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, March 15; of the Federal Reserve System not earlier. Llarch ll+, I9I+6 CONDITION ■■OF'THE- FEDERAL RESERVE BANKS During the week ended March 13 member bank reserve balances increases $219,000,000, Additions to member bank reserves arose from increases of $126,000,000 in Reserve Bank crodit and $5,000,000 in Treasury currency and de­ creases of $11,000,000 in money in circulation, $21+, 000,000 in Treasury cash and $111,000,000 in Treasury deposits with Federal keserve Banks, offset in part by an increase of $56,000,000 in nonmember deposits and other Federal Reserve account's. Excess reserves of member banks on karch 13 were estimated to be approximately >1,120,000,000. Holdings of loans, discounts and advances increased $268,000,000 while hold* ings of United States Government securities decreased $133,000,000» The decrease in holdings' of United States Government securities reflects a decrease of $289,000,000 in certificates and an increase of $156,000,000 in b ills. Changes in member bank reserve balances and related items during the week and the year ended March 13,191+6, we re as follows* Increase dr ‘decrease 3 since ! j tiar.ch 13, ¡¿arch 6, March Il+, I9I+6 I9I+6 191+5 (In millions of dollars ) U. S. Govern'ent securities 22,393 133 + 2,817 Loans, discounts and advances 712' + 268 + ¿+53 Other Reserve Bank credit 317 - 9 - lhh Total Reserve Bank credit 23,1423 + 126 3,127 Gold stock 20,232 " — - 221 Treasury currency U.ii56 ■ 5 + 336 ember bank reserve balances 15,663 + 219 4* 1,201+ Money* in circulation 27,92+6 - 11 + 2,065 Treasury cash 2,260 ~ 21+ - 10I+ Treasury deposits with R* Banks ! 501 - 111 + 238 iTonmember deposits and other F. R. accounts 1,71+0 + 56 - 162 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. St. 2$3c STATEMENT OF CONDITION OF THE FEDERAL RESERVE- BANKS ON MARCH 13, 1946 (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+,071 ,U2b U|i+8 ,707 5,277,878 1608,286 2039,195 1684,332 1445,370 4386,4561047,713 550,899 896,661 597,324 3088,603 Deposits; Member bank-reserve acct. 15,663,170 701,254 4,804,476 776,372 1145,647 714,039 770,537 2264,357 609,577 389,386 784,014 733,903 1969,608 U.S.Treasurer-:general acct;. 501,470 47,385 106,937 32,981 69,199 41,427 31,330 63,894 16,651 26,008 16,492 25,58? 23,577 Foreign 743,135 45,259 1/276,697 57,971 64,956 32,82? 26,541 93,592 23,747 17,461 23,049 22,350 58,685 Other . 466,434 4,364 371,752 2,668 8,938 7,118 2,103 4,763 9,695 3,779 2,014 2,047 47 ,193 Total deposits 17,374,209 798,262 5,559,862 869,992 1288,740 795,411 830,511 2426,606 659 ,670 436,634 825,569 783,889 2099,063 Deferred availability items 1,909,659 v161,355 3 68,865 112,118 168,559 152,146 141,282 275,019 92,184 39,747 114,581 84,502 199 ,301 Other liabilities including accrued dividends 11,284 873 3,016 686 1,153 572 468 1,929 450 488 399 370 880 TOTAL LIABILITIES 43,366,576 2409,197 11,209,621 2591,082 3497,647 2632,461 2417,631 7090,010 1800,017 1027,768 1837,210 1466,085: 5387,847 Capital paid in 180,815 10,743 64,233 13 M l 18,111 7,540 6,719 21,499 5,770 3,950 5,934 6,278 16,597 Surplus (Section 7) 358,355 22,439 110,860 28,946 33,745 15,593 14,450 53,029 12 ,939 8,869 11,891 10,670 28,924 Surplus (Section 13b) 27,420 3,012 7,205 4,501 1,007 3,326 762 1,429 527 1,073 1,137 1,307 2,142 Other capital accounts 43,322 3,302 6,818 3,351 3,781 3,263 2,981 5,343 2,546 2,167 2,688 2,536 4,546 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,976,496 2448,693 11,404,737 2641,321 3554,291 2662,183 2442,543 7171,310 1321,799 1043,827 1858,860 1486,876 51440,056 tu Commitments to make industrial loans 1,745 100 — 388 300 200 — — — ---- ---- 178 79 F. R. notes outstanding 25,192,210 1504,358 5,503,266 1701,007 2127,21(4 1774,351 1528,362 4497,154 1113,805 564,'656 934,801 642,615 3295,591 Collateral for F. R. notes held by F. R« Agents: Gold certificates 11,034,000 460,000 3,220,000 500,000 635,000 600,000 690,000 2010,000 300,000 170,000 280,000 169,000 2000,000 Eligible papter 6o6,845 20,785 552,650 3,890 — 2,450 — — 3,500 50 17,000 — 1,520 U, S. Govt. Securities 14,545,887 1100,000 2,000,000 1200,000 1550,000 1225,000 850,000 2500,000 920,387 400,000 700,000 500,000 1600,000 MA.TUR]:TY DISTRIBUTION OF LOANS AND SECURITIES Within • 1"6 to 31 to 01 to 91 days to1 6 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 710,545 637,860 24,045 35,940 12,700 —- ---- «... ---- ---- Industrial loans 1,542 1,396 1 61 6 22 87 14 10 u. S* Govt, securities 22,393,118 3,124,942 3,250,585 4,670,457 4,342,728 . 2,851,692 3,105,024 360,000 690,690 l/ After dedudting $¿<.65,865,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. ueleased for publication Friday morning, March 15#19^6; not earlier. ST.*TEiLSTT OF CONDITION OF THE TWELVE FEDERuL iJSSEKVE BuNKS COMBINED ‘(In thousands of dollars) Increase or decrease since i ,ar. 13 i Liar. 6, ¿lar. 12+, 191+6 I9J+6 I9U5 ** s s ¿ r s Gold certificates 17.209,565 - 17,000 - 360,800 i'-edemption fund for F#i\. notes 788,Ó3U + 17,001 + II+6,170 Total gold certificate reserves 18,078,199 + 1 - 2il+,630 Other cash 338,010 - 8,209 + 87,930 Discounts and advances 710,515 +267,665 + 2+55,350 Industrial loans I.52+2 2+ 2,1+50 U. S. Govt, securities; “ Bills ‘ 13,337,112 +155,755 +1»369,882 Certificates 6,736,1+12+ -289,000 +1,325,903 Notes 1,372,700 — + 3-6,350 Bonds 92+6,892 — - 185,180 Total U. S. Government securities 22,393,118 -133,21+5 +2,816,955 Total loans and securities •23,105,205 +132+.2+21+ +3,269,855 Due from foreign banks 110 6 F. it.notes of other banks 137,315 - 6,356 + 62,956 Uncollected items 2,227,032 +292,267 + 00,588 Bank premises 33 , 232+ + 12 1,157 Other assets 57,391 + 1,328 5,52+3 TOTi,L ^SSBTS 2+3,976,2i96 +2+13,2+67 +3,259,993 L I A B I L I T I E S Federal lie serve notes 21+, 071,2+21+ - 5!+,288 +1,782,062+ Deposits s Member bank - reserve account 15,663,170 +218,839* •+l,202+,073 U.S.Treasurer - general account 501,1+7 0 -110,320 + 238,881 Foreign 71+3,135 - 7,2+50 - 505,850 Other 1+66,2^32+ + 63,532+* + 230,2+81 Total deposits 17 , 372+,209 +l62+,6o3 +1,167,585 Deferred availability'item? 1,909,659 +301,22+5 + 203,92+1 Other liabilities including acqrued dividends 11,281+ 297 + 1,765 TOT-uL LIABILITIES 2+3,366,576 +1+11,263 +3,155,355 C . ? I T . L A C C O U N T S Capital paid in 180,815 + 82 + li+, 080 Surplus (Section 7) 358,355 — + ’130,202 Surplus (section ^3^) 27,2+28 — + 263 Other capital'accounts 2+3,322 t 2,122 . - 39,907 TOT^L LIABILITIES JJD C;*PIT.JL ACCOUNTS 2+3-, 976,2+96 +2+13,2+67 +3,259,993 Itatio of gold certificate reserves to deposit and F# ¿\.note liabilities combined 2+3.6^0 - .1% - 3.5% Commitments to make induotrial loans 1,72+5 27 1,598 ♦March 6 figures revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. &• 283b 13 96 STATEMENT OF CONDITION OF THE FEDERAL RESERVE &JHKS ON ii.icCH , I U (In thousands of dollars) S S E T S Total Boston New York Phila. Cleve. Rich« stianta Chicago St. Louis Minn. Kans,Cy. Dallas SanFran» Gold certificates 17,289,565 73l+,83l 4,766,459 818,336 1149,704 977,943 1040,804 3035,779 588,255 360,193 601,969 459,919 2755,373 Redemption fund for F. k. notes 788,63!; 58,699 121,967 60,1|05 77,390 62,786 44,555 127,661 '42,798 20,081 35,078 « 25,995 111,219 Total gold certificate reserves 18,078,199 793,530 1+,888,1+2’è 873,71+1 1227,091+ 1040,729 1085,359 3163,440 631,053 330,274 637,047 485,914 2866,592 ^'ther cash 338,010 36,119 70,512 21,31+7 28,298 25,318 26,434 42,225 12,066 4,932 17,447 11,874 41,438 Discounts and c.dvances 710,545 23,31+5 565,970 7,210 19,1+55 4,330 2,070 52,725 9,360 1,050 18,320 1,330 4,880 Industrial loans 1,51*2 101 -- 1,U02 39 — -- -- — — — U. S. Govt, securities j1 Bills 13,337,112 803,388 3,085,1+38 907,353 1216,730 818,511 680,749 2368,571 604,71S 351,643 608,784 487,207 1403,912 Certificates 6,736,1+Hi 1+58,076 1,705,339 508,356 636,439 421,054 348,240 866,036 332,397 162,142 327,836 295,659 654,340 Notes 1,372,700 93,31+1+ 31+7,502 103,589 129,690 85,799 70,963 176,474 67,733 37,115 66,804 60,248 133,439 Bands 91+6,892 61;, 389 239,708 71,1+56 89,460 59,185 48,951 121,732 46,723 25,602 46,081 41,559 92,046 Total d# S# Government securities 22,393,118 11+19,197 5,373,047 1590,751+ 2072,369 1334,549 1148,903 3532,813 1051,569 596,502 1049,505 834,673 2284,237 Total loans and securities 23, 105,205 1442,643 .5,91+4,017 1599,366 2091,824 1333,918 1150,973 3585,538 1061,429 597,552 1067,825 836,003 2289,117 uue from foreign banks 110 7 1/ 37 9 10 5 4 15 4 3 4 3 9 F»R. notes of other ba; 137,315 3,518 10,692 3,1+73 6,563 39?337 n,783 13,H6 3,213 4,320 6,409 4,266 19,620 Uncollected items 2,227,032 167,692 1+62,750 130,861 190,432 161,501 163,262 356,449 103,927 53,872 124,763' 95,302- 215,660 Bank premises 33,231+ 1,31+3 3,638 3,289 3,970 •2,755 1,561 3,105 .2,049 1,272 2,579 823 •1,850 Other assets 57,391 3,81+1 13,665 l+,235 6,045 3,620 3,167 7,422 3,053 1,602 2,781 2,191 ^.764 TOT^L ^SSSTS 1+3,976,1+96 21+1+8,693 ll,4o4,73? 261+1,321 3554,291 2662,183 :5442,543 7171,310 1321,799 1043,827 1858,860 1436,376 5440,056 l/ xifter deducting $73*000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis