H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM H.l±.l (For Immediate Release) May 26, 19I4.9 CONDITION OF THE FEDERAL' RESERVE BANKS Buring the week ended May 25 member bank reserve balances decreased |275,000,000 Reductions in member bank reserves resulted from a decrease of % 1687,000,000 in Reserve Bank credit, offset in part by decreases of $25,000,000 in money in circulation, $358*000,000 in Treasury deposits with Federal Reserve Banks, and $27*000,000 in nonmember deposits and other Federal Reserve accounts* Excess reserves of member banks on May 25 were estimated at $760,000,000, Holdings of loans, discounts and advances decreased $602,000,000 and holdings of United States Government securities, $15,000,000* The decrease in holdings of United States Government securities reflects a decrease of $70,000,000 in bonds, and increases of $25,000,000 in bills and $30,000,000 in certificates* Changes in member bank reserve balances and related items during the week and the year ended May 25, I9J4.9 were as follows: Increase or decrease since May 25, May 18, May 26, ___l9ij9 19U8 (In millions of dollars ) U. S* Government securities 19,691 - 15 - 901 Loans, discounts and advances 172 -602 - 150 Other Reserve Bank credit 185 - 70 - 101 Total Reserve Bank credit 20,010 -687 -1-153 Gold stock 21+, 339 + 1 +1,014+ Treasury currency i+,591 + 30 Member bank reserve balances 18,027 -275 +1,126 Money in circulation 27,367 - 25 - 333 Treasury cash 1,312 - 1 - 2.1 Treasury deposits with F* R* Banks 668 -358 -1,120 Nonmember deposits and other F. R* accounts 1,605 - 27 + 270 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT CF CONDITION H,iul(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since May 25, May 13, fey 26, 19U9 1*9 I9h8 A S S E TS Gold certificates 22, 529,li31 + 12,002 +1,1214,261 Redemption fund for F. R. notes 587,138 - Hi, 710 - 33,585 Total gold certificate reserves 23,116,569 - 2,708 +1,090,676 Other cash 276,866 + 2,896 3,1455 Discounts and advances 171,190 - 601,779 - 1149,567 Industrial loans 627 - 10 260 U. S Govt, securitiess ft Bills 24,215,635 + 2U.607 -3,982,956 Certificates 6,7/47,800 + 30,000 +2,621,807 Notes 359,100 — -1,587,700 B nds 8,370,600 - 69,800 +2,0)47,600 0 Total U» S Government # securities 19,691,135- 15,193 - 901,2149 Total loans and securities 19,862,952 - 616,982 -1,051,076 Due from foreign banks ' [49 F t R. notes of other banks 98d907 - 1,763 5,1*78 Uncollected items 2,312,883 - Ii08,8l9 - 196,151 Bank premises 32,1437 - 214 18a Other assets 181,880 + 3,812 + ii,37i TOTAL ASSETS 145,882,5143 -1,023,588 - 15fc.293 L I A B I L I T I ES Feder~al""Reserve notes " 23,2140,920 - 28.97U - 3247,005 Deposits! Member bank-reserve account 18,026,670 - 27U,873 +1 ,125,603 U.S.Treasurer-general account 667,528 - 358,055 -1 ,120,032 Foreign 1482,609 - H,393 + 110,311 Other 1495,358 - 15,931 + 79,551 Total deposits 19,6T^, 16b - 660,^5^ +• • 195,U33 Deferred avaiic.bility items 2,127,825 - 538,79U - 924,759 Other liabilities including accrued dividends 12,878 + 596 - 5,005 TOTAL LIABILITIES 1*5,053,788 -1,027,14224 ~ 251,336 C A P I T AL A C C O U N TS Capital paid in 2014,1461 + 31 + 6,3Ul S rplus (Section 7) 1466,711 — + 18,522 u Surplus (Section 13b) 27,5143 . .. Other capital accounts 130,0U0 + 3,805 + 72,180 TOTAL LIABILITIES MD CAPITAL ACCOUNTS U5.882.5U3 -1,021,588 - 1524,293 Ratio of gold certificate reserves to deposit and F. R, note liabilities combined 53.9?° .9% 2.8% Contingent liability on acceptances purchased for foreign correspondents 5,765 + 9 2,ii65 Commitments to make industrial loans 2,373 - 15 U.261 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 25. 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 22,529,1+51 805,888 7,091,652 1155,155 1618,953 1009,250 1002,722 1+598,1+12 702.755 1+51,817 855,1+76 608,112 2855.299 Redemption fund for F. R. notes 587,158 52,066 1+6,1+91+ 56,819 72,81+5 51,291+ 1+2,510 91,876 1+1+.01+5 22,778 55,585 26,123 l+u.707 Total gold certificate reserves 25,116,569 855,951+ 7,158,126 1211,951+ 1691,796 1060,51+1+ 101+5,252 1+1+90,288 71+6,780 l+7l+,595 869,059 634,255 2898,006 other cash 276,866 26,1+56 58,298 12,1+88 27,1+26 18,565 21,272 57,689 ll+,l+97 7,059 11,087 10,868 51,165 Discounts and advances 171,190 12,951+ 5l+,569 15,^3 15,919 10,967 7,552 17,111+ 6,589 3,6oo 9,726 1+,125 15,032 Industrial loans 627 —- 59l+ —- 55 — --- — — — U. S» Govt, securities: Bills 1+,215,655 290,690 998,589 287,021+ 588,628 270,505 225,906 628,71+6 227,715 156,1+08 205,805 182,261 373-362 Certificates 6,71+7,800 1+65,517 1,599,161 1+59,61+7 622,356 1+55,188 561,770 1006,887 361+,665 218,1+1+6 326,578 291,876 597,909 Notes 559,100 2l+,77l+ 85,105 2i+,l+6l 53,120 25,055 19,252 53,581+ 19,1+07 11,625 17,569 15,555 31,819 Bonds 8,370,600 577,1+71 1,985,71+9 570,189 772,029 537,568 li*S,773 121+9.035 1+52.363 270.982 l+0k.S69 362.070 7ltl .702 Total II. SU Government securities 19,691,135 1358,1+52 l+,666,602 151+1,521 1816,155 1261+,112 1055,701 2958,252 1061+,il+8 65?,l 6l 952,1+21 851,71+0 l7lfli,792 4 Total loans and securities 19,362,952 1571,1+06 l+,72l,17l 1555,558 1852,052 1275,112 1065,055 2955,566 1070,557 61+1,061 962,ll+7 855,865 1759,821+ Due from foreign banks k9 5 l / l6 1+ 1+ 2 2 7 2 1 2 2 1+ F.R,notes of other banks 98,907 l+,550 11,661+ 1+,518 6,556 17,765 8,552 ll+,l8l 7,750 2,668 5,159 5,1+50 12,551+ Uncollected items 2,3*2,885 176,1+06 1+1+5,591 ll+9,255 211,761 210,212 l61+,l+75 558,011+ 129,522 62,81+6 120,026 112,01+5 192,752 Bank premises 52,1+57 1,166 8,013 3,025 l+,8o6 2,520 l,5l+8 3,185 1,925 1,167 2,357 ?!+3 1,981+ Other assets 181,880 12,509 1+2,896 12,01+1 16,936 11,700 9,718 27,21J+ 10,395 5,768 8,597 7,876 16,230 TOTAL ASSETS 1+5,882,51+3 21+1+8,1+50 12,1+25,775 271+8,1+23 3791,157 2596,1+18 2515,852 7865,91+2 1981,1+08 1195,165 1978,1+11+ 1625,062 1+912 ,517 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. 2*. 1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON M&Y 25, 192*9 (In thousands of dollars) L I A B I L IT I E S T 0 tal Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanF r an. Federal Reserve notes 25,22*0,920 1572*, 557 5,516,02*9 1611.2*17 2082,568 152*0,12*1 1278,727 2*1*76,930 1078,1*55 610,690 908,807 589,275 2375,526 Depositsj Member bank-reserve acct. 18,026,670 78i*,l*51 5,775,602 852,3Ui 1521*,008 7^8,729 782,022 2800,527 668,2*65 1451,798 82*7,510 859,082 21514,5524 U.S.Treasurer-general acct. 667,528 39,881* 99,096 1*7,1*88 51*, 057 1+2,198 58,72+2 95,529 55,31*6 59,677 56,829 245,819 56,865 Foreign 2*82,609 29,226 1/ 165,261 57,112 1*2,679 22,751 19,020 62*,018 16,700 11,598 16,700 16,237 241,327 °ther ^95,558 2,990 1435,369 1 ,1*99 6,1*22* 1,752 773 2,206 2*, 91*5 1,5114 6,298 351 31,259 Total deposits 19,672,165 856,531 6,2*75,528 938,2*2*5 12*27,168 815,2*10 82*0,557 2962,080 7145,2452 502*, 587 927,157 899,1489 2285,985 Deferred availability items 2,127,825 165,559 58i*,9l8 152,150 205,798 196,755 157,627 510,987 126,5514 57,189 109,815 102*, 867 179,828 Other liabilities including accrued dividends 12,878 811 5,557 7U9 1,2*20 661 591 1,976 2*77 562* 565 59I4 1,115 TOTAL LIABILITIES 1*5,055,788 2395 58 12,177,852 2682,739 371l4,95l4 2552,965 2277,502 7751,975 19148,716 1172,850 191*6,522* 159U,225 2*650,250 Capital paid in 202*, 1*61 11,2*63 69,706 ll*,87l* 19,235 8,915 8,065 25,852 6,767 i*,5Uo 7,201 8,198 19,62*9 Surplus (Section 7) 2*66,711 29,52*7 12*5,019 56,701* 1*5,968 22,2*17 20,028 68,82*2 17,9714 11,797 17,008 l2*.,95l* 1*0,655 Surplus (Section 15b) 27,5145 5,011 7,519 14,1*89 1,006 5,5149 762 1,2*29 521 1,073 1,157 1,507 2,12*0 Other capital accounts 150,02*0 9,171 27,879 9,617 11,976 8,772 7,1477 17,82*6 7,1*50 2*,925 6,72*2* 6,578 11,825 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*5,882,5145 22*2*8,2*50 12,2*25,775 272*8,2*25 5791,137 2596,2*18 2515,852 7865,9142 1981,2*08 1195,165 1978,1*12* 1625,062 1*912,517 Contingent liability on acceptances purchased for foreign correspondents 5,765 565 2/ 1,822 2*61 550 282 236 796 208 12*2* 208 202 513 Commitments to make industrial loans 2,373 60 9I4 1,795 99 229 9 87 F.R. notes outstanding 25,962,598 ..12*22*, 163 5,2*61,708 1652,765 2155,501 1595,685 1555,62*2 2*562,2*85 1112*,676 626,163 933,018 616,837 21*85,957 Collateral for F.R. notes held by F.R.Agents: Cold certificates 13,5514,000 2*2*o,ooo 2*, 570,000 550,000 900,000 625,000 575,000 2805,000 315,000 210,000 280,000 182*, 000 2100,000 Eligible paper 50,005 6,175 18,867 2*, 83 5 5S 395 2,515 910 5,852 5,2*56 U.S.Govt, securities 11,625,000 1100,000 1,000,000 1200,000 1500,000 1025,000 850,000 1800,000 900,000 2*50,000 700,000 500,000 800,000 MATURITY DISTRIBUTION IP LOANS AND SECURITIES Within 16 to 5511 "tto° 61 to 91 days to 6 months 1 to 2 2 to [ Over Total 15 days 50 days 6600 ddaayyss 9O days 6 months to 1 year years years 5 years Discounts and advances 171,190 83,577 2*,999 22,,881199 79,780 11 2* Industrial loans 627 562* 5 37 7 16 U.S.Govt, securities 1,652,000 6,39lj,300 19,691,135 2,355,1*91* l,052**057 5,867,029 560,855 1,82*6,200 2,005,200 1/ After deducting $517,508,000 participations of other Federal Reserve Banks. 2/ After deducting $3,92*5,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis