H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Implication Saturday Morning, Jun& 1; n0^ earlier) E.k.l May 31, I9I46 CONDITION OF THE INDERAL RESERVE BAMS During the week ended May 29, member bank reserve balances increased $18i| 000,000* Additions to member bank reserves arose from an increase of f $U2J4,000 000„in Reserve Bank credit and a decrease of $28,000,000 in nonmember # deposits and other Federal Reserve accounts, offset in part by a decrease of $3,000,000 in gold stock and increases of $1^5*000,000 in money in circulation, $119,000,000 in Treasury deposits with Federal Reserve Banks, and $3,000,000 in Treasury cash. Excess reserves of member banks on May 29 were estimated to be approximately $820,000,000. Holdings of loans, discounts and advances increased $7h*000,0Q0 and of United States Government securities $3lj0,000,000. The increase in holdings of United States Government securities reflects a like increase in bills. Changes in member bank reserve balances and related items during the week and the year ended May 29, I9I4.6, were as follows 1 Increase or decrease since May 29, May 22, May 30, 19U6 I9I46 191+5 (In millions of dollars) U S Government securities 22,983 •f 3ii0 •1 ,960 D # Loans, discounts and advances 238 + Ik - 652 Other Reserve Bank credit 336 + 11 * 9 Total Reserve Bank credit 23,556 •f l&k +1 ,298 Orold stock 20,21|2 - 3 - 28 Treasury currency U,533 + 1 + 392 Member bank reserve balances 15,689 + 18U + 318 Money in circulation 23,106 + 1U5 +1 ,606 Treasury cash 2,265 + 3 - 50 Treasury deposits with F R Banks 681 + 119 + 255 # # Nonmember deposits and other *. R. accounts 1,591 - 28 - I467 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(a) STATEMENT OF.C ONDITION OF THE TWELVE FEDERAL RESERVE Bi\M%S COMBINED (In.thousands of dollars) Increase or decrease since ;May 29, May 22, May 30, 19U6 - 19^6 19U5 A S S E TS Gold certificates 17,3^4,060 - 1,995 72,li05 Redemption fund for F # R, notes • 7^8,058 + . 613 + 52,964 Total gold certificate reserves 18,092,118 - 1,382 - ; I9,l4l4l Other cash 259>9li5 - 31,021 + ir,854 Discounts and advances 236,507 + 73.425 6^9,027 Industrial loans 30 2,978 acceptances purchased l.l,32U - 2,1421 11,3214 U. S. Govt, securities: Bills 1I4, 005,85li +3Uo,o67 ++ 9U1.757 Certificates 6,355,596 ++ 508,285 Notes 1,738,200. ++ 721,750 Bonds 902,91+2 212,200 Total U, S. Government securities ' 22,982,592 +340,067 '' ++11 ,959,59?- Total loans and securities 23,231.Ihl ' +411,041 +1 ,518,911 Due from foreign banks 85 - - 25 27 F. R. notes of other banks 118,716 + 2,910 + 56,6140 Uncollected items -1,907,701 -108,293 + 260,44o Bank premises 35,029 143 1,145 Other assets 56,128 - 50I1 5,877 TOTAL ASSETS' 143,779,469 +272,683 +1 ,601,555 L I A B I L I T I ES Federal Reserve notes 214,066,1413 +119,911 +1 ,221,526 Deposits; Member bank - reserve account 15,688,738 . +183,721 '317,3140 U. S. Treasurer-general account ' 680,516 +118,992 + 255,015 Foreign 608,209 - 51,890 550,871 Other U29,78B + 20,622 29,888 Total deposits 17,1407,251 +271,445 8.398'. Deferred availability ite'ms 1/663,1463 '-121,271 + 281,557 Other liabilities including accrued dividends 13,828 + ' 913 + 1,1453 TOTAL LIABILITIES 43,150,955 .+270,998 +1 ,1496,1143 C A P I T AL A C C O U N TS Capital paid in 182,003 ++ 6677 ++ 13,858 Surplus (Section 7) 358,355 ++ 130,202 Surplus (Section 13b) 27,1428 ++.. 263 Other capital accounts •60,728' ++ 11,,661188"" 39,111 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 113,779,1469 ++227722,,668833 ,601,355 Ratio of gold certificate reserves to deposit and F« R. note liabilities combined U3.6?o •1.1$ Commitments to make industrial loans 5,U3l + 20 + 1,111 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. l+.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANES Oil MAY 2o, I9.46 (In thousands of dollars) A S S E TS Total Boston ITev/ York Phi la. Cleve. Rich.4 Atlanta Chicago St. Louis Minn. Ka.ns.Cy. Dallas SanFran. Gold certificates 17,344,060 750,999 5,009,151; 821,665 1105,812 799,936 962,106 3632,58/4 558,050 324,729 560,981 1,53,721 2564,340 Redemption fund for ¥. R. notes 748,058 58,020 H9,03li 59,902 76,615 60,795 43,566 96,770 1;2,553 19,936 54,885 25,790 110,olo Total gold certificate reLorve J - 18,092,118 809,019 5,128,188 881,647 1182,427 86o,73i 1005,694 3729,354 600,533 344,715 595,869 479,511 2474,380 ucher casn 259,945 22,225 67,435 16,843 21,828 17,674 18,590 28,584 10,175 3,759 15,624 7,691 29,512 discounts and advances 236,507 15,183 6f«,Cll 15,319 42,645 13,^90 6,010 27,995 16,260 4,300 6,710 3,9"'4 15,580 Industrial loans 1,321; 87 ~ 1,204 — 33 Acceptances purchased 11,324 — 11,324 U. S, Govt, securitiest Dills 14,005,854 844,023 3,60^,262 910,582 1238,286 910,602 734,352 1391,274 619,79" 373,610 645,282 513,055 1719,727 Certificates 6,335.596 420,436 l,5^-',520 47r'.7^7 610,796 307,568 517,532 816,600 517,912 180,73^ 301.925 268,337 652.458 *otes 1,738,200 115,349 456,916 131,557 167,575 109,0/5 87,117 224,030 "7,221 49,586 ~2836 73,618 175,512 ; DOnds 902,942 59,92-.' 226,964 66,236 87,050 5^,662 45,255 116,5" 1 45,50? 25,758 43,051 5j}>J\*2_ .._90,134 Total U. S. Government securities 22,982,592 1459,728 5,861,6'2 1538,968 2103,707 1473,907 1184,256 3043,295 1070,241 629,695 1073,074 R93,252 2615,"11 Total loans-and secu"rltiii~~" 23,231,747 1454,998 5,9^0,997 1603,491'2146,352 1492,430 1190,266 3076,238 1036,521 633,993 1079,764 097*2362629,391 Due from foreign banks ,35 6 7 F.R.notes of other banks 118,716 5,145 Uncollected items 1,937,701 143,522 4 Bank premises 33,029 l,5'-9 Other assets 56,12£ 3,/03 TOTAL ASSETS 43,779,469 2457,947 11,602,558 2631.177 3561,524 2551,361 2354,227 7170,102 1798,643 1039,750 1310,162 1474,905 5547.155 1/ After deducting $57,000 participations of other Fider-.l R.::ervo Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.li l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MY 29, lgl*6 N (In thousands of dollars) L I A B I L 1 i SS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 21*,066,1*13 11462,090 5,1*05,928 1618,729 2056,830 161*7,198 11*26,265 1*1*05,551 101*5,295 553,602 886,581 591,358 2989,386 Deposits: Meraber bank-reserve acct. 15,688,753 702,068 1*,965,339 772,570 1158,951; 681,595 726,555 2250,80!* 590,502 391,530 765,855 738,559 1936,829 U.S.Treasurer-general acct. 680,516 56,123 123,250 1*0,829 101,659 55,001 58,217 125,151* 29,5li* 25,98!* 21*, 538 51,1*1*1 51,066 18,892 18,320 1*8,119 Foreign 608,209 57,089 1/225,877 1*7,517 55,21*2 26,907 21,755 76,7H* 19,1*65 11*, 312 1,21*9 p ?nc 1, A. 2.^7 other 1*29,788 5,51*7 5U8,7l*6 2,753 11,919 l,8l*2 1,511 2,627 12,Q1*5 2,11*1* Total deposits 17,1*07,251 798,827 5,665,192 865,1*71* 1298,751; 7fe5,3l;5 767,836 21*55,279 651^21* 1*31,970~ 308,531* 790,1*15 2152,321 Deferred availability items I,663,h65 135,505 331,900 96,661 166,061 127,190 113,61*1* 2J|3,373 73,899 37,261* 92,231* 70,751 169,901 Other liabilities including accrued dividends 13,828 786 3,989 800 1,379 690 62o 2,350 513 360 530 556 1,275 TOTAL LIABILITIES 1*3,150,955 2397,288 11,1*05,009 2579,661* 5505,OOl* 2520,1*25 2528,565 7086,555 1776,051 1023,196 1787,679 U* 53,030 5292,883 Capital paid in 182,003 10,809 61*, 365 13,1*89 18,258 7,603 6,787 21,599 5,811 3,959 5,971* 6,589 16,760 Surplus (Section 7) 358,555 22,1*59 116,860 23,9146 55,71*5 15,593 U*,l*50 53,029 12,939 8,869 11,891 10,670 28,921* Surplus (Section 13b) 27,1^28 3,012 7,205 l*,5oi 1,007 5,526 762 1,1*29 527 1,075 1,137 1,307 2,11*2 Other capital accounts 60,728 1*,399 11,119 1*,577 5,510 !*,1*16 3,863 7,712 3,555 2,655 3,1*81 3,257 6,1*26 TOTAL LIABILITIES AID CAPITAL ACCOUNTS 1*3,779,1*69 21*37,91*7 11,602,558 2631,177 3561,521* 2551,361 235l*,227 7170,102 1798,61*3 1039,730 1810,162 ll*7l*,903 53u7,135 Commitments to make industrial loans 5,1*31 857 521 >65 5,603 170 15 F. R. notes outstanding 21*, 693,082 11*91,812 5,51*5.939 1657,289 2086,893 170l*,637 11*62,765 1*1*72,526 1079,021 561*,597 910,01*6 619,51*3 3098,216 Collateral for F.R.notes held by F.R. Agents: Gold certificates 11,1*1*1*, 000 1*10,000 5J*95,ooo 500,000 655,000 550,000 61*o,ooo 2595,000 500,000 170,000 280,000 169,000 1700,000 Eligible paper 71,515 7,503 28,051 5,559 — 12,850 -- -- 12,200 1,300 2,750 -- 3,500 U.S. Govt, securities 15,985,802 1100,000 2,100,000 12 00,000 1550,000 1175,000 850,000 1900,000 908,802 1*00,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 51 to 61 to 9I 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 years Discounts and advances 256,507 60,371* 7,010 22,186 11*6,957 Industrial loans 1,521* 1,106 7 8 '9 56 75 19 1*6 Acceptances purchased 11,521* 5,167 5,1*56 2,690 51 U. S, Govt, securities 22,982,592 5,657,51*2 2,585,885 5, 558,209 5,026,610 2,71*0,050 2,56!*,2o6 21,1*00 1*60,500 590,190 1/ After deducting $581,855,000 participations of other Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis