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 13; of the Federal Reserve System not earlier. September 17, 19^2 CONDITION OF THS FEDERAL RESERVE B^KS During"the.week ended September 16 member bank reserve balances increased $358,000,000. Additions to member bank reserves arose from increases of $151*,000,000 in Reserve Bank credit, .$2,000,000 in gold stock and $3,000,000 in Treasury currency and decreases of $208,000,000 in Treasury deposits with Federal Reserve Banks and $1*3,000,000 in nonmembefr 'deposits and other Federal Reserve accounts, offs'et *in« part by an increase of $51,000,000 in money in circulation. : Excess reserves on September 16 were * estimated to-be approximately $3,01*0,000,000, an increase of $690,000,000 for the v/eek. V The principal change in holdings of bills and'securities was an increase of $71,000,000" in United States Government securities. Bonds increased $13,000,000 and certificates- $207,000,000 arid'notes "decreased $60,000,000 and bills $94,000,000. Changes in member bank reserve balances and related items during the v/eek and the year ended September 16, 1942, were as follows: Increase or decrease since Sept. 16, Sept. 9, Sept. 17, 1942 1942 1941 (In millions of dollars) Bills discounted 10 - 3 1 U. S. Government direct obligations 3,568 + 71 +1,539 U. S. Government guaranteed obligations 5 .Industrial advances (not including 14 million cqmmitments - September 16) 15 + 6 Other Reservs Bank credit 259 + : 36 + 1U7 Total Reserve Bank credit 3,357 + 154 +1,541 Gold stock 22,747 + 2 + 6 Treasury currency 5,346 + 3 + 153 Member bank reserve tralanco'B lf!,7o0 + 358- - 563 ivloney in circulation "13,440 + 51 +3,594 Treasury cash 2,206 + l - 202 Treasury, deposits with F, R. Banks 6 - 208 - 523 Nonmeiaber deposits arid other -F.R. accounts 1,533. - 43 - 591 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT 0F~ CONDITION OF I'tiE FEDtfKAL KisatiKVK UAHiU> • vn ouriMtnzn xo,• x^e (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. C],eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 10,392,123 773,228 2,493,695 737,014 983,574 620,240 417,575 2,102,930 412,633 255,640 354,083 100,152 1,053,359 Deposits: Member bank-reserve acct. 12,759,539 673,967 4,929,323 677.U10 1,048,520 514,613 413,710 1,844,363 387,545 219,912 459,323 389,008 1,196,837 U.S.Treasurer-general acct.- '6,381 39 782 214 622 530 • 220 896 513 590 545 146 1,276 Foreign 972,113 24,113 1/508,583 73,299 70,245 33,595 26,724 93,151 22,906 16,798 22,142 22,142 58,415 Other 267,0U3 3,588 ~ 109,866 8,729 53,989 11,468 2,646 8,470 10,539 8,408 7,742 2,244 40,354 Total deposits 14,005,076 706,707 5,547,554 759,652 1,173,376 560,206 443,316 1,946,880 421,503 245,708 489,752 4i3,54o 1,296,892 Deferred availability items 1,357,385 121,526 287,012 92,061 177,661 126,372 55,823 195,585 66,086 31,096 62,862 44,4=9 96,832 accrued dividends 4,173 583 1,103 268 372 335 213 386 120 130 222 212 229 TOTAL LIABILITIES" 25,758,757 1,602,044 8,329,364 1,588,995 2,334,983 1,307,153 916,927 4,245,781 900,342 532,574 906,919 546,373 2,447,302 CAPITAL ACCOUNTS Capital paid in 145,267 9,439 53,4?} 11,774 14,845 5,837 5,152 16,005 4,522 3,077 4,696 4,448 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 1,429 530 1,000 1,137 1,263 2,121 Other capital accounts 50,93? 2,647 14,417 3,366 4,992 2,128 2,491 8,828 2,077 2,663 2,156 2,026 3,178 TuTAL LIABILITIES ALT) CAPITAL ACCOUNTS 26,139,276 1,527,953 8,460,981 1,623,693 2,370,173 1,323,533 931,008 4,294,968 912,437 542,456 918,521 658,086 2,475,336 Commitments to make industrial advances 13,806 748 347 1,396 602 1,210 142 331 1,163 — 1,857 — 6,010 F.R.notes outstanding 10,861,964 • 911,928 2,608,721 764,458 1,019,674 645,807 449,086 2,147,185 443,949 261,635 369,089 212,416 1,128,018 Collateral for F.R* notes held by F.R.Agents: Gold certificates 11,036,000 824,-000 2,635,000 800,000 1,020,000 675,000 465,000 2,160,000 450,000 £65,000 370,000 218,000 1,154,000 Eligible paper 5,195 300 4,125 125 — 250 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 10,443 8,720 88 21 1,612 2 Industrial advances 14,835 8,964 348 142 l,6ifl" 773 1,156 1,021 790 U. S. Government securities, direct and guaranteed 3,572,951 327,259 153,357 497,324 74,579 210,437 145,885 205,.575 419,342 1,449,633 , other 1/ After deducting $462,724,000 participations of/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 TI3E RRESS OF THE TWELVE FEDERAL RESERVE BANKS" COMBINED (In thousand s of dollars) Increase or decrease since Sept. 16, Sept. 9, Sept. 17, 1942 1942 1941 A S S E TS Gold certificates on hand and due from U. S. Treasury 20,562,625 + 1,498 • 265,953 Redemption fund - F, R. notes 15>409 + 2,168 977 Other cash 226,168 + 11,094 - 40,897 Total reserves 20,804,202 + 14,760 + 223,719 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 7,875 - 2,360 + 6,265 Other bills discounted 2,5& 548 6,706 Total bills discounted 10,445 - 2,908 - 441 Industrial advances 14,835 + 303 + 5,939 U. S. Government securities, direct and guaranteed: Bonds 1,690,995 • 18,442 + 327,195 Notes 670,315 - 59,790 - 149,935 Certificates 630,756 +206,776 + 630,756 Bills 580,885 - 94,692 + 580,885 Total U. S, Government securities, direct and guaranteed 3,572,951 • 70,736 +1,388,851 Total bills and securities 3,598,229 + 68,131 +1,394,349 Due from foreign banks 47 -- F. R. notes of other banks 35,150 + 2,345 6,750 Uncollected items 1,616,080 +516,435 + 319,481 Bank promises 40,313 + l 349 Other assets 45,255 - 11,701* + 2,886 TOTAL ASSETS 26,139.276 +590,021* +1,933,336 L I A B I L I T I ES F. R. notes in actual circulation 1100,,339922,,112233 + 63,625 +3,244,667 Deposits j Member bank- reserve account 12,759,539 +357,166 - 568,387 U. S. Treasurer - general account 6,381 -207,383 - 327,381 Foreign 972,113 + 23,290 - 154,337 Other 267,043 - 74,630* - 442,139 Total deposits 14,005,076 + 98,430* -1,492,294 Deferrod availability items 1,357.335 +430,701* + 172,535 Other inabilities including accrued dividends 4,173 - 2,308* + 700 TOTAL Li.".3 JLITIES 25,753 , 757 +589,956* +1,92 5,.608 C A P I T AL A C C O U N TS Capital piid in 145,267 + 37 + 4,222 Surplu3 (Section 7) 157,502 — + 437 Surplus (oocuicn 13b) 26,781 — 4 Other capital accounts 50,969 + 28 + 3.073 TOTAL LIABILITIES jtfSD CAPITAL ACCOUNTS 26,139.276 +590,021* +1,933,336 Ratio of total reserves to deposit and F. R. note liabilities combined 85.3% - .5% - 5.^ Commitments to make industrial advances 13,006 273 + 2,319 *Sept, 9 figures 'revised. 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) ii S S E T S Total Boston New York Phila. Cleve, Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Son Fran. Gold certificates on hand and due from U.S, Treasury 20,562,625 1,195,680 7,008,81*1 1,250,225 1,815,877 939,161 688,986 3,559,325 645,198 397,195 669,522 451,663 1,962,952 Redemption fund-F.R.notes 15,409 2,179 1,751 1,263 1,291 1,988 286 1,236 544 366 647 611 3,247 Other cash 226,168 22,135 49,622 12,556 . 15,768 12,653 11,808 36,543 11,853 6,387 9,792 11,065 25,986 Total reserves 20,804,202 1,219,994 7,060,214 1,244,044 1,850,936 953,802 701,080 3,597,104 657,595 403,948 679,961 463,330 1,992,185 Bills discounted: Secured by U.S. Gov't obligations, direct and-guaranteed 7,875 300 4,125 125 50 250 1,000 45 — 350 1,605 25 Other bills discounted 2,568 — 1,062 240 230 110 88 305 75 55 72 141 I90 Total bills discounted 10,443 300 5,187 365 280 360 1,088 305 120 55 422 1,746 215 Industrial advances 14,835 446644 621 5,298 637 804 802 197" 14 452 1,365 138 4,043 U. S. Government securities, direct and guaranteed: 3onds 1,690,995 120,259 470,668 125,396 157,577 102,537 73,149 216,664 34,254 45,319 74,605 65,434 155,133 Notes 670,315 47,670 186,573 49,709 62,463 4o,643 28,997 85,888 33,399 17,965 29,574 25,939 61,495 Certificates 690,756 44,857 175,564 46,773 58,777 39,247 27,286 80,817 31,423 16,004 27,329 24,408 57,866 Bills 580,885 41,160 161,092 42,918. 53,933 35,095 25,036 74,256 23,837 15,511 25,555 22,396 55,m6 Total U.S. Gov't securities, direct and guaranteed 3,572,951 253,946 993,897 264,796 332,750 216,522 154,468 457,625 177,918 95,699 157,563 138,177 329,590 Total bills and securiti3s 3,593,229 254,710 999,705 270,459 333,667 217,66$ 156,358 458,127 178,052 96,206 159,350 140,061 333,340 Due from foreign banks 47' 3 l/ 18 5 . 4 2 2 6 1 * 1 1 4 F.R.notes of other banks 35,150 1,160 IT, 962 1,464 1,883 3,955 3,301 3,918 3,518 1,255 3,149 1,271 5,314 Uncollected' items 1,616,080 146,467 373,071 99,646 19^,377 142,212 66,411 227,176 69,072 38,414 71,201 50,530 136,703 Bank premises 40,313 2,74o 10,360 4,023 4,334 3,069 1,950 2,940 2,124 1,319 2,825 1,083 2,716 Other assets 45,255 2,879 11,851 3,258 4,942 2,872 1,906 5,697 2,075 1,324 2,034 1/801. 4,616 f . .... ToT^L ASSETS 26,139,276 1,627,953 8,1160,901 1,^3, ^; 2,370,173 1,323,590 931,008 li,2914,968 912,^37 %2,k$& 910,52 1 650/086 2,k75,336 •Less than $500. " l/ After deducting $29,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis