H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U.I (For Immediate Release) February 17, 1949 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended February 16, member bank reserve balances decreased $150,000,000. Reductions in member bank reserves resulted from increases of ^324,000,000 in Treasury deposits with Federal Reserve Banks and 12,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by increases of i90,000,000 in Reserve Bank credit and '5• 000,000 in gold stock and decreases of 77,000,000 in money in circulation and )!+,000,000 in Treasury cash Excess f reserves of member banks on February l6 were estimated to be approximately •)5U0,000,000. Holdings of loans, discounts and advances decreased 013,000,000 and of United States Government securities )lif 000,000* The decrease in holdings of 9 United states Government securities reflects decreases of )112,000,000 in bonds, 117,000,000 in bills and 19,000,000 in notes, and an increase of 191,000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year ended February 16, 1949* were as follows: Increase or de crease since February 16, Februarv 9, February 18, 1949 1949 1949 (In millions of dollars) U. S. Government securities 22,303 - 47 +1,360 Loans, discounts and advances 239 - 13 - 60 Other Reserve Bank credit 384 +150 - 155 Total Reserve Bank credit 22,926 + 90 +1.14U Gold stock 24,284 * 5 +1,303 Treasury currency 4,586 - l + 29 Member bank reserve balances 19,447 -150 +2,697 Money in circulation 27,480 - 77 - 573 Treasury cash 1,323 - h - 12 Treasury deposits with F.R. Banks 1,754 +324 + 29 Nonmember deposits and other F,R* accounts 1,792 + 2 + 335 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONpITION H.U.l(a) OF THS ffiSLVB FEDERAL RESBKVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Feb. 16, Feb. 9. Feb. 18 # _i2ki I9t*9 19U6 A S S E TS Gold certificates 22,la8,U30 •1,382,260 Redemption fund for F, R. notes _6S0 kZL • 2.902 - 61978 1 f Total gold certificate reserves 23.038,907 - 2,903 •1,320,282 Other cash • 17,183 • 6,089 Discounts and advances 238,006 «. 13.11*9 • 57.251 Industrial loans 787 17 3.371 U. S. Govt, securitiest Bills 5,270,iil7 - 16,621* -ii, 088,186 Certificates 6,659.269 • 91,000 +2.3iU,336 Notes - 9,000 -1,272,950 380,550 Bonds -112.188 •U,Uo6.9i2 Q.QQ2.Q37 Total U, S. Government securities 22,303,173 - U6,812 +1,360,112 Total loans and securities 22,5^1,966 - 59,978 +I»299.1i90 Due from foreign banks "~" U9 U6 F. R, notes of other banks 135.2U1 - 5,813 • 2,216 Uncollected items 3,133.535 +801,206 - 135.3U9 Bank premises 32,251; 7 661 Other assets 169.566 _i.J>*22JL • 2U.037 TOTAL ASSETS U9.U25.762 +75U.916 +2,516,058 L I A B I L I T I ES Federal Reserve notes 23,U81,216 - 77,506 - 588.U53 Deposits: Member bank-reserve account l9,Ui7»005 -1U9.907 +2,697,012 U.S.Treasurer-general account l,75U,U9U +32U,o6U + 29,065 • Foreign • 307.6U7 728,569 + io,3U3 Other .r- 29,528_ .-__8 ML Total deposits 22,378,622 J +3,ooU,l96 +175,639 Defsi red availability items 2,7U9,H0 +650,836 + 19.U92 Othsi liabilities including accrued div? dends _JLUQ21_ .219.. .-, U.652. TOTAL LIABILITIES U8,619,969 +7U9.188 +2,U30,583 C A P I T AL A C C O U N TS Capital paid in 203,082 91 + 5,826 Surplus (Section 7) 1*66,711 + 18,522 Surplus (Section 13b) 27,513 Other capital accounts , 1Q8.U57 .5,637 + 61,127 TOTAL LIABILITIES AND CAPITAL ACCOUNTS U9.U25.762 +75U.916 +2,516,058 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 50.2fo .2fo .2f. Con4;in{;ent liability on acceptances purchased for foreign correspondents 3.615 259 - 1,158 Commitments to make industrial loans 1.728 8 - 5.U91 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEE'S RAL RESERVE BMKS ON FEBRUARY 16, 191+9 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve, Rich. Atlanta Chicago St. Louis Minn. Kar-tS.Cy, Dallas SanFran. Gold certificates 22,1+18,1+50 790,615 7,127,891 1098,959 1606,1+98 996,119 987,672 1+559,255 687.116 1+56,580 735,701 662,29!+ 2881,752 Redemption fund far F. R. notes 620,1+77 55,1+26 52,555 59,182 7l+,578 55,587 1+5,81+5 105,560 !+l+,622 25,022 55,997 26,500 1+5,805 Total gold certificate reserves 23,058.907 8l+!+,ol+i 7,180,1+1+6 1158,121 l68l,076 105L506 1031,517 l+W+,815 751,758 1+79,602 819,698 688,791+ 2927.555 Other cash 57l4,2l+l+ 59,259 61+, 503 2l+,015 5^,975 21+.855 25,61+5 55,232 18,817 ll+,003 15,21+1+ 11+,1+35 1+5,1+11 Discounts and advances 238,006 15,805 71,732 18,1+50 26,1+31+ 16,361+ 7,1+23 50,533 9,257 5,098 16,11+7 7,061+ 15,919 Industrial loans 787 719 68 U. S« Govt, securities: Bills 5,270,1+17 551,393 l,261+,308 359,009 1+86,095 338,51+6 232,560 786,1+36 23i+,82l+ 170,620 25!+,920 227,971 1+83,955 Certificates 6,659,269 1+59,1+10 1,573,180 1+55,616 6il+,i91 1+27,505 557,021+ 993,676 559,880 215,530 322,096 288,01+6 590,065 Notes 580,550 26,255 90,187 25,922 55,098 2l+,l+50 20,1+02 56,785 20,566 12,520 18,1+06 i6,l+6l 55,720 Bonds 9,992,957 689,595 2,368,226 680,699 921,659 61+1,517 535,751 11+91,116 5I+0,038 525,501 I+85,558 1+52,21+5 885,1+51+ Total U.S.Government securities 22,505,175 1506,1+1+9 5,500,901 1519,21+6 2057,01+5 11+51,798 1195,757 5528,015 1205,508 722,021 1078,760 961+,723 1993,171+ Total loans and securities 22,51+1,966 1520,251+ 5,372,633 1538,1+15 2083,1+77 H+l+8,230 1203,160 3558,51+6 l2ll+,5i+5 727,119 109l+,907 971,737 2009,095 Due from foreign banks k9 3 1/ 16 1+ 1+ 2 2 7 2 1 2 2 1+ F.R.notes of other banks 155,21+1 7,211 15,502 5,606 6,225 57,057 15,621+ 11+ ,582 6,1+67 6,506 l+,876 6,01+7 Il+,138 Uncollected items 5,155,555 231,609 552,978 20l+,i08 350,381+ 21+6,1+57 226,195 51+0,255 151,029 82,61+1+ 11+9,055 162,691 276,150 Bank premises 52,251+ 1,180 8,005 3,01+7 1+.81+9 2,51+9 1,568 3,185 1,938 1,17k 2,571+ 755 1,652 Other assets 169,566 11,857 59,765 11,165 15,795 10,91+8 9,086 25,121+ 9,1+85 5,1+01+ 8,096 7,577 15,1+3^ TOTAL ASSETS 1+9,1+25,762 2655,391+ 13,231,1+1+8 29l+l+,l+Sl 1+156,783 2821,581+ 2510,797 81+1+1,51+1+ 2111+.021 1516,255 2092,252 1851,956 5239,1+69 l/ After deducting $53,000 participations of other Federal Reserve 3anks« Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STAT55MSNT OF CONDITION OF THE FEDERAL RESERVE BANKS OF FEBRUARY 16; 191:9 H,lul(c) (In thousands of dollars) L I A B I L I T I ES Total Boston New York PhiJa. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 23,^81,216 1380,865 5,3^,982 1627,681 2099,282 159l>735 1286,398 U508,387 1110,383 618,062 920,560 598,566 237^,315 Deposits: Member bank-reserve acct. I9,l|l47,005 825,931 6,161I,81I7 893,821 11422,60^ 837,301* 852,721 3019,160 736,901* 1*75,1*11 900,863 9l*3,U7l* 2373,U65 U.S.Treasurer-general acct. l,75l±U9l* 132,505 3ii5,768 130,018 195,550 eh,131 83,1470 253,799 79,058 115,1*61* 83,051 107,313 ll*l*,367 f Foreign 728,569 1*5,581 1/233,661 57*880 66,562 35,1*52 29,66!* 99,81*3 26,ol*6 18,088 26,oi*6 25,323 61*,1*23 Other Uk8,55h 3,110 381,392 1,538 5,828 hA% 1,61*8 1*,259 5,082 1,791 3,230 531* 36,008 Total deposits 22~yj6,^2 1007,127 7,125,668 1083,257 I690,5hk 961,521 967,503 3377,061 81*7,090 610,751* 1013,190 1076,6UU 2618,263 Deferred availability items 2,7li9,llO 215,311* 1*95,103 163,320 291,537 225,578 221,2i*o 1*1*3,652 121*,685 65,l*o6 127,031* 11*6,1*72 221*, 269 Other liabilities including accrued dividends 11,021 638 2,852 655 1,275 620 1*92 i,76o 1*1*5 351 1*50 l*6i 1,022 TOTAL LIABILITIES [48,619,969 2603,91*1* 12,988,605 2880,1*33 1*082,638 2779,1*5!* 21*75,633 8330,86o 2082,603 129!*,573 2061,231+ 1822,l!*3 5217,869 Capital paid in 203,082 11,1*77 69,638 H*,829 19,199 3,869 8,017 25,706 6,738 l*,52l* 7.168 8,023 18,891* Surplus (Section 7) 1*66,711 29,51*7 li*3,019 36,70l* 1*3,968 22,1*17 20,028 68,81*2 17,971* 11,797 17,008 lU,95U 1*0,653 Surplus (Section 13b) 27,5143 3,011 7,319 l+.li89 1,006 3,31*9 762 1,1*29 521 1,073 1,137 1,307 2,11*0 Other capital accounts 108,1457 7,615 22,867 8,01*6 9,972 7,1*95 6,357 11*.507 6,185 1*,286 5,7_05_ 5,509 9,913 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*9,1*25,762 2655,39k 13,231,1*1*8 29l*l*,l*81 1*156,783 2821,581* 2510,797 81*1*1,31*1* 21il*,o21 1316,253 2092,252 1851,936 5289,1*69 Contingent liability on acceptances purchased for foreign correspondents 3,615 228 2/ 1,11*2 289 333 177 11*8 1*99 130 90 130 127 322 Commitments to make industrial loans 1,728 kh — 179 956 11*2 288 22 — — — — 97 F.R. notes outstanding 2l*,375,171 11*52,652 5,556,578 1688,1*55 2189,285 161*9,720 131*3,733 1*636,516 1152,791 636,037 91*6,129 633,220 21*90,055 Collateral for F R notes # # held by FVft Agent si # Gold certificates 13,36^,000 1*1*0,000 1*,770,000 550,000 71*5,000 625,000 575,000 2670,000 315,000 210,000 280,000 181*, 000 2000,000 Bligible paper i|6,l67 2,890 16,635 1*,590 — 7,875 3,000 767 9,910 500 U..S (xovt. securities 12,100,000 1100,000 1,000,000 1200,000 1500,000 1050,000 850,000 2000,000 950,000 1*50,000 700,000 500,000 800,000 # MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 6l 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 238,006 220,1*1*0 ll,*235 1*,917 1,1*11* Industrial loans 787 687 2 1* 75 15 U. S, Gqsvt. securities 22303,173 2,351,1*09 990,01*8 1,799,981 1. ll*l*, 779 3,518,932 2,226,897 380,550 1,861*,1*63 8,026,111* r ; 1/ After deducting $l*9l*,87li.,000 participations of other Federal Reserve Banks. y After deducting $2,1*73,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis