H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday Morning, May 10$ not earlier) IUU.1 May 9, I9I46. CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 8, member bank reserve balances increased $UJ000,000.- Additions'to-member 'bank'reserves arose from* to increase of $135,000,000 in Reserve Bank credit and a decrease of $95,000,000 in Treasury deposits with Federal Reserve Banks, offset in part by a decrease of $3,000,000 gold stock and increases of $70,000,000 in money in circulation, and $15ij,G00,000 in nonmember deposits .and...other Federal Reserye accounts,-Excess reserves of member banks on May 8 were estimated to be approximately $900,000,000. Holdings of loans, discounts and advances decreased £18,000,000, while holdings of United States Government securities increased £153*000,000. The in crease in holdings of United States Government securities refleets increases of t $68,000,000 in certificates, $63,000,000 in bills", and; $22,000,000 in notes. Changes in member bank refeerve balances and related items during the week and the year ended May 8, I9I4.6, were as follows j Increase or decrease since. May 8, May 1, May 9, I9U6 (In millions of,dollars) U. S, Government securities 22,732 •f 153 +2,012 Loans, discounts and advances 208 18 .- 3^8 Other Reserve Bank credit 278 •- 36 Total Reserve Bank credit 23,219 + 135 +1/630 Gold stock 20,2l;8 3 :~ 10i| Treasury currency h.53h 1 + i»02 Member bank reserve balances 15,751 h + 722 Money in circulation 27,958 70 +l;6U6' Treasury cash 2,266 1 - 118 Treasury 'deposits- with F« R. Banks 3U 95 - 133 Nonmember deposits and other F. R. accounts 1,712 + 1% - 190 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H/U.l(a) STATEMENT OF CONDITION OF THE1 TWELVE -FEDERAL RESERVE' BANKS COMBINED (In thousands of dollars) Increase or decrease since May 8, May 1, May 9, : 1946 : ,. 1946;, 1945 A S S E T S Gold certificates 17V346,O6O + 5 162,300 Redemption fund for F # R. notes 749.015 - 1,394 +< 71,638 Total gold certificate reserves 18,095,075 - 1,389 a*- 90,662 O ^ t _ — n «— e r cash • .. , ••— . • •• *•" -• >" -I - 304,103 - 24,297 63,302 Discounts and advances 206,917 - 17,601 + 344,532 Industrial loans 1,383 - 114 2,829 Acceptances purchased 16,497 + 3,356 16,497 U S. Govt, securities. + 0 Bills 13,898;574 + 63,104 694,160 Certificates 6,235,596 + 68,300 823,385 Notes 1,695,200 • 21,500 707,350 •Bonds • 902,942 212,200 Total U. S. Government securities 22,732,312 +152,904 +2,012,695 Total loans and securities 22,957,109 +138,545 +1,681,831 Due' from foreign banks 110 '3 F. R. notes of other banks ; 123,333 - 14,514 + 38,962 "Uncollected items ij, 818,921 -185,375 + 259,698 Bank premises ; 33,021 58 1,200 Other assets 1 53,445 + 162 4,006 TOTAL ASSETS. 43:, 335,117 - 86,926 +1,947,922 L I A B I; L I T I E S Federal Reserve notes 23,964,229 + 32,313 +1,241,769 Deposits j Member bank - reserve account 15,750,966 + 3,717 +? 721,614 U # S # Treasurer - general account .313,900 ••- 95,355 . - 132,714 Foreign ' 746/204 + 17,694 ' - 325,338 Other • 416,074 +134,989 +: 24,229 TotaJ. deposits 17,227, 144 + 6i,o45 + 287,791 Deferred availability litems 1,557,321 -182,056 +, 312,035 Other liabilities including Accrued dividends 12,888 + 194 + 1,407 TOTAL LIABILITIES 42,761,582 - 88,504 +1,843,002 C AP I T AL A C C O U N TS Capital paid In .' 181,761 + ' 42 r + 13,890 Surplus (Section 7) 358,355 + 130,202 Surplus (Section 13b)- 27,428 + 263 Other capital accounts + 1,536 - 39,435 • 55,991 TOTAL LIABILITIES- AND^CAPITAL ACCOUNTS - 86,926 +1,947.922 '45,385,117 Ratio of gold, certificate reserves to deposit and F. R. note liabilities combined 43.9$ - A% •i 2.0f° Commitments to make industrial loans < 1,914 + 235 - 1,817 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

nJi. 1(h) # STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 8, 19^6 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis .Minn Kans.Cy. Dallas SanFran. # Gold certificates 17,3^6,060 726,902 h,922,771 780,U3U 106^756 • 868,197 978,102 3687,965 551,963 32U,5l*9 560,539 1^6,9652^32,867 Redemption fund for - F* Rm n°teS 7^9,015 58,173 119,671 60,211; 76,800 59,8^ f h5,75h 96>999 te,6o2 ,20,011 3^,911 25,623 110,226 Total gold certificate reserve?' 18,095,075 785,075 5,o!+2.,2+2+2 82+0,698 112+1,556 928,om: 1021,856 378U-.96U 592*,565 32+!+,56o 595,2+50 2+72,793251+3,095 other cash 3Qi*,l03 28,81+2 77,1+m 20,288 25,985 21,2+1+8 22,1+65 30.583 10,61+1 2+.,055 17,U76 lo,ol+o 32+,839 i/iscounts and advances 206,917 "19,1*23 39,806 10,992* 38,2*35 6,762+ 5,310 58,685 l2+,220 1,825 2,085 3,1*1*0 %4l Industrial loans 1,333 "" =• 92 -- 1,255 — 36 -- -- — — -- — — Acceptances purchased 16,1+97 •?-•- 16,1+97 U. S. Govt, securities: ^ilis . . . 13,898,571* 836,567 3,66b,872 955,739 1238,031 878,311* 729,11*8 1783,161+ 629,838 376,280 659,1*H 523,257 1623,953 fl ^rtmotttes 6,235,596 1+13,273 1,568,551* 1*71,157 600,839 391,205 312,268 803,807 313,101+ 177,921+ 297,055 26!+,012 622,393 lote/ 1,695.200 112,353 2+26,2+22+ 123,088 163,32*3 106,353 8l+,89l* 218,521 85,121 1+8,369 80,756 71,775 169,203 B° ndS 902,91*2 59,81+1+ 227,133 68,225 87,001+ 56,61+9 1+5,219 116,395 1+5.339 25.761+ IrS.Olli ^fi.2^1 90.125 Total U * S. Gove rnine nt securities 22,732,312 12+22,01+2 5,886,983'1623,209 2089,217 11*32,521- 1171,529 2921,887 1073*1*02 628,337 1080,236 897,275 2505,67!+ Total loans and ' .\> • - * " securities ;- 22,957,109 11*1*1,557 5,91*3,286 1635,1*58 2127,702 12+39,321 1176,839 2980,572 1087,622 630,162 1082,321 900,715 2511,55!+ Due from foreign banks , 1 1 0. 7 l/ 37 9 10' 5 1+ 15 1+ 3 k 3 9 O.not s of other banks 123,333 3,076 15,379' 2*,957 5,175 '38,2+55 8,82o 13,031 7,606 3,227 it,530 3,955 15,122 3 Uncollected items 1,818,921 136,71*1*. 375,651*. ,119,728 168,722+ 12+7,1+22+ 126,82+7 28.0,90b" 82+,812 2+5,853 88,893 7l*/856 168,2+86 ^anic premises .. .33,021 .1,33!+ 8,6oi 3,266 "3,951 2,72+1 l,55l* • - 3,Q96-i • 2,o2+o -1,215 $.,568 . 817 1,838 uther assets 53,1*1*5 3',329' • 11,927 '3,528. 5,983 3,2*21+ 5,012 6,732 5,325;; 1,2+2+2+ ' • 2,2+2+0 2.392 5,909 TOTAL ASSETS 1*3,.385, H7 2399,96^ n,-2+72+,*767 2627,932 32*79,086 2580,859 2361,377 7P9?,893 1790*615 1030,519 1793,682 12+65,571 5280,852 l/~ After deducting 573,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.i4.l(c) STATEMENT OF CONDITION OF THE FBDSRM, ,(ES3.{VE BJJtfKS ON MAY 8, 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. Dall as SanFran. Federal Reserve notes 23,961^,229 1452,885 5,345,452 l6ol+,0?6 2029,187 1655,714 1^27,661+ 4373,063 lOi+4,562 553,011+ 838 ,01+1 591,088 5001,503 Deposits: Member bank-reserve acet. 15,750,966 70i,844 4,942,782 785,250 1144,476 711,252 744,727 2275,776 601,232 387,552 767,269 755,358 1953,688 U.S.Treasurer-general acct, 313,900 26,176 72,793 21,317 52,551 17,380 16,865 49,174 13,106 15,350 10,1+52 6,21+0 32,513 Foreign 7l±6,20li. 45,419 1/276,308 53,425 65,1+62 35,085 26,71+8 94,322 23,932 17,597 25,229 22,521; 59,157 Other ij.16,0714: 2,81+2 351,877 3,052 4,532 5,258 1,802 3,778 9,920 2,673 2,003 2,591 1+5,836 Total deposits 17,227,11+1+ 776,281 5,623,760 868,Ol!.2 1247,071 766,953 790,140 2423,050 61+8,190 422,957 802,958 786,493 2071,249 Deferred availability item* i 1,557,321 129,702 505,235 103,853 11+5,646 123,939 117,410 218,636 74,960 57,785 79,927 65,945 153,257 Other liabilities includin. T accrued dividends 12,833 737 5,949 770 1,243 660 562 1,986 I,ox 582 495 1+32 1,179 TOTAL LIABILITIES 42,761,582 2359,605 11,276,1+21+ 2576,721 3421,147 2550,266 2335,776 7016,735 1763,205 1014,136 1771,421 il+43,950 5227,183 Capital paid in 131,761. 10,315 .61+., 328 13,1431 13,160 7,593 6,765 21,577 5,791 3,954 5,970 6,571 16,751 Surplus (Section 7) 353,355 • 22,1+39 116,860 28,91+6 15,593 14,450 53,029 12,959 8,369 11,391 10,670 23,924 Surplus (Section 13b) 27,423 3,012 7,205 l+,50l 1 ,007 3,526 762 l ,429 527 1,075 1,137 1,307 2,142 01he r capital accounts 55,991 4,093 9,950 4,2(33 5,027 4,076 3,624 7,125 3,155 2,487 3,265 3,065 5,647 TOTAL LIABILITIES ,2W CAPITAL ACCOUNTS 43,385,117 2399,964 11,474,767 2627,952 5479,086 2580,859-2361,377 7099,893 1790,615 1030,519 1793,682 1465,571 5230,352 Coriiirdtments to make industrial loans 1,914 354 521 299 — 3 170 67 F. R. notes outstanding , 24,607,164 1476,355 5,502,268 1645,631 2087,350 1714,005 1464,936 4437,196 1079,212 562,098 911,581 6i4,ll9 3112,1+13 Collateral for F. II. notes held by F. R. .'.gents; Gold certificates 11,339,000 410,000 3,420,000 500,000 655,000 570,000 640,000 2545,000 500,00.0 170,000 230,000 169,000 1750,000 Eligible paper 69,362 16,543 24,321 7,259 , 4,649 —- 12,690 700 600 2,100 li. S. Govt, securities 14,003,523 1100,000 2,100,000 1200,000 1550,000 ii75,ooo 350,000 1900,000 928,523 400,00.0 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS ^D SECURITIES 'Within 16 to 31 to 61 to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 50 days 60 days 90 days 6 months to 1, year years years 5 yosrs Discounts and advances 206,917 104,369 15,501 76,302 10,245 Industrial loans 1,535 1,161 8 9 59 :80 19 46 acceptances purchased 16,497 4,916 4,923 5,197 1,456 U. S. Govt. s ecuriti es 22,752,512 3,129,924 2.633,346, ..5,651,437 4,936,209. .2,669,550., 2.534,706. 21,400, 460,500 590,190 Digitized for FRASER w1/ Aft or deducting oj.^g 498 ,000 participations of other Feeler al reserve Bern's http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis