H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) November 17; 19^5 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November l6 member bank reserve balances increased $287,000,000* Additions to member bank reserves resulted from an increase of $166,000,000 in Reserve Bank credit and decreases of $131,000,000 in money in circulation and $7,000,000 in Treasury deposits with Federal Reserve Banks, offset in part by increases of $11,000,000 in Treasury cash and $4,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $2,000,000 In gold stock* Excess reserves of member banks on November 16 vete estimated "to'be approximately $l,l4o,000,,000. Holdings of loans, discounts and advances decreased $195,000,000 while holdings of United States Government securities Increased $83,000,000. The change In holdings of United States Government securities reflects increases of $73,000,000 in bills and $13,000,000 in certificates, and a decrease of $3,000,000 in bonds. Changes in member bank reserve balances and related items during the week and the year ended November l6, 19^9 were as follows: Increase or decrease since Nov. l6, Nov. 9, Nov. 17, 19^9 19^9 1948 (In millions of dollars) U. S. Government securities 17,789 + 83 -5,l4l Loans, discounts and advances 125 -195 - 158 Other Reserve Bank credit 437 +278 - 184 Total Reserve Bank credit 18,351 +166 -5,^83 Gold stock 24,530 - 2 + 420 Treasury currency 4,592 + 13 Member bank reserve balances 16,432 +287 -3,521 Money in circulation 27,397 -131 - 818 Treasury cash 1,323 + 11 1 Treasury deposits with F. R. Banks 408 - 7 -1,183 Nonmember deposits and other F. R. accounts 1,914 + 4 + 474 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.4.1(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Nov. 16, Nov. 9, Nov. 17, 19^9 1949 1948 A S S E TS Gold certificates 22,714,430 - 1,999 + 499,002 Redemption fund for F. R. notes 550,743 + 2,000 - 76,506 Total gold certificate reserves 23,265,173 + 1 + 422,496 Other cash 253,185 + 9,443 7,515 Discounts and advances 124,05^ _ 195,051 - 158,099 Industrial loans 1,298 + 389 + 325 U. S. Govt, securities: Bills 4,103,496 + 72,500 - 837,948 Certificates 5,854,900 + 13,000 - 178,919 Notes 298,100 -- - 500,100 Bonds 7,532,300 - 2,400 -3,624,009 Total U. S. Government securities 17,788,796 ++ 83,100 -5,140,976 Total loans and securities 17,914,148 111,562 -5,298,750 Due from foreign banks 35 -- 14 F, R. notes of other banks 124,399 + 26,953 - 11,986 Uncollected items 3,613,221 +1, 273,505 - 120,689 Bank premises 33,106 + 22 + 870 Other assets 138,676 + 4,985 - 78,668 TOTAL ASSETS 45,3^1,943 +1, 203,347 -5,094,256 L I A B I L I T I ES Federal Reserve notes 23,241,041 80,389 • 848,820 Deposits: Member bank-reserve account 16,431,845 + 287,090 -3,520,678 U.S. Treasurer-general account 407,71^ - 7,448 -1,183,173 Foreign 693,228 + 4,417 + 221,502 Other 530,604 - 351 + 101,624 Total deposits 18,063,391 + 283,708 -4,380,725 Deferred availability items 3,176,019 + 995,755 + 62,930 Other liabilities including accrued dividends 12,831 + 420 + 413 TOTAL LIABILITIES 44,493,282 +1, 199 ,"594 -5,166,202 C A P I T AL A C C O U N TS Capital paid in 207,587 + 143 + 7,463 Surplus (Section 7) 466,711 — + 18,522 Surplus (Section 13b) 27,543 — -- Other capital accounts 146,820 + 3,710 + 45,961 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,341,943 +1, 203,"W -5,C94725S Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 56,3$ .3$ 7-2$ Contingent liability on acceptances purchased for foreign correspondents 5*669 + 1A35 3j8ll Commitments to make industrial loans 1*835 + 1 4,269 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER l6, 19^9 (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 22,714,430 850,367 7,310,6l6 1175,530 1547,187 1092,052 984,975 4431,245 703,265 436,431 789,595 666,212 2724,955 Redemption fund for F. R. notes 550,743 51,829 46,525 45,703 59,693 52,632 40,286 83,551 43,092 22,409 34,885 27,27? 42,861 Total gold certificate reserves 23,265,173 902,196 7,357,l4l 1221,233 1606,880 1144,684 1025,261 4514,796 746,357 458,840 824,480 695,489 2767,816 Other cash 253,165 27,256 46,304 13,586 21,929 18,963 20,124 32,823 13,188 6,C53 11,801 10,70c 30,458 Discounts and advances 124,054 6,442 30,848 8,093 17,821 6,362 3,753 15,084 6,310 4,040 13,920 2,94l 8,440 Industrial loans 1,298 —- — 1,151 1 101 — — 45 U. S. Govt, securities: Bills 4,103,496 283,092 972,487 279,522 378,470 263,432 220,001 612,311 221,761 132,842 198,478 177,497 363,603 Certificates 5,854,900 403,918 1,367,551 396,824 540,003 375,867 313,899 873,651 316,4ll 189,541 283,190 253,254 518,791 Notes 298,100 20,565 70,647 20,306 27,494 19,137 15,982 44,482 16,110 9,650 14,419 12,894 26,4l4 Bonds 7,532,300 519,638 1,785,082 513,085 694,711 483,551 403,829 1123,947 407,o6o 243,844 364,322 325,809 667,422 Total U.S.Government securities 17,788,796 1227,213 4,215,767 1211,737 1640,678 1141,987 953,711 2654,391 961,342 575,877 860,409 769,454 1576,230 Total loans and securities 17,914,148 1233,655 4,246,615 1220,981 1658,500 1148,450 957,464 2669,475 967,652 579,962 874,329 772,395 1584,670 Due from foreign banks 35 2 l/ 11 3 3 2 2 5 1 1 1 1 ? F.R.notes of other banks 124,399 5,235 23,072 5,057 6,593 14,349 11,668 15,383 7,724 4,362 7,191 6,899 16,860 Uncollected items 3,613,221 295,391 703,048 24o,370 294,554 305,075 233,112 594,760 201,946 95,478 184,851 175,381 289,255 Bank premises 33,106 1,138 7,909 2,998 4,728 2,489 1,530 3,l66 1,956 1,151 2,332 723 2,980 Other assets 138,676 9,4l6 32,290 9,044 13,226 8,754 7,325 21,237 8,479 4,297 6,493 6,054 l2,o6l TOTAL ASSETS 45,341,943 2474,289 I2,4l6,390 2713,272 3606,413 2642,766 2256,486 7851,645 1947,303 1150,144 1911,Vf i66j,6k2 4704,115 l/ After deducting $24,000 participations of ether Federal Reserve Panics. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.If.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER lb, 19'+9 (in thousands of dollars) L I A B I L I TI E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Se.nFran. Federal Reserve notes 23,21+1,041 137C,91+8 5,335,805 1596,311+ 2016,100 1576,061 1277,1+9!+ ^65,252 1082,555 6C8,756 911,007 637,983 2362,766 Deposits: Member bank-reserve acct.l6,1+31,81+5 702,61+1 5,1+59,126 760,309 1166,823 688,068 61+9,655 2625,1+21 589,570 389,021+ 755,325 791,601+ 185 k, 279 U.S.Treasurer-general acct. 1+C7,7l4 26,000 56,588 28,396 29,288 28,828 35,690 1+1,186 26,782 25,8i+5 25,992 2k,6lk 58,505 Foreign 693,228 1+3,357 1/222,1+79 55,C56 63,315 33,722 28,216 9l+,972 2i+,775 17,205 24,775 2it,087 61,269 Other 530,601+ 5,1+38 1,078 620 1+1+0 34,652 1+68,273 1,182 6,362 3,938 1,353 1,892 5,376 Total deposits 18,063,391 777,^36 6,206,1+66 8i+i+,9i+3 1265,788 75^,556 llk,9lk 2763,1+71 61+6,503 1+33,152 806,712 81+0,745 2008,705 Deferred availability items3,176,019 270,872 616,807 2Ci+,3l5 21+5,192 266,788 226,133 504,133 l8i+,28i 8l+,9i+3 160,372 156,675 255,5C8 Other liabilities including accrued dividends 12,831 71+2 3,777 719 1,^6 612 526 2,123 1+66 357 512 529 1,022 TOTAL LIABILITIES 44, 1+93,282 21+19,998 12,162,855 261+6,291 3528,526 2598,017 2219,C67 773I+,979 1913,805 1127,208 1878,603 1635,932 1+628,001 Capital paid in 207,587 11,539 71,C11 15,021 19,357 9,ii+i 8,188 26,218 6,81+0 4,577 7,235 8,380 20,08c Surplus (Section 7) 1+66,711 29,31+7 11+3,019 36,701+ 43,968 22,1+17 20,028 68,81+2 17,974 11,797 17,008 14,95^ !+0,653 Surplus (Section 13b) 27,51+3 3,011 7,319 i+,i+89 i,oc6 3,3^9 762 l,J+29 521 1,0^3 1,137 1,307 2,140 Other capital accounts ll+6,82C 10,39!+ 32,186 10,767 13,556 9,81+2 8,1+1+1 20,177 8,163 5,^69 7,^95 7,069 13,21+1 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,341,943 21+74,289 12,1+16,390 2713,272 3606,1+13 261+2,766 2256,1+86 7851,61+5 191+7,303 1150,11+1+ 1911,1+78 1667,642 1+704,115 Contingent liability on acceptances purchased for foreign correspondents 5,669 357 2/1,792 1+54 522 278 232 782 204 142 204 198 504 Commitments to make industrial loans 1,835 874 869 15 — 7 — — — — 70 F.R. notec outstanding 24,020,258 11+21,886 5,506,21+9 161+6,21+7 21C2,13l 1622,374 1330,393 4557,866 1114,343 619,542 938,469 672,181 21+88,577 Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,289,000 1+1+0,000 4,670,000 750,000 iooc,cco 650,000 675,owe 3020,000 i+oc,ooc 210,000 280,000 194,000 2000,000 Eligible paper 26,396 1,175 4,390 1,405 — 2,266 — — 3,3CO 1,950 10,910 -- 1,000 U.S. Govt, securities 10,800,CCC 1100,000 1,000,000 1000,000 1150,000 1000,000 700,000 l6CO,C00 8CC,00C 1+50,000 700,000 5CO,t'CC 800,300 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to "'6i to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 30 days 6C days 90 days 6 months to 1 year years years 5 years Discbunts and advances 124,051+ 96,860 9,306 9,725 8,l!+0 18 5 Industrial loans 1,298 778 3 16 73 75 353 U.S. Govt, securities I7i788,796 942,567 866,885 2,108,1+69 1,259,975 l,07l+, 200 l+,385.200 1,709,400 5,1+1+2,100 1/ After deducting $1+71,729,0CC participations of ether Federal Reserve Bankf 2/After deducting $3,877,vCCJ£-"ticix.&.iic£s of ether. JWi&ral &B^fS.i , i.nks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis