H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FORMEE PRESS Released for publication Board of Governors Friday morning, ¡¿arch 8; of the Federal Reserve System not earlier. March 7* 19^-6 CONDITION OF THE FEDEKaL RESERVE BANKS During the week ended March 6, member bank reserve balances decreased $111,000,000* Reductions in member bank reserves resulted from a decrease of $380,000,000 in i eserve Banld credit and an increase of $19,000,000 in money in cir­ culation, offset in part by an increase of $1|,000,000 in Treasury currency and de­ creases of $2llj.,000,000 in Treasury dep6sits with Federal Reserve Banks, "¿33,000,000 in Treasury cash and $36,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on March 6 were esti­ mated to be approximately $900,000,000. Holdings of loans, discounts and advances increased $62,000,000 while hold­ ings of United States Government securities decreased $iji{.6,000,000. The decrease in holdings of United States Government securities reflects a decrease of $521,000,000 in certificates and an increase of $75*000,000 in bills. Changes in member bank reserve balances and related items during the week and the year ended Iviarch £>, I9I+6, were as, follows: Increase or decrease since Mar. 6, Feb. 27, Mar. 7, 19I16 191+6 . 19I+5 (In. millions of dollars) U# S. Government securities 22,526 — bb 6 ’ + 3,176 Loans, discounts and advances uuu .+ 62 + 136 Other Reserve Bank credit 326 + 1 S 3 - ! 165 Total Reserve Bank credit 23,297 mm 380 + 3,11+7 Gold stock 20,232 - . 1 - 222 Treasury currency k, 1+51 + h + 330 i'.iember bank reserve balances I5,hhh — 111 + 1,236 Li one y in circulation 27,957 $ 19 2,093 Treasury cash 2,281+ 33 - 81 Treasury deposits with F. R# Banks 612 - ’21b •f 321 Nonmember deposits and other F.R.accqxnts 1,681+ - 36 - 317 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 MARCH 6, I9I+6 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 2l+,125,?12 ll*51,60l* 5,281,61+7 1611,1+71 201+2,760 1689,901 ll+51,OQ9 1+392,91+5 101+8,722 551,029 900,21*2 600,585 3103,797 Deposits: Member bank-reserve acct. ,15 ,i4242+,l8l 682,665 1+,71+6,969 773,688 1139,71+0 700,882 71*6,201 221*1*,122 599,976 385,696 779,578 738,701+ 1905,960 U.S.Treasurer-general acct. 611,790 32,819 191,909 2k,777 1+5,528 30,803 31,099 99,1+27 2i+,219 20,021+ 17,370 26 ,082 07,Y33 Foreign 750,585 1+5,537 1/280,323 58,1+59 65,503 33,103 26,761* 9l+,380 23,91+7 17,608 23,21*3 22,539 59,1-79 Other 1+03,050 2,31*1* - 308,1+50 3.78> 8 ,971+ 5;9l+3 ___2,076 5,228 9 .,799 ¿+.061+ 3,220 i ,&o________<■" ,623 Total deposits 17 , 209,606 763,365 5 , 527,651 860,713 1259,71+5 770,731 806,11+0 2U*3,157 657,91+1 1+27,392 823,1+11 788,565 ?080,1*95 Deferred availability items 1,608,1+11+ 129,901 298,521+ 98,1+72 139,656 113,923 128,287 250,255 80,31+7 37,581+ 92,838 76,51+8 162,079 Other liabilities including accrued dividends 11,581 585 3,869 598 1,051 525 b35 2,026 1+00 1+H+ 1+10 33b 93b TOTAL LIABILITIES 1+2,955,313 2.31+5 ,¿+55 11,111,691 2571,251+ 3U*3,212 2575,080 2585,871 7088,383 1787,1+10 1016,1*19 1-816,901 11+66,332 53b7,305 Capital paid in 180,733 10,71+3 61+,222 13 M h 18,108 7,537 6,697 21,1+97 5,760 3,91+5 5,930 6,263 16,597 Surplus (section 7) 358,355 22,1+39 ll6,36o 28,91+6 33,71+5 15,593 ll+,1+50 53,029 12,959 8,869 11,891 10,670 28,921+ Surplus (Section 13b) 27,1+28 3,012 • 7,205 i+,50l 1,007 3,326 762 1,1+29 527 1,073 1,137 1,307 2; 11*2 Other capital accounts 1+1,200. 3,li+l 6,331 3,219 3,603 3,1 W+ 2,881 i+,920 2,1+67 2,116 2,561+ 2,1+58 i+,356 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+3, 563 , 029 . 238 I+,790 11,30 6,30 9 2621,351+ 31+99,675 26 ol +,680 21+10 ,661 7169,258 1809,103 1032 , 1+22 1838 , 1+23 li+ 87,030 5399,321+ Commitments to make industrial loans 1,772 100 ---- 915 30O 200 ---- ---- ---- ---- 173 79 F. r. notes outstanding 25,208,211 1502,65!+ 5,507,271 1699,066 2128,1+61 1778,652 1521+,186 1+501,920 1115,891 563,88!+ ■ 993366,1,1++2277 6611+*33,,667722 33330066,1,12277 Collateral for F. R. notes held by F. 3. Agents: Gold certificates 11,23^,000 1*60^,900 3,520,000 500,000 635,000 600,000 690,000 2010,000 300,000 170,000 228800,0,00000 116699,0,00000 11990000,0,00000 Eligible paper 332,530 20,625 25l+,2l+0 9,015 ---- 3,750 — ---- 10,750 1,150 21,000 12,000 U. S. Govt, securities ' 700,000 MATURITY DISTRIBUTION OF LOANS iiND SECURITIES Within 16 to 31 to 6l to 91 days to 6 months Total 15 days 30 days 60 days 90 days 6 months to 1 year LT\ 0 0 * 0 0 0 1600,000 . to 2 2 to 5 Over years years 5 years Discount^ and advances 1*1*2,880 371,105 22,135 35,690 1’3,950 --------- ------m-+m-m-mm Industrial loans ' 1,538 , 1,352 1+0 5 6 22 89- ll+ .10 ---u. s. GoVt. securities 22,526,363 3,018,959 3,295,091 1*,5&&,520 1+,352¿387 2,863,692 3,379,021* — 360,000 690,690 l/ After deducting $2+69,733,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

83 Form. S & Released for publication Friday morning, March 3,19^6> not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Mar. 6, Feb. 27, Mar. 7# I9I46 * 19116’ I9U5 A S S E T S Gold certificates 17,306,565. + 1+0,000 *• 31+1+,'800 Redemption fund for F. R. notes 771,633 - 10,731+ 130,691+ Total gold certificate reserves 18,078,198 + 29,266 - 2ll+,106 Other cash 31(6,219 - 7,296 + 96,639 Discounts and advances 1+1+2,880 + 62,805 + 138,261+ Industrial loans 1,538 - ' 51' - 2,232 U. S. Govt, securities} B ills 13,181,357 + 75,125 +1,,1+1+0,058 Certificates 7,025,mu -520,797 +l,6ll+,903 Notes. 1,372,700 — • + 306,350 Bonds 91+6,892 — - 185,180 Total U. S. Government g 0 ouri tie s 22,526,363 -1+1+5,672 +3i,176,131 Total loans and securities 22,970,781 -382,918 +3,312,163 Due from foreign banks 110 — - 6 F. R* notes of other banks 11+3,671 - 3,358 + 7l+,191 Uncollected items l,93l+, 765 -158,1+1+3 + 37,551 Bank premises 33,222 35 - 1,170 Other assets 56,063 - 9,632 - 7,308 TOTAL ASSETS 1+3,563,029 -532,1+16 +3,297,951+ L I A B I L I T I E S Federal Reserve notes 21+, 125,712 + 1,1+08 +1,861,215 Deposits t I ember bank - reserve account 15,W t, 181 -111,280 +1,236,390 U.S. Treasurer - general account 611,790 -2Ì1+, 367 + 323,li 1+1 Foreign 750,585 - 30,065 - 1+56,089 Other 1+03,050 - 19,008 + 21+, 050.. Total deposits I7,209,'60o -37l+,720 +1,127,792 Deferred availability items 1,608,1+11+ -161,935 + 202,503 Other lia b ilities including accrued dividends 11,581 + 887 + 2,395 TOTAL LIABILITIES 1+2,955,313 •-53l+,36o +3j,193,905 J A P I T A L A C C O U N T S Capital paid in 180,733 + 285 + lit, 086 Surplus (Section 7) 358,355 — + 130,202 Surplus (Section 13b) 27,1+28 — + 263 Other capital accounts 1+1,200 + 1,659 - 1+0,502 TOTAL LIABILITIES AND C^PIT;,L ACCOUNTS 1+3,563,029 -532,1+16 +3,297,951+ Ratio of gold certificate: reserves to deposit and Ff R. note lia b i1itie s c omb ine d 1+3, Tfo + .If/“ l+.Ofo Commitments to make industrial loans 1,772 + 125 - 1,795 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Pom F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 6, I9I16 (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 SanFran. Gold certificates 17,306,565 735,610 5,119,090 807,99U 1105,1+66 929,716 1021|,319 2900,152+ 568,089 32*6,2*31 577,31*5 1*59,121 261*5,222 Redemption fund for F. R. notes 771,633 58,699 106,967 6o,2+ol* 77,390 60,706 2+2+, 555 127,661 2+2,798 20,001 35,078 25,995 111,219 Total gold certificate reserves 18,070,190 79l+,309 5,226,065 868,398 1102,356 990,502 1060,371+ 3115,815 610,087 366,512 612,1*23 1*35,116 2756,2*2*1 Other cash 31+6,219 35,1*68 7l+,H+o 23,189 31,561+ 21+, 1+39 25,973 2+2+, O.55 12,792 2*, 653 17,2+02* 11,2*37 1*1,100 Discounts and advances 1+1+2,880 23,185 267,560 12,335 13,105 5,630 7,070 60,775 12,110 2,150 22,320 1,280 15,360 Industrial loans 1,536 101 — 1,396 .... 39 -- «... .... «... .... U. S. Govt* securities: Bills 13,131,357 753,950 2,973,685 880,769 1205,138 811+,917 671,527 2387,953 602,1+80 32*7,803 613,82+2 1*78,110 12*51,095 Certificates 7,025,1*11* 1+70,571+ 1,775,572 530,391 . 6 6U, 9I+I+ 2+39,339 363,32+2+ 902,96!* 32+6,358 190,231 32+1,919 308,167. 683,611 Notes 1,372,700 93,510 31+6,929 103,633 129,923 85,82+2 70,995 176,1*30 ■ 67,675 37,169 66,008 60,211* 133,572 Bonds 91*6,892 61+, 503 239,313 71,1+07 89,622 • 59,211+ 2+0,972 ' 121,702 1*6,603 25,639 1*6, ool* 2+1,535 92,130 * Total U#S# Government securities 22,526,363 1390,537 5,335,1+99 1586,280 2089,627 1399,312 1152+,830 3589,01+9 1063,2014. 600,922 1060, 653. 803,026 2360,1*16 Total loans and securities 22,970,781 11+13,023 5,603,059 1600,013 2102,732 litOl+,981 1161,903 362+9,821* 1075,312+ 603,072 1090,973 009,306 2375,776 Due from foreign banks 110 7 1/ 37 9 10 5 2+ 15 2+ 3 2* . 3 9 F.R.notesof other banks1 11+3,671 3,066 ¥7,332 3,l+i£ 6,571 1+1,635 11,610 13,275 7,977 2*, 52*7 . 6,320 2+,929 22,167 Uncollected items l,93l+, 765 132,21*2 361+, 197 118,909 166,103 136,751+ 137,671 335,962 96,92*1 50,816 105,989 93,263 195,918 Bank premises 33,222 1,31+3 0,638 3,289 3,970 2,755 1,561 - 3,10.5 2,02*9 l,26o 2,579 023 1,050 Other assets 56,063 3,732 12, oia 1+,105 5,069 3,609 '3,055 7,207 3,139 .1,559 - 2,731 2,153 6,063 TOTAL ASSETS 2*3,563,029 230l+,790 11,306,309 2621,35U 31199,675 260l*,600 21*10,661 7169,258 1809,103 1032,1*22 1830,1+23 11*87,030 5399,321+. l/ After deducting $73,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis