H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD ;-0F GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publi-e-atiori Friday morning., October y± I9I4.7) H.li.l October 2, I9U7 C'OIvDITIOK OF THE FEDERAL RESERVE BANKS During the week ended October 1 member bank reserve balances increased $203,000,000. Additions to member bank reserves arose from increases of $358>000",000 in Reserve -Bank credit and £5*000,000 in gold stock and decreases of $3,000/300 in treasury cash and $9i|,000",00Q in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $253,000,000 in Treasury deposits with Federal Reserve Banks and $3,000,000 in money in circulation* Excess reserves of member banks on October 1 were estimated to be approximately 81,0iiO, 000/000. Holdings of loans, discounts 'and advances increased $37,000,000 and of United States .Government "securities $271]., 000,000. The Increase in holdings of United States Government securities reflects increases of $139,000,000 in bills, $130,000,000 in certificates and $5,000/300 in notes. ges in member bank reserve balances and related items during the week and the year ended October 1, 19U7, were as follows: Increase or decrease since Oct. 1, Sept. 2[j., Oct. 2, 19^7 I9U7 19U6 (In rail lions of dollars) U. 3. Government securities 22,392 + + 2J2k7 il -1,16-3 Loans, disccunts and advances 158 •+.+ 375 7 - 61 4 Other Reserve Bank credit 381 ' + • .. Ifhf i + I4 Total Reserve Bank credit 22,951 ++3 583 58 -1,209 Gold stock 21,955 ++ 55 +1,« Treasury currency 1^,551 - l1 + 5 • Member bank reserve balances 17,031; ++ 220033 + 868 Money in circulation 28,559 + + 3 3 + 33 Treasury cash 1,316 3~ 7 - 9'85 "" 3 Treasury deposits with F R, Banks 1,053 + 253 # Nonmember deposits and other F.R.accounts 1,U75 9U - 1^7 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATSi.:a>;T OF . 0 ONDITI ON I-I.iul(a) OF THE T^LVB • 3MJERA.L K3iEL¥E: Bilt K8 CfcM3IKED (in thousands of dollars) Increase or decrease since October 1, September 2lt, October 2, 19U7 19^7 19^6 A S S E TS Gold certificates 20,Q17,670 h + 2,703,1*93 Redemption fund for F. R. notes 705,069 1 75.768 Total gold certificate reserves- 20,722,739 3 +2,627,725 Other cash 262,218 + 3,136 - 25,09k Discounts and advances 155,653 + 37,007 - 62,079 Industrial loans l,89ll- ' 7 + 80h Acceptances purchased 1,053 + 1*,Q53 * 2,617 U« 3. Govt* securitiesj 3ills ll*, 01+9,526 + 138,51*7 - 559,611 Certificates 7,11*5,866 + 129,950 - 371,135 Notes U76.800 + 5,000 - 196,300 Bonds 719,690 35,6oo Total U« S, Government securities 22,391,882 + 273,1*97 -1,162,61*6 Total loans and securities .22,553,1*82 + 3il*,550 -1,221,30b Due from foreign- v banks 98 1 + 6 F. R. notes of other banks 126 Ml - 8,311 + 1,277 * 2,712,087 - 15,670 + 312,859 Uncollected items 33,2J±5 19 + 551 Bank premises 50,557 + -1,127 + 10,611 Other assets- : TOTAL ASSETS* U6,li6o,873 + 29li,809 +1,706,631 L I L IT U b Federal heserve notes 2k,k80,Qh0 - 9,772 2,353 Deposits: Member bank-reserve account 17,033,881, 4203,32!*' + 867,895 U # S # Treasurer-general account 1,053.355 +253,h92 + 696,122 Foreign 320,153 - 80,567 - 376,721* Other 511,531 - 11,976 + 163,721 Total deposits 18,918,720 +364,273 +1,351,011* Deferred availability items 2,331*, 705 - .59,278 + 300,515 Other liabilities including accrued dividends 13,771* - 2,125 + 5,1*51* TOTAL LIABILITIES U5,7 52,239 +293,098 • +1,651*, 630 C A P I T A L* A C C O U N TS Capital paid in 193,521 + 79 + 9,222 Surplus (Section 7) 139,823 + 81^1*68 Surplus (Section IJb) 27,i; 55 • + ' 27 Other capital accounts 1*7*835 + 1,632 - _J8,716 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ii6,ii6o,873 + 29^,309 +1,706,631 Ratio of gold certificate reserves to deposit and P.R. note liabilities combined h%7?<> h.Tf* Contingent liability on bills purchased for foreign correspondents 3,02*9 76 + 3,ol*9 Commitments' to make industrial loans 7,39h 6 + 1,130 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

#.Ua{b) STATEMENT OF CONDITION. OF THE FEDERAL HESERVE BANKS ON OCTOBER 1, 19^7 (In thousands of dollars) iiSbETS Total 3oston New York fhila, Clex'-e. Rich* Atlanta Chicago St.Louis I.inn. Kans.Cy. Dallas SanFran. Gold certificates 20,017,670 727,654- 5,341,711 975*656 1U19.005 1181,188 1074.098 4275,855. 534,502 469,554 746,520 1487,100 2755,267 Redemption fund for E. R^ notes 705,069 55.175 120,529 60,472 75,196 65,219 51,556 97,581 45, m 22,051 55,948 25,968 52,445 Total gold certificate reserves 20,722,759 782,809 5,462, o4o 1056,128 1U9U.201 1244,407 1125,651; 4575,436 629,615 1491,385 782,268 515,088 2787,710 Other cash 262,218 25,506 1+5,785 12,597 2)4,526 114,512 19,0514 39,2o4 11,224 6,862 10,806 10,806 U5.556 Discounts and advances 155,655 11,658 65,095 5,2U0 7,579 12,781 5,790 2o,797 13,442 7,778 2,752 1,2714 5,7)7 Industrial loans l»89b 1,868 — 26 Aceeptsa cos purchased U.S^Soyt/ securities^:' 4*055 4,055 14,049,526 919,105 4,278,054 995,708 12214,689 757,907 607,986 1785,906 695,581 550,615 6ll4,5l48 541,905 1501,5214 Certificates 7,1145,866 U98.3U8 1,675,977 li72,121 682,758 472,552 580,559 915,672 1^00,596 212,627 561,627 565,625 671,8214 Notes 476,800 55, 152 111,694 51,502 15,555 51,517 25,913 65,099 26,729 114,187 2)4,129 214,596 44,827 Bonds 719,690 50,191 168,595 47,549 68,761 47,572 59,111 95.2142 l40,5U6 21,J4l5 56,1421 56,824 67,662 Total U.S. Governs *nt securities 22,591,882 1500,896 6,252,518 1514)4,8802021,7)45 1289,548 1061,572 2887,919 1165,252 598,842 1056,725 963,750 2085,857 Total loans and securities 22,555,482 1512,554 6,299,1466 1551,988 2029,122 1502,155 1067,162 2908,716 1176,6914 606,620 1059,457 970,024 2089,5414 Due from foreign banks 98 6 1/29 8 9 5 4 14' 4 5 4 5 9 F.h. notes of other banks 126,4147 2,709 20,918 5,628 6,307 10,788 11,329 •16,265- 7,888 11,605 7,890 5,765 19,557 Uncollected items * 2,712,087 2,922 545,737 192,310 268,255 254,955 168,648 409,6o4 119,019 75,558 158,188 1014,759 254,576 Bank premises 35,245 1,255 8,294 3,127 5,179 2,641 1,494 3,058 1,976 1,216 2,468 805 1,752 Other assets 50,557 3,445 11,385 2,919 5,125 5,331 2,755 7,052 3,215 1,519 2,524 2,65l4 14,875 TOTAL ASSETS 46,460,875 2551,186 12,591,654 2801;,705 5852,702 2812,792 2596,100:7757,529 1949,655 1192,548 1985,605.1607,882 5180,957 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 BANES ON OCTOBER 1 ;l"gltf- (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn*. Kans.Cy. Dallas SanFran. Federal Reserve notes 21^,1*80,0l*0 11*1*5,706 5,622,821 1652,823 2lHi,2fcl 1719,385 1399,132 1*582,091* 1103,780 611,561 939,702 615,817 2672,978 Deposits: 1.ember bank-reserve acct.17,035,881 750,990 5,277,338 839,1*01 1286,255 769.873 71*6,976 2551,^76 629,738 1*1*7,187 826,950 811,1*22 2096,277 U.S.Truasurer-general acct.1055.155 87,731 267,51*8 68,831 108,799 68,30^ 1*1*, 755 131*-, 703 58,871 1*2,215 5k,028 1*9,801 67,569 Foreign 3?0,153 17,1*91- 1/13I*, 932 22,01*8 25,315 13,338 11,160 37,019 9,527 6,805 9,527 8,983 21|,008 Other 511,531 li.110 1*27,918 1,923 10,992 2,936 i,i*56 1*, 152 10,225 3,028 3,393 805 Uo.595 Total deposits 18,918,720 860,522 6,107,736 932,203 11*31,359 85l*,l*5l 80l*,5l*7 2727,550 708,561 1*99,255 893,898 871,011 2228,1*1*7 Deferred availability items2,53^,705 198,572 1*36,322 160,979 219,251; 161,1*98 550,185 110,581 62,207 122,930 95,160 215,028 Other liabilities including 202,191 accrued dividends 18,771* 1,113 5,260 1,195 1,896 780 2,722 81*1 617_ 759 81*8 1.882 TOTAL LIABILITIES 1*5,752,239 2505,713 12,172,139 271*7,193 3766,750 2776,889603 2365,757 ?662,3l;9 1923,363 1173,620 1957,289 1582,836 5118,355 Capital paid in 193,521 11,232 68,175 11*,313 18,810 8,165 7,1*1*5 23,123 6,31*1 1*,267 6,1*68 7,218 17,968 Surplus (Section 7) 1*39,823 27,557 156,51*9 31*, 720 1*1,391* 20,676 18,663 65,078 16,577 10,997 15,729 15,777 58,106 Surplus (Section 13b) 27,1*55 3,012 7,253 1**1*89 1,007 3,525 762 l,ii29 521 1,073 1,137 1,507 2,ii;0 Other capital accounts 1*7,835 3,672 7,51*0 5,985 l*,7i*i 5,756 3,1*75 5,350 2,831 2,391 2,982 2,71*1* U.588 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*6,1*60,873 2551,186 12391,651* 2801;,705 3332,702 2812,792 2396,100 7757,329 191*9,633 1192,31*8 1983,605 1607,882 5180,937 Contingent liability on bills purchased for foreign correspondents 3,!;09 195 2/976 21*7 283 11*9 125 1*15 107 76 107 101 268 Commitments to make industrial loans 7,39l* 888 1,1*91 76 1*27 29 580 3,750 153 F.R. notes outstanding 25,218^272 1502,213 5,767,11*5 1701,767 2177,111 1761,930 11*1*6,515 1*637,671* 111*7,165 623,722 962,21;9 61*1,720 2798,355 Collateral for F. R. notes held by F.R. Agents: Gold certificates 11,838,000 14*0,000 3,1,70,000 515,000 695,000 560,000 1*75,000 2850,000 300,000 18l*,000 280,000 169,000 1900,000 Eligible paper 97,250 9,750 51,355 2,850 11,035 12,1*09 7,0i*0 1,700 1,111 U,S,Govt. securities 13,881,570 1100,000 2,1*00,000 1200,000 150C000 1220,000 1000,000 1900,000 911,570 1*50,000 700,000 500,000 1:00,000 MATURITY DISTRIBUTION OF LOANS AliD SECURITIES within 16 to 31 to 61 to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 6 months to 1 year years years 5 years 90 days Discounts and advances 155,655 128,610 5,773 2,901 11 Industrial loans 1,350 2 25 18,352 _. —, & — 35 "Acceptances purchased ... 1*,053 1,578 673 -l,32f ];,5l " 9 " , 7 66 6 3 ^. 5,207; 612 ^ 14,001,293 255,150 1*27,51*0 •1*3.Govt* securities 22,391,882 J*J^V/ A?tor*deducting $l8^&9b,O00 participations'of oth 52 e r Federal Reserve Ranks* 2/ After deducting $ 2,075,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis