H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.l+.l (For Immediate Release) August 2% 19U9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 2I4. member bank reserve balances decreased •1587*000,000. Reductions in member bank reserves resulted from a decrease of 1613,000,000 in Reserve Bank credit and increases of $4.1,000,000 in Treasury deposits with Federal Reserve Banks and $8,000,000 in Treasury cash, offset in part by decreases of ^55,000,000 in money in circulation and $19,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of 12,000,000 in gold stock. Excess reserves of member banks on August 2I4. were estimated to be approximately 11,000,000,000. Further reductions in require ments, which became effective on August 18, decreased reserve requirements of member banks by approximately 1S250,000,000. Holdings of leans, discounts and advances decreased $125*000,000 and of United States Government securities ^1+23*000*000. llhe decreases in holdings of United States Government securities reflects decreases of 1209,000,000 in certificates, $168,000,000 in bills and ^6,000,000 in notes. Changes in member bank reserve balances and related items during the week and the year ended August ?l\. 19^4-9 were as follows: s Increase or decrease since Aug, 2k, Aug. 17, Aug. 25, 19ii9 191+9 1914.8 (In millions of dollars) U. S Govt, securities 17,803 - 1*23 -3,657 # Loans, discounts and advances 116 - 125 - 209 Other Reserve Bank credit 162 - 65 - kl Total Reserve Bank credit 18,081 _ 613 -3,912 Gold stock 2ii,6l0 + 0 + 899 Treasury currency i+,591 - 1 + 27 Member bank reserve balances 16,509 _ 587 -1,159 Money in circulation 27,528 - 55 - 637 Treasury cash 1,321 + 8 3 um Treasury deposits with F. R. Banks + ill -1,247 Ilonmeffiber deposits and other F.R. accounts 1,639 - 19 + 229 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.i±.l(a) OF THE TIAIELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) :I ncrease <: >r decrease since Aug. 2k, Aug. 17, Aug, 25, 19J-I.9 19li9 19^8 A S S E TS Gold certificates 22,790,1*29 «. p + 952,757 Redemption fund for F» R« notes 566,591 - 3,289 - 1*5,330 Total gold certificate reserves ~ ~" "3,291 + 907,U27 Other cash 297,983 + 1 ?M + 27,225 $ Discounts and advances 115,332 - 1214,675 - 208,606 Industrial loans 527 + 9 268 !!• S. Govt., securities t Bills 3,675,618 mm 167,677 -3,375,1*39 Certificates 6,0^7,900 - 209,000 +l,03ii,56i Notes 30U,600 «. 1^6,000 -1,503,700 Bonds 7,775,200 — + 187,831 Total U S» Government # securities 17,803,318 - 1422,677 -3,656,7li7 Total loans and securities 17,919,177 m &l,3kl -3,865,621 Due from foreign banks U8 - 1 l F* R« notes of other banks 117,21*1 - 6,U86 - 13,183 uncollected items 2,196,326 - heo k6U - 238,071; M Bank premises 32,692 - h + 227 Other assets 127,761; + 3,395 - 36,591 TOTAL ASSETS kh, 0148,251 -1,032,953 -3,218,591 L I A B I L I T I ES Federal Reserve notes 23,220,1*61* 56,1*55 - 6l43,75U Deposits: Member bank-reserve account 16,509,313 - 586,265 -1,158,582 U.S. Treasurer-general account 1485,21+0 1*1,1*58 -1,1*16,598 Foreign 1*63,862 - 28,691 + 93,315 Other 1*81*,216 * 7,217 + 12,005 Total deposits 17,9i42,63l - 566,281 -2,1*69,862 Deferred availability items 2,0314,230 - 1*15,188 - 191,561 Other liabilities including accrued di vi den ds 9,151 5514 - h,6k3 TOTAL LIABILITIES 1*3,206,1*76 •1,037,570 -3,309,820 C A P I T AL A C C O U N TS Capital paid in 206,933 + 27 + 7,692 Surplus (Section 7) U66,7H — + 18,522 Surplus (Section 13b) 27.5U3 Other capital accounts 11*0,588 + 1*,39Q + 65,015 TOTAL LIABILITIES AND CAPITAL AC COOK TS 1*1*, 01*8,251 -1,032,953 -3,218,591 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 56.7% 6.(# Contingent liability on acceptances purchased for foreign correspondents 3,293 1I4 + 1,761* Commitments to make industrial loans 2,066 l - 1*,209 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l+.l(b) STATEMENT OF CONDITION OF 'HIE FEDERAL RESERVE BASKS ON AUGUST 21+. 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 22,790,1+29 82l+,l+82 7,283,1+68 120l+,689 163?,21+5 1080,565 967,561 1+1+99,822 693,993 1+1+9,791+ 832,581+ 639,596 2676,830 Redemption fund for ' •"' .> F. R. notes 566,591 50,902 1+6,171+ l+5>639 71,237 50,572 1+1,321 90,072 1+5,51+5 22,578 35,259 25.596 1+3.716 Total gold certificate reserves 23,557,020 875,381+ 7,329,61+2 1250,328 1708,1+82 1130,937 1008,882 1+589,891+ 737,538 1+72,372 867,823 665,1922720,51+6 other cash 297,983 36,606 1+8,1+82 ll+,9l6 28,777 19,631 25,037 36,806 16,036 7,963 12,275 10,863 1+0,591 Discounts and advances 115,332 5,1+92 32,81+2 7,822 10,1*77 9,678 l+,567 li+,752 5,21+8 2,1+19 7,897 3,388 10,750 Industrial loans 527 — — 500 1 26 U. S. Govt, securities: Bills 3,675,618 253,573 871,085 250,376 339,006 235,965 197,061 51+8.1+65 198,658 118,991 177,782 158,989 325,689 Certificates 6,01+7,900 1+17,233 1,1+33,291 1+11,970 557,801+ 388,258 52l+,2l+5 902,1+50 526,81+1 195,788 292,525 261,603 535,892 Notes 30l+,600 21,011+ 72,187 20,71+9 28,091+ 19,551+ 16,531 1+5,1+51 16,1+61 9,861 ll+,733 13,175 26,990 Bonds 7,775,200 536,595 1,81+2,61+5 529,651 717,111+ 1+99,11+5 1+16,852 1160,192 1+20,187 251,707 376,071 336,516 688.91+5 Total U.S. Government securities 17,805,518 1228,215 2+.219.208 1212,726 161+2,018 lll+2,920 95l+>!+89 2656,558 962,127 576,52+7 861,111 770,085 1577.516 Total loans and securities 17,919,177 1253,707 1+,252,050 1221,oi+8 1652,1+96 1152,621+ 959,056 2671,310 967,375 578,766 869,008 773,1+71 1588,266 Due from foreign banks 1+8 3 1 / 15 1+ L_ 2 2 7 2 1 2 2 1+ F.R.notes of other banks 117,21+1 5,522 1^,536 10,1+97 7.167 11,396 9,700 ll+,925 5,813 8,821 6,889 3,1+23 16,752 Uncollected items 2,196,326 170,985 391,521 ll+i+,112 190,155 191,859 11+5,001+ 3lU+,62l+ 128,81+6 70,697 127,503 109,901+ 181,116 Ban* premises 52,692 1,152 7,961+ 5,009 l+,769 2,506 l,51+0 5,180 1,915 1,159 2,539 733 2,1+26 other assets 127,761+ 8.798 29,521 8,326 12,265 8,120 6,757 19,1+1+1 7.86C 1+.051+ 6,023 5.1+1+2 11.177 TOTAL ASSETS l+l+,ol+8,251 2332,157 12,075,531 2652,21+0 360^,115 2517.075 2155,978 7680,187 1865,385 112+3.813 1891,862 1569,030 1+560,878 l/ After deducting $35,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 24.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 2k, 19*49 (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 23,220,14614 1372,100 5,321,508 16024,181 206*4,219 15l45,?05 1269,007 UU93.915 1065,052 6024,895 911,925 602,U6l 2365,U98 Deposits• Member bank-reserve acct, 16,509,313 670,955 5,512,2249 765,875 1205,550 686,562 6514,710 2626,777 59b,987 li00,558 769,567 781,156 18*42,567 U.S.Treasurer-general acct, 485,2140 38,62U 614,5614 52,997 52,985 31,965 51,62U 59,187 28,8224 58,162 37,271 52,293 36,9246 Foreign 1463,862 23,8524 1/150,579 56,6*40 242,136 22,242*2 18,778 65,2014 16,1488 11,1450 16,2488 16,030 140,775 Other 1I8U,216 5,635 ~l421,U25 1,802 5,035 5,258 I45I4 2,805 5,666 2,587 It,525 527 52,521 Total deposits 17,9U2,631 7*42,066 6,1248,615 855,3114 1285,706 7*4*4,205 705,566 2751,975 624 5,965 i;52,757 827,651 830,006 1952,807 Deferred availability items 2,0314,230 163,1479 351,098 125,771 175,932 182,391 1145,9124 517,527 120,801 63,093 119,2248 1024,708 166,2468 Other liabilities including accrued dividends 9,151 702 2,3145 Uk9 1,00k U86 U56 1,2460 362 323 377 24*42 7U 5 TOTAL LIABILITIES 245,206,2476 2278,5li7 11,823,566 2585,715 5526,861 2* 72,787 2118,9*45 7561*,675 1832,180 1121,066 1859,201 1557,617 lil485,518 4 \> <-*£/.*- v^-fc. £/u*. j. »j<. JL iJ. 206,955 1-1,525 71,108 15,003 19,526 9,072 8,1324 26,002 6,811 *4,55*4 7,258 8,50** 19,858 Surplus (Section 7) 1466,711 29,3247 1243,019 36,70*4 243,968 22,Ul7 20,028 68,8*42 17,97*4 11,797 17,008 1*4, 95*4 *40,655 Surplus (Section 13b) 27,5*43 3,011 7,519 24,2489 1,006 5,5*49 762 1,*429 521 1,075 1,157 1,507 2,1*40 Other capital accounts 1240,588 9,929 50,519 10,529 12,95*4 9,*45Q 8,111 19,259 7,399 5,525 7,258 6,8*48 12,729 TOTAL LIABILITIES AND CAPITAL ACCOUNTS *4*4,0*48,251 2332,157 12,075,531 2652,2*40 360*4,115 2517,075 2155,978 7680,187 1865,385 11*43,815 1891,862 1569,050 ^560,878 Contingent liability on acceptances purchased for foreign correspondents 5,293 207 2/ l,0*4l 26*4 303 161 135 *i5*4 119 82 119 115 293 Commitments to make industrial loans 2,066 60 — 112 1,77*4 15 ~ 28 77 F.R. notes outstanding 25,967,006 1*450,258 5,*485,808 1650,268 2133,303 1592,906 1320,879 *4577,l42424 1105,267 616,9U; 959,185 655,590 2*481,356 Collateral for F.R. notes held by F.R. Agents j Gold certificates 13,879,000 kh0,000 24,670,000 750,000 900,000 625,000 675,000 2805,000 3*40,000 210,000 280,000 18*4,000 2000,000 Eligible paper 22,898 150 5,6*45 1,038 — 5,523 — — 2,195 299 *4,8*45 3,205 U.S. Govt, securities 11,200,000 1100,000 1,000,000 1000,000 1300,000 1000,000 700,000 1800,000 850,000 u50,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 t o~ 31 to 61 to 91 days to "5" months 1 to 2 2 to 5 Over Total 15 days 30 days 60 d ays 90 days 6 months to 1 year years years 5 years Discounts and adTances 115,332 23,821 9,550 9,U30 12,2*58 60,075 Industrial loans 527 *499 - 3 24 8 15 U.S. Govt, securities 17,803,518 1,109,24a 918,887 2,766,562 663,128 1,025,2400 *4,0*i6,000 — 1,826,100 5,*4*48,000 1/ After deducting $313,272,000 participations other Federal Reserve Banks, 2"/ After deducting $2,252,000 participations of other Federal 'Rosarvn Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis