H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) December 22, 19^9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 21 member bank reserve balances decreased "$96 million. Reductions in member bank reserves resulted from increases of J$63^ million in Treasury deposits with Federal Reserve Banks, $132 million in ^money in circulation and $60 million in nonmember deposits and other Federal Reserve accounts, and a decrease of $^9 million in gold stock, offset in part by an increase of $777 million in Reserve Bank credit and a decrease of $5 million in Treasury cash. Excess reserves of member banks on December 21 were estimated to be approximately $850 million. Holdings of loans, discounts and advances increased $21 million and of United States Government securities $369 million. The increase in holdings of United States Government securities reflects increases of $21^ million in bills, i$l66 million in certificates, $264 million in notes, and a decrease of $275 million in bonds• Changes in member bank reserve balances and related items during the week and the year ended December 21, 19^9 were as follows: Increase• or decrease sine: e Dec. 21, Dec. Ik, Dec. 22, 19^9 19+9 19^8 (In millions of dollars) U. S. Government securities 18,538 +369 -+,307 Loans, discounts and advances 130 + 21 - 297 Other Reserve Bank credit 840 +387 - 109 Total Reserve Bank credit 19,508 +777 -+,713 Gold stock 2^,1+27 - k9 + 193 Treasury currency +,595 + 11 - l Member bank reserve balances 16,337 - 96 -3,562 Money in circulation 27,833 +132 - 727 Treasury cash 1,309 - 5 - 17 Treasury deposits with F« R. Banks 1,027 +63^ - 548 'UoiimRTnbor deposits and other F. R. accounts 2,023 + 60 + 3+3 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 Dec. 21, Dec. 1*1, Dec. 22, 191*9 19^9 1948 A S S E TS Gold certificates 22,622,430 - 50,002 + 297,001 Redemption fund for F, R. notes 553,793 1 80,700 z Total gold certificate reserves - 50,003 + 216,301 Other cash 209,533 - 8,946 • 10,095 Discounts and advances 127,75^ + 20,566 - 298,483 Industrial loans 1,989 + 34 + 1,121 U. S. Govt, securities: Bills 4,589,ikf +214,350 - 431,848 Certificates 6,149,950 +166,050 + 189,581 Notes 562,200 +264,100 - 244,750 Bonds 7,237,000 -275,300 -3,819,550 Total U. S. Government securities 18,538,297 +369,200 -4,306,567 Total loans and securities 18,668,040 +389,800 -4,603,929 Due from foreign "banks 39 - . . 10 F. R. notes of other banks 126,944 -' 5,591 - 23,13^ Uncollected items 3,273,003 + 14,985 - 161,412 Bank premises + 18 33,391 + 1,089 Other assets - 61,105 95,608 - 48,642 TOTAL ASSETS 45,582,781 +279,158 -4,629,832 L I A B I L I T I ES Federal Reserve notes 23,633,065 +113,042 •- 764,383 Deposits: Member bank-reserve account 16,337,328 - 95,328 -3,561,371 U. S. Treasurer-general account 1,027,465 +634,379 - 5^7,112 Foreign 742,516 - 23,425 + 193,133 Other 524,368 + 17,760 + 40,398 Total deposits 18,631,677 +533,386 -3,874,952 Deferred availability items 2,433,109 -371,962 - 52,299 Other liabilities including accrued dividends 15,207 327 86 TOTAL LIABILITIES 44,713,058 +274,793 -4,691,720 C A P I T AL A C C O U N TS Capital paid in 208,805 352 + 7,821 Surplus (Section 7) 466,711 + 18,522 Surplus (Section 13b) 27,5^3 Other capital accounts 166,664 + 4,013 + 35,5^5 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,582,781 +279,158 -4,629,832 i-.atio of gold certificate reserves to deposit. ,firA F. R. note liabilities combined 54.8$ l.i 5.8$ Contingent liability on acceptances purchased for foreign correspondents 10,561 38 + 7,190 Commitments to make industrial loans 2,218 5 - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.3h STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 21, 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 22,622,430 846,924 7,436,341 1190,159 1519,861 1066,902 990,734 4378,098 693,244 398,600 761,281 698,045 2642,241 Redemption fund for F. R. notes 553,793 5l,*H7 49,736 48,915 59,127 52,047 39,851 82,957 42,929 22,338 34,766 27,142 42,568 Total goid certificate reserves 23,176,223 898,341 7,486,077 1239,074 1578,988 1118,949 1030,585 4461,055 736,173 420,938 796,047 725,187 2684,809 Other cash 209,533 20,44l 34,817 8,212 18,381 15,336 14,442 27,507 4,562 4,715 11,188 11,812 28,120 Discounts and advances 127,754 13,119 30,243 8,195 l6,l46 16,631 3,645 12,415 4,618 5,562 8,038 2,468 6,674 Industrial loans 1,989 1,833 1 103 ... 52 ... --- U. S. Govt, securities: Bills 4,589,147 316,596 1,087,582 312,603 423,262 294,609 246,038 684,779 248,007 148,564 221,968 198,504 4o6,635 Certificates 6,149,950 424,273 1,457,476 418,923 567,216 394,808 329,718 917,677 332,356 199,093 297,^60 266,01 5 5^,935 Notes 562,200 38,785 133,236 38,296 51,852 36,092 30,141 83,890 30,382 18,200 27,193 24,318 49,815 Bonds 7,237,000 499,266 1,715,097 492,970 667,476 464,594 387,997 1079,883 391,102 234,283 350,039 313,037 641,256 Total U • S• Government securities 18,538,297 1278,920 4,393,391 1262,792 1709,806 1190,103 993,894 2766,229 1001,847 600,140 896,660 801,874 l642,64l Total loans and securities 18,668,040 1292,039 4,423,634 1272,820 1725,953 1206,837 997,539 2778,644 1006,465 605,754 904,698 804,342 1649,315 Due from foreign banks 39 3 l/ 12 3 4 2 2 5 1 1 1 1 4 F.R.notes of other banks 126,944 6,473 23,15^ 5,269 7,637 13,860 9,111 18,739 7,903 4,122 7,131 7,930 15,615 Uncollected items 3,273,003 287,336 620,586 233,037 290,874 268,413 218,412 517,209 165,865 86,817 185,391 153,172 245,891 Bank premises 33,391 1,134 7,899 2,987 4,707 2,482 1,526 3,357 l,94o 1,148 2,322 720 3,169 Other assets 95,6o8 6.854 21,933 6,098 9,091 5,949 5,090 14,609 6,322 2,952 4,492 4,123 8,095 TOTAL ASSETS 45,582,781 2512,621 12,618,112 2767,500 3635,635 2631,828 2276,707 7821,125 1939,231 1126,447 1911,270 1707,287 4635,018 1/ After deducting $27,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FELERAL RESERVE BANKS ON DECEMBER 21, 19^9 E.4, .c) (In thousands of dollars) L I A B I L I T I ES Total Eoston New York Phila, Cleve. Rich. Atlanta Chicago St.Louie Minn. Kans.Cy. Dallas SexJran. Federal Reserve notes 23,633,065 1^13,362 5,^,151 16^8,285 2071.265 1596,81+U 1305,557 ^515,102 1099,7^2 613,673 921,607 645,768 2357,709 LefOBite: Member lank-reserve acct. lc,337j32o 7C8,2 5,468,217 76^,512 1109,115 678,504 657,823 2526,379 606,675 369,063 759,992 809,391 1&79,452 U.S.Treasurer-general acct.1,027>^65 62,1+66 •'285,744 60,070 87,692 62,029 55,^95 205,522 34,990 34,066 29,949 66,146 4l,072 Foreign 7^-2,516 46,355 1/239,210 58,664 67,694 36,054 30,168 101,540 26,469 18,395 26,4&9 25,753 65,505 Other 52^,366 5,254 "~ 456,603 3,009 7,358 2,824 368 2,487 7,368 1,530 256 _ _ . 500 36^809 Total deposits 16,631,677 822,300 6,449,774 666,455 1272,059 779,411 743,8?4 2635,928 675,522 423,056 816,686 903,792 2022,838 Deferred availability items 2,433,109 219,774 461,577 163,460 210,807 208,763 188,110 347,931 128,619 65,639 138,430 124,504 175,295 Other liabilities including accrued dividends 15,207 1,123 4,194 861 1,749 777 654 2,375 3 62 455 533 636 :6S J j TOTAL LIABILITIES 44,713,058. 2456,559 12,359,696 2699,061 3555,680 2585,795 2238,175 7701,336 1904,665 1102,823 1877,258 1674,700 4557,110 Capital paid in 208,805 11,992 71,062 15,064 19,432 9,166 8,220 26,436 6,874 4,617 7,373 6,429 20,120 Surplus ^Section 7) 466,711 29,347 143,019 36,704 43,968 22,417 20,026 68,842 17,974 11,797 17,00.8 14,954 40,653 Surplus (Section 13b) 27,543 3,011 7,319 4,489 i,oc6 3,349 762 1,429 521 1,073 1,137 1,307 2,1-0 Other capital accounts 166,664 11,712 37,016 12,162 15,349 ll,ici 9,522 23,082 9,197 6,137 8,494 7,897 14,995 TOTAL LIABILITIES ANI' CAPTTAL ACCOUNTS 45,582,781 2512,621 12,618,112 2767,500 3635,635 2631,828 2276,707 7821,125 1939,231 1126,447 1911,270 1707,287 4635,018 Contingent liability on acceptances purchased for foreign correspondents 10,561 665 2/3,337 845 972 518 433 -,457 380 264 38C 370 94o Comnitments to make industrial loans 2,248 749 826 15 -- 54 500 - -- - io4 F.R. notes outstanding 24,4C6,721 1460,532 5,617,905 1691,245 2148,426 1643,598 1362,268 4606,155 1136,642 625,544 947,753 682,336 2486,317 Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,359,000 440,000 4,670,000 750,000 1000,000 670,C>00 675,000 3060,000 400,000 210,000 280,000 204.000 2000,000 Eligible paper 39,303 8,677 7,115 2,555 -- 9,176 -- -- 2,080 3,8oo 5,500 ~- '4oo U.S. Govt, securities 10,800,000 1100,000 1,000,000 1000,000 1150,000 1000,000 700,000 1600,000 800,000 450,000 70o,orio 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 127,75^ "5573FT 9,205" 37F99 59,253 10 3T- Industrial loans 1,989 1,210 3 1 12 29 103 126 505 U.S. Govt, securities 18,538,297 2,035,685 549,834 1,672,475 2,041,303 1,271,000 3,583,600 2,253,600 5,130,80c l/ After deducting $503,287,000 participations of ether Federal Reserve Banks. 2/ After deducting $7,224,000 participations of ether Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis