H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday Morning, June 28; not earlier) H.4.1 June 27, 19^6 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 26, member bank reserve^balances decreased $6,000,000* Reductions„in. member bank reserves arose from increases of $469,000,0t)0 in Treasury deposits with Federal Reserve Banks, $19,000,000 in money in circulation, and $2,000,000 in Treasury cash, and a decrease of $5,000,000 in gold stock, offset in part by increases of $450,000,000 in Reserve Bank credit and $3,000,000 in Treasury currency and a decrease of $52,000,000 in honmember deposits and other Federal Reserve accounts. Excess reserves, of member banks on June 26 were estimated to be approximately $710,000,000. Holdings of loans, discounts and'advances decreased $21,000,000 while holdings of United States Government securities increased $69!*,000,000. The increase in holding's of United, States Government securities reflects increases of $545,000,000 in bills and $150,000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year ended June 26, 1946, were .as followsj Increase* or decrease since June 26, June 19, June 27, .1946 1946 19U5 (In mi .1lions of dch ilars) U, S. Government securities 25,585 + -694 +1,&>2 Loans, discounts and advances 252 - Si + 26 Othor Reserve Bank credit 287 - 25 - 224 Total Reserve Bank credit 25,904 + 450 +1,695 Gold stock 20,269 5 + 6 Treasury currency 4,559 + 5 + 595 Member bank reserve balances 15,910 6 +1,150 Money in circulation 28,155 +• 19 +1.507 Treasury cash 2,262 + 2 - 52 Treasury "deposits with F R. Banks 888 + 469 + 201 t Nonmember deposits and other F.R.accounts 1,519 - 52 - 709 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

adrift) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE PANKS COINED (In thousands of dollars) Increase or decrease since June 26, June 19, June 27, . 1*6 19**6 191*5 A S S E TS Gold certificates 17,3i£,055 - 12,005 - 65,155 Redemption fund for F. R. notes 760,979 ♦ 8,91*1* + 61,621 Total gold certificate reserves 18,103,031* - 3,061 3,531* Other cash 279,626 - 3,718 + 63,072 Discounts and advances 231,21*3 - 20,016 + 28,771* Industrial loans 1,189 71 2,101* Acceptances purchased 18,173 + 3,055 + 18,173 U. S» Govt, securitiesi Bills ll*, 399,21*6 +51*5,032 +1,1*27,128 Certificates 6,1*82,370 +11*9,500' +• 558,359 Notes 1,71*8,200 -• + 61*,250 Bonds 755,290 —. - 357,352 Total U, S. Government *" ■v ' securities • 23,385,106 +£9i*, 532 +1,692,385 Total loans and securities 23,635,711 . +677,500 +1,737,228 Due from foreign banks '81*. -- 26 F. R, notes of" other banks 119,795 - ' 572 + 35,512 Uncollected items 2,185,1*12 -535,681 + 355,990 Bank premises 32,966 • 39 1,128 Other assets 50,326 + 1,537 5,121 TOTAL ASSETS l*l*,l*06,95l* +135,966 +2,181,993 L I A B I L I T I ES Federal Reserve notes 2^,090,1*86 + 12,795 +1,11*7,865 Deposits? . Member bank - reserve account 15,909,7& - 6,621 +1,11*9,772 U. S, Treasurer - general account 887,998 +1*68,906 +' 200,711 Foreign 519,H6 - 33,009 - 778,550 Other 131,21*7 . - 1,159 - 1*5,135 Total deposits 17,71*8,123 +1*28,117 + 526,798 Deferred availability items 1,916,868 . -308,321* +: 399,835 Oth^r liabilities including accrued dividends 15,769 + 1,526 + 2,988 TOTAL LIABILITIES 1*3,771,21*6 +131*. Hi* +2,07.7,1*86 C A P I T AL A C C O U N TS Capital paid in 182,860 ♦ 218 + 13,l*o6 Surplus (Section 7} / 358*355 ' + 130,202 Surplus (Section 13b) 27,1*28 — + 263 Other capital accounts 67,065 + 1,631* t 39,361* TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*1*, i*06,95k +135,966 +2,181,993 Ratio of gold certificate reserves to deposit and F.R. note liabilities combined - -W - \M \$*% Commitments to make industrial loans 5,1*81* + 88 + 93 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

3.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAlvXS 'ON JUKE. 26, 1946 (In thousands of dollars) A S S E TS Total Boston New York Phila. Clove* Rich. Atlanta Chicago St.Lbuis Minn. Kans.Cy. Dallas SanFran. Gold certificates 17,342,055 760,834 4,956,762 852,367 1099,767 86o,o49 926,6063605,317 551,568 327,682 546,250 468,367 2336,486 Redemption fund for F. R. notes 76o,979 $7,824 118,208 59,62o 76,354 61,533 43,376 111,471 U2,45Q 19,952 5k,8l5, 25,743 109,833 Total gold certificate reserves 18,103,034 818,658 5,074,970 9H,987 1176,121 921,582 969,9823716,788 59^,018 3^7,634 581,065 494,HO 2496,319 other cash. 279,626 17,981 78,448 18,853 2o,657 17,290 20,996 30,li9i n,l*2i 4,021 16,384 9,710 33,374 Discounts and advances 251,243 13,759 56,686 15,004 24,510 24,540 11,660 31,U80 23,130 3,000 8,210 3,984 15,280 Industrial.iQahs 1,189 82 — 1,107 Acceptances purchased 18,173 — 18,173 U. S. Govt, securities: B i l ls 14,399,246 906,165 3,753,197 932,698 1269,282 917,448 753,210 199^,078 613,991 362,6o4 645,412 518,862 1712,299 Certificates 6,482,370.. 430,211 1,629,338 489,887 624,970 4o6,784 324,906 835,510 325,264 184,923 308,927 274,558 647,092 Notes 1,748,200 116,021 439,1*08 132,115 168,544 109,705 87,622 225,326 87,719 1+9,871 83.31U 7U,o43 174,512 Bonds _ 755,290 50,126 189,841 57,079 72,817 47,397 37,856 97,349 37,898 21,546 35,995 31,990 75,596 Total U.S. Government securities 23,385,106 1502,523 6,011,784 1611,779 2135,613 ihBl,}3k 1203,59^ 3152,263 1064,872 638,944 1073,648 899,*453 2609,299 Total loans and securities 23,635,711.1516,364 6,086,643 1627,890 2160,123 1505,874 1215,254 3183,743 1088,002 641,944 1081,858 903,^37 2624,579 Due from foreign banks 84- 5 l/28 7 8 4* 3 ' 11 3 '2 3 3 7 **R.notes of other "banks 119,795 - U,250 , 17,185- 5,1*66 5,485 24,453 9,22£ 12,688 8,.375 4,622 6,262 2,975 18,809 Uncollected items 2,185,412 178,728 477,893 135;093 185,807 183,859 130,774 337,315 85,159 48,098 104,922 91,057 226,707 Bank premises - 32,966 1,329 8,583 3,24l 3,942 2,728 1,547 3,085 2,036 1,273 2,562 815 1,825 Other assets 50,326 3,124 11,726 3,208 5,647 3,221 2,568 7,109 2,940 1,31+4 2,196 2,246 hs?9l TOTAL ASSETS 44,4o6,95U 2540,439 11,755,476 2705,745 3557,790 2658,811 2350,349 7291,230- -1791>9* 1048,938 1795,252 1504,353 5Uo6,6l7 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.li.l(c) STATEMENT OF CONDITION OF THE FEDEJ&L RESERVE BANKS ON JUNE 26, I9I+6 (Ln thousands of dollars) L I A B I L I T I E S1 Total Boston New York Phila, Cleve, Rich. Atlanta! Chicago St.Louis Minn, Kans.Cy. Dallat S&nFran. Federal Reserve notes 2k, 090 ,1+86 l!+7l+,l+01 5,l+3l+,211+ 1627,956 2052,603 1653,929 IU21L,150 1+1+27,655 101+6,668 556,1+28 887,075 593,755 2911,67!+ Deposits: Member bank-reserve acct. 15,909,762 727,691 5,050,755 795,1+21 lll+i+,976 687,659 719,l61i 2270,032 590,921 396,709 760,773 71+9,127 2016,531+ U.S.Treasurer-general acct. 887,998 90,351 188,586 75,512 82,571 102,576 35,660 173,589 30,128 26,685 21,325 1+3,703 19,912 Foreign 519,116 31,51+9 1/195,925 1+0,1L11+ 1+5,285 22,385 18,505 65,21+7 16,555 12,173 16,068 15,581 1+0,935 Other I4.31,21+7 l+,602 506,620 3,614.7 9,151+ 2,3^8 2,217 5,31+5 8,916 2,621+ 795 93I+ 86,055 Total deposits 17,7ij8,123 35l+,193 5,759,681+ 912,791+1281,981+ 815,1*58 775,51+1+2512,015 6^6,520 1+58,191 798,961 809,51+5 2163,1#6 Deferred availability items 1,916,868 169,81+5 375,227 112.,085 162,551+ 157,31+1+ 123,799 26^,132 75,263 37,189'^ 85,830 73,585 275,015 Other liabilities including accrued dividends 1^,769 930 5,182 879 1,1+79 702 651 J+78 51+7 1+20 51+8 601+ l,3li9 TOTAL LIABILITIES 1+3,771,21+6 21+99,369 H,55l+,507 2655,711+51+98,620 2627,1+55 232l+,12l+ 7206,276 1768,998 1032,228 1772,1+11+ 11+32,289 5351,1+71+ Capital paid in . 182,860 10,329 6^,590 13,U9l+ 13,309 7,61+5 6,830 21,953 5,336 3,968 ; 6,025 6,615 16,913 Surplus (Section 7) 353,555 22,1+59 116,360 28,9li-6 33.7145 15,593 lli ,1+50 53,029 12 ,959 8,369 11,891 10,670 28,921+ Surplus (Section 13b) 27,1+28 3,012 7,205 1+,501 1,007 3,326 762 1,IL29 527 1,073 1,137 1,507 2,1/42 Other capital accounts 67,065 l+,790 12,711+ 5,090 6,109 li,8ll+ 1+,185 8,5^3 5,6O1L 2,800 3,737 5,1+72 7,159 TOTAL LIABILITIES ^ND CAPITAL ACCOUNTS l+li,l+06,95l+ 251+0,1-39 11,755,1+76 2705,lh5 3557,790 2658,811 2350,31+9 7291,230 1791,951+ 101+8,933 1795,252 !50l+,353 51+06,617 Commitments to make • industrial loans 5,1+81+ 916 521 262 5,600 — — 170 15 F. R. notes outstanding ~2i+,797,959 1511,035 5,597,91+9 1669,905 2100,629 1707,235 li+59,91+6 1+505,986 l03.1+,568 567,855 907,508 622,566 3063,161 Collateral for F. R. notes held by F. R. Agents: Gold certificates 11,019,000 1+50,000 3,320,000 500,000 655,000 550,000 61+0,000 2325,000 300,000 170,000 280,000 169,000 1700,000 Eligible paper 75,21+9 6,079 16,726 5,01|IL 18,900 — 19,050 l+,250 5,200 U. S. Govt, securities ii+,477,708 1100,000 2,300,000 1200,000 1550,000 1175,000 850,000 2200,000 902,708 H.00,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS *M) SECURITIES Within _ 16 to 31 to 6l 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 years Discounts and advances 251,21+5 95,198 l!+,608 10,1*9^ HO.,9U3 --»•-' Industrial 1 bans 1,139 .1,012 6 9 '3 '?? 15 - 19 1+5 Acceptances purchased 13,175 5,265: 1+,901 5,897 2,110 U S. Govt, securities 23,335,106 •1+,556,617 • 2,233,165 5,356,590 5,950,616 1,577,150 2', 359,080 AL6,1L00 1+1+5,250 582,1-1,0 l/ After deducting S32l4.,77l+.,000 participations of other Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis