H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF-THE FEDERAL RESERVE SYSTEM (Released for Publieation Friday morning, May 2; not earlier) E.k.1 May 1, 19U7 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April .30 member bank reserve balances increased $6,000,000. Additions to member bank reserves arose from increases of $153,000,000 in gold stock and $2,000,000 • in Treasury currency and decreases of $13,000,000 in Treasury cash and $12,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $137/000,000 in Treasury deposits with Federal Reserve Banks and $13*000,000 in money in circulation and a decrease of $25,000,000 in Reserve Bank credit. Excess reserves of member banks on April 30 weye estimated to be approximately $670,000,000. Holdings of loans,'discounts and advances decreased $16,000,000 while holdings of United States Government, securities increased $23,000,000* The increase in holdings of United States Government securities reflects an increase of $1*2,000,000 in bills and a .decrease of $1^,000,000 in certificates. Changes in member bank reserve balances and,, related items during the week and the year ended April 30, l9h'lf were as follows j Increase or decrease since April 30, April 23, May 1, 19^7 19^7 19^6 (In millions of dollars) U; S # Government securities 21,057 + 28 - 722 Loans, discounts and advances 126 - 16 - 100 Other Reserve Bank credit 222 - 36 - 56 Total Reserve Bank credit 22,205 - 25 - 879 Gold stock 2o,77U + 153 + 523 Treasury currency 14,560. + 2 + 25 Member bank reserve balances 15,026 6 + 79 Money in circulation 2G,118 + 13 + 230 Treasury cash 1,325 - 13 - 9fc2 Treasury deposits with F. R, Banks 6I9 + 137 + 210 Nonmember deposits and other F # R # accounts 1,652 - 12 + 91* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l|.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL'RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since April 30, April 23, May 1, 19U7 19U7 19U6 A S S E TS Gold certificates 18,815,176 +15U.999 +1. U69.121 Redemption fund for F« R« notes 721,33U - 2,6U6 29,075 Total gold certificate reserves 19,536,510 +152,953 +1 ,UUo,oU6 Other cash 276,061 899 52,339 Discounts and advances 125,16U .- 16,033 99.35U Industrial loans 1,109 + 71 - 388 Acceptances purchased 13.1U1 U S. Govt, securitiesj # Bills 15,100,553 +U2,UU2 ++11, 265,083 Certificates 5,651.218 - iU,5oo 516,078 ,. Notes --11 ,321,900 351,800 Bonds. 1U9.552 753,390 Total U. S. Government securities 21,356,961 + 27.9U2 722,UU7 Total loans'and securities 21,983,23k + 11,980 - 835,330 Due from foreign banks 102 8 F # R. notes of other banks ioo,55U + 117 37,293 Uncollected items 2,263,50li. - 82,U06 + 259,208 Bank premises 32,085 U6 99U Other assets U5.62U + 1,031 9,659 TOTAL ASSETS I0i.235.67U + 82,730 + 763,631 L I A B I L I T I ES Federal Reserve notes 2k, 022,262 - 2,599 + 9P.3U6 Deposits? Member bank « reserve account 15,825,712 + 5,969 + 78.U63 U.S.Treasurer - general account 618,660 +137,192 + 209,605 Foreign 552,526 - 6.238 175,98U Other IT72,756 + 10,961 + 191,671 Total deposits 17,1|.69,85k +1U7.88U *+ 303,755 Deferred availability items 2,oUl.U89 - U6.070 + 302,112 Other liabilities including accrued dividends 12,679 - 2,592 15 TOTAL LIABILITIES U3.5U6.28U +•96,623 + 696,198 C A P I T AL A C C O U N TS Capital paid in 19L2U9 + 65 + 9,530 Surplus (Section 7) U39.823 + 81,U68 Surplus (Section 13b) 27,U55 + 27 Other capital accounts 30,663 - 13,958 23,592 TOTAL LIABILITIES AND CAPITAL ACCOUNTS UU,235,67U + 82,730 763,631 Ratio of gold certificate reserves, to deposit and F. R. note liabilities combined + .2fo Contingent liability on bills purchased for foreign correspondents 8,0U0 39 + 8,0U0 Commitments to make industrial loans 7,279 72 + 5,598 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.I(» STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 50, I9I+7 (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 18,815,176 750,806 5,661,036 855,851* 111*7,555 942,968 905,622 1*155,189 567,676 580,1*91+ 621,968 14*2,850 21429,178 Redemption fund for F. R. notes . 721,554 5l+,944 H7,555 59,980 75,551 57,706 1+4,581+ 82,ol+5 1*5,791 21,31*0 55,1+71* 2l+,l*66 lQl+,522 Total gold certificate reserves 19,556,510 785,750 5,778,569 895,8U4. 1225,106 1000,671* 91*8,006 1+255,252 6l3,u67 401,831; 655,442 1+67,516 2555,500 other cash 276,061 2i,oiU 62,oo6 18,507 25,615 15,150 21,1*80 26,1+71 i3,ool+ 6,793 9,631 12,093 1*1+,317 Discounts and advances 125,161; 14,891 31,069 7,551 ll+,293 ll+,511 7,5li5 6,054 15,018 2,570 l+,678 1,506 5,900 Industrial loans 1,109 15 l,09u U. S. Govt, securities» B i l ls 15,100,555 973,861i 3,708,871 lll;l,774 1507,754 996,052 825,009 1790,208 754,331 426,831 7l+5,8l*l 587,026 1642,992 Certificates 5,651,218 388,1*29 1,450,629 1*02,21*5 506,0lt0 31*7,709 289,931 756,153 292,592 161,671* 261,665 252,612 5l+l,7l+l Ko"tes 551,800 21*, 180 90,505 25,01*1 51,502 21,61*5 18,01*9 1+7,072 18,202 10,065 16,289 15,725 33,725 BondS 755,590 51,765 193,390 55,626 67,1*62 1*6,555 58,652 100,807 58,980 21,551* 5l*,885 55,676 72,222 Total U.S. Government securities" 21,856,961 11*58,256 5,1*1*5,195 1622,686 2112,758 ll*H,76l 1171,61*1 269l*,2l*0 1105,905 62o,121+ 1058,676 889,059 2290,680 Total loans and securities 21,985,231* 11*53,162 5,l*7l*,26i* 1631,511 2127,051 U+26,272 1179,181* 2700,294 1118,925 622,1*91* 1065,554 890,51*5 2296,580 Due from foreign banks io2 6 l/55 8 9 5 I + I I+ 1 * 5 1 * 59 F.R. notes of other banks ioo,55l* 3,065 167226 1+,315 5,1*63 11,872 13,600 . H*,27l 5,555 5,051* 4,598 l*,l*3l* 11*,121 Uncollected items 2,263,50l* 181,750 l*8l*,38i* ll*0,8l*5 207,519 188,1*29 155,765 559,087 98,658 52,1*16 118,757 86,269 189,865 Bank premises 52,085 1,278 8,586 5,132 3,815 2,658 1,512 5,052 1,995 1,229, 2,505 78l* 1,765 Other assets 1*5,621; 2,982 9,955 2,720 1*,H*5 2,772 2,6o6 6,012 2,720 1,21*5 1,988 1,958 l*,5l+3 TOTAL ASSETS 1+4,255,671+ 21*1*9,007 11,855,601 2694,652 5596,521 261*7,812-2322,157 7544,1*15 1854,286 1039,068 1856,257 11*65,202 5084,698 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 THE FEDERAL RESERVE BANKS ON'APRIL 50, 191+7 (In thousands of dollars) B I L I Total Boston New York Phila. CIeve» Rich. Atlanta 'Chicago St .Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 2l+,022,262 11+1+5,995 5,U98,209 1655,557 2065,096 1666,886 1573,561+1+1+75,021+ 1078,278 587,586 906,556 573,311+ 2716,1+17 Deposits: Member bank-reserve acct. 15,825,712 715,253 l+,9l+0,98l 789,763 1172,789 703,605 718,315 2287,531; 59l+,61+6 39l+,266 769,295 71+3,921 1997,31+1+ U.S.Treasurer-general acct. 618,860 1+1,005 157,225 55,368 50,852 1+1,31+6 26,936 115,287 33,87U 25,662 28,178 2l+,67l 38,1+58 Foreign 552,526 55,770 l/l9l+,559 1+2,652 1+8,971 25,802 21,589 71.613 18,1+30 13,161+ 18,1+30 17,377 1+6,569 3,1+25 Oth-ir 1+72,756 1,958 399,597 2,1+21 7,286 l+,887 2,116 2,1+33 6,6ll+ 2,3l+7 1,526 58,31+6 Total deposits 17,1+69,851+ 789,981+ 5,692,162 370,201+1279,898 775,61+0 768,95621+76,867 653,561+ 1+35,1+39 819,328 787,295 2120,517 Deferred availability items 2,01+1,1+89 168,032 l+2l+,65i 152,11+7 186,625 170,121 11+9,996 297,993 96,1+93 1+7,216 iOl+,78l 77,991+ 185,1+62 Other liabilities including accrued dividends . 12,679 785 3,378 816 1,193 620 556 l,9l+l+ 532 750 515 1+1+C 1,150 TOTAL LIABILITIES "1 +5,51+6,231+ 2l+ol+-,796 11,618,530 2653,701+ 3552,8io 2615,267 2293,072 7251,828 i828,8t>7 1070,991 1850,980 11+59,01+5 5025,51+6 Capital paid in. 191,21+9 11,166 67,262 ll+,205 18,698 8,065 7,298 22,778 6,500 1+,197 6,51+9 7,081 17,850 Surplus (Section 7) 1+59,825 27,557 156,51+9 5l+,720 1+1,391+ 20,676 18,665 65,078 16,577 10,997 15,729 15,777 58,106 Surplus (Section 13b) 27,1+55 5,012 7,253 l+,l+89 1,007 3,325 762 1,1+29 521 1,075 1,137 1,307 2,11+0 Other capital accounts 50,865 2,1+76 1+,157 2,531+ 2,612 2,1+79 2,562 3,500 2,021 1,810 2 ,062 1,991+ 3,056 TOTAL LIABILITIES AND 1+1+,255,671+ 21+1+9,007 11,855,601 26ol+,652 5596,521 261+7,812 2522,157 73l+U,i+15 l35li,286 1089,068 1856,257 H+65,202 508l+,698 CAPITAL ACCOUNTS Contingent liability on bills purchase for foreign correspondents 8 0l+0 515 2/2,575 651 7I+8 59l+ 330 1,093 231 201 281 265 708 Commitments to- make industrial loans 7,279 — i,l61+ 1,761 31 13 3,61+0 1+50 170 F. R. notes outstanding 2l+,69l,593 ll+75,5l+5 5,678,019 1681,067 2117,1+15 1719,81+5 U+11,1+37 1+538,051+ 1115,616 * 601,1+18' 925,81+ 595,302 2856,050 Collateral for F. R. notes held by F. R-. Agents: Gold certificates 12,055,000 l+55,ooo 3,1+70,000 500,000 61+5,000 690,000 590,000 2970,000 500,000 i8l+,ooo 280,000 169,000 1800,000 Eligible paper 77,51+1 il+,200 16,615 6,656 — 13,332 — — il+,61+o 2,100 l+,500 — l+,950 u. S. Govt, securities 15,579,656 1100,000" 2,1+00,000 1200,000 1500,000 1055,000 850,000 1600,000 91+9,656 i+25,000 700,000 500,000 1300,000 MA.T UR ITY_E ISTRIBUT]: 0N_0F LOANSJ ^SECORIT: LES Within 16 to 51 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 125,161+ 89*397 8,282 ll+,373 15,H2 Industrial loans 1,109 1,01+5 1+ 1+ 5 10 3 8 30 U. S. Govt, securities 21,856,961 5,1+32,551+ 2,1+27,750 5,058,195 5,059,81+0 1,1+27,1+59 3,372,375 •520 ,l+oo 11+8,350 580,01+0 l/ After deducting $353,066,000 participations of other Federal Reserve Banks, 2/ After deducting $5>U6?,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis