H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for. Pub lie at iqn Friday morning, May 30; tiot earlier) H.U.I May 29, I9U7 CONDITION OF THE FEDERAL RESERVE BANKS During the week endpd May. 28 member bank reserve balances decreased ' $237,-000',000« "Reductions in1 member bank reserves arose from increases o f« ! , $212,000,000 in Treasury deposits with Federal Reserve Banks, $95,000,000 in money in circulation and $3^,000,000 in Treasury cash, and a decrease of $52,000,000 in Reserve Bank credit, offspt in partjby increases of $kh,000,000 in gold stock and $2,000,000. in' ?reas,ury currency ,and a decrease of $111,000,000 in nonmomber deposits and other Federal Reserve a,cc6unts Excess .reserves'of member banks on # May 28 were estimated to be approximately $510,000,000. Holdings of'loans, discounts and advances increased $13,000,000 while holdings of -United States Government securities decreased $86,000,000. The de crease in holdings of United States 'Government securities reflects a decrease of $210,000,000 in bills and increases of'$106,000,000 in certificates and $18,000,000 in notes. Changes in member bank-reserve balances and related items during the week and the year ended May 28, l^hl> were as 'follows* ; Increase ;or decrease since May 28, ' May 21, May 29, 19U7 19^7 19U6,. (In millionsiof dollars) U.S. Government securities 21,590 ' 86 -l ,393 -• Loans, discounts and advances 132 + 13 - 106 Other Reserve Bank credit 297 + 21 — 39 Total Reserve Bank credit 22,019 _ 52 -.1 ,537 Gold stock ' ^ * " 20,932 • + UU + 690 Treasury currency h,56l + 2 + 28 Member bank reserve balance's 15,705 - 237 + 16 Money in circulation 28,211 + 95. + 105 Treasury cash 1,372 + 3h - 893 Treasury deposits with F, $, Banks 751 + 212 + 70 Nonmember deposits and otheir F # R # accounts 1,172 - ill - U9 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since May 28, May 21, May 29, I9u? 19U7 19U6 A S S E TS Gold certificates 18,971*, 678 + 1*U,500 +1, 630,618 Redemption fund for F. R. notes 71ii,053 - 1,1*1*7 31*. 005 Total gold certificate reserves 19,683,731 + 1*3,053 + 1, 596,613. Other cash 232,59U - 18,91*3 27,351 Discounts and advances 130,159 +13,091* 106,31*8 Industrial loans 1,603 + 6 + 279 Acceptances purchased 11,321* U. S. Govt, securitiesj Bills Ik, 567,1*13 -209,916 ++ 561,559 Certificates 5,917,718 +106,000 1*17,878 Notes + 17,500 --11 369,300 ,368,900 Bonds 735,390 167,552 Total U»S« Government securities 21,589,821 - 86,1*16 --11 ,392,771 Total loans arid securities 21,721,533 - 73,316 -1 ,510,161* Due from foreign banks 102 + 17 F, R. notes of other banks 93,8U8 + 1*68 19,868 Uncollected items 2,209,391 -227,336 +; 221,690 Bank premises 32,035 1*3 99k Other assets 50,21*6 + 1,769 5,882 TOTAL ASSETS 1*1*, 033,530 -271*, 31*8 + 25I*, 061 L I A B I L I T I ES Federal Reserve notes 2U,110,158 +107,91*3 1 1*3,71*5 Deposits j " *- Member bank - reserve account 15,705,1*1*9 -236,351* + 16,711 U.S.Treasurer-general account 751,052 +212,259 + 70,536 Foreign 1*02,721; - 36,21*9 205,1*85 Other 1*1*3,21*7 - 2lt,778 + 13,1*59 Total deposits 17,302,1*72 -135,622 iol*,779 Deferred availability items 1,912,330 -21*8,739 + 21*8,867 Other liabilities including accrued dividends 11*, 060 + 927 + 232 TOTAL LIABILITIES 1*3,339,020 -275,1*91 + 188,065 C A P I T AL A C C O U N TS Capital paid in l9l,l*ol* + .1*9 . + 9,1*01 Surplus (Section 7) 1*39,823 + 81,1*6.8 Surplus (Section IJb) 27,1*55 ; + 27 Other capital accounts 35,828 + l,09l* 2l*,9QQ TOTAL LIABILITIES AND CAPITAL ACCOUNTS , 1*1*, 033,530 -27l*,'3l*8 + 251*, 061 Ratio of gold certificate reserves to deposit and F. R note # liabilities combined 7.5% + .1% f' 3.9% Contingent liability on bills purchased for foreign correspondents 6,502 - 295 + 6,502 Commitments to make industrial loans 5,703 + 6 + 272 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.ka<b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 28, I9U7 (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 oertificatss 10.97U.678 71k,060 5,k95,85k 786,07k 1229,99k 950,262 928,300 k530,225 553,03k 377,535 62o,ok5 k55,907 21+95,^10 Redemption fund for F. R. notes 7lli,053 5k,5k7 115,766 59.799 75,052 5k,89k k3,98i 8i,k97 U5.659 '21,259 33,558 2k,365 103,896 Total gold certificate reserves 19,688,731 768,607 5,611,600 8k5,B75 1505,0k6 1005,156 972,281 kk69,722 598,673 398,792 655,k05 k6o,27i2 2599,306 Other cash 252,59k 20,532 k3,590 lk,712 22,5k3 13,k29 I3,5k6 26,852 12,k7k 5,kk2 8,162 10,932 35,780 Di s c ounts'and a dvanc e s 150,159 15,325 k7,klk 10,681 10,791 9,163 5,29k 5,060 6,165 l,5k5 9,613 1,219 7,793 Industrial loans 12 1,591 — 1,603 U. S. Govt, securities: Sills 95k,kl9 3,732,255 H65,k52 lkk6,05k 968,259 792,k51 I550,k52 751,697 kl9,36k 721,00k 572,155 lkk5,895 lk,567,ki3 Certificates 5,917,718 k07,H9 1,515,519 k22,278 531,5k7 36k,555 505,986 790,691 505,655 169,255 27k,530 26k,500 568,5k7 Notes 25,k07 9^,57rH 26,352 33,172 22,7k9 18,971 k9,3kk 19,073 10,561 17,152 I6,k9k 55,k68 369,300 Bonds 50,593 188,332 52,k76 66,035 k5,500 37,776 93,258 37,981 21,051 5k,115 52,8k5 70,628 755,390 Total U.S.Government securities 21,559,321 l,k57,538 5,580,681 166k,553 2076,808 tfiCO.Okl 1153,18k 2k88,725 Hlk,586 620,189 10k6,731 885,79k 2120,556 Total loans and securities 21,721,553 lk52,073 5,628,095 1676,830 2087,599 lklo,3ok H53,k7G 2k95,785 H2o,5k9 621,55k 1056,594 887,015 2120,129 Due from foreign banks 102 6 V'33 39 5 u l k k 3 k 59 F.R.notes of other banks 93,8k3 5,8k7 15", 572 k,80k 6,ok3 11,500 10,775 H,8k0 9,625 k.195 5.107 3,219 12,720 Uncollected items 2,209,591 132,995 k6l,759 lk5,157 211,075 192,1+98 I59,2k2 3k2,886 99,709 55,997 I08,k78 89,511 182,286 Bank premises 52,055 1,275 8,586 5,120 5,805 2,651 1,508 3,037 1,992 1,227 2,k97 78k 1.757 Other assets 50,2k6 3,585 12,027 5,lk3 k,662 5,056 2,757 6,7kk 2,882 1,59k 2,155 2,226 5,85k TOTAL ASSETS kk,055,550'2k55,5.l6 11,780,662 2694,652 56ko,585 2658,399 2305,569 755k,880 18k5,906 1088,58k 1856,198 lk55,76o k965.82l 1/ After deduoting $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 FEDERAL RESERVE BANKS ON MAY 281, 9U7 (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 2i+, 110,158 11+50,576 5,565,211+ l61+i+,l+07 2071,205 1658,790 1571,565 1+502,500 1075,729 585,1+85 905,330 571,1+68 27ll+,293 Deposits; Memiber bank-reserve acct. 15,705,1+1+9 698,829 l+,9ll,356 786,811 1199,1051"; 705,991+ 715,002 2328,780 591,500 590,745 758,507 727,078 1895.71+2 U.tf.Treasurer-general acct. 751,052 i|l+,262 199,195 1+5,986 70,0860 51,1+85 57,720 87,069 l+!+,175 55,086 1+2,701 55,527 59,962 P'o reign 1+02,721+ 2l+,687 l/ll+l,019 -51*156 55,772 18,81+8 15,770 52,512 15,1+65 9,616 15,465 12,695 53,925 0ther 1+1+5,21+7 1,800 579,217 1,601 9,1+91 1,800 1,51+5 2,757 6*017 2,030 818 768 35,405 Total deposits 17,302J+72 769,578 5,650,787 865,551+ 15ll+,!M 778,127 768,055 2470,918 655,153 455,477 815,489 775,866 2023,054 Deferred availability items 1,912,550 168,191+ 366,169 12l+,!+09 189,552 165,872 154,167 286,061 90,765 48,989, 91,284 81,460 165,610 Other liabilities including accrued dividends 14,060 825 5,977 91+6 1,573 719 665 2,200 605 412 552 658 1,152 TOTAL LIABILITIES : 1+5,339 ,020 2388,9711 1,561+,ll+7 2635,516 5576,581+ 2605,508 2274,228 7261,679 1820,250 1070,561 1810,655 1429,432 4904,089 Capital paid in 191,1+01+ 11,169 67,508 11+, 207 18,714 8,067 7,299 22,798 6,513 4,208 6,380 7,038 17,853 Surplus (Section 7) i+59,823 27,557 156,549 54,720 41,594 20,676 18,663 65,078 16,577 10,997 ' 15,729 13,777 38,106 Surplus (Section 15b) 27,1+55 3,012 7,255 4,489 1,007 3,325 762 1,429 521 1,073 1,157 1,307 2,140 Other capital accounts 55,828 2,807 5,405 2,920 5,084 2,325 2 ,617 5,896 2,245 1,945 2,297 2,156 3,633 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 1+4,055,550 21+55,pl6 11,780,662 2691,652 561+0,583 2658,399 2505,569 7354,880 1845,906 1088,584 1856,198 1455,760 4965,621 Contingent liability on bills purchased for foreign correspondents 6,502 1+16 2/2,080 526 605 519 266 884 228 I65 228 215 572 Commitments to make industrial' loans 5,705 — I/166 1,618 89 -— 15 2,200 450 — 167 F. R. notes; outstanding 24,694,470 ll+75,5l+0 5,696,158 1680,522 2118,155 1709,955 1405,077 4567,902 1106,596 600,900 922,518 596,537 2814,854 Collateral _for .F. R. notes : held by F.: R. Agents: Gold certificates 12,155,000 1+55,000 3,470,000 500,000 645,000 690,000 590,000 5000,000 500,000 i84,oqo 280,000 169,000 1850,000 Eligible-paper 90,901 13,928 58,738 8,915 — B,595 5,1+00 8o:o 8,850 — 5,875 U. S. Govt, securities 15,578,627 1100,000 2,400,000 1200,000 1500,000 1055,000 850,000 1600,000 948,627 425,000. 700,000 500,000 1500,000 MATURITY DISTRIBUTION-OF-'-LOANS AND SECURITIES Within 16 to 51 to 61 to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 50 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 130,159 92,510 20,579 14,895 2,500 75 * ' r Indus tria 1 loans 1,605 1,042 4 4 29 53 53 108 330 U. S. Govt, securities 21,589,821 5,721,099 2 410,.7.7.. '' ,.5 ,102.,, 503 .4.., 500„ ,96,5 1,530,075 3,293,312 320,400 11+3,350 562,040 l/After deducting $261,559,^00 participations of other Federal Reserve Banks. 2/ After deducting $4,421,000 participations of other Federal Reserve Barks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis