H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOE THE PRESS Released for publication Board of Governors Friday morning, April 12; of the Federal Reserve System not earlier. April 11, I9I46 CONDITION OF TJ3E FEDERAL RESERVE BANKS During the week e„nded April- 10-member b'ank reserve balances increased $10,000,000. Additions to member bank reserves arose from decreases of $273,000,000 in Treasury deposits with Federal Reserve Banks and $12,000,000 in Treasury cash and an increase of $7,000,000 in Treasury currency, offset in part by decreases of $90,000,000 in Reserve Bank' credit and $2,000,00Cf i'n -gold stock and increases of $11*8,000,000 in nonmember deposits and otho’r Federal Reserve ' _ accounts and $1*3,000,000 in money in circulation. Excess reserves of member banks on April 10 were estimated to be approximately $820,000,000. Holdings of loans, discounts and advances decreased $334,000,000 while holdings of United Stat.es Government securities* inGreused $263,000,000, reflecting a like increase in b ills* Changes in member bank reservé balances and related items during the week and the year ended April 10, 19^.6, were as follows s Increase or decrease since April. 10, April 3, April 11, ____ 19U6 - 19U6 191*5 (In millipns of dollars) U. S. Government securities 22,232 + 263 +2; 11*1 Loans, discounts and advances 35k - ■33k + 27 Other Reserve Bank credit 259 — 19 - 86 Total Reserve Bank credit 22, Hi* 6 « 90 +2,083 Gold stock 20,253 - 2 - 16k Treasury currency 4,1*92 + 7 >+ 31k Member bank reserve balances 15,4q6 + 10 + 813 Money in circulation 27,955 ■ k3 *2,016 Treasury cash 2,259 12 - 105 Treasury deposits with F. R. Banks’ 26o 273 - 11*9 ^onmesaber deposits and other F.R,accounts 1,711 11*3 - 281 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F, R. 283c STATEMENT OF CONDITION OF THE FE DE'AL RESERVE BANKS ON APRIL 10, I9I4.6 (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 2^,010,627 lh5kM5 5,328,076 1605,79-4 2035,281 1669,839 1433*266 h373,722 1044,842 551,088 891,503 590,360 3032,391 Deposits: Member bank-reserve acct. 15,lj£>5*767 682,704 4 ,750,469 764,705 1146,065 707,173 750,201 2191,706 588,412 385*021 760,111 739,9149353 *250 U.S.Treasurer-general acct. 260,307 21,357 89,911 16,379 16,913 21,374 3,935 28,792 6,810 10,932 4,902 7,34526,657 Foreign 706,8li-3 42>999 ¿/263,l43 55,151 61,796 31*230 25,250 89,040 22,592 16,612 21,928 21,263 55*85 Other * 453*892 4,848 . 357,741 2,820 11,283 4,269 1,732 3,662 9,223 3,603 2,722 874 51,055 Total deposits 16,826,809 751,908 5*461,264 839,055 1236,057 7^,051 786,118 2313,200 627,037 416,228 795,663 769,427 2066,801 Deferred availability items 1,591,67V 134,202 305,310 96,199 142,158 130,910 122,274 231,261 78,276 36,361 84,101 69,606 161,016 Other liabilities including accrued dividends 11,760 724 . 3,366 ’ • 732 1,174 603 507 1,929 432 356' 455 333 1,094 TOTAL LIABILITIES 42,440,870 2341,299 11,098,016 2541,700 3414,670 2565,403 2342,165 6920,112 1750,537 1004,033 1771,722 1429,781 •5261,502 Capital paid in 181,398 10,813 64,303 13,460 18,178 7,582 6,743 21,541 5,785 3,952 • 5,950 6,434 16,657 Surplus (Section 7) 358,355 22,439 116,860 28,946 33,745 15,593 14,450 53,029 12,939 8,369 11,391 10,670 23 ,924 Surplus (Section 13b) 27,428 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 49,794 3,726 8,405 3,313 4,421 3»693 3,305 6,304 2,384 2,333 2,973 2,315 5,122 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,057,845 2381,2 89 11,294,739 2592,500 3472,021 2595,597 2367,425 7002,415 1772,722 1020,260 1793,673 1451,007 5314,147 Commitments to make industrial loans 1,485 ------ 633 401 .200 ------ 3 — 178 70 F-. R. notes outstanding 25,027,122 1498,003 5,521,873 1677,773 2117,966 1757,942 1510,755 4475,366 1108,239 564,433 923,503 631,915 3233,734 Collateral for F. R. notes held by F. R. Agents: Gold certificates 11,814 #000 410,000 3,420,000 500,000 635,000 600,000 690,000 2790,000 300,000 170,000 280,000 169,000 1350,000 Eligible paper 240,306 '10,610 164,093 7,754 — 9,749 — 16,050 600 25,65P 5,000 U. S. Govt, securities 13,851,181 1100,000 2 ,-100,000 1200,000 1550,000 1225,000 350,000 1700,000 926,181 400,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS aND SECURITIES Within 16 to 31 to 6l to 91 days to 6 months 1 to 2 2 to 5 Over 1 Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 352,946 247,010 - 63 ,129 12,688 30,119 Industrial loans 1,538 1,359 1 6 77 . 2 2 . 121 .1 3 Acceptances purchased 4,919 334 1,001 2,629 • 955 U. S. Govt, securities 22,232,371 2,971,402 2,519,237 4,764,209 55,,117733,,333377 2,840,490 2,913,006 — 460,500 590,190 l/ After deducting $443*204,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Foj?m R, 283a Released for publication Friday morning, April 12,1946; not-earlier* STATEMENT OF CONDITION. OF THE TWELVE FEDERAL RESERVE BARKS COMBINED (In thousands of dollars) Increase or decrease since April 10, April 3, Ap.ril 11, I9U6; - 1946 - • ' 1945 A S S E T S Gold certificates l7.35b,06Q + 30,005 - 253,205 Redemption fund for FfR.notes 744,872 - 31,105 + 98,630 Total gold certificate reserves 13,098,932 - 1,100 - 154,575 Other cash 316,191 - 11,765 62,448 Discounts and advances 352,91+6 -333,667 + 30,217 Industrial loans 1,538 26 - 2,762 Acceptances purchased 4,919 + 2,930 4,919 U. S, Govt, securities« Bills 13,479,433 +263,115 + 738,853 Certificates 6,386,696 — - ,152,685 Notes i,463,300 — ♦ 471,450 Bonds 902,91+2 - 221,450 Total U.S. Government 22,232,371 +263,115 ,141,538 Total loans and securities 22,591,7711 - 67,648 +2,,173,912 Due from foreign banks 110 • 6 F. R.notes of other banks 126,709 - 6,895 + 34,362 Uncollected items 1,81+5,682 -125,414 ♦ 74,183 Bank premises 33,160 + 1- 1,146 Other assets 45,287 + 1,595 m 3,500 TCiTAL ASSETS 1+3,057 , 81+5 -211,226 +2,,185,678 L I A B I L I T I E S Federal Reserve notes 21+, 010,62? + 5,678 ,642,575 Deposits j Member bank - reserve account , 15,1+05,767 + 9,435 + 812,338 U.S.Treasurer - general account 260,307 -272,707 • 148,624 Foreign 706,81+3 + 1,707 - 488,043 Other 453,892 +146,119 4* 96,034 Total deposits 16,826,809 -115,41+6 + 271,705 Deferred availability items 1.591,674 •103,247 4- 165,143 Other liabilities including accrued dividends 11,760 : » 86 ♦ . 1,225 TOTAL LIABILITIES 1+2,1+40,870 -213,101 >2,080,648 C A P I T A L A C C O U N T S Capital paid in. 181,398 + 171 . ♦ 13,903 Surplus (Section 7) 358,355 ‘ + 130,202 Surplus (Section 13b) 27,428 + 263 Other capital accounts 49,794 * 1,704 -39,338 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,057,845 -211,226 +2,185,678 Ratio of gold certificate reserves to deposit, and F.R.note liabilities combined 44.3/o + .I/» 2,^0 Commitments to make industrial loans 1,485 + 14 - 1,654 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forai F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS. ON APRIL 10, 1946 (Ip. thousands of dollars) . A S S E T S Total Boston New York Phila. Clav&i •Rich, Atlanta Chicago St*Louis •H * Ko-ns.Cly. 'Dallas SanFran. Gold certificates 17,354,060 724,121 5,001,897 787,096 1073;33l 879,210 994,770 3563,478 545,732 315,298 566,597 '440,722 2461,808 kudemption fund for F. R. notes 744,872 58,402 121,000 60,505 77,-041. -.61,734 44,234 87,420 42,690 . 2o,o4o 34,988 25,944 110,874 Total gold certificate reserves 18,098,932 782,523 5,122,897 847,601 H50,’372 940,944 Io39,ooi; 3650,895 583,422 335,338 601,585 ■466,666 2572,682 Other cash 316,191 32,360 65,184 19,150 27,579 23,298 24,626 35,348 11,276 4,626 17,610 12,996 42,138 Discounts and advances 352,946 13,170 177,413 11,074 30,720 11,629 3,170 49,300 18,210 1,600 26,970 1,330 8,360 Industrial loans 1,538 96 i,4o4 -- 38 >—• Acceptances- purchased 4#919 4,919 — — -- «... «... 1 U. S. Govt. securities!» Bills 13,479,433 824,560 3,301,233 929,227 1240,184 878,987 713,544 1829,259 616,127 374,853 630,499 ' 518,121 1622,839 Certificate’s 6,386,696 422,981 1,607,254 482,528 615,210 400,634- 319,687 823,340 320,816 182,258 304,190 .270,360 637,438 Notes 1,463,300 96,913 368,250.• 110,555 140,355 91,791' 73,246 188,641 73,505. 41,758 69,694' 61,944 146,048 Bonds 902,942 59,601 227,232 . 68,219 86,978 - 56,641 45,197 .116,403' .4:5,356 25,767 .«43,005: . 38,223 90,120 . . . * ’ Total U.. S. Government > securities 22,232,371 1404,255 5,503,96? 1590,529 2,083,327 1428,053 1151,674 2957,643 1055,804 .624,636 io47,38f.'886,648 2496,44! Total loans and i i i securities 22,591,774 1417,521 5,686,301 1603,o*j7 2114,047 1439,720' 1154,844 3006,943 1074,014 62^,236 1074,358; 889,978 2504,805 Due from f6reign banks ■ 110 • 7 1/ 37 : ' 9 *10 5; 4 .15 4 3 4 3*' 9 FrR.nctes of other banks - ,12;ö, 709 •2y70i '15,339 4,456 .. 5,666 ■ 38,873' 9,125 11,818. 7,670 5,?44 5>?71 4,049 ■ 16,197 Uncollected items 1,845,682 141.756 385,728 112,096 165,417 147,234 135,857 288,077 86,634 46,191 90,233 74,669 171,790 Bank premises 33,160 : §>615 , ,3,278 3,„961 2,748 1,558 3,099 2,o45 1,277 2,573 820 1,844 Other assets 45,287 3,083 10,684 2,903 '2,'775 2,407 . 6j2r7'' 2;657 *1,945 > l‘,939 1,826 ‘ 4,682 --- — 1--------- TOTAL ASSETS 43,05?,81+5 23.8^289 1^294i789.2592,500 3472,021 2595,597 2367,425 7002,415.1772-,722 1020,260 1793,673; 1451,007. ^14,147 l/ After deducting $73,000- participations of other Federal. Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis