H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F, R. 203 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, October 16; of the Federal Reserve System not earlier, October 15, 19^2 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October l!+ member bank reserve balances increased $502,000,000, Additions to member bank reserves arose from decreases of $270,000,000 in Treasury deposits with Federal Reserve Banks, $63,000,000 in nonmember deposits and other Federal Reserve accounts, and $7,000,000 in Treasury cash and increases of $258,000,000 in Reserve Bank credit, $3,000, D00 in Treasury currency and $2,000,000 in jold stock, offset in part by an increase of $102,000,000 in money in circulation. Excess? reserves on October llj. were estimated to be approximately $2,710,000,000, an increase of $1|20,000,000 for the week. The principal change in holdings of bills and securities was an increase of $217,000,000 in United States Government securities. Bonds increased $150,000,000, notes $89,000,000 and certificates $30,000,000, while bills decreased $32,000,000, Changes in member bank reserve balances and related items during the week and the year ended October II4, I9I4.2, were as follows: Increase or decrease since Oct. lit, Oct. 7, Oct. 15 ' 1942 1942 i§4i (In millions of dollars) Bills discounted. 11 + 3 + 3 U. S. Government direct obligations 3,80li +217 +1,625 U. S. Government guaranteed obligations 5 — Industrial advances (not including 10 million commitments - October 14) 16 + 1 + 7 Other Reserve Bank credit 206 + 37 + clj Total Reserve Bank credit 4,042 +258 +1,729 Gold stock 22,756 + 2 - 20 Treasury currency 3,359 + 3 + 152 Member bank reserve balances 12,303 +502 -1,018 Money in circulation 13,932 + 102 + 3,S49 Treasury cash 2,228 - 7 + 6 Treasury deposits with F. R. Banks 123 -270 - 136 Nonmember deposits and other F.R. accounts . 1,574 - 63 - 638 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forr.i F. R. 74Ja STATEMENT OF CONDITION OF THE r'SDERaL RESERVE BANKS ON OCTOBER li*. 1942 (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. Kans.Cy. Dallas Sah Fran. F. R. notes in*actual circulation 10,909,602 800,804 2,564,232 764,823 1,023,410 636,233 457,512 2,185,104 451,920 267,330 376,420 211,687 1,119,514 Deposits: Member bank-reserve acct. 12,302,610 661,755 4,523,300 664,155 1,028,464 522,676 413,005 1,764,324 414,354 233,609 473,173 404,244 1,183,966 U.S.Treasurer-general acct. 122,980 5,271 39,524 604 10,934 14,718 * 5,no 14,664 10,714 11,557 2,254 6,493 932 Foreign 946,951 25,361 1/194,013 71,304 68,333 32,631 25,996 90,615 22,232 16,340 21,540 21,540 56,946 Other _ _33_5,3_-61_ _ __3,2 55 163,730 12,313 55,366. 10,065 7,030 5,713 13,733 10,265 4,231 3,679 45,874 Total deposits 13,703,402 695,642 5,225,617 7437876 1,163,099 4517221"T",TO;a2T~46r,T33"276777ir306,?03 "43579ST r,2377715 Deferred availability items 1,468,135 125,631 326,209 89,742 183,181 127,350 50,130 243,031 62,511 28,791 64,467 59,828 106,764 Other liabilities including accrued dividends 5,945 575 1,292 1,036 512 451 279 613 203 171 290 209 3P9 TOT.iL LIABILITIES 26,092,084 1,622,652 8,117,400 1,604,477" 2,370,202 1,394,729 059,142 4,304,774 975/767 573,571 947,330 707,685 2,51^,305 CAPITAL ACCOUNTS Capital paid in 145,306 9,440 53,490 11,757 14,844 5,339 5,152 16,024 4,530 3,077 4,700 4,454 11,999 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) 26,731 2,374 7; 070 4,393 1,007 3,244 713 1,429 530 1,000 1,137 1,263 2,121 Other capital accounts 51,205 2,667 14,557 3,339 4,936 2,120 2,503 2 -3,363 2,099 ,66l 2,140 2,-039 3,176 TOTAL LIABILITIES «ND CAPITAL xiCCOUNTS 26,472,873 1,648,532 3,249,168 1,639,187 2,405,335 1,411,163 973,240 4,354,015 937,392 533,461 958,970 719,417 2,542,393 Commitments to make industrial advances 10,275 113 347 1,453 514 1,197 135 126 1,279 — 667 4,444 F. R. notes outstanding 11,374,067 349,932 2,667,175 790,260 1,057,040 714,503 493,330 2,227,745 479,353 272,939 383,136 235,301 1,193,293 Collateral for F.R.notes hold by F.R.Agents: Gold certificates li,543,ooo 863,000' 2,680,000 800,000 1,060,000 750,000 510,000 2,260,000 490,030 275,000 390,000 241,310 1,224,00: Eligible paper 3,615' 3,260 300 10 — — 45 MATURITY DISTRIBUTION OF BILLS AMD 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 year 5 years Bills discounted 10,714 5,530" 225 1,550 2,545 864 Industrial advances 16,015 '.8,972 319 285 2,753 346 1,123 999 718 U.S.Government securities, direct and fmuranteed 3,809,324 . 107,741 418,810 93,377 157,332 249,062 272,355 295,575 624,034 ; 1,591,038 l/ After deducting $452,012,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forr.i F. R. 23Ja 'Eeleased for publication Friday morning, October 16, 1942; not earlier. STATEMENT OF CONDITION OF THE TTVELVE FEDER.IL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Oct. 14, Oct. 7, Oct. 15, 1942 1942 1941 A S S E TS Gold certificates on hand and and due from U. S» Treasury 20,567,128 + 5,501 + 42,096 Redemption fund - F. R. notes 17,466 + 5,333 + 3,313 Other cash 243,190 + 6,7^9 7,303 Total reserves 20,327,734 + 13,153 + 33,101 Bills discounted': Secured by U. S, Gov't obligations, direct and guaranteed 5,350 + 1,900 + 4,363 Other bills discounted 4,064 855 1,411 Total bills discounted 10,714 + 2,755 + 2,952 Industrial advances 16,015 + 696 + 6,742 U. S. Government securities, direct and guaranteed:' Bonds 1,364,175 +130,455 . + 500,375 Notes 343,672 + 89,311 + 23,372 Certificates 601,676 + 29,650 + 601,676 Bills 499,301 - 32,064 + 499,801 Total U. S. Government securities, direct and guaranteed 3,309,324 +217,352 - +1,625,224 Total bills and securities 3,836,053 +220,303 +1,634,918 Due from foreign banks 47 -- — F. R.notes of other banks 33,343 + 3,069 1,831 Uncollected items 1,674,192 +548,125 + 240,593 Bank premises 40,229 1 - 611 ; Other assets 55,730 + 5,51*8 + 11,612 TOTAL ASSETS 26,472,373 +795,702 +1,922,732 L I A B I L I T I ES F. R. notes in actual circulation 10,909,602 +111,434 +3,558,751 Deposits: Member bank-reserve account 12,302,610 +501,706 -1,013,730 U.S.Treasurer-general account 122,980 -270,429 - 135,834 Foreign 946,951 + 19,011 - 241,303 Other 335,361 - 78,036 - 396,047 Total deposits 13,708,402 +172,252 -1,791,969 Deferred availability items 1,463,135 +510,724 + 146,259 Oth^r liabilities including accrued dividends 5,945" + 1,176 + 1,759 TOTAL LIABILITIES 26,092,034 +795,536 +1,914,800 C A P I T AL A C C O U N TS Capital paid -in 145,306 + 16 + h,133 Surplus (Section 7) 157,502 — + 437. Surplus (Section 13b) 26,761 — 4 Other capital accounts 51,205 + ioo + 3,416 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 26,472,378 +795,702 +1,922,732 Ratio of total reserves to deposit and F. R. note liabilities combined 34.6% - .9^ - 6.4% Commitments to make industrial advances 10,275 - 1,002* - 3,305 *Oct. 7 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) A S S E TS Total Boston New York Phi la. ; Cleve. Rich. Atlanta Chicago St,Louis Mnn. Kahs.Cy. Dallas San . Fran. Gold certificates on hand and due from USTreasury 20,567,128 1,195,759 6,785,589 h, 252,180 1,329,503 993,068 715,485 3,544,101 711,179 435,944 607,664 406,750 1,949,826 Redemption f # u # nd -F.R.notes 17,1*66 % 1,377 1,641 881 961 1,952 565 835 432 307 549 531 6,935 Other cash 2^3,190 21*,li35 48,009. 10,632 17,665 14,453 16,076 34,433 14,037 7,607 9,981 13,036 32,826 Total reserves 20,827,781* 1,222,071 6,835,239 1,21*3,693 1,848,209 1,009,473 732,126 3,579,369 725,648 443,858 <£8,194 500,317 1,989,587 Bills discounted: f Secured Dy U. S. Govt obligations, direct and guaranteed 5,850 3,260 300 50 10 2,000 45 — 185 — Other bills discounted — §,125 480 368 176 175 610 . 150 110 145 145 380 Total bills discounted 10,711* —— 5,385 780 418 186 2,175 610 195 110 145 330 380 Industrial advances 16,015 46o 621 5,288 721 777 812 175 62 370 2,555 134 4,o4o U. S*. Government securities, direct and guaranteed: Bonds 1,861*, 175 138,464 492,517 141,876 165,494 124,583 86,246 232,269 88,147 48,526 85,862 74,528 185,663 Notes 8143,672 62,664 222,898 64,210 . 74,899 • 56,383 39,031 105,116 39,895 21,964 38,860 33,728 84,024 Certificates 601,676 44,6>o 158,963 45,792 53,414 40,210 27,837 74,967 28,450 15,662 27,713 24,054 59,924 Bills 1*99,801 33,088 120,532 30,588 35,194 30,569 20,047 98,902 22,265 10,154 20,017 15,595 62,850 1 Total U. S. Govt securities, direct and guaranteed 3,809,321* 278,906 994,°10 282,466 329,001 251,745 I73,l6l_ 511,254 178,757 96,306 172,452 147,905 392,461 Total bills and securities 3,836,053 279,366 1,000,916 288,534 330,140 252,708 176,148 512,039 179,014 96,786 175,152 148,369 396,881 Due from foreign banks hi 3 1/ 18 5 4 2 2 6 1 * 1 1 4 F.R. notes of other banks 38,81*3 818 "4,366 1,288 2,083 6,596 2,621 4,355 3,772 11.633 4,365 1,340 5,606 Uncollected items 1,671*,192 139,806 384,218 96,118 215,038 135,577 57,988 243,672 74,845 38,327 75,802 66,087 141,714 Bank premises I*o, 229 2,736 10,342 4,812 4,354 : - 3,062 i,°46 2/934 2,122 1,317 2,819 1,075 2,710 0ths,r assets 55,730 3,782 14,069 4,737 5,557 3,750 2,409 6,64o 2,490 1,540 2,637 2,228 5,891 fOLxL ASSETS 26,472,370 1,648,582 8,249,168 1,639,187 2,405,385 1,411,168 973,240 4,354,015 987,892 583,461 958,970 719,417 2,542,595 •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