H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.ii,l (For Immediate Release) July lii, 19k9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 13 member bank reserve balances decreased $IL7<LL#000,000 Reductions in member bank reserves arose from a decrease of # $500,000,000 in Reserve Bank credit and increases of $109 3000,000 in Treasury deposits with Federal Reserve Banks, $75*000 ,.000 in nonmember deposits and other Federal Reserve accounts, and $11,000,000 in Treasury cash, offset in part by a decrease of $179*000,000 in money in circulation and an increase of $k2,000,000 in gold stock. Excess reserves of member banks on July 13 were estimated to be approximately $930,000,000. Holdings of loans, discounts and advances increased $27*000,000 while holdings of United States Government securities decreased $501,000,000. The decrease in holdings of United States Government securities reflects decreases of $140,000,000 in bills, $88,000,000 in certificates and $2,000,000 in notes* Changes in member bank reserve balances and related items during the week and the year ended July 13, 19h9 'were as follows: Increase or decrease since July 13, July 6, July l!±, 19l£ I9ii9 19I18 (In millions of dollars) TJ* S. Government securities 18,842 -501 -2 ,679 Loans, discounts and advances 12+1 + 27 - 176 Other Reserve Bank credit 296 - 25 - 5 Total Reserve Bank credit 19,279 -500 -2 ,860 Gold stock 24,513 + 42 + 920 Treasury currency 4,596 - 1 + 34 Mqmber bark reserve balances 17,506 -474 _ 125 Money in circulation 27,480 -179 - 479 Treasury cash 1,317 + 11 - 14 Treasury deposits with F« R# Banks 371 +109 -1 ,490 Honmeinber deposits and other F. R. accounts i,7i4 + 75 -f 203 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.Iul(a) OF THE TWELVE FEDERAL RESERVE BMKS COMBINED (in thousands of dollars) Increase i or decrease since July 13, July 6, July II4, 1&9 I9h9 19J48 A S S E TS Gold certificates 22,699.^32 * 33,003 + 999,759 Redemption fund for F, R# notes 588,3514 117 - 26,726 Total gold certificate reserves 23,287,786 + 32,886 + 973,033 Other cash 278,63)4 + 2u,757 • 214,125 Discounts and advances 1140,109 + 26,398 - 175,666 Industrial loans h9k 2 3U6 IT S • Govt* securities? # Bills 3,936,112 -U10,3U8 -14,375,219 Certificates 6,768,700 - 88,u00 +1,837,293 Notes 357,100 - 2,000 -1,600,700 Bonds 7,780,200 +1,1459,681 Total U« S» Government securities 18,8142,112 -500,71*8 -2,678,9u5 Total loans and securities 18,982,715 -1*71*, 3 52 -2,8514,957 Due from foreign banks 1*9 F. R. notes of other banks 120,685 + 29,l;2l4 1,173 Uncollected items 2,701,033 +I4O6, 70li - 3P8,891 Bank premises + 30 32,658 * 171 Other assets + li,676 99,681* - 29,61*7 TOTAL ASSETS 1*5,503,214a + 2h,125 -2,197,339 L I A B I L I T I ES Federal Reserve notes 23,37h,775 -122,793 - Ii52,000 Deposits : Member bank-reserve account 17,505,870 - 1214,9914 U»S.Treasurer-general account 371,085 +108,9814 -1,1490,215 Foreign 508,230 + 23,482 + 66,310 Other 1465,001 + 51,853 + 8,7lil Total deposits 18,850,186" -289,928 -1,51*0,158 Deferred availability items 2,J 0J ,989 +1432,105 - 3014,053 Other liabilities including accrued 4 4 dividends 10,011 + 1*5 14,1413 TOTAL LIABILITIES 1414,639,961 + 19,1*29 -2,300,621; C A P I T AL A C C O U N TS Capital pai d in 20 5,8714 + I8I4 + 6,957 Surplus (Section 7) 1466,711 * 18,522 Surplus (Section 13^) 27,51*3 Other capital accounts 163,155 • 1*,512 * 77,806 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 05750372137 * 214,125 -2,197,339 Tatio of gold certificate reserves to deposit &nd F. R. note liabilities combined 55.2% ,1% Contingent liability on acceptances purchased for foreign correspondents 3,572 - 38l4 1,2 lii Commitments to make industrial loans 2,277 + 20 l4,ll4l 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 JULY 13, 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 22,699,432 845,774 7,225Ml 1153,737 1612,897 1025,103 1007,494 4495,5^5 676,048 436,110 831,918 621,4672770,098 Redemption fund for F. R. notes 588,354 51.610 49,582 57,072 72,299 52,210 42,039 91,128 43,873 22,698 55,488 25,945 44,555 Total gold certificate reserves 23,287,786 897,384 7,275,025 1210,809 1635,196 1077,515 1049,585 4584,475 719,926 458,808 867,406 647,412 2814,455 Other cash 278,634 28,259 53,926 12,910 26,423 17,225 21,501 40,.240 14,873 7,93^ 10,936 10,,980 35,^27 Discounts and advances 11+0,109 9,887 55,154 8,397 13,239 10,665 4,-965 15,492 3,958 2,520 5,233 5,751 8,848 Industrial loans 494 — — 468 — 26 U. S. Govt, securities; Bills 3,936,112 271,544 932,819 268,120 363,052 252,687 211,027 587,335 212,715 127,424 190,382 170,256 3I48,771 Certificates 6,768,700 466,960 1,604,115 46l,070 624,283 434,529 362,891 1010,005 365,794 219,123 327,588 292,781 599,761 Notes 557,100 24,636 34,629 24.-?25 32,956 22,925 19,145 53,285 19,298 11,561 17,272 15,446 51,642 Bonds 7,780,200 556,740 1-645,829 529,972 717,576 499,466 417,119 1160,938 420,458 251,868 576,315 556,555 689,588 Total U.S.Government securities" 18,842,112 1299,880 4,465,392 1283,487 1737,827 1209,607 1010,182 2811,563 1018,265 609,976 911,355 815,016 1669,562 Total loans and securitii7 18,982,715 1309,767 4,518,546 1292,352 1751,066 1220,298 1015,147 2827,055 1022,225 612,496 916,588 818,767 1678,410 Due from foreign banks 49 5 l / l6 4 4 2 2 7 2 1 2 2 4 F.R.notes of other banks 120,685 6,156 16~,311 6,466 6,206 15,001 11,311 16,455 8,353 4,898 7,673 4,766 17,089 Uncollected items 2,701,033 214,387 486,775 l69,l46 229,ll4 259,469 184,328 424,634 152,349 84,326 148,515 128,815 239,175 Bank premises 32,658 1,157 7,982 3,020 4,778 2,513 1,545 3,179 1,919 1,161 2,345 736 2,323 Other assets 99,684 7,035 23,424 6,390 9,520 6,276 5,26l 15,059 6,196 5,096 4,680 4,217 8,552 TOTAL ASSETS 45,505,244 2464,li+6 12,582,005 2701,097 5712,507 2578,097 2288,678 7911,082 1925,841 1172,720 1958,145 1615,695 4795,455 l/ After deducting $55,000 participations of other Federal Reserve Banks* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 13, I9J49 (In thousands of dollars) J. 1 I T I Total Boston N e w York Phi la, Cleve # Rich. Atlanta Chicago St ^ Louis Minn* Kans.Cy., Dallas SanFran. re notes >3,37li,775 1399,037 5,351,668 1616,8U2 2086,730 15U3,935 1278,136 ^97,779 1077,171* 608,296 917,139 602,083 2395,906 Depositsj Member bank-re serve acct. 17,505,870 752,11+3 5,720,61i5 802,328 1268,995 726,562 7l40,7li7 2811,989 626,028 127,735 8l9,5li2 815,767 1993,389 U„S # Treasurer-general acct t 371,085 23,815 7U,253 2k 9 26k 27,229 114,952 30,393 1*3,193 2^,911 25,591 30,61+9 23,706 23,129 Foreign 508,230 31,595 1/165,163 1*0,120 1*6,138 2ii,57U 20,562 69,207 18,05U 12,533 18,05U 17,552 Uu,673 Other 1|65,001 5,803 ~ 391*063 2,725 5,720 It,297 1,763 2,827 6,31*5 1,51*5 14,1*56 581 37,876 Total deposits 18,850,186 813,356 6,351,121* 869,1*37 131*8,082 770,385 793,1*65 2927,216 675,338 1*67,1*09 872,701 857,606 2iol«,o67 Deferred availability items 2,Uoli,989 195,707 iil9>92l 1^6,255 197,1140 217,501 178,385 365,608 138,506 73,177 131;, 160 123,251* 215,375 Other liabilities including accrued dividends 10,011 609 2,8214 558 950 5U6 U68 1,650 ^36 362 39U 377 837 TOTAL LIABILITIES hk ,639,961 21+08, 759 12 ,125,537 2633,092 3632,902 2532,367 2250,1+5k 7792«, 253 189l,li5U 111+9,21+1+ l92!t,39U 1583,320 1+716,185 Capital paid In 205,871* 11,512 70,1+22 lii,921 19,288 9,026 8,109 25.97U 6,791 h.bhl 7,2^7 8,263 19. ,77U S u rplus (Section 7) 1+66,711 29,347 11+3,019 36,701+ li3,968 22,1+17 20,028 68,81+2 17,97ix 11,797 17,008 lli,95U ho, .653 Surplus (Section 13b) 27,513 3,011 7,319 U,U89 1,006 3,3^9 762 1.1+29 521 1,073 1,137 1,507 2 ,1U0 Other capital accounts 163,155 11,517 35,706 11,891 15,1^3 10,938 9.325 22,581+ 9,101 6,059 8,359 7,851 Hi, 3 ,631 TOTAL LIABILITIES AND CAPITAL ACCOUNTS U5,503*22^ 2U6J+,li+6 12,382,003 2701,097 3712,307 2578,097 2288,678 7911,082 1925,81+1 1172,720 1958,11+5 1615,695 U793.U33 Contingent liability on acceptances purchased for foreign correspondents 3,572 225 2/ 1,129 286 329 171 11+6 U93 129 89 129 125 318 Commitments to make industrial loans 2,277 60 — 103 1,781 15 210 28 — — — — 80 F.R. notes outstanding 21*, 148,14+5 11+1+3,3^8 5,538,072 1671,192 2156,1+22 1599,037 1336,201 l+57li,393 1113.W7 62l+,6l9 9^1,756 61+0,33U 2509,621+ Collateral for F*R. notes held by F R. Agents: # Gold certificates 13,75^,000 1+1+0,000 14,670,000 550,000 900,000 625,000 675,000 2805,000 315,000 210,000 280,000 18i+,000 2100,000 Eligible paper 39,891 l+,230 21+.627 1,213 — 5,965 — — 725 275 2,000 — 856 U*8.Govt, securities 11^75,000 1100,000 1,000,000 1200,000 1300,000 1025,000 700,000 1800,000 900,000 1+50,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 51 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 Discounts and advances li+0,10Q 145,311 5,260 83,521 6,00i4 13 — — — — Industrial loans h9k 1+38 3 26 — 1* 7 16 — „ U.S.Govt, securities 18,81+2,112 807,729 1+1+2,950 1,513,918 3. ,021,715 768,200 h*7h9,hoo — 2,090,200 5. MkS,00Q 1/ After de sducting $31+3:, 0; ?6,000 pa rticipations of other Federal Reserve Banks* 2/ After de ^ducting $2 M ^,000 pa rticipations of other Federal Reserve Banks # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis