H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday, morning, September 5» no* earlier) H.U.I September h, 19U7 CONDITION OF THE FEDERAL RESER.VE BANKS • m IM,,,,;•; mm, , .. , i> • • I, PI. , ,. X' During the week ended September; 3> member:'bank reserve balances increased ; $ 135*000,000» . Additions to member „b%nk reserves ^rbjse from increases pf $lU5,000,000 in Reserve Brink Credit and #2,000,000 "in Treasury currency and de creases of $L|.56#OOOOOO in Treasury deposits with Federal Reserve Banks and f 112,000,000 in Treasury ca$H, offset in part by increases of $i|ii7000000 in money f t in circulation and $32,000*000: in nonmember deposits and other Federal, Reserve ac counts. Excess reserves .of member banks, on September 3 wjere estimated-to be approxi mately $8^0,000,000. Holdings of loans,-discounts and advances decreased j$9,000,000, while holdings of United States Government securities increased $117,000,000. Th# increase in holding-s of-United. States Government securities reflects ,ajs increase of * $107,000,000. in ^^rtificates and $10-,p00,000 in bills. Changes in member bank reserve; balances arid related items dujring the week and. the ye&rj ended September 3** 19U7»!w®r? as follows: Increase or decrease since Sept. 3, Aug# 27, Sept. k> 19U7 ' 19U7 19U6 -^"JiW millions of"" d;o liars") U. S. Government securities - 1,163 •+'117 Loans, discounts, a nd advances •'• 127 .;; 9 - I65 Other Reserve Bank credit t + -37" 59 Total'Reserve Bank credit 22,623 + 1^5: - 1,388 Gold-.stock '21,765 1 + 1,1+81 Treasury currency + 2 + 9 Membeir bank .reserve balances 16,628 + 135 + 639 Money in circulation + I4U7 + 2U3 Treasury cash 1,323 - 12. - 958 Treasury, deposits with F. R. Banks - U56 + 166 Nonm&ftbejr deposits and other F* R* accounts 1,781i + 32 + 12 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF COHDITjqN H.li.l(a) OF-THE TTiELVE FEEBflAL RESERVE Mi?KS COMBINED (In thousands of dollars) Increase or decrease since September »3t : August 27, September U, ; w . '' 1199UU77 " I9U6 ii m '! *"•' A S S "B T S Gold certificates' ,ip,8U^672 /+. :5;ii8o *2,516,7UU Redemption fund for F; R«'4iotes • ' 68UU3 :• V= %>$oy_ - 78,885 Total gold certificate reserves 20,53^,145 ..;: + ?,981 , +2,1*37,859 Other c ^ a sh ! 1 • , "j U 1 J 1 1 • 2jfl[,9i6 : -27,817 ' - '52,033 Discounts and advances. 125,021 -•%,sw: •* 166,28U Industrial loans 1,808 •r*;-: -23 + 670 Acceptances purchased — - 10,316 U. S. Govt, securities: •• Bills 1U,158,820 :, + 10,292 - 565,897 Certificates 76,976,216 "•+107, ooa - 335,193 Notes •1 369,300 •.---..• " - 226,300 Bonds 719,690 «•#»«• ^Z 35,600 Total U. S. Government • — > securities fa, 2&,0>26 » +1X7,292 -1,162,990 1 4 Total loans an4 securities '22,350,855 +107,730 -1,338,920 Due from foreign/banks » . 102 ~- + 19 F; R # notes of other'.^anks* 101,676 •.19,222 r "Ik,127 Uncollected-itejjKS 2,365,562 +1114,197 .+ 277,770 Bank premises 31,80U 111 - - 968 Other assets .' 53,517 - - U,989' + '.- U,926 TOTAL ASSETS U5,669,5U7 :• +179,839 •+1,^,526 L I A B IL I I |E 3, j n Federal Reserve notes 2ii,622,738 1 + 3 ^ 2^ ;v + 466,177 Deposits* •: *' * #• »/ »<s • < Member bank - reserve account 16,627,511 •. *13U,*# y+ 639,002 U,S„Treasurer «• general account U59,209 ... -456,028 + U66,223 Foreign 569,j690 <• + 28,857 - '38,1U9 +; us -• Other t 579,-805 ... T, ,2-Ji25 Total deposits .. .. . f 1 U 8 Ml , 11 2 !• 3 «»» 6 i|ill , |i 2 ll 1 f i 5 ||| IIIM { IIIII j 1 1 - 111 • -2^.131 + .767,121 x Deferred availability items 2,093,308 ., + 76,U29 + '326,512 Other liabilities including-accrued- *• dividends • - ' - 16,320 •; **• -.175 '"^ + ^.238 TOTAL LIABILITIES. 1^,968,581 +178,'375 ' .-+l,26U,OU8 C A ? I T A L A;C C 0 U N T S 'Capital paid in •« 193^306 +• 18 ' + 9,026 *Surpius (Ssotion. 7) • k39,823 ..*' .r-r " + 8l,U68 Surplus (Svecti"dn 13b) ,: 27^55 + 27 . Other capital accounts . UOi382 "••y i,4U6 - U0,0U3 TOTAL LIABILITIES AND CAPITAL ACCOUNTS U5,'669)5ii7 : +179,83)9 ; +1,31U,526 Ratio of gold certificate reserves to deposit arid Pjj R. note liabilities combined hl.9% - • " ;l% h.1% i Contingent liability on-bills purchased, "A m for foreign Correspondents 3', 877' + 3,877 Commitments to maiif industrial loans: 7j,a8U:\ + 1,513 ••+•. '. :-30 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l>.vl(b) STATEMENT OF CONDITION OF TIE FEDERAL EEoERVE BANKS ON SEPTEIIBER 3, 191+7 (In thousands of dollars) A S S E TS Total Boston New York Fhila, Cleve* Rich, Atlanta Chicago St,Louis Minn. Kans.Cy. Dallas SanFran. Gold certificates 19,81*6,672 721,133 6,739.215 821,171* 1122,691 861,537 782,638 1*098,659 568,656 31*8,192 596,868 1*85,001 2700,910 Redemption fund for F. R. notes 687,1*1*3 55,533 116,813 61,117 75^238 58,866 1*5,958 95.090 1*5.259 -21M& 3M5ii 25,0^7 52,8?7 Total gold certificate reserves 20,531*, 115 776,666 6,856,026 882,291 1197,929 920,1*05 828,5961*191,71*9 615,915 369,793 632,922 510,088 2753,757 Other cash 231,916 22,260 1*2,501* 10,31*5 20,719 11,810 16,185 56,691 12,1+05 7,1*55 7.521* 8.571* 55.1*66 Discounts and. advance-s 125,021 9,578 35,11*5 9*1*50 11**1*83 8,551 6,200 11,532 13,51+5 1,12a 7,502 . 1,299 6,830 Industrial loans 1,808 3 1,805 U. S. Govt, securities: Bills _, 11*, 158,820 927,123 2,755,51*3 1122,310 11*1*9,366 1071,027 92I*,681* 2060,772 675,989 1*65,675 776,516 51*2,501 1591,711* Certificates 6,976,216 1*58,301 1,835,101 1*61,1*31* 691,051* 1+25,021+ 352,1*18 861,756 375,555 197.767 556.1*51 528.61+5 652,712 Notes 369,500; 2l+,26l 97,11*5 21+,l+27 36,585 22,1*99 18,656 1*5,619 19,881 10,1*69 17,811 17,397 31*, 552 Bonds .719,690." 1*7,280 189,315 l*7t603 71.292 1*5.81*6 36,357 flfl,9flg 5ft, 7Wt 2Q.liQ2 3iUZC9—55,.9^» 67,356 Total U.S. Government securities 22,221*,p26 11*56,965 i*,877,l0i* 1655,771* 221*8^95 1562,396 1352,115 5057,pl*9 1108,169 692,513 1165,287 922,21+5 211*6,311* Total loans and securities 22,350,855 11*66,51*6 1*,912,2U9 1667,029 2262,778 1570,727 1358,515 3068,581 1121,712 695,1*1*1 1172,789 925,51*1* 2153,11^ Due from foreign banks 102 .-6 1/33 8 9 5 1* 11* 1* 3 1* 3 9 F.R.notes of other banks 101,676 > 5,095 15,819 3,9U8.- 6,000 8,51*9 6,812 15,915 i+,598 12,51*8 7,^90 2,835 H*,271 Uncollected items 2,365,562 195,921* 1*65,21+9 15l*,275 '207,569 217,926 161,661 351,683 111,003 68,1*73 132,909 98,019 202,873 Bank premises 31,80i* 1,259 8,312 3,101 5.775 2.61*8 1,1*97 5*050 1,979 772 1,738 1,219 2,1*71* Other assets 55,517 5,3l*2 13.170 3,275 5,680 5,218 2,81*1* 7,001 5,256 2,51*2 5,272 1,1*72 2,1*1*7 TOTAL ASSETS 1*5.669,51*7 21*71.096 12,311,362 272>. /268 370l*,i*59 2735,-086 2555,912 7672,662 1868,672 I15i*,58l* 1958,759 151*6,377 5166,510 k ij ,After deducting $69,000 participations of lother Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.k.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 3, 19^7. L I A B I L I T I ES (In thousands of dollars) • .; v Total' Boston New york Fhila. Cleve. Rich. Atlanta Chicago St.Louis ; tlinn. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,622,738 11465*679 5,649*474 1662,508 2127,754 I70i4*022 li4C6,637 14615,550 1101,992 664,545 950,091+ 617,347 2717.536 Depositsj Ueniber bank-reserve acct. 16,627*511 713,192 5*201,551 795*573 1227,106 714*612 726,216 2530,052 594,509 432,1+146 827,748 783*784 2080,722 U.S.Treasurer-general acct. 459,209 28/713 136,O1+2 23*853 1+2,602 54,881+ 10,220 59*097 25*387 -24*971 10,982 15.-930 32,528 T/ Foreign 569*690 33,251+ 2/217* 034 1+1,998 48,221 25,407 21,259 70,516 18,147 12,963 18,148 17,110 45.633 Other" .. ' 579*805 -2,203 . • '503,135 1,285 8,376 3,7.12 4,592 4,684 r8,ii+o 2,655- i.-g.5Q 96£ 3^.' 431 Total deposits 18,236,1215 777*362 6,051,762 862,709 1326,305 790*015 762,287 2661+,349, 6146,183 473*015 " 858,128 817,786 21987314 Deferred availability items2,093,308 181,984 389,402 li+l,221 183,338 196,643 156,193 296,359: 93,866 : 57,669 123,791 : 85,745 187,097 Other liabilities including accrued dividends 16,320 1,138 2,691 ; l,ll+9 2,003 1,101 980 2,551 7I+2 ^ 69I 81+4 798 1,632 TOTAL LIABILITIES 44,968,581 21>26,163 -12,093,329 2667,387 3639,4oo 2699,781 2326,097 7578,609 181+2,783 1135,920 1932,857 1521,676 510l+,579 Capital paid in. 193,5C6 ll,2o4 68,143'^ 14,302 18,802 8,i4o 7,437 23,089 6,347 . h,2h7': 6,458 .7*202 17,935 Surplus (Section.7) 439/823 • 27,557 136*549 34,720 4l,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 1,1+29 521 1,073 * ' 1,137 1*307 2,l4o Other capital accounts 4o,382 3,160 . 6,088 3,370 3*856 3,164 2,953 4,457 2,444 2,11+7 . 2*578 2,415 3*750 TOTAL LIABILITIES AND . . ~~" ~ '. ' T CAPITAL ACCOUNTS j 45,669*547 2471,096 12,311*362 2724*268 3704,459 2735*086 2355*912 7672,662 1868,672 1154,3841958,759 1546,377 5166,510 Contingent liability on bills purchased for foreign correspondents 3*877 2l•» 8 •—" £ A,2l+•0 ^ 36! 527 6 97 136 128 34l 51 190 159 15 Commitments to make industrial loans 7,484 952 1,491 97 1+27 , 30 580 3*750 157 ?. R. notes outstanding 25,227,672 1508,016 5,781,664 1698,698 2168,408 1731,012 1450,823, 4,700,906 1150,377 616,316 970,833 6142,243 2808,378 iollateralfor F. R. notes held by F. R. Agentss - Gold certificates 12,168,000 440,000 3,470,006 500,000 670,000 610.000 535,000 2950,000 300^000 194*000 280,000 169,000 2050-000 Eligible paper * . 70,694 7,696 25,705 7,C60 — 6,635 — — 12,510 390 6,1:70 4234 U.S.Govt, securities 13,584,812 1100,000 2,1*00,000 1200,000 1500.000 1130.000 950-000 1800,000 879,812 1+25,000 700,000 500,000 1000,000 MATURITY -DISTRIBUTION OF LOANS Al© SECURITIES Within 16 to 31 to 6: to! •• 9l 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 ,125,021 89*014 19*531 14,099 2,377 Industrial loans 1,808. .1 1,288 ; ' 3 2 25 26 53 110 301 U. S. Govt, securities 22,224,026 3,697*923 2,327; 481 4,112,927 14,571*292 3,021,880 3*514,433 295,400 148,350 534,3^+0 l/ After deducting #352,580 participations of other Federal Reserve Banks. 2/After deducting *2,637,000 participations of other Federal Reserve. Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis