H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F R. 28J # STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Jan, 8$ of the Federal Reserve System not earlier. • January J, 19^3 CONDITION OF THE FEDERAL RESERVE BANKS. During the week ended January 6 member bank reserve balances increased ; $676,000,000* . Additions to member bank reserves arose from decreases of $538,000,000 in Treasury deposits with Federal -Reserve Banks, $1^,000,000 in money in circulation, $2 ,000,000 in Treasury cash, and $153*000*000* in nonmember deposits and other Federal Reserve accounts, and an increase of $32,000,000 in T r e as ur y our re nay, offset in part by decreases of $50,000,000 in Reserve Bank credit and $li|,000,000 in gold stock* . Excess reserves of member banks on January 6 were estimated to be approximately $2,330,000,000, an increase of $670,000,000 for the week. The principal change in holdings of bills and securities was an increase of $1*3,000,000 in United States Government securities. Bonds increased $3t000,000, notes $1,000,000, certificates $8,Q00,000, and bills $31,000,000. Changes in member bank reserve balances and related items during the week and the year ended January. 6, 19^3* were as follows* Increase or decrease since Jan« 6, Dec, 30, Jan, 7, I9h2 I9h2 m . (In millions of dollars) Bills discounted li - 1 U. S. .Government direct obligations 5,995 i|2 +3,714.6 U. S, Government guaranteed" obligations 37 + + 1 • 32 Industrial advances (not including 12 million commitments - January 6) 12 - 2 + 2 Other Reserve Bank credit 329 - 92 + 211 Total Reserve Bank credit 6,378 - 50 +3,992 Gold stock 22,712 -lh 30 Treasury currency 3,660 * 32 + U12 Member.bank reserve balances 13,l|.61i. +676 + 7^7 Money in circulation 15,393 - lh +h,28h Treasury cash 2,192 - 2 - 28 Treasury deposits with F,. R, Banks 273 -538 - 390 Nonmember deposits and other F, R,. accounts 1,1*28 -153 - 239 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F* R. 283® STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS.. ON JANUARY 6, 191*3 (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 San Fran. F. R. notes in actual .circulation . 12,177,1*57' 378,582 2,773,122. 81*8,278 1,135,1*07 7£3,163 51*8,182 2,1*21,91*0 512,581* 301*,706 1*29,11.6 231,23k 1,286,123 Deposits t Member bank-reserve acct. 13,1^63,733 . 688,558'5,187,61*3 680,208 992,381 532,1*18 507,8?6 1,872,028 1*63,781* 277,1*61 503,770 1*99,165 1,257,921 U.S.Treasurer-general acct. 275,057 16.,602 54,627 9 , 5 19 29,392 13,61*3 9,10l* ; 3U,ll*l 12,296 13,025 ' 29,31*2 13,210 38,156 Foreign ' 802,60.6 21*,088 1/372,721 67,716 61*,3ol* 31,036 21*,638 . 86,056 21,161 15,518- 20.1*56 20,1*56 53,816 Other 369,823 7, 1 62 1^,929: 9,667 75,>02 9,870 It,993 V • 2,605 H*,9l*Q 12,181 10,016 5,097 1*7,1*66 Total deposits 11^909 ..221* 736,1*10 5,73l*,920 767,110 1,163,069 536,967 51*6,681 1,99!*,830 512,181 318,185 563,58^ 537.928" 1,397,359 Deferred availability items.1,137,323 112,301 228,726' 71,368 113,626 91,1*78 1*8,166 178,06l 58,86? 25,171; 59,636 1*8,1*63 101,1*55 Other liabilities including- • . accrued dividends 3,201 if83 398 251 21*9 351 117 1*69 65 2k2 '1*51 58 67 TOTAL LIABILWJ^ 28,227,205 1727,776 3,792,166 1687,007 2,1*12,351 1 J*61,959 111*3,11*6 1*,595,300 1083,699 &*8,307 1052,797 837,703 2,785,001* CAPITAL ACCOUNTS Capital paid "in" 11*6,329 9,1*93 53,658 11,71*7 15,100 5,890 5,200 16,31*1 i*,55l 3,083 l*,7 ; 3l 1*,1*57 12,078 Surplus (Section 7) 160,1*11 "11,160 58,001 15,670 11*,767 5,236 5,725 .22,925 1*,966 3 , 2 21 3 , 6 13 1*,083 11,01*1* Surplus (Secoior 13b) 26,829 2,871* 7,070 !*,393 1,007 3,2i*l* 717 1,1*29 530 1 , 0 00 1,137 1,307 2,121 Other capital accounts 1*8,111* 2,579 13,055 3,039 1*,598 2 , 1 32 2,270 8,729 2;o8l* 2,535 2 , 1 25 1,913 3,055 : IOTAL LI-I3j J-.I'IIES AIID . " ~ ~~ — — — — — - —— CAPITAL ACCOOT'TS 2'8,608,888 1753,882 8,923,950 1721,856 2,1*147,823 11*78,1*61 1157,058 1*,61&, 721* 1095,830 658,11*6.1061*,393 81*9,1*63 <2,813,302 Commitments to pake industrial • ' - . * advances 11,893 119 261 1,1*21 357 1,007 135 1,633 3,016 3,9W* F.R. notes outstanding 12,677,368 908,61*1* 2,903,330 871*,518 1,175,258 328,128 582,31*3 2,1*70,167 51*1,281* 310,51*9 1*1*0,217 277,061 1,365,869 Collateral for F,R»notes held by P. R, Agentss Gold certificates 12,1*72,000 298,000.2,915,000 795,000 1,100,000 727,000 555,000 2,500,000 1*90,000 315,000 1*1*0,000 283,000 1,381*,000 Eligible paper , 1,745 200. 1.1*30 25 — *25 — — — • : —. — 65 1 U.S.Gov1 securities 355,000 20,000 100,000 — 125,000 30,000 — 75,000 5,000 inTUhlTY DISTRIBUTION OF BILLS „MD SECURITIES Ynithin 16 to 31 to 61 to 91 days to 6 months 1 to 2 2 to 5; Over Tot&l 15 days 30 days 60 days 90 days 6 months to 1 year years years ' 5 years Bills discounted 1**1*35 • 2,710 53 1 , 5 06 196 . • 13 r ' r~2 ~ Industrial' advances 12,311- 8,671 .1*1*3 156 339 370 " 1 , 3 18 865 11*9 i U. S. Government securities, direct and guaranteed 6,032,170 111*, 752 518,182 330,791 21*5,102 3.00,875 611*,700 21*1,575 1,1*05,1*21* 2,260,766 1/ After deducting $1*28,381,000 participations of bther Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forn F. R. 283a . Released for publication Friday morning, January 3,19U35 not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ("in thousands of dollars) Increasei or decrease since Jan. 6, Dec. 30, Jan. 7, 19U3 19142 19142 A S S E TS " Gold certificates on hand and due from U. S. Treasury •20,511,278 - 12; 003 + • '21,261 Redemption fund - F. R. notes. 32,21*8 + 687 +. 13,579 Other cash 360,151 + 26,380 + 63,728 Total reserves 20,903,677 '•+ 15,0614. •+ 103,568 Bills discounted! " Secured by U.S, Gov't, obligations, direct and guaranteed l,9k5 265 1*6 Other bills discounted 2,516 8 + l*ii Total bills discounted .. h,h85 - . 273 365 Industrial advances 12,311 - 1,688 + 2,692 U. S. Government securities, direct and guaranteed: + Bonds 2,792,581 3,250 +1,325,776 Notes " 1,3145,059 + 1,000 + 567,759 Certificates 1,01*1,000 + 3,000 +1,01*1,000 Bills 853,530 + 31,013 + 8i*3,160 Total U. 3„ Government securities, direct and guaranteed 6,032,170 + i+3>263 • ^777,695 Total bills and securities 6,0^8,966 + 141,302 +3,780,752 Due from foreign banks hi -- — F. R. notes of cthjr bsinks . 60,529 + 8,1*71 .+ 21,115 Uncollected items 1,1466,371 -226,3314 + 1467,913 Bank premises 39,279 706, 1,1482 Other assets 90,019 • 1,655 + 1*5,.991 TOTAL uSSISTS 29,608,888 -160,5148 +1*, 1*17,857 L I A B I L I T I ES F. R. notes in actual circulation 12,177,1457 - 10,765 +3,998,760 Deposits: Menber bank-reserve account 13, h 63,733 +675*720."" ++ '' 77^^66,,997799 U, S. Treasurer-general account 273,057 -538,278' - 390,197 Foreign 802,606 - 3,636 + 15,2142 Other 369,328 -139,1419 - 218,356 Total deposits •lu, 909,2214 - 5,613 + 153,668 Deferred availability items 1,137,323 -13U.782 + 257,079 Other liabilities including accrued dividends 3,201 - U',868 + 651 TOTAL* LIABILITIES 28,227,205 -156,028 +1*, 1*10,098 C £ P IT il L A C C O U N TS Capital paid in 1146,329 + 298 3,61*2 Surplus (Section J) 160, hn f 2,909 + , 2,909 Surplus (Section 13b) 26,329 + 1*8 + 149 Other capital accounts 1*8,111* - 7,775 + 1,159 TOTAL LIABILITIES' AND CAPITAL ACCOUNTS 28., 608,888 -160,5148 +1*, 1*17,857 Ratio of total reserves to deposit and R. note liabilities combined 77*2% + l% - 13.^ 9 Couiiiitnents to make industrial advances 11,393 + l#lU7 " 2,9^1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 6,. 19k3 (In thousands of dollars)' A S S E TS Total Boston New York Phila. Clovo. Rich., Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 20,511,278 1131*,169-6,912,686 1138,65I* 1,702,065 972,1*18 795,927 3,390,628 711,318 1*1*6,629 687,5U0 5U6,015 2,073,229 202 2 Redemption fund - F.R.notes 32,21*8 1,150- 1,262 5,665 -l,ll*0 7,555 1,81*2 '1,1*09 U.192 35 358 7,121 other cash 360,151 39,302 70,876 21*,31*0 1*2,01*1* 22,677 27»682 38,270 20,831; 8,325 12,968 15,989 36,810+ Total reserves 20,903,677 1171*, 621 6,981*, 821* 1168,659 1,71*5,21*9 1002,6 50 825,1*51 3,1*30,307 736,31*1* 1*55,156 700,860 562,362 2,117,191* Bills discounted: Secured by U.S. Gov't obligations, direct and guaranteed 1,9^*5 200 1,1*30 25 190 25 65 10 Other bills discounted 2,51*0 1,062 21*0 271 110 87 305 75 55 72 73 190 Total bills discounted 1*,1*85 200 2,1*92 265 1*61 135 87 305 75 55 137 73 200 Industrial advances 12,311 1*72 611 !*,6o6 815 677 1*91 110 61 31*7 60 . 30 2*.031 U. S. Government securities, direct and guaranteed: . Bonds 2,792,581 2o5,993 72*3,121 220,1*75 261*,787 168,859 121;,892 32*3,309 133,507 81,831 132,771 109,10*7 258,581* Notes 1,31*5,059 99,220 36o,33l* 106,191 127,536 81,331* 60,156 165,355 61*,303 39,UU 63,950 52,715 12^,551 Certificates 1,01*1,000 76,790 278,880 82,137 93,706 62,9146 1*6,557 127,976. 1*9,768 30,50a 1*9,1493 2*0,799 96,39U Bills 353,530 ' 1*1*,863 199,1*03 39,569 1*7,61*1 26,1*50 22,21*5 31*3,062 32,939 11,951* 31,391 15,9S8 38,025 r Total U; S. Gov t securities, " • • . : direct -and guaranteod 6To32,.17o 2*26,371 1,586,738 1*1*8,1*22 533,670 339,589 253',850 979,702 280;517 163,70,3 277,605 218,91*9 517,551* Total bills and securities' 6,01*8,966 1*27,52*3.1,589,82*1 1*53,293 539,92*6 31*0,1*01 251*, 1*28 980,117 280,653 161*,105 277,802 219,052 521,785 Due from foreign banks- Ifl. 3 l/ 18 5 1* 2 2 6 1 * . . 1 1 2* F. R. notes of other banks 60,529 ' 1,252 "5,589 2,037 ,3,680 .12,720 5,520 5,878 2*,5^0 2,21*8 '5,768 2,772" 8,51*5 2 Uncollected items 1,1*66,371 11*1,61*7 310,51*0 86,ll*o 11*5,1*62 ill*,102 ".66,031 211*,370 67,965 3 ,£o7 72,768 60,662 151*,077 Bank premises 39,279 2,722 9,823 1*,755 1*,326 3,01*6 1,726 2,917 2,110 1,309 2,802 1,052 2,691 2 Other assets 90,019. 6,09!* - 23,315 .6,967 9,156 5,51*0 3,900 11,129 1*,237 2,721 1*,39 3>562 9,006 T0T.lL ASSETS 28,608,888/1753,8-32 8,923,950 1721,856 2,1*1*7,823 11*78,1*61 1157,058 1*,61*1*,721* 1095,830 658,11*6 1061*,393 81*9,1*63 2,313,302 •Less than $500. l/After deducting $29,000 participations of other Federal Reserve Banks.. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis