H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F.R. 283 S T A T E M E N T F O R T H E P R E S S R e l e a s e d f o r p u b l i c a t i o n B o a r d o f G o v e r n o r s 21+5 F r i d a y m o r n i n g , O c t o b e r o f t h e F e d e r a l R e s e r v e S y s t e m n o t e a r l i e r . O c t o b e r 2 3 , 1 9 U C O N D I T I O N O F T H E F E D E R A L R E S E R V E B A M S D u r i n g t h e w e e k e n d e d O c t o b e r 2 2 m e m b e r b a n k r e s e r v e b a l a n c e s ' d e c r e a s e d 1 5 7 2 , 0 0 0 , 0 0 0 . R e d u c t i o n s i n m e m b e r b a n k r e s e r v e s a r o s e f r o m a n i n c r e a s e o f $ 7 1 8 , 0 0 0 , 0 0 0 i n T r e a s u r y d e p o s i t s w i t h F e d e r a l R e s e r v e B a n k s a n d a d e c r e a s e o f $ 2 2 , 0 0 0 , 0 0 0 i n R e s e r v e B a n k c r e d i t , o f f s e t i n p a r t b y i n c r e a s e s o f . » 8 , 0 0 0 , 0 0 0 i n g o l d s t o c k a n d 5 7 , 0 0 0 , 0 0 0 i n T r e a s u r y c u r r e n c y a n d d e c r e a s e s o f $ 5 , 0 0 0 , 0 0 0 i n m o n e y i n c i r c u l a t i o n , - $ 2 7 , 0 0 0 , 0 0 0 i n T r e a s u r y c a s h a n d v 1 2 0 , 0 0 0 , 0 0 0 i n n o n m e m b e r d e p o s i t s a n d o t h e r F e d e r a l R e s e r v e a c c o u n t s . E x c e s s r e s e r v e s o f m e m b e r b a n k s o n 4 O c t o b e r 2 2 w e r e e s t i m a t e d t o b e a p p r o x i m a t e l y £ . , 6 6 0 , 0 0 0 , 0 0 0 , a d e c r e a s e o f 570 000,000 $ , f o r t h e w e e k . T h e p r i n c i p a l c h a n g e i n h o l d i n g s o f b i l l s a n d s e c u r i t i e s w a s a n i n c r e a s e 143 000,000 o f 1 ^ 3 , 0 0 0 , 0 0 0 i n h o l d i n g s o f U. S fG o v e r n m e n t b o n d s a n d a d e c r e a s e o f '¿ . , i n U . S . n o t e s . C h a n g e s i n m e m b e r b a n k r e s e r v e b a l a n c e s a n d r e l a t e d i t e m s d u r i n g t h e w e e k a n d t h e y e a r e n d e d O c t o b e r 2 2 , 1 9 ^ 1 , w u r e a s f o l l o w s : I n c r e a s e o r d e c r e a s e s i n c e 13 O c t . 2 2 , O c t . , O c t . 2 3 I9I4-I I9UI I9I4Q ( I n m i l l i o n s o f d o l l a r s ) B i l l s d i s c o u n t e d 68 U. S. G o v e r n m e n t d i r e c t o b l i g a t i o n s I U. S. G o v e r n m e n t g u a r a i t e e d o b l i g a t i o n s 4 Iivdu t r i a l a d v a n c e s ( n o t i n c l u d i n g I m i l l i o n o c o n r i t m e i i t s - O c t o b e r 2 2 ) 10 + 1 <r„ O t h e r R e s e r v e B a n k c r e d i t 93 - 19 69 2,291 - 22 - 97 T o t a l R e s e r v e B a n k c r e d i t 22,706 + 8 +1,358 G o l d s t o c k 3,214 + 7 + 159 T r e a s u r y c u r r e n c y I<iember bank rswerve balances 12,749 -572 -1,399 iion.-r- in circulation 10,273 - 5 2,042 + Treirury cc.3‘1 2,195 - 27 - 37 Treasury deposits with F. E. Banks 977 +718 + 594 Hon lumber deposits and other F. R. accounts 2,092 -120 + 220 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form. F. R. 2 8 J - a R e t e & s e d f o r p u b l i c a t i o n F r i d a y m o r n i n g , O c t o b e r 2 l + , 1 9 U l ; n °t e a r l i e r . S T A T E M E N T O F C O N D I T I O N O F T i E T W E L V E F E D E R A L R E S E R V E B A N K S C O M B I N E D f i n t h o u s a n d s o f d o l l a r s ) I n c r e a s e o r d e c r e a s e s i n c e Oct. 22, Oct. 15, Oct. 23, 19U1 1941 19Ù0 A S S E T S G o l d c e r t i f i c a t e s o n h a n d a n d 20,560,029 + 34,997 ,392,729 d u e f r o m U. S. T r e a s u r y 13,289 864 + 3,215 R e d e m p t i o n f u n d - F, R. n o t e s 267,533 + 17,035 68,041 O t h e r c a s h T o t a l r e s e r v e s 20,840,851 + 51,168 ♦I,.327,903 B i l l s d i s c o u n t e d : S e c u r e d b y 1T, S. G o v ft o b l i g a t i o n s , 1,351 136 + 359 d i r e c t a n d g u a r a n t e e d 2,194 - 4,081 - 339 O t h e r b i l l s d i s c o u n t e d 3,545 - 4,217 + 20 T o t a l b i l l s d i s c o u n t e d 9,570 + 297 1,265 I n d u s t r i a l a d v a n c e s U. S. G o v e r n m e n t s e c u r i t i e s , d i r e c t a n d g u a r a n t e e d : 1,406,800 + 43,000 20,700 B o n d s 777,300 - 43,000 - 188,500 N o t e s T o t a l U. S. G o v e r n m e n t s e c u r i t i e s , 2,184,100 - 167,800 d i r e c t a n d g u a r a n t e e d ~ — T o t a l b i l l s a n d s e c u r i t i e s 2,197,215 - 3,920 - 166,515 D u e f r o m f o r e i g n b a n k s 47 — — 38,271 - 2,403 ■f 16,038 F. R. n o t e s o f o t h e r b a n k s 1,072,061 -361,538 + 311,814 U n c o l l e c t e d i t e m s B a n k p r e m i s e s 40,983 + 143 - 365 44,417 + 299 - 9,772 O t h e r a s s e t s T O T A L A S S E T S 2k,233,845 -316,251 +1,479,103 L 3 I L I T I 7,352,047 + 1,196 +1,831,776 F. R. n o t e s i n a c t u a l c i r c u l a t i o n D e p o s i t s : 12,748,587 -572,803 -1,399,188 M e m b e r b a n k - r e s e r v e a c c o u n t 977,178 +718,364 + 594,126 U. S. T r e a s u r e r - G e n e r a l a c c o u n t 1,140,505 - 47,754 + 69,062 F o i e i g n 659,405 - 72,503 + 130,629 O t h e r d e p o s i t s T o t a l d e p o s i t s 15,525,675 + 25,304 - 605,371 D e f e r r e d a v a i l a b i l i t y i t e m s 978,741 -343,13 + 242,334 O t h e r l i a b i l i t i e s i n c l u d i n g a c c r u e d d i v i d e n d s 4,388 ______2_0_2 _+_ ______2_4_l 23,360,851 -316,433 +1,469,030 T O T A L L I A B I L I T I E S C A P I T A L C C 0 U N T S C a p i t a l p a i d i n 141,248 + 75 3,610 S u r p l u s ( S e c t i o n 7) 157,065 + . 5,345 S u r p l u s ( S e c t i o n 1 3 b ) 26,785 54 O t h e r c a p i t a l a c c o u n t s 47,696 + 107 + 1,172 T O T A L L I A B I L I T I E S .¿JJD C A P I T A L A C C O U N T S 24,233,845 -316,251 +1,479,103 R a t i o o f t o t a l r e s e r v e s t o d e p o s i t a n d F. R. n o t e l i a b i l i t i e s c o m b i n e d 91.1,% + . I /O + 1.0% C o m m i t m e n t s t o m a k e i n d u s t r i a l a d v a n c e s 13,574 6 6,152 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283~b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 22, 19Ul (In thousands of dollars) A S S E T S Total Boston New Phila, Cleve. Rich. .Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Y o r k Gold certificates on hand and due from U.S.Treasury 20,560,029 1,240,767 8,495,112 1,293,513 1,663,670 772,653 508,355 3,341,043 573,368 345,861 500,676 359,657 1,465,341 Redemption fund - F*R.notes 13,289 4,634 852 629 560 1,491 292 837 822 514 410 671 1,577 Other cash 267,533 26,382 57,147 17,466 19,553 15,414 18,708 37,918 17,728 4,834 12,912 11,503 27,968 Total reserves 1,271,783 8,555.111 613 1.683.791 789,558 527,355 3,379,798 591,918 351,209 513.998 371,031 1,494,886 2 0 . 8 U 0 . 8 5 1 1 . 3 1 1 . Bills discounted: Secured by U. S. Govft obligations. direct and guaranteed 1>351 9 150 595 58 200 - 30 25 14 85 l4o 54 — Other bills discounted 2,19U 200 25 52 -- 12 -- --- 45 1,295 512 53 Total bills discounted 3,5U5 350 620 58 252 --- i+2 25 14 130 1,435 566 53 Industrial advances 9,570 1,395 1,096 3,573 211 ■ 792 271 336 400 480 96 283 137 TJ. Government securities, direct and guaranteed: Bonds l,U0o,800 109,078 364,773 110,798 139,060 36,951 60,063 192,099 71,570 41,870 60,502 49,307 120,729 Notes 777,300 60,270 201,548 61,219 76,833 48,045 33,186 106,141 39,544 23.13U 33,430 27,244 66,706 Total U. S. Gov’t securities, direct and guarantied 2,18U,IOC- 169,348 566,321 172,017 215,893 134,996 93,249 298,240 111,114 65,004 93,932 76,551 187,435 Total bills and securities 2 , 1 9 7 . 2 1 5 171,593 568,037 175,648 216,356 135,788 93,562 298,001 111,528 65,614 95,463 77,400 187,625 Due from foreign banks U7 3 18 5 4 2 2 6 1 * 1 1 4 F. R. notes of other banks 38,271 1,248 2,708 1,483 2,219 13,754 2,706 2,407 2,633 905 3,405 964 3,779 Uncollected items 1,072,061 102,072 251,515 69,053 127,001 86,118 45,ioi 156,436 47,439 27,759 48,.415 40,392 70,760 Bank premises ¿0,933 2,791 10,548 4,867 4,463 2,892 1,958 2,991 2,285 1,345 2,900 1,158 2,785 Other assets UU,Ul7 3,186 11,370 3,637 4,766 2,930 1,865 5,040 2,098 1,350 1,853 1,581 4, l4i T O T ^ L A S S E T S 24,233,845 1,552,676 9,397,307 1,506,306 2,038,600 1,031,01)2 672,549 3, «4-5,939 757,902 1448,182 666,035 ¿493,327 1,763,980 ♦Less than :*,500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. H. 283-c STATiKjSKT OF CONDITION OF THE FEDERAL RESERVE BAMS ON OCTOBER 22, ] 9I4.I (In thousands of dollars) L I A B I L I T I E S T o t a l B o s t o n N e w Y o r k P h i l a . C l e v e . R i c h . A t l a n t a C h i c a g o S t . L o u i s F. R. n o t e s i n a c t u a l c i r c u l a t i o n 7,352,047 611,152 1,888,986 509,459 ' 695,903 388,100 246,7961,550,355 289,657 D e p o s i t s : 12,748,587 666,095 5,757,623 767,547 967,050 452,1421286,2521,891,370 334,695 M e m b e r b a n k - r e s e r v e a c c t . 977,178 95,626 413,929 65,032 90,253 35,764 33,729 70,425 32,259 40,924 U . S . T r e a s u r e r - G e n s r a l a c c t . 1,140,505 51,795 1442,664 109,361 103,723 48,479 39,46o 135,291 33,823 85,716 F o r e i g n 659,405 7,492 543,289 12,960 30,984 6,890 7,790 4,792 8,608 26,207 O t h e r d e p o s i t s Total deposits 15,525,675 821,008 7,157,505 954,900 1,192,010 543,554 367,231 2,101,878 409,385 227,506 369,129 319,419 1,062,150 Deferred availability items 978,714.1 94,507 220,806 67,009 115,713 82,079 44,709 145,473 46,341 23,120 42,765 39,879 54,980 Other liabilities including accrued dividends U, 388 405 1,233 391 429 393 162 478 144 143 160 160 290 TOTAL LIABILITIES 23,860,85! ,527,072 9,268,530 1,531,819 2,004,055 1,014,926 658,898 3 C A P I T A L A C C O U N T S Capital paid in 141,248 9,562 51,772 11,860 14,603 5,639 4,848 3,011 4,553 4,356 11,771 Surplus (Section 7) 157,065 10,906 56,447 15,144 14,323 5,247 5,725 3,152 3,613 3,974 10,785 Surplus (Section 13b; 26,785 2,874 7,070 4,393 1,007 3,244 713 1,429 533 1,000 1,138 1,263 2,121 Otner capital accounts 47,896 2,462 13,488 3,090 4,612 1,986 2,365 2,528 1,998 1,931 2,990 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,233,845 1,552,676 9,397,307 1,566,306 2,038,600 1,031,042 672,549 3,845,939 757,902 448,132 666,035 493,327 1,763,980 Commitments to make industrial advances 13,574 553 463 2,270 1,228 1,226 l,04l 1,600 559 28 1,501 23 3,082 L'lATURITY DISTRIBUTION OF BILLS AIJD SECURITIES Within 16 to 31 to 6l to 91 days to 6 months 1 'fear 2 Years to Over Total 15 days 30 days 60 days 90 dnys 6 months to 1 Year to 2 Yaari 5 Yeu.rs 5 Ye^rs Bills discounted 3,545 1,753 156 522 360 706 46 Indu 31 r i a1 advane e s 9,570 2,816 390 421 423 877 1,572 1,036 1,435 U. S. Government securities, direct and guaranteed 2,184,100 84,800 66,20c 208,200 548,300 1,276,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

rm F. R. 283-d FEDERAL PE32RVE FOTE ST.iTEI.iSKT OF OCTOBER 22, I9I4I (In thousands of dollars) T o t a l B o s t o n N e w Y o r k P h i l a . C l e v e . R i c h . A t l a n t a C h i c a g o S t . L o u i s T.Jnn* E a n s . C y . D a l l a s S a n F r a n . “d c r a l R e s e r v e n o t e s : 269 93 s s u e d t o F . R . ß a n k b y F . R . A g e n t 7 , 7J>i+,850 6 1 + 8 , 8 9 5 1 , 9 7 8 , 1 8 k 5 3 h s k 2 6 7 2 7 , 3 0 1 ¿ 4 5 , 5 8 1 + , k 1 , 5 8 1 , 3 0 0 3 1 0 , 0 5 5 1 9 3 , 0 5 2 2 5 ^ , 3 6 2 1 3 5 , 1 6 6 6 8 8 , 0 0 8 89,198 27 4 4 ield b y F e d e r a l R e s e r v e B a n k 3 8 2 , 8 0 3 3 7 , 7 ^ 3 2 l + , 9 6 7 51,1+78 J -ÖJ . 2 3 , 1 3 3 3 0 , 91«,5 2 0 J 0 1 5 , ^ 3 P 1 0 , 1 8 3 1 2 , 8 2 1 6 9 , 1 1 5 695,903 2146,796 I n a c t u a l c i r c u l a t i o n 7,352,0.1+7 6 1 1 , 1 5 2 1 , 8 8 8 , 9 8 6 5 0 9 , 1 + 5 9 3 8 8 , 1 0 0 1 , 5 5 0 , 3 5 5 2 3 9 , 6 5 7 1 8 7 , 7 2 2 2 1 * 2 , 6 7 9 1 2 2 , 3 1 + 5 6 1 8 , 8 9 3 H a t ?ral h e l d b y a ^ e n t a s s e u r i t y f o r n o t o s i s s u e d t o b a n k : G o l d c e r t i f i c a t e o n h a n d a n d d u e f r o m U. S. T r e a s u r y 7 , 8 8 6 , 0 0 0 6 5 5 , 0 0 0 1 , 9 9 0 , 0 0 0 5 1 + 0 , 0 0 0 7 3 0 , 0 0 0 1 + 5 0 , 0 0 0 2 7 5 , 0 0 0 1 , 6 2 0 , 0 0 0 3 2 9 , 0 0 0 1 9 7 , 0 JO 2 5 5 , 0 0 0 l l + l , 0 0 0 7 0 l + , 0 0 0 620 126 E l i g i b l e p a p e r 2 , 5 6 3 3 5 0 5 8 — — - - — ll+ 1 , 3 9 5 Total collateral 7,888,563 655,350 1,990,620 5Uo,058 730,000 1+50,000 275,000 i,620,o00 529,01»+ 197,126 256,395 ii+1,000 702+,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis