H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F* R, 283 ST.iTELSENT FOR THE PRESS Released for publication Board of Governors Friday morning, Jan. 21; of the Federal Reserve System not earlier. January 20, I9W* CONDITION OF THE FEDERAL RESERVE BoNKS During the week ended January I9 member bank reserve balances increased $213,000,000* Increases in member bank reserves arose from a decrease of $23^,000,000 in Treasury deposits with Federal Reserve Banks and an increase of $103.0,'0,000 in Reserve Bank credit, offset in part by-an increase of $U,000,000 in money in circulation,‘ $9,00C¿000 in Treasury cash, and $113,,000,000 in nonmeniber deposits and other Federal Reserve accounts. Excess reserves of member banks on January 19 were estimated to be approximately 5.1,120,000,000, a de­ crease of $10,000,000 for the week. There, was. an increase of $$8,000,000 in holdings of United States Government securities. Certificates increased $cij.,000',000 and bonds $2,000,000, wh51«* bills decreased $3,000,000, Changes in meinber baijk reserve balances and reluted items during the week and the year'ended January 19, I9UU, wore as follows* Increase^ or decrease since Jan, I9, Jan, 12, Jan, 20, 19UU I9kk I9h3 (In millions of dollars) Bills discounted u 6* + 31 U, S, Government direct obligations 11,828 + 58 055 U, S, Government guaranteed obligations . . 85 + 1*0 Industrial advances (not including 9 million commitments - January 19) 10 1 - 2 Other Reserve Bank credit h5h + 52 99 '■‘■otal Reserve Bank credit . i2,la3 ♦ 103 223 Gold stock 21,933 - 765 Treasury currency it,093 + 1 + 31*6 Member bank reserve balances • 13, oil! + 213 — 11*2 L-iOney in circulation 20,1*08 + h +5,051* Treasury cash 2,327 + 9 + 131 Treasury deposits with F, R, Banks bok - 23k , + 30 Nonmeniber deposits and other F, Rtaccounts > 2,297 + 113 + 731 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

fora F. R* 283c STATEMENT OF CONDITION' OF 1lHB FEDERAL RESERVE BANKS ON JANUaRY 19, I9UU (In thousands of dollars) L 4- 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. *'+ R. notes in actual cir­ culation 16,905,671 11148*979. 3.759,203 1130,771 1,505,95k 1133,980 91+9,021 3*179,673 725,011* 387,061 616,617 1*09,821 1,939.577 Deposits Jaember bank-reserve acct. 13,013,603 650,61*5 1*, 31+6,350 652,691* 1,005,910 521*, 633 556,603 1,963,266 ^ 7,961 297,660 577*81*6 512,171 1,1*57,611* U„S.Treasurer-general acct. 1*03,756 29,273 81,825 26,953 1*5,983 22,727 19,837 1*5,8'55 . 19,233 23,158. 20,1*16 19,271 1*9,220 Foreign 1,521,555 100,912 1/ 613,602 131,11*7 126,870 57,020 1*5,616 176,763 1*1*, 191 31,361 l*l,3Uo 1*1,510 111,223 Other 1*37,1*18 l*,8ii8 313,819 5>862 8,195 1**708 5,761 7,1*65- ll*,63l* ll*,l+ll+ 1*,880 2,653 50,179 Total deposits .15,376,332 785,678 5*355,596 816,661 1,186,958 609,138 628,017 2,193,31*9 51*6,019.366,593 61*1*,1*82 575,605 1,668,236 Deferred availability items 1,1*1*7,051* 90,11*1* 291*, 851- 98*500 163,262 102,81*1 85,920 205,-911 .67,992 29,256 83,201 61*, 031 161,11*5 Other liabilities including accrued dividends 5,71*9 -.515 1,1*11* ’ 1*79 537 301 250 1^058 163 166 .272 192 1*02 TOTAL LIABILITIES 33,731*,806 2025,3.16 9,1*11*061* 2066,1*11 2,856,711 181*6,26o 1663,208 5,579,991 1339,133 733,076 131+1+, 572101*9,61*9 3,769,360 Capital paid in 155,576 9,856 57,562 11,760 15,79b 6,21*3 5,1+78 18,029 1+.71+9 3,381 5,056 i+,692 12,976 Surplus (ooction 7) 188,097 13,206 70,012 17*859 16,026 5,-236 5,725 26,1*90 6,330 3,669 ¿+*55u 1+,831 li+,159 Surplus (Scction 13b) 26,965 2,871* 7,092 ¿,1*21 1,007 3.290 71+9 l.,l+29 530 1,000 1,137 1,307 2,129 Oth ¿r capital accounts 61,221* 2,986 13,321 3,715 7,69b l*,5b6 1*,088 9.856 2,585 3,393 3,136 2,7i+o 3,15? TOTAL LIABILITIES ¿JSD CAPITAL ACCOUNTS 31*.166,668 205li,238.9,5^,051 210l*,l66 2,897,232 1865.575 1679,21*8 5,63.5,795 1353,382 79l+,521* 1358,1*551063,219 3,301,783 Commitments to make industrial advances 9*1+06 700 9 2,068 100 670 — — 316 — 3,000 — 2,51*3 F.R,notes outstanding 17, 579,8^ 1201*,696 3,388,936 1185,116 1,55b, 033 1178,132 .1005,31+3 3,21*6.951 762,626 395,073 636,51*1 1*1*6,1*27 2,075,990 Collateral for F^R.notes held by F.R.Agentst Gold certificates. 12>86l,000 761,000 3,115,000 715,000 1,155,000 775,000 725/^300 2,530,000 1*00,000 225,000 .1*00,000 336,000 1,72)+,000 Eligible paper 38,887 2,'800 28,1*37 1,180 — 1,1*60- ■ — — 5,010 — — — U#S*Govft securities 1*,996,719 1*50,000 800,000 1*75,000 1*00,000 1*50,000 300,000 790,000 331,719 175,000- 250,000 125,000 1*00,000 MATURITY DISTRIBUTION OF BILLS AND SECURITIES ’Within ; 16 to 31 to 61 to 91 days to 6 mcnths 1 to 2 2 to 5 Over . Total 15 days 30 days 60 days 90 days 6 months • ta 1 year years years 5 years bills discounted 1*1,079 32,677 . 1.570 71+5 ' 6,037 : 50 -- — Industrial advances 10,1*01* .8,538 5 962 168 . 150 1*00 93 80 U. S. Government securities, direct and guaranteed 11,912,781* i.503,350 l,l66,l*60 2,5l+l+»309 3,095,^33 3^1 >900 1,31*7,81*0 223,200 1*87,971 • l/A fter deducting $906* 621*,000 participations of other Federal, Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora f. R. 253a Released for publication Friday narn'ing« January 21,19bb» n®^ °^rl'ier» STATEMENT 0# CONDITION OF, THE TWELVE FEDERiL RESERVE BANKS COMBINED - (In thousands of dollars) Increase or <Jecrease since Jan, 19, Jan. 12, Jan. 20, l9bb 19bb I9b3 A S S E T S Gold certificates on. hand "and due from U. S, Treasury ; 19 »’501 ,‘57 5 ♦ ;i,oo-5 - 996,706 Redemption fund - F, R. notes 258,57b .2,859 • + ,2$6.369 Other cash '360,'06l ♦ 6,551 r 68,5b7 Total reserves 20,120,210 + b,697 - 838,88b Bills discountedi Secured by U, S, Gov’-t obligations, « » direct and guaranteed’ bl,079 - 5,907 + 33,379 Other bills discounted ■ mm mm - 3,037. Total bills discounted '¿1,079 - 5,907 ♦ 3o,8b2 Industrial advances 10, bob : 138. !- .2*069 U. S, Government securities., direct and guaranteedt Bonds 1,636,392 ♦ 2,0b0 -1,135,663 Notes 677,900 mmm - 667,159 Certificates 2,578,690; ♦ 63,890 ♦1 ,*530,690' Bills 7>019,802; - 7,975 ♦6,366,98b Total U«S, Government securities, dlreot and guaranteed • " 11,912,78b’ +•■ 57,955 +6,09b,352 Total bills and securities . 11,96b,267’ + 51,910 ♦6,123,625 Due from foreign banks 136 + 89 R. notes of other banks 81,813 - 7,881. + 22, $6 Uncollacte^ items 1,900,651 +18b»263 + bb2,882 Bank premises •35,201 +: 1' b,069 ‘ Other assets 6b, 390;- ♦ 1,16b 28,75b TOTAL ASSETS 3b,166,668 ♦23b', 15b. +5,717,285 LI a B I L I T I- E S- F. R. notes in actual circulation. 16,905,671 ♦ 9,352^ +b, 787,377 Deposits'» t*. Member bank-reserve account 13, 013:, 603 +212,3bb: - Ib2,680 U,S.Treasurer-»¿neral acpount bo>,756; -23bi576/ + • '30,015 Foreign 1,521,555 +77,05? + 685,515 Other b37,b!8 + 36,9bl - 37,09:8 Total deposits 15,376,332 +.91,761 ♦ 535,752 Deferred availability,,items i,ub7V05b" +132^881 + • 3bb',083 Other liabilities including accrued ^dividends 5,71*9 - ¡386 + 2,10b TOTAL LIABILITIES 33,73b»806 ♦233,608- +5^ ^>3.1 f> C A P I T a L:; A C'C 'O.U FT S Capital paid in • 155^576 * 2i|.Q ♦ 8,898 Surplus (Section 7) 188,097 mm*m ♦ 27,686 Surplus (Section 13b) 26,965 . + . .136 Other capital accounts 61,'22b +' .298 + H,2b9 •TOTAL LIABILITIES; ¿a® CAPITAL ACCOUNTS 3b, 166,668 +23b,15b . +5.717,285 Ratio of total reserves to deposit and F. k. note liabilities combined ; 62 .*3$ - I5.bfc Commitments to make industrial advance's. 9,bo6 + . 128 - .2,268 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora .-F. R. 283b STATEMENT OP CONDITION OF THE FEDERAL RESERVE BAMS GN JANUARY I9, I9I4J4 ( 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 19,501,575 1115,533 5,21*6,065 1131,366 1,651.827 1079,831 I02l*,260 3,396,573 720,072 1*32,908 755,1*1*7: 561*,076 2,353,612 Redeaption. fund - F.R.notes 258»57l*: 22,290 1*1,966 2l*,836 20,73-5 23,816 18,772 37,1*63 19,61*7 8,606 12,238 9,763 18,1*1*2 other cash 360*061 3l*,2l*Q 85*551 27,081* 25,955 21*,871 2l*,976 1*1*,1*57 15,756 9,113 13,1*05 11,773 1*2,697 Total reserves 20,120,210.1172*068 5,373,562 1183,286 1,093,515 1128*518 1068,003 3,1*73,1*95 755,1*75 1*50,627 811,090" 585,617 2,l*ll*,951 ¿ills discounted: Secured by U.S.Gov*t obligations* direct and guaranteed 1*1,079 2,800 28*1*57 1,250 220 l,l*6o 50 1,050 5,010 — — 322 500 Other bills discounted --- — -- -- -- — — -- — — — Total bills discounted 1*1*079 2,800 28,1*57 1,250 220 1,1*60 50 1,050 5,oio — 322 500 Industrial advances 10,1*01* 339 126 l*,56o 590 255 155 h 180 30 12 1*, 525 U. S. Government securities. direct and guaranteed* Bonds _ 1*656,592 125,51*1 558,-519 127,228 180,525 110,656 92,1*11* 171*, 722 80,753 51,952 85,711 77,1*83 170,910 Notes 677,900 • 52*007 11*8,522 52,706 71*, 785 1*5,855 38,281* 72,581 33,1*55 21,522 . 35,507 32,098 70,802 Certificates 2,578,690 197-, 831* 561*,968 200*495 . 281**1*75 171*, 31*6 11*5,626 275,556 127,250 81*871 135,067 122,101 269,325 Bills 7,019,802 335,586 2,61*3,179 l*ol*, 702 1*55,993 262,069 192,293 1*31*6,659 255,753 11*5,882- 185,303 168/721 61*7,657 Total U.S.Gov*t securities1# - dir.ect and guaranteed 11,912,781* 708,968 5,715,188 785,129 '973,776. 592 *881* 1*68,617 1*369,098 1*97,209 301*227 1*1*1*593 1*00,1*03 l,-i58,692 Total bills and securities 11,961* ,267 712*157 5,71*5,751 790,719 971*, 336 591**577 1*68,822 1,870,152 502*219 301,1*07 1*1*1,623 l*oo*'737 1,163,717 Lue fron fereign banks 156 .10 1/ 1+9 * 12 13 5 1* • 17'' 1* ' 3 1* : - 1* 11 • #.k.riotes of other banks- 81*815 2,186 15*521 2,252 5,862 13,197 •7,019 8,097 5,086 3,110 1*, 028 2,1*78 17,177 Uncollected items 1*900*651 161*781* 1*01*, 163 119,900 208,785 121,769 150,51*9 269*277 85,1*97 36,01*6 95,685 70*251 197,11*2 Bank promises 55,?01 l*.66o 9,121 5,600 1**211* 2,956 1,655 2*91*3 ' 2,065 1*280 2,732 963 2,023 Other assets 61*, 590 1**567 15,079 ¿*,597 7,1*5? b ,'573 3,595 6,811 3,036 2,051 3,293 3,169 . 6,762 TOTAL ASSETS 5l*, 166,668 2051**258 9.55?,051 210!*,i66 -2,-897,252 1865,575 1679,21*8 5,655,795 1353,582 79^,521* 1558,1*551063,219 3,801*783 \J After deducting $87,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis