H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BQA.RD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, October 2k,l9h7) H.I4.I October 27; I9I4.7 $ CONDITION OF THE FSDERA.L BSSBKVE BAMS During the week ended October 22 member bank reserve balances decreased $192,000,000. Reductions in member bank reserves arose from a decrease of $il59,000,000 in Reserve Bank credit and increases of $13,000,000 in Treasury cash and $109,000,000 in noninember deposits and other Fedora 1 Reserve accounts, offset in part by decreases of $228,000,000 in Treasury deposits with Federal Reserve Banks And $87,000,000 in money in circulation and an increase of $72,000,000 in gold stock. Excess reserves of member banks on October 22 were estimated to be approximately $980,000,000. Holdings of loans, discounts and advances decreased 021,000,000 and of United States Government securities $l;46 000,000. The decrease in holdings of 5 United States Government securities reflects decreases of $3-'t-9>030,000 in bills and $100,000,000 in certificates and an increase of $3,000,000 in notes. Changes in member bank reserve balances and related items during the week and the year ended October 22, lyhl * were as follows: Increase or decrease since October 22, October 15, October 23, I9h7 19U7 19U6 (In millions of dollars) U. S. Government securities 21,772 - W16 - l,28h Loans, discounts and advances 127 « 21 122 Other Reserve Bank credit hh9 + a + 118 Total Reserve Bank credit 22,3)48 - ^59 - 1,288 Gold stock 22,225 + 72 + 1,837 Treasury currency u,552 + l + 6 Member bank reserve balances 17,037 - 192 + 1,25s Money in circulation 28,569 - 87 16 Treasury cash 1,337 + 13 - 933 Treasury deposits with F. R Banks 608 - 228 + 239 # Nonmembur deposits and other F.R.accounts i,57U + 109 + 7 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

. STATEMENT OF CONDITION OF TIE TWELVE FEDERAL RESERVE BANKS COMBINED H.!ul(a) (In thousands of dollars). Increase or decrease since October 22, October 15, October 23 19^7 19^7" 19U6 . A S S E TS Gold certificates 20,201^,670 + 75,000 +2,839,21*1* Redemption fund for i\ B. notes 691,700 - 3,61i8 - •' 86,338 # Total gold certificate reserves 2Q,976,i* 50 + 71,352 +2,752,906 Other cash 255,133 + 9,220 - 27,3U6 Discounts and advances 12*4,707 -••21,23U - 123,270 Industrial loans 1,910 + 075 Acceptances purchased 2,122 3o0 '+ '2,122 U S. Govt* securitiesi # Bills l3,561t,08U -3l*8,7U8 - 570,382 Certificates 6,999,1466 --99,500 - U75,535 Notes 500,300 + 3,000 - 189,000 Bonds 707,690 - 1*7,600 Total U, S Government # securities 21,772,3140 •Ui5.2it8 -1,283,317 Total loans and securities 21,901,159 -1*66,81*2 -1,1*03,590 Due from foreign banks 95 3 + 3 F # R. notes of other banks 130,756 + 5,358 + 1*,3W4 Uncollected items 2,967,2214 ^91,929 + 637,7143 Bonk premises 33,2714 + 29 + 590 Other assets 53,928 + 1,11*0 * 7,152 TOTAL ASSETS U6,313,019 -871,675 +1,971,782 L I A B I L I T I ES .. . * . ;•..., Federal Reserve notes 214,1*91,686 - 61,695 60,582 Depositsj Member bank - reserve.account 17,037,1410 -191,512 +1,258,050 U.S«Treasure r~gene ra1 ace ount 607,562 -228,168 + 238,316 Foreign 1417,092 +111*. 782 - 80,205 Other 1*76,563 - 8,238 + 39,032 Total deposits 18,568,627 -313,136 +1,1*1*7,993 Deferred availability items 2,520,11*3 -5OCI4I46 '+ 521,1*60 Other liabilities including accrued dividends 20,761* + 137 + 8,0l*2 TOTAL LIABILITIES l*5,6oi,22o _-675,iliO +1,916,913 C A P I T AL A C C O U N TS Capital paid in 193,791 +' I4I + 8,986 Surplus (Section 7) + 81,1*68 1439,823 Surplus (Section 13b) 27,U55 + 27 Other capital accounts 55,730 + 3,1*21* - 35,612 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 146,318,019 -871,675 +l,97l,'782 Ratio of gold certificate reserves to deposit and F.R.note liabilities combined 5.0% Contingent liability on bills purchased for foreign correspondents 3,oi*6 + 10 568 Commitments to make industrial loans 7,3li5 + 19 1,157 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

lUul(b) ST^TEIiENT OF CONDITION OF THE FEDERAL RESERVE BANKS OK OCTOBER 22, lylfl (In thousands of dollars) S S B T S Total Boston Hew York Phila. Cleve Rich* Atlanta Chicago St L6uis Minn. Kans.Cy. Dallas San Fran* # # Gold certificates 20,28U,67O 719,835 5,522,981 9^2,222 13U9,337 1166,569 1106/731; ^03,967 599,221 i|68,U02 756,913 ^79,1602769,329 Redemption fund for F. R. notes 691,780 5U,839 118,999 59,9^8 7k,718 63,185 hlAQh 97,069 Wi,989 22,998 35,81+0 25,890 52,101 •# Total gold certificate reserves 20,976,1*50 llhr6lk 5,6itl,980 1002,170 lli2U,055 1229,75U 11^7,913 i;501,056 &*l*,2io 1*91,1*00 792,755 505,050 2021,^30 Other cash 255,153 25,260 l*U,6l3 1U.U30 21,61*7 Hi,599 21,165 37,35U 11,889 6,155 8,827 10,511 58,885 Discounts and advances 121;, 787 9,105 2U.U95 21,019 10,369 9,721 5,860 6,582 12,508 1*,988 11,1*32 3,00l* 5,906 Industrial loans 1,910 — — 1,871 — 59 acceptances purchased 2,122 — 2,122 U. S. Govt, securitiesr Bills Certificates Notes Bonds Total U. S. Goves rnment securities 2l,772,5Uo 1U87.933 5,929,125 1520,112 2006,081 1276,809 1052,869 2726,1*27 n6o,8Uo 586,675 1015,670 959,620 201*9,881 Total loans and securities 21,901,159 iii97,056 5*956,01-2 151*5,002 2oi6,U'50 1286,569 1058,729 2752,809 1175*31*8 591,661 1027,102 962,621; 2055,787 ioie from foreign banks -95 6 l/26 89 5 1 * 1 1* 1* 5 1* 3 9 F.R. notes of other banks 150,756 1*,261* 2?, 118 6,1*75 7,21*0 12,1*1*1 10,80l* 16,685 9,157 10,755 8,850 1*,222 17,789 Uncollected items 2,967,221* 2^5,187 577,277 210,5u5 285,755 266,026 175,822 l;l*6,12l* 135,900 81,925 ll*9,0C9 125,190 268,1*88 Bank premises 55,271* 1,255 8,29!* 5,ll*2 5,186 2,61*8 1,1*93 3,059 1,976 1,216 2,^68 805 1,752 Other assets 55,928 5,956 11,852 3,210 5,528 5,^1 5,155 7,152 3,2QU 1.518 2,528 2,806 5,608 PCTAL ttSSBTS 1^6,518,0192551,658 12,262,202 2782,980 3765,650 2815,583 2^19,070 77ii*,25l 1979,758 1181;, 609 1991^51*1 1611,011 5209,726 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 OCTOBER 22, I9U7 (In thousands of dollars) L I A B -I L I I E 3 Total B.oston New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas SanFran. Federal "Reserve notes 622,692 2667,038 21*,1*91,686 11*1*1,660 5,602,418 161*8,350 2107,911 1736,058 1399,099 4588,612 1121,840 617,883 938,125 Deposits: Member bank-re serve acct. 17,037,410 73l*,l65 5,277,177 833,706 1260,388 747,11*6 749,328 251*3,695 634,460 441,380 845,840 802,911* 2117,213 U.S.Treasurer-general acct. 607,562 - 1*3,12--3 120,723 35,775 44,859 49,904 51,148 73,644 1*3,512 27,642 32,71*5 31,769 54,713 x^'oreign 4i*7i.092 2i*,86l* 1/183,537 31,379 36,028 18,983 15,883 52,686 13,559 9,685 13,559 12,781* 3li,il*5 Other 1*76,563 - 4,538. - -402,078 1,891 7,971 1,992 2,j*08 4,130 3,013 1,630 155 1,693 40,06!* Total deposits 18,568,62? 856,690 5,983,520 900,7511349,21*6 818,025 818,767 2674,153 699,544 1480,337 39$,299 81*9,160 221*6,135 Deferred availability items 2,520, ll*3 206,103 41*7,812 171*, 607 239,971* 22i*,220 169,695 332,698 130,802 133,622 112,980 230,693 66,937 Other liabilities including accrued dividends 20,761* 1,11*8 6,811 1,285 2,009 975 350 2,971 732 81*0 1,675 53U TOTAL LIABILITIES 2*5,601^220 2505,601 12,040,561 272I*,993 3699, HiO 2779,278 2388,1*11 761*8,1*34 1953,070 1165,691 1961*,828 1585,672 511*5,541 Capital paid in 193,791 11,233 68,334 1U,317 16,819 3,175 7,1*1*7 23,11*6 6,31*3 4,274 6,1*77 7,225 18,001 Surplus (Section 7) 1*39,323 27,-57 136,549 34,720 1*1,394 20,676 18,663 65,078 16,577 10,997 15,729 13,777 38,io6 Surplus (Section 13b) 27,455 3,012 7,253 4,139 1,007 3,325 762 1,1*29 521 1,073 1,137 1,307 2,il*o Other capital accounts t.235 9,505 U.U61 5,290 4,129 5,767 6,161* 5,21*7 2,57U 3,370 3,030 5,938 55.75C J±X TOTAL LIABILITIES All CAPITAL ACCOUNTS 1*6,318,019 2551,633 12,262,202 2732,930 3765,650 2815,533 21*19,070 7744,251 1979,753 1131*,609 I99l,5lil 1611,011 5209,726 Contingent liability on bills Durchased for foreign correspondents 3,Ol;6 195 2/ 97$ 21*7 283 1U9 125 107 76 107 100 268 Commitments to make industrial loans ?,3U5 p,»31 1,1*52 77 1*27 28 580 — 3,750 150 r\ R. notes outstanding 25,231,9J4.2 1501,599 5,768,131 169S,619 2168,098 1780,32-5 11*1*6,349 468l*,ll6 1162,951 630,11*8 962,893 651,179 2777,501* Collateral for F. R notes # held by F R. Agents- # G-old certificates 12,278,000 1*1*0,000 3,1*70,000 515,000 695,000 600,000 725,000 2,850,000 300,000 134,000 260,000 169,000 2050,000 Eligible paper 68,51*0 6,575 8,755 17,320 7t 7Q5 — — 11,125 4,000 10,050 2,430 U.S.Govt, securities 2,1*00,000 1200,000 1500,000 1200,000 750,000 1900,000. 950,000 1*50,000 700,000 500,000 1000,000 13,650,000 1100, :oo= MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 .to 31 to 61 to 9I days to 6 months 1 to 2 2 to 5 Over Total 15 days 50 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 121*, 787 79,ol*6 4,955 3,275 35/593 1,907 11 Industrial loans 1,910 1,355 25 x 9 26 .511 109 302 Acceptances purchased 2,122 733 589 750 U. S. Govt, securities 21,772,340 2,951*, 157 2,200,702 1*,337,423 1,676,313 2,1*00,662 1*, 020,393 255,150 1*27,540 1/ After deducting $263,1*32,000 participations of other Federal Reserve Banks. 2/ After deducting $ 2,071,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis