H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F* R* 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Jan. lij.; of the Federal Reserve System not earlier. January 13» I9UU CONDITION OF THE FEDERAL RESERVE BiiNKS During the week ended January 12 member bank reserve balances increased $199*000,000. Inoreases in member bunk reserves arose from decreases of $323»000,000 in Treasury deposits with Federal Reserve Banks and $32,000,000 in. money in circulation, of-fset in part by increases of *$9]*» 000,000 in nonmember deposits and other Federal Reserve accounts and $1*,000,000 in Treasury ca§h.and.by decreases of $57*000,000 in Reserve Bank credit and $2,000,000 in Treasury currency. Excess reserves of member banks on January 12 were estimated to be approximately $1,130,000,000, an increase of $160,000,000 for the week. There was an increase of $20^*000,000 in holdings of United States Govern­ ment securities» bills increased $165*000,000, certificates $37*000,000; and bonds $ , , . 2 000 000 Changes in member bank reserve balances and related items during the week and the year ended January 12, I9I4.I4, were as follows t Increase or decrease since Jan* 12, Jani 5, Jon* 13 19 hh i9U, 19U3 (In millions of dollars) Bills discounted kl + 16 + ko U. S. Government direct obligations 11*770 + 203 +5,835 U. S. Government .guaranteed obligations . 85 + 1 + 1*5 Industrial advances (not including 9 million cormviititunts - January 12) 11 + 1 2 Oth^r Reserve Bank credit 1*02 - 279 r-1 OJ KN Total Reserve Bank credit 12,315 - 57 +6,01*1 Gold stock 21,938 mm mm - 771* Treasury currency 14,092 - 2 + 395 keriber bank reserve"balances 1Î2.301 199 r 1*78 + • Money, in circulation 20,1*01* - 32 +5,082 Treasury cash 2,318 k 129 + + Treasury deposits with F*R. Banks 638 - 323 + 309 Konmember,deposits and other F*R. accounts '2,131* 9h 621 ♦ + Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

irorm F. k. 283° STATEMENT OF CONDITION OF THE FEDHk&L KESEkVE BANKS ON JANUARY 12, lgl*4 (In thousands of dollars) . L I A B I L I T I E S Total JBoston New York Phila. Cleve. ltich. Atlanta Chicago St*Louis Minn. Kans.Cy. Dallas San Fran. F.kfc.. notes irj*actual cir­ culation 16,896,319 1151*604 3,750*800 1150*462 1,504,308 1137*937 950,634 3,171,534 724,812 386*539 615*632 411*460 1*940,097 Dei.posits« member bank-reserve acct. 12,801,259 622,713 1**208,51*0 61*6,658 988,106 530,985 531,958 1*968*246 458,226 298,273 580.571 517,290 1,449»-693 U.S.Treasurer-general acct. 638,332 ¥,913 187*069 36,706: 82,082 1*8,363 20,704 66,197 21,471 18,295 24,-930 24,333 66,269 foreign 1,1*1*!*,503 9^*903 l/58l*,0l*0 121*,1*32 120,375 54*101 43»281 167*713 41,928 29,756 39,223 32*223 105,528 Other 1*00,1*77 5*286 ~ 231*, 218 1*,832' 9,019 3,463 5*075 6,336 11,588 12,761 2,550 2,732 52,617 Total deposits 15,294,571 761*, 8i5 5*263,867 812,628 .1,199,582 636,912 601,018 2,208,492 533,213 359,085 647,274 503,578 1,674,107 Deferred availability itams 1,311**173 88,01*7 252,609 73*218 n*2,91a 98,933 76,421 201*635 69,236 29*527 71*924 54,644 155*038 Other liabilities including accrued dividends 6,135 1*52 1,608 612. 535 217 524 988 177 165 331 139 .387 TOT.lL LIABILITIES 33*501,193 2ool*,9l8 9,263,884 2036,920 2,81*7,866 1873*999 1623,597 5,532,61*9 1327,1*38 775*316 1335,161 101*9,821 3*769*629 * * Capital paid in . 155*328 9*852 57-, 530 11*751 15,768 6,232 5*474 18,000 4*725 3*313 5,049 4,681 12*953 Surplus (section 7) 188*097 13*206 70,012 17,^59 • 16,026 5*236 5*725 26,490 6,330 3*669 4*554 4,331 14*159 Surplus (section 13b) 26,965 2,871* 7,092- 1*»1*21 1,007 3,290 749 1,429 530 1,000 1,137 1,307 2,129 Other capital accounts 60,926 2*976 13,H*9 3,668. 7,61*1 4,510 4*067 9,892 2,608 3*386 3,187 2,738 3,104 TOTAL LIABILITIES- *ND CAPITAL ACCOUNTS 33,932,514 2033*826 9,1*16,667 2074,619 2,883,308 1893,267 1610*, 612 5,638,460 131*1,631 786,-681* 131*9»0881^63,378 3,801,971* Commitments to make industrial advances 9,278 700 9 1,963 100 670 — — 316 — 3,000 — 2,520 F. ¿vnotes outstanding 17*549,787 1200,291 3,386,161* 1188,5^ *1,552,510 1173,1*35 1003>328 3,21*0,526 759,135 395*215 636,251 1*1*7,-311 2,062,052 Collateral for F.k.notes held by F.k.Agents j Gold certificates 12,831,000 761,000 ^,965,000 715.OOO 1,155,000 775,000 725,000 2,650,000 1*00,000 225,000 1*00,000 336,000 1*724,000 Eligible paper 1*4*744 1,539 32,1*65 1*,1*55 — 2,210 » — — l*»ooo — 25 — — U.S.Gov't securities 5,076,087 1*50,000 950,000 1*75»000 1*00,000 1*50,000 300,000 700,000 1*01,087 175»000 250,000 125,000 1*00,000 maturity distribution of 3ills and securities mithin 16 to 31 to 61 to 9I 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 Bills discounted 1*6,986 3333**6611**11 6,975 20 6,350 — ' — — , Industrial advances 10,51*2 88,6611**77 5 988 168 ‘ ll*8* !*0l* 9!* 88 U. S. "Government securities, direct and guaranteed: ll,85i*,829' lr188*l*33 1,381,738 .2,1*1*1,1*56 3*080,600' 547,900 1*303,350 223,200 1*87,971 1,200*181 l / After deducting $860,207,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. h. 233a keleased -for publication Friday morning, January ll*, I9I*}*; not earlier, STATEMENT OF CONDITION OF IxiE TWELVE FEDERAL RESERVE BANKS : COMBINED' (In thousands of dollars.) Increase or decrease since Jan. 12, Jan. 5, Jan, 13, ishk 19^1* 191*3 A S S E T S Gold certificates on hand and due from U. S. ¿’Treasury . 1-9,.500,570; - 12,010 ‘ ‘ -1,009,712 Redemption fund .- <F.- k. notes ' 261,1*33. . + 10» 11*2 + -229,783 Other cash 353*510 + 16,91*1* - • 50,695 Total reserves 20,115*513 + 15,076 • .830., 619 Bills disoountedt Secured by U.S.*Gov*t obligations, direct and guaranteed 1*6,906 ♦ 16,186 + : 1*1** 036 Other bills discounted s.L -a**» 1*,037 Total bills discounted i*d,986 . + 16,186- ' * • 39¿999 Industrial advances , 10,51+2 + 373 2,1*88 U. S. Government securities, direct and guaranteed» Bonds 1,631**352 + 1.975 -1,151*, 779 Notes • -677,900 — - 667,159 Certificates ' . 2,51I*, 300 > 37,500 +1,1*73,300 Bills 7,027,777 +161*,823 +6,227,826 Total U.S, Government securities, direct and guaranteed 11,851*,829 +201* ,298 • • +5,379,688 Total bills and securities 11,912,357 +220,857 +5,91;7,199 Due from foreign banks : . 136 + 89 F. R* notes of other banks 89 ,.691* ♦ 1,257 .+ - 29,027 Uncollected items 1-, ?16,336 -386,917 *. 308,896 Bank premises 35,200 — 1*,079 Other assets , 63,226 + 1,118 23,531* TOTAL assets 33,932,511* -11*8,609 +5,391,929 L I A B I L I T I E S F. R. notes in actual circulation 16,396,319 - 11,7^0 .+1*, 787,01*0 Deposits: * * Member bank- reserve account 12,301,259 +199.503 ,1*77,330 U.S.Treasurer - general account 638,332 *-322,91*7. • + 309,596 Foreign • ’ 1,1*1*1*, 503 + 63,390 + 615,063 Other 1*00,1*77: ♦ 29,1*52 - 77,399 Total deposits 15,231*, 571’ - 30,102 .+ ..363,935 Deferred availability items ! 1,3.11*, 173 -108,61+1* + .135,271* Other liabilities inblud'ingv accrued dividends 6,135 + . 760 .+ . 2,127 TOTAL LIABILITIES 33,501,198... »11*9,776 +5‘, 31*3“, 376’ • ) C A P I T A L A C.C.O.IT. n-T S Capital paid in 155,323 + & OJ + 8,857 Surplus (Section 7} 183,097 +. 27,686 Surplus (Section 13b) 26*965. . — 4 •• 136 Other capital accounts , 60,926 +' 775 + 11,871* TOTAL LIABILITIES AND CAPITAL ACCOUNTS: 33,932,511* -11*8,609 ♦5,391,929 katio of total reserves to deposit • and F. k. note liabilities, combined 62. $ +’ .1!% - 15.0JJ Commitments to make industrial advances 9,273 231 1,920 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. ft. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE B/iNKS ON; JANUARY 12 r 19$* (In thousand's of dollars) A S S E T S Total * Boston New York. ?hila. Cleye. Rich*.. Atlanta Chicago St.Louis Minn* Kaas.Cy. Dallas San Fran. Gold certificates on hand and * • due from U. S. Treasury 19# 500; 570 1X15,629 it,977,961 111*0,783 1,699,579 ; 1120,1*75 1025,718 3,502,777 701,525 1*33,382 ?$1,1*03 581,312 2,1*10,021 Redemption fund - Fjk.notas 261,1*33 22,377 52,251*; 2l*,980 20,830 22,705 18,871 30,569. 19,681 8,615 12,260 9,792 18,501 Other cash 353,510. 3l*,55l* 81*,893 26,559 26,357 23,51*2 21*,59l* > 2,399 15,879 8,839 i5,lol* 11,818 1*1,172 Total reserves 20,115,513.1172,560 5,115,108 1192,327 1,71*6,766 1166,722 1068,983 3,575,71*5 737,085 1*50,831* 816,767 602,922 2,1*69,69!* Bills discounted*.- Secured by U*S. Gov‘ t obligations, direct and guaranteed 1*6,986 1,589 32,1*65 1*,1*55 370 2,210 50 1,000 1*,000 — 25 322 500 Other bills discounted — — — — -- — — -- -- mámm Total bills discounted 1*6.986 1,589 32,1*65 it, 1*55 570 2,210 50 1,000 i*,000 — 25 322 500 Industrial ad..vances 10,51*2 339 126 1*,506 39O 255 171 1* 181 50 12 1*,550 U. S. Government securities, diract and gu-runteedj Bends 1,631*,352 - 125,1*56 356,21*5 126,912 180,627- 110,902 • 92,t28 171*, 106 80,002 *51,925 85,71*5 77,655 171,251 Notes 677,900 52,037 11*7,7.61* 52,61*1 71*, 921 1*6,000 58,1*62 72,216 • 55,515 21,538 55*565 52,209 71,052 Certificates 2,511*» 800 193,01*1 51*3,157 195,232 • 277,955- 170,61*7 .11*2,632 267,902 . 121*, 352 79,895’ 151,931 -119*1*90 • 265,505 Bills 7,027,777 326,216 2,830,100 591**885 1*15,1*91* 257,560 186,955 1,265,799 268,985 158,881* 179,155 162,589 605,581 Total U,¿¿Gov’ t securities 9 direct and guaranteed 11,85U,829 696,750 3,882,266 7^,713 91*8,977 58l*,909 1*60,827 1,778,025 507,652 292,21*2 1*32,377 391,71*1 1,109,367 Total bills and securities 11,912,357 00 00 1 3,9H*, 857' 778,679 91*9,757* 587;55é ‘l*6l,0l*é 1.779,027 * 5il*;65^ ¿92,1*23’ 1*32,1*52 592,075 l,lll*,1*17 Due from foreign banks 136 10 1/ 1*9 12 15 5 1* 17 1* 5 1* 1* 11 • K.R.notes of other banks 89,691* 1*559 “11*,581 2,175 1*,168 H* ,658 8,771 7,-927 6,097 2,681* 5,361 5,592 18,121 Uncollected items 1,716,388 15I*,988 31*7*529 95,557 176,197 117,51*1* • 100,889 266,179 81,688 • 57,1*82 88,612 6018II 191,152 Bank premises 35,200 • 1,666 9,121 5,600 * l*j211* 2,936 1,653 2,91*8 2,061* 1,280- 2,732 965 2,025 uther assets . 63,226 1*,365 15, &2 1**289 7,215 . l*,05ö 5,261* 6,617 5,061 1,978 3,180 5*011 6,576 > • * • » . * • « ♦ * * ; . * TOTAL ASSETS 33,932,51I* 2033,826 9*1*16,667 2o7l*,6l9 2,888,308 1893,267 161*1*,¿12 5^638,1*60 131*1,631 786,681* 131*9,0881063,379 3,801,971* i / After deducting $87,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis