H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F* R, 2§3 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Dec. 22; of the Federal Reserve System not earlier December 21, 19kU CONDITION OF THE FEDERAL RESERVE BA1TKS During the, week ended December 20 member bank reserve balances 8efcreased $13i4,000,000# Reductions in member bank reserves arose from increases of $7^7,000,000 in Treasury deposits with Federal Reserve Banks, 3117,000,000 in money in circulation, $11,000,000 in Treasury cash, and ^35,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $31*000,000 in gold stock, offset in part by increases of $302,000,000 in Reserve Bank credit and gUjOOOjOOO in Treasury currency. Excess reserves ~>f member banks on December 20 were estimated to be approximately SI ,300#Q00,000# Holdings of loans, discounts and advances increased $[{.2,000,000 and of United States Government securities $1^2,000f000f The increase in holdings of United States Government securities resulted from increases of $269,000,000 in certificates, $157,000,000 in bills and $7,000,000 in notes# Changes in member bank reserve balances and related items during the week and the year ended December 20, 19^t, were as follows: Increase or decrease since U. S. Govt, securities(incl. guar, sec.) Loans discounts, and advances Other Reserve Bank credit* Total Reserve Bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Trjasury deposits with F. R, Banks Nonmember deposits and other F. R. accounts 0 0 « or O Doc• 13 $ • Dec. 22, 19M4 19Uh 1943 (in millions of dollars) 19,009 + 432 +7,458 224 + 42 + Ut4 880 ; + 328 + 53 20,113 + 802 +7,654 20,636 - 31 -1,368 4,127 + 4 + 30 13,958 - 134 +1,281 25,280 + 117 +4,898 2,359 + ' 11 + 34 1,250 + 7ii7 + 283 2,029 + 35 - 179 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 DECEMBER .20, I9I4.I4. (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 41 Kans.Cy.. Dallas SanPran* , Federal Reserye notes 21,67^,686 1367,965 h,820,718 li+31,0^7 1902,702 11+97,211 1269,030 3959,860 929 613474,805 787,658 541,969 2,692,130 Deposits: ¡¿ember bank-reserve acct. 13,958,444 642*,830 1+,l+ll,239 710,1+65 1058,611 616,272 625,128 2126,51+5 510,703 320,251 659,221 612,019 1665, no U.S.Treasurer-general acct. 1^50,415 77,985 "271+,720 120,094 183,529 101,165 30,o2o 258,763 1+6,123 42,056 40,283 29,695 40,984 Foreign 1,200,287 '82,186 1/1+66,823 105,848- 102,396 1*6,021 36,317 11+2,665 35,666 .25,311 35,565 55,565 89,821+ Other 1+21,166 6,867 30l+,932 6,512 12,296 2,531 3,1+33 9,921 15,003 l+,558 4,457 4,269 46,387 Total deposits 16,830,312 809,868 5,457,764 9^ , 919' 1361,832 765,989 ¿95,398 2537,89!; 607,1+9 5 392,176 737,526 679,51+6 181+2,505 Deferred availability items 1,713,.723 11+6,895 555,548 102,606 189,292 125,915 103,657 256,165 79,018 32,333 90,146 69,111+ 185,029 Other liabilities including accrued dividends 11,61+6 1,062 3,032- 873 1,312 605 565 1,533 379 549 448 1+i+l 1,01+2 TOTaL LIABILITIES 40,230,567 2525,790 1 0,615,062 21+77,1+50 5455,158 2339,720 2068,650 6755,452 1616,505 899,660 1615,558 1290,870 4720,506 Capital paid in 161,644 10,028 58,739 12,224 16,356 6,430 5,854 19,526 5,124 5,493 5,190 5,165 13,500 Surplus (Section 7) 188,097 13,206 70,012 17,859 16,026 5,256 5,725 26,1+90 6,550 5,669 4,554 4,831 14,159 • Surplus (Section-13b) 26,965 2,874 7,092 4,421 1,007 5,290 749 1,429 550 1,000 1,157 1,307 2,129 Other capital accounts 106.684 .. 5,311. -27.118 11.968 6,954 6,174 15,856 4,441 4,678 • 5,013 4,549 ___7,520 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 40,713,757 2357,835 10,778,023 2513,945 3500,575 21+11,660 2037,152 6818,755 1652,930 912,511 1651,457 1506,522 4757,614 C oxnmitmen ts to make industrial locus 4,630 • - - - , 2,361 50 545 - - - 55 1,119 F.R. notes outstanding 22,391,764 1406,428 4,97 3,408 .1466,708 1951,518 1555,2741556,957 4056,895 971,019 485,960 811,922 579,005 2816,870 Collateral for F*£.notes * held by F.R.Agentsj Gold certificates 11,048,000 610,000 2,520,000 618,000 802,000 615,000 630,000 2^ 0,000 375,000 195,000 320,000 CM 1 0 O O 1674,000 Eligible paper 194,065 8,460 155,850 7,605 - - 2,985 - - 18,500 50 615 - - - - U.S.Govt, securities 11,498,292 810,000 2,1+00,000 ■850,000 1150,000 925,000 725,000 1650,000 643,^92 300,000 500,000 345,000 1200,000 ' KaT'URITY DISTRIBUTION OF LOANS AND SECURITIES vVithin 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 years years 5 years Discounts and advances 217,458 204,605 i,-oio 628 11,215 — - - _ - - - - Industrial loans 6,224 6,050 22 3 3 48 11 56 31 - - U^S.Govt. securities * (incl* guar. sec.). 19,009,006 2,335,649 1,941,007 4,543,970 4,014,714 1,942,750 1,927,940 760,450 619,802 917,724 l/A fter deducting $751,751,000 participations of'other Federal Reserve Bunks* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F, R, 283a Released for publication Friday morning, December 22,1944; not earlier STATEMENT OF 0ONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Dec. 20, Dec. 1$, Dec. 22, . 1944 1944 ' 1943 & S S 1, T S Gold certificates on hand and due from U. S, Treasury 17,859,365 - 29,800 -1,738,895 Redemption fund - F, h. notes 587,726 + 6,766 + 330,708 Other cash •225,-955 7,186 - 65,471 Total reserves 18,703,046 - 30,220 -1,423,653 Discounts and advance's 217,458 + 41,785 + 147,413 Industrial loans • ' 6,22k 183 4,169 U. S, Govt, securities5 Bills ' ! 11,:698,219 •+156,331 +4,711,002 Certificates 4,510,140 +268,900 +2,237,290 Notes 1,557,221 + 6,600 + 330,321 Bonds 1,243,426 - - 1 ■ - 370,998 Total U. S. Govt, .securiti.es (incl, guar^ s.ec,) 19,009,006 +431,834 +7,457,615 Total loans and securities 19,232,6% +473,436 +7,600,859 Due from foreign banks 136 - - - - F. R. notes of other banks 96,335 "+ 3,585 + 20,071 Uncollected items 2,993,611 +476,793 + 144,390 Bank premises ’34,278 25 4,075 Other assets 53,663 - 8,350 3,923 TOTAL ASSETS 40,713,757 +920,219 +6,333,664 L I A B I L I T I E S Federal Reserve notes 21,-674,686 ■+132,270 +4,365,958 Deposits; Member bank-reserve account 13,958,444 -134,040. +1,231,337 U.S.Treasurer-general account 1,250,415 +747,704 + 283,027 Foreign 1,200,287 + 35,698 - 286,102 Other 421, i 66 - 11,148 + 43,390 Total deposits 16,830,312 +638,214 +1,321,652 Deferred availability items 1,713,723 +148,343 + 91,104 Other liabilities including accrued dividends 11,646 76 + 2,111 TOTAL LIABILITIES 40,230,367 +918,751 .+6,280,825 C A P I T A L A C C O UNT S Capital paid in • • 161,644 + 485 + 8,457 Surplus (Section 7) > 138,097 - - + 27,636 Surplus (Section 13b). 26,965 - - + 136 Other capital accounts I06,684 + 983 + 16,560 TOTAL LIABILITIES AND CAPITaL ACCOUNTS; 40,713,757 .+920,219 +6,333,664 Ratio of total reserves to deposit and F. R. note liabilities combined 43.6% - 1. Of* - 13.7# Commitments to make industrial loans 4,630 + 132 4,964 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 20, 19^4- (In thousands of dollars) A S S E T S Total Boston Few York Phila, Clera Rich# Atlanta Chicago St.Louis Minn._Kans *Cy. Dallas SanFran. Gold certificates on hand and due from U. S. Treasury 17,889,365 915,290 4,724,857 1001,920 1385,215 943,760 901,204 3476,562 646,185 367,325 64l,4n 513,058 2372,558 Redemption fund-F*R#*iotes $87,726 I4.1 ,05b 127,191 43,012 57,349 48,259 36,687 83,078 32,840 14,835 25,825 17,796 59,300 Other cash 225,955 16,269 55,627 16,451 17,008 13,476 17,909 27,360 12,281 4,937 13,236 8,711 22,690 Total reserves 18,703,046 972,613 4,907,675 1061,383 1460,072 1005,1;95 955,800 3587,020 691,306 387,097 680,472 539,565 2454,548 Discounts and advances 217,458 8,460 155,850 7,605 7,890 2,985 — 15,100 18,500 50 615 303 100 Industrial loans '6,224 201 86 2,758 315 132 22 -------— ----------- 25 — 2,605 U# S* Govt* securities: v Bills 11,698,219 8!44,254 2,6i}0,497 84!; ,599 1505 ,473 814,519 717,563 1435,327 453,658 341,472 533,681 468,870 1298,306 Certificates 4,510,140 209,049 1,519,279 267,963 251,153 233,195 154,172 851,995 214,686 79,067 171,705 119,451 438,425 Notes 1,557,221 72,179 524,564 92,519 86,717 80,514 53,232 294,170 74,124 27,300 59,285 41,243 151,374 Bonds 1,243,426 57,634 418,859 73,876 69,243 64,290 42,505 234,892 59,187 21,799 '47,338 32,932 120,871 Total U. S. Govt, securities (incl, guar, sec.) 19,009,006 1183,116 5,103,199 1278,957 1712,586 1192,513 967,472 2816,384 801,655 469,638 812,009 662¿96 2008,976 Total loans and 19,232,688 1191,777 5,259,135 1289,-320 1720,791 1195,635 967,494 2831,484 820,155 469,688 812,649 662,799 2011,761 securities Due from foreign banks 136 10 1/ 49 12 12 6 4 17 4 3 4 4 11 F* R. notes of other banks 96,335 3*298 17 ,277 3,172 4,637 7,617 8,099 12,509 7,504 3,023 5,788 4,234 19,177 Uncollected items 2,593,611 135,703 569,716 158,543 306,594 197 ,.339 151,852 375,482 108,932 50,037 127,534 97,219 264,560 Bank premises 34,278 1,615 8,914 3,468 4,101 2,852 1,614 2,885 2,051 1,254 2,667 909 1,948 Other assets 53,663 2,819 15,257' 3,047 4,168 2,716 2.,269 ■ 9,356 2,928 1,409 2,293 1,792 5,609 TOTAL ASSETS 40,713,757 2357,835 10,778.023 2518,945 3500,375 2411,660 2037,132 6818,753 1632,930 912,511 1631 À57 1306,522 4757,6l4 l / After deducting $87,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis