H.4.1 Factors Affecting Reserve Balances of Depository Institutions

'Ftirfti F* R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Jan. 26; of the Federal Reserve ‘System not earlier. January 25, 19^5* CONDITION OF THE FEDERAL RESERVE BANKS During the week ended January 21; member bank reserve balances .decreased $71,000,000. Reductions in member bank reserves arose from a decrease of $90,000,000 in Reserve Bank credit and from increases of $10,000,000 in Treasury cash and $ll;5*000,000 in Treasury deposits with Federal Reserve Banks offset in part by decreases of $3li,000,000 in money in circulation .and $11*1,000,000 in nonmomber deposits and other Federal Reserve accounts. Excess reserves of .member banks on January 2lj. were estimated to be approximately $1,200,000,000# Holdings of ltfans, discounts and advances increased $12,000,000 while holdings oT United States Government securities decreased $31,000,000# The decrease in holdings of United States Government securities resulted from decreases,of $i|,000,000 in bills and $32,000,000 in bonds and from an increase of $5*000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year ended January 214, I9I4.5* were as follows; Increase or decrease since Jan. 2I4, Jan. 17, Jan. 26. 191*5 191*5 19M* (In millions of doll;cX!TS ) Uf S. Govt. securities(incl* guar* sec.) 18,620 - 31 + 6,5?1* Loans, diâcôunts and advances ll*5 + 12 4- ill Cthor Reserve Bank credit 1*55 - 70 + 151 Total Reserve Bank credit 19,220 - 90 4- 6,835 Gold stock 20,571 1 - 1,357 Treasury currency h> 129 56 Member bank reserve balances lli,085 - 71 + 1,083 koney in circulation 25,175 - 51* + 1*,738 Treasury cash 2,380 + 10 ♦ 1*9 Tro-.sury deposits with F. R. Banks 1*79 + 11*5 4* 128 Nonmomber deposits and other F. Rf accounts 1,801 - iia - 533 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R* 2S3c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY' 21*, 19^5 (In thousands of dollars) L I À ' B I L I T I E S Total Boston New York Phila. Cleve#„ Rich, ^tlanta Chicago St*Louis Minn* Kans.Cy. Dallas SanFran. Fodeial Reserve notes 21,6kl,358 1353,280 h,&k,7h5 11*27,1*88 1893,889 11*72,667 1265,950 3981*.Sl*l* 923,976 l*7l*.086 792,71+7 537.162 2696, 521* Deposits': Member bank-reserve acct*. iJU, 08li-> 835 „ 653*^02 lißk51ßO02 ¿92,81*0 1082,1*25 595,982 615,126 2151,390 520,81*5 315.838 621*, 61*3 611,629 1763,333 U..S.Treasurer-general acct. 1*79^05h 26,956 221*,227 13,010 1*0,057 11,351* 17,511* 52‘,203 17.183 16,052 19,096 22,1*81 18,921 Foreign' 1,157,351*. 75.688 1/1*55,027 . 96,551 95,1*51* 1*6,081 38,1*01 11*2-, 632 32,915 25,235 32,915 32,915 83,51*0 Other 21*0,021* 6,1*17 ~ 13U.537 5,636 10,571* 3,917 3,066 1*,3’22 11,71*9 2,21*7 . 3,618 2,870 51.021 Total deposits 15,961,287- 762.263 5.271,393 808,037 ,1228,510 657,331* 671*, 107 2350,51*7 582,^92 359,372 630,272 669,895 1916,815 Deferred availability .items 1,661!,217 125.581* ; 239,987 82,253 159,207 121*,980 138,707 261,638 79,21*9 59,-951 103,987 73,866 181*, 828 Other liabilities^Including * accrued dividends • 8,0.50' 570 •i,7li' 512 738 1*81* 938 ;i,-3l*5 , 257 2’5l* 263 292 636 * TUTiiL LIABILITIES 39,-280,912’ 221*1,^97 10,387.836 2318,31*0' 3282,31*1* 2255,1*65 2079,702 659a,37^ 1586,171* 873,-61*3 1577,269 1281,215 1*798,853 Capital paid in 165,3^5 10,11*0 59,613 12,302- 16,658 6,593 5,931 J9,.682 : 5,21*7 3,627 5,295 5,509 11*,903 Surplus (Section 7) 228,153' . 15,239 8Zt,903 19,872 19,071 7.813 7,936 53,201 7,ol*8 1*.950 6,196 6,025 15,899 Surplus (Section 13b) ’ 27,165 2,880 •7.11*3 1*,1*68 1,007 3,290 762 1,1*29 527 1,073 1,137 1,507 2,11*2 uther capital accounts 72,758 1*,227' 11*,'033 5,323. 8,970 1*,770 1*,21*3 10,1*15 l*,02l* 3.1*62 . 5,695 5,557 6,21*1 TOTAL LIABILITIES AND - • Capital accounts 39.771*,293 2274,183 lo,5‘53,523 2360,305 3328,050 2277,931 2098,571* 6063,101 1603,020 886,755 1595,590 1297,213 1*838,01*3 Commitments,, to make industrial loans 3,1*95 ------ 2,389 20 1*00 — ------ 55 — — — 631 F„R. notes outstanding ¿2,1*1*6*586 11*08,889.5,012*971* 11*59. -398 191*9,862 1517,581* 1352,556 1*076,713 969,060 1*87,325 «16,11*9 577,779 2833,297 Collateral-for F.R.notes • •C '• '■ held by F»R# Agents: Gold certificates 11,01*3,000 .. 6lo,opo 3,27Q>qoo 623,000 812,000 615.000 «605,000 1900,000 375,000 195,000 320,000 21,1*, 000 11* 71*, 000 Eligible paper ■ 130,"050' 1*.,570 56,860- 1*20 — 2,750 < 31,000 •5 ,-ooo "29,1*50 — -- T - ■ U.S.'Govt* securities 11,71*7,235 ' 810,000 1,800,000 85o;ooo 1150,000 950,000 •750,000 2200,000 667,235 300,000 525,000 31*5,000 11*00,000 MATURITY DISTRIBUTION OF LGAES AND SECURITIES . Within 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 ~T* ' '-t Discounts and advances ll* 1,020 107.995 975 6,1*75 25,575 Industrial loans ■3.8?5 3.367 1 2 30 1* 1*62 27 U„&.-Govi;, securities (incl. guar. sec.)- 18,619,682 3.260,933 . 1,770,267 3,870,788 k, 1*87,732 978,500 2,1*1*3^190 31*3,200 :619,802 81*5,270 l/ After deducting $¿99,993,000 participatiens cf other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fossi F. R* 283a Released for publication Friday morning, ^January 26,19^5* n0^ earlier* STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease s.ince «Jan# 2¿4., ian, 17» Jan, 26, 19^5 19U5 19414 A S S.E T S Gold certificates 17,739,36.5 + 3,000 ■rl,709,210 Redemption fund - F. E. notes 603,888 - 5,572 + 3145,035 Other cash ; 291,192 + 7,978 - 714,9214 Total reserves 18,68U.UU5 + 5,1*06 -1,14-39,099 Discounts and advances lit i, 020 + 11,605 ■ + 116,713 Industrial loans 3,893 + 16 6,223 U, S. Govt, securitiesj Bills 10,983,81*9 - 1*,1*09 +3,9l49,58l4 Certificates [*,896,614.0 . + 5,000 +2,219,950 Notes 1,568,221 — + 890,321 Bonds 1,170,972 - 31,950 - 1*66,293 Total_.U. S. Govt, securities 'finely guar, see.) -; 18,619,682 „ - 31,359 +6,593,562 * Total loans and securities ■ 18,761*,595 - 19,738 +6,7014,052 Due from foreign Ipanks 116 20 20 F* R*notes of other banks 107,505 725 + 21¿198 Uncollected items 2,119,357 - 1+0,833 + -1473,1498 Bank premises 3hs'5k5 + 275 Other assets 63,730 .*..2.»222. .655 TOTaL aSSBTS 39,?7l*,293 - 52,-656 . +5,758,3141* L I A B I L I T I E S Federal Reserve notes 21,61*7,358 - 17,U67 +1*, 7140,319 Deposits s Member bank-ressrve account ll*,08i*:,855 * 71,1491 +1,082,739 U,S#Treasurer-general account 1*79,05U +1145,138 + 127,802 Foreign 1,157,35k - 6,21*8 * 373,14214 Other •21*0,021*. -1314,003 - 222,912 Total deposits 15,961,287 - 66,60I* + 6ii*,205 Deferred availability‘items 1,661*,217 + 29,298 + 3142 , 281 Other liabilities including' accrued dividends 8,050' + ' 522 «*• 1,030 TOTAL LIABILITIES 39,280,912 - 5U,25l +5,^97,835 c a p i t a l fc a c c o u n t s Capital paid in 165,305 +• 182 + 9*621 Surplus (Section 7) 228,153 mm + '1*0,056 Surplus (Section 13b) 27,165 197 Other capital accounts , , 72,758 + 1,1413 + '10,635 TOTAL liabilities CAPITAL ACCOUNTS 39,77^,293 r 52,656 _ +5,758,3l4l4 Ratio of total reserves to deposit ajad F. R* note liabilities combined •1*9.7% + . 1 12.7% '% Commitments to. make industrial loans' 3,1*95 159 6,637 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. K. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 21*, 191*5 (In thousands of dollars)' A S S E T S Total 3oston New York: Phila. Cleve. Rich«. AtlantaL Chicago St,Louis Minn. ' Kans. Ç y. Dallas San Fran. Gold certificates 17,789,365 905,888 5,257,962 939,706 1328,730 892„262 930,069 3-086,591* 625,750 31*0,902 613,712 500,152 2367,638 Redemption fund-F.R.notes 603,888 1*0, ¿11 95,637 1*2,302 ' 57,316 ii8,681 38,11*2 110,-516 32,61*3 11*, 777 25,671 • 18,61*9 78,91*3 Other cash 291,192 22,1*21* 70,919 21,032 23,876 18,1*67 23,635 36,216 15,030 5,556 . 11*, 63? 11,501* 27,894 Total reserves 18,681*,1*1*5 968,923 5,1*21*, 518 1003,01*0 11*09,922 959,1*10 991,81*6 3233,326 673,1*23 361,235 651*, 022 530,305 2l*7i*,l*75 Discounts and advances 11*1,020 l+,570 56,860 1*20 6,650 2,750 1*,300 31,000 5,000 2?, 1*50 -- 20 Industrial loans 3,893 197 10 2,759 308 121* 20 -- — — 25 -- 1*50 Uv S# Govt, securities: Bills 10,983,81*9 628,377 2,699,31*3 659,323 967,061 657,660 530,1*73 2060,266 1*29,081 259,712 1*07,163 31*7,757 1337,633 Certificates 1**896,61*0 336,730 1,218,031* 370,71*8 1*65,266 313,771* 21*7,528 61*1,1*21* 230,087 132,1*16 21*0,599 203,831* 1*96,200 Notes 1,568,221 107,81*1* 390,093 118,736 11*9,008 100,1*90 79,275 205,1*26 73,689 1*2,1*09 77,055 65,282 158,911* Bonds 1,170,972 80,525 291,278 88,659 111,262 75,035 59,191* 153,389 55,023 31,667 57,536 1*8,71*5 118,659 •• Total U*S# Govt* securities ( incl^ guar. sec#} 18,619,682 1153,1*76 1*,598,71*8 1237,1*66 1692,597 nV6,95?' 9i6,1*70 3060,505 ' 787,B80 1*66,201* 782;353- 665,618 -2111,1*06 Total loans and securities.' 18,761*,595 1158,21*3 k,655,618 121*0,61+5 1699,555 111*9»833 916,1*90 3o61*,8Ò5 818^880 1*71,201* 811,828 . 665,618 2111,876 Due from foreign banks , 116 9 1/ 29 12 ’12 6 5 18 1* • 3 . ■ 1*- •1* 10 F.R*notes of other banks 107,505 3,619 11,715 2,580 1*,1*66 15,981* 11,261* 12,600 7,1*90 3,372 ' 5,706'. ¿*,120 21*, 589 Uncollected items 2,119,357 137,188 1*38,202 106,033 203,710 11*5,1*31* 17I*, 051 31*0,71*1 97,81*3 1*7,926 116,156 ■ 93,51*7 218,526 Bank premises -3k 51*5 1,610 8,891* 3,1*57 1**092 2,81*5 1,608 3,173 2,111* 1,252 2,66l . .901 N 1,938 Other assets '63,730 7*. 591 11*, 552 ¿*,538 6,293 i*,l*i9 3,310 8,1*38 3,266 1,763 3*21.3 2,718 6,629 TOTAL ASSETS 39,771*,293 227l*ri83 10,553,528 2360,305 3328,050 2277,931'2098,571 6663,101 1603,020 886,755 1^3,590 ,1297,213 1*838,01*3 l/ After deducting $87,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis