H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Pom F. iU 283 STATELET FOR TflE PRESS Released for publication B Governors oard of Friday morning, November 13; of the Federal Reserve System not earlier. November 12, 19l& CONDITION OF THE FEDKIA.L RESERVE BANKS During the week ended November 11 member -bank reserve balances increased $281,000,000. Additions to member bank reserves arose from decreases of $127,000,000 in Treasury deposits with Federal Reserve Banks and $26,000,000 in Treasury cash, ana increases of $237*000,000 in Reserve Bank credit, 000,000 in Treasury currency, and 82,000,000 in gold stock, offset in part by increases of $y6,00C,000 in money in circulation and $17^000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on November 11 were estimated to be approximately $2 ,1*00,000,000, an increase of $280,000,000 for the week. The principal change in holdings of "bills and securities was an increase of $107,000,000 in United States Government securities. Bonds increased $50,000,000, notes $8,000,000, certificates $j8,000,000, and bills $11,000,000. Changes in member bank reserve balances and related items during the week and the year ended November 11, 19^2, wore as follows: Increase or decrease sinco Nov. 11 , Nov, 4, Nov• 12 1942 1942 I9hi • (Iu millions of dollars) Bills discounted 10 - 1 " + 4 U. S, Government direct obligations 4,636 +102 +2,457 U. S. Government guaranteed obligations 22 + 5 + 17 Industrial advances (not including 10 million commitments - Nov, 11) 15 5 Other Reserve Bank ereait 234 +130 + 172 Total Reserve Bank credit 4,917 +237 +2,654 Gold stock 22,741 + 2 - 52 Treasury currency' 3,373 + 4 + 151 Member bank reserve balances 12,492 +281 - 215 Money in circulation 14,408 + 96 +3,936 Treasury cash 2,234 - 26 + 21 Treasury deposits with F* R. Banks 234 -127 - 573 Nonmomber deposits ana other F.R. accounts 1,663 + 17 - "'417 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 NOVEMBER 11, 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 cir- * , , culation 11,379,652 830,873 2,634,939 795,691 1,060,155 724,977 496,338 2,267,983 479,459 279,882 397,941 223^11 1,102,953 Deposits: Member bank-reserve acct.12,491,966 657,551 4,549,812 645,793 971,397 510,888 444,700 1,868,770 437,602 261,062 484,915 439,869 1,219,607 U.S.Treasurer-general acct. 233,675 6,853 ,92,757 8,372 21,223 29,935 22,454 670 8,04l 12,519 6,711 6,620 17,520 Foreign 914,157 23,654 1/482,828 67,985 65,153 31,160 24,786 86,398 21,245 15,580 20,537 20,537 54,294 other 470,883 '4,769 301,538 14,667 53,946 9,477 11,938 5.736 9,986 9,546 7,685 5,033 36,562 Total deposits i4,110,631 692,827 5,426,935 736,817 1,111,719 581,460 503,378 1,961,574 476,374. 2 98770 7~519,848'472,059 T;327,983 Deferred availability items 1,039,612 86,520 186,698' 62,335 105,211 131,188 63,886 150,058 54,476 27,635 53,901 47,351 69,853 Other liabilities including accrued dividends 5,635 610 1,469 • 357 530 457 230 660 186 li'3 283 225 380 TOTAL LIABILITIES " 267535,530 1,610,830 8,250,091 1,595,200 2 ,277,665 1 8T0S2~l7o6J4.,3S2~438o7275 1,010,995" 606,37^97X7973^5755^3317169 CAPITAL ACCOUNTS Capital paid in 145,402 9,48i 53,497 11,754 14,850 5,846 5,173 16,038 4,516 * 3,073 4,703 4,451 12,020 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 3,21)1; 713 1,429 530 1,000 1,137 1,263 2,121 other capital accounts 52,305 2,748 14,337 3,480 5,075 2,172 2,535 8,958 2,180 2,638 2,232 2,06l 3,289 TOTAL LIABILITIES AND : ~~ CAPITAL ACCOUNTS 26,917,570 1,636,882 8,382,196 1,629,998 2,312,943 1,454,580 1,078,528 4,429,625 1,023,187 616,285 933,658 760,297 2,609,391 Commitments to make industrial advances 10,027 252 318 1,451 447 1,173 135 115 972 — 931 — 4,233 F.R. notes outstanding n,84o,i42 876,o64 2,739',293 825,200 1,094,000 753,209 530,503 2,314^13 504,275 285,052 412,566 250,917 1,255,050 Collateral for F.R.notes held by F.R.Agents: Gold certificates 12,032,000 892,000 2,765,000 850,000 1,100,000 ' 763,000 550,000 2,350,000 520,000 290,000 420,000 258,000 1,274,000 Eligible paper 4,045 .— 3,715 250 ^ — 10 — — 45 — 25 MATURITY DISTRIBUTIVE! • OF BILIS .JSP 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 I year years years 5 years Bills discounted 10,460 5,390 • 1,731 2,314 1,025 : Industrial advances 15,^96 • 8,621 479 184 2,528' 730 1,160 . 1,013 681 U.S. Gov eminent soiurities, direct and guaranteed I*,657 >939 52,1+67 18,752 I d dM b9k,b 10" 157,991" 1+03,373 295,575 1,156,796 1,890,331 \J After deducting $i00,63l|-.-000 participations of other Federal Reserve' Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F.~R. 233a Released for publication Friday morning, November 13,l9u2; not earlier. STATEMENT OF CONDITION' OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov. 11, Nov. 4, Nov. 1942 1942 1941 A S S E'T S Gold certificates ,on hand and duo from U. S. Treasury ' 20,562,61$ +8,489 +5,583 Redemption fund - F. R. notes 14,003 -1,078 + 266 Other cash 232,074 - 672 -11,587 Total reserves 20,808,692 +6,739 - 5,738 Bills discounted: Secured by U.S. Gov't obligations, direct and guaranteed 5,460 - 80 + 2,899' Other bills discounted 5,000 — + 1,139 Total bills discounted 10,46o 80 • + 4',038 Industrial advances 15,396 + 402 + 5,331 U. S. Government securities, direct and guaranteed: Bonds 2,216,460 +50,407 +809,660 Notes • -1,328,442 + 7,998 ' +551,142 Certificates 672,1+66 +38,018 +672,466 Bills , 440,571 +10,660 +440,571 Total U. S.Government securities, direct and guaranteed "* k,657,939 +107,083 +2,473,839 Total bills and securities 4,683,795 +107,405 +2,433,208 Due from foreign banks U7 — —' F. R. notes of other barks 42,615 + 5,166 + 6,550 Uncollected items • 1,273,180 +122,531+ +324,654 Bank premises 40,147 — 808 Other assets 69,094 + 4,918 + 21,992 TOTAL ASSETS 26,917,570 +246,762 +2,829,858 L I A B I L I T I ES F.'R. notes in actual circulation 11,379,652 + 77,353 +3,859,292 Deposits: Member bank-reserve account 1122,,449911,,996666 +281,371 - 214,731 U. S, Treasurer - general account 233,675 -127,102 • - • 573-,074 Foreign 914,157 + 19,946 - 215,105 Other 470,883 + 1,902 - 189,414 Total deposits 14,110,681 +176,117 -1,192,324 Deferred availability items • • 1,039,612 - 7,400 +- 153,401 Other liabilities including accrued dividends 5,635 + 387 + 434 TOT.nL LIABILITIES 26,535,580 +246,457 +2,820,803 C ^ P I T aL A C C O U N TS Capital paid in 145,4-02 • 5 + 4,100 Surplus (Section 7) 157,502 — + U37 Surplus (Scction 13b) 26,781 — 4 Other capital accounts 52,305 + 300 + 4,522 TOT-J, LIABILITIES AND CAPITAL ACCOUNTS 26,917,570 +246,762 +2,829,858 Ratio of total reserves to deposit and F. R, note liabilities combined 81.6 - M 3M Commitments to make industrial advances 10,027 203 4,630 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 NOVEMBER 11, 1^2 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Sar. Fran. Gold certificates on hand and due from U. S. Treasury 20,562,615 1,11+1,532 6,818,600 1,175,117 1,733,748 996,275 772,076 3,591,56? 715,731 443,474 681,502 501,803 1,991,190 Redemption fund-F.R.notes 14,003 1,592 1,211 1,450 658 1,664 355 2,C22 337 2?0 479 474 3,491 Other cash 232,074 20,682- 54,273 9,665 18,266 15,753 13,210 25,647 15,415 7,382 7,836 13,498 3 0M7 Total reserves 20,803,692 1,163,806 6,874,084 "1,186,232 1,752,672 1,013,692 785,641 3,619,236 731,483 451,126 689,817 515,775 2,025,128 Bills discounted* Secured by U. S. Govft obligations, direct and guaranteed 5,460 — 3,715 250 l,4oo 10 — — 45 25 — 15 Other bills discounted 5,000 — 2,125 480 46o 220 175 610 150 110 145 145 380 Total bills discounted 10,460 — 5,840 730 1,860 230 175 610 195 110 170 145 395 Industrial advances 15,396 483 621 5,153 070 747 546 i4i 62 376 2,229 133 4,035 II. S. Government securities, direct and guaranteed: Bonds 2„gl6,460 175,772 579,657 170,754 203,485 144,054 ioo,439 269,285 107,354 60,143 101,343 86,462 217,712 Notes 1,328,442 105,349 347,422 102,341 121,960 36,339 60,199 161,393 64,340 36,049 60,740 51,820 130,485 Certificates 672,466 53,329 175,866 51,806 61,736 43,706 30,473 81,700 32,571 18,247 30,747' 26,232 66,053 Bills 44o,57.i 26,4o4 120,829 25,560 50,601 21,610 16,858 •103,535 19,089 : 8;397 17,192 12,790 32,206 Total U. S. Gov't securities, direct and guaranteed 4,657,939 • 360,854 1,223,774 350,461 • 417,782' 295,709 267,969. 620,918 "223,354 123,336 210,022 177,304 446,456 Total bills and securities 4,683,795 361,337 1,230,235 356,344 420,512 296,686 208,690 621,669 223,611 123,822 212,421 177,582 450,386 Due from foreign banks 47 3 1/18 - 5- 4- 2 • 2 - -6 ' : 1 .* 1 1 4 F.R.notes of other banks ' 42,615 1,294 6,821 1,209 1,951' 9,337 ' 4,203 3,929 2,711 1,270 3,316 1,454 4,620 Uncollected items 1,273,180 102,684 243,134 76,259 126,442 127,221 75,o49 17 5,535 60 ,039 36,773 71,479 61,705 118,855 Bank premises 40,147 2,731 10,324 4,802 4.,345 3,057 1,943 2,928 2,117 1,314 2,8l'4 1,068 2,704 Other assets 69,094 5,027 17,580 5,147 7,017 4,585 . 5,000 8,322 3,225 1*975 3,310 2,712 7,194 TOTAL ASSETS 26,917,570 1,636,862 8,382,196 1,629,993.2,312,943 .1,454,580 1,078,528 4,429,6251,023,187 616,285 983,658 760,297 2,609,391 l/ After deducting $29,000 participations of other Federal Reserve Banks. •Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis