H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U#1 (For Immediate Release) Sept. 29, 1949 CONDITION OP THE FEDERAL RESERVE BANKS During the week ended September 28 member bank reserve balances increased $256,000 000. Additions to member bank reserves resulted from an increase of f $76i|. 000,000 in Reserve Bank credit and decreases of $17,000,000 in money in # circulation and $3,000,000 in Treasury cash, offset in part by increases of $369,000,000 in Treasury deposits with Federal Reserve Banks and $69,000,000 in nonmember deposits and other Federal Reserve accounts,, and a decrease of $89,000,000 in gold stock. Excess reserves of member banks on September 28 were estimated to be approximately $910,000,000. Holdings of loans, discounts and advances increased $154,000,000 and of United States Government securities $698,000,000. The change in holdings of United States Government securities reflects increases of $684,000,000 in bills and $14,000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year ended September 28 „ 1949 were as followst Increase or decrease since S§pt ,28„. Sept. 21,. Sept* 29, # 1949 1949 1948 (In millions of dollars) U* St. Government securities 17,852 +698 -5 Mo Loans, discounts and advances 301 +154 - 57 O^her Reserve Bank credit - 88 - 69 Total Reserve Bank credit 18,397 +761+ -5,556 Gold stock 2i+,602 - 89 + 730 Treasury currency k,590 - 1 + 17 Member bank reserve balances 16,016 +256 -3,868 Money in circulation 27,348 - 17 - 732 Treasury cash 1,3H - 3 - 13 Treasury deposits with F. R. Banks 1,170 +369 - 490 Nonmember deposits and other F. R# accounts + 69 + 29k Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF COITOITION E.k*l(8i) OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (in thousands of dollars) Increase or decrease since Sent, 23, Sept. 21, Sept, 29, 1949 I9U9 19U8 A S S E TS Gold certificates 22,799,14.28 - 90,003 + 811,758 Redemption fund for F, R notes 550,560 - 37 - 64,971 # Total gold certificate reserves "23", $&, 9bB" - 90,040 + 746,787 Other cash 277,194 * 1,465 1,1+02 Discounts and advance 299,838 +153,668 - 57,218 Industrial loans 673 + 88 - 336 U. S Govt, securities* t Bills 4,215,774 +683,400 -2,759.631 Certificates 5,799*900 + 14,500 + 638,331 Notes 298,100 ~ -1,644,400 Bond* 7,538,200 — -1,664,233 Total U» S. Government - . • PQourlties 17,851,974 +697,900 -5,429,955 Total loans and securities 18,152,485 +851,656 -5,487,487 Due from foreign banks [$ — - 1 ?. R. notes of other banks 131,250 - 1,390 - 22,470 Uncollected items 2,460,200 -632,013 - 297,493 i-nk premises 32,828 - 44 + 490 Ghhor assets 126,595 + 4,463 - 44,792 TOTAL ASSETS 44,530,586 +131,167 -5,103,564 L I A B I L I T I ES federal Reserve notes 23,225,540 - 22,880 - 766,519 ^posits * lumber bank-reserve account 16,015,628 +255,826 -3,867,883 l\3 Treasurer-general account 1,170,359 +369,009 - 489,548 # Foreign 517,34-1 + 82,834 + 107,042 0ther 511,715 - 15,725 + 57,653 Total deposits 18,215,043 +691,944 -4,192,756" Deferred availability items 2,215,979 -544,227 - 228,834 Other liabilities including accrued Dividends 12,515 + 2,482 3,450 TOTAL LIABILITIES 43,669,077 +127,319 -5,191,539 C A P I T A L AC C O U H IS Capital paid in 207,013 • 45 + 7,154 Surplus (Section 7) 466,711 — + 18,522 Surplus (Section 13b) 27,543 Other capital accounts 160,242 + 3,803 + 62,299 TOTAL LIABILITIES AND CAPITAL ACC0OTT3 44,530,586 +131,167 -5,103,564 xvE.tio of gold certificate reserves vvO deposit and F. R. note "-labilities combined 56* 3# - 1*2$ 7*6$ Contingent liability on acceptances purchased for foreign correspondents 3,691 + 38O 2,917 Commitirerts to make industrial loans 1,182 + 34 5,080 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4*l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBE R2.8,. 1949 (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 22,799,428 867,229 7,221,880 1215,857 1702,116 1105,757 980,076 4507,350 672,212 452,274 785,145 618,475 2671,057 Redemption fund for F. R. notes 550,560 50,572 44,671 46,024 60,71+2 52,096 40,971 84,544 1+5,585 22,519 35,116 26,479 45,44l Total gold certificate reserves 23,349,988 917,801 7,266,551 1261,881 1762,858 1157,853 1021,047 4591,894 715,597 474,793 820,261 644,954 2714,1+98 other cash 277,194 33,740 49,251 12,084 25,691 18,687 19,912 35,1+05 12,065 6,654 15,070 15,701 56,956 Disco-ants and advances 299,858 10,417 Il8,8l4 10,780 16,868 14,561+ 14,576 68,171 14,422 8,988 9,652 5,843 8,943 Industrial loans 675 578 1 94 U. S. Govt, securities: Bills 4,215,774 288,879 1,020,766 285,255 586,205 268,816 224,498 624,827 226,295 135,557 202,536 181,125 371,055 Certificates 5,799,900 400,124 1,574,518 595,078 534*931 372,337 310,950 865,1+43 313,438 187,761 280,528 250,875 513,917 Notes 298,100 20,565 70,647 20,506 27,494 19,137 15,982 44,482 16,11 0 9,650 14,419 12,894 26,414 Bonds 7,538,200 520,045 1,786,478 513,487 695,256 485,950 4o4,i45 1124,828 407,579 244,054 564,608 326,065 667,945 Total U.S.Government securities 17,851,974 1229,613 4,252,409 1214,106 1643,886 1144,220 955,575 2659,580 965,222 577,002 862,091 770,959 1579,311 Total loans and securities 18,152,485 1240,030 4,371,223 1225,464 l66o,755 1158,878 96>9,95l 2727,751 977,644 585,990 871,743 774,802 1588,254 Due from foreign banks 48 3 1 / 15 4 4 2 2 7 2 1 2 2 4 F.R.notes of other banks 151,250 10,277 lB",492 5,652 7,165 11,815 9,536 18,367 6,975 8,298 9,450 5,-048 20,595 Uncollected items 2,460,200 184,707 457,028 167,295 221,299 202,876 +48,259 406,570 155,494 76,226 138,313 119,216 224,919 Bank premises 32,828 l,l43 7,946 5,005 4,747 2,491 1,534 3,175 1,909 1,153 2,360 750 2,659 Other assets 126,595 8,753 29,242 8,293 11,974 8,100 6,700 19,295 7,894 5,978 5,917 5,494 10,955 TOTAL ASSETS 44,550,586 2596,454 12.179,748 2685,654 5694,495 2560,702 2176,741 7802,458 1855,580 1157,095 1861,116 1565,947 4598,600 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. 14.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 28* 191+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 23,225,5140 1369,909 5,323,062 1592,829 20>47,167 1571,613 1271,516 l;li77,638 1068,259 608,599 908,8145 615,830 2370,273 Deposits• Member bank-reserve acct, 16,015,628 658,91+!+ 5,391,079 71+3,1+95 1166,1145 6145,851 632,180 2566,072 562,1402 398,025 727,9014 711,218 1812,313 U.S.Treap.urer-general acct. 1,170,359 100,537 198,128 96,38U 161,2143 79,683 614,858 20i4,806 1+0,71+7 1+3,168 148,1480 711,703 57,622 Foreign 517,31+1 32,067 1/169,166 li0,720 146,828 2l4,9Ul 20,869 70,2142 18,321; 12,725 18,3214 17,815 1+5,320 Other 511,715 1|,298 h52,U37 1,771 5,03^ 2,387 711 2,3 86 5.1*72 2,165 158 536 31+.360 Total deposits 18,215,01^ 795,8U6 6,210,810 882,370 1379,250 752,862 718,618 28U3,506 626,91+5 1+56,083 79!+, 866 8014,272 191+9,615 Deferred availability it I7l+,97l 385,8l|0 139,880 187,587 190,057 1147,906 360,869 125,576 68,357 123,321+ 111,028 200,5814 Other liabilities including 2,215,979 accrued dividends 660 3,1+68 687 1,1+09 599 586 2,019 5*+0 636 1+93 556 862 12,515 TOTAL LIABILITIES 1+3,669,077 231+1,386 11,923,180 2615,766 3615,1+13 2515,131 2138,626 76814,032 1821,320 1133,675 1827,528 1531,686 1+521,331+ Capital paid in 207,013 11,538 71,000 15,016 19,31+1+ 9,111+ 8,138 26,018 6,830 l+,569 7,223 8,331 19,892 Surplus (Section 7) 1466,711 29,3147 1143,019 36,701+ i+3,968 22,l4l7 20.028 68,81+2 17,971+ 11,797 17,008 11+.951+ 1+0,653 Surplus (Secti on 13b ) 27,51+3 3,011 7,319 i+,1+89 1,006 3,31+9 762 1,1429 521 1,073 1,137 1,307 2,11+0 Other capital accounts 160,2142 11,172 35,230 11,679 Hi,762 10,691 9,137 22,137 8,935 5,979 8,220 7,669 li+,581 TOTAL LIABILITIES A I© CAPITAL ACCOUNTS Ui,530,586 2396,1* & I2,179,7l;8 2683,652* 36&,1*93 2560,702 2176,7m 7802,/ 58 1855,580 1157,093 1861,116 1563,9ii7 1*598,600 4 Contingent liability on acceptances purchased for foreign correspondents 3,691 233 2/1,168 295 339 181 151 509 133 92 133 129 328 Commitments to make industrial loans 1,182 60 -- iliu 863 15 — 27 — — -- ~ 73 F.R, notes outstanding 23,986,273 11426,522 5,i;78,382 16^1,036 2121,128 1618,159 1322,262 1* 576,14; 0 1110,967 620,179 956,509 6!*6,58l 21*88,108 Collateral for F.R. notes held by F.R. Agents- Gold certificates 114,279,000 14; 0,000 k,670,000 750,000 1000,000 650,000 675,000 3020,000 1; 00, GOO 210,000 280,000 181;, 000 2000,000 Eligible paper 132,678 JU,652 89,500 3fli60 ~ 10,080 ~ ~ 11,128 6,700 6,358 — 800 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 MATURIT Y D IS TRIBUTI ON OF LOANS AND SECURITIES Within 16 to 31 to bl 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 299,838 206,990 12 >h 52 66,310 HHii,, 006611;; 20 2 Industrial loans 673 552 3 h 36 13 65 U.S. Govt, securities 17,851,971+ 2590,562 651,978 1,019,700 1,762,831+ 1,356,200 3,196,600 — 1,826,100 5,1+1,8,000 After deducting $3148,156,000 participations of other Federal Reserve Banks. 1/ 2/ After deducting $2,523,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis