H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U.I (For Immediate Release) November 3, I9I49 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 2 member bank reserve balances increased :$339>000,000* Additions to member bank reserves arose from an increase of -^583.000,000 in Reserve Bank credit, offset in part by increases of $171,000,000 in Treasury deposits with Federal Reserve Banks, $54,000,000 in money in circula tion, $1^,000,000 in nonmember deposits and other Federal Reserve accounts, and $5,000,000 in Treasury cash* Excess reserves of member banks on November 2 were estimated to be approximately $1,160,000,000, Holdings of loans, discounts and advances increased $lj.73,000,000, and holdings of United States Government securities increased $130,000,000* The change in holdings of United States Government securities reflects increases of $107,000,000 in bills and $25,000,000 in certificates and a decrease of $2,000,000 in bonds. Changes in member bank reserve balances and related items during the week and the year ended November 2, I9k9 were as follows; In crease or decrease since Nov. 2, 0c t. 26, Nov. 3, I9h9 I9k9 _19o8_ (In millions of dollars) U„ S» Government securities 17,533 +130 -5,706 Loans, discounts and advances 612 +1+73 + 291 Other Reserve Bank credit 271 - 20 + 102 Total Reserve Bank credit 18,1+16 +583 -5,313 Gold stock 2l+,583 - 1 + 576 Treasury currency l+,59l -- + "l3 Member bank reserve balances 16,1+37 +339 -3,1+09 Money in circulation 27,382 + 5k - 872 Treasury cash 1,318 + 5 + 1 Treasury deposits with F. R, Banks 51+5 +171 - 928 ilor.TA^rahor deposits and other F. R, accounts 1,909 + Ik + mh Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.lul(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars ) Increase or decrease since Nov. 2, Oct. 26, Nov, 3, 192*9 192i9 !9hB A S S E TS Gold certificates 22,767,2*31 - 7,000 + 651,002 Redemption fund for F, R, notes 5*49,568 -f 3,681 - 79,7324 Total gold certificate reserves ^73T^m - 3,319 + 571,^68 Other cash 271,128 - 7,915 17,207 Discounts and advances 610,777 +2*72,9i40 + 290,709 Industrial loans 913 56 18 U. S. Govt, securities: Bills 3,902,196 +107,272 -1,228,393 Certificates 5,796,900 + 25,000 - 32*2,919 Notes 293,100 ... - 5324,000 Bonds 7,536,200 - 2,000 -3,600,2489 Total U, S. Government securities 1177,,553333,,339966 ++113300,,227722 -5,705,801 Total loans and securities 18,1145,086 +603,156 -5,2415,110 Due from foreign banks 35 — 124 F. R. notes of other banks 111,199 - 15,897 - 17,589 Uncollected items 2,568,631 + 12,1428 + 13,1524 Bank premises 32,972 + 7 + 72*9 Other assets 128,757 + 24,371 - 76,8524 TOTAL ASSETS Uii,57ii,807 +592,831 -24,907,169 L I A B I L I T I ES Federal Reserve notes 23,22i|,227 + 31,781 - 889,268 Deposits: Member bank-reserve account 16,1*37,000 +339,000 -3,h09,Ohh U.S. Treasurer-general account 5UU,85U +171,313 - 927,739 Foreign 660,802 + 247,185 + 197,668 Other 557,988 + 8,287 + 135,287 Total deposits 18,200,61*24 7555", 78 5 -24,003,828 Deferred availability items 2,297,816 + 32,2460 - 89,02*5 Other liabilities including accrued dividends 11,2438 - I,i4i46 1.247U TOTAL LIABILITIES H3V73TT7TS5 +028,580 -U,983,615 C A P I T AL A C C O U N TS Capital paid in 207,288 + 113 + 7,197 Surplus (Section 7) 2466,711 — + 18,522 Surplus (Section 13b) 27,5U3 — — Other capital accounts 139,1240 - 35,862 + 50,727 TOTAL LIABILITIES AND CAPITAL ACCOUNTS CUTBTlTTeoT +592,831 -k,907,169 Ratio of gold certificate reserves to deposit and F* R* note liabilities combined 56»3% 1*2% Contingent liability on acceptances purchased for foreign correspondents ii#H9 Coirnnitments to make industrial loans 1>835 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 2, 191+9 (In thousands of dollars) Total Boston New York Phila, CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. 22,767,1+31 856,198 7,237,189 1215,197 1601,144.8 1099,547 994,91+6 4427,940 724,787 1+50,853 805,201. 657,7562696,366 549,568 51,916 1+6,889 l+l+,87l 59,857 51,352 1+0,361+ 83,668 1+3,127 22,423 3h,nk 27,301 1+2,906 -.J. gold certificate reserves 23,316,999 908,111+ 7,28l+,078 1260,068 l66l ,285 1150,899 1035,310 1+511,608 767,914 473,276 81+0,118 685,057 2739,272 Other cash 271,128 30,928 1+5,742 ll+,ol+9 22,538 19,1+39 20,586 35,761 13,1+1+1+ 6,95!; 11,892 ll+,H9 35,896 Discounts and advances 610,777 15,600 365,934 8*865 29,1+98 2k,219 9,032 112,034 11,561+ l+,l+28 12,367 3,413 13,823 Industrial loans 915 — — 781 1 89 —• — 1+2 U. S. Govt, securities; Bills 3,902,196 269,205 924,781 265,809 359,901+ 250,509 209,208 582,274 210,883 126,326 188,741 168,790 345,766 Certificates 5,796,900 399,917 1,373,807 394,875 534,653 372,ll+3 310,790 864,996 313,276 187,664 280,585 250,745 513,651 Notes 298,100 20,565 70,61+7 20,506 27,1+94 19,137 15,982 44,1+82 16,110 9,650 14,419 12,894 26,414 Bonds 7,536,200 519,907 1,786,001; 513,350 695,072 483,802 404,038 1124,529 1+07,271 21+3,969 361+,512 325,978 667,768 Total U.S.Government securities 17,533*396 1209,594 4,155,239 1194,340 1617,123 1125,591 940,018 2616,281 947,51+0 567,609 81+8,055 758,1+07 1553,599 L Total loane and securities 18,11+5,086 1225,194 4,521,173 1203,986 1646,622 1149,899 949,050 2728,515 959,101+ 572,079 860,422 761,820 1567,422 Due from foreign banks 55 2 l/ 11 3 3 2 2 5 1 1 1 1 3 F.R.notes of other banks 111,199 4,774 20~,500 4,568 6,570 12,1+1+2 8,712 16,149 5,579 6,112 6,0l6 5,851 li*,3?6 Uncollected items 2,568,631 209,017 457,904 164,914 225,857 212,51+6 170,1+81 1+12,761 149,705 78,216 ll+5,659 119,700 224,091 Bank premises 52,972 1,158 7,909 2,998 4,731 2,481+ 1,531 3,l66 1,956 1,151 2,332 723 2,853 other assets 128,757 8,998 29,576 8,1+01 12,581 8,158 6,818 19,665 7,938 l+,0l_7 6,044 5,542 11,23? TOTAL ASSETS 44,574,807 2388,165 12,366,695 2658,787 3577,967 2555,61+9 2192,290 7727,1+30 1905,641 1141,786 1872,1+81+ 1592,813 4595,102 1/ After deducting $24,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Lli.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER d, iyi+? (In thousands of dollars) L IA B I L I T I ES Total Boston New York Phila. Cieve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas SanFran, federal Reserve notes 23,221;,227 1365,688 5,319,039 1589,822 2021,607 1580,775 1282,795 1+1+69,063 1077,317 609,581 913.51*1 629,1+52 2365,51+7 Deposits; Member bank-reserve acct. 16,1+37,000 685,202 5,581,737 762,521 1157,113 670,306 6U9.5U5 2591,129 591,739 397,615 71+0,726 775,677 1833,690 U.S.Treasurer-general acct. 5l+l+,85l+ 1+2,71+1 100,851 1+3,583 57,891 25,919 31+.1+18 88,1+90 1+0,830 26,ol+5 22,915 2l+,0l2 37,129 t Foreign 660,802 1+1,530 1/209,890 52,736 60,61+6 32,301 27,027 90,970 23,731 16,1+80 23,731 23,072 58,688 Other 557,988 i+,735 ~ 1+90,718 1,1+01 5,1*1+1+ 6,305 579 2,583 6,838 1,836 l+,ol+i 5^ 32,916 Total deposits 18,200,614* 771+.208 6,383,196 860,21+1 1281,09^ 73l+,831 711,569 2773,172 663,138 i+1+1,976 791,1+13 825,383 1962,i+23 T>;-.yerrsd availability items 2,297,816 193,869 1+09,71+1+ 11+1,622 196,572 195,159 160,1*51 367,936 131,6^0 67,180 13l+,598 108,207 190,838 Cxher liabilities including accrued dividends 11,1+38 67i+ 2,979 665 1,507 590 507 1,872 1+87 31+1+ 1+71 399 91+3 TOTAL LIABILITIES 1+3,731+,125 2331+.1+39 12,1114,953 2592,350 3500,780 2511,355 2155,322 7612,0143 1872,582 1119,081 LSi+0,023 1561,1+1+1 1+519,751 Capital paid in 207,288 11,539 71,013 15,006 19,355 9,171 8,11+2 26,081+ 6,838 l+,576 7,233 8,370 19,963 Surplus (Section 7) U66,7H 29,31+7 11+3,019 36,7014 1+3,968 22,1417 20,028 68,81+2 17,971+ n,797 17,008 ll+,95l+ 1+0,653 Surplus (Section 13b) 27,51+3 3,011 7,319 k,k89 1,006 3,31+9 762 1,1+29 521 1,073 1,137 1,307 2,11+0 Other capital accounts 139,11+0 9,829 30,381+ 10,238 12,860 9,357 8,036 19,032 7,726 5,259 7,083 6,71+1 12,595 TOTAL LIABILITIES AND CAPITAL ACCOUNTS l4l+,57i+,807 2388,165 12,366,693 2658,787 3577,967 2555,6149 2192,290 7727,1+30 1905,61+1 111+1,786 1872,1+81+ 1592,813 1+595,102 Contingent liability on acceptances purchased for foreign correspondents L.,119 21+5 2/1,1+59 311 358 191 159 537 11+0 97 ll+O 136 31+6 Commitments to make industrial loans 1,835 908 831+ 15 — 8 « — — ~ 70 F.R. notes outstanding 23 962 1+91+ 11+26,022 5,1+70,997 1631,933 2105,981 1626,728 1333,158 1+558,708 1108,270 620,557 938,558 660,657 21+80,925 Collateral for F.R. notes held by F.R. Agents- Gold certificates lit,279,000 1+1+0,000 [+,670,000 750,000 1000,000 650,000 675,000 3020,000 1+00,000 210,000 280,000 18U.000 2000,000 .Eligible paper 395,993 10,150 .337,825 1,91+5 — 19,980 ~ -- 8,1+50 2,265 9,253 — 6,125 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 610,777 521,326 6633,,556666 illl++,,i1o0ll++ 11,250 526 Industrial loans 913 758 -- 36 38 32 76 U.S. Govt, securities 17,533,396 5,1+1+6,000 915,875 596,517 2,352,101 1,011+,503 l~,-055,loo 1+,327,200 1,826,100 l/ After deducting $1+50,893,000 participations of other Federal Reserve Banks. 2"/ After deducting $2,660,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis