H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOAE.D OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM R.k.I (For Immediate Release) December 29, 19^9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 28 member bank reserve balances decreased million. Reductions in member bank reserves resulted from a decrease of $129 million in Reserve Bank credit and increases of |5 million in Treasury cash and $16 million in nonmember deposits and other Federal Reserve accounts, offset in part by an increase of $3 million in Treasury currency and decreases of $68 million in money in circulation and $1+0 million in Treasury deposits with Federal Reserve Banks • Excess reserves of member banks on December 28 were estimated to be approximately $860 million• Holdings of loans, discounts and advances increased §lk million and of United States Government securities, §251 million. The increase in holdings of United States Government securities reflects increases of \'>ll\9 million in bills and 3108 million in certificates and a decrease of $6 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended December 28, 19^9 wore as follows: Increase or decrease since Dec. 28, Dec. 21, Dec. 29. 19^9 19^9 19^8 (In millions of dollars) U. S. Government securities 18,789 +251 -U,558 Loans, discounts and advances Ihh + iu - 112 Other Reserve Bank credit I4U6 -39U 65 Total Reserve.Bank credit 19,379 -129 -h,73h Gold stock 2h,h2rj + 191 Treasury currency U,598 + 3 + 13 Member bank reserve balances 16,299 - 38 -3,939 Money in circulation 27,765 - 63 - 560 Treasury cash 1,31U + 5 - 15 Treasury deposits with F. R. Banks 987 - ho - 296 Nonmember deposits and other F. R. accounts 2,039 + 16 + 280 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.If.1(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Dec. 28, Dec. 21, Dec. 29, 19^9 1949 1948 A S S E TS Gold, certificates 22,622,429 1 + 296,999 Redemption fund for F. R. notes 553,792 1 - 76,858 Total gold certificate reserves 23,176,221 + 220,141 Other cash 219,707 + 10,174 •45,175 Discounts and advances l4l,68o + 13,926 - 113,167 Industrial loans 1,989 + 1,138 U. S. Govt, securities: Bills 4,737,747 + 148,600 - 728,659 Certificates 6,257,450 + 107,500 + 184,881 Notes 562,200 - 244,350 Bonds 7,231,300 - 5,700 -3,769,769 Total U. S. Government securities 18,788,697 + 250,400 -4,557,897 Total loans and securities 18,932,366 + 264,326 -4,669,926 Due from' foreign banks 39 10 F. R. notes of other banks 138,765 + 11,821 - 29,320 Uncollected items 2,790,029 - 482,974 - 76,985 Banks premises 34,062 + 671 + 1,741 Other assets 100,529 + 4,921 - 47,533 TOTAL ASSETS 45,391,718 - 191,063 -4,647,067 L I A B I L I T I ES Federal Reserve notes 23,589,471 43,594 • 632,415 Deposits: Member bank-reserve account 16,298,741 - 38,587 -3,939,503 U. S. Treasurer-general account 986,750 - 40,715 - 296,644 Foreign 763,273 + 20,757 + 149,423 Other 517,435 - 6,933 + 24,881 Total deposits 18,566,199 - 65,478 -4,o5l7B43 Deferred availability items 2,343,607 - 89,502 12,625 Other liabilities including accrued dividends 16,722 + 1,515 1,3°^: TOTAL LIABILITIES 44,515,999 - 197,059 -4,708,281 C A P I T AL A C C O U N TS Capital paid in 210,595 1,790 + 9M~ Surplus (Section 7) 466,711 + 18,522 Surplus (Section 13b) 27,543 Other capital accounts 170,870 + 4,206 + ,33,251 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,391,718 - 191,063 -4,647,CoT Ratio of gold certificate reserves to deposit end F. R. note liabilities combined 55. Of, 6.0^ Contingent liability on acceptances purchased for foreign correspondents 10,467 94 Commitments to make industrial loans 2,299 51 3,810 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

11.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 28, 194? (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 22,622,429 872,104 7,588,8l4 1254,485 l608,525 1045,250 988,9214329,127 676,989 420,517 749,251 679,450 2651,220 Redemption fund for F. R. notes 553,792 51,4l8 49,756 48,915 59,126 52,047 59,851 82,957 42,929 22,538 54,766 27,142 42,567 Total gold certificate reserves 23,176,221 923,522 7,458,550 1285,598 1667,1*49 1095,297 1028,772 4412,084 719,918 1442,855 785,997 706,592 2675,787 Other cash 219,707 22,572 56,527 11,176 16,568 17,096 17,065 28,391 16,017 4,696 10,885 11,511 27,607 Discounts and advances l4l,680 10,765 57,052 7,605 19,269 22,852 2,880 10,552 2,787 9,588 7,952 2,455 8,185 Industrial loans 1,989 — — 1,854 1 105 — — — 51 U. S. Govt, securities; Bills 4,757,747 526,848 1,122,799 522,726 456,967 504,149 254,005 706,955 256,057 155,375 229,155 204,931 419,802 Certificates 6,257,450 451,689 1,482,952 426,244 577,151 ^01,709 555,481 955,717 558,166 202,575 502,661 270,666 554,461 Notes 562,200 58,785 133,236 58,296 51,852 56,092 50,141 85,890 50,582 18,200 27,195 24,518 49,815 Bonds 7,251,300 498,875 1,715,746 492,582 666,950 464,228 387,691 1079,055 390,794 254,099 349,765 312.790 640,751 Total U.S.Government securities 18,788,697 1296,195 4,452,755 1279,848 1732,900 1206,178 1007,518 2803,595 1015,579 608,247 908,772 812,705 1664,829 Total loans and securities 18,952,566 1306,960 4,489,765 1289,287 1752,170 1229,113 1010,198 2815,945 1018,166 617,886 916,724 815,158 1675,014 Due from foreign banks 39 3 l/ 12 3 4 2 2 5 1 1 1 1 4 F.R.notes of other banks 138,765 6,863 22,191 6,298 8,189 15,091 16,522 16,921 9 A-79 4,525 7,799 7,682 17,605 Uncollected items 2,790,029 242,182 579,581 186,184 2^,404 24l,851 191,198 597,064 154,505 71,159 158,890 121,024 222,007 Bank premises 5^,062 1,129 7,899 2,987 5,ll4 2,470 1,525 5,617 1,959 1.146 2,525 720 3,195 other assets 100,529 6,970 23,465 6,490 9,226 6,584 5,580 15,198 6,619 5,155 U,776 4,525 8,565 TOTAL ASSETS 451*91,718 2510,001 12,597,990 2785.825 5702,924 2607,284 2270,458 7687,225 1926,6144 1145,205 1865,593 1666,991 4625,782 l/ After deducting $27,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l+.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 28, 191+9 (in thousands of dollars) LI A B I L I T I ES Total Boston New York Fhiia. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cv. Dallas SanFran. Federal Reserve notes 23,589,1+71 11+11,781+ 5,1+31,625 161+3,011+ 2067,318 1594,244 1299,505 1+510,965 1095,781 612,291 919,375 61+6,560 2357,009 Deposits: Member bank-reserve acct. l6,298,741 687,825 5,1+97,1^3 765,01+6 1161,1+80 670,801+ 663,693 2505,873 587,589 390,1+03 721,81+3 789,278 1857,761+ U.S.Treasurer-general acct. 986,750 85,61+1+ 257,026 82,735 134,436 51,31+1 62,973 113,320 32,056 1+1,286 38,1+07 54,777 32,749 Foreign ' 763,273 1+7,609 _l/2i+6,355 60,1+56 69,521+ 37,029 30,981+ 10i+,287 27,205 18,893 27,205 26,1+50 67,276 Other 517,435 4,394 451,849 1,181 4,588 8,119 733 2,277 6,387 1,737 273 396 35,501 Total deposits 18,566,199 825,1+72 6,1+52,373 909,^18 1370,028 767,293 758,383 2725,757 653,237 452,319 787,728 870,901 1993,290 Deferred availability items 2,343,607 215,360 1+1+8,530 163,671 103,533 198,521+ 173,074 327,084 142,156 56,326 123,1+1+6 116,035 195,868 Other liabilities including accrued dividends 16,722 975 4,719 978 1,939 878 713 2,663 673 501 562 714 1,407 TOTAL LIABILITIES 44,515,999 2453,591 12,337,247 2717,081 3622,818 2560,939 2231,675 7566,469 1891,647 1121,437 1831,111 1634,210 4547,574 Capital paid in 210,595 12,001 72,425 15,084 19,^32 9,213 8,2.4o 26,806 6,876 4,619 7,379 8,448 20,072 Surplus (Section 7) 466,711 29,347 1^3,019 36,704 43,968 22,417 20,028 68,342 17,974 11,797 17,008 14,954 40,653 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 170,670 12,051 37,980 12,465 15,700 11,366 9,753 23,679 9,426 6,277 8,758 8,072 15,343 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,391,718 2510,001 12,597,990 2785,823 3702,924 2607,284 2270,458 7687,225 1926,644 1145,203 1865,393 1666,991 4625,782 Contingent liability on acceptances purchased for foreign correspondents 10,467 659 2/3,308 837 963 513 429 1,444 377 262 377 366 932 Commitments to make industrial loans 2,299 740 886 15 —- 54 500 104 F.R. notes outstanding 24,396,150 1455,242 5,602,109 1686,569 2148,427 1650,498 1364,084 4613,743 1136,654 623,881 948,896 685,293 2480,754 Collateral for F.R. notes held by F.R. Agents: Geld certificates 14,359,000 44o,coo 4,670,000 750,000 1000,000 670,000 675,000 3060,000 4co,ooo 210,000 280,000 204,000 2000,OOo Eligible paper 54,412 6,386 11,470 2,045 —- 18,926 — —- 285 7,850 5,450 2,000 U.S. Govt, securities 10,800,000 1100,000 1,000,000 1000,000 1150,000 1000,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,000 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 141,680 71,357 6,897 49,460 13,955 7 ! 5 Industrial loans 1,989 1,211 4 12 29 102 126 505 U.S. Govt, securities 18,788,697 2,007,412 603,500 1,583,975 2,329,010 1,278,000 3,608,100 - 2,253,600 5,125,100 l/ After deducting $516,899,000 participations of other Federal Reserve Banks. 2/ After deducting $7,159,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis