H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR THE PKESS Released for publication Board of Governors Friday morning, Deo. 1.5; of the Federal Reserve System not earlier, December 14,1944 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 13, member bank reserve balances decreased $^2,000,000, Reductions in member bank reserves arose from increases of $56,000,000 in money in circulation, $11,000,000 in Treasury cash, and $214.5,000,000 in Treasury deposits with -Federal R:;serve Banks, offset in part by an increase of $101,000,000 in Reserve Bank credit and a decrease of $39,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member honks on December 13 were.estimated to be approximately $1,300,000,000» ? v * • Holdings of'loans-, discounts'and advances decreased $207,000,000 ’vhile holdings of United States Government securities increased $266,000,000, The increase in holdings of United States Go-^rnment securities resulted from an increase of $384,000,000 in certificates and $6,000,000 in notes and a d'/'craa-se of $121*,000,000 in bills. Changes in member bonk reserve balances and related items during the week and the year ended December 13, 1944, ’'/ore as follows 5 Increase or decrease since Dec. 13, Doc# 0, Dec. 15 19 44 1944 1943 (In millions of dollars) * * U,S,Govt, securities (incl, guar, sec,) 18,577 + 266 +7,563 Loans,.discounts and advances 182 - 207 + HI Other Reserve Bank credit 552 + 123 - 37 Total Reserve’ Bank credit 19,311 + 181 +7,607 Gold stock 20,667 - 1 -1,337 Treasury currency It, 123 1 + 26 Member bank reserve balances Hi, 092 92 +1, 160 Money'in circulation 25,163 56 +4,928 Treasury cash 2,348 + 11 •+ 55 Treasury deposits with ^«R,Banks 503 + ' 2l+5 + 124 Nonmember deposits and other *',R,accounts 1,994 - 39 + 29 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forln F. R. 283c STATEMENT OP CONDITION OF THE FEDERAL RESERVE BiiNKS ON DECEMBER -13, 1944 ' (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 SanFran* Federal Reserve notes 21, 542,416.1363,099 4*774*746 1419,663 1883,602 1488,441 1262,749 3933',318 ;921.803 473*353 787,553 542,166 2691,923 Deposits: iilember bank-reserve acct. lit, 092,484 666,174 4*413.»329 701>188 1064,219 635,087 613,54o 2114,901 527,631 320,526 675,011 624,285 1716,593 UJa.Treasurer-general acct. 502,711 32,535. 170,835 21,100 ■ 63,519 33,397 16,044 41,086 21,749 28*553 19,664 17,867 34,362 Foreign 1,164,589, 80,345 1/451,281 102,871 99*516 44,726 35,781 138,652 34*663• 24,600 32,427 32,427 87,300 Other 432,314 7,897 “ 310,633 5,066 13,1*94 3,750 4,683 8,591 15,072: l**64l 4,683 5,785 43,019 Total deposits 16,192,098 736,951 5*346', 078 830*225 1260,748 716,960 672,048 2303*230 599,115 •373,320 731,785“ 680,364 1886,274 Deferred availability items 1,565,380 130,505 305*549 87*162 151,367 120,189 91.835 230,097 71,931 34*984 94*630 60,907 186,224 Other liabilities including accrued dividends- 11,722 1*038 3,109 920 1,331 701 6o4 1*361 416 438 448 411 945 TOTAL LIABILITIES 39,311,616 2281*593 10429,482 233V,970 3297,048 2326,291 2027,236 6i*68,00.6 1593*265 887,095 1614,416 1283,848 4765,366 Capital paid in 161,159 10,025 58,678 12,224 16*325 6,461 5,823 19*254 5*120 3,490 5,186 5*105 13,468 Surplus (Section 7) 188,097 13,206 70,012 17,859 16,026 5,236 5,725 26,490 6,330 3,669 4,^54 4,831 14*159 Surplus (S.ection ljb) 26,965 2,874 7,092- 4,421 1,007 3,290 749 1,429 530 1,000 1*137 1,307 2,129 Other capital accounts 105,701 • 5,895' 26,665 6,920 ■ 11,784 6,854 6,113 15,794 4,419 4*664 5,065 4,320 7,208 total LIABILITIES AND CAPITAL ACCOUNTS 39*793,538 2313,593 10,591*929 2379,394 3342,190 2348,132 2o45,&6 6530,973 1609,664 899,918 1630,350 1299,411 4802,330 Commitments to make industrial’ loans 4,448 - - - - 2,742 50 545 55 1,056 F.R.notes outstanding 22¿244,825 1399*345 4,960,744 1459,162 1935,450 1519,060 1320/535 4.021,293 960*095 484*768- 810,672 575,497 2798,204 Collateral for Fi.R.notes held by F«R*Agents: Gold certificates 11,304,000 3?5»ooo 2,520,000 610,000 886,000 615,000 630,000 2520,000 375,000 210,000 320,000 249.000 1774,000 Eligible' paper •169,580 5,800 -131,770 3,090 •' - - 550 22,200 550 5.620 Ui-SiGovti securities 11,133,092 810,000 2,400,000 .850,000 1050,000 925,000 700,000 1550,000 628,092 -275,000 500,000 345.000 1100,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 61 to 91 days to 6 months L to 2 2? to 5 Over Total 15 days 30 days 60 days 90 days . 6 months ta 1. year ■years years 5 ye^rs Discounts and advances 175,673 ..155.968 2,552 853 16,300 Industrial loans 6,407 6,205 50 3 2 49 11 56 31 U ¿.S. Govt, s e curi tie s (incl. guar; sec*) 18,577,172 2 , 530,910 1 , 752,905 4,362,723 3,840,327 ;i,948,32i 1*887*140 „509*450 888,602 856,794 711 149 l / After deducting$ , ,000 participations of,other F^dçral Reservé Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fonn Ff R* 2Q3& Released for publication Friday morning, .December 15,19^5 n0'k earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL- RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Dec, 13, Dec. 6, Dec, 15, 19UU I9bh 19li3 a s s e t 's ' Gold certificates on hand and due from U. S. Treasury 17,919.165 - 11,000 -1,721+, 100 Redemption fund - F, R. notes 580,960 + 8,278 + 587,020 Other cash 233,11*1 - 1,702 - 66,557 Total rtserves 18,753,266 - ¿+,1+21+ -1,1+05,1+17 Discounts and advances 175,675 -207,535 + 85,51*6 Industrial loans 6,1+07 + 109 14,151 U. S, Govt, securitiesj Bills 11,5m,885 -125,872 +[+,980,515 Certificates 1+,21+1,21+0 +58U,5oo +2,0514,990 Notes 1,550,621 + 5,500 + 875,721 Bonds 1,21*3,1*26 - - 515,5k3 Total U, S. Govt, securities • - • ; finoj, guar, sec.)' 18,577,172 +266,128 +7,565,li85 Total loans and soourities 18,759,252 + 58,702 +7,61+1+, 378 Due from foreign banks' 136 - - - - F. R, notes of other banks 87,750 + 3,590 + 15,121 Uncollected items 2,116,818 +558,627 - 86,805 Bank premises 514,505 + . 1 5,985 Other assets 62,015 + ¿,128 + 5,927 ... „.... —■ TOTaL ASSETS 59,795,558 +398,621+ +6,171,721 L I A B I L I T I E S Federal Reserve notes 21,51+2,1416 ’+ 65,827 +l+,906,286 Deposits* Member bank-reserve account ll+, 092,1+81+ - 91,035 +1,160,1+02 U.S.Treasurer-general account 502,711 +2l+l+,630 + 125,250 Foreign l,l61+,589 .-.61+,721 - 277,161 Other 1452,5114 + 25,769 + 252,1+01 Total deposits 16,192,098 +lll+,6l+5 +1,258,872 Deferred availability items 1,565,580 +216,133 - U9,025' Other liabilities including accrued dividends 11,722 + 559 + 2,1+51 TOTAL LIABILITIES 59,5H,6lg +597,11+2 +6,118,50+ C A P I T A L A C . COUNTS Capital paid in 161,159 + 129 + 9,587 Surplus (Section 7) 188,097 - - + 27,686 Surplus (Section 13b) 26,965 - - + 156 Other capital accounts 105,701 + 1,553 + 15,9U8 TOT.nL LIABILITIES AND CAPITAL ACCOUNTS 59,795,558 +398,621+ +6,171,721 Ratio of total reserves to deposit and F.R. note liabilities combined h9.{$ - ,3% - ll+.2fo Commitments to make industrial loans 1+, I4I48 139 5,117 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

283 13 Form. F. R. b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER , 191U+ (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve* Rich. stianta Chicago St.Louis Minn. Kans +Cy . Dallas SanFran. Gold certificates on hand and due from U. S* Treasury 17,919,165 387,596 i+,726,637 91+6,1+62 1317,390 921+^52 918,1+86 3Ì4Ì+l+,ól5 632,205 362,585 61+1,838 519,286 2597,613 Redemption fund-F*R.notes 580,960 1+1,133 127,509 l+3,li+3 52,952 1+8,891+ 36,791 79,197 32,873 ll* ,ol+8 25,853 17,81+0 60,727 Other cash 233,11+1 16 ¿31 59,961 17,831+' 19,1+53 12 ¿23 15,591 27,201 13,009 l+,673 12 ,809 8,779 21+ ,977 Tot~l reserves 18,733,266 91+5,160 li,9ll;,107 1007,1+39 1389,795 935,769 970,-868 3551,013 678,087 381,306 680,500 51+5,905 2683,317 Discounts and advances 175,673 5,800 131,770 3,21+0 1,3i+o 550 ----— ¡4,300 22,200 550 5,620 303 -— Industrial loans 6,1+07 201 86 2,877 315 132 23 ---- ---- ---- 25 — 2,71+8 U. S. Govt* securities: Bills 11,51+1,885 887,990 2,662,996 822,827 13Î|1+,310 833,027 705,269 1202,61*1 1+69,819 31^+,751 551+^19 1+83,36!+ 1170,072 Certificates l+,2i+l,2l+0 .191,933 1 ,1*1*1+ ,1+87 21*8,335 228,113 217,51+5 11+2,177 812,1*21 202,055 72,31+9 159,657 109,611 1+12,057 Notes 1,550,621 70,172 528,111+ 90,975 83,399 79,536 51,980 297,026 73,373 26,1*52 53,371 1+0,071+ 150,61+9 Bonds 1,21+3,1+26 56,270 1+23,1+88 72,952 66,876 63,779 1+1,682 238,132 59,233 21,212 l46,8o8 32,135 120,8oi+ Total U, S. Goyt. securities (incl. gur.r. ssc.) ÏB7577,172 1206,365 5,059,085 1235,589 1722,698 1193,887 9l+l,108 2610,270 Soil.,985 1+61+,761+ 319,655 665,18!+ 1853,582 - Total loans and securities 18*7^9.2^2 1212.366 5,190,91+1 121+1,706 172!+,353.1194,569 9I+1,131 26li+,570 827,185 1+65,31!+ 825,300 665,1+87 1856,330 Due from foreign banks 136 10 1/ 1+9 12 12 6 1+ 17 1+ 3 1+ 1+ 11 F. S. notes of other banks 87,750 2,355 15,311+ 3,011 Iî.,636 6,1+61 9,210 ll ,936 7,77l+ 2,731+ 5,232 3 ,822 15,265 Uncollected items 2,llo,8l8 11+8,91+0 ltl+3,997 120 ,134 2l!+,855 155,31+0 120,355 339J+1I+ 91,216 1+8,015 ni+,051 81 ¿68 239,033 Bank premises 3l+»303 1,615 8,911+ 3 ¿63 1+,111 2,859 1,615 2,885 2,052 1,251+ 2,667* 9'09 1,951+ Other assets 62,013 3 »11+7 18,607 3,621* 1+^28 3,128 . 2,1+63 11.138 3,31+6 . ; 1,292 2 »60I+ 1,816 6,1+20 TOTAL ASSETS 39,793,538 2313,593 10,591,929 2379,391+ 331 + 2,190 23 U 8,132 201*5,61+6 6530,973 1609 , 661 + 899,918 1630,358 1 3 9,1+11 1 + 802,330 l / After deducting $ 87,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis