H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283a STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Dec. 13; of the Federal Reserve System not earlier. December 17, 19l*2 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 16 member bank reserve balances increased $250,000*000*. Additions to member bank reserves arose from increases of $21*2,000,000 in Reserve Bank credit and $57,000,000 in Treasury currency, and decreases of 000,000 in -Treasury deposits;with Federal Reserve Banks, $8,000,000 in Treasury cash and $3,000,000 in nonmember deposits and other Federal Reserve accounts, offset* in part by an increase of $106,000,000 in money in circulation. Excess reserves of member banks on December 16 were estimated to be approximately $2,61*0,000,000, a decrease of $160,000*000 for the week, * * * The principal change in holdings of bills and securities was a decrease of $9,000,000 in United States Government securities, Bonds increased $56,000,000 certificates' '$31,000,000, while notes decreased $31,000,000 and bills $65,000,000. Changes in" member bank reserve balances and related items during the week and the year ended December 16, I9I42, were as follows* Increase or decrease since Dec. 16, Dec. Dec. 17, 9, 19U2 19^2 19U1 ('In millions of dollurs) Bills discounted h 9 • U. S. Government direct obligations 5,506 - 13 +3,271 U. S..Government guaranteed obligations 51 + h + 26 Industrial advances (not including 11 million ) commitments - December 16) 15 + 5 Other Reserve Bank credit 493 +250 + 315 Total Reserve Bank credit 6,055 +242 +3,622 Gold s%t ock 22,744 + 1 3 Treasury currency 3,44o + 57 + 202 Member bank reserve balances 13,517 +250 +1,020 Money in circulation 15,092, +1Q6 +4,069 Treasury cash • ' 2,184 - 8 9 Treasury deposits with F. R Banks 13 - 17 - 912 f Nonmember deposits and other F. R. accounts 1,432 - 3 - 348 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 233c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 16, 1942 (In thousands ,©f dollars) LI 1 B I L I I I E S Total Boston New York Phila. Cleve.' Rich. Atlanta , Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual circulation 12,019,103 875,359 2,765,360 847,227 1,122,250 776,694 544,878 2,381,196 506,076 295,575 422,004 241,487 1,240,997 Deposits: Member bank-reserve acct. 13,517,087 754,496 5,133,625 669,060 1,026,130 520,646 432,979 1,922,674 444,215 272,944 495,337 432,417 1,312,564 U.S.Treasurer-general acct.. 13,117- '232 ' 2J2 • 573 545 556 560 582 239 7,242 56O 574 1,182 Foreign 801,019 23,4491/363,593- 69,224 66,340 31,723 25,238 87,972 21,632 15,864 20,911 20,9II 54,957 Other _36l,070 _ 7*431 ~ 181,214 9,360 61,893 10,408 3,716 14,292 12,021 11,296 41,470 Total deposits 14,693,093 785,608 5,678,704 743,217 1,154,908 563,333 512,493 2,025,520 478,107 307,346 520,847 507,832 1,410,173 Deferred availability items 1,336,457 134,433 294,437 95,oo6 171,787 113,835 57,132- 188,447 73*354 31,613 58,358 49,096 38,959 Other liabilities including accrued dividends __6,526 684 1,845 401 _ _ 613 -454 _.327 676 _i6i _ 154 437_ _36o 414 TOTAL LIABILITIES 23",055,179 1776,084 8,740,346 1690,851" 2,449,558 1454,"321 1114",33oT,595,839' 1057,698 634,'588' iooi,64~6 798,775" 2,74o,543 CAPITAL ACCOUNTS Capital paid in 145,849 9*484 53,648 11,754 14,370 5,863 5,131 16,252 4,531 3,074 4,721 4,450 12,021 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 7-13 1,429 530 1,000 1,137 1,263 2,121 Other capital accounts 54,767 2,920 15,546 3,841 5,301 2,357 2,617 9,173 2,267 2,733 2,286 2,162 3,554 TOTxiL LIABILITIES .AND CAPITJIL ACCOUNTS 23,440,073 1302,311 8,873,261 1726,010 2,485,082 1471,021 1129,066 4,645,623 1069,992 644,652 1013,403 310,626 2,769,031 Commitments to make industrial advances 10,708 155 318 1,532 421 1,108 135 — 1,667 — 1,416 — 3,956 F.R. notes outstanding 12,492,511 904,721 2,-867,558 363,258 1,160,523 809,272 577,323 2,430,305 535,353 301,118 433„6l2 270,^73 1,328,590 Collateral for F.R.notes held by F.R.Agents: Gold certificates 12,455,000 912,000 2,390,000 370,000 1,170,000 737,ooo 560,000 2,470,000 430,000 305,000 440,000 277,000 1,344,000 Eligible paper 4,257 200 3,445 370 —. 15 — — 45 — 182 — U.S.Gov't (securities 195,000 — — — — . 100,000 20,000 -- 75,ooo MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to " 61 to 91 days to 5~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 yoars Bills discounted 9,478 . 6,591 1,145 55 1,638 49 Industrial advances U.S. Government securities, 14,513 10,128 524 139 422 439 .1,279 384 648 direct and guaranteed 5,537,143 103,865 62,282 595,808 139,435 238,245 543,997 241,575 1,335,120 2,221,766 l/ .after deducting $437,607,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form P. R. 283a Released for publication Friday morning, December 18,l9l*2* not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE B-uNKS COMBINED (In thousands of dollars) Increase or decrease since Dec. 16, Dec. Dec. 17, 9, 191+2 I9I+2 I9UI • A S S E TS Gold certificates Qn hand and due from U. S.Treasury- . 20,561,280 + 6,666 + 45,264 Redemption fund - r'. R. notes 21,321 + 4,157 + 6,735 Other cash 295,563 • 56,323 +• 71,797 Total reserves 20,878,164' + 66,346 + 123,796 Bills discounted: Secured by U. S.Gov't obligations, direct and guaranteed 4,410 + 725 + 1,579 Other bills discounted 5,063 — + 2,59*5 Total bills discounted 9,478 + 725 + 4,174 Industrial advances 14,513 - 714 + 4,802 U. S, Government securities, direct and guaranteed: Bonds 2,741,124 + 56,450 +1,289,054 Notes. 1,335,964 - 30,600 + 558,664 Certificates 949,041 + 30,5^3 +. 949,041 Bills 511,014 - 65,024 + 500,644 Total U,S. Government securities, direct and guaranteed 5,537,143 - 3,654 +3,297,403 Total bills and securities 5,561,134 - .3,643 +3,306,379 0ue from foreign banks 47 — — F.R.notes of- other banks 43,970 + 19,495 + 9,025 Uncollected items • 1,329,304 +519,911 + 330,150 Bank premises 40,059 4 1,095 Other assets 31,900 - 13,529 + 40,750 TOTAL ASSETS 23,440,078 +563,506 +3,369,475 L I A B I L I T I ES F. R. notes in actual circulation 1122,,001199,,110033 ++111166,,339900 +4,004,777 Deposits: Member bank-reserve account 13,517,037 +250,245 +1,019,313 U. S. Treasurer-general account 1 3 , 1 17 - 46,937 - 912,141 Foreign 301,319 + 4,973 51,036 Other 361,070 - 24,715 - 263,710 Total deposits , 14,693,093 +133,566 - 212,119 Deferred availability items 11,,333366,,445577 ++226699,,114400 ++ 6655,,119966 Other liabilities including accrued dividends 6,526 - 1,947 + 962 TOTAL LIABILITIES- 28,055,179 +567,649 +3,353,316 C A P I T AL A C C O U N TS Capital paid in 145,349 + ,375 + 3,312 Surplus (Section 7) 157,502 — + 437 Surplus (S'ection ljb) 26,731 4 Other capital accounts ' 54,767 + 482 + 6,414 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,440,073 +563,536 +3,069,475 Ratio of total reserves to deposit and F. R. note liabilities combined 73.2$ - - 12.1$ Commitments to make industrial advances 10,703 + 327 4,431 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

For% F. E. 283b STATEMENT OF CONDITION OF THE FED ERA IT RESERVE BANKS. ON DECEMBER 16, 1942 (In thousands of dollars) A S S E TS Total Boston Now York Phila. Clovei Rich, ,A tlanta Chicago St.Louis Minn., Kans^Cy. Dallas San Fran. Gold certificates on hand and duo • from U. S. Treasury 20,561,280 1187,489*6,960,010 1134,502 1,694,564 931,963 743,658 3,671,097 680,393 439,155 645,987 501,107 1,971,355 Redemption fund - F.R.notes 21,321 1,345. 1,057 1,012 1,360 5,267 1,000 1,677 256 237 409 411 7,290 other cash 295,563 23,196 52,247 25,345 36,052 15,320 20,547 34,265 20,302 7,914 8,053 .14,402 37,920 Total reserves 20,878,164 1212,030 7,013,314 1160,859 1,731,976 952,550 765,205 3,707,039 700,951 447,306 654,449 515,920 2,016,565 Bills discounted* Secured by U. S. Gov't obligations, direct and guaranteed 4,410 200 3,445 370 150 15 — -- 4455 — 114488 37 Other bills discounted 5,068 — 2,125 480 494 220 175 610 150 110 179 145 380 Total bills discounted 9,478 200 5,570 850 644 235 175 610 195 110 327 182 380 Industrial advances 14,513 447 621 5,068 828 694 431 108 61 377 1,662 131 4,035 U. S. Government securities, direct and guaranteed: Bonds 2,741,124 208,712 698,690 208,745 243,217 17^,587 129,505 336,868 130,845 74,188 134,710 111,575 284,482 Notes 1,335,964 101,723 340,527 101,740 118,540 87,527 63,119 164,180 63,771 36,155 65,656 54,377 138,649 Certificates 949,041 72,261 241,903 72,272 84,208 62,177 44,837 116,631 45,302 25,686 46,640 33,630 98,494 Bills 511,014 36,524 137,646 37,196 42,787 31,827 25,063 59,750 29,907 12,983 25,773 19,525 52,033 Total U.S. Gov't securitiesdirect and guaranteed 5,537,143 419,220 1,418,766 419,953 " 488,752- 36l>118 262,524 .677,429 • 269,825 149,012 272,779 224,107 573,658 Total bills and securities 5,561,134 419,8671,424,957 425,871 490,224 362,047 263,180 673,147 270,081 149,499 274,768 224,420 578,073 Mie from foreign banks 47 3 1/ 18 5 4 2 2 6 1 * .1 1 4 F. R. notes of other banks 48,970 1,194 1,918 1,755 2; 591 10,140 5,157 5,211 3,i£6 2,039 . 5,492 1,801 6,246 Uncollected items 1,829,804 160,757 400,421 126,544 247,852 137,343 89,890 242,182' 89,661 42,141- 71,912 ' 64,052 156,549 Bank premises 40,059 2,726 10,305 4,785 4,335 3,053 1,939 2,925 2,113 1,312 2,308 1,060 2,698 Other assets 81,900 5,734 20,328 '6,191 8,100 5,386 3,693 10,113 3,759 2,355 3,973 3,372 8,896 TOTAL ASSETS 23,440,078 1302,311 3£73,26l 1726,010 2,485,082 1471,021 1129,066 4,645,623 1063,9?2 644,652 1013,403 810^626 2,769,031 •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