H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD 6? GOVERNORS 0F- THE ;FEDBRAL RESERVE 'SYSTEM (Released for-Pubiic'ation Friday morning, ^August 8; not earlier) ' H.U.1 August 7, 19^7 '"CONDITION OF THE FEDERAL RESERVE BANKS '•• ,, 1, , , ,,1 • •• v , ,Wf> .i 11, 11 • During the -week ended A\igust 6 member bank .reserte b&JLances increased $55f066,000t Additions t'O(member bank reserves arose from decreases of, $177,000,000'in nonmember deposits and other Federal* Reserve*, accounts; and, *• $11,000,000 in treasury cash and an Increase of $6^,000,00.tf-'iri gold stock", offset in part by increases of $77*000,000 in money in circulation and $23;000,000 in. Treasury deposits Vit'h Federal Reserve Banks and a decrease of $99,000,000 in Reserve Ban:: credit^ Excels reserves of member bank's on 4'ugust 6 v/ere estimatied to be approximately $810;,boO,QQO. ; • * < * * ' '!; f Holdings of loans^ discounts and advances increased $12,000,000, while holdings of United States Government securities decreased vlii3,000,000r The de~ crease, in holdings of United States Government securities reflects decx*ease3 b.f-. $226,0.00,000'in bills, and $3,000,000 in bonds*and* arc increase -of $86,000,000 &. certificates, ' ' • Changes in member .bank reserve balances and related items during the-Week and the year, elided August 6, ,lSk7» were &s follows: I'.); '' ' Increase or decrease sine© July 30, Aug, 7» 19U7 ... 19U7= 19U6 • IP* HI f iiipw (la millions -ot: dollars) U« S. Govetjmment 'securities £1.869 ••1U5 -i,?2U Loeuis, disA^wnts and advances 125 *.:12 ' Other/Re se'.rye Ba#k bredit 218 * '^33:' Total >Reserve Bank.credit 22.2U - 99 -U923 Gold stock - 21,602 t .65' •1.336 Treasury currency 1^,552 •• • -:. 1 I.iember bank reserve, balance's ;; 16^09 + 55 + 516 Uoney in /circulation 28,206 + 77 - 120. Treasury da^'h" *! •/; „. -- ; * . 1»?3QV - 11 . 953 Treksiiry denos-^ti iwith F^ jR«r Banks; r726 .+ 23 ••' 375 Honmember deposits and otHer F,R.accounts 1,692 - 177- - 212 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT -OF CONDITION H.U.X(a) QF .TI3&-^®tVE FEDERAL .RESERVE BANKS COHBIifE^ (In thousands of dollars) Increase or decrease since August 6, , July 50, August 7, 19J+7 191+7 191+6 A S'S E T S Gold certificates 19,686,179 + 68,000 +2,35^,970 Redemption fund for F ^ R notes .•672,.615 T 323 -. 78,731+ # # Total gold certificate reserves 20,558,792 + 67,677 +2,255,236 .1,11 „ M.I, I ., ...fllM, . M. „,• •!.,.,. , ,. ,,, .„. ..I^...^.<l •—.. Other cash ' ' 267,208 - 3,767 - 3;1,028- Discounts and advances - 123,01+7 + 12,01+0 :-. 13^,836 Industrial loans 1,682 1+1 +' '. : 557 Acceptances purchased - 27,926 U S Govt* securities? % # Bills Ik,090,686 -226,250 - 1+85,973 Certificates ;6,.685,966 + 86,200... - ,979,671 Notes •:, • 569,500 "-'• 226,500 Bonds •- • 722,690 - 5,000 - '..32,600 Total U» S» Government _—r-j—: securities > 21,^868,61+2 -Ui3>;030 -l,72l+,-5l+l+ Total loans and securities 21,993,371 -151,, 051 .„ -1^836,-7l+9 Due from foreign tiajiks 102 ,+ 19 F. R* notes of other ti'anks ii9.:d25 ;- 9,890 - . n,765 Uncollected items 2;i7l+,590 !- 29,675 r+ 175,511 Bank premises »• 31,576 . :- 27, :- ,975 Other assets 53,802 ... :- 521+ ' + ,3,955 TOTAL ASSETS, ii+-;998j66 -107,237 + 502,202+ l L I A Bl LlI T I ES Federal Reserve nptes 21^127,081 • 5i+,336 - 190,627 - Depositss Llember bank -" reserve eiccount . 16,1+08;9H •+ 51+1969 ' . + .316,229 U,8,Treasurer- - general account 727,81+9 • + 25,227 + 571+; 81+7 Foreign 51+9,850, ;- 37.558 - 271+,5l6 Other ..^^552200,,990088 "" j -127,888 ++ 11+, 682 Total deposits ." 1188::,,220077--,,551188,,;; ;- 87,250 , .. ++ 1+31.21+2 Deferred availability items 1,957,056' - 61,973 + 210,115 Other liabilities including accrued dividends * 12,708 ; - . 228 + 1*182 TOTAL LIABILITIES" lilt, 501+-, 31+3 ' - 95", 095 + •1+51,912 C A P I T AL A C C O U N TS Capital paid in 195,105 + 602 + 9,080 Surplus (Section 7) li59,:823 + 81,1+68 Surplus (Section 15b) • .'2?,i+55 — .'+ ' .. 27* Other capital accounts ,.....- 31+,01+2 ; :_B.7l+l+ - 1+0,285 TOTAL LIABILITIES. AND CAPITAL ACCOUNTS 14u998,j766 -107,237 502,201+ Ratio of gold ^certificate reserves,, to deposit and F* R note t liabilities" 'combined • ^S#l/^, 5* $ Contingent liability on' bills purchased for foreign correspondents ' h»53k -185 + Commitments to make industrial loans 6,910 + 1,222 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H J4.1(b) \ STATELENT OF CONDITION1 OF THE FEDERAL HE§ERVE BANKS ON AUGUSTS, 19^7 (Ih thousands of;dollars) A S S E TS Total Boston New York Phila*"7: "; Cleve Rich* Atlanta Chi4ago St«Xouis Minn Kans Cy Dallas SanFran. # : # # # Gold certificates 19,636,179; 733,783 6*503,592 818,139.1121*,076 908,Qlb; 866,59U 39854p9 568,309 3149,925^ 6(^,936 1*81*. 591 2755,115 4 : Redemption fund for - • ••• * - • ¥\ R notes 672/613 55,677' 117,3l49~ 59,8il 7^,932 53,7^8 ii3,09ii 90,29k ii5,3Q8 21,126 34,691 24,126 52,957 # Total gold certificate reserves 20,358,792. 794,460 6,62o,9Ul 878,000 1199,008 961,808 aP"688 4075.403 613,617 371,051 638,027 508,717 2788,072 Other cash 267,208 29,178 47,565 14,188 22,880 &4 20,678 59,806 15,161 7,047 7,842 10,616 59,868 Discounts and advances 123.0147 10,615 25,055 7,860 14,429 2,255 7,387 19,018 4,828 11,005 5,474 6,850 10,* Industrial loans 1,682 1,676 6 U« S Govt, securities: # Bills lit, 090,686 955,267 2,910,647 1128,939 1452,972 ;87,59k 837,144 2075,981 687,224 451,646 754,073. 567,604 1285,795 Certificates 6,635,966 438,115 1,764,131 439,895 662,952 406,731 357,H7 824,517 361,013 189,551 522,352 515,775 625,821 Notes 369,500 2^,199 97,441 24,298 56,618 22,466 18,621 45,542 19,9^1 10,470 17,805 17,442 54,457 Bonds 722,690 ' 47/556 190,685 -47,549 71,659 45,964 56,440 89,122 59,022 2o,488 54,845 34,135 67,429 Total U S Government # # securities 21,860,642 1462,935 4,962,904 1640,679 2224,201 1460,555 1229,3223035,162 1107,200 672,155 1129,073 934,954 2009,502 Total loans' and securities 21,993,571 1475,554 -4,937,959 1650,215 2258,650:1470,850 l23i,57j7^o42^49 H26,2i8 ! 676*985 1140*076 938,428 2016,352 Due from foreign banks 102 6 i/35 8 9 5 h 14 4 .-•• 5 h. 5 9 F.R,notes of other banks 119,025 5,699 19,108 5,419 6,289 9,856 9,^56 15,598 7,645 12,512 7,616 5,620 16,427 Uncollected items 2,174,590 186,944 586,866 157,9U 2o4,2o2 194,267 159,199 534,966 100,092 56,996 150,092 87,515 195,512 Bank premises 31,876 1,264 8/3-31 3,107 3,784 2,648 1,501 3,056 1,984 1,222 2,480 775 1,744 Other assets 53,802 3,414 15,167 5,227 5,810 5,192 2,879 6,961 5,250 * is,i55o 2,489< 2,454 5,409 TOTAL ASSETS 44,998,766 2494,519 12,085,750 2712,105 3680,612, 2655,205 25-14,962-7518,155 1867,971 -1127^564 1928,626 1552,126 5063.395 l/ After deducting $69,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 6, lgl*7 HJul(c) (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 I.iinn Kans.Cy* Dallas SanFran. # # # # Federal ^Reserve notes 21*,127,081 114*2,802 5,567,726 1629,853 2o8l±,055 161*8,978 1363,868 1*538,1*52 1075,706 588,019 921,923 590,712 267l*,987 Deposits: Member bank-reserve acct. 16,1*08,911 71*9,381* 5,io!*,2^ 802,9501232,757 722,851 723,509 21*1*2,981* 608,095 4ii,44o 810,573 797,865 2002,231* U.S Treasurer-general acct. 727,81*9 52,661 186,570 1*2,787 66,281* 1*9,881* 33,1*52 87,185 41,932 33,802 2*0*308 53,569 # Foreign 51*9,850 32,?l6 1/202. R7R I4I.318 17*1*39 2J*-995 17 OCj, 1A Q27 hi, oO* y/ r —'• 9 y i-t- — I 9 ^ S*+ 0ther~ 520,908 ^2,21*5 "l*5l', 58h 2^25 ^9,'o77 2* 325 1,1*1*3 3,206 6,269 2,388 1,381 783 37,782 Total deposits 18,207,518 837,006 5,945,301 889,480 1355,557 800,055 779»318 2602, 749 671,633 468,513 863,609 855,789 2138,508 Deferred availability items 1,957,036 l69,3l±0 351,978 135,486 175,034 170,493 141,638 281,606 94,396 52,103 116,867 80,752 187,343 Other liabilities including accrued dividends 12,708 889 2,036 905 1,744 827 731 2,164 6o4 498 65^ _5J2 1.144 T0TAIL LIABILITIES 44,304,343 2450,037 11,867,041 2655,721; 3616,390 2620,353 2285,555 7424,971 1842,339 1109,133 1903,053 1527,765 5,001,982 Capital paid in 193,103 11,197 68,127 1^,293 18,787 8,135 7,427 23,043 6,344 4,24o 6,442 7,135 17,933 Surplus(Section 7) 439,823 27,557 136,549 34,720 41,394 20,676 18,663 65,078 16,577 10,997 15,729 13,777 38,106 Surplus(Section 13b) 27,455 3,012 7,253 4,489 1,007 3,325 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 34,042 2,716 4,730 2,879 3,034 2,716 2,555 3,612 2.190 U921 2.265 2.142 3.232 TOTAL LIABILITIES AND CAPITAL A CCOUSTS 44,998,766 21^,519 12,083,750 2712,105 3680,612 2655,205 2314,962 7518,133 1867,971 1127,364 1928,626 1552,126 5063,393 Contingent liability on bills purchased for foreign correspondents 4,334 277 2/1.337 351 403 212 178 589 152 108 152 143 382 Commitments to make industrial loans 6,910 1,106 1,353 86 27 31 Uoo 3,750 157 F.R.notes outstanding 24,812,113 Ik93,2i92 5,723,304 1676,298 2135,983 1694,071 l4o2,2o4 4626,373 1107,614 600,890 942,612 620,262 2789,010 Collateral for F»R.notes held by F.R.Agents? Gold certificates 12,153,000 440,000 3,470,000 500,000 655,000 675,000 570,000 2860,000 300,000 184,000 280,000 169,000 2050,000 Eligible paper . 74,688 8,725 15,595 5,470 — 8,599 17,985 4,090 9,970 4,254 U.S.Govt, securities 13,644,121 1100,000 2,400,000 1200,000 1500,000 1055,000 850,000 1800,000 914,121 425,000 700,000 500,000 1200,000 MATURITY DISTRIBUTION OF LOU© AND SECURITIES Hi thin 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 123.047 80,971 4,905 19,193 17,977 1 Industrial loans 1,682 1,162 31 26 53 110 327 U, S. Govt, securities 21,868,642 3,:254,427 3,280,080 4,746,077 4,022,377 2,699,922 2,884,669 295,400 148,350 537,340 l/ After deducting $346,868,000 participations of other Federal Reserve Banks; 2~/ After deducting $2,947,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis