H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM HJ^.I (For Immediate Release) July 28, 1949 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 27 member bank reserve balances increased $71,000,000. Additions to member bank reserves resulted from decreases of $53,000,000 in nonmember deposits and other Federal Reserve accounts, $33,000,000 in money in circulation $3,000,000 in Treasury cash and $2,000,000 in Treasury deposits with Federal Reserve Banks, and an increase of $2.^000,000 in gold stock, offset in part by a decrease of $21,000,000 in Reserve Bank credit. Excess reserves of member banks on July 27 were estimated to be approximately $940,000,000« Holdings of loans, discounts and advances increased $56,000,000 and of United States Government securities $16,000,000. The increase in holdings of United States Government securities reflects an increase of $67,000,000 in bills and a decrease of $51,000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year ended July 27* 194-9 were as follows: Increase or decrease since July 27, July 20, July 28. 1949 1949 194A ("In millions of dollars) U« S. Government securities 18,1+90 + 16 -2 ,719 Loans, discounts and advances Ul7 + 56 + 89 Other Reserve Bank credit 168 - 93 - 18 Total Reserve Bank credit 19,075 - 21 -2 ,61+8 Gold stock 21+ ,5 20 + 2 + 850 Treasury currency h>59k - 1 + 31 Member bank reserve balances 17,1+86 + 71 _ 1+8 Money in circulation 27,333 - 33 - 1+88 Treasury cash 1,307 - 3 «. 22 Treasury deposits with F. R« Banks 1+1+7 • 2 -1 ,375 Nonmember deposits and other F. R* accounts 1,617 - 53 + 160 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.k.l(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since July 27, July 20, July 28, I9J-+9 191+9 19lg A S S E TS Gold certificates 22,7 ll+, 1+31 + 9,998 + 929,761 Redemption fund for F. R# notes 570,829 - 13,661+ ia,3oi[ Total gold certificate reserves 23,285.265" - 3,666 + 888, 1+57 Other"cash 307.1*75 + 7,522 + 27,91+0 Discounts and advances 1.116,655 + 56,389 + 89,921+ Industrial loans 519 1 270 Ut S. Govt* securitiesj Bills 3,735,695 + 66,500 -3,998,936 Certificates 6,620,500 - 50,500 +1,663,093 Notes 353,600 -1,599,700 Bonds 7,780,200 +1,216,279 Total IT, S« Government securities 18,1489,995 + 16,000 -2,719,311+ Total loans and securities 18,907,169 ++ 7722,,338833 -2,629,660 Due from foreign banks 1+9 F« R. notes of other hanks 121,, 926 -- 22,,772200 7.5U9 Uncollected items 2,231,003 --3311++99,,007777 - 179,521+ Bank premises 32,63U 2288 + 151 Other assets 110,i|12 ++ 55,,990011;; - 29,3l+5 TOTAL ASSETS kh, 998,928 --226699,,667777 -1,929,530 LI A B I L I T I ES Federal Reserve notes 23,2U3,36l - 35,565 - Ii81,987 Deposits: Member bank-reserve account 17,1)85,926 + 70,71+2 - hi,669 U»S.Treasurer-general account 1+1+6,736 - 2,020 -1,375,01+8 Foreign 1+67,197 - 58,953 + 90,026 Other li09,365 + 5,312 - 88,315 Total deposits 18,809,2217. + 15,081 -1,1+21,006 Deferred availability items 2,062,791 -256,091 - 161,773 Other liabilities including accrued dividends 11,187 + 2,009 3,1+31 TOTAL LIABILITIES I7JT, 120,563" -27 i+, 566 -2,068,197 C A P I T AL A C C O U N TS Capital paid in 206,7i;0 714+ + 7,695 Surplus (Section 7) li66,7ii + 18,522 Surplus (Section 13b) 27,51+3 Other capital accounts 171,371 + l+,ll+5 + 112,1*50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 13+7998,928 -269,677 -1,929,530 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 55.1+^ — k»k% Contingent liability on acceptances purchased for foreign correspondents 2,926 161 * 1,350 Commitments to make industrial loans 2,276 + 17 l+,ll+3 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 JULY 27, 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 22,7ll+,l+51 85l+,l!+9 7,215,1*70 ll8o,i66 1618,1+65 101+9,558 997,170 1+1+00,255 695,505 1+51,91+8 851,712 657,01!+ 2785,259 Redemption fund for F. R. notes 570,829 51,275 1+7,814+ 46,561+ 71,799 1+9,265 1+1,705 90,880 1+5,725 22,651 55,565 25,888 14+.Q72 Total gold certificate reserves 25,285,260 885,1+22 7,261,514 1226,530 1690,261+ 1098,605 1058,875 14+91,115 759,250 1+71+.599 867,077 682,902 2829,551 other cash 307,1+75 52,1+61+ 5l+,78l ll+,oo6 29,782 19,11+5 25,217 1+5,059 17,121 8,571+ 15,663 11,061+ 58,619 Discounts and advances 1+16,655 7,981+ 240,Ol+4 10,559 22,1+75 15,623 5,920 65,91+1 8,1+51 7,672 8,059 5,967 21,982 Industrial loans 519 — — 1*90 1 28 U. S. Govt, securities: Bills 5,735,695 257,718 885,522 25l+,l+68 5*4*,547 259,820 200,282 557,1+50 201,881+ 120,957 180,688 161,587 351,012 Certificates 6,620,500 1+56,756 1,568,993 1+50,975 610,615 1+25,016 35l+,9l+5 987,891 557,785 2ll+,525 520,220 286,570 586,629 Notes 555,600 24,591+ 83,800 2l+,086 32,615 22,700 18,958 52,765 19,109 11,14+7 17,105 15,295 51,552 Bonds 7,780,200 556,71+0 1,31+5,829 529,972 717,576 1+99,1+66 1+17,119 1160,938 1+20,1+58 251,868 576,515 556,553 689,588 Total U.S.Government securities 18,1+89,995 1275,588 l+,58l,9I+I+1259,501 1705,551 1187,002 991,501+2759,022 999,256 598,577 894,524 799,7851658,361 Total loans and securities 18,907,169 1283,572 4,621,988 1270,550 1727,825 1202,655 997,224 2822,963 1007,687 606,249 902,383 803,752 1660,343 Due from foreign banks 49 5 l / l6 4 4 2 2 7 2 1 2 2 4 F.R.notes of other banks 124,926 8,l4l 15,758 7,051 6,859 15,490 11,564 14,830 8,925 7,452 9,127 3,826 16,143 Uncollected items 2,231,005 167,757 595,187 146,964 205,270 l8l+,555 l4l,5H 555,295 15l+,675 69,045 126,561 114,616 196,193 Bank premises 52,654 1,152 7,982 5,Ol4 4,771 2,506 l,54l 5,181 l,?l6 1,159 2,545 757 2,550 other assets 110,412 7,587 25,595 7,186 lQ,74o 7,oo4 5,818 16,899 6,876 5,502 5_._lll. 4,778 9,516 TOTAL ASSETS 44,998,928 2586,078 12,580,401 2675,285 5675,1+95 2529,756 2221,550 7745,527 1916,452 1170,579 1926,069 1621,677 4752,479 l/ After deducting $55,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HJuKc) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS ON JULY 27, I9U9 (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 23,21*3,361 1381*, 62 5 5,31*0,852 1607,509 2071,637 I52li.305 1277,195 1*1*88,195 1067,872 601,91*7 911,1*1*2 597,016 2370,766 Deposits: Member bank-reserve acct. 17,1*85,926 721*, I69 5,868,023 801*, 219 1268,021* 720,058 703,502 2705,193 625,1*27 1*1*1,767 810,055 815,062 2000,1*27 U.S.Treasurer-general acct. 1*1*6,736 27,25^ , 57,937 23,9ii8 21,022 ill, 359 1*0,1*30 1*7,119 1*1,261 28,51*0 29,337 1*8,1*53 1*0,076 Foreign 1*67,197 28,898 1/153,390 36,696 1*2,201 22,1*76 18,807 63,301 16,513 11,1*68 16,513 16,055 1*0,879 Other 1*09,365 14,168 31*3,822 3,709 3,976 1,913 557 2,771* 1*,532 2,278 5,393 761* 35,1*79 Total deposits 18,809,221* 781*, 1*89 6,1*23,172 868,572 1335,223 785,806 763,296 2818,387 687,733 l*8l*,053 861,298 880,331* 2116,861 Deferred availability itens 2,062,791 160,1*00 353,380 130,01*9 185,395 172,821 11*1,681 317,001 125,589 60,1*95 118,791* 111,102 186,081* Other liabilities including accrued dividends 11,187 611* 3,960 521* 1,078 522 1*88 1,61*1* 391 321* 1*13 1*72 757 TOTAL LIABILITIES l*k> 126,563 2330,128 12,121,361* 2606,651* 3593,333 21*83,1*51* 2182,660 7625,227 1881,585 111*6,819 1891,91*7 1588,921* l*67a,i*68 Capital paid in 206,71*0 11,521 71,091 ll*,97l* 19,293 9,069 8,128 25,988 6,800 1*,553 7,25l* 8,281* 19,735 Surplus (Section 7) 1*66,711 29,31*7 11*3,019 36,701* 1*3,968 22,1*17 20,028 68,81*2 17,971* 11,797 17,008 ll*,95l* 1*0,653 S u rplus (Section 13b) 27.51*3 3,011 7,319 1*,1*89 1,006 3,31*9 762 1,1*29 521 1,073 1,137 1.307 2,11*0 Other capital accounts 171,371 12,071 37,608 12,1*61* 15,895 11,1*67 9,772 23,81*1 9,552 6,337 8,723 8,208 15,1*33 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*1*,998,928 2386,078 12,380,1*01 2675,285 3673,1*95 2529,756 2221,350 771*5,327 1916,1*32 1170,579 1926,069 1621,677 1*752,1*79 Contingent liability on acceptances purchased for foreign correspondents 2,926 181* 2/ 925 231* 269 11*3 120 1*01* 105 73 105 103 261 Commitments to make industrial loans 2,276 60 — 102 1,781 15 210 28 — — — — 80 F.R. notes outstanding 21*,018,828 11*1*0,211 5,50I*, 108 1656,727 2139,250 1585,81*6 1330,81*7 1*563,068 1108,302 620,072 935,793 638,31*1 21*96,263 Collateral for F.R. notes held by F.R. Agents: Gold certificates 13,951*,000 1*1*0,000 1*,670,000 750,000 900,000 625,000 675,000 2805,000 315,000 210,000 280,000 181*, 000 2100,000 Eligible paper 21*7,195 1,665 205,399 2,515 — 10,108 — ~ l*,8l*0 5,161* 1*,1*1*8 13,056 U.S. Govt, securities 11,275,000 1100,000 :1 ,000,000 1000,000 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 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 Discounts and advances 1*16,655 311,626 78,327 11,169 1155,,11**3311 102 Industrial loans 519 1*63 28 1* 7 17 U.S. Govt, securities 18,1*89,995 693,1*28 69l*,l*35 1,588,570 2,609,1*62 725,200 1*,61*0,700 2,090,200 5,1*1*8,000 l/ After deducting $313,751,000 participations of other Federal Reserve Banks. 2/ After deducting $2,001,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis