H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD. OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, January Jl; not earlier) H.U.I January 30, ±9^7 CONDITION OF THE FEDERAL RESERVE BANKS During the Iweek ended January 29 member bank reserve balances decreased $18ij.,000,000. ./" Reductions in member bank reserves arose from increases of $6714,000,000 in Treasury deposits with Federal Reserve Banks, $30,000,000 in Treasury cash, and .$16,000,000' in nonmember deposits and other Federal Reserve accounts, offset in part by increases of. $313,000,000 in its serve Bank credit and $116,000,000 in gold stock and a decrease of $10l|,000,000 In money in'circulation. Excess re serves of member banks on January 29 were estimated to be approximately $700,000,000* ' Holdings of: loans, discounts and advances increased $79/000,000 and of United States Government securities $1I33,000,(JOO. The increase in holdings of United States Government securities reflects an increase of $502, OCX3 ,000 in bills and a decrease of $69,000,000 in certificates. Changes in member bank reserve balances and related :LtemS during the week ( and the year ended January 2a, ..I9I4.7, '^re' as follows: Increase or decrease since Jan. 29, Jan. 22, Jan. 30, I9ill 191+7 I9U6 (In millions of dollars) U. S. Government securities 23,363 ' + [j.33 + Loans, discounts and advances 313 + 70 + 5 Other Reserve Bank credit 33I; - 193 + ^5 Total Reserve Bank credit 21)., 51I4. ' + 513 + 616 Gold stock 20,308 +116 "+ 651 Treasury currency 1-4,559 — + 155 Member bank reserve balances 16,12[|. - 18^ + ^3 iUoney in circulation 28,265 - 10u + 351 Treasury cash 2,325 + 30 + 30 Treasury deposits with F. R. Banks 1,536 + 67I4 + 77^ Nontnamber deposits and other F. R. accounts 1,633 + 16 - 172 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E,!i.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDEEAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since. January 2o, January 22, January 30 19^7 • i?k7 19U6 A S S E TS Gold certificates 17,829,178 + 97,998 + 61+0, 613 Redemption fund for F. R. notes 797,720 - U53 + 3,296 Total gold certificate reserves 18,626,398 + 97,5)45 + 61*3,909 Other cash 372,863 •f 9,621 + 16,753 Discounts and advances 316,89I+ + 78,877 + 6,86b Industrial loans 563 + 29 - 1,220 U.S. Govt, securities: Bills 15,57^,218 + 502,210 +2 ,685,9814 Certificates 7,180,012 - 69,500 - 876,699 Notes 355,300 _„ -1 oi+9,l*oo f Bonds 753,390 — 193,502 Total U. S. Government 23,862,920 + U32,7io ++ 566,333 To/tal loans and securities 21,180,377 + 511,616 + 572,027 Due from foreign banks 102 -«, - 8 F.R. notes of other banks 167,268 - 14,713 + 7,539 Uncollected items 2, if 05,155 - 1+23,71+3 + 388,iah Bank premises 32,3^3 - 56 - 986 Other assets 52,565 + 3,307 - 13,975 TOTAL ASSETS 1+5,837,569 •f 193,577 +1 ;, 6l3,W*3 L I A B I L I T I ES Federal Reserve notes 21*,389,260 - 89,182 + 21*1,361 Deposits: Member bank - reserve account 16,123,520 18l|,-811 + 14142,333 U.S. Treasurer-general account 1,535,518 + 673,625 + 773,121 Foreign 678,91+5 51,686 193,320 Other 31+1,903 + 68,293 83,^99 Total deposits 18,679,891 ' + 505,^21 + 938,635 Deferred availability items 2,071,337 - 225,650 + 31+3,1+16 Other liabilities including accrued dividends 11,330 + 1,168 ++ 1,397 TOTAL LIABILITIES 1;5,151,818 + 191,757 ,521+, 809 C A P IT A L A C C O U N TS Capital paid in 186,581 + 261 + 9,076 Surplus (Section 7) 1+39,823 + 81,1.1.68 Surplus (Section 13b) 27,1*55 + 27 Other capital accounts • ,29,889 + 1,559 1,937 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 145,837,569 + 193,577 +1 ,613,1+1+3 Ratio o# gold certificate reserves to deposit and F. R. note 1 ia'b 11 i tie s c omb ined 1+3.2f .275 0 Contingent liability on bills purchased for foreign correspondents 6,583 1+71 + 6,583 Commitments to make industrial loans 8,21*1* + 6,639 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 29, 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 17,829,178 785,158 5,397,913 830,1+35 1265,270 1011,592 999,371 2988,760 583,039 368,335 626,281 [169,903 2504,121 Redemption fund for F. R. notes 797,720 55,100 122,128 6o,g25 77,056 60,446 1+5,761 il+4,968 1+6,268 21,287 55,873 214,859 105,729 Total geld certificate reseives 18,626,898 840,258 5,520,041 890,658 131+2,326 1072,040 1044,152 3133,728 629,307 389,622 660,154 494,762 2609,850 other cash 372,863 32,459 65,158 22,844 32,196 25,922 34,836 49,974 19,805 7,885 19,484 18,666 43,6ll+ discounts and advances 316,694 22,409 104,766 19,190 22,96? 28,088 11,81+9 13,023 21,816 31,783 10,755 8,451 16,002 Industrial loans c,,-,?, p), r^o u. S. Govt securities: J11.18- 15,574,218 912,750 3,611,579 1062,660 1365,649 920,368 759,599 2904,133 694,002 421,962 705,219 550,944 1665,303 certificates 7,180,012 464,389 1,858,038 529,896 637,758 442,776 372, lU 92o,353 535,134 209,396 312,527 320,866 696,733 Zote/ 555,300 23,970 . 9C955 26,222 31,559 21,911 •I8,i...l5 1+5,51+3 19,058 10,362 16.9^ 15,878 3u,u73 bonds 753,39?_ 50,826___ i9f S63__55,602 66,919 46,460 39,018 96,572 40,412 21,972 35,941 33,668 75,107 L Total U. S. Government securities 23,862,920 11+71,935 5,733,435 1674,380 2101,885 1431,515 1189,203 3966,656 1136,606 663,692 1100,636 921,356 2469,621 Total loans and securities 24,180,377 11+94,568 5,838,201 1694O09 2124,847 H+60,403 1201,052 5984,679 1160,422 695,475 1111,391 929,807 2485,623 Due from foreign banks i 2, 6 l/33 3 9 5 4 I4 4 3: 4 3 9 0 F.R.notes of other banks 167,268 4,430 21,33,1 5,427 12,244 41,084 17,623 15,1+27 9,455 5,823 ••' 7,683 4,3u6 21,795 Uncollected items 2,405,155 172,889 1(26,119 129,287 236,689 206,305 170,750 421,688 120,231- 64,464. 125,507 93,273 237,9)45 Bank premises 32,5l3 1,292 8,1+59 3,158 3,31+1 2,679 1,522 3,050 2,007 1,237 2,521 795 1,732 other assets 52,,563 3,575 12,212 3,205 4,936 5,. 158 . 2,329 8,269 3,195 1,597 2,266 ,2,61+9 5,096 TOTAL ASSETS. 45,837,569 2549,075 11,891,554 2748,694 3757,038J2812,176 2472,768 7616,329 1944,1+29 1165,906 1929,010 151+4,326 5105,711+ l/ After deducting $69,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l+.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS ON JANUARY 29, 191+7 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Ivlinn. Kans.Cy. Dallas SanFran. Federal Reserve notes 2l+,389,26o 11+50,11+6 5,558,956 1662,1+1+1 2080,832 173l+,3l+9 11+08,1+35 1+508,319 1096,51+5 586,1+31; 911,280 585,51+9 2805,971+ Deposits: Member bank-reserve acct. 16,123,520 720,771 5,025,551 79i+,136 120J+.593 702,713 717,997 2332,91+9 608,815 1+01,688 775,607 7U+,392 209l+,508 U.S.Treasurer-general acct. 1,535 ,518 12l+,502 2i+0,l4l+6 68,210 11+5,553 123,1+18 115,103 276,301 68,107 81+, 676 72,773 83,52? 132,587 Foreign 678,91+5 1+1,035 1/21+5,1+91+ 51,591+ 59,238 31,211 26,116 86,627 22,29!+ 15,921+ 22,291 21,020 56,093 Other 31+1,908 2,795 258,995 2,2liO 9,839 2,802 2,379 5,778 3,51+0 2,371+ 1,1+51+ 911 1+3,801 Total deposits 18,679,891 889,103 5,770,1+86 916,180 11+19,008 86o,li|J4 861,595 2701,655 708,086 50i+,662 872,123 81+9,850 2326,991+ Deferred availability items 2,071,337 l65,ll+7 51+5,735^6 113,711 192,861+ 182,816 175,300 311,858 lli+,06!; 56,31+1 120,021 8l+,503 210,976 Other liabilities including accrued dividends 11,330 529 2,835 628 1,012 532 529 2,597 1+01 1+53 1+1+1 1+85 838 TOTAL LIABILITIES 1+5,151,818 250l+,925 11,678,013 2692,960 3693,716 2777,81+1 21+2*3,859 752l+,l+29 1919,096 1117,890 1903,870 1520,337 53W+.832 Capital paid in 133,581+ 11,133 65,925 lit ,078 13,1+98 7,906 7,222 22,616 6,239 l+,ll+0 6,273 6,912 17,61+2 Surplus (Section 7) 1+39,823 27,557 136,51+9 3l+,720 hi,39k 20,676 18,063 65,078 16,577 10,997 15,729 13,777 38,106 Surplus (Section 13b) 27,1+55 3,012 7,253 l+,l+89 1,00 0r 7. ^OC 76s 1,1+29 521 1,073 1,137 1,307 2,11+0 Other capital accounts 29,889 2,1+1+8 3,311+ 2,l+u7 2,1+73 r\ ! r-jd 2,262 3 ,27.7 •1,996 1,806 2 ,001 l,9l+3 2 ,99k TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+5,337,569 251+9,075 11,391,551+ 271+3,691+ 3757,0 00 2812,176 21+72,768 7616,829 19lA,l+29 1165,906 1929,01c i5i+!+,326 51+05,71!+ Contingent liability on bills purchased for foreign correspondents 6,583 1+21 2/2,107 533 612 323 270 895 Ox 165 230 217 579 Commitments to make industrial loans 3,2.1.+.1 + — — 1,189 1,596 75 — 381 l+,225 1+50 11+8 180 F. R. notes outstanding 25,258,995 1512,025 5,71+5,018 1710,813 211+6,086 1797,150 ll+5l+,379 1+638,721 1133,129 605,21+3 957,698 617,202 2956,531 Collateral for F. R. notes held by F. R. Agents; Cold certificates 10,838,000 1+55,000 3,1+70,000 525,000 61+5,000 660,000 590,000 1755,000 300,000 189,000 280,000 169,000 1800,000 Eligible paper 166,781 l!+,262 614,030 8,579 — 22,550 -— — 17,360 2,8„, 600 ~ 6„„,3 00 1+.800 tuw f> U. S. Govt, securities i5,53l+,oi!+ 1100,000 2,500,000 1200,000 1550,000 1200,000 900,000 2900,000 959,oil+ 1+25,uoo 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF L0AK6 ..:KD SECURITIE Within 16 to 31 to 6l to 91 days to 6 months 1 to 2 2 to 5 Ovor Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 316,891+ 182,075 109,050 22,31+1+ 3,1+25 Industrial loans 563 1+86 1+ 1+ 5 11+ 9 7 31+ u. S. Govt, securities 23,362,920 5,227,21+8 2,1+15,222 5,368,71+7 5,611^,857 1,215,236 2,972,770 320,1+00 11+3,350 580,01+0 l/ After deducting $1+33,136,000 participations of other Federal Reserve Banks. 2/ After deducting $1+,1+76,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis