H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF1 THE FEDERAL RESERVE SYSTEM H.iul (For Immediate Release) January 7* 19U9 COIDITIOiT OF' THE FEDEFAL RESERVE BANKS During the week ended January 5 member bank reserve balances increased $137*000,000. Additions to member bank reserves resulted from, decreases of $332,000,000 in Treasury deposits with Federal Reserve Banks, $17li,000,000 in money in circulation, and $7*000,000 in Treasury cash and an increase of $13,000,000 in gold stock, offset in part by a decrease of $386,000,000 in Reserve Bank credit and an increase of $5,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on January 5 vrere estimated to be approximately $1,050,000,000. Holdings of loans, discounts and advances decreased $26,000,000 and holdings of United States Government securities decreased $^28,000,000. The de crease in holdings of United States Government securities reflects decreases of $270,000,000 each in bills and notes and of $9i|,000,000 in bonds and an increase of $206,000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year ended January 5* 19^9* WQre as follows: Increase or decrease Since January 5* December 29, January 7* 19U9 1 9^ I9U8 (In millions of dollars) U« S. Government securities 22,919 - 1*28 +1, 256 Loans, discounts and advances 230 - 26 + 65 Other Reserve Bank credit 578 + 67 + 106 Total Reserve Bank credit 23,727 «. 386 + 1, u07 Gold stock 2i|,2li9 + 13 n,U87 Treasury currency 4,586 + 1 * 26 Member bank reserve balances 20,375 + 137 +2 ,872 Foney in circulation 28,151 - 17U - 507 Treasury cash 1,522 - 7 - 18 Treasury deposits with F.R # Banks 951 - 332 + 589 Nonmember deposits and other F # R.accounts 1,76a + 5 Hh 186 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE" TWELVE FEDERAL REoEl-VE BANKS COMBINED H U»l(a) (In thousands of dollars) # Increase or decrease since Jan, 5. Dec. 29, Jan*7, I9l49 19U8 19U8 A S S B Gold certificates 22.5U5.U32 + 20,002 +1,555,262 Redemption fund for F # R # notes 650,61+9 1 - 6U,U17 Total gold certificate reserves 22,976,081 + 20,001 +1.U70.8U5 Other cash 296,995 + 32,115 6,552 Discounts and advances 229,055 - 25,792 + 65.7U2 Industrial loans SUo 11 588 U» S. Govt, securities: Bills 5,196,616 -269,790 -5,700,219 Certificates 6,278,66a +206,100 + 27.96U Notes 537,000 -269,550 - 951,950 Bonds 10,906,711 - 9^.558 +7,859.759 Total II» S, Government securities 22,913,996 -U27.598 +1,255,55U Total loans and securities 25,1118,891 -U53.U01 +1,500,708 Due from foreign banks U9 U6 F. R. notes of other banks 177,706 + 9,621 + 11,680 Uncollected items 2,791,136 - 75,873 + 8.U00 Bank premises 32,51*3 + 22 658 Other assets Hi 6,775 -__ 1,289 + 5U, 026 TOTAL ASSETS 1*9.569,97)4 -U68,311 +2,818,605 L I A B I L I T I ES Federal Reserve notes 2U,o8%ooU -133,882 - 565,2U9 Deposits: Member bank-reserve account 20,575,551 +137,087 +2,872,576 U.S,Treasurer-general account 950,86U -352,530 + 583,665 Foreign 672,388 + 58,538 + 187,250 Other 1M.781 + 2,227 - 29,17U Total deposits 22.U93.36U -13U,67P +5.U19.517 Deferred availability items 2.212J05 -1U5.527 - 98.5U1 Other liabilities including accrued dividends 10,269 - 7,851 5,517 TOTAL LIABILITIES U8,80U,5U2 -U19.958 +2,752,210 C A P I T AL A C C O U N TS Capital paid in 201,780 + 622 + 5,960 Surplus (Section 7) U66.711 + 18,522 + 18,522 Surplus (Section 13b) 27.5U5 Other capital accounts 69,598 - 68,017 + U1.9H TOTAL LIABILITIES AND CAPITAiL ACCOUNTS U9.569.97U -U68.811 +2,818,605 Ratio of gold certificate reserves to deposit and F.R note # liabilities combined U9.3% .3% .1% Contingent liability on bills purchased for foreign correspondents 5,5ii5 15 1,068 Commitments to make industrial loans 1,652 5.568 U.U77 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l*.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 5, I9U9 (In thousands of dollars) A S S I S TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. c-oid certificates 22,51*5,102 769,11+6 7,608,0211058,265 1517,755 969,352 937,9911+301,287 679,791+ 1+01,282 750,60k 611,216271*0,721 Redemption fund for F. R. notes 630,61+9 5l+,026 55,182 60,212 75,51+0 57,738 l+l+,l+08 106,1*21 Uh.871 25.135 36.192 26.711 1*6.363 Total gold certificate reserves 22,976,081 825,172 7,665,203 1118,1+75 1593,095 1027,11+0 982,399 1+1+07,708 721+.665 l+2lt,l+17 786,796 657,927 2737,081+ Other casn 296,995 51,597 1+1*,979 18,538 2i*,25l* 20,921+ 22,582 1*2,779 16,21*1* 12,112 10,1*81 ll*,9ll 37,791+ Discounts and advances 229,055 U+,118 73,655 18,1+1*1; 25,551 10,393 7,9^1+ 28,138 8,313 !+,806 13,1+59 3,1+35 16,751+ Industrial loans P^O 771 69 - U. S. Govt, securities: ^i ns 5,196,616 263,1+81+ 1,282,703 355,983 1+79,289 355,607 278,606 775,1+23 280,856 168,251 251,51*9 22l*,780 50i+,525 Certificates 6,278,669 1+55,152 1,1+87,982 1+27,691 579.0*8 1*03,072 556,618 936,881* 359,512 205,260 305,686 271,585 556,51+1 "Note's 557,000 57,01*7 127,261* 56,579 1+9,528 5l+,l+7i+ 28,790 80,129 29,021 17,381* 25,97!* 25,228 1*7,582 Bonds 10,906,711 752,1*32 2,581*,781 71+2,91+3 1005,957 700.178 58l*.7l*2 1627.1*67 58Q.1*20 355.083 527.536 li71.770 Q66.1i22 Total U.EL.Government securities 22,918,996 11*86,115 5,1+82,750 1561,196 2115,81*2 11*71,551 1228,756 51+19,905 1258,589 71+1,958 1108,51*5 991,361 207U,670 Total loans and - securitieT 25,H*8,89l 1500,255 5,556,585 1580,1*11 2157,595 11*81,798 1256,71*0 51+1+8,01*1 121*6,902 71*6,761* 1122,001* 1000,7962091,1*21* Due from foreign banks 1+9 3 l/ 16 1* 1* 2 2 7 2 1 2 2 1* u ^ w L f ^r 177,706 7,1+07 19,515 7,812 io,055 55,155 Ht, 377 25,1*28 8,1+82 8,586 9,826 11,076 22,209 uncollected items 2,791,156 198,1*58 1+58,11*1 165,980 270,91+1 216,563 189,61+2 505,626 128,950 82,925 199,1*1*8 152,727 21*5,752 O t h e r ^ e t s5 }2/^ 1'18,5 ,8'°25 3'°53 h'QSl 2'557 1'57l» 3,191 1,9^+2 1,177 2,580 756 1,658 uther assets 11+6,775 1Q.262 3^,527 9.796 15,560 Q.231 7,912 2i,55B a,302 It. 798 UZ& 6*329 13*1*57 TOTALASSETS 1+9,569,971+ 2572,117 15,781+,587 2902,069 1+051+.169 2795,355 21*55,228 81+52,318 2155,1*89 1280,778 2137,998 18ol*,52l+ 5197,31+2 l/ After deducting $33,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.li.l(c) STATEMENT OF CONDITIO! OF THE FEDERAL RESERVE BANKS CN JANUARY 5, lgi*9 (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 Minn. Kans.Cy. Dallas Sanffan. r Federal Reserve notes 2l*,088,00l* 11*18,752 5,51*2,375 l66o,36U 211*2,1*65 161*8,758 1526,325 1*590,283 111*0,962 631,356 9l*0,028 622,671 21*23,637 Deposits: aember bank-reserve acct.20,575,551 81*8,1*81 6,705,061 91*1,61*5 11*71,751* 851*552 852,859 511*7,897 771*,915 1*95,550 959,1*15 958,627 2369,619 U.S.Treasurer-general acct. 950,8614 1*5,957 286,502 56,71*7 88,866 59,765 1*5,726 11*5,696 50,960 51,987 1*7,091* 1*8,286 1*5,298 foreign 672,588 59,917 1/21*1,1*85 51,522 58,291 31,01*6 25,973 86,170 22,810 15,81*0 22,176 21,51*2 55,313 Other l+9l*,781 1,71*1 1*18,319 1,808 8,128 3,752 1,658 !*,-255 8,81*1 1,891 8&* 706 1*2,858 Total deposits 22,1*93,36!* 956,076 7,61*9,365 1051,520 1627,019 926,095 921*,2oi 5581*,018 857,521* 565,268 1029,5)19 1029,161 2513,568 Deferred availability items 2,212,705 167,893 356,880 128,567 213,121* 178,365 171,21*8 571,761* 107,228 63,1*56 138,990 121*,378 191,011* Other liabilities including accrued dividends 10,269 519 2,700 577 1,057 0x2 1*88 1,755 1*61* 357 1*55 395 862 TOTAL LIABILITIES l*8,80l*,5l*2 2523,21*0 13,551,520 281*0,828 5935,663 2753,858 21*22,262 83i*7,82o 2io6,l73 126o,i*i7 2109,022 I77o,6o3 5129,151 Capital paid in 201,780 11,1*71 69,352 11*, 697 19,187 3,71*5 7,9^ 25,519 6,696 i*,l*75 6,981* 7,861* 18,876 Surplus (Section 7) 1*66,711 29,51*7 11*3,019 36,701* 1*3,968 22,1*17 20,028 68,81*2 17,971* 11,797 17,008 ll*,95l* 1*0,655 Surplus (Section 13b) 27,51*5 5,011 7,319 l*,i*89 1,006 5,31*9 762 1,1*29 521 1,073 1,137 1,507 2,11*0 Other capital accounts 69,593 5,01*8 13,577 5,351 6,31*5 1*,986 It,262 8,708 1*,120 3,016 3,81*7 5,796 6,51*2 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*9,569,971* 2572,117 13,781*.587 2902,069 1*051*,169 2793,555 21*55,228 81*52,318 2135,1*89 1280,778 2137,998 180i*,52l* 5197*31*2 Contingent liability on bills purchased for foreign correspondents 5,51*5 211 2/1,070 271 307 161* 137 1*55 12o 83 117 111* 291* Commitments to make industrial loans l t ^ 2 70 1*3 966 131 288 31 103 I. R, notes outstanding 25,01*7,1*1*1 l!*95,502 5,718,887 1726,707 2230,239 1725,822 1389,1*38 1*71*1,286 1182,751 61*7,788 96!*,858 657,730 2566,1*03 Collateral for F. R. notes held by F.R. Agents: Gold certificates 13,579,000 i*6o,ooo 1*,870,000 550,000 71*5,000 625,000 575,000 2765,000 315,000 210,000 280,000 181*,000 2000,000 Eligible paper 25,21*0 2,195 io,795 3,115 — 625 — — 1,500 75 6,835 100 U.S.Govt, securities 12,200,000 1100,000 1,000,000 1200,000 1500,000 1150,000 850,000 2000,000 950,000 1*50,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 61 to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 229,055 75,71*0 1*1,555 97,985 13,775 Industrial loans 81*0 737 2 76 15 8 U.S. Govt, securities 22,918,996 1,216,929 59^,960 2,1*55,569 1,852,208 3,Ji65,972 1,889*61*7 537,000 2,01*2,722 8,865,989 l/After deducting $1*30,81*3,000 participations of other Federal Reserve Banks. 2/ After deducting $2,273,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis