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. 28; of the Federal Reserve System not earlier. December 27, 19^5 CONDITION OF THE FEDERAL RESERVE BANKS Duri.ftg the week ended December 26, member bank reserve balances decreased $2lj.8,000,000. Reductions in member bank reserves resulted from increases of $14.81,000,000 in Treasury deposits with Federal Reserve Banks, $92,000,000 in money in circulation,, and $2,000,000 in nonmember, deposits and other Federal Reserve accounts, 'offs’et* in" part by increases of $315,000,000 in Reserve Bank credit and $8,000,000 in .Treasury currency and a decrease of $5,000,000 in Treasury cash. Excess reserves o’f member banks on December 26 were estimated to be approximately $1,350,000,000, ► Holding« of loans, discounts and advances increased $132,000,000 and of United States • Government securities $369,000,000. The increase in holdings of United States Government securities reflects increases of $317,000,000 in bills and $52,000,000 in certificates. Changes in member bank reserve balances and related items during the week and «the year ended December 26, 19^5, wore as follows: Increase ®r decrease since Dec. 26, Dec. 19, Dec. 27 I9li5 19U5- 19U± (In millions 0f dollars) U. S. Government securities 21+.037 + 369 +h,973 Loans., .discounts and advances ' h9h + 132 + 335 Other Reserve Bank credit 6U1 - 186 + h3 Total, Reserve Bank credit 25,172 + 315 +5,351 Gold stock 20,065 - 1 - 57k Treasury currency h,33h + 8 + 203 iviember bank reserve balances 15,658 21+8 +1,689 Money in circulation 28-, 6I49 + 92 +3,3lh Treasury cash 2,283 - 5 - 9h Treasury deposits with F# R.Banks 1,199 + hBl + 298 Nonmember deposits and other F.R.accowfcs 1,782 2 - 228 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F. R. 283ß STATEMENT OF CONDITION OF THE FEDERAL ¿RESERVE BANKS JN DECEMBER 26, 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*. iians *Cy* Dallas tìanF ran. Federal Reserve notes 2^,736,391 1I+92,785 5,1+10,1+62 l6i,4 ,309 2111,992 171+8,009 1490,672 4458,295 10o6,772 554,53? 912,160 626,073 3219,975 DeDOsits: 15,057,678 69li-,085 1+,81+3,591 783,1:75 lli+0,313 707,300 726,336 2272,678 595,309 338,187 770,1}74 745,143 1990,734 1,198,710 -11x9,999 211,1+29 82,61+3' 139,3H 77,1143 39,095 295 »933 30,082 28,094 41,981 38,406 65,994 Fo reign 865,1+36 55,671+ V3J7,958 72,5^9 '71,566 34,51+9 23,791 106,9^8 2l+,673 18,920 24,678 24,673 62,637 Otner 1+18,880 3,970 325,61+2 3.ohi 5,194 2,332 4,342 9,477 9,860 2,652 528 1,132 50,230 Total deposits 18,138,701+ 905,726 5,718,600 "941 ,548 1556,531+ 821,321+ 799,214 2683,026 659,929 437,335 837,661 309,364 2169,595 1,378,555 110,902 187,1+91+ 77,461 127,357 138,345 116,254 203,106 56,101 li2 ,407 83,507 66,883 168,736 Other liabilities including accrued dividends 12,781 772 5,44? 883 l,25l+ 582 574 1,882 1+44 551 454 493 1,440 TOTAL LIABILITIES 1+1+»266,2+29 2508,185 11,520,003 26614,206 3596,937 2708,760 2406,714 7346,309 1783,246 1035,573 1834,082 1502,813 5559,746 Capital paid in 175,856 10,652 62,732 13,053 17,659 7,173 6,351,' 20,750 5,586 5,851 5,731 6,007 16,297 Surplus (Section 7) 228,153 15,239 81+,903 19,372 19,071 7,313 7,936 33,201 7,048 4,950 6,196 0,025 15,399 Surplus (Section lyb) 27*165 2,880 7,143 i+,1+63 1,007 3,290 762 1,429 527 1,073 1,137 1,507 2,142 Other capital accounts 155,068 9,570 33,999 10,912 16,51+7 9,776 3,370 22,251 7,434 5,532 7,332 6,515 14*930 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,850 ,051 251+6,506 11,508,780 2712,516 3651,271 2736,812 2430,136 71+23,946 1303,891 1050,779 1854,473 1522,1(72 5609,061+ Corninitments to make industrial loans 2,850 l6l| 1,809 300 300 -------- -------- -------- — 135 92 F. 3. notes outstanding ¿5,&8,777 Î53UÂ52 5,553,972 1699,333 2130,553 1301,677 1565,940 4564,226 1119,276 569,605 952,110 661+ ¿405 3597,725 Collateral for F. R. notes held by F. R. Agents; Gol& certificates 10,525,000 I+60,000 3,220,000 500,000 635,000 670,000 630,000 1390,000 300,00'J 170,000 230,000 169,000 1649,000 Eligible paper 1+17,71+7 23 ,060 359,760 h ,1+12 -------- 3,965 -------- — 15,750 5,000 15,800 — 10,000 U, S* Govt, securities 15,1+20 ,222 1100,000 2 ,1+00 ,000 1200,000 1550,000 1175 »000 900,000 2700,000 395,222 400 ,000 700,000 500,00o 1900,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within l6 to 31 to 6l to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 50 days 60 days 90 days 6 months to 1 year years years • 5 years Discounts and advances 1+92,027 1*37,777 4,600 1+7,900 1,750 Industrial loans 2,038 1,925 4 1+ 61+ -13 13 13 690,690 U. S. Govt* securities 21+,036,572 3,1+06,733 2,032,552 55*A1+1133,,220066 1+,985,891+ 2,11+2,750 4,857,090 507,652 l/ After deducting $524,320,000 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 mbrning, December 28,.191+5, not earlier. STATEMENT OF , C ONDITI ON OF THE TWELVE FEDERAL RESERVE BANfcS COMBINED (In thousands of dollHrs) Increase or decrease since Dec, 26,. Dqc. 19, . Dec. 27, 19U5 1945 19UU A S S'E T S Gold certificates 17,062,56? 5,ooo- - 796,800 Redemption fund for F,R. notes 800,371 + l+,985 +. 192-, 61+1+ Total gold certificate réserve's 17,862,936, 15 • - 601+, 156 Other cash 206,771+ - 9,351 - 16,982 Discounts and advances 492,027* +132,172 + 339,1+09 Industrial loans 2,038- - . 217 - 3,925 U. S, Govt, securities: , Bills' 12,802,569 +316,50,8 +1,281,952 Certificates 8,167,1+61 +..52,000 +3;»1+35,321 Notes 2,119,650 - - + 551,1+29 Bonds - 9Ì+6,8;)2., -, - 296,531+ t Total U. S. Government _ _ _ _ _ _ , 211,036,572 +368,508'* +hi,972,160 Total loans and securities 24,530,637. +500,1+0$ * •+5i,307,65? Due from-foreign banks , 110' - - • .. 26 F. R. riotes of other banks 133,595 +. 2,207 + 1+1,035 Uncollected items 2,019,1+7S -69k,671 - 86,566 Bank premises . 33,615. - - 38 *■ - 715 Other assets 63,508 +.. 8,1+82 TOTaL ASSETS l+l+,85d,65i, *201,012 +4i>61+8,721+ L I A B I L I T I E S - ---------—_____________________________tm. Federai Reserve 1 notes 21+, 736,391 + 73,191 +3,011,040 Deposits: Member bank - reserve account 15,657,678 -21+8,256 +1,689,055 U»S#Treasurer - General, jacccu,nt 1,198,710 • +1+80,1+70 • •+• 29&.012 Foreign 863,1+3 6 +.19,423 - 31+6,928 Other 1+18» 880 - 20,702 + 27,891 Total deposits 13,13 8 > 70l+ +230,91+0 +1,668,030 Deferred availabilityi.itemp 1,378,553 ' -508,973 •- * 129-, 81+3 Other liabilities including accrued dividends 12,781 + 875 + 709 TOTiiL LIABILITIES 1+1+, 266,1+29 -203,967 +1+, 51+9,936 i C A P I T A L 1]; 'i> 0 0 TJ N T S * Capital paid in 175,836 + 81+3 + 13,722 Surplus (Section 7) 228,153 - - + 1+0,056 Surplus (¡Section 13b) 27» 165- - - + 200 Other capital accounts. ■ 153,068 + *2,112' + 1+1+,'010 TOTAL LIABILITIES ,aFD CAPITAL ACCOUNTS ai+,850,65l -201,012 +1+, 61+8,721+ Ratio of gold certificate Reserves to deposit and F.R.note -70'/ liabilities combined 41.7% ■ - 6.& Commitments to make industrial loans 2 ¿850 120 2,00l+ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 284b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER’ 26, 1945 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. ' Kans.Cyv Dallas SanFran*. Gold certificates 17,062,565 780,234 1;, 660*960 876,112 1137,623 1070,423 1002,091 3220,843 556,837 323,662 582,225 472,742 2378,813 Redemption fund for F. R. notes 800,371 59,189 124,283 61,134 78,031 6o,o84 45,-950 135,320 42,997 20,145 35,246 26,155 111,831 Total gold certificate r^seryes 17,862,936 839,423 4,765,243 937,246 1215,654 1130,507 1048,041 3356.163 599,834 343,807 617,471 498,897 2490,650 Other cash 206,774 17,367 31,215 13,465 15,485 15,141 20,523 24,318 12,234 7,265 10,386 9,049 30,326 Discounts and advances 492,027 26*209 356,774 8,548 23,619 6,439 3,245 11,760 17,160 6,081 17,210 1,410 13,572 Industrial loans 2,038 110 - - 1,857 - 56 - - _ » « - - « 15 . — U„- 3* .Govt._ securities: Bills 12,802,569 726,078 3,092,063 786,659 1126,714 678,157 634,721 2196,482 508,569 317,756 526,800 438,799 1769,771 Certificates 8,167,461 569,292 2,050,626 6o6,75l 782,870 501,505 410,597 1070,394 418,032 226,562 407,910 356,376 766,546 Notes. 2,119,650 147,746 532,187 157,466 203,173 130,153 106,559 277,793 108,488 58,797 105,862 92,489 198,937 Bonds 946,892 66,001 237,739 70,344 90,761 50., 142 47,602 124,096 48,464 . 26,266 47,291 41,317 88,869 Total U*S. Government securities 24,036,572 1509,117 5,912,615 1621,220 2203,518 1367,957 1199,479 3668,765 1083,553 629,381 1087,863 928,981 2824,123 Total loans and securities 24,530,637 1535,436 6,269,389 1631,625 2227,137 1374,452 1202,724 3680,525 1100,713 •635,462 1105,088 930,391 2837,695 Due from foreign banks 110 7 1/ 40 ■ 10 .'lO 5 4 14 3 3 3 3 8 F^R^notos of other banks ! 133,595 2,985 13,054 5,446 10,033 25,274 9,107 17,998 8,224 6,134 8,705 4,345 22,292 Uncollectcd items 2,019,476 144,721 386,154 117,425 173,008 184,750 144,559 332,828 77,123 55,136 107,316 75,995 220,463 Bank premises 33,615 1,559 8,693 3,313 3,989 2,769 1,569 3,111 2,062 1,258 • 2,597 832 1,863 Other assets 63,508 5,008 14,992 3,988 5,955 3,914 3.609 8,989 3,698 1-,714 2,914 2,960 ___¿4.762. total assets UU,850,651 2546,506 11,508,780 2712,516 3651,271 2736,812 24.30,136 7423,946 1803,891 1050,779 1854,478 1522,472 5609,064 l/ lifter deducting $70,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis