H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BG&RD CF- GOVERNORS OF THE FEDERAL RESERVE SYSTEM H lul (For Immediate Release) January 19, I9I4.9 # CONDITION OF THE FBpBKiU, RESERVE BANKS During the period January 12-18* member bank reserve balances decreased $UUtOOOOOO. Reductions in member bank reserves resulted from a decrease of f $353*000,000 in Reserve Bank credit and an increase of $8,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by decreases of $156,000,000 in money in circulation and $11*9,000,000 in Treasury deposits with Federal Reserve Banks and an increase of $12,000,000 in gold stock. Excess reserves of member banks on January 18 were estimated to be approximately $910,000,000, Holdings of loans, discounts and advances decreased $l!i9,000,0Q0 and of United States Government securities $2ii9,000,000* The decrease in holdings of United States Government securities reflects decreases of $125*000,000 in bonds, $llll,000,000 in bills, and $23,000,000 in notes and an increase of $li*,000,000 in certificates. Changes in member bank reserve balances and related items during the period January 12-18, 191*9, and the year Bnded January 18, 19^9, were as follows: Increase or decrease since January 18, January 12, January 21, 19li9 lfo9 191*8 (In millions of dollars) U, S. Government securities 22,216 - 21*9 • 676 Loans, discounts and advances 216 - Iii9 + U5 Other Reserve Bank credit U08 + U5 - X07 Total Reserve Bank credit 22,8it0 - 353 + 613 Gold stock 2^,265 + 12 +1,136 Treasury currency- It, 586 --- + 27 Member bank reserve balances 20,061 - Uh +2,727 Money in circulation 27„763 - 156 - UU8 Treasury cash 1,321* + 1 • 1 Treasury deposits with F.R. Banks 790 - ll*9 - hlB Nonmember deposits and other F, ,R. accounts 1,753 • 8 + 275 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE T.SLVS FEDERAL KLoBKVS BANKS COMBINED H.l*.l(a) (In thousands of dollars) Increase or decrease since Jan. 18, Jan. 12, Jan. 21, 19^9 19^9 I9h8 A S S .E. T S Gold certificates 22,368,1*28 + U,997 +1,1*73,258 Redemption fund for F.R, notes 627,753 - 1,907 - 65,205 Total gold certificate reserves 22,996,186 + 3,090 +1,1*08,053 Other cash 355,919 * 30,283 - 20,350 Discounts and advances 21^,902 -11*9,291* + 1*6,587 Industrial loans 839 1 2,030 U. S. Govt, securities: Bills 1*,737,1*80 -lll*,l*59 -5,1*97,261* Certificates 6,331,769 + 11*, 000 + 255,211* Notes 500,250 - 23,050 - 997,700 Bonds 10,61*6,959 -125,398 +6,915,793 Total U.S. Government securities 22,216,1*58 -21*8,907 • 676,01*3 Total loans and securities 22,1*32,199 -398,202 • 720,600 Due from, foreign banks 149 1*6 h. R. notes of other banks 190,676 + 9,222 + 23,1*23 Uncollected items 2,956,131 +303,78i - 323,317 Bank premises 32,338 5 659 Other assets 155,1M + l*,o65 + 32,198 TOTAL ASSETS li9.118.9U2 - 1*7,766 +1,839.902 L I A B I L IT I E S Federal Reserve notes 23,778,1*16 -12i*,8l*l* - 1*99.607 Deposits: Member bank-reserve account 20,061,052 - hh, 1*20 +2,726,597 U.S.Treasurer-general account 790,21*3 -11*9,208 - 1*77,783 foreign 682,958 + 11,780 + 258,1*1*1* Other 1*69,222 - 1*,160 - 19,337 Total deposits 22,003,1*75 -186,008 +2,1*87,921 Deferred availability items 2,51*8,022 +258,210 - 216,112 Other liabilities including accrued dividends 10,878 952 1*,687 TOTAL LIABILITIES 1*8,31*0,791 - 53,591* +1,767,515 C A P I T AL A C C O U N TS Capital paid in 202,239 223 + 5,81*2 Surplus (Section 7) 1*66,711 + 18,522 Surplus (Section 13b) 27,51*3 Other capital accounts 81,658 5,605 + 1*8,023 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*9,118,91*2 - 1*7,766 +1,839,902 Ratio of gold certificate reserves to deposit and F.R. note liabilities combined 50.2/o Contingent liability on acceptances purchased for foreign correspondents 3,31*8 9 397 Commitments to make industrial loans 1,615 2 5,585 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH JANUARY 18, I9U9 (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 22,368,428 769,645 7,328,167 1065,497 1506,731 981,719 91+8,153 1+296,752 694,471 1+29,319 836,992 654,891 2856,01+1 Redemption fund for P. R. notes 627,758 55,786 5l+,18l+ 59,771 75,01+0 57,816 44,205 lo6,118 44,788 23,096 36,128 26,61+6 1+6,182 Total gold certificate. reserve^ 22,996,186 823,1+31 7,382,551 1125,268 1581,821 1059,555 992,556 1+1+02,870 759,259 1+52,1+15 875,120 681,537 2902,225 Other cash 555,919 57,706 60,128 25,719 31,621 25,491 24,958 44,761 19,299 lU, 161 13,750 17,551+ 1+0,811 Discounts and advances 214,902 15,169 64,495 19,075 19,120 12,936 7,1+81+ 26,387 10,31+5 5,1+06 12,730 6,169 17,086 Industrial loans 839 """ 768 71 U, S. Govt, securities: 3 i l ls 4,737,1+80 288,237 1,142,031 322,708 1+36,91+1 3 04,155 253,990 706,912 256,023 153,368 229,142 204,919 439,076 Certificates 6,351*769 456,817 1,500,566 451,507 585,985 406,480 339,465 944,808 342,182 2o4,978 306,255 273,881 561,045 Notes 500,250 34,511 118,554 34,076 46,139 32,115 26,820 74,646 27,034 16,195 24,196 21,638 44,326 Eonds 10,646,959 754,512 2,523,223 725,250 981,980 683,505 570,815 1588,707 575,585 544,674 514,972 460,534 943,406 T ota 1 U.S. Gove r nme nt securities 22,216,458 1494,077 5,284,574 1515,541 2o49,o45 1426,251 1191,090 5515,075 1200,622 719,215 1074,565 960,972 1987,855 Total loans and securities 22,452,199 1507,246 5,548,869 1555,184 2068,165 1459,258 1198,574 554l,96o 1210,967 724,621 1087,295 967,141 2oo4,959 Due from foreign banks ^9 5 l/ 16 4 4 2 2 7 2 1 2 2 4 F.R.notes of other banks 190,676 9,524 19,207 7,594 lo,625 4o,859 18,059 24,185 8,865 11,535 9,594 8,731 21,850 Uncollected items 2,956,151 246,257 599,077 190,775 284,516 231,773 197,965 451,603 155,726 86,684 161,258 139,022 233,495 tfank premises 32,558 1,185 8,023 3,053 4,862 2,557 1,574 3,191 i,9hl 1,177 2,380 757 1,638 other assets 155,444 10,715 56,806 10,565 14,517 9,811 8,286 23,135 8,657 4,918 7,295 6,754 14,137 TOTAL ASSETS 49,118,942 2636,067 13,454,477 2895,960 3996,151 2789,266 2441,754 8291,712 2122,716 1295,510 2154,654 1821,548 5219,147 l/ After deducting $55,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS" ON JANUARY18 , 19**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 SanFran. Federal Reserve notes 23,778,416 1391,21*1 5,445,479 1638,508 2120,795 l622,iol* 1306,275 4547,720 1130,589 626,515 952,651* 611,1*89 21*05,267 Deposits: Member bank-reserve acct.20,061,052 865,153 6,1*86,797 912,591 11*1*9,1*61 81*2,526 857,272 5065,1*76 755,1^68 502,752 960,985 991,259 2375,551* U.S.Treasurer-general acct. 790,243 5U, 1*1*0 175,617 52,955 1*2,757 55,957 51,1*50 107,055 55,771 56,722 71,81*1 38,71*1 68,979 Foreign 682,958 1*2,305 1/223,561* 55,720 61,778 52,901* 27,552 92,667 21*, 17I* 16,788 21*, 171* 25,505 59,81*9 Other U69,222 3.501* 598,01*5 1,798 8,027 1*,520 1,71*6 2,1*68 6,901 1,787 1,026 386 39,411* Total deposits 22,003,1*75 965,202 7,281*,023 1021,062 1562,003 913,687 918,000 3265,666 81*0,511* 578,029 1058,021* 1055,889 251*3,576 Deferred availability items 2,548,022 229,555 1*85,652 175,700 2^0,510 212,585 183,362 369,971 121,1*29 70,056 135,952 127,252 200,222 Other liabilities including accrued dividends 10,878 523 3,156 572 1,187 569 1*81* 1,91*9 1*79 358 1*20 1*62 759 TOTAL LIABILITIES 1*8,540,791 2586.299 13,218,310 2835,842 5924,1*95 2748,943 2408,121 8185,306 2092,811 1274,738 2125,050 1795,092 5149,804 Capital paid in 202,239 11,476 69,427 14,745 19,2H 8,795 7,954 25,561 6,718 4,492 7,099 7,885 18,880 Surplus (Section 7) 1*66,711 29,347 143,019 36,704 1*3,963 22,417 20,028 68,842 17,974 11,797 17,008 14,954 40,653 Surplus (Section 13b) 27,543 3,011 7,319 4,1*89 1,006 3,51*9 762 1,429 521 1,073 1,137 1,307 2,i4o Other capital accounts 81,658 5,934 16,402 6,180 7,451 5,764 4,889 10,574 4,692 5,410 4,380 4,512 7,670 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,118,91*2 2656,067 15,454,477 2895,960 3996,151 2789,266 2441,754 8291,712 2122,716 1295,510 2154,654 1821,548 5219,147 Contingent liability on acceptances purchased for foreign correspondents 3,548 211 2/ 1,052 269 509 164 158 1*65 121 84 121 117 299 Commitments to make industrial loans 1,615 70 45 966 127 281 28 100 F.R. notes outstanding 24,811,258 1479,516 5,656,878 1714,571 2215,127 1687,856 1575,972 4711,819 1170,788 645,515 956,497 650,015 2550,926 Collateral for F.R. notes held by F.R.Agentss Gold certificates 13,61*9,000 46o,ooo 4,870,000 550,000 745,000 625,000 575,000 2755,000. 515,000 210,000 280,000 184,000 2100,000 Eligible paper 32,1*25 2,065 8,800 4,975 — 5,800 — — 4,000 1,000 6,585 1,1*00 U.S.Govt, securities 12,200,000 1100,000 : ,000,000 1200,000 1500,000 1150,000 850,000 2000,-000 950,000 45o,ooo 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 214,902 74,855 12,328 123,695 4,024 Industrial loans 859 756 78 U„S,Govt. securities 22,216,458 561,400 1,115,669 2,593,580 1,414,881 3,454,072 1,929,647 500,250 2,032,362 8,6lii,597 l/After deducting $14.59,306,000 participations of other Federal Reserve Banks, 2/After deducting $2,296,000 participations of other Federal :Keserve Banks # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis