H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. £53 STATEMENT FOE THE PRESS Released for publication Board of Governors Friday morning, Jan. 22; of'the Federal Reserve System not earlier, January 21, 19k3 CONDITION OF THE FEDERAL RESERVE BAKKS During the»week ended January 20 member bank reserve balances decreased $123,000,300. Reductions in member bank reserves arose from increases of $32,000,000 in money in circulation, $1+5,000,000 in Treasury deposits with Federal Reserve Banks, $6,000,000 in Treasury cash and $3,000,000 in nonmember deposits and oth-r Federal Reserve accounts and decreases of $79*000,000 in Reserve Bank credit and #9,000,000 stock, offset in part by an increase of $50,000,000 in Treasury currency. Excess reserves of member banks on January 20 were estimated to be approximately $2,000,000,000, a decrease of $130,000,000 for the week* The principal change in holdings of bills and securities was a decrease of $157,000,000 in united States Government securities. Eonds decreased $17,000,000 and bills $1^7#000,000, while certificates increased $7,000,000. Changes in member bank reserve balances and related items during the week and the year ended January 20, 19^3* were as follows: Increase or decrease since Jan. 20, Jan. 13, Jan. 21 19U3 •191*3 19U2 (In millions of dollars) Bills discounted 10 + 3 + 7 U. S. Government direct obligations 5,773' -162 +3,527 U. S. Government guaranteed obligations I4.5 + 5 + 111 Industrial’advances (not including 12 million 'commitments ~ January 20) ' 12 - l 3 Other Reserve .Bank credit 355 + 76 + 234 Total Reserve Bank credit 6,195 - 79 +3,812 Gold stock 22,703 - 9 - 1*7 Treasury currency 3,71*7 + 50 + U92 Member bank reserve balances 13,156 -123 + 11 Money in circulation 15,351* + 32 +1*,277 Treasury cash 2,196 + 6 8 Treasury deposits with F. R. Banks 37ii + ii5 + 90 Nonmember deposits and other F.R, accounts 1,566 + 3 - 112 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F„ R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 20, I9U3 (In thousands of dollars) L‘ I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. notes in actual cir> j 4 culation 12,118,294 872,873 2,71*5,1*1*3 81*9,152 1,135,900 776,. 127 538,619 2,1*21*,21*9 511,190 305,189 1*25,398 21*6,1*25 1,287,229 Deposits : Member tank-reserve acct.13»156,283 681,651* 1*,355,779 672,395 1,01*7,971 526,050 502,209 1,872,1*50 1*56,71*5 271,210 1*37,737 1*71,572 1,309,961 U.S.Treasurer-general acct. 373,71*1 25,936 80,1*05 22,963 27,377 23 ,'1*00 17,861 59,230 23,909 21,313 12,073 20,21*0 33,921* Foreign . 836,01*0 25,1*53 1/335,680 70,^13 63,139 31,371 25,91*2 90,1*25 22,236 16,306 20,753 22,236 56,536 Other 1*71*, 516 5,281 301,01*8 7,1*73 63,31*7 7,709 1*,269 2,91*6- 12,621 11,1*61* 6,231* 3,1*59 1*8,665 Total deposits ll*,8l*0,580 733,371* 5,622,912 ‘773,71*9 1,206,331* 591*, 030 550,281 2,025,101 515,5H 320,293 j>2ó,852 517,507 1,1*1*9,086 Deferred availability items],^ 102,971 109,311 21*1*,6?1 71,212 123,131* 31,933 29,821 170,91*6 57,965 19,61*7 1*7,566 53,203 87,982 Other liabilities including accrued dividends. 3,&*5 ■.,611 638 232 273 1*16 151 1*16 79 11*3 31*5 115 121 TUTaL LIABILITIES 28,065,1*90 1721,6 69 3,613,731* 169U.395 2,1471,196 11*52,561 1113,872 1*, 620,712 1031*,71*5 61*5,272 1000,661 317,255 2,821*,1*18 capital accounts Capital paid in 11*6,678 9,520 53,672 11,71*3 15,171 5,911* 5,222 16,381 1*,576 3,150 l*,77l* 1*, 1*60 12,095 Surplus (Section 7) 160,i*ll 11,160 53,001 15,670 11*, 767 5,236 5,725 22,925 4,966 3,221 3,613 1*,033 11,01*1* Surplus (Section 13b) 26,829 2,371* 7,070 1*» 393 1,007 3,21*1* 717 1,1*29 530 1,000 1,137 1,307 2,121 Other capital accounts 1*9,975 . 2,725 13,660 3,200 1*,769 2,21*3 2,31*2 3,971* 2,106 2,596 2,130 1,983 3,189 total liabilities and CAPITiiL ACCOUNTS 28,1*1*9,383 171*7,-91*8 8,71*6,137 1729,1*01 2,506,910 11*69,193 1132,373 1*, 670,1*21 1096,923 655,239 1012,373 329,033 2,852,367 Commitments to make industrial • * . advances 11,671*' 119 211 1,721* 332 1,006 118 -- 1,633 1,691 — — 1*,81*0 * F. R. notes outstanding 12,683,171’ 907,732 2,393,11*3 87l*,92l* 1,174,767 323,273 531*, 671 2,1*70,070 51*2,351* 312,1*1*9 l*33,6oo 276,91*6 1,383,71*2 Collateral for F.R. notes held by F.R.Agents: Gold certificates 12,1*73,000 363,000 2,915,000 795,000 1,100,000 727,000 565,000 2,500,-000 1*30,000 315,000 1*1*0,000 231*, 000 1,1*01^,000 Eligible paper 6,500 51*0 5,71*5 130 — 35 -- -- — 50 -- U.S.Gcv’ t securities 385,000 50,000 — 100,000 — 125,000: 30,000 -- 75,ooo -- 5,000 —— « — MATURITY DISTRIBUTION’ OF BILLS .J*D SIKTJhlTISS Within lo to 31 to ol 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 ysars Bills discounted 10,237 .6,1*50 5 2,21*5 1,517 18 2 - - — — Industrial advances 12,1*73 7,21*8 1*76 21*2 1,1*75 559 1,3.98 927 105 — U. S. Government securities, direct and guaranteed 5,317,932 51*6,1*12 81,711*. 292,280 127,712 269,875 612,700 21*1,575 l, 1*06,371* 2,239,29c l / After deducting $1*1*9,390,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F, R, 293a Released for publication Friday morning, January ¿‘ 2,191*3J not earlier, STATEMENT OF CONDITION OF THE TTiBLVS FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Jan. 20, Jan, 13, Jan, 21, 19^3 191*3 191*2 a a S E.T s Gold certificates on hand and' due from U, S, Treasury 20,1^8,281 * 12,001 21*, 731* Redemption fund - F, R. notes 32,205 ♦ 560 + 18,768 Other cash 1+28,608 + 21*, 1*03 + 75,525 Total reserves 20,959,091* + 12,962 ♦ 69,559 Bills discounted» Secured b.y U, S. Gov’t obligations, direct and guaranteed 7,200 + 1*,250 * 1*,966 Other bills discounted 3,037 - 1,000 + 2,068 Toial bllIsjiiscpunted 10,237 ♦ 3,250 + 7,031* Industrial advances 12,1*73 - 557 + 3,052 u. S. Government securities, direct and guaranteed» Bonds. 2,772,055 - 17,076 +1,220,1*50 o tc S 1,31*5,059 — * 652,559 Certificates 1,014.8,000 + 7,000 , +1,01*3,000 Bills, 652,818 -11*7,133 61*6,818 Total If, S, Government securities, dTrpot- nnd guaranteed 5,317,932 -157,209 +3/567,827 Total bills and securities 5,81*0,61*2 -151*, 516 +3,577,913 Due from foreign banks — 1*7 •ft wm F. R. notes of oth^r banks 5?, 1*17 - I.250 + 25,381 Uncolloctod items 1,1+57,76? + 50,277 329,788 Bank premises 39,270 9 - . 1,515 Other assets : 93,11*1* + 1,331* 1*8,028 T0T.iL ASSETS 28,1*1*9,383 - 91,202 +1*, 01*9,15I* L I a B I -L I T I E S F, k. notes1 in actual circulation 12,118,29^ • + 9,015 +3,9-19,378 Deposits» - Member bank-reserve account 13,156,283 -122,866 4* 10,815 U, S. Treasurer-general account 373,71*1 ♦ 1*5,005 ♦ 89,561 Foreign 336,0l*0 + 6,605 + 106,261 Other . 1*71*, 516 - 3,360 - 182,1*35 Total deposits 11*,81*0,530 - 75,056 + 21*, 202 Deferred availability items 1,102,971 - 25,928 + 95,1*65 Otheir liabilities including accrued dividends 3,61+5 363 + 322 TOTxiL LIABILITIES 23,1065,1*90 - 92,332 +1*, 039,367 . C -i P I I A L ACCOUNTS Capital paid in 11*6; 67s + 207 + 3,806 Surplus ''Section 7) 160,i*ii — + 2,909 fcnrpju? (Section 13^) 26,829 — + 1*9. Ot. sr capital accounts . 1*9,975 ♦ 923 3,023 T0T-i.j.. LliiBILITI/LS AND C^PIT.vL ACCOUKTS 28,1*1*9,333 - 91,202 ♦J*, 01*9,15I* Ratio of total reserves to deposit and F, R. note liabilities combined 77.7/o + .2% - 13.1% Com&dtsaents to make industrial advances 11,671* + 1*76 - 2,603 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 20, 191+3 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich* Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran* Gold certificates on hand and due from ü. S. Treasury 20,1+99.281 113l+,872 6,758,-1+1+7 1153,215 1,71*0,981+ 967,690' 79l*, 692 3*536,631* 69I+, 81+7 1+1*5,521 61+l+,66l 533,.295 2,093,1*23 Redemption fund - F.R.notes 32,205 1/016 1,675 5,1+06 986 3,106 1,722 1,.261+.. l+,ll+l+ ' 187 319 331 7,01+9 Other cash 1+28,608 39*828 100,816 26,686 53*186 2^,836 2S,l0o 1+5,-968 ' 21,851 9,P78; H+,105 16,75_1+____1*7,39^* Total reserves 20,959,091+ 1175,716- 6,860,938 1185,307 1,795,156 1000,632 821+, 520 3,533,866 720,81+2 l+5l*,786 659,085. 550,380 2,11+7,866 Bills discounted: Secured by U. S. GGoovvf1 1t oobblliiggaattiioonnss,, direct and guaranteed 7/200 51*0 5,71+5 130 690 35 — — — -- 50 — 10 Other bills- discounted ^ 3,037 -- 1,281 285 313 129 105 366 90 06 31+ 90 228 Total bills discounted 10,237 51*0 7,026 Ul 5 1,003 161+ 105 366 90 66 13I* 90 238 Industrial advances 12.1i73 1*57 611 i+,277 850 676 1+57 232 7 371 1,335 29 3,071 U. S. Government securities, direct and guaranteed: Bonds 2,772,055 201+,503 71+2,029 213,762 262,713 167,309 12l+,'0l+l+ 31+1,057 132,532 31,199 131,-733 108,662 256,912 Notes^ 1,31*5,059 99., ¿28 36o,ol+G 106,146 127,1*75 31,1+27 60,183 165,1*39 61+,330 39,1*01 63,91*5 52,721+ 121+, 658 Certificates 1,01+8,000 77,311* 280,531 82,705 99,321 63,1+1+2 1+6,896 123,91+0 50,121+ 30,698 1+9,822 1*1,080 97,127 Bills 652,818 39,71+0 12.7,606 31+,551+ 31*, 773 23,086 20,286 2ol+, 1+1+1+ 37,71+1+ 10,1+33 27,71*6 il+,.06I+ 73,277 Total U. S. Gov’ t securities, direct and guaranteed 5,817,932 1*20,785 1,510,271+ 1+1+2,167 521*,282 31*0,761+ 251,1+11+ 839,930 28l+,780 161,736 273,296 216,530 551,971+ Total bills and securities 5,81+0,-61+2’ 1+21,732 1,517,911 1*1+6,859 526,135 31*1,6ol* 251,976 81+0,573 231*,377 162,173 27l+,315 216,6I+9 555,283 Due from foreign banks 1+7 3 1/ 13 5 1* 2 2 6 1 * 1 1 1* F.R.notes of other banks 59,1*17 1,270 5,396 2,116 1,672 15,676 3,993 i+,397 1*>261+ 2,335 6,193 2,155 9,237 Uncollected items 1*1+57,7-69 11+0,120 327,299 33,092 170,085 102,331* 1*6,61*3 227,211* 30,1+51 31,322 61+, 91*8 55,130 128,58'1 Bank premises 39,270 2,722 9,823 1*, 755 I*, 317 3,ol*6 1,726 .2,917 2,110 1,309 2,302 1,052 2,691 Other assets 93,11*1+ 6,327 21+, 252 7,267 9,51*1 . 5,65I* i+,013 11,1+1*3 ‘ 1*, 376 2,311+ l+,52!+ _J,721 ___9.1.2Q5 TOTAL ASSETS • 28,1+1+9,383 171*7,91*3 3,71*6,137 1729,1+01 2, 506,910 11+69,193 1132,375 1+,670,1+21 1096,923 655,239 1012,373 329,033 2,852,867 ♦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