H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, May 12; of the Federal Reserve System 19 not earlier. May 11, !*!* CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 10, member bank reserve balances increased $39,000,000. Additions to member bank reserves arose from an increase of $5,000,000 in Treasury currency and decreases of $15,000,000 in Treasury deposits with Federal Reserve Banks and $ll*8,000,000 in nonmember deposits and other Federal Reserve accounts,' offset in part by a decrease of $17,000,000 in Reserve Bank credit and an increase of $111,000,000 in money in circulation. Excess reserves of member banks on May 10 were estimated to be approximately $800,000,000. There was a decrease of $1*3 »000,000-in holdings of United States Government securities; bills decreased $62,000,000 and certificates increased $19,000,000. Changes in member bank reserve balances and related items during- the week and the year ended Llay 10, I9i*i*, were as follows? Increase or decrease since May 10, May 3, May 12, 19^ I9M+ 19^3 (In millions of dollars) U. S. Govt. securities(incl. guar. sec.) 13,21*9 - U3 + 7,077 Loans, discounts, and advances lii7 + 50 + 109 Other Reserve Bank credit 317 - 21* + 2 Total Reserve Bank credit 13,713 - 17 + 7,197 Gold stock 21,375 mm mm - 1,079 Treasury currency U,097 + 5 + 61* Member bank reserve balances 12,729 + 39 921* Money in circulation 21,725 + 111 l*,98l Treasury cash 2,333 1 81 Treasury deposits with F* R# Banks 211* - 15 - 1*16 NonmSmber deposits and other F,R.accounts 2,182 - 11*8 598 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R* 283c STATEMENT OF>CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 10, lohh (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila* Clevo* Rich. Atlanta Chicago St.Louis Minn. Kans.Cyv Dallas San Fran. Federal Reserve notes 18,127,196 1206,1*00 i1*025,107 1211*, 51*5 1603,911 1191,087 101*8,11*9 :5389,170 777,211* ,1*10,552 669,71*3 1*1*8,993 2,11*2,320 Deposits: Member bank-reserve acet. 12,729,1*98 6ol*,39l i1*21*7,677' 638,659 992,629 516,621* 51*0 , 527 :1923,566 1*1*2,733 :279,576 581,067 520,1*65 1,1*1*1, 581* U.S*Treasurer-general acct. 211*,1*15 19,121 67,251 10,735 11,721* 11,1*67 2,229 26,1*1*8 11,1*11 13,089 13,591 13,11*3 11*, 106 Foreign 1,591,81*6 108,390 1/ 617,550 11*0,653 136,067 61,151* 1*8,923 189,576 1*7,391* 33,631* 1*1*, 336 1*1*, 336 119,333 Other 23I*, 326 2,726 ' 121,1*1*9 10,526 6,81*1* 21,161* 1*,535 1*,282 9,036 10,1*18 1*,738 3,179 35,1*29 Total deposits il*, 770,085 735,128 5053,927 800,573 111*7,261* 610,1*09 596,211* :211*3,872 510,571* 336,717 61*3,832 591,123 1610,1*52 Deferred availability items 1,285,280 100,060 265,079 9l*,863 121,926 9l*,225 70,81*9 193,1*29 55,651*' 21*,921* a ,156 1*6,957 156,158 Other liabilities including accrued dividends 9,321* 801 2,831* 61*5 933 732 326 1,21*6 310 251* 290' 256 697 TuTaL LIABILITIES 31*, 191,885 201*2,389 <331*6,91*7 2110,626 2871*, 03I* 1896,1*53 1715,538 15727,717 131*3,752 772,1*1*7 1375,026' 1077,329 3,909,627 Capital paid in 157,112 9,888 57,738 11,81*5 16,073 6,290 5,573 18,190 ù,829 3,1*17 5,H8 1*,925 13,176 Surplus (Section 7) 188,097 13,206 70,012 17,859 16,026 5,236 5,725 26,1*90 6,330 3,669 l*,55l* 1*,831 11*,159 Surplus (Section 13b) 26,965 2,871* 7,092 1*,1*21 1,007 3,290 71*9 1,1*29 530 1,000 1,137 1,307 2,129 Other capital accounts 72,162 3,317 16,01*5 i*,658 8,780 5,199 1*, 526 11,075 3,127 3,868 3,733 3,219 l*,ii5 JOTAL LIABILITIES AND CaPITaL ACCOUNTS 3U,636,221-2072, 171* 91*97,881* 211*9,1*09 2915,920 1916,1468 1732,111 5781*,901 1358,568 78ii,l*01 1389,568 1091,611 3,91*3,206 Commitments to make industrial advances 6,193 1*50 8 1,666 50 1,238 — — 1*8 — — — 2,733 F. R. notes outstanding 18,696,338 1225,1*83 1*198,939 121*1*,81*0 l&*2,00l* 1220,739 1098,336 31*1*1,701 808,21*8 1*17,170 688,668 i*7l*,362 2,225,81*8 Collateral for F*fe#notes held by F*R#Agents: , Gold certificates 12 728,000 » 1*50,000 2^1,000 1,671*, 000 Eligible paper 126,250 11,555 80,1*30 3,535 — ¿*,355 — — 21,100 5,0001 275 — — U.S.Govt« securities 6,108,735 ?5,ooo 600,000 1*75,000 375,000 900,000 508,735 225, 1 250,000 200,000 600,000 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 30 days 60 days 90 days 6 months to 1 yoar years yoars 5 yoars Discounts and advances 135,721* 112,061* i*,390 8,965 10,305 Industrial loans 11,1*69 10,611* 31 60 21*1* 131 261* 80 1*5 — U.S. Govt, securities (incl. guar, sec.) 13,21*8,975 1,1*1*2,393 1,190,11*9 2,673,611* 2,881,183 1,009,1*00 1,907,600 17,800 970,21*5 1,156,586 1/ After deducting $972,31*2,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. H. 283a 944 Released for' publication. Friday morning, May 12-, I II ; not earlier. STATEMENT OF CONDITION 'OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since May '10, May 3, May 12, 19UU I9kk 19U3 A S' S' E T S Gold certificates on hand and due from U, S, Treasury'. 18,889,925 - 5,500 -1,31*1*,987 Redemption fund - F# R. notes 319,21*3 . + 1*,801 + 272,293 Other cash ' 26k,396 , ” - 9,290 - 90,1*35 Total reserves 19,1*73,5& - 9,989 -1,163,129 Discounts and advances 3-35.72U + 50,71*1 + 110,554 Industrial loans .11.U69 1*16 1,861* U. S. Govt, securities ■ . Bills 7,^03,50U . - 62,017 +5,361,519 Certificates 3,032,9^0 + 19,000 +1,933,71*0 Notes l, 163,761* — + 19!*, 161* Bonds 1,141*8,767 r 1*12,900 Total U. S, Govt, securities - (incl. guar.' sec.) 13,218,975 - 1*3,017' +7,076,523 Total loans and securities 13,396,168 + 7,308 +7,185,213 Due from foreign banks 136 - 1 F. R. notes of other banks 66,'81*3 - 1,196 + 9.312 Uncollected items 1,601,777 - 50,3^2 + .71*. 063 Bank premises 31+, 882 1 l*,03l* Other assets 62, 8I46 + 1,662 • 9,01*0 TOTAL ASSETS 31*, 636,221 - 52,573 +6,092,3-814 L I A B I L I T I E S Federal Rsserve notes 18,127,196 + 95,0814 +14,926,695 Deposits: Member bank-reserve account 12,729,1*98 : + 39,151 + 9214,169 U. S, Treasurer - general account 211*,1*15 - 11*, 1*91 - 415,799 Foreign 1,591,81*6 - 23,-1*1*0 • + 689,527 Other 23I*, 326 -123,320 - 135,371* Total deposits ll*,770,085. -122,100 +1,062,523 Deferred availability items 1,285,280 - 26,291* + 72,il*o Other liabilities including accrued dividends 9,3214 * + 6 + 2,253 TOTaL LIABILITIES 31*,;191,885' - 53,301* +6,663.6ll C A P I T A. L A .C .C O.U .NTS Capital paid in 157,112 ' 75 + 10,01*1 Surplus (Section 7) .188,097 + 27,686 Surplus (Section ljb) . 26,965 — + 136 Other capital accounts . 72,162; * + 651. 9,090 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 31*, 636,221 - 52,578 +6,092,38I4 Ratio of total reserves to deposit and F. R. note liabilities combined 59.2% - 17.53S Commitments to make industrial loans 6,193 + 399* 6,691* ♦May 3 figures revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b 944 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 10, I JI. (In thousands of dollars) A S S E T S Total Boston New York Phila.* ; Cleve* Rich. Atlanta Chicago St,Louis Minn. Kans.Cy, Dallas San FVan, Gold certificates on hand and due from U«S*Treasury 18,889,925 1079,943 4,925,884 1087,861 1,504,487 1060,483 1022,896 3,548,756 621,868 390,719 733,090 529,528 2,304,410 Redemption fund~F*R.notes 3 3-9# 2^3 26,807 51,532 24,546 30,576 24,578 19,609 44,552 29,041 11,082 11,804 11,295 33,321 Other cash 264,396 20,960 75,257 21,106 19,270 14,102 16,489 38,762 10,560 6,450 10,951 7,657 22,832 Total reserves 19,473, 5641127,710 5,052,6731133,513' 1,554,333 1099,163 1058,994 3,632,070 661,469 408,251 755,81+5 548,480 2,441,063 Discounts and advances 135,724 11,555 80,430 3,535 780 4,355 1,414 4,500 21,100 5,000 275 250 2,530 Industrial loans 11,469 i,4oi 120 5,077 365 I89 90 4 — 247 29 2 3,945 U. S* Govt, securities % Bills 7,603,504 372,974 2,765,022 430,916 554,205 3H,305 240,258 1,278,003 334,564 161,520 244,770 203,407 701,560 Certificates 3,032,940 232,354 655,433 246,219 344,569 201,075 173,494 321,719 141,233 92,386 161,481 146,219 3H,753 Notes 1,163,764 89,155 251,494 94,477 132,215 77,154 . 68,490 123,446 54,192 35,447 61,962 56,I06 119,626 Bonds 1,448,^67 110,989 313,084 117,614 164,594 96,049 85,263 153,678 67,463 44,128 • 77,137 69,346 143,922 Total U# S# Govt, securities • (incl* guar* sec*) 13,248,975 805,472 3,985,033 839,226 1,195,583 685,583 572,505 1,876,846 527,452 333,481 545,350 480,573 1,231,866 Total loans &nd securities 13,396,168 818,428 4,065,583 897,833 1,196,723 690,-127 574,009 1,881,350 618,552 338,728 545„654 480,830 1,288,341 Due from foreign banks 136 10 1 / 4 9 12 12 6 4 17 4 3 4 4 11 F.R.notes of other banks 66,848 1,182 11,042 1,997 3,494 7,263 6,458 6,725 4,670 1,747 4,H5 2,507 15,640 Uncollected items 1,601,777 118,708 345,750 107,974 149,646 112,449 87,173 254,376 69,047 32,569 77,979 56,027 189,572 Bank premises 34,382 1,647 9,042 3,552 4,176 2,908 1,639 2,923 2,050 1,271 2,713 963 1,993 Other assets 62,846 4,489 13,745 4,523 7,529 4,552 3,029 6,940 2,776 1,832 3,250 2,800 6,573 TOTAL ASSETS 34,636,221 2072,174 9,-497,884 2-149,409 2,915,920 1916,468 1732,111 5,784,901 1350,568 784,401 1309,568 1091,611 3,943,206 l / After- d «¿ducting $87,000 participations of oth-sr Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis