H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF TIE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, October 17,1914-7) H.U.1 October 16, 19U7 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 15 member bank reserve balanced increased $87,000,000, Additions to member bank reserves arose from decreases of $73,000,000 in Treasury deposits with Federal Reserve Biaxks, $18,000,000 in nonmember deposits and other Federal Reserve accounts and $i|,000,000 in Treasury-cash and an increase of $61,000,000 in gold stock, offset in part by a decrease of $1*5,000,000 in Reserve Bank credit and an increase ©f $2/4.,000,000 in money in circulation. Excess "re serves of member banks on October 15 were estimated to be approximately. $1,270,000,000. Holdings of loans, discounts and advanoes increased $35,°00,000 while holdings of United States Government securities decreased $137,000,000, The de crease in holdings of United States Government securities reflects -decreases"of $72,000,000 in bills, $6U,000,000 in certificates and $12,000,000 in: bonds and an increase of $10,000,000 in notes. Changes in member bank reserve balances and related items during the week and the year ended October 15, 19^7, were as followst Increase or decrease since October 15, October 8, October 16, 19U7 19U7 19U6- (In millions of dollars) U. S, Government securities 22,218 - 137 -1,200 Loans, discounts and advances * 35 - 107 Other Reserve Bank credit - 38 + 58 Total Reserve Bank credit 22,807 U5 Gold stock 22,153 61 +1,81*9 Treasury currency U,551 • 6 Member bank r.eserve balances 17,229 87 +1,087 Money in circulation 28,656 21; • 59 Treasury cash l,32l| k - 950 Treasury deposits with F, R, Banks 836 73 + 3X2 Nonmember deposits and tther F,R,accounts 1,1|65 18 + 1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.li.l(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or c lecrease since October 15, October 8, October 16, 1947 1947 1946 A S S E TS Gold certificates 20,209,670 + 60,000 +2,864,244 Redemption fund for F,R # notes 695,U28 - 84,587 Total gold certificate reserves 20,905,098 + 60', 000 +2,779,657 Other cash 2li5.9l3 + 18 - 38,940 Discounts and advances 116,021 + 34,968 - i>7,784 Industrial loans 1,910 + 60 + 8I9 Acceptances purchased + 2,482 2,482 649 U. S Govt, securitiest # Bills 13,913,632 - 71,550 - 565,215 Certificates 7,098,966 - 64,300 - 395,055 Notes 4-97,300 + 10,000 - 192,800 Bonds 707,690 - 12,000, - 47,600 Total U. S« Government securities 22,217,588 -157.850 -1,200,650 Total loans and securities 22,368,001 -105,471 -1,305,133 Due from foreign banks 98 + 6 F. R. notes of other banks 125,398 + 720 + 207 Uncollected items 3,459,153 +1,042,452 + 379,449 Bank premises 33,245 + 548 Other,assets 52,788 _+ ; 521. * + 8,910 TOTAL ASSETS 47,I89,694 +1,000,240 +1,824,704 L I A B I L I T I ES Federal Reserve notes 24,553,381 + 20,193 3,836 Deposits^ Member bank-reserve account 17,228,922 ;+ 86,951 +1,087,006 U»S # Treasurer-general account 835,730- - 75,697 + 311,657 Foreign 332,310 - 20,494 - 207,075 Other 484,801 + 875 + 155,790 Total deposits 18,881,763 - 6,365 +1,347,378 Deferred availability items 3,020,589 + 984,036 + 419,589 Other liabilities including accrued dividends 20,627 • 355 + -8,112 TOTAL LIABILITIES H67476,"36o. +998,219 +1,771,243 C A P I T AL A C C O U N TS Capital paid in " 1*93,750 ' + 31 + '9,221 Surplus (Section 7) 439,823 + 81,468 Surplus (Section ljb) 27,455 + 27 Other capital accounts 52,306 * 1,990 - 37,255 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,189,694 +1,000,240 ' +1,82U,704 Rati* of gold certificate reserves to deposit and F»R,note liabilities combined 48.1?o f. + .$ 5.$ Contingent liability on bills purchased for foreign correspondents 3,036 1 87 Commitments to make industrial loans 7,326 52 + 1,079 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l*.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 15, lgltf (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 20,209,670 756,1*52 5,520,779 977,203l3l0,072 1175,955 1106,725i;386,l97.586,029 U57.138 739,812 196,369 2716,959 Redemption fund for F.R. notes 695,1*28 55,01*8 119,817 60,250 75,001 6^,257 1*1,1*09 97,1*07 1*5,056 23,03!; 35,910 25,91*6 52,293 Total gold certificate re serves 20,905,098 791,500 5,61*0,596 1057,1*55 1585,075 121*0,212 lli*8,15l* U*83,>6ol* 651,085 1*80,172 775,722 522,315 2769,232 Other cash 215,915 21*, 318 1*1,219 12,265 23,1*88 13,929 18,627 37,31*1 10,828 6,222 8,919 9,ol*5 59,712 Discounts and advances ii*6,02i 5,1+58 73,875 7,1*25 16,1*17 5,851 3,1*1*5 5,852 5,885 13,903 1,657 1,259 5,016 Industrial loans 1,910 1,890 — 20 Acceptances purchased 2,1*82 2,1*82 U. S. Govt."securities: Bills -: 13,915,652 920,650 1*,092,115 1005,261* 1255,769 755,979 625,183 I72l*,681 703,306 3 52,11*7 617,052 51*7,586 1311*, loo Certificates 7,098,966 £95,070 1,662,71*1 1*68,726 678,222 2*69*31*3 385,850 959,580 398,176 211,280 359,516 363,1*56 667,206 Notes 1*97,500 3b, 681 116,1*79 32,835 1*7,511 52,879 27,030 65,820 27,895 ll*,800 25,171 25,1*61 1*6,71*0 Bonds 707,690 1*9,353 165,757 1*6,727 67,611 1*6,789 38,1*65 95,665 39,691* 21,062 35,820 36,233 66,511* Total U. S. Government securities " 22,217,588 11*99,751* 6,037,092 1553,552 2ol*9,H3 130l*,990 1076,528 2823,71*6 1169,069 599,289 1037,359 972,556 209I*,560 Total loans and securities 22,368,001 1505,212 6,113,1*1*9 1562,867 2065,530 1310,861 1079,973 2829,598 117U,952 6i3,l92 1039,016 973,775 2099,576 Due from foreign banks 98 6 1/29 8 9 5 1* 11* 1* 3 1* 5 9 F.R. notes of other banks 125,398 1*,125 15,691* 6,027 7,656 11,057 10,209 15,158 8,916 10,025 7,556 1*,068 21,927 Uncollected items 3,1*59,155 286,920 750,920 219,1*20 525,697 298,267 225,098 520,559 151*, 780 99,861 167,599 151*, 51*2 255,690 Bank premises 53,21*5 1,255 8,291* 3,127 5,179 2,61*1 1,1*91* 5,058 1,976 1,216 2,1*68 805 1,752 Other assets 52,788 5,831* 11,81*9 5,099 5,lH* 5,500 2,957 7,269 3,236 1,1*35 2,509 2,782 5,201* TOTAL ASSETS 1*7,189,691* 2617,170 12,585,050 28l*l*,266 3817,71*6-2880,1*72 21*86,1*96 7896,601 1-985,777 1212,126 2003,575 1667,555 5195,082 l/ After deducting $69,000 participations t>f 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 THIS FEDERAL R83HRV3 BANKS Oil OCTOBER' 15, 192*7 (In" thousands of dollars) L I A 5*1 L T m -r E S Total 3oston Now York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas SanFran. Federal Reserve nofes 22i,553,381 12*2*9,956 5,625,135 1655,962* 2113,2m* 1732,804 12*01,875 2*, 596,12*1 1115,697 616,72*2* 9Ul,4o9 621,228 2683,182; Deposits: Member bank-reserve acct.17,228,922 765,52*5 5,U2i|,863 838,915 1259,717 761,055 766,681 251*2,103 661,575 • UU8,299 839,622; 822,587 2097,958 U.S.Treasurer-gensral acct.335,730 63,682; 193,087 73,062; 65,233 68,146!; 59,906 116,91*8 •33,2*77 30,130 t 38,188 2*2*, 652 2*8,897 Foreign 332,310 16,985 1/152,2463 21,1*08 2i;,580 12,951 10,836 35,92*5 9,251 6, 608 " 9,250 8,722 23,311 Other l*8l*,801 3,955 2U0.519 1,622 10,265 3,052 1,087 3,388 8,519 1,939 1,2*21 1*22 38,612 Total deposits 18,881,763 850*169 6,180,932 935.Q09 1359,795 32*5*522 838,510 2698,382* 712, 22 OP 5,2*33 876,333 2208,778 Deferred availability itemS3 ) o20,539 270,072; 552,077 I9i*, 202 276,2+2*6 265,038 212;, 732* 503,2*01 129,822; 00,035 12*6,311 l2;3,68o 235,961 Other liabilities including accrued dividends 20,627 1,155 5,922; 1,275 1,952 92*2 831 3M 905 717 . 611 796 2,173 TOTAL LIABILITIES 1*6,1*76,360 2571,352;'-12,362;,068 27-86,2*50 3751,2*37 281*1*,306 2^55,950 7601,076 1959,21*3 1193.272 1977,012; 161*2,095 5130,096 Capital paid in 193,750 11,233 68,320 H*»316 18,817 8,172* 7,2*2*5 23,131 6,32*3 2*, 270 6,2*72 7,221 10,000 Surplus (Section 7) 2*39,323 27,557 136,52*9 3i,720 l*l-,392* 20,676 18,663 65,073 16,577 10,997 15,729 13,777 38,106 Surplus (Section 13b) 27,2*55 3,012 7,253 U>U§9 1,007 3,325 762 1,2*29 521 1,073 1,137 1,307 2,12*0 Other capital accounts 52,306 Q,652 11.291 5.091 3.991 3.676 5,893, 3.000 2.512* 3.221 2.935 2*.72;0 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*7,189.691* 2617,170 12,535,050 28l*l*,266 3017,72*6 2880,1*72 21*06,1*96 7896,601 1985,777 1212,126 2003,573 1667,335 5193,082 Contingent liability on bills purchased for foreign correspondents 3,036 192* 2/972 22;6 283 11*9 121* 1*13 106 76 106 100 £67 Commitments to make industrial loans 7,326 862 1,2; 52 77 2*27 23" 500' 3,750 150 F. R. notes outstanding 25,229,307 1500,203 5,772*,172* 1699,136 2169,2*50 1760,572 12*52,2*28 2*687,623 1153,62*1 629,676 963,282* 6i;9,327 2781,708 Collateral f»r F.R. notes held by F.R.Agentsj Gold certificates 12,278,000 l*l*o,ooo 3,1*70,000 515,000 695,000 600,000 725,000 2850,000 300,000 102*,000 280,000 169,000 2050,000 Eligible paper 93,870 3,250 61,605 2*, 630 — 2*, 160 — ».- 2*, 675 13,02*0 1* 50 1,980 U.S.Govt. securities 13,620,000 1100,000 2,1*00,000 1200,000 1500,000 1220,000 750,000 1900,000' 900,000 2*50,000 700,000 500,000 1000,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. Within 16 to 31 to 61 to 91 days to 6 months 1L 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 12*6,021 107,023 5,291 3,32*5 30-, 32*5 6 11 Industrial loans 1,910 1,372* 25 — 22 25 53 109 302 Acceptances purchased 2,1*32 600 ooo 769 225 U.S.Govt. securities 22,217,580 2,727,01*6 2,3i9,i;63 U,819,309 5,171,525 2,U78,162 2*, 019,393 255,150 2*27,52*0 l/ After deducting $179,722*,000 participations of other Federal Reserve BankSi 2~/ After deducting $ 2,062*, 000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis