H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS'OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, August ;£2; not earlier) H.M August 21, 19U7 CONDITION OF THE ^ii&ERAL RESERVE BANKS ' • i'» ..i. ,,1 .1, in .,M Hi i.i.i, in .... mmm>'g. 1, n-.„..,.,.. i-.,..... . .... During the vteek ended-August 20, member bank reserve bilfe&cos- decreased "$21,QOO,OO0 ReductjJLons^iA. member/bank respites arose from increases of f |>2l2,000,0bb in Treasury-deposits with Federal Reserve Banks and $15,000,000 in money in circulation, offset ini part by increases of : lli2,000,000 in Reserve Bank v credit and $55*000,OpQ in gold stQpk and a decrease of $11,000,000 in nonmember : deposits and ottierFedp^l .Reserve Recounts* .Excess reserves . of member banks on v; August 20 were estimated to be approximately $790,000,000* ' ' ' ' Holding? of Ipahs, discounts and advances increased $56,000,000 while hold*ings of United .States Government securities increased $67,000^,000, The increase in holdiir^gs ofiUnited States GQ verjimeivt securities reflects increases of'^6,000,000 in c^rtific^tes-and^^^OOa^QC. in bills and a decrease of $£,000,000-in bonds* Chanfc^s in member bank reserve balances, and related items during the week and the year ended August 20, Vphl$ were as follows; . Increase ,or. decrease since Aug, 20, Aug, 13, Aug, 21 1& 7 ; 19U7 191+6 (In millions of.dollars) U> S Government securities; 22,097 + 67 -1, 389 # Loans, discRunt's- and advances 2U1 + 56 + 11 f Other Reserve Bank ci-edit 298 + 18 — 95 > \ Total Reserve'Bahk credit 22,'&36( + 11*2 -1, U73 Gold stock 21,666 + 55 +1, 392 Treasury currency It. 551 •»•• + 8 Member bank reserve balances I6,if07 . — 21. + U7U Money in circulation 2'8,2J9 ','; + 16 - 126 Treasury cash 1,330 j + 1 - 935 Treasury deposits with F R Banks •1,265 + 212 + 725 # # ^nmembef; deposits and other F«R, accounts '1,611 - 11 - ,211 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEi.ffiNT W. COHDITI ON a.ii.i(a) OF THE TTJSLV3 F2DERALRE3EWE BAKKS COMBINED (In thousands of dollars) Increase or decrease since August 20, August 13, August 21, 19^7 I9ft7 19U6 A SS ,E T S Gold certificates i 19,750,179. + 56,000 +2,l40l|,U23 Redemption fund for F. R # notes;' . ,676,616. + l;,000 - 77,635 Total gold certificate reserves 2o,ti,26,795: +.' 60,000 +2,326,788 "i"""'" ^' "•'' "* •i""rrj'" • •••*•>•• ''• ""••*-".«"..»•"•,..—.. —...—..«i..— Other cash 269,358 + 619 Discounts and advances. 239,2ol* + 55,999 : .:+ :9,889 Industrial loaiis l,79l* + 127 + 735 Acceptances purchased • - 17,889 U. S Govt, securitiesi # Bills lU, 158,189 + 23,105 - 205,120 Certificates 6,81*9,716 +,1*6,150 - 921,921 Notes , 369,300. 'i- 226,300 Bonds ."','719,690 - 2,006 35,600 Total U, S» Government'' securities 22,096,895 + 67,255 -1,383,91*1 Total loans and securities'. 22,337,893 +123,381 : -1 ,396,206 Due fropi foreign banks ^ 102 + 19 F. R notes of other banks „ # 113,205 . - 5,053 11,788 Uncollected items 2,530,290 • - 33,,187 + 287,378 Bank premises ' ' :«31,881 971 Other assets .,57,277 3,571* ) 1 1 TOTAL ASSETS 1*5,766,801 +11*7,291* .+.1 ,177,1*00 L I AB I';L I*T I S S ,\ Federal Reserve*notes 2l*:,l6l,831' +17,063 / -. 176,891* Deposits: 1 Member bank --reserve account t 16;1*'07,571 - 20,895.. +• 1*71*, 203 U.S # Treasurer - general account" 1,265,056: • +212,387 + . 721*, 589 Foreign ' • 1*93,209 •; -,-.25,627* 208,751* Other 193,592 + 12,763* 51*, 851 Total depositor 18,659,228; +178,628 "+'-'• 935,187 Deferred availability items 2,£-32,1407 • - 5r,i|37' +; 361*, 353 Other liabilities including accrued dividends 15,518 + ' 'i,38l* + J*, 223 TOTAL LIABILITIES 1*5,068,981* +11*5,638 +4, 126,869 C A P I I A L! A Q C 0 U II T S Capital paid in' il95.27U 'lk 9,082 Surplus (Section 7) 1*39,823 +. 81,1*68 Surplus (Section IJb) 27,1*55 + 27 Other capital accounts . 37,265 I + 1,582 1*0,01*6 TOTAL LIABILITIES AND CAPITAL. ACCOUNTS 1*5,766,801 +11*7,291* +1 ,177,1*00 Ratio of gold certificate reserves to deposit; and F. R. npte liabilities combined hl.1% h.77° Contingent liability on bills purposed for foreign correspondents ; ' 1*,032 - 159 + U,o32 Commitments to make industrial loans 6,952 - 125 .+ sio •August 13 figures revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HJU STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS. ON AUGUS'T 2Q, 19^7 (In thousands of dollars) A S S E TS Total > Boston New York " Phila, Cleve*'" ^Rich.; Atlanta Chicago St,Louis Liinn. Eans.Cy. Dallas SanFran. Gold certificates 19,750,479 j752,905 6,530,427 ; 835,974 1 ^ 9 75 851,562 .825,50214107,120 558,002 544,964 613/8U8' ii73,9U2 2715,158 Redemption fund for F % R. notes ; 676,616: 55,67? ;. 117,550 '59,862 - 711,932 57,798 ,'- 43,095 90,294 it5,508 * 21,126 34,091 24,126 52,957 Total gold certificate. reserves 20,426,795 : 808,582 6,6k7,Tt7 895,836 1217,907 909,560 868,597 4197,414' 605,510 566,090 647,959 498,068 2766,115 Other cash 269,558 51,876 48,379 11,635 21,715 12,672 22,592 l|l, 062 15,5i9 7,265 8,075 9,159 59,413 Discounts and advances 259,204 15,315 59,525 18,984 27,552 12,005 11,400 21,812 23,778 12,128 9,903 1P,474 16,550 Industrial loans 1,794 3 1,791 U. 3. Govt, securities Bills -i. Hi. 158,189 950,297 2,878,855 1115,610 1446,617 1055,832 875,175 2075,507 682,303 446,344 769,584 545.910 1357,957 Certificates 1,804,205 452,032 678,811 417,048 345,746 845,517 569,22k 194,185 550,306 325,040 640,109 Notes 369,500 2U.23U 97,275 21^,571 56,598 22,^85 18,641 45,586 19,907 10,470 17,808 17,416 54,511 Bonds 719,6$0 47,228 189,565 47,495 71,522 45,.818 56,527 88,857 58,794 20,405 34,705 55,941 67,255 Total U.S.Government securities 22,096,895.1471/2.54 4*969,896 1639,708 2233,3118 1517,183 1275,887 50.55,447 1110,228 671,4p2 1152,405 920,507 2079,832 Total loans and securities 22,357,895 1486,570 5,029,221 1660,485 2260,880 1529,188 1287,287 5077,259 H54,oo6 685,530 1162,306 930,7.81 2096,382 Due from foreign banks 102 6 1/35 8 9 5 4 14 4 5 4 5 9 F.R.notesjOf other banks 113,205 * 5/187 19,825 6,088 5,122; 8,953 7,528 14,801 6,561 14,626 7,654 5,547 15,335 Uncollected items 2,536,290 265,05.6 Ii92.,i75 175,528. 235,963: 211,355 159,992 401,419 107,740 68,550 156,264 115,394 225,096 Bank premises .••.-... j 31,981 1,264 ;:'8,531 "5,107 5,784; 2,655- 1,500 5,Q56': 1,985 1,222 2^80 775 1,744 Other assets -f, • -,• 57,277 3,917 14,133 3*433 5.801; 3,481 3,050 7,485 . 5,4o6 1/607 2,628 2,667 5,681 TOTAL ASSETS 45,766,801 2&o,438 12,259,879 2756,121 3749,179 2677,667 2350,530 7742,488 1872,529 1142,673 1967,350 1560,394 5147,773 l/After deducting .£69,000 participations of other Federal Reserve Banks # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HJul(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 20, 191*7 t I A BI HUES (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Cb.ica.gd St.Louis Minn. Kans.Cy. Dallas SanFran, Federal Reserve notes 21*, 161,831 11*39.650 5.571*. 897 1652,1*21" 2093.928 1655. ll|2 1359.851* 1*552,250 1075.759 59L555 921*. 51*0 590,280 2671,757 Depositst Member bank-reserve acct. 16,1*07,371 732.589 5,051*. 1*17 795.022 1221*, 776 720,852 725,803 21*77,1*91 609.559 1*07,237 830,1*85 781*, 826 20l*i*-,3l6 U.S.Treasurer-general acct. 1,265,056 102,912 386,61*2 83.71*9 m.929 55,019 55,903 197.965 1*5,580 52,619- 52,928 *l,l*9l* 82,516 Foreign 1*93,209 27,90lt-l/197,1*02 35,227 1*0,1*1*6 21,510 17,831 59*11*6 15,221 10,875 ,- 15,221 ll*,552 58,276 Other 1*93.592' ,2,691* ~ 1*23.1*97 2,1*75 ?.Hi* 1.962 i*,590 -•3*7*1* 6,661* 1,960 • 216 1*!?6 58,250 Total deposits 18,659,228 ' 866,0^9 6,061,958 916,1*75 1581*, 265 797,11*5 80l*, 127 275&,3i6 675.021* 1*72.,689: 898,81*8 81*1,128 2205,158 Deferred availability items 2,252,1*07 138,859 1*02,259 11*9,551* 2ol*,5l*9 189,331* 155,870 555,958 95,299 52.565 H7.615 105,765 209,780 Other liabilities including ' accrued dividends 15,518 1,09 ;,1*50 1,015- 1,783 930 867 2,361 •; 667 538 765 663 1,387 TOTAL LIABILITIES 1*5,068,981* 21*95,700 12,01*2,561* 2699,1*63,3681*,525 261*2,51*9 2520,718 761*8,885 181*6,71*9 H2l4,5l*5. 191*1,568 1555,836 5086,082 Capital paid in 193,271*. •11,20Z* 68,138. 11*,501, 18,791* 8,158 7,1*57 25 o86 6,31*1* '- 1*,21*3 6,1*56 7,199 17,931* Surplus(Section 7) v 1*39>825 .27,557 136,-51*9: 3hn>: 1*1,39k 20,676 18,665 65,078 16,577 10,997 . 15,729 15,777 58.106 Surplus (.Ss c t i on 13b } f 27*^*55 3,012 7,255- 1,007 5,525 762 1,1*29 521 1,073 1.137 1.307 2,il*o Other capital accounts 2,965 5,11*8 3,1*59 2,979 2,750 li.OlO 2.538 2.015 2.I1I1O 2.275 3.511 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*5.766,801 251*0,1*38 •12,259^679 2756,121 371*9.179 2677,667 2350,530 771*2,1*88 1872,529 nl*2,673 1967,350 1560,591* 511*7,773 Contingent liability on bills purchased for foreign correspondents 1*,032. 258 2/ 1,290 327 375 19S 165 51*8 11*1 101 11*1 133 355 Commitments to make industrial loans 6,952 ., ; 966 1,353 88 27 51 580 3.750 157 F.R.notes outstanding: 21*, 8.66,01*2 11*97,71*6 5^726,296 1682,388 211*0,921 1699,520 11*05,383 1*61*6,025 1112,065 603,81*7 952,609 620,879 2778,365 Collateral for F.R.notes held by F.R.Agents? Gold certificates 12,158,000 1*1*0,000 5% 1*70, 000 500,000 655,000 610,000. -_ 570, 000 2860,000 300,000 181*, OOCL 280,000 169,000 2100,000 Eligible paper 77,521* 7,025 17,585 8,1*95 5,l*6o 19.21*5 8,890' 5,370 5,151* U.S.Govt, securities 13,687,852 1100,000 2,1*00,000 laco.ooo 1500,000 1105,000' 850,000 1800,000 907,852 1*25,000 700,000 500,000 1200,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within " 51 :to 61 to 91 days to 6 months 1 to 2 2 to 5 Over 16 to'" Total 15 days 50 days - 60 days 90 days 6 months td 1 ^ear years years 5 years Discounts and advances 239.2GI* ,198,599 i*,985: 26,925 6,695 Industrial loans 1.79U 1.271* 3 26 " 2? 53 HO 301 U. S. Govt, securities 22,096,895 i^28,?i!7 2,508/r^^ • 3,01*0,819 295^00 ll*8,350 53U,3iiO 1/ After deducting ^295,732,000 participations of other Federal Reserve Banks # 2/ After deducting $2,71*2,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis