H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF .GOVERNORS OP THE. FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, August 2$; not earlier) H.UVl August 28, 19U7 CONDITION OF THE FEDERAL RESERVE BANKS . During the week ended August £7; member bank reserve balances increased $86,000,d00« i Add it ionsi; to .member hank reserves arose from a* decrease of • 1350/000,000 :in Treasury deposit? wi^th Federal Reserve Baiiks; and an increase of $100,000,000,tn .gold stocky offset in part Iby a'decrease*'of ^158,000,000 xn Re serve Bank credit and increases of $63,000,000 in money in circulation, ?:5*000,000 in.Treasury cash and £138*000,000 iri nonmember deposits and .other Federal Reserve accounts* Excess reserves; of member bariks on August 27 were estimated to be approx imately $350,000,000% "' Holdings of loans, discounts and advances decreased 0105,000,000.while holdings 'of,IJnited States Government securities increased ^10,000,000# The increase in Holdings of '< United States Cr&vernftent securities reflects-'an increase of $20,000,00© in-certificate^anil A\ decraase <of §10,000,000 in bills* Changes in member bank reserve balances and related itenis du'ring the week andvthe.year, ©niied August'27, 19U7,:wQr® as follows; Increase oa* decrease • since AMg. 27, Aug. 20, Aug, 20, 19U7 ;- 19U7 19U6 • ' i"—•** m • >•> IHM» "«• ' (m.;m illions of di0 liars) U* .;£>• Governmeht securities 22,107 + ' 10 -: .1,1+99 Loans, discounts and advances ' 136 ' - • 105 -;" 81 £jther Reserve 'Bank credit 235 - 63 ' - U3i Total Reserve Bank credit 22,1+78' - 158 : Gold stock 21,766' +, 100 + 1,1+86. treasury currency l+,550 1 + 7 Member/bank reserve balances 16,1+93 . , + 86 +. 626 Money.in circulation; 28,302 + 63 '• - ;7l+ Treasury cash, : "1,335 + 5 - 939 Treasury deposes with; F> R# Bankf .r 915. - 350 "+ 295 t 'Nonmember deposit** and 4 ojbher;F£'Rj> accounts •l,7i+9 + 138 - 39 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE TOELVE FEDERAL RESERVE BAHKS COMBINED HJuKa) (In thousands of dollars) Increase or decrease since August 27,. August 20, August 28 $ 1947 194,6 A S S E TJ[ '•'- Gold certificates/ 19,841,192 •+ 91,013 +2,507^33 Redemption fund fdr F*R, notes _ 682,942 + 6,326 - •:;.i80,8l;9 Total gold certificate reserves 20350317 + 97,339 +21^5827 Other cash 259,733 :-. 9,625 • hi ,200 Discounts and advairrces , 134,560 -roi+,.614 81 ,it?U Industrial loans 1,831 + 57 756 Acceptances purchased . lh*U99 U. S^ Govt* securities; Bills l4,ll±&,528 - 9,661 327.l4.3U Certificates 6,869,216 + 19*500 910,1*21 Nobes | 369,300 226,300 35,600 Bonds - i 719.690 Total U S Government t t 22,106,731+ •' +••• '?;&% . -1,1499,755 securities l '^ *"* Total loans and s r ,ecui;ities 22,210,125 - 9h,7ft. -1,595,272 Due from foreign hanks 102 + 19 F, R. notes of other hanks 120,898 + 7,695. 6,511 Uncollected items 2,251,j65 -278,925 + 216,767 Bank premises 31,81+5 36 958 Other assets^ ^ •58,506 + 1.229 + . U,390 ;l45,U89,708 • -277,093 +1,003,819 TOTAL ASSETS L I A B I L T T i E S . Federal Reserve notes 24,225,486 v" +63,655 * 121$,5kf- Deposits; lumber bank-re serve, account * * I6,li93*0li6 + 85,,675 + 625,730 U ,S Treasurer' ~ general account 915*237 -3if?,8l9 + 294,937 t # Foreign &0.833 + tti&k 89,863 Other 582,230 f 88,638 790 Total deposits. 18,531,346. -127,882 + 830,014 Deferred availability items . • 2,016,879 •- -215,528 + 21*5,817 Other liabilities including*accrued dividends 16,495 977 14,105 TOTAL LIABILITIES - 2^,790,206;; -278.778 + 953.387 L C A P I T AL ACQ 0* U N I S Capital paid in , ., 193*288' ih + 9,078 Surplus (Section 7) ^39,823 + 81,1468 'Surplus (Section L$b) 27,1)55. + 27 Other capital accounts . . „ 38,936.; 1,671 - ij0,l!4l v TOTAL LIABILITIES AHD CAPJTAt ACCQtJHTS 145>1489,708' -277,093 +1,003,819 Ratio of gold certificate reserves to deposit and F R .note # f ; liabilities aombined "', , MM- 5M Contingent liability on;bill$ purchased for foreign correspondents 1+,021: 11 4,021 Commitments to1 make industrial loans l,h5k 502 1,395 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(b) STATEMENT;0F QOKDJTIOM ."OF TjHE FEDERAL Ri^ERVE BANKS ' ON AUGUST 2?, I947 (In thousandEf of ,dollars) '•>, " A S S E TS Total Boston New York Philai": Cleve. Rich^ Atlanta Chicago'St.Louis Minn. Kans.Cy, ''Dalias SanFran. i Gold certificates 19,841,192, 742*254 6,667,210 807,005 1153,655 855,331 804,7744105,229 56^*68? 353,005 597,583 470,038 2715,441 Redemption fund f or , . ' ; « ,• •' ,. - .." ; . '* . "; F. R. notes 682,942 ' 55,553 :;il6,8l3 60,117 75,238 56,866 45,958 95,090 45,259 21,101 :56,054 ~24,Q87 52,826 Total gold certificate ' * " : . - ~ .• reserves. 20,524,134 797,787 6,784,023 867,122 1228,873 912,197 850/732 4198,519 614,946 574,106-653,637 494,125 2768,267 other cash.:'; 259,735-27,559 47,029 12,009 19,371 13,263 20^396 40,971 14,389 8,094 3,599-10,101 58,152 ; Discounts and advances 154,560 10,828 53*^5 9,460 15,822 8,856 6,200 10,812 . 15,798 1,128 , 5,152 6,349 12,750 ; Industrial loaas 1,851 3 — 1,828 U. S. Govt, securities: Bills ;'•'*• 14,148,528 943,553 2,798,087 1152,283 1452,7501054,580 896,4202052,675 685,946 457,860.782,595 560,756 1553*243 Certificated 6,869,216 450,8521,808,967 453,481680,699 418,277 346,775 848,021 370,200 194,738 331,252 325,905 642,051 Notes ? 569,500 24,239 97,253 24,380 56,595 22,487 18,645 45,591 19,905 10,469 17,809 17,415 34,516 Bonds ;•> 719.690 47,236 189,526 47,511 71,517 ,43,825 56,551 88,847 38,786 20,403 54,706 53,956 67,268 Total U.S. Government i: * * • •"'': ' . . . f * .. y .. i * , . , , securities- 22,106^734 1465^880 4,893>833 1677,6552221,561 1559,167 1298,169-. 5015,134 1112,85^ 685,47Q 1166,162 955,988 2097,080 i: . _ , _ _. r. . , . .. _ - * - * -- . ,__-, Total loans and * * '. " ' • - ' •: - -; --, securities * 22,243,125,1476,711 4,927,278 ' 1688,9432237,183 1548,005 1504,569 50&,946 1^26,655 684,598 1171,5l4 942,557 2109,810 Due from foreign banks • ','•' 102 6 1/53 • i S^ ^ 9, 5 '4 '-.; ; |4 4* . '3-' * 4 5 5 9 F.R. notes of other banks ; I2e;898 " 7,599 n8,979. 5,725! 5/323 : -8,226 . 11,707 35*20,7 7,452 ^ 2 ?9 J 7,953 3,435 16,022 Uncollected items 2,251,565 176,466 430,453r lW»754 205,898: ,209,709 154,922 3^0,195 197,629 62,5<5|*ll8,546 116,856 210..452 Bank premises ' 51,845 1,259 8,551? £,101 5,784 2,648 1^497 ""-3,050 i 1,985' 1,219 2,480 "775 1,738 other assets 58,506 3,658 l4,94o d,5l4 5,96o 3,565 5,036 :7,394 \ 3 Ml 1,65$ 2,720 2,808 5,789 -i •_!! t- : ;—,—,—^ ;_; ,—„—,—_i— , , ,, :_.—-—.—_J, -^— ; _ TGTAL ASSETS 45,489,70B'2490,845 12251,057 27238,1565706^01 2697,614.2526,665 7651,076 1866,505 1145,46^45,255 1570,440 5150,239 1/ After deducting $69 ^000 'jfarticip&tio 12s ~ef *other Federal Reserve -Banks * Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

5.lul(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 27, l7^ (In thousands of dollars) L I A B I L I T I ES Total Boston HewTork Phlla Cleve^ Rich. Atlanta Chicago,; St»£buis Minru 1i ans.Cy. Dallas SanFran, # Federal Reserve notes 2l^225Mihp*i&, 5J99©4§6 16*4,913 210^20^ l66i*,232 1365,31*5 1*560,361.1076,838 :59l,945 926,183 593,399 2671,730 Depositst .. * * i- *~~ Liember bank-reserve acct . I6,495»0ii6 744.896- 5,091,668 797,165 1221,477 752,551 725,6145 2469,012 604,055 419,549 828,794 789,612 2C68,9C6 U S.Treasurer-general ac cctt.. 991155,,^^5577 6655,,669999 ,,225577**222299 5588,,557777 7722,,119999 5544,,558877 ii»»44,,555599 115500,,886655 47,249 44,590 37,7144 39.558 62,821 # Foreign 5544oo,,883333 33ll»»662222"" 22//220055,,551188 5599,,995555 4455,,884499 2244,,115577 2200,,221155 6677,,004488 17,255 12,525 17,255 16,269 45.589 Other ^82,250 . 1,474 510,916 2,159 7,254 1*955 4,471 4,l4l 7,169 2,031 l,0i{8 1,217 58,455 Total deposits 18,531*3^ 845,691 6,065,275 897,814 15lj6,779 812,808 794,866 2671,066 675,726 - 478,495 884,84L 846,456 2215,551 Deferred availability items20l6,879 162,050 35U^8D5 130,503 188,622 18^285 135*761 303*282 87,319 55^948 107,501 105,216 201,589 Other liabilities including - r: vi accrued dividends' , ; 16,495 1,052 3,210 1,127 1,949 1,031 974, 2,561 74b 687 845 761 1,558 TOTAL LIABILITIES 44,790,206^445,975 l2;oi5,l*l42 2671,557 364l,554 2662,556 2296,9*46 7557,270 1840,625 1127,075 1919,570 1545,812 5088,1428 Capital paid in 195,288 ll,20l4. 68.136 l4,501 18,795 8,140 7,457 25,088 6,3l46 4;247 6,458 7,202 17,954 Surplus (Section 7) 459>823 "27,557 156,549 54,720 4l,594 20,676 18,665 65,078 16,577 10,997 15,729 13,777 38,106 Surplus (Section 13*0 27,455 5,012 7,255 4,489 1,007 5,525 762 1,1(29 521 1,075 1,157 1,507 2,i4o Other capital accounts 58,956 ,5,097 5,677 ?,289 5,651 5,117 2,855 4,211 2,436 2,071 2,559 2,5142 5,651 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,489,708 2496,845 12,251,057 2728,156 5706,4oi 2697,6142526*665 7651,076 1866,505 1145,461 1945,255 i5?o,i44o 5150,239 CCoonnttiinnggeenntt lliiaabbiilliittyy oonn bbiillllss ppuurrcchhaasseedd ,, 00// ffoorr ffoorreeiiggnn ccoorrrreessppoonnddeennttss 11±±,,002211 225577 ..iirr 11,,228855 332266 337744 119977 116655 55^^77 i4i ibi i4i 155 554 Commitments to make industrial- ;\: ^ loans - 7,454 — — - 928 1,495 89 lt27 50 580 — 5.750 157 F*R* notes outstanding •24,911.249' 1505,829 5,758,665 1685,654 2145,902 1702,185 l4ll,2l46 4656,615 1111,575 6.04,398 950,998 621,518 2776,890 Collateral for F«R notes - # ; held by i\ R. Agents: -.! ' Gold certificates .12,068,000 440,000 5,470,000 500,000 655,000 610,000 520,000 2890,000 500,000 184,000 28O>0C0 169,000 2050,000 Eligible paper . 74,564 8i94o 24,005 . 7,070 — ' 7,140 ;.- — 12,765 390 4,120 10,154 U»S Govt. securities 15,524,915 1100,000 2-,4po,ooo 1200,000 1500,000 1105,000 900,000 1800,000 894,915_ 1425,000 700,000 500,000 1000,000 # ; "" ':• ~ - ' MATURITY DISTRIBUTION OF LOANS AHE) SECURITIES' : Within . .16 to 51 to ' 61 to ' 91 days to 6 months5 • 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 134,560 96,099 16,571 15,660 6,450 — — — — Industrial loans --- 1,831 1,511 5 — 26 27 55 110 501 !U $• Govt* securities 22,106,734 4,454,208' 2,527,022 4,550,964 4,221,109 2,712,022 3.083,519 295,400 148,550 554,54o l/ After deducting $335*21*0,00$ participations of other Federal Reserve B$nks# ly After deducting $2,736,00(5 participations of other Federal Reserve Banks• Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis