H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATE!-.ENT FOR TJ2 x^RESS Released for publication Board of Governors Friday morning, October 23; of the Federal Reserve System not earlier. October 22, iqlfi CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 21 member bank reserve balances increased $1,000,000* Additions to member bank reserves aroso from increases of ^52,000,000 in Reserve Bank credit and $1^,000,000 in Treasury currency, and a decrease of $30,000,000 in nonmember deposits and other Federal Reserve accounts, offset by increases of $398,000,000 in Trjasury deposits with Federal Reserve Banks, ^>63,000,300 in money in circulation and $10,000,000 in Treasury cash, and a decrease of $13,000,000 in gold stock. Excess reserves of member banks on October 21 were estimated to be approximately $2,350,000,000, a decrease of $360,000,000 for the week. .The principal change in holdings of bills and securities was an increase of $ijl6,000,000 in United States Government securities. Bonds increased $135,000,000, notes $221,000,000, and certificates $2^,000,000, while bills decreased $1^,000,000. Changes in member bank reserve balances and related items during the week and the year ended October 21, 19*42, were as follows: Increase or decrease since Oct. 21, Oct* lit, Oct. 22, 19U2 19U2 19U1 (In millions of dollars) Bills discounted 7 - k +3 U. S. Government direct obligations h/dOQ +boh +2,029 U. S, Government guaranteed obligations 17 + 12 + 12 Industrial advances (not including 11 million commitments - October 21) 1$ - 1 +5 Other Reserve Bank credit 2I16 + liO + 153 Total Reserve Bank credit h,h9k +U52 +2,203 Gold stock 22/715 - 13 - hi Treasury currency 3,363 + h + 11*9 Member bank reserve balances 12,30U +1 - hh5 + Lionoy in circulation 13*995 63 +3,717 Treasury cash 2,233 + 10 + h3 Treasury deposits with F. R. Banks 521 +398 - h5& Nonmember deposits and other F. R. accounts l*5lili - 30 - .5I48 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 21, 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 San Fran. F. R. note's in actual circulation * 10,908,892 803,960 2,571,9H 770,405 1,031,634 698,512 462,668 2,200,006 460,957 271,252 379,637 212,567 1,125,383 Deposits: Member bank-reserve acct. 12,304,406 632,282 4,732,941 615,555 961,322 472,112 411.484 1,786.669 399.517 227,039 444,300 406,331 1,164,854 U.S.Treasurer-general.acct. 520,655 23,820 175,366 41,273 59,895 22,936 24,338 41,222 22,585 23,576 26,842 19,191 39,611 Foreign 932,318 23,620 490,176 69,706 66,870 31,905 25,443 83,68? 21,308 15,^93 21,08 1 21,031 55.780 Other 321,915 3,925 161,311 9,301 59,011 10,029 2,514 4,158 10,550 3,735 7,635 4,265 40,351 Total deposits 14,079,294 733.647 5,559,794 735,995 1,147,106 537,062 463,779 1,920,736 454,460 275,393 499,053 450,363 1,300,596 Deferred availability items 1,155,231 105,210 245,950 71,154 137,728 93,929 51,778 130,421 56,328 27,999 56,770 47,535 74,929 Other liabilities including accrued dividends 5,314 618 1,263 346 462 405 273 516 219 163 364 365 320 TOTAL LIABILITIES 26,228,731 1,643.435 8,378,918 1,577,900 2,316,930 1,334,908 978,493 4,301,679 972,464 574,807 936,629 711,335 2,501,228 CAPITAL ACCOUNTS Capital paid in 145,339 9.440 53,492 11,757 14,844 5,839 5.152 16,035 4,530 3,077 4,703 4,455 12,015 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 2,874 7,070 4,393 1,007 3,244 713 1,429 530 1,000 1,137 1,263 2,121 Other capital accounts 51,501 2,630 14,634 3,409 5.007 2,154 2,518 8,909 2,093 2,664 2,156 2,051 3,221 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 26,609,854 1,669,378 3,510,765 1,612,630 2,352,134 1,351,381 992,606 4,350,977 934.530 504,700 943,233 723,000 2,529,377 Commitments to make industrial advances 10,567 112 347 1,494 500 1,192 135 126 1,179 ~ 1,191 4,233 F. R. notes outstanding 11,470,614 350,562 2,678,300 795.500 1,066,462 727,220 500,545-2,251,284 488,972 276,386 390,082 236,757 1,207,236 Collateral for F.R.notes held by F.R.Agents: Gold certificates 11,617,000 063,000 2,700,000 .800,000 1,070,000 .;738,000 510,000 2,290,000 500,000 230,000 400,0001242,000 1,224,000 Eligible paper 2,165 1,510 600 — 10 — — 45 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 7.406 2,3H 50 1,499 3,546 Industrial advances 15,354 8,924 352 311 2,241 ' 7©4 1,106 1,016 700 U. S. Government securities, direct and guaranteed 4,224,8l£ 470,086 41,390 110,092 131,303 267,756 286,370 295,575 856,232 1,764,657 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fcrm F. R. 283a Released for publication Friday morning, October 23,1942; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE B.WKS COMBINED (In thousands of dollars) Increase or decreases since Oct. 21, Oct. 14, Oct. 22, 191*2 1942 1941 - A S S E TS Gold certificates on hand and due from U. S. Treasury- '20,557,128 - 10,000 2,901 Redemption fund - F. R. notes 15,662 - 1,304 + 2,373 Other cash 251,504 + 0,314 - 16,029 Total reserves 20,324,294 - 3,490 - 16,557 Bills discounted: Secured by U, S. Gov't obligations, direct-ana guaranteed 2,406 - 3,444 + 1,055 Other bills discounted 5,000 + 136 + 2,806 Total bills discounted 7,406 - 3,308 + 3,861 Industrial advances 15,354 661 + 5,734' U S« Government securities, # direct and guaranteed: Bonds 2,046,773 +134,5°8 + 641,973 Kotes 1,064,941 +221,269 • + 207,641 Certificates 625,307 + 23,711 + 625,307 Bills 485,715 - 14,056 + 405,715 Total U, S. Government'securities, direct and guaranteed 4,224,316 +415,492 +2,040,716 Total bills and securities 4,247,576 +4n,523 +2,050,361 Due from foreign banks 47 -- F R. notes of other banks 39,6o2 + 759 + 1,331 # Uncollected items 1,401,107 -273,005• + .329,126 Bank premises 40,219 10 764 Other assets 56,929 + 1,199 + 12,512 TOIAL ASSETS 26,609,^54 +136,976 +2,376,009 L I A B I L I T I ES F R, notes in actual circulation 10,988,892 + 79,290 +3,636,845 # Deposits: Member bank-reserve account 12,304,406 + 1,796 - 444,181 U.S.Treasurer-general account 520,655 +397,675 - 456,523 Foreign 932,313 - 14,633 - 208,187 Other" 321,915 - 13,946 - 337,490 Total deposits • 14,079,294 +370,892 -1,446,331 Deferred availability items 1,155,231 -312,904 + 176,490 Other liabilities including accrucd dividends . 5,314 631 . + .926 TOTxiL LIABILITIES 26,2^8,731 +136,647 +2,367,380 C A P I T AL A C C O U N TS Capital paid in 145,339 + 33 + 4,091 Surplus (Section 7) 157,502 — + '437 Surplus (Section ljb) 26,701 — 4 Other capital accounts 51,501 + 296 + -3,605 TOTnL LIABILITIES AND CAPITAL ACCOUNTS 26,609,854 +136,976 +2,376,-009 Ratio of totul reserves to deposit and F R, note liabilities combined 83.1*> \.3> - 8.c$ # - Commitments to trialce industrial advances 10,567 + 292 3,007 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» Kans.Cy. Dallas San Fran, Gold certificates on hand and due from USTreasury 20,557,125 1*196,013 7,007,11*3 1,184,307 1,734,600 930,314 711,476 3,551,619 698,994 427,961 663,279 430,512 1,920,910 # # Redemption fund -F*R.notes 15,662 1,797 977 775 384 1,402 497 743 404 297 530 510 6,846 Other cash 251,5011 25,1*80 52,214 11,491 20,252 14,439 16,027 33,219 13,489 7,199 10,566 12,25:1 34,897 Total reserves 20,824,294 1,223,290 7,060,334 1,196,573 1,805,736 946,155 723,000 3,585,531 712,887 435,457 674,375 493,25-3 1,9^,653 Bills discounted: . Secured by U S Gov* t obligations, # # direct and guaranteed 2,^06 1,510 600 50 10 — — 45 — — 191 — Other bills discounted 5,000 — 2,125 480 46o 220 175 610 150 110 145 145 .380 Total bills discounted 7,4o6 — 3,635 1,080 510 230 175 6.10 195 110 145 336 380 Industrial advances 15,351* 449 621 5,240 703 774 814 176 62 369 1,974 134 4,038 S. Government securities, direct and guaranteed: Bonds 2,01*8,773 151,883 546,408 157,227 184,170 134,109 93,942 252,982 96,594 54,289 94,770 81,589 200,810 Notes l,06L*, 9U1 73,951 284,021 81,724 95,729 69,707 43,332 131,500 50,208 28,218 49,262 42,407 104,382 Certificates 625,387 46,362 166,791 47,993 56,218 40,937 28,676 77,223 29,435 16,571 23,929 24,905 61,297 Bills 485,715 29,906 107,989 31,661 35,505 27,854 20,110 101,071 25,991 10,466 20,620 15,729 58,313 Total U.S. Gov't securities, direct and guaranteed 4,224,816 307,102 1,105,209 318,605 371,622 272,607 191,560 562,776 202,278 109,544 193,581 164,630 425,302 Total bills ar.d securities 4,247,576 307,-55l 1,109,465 324,925. 372,835 273,611 192,549 563,562 202,535 110,023 195,700 165,100 429,720 Due from foreign banks 47 3 1/ 18 5 4 2 2 6 1 * 1 1 4 F. R.notes of other banks 39,602 1,030 7,443 1,805 2,535 7,575 3,604 3,313 4,167 1,419 4,262 1,168 4,776 Uncollected items . 1,401,187 130,921 312,608 80,234 160,869 117,184 63,974 183,235 60,315 34,336 68,367 60,143 123,501 Bank premises 40,219 2,736 10,342 4,812 4,345 3,062 1,946 ' 2,934 •2,121 1,317 . 2,819 1,075 2,710 Other assets 56,92[q 3,847 14,550 4,276' 5,810 3,792 2,531 6,846 2,562 1,643 2,714 2,340 6,013 TOTAL ASSETS 26,609,854 L,66Q,378 8,510,765 1,612,630 2,352,134 1,351,381 992,606 4,350,977 934,588 584,700 948,238 723,080 2,529,377 •Loss 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