H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS- OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, October 10, I9l±7) H.U.I October 9, I9U7 , CONDITION OF Tp FEDERAL RESERVE BANKS During*the- -week ended October 8 member bank reserve balances increased $108,000 ,-900; •• Additions to member' "Bank reserves-arose from an increase of $137,000,000 in gold stock and a decrease' of $li|i^,000,000 in Treasury deposits vdth Federal Reserve Banks, effset in part by a decrease of' $79*000,000 in Reserve Bank credit; and increases of- $7J,000,000 in money in circulation, $12,000/000 in Treasury cash and $8,000,000 in normiember deposits and other Federal Reserve accounts* Excess reserves of member banks on October 8 were estimated to be approximately ,$1, li;0,000,000* Holdings, of loans; discounts iand advances decreased $1+5*000,000 and of United States Government'securities•$37,000,000* The decrease, in holdings of United States Government, securities' reflects a decrease of $61^,00,0,000 in bills and increases off $17,000^000 in certificates and $11,000,000 in notes* Changes $n member bank ro.s;er^e balances and related items during the week and the year ended Octobfer 8, lgijj,'we**e as follows: Increase. '-or dw^ crease since October 8, October '.1 , October 9, 19U7 19U7 19^6 (In mi .1 lions of d<0 liar's 0 U* S* Government securities 22,355 - 37 -1,1U7 Loans, discounts and advances 115 - U5 - 159 Other Reserve -iBank credit 383 + . 2 • 109 Total Reserve Bank credit 22,852 - 79 -1,196 Gold stock 22,092 + 137 +1,787 Treasury curre-ncy h, 551 + 7 Member bank reserve balances 17,1142 + 108 +1,123 Honey in circulation 28,632 • .+ 73 + 2li Treasury cash - 1,328 + 12 - 9kZ Treasury deposits with F.- R* Banks . 909 - liih + U2<6 Nonmember deposits and other F*R,accounts;s 1,U83 + 8 - 35 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

...STATEMENT OF' CONDITIO; OF THE W$uk FEDEf&L RESERVE BAMS COMBINED H^.l(a) i ' (In thousands of dollars) Increase or decrease since October 8, October 1, October 9, 19U7 ; 19U7 _.__ 19M A S S E TS Gold certificates 2o,li;9,670 + 132,000 +2 ,807,246 Redemption fund for F # .R # notes 695*!U28 - 9.6m - 84,608 Total gold certificate reserves 20,845,098 + 122,359 +2 ,722,638 Other cash 21*5,895 - 16,323 « 34,069 Discounts and advances 111,053 - Ui,j6o.O . • 159,6ii5 Industrial loans 1,850 - kh + 770 Acceptances purchased 3U31 - 922 + 3,003 U 8 Govt, securities'! # # Bills 13,985i182 - m,3kh • * 571,807 Certificates 7,163,266 + n:,koo - 353,735 Notes 487,300 + io;5do" -' 185,800 Bonds 719I690 -,- 35,600 Total U» S, Government ^^.fgj secur 22.355U38 - 36,444 --11 ,146,942 ' ' 1 Total loans and securities 22,1171,472 - 82,010 -1 ,302,814 Due; from foreign banks '• 98 —. + 6 F.' R.. notes of other banks 12U,678 - 1,769 + 3,463 Uncollected t items 2,Ul6,70l- - 295,386. + 372,635 Bank premises 33,2li5 . .. + 549 Other assets 52,267 + l>7io + 11,566 TOTAL ASSETS 46,189,454 - 271,419 +1,773,974 LI A B I L I T I B S' Federal Reserve notes 24,533,188 + 53,148. - 18,975 Deposits: Member bank - reserve account 17,l4l,97l' + 108,090 +1,122,622 U S Treasurer-general account # # 909,427 - 143,728 + 426,872 Foreign 352,804 + 32,651' - 231,lt26 Other 483,926 - 27,605 + 147,983 Total deposits 18,808,128 - '30,592 +1,466,051 Deferred availability items 2,036,553 - 298,152' + 266,160 Other liabilities inpluding accrued dividends 2:o,272 + 1,49s + 7,82 9 TOTAL LIABILITIES 4^,475, l4l -274,098 +1,721,065 C A P I T AL A C C O'U N T S . „ 1.,.,. . ,•,„, .,*„„.!„..,, ., , .,„.,.„ „. ,.!••, Capital paid in 193,719 + 198 + 9,367 Surplus (Sectipn 7): 439,823 + 81,468 Surplus (Section 13b) 27,455 + 27 Other capital accounts 50,316 + 2,U81 - 37,953 TOTAL LIABILITIES i*ND CAPITAL ACCOUNTS 46,189,a5a - 271,419 +1,773,974 Ratio of gold certificate reserves to deposit and F R note is.ofo v U.8/0 # # • • # liabilities combined Contingent liability on bills-purchased for foreign correspondents 3,037 12. + 2,020 .* » * j" 7,378 1& + 1,108 Commitments to mak& industrial loans Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 8, I9l7 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St,Louis Minn,. Kans.Cy, .Dallas SanFran, Gold certificates 20,11*9,670 734,792 5,526,31*1 .973,570 1331,531; 1157,77? 1086,078 1*317,626 590,612 ' 1*81,82$ 738,892 1*87,722 2722,906 Redemption fund for ' < F. R. notes 695,1*28 53>0^8 119,817 60,250 75,001 6U,257 1*1,1*09 97,1+07 1+5,056' 23,031+ • 55,910 25,91*6 52,293 Total gold certificate feserves 20,81*5,098 789,81*0 5,61*6,158 1033,820 11*06,535 1222,029 1127,1+87 1+1+15,033 635,668' 50I+,859 77l+,802 513,6682775,199 Other cash 21*5,895 2^,915 hO,UUU 12,51*1* 20,566 12,791 19,885 37,176 10,1*32 6,767 8,716 10,117 U,5l+2 Discounts and advances 111,053 7,US 57,780 7,215 11,731* 6,251 1,995 8,677 2,587 903 1,657 1,1*39 3,61*7 Industrial loans 1,850 1,829 21 — — — Acceptances purchased 3,131 3,131 -— — U, S. Govt, securities: Bills 13,985,182 927,708 1*,109,!*17 1010,638 1262,683 760,506 628,985 171+3,700 705,523 35l+,l75 620,538 535,029 1321,280 Certificates 7,163,266 1*99,568 1,678,233 1*73,1+87 681*,1*27 1+73,1+33 389,277 91+7,890 1*01,1*20 213,111 362,1*62 366,31+7 673,611 Notes 1*87,300 33,981* lll*,l66 32,210 1*6,560 32,207 26,1*81 61*,1*83 27,308 H+,1+97 21*,658 21*, 922 1*5,821* Bonds 719,690 50,191 168,611 1*7,571 68,761* 1*7,566 39, HO 95,231* 1*0,331 21,1*11 36,1*16 36,807 67,678 Total I), S, Government ^ ';" securities 22,355,1*38 1511,1*51 6,070,1*27; 1563,906 2o62,l*3l* 1313,712 1083,853 2856,307'H7U,582 603,19!+ 10l*l*,07U 963,105 2108,393 '" 1 11 H •• .' " ' '^————*«— » "• • • "• •' ' 1 ' ' •' •• 1 III 111 1 » • »i 1 1 • 1 '•« 11 •111 111 11 1 in 1 11 mi. 1 m mi ^ • 1 in .1 1 •• 'I • •' • in > ,i 11 mi 11——11 •• 1 Total loans and . . securities 22,1*71,1*72.1518,569 6,131,338 1572,950 207!*,218 1319,981* 1085,81*8 2861*,98l* 1177,169 6ol*,097 101*5,731 961*,51+1+ 2H2,oi*o Due from foreign banks o 6 l/ 29 8 9 5 1+ U* k 3! h 3 9 8 F.R.notes of other banks 121*,678 "3,665 19,897 5,89l+ 6,105 9,786 11,681* ll*,39l .9*515 9.U83.'"- 6,§97 1*,792 22,569 Uncollected items 2,1*16,701 199.H+6 1*80,019, ll*9,8l*l 225,376"' 21$,127 152,708* 369,092' 116,699 71,181i .-136/811* 98,651* 20l*,0l*l* Bank premises 33,2l*.5 1,25,5 8,29!*. 3,127 5,179 2,61*1 1,1*91+ 3,058 1,976 1,216 2,1*68 805 1,732 other assets 52,267 3,61? 12,139 3,036 5,012 3,1+89 2,81*6 7,239 3,522 1,387 2,59!* 2,526 5,o6o TOTAL.ASSETS : 1*6,189,1*51+. 251+1,013 12-»338,318 2781,220 37b',000'2785,852 21*01,956 7710,987 l95l+,785 1198,993' 1975,026 1595,109 5162,195 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.4.1(c) STATEMENT OF CONDITION OF THB FEDERAL RESERVE BANKS ON OCTOBER 8, 19^7 L I A B I L I T I ES (In thousands of dollars) Total Boston New York Phila. Cleve, Rich. Atlanta Chicago St.Louis Liinn. Kans.Cy. Dallas SanFran. Federal Reserve notes 21i,533,188 1445,062 5,616,421 1654,371 2116,651 1727,8I4 1406,195 4595,904 1110,273 615,277 943,781 620,920 2682,519 Deposits: Member bank-reserve acct. 17,1^,971 735,405 5,310,015 840,325 1236,759 771,281 764,619 2562,827 648,611 452,572 841,363 812,31|3 2115,851 U.S.Troasurer-general acct. 909,427 6l 025 270,040 76,471 93,651 54,873 41,599 112,251 1^,137 39,1|64 34,126 r 34,573 49,217 F°[eiZn 352,804 19,302 1/148,339 2^,3Ul 27,947 14,725 12,320 40,868 10,518 7,513 10,517 9,917 26,497 0ther It95,9g6 h^h 408,260 1,769 9,994 2.536 2.162 2.175 fl.^1 2.321 1.706 flgli 39,714 Total deposits 18,888,123 869,866 6,136,654' 942,906 1368,351 843,415 820,700 2718,121- 709,597 501,870 887,712 857,657 2251,279 Deferred availability items 2,036,553 179,205 359,315 125,006 190,123 175,604 143,777 300,835 107,566 61,718 ll ,2h3 9 90,674 183,487 Other liabilities including y y accrued dividends 20,272 1,151 5,607 1.271 1.720 im. 837; 2,873 882 ,1.3/iQ -Z6Z. 7U 2JL21; TOTAL LIABILITIES 45,478,141 21^5,284 12,117,997 2723,55)4 3676,845 2747,822 2371,509 7615,733 1928,318 1180,205 1951,503 1569,962 5099,409 Capital paid in 193,719 11,232 68,326 14,313 18,812 8,166 7,445 23,126 6,341 4,267 6,471 7,221 17,999 Surplus (Section 7) 439,823 27,557 136,549 34,720 41,394 20,676 18,663 65,078 16,577 10,997 15,729 13,777 38,106 Surplus (Sect-ion 13b) 27,455 3,012 7,253 l . ,^ 1,007 3,325 762 1,1+29 521 1,073 1,137 1,507 2,L40 Other capital accounts . 50,516 3,928 8.195 u.luli L.Qiig 3.663 3.577 5.621 3.Q28 2,h51 3.186 2.8ii2 1^.541 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 46,189,454 2-541,013 I2,338;3i8 2781,220 5743,000 2783,852 21401,956 7710,987 1954,785 1198,993 1978,026 1595,109 5162,195 Contingent liability on bills purchased for foreign correspondents 3„o37 194 2/ 972 21*6 283 Hi9 125 413 106 76 106 100 267 Commitments to make industrial ~ loans 7,378 — •— 927 1,1.31 85 427 28 580 — 3,750 150 F.R. notes outstanding 25,2i|0,421 1505,658 5,771,540,1699,623 2173,831 1767,520 1454,953 4687,087 1148,510 626,667 964,528 648,407 2792,112 Collateral for F, R. notes held by F.R. Agents: Gold certificates 12,235,000 l|40,o:)0 3,470,000-515,000 695,000 560,000 725,000 2850,000 "300,000 " 184,000 280,000 169,000 2050,000 Eligible paper 62,26o 14,910 45,380 5,230 — 4,.26o 1,379 40 450 611 U.S.Govt, securities 13,620,000 1100,000 2,.'400,000 1260,000 1500,000 1220,000 750,000 1900,OOQ 900,00 450,000 700,000 500,000 1009,000 MATURITY-DISTRIBUTION OF LGI&S-AHD SECURITIES within 16 to 31 to 6l to 91 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 111,053 72,305 5,415* 1,612 22,19l4 9,516; 11 Industrial loans 1,850 1,311 2 25 21 27 53 109 302 Acceptances purchased 3,131 1,009 321 930 371 U.S. Govt, securities 22,355,438 3*093,680 2,103,107 4,765,512 5,169,094 2,'52i|,962 4,016,393 255.150 427,540 l/ After deducting $204,340,000 participations of other Federal Reserve Banks. ?2T// After deducting $ 2,065,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis