H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS Op THE FEDERAL RESERVE SYSTEM H.iul (For Immediate Release) May 19, 19^9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 18 member bank reserve balances increased $138,000,000,. Additions to member bank reserves resulted from increases of $176,000,000 in Reserve Bank credit and $3,000,000 in gold stock and decreases of $60,000,000 in money in circulation and $10,000,000 in nonmember deposits and other Federal Reserve accounts offset in part by an increase of $113,000,000 in # Treasury deposits with Federal Reserve Banks• Excess reserves of member banks on May 18 were estimated to be approximately $1,080,-000,000.. Holdings of loans, discounts and advances increased $571*000*000* while holdings of United State a Government securities decreased $ij.2J4.,000,000,. The decrease in holdings of United States Government securities reflects decreases of $267,000,000 in bills, $Llil ,000,000 in bonds, $1^,000,000 in certificates, and $3,000,000 in notes. Changes in member bank reserve balances and related items during the week and the year ended May 18 19k9 were as follows $ f Increase or decrease since May 18, May 11, May 19, ±9k9 I9h9 19J48 (In millions of dollars) U« S. Government securities 19,706 -I4.2I4. - 392 Loans, discounts and advances 77^ +571 + 5I+8 Other Reserve Bank credit 255 +30 - 95 Total Reserve Bank credit 20,735 +176 + 6l Gold stock 2k$338 + 3 +1*093 Treasury currency k$59l — 1 + 32 Member bank reserve balances 18,302 +138 +1,796 Money in circulation 27,392 - 60 - 298 Treasury cash 1*313 - 1 - 10 Treasury deposits with F R» Banks 1,026 4-113 ~ 586 m Nonmember deposits and other F. R. accounts 1*632 — 10 + 291 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION Hj+.l(a) OF THE TWELVE FEDEBAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since May 18, May 11, May 19, 1919 I9h9 19148 A S S E TS * ~*~ Gold certificates 22,517,14.29 - 2,002 +1,162,259 Redemption fund for F* R. notes 6oi,8l+8 » l 35O - 22,373 g Total gold certificate reserves 23,119,277 Z 3,332 +1,139,886 Other cash 273,970 + 7f880 - ll+,937 Discounts and advances 772,969 +570,209 + 547,719 Industrial loans 637 - 9 26l U S» Govt* securities: # Bills Ii, 189,028 -266,708 -3,5^*773 Certificates 6,717,800 - 13*579 +2,598,807 Notes 359,100 - 2,500 -1,577,700 Bonds 8,U+Q,i+00 -lii0,800 +2,101,750 Total U. S. Government — " securities 19,706,328 -1+23,587 * 391,9l6 Total loans and securities 20,i+79,93l+ +11+6,613 + 155,51+2 Due from foreign banks 1$ F« R. notes of other banks 100,670 - 8ll+ - 11,392 Uncollected items 2,721,702 +303,379 - 2l+9,0ll+ Bank premises 32,lx6l + 13 - 196 Other assets 178,068 + 3,367 + 10,886 TOTAL ASSETS 1+6,906,131 +1+57,106 +1,030,775 L I A B I L I T I ES Federal Reserve notes 23,269,891+ - 60,067 - 326,21+2 Deposits : Member bank-reserve account 18,301,51+3 +137,571 +1,795,995 U.S .Treasurer-general account 1,025,583 +112,866 - 586,503 Foreign l+9i+,002 - 6,1+33 + 125,271+ Other 511,289 - 5,&93 + 8^838 Total deposits 20,3327W +238,311 +1,1+19,601+ Deferred availability items 2,1+66,619 +273,516 - 15^,079 Other liabilities including accrued divids&ds 12,282 117 5,528 TOTAL LIABILITIES 1+6,081,212 +14.51,61+3 + 933,755 C A P I T AL A C C O U N TS Capital paid in 20l+,l+30 1+1+ + 6,3i+2 Surplus (Section 7) 1+66,711 ~- + 18,522 Surplus (Section 13b) 27,51+3 Other capital accounts 126,235 + 5,1+19 + 72,156 TOTAL LIABILITIES AND CAPITAL ACCOUNTS liFT^Tlfl +1+57,106 +1,030,775 Ratio of gold certificate reserves to deposit and F« R» note liabilities combined 53*0% *2% 1+3% Contingent liability on acceptances purchased for foreign correspondents 5,756 + 2l6 + 2,1+57 Commitments to make industrial loans 2,388 - 13 l+,235 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

K.l+.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 18, 191+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. Gold certificates 22,517,1+29 816,706 6,899,786 1206,019 1652,559 1051,507 1012,1+75 1+550,107 706,291+ 1+1+1,1+71 865,14.98 658,792 2956,1+55 Redemption fund for F. R. notes 601,81+8 52,225 1+7,155 57,079 73,027 52,291 1+2,691 105,950 -J-4+,092. 22,805 55,621+ 26,127 lil+,80l+ Total gold certificate reserves 25,119,277 868,951 6,91+6,939 1265,098 1705,366 1083,798 1055,166 l+l+3l+,037 750,386 464,276 901,122 664,919 2981,259 other cash 275,970 27,545 57,660 14,036 24,271 18,857 22,954 56,971 15,342 7,594 10,395 10,580 29,969 Discounts and advances 772,969 24,289 480,204 18,558 21,549 25,097 14.577 150,679 12,959 7,665 11,401 4,86o 25,551 Industrial loans 657 599 58 —— -U. S. Govt, securities: Bills 4,139,028 288,995 992,758 285,348 386,358 268,923 224,536 625,074 226,584 155,611 202,615 181,197 571,181 Certificates 6,717,800 465,447 1,592,052 457,605 619,539 451,265 560,162 1002,409 563,043 217,476 324,926 290,578 595>252 Kotes 359,100 24,774 85,103 24,461 35,120 25,055 19,252 53,584 19,407 11,625 17,369 15,533 31,819 Bonds 8,440,400 582,286 2,000,290 574,944 778,467 541,848 452,515 1259,452 456,156 275,241 403,246 365,089 747306 Total U.S.Government securities 19,706,328 1559,500 4,670,205 1542,556 1817,534 1265,087 1056,515 2940,519 1064,970 657,955 953,156 852,597 1746,158 Total loans and securities 20,479,934 1385,789 5,150,407 1561,495 1859,085 1288,222 1070,892 5071,198 1077,929 645,618 964,557 857,257 1769,489 Due from foreign banks 49 5 l / l6 4 4 2 2 7 2 1 2 2 4 F.R.notes of other banks 100,670 4,759 12,521 5,585 6,290 17,569 9,933 13,850 7,350 2,977 5,375 4,504 12,56l Uncollected items 2,721,702 214,556 528,584 182,071 262,162 227,215 191,568 405,918 127,809 77,552 136,541 137,321 232,825 Bank premises 32,l+6l 1,166 8,012 5,051 4,306 2,528 1,552: 5,185 1,926 1,167 2,557 745 1,990 other assets 178,063 12,255 1+2,116 n,8o6 16,562 11,451 9,518 26,565 10,205 5,613 8,402 7,705 15.892 TOTAL ASSETS 46,906,131 2512,802 12,746,255 2839,122 3858,544 2649,422 2361,585 7989,727 1988,949 1204,578 2028,747 1682,851 5043,769 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.if.l( ) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 18, 1949 c (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila, Cieve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas S nFran. a federal Reserve notes 23,269,894 1377,220 5,311,595 1608,62+1 208!;,559 1544,545 1283,403 i4iU87,289 1083,923 613,436 912,311 590,684 2372,288 Deposits: Member bank-reserve acct. 18,301,543 766,369 5,943,471 869,650 1320,600 748,l48 782,068 2827,851 6614,803 443,192 852,811 851,978 2230,602 U.S.Teasurer-general acct, 1,025,583 81,468 176,250 97,562 89,779 70,687 52,-964 123,572 62,595 44,881 73,348 64,841 87,636 r Foreign 494,002 30,7691/159,909 39,072 44, 933 23,932 20,021* 67,399 17,583 12,210 17,583 17,094 43,494 °ther 511,289 2,902 1+37,718 1,580 7,165 1,960 818 3,063 4,857 1,520 17,181 469 32,056 Total deposits 20,332,1+17 881,508 6,717,348 1007,861+ 11+62,1+77 8l+l+,727 855,874 3021,885 749,838 501,803 960,923 934,382 2393,788 Deferred availability items 2,1+66,619 200,1+1+5 466,999 156,502 23l+,307 216,264 185,526 365,418 122,356 66,21+6 123,183 126,637 202,736 Other liabilities including accrued dividends 12,282 787 3,131 680 1,274 592 523 1*881 44l 928 474 520 1,051 TOTAL LIABILITIES 1+6,081,212 2I+59,960 12,499,073 2773,687 3782,617 2606,128 2325,326 7876,473 1956,558 1182,1+13 1996,891 1652,223 4969,863 Or. itRi paid in 2ol+,l+30 11,1+67 69,706 14,874 19,232 8,915 8,058 25,848 6,767 4,538 7,193 8,184 19,648 P ^urpius (Section 7) 466,711 29,347 143,019 36,704 43,968 22,1+17 20,028 68,842 17,974 11,797 17,008 14,954 40,653 ^urpius (Section 13b) 27,51+3 3,on 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,11+0 other capital acoou&tis 126,235 9,017 27,138 9,368 11,721 8,613 7,211 17,135 7,129 4,757 6,518 6,165 11,465 TOTAL LIABILITIES AND ' ' " CAPITAL ACCOUNTS 1+6,906,131 2512,802 12,71+6,255 2839,122 3858,544 2649,422 2361,385 7989,727 1988,949 1204,578 2028,747 1682,831 5043,769 Contingent liability on acceptances purchased for foreign correspondents 5,756 363 2/ 1,818 46l 530 282 236 795 207 144 207 201 512 Commitments to make industrial — ^ns , 2,388 60 - 98 1,795 10U 235 9 87 P *.«. notes outstanding 2l+,ool+,259 11+30,002 5,458,639 1650,297 2163,499 1601,850 1340,271 4571,800 1121,459 627,780 936,818 618,623 21+83, ,221 Collateral for F.R, notes held by F.R.Agentss 210,000 280,000 184,000 2100, ,000 Gold certificates 13,454,000 i+l+o,ooo 4,670,000 550,ooe 900,000 625,000 575,000 2605,000 315,000 4,350 6,627 11, .550 Migible papsr 509,279 15,935 438,102 7,930 — 16,600 — ~ 8,185 u.i>.Cxovt. securities 11,825,000 1100,000 1,000,000 1200,000 1300,000 1025,000 850,000 2000,000 900,000 450,000 700,000 500,000 800, ,ooe MATURITY DISTRIBUTION OF LOANS AND SECURITIES %thin 16 to 31 to 61 to 91 days to 6 months 1 to 2 2 to 5 (Ver Total 15 days 3° days 60 days 90. days $ months to 1 year years years 5 years 772 i^AirLT™" -?g ™>w ^* ^^ ~^ W f 16 * • o v- securities 19,706,328 2,333,1^5 956,538 3,966,867 1*98,978 1,831,200 2,003,200 — l,658»6oo 6,457,500 l/ After deducting $331;,065,000 participations of other Federal Reserve Banlcs # 2/ After deducting $3.,938,000 participations of other Federal Reserve Banks* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis