H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD 0? GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning,. September 26} not earlier.) U.kn September 25, l9it7 CONDITION OF THE FBDEHA.L RSSEhVE BANKS • • ll Willi > Wil^l MHIHI'IXW IH I ••111 Mil ..Ill •• Wl <» • During the week ended September 2l±, member bank reserve balances decreased $297,000,000* Reductions in member feank reserves arose from increases of 0560,000,000 in Treasury-deposits with Federal-Reserve Banks and $13,000,000 in Treasury cash, offset in part by increases of ^179,000,000 in Reserve Bank credit, 015,000,000 in gold stock and $2,000,000 in Treasury currency and decreases of $77,000,000 in money in circulation and $3#000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on September 21* were estimated to be approximately $950,000,000. I Holdings of loans, discounts and advances decreased $11,000,000, while holdings of United States "Government securities increased v362,000,OOO The in f crease in holdings of United States Government securities reflects an increase of 0375*000,000 in bills and decreases of.$10,000,000 in certificates and $3,000,000 in notes,- Changes in member bank reserve balances and related items during the week and the year ended September 21;, l<)kl$ v/ere.as follows: Increase or decrease since Sept* 2I4, Sept* 17# Sept. 25* 19^7 I9hl I9k6 (In mi Hi one5 of dollars) U, S* Government securities 22,118 + 362 -1 ,7iiS Loans, discounts and advances 121 / 11 - 17U Other Reserve Bank credit 33k - 173 - 90 * To^al Reserve Bank credit 22,573 + 179 -2 ,012 Gold stock 21,950 + 15 +1. ,0x9 Treasury currency 1^,552 + 2 + 5 Member bank reserve balances 16,831 _ 297 + 856 ;tfi' ,ey in circulation 28,556 - 77 + 108 V Treasury cash '1,319 + 13 - 960 Treasury deposits with F R Banks 800 + 560 - 128 M # Nonmember deposits and other F R accounts 1,569 - 3 - 233 # # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEHBlif •0r"?CQKD'rifiPB OF THE TYJ3LV3 FEDERAL KE3ERVE MMiS COUBIMSP lUul(a) >( In thousands of dollars) Increase or decrease since September ip" September 17, September 25, 19U7 19U1 19^6 A S S E T S Gold certificates 20bl7^674 - 1,996 +2,690,1*96 f Redemption fund for F # R* notes •• '705,068 - U59 - 61*, 51*9 Total gold certificate 'reserves 20; 722,71*2 - '2,1*55 +2,625,91*7 Other cash 259,082 + -6,578 - 1*0,562 Discounts and advances 118;,6U6 -11,133 - 171*, 862 Industrial loans • l',901 + 72 + 870 Acceptances purchased 3.558 U. S. Govt* securities: Bills 15,910,979 +371*, 762 - 828,525 Certificates 7,015,916 - 9,500 - 759.1*95 Notes 1*71,800 - §,500 - 123,800 Bonds 719,690 - 55,6oo Total U» S« Government securities 22,118,385 +362,762 -1,71*7,1*18 Total loans and securities 22,238,952 +351,701 -1,921*, 71*8 Due from foreign banks' 99 7 F. R. notes of other banks + 521+ 1*,83S 131*. 758 Uncollected items -535,755 + 287,795 .2,727,757 Bank premises + 1,1*01 + 522 35,261* Other assets ; 519 * 5,302 1*9.1*50 TOTAL ASSETS -176,525 + 9l*7,U25 U6,l66,o6U L I A B I L I T I ES Federal Reserve notes ,2U,1*89,812 - 76,085 + 73.516 Deposits: Member bank - reserve accourit 16,850,557 -297,1*1*8 + 855,955 U.S.Treasurer-general account 799,663 +559,269 - 128,1*00 Foreign 1*00,720 - 31,1*18 - 266,921* Other 523,!5Q7 + 25,821 - 20,858 Total deposits 18,55l*,l*l*7 +256,221* + 1*59.755 Deferred availability items •2.395.-983 -361,053 + 571*. 826 Other liabilities including accrued dividends 20,899 + 2,301 7,582 TOTAL LIABILITIES 1*5.1*59,11*1 ' -178,613 + 895,707 C A P I T AL A C C O U N TS Capital paid in 193,14*2 20S( + ; 9,228 Surplus (Section 7) + -61,1*68 1*39,823 Surplus (section 13b) 27 27,1*55 Other capital accounts H 2,070 •- -39.005 1*6,203 TOTAL LIABILITIES AND CAPITAL ACCOUNTS •176,523 + 9347,1*25 1*6,166,061* Ratio of gold certificate reserves to deposit and F. R, note k8;.lfo 5.6fo liabilities combined 4 Contingent liability on bills purchased for foreign correspondents 3,125 111 +. 3.125 Commitments to make industrial loans 7,1*00 67 + 1,1*59 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l*.lj(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAi'KS ON SEPTEMBER 21*, I9U7 (In thousands of dollars) A S S E TS Total Boston New York Rhila. Cleve. Rich. Atlanta Chicago St.Louis Mi-nn. Kans.Cy-. Dallas SanFran. Cold certificates 2o,017,671* . 728,50i* 6,858,791* .832,076 111*6,166 825,083 722,770 1*508,739 575,151 351,212 589,813 1^67,086 263§,280 Redemption fund for ; F. R. notes 705,068: 55,175 120,329 60,1*71,75,196 63,219 51,556 97,581 1*5,ill ,22,051 35,9**6 25,988 52,1*1*5 Total gold certificate reserves 20,722,71*2 783,679 6,959,123 892,51*7 1221,362 888,302 77l*,526 1*1*06,520 620,262 373,263 625,761 1*93,071* 268l*,725 other cash. 259,082' 2>*,5o6 1*2,61*5 13,512 20,1*52 13,71*3 2o,810 39,687 11,236 8,21*1* io,62l* 10,660 1*3,183 Discounts and advances 118,61*6 1*,267 15,975 1*,H*0 21,036 11,781 8,750 8,032 17,622; 10,828 11,232 l,27l* 3,707 industrial loans 1,901 1,865 36 ' —* U. S. Govt, securities: Sills 13,910,979 91*0,006 2,537,61*5 111*2,379 11*38,301 1105,625 978,351* 1872,396 682,525 1*59,391* 765,001* 567,673 11*21,687 Certificates 7,015,916 1*61,1*61 1,81x2,896 1*65,213 69l*,667 1*27,71*1 35l*,737 867,31*2 377,161 198,885 338,1*16 330,116 657,281 Botes- 1*71,800 31,032 123,929 31,281* 1*6,715 28,761* 23,855 58,326 25,363 13,375 22,758 22,199 1*1*,200 Bonds 719,690 ii7,337 . 189,01*3 '1*7,721 71,259 1*3,877 36,389-88,972, 38,689 2o,l*o2 3l*,7l5 33,863 67,1*25 Total" IT. S» Government. securities 22,118.585 ll*?9,836 1*,693,513 1686,597 2250,91*2 1606,007 1393,335-2887i026 1123,73.8 692,056 1160,893, 953,851 2190,591 Total loans and securities 22,238,932,11*81*, 103 1*;709,1*88 l692,602 22?1,978 1617,821* 11*02,085 2895,058 111*1,362 702,881*1172,125 955,125 2l9i*,298 Due from foreign banks 09 6 l/ 30 8 9 5 1* ll* 1* 3 h 3 9 F.R. notes of other banks 13^,758 '•; l*,90l* - 2"i,i*73 - 6,521 6,7^6 11,31*7 12,351 ' 17,095: 8,312 11*633 9,083 5,21*1 20,052 Uncollected items -, .; 2,727,757 2ih,89l 509,509 192,076 268,21*8 250,770 165,238 1*03,605 120,329 79,601 11*1*,919 115,960 262,611 Bank premises 33,261* 1,259 8,312 : 3,127 5,189 2,61*1 l,i*97; '3,056' 1,979 1,219 2,1*71* 773 1,738 other assets 1*9,1*50 '.. 3,226 12,093 5,015 1*,992 3,126 2,607 6,1*99 5,077 1,275 2,366 2,319 1*,835 TOTAL ASSETS '1*6/166, p6i* 2-516,371* 12,262" 675 28p3,1*08 3790,956 2787,758 2378,918 7771,331* 1906,561 1170,122 1967,356 1583,155 5211,1*1*9 l/ After deducting $69,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l*.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 22*, 192*7 (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 Minn, Eans.Cy. Dallas SanFran. Federal Reserve notes 2i*,l*89,812 Hiii7,.7ti8 5,62o,.l69 1658, did. 2120,269 1717,873 1397,085 14589,857 1100,992 609,982 937,551 612,150 2,6?8,08t Deposits: Member bank-reserve acct. 16,850,557 733,860 5,230,7814 829,368 l2UT,90li 72+8,2624 720,935 2§57.639 607,505 100,720 826,073 788,226 2095,681 U.S.Treasurer-general acct. 799,665 58,170 161,793 63.1*27 914,876 53,011 1414,917 118,565 36,555 27,81*8 35,1406 57,561* 69,551 Foreign 1*00,720 22,6^9 1/ 160,695 28,577 32,810 17,287 Ii4,it65 itf.981 12,52+8 8,820 12,51*8 11,6)42 51,100 Other 523,507 U>4oo 1441,995 1,998 6,623 3,317 1,661 6,1*06 8,677 2,026 931 1,307 i*i*,l66 Total deposits 18,5514,1*147 819,079 5,995,265 923,970 1562,215 821,879 781,976 2730,591 665,085-1*82,1*11* 872,758 858,739 221*0,1*78 Deferred availability items 2,595,985 202,996 1*22,701 162,702 228,61*6 211,001* 168,1*57 555,11*0 115,1*18 66,193 129,853 106,1487 228,586 Other liabilities including m. accrued dividends 20.899 1.120 5.100 l.yft 2.105 1.2LQ 1.106 2,9?2 ML ,899 828 2.QQli TOTAL LIABILITIES 1*5,1459,1^1 21*7o,9it5 12,01*3,565 271*6,079 5755,233 2752,005 231*8,711* 7676,520 1880,352 1159*209 192+1,061 1558,201* 51149,01*6 Capital paid in 193,1*1*2 11,212 68,170 ll*,502 18,807 8,11*3 7,1*1*5 25,151* 6,51*3 14,267 6,1*67 7,211 17,923 Surplus (Section 7) 1439,823 2.7,557 136,5149 514,720 1*1,5924 20,676 18,663 65,078 16,577 10,997 15,72? 15.777 58,106 Surplus (Section 15k) 27,1455 . 3,012 7,253 14,1+89 1,007 3,325 762 1,1*29 521 1,073 1,137 1,30? 2,11*0 Other capital accounts 1*6,205 5,650 7,136 3,818 1*,515 5,609 5,556 5,155 2,788 2,31*6 2.962 2.656 1+.251* TOTAL LIABILITIES AND CAPITAL ACCOUNTS ^ I*6,l66,p6l4 2516,371* 12,262,675 2805,1408 5798,956 2787,758 2578,918 7771,55k 1906,561 1178,122 1967,356 1583,155 52ll,l4l*9 Contingent liability on bills purchased for foreign correspondents 5,125 200 2/1,000 253 290 153 128 4425 110 78 110 103 275 Commitments to make industrial loans 7,1*00 892 1,U91 78 -I427 29 580 3,750 153 F R. notes outstanding % 25,2524,169 1502,628 5,769,759 1705,702 2185,087 1762,080 1242*9,359 14695,1*57 Hl4l4,722 625,205 966,2490 61*1,81*2 2807,858 Collateral for F^R, notes held by F.R, Agents; Gold certificates 11,888,000 2*l£>,000 5,l*7o,ooo 515,000 695,000 560,000 1*75,000 2850,000 500,000 i8l*,ooo 280,000 169,000 1950,000 Eligible paper. 57,891 2,379 5,735 1,750 — 10,055 — — 16,591 10,090 10,200 — 1,111 U.S. Govt, securities 15,89!*, 612 1100,000 2,1.00,000 1200,000 1500,000 1220,000 1000,000 1900,000 921*,612 1*50,000 700,000 500,000 1000,000 'MATURITY DISTRIBUTION OF LGAiJS ABB SECURITIES Within 16 to - 31 to 61 to 91 days 6 months 1 to 2 2 to 5 iDver Total 15 days 30 days- 60 days 90 days 6 months to 1 year years years 5 years scounts and advances 118,62*6, 95.160 2*,924l4 2,52*7 6,08l4 9,899 12 dustrial loans 1,901' 1,52*8 2 25 62 53 110 301 S. Govt, securities 22,118,585-5.2417,902 1,872,150 i*,275,209 **,77l,62i' 2,983,580 5,92*0,835 176,1*00 255,150 2*27,5240 l/After deducting $259,90!*,000 participations-of other Federal Reserve Banks, 2/ After deducting $ 2,125,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis