H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, June 6;-not earlier) H.ua June 5, I9J4.7 -CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June l± Member bank reserve balances increased $216,000,000. Additions to'member bank reserves arose from increases of $215,000,000 in Reserve Bank credit and $58,000,000 in gold stock and decreases of $98,000,000 in Treasury deposits with Federal Reserve Banks and $6,000,000 in Treasury cash, offset in part by increases of $50,000,000 in money in'circulation and $113,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member'banks on June 1; were estimated to be approximately $670,000,000. Holdings bf loans, discounts and advances increased $1^3j000,000 and of United States Government securities $170,000,000. The increase in holdings of United States Government securities reflects increases of $95,000,000 in bills and $81^000,000*in. certificates and a clecrease of $8,000,000 in bonds. Changes in member bank reserve balances and related items during the week and the year ended'June !+, lykl, were as follows j Increase or decrease since June k, May 28, June 5> 19U7 19U7 19^6 (In millions of dollars) U. S. Government securities 21,760 + 170 -1 ,020 Loans, discounts and advances 175 + U3 - 78 Other Reserve Bank credit 299' + £ — 117 Total Reserve Bank credit 22,23^ + 215 -1 ,216 lro\d stock 20,990 + 58 + 718 Treasury currency U..561 --- + -27 Member bank reserve balances 15,921 + 216 + 122 Money in circulation 28,261 + 50 + 102 treasury cash 1,366' - 6 - 919 T.-oa.sury deposits 'with F. R # Banks 653 - 98 + 259 Nonmember deposits and other F.R.accounts 1,585 + 113 - 3k Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.2*.l(a) STATEMENT 'OF CONDITION; OF THE TWELVE^FEDERAL RESERVE BANKS COMBINED' (In thousands .of dollars) Increase or decrease since June Ij., May 28, June 5, 19U7 19^7 I9I46 A S S E TS Gold certificates I9,021i,678 + 50,000 +1,680,623 Redemption fund for F. R. notes 712,U15 - 1,638 - 3li,852 Total gold certificate reserves 19.737,093 + 2*8,362 +1,61*5,771 Other cash 229,759 - 2,835 - 35,003 Discounts and advances 173,716 • 1+3,557 - 78,472*. Industrial loans 1,699 + 96 + 431 Acceptances purchased — — - H,193 U. S. Govt, securities; Bills 11*,662,305 + 9U.892 + 802,381 Certificates 6,001,266 + 83,5U8 - 267,604 Notes 369,300 — -1,378,900 Bonds 727,390 - 8,000 - 175;552 Total U.S, Government securities 21,760,261 •170,hho -1,019,675 Total loans and securities 21,935,676 +212*, 093 -1,108,911 Due from foreign banks 102 + 17 mmmm F, R, notes of other banks 87,526 - 11,322 - 22,12*8 Uncollected items 2,376,669 +167,278 + 188,266 Bank premises 32,006 ' 29" 997 Other assets . J49J45U 792 6,092 TOTAL ASSETS 1*14,1*1*8,285 •Mil, 7 55 + 660,903 L I A B I L I T I ES Federal Reserve notes 21;, 130,578 +20,1*20 +! 26,24*1 Deposits! Member bank - reserve account 15,920,609 +215,160 + 121,796 U.S.Treasurer-general account 653,003 - 98,01*9 + 258,81*5 Foreign 510,301; +107,580 - 108,201 Other . U2|6iQ72' + 2,825 + l,2t58 t Total deposits 17,529*988 .+227,516 + 273,898 Deferred availability items 2,075,065 +165,735 + 29l*,86i* Other liabilities including accrued dividends 13,658 1*02 - • 61 TOTAL LIABILITIES 2*3,752,289 +1*13,269 + '595,12*2 C A P I T AL A C C O U N TS Capital paid in 191,1*60 56 + 9,356 Surplus (Section 7) 1*39,823 + • •81,1*68 Surplus (Section 13b) 27,U55 + 27 Other capital accounts 37,258 1,2+30 - 25,090 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*1*, 1*1*8,285 +2; 114,755 + 660,903 Ratio of gold certificate reserves to deposit and F.R.note liabilities combined h'lM + 3.79S Contingent liability on bills purchased for foreign correspondents 6,296 206 + 6,296 Commitments to make industrial loans 5,528 175 + . 107 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l+.lfb) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUN E1+, 19^7' (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 19,02^,678 707,59k 5,572,61+7 776,285 1171,581+ 972,163 929,561+1+550,683 51*9,358 31*5,51*8 586,1+37 1+1+3,321 21+19,1,9^ Redemption fund for F. K. notes 712,1+15 51,1+67 115,1*13 59,656 7l*,9l*9 5l*,3H 1*3,903 81,382 1+5,602 21,21+7' 33,331; 2l+,3l+6 103,806 Total gold certificate reserves 19,737,093 762,061 5,688,060 835,9^1 121+6,532 1026,1+71+ 973,1*67 1+632,06$ 59l*,96o 366,795 619,771 1+67,667 2523,300 Other cash 229,759 20,71+8 1+5,61+U 15,866 19,510 13,761 19,870 27,55c 11,733 6,009 8,868 9,706 30,1+89 Discounts and advances 173,716 16,998 1+8,851+ li+,996 10,762 8,755 8,291+ 20,97u 17,363 5,3u5 13,363 2,1+19 5,593 Industrial loans 1,699 12 1,687 U.S. Govt, securities: Bills H+,662,305 976,587 3,811+,69l+ 1127,132 ll+7l+,859 966,332 798,71*1* H*55,l*05 71+2,1+98 1+35,072 71*3,1*23 586,216 l5U,3l+3 Certificates 6,001,266 1+12,971 1,535,950 1+26,529 539,503 369,796 308,383 801,51*7 309,801 171,60k 278,551 267,971 576,660 Notes 36^,300 25,1*13 9l+,518 26,371 33.199 22,756 18,977 1+9,325 19,061+ 10,560 17,1m 16,1+90 35,1*86 Bonds 727,390 50,051+ 166,167 51,9^1 65,391 1*1*,822 37,378 97,152 37,51*9 2o,800 33,762 32,1+79 69,895 Total U.S.Government securities 21,760,261 11+65,025 5,631,329 1633,973 2112,952 11+03,706 1163,1+82 21+03,1+29 1108,912 638,036 1072,877 903,156 2223,381+ Total loans and securities 21,935,676 1^32,035 5,680,183 1650,656 2123,71!^ 11+12,1+61 1171,776 2l+2i+,l+o3 1126,275 61+3,381 1086,21+0 905,575 2228,977 Due from foreign banks 102 6 1/ 33 8 9 5 1+ 11+ 1+ 3 •1+ 3 9 F.R.notes of other banks 87,526 2,81+6 13,199 6,015 6,1+1+6 9,358 7,795 11,601 6,131 3,327 6,035 2,91*5 11,828 Uncollected items 2,376,669 19^,987 1+53,069 165,596 212,206 201,051 158,81+6 391,216 112,067 57,180 126,735 96,097 207,619 Bank premises 32,006 1,273 8,367 3,120 3,803 2,651 1,508. 3,037 .1,991 1,227 2,1+91 781 1,757 Other assets 1+9,1* 5u 3,1*60 11,801 3,26o l+,61+9 3,037 2,723 6,821+ : 2,91+0 1,1+21+ ' 2,268 2,059 5,009 TOTAL ASSETS i+i+,1+1+6-,285 21+67,1+16 ll,90t),356 2680,1+62 3616,869 2668,798 2335,989 -71+96,715 1856,101 1079,31*6 1852,1+12 li+8l+,833 5008,988 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 JUNE 1+, 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 Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,150,578 11+50,872 5,564,091+ 1656,194 2072.851+ 1658,827 1373.236 4507,551+ 1076,509 588,910 907»5U 577,592 2716,645 Deposits* Member bank-reserve acct. 15,920,609 71^,255 1+,978,551 781,688 1194,071 720,527 722,959 2375,221 580,952 388,615 .761,845 71+6,379 1925,51+6 U.S.Treasurer-general acct. 653,005 19,582 214,151 25,965 47,855 35,464 35,969 109,798 45,508 18,628 ' 56,549 22,991+ 1+2,71+2 Foreign 510,504 31,1+57 1/176,958 59,698 45,579 24,015 20,094 66,654 17,15^ 12,255 17,154 16,173 1+3,135 other 41+6,072 2,545 575,918 2,722 9,512 5,088 2,862 4,057 6,590 2,577 1,1+51+ 2,071 55,518 Total deposits 17,529,988 191 Ml 5,71+5,578 850,075 1296,815 785,094 779,884 2555,710 650,204 421,875 816,982 787,617 20l+4,7l+l Deferred availability items 2,078,065 175,571 569,910 156,824 181,540 191,199 152,847 558,251 103,061+ 49,900 101,731+ 9l+, 706 184,519 Other liabilities including accrued dividends 15,658 81)4 5,976 889 1,570 705 606 2,012 570 404 564 505 1,215 TOTAL LIABILITIES 45,752,289 2422,704 11,685,558 2625,930 3552,579 2635,825 2506,573 7405,507 1830,347 1061,087 1825,791 1460,418 491+7,120 Capital paid in 191,460 ' 11,170 67,358 14,208 18,715 8,070 7,305 22,801 6,513 4,208 6,535' 7,091 17,860 Surplus (Section 7) 459,825 27,557 T56,5!+9 5^,720 4l,59l+ 20,676 18,665 65,078 16,577 10,997 15,729 15,777 38,106 Surplus (Section 15b) 27,1+55 5,012 7,255 1+.1+39 1,007 3,325 762 1,1+29 521 1,073 1,137. 1,507 2,140 Other capital accounts 37,258 2,975 5,658 5,065 5,174 2,902 2,688 4,100 2,545 1,931 2,572 2,240 5,762 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+4,1+48,285 2467,4l6 11,900,556 2680,462 5616,869 2668,798 2555,989 71+96,715 1856,101 1079,51+6 1852 ,412 1484,355 5008,988 Contingent liability on bills purchased for foreign correspondents * 6,296 405 2/2,015 510 536 509 258 856 220 157 220 208 55l+ Commitments to make industrial loons 5,528 — — 967 1,599 85 27 55 2,200 — 450 167 F. R. notes outstanding 24,757,502 1476,964 ' 5,703,580 1685,556 2119,157 1710,751+ 11+09,353 4573,529 1111,1+1+1 602,556 925,555 597,240 2812,172 Collateral for F. R. notes held by F. R. Agents* Gold certificates 12,055,000 455,ooo 5,470,000 500,000 .545,000 690,000 590,000 5000,000 500,000 i84,ooo 230,000 169,000 1750,000 Eligible paper 114,575 15,605 1+0,178 15,250 — 7,637 — — 16,600 4,800 12,600 5,675 U. S. Govt, securities 15,530,177 1100,000 2,400,000 1200,000 1500,000 1055,000 350,000 1600,000 950,177 425,000 700,000 500,000 1500,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 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 diiys 6 months to 1 year years years 5 years Discounts and advances 175,716 159,255 17,1+91 ll+,692 2,500 Industrial loa.ns 1,699 1,158 • 5 5 55 29 53 108' 550 U. S. Govt, securities 21,760,261 5,569,265 3,083,555 4,476,209 5,336,505 905,603 3,366,551+ 520,4oo: 11+8,550 55h, 040 l/After deducting $555,269,000 participations of other Federal Reserve Bail's, "2*/After deducting $4,281,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis