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 11; of the Federal Reserve System not earlier. September 10, 19^2 CONDITION OF TEE FEDERAL RESERVE BANKS During the week ended-September 9 member bank reserve balances decreased $16,000,000. Reductions in member bank reserves arose, from increases of $139,000,000 in money in circulation and $68,000,000 in Treasury deposits with Federal Reserve Banks and a reduction of $11,000,000 in gold stock, offset in part by increases of $161,000,000 in Reserve Bank credit and $2,000,000 in Treasury currency and decreases of $11,000,000 in Treasury cash and $28,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves on September 9 werq estimated to be approximately $2,350*000,000, an increase of $90,000,000 for the week. The principal change in holdings of bills and securities was an increase of $1lii,000,000 in United States Government securities, bonds increased $9,000,000, notes $2,000,000, certificates $83,000,000 and bills $20,000,000. Changes in member bank reserve balances and related items during the week and the year ended September 9> 19^2, were as follows: Increase or decrease since Sept. Q, Sept. 2, Sept. 10, I9k2 19i4.2 191+1 (in millions of dollars) Bills discounted 13 + 4 1 U. S. Government direct obligations 3,497 +114 +1,318 U. S. Government guaranteed obligations 5 Industrial advances (not including 1I4. million commitments—September 9) 15 - 1 +5 Other Reserve Bank credit 173 +45 + 125 Total Reserve Bank credit 3,703 +l6l +1,448 Gold stock 22,745 -11 + 12 Treasury currency 3,343 +2 + 1 58 Member bank reserve balances 12,402 - 16 - 756 Money in circulation 13,339 +139 + 3,353 Treasury cash 2 ,205 - 11 - 192 Treasury deposits with F. R. Banks 214 + 68 - 242 Nonmember deposits and other F, R. accounts 1,581 - 28 - 54 5 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT OF CONDITION OF THE FEDEfiaL RESERVE BANKS OK SKJfTKMHifiH y, (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. CIeve. Rich. Atlanta. Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F'.R.Aotes in actual circulation 10,328,498 '768,690 2,479,783 731,821 980,164 611,094 415,.916 2,088,186 40?,448 253,053 353,049 189,273 1,048,016 Deposits: • ; . - -• Member bank-reserve.acct. 12,402,373' 642,407 4,782,116 661,569 1,003,777 490^876 41U.716 1,833,077 '382,338 215,148 448,523 379,381* 1,139,442 U.S.Treasurer-general acct. 213,769 15,733 41,122 11,912 661 '12,419 9;987 • 33,291 20,323 19,201 9,603 16,349 22,118 Foreign 948,823 23,110 lA9Q*l93 71,147 68,182 32,609' 25i'939 90,416 22,233 16/304 21,492 21,492 57,706 Other 341,762 3,143 1914,968 8,760 56,150 ^,403 3;02l 4,093 10,696 7*507 5,890 2,621 35,501 Total deposits 13,906', 727 684,443 5,516,399 753,397 l,*28,-770 554,307 453*663 1,960,877 436,090 258,160 485,508 420,346 1,254,767 Deferred availability items 926,581 30,497 178,919 55,1*68 • 103,919 86,994 43,508 146,612 51,152 25,2.15 53,730 38*917 61,650 Other liabilities including accrued dividends 6*980 569 945 3,063 387 360 237 440 141 143 259 193 243 TOTAL LIABILITIES 25,168,786 1,534,199 8,176,046 1,543,71*9 2,213,240 1,252,755 913,324 4,196,115 896,831 536,571 892,51*6 643,734 2,364,676 CAPITAL ACCOUNTS Capital paid in 145,230 9,439 53,479 11,773 14,345 5,836 5*152 15,997 4,512 3,065 4,692 4,447 11,993 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 1,007 3,244 713 1,1*29 530 1,000 1,137 1,263 2,121 0th<jr capital accounts 3,161. 50,941 2,668 14,367 3,363 4,989 2,114 2,489 8,817 2,105 2,664 2,181 2,023 TOLIL LIABILITIES jvND CAPITAL ACCOUNTS 25,549,2401,560,129 8,307,613 1,578,449 2,248,427 1,269,185 927,403 4,245,283 908,944 51*6,452 904,169 660,443 2,392,743 Commitments to make industrial advances 14,079 750- 351 1,465 626 1,215 142 332 1,013 — 2,107 — 6,073 F.R.notes outstanding 10,735,925 303,724 2,580,569 757,262 1,007,702 .636,725 443,223 2,126,636 433,322 258,418 365,300 208,223 1,114,731 collateral for F.R. notes held by F.R.Agents: Gold certificates 10,833,000 815,000 2,535,000 765,000 1,010,000 650,000 450,000 2,140,000 440,oco 260,000 370,000 214,000 1,134,000 Eligible paper 9,630 600- 8,295 310 30 45 350 MATURITY DISTRIBUTION OF BILLS 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 Bills discounted 13,351 ' 11,568 156 105 11,,552200 z Industrial advances 14,532 8,861 364 144 11,,333333 692 1,544 70 5 804 U.S. Government securities, direct and guaranteed 3,502,215 147,214 200,097 530,483 107,381 201,107 144,390 263,175 395,030 1,507,753 .1/ After deducting C449,644,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form P. R. 233a Released for publication Friday morning, September 11, 1942; not earlier STATEMENT FOR THE PRESS OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) Increase or decrease since Sept. 9, Sept. 2, Sept. 10, 19-U2 1942 1941 A S S E TS Gold certificates on hand and due from U. S. Treasury 20,561,127 - 998 + 226644,,009955 Redemption fund—F. R. notes 13,241 + 140 3,145 Other cash 215,074 -13,042 - 47,592 Total reserves 20,789,442 -13,900 + 213,358 Bills discounted: Secured by U.'S. Gov't obligations, direct and guaranteed 10,235 + 3.630 + 8,234 Other bills discounted 3,116 + 325 - 8,488 Total bills discounted 13,351 + 3,955 • 254 Industrial advances 14,532 - 1,826 + 4,831 U. S. Government securities, _direct and guaranteed: Bonds 1,672,553 + 8,550 308,753 Notes 730,105 + 2,000 - 90,195 Certificates 423,980 +83,007' 423,980 Bills 675,577 +20,324' 675,577 Total U. S. Government securities, direct and guaranteed 3,502,215 +113,881 + 1,318,115 Total bills and securities 3,530,098 +116,010 + 1,322,692 Due from foreign banks 47 -- — F. R. notes of other banks 32,805 4,314 - 6,106 Uncollected items 1,099,595 + 23,246 + 202,274 Bank promises 40,312 -- - 332 Other assets , 56,941 + 4,204 + 1,746 TOTAL ASSETS 25,549,240 +133,874 1,733,632 L I A B I L I T I ES F. R. notes in actual circulation 10,328,498 +127,275 + 3,198,558 Deposits: Member bank—-reserve account 12,402,373 - 15,247 - 755,962 U, S. Treasurer—general account 213,769 + 67,506 - 241,922 Foreign 948,823 - 11,929 - 195,002 Other 341,762. - 15,033 - 357,171 Total deposits 13,906,727 + 25,297 - 1,550,057 Deferred availability items 992266,,558811 - 22,070 + 7777 ,,oo44ii Other liabilities includihg accrued dividends 6,980 + 3,222 + 422 TOTAL LIABILITIES 25,168,786 +133,724 1,725,964 C A P I T AL A C C O U N TS Capital paid in 145,230 + 49 + 4,215 Surplus (Section 7) 157,502 -- + 437 Surplus (Scction 13b) 26,781 - 4 Other capital accounts 50,941 + 101 + 3,020 TOTAL LIABILITIES AND COITAL ACCOUNTS 25,549,240 +133,87!; 1,733,632 Ratio of total reserves to deposit and F. R. note liabilities combined 85.8^ .6% - 5-3% Commitments to make industrial advances 14,079 + 1,026 + 1,084 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 SEPTEMBER 9, 1942 (In thousands of .dollars) A S S E TS Total Boston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Kinn. Kans.Cy. Dallas San Fran. Gold certificates oil hand and due from U.S* Treasury 20,5.61,127 1,184,392 7,007,842 1,220,859 1,770,658 937,320 699,258 3,598,131 661,486 409,615 666,125 466,286 1,939,155 Redemption fund—P^R.notes 13,2Ul 2,224 1,135 343 1,356 1,365 324 1,304 560 73 660 620 3.277 Other cash 215,071+ 19,622 54,173 11,677 14,670 10,759 11,638 34,598 11,591 6,170 9,458 10,060 20,658 Total reserves 2 0 , 7 8 9^ 1,206,23* 7,063,150 1,232,879 1,786,684 949,444 711,220 3,634,033 673,637 415,858 676,243 476,966 1 ,963,090 Bills discounted: Secured by U»S,Gov*t obligations, direct ana guaranteed 10,235 600 7,770 310 50 30 — — 45 350 1,080 — Other bills discounted 3,116 1,588 24o 249 110 88 305 „ J5 55 72 144 190 Total bills*discounted 13.351 600 9,358 550 299 140 88 305 120 55 422 1,224 190 Industrial advances li+,532 472 621 5,226 623 82 9 814 197 14 440 1,115 138 4.043 U.S.Government securities y direct and .guaranteed: Bonds 1,672,553 119,057 466,122 124,515 156,235 100,999 72,296 213,441 83,101 45,049 74.024 64,709 153.005 Itfotes 730,105 51,970 203,471 54,352 68,203 44,091 31,558 93,171 36,274 19.664 32,314 28,248 66,789 Certificates 423,980 30,180 118,159 31,564 39,604 25,602 18,327 54,106 21,065 11,419 18,765 164+03 38,786 Bills 675,577 48,090 188,276 50,294 63,106 40,795 29,202 86,213 33,566 18,196 29,900 26,137- 61,802 Total US.Gov't securities, - # direct and guaranteed 3,502,215 . 249,297 976,028 260,725 327,148 211,487 151,383 446,931; 174,006 94,328 155,003 135.497 320,382 Total bills and securities 3,530,093 250,369 986,007 166,501 328,070 212,456 -152,285 447,433 L74,i4o . 94.823 156,540 136,859. 324,615 : Due from foreign banks 47 3 1/ 18 5 4 2 2 6 1 * 1 l 4 F.R. notes of other banks 32,805 756 IT,908 1,233 1,500 3,356 3,664 3,506' 2,984 1,372 3,639 1,546 4,336 Uncollected items 1,099,595 96,453 228,860 66,257 122,o45 97,438 55,988. 150,542 53,517- .31,530 62,466 41,395 92,604 Bank Premises * 40,312 2,740 10,360 4,823 4,364 3,068 1,950 2,940 2,124 1,319 ' 2,825 1,083 2,716 Other assets q6,94i . 3,570. . 14,310 6,746 5,76o . 3,421 2,294 6,823 2,541 1,550 2,455 2,093- 5,378 TOTAL ASSETS 25,549,240 1,560,129 8,307,613 1,578,449 2,248,427 1,269,185 927,403 4,245,283 908,944 546 ^52" 904,16'9 660,443 2,392,743 •Less than $500. 1/After deducting 329,000 participations of other Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis