H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.l+.l (For Immediate Release) April 28, 19U9 CONDITION OF THE FEDERAL RESERVE BAMS During the week ended April 27 member bank reserve balances decreased $378*000,000* Reductions in member bank reserves resulted from a decrease of $3^5*000,000 in Reserve Bank credit and an increase of $92,000,000 in Treasurydeposits with Federal Reserve Banks, offset in part by decreases of $52,000,000 in money in circulation and $3*000,000 in Treasury cash, and increases of $5,000,000 in gold stock and $3*000,000 in Treasury currency. Excess reserves of member banks on April 27 were estimated to be approximately $14.80,000,000. Holdings of loans, discounts and advances decreased $187*000,000 and of United States Government securities $80,000,000. The decrease in holdings of United States Government securities reflects decreases of $8l|.,000,000 in bonds and $25,000,000 in bills and an increase of $29,000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year ended April 27, 19U9 were as follows: Increase or decrease since April 27, April 20, April 28, 19l;9 191+9 __j?jj6 (in millions of dollars) U» Sw Government securities 21,208 - 80 + 768 Loans, discounts and advances 267 -187 + 6 0ihe.v Reserve Bank credit 230 - 78 - 21 Tot-iu Reserve Bank credit 21,705 -3U5 + 753 214,329 + 5 +1,162 'i'rc- a vary currency i+,592 + 3 + 31 M rJjur bank reserve balances 19,020 -378 +1,977 M^T.ej in circulation 27,356 - 52 - 326 Treasury cash 1,330 - 3 • k Treasury deposits with F. R. Banks 1,1/46 + 92 - 39 Nonmember deposits and other F. R. accounts 1,772 + 329 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.l+.l(a) OF THE TWELVE FEDERAL RESERVE BANKS COKBINED (in thousands of dollars) Increase or decrease since Apr. 27, Apr. 20, Apr. 28, 191+9 , 191+9 191+8 A S S E TS Gold certificates 22,1M, 1+33 • 20,001 +1,205,263 Redemption fund for F. R. notes 608,282 _r 11 - 22,11^ Total gold certificate reserves 23~,092m5 + 19; 981+ +1,183,150 Other cash 286,269 + 2iU6l - 37,1+03 Discounts and advances 265,970 -187 i 225 + 7,21+5 Industrial loans 695 22 1,1+51 U. S. Govt, securities; Bills 1+, 977,222 - 25,157 -3,162,979 Certificates 6,91+0,979 + 29,000 +2,631,1+36 Notes 38 1+, 600 -1,571,100 Bonds 8,905,300 - 8 3,800 +2,820,833 Total U. S. Government securities 21,208,101 - 79,957 + 768,190 Total loans and securities ~2i, 1+7 h, 7 66 -267,201+ + 773,981+ Due from foreign banks 1+9 1+5 F. R. notes of other banks 119,91+5 + !+,0ll+ + 9,ll|6 Uncollected items 2,379,081+ -559,161 - 133,100 Bank premises ?, 1)81 + 323 - 208 Other assets 170,78 5 + 5,167 + 16,143 TOTAL ASSETS 1+7,556,091+ -79l+,la6 +1,811,937 L I A BI LI T I ES Federal Reserve notes 23,265,3^0 - 33,1+35 - 353,715 Deposits $ Member bank-reserve account 19,020,161 -377,1+05 +1,976,867 U,S.Treasurer-general account 1,11+6. li .39 + 92,713 - 38,907 Forei gn 587,708 - 11,975 + 200,91+2 Other 505,112 + 10,679 + 35.81x2 Total deposits 21"; 259,1+20 -285,988 +2,17l+,7U+ Deferred availability items 2,11)8,801 -1+81,919 - 112,289 Other liabilities including accrued dividends 15,130 + 1,375 - 2,273, TOTAL LIABILITIES 1+6,688,71+1 -799,967 +1,701,1+67 C A P I T AL A C C O U N TS Capital paid in 20l+, 33l+ 55 6,31+1+ Surplus (Section 7) 1+66,711 18,522 Surplus (Section 13b) 27,5^3 Other capital accounts 163,76 Jt_4ili26 85,6ol+ TOTAL LIABILITIES AND CAPITAL ACCOUNTS T7,556,09 +1,811,937 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 51.97? Contingent liability on acceptances purchased for foreign correspondents 5,1x61+ 53 2,080 Commitments to make industrial loans 2,525 197 5,201 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4a(b) STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BAKES ON APRIL 27, 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 22,484,433 771,654 7,252,995 1110,43k 1574,220 963,074 1014,412 4379,057 675,834 465,073 822,994 646,595 2808,091 Redemption fund for P. R. notes 608,282 52,651 1+9,047 57,805 75,577 55,1+35 1+5,091 104,464 44,246 22,871 35,751+ 26,254 45,129 Total gold certificate reserves 25,092,715 824,285 7,302,042 1168,239 1647,797 1016,507 1057,503 1+485,521 720,030 487,91+4 855,728 672,849 2855,220 Other cash 286,269 28,2?7 57,886 14,513 24,654 19,21+9 22,829 40,527 14,670 8,466 10,191 11,584 55»6l8 Discounts and advances 265,970 18,826 69,051 20,056 28,549 23,552 11,195 25,511 ll+,525 6,792 14.572 9,046 24,555 Industrial loans 695 —- 657 58 U. S. Govt, securities: Bills 4,977,222 51+5,568 1,179,552 559,058 459,054 519,525 266,81+4 742,686 268,979 161,123 240,758 215,290 1+41,022 Certificates 6,940,979 478,844 1,644,945 472,806 640,174 1+45,590 572,126 1055,715 575,105 224,699 535,722 300,231 615,026 Botes 384,600 26,533 91,146 26,198 35,472 24,690 20,620 57,389 20,784 12,451 13,602 16,636 54,079 Bonds 8.905,300 614.56Q 2,110,46? 606,611 821,5lt4 571,694 477,1+40 1323,821 481,260 238,292 430,752 585,199 789,080 Total &..S. government securities 21,208,101 1463,105 5,026,108 11+1*4,655 1956,014+ 1561,497 1157,030 3164,609 1146,123 686,570 1025,794 917,356 1879,207 Total loans and securities 21,474,766 1431,951 5,095,159 1465,31+6 1984,593 1585,087 1148,225 3190,120 1160,453 693,362 1040,3-66 926,402 1905,71+2 Due from foreign banks 49 5 l/ 16 4 4 2 2 7 2 1 2 2 4 F^R.notes of other banks 119,945 5,751 15,311 4,811 6,950 25,555 ll,72l+ 16,469 7,603 5,552 6,274 l+,3l+8 15,559 Uncollected items 2,579,084 183,888 458,678 165,598 229,632 207,614 176,825 551,519 109,515 58,992 159,980 110,493 201,550 Bank premises 32,481 l,l66 8,024 3,051 4,811 2,528 1,552 5,185 1,929 1,167 2,362 746 1,980 other assets 170,735 11,977 39,397 11,554 15,957 10,992 9,105 25,551+ 9,702 5,459 8,101 7,1*10 15,517 TOTAL ASSETS 47,556,094 2542,258 12,955,1+95 2852,701 5914,578 2665,312 2427,765 8110,882 2023,751+ 1258,743 2066,004 1735,834 5024,970 l/ After deducting $35,000 participations of other Federal Reserve Banks,. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HJuKc) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 27, I9U9 (In thousands of dollars) L I A BI L IT I BS Total Boston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas SanFran, Federal Reserve notes 23,265,31*0 1380,972 5,507,259 1609,259 2086,967 15li9,38l* 1283,890 1*1*93,653 108l*,888 6114,235 9H»536 591,325 2351,972 Deposits: Member bank-reserve acct. 19,020,161 813,150 6,191,536 890,678 1379, lU* 781*, 31*5 81*2,715 2950,61*2 695,275 1461,581* 876,288 888,1*16 2266,1*1© U.S.Treasurer-general acct. 1,11*6,1*39 78,193 192,661 72,995 86,992 62,757 70,208 160,1*55 78,U65 88,593 9l*,l26 93,321* 67,872 F°reign 587,708 36,282 1/ 195,712 1*6,072 52,985 28,219 25,612 79,1*71* 20,732 ll*,398 20,752 20,157 51,335 °ther 505,112 1,251 1*1*1,259 1,527 6,572 1,710 560 5,501 1*,596 1,819 8,1*12 968 32,957 Total deposits 21,259,1*20 928,836 7.019,168 1011,272 1525,691 877,029 937,095 31714,070 799,068 566,19!* 999» 558 1002,865 21*18,5714 Deferred availability items 2,11*8,801 176,055 567,505 11*2,962 220,528 192,156 167,61*8 521,1*37 101*, 518 514,225 120,585 106,1*61 175,563 Other liabilities including accrued dividends- 15,180 866 14,577 873 1,518 771 717 2,278 608 1*62 611* 61*8 1,21*8 TOTAL LIABILITIES 1*6,688,7141 21486,709 12,698,309 2761*,366 58314,501* 2619,320 2589,550 7991,1*38 1989,082 1255,1114 2052,095 1701,299 1*91*7,157 Capital paid in 20l*,33l4 11,1455 69,682 li*,877 19,218 8,912 8,055 25,81*1 6,760 l*,55k 7,191 8,167 19,61*2 Surplus (Section 7) 1*66,711 29,3147 1143,019 36,701* 1*3,968 22,1*17 20,028 68,81*2 17,97l4 11,797 17,008 ll*»95li 140,653 Surplus (Section 13b) 27,5143 5,011 7,519 14,1489 1,006 5,51*9 762 1,1429 521 1,075 1,137 1.307 2,1140 Other capital accounts 168,765 11,736 37,1614 12,265 15,682 11,511* 9,570 25,552 9,1*17 6,225 8,575 8,107 15,578 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*7,556,091* 25142,258 12,955,1*95 2852,701 59114,578 2665,512 21427,765 8110,882 2025,751* 1258,7145 2066,0014 1753,8314 502*4,970 Contingent liability on acceptances purchased for foreign correspondents 5,1*61* 3I4I4 2/ 1,727 1*57 505 268 22I4 751* 197 136 197 191 1*86 Commitments to make industrial l°ans 2,525 6o0u — 69 1,933 120 21*1* 9 — — 90 i'.fi. notes outstanding 214,050,767 11*39,265 5,1468,986 1658,999 21614,080 1608,611 131*3,565 1*582,509 112l*,017 629,288 9^*0,0*47 621,537 21469,865 Collateral for F.R. notes held by F.R.Agents j Gold certificates 13,299,000 1*1*0,000 l*,670,ooo 550,000 7l*5,ooo 625,000 575,000 2605,000 315,000 210,000 280,000 18l4,<000 2100,000 11,000 Eligible paper 78,1477 9,21*5 13,325 7,870 — 16,100 — — 8,850 2,990 9,097 U.S. Govt, securities 12,075,000 1100,000 1,000,000 1200,000 1500,000 1025,000 850,000 2000,000 950,000 1450,000 700,000 500,000 800,000 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 1 Total 15 days 50 days 60 days 90 days 6 months to 1 year years years 5 years Discounts? and advances 2637970 1114,051 914,868 55,805 3,227 15 Industrial loans 695 627 1*2 7 15 U.S.Govt, securities 21,208,101 1,038,572 952,928 2,878,1*95 5,722,108 1,7114,700 2,118,500 1,935,10° 6,867,900 j/ After deducting $593,916,000 participations of other Federal Reserve 8,.nks 2J/ After deducting $3,737,000 participations of other Federal Reserve LarJcc. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis