H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U.I (For Immediate Release) June 16, 19U9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 15 member bank reserve balances increased $436,000,000. Additions to member bank reserves resulted from decreases of $369,000,000 in Treasury deposits with Federal Reserve Banks, $93,000,000 in money in circulation, and $6,000,000 in Treasury cash, and an increase of $1+2,000,000 in gold stock, offset in part by a decrease of $1*5,000,000 in Reserve Bank credit and an increase of $29,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on June 15 were estimated to be approximately $1,260,000,000. Total holdings of United States Government securities decreased $133,000,000. An increase of $217,000,000 in certificates, due to the issuance to the Federal Reserve Banks of a special series certificate of indebtedness in the amount of $220,000,000, was offset by decreases of $198,000,000 in bills a*Wi $152.,000,000 in bonds. Holdings of loans, discounts and advances decreased $18,000,000. Changes in member bank reserve balances and related items during the week: and the year ended June 15, 191+9 were as follows: Increase or decrease since June 15, June 8, June l6, 191+9 19U9 191+8 (in millions of dollars) U. S. Government securities 19 ,1+61 -133 -1,288 Loans, discounts and advances ll+O - 18 - 156 Other Reserve Bank credit 310 +106 - 161+ Total Reserve Bank credit 19,911 - k5 -1,608 Gold stock 21+ ,1+23 + 1*2 + 908 Treasury currency 1+.596 + 36 Member bank reserve balances 18,606 +1+36 + 607 Money in circulation 27,391 - 93 - 1+17 Treasury cash 1,309 - 6 - 22 Treasury deposits with F, R. Banks 9 -369 - 975 Nonmember deposits and other F. R, accounts l,6ll+ + 29 + 124.2 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.U.l(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or ( decrease since June 15, June 8, June 16, 19^9 19^9 19^8 A S S E TS Gold certificates 2222,,661177,,11++2299 ++ 4488,,000000 ++ 994,259 Redemption fund for F. R. notes 590,503 + 1,751 - 27,719 Total gold certificate reserves 2572077932 +"7+9,751 + 966,52+0 Other cash 270,800 + 12,523 + 7,961 Discounts and advances 139,257 - 17,786 - 154,775 Industrial loans 515 63 - 1,353 U. S. Govt, securities: Bills 4,00l+,l+43 -197,692 -1^236,188 Certificates 7,02+6,600 +216,500 +2 ,649,593 Notes 359,100 — -1 ,575,700 Bonds 8,050,500 -151,800 li ,873,714 Total U. S. Government -•• • i securities 19,1*60,61*3 -152,992 -1 ,288,581 Total loans and securities 1976007105" -150,82+1 ^1 ,2+2+24,709 Due from foreign banks 49 .- ~ F. R. notes of other banks 110,682 + 9,991 mm 9,428 Uncollected items 3,025,531 +699,589' - 425,U3 Bank premises 32,631+ + 217 + 69 Other assets 116,150 - 62,871 •" 20,565 TOTAL ASSETS 2+6,362 ,193 +558,359 • 925,22+5 4 L I A B I L I T I ES Federal Reserve notes 23,270,836 - 67,680 - 417,996 Deposits: Member bank-reserve account 18,605,961 +435,528 + 607,l40 U.S.Treasurer-general account 8,758 -369,703 mm 975,043 Foreign 468,004 - 13,959 + 111,006 Other 108,026 - 25,600 - 83,937 Total deposits 19,520,71+9 + 26,266 ~ "34o7H34 Deferred availability items 2,715,474 +593,946 - 261,486 Other liabilities including accrued dividends 14,193 + 348 - 4,059 TOTAL LIABILITIES 45,521,252 +552,880 TI ,022+,375 C A P I T AL A C C O U N TS Capital paid in 20i+,588 + 79 + 6,229 Surplus (Section 7) 2+66,711 + 18,522 Surplus (Section 13b) 27,51+3 -- —-. Other capital accounts 144,099 • 5,l+oo + 74,379 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 4b,30+,l93 +558*355" ~ 925,245 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 5iw2# + .1% 3.¥ Contingent liability on acceptances purchased for foreign correspondents 1**836 - 79 1*863 Commitments to make industrial loans 2,3lU - 87 i4*3io 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 JUKE 15, 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 22,617,1+29 808,575 7,569,016 1179,273 1606,923 1006,961+ 979,026 1+359,592 670,861+ 1+28,880 810,069 601,5912816,856 Redemption fund for F. R.. notes 590,505 51,851 50,715 56,518 72,651+ 52088 1+2,31+7 91,500 1+3,971+ 22,71+0 55,546 26,0*4 44,556 r Total gold certificate reserves 23,207,952 860,1+26 7,1+19,751 1255,791 l6?9,557 1059,052 1021,575 i+431,092 7li+,838 1+51*620 81+5,615 627,1+25 2861,1+12 Other cash 270,800 25,923 54,1+80 12,038 2l+,845 18,122 23,182 39,108 13,041 7,502 10,504 11,334 30,716 Discounts and advances 139,257 12,023 43,007 10,278 12,730 11,549 5*655 15,428 4,937 3,21+0 8,262 3,429 3,369 Industrial loans 515 1+85 —- 30 —— —- — —- —- U. S. Govt, securities: Bins 4,oc4,l+l+3 276,258 949,015 272,775 569,534 257,073 214,690 597,531 216,408 129,636 193,687 173,212 354,326 Certificates 7,Ol+6,6oo 486,130 1,669,974 1+30,001 649,915 452,370 377,790 1051,472 380,312 223,320 340,829 304,801 62'4.536 Notes 359,100 24,77i+ 85,103 24,1+61 33,120 23,055 19,252 53,531+ 19,1+0? 11625 17 .*>C9 jc, ^y 3.',319 Bonds 8,050,500 555,583 1,907,888 543,585 742,506 516,819 1+51,612 1201,272 455,065 260,613 53>,p67 343,224 ?.:. 3,^38 Total U.S.Government securities 19,1+60,643 1342,550 4,611,978 1325,620 1794,875 121+9,515 10l+5,3lj4 2903,859 1051,692 629,999 941,272 841,770 1724,369 Total loans .tend securities 19,600,415 1554,575 4,654,985 1536,385 1807,605 1260,694 1048,999 2919,237 1056,679 655,259 949,554 845,199 1753,238 Due froia fdreign banks 49 3 l / l6 4 4 2 2 7 2 1 2 2 4 FJUnotes of other banks 110,682 4,422 lZ+,513 5,050 7,882 16,042 10,556 14,896 6,148 4,457 6,224 4*973 15.739 Uncollected items 3,02-5,531 239,050 545,21+0 199*241+ 304,879 254,130 206,725 1+64,365 166,622 90,577 149,253 139,129 264,.^57 Bank premises 32,654 l,l62 8,000 3,025 !+,791 2,520 1,548 3,182 1,922: 1,164 2,351 7i+0 2.,,'29 Other assets 116,150 12,591 25,993 7,ll+6 10,1+57 7,126 5,990 1?,1G8 6,551 5,444 5,299 l+>?66 9,699 TOTAL ASSBTS 46,361+,195 21+98,155 12,722,958 2798,681 581+0,020 2617*688 2518,175 7889,045 1967,785 1191,784 1968,762 1655,568 1+917,574 l/ After deducting $53,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.li.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 15, I9I49 (In thousands of dollars ) L I A B 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 23,270,836 1381,288 5,317,178 1619,158 2079,2ii8 1559,575 1279,ii75 i|U72,229 1077,0148 609,001 912,964 596,125 2387,751 Deposits: Member bank-reserve acct. 18,605,961 806,611 6,166,389 873,590 1362,495 780,661 779.788 2828,291 670,781 462,346 ,265 860,566 2146,580 U.S.Treasurer-general acct. 8,758 5u8 / 813 5U7 55U 513 508 505 571 1,671 506 517 1,505 Foreign 468,064 28,986 iV/-115^37 ,2?7V2P 5^ 6,8Q0H8D 41.20, 5*2o9o 22,5li5 18,864 65,49a 16,564 11,503 16,564 16,104 40,971 0ther 438,026 h,Hh 565,257 7,921; 5,876 2,411 k5k 3,002 5,610 1,917 6,019 387 3U,li55 Total deposits 19, 520,7^4.9 840,859 6,685,731 918,669 1411,254 806,130 799.614 2895,292 693,526 477,437 891,352 877,574 2223,311 Deferred availability items 2,715,1474 221,094 464,615 193,401 270,517 227,135 201,546 1;05,406 165,572 81,840 151,155 127,791 229,826 Other liabilities including accrued dividends 14,195 885 4,036 795 1,437 632 599 2,294 556 696 608 574 1.083 TOTAL LIABILITIES 45,521,252 22.44,124 l2,li7l,56o 2732,023 3762,456 2573,268 2281,0314 7773,221 1934,502 1168,97k 1936,057 1602,062 4841,971 Capital paid in 204,588 11,1482 69,706 14,891 19,228 8,920 8,072 25,854 6,770 4,542 7,206 8,219 19,698 Surplus (Section 7) 466,711 29,347 143,019 36,70l| 43,968 22,^17 20,028 68,842 17,974 H,797 17,008 14,954 40,653 Surplus (Section 13b) 27,543 3,011 7,319 U,489 1,006 3,549 762 1,429 521 1,075 1,157 1,307 2,11*0 Other capital accounts 144,099 10,191 31,354 10,574 15,562 9,734 8,279 19,699 8,016 5,398 7,551; 7,026 15,112 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 46,36U 193 21,98,155 12,722,958 2798,681 3840,020 2617,688 2318,175 7889,oi;5 1967,783 1191,7814 1968,762 1655,568 4917,574 5 Contingent liability on acceptances purchased for foreign correspondents 4,856 505 ^/l,528 587 hh5 257 198 667 17U 121 17U 169 U31 Commitments to make industrial loans 2e3lli 60 — 130 1,788 15 229 9 — — — — 83 F.R. notes outstanding 2I4 019 317 11430,211 5,487,865 1656,675 21149,287 159k, 155 1552,140 4562,086 1112,900 625,606 957,501 630,1872500,926 Collateral for F.R. notes held by F.R.Agentsj Gold certificates 13,554,000 440,000 4,570,000 550,000 900,000 625,000 575,000 2805,000 315,000 210,000 280,OOO I8I4.OOO 2100,000 Eligible paper 38,oi3 6,315 13,752 3,C3 0 — 6,410 -- — 1,725 975 5,000 — 806 U.S.Govt, securities 11,625,000 1100,000 1,000,000 1200,000 1300,000 1025,000 850,000 1800,000 900,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES T/iithin 16 to 51 to 61 to 9I days to 6 months 1 to 2 2 to 5 Over Total 15 days 50 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 139,257 45,i»9k 5,759 86,702 9~ 3 Industrial loans 3,310 515 455 3 34 7 16 U.S. Govt, securities I9,460,6i45 1,560,955 670,378 1,450,2X8 1,846,200 2,971,500 ~ 2 J ii3. J i|00 5,697,100 5,152,912 1/ After deducting $311;,709,000 participations of other Federal Reserve B nks a # 2/ After deducting $ 3,308,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis