H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.ii.1 (For Immediate Release) August l± 19^9 9 CONDITION OF THE FEDERAL RESERVE BAMS Daring the week ended August 3 member bank reserve balances increased $133t000,000* Additions to member bank reserves arose from increases of $138,000,000 in Reserve Bank credit and §142,000,000 in gold stock and decreases of $36,000,000 in Treasury deposits with Federal Reserve Banks and $10,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $86,000,000 in money in circulation and §5,000,000 in Treasury cash. Excess reserves of member banks on August 3 ^ere estimated to be approximately 0914-0,000,000. Holdings of loans, discounts and advances decreased $118,000,000 while holdings of United States Government securities increased 3203,000,000. The increase in holdings of United States Government securities reflects increases of $197,000,000 in bills and $6,000,000 in certificates• Changes in member bank reserve balances and related items during the week and the year ended August 3* 19u9 were as follows: Increase or decrease since August 39 July 27, August I|, 19U9 19U9 19li8 (in millions of dollars) U* S« Government securities 18,693 +203 _2 ,635 Leans, discounts and advance 299 -118 + 16 Other Reserve Bank credit 221 + 53 - 15 Total Reserve Bank credit 19,213 +138 -2 ,66k Gold stock 2i|,562 + J42 + 883 Treasury currency i+,593 - 1 + 29 Member bank reserve balances 17,619 +133 + 13 Money in circulation 27,1*19 + 86 - 503 Treasury cash 1,312 + 5 - 18 Treasury deposits with F. R. Banks I4II - 36 -1. ,hkl llonmember deposits and other F. R. accounts 1,607 - 10 •f 178 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT 0? CONDITION H 4tl(a) OF THE TIJELVE FEDERAL RESERVE BAMS COMBINED # (In thousands of dollars) Increase or decrease since Aug, 3, July 27, Aug, 4» 1949 1948 A S S E TS Gold certificates 22,747,429 + 32,998 4- 955,758 Redemption fund for F. R # notes 572,419 + 1,590 - 40,086 Total gold certificate reserves 23,319,848 + 34,588 + 915,672 Other cash 298,793 - 8,682 + 26,735 Discounts and advances 298,344 -118,311 + 15,814 Industrial loans 540 + 21 58 U. S Govt, securities: # Bills 3,932,795 +197,100 -3,455,217 Certificates 6,626,500 + 6,000 +1,504,793 Notes 353,600 -1,548,700 Bonds 7,780,200 + 814,015 Total U« S. Government securities 18,693,095 +203,100 -2,685,109 Total loans and securities 18,991,979 ++ 8844,,881100 -2,669,353 Due from foreign banks 49 F» R. notes of other banks 116,683 -- 88,,224433 3,812 Uncollected items 2,250,590 ++ 1199,,558877 - 138,432 Bank premises 32,597 3377 + 164 Other assets 115,718 ++ 55,,330066 - 31,860 TOTAL ASSETS 45,126,257 ++112277,,332299 -1,900,886 L I A B I L I T I ES Federal Reserve notes 23,310,971 ++ 6677,,661100 - 495,932 Deposits? Member bank-reserve account 17,619,238 ++113333,,331122 + 13,337 U.S. Treasurer-general account 411,186 -- 3355,,555500 -1,440,346 Foreign 493,563 ++ 2266,,336666 + 105,622 Other 424,453 ++ 1155,,008888 - 47,171 Total deposits 18,948,440 ++113399,,221166 -1,368,558 Deferred availability items 2,029,141 -- 3333,,665500 - 124,385 Other liabilities including accrued dividends 8,957 - 2,230 3,304 TOTAL LIABILITIES 44,297,509 +170,946 -1,992,179 C A P I T AL A C C O U N TS Capital paid in 206,773 33 + 7,656 Surplus (Section 7) 466,711 + 18,522 Surplus (Section 13b) 27,543 Other capital accounts 127,721 - 43,650 + 65,115 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,126,257 +127,329 -1,900,886 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 55*255 • 2 <- 1 l0 c + 4»4A> Contingent liability on acceptances purchased for foreign correspondents 3,743 + 817 + 1,971 Commitments to make industrial loans 2,255 21 - 3,633 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 AUGUST 5, 191+9 (In thousands of dollars) A S S E TS Total Boston Hew. York Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn.. Kans.Cy. Dallas SanFran.. Gold certificates 22.71+7,1+29 812,786 7,229,232 117l+,Ol+7 1601,909 101+7,355 100l+,982 1+515,137 7H,0l+l l+2l+,8l+9 827,859 61+1,023 2757,229 Redemption fund for F. R. notes 572,1+19 51,271+ 1+7,81+1+ h6,36k 71,799 51,265 1+1,701+ 90,659 1+5,725 22,651 55,565 25,717 ltl+,072 Total gold certificate reserves 25,519,81+8 861+,o6o 7,277,076 1220,1+11 1675,708 1098,620 101+6,686 1+605,776 75l+,766 1+1+7,500 865,20!+ 666,71+0 2801,501 Other cash 298,795 52,068 5l+,9l6 ll+,5l+2 52,880 17,682 22,081+ 59,1+80 15,585 7,167 12,137 10,81+8 39,801+ Discounts and advances 298,31+1+ 7,881+ 177,509 8,81+9 15,053 15,078 6,1+10 25,791 8,096 l+,855 9,986 5,970 18,885 Industrial loans 5I+O 515 1 2l+ U. S. Govt, securities: Bills 3,932,795 271,316 932,033 267,891+ 362,726 252,1+71+ 210,81+9 586,81+0 212,536 127,316 190,221 170,113 3^8,477 Certificates 6,626,500 1+57,11+9 1,570,1+15 1+51,381+ 6ll,l68 1+25,1+01 355,267 988,786 358,109 2ll+,520 320,511 286,629 587,161 Notes 353,600 2l+,39i+ 85,800 2l+,086 52,615 22,700 18,958 52,765 19,109 11,1+1+7 17,105 15,295 51,532 Bonds 7,780,200 536,71+0 1,81+5,829 529,972 717,576 h99,h^ 1+17,119 1160,958 1+20,1+58 251,868 576,515 556,553 689,588 Total U.S.Government securities 18,695,095 1289,599 1+,1+30,077 1273,536 172l+,083 1200,01+1 1002,195 2789,327 1010,212 605,151 90l+,ll+8 808,570 1656,558 Total loans and securities 18,991,979 1297,1+85 1+,607,586 1282,700 1759,157 1215,11+5 1008,605 2815,118 1018,508 609,981+ 9ll+,13U 812,51+0 1675,21+3 Due from foreign banks lg 3 1/ 16 1+ 1+ 2 2. 7 2 1 2 2 1+ F.R.notes of other banks 116,683 8,801 li+,58l 8,1+53 6,330 ll+,l+77 10,183 ll+,l+99 6,121+ 8,063 6,556 l+,297 ll+,3l9 Uncollected items 2,250,590 170,1+81+ 592,81+7 ll+5,259 200,283 191,152 ll+8,070 362,952 132,530 71,891 132,868 99,512 202,782 Bank premises 32,597 1,152 7,961+ 3,oil+ 1+.770 2,506 i,5l+l 5,175 l,9ll+ 1,159 2,559 753 2,530 Other assets 115,718 7,955 26,327 7,568 11,585 7,5l+9 6,131 17,652 7,185 5,652 5,1+02 5,060 10,071+ TOTAL ASSETS 1+5,126,257 2581,986 12,581,515 2681,751 5668,1+95 25l+l+,951 221+5,500 7856,659 1956,211+ Hl+9,1+17 1956,61+2 1599,752 1+71+5,857 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 AUGUST 3, 1949 (in thousands of dollars) B I L I Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cv, Dallas SarJaran. i-octorai. reserve notes 23,310,971 1383,451 5,349,252 1610,989 2069,629 1536,025 1286,972 4499,307 1072,056 603,788 918,824 604,220 2376,458 deposits: Member bank-reserve acct. 17,6.19,238 733,573 5,845,440 819,733 1273,362 733,539 736,759 2762,243 649,656 422,534 808,945 829,356 2004,093 U.S.Treasurer-general acct. 411,186 3.8,004 78,018 17,742 19,866 32,635 22,214 84,056 26,010 23,307 31,824 22,, 35,011 Foreign 493,563 30,713 1/160,050 39,000 44,850 23,883 19,988 67,275 17,550 12,183 17,550 17,063 43,443 Other 424,453 3,986 349,610 1.277 4*832 _ 2,066 564 2,212 16,426 1,606 A212. 487 .—3^.475 Total deposits 18,948,440 786,276 6,433,118 877,757 1342,910 792,128 779,525 2915,786 709,642 459,635 365,231 ^69,405 2117,027 ; iferred availability items 2,029,141 153,778 347,706 126,900 178,779 172,864 140,050 326,430 121,681 63,354 120,220 94,764 177,565 Other liabilities Including accrued dividends 8,957 642 2,240 474 1,130 439 405 1,437 383 312 382 479 634 TOTAL LIABILITIES 44,297,509 2329,147 12,132,316 2616,120 3592,443 2501,456 2206.952 7743,010 1903,762 1127,03? 1904,657 1563,868 4671,684 Capital paid in 206,773 11,523 71,091 14,934 19,295 9,069 e',131 25,990 6,304 4,554 7,255 8,292 19,735 Surplus (Section 7) 466,711 29,347 143,019 36,704 43,968 22,417 20,028 68,842 17,974 11,797 17,003 14,954 40,653 Jurplus (Section 13b) 27,543 3,011 7,319 4,439 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 127,721 8,958 27,568 9,434 11,778 84640 7,427 17,368 7,153 4,904 6,311 11,595 2*222. TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,126,257 2381,936 12,381,313 2631,731 3668,495 2544,931 2243,300 7856,639 1936,214 1149,417 1936,642 1599,732 4745,357 ~~r\j . — ••:'.-. liability on a e s •.a£ T .: a; aa purchased i'or Coi-'\lan correspondents 3,743 236 2/ 1,183 299 344 183 153 517 135 94 135 131 333 '•ait'-outs to make industrial 2,255 60 — 83 1,779 15 210 23 — — 80 P.... notes outstanding 24,006,568 1433,814 5,499,214 1656,787 2139,572 1536,186 1329,645 4568,762 1105,040 617,851 940,875 635,636 2493,186 Collateral for F.R. notes held by F.R. Agents: Gold certificates 13,954,000 440,000 4,670,000 750,000 900,000 625,000 675,000 2305,000 315,000 210,000 280,000 184,000 2100,000 Eligible paper 179,211 1,565 145,814 825 — 7,363 ~ — 4,435 2,325 6,375 — 9,959 U.S. Govt, securities 11,250,000 1100,000 1,000,000 1000,000 1300,000 1000,000 700,000 1800,000 900^000 450,000 700,000 500,000 800,000 i T / T ti A ll. T T tX TH il T r l r n J r . ^ nT I O J T i^ vn j . T L -D ' T j T l rip -- L rp ---- J I.J y C y V ^ i- T tU O i A i^j T > T -> C _ J _ I^ A -U rm J ' O Ji T . T!j O b T . T l P . - ; i T r J n -J -r y p o C ! IJithin 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 da^s 6 b months to 1 year yon.rS years 5 ^rears Msecants and advances 293,344 190,181 81,619 10,966 ll>,470 108 Industrial loans 540 488 2U 3 4 8 13 U.S. Govt, securities 18,693,095 833,127 806,575 3,119,562 1,029,731 820,300 4,545,100 O npn onf) 5,443,000 1/ A f-Pt. er deducting 0333,450,000 participations of other Federal Ee~e 2/ After1 deducting '.'2,560,000 participations of other Feaeral Reserve i^anAs. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis