H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U.l (For Immediate Release) April 21, 19k9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 20 member bank reserve balances increased $71>000,000. Additions to member bank reserves resulted from decreases of $99*000,000 in money in circulation and $16,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $3#000,000 in gold stock, offset in part by increases of $26,000,000 in Treasury deposits with Federal Reserve Banks and $15,000,000 in Treasury cash and decreases of $6,000,000 in Reserve Bank credit and $3*000,000 in Treasury currency* Excess reserves of member banks on. April 20 were estimated to be approximately $880,000,000. Holdings of loans, discounts and advances increased $221,000,000, while holdings of United States Government securities decreased $203,000,000. The decrease in holdings of United States Government securities reflects decreases of $153.,000,000 in bills and $7^,000,000 in bonds and an-increase of $25,000,000 in certificates* Changes in member bank reserve balances and related items during the week and the year ended April 20, 19^9 were as follows: Increase or decrease since April 20, April 13, April 21, I9k9 I9k9 l9hQ (In millions of dollars) U. S« Government securities 21,288 -203 + 891+ Loans, discounts and advances k5k +221 + 216 Other Reserve Bank credit J08 - 21+ - 26 Total Reserve Bank credit 22,050 - 6 + 1 ,081+ Gold stock 2!+,521+ + 3 + 1 ,165 Treasury currency h,539 - 3 + 32 Member bank reserve balances 19,398 + 71 +2 ,553 Money in circulation 27,2*08 - 99 - 310 Treasury cash 1,333 + 15 - 3 Treasury deposits with F. R« Banks 1,0524. + 26 - 229 Nonmember deposits and other F.. R. accounts 1,772 - 16 + 271 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEJ-ERT OF CONDITION H.l*.l(a) OP THE TWELVE FEDERAL RESERVE BAMS COMBINED (in thousands of dollars) Increase or decrease since Apr. 20, Apr. 13, Apr. 21, 19U9 191+9 ,19148 A S S E TS Gold certificates 22,1+61+, 1+32 - 1,995 +1,205,262 Redemption fund for F. R. notes 608,299 _L__ 9J8 Z 25,229 Total gold certificate reserves 2 3", 072,7 31 - 1,017 +1,180,033" Other cash 28^,808 - 8,559 - iti,9ia Discounts and advances +221,256 1*53,195 + 219,805 Industrial loans 717 51 3,667 U. S. Govt, securities: Bills 5*002,379 -153.1*92 -3,279,772 Certificates 6,911,979 + 25,000 +2,6^,286 13 ote s 381,600 -1,51*9,200 Bonds - 7l*.i»D0 +5,665,10*5 8,989,100 Total U. S. Government securities 21,288,058 -202,892 + 893,759 Total loans and securities 2l,7la,970 + 18,313 +1,109,897 Due from foreign banks i*9 1*6 F. R. notes of other banks 115,931 + 12.1*1*9 + 5,01*8 Uncollected items 2,938,21+5 +127,11x2 + 68,707 Bank premises 579 32,158 Other assets 165,618 +__1* ! 936 + 17,683 TOTAL ASSETS .'{8,350,510 +153,261+ +2,3*8,795 L I A B I L I T I ES Federal Reserve notes 23,298,775 - 83,1*91 - 367,716 Deposits: Member bank-reserve account 19,397,566 + 70,590 +2,552,21+3 U.S.Treasurer-general account 1,053,726 + 25,1+18 - 229,256 Foreign 599,65 3 + 5,831 + 177,208 Other „J91±4L31 - 21,620 Total deposits + 80,219 +2,505,91*1 Deferred availability items 2,630,720 +151.1*95 + 95,022 Other liabilities including accrued dividends 12*805.. 585 ,r_ JL221.. v TOTAL IIABILITIES 1+7,1*88,708 +11+7,638 +2,2*0,316 C A P I T AL A C C O U N TS Capital paid in 20L.279 37 + 6,317 Surplus (Section 7) 1*66,711 + 18,522 Surplus (Section 13b) 27,51+3 Other capital accounts JL6li262_ 3*32 83.61+0 TOTAL LIABILITIES MD CAHTAL ACCOUNTS "1,8,350,510 +153,261+ +2,338,795 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 51.5f» ,1% .2% Contingent liability on acceptances purchased for foreign correspondents 5,517 3l*5 2,000 Commitments to make industrial loans 2,722 27 5,003 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 20, 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 22,464,432 777,154 7,287,670 1096,670 1562,695 982,173 972,311 4396,030 679,245 436,263 817,216 637,822 2819,183 Redemption fund for F. R. notes 608,299 52,631 49.047 57,805 75,577 55,455 45,090 104,477 44,246 22,871 35,754 26,260 45,128 Total gold certificate reserves 23,072,751 829,785 7,556,717 1154,475 1636,272 1035,606 1015,401 4500,507 723,491 459,134 852,950 664,082 2864,311 Other cash 283,808 26,828 60,138 13,725 25,012 18,845 23,061 59,885 15,120 8,535 9,886 10,661 34.114 Discounts and advances 453,195 21,356 230,763 26,861 50,226 13,992 8,795 31.116 11,275 13.252 19,222 7,205 18,654 Industrial loans 717 675 —- 44 "— U. S. Govt, securities: Bills 5,002,579 545,104 1,185,514 54o,752 461,574 521,153 268,192 746,440 270,559 161,942 241,955 216,578 445,251 Certificates 6,911,979 476,844 1,658,070 470,851 637,499 443,728 370,572 1031,584 575,557 225,761 554,519 298,978 612,456 Notes 584,600 26,555 91,146 26,198 35,472 24,690 20,620 57,389 20,784 12,451 18,602 16,636 34,079 Bonds 8,989,100 620,140 2,150,527 612,519 829,074 577,075 481,933 1541,527 485,739 291,004 454,785 588,825 796,506 Total U.S.Government securities 21,288,058 1468,621 5,o45,057 1450,100 1965,419 1566,629 1141,517 5176,540 1150,449 639,153 1029,661 920,815 1886,292 Total loans and securities 21,741,970 1490,477 5,275,820 1477,654 2015,645 1580,665 1150,112 5207,656 1161,724 702,410 1048,835 928,018 1904,926 Due from foreign banks 49 5 l/ 16 4 4 2 2 7 2 1 2 2 4 F.R.notes of other banks 115,951 4,651 15,596 5,271 6,556 2l,56o 16,512 14,669 6,664 3,675 4,584 4,975 13,638 Uncollected items 2,933,245 230,931 549,210 226,292 275,388 244,095 207,190 472,788 123,816 74,557 154,459 150,649 249,040 Bank premises 52,158 1,171 8,024 5,036 4,820 2,555 1,555 5,185 1,950 1,169 2,562 746 1,625 other assets 165,618 11,675 58,284 11,077 15,479 10,650 8,831 24,667 9,456 5,568 7,815 7,224 15,116 TOTAL ASSETS 48,550,510 2595,569 13,281,305 2891,514 3977,156 2713.758 2422,464 8265,564 2040,205 1254,627 2080,959 1746,557 5082,774 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.U.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 20, I9U9 (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.Loui s Minn, Kans.C y, Dallas SanFran. e Federal Reserve notes 25,298,775 1588,928 5,516,1*89 1607,896 2085,61+6 1550,928 1285,61*5 1*1*96,651* 1090,785 615,1*09 915,222* 592,986 2556,207 Deposits* Member bank-reserve acct, 19,597,566 80li,596 6,1*59,1*1*6 906,515 11*07,360 801,889 851,719 2971*, 782 699,085 1*76,020 896,871 903,258 2256,229 U.S_,Treasurer-general acct, 1,055,726 72,281 165,819 81,279 8b, 138 59,1*98 1*2,961 205,299 68,007 56,955 65,527 70,217 85,71*5 Foreign 599,685 57,578 1/ 195,791 1*7,1*61* 51*,581* 29,072 2i*,525 81,875 21,559 11*,855 21,559 20,766 52,877 °tt»r 1*91*, 1*55 5,181 1*28,150 1,556 6,101* 2,61*5 1,055 1,811* l*,7l*7 1,889 9,080 L52 55,781* Total deposits 21,51*5,1*08 917,156 7,225,206 1056,612 1552,186 893,102 900,058 5261,770 793,196 51*9,697 992,857 99l*,675 21*28,655 Deferred availability items 2,650,720 252,81*9 1*80,71*5 178,250 260,522 225,51*8 200,002 58l*,ll*6 121,299 65,61*1* .158,686 125,828 219,1*21 Other liabilities including accrued dividends 15,805 1,111 3,1*72 851 1,1*55 751 61*5 2,198 556 1*1*2 51*0 606 1,220 TOTAL LIABILITIES 1*7,1*88,708 251*0,521* 15,025,912 2825,569 5897,809 2668,109 258l*,5l*6 8ll*l*,7l*8 2005,856 1251,192 2oU7,287 1711*,093 5005,1*85 Capital paid in 2ol*,279 11,1*51+ 69,676 11*, 875 19,217 8,910 8,055 25,831* 6,759 1*,530 7,191 8,159 19,639 Surplus (Section 7) 1*66,711 29,31*7 11*3,019 36,701* 1*3,968 22,1*17 20,028 68,81*2 17,971* 11,797 17,008 11*,951* 1*0,653 Surplus (Section 15b) 27,51*5 5,011 7,519 1*,!*89 1,006 5,51*9 762 1,1*29 521 1,075 1,157 1,307 2,11*0 Other capital accounts 165,269 11,1*55 55,879 11,877 15,156 10,955 9,275 22,511 9,113 6,055 8,516 7,861* H*,859 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*8,350,510 2595,569 13,281,805 2891,511* 5977,156 2715,758 21*22,1*61* 8265,561* 2ol*0,2o5 1251*,627 2080,959 171*6,357 5082,771* Contingent liability on acceptances purchased for foreign correspondents 5,517 3i*S 2/ 1,71*5 1*1*1 508 270 226 761 199 158 199 195 1*91 Commitments to make industrial loans 2,722 76 2,189 lH* 21*1* 9 90 F.R. notes outstanding 2!*,087ll*79 11*37,1*98 5,1*80,121 1667,805 2162,260 I6ll*,715 131*2,876 1*581*,721* 1151,082 650,598 91*1,786 622,128 21*71,886 Collateral for F.R, notes held by F.R.Agentss Gold certificates 15,299,000 1*1*0,000 1*,670,000 550,000 71*5,000 625,000 575,000 2605,000 515,000 210,000 280,000 181*,000 2100,000 Eligible paper 21+9,911* 12,275 182,607 ll*, 695 — 6,21*0 5,800 9,1*50 13,71*7 5,100 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 5-00,000 800,000 M&TURITY 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 1*55,195 501,61*2 2,655 11*3,221 5,657 1* 16 Industrial loans 717 61*5 1*8 7 15 1* U.S.Govt, securities 21,288,058 902,521 8&*,578 2,91*0,815 5,876,51*6 1,705,700 2,115,500 — 1,955,100 6,951,700 1/ After deducting $1*05,817,000 participations of other Federal Reserve B nkt>» a 2/ After deducting $5,77l*,00O participations of other Federal Reserve B nks. a Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis