H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors 29 Friday morning, Dec. ; of the Federal Reserve System 1944 not earlier. December 28, CONDITION OF THE FEDERAL RESERVE BANKS -During the week ended December 27 member bank reserve balances increased $11,000,000. Additions to member bank reserves arose from an increase of' $4,000,000 in Treasury currency, and decreases of $349*000,000 in Treasury deposits with Federal Reserve Banks and $19,000,000 in nonmember deposits and other Fsderal Reserve accounts, offset in part by decreases of $292,000,000 in Reserve Bank crcdit and $7,000,000 in gold stock and increases of $55,000,000 in money in circulation and $8,000,000 in Treasury cash. Excess reserves of member ban'cs on December 27 were estimated to be approximately $1,400,000,000. Holdings of loans, discounts an,d advances decreased $65,000,000 while holdings of United States Government securities increased $55,000,000. The in­ crease in holdings of United States Government securities resulted from increases of $222,000,000 in certificates, and $11,000,000 in notes, and a decrease of $178,000,000 in bills. Changes in member oank reserve balances and related items during the week and the year ended December 27, 1944, were as follows: Increase or decrease since Dec, 27, Dec. 20, Dec. 29, 1944 1944 1943 (In millions of dollars) U* S# Govt* securities(inclf guar, sec.) 19,064 + 55 + 7,449 Loans, discounts and advances 159 - 65 + ¿4.8 Other Reserve Lank credit 598 - 282 106 Total Reserve Bank credit 19,821 292 ♦ 7,391 Gold stock 20, 639 « 7* - 1,365 Treasury currency ks 131 + 4 + 35 llember bank reserve balances 13,9^9 + 1 1 + 1,200 fconey in circulation 25,335 + 55 + 4,907 Treasury cash 2,377 + 3* + 61 Treasury deposits with F.R. Banks 901 - 34? + 137 Nonmember deposits and’other F.R.accounts 2,010 I9 - 21+3 ♦Dec. 20 figures revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R* 283c SÎ^TEIIENT OF CONDITION OF THE 'FEDERAL RESERVE BANKS *,2: DECEMBER 27, 19^ (In thousands of dollars) L I A B I L I T I E S Total Boston l.eVi York Phila. Cleve». Rich. Atlanta Chicago St,Louis krinn. Kans.Gy. Dallas SanFran. Federal Reserve notes 21,>725,351 1372,393 4,842,753 1433',477 1903,023 1492,590 1270,065 3J75,39'0 . 929,076 475,049 738,937 541,433 2700,655 Deposits: ...ember bank-reserve acct. 13,968,623 655.523 4,407,676 687,853 1070,671 626,447 609,473 2087,224 527,285 321,385 653,739 619,532 1696,265 U.S.Treasurer-general acct. 900,698 79,537 233,898 98,623 111,537 59,611 23,600 73,511 39,126 45,321 26,912 33,736 r-> r7Q/' Foreign l, 210,364 ‘-83*3014. 1/ 469,9214. 106,719 103,239 46,399 37,-120 143,833 35,96c 25,520 3% 640 53,639 90•562 Other 39 0,989 4,623 290, 386 5,249 11,361 2,376 3,593 4.710 12,160 3,322 i l,.C< 3,778 45,455 Total deposits 16,470,-674 323,492 5407,384 898*, 444 1296,308 734,833 678,791 2314,233 614,531 396,543 722,807 690,685 1892,063 Deferred availability items 1,508,396 112,752 292,111 36, '£90 160,716 131,302 99,231 216,411 66,321 33,904 83,606 65,904 153,443 Other liabilities ircludir?-Z, accrued dividends 12,072 l;05l 3,066 911 1,340 641 843 1,463 395 377 •455 478 1, '■-''41 TOTAL LIABILITIES 39,716,493 2309,693 10,545,319 2419,522 3361,337 2359,366 2048,935 6508,047 1610,823 905,073 1595,305 1.295,500 4752,213 Capital paid in 162,114 10,053 53,951 12,227 16,34 0 6,513 5,851 19,58-1 5,141 3,501 5,236 5,174 13,546 Surplus (Section 7) 188,097 13,206 70,012 17,859 16,026 5,236 5,725 26,490 6,330 3,669 4,554 4,351 14,159 Surplus (Section 15b) 26,965 •2,874 7,092 4,421 1, >07 3,290 749 1,429 530 1,000 1,137 1,3'7 2,129 other capital accounts 108,258 6,020 27,587 7,065 11,$49 7,008 6,213 16,302 4,518 4,705 5,078 4,531 7,432 TOTaL LIABILITIES AND CAPITAL ¿CCGUNTS 1*0,201,927 23U1,81*6 10,708,961 21*61,..9k 3u07,209 2381,913 2067,1*73 6571,Bh9 l62?,3l|2 918,753 1611,310 1211**193 1*789^ 81* Commitments to make industrial loans 4,854 - - - - 3,078 50 515 55 . - t “ - ’ 1,156 F. R.note <3 outstandi ng 22,512,010 1415,931+ 5,027,136 1474,710 1961,071 1533,114 1339,770 4064,370 971,120 437,22^ 819,636 533,638 2329,237 collateral for F*R.notes neld by F.R.Agents* Gold certificates 10,972,000 610,000 2,570,000 622,000 312,000 615,000 630,000 2300,000 375,000 195,000 320,000 249,000 1674,000 Eligible paper 148,215 3,645 129,595 ' 4,285 - - 3,850' - - - - 6,300 - - .540 U.3*Govt, securities 11,303,402 810,000 2,400,300 S5o,ooo H 5o,ooo 950,000 725,000 1300,000 648,4'c£ 300,000 525,000 345,000 1300,000 ' M-*TrjRI?Y DISTRIBUTION OF LOAMS SECURITIES ■Vuithih 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 Discounts and advances 152,618 138,515 ' 578 175 13,350 Industrial loans 5,963 5,789 23 3 ,2 48 ir 56 31 U. S# Govt* securities (incl. guar» sec*) 19,064,404 2,452,787 1,323,301 4,658,601 3,767,949 2,086,850 1,976,940 760,450 619,302 917,724 l / After deducting $737*750,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R, 285» Released for publication Friday morning, December 29,1944; n°t earlier. STATEMENT OF CONDITION 1 OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands' of dollars) Increase or decrease since Dec. 27, Dec» 20, Dec. 29, . I9hh, . I9hh 19U3 A S S E T S --------- Gold certificates on hand and due from U.S. Treasury 17,852,365 - 30,000 -i,755#Uoo Redemption fund - F.R.‘ notes 607,727 + 20,001 + 589,252 Other cash •223,756 “ v 2,199- - 90,972 Total reserves 18,690,848 - 12,198 -1,457,1U0 Discounts and advances; 152,618 - 64,84o + 52,006 Industrial loans ' '5,963 261 - U,175 U.S. Govt, securities* Bills 11,520,617 -177 ,*602 +4,614,442 Certificates 4,732,140 +222,000 +2,324,990 Notes 1 ,568,221 + 11,000 + 891,321 Bonds 1,243,426 - - 581,238 Total U. 8. Govti securities 1 ( incl* 'guai?. sec.) 19,064,404 + 55> 398 +7,449,515 Total loans and securities 19,222,985 - 9,705 +7,497,3U6 Due from foreign banks 136 - F. R. notes.of other banks 92,560 - 5,775 + 9,874 Uncollected items 2,106,042 -4p7,569 - 92,416 Bank premises 3^,350 + :52 3,990 Other assets . 55,026 + 1,365 - 3,814 TOTAL ASSETS 40,201,927 - 511,850 +5,9^9»96o L I A B I L I T I E S — .. ---------........>......... Federal Reserve not&s 21,725,551 ■+ .50,665 +4,850,5^4 Deposits: member bank-reserve account 15,968,623 + 10,179 +1,199,45it U.S.Treasurer-general account 900,698 -5^9,717 + 156,888 Foreign 1,210,564 + 10,077 - 502,181 Other 590,989 - *50,177 4,565 Total deposits 16,470,674 -359,658 +1,029,778 Deferred availability items 1,508,596 -205,527 + 14,275 Other liabilities- including accrued dividends .12,072 ' + 426 + 1,916 TOTAL LIABILITIES 59,^16,493 -515,374 +5,896,515 C A P I T A L - . a -C’C.OUNTS Capital paid in 162,114 + 470 + 8,176 Surplus (Section 7) 188,097 - - + 27,686 Surplus (Section 13b) 26,965 + 156 Other capital accounts . 108,25b . ♦ .1,571; + 17,5^9 total liabilities ai:d capital ACCOUNTS 40,201,927 -511,850 +5,9^9,860 Ratio of total reserves to deposit and F.R#note liabilities combined 48.995 + ,3?;. - 15 M Commitments to -make industrial .loans b,35k + 224 4,584 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 27, 19l*l* (In thousands of' dollars) A S S E T S Total Boston New York Phi la.* Cleve* Rich. Atlanta Chicago St.Louis Linn*. Kans *C^. Dallas SanFran. t Gold certificates on hand and due from>U. S.. Treasury 17,859,365 933,070 . 4,77l+“,l+59 9.81+,783 1328,608 936,56? 910,011+ 3369,608 649,730 637,977 527,936 21+28,841* Redemption fuiid^F.R .notes 607,727 41,055 127,191 43,011 57,849 48,259 36,687 93,078 32,840 m u .25,325 17,796 69,300 Other cash 223,756 16,034 54,,169 15,707 .17,71+1 13,507 18,931* 26,?85 12,312 5,004 12,704 8,656 22,203 Total reserves 18,690,343 990,159 k ,955,819 1043,501 l4o4,i98 993,329 965,635 31*89,1+71 694,332 397>613 676,506 55l*,368 2520,347 Discounts and- advances 152,618 3,645 129,595 4,285 1,100 3,850 -------- 3,000 6,300 — 5^+0 203 100 Industrial loans 5,963 201 86 2,5l*o 315 126 22 -------- -------- : -------- 25 — 2,648 U. S. Govt, securities: Bills.. 11,520,617 834,680 2,602,291+ 823,626 1335,231 80?,549 704,573 1315,506 466,102 331*,694 532,179 466 ^>30 1301,353 Certificates 4,732,11+0 223,433 1,580,169 283,927 270,615 21+6,207 164,230 884,057 '225,100 84,724 181,71*9 127,723 46o ,206 Notes* 1,568,221 74,ol+5 523,663 9l+,092 89,682 31,593 5l* »1*25 292,975 7l+,599 28,076 60,232 i+2,328 152,511 Bonds ’ 1,243,1+26 58,710 1+15,207 74,604 71,108 64,691+ 1*3,153 232,297 59,11*9 22,261 1*7,753 33 >561 120,924 Total U. S. Govt, securities (incl. guar, sec.) •19,064,1+04 1190,868 5,121,333 1276,249 1766,636 1196,043 966,381 2724,835 824,950 1*69,755 821,918 670 M 2 2034,991+ Total loans and securities 19,222,985 -H9l+r7li+ 5,251,014 1283,074 1768,051 1200,019 966,40^ 2727,835 831,250 469,755 822,483 670,645 2037,71*2 Due from foreign banks I3.6 10 1/ 1+9 ~12 12 6 I* 17 1* 3 1* 1* 11 F. R. notes of other banks 92,560 2,376 12+,5 50 3,551* 5,668 8,020 8,216 12,236 6,751* 3,011 ■6,570 4,088 17*517 Uncollected items 2,106,01+2 150,111 462,619 124,1*26 220,977 169,829 123,218 329,606 89,1*32 1*5,902 -101,191; 82,387 206,291 Bank premises 3^r330 1,615 8,911* 3,¿*57 1+,101 2,852 1,611 2,884 2,118 1,251* 2,667 909 1,91*8 Other assets 55,026 2,861 15,996 3,070 4,202 2 ,858 2,386 9,800 2,852 1,215 2,3^6 ’I ,772 5,628 TOTAL ASSETS 40,201 ,92? 2341,81+6 i’o,7o’8,96l 2461 ¿09k 34.07,209 2381,913 2067,473 6571,849 1627,342 918,753 l6ll,61LO 1314,195 1*769,484 l / After deducting $87,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis