H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF G0T/ERN0R!§ OP THE FEDERAL RESERVE SYSTEM H.lwl (For Immediate Release) March 10* 19i|9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 9 member bank reserve balances decreased .;260,000,000, Reductions in member bank reserves resulted from a decrease of ,;.!ll9,000,000 in Reserve Bank credit and an increase of '20,000,000 in money in circulation, offset in part by decreases of s>l66,000,000 in Treasury deposits with Federal Reserve Banks and 07*000,000 in nonmember deposits and other Federal Reserve accounts and an increase of ,;»5,000,000 in gold stock. Excess reserves of member banks on March 9 were estimated to be approximately -5600,000,000• Holdings of loans, discounts and advances decreased .>38,000,000 and of United States Government securities -$08,000,000* The decrease in holdinfs of United States Government securities reflects decreases of ;;176,000,000 in bills, )131,000,000 in bonds, and ;6,000,000 in notes and an increase of '£,000,000 in certificates• Changes in member bank reserve balances and related items during the week and the year ended March 9* 19^9, were as follows: Increase or decrease since March 9, March 2, March 10, 1949 19li9 19*48 (in millions of dollars) U» S« Government securities 21,529 -3 08 + 851 Loans, discounts and advances 20i4 - 38 - 96 Other Reserve Bank credit 270 - 72 - 78 Total Reserve Bank credit 22,003 -I4I9 + 677 Gold stock 2^,295 + 5 +1 ,212 Treasury currency i+,587 — + 28 Member bank reserve balances 19,l£k -260 +2 ,058 Money in circulation 27,577 + 20 - il29 Treasury cash 1,320 ... - 11 Treasury deposits with F.R» Banks 711 -166 - ko Nonmember deposits and other F.R» accounts 1,85U - 7 + 3h0 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION ff.iui(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED fin thousands of dollars) Increase or decrease since Mar. 9, Mar. 2, Mar. 10, 19J+9 19/+9 19k8 A S S E TS Gold certificates 22,1^3^28 + li, 99k +l,2kk,258 Redemption fund for F. R» notes 6l^77ii - 3,l6o - 23,326 Total gold certificate reserves 23,Qi4-7,202 1,8 3k +1,220,932 Other cash 3li7,002* - 10,781 8,270 Discounts and advances 202,961 - 38,739 - 9k,838 Industrial loans 755 10 1,336 V• S. Govt* securities: Bills 5,017,503 -176,1+07 -3,896,858 Certificates 6,1*33.769 + 5,000 +2,202,7kk lotes - 6,000 -l,k31,O50 31+1,050 Bonds -130,950 +3,976,6kl 9,736,777 Total U, S, Government securities 21,529,099 -308,357 + 851,k77 Total loans and securities 21,732,815 -3^7,106 + 755,303 Due from foreign banks k9 k6 F» R, notes of other banks + 5,008 119, *81 Uncollected items - 93,259 2,396,736 Bank premises k 656 32,183 Other assets + 3,ko6 + 17,ijk8 172,263 TOTAL ASSETS k7,8ii7,633 -61i8,329 +l,896,k6o L I A B I L I T I ES Federal Reserve notes 23,527,71k + 3,891 - k63,02k Deposits : Member bank-reserve account 19,k23,7k3 -260,725 +2,057,k95 TuS.Treasurer-general account 710,823 -16c,90k - 39,719 Foreign 7kk,9kk - 5,373 + 266,8kl Other k77,6l6 - k,66i 1,298 Total deposits 21,357,126 -k36,663 +2,285,319 Deferred availability items 2,l26,5k3 -222,569 - 15,536 Other liabilities including accrued dividends 11,832 _+ ^25_ J! 5,179 TOTAL LIABILITIES k7,023,215 +1,803,580 C A P I T AL A C C O U N TS -65k,916 Capital paid in 203,5k0 + 5,867 Surplus (Section 7) k66,7ii + 18,522 Surplus (Section 13b) 60 27,5k3 Other capital accounts 126,62k _+ 68,k91 TOTAL LIABILITIES AND CAPITAL ACCOUNTS k7,8k7,633 -6^,329 +l,896,k6o 6,527 Ratio of gold certificate reserves to deposit and F# R, note liabilities combined M .Wo Contingent liability on acceptances purchased for foreign correspondents 3,63k 71 1,203 Commitments to make industrial loans 2,612 981 5,30k Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.i+.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 9, 191+9 (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 22,1+53,1+28 738,558 7,51*0,651 1116,591 l57l+,520 1055,900 1005,807 1+516,781 670,555 1+10,1+51 782,1+85 635,11+5 2810,208 Redemption fund for F. R. notes 615,771+ 55,090 51,lol 58,627 7l+,ll+0 55,029 1+5,502 105,091+ U+,l+6l 22,951 55,876 26,591 1+5,512 Total gold certificate reserves 25,01+7,202 791,61+8 7,591,752 1175,218 l61+8,66o 1086,929 101+7,509 1*1+21,875 7ll+,796 1+33,1+02 818,359 661,531+2855,720 other cash 5^7,001+ 57,61+1+ 60,852 2l+,226 51,052 20,975 25,1+56 51,551+ 15,525 12,951+ 11,555 11,986 1+5,689 Discounts and advances 202,961 11,776 57,560 16,155 20,361+ 8,563 6,850 2l+,351 6,81+7 5,555 15,522 5,820 23,6l8 Industrial loans 755 7O9 j^£ - U* S. Govt, securities; Bills 5,017,503 3J+5.280 1,189,531+ 31+1,780 1+62,768 522,109 269,000 71+8,699 271,157 162,1+53 21+2,687 217,031 1+1+5,025 -Certificates 6,1+35,769 1+1+5,855 l,52l+,759 108,256 595,392 1+15,029 3bh,93k 960,027 5^7,691+ 208,280 511,188 278,293 570,081+ Hotes 5U,050 25,528 80,825 25,252 31 ,JL+55 21,391+ 18,285 50,891 18,1+51 ll,ol+l 16,1+96 ll+,752 50,220 Bonds 9,756,777 671,721 2,507,519 663,21+9 898,051+ 625,072 522,017 11+52,895 526,195 515,209 1+70,91+9 1+21,161+ 862,755 Total V,S+Government securities 21,529,099 ll+8l+,582 5,102,617 ll+66,517 1985,61+9 1582,101+ 11514,236 3212,510 1163,1+77 696,963 loi+1,320 931,21+0 1908,081+ Total loans and securities 21,732,315 11+96,158 5,160,177 ll+35,56l 2006,015 1590,715 1161,086 5256,861 1170,521+ 702,518 1056,81+2 957,o6o 1951,702 Due from foreign banks [$ 3 1 / 16 1+ 1+ 2 2 7 2 1 2 Z 1+ F.R.notes of other banks 119,381 i+,7ll 12,351 3,58l 5,086 28,595 18,081 15,650 7,506 5,079 I+,2l6 l+,950 12,057 Uncollected items 2,596,756 181,382 1+15,152 162,255 218,578 215,595 188,91+7 585,261+ 109,527 62,066 11+0,255 110,1+67 208,-792 Bank premises 52,185 1,176 7,996 5,01+2 l+,8i+0 2,5l+2 1,561 5,178 1,955 1,172 2,568 lh9 1,626 Other assets 172.263 11.971+ 1+0,560 11,383 15.693 11,139 9.286 25,797 9,720 5,1+1+9 8,216 7,335 15,711 TOTAL ASSETS 1+7,31+7,635 2525,196 15,086,816 2862,868 5929,906 2756,1+81+ 21+1+9,708 8158,166 2028,935 1222,621 201+1,591 l75l+,065 5071,281 l/ After deducting $55,000 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 MARCH 9, 191*9 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Cieve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,527,711; 1385,591 5.562,376 1629,018 2108,620 1591,601 1291,59** 1*511,307 1108,812 620,531 927,691; 601,919 2588,851 Deposits} Member bank-reserve acct, 19,1*25,71*5 820,110 6,291,76!; 910,851; U#2,353 81*1,21*0 868,556 2988,629 715,ll*0 1*67,389 905.011 927,701; 2267,213 U.S.Treasurer-general acct. 710,823 1*8, 111* 163,208 61,556 50,059 58,716 1*8,782 88,271 57,519 58,182 56,591* 1*1*, 085 55,757 ForeiSn 7UU,9Ui U6.0U7 1/21*1*,9]*!* 58,1*72 67,21*3 55,811; 29,967 100,861; 26,512 18,275 26,512 25,582 65,111; 0ther 1*77,616 2,095 1*10,350 1,3U9 5,81*5 U.810 963 2,2?9 5,781; 1,518 1*,665 1*31* 57.5U6 Total deposits 21,357,126 916,366 7,110,2116 1032,191 151*5.500 920,580 91*8,068 3180,01*3 781;,755 525,362 970,580 997,805 21*25,630 Deferred availability iteios 2,126,51*3 169,71*8 565,957 135.51*3 198,711 200,361 175,51*2 551,705 102,1*50 5l*,022 110,916 105,21*5 182,365 Other liabilities including accrued dividends 11,832 729 3,055 73U 1,195 665 553 1,919 513 1*56 1*96 1*62 1,075 TOTAL LIABILITIES 1*7,023,215 21*72,1*31* 12,859,611* 2797,1*86 385l*,o26 2715,207 21*15,557 8021*,97I* 1996,510 1200,571 2009,686 1703,1*29 1*997,921 Capital paid in 203,51*0 11,1*98 69,657 H*,865 19,225 8,890 8,0l*0 25,820 6,71*8 1*,528 7,182 8,115 18,976 ^urpius (Section 7) 1*66,711 29,31*7 11*3.019 56,701* 1*5,968 22,1*17 20,028 68,81*2 17,971* 11,797 17,008 ll*,95i* 1*0,655 Surplus (Section 13b) 27,51*3 3,011 7,519 U,l*89 1,006 3»3l*9 762 1,1*29 521 1,075 1,157 1,507 2,11*0 Other capital accounts 126,621* 8,906 27,207 9,521* 11,685 8,621 7,521 17,101 7,180 1*,852 6,578 6,260 11,591 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*7,81*7,653 2525,196 13,086,816 2862,868 3929,906 2756,1*8!* 21*1*9,708 8138,166 2028,955 1222,621 201*1,591 173l*,063 5071,281 Contingent liability on acceptances purchased for foreign correspondents 3,63!* 229 2/l,ll*8 29I 33U 178 ll*9 502 151 91 151 127 525 Commitments to make industrial ~ l°ans 2,612 21* 109 1,91*5 159 281 21 95 *.h. notes outstanding 21*,268,558 ll*l*l,578 5,526,555 1679,500 2181,8o2 161*0,1*00 131*1*.230 1*599,525 111*7.210 635,559 91*9,1*21* 652,518 21*90,899 Collateral for r. R. notes held by F.R.Agentss Gold certificates 13.231*,000 1*1*0,000 1*,670,000 550,000 71*5.000 625,000 575.000 261*0,000 315,000 210,000 280,000 18!*,000 2000,000 „ Q6P i! iaper .*. 38'558 2'200 7'978 3,975 — l,H5 1,375 1,755 10,050 — 10,090 u.b.uovt. securities 12,100,000 1100,000 1,000,000 1200,000 1500,000 1050,000 850,000 2000,000 950,000 1*50,000 700,000 500,000 800,000 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 and advances 202,961 1*6,1*89 5,068 17,870 125,267 8,267 Industrial loans 755 _. 50 7 15 1* 6?? 2 Wfe.Govt. securities 21,529,099 1,1*78,710 786,71*8 1,250,092 2,1*00,61*6 2,725,939 2,955,1*97 51*1,050 i,861*,o65 7,770,551* l/ After deducting $1*99,956,000 participations of other Federal Reserve Banks. 2/ After deducting $2,1*86,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis