H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF (X)VER!JORS OF THE FEDERAL REdEaVE SYSTEM (Released for Publication Friday morning, December 20; not earlier) ; December V), lyl+6 CONDITION QF TNE FEDERAL RESERVE BARES During the week ended December 13 member bank reserve balances increased $53 ,000,000, v Additions to member bank: reserves arose from decreases of $339 ,000,000 in Treasury deposits with Federal Reserve Barks, $62,000,000 in . : ; Treasury cash and '$97,000,000 in nonmember deposits and other Fedcra 1 adsorve' accounts, and Ineiaases of." $2'7 ,*0O0,000 in ^old- s lock; and 83*000,000 in treasury currency, off set. impart by a decrease of $F.63,000,000 in d.esorve Bank creek ^ and an Increase of $73^000,000 in money in circulation. Excess reserves of member banks on Decemberi13 were estimated to be approximately $750 ,000,000. No] nr s 0^ lo' n , di. ^ ll tw, 1 . ' o"< 1 • s j r^ \o . $l7,0OC,uO0 - Ril C 1 3ldiv 3 of n „ 1 « x "aarrir * t f- n.m . } ' r , . ^ ] /,D~u,0Co, ^n. us u 0 er s r hoi jj \, o1 dm m /* ,( o -n v „ ° ana r ii , a a . jf k ?r/,,0,J0o,UUJ iu r ;a a ^/^i^.^JJu i " all:, r , - 1 1 r . op ci/,u.,u,0o0 X 1 n ^ rtj fi r t^s. ehnmpos in member V)ank re servo balances >ana relet: a items eurine tho week and the year ended December 13, I9I46, were as follows: Ihcrehi.se or' doer': since Dec. IS, ;c- 11, Dec, 19, io|,6: 194 5: (1 n mi 11 i on s e f d o 11 a r s)' d. S Government securities' .., k3,;Ell 917 # Lcans , di s c ount s and ad"v anc e s 3 0l|. 13: Oaher Reserve Bank credit''' Bill S3 7 ~ 13 Total Reserve Bank credit! 2l ,y28 : "" 5^9 4 Gold stock . RO,e77 + e /( 4- U1I T re a s u r y c u r re n c y , 1;, a el; + 3 •f 228 Re mb e r b auk r es e rve b a1anc e s 16,5^7 + -4 p. + 611 I;! en -; - y i n c i r c u 1 a t i on 2R, 019 + 73 + IX'XL Treasury cash } 2,ROD - ex- \ > r ;^Q 'ea-'AGury deposits with F.: R. Banks : 237 - 369 eei • *" No re scalar deposits' and othe'r F..R.Recounts 1,379 '•» 97 Soi Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H^iu 1( a) STATEMENT OF CONDITION OF THE TWELVE FSLSRAL RESELLS ?ANKS coi/iBmD (In thousands of dollars)- Increase or decrease since December 16, December 11, December,. L9* . I9.I4.6 I9ii6 19U5 A S S E TS Gold certificates 17,589,178 + 85,002 + 521,613 Redemption fund for F. ' R. notes 793,736 + 2,312 : - 1,650 Total ,?roId certificate reserves 13,382,9114 + 87,3114 + 519,963 Other cash 250,3^9 > - 7,210 + 1 5h/J2h Discounts and advances 302,953 + 13,003. - 56,902 Industrial loans 579 . - 553 - 1,676 IT, S. 0 o v b s e 0 u r 11 i e s • f Bills - 1U,655,277 , - 39k,682 *2 ,169,216 Certificates 7,a7,oi2 • + •17s 000 - .668,^9 Potes 355,300 - 539,800 -1 ,76u, 350 Bonds 753,390 193,502 Total U S, Government' # securities 23,210,979 - 916,832. . U57,085 Total loans and securities 23,5114,511 . - 90Ui32 - 515,663 Due from foreign- banks 102 - 8 F. R. notes of other banks- • -133,hoi ,+ 3,()h6 • + 2,013 Unco I lee ted items 3,235,371+ ; + 915,235 + 571,227 Bank premises 32,538 , + 2 - 1,115 u t h. e r a s s 01 s C46,-002 - 5,871; - 15,115 TOTaL ASSETS 1:5,6147,691 + 90,981 + * •596,028 hJL^ ]-Ll L J T x s s Fedo'ral Reserve notes 214,963,181 + 66,690 + 299,981 Deposits: Member bank - reserve account 16,516,786 ' + 37,597 + 610,852 U»S # T r G a s u r e r ~ go ne r a 1 ac c o\ mt 236,807 • - 385,791 - ii3i,U33 Foreign ; y- J, ^J> l;li,232 - 318,039 Other '- ^ linn -• 195,615 Total deposits 17,523,529 -• 1455,826 - 38A,235 Deferred availability items 2,l;71,67li; + 1*78,510 4- 58u,l)r3 Other liabilities including accrued dividends ; ** . ,n, 799 "- ' 156 + * 2,893 TOTAL LIABILITIES lilt, 975,183 + 89,218 + 502,787 CA P I T AL A O C O U N TS Capital paid in , * . . ,' . 185,^43- _, + . 385 . + 10,650 Surplus (Section 7) -358,555; + 130,202 Surp lus ( S;.,Qti on ljb) 27.U28' + 263 Other capital accounts 103,08-2 + 1,578 l- U7,,37ii TOTAL LIABILITIES AND CAPITAL ACCOUNTS ^ ^5,^7,69!' + 90,901 + ' 596,028 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined U3*3% ,0/0 + 1.3% Contingent liability on bills purchased for foreign correspondents 6 s 'hh3' ' 28 + 6,hh3 Commitments to make industrial loans 8,331' 34 * 5,361 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HJi.X(b) STATEMENT-^OF. CONDITION OF THE FEDERAL RESERVE. .BANES"ON- DECEMBER 18, 191*6 ( In-thousands of d'ollars) A S S E TS Total Boston ' New York' •Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Gold certificates 17.589,178 7U9#851 5,521,681* 86l*, 629 1075,673 1081,31*1* 986,^00 3092,1*20 • 580,212 333,007 561,319 U.63,6'57 2278,782 Redemption fund for F. R. notes .793,736.55,627. 121;,317 61,136 . 77,721 53,505 1*6,331 136,791 1*6,1*90 . 21,371* 3l*,Ol*6 25,027.106,371 Total gold certificate reserves 18,382,91U 805,1478 5,61*6,001 925,765 1153,391* H39,8li9 1032,731 3229,211. 626,702 351*,381 595,365 1+88,881* 2385,153 Other cash .250,81*9 21,01*8 1*8,621* 19,226 17,955 21,312 20,001* 23,831* 13,555 5,1*61* 16,355 10,805 27,167 Discounts and advances 302,953 19,311* 65,820 21*,675 1*8,378 20,31*9 13,29V 25,815 '30,120.' 20,933 Hi,370 6,750 12,635 Industrial loans 57a [jfi -— 531 —- —- —_ _— U. S. Govt, securities: Bills.:: 11*,655,277 322,OSS 3,515,122 99^,523 1391,807 793,186 700,698 2517,029 615,875 366,922 61*7,589 1*1*9,268 1836,170 Certificates 7,1:1*7,012 551,190 1,878,171 535,21*9 627,559 1*1*5,188 378,773 91*5,1*79 1*10,398 226,71*6 370,008. 372,686 705,565 Notes . ' 355,300 26,293 89,608 25,537 29,9m 21,21*0 18,071 1*5,109 19,580 10,813 17,651* 17,731 33,663 Bonds, : 753,390 '55,762 190,008 5U,iu9 65,1*83 1*57059 58,319 95,651 1*1,519 22,959 37,1*33 37,705 71,380 Total U. S. Government : ,. , . • . • • . securities 23,210,979 11*55,338 5,672,909 1609,1*58 2112,795 1309,653 1135,861 3603,268 1087,372 627,1*25 1072,6814 877,1*38 26^6,778 Total loans and securities 23,511*,511 11*71*,700 5,-733,729 1651*,661* 2l6l>673 :1330,002 lll*9,155. 3629,083. 1117,1*92 61*8,358.1087,051* .881*, 138 2659,1*13 Due from foreign banks 102 5 -l/h6 7 -8 1* 3 11 3 2 3 3 7 F.R.notes of other banks 133,1*01-••' - l4->956 •15,097: 5,968 7,-817 . 30,658 l!*,l76. 15,907... 8,100 1*,1*37. . 7,275- ' 3,732 ll*,278 Uncollected items 3,285,371* 228,079 61*6,266 181*,855 556>2io ...300,875 213,192 51*0,319 ' 162,350 80,052 152,563 131*, 611 235,502 Bank premises • ,: 32,538 1,301 8,1*77 3,182 3,886"' 2,693 1,529 3,061* 2,013 1,27!* 2,527 798 l,79l* Other assets . 1*8,002 3,826 11,11*3 3,51*9 1*,H9 2,737 2,1*32 6,1*36 3,062 1,1*61; 2,21*5 2,219 1^,770 TOTAL ASSETS 1,5,61*7,691:2539»393 12,115,383 2777,216 3705,062 2823,630 21*33,222' 71*52,865 1933^777 1095,1*32 1863,387 1525,21*0 5378,081* ' l/After •"deducting--$56,000 participations of. othesr .FederajL Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HJ+.KC) STATEMENT OF CONDITION OF THE FEDERAL RESERVE RANKS ON "DECEMBER 18, 1946 (In thousands of dollars) L I A B I L I T I ES Total Boston Nov/ York Phlla. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,963,181 1492,713 5,685,030 1700,386 2135,022 1789,350 1456,952 4575,352 1122,169 592,365 920,163 609,928 2833,746 Deposits* Member bank-reserve acct. i6,516,786 767,307 5,200,897 812,952 1196,9144 744,648 734Ji4 235Q,4?4 621,809 4l8,497 781,492 765,482 2121,570 U.S.Treasurer-general acct. 236,307 1,015 226,803 1,076 579 500 870 496 1,596 1,011 758 505 1,598 Foreign 525,969' * 32,883 l/l35,749 42,297 47,393 23,951 19,365 68,287 17,327 12,740 16,817 16,307 42,853 other 243,?67 5,275 160,160 3,301 7,345 3,173 1,667 4,574 7,953 l;6oo 1,683 1,598 45,638 Total deposits 17,523,529" 80b,4S0 5,773,609 859,626 1252,261 772,272 756,616 2423,831 643,685 4-33,31.03 800,750 733,892 2211,659 Deferred availability items 2,471,674 -196,027 441,558 161,563 253,881 232,682 190,706 360,382 137,676 50,995. 117,384 107,344 221,676 Other liabilities including accrued dividends . 14,799 7*48 4,585 379 1,377 599 589 2,563 - 502 536 491- 504 1,426 TOTAL LIABILITIES 44,973,183 2495,968 11,904,732 2722,254 3642,541 2794,905 2404,863 7362,123 1909,032 1077*744 1338,793 1501,668 5313,507 Capital paia in 135,643 10,944 64,971 13,923 18,236 7,799 7,071 22,544 6,104 4,025 6,l49 6,831 17,196 Surplus (section 7) 353,355 22,439 ll6,36o 23,946 33,745 15,593 14,450 53,029 12,939 3,369 11,391 10,570 23,924 Surplus (Sootier. 13b) 27,423. 3,012 . 7,205 4,501 1,007 3,^6 762 1,4.29 527 1,073 1,137 1,307 2,142 other capital accounts .. 103,082 7,050 '21,565 7,592 9,435 7,009 6,076 13,935 5,175 3,721~ 5,417 4,764 11,315 ; TOTAL LIABILITIES AND _ ~ CAPITAL ACCOUKTS 45,647,091 2539,393 12,115,533 2777,216 3703,062 2328,630 2/133,222 7452,865 1933,777 1095,432 1863,387 1525,24-0 5373,034 Contingent liability on bills purchased fjr foreign correspondents 6,Z*43 4l2 2/2,l46 535 599 503 245 863 219 l6l 213 206 54-1 Cornird truants to make Industrial loans 3,331- — — 1,275 1,534 37. — 382 4,265 — 450 155 133 F. R. notes outstanding 25,630,096.1525,956 5,324,530 1745,060 2l34,o4l 1339,633 i49e,174 4670,310 1150,862 606,079 945,052 639,035 2995,314 Collateral for F. R. notes - - . . ,, held by F. R. Agents: Gold certificates : 10,94-3,000 455,000.- 3-,4?0,000 540,000 645,000 700,000'" 605,000 2000,000 300,000 134,000 230,000 109,000 1600,000 Eligible paper 106,070 10,015 17,435 12,615 — 13,520 — — 25,130 17,300 9,575 —- 4.30 U. S. Govt, securities1 15,275,161 1100,000 2,500,000 1200,000 1550,000 1150,000 900,000 2700,000 950/l6l 425,000 700,000 500,00J 1600,000 - . MATURITY DISTRIBUTION. OF "LOANS z.ND SECURITIES ^Tvithin 16 to 31 to 6l to 91 days to 6 months 1 to 2 2 to 5 Over Total I5 days 30 days 60 days 9Q days 6 months to I year years yea rs 5 years Discounts and advances 302,9,53 .162,156 7,l35 17,642 115,970 - ~ Industrial loans "579 '525- ™ 1 • 2 6 4 7 34 u .. o <• Govt, securities 23,210,979 3,606,521 .-2,153,145 6,392,173 5,134,612 1,312,906 3,557,332 320,400 143,350 530,040 l/ After deducting $339,906,000 participations of :>ther Federal Ros/?.rv3 Bt i±s* 2/ After deducting $4,297,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis