H.4.1 Factors Affecting Reserve Balances of Depository Institutions

(Released for replication .Friday morning, March 5* 19^8) H.I4..I iarch k, 19hS 'CONDITION GO TUB FED3>^L lu^ERYL BANKS During £he week ended March 3 me Fiber bank reserve balances increased $753 ,.000,000. Additions to member bank reserves arose from decreases of $702,'000,030 'in Treasury deposits with federal Reserve Barnes and $30,000,000 in money in circulation and increases of $li.ji,000,000 in Reserve Bank credit, r 08,000,000 in gold stock;and $2,000,000 in Treasury currency, offset .%n part by Increases, of $126,000,000 in-n£nmember deposits sad orher Federal Reserve accounts ,and *'07*000,-000 iir-Treasury cash, 3zc3ss reserves of member banks on .March 3 were estimated to be ..approximately $1,070,0(0,000., Holdings of lotos, discounts and advances decreased $21,000,000 ,and United States Government'securities1increased $37*000,<00 The increase in # holdings of United. States Government securities reflects decreases of 3^9,000,000 in certificates and $12,000,000 in bills and increases of $51;, 000,000 in bonds'and'$'53,000,000 in notes. Changes in member bank reserve balances -and itelated- items during the weel md the year ended March 3, 19^8/ were as follows- Increase- or ;de'crease since Liarca J, February 25, March 5# 19^ 19U3 19147 (In millions of dollars) U. S # Government securities 21,071 + y\ -2,171 Loans, discounts and^ advances 2c2;- - 21 + 22 Other Reserve Bank credit 518 + 128 + 196 Total Reserve Bank credit 21,8-51 + •llik -1,953 Gold stock 23,036 + 8 +2,660 Treasury currency + 2 + 2 * member bank reserveObalanoes 17/552: + 753 +1,622 Money in circulation 26,02i| - 30 - 311 Treasury cash i,353- + 7 + ' 2 Treasury deposits Jwr'ith i'V K # Baoaks 95^ - 702 ,-' U53 Konmember deposits' and othar F # R # accounts 1,58U + 126 - 150 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STAtSL^ET OF C OIL IT I ON 0?' -THE'pvELVB' F^DS^VL ES33HVE -BAMS QafflBJED HJi.l(a) (In thousands of dollars) Increase or decrease since Larch J, February 25, March 5 # 19U0 _191J3_ 19*;7__ A S S B.,T,S Gold certificates 21,1141,170 +u5,ooo +2,770,995 Redemption fund for F. R notes 638,2p8 -Ul,82il ' - 15U, 97i+ # Total gold certificate reserves 21,779,3f78 + 3,159 +2,616,019 Other cash 372,68 5 + 14,805 + 39,200 Discounts and advances 25.7,66u j-21,^85 ' + 18,611 Industrial loans 14,708 + 3,727 T J J S U. 8. Govt, securities: Bills .9.270,911 -ll,9ii2 ^5,789,157 Certificates u,30ii,325 -57,558 -"2,679,593 Notes l,77li,6oo +52,.75P +1,33:0,300 Bonds 5,721,170 +5ia',l2Q +*u, 9$7,730 Total U» S« Government • Securities 21,071,296 +37,370 -2,170,670 Total loans ahd securities. 21,333,578 >16,2[|0 ,1148,332 Due from foreign banks 95 .,- - - 7 F. R # notes of other banks - l i c r \ 3 - , ^> d ,- i N j o / + 12,955 Uncollected items ' 2,760,773 •f ^48/4,1-1^6 Bank, premises 32,339 52 + 607 Other ..assets ; 1 r~ 0 on<> + 2,062 + 105,053 TOTAL ASSETS ^6,552,1^0 -15.U70 +1. .109.951 L I A B I L I Tl[ S S^ Federal Reserve-notes 2U,03^,368 -51,127 - 303,li0i Deposits: Member bank-reserve account .17,551,510 +752,250.. + 1, 621,996 U.S Treasurer-generalJaccount * # 955,950 .-702,025. ' -" 1; 53,237 Foreign ; 57.6,272 +129^,51.1 .+. I82,7ii3 Other ; uU6,6u5 - 3,710 - 26U,ooU Total deposits l9,532,i;07 +176,026 + 1, 087,i:-98 Deferred availability items '2,211.3,355 -163,019 -*7 289,127 Other liabilities including ..accrued dividends .11;,817 830 + 3,561; TOTAL LIABILITIES' ., .. ^ h5,&li,9hl > 18,950 + 1, 076,788 C A P I T AL A: C C" 0 U .** T/S- \ Capital paid iii 1 197,517 '+ 133 + :;6,700 Surplus {Section 7) Uu8,i;n9 - - + -8,366 Surplus (Section 13b) 27,5^3 - - ? * -• 88 Other capital accounts .54,252 • 3,314.7 • +-• 1:8,009 TOTAL LIABILITIES AND CAPITAL ACCOUNTS u6,552,ul»8 - 15,1+70 '?!. •109*951 Ratio of gold certificate reserves to deposit and F, R. note liabilities cbmbined 50. $ 5.2% Contingent liability on bills purehased for foreign correspondents M36 51 14,593 Coimrdtments to, make . industrial,Joans 7,952 2*2 197 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Hj|.,l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH; 3, igkQ (In thousands pf dollars) A S S E TS Total Boston New York Phtla. Cleve Rich* Atlanta icago St.Louis Minn. Kans.Cy, Dallas SanFran. # Gold certificates 2l,il|i,i7o 7U3,6ll 6,85U,710 91*0,197 131*7,279 1020,1*58 10^,112 I4238,758 586,877 1*17,135 756,906 1*92,528 2688,599 Redemption fund for F.R notes 638,208 55,897 72,589 59.2U9 ." 7U,670 57,559 39,330" ,98,81*7 :;l*6,3l*0 22,71*1 35,306 25,862 U9>816 # Total gold certificate i,i«n mm 11.- in n 1 ., m i i i I.I i • u • • • m i in •• • i«. • n i • i i i • IIMII I W I «II • »j i n i i n i • i« • • f • ' i mi '"• 'mm »• »i" • •• reserves 21,779,378 799,508 6,927,299 999,U*6 11*21,9149 1078,017 1093,1*1*2 1*337,605 633,217 1*39,876 792,212 518,390 2738,1*17 Other cash Discounts and advances 372,685 39,052 7Q,92!i 21*, 738 37,377 21,711* 23,197 56,657 16,528 8,0i*6 li* s p8l* ll*,92l 1*5,1*1*7 257,661* 19,793 61,707 21,351 32,926 16,368 10,1*15 21;, 310 19,250 7,1*1*5 11,103 8,518 2li,li78 Industrial loans ? U.708 753 2ol* 1*6 3,705 U. 3 Govt, securities: # Bills 9,270,911 623,230 2,222,996 662,219 888,003 602,091 ii6U,779 1317,283 1*98,960 283,773 1*32,126 1*20, lh9 851*, 502 Certificates l*,30l*,525 289,367 l,032,li*8 307,1*72 1*12,671* 279,553 215,799 611,621 237,666 131,757 200,639 195,077 390,752 Uotes 1,771*, 600. 119,296 1*25,517 126,760 170,131 115,21*9 88,966 252,1U9 97,981 51*, 319 82,716 80,1*23 161,093 Bonds 5,721,170 381*, 600 1,371,833 1*08,663 51*8,1*89 371,556 286,819 812,910 315,8.83 175,119 266,669 259,278 519,351 Total U» S» Government securities 21,071,206 11*16,1*93 5,052,1*91*.1505,111* 2020/097 1368,itl*9 1056,363 2993,963 1150,1*90 61414,968 982,150 95I*,927 1925,698 Total loans and •; securities 21,333,578 11*36,286 5,Hl*,2qi 1527,2182053,227 I38i*,863 1070,1*83 3018,273 1169,71*0 652,1413- ;993,255" 963,1*1*5 1950,176 Due from foreign banks 95 6 l/ 31 8 9 '5 h * ' ' 13 3 .2 3 '3 8 F.R. notes of other banks .3.20,806 5,613 T9,733 ' 6,9l*2 6,877 20,052 13,591 15,561* 7,128 3,585' ~5,5l*3' l*,57l* ll,6oi* Uncollected items -2.760,773 221,296 611,828 176,1*10 278,81*9 211,073 168,61*5 1*29,531 112,366 59,850 li*0,707 1014,965 2145,253 Bank premises 32,839 1,231 8,202 3,171 1;,912 2,621; 1,553 3,050 1,961* 1,203 2,i*39 789 1,701 other assets 152,291; 10,323 35,762 10,1*79 Hi,883 9,920 7,729 21//62 8,681* l*,6o2 6,938 7,033 H*,179 TOTAL ASSETS 1*6,552,1*1*8 2513,315 12,787,980 271*8,1*12; 3818,083 2728,268 2378,61*1* 7882,1*55 19^9*^30 1169,577 1955,179 l6ll*,12o 5006,785 l/After deducting $61;, 000 participations of-other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.ii.l(c) STATEMENT OF CONDITION OF THE FEDERAL REoIilRVE BANKS ON MARCH 3, 19^8 LIA- B I L IT I S S (In thousands of dollars) total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 2k, 031,368 11432,072 5,522,671*: 161*1,335 2o8l*,999 1661,205 131*9,1*33 1*551,001 1105,162 617,31*2 931* ,1*1*1* 599,833 2531,868 Deposits-; Member bank-reserve acct. 17,551,540 753,598 5,71*3,571 820,772 1298,873 737,1*11* 751,611 2673,715 61*6,926 1*23,1490 823,1148 823,380 2055,01*2 U.S.Treasurer-general acct. 953,950 69,86ii 255,267 39,921* 92,980 73,835 61,1*1*0 130,1*91* 1*7,01*2 1*5,918 37,1*31* 39,350 60,1*02 ioreign 578,272 32,022 1/233,168 1*1,083 1*6,662 2i|.,853 20,795 68,979 18,259 12,680 17,752 17,21*5 1*1*, 771* Other 1*1*8,61*5 2,682 372,1*80 1,936 11,699 10,630 1,662 1,661 5,6ol* 2,078 2,51*5 792 31*,876 Total deposits 19,532,1*07 858,166 6,604,480 903,715 H*50,2ll4 81*6,732 835,508 287l*,8l*9 717,831 l*8l*,l66 880,879 880,767 2195,091* Deferred availability items 2,21*3,355 175,71*1 1*32,639 11*3,861 2114,059 179,526 161,955 355,822 98,721 1*8,266 112,169 106,6214 213,972 Other liabilities including accrued dividends ii*,817 906 3,5l4J* • 892 _ 1,749 8OI4 61*3 2,1432 636 .51*2 606 736 1,327 TOTAL LIABILITIES 1*5,8214,9147 21466,885 12,563,3143 2689,803 3751,021 2691,267 23147,539 7781*,lol* 1922,350 1150,31,6 1928,098 1587,960 1*91*2,261 Capital paid in 197,517 11,301 69,017: 114,525 18,930 8,381 7,697 2l4,0l*l* 6,1*81 l*,-353 6,683 7,585 18,520 Surplus (Section 7) 1*1*8,189 28,117 138.596 35,350 1*2,173 21,210 19,110 66,217 16,972 11,233 16,148 lit, 111 38,952 Surplus (Section 13b) 27,51*3 3,011 7,319 4,489 1,006 3,^49 762 1,1*29 521 1,073 1,137 1,307 2,140 Other capital accounts 5l*,252 1*,001 9,705 4,21*5 1*,955 It, 061 3,536 6,661 5,306 2,602 3,113 3,157 1*,912 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 46,552,4482513,315 12,737,980 27148,1412 3818,083 2728,26s 2378,61*14 7882,455 1949,630 1169,577 1955,179 l6il*,l2o 5006,785 Contingent liability on bills purchased for foreign correspondents 4,936 511 2/1,580 400 1*51* 2I42 202 671 11778a. 123 117733 168 1*31* Commitments to make industrial loans 7,952 1,064 1,579 139 359 31*1* 580 3,750 137 F. R. notes outstanding 21*, 900,535 1507,239 5,752,339 1693,31*1 2166,275 1721,950 1392,927 1*61*3,797 111*7.397 635,856 954,663 626,964 2657,787 Collateral for F. R. notes held by F. R. Agents I Gold certificates 13,219,000 1*1*0,000 4,1*70,000 550,000 735,000 625,000 675,000 2760,000 315,000 200,000 280,000 169,000 2000,000 Eligible paper 82,371 10,860 16,11*1 9,865 - - 9,320 14,145 3,900 6,140 - - 12,000 U. S. Govt, securities 12,700,000 1100,000 1>500,000 1200,000 1500,000 1150,000 750,000 1900,000 950,000 1*50,000 700,000 500,000 1000,000 MATURITY DISTRIBUTION OF LOAISAND SECURITIES Within 16 to 31 to 61 to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 257,661* 119,716 1*2,630 72,058 23,150 90 20 Industrial loans 1*,708 4,1*59 21 23 21 U48 . I4 12 20 U. S. Govt, securities 21,071,206 2,816,530 1,889,643 2,'546,606 2,601,761 3,084,118 2,711*, 817 1*18,109 4,999,622 l/ After deducting $344,896,000 participations of other Federal Reserve Banks. 2/ After deducting $3,356,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis