H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 233 STATEMENT FOR THE PRESS Released for publication Board of Governors Fri&ay. morning, Jan. 11; of the Federal Reserve System not earlier. January 10, 1946 CONDITION OF THE FEDERAL RESERVE BANKS During the week en^ed January,9 member bonk reserve balances decreased $73,000,000. Reductions■in member bank reserves resulted from decreases of $311,001,000 in Reserve t.Unk credit and $19,000,000 in gold stock and an increase of $15,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part,by decreases of $19];,000,000 in money in circulation, $50,000,000 in Treasury cash and $13,000,000 in Treasury de’ p'osits with Federal Res.eryc Banks and an increase of $10,000,000 in Treasury curroncy. Excess reserves of member bJtfiks on January 9 wure estimated to be approximately $1,330,000,000. Holdings of loans, discounts and advances decreased $7,000,000 and of Unit'ed States Government securities .$233,.000,000. The decrease in holdings of United States Government securities reflects decreases of ‘$94,000,000 in b ills, ?131,000,000 in certificates and $8,000,000 in notes. Changes in member bank reserve balances and related items diiring the week and the year ended January *9, I9I4S,"were 'as follows: Increase or decrease since t Jan. 9» Jaî*« 2, Jan. 10, 1946 1946 1945 .(In millions' of dollars) U. S. Government securities 23,859 - £33 +4,952 'Loans, discounts and advances . 217 - 7 + 83 OtKi-r Reserve Bonk-credit .461 70 + 16 Total Reserve Bank credit 24,536 », <311 +5,050 ’Gold stock 20,04.6 - ' 19 - 547 Treasury'currency 4,362 + 10 + 232 Member bank r^s^rve balances 15,822 *» 78 +1,765 Money in circulation 28,297 - 194 +3.040 Treasury' cash 2,256 - 50 - 116 Treasury deposits with F. R, Banks 75-3 - 13 + 230 Monrumb-vr deposits and other F.R.accounts 1,S12 + 15 - 183 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT OF CONDITIO?: OF THE FEDERAL RESERVE BANKS OiT JAKUAHT 9, 1946 (In thousands of aollars) L I A B I L I T I E S Total Boston New York Phila. Cl eve* Sich. Atlanta ChV icago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,434*899 1466,198 5*345*932 1625,542 2085,413 1723,921 1473*891 4432,700 1057*260 551,464 9li,088 615*715 3195,775 Deposits j Member bank-reserve acct. 15,821,635 724,198 4,842,121 792,154 1194,486 716,009 751,354 2300,966 606,214 392,488 775,776 748,596 1977,273 U.S.Treasurer-general acct- 757,818 49*253' 286,131 39,557 49,555 31,090 27,672 102,248 24,342 35*026 29,110 53*194 50,64o Foreign 906,232 58,401 1/354*471 76,031 75,167 36,288 30*240 112,319 25 ,920 19,872 25*920 25*920 65,683 Other 400,407 3*232 305,541 3,238 8,147 4,237 3*445 5,711 9,813 2,510 2,127 1,210 51,396 Total deposits 17 ,886,092 835,084 5,788,064 910,980 1527,355 787,624 812,711 2521,21(4 666,239 1)49*896 832,955 808,920 2144,992 Deferred availability items 1,520,4l6 124,?6l 281,388 105,328 132,931 113,466 118,031 216,357 73,61+9 41,632 95,441 60,658 158,724 Other liabilities including accrued dividends 8,013 393 *.1*453 501 319 .431 350 2,161 .272 294 297 254 803 TOTAL LIABILITIES 43,899*420 2426,436 11,416,842 2642,351 3546,513 2625,442 2 404,983 7172,462 1797,470 1043,556 1837,759 1*35*527 5500,294 Capital paid in 178,250 10,671 63,707’ 13,161 17,902 7,221 6,458 21,201 5,641 3,903 5,343 6,107 16,430 Surplus (Section 7) 358,555 22,439 116,360 28,946 33,745 15,595 14,450 53,029 12,939 3,869 11,391 10,670 23 ,924 Surplus (Section lj>b) 27,423 3,012 7,205 4,501 1,007 3,326 762 1,429 527 1,073 1,157 1,307 2,142 Other capital accounts •25,868 2,156 . 2,977 2,154. 2,154 2,162 2,071 2,495 1,814 1,696 1,845 1*828 2,516 TOTAL LIABILITIES AND CAPITAL aCCOUiJTS 44,439*321 2464,714 11,607,591 2691,113 3601,326 2653,744 2428,724 7250,616 1818,391 1053,877 1853,430 1505,439 5550,306 Commitments to make industrial loans 1,666 164 725 300 200 — — — —— — 135 92 F. 2. notes outstanding 25,525,033 1533*265 5*524,043 1691,331 2174,713 1793,61+4 1559*972 4559,516 1112,937 569,535 946,182 657 À96 3401,349 Collateral for F. R. notes hold by F. R. ..gents t Gold certificates 10,558,000 460*000 3,520,000 500,000 655,000 600,000 680,000 1590,000 300,000 ' 175,000 230,000 169,000 1649,000 Eligible pap^^ 154*790 ,9*775 110,725 5,250 — 2,500 — — 3,540 10,800 12,200 — ---- S. Govt, s/jcurities 15*330,102 1100,000 2,000,000 1200,000 1550,000 1225,000 900,000 3000,000 905,102 400,000 700,000 500,000 1900,000 } MATURITY DISTRIBUTION OF LOAMS .2-D sücuariiES Within l6 to 31 to 6l to' 91 days to 6 months 1 to 2 2 to 5 Ovdi Total 15 days 30 days 60 days 90 days 6 months to 1 year yo.ars yejirs 5 years 1 Discounts acid advances 214,340 .’ 145,760 48,475 10,310 10,295 — ---- --— Industrial .loans 1,882 1,773 1 4 53 3 13 13 ! 12 *•— U. S. G * ovt,; securities 23,353,692 2,733*555 3,553,504 4,333,150 5,507,321 1,640,1;00 44+32,140 507 £52 690,690 1/ After deducting $551,22?,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 11,1946} not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESEhVS BANKS COMBINED (In thous.ands of dollars) Increase or decrease since J$n. 9, Jan. 2, Jan.- 10, I9U6 1946 1945 - * A S S‘S I S ' Gold certificates 17,088,560 + 25,995 - 717,805 Redemption fund for F, R. notes 802,323 +'.. 1,964. t 191,333 Total gold certificate reserves 17,890,883 + 27,959 - 526,472 Other cash 277,548 + 45,ioo + 10,184 Discounts and advances 21ii,840 7,642 + 84,685 Industrial loans 1,882 ,57 2,007 U.S. Govt, securities*• Bills •12,566,189 - 94,490 +1,332,662 Certificates 8,810,511 -130,500 +3,923,871 Notes 1,535,100 - 8,000 - 33,121 Bonds -946,892 - 271,590 Total U. S. Government securities 23,858,692 -232,990 +4,951,822 Total lo*ns and securities 24,075,414 -2i*0,689 , « +-5,034,500 Due from foreign banks 110 - 26 F. R. notes of other banks 170,950 + 10,580 + 66,929 Uncollected items 1,981,365 -363,787 ♦ 194,320 Bank promises 33,376 -r . • 895 Other assets •59,675 - 4,275 + 1,156 TOTAL ASSETS 44,489,321 -525,112 +4,779,696 L I A B I L I T I E S Federal Reserve notes 21*, 1*84,899 ‘-149,969 +2,790,122 Deposits« Member bank - reserve account 15,821,635 78.501 +1,764,639 U.S.Treasurer - General account 757,818 - 13,335 •+ 230^017 Foreign 906,232 + 52,701 - 292,597 Other 400,407 - 45,250 + '9,451 Total deposits 17,886,092 - 8^,385 +1,711,510 Deferred availability items 1,520,416 -293,770 ■'+' 1771862 Other liabilities including accrued dividends 8,013 + 280 + CO vO TOTAL LIABILITIES 43,899,420 -527,844 +4,579,980 CAPI Ta L'ACC 0‘IJ N ? S ‘ * Capital paid in 5 178,250 + 913 + 13,346' Surplus (Soction 7) 358,355 + 130,202 Surplus (Section 13b) 27,428 +. .263 Other capital accounts * '25,868 + . 1,819 44,095 TOTAL LIABILITIES-AND CAPITAL ACCOUNTS 44,489,321 -525,112 +4,779,696 Ratio of gold certificate reserves to deposit and F.R.note liabilities combined 42.2fo + * .3f» 6.4% . Commitments to make industrial loans' 1,666 + 20 1,995 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. hf 284b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 9, I9U6 (In thousands of dollars) A S S E T S Total Bo's ton New York Phila. Cleve* .Rich. • Atlanta Chicago St*Louis Liinn,. Kans.Cy. Dallas !3anFran. Gold certificates 17,088,560 765,34b 5,390,682 841,115 1100,597 906,389 950,735 2684,658 558,^44 332,913 586,319 469,459 2501,805 Redemption fund for F.' R. notes 802,323 59,090 108,912 60,969 77,886 63,3^2 45,825 150,167 42,954 20*132 35.216 26,123. 111,707 Total gold certificate reserves 17,890,883 824,431* 5,499.594 902,084 1178,483 969.731 996,560 2834,825 601,498 353,045 621*535 495,582- :2613,512 Oth$r cash 277,548 22,618 49.339 18,648 23,523 20,292 25.326 32,400 15,731 7,103 13,624 11,698.. 37,246 Discounts and advances 21^,840 12,924 127,739 9.386 8,739 4,474 3,945 12,210 4,950 11,881 13,610 -*1,410 3,572 Industrial loans 1,882 110 1.723 — 49 --- — — — — — — U. 5. Govt, securities* Bills 12,566,189 683,995 2,66^553 760,026 1108,176 772,462 654,792 ;2573,412 530,626 313,688 532,024 414,547 1553,888 Certificates 8,810,511 605,913 2,206,874 666,693 842,032 552,464 456,781 1130,876 432,339 240,428 428,924 385,276 861,911 Efotes 1» 535,loo 105,572 384,515 116,161 146,711 96,259 79.587 197,038 75,329 41,891 74,733 67.128 150,176 Bonds 946,892 65,120 237;i7y 71,651 90,495 59,375 n 49,092 121,538 46,465 25,840 46,097 41,407 92,633 Total U.S,Government securities 23,858,692 1460,600 5,497.121- 1614,531 2187,414 11*80,560 1240,252 ;4022,864 1084,759 621,847 1081;778 *908,358 ;2658,608 Tota.1 loans and securities 24,075,414 1473,634 •5,624*360 1625,640 2196,153 1485,083 1244,197 i4035,074 1009,709 633,728 1095,398 909,768-*:2662,180 Due fjfom foreign banks 110 7 1/40 10 10 5 4. . 14 .3 . 3 .3 3 8 F.R. -notes of other banks» 170,950 5,611 2T,921 6,986 12,924 34,588. 14,309 17,077 9,611 5,984 9.962 5,847 26,130 Uncollected items 1,981,365 132,951 389,324 130.-332 180,401 137,-772 143,541 319.719 96,312 56,166 112,524 79,153 203,090 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 59.675 4,107 13.B39 4,100 5.763 3,504 . 3,219 8,401 3,468 1.585 ■ 2,853 2,559. 6,277 TOTAL ASSETS 44.489,321 2464,714 11,607,591 2691,113 3601,326 2653,741+ 2428,724 7250,616 1818,391 1058,877 1858,480 1505,432 5550,306 l/ After deducting $70,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis