H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Hj|»l (For Immediate Release) Ootober*13 I9k9. # CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 12 member bank reserve balances decreased $268,000,000 Reductions in member bank reserves resulted from increases of # $164,000,000 in nonmember deposits and other Federal Reserve accounts and of $70,000,000 in money in circulation and decreases of $119*000,000 in Reserve Bank credit, offset in part by decreases of $61,000,000 in Treasury deposits with Federal Reserve Banks and $25,000,000 in Treasury cash,. Excess reserves of member banks on October 12 were estimated to be approximately $960,000,000, Holdings of loans, discounts and advances decreased $3,000,000 and holdings of United States Government securities decreased $132,000,000, The change in holdings of United States Government securities reflects decreases of $138,000,000 in bills and $ljl4-,000,000 in certificates* Changes in member bank reserve balances and related items during the week and the year ended October 12, I9L& were as follows: increase or decrease since Oct. 12, Oct, 5, Oct. 15, I9h9 I9k9 19h8 (In millions of dollars) V* S* Government securities 17,779 -182 +5,522+ Loans, discounts and advances 110 - 3 - 391 Other Reserve Bank credit 399 + 68 + 236 Total Reserve Bank credit 18,287 -119 -5,680 Gold stock 2h,&>U — + 6^9 Treasury currency k,592 - 1 + 20 i'.>nler bank reserve balances 16,116 -268 -3,72U ky)i:i.y in circulation 27,5h6 + 70 - 7?6 rrr-^sury cash 1,296 - 25 — o1 'lir.as-iry deposits with F« R* Banks 551 - 61 -1,000 IIonTr.r.-;r,}.or deposits } other F# R« accounts 1,973 + 161; + hbl nnr Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.l^Ua) OF THE TWELVE FEDERAL RESERVE BANKS COMBINER (in thousands of dollars) Increase or decrease since Oct. 12, -Oct. 5, Oct. 13, 19J49 .. 19*49 19liS A S S E TS Gold certificates 22,807,1*31 + 9,999 + 71*8,998 Redemption fund for F. R. notes 5l*7,90l* 363 - 83,057 Total gold certificate reserves 23,355,335 + 9,636 + 665,9U1 Other cash 255,162 + 1,388 2,670 Discounts and advances 108,733 - 3,726 - 390,971 Industrial loans 9U6 + 50 16I4 U. S. Govt, securities: Bills 1*, 166,1*21* -139,050 -2,277,922 Certificates 5,775.900 - 1*3,500 - I;3l4,569 Notes 298,100 - 611;, 000 Bonds 7.538,200 -2,197,7514 Total U, S« Government securities 17,778,621* -182,550 -5,52li,2l45 Total loans and securities 17,888,303 --118866,,222266 -5,915,383 Due from foreign banks 35 Hi F. R« notes of other banks 105,106 -- 33,,225533 - 10,255 Uncollected items 2,62lt,052 ++112222,,558833 - 21*2,229 Bank premises 32,828 ++ 11**33 + 519 Other assets 113,728 ++ 33,,8811**11 - 59,098 TOTAL ASSETS I4I*, 37*4,51*9 -- 5511,,998888 -5,563,189 L I A B I L I T I ES Federal Reserve notes 23,361,983 + 53,866 - 765,201* Deposits: Member bank-reserve account 16,115,956 -268,1*35 -3,723,6147 U.S. Treasurer-general account 551,389 - 60,1*86 -1,000,028 Foreign 557,790 + 9,078 + 102,521 Other 681,171 +1514,659 + 220,1*77 Total deposits 17,906,306 -165,182* -U, l*oo,677 Deferred availability items 2,225,389 + 55,31^6 - I*77,i*li3 Other liabilities including accrued dividends 12,353 + 585 3,669 TOTAL LIABILITIES U3#506,031 - 55,387 -5,61*6,993 C A P I T AL A C C O U N TS Capital paid in 207,033 13 + 7,031 Surplus (Section 7} 1*66,711 + 18,522 Surplus (Section 13b) 27,51*3 Other capital accounts 167,231 + 3,386 + 58,251 TOTAL LIABILITIES AND CAPITAL ACCOUNTS W*,37U»5U9 - 51,988 -5,563,189 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined i 56.6?2 ,2% 7*7% Contingent liability on acceptances purchased for foreign correspondents 3,670 11*8 2,397 Commitments to make industrial loans 1,892 55 14,231 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l+.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 12, 191+9 (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 22,807,1+31 83l+,l97 7,291,336 1177,1+66 1591,879 1118,1+16 991,101+1+1+17,975 727,055 1*75,131; 826,676 61+l+,30l+ 2711,889 Redemption fund for F. R. notes 5hl,901+ 50,353 1+3,681+ 1+5,606 60,1+13 52,302 1+0,757 8l+,237 1+3,295 22,1+91+ 35,01+1 26,1+23 1+3,299 1 '.. f.51- . • m ii 1 • •- "ii 1 1 11 1 1 1 • • in. mi 1 1 ii III 1 .11..11 • , , 1. 1,. 11 111 [ ,i 11 n,.iiii .1 ,. 1, .i i 11 1 Total gold certificate reserves 23,355,335 881+.550 7,335,020 1223,072 1652,292 1170,718 1031,861 1+502,212 770,350 1+97,628 861,717 670,727 2755,188 other cash 255#l62 29,235 1+6,180 12,358 2l+,6o6 15,283 19,775 3h,hQ9 13,561+ 5,569 10,291 12,108 31,701+ Discounts and advances 108,733 8,996 31,522 7,683 10,561+ 6,513 i+,101 12,759 5,037 2,300 6,772 3,71+8 8,738 Industrial loans 9I+6 836 1 96 — 13 U. S. Govt, securities: Bills i+,166,1+21+ 287,1+33 987,1+01 283,808 381+,273 267,1+72 223,37!+ 621,701 225,162 13l+,880 201,522 180,219 369,179 Certificates 5,775,900 398,1+69 1,368,830 393 ,Uh3 532,717 370,795 309,661+ 861,862 312,11+2 186,981+ 279,368 21+9,836 511,790 Notes 298,100 20,565 70,61+7 20,306 27,1+91+ 19,137 15,982 l+l+,l+82 16,110 9,650 ll+,1+19 12,891+ 26,l+il+ Bonds 7,538,200 520,01+5 1,786,1+78 513,487 695,256 1+83,930 l+o!+,ll+5 H2l+,828 1+07,379 2l+U,Q3l+ 361+,6o8 326,065 667,91+5 Total U.S.Government securities 17,778,621+ 1226,512 1+,213,356 1211,01+1+ l639,7l+0 Hl+1,334 953,165 2652,873 960,793 575,51+8 859,917 769,011+ 1575,328 Total loans and securities 17,888,303 1235,508 l+,2l+l+,878 1219,563 1650,305 lil+7,9l+3 957,266 2665,632 965,830 577,861 866,689 772,762 158l+,o66 Due from foreign banks 35 2 l / ll 3 3 2 2 5 1 1 1 1 3 F..R.notes of other banks 105,106 1+,921 l5,2l+3 3,01+8 7,760 11,267 10,690 ll+,128 7,265 i+,1+1+9 5,826 5,013 lkh9^ r Uncollected items 2,62i+,052 200,921+ 1+50,61+5 152,132 191,1+51 221,519 197,901 1+19,369 209,116 96,973 183,333 Hl+,555 186,131+ Bank premises 32,828 l,ll+3 7,927 3,003 2+,7l+5 2.1+92 l,53i+ 3,172 1,906 1,153 2,31+6 726 2,681 Other assets 113,728 7,921 26,711 7,395 10,698 7,025 5,955 17,386 7,128 5,535 5,559 l+,753 9,882 TOTAL ASSETS l+l+,57l+,5l+9 2561+,20i+ 12,127,615 2620,571+ 35i+l,86o 2576,21+9 222l+,961+ 7656,593 1975,160 1187,169 1935,562 1580,61+5 l+58l+,15l+ l/ After deducting $2l+,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(c) STATEi-flSNT OF CONDITION OF THE FEDERAL RESERVE JJAWKS Oil OCTOBER 12, 1949 (in thousands of dollars) LJ_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 23,361,983 1381,307 5,31*3,1*00 1602,550 2051,761; 1582,031; 1281,502 14*97,153 1077,335 611;, 3 56 9114,908 621;,1*51* 2391,220 Deposits: Member bank-reserve acct. 16,115,956 663,833 5,372,395 71*0,263 HliU,207 67l*,598 637,930 2555,132 601,1*57 399,637 735,585 770,035 1820,881; U.S.Treasiirer-ceneral acct. 551,389 36,1*96 106,991* 27,706 1*2,777 38,082 38,881; 55,1*13 1*8,950 37,1*1*5 l*3,ooi 30,31*2 1*5,299 Foreign 557,790 3l*,6o6 j/182, 0b9 1*3,91*1* 50,535 26,916 22,521 75,803 19,775 13,733 19,775 19,226 1*8,907 Other 681,171 3,71*1 1*68,81*3 811 5,1*73 I;,686 21;, 729 26,91*1 1*9,917 21,309 36,089 1*56 38,171 Total deposits 17,906,306 733,676 6,130,286 812,721; 12i;2,992 71*1*,282 721*,061; 2713,289 720,099 1*72,121* 83l*,!*50 820,059 1953,261 Deferred availability items2,225,389 187,972 392,101 136,187 166,102 203,312 180,31*5 321* ,1*20 11*2,558 76,603 151,788 103,108 160,893 Other liabilities including accrued dividends 12,353 700 3,518 731* 1,237 61*3 5U3 2,036 553 1*56 507 1*89 937 TOTAL LIABILITIES 1*3,506,031 2308,655 11,669,305 2552,195 31*62,095 2530,271 ?186,U51* 7536,898 191*0,51*5 1163,539 1901,653 151*8,110 1*506,311 Capital paid in 207,033 11,518 71,001; 15,018 19,31*6 9,H6 8,11*0 26,025 6,835 1*,573 7,226 8,31*0 19,892 Surplus (Section 7) 1*66,711 29,31*7 11*3,019 36,701; 1*3,968 22,1*17 20,028 68,8i;2 17,971* 11,797 17,008 H*,95U 1*0,653 Surplus (Section 13b) 27,51*3 3,011 7,319 1*,J*89 1,006 3,31*9 762 i,U29 521 1,073 1,137 1,307 2,H*o Other capital accounts 167,231 11,673 -36,968 12,168 15,1*1*5 11,096 9,580 23,199 9,285 6,187 8,538 7,93l* 15,158 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS U*,37i*,549 2361*,20>* 12,127,615 2620,571* 351*1,860 2576,21*9 2221;,96U 7656,393 1975,160 1187,169 1935,562 1580,61*5 l*58l*,l5l* Contingent liability on acceptances purchased for foreign correspondents 3,670 231 2/ 1,160 291* 338 180 150 506 132 92 132 128 327 Commitments to make industrial loans 1,892 60 — 876 81*5 15 — 26 70 F.R, notes outstanding 2l*,031,ll;l 11*32,579 5,1*93,939 161*0,781 2122,U1*8 1620,381 1330,71*1 1*571,829 1119,067 626,001; 938,177 653,700 21*81,1*95 Collateral for F.R. notes held by F.R. Agents: Gold certificates li* ,279, 000 1*1*0,000 1**670,000 750,000 1000,000 650,000 675,000 3020,000 1*00,000 210,000 280,000 181*,000 2000,000 Eligible paper 13,713 3,200 2,1*50 323 2,005 1,725 3,1*60 550 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 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 108,733 22;, 882 5,611 68,811* 9,1*05 19 2 Industrial loans 9U6 810 3 5 1*0 81 7 U.S. Govt, securities 17.778.621* 920,812 621,125 1,186,733 2,1*11*, 551* 1,055,100 l*,306,2O0 — 1,826,100 5,1*1*8,000 l/ After deducting $375,721,000 participations of other Federal Reserve Banks. 2~/ After deducting $2,510,000 participations of other Federal Reserve Bank;?. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis