H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 203 STATEMENT F.OR THE PRESS Released for publication Board of Governors Friday morning, November 20; of the Federal Reserve System not earlier, November 19, 191*2 CONDITION OF THE FEDERAL RESERVE BANKS During the- week ended November 18 member bank reserve balances increased $129,000,000. Additions to member bank reserves arose from inc.". ^bob of $120,000,000 in Reserve Bank credit and $2,000,000 in Treasury currency and a decrease of $11*3,000, j00 in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $57,000,000 in money in circulation, $66,000,000 in Treasury deposits with Federal Reserve Banks and $15,000,000 in Treasury cash t Excess reserves of member banks on November 18 were estimated to be approximately $2,1*90,000,000, an increase of $90,000,000 for the week. The principal change, in holdings of bills and securities was an increase of $37,000-,000 • in -United States Government securities. Bonds increased $51*,000,000, notes-$5,000,000 and certificates $1*3,000,000, while bills decreased $65,000,000. Changes In member bank reserve balances and related itkms during the week and th'Q year ended November 18, 191*2, were as follows: Increase or decrease since : Nov. i8, Nov. 11, Nov. I9, 191*2 191*2 19l*l (In millions of dollars) Bills discounted 8 - 2 + 3 U. S. Government direct obligations 4,673 + 37 +2,494 U. S. Government guaranteed obligations 22 — + 17 Industrial advances (not including 10 million commitments - November 18) 16 + 1 + 6 Other Reserve Bank credit 327 + 86* + 219 Total Reserve Bunk' credit 5,045 +120* +2,738 Gold stock •22,741 — - 37 Treasury currency 3,375 + 2 + 147 Member bank reserve balances 12,622 +129* - 320 Money in circulation 14,465 "+ 57 +3,930 Treasury cash .2,249 + 15 + 65 Treasury deposits with F. R. Banks 300 . + 66 - 298 Nonmember deposits and other F. R, accounts 1,526 -143* - 528 •Nov, •11 figures revised. 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" 18, 1942 (In thousands of dollar^) 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 circuiationj 11,447,369 834,149 2,648,960 802,114 1,065,271?' 729,916 497,735 2,2^5,731 481,612282,919 400,921223,9631,189,078 Deposits: Member bank-reserve acct. 12,621,976 687,999 4,706,701 642,613 1,021,202 510,619 432,218 1,775,475 421,338 252,915 479,100 446,173 1,245,618 U.S.Treasurer-general acct. 299,631 19,560 73,755 12,662 28,251 13,865 13,186 39,347 16,822 15,649 14,333 15,662 31,434 Foreign 913,006 23, 140 1/434,269 67,633 64,32o 31,001 24,660 35,957 21,137 15,500 20,432 20,432 54,020 other 333,861 4,807 173,959 21,396 51,135 10,142 2,623 4,002 10,945 9^533 8,106 3,262 33,956 Total deposits 14,173,474 735,506 5,438,684 744,299 1,165,4oS 570,"627 472,692 1,904,731 470,242293,^7 522,026 435,534 1,370,073 Deferred availability items 1,191,853 110,735 253,078 76,726 133,979 100,466 56,132 174,303 62,06? 26,823 53,346 47,677 06,519 Other liabilities including accrued dividends 5,769 623 1,455 362 573 436 274 532 199 133 373 377 372 TOTAL LIABILITIES 2O,31'8,465 1681,018 3, 347,177 1623,501 2,365,231 1401,445 1026,333 4,365,397 1014.122 603,477 931,666 762,551 2,646,047 CAPITAL ACCOUNTS Capital paid in 145,436 9,480 53,499 n,754 14,851 5,346 5,173 16,063 4,518 3,072 4,709 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 3,244 713 1,429 530 1,000 1,137 1,263 2,121 Other capital accounts- 52,357 2,737 15,028 3,664 5,114 2,223 2,559 9,006 2,180 2,700 2,225 2,075 3,296 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 27,201,041 1707,108 8,479,425 1 658,483 2,1*00,549 1417,994 1041,003 4,414,820 1026,316 613,401 993*350 774,316 2,674,276 Commitments to make industrial advances 9,601 233 318 1,519 398 1,172 135 108 997 — , 551 4,170 r'.R. notes outstanding 1111,,996600,,115533 890,861 2,753,646 829,398 1,106,232 776622,,449933 553355,,442266 22,,334411,,660099 551111,,336611 288,818 416,732 250,708 1,272,869 Collateral for F.R.notes hold by F.R.Agents: Gold certificates 12,132,000 902,000 2,790,000 850,000 1,110,000 768,000 550,000 2,380,000 520,000 290,000 420,000 258,000 1,294,000 Eligible paper 2,930 700 1,670 400 — " 35 45 — 80 — 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 7,960 4,200 100 3,514 91 . 55 — -- -- Industrial advances 15,-551 8,604 441199 315 2,805 -569 1,146 1,012 681 — U.S. Government securities » direct and guaranteed 4,694,818 16,745 36,749 149,250 497,938 161,875 431,048 295,575 1,179,958 1,925,680 l/ After deducting $428,139,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

a Form R. 2S3 Released for publication Friday morning, November 20,19^2; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE - BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov. 18, Nov. 11, Nov. I9, 1942 1942 1941 A S S E TS Gold certificates on hand and due from U. S, Treasury 20,548,614 - 14,001 - 7,919 Redemption fund - F. R. notes 17,880 + 3-, 3 77 + 4,327 Other cash 242,067 + 10,205* - 17,126 Total reserves 20,808,561 + 81* - 20,713 Bills discounted! Secured by U^S. Gov't obligations, direct and guaranteed 2,905 - 2,555 + 1,550 Other bills discounted 5,055 + 55 + 1,436 Total bills discounted 7,960 - 2,500 + 2,986 Industrial advances 15,551 - + 155 + 5,512 U. S, Government securities, direct and guaranteed: Bonds 2,270,371 + 53,911 + 863,571 Notes 1,333,042 + 4,600 + 555,742 Certificates 715,400 ' + 42,934 + 715,400 Bills • 376,005 - 64,566 + 376,005 Total U.S. Government securities, direct and guaranteed 4,694,818 + 36,879 +2 ,510,718 Total bills and securities ^,718,329 + 34,53U +2 ,519,216 Due from foreign banks 47 F. R. notes of other banks - 1,724* + 41,019 4 , 1 11 Uncollected items 1,518,515 +233,773* + 274,655 Bank premises 4o,l47 — - 939 Other assets 74,423 + 5,329 + 26,6?o TOTAL ASSETS 27,201,041 +276,998* +2 ,303,015 L I A B I L I T I ES F. R. notes in actual circulation 11,447,36? + 67,493* +3 ,866,330 Deposits} iviember bank-reserve account 12,621,976 +129,229* - 319,855 U. S. Treasurer- general account 299,631 + 65,956 - 298,834 Foreign 913,006 - 1 , 1 51 - 133,236 Other 338,861 -138,040* - 379,272 Total deposits 14,173,474 + 55,994* -1 ,131,197 Deferred availability items 1,191,353 +152,739* + 55,431 Other liabilities including accrued dividends 5,7 69 + 130* + 770 TOTAL LIABILITIES 26,313,465 +276,406* +2,793,384 C A P I T AL A C C O U N TS Capital paid in 145,436 34 + 4,112 Surplus (Section 7) 157,502 — + 437 Surplus {Section 13b) 26,731 - 4 Other capital accounts 52,857 + 558* + 5,086 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 27,201,041 +276,998* +2,803,015 Ratio of total reserves to deposit and F. R. note liabilities combined . 81.2% M - 9.8% Commitments to make industrial advances 9,601 426 - 4,973 *Nov, 11 figures revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 28Jb STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS ON NOVEMBER 18, 194.2 (In thousands of dollars) f A"g S E TS ""1 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 2o,5ii8,6lU 1150,953 6,826,31*7 1179,987 1,771;,955 968,033 730,948 3,577,008 699,582 436,149 681,211 506,847 2,016,594 Redemption fund - F*R.notes 17,880 1/544 984 1,361 599 • 1,185 314 1,933 320 264 462 455 8,459 Other cash 21*2,067 21,804 54,480 11,413 19,834 15,322 14,554 26,055 15,745 7,519 8,632 13,426 33,283 Total reserves^ 20,808,561 1174,301 6,831,811 1192,761 1,795,338 984,540 745,816 3,604,996 715,647 443,932 690,305 520,728 2,053,336 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 2,905 700 1,670 400 — 35 — -- 45 — 25 30 — Other balls discounted 5,055 — 2,125 480 460 220 175 610 150 110 200 . 145 330 Total" bills discounted 7,960 700 3,795 880 460 255 175 610 195 110 225 175" 380 Industrial advances 15,551 467 621 5,074 843 746 524 130 61 390 2,528 132 4,035 U. S, Government securities, direct and guaranteed: Bonds 2,270,371 179,711 595,130 175,171 208,824 146,979 102,730 275,449 109,836 61,779 103,924 88,537 222,301 Notes - 1,333,01*2 105,519 349,430 102,851 122,611 86,297 60,318 161,731 64,487 36,272 61,017 51,936 130,523 Certificates 715,1*00 56.627 187,527 55,197 65,3-01 46,314 32,370 86,794 34 ..610 19,467 32,747 27,898 70,048 Bills 376,005 26,913 101,445 23,476 30,783 22,170 16,146 56,311 22.202 9,108 16,612 13,054 32,775 1 lotal U Gov1 securities, 9 direct and guaranteed '2*, 691*, 818 368,775 1,233,532 361,695 428,024 301,760 211,564 580,235 231,135 126,626 214,300 181,475 455,647 Total bills and securities 1*, 718,329 369,942 1,237,948 367,649 429,327 302,761 212,263 581,025 231,391 127,126 217,053 181,782 46o,o62 Due from foreign banks . . 1*7 ' 3 1/ 18 . 5 4 2 2 6 1 * 1 1 4 F.R.notes of other banks 1*1,019 1,354 1,353 "1,621 2,303 8,241 4,492 5,086 3,768 1,374 4,010 1,430 3,487 Uncollected items 1,518,515 153,?91 326,691 35,933 161,632 114,508 73,229 211,779 69,926 '37,491 75,6?8 66,337 141,995 Bank premises 1*0,11*7 2,731 10,324 4,802 4,345 3,057 1,943 2,928 2,117 1,314 2,314 1,068 2,704 Other assets 71*, 1*23 5,436 18,730 5,707 7,550 4,885 3,253 9,000 3,466 .2,164 . 3,469 2,970 , 7,638 TOTAL ASSETS 27,201,041 1707*108 8,479,425 1659,435 2,400,549 1417,994 1041,003 4,414,320 1026',316 6l3,4oi 993,350 774,316 2,674,276 *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