H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F.R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Dec. 21j of the Federal Reserve System not earlier, December 20, 1945 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 19* member bank reserve balances, increased $237,000,000, Additions to member bank reserves arose from increases of $593*000,000 in Reserve Bank credit, $21,000,000 in g:ld stock and $9,000,000 in Treasury currency,- offset in part*by increases of $187,000,000 in money in circu­ lation, $20,000,000 in Treasury cash, $91,000,000 in Treasury deposits with Federal Reserve Banks and'$88,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks'on December 19 wore' estimated to be approximately-$1,14.50,000,000. Holdings of loansdiscounts and advances increased $4.8,000,000 and of United States Government securities $175,000,000, The increases in holdings of United States. Government securities, reflects increases of $,n2,000,000 in c e rtifi­ cates, $79,000,000 in b ills and ?i4,000,J00 in notes. Changes in member bank reserve balances and related items during the week and the year ended December 19. 1945» were as follows: Increase *r decrease since Dec,- I9, Dec. 12, Dec. 20. 1945 1945 1-944 (in millions of d,oliars) U. S. Government securities 23,668 + 175 +4.659 Loans, discounts and advances 362 + 48 + 138 Other Reserve Bank credit 827 + •369 - '53 Total Reserve Bank credit 24,^57 + 593 +4.744 Gold stock 20,066 + 21 - 580 Treasury currency. 4.326 + • 9 + 199 Member bank reserve balances 15,906 + 237 +1.948 Money in circulation 20,557 + 137 +3.277 Treasury cash 2,208 + 20 81 Treasury deposits with F*R. Banks 718 + 91 : - 532 Nonmember deposits and other F*k#accounts 1,730 + 88 - 249 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F'oraj F. R» 233c STATEMENT OF CONDITION OF THE FEDERAL RE SE WE BAMS ON DECEMBER 19, 1945 (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. Délias SanFran*- Federal Reserve notes 2 ^ , 663,200 1487 »174 5,375,24-6 1636,938 2107,008 174.9 »678 14-94 -,136 4i+37,363 1062,871 551,921 911,270 626,4.10 3223,185 Deposits: > kexnber bank-reserve - acct. 15 ,905 *93k 698,302 4 ,830 ,776 778,010 1173,363 72i+» 8 19 733,321 2373,063 610,315 391,063 793 *41+6 74 - 5,804 2003,150 I' • S.?re*asurer-general acct• 718 ,21+0 . 63,916 177,9 2 6 34,959 1+9,767 1+3,07.4 38,312 150 , 651 + 37,641 35,163 26,689 25 ,4-93 34-,61+6 Fo re i gn 8kb,008 5 3 ,799 1/3 3 5 ,173 70 , 10.6 69,319 33,1+64- 27,887 103,580 2 3,903 18,326 23,903 23*903 60,635 Jthe r 459,582 3 ^ 6 . 319 , ° 8 o 3,733 7 ,17 1 1 + ,658 3 »914 33,179 10 , 01 +i 2,350 1+81 1 ,-365 1 + 9,161 Total deposits 17,907,761+ 819,663 5,713.755 836,813 1300,120 806,015 803,U3U 2660,476 681,905 446,902 844,521 796 ,563 2147,592 Deferred availability items 1,887,526 161,062 566,554 11+0,320 178,070 148,283 127 ,061+ 290,999 80,302 56,596 90,447 73,585 194,446 Other liabilities includin cr accrued dividends 11,906 713 ,3,140 824 1,185 548 520 1,846 415 419 459 445 1,596 TOT/A LIABILITIES 41+^+70,396 2468,612 11¿ 53,695 2661+,900 3536,383 2704,524 2425,154 7590,684 1325,491 1035,338 1846,697 1496,799 5506,619 Capital paid in 174,993 10,622 62,21+7 13,058 17,580 7,151 6,526 20,c34 5,549 5,787 5,728 . 5,970 16,291 Surplus (Section 7) 228,153 15,239 84,903 19,872 19,071 7,813 7,936 55,201 7,048 4,95-0 6,196 6,025 15,899 'Surplus (section 13'c) 27,165 2,880 7,143 4,468 1,007 5,290 762 1,429 527 1,075 1,137, 1,507 2,142 Other capital accounts 150,956 9,436 33,494 10,768 16,558 9,647 8,277 21,944 7,560 5,4-71 7,227 6,253 14,356 TOTaL LIABILITIES CAPItal ACCOUNTS 1+5,051,663 2506,78 9 11,646,1+82 2715,066 364.0,599 2752 ¿25 2448,455 7467,842 1845,975 1051,119 1366,985 1516,359 5615,787 Commitments to.make industrial loans 2,970 161+ — -1,779 500 JOG — — — — 185 242 F* R. notes outstanding 25,528,778 1525,720 5,528,203 1693,003 2177 ^506 1795,857 1565,305 4556,461 1117,918 565,468 946,055 662,682 5596,641+ Collateral for F. R* notes held by F*. £. Agents: Gold certificates 10,583,000 460,000 3,120*000 ' 1*90,000 630,000 645,000 680,000 1990,000 500,000 .170,000 280,000 169,000 161+9,000 Eligible paper 303,930 12,985 238,635 7 »810 — 3,550 —-, ---- 15,450 — 14,-300 11,200 U. S. Govt* securities 15,311,069 1100,000 2,400,000 1200,000 1550,000 1175,000 900,000 2600 ,£>00 386,069 1+00,000 700,000 500,000 1900,000 matur:ITY DISTRIBUTION OF LOANS AND SECURI'nss Within 16 to 31 to 61 to 91 da.ys to i5 months 1 to 2 2 to 5 Ova]r Total 1-5 days 30 <lays (SO days 90 days 6 months to 1 year years ¿■ears 5 years Discounts and odcvances 359,855 301,855 5s,290 37,900 14,810 ------- ___ — Industrial loans 2,255 2,135 1 4 4 . 70 15 15 13 — U. S. Govt, securities 23,668,061+ 3,386,981 1,831,480 5,434,376 1+, 812,01+5 2,115,,750 1+,.859,090 — 507,652 690,690 l/ After deducting $508,34-1,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form Fi R, 283& Released for publication Friday morning, December 21,1945,1 not earlier STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Dec, 19, Dec# 12, Dec. 20 . 1&5 1.945 1944 ' A S S E T S G«ld certificates 17,067,565 - 47>5oo - 321,800 Redemption fund for F,R. notes- 795,386 + 19,3-64 + 207,660 Total gold certificate reserves 17,862,951 - 28,136 - 611;, ll+O Other cash 216,125 - 7,002 9f 830 Discounts and advances 359,855 + 1+8,205 + 142,397 Industrial loans 2,255 - 1 44 T 3,969 U. S. Govt,- securitiess Bills 12,1486,061 + 79*451 + 787#842 Certificates 3,115,461 + 82,„00 +3,605.321 Notes 2,119,650 + Hi, 000 + 562,429 Bonds ' 946,392 * 296,534 Total U. S.’ Government securities 23,663,064 +175,451 +4,659,058 Total loans and securities* 21+, 030,17U +223,612 +4,797,486 Due from foreign banks 110 • - 26 F. R. notes of other banks 131,308 + 5,873 + 35,053 Uncollected items 2,71I+, 11+7 +573,971 + 120,536 Bank premises 33/653 1 625 Other assets ■ 63,115 “ 5,769 + 9,452 TOTAL ASSETS 45,051,663 +762,543 +4,337,906 L I A B I L I T I E S Federal Reserve notes 2i|, 663,200 +11+6,905 +2,983,514. Deposits s Member bank - reserve account 15,905,934 +237,21+2 ■+1,947,490 U. S, Treasurer - General account 718,21+0 + 91,231; - 532,175 Foreign 844,008 - 41,794 - 356,279 Other ¿+39,5°-2 +121,683 + 18,416 Total deposits -'17,907,761+ +408,1+15 +1,077,452 Deferred availability ifc6ms 1,887,526 +20!+, 957 + 173,803 Other liabilities including accrued dividends 11,906 1 or 0 l>V + 260 TOTAL LIABILITIES i+1+,1+70,396 +760,074 +4,240,029 C A P I T A L A C C O U N T S Capital paid in 174,993 + 82+6 + 13,349 Surplus (Se.ction 7) 228,153 7 r .+ 40,056 Surplus (Section 13b) 27,165 - - + 200 Other capital accounts 150,956 + 1,628 + 44,272 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+5,051,663 +762,5U8 +4,337,906 Ratio of £old certificate reserves to deposit and F.R, note liabilities combined 1+2, Ofi 6,($ Commitments to make industrial l^ans 2,970 + 5 1,660 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F, R, 2C-4b STATEMENT OF CONDITION OF THE FûD'üüAL RESERVE BANKS ON DECEMBER 19, I945 ( In thousands of dollars) A.S S ETS Total Boston New York Phila. Cleve. Rich* Atlanta Chicago St,Louis Minn. Kans^Cy. Dallas St).nFran. Gold certificates 17,067,565 740,103 4,894,653 884,483 1116,045 1040,807 1001,862 3116,223 584,454 335 , 546 567,610 466,984 2,520,79: Redemption fund for Fm. R# notes 795,586 59,189 124,299 61,134 78,031 60* 083 45,950 150,520 42,997 20,145 55,246 26,155 • m ,857 Total gold certificate reserves 17,862,951 799,292 5,018,957 945,617 1194,076 1100,890 >-h -s * DC 1— » or 5246,545 627,451 555,691 602,856 493,139 2432,627 Other cash- 216,125 18,128 55,-062 15,131 15,986 15,265 25.141 26,586. 12,265 ' 7,-884 11,029 8,182 29,468 Discounts and advances 359,855 16,134 255,649 11,946 7,989 6,024 2,245 10,055 16,360 ;1,081 15,710 1,410 Ilf, 772 Industrial loans 2,255 115 - - 1,889 • - 61 - - - - - - - - 15 - - 175 U# S.Govt, securities: Bills 12,486,061 685,501 2,920,040 737^859 1074,723 678,864 619,285 2222,858 492,061 306,854 529,486 415,972 1802,778 Certificates 8,115,461 565,582 2,038,003 602,798 777,722 198,232 407,901 1065,724 415,498 225,095 405,360 354,151 •761,415 K o-te s 2,119,650 147,723 532,299 I57,i*43 203,130 130,152 106,558 277,829 103,522 58,793 105,874 92,495 I98,872 Bonds 946,892 65,991 237,789 70,355 90,743 58,155 , 47,595 124,112 48,479 26,264 47,296 4i;3i9 88,-840 * Total U# S* Government » . securities 23,66*8,064 1464,-597 5,728,131 1568,433 2146,318 1365,361 1181,317 3688,505 1064,560 617,006 1083,016 903,917 2851,905 Total loans and securities 24,030,174 1480,846 5,983,780 1582,268 2154,307 1371,446 1183,562 3698,538 1081,420 618,087 1103,74.1 905,327 2866,852 Due from foreign banks 110 7 l/4o 10 10 5 4 14 5 5 5 3 8 Fm k9 notes of other banks 131,388 4,866 IF, 589 4,817 9,583 22,687 10,847 15,602 7,199 5,598 7,864 :4,550 25,206 Uncollected items 2,714,11*7 196,640 571,167 '157,718 2*56,099 215,565' . 178,051 470,890 • n r, 902 62,802 156,053. I0l;430 255,352 Bank premises 33,653 1,559 8,693 5,525 3,998 2,776 1,572 5,111 . 2,063 1,258 2,597 852 1,869 Other assets 63,115 5,451 14,194 4,180 6,340 5,791 5,486 8,558 3,674 1,796 2,844 2,396 5,905 TOTAL ASSETS 45,051^665 2 506,789 11,646,482 2713,066 3640,399 2732,425 2448,455 7467,84.2 lèU5i975 1051,119 1866,9851516,339 5615,787 l/ After deducting. $70,000 participations of other .Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis