H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, September ii; of the Federal Reserve System not earlier. September 3* 19^2 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 2 member bank reserve balances decreased $108,000,000, Reductions in member bajjk reserves arose from an increase of $193,000,000 in money in circulation, offset in part by increases of $17,000,000 in Reserve Bank credit, $9,000,000 in gold stock and $1^,000,000 in Treasury, currency and decreases of $30,000,000 in Treasury deposits with Federal Reserve Banks, $3,000,000 in Treasury cash and $22,000,000 in nonmember deposits and other Federal Reserve accounts., Excess reserves of member banks on September 2 were estimated to be approximately $2,260,000,000, a decrease of $80,000,000 for the week. There was an increase of $ll|,000,000 in holdings of United States Government bonds and a decrease of $15,000,000 in bills. A footnote has been appended to the New York figures of "Due from foreign banks" and "Deposits; foreign" to indicate the amount of participations of other Federal Reserve Banks in the accounts. Changes in member bank reserve balances and related items during the week and the year ended September 2, 19^2, were as followsj Increase or decrease since Sept. 2, Aug. 26, Sept, 3* (In millions of dollars) Bills discounted ,9 + h - 3 U. S. Government direct obligations 3,383 - 1 +1,202* U. S. Government guaranteed obligations 5 Industrial advances (not including 13 million commitments--September 2) 16 * 2 +6 Other Reserve Bank credit 128 +11 + Q3 Total Reserve Bank credit 3,514a • 17 +1,301 Gold stock 22,756 + 9 + 34 Treasury currency 3,31*1 • h + 161 Member bank reserve balances 12,418 -108 - 466 Money in circulation 13,250 +193 +3,216 Treasury cash 2,216 - 3 - 184 Treasury deposits with F. R. Banks 1JU6 - 30 - 562 Nonmember deposits and other F. R. accounts 1,609 - 22 - 509 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F.R. 28$c STATEMENT OF CONDITION OF THE FEDERAL RESERVE B^ms UM OE.ri.iu.uoJM. <;, i^c (In thousands of dollars) L I A B I L I T I ES Total ' Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kh.ns.Cy. Dallas S^n Fran. F.R.notes in actual circulation 10,201,223 757,225 2,460,133 723,608 967,741 593,401 411,350 2,070,323 403,841 250,614 348,502 185,322 1,024,163 Deposits: Member bank-reserve acct. 12,417,620 631l4l 4,914,242 647,081 963,017 490,605 392,04l 1,863,342 -376,653 211,007 436,426 360,671 1,131,394 t U.S.Treasurer-general acct. 146,263 •8,731 ,42,413 4,i4 9 14,619 10,624 3,751 17,527 10,767 11,124 7,853 12,771 v 1,934 Foreign 9oO,752 24,653 i/501,970 72,422 09,404 33,193 26,404 92,036 22,632 16,597 21,377 21,877 57,681 Other 356,795 4.205 207,670 10,765 52,635 9,614 2,767 3,074 11,252 7,830 6,984 5,420 34,529 Total deposits 13,631,430 668.730 5,666,301 734,417 1,099,675 544,036 424,963 1,975,979 421,304 246,608 473,i4o 4oo,739 1,225,533 Deferred availability items 943,651 79,444 197,095 60,632 116,570 80,743 40,312 159,690 52,381 22,133 44,912 32,320 61,914 Other liabilities including accrued dividends 3,758 564 784 241 327 327 229 346 117 121 329 169 204 TOTAL LIABILITIES 25,035,062 1,505,963 8,324,313 1,518,898 2,184,313 1,223,512 876,8544,206,338 878,143 519,476 866,883 618,550 2,311,819 CAPITAL ACCOUNTS Capital paid in 145,131 9,438 53,473 11,773 14,340 5,836 5,149 15,997 4,508 3,065 4,692 4,447 11,963 Surplus (Section 7) 157,502 10,949 56,651 15,171 14,346 5,236 5,725 22,925 4,966 3,152 3,613 3,976 10,792 Surplus (Section 13b) 26,781 2,874 7,070 4,393 i,0C7 3,244 713 1,429 530 1,000 1,137 1,263 2,121 Other capital accounts _ 50,840 2,682 14,317 3,362 4,986 2,110 2,409 8,800 2,092 2,665 2,173 2,020 3,144 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 25,415,366 1,531,906 8,455,824 1,553,597 2,219,492 1,239,958 890,950 4,255,489 890,239 529,358 878,498 630,256 2,339,859 Commitments to make industrial advances 13,053 750 351 1,444 613 1,219 142 332 1,018 — 1,082 — 6,102 F.R.notes outstanding 10,613,404 739,143 2,559,217 751,037 1,000,207 627,410 433,361 2,108,913 428,450 254,656 359,951 206,390 1,094,134 Collateral for F.R.notes held by F.R.Agents: Gold certificates 10,771,500 800,000 2,585,000 765,000 1,010,000 650,000 450,000 2,120,000'440,000 255,000" 570,000 212,500 1,114,000 Eligible paper 5,675 1,100 4,195 535 — - — -- 45 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 2 to 5 Over Within 16 to 31 to 6l to 91 days to 6 months 1 to 2 Total 15 days 30 days 60 days 90 days 6 months to 1 yoer years years 5 yet.rc Bills discounted 9,396 6,691 1,003 106 949 647 Industrial advances 16,358 9,592 371 137 2,4io 693 1,560 !&7 3o3 U.t>.Government securities, direct and guaranteed 3,583,334 184,983 105,894 483,732 171,652 146,965 134,700 268,175 388,530 1,503,703 l/ After deducting $458,055,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F,„H. 283a Released for publication Friday morning, Sopt. 4, 19^-2; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDER.iL RESERVE B/1JKS COMBINED (In thousanas of dollars) Increase or decrease s ince Sopt. 2, Aug. 26, Sept. 3, 19U2 1942 1941 A S S E TS Gold certificates on hand and due from U. S. Treasury 20,562,125 +10,999 + 263,093 Redemption fund—F. R. notes 13,101 + 65 2,045 Other cash 223,116 -16,922 7,837 Total reserves 20,803,314.2 - 5,858 + 253,211 Bills discounted: Secured by U, S» Gov't obligations. direct and guaranteed 6,605 ++ 22,,228800 ++ 44,,440088 Other bills discounted 2,791 + 1,699 7,431 Total bills discounted 9,396 + 3,979 3,023 Incustrial advances 16,358 + 2,177 6,677 U. S. Government securities", direct and guaranteed: Bonds 11,,666644,,000033 + 13,720 + 300,203 Notes 728,105 — - 92,195 Certificates 340,973 — + 340,973 Bills 655,253 - 14,157 + 655,253 Total U. S. Government securities, dxrect and guaranteed 3,388,334 437 +1,204,234 Total bills and securities 3,414,088 + 5,719 +1,207,888 Due from foreign banks 47 F. R. notes of other banks 28,491 - 1,578 - 8,511 Uncollected items 1,076,349 + 28,987 + 142,831 Bank premises 40,312 76 ' 276 Other assets 52,737 + 2,527 + 1,373 TOTAL ASSETS 25,415,366 + 29,721 +1,596,516 L I A B I L I T I ES F. R. notes in actual circulation 10,201,223 +170,232 +3,083,387 Deposits: Member bank--reserve account 12,417,620 -103,798 - 466,703 U. S, Treasurer—general account 146,263 - 29,692 - 562,202 Fo reign 960,752 + 53,112 - 191,263 Other 356,795 - 73,244 - 324,931 Total deposits 13,881,4.30 -158,622 -1,545,099 Deferred availability items 943,651 + 13,329 + .49,964 Other liabilities including accrued dividends 3,758 377 + 678 TOTAL LIABILITIES 25,035,062 + 29,612 +1,588,930 C A P I T AL A C C O U N TS Capital paid in 145,131 + 19 + 4,211 Surplus (Section 7) 157,502 -- + 437 Surplus (Section 13B) 26,781 -- 4 Other capital accounts 50,840 + ' 90 + 2,942 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 25,415,366 + 29,721 +1,596,516 Ratio'of total reserves to deposit and F. R. note liabilities combined 86.b% — k.8% Commitments to make industrial advances 13,053 - 3,667 + 181 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE. BANKS ON OCTOBER 21, 19^2 , (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kansas»Cy.Dallas San Fran. Gold certificates on hand and • due from U.S.Treasury 20,562,125 1,164,790 7,180,563 1,205,016 1,751,043 922,091 677,457 3,603,832 651,005 400,984 659,717 443,600'1,902,027 Redemption fund—F.R.notes 13,101 2',265 1,324 4ll 410 1,716 361 1,362 573 79 671 630 3,299 2 Other cash 228,116 20,413 54,236 12,538 14.915 12.875 14.262 36,672 13,067 6,039 9,59 22,9ft), Total reserves 20,803,342 1,187,468 7,236,123 1,217,965 1,766,368 936,682 692,080 3,641,866 664,645 407,102 669,647 455,086 1,928,310 Bills discounted: Secured by U.t>.Gov't obligations, direct' and guaranteed 6*605 1,100 3,995 335 50 — — — 45 — — 1,080' — Other bills aiscounted 2*791 1,263 240 249 110 88 3.05 55 j . 72 1JUL. 190. Total bills discounted 9,596 1,100 5,258 575 299 110 88 305 120 55 72 1,224 190 Industrial advances 16*358 1,156 621 5,266 655 829 824 230 14 429 2,152 139 4,043 U,S^Government securities, direct and guaranteed: Bonds 1*-66U*003 118,544 463,180 123,416 155,078 100,880 71,980 213,167 82,899 44,605 73,426 64,390 152,638 Notes 728l05 51,732 20?,672 54•004 67,856 44,-142 31,493 93,276 36,273 19,518 32,127 28,174 66,788 Certificates 3Uo, r 973 24,250 94,931 2 5 >-289 31,777 20,672 14,750 43,680 16,987 9,140 15,046 13,194 31,277 Bills 655,253 46,514 182,048 48,507 60,952 39,650 28,526 83,783 33,582 17,532 28,859 25,308 59,992 f Total U.v>#Govt securities 9 direct^and guaranteed 3,388,334 240,890 942,811 251,216 • 315*663 205,344.146,749 . 433,906 169,741 90,795 149,458 131.066 310,695 Total bi-lls and securities 3,414,088 243,146 948, _ 6 / 9 0 257,057 316,617 206,283 147,661 434,441 169,875 91,279 151,682 132', 429- "314,928 Due from foreign banks 47 3 l/l8 5 4 2 2 6 1 * 1 l 4 R.notes of other banks 28,491 1,098 2,714 1/483 1,752 . 2,669 2,937 3,108 l,6l;0 1,344 2,877 1,809 5,060 Uncollected items 1,076,349 93,9-4 243,979 68.353 124,814 87,915 44,075 166,546 49,454 26,824 49,07.6 37,833 83,566 Bank premises 4'0,312 2 /ho 10,360 . 4-823 4,364 3,068 •1,950 2,940 2,124 1,319 2,825 1,083 2,716 Other assets 52,737 3 >337 13,9.40 3,911 5*573.. 2,3i9_ * 222_5 " 6,"582 .. 2*500 . _ .1»k2P_ 2,390 2,015 5,255 t TOTAL ASSETS 25,415,366 1,531,906 8,455,824 1,553,597 2,219,492 1,239,938 890,930 4,255,489 890,239 529,358' 878,498 630,256 2,339,839 *Less than $500. l/iifter deducting $29,G0Q participations of other Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis