H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U.l (For Immediate Release) August 18, 191*9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 17, member bank reserve balances decreased $251*000,000, Reductions in member bank reserves resulted from a decrease of $230,000,000 in Reserve Bank credit and increases of $?li,000,000 in Treasurydeposits with Federal Reserve Banks and $11,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by an increase of $ljO,000,000 in gold stock and a decrease of $26,000,000 in money in circulation, Estimated excess reserves of member banks increased from approximately $910,000,000 on August 10 to $1,380,000,000 on August 17, reflecting in part reductions in reserve requirements, announced on August 5> 19U9* which became effective during the week ending August 17. Holdings of loans, discounts and advances increased $103*000,000 while holdings of United States Government securities decreased $380,000,000, the latter change reflecting decreases of $214.6,000,000 in bills, $132,000,000 in certificates, and $2,000,000 in notes* Changes in member bank reserve balances and related items during the week and the year ended August 17, 19li9 were as follows: Increase or decrease since August 17* August 10, August 18, l?h9 19U9 19U8 (in millions of dollars) U S. Government securities 18,226 -380 -3,325 # Loans, discounts, and advances 21+1 +103 - 61 0~her Reserve Bank credit 22? + 1+7 •* 1+5 Total Reserve Bank credit 18,691; -230 -3,1+31 Gold stock 2h,608 + J4O + 900 Treasury currency h,S92 — + 27 Lumber bank reserve balances 17,096 -251 - 507 Lfoney in circulation 27,383 - 26 - 596 Ireas- -y cash 1,313 - 1 9 Treasury deposits with F, R. Banks kkh + 7U -1,519 Nonmember deposits and other F R* accounts 1,658 + 11 + 127 # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.l*.l(a) OF THE TWELVE FEDERAL RESERVE BANKS CCMBINED (in thousands of dollars) Increase or decrease since Aug. 17, Aug. 10, Aug. 18, _lj±9 191*9 191*8 A S S E TS Gold certificates 22,790,1*31 + 33,002 + 962,761 Redemption fund for F. R. notes 569,880 + 1,607 - 1^2,583 T^tal gold certificate reserves 23755b ,3TT +~37*7609 + "920,178 OFhi ~~as~E ' ' 296,7^2 + 5,577 + £8,900 Discounts and advances 21*0,007 +102,113 61,586 Industrial loans 518 8 170 U. S. Govt, securities! Bills 3,81+3,295 -21*5,900 -3,311,662 Certificates 6,256,900 -132,100 +1,123,1*93 Note 3 350,600 - 2,000 -1,^.07,000 Botfds 77,,777755,,220000 -. * 365,1*1*1* Total U, S. Government securities 1188,,222255,,999955 ---333888000,,,000000000 -3,3214,725 Tot'\l loans and securities 18, !* 66,520 ===222777777777333999333 -37386~1I8T Tr7 Trom foreign banks 1*9 «... — . ?, I<< notes of other banks 123,727 + 13,231 2,997 Hi..collected items 2,676,790 +1*33,288 - 170,1*21 3ar:k premises 32,696 + 2 + 207 Other assets 121*,569 + l*,80l* - 35,238 TOTAL ASSETS 1*5,081,20^ +218,616 -2,61*5,852 L I A B I L I T I ES Federal Reserve not es 23,276,919 - 12,219 - 585,729 Deposits t Member bank-reserve account 17,095,578 -251,081* - 506, &2 U.S. Treasurer-general account 1*1*3,782 + 71*,276 -1,519,522 Foreign 1*92,553 - 1,869 + 98,770 Other 1*76,999 + 15,600 - 9b, 711* Total deposits 18,508,912 ^W>, 077 -2,022,1*08 Deferred availability items 2,1*1+9,1*18 +390,912 - 125,630 Other liabilities including accrued dividends 8,597 955 3,331 TOTAL LIABILITIES l*U,2Ii3,8i*6 +211*, 661 -2,7377098 C A P I T AL A C C O U N TS Capital paid in 206,906 103 + 7,680 Surplus (Section 7) 1*66,711 __ + 18,522 Surplus (Section 13b) 27,5ii3 — — OOtthheerr ccaappiittaall aaccccoouunnttss 136,198 + 3,852 + 65,01*1* TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS ilb»081,2QU +218,616 -2.61*5,83? Ratio of gold certificate reserves to deposit and F, R. note liabilities combined 55«9% .3% 5M Contingent liability on acceptances purchased for foreign correspondents 3*279 + 7 1,1*59 Commitments to make industrial loans 2,06? 4- 18 U,l23 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ri.l+.l(b) STATEMENT OP CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 17, 191+9 (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 22,790,1+51 799,522 7,50l+,501 1171,569 l6li+,070 1051,625 98l+,65i 1+1+59,1+75 685,656 1+28,057 825,055 6il+,658 2695,81!+ Redemption fund for F. R. notes 569,880 51,052 1+6,852 1+5,951+ 71,1+56 51,761 1+1,1+95 90,295 1+5,608 22,606 55,292 25,655 1+5,876 Total gold certificate reserves 23,360.311 850,571+ 7,551,555 1217,505 1685,526 1085,586 1026,11+1+ i+529,768 727,21+1+ 1+50,665 858,31+7 61+0,5152759,690 other cash 296,71+2 56,1+97 51,176 15,989 51,627 19,166 22,781 57,1+21+ 15,055 6,kk9 15,005 10,21+7 59,55° Discounts and advances 21+0,007 8,825 ll+l,6l2 8,572 10,087 15,786 5,1+81+ 18,067 [+,968 l+,755 9,555 l+,08l 10,257 Industrial loans 518 i+96 1 21 U. S. Govt, securities: Bills 5,81+5,295 265,11+1 910,822 261,798 55l+,l+71 21+6,728 206,051 575,1+85 207,699 12l+,l+l9 185,892 166,21+2 3I+0,5l+7 Certificates 6,256,900 1+51,652 1,1+82,825 1+26,207 577,081 1+01,671+ 555,1+50 955,655 558,156 202,55U 502,651+ 270,61+5 55l+,l+H Notes 550,600 2l+,l87 85,089 25,882 52,556 22,507 18,797 52,516 18,91+7 11,550 16,958 15,165 51,066 Bonds 7,775,200 556,595 1,81+2,61+5 529,651 717,111; 1+99,11+5 1+16,352 1160,192 1+20,187 251,707 576,071 556,516 688,91+5 Total U.S. Government securities 18,225,995 1257,575 1+,519,579 121+1,518 1681,002 1170,051+ 977,150 2719,628 98l+,969 590,050 881,555 788,566 l6ll+,969 Total loans and securities 18,1+66,520 1266,200 l+,l+6o, 991 1250,586 1691,090 1185,861 982,651+2737,695 989,937 59l+,763 891,090 792,1+1+7 1625,226 Due from foreign banks 1+9 5 l / l6 1+ 1+ 2 7 2 1 2 2 1+ 2 F.R.notes of other banks 125,727 9,8l6 1^,563 10,000 6,67!+ 10,559 9,152 ll+,992 6,701 8 1+51+ 9 171+ 5 512 l6 150 Uncollected items 2,676,790 20l+, 21 0 ,6ol+ l 8,ll6 252,187 22 ,97l+ 18126O kosjll l l+,999 83 ^ llJ 855 1 3 ^3 228£52 9 5 3 7 5 5 Bank premises 32,696 1,152 7,961+ 3,0ll+ l+,769 2,506 fa 3 ^ 1 915 1 159 2 559 753 2 1+26 lf5 Other assets 121+.569 8,668 28,571 8,108 11,91+7 7,952 6.598 18!Q?6 1%1 3^05 c'M 5,?63 I Q ^i TOTAL ASSETS 1+5,081,201+ 2577,851 12,622,258 2681,120 5665,82!+ 2555,1+06 2250,112 771+8,1+52 1905,51+2 Hl+8,525 1925,658 1586,806 1+661,712 l/ After deducting $33,000 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 AUGUST 17, 1^9 (In thousands of dollars) L I A B I L I T I ES Totf.l -Boston New York Phi la * Cleve* Rich* Atlanta Chicago St.Louib Minn. Kans Cy« Dallas SanFran* # Federal Reserve notes 23,276,919 137U,863 5,338,5U2 1606,753 2066,906 15U3*216 1279*393 1I500,129 1069,011 605,330 915,556 603,^13 2373,807 Deposits » Member bank-reserve acct, 17,095,578 693,8li9 5,899,973 779,3lU 1228,li83 67)4,622 680,I/49 2^3,694 607,Li80 1112,912 801,^0 781,867 1891,295 U.S. Treasurer-general acct, 4/4.3,782 30,986 110,888 31,1497 32,132 3^52 33,81*5 37,99a 28,821* 21,032 22,is2 23,236 36,711; Foreign 152,553 30,571; 1/160,532 38,82ii hh,6hB 23,780 19,897 66,971 17>U?1 12,133 17,U7l 16,986 U3,216 Other 2+76,999 5,720 1409,513 2,020 5,U51 3,052 1,388 ii,ii86 5,lli6 1,551 U,862 1*87 35,323 Total deposits 18,503,912 759,129 6,580,956 8 5 ^ 55 13107711* 735^906 735,279 2753,lli5 65sT921 hk7*&8~ &k6,u55 822,576 2006,5ii8 DeTerred availability items 2 ,ii/49,if.l8 189,716 449,570 156,055 208,451 209,862 178,251 578,911 142,515 72,558 128,861 129,19)1 205,714 Other liabilities including accrued dividends 8,597 661 2,191 442 925 416 405 1,560 559 401 561 596 680 TOTAL LIABILITIES 44,245,846 ^524,569 12,571,259 2614,905 55857976 2489,400 2195,508 7655,545 1870,606 1125,917 1891,235 1555,*579~T586,749 Capital paid in 206,906 11,525 71,105 15,001 19,521 9,070 8,152 25,999 68ll 4,554 7,256 8,296 19,858 r Surplus (Section 7) 466,711 29,547 145,019 56,704 45,968 22,417 20,028 63,842 17,974 11,797 17,008 14,954 40,655 Surplus (Section ljb) 27,545 5,011 7,519 4,489 1,006 5,549 762 1,429 521 1,075 1,137 1.307 2,140 Other capital accounts 156,193 9,581 29,556 10,021 12,555 9,170 7,882 18,617 7,650 5,182 7,024 6.670 12,532 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,081,204 2377,331 12,622,238 2681,120 3665,824 2553,406 2230,112 7748,432 1903,542 1148,523 1923,658 1586,806 4661,712 Contingent liability on ace ept& noas purchased for foreign correspondents 3,279 207 2/1,036 262 302 163 134 452 113 82 118 115 292 Commitments to make industrial loans 2,067 60 — 113 1,774 15 — 28 — — — — 77 F.R. notes outstanding 23,976,838 1430,304 5,489,526 1652,529 2132,281 1593,453 1321,634 4572,289 1108,930 617,186 940,162 636,323 2482,471 Collateral for F.R. notes held by F.R. Agents. Gold certificates 13,854,000 440,000 4,670,000 750,000 900,000 625,000 675,000 2805,000 315,000 210,000 280,000 18i;,000 2000,000 Eligible paper 131,291 2,380 109,285 588 — 8,773 — — 1,285 2,175 5,852 -- 1,153 U.S. Govt, securities 11,250,000 1100,000 1,000,000 1000,000 1500,000 1000,000 700,000 1800,000 900,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to ~31 to 61 "to 94. days tc to months 1 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 24 0,007 208,067 87I4"2~ —97X3 -IZr^B-5 rorr Industrial loans 518 491 3 7 13 4 U.S. Govt, securities 18,225,995 1,129,252 807,421 2,858,394 830^28 1,03Lu900 Ii,291,500 1,826,100 5,^48,000 l/ After deducting $331,9~i5,000 participations of other Federal Reserve Banks. 2/ After deducting $2,21*3,000 participations of other Federal Reserve Banks* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis