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 19; of the Ffederal Reserve System not earlier. April 18, 19)46 CONDITION'OF THE FEDERAL RESERVE BANKS During the week ended April 17 member bank reserve balances decreased $11,000,000. Reductions in member bank reserves resulted from an increase of $7U,000,000 in Treasury deposits with Federal Reserve Banks and a decrease of $2,000,000 in gold stock, offset in part by increases of $11,000,000 in Reserve Bank credit and $22,000,0l0 in Treasury currency and decreases of $7-,000,000 in money in circulation and $25*000,000 in nonmember deposits and other Federal Reserve accounts. Excess reservos of member banks on April 17 were estimated to be approximately $820,000,000. Holdings of loans, discounts and advances decreased $26,000,000 and.of United States Government securities $129,000,000. The decrease in holdings of United States/secvu^ic^"0 reflects decreases of $71*000,000 in b ills and $59,000,000 in certificates. Changes in member bank reserve balances and related items during tho week and the year ended April 17» I9U6, were as follows: Increase or decrease since April 17, April 10, April 18, 19I+6 19^6 19k5 (In millions of dollars) U. S. Government securities 22,103 - 129 + 1,950 Loans, discounts and advances 328 - 26 - 17 Other Reserve Bank credit 1+27 + 168 - hi Total Reserve Bank credit 22,857 + 11 + l,88l* Gold stock 20,251 - 2 - Ih5 Treasury currency h,5ih + 22 + 397 Member bank reserve balances 15,395 11 + 813 Money in circulation 27,9^8 - 7 + 1,880 ‘Treasury cash 2,259 — - 115 ireasury deposits with F* R* Banks 53h * ■ + 7h - ?6 Nonmoiaber deposits and other F. R, accounts 1,686 - 25 - 3h5 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forrn F. R, 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 17, 19^4-6 (In thousands of dollars) L I A B I L I T I E S Total Boston Nev York Phila. Cleve. Rieri. Atlanta Chicago St.Louis Minn . Kana • . Dallas oanFran, Federal Reserve notes 23,995,130 1456,564 5,335,1+15 1606,028 2034,003 1665,706 11+32,005 1+368,322 101*4,027 550,1(48 888,718 590,133 3023,761 Deposits : . Member bank-reserve acct. 15,395,107 679,1+50 1+,761,789 765,086 1141,499 718,530 736,090 2229,680 582,039 379,253 754,148 720,706 1927.637 U.S.Treasurer-general acct, 333^717 2l+,733 68,609 27,946 30,503 26,3oé 12,475 59,965 18,801 14,249 12,005 10,496 27,627 Foreign 703,1+27 43,114 1/261,718 55,550 62 ,243 31,456 25,432 89,683 22,755 16,732 22,086 21,416 56,242 Other 430 ,021l 2 >971 34l,56>7 3,283 9,549 3,111 l>389 3,419 10,255 3,4 90 2,221 1,795 46,474 . Total deposits 16,867,275 750,268 5,433,683 851,865 1243,794 779,405 775,686 2332,947 035,850 412,724 790,460 754,413 2057,980 Deferred availability items 1,934,701 162,412 386,532 126,866 187,613 153,297 146,135 282,716 9C,064 42,314 95,587 78,868 177,242 Other liabilities including * accrued dividends 12,122 680 . 3,754 671 1,139 559 492 1,912 426 532 4L+0 436 1,081 TOTAL LIABILITIES 1+2,809,223 2369,924 11,159,381+ 2585,1+30 3466,554 2603,967 2354,568 7035,897 1768,367 1006,018 1775,205 1423,850 5260,064 Capital paid in 181,607 10,311+ 64,323 13,464 13,183 7,586 6,71+4 21,54!+ 5,787 3.953 5,966 6,562 16,681 Surplus (Section 7) 358,355 22 ,1+39 116,860 28,946 33,745 15,593 14,450 53,029 12,939 8,869 11,391 10,670 28 ,924 Surplus (Section 13^) 27,1+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 50,991 3,71+2 8,783 3,922 4,575 3,790 3,380 6,397 2,379 2,364 2,987 2,878 5,294 TOTAL LIABILITIES. AND CAPITAL ACCOUNTS 1+3,1+27,609 21+09,931 11,356,555 2636,263 352l+,0&+ 263l+,262 2379,901+ 7110,296 1790,1+99 1022,277 1797,186 1445,267 5313,105 Commitments to make industrial loans 1,480 — ----- 631 4oi 2ü0 — — 3 ----- — 178 67 F. R. notes outstanding 21+,896,633 11+98 ,082 5,517,323 1664,053 2110,284 1743»823 1499,763 1+474,326 1089,031 563,392 922,200 622,806 3191,01+8 Collateral for F. R. notes held by F. R. Agents 2 Gold certificates 11,589,000 1+10,000 3,420,000 500,000 635,000 600,000 665,000 2590,000 300,000 170,000 280,000 169,000 1850,000 Eligible paper 219,609 12 ,910 114,801 24,154 —- 13,774 — — 17,200 6,600 30,150 — ~20 U. 8# Govt, securities il+ ,002,607 1100,000 2,100,000 1200,000 1550,000 1175,000 850,000 1900,000 927,607 400,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF‘ LOANS A;d seojäitlüs Within l6 to 31 to 61 to 91 days tc) 6 months ]L to 2 2 to 5 Over Total IS days 30 days 60 days 90 days 6 months to 1 year years' yjars 5 years Discounts and advances 326,299 270,251+ 19,21+0 14,983 21,822 —- ---- — - ---- ---- Industrial loans 1,525 1 ,31+6 1 6 8 ' 59 83 13 9 ---- Acceptances purchased 6,963 1 ,►359 1,836 2,732 ' 1,036 ---- ---- — ---- U. S* Govt, securities 22,102,722 3,1*1+6,1+71+ 2,111,285 4,899,873 4 ,8.99,904 2,840,490 2,854,006 ¿+60,500 590,190 l/A fter deducting $144.6,105#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 19 1946; not earlier. STATEMENT OF CONDlilON OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since April 17, April 10, April 18, ‘ 19U6 , • 1946 1945 A S S E T S Gold certificates 17*31+6*060 8,000 • 236,205 Redemption fund for F. R, notes . 753,976' + • 9,104 4 104,953 Total gold certificate reserves -18,100,036. ♦ lilo4 * 131,252 Other cash 323,061 ♦ 6,870 4 72,091 Discounts and advances 326,299 - 26,£47 - 14,929 Industrial loans 1*525. m Acceptances purchased 6' 963 ♦ 2,o41+ 4 ■ f M U. S. Govt, securities». Bills 13,4o8,784: - ' 70,649 4 595,766 Certificates 6,327,696 - 59,000 ♦lj,103,685 Notes 1,463,300 4 475,450 Bonds • 902,942 — r 225,150 Total U. S, Government securities 22,102,722 - 129,649 +1, 9^9,751 Total loans and securities 22,437,509 - 154,265 ,939,042 Due from foreign banks no 6 F. R..notes of other banks 129*903 + 3,194 4 37,588 Uncollected items 2,354*154 + .508,472 4 229,180 Bank premises 33*160 •» - 1,146 Other assets 49,676 +. 4,389 - 2,464 TOTAL ASSETS 43,427,609 + 369,764 +2,11*3,033 L I A B I L I T I E S Federal Reserve' notes 23,995.130 - 15,497 +1,491,101 Deposits t Member bank - re1s5e,r3v9e5 ,a1c0c7ount ■* • 10,660 4 812,784 U.S.Treasurer - general' account .333*717 ♦ 73, Uo < 96,229 Foreign 708*427 + 1,584 483,059 Other 430,024 - 23*868 4 27,727 Total deposits 16*867,275 + 4o,466 4 261,223 Deferred availability i.tems . . .1,934,701 +.343,027 4 # 284,019 Other liabilities including accrued dividends 12,122 + 362 4 1,495 TOTAL LIABILITIES 42,809,228 + 368,358 +2,037,838 C A P I T A L A'C C . 0 U H S Capital paid in 181,607 + 209 4 14,063 Surplus (Section 7) 358,355 4 130,202 Surplus (Section 13b) 27,428 4 263 Other capital accounts . 50,991 ♦ 1,197 • 39,333 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+3,427,609 + 369,764 +2,143,033 Ratio of gold certificate reserves to deposit and F, R. note liabilities combined 44.3%- ; - 2.3% Commitments to make industrial loans " i,48b 5 - 1,673 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 APRIL 17, 1946 (In thousands of dollars) A S S E T S Total Bostón Now' York Phila. Cl’eve. Rich.' Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas ¡SanFran* Gold certificates 17 » 3 46,060 708,176 4,968,683 797,303 1066,87.5 858,079 969,157 3657,587 552,693 515,905 556,409 444,069 2453,126 Redemption fund for *. - F. R. notes 753,976 58,402 120,998 60,504 77,041 . 61,032 44,235 97,284 42,£9o 20,040 34,988 25,918 110,846 Total gold certificate reserves 18,100,036 766,578 5,089,681 857,807 1143,916 919,111 1015,590 3754,871 595,385 555,943 591,597 469,987 2563,972 Other cash 323,061 31,409 75,058 17,715 31,954 21,322 22,711 34,182 11,865 4,056 18,286 11,841 42,662 Discounts and’ advances 326,299 15,470 128,121 27,474 37,920 15,654 6,720 32,600 18,560 7,600 51,470 1,330 3,580 Industrial loans 1,525 96 — 1,391 — 38 — — ---- — — ---- — Acceptances purchased 6,963 — 6,963 — — — — — mm mm » . — — U, S.Go^t. securities: Bills 13,408,784 835,722 3,300,974 918,353 1232,757 873,482 722,188 1801,845 615,590 368,887 626,554 496,787 1615,065 Certificates 6,327,696 418,846 1,592,917 478,035 609,388 396,897 516,624 815,776 517,945 180,591 501,552 267,823 651,522 Notes i,U63,300 '96,859 368,367 •110,548 .140,923 91,782 75,221 188;651 75,525 41,762 69,684 61,936 146,042 Bonds 902,942 59,768 227,304 68,215 86,958 56,635 ' 45,181 116,409 45,369 25,770 .-..i&aasL '58,218 90,116 Total U.S.Government •securities 22,102,722 1411,195 5,489,5^2 1575,151 2070,006 1423,796 1157,214 2922,681 1050,229 617,010 1040,369 864,764 :2480,745 Total loans and securities 22,437,509 1426,761 5,624,646 1604,016 2107,926 1439,488 1165,954 2955,281 1068,789 '624,610 I071,-839 866,094 ‘2484.125. Due from foreign banks 110 7 1/ 37 . 9 10 5 4 15 4- 3 .4 5 9 F.B.notes of other banks 129,903 3,260 T6,465 ' 5,143 5,802' 39,375 11,798’ 11,875 6,686 5,417 5,431- 3,881 14,772 Uncollected items 2,354,154 177,023 530,788 145,057 225,325 209,348 165,751 353,098 102,814 .51,623 104,139 90,375 200,855 Bank premises 33,i6o 1,338 8,619 3,278 3,961 2,748 1,558 5,099 2,045 1,277 2,573 820 1,844 Other assets 49,676 5,555 11,261 3,238 5.170 2,865 2,77.8 5.877 2,913. .ii3hJL____L.5.1.7- 2.266_ .... ii^aaa ,. TOTAL ASSETS 43,427,609 2409,931 11,356,555 2636,263 3524', 064 2634,262 2379,904 7118,296 1790,499 1022,277 1797,186 1445,267 5315,105 l/ After deducting $73,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis