H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, May 23; not earlier) lUh.l May 22, I9I1.7 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 21 member bank reserve balances decreased $7,000,000. Reductions in member bank reserves arose from a decrease of $162,000,000 in Reserve Bank credit, offset in part by an increase of $10,000,000 in gold stock and decreases of $18,000,000 in money in circulation,$17,000,000 in Treasury deposits with Federal Reserve Banks and $111,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on May 21 were estimated to be approximately $770,000,000* Holdings of loans, discounts and advances decreased $22,000,000 and of United States Government aecurities $86,000,000, The decrease in holdings of United States Government securities reflects decreases of $182,000,000 in bills and $1**000,000 in bonds and an increase of $100,000,000 in certificates* Changes in member bank reserve balances and related items during the week and the year ended May 21, lokl were • as follows* 9 Increase or'decrease since May 21, May lu, lay 22, 19U7 19U7 19W (In millions of dollars) U S. Government securities 21,676 - 86 - 967 # Loans, discounts and advances 119 - 22 - k5 Other Reserve Bank credit 276 - 53 - 2i9 Total Reserve Back credit 22,071 • 162 -1,061 Gold stock 20,668 + 10 + 6U3 Treasury currency U,559' -.«,«. + 27 Member bank reserve balances 15,91*2 ^ 7 + U57 Money in circulation 26,116 - 13 + 155 Treasury cash 1,538 + 1 - 92k Treasury deposits with F. R. Banks 539 - 17 - 23 Nonmember deposits and other F # R # accounts 1,563 - 111 - 36 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.lul(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since May 21, Hay lit, May 22, • 19147 19147 19U6 A S S E TS Gold certificates 18,950,178 + 20,002 +1,5814,123 Redemption fund for F # R. notes 715,500 - 1,899 Total gold certificate reserves 19,6)45,678 + 18,103 +1,552,178 Other cash 251,537 - 7,886 - 39,1429 Discounts and advances 117,065 - 22,^25 - 146,017 Industrial loans 1,597 73 + 21+3 Acceptances purchased - 13,7145 U, 8. Govt, securities: Bills 114,777,529 -182,208 +1,111,5142 Certificates 5,811,718 +100,000 - 523,878 Notes 551,800 -1,386,1400 Bonds 755,390 - 14,000 - 167,552 Total U« S, Government securities 21,676,237 - 86,208 - 966,288 Total loans and securities 21,7914,899 -108,706 -1 ,025,807 Due from foreign banks 102 ___ - 8 F. R. notes of other banks 98,380 + 6,029 17.1J.26 Uncollected items• 2,)436,727 -50,14 ,.588 + 31*0,733 Bank premises 32,078 99l4 Other assets 1*8,1*77 + 2,117 8,155 TOTAL ASSETS Uli,307»878 -3914,931 + 801,092 L I A B I L I T I ES Federal Reserve notes 21^,002,215 - 11,178 + 55,713 Deposits: Member bank - reserve account 15,9142,303 - 6,650' + 1*37,286 'U.S # Treasurer - general account 558,793 - 17,565 22,731 Foreign U88,973 - 8li,l470 171,126 Other 1468,025 - 2l|,876 + 58,859 Total deposits 17,1438,0914 -133,361 + 302,288 Deferred availability items 2,161,069 -251,033 + 376,355 Other liabilities including accrued dividends 13,133 680 + 218 TOTAL LIABILITIES U3,6114,511 -396,252 + 73U.55U C A P I T AL A C C O U N TS Capital paid in 191,355 + 35 + 9,l4i9 Surplus (Section 7) 1*39,823 + 81,1468 Surplus (Section 13b) '27,1*55 + 27 Other capital accounts 314,7314 + 1,286 21*, 376 TOTAL LIABILITIES AND CAPITAL ACCOUNTS I1I4,507,878 -39a,931 + 801,092 Ratio of gold certificate reserves to deposit and F, R. note liabilities combined hl.ki* 3.h% Contingent liability on bills purchased for foreign correspondents 6,797 371* + 6,797 Commitments to make industrial loans 5,697 1,383 + 286 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Il.U.>(b.) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS ON MA.Y 21, I9I47 (In thousands of dollars) A S Total Boston New York Phila. Clevo. Rich. Atlanta Chicago St.Louis Minn.. Kans.Cy. Dallas SanFran. Gold certificates 18,930,178 697,732 5,607,hhl 818,0u5 1172,019 91+6,161 933,8ii5 ^62,67)4 5l>9,262 381,109 621,259 14149,38721491,238 xvsdoir.ptioE fund foi A J. -L. U4..U X V*»i tea. 715,500 5y,63l 116,129 59,1+58 75,162 55,56o ' ul;,o63 81,751; k5,&13 .21,271 33,381+ 21+;i+lo loU.005 Total, ;?,old certificate ?ve s 19,6145,678 752,363 5,723,576 877,503 12147,181 1001,721 977,908 h3hh,h28 59u,935 1402,380 65U,6ii3 U73,797 2595,2143 251,537 '21,775 50,788 16,6U9 21,163 15,388 21,51+3 26,1+03 13,521 6,329 0,872 11,297 37,809 Lznor casn Discounts and advazicos 117,065 13,805 33,381 9,661 10,366 11,913 2,31+1+ 11,987 u,963 7,8u5 5,1;63 2,019 3,318 Industrial loans 1,59? 12 — 1,585 0, S.Gort. securities: Bills Certificates riot us Bonds Total IT,S» Government ' securiti~ 21,676,237 lu5l,8U6 5,U6?,734 1626,56? 2111,202 139^39 11^3,957 2557,61,5 .1115,238 613,139 I03li,357 868,938 2266,173 Total loans and l E E l E Ei * 21,794,899 li-165,663 5,501,115 1637,815 2121,568ll;06,352 li!i6,30l 2569,632^1129,201 625,98/4 1039,820 890,957 2269,491 ; Due frcm foreign banks \ i 2 - 6 l/ 33 • 6 9 5 h lh " h 3 h 3 9 0 F.k.notes of other banks Q8,380 i|,21Ji 17,212 5,001 h,6oh 9,508 10,200 13,256* 9,2-61; 3,Q21* k,686 3,807 13,607 Uncollected items 2,2|36,727 204,655 1^90,651 150,217 232,521 211,71*0 158,i|85 3^2,509 Ilk,17k 56,190 126,221 106,969 220,395 Bank premises 32,078 1,270 8,386 3,132 3,313 2,658 1,511 3,032 1,995 1,229 2,1*97 73i* 1,763 Other assets i|8,i*77 3,311 11,V72: 3,022 h,5& 2,91.2 2,61*2 6,379 2,83U 1,3^0 2,056 2,11*1 5,77k TOTiiL ASSETS 1^,307,378 2^53,265'11,803,233 2693,3^7 3635,U23 2650,31U 2318,59a 7325,653 1856,928 1096,476 181*0,799 lu89,755 5l4li,09l 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.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 21, 1947 (In thousands of dollars) I L I T I E S Total Boston Now York Phila. Clevo, Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,002,215 1442,730 5,499,152 1655,609 2069,451 1655,871 1568,346 4486,225 1074,556 587,552 904,419 570,575 2707,449 Deposits: Member bank-reserve acct. 15,9142,305 707,666 4,981,267 785,545 1200,400 698,056 711,912 2512,354 592,356 396,555 757,982 754,653 2043,577 U.S.Treasurer-general acct. 538,795 57,002 126,528 55,434 46,247 42,841 29,827 51,307 34,520 50,764 26,14-55 29,750 47,788 Foreign 488,975 30,149 l/l69,245 58,068 43,708 23,029 19,269 65,917 16,449 11,749 16,449 15,509 41,454 Other 468.025 2,258 405.-795 2,102 5,870 2,505 1,389 3,427 5.812 1,909 469 809 ^7 .-880 Total deposits 17,438,094 777,075 5,680,353 861,199 1296,225 766,211 762,397 2431,505 648,937 440,977 801,335 800,721 2170,679 Deferred availability items 2,l6l,069 188,174 403,513 159,414 204,517 192,771 157,471 312,903 107,280 49,590 109,007 93,584 203,175 Othor liabilities including accrued dividends 13,153 784 5,717 379 1,540 649 597 1,942 558 588 519 584 1,176 TOTAL LIABILITIES 43,614,511 2408,763 11,587,020 2637,,101 3571,555 2615,502 2289,311 7232,580 1831,531 1078,287 1815,54u 1465,464 5082,479 Capital paid in 191,355 11,168 67,282 14,205 13,715 8,065 7,299 22,794 6,309 4,205 6,376 7,086 17,351 Surplus (Section 7) 439,623 27,557 136,549 34,720 41,394 10,676 18,663 65,073 16,577 10,997 15,729 13,777 33,106 Surplus fSection 13b} 27,455 3,012 7,253 4,489 1,007 3,525 762 1,42? 521 1,073 1,137 1,307 2,140 Other capital accounts 34,734 2,765 5,129 2,352 2,974 2,746 2,559 3,772 2,190 1,914 2 ,217 2,121 3,515 TOTAL LIABILITIES-AND CAPITAL ACCOUNTS 44,307,878 2453,265 11,803,255 2695,347 3635,423 2650,314 2313,594 7325,655 1856,928 1096,476 1640,799 1489,755 5144,091 Contingent liability on bills purchased for foreign correspondents 6,797 455 2/2,175 551 632 355 279 924 258 170 238 224 593 Commitments to make industrial — 450 167 los^s - 5,697 • —_ 1,172 1,613 77 — 13 2,200 F. R. notes outstanding 24,632,651 1473,551 5,647,741 1679,163 2112,176 1706,936 l4lO,4l9 4552,651 1110,157 601,423 924,935 595,477 2820,059 Collateral for F. R. notes held bv F. R. Agents: Gold certificates 12,103,000 455,000 3,470,000 500,000 614.5,000 690,000 590,0002970,000 300,000.184,000 280,000 169,000 1850,000 Eligible paper 73,355 .12,410 24,705 7,895 — 10,745 — — ' 4,200 7,500 4,700 1,4oo U. S. Govt, securities 13,583,795 1100,000 2,400,000 1200,000 1500,000 1055,000 850,000 1600,000 953,795 425,000 700,000 500,000 1300,000 MATURITY DISTRIBUTION OF L0.JI3 A^D.S^CuRITLUS Within 16 to 31 to 6l to 91 cava to o months 1 to 2 2 to 5 Over Total 15 d^ys 30 days 60 days 90 days 6 months to' 1 year years years 5 years Discounts and advances 117,065 83,929 5,148 25,038 2,950 Industrial loans 1,597 1,036 4 3 26 37 pr> 3 108 35O U. S. Govt, securities 21,676,237 3,804,119 2,419,206 5,347,394 L+ 3 J \ J 9 OH-L 1,500,575 3A99,812 320,uOO 'i O24.O l/After deducting $^l9,^3i4.,OOG participations of other Federal Reserve Banks- 2/ lifter deducting $1}.,622,000 participations of other Federal Reserve Ea Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis