H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR TH& PRESS Released for publication Board of Governors Friday morning, Feb. 15; of the Federal Reserve System not earlier. February 1)4, I9U6 CONDITION OF'THE FEDERAL RESERVE BANK'S During the week ended February 13, member bank reserve balances decreased $24,000,000. Reductions in member bank reserves resulted from increases of $148,000,000-in treasury deposits with Federal Reserve Banks and $38,000,000 in money in circulation, offset in part by increases of $93,000,000 in Reserve Bank credit and $11,000,000 in Treasury currency and decreases of $5,000,000 in Treasury cash and $53,000,000 in nonmember deposits and other Federal Reserve accounts. Excoss, reserves of member banks on February 13 were estimated to be approximately fcl,240,000,000. Holdings of loans, discounts and advances increased $122,000,000 and of United States Government securities $26,000,000. The increase in holdings of United States Government securities reflects an increase of $125,000,000 in bills and decreases of $97,000,000 in certificates and $3,000,000 in notes. Changes in member bank reserve balances and related items during the week and the year ended February 13, 1946, were as follows» Increase or decrease since Feb. 13, Feb. 6, Feb.' 14, 1946 1946 1945 .(In millions of dollars) U. S, Government securities 23,255 + 26 +4,072 Loans, discounts and advances ' 415 * + 122 + 179 Other Reserve Bank credit 268 - 54 - 234 Total Reserve Bank credit 23,933 + 93 +4,015 Gold stock 20,15V - 350 Treasury currency 4,424 11 + 300 ivlemb,er bank re-serve balances 15,693 24 +1,671 Money in circulation 2.7,967 38 +2,434 Treasury cash 2,301 - 5 - 88 Treasury deposits with F. ■ R# Banks 864 + 148 + 317 Nonmernber deposits and other F. R# accounts 1,689 - 53 - 369 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 13, 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 Sfc.Louis Minn* Kans.Cy. Dallas SanFran. Federal Reserve notes 24,155,038 1449,53^ 5,281,526 1614,768 2054,572 1692,262 1453,057 4397,612 1046,588 548,028 900,565 602,548 5114,578 Deposits: Member bank-reserve acct. 15,693,102 686,423 4,350,463 779,724 1148,216 708,951 757 »403 2270,411 601,996- 581,454 776,509 754,675 1996,877 U.S.Treasurer-general acct. 864,040 95,454 256,469 68,160 77,149 43,739 30,216 81,836 40,830 54,541 25,528 5U,085 76,255 Foreign 749,834 4-5,714 l/276rii4l 58,866 65,953 33,33b 26,951 95,037 24,114 17.731 25,405 22,695 59,588 Other 423,312 3,887 331.581 3,178 3.965 3,04-8 2,647 5,393 9,444 5,901 1,765 1,005 47,598 Total deposits 17,730,288 831,478 5,715,354 909,928 1300,288 739,072 817,217 2453,177 676,384 437,427 827,207 792,460 2180,296 Deferred availability items 1,685,762 127,71 1 2o2,/55 105,3u2 '157,489 126,732 129,494 261,100 74,050 43,268 94,967 83,877 218,257 Other lia b ilitie s including accrued dividends 10,314 479 2,55? 603 1 ..019 551 429 2,12C 397 511 409 319 920 TOTAL LIABILITIES 43,581,402 2409,202 11.262,537 2631,166 3513,363 2603,617 2400,197 7114,005 1797,419 1029,234 1822,948 1479,004 5513,851 Capital paid in 179,965 10,720 65 ,r7o 13,399 13,075 7,367 6,654 21,450 5,724 3,952 5,9H 6,246 16,511 Surplus (Section 7) 358,355 22.459 116,850 28 .>46 3'j ,7^-5 !5,595 14À50 55..029 12,959 3,369 11,391 10,670 28,924 Surplus (Section 13b) 27 »423 •3,012 7,205 4/,ol 1,007 5132Ö 762 l.4?9 527 1,073 1,157 1,507 2,142 Other capital accounts 35,608 2,789 5/;c !• 2 ,'?22 3,068 2,779 2,535 4,127 2,206 1,967 2,286 2,240 5*675 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,182,753 2443,162 11,455,492 2680,834 3569,265 2657,682 2424,648 7194,044 1818,815 1045,075 1844,175 1499,467 5565,103 Commitments to make industrial loans 1,581 164 — 660 500 200 — — — — — 178 79 F. R. notes outstanding 25,200,094 1515,652 5,511,804 1680,600 2155,495 1777,907 1518,552.4508,295 110*6,754 560',917 957,238 644,218 3304,706 Collateral for F.. R. notes held by F. R. Agents: Gold certificates 10,693,000 46o,000 5,520,000 500,000 655,000 60-0 ,000 655,000 1760,000 500,000 165,000 280,000 169,000 1649,000 E ligible paper 272,350 19.-850 181,155 11,090 ------- 5,600 — — 5,000 14,800 27,375 ------- 12,000 U. S, Govt, securities 15,201,267 1100,000 2,000-000 1200,ono 1550 .-000 1225 >000 900,000 2800,000 926,267 4oo,000 700,000 500,000 1900,000 MâTJîîIT/ DISTRIBUTION OF LO;aJS AND SECURITIES Within l 6 to 31 to 6l to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 dnyd 30 days 65 days ’ 90 d.c.ys 6 months to 1' year years years 5 yeara Discounits and advances 411,015 339.01*5 26,800 8,000 57,140 Industrial loans 1,751 1,560 1 47 3 21 90 15 11 U. S. Govt, securities 23,252,687 2,383,244 3,068,955 5,420,599 4,469,429 1,720,640 4,491,700. 507,652 690,690 l/ After deducting $475,057,000 participations of other'Federal'Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. K. 283a Released for publication Friday morning, February 15-, 191*6; n°t earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Feb. 13, Feb. 6, Feb. Il*, 19U6 I9U6 191*5 ii S b E T b Gold certificates 17,188,565 «... - 506,300 Redemption fund for F.R. notes 79U.U08 17 + 169,267 Total gold certificate reserves 17,982,973 - ' 17 - 337,033' Other cash 31*7,008 - 2,191 + 71*, 995 Discounts and advances 1*11,015 +122,000 + 180,510 Industrial loans 1,751 11 2,122 U, S. Govt, securities: Bills 13,060,381* +121*, 937 +1,521*, 233 Certificates 7,81*3,711 - 96,500 +2,911*, 571 Notes 1,1*01,700 - 3,000 - 16¿*,021' Bonds 91*6,892 -- - 203,1*80 • Total U* S. Government securities1 23,252,687- + 25,1*37 +U,071,303 Total loans and securities 23,665,1*53 +11*7,1*26 +1*, 21*9,691 Due from foreign banks : no' 6 F. R. notes of other banks 137,670 - 11*, 372 + 69,818 Uncollected items 1,953,1+32 + 23,687 - 261*, 156 Bank premises 33,306 + 1 1,170 Other assets - • -62,*806• + 2,251 63I* TOTAL ASSETS 1*1*» 182,758 +156,785 +3,791,505 L I A B I L I T I E S Federal Reserve notes 21*, 155,038 + 5,568 +2,201*, 552 Deposits i . Member bank - reserve account 15,693,102 - 23,596 +1,671,168 U.S.Treasurer - general account 861*-,0l*0 +11*7,813 • + -3.16,797 Foreign 71*9,831* - 78,35U. - 521,375 Other 1*23,312 ■ + 25,179 + h5>93h Total deposits 17,730,288.' + 7i,ol*2 +1,512,521* Deferred availability itoms . .1*695,762 + 78,61*6 — 29,883 Other liabilities including "accrued dividends 10,311* + 31 + 1,730 TOTAL LIABILITIES 1*3,581,1*02 +15I*, 687 +3,688,923 C A ? I T XV L A C C 0 U N TS Capital paid in 179,965 + 180 + 13,919 Surplus (Section 7) 358,355 -- + 130,202 Surplus (section 13b) 27,1*28 -- + 263 Other capital accounts . 35,608 .. + 1,918 — - 1*1,802 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*1*, 182,758 . .+156,785 +3,791,505 Ratio of gold certificate reserves to deposit and F.R#note liab ili bies combined .1*2.# <1% - -5.# Commitments to make industrial loans 1,581 2? 1,927 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form f»R, 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANK'S ON FEBRUARY 13, 191*6 (In thousands of dollars) A S S E T S Tot&l Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn.- Kans.Cy. Dallas SanFran* Gold certificates 17,188,565 738,1*89 5,393,911* 813,881 1089,508 907,312 986,229 2762,161* 580,231 321*, 501 576,303 1*61,931* 255!*, 099 Redemption fund for F♦ R.notes 79h,hod 58,978 108,121 60,825 77,768 62,661* 1*5,128 11*5,01*2 1*2,921 20,119 35,177 26,085 111,580 Total gold certificate reserves 17,982,973 797,1*67 5,502,035 871*, 706 1167,276 969,976 1031,357 2907,206 623,152 31*1*, 62o 611,1*80 1*88,019 2665,679 Other cash 31*7,008 32,957 6i*,33l* 21*, 002 28,397 27,269 33,599 1*1*,309 17,382 6,027 16,800 11,229 ¿*0,703 Discounts and advances 1*11,015 22,730 196,120 H*,825 51*, 070 5,715 7,190 1*3,830 1*,530 15,925 28,860 1,1*1*0 15,780 Industrial loans. 1,751 106 1,606 -- 39 ... «... .... U. S. Govt, securities:•• Bills 13,060,381* 736,752 2,7l4l*,57i* 1157,21*1 795,760 662,91*1* 2567,815 565,620 3i*7,2oo 576,002 1*61*, 951 1581*, 088 857,1*37 Certificates 536,730 1,973,861* 592,827 71*5,883 1*91,151* 1*06, ll*2 1007,1*82* 385,832 213,188 381,796 31*3,51*9 765,212 7,81*3 ,711 Notes 1 , 1 * 01,700 95,921* 352,736 105,91*1 133,292 87,770 72,580 180,0l*l 68,950 38,098 68,229 61,393 I36,7i*6 Bends 91*6,892 61*, 800 238,281* 71,566 90,01*3 59,291 1*9,030 121,621* 1*6,573 25,736 1*6,091 "1*1,1*73 92,376 Total U.S.Government securities 2 3,252,687 11*31**256 5,309,1*58 1627,771 2126,1*59 11*33,975 1190,696 3876,961* 1066,980 621*, 222 1072,118 911,366 2578,1*22 Total loans and securities 23,665,1*53 11*57,092 5,505,578 161*1*,202 2180,529 11*39,729 11-97,886 3920,791* 1071,510 61*0, il*7 1100,978 912,806 259!*,202 Due from foreign banks 110 7 1/ 37 •9 10 5 1* 15 h 3 1 3 9 * F.R. notes cf other banks 137,670 ¿*,2*99 13,81*6 3,930 8,215 1*3,889 12,157 9,975 6,796 1*,1*1*5 5,151 3,1*19 21,31*8 Uncollected items 1,953,1*32 150,576 31*6,792 126,379 171*, 268 150,01*1 11*1*, 602 300,1*61 9!*, 21*7 1*6,928 loi*, 098 80,365 23!*, 675 Bank premises 33,306 1,31*8 8,656 3,301 3,979 2,762 1,565 3,111 2,051* 1,262 2,585 826 1,857 Other assets 62,806 ¿*,216 11*,211* l*,3o5 6,589 1*,011 3,1*78 8,173 3,67t 1,61*3 3,077 2,800 6,630 TOTAL ASSETS 1*1*,182,758 21*1*8,162 11,1*55,1*92 2680,831* 3569,263 2637,682 21*211,61*8 719^,01*1* 1818,815 101*5,075 18l*l*,173 11*99,1*6? 5565,103 l/ After deducting $73,000 participationsi of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis