H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM H.l+.l (For Immediate Release) June 9, 191+9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 8, member bank reserve balances increased $9^,000,000* Additions to member bank reserves resulted from decreases of $2i|I|.,000,000 in Treasury deposits with Federal Reserve Banks, $31,000,000 in money in circulation, and $6,000,000 in Treasury cash, and an increase of $39,000,000 in gold stock, offset in part by a decrease of $189,000,000 in Reserve Bank credit and an increase of |37,000,000 in nonmember deposits and other Federal Reserve accounts * Excess reserves of member banks on June 8 were estimated to be approximately $950,000,000* Holdings of United States Government securities decreased 1173,000,000, reflecting decreases of $77,000,000 in bills, $71,000,000 in bonds, and 125,000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year ended June 8, 19^9 were as follows: Increase or decrease since June 8, June 1, June 9, 1949 1949 1948 • »HU !•• (In i millions of dollars) U# S. Government securities 19,594 -173 - 755 Loans, discounts and advances 158 - 1 - 155 Other Reserve Bank credit 20k - 15 - 89 Total Reserve Bank credit 19,956 -189 - 999 Gold stock 24,381 + 39 +1,019 Treasury currency 4,596 + 36 + 1 Member bank reserve balances 18,170 + 94 +1,016 Money in circulation 27,484 - 31 - 380 Treasury cash 1,315 - 6 - 22 Treasury deposits with F# R. Banks - 766 378 -244 ilarmiember deposits and other F* R» accounts + 206 1,585 + 37 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.ii.l(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase i or decrease since June 8, June 1, June 9, 192*9 19^9 192*8 A S S E TS Gold certificates 22,569,2*29 + 1*2*,998 +1 .102*. 2 59 Redemption fund for F. R. notes 588,752 - 2,92*6 - 31,970 Total gold certificate reserves 23,158,181 + 2*2,052 +T, 072,289 Other cash 258,277 + 8,209 + 3,685 Discounts and advances 157.0U3 - 1.757 - 155,299 Industrial loans 578 2*1 - 313 U. S. Govt, securities! Bills 2*, 202,135 - 77,000 -3,732,756 Certificates 6,830,100 - 25,000 +2 , 52*0,593 Notes 359,100 — -1 ,583,700 Bonds 8,202,300 - 71,300 +2 ,020,512* Total U. S. Government securities 19,593,635 -173,300 - 755,32*9 Total loans and securities 19,751,256 -175,098 - "910,961 Due from foreign banks 2*9 —i -- F. R. notes of other banks 100,691 + 9,82*6 - 2,686 Uncollected items 2,325,9^2 - lit, 121 - 176,686 Bank premises 32,2*17 + 28 - 151 Other assets 179,021 + 2,759 + 5,1*02 TOTAL ASSETS 145,80 5,83i+ -126,325 - 9,108 L I A B I L I T I ES Federal Reserve notes 23,338,516 - 17,2*50 > 383,559 Deposits: Member bank-reserve account 18,170,1+33 + 9i*,399 +1 ,016,353 U.S.Treasurer-general account 378,1+61 -22*3,878 - 765,373 Foreign 2i81.963 + 28,92*5 + 110,996 Other 2*63,626 + 5,2*37 + 6,12*9 Total deposits 1971*91*71*83 -115,097 +"~ 368,125 Deferred availability items 2,121,528 + 390 - 88,123 Other liabilities including accrued dividends 13,82*5 + 1,186 - 3,209 TOTAL LIABILITIES 2*2*, 968,372 -130,971 z~ 106,766 C A P I T AL A C C O U N TS Capital paid in 201*, 509 • 17 + 6,515 Surplus (Section 7) 2*66,711 -_ + 18,522 Surplus (Section 13b) 27.51*3 -- — Other capital accounts 138,699 + 2*,629 + 72,621 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 2*5,805,832* -126,325 __ 9,108 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 5k. 1% .3* 2.6^ Contingent liability on acceptances purchased for foreign correspondents 2*. 915 293 1,617 Commitments to make industrial loans 2,2*01 26 2*, 203 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 JUNE 8, 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 22,569,429 808,229 7,250,121 lll44,006 l602,502 1033,650 1022,667 4555.287 675,303 439,795 812,090 616,584 2831,215 Redemption fund for F. R. notes 538,752 51,352 50,715 56,518 72,654 50,088 42,547 91,700 45,974 22,740 55,547 26,081 1+4,556 Total gold certificate reserves 25,158,181 860,081 7,300,836 1200,524 1675,136 1083,718 1065,014 4424,987 719,277 462,535 847,657 642,665 2875,771 other cash 258,277 25,4lO 55,789 11,505 26,055 17,997 19,177 57,178 12,035 6,284 8,660 9,293 28,896 Discounts and advances 157,043 8,598 52,002 10,498 11,225 15,594 4,955 24,205 5,577 2,840 11,652 3,430 8,869 Industrial loans 578 547 31 —- -— U. S. Govt, securities} Bills 4,202,135 289,897 995,864 286,241 387,567 269,764 225,289 627,030 227,092 136,056 203,249 181,765 372,345 Certificates 6,850,100 471,195 1,618,666 465,253 629,947 458.475 566,182 1019,166 569,HI 221,111 330,358 295,456 605,202 Botes 359,100 24,774 85,103 24,461 35,120 25,055 19,252 55,584 19,407 11,625 17,369 15,553 51,819 Bonds 8,202,500 565,860 1,945,865 558,724 756,506 526,565 439,750 1225,923 445,269 265,535 396,729 554,791 726,789 Total U.S.Government -securities 19,595,655 1551,726 4,645.496 1554,679 1807,140 1257,855 1050,475 2925,703 1058,879 634,305 947,705 847,523 1736,153 Total loans and securities 19,751,2561360,324 4,695,498 1545,724 1818,565 1271,278 1055,428 2947,906 1064,256 657,145 959,357 850,953 1745.022 Due from foreign banks 49 3 1 / 16 4 4 2 2 7 2 1 2 2 4 F.R.notes of other banks 100,691 4,oo4 iIT,i49 4,564 6,on 14,556 8,699 15,270 7,262 4,592 5,556 4,256 14,572 Uncollected items 2,525,942 175,647 407,545 142,029 209,859 207,841 171,540 361,822 131,281 68,997 137,187 117,369 197,025 Bank premises 32,4l7 l,l62 7,995 5,025 4,796 2,520 1,549 5,182 1,922 1,161+ 2,551 740 2,011 Other assets 179,021 12,445 4l,8l5 11,779 16,745 H,477 9,619 27,082 10,251 5,756 8,5l|B 7,696 15,852 TOTAL ASSETS 45,805,834- 2437,074 I2,5?3.!i4l 2718,952 3756,971 2609,389 2331,028 7815,434 1946,266 1186,254 1969,098 1632,974 4878,955 l/ After deducting $55,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

K.2+.l( ) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 8, I9I+9 c (In thousands of dollars) L I AB I L I T I ES Total Boston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,558,516 1382,81+1; 5,332,691 1612,997 208l;,2l;5 15ii5,798 1288,125 l;lt8l;,06l 1081,0l;3 612,631; 917,077 599,855 2397,11+6 Deposits* Member bank-reserve acct. 18,170,1+35 783,236 5,923,769 81+7,395 1326,702 766,621; 789,805 2796,408 661,721 452,722 852,875 82;5,l6o 2124,020 U.S.Treasurer-general acct. 378,1+61 21,255 93,825 26,082 28,691; 26,674 29,594 57,916 21,171; 17,088 17,829 28,603 29,727 Foreign 1+81,965 29,975 1/ 156,1+61 38,061; 43,774 25,512; 19,508 65,660 17,129 11,895 17,129 16,653 1+2,1+01 °ther 2+65,626 5,250 599,106 1,828 5,821; 5,all 1,281 1,775 5,aa9 1.7U0 6,768 5a5 52,669 Total deposits 19,494,485 857,696 6,575,161 915,569 il&k,99h 820,0^5" 8l;0,186 2901,759 705,175 aB5,2+2+5" 89a, 599 890,961 "2228,817 Deferred availability items 2,121,528 162,067 565,555 125,1:55 189,161 198,783 165,222; 312,508 126,11+9 67,122 12a, 360 110,556 176,828 Other liabilities including accrued dividends 13,82+5 866 3,955 855 1,520 721; 638 2,088 575 2+19 611 5a5 1,075 TOTAL LIABILITIES 2+2;.968,372 2333,2i73 12,273,320 2652,652; 5679,920 2565,528 2294,175 7700,2+16 1913,22,0 1163,620 1936,61+7 1601,717 4805,864 Capital paid in 204,509 11,474 69,708 14,890 19,228 8,915 8,070 25,855 6,769 4,540 7,205 8,208 19,649 Surplus (Section 7) 466,711 29,347 1145,019 56,7014 45,968 22,1;17 20,028 68,8i;2 17,972+ 11,797 17,008 ll;,954 40,655 S rplus (Section 15b} u 27,52+5 5,011 7,519 a,2+89 1,006 5,349 762 1,429 521 1,073 1,137 1,307 2,il+o Other capital accounts 138,699 9,769 30,075 10,215 12,8l;9 9,380 7,995 18,894 7,762 5.222; 7,101 6,788 12,62+7 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 245,805,8324 2l;57,074 12,523,42a 2718,952 3756,971 2609,389 2351,028 7815,2432; 19246,266 1186,252; 1969,098 1632,972; 2t878,953 Contingent liability on acceptances purchased for foreign correspondents 24,915 502 2/ 1,655 583 hhl 235 196 662 173 120 173 168 2+27 Commitments to make industrial loans 2,526 60 127 1,788 30 229 9 83 F.R. notes outstanding 21;,056,621 114324,098 5,489,795 1662,798 2152.U74 1600,286 1355,780 4564,275 1115,017 626,869 940,800 630,759 2505,670 Collateral for F.R. notes held by F.R.Agents j Gold certificates 15,554,000 440,000 4,570,000 550,000 900,000 625,000 575,000 2805,000 315,000 210,000 280,000 18!+, 000 2100,000 Eligible paper 2+0,055 2,890 15,072 5,250 — 8,955 2,115 575 8,390 806 U.S.Govt, securities 11,625,000 1100,000 1,000,000 1200,000 1500,000 1025,000 850,000 1800,000 900,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 5511 toto 61 to 9I days to 6 months 1 to 2 2 to 5 Over Total 15 days 50 days 6600 ddaayyss 90 days 6 months to 1 year years years 5 years Discounts and advances 157,043 61;,945 6,1;5Q 2,947 82,209 I490 24 Industrial loans 578 517 5 51 h 7 16 U.S.Govt, securities 19.595,655 1,554,576 5,299,778 778824;,, 662299 1,393,152 1,82+6,200 2,975,000 1,637,300 6,325,000 l/ After deducting $325,2+2+7,000 participations of other Federal Reserve Banks. 2/ After deducting $3,280,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis