H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVjiSUORS OF. THE--FSDERAL RESERVE SYSTEM (Released for Publication Friday morning, August. 1; not earlier) H.U.1 July 51, I9ii7 CONDITION OF THE FEDERAL'RESERVE BAMS II II .I I',. '• ^-M,, . |IM,| ., „ , I IH Durijng the'weeik endecU J#ly 30 member bank reserve balances increased $110,.000,000, Additions to member bank reserves' arose from increases of $217,000*000 in Re-serve Bank cre.'dit and $70,000,000 in gold stock, and decreases of $23l|,000,p00 in Treasury deposits with Federal Reserve Banks and $16,000,000 in money in circulation, offset5 ih part by increases of $i|18,Q00,000 in nonmember deposits'and-pother Fedef-al Reserve UcfCiOunts* and $11^006,000 in Treasury^ cash. Excess reserves-of member banks on Jul-y JO were estimated tp be approximately $800,000,000/ Holdings of loans, discounts and advances decreased $7*000,000 while holdings of United States Government securities'increased $3l2,0(J0,000t The increase in holdings of. United States Government Securities reflects increases of $253,000,000 in'Mils and $59,000,000 in. certificates. Changes in member bank reserve •. balances and related items during the week and the year ended July 30, I9l|;7# were- as follows: Increase-or decrease " 4 isince July 30, July 23, July 31, 19^7 19U6 (In millions of dollars) U S. Government securities 22,012 + 312 -1,621 # Loans, discounts and advances. 113 7 - 13U Other Reserve.Bank'credit 185 - 100 Total Reserve Bank credit 22',3l6' + 217 -i»85li: Gold stock 21,537 +•• 70 +1»27Q Treasury currency U#551 + . , 1 + 11, Member bank'reserve balances 16,3^4 + 110 + 363 Money in circulation 28,129 - 16 - 125 Treasury cash _ l»3kl +. 11 - 909 Treasury deposits with'F, R. Banks :. :' 70^ - ' 23lf + 192 y Nonmember deposits arid other'F»R.accounts '- 1,869 + 1+18 - 9h Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STA^EliHiS?; OF .CCEMX^ON- H.lul(a) OF THE T^ELVE^gDE^ALRESLKVE BAffi^S; (COIiBIMED^ (In.thousands of dollars) Increase or decrease since July 30, July 23, July 31, , I9li7 . . ^7 I9U6 ; A S. S S. X S t Gold certificated ;19J618„179 " +118,000 +2,278,970 Redemption fund for F'.JR* notes- 1672,936 - 5'6,r'73lt - 93,336 Total ^old certificate reserves 20^91,115 + 67,266 +2,185,63U mm i i. I.II ,. • Mi., i -.'• >,,. ., |H|I». >«,|l'' II I'll'iHUI » I' •• J> • 1 • • « Other cash 270,975 . -i;9Q§'. - 36, hPh Discounts and advances- 111,007 - 131,3U7 „-. -, -7. Industrial loans + 550 1,723 Acceptances purcnased < - 33,789 U, S, Govt, securities,'; Bills "' ' ' Il;,3l6i9l6 +252,78U" - 89,113 .Certificates ' 6,599,766 • -+ 58,590. , >1,275,966 Notes 369,3cfo - 226,300 Bonds 725,690 - 29,600 M Total U, S, Govgrnmenft 1 . • securities w •22:, 011,672 • +311,281* • -1,620,979 Total loans and securities' 22:,12lt,UQ2 +303,783" -1,788,565 Due from f oreign banteej 1Q2 + . 19 F;R. notes of other Ranks'', ;" 128,915 + 2,585 ~ .6,100 Uncollected items' ..•2,2 Oil, 265 -165,237 + 130,699 Bank premises ' 31,903 - U6 95k Other assets . + 2,216 -i 51;,326 > . 5Mo '•*••> '»f • f . V,} '. : TOTAL ASSETS . if5,lo6,oo3 +2-d8,:579 ' + 1*80,869 Federal Reserve ;$;ot&s 2'li,07S>745 - cX?<52,;' .-: 171,1+8!* Deposits: viember bank - re;serv$ account li, 353,91+2 +109,598 +- 362,758 tJ.S Treasurer --'general account I 70U..622 -2.^,5147 +' 191.372 # Foreign .:! 587*, 388 +21+9,587' - 236,152 Other ,+l68,2l*2 + -: 70,951 ^ 61*8,796 Total deposits 18,29!*., 71*8 +292,880 + 388,929 Defended availability-items •,2,019,009 - 77,989 + 196,589 Other liabilities including accrued dividends • [ -" ' [ 12,936 . + •'1,187 * 3,161+ TOTAL LIABILITIES 1;)+,399,1+38 +207,176 + 1+17,198 C A ? I T^:A L,'/A C C 0 U'HIS Capital pai.d in-A :'^ I92.50I .19 •+ Vi 8,5^9 Surplus (Section 7) ; 1+59.823 + -81,1*68 Surplus (Section,. 13b )* 27,1+55 + - 27 Other capital aaeouttijs 146,786 l,36U - 26,373 TOTAL LIABILITIES Aid CAPJ.T4L; ACCOUNTS 1*5,106,003 .. +2o.8-,579-" + 1*80,869 Ratio of gold certificate reserves to de_?osit and F, R-^j note*; ., liabilities comb.ineiaj + l+.9?° <C/0 Contingent liability, jon bills purchased for foreign co-respondents J, 519 231+ ;+ "+,5x9 ; Commitments"to fiialce t ' -industrial loans 6,909 + 1,1+71 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.2ul(*) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OK JULY 50, I9JU7 (In thousands of dollars) A S S E TS Total Boston Hew "Fork -Phila. Cleve. Rich, Atlanta Chicago St.Louis Hinn. 'Kans.Cy. Dallas SanFran. Gold certificates 19,618,179 ;725,996 6,559,91*0 798,513, 1126,1*21* 920,256 869*990 3998,569 ••56^,756 346,51*0 58li,968 464,1*192680,cod Redemption fund for •' '! r '" . ' ' F. R. notes £72,956 53,793 117,820 60,060 75,098 54,632 ' 1*3,216 90,1*70 ' 1*5,354 2i,il*8 34,121* 21*,161 53,o6o • .' j " n " • ' ^ " "'« ' ' • • • in ••• • m • • .1 • 1 11. i» 11 n 1 wi HI . 11.1 1 .... 1 11 1 1 „i in 1 . mi • Total gold certificate i ? - 20,291,115 777,789 6,657,760 858,573 1201,522 974,8.38 913,206 1*089,059 ' 610,110 567,488 619,092 1*88,580 2755,068 Other cash 270,975 30,667 44,564. 15,100 21,092 12,627.23,050 59,0^5 : 17,317 8,159 8,715 11,205 39,458 Discounts and advances 111,007 : 7,318 28,935 9,409 10,949 8,336 6,305 . 7,287 " 10,853 1,328 5,203 3,474 11,610 Industrial loans 1,723 6 — 1 717 - - - ' - - • - '- - U. S. Govt* securities: Bills Hi,516,916 968,172 5,055,620 1152,308 11*58,180 969,490 854,397 2102,213 692,317 449,775 740,319 558,075 1338,050 Certificates 6,599,766 432,129 1,742,998 433,522 6514,598 401,306 332,580 813,470 356,685 187,110 318,161; 311,948 615,258 Wotes 369,300 2l*,i80 97,532 2!i,258 36,629 22,1*56 18,610 45,519 19,959 10,1*70 17.80I* 17,1*55 34,423 Bonds 725,690 47,515 191,655 47,668 71,978 kh, 126 36,570 69,447 39,220 20,574 54,985 34,300 67,652 T ota 1 U.S. Government ' ... ._; securitieT ; 22,011,672 11*71,996 5.085J3O5 1657,756 222.1,385 1437,378 1222,157 3050,61*9 1108,179 667,929 1111,272 921,778 2055,388 Total loans and , ' * • '"--', securities 22,i21*,l*o2 11*79,320 5,114,740 1668,882 2232,331*11*1*5,711* 1228,1*62 5057,936 1119,032 669,257 1116,1*75 925,2522066,998 Due from foreign banks 102 6 l/ 33 8 9 5 1* ll* 1* 3 1* 3 9 F.R. notes of other banks 128,915 5,32? .21,oo£ ••• 4087 7,058 ll*,6l6 8,901 16,377 7,557 11,994 7,179 3,697 18,916 Uncollected items 2,2ol*,265 176,Ojl 4.27,492 "il**,86i: 216,744'• 192,903 156,172 348,755 100,650 55,542.121,201* 95,755 191,176 Bank premises 51,903 1,261* 8,349 5,107 "3,784 2,61*8 -1,501; -. 3,036 1,981* 1,222; 2,1*86 778- 1,71*1* Other assets - 54,326. 3,596 13,601 3,177 S,?48 3,275 12,854 .-7UQ1;' 5J2Q1 1,526 2,1*85 ' 2,556 5,408 1 1 I 1 1 ITIIIII 11 • •• I.I • • 1 1 « 1 11 • • , I'II 11 ' 11 ' • 1 . • 1 ii 1 • i»V • , ' ' 1 '.' ' • 1 •• 1 1 •• 1 "'I'M » ", • " ' • ' r» " • '.• '"• TOTAL ASSETS l*5,io6,OQ5 21*75,800 12,287,545 2696,795 5688,291 261*6,676 2511*, 130 7561,301 1859,835 1115,191 1877,658 1528,021* 5,056,777 1/ After deducting $69,000 participations of other Federal* Reserve BahkS^ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

lU.I<c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OK JULY 30, I9I4.7 .... (In thousands of dollars) L I A ' B I L I i nS Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis I linn. Kans.Cy. Dallas SanFran. Federal Reserve notes 21*,072,7i*5 11*39,822 5,566,569 1629,1692083,582 x6b3»l*6U 1357,831* 1*52-5,157 1072,759 583,827 912,956 586,592 2671,012 Deposits: Ueiriber bank-re serve acct. 16,353,91*2 733,959 5,11*5,1*88 795,011* 1221,757 721,075 721,1*69 2459,188 598,573 1*05,909-777,653 77l*,173 2001,681* U.S.Treasurer-general acct. 7oi*,622 1*8,597 170,202 1*1*,392 58,51*5 1*6,923 1*1*,1*90 91,358 1*1,891 •" 59*071*. 30,770 35,661 52,919 Foreign 587,388 35,01*0 1/215,762 1*1*,259 50,815 26,771* 22,1,02 7l*,3io 19,121* 13,660 19,121* 18,031 1*8,087 Other 61*8,796 2,i88 583,017 2,191 7,499 2,179 1,795 .5,71*9 5,632 2,11*1* 1,163 1,1*13 35,826 Total deposits 18,29!*,7>*8 819,781* 6,lll*,i*69 883,856 1338,1*16 796,951 790,156 2628,605 665,220 1*60,787 828,710 829,278 2138,516 Deferred availability items 2,019,009 168,027 38U.771 125,51*9 199,339 169,795 135,353 310,1*17 95,01*8 51,1*21* 109,167 86,729 183,390 Other liabilities including accrued dividends 12,936 855 2,155 902 1,621 785 750 2,228 618 6X1 660 626 1.325 TOTAL LIABILITIES 1*1*, 599,1*58 21*28,1*88 12 ,067,961* 2639,1*76 3622,958 2610,995 22e!*,093 71*66,1*07 1835,61*5 1096,61*9 1851,1*95 1505,225 l*99l*,ol*5 Capital paid in 192,501 11,195 67,562 11*,279 18,785 8,155 7,1*18 23,038 6,31*1* 1*,239 6,1*1*1 7,135 17,952 Surplus (Section 7) 1*39,823 27,557 156,51*9 51*,720 1*1,391* 20,676 J8,663 65,078 16,577 10,997 15,729 13,777 38,106 Surplus (Section 13b) 27,1*55 3,012 7,255 i*,l*89 1,007 5,525 762 1,1*29 521 1,075 1,137 1,507 2,11*0 Other capital accounts 1*6,786 3,51*8 3,217 5,831 1*,H*9 5.51*5 3.1Q1* 5.5l*Q 2.71*8 2.233 2.836 2.580 ),.^6 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*5,106,003 21*73,800 12,287,51*5 2696,795 5688,291 261*6,676 231I*,150 7561,301 1859,835 1115,191 1877,638 1528,021* 5056,777 Contingent liability on bills purchased 'for foreign correspondents L*,519 289 2/l,2*i*6 366 1*20 222 185 615 158 113 158 11*9 598 Commitments to make industrial ~ loans ' 6,909 — — 1,085 1,380 76 27 31 1*00 3,750 160 F. R. notes outstanding 21*,787,889 11*98,558 ' 5,71k, 901 1673,926 2139,281* 1693,251* 1. $27,002 1*621,568 1107,699 600,281* 957,619 615,565 2788,1*51 Collateral for F. R. notes held by F. R. Agents: Gold certificates - 12,105,000 .1*1*0,000 3,1*70,000 500,000 655,000 675,000 570,000 2860,000 300,000 181*, 000 280,000 169,000 2,000,000 Eligible paper 62,179 5,1*30 19,1*95 7,020 — 6,61*0 — 9,820 590 li,170 — 9,oil* U.S. Govt, securities 13,656,891 1100,000 2,1*00,000 1200,000 i5oo,ooo 1055,000 850,000 1800,000 926,891 1*25,000 700,000 500,000 1200,000 MATURITY DISTRIBUTION OF LOAIJS AND SECURITIES ITithin 16 to 31 to 61 to 9I 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 111,007 7l*,793 3,1*18 17,882 1I1l**,, 99l135 1 Industrial loans 1,723 ' 1,199 3 3 28 51* 109 327 U.S. Govt, securities '22,011,672 5,]|*25,l*8l* 2,326,699 5,537,11*0 1*,289,552 l,23l*,lli l*,2i2*,596 295,1*00 11*8,350 5liO,3l*0 l/ After deducting $371,552,000 participations of other" Federal Reserve Banks. 2/ After deducting $3,075,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis