H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS. OF THE FEOERAL RESERVE SYSTEM (Released for Publication Friday Morning, June 21; not earlier) K.a.l June 2o, I9U6 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 19, member bank reserve balances increased $7,000,000. -Additipns to member bank reserves arose from decreases of $[|i|l,000,000 in Treasury deposits with Federal Reserve Banks, $20,000,000 in Treasury cash, and $12,000,000 in money in circulation, offset in part by a decrease of $ljl|.2,000,000 in Reserve Bank credit and an increase of $25,000,000 in nonmeiuber deposits and other Federal Reserve accounts. Excess reserves of member banks on June 19 were estimated to "be approximately $550,000,000* Holdings of loans, ^discounts arid advances remained practically unchanged whil- holdings of United States Government securities decreased $579*000,000. The decrease in holdings of United States Government securities reflects an increase °T $39*000,000 in certificates and decreases of $it71,000,000 in bills and $1^.3,000,000 in bonds. ' • Changes in member bank reserve balances and related items during the week and the year ended June 19, I9I4.6, swe*re as follows: Increase or decrease since June 19, June 12, June 20, 19^ I9I16 I9U.5 (In millions of di )llars) U. S, Government securities 22,691 _ 579 +l,18i| Loans , dis 0ounts and r ;a4.va;ace s . 253' — - 57 Other Reserve Bank credit 511 + 138 + ill Total Reserve Bank credit 23J.i5U «. hkz +1,167 Gold stock 20,272 + 1 + 7 Treasury currency h. 536 - 1 * 391 Member bank reserve balances 15,916 + 7 + 562 Ronev in circulation- . L'8^116- - 12 +1,580 < '.-> 2,26o - 20 - 37 iO U Treasury deposits with F, R # Banks 1;19 - khl * ?2 iRnmomber deoosi '.;s and other F.R. accounts 1,551 + 25 - 6ii Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.li.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERaB RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since June I9, June 12 June 20, f I9J16. I9I46 I9I4.3 A S S E TS Gold certificates 17., 35U:, 060 + 15,, 000 - 57,155 Redemption fund for F. R. notes 752,035 - 1 + 5l*,77o Total gold certificate reserves 18.. 106, ,095 + Hi,. 999 - 2,305 Other cash 283,31*1* + 11, ,839 + 33,983 Discounts and advances 251,259 - 71 - 55,325 Industrial loans 1., 260 - 27 - 2,239 Acceptances purchased 15, ,118 + 2,, 201 + 15,118 U. S Govt, securities* # Bills 13 =,G 5ll,, 2 Hi -U70, ,6U7 + 981,983 Certificates 6,, 332, ,870 + 39,, 000 + 1*9**, 859 Notes 1,, 7 ho,, 200 — + 6^,250 Bonds 755, ,290 --11UU77..665522 357,352 Total U» S. Government securities 22, . 690,, 57k --557799,,229999 ++11 ,133,71*0 Total loans and securities 22, .956, ,211 -577, ,196 +1 ,H+.1,29U Due from.foreign banks 81* .-« - 26 F. R. notes of Other banks 12o, .367 + 5,. 335 + 28,193 Uncollected items 2, .721, ,093 +U7G,. 525 + 357,905 Bank premises 33, 005 - 1 - 1,138 Other assets i*o. 709 " 8,, 112 - 6,316 TOTAL ASSETS kh,, 270,90c - 7h,, 611 +1 ,551,510 L I A B I L I T I ES Federal Reserve notes 2^,077,691 8U9 +1 ,2ol*, 1*65 Deposits• Member bank - reserve account 15,916,383 + 7,11*7 +, 562,11*8 U. S # Treasurer-general account 1*19,092 -1*1*1,013 + 71,852 Foreign 552,125 + 17,21*6 716,835 Other 1*32,1*06 - 2,01*1* 8,350 Total deposits ] 17,.32o,006 -1*18,661* 91,105 Deferred availability items 2,225,192 +51*3.1 Hi + 331,535 Other liabilities including accrued dividends ill, 21*3 233 + 2,100 TOTAL LIABILITIES 1^3,63 7,132" - 7,6,632. . +1, 1*1*6,915 C A P I T AL A *C C O U N TS 4 Capital paid in 162,61*2 + . 1*67 + 13,306 Surplus (Section 7) 358,355 + 130,202 Surplus (Section 13b) 27,1*28 + . 263 Other capital accounts 65,1*31 + 1,551* 59,176 TOTAL LIABILITIES AND CAPITAL ACCOUNTS kh,270,968 - 71*, 611 ,551,510 Ratio of gold certificate reserves to deposit and F.R.note liabilities combined 1*3.7% + .h% 1.3% Commitments to make industrial loans 5,396 2 + 309 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.i|.l(b) •STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS' Oil- JUNE 19, I9I46 (In thousands of dollars) A S S E TS Total Boston New York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Rede pWolfSdefor ^ >^>a6° 738'^88 5,301,670 845,977 1095,657 82 ,771 9^,^63 33?6, 1|2 5li8, 78'323,656 555,215 1.59, (Si 2366,7)41 m 3 7 9 F' P" n°teS 752,035 57,977 118,799 59,877 76,563 6o,1.15 1.5,552 101,695 142,527. 19,975 51..875 • 25.785 IQQ.QQ? tal gold certificate J. U reserves 18,106,095 796,465 5,1.20,469 905,85!; 1170,220 8314,186 958,020 31178,1437 591,505 3^8,631 590,088 : 485,482 2^76,738 ^ = !o,v°t^n^ - ^ c- 2F£'3^k 2°'663 76'08? l9'°9° 2o'°5° 18'371 23>6(2 30,375 12,oU 1;,598 16,213 10,3614 31,857 d i i - d u s ^ i a l ^a 2 5i 'g lk'V^ 51>926 * ' Jg ^ ^10 2°>°?° 6'560 52,595 25,680 16,000 ^ lO ^618 10.580 Acceptances'-purchased 15'llS --" 15,118 '-- " -- -- -- " '-- 11 u. S. Govt, securities; PSL,-;;, ,, ^ ' S ' 2^ 856,871 3,27l4,8ii; 901,095 1219,476 9014,153 7143,095 2083,0514 610,531 372,270 641,91.2 506,1422 1735,488 P ^^ ° 6,3^2,870 ui9,733 1,593,000 1.78,508 610,219 397,312 517,11.7 816,310; 317,983 180,699 301,689 268,132 6^2,104 i^Z" l,7ii8,2oo 115,809 459,71.9 132,092 168,1451 109,679 87,5u8 225,353 87,781 49,883 83,233 74,019 174,493 ... 755,290 50,060 189,989 57,069 72,778 47.585 -57.8224 97.361 57.Q25 21.551 ^.QRT. V 070 y^fin Total U.S.Government f^i^ll1^; 22,690,574 li0i2,533 5,ii97,552 1568,762' 2o70,92ii iU58,53U 1185,612* 3227,112 10^,220 621^03 1062,895 880,552 2617^73 Total loans and " s e c u r i t i e s- 22,958,211 1455,331 5,564,606 1582,104 2095,334 1478,624 1192,174 5279,707 1079,900 640,403 1076,805 885,170 2628,053 Due from foreign banks 84 5 l/ 28 " 7 ' 8 •• 4 3 11 ' 3 2 3 *3 7 J?.R.notes of other banks 120,367 3,303 19,065 "6,479 • 5,1.76 25,195 8,869 13,674 8,0714 3,855 5,774 ^,977 16,646 uncollected items 2,721,095 254,177 608,521. 174,646 275,505 195,090 162,721. 1.10,565 101,752 57,035 120,31.5 101,589 261,01.7 aank premises 33,005 1,329 8,583 3,255 5,91.2 2,735 1,550 3,091 2,037 1,273 2,562 815 1,835 Other assets 48,789 3,809 10,977 3,062 5,430 5,121. 2,1+57 6,-335 2,356 1,275 2,092 2,088 I4.8OI4 TOTAL ASSETS 44,270,988 2555,082 n„708,352 2694,495 5575,745 2607,529 2349,1.59 7222,693 1798,140 1057,050 lSil.,380 11.89,288 51.20,937 l/ After deducting $56,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON .JUNE 19, 19U6 (In thousands of dollars) L I A B I L I T I ES Total Boston Ne^v "York Pkila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 2i+,077,691 li+62,827 5-^lU,378 1619,17^ 20Z+0,7U? lQ^.6,090 I> 25,882 1|<;25,387 10i;7,1+18 556,681+ 883,251 594,995 295U.958 ; Deposits* Member bank-reserve acct. 15,916,383 lU,,3^3 5,029,991 803,928 1163,5^3 63i+,707 7l5,Oltf 2252,287 579,807 391,320 766^66 7Ui,8ol+ 2035,120 U.S.Treasurer-general acot. 1+19,092 22,872 89,200 18,631 25,656 38,05!; 10,285 58,579 30*801 32,3^0 21,1+91 21,61+2 U$^l 7) Foreign 552,125 33,l+ll+ 1/207,171 1+2,877 1+8,043 2l+,280 19,631 69,223 17,561+ 12,915' 17,01*8 16,531 1+3,1+28 other 432,1+06 l+,lg6 319,31+3 2,883 8,953 2,9*18 1,678 1;,706 10,061 2,1+58 1+18 1,010 73,792 Total deposits 17,520,006. 80L.,805 5,61+5,705 868,319 1251,195 7^9,989 7^6,639 238l+,795 638,233 1^39,033 805,^23 783,987 2201,883 Deferred availability items: 2,225,192 225,589 1^3,327 15u,25U 221,1^0 178,1+12 150,199 325,507 89,126 Ui,ll6 97,!l56 37,7^9 208,017 Other liabilities including accrue a dividends ll|,2l+3 901 u,ll+5 83I+ 1,3^7 662 601 2,292 1+90 562 535 552 1,322 TOTAL LIABILITIES 1+3,637,13? 2l+9l+,l22 11,507,555 26L.2,58l 3514,729 2576,053 2323,321 7137,981 1775,267 I0l|0,395 1791,665 11+67,283 5366,180 Capital paid in 182,61+2 . 10,823 61+,378 13,1+91+ 18,305 7,61+5 6,825 21,937 5,886 3,966 6,009 6,612 16,762 Surplus (Section 7) 358,355 22,1+39 Il6,3o0 28,91*6 33,71+5 15,593 ll+il+50 53,029 12,939 8,869 11,391 10,670 23,921; Surplus (Seetiori 13b) 27,1+28 3,012 7,205 1+,501 1,007 3,326 762 1,1+29 52 7 1,073 1,137 1,307 2,ll+2 Other capital accounts 65,431 1,636 • . 12,33^ ^,973 5,959 1,712 j+,10i 8,317 3,529 2,71+7 3,678 3,1+16 6,979 TOTAL LIABILITIES AND ' ~ ~ CAPITAL ACCOUNTS ' I4I+,270,988. 2535,032 11,703,332 269it,l+95 3573,7U5 2607,329 23i+9,l+59 7222,693 1798,11*8 1057,050 lSli+,380 11+39,283 51+20,937 Commitments to make industrial-loans 5,396 -— - 328 521 262 — —- 3,600 — —- 170 15 F* R. notes outstanding 2i+,778,830 1500,1+70 5,572,337 1666,559 2101+,935 1705,228 11+59,550 1+500,790 1079,712 566,607 906,636 625,914 3090,01+2 Collateral for F. R. notes held by F. R. Agents: Gold certificates 11,099,000 lj.10 ,000 3,320,000 500,000 635,000 550,0.0 61+0,000 2525,000 300,000 " 170,000 280,000 109,000 1600,000 Eligible paper 78,7l6 5,031 11,976 2,209 — ll+,l+50 -— — 21,600 13,000 9,950 — 500 U. S. Govt, securities ll+,28l ,l+3l+ 1100,000 2,300,000 1200,000 1550,000 1175,000 850,000 2000,000 90o,l+3l+ 1400,000. 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Wrr//iiittthhhiiinnn 11l666 tttooo 31 to 66ll ttoo 9911 cckk..yyss ttoo 66 mmoonntthhss 11 ttoo 22 22 ttoo 55 Over TToottaall 111555 dddaaayyysss 333000 dddaaayyy;ss 6u days 9900 ddaayyss 66 mmoonntthhss ttoo 11 yyeeaarr yyssaarrss yyee^^ rrss 5 years Discounts and advances 251,259 66,,997777 lh,6kh 111155,,1144--9933 Industrial loans 1,260 11,,008822 11 9 88 2233 7733 1199 hh55 acceptances purchased 15.118' UU,,66hh33 33,,115511 5,203 22,,112211 U. S. Govt, securities 22,690,571+ 33,,119933,,117766 33,,003333,,008866 5,333,022 55,,663344,,997700 11,,55^^,,115500 22,,778800,,008800 11++66,,440000 ^^33,,225500 582,Ui.O l/ After deducting $3l4+,567,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis