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 29; of the Federal Reserve System not earlier. March 28,191*6 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 27 member bank reserve balances decreased $89,000,000. Reductions in member bank reserves resulted from increases of $623,000,000 in Treasury deposits with Federal Reserve Baiiks and $31,COO,000 in Treasury cash, offset in part by increases of $1*80,000,000 in Reserve Bank credit, $21*,000,000 in gold stock and $11,000,000 in Treasury currency and decreases of $1*7,000,000 in money in circulation and $1*,000,000 in nonmember deposits iind other Federal Reserve accounts. Excess reserves of member banks on March 27 were esti­ mated to be-approximately $930,000,000. Holdings of loans, discounts and advances increased $199*000,000 and of United States Government securities $382,000,000. The increase in holdings of United States Government, securities reflects increases of $199*000,000 in certifi­ cates, $100,000,000 in bills and $83,000,000 in notes. Changes in member bank reserve balances and related items during the week and the year ended March 27, 191*6, were as follows: Increase or decrease since March 27, March 20» March 28, I9h$ I9b6 I9h5 (In millions of dollars) U. S. Government securities 22,971* + 382 + 3*158 Loans, discounts and advances 681* + I99 + 1*62 Other Reserve Bank credit .301* - .102 - 33 Total Reserve Bank credit 23*963 . + 1*80 + 3*889 Gold stock 20,257 + 21* - 162 Treasury currency k.kia + 11 + 360 Member bank reserve balances 15*395 _ 89 + 1,090 Money in circulation 27,81*2 - h7 + 2,008 Treasury cash 2,298 + 31 - ’58 Treasury deposits with F. Rt Banks 1*397 + 623 . + 1,087 Nonmember deposits and other F. R. accounts 1,766 - h - Uo Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F. a. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 27, 1946 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cl eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 23,966,31!+ i448,154 5,301,779 1603,008 2033,590 1670,1+31 ll+3l+,52l 1+358,699 lûl+1,718 543,924 891,631 590,223 3043,636 Deposits: Member bank-reserve acct. 15,395,265 681,55k k, 819,006 780,829 1114.685 675,451 737 ,302 2211,103 583,247 374,661 751,715 726,627 1939,085 U.S»Treasurer-general acct.1,397,003 100,656 206,81+0 67,050 160,922 145,230 65,014 332,464 44,773 27,615 57,453 51,852 137 ,134 Foreign 771.,81+9 47,296 1/281,710 60,953 68,297 34,516 27 ,906 98 406 24,969 18,359 24,234 ’ 23,500 61,703 Other ¿+53,383 3 »779 369,218 3,279 7,947 5,536 1,839 3,428 9,H9 3,890 1,487 943 43,418 Total deposits 18,018,000 833,285 5,676,774 912,111 1351,851 860,733 832,061 2645,401 662,108 424,525 834,889 802,922 2181,340 Deferred availability items 1,818 »875 152,008 323,640 110,247 159,880 177,571 148,044 265,062 84,530 39,774 93,424 75,726 190,969 Other liabilities including accrued dividends 11,908 730 3.145 696 1,212 579 512 1,984 454 369 441 465 1,051 TOTAL LIABILITIES 43,315,097 2434,177 11,305,608 2626,062 3546,533 2709,311+ 21*15,138 7269,146 1788,810 1013,592 1820,385 1469,336 5416,996 Capital paid in 181,078 10,802 64,280 13,458 18,126 7,576 6,734 21,519 5,782 3,953 5,937 6,306 16,605 Surplus (Section 7) 358,355 224+39 116,860 28,946 33,745 15,593 14,450 53,029 12,939 8,869 11,891 10,670 28,924 Surplus (Section 13b) 27,4-28 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 1+6,71+8 3,525 7,612 3,593 4,108 3,502 3,158 5',941 2,687 2,251 2,809 2,675 4,887 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+1+4+28,706 2473,955 11,501,565 2676,5.60 3603,519 2739,311 241+0,242 7351,064 1810,745 1029,738 1842,159 1490,294 5469,554 Commitments to make industrial loans 2,117 100 — 1,168 401 200 — ---- — — J-- 178 70 F. R. notes outstanding 25,157i315 1500,529 - 5,508,11+0 1692,837 2128,186 1771,064 1533,1*31+ 1*1+89,767 1114,715 564,261 933,667 642,401 3278,314 Collateral for F. R. notes held by F. R. Agents: Gold certificates 11,184.000 1+60,000 3 4+20,000 500,000 635,000 600 ,000 690,000 2010,000 300,000 170,000 280,000 169,000 1950,000 Eligible paper 465,335 19,140 31*9,395 13,150 5,800 36,600 9,800 28,450 — 3,000 U.S.Govt• securities 14,671,597 1100,000 2,100,000 1200,000 1550,000 1225,000 850,000 2500,000 946,597 400,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within l6 to 31 to 61 to 91 days to 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 anot advances 683,110 591,,280 23,710 44,890 23,230 ... ___ ---- Industrial loins 1,453 1,.312 4 61 8 22 83 13 10 ---- Acceptances purchased 2,016 99 302 810 805 — ---- ---- — U. S. Govt, securities 22 ,97l+,322 .4,151,880 2,189,356 4,792,978 4,940,854- 2,934 ,‘5401 2,914,024. — * 460,500 590,190 l/ After deducting $14.89,829,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F.R. 283a Released for publication Friday morning, March 29,19¿(.6; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since March 27, March 20, March 28, 19^6 1946 I9h5 A S S E T S Gold certificates 17,289,060 - 329.205 Redemption fund for F. R. notes 785,978 - 1,065 + 140,796 Total gold certificate reserves 18,075,038 - 1,065 - 188,409 Other cash 340,530 + 3,462 + 84,483 Discounts and advances 683,110 +199,550 + 465,511 Industrial loans 1,458 71 2,492 Aooeptances purchased 2,016 + 2,016 + 2,016 U. S. Govt, securities» Bills 13,731,066 +100,366 +1,815,442 Certificates 6,903,01]+ +199,100 +1,492,503 Notes <1,437,300 + 82,500 + 375,950 Bonds 902,942 - 225,210 Total U. S.Government securities 22,974,322 +381,966. +3,458,685 —k.—■ Total loans and securities 23,660,906 +583,461 +3,923,720 Due from foreign banks 110 6 F. R.' notes of other banks 146,124 + 2,223 + 56,091 Uncollected items 2,121,117 -267,073 + 237,335 Bank premises 33,184 ■ 4o 1,167 Other* assets 51,697 + 1,896 3,544 TOTAL ASSETS 44,428,706 +322,864 +lt, 108,503 L I A B I L I T I E S Federal Reserve notes 23,966,314 - 46,017 +1,703,707 Deposits s Member bank - reserve account 15,395,265 - 83,341 +1,090,182 U.S.Treasurer - general account 1,397,003 +623,069 +1,087,145 Foreign 771,849 + 22,831 - 413,970 Other 453,883 - 27,571, + 262,631 Total deposits 18,018,000 +529,988 +2,025,988 Deferred availability items 1,818,875 -163,577 + 271,860 Other liabilities including accrued dividends 11,908 333 + 1,978 TOTAL LIABILITIES 43,815,097 +320,727 .+4,003,533 C A P I T A L . A C C C U N T S Capital paid in ■ 181,078 + 108‘ + 13,968 Surplus (Section 7) 358,3;55 — + 130,202 Surplus (Section 13b) 27,428 •+ 263 Other capital accounts 46,748 + 2,029, - 39.^63 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,428,706 +322,864 +4,108,503 Ratio of gold certificate reserves to deposit and F, R. note liabilities combinod 43.1$ h*&/° Commitments to make industrial loans 2,117 + 149 1,358 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MA.RCH 27,' I9U6 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. R ich.. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Gold certificates 17,289,060 737,335 4,901,95b 817,927 1135,647 981,513 1033*281 3173,260 554,378 320,240 565,215 451,799 2616,511 Redemption fund for F. R. notes 785,978 58,506 121,368 60,670 77,178 61,734 44,348 127,420 42,?26 2o,053 35,022 25,944 111,009 Total gold certificate reserves 18,075,038 795*841 5,023,322 878,597 1212,825 1043,247 1077,629 3300,680 597,104 340,293 600,237 477,743 2727,520 Other cash 340,530 35*215 67,750 20,138 28,378 26,334 28,965 39,664 13,209 - 5*155 18,580• 13,443 43,699 Discounts and advances 683,110 21,700 362,715 16,470 40,105 7,680 8,670 139*500 37»96o 10,800 29,770 1,380 6,360 Incfustrial loans 1,458 96 1,324 38 Acceptances purchased 2,016 mmmm 2,016 ^mm mm pi — U. S.Govt, securities: Bills' 13,731,066 835,018 3,255,321 920,510 1231,951 844,544 679,773 2316,034 600,755 367,159 633*680 498,888 1547,433 Certificates 6,903,014 469,950 1,745.630 521,071 652,953 431,608 356,960 887,309 340,424 186,823 335*955 302,859 671,472 Notes 1,437,300 97,850 363,463 108,495 135,953 89,867 74,324 184,749 70,882 38,899 69*950 63,059 139*809 Bonds 902,942 61,471 228,335 68,159 85,408 56,457 46,692 116,063 44,530 24,437 43,9^4 39*615 87*831 T otal U. S. Gove mment ’ securities 22,974,322 1464,289 5,592,749 1618,235 2106,265 1422,476 1157,749 3504,155 1056,591 617,318 1083,529 .904,421 2446,545 Total loans and securities 23,660,906 1486,085 5,957,480 1636,029 2146,370 1430,194 1166,419 3643*655 1094,551 628,118 1113,299 905,801 2452,905 Due from foreign banks 110 7 1/ 37 9 10 5 4 15 4 3 4 3 9 F.R. ».otes odf other banks 146.124 2,816 iïï,54o 3,963 6,067 40,888 11,111 14*034 8,777 5,704 6,386 4,354 23,484 Uncollected items 2,121,117 149*024 413,728 131,196 200,332 192,828 151,779 342,745 92,163 47,828 98*787 85,980 214,727 Bank premises 33*184 1,338 8,638 3,278 3,961 2,748 1,558 3*099 ‘ 2,046 1,272 2,579 823 1,8 _ 4 / 4 Other assets 51,697 3*629 12,070 3,350 5,576 3,067 • 2,777 7,172 2,891 1,365 2,287 2,147 5,366/ TOTAL ASSETS 44,428,706 2473,955 11,501,565 2676,560 3603,519 2739*311 2440,242 7351,064 1810,745 1029,738 1842,159 1490,294 5469,554 3/ After deducting $73,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis