H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FSBliRAL RESERVE SYSTEM (Released for Publication Friday jjiorniftg^ August 15; not earlier) II.il* 1 August llj., 19^7 ;C'6NDITI0K OF THE FEDEMl/jlESEkVE BANKS ^Dyting tjie, v/eek end^d^A^gust X5' "irtembe,r l?ank reserve balances increased 9 $19,000,000; Additions;rto'member Wik'".reserves arose from increases! of $283,000,000 in Reserve* Bank credit -and* $9,000,000'in gold stock and a decrease of 170,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $3^5,0,00,000. in Treasury deposits with Federal Reserve Banks and $17,000;000. in'irtbney in circulation^ Bxces§ reserves bf member banks on Aur^ust 13 wei-e estimated; td be. approximate3,y $850,000,000. \ Holdings, of loans., discounts and advances increased $60,000,000 while holdings . of United' States Government securities,increased $161,000,000. The in*crease in holdings* of United States .Governrafcnt Securities reflects increases of $113,000,000 in: certificates andU$Ut, 000,000 in bills. Changes in member bank reserve balances and related items during the week fcnd the year ended August 13,' £$h"(, wer$ as follows: Increase or decte'aafe since Aug, 13, Aug. 6, Aug. :au # 19^7 19U7 19U6 (In millions of dbllars) U. S<p Government securities 22,030 161 . "-1.5U5 Loans4 discounts and advances^ 185 + 60 : - 79 Other" Reserve. B&nk credit < 280 .+ t & - 119 Total Reserve Bank credit 22,1^1; + •:283 -1,7W* GoJ.d stock : 21,611 ! ; 9 > +1,3U3 Treasury currency • UV551 • l- : + 10 1 Lember bank reserve balances l6,i;28 + + ' U20 Money in circulation ! 28,223 17 - 130 Treasury cash ,- I.329 ••** 1 - 933 Treasury deposits with F. R. Sahks 11.053 + 325 ; . + 496 llonmember deposits and other F.'R. -accounts. 1,622 70 • : Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATELIEST OL' CONDITION OF THE' TtlSLVE FEDERAL HiSEHVS;'BANKS.COLIBIIIED H.U.l(a) (In .thousands of dol'la^s) Increase or < iecrease since Aug. 13, Aug. 6, Aug. ll*, 19U7» 19U7 19li6 A S S; E T S ' Gold certificates 19* 69*4,179 + 8,000 +2,5142,972 Redemption fund for F R. notes • :; 672,616 X _5 - 78,089 # Total gold certificate reserves 20^566,795 + 8,003 ,••' :.;+2 ,2,61i,883 Other cash 268,739 + 1,531 m t 29,681 Discounts and advances 183,205 + 60,158' 79.193 Industrial loans 1/667 •1.5 «f 529 Acceptances purchased -_- • 25,020 • «.-• U S, Govt, securities? • I,--- # Bills 111,155,08^ + lilt, 398 - Bl7,255 Certificates 6,803,, 566 +117,600 - 968,071 Hotes 369,500 — •ri 226,500 Bonds . 721,690 - 1,000 .f •55,600 Total U. S, Government t securities 22,029,6^0 +160,998 -1 ,5li5,226 Total loans and securities " 22,211;, 512 +221,l'l;i- / l,6ii6,9l0 • » 1 1 1 . ,] |L| | U 1 -| 1 |* i (1 II . 1. .11 .1, I I* , .) aT Due' from foreign banks 102 _-_ 19 F. ;R, notes of other banks .' 118,258 767 » 10,060 Uncollected itfems 2,563,h77 +588,387 + 76,775 Bank premises'; ."i 51,876 * . 4« * - - 97lt Other assets • A 55,7hQ v+ l,,9U6v t . 3.1+79 TOTAL ASSETS !+5,6l9i507 +62o,7lil t 657,529 \ L I A B I- L i;,T I 3 S ;' .. Federal Reserve notes < 4.1^,768 !+ 17,687'.; ' - 189,271 Deposits: *..» i ' • ,; llember bank r reserve account 16,1|23 ,24 :••> 19,355 + 1(20,221 U # S t Treasurer -general account •iL, 052,669 +321*,820 : *.+ 1495,1405 Foreign 536,578 •Jr 13,1472 225,782 Other ': 1*63,2fl7 - 57,621" 69,882 \ „., „ Total deposits ,16,1480,600 +275,082 t+ •619,962 Deferred availability items . , •,f,285,8liU .+526;808 + 173,171 Other liabilities including- accrued .... dividends " Hi,l5U + 1,1^26 + 3,2U9 TOTAL LIABILITIES hh, 923,3146 , +619,003 •'+ 607,111 C-'A P IT A-L A^C C-0 IT H f S "• Ca, pi- t. al paid •_ in„ ,. . . r . . •.. *' I . * 193,200 + ".97 + •..' 9,089 Surplus (Section 7) U39.3?3 + - ' 81,li68 :._-• Surplus (oection ljb) 27,1455 >-_ + ;• -.27 Other capital accounts '• ;::. ' 35,685 + lw.#ri. .- Uo,l66 TC%L LIABILITIES AND CAPITAL-ACCOUNTS' 145,619,507 '+62 0,71+1 ' ~ 657,529 Ratio of gold certificate reserves to deposit and F. R, note liabilitie$^ combined ,3 Contingent liability p%i bills purshasetl for foreign* correspondents + 14,191 Commitments %o make industrial loans 7,077 167 + 975 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E^l<b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS 01 AUGUST 13., I9U7 (In thoug^-ids 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»69U,179 737,571 6,506,561; 808.3U8lllii.301 891,515 355,613 UoU5,228 5U9,099.^9,711, .592,UlU U76.207 27U0,108 Redemption fund for F„ R. notes 672,616 55,677 117,350 59,862 7U.932 53,798 U3,095 90.-29U U5,508' 21,126' 3U.091 2U.I26 52.Q57 Total gold certificate reserves 20,366,795 793,2U8 6,623,9iU 868,210 1216,733 9U5,313 898,708 Ul35,522 59U,U07 370,837 626,505- 500,353 2793,065 Other cash 268,739 28,802 U5,887 13,063 20,392 13,009 '2U,596 Uo,205 1^,065 8,757 7,991 10,399 U0,573 Discounts and advances 183,205 9,663 75.0U5 1U.710 21,867 13,181 U.005 6,312 1U.718 U.,128 U,702 8,17U 6,700 Industrial loans 1,667 6 U S Govt, securities: # # Bills 1U,135,08U 96U,U72 2.832.U22 1130,512 1U58,266 looU.191 85U,22o 2o8U,756 693,633 U5L058 767,657 562,238 1551,659 Certificates 6,803,566 UU6.291 1,792,889 UU8,62o 67U.3U0 UiU,iU2 3U3,317 839,603 566,908 192,878 328,o6U 320,990 655,52U Notes .369,300 2U,225 97,319 2U,35l 36,603 22.U80 18,655 U5,57U 19,915 io,U70 17,808 17.U23 5U.U97 Bonds 721,690 U7,3Ul 190,181 U7,588 71,530 U5,950 ••; 5.6.U17T.. 89.061. 3S.Q1Q 30iU6o ^U f Boo 3U.0U9 67.UI/I TotaJ U S Government # # securities 22,o£9,6UoMU82,329 ~U,9i2,81l 1651,071 ^2Uo,739--1U8U..7U3 1252,589 5058,99U 1119,37.5 ; '&,866 l.lU8,329 93U,700 2o69,09U Total loans and securities 22,21^,512 1U91,998 U,987*656 1667,UU2 2262,606 lU97,92U 1256.59U, 5065,506 I13U.093 678,99U 1153.031 9U2,87U 2o75,79U Due from foreign banks . 102. £ •1/- 33, 8 .9. 5 U lU1U h, 3 U 3 9 F.R.notes of other banks 118,258- 5,760 2"0,857 5,962 U,66l 8/755-." 9,7S>6 ' iU,32*5: 7,79U' '13.U23 ' 6.256 3,681 17,208 Uncollected items • " 2,563,U77 199,717 U71.U78 195,130 259,033 213.0U6 159,287 U20,809 117,912 .759,936 lUl,22l 109,598 216,260 Bank premises 31,876 '1,26k 8,331 3,107 3,7SU 2.6U3 1,501 3,036 1,98U 1,222 2,U80 775 1.7UU Other assets 55,7U8 . :-3,,697 15,928 5,328 5,6U3 5,UU9 2.9U8 7,017 5,587 1,595 2,625 2.U97 5.65U TOTAL ASSETS U5,6i9,507 252U,U92 12,172.26U 2756,250.5772,861 268U.i29-2353.U3li 7686,03U 187U,6U6 113U,817 l9Uo,H3 1570,160 5150,237 l/After deducting $&),000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TT ! •% t STATEMENT OF CONDITION OF THE FEDERAL RESERVE BA1JKS OH AUGUST 13I, 9u7 (In thousands of dollars) L I A B I L I T I ES Total . Boston Hew York Phila* Cleve* Rich, Atlanta Chicago St Louis i'.dnn, Kans.Cy. Dallas SanFran, # Federal Reserve notes 2^,1^,768. ll#9,793 5,567,289 1632,71*7 2091*51*3 1^9,157 1363,191 ^ 5 , 2 15 "1076,726 587,935 921;,773 590,150 2676,249 Deposits• LleDiber bank-reserve acct. 16,428%266 73*1*055 5,09^,3l|6 799,909 1222,93I; -728,1*75 736,696 2fc66,3k3 601,509 409,507 813,801 797,223 2023,418 U.S Treasurer-general aect* 1,052,669 89,539 277,902 63,3l|8 lll|,5ll| 57.107 39,550 139,623 hl,2aU # 51,804 33,439 39,190 105,359 Foreign 536*378 30,028 1/217,9614 37,916 43,533 22,937 19,192 63,662 i6,38h 11.70^ 16. Wit 15,447 l.| 1.228 Cther 463,287- 2,39k 393,729 2,h55 7,366 1,606 4,531 3,773 6.287 1.912 aiti. - . 44.6. 3Z,3li9. Total ddee P p ° ossilttss 13,480,600 856,016 5,983,941 903,626 1388,397 810,125 799,969 2673,401 66^,1*74 474,926 864,565 852,306 2207,851; Deferred -. ^ s-^il^ility items 2,283,8iai' 183,062 01,686 162,31*0 226,793 188,932 159,9uu 371,665 106,037 4 53,069 124,319 102,690 203,287 Other liabilities including accrued dividends 14,13^ 9ai 2,571 1,031 1,705 926 329 U2kQ_ 690 _6Q9_ _2£6_ ,588 L328_ TOTAL LIABILITI2S 44,923,346 2479,812 11,955,287 2699,7.44 3703,438 2619,140 2323,933 7592,64I 1848,927 1116,539 1914.423 1545,734 5088,728 Capital paid in Surplus (Section 7) •193,200' 11,203 68,127 14,296 18,819 8,137 7,429 23,081 6,3U3 h,2h\ 6,452 7,138 17,93it -439,823. 27,557 136,549 34,720 4l,39u 20,676 18,665 65,078 16,577 Surplus (Section 13b) 10,997 15,729 13.777 38,106 27,455- -3,012 7,253 U-M9 1,007 3,325 762 1,429 521 Other capital accounts 1,073 1,137 1,507 2,140 .. .35,683 _2,903 5tQ68 ?ooi 3_*2S3 2,851 ZMil 3.805 2,278, f — 1 ^ 6? 2 ^ 2- —^2dk ^ ^ 5u TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 45,6i9,.507 2524,492 12,172,284 2756,250 3772,861 2684,129 2353,1*34 7686,034 1874,646 1134,817 1940,113 1570,160 5150,287 Contingent liability on bills purchased for foreign correspondents j, JQJ 26a 2/1,341 339 390 205 172 570 11*7 105 147 138 369 Commitments to make industrial loans 7,077 1,095 1,353 eh. 27 31. 580 3,750 157 F.R. notes outstanding 2^,820,256 1494,330 5,723,607 1682,000 2136,493 1694,066 1401,807 4628,379 mi*,214 601,045 9k8,627 616,753 2778,885 Collateral for F.R. notes held by F.R. Agents: Gold certificates 12,188,000 liitO.OOO 3,470,000 500,000 655,000 660,000 570,000 2860,000 300,000 184,000 280,000 169,000 2100,000 Eligible paper 122,184 7,775 65,605 12,320 11,655 13,685 3,390 3,670 4,104 U.S. Govt, securities 13,636,323 1100,000 2,400,000 1200,000 1500,000 1055,000 850,000 1800,000 906,323 425,000 700,000 500,000 1200,000 MATURITY DISTRIBUTION OF.LOANS iiHD SECURITIES Tiithin 16 to 31 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 183,205 132,434 10,786 27,417 12,567 1 Industrial loans 1,667 ... I,la7 5 l 51 5U 109 302 U.S. Govt, securities 22,029,640 ^486,213 3,244,455 4,781,434 3.336,257 2,703,922 .2,997,269 - 295,400 148,350 536,540 l/ After deducting $318,508,000 participations of other Federal Reserve Banks; 2/ After deducting $ 2,850,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis