H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GO^RKORS OF THE FEDERAL RESERVE SYSTEM H.i+.l (For Immediate Release) April l4, 19U9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 13 member bank reserve balances increased $16,000,000* Additions to member bank reserves resulted from decreases of $88,000,000 in Treasury deposits with Federal Reserve Banks, $11,000,000 in Treasury cash, and $7,000,000 in money in circulation,., and an increase of $4,000,000 in gold stock, offset in part by a decrease of $87,000,000 in Reserve Bank credit and an increase of $8,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on April 13 were estimated to be approximately $780,000,000• Holdings of loans, discounts and advances increased $19,000,000, while holdings of United States Government securities decreased $106,000,000. The decrease in holdings of United States Government securities reflects decreases of $38,000,000 in bonds and $13,000,000 in bills. Changes in member bank reserve balances and related items during the week and the year ended April 13, 19^9, were as follows: Increase> or decrease since April 13, April 6, April ll+, 1949 19U9 19U8 (In millions of dollars) U» S* Government securities 21,h9l -106 + 898 Loans, discounts and advances 233 + 19 + 10 Other Reserve Bank credit 332 - 1 + 19 Total Reserve Bank credit 22,056 - 87 + 926: Gold stock 214,321 + h +1,169 Treasury currency U,592 + 1 + 3k Member bank reserve balances 19,327 + 16 +2,277 Money in circulation 27,507 - 7 - 267 Treasury cash 1,318 - 11 2 Treasury deposits with F. R. Banks 1,028 -88 - Ih9 Nonmember deposits and other F. R» accounts 1,788 + 8 + 269 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.lwl(a) OF THE TWELVE FEDERAL RESERVE BAUKS COMBINED fin thousands of dollars) Increase or decrease since Apr. 13, Apr. 6, Apr. 1I4, 1919 I9h9 191+8 A S S E TS Gold certificates 22,^66,1427 h +1,207,257 Redemption fund for F. R. notes 607,321 - 1,363 - 26,373. Total gold certificate reserves 23,073,7lj8 - 1,367 +1,180,8814 Other cash 292,367 - 10,337 50,720 Discounts and advances 231,939 + 19,035 + 10,679 Industrial loans 768 + 9 1,723 U. S. Govt, securities: Bills 5,155,871 - 18,000 -3,333,080 Certificates 6,886,979 +2,5Ui,186 Notes 38<L,6oo -l,5l4l,950 Bonds - 87,60Q _+3,228,1+31 Total U. S. Government 9,063,500 securities -105,600 + 897,537 21,14.90,950 Total loans and securities - 86,556 + 906,5)43 Due from foreign banks 21,723,657 I46 F. R. notes of other banks 1+9 - 6,209 62I4 Uncollected items 103,1+82 +1+19,135 - 265,091+ Bank premises 2,8li,103 + 2 576 Other assets 32,158 + 3,580 + 16, li+7 l6o,682 TOTAL ASSETS l48,197,2l46 +318,2148 +1,786,5114 L I A B I L I T I ES Federal Reserve notes 23,332,266 - I4LI67 - 3U,929 Deposits: Member bank-reserve account 19,326,976 + 15,6514 +2,276,622 U.S.Treasurer-general account 1,028,308 - 87,251+ - 1148,718 Foreign 593,852 - 17,588 + 11+5,370 Other ±23+3XL + 35.765 Total deposits- ^i7£S5,ie9 - ^5,871 +2,309,039 Deferred availability items 2,1479,225 +U9,765 - 283,930 Other liabilities including accrued divi dends ll+,390 + 3l+ JL_ 3,18i TOTAL LIABILITIES H773l;i,070 +312,761 *1&79~,993 C A P I T AL A C C O U N TS Capital paid in 20l+,2l42 35 + 6,1401 Surplus (Section 7) 1466,711 + 18,522 Surplus (Section 13b) 27,51+3 Other capital accounts 157,630 • 5,522 * 81,593 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 148,197,2^6" +318,258 +1,786,5114 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 5Ll+fo .195 •5% Contingent liability on acceptances purchased for foreign correspondents 5,172 - 91+ 1,586 Commitments to make industrial loans 2,71+9 - 510 l+,995 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4,l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 15, 1949 (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 22,466,427 794,485 7,288,577 1105,259 1570,661 1018,898 1012,859 4281,077 670,866 450,055 808,553 633,558 2851,841 Redemption fund for E. R. notes 6o?,521 52,654 49,065 57,812 73,535 52,590 45,093 104,477 44,255 22,874 55,758 26,260 45,155 Total gold certificate reserves 25,075,748 847,117 7,557,642 1165,051 1644,244 1071,288 1055,957 4335,554 715,121 452,929 844,271 659,618 2896,976 other cash 292,567 28,6o8 68,611 15,871 28,212 17,897 20,555 40,554 15,428 8,065 9,468 10,675 52,645 Discounts and advances 251,959 16,866 86,744 17,596 25,756 11,88 2 6,645 26,466 6,175 4,802 9,44-0 5,605 15,984 Industrial loans 768 708 60 U. S. Govt, securities; Bills 5,155,871 555,695 1,221,890 551,208 475,551 530,991 276,422 769,344 278,634 166,911 249,379 223,017 456,851 certificates 6,886,979 475,119 1,632,146 469,127 635,195 4^2,125 569,251 1027,654 572,137 222,952 555,110 297,896 610,241 Notes 534,600 26,555 91,146 26,198 55,472 24,690 20,620 57,539 20,734 12,451 18,602 16,656 54,079 Bonds 9,065,500 625,275 2,147,953 617,588 855,936 581,850 485,921 1552,428 489,809 295,415 458,585 592,042 803,099 Total H.S.Govar^3Bent securities - 21,490,950 1482,618 5,093,140 1465,921 1982,152 1579,654 1152,194 5206,815 Il6l,4l4 695,727 1059,474 929,591 1904,270 Total loans and securities 21,725,657 1499,434 5,179,834 1482,225 2007,868 1591,596 1158,859 5255,281 1167,589 700,529 1048,914 955,194 1918,254 Due from foreign banks 49 5 l/ 16 4 4 2 2 7 2 1 2 2 4 F.R.nctes of other banks 103,482 4,247 11,457 4,l67 6,442 20,351 13,596 12,774 7,201 3,076 4,868 4,054 11,249 Uncollected items 2,811,103 238,292 544,571 185,159 269,550 W-&Q 200,080 454,387 128,957 71,671 169,455 126,430 225,131 Bank premises 32,158 1,171 8,023 3,056 4,820 2,535 1,556 3.185 1,930 1,169 2,562 746 1,625 Other assets l6o,682 11,205 57,887 10,638 14,850 10,315 8,549 25,896 9,126 5,158 7,6i5 6,8l4 14,655 TOTAL ASSETS 48,197,246 2650,125 15,187,891 2862,151 5975,990 2751,662 2459,094 8155,438 2043,354 1242,598 2086,955 1745,555 5100,515 l/ After deducting $55,000 participations of other Federal Reserv eBanks.. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HJi.l(c) STATEMENT OF CONDITION OF TIE FEDERAL RESERVE BANKS ON APRIL 1J, 1949" (In thousands of dollars) L I AB I L IT I BS Total Boston New York Phi la. Cleve. Rich. Atlanta Chicago St ..Louis Minn. Kans.Cy. Dallas SanFran* Federal Reserve notes 23,382,2661388,666 5,541,467 1619.551 2089,580 1565,317 1285,945 4496,116 1093,716 6l6,84o 918,589 594,940 2371,759 Depositss Member bank-reserve acet. 19,326,976 838,082 6,283,596 905,168 1420,446 810,209 869,0302923,836 706,480 469,581 895,761 911,4*04 2293,383 U.S.Treasurer-general acet.1,028,308 35,403 239,716 61,090 82,652 65,159 52.UU 155,194 62,495 52,431 57,174 65,977 70,828 foreign 595,852 36,981 1/ 192,288 46,960 54,004 28,763 2k,067 81,006 21,132 1U.675 21,132 20,545 52,299 °ther - l16'-^- 4,207 ~ 456,744 3,245 7,783 _jjVg£_ 4,857 5,455 5,556 1,852 8,565 U089_ Jkj&& Total deposits 21,465,189 964,675 7,152,341+ 1016,463 1564,885 908,159 950,095 3141,469 795,661 558,589 982,650 999,015 2451,206 Deferred availability items 2,479,225 221,076 455,628 157,687 241,550 212,156 184,554 575,755 119,249 63,443 151,707 117,006 199,416 Other liabilities including accrued dividends 14,390 895 3,851 888 1,548 816 681 2,295 625 462 615 564 1,372 TOTAL LIABILITIES 47,541,070 2575,510 12,955,270 2794,569 5397,165 26867Wi^2U2i^5l}o!iT,6^ Capital paid in 2o4,242 11,455 69,675 14,875 19,215 8,909 8,048 25,834 6,759 4,550 7,189 8,124 19,651 Surplus (Section 7) 466,711 29,347 143,019 36,704 43,968 22,417 20,028 68,8142 17,974 11,797 17,008 lli,954 40,653 Surplus (Section 15b) 27,5^3 3,011 7,319 4,489 1,006 3,549 762 1,429 521 1,075 1,157 1,507 2,140 Other capital accounts 157,630 11,002 54,608 11,494 14,640 10,559 8,981 21,702 8,829 5,864 8,060 7,623 14,558 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,197,246 2650,125 13,187,891 2862,151 5975,990 2731,662 2459,094 8135,458 2045,554 1242,598 2086,935 1743,533 5100,515 Contingent liability on acceptances purchased for foreign correspondents 5,172 326 2/ 1,634 4li| 476 254 212 714 186 129 186 181 460 Commitments to make industrial loans 2,749 76 2,208 122 2^4 9 90 F.R. notes outstanding 24,107,504 1443,021 5,496,519 1666,601 2163,787 1621,854 1358,922 4579,360 1134,229 631,1*54 942,384 621,347 2468,026 Collateral for F.K. notes held by F.R.Agents: Gold certificates 15,179,000 440,000 4,670,000 550,000 745,000 625,000 575,000 2585,000 315,000 210,000 280,000 184,000 2000,000 Eligible paper 61,098 7,285 57,838 5,450 — 4,450 — — 700 1,000 5,965 — 450 IL.S.Govt. securities 12,075,000 1100,000 1,000,000 1200,000 1500,000 1025,00£> 850,000 2000,000 950,000 450,000 700,000 500,000 800,000 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 30 days 60 days 90 days- 6 months to 1 7/ear years years 5 years Discounts and advances 231,959 '72,005 52,157 122,974 4,785 3 17 Industrial loans 768 676 2 64 7 15 4 — u.s.Govt. securities 21,1*90,950 957,014 784,358 2,695,764 4,275,614 1,703,700 2,113,300 — 1,935,100 7,026,100 l/ After .Inducting $401,508,000 participations of other Federal Reserve Banks. 2~/ After deducting $3,558,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis