H.4.1 Factors Affecting Reserve Balances of Depository Institutions

EOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.l;*l (For Immediate Release) October 27, I9h9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 26 member bank reserve balances decreased $307,000,000* Reductions in member bank reserves resulted from a decrease of $321.1,000,000 in Reserve Bank credit and increases of $57,000,000 in Treasury deposits with Federal Reserve Banks, $21,000,000 in noninember deposits and other Federal Reserve accounts, and $3*000,000 in Treasury cash, offset in part by a decrease of $99,000,000 in money in circulation* Excess reserves of member banks on October 26 were estimated to be approximately $810,000,000* Holdings of loans, discounts and advances increased $16,000,000 while holdings of United States Government securities decreased $263,000,000. The change in holdings of United States Government securities reflects a decrease of $259,000,000 in bills and $1^,000,000 in certificates* Changes in member bank reserve balances and related items during the week and the year ended October 20, 19<U9 were as follows: Increase or decrease since Oct* 26, Oct. 19, Oct. 27, 191+9 19li9 19^8 (In millions of dollars) 17,1+03 -265 -5,839 Loans, discounts and advances 139 + 16 - 162 Other Reserve Bank credit 291 - 77 + 58 Total Reserve Bank credit 17,333 -32U -5,96k Gold stock 2k, 582+ ~ 1 + 588 Treasury currency k,59l + 16 Member bank reserve balances 16,098 -307 -5,862 Money in circulation 27,328 - 99 - 765 Treasury cash 1,313 + 3 9 Treasury deposits with F, R. Banks 31k + 51 -1,150 Noninember deposits and other F« R. accounts 1,895 + 21 + k2k Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H*U.!(*) OF THE TWELVE FEDERAL RESERVE BANKS COH/IB INED (In thousands of dollars) Increase or decrease since Oct. 26 Oct. 19 Oct. 27 19**9 19U9 19U8 A S S E TS Gold certificates 22,77ii,U3l - 1,998 + 676,000 Redemption fund for F* R. notes 5U5.887 - 2,667 - 85,073 Total gold certificate reserves 23,320,318 - U,665 + 590,927 Other cash 279,0143 + 12,369 + 1,571 Discounts and advances 137,837 + 15,921** - 162,1*77 Industrial loans 969 + 18 167 U% S. Govt* securities: Bills 3,79**, 921* -258,500 -1,723,227 Certificates 5,771,900 - 1; ,000 - 390,169 Notes 298,100 - 581,000 Bonds 7,538,200 -3,litii,ii82 Total U, S» Government securities 17,UC3,12U •262,500 -5,838,878 Total loans and securities 17,51U,930 -2l|6,558* -6,001,522 Due from foreign banks 35 lii F. R* notes of other banks 127,096 + 10,385 - ; 12039, > 80 m 1 Uncollected items 2,556,203 -1*75,566* Bank premises 32,965 3k Other assets 12^,386 + U,989 - 70,372 TOTAL ASSETS 1*3.981,976 -699,080 -5,612,510 L I A B I L I T I ES Federal Reserve notes 23,192,1*1*6 - 76,262 - 806,1*65 Deposits: Member bank-reserve account 16,098,000 -307,087 -3,861,966 U.S. Treasurer-general account 373,5U1 + 56,651* -1,150,831 Foreign 613,617 + 38,032 + 173,063 Other 5U9,701 - 16,757 + 102,691* Total deposits 17,63U,859 ^29,158 -h, 737,01*0 Deferred availability items 2,265,356 -393,31*3 - 11*7,571* Other liabilities including accrued dividends 12,881* + 970 2,1*01+ TOTAL LIABILITIES i*3.l05,5U5 -=WT&5 -5,693,U83 C A P I T AL A C C O U N TS Capital paid in 207,175 50 + 7,158 Surplus (Section 7) 1*66,711 + 18,522 Surplus (Section 13b) 27,51*3 Other capital accounts 175,002 3,663 + 55,293 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*3,981,976 -699,080 -5,612,510 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 57.19S M 8.1# Contingent liability on acceptances purchased for foreign correspondents 3,153 90 + v 1,1*79 Commitments to make industrial loans 1,877 7 - t*,l95 * October 19 figures revised 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 26, 19I+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 22,774,431 855,739 7,552,626 1135.441 1589,145 1099,990 979,623 14416,527 697,300 443,105 801+.1+26 651,1+19 2721,092 Redemption fund for F. R. notes 545,887 50,068 1+2,571 1+5,158 60,060 52,61+6 1+0,516 85,888 1+5,190 22,1+1+5 54,969 27,551 43,025 Total gold certificate reserves 23,520,518 905,807 7,595,197 1228,599 161+9,205 1152,656 1020,159 14500,1+15 740,1+90 1+65,550 859,595 658,7702764,117 Other cash 279,ol+5 51,077 50,1+65 15,960 25,806 19,314 19,580 36,690 ll+,398 6,003 11,565 15,667 56,722 Discounts and advances 157,857 6,668 55,ol+l 7,958 25,167 11,734 4,555 ll+,l+80 9,596 2,150 7,206 l+,l+28 12,854 Industrial loans 969 836 1 89 1+3 U. S. Govt, securities: Bills 3,794,924 261,801+ 899,359 258,503 350,010 245,625 205,1+57 566,267 205,085 122,855 185,555 l61+,ll+9 556,261 Certificates 5,771,900 598,195 1,567,882 593,170 532,548 570,558 509,450 861,265 511,926 186,854 279,174 21+9,661+ 511,456 Notes 298,100 20,565 70,61+7 20,506 27,1+94 19,157 15,982 44,1+82 16,110 9,650 14,1+19 12,894 26,l+ll+ Bonds 7,538,200 520,01+5 1,786,1+78 515,487 695,256 1+85,950 1+04,145 H2l+,828 1+07,579 21+4,034 364,608 526,065 667,945 Total U.S.Government securities 17,1+05,124 1200,607 i+,124,566 1185,1+66 1605,108 1117,228 933,031+ 2596,81+2 940,500 565,5?! 81+1,754 752,772 1542,056 Total loans and securities 17,541,950 1207,275 4,157,1+07 1194,260 1628,276 1129,051 957,589 2611,522 950,096 565,584 848,960 757,200 1554,910 Due from foreign banks 55 2 l/ 11 5 5 2 2 5 1 1 1 1 5 F.R.notes of other banks 127,096 7,881 21,177 4,187 6,781+ 12,221+ 12,2i+7 17,1+19 7,089 5,185 8,025 6,096 18,782 Uncollected items 2,556,205 19l+,589 1+70,707 157,002 255,860 222,670 162,1+81 408,025 154,679 76,576 144,200 117,898 211,718 Bank premises 52,965 1,12+3 7,927 2,998 4,733 2 ..1+81+ 1,530 3,l67 1,906 1,155 2,51+6 726 2,852 Other assets 12l+,586 8,728 28,727 8,210 11,598 7,857 6,527 19,505 .7,770 5,856 ._§_/?&£ 5,317 10,747 TOTAL ASSETS 1+5,981,976 2556,502 12,151,616 2609,219 5562,265 2546,218 2160,095 7596,51+6 1876,1+29 1125,908 1860,051+ 1559,675 4599,851 l/ After deducting $2l+,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Hii.l(c ) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 26, 191+9 s (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 23,192,1+1+6 1367,095 5,308,873 1592,01+9 2028,705 1571**1*81 1271,922 1+1+72,1*31 1073,715 6lo,iU7 907,931 623,175 2561,9211 Deposits• Ilember bank-reserve acct. 16,098,000 675,21+7 5,398,812 7l+2,50l+ 1165, oi*o 66o,85l+ 657,1+39 2525,537 581,1+12 387,1+60 7Ul,013 71+1,828 181+1,05I+ U.S. Treasurer-general acct. 375,51+1 33,91+9 ,67,108 25,721 3ii,200 25,1+59 25,1+85 59,718 21,988 16,267 19,101+ 27,1J32 39,110 Foreign 615,617 58,222 1/198,611; 1+8,536 55,817 29,728 2l+,875 83,725 21,81+1 15,168 2i,8U 21,235 51*. 015 Other 5ii9,701 li, 166 1+90,971 1,225 U,65U 2,190 83k 2,9l+5 5,820 1,329 896 596 31;, 075 Total deposits I7,63ii,859 751,581; 6,155,505 817,786 1259,711 716,231 683,633 2651,925 631,061 1*20,22i+ 782,851; 791,091 1968,251+ Deferred availability items 2,265,556 180,811 1+03,068 129,768 191,955 208,365 160,066 3l;9,227 136,090 69,259 15I+, 507 111,993 190,21+7 other liabilities including accrued dividends 12,881* 69h l+,007 686 1,1+27 621 517 2,012 512 377 1+79 521 1,051 TOTAL LIABILITIES 1+5,105,51+5 2500,181+ 11,871,1+53 251+0,289 51+81,798 21+99,698 2121,158 71+75,595 181+1,578 1100,007 1825,771 1526,778 1+521,1+56 capital paid in 207,175 11,527 71,011 15,012 19,553 9,162 8,ll+o 26,080 6,835 k,57k 7,232 8,351* 19,895 ou-rp lus (Section 7) 1+66,711 29,31+7 11+3,019 36,701+ 1+3,968 22,1+17 20,028 68,81+2 17,971+ 11,797 17,008 ll+,95l+ 1+0,655 • urplus (Section 13b) 27,51*3 3,011 7,319 i+,1+89 1,006 3,31+9 762 1,1+29 521 1,073 1,157 1,507 2,11+0 Jther capital accounts 175,002 12,255 38,811+ 12,725 16,138 11,592 10,027 2l+,l+00 9,721 6,1+57 8,906 8,282 15,707 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+3,981,976 2556,502 12,151,616 2609,219 5562,265 251+6,218 2160,095 7596,31+6 1876,1+29 1125,908 1860,05!+ 1559,675 1+599,851 '»r.'i ; n^^nt liability on acceptances purchased for foreign correspondents 3,153 199 2/ 996 252 290 151+ 129 1+35 111; 79 ill* 110 281 • omn>i imyntri to make industira l loans 1,877 60 — 861 81+5 15 — 26 70 :'.R. notes outstanding 23,970,663 11+23,109 5,1+77,279 1635,526 2109,729 1622,258 152l+,251 1+565,265 1109,581 622,336 937,101+ 659,665 21*86,582 Collateral for F.R, notes held by F.R. Agents. Gold certificates H+,279,000 kk0,000 1+,670,000 750,000 1000,000 650,000 675,000 5020,000 1+00,000 210,000 280,000 18l+,000 2000,000 Eligible paper 30,373 1,250 1+,715 1,078 ~ 7,520 -- — 6,500 !+,no — 5,200 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 MP SECURITIES Within 16 to 31 "to 61 to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 50 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 137,837 52,U51 62,71*1 15,1+1+1 225 5 [ndustrial loans 815 6 36 37 77 J.S. Govt, securities 17,1+03,121+ 93^,603 1+1+1*,850 1,686,609 1,705,662 1,055,100 1+,302,200 1,826,100 5,1+1+8,000 l/ After deducting $1+ll+,983?000 participations of other Federal Reserve Banks, "2/ After deducting $2,157,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis