H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD; OF GOVERNORS OF THE- FEDERAL RESERVE SYSTEM (neluascd for Publication .Friday Morning, August 2, not earlier) HJ4.I August 1, I9U6 CONDITIO OF THE FEDERAL RESERVE BANKS During the week ended July 7j\ .member bank reserve balances increased t $llli, 000,000* Additions to member'bank reserves arose from decreases of $161,-000,000: in Treasury deposits-with Federal Reserve Banks., .$73,000,000 in nonrr!embv..r deposits and' other Federal Reserve accounts, and $5,000,000 in Treasury cash, offset in part by decreases of $65,000,000 in Reserve Bank credit and $2,000,000 in gold .stock, and an.increasi of $56,000,000 in money in circulation. Excess reserves of pieraber banks on July 31 were estimated to be approximately $390,000,000. Holdings of loans, discounts and advances increased $27,000,000 while holdings of MJnited 'States Government securities decreased $19,000,000. The de crease in security holdings reflects a. like decrease in bills* Changes in member bank reserve balances and related items during the week and the year ended July ~$l 19^6, were as follows: f Increase or decroasjs since July 3} July 2l±, Aug, 1, f I9U6 I9I16 19)45 (In millions of dollars) * " U S* Government securities 23,633 - 19 +1, 756 # Loans, discounts and advances 2hl + 27 - 156 Other Reserve Bank credit 285 - 72 + 1 Total Reserve Bank credit 2U.16U « 65 +1 ,600 Gold stock i 20,267 - 2: + 115 Treasury currency ; 14,539 + 3U1 '• Member bank reserve balances l$,99l ' + ' lilt +1, 130 Money in circulation 28.2U5 + 58 +1, U5 Treasury cash 2,258 -» 5 - 2 Treasury deposits with. F R* Banks 513 - 161 - 165 # Sonmomber deposits ahd* other F, 'R.-accounts 1,963 -. 73 - 23 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.lul(a) STATEMENT OF CONDITION OF THE TWELVJg FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since July 31; July 2k, Aug. 1., 1946 19U6 1945 A S S E TS Gold certificates 17,339,209 + 5,000 + 18,599 Redemption fund for F.R< notes 766,272 - .6,91*9 + 106,317 Total gold certificate reserves 18,105,1481 - 1,949 + 124,916 Other cash 307,379 •. •+ 6,912 + 77,792 Discounts and advances 245,354 ; + 26,1514. - 153,846 Industrial loans 1,173 + 60 1,916 Acceptances purchased 33,789- - It, 375 + 33,314 U. S Govt, securities? # Bills ' LU, 1*06,029 - .18.974 +i,46o,358 Certificates 7,875,732 +1,755,221 Notes. 595,600 -1,102,350 Bonds 755.290 - 357,552 Total U.S. Government securities 23,632,651 18,971* +1,755,857 Total loans and securities 23,912,967 t 2,865 +1,633,409 Due from foreign banks 83 27 F„ R. notes of other banks 135,015 + 1,890 •+ 43,569 Uncollected items 2,073,566 -121,050 +' 304,356 Bank premises 32,857 60 1,108 Other assets 57,786 + 2,586 . 3,595 TOTAL ASSETS 44,625,134 ..-108,806 +2,179.312 L I A B I L I T I ES Federal 'Reserve*notes 24, 244,229 + 60,996 + 903,575 Deposits: Member bank - Preserve account 15,991,184 +113,892 +1,130,608 U,S. Treasurer "-general: account 515,250 • -160,471 - 164,474 Foreign 823,5iiO - 69,107 •f 280,456 Other 577.8U5 - 2,090 » 149,429 Total deposits 17,905,819 -117,776 /+ 835.107 Deferred availability items •.1,822,1+20 - 53,077 + 337,213 Other liabilities, including accrued dividends 9.772 864 + 1,471 TOTAL LIABILITIES 43,982,240 -110,721 +2,077,366 C A P I T AL A C ;C 0";U N f S Capital paid in 183,952 + 175 + " 12,860 Surplus (Sectiori 7) 358,555 + 130,202 Surplus (Section ljb). 27,1*23 + 263 ; Other capital' account's 73,159 "» 1..7JP - 41,379 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44, 625,134 -108,806 +2,179,312 Ratio of gold certificate reserves to deposit find F R.note # liabilities combined 43.$ Commitments to make industrial loans 5,438 20 + 269 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l|.l(t>) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OF JULY 31, 1946 (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 17,359,209 730,5u4 5,181,566 829,162 1152,466 862,535 891,885 5567,365 557,483 321,579 565,192 458,2402221,592 Redemption fund for F. R. notes 766,272 57,468 116,501 59,573 75,895 60,941 42,891 120,969 42,313 20,250 34,707 25,639 109,125 Total gold certificate reserves 18,105,481 787,812 5,297,867 888,735 1228,361 923,476 934,776 3688,554 599,796 541,829 599,899 485,879 2550,717 Other cash 307,379 22,028 84,098 20,219 2o,934 19,023 23,563 38,505 iio,975 6,271 14,718 11,012 56,055 Discounts and advances •245,354 8,675 io4,34i 15,793 26,315 18,595 7,560 21,680 14,515 3,ooo 6,560 3,84o 14,680 Industrial loans 1,173 77 i,c46 50 Acceptances purchased 33,789 33,789 U»S.Govt. securities; Bills 14 ,406,029 838,751 3,560,234 930,665 1385,756 912,423 774,1,23 2008,998 624,305 375,401 675,470 551,090 1790,815 Certificates 7 ,875,732 547,556 2,000,290. 605,217 704,087 480,56a 409,585 1052,962 404,724 225,933 375,129 521,442 752,247 Notes 595,600 41,409. 151,271 45,618 53,247 56,342 30,975 79,650 30,607 17,086 .28,218 24,509 56,888 Bonds 755,290 52,512 191,829. 57,849 -67,525 46,086 59,280 100,980 38,814 21,667 55,785 50,826 72,141 Total U.S., Government securitxes '23,632,651 1480,228 5,903,624 1637,347 2210,613 1475,411 1253,963 5242,570 1098,450 638,087 1112,600 907,667 2672,091 Total loans and securities" 23,912,967 8,980 6,041,754 1654,186 2236,9781494,006 1261,523 32.64,250.. 1112,965;, 641,-087 11-18,960 911,507 2686,771 Due from foreign banks- 83 " 5 1/27 7 8 4 3 ll 5 2 3 3 7 F.R.notes of other banks 135,015 7,389 2"2,2 4 6,530 6,328 21,246 8,219 14,842 5,505 9,621 5,301 4,035 23,907 9 Uncollected items 2,075,566 »7,034 452,222 119,815 190,926 166,158 126,275 305,595 88,229 51,764 123,405 91,939 190,206 Bank premises 32,857 1,320 8,546 5,250 5,925 2,721 1,544 5,080 2,030 1,279 2,556 809 1,819 Other assets 57,786 3,876 13,040. 5., 925 6,257 5,505 5,195 7,751 3,542' i;608 2,668 2,618 5,823 TOTAL ASSETS 44,625,134 2478,444 11,919,84a 2696,645 3693,695 2630,159 2559,098 7522,564 1322,84.5 iq55,46i 1867,510 1505,802 5275,235 l/ After deducting $56j000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

K.4.1(c) STATEi.IENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 51, 1946 (in thousands of dollars). L I B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,244,229 11+68,758 5,488,792 1638,052 2072,200 1662,905 1429.802 4467,535 1058,231 559,994 902,1+16 601,1+79 2894,065 Deposits: Member bank-reserve acct. 15,991^181+ 717,349 4,926.305 801,91+8 1261,287 720,558 730,257 2312,572 590,774 391,521+ 786,057 755,327 1999,61+6 U.S.Treasurer-general acct. 513.250 1+5,136 151,445 29,287 45,11+0 22,454 17,129 86,764 31.687 20,052 9,1+31 18,655 36,070 Foreign 823,540 50,1+90 1/301,953 64,836 72,61+8 36,714 29,681+ 104,675 26,559 19,529 25,778 24,997 65,677 Oxher 577,81+5 2,81+3 1+82,894 2,886 7,803 2,463 3,1+66 7,388 8,511 3,562 2,1+71 2,689 51,069 Total deposits 17,905,819 815,818 5,862,597 898,957 1386,878 781,969 780,536 2511,199 657,531 -434,467 823 ,737 799,668 2152,1+62 Deferred availability items 1,822,1+20 151,729 365,127 106,615 175,866 152,997 121,605 255.817 85.436 41,767 117,668 82,001 171,794 Other liabilities including accrued dividends 9,772 615 2,512 515 921 1+67 435 1,779 389 381+ 1+56 31S 1,000 TOTAL LIABILITIES i+3,98 2,21+0 21+36,920 11,717,028 261+4,137 3633,865 2598,338 2332,578 7256,330 1799,587 1056,612 181+4,257 11+83,467 5219,321 Capital paid in 133,952 10,366 .§4,529 13,590 18,386 7,726 6,986 22,157 5,926 3,989 6,077 6,699 17,01+1 Surplus (Section 7) 353,355 22,1+39 116,860 23,946 33,745 15,593 ll+,450 53,029 12,939 8,869 11,091 10,670 28,921+ Surplus (Section 15'-') .27,1+28 3,012 7,205 4,501 1,007 3,326 762 1,1+29 527 1,073 1,137 1,307 2,11+2 Other capital accounts •73,159 5,207 ll+,226 5,li7l 6,692 5,156 l+,522 9,439 3.864 2 ,918 l.i.,148 39 7,857 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,625,134 21+73,444 11,919,81+8 2696,645 3693,695 2630,139 2359,098 7522,361+ 1822,843 1053,461 1867,510 1505,802 5275,235 CQia^itments to make industrial loans 5,1+33 --- ^ 971 521 159 —r 16 . .3,600 — 165 8 notes outstandin 24,921,776'1514,332 5,647,3641683,229 2125,025 1710,099 1465,520 451+5,212 1096,1,50 571,905 926,500 627,655 3010,407 L'oliateral for F. notes held by F. Agents: Gold certific bes 10,799,000 1+30,000 3,420,000 500,000 635,000 550,000 625,000 2165,000 300,000 175,000 280,000 169,0 00 1550,000 Eligible paper 101,599 995 61+,381 5,833 — 12,955 — . —. 10,1+35 — 2,1+00 — 4#6oo U. S. Govt, securities 14,693,912 1100,000 2,300,000 1200,000 1550,000 1200,000 850,000 21+00,000 898,912 400,000 700,000 500 ,000 1600,000 MATURITY DISTRIBUTION OF LOANS- AND SECURITIES IVithin 16 to 31 to ' 61 to 91 days to 6 months 1 to 2 2 to5 Over Total 15 days 30 days 60 days 90 days 6 months :o 1 year years years 5 vears Discounts and advances 245,354 122,756 117,193 1,375 4,025 Industrial loans 1,173 957 6 8 6 122 12 20 42 acceptances purchased 33,789 11,515 8,822 10,486 •. 2,966 U. S. Govt, securities 23,652,651 4,200,273 2,195,690 6,105,304 5,196,747 1,254,90b- 3,629,61+2 1+6,1+00 1+43,250 532,1+1+0 l/ After deducting 8521,035,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis