H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 23.3 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning* Dec. 11; of the Federal Reserve System not earlier. December '10, I9I4.2 CONDITION OF TIIB FEDERAL R3SEI-.VE BAI'KS During the week ended December 9 member bank reserve balances increased $1467,000,000. Additions to'memfier bank reserves arose from increases of $353>000,000 in Reserve Bank credit and $2,000,000 in Treasury currency and decreases of $51,000,000 in Treasury cash, $3)4,000,000 in Treasury deposits with Federal Reserve Banks and $121^,000,000 in nonmember deposits and other Federal Reserve accounts, offset in .part by an increase -of $138,000,000 in money in circulation. Excess reserves of member banks on December 9 were estimated to be approximately $2,800,000,000, an Increase of $300,000,000 for the week. The principal change in holdings of bills and securities was an increase of $ii06,000,000 in United- States Government securities. Bonds increased $125,000,000, notes $3,000,000, bills $111,000,000 and certificates $137,000,000. Changes in member bank reserve balances and related items during the week, and the year ended December 9> I9h2* were a s follows: Increase or decrease since Doc. 9, Dec. 2, Dec. 10, 19^2 19U2 19HI (In millions of dollars) Bills discounted 9 — + 5 U. S Government direct obligations 5,519 + hOl +3,328 # + U. S. Government guaranteed obligations 27 5 + 22 Industrial advances (not including 10 million commitments - December 9) 15 — + 5 Other Reserve Bank credit 21+3 - 53 + 1 68 Total Reserve 3ank credit 5,313 + 353 + 3>5 2 7 Gold stock 22,713 — - 31 Treasury currency 3,383' + 2 + 1U7 Member bonk reserve balances 13,267 + U27 + 48 Money in circulation 14,936 + 138 +4,152 Treasury cash 2,192 - 51 + 7 1 Treasury deposits with i. R. Banks 60 - 34 - 97 Konmembor deposit? and other F. R. accounts 1,435 • - 124 - 466 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F.* R. 283° STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 9, -IfykQ: ~ (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phil a* CI eve. Rich*. Atlanta Chicago St.Louis Minn, Kans^Cy, Dallas San Fran. F. R. -notes in actual circulation 11,.902,213 367,1*76 2,735,268 333,675 1,103,966 766,095 527,701 2,364,615 501,762 293,266 419»396 243,207 1,235,236 Deposits: uember bank-reserve acct. 13,266,81*2 731,932 4,907,556 675,964 1,052,540 533,955 477,222 1,908,174 444,706 265,539 496,919 479,163 1,233,172 l T ,STreasurer-general acct. 60^051* 525 53,906 375 392 544 247 9 U 591 501 865 331 860 Fore # ign ' 796,81*6 23,257 1/359,881 69,047 66,170 31,647 25,174 87,748 21,577 15,823 20,858 20,853 54,806 Other 385*735 6,030 199,886 14,392 58,756 11,152 5,283 . 9»257 12,210 17,229 4,576 4,268 42,746 Total deposits ll*, 509,527 761,744 5,521,229 759,778 1,177,858 582,298 507,926 2,006,096' 479,034 299,092 523,218 504,620 1,336,534 Deferred availability items 1,067,317 97,167 211,340 62,994 139,307 97,224 38,465 152,974 52,922 25,731 47,522 ioo,445 40,726 ether liabilities including accrued dividends 8,1*73 693 1,756 2,314 631 457 418 746 190 167 387 457 257 IuTAL LIABILITIES 27,4~8 7,530 1727,080 8,470,093 1663,761 2,426,762 1446,074 1074,510' 4,524,431 1033,958 618,256 991,023 788,810 2,722,772 CxiPIT.xL ACCOUNTS Capital paid in 145,474 9,484 53,494 11,753 14,853 5,851 5,177 16,069 4,530 3,073 4,720 4,450 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 13*>) 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 54,285 2,914 15,382 3,311 5,257 2,304 2,602 9,115 2,266 2,724 2,312 2,139 3,459 TOTAL LIABILITIES AND CaPITAL iiCCOUKTS 27,871,572 1753,301 8,602,690 1693,339 2,462,225 1462,709 1088,727 4,573,969 1046,250 623,205.1002,305 800,638 2,751^164 Commitments to make industrial advances 10,381 225 318 l.,452 441 1,209 135 94 1,667 337 — 4,oo3 F. R. notes outstanding 12,411,726 905,582 2,363,998 867,041 1,140,735 794,144 563,927 2,419,897 533,193 300,561 435,956 269,653 1,317,039 Collateral for F.R.notes held by F.R.Agents: Gold certificates 12,421,000 917,000 2,865,000 870,000 1,-150,000 747,ooo 570,000 2,440,000 500,000 305,000 44o,ooo 273,000 1,344,000 Eligible paper 3,579 125 3,020 305 -- 25 — —' 45 59 U. S. Gov't securities 90,000 50,000 — — 40,000 IwhTURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 61 to 9I 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 Sills discounted 3,753 5.852 177 598 1,436 690 Industrial advances 15,227 8,586 419 339 2,392 654 1,097 1,057 683 U. S. Government securities, direct and guaranteed 5,545,797 90,592 70,120 598,332 105,520 281,414 556,008 295,575 1,356,936 2,193,300 l/After deducting $436,628,000 participations cf 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, December 11, I9I4.2; not earlier. . STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Dec.9, Dec. 2, Dec. 10, 1942 1942 1941 • A S S E T S' Gold certificates on,hand and due from U. 3. Treasury- 20,554,614 + 1 + 3,599 Redemption fund - F. K. notes 17,. 164 926 + 1,812 Other cash 239». 540 + 3,374 + 7,951 Total reserves 20,811,313 + 7,449 + 13,362 Bills discounted} Secured by U, S. Gov't obligations, direct and guaranteed . 3,685 320 2,233 Other bills discounted + 63 + 2,460 5,-068 Total bills discounted 8,753 252 + 4,693 Industrial advances 15,227 + 250 + 5,455 U. S. Government securities, direct and guaranteed: Bonds 2/684,674 +125,237 +1,277,874 Notos 1,366,564 + 539,264 + 3,227 Certificates 918,521 +136,797 + 918,521 Bills 576,038 +140,671 + 563,668 Total U. S. Government securities, • direct and guaranteed 5,545,797 +405,932 +3,349,327 Tot«.l bills „jid securities 5,569,777 +405,930 +3,359,475 Due from foreign bunks •47 -- -- F. k. notes of other banks 39,945 + 2,373 + 7,374 Uncollcctcd items 1,309,993 -135,341 +374,472 Bank premises + l 40,063 988 Oth~r assets 100,429 + 10,677 + 47,945 T0T.i.L ASS.,TS 27,371,572 +241,089 +3,302,140 L I A B I L I T I ES F, R. notes in ^ctual circulation 11,>02,213 + 94,335 +4,063,816 bsposits: Lumber bank-re servo account 13,266,842 +427,182 + 47,454 U. S. Treasurer-general account 60,054 - 34,227 - 97,087 Foreign 796,846 -119,740 - 138,207 Other 385,735 + 2,515 - 292,913 Total deposits 14,5)9,527 +275,723 - 430,753 Deferred availability .items 1,067,317 -132,054 + 207,186 Other liabilities including accrued dividends 3,473 + .2,473 936 TOT.iL LIABILITIES 27,487,533 +240,432 +3,791,185 C p I T A'L A C C 0 0 N T b Capital paid in 145,474 + 21 + 4,169 Surplus (Sectiqn 7) 157,502 + 437 Surplus (Section 13b) 26,731 — 4 Oth^-r capital accounts 54,285 + 536 + 6,353 T0T.iL LIABILITIES AND CAPITAL ACCOUNTS 27,871,572 . +241,089 +3,302,140 Ratio of total reserves to deposit and F. R. note liabilities combined 78.3$ - 1.15& - 12.395 Commitments to make industrial advances 10,381 388 4,556 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

torm F. R. 233b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 9, l<)h£ (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta .Chicago St.Louis Linn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 20,33k,6lh UB2.k5k 6,807,710 1173,213 1,766,971 950,453 747,122 3,632,515 £91,660 430,415 653,652 502,700 1,965,749 Redemption fund -F.R.notes 17,16k 1,395 1,290 1,103 426 2,313 207 1,743 273 245 423 422 7,324 vth^r cash 239,3k0 20,960 51,630 12,894 :17,932 15,314 15,010 23,984 16,949 7,853 3,627 13,460 34,427 Total reserves 20,911,318 120^309 6,860,630 1137,210 1,735,329 968,580 762,339 3,708,242 708,832 438,513 662,702 516,532 2,007,500 Bills discounted: Secured by U.S. Gov't obligations", direct and guaranteed 3,685 125 3,020 305 140 25 — -- 45 — 25. — — Oth^r bills discounted 5,068 — 2,125 430 494 220 175 . 610 150 110 179 145 330 Total bills discounted 3,753 125 5,145 785 634 245 175 610 195 110 2o4 145 380 Industrial ~s.dvance.s 15,227 470 621 5,H4 327 6699bb 537 117 61 337799 2,241 131 4,035 u. S. Government securitie °0 * direct and guar^uiteeds Bonds 2,684,674 204,433 683,563 204,314 237,972 176,147 126,948 330.126 123,191 72,536 131,965 109,326 279,053 2.otes 1,366,564 104,090 347,950 104 ,-001 121,133 39,666 64.620 163,042 65,250 36,945 67,176 55,649 142,042 Certificates 918,521 <£9,961 233,371 69,903 31,419 60,266 43,433 112 948 43,3-58 24,834 45,150 37,404 95,474 Bills 576,038 37,256 170,420 39r756 47,842 __32,093 26,_12_9 ..77,647. 33,416 16,225 l?,,?. 1 ! 51,092 Total U. S. Gov't securities, diiect ana guaranteed 5,545,797. 415,790 1,435,804 417,974 438,366 358,172 261,130 683,763 270,715 150,590' '268,534' 222,293 567,661 Total bills and securities 5,569,777 416,385 1,441,570 423,873 439,827 359,in '261,842 689,490 270,971 151,079 " 270,979'222,574 572,076 -•uc from foreign banks 47 3 1/' 13 5 4 • • 2 2 - • 6 - • 1 * ' 1. . 1 u» F.R. notes of other banks 39,945 356 3,442 1,575 2,425 7,993 3,780 4,253 • 2,863 1,239 4,533 1,309 5,H7 Uncollected items 1.309,995 121,509 262,284 72,091 170,815 117,467 54,06? 156,876 56,366 33,273 56,909 54,638 153,191 Bank premises 40,063 2,726 10,305 4,791 4,335 3,051 1,939 2,925 2,113 .1,312 2,308 1,060 2,698 Other assets 100,429 7,013 24,441 9,344 9,490 6,505 4,756' 12,172 4,554 2,784 4,813- 3,974 10,573 RUTAL ASSETS 27,871,572 1753,301 8,602,690 1698,3392,462,225 1462,709 1033,727 4,573,969 1046,25c 623,205 1002,805 800,639 2,751,164 •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