H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, January 3$ not earlier) H lul. January 2, I9I+7 # CONDITION OF THE FEDERAL RESERVE BAMS During the week ended December 3l» I9I16, member bank reserve balances decreased $391,000,000. Reductions in,member bank reserves arose from a decrease ef *78l(,000,000 in Reserve 'Bank credit: and; an increase; of $13,000,000 in Treasury c\ash, offset in part by decreases of $212/000,000 ih money in circulation,, $154,000,000' in Treasury deposits with; Federal Reserve Banks and $31,000,000 in n crime mb or deposits and other Federal Reserve accounts and increases of $7,000,000 in Treasury currency and $2,000,000 in gold stock. Excess reserves of member banks on December 31 were estimated-to be .approximately $560,000,000. and an increase .of $28,00.0,000,. in- certificates. Changes in member bank reserve balances and related items during the week and the year ended December $1, 19^6, were as follows* Inoreas-e or decrease since Dec* 31* Dec, 2If, Jan, 2, - I9U6 ^1946 I9U6 (In millions of dollars) U. S. Government' securities • 23,353 - 372 - 7U2 r Loans, discounts and advances l(k. - 177 - 60 Other Reserve Bank credit. 580 - '23U + h9 Total ReserVe*'Bank -credit- 21;, 093 «. 78U « 15k Gold stock 20,529 + : 2 + h6k Treasury currency h, 561- + • ' 7 + 209 Member bank- reserve balances 16,139 _ 391 + 239 Money in circulation 28,951' s. 212 + 1460 Treasury cash 2,271 + 13 - 35 Treasury deposits with F, R. Banks 393 - 15l| - 378 Koninember deposits and other FR accounts •l i1;,2^g2 9 - 51 - 363 t # # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.6,1(a) S T'-.vTEMSNT OP" C ONDITI ON OF THE TWELVE PEOSRtL fOJStifrVE lOn.KS COMBINED (In- thousands of a oilers) Increase or decrease since Docombor Jl, Decejnbor -2i;, January 2, I96S I9/46 1906 A 3 8 \E T S Gold certificates 17,537 ,.L77 + 52)4., 612 Redemption fund for v\ R. no l:es - IP .6,243 Total oold certificate reserves •IS,501,293 12 + ; 510 069' Other cash 267,090 + 31,255 + ) 35., 102 Discounts and advances 1.65,07^ -1770a 59:O 03 Indus trie.:! loans 550 + 9 - - «•; 1, 039 U. 8, Govt, securities: Bills lli,7i4d,003 -1.1.00,103 +2^ 05)4,, 3o0 Corti. f icates 7,li96,oa2 + 20,000 -0 , Z.p.f u i0 99 rotes 505,300 -1, ,187,, 800 Bonds - 193,, 502 7.53,390 Total U S. Goverrinient f socurlfi as 23,309,685 -372,183 - ' 7Ul,997 Total loans and securities ^,51-3^10 -5O0P33' • -a 802,739 Duo from foreign bop;as 1D2 8 F f h % notes of ochei\ banks 165,305 + 29,501 + 3,-015 Uncollected items o:,p-;0'»3/U -13P 037 + 254,122 Bonk premises .32,606 - - 113 970 other assets . iiO, dip) + 700. Z 15,501 TOleJ. US SETS 65,006,615 O ! . •'") '7 Q O - 8 02 0 Federal Reserve hotes 214,9)450011 -06,268 +• V10P36 Deposits: homier bank - reserve account 16,133,878 -390,«27 + 238,702 U. 3, Tre as u rer- pene ,. • a 1 aceo ount ' 592,869 -13U,193 - 378*,28ti. For si pro 508,01.6 - 11,689 - 505,515 Other' 315,o53 ^p,O03 - 152,019 Total den00its 17,353,601 -5717117 - 617,076 Deferred availability it elms 2,019,696 + 79,718 + 205,710 Other liabilities including accrued dividends - 7,62.6 + • 1,659 TOT^L LI ...01 LI TIES - 99.271 9JL,P-Ji. T A -L p* C 0 0 U N T S Capital paid in : 186,850 + 909 + 9,093 Surplus (Section 7) + 31,1; 68 + 3I,u68. Surplus (Section 13b') 27053 + 27 + 27 Other capital accounts - , '2).4..^,3 9y 1..2~ - 79,697 + ' 263 ToTAL LIABILITIES AND 0A?I To, L AG COUNTS l'%QQ6iJxl3 '-600786 8,020 x Ratio of void certificate reserves to deposit and F.h. note liabilities combined' '-U3• 55/6 ;$ r.6%. Contingent liability on bills 'purchased for f orei ori c orre s p endents 6, 567 36 6,507 Corniiutments to make industrial loans "8,309 6,663 ( 37 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H:l*.l(b) STATEMENT OF CONDITION OF' TIE FEDERAL RJSEKVE BANKS ON'DECEMBER 31, I946 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Gold certificates 17,587,177 726,779 5»o6l,375 658,1,45 H2ii, 166 1103,170 102A,326 3369,273 596,006 357,057 586,156 466,06423111,660 Redemption funa for F. R. notes 794,116 55,555' 121;,oos 61,009 Th620 59,9*4 46,254 136,644 46,156 21,560 54,018 25,005 106,275 Total gold certificate reservsl 13,581,293 762,334 5,185,385 919,154 1201,736 1163,084 *070,580 3505,917 642,462 378,417 620,171+ 491,067 2420,935 other cash 267,890 2o,53o 44,537 19,235 21,706 25,076 20,753 3l,56o 15,515 5,734 18,520 12,396 32,272 Discounts and advances 163,079 10,021 58,935 15,54? 15,010 7,316 5,737 13,291 4,921 3,1*13 7,954 4,368 '11,566 Industrial loans 550 27 523 U. S. Govt, securities: Bills U il Certificates 7,4-,? £otes Bonds Total U. S. Government securities" ~~23,349,635 lli6l,86o 5,799,794 1645,130 2178,326 1513,979 HliO,352 3455,402 1105,Hi9 636,140 1075,876 916,253 2619, WJ Total loans and securities ~ 23,513,314 1471,908 5,356,729 1661,200 2193,336 1321,295 1146,069 5li73,693.. 1110,070 659,553 1033,830 -922,621 2631,010 ; Due from foreign banks i 2 7 1/ "3^ ,3 9 5 4 lli 3 3 3 3 9 0 F.R.notes of other banks 163,335 5,697 19,682 3,181 10,325 37,399 14,290 22,944 9,669 4,356 7,535 4,815 17,562 uncollected items 2,599,574 195,426 576,230 157,815 227,56? 227,699 168,756 587,356 146,065 62.219 156,969 100,078 213,584 banK premises 32^,06 1,2 7 G,l*59 3,170 3,650 2,686 1,526 3,057 2,011 1,21*0 2,527 795 1,733 9 otner assets hs,'nk9 5,599 1,1,182 2,912. 4,520 2,746 2,61*1 .6,936 '3,199 X*h75 '2,308 . 2,555 J4,974_ TOTAL ASSETS i+5,oo6,l;l3 2478,854 11,704,486 2771,673 3663,201 2779,990 2424,599 7431,459 1950,994 1092,979 1871,91U 1554,150- 5522,15U l/ After deducting $66,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.iui(c; STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 31, I9I4.6 (In thousands of dollars) L I A B I L I T I ES Total Boston Mew Yo rk Phila. Cleve , Rich. Atlanta .Chicago St.Louis Minn," :Kans.Cy. Dallas SanFran, Federal Reaerve notes 24,945,304 1491,783 5,714,364 1699,277 2124,731 1781,923 1449,774 4575,144 1120,120 592,688 922,170 604,311 2871,019 Deposits: , '" - Member bank-reserve acct» 16,138,873 715,408 4,903,039' 818,125 1199,768 733,111 748,101 2566,137 607,536 •398,539 772,506 783,090 2095,668 U-^S. Treasurers-general acct. 392 ,869 29,866 .94,7,16 34,511 52,896 13,889 21,355. 65,227 21,768 20,505 19,010 19,791 13,835 508,016 50,769 1/18-9,873 39,555 44,320 22,398 18,109 63,860 16,203 11,914 15,727 15,250 40,058 Other 313,638 5,027. 224,947 2,424 10,896 2,317 1,814 4,305 9,338 2,527 635 869 43,541 Total deposits 17,355,401 781,070 5,412,575 394,615 1237,830 771,715 789,879 2499,527 "614~^5. 453V535 807,873 319,000 2201,032 Deferred availability items 2,019,896 161,770 362,569 122,031 137,075 192,135 156,051 265,651 130,928 48,639 116,746 (JO ,dOD 139,333 Other liabilities includii: "g accrued dividends 9,592 1+48 2,811 523 324 335 565 1,836 'J ^4 235 552 241 923 TOTAL LIABILITIES 44,327,993 2435,071 11,492,319 2716,501 5600,510 2746,158 2396,069 7346,208' 1906,057 1075,197 1847,126 1510,420 5262,357 Capital paid in 186,830 11,095 65,801 13,926 18,304 7,771 7,109- -22,435 6,103 4,071 6,167 6,365 17,133 Surplus (Section 7) 439,323 27,55? 136,549 34,720 41,394 20,676 13,663 65,073 16,577 10,997 15,729 13,777 33,106 Surplus (Section 13b) 27,455 3,012 7,253 4,439 1,007 3,325 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 24,312 2,119 2,564 2,037 1,936 2,060 1,996 2,309 1,736 1,641 11,,775555 11,,776611 2,343 TOTAL LIABILITIES AND '• CAPITAL ACCOUNTS 45,006,413 2478,354 11,704,486 2771,673 3663,201 2779,990 2424,599 7431,459 1930,994 1092,979 1371,914 1534,130 5322,134 Contingent liability on bi lis purchase :d ~ for foreign correspondent s 6,547 419 2/2;l3l 543 609 303 249- 377- 222 164 216 209 550 Commitments to'make indust rial loans 3,309 1,231 1,596 37 — 332 4,225 — 450 155 133 ( • '— F. R. notes outstanding 25,741,606 1537,175 5,376^605 1747,079 2191,395 1335,075 1503,304 4694,621 1160,309. 603,201 949,614 641,294 2996,936 Collateral for F. R* notes .... held by £'• R.. Agents: Gold certificates 11,053,000 455,000 3,,4?o ,000 550,000 645,000 760,000 615,000* 2020,000 300,000 109,000 230,000 169,000 1600,000 Eligible paper 12,812 1,235 2,630 4,217 — 300 , 280 — 5,450 — 100 U. S. Govt, securities 15,226,565 : 1100,000 2,500,000 1200,000 1550,000 1100,opo 900,000 2700,000 951,565 425,000 700,000 500,000 loOO,000 MATURITY DIST' RIBUTIOK OF-LOANS AI-D SSCURI T IBS "-'• "— •»•'• V .• 1. • )M" Within 16 to 31 to 6l to- 91 days to 6 moni ths 1. to 2 2 to 5 Over Total 15 d iays JC ) days 60 days 90 days 6 months to 1 y rp f.i v» years years 5 years Discounts and advances 163,079 12, 552 2,505 116,332 .. .31,640 • — . - 4 —r- - Industrial lo ans 550 470 4 1, >' 5 14 12 7 34 • S. Govt, securities 23,349,635 2,395, 120 3,419,195 6,373,635 4,683,157 1,300,906 3,613, 332 32 0 ,4^0 143,350 580,040 l/ After d teducting $317,363, 000 participations of other Federal R':^ S G "'"V*0 rt a.nks. 2/ After deducting 34,366, 000 participations of. other Federal Reserve E laiiKS • Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis