H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for publication Friday morning, June 27; not earlier) H.U.I June 26, I9J47 CONDITION OF THE FEDERAL RESERVE BAMS During the week ended, June 25 member bank reserve^ balances decreased $l60,000,000*- Reductions in member bank, reserves arose from increases of $1|17,000,000 in Treasury deposits with Federal Reserve Banks and $(62,000,000 in nonmeiriber deposits and other Federal Reserve accounts? and a decrease of $8,000,000 in Treasury currency, offset in part by.increases of $260,000,000 in Reserve Bank credit and $5.1,000,000' in gold -stoclc and decreases, of $12,000,000 in money in cir culation and $1|,000,000 in Treasury cash. Excess reserves of member banks on June 25 were estimated to be approximately $730,000,000. Holdings of loans, discounts and advances showed little change for the week. Holdings of United States *Govarnme^it securities increased $396,000,000, reflecting a like increase in bills. Changes in member bank reserve balances and related items during the week and the year ended June 25, l9l*7> were as follows • : Increase or decrease since June 25, • June 18, June 26, I9I1T I9I47 19^6 (In millions of dollars) U. S. Government securities 21, , 582 + 396 -1,803 Loans, discounts and advances * 13]4 — -. 98 Other Reserve Bank credit 31*1 - 136. - 27 Total Reserve Bank credit 22, .057 + 260 -1 ,929 Gold stock 21, ,17U + 51 + 905 Treasury currency h, .553 - 8 + 1U Member bank reserve balances 16., 081 _ 160 + 171 Money in circulation 28, ,183 _- 12 + J48 Treasury cash L .329 - ' h - 933 Treasury deposits with F. R. Banks 61|2 + hn - 328 Nonmember deposits and other F.R. accounts 1;, 551 + 62 + 32 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

•H J|.l(K f STATEMENT OF CONDITION OF THE TWELVE' FEDERAL "RESERVE* BANKS COMBINED (In thousands of dollars) Increase or decrease since Julie 25, June 18, June 26, 19U7 19U7 19U6 A S S E TS Gold certificates 19,22 179 + 1*8,003 +1,887,1214 9> Redemption fund for F # R # notes 709,921+ 318 - 51,055 Total gold certificate reserves 19,939,103 + 1*7,685 +1,836,069 Other cash 239,9315 + 9,885 - 39,691 Discounts and advances 132,363 398 98,880 Industrial loans 1,77-3 + 67 + 581; Acceptances purchased - 18,173 U. S Govt, securities3 # Bills Hi,383,001 +396,290 - 16,2U5 Certificates 6,102,266 - 380,101; Notes 369,300 -1,378,900 Bonds 727,390 - 27,900 Total U, S. Government securities ?1,581,957 +396,290 -1,803,11*9 Total Joans 'a*ifl securities 21,716,093 ••395.959 -1,919,618 Due .from foreign banks 102 + 18 F. R* notes of other banks 100,8J43 • 2,858 - 18,952 Uncollected items 2,U9U,030 -511,55li + 308,618 Bank premises 31,990 • . " 16 976 Other assets - 1,012 2,188 • lj.6,158 TOTAL ASSETS 61,911 :+ 163,280 1*1*, 570,231* L I A B I L I T I ES Federal Reserve notes 2j*,o61*,35l* - 3,718 26,132 Depositsj Member bank - reserve account 16,080,585 -160,395 + 170,823 U f S t Treasurer-general account 61*1,816 +I|17,2l46 - 327,721 Forej gn 1*05,187 + 99,722 - 113,929 Other 509,579 - 1*1,788 + 78,332 Total deposits 17,637,167 +3114,785 •- 192,1*95 Deferred availability items 2,152,821^ -375,870 + 317,1*95 Other liabilities including accrued dividends 16,1*59 + .1,71*2 + 690 TOTAL LIABILITIES 143,870, ROli - 63,061 + 99,558 C A P I T AL A C C O U N TS Capital paid in 191,788 + 92 + 8,928 Surplus (Section 7) 1*39*823 + 81,1*68 Surplus (Section ljb) 27,1455 + 27 Other capital accounts 140,361; l_.liP58 26,701 TOTAL LIABILITIES-AND CAPITAL ACCOUNTS 1*1*. 570,231* - 61,911 + .163,280 Ratio of gold certificate reserves ; to deposit and F R note # # liabilities combined 1*7.3# .3•a? . l*.6fo Contingent liability on bills purchased for foreign correspondents 5,917 73 5,917 Commitments to make industrial loans 7,022 110 1,538 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 .JUNE 25, 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 19,229', 179 757,296 5,901,288 8lU,852 11146,771 92a,487 912,537 1+447,889 552,69Q 3>9,457- 59^,898• 453,488 2373,526. Redemption fund for F. R. notes 7Q9.92U- .54,187 114,560 59.752 74,650 5u,527 U5,652 81,053 45,515 .21,209 53,2,55 24,291 103,540 Total gold certificate reserves 19,939,103 811,483 6,015,648 874,584:122l,li01 979,014-956,1694528,947 598,205 370,666 628,153 477,769 2kTi,066 Other cash 239,955 20,521 48,025 14,713 20,483 13,766 20,752 51,169 13,155 5,722 9,597 10,491.- 3l,7li.3 Discounts and advances 152,563 9.601 31,518 8,913 15,513 13,255 6,071 5,036 9,855 10,218 12,934 751 8,720 Industrial loans 1,773 9 — 1,761; - U. S. Govt, securities: Bills 14,383,001 9ul,304 3,471,812 1121,783 1500,294 966,725 793,079 1545,591 721,869 433,790 710,844 579,722 1596,190 Certificates 6,102,266 1*20,057 1,560,522 U36,128 549,180 376,17k 313,713 814,629 314,816 174,467 283,432 272,399 586,749 Notes 369;300 25,421 94,440 26,394 35,256 22,766 18,985 49,300 19,052 10,559 17,153 16,485 35,509 Bonds 727,390. 50,071 186,011; 51,986 65,462 44,840 37,594 97.1QU 57.526 20.797 53,785 52.1i70 oQ.Qlil Total U.S.Government securities 21,501,957 11456,855 5,512,788 1656,291 2148,172 lit 10,505 1163,171 2506,621 1093^63 639,615 1045,214 901,0762288,589 t Total loans and securities 21,716,093 1446,463 5.544,306 1646,968 2163,685 11425,736 H69,2l;2 2511,660 1103,118 649,851 1058,148 901,827 2297,109 Due from foreign banks 102 6 1/33 8 : 9 5 k 1I4 h 5 : h 3 9 F.R.notes of other banks 100,843 .4,692 11,312 5,708 6,456 9.926 10,039 12,802 9,120 6,187 6,758 3,9u5 15,918 Uncollected items 2,4911,050 205,855 466,676 161,386 238,2 8 "243,581 161,810 350,741 111,379 62,227 146,651 99,515 245,961 4 Bank premises 51,990 1,275 8,567 5,112 3,803 2,651 1,505 3,037 1,992 1,227 • 2,491 781 1,751 Other assets US, 138 3,261 11,781* 2,931 4,579 2,975 2,619 6,542 2,765 1,552 2.109 2,169 5,052 TOTAL ASSETS 44,570/234 21193,354 11,906,l"5l 2709,410 3658,644 2675,654 2522,140 71444,912 1839,734 1097,2151853,911 11496,500 5072,609 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(o) STATEMENT OF CONDITION OP THE FEDS PAL RSSExVE BANKS OS JUKE 25, 1947 (In thousands of dollars) L I A B I L E S Total Boston 1\!GW York Phila. Clcvo. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Saru-'ran. FedJral Reserve notes 24,064,354 1451,163 5,543*152 1635,715 2079,449 1657,528 1361,734 4510,486 107.2,235 587,059 900,668 575,282 2689,883 Deposits; Member bank-reserve acct. 16,080,585 718,824 5,078,387 800,932 1208,663 694,1+03 706,239 2382,501 593,229 396,251 766,679 761,079 1973,598 U.S.Treasurer-general acct. 64l,8l6 55,321 123,270 1+4,61+1+ 51,150 64,748 1+3,721 94,245 27,977 28,016 28,389 29,537 50,298 Foreign 405,187 24,9-09 l/l4'l,153 31,436 36,095 19,017 15,912 52,782 13,584 9,705 15,584 12,807 34,207 ot*er 509,579 • 3,291 421,007 2,492 11,753 2,786 5,685 4,694 5,355 2 ,905 521 1,363 49,249 Total deposits 17,657,167 802,345 5,765,817 879,504 1307,639 780,954 769,557 2534,022 640,61+3 436,875 809,673 804,786" 2107,352 Deferred availability items 2,152,824 194,065 3 76,4.03 136,456 205,357 201,205 160,527 304,Oo7 100,51+8 54,299 117*18? 91,225 211,635 Other liabilities including accrued dividends 16,459 917 5,239 989 l,6ll 730 JL0 6 2,1+42 601+ 622 600 672 1,327 TOTAL LIABILITIES 43,370,804 21+48,490 11,688,611 2652,664 3594,056 261+0,1.17 2292,524 7351*017 1813,330 1078,855=1828,128 1471,965 5010,247 Capital paid in 191,788 11 ,174 67,360 14,209 13,722 8,092 7,343 22,973 6,318 4,223 6,395 7,105 17,874 Surplus (Section 7) 439,823 27,557 136,549 34,720 41,394 20,676 18,663 65,078 16,577 10,997 '15,729 13*777 58,106 Surplus (Section-13b) 27,455 3,012 7,253 4,439 1,00? 3,32 5 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts . 40,364 3,121 6,378 3,528 3,465 3,141+ 2,848 40+15 2,1+88 2,067 2,522 2,346 4,242 TOTAL LIABILITIES AND '?~ ' " [ CAPITAL ACCOUNTS 1+4,570,254 2493,354 11,906,151 2709,410 3653,61+4 2675,654 2322,140 7W+,912 1339,754 1097*215 1853,911 1496,500 5072,609 Contingent liability on bills purchased for foreign correspondents 5,917 379 2_/l,894 1+79 550 290 242 8O5 20? 148 207 195 521 Commitments to make industrial loan s 7,022 — — i,o45 1,524 81 27 52 400 5,750 165 F. R. notes outstanding 24,756,553 1482,194 5,698,895 1680,690 2128,385 1709,11+1+ 1399,191 4533,019 1106,843 601,823 921,092 608,288 2816,1+89 Collateral for F. R. notes held by F. ,ft. Agents; Gold certificates 11,998,000' 455,ooo 5,1+70,000 500,000 645,000 675,000 570,000 5000,000 500,000 i84,ooo 280,000 169,0001 750,000 Eligible paper ; 32,552 8,553 15,574 7,560 — 12,415 — ' — 9,270 9,800 12,350 7*250 U. S. Govt, securities 13,587,367 1100,000 2,400,00c 1200,000 1500,000 1055,000 850,000 1600,000 957,367 425,000 700,000 500,0001 300,000 MATURITY DISTRIBUTION OF LOANS AID SECURITIES Within 16 to 51 to 6l to 91 days to 6 months l 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 152,565 108 ,859 4,014 2,755 5,955 10,800 Industrial loans • 1,775 1,216 3 34 3 26 53 108 330 U. S. Govt, securities 21,581,957 4,018,252 2,022,008 4,445,568 5,775,622 851,203 3,43-3,53^ 295,400 148,350 542,040 l/ After deducting $263,908,000 participations of other Federal Reserve Barks. 2/ After deducting $4,023,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis