H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDBRAfc RESERVE SYSTEM (Released for Publication. Friday morning,' November 7,^9^-7) H.lul November 6, I9U7 CONDITIOE OF THE FEDERAL RESERVE BANKS During the wee£ .ended November lj member* bank reserve balances increased $229,000,000, Additions to member bank 'reserves, arose from decreases.of i O^q.000,000 in Treasury, deposits with Federal Reserve Banks, 01k,000,000 in Treasury cash, and $12,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $14.2,000,000 in gold stock, offset in part by an in crease of $116,000,000' in. money in -circulation and a decrease of $1^9,000,000' in Reserve Bank credit. Excess reserves of member banks on November 5 were estimated to be approximately $1,010,000,000. Holdings of loans, discounts and advances decreased $169,000,000 and,of United States Governmetrt: seourities $10,000,000, The decrease in holdings of United States Government securities reflects an increase of $127,000,000 in notes and.'decreases of $118,000,000 in bills and $19,000,000 in'certificates. Changes in member bank reserve balances and related items during the week a&d the year ended November 5, 19)4.7 > wore as follows 1 Increase or decrease since November 5> October. £9, November 6, 19^7 19U7 19^6 (In million? of dollars) U S. Gqyernntent securities. 22,119 - 10 - 1,396 % % Loans, discounts 'and advances- . 206 - 169 - •.•".; 1 71 Other Reserve Bank credit 515 -+ 30 + 100 Total lie serve Bank credit 22,61:0 - 1U9 - 1,1*6? Gold Stock 22/536 + J|2 + 1,931 Treasury currency U,5% 1 + 3 Member bank reserve balances 17,088 + 229 + 1,028 Money in -circulation £•8,635 +• 116 - 115 Treasury cash l,5£U - lit - 952 Treasury deposits with F, R;- Banks 926 -1*29 + 518 Nonmember deposits and other F # R,accounts 1,55b '•" - 12 12 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED H.U.l(a) (In thousands of dollars) Increase or decrease since November 5, October 29, November 6 I9k7 191*7 191*6 A S S E TS Gold certificates 20,1*12,670 + 50,000 +2,951*, 21*1 Redemption fund for F. R. notes ' '679,j66 * 2,11*1* - 100,095 Total gold certificate reserves 21,092,236 + 1*7,856 +2,851*, 11*6 Other cash 259,037 - 7,631* 10,892 Discounts and advances 203,61+6 -169,1*11 - 172,1*1*3 Industrial loans + 61* • + 813 ' 1,917 Acceptances purchased - 1*1*1 + 1,369 1,369 U. S. Govt, securities: Bills 13,50l+,28l+ -118,000 -1,1*21,081* Certificates 7,047,805 - 19,161 - 1*7,207 Notes ' ' 859,300 +126,900 + 118,200 Bonds 707,690 •- 1+5,700 Total U. S. Government securities 22,119,079 - 10,261 -1,395,791 Total loans /and securities 22,326,011 -180,01*9 -1,566,052 Due from foreign banks 95 7 F. R. notes of other banks 120,31*1 - 11,158 - + 11,31*8 Uncollected items -111,111 + l*li*, 926 2,502,1*27 Bank premises - - -31* + . 590 33,208 Other assets + 2,158 + 10,762 58,323 TOTAL ASSETS 1*6,391,678 -259,972 +1,711*, 821 L I A B I L I T I ES Federal Reserve notes 21*, 51+3,376 + 90,852 - 11*6,310 Deposits: i Member bank - reserve account .17/087,565 +228,516 +1,027,21*6 U.S.Treasurer-general account 926,397 -1*28,185 + 518,31*1* Foreign 1+70,896 + 20,606 - 196,352 Other 1*51,503 - 11* ,808 + 151,378 Total deposits '18,936,361 -193,871 +1,500,616 Deferred availability items •2,188,712 -11*1,706 + 315,730 Other liabilities including accrued dividends 19,693 - 1,606 + 6,161* TOTAL LIABILITIES 1*5,688,11*2 -21*6,331 +1,676,200 C A P I I a A C C O U NT S Capital paid in 193,852 + 22 + 8,971* Surplus (Section 7) # 1*39,823 + 81,1*68 Surplus (Section 13b) 27,1+55 + 27 Other capital accounts - 13,663 - 51,81*8 . 1*2,1*06 TOTAL LIABILITIES AND CAPITAL ACCOUNTS -259,972 +l,7ll*,821 1*6,391,670 Ratio of gold certificate reserves to deposit and F. R note ' ' # liabilities combined 1*8. % 5.2f 0 Contingent liability on bills purchased for foreign correspondents 3,021* 5 2,51+9 Commitments to make industrial loans- 7,227 135 1,351+ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.lul(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OK NOVEMBER 5, I947 (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 20,412,670 751,392 5,73u,979 981,904 1302,280 1155,745 1066,310 4292,027 633,H7 488,815 729,561 508,121 2768,419 Redemption fund for F. R. notes 679,566 54,621; 118,135 59,587 74,456 61,757 140,980 86,806 46,90s 22,967 35,774 • 25,839 51,773 Total gold certificate _ 21,092,236 806,016 5,853,114 1041,4911376,716 1217,482 1107,290 4378,833 680,025 5H,782 765,335- 533,960 2820,192 ri serves Other cash 259,037 27,101 42,082 11,779 22,180 15,202 21,679 38,719 14,721 6,285 9,573 11,335 38,381 discounts and advances 203,646 16,314 59,878 22,197 35,170 9,112 9,120 11,876 6,'*33 8,595 14,548 2,947 7,456 Industrial loans 1,917 1,333 34 Acceptances purchased 1,369 1,369 — U. S, Govt, securities Bill5 .13,504,284 912,285 3,887,-275 968,881 1229,116 746,703 621,473 1640,614 708,840 347,774 608,090 556,566 1276,662 Certificates 7,047,805 468,959 1,566,-772 471,876 683,007 1490,567 386,307 993,21*5 385,718 214,299 369,014-357,596 660,447 Notes :859,300 57,170 191,02.7 57,533 83,276 59,812 47,100 • 121,100 47,029.. 26,128 4,4,992 43,600 80,525 BondS 707,690 » 47,090 157,521; 47,382 68,585 49,259 58,790 99,734" ,38,731 21,518 37,054 55,907 66,318 Total U.S.Government '• " securities 22^119,079 1485,512 5,802,398 1545,672 2063,932 1346,346 1093,670 2854,691 1180,318- 609,719 1059,150 993,669 2083,952 Total loans and ... . securitiei^ 22,326,011 1501,826 5,363,645 1569,752 2099,152 1355,492 1102;790 2866,567 1186,751, 618,311+ 1073,698 996,6162091,408 Due from foreign banks 9 5. ' ' 6 l/26" -.6 9 -. 5 4- U+ k 3 '' 4 3 9 F.R. notes of other-banks 120,341.' -5,408 l5,61;0 3,952 '6,745 11,907 10,364' "'l6,4-13' 6,829' 9,632 -,7,453 3,725 21,273 Uncollected items 2,502,427 207,719 405,088 183,006 229,867 226,270 166,021* iU6,&31 124,663 75,537 136,083 104,904 224,635 Bank premises 33,208. 1,250 0,276 3,137 5,176 2,61*1 1,490 3,052 1,979 1,211* '2,1*62 805 1,726 Other assets 58,323 •• 3,9o8" 11,807 3,496 5,871- -• -3,888 3,260 8,026 3,504 1,677 2,886 3,055 6,905 TOTAL ASSETS 46,391,678. '25,53,291. 12,201,4j0 2816,621 37u5,7l6 2032,887 21*12,901 7728,455 2018,476 1224,444 1998,294 1654,333 5204,729 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.U.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON-NOVEMBER 5, 19)47 (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. Kans.Cy. Dallas SanFran. Federal Reserve notes 22*, 52*3,376 l2*2*o,oii+ 5,630,826 1650,331; 2106,867 1735,899 11*05.880 2*592,62+7 1129,617 6a,660 92+2,51*0 629,057 2658,055 Deposits: Member bank-reserve acct.17,007,565 776,897 5,221,295 823,111* 1255,831 72+5,32+1 758,575 2560,019 688,115 2+57, Olo 85U,506 01*2,1*56 2125,328 U.S.Treasurer-general acct, 926,397 70,626 199,515 75,2+81 65,105 81,1*80 1*0,551 108,1*50 ko075 51,615 59,788 1*6,151 81,581* f Foreign, 1470,896 27,12*8 1/ 185,052 51*. 271 39,3U8 20,752 17,32*7 57,5^2 ll*,809 10,578 ll*,809 15,962 57,518 Other 1*51,503 5,525 580,366 2,1*55 9,125 2,655 1,025 2,862 6,755 2,593 1,668 72+0 57,758 Total deposits 18,936,561 886,19!* 5,98l*,206 955,521 1567,U09 850,206 817,2962728,855 71+9,752 522,596 910,771 905,289 2280,1*68 Deferred availability items 2,188,712 180,936 361,669 172,861 2o2*,2*80 96,1*55 200,91+9 Other liabilities including 210,551 159,185 509,911* 112,279 61,211 118,262 accrued dividends 19,695 1,155 5,656 1,298 2,11*5 81*1 1,701 1,002 838 2,81+9 881 52+6 803 TOTAL LIABILITIES ~1~* 5,688,11*2 2508,299 11,982,557 2759,81!* 5680,899 2797,638 2385,199 7651+.265 1992,529 1206,015 1972,376 1629,622 511+1,153 Capital paid in 195,852 11,235 68,552 11*. 319 18,821* 8,179 7.1+56 23,168 6,51+2+ 1+.275 6,1+85 7,256 18,001 Surplus(Section 7) 1*59.825 27,557 156,51+9 3l+,720 1*1,591+ 20,676 18,665 65,078 16,577 10,997 15,729 15,777 38.106 Surplus(Section 13b) 27,1+55 5,012 7,253 l*,i*89 1,007 3,525 762 1,1*29 521 1,073 1,137 1,307 2,l!+0 Other capital accounts 1*2,1*06 3,193 7,007 3,279 3,592 3,069 2,621 1*,517 2,505 2,086 , 2,567 2,1*1*1 5,329 TOTAL LIABILITIES AND : CAPITAL ACCOUNTS 1*6,391,678 2553,29!* 12,201,1+78 2816,621 372+5,716 2832,887 21*12,901 7728,1*55 2018,1*76 1221*, 1*2+2* 1998,29!* 1652*,385 5202+.729 Contingent liability on bills purchased for foreign correspondents 3,021; I93 2/968 21*5 281 12+8 121* 1*11 106 76 106 100 266 Commitments to make industrial loans 7,227 850 1,595 77 i+oo 28 580 3,750 11*7 F. R. notes outstanding 25,211*, 130 11*98,550 5,761,065 1695,579 2168,180 1778,857 11+2*8,106 1+679,171+ 1168,512 652+,255 963,710 65l+,2+29 2765,155 Collateral f or F. R. notes held by F.R. Agentst Gold certificates 12,559,000 1*1*0,000 3,1*70,000 515,000 695,000 650,000 725,000 3010,000 315,000 190,000 280,000 169,000 2100,000 Eligible paper 117,287 15,895 1+6,882 19,135 7,260 ^- 5,H0 7,650 15.225 2+.130 U.S.Govt, securities 15,1*00,000 1100,000 2,1*00,000 1200,000 1500,000 1150,000 750,000 1700,000 950,000 2*50,000 700,000 500,000 1000,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 51 to 61 to 91 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 203,61*6 150,1*1*7 11,055 20,687 21,2+61 5 Industrial loans 1,917 - 1,367 25 36 26 52+ 111 298 Acceptances purchased 1,369 606 *591 372 U. S. Govt, securities 22,119,079 3,182,282 2,1*81,985 5,106,771 5,351,2+68 662,890 2+, 650,993 255,150 1+27,52+0 l/ After deducting $287,708,000 participations of other Federal Reserve Banks. 2/ After deducting $ 2,056,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis