H.4.1 Factors Affecting Reserve Balances of Depository Institutions

'Form Fé R* ¿S3 STATEMENT FOR THE PRESS Released for publication Board of Governors Frida;/ morning, Jan, 19; of the Federal Reserve System not earlier. January 13,* 19^5 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended January 17 member bank reserve balances increased $99,000,000. Additions to’’member bank reserves arose from decreases of S19U,000,000 in Treasury deposits with Federal Reserve Banks, $53/000,000 in ncnmember deposits and other Federal Reserve accounts, $1*8,000,000 in money in circulation, and $2,000,000 in Treasury cash, offset in part by decreases of ^176,000,000 in h'Q.s-rve. Bank credit and $21,000,000’ in gold stock. Excess reserves of member banks on January 17 were estimated to be approximately $1,300,000,000. Holdings of United States Government.securities decreased $256,000,000; bills decreased $2^5,000,000 and bonds ?l6,000,000, while certificates increased $5,000,000. • • Changes in member bank reservo balances and related items during the week and the year ended January 17, I9ii5, w^re as follows: Increase or decrease since Jan. 17, Jan. 10, ’ Jan, 19 1945 1945 1944 ' (In millions of dollars) U. S. Govt. securities^incl. guar, sec.) 13,651 • £56 +6,738 Loans, discounts and advances 133 - 1 + 32 0thor Reserve Bank credit 525 + 80 + 70 Total Reserve Bank credit 19,310 - 176 +6,891 Gold stock 20,572 - 21 -1,366 Treasury curroncy 4,129 1 + 36 Ii-.rr.bor bank reserve • bal:mces 14,156 + 99 +1,142 Lloney in circulation 25,209 - 43 +4,801 Tr.fcsury cash 2,370 2 + 43 Treasury deposits wi.th F, R. Banks 334 - 194 - 70 Honmeraber deposits and other F. R. accounts 1,942 - 53 - 356 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

jf'jrr. t1'. ii. 283c CP' THE F&DF.RAL KiiSrAVä BANKS Qtl JANUARY 17, l^hb (Ir. thousands of dollars) Jj x .. Total Bosten New York Fhil:i. Cleve. Rich. Atlanta Chicago St.Louis • inn. Kar'-.Oy. Dallas SanFrun. Fea^ral Reserve notes 21,664,8^5 1356,067 4,81?,782 1426,190 1994,674 1479,909 1273,034 3983,923 927,040 V75,153 793,984 541,340 2693,325 Deposits: ¡¿ember bank-reserve acct. 14,156,346 654,697 4,455,619 693,218 1110,5^3 603,974 629,512 2152,060 536,625 318,519 663,495 626,514 1711,555 ii*3»Treasurer-f:enerJ!.l ucct. 333,916 • 13,083 190,5^8 13,165 ),715 16,306 6,095 * .22,581 9,005 10,373 15,017 14,134 15,296 Poreim ~ 1,163,602 74,762 1/4.55,643 97,561 96,453 46,563 30,805 144,125 33,^60 25,499 33,260 55,260 04,415 Other 574,027 5,73-3 268,025 3,910 9,007 3,024 4,460 6,176 12,579 2,175 5,795 3,168 49,975 Total de. os its 16,027,091- 748,280 5,359*795 807,054 1236,759 670,447 679,970 2324,942 590,472 356,565 715,565 677,126 1861,217 Deferred availability items 1,634,919. • 129,607 313,191 83,940 160,050 116,682 127,550 243,915 31,136 37,597 92,375 65,909 176,817 Gth^r liaoilities including accrued dividends 7,523 339 1,761 450 706 377 453 1,309 242 213 261 250 668 TOTAL LIABILITIES -34,793 10,494,529 2318,434 3500,183 2267,614 2079,907 6553,395 1598,942 369,528 1602,185 1282,625 4752,527 Capital paid in 165,125 10,124 59,594 12,270 16,645 6,576 5,910“■ 19,712 5,-31 5,621 5,234 5,276 14,872 Surplus (Section 7) 220,i53 15,259 84,905 19,872 19,071 7,013 7,936 33,201 7,043 4,950 6,196 6,025 15»8>2 Surplus (Section 13'd) 27,165 2,350 7,143 4,468 1,007 3,290 762 .. 1,429 527 1,073 1,137 1,3^7 2,142 Other capital accounts 71,345 .4,124 13,653 -5,202 0,817 4,651 4,192 10,301 3,9Uo 5,425 3,589 3,501 6,080 TOTAL LIABILITIES AilD CAPITAL Accoui:rs 39,826,949 :2267,160 10,659,922 2360,254 3545,728 ¿.2 >y,9u4 2098,697 6613,616 1615,630 882,597 1613,339 1298,534 4771,520 Coiaraitmenbs to make industrial loans 3,654 mm mm 2,543 20 400 ---- — 55 — — - - 631 F. K. notes outstanding 22,451,783 1412,347 5,012,835 1463,702 1953,200 1525,274 1352,394 4069,494 965,615 4:-7, 070 817,443 580,412 2832,002 Collateral for F.R.notes neld by F.R. Agents* Gold certificates 10,955,000 '610,000 5,270,000 623,000 812,000 615,000 605,000 1000,000 375,•>00 195,000 320,000 254,000 1474,000 Eligible paper 119,365 4,020 62., 655 7,H0 — 2,500 — - - 30,•;oo - - 12,200 - - - - U*S.Govt. securities 11,362,775 810,000 1,000,000 950,000 1150,000 950,.00 750,000 2300,000 682,775 500,000 525,000 345,000 1400,000 »TUK1TY DISTRIBUTION OF LQrJS AND S3C'JIvi:i33 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 vear years y-^ars 5 years Discounts and udv&n'ces 129,415 89,765 14,000 2,015 23,695 Industrial loans 3,877 5., 5 51 2 31 4- . 462. ,27 U. S. Govt, securities find, guar. 8cc.) 18,651,041 3,510,286 1,784,949 5,891,632 4,402,212- 978,500 2*443,190 543,200 619,902 977,220 1/kfter deducting.-^707,319,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Ponp. F, f.« 233u Released for publication Friday morning, January 19,19455; n°t earlier. STATK.ISi'T OF COHDITICW Of THE TVfflLVB jffiLERAL RESERVE BAIiKS : CABINED (In thousands of dollars) Increase or decrease since Jan,.17, Jan, 10, Jan. 19, I9'u5 1945 1944 a 8 S !•- ! S Gold certificates 17.786,365 - 20,')00 -1,715,210 Redempti cn fund - F. R. notes 609,460 - J.530 + 550,8S6 Other cash 283,214 +.15,350 - 76,847 T ot:..l resf.rvos 18,679,039 - 5,68.0 -1,441,171 Discounts and advances 129,415 740 + 99,336 Industrial loans 3,377 12 - 6,527 U. S. Govt, securities» Bills 10,9-3,258 -245,269 +3,968,456 Certificates 4,891, 64o + 5,y>o +2,312,950 Kotos 1,568,221 - - + 8"'0,321 3onds 1,205,922 - 15,560 - 433,470 Total U»S. Govt. securities guar, sue.) 1?,651,041 -255,329 +6,,739,257 1 ***■ 1 ■ r Total loans and securities 18,784,333 -256,591 +6,,320,066 Due from foraiga barik£ 136 - - - - F. R. not..s of other hanks 10>3,230 + 4,209 + 26,417 Uncolloctoi items 2,160,190 +373,145 + 253*653 Bank premises 34,270 - . . 1 - 931 Othir assots 6o;751 + 2,232 - 3.642 TOT.iL aSSETS 39,326,949 +117,324 +5,659.392 L I A B I L I T I E S Federal K.;sorvo not -s 21,664,825 - 29,952 +4,755,154 Deposits: Member bank-res ..rve account 14,156,346 + 99.350 +1,.142,743 U.S.Tr« asarer-.rcner-.il account ' 333,916 -193,335 - ¿9,340 Foreign 1,163,602 - 35,227 - 357,953 Other" 374,027 - 16,929 - 64,280 Total deposits 16,027, «.91 -146,691 . + 650,670 Deferred availability items 1,634,919 +292,365 + 187,365 Other liabilities including accrued dividends 7,528 + 1 + 1,779 TOTAL LIABILITIES 39,335.163 +115,723 +5,599.468 C a p i t a l a c c o u m s Capital paid in 165,123 + 219 + 9.547 Surplus (Section 7) 228,153 - - + 40,056 Surplus (S.ction 13b) 27,165 - - + 200 Other capital :.ccounts 71,345 + 1,332 + 10,121 TOTAL LL.j-ILITISS^CL CAPITAL ACCOUNTS 39,826,949 +117,324 +5,659»392 Ratio of total reserves to deposit and F. R. note liabilities conbin-d h9*&/o ♦ *3% 12.7% Commitments to saky industrial loans 3,654 5,752 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BnNKS ON JANUARY 17, 19^5 ( Ir. thousands of dollars) A S S E T S Total Boston 'New York Phila. Cleve. Rich. Atlanta Chicago St,Louis! Kinn* Kans.Cy. Dallas! SanFran. Gold certificates 17,786,365 875,3-96 5,317*426 951,184 1332,620 898,094 949,256 3018,332 623,007 348,030 627,410 509,337 2336,273 Redemption fund-i\R. notes 609,460 40,740 96,086 42,509 • 57,474 47,719 38,298 115,633 32,702 14,795 25,719 18,689 79,046 Other cash 293,211* 21,930 68*301 20,566 21,056 13,703 24,085 34,562 14,872 5,423 14,346 11,144 27,826 Total reserves 18,679,039 937,966 5,482,313 1014,259 1411.150 904,516 1011,639 3168,577 670,5-91 369,248 667,475 539,170 2443,145 Discounts and advances 129,415 4,020 62,635 7,110 7,250 2,500 - - 2,800 30,900 - _ 12,200 - - - - Industrial loans 3,877 199 12 2,736 308 126 21 - - mm mm 25 - - 450 U# S, Govt* securities: Bills 10,988,258 638,299 2,698,869 635,676 951,144 663,979 534,408 2069,861 445,947 251,200 439,622 351,061 1308,192 Certificates 4,891,640 336,465 1,216,716 370,402 464,919 313,417 247,276 6i+o,647 229,848 132,319 240,344 203,640 495,648 Notes 1,568,221 107,869 390,068 118,747 149,050 100,479 79,275 205,397 73,68.3 42,420 77,053 65,285 153,900 Bonds 1,202,922 82,742 299,206 91,080 114,331 77,074 60,809 157,544 56,!p23 32,539 59,104 50,079 121,896 Total Ü. S# Govt* securities (incl# guar, sec..) 13,651,041 1165,375 4,604,859 1215,911 1679.443 1154,949 921,768 3073,-439 ’ •806; 006 458,478 816,123 670,064 2084,626 * Total loans and - - • • • se©uriti~s 18,784*333 1169,594 4,667,506 1225,757 1697,001 1157,575. 921,709 3076,239 836,906 458,478 828,349 670,064 2085,076 bue from foreign banks 136 9 1/ 49 12 12 6 5 13 4 3 4 4 10 R. notes of other banks 1:33,230 3,445 16,720 3,096 . 4,106 . 14,154 .10,377 12,681- 6,808 3,650 ■ 5,46l- • 5,i7i 22,561 Uncollected items 2,160,190 150,509 470,077 109,175 233,457 146,897 149,953 350,313 96,122 49,262 111,295 80,500 212,630 Bank premises 34,270 ;,610 8,894 . . 3,4.57 4,101' 2,852 1,611 2,379 .2,115 l'. 252 2,661 901 1,937 Other assets 60,751 4,027' 14,263 4,498 5,901 3,944- 3,323 7,909 3,152 1,704 3', 145 2.724 6,161 TOTAL ASSETS 39,826,949 2267,160 10,659,322 ¿360,2% 3345*728 22.39,944 2098,697 6613,616 1615,688 832,597 1618,389 1298,534 4771,520 i . . . *• l/ After deducting $97,000 participations of other Federal Reserve. Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis