H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESER^TE SYSTEM H.JLwl (For Immediate Release) June 30, I9I+9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 29 member bank reserve balances decreased $301,000,000, Reductions in member bank reserves resulted from a decrease of $238,000,000 in Reserve Bank credit and increases of $81,000,000 in money in circulation, $20,000,000 in Treasury cash, and $20,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by an increase of $1+5,000,000 in gold stock and a decrease of $11,000,000 in Treasury deposits with Federal Reserve Banks Excess reserves of member banks on June 29 were estimated to be # approximately $61+0,000,000, Holdings of loans, discounts and advances decreased $520,000,000, while holdings of United States Government securities increased $351*000,000. The increase in holdings of United States Government securities reflects increases of •$1+88,000,000 in bills and $15,000,000 in certificates and a decrease of $15 2,000,000 in bonds. Changes in member bank reserve balances and related items during the week and the year ended June 29, 19k9 were as follows: Increase or decrease since June 29, June 22, June 30, 19U9 191+9 19^8 (in millions of dollars) U, S. Government securities 19,517 +3SI -1,81+9 Loans, discounts and advances 151 -520 - US Other Reserve Bank credit 208 - 68 ~ S9 To + al Rerer^e Bank credit 19,3?'5 -238 —2,025 Go]d rtock 2l+,l+66 + 45 + '93^ Treasury currency l+,597 +1 + 3 oJ M^mb?r bank reserve balances 18,013 -301 + 62i+ Money in circulation 2? ,/i26 +"8l - I+77 Tre^rry car-h 1,321+ +20 3 Trc^ury dopceita with F« R. Banks 497 - n -1,1+31 KoiLTieriibei- deposits and other P» R. accounts 1,678 +20 + 227 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H^.l(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase ot decrease since June 29, June 22, June 30, 191+9 19U9 19*46 A S S E TS Gold certificates 22,651,1+29 * 35,999 +1,009,259 Redemption fund for P» R, aotea 588 j}2% + 1,000 - 26,921 Total gold certificate reserves 23,214.0,151 + 3li,999 + 982,338 Other cash 281,591 - 5,571 + 25,821 Discounts and advances 150,315 -520,560 - 115.317 Industrial loans hffh + 8 377 U. S* Govt* securities: Bills k,520,129 +[£8,000 -11,056,752 Ce rti ficate s 6,8 5J,100 + 15,000 +2,21+1,093 Notes 359flOO -1,608,700 Bonds 7,780,200 -152,100 +1,57I+, 519 Total U» S» Government securities 19» 51^* 5^9 +350,900 -1,81+9,81+0 Total loans and securities 19,667,318 -169,652 -1,965.53^ Due from foreign banks 1+9 F* R. notes of other .banks 108,802 - 2,965 + 2,6314 Uncollected items 2,330,959 -372,851 - 311,156 Bank premises 32,595 3k + 101 Other assets 118,512 + 3.079 21,100 TOTAL ASSETS 1+5,779,957 -512,995 -1,286,896 L I A B I L I T I ES Federal Reserve notes 23,317,1+H + 80,l+6l - 1+31+.1+01 Deposits: Member bank-reserve account 18,012,905 -301,1+61+ + 623,878 U»S. Treasurer-general account 1^97*109 - 11,151+ -1,1+30,1+50 Foreign 507,153 •+ 30,393 + 101,903 Other 1+51,571 - ll+,650 2,770 Total deposits 19 2+68 538 -296,870 - 707,1+59 § $ Deferred availability items 2,l23,ll|6 -30l+,l+36 - 251,889 Other liabilities including accrued dividends 17,070 + 2,298 1+.1+1+9 TOTAL LIABILITIES 1^,926,165 -518,5U7 -1,389,280 C A P I T AL A C C O U N TS Capital paid in 2ol;,98l| 1+8 + 6,W+ Surplus (Section 7) 1+66,711 + 18,522 Surplus (Section 13b) 27,5^3 Other capital accounts __JJ5k*JL^ 5,50l+ + 77,1+18 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+5,779,957 -512,995 -1,286,896 Ratio of gold certificate reserves to deposit and F» R» note liabilities combined 5^*37° Contingent liability on acceptances purchased for foreign correspondents 5*175 22 2,529 Commitments to make industrial loans 2,28 3 28 1+,199 Note: The changes shown in the last column on this page of last week's state ment were based on comparison with figures for June l6, 191+8, instead of June 23, as indicated. Copies of a corrected pago are available upon request. 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 JUNE 29, 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 22,651,1+29 85l+,70l 7,193,391+ 1189,910 163^,569 1035,109 1010,1+05 1+379,618 661,957 1+39,11+7 815,129 603,675 2853,815 Redemption fund for F. R. notes 583,722 51,725 5CH+2 57,285 72,1+62 51,016 1+2,202 91,30k 1+3,919 22,719 35,511 25,992 kk,kk5 Total gold certificate reserves 23,21+0,151 886,2+26 7,21+3,536 121+7,195 1707,031 1086,125 1052,607 1+1+70,922 705,876 1+61,866 850*61+0 629,6672898,260 Other cash 281,591 26,687 5l+,602 ll+,i+93 26,296 18,563 22,897 1+0,671 ll+,36l 7,866 11,821 12,259 31,075 Discounts and advances 150,315 I2,9ll+ 1+2,699 9,776 17,859 18,292 5*162 15,239 7,551+ 2,81+0 5,65!+ 3,1+71+ 8,852 Industrial loans I+7I+ — — i+50 — 2i+ U. S, Govt, securities: Bills i+,520,129 306,660 1,128,1+51 302,793 1+09,979 285,361+ 238,317 663,289 2i+0,22l+ 12+3,902 215,002 192,271+ 393,871+ Certificates 6,857,100 1+73,058 1,625,-065 i+67,092 652,1+37 1+1+0,205 367,651 1025,196 570,570 221,985 551,661+ 296,603 607,59!+ Notes 559,100 2l+,77l+ 85,105 2l+,l+6l 53,120 23 ,,053 19,252 53,581+ 19,1+07 11,625 17,369 15,533 31,819 Bonds 7,780,200 536,71+0 1,81+5,329 529,972 717,576 1+99,1+66 1+17,119 .1160,958 1+20,1+58 251,868 376,513 536,553 689,588 Total U.S ..Government securities 19,516,529 131+1,252 l+,682,1+1+8 152l+,5l8 1795,112 121+8,088 101+2,519 2901,007 1050,659 629,580 91+0,51+8 81+0,91+5 1722,675 Total loans and securities 19,667,518 l35l+,ll+6 l+,725,ll+7 1334,51+1+ 1810,971 1266,1+01+ 101+7,1+81 2916,21+6 1058,213 632,220 91+6,002 81+1+,1+17 1751,527 Due from foreign banks k9 5 l / l6 i+ 1+ 2 2 7 2 1 2 2 1+ F.R.notes of other banks 108,802 5,281+ lI+,058 i+,751 5,890 15,910 11,526 ll+,95l+ 6,560 i+,950 5,65!+ l+,727 ll+,778 Uncollected items 2,550,959 178,1+91+ 1+56,551 160,216 206,817 199,985 11+6,188 565,285 12l+,769 69,766 12l+,99l+ 110,661 209,215 Bank premises 52,595 1,157 8,005 5,020 i+,785 2,515 1,51+5 3,177 1,919 l,l6l 2,351 71+0 2,221+ Other assets 113,512 8,252 27,86l 7,676 11,1+51+ 7,51+0 6,281 17,652 7,223 3,698 5,550 5,088 10,237 TOTAL ASSETS 1+5,779,957 2i+6o,1+1+9 12,509,756 2771,899 3775,21+6 2597,01+0 2288,527 7826,891+ 1918,725 1181,528 l9l+7,Oll+ 1607,561 1+897,520 l/ After deducting $33',,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

[(l( ) STATEMENT OF CONDITION OF THE FBDEML RESERVE BANKS ON JUNE 29, J9U9 H t c (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 3anFan. r Federal Reserve notes 23,317,1m 1397,077 5,51*7,780 1615,370 2080,987 151*9,152 1279,321 1*1*71,156 1073,859 606,91*8 912,1*1*8 599,177 238U.176 Deposits; Member bank-reserve acct. 18,012,905 758,701 5,866,975 863,090 1355,275 761,781* 711,11k 2788,799 61*5,780 1*1*1*,ll*>* 832,586 827,775 2118,222 U.S.Treasurer-general acct. 1*97,109 1*3,307 82,707 1*7,111 38,819 26,61*0 33,558 57,675 26,150 50,1*95 32,271* 2l*,153 5l*,257 Foreign 507,155 51,557 1/ 161*, 509 1*0,072 1*6,085 21*, 51*1* 20,557 69,12!* 13,032 12,523 18,032 17,532 1*1*,608 Other 1*51,371 2,977 390,715 2,079 1**762 1,570 798 2,752 6,180 1,175 1*,975 1*1*6 52,96!* Total deposits 19,1*68,558 856,51*2 6,50l*,906 952,552 11*22,959 811*,553 826,61+7 2918,550 696,11*2 1*88,333 887,867 869,911 2250,031 Deferred availability items 2,123,11*6 171,051* 397,991* 155,755 188,982 187,526 ll*l*,055 517,1*65 Hl*,l60 62,577 112,800 105,71*9 185,21*9 Other liabilities including accrued dividends 17,070 1,019 1*,929 1,007 1,790 866 780 2,51*1* 712 509 797 7l*2 1,575 TOTAL LIABILITIES 1*1*,926,165 22*05,692 12,255,609 270i*»!*6i* 369l*,698 2551,882 2250,803 7709,1*75 1881*,853 1158,367 1915,912 1575,579 1*820,831 Capital paid in 2ol*,98l* 11,505 69,962 ll*,892 19,233 8,978 8,086 25,869 6,773 l*,5l*l* 7,212 8,231* 19,698 Surplus (Section 7) 1*66,711 29,31*7 11*3,019 56,701* 1*5,968 22,1*17 20,028 68,81*2 17,971* 11,797 17,008 ll*,951* 1*0,655 Surplus (Section 15b) 27,51*5 5,011 7,519 1*,1*89 1,006 3,51*9 762 1,1*29 521 1,075 1,157 1,507 2,11*0 Other capital accounts 15!*, 55U 10,896 55,81*7 11,550 ll*,3l*l 10,1*11* 8,81*8 21,279 8,602 5,7i*7 7,71*5 7,1*87 15,998 TOTAL LIABILITIES AND —• CAPITAL ACCOUNTS 1*5,779.957 21*60,1*1*9 12,509,756 2771,899 5773,21*6 2597,01*0 2288,527 7826,891* 1918,723 1181,528 191*7,oil* 1607,561 1*897,320 Contingent liability on acceptances purchased for foreign correspondents 5,175 326 2_/ 1,636 1*11* 1*76 25I* 212 711* 186 129 186 181 1*61 Commitments to make industrial loans 2,283 60 ~ 105 1.788 15 223 9 — — ~ ~ 83 F.R. notes outstanding 2l*,al405io 11*38,306 5,1*95.91*1* 1669,565 2155,5^6 1600,921 1329,896 1*555,821 1115,1*00 622,1*77 935,121 628,975 2500,71*0 r Collateral for F.R. notes hold by F.R. Agents: Gold certificates 13,551*,000 1*1*0,000 1*,570,000 550,000 900,000 625,000 575,000 2805,000 315,000 210,000 280,000 181*,000 2100,000 Eligible paper 1*6,1*86 7,395 ll*,217 2,768 — 13,500 — — !*,l*oo 650 2,500 — 1,056 U.S. Govt, securities 11,625,000 1100,000 1,000,000 1200,000 1300,000 1025,000 850,000 1800,000 900,000 1*50,000 700,000 500,000 800,000 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 Discount's and advances 150,515 56,167 3,905 80,556 9,896 10 3 Industrial loans 1*71* 1*20 2 7 — I* 7 16 U.S. Govt, securities 19,516,529 5 ,701,590 l*7l*,978 1,21*5,835 1,91*9,726 1,608,200 2,998,000 — 2,090,200 5,1*1*8,000 1/ After deducting $51*2,6l6,000 participations of other Federal Reserve Banks, 2/ After deducting $3,539,000 participations of other Federal Reserve B nks. a Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis