H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 233 STATEKEKT FOR THE PRESS Released for publication Board of Governors Friday morning, Sept. 26; of the Federal Reserve System not earlier. September 25, I9I4I COEDITION OF THE FEDERAL RESERVE. BANKS L'urin.? the week ended September 2l+ member bank reserve balances decreased .■55,000,000. Reductions in member bank reserves arose from increases of 31+5,000,000 in Treasury deposits with Federal Reserve Banks, O2J4.jOOO.OOO in money in circula­ tion, and >2J,000,000 in nonmember deposits and other Federal Reserve acconrts, and a decrease of ;37»OüO,üOO in Reserve Bank credit, offset in part by increases of ;S,000,000 in gold stock and “,6,000,000 in Treasury currency, and a decrease of ¿53,000,000 in Treasury cash. Excess reserves of member banks on September 2l+ were estimated to be approximately '>5,200,000,000, a decrease of ‘,50,000,000 for the week. Changes in member bank reserve balances and related items during thr* week and the year ended September 2)+, 191+1, were as follows: Increase or decrease since Sept. 2l+, Sept. 17, Sept. 25, I9J+I 19J+1__ lyl+0 (In millions of dollars) Bills discounted 12 + 1 + 7 U. S. Government direct obligations 2,179 -- - 21+8 U. S. Government guaranteed obligations 5 ... - 2 Industrial .advances (not including 13 million commitments - Septejnber 2i+) j Other Reserve Bank credit 7k 1 NT\ CO + 1+9 Total Reserve Bank cr -dit 2,279 - 37 1>3 Gold stock 22,71x9 + 6 +1,503 / Treasury currency ?,19l4 + O + 153 ¿'.ember bank reserve balances 13,273 - 55 1+30 fcloney in circulation 10,070 + 2i+ ♦l,930 Treasury cash 2,350 - 50 + 52 Treasury deposits with F. R. Banks 379 + i+5 - J+11+ Nonmember deposits and other F. R. accounts 2,11+9 + 20 + 351+ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F. R. 283-a Released for publication Friday morning, September 26, 19Ul; not earlier* STATEMENT OF CONDITION OF TEE TY/ELVE FEDERAL RESERVE BANKS COrSINED (In thousands of dollars) Increase or decrease since Sept. 2l+, Sept. 17, Sept. 25, l?l4.1 I9I4.I I9I+O A S S E T S Gold certificates on hand and due from U. S.Treasury 20,362,029 61+, 997 +1,518,729 Redemption fund - F. R. notes 15,71+3 - 61+3 3,953 Other cash 269,1+62 + 2,397 - 73,072 Total reserves 20,61+7,231+ + 66,751 +l,l+ljl+,6l0 Bills discounted: Secured by U. S. Gov’t obligations, direct and guaranteed 1,920 + 310 + 1,060 Other bills discounted 9,597 + 323 + 5,875 Total bills discounted 11,517 633 + 6,935 Industrial advances 8,96)4 68 + 300 U. S. Government securities, direct and Guaranteed: £ onds 1,363,800 + 1+5,200 Notes 820,300 — - 291+, 700 Total U. S. Government securities, direct and pu;'.ranteed 2,16i+,100 — - 21+9,500 Total bills and securities 2,20l+,581 + 701 - 21+2,265 Due from foreign banks 1+7 «... F. R. notes of other banks 39,U22 - 2,1+78 + 16,51+7 Uncollected items 956,918 - 339,681 + 26l,9i+8 Bank premises 1+0,701 + 119 513 Other assets 1+3,221 052 10,326 T O T A L A S S E T S 23,932,201+ - 273,736 +1,1+70,001 L I A B I L I T I E S F. R. notes in actual circulotion 7,161+, 250 + 16,791+ +1,757,265 Deposits: ^eriber bank - reserve account 13,273,001+ 5l+, 81+2 - J+30,028 TJ. S. Treasurer - Generul account 370,956 + 1+5,191+ - 1+13,576 roreign 1,111,359 - 15,091 + 100,035 Other deposits 7l+l+,98l+ + 35,752 + 231,339 Total deposits 15,5 JO,323 + 11,013 - 512,230 Deferred availability items 8:32,796 - 302,051+ + 212,639 Other liabilities including accrued dividends 3,950 + 1+77 + 297 TOTAL LIABILITIES 23,559,379 - 273,770 +1,1+57,971 C A P I T A L A C C O U N T S Capital paid in li+1,013 32 + 3,383 Surplus (Section 7) 157,063 — + 5,31+5 Surplus (Section 13b) 26,785 51+ Other capital accounts 1+7,962 66 + 3,356 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,932,201+ - 273,736 +1,1+70,001 Ratio of total reserves to deposit and F. R. note liabilities combined 91.1 + of * 1 Commitments to make industrial advances 12,586 1,099 + l+,508 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL BESERVE BANKS ON SEPTEMBER 2h, 19^1 (In thousands of dollars) a S S E I S Total Boston Now York Phila. Cleva. Rich* jstianta Chicago St.Louis liinn. Kans.Cy. Dallas San Fron . Gold certificates on hand and due from U. S. Treasury 20,362,029 1,186,757 8,1+82,1+08 1,288,11+2 1,567,631+ 71+3,755 '+99,933 3,¿+59,700 51+9,1.ah 331+, 198 1+83,1+62 329,788 1,1+36,333 Rei^mption fund - F.R.notes 15,71+3 ¿+,853 1,653 968 871 1,1+77 141+2 1,175 893 5I+8 I+70 725 1,663 Other cash 269,1+62 27,588 61+, I+16 16,1+07 22,338 12,989 13,665 39,751+ 11,575 5,359 12,360 10,2l|.0 27,721 Total reserves 20,6^7,231+ 1,219,198 8,51+8,1+82 1,305,517 1,590,893 753,221 519,01+0 3,500,629 561,852 31+0,105 1+96,292 31+0,753 1,1+66,222 Bills discounted: Secured by U. S. Govft obligations. direct and guaranteed 1,920 —- 1,1+15 155 100 — 20 - 33 60 10 127 — Other bills discounted 9,597 — 8,1481 19 56 i+6 36 21+ 109 29 165 617 15 Total bills discounted 11,517 -- 9,896 17i+ 156 1+6 56 21+ li+2 89 175 71+1+ 15 Industrial advances 8,96!+ 1,667 1,083 3,609 2I+7 803 160 332 — 1+66 96 298 11+3 U. S. Government securities, direct and guaranteed: Bonds 1,363,800 99,286 38l+,113 107,501 11+1,895 7!+, 720 57,1+61+ 166,99$ . 6>*086 3B.1+77 66,290 53,% h 107,765 Notes 820,300 59,719 231,036 61+,5J+1 85,31+8 1+1+, 9I+3 3i+,577 loo,i|i+6 39,630 23,11+1+ 39,861+ 32,235 61+, 817 Total U. S. Gov*t securiti3S, direct and guaranteed 2,181+, 100 159,005 6l5,ll+9 171,81+2 227,2U3 119,663 92,061 267,14+5105,516 61,621 106,11+1+ 85,829 172,582 Total bills and securities 2,20l+, 581 160,672 626,128 175,685 227,6Lj6 120,512 92,277 267,801 105,658 62,170 106,1+15 86,371 172/7U0 Due from foreign bsinks 1+7 3 18 5 1+ 2 2 0 1 * 1 1 1+ F. R. notes of other banks 39,1+22 1,202 2,959 1,1+17 1,911+ lJ+,235 3,319 2,531+ 2,i+o6 1,825 3,611 625 3,375 Uncollected items 956,918 92,096 210,631+ 62,182 116,901 33,959 38,567 137,037 1+7,1+11+ 26,1+21 1+6,635 36,861 58,111 Bank premises 1+0,781 2,796 10,1+01 1+, 856 l+J+76 2,781+ 1,962 2,997 2,291+ 1,31+8 2,916 1,166 2,785 Other assets 1+3,221 2,916 11,691+ 3,600 l+,85l+ 2,598 1,811 J+,963 1,973 1,251 2,035 1,710 3,816 T 0 TlA L A S S E T S 23,932,201+ 1,1+73,883 9,1+10,3°6 1,553,202 1,91+6,688 982,311 656,978 3,916,017 721,623 1+33,126 657,905 1+67,987 1,707,053 *Less than ‘¿500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. Et. 28J-C STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPT3I.ÎBER 2l+, 191+1 (in thousands of dollars) L I A B I L I T I E S Total Boston N^w York Phila. Clevo. Rich. Atlanta Chicago SIt. Louis llinn. Kans.Cy. Dallas San Fran. F. R. notes in actual cir­ culation 7,161;, 250 595,11+2 1,859,71+3 500,991+ 682,867 363,393 236,679 1,518,673 27l+,l+51 182,501 237,719 lll+,3i+9 597,231+ Deposits: Lcmber hank-reserve acct. 13,273,081+ 683,052 6,093,591 80l+, 086 969,579 1+55,318 298,311+ 2,02i+,61+0 319,161+ 167,511+ 299,065 251+, 661+ 898,597 U.S.Treasurer-General acct. 378,956 30,756 82,255 32,262 2l+,07l+ 18,1+73 23,891+ J+2,060 28, Oi+8 21,327 27,821 20,762 27,22k Foreign 1,111,359 52,1+71 1+31+.1+02 105,712 100,263 46,862 38,11+1+ 130,778 32,691+ 23,976 31,605 31,605 82,31+7 Other deposits 714+, 981+ 7,313 62l+,012 lJ+,265 28,623 7.1401 9,1+22 5,073 8,602 6,315 5,91+2 702 27,3lU Total deposits 15,508,383 773,592 7,239,200 956,325 1,122,539 520,051+ 370,271+ 2,202,551 333,508 219,132 361+,l+33 307,733 1,035,982 Deferred availability items 882,796 8l+, 138 181,549 6l,lll+ 106,359 7l+,l+5i 36,238 11+6,657 1+6,61+9 21,666 14+, 279 33,763 1+5,933 Other liabilities including accrued dividends 3,950 I4ÛI 1,066 350 397 370 128 1+31 ll+O 130 155 158 222 TOTAL LIABILITIES 23,559,379 1,1+53,273 9,281,625 1,518,783 1,912,162 966,268 61+3,319 3,868,312 709,71+8 1+23,1+29 61+6,586 1+56,503 1,679,371 C A P I T A L A C C O U N T S Capital paid in 11+1,013 9,361 51,725 11,860 • ll+, 599 5,51+0 l+,8l+7 15,091 1+, 368 3,ool+ 1+, 550 ¿+,296 11,761+ Surplus (Scotion 7) 157,065 10,906 56,14+7 15,114+ li+,323 5,21+7 5,725 22,821+ l+,925 3,152 3,613 3,971+ 10,785 Surplus (Section 13b) 26,785 2,871+ 7,070 U, 393 1,007 3,214+ 713 1,1+29 533 1,000 1,138 1,263 2,121 Other capital accounts 1+7,962 2,1469 13,1+99 3,082 l+,597 2,001+ 2,371+ 8,361 2,051+ 2,51+1 2,018 1,951 3,012 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,932,20i+ 1,1+78,883 9,1^0,366 1,553,262 1,91+6,688 982,311 656,978 3,916,017 721,628 1+33,126 657, ?05 1+67,937 1,707,053 Commitments to make industrial advances 12,536 810 516 2,122 1,190 71+2 i,a'+l+ 635i 660 20 1,501 23 3,315 MATURITY DISTRIBUT:ON OF BILLS AND SECURITISS Tiithin l6 to 31 to 61 tc 91 days to 6 months 1 Year 2 Years to Over Total 15 days 30 days 60 days 90 days 6 months to 1 Year to 2 Years S Years 5 Years Bills ¿iscounted 11,517 8,1+01 1,31+2 1,363 287 118 6 — — — Industrial advances 8,961+ 2,521+ 361+ 176 1+71 825 1:,532 1,603 1,1+69 -- U. S. Government securities, direct and guaranteed 2,181+, 100 — — - l+3,ooo 8l+, 800 66,200 208,200 51+8,500 1,233,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d FÖDERAL RESERVE KOIJ STaTEsX ^ ON SEPTEMBER 2l+, 19^1 (In thousands of dollars) Total Boston New York Phila. Cleve* Rieh. .Vtlanta Chicago St.Louis Kinn. Kans.Cy. Dallas San Fran* Federal Reserve notos: issued to F.R.Bank by F.R.Agent 7,553,617 633,61+2 i,95l+,192 522,121 712,750 307,703 26l,li+l 1,553,895 293,1+55 107,860 21+7,908 127,605 671,329 Held by Föderal Rssurve Bank 309,367 30,500 9i+,W4 21,127 29,391 2l+,310 2l+,l+62 35,222 19,00l+ 5,36? 10,109 12,756 7U.095 In actual circulation 7,loU,250 595,li£ 1,859.7^40 500,99k 602,867 363,393 236,679 1,510,673 271+,.'451 182,501 237,719 llU.81+9 597,2314 Collateral held by a cent as se­ curity for notes issued to bank: Gold certificates on hand and due fror. U. S. Treasury 7,690,000 655,000 1,960,000 51+0,000 715,000 1*00,000 270,000 1,580,000 309,000 189,000 250,000 133,000 689,000 Eligible paper 10,291 — 9,811 155 — 53 — — 33 85 169 Total collateral 7,700,291 655.000 1,969,811 5U0,155 715,000 1+00,038 270,000 1,580,000 309,033 189,085 250,169 133,300 689,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis