H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVEISTORS OP THE FEE2S/JL, RESERVE SYSTEM H.l+.l (For Immediate Release) March 2i+, 192*9 CONDITION OP THS FEDERAL ASSJSIWE BUSKS During the week ended March 23*member bank reserve balances decreased $576*000,000, Reductions in member bank reserves resulted from increases of $814.1,000,000 in Treasury deposits with Federal Reserve Banks and $3,000,000 in Treasury cash, offset in part by increases of 0I6I+,000,000 in Reserve Bank credit and $2,000,000 in gold stock and decreases of §77,000,000 in money in circulation and $2i|,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on March 23 were estimated to be approximately $730,000,000. Holdings of loans, discounts and advances increased $165,000,000 and of United States Government securities $175#000,000 The increase in holdings of # United States Government securities reflects increases of $11^8,000,000 in certifi cates, $130,000,000 in bills and $27,000,000 in notes and a decrease of $130,000,000 in bonds. Changes in member bank reserve balances and related items during the week and the year ended March 23 $ 19h9 $ were as follows: Increase or decrease since Inarch 23, March 16, March 2k, 19L& 19U9 I9I48 (in millions of dollars) U. S» Government securities 21,675 +175 +1 ,068 Loans, discounts and advances 595 +165 + lk5 Other Reserve Bank credit 21+3 -175 - 129 Total Reserve Bank credit 22,512 +161+ +1 ,083 Gold stock 2i^,307 + 2 +1 ,172 Treasury currency 1,538 -- + 31 Member bank reserve balances 19,360 -576 +2 ,1+90 Money in circulation 27,423 - 77 - i+28 Treasury cash 1,327 + 3 - 9 Treasury deposits with P. R. Banks 1,1+32 +81+1 - 26 Nonmember deposits and other P. R* accounts 1,866 - 21+ + 259 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BAJiKS COMBI13ED H.2+.l(a) (in thousands of dollars) Increase or decrease since Mar. 23, liar. 16, Mar. 21*, 19U9 191*9 191*8 A S S E TS Gold certificates 22,2+56,2+30 + 13,001 +1,222,260 Redemption fund for F. R. notes 612,82? - 21,013 Total gold certificate reserves 23,069,257" + 12,055 +1,201,247 Other cash 333,838 - 9,8 57 - 19,158 Discounts and advances 593,875 +l62+,389 + 11*6,728 Industrial loans 766 Ik 2,381 U. S. Govt, securities: Bills 5,217,793 +130,2+2+0 -3,577.108 Certificates 6,631,769 +1148,000 +2,253,591* Notes 367,550 + 26,500 -1, las, 650 Bonds 9,1 '57,950 -129,750 +3,805,092 Total U . S. Government securities 21,675,062 +175,190 +1,067,928 Total loans and securities 22,269,703 +339,593 +1,212,275 Due from foreign banks 1*9 1+6 F. R. notes of other banks 120,212 + 2,71*2 + 1*,092 Uncollected items 2,683,173 -59l*,l*3l* - 18 3,029 Bank premises 32,173 7 657 Other assets 152,367 + 2,935 + 18,927 TOTAL ASSETS 2*8,660,822 -21+6,923 +2,233,651 L I A B I L I T I ES Federal Reserve notes 23,377,339 -71,908 - 2+53,837 Deposits: Member bank-reserve account 19.360,339 -575.7U* +2,2,90,242*9 U. S. Treasurer-general account 1.1*31.550 +81*0,079 26,520 Foreign 707,1*1*6 - 32,31*3 + 196,775 Other li89.056 + 1,613 - 18,2+08 Total deposits 21,938,391" +233,605 +2,62*2,296" Deferred availability items -1*19,125 - 5l*,19l* 2,1^0,532 Other liabilities including accrued dividends 16,837 li,l69 622+ TOTAL LIABILITIES Iff .823,149 -253,259 +2,132+, 88 9 C A P I T AL A C C O U N TS Capital paid in 20U.221 + 6,2+72+ Surplus (Section 7) l*66,7ll + 18,522 Surplus (Section 13b) 27,51*3 Other capital accounts 139,198 .• 6,324, + ,73,766 TOTAL UABILITIES AND CAPITAL ACCOUNTS 2*8,660,822 -22+6,923 +2,233,651 Ratio of gold certificate reserves to deposit and F. R, note liabilities combined 50.9% Contingent liability on acceptances purchased for foreign correspondents l*,7l*0 25I* 500 Commitments to make industrial loans 2,523 61* 5,361* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

11.14.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 25, I9I+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+56,1+50 71+5,588 7,157,388 1152,258 1633,871 loi+1+,7114 1020,891+ 1+377,1+1+1 61+8,737 1+26,061 308,002 626,1892836,957 Redemption fund for F- R- ROtes 612,627 52,950 50,1+1+7 58,585 73,955 53,91+1+ 1+5,562 10l+,908 1^,377 22,925 55,357 26,555 1+5,536 Total gold certificate reserved 25,069,257 796,553 7,208,555 1190,61+5 1707,326 1098,658 1061+, 256 1+1+32,51+9 695,161+ 14+8,981+ 81+5,359 652,51+22882,323 other cash 335,833 56,127 56,627 25,205 29,556 20,01+1 26,220 1+7,568 15,1+73 11,211 ll,7H 11,955 l+J+,591 Discounts and advances 593,375 ll+,571 506,020 17,336 26,076 22,285 2l+,159 100,882 15,651 15,1+21+ 20,896 9,955 22,112 Industrial loans 766 717 l\$ — U. S. Govt, securities* Bills 5,217,795 51+6,231 1,257,001 355,1+21+ 1+81,2l+l 35l+,968 279,758 778,581+ 231,932 168,916 252,575 225,695 1+75,588 Certificates 6,631,769 1+57,513 1,571,662 1+51,71+2 611,656 1+25,739 355,550 989,572 358,395 2l!+,690 320,765 286,857 587,628 K°tes 367,550 25,556 87,106 25,037 33,399 23,596 19,705 5l+,8l+5 19,863 11,899 17,778 15,898 32,568 Bonds 9,1+57,950 652,1+35 2,21+1,1+1+0 614+,257 872,316 607,172 507,069 11+11,287 511,126 506,182 1+57,1+62 1+09,101+ 858,050 Total U.S.Government securities 21,675,062 1I+.81,635 5,157,209 ll+76,l+6o 1999,112 1591,^75 1162,062 323!+,288 1171,366 701,687 101+8,380 937,551+ 1955,351+ Total loans and securities 22,269,705 ll+96,2o6 5,1+1+3,229 ll+95,063 2025,188 11+15,809 1186,201 5555,170 1186,997 715,ill 1069,276 91+7,507 1955,91+6 Due from foreign banks h-9 3 l/ l6 1+ 1+ 2 2 7 2 1 2 2 1+ F.R.notes of other banks 120,212 i+,591 12,625 l+,2l6 6,170 25,271 15,203 ll+,17l+ 9,017 l+,802 l+,322 l+,397 15,126 Uncollected items 2,635,175 202,150 1+35,058 179,500 25l+,603 21+1,1+61+ 211,312 388,051 118,731+ 75,525 11+7,572 155,529 21+9,865 Bank premises 52,175 1,176 7,997 5,056 l+,855 2,51+2 1,561 5,178 1,955 1,172 2,568 7l+9 1,626 other assets 152,567 10,61+8 55,689 9,988 ll+,106 9,667 8,181+ 22,822 8,532 l+,868 7,2l+6 6,569 15,998 TOTAL ASSETS 1+8,660,822 251+7,019 13,21+7,571+ 2905,1+53 1+01+2,288 2811,1+51+ 2512,939 8293,099 2035,957 1259,671+ 2086,836 1757,250 5163,279 l/ After deducting $33,000 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 23, 191*9 (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. '.K ans.Cy. Dallas SanFran, Federal Reserve notes 23,377,389 1360,oL*6 5,353,619 1616,563 2095,898 1569,139 1285.61*5 1*1*91,030 1098,128 616,61*5 918,367 594,861* 2357,1*1*5 Deposits 1 Member bank-reserve acct # 19,360,339 818,590 6,308,038 918,1*25 H*o6,l65 828,955 871,811; 293i;,2i*3 691,903 1*68,1*20 890,929 917,521* 2305,333 U.S.Treasurer-general acct.i^ji^c^o 60,971; 276,738 90,271; 16U,555 102,969 70,019 301,530 61,006 61,361 76,865 61,315 103,91*1* Foreign 707,1*1*6 UU.251 1/226,958 56,192 64,68! 3l*,l*18 28,798 96,931 25,286 17,560 25,286 21*, 581* 62,561 Other 1*39,056 2,721 ' 1*21,726 1,866 5,610 2i300_ 1^520 3,61*1* 5,090 2,29l* 5,931 1*28 51;, 926 Total deposits 21,988,391 926,536 7,233,1;60 1066,757 l6Uo,95i 969,61*2 972,151 3336,31*8 783,285 51*9.635 999,011 1003,851 2506,761* Deferred availability items 2,UUo,532 186,001 1*03,621 155,082 226,859 227,817 217,676 31*8,1*38 118,876 70,260 136,1*28 126,731 222,71*3 Other liabilities including accrued dividends 16,837 818 6,679 777 1,537 75^ 61*3 2,232 563 1*76 537 620 1,201 TOTAL LIABILITIES 1*7,823,11*9 21*93,1*01 12,997,379 2839,179 3965,21*5 2767,352 21*76,115 8178,01*8 2000,852 1237,016 205l*,3l*3 1726,066 5088,153 Capital paid in 2d; ,221 11,1*98 69,670 11;, 868 19,205 8,909 8,ol*l 25,830 6,75u U.530 7,183 8,119 19,611* Surplus (Section 7) 1;66,7H 29,31*7 Jl*3,0l9 36,701; 1*3,968 22,1*17 20,028 68,8)42 17,971* 11,797 17,008 11**951* 1*0,653 Surplus (Section 13b) 27,51*3 3,011 7,319 1*,1*89 1,006 3,31*9 762 1,1*29 521 1,073 1,137 1,507 2,11*0 Other capital accounts 139,198 9,762 30,187 10,213 12,861; 9,1*27 7,995 18,950 7,856 5,258 7,165 6,801; 12,719 TOT^L LIABILITIES AND CAPITAL ACCOUNTS 1*8,660,822 251*7,019 13,21*7,571* 2905,1*53 1*01*2,288 2811,1*51; 2512,939 8293,099 2033,957 1259,671* 2086,836 1757,250 5163,279 Contingent liability on acceptances purchased for foreign correspondent s i,,7ii0 298 2/ 1,1*99 379 1*36 232 19U 65I* 171 118 171 166 1*22 Commitments to make indust rial loans 2,523 10 89 1,945 133 21*1* 9 ~ — — 93 F.R. notes outstanding 2kM,9hl 11*33,211 5,511;,329 1668,386 217k,652 1623,005 131*1,051; 1*581,792 1138,1*96 632,1*25 91*2,719 625,31*1 21*69,537 Collateral for F.R. notes held by F.R.Agents: Gold certificates 13,201;, 000 1*1* 0,000 1*,670,000 550,000 71*5,000 625,000 575,000 2610,000 315,000 210,000 280,000 181*, 000 2000,000 Eligible paper 326,078 1*,935 257,688 5,650 ll*»190 10,125 9,600 15,390 .. 6,500 U.S.Govt, securities 12,100,000 1100,000 1,000*000 1200,000 1500,000 1050,000 850*000 2000,000 950 OOO 1*50,000 700,000 500,000 800,000 a 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 30 days 60 days 90 days 6 months to 1 year years yea rs 5 years Discounts and advances 593,875 l*3l*.l*33 1*,795 27,836 118,761 8,050 — -- — Industrial loans 766 685 — 2 52 7 16 1* „- U.S.Govt, securities 21,675,062 1,283,010 723,128 1,369,81*2 2 ,822,806 2,621,579 3,131,1*97 367,550 1,935,100 7,1*20,550 l/ After deducting $i|80,li!|2 000 participations of other Federal Reserve Banks© # 2/ After deducting $3*21*1,000 participations of other Federal Reserve Banks # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis