H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDEJAL RESERVE SYSTEM (Released for Publication Friday morning, April 25; not earlier) April 2k$ 1947 CONDITION OF THE FEDERAL RESERVE BAMS During the week ended April 23 member bank reserve balances decreased $167,000,000. Reductions in member bank reserves arose from a decrease of $2l4ii*0Q000P in Reserve Bank credit and increases of $li|lj.,000,000 in nonmember f deposits and other Federal Reserve ^accounts and $6,000,000 in Treasury cash, off set in part by decreases of $131,000,000 in Treasury deposits with Federal Reserve Banks and $58,000,000 in money in circulation and an increase of $38,000,000 in gold stock. Excess reserves of member banks on April 23 were estimated to be approximately $672,000,000• Holdings of loans, discounts and advances increased $i.|0,000,000 while holdings of United States Government securities decreased $76,000,000. The decrease in holdings of United States Government securities reflects a decrease of $9l+,000,000 in certificates and an increase of $18,000,000 in bills, Changes £n member bank reserve balances and related items during the week and the year ended April 23, 19kl7> wo^' &s follows: Increase or decrease since April 23, April 16, April 2k$ I9k7 I9k7 1946 (In millions of dollars) U. S. Government securities 21,829 - 76 -475 Loans, discounts and advances lte + UO -183 Other Reserve Bank oredit 258 -209 - 15 Total Reserve Bank credit 22,230 -2hh -671 Gold stock 20,621 + 38 +374 Treasury currency . U,558 — + 22 Member bank reserve.balances 15,820 -167 +363 Money in circulation 28,105 - 58 +228 Treasury cash 1*338 + 6 -922 Treasury deposits with F. R. Banks 1+82 -131 + 97 Nonmember deposits and other F. R.accounts 1,661; +1W+ - 42 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

tf.l+.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since April 23, April 16, April 2h» 19U7 I9U7 I9I46 A S S E ,T S GOld certificates 18,660,177, + 35,000 +1,31U,122 Redemption fund for ?• R. notes, 723,330' + 2>6?1 28,766 Total gold certificate reserves 19,383/557 + 37,671 +1,285,356 Other cash 276,960 - 11,507 - -61,81*8 Discounts and advances 11*1,197 + 1*0,733 - 182,3^9 Industrial loans 1,038 61* h05 Acceptances purchased 8,729 U. S. Govt* securitiesj. Bills 15,058,111 + 17,761* +1,510,318 Certificates 5,665,718 - 9I+,000 r. 660,478 Notes 351,800 -1,175#000 Bonds 753,390 - ll|9,552 Total U, S. Government 21,829,019 - 76,236 - 474,712 Total loans and securities 21,971,251* - 35,567 Due from foreign banks 102 i\ R* notes of other banks + 2,852 100,1+37 Uncollected items 2,3)45,910 -592,550 Bank premises 32,131 20 Other assets 1+2,593 + 707 TOTAL ASSETS L I A B I L I T I ES Federal Reserve notes Deposits: Member bank - reserve account U«S.Treasurer-general account Foreign Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T AL A C CO U N TS Capital paid in .Surplus (Section 7) Surplus Section 13b), Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and *\ R. note liabilities combined Contingent liability on bills purchased Tor foreign correspondents Commitments to make industrial loans 1 1 1 + 1 1 666,195 8 36,635 271,939 992 10,1+26 1414,152,9111+ -598,1+11+ + 781,191 2l+,02l+,86l - 60,2+69 96,902 15,8l9>7l+3 -167,625 + 362,778 1+81,668 -131,820 + 97,058 558,7<3+ +162 ,968 171,11+5 1+61,795 - 21,550 + 32,693 17,321,970 -158,027 52l,36i+ 2,087,559 -383.736 + 277,519 15,271 + 2,51+9 + 2,300 1+3,1+1+9,661 -599,683 + 698,085 191,181+ 21 + 9,551+ 1+39,823 + 81,1+68 27,1+55 + 27 1+1.!., 8 21 + 1,21+8 7,923 M+,152,9hk -598,1+11+ + 781,191 h6.9% + ,h% 2.7% 8,001 Ik + 8,001 7,351 + 21+7 + 5,801 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 23, I947 (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 18,660,177 735,931 5,687,688 837,606 1167,321 918,298 902,2333984,425 555,600 380,786 622,73,5 454,909 2432,645 Redemption fund for F. .R. notes 723,380 55,045 117,752 60,157 75,672 58,505 1+4,469 82,181 45,851 21,554 55,506 24,493 ioii,457 Total gold certificate reserves 19,585,557 790,974 5,805,420 897,765 1242,993 976,805 946,702 4066,606. 601,431 4o2,l4o 656,241 459,402 2537,082 other cash 276,960 21,179 58,22o 18,905 24,632 16,706 25,340 27,992 12,973 7,061 9,39^ 10,817 43,694 Discounts and advances 141,197 15,098 3U,528 15,070 15,495 14,289 10,895 2,234 13,118 11,070 7,698 : 1,756 4,150 Industrial loans 1,030 15 1,023 —- U. S. Govt, securities; Bills 15,058,111 968,606 3,520,007 1126,427 1517,202 1000,524 828,006 1927,995 756,776 427,105 741,010 588,008 1647,765 Certificates 5,665,718 589,445 1,454,161 403,556 507,427 348,624 290,696 758,035 293,113 162,087 262,362 253,246 545,188 Notes 351,800 24,102 90,293 25,044 31,508 21,647 18,050 47,o68 16,200 io,o64 16,291 15,725 35,728 Bonds 755,590 51,736 195,565 55,653 67,474 46,558 58,655 100,798 56,976 21,553 54,887 33,675 72,230 Total U S Government # # securities 21,029,019 1434,019 5,257,826 1608,440 2123,611 1424,953 1175,407 2833,894 1107,065 620,809 1054,550 391,534 2296,911 Total loans and securities 21,971,254 1449,132 5,292,154 1622,533 2137,104 1439,242 1186,300 2836,128 1120,183 631,879 1062,248 893,290 2301,061 Due from foreign banks 102 6 1/55 8 9 54 14 4 3 4 39 F.R.notes of other banks 100,437 2,702 17,652 4,992 5,4ll 14,052 10,474 12,023 7,538 3,235 5,H9 4,149 15,092 Uncollected items 2,345,910 195,204 431,497 141,494 2o6,3H 196,129 155,5^0 564,58.5 100,750 55,15U 122,659 H6,193 210,554 Bank premises 32,151 1,285 3,4o4 3,122 , 5,022 2,658 1,514 3,038 1,999 1,232 2,505 787 1,769 other assets 42,595 2,815 lo,4o8 2,615 4,090 2,655 2,592 5,665 2,582 i,i60 1,755 1,966 4,260 TOTAL ASSETS 44,152,944 2465,295 11,675,760 2691,450 5624,450 2648,250 2526,506 7516,071 1847,460 1101,870 1359,918 1480,607 5in,54i 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.l+.l(c) STATEMENT OF CONDITION OF TKS FEDERAL RESERVE BANKS ON APRIL 23. 191+7 (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 •linn. Kans.C; Dallas SanFran. Federal Reserve notes 2l+,02i+,86l 11+1+5,997 5,49-6,051+ 1637,1+51 2060',509 1671,185 1375,979 1+474,869 1077,678 588,916 905,671+ 575,093 2719,1+56 Deposits: Member bank-reserve acct. 15,819,71+3 720,531+ i+,889,390 739,173 1196,063 701,474 720,281 2302,549 587,760 401,572 767,649 755,921 2007,577 U.S.Treasurer-general acct. 1+81,668 28,515 84,179 29 > 68 5 50,525 37,1+42 29,649 64,888 35,760 28,225 23,982 25,600 42,422 Foreign 558,761+ 35,068 1/186,751 44,294 50,856 26,795 22,421 74,371 19,159 13,671 19,139 18,046 48,213 Other 1+61,795 2,836 ' 389,201 2,087 6,920 3,892 2,254 4,818 6,281 2,264 1,272 839 39,131 Total deposits 17,321,970 786,751 5,549,521 865,2391304,362 769,603 774,60521+46,626 646,940" 445.752 '817,042 778,4062157,143 Deferred availability items 2,087,559 184,422 405,058 130,942" 193,341 171,372 147,335 297,319 96,376 47,64o 110,750 111,898 191,106 Other liabilities including 4,8oi accrued dividends 15,271 1,043 827 1,370 670 597 2,157 526 1,058 519 573 1,130 TOTAL LIABILITIES 43,1+49,661 2418,213 11,455,434 2654,459 3559,582 2612,830 2296,516 7220,971 1821,520 1085,546 1353,985 1463,970 5043,335 Capital paid in 191,134' 11,166 67,247 l4,204 18,669 8,065 7,291 22,778 6,500 4,194 6,549 7,078 17,845 Surplus (Section 7) 459,825 27,557 156,549 54,720 41,594 20,676 18,665 65,078 16,577 10,997 • 15,729 15,777 38,106 Surplus (Section 13b). 27,455 3,012 7,253 4,489 1,007 3,325 762 1,429 521 1,073 .1,137 1,307 2,140 Other capital accounts i+4,.821.: 3,345 7,305 3,558 3,778 3,336 3.074 5,815 2,542 2,260 2,718 2,475 4,615 TOTAL LIABILITIES AND ' : ' ' ! ' CAPITAL ACCOUNTS 1+4,152,91+4 2463,293 11,675,7.88"2691,1+50 3624,430 2648,230 2326,306 7316,071 1347,460 1101,870 1859,918 1438,607 5111,541 Contingent liability on bills purchased for foreign correspondents 8,001 512 2/2,561 61+8 71+4 392 328 1,088 280 200 280 264 704 Commitments to make industrial loans 7,551 1,255 1,761 82 -.-- ... 15 5,640 450 170 F. R. notes outstanding • 24,726,055 1482,509 5,683,2491683,665 2110,047 1725,110 1415,880 4547,501 1115,579 601,895 927,363 596,2052836,752 Collateral for F. R. notos held by F. R. Agents: Gold certificates 12,063,000' "455,000 3,470,000 -500,000-- 645,000 700,000 590,000"2970,boo 300,000 184,000 280,000 169,0001800,000 Eligible paper 94,294 14,407 19,872 12,195 — 13,76.0 — — 12,740 10,800 7,320 — 3,200 U. S. Govt, securities 13,644,70!+ 1100,000 2,400,000 1200,000 1500,000 1130,000 350,000 1600,000 939,701+ 425,000 700,000 500,000 1300,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 .to 31 to 61 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 141,197 109,1+49 4,783 """3,911 23,054 Industrial loans 1,038 974 4 4 5 9 3 7 32 U. S. Govt, securities 21,829,019 3,355,217 2,421,115 5,035,891 5,153,674 1,432,459 3,381,873 320,400 143,350 580,040 l/ After deducting $371,355,000 participations of other Federal Reserve Banks. 2/After deducting $5,1+40,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis