7- -322, ,688 +1 ,631, • 563 Certificates 5,759, 718 - U8,, 000 - 567, ,978 Notes 351, 300 ---- -1 ,m, ,500 Bonds 753, 559900 — lluu99,, ,552 Total U, S. Government securities 21,905, -370, ,688 ~~ 119977,, ,467 Total loans and securities 22,.006,. 821 -&7, A;6l -. 430, , 688 ,. ..„ , , , ¥•„. • „..,. „ ,. .,'..• ,.»— Due from foreign banks 102 —. « • 8 F. k. notes of other banks 97, ,585 - 528 - 32, ,318 Uncollected items 2,938, a 60 +639,996 +. 584,306 Bank premises 32, 151 .- - 1, , 0O9 -• Other assets ill, 386 ••++ ll.. 77,, ,790 TOTAL ASSETS ia,75a 358 ++118866,, ,,999911 ++11 ,,332233,, • 71*9 LI A B I L I T I ES Federal' He serve notes 2it,085, 330 - 84,, 790 + "90,, 200 Deposits; Member bank - reserve account 15,987,368 '+ 53, ,6814. *4? 59)2,, 261 U.S.Treasurer - general account 613, ass -159, ,869 + 279, ,771 Foreign • 395, 796 -10l| : ,925 - 312, ,631 Other" • as3, eie - 49. ,009 + . 53,, 321 Total deposits H',hl9> • 991 -2^0, ,119- • + 612, ,722 Deferred availability itQms 2,471, .295 +510. ,989 + 536, ,,594 Other liabilities including accrued dividends 12,, 722 .- 120 + 600 ; TOTAL LIABILITIES liii-,oli9, eia + 185.i 960 + 1, 2U0, ,116 C A a I T A L A C C 0 U N T "S • Capital paid in ' 191, ,163 + 78 + 9,, 556 Surplus (Section 7) 439, ,823 -• — + 31, 1468 Surolus (Section 13b) 27, -~ + 27 -• Other capital accounts U3, C7X + 933. __L, 418 - • TOTAL LIABILITIES AND CAPITAL ACCOUNTS Uf,, 751,358 +136,991 +I 323>7h9 v Ratio of gold certificate reserves to deposit and F. k. note liabilities combined h6.*$> .jf> 2.2^ Contingent liability en bills purchased for foreign correspondents 3,01'5 77 + 3,015 > Commitments to make industrial loans r~(,lGk 1|6 •+ 5*62lj Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U-l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL I6,l9h7 (In thousands of dollars) A S S E TS Total Boston New York Phi la. Cleve^ Rich. Atlanta Chicago ! 5t.Louis Minn. !K ans.Cy. Dallas SanFran. C#ld certificates 18,625,177 721*, 1*22 5,535,306 823,586 119*1,307 9k9A9h •921,121* 1*001*, 631* 561,755 372,31*9 632,1*1*8 1*1*8,265 21*57,787 Redemption fund for F. R. notes 720,709 55,157 118,208 60,325 75,819 59,253 1*1*, 706 77,356 1*5,877 21,371* 33,51*9 21*, 537 10l*,5l*8 Total gold certificate i reserves 19,31*5,886 779,579 5,653,5H* 883,911 1270,126 1008,1*1*7 965,830 1*081,990 607,632 393,723 665,997 1*72,802 2562,335 Other cash 288,1*67 23,357 62,963 21,21*6 28,1*82 15,583 23,1+1*3 27,913 13,011 6,620 9,551* 12,51*1* 1*3,751 Discounts and advances 100,1+62; 17,850 36,128 13,191 6,011 5,21*8 l*,58l* 3,1*61* 1*,1*53 2,295 2,513 589 1*,138 Industrial loans 1,102 18 _-_ 1,081* . .. _»_ — — — _— — U. S Govt, securities: # 1 r Bills 15,01*0,31*7 960,936 3,609,665 1132,703 1519,051* 1011,987 825,1+23 1831*, 221* 769,616 1*37,059 731*. 877 592,297 1612,506 Certificates 5,759,718 396,038 1,1*77,052 1*10,1*00 516,1*23 351*, 559 295,651* 770,215 297,785 161*, 752 266,899 257,370 552,571 Notes 351,800 21*, 190 90,217 25,067 31,51*3 21,656 18,058 1*7,01*5 18,188 10,063 16,302 15,720 33,751 Bonds 753,390 51,803 193,203 53,682 67,550 1*6,377 38,672 100,71*7 38,951 21,550 31*,912 33,665 72,278 Total U»3 Government # securities 21,905,255 Hi32,967 5,370,137 1621,852 213^,570 Ht3l*,579 1177,807 2752,231 ll2l+,5l*o 633,1*21* 1052,990 899,052 2271,106 Total loans and 5,1*06,265 1636,127 211*0,581 11*39,827 1182,391 2755,695 1128,993 635,719 1055,503 899,61*1 2275,21*1* securities" 22,006,821 11+50,835 Due from foreign banks XQ2 5 1/33 8 9 5 1* 11* 1* 3 1* 3 9 F.R.notes of other banks 12,669 5,198 6,226 12,769 12,275 13,815 7,670 3,516 5,1*77 3,705 H,53i 97,585 2,731* Uncollected items 2,938,1*60 21*8,838 61*8,585 177,61*1 267,323 25i+,331 187,711 1*77,720 130,983 61,823 135,133 117,711 230,661 Bank premises 32,151 1,283 8,1*01* 3,131* 3,822 2,665 1,515 3,038 1,999 1,232 2,503 787 1,769 Other assets 1*1,886 2,871* 10,062 2,1+77 1*,220 2,1+1*5 2,1*63 5,678 2,575 1,188 1,782 1,896 l*,22i TOTAL ASSETS 1*!*,751,358 2509,506 11,802,1+95 2729,71*2 3720,789 2736,072 2375,637 7365,863 1892,867 1103,821* 1875,953 1509,089 5129,521 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 OP THE FEDERAL RESERVE BANKS ON APRIL 16, 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+,085,550 l!+!+7,08l+ 5,509,677 161+1,946 2065,1+57 1685,059 1579,812 1+1+77,315 1081,867 589,557 907,021+ 575,597 2729,135 Depositst Member bank-reserve acct. 15,987,568 728,750 l+,925.08l+ 788,589 1250,1+44 750,716 ?l+0,3i+7 228i+,622 610,085 401,1+50 781,202 756,552 2009,989 U.S.Treasurer-general acct. 615,1+88 59,851; '. 120*692 52,1+81 75,701 1+2,628 37,538 78,1+23 55,518 27,291 52,517 54,453 58,7l£ Foreign 595,796 2l+,828 1/152,607 31,554 55,976 18,955 15,860 52,610 15,559 9,671 13,539 12,766 34,111 Other 485,345 2,688 l+bi+,1+18 1,657 6,758 4,972 1,381+ 7*056 6,623 2,568 1,997 1,093 41,651 Total deposits 17,1*79,997 796,100 5,582,801 875,81+1 151+8,879 797,271 795,679 21+22,711 665,565 l+i+0,960 829,055 8o!+,6i+!+ 2121+ ,495 Deferred availability items 2,1+71,295 220,610 1+88,172 156,281+ 21+0,1+54 219,801+ 169,880 368,895 12i,075 54,1+1+2 115,555 105,922 212,222 Other liabilities including accrued dividends 12,722 770 5,748 781+ 1,256 619 549 1,938 515 575 501 . 527 1,092 TOTAL LIABILITIES 44,049,544 2i+5i+,56i+ 11,584,598 2672,055 5656,01+6 2700,753 231+5,920 7270*909 1867,020 1085.332 1850,115 1484.490 5066,942 Capital paid in 191,163 11,166 67,237 H+,205 18,669 8,061 7.291 22,777 6,29l+ 4,194 6,31+8 7,076 17,345 Surplus (Section 7) .1+39,825 27,557 156,549 54,720 1+1,594 20,676 18,663 65,078 16,577 10,997 15,729 13,777 58,106 Surplus (Section 15b) 27,455 3,012 ,.7,253 4,489 1,007 3,525 762 1,1+29 521 1,075 1,137 1,307 2,11+0 Other capital accounts 43*575 5,207 7,058 5,473 3,675 3,257 5,001 5,670 2,1+55 2,228 2,62l+ 2,1+39 4,488 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+1+,751,558 2509,506 11,802,495 2729,742 5720,789 2736,072 2375,657 7565,865 1892,867 1105,824 1875,955 1509,089 5129 ,521 Contingent liability on bills purchased for foreign correspondents 8,015 515 2/2,565 61+9 745 ' 595 329 1,090 281 200 281 261+ 705 Commitments to make industrial loans 7,10l+ — — 1,176 1,586 69 — 13 3,6!|0 — 1+50 — 170 F# R. notes outstanding 2^,773,072 11+81,5^3 5,690,71+7 1688,975 2118,075 1729,132 1^21,375 4553,315 Hlk 95h 602,672 931,521; 596,1+02 281^,358 9 Collateral for F. R, notes held by F. R, Agents: Gold certificates 12,138,000 1+55,000 3,1+70,000 500,000 645,000 625,000 590,000 3070,000 300,000 181+,000 280,000 169,000 1850,000 Eligible paper 66,1+92. 17,095 21,352 12,235 — 4,570 — — k,olfi 2,000 2,100 — 3,100 U» S--» Govt, securities 13,51+2,071+ 1100,000 2,400,000 1200,000 i500,ooo ii30,ooo 850,000 1500,000 937,071+ 1+25,000 700,000 500,000 1300,000 MATURITY DISTRIBUTION OF LOMS AND SECURITIES Within .16 to 31 to 61 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 100,1+61+ 70,057 3M55 2,911 2l+,0l+l Industrial loans 1,102 1,036 1+ 55 15 3 7 32 U. S. Govt, securities 21,905,255 3,309,01+6 2,390,917 5,01+8,599 55,,22!4+4!+,0,07711 1,1+58,1+59 3,^05,373 320,1+00 148,350 530 ,01+0 l/ After deducting $263,052,000 participations of other Federal Reserve Banks, 2/After deducting $5,1+50,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis