H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors 8 Friday morning, Dec. ; of the Federal Reserve System 9 4 not earlier, December 7, I IU. CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 6 member bank reserve balances decreased $577*000,000, Reductions in member bank reserves arose from decreases of $350,000,000 in Reserve Bank credit and $20,000,000 in gold stock and increases of $110,000,000 in money in circulation, $3',000,000 in Treasury cash and $8y,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by an increase of $2,000,000 in Treasury currency and a decrease of $3l*,000,000 in treasury deposits v,rith Federal Reserve Banks, Excess reserves of member banks on December 6 were estimated to be approximately $1,1*00,000,000* Holdings of loans, discounts and advances decreased $211,000,000 and of United States Government securities $¿[*2,000,000, The decrease in holdings of United States Government securities resulted from decreases of $1*37,000,000 in bills and $236,000,000 in certificates and an increase of $1*32,000,000 in notes. Changes in member bank reserve balances and related items during the week and the year ended December 6, l'9ui*, were as followsj Increase or decrease since Dec, 6, Nov. 29, Dec, 8, l9Ui* lghh 19U3 (In millions of dollars) U.S. Govt, securities(incl, guar, sec,) 13,311 - 21*2 + 7*295 Loans, discounts and advances 389 - 211 + 270 Other Reserve Bank credit U29 + 62 + 23 Total Reserve Bank credit 19,130 - 390 + 7,590 Gold stock 2o, 668 - 20 - 1,376 Treasury currency 1*, 122 + 2 + 2o Member bank reserve balances lil, 18i* - 577 + 1.615 lioney in circulation 25,107 + 110 + ¿1,972 Treasury cash 2,337 + 3 + 36 Treasury deposits with F* R. Banks 258 - 31* - 1*28 Nonmember deposits and other F,R,accounts 2,033 + 89 + 38 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

6 Fop F. R. .283c STaTELBNT OF CClUirivA- OF TEi FEDERAL JJS'JIfVE BANKS CM DECEtKER. , 1 ^ . fin thousands of dollars) I l i ß l L I I I E S Total Boston New York Phila. Cl-;ve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran» Federal Reserve notes 21*1+76,589 1358,531 U,763,U29 11+12,390 1*72,189 11+79,21+3 1259.981; 3925,568 916,739 1*72,610 783,631+ 51+2,638 268l+,63l+ Deposits: Member bank-reserve’ acct. ll+, 133,519 68l+,l+03 l+,l*3l+,753 710,1+1+2 1097,087 61+3,976 613,302 211+7,1+82- 525,379 321,686 665,75? 6oii*909 1631*361 U.S.Troasu.er-general acct. 258,081 16,050 66,601 ' 5,918 17,769 5,971+ l+,729 68,973- 10,1+99 13,1*18 17,-338 13,21+1+ 17,568 Foreign ’ 1*229,310 86*1+39 l/*73,l;39 108,792 105,21+5 1+7,301 37,81+1 11+6,633 36,658 26,016 3U,293 31+*293 92,310 Other 1+06, 51+5 it,068 “ 287,21+8 7,068 . 18,025 3,693 1+.961+ li, 898 H+,569 1*,867 3,760 5,917 1+7,1+68 Total deposits ' 16*077,1+55 790,960 5*312,091 832,220 i233,126 70 /,9l+l+ 660,836 2367,986 550,105 365,987 721,130 658*363 1838,707 Deferred availability items 1,31+9,21+7 107,555 21+7,720 79,01+9 151,455 107,308 75,581 199,076 63,589 31,225 8l+,993 53,553 11+8,11+3 Other liabilities including accrued dividends 11,183 1,001+ 2,919 81+5 1,320 ¿¿+0 568 1,315 378 326 1+50 1*17 1,001 TuTaL LIABILITIES 38,9lU,l*7i* .2258,050 1^326,159 2321+,50I 3263,Cf)0 2238,135 1996,969 61*93,91+5 1570,811 870,11+8 1595,207 125l+,971 1672,1+85 Capital paid in 161,030 10,011 58,670 12,217 16,325 6,1+1+8 5,792 19,231* 5,093 3,1*89 5*173 5,105 13,1*68 Surplus (Section 7) Î88,097 13,206 70,012 17,359 16,026 5,236 5,725 26*1+90 6,330 3,669 l*,5ÿ* 1,831 11*, 159 Surplus (St-ct^on 13b) 26,965 2,871+ 7,092 1*,1*21 1,007 3,290 71*9 1,429 530 1*000 1,137 1,307 2,129 wther capital accounts 10l+,3l*8 5,857 26,202 6,857 11,711 6,789 6,072 15,1*58 4,370 it, 6I+9 l*,99l* 1**293 7,096 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 39,-39k,911* 2289,998 10,1+88,135 2365,358 3308,159 2309,898 2015,307 6556,556 1587,131+ 882,955 1611,070 1270,507 1*709,337 C oimnitments ip make industrial loans - ¡+,587 - - - 2,881 50 5U5 — - - 55 - - 1,056 F.R. notes outstanding 22^ 17,601 139l+*6l8 1+,923,556 11+52,025' 1921,366 1507,721 1311,701+ 1+002,173 95l+,568 1+83,096 808*253 571,371 2736,650 Collateral for F.R.notes held by F.R.Agents: Gold certificates 11,220*000 595.000 2,1+70,000 600,000 872,000 615,000 620,000 2520,000 375,000 210,000 320,000 21+9,000 177l+,000 Eligible paper •'370,095 8,350 328,810 5,1+95 - - 2,500 - - - - 16,750 600 7,590 U.S.Govt, securities 10,951,732 810.000 2;300,000 850,000 1050,000 900,000 700,000 1500,000 621,732 275,000 500,000 31+5,000 1160,000 SilATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to yL vo 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 yo*ars 5 years Discounts and advances 383,208 361,663 6,292 853 11+*1+00 Industrial loans ' 6,298 5,508 616 25 2 1*9 11 56 31 U.S.Govt.- securities’ (incl. guar, sec.) 18 , 311 , 01 + 1 + 2 , 61 + 9 ,m i 1,611,535 i+, 375 ,029 3 , 902 , 2 62 1 , 691,321 1,826,61+0 509 , 1*50 838,602 856,791* A/ter deducting $7b-i086,000 participations of other Federul Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F* R* 253a Released.for publiqation Friday morning, December 8,19W4; .ttot earlier* STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BaMKS COMBINED (In thousands of dollars) Increase or decrease since Dec# 6, Nov. 29, Dec, 8, 191*1* ,19W+ 191*5 »•A S S . E T S Gold certificates’ on ¡hahd &nd due from* U# S#-Treasury 17,950,165 - 27,195 -1,765,850 Redemption fund - F# ;R# notes 572,682 + 5,1*75 + 595,865 Other cash 23!*, 81*3 - 6.728 , 58,281 Total reserves* 18,757,690 • - 30,i*l*8 -1,1*50-, 266 Discounts and advances 585,208' -209,887 + 275,515 Industrial logns 6,298 - ' i*9U i*,252 U. St Govt#. securities: Bills ’ ’ 11,665,757 -1*57,059 +5,051,1*00 Certificates* 5» 856,71*0 -2.56,250 +1,770,790 Notes 1,51*5,121 +1*51,750 + 851*, 221 Bonds 1,2145,1*26 - - - 51*1,521 Total U.ijl. Govt# securities (inc'l# guar# sec, ) 18,511,01*1* -21*1,559. +7,295,090 Total loans and securities 18,700,550 -1*51,920 +7,566,175 Due from foreign banks 156 - « • - F. R# notes of other banks 81*, 160 + l*,52il + 11*, 896 Uncollected items 1,778,191 * -111,901 * .158,525 ^ank premises 51*, 502' 25 5,985 Other assets .. 59,885 - 1,067 7,91*1 TOTaL ASSETS 59,59l*,9ll*. -590,857 +6,277,200 L I A B I L I T I E S Federal Reserve notes 21,1*76,589 +106,70.1* +1*, 91*8,81*5 Deposits: ; - Member bank-reserve; account 11*, 185,519.’ >577 ,'1*1*8 +1,6ll*,l*66 U.S*Treasurer-general ackount 258,081 - 31*, 1*06 - 1*27,657 Foreign 1,229,510 - 18,81*1 - 218,562 Other 1*06,51*5 +105,756 + 190,581 Total deposits 16,077,1*55* -5&*i 959 +1,158,81*8 Deferred availability items- 1,31*9,21*7 -175,659 + 115,257 Other liabilities including accrued ’dividends 11,185 1*78 + 1,083 TOT^L LIABILITIES ’ 58,911*, l*7l*‘ ■-592,572 +6,221;, 058 C A P I. T /, L A C C OUNT S Capital paid m 161,050 ♦ 161 + 10,181* Surplus (Section 7) * 188,097 - - + 27,086 Surplus (Secticpn ^ljb) 26,965 - „ + 156 Other capital accounts 10l*,5l*8 +' 1,37a + 15,156 TOIAL LIABILITIES AND CAPITAL ACCOUNTS 59,59l*>>ll* ' -5^0,857 +6,277,200 i Ratio of total reserves to deposit and F#R. note liabilities combined 1*9.9^° + '.5% 11*. 2% Commitments to make industrial loans U, 587 + ' Ij.90* l*,8l*8 *Nov# 29 figure revised. 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 DECEMBER 6, 1944 (In thousands of dollars) A S S E T S TotajL Boston New York ’Phila. Cleve* Rich. Atlanta Chicago St.Louis Minn* Kans.Cy. Dallas SanFran. Gold certificates on hand and , due from TJ. S. Treasury 17,-93Q#l65 925,876 4,593,069 951,042 1315,987 916,994 892,106 3620,009 642,744 357,090 635,185 500,942 2573,121 Re dempti on fund-F.R•note s 572,682 . 41,251 -123*318 43,301 52,579 47,662. 36,986 76,352 32,919 14,061. 25,897 17,379 60,977 Other cash 234,81+3 17,392 59,915 18,396 18,965 13,837; 18,074 27 ,263 12,985 4,817 12,951 8,450 21,298 Total reserves 18,737,690 985,019 4,776,302 1012,739.1387,531 978,493 947,166 3723,624 688,648 375,968. 674,033 532,771 2655,396 Discounts and advances 383,208 8,350 328,810 5,495 1,490 2,500 11,300 16,750 6OO 7,590- 303 20 Industrial loans 6,298 201 86 2,768 315 132 23 ---- ---- ---- 25 ---- 2,748 U. S. Govt, securities: Bills 11,665,757 865,230 2,693,283 839,804 1388,785 841,529 729,147 1216,996 471,045 348,822 578,226 492,788 1200,102 Certificates 3,856,740 167,944 1,335,897 221,811 196,007 195,353 125,314 754,664 183,980 62 ,953 142,619 95,822 374,376 Notes 1,545,121 67,284 535,199 88,865 78,526 78,263 50,206 302,338 73,707 25,221 57,137 38,390 149,985 Bonds, l ,243,426 54,146 430,698 71,513 63,193 62,982 40,403 243,305 59,315 20,297 45,981 30,894 120,699 Total U*. S.Govt-. securities (incl*,guar^ sec,} 18,311,044 1154,604 4,995,077 1221,993;1726,511 1178,127 945,070 2517,303 788,047 457,293. 823,963 657,894 1345,162 Total loai s and securities '18,700,550 1163,155 5,323,973 1230 ',256 1728,316 1180,759 945,053 2528,603’ 804,797 457,893' 83^,578 658,197 1347,930 Due from foreign banks 136 10 1/ 49 12 12 6 4 17 4 3 4 4 11 F. R0 notes of other banks 8ii#l60 2,586 15 ,224 2,577 ■ 3,951 6,075 7,573 10,647 7,922 2,665 5,602 4,123 15,215 Uncollected items 1,778,191 134,716 345^982 113,365 180,053 138,1(43 in »503 279,872 80,466 43,937 94,568 72,753 132,533 Bank premises 34,302 1,615 8,914 3,468- 4,111 2,859 1,614 2,885 2,052 1,254 2,667 909 1,954 Other as.sets 59,385 2,897 .17,691 3,441. 4,185 . 3,263 2,354 10,908. 3,?45 1,235. 2,618 1,750 6.298 TOTAL ASSETS #*394,914 2289,99$ 10 ¿88,1 ^ 2365.858 3308,159 2309,898 2015,307 6556,556 1587,1314. 082,955 1611,070 1270,307 ^709,337 l / After deducting $87,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis