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 26; of the Federal Reserve System not earlier. April 25, lyh6 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 2JL*. member bank reserve balances increased $62,000,000. Additions to* member bank reserves arose from increases of $ljl|,000,000 in Reserve Bank credit and $22,000,000 in Treasury currency and a de­ crease of $71,000,000 in money in circulation, offset in part by increases of $51,000,000 in Treasury deposits with Federal Reserve Banks and $20,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $1*., 000,000 in gold stock. Excess reserves of member banks on April £l* were estimated to be approximately $870,000,000. Holdings of loans, discounts and advances decreased $3,000,000 while holdings of United States Government securities increased $201,000,000. The increase in holdings of Unitod States Government securities reflects increases of $139,000,000 in b ills and $6i+,000,000 in notes and a decrease of $2,000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year ended April 2it, 19)4.6, were as follows: Increase or decrease since April 21}., April 17, April 25 ____ 19b 6 19^6 ____19^5 (In millions of dollars) U. S. Government securities 22,301* + 201 +1,860 Loans, discounts and advances 325 3 - 137 Other Reserve Bank credit 273 - 15U 31 Total Reserve Bank credit 22,901 + Uk +1,591 Gold stock 20,2U7 - h - 127 Treasury currency h, 536 + 22 + 1*16 Member bank reserve balances 15,1*57 + 62 + 7U9 Money in circulation 27,877 - 71 +1,803 Treasury cash 2,260 + 1 - Ill Treasury deposits with R. Banks 385 + 51 266 Nomaomber deposits and other F.R.accounts 1,706 + 20 - 29!^ 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 24, 191*6 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chica gp St.Louis Minn*. Kans .Cy. Dalla s SanFran. Fec.ei'al Reserve notes 23,927,959 1454*917 5,326,270 1603,288 2027,438- 1659,038 1427,288 4360,525 1041,577 550,214 885,476 587,892 3004,236 Deposits : 15 ,1+56,965 684,601 4,853,983 775,686 1118,130 ’ 687,376 717,126 2244,601 580,392 577,721 760,205 719,131 1958,015 .. 38l*,630 27 »801 124,762 20,104 34,642 26,299 20,658 54,552 10,805 11,224 11,412 11,790 50,801 Foreign 729,909 44,297 1/271,012 57,064 63,940 32,314 26,126 92,128 23,576 17,188 22,688 22,001 57,775 Other 1*29,102 2,275 342,394 3,828 11,403 3,719 3,439 5,420 9,439 5,472 278 1,591 45,795 Total deposits 17,000,606 758,971' 5,592,151 856,682 1228,115 749,707 767,349 2394,481 624,062 409,6j5 794,531 754,513 2070,386 Deferred availability it 1,810,01*0 140,569 348,708 115,489 165,380 149,534 152,212 254,637 79,066 41,666 101,920 96,945 177,364 Other liabilities including accrued dividends 12,971 676 4,306 734 1,178 597 543 1,946 454 487 456 482 1,132 TOTaL LIABILITIES 1+2,751,576 2361,136 11,271,435 2576,193 3422,611 2558,876 2 527 , 392 7011,639 1744,959 1001,972 1732,455 1439,352 5253,113 Capital paid in 181,650 10,814 64,329 13,467 18,134 7,590 6,744 21,565 5,788 5,955 5,968 6,566 16,732 Surplus (Section 7) 356,355 22,439 116,860 28,5*46 33,745 15,593 14,450 55,029 12 959 8,869 11,891 10,670 23,924 Suip lus (Section 13b) 27,1+28 3,012 7,205 4,501 1,007 3,326 762 1,429 527 1,075 1,157 1,507 2,142 Other capital accounts 52,744 3,895 9,159 4,030 4,735 3,909 5,461 6,655 2,932 2,411 5,105 2,959 5,465 TOTAL LIABILITIES AND capital accounts 1+3,371 »753 2401,296 11,468,988 2627,137 3480,232 2589,294 2552,809 7094,517 1767,175 1018,278 1804,532 11*61,514 5306,331 Commitments to make industrial loans * 1,550 — 701 4oi 200 — 5 — 178 67 F. R. notes outstanding 2l+, 737,51+0 11*86,056 5,502,686 1657,465 2101,183 1732,406 1432,459 4451,570 1082,291 560,779 916,566 619,512 3144,567 Collateral for F. R. notes held by F’* R. agents: Gold certificates ll,5ll+,000 1*10,000 3,420,000 500,000 635,000 600,000 665,000 2565,000 300,000 170,000 280,000 169,000 1300,000 Eligible paper 208,1*01 21,447 104,906 17,749 —- 10,039 — — 21,660 7,600 21,900 ---- 3,100 U. S. Gov£. securities 13.991,199 1100,000 2,100,000 1200,000 1550,000 1175,000 850,000 1900,000 916,199 4oo,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS A.ND 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 and advances 323,546 257 j,927 40,279 9,418 15¡,922 ... --- — ---- Industrial loans 1,1+1+3 1,,271 8 3 22 112 15 9 --- — - Acceptances purchased 8,729 1,1+15 3,391 2,336 1,037 U. S. Govt, securities 22,303,731 3,1+57,379 2,080,91+5 4,956,1*15 5 ,o64,3o6 2,370,1490 2,822,50 6 1*60,500 590,190 1/ , S t er deducting $14.53,578,000 participations of other Federal Reserve Banks* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form P. R. 383a Released for publication Friday morning, April 26,1946; not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since April 24, April 17, April 25, 1946 1946 1945 A S S E T S Gold certificates 17,346,055 5 - 199,305 Redemption fund for F, Ri notes ' 752,146 - 1,830 + 88,348 Total gold certificate reserves 18,098,201 - 1,835 - 110,957 Other cash 338,808 + 15,747 + 82,700 Discounts and advances 323,546 - 2,753 - 184,715 Industrial loans 1,443 82 - 2,471 Acceptances purchased 8,729 -+ 1;766 + 8.729 U. S. Govt, securities Bills 13,547,793 +139,009 + 455,230 Certificates 6,326,196 - 1,500 +1,,088,185 Notes ■ 1,526,800 + 63 » 500 + 538,950 Bonds 902,942 - 222,550 Total U, S. Government securities 22,303,731 +201,009 +1,,859,815 Total loans and securities 22,637,410 +199,940 '+1,,681,358 Due from foreign banks 110 — - 6 F. R. notes of other banks 137,072 + 7,169 + 47,561 Uncollected items 2,073,971 -280,183 + 21I*, 601 Bank premises 33,123 37 - 1,142 Other assets 53,019 + 3,343 - 1,593 TOTAL ASSETS 43,371,753 - 55,856 + 1;,912,522 L I A B I L I T I E S Federal-Reserve notes 23,927,959 - 67,171 +1,,422,585 Deposits» Member bank - reserve account 15,456,965 + 61,858 • + 749,006 U.S,Treasurer - general account 384,630 + 50,913 - 266,650 Foreign 729,909 + 21,1*82 - 437,987 Other 429,102 922 + 34,295 Total doposits 17,000,606 +133,331 + 78,664 Deferred availability items 1,810,01*0 -121*, 661 + 304,301 Other liabilities including accrued dividends 12,971 + 849 + 1,758 TOTAL LIABILITIES 42,751,576 - 57,652 + 1.807,308 C A P I T A L A C C O U NT S Capital paid in 181,650 + 1*3 + 14,028 Surplus (Section 7) 358,355 — + 130,202 Surplus (Section 13b) 27,1*28 + 263 Other capital accounts 52,744 * 1,753 - 39.279 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,371,753 * 55,856 + 1,,912,522 Ratio of gold, certificate reserves to deposit and F, R. note liabilities 44.2f« - ,1% 2.($ Commitments to make industrial loans 1,550 + 70 - ¿,031 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 21;, 191*6 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. -Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Gold certificates 17,346,055 726,740 5,064,744 779,079 1061,550 853,803 948,286 3638,605 534,267 316,418 550,012 433,763 21*38,788 Redemption fund for • F. R. notes 752,146 58,306 120,676 60,370 76,932 60,443 43,990 97,160 42,656 20,026 34,964- 25,894 110,729 Total gold certificate reserves 18,098,201 785,046 5,185,420 8-39,449 1138,482 914,246 992,276 3735,765 576,923 336,44k 584,976 459,657 :2549,517 Other cash 338,808 31,408 79,906 19,254 28,825 25,573 25,626 36,837 14,173 4,70.5 19,853 10,842 41,766 Discounts and advances 323,546 24,007 118,226 21,069 40,620 11,919 20,325 24,750 23,020 8,600 23,220 1,330 6,46o Industrial loans 1,443 92 — 1,315 — 36 — -- mm mm — — Acceptances purchased 8,729 8,729 — — -- — — — — — — — U. S. Govt, securities: Bills 13,547,793 819,958 3,424,156 939,327 1216,611 877,821* 712,975 1822,302 611,345 360,1*25 634,721' 510,826 1617,323 Certificates 6,326,196 418,987 1,592,003 477,959 609,388 396,841 316,664 815,539 317,772 180,531 301 309 267,801 631,402 iiotes 1,526,800 101,120 384,221* 115,353 147,074 95,776 ■ 76,426 196,827 76,693 43,570 72,720 64,632 152,3*5 Bonds 902,942 59,802 227,228 68,219 ■ 86,979 56,641 -45,198 116,403 45,356 25,767 1*3,006 38,223 9c,120 Total U. S. Government securities 22,303,731 1399,867 5,627,611 1600,858 2060,052 11*27,082 1151,263 2951,071 1051,166 610,293 1051,756' 881,482 ;21*91,230 Total loans and securities 22,637,449 1423,966 5,754,566 1623,242 2100,672 1439,037 1171,588 2975,821 1074,186 618,893 1074,976 882,812 :21*97,690 Due from foreign banks 110 7 1/ 37 9 10 5 4 15 4 3 .4 3 9 F.R.notes of other ban* ' 137,072 3,963 15,311 6,300 6,892 38,486 n,477 15,360 8,107 5,037 5,611 3,404 16,114 Uncollected items 2,073,971 152,231* 412,948 132,226 195,764 165,972 147,345 321,284 88,642 50,450 111,755 101,330 194,021 Bank premises 33,123 1,338 8,619 3,265 3,951 2,741 1,557 3,099 2,045 ■ 1,277 2,573 820 1,838 Other assets 53,019 3,334 11,181 3,392 5,636 3,234 2,936 6,136 3,095 1,469 4,744 2,436 5,426 TOTAL ASSETS 43,371,753 3401,296 11,468,988 2627,137 3480,232 2589,294 2352,809 .7094,317 1,767,175 1018,278 1804,532 1461,314 5306,381 l/ Aftei- deducting $73,000 participations of- other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis