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, April 5î of the Federal Reserve System not earlier. April !*, 1946 CONDITION OF TBS FEDERAL RESERVE BANKS Member bank reserve balances on April 3 were practically the same as on Wednesday of the preceding week. Reductions in member bank reserves resulting from decreases of $1,027,000,000 in Reserve Bank credit and $2,000,000 in gold stock and an increase of $70,000,000 in money.in circulation were offset by decreases of $864,000,000 in' Treasury deposits with Federal Reserve Banks, $203,000,000 in nonmember deposits and other Federal Reserve accounts and $27,000,000 in Treasury cash and an increase of $7,000,000 in Treasury currency. Excess reserves of member banks on April 3 were estimated to be approximately $1,010,000,000. Holdings of loans, discounts and advances increased $4,000,000 while holdings of United States Government securities decreased $1,005,000,000. The decrease in holdings of United Status Government securities reflects decreases of $515,000,000 in bills and $516,000,000.in certificates.and an increase of $26,000,000 in notes, 'Changes in member bank reserve balances and related items during the week and the year ended April 3, 1?U^, were as follows» Increase or decrease since April 3,? Ivlarch 27 April 4, 1946 1946 I945 (In millions, of dollars) U. S. Government securities 21,969 -1,005 +2,389 Loans, discounts and advances 688 + 4 + 464 Other Reserve Bank credit 278' - 26 - 173 Total Reserve Bank crodit 22,936 -1,027 +2,681 Gold stock 20,255 2 - 163 Treasury currency 4,485 + *7 + 366 Member bank reserve balances 15,396 + 1 +1,043 Money in circulation 27,912 + 70 +2,04*? Treasury cash 2,271. - 27 *- 108 Treasury deposits with F. R.Banks 533 864 + I98 - Nonmembe'r deposits and othur P. R. accounts 1,563 - 203 - 295 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 APRIL 3# 19^6 (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. Dallaç SanFran. Federal Reserve notes 24.Q04.949 1451,053 5,332,198 l604,3o2 2052,780 1670,869 1435,271 4561,985 10144,709 549.775 892,275 591M5Q 5038,217 Deposits; Member bank-reserve acc 15,396,552 678,375 4,813,860 779,601 1150,152 702,122 7I+I+ »95I+ :2092,220 588,392 379,815 784,490 746,121 1956,252 U.S♦Treasurer-general acct 533,014 ¿*3,391 147,917 54,201 45,450 30,771 58,871 47,150 17,391 18,856 24,755 25,621 58,180 Foreign 705,136 42,487 1/266,506 54,524 61,095 30,875 24,965 88,027 22,355 16,425 21,678 21,021 55,204 Other 307,773 ' 3,218 ~ 213,358 4,557 8,755 7,175 1,760 3,668 8,784 4,092 2,545 2,214 47,149 Total deposits lé,942,255 767,471 5 ,U£ ,141 872**883 1245,1448 770,943 810,528 2231,065 637,402 419,164 85 5 M 3 794,977 2116,735 Deferred availability it ’ 1,694,921 11(4,477 325,282 105,284 152,652 122,872 124,169 2bk,*h3 35,526 35,316 90,504 68,576 198,520 Other liabilities inducting accrued dividends 11,846 634 5.5U 675 1,150 571 485 1,925 417 1+75 467 572 1,086 TOTAL LIABILITIES 42,653,971 2363,690 11,101,162 2583,204 3452,050 2565,255 2570,451 «6359,318 1767,854 1004,730 1816,694 1455,175 5554,408 Capital paid in 181,227 10,803 64,286 13 ¿60 18,180 7,577 6,737 21,523 5,785 3,952 5,947 6,525 16,654 Surplus (Section J) 358,355 22,439 116,860 28,946 53,745 15,593 14,450 55,029 12,959 8,869 11,891 10,670 28,924 Surplus (Section 13b) 27,428 5.012 7,205 h,5 01 1,007 3,326 762 1,429 527 1.075 1,137 1,507 2,142 Other capital accounts 48,090 3,574 3,051 3,703 4,267 3,573 5,228 6,036 2,802 2,289 2,892 2,752 4,945 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,269,071 2403.518 11,297,5144 2633,814 3489,229 :2595,324 2595,628 «6921,335 1739,907 1020,915 1853,561 1476,227 5407,071 Commitments to make industrial loans 1,471 --» 619 401 200 --- 3 — — 178 70 F. R. notes outstanding 25,151,455 1499,590 5,531,069 1692,194 2125,165 :1771,066 :1553,576 J[¿¡.84,611 1116,172 564,917 952,008 640,149 5260,958 Collateral for F* R. notes held by F. R. Agents* Gold certificates 11,27^,000 460,000 3,420,000 500,000 635,000 600,000 690,000 2200,000 500,000 170,000 280.000 169,000 1350.000 • Eligible paper 366,123 10,970 257,813 9,940 11,400 4^,750 4,600 4.O ,650 6,000 U*S.Govt. securities 14,452,11+6 1100,000 2,100,000 1200,000 1550,000 1225,000 850,000 2300,000 927,146 400,000 700.000 500,000 1600.000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within l6 to 31 to 6l 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 ■—*T- Discounts and advances 686,613 561,245 74*660 11,538 39,170 Industrial loans 1,564 1 »4l8 5 6 7 22 83 13 10 acceptances purchased 1,989 262 185 1,378 164 S. Govt, securities 21,969,256 2 ,625,060 2 ,523 ,066 4,776,106 5,240,838 2,840,490 2,913,006 4co ,500 590,190 l/ After deducting $433,164,000 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, April 5»I9I+6» not earlier. ' t STATEMENT OF CONDITION- OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since April 3* March 27, April 1*, I9h6 I9I+6 191+5 A S S E T S Gold certificates 17,32li,055 + 31+,995 - 292,210 Redemption fund for F. R. notes 775*977 - 10,001 + 131,183 Total gold certificate reserves 18,100,032 + 21*, 99I+ - 161,027 Other cash 327*956 - 12,571+ + 72,671+ Discounts and advances 086,613 + 3,503 + 1*66,6ll+ Industrial loans 1,561+ + 106 2,235 Acceptances purchased 1,909 27 + 1,939 U. S. Govt, securities« Bills 13,216,318 -5il+,7l+8 +1, 192,891 Certificates 6,386,696 -516,318 + 996,185 Notes 1,1*63,300 + 26,000 + 1*21*, 950 Bonds 902,91+2 mm m. - 225,210 Total U.S. Government securities 21,969,256 -1,005,066 +2,383,816 Total loans and securities 22,659,1*22 -1,001,1*81* +2,855,181* Due from foreigri banks 110 6 F. R; notes of other banks 133,601* - 12,520 + 38,702 Uncollected items 1,971,096 -150,021 + 39*061* Bank premises 33,159 25. 1* 11+7 Other assets 1+3,692 - 8,,005 3,501 TOTAL ASSETS ll3,269,071 -1,159,635 +2,839*91+3 L I A B I L I T I E S Federal Reserve notes 2l*,00l*,9l+9 + 38,635 +1,68l+, I90 Deposits * Member bank - reserve account 15,396,332 + 1,067 +1,01*3,756 U.S.Treasurer - general account 533,011* -863,989 + 197,59b Foreign 705,136 - 66,713 - 1*70,21*9 Other 307,773 -11*6,110 + ¿3,1+50 Total deposits 16,91+2,255 -1,075,71+5 + 831+.551 Deferred availability items 1,6914,921 -123,951+ + 213,971 Other liabilities including accrued dividends 11,81*6 62 + 1,933 TOTAL LIABILITIES 1*2,653,971 -1,161,126 +2,731+* 695 C A P I T A L - A C C O U N T S Capital paid in 181,227 + 11+9 + 11*, 081 Surplus (Section 7) 358,355 . -- + 130,202 Surplus (Section ljb) .27,1*28 + 263 Other capital accounts 1*3,090 + 1*31+2 - 39.298 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*3,269,071 -1,159*635 +2,839*91+3 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined l+lt,2f. + 1.355 - 3.395 Commitments to make industrial loans ' 1,1+71 a*6 2,151 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. JR. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 3, I9I+6 (In thousands Of dollars) AS S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Gold certificates 17,321*, 055 710*, 752 5,189,230 803,355 1056,563 906,619 1025,708 311*9,776 560,380 320,-352 565,055 1*61,1*66 2535,29c Redemption fund for F. R. notes 775,977 58,506 121,363 60,670 77,177 61,731* 1*1*, 3l*é 117,1*20 1*2,726 20,053: 35,022 25,91*1* 111,000 Total gold certificate reserves 18,100,032 603,258 5,310,598 362,025 1133,71*0 968,353 1070,056 3267,196 603,106 31*0,905 600,077 1*87,1+10 261*6,308 Other cash 327,956 33,1*93 67,102 20,1*86 30,996 23,1*1*5 21*. 1*08 37,821* 11,916 i*,0l9, 18,332 13,196 1*2,739 Discounts and advances 636,613 13,530 251,133 13,260 36,770 13,280 9,1*70 2i+l*,800 1*6,110 5^600 1*1,970 1,330 9,360 Industrial loans 1,561* 96 — 1,1*30 — 38 — — -- — Acceptances purchased 1,989 — 1,989 — — — — — — -- -- — — U. S. Govt, securities: Bills 13,216,318 818,173 3,009,1*69 930,626 1250,721 856,119 700,280 1927,111* »1,308 366,532 652,879 513,985 159l*,H2 Certificates 6,336,696 1*22,981 1,607,251* 1*82,523 615,210 1*00,631* 319,687 823,31*0 320,816 182,258 30l*,l90 270,360 637,1*38 Botes 1,1*63,300 96,913 566,250 no,555 11*0,955 91,791 73,21*6 188,61*1 73,505 1*1,758 69,691* 61,91+1* 11*6,01*8 Bonds 902,91*2 59,801 227,232 68,219 86,978 56,61*1 1*5*197 116,1*03 1*5,356 25,767 1*3*005 38,223 90,120 Total U.S.Government securities 21,969,256 1397,068 5,212,205 1591,928 2093,861* 11*05,185 1138,1*10 3055,1*98 1030,985 616,315 1069,768 -889,512 21*67,718 Total loans and securities 22,659,1*22 11*11,1*91* 5,1*65,327 1606,618 2130,631* 11*13,503 111*7,380 3300,298 1077,095 621,915 1111,738 890,81*2 21*77,078 Due from foreign banks 110 7 1/ 37 9 10 5 1* 15 1* 3 1* 3 9 F.R.notes of other banks 133,601* 2,715 16,1*72 1*,968 5,1*31 38,319 12,01*2 13,672 ' ' 6,228 5,673 5,232 It, 527 17,825 Uncollected items 1,971,096 11*8,253 1*19,371* 126,61*8 179,715 11*0,798 137,1*80 ‘ 292,925 86,859 1*5,869 98,738 77,70^ 216,731* Bank premises 33,159 1,338 8,618 3,273 3,961 2,7l*'l 1,558 3,099 : 2,01+5 1,277 2,573 820 1,81*1* Other assets 1;3,692 2,960 }0,016 2,782 l*,7l*2 2,653 2,200 6,306 2,65* 1,25? 1,867- 1,726 l*,53l* TOTAL ASSETS 1*3,269,071 21*03,518 11,297,51*1* 2633,811* 3489,229 2595,321* 2395,628-6921,335 1789,907 1020,913 1838,561 11*76,227,51*07,071 ■l/ After deducting $73,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis