H.4.1 Factors Affecting Reserve Balances of Depository Institutions

;B0ARD OF 'GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for friblication Friday morning, June 20; not earlier) H.U.I June 19, I9I4.7 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 18 member bank reserve balances increased $213,000,000. Additions to member bank reserves arose from decreases of $270,000,000 in treasury deposits with Federal Reserve Banks, $58,000,000 in money in circulation and $29,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $97,000,000 in gold stock, offset in part by a de crease of $2ij.3,000,000 in Reserve Bank credit. Excess reserves of member banks on June 18 were estimated to be approximately $860,000,000. Holdings of loans;, discounts and advances decreased $1*3*000,000 and of United States Government securities $392,000,000. The latter change reflects*a like decrease in bills. Changes in member bank reserve balances and related items during the week and the year ended June 18, 19U7, were as follows: IXiCreg.se. or decrease since June 18, June 11, June 19, 19U7 19U7 : 19^6 (In millions 'of dollars) U. S. Government securities 21,186 - 392 -1,505 Loans, discounts and advances - h3 - 119 Other Reserve Bank credit 1*77 + . 192 - 3k Total Reserve Bank credit 21,797 - 21*3 -1,657 Gold stock 21,123 + 97 + 851 Treasury currency <)4,56l + 25 Member bank reserve balances I6,2i;l + 213 + 325 Money in circulation 28,195 - 53 + 79 Treasury cash 1.333 + 1 - 927 Treasury deposits with F. R. Banks - 270 - 19U Nonmember deposits and other F.R.accounts IJ489 - 29 - 62 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H ii.l(a) f STATEMENT OF CONDITION - OF THE .TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since June 18, June 11, June 19, 19^7 19U7 19^6 A S S E TS Gold certificates 19,181,176 +111,^98 +1,827,116 Redemption fund for F R. notes 710,21*2 - 2,175 - M, 793 t Total geld certificate reserves 19,891,1*18 +109,325 +1,785,323 Other cash 250,050 + 675 - 53,29!* Discounts and advances 132,761 - U2,029 - 118,198 Industrial loans 1,706 56 + kh6 Acceptances purchased 15,118 U. S. Govt, securitiesj Bills .13,986,711 -592,657 + 152,1*97 Certificates 6,102,266 - 250,6ol* Notes -1,578,900 369,300 Bonds 27,900 . 727,390 Total U«S Government f j ^ ; s e c u r es 21,185,667 •592,657 '-l,5pl*,907 Total loans and securities , 2i,52o,13li" -1*31*, 71*2 -1,658,077 Due from foreign banks 102 + 18 F R. notes of other banks * : 103,701 + 3,360 - . 16,666 t Uncollected items 3,005,581* +701,171 + 281*, 1*91 Bank premises 32,006 999 Other assets 1*9,150 - 2,o6l + 561 TOTAL ASSETS 1*1*, 652, Hi 5 +577,726' +" '561,157 L I A B I L I T I ES Federal Reserve notes 21*, 068,072 - 1*2,168. - : 9,619 Depositsj Member bank - reserve account 16,2140,980 +215,198 + 521*, 597 U.S.Treasurer-general account 221*, 570 -270,750 - 19^,522 Foreign .505, U65 -125,209 - 21*6,660 Other + 92,601' + 118,961 551,367 Total deposits 17,322,582 - 90,11*0 + 2,576 Deferred availability items +508,868 + 305/502 2,528,691* Other liabilities including accrued dividends 11*, 717 - 76 1*71* TOTAL LIABILITIES 1*5,933,865 +576,1*81* + 296,755 C A P I T AL A C C 0 U N T S Capital paid in 191,696 197 .+ 9.051* Surplus (Section 7) 1*59,825 + 81,1*68. Surplus (Section 13b) 27,1*55 + 27 Other capital accounts 59,306 i,ol*5 - 26,125 TOTAL LIABILITIES.' AND CAPITAL ACCOUNTS 1*1*, 632,11*5 +37.7,726 + 361,157 Ratio of gold certificate reserves to deposit: and F,R. note liabilities combined 1*8, lfo h.k Contingent liability on bills purchased for foreign correspondents 5,990 - 82 + 5,990 Commitments to make industrial loans 6,912 + 36 + 1,516 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

11.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH JUNE 18, l^kl (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 19,181,176 722,178 6,147,874 799,945 1112,986 864,906 861,975 4557,272 ,549,129 525,704 567,503 456,1912457,715 Redemption fund for F. R* notes 710,242 54,544 114,899 59,937 7^,797 55,246 45,775 81,211 45,550 21,228 33,287 24,509. 103.659 Total gold certificate reserves 19,891,1*18 776,522 6,262,773 859,880 1187,733 918,152 905,750 4458,485 594,679 544,952 600,590 460,500 2541,574 Other cash 230,050 21,478 116,692 Hi,560 18,542 12,656 21,606 30,033 11,963 5,976 9,535 10,251* 26,755 Discounts and advances 132,761 10,401 21,345 7,899 30,9lii 9,128 8,49^ 3,307 12,203 8,613 11,407 909 7,6m Industrial loans 1,706 12 1,6911 U S Govt, securities: # # Bills 13,986,711 960,217 3,298,101 1068,177 llili0,30li 976,559 795,950 1489,945 6^5,391 455,487 714,462 564,666, 1549,472 Certificates 6,102,266 1*20,057 1,560,522 436,128 549,180 376,174 313,713 814,629 514,816 174,467 283,432 272,399 586, 1,9 Notes 369,300 25,421 94,44o 26,394 33,236 22,766 18,985- 49,300 ^19,052 10,559 17,153 16,485 35,509 Bonds 727,390 50,071 186,014 51,986 65,462 44,84o 37,394 37,io4 57,526 20,797 53,735 32,470 69,9^1 Total U.S. Government securities 21,185,667 1455,766 5,139,077 1582,685 2088,182 3420,359 1164,022 2450,978 1066,785 641,510 }048,852 886,020 2241,671 Total loans and securities 21,320,134 1466,179 5,160,422 1592,278 2119,096 1429,467 1172,516 2454,785 1078,988 649,925 1060,259 886,929 2249,512 Due from foreign banks 102 b l/33 8 9 5 h Ik h 3 4 3 9 F.R. notes of other banks 103,701 l*,37li 13",295 5,755 6,609 10,227 13,53k 1U.20U 6,907 1*,088 7,061 3,574 11;, 073 Uncollected items 3,005,581* 232,21*3 598,863 209,971; 289,322 275,808 188,686 1*58,21*3 13U.793 78,854 0i*i*,5O8 120,107 27I*, 123 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*9,150 . 5,281* 11,396 2,854 . 1*,385 2,81*8 2,588 6,671 2,712 1,298 2,01*3 2,108 4,963 TOTAL ASSETS 1*1*,632,11*5 2507,359 12,101,81*1 2688,429 3629,-51*9 2651,874 2306/192 7405,1*70 1832,037-1086',301 1826,471 11*84,256.5112,366 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 JUNE 18, 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 24,068,072 11+45,955 5,545,101+ 1631,1+06 2072,763 1654,311+ 1363,960 1+508,838 1074,253 588,026 903,872 576,917 2706,666 Deposits; Member bank-reserve acct. 16,21+0,980 780,088 5,066,940 802,337 1210,755 711,959 710,261+ 2392,436 392,428 1+03,656 760,294 763,263 2046,560 U-S.Treasurer-general acct. 22l+,570 81+9 217,723 468 500 517 558 1+52 559 i ,080 » 515 563 788 Foreign 305,1+65 19,502 1/100,999 24,34.0 27,947 14,725 12,320 i+0,868 10,518 7,515 10,518 9,917 26,1+98 Other 551,367 2,211+ 1+72,920 2,81+1 11,934 2,01+6 4,21+6 >,302 5,953 2,623 1,152 965 59,191 Total deposits 17,322,582 802,455 5,858,582 829,986 1251,136 729,21+7 727,338 2439,058 609,1+38 1+14,872 772,477 774,708 2113,037 Deferred availability items 2,528,691+ 215,235 1+78,348 169 ,.'464 239,707 232,410 I84.671 561,61+7 121,951 64,663 123,859 107,521 229,220 Other liabilities including accrued dividends ll+,717 873 4,495 912 1,1+56 762 6I+3 -2,11+6 56I+ 422. 569 613 1,262 TOTAL LIABILITIES 45,955,865 2462,512 11,884,529 2631,768 5565,062 2616,753 2276,662 7311,689 1306,206 1067,985 1800,777 1459,759 5050,185 Capital paid in 191,696 11,171 67,554 14,209 18,716 8,078 7,316 22,9o7 6,318 4,213 6,391 7,102 17,861 Surplus (Section 7) 459,823 27,557 156,549 54,720 41,594 20,676 13,663 65,078 16,577 10,997 15 ,729 L3,777 38,106 Surplus (Section 15b) 27,455 5,012 7,255 4,489 1,007 5,325 762 1,429 521 1,075 1,157 1,307 2,i4o Other capital accounts 39,506 5,107 6,156 5,245 5,570 3,062 2,789 4,307 2,415 2,055 2,457 2,311 4,074 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,652,145 2507,559 12,101,841 2688,429 3629,549 2651,874 2306,192 7405,470 1832,037 1086,301 1826,471 11+84,256 5112,366 Contingent liability on bills purchased for foreign correspondents 5,990 335 2/1,917 435 557 295 >45 315 210 150 210 198 527 Commitments to make industrial loans 6,912 956 1,524 3C 27 5; 400 '5,750 16* F. a. notes outstanding 24,754,391 1476,556 5,698,434 1680,657 2125,390 1706,476 11+01,012 4585,903 1107,299 603,261 924,290 609,507 2315,626 Collateral for F. R. notes held by F. R. agents; Gold certificates 12,103,000 455,000 3,470,000 500,000 645,000 680,000 570,000 3000,000 300,000 184,000 230,000 169,000 1350,000 Eligible paper 71,245 8,035 15,505 5,915 — 7,612 •• — — 11,31 45 8,000 10,550 5,435 U. S. Govt, securities 13,577,550 1100,000 2,400,000 1200,000 1500,000 1055,000 850,000 1600,000 947,550 425,000 700,000 500,000 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 sr.nd advances 152,761 111,439 15,172 3,310 2,790 Industrial loans 1,706 1,143 28 10 29 55 103 330 U. S. GoAjrt. securities 21,135,667 -5,359,530 2,106,034 4,354,692 5,584,884 851,203 3,433,554 295,4oo 148,350 542,040 l/ After deducting $2G4,340,000partfcipations of other Federal Reserve Banks, 2/ After deducting $l+,075,OOOparticipations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis