H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF G0V3RF0RS OF TII.3 • F3uJR^L R23I±)RVS--SYSJTECL; (Released for Publication Saturday morning,: November 2o, l^kl) Hi^l I"Jov§rabe£. 28 I9I1.I $ CONDITION OF THE F3i>SFiaL riESSRVE. BLTcXS During the week ended November 26 member ban}: 'reserve balances increased ..$53*000,000. Additions to member bank reserved arose from a decrease of '$246,000,000 in Treasury deposits, with Fuclera!! Reserve Banks and increases of $8i;,000,000 in gold stock and $2,000,000 in Treasury currency, offset in. part *hy increases of #130,000, 300 in money in circulation, $33,000,000, in nonmember1 deposits and other Federal Reserve accounts and £3*000.,000 in Treasury cash and a decrease of $107,000,000 in Reserve Bank credit. Excess reserves of member banks on November 26 were estimated to be approximately $1,010,000,000. Holdings of loans, discounts and advances increased £175*0" imem 30 an£ of United States Government securities 017*000,000. The increase in holdings ..of United States Government securities reflects .a decrease of 0232,000,000 in/oills and increases' of $137,000,000 in bonds, $55,000,000 in no •:.-•• s" and $28, 000, 000 in certifibates # Changes in member ban.k roearve balances and related items durinr one 'week and the year ended' IT ovember 26, 19^7, were as follows: Increase or aecreas^ since Ilovombef 2.6, November I9, November 27, I9u7 19V7 19^6 (In millions of dollars) b% 3,, Gove mine nt securities 22, -239 + 17 -i,¥e Loans , discounts,;, and advances 375 + 175 + 91 Other Reserve Bank credit 320 - 299 - 130 Total Reserve Bank credit 22, ,93k - 107' -l,i;82 Gold stock; ' 22, .597 4. Ph +2,128 '-"-+>• Treasury currency + + 6 Member bank reserve.balances 17,121 + .53, + 990 Money in circulation 28,725 + 150: - 90 Treasury cash- 1*330 + 3 ~ 9U Treasury deposits with P. R f Banks l,3.lU — . d - - U \ O / + 6i; 9 Nonmember deposits ard'-other F,R # accounts 1,595 + 58 + UI Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF; THE KffiJLVE FEDERAL RESERVE BaNKS COMBINED H.li.l(aa>) (In thousands of dollars)' Increase or decrease sine a iCovember 26, November 19, November 27, 19^7 19U7 19^6 A S S E TS Gold certificates 20,660,170 . + 79,000 •+3,130,992 Redemption fund for F> R m > notes . 682,968 + 226 - 97,l47U Total gold certificate- reserves 21,3U3,138 + 79,226 +3,033,518 Other cash 262,621 - 6,231 - -9,571 Discounts and advances .. 370,1+91 . + 171,671 •+- '87,7-63 Industrial loans 14,721 * 3,279 + 3,660 Acceptances purchased 629 233 + 629 U. S. Govt, securities* Bills 12/669,278 - 231,6^6 -2,093,oiU Certificates 7,213,1405 + 27,500 - 87,6Q7 Notes 1,-398,-750 •+ 8k,750 + * 563,6i?o Bonds 928,033 + 136,922 + 17J4,6J43 Total U. S # Government "•'ii'.t 1 in no MI > 11 I.I m<- 22,239, k 66 + 17,526 '-l,Uli?,328 4 *' *l " Total loans arid securities 22,615,307 + 192,213 -1V359,27^ Due from foreign banks : 95 . -7 F. R, notes of other banks . 125,712 5,652 - 3Mh Uncollected items 2,611,14.22. .- 695,331 . + .270,298 Bank premises 33,201 3l4 +' . 628 Other assets 7Q,8ii9 + 6,1+50 + 16,820 TOTAL ASSETS i+7,o62,3u5 1^29,829 +1957,966 L I A B I L I T I ES Federal Reserve uot?s 2li,635,735 + 1114,559 - 1W4,019 Deposits? Member bank-reserve account '17,120,791 + 53,271 + 989,7UU U.S.Treasurer-general account 1,313,869 + 6I49/2I43 Foreign 1450,700 i+k, 678 190,03+4 Other 513,1477 1,399 + ' 205,879 Total deposits 19,1403,837 ' - 1U9.77U + l,'65l+.,832 Deferred availability items 2,292,519 - 396,565 + 1401,269 Other liabilities including accrue Jd * dividends 20,1405' 291 '+ ' '%hhj> TOTAL LIABILITIES '146,352,1196 - ^32,071 + 1,917', 525 C A P I T AL A C C 0 U N TS Capital paid in 1199UU,,55UU88 11II44 ,,++ • • 9,507 Surplus (Section 7) 11++3399,,882233 ++ 81,1+68 Surplus (Section 13b) 2277,,11++5555 ++ 27 Other capital accounts pp88,,002233 .. ++ ::22,,225566 50> 561 TOTAL LIABILITIES AID CAPITAL ACC;: XJNTS i l+7,062,345.; -. 1429,829 ,+ .1,95.7,966 : Ratio of gold certificate reserves \ to deposit: and F* R. note liabilities combined -' i|8.9> Contingent liability on bills purchased. ^ ^ ^ for foreign correspondents 2,905 127 J,U09 Commitments to make industrial loans 7#U67 78 1,161 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

IIJu 1(b) _ STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH NOVEMBER 26, 191+7 (In thousands of dollars) A S S E TS Total Boston New York Fhila, Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFfan* Gold certificates 20,660,170 782,285 5,833,623 1031,1+1+8 11+03,550 1155*336 1039,776 hhoo,876 573,81+6 501,003 707,933' U96,185 2729,307 Redemption fund for F. R. notes 682,968 5l+,l+06 t22,l**l 60,22p 75,HU 60,529 1+0,768 86,531 1+6,820 22,921; 35,710 26,276 51,529 Total gold certificate ^serves 21,31*3,138 836,691 5,955,761+ 1091,668 li+73,661+ 1215,867 1080,51+U 1+1+87,1+07 625,666 523,927 71+3,61+3 522,1+61 2780,836 other cash 262,621 25,186 1+2,836 10,738 22,862 16,21*1 21,669 37,761+ 17,550 5,925 10,755 13,308 37,787 discounts and advances 370,1+91 17,657 113,171 28,507 3l+,!+81 1+1,277 19,870 15,026 20,623 2,695 26,273 2,91*7 1+7,961+ Industrial loans U,721 1,1+81 1+0 3,200 - Acceptances purchased 629 629 - - U, S. Govt, securities} 3 iHs 12,669,273 862,600 3,685,636 906,329 Hl+8,378 693,836 577,036 l52l+,552 667,217 32l+,082 567,365 519,278 1192,969 Certificates 7,21+3,1^5 l+3li,l+l6 1,621*,119 1+90,72? 701,801+ 1+99,637 395,872 1012,132 392,893 218,780 376,661 362,370 683,1+91+ I-oteS 1,398,750 93,51+1+' 513,629 9^,763 135,523 96,1+83 76,1+1+6 195,1+50 75,870 1+2,21*8 72,735 70,072 131,987 Bonds 928,033 62,o61t 200,085 62,872 89,916 61*,oil* 50,720 129,676 50,337 28,030 1+8,258 1*6,1+91 87,570 Total U.S.Government securitye s 22,239,1*66 1502,621* ^831,1+69 155l+,69l 2075,621 1353,970 1100,071+ 2861,810 1186,317 6l3,ll;0 1065,019 998,711 2096,020 Total loans and securitys s 22^615,307 1520,281 5,91+5,269 i58l+,679 2110,102 1395,287 1123,11+1+ 2076,836 1206,91+0 615,835 1091,292 1001,658 211*3,901+ Due from foreign banks " * 95 6 l/ 26 " *8 ' '9 5' 1+ - ll+ h 3- -h 3 9 r.R. notes of other banks 125,712 3,868 19,716 5,379 6,561+ 11,072 13,002 16,399 9,205 7,221 7,850 i+,955 13,301 Uncollected items • 2,611,1*22 220,760 530,750 181,727 21*6,727 236,229 155,675 391,007 116,975 61+,593 UU,G73 H6,ll*2 208,976 cank premises 33,201 1,21*5 8,276 3,159 5,177 2,638 1,1+87 3,0lt5 1,977 1,211 2,^62 805 1,719 other assets ?o,sl+9 U,786 15,61*7 . l+,5k9- 6,995 l+,3l+l+ 3,91*5 9,9l-il+ 1+,197 2,05)4 5,571 3,565 6,952 TOTAL ASSETS 1*7,062,31*5 2612,823 12,518,272 2801,707 5*877,100 2002,903 2l*oo,27o 7822,1*16 1982,591+ 1220,769• 200J,l+ 50 1662,097 5199,06I* 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.ii.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER '26, I9I4.7 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phi la. Cleve. Rich. Atlanta Chicago St.Lquis Minn. Kans.Cy. Dallas SanFran.. Federal Rcoi-rve notes 214,635,735 1457,474 5,679,848 1671,739 2115,1477 1715,625 1395,1564608,203 1125,019 622,621 -938,5U0 625,"il+2 2652,891 Deposits: member bank-reserve acct.17,120,791 755,185 5,301,517 821+,515 12.62,155 768,383 741,030 25148,179 658,356 454 ,-577 849,208 841,969 2135,957 U.S.Treasurer-general acct. 1^13,869 125,1+83 230,901+ 11+2,183 172,818 100,153 59,975 177,009 60,335 58,525 50,027 48,-915 87,5414 Foreign 450,700 23,697 1/199,530 29,905 34,356 18,091 15,157 50,211 12,922 9,230 12,922 12,1814 52,555 0ther 518,1477 2,1+75 450,956 2,004 5,891 2,069 2,305 5,227- 5,910 __L22k 787 59,-556 Total deposits 19,403,837 906,8^0 6,182,,687 998,607 1)475,200 888,696 818,447 2778,626 717,505 524,315 9l5',49i 905,855 2295,572 Deferred availability items 2,292,519 201,903 1+28,6214 -.152,864 218,803 211,951 155,758 556,982 Hu.,799 54>665 122,302 107,958 185,910 Other liabilities including accrued dividends 20,1405 1,153 6,061 1,271 2,089 1,055 865 2,970 J2°JL 559 811 868. 1,839 TOTAL LIABILITIES 46,352,496 2567,570 12,297,220 28214,1^81 3311,569 281+7,505 2370,2214 7726,781 1956,229 1202,11*0 1975,144 1637,821 5156,212 Capital paid in 194,548 11,226 68,545 14,552 18,855 8,183 (,UOI 25,719 6,352 4,280 6,490. 7,266 18,035 Surplus(Section 7) 459,825' 27,557 136,549 34,720 •41,394 20,676 18,66^ 65,078 16,57-7 10,997 15,729 13,777 38,106 surplus(Section 13^) 27,455 5,012 7,255 4,489 1,007 3,525 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 48,023 5,658 8,907 3,685 3,154 5,409 .-2,915 2.279 2,950- _2*226_ .-4,571 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+7,062,545 2612,823 12,518,272 2881,707 3877,100 »882,983 21+00,270 7822,1+16 1982,59!+ 1220,769 2001,450 1662,.897. 5199,064 Contingent liability on bills purchased for foreign correspondents 2,905 186 2/ 930 235 270 142 119 395 3.02 75 102 96 255 Commitments to make industrial loans 7,467 766 1,395 77 +00 3.52 580 3,750 147 f« R. notes outstanding 25,289,864 1509,21+8 5,792,477 1709,770 2182,388 1782,695 1442,273 1.686,865 1167,332 636,647 962,081 660,141 2757,91+7 Collateral for F.R. notes held by F.R. Agents: Gold certificates 12,509,000 440,000 3,470,000 515,000 695,000 650,000 725,000 3010,000 315,000 190,000 280,000 169,000 2050,000 Eligible paper 270,421 15,238 99,675 25,1 45 -— 39,425 -— -— 19,3;0Q '1,750 24,950 44,658 4 U.S.Govt, securities 13,400,000 1100,000 2,1+00,000 1200,000 1500,000 1150,000 750,000 1700,-000 950,000 450,000 700,000 500,000 1000,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 61 to 91 d&ys to 6 months l to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months to I year years. 5 years Discounts and advances years 370,491 318,565 25,491 2.5,286 1,098 29 '21+ Industrial loans 4,721 4,64o 40 1 2 25 Xicceptances purchased 629 538 21+1 4- 11 U« S. Govt, securities 22,239,k66 3,510,481 2,055,094 4,894,151 4,310,774 797,990 117,0^0 590,885 5,463,045 l/ After deducting $251,056,000 participations of other Federal Reserve Banks. 5/ After deducting $1,975,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis