H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OFHGOVEHNOfiS OF THE FEDERAL RESERVE SYSTEM (Released for publication Friday morning, April 11; not earlier) H Xl April 10, 19U7 CONDITION OF THE FEDERAL RESERVE BANKS .During the week ended April 9 member bank reserve balances increased $39^*000,000* Additions to member bank reserves arose from decreases of $193,000,000 in Treasury deposits with Federal Reserve Banks and $61,000,000 in nonmember deposits and other Federal Reserve accounts and increases of $135*000,000 in Reserve Bank credit, $11,000,000 in gold stock and $2,000,000 in Treasury currency,'offset in part by increases of $3,000,000 each in money in circulation and Treasury cash. Excess reserves of member banks on April 9 W(3**e estimated to be approximately $830,000,000. Holdings of loans, discounts' and advances decreased $152,000,000 while holdings of-United States Government securities increased $330*000,000. The increase in holdings of United States' Government securities reflects an'increase of $U79,000,000 in bills and a decrease of $li|l,000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year ended April 9, I9i;7# were as follows % Increase or decrease since April 9, April 2, April 10, I9kl I9hl 19U6 (In millions of dollars) U S* Government securities 22,276 + 338 + hk #; Loans, discounts and advances 278 -- 152^ - 76 Other Reserve Bank credit 338 - 52 •f 79 Total Reserve Bank credit 22,893 .+ 135 + hi Sold stock 20,U97 4- 11 + 2kh Treasury currency U,559 * + 2 + 67 Member bank reserve balances 15,93k + 39U + 528 Money in circulation 20,250 4- 3 + 295 Treasury cash 1,536 + 3 - 923 Treasury deposits with &.R. Banks 753 - 193 + 1*93 Nonmember deposits and other F R accounts 1,671; - 61 • 37 # # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H«k.l(a) .STATEMENT- OF CONDITION- OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since April 9, April 2, April 10, M7 19^7 19I+6 A S S E TS Gold certificates 18,1*98,172+ + 22,7^7 +L, 1141,111; Redemption fund for F R. notes # 759, W+5 - il+,73l+ + 111, 573 Total gold certificate reserves 19,257,619 '+ 8,013 +1,158,687 Other cash 283,278 - 18,55Q . - 3.2,915 Discounts and advances 277,281 -151,895 - 75,665 Industrial loans 1,058; - • 27' 1*80 Acceptances purchased -; 14,919 U. S. Govt, securities: Bills 15,563,055 +178,579 +1,883,602 Certificates 5,807,718 -ll*0,7Q0 : - 578,978 Notes 351,800 -1,111,500 Bonds 753,390 - 11*9,552 Total U. S» Government 22,275,91*3 +337,879 * 1+3,572 Total loans and securities 22,551;, 282 +185,957 37,1*92 Due from foreign banks 102 8 F. R # notes of other banks 98,113 + 816 . 23,596 Uncollected iteirys 2,298,1*61; -111,11*6 + 1*52,782 Bank premises 32,151 1,009 Other assets _ l*0,3j8 + 1,712 TOTAL ASSETS 1*1*, 56I*, 367 + 66,802 •+1 ,506,522 L I A B I L I T I ES Federal Reserve, notes 21*, 170,120 - 15,;189 +' 159,U93 Deposits: Member bank - reserve account 15,933,681* +393,336 + 527,917 U # S # Treasurer-general account 753,357 -192,998 + 1+93,050 Foreign 500,721 - 19,668 206,122 Other 532,351; - 1*0,185. H + 78,1*62 Total deposits 17,720,116 +11*0,1*85 + 893,307 Deferred availability items 1,960,306 - 59,662 + 368,632 Other liabilities including,accrued^ dividends „' - * 12,81*2 26k' + - 1,082 TOTAL LIABILITIES' 1*3., 865,381; + 65,370 +1 ,1+22^11* C A P I T AL A C C O U N TS ( Capital paid in 191,085 ..+ H*o + 9,687 Surplus (Section 7) 1*39,823 ' + '81,1*68 Surplus (Sectidh 13b) + 27,1*55 27 Other capital accounts + 1,292 1*2,620 • 7,171+ TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*1*, 561*, 367 + 66,802 +1, 506,522 Ratio of gold certificate reserves « to deposit andt F R note 0 # liabilities combined 1+6, ofo .1% + Contingent liability on bills purchased for foreign correspondents. 8,092 • 222 * + 8,092 Commitments to make industrial loans 7,150 21 J + 5,665 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.a.l(b) •STATEMENT OF CONDITION OF THE. FEDERAL RESERVE BANKS ON APRIL 9, lgltf (In thousands of dollars) A S S E TS Total Boston New York * Phila ; Cleve. Rich Atlanta Chicago.iStvLouis Minn, Kans Cy» Dallas SanFran. # # # Gold certificates 18,2*98,17V 743,94o 5,441,822 835,770 1116,2142 956,121 922,778 3949*665 576,216 .388,636 615,-199 455,376 21496,409 Redemption fund for F. K. notes 759,445 55,235 - H8,5U7 60,510 75,917 57,828 44,810 116,500 45,92o 21,391 33,577 2^,569 104,641 : Total gold certificate reserves 19,257.619 799,175 5,560,369 896,280 1192,159 1013,949 967,588 1*066,165 622,136 1*10,027 61*8,776 479,945 2601,050 Other cash 233,278 21*, 783 60,301 20,517 26,238 16,61*8 21*,1*1*6 27,881* 11,377 6,973 8,413 11,704 1*3,494 Discounts and advances 277,281 25,291 111,468 21,956 21,036 11,61*8 7,409 35,916 .9,347 8,1*20 6,438 5,611* 12,738 Industrial loans 1,058 1,01*0 18 U. S. Govt, securities! "'- Bills 15,363,035 954,672 3,882,597 1134,886 1547,334 1005,455 829,189 1908,221* 758,l2li 430,833 .749.507 590,218 1571,996 Certificates 5,807,718 399,405 1,1*88,736 414,010 521,019 357,589 298,186 776,1*36 300,169 166,113 269,217 2 59,475 557,363 Notes 351,800 2u,l94 90,180 25,078 31,560 21,661 18,062 1*7,032 18,183 10,062 16,308 15,718 33,762 Bonds 753,390" 51,811 193,123 53,706 67,587 . 46,387 38,681 100,722 38,939 21,549 34,923 33,660 72,302 * Total U. S. Government securities •22,275,91*3 .11*30,082 5,654,636 1627,680 2167,500 11*31,092 118l*,118 2832,1*14 1115,415 628,557 1069,955 899,071 2235,1*23 " Total loans and ~ s'e curitl es 2222,,555544,,228822 11445555,,339911 55,,776666,,110011** 11665500,,667766 22118888,,553366 11444422,,774400 11119911,,552277 22886688,,333300 11112211**,,776622 663366,,997777 11007766,,339933 90l*,685 221*8,161 Due from foreign banks 110022 66 11//3333 88 99 55 44 1144 hh 33 hh 3 9 F.k.notes of other banks 9988,,111133-- .. 22,,338822 1122"",, 6611**11 55,,556600 55,,552233 1122,,11**9988 lliitt ,,""112200 1122,,332266 77,,003322 22,,990000 66,, llll**oo 1*,619 12,372 Uncollected items 22,,229988,,11**6611;; 118822,,882277 11**11**22,,338866 115544,,112255 2200ll**,,887788 119955,,555500 115599,,661188 ••339944,,559922 110011,,116688 6611,,225544 111122,,005511 96,536 193,479 Bank premises 3322,,115511 11,,228833 88,,440011** 33,,113344 33,,882222,, 22,,666655 11,,551155 33,,003388 11,,999999 11,,223322 ""22,,550033 787 1,769 Other assets 22..661144 1100,,222266 22,,336622 ll**,,ooll**33 22,,337766 22,,229922 55,,337733 22,,11**2255 11,,0099kk 11,,880033 1,713 4,037 4400,,335566 TOTAL ASSETS l*i*,56l*,367 21*68,1*61 11,860,1*61* 2732,662 3625,208 2686,1*31 2361,110 7377',722 1871,403 1120,1*60 .1856,083 1499.992 510l*,371 l/ After deducting $69,000 participations of other Federal Reserve Banks,-. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(o) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 9, 1947 (-In thousands of dollars) L I A 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, 170,120 lkh9,93h 5,524,469 1647,810 2075,048 1693,787 l586,52Vli$7,257' 1084,706 591,704 911,625 577,469 2741,807 Depositsj Member bank-reserve acct. 15,955,684 702,675 4,959,242 794,569 1194,94l 712,761 755,778 2277,557 .609,150 ^06,313 775,511 762,074 1987,555 U.S.Treasurer-general acct. 755,557 69,857 169,151 63,739 57,051 45,827 24,405 l40,752; 35,155 58,085 28,756 52,745 49,876 Foreign 500,721 31,260 1/171,118 39,222 1+5,032 23,727 19,853 65,854 16,9^8 12,105 16,948 15,979 42,675 Other 552,554 2,990 457,884 2,255 6,959 5,438 1,909 4,120 6,585 2,581 2,058 1,424 58,571 Total deposits 17,720,116 806,760 5,757,575 899,765 1505,985 785,753 799,945 2488,283 667,818 458,884 821,075 '812,220 "2115,257 Deferred availability items 1,960,306 166,11.3 357,399 127,455 182,148 170,985 lij4,4l6 505,558 92,518 50,914 97,062 85,178 180,780 Other liabilities including accrued dividends 12,842 719 3^12 850 1,599 677 575 2,054 550 500'-: 507 567 1,074 TOTAL LIABILITIES 45,865,584 2423,526 11,642,655 2675,860.3560,578 2651,202 2331,458 7282,912 1845,572 1102,002 1830,267 1475,454 5041,918 Capital paid in 191,085 11,166 67,228 14,202 18,665 8,059 7,275 22,763 6,293 4,189 6,330 7,071 17,844 Surplus (Section 7) 439,825 27,557 156,549 54,720 41,594 20,676 18,663 65,078 16,577 10,997 15,729 15,777 38,106 Surplus (Section. 15b) 27,455 3,012 7,253 4,489 1,007 3,525 762 1,429 521 1,073 1,157 1,507 2,140 Other capital accounts 42,620 5,200 6,779 5,591 3,564 3,169 2,952 5,540 2,440 2,199 2,620 2,405 4,365 TOTAL LIABILITIES' AND CAPITAL ACCOUNTS 144,564,567 2468,461 11,860,464 2752,662 3625,208 2686,431 2561,110 7377,722 1871,403 1120,460 1856,083 1499,992 5104,371 Contingent liability on bills purchased for foreign correspondents 8,092 518 2/2,589 655 753 397 552 1,101 285 202 285 267 712 Commitments to make industrial loans 7,150 — — 1,220 1,586 Jl — - 15 5,64o 450 170 F. R. notes outstanding 24,816,945 1481,263 5,694,823 1698,672 2120,147 1738,412 1426An 4560,050 1117,837 602,972 929,510 600,416 2846,432 Collateral for F, R. .notes held by F. R. Agents: Gold certificates 11,588,000 455,000 5,470,000 500,000 645,000 625,000 590,0002570,000 500,000 184,000 280,000 169,000 1800,000 Eligible paper 101,857 16,556 57,692 10,875 — 4,845 — — 4,559 5,000 1,650 700 U. S. Govt, securities 14,281,904 1100,000 2,400,000 1200,000 1500,000 1130,000 900,000 2200,000 926,904 425,000 700,000 500,000 1500,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 6l to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 277,281 241,637 10,615 996 24,035 Industrial loans 1,058 993 4 4 15' 5 7 52 U. S. Govt, securities 22,275,943 3,5144,545 2,557,171 55,,005544,,552233 55,,339955,,008822'' 1,478,459 5,419,575 520,400 148,550 580,040 l/ After deducting $329,269,000 participations of other Federal Reserve Banks. 2/ After deducT.ing $5,505,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis