H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOAiRD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.i+.l (For Immediate Release) October 20, I9k9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 19 member bank reserve balances increased $289*000,000. Additions to member bank reserves resulted from decreases of $23^,000,000 in Treasury deposits with Federal Reserve Banks, $119,000,000 in money in circulation, and $99*000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by decreases of $130,000,000 in Reserve Bank credit and $19,000,000 in gold stock and an increase of $1^,000,000 in Treasury cash. Excess reserves of member banks on October 19 were estimated to be approxi mately $1,11*0,000,000. Holdings of loans, discounts and advances increased $13,000,000, while holdings of United States Government securities decreased $113,000,000. The change in holdings of United States Government securities reflects a decrease of $113,000,000 in bills. Changes in member bank reserve balances and related items during the week and the year ended October 19, 19h9 were as follows* Increase1 or decrease since Oct. 19, Oct. 12, Oct. 20, 1 I9h9 1949 1948 (In millions of doll. ars) U. S. Government securities 17,666 -113 -5,526 Loans, discounts and advances 123 • 13 - 167 Other Reserve Bank credit 368 - 31 - 19 Total Reserve Bank credit 18,157 -130 -5,712 Gold stock 24,535 - 19 + 602 Treasury currency 4.591 - 1 + 17 Member bank reserve balances 16,405 +289 -3,505 Money in circulation 27,^27 -119 - 730 Treasury cash 1,310 + 14 - 16 Treasury deposits with F. R. Banks 317 -234 -1,213 Nonmember deposits and other F* R. accounts 1,874 - 99 + 371 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.J|.l(a) OF THE TWELVE FEDER/iL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Oct. 19, Oct. 12, Oct. 20, 191+9 19U9 191+6 A S S E TS Gold certificates 22,776,1+29 - 31,002 + 697,998 Redemption fund for F. R, notes 5U8,55k t §5.0 82,1+07 Total gold certificate reserves 25,521+, 985 - 30,352 + 615,591 Other cash 266,67k + 11,512 1+99 Discounts and advances 121,877 + l5,iU+ - 167,112 Industrial loans 951 + 5 178 U. S. Govt, securities: Bills 1+, 055,121+ -11.5,000 -1,893,918 Certificates 5,775,900 — - i+3l+,269 Notes 298,100 — - 603,500 Bonds 77,,553388,,220000 — -2,59l+,197 Total U. S. Government securities 17,665,621+ -115,000 -5,525,88!+ Total loans and securities 17,788,1+52 - 99,851 -5,695,171+ Due from foreign banks 35 — f 11+ F. R. notes of other banks 116,711 + 11,605 - 22,696 Uncollected items 3,051,805 +1+07,753 - 119,258 Bank premises 52,999 + 171 + 695 Other assets 119.397 + 5,669 - 65,511 TOTAL ASSETS 1+1+,681,056 +506,507 -5,282,666 L I A B I L I T I ES Federal Reserve notes 25,268,708 - 95,275 - 772,61+8 Deposits : Member bank-reserve account 16,1+05,087 +289,131 -5,50l+,91+9 U.S. Treasurer-general account 316,887 -232+, 502 -1,215,1+79 Foreign 575,585 + 17,795 + 120,712 Other 566,1+58 -lll+,713 + 108,085 Total deposits 17,88+"~oi7 - 1+2,289 -l+,l+89,655 Deferred availability items 2,665,699 +1+58,510 - 100,11+6 Other liabilities including accrued dividends n,9lU I+59 2,991+ TOTAL LIABILITIES 1+5,808,558 +302,307 -5,565,J+2l C A P I T AL A C C O U N TS Capital paid in 207,125 92 + 7,11+0 Surplus (Section 7) 1+66,711 v««V + 18,522 Surplus (Section 13b) 27,51+3 — — Other capital accounts 171,339 + 1+,108 + 57,093 TOTAL LIABILITIES AND CAPITAL ACCOUNTS iil+,681,056 +306,507 -5,282,666 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 56*7% • 1% 7.8% Contingent liability on acceptances purchased for foreign correspondents 3,21+3 1+27 1,969 Commitments to make industrial loans l,88l+ 8 2+,2i5 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 OCTOBER 19, 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 22,776,429 858,294 7,525,721 1174,5l4 1593,384 1062,050 942,124 4361,326 702,962 428,409 824,984 607,564 2695,097 Redemption fund for F, R. notes 548,554 50,293 43,579 45,590 60,371 52,295 40,740 84,202 43,279 22,486 35.031 27,419 43,269 Total gold certificate reserves 23,324,983 908,587 7,569,300 1220,104 1653,755 Hl4,3l+5 982,864 1)1445,528 746,241 450,895 860,015 634,9832738,366 other cash 266,674 30,974 46,482 12,749 21,807 17,769 21,476 36,494 14,551 6,497 10,838 13,172 33,865 Discounts and advances 121,877 7,396 32,297 7,903 9,754 6,828 4,901 13,533 5,751 7,150 14,272 3,404 8,688 Industrial loans 951 848 1 89 13 U. S. Govt, securities; Bills 4,053,^24 279,637 960,621 276,111 373,851 260,218 217,316 604,839 219,055 131,221 196,056 175,332 359,167 Certificates 5,775,900 398,469 1,368,830 393,1443 532,717 370,795 309,664 861,862 312,142 186,984 279,368 249,836 511,790 Notes 298,100 20,565 70,647 20,306 27,494 19,137 15,982 44,482 16,110 9,650 i4,4i9 12,894 26,414 Bonds 7,538,200 520,045 1,786,478 515,487 695,256 483,930 404,145 1124,828 407,579 244,034 564,608 526,065 667,945 Total U.S.Government securities 17,665,624 1218,716 4,186,576 1205,34? 1629,318 1134,080 947,107 2636,011 954,686 571,889 854,451 764,127 1565,316 Total loans and securities 17,788,452 1226,112 4,218,875 1212,096 1639,073 U40.997 952,008 2649,544- 960,457 579,052 868,725 767,551 1574,004 Due from foreign banks 55 2 l/ 11 3 3 2 2 5 1 1 1 1 3 F.R.notes of other banks 116,711 5,4ll 21,234 4,452 6,219 11,676 11,086 17,267 6,521 4,686 7,056 5,665 15,46o Uncollected items 5,051,805 242,703 550,528 198,808 272,513 257,709 197,448 462,964 171,130 94,811 169,827 148,925 264,43? Bank premises 32,999 l,l43 7,927 5,005 4,74l 2,491 1,534 3,172 l,906 1,153 2,546 726 2,85" other assets 119,597 8,580 27,527 7,884 11,525 7,331 6,245 18,554 7,487 5,765 5,605., 5,-l45 10,?Q? TOTAL ASSETS 44,681,056 2423,312 12,441,882 2659,081 3609,456 2552,520 2172,665 7655,508 1908..274 1140,860 1924.411 1576,146 463?,363 l/ After deducting $24,000 participations of other Federal Reserve Pnnk*. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.ii.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE RANKS ON OCTOBER 19, 191+9 (In thousands of dollars) L I A B I L I T I ES Total loston New York Phila. Cleve, Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran, Federal Reserve notes 23,268,708 1373,155 5,325,138 1592,28U 2039,376 1577,580 1276,1*07 1+1+86,1*37 1076,025 6l2,6i+U 910,1+1+3 623,853 2375,366 Deposits» Member bank-reserve acct. 16,1*05,087 7lli,509 5,61*3,112 761i,2io 1187,031 639,007 612,1*12 2505,171 592, cl+1* 383,511; 782,737 7Uli,739 1836,601 U.S.Treasurer-general acct. 316,887 I9,7ii9 Uo,9Ul 20,162 25,321+ 23,061 27,857 29,812 25,211* 23,202 26,213 18,699 36,653 Foreign 575,585 35,362 i/191,635 l+l+,90l+ 51,61+0 27,501+ 23,013 77,1*59 20,207 Hi, 033 20,207 19,61*6 U9,975 Other 566,U58 2,1+96 - 501,797 1,138 1+,851 7,870 63I* 5,H3 6,70!+ 1,1*17 933 531 32,971* Total deposits 17,861*. 017 772,116 6,377,1*85 856.,1*H* 1268,81*6 697,1*1+2 663,916 2617,555 61*1+,169 1+22,166 830,090 783,615 1956,203 Deferred availability items 2,663,699 221,1*63 1*76,650 167,033 219,691* 230,U01 193,082 1*07,181 152,756 81,926 H+9,33l 135,1*1*2 228,735 Other liabilities including accrued dividends ll,9ll* 675 3,302 669 1,395 609 507 1,981 1*81 %7 1+63 501* 981 TOTAL LIABILITIES 1*3,808/338 2367,1*11*: 12,182,575 2590,1*00 3529,311 2506,032 2133",912 7513,151*' 1873,1*31 1117,083 '1390,327 '15U3.UH* 1*551,285 Capital paid in 207,125 11,519 71,008 15,021 19,353 9,162 8,11+0 26,037 6,835 l*,57l* 7,230 8,31*5 19,901 Surplus (Section 7) 1+66,711 29,31*7 11+3,019 36,701* 1+3,968 22,1+17 20,028 68,81+2 17,97!; 11,797 17,008 lit, 951* 1+0,653 Surplus (Section 13b) 27,51*3 3,oil 7,319 1*,1*89 1,006 3,31*9 762 1,1+29 521 1,073 1,137 1,307 2,11*0 Other capital accounts 171,339 12,021 37,961 12,1*67 15,798 11,360 9,821 23,81*6 9,515 6,353 8,709 8,126 15,381* TOTAL LIABILITIES AND CAPITAL ACCOUNTS lUt,681,056 21+23,312 12,1+1+1,882 2659,031 3609,1*36 2552,320 2172,663 7635,508 1908,271* iii+0,860 I92l*,l+ll 1576,11+6 1+639,365 Contingent liability on acceptances purchased for foreign correspondents 5,21+3 201* 2/ l',025 259 298 159 133 1+1*8 117 61 117 113 289 Commitments to make industrial loans 1,881+ 60 — 868 81+5 15 — 26 — — ~ — 70 F.R. notes outstanding 2!+, 031,1*02 11+28,581 5,1*93,878 161+1,787 2115,908 1626,273 1326,1+65 1*573,809 1113,608 62l+,278 939,963 657,880 21+88,972 Collateral for F.R, notes held' by F.R. Agents; Gold certificates ll*,279,000 1+1+0,000 i+,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 26,1+73 1,600 3,225 51*3 — 2,320 -- — 2,1*75 1*,850 10,960 — 500 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 AM) SECURITIES Within 16 to 31 to 61 to 91 days t o 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 121,877 31,753 68,683 12,981 1,030 5 Industrial loans 951 825 1+ 35 32 55 U.S. Govt, securities 17,665,621+ 1,001,703 506,650 1,1+51*, I+02 2,067,1*69 1,055,100 U, 306,200 1,826,100 5,1+1*8,000 1/ After deducting $383,929,000 participations of other Federal Reserve Banks, 2/ After deducting $2,218,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis