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, Jan. 25? of the Federal Reserve System 24 not earlier. January I , 19^6. CONDITION OF THE JBDBRiiL RESERVE BANKS During the week ended January 23 member bank reserve balances decreased $286,000,000. Reductions in member bank, reserves resulted from increases of $306,000,000 in. Treasury deposits, vdth .Feder.al Reserve. Banks and $20,000,000 i-n Treasury cash and a decrease of $150,000,000 in Reserve Bank credit, offset in part by decreases of $1142,000,000 in money in circulation and $17,000,000 -in non­ member deposits and other Federal Reserve accounts and increases of $214,000,000 in gold’ stocked $8,^00,000 iii Treasury1 currency. Excess reserves of member banks cn January 23 were, estimated to be approximately $l,3l|.0,000,000. Holdings of United States Govern tent securities decreased $96,000,000 re­ flecting decreases, of $3l|i4,000, 00 0 in certificates and $3lt,000,000 in notes and an increase of $202,000,00© in b ills. Changes in member bank reserve b&lunces and related items during the week and the year ended January 23, I9U6, were as follows:' Increase or decrease since Jan. 23 19^6 (In m illions of dollars) U. S. Government securities 23,3la +JU,-721 Loans, discounts and advances 209 + 614 0thor Reserve Bank credit 371 - 8k .Total Reserve Bank crédit 23,922 - 150 +14,702 Gold stock 20,135 + 2 If - ¿36 Treasury currency U,385 + 8 + 256 ¿".ember bank reserve balancés 15,859 - 286 +l,77ii i.,oney in circulation 27,977 - 1I4.2 +2,802 Treasury cash 2,282 + 20 98 Tru.-.-sury deposits with F. K. Banks 570 + 306 + 99 Komr,ember deposits and other F.h.accounts i,7U5 - 17 56 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FoŸm F. R. 283c ST;iTEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 23,, 1946 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Clove. Ri ch. Atlanta Chicago St.Louis Minn. Kans.Cy . Dali? s SanFran. Federal Reserve notes 24,208 ,912 Ui46,315 5,290,402 1614,071 2059,995 1700,692 1456,963 4595,361 1047,850 546,494 902 ,149 607,112 5143,005 Deposits: 15,859 ¿12 712,394 .4,920,723 739,696 1192,375 703 ,208 743,096 2280,018 595,013 585,721 775,908 755,728 2005,552 - 577,706 27,706 103,099 28,696 46,894 52,842 28,019 125,128 59,9bb 54,ol44 1*4,472 52,035 54,829 £0reign 337,273 .51A97 1/307,019 65,951 75,375 57,555 30,185 106,1445 27,008 19,859 '26,214 25,419 66,788 Other hOl,953 4,697 507,999 3,266 8,019 5,547 5,599 7,172 10,794 2,353 532 1,497 48,123 Totsl deposits n ,676,shb 795,994 5,633,340 837,539 1321,163 776,952 804,699 2518,761 672,759 Uh2,482 347,176 314,677 2155,272 • 1,836,990 133,1445 522,115 94,352 147,439 145,311 180,650 275,927 87,174 47,1(47 110,112 97,293 191,74? accrued dividends 9,am 425 2,548 439 341 1j72 591 2,169 296 675 557 542 906 TOTAL LIABILITIES 1+3,732,087 2331,179 11,255,905 2596,951 5529,438 2621,907 2442,688 7190,713 1808,079 1057,098 1859,774 1519,424 5490,928 Capital paid in 179,11+6 10,703 65,348 13,280 18,002 7,521 6,520 21,584 5,704 5,914 5,397' 6,126 16,1*47 Surplus (Section 7) 358,355 22 ,¿439 116,860 .20,946 33,745 15,595 14,450 55,029 12,959 8,869 11,891' 10,670 28,924 Surplus (Section 13b) 27,428 3,012 7,205 4,501 1,007 3,526 762 1,429 527 1,075 1,157 1,507 2,142 Other capital accounts 29,657 2,395 5,906 2,451 2,553 2 ,14|2 2,277 5,071 1,965 1,306 2 ,007 1,990 2,794 TOTAL LIABILITIES 'AND CAP ITAL ACCOUNTS I4I+,326,673 2419,723 11,445,722 2646,129 3584,745 2650,589 2466,697 7269,651 1829,214 1052,760 1830,706 1559,517 554l ,235 Commitments to make industrial loans 1,587 164 643 500 200 — — ------- 135 90 F. R. notes outstanding 25,574,577 1523,095 5,525,154 1683,157 2155,565 1782,293 1546,008 4541i.,568 1106,360 564,455 942,845 646,721 3554,293 Collateral for F* R* notes held by F. R. Agents: Gold certificates 10,628,000 460,000 5,520-,000 500,000 635,000 60vJ,000 630,000 1660,000 300,000 175,000 280,000 169,000 1649,000 Eligible paper 137,^95 6,405 91,275 1,250 — 500 — — 7,540 12,100 18,425 ------- ------- U* S. Govt* securities 15,306,631 1100,000 2,000,000 1200,000 1550,000 1225,000 900,000 2900,000 931,651 ¿•00,000 700,000 500,000 1900,000 MATURITY DI£ITRIBUTIüN OF LOANS. i.ND SEClFRIT IE3 Within 16 to 31 to 6l to ' 91 day-s to 6 months 1 to 2 2 to 5 Ov’or Total 15 days 30 days 60 days 90 dDV& 6 months to 1 yoar years years 5 years Discounts and advances 207,145 175,455 17;,915 3,800 9,975 ------- - — ------- In dustria1 lo ans 1,343 1,747 2 4 ¿5 8 12 12 ------- U S. Govt, securities 23,341,336 4,333,070 2,005.,211 5,057,764 5,274,109 1,430.,500 4,c312 ,3^0 — 507,652 090,093 1/ x_fter deducting $529*833*000 participations of other Federal Rus*;rvo Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. Released for publication Friday morning;,' January 25,19^6; not earlier^ STATEMENT OF CONDITION OF THE TKELVE FEDERAL RBcEKVE BANKS CABINED (In thousands of dollars) Increase or decrease since Jan.- 23, Jan. 16, Jan, 2I4, 19U6 19U6 " 191+5 A S S E T S Gold certificates 17,163,565 ... - 625,800 Redemption fund for F.R/ notes .. 79k., k2b - 1,957. + 190,536 Total gold certificate reserves 17,957,989 - 1,957 - 1+35.26U Other cash 339,219 + 25,229 + ¿48,027 Discounts and advances 207, ilt-5 - 2,795 + 66,125 Industrial loans 1,8U3 + 17 2,050 U.S. Govt, securities: Bills 12,782,033 +281,8)47 +1,798,1814 Certificates 8,186,211 -3143,700 +3,289,571 Notes 1,U26,200 - 33,500 - 1142 , 021 Bonds 9I46,892 — - 2214,080 * Total U,S.4 Government securities^ 23,3^1,336 - 95,353 +14,721,6514 Total locEris and securities . 23,550,32ii - 93,131 +14,785,729 Due from foreign banks 110 6 F. R. notes of other banks 172,325 14,061 + 61t,820 Uncollected items 2,203,323 -106,363 + 88,966 Bank premises’ 33,360 . 18 1,185 Other asse t ts- 65,023 ' +" 2,628 + 1,293 TQTAL ASSETS 1.44,326,673 -182,673 +1+-, 552,380 L I A B'i L 1 T- I E 3 ■Federal Reserve notes 2U,208,912 -13U,038 +2,561,551+ Deposits: Member bahlk - .reserve account 15,859,112 -285,767 +1,77U,557 U.S.Treasurer - General account* •577,70^ +3,05,510 + 98,652 Foreign 837,273 ■+ 1,622 - 320,031 Other 1401,953 - 19,1-! 1+5 + 161,929 Total deposits 17,676,3UU + 1,920 +1,715,057 Deferred availability items l*, 336,99© - 51+*,19° . + 172,773 Other liabilities including accrued dividends 9,91+1 + 1,383 + 1,791 TGTaL LIABILITIES 143,732,087 -loli.,925 +14,1+51,175 * * * C A ? I T A L A C C O U N T S V. Capital paid in 179,11+6 + 309 + 13, 8I4I Surplus (¿ectiior. 7) 358,355 — + 130,202 Surplus, (Section 13b) 27,1428 — + 263 Other capital accounts 29,657 + .1,91+3 - 1+3,101 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1414,326,673 .-182,673 +U,552,380 Ratio of gold certificate reserves to deposit and F# R. note liabilities combined U2.# + .2% 6. Cf/o Commitments to make industrial loans i,5n- 7 307 ' 1,908 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

¿Form F. R# 28i|b STATEMENT OF CONDITION OF THE -FEDERAL RESERVE BANKS CE JANUARY 23, 131*6 (In thousands of dollars) A S S E T S Tctal Boston Now York Phila. ClûVvJ» Rich. Atlanta Chicago St.Louis Llinn.- Kans.Cy. Dallas: SanPrun. Gold certifieates 17,163,565 729,738 5,31+0,766 822,152 1112,861+ 895,766 951,735 2781,907 556,293 327,151+ 575,980 1160,836 2608,371+ Redemption' fund for F* R* notes 79l+»l+2l+ 58,-979 108,129 60,826 77,768 62,665 1+5,129 11+5,01+2 1+2,921 20,119 35,178 26,086 111,532 Total gold certificate rtfserves 17,957,989 788,717 5,1+1+8,895 882,978 1190,632 958,1+31 996,861+ 2926,91+9 599,211+ 31+7,-273 611,158 1+86,922 2719,956 Other cash 339,219 28,966 63,811 23,771 29,209 23,769 32,705 1+2,982 18,91+7 6,701+ 16,321 13,239 38,795 Discounts and advances 207,11+5 9,1+13 106,926 5,151 8,871 2,709 7,286 18,91+8 9,133 13,275 19,976 l,50l+ 3,91+8 Industrial loans 1.8U3 106 — 1,695 — 1+2 --- — — — — — — U.S. Govt* securities: Bills 12,782,033 719,376 2,7H+,252 803,893 1127,881+ 78l+,791 650,131 25I+9, &?9 556,378 331,282 586,821; 1+56,985 1500,608 Certificates 8,186,211 561,202 2,056,-61+3 618,977 779,81+7 512,855 1+21;, O7O 1051,215 1+02,-334 222,818 398,1+90 358,31+7 /99,413 N#tes 1,1+26,200 97,773 358,309 107,838 135,866 89,350 73,891 183,11+3 70,093 38,818 69,1+25 62,1+30 139,271+ Bonds 91+6,892 61+, 91I+ 237,891 . 71,596 90,205 59,3^2 1+9,052 121,593 1+6,537 25,772 1+6,093 l+i,1+1+9 92,i;68 Total 0J3#- Government . . . securities' 23,31+1,336 il+l+3i265 5,367,095 1602,30k ‘2133,302 114+6,318 1197,131+ 3905,580 1075,31+2 618,690 1100,832 919,211 2531,763 Total loans and securities 23.550.321; 11+52.781+ 5,l+7l+,021 1609,150 211+2,673 li+i+9,069 120l+,l+20 392I+,528 108l+,l+80 631,965 1120,308 920,715 2555,711 Due from foreign banks 110 7 1/ 37 10 10 5 1+ 15 3 3 * 1+ 3 9 F.R.notes* -of other banks 172,325 6,-37.6 2sr, 195 ■6,170 12,906 1+0,585 13,618 16,623 7,812 6,797 7,81+1+ • l+,702 26,-697 Uncollected items 2,208.,-323 137,551 1+13,1+1+1 116,039 199,017 171,823 215,977 31+6,913 110,91+0 56,937 118,897 110,021 211^667 Bank premises 33,360 1,352 8,671+ 3,313 3,979 2,762 1,568 3,K>8 2,053 1,263 2,59* 829 1,863 Other assets 65,023 3,975 li+,61+8 14,698 6,319 l+,H+5 3,51+1 9,1+13 3,760 1,818 3,083 5,086 6,537 TOTAL ASSETS 14+,326,673 21*19,728 H ,1+1+5,722-261+6,129 3581;,7l+5 2650,589 2ii66,697 7269,631 '1829,211; 1052,760 1880,706 1539,517 5541,235 1/ After, deducting'$73,000 participations cf other Federal Reserve Banks* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis