H.4.1 Factors Affecting Reserve Balances of Depository Institutions

ysî-ft F, r. 233 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Feb. 2; cf the Federal Reserve System not earlier. February 1, I9U5' CONDITION OF THE FEDERAL RESERVE BANKS , During, the.-week ended January, 31#- member bank reserve balances decreased $201,000;000* Reductions in member bank reserves arose from decreases of $21,000,000 in -gold stock, and $2,000,000 in Treasury currency and increases of $115, 000,000 in money in' circulation, $169,000,000 in Treasury deposits with Federal Reserve Banks and $235*000,000 in nonmember deposits and other Federal Reserve accounts,, offset in part by an increase of $332,000,000 in Reserve Bank credit and a decrease of $10,000,000 in Treasury cash. Excess reserves of member banks on January 31 were estimated to be approximately $1,000,000,000« Holdings of loans, discounts and advances increased $35*000,000 and of United States Government securities $336*000,000. The increase in holdings of United States Government securities resulted from an increase of $392,000,000 in Treasury bills and a decrease of $5,000,000 in bonds. Changes in member bank reserve balances and related items during the week and- the year ended January Jl, 191*5* were as follows t Increase or decrease since Jan, 31» JanL, 2k, Feb. 2, I9b5 •1-9Ü5 19 kh (In millions of dollars) U. S. Govt, s9curi-ties( incl* guar, sec,)* 19,006 + . 386 + 7,225 Loans, discounts and advances 180 + 35 + II4.6 Other Reserve Ba.nk credit 366 - 89 + k9 Total Reserve Bank Credit 19*552 + 332 + 7,k20 Gold stock 20,550 - 21 - 1,360 Treasury currency U.127 - 2 + 3k Member bank reserve balances 13*3811 mm 201 + 1*037 Mondy in circulation *25,290 + U5 + 4*756 Treasury cash *2,370 10 + kd Treasury deposits.with F.R, Banks 6^8 •f* 169 + k73 Nonmembcr deposits and other F.R,accounts 2,036 235 - 222 ♦Preliminary* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283^ STATEMENT OF CONDITION OK THE FEDERAL RESERVE BANKS ON JANUARY 51, 19^5 (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 San Fran. Federal Reserve notes 21^U8.,Di;6:1357,913 4*850,568 1430*914 1896,61+3 1480,299 1282,557 3990 ¿53 928,391; ¿75 >821]. 802*027 514.6,876 2705,578 Deposits; Member bank-reserve acct.13 ,8§3-,718- 633,869 4,498,193 693,9281082,760 587,009 599*766 2o4l,8;?6 .513.452 305 »817 625,972 590,254 I7IO,S02 U.S.Treasurer-gejieral .acct. 647,581 48,802 141,069 41,325 72,810 144,821 38,256 62,506 40,876 33,249 41,776 43,660 38,431 1,246,754 81,,551111 I /&91 *637 10^,789 102,610 4499,,553355 ,280 153,4312/5 35,383 27,127 35,383 35,383 89,791 ■387,032 5,158 289 ¿90 4,,115599 8,250 2 ,990 3,228 4*729 12,110 2,800 3,217 2,816 48,085 Total deposits 16,165,085 •769^46 5,420,389 843,201 1266,430 684,355 682,530 2262,456 601,821 368,993 706,348 672,113 1887,109 Deferred availability items 1»512 ,89h 113,385 296,255 77,045 143,132 110,621 105,394 229,189 66,913 30,798 84*307 60,825 195,030 Other liabilities including accrued dividends- 7 *515 699 1,636 . -505 724 335 539 1,324 299 212 •,277 208 757 T0TAL LIABILITIES 39,433.,54o 2241,337 10,568,848 2351,-665 3306,929 2275,610 2071,020 6483,422 1597¿27 075,827 1592,959 1280,022 4788,474 Capita^ paid, in 1-65,544 I0,l40 59,628 12,341 16,669 6,603 5,942 19,706 5,255 3,632 5,315 5,396 14,917 Surplus (Section J) 228,153 -15,239 '84,90.3 19,872 19,071 7,813 7,936 33,201 7 ,o43 4',950 6,196 6,025 L'5,899 Surplus (Section 13b) 27,165 2,880 •7,143 4,468 1,007 3,290 762 1,429 527 1,073 1,137 1,307 2,142 Other capital accounts -75,002. . 4,390 14,46i ■5,430 9,154 4,882 4,357 10,987 4,io8 3,534:, 3,783 3,419 6,497 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 39,929,404*2273,986 1(^734,985 2393*776 3352,530 2298,198 2090,017 6548,745 1614,365 809,016'. 1609,390 1296,l6ÿ 4827,929 Commitments to make .3,461 — -• —- 2,355 20 400 55 ...................... 631 industrial loans F.R.n«tes outstanding -22,463,124-1406,216 5,017.,107 1466,877 1949,672 1520,580 1334,369 4072,358 ' 968,922 4o8,094. 822,028 578,115 2838,786 Collateral tor F.R.~notes held by F.R^xgentsj Gold certificates .11,093,000 ' 610,000 3,270,000 623,000 812,000 615,000 605,000 1900,000 375,000 195,000 520,000 21(4,000 1524,000 Eligible paper 146,950 3,425 68,285 6,175 — 3,860 — — 31,500 1,500 32,205 U*S#Govt, securities 11,778,056 810,000 1,800,000 850,0001150,000 950,000 750,000 2200,000 ' 698,056 300,000 525,000 345,000 1400,000 ' MATURITY DISTRIBUTION OF LOANS 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 yàars . years 5 years Discounts arxii advances 175 >850 i?d,6oo 5,875 8~575 32 ,6'00 Industrial loans 3,924 - 3,393 2 31 4 462 27 U.S.. Govt*' securities finely guar, sec.) 19,006,338 3*366,245 2,109,549 4,334,9863,775,896 ‘ 623,500 2 M 3,19b ‘ 343',200 619,802 839,970 l/ After deducting $752,471»000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. H. 283a Released for publication Friday morning, February 2,l9i).5; n°t earlier. STaTSMBNT OF CUNUITICK OF THE TWELVE FEDERAL RbStikVE B^iNKS COMBINED (In thousands of dollars) Increase or decrease since Jan, 31» Jan, 2I4, Feb, 2, 1915 191*5 I9I4I4 a s s e t s ' Gold certificates 17,768,865 - 20,500 -1,711,710 Redemption fund - F# R# notes 6oU,383 + 500 + 339,2714 Other cash * " 292,5hh + 1,352 - '614,627 Total reserves 18,665,797 - 18,6148 -1,1437,063 Discounts and advances 175,850 + 314,330 + 151,923 Industrial loans 3,921; + ' 31 6,015 U* S# Govt, securities:' ‘ ► « ■/, Bills 11,375,805 +391,956 +14,762, ¿4142 Certificates I4, 896,6^0 +2,3147,600 Notes 1,568,221 + 6214,221 Bonds -1,165,672 - -5,300 , 508,526 Total U* S, Govt* securities (in cl# guar, sec.) 19,006,338 +386,656 +7,225,737 Total loans and securities . 19,186,112 +US1,517 . +7,371,6145 Due from foreign banks 116 20 F, R* notes of other banks 97,399 - 10,106 + 12,783 Uncollected items 1,878,855 -2140,1472 + 161,066 Bank premises 3lt,U82 . 63 , 630 Other assets 66,613 + 2,883 + 2,891 TOTAL ASSETS 39,929,1401; +155,m +6,110,672 L I A B I L I T 4I .3 JS Federal Reserve notes 21,7148,0146 +100,688 +14,708,2142 Deposits: Member bank-reserve account 13,383,718 -201,137 +1,036,889 U*S.Treasurer 614?, 581 +168/527 ■ + 1472,9140 Foreign 1,2146,7514 + 89,1400 - 311,728 Other 337,032 +1147 , 008 + 29,639 Total deposits 16,165,085 +203,798 +1,227,7140 Deferred availability items 1,512,8914 -l5l,323 ' + 112,3814 Other liabilities including accrued dividends 7,515 535 + 251 TOTxX LIABILITIES 39,1433,5Uo +152 ,,628 . +6,0148,617 C;i P I T a L ^ i CCOU N T S Capital paid in 165,5U14 + 239 + 9,751 Surplus (Section 7) 228,153 + '¿40,056 Surplus ( Section '13b) 27,165 — “T + 197 Other capital accounts 75,002 + ' 2,2i4l4 + 12,051 TOT.xL LIABILITIES AND CaPITaL ACCuUNTS 39,929,14014 +155,H1 +6,110,672 Ratio of total reserves to deposit and F.R#note liabilities combined 149.2% 1 • 13.7% Commitments to make industrial loans 3,U6i 314 6,820 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. *R. 283b •STATEMENT OF CONDITION OF THE FEDER-L RESERVE BANKS ON JANUARY 31, 1945, (In thousands of dollars)” A S S E T S Total Boston New York Phila. Cleve. Rich* Atlanta .Chicago St.Louis Minn. Kans.Cy. Dallas San Fran* Gold certificates 17,768,86$ 892-,944 5,227,014 955,228 1335,451 916,958 964,493 3015,696 646,999 357,933- 636,725 517,858 2301,566 Redemption fund-F.R^notes 604,388 40,611 95,637 42,802 57,316 48,681 38,142 110,516 32,6^3 14,777, 25,671 • 18,649 78*943 Other cash 292,5m* 24,337 70,227 21,055 23,513 19,9^3 23,393 36,494 13,811 5,716: 15,128 11,598 27,329 Total reserves 18,665,797 957,892 5,392,878 1019,085 1416,280 985,582 1026,028 3162,706 693,453 378,426 677,524 548,105 2407,838 Discounts and advances 175,850 3,425 68,285 6,175 13,350 3,860 3,000 6,550 31,500 1,500 32,205 .5.500 Industrial loans 3,924 197 10 2,793 308 121 20 -- — — . 25 450 U* S*. Govt^; securities? Bills • . r 11,375,805 658,544 2,922,981 673,713 986,712 668,245 546*881 2051,189 439,307 257,162 422,285 342,480 1406,306 Certificates 4,896,640 336,717 1,218,049 370,740 465,240 313,781 247,528 641,447 230,088 132,410 240,600 203,832 496,208 Notes 1,568,221 107,837 390,098 118,735 149,000 100,493 79,275 205,434 73,689 42,4o6 77,056 65,281 158,917 Bonds 1,165,672 30,156 289,963 88,257 110,753 74,697 58,926 152,701 54,774 31,521 57,276 48,523 118,125 • - • - - > Total U#S* '«Govt* securities • (in cli gu^r* sec*.) 19,-006,338 1133,254 4,821,091 125.1,445 1711,705 1.157,216 932,610 3050,771.. 797,858 463,499 797,217 660,116 2179,556 Total loang.and securities 19,186,112 1186,876 4,889,386 1260,413 1725,863 1161,197 935,630 3057,321 829,358 464,999 829,447 665,616 2180,006 Due from foreign banks, 116 9 ' 1/ 29 .12- . 12 '6 5- 18 4 3 4 ‘ 4 10 F..R, notes of other banks 97,399 2,250 Î4,023 : -2,708 3,552 15,014 9,658 12,224 5,331 4,085 ç,a4o 4,021 19,393 Uncollected' items 1,078,885 120,894 414,643" 103,-559 '196,367 '129,212 113,626 '304^381 80,629 38,415 9i,i7ô 74,641 211,548 Bank premises 34,482 1,605 8,876 3,445 4,092 2,845 1,607 3,167 . 2,110 1,249 2,661 894 1,931 Other assets 66,613 4,460 15,148 4,754 6,664 4,342 3,463 8,928 3,480 i»839 3,444 2,888 7,203 TOTAL assets 39,929,404 2273,986 10,734»983 2393,776 3352,‘830 2298,198 2090,017 -6548,745 1614,365 869,016 1609,390 1296,169 4827,929 l/ After deducting $87,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis