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, October 9; of the Federal Reserve System not earlier* October 8, 191+2 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 7 member bank reserve balances increased $209,000,000# Additions to member bank reserves arose from decreases of $268,000^.000 in Treasury deposits with Federal Reserve Banks and $66,000,000 in nonmember deposits and other Federal Reserve accounts and increases of $10,000,000 in Reserve Bank credit and $2,000,000 each in gold stock and Treasury currency, offset in part by increases of $122,000,000„in money in circulation and $17,000,000 in Treasury cash. Excess reserves on October 7 were estimated to be approximately $2,290,000,00.0,. an increase of $600,000,000 Jor the week. The principal change in holdings of bills and securities was an increase of $25,000,000 in United States Government securities. Bonds increased $17,000,000, notes $6U,000,000 arid certificates $68,000,000, while bills decreased $12^,000,000. Changes in member bank reserve balances and related items during the week and the year ended October 7, 19i|2, were as followsx Increase or decrease since Oct. 7, Sept. 30, Oct. 8, 19U2 19^2 19U1 (In millions of dollars) Bills discounted 8 3 U. S.Government direct Obligations 3,587 + 25 +l,i|08 U. S. Government guaranteed obligations 5 Industrial advances (not including 11 million commitments - October 7). 15 + 6 Other Reserve Bank credit 169 - 15 + 108 Total Reserve Bank erodit .3,734 + 10 +1,519 Gold stock 22,756 + 2 - 16 Treasury currency 3,356 + 2 + 153 i&ember bank reserve balances 11,801 +209 -1,489 Money in circulation 13,830 +122 +3,593 Treasury cash 2,235 + 17 6 Treasury deposits with F. R.Banks 393 -268 + 89 Nonmember deposits and other F.R. accounts 1,637 - 66 - 531 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 7, 1942 (In thousands of dollars) L I A B I L IT I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual circulation 10,790,168 791,770 2,544,719 757,926 1,011,711 677,062 454,783 2,165,475 443,025 265,531 372,761 209,061 1,103,531 Deposits: L'lember bank-reserve acct. 11,000,904 618,542 4,420,646 624,190 971,424 402,743 412,200 1,700,143 412,745 237,297 444,694 331,997 1,094,275 U.S.Treasurer-general acct. 393,4-09 30,130 101,826 10,683 30,755 15,084 18,065 66,562 22,759 28,002 16,179 11,918 33,431 Foreign 927,940 23,874 1/491,027 60,000 66,018 31,574 25,115 07,545 21,527 15,787 20,010 20,310 54,965 Other 413,897 3,300 267,713 8,099 56,178 9,717 3,088 2,558 12,839 7,529 2,317 3,363 37,196 Total deposits 13,536,150 675,346 5,281,212 719,873 1,124,375 539,118 458,468 1,856,808 469,880 288,615 484,000 418,088 1,219,867 Deferred availability items 957,411 94,3?6 194,134 59,977 112,908 85,837 39,794 i4o,4l5 51,070 23,963 51,483 4o„575 62,859 Other liabilities including accrued dividends 4,769 574 1,123 329 434 379 259 526 208 151 302 189 295 TOTAL LIABILITIES 25,296,498 1,562,594 3,021,188 1,538,105 2,249,428 1,302,396 953,309 h} 578,260 908,546 667,913 2,386',552 CAPITAL ACCOUNTS Capital paid in 145,290 9,440 53,490 11,756 14,845 5,839 5,152 16,019 4,531 3,077 4,699 4,446 11,996 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 -.accounta 51,105 2,658 14,502 3,379 4,981 2,113 2,500 8,847 2,06? 2;66o 2,192 2,032 3,172 TOTaL LIABILITIES AND CAPITAL ACCOUNTS 25,677,176 1^588,515 3,152,901 1,572,804 2,234,607 1,318,828 967,399 4,212,444 977,079 588,149 920,187 679,630 2,414,633 Commitments to make industrial advances 11,077 113 347 1,601 545 1,200 142 281 1,279 — 1,087 — 4,482 F. R. notes outstanding 11,267,079 837,633 2,654,711 784,331 1,045,898 701,630 492,569 2,211,156 47l,o4o 271,024 386,329 231,135 1,179,123 Collateral for F.R.notes held by F.R.Agents: Gold certificates 11,429,500 049,000 2,680,000 800,000 1,050,000 725,000 510,000 2,230,000 430,000 275,000 390,000 236,500 1,204,000 Eligible paper 3,715 3,610 50 45 10 MATURITY DISTRIBUTION OF BILLS ^ND 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 QQ days 6 months to 1 yoar years years 5 years Bills discounted 7,959 3,764 136 1,559 2,500 Industrial advances 15,319 8,869 362 295 2,127 819 1,117 1,006 724 U.S. Government securities, direct and guaranteed 3,591,675 99,487 466,982 69,911 105,208. 220,717 338,489 295,575 519,727 1,475,579 l/ After deducting $436,402,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. B. 23Ja .Released for publication Friday morning, October 9, 19)42$ not earlier STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Oct. 7, Sept. 30, Oct. 8, 1942 1942 1941 A S S E T S Gold certificates on hand and due from U. S. Treasury- 20,561,627 1 + 60,597 Redemption fund - F. R. notes 11,573 - 2,754 2,432 Other cash 236,421 + 3,947 6,970 Total reserves 20,809,626 + 1,192 + 51,195 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 3,950 + 264 + 2,359 Other bills discounted 4,009 9 5,371 Total Mils discounted 7,959 + 255 3,012 Industrial advances 15,319 + 89 + 6,232 U. S. Government securities, direct and guaranteed: Bonds 1,733,720 + 16,985 + 369,920 Notes 754,361 + 64,446 - 65,939 Certificates 572,026 + 68,181 + 572,026 Bills • 531,865 -124,931 + 531,865 Total U. S.Government securities, dir.ct and guaranteed 3,501,972 + 24,681 +1,407,372 Total bills and securities 3,615,250 + 25,025 +1,411,092 Due from foreign banks 47 «• — F. R. notes of othjr banks 35,774 + 4,275 2,943 Uncollected items 1,126,067 -108,332 + 229,337 Bank premises 40,230 6 . 524 Other assets 50,132 + 866 + 5,238 TOT.iL ASSETS 25,677,176 - 76,980 +1,693,395 L I A B I L I T I ES F. R. notes in actual circulation 10,793,168 +139,356 +3,498,663 Deposits; Member bank-reserve account 11,800,004 +208,687 -1,439,544 U.3.Treasurer-general account 393,409 -267,326 + 89,336 Foreign '927,040 -.18,794 - 237,224 Othc.r 413,397 - 46,558 - 297,504 Total deposits 13,536,150 -123,991 -1,934,836 Deferred availability items 957,411 - 93,139 + 121,311 Other liabilities including accrued dividends 4,769 + 326 + 462 T0T.iL LLiBILITIES 25,296,49s - 76,948 +1,685,550 C P I I L A C C O U N TS Capital paid in 145,290 + 6 + 4,135 Surplus (Section 7) 157,502 -- + 437 Surplus (Section ljb) 26,781 4 Other capital accounts 51,105 38 + 3,277 TOTaL LL>3ILITIES AND CAPITAL ACCOUNTS 25,677,176 - 76,980 +1,693,395 Ratio of total reserves to deposit and F.R. note liabilities combined .1% 35.^ 5.7% Commitments to make industrial advances 11,077 - 1,110 2, 596 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form ?. A. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS ON AUGUST 12, • 1942 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S.Treasury 20,561,627 1,184,787 6,888,385 1,212,769 1,821,944 956,461 753,992 3,508,342 717,549 457,604 680,833 473,064 1,925,397 Redemption fund-F.R.notes 11,578 1,962 1,007 1,002 1,074 1,485 134 984 470 328 583 551 1,998 J Other cash 236,421 23,312 46,784 11,896 18,244 13,071 12,934 34,665 14,519 7,390 10,081 12,182 31,343 Total reserves 20,809,626 l,2io,o6l 6,936,176 1,225,667 1,841,262 971,017 747,060 3,543,991 732.538 465,322 691,497 485,797 1,959,238 Bills discounted: direct and guaranteed 3,950 -- 3,610 50 50 — — — 45 10 — 185 Other bills discounted 4,009 — . 1,700 384 368 176 140 488 120 38 125 116 330044 Total bills discounted 7,959 — 5,310 434 418 176 140 488 165 98 125 301 304 Industrial advances 15,319 46o 621 5,223 693 778 821 170 62 382 1,935 134 4,040 U. 3 Government securities, # direct and guaranteed? Bonds 1,733,720 128,931 455,265 131,241 152,668 117,393 80,668 217,256 32,135 44,612 79;635 6699..448866 117744,,443300 Notes . 754,361 56,098 198,091 57,104 66,420 51,031 35,101 94,532 35,733 19.410 34,649 30,233 75,095 Certificates 572,026 42,540 150,211 43,302 50,371 38,733 26,616 71,682 27,100 14,719 26,275 22,926 57,551 Bills 531,865 34,010 141,013 31,6?6 36,704 32,251 :13,365 •114,353 32,593 10,433 19,536 16,250 42,793 Total U. b. Gov't securities, direct and guaranteed 3,591,972 ' 261,587 ' 945,380 263,343 306,172 239,458 161*250 490,320 177,571 39,174 160,145 130,095. 335500,,666699 Total bills and securities 3,615,250 262,047 951,311 269,000 307,283 240,412 162,211 '490,986 177,798 89,654 162,205 139,330 355.013 Due from foreign banks 47 3 1/10 • 5 • 4 2 2 6 1 * 1 1' 4 F. F. notes of other banks 35,774 970 3,903 1,736 1,393 '4,632 4,247 4,606 2,736 1,301 3,163 . 1,116' 5,223 Uncollected items 1,126,067 109,265 233,502 67,327 124,607 96,I69 49,719 155,059 59,562 29,073 56,112 50,294 86,990 Bank premises 40,230 2,736 10,342 4,012 4,354 3,062 1,^47 2,934 2,122 1,317 2,819 1,075 2,710 Other assots 50,182 3,425 12^ 649 3,707 5,119 3,484 2,213 6,062 2,272 l,4o2 2,305 2-, 017 5.447 TOTAL ASSETS 25,677,176 1,538,515 8,152,901 1,572,804 2,234,607-1,318,823 967,399 4,212,-444 777,079 533,149 920,137 679,630 2,414,633 *Less than $500. l/ After deducting $29,0~X3 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis