H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.l*,l (For Immediate Release) Sept. 22, 19i+9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 21 member bank reserve balances decreased $562,000,000, Reductions in member bank reserves resulted from increases of $1+67,000,000 in Treasury deposits with Federal Reserve Banks, $53,000,000 in nonmember deposits and other Federal Reserve accounts and $2,000,000 in Treasury cash, and a decrease of $171,000,000 in Reserve Bank credit, offset in part by a decrease of $89>QOO,GOO in money in circulation and an increase of $1+2,000,000 in gold stock, Excess reserves of member banks on September 21 were estimated to be approximately $600,000,000„ Holdings of loans, discounts and advances increased $23,000,000 while holdings of United States Government securities decreased $96,000,000 The # reduction in holdings of United States Government securities reflects decreases of $237,000,000 in bonds and $1+5,000,000 in bills and an increase of $186,000,000 in certificates* Changes in member bank reserve balances and related items during the week and the year ended September 21, 19^9 were as follows; Increase or decrease since Sept, 21 „ Sept* ll+, Sept.. 22, 191*9 191+9 19U8 (In millions of dollaarrss)) U* S Government securities 17,15% - 96 -i+,-706 9 Loans, discounts and advances 11*7 f 23 - I63 - us Other Reserve Bank credit 332 - 98 Total Reserve Bank credit 17,633 -171 -h,9i2 Gold stock 2!+, 691 + h2 + 826 Treasury currency 4,591 - 1 + 21 Member bank reserve balances 15,760 -562 -2,93k Money in circulation 27,365 ~ 89 - 718 Treasury cash 1,311* + 2 5 Treasury deposits with F, R* Banks 801 4*67 - 635 llor.member deposits and other F R, accounts # 1,675 + 53 + 226 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION Hj a(a) 4 OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (in thousands of dollars) Increase or • decrease since Sept. 21, Sept, l4> Sept. 22, 1949 1949 1948 AS S E TS Gold certificates 22,889,1*31 + 38,001 + 901,761 Redraiption fund for F* R # notes 550.597 • 1,583 - 68,077 Total gold certificate reserves 23,1+40,028 + 36,418 + 833,684 Other cash 278,659 + 12,492 7,282 Discounts and advances li.6,170 + 23,104 - 163,171 Industrial loans 595 16 371 U* S» Govt* securities: Bills 3,532,37!+ - 4L,136 -2,61+9,868 Certificates 5,785,400 +185,300 + 896,031 Notes 298,100 -1,546,400 Bends 7,538,200 -237,000 -1,1,05,626 Total u 4, S. Government securities 17,l5l+,07l+ - 95.836 -4,705,863 Total loans and securities 17,300,829 -- 7722,,774488 -4,869,405 Due from foreign banks 1+8 - l F» R* notes of other banks 132,61+0 ++ 44,,115599 - i9,84o Uncollected items 3,092,213 --111133,,008888 + 5^.771+ Bank premises 32,872 ++ 77 + 494 Other assets 122,130 -- 1188,,556677 - 39,93i+ TOTAL ASSETS 1^,399,1119 --115511,,332277 -4,032,946 L I A B I L I T I ES Federal Reserve notes 23,21+8,420 - 75,743 - 748,1+87 Deposits ; Member bank-reserve account 15,759,802 -562,103 -2,93li,211 U,S» Treasurer-general account 801,350 +467,234 - 634,762 Foreign 434, 507 + 12,577 + 33,306 Other 527,440 + 18,159 + 70,181+ Total deposits 17,523,099 - 64,133 -3,465,483 Deferred availability items 2,766,206 - 14,867 + 97,827 Other liabilities including accrued dividends 10,033 400 5,901 TOTAL LIABILITIES 43,541,758 -155.11+3 -4,122,044 C A P I T AL A C C O U N TS Capital paid in 206,968 83 + 7,lhi Surplus (Section 7) 1+66,711 + 18,522 Surplus (Section 13b) 27.5U3 Other capital accounts 156,1+39 + 3,733 + 63,435 TOTAL LIABIHTIES AND CAPITAL ACCQJNTS 1+4,399,419 -151,327 -4,032,946 Ratio of gold certificate reserves to deposit and F. R# note liabilities combined 57.5/0 7*2% Contingent liability on acceptances purchased for foreign correspondents 3,311 + 1,195 + 2,535 Commitments to make industrial loans 1,148 191 5.168 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.I*.Ub) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BMKS OV. SEPTEMBER 21, 191+9 (in thousands of dollars) A S S E TS Total Boston New York Phi la« Cleve. Rich* Atlanta Chicago St.Louis Minn, Kans.Cy.. Dallae SanFr&n. Gold certificates 22,889,1+51 863,932 7,185.166 1202,690 1646,099 1127,1+26 980,831 1+569*801 700,778 1+1+5,238 799,271+ 652,1+10 2710,786 Redemption fund for F. R. notes 550.597 50,572 44,671 46,021+ 60,71+2 52,096 1+0,971 81+,576 1+3,585 22,519 55,116 26,484 1+3,1+1+1 L Total gold certificate reserves 23,1+1+0,028 919,5°!+ 7,229,857 121+8,711+ 1706,81+1 1179.522 1021,802 1+654,577 744,163 1+67,757 854,390 678,894 2754,227 Other cash 278,659 56,950 46,070 12,728 25,795 19,554 22,285 54,769 12,455 7,151 12,670 15,453 57,019 Discounts and advances 146,170 5,972 51,555 7,525 22,850 8,890 9,214 l4,9?0 5 >8o4 5.010 16,394 3,795 14,1+15 Industrial loans 585 --- ~—- 571 1 13 —- -— —~ U, S» Govt, securitiesj Bills 5,532,374 243,691 837,13? 240,618 325,794 226,768 189,581 527.090 190,89? 114,554 170,854 152,795 512*997 Certificates 5,785,400 399,124 1,371,082 394,090 535,595 371.405 310.175 865,280 512,655 187,291 279,827 250,248 512,652 Notes 298,100 20,565 70,64? 20,506 27,494 19,157 15.932 1+4,482 16,110 9,650 14,419 12,894 26,4l4 Bonds 7,538.200 520,045 1,786,478 515,48? 695,256 483,950 4o4,i45 1124,828 4o?,379 2l+4,Q54 564,608 526.065 667.945 Total U.S-.G-overnment securities 17,154,074 1185,425 4,065,344 1168,501 1582,13? 1101,240 919.6812559,680 927,041 555.329 829,708 742,0001519,988 '»'—'" Q» n»r^wi-i»l«'ii i.wnmi.1 .«,,•• 1,1 , ,. ... ,. «„ ,„ 1 .,„, ,, , .1 1 „-,j 1. ir.mi.rKH • ,.i. .....i i.n«rn, wmfi r,i „i _<;•. • , .. ,.,.m... .it«» • nn.(l • i mm .., i ,......,.<. „ .«• a, ....1 ,fcni.i|. i »Wi,..- » ^ » « umiiKi »»M»«I ,..,,,«, n ,. , • Total loans and securities 17.300,829 1189.397 4,096,699 1176,597 1604,968 1110,143 928,895 2574,650 932,845 560,339 846,102 745,793 1534,401 Due from foreign banks I48 3 l/ 15 4 U 2 2 7 2 1 2 2 4 F.R*notes of other banks 132,61+0 8,203 lB",660 5,039 7,^12 13,645 11,568 19,496 6,8?2 8,102 8,119 5,493 20,031 Uncollected items 3,092,213 240,533 562,320 189,886 503,516 272,566 191,063 474.210 169,515 90,560 167,127 150,915 280,002 Bank premises 32,872 l,l48 7,946 3,009 ^,754+ 2,499 1,538 3,177 1,910 1,156 2,360 730 2,645 Other assets 122,130 8,592 27.741 7,994 11,625 7,701 6,495 18,719 7.653 3,825 5.815 5,294 10,676. TOTAL ASSETS 44,399,419 2404,330 11,989,288 2643,971 3662,915 2605,432 2183,648 7779,405 1875,4l5 1138,869 1876,585 X&00,55h 4639,007 1_/ After deducting $33,000 participations of other F&deral Res&rve Baraks * Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.ii.l(c) STATEMENT OF CONDITION W THE FEDERAL RESERVE BANKS ON SEPT. 21, 19^9 (in thousands of dollars) L I A B I L I T I ES Total Boston New York Phi la., Cleve, Rich, Atlanta Chicago St. Louis Minn, Kans„Cy, Dallas San Fran, Federal Reserve notes 23,21*8,1*20 1373,718 5,322,5uU 1594,589 2056,867 1569,639 1270,613 1*489,794 1067,972 609,731 909.3U2 612,302 2371,309 Deposits : Member bank-reserve acct. 15,759,802 679,611* 5,196,836 732,012 1153,11*9 659,367 615,362 2U66,445 566,881 385,292 733,172 745,373 1826,299 U.S.Treasurer-general acct, 801,350 39,457 125,2m 50,132 51,103 53,383 41,936 244.U35 27,977 27,135 22,625 58,253 54,500 Foreign 1*34,507 27,115 1/12*0,095 34,2*32 39,597 21,090 17,646 59,395 15,494 10,760 15,494 15,06a 38,325 Other 527,14*0 3,884 - 1*60,615 1,61*8 i;,822 2,692 U99 3,876 10,116 85U 1,233 1*2*1 36,760 T^ fi cie?ffill 17,523,099 750,070 5,922,760 818,224 1248,671 741,532 675,443 2774,151 620,468 2*22*,Oiil 772,724 819,131 1955,881* DeTerrea availability itCDS 2,760,206 224,955 485,575 162,997 277,458 22*8,1*73 199,229 395,913 152,532 81,4 53 160,786 136,591 234,244 ' L:!ier liabilities including :rued dividends 10,033 680 2,737 532 1,200 469 451 1,681 388 353 360 437 71*5 TOTAL LIABILITIES 45,541,758 23119,423 11,733.616~257S7352 3582*,196~25£o,ll3 212*5,736" 7661,539 1841,360 1115,578 18U32l2~l568,461 1*562,182 s Capital paid in 206,968 11,537 70,993 15,016 19,342 9,098 8,157 26,017 6,830 4,563 7,223 8,319 19,888 Surplus (Section 7) 466,711 29,347 143,019 36,704 2*3,968 22,iil7 20,028 68,842 17,974 11,797 17,008 l2*,95l* 1*0,653 Surplus (Section 13b) 27,543 3,011 7,319 4,U89 1,006 3,349 762 1,2*29 521 1,073 1,137 1,307 2,12*0 Other capital accounts 156.U39 11,012 34,3Ul H,ii20 14,1*03 10,1*55 8,985 21,578 8,730 5,853 8,005 7,513 14,11*4 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*4,399,419 240i*,330 11,989,288 2643,971 3662,915 2605,1*32 2183,61*8 7779,1*05 1875,415 1138,869 1876,535 1600,554 4639,007 Contingent liability on acceptances purchased for foreign correspondents 3,3H 202 2/1,119 256 295 157 131 442 116 80 116 112 285 Coin-d ti-uents to make industrial loan* 1,11*8 60 — 110 863 15 — 27 73 F.R, motes outstanding 24*003,108 lii29,860 5,479,332 l635,03li 2125,694 1617,301; 1321,332 4534,491 1110,194 622,291 936,006 644,162 21* 97, h 08 Collateral for F.R, notes held Toy F.R. Agents«, Gold certificates 14,279,000 1*1*0,000 4,670,000 750,000 1000,000 650,000 675,000 3020,000 1*00,000 210,000 280,000 18l*,000 2000,000 Eligible paper 32,853 302 2,865 325 — 4,1*80 — — 2,561* 2,760 13,154 -- 6,403 U.S. Govt, securities 10,800,000 1100,000 1,000,000 1000,000 1150,000 1000,000 700,000 1600,000 800,000 1*50,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within L6 £0 "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 lliSTITC 5'2,295 -S2TT99 71,186 I7OD3- Industrial loans 585 54 5 " 8,837 3 20 13 U.S. Govt, securities 17,154,074 2,659,560 858,878 i,263,Uoe 1,338,200 3,2< ),100 1,826,100 5,hhS,00C 559,83U 1/ After deducting $291^39^^000 participations of other "Federal $eserre $&*&$* 2/ After deducting $2,192,000' participations of other Federal Resorts &*Kke 0 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis