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, 28j of the Federal Reserve System not earlier. ‘ January 27, 19bb CONDITION OF THE FEDERAL RESERVE BANKS During thé week ended January 26 member bank reserve balances decreased $12,000,000« Reductions in member bank reserves arose from decreases of $3U,000,000 in Reserve Bank credit and $10,000,000 in gold stock and increases of $i|,000,000 in Treasury cash and $36,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by decreases of $21,000,000 in money in circulation and $53*000,000 in treasury deposits with Federal Reserve Banks. Excess reserves of member banks on January 26 were estimated to be approximately $1,020,000,000, a decrease of $100,000,000 for the week. There'was an increase of $113*000,000 in holdings of United States Government securities^ certificates increased $98,000,000; bills $lli,000,000} and bonds $1,000,000. Changes in member bank reserve balances and related items during the week and the year ended January 26, I9UU• were as follo;vs j Increase or decrease since Jan, 26, Janr *9» Jan» 27 i?Ui .19 ¿¿I; I9U3' (In millions of dollars) Bills discounted. 2k _ 17 + lb U, S. Government direct obligations u,9bo + 112 +6,257 U. S. Government guaranteed obligations 86 + 1 • + Uo Industrial advances (not including 9 million commitments - January 26) 10 - - 2 Other Reserve Bank.Credit 321+ - 131* + 8U ■ . Total Reserve Bank credit 12,365 3b* +6,393 Gold stock 21,923 - 10 - 76Ü Treateury currency ¿1,093 - - + 300 iiember bank reserve balances 13,002 12 - 276 _ Money in circulation 20,3*7 - 21 +U,9U9 Treasury cush 2,331 + b + 132 Treasury deposits with F, R. Banks 351 - 53 + 229 Nonmember deposits and other F«K.accounts 2,33b + 36* + 895 ♦January 19 figures revis'ed. 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 26, I9U* (In thousands ofidollars) 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. R. notes in actual cir­ culation 16,907,039 111*6,91*3 3¡,752,993 1152,155 1,510,569 1132,200 91*7,195 3¡,188,01*2 . 722,708 387,150 615,775 1*05,370 ]L» 9l*5,1*39 -v Deposits 1 13,002,116 656,675 lit.352,378 61*5,838 997,71*1* 535,708 527,763 1., 961,-11*6 1*57,806 29l*,151 580,925 522,671* ]1,1*69,308 t. 351,252 19,739 77,272 •21,157 32,086 23,11*1 19,1*99 50,111* 17,771 19,795 ’ 13,907 20,200 31,571 Foreign 1,530,778 102¿305 1/617,950 131,737 127,1*1*1 57,277 1*5,322 177,559 1*1*,390 31,502 1*1,526 1*1,526 111,71*3 Other 1*62,936 . ; 7*123 328,755 9,797 12,536 5,233 6,91*3 - 5,975 16,007 16,938 2,397 3,131 1*8,01*1 Total deposits 15,31*7,082 785,81*2 e5,376,355 •800,529 1, 169,807 621,361* 600,032 21,19!*, ??1* 535,971* 362,1*36 61*3,755 537,531 ]L, 66O, 663 s 1,321*936 108,280 21*8,936 73,957. 153,963 106,807 77,632 190,892 63,060 27,099 73,073 52,1*89 11*0,71*8 b accrued dividends 7.020 5l*i 1,51*3 1*87 570 237 569 939 181 _ 1SQ 965 327 li!7_ TOTAL LIABILITIES 33,583,077 2ol*l,6o6 5»,379,832 2035,128' 2,831*,909 1860,608 1625,1*28 5), 571*, 717 1321,923 776,871* 1333,568101*6,217 3,71*7,267 Capital paid in 155,681* 9,856 57,561* . 11,760 15,819 6,252 5,1*83 18,055 1*,759 3,582 5,062 I*,711 12,981 Surplus (Section 7) 188,097 13,206 70,012 17,859 16,026 5,236 5,725 26,1*90 6,330 3,¿69 ' l*,55l* 1*,831 11*,159 Surplus (Section 13b) 26,968 • 2,871* • 7,092 1*,1*21 1,007 3,290 71*9 1,1*29 530 1,003 1,137 1,307 2,129 Other capital acdounts •‘62,123 : 3,080 ' 13,1*96 3,760 7,756 1*,583 1*,110 10,0^0 2,61*2 3,501 3,201 2,763 3.211 TOTAL LIABILITIES AND * CAPITAL ACCOUNTS 3l*,015,9l*9 2070,622 9,527,996 2072,928 2,875,517 1879,96? 161*1,1*95 5,630,711 1336,181* 788,1+29 I352;5221059,829 3,779,71*7 Commitments to make industrial : advances 9,1*52- 700 9- 2,115 100 670 316 3,000 — 2,51*2 R* notes outstanding 17,611*,9.65 1201,065 3,389,978 1181*,l*3l* 1,556,721 1177,091 1017,71*1 3,260,595 761,011 396,171 639,969 1*1*5,351 2,081*, 338 Collateral for F,h..notes held by F.R.Agents: ’ ¿old certificates 12,996,000 763.,000 3,115,000 715,000 1,160,000 775,000 750,000 2,530,000 1*00,000 230,000 1*00,000 336,000 1,721*, 000 Eligible paper 22,51*5 ■ 2/1*78 11;,01*2 1,135 — 1,380 3,510 — U.S.Gov't securities 5,003,869 1*50,000 800,000 1*75,000 1*00,000 1*50,000 300,000 790,000 388,869 175,000 250,000 125,000 1*00,000 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Vii thin 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 yiars years 5 years Bills discounted 2Ü,307 18,525 375 2,820 2,587 Industrial advances 10,116 8,251* 17 955 181* 137 • 358 108 73 — U. S. Government securities, direct and guaranteed 12,026,120 1,587,633 1,21*1,526 2,51*5,051* 2,989,1*02 31*9,1*00 1 , 398 , 81*0 223,200 1*89,771. 1,201,291* l / After deducting $910,70l*,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. '263a Released for publication Friday morning, January ;28, 19J+1+; not earlier, STATEMENT OF CONDITION. OF THh; TWELVE FEDERAL RESERVE BANKS' COMBINED (In thousands of dollars) Increase or decrease since Jan-, 26, Jan. I9, Jan. 27, 19U14 • 191*1* 19U3 -.. •A S S E T S' Gold certificates on hand and due from II, S., .Treasury 19,1*98,575 - 3,000 * 99l*, 70U Redemption fund - F. R. notes 258,853 + 279 + 22l+,873 Other cash 366,116 + 6,055 - 58,193 Total reserves . 20,123,5U* + - 3,331* ' - 828,‘021+ Bills discounted: Secured by U.S. Gov’ t obligations, direct and guaranteed 2U,3o7 - 16,772 + 17M2 Other bills discounted — — ■ - 1+.033 . . Total bills discounted*' ' 2li,30 7 - 16,772 + 13,909 Industrial advances 10,116 288 - 1,790 U. S. Government securities, direct and guaranteed: Bonds 1,637,265 + 873 -1,080,523. Notes 677,900 — - 61+3,1+11;' Certtificates. 2,676,690 + 98,000 +1,597,290 Bills 7,031^,265 + 11;, 1*63 +6*1+23,291 Total U. S, Government.securities, . . . • 1 • . direct and guaranteed• 12,026,120 +113*336 • +6*296,6!+!+ Total bills and securities 12,060,51+3 + 96,276 +6,308,763 Due from foreign baj?ks 136’ —■ +" “89 . ‘ ' F. R. notes of other banks 86,307 + l*,l*9l* + 33,808 Uncollected' items 1.61*5.859 -255.678* + 327,697 Bank premises '35.172 29 ,l+,08l+ Other assets : . .64,388.. ■- . ■ 5* -28,573 TOTAL ASSETS 31+,015.91*9 : -151,608* +5*809,676 L I A B I L I T I E S F. R. notes:in actual circulation 1^,9.07,039 - + 1,368- ■ +u, 750,391+ Deposits: Member bank-reserve account 13,002,116 - 11,187 - 275,7U+ U.S.Treasurer-general account 351,252 - 52,501+ + 228,900 Foreign .1,530,778 + 9.223 + Z37.117 Other ." ; 162,936 ' ' + 2lt*,629* '+ 75,372 Total deposits 15,3^7,082 - 30,139* + : 765,61+5 Deferred availability items 1,321,936 -125,118 + 21+3,593 Other liabilities including , 1 . • accrued dividends '7,020 + 1,271 + 3.187 TOTaL liabilities 33,533,077 -152,618* +5,762,319 C A P I T A L A C C O UNT S Capital paid.in '■155;68U + ' 108 ' + ' "8,919 Surplus (Section 7) 183,.097 + 27,686 — Surplus (Section 13b) 2 6,968 + 3 139 . Other capital accounts 62,123 . + DC + 10,11.3 TOTAL LIABILITIES- AND CAPITAL ACCOUNTS 31+.015,91*9 * 151* 608* +5,809,676 Ratio of total reserves to deposit and F. R. note liabilities combined 62.1/o + ..1% l6,0j£- Commitments to make industrial advances 9.1*52 + 1+6; 2,718 ♦Jan. 19 figures revised, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F, ft. 283b . STATEMENT OF .CONDITION OP THE FEDERAL RESERVE BANKS ON JANUARY 26, I9IU* (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. hich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran*. ’ Gold certificates on hand and due from U.S. Treasury 19,1*98,575 1163,1*87 5,109,636 11%,-669 1,61*7,008 1085,709 I0ll*,158 3,1*87,81*1* 720,591* 1*35,205 769,325 561**691 2,366,139 Redemption fund - notes 258 853 23,175 1*1,1*91* 21*, 611 20,590 22,751 18,1*1*2 37,3H 19,523 8,595 12,203 9.728 20,355 Other cash 366,116 31*, 512 90,81*6 26,306 27,506 22^602 21*, 558 1*1*. 312 16,032 3,306 13,686 12,561 1*1*, 389 Total reserves 20,123,51*1* 1221,17k 5,21*1,976 1185,586 1,695,16!* 1131,062 1057,158 3,5^9.967 756,221* 1*52,106 . 795,211* 586,980 2,1*30,933 Bills discounted: Secured by U,S. Govf t . obligations, direct and guaranteed 21*, 307 2,1*78 ll*,0i*2 1,135 61*0 .1,380 50 50 3,510 — — 522 500 Other bills discounted — — -- -- — — -- -- -- -- - - — - Total bills discounted 21*, 307 2,1*73 11*, 01*2 1,135 61*0 1,380 50 50 3,510 -- — 522 5oo Industrial advances 10.116 387 126 U.107 390 231 120 1* — 131* 30 12 1*»525 U. S. Government securities, direct and guaranteed: Bonds 1,637,265 125,521 360,91*3 127,1*89 180,217 110,203 9I.937 175,302 30,611 51,936 85,586 77,197 170,323 Notes 677,900 51,971 • -11*9,1*1*6 52,736 71*, 6*8.. 1*5# 629 _ 38,066 72,533 33,376 21,501* 35,1*37 31,963 70.521 Certificates 2,676,690 205,208 590,037 208,1*23 29I*, 632 180,162 150,302 286,597 131,783 • 31*,909 139,913 126,203 278,1*56 Bills _7,03l*,265 32I*-,23? 2/793,21*3 390,123 1*32,21*9 . 268,672 195,271 1,263,969 .21*5,123 13I*,231* 196,51*1* 170,727 619,768 -- “V* --— - Total U.S.Gov^t securities r .. direct and guaranteed 12,026,120 706,987 3,693,719 778,821 981,716 6ol*,666 1*75,576 1,798,1*51 1*90,903 £92,633 1*57*1*35 1*06,095 1,139,068. Total bills and securities 709,852 3,907,387 781*, 063 982,71*6 606,277 1*75,71*6 1,793,505 l*9l*,1*13 292,317 1*57,515 £*06,629 1,11*1*, 093 12,060 , 51*3 L;ue from foreign banks 136 10 1/ 1*9 12 12 ; 6 1* 17 ■fc • ’ 3 1* 1* .11 K„k.notes of other banks 86,307 1,781 13,325 2,1*89 3,1*89 ll*,001 3,H5 .8,521 6,002 2,959 5,371 3,009 17,51*5 Uncollected items 1,61*5,859 131,556 31*0,71*0 92,756 182,501 121,513 95.391 21*3,633 71*.1*78 37,058 83,736 59.003 178,59I* Bank premises 35,172 1,666 9.121 3,533 ,. it,205- 2,932 1,650 ' 2,91*8 2,061* 1,230 .2,732 963. 2,023 Other assets 6b,338 bt 533 ll* ,998 1*,131* 7,600 11,173 3.1*31 •7,120 • 2,999 ■ 2,206 3,250 3,21*1 6}1*1|.8 TGTciL ASSETS 3!*,015,91*9 2070,622 9,527,990 2072,923 2,375,517:1879,9^9 16UÌ#U95 5,6^0,711 I336;i8l* 733,1*29 1352, 5221055,329.3,-779,71*7. l/ nfter deducting $37,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis