H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U*1 (For Immediate Release) March 31, 191$ CONDITION OF THE FEDERAL RESERVE BAMS During the week ended March 30 member bank reserve balances decreased 3ljl,000,000» Reductions in member bank reserves resulted from an increase of 2ij,6000,000 in Treasury deposits with Federal Reserve Banks and a decrease of f 13il,000,000 in Reserve Bank credit, offset in part by decreases of 20,000,000 in money in circulation, '7,000,000 in Treasury cash, and >5f000,000 in nonmember deposits and other Federal Reserve accounts and by increases of ,14,000,000 in gold stock and -)3>000,000 in Treasury currency* Excess reserves of member banks on Karch 30 were estimated to be approximately ,;i.k50,000,000. Holdings of loans, discounts and advances decreased "296,000,000, while holdings of United States Government securities increased '153*000,000* The in crease in holdings of United States Government securities reflects increases of '235,000,000 in certificates, "63,000,000 in bills, and 17,000,000 in notes and a decrease of 181,000,000 in bonds* Changes in member bank reserve balances and related items during the week and the year ended March 30, 19^9 were as follows: Increase or decrease since March 30, March 23, March 31, 19li9 19i)9 19U8 (in millions of dollars) U» S« Government securities 21,828 +153 + 9I4I Loans, discounts and advances 299 -296 - 135 Other Reserve Bank credit 251 + 8 - 36 Total Reserve Bank credit 22,378 -13k + 771 Gold stock 2^,311 + h Treasury currency 1+.591 • 3 + 32 Fember bank reserve balances 19,019 -3I4I +2,380 Money in circulation 27,l4>3 - 20 - 378 Treasury cash 1,320 - 7 5 Treasury deposits with F* R# Banks +2U6 1,678 - 29k Nonmember deposits and other F« R* accounts 1,861 - 5 + 27k Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

$?ATEMEWT OF CONDITION Hi*l(a) OF THE TWELVE FEiDERAL RESERVE BANKS COMBINED t f (in thousands of dollars) Increase or decrease since Mar. 30, F&r. 23, Ifer. 31, 191+9 191+9 191+8 A S S E TS i Gold certificates 22,1+66,1+29 + 9,999 +1,237,259 Redemption fund for F» R# notes 610,220 - 2,607 - 38,621 Total gold certificate reserves "+ 7,392 +1,1987^38" Other cash *"'"" 3l-0,229 + 6,3i+l - 19,326 Discounts and advances 298,116 -295.759 - 131,8142 Industrial loans 761 5 3,021+ tU S« Govt, securities: Bills 5,300,319 + 82,526 -3,550,782 Certificates 6,866,979 +235,210 +2,385,801+ Notes 38l+,6oo + 17,050 -1,1+98,800 Bonds 9,276,500 *181,1+50 .+3,605,123_ Total U« S» Government securities 21,828,398 +153,336 + 9l+l,3l;5 Total loans and securities 22,127,275 -11+2,1+26 + 806.I+79 Due from foreign banks 1+9 1+6 F. R* notes of other banks 119,672 51+0 667 Uncollected items -227,552 - 28lj,00l+ 2,1+55.591 Bank premises 36 607 32,137 Other assets + l+,l+56 + 19,1+55 156,823 TOTAL ASSETS lj8,308,1+25 -352,397 +1,719,922 L I A B I L I T T B S Federal Reserve notes 23,356,796 - 20,593 - 1+10,61+6 Deposits: Member bank^reserve account 19,018,563 -31+1,776 +2,379,81+1+ TJ «S .Treasurer-general account 1,678,21+1 +21+6,691 - 293,365 Foreign 69l+,208 - 13,238 + 208,680 Other 1+96,210 J_ 7,15k - 17,563 Total deposits 21,887,222' -101,169 +2,2777596 Deferred availability items 2,20l+,926 -235,606 - 2li8,13l+ Other liabilities including accrued dividends 15,002 - , i|835- ^ 925 TOTAL INABILITIES 1+7,1+63,91+6' -359,203 +1,617,691 C A P! T A h A C C O U N TS Capital paid in ~-~~—~ " 20l+,250 29 6,1+83 Surplus (Section 7) 1+66,711 18,522 Surplus (Section l^b) 27,51+3 Other capital accounts ,, U*S2L5. + 6,777 ._+ 77.226 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+8,3087125 -352,397 +1,719,922 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 51.0?S .1^ M Contingent liability on acceptances purchased for foreign correspondents 1^,992 252 858 Commitments to make industrial loans 2,512 11 5.188 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.1+. 1(b) STATEMENT OF CONDITION OP THE FEDERAL RESERVE BANKS ON MARCH 50, 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+66.1+29 768,625 7,175,180 1167,625 170l+,001 1058,760 1030,^98 1+228,661+ 65l+,958 1+27,071+ 796,518 619,221 2837,527 Redemption fund for F. R. notes 610,220 52,359 1+9,907 58,11+6 75,808 52,91+5 1+5,270 lQl+,729 l+l+,52l+ 22,900 55,789 26,306 1+5,257 Total gold certificate reserves 23,076,61^9 821,1+614. 7,223,037 1225,769 1777,809 1111,705 1073,968 1)355,595 699,262 1+1+9,91k 852,107 61+5,527 2832,581+ other cash 51+0,229 55,585 67,815 21,511 51,61+1+ 19,378 25,977 !+5,lt56 16,565 10,59!+ 12,215 12,091 1+5,120 Discounts and advances 293,116 17,91+1 100,1+10 17,71+6 22,116 26,165 7,285 52,952 7,5l+l 6,0?1+ 15,171 10,053 li+,862 Industrial loans 7ol 71I4. Lfl —- U. S. Govt, securities: Bills 5,500,519 559,936 1,256,558 56l,ol£ 1+88,855 51+0,266 281+,l63 790,897 286,1*1+2 171,587 256,367 229,265 h9h,890 Certificates 6,366,979 1+73,759 1,627,1+05 i+67,765 635,51+3 1+1+0,81+0 568,159 l02l+,670 571,106 222,505 552,11+2 297,051 608,1+69 Notes 581+,6oo 26,553 91,11+6 26,198 35,1+72 2l+,690 20,620 57,389 20,781+ 12,1+51 18,602 16,636 3i+,o?9 Bonds 9,276,500 659,967 2,198,1+58 631,897 355,531 595,525 1+97,51+1 1331+.211 501,521 500,508 1+1+3,636 1+01,255 821,972 Total U.S.Government securities 21,828,598 li+80,225 5,175,51+7 li+86,905 2015,25!+ 11+01,519 1170,285 5257,167 1179.655 706,651 1055,797 9kh, 137 1959,1+10 Total loans and securities 22,127,275 ll+98,l66 5.275.957 1505,565 2055,370 li+27,531 1177,568 5510,119 1186,991+ 712,725 1070,968 95l+,2l+0 197l+,27^ Due from foreign banks 1+9 3 l/ 16 1+ 1+ 2 2 7 2 1 2 2 1+ F.R.notes'of other banks 119,672 l+,12l+ 12,599 5,872 6,221 2l+,i+S8 15,020 li+,766 7,871 1+,718 1+.965 i+,750 16,280 Uncollected items 2,1+55,591 190,11+7 502,068 170,251 250,250 228,566 163,262 372,667 103,895 56,696 117,271 108,860 211,658 Bank premises 32,157 1,171 7,997 5,056 1+.825 2,556 1,556 5,180 1,930 1,169 2,368 71+9 1,620 other assets 156,823 10,871+ 57,101 10,509 ll+,552 10,097 8,562 25,185 8,785 l+,999 7,1+98 6,?l+6 U+,317 TOTAL ASSETS 1*8,503,1+25 2559,53'+ 15,12l+,6!+0 29l£,117 1+100,675 282l+,803 21+63,715 8102,751 2025,101+ 121+0,876 201+7,390 1732,965 511+5,355 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(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 50, 191*9 (In thousands of dollars) L I A B I L I T I ES Total Boston N w York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. e Federal Reserve notes 25,556,796 1580,686 5,556,5u6 l6li*,539 2089,805 1567,606 1287,387 14*81,755 1095,678 615,115 910,762 595,838 2555,279 Deposits: Member bank-reserve acct. 19,018,565 808,529 6,1UU,567 925,680 11*18,278 811,796 835,3o6 2865,529 687,1*52 167,757 876,666 886,685 2292,920 U.S.Treasurer-general acct. 1,678,21*1 90,1*76 503,659 128,565 232,800 152,320 107,516 209,359 77,173 63,901 83,622* 91,665 157,1*05 Foreign 69k,208 li3,092i/226,305 51,720 62,928 33,516 28,01*1* 9l*,392 22*».62U 17,100 21*,621* 23,91*0 60,925 Other 1*96,210 2,575 1*35,996 2,1*98 5,159 2,069 515 2,262 i*,70i* 2,597 6,905 529 32,603 Total deposits 21,887,222 9i*U,l*70 7,108,507 1111,265 1719,165 999,701 969,381 5171,51*2 793,953 55U155 991,819 1002,817 2523,81*9 Deferred availability items 2,20l|,926 179,529 l*0l*,202 11*6,669 212,1*17 212,11*8 169,06!* 531,15U 101,375 51,259 105,372 102,11*1* 191,615 Other liabilities including accrued dividends 15,002 866 5,960 890 1,605 806 69I1 2,1*32 627 1*85 621* 685 1,528 TOTAL LIABILITIES 1*7,1*65,91*6 2505,551 12,872,815 2875,561 1*022,992 2780,261 21*26,526 7986,683 1991,631 1217,991* 2oil*,577 1701,1*81* 5070,071 Capital pa id in 2ol*,250 11,1*98 69,670 11*, 869 19,208 8,909 8,01*1* 25,831* 6,75U 1*,530 7,181* 8,121 19,629 Surplus (Section 7) 1*66,711 29,3^7 11*3,019 36,701* 1*3,968 22,1*17 20,028 68,81*2 17,971; 11,797 17,008 l!*,95l* 1*0,653 Surplus (S e ction 13b) 27,51*5 3,011 7,319 1*,1*89 1,006 3,51*9 762 1,1*29 521 1,075 1,157 1,507 2,11*0 Other capital accounts 11*5,975 10,127 31,817 10,69!; 13,501 9,867 8,355 19,963 8,221* 5,1*82 7,i*8l* 7,099 15,562 TOTAL LIABILITIES AND CAPITAL ACC OUHTS 1*8,508,1*25 2559,53k 13,121*,61*0 291*0,117 1*100,675 2821*,805 21*63,715 8102,751 2025,101* 121*0,876 2d*7,390 1732,965 51U5,855 Contingent liability on acceptances purchased for foreign correspondent; s U,992 315 2/ 1,576 399 1*59 21*5 205 689 180 125 180 175 1*1*1* loans 2,512 92 1,91*5 129 21*1* 9 — — — — 95 F,R. notes outstanding 21*, 108,171* 11*56,877 5,505,907 1666,786 2169,50!* 1619,912 1558,658 i*571,!;75 Hl;2,765 650,650 91*2,696 625,751 21*61,257 Collateral for F.R notes # held by F.R.Agents: Gold certificates 15,179,000 1*1*0,000 1*,670,000 550,000 71*5,000 625,000 575,000 2585,000 515,000 210,000 280,000 18!*,000 2000,000 Eligible paper 98,825 8,305 51*558 5,510 — 18,670 - - 1,855 2,250 9,665 l#25o U.S.Govt, securities 12,075,000 1100,000 1,000,000 1200,000 1500,000 1025,000 850,000 2000,000 950,000 1*50,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 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 298,116 159,578 5,500 102,198 53,oI*o Industrial loans 761 682 2 51 7 15 U.S. Govt, securities 21,828,598 1,178,269 560,271 11,,771177,,228866 2,863,1*93 2,621,579 3,328,700 381*,600 1,935,100 7,239,100 l/ After deducting $1*67,856,000 participations of other Federal Reserve Banks e 2/ After deducting $5,1*16,000 participations of othe; Federal Reserve Banks B Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis