H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL xRESERVE SYSTEM H.U«1 (For Immediate Release) May 5, 19J& CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May [j. member bank reserve balances increased 553*000,000* Additions to member bank reserves resulted from decreases of $156,000,000 in Treasury deposits with Federal Reserve Banks, $10l*,000,000 in nonmember deposits and other Federal Reserve accounts, and ^6,000,000 in Treasury cash, and an increase of M;5*Q(X)#()CX) in gold stock, offset in part by a decrease of $129,000,000 in Reserve Bank credit and an increase of ^91,000,000 in money in circulation. Excess reserves of member banks on Ma y1+ were estimated to be approximately -5870,000,000. Holdings of loans, discounts and advances increased $2lli,000,000 while holdings of United States Government securities decreased $369,000,000, The decrease in holdings of United States Government securities reflects decreases of ^235,000,000 in bonds, ^95,000,000 in bills, ^35,000,000 in certificates, and $5,000,000 in notes* Changes in member bank reserve balances and related items during the week and the year ended May i; 19/+9 were as follows: f Increase or decrease since May 4, April 27, May 6, 19U9 19u9 19I4S (in millions of dollars) U* S« Government securities 20,839 -369 + 588 Loans, discounts and advances 1+81 +211; + 21+9 Other Reserve Bank credit 257 + 27 - 115 Total Reserve Bank credit 21,576 -129 + 720 Gold stock 2k,33k - 5 +1,158 Treasury currency i+,592 — + 31 Member bank reserve balances 19,073 + 53 +2,01+0 Money in circulation 27,Uf7 + 91 - 315 Treasury cash 1.32U - 6 5 Treasury deposits with F. R* Banks 990 -156 - 121+ Nonmember deposits and other F« R» accounts 1,668 -101+ + 313 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION HJiU(a) OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Kay 4, Apr* 27, May 5, 191+9 1949 19l|8 A S S E TS Gold certificates 22,5Q9.h3X * 24,998 +1,217,261 Redemption fund for F, R notes # 603,212 - 5,070 - 23,761 Total gold certificate reserves + 19,928 +1,193,500 23,112,643 Other cash ' - 16,486 - 27,813 269,783 Discounts and advances 1480,007 +214,037/ + 249,522 Industrial loans U• S• Govt* securities: 618 77 1,070 Bills 4,882,486 - 94.736 -2,976,265 Certificates 6,905,979 - 35,000 +2,679,236 Notes 380,100 -1,592,600 - 4,500 Bonds 8,670,600 +2,477,482 *234,7Q0 Total U, S» Government securities 20,839,165 -368,936 + 587,853 Total loans and securities 2i, 3i'9,79tt -154,976 + 836,305" Due from foreign banks 1+9 F f R, notes of other banks 1014,577 - 15,368 + 8,248 Uncollected items 2,32l+,35l - 54,733 - 200,760 Bank premises 32,41+4 37 211 Other assets 171,518 + 733 * 12,579 TOTAL ASSETS 47,335,155 -220,939 +1,821,848 L I A BI LI T I ES Federal Reserve notes 23,332,143 + 66,803 - 334,777 Deposits : Member bank-reserve account 19,072,749 + 52,588 +2,039,438 U«S« Treasurer-general account 990,194 -156,245 - 123,692 Foreign 531,353 - 56,355 + 161,321 Other 514,021 + 8,909 + 74,086 Total deposits 21,108,317 -151,103 +2,151,153 Deferred availability items 2,067,828 - 80,973 - 84,914 Other liabilities including accrued dividends 12,618 - 2,562 3,274 TOTAL LIABILITIES 46,520,906 ^I377B3F +1,728,188 C A P I T AL A C C Q U HS Capital paid in 204,367 33 • 6,342 Surplus (Section 7) 466,711 + 18,522 Surplus (Section 13b) 27,543 Other capital accounts - 53,137 + 68,796 115,628 TOTAL LIABIUTIES AND CAPITAL ACCOUNTS -220,939 +1,821,848 47,335,155 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 52.0^ .1% Contingent liability on acceptances purchased for foreign correspondents 5,482 18 + 2,119 Commitments to make industrial loans 2,437 88 - 4,170 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 MAY h, I9h9 (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 22,509,1*31 760,929 7,225,915 1136,597 1616,981 991,466 I00li,83l l*38l*,296 670,668 1*09,276 895,337 622,817 2790,318 Redemption fund for F. R. notes 603,212 52,388 1*7,954 57,382 75,21*0 51,529 1*2,81*2 10l*,l65 l*l*,ll*8 22,830 55,661* 26,183 lit,909 Total gold certificate reserves 25,112,61*5 815,517 7,275,81*9 1193,979 1690,221 101*2,995 101*7,675 1^88,1*59 711*,8l6 1*32,106 931,001 61*9,000 2835,227 Other cash 269,783 27,535 57,809 12,688 26,172 17,963 20,209 38,62*3 12,761* 6,658 9,062 10,883 29,397 Discounts and advances 1*80,007 I5,u66 254,693 15,756 23,929 21,21*7 14,1*70 73,851 8,250 3,952 9,1*92 6,81*6 32,055 Industrial loans 618 — — 583 - 35 - - — — - — U» S. Govt, securities: Bills U, 882,1*86 356,853 1,157,100 352,585 1*50,517 515,uU 261,765 728,550 265,859 158,061 236,156 211,192 1*32,627 Certificates 6,905,979 476,1*30 1,636,61*9 1*70,1*21 636,91*5 1*45,31*4 570,250 1030,1*89 375,215 223,567 554,028 298,718 611,925 Notes 380,100 26,222 90,080 25,892 35,057 2l*,i*oi 20,378 56,718 20,51*1 12,305 18,385 16,1*1*1 35,680 Bonds 8,670,600 598,167 205l*,3l*5 590,621* 799,698 556,626 1*61*.857 1293.801 168.577 280.693 lilQ.580 T75.0li7 768.285 Total."U.S .Government -securities 20,339,165 11*37,652 l*,933,67i* 11*19.522 1922,017 1357,812 1117,250 5109,558 1126,190 67l*,626 1007,949 901,398 181*6,517 Total loans and securities 21,319,790 11*55,118 5,193,367 11*35,861 I9li5,9^6 1559,094 1131,720 3185,1*09 113l*,l*i*0 678,578 1017,1*1*1 908,21*1* 1878,572 Due from foreign banks ^9 3 1 / 16 1* 1* 2 2 7 2 1 2 2 1* F.R.notes of other banks 10l*.,577 4,056 10,1*81* I*,2l6 6,21*3 23,008 13,227 13,813 5,351 2,8i*5 4,120 1*,323 12,911 'uncollected items 2,32i*,351 185,856 1*12,520 163,657 211*,i*85 186,531* 169,514 560,167 106,261* 65,966 157,291 101,505 220,992 i^ank premises 32 M 1,166 8,ool* 5,051 1*.811 2,528 1,552 3,179 1,926 1,167 2,557 7u5 1,980 other assets 171,518 11,886 39,775 11.1*71* 16.503 10.950 9.226 25.725 Q.78li q.liQli 8.138 7.510 15.295 TOTAL ASSETS 1*7,335,155 21*96,917 12,995,821* 2821*,910 3901*, 185 261*3,071* 2392,923 8113,1*02 1985,547 1192.815 2109,1*12 1682,010 l*99l*,356 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.lul(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY I4, I9U9 (In thousands of dollars) L I A B I L IT E S Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 23,332,ll*3 1381,385 5,327,688 1609,177 2086,0514 15U9.3U1 1293,796 141498,180 1090,017 616,051 918,520 595,209 2366,725 Deposits} Member bank-reserve acct. 19,072,72*9 791,262 6,281,370 899,260 1385,100 791,088 825.9Ui 29248,939 670,580 1436,705 92*1,61*6 882,5514 2218,3eiV U.S.Treasurer-general acct. 990,192* 69,651 160,308 68,023 100,092 56,382 52,725 177,025 67,751 Ii5,86l4 68,282 58,885 65,206 Foreign 531,3 53 32,659 1/176,759 1*1,1*72 147,693 25,1402 21,251* 71,539 18,662 12,960 13,662 18, lM 146,1147 Other 5114,021 2,3145 1*1*2,557 2,1148 7,228 2,1492 761 2,719 5,212 2,220 10,550 U62 35,327 Total deposits 21,108,317 895,917 7,060,9914 1010*903 15140,113 875,3614 900,6814 3200,222 762,205 1*97.71*9 1039,11*0 960,0145 236*4,981 Deferred availability items 2,067,828 166,780 359,228 139,h2h 201,603 175,119 162,307 301,382 100,851 56,710 119,918 95,882 188,6214 Other liabilities including accrued dividends 12,618 803 3,2614 739 1,510 669 567 2,017 515 I4I3 1495 629 997 TOTAL LIABILITIES [46,520,906 2141414,885 12,751,1714 2760,2143 3829,280 2600,1493 2357,3514 8001,801 1953,588 1170,923 2078,073 1651,765 14921,327 Capital paid in 2014,367 11,1*55 69,685 114,882 19,218 8,912 8,055 25,81*1 6,762 It, 537 7,191 8,182 19,61*7 Surplus (Section 7) 1466,711 29,3147 11*3,019 36,7014 1*3,968 22,1417 20,028 68,8142 17*971* 11,797 17,008 11*, 951* 1*0,653 Surplus (Section 13b) 27,5143 3,011 7,319 1*,1*89 1,006 3,31*9 762 1,1429 521 1,073 1,137 1,307 2,1140 Other capital accounts 115,628 8,219 214,627 8,592 10,713 7,903 6,721* 15,1*89 6,502 14,1*85 6,003 5,802 10,569 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*7,335,155 21496,917 12,995,821* 28214,910 390I4,185 262*3,071* 2392,923 8113,1*02 1985,31*7 1192,815 2109,1412 1682,010 1*991**336 Contingent liability on acceptances purchased for foreign correspondents 5,1482 31*5 2/ 1,732 1*39 501* 269 225 757 197 137 197 192 1*88 Commitments to make industrial loans 2>i|57 60 123 1,808 112 235 9 ~ ~ — — 9° *.h. notes outstanding 214,036,118 ll4l4l,56o 5,1465,2437 1658,581 2155,959 1606,075 132*2,057 14585,0324 1127,812 628,936 939,182* 621,713 22|63,770 Collateral for F.R. notes held by F.R.Agentsj Gold certificates 13,199,000 14240,000 2i,670,000 550,000 7145,000 625,000 575,000 2605,000 315,000 210,000 280,000 1824,000 2000,000 Eligible paper 266,1*39 7,1245 210,7147 5,190 -- lli, 175 — ~ 3,1*95 650 2*, 737 — 20,300 u.a.Govt, securities 12,075,000 1100,000 1,000,000 1200,000 1509,000 1025,000 850,000 2000,000 950,000 ii5o,ooo 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 year years years 5 years Discounts and advances 2480,007 32*3,221 120,213 13,605 2,91*9 7 Industrial loans 618 553 3 39 7 16 U.S.Govt; securities 20,839,165 1,206,628 1,973,675 1*,509,733 800,829 1,691,200 2,088,800 1,905,1*00 6.662,000 l/ After deducting $352*, 585,000 participations of other Federal Reserve Banks, 2/ After deducting $3,750,000 participations of other Federal Reserve Bants. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis