H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS -OP THE FEDERAL REoERVS SYSTEM (Released for Publication Friday morning, January 17; not earlier) F h 1 January 15, iOlf? CONDITION OF TNS'FEDERAL RESERVE BANKS During the week ended January 15 member bank reserve balances decreased $26,000,000, Reductions In member bank reserves arose from a decrease of $270,000,000.in Reserve Bank credit and increases of $10,000,000 in Treasury cash, $8,000,000 in Treasury'deposits with Federal R^i^erve Banks and $2,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by a decrease of $250,000,000 in money in circulation and an Increase of $36,000,000 in sold •stock* Excess reserves of member banKs on January 15 were estimated to be approx imately :$8lj0, 000,000. .of Holdings of loans, discounts and advances decreased Sit,000,000 and/United St Ates Government, securities &1*06,000,000 The decrease in holdings of United # S tates/seouritics reflects decreases of $292,000,000 in bills and $11].;,000,000 in certificates. Changes in. member bank reserve balances and related items-' during the week ind the year ended January 15, 'itykl, v;ere as followsi Increase or decrease since Jan. 15, Jan* 8, J mi, 16, 19U6 19U1 (In millions, of dollars) U, 8, Government securities 23,327 - ko6 HO Loans, discounts and advances - h + 32 Other Reserve Bank credit 555 •f liiO + 111 Total Reserve Bank credit 2U,i05 «. 270 + 33 Gold stock 20,567 •f 36 + Ii56 Treasury currency li,5So * l + 183 Member bank reserve balances I6,li3l » 26 • 286 Money in circulation 28,518 - 230 + 399 Treasury cash 2,201 + 10 + ?o s Treasury deposits with F f R. Banks kQ9 •f 8 + 137 llonmerriber deposits and other P R accounts 1,582 + 2 - 180 # # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

B,l*l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or deer •ease since January 15, Jem uary 8, January 16, 19I4.7 19U7" ; 19U6 A S S E TS Gold certificates 17,605,176 + 39,998 + 14*1,611 Redemption fund for P. R. notes 806,151 7,098 •9,770 Total gold certificate reserves 18,1*11,327 + 32,900 + U5i,38i Other cash 311,629 + 37,565 + 27,639 Discounts and advances 2ii2,9lii U,053 + 32,9714 Industrial loans 60it + 75 1,222 U. S, Govt, securities: Bills ll*, 837,390 291,91*5 ++22 ,337,2oii Certificates 7,380,512 - 1 Hi ,000 --11 ,1149,399 Notes 355,300 --11 ,10l|,l|00 Bonds 753,390 193,502 Total U. S. Goveriiment securities 23,326,592 - Uo5,9^5 110,097 Total loans and securities 23,570,110 - 1^09,923 - 73,3)45 Due from foreign banks 102 _.._ - 8 I\R. notes of other banks 175,567 + 1,511 8I9 Uncollected items 2,820,2U7 + 557,1*96 + 505,561 Bank premises 32,1*00 978 Other assets 1*5,508 + 1,1*78 16,887 TOTAL ASSETS 1*5,396,890 + 221,027 + 887,5144 L I A B I L I T I ES Federal Reserve notes 2it,6io,U5o - 183,116 + 267,500 Deposits j Member bank - reserve account 16,1431,322 25,Uoi + 286, II43 U«S„Treasurer-general account 1*09,163 + 7,765 136,967 Foreign 710,81*3 + 63,109 121*, 808 Other"' 256,539 6L7U6 161*, 8 59 Total deoosits 17,807,867 - 16,273 + 133,^3 Deferred availability items 2,285,73U + lilS,il|6 + ,39l4,55li Other liabilities Including accrued dividends 10,736 ++ 667799 ++ 2,278 TOTAL LIABILITIES 1*1*, 71)4,787 ++ 221199,,11443366 44-- 797,775 LiLp JLT U A C C O U N TS Capital paid in 187,985 + 365 4- 9,ll48 Surplus (Section 7) lt39,823 + 81,2*68 Surplus (Section IJb) 27, it 55 4* 27 Other capital accounts 26,81*0 + 1,226 871; TOTAL LIABILITIES AND CAPITAL ACCOUNTS li5,396,890 + 221,027 + 887,5lil4 Ratio of gold certificate reserves to deposit- and F. R note # liabilities combined li33).< £ .3% .7*' Contingent liability on bills purchased for foreign correspondents 7,79k 18 4- 1,19k Commitments to make industrial loans 8,156 75 4. 6,262 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. n. i(fe) STATEMENT OF CONDITION OP THE FEDERAL RESERVE BANKS ON JANUARY 15, I947 (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 17,605,176 753,181 5,479,974 825,621 1169,843 1003,117 91*8,508 2889,010 575,622 356,198 617,878 469,939 2516,285 F. R. notes 806,151' 55,315 123,013 60,603 77,319 60,094 46,010 151,290 16,355 21,323 33,9l±0 24,925 105,964 Total gold certificate reserves 18,411,327 808,ii96 5,602,987 886,224 12 7,l62 1063,211 994,518 3040,300 621,977 377,521 651,318 494,86a 2622,249 4 Other cash 341,629' 29,252 60,698 24,077 27,046 27,613 30,479 it2,9l6 18,739 6,381 19,110 16,777 38,5Ul Discounts and advances 242,914 22,101 84,265 14,534 26,698 9,839 7,397 27,064 9,953 12,413 7,176 6,255 14,412 Industrial loans 604 27 — 577 — U.S. Govt, securities; Bills 14,037,390 876,432 3,291,564 1025,922 1358,005 889,578 753,2U8 2767,575 676,544 402,993 660,206 524,969 1600,354 Certificates 7,380,512 493,471 1,886,686 5U5.099 657,070 455,457 332,710 946,151 395,077 215,092 352,258 329,630 716,803 Notes 355,300 23,997 90,826 26,2 1 31,632 21,926 18,424 45,548 19,019 10,354 16,958 15,868 34,507 U Bonds 753,390 50,883 192,590 55,61|2 67,073 46,492 39,067 96,582 40,329 21,956 35,953 33,648 73,170 Total U. S. Government securities 23,326,592 1449,783 5,461,666 1652,904 2113,780 liU3,453 Il93,u57 3855,856 1132,969 650,395 1065,380 904,115 2 32,834 U Total loans and securities 23,570,110 1471,911 5,545,931 1668,015 2140,478 1423,292 1200,854 3883,720 1142,927 662,808 1072,558 910,370 2447,246 Due from foreign banks- ' log 6 l/ 33 8 9 5 4 Hi 4 3 4 3 9 F.R.notes of other banks 175,567 6,497 26,227 7,112 13,060 41,817 17,076 19,045 8,585 5,5lf0 9i365 4,7H 16,532 Uncollected items 2,820,2l»7 218,058 590,335 154,287 281, V79 221,76? 180,547 479*762 11*2,022 74,08? 135,291 101,987 2 0,623 4 Bank presses 32,ii00 1,297 8,459 3,170 3,850 2,686 1,526 3,057 2,011 l,2l;0 2,521 795 1,788 Other assets 45,508 2,938 10,877 2,813 4,3H 2,777 2,654 6,1^8 3,026 1,192 1,978 2,161 4,633 : TOTxlL ASSETS 45,396,890 2538,455 11,845,547 27^5,706 3717,395 2783,170 2 27,658 7474,962 1939,291 1128,772 1892,645 1531,663 5371,621 4 l/ After deducting $69,000 participations ef other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

B.l4-l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 15, 191+7 (In" thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Clove. Rich. Atlanta Chicago St.Louis l.Iinn. Kans.Cy. Dallas SanFran. Federal Reserve notes 21+,610,1+50 ll+6o,975 5,608,773 1676,639 2097,908 1752,83l+ H+25,352 1+539*526 1106,771 588,901 915,699 593,956 281+3,116 Deposits: 'Member bank-reserve acct. 16,1+31,322 751,193 5,086,81+1+ 796,018 1219,398 738,572 767,9^2 231+1,076 625,1+H i+23,899 787,621+ 777,750 2115,51+5 U.S.Treasurer-general acct. 1+09,163 27, 1+85 9l+,227 '23,01+8 1+0,695 36,831 .20,309 52,1+78 20,330 18,1+29 21,1+65 21,695 32,171 Foreign 710,81+3 1+1+, 851 1/^36,81+2 56,1+21+ 6U,73l+ 3u,133 28,561 9l+,737 21+,361. 17,1+15 2i+,381 22,938 61,3U6 Other 256,539 3,229 168,362 - 2,126 11,780 5,9l+2 l,9o0 l+,l+05 8,1462 2,669 1+12 5i+0 1+8,652 Total deposits 17,307,867 826,758 5,586,275 877,616 1336,657 813,1+78 818,822 2,1+92,696 676,581+ 1+62,1+12 833,882 822,973 2257,711+ Deferred" availability items 235,731+ 206, l6l 1+3*+, 629 135,516 2l8,9u7 182,0140 15l+,390 31+3,1+26 128,1+63 59,267 117,776 90,51+9 209,561+ Other liabilities including accrued dividends " 10,736 61+1 3,017 506 8I9 720 379 2,1-70 362 269 365 368 820 TOTAL LIABILITIES U+,7ll+,787 2l+9l+,535 11,6327691+ 2690,277 365I+,33^^71+9,078~2l9979i+3~7383Tl 18 l9lii7l8Tlll0,8ll9~l367,722T507,8l+6 53Ti,2ll+ Capital paid in 167,9-85 11,117 65,870 ll+,018 18,iiii6 7,860 7,167 22,51+6 6,2ll+ 1+,136 6,226 6,892 17,1+93 surplus (Section 7) 1+39,823 27,557 136,51+9 3l+,72o 1; 1,39k 20,676 18,663 65,078 16,577 10,99?' 15,72o 13,777 30,106 surplus (section 13b) 27,1+55 3,012. 7,253 'l+,l+89 1,007 3,325 762 1,1+29 521 1,073 1,137 1,507 2,11+0 Other capital accounts 26,61+0 2,25^ 5,101 2,2p2 2,217 2,251 2,123 2,791 1,799 1,717 1,651 1,61+6 2,668 TOTAL LIABILITIES AND CAFITAL .ACCOUNTS -1(5,396,890 2530,1+55 11,81+5,51+7 271+5,706 3717,395 2783,170 21+27,658 7l+7i+,962 1939,291 1123,772 1892,61+5 1551,666 5371,621 Contingent liability or; bills purchased for foreign correspondents 7,79i+ 1+99 2/2,1+91+ 631 725 382 319 l,0o0 273 195 273 257 680 Coiraiitrierrcs to -make industrial loans 8,156 1,133 1,596 36' 381 i+,225 . 1+50 155 180 F. R. notes outstanding 25,5oi+,30!+ 1525,05a 5,800,1+68 1725,715 2176,535 1613,211+ ll+7l+, 816 1+676,213 lll+7/609 607,328. 9^+0,867 628,871 2960,081+ Collateral for F. R. notes held by F. R. Agents: Gold certificates 10,073,000 1+55,000 3,1+70,000 550,000 61+5,000 660,000 590,000 1720,000 300,000 169,000 280,000 169,000 1850,000 Eligible paper 63,650 13,365 29,785 3,1+78 3,050 — — 5,180 9,000 2,^00 2,1+00 U. S. Govt, securities 15,626,818 1100,000 2,500,000 1200,000 1550,000 1200,000 900,000 3000,000 951,318 1+25,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF L0..FS ,--.IvD SECURITIES Within 16 to 31 to ' 6l- to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days J,0 days 60 cays 90 days 6 months to 1 year years ye^rs 5 , r°> Discounts and advances 21+2,9II+ 81,922 2l+,952 118,190 17,850 Industrial loans [, 523 — 1+ 5 U+ 12 7 3k 6o IT. s. Govt, securities 23,326,592 3,281,333 l+,oiL.,82o 5,297,670 5,303,1+23 1,530,266 3,01+5,270 320,1+00 11+8,350 580,01+0 l/ .-.fter deducting $1+7 3, 680,000* participations of other F a da r.a T- Re : . rve Ranks. "2/ After ae-^'ct-ng $5,300,000 participations of ox her Fedora1 :.a,~...rvo -ariks . Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis