H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. P. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Jan. 4» of the Federal Reserve System not earlier. January 3» 1?46 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended. January 2» member bank reserve balances increased $2i|2,000,000. Additions to member bank reserves arose from decreases pf $428,000,000 in Treasury depbsi'tS with Federal Reserve Banlcs'and $l,5,c!-,-CT00,000 in money in circulation and an increase of $18,000,000 in Treasury currency, offset in part by a decrease of $325,000,000 in Reserve Bank credit and increases of $23,000,000 in Treasury cash and $15,000,000 in nonpember deposits and other Federal Reserve accounts. Excess- reserves of member banks on January 2 were estimated to be approximately $1,480,000,000. The surplus of the Federal Reserve Banks was increased at the end of the year from $228,153#000. to $358»355»000. Of the increase, abiut $82,000,000 came from, earnings in excess of expense and dividend requirements during 1945 and about $48,000,0Q’0 from reserves for contingencies which are carried as part' of the capital accounts of the Fedoral Reserve Banks. Holdings of loans, discounts and advances decreased $270,000,000 while holdings of United States Governisient securities increased $55»000,000. The in­ crease in holdings of United States povernment securities reflects an increase of $774,000,000 in certificates and decreases of $142,000,000 in b ills and ’ $577»000,000 in notes. Changes in member bank reserve balances and related items during the- week and «the year ended January 2, 1946, were as f : llov.-s 5 Increase op decrease sinde ! Jan. 2, Dec. 26, Jan* 3» , 1946 1945 191*5 »■..... ........-*■■■■»— (In millions of dollars) U. S, Government securities 24,092 + 55 +5,358 Loans, discounts*and advances 224 - 270 + 190 Other Reserve Bank credit 531 - 110 171 Total Reserve Bank credit 24,847 - 325 +5,377 Gold stock 20,065 — - 554 Treasury currency 4,352 + 18 + 222 Member bank reserve ^balances 15,900 + 242 +1,979 Money in circulation 28,491 - 158 +3.>165 Treasury cash 2,306 + 23 62 Treasury deposits with R* Banks 771 - 428 + - 179 Honm^mber deposits and other F* R,accounts. 1,797. + 15 - 214 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 203° STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY'2, 1946 (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 SanFran. Federal Reserve notes 24,634,868 1479*639 5*390,233 1634,341 2097,164 1738,326 1483,035 4446,598 1063,526 552,003 912,550 619*904 3217,769 Deposits: l.iember bank-reserve aact. 15,900,136 694,325 4,909,765 794,791 1167,007 706.190 757,299 2342,291 589,165 386,733 778,485 750,480 2025,605 U.S.Treasurer-general acct.. 771.155 94,202 , 95,700 37,246 80,646 44,427 52,143 125,823 45,794 50,402 52,502 59,705 72,565 Foreign 355,531 55,653 1/ 334,579 71,383 70,572 34,069 28,391 105,453 24,335 18,657 24*555 24,555 61,769 0th3r 445»657 4,017 336,609 8,518 7*758 11,087 5,196 3,860 9,750 2,498 3*122 2,938 50,504 Total deposits 17,970,477 848,197 5,676,653 911,938 1325*983 795,773 843,029 2577,427 669,044 458,290 838,444 817,456 2208,243 Deferred availability items ^ 286 133*862 281,750 122,351 180,260 184,339 137,980 260,482 69,144 45*677 108,416 95,886 194,039 Other liabilities including * * accrued dividends :7,733 417 1,368 511 783 430 362 1,792 • 296 374 310 246_______844 TOTAL LIABILITIES 44,427*264 2462,115 11*350,004 2669,141 3604,190 2718,368 2464,406 7,286^991802,010 1056,344 1859,500 1535,492 5620,895 Capital paid in 177,337 10,639 63,636 13,064 17*693 7,179 6,398 21,125 5,613 3,896 5,770 6,027 16,297 Surplus (Section 7) 358,355 22,439 116,860 28,946 33*745 15*593 i4,!*5ü 53,029 12,939 8,869 11,891 10,670 28,924 Surplus (Section 13b) 3,012 27,428 • 7,205 4,501 1,007 3*326 762 1,429 527 1,073 1,137 1,507 2,142 Other capital accounts ____24,049 2,o43 2,531 „ 2,014_____1,970 2,o44 1,971 2,285 1,713 I.6&0 1.750 1.750 2.358 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,014,455 2500,248 11, 540,256 2717,666 5658,605 2747,010 2437,-987 7364,167 1822,802 3071^22 1380,048 1553,246 5670.596 Commitments to make industrial loans 1,646 164 ~ - 705 300 200 '185 92 F.R. notés outstanding 25,617,619 1538,885 5,555,137 1698,506 2180,18L. 1799,460 1565,142 4570,154 1117,499 569,504 947,002 665,464 5412,887 Collateral for F»R. notes, held by F.R. Aj-ents* Gold certificates 10,525,000 460,000 5,120,000 500;000 . 655,000 670,000 680,000 1890,000 500,000170,000 280,000 169,0001649,000 Eligible paper 155,052 1,060 115,880 4,250 - - 1.575 - - - - 7,017 10,000. 15,25.0 . - - U.S.Govt. securities 15,588,221 1100,000 2,400,000 1200,000 1550,000 1175,000 900,000 2700,000 865,221 400,000 700,000 500,000 1900,000 MATURITY DISTRIBUTION OF BOANS AND SECURITIES ’ Within . 16 to 31 to ;; 61 to 9I days to 6 months 1 to 2 2 to 5 Over Total 15 days - 50 éays 60 days- 90 days •'6 months to 1 year years years 5 years Discounts and advances 222,482 161,847 39,999 _10,62é 10,010 Industrial loans 1*959 1,828 3 r 4 57 8 15 15 ‘‘ 15 TJ. S. Govt, securities 24,091,682 2,751*685 3,512,914 5,155,669 5,469,554 1,665,900 4,581,640 - - 507*652 690,690 l/ After deducting $517,528,000 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, January U,.I9U6; not earlier. STATEMENT OF CONDITION. OF THE TWELVE FEDERAL RESERVE J5ANKS COMBINED' (In thousands of dollars) Increase or decrease since Jan. 2, Dec., 26, Jan. '3, I9k6 •191*5 19^5 A S S-E TrS Gold certificates 17,062,565 - 771*, 800 Redemption fund for F, R, notes 800,359 12 + 193,253 Total gold certifipate,reserves. 17,662,921* - 581,51*7 12 Other cash 232,1*1*8 + "25,671* ■ - 12,901* Discounts and advances 222,1*82 -269,51*5 + 192,632 Industrial loans 1,939 99 1;802 U.S. Govt, securitiess Bills 12,660,679 «11*1,890 '+1,620,513 Certificates 8,91*1,011 +773,550 +4,051*, 371 Notes 1,51*3,100 -576,550 - 25,121 Bonds . 91*6, S92 - 292,1*39 Total U. S. Government securities J 21*, 091,682 + ’55,1^ *5,357,3211 Total loans and securities 24,316,103 -2lU,53ji +5,5U8,15U Due from foreign banks- 110 -■ * 26 F, R, notes of other banks 160,370 +.26,775 + 52,827 Uncollected items 2,31*5,152 +325,676 - 86,085 Bank premises 33,376 239 - 895 Other assets.; 63,950 + 1*1*2 , +* '5,589 TOTAL ASSETS - 1*5, oil*, 1*33 +163,782 +1*, 925, U3 L I A B I L I T I E S Federal Reserve notes 21*, 631*, 868 -101,523 +2,892,072 Deposits» member bank - reserve account 15,900,136 +21*2,1*58 +1,978,71*1 U.S.Treasurer - General account 771,153 -1*27,557 + 179,321* Foreign 853,531 - 9,905 366,565 Other 1*1*5,657 + 26,777 + 57,177 Total deposits 17,970,1*77 -168,227 +1,81*8,677 Deferred availability items 1,811*, 186 +1*35,633 + 81*, 728 Other liabilities including accrued dividends 7,733 - 5,01*8 + 863 TOTAL LIABILITIES 1*1*, 1*27,261* +160,835 +1*,826,3l*0 C A P I T A L •ACCOUHTS/ .......- ............................. ■ ■ .1 Capital paid in 177,337 + 1,501 + 12,938 Surplus (Section 7) 35^,355 +130,202 + 130,202 Surplus (Section 13b) 27,1*28 + 263 + 263 Other capital accounts 2l*,0l*9 -1*29,019 - 1*1*, 630 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*5, Oil*, 1*33 +163,782 +1*, 925,113 Ratio of gold certificate reserves to deposit and F.R.note liabilities combined ' 1*1. + .2$ 6.8$ Commitments to -make industrial loans" 1,61*6 - 1,201* - 2,163 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 JANUARY 2, lgi|6 (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 17,062,565 739,087 4,874,011 834,041 1126,649 889,911 967,749 3193,380 567,746 327,586 581,676 477,737 2482,992 Redemption fund for F» R. notes 800,359 '59,189 124,283 61,134 78,031 60,083 45,950 135,309 42,997 20,145 35,246 26.155 111,837 Total gold certificate reserves 17,862,924 798,276 4,998,294 895,175 1204,680 949,99k 1013,699 3328,689 610,743 347,731 616,922 503,892 2594,829 Other cash 232,448 18,125 36,179 15,777 15,542 17,608 23,941 26,703 14,726 7,048 14,287 11,360 31,152 Discounts and advances 222,482 4,209 132,894 8,386 18,539 3,549 1,645 12,110 8,427 11,081 16,660 1,410 3,572 Industrial loans 1,939 110 - - 1,761 - - 53 - - - - - - - - 15 - - U.S. Govt, securities* Bills 12,660,679 704,843 2,980,919 775,955 1078,545 814,515 677,012 2150,306 526,400 328,470 537,873- 426,315 1659,526 Certificates 8,941,011 .615,225 2,238,391 •676,658 854,982 560,736 463,613 1147,538 438,623 244,101 435,283. 390,911 874,950 Notes 1,543,100 106,181 386,317 116,782 147,559 96,775 80,013 198,049 75,701 42,128 75,124 67,466 151,005 Bonds 946,892 65,156 237,055 71,661 90,547 59,384 49,098 121,529 ‘ 46,453 25,851 ‘ 46,098 ' 41,399'' 92,661 Total U.S. Government securities 24,091,682 l49l»U05 5,842,682 1641,056 2171,633 1531,4io 1269,7363617,422 1087,177 640,550 1094,378 926,091 2778,142 Total loans and securities 24,316,103 1495,724 5,975,576 1651,203 2190,172 1535,012 1271,3813629,532 1095,604 651,631 1111,053 927,501 2781,714 Due from foreign banks Ho 7 1/40 10' 10 5 4 14 3 3 3 3 8 F.R. notes of other banks i60,370 5,138 19,009 6,&5U 12,696 jo,24a 14,719 17,571 9,557 7,087 9,881 6,429’ 22,565 uncollected items 2,34:5,152 172,276 490,170 141,801 225,840 207,-837 159,255 350,441 86,593 55,474 122,541 100,324 232,600 Bank premises 33,376 1,352 8,674 3,313 3,989 2,769 1,568 3,106 2,059 1,263 2,591 829 1,863 Other assets 63,950 9,350 13,214 3,933 5,73b 3,543 3,420 8,111 3,517 1,585 2,770 2,908 5,865 TOTAL ASSETS 1*5^014,1*33 2500,248 11,540,236 2717,666 3658,-605 2747*010 2487,98? 7364^1671822,802 3071,822 1880,048 1553»246 5670,596 l/ After deducting $70,000 participations cf other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis