H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form t. R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday m«ming, Feb 9; of the Federal Reserve System not earlier. February 8, 191*5 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended February 7, member bank reserve balances increased $66,000,000. Additions to member bank reserves arose from an increase of $151,000,000 in Reserve Bank credit and a decrease of $55*000,000 in Treasury deposits with Federal Reserve Banks, offset in part by a decrease of $2,000,000 in gold stock and increases of $12.1,000,000 in money in circulation, $2,000,000 in Treasury cash and $16,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on February 7 were estimated to be 'approjtiiatitely $900,000,000. Holdings of loans, discounts and advances increased $21;,000,000 and of United States Government securities $56,000,000. The increase in holdings of United States Government securities resulted from increases of $58,000,000 in bills and $30,000,000 in certificat-s and decreases of $9,000,000 in bonds and $5,000,000 in notes. Changes in member bank reserve ..balances and related items during the week and the year ended February 7, 191*5» were as follows: Increase or decrease since Feb.. 7, Jan. 51, Feb. 9 19^5 19U5 l9hk (In millions of dollars) U, S. Government securities 19,062 + 5 6 + 7,895 Loans, discounts and advances 2 Oli + 21* + 172 Other Reserve Bank credit 1*38 + 72 + 129 Total Reserve Bank credit 19,705 + 151 + 8,192 Gold stock 20,5I48 2 - 1,288 Treasury currency U.126 1 + 32 Member bank reserve balances 15,950 + 66 + 1,1*68 Money in circulation 25,1*11 + 121 + I*, 825 Treasury cash 2,572 + 2 + 5 7 Treasury deposits with F.R. Baraks 595 - 55 + 585 Nonmember deposits and other F, R.accounts 2,052 + 16 + li 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 FEBRUiJiY 7, 1945 (In thousands of dollars) L I A B I L I T I E S Total Boston Kew York Phila. Cl eve • Rich. Atlanta ' Chicago St.Louis Minn. Kans.Cy• Dallas SanFran* Federal Reserve notes 21,81+5,618 1365,02V 1+,872,210 11+38,928 190l+,l69 ll+8i+,30l 1286,715 1+012,880 933.258 478,513 8ol+,i6o ^5li6»757 2718,705 Deposits : Member bank-reserve acct .15,95Q,402 652 ,1+28 1+,1+86,395 637,976 108l+,268 602,293 628,165 206i+,25l+ 516,103 30l+,843 638,507 599,525 1685,661+ U*S.Treasurer-general acct. 592,798 51»799 155,830 29,61+6 68 ,l+5l i 23,21)0 18,575 85,156 16,147 1+6 ,066 21,197 22,657 54,251 Foreign 1,21+7,81+9 82,125 lA81+,110 105 ,022 IO3 ,828 50,121+ 41,770 155 »146 55,805 27,449 35.803 35,305 90,366 Other 395,161+ 4,777 301,483 4,201+ 8,219 4,935 5,871 3.634 11,01+1 2,106 3.510 3.145 42,259 T/t&l deposits 16,186,213 791,129 5,427,818 826,81+8 126t', 769 680,592 694,179 2508,170 579,099 500,1+61+ 699,017 661,108 1373,020 Deferred availability items 1,3^6 *7^0 106,915 21+0,859 77,168 128,992 108,277 91,885 206,150 62,828 29,734 74,065 56,325 165,5144 Other liabilities including accrued dividends 8,239 601 1,980 549 822 1+02 586 1,368' 516 262 297 255 821 T OTAL LIABILITIES 39,386,810 2263,669 10,542,867 231+3^93 3298,752 2273,572 2073.365 6528,568 1575,501 888,973 1577,539 1261+,1+25 1+756,088 Capital paid in 165,801 10 ,ll+d 59,666 12,545 16,673 6,609 5,953 19,750 5,255 3.639 5,316 ' 5,51'9 14,950 Surplus (bection 7) 223,153 15,239 84,903 19,872 19,071 7,815 7,936 33.201 7.01+8 4.950 6,196 6,025 15,399 Surplus (Soction 13b) .27,165 2,880 7,143 4,468 1,007 3,290 762 1,429 527 1,073 1,137 1,307 2,l*i2 Other capital accounts 75,894 4,435 14,728 5,498 9,255 4,952 4,407 10,968 4.129 3.565 3,340 3.453 o,661+ TOTiiL LIABILITIES i.MD CAPITAL ACCOUNTS 39,883,823 2296,371 10,709,307 2585,674 53144,758 2296,236 2092,1+23 6593,916 1592,460 902,200 1594,028 1280,727 4795,725 Commitments to make industrial loans 3.3S>1 — ---- 2,555 20 1+00 ---- — 55 ---- — — 561 F* R* notes outstanding . 22,1+82,1+82 11+12,1+71 5,027,409 1475,379 1950,602 1519,701 1531,541 4087 M70 970,520 1+88,51+7 822,069 573.920 2825,055 Collateral for F. R» notes held b;y F• R* Agents: Gold certificates 11,001,350 610,000 5,270,000 '623,000 812,000 615,000 605,000 1920*000 375,000 183,550 .520,000 2l+l+,000 11+21+,000 Eligible paper 180,856 8,500 92,775 2,325 ---- 4,450 — 29,450 5,9H 37,1*45 ----- U,S ^Govt• securities 11,871,451 810,000 1,800,000 850,000 1150,000 950,000 750,000 2200 ,000 681,1+51 510,000 525,000 345.000 1500,000 MATURITY DISTRIBUTION OF LQ/-ÜS ;,ND SECURITIES Within ^ ta 31 to 61 to 91 days to1 6 months 1 to 2 2 to 5 Ovur Total 15 days 30 days 60 days 90 days 6 months to 1 year years ¿ears 5 years Discounts and advances 199,806 154,030 16,925 20,650 28i,201 --- — ----- Industrial loans 3.721 3,196 1 31 4 2 1+62 25 ---- ---- U* 3* Govt, securities 19,061,737 1,713,090 2,90li,295 1.,825,185 1+,019,455 . 1,286,1+1+0 2,519,500 343.200 619,802 330,770 l/ j,fter deducting $761,1+10,000 participations of other Federal Reserve Banks.. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form, F. R„ 283a Released for publication Friday morning^ February 9»1?45» not earlier,, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Feb. 7, Jan, 31, Feb. 9, 1945 19U5 1944 A S S E T S Gold certificates 17.7li7.865 - 21,000 -1,669,708 Redemption fund - F. Hf notes S2.li, 821 + 2o,li33 + 361,923 Other cash 28h , 130 - 8,414 - 66,646 Total reserves 18,656,816 - 8,981 -1,374,426 Discounts and advances 199,9o6 + 23,956 + 177.355 Industrial loans 3,721 ** 203 6,218 U. S. Govt, securities* Bills li.Ui3.4oU + 37,599 +5,440,315 Certificates 14,926,1110 + 29,500 +2,339,100 Notes 1,565.721 - 2,500 + 632,521 Bonds 1.156.U72 - 9,200 - 519,262 Total U. S, Govt* securities , „ ^1. , 1. . T "HUM , T t ,H 1 1 II. .1 , .1 1 HI* 1 - 19,061,737 + 55,359 +7,392,674 Total loans and securities 19,265,2 64 + 79,152 +8,063,311 Due from foreign banks 116 20 F. R. notes of other bunks 80,798 16,601 901 Uncollected items 1.734.593 - 94,292 + 241,975 Bank premises 34.476 6 636 Other assets 6;,76c 3,896 1 » JtdZl TOTaL ASSETS 39,333,823 - 45,581 +6,925,907 L I A B I L I T I E S Federal Reserve notes 21,845.618 + 97,572 +4.760,645 Deposits: iuenber bank-reserve account 13,950,1402 + 66,634 +1,468,050 U.S.Treasurer 59^,798 - 54.783 + 534,379 Foreign 1,247,849 + 1,095 - 277,0°.7 Other 395.164 + 8,132 + 213,422 Total deposits 16,136,213 + 21,123 +1,938,764 Deferred availability items 1,3146,7140 - 166,154 + 113,252 other liabilities including accrued dividends 8,239 + 724 + 678 TOTaL LIABILITIES 39,336,810 - 46,730 +6,863,339 C A P I T A L A C C O U N T S Capital paid in. 165,801 257 + 9,359 Surplus (bection 7) 228,153 - - + 40,056 Surplus (Section 13b) 27,165 — + 200 Other capital accounts 75,8914 +_ .____ 80a +. 12,1153 TOTAL LIABILITIES ,xND CAPITaL ACCOUNTS 39,883,823 - 45,531 +6,925,907 Ratio of total reserves to deposit and F.P.note liabilities combined 49.1# - .r/o - 14.9$ Commitments to make* industrial loans •3,391 70 - 6,891 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

-Porn^ F. R, 283b STATEMENT of C CTO IT 10!; OF THE FEDERAL RES/'Flffi. BANES ON F2BFU.'JiY 7, lok5 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis ¡¿inn. Kans.Cy. Dallas SanFrcji. Gold certificates 17,747,865 899,153 5,141,555 971,781 1346,733 904,477 965,484 3088,901 639,96} 566,413 633,824 507,040 2282,430 Redemption fund-F.h.notes 624,821 .4o,6ci s.5,375 42,793 57,310 43,0,2 37,929 110,508 32,635 15,776 25,668 18,645 93,935 Other cash 234,130 23,6c 68,413 2l,2l3 2;;,a>3 l*,o44 22,743 34,704 13,387 5,683 13,818 10;-378 26,751 Total reserves 13,656,816 963,362 5,305,343 1035,737 1423,976 971,163 1026,161 3234,113 635,995 3' • / ,8(7 673,310 536,563 2403,,166 Discounts and advances 199,306 8, 500 92,775 2,325 10,025 4,450 300 7,353 29,450 5,?H 37,445 775 500 Industrial loans 3,721 197 10 2,590 303 121 20 - - - - - - 25 - - 450 XJ* S* Gayt. securities: Bills'** 11,413,404 659,004 3,024,1.24 656,429 993,457 671,965 540,630 2038,857 423,142 254,936 404,325 349,870 1390,.815 Certificates 4,926,140 338,79G 1,225,335 372,994 4.63,129 315,647 249,021 645,232 251,472 242,c43 205,063 495,,163 Notes 1,565,721 107,632 339,46l 116,553 143,739 100,325 79,149 205,080 75,570 42,346 7o,932 65,179 159,655 Bonds 1,156,472 79,536 287,663 87,566 109,899 74,102 58,461 .151,476 54,340 - 31,273 56,■323. 43,143 117, 135 Total U»S]» Govt» securities —^ " ’ ' 19-,061,737 1135,020 4,926,303.1235,542 1720,274-1162,£>39 927,31.1 3040-,645 7Q?,524,46i,'79J 780,623' 663,2602165,823 Total loans and sscurifcieT 19,265,264 1193,717 5,019,663,1240,457 1730,607 U66,610 927,631 3047,99 5 816',;'74 467,704 318,‘093; 669,035 2166,773 Due from foreign banks 116 Q 1/ 29 12 • 12 6 5 18 4 3 4- - 4 10 F*R. notes of other banks 80,798 3,o<£ 11,304 • • '1,975 3,930 -11,860 • 8,03-7 •10,403 5,556 5^9 - -5,459 2,653 13,950 uncollected items 784,593 130,481 350,211 99,709 170,901 139.720 125,656 289,315 73.600 .41, 2X7 91,280 68,886 198 117 Bank premises •» 34,476 1,605 3,876 3,445 4,092 2,345 1,607 3,167 2,] 1.0 2L9 2,655 894 1,931 Other assets 61,76o 4,135 13,876 4,289 6,240 4,032 3,276 8,405 3,221 1, 591 3,227 2,692 . 6,72.6. TOTAL ASSETS 39,883,823 2296,371-10,709,307 2385,674 3344,758 2296,236 2092,423 6593,916 1592,460 902,200 1594,028 1280,727 4795,723 * m l/ After deducting '$87,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis