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 30; of the Federal Reserve System not earlier. October 29, 1Q]|2 CONDITION OF TIE FEDERAL RESERVE BANKS During the week ended October 28 member bank reserve balances decreased $53,000,000. .Reductions i member bank/reserves arose from increases- of n $190,000,000 in nonmember deposit.s and-other Federal Reserve accounts, $87*000,000 in money in circulation, and $11,000,000 in Treasury cash, and from a decrease of $6,000,000 in gold stock, offset in part by a decrease of $11*9,000,000 in Treasury deposits with Federal Reserve Banks and increases of $8U#000,000 in Reserve Bank credit &nd $3*000,000 in Treasury currency* Excess reserves of member banks on October 28 were estimated to be approximately $2,160,000,000, a decrease of $190,000,000 for the WwOk. • The principal change in holdings of bills and securities was. an increase of $2l6.,000,000, in United .States government securities. Bonds increased $67,000,000, notes $123,000,000, and certificates $$5,000,000, whild bills decreased $2-0,000,000. -Changes in member bank reserve balances and related items during the week and the year ended October 28, I9i|£, were as follows* Increase or decrease since .Oct,. 23,. Pet. 21, Oct. 29 1?1.2 lqlp* 19^1 (In millions of dollars) Bills discounted 9 + 2 + U. S Government direct obligations hsb^k +216 +2,2i(.5 # U, S Government guaranteed "obligations 17 * + 12 # Industrial advances(not including 12 million commitments - October 28) * " ' lit ' - 1 + h Other Reserve Bank credit 113 •133 • 62 Total Reserve Bank credit Qk +2,328 U.57B Gold stock 22,730 6 c7 Treasury currency 3,366 3 Ihl Member bank reserve balances 12,246 - 58 - 366 Money in circulation 14,082 + 87 +3,775 Treasury cash 2,249 + 11 + 4o Treasury deposits with F. R, Banks 372 * • !-149 . - 543 Ilohmembor deposits 'and other F.R. accounts 1,734 +190 - 468 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 28, 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. notes in actual circulation • 11,079,505 812,636 2,587,963 777,266 1,040,539 702,637 1+70,337 2,213,380 466,032 273,915 382,551 215,202 1,137,047 Deposits: Member bank-reserve acct. 12,245,902 663,883 4,670,565 624,744 990,214 492,^5 395,221 1,765,099 li04,536 232,567 459,33U lil5,819 1,131,225 BUS.Treasurer-general acct. 371«,724 20,654 112,034 15,911+ 36,913 23,657 23,295 37,599 20,041 " 20,974 15,876 13,1+84 31,283 Foreign 952,558 23-, 506 1/500,259 71,518 68,538 32,779 26,074 90,887 22,349 16,389 2i,6o4 2i,6o4 57,051 Other 495,W*5 5,277 ~ 308,332 12,506 55,119 32,793 5,173 4,300 16,421 9,952 3,826 4,423 37,323 Total deposits 14,065,629 713,320 5,5^1,190 ~7247682T,T5o7785 581,921+ 1+1+9,763 1,697,885 463,347 279,882 500,64TT455,530 1,256,882 Deferred availability items 1,127,768 97,311 238,226 73,31+5 128,375 96,149 1+7,147 204,286 55,516 27,772 51,216 41,501 66,924 Other liabilities including accrued dividends 5,677 591+ 1,375 531+ 555 468 290 588 239 151+ 295 249 336 TOTAL LIABILITIES ' 26,278,579 1,623,861 8,418,754 1,575,827 2,320,253 1,381,178 967,537 4,316,W9 985,131+ 581,723 934,702 712,282 2,461,189 CAPITAL ACCOUNTS Capital paid in 145,417 9,479 53,498 11,755 14,849 5,845 5,173 16,038 4,530 3,072 4,703 4,456 12,019 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 15b) 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 51,901 2,716 14,743 3,437 5,031 2,150 2,538 8,954 2,114 2,671 2,203 2,065 3,279 TOTaL LIABILITIES AND CAPITAL ACCOUNTS 26,660,180 1*649,879 8,550,716 1,610,583 2,355,486 1,397,653 981,686 4,365,485 997,274 591,618 946,358 724,042 2,489,400 Commitments to make industrial . advances 11,572 112 347 1,355 547 1,182 135 123 1,049 — 2,441 — 4,281 F.R. notes outstanding 11,576,912 867,934 2,608,844 803,-723 1,073,72 5 733,315 514,64o 2,262,253 494,222 280,493 396,108 239,949 1,221,806 Collateral for F.R.notes held by F.R.Agents» Gold certificates 11,720,000 877,000 2,715,000 025,000 1,080,000 743,000 525,000 2,290,000 500,000 285,000 400,000 246,000 1,234,000 Eligible paper 3,995 — 3,140 450 — '360 45 MATURITY DISTRIBUTION OF BILLS AND SECURITIES iiilithin 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 9,070 4,158 1,367 2,500 1,045 Industrial advances 14,234 8,943 427 238 1,031 757 1,170 1,026 634 U. S. Government securities, direct and guaranteed 4,44l>Jl4 419,746 39,984 116,336 145,279 285,202 323,030 295,575 1,001,960 1,309,202 1/ After deducting $451,589,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

'Form F. .R. 283a Released-for publication Friday morning, October 30,191*2; not earlier, : STATEMENT. OF CONDITION OF THE TFfELVE. FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase 6r decrease , since Oct. 28., Oct. 21, Oct. 29, 1942 ; 19^2 • ; 19^1 A S S E T 'S Gold certificates on hand and due from U. S, Treasury- 20,547,129 - 9,999 - 11,893 Redemption fund - F. E. notes 16,412 + 750 + -2,988 Other cash 250,512 092 - 24,676 Total reserves 20,814,053' - 10,241 .33,^86 Bills discounted: Secured by U. S. Gov'.t obligations, direct and guaranteed 4,070 + 1,664 + 2,326 Other bills discounted .5,000. — + 1,590 Total bills discounted 9,070 + 1,664 + 3,916 Industrial advances 14,234 - 1,070 + 4,512 U. S. Government securities, direct and guaranteed: Bonds 2,11'5,726- + 66,953 + 708,926 Notes 1,188,211 +122,770 + 410,911 Certificates 680,^26 + 55,539 + 680,926 Bills 456,451 - 28,764 + 456,451 Total U. S. Government securities, direct and guaranteed 4,441,314. +216,4^8 +2,257,214 Total bills and securities 4,464,668 +217,092 +2,265,642 Due from foreign banks «... 47 F. R. notes of Other banks • 38,912 - ' 60 0 • + 3,178 Uncollected items 1,241,141 -160,046 + 248,043 Bank premises 40,192 .27 753 Other assets . 61,167 + 4,233 + 15,562 ' TOTAL ASSET'S 26,660,180 + 50,326 ' ' +2,438,086 L I A B I L I T I ES F, R. notes in actual circulation 1111,,007799,,550055 + 00,613 ++33»»66??44,,333399 Deposits: 1 L» » Member bank-reserve account 12,245,902 - 53,504 - 385,689 U<S.Treasurer-general account 371,724. -148,931 - 543,103 Foreign 052,558 + 20,240 - 236,851 Other 49-5,445- +1-73,530 225,089 Total deposits 14,065,629 - 13,665 -1,390,732 Deferred availability items 11,,112277,,776688 -- 2277,,446633 ++ 118855,,443377 Other liabilities, including accrued dividends' • 5,677' + ' "363 + 485 TOTAL LIABILITIES 26,278,579 + 49,848 +2,489,529 C A P I T AL A C C O U N TS Capital paid in •145,417 ++ ;; 7788 ;; •+• 4,158 Surplus (Section 7) 157,502 + 437 Surplus (Section 13b) 26,781 4 Other capital accounts + 51,901 + 400 3,966 TOTAL LIABILITIES AND CAPITAL ACCOUNTS " 26,660,180' + 50,326 ' +2,498,086 Ratio of total reserves to deposit and F. R. note liabilities combined 82.8% - .3% - Q.J/o Commitments to make industrial advances 11,572 + 1,005 1,666 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 28, 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 US»Treasury 2o,5l*7,l?9 1,181,1*72 7,000,1*62 1*173*976 1,772,05$: 974,495 696,671 3,571,521 706,317 427,304 659,328 480,953 1,902,575 # Redemption fund -FRnotes 16,412 1,739 U739 675 812 1,830 458 675 $84 290 515 498 6,797 # # Other cash 250,512 21*, 322 53,820 10,331 18^445 15,584 16,263 31,274 14,586 7,329 10,074 13,756 34,728 Total reserves 20,811*, 053,1*207,533 7,056,021 1,181*,982 1,791,312 991,909 713,392 3,603,470 721,287 434,923 669,917 495,207 1,944,100 Bills discounted* f Secured by U. S. Govt obligations, direct and guaranteed li,070 •• 3,140 " 450 50 360 — 45 t 25 — Other bills discounted 5,000 2,125 480 . 46o 220 175 610 150 110. . 145 145 380 Total bills discounted 9,070 — 5,265 930 510 580 175 610 195 110 145 170 380 Industrial advances H*,28l* 449 621 5,258 849 773 834 175 62 372 719 134 4,038 U* S. Government securities, direct and guaranteed* Bonds 2,115,726 156,712 566,689 162,980 191»272 137,159 96,612 260,169 99,615 56,515 98,060 84,102 205*841 Notes * 1,188,211 88,009 318^259 91,530 107,419 77,031 54,260 146,113 55,945 31,737 55.069 47,235 115,604 Certificates 680,926 50,436 182,383 52,454 . 61,559' 44,143 31,094 83,733 32,060 18,189 31*560 27,067 66,248 Bills 1*56,1*51 . 28,886 118,965 31,712 34,753 27,194 .20,654 89,571 19,099 10,269 19,667 15,281 40,400 Total US; Gov't securities, # direct and guaranteed 1*,1*1*1,3H* 324,043 1,186,296 338*676 395,003 285,527 202,620 579,586 206,719 116,710 204,356 173,685 428,093 Total bills and t i % securities 1*,1*61*, 66$ 324,492 1,1952,182 344,864 396,362 286,880 203,629 580,371 206,976 117,192 205,220 173,989 432,511 Due from foreign banks 1*7 3 1/ 18 5 4 2 2 6- 1 * * 1 1 4 F. k. notes of other bartfcs 38,912 920 J,47l 1,546 2,422 8,654 4,614 4,273 2,866 1,390 3,554 1,048 4,154 : Uncollected items 1,21*1,1|*1 110,047 272,884 69,658 154,883 103,095 55,423 167,091 61,278 35,023 61,931 50,281 99,547 Bank premises 1*0,192 2,736 10,342 4,802 4,345 3,057 1,943 2,935 2,117 1,317 2,819 1*075 2,704 Other assets 61,167 4,148 •15,798 4,726 6,158 4,056 .. 2,683 7,339 2,749 1,773 2,916 2,441 6,380 TOTAL ASSETS 26,660,180 1>6U9,879 8,550,716 1,610,583 2,355.486 1,397,653 981,686 4,365,485 997,274 591,618 946,358 724,042 2,489,4oo •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