H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F* R. 283 ST^Twl-EKT FOR THE PRESS Released for publication Board of Governors Friday morning, Feb. i*j of the Federal Reserve System not earlier. February 3» I9kh CONDITION OF THE FEDERAL RESERVE BANKS During the week ended- February 2 member bank reserve balances decreased $155» 300 i'000i Rfeductloris in- member bank reserves arose from'decreases of $253*000,000 in Reserve 3ank credit and $13,000,000 in gold stock and an increase of $11*7*030,000 in'mohejf in ’cilrcUlatioiij offset in part by decreases of $9,000,000 in Treasury cash and $176,000,000 in Treasury deposits with Federal Reserve Banks and $76,000,000 in nonmcmber deposits and other Federal Reserve . accounts. Excess reserves of member banks on February 2 were estimated to be approximately $1, 5^0,000,000, .an. increase Qf $520,000,000. f.or. the week. There was a decrease of $21*5,000', 000 in holdings of United States Goveinment securities. .-Bills decreased $1*21,000,000 and certificates $127,000,000, while notes increased $266,000,000 and bonds $37*-000,000. ‘ Changes in member bank reserve balances and related items during the week and the year ended February 2, 191|[|, vie re as follows« Incrüase or decreaué since Feb, 2* Jan. 26, Feb. 3, 19 hh 19¿*1* I9k3 (In millions of dollars) Bills discounted 21*- + 15 U* S, Government direct obligations h »:<395 - 21*7 + 6,269 U. S. Govern ent guaranteed obligations ■ 83 + é2 + 37 Industrial advances, (not including 10 million I commitments - February 2) ' 10 -- - k Other Reserve Bank crodit 317 • 7 + 1*8 p •• • * • < • Total Reserve Bank credit ' 12,132 • 253 + 6,366 Gold stock 21,910 - - 18 ■ - '• 753 'Treasury currency k»093 + 21*7 I. ember bank reservé balances 12,31*7 155 « 9.5 ' - Loney in circulation 20,53k + 1U7 + ¿*,868 Treasury cash 2,322 - 9. + 122 Treasury deposits . with K* ¡Junks . .175. r 176 . + • 12’6 Nonmembwr deposits and other fYK.accounts. : 2,253 - 76 + 81*0 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form 4* R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 2, I9UU (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. R. notes .in actual cir­ culation 17,039,801; 1152,595 3»767,21*3 1155,163 1,513,609 11I4.2,61+1+ 969.,897."3,200,522 731,216 387,613 625,61+7 1*17,509 1,976,1U Depositss Member bank-reserve acct. 12,81*6,329 680,873 l;.171,3l+2 61+0,1+05 l,03ß,l;33 530,590 535,272, l.,g56;09l; ljl+9,938 286,511+ 582,105 530,185 1,1+1+1;, 523 U.S.Treasurer-general acct. 17l+,6i+l 5,080 63,619 k,753 5,595 12,686 1,190 . f '16,972 11;,038 12,71+7 17,301 9,370 11,21+0 foreign 1,558*0+82 • 10l+,399 .1/625,378 13i+,Ó92 130,299 58,562 1+6,81+9 181,51+1 1+5,585 32,-209 1+2,1+57 1+2,1+57 lll+,25l+ Other 357,393 l+,o62 22k, 1+1+2 ll+,35l 10,251 6,21+0 8,232 8,826 16,062 18,215 2,712 lw05 38,595 Total deposits ll+,937,31+5 79k,kl9 5.035,28L 79U,701 1,181+, 573 608,078 591,5U3 2,163,1+33 525,523 31+9,685 6l+l+,575 586,917 1,608,612 Deferred availability items 1,1+00,510 127,095 275,577 •32,030 156,303 105,693 78,11+7 202,510 61+, 700 28,057 79,51+5 1+1+,106 156,71+2 Other liabilities including accrued dividends ...7,261+ 5k? .. 1,317 503 521 260 196 998 191 159 1,999 11+8 I+23 TOTaL LIABILITIES 33,331+,923.207I+,.658 9,129,1+23 2032,397 2,855,016 1856,675 1639 /733 5,567,1+631321,630 765,51k 1351,766 10l;3,63 0 3,71+1,918 Capital paid in 155,793 9,363 ■ 57,580 11,766 15.81+9 6,251+ 5,1+95 18,063 It,762 3,337 5,068 i+,713 12,993 Surplus (Section 7) 183;, 097 13,206 70,012 17,359 16,026 5,236 5,725 26,1+90 6,330 3*669 l+,55l+ i+,331 11+.159 Surplus (Section 13b) 26,968- 2,371+ 7,092 k,k21 1,007 3,290 7I+9 1,1+29 530 1,003 1,137 1,307 2,129 Other capital accounts • ' 62,951' - '3,082 • 13,71+0 . 3,793 7*8 Hi l+,620 k,lk3 10,215 2,672 3,51+0 3,21+2 2,300 3,271+ " TOTAL LIABILITIES AND CAPITAL ACCOUNTS 33,818^732 2103,683 9*277,855 2070,236 2,895,712 1976,075 1655,395 5,623,6601335,921+ 777,113 1365,767 1062,339 3.771+, 1+73 Commitments to make industrial ■ . advances 10,281 700 9 2,226 100 670 — -- 316 3,000 680 2,530 F. R. notes outstanding 17,661,793 1199,565 3,399,233.1189,627 1,558.361+ 1180,957 1010-, 301 3,261+,309 7.61+ ,671 396,-563 61+7,283 1+1+7,51+6 2,091,371+ Collateral for F.R*notes • held by F.R.Agents* Gold certificates 12,831,000 761,000 3,115,000 715,000 1,160,000 775,000 750,000 2,530,000 1+00,000 230,000 1+10,000 336,000 1,61+9,000 Eligible paper 19,907 l+,955 12,027 1,535 — 1,330 -- — 10 —p — --- — U.S.Govft securities 5,109,309 1+50,000 800,000 l;75*O00 1+00,000 1+50,000 300,000 790,000 39I+.309 175,000 250,000 125,000 500,000 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 61- 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 years Bills discounted 23,927 11+,21+5 l+,625 2,680 377 2,000 Industrial advances' 9.939 8,126 912 26 185 I32 373 IO6 7k U. S. Government securities, direct and guaranteed 11,700,601 1,3.01+,912 1,21+0,067 • 3,115,037 i 2,360,997 ' 531,61+0 l>009,.850 1+83,100 1+97,1+21 1,231,777 l/After deducting $931,130,000 participations of other Federal Res.rve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Sown F. K. 2 S3 a Released for publication Friday morning, February^,-: 19l+t+. hot earlier* STATEMENT OF CONDITION . 0/ THE .TWELVE FEDERAL’RESERVE BANKS• COMBINED (In thousands.of dollars) Increase or decrease since -Feb, 2-, Jan. »26, . Feb. 3,r • 19UU' I9W1 19U3 A S S E T S Gold certificates on hand and due from U, S. Treasury 19.1+80,575 - 18,000 •- 983,205 Redemption fund Ji, notes „265,111+ + 6,26l + 229,937 Other cash 357.171 ' - 8,91+5 - ' 39.7% Total reserves 20,102,860 - 20,681+ - 793,027 Bills discounted? Secured by U, S. Gov’ t obligations, . dircct and guaranteed * 25,927 ,380 ' + . 19.11+7 Other bills discounted -- - ' 1+.033 Total bills discounted 23.927 380 + 15,111+ Industrial advances 9.939 177 i+,016 U. S. Governmo'nt'securities, * • direct and/guaranteed: Bonds l,67li,l98 + 36,933 - 932,586 Notes 9W+,ooo +266,100 - 336,3lli Certificates 2,,5U9, 0U0 -127,650 +1,689,375 •enis 6,613.363 -1+2o;902 *+5,885,359 Total U.S, Government securities, direct and guaranteed 11,730,601 -21+5,519 +6,305»83l+ Total bills and "sa’curities U,81b,h$7 -21+6,076 • .+6,316,932 Duo from foreign banks 136 + -89 F. R, notes• of oth-r banks 8l+, 6l6 - 1,691 + 35,781 Uncollected.items 1.717.819 + 71.960 + 351+.377 Bank promises * * • -35,H2 - • 60 . -1+,QS7 Other assets 63,722 666 , - . 26,91.7 TOTAL ASSETS 33,618,732 -197,217 +5,883,11+8 L I u B I L U . I i 8 * % • J F. R. notes in actual circulation 17.039.801; +132*,765 ’ '4.737,575 Deposits* Member banjc-reserve account 12,81+6,829 -155,287 9i+» 868 U.S.Treasurer-general account • ¿7U.6U1 -176,611 .. . + .125,758 Foreign 1.558.1+82 + 27,701+ + 761+,935 Other 357.393 -105,5U3 U. 579 Total deposits 1U.937,31+5 -1+09,737. + ,791.21+6 Deferred availability items 1,1+Q0,’510 ; + 78,571+'.. + ’ 305,679 Other liabilities including accrued dividends 7,261+ + 2i+it + 3,800 TOTAL LLiBlLITI * ES ■ ' i 33,381+,9.23 -198, * 1 51+ N +5 # , • 838,300 C A ? I T A ’ L •' Ai C C 0 U N‘ T S ! Capital pai’d in ' 155,793 + 109 + : 9,072 Surplus (Section 7) 188,097 + 27,686 Surplus (Section ,13b) ■ 26,968 mm ^ + ' .139 Other capital accounts ! • 62,-951 + CO C\J CO ■ +.*■' ?*95l TOTaL LIABILITIES xJiD CAPITAL'ACCOUNTS 33,818-, 732 -197,217. +5,883,11+8 Ratio of total ’reserves' to deposit and F. R, note liabilities combined 62.9% - 16* 1% + Commitments to ’make' industrial advances • 10*, 281 + 829- ■ 33 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 OK FEBRUARY 2, 19^ (In thousands of dollars) A S S E T S Total •Boston New York Phila. Cleve. Rich. Atlanta Chicago St«Louis1 Minn. Kans.Cy* Dallas San Fran. • Gold certificates on handi and . due from U.S. Treasury 19,1*80,575 1167*951 5,101,21*1 1152,905 1,655.216 1089,586 1011,1*51 3.516.500 711*671* 1*16,1*65 769,580 552,691*. 2,555.851* Redemption fund - F.R.notes 265,11li 23,091* 1*1,217 21*, 1*71* 20,500 25,952 13,51*7 53,211 19,561* 8,535 12,182 9,702 25,506 Other cash 357,171 5I*, 81*8 89,572 26,357 28,038 .21,209 22,255 1*1*, 505 15,061 8/390 12,822 11,551 1*2,715 Tbtal reserves 20,102,360 1225,873 5,232,050 1185,651* 1,705.75b U5l*,527 1052,033 5,599.29** 71*6,299 1*55,1*50 79U.53U 573,727:2,1*23,375 Bills discounted* Secured by U.S.Gov*t obligations, direct and guaranteed 23,927 li,955 12,027 1,535 1*20 1,580 50 2,050 10 4» tm - - 1,000 500 Other bills discounted — — — — — — - - — <■» — Total bills discounted 23,927 li,955 12,027 1,535 li20 1,530 50 2,050 10 - - — 1,000 5OO Industrial advances 9,959 587 125 3,986 381 251 115 1* — 18U 50 12 1*,1*83 Ui S* Government securities, direct and guaranteed* 1 * Bonds 1,671*, 193 128,21*5 571,818! 130,599 •185*792 1-12,081* 95,567 179.851* 82,205 53,051* 87,506 78,538 175,556 Kotes 9l*l*,ooo 72*311 209,650 73,659 103,631 65,199 52,61*5 101,1*11 1*6,351. £9*915 1*9,228 • l*li,‘28i* 97.756 Certificates 2,51*9,01*0 195.260 566,110 190,81*1* -279,338 170,652 ll*2', 155 273.833 125,157 .80,775 152,952 119*578 263,916 Bills 6,613,363 31*0,729 2,1*91*, 121* 561*,751 1*21,325 252,655 202,338 1,191*,926 232,1*59 135,561* 202,656 179*203 5?2,655 Total U.S.Gov* t securities* direct and guaranteed 11,780,601 736,51*5 3,61*1,702 767,855 988,576 598,588 1*90,505 1,750,021* 1*86,172 299,308 1*72*102 1*21,603 1,127,61*3 * ? Total bills and s ; \ ' . ' * securities 11,811*,1*67 71*1,887 3,655,852 775,351* •989,371 600,,199 1*90,668 1,752,073 1*86,182 299,1*92 1*72,152 Ii22,6l5- 1.132,651 Due from foreign banks 136 10 1/ 1*9 12 12 6 1* 17 1* 3 1* 1* 11 *’.k.notes of other banks 03*, 616 1,1*12 T3»925 2,389 3,21)9 15,278 8,539 9,221* 5,665 . 5,1*95 ■ 5,61*1 5,565 16,233 Uncollected items 1,717,319 128,521 551*,530. 102, B05 187,723 121,052 99,571 252,939 92,665 57.S02 89,573 58,521' - 195*512 Bank premises 35,112 1,661 9,101 3,583 l*,20l* •2,929 1,650 ’ 2,91*1 2,062 1,278 2,726 956: 2,016 Other assets 63,722 U.519 li*,568 l*,!*5l* 7*395 l*,08l* 3,1*50 7,167 3^ 9 . 2,?15. 3.502 . 3*151 6/590 : TOTAL assets 33,818,752 2103^685 9*277,855 2070,236 2,895.7.12,1876,075 1655,895 5,623,6601555,921* 777,113 1365,767 1062,339 5,771*,1*75 l/ After deducting $87,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis