H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDEBAL RESERVE SYSTEM (Relee^-ed for Publication Friday mdrning, April 30,19^8) H.lul April 29, I9I18 CONDITION OF THE FEDERAL RESERVE BANKS Duri&g the we^k Prided Apijil 28 member bank reserve balances increased $198,000,000. *j Additions to^ember :bank reserve;3 .arose -from, decreases* of r $963,000,000 in^Treasury(deposits with Federal Reserve Banks.* $58,000,000 in nonmember deposit^ and other Federal"'Resifrve accounts, $36,000,000 in money in cir culation £nd $10,000,000. in Treasury casht and increases of * $8,000,000 in gold stock and,$l4,0p6;000 i© Treasury .currency, offset' in part by a decrease of $1^,000,000 ipj Reserve Bank credit* Excess reserves of" member banks on April 28 were estimated; to'be approximateiyj $880,00(3,000. Eold'irf.gS: of loans, discounts- and advances increased $23,000,000 and United States, Gdvej-nmerit securitieis increased $1*6,000,000. The increase-in hold ings of tfnltecl States Government securities reflects increases of, $161,000,000 in bonds, 422;000,,00O! in notes and $5*000,000 in certificates and a decrease of ,$1^2,000,000 in bills. ' ' : " CJiang^s''"dn member .bank reserve balances and related items during the week and the year ended, April ,28,19I1.8, .Were as follows; ' ' Increase or decrease Since April 28, April, 21, April 30, 19U8 I9I48 ' 191+7 (Jn millions. ;of dotlars) LF. S. Government securities 20,UiO + h6 -1 .U17 Loans, discounts,"and advances 261 + 25 + 135 Other.Reserve Bank credit 251' » 83 + 29 Total Reserve Bank credit 20,952 w. 1U -1 ,253 Gold*stodk 23,167 + 8 +2, 393 treasury;currehc^ U.561. + h —- Member bank Reserve balances 17,QU5 + I98 +1 ,217 Money in circulation 27,682 - 36 - U32 Treasury cash - 1,326 - 10 - 3 Treasury deposits with F, R« Ban^s 1,1.35 !- 98 + 566 Nonmeiriber deposits, and other'" F;Ri,acc<nints lM - 58 - 209 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

:§]$TfSffi$F OF CONDITION^. , OF OTB;^/EI^;FEDERAL JRESiarVE BAMS-:CQM.BlMSff lUifi(a) (.Jn*thousands of dollar?) : Increase or. decrease since April 28, April 2J., April JO, 19U8 19^6 I9ll7 ' . A S S E TS ^——.„ i s Goll certificates 21,279,170 + 20,0:0d +2,U63,99U Redemption fund for #iR note's , -Q3"Q,395 - 3033 - 90,939 t Total gold certificate reserves 2^,909,565 + 16,867 +2,373,055 Other cash 333,672 - 2,03ll + 1*7,611 Discounts and advances 258,725 + ••25,335 + 133,561 Industrial loans 2,J1|6 ^•2,233 + 1,037 U. S^ Govt, '"securities% Bills 3,1140,201 -iiii.,950 -6,960,352 Certificates • a,259,5U3 + .'4,85b -1,391,675 Notes 1,953,700 + 21,900 +1,603,900 Bonds .6,031;,!; 67 '-+160,812 +5031,077 Total U« S, Government • securities 20,1439,911 I5,612 -1,1; 17,050 Total loans and securities . 20, tO0,782 * 68,769 -1,282,1; 52 Due from f >•> e »'•» l ••" o • ign- •» banks •"•' ••"i ' 914 ''ll 8 F, R* notes of other banks 110,799 --'' %% •+ 10,21; 5 Uncollected items 2,312,181.4 --335577,,3355UU •+; .-2^8,680 Bank premises 32,689 OOBB •:+ s 60I4. Other assets • ,l5u,-3J2 ++ ffoollffffii __ .:'+ .110,7148 TOTAL ASSETS k3,7Uhj5T --226677,,555588.. +1,508,1;85 L I A B I-L I T I E S Federal Reserve notes; 23,62l| o55 •'-' h2M^< - 398,207 i; Deposits j IvLonber bank-re serve account 17,;Oli3,29l4 ++119977,,997711 +1,217,582 II.f.»«Treasurer-general aCQ ©u#t* I,185,3li6 -- 9977,,663366 + 'c;>66,lio6 Foreign •386,766 ''-- 3355**ii77««99--'' - 165,760 Other !1{69,270 -: 3,U86 Tota v l deposits'' .19^0811,676 ++ ..UU55,,220099 +.1,611;, 822 Deferred availability items 2', 2 61,090 --??77ttii,,660088 + 219,601 Other liabilities including' accrued 'dividends • l?,l453' •+-N... Ol7 + 07714 TOTAL LIABILITIES . l4U',98^27l; , -271; lis +l,iiU0,990 0 A P I T-Vl/ 1C Q„'0 # 14 I S PBoital paid in 1 19.7;, 990. - . +•". • ?8' .+ 6,7l4l : ree-lus (Section 70 hlid; I89-* + 8,366 To plus (Section ljb) , .2:0 5ie + 88 Other capital" accounts'' + 3,532 + 52,298 TOTAL LIABILITIES !AND:; CAPITAli' AC(fQUK$$ • 10,71414,157-. ••-257;, 558 +1,508,1483 Ratio of gold certificate reserves tc deposit and-F,R^ "no<te liabilities combined %.% •—•' l4.2fo Contingent liability on bills purchased for foreign correspondents '3,38l4 > 133 14,656 Commitments to ina|ce industrial loans J-,726 + ... l uU7 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.i*.l(b) * STATEMENT' OF CONDITION OP THE FEDERAL RESERVE BAMS ON APRIL 28, I9U8 (In thousands of dollars) A-S S E TS "Total. Bpsto^ -New York:.., Phi la* Cleve..; Ri'ch. Atlanta Chicago St, Louis Minn. ~KansCy. Dallas Sar?Fran« f Gold certificates 21,279,170 808,18© 6,718,561 1017,656 11*11,950 "IOO9M3 1063,951 1|227,U7 585,553 >26,i*88 756,935 ^8,6^1 275k,287 Redemption fund for S ». : : ' -M '- - - ; F. R. notes ;:=630,395; #5,176 69,259 58,6lU 73,731 5li,>32li 38,563 102,790 146*066 22,619 55,090. 25,61*7 1*9,116 Total gold certificate , ' ^"sserve? ' 21^909,565 863,364 6,787,82o 1075,670 lli85,68l lo6u,067 H02,5lli 4330^207 631^19 449.107 792,025- 524,288 2803,403 Other cash '323,672 39,568 62,72o 17.117 35,143 19,599 20,983 43,787 15*671 7,477 10,558 10,657 42,392 Discounts:-and advances 258,?25^ 21,909 85,659 18,158 26,554 15.857 &«453 26,303 H*,6c8 3,800. 12,133 6,507 18,724 Industrial, loans 2,11*6 1+71 2ll* ' 46 1,1*15 — - ^- -«- —••? U. S, Govt,, securities; Bilis 8,11*0,201 547,217 1,951,874 581,454 780,1*01 528,657 408,093 1156,625 1*1*9,1*1*5 21*9,163 379.423 368,906 738,943 certificates 4,259,543 286,344 1,021,361 304,259 408,362 276,631 213,51*1* 605,230 235,182 130,381 l?C-,5*J2 193,039 386,668 Kotes ' ' 1,955,700 151,1*70 1*63,91*2 139.696 187,493 127,011 98,01*5 277,881 107,980 59,862 91,157 88,630 177,533 BondS 6,084.1*67 1*09.022 1,1*58,946 1*54,613 583,518 595,150 305,032 861*,530 -335,942 186,239 283,605 275,71*2 552.330 Total U.S. Government securities; 20,1*39.911 1374,053 .4,901,123 ,11*60,022 1959.574 1327.1*1*9 I024,71i* 2 Q1*,266 1128,549 625,61*5 952,725 926,317 1855,471* 9 Total loans and * ~ ' * TecuritieT" _- ? 20,700,782 1395,962 1*,966,782 ii*78,651 1986,31*2 1343,352 1034.582 2930,569 1143,217 629,1*1*5 964,858 932,821*1874,198 Due from, foreign banks 9I, 6 l/ 30 8 9 5 1* 13 3 2 3 3 8 F.R. notes of other banks 110,799 '4*21*3 -17,057- 5,287 • 6*078- ll*,782 10,392 ll*,056 8,1*1*2 3,636 6,630 1*,973 15,223 Uncollected items 2,512,184 210,810 1*96,765 158,1*70 21*1,553 198,625 186,518 383.700 107,979 53,341 136,022 118,885 211*.516 Bank premises 32,689 1,222- • -8>189 3-,132 • 4,888 2,610 -1,546 3/057 1,961 1,198 2,1*33 785 1,688 Other assets 15l*.372 10,1*1*9 -36.396. 10,666 ll*,932 10,504 7,758 21,861 8,81*8 1*,743 7,205 7,006 llt.20lt TOTAL ASSETS 1*5,744,157 2525,621* .12,595,759 271*9,001 3774,626,2653,341* 2361*,297 7727,230.1915..5UO 1153,949 1919*734.1599,421 1*965,632 l/After deducting $6i*,000 participations of other Federal Reserve1Banks^ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(c) STATEMEN': OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 28, I9I4.8 L I A B I L I T I ES (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas SanFrasu Federal Reserve notes 25,621*, 055 1^20,898 5,1*21,102 1620,726 2058,179 1610,91*5 1516,266 1*508,670 1079,607 608,855 913,868 587,602 21*77,561 Depositss Member bank-reserve acct, 17,01*5,29!* 715,1*1*1* 5,57U,HO 805,822 1279,^15 717,299 71*5,196 2525,918 615,751 1*08,059: 782,655 799,611,2078,056 U.S.Treasurer-general acct.3185,5l+6 115,221* 195,927 91+.535 lll*,l+lo 80,51*5 72,161 199,506 68,755 53,281*. .•59.083 61,1*1*5 72,1*77 Foreign 586,766 22,862 l/lii0,659 29,506 55,286 17,728 lit, 851* 1*9,205 13,025 9,01*5- .:. 12,665 12,501 51,872 Other 1|69,270 2,61*2 "1*06,575 l,9& 7,962 5,256 553 2,115 5,055 1,732 195 510 3h,713 Total deposits I9,08l*,676 85l|,172 6,317.21*9 929,627 11*55,071 820,826 830,71+1+ 2776,71*!*- 702.581* l*72,ioo 85U,596 875,865 2217,098 Deferred availability items2,2.61,090 201,ll*l 1*21,522 156,890 209,672 181,729 185,91+5 536,586 105,659 52,505 122.oil* 109,660 202,567 Other liabilities including accrued dividends 17,1+55 4,017 l*i621, 1,087 1,870 9i*l* 79li 2,866 775 51+9 667 788 1,1+75 TOTAL LIABILITIES l|li,987»27l* 21477,228712,16^,291*, 2638,550 570l*,792 26l!*,i*l*2 2551,71*9 762l*,666 1886,625 1153,787 .1891,11*5 1571,915 1+898,301 Capital paid in 197.990 - 11,307 69,131 11*, 51*5 18,957 8,1*55 7,721* 21*. 095 6,503 i+,365 6,772 7,612 18,550 Surplus (Section 7) 1*1*8,189 s : 28,117 138>596 55*550.. 1*2,175 21,210 19,H0 66,217 16,972 11,255 16,11*8 Hi,111 58,952 Surplus (Section 15b) 27,51*3 ' 5,011- 7,319 1*,1*8"9 1,006 5,51+9 762 1,1+29 521 1,075 1,137 1,507 2,11*0 Other capital accounts 85,161 ; 5,961. -. l6,ltl9 6.2§9 7,698 5,908 1+.952 10,825 1+.919 3,1*93 1+.532 1*,!*76 7,689 TOTAL LIABILITIES AND CAPITAL ACCOUNTS l*5,7i*l*il57 2525,621* 12,595,759 271*9.001.5771*.626 2653,31*1* 236^,297 7727,250 1915.&0 1153,91+9. I?l9.73i+ 1599,1+21 1*965,632 Contingent liability on bills purchased for foreign correspondents 5»38l* . 215 2/1,085 27!* 511 166 159 1*60 122 85 118 115 298 Commitments to make industrial loans 7,726 75 1,598 1,510 126 16 31+1 580 3,750 130 F.R.notes outstanding 21**1*75,201 11*77,005 .5,657,025 1662,260 211*5,677 1675,258 1565,176 l*58i*,5l9 1125,112 652,593 91+2,611* 619,1*61* 2590,720 Collateral for. F.R.notes held by F.R.Agents? Gold certificates 15,159,000 i*6o,ooo l*,l*70^ooo 550,000 735,000 625,000 675,000 2630,000 315,000 200,000 280,000 169,000 2050,000 Eligible paper ';" 85,091+. -12^85 55,761* 6,170 — 8,505 J— ,'9;3liO - 100- "« 6,930 T-- 5,700 U.S.Govt, securities 12,750,000 1100,000 1,500,000 1200,000 1500,000 1100,000 -750,000 2000,000 950,000 1*50,000 700,000 500,000 1000,000 LiATURITY DISTRIBUTION OF LOANS AND SECURITIES V/ithin 16 to 51 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 and advances 258,725 119,515 15,851* 1*5,502 80,012 19 Industrial loans 2,11*6 1,951 21 21 157 h 12 20 U.S.Govt, securities 20,1*59,911 ,556,593 1,1*79,102 3,113,502 1*,957,H+1+ 2,232,1*17 1,175,700 885,1+68 5,081,985 l/After deducting $21|6,02l*,000 participations of ether Federal Reserve Banks. 2"""/ After deducting $2,301,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis