H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF TEE- FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, May 9; not earlier) H.U.1 May 0, I9U7 CONDITION OF THE FEDERAL RESERVE BAMS During .the week ;ended*,May 7 member ba$k reserve.balances increased $51,000,0004 Additions, to member bank reserves arose from a decrease of $106,000,000 in nonmember deposits and other Federal Reserve accounts and increases of $37,000,000 in gold stock and $25,000,000 in Reserve Bank credit, offset in part by increases of $79#000,000 in money in circulation, $35,000,000 in Treasury deposits wxth Federal 'Reserve Banks and $3,000,000 in Treasury cash*. 'Excess reserves of'member banks on May 7 were-estimated to be approximately $660,000,000* Holdings of loans, discounts arid advances decreased,§2^000,000 and of United States Government securities $5,000,000, the latter^re^Pi^cting a like decrease in bills. Changes in member bank reserve balances and related items during the week and the year ended May 7, I9I4.7, were as follows: Increase or decrease since May 7, April 30, May 8, 19U7 I9U7 19U6 (In millions of dollars)- U # Sy Government securities 21,652 -- 5 - 800 Loans, discounts and'advances 103 -^23 -' 105 Other- Reserve Bank credit 275 + 53 - 3 Total Reserve Bank credit 22,230 + 25 - 989 Gold stock 20,311 + 37 + 563 Treasury currency i^, 560 + 26 Member bank reserve balances 15,077 + 51 + 126 Money in circulation 28,197 * 79 + 239 Treasury cash 1,328 * 3 - 933 Treasury deposits with F» R # banks 651; * 35 + 3ko Monmembor deposits and other* F*R«accounts -106 - 168 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

lUul(a) . STATEMENT. OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since May 7, April 30, May 8, 19U7 19U7 . I9I16 A S S E TS Gold certificates 18,850,178 + 35,002 ' +l,50li,118 Redemption fund for F R. notes 719,288 - 2,01+6 - 29,727 # Total gold certificate reserves 19,569,1466 + 32,956 +I,li7l4,39l Other cash 255,520 -: 20,51+1 - I48,583 Discounts and advances 101,1+5U - 23,710 - 105,1463 Industrial loans 1,086 23 297 Acceptances purchased - 16,1497 U. S. Govt, securities: -Bills 15.095,391 - 5,162 +1,196,817 Certificates 5,651,218 - 58U,378 Notes -1,31*5,1+00 351,800 Bonds • - 1149,552 753,390 Total U, S. Government j ^ s e o u r es 21,851,799 - 5,162 - 880,513 Total loans and securities 21,9514,539 - 28,895 1,002,770 Due from foreign banks 102 8 F. :,R. notes of other banks 90,850 - 9, TOii 32,1483 Uncollected items 2,139,009 - 7^,1495 + 370,088 Bank premises .32,073 7 9U3 Other assets 1414,652 + 1,028 3,793 TOTAL ASSETS Ui,136,016 - 99,658 + 750,899 L I A B I L I T I ES Federal Reserve notes 214,070,851 + 148,589 + 106,622 Deposits: ' :' Member bank - reserve account 15,8-76,973 + 51,261 + 126,007 U.S. Treasurer - general account 653,897 + 35,037 + 339,997 Foreign 14514,366 - 98,160 291,838 Other 1463,155 - 9,601 + 147,081 Total deposits 17,1048,391 - 21,1+63 + 221,21+7 Deferred availability items 1,913*765 -127,721+ + 356,1+1+2+ Other liabilities including accrued dividends 12,762 + 83 - ' 126 TOTAL LIABILITIES 143,14145,769 -100,515 + 631+, 187 C A P I T AL A C C O U N TS Capital paid in 191,279 + 30 + 9,518 Surplus (Section 7) 1439,023 + 81,1+68 Surplus (Section IJb) 27,1455 + 27 Other capital accounts 31,690 + 827 21+,301 TOTAL LIABILITIES AND CAPITAL ACCOUNTS lik, 136,016 - 99,658 + 750,899 Ratio of gold certificate reserves to deposit and F R note # # liabilities combined 147.1?° 3.s Contingent liability on bills purchased for foreign correspondents 7,726 31U 7,726 Commitments to make industrial loans 7,161+ 115 5,250 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.1*.!('» STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MA.Y 7, I9J47 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Gold certificates 18,850,178 703,595 5,555,686 820,722 11110,009 972,662 937,715.. 1*236,317 565,270 596,551 623,112 1*36,169 21*61*,572 Redemption fund for F. R. notes 719,288 5*1,858 116,928 59,811; .75,1*18 56,963 1*1*,271 81,897 1*5,71*9 21,308 35,1*1*5* 2^,^37 lol*,22o Total gold certificate reserves I9,569,ii66 758,251 5,670,611; 880,556 1215,1^27 1029,625 981,9861*318,211* 611,019 U17,859 656,557 l*6o,606 2568,792 Other cash 255,520 20,701 5l;,871 18,0l;9 20,892 15,761; 22,867 25,1*23 11,627 6,503 7,997 10,929 39*897 Discounts and advances 101,1*51* 12,521* 26,806 10,858 11,588 11,81*1* 1,578 5,921; 5,618 1,620 10,178 886 l*,i*30 Industrial loans 1,086 15 1,071 U. S. Govt-, securities: Bills 15,095,591 995,656 5,828,597 1151,595 1552,716 975,071; 818,502 1686,970 767,709 1*21,873 7U5,858 587,001 l6oi*,W*2 Certificateis 5,651,218 588,1*29 1,1*50,629 1*02,21*5 506,01*0 3U7.709 239,951 756,153 292,392 161,67!* 261,663 252,612 51*1,71*1 Notes 551,800 21*,180 90,505 25,01*1 51,502 21,61*5 18,01*9 1*7,072 18,202 10,065 16,289 15,725 55,725 Bonds 195,590 55,626 67,1*62 1*6,555 58,652 100,807 58,980 21,551* 3l*,883 55,676 72,222 755,590 51,785 Total U.S, Government securities 21,851,799 ll*6o,0l*a .5,562,721 1612,305 2137,720. 1390,785 1161*, 931* 2591,002 1117,285. 615,166 1058,695 889,01!* 2252,130 Total loans and securities 21^951,539 11*72,387 5,589,527 1621*, 231^211*9,508 H*Q2,627 1166.,512,259^,926 1122,901 616,786 1068,871 889,900 2256,560 Due from foreign banks 102 6 1/55 8 9 .5 1* 11* l* 5 1* 5 9 F.R.notes of other banks 90,850 '2,7ll* IF, 158: 1*,1*79. U,616- 1-0,571 9;670- 11,519 7,075- 5,055 i*,588 5,509 15,518 Uncollected items 2,189,009 181*,785 1*56,992 131,31*8- 188,067 187,001; l5l*,765 .352,51*5 98,21*5 56,005 116,152 89,91+1 195,180 Bank premises ' 32,078 1,278 8,586 5,152 3,815 2,658 1,511 5,052 1,995 1,229 2,1*97 781* 1,765 Other assets 1*1*,652 5,Ol*7 10,296 2,815 l*,2oi . .2,761 2 585 6,155 2,761* 1,281* .2,088 1,951 1*,727 J TOTAL ASSETS 1*1*,156,016 21*115,11*9 11,786,857"266U,599 5586,555 2650,815 2339,700 73H,6o8 1855,650 1102,722 1858,751* 11*57,625 5078,21*6 l/ After deducting $69,006 participations of other Federal Res'erve 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 MY. 7, 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+,070,851 11+49,800 5,503,888 1637,915 2069,1+03 1668,939 1377,000 1+1+81+,968 1079,578: 589,509 909,376 57l+,576 2725,899 Deposits: Member bank-reserve acct. 15,876,973 712,178 14,961,595 777,511+ 1170,511+ 712,736 734,801 2303,315 601,538 395,01+6 769,912 736,1+53 2001,371 U.S.Treasurer-general acct. 653,897 1+1,91+3 183,71+3 39,236 56,187 !+l+,132 29,576 89,289 37,719 38,81+5 31»686 26,51+7 34,994 Foreign " l+5l+»366 27,399 1/163,897 34,588 39,712 20,921+ 17,508 58,071+ ll+,9l+5 10,675 ll+,9l+5 H+,091 37,608 Other 1+63,155 1*920 39-1,795 2,038 6,996 l+,600 i,9l+3 2,81+8 6,020 2,252 5,009 932 36,822 Total deposits 17,1+148,391 783,1+1+0 5,701,030 853,376 1273,1+09 782,392 783,828 21+55,526 660,222 1+1+6,798 821,552 778,023 2110,795 Deferred availability items 1,913,765 16Z+,826 362,972 116,1+68 178,1+31+ 164,188 11+9,177 278,502 89,820 1+7,906 101,952 80,371 179,11+9 Other liabilities including accrued dividends TOTAL LIABILITIES 143,1+1+5,769 5016,971 Capital paid in 191,279 17,851 Surplus (Section 7) 1+39,823 38,106 Surplus (Section 13b) 27,1+55 3*012 7,253 l+,i+89 3,325 2,11+0 Other capital accounts 31,690 2,563 !+,350 2,592 2,531 3,178 TOTAL LIABILITIES AND CAPITAL ACCOUNTS lilj.,136,016 21+1+3,11+9 11,786,857 266/4,599 3586,333 2650,815 2339,700 7311,608 1855,630 1102,722 1858,731+ ll+57,623 5078,246 Contingent liability on bills purchase ;d for foreign correspondents 7,726 h9h 2/2,1+73 626 718 379 317 1,051 270 193 270 255 680 Commitments to make industrial loans 7,16/4. 1,187 1,618 89 — 13 3,61+0 — I450 167 F. R. notes outstanding 2/4.,65I4.,252 11+75,91+2 5,650,132 1678,160 2114,745 1710,626 1411,133 451+5,723 1113,315 601,755 929,1+56 596,195 2319,070 Collateral for F. R. notes held by F. R. Agents: Gold certificates 12,033,000 455,ooo 3,470,000 500,000 645,000 690,000 590,000 2950,000 300,000 i84,ooo 280,000 169,000 1800,000 Eligible paper 68,081 io,993 19,150 9,173 — 10,725 4,890 1,100 9,1+50 2,600 U. S. Govt, securities 13,583,989 1100,000 2,400,000 1200,000 1500,000 1055,000 850,000 1600,000 953,989 1+25,000 700,000 500,000 1300,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES T/ithin 16 to 31 to 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 101,454 67,673 5,531 15,373 12,877 Industrial loans 1,036 1,026 4 5 10 38 30 U. S. Govt, securities 21,851,799 3,637,464 2,682,923 55,,554433,,441i44 44,,339999,,332211 1,500,575 3,039,312 320,1+00 11+8 ,350 530,040 1/ After deducting $290,370,000 participations of other Federal Reserve Banks, 2/ After deducting $5,253,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis