H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H«i+.l (For Immediate Release) April 7> 19M9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 6 member bank reserve balances increased s>292,000,000. Additions to member bank reserves resulted from decreases of )562,000,000 in Treasury deposits with Federal Reserve Banks and $1,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of l;6,000,000 in gold stock, offset in part by increases of till,000,000 in money in circulation and '9,000,000 in Treasury cash and a decrease of ^235,000,000 in Reserve Bank credit* Excess reserves of member banks on April 6 were estimated to be approximately '720,000,000• Holdings of loans, discounts and advances decreased )85,000,Q00, and of United States Government securities -231,000,000* The decrease in holdings of United States Government securities reflects decreases of ,$126,000,000 in bills and il25,000,000 in bonds, and an increase of ,20,000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year ended April 6, 19l|9 were as follows: Increase or decrease since April 6, March 3°, April 7, 19U9 19U9 19l*8 (In millions of dollars) U« S. Government securities 21,597 -231 +1,120 Loans, discounts and advances 2ll+ - 85 50 Other Reserve Bank credit 333 + 82 - 10 Total Reserve Bank credit 22,lU3 -235 +1,058 Gold stock 2U.317 + 6 +1,170 Treasury currency i},59l + 33 Member bank reserve balances 19,311 +292 +2,14-06 Money in circulation 27,511+ +111 - 319 Treasury cash 1,329 + 9 - lu Treasury deposits with F« R. Banks 1,116 -562 Nonmember deposits and other F. R» accounts 1,780 - 81 + 196 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.i*.l(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Apr, 6, Mar. 50, Apr. 7, 19U9 191*9 19148 A S S E TS Gold certificates 22,k66,k31 + 2 +1,217,261 Redemption fund for F. R. notes 608,681+ - 1.536 - 27,961 Total gold certificate reserves 23,0757ll5~ •- 1,53k +1,189,300 Other cash 302,7Ok * 37,525 - 30,31*0 Discounts and advances 212,901+ - 85,212 - 1*7,720 Industrial loans 759 2 - 2,81*1+ U. S. Govt, securities: Bills 5.173,871 -l26,l(i+8 -3,297,630 Certificates 6,886,979 + 20,000 +2,51+2,636 Notes 38k, 600 -1,529,700 Bonds 9.151*100, -125,1+00 +3.1*03,857 Total U, S« Government securities 21,596,550 -231,81+8 +1,119,163 Total loans and securities 21,810,213 -317,062 +1,068,599 Due from foreign banks 1*9 — - 1+6 F. R. notes of other banks 109,691 - 9,981 - 2,1)16 Uncollected items 2,391,966 - 63,623 - 111,021 Bank premises 32,156 + 19 - 581 Other assets 157,102 + 279 + 17,53k TOTAL ASSETS k7,878,998 -k29,l*27 +2,131,029 L I A B I L I T I ES Federal Reserve notes 23,k23,k33 + 66,637 - 363,650 Deposits: Member bank-reserve account 19,311,322 +292,759 +2,kO5,900 U.S.Treasurer-general account 1,115,562 -562,679 - 2k,066 Foreign 6ll,l+k0 - 82,768 + 113,703 Other k?2_,736 - 3,k7k - , 3,156 Total deposits 2l,53i,o6'6 -356,162 +27k92,381 Deferred availability items 2,059,k60 -11+5,1+66 - 100,320 Other liabilities including accrued dividends ik,35j> 6k6 1,963 TOTAL LIABILITIES "1*770287309 "-k35,637 +2,026,1+1+8 C A P I T AL A C C O U N TS Capital paid in 20k, 277 27 + 6,k63 Surplus (Section 7) 1*66,711 + 18,522 Surplus (Section 13b) 27,5k3 Other capital accounts 152,158_ + 6,183 + 79,596 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*778787998 ~3l29,'I+27 +2,131,029 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 51-395 • 3% * Contingent liability on acceptances purchased for foreign correspondents 5,266 + 27k + 1,382 Commitments to make industrial loans 3,259 + 7k7 - k,l*20 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l+.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 6, 19^+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. aoid certificates 22,1+66,1+31 798,353 7,237,195 ll2l+,l+12 1593,1+13 101+0,363 1006,127 1+175,695 636,532 1+50,552 327,177 61+8,752 2827,360 Redemption fund for F. R. notes 6o8,6Gl+ 52,750 1+9,550 58,001 73,715 52,391 1+3,191+ 101,636 kh,299 22,389 55.769 26,282 1+5,208 Total gold certificate reserves - 23,075,115 851,603 7,356,71+5 1182,1+15 1667,128 1092,751+ 101+9,521 1+230,351 730,851 1+75,1+1+1 362,91+6 675,051+ 2372,568 Other cash 502,701+ 31,01+9 62,1+00 18,107 26,61+7 17,199 22,369 1+1,561+ 15,21+0 9,531+ 9,623 10,985 59,659 discounts and advances 212,901+ 16,111 59,159 18,691 20,986 11,597 7,l<'+5 35,791 6,1+75 5,052 11,590 5,523 ll+,73l+ Industrial loans 759 705 5I+ . U. S.. Govt, securities: Bills 5,173,371 356,955 1,226,157 352,1+32 1+77,191 352,11+9 277,535 772,029 279,609 167,1+95 250,251 225,795 1+58,1+1+7 Certificates 6,886,979 1+75,119 1,652,11+6 1+69,127 655,193 U+2,123 569,251 1027,651+ 372,187 222,952 555,110 297,896 6io,2l+l botes' 581+.600 26,533 91,11+6 26,198 35,1+72 2i+,690 20,620 57,339 20,781+ 12,1+51 18,602 16,636 3l+,079 Bonds 9,151,100 651,516 2,168,719 625,555 81+1+,015 587,1+71+ 1+90,613 1565,500 l+9l+,5l+5 296,21+8 1+1+2,620 595,351 810,861 Xat-al U.S.Government securities 21,596,550 11+39,903 5,H8,l68 11+71,112 1991,871 1336,1+56 1157,852 5222,572 1167,125 699,11+1+ 10l+l+,583 93l+,158 1915,628 Total loans and securities 21,310,215 1506,011+ 5,177,527 1^90,508 2012,857 1598,087 ll61+,997 3258,565 1175,598 70l+,196 1056,175 939,681 1928,1+12 Due from foreign banks k9 3 l/ 16 1+ 1+ 2 2 7 2 1 2 2 1+ j.R.notes of other banks 109,691 k,3k7 11,1+58 3,596 6,o61+ 22,655 ll+,306 ll+,537 6,575 1+.070 5,751 l+,0l+5 12,509 Uncollected items 2,591,968 218,511 1+69,100 163,920 220,506 185,61+5 167,235 366,902 106,030 58,671+ 125,351 102,121 207,1+75 Bank premises 32,156 1,171 8,023 3,036 i+,825 2,535 1,556 3,135 1,950 1,169 2,362 7I+6 1,620 Other assets 157,102 11,035 36,776 10,552 ll+,689 10,078 8,530 23,217 8,385 5,023 7,1+85 6,738 ll+,596 TOTAL ASSETS 1+7,378,998 2623,755 15,101,81+5 2871,956 5952,720 2728,955 21+28,661+ 7987,901+ 201+1,089 1256,158 2070,173 1759,598 5076,1+23 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. 14.1(c) STATEMENT OF CONDITION CF THE FEDERAL RESERVE BANKS ON APRIL 6, l9i*9 (In thousands of dollars) L I A B I L I T I ES Total Boston Hew York Phila. Cieve. Rich. Atlanta Chicago St.Louis Minn. Ksns.Cy. Dallas S nFran. a Federal Reserve notes 25,1*25,1*55 1388,160 5,368,087 1612,880 2091,1*97 1568,876 1291,61*2 1+1+97,153 1097,922 618,312 922,1400 597,71+6 2368,758 Depositsi Member bank-reserve acct. 19,511,522 855,506 6,321,589 913,71+1 11+22,251* 822,1*63 81*5,113 2865,661+ 720,051 1+77,281* 897,905 911,335 2258,567 U.S.Treasurer-general acct.1,115,562 95,785 171,105 9L723 99,1+1+8 9l*,290 70,250 lOl+,923 63,1+95 68,255 72,590 80,158 103,562 Foreign 611,1*1*0 58,11*0 l/ 197,292 1+8,1*32 35,697 29,665 21*.821 83,51+5 2i,79i+ 15,135 21,791* 21,189 53,936 Other 1*92,736 2,1*28 1+21*, 153 1,528 6,150 3,512 366 3,380 5,179 1,738 10,035 1+65 33,822 Total deposits 21,551,060 991,657 7,lilt. 119 1055,1+21+ 1583,52+9 91*9,930 91+0,550 3057,512 810,519 562,592 1002,?2l* 1013,197 21*1*9,887 Deferred availability items 2,059,1*60 188,590 362,1*96 135,620 197.735 161*.1+1+3 158,291* 3H+.07I+ 98,251 51,922 111,780 96,022 180,255 Other liabilities including accrued dividends li+,356 877 3,81+1 851 1,662 796 667 2,2oi+ 610 1+59 555 678 1,156 TOTAL LIABILITIES 1+7,028,509 2569,281* 12,81*8,51+3 280l*,775 387l+,l+l+3 2681*,ol*5 2591,153 7870,91+3 2007,302 1255,085 2037,059 1707,61*3 5000,031+ Capital paid in 20l+,277 11,506 69,670 lit, 869 19,212 8,909 8,cl+5 25,831+ 6,759 l+,530 7,189 8,121* 19,630 Surplus (Section 7) 1+66,711 29,5147 11*5,019 36,701+ 1*3,968 22,1*17 20,028 68,81+2 17,971+ 11,797 17,008 ll*,95l+ 1+0,653 Surplus (Section 15b) 27,51+3 3*011 7,319 i+,1+89 1,006 3,31+9 762 1,1*29 521 1,073 1,137 1,307 2,11*0 Other capital accounts 152,158 10,585 33,291* 11,099 11+, 091 10,235 8,676 20,356 8,533 _ 5,673 7,780 7,370 13,966 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+7,878,998 2625,733 13,101,81+5 2871,936 3952,720 2728,955 2l*28,6&* 7987,901+ 201+1,089 1256,158 2070,173 1739,398 5076,1*25 Contingent liability on acceptances purchased for foreign correspondents 5,266 552 2/ i,66U 1*21 1+81+ 258 216 727 190 132 190 181+ 1+68 Commitments to make industrial loans 5> 259 88 2,698 130 2I4I+ 9 ~ — — — 90 F.R. notes outstanding 21* 093 6gi* 11*1*0,782 5,l+99,118l659,27l+2l65,370l620,863 13l42,132l*573,777 1137,718 631,689 91+2,871+ 621,512 21*58,785 Collateral for F.R. notes ' * held by F.R.Agents; Gold certificates 13,179,000 1*1*0,000 1*,670,000 550,000 7l+5,ooo 625,000 575,000 2535,000 315,000 210,000 280,000 181*, 000 2000,000 Eligible paper 37,918 6,530 11,103 6,525 — 1+.H+5 — — 1,000 1,250 6,115 — 1,250 U.S.Govt, securities 12,075,000 1100,000 1,000,000 1200,000 1500,000 5-025,000 850,000 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 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 212,901+ 52,700 23,965 125,222 13,017 Indu st r i a 1 1 oans 759 673 2 57 7 16 U.S.Govt, securities 21,596,550 860,900 571>!+61* 2,756,553 li,5l+l>833 1,703,700 2,115.. 500 1,935,100 7,113,700 l/ After dedaccing $1*JU,093^ 000 participations of other Federal R serve bants,, e 2/ After deducting $5,602,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis