H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.IL.I (For Immediate Release) Sept, 15, 19I49 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September lU member bank reserve balances increased $327*000,000* Additions to member bank reserves arose from decreases of $158,000,000 in Treasury deposits with Federal Reserve Banks, $135,000,000 in money in circulation, $2^#000,000 in nonmember deposits and other Federal Reserve accounts, and $5,000,000 in Treasury cash and increases of $2i_j.,000,000 in Reserve Bank credit and $2,000,000 in gold stock. Excess reserves of member banks on September lk were estimated to be approximately $1,210 ,000,000 ,. Holdings of loans, discounts and advances increased $8,000,000 while holdings of United States Government securities decreased $163,000,000, The reduction in holdings of United States Government securities reflects decreases of $212,000,000 in certificates and $1,000,000 in notes and an increase of $50,000,000 in bills. Changes in member bank reserve balances and related items during the week and the year ended September li|, 19^9 were as follow s$ Increase or decrease since Sept, lli, Sept. 7, Sept IS # r 191+9 19^9 19U8 (In millions of dollars) U* S, Government securities 17,250 -163 -3,955 Loans, discounts and advances 121, + 8 - 160 Other Reserve Bank credit i430 +180 2 Total Reserve Bank credit 17,801; + 21, -1+,117 Gold stock 2h,&k9 + 2 + 799 Treasury currency h,592 + 21 Member bank reserve balances 16,322 +327 -2 ,1^15 Money in circulation 27 J451+ -135 - 702 Treasury cash 1,312 - 5 9 Treasury deposits with F. R. Banks -138 - 327 Nonmember deposits and other F, R. accounts 1,622 - 2k + 155 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.k*l(n) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Sept. lli» Sept, 7, Sept. 15, I9h9 I9h9 19l|8 A S S E TS Gold certificates 22,851,^30 + 9,001 + 880,758 Redemption fund for F R, notes + 791 - 68,795 # Total gold certificate reserves 23,2*03,610" + 9,792 + 811,963 Other cash 266,167 19,853 + 1,802 Discounts and advances 123,066 7,^87 - l6o,499 Industrial loans 601 + 63 329 U S* GoTt. securities $ # Bills 3,576,510 + 50,000 -2,559,362 Certificates 5,600,100 - 211,900 + 772,961 Notes 298,100 1,500 -1,469,300 Bonds 7,775,200 - 679,394 Total U# S» Government _ _ _ _ __ 17,2^9,910 - 163,400 -3,955,095 Total loans and securities 17,373,577 - 155,850 -11,115,923 Due from foreign banks ks 1 F* R notes of other banks 128,1*81 + 24,225 - 15,721 # Uncollected items 3,205,301 +1,008,441 - 292,215 Bank premises 32,865 + 240 + 465 Other assets 140,697 + 4,591 - 12,124 TOTAL ASSETS 44,550,746 + 911,292 -3,621,754 L I A B I L I T I ES Federal Reserve notes 23,324,163 - 86,906 - 732,147 Deposits• Member bank-reserve account 16,321,905 + 326,749 -2,414,694 U.S.Treasurer-general account 334,116 - 138,155 - 326,927 Foreign 421,930 - 40,585 + 10,039 Other + 16,561 + 45,981 509,281 Total deposits + 164,570 -y,6«5,60T 17,587,232 Deferred availability items 828,536 - 290,774 Other liabilities including accrued 2,775,073 dividends l,24o - 5,361 TOTAL LIABILITIES 10,4.35 + 907,440 -3,711,883 243,696,901 C A P I T AL A C C O U N TS Capital paid in 206,885 102 + 7,i48 Surplus (Section 7) 466,711 + 18,522 Surplus (Section 13t>) 27,543 + 5,954 + 64,459 Other capital accounts 152,706 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1J4, 550,746 + 911,292 -3,621,754 Ratio of gold certificate reserves ~o deposit and F. R. note liabilities combined 57.2f .1% 6.272 0 Contingent liability on acceptances purchased for foreign correspondents 2,ll6 4o6 + 1,214 Commitments to make industrial loans 1,339 700 - 4,702 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.lf.i(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH SEPTEMBER ll+, I9h9 (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 22,851,1+30 837,321+ 7,550,058 117l+,732 l62i+,580 1112*221+ 952,195.1+1+37,551 799,790 i+66,163 832,531 627,927.2716,355 Redemption fund fcr F. R. notes 552,180 50,729 1+5*14+5 1+6,318 60,988 51,385 ki,lhk 8l+,829 1+3,1+62 22,557 35,181 26,51+2 1+5,602 Total gold certificate reserves 25,1+03,610 888,053 7,375,503 1221,050 1685,568 1163,607 1023,339 1+522,380 753,252 1+88,720 867,712 65^,1+69 2759,957 other cash 266,167 32,782 1+7,917 11,86? 26,952 19.-067 21,087 32,163 11,719 6,681 12,139 10,755 35>ol+0 Discounts and advances 123,066 6,502 1+5,157 7,729 12,282 6,538 l+,557 16,197 3,81+6 2,1+68 l+,657 3,681 9,1+72 Industrial loans 601 578 1 22 > U. S. Govt, securities: Bills 3,576,510 21+6,736 81+7,597 21+3,625 329,865 229,601 191,71+8 535,676 193,282 115,782 172,989 15l+,?02 316,907 Certificates 5,6oo,ioo 386,31+1 1,327,167 381,467 516,505 359,510 300,237 835,630 302,61+1 131,292 270,865 21+2,233 1+96,211+ Notes 293,100 20,565 70,61+7 20,306 27,1+91+ 19,137 15,982 l+i+,1+82 16,110 9,650 11+,1+19 12,891+ 26,1+11+ Bonds 7,775,200 536,395 1,81+2,61+5 529,631 717,111+ 1+99,11+5 1+16,852 1160,192 1+20,187 251,707 376,0?! 356,516 638,91+5 Total U.S.Government securities 17,21+9,910 1190,037 .i+,086,056 1175*029 1590,976 1107,393 92l+,8l9 2573,980 952,220 558,1+51 85l+,3l+!+ 7l+6,ll+5 1528,1+80 Total loans and securities 17,375,577 1196,559 1+,155,195 1185,556 1603,259 1115,955 929,576 2590,177 956,066 560,899 859,001 71+9,826 1557,952 Due from foreign banks 1+8 3 1 / 15 I4. I4. 2 2 7 2 1 2 2 1+ F.R.notes of other banks 128,1+81 8,857 lB",958 6,159 6,377 11,058 11,392 18,619 6,983 7,551+ 7,9li0 l+,ll+l 20,1+63 Uncollected items 3,205,301 255,815 581,083 199,185 302,301+ 28l+,80l+ 206,590 517,719 171,216 100,255 166,875 11+0,601 278,85=> BanK premises 32,865 l,ll+8 7,91+6 3,009 l+,75u 2,1+99 1,538 3,177 1,910 1,156 2,351+ 730 2,61+1+ O oner assets ll+0,69? 9,669 52,699 9,238 13,182 9,l!+l 7,1+51 21,1+10 8,613 1^,1+36 6,721 5^860_. 12^2LL T0TAL ASSETS l+l+,550 ,7l+6 2392,866 12,197,291+ 2633,81+8 361+2,1+00 2601+.,131 2200,775 7705,652 1889,761 1169,702 1902,71+2 1566,532 1+61+5,193 1/ After deducting $35,000 participations of other Federal Reserve PATIICS. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l;.l(c) STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BANKS ON SEPTEMBER lU, 19l*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 23,321;, 163 1377,21*0 5,33U,309 1598,1*80 2063,1*10 1571*.312 1275,809 U50l,363 1070,219 610,373 911;,371 613,503 2390,769 Deposits; Member bank-reserve acct. 16,321,905 696,196 5,501*, 116 71*5,892 1189,030 662,650 61*2,313 255U.153 579,120 I4 08,602 758,089 751,1*57 1830,287 U.S.Treasurer-general acct. 33li*H6 20,U87 35.53U 20,000 28,301; 32,61*8 23,698 33,992 33,709 26,260 23,021; 23,096 33,361; Foreign 1*21,930 26,21*6 1/136,956 33,328 38,327 20,1*13 17,081 57,U91 Hi,998 10,1*15 H*,998 11*, 581 37,096 Other 509,281 l*,2i6 "1*1*1*, 563 1,718 1*,795 l*,ooi 710 3,172 6,516 1,01*6 2,21*3 512 35,789 Total deposits 17,587,232 71*7,11*5 6,121,169 800,938 1260,1*56 719,712 683,802 261*8,808 631*, 31*3 1*1*6,323 798,351; 789,61*6 1936,536 Deferred availability items 2,775,073 213,187 1*81*, 111 166,1;80 239,102 261 4 ,50l; 203,000 1*36,395 150,908 89,1*90 156,396 130,917 21*0,583 Other liabilities including accrued dividends io,l*33 695 2,896 580 1,073 51*0 1*61 1,797 1*1*6 356 366 383 81*0 TOTAL LIABILITIES 1*3,696,901 2338,267 ll,9l*2,li85 2566,1*78 3561*,CtU 2559,068 2163,072 7588,363 1855,916 111*6,51*2 1869,1*87 1531*,1*51* 1*568,728 Capital paid i n 206,885 11,537 70,992 15,016 19,335 9,083 8,135 26,009 6,812 U,563 7,223 8,310 19,870 Surplus (Section 7) 1*66,711 29,31*7 H*3,019 36,701; 1*3,968 22,1*17 20,028 68,81*2 17,971* 11,797 17,008 ll*,95l* 1*0,653 Surplus (Section 13b) 27,51*3 3,011 7,319 1*,1*89 1,006 3,31*9 762 i,U29 521 1,073 1,137 1,307 2,ii*0 Other capital accounts 152,706 10,701* 33,1*79 H,l6l H*,050 10,211; 8,778 21,009 8,538 5,727 7,887 7,357 13,802 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*1*,550,71*6 2392,866 12,197,291* 2633,81*8 361*2,1*00 26oi*,i3i 2200,775 7705,652 1889,761 1169,702 1902,71*2 1566,382 1*61*5,193 Contingent liability on acceptances purchased for foreign correspondents 2,116 133 2/ 669 169 195 101* 87 292 76 53 76 71* 188 Commitments to make industrial loans 1,339 60 107 1,057 15 — 27 — ~ — — 73 F.R. notes outstanding 21*,059,005 11*27,026 5,1*99*075 161*2,327 2133,278 1621,730 1327,700 1*591,61*2 110)1,661* 622,75!* 91*0,815 61*1,772 2506,222 Collateral for F.R. notes held by F.R. Agents: Gold certificates ll; ,219,000 1*1*0,000 1;,670,000 750,000 1000,000 650,000 675,000 3020,000 31*0,000 210,000 280,000 181*,000 2000,000 Eligible paper 21,863 1,002 13,650 7U5 — 2,260 — ~ 703 285 1,515 — 1,703 U.S. Govt, securities 10,850,000 1100,000 1,000,000 1000,000 1150,000 1000,000 700,000 1600,000 850,000 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 1237556 33,1*82 67858 H* ,1*53 68,269 IT Industrial loans 601 551 1* 30 13 U.S. Govt, securities 17,21*9,910 1,282,096 2,165,153 1,002,628 908,833 1,602,300 3, Oil;, 800 1,826,100 5MS,000 l/ After deducting $2814,9511-,000 participations of other Federal Reserve Banks, 5"/ After deducting $1,]4J7#000 participations of other Federal Reserve Banks* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis