H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, July 18; not earlier) July 17, 19U7 CONDITION OF- THE FEDERAL RESERVE BANKS Duririg the week ended -July 16 member bank reserve balances increased $ll|6,000,00Q. .Additions to''member'bank reserves arose from-increases of $213,000,000 in Reserve Bank credit and $98,000,000 in gold* stock and a decrease of $138,000,000 in money in circulation, offset in part by increases of .$2,000,000 in Treasury ca&h> $190,000,000 in Treasury .deposits with Federal Reserve Banks and $108,000,000 in nonmember deposits"and other Federal Reserve accounts. 'Excess reserves of member banks on July 16. were estimated to be approximately $800,000,000 Holdings of loans, discounts and advances decreased $21,000,000 while holdings of United States Government securities increased $lli7,000,000. The in crease in/holdings of United States Government securities reflects increases of $98,000,000 in Certificates and' $51,000,000 in'bills and a decrease ';" of '$2.,000,000 in'bonds. • ' ; Changes in member bank reserve balances and related £ terns, during the week and the year ended July 16, l^lfi were as follpwsj 9 Inqrease' or decrease since July 16 Jtily 9, July 17, 19U7 ° I9k7 . . 19^6 <ln ftdllions' of doll .ars) U. S.. Government securities 2-1,758 + 1U7 - I,U72 Loans, discounts, and advances 101 - 21 - 10U Other Reserve Bank credit 389 + 87 - 72 Total Reserve Bank credit 22,21^8 + 213; - l,6U7 Gold stock .' 2i,U3U + 98 + 1,163 Treasury currency U.550 - 1 •f 12 Member bank reserve balances 16,336 + Hi6 + 368 Money in circulation 28,225 - 138 - 16 Treasury cash 1,331 + 2 - 9I8 Treasury deposits with fcF # R # Banks , • 756 + 190 + 2143 Nonmember deposits and other F. R # accounts 1,583 + 108 - 150 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ff.iul(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED' (In thousands of dollars) Increase or decrease since July 16, July 9, July 17, 19U7 191+7 19^6 A S S E TS Gold certificates 19,U75,179 + 99,000 +2,130,971 Redemption fund for F t R # notefs 723,671 - 2,018 - la, 678 Total gold certificate reserves 20,198,850 + 96,932 -+2,089,293 Other cash 253,1+98 + 21,592 - 1+2,530 Discounts and advances 99,353 - 21,306 - 104,152 Industrial loans 1,731 7 + • 553 Acceptances purchased - 1+2,323 U S, Govt, securitiesj t Bills ii+,01+3,725; + .50,991 + 30,551 Certificates 6,619,266 + 97,500,. -1,21+6,466 Notes 369,300 - '226,300 Bonds 725,690 - 1,700 - 29,600 Total U. S. Government securities 21,757,981 +11+6,791 -1,471,315 Total loans and securities 21,859,065 +125,1+78 -1,617,737 Due from foreign banks 102 + 19 F. R. notes of other banks 125,8114 + 19,869 - 15,117 Uncollected items 2,867,6^6' +533,952, + 280,874 Bank premises 31,9l8. 973 Other assets 51,075 + 2,057 619 TOTAL ASSETS 1+5,387,998 +799,930 + 693,210 L I A B I L I T I ES Federal Reserve notes 24,150,309 - 93,637 - 77,459 Depositsj Member bank - reserve account 16,336,222 +146,0.31 + 368,604 U.S.Treasurer - general account 756,000 +190,402 + 242,909 Foreign 455,276 +115,095 - 105,692 Other 496,735 - .7,543 - 107,766 Total deposits 18,01*4,233 +1+43,985 + 393,055 Deferred availability items 2,478,959 +1+47,049 + 3io,339 Other liabilities including accrued dividends 10,804 1,165 - 1,491 TOTAL LIABILITIES 14+,634,305 +793,562 + 629,1+1+4 C A P I T AL A C C O U N TS Capital paid in 192,369 148 + 8,666 Surplus (Section 7) 439,323 — + 81,468 Surplus (Section'13b) 27,455 — + 27 Other capital accounts .1^4,046 . + 1,220 - 26,395 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,387,998 +799,930 + 693,210 Ratio of gold certificate reserves to deposit and„F R, note # liabilities combined 47.9^ .1% + 4.7?'o/ Contingent liability on bills purchased for foreign correspondents 5,057 290 + 5,057 Commitments to make industrial loans 6,907 68 .+ 1,508 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(b) STATEMENT OF CONDITION OF ,THE FEDERAL EBSSRY3 MILKS OK JULY 16, I9I4.7 (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 19,475,179 738,681; 6,301,059 824,0621125,983 938,223 905,110 4oo2,255 556,29! 356,2^7 593/179 469,0682663,040 Redemption fund for F. R. notes .723,^71 53,935 118,359'' 60,297 75,289 53,632 45,362 90,657 45,407 21,167. 34,166 ,24,196 103,224 Total gold certificate reserve§ 20,198,850 792,619 6,419,378 884,359 1201,272 991,855 948,472 4092,910 605,698 377,4i4\' 627,345 493,264 2766,264 Other cash 253,498 30,187 40^866 13,607 19,409 12,638 22,272 34,977 15,352' 7,179* 8,121 11,320 37,570 Discounts and advances 99,353 10,498 22,642 7,013 9,087 9,528 1,868 5,265 12,104 788 11,328 3,108 6,124 Industrial loans 1,731 9 U. o. Govt, securities: Bills 14,043,725 949,387 3,014,654 1137,239 1448,740 964,832 798,793 2023,313 683,960 438,908 725,658 548,488 1309,653 Certificates 6,619,266 433,484 1,747,766 434,968 656,489 402,536 333,607 815,973 357,661 137.662 5l9,m 312,811 617,198 Notes 369,300 24,185 97,511 24,268 36,626 22,458 13,613 45,5-24 1I9Q..99^514 io470 17,804 17,452 34,435 ; Bonds 725,690 47,524 191,613 .47,687 7l,972: 44,131 36,575 &3,457 7Q Oil 20,574 34,986 34,295 67,665 : Total U,S»Government securities 21,757,981 145U,580 5,051,544 1644,212 2215,827 1454,007'1137,588 2974,267 1100,786- 657,614' 1097,559 913,0-46 2023,951 Total loans and securities " - 21,859,065 1465,087 5,074,186 1652,947 2222,914 1443,535 1189,456 2979,532 1112,890 658,402 1108,1887 9*6,154 2035,075 Due from foreign "banks • 102 6 1/-33 8 - 9 • 5 - - 4 -.- 14 4 . . 3 4 3 9 F.R.notes of other banks 125,814 5,605 24",227 8,921 7,809 10,982 9,426 -16,044 8,185 7,963 7,789 ' 4,096 14,767 Uncollected items 2,867,646 259,115 583,187 196,305 263,507 258,319 171,275 450,873 135,096 76,974 140,194 122,076 250,725 Bank premises r 51,948 1,269 8,549 3,H2 3,79k 2,651 1,505 3,042 • 1,987 1,22k 2^436 . 778 1,751 Other assets -51,075 3,256 12,776 2,974 5,385 2,911 2,824 6,655 2,977 1,429' 2,327 2,516 5,o45 TOTAL ASSETS 45,387,998 '2537,144 12163,002 2762,235 3724,099 2702,896-2345,254 7584,047i880,i89; H-30,^88 1697,153 1550,207 5111,206 1/ After deducting $69,000 participations of other Federal Reserve' Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HJ+J.(c) STATEMENT OF CONDITION OP THE FEDERAL RESERVE BAMS ON JULY 16, 1947 • (in thousands of dollars) •\ L I A*'B I L I T I ES Dallas SanFran* Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Federal Reserve notes 24,150,309 11+50,303 5,575,63U 161+0,072 209!;, 100 1651,674 1360,909 1+531,632 1075,206 587,165 908,992 58l+,128 2690,1+91+ Deposits* Member bank-reserve acct.-:i6,336,222 71+3,359 5,120,291 805,1+26 1229,673 734,lll+ 720,730 21+02,81+3 596,277 407,370 796,325 780,309 1999,005 U.S.Treasurer-general acct. 756,000 46,699 197,594 6l,870 59,319 53,121 39,778 112,931 33,912 38,185 30,555 32,61+0 i+9,596 Foreign 1+55,276 27,123 1/167,715 34,239 39,311 20,712 17,331 57,1+87 ik-.WS • 10.568 14,795 13,9^9 37.251 Other 1+96,755 2,387 1+26,761+ 1,912 12,029 2,1+82 3,258 1,1+39 5,1+91 1,950- 1,259 1+73 57,311 Total deposits 18,ol+i+,233 819,568 5,912,364903,1+47 1340,532 810,1+29 781,097 2574,700650,1+75 1+58,073 '81+3,4ll+ 827,371 2122,963 Deferred availability items 2,1+78,959 221,1+58 1+53,546 l6o,991 223,1|10 20l+,769 172,855 381,306 -128,008 66,303 118,302 113,561 234,472 • Other liabilities including accrued dividends 10,301+ 681 2,1+95 669 1,231 551+ 523 1,868 i+1+6 588 505 I+51 795 TOTAL LIABILITIES ;l44,68l+,305 21+92,010 119144,037 2705,179 3659,073 2667,1+26 2315,362 71+89,506 1854,135 1H2>129 1871,213 1525,511 501+8,721+ Capital paid in 192,369 11,195 67,567 14,255 18,763 8,119 7,1+00 23,021 6,351+ 1+,231 6,14.1? 7,151+ 17,913 Surplus (Section 7) 1+39,823 27,557 136,51+9 34,720 1+1,391+ 20,676 18,663 65,078 16,577 10,997 15,729 13,777 58,106 Surplus (Section 13b) 27,1+55 3,012 7,255 4,1+89 1,007 5,525 762 1,1+29 521 1,073 1,15? 1,307 2,11+0 Other capital accounts 1+4,01+6 3,370 7,596 3,590 3,862 3,350 3,01+7 5,013 2,602 2,158 2,657 2,1+78 l+,525 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,387,998 2537,144 12163,002 2762,233 372l+,099 2702,896 23i+5,254 7581+,047 1830,189 1150,588 1897,155 1550,207 5111,206 Contingent liability on bills purchased for foreign correspondents 5,057 32i+ 2/ 1,618 1+10 1+70 21+8 207 688 177 126 177 167 hh5 Commitments to make industrial loans 6,907 1,080 1,380 79 27 31 ; 1+00 3,750 160 F. R. notes outstanding 2l+,856,l86 11+95,470' '5,730,556 1687,932 211+5,583 1707,559 11+08,398 l+6l5,m 1*17,161 602,607^ 929,855 610,912 280l+,992 Collateral for F. R. notes held by F. R. Agents- Gold certificates 12,118,000 1+55,000 3,1+70,000 500,000 655,000 675,000 570,000 2860,000 300,000 184.000 230,000 169,000 2000,000 Eligible paper 60,856 8,738 13,81+2 l+,735 — 3,180 li,ll+l 100 10,366 3,701+ U. S. Govt, securities. 15,675,1+80 1100,000 2,1+00,000 1200,000 1500,000 1055,000 350,000 1800,000 91+5,1+80 1+25,000 700,000 500,000 1200,000 MATURITY DISTRIBUTION OF L0AK3 Aim SECURITIES Within 16 to 31 to 61 to 91 days to 6 months L 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 99,555 '63,311 4,779 3,591 25,078 2,09l+ — • - Industrial loans 1,751 1,183 25 5 • 3 26 55 108 550 U. S. Govt, securities 21,757,981 2,781,1+23 2,300,71+9 5,626,119 l+,708,393 1,530,111 5,977,096 295,1+00 11+8,350 540,31+0 l/ After deducting $287'-»!+36,000 participations of other Federal -Reserve Banks. 2/ After deducting 3,1+59,000 participations of other Federal rteserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis