H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BQA.HD OF GOVEBNO!iS OP EID T JDSRAL HEBEiJVE SYSTB1.I (Released for Publication Friday morning, November 21,19JU7) :JUuI November 20, I9I4.7 CONDITION OV' THS FEDERAL RESERVE BANKS During the week-ended November 19 member bank reserve balances increased •V229,000,000, Additions to member bank reserves arose from increases of $352,000,000 in Reserve Sank credit, 71,000,000 in gold stock and 32,000,000 in Treasury currency, and from decreases of $1 lit,000,000 in money in circulation and ^25,3Q0,OQO,in nonmembaf* deposits and other Federal Reserve accounts, offset in part by an increase of $336,000,000 in Treasury deposits with Federal Reserve Banks. Excess reserves of member banks on November 19 were estimated to be approximately $930,000,000* Holdings of loans, disccunts arid advances decreased $231,000,000, while holdings of United States Government securities increased $170,000,00* The in crease iri holdings of United States Government securities reflects a decrease of •$32Ut000,000 in bills, and increases of $31^,000,000 in notes, $107,000,000 in certificates, and 053,000,000 in bonds. Changes in member bank reserve balances and related items during the week and* the year ended November 19, 19)4.7, were as follows; Increase or decrease since November 19, November 12, November 20, 19U7 I9J47 W (In millions of dollars) U. S Government securities 22,222 + 170 -1, 300 # Loans, discounts and advances 200 - 231 - 131 Other Reserve Bank credit 619 + U3 + 157 Total Reserve Bank credit 23,0m + 352 -1 , 273 Gold stock 22,513 * 71 +2, 052 Treasury currency U,552 * 2 + h Member bank reserve balances 17,068 * 229 + 970 ilofrey in circulation 28,595 - Ill; - 9U Treasury cash 1,327 1 - 958 Treasury deposits with F R«. Banks 1,560 + 336 ,+ 927 f jnmeiriher deposits- and other F.R.accounts 1,557 - 25 • 61 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEJfciTT -Of CuiiDITION '• OF TliE !THSLV3:FBD2RiL"8aSEKVE E»HfKS iCOLiBIKBD H.4.l(a) (In thousands of dollars) Increase or decrease since November 19* Nc• vember 12, i-Iovember 20, 19^7 19U7 19U6 ii^sjrg T^s: Gold certificates 20,581/170 + 70,000 +3,066,743 Redemption fund for F # It. notes '' ''666622,,7711++22 33^^220000 .. ..• - " 94,603 Total gold certificate reserves 2211,,226633,,991122 7733,,220000 +2,972,140 Other cash 266,852 + 22,1^08 - 10,872 Discounts and advances 198,820 •r 230,17U - i30,,650 Industrial loans ' 1VUU2 - i- U98 " "•• + - .330 Acceptances purchased ;862 - 1UU +• 862 U.S. Govt, securities: Bills •I2,900;92U r 333,650 -1,769,012 Certificates 7,215^905 ¥-107,100 - >, kilter Notes 1,31^000 .. * 313,500, +.. ii78,900 Bonds . 791.111 + 53,1*21 + 37,721. Total U.S.Government """ securities ' •' T • 22,22IJ9UO i+ 170,371 -1,299,998 Total loans and securities ''22U23,o6U :- 60, Ui 5,* -I",;li29,it56: t Due from foreign banks 95 «.«« - ' 7 F. R. notes of other banks > 27,504 - • .7,718; Uncollected items 3,307,253 : + 648,216 + :649,784 Bank premises 33>235 > • 27.; .'+", '628 Other assets 6^,399 + 3,144 • + , 12,0U? TOTAL ASSETS 47,492.174 + 714,054: +2,186,546 L I.A B I L J II E. S; P'ederal Reserve notes s ,521,176 - 64,564 - 154,335 Deposits: Member bank - reserve account 17/067,520- + 228,728- +. 969,641 U.S.Treasurer-general account 1,560,193 + 336,672 + 927,019 Foreign ii06,022 - 37,014 - 190,346 Other 519,876 + 12,873 + 95,085 Total deposits 19 i 553,611- + 541,259 +.1,801,399 Deferred availability items 2,689,08u + 235,188 +'"' 493,090 Other liabilities including accrued dividends 20,696 + 666 + 6,609 TOTAL LIABILITIES.. ' 46,784,567- ' + 712,549 +2,146,763 0 A P I T A L A C C 0 U tl T S Capital paid in 194,562 532 +• 9,578 Surplus (Section 7) 439,823 +; 81,468 Surplus (Section 13b) 27,455 + . 27 Other capital accounts 45,767 973 - 51,290 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,492,174 + 714,054 +2,186,546 Katio of gold certificate" reserves to deposit and F.-R. note * * ' liabilities combined 48.2% .4% 5.1: •/° Contingent liability on bills purchased for foreign correspondents 3,032 14 3,292 Commitments to make 'industrial loans '7,545 369 1,020 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.ii.i(b) STATEMENT OF CONDITION OF THE FEDE1&L RESERVE BANKS ON NOVEMBER I9,l9lt7 (In thousands of dollars) A S S E TS Total Boston Now York ' Phila.. Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Gold certificates . 20,581,170 :':768.;509 5,880,1a? 1011,019 1358,036 1109,111 lo6l,673 4320,902 613,129 479,077 730,522- 500,82327147,952 Redemption fund for " ; F. k. notes 682,71*2 ., 5l*,l*59 122,1+3? 60,282 7l*,2o6 60,552 1*0,809 86,572 1*6,81*7 22,91*0 35,738 26,289 51,631 t Total -old certificate reserves 21,263,912 822,91*8 6,002,854 1071,301 11*32,21*2 1169,663 1102,1*82 1+1*0?,1*74 659,976 502,01? ' 766,260 527,1122799,583 other cash 268,852 25,228 48,209 13,11a 21,664 15,344 23,086 39,308 18,149 5,732 9,1484 11,773 37,734 Discounts and advances 198,320 10,139 46,756 1U,W|2 H*,6o6 22,202 8,720 12,376 15,268 10,21*5 18,598 2,91*7 22,521 Industrial loans 1,142 — — 1,409 — 33 •ucceot&nccss purchased 862 — 862 U. S. Govt, securities: ~. Bills 12,900,9214 851,458 3,7Ul,575 923,682 1170,777 708,501* 589,563 1580,687 6?7,5li2 330,655 578,663 531,832 1216,186 Certificates 7,215,905 4^1,990 1,614,626 1*87,450 699,178 498,831 394,648 1010,374 392,81*3 218,302 375,353 362,609 679,766 ;>Ic?tes 1,314,000 87,770 294,019 88,770 127,319 90,836 71,864 183,-986 71,428 39,752 68,442 66,030 123,781,' B°ndS 791,111 52,81*3 177,018 53,1A5 76,654 54,639 43,-267 110,771 43,004 23,933. 1*1,207 39,754 74,526 Total U.S. Government securities 22,221,940 ll*74,06l 5,327,2-38 1553,377 2073,928 1352,860 1099, ll*2 2885,818 1184,222" 612,642 1064,165 1000,225 2094,262 Total loans and. securities ' 22, 23,o64 1484,200 5,874,856 1569,228 2038,53^ 1575,095 1107,862 2898,194 1199,490! 622,887 1082,763 1003,172 2n6,783 4 Due from foreign banks. : 95 6 l/ 26 8 9 5 4 I4 4 : • 3 4 3 9 F.R. notes of-other banks 131,364 4,989 2~3,23l* 5,998 . 7,159 .12,22k- 12-,265 17,625 9,91*0 : 8,81*4 ' 7,195 4,621- 17,267 Uncollected items 3,307,253 289,9-87 675,2149 225,152 519,39? 288,71*9 188,692 1*83,068 142,631 81*,61*9 164,159 153,685 293,835 Bank premises- 33,235 1,250 8,276 3.I04 5,176 2,61*1 1,490 3,052 1,979 1,211* 2,1*62 805 1,726 other assets 6u,399 hM9 15,752 3,928 6,372 1*,344 3,597 9,115 5,8?2 l,8?5 5,296 3,515 6,1*88 TOTAL ASSETS 47,492', 1?4 2633,057 12,61*6,1456 2889,920 3880,55*3 2868,065 21*39,1*78 7857,848 2036,041 1227,219 2035,623 1704,1489 5273,1*25 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.lU(fr) STATELET OF CONDITION OF THE .FEDERAL RBbERl/E BANKS OK SOVEHBER I9, lgltf (In thousands of dollars) L H ' B I L I I I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas SanFran. Federal Reserve notes 214,521,176 1*447,200.5,613,485 1655,278 2108,952 1742,250 1596,557 4591,211 1125,156 621,918 939,H7 629,210 2654,382 Deposits: Member bank-reserve acct. 17,067,520 758,199 5,2)47,818 828,587 1264,826 758,806 757,2214 25/45,555 655,864 446,842 859,137 8l;4,648 2122,216 U.S.Treasurer-general acct.1,560,I93 115,594 421,177 151,454 149,724 97,859 65,785 177,771 '88,119. 62,957 66,190 64,077 121,486 Foreign 406,022 22,206 1/170,685 28,018 52,169 16,949 14,182 47,042 12,107 8,648 12,106 11,415 50,495 Other 519,876 2,l420 1*56,021 1,759 6,778 1,922 812 2 , 5 9 8 4 0 29 2,028 256 626 58,047 Total deposits- 19,555, oil 896,4.19 6,295,701 939,818 lli53,497 855,536 858,005 2772,5.6)4 760,119 520,475 937,669 920,766 2515,044 Deferred availability items 2,689,OOlj. 242,950 509,907 180,453 250,785 255,027 174,196 595,051 125,631+ 65.756, 151,904 128,721 2141,090 Other liabilities including accrued dividends 20,696 1,100 6,955 l,21ik 1,970 94l 820 2,912 365 508 : 786 O '~j f~* l,773„ 6dd TOTAL LIABILITIES 46,784,567 2587,669 12,U26,043 2852,773 3815,204 2052,55!; 2409,556 7762,5-18 2009,8214 1208,657 ^009,476 1679,519 5210,739 Capital paid in 194,562 .11,225 68,342 14,330 18,896 8,183 7J463 23,716 6,347 It,280 6,486 7,262 18,052 Surplus (Section 7) 439,825 •27,557 136,549 34,720 41,594 20,676 18,663 65,070 16,577 10,997 15,729 13,777 38,106 Surplus (Section 13b) . '27,455 3,012 7,253 4,489 1,007 3,525 762 1,429 521 1,073 1,157 1,307 2,140 Other capital accounts 45,767 5,594' . 0,261. 3,608 4,052 5,547 3,0 34 5,107 2,772 -2 ,,795 2.62I4 li.^a TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,492,174 2655,057 12,646,456 2009,920 5000,555 2063,065 2459,473 7057,814 2036,041 1227,219 2035,625 1704,439 5275,425 Contingent liability on bills purchased for foreign correspondents j 032 194 2/ 970 2U6 28£ lli9 12I4 412 106 76 106 100 267 Commitments to make industrial loans 7,545- 3li5 1,395 76 400 352 580 - 3,750 lii7 F.R. notes outstanding 25,251,585 1504,380 5,769,005 1702,292 2169,221 1702,672 1448,494 4607,441 1165,866 656,059 965,659 657,385 2766,629 Collateral for F.R.notes held by F.R.Agents: Gold certificates 12,559-,000 440,000 ;.5,470,000 515,000 695,000 650,000 725,000 5010,000 515,000 190,000 280,000 169,000 2100,000 Eligible paper ' : 133,425 7,720 3u;,26o 11,300 — 20,350 15,9U5 9,300 17,275 19,195 U.S.Govt, securities i5;Uoo,ooo 1100,000 2,400,000 1200,000 1500,000 1150,000 750,000 1700,000 950,000 450,000 700,000 500,000 1000,000 MATURITY DISTRIBUTION OF LOAFS AITD SECURITIES Within 16 to 31 to 61 to 9I days to 6 months 1 to 2 2 to 5 Over Total . 15 days 30 days 60 days 90 days 6 months to I year years years 5 years Discounts and advances 190,820 152,252 6,655 31,703 ' 3,157 29 24 Industrial loans 1,442 1,563 33 1 2 4 11 23 Acceptances purchased 862 491 571. U.S.Govt, securities 22,221,9li0 3,526,065 2,273,938 4,873,505 4,830,640 647,890 5,31+3,793 255,450 470,661 1/ After deducting $255,212,000 participations of other Federal Reserve Banks. 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