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, Jan* 1 of the Federal Reserve System not earlier. December 31, 19i*2 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December-30.member bapk reserve balances decreased $3^1*000,000. Reductions in number bank reserves arose from increases of $31i*,000,000 in Treasury deposits with Federal Reserve Banks, $78,000,000 in money in circulation, $12,000,000 iri -Treasury cash and $122,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $9,000,000 in, gold stock, offset in part by increases of $136,000,00$ in Reserve Bank'credit and $59,000,000 in Treasury currency. Excess reserves of member banks on December 3.0 were estimated.to be approximately $1,660,000,000, a decrease of $530,000,000 for the week* The principal change in holdings of bills and securities was an increase of $362,000,000 in United States Government securities. Bonds increased $13,000,000, notes $8,000,000, certificates $77,000,000 and bills $26ti,000,000. Changes'in member bank-reserve balances and related items daring the week and the year ended December 3-0, 191*2, were as follows: Increase' or decrease since Deo, 30, Dec* 23, Dec. 31, I9ijg I9l£ I9hl (In millions of dollars) Bills discounted 5 - 5 +2 U. Government direct obligations 5,953 + 359 U. S Government, guaranteed obligations •36 t 3 . + 31 # Industrial advances (not including 11 million commitments - December 30) * iU h - • Other Reserve Bank credit 421 -220 + 327 • %* Total Reserve Bank credit 6,1*28 +136 +I*,067 Gold stock 22,726 - 9 - 11 Treasury currency 3,628 * 59 * 381 Member bank reserve balances. 12,788 -3l*l + 338 Money in circulation 15fU07 + 78 +h$2h7 2 1 Trea'sury cash - $9h + 12 21 Treasury deposits with F. R. Banks 811 +3l!± - 56' Nonmember deposits and other F. R. accounts 1#581 +122 - 70 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 DECEMBER 30,. 1942 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chipago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actucl circulation 12,188,222 883,192 2,794,144 850,168 1,135,447 789,520 546,636 2,417,529 514,032 302,103 427,410 249,994 1,278,047 Deposits: Member bank-reserve acct.12,788,013 668,975 4,898,711 651,901 907,029 497,561 464,649 1>838,462 442,491 270,441 489,636 451,563 1,206,594 U.S»Treasurer-gefteral acct. 811,335 83,532 141,084 24,899 119,490 38,981 28,399 113,336 55,565 38,153 37,764 33,288 96,844 Foreign 806,242 24,117 1/376,083 67,757 64,934 31,055 24,703 86,107 21,174 15,528 20,468 20,468 53,848 Other 509,247 7*209 308,302 15,763 81,532 9,389 6,601 4,082 15,334 12,154 3,900 3,149 41,832 Total deposits 14,914,837 733,833 5,724,180 .760,320 1,172,985 576,986 524,352 2/041,987 534,564 336,276 551,768 508,468 1,399, H8 Deferred availability items 1,272,105 117,^4 303,123 80,.848 156,553 101,234 53,725 192,885 59,517 23,930 45,732 37,437 99,427 accrued dividends 3,069 789 1,991 1,212 660 511 350 822 204 170 581 333 446 TOTAL LIABILITIES 28,383,233 1785,508 8,823,438 1692,548 2,465,645 1468,251 1125,063 4,653,223 1108,317 662,479 1025,491 796,232 2,777,-038 CJIPITXIL ACCOUNTS Capital paid in 146,031 9,489 53,653 11,747 14,878 5,885 5,190 16,306 4,549 3,077 4,726 4,450 12,081 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 55,889 3,043 15,898 3*920 5,4oo 2,422 2,653 9,251 2,322 2,731 2,304 2,200 3,745 TOTXIL LIABILITIES AND CAPITAL ACCOUNTS 23,769,436 1811,863 8,956,710 1727,779 2,501,276 1485,038 1139,344 4,703,134 1120,684 672,439 1037,271 308,121 2,305,777 Commitments to make industrial advances 10,746 1432 261 1,398 387 1,108 135 — 1,687: — . 1,736 — 3,892 F. R. notes outstanding 12,659,321 904,224 2,903,017 873,420 1,173,319 324,993 580,704 2,470,616 541,663.' 308,172 441,945 277,216 1,359,947 Collateral for F.R.notes held by F.R.Agentsj Gold certificates 12,457,000 '838,000 2,915,000 795,000 1,180,000 727,000 555,000 2,500,000 430,000 310,000 440,000 233,000 1,334,000 Eligible paper 31,690 1,315 140 — 125 30,000- 45 65 U.S.Gov't securities 325,000 20,000 100,000 — 125,000 75,ooo 5,000 MATURITY DISTRIBUTION OF BILLS VND SECIIRITIES 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 3ills discounted 2 4,758 2,975 25 31 1,694 31 T" Industrial advances 13,999; 3,564 515 253 1,621 383 1,303 994 361 U. S. Government securities, direct and guaranteed 2,254,266 5,988,90-17 94,623 . 184,595 640,131 279,778- 271,565 614,700 241,575 1,407,674 l/ After deducting participations of other Federal Reserve Banks. $429,034,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

'Form F. .R. 283a n0 Released for publication Friday morning, January 1,1943-, "t earlier, .. STATEMENT OF CONDITIO!! OF THE* TWELVE FSDERaL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Dec. 30, Dec. 23, Dec. 31, 19^2 ' 1942 " 1941 A 8 - S E T S Gold certificates ori hand and due from U. S* Treasury 20,523,281 - 16,371 + 33,266 Redemption fund k notes ; 3l,56i 161 + 17,393 # Other cash . • .333,7.71 + 9,383 + 73,093 Total reserves 20,888,613 ' - 7,149 + 124,252 Bills discounted:• Secured by 0. S Gov't obligations, # direct and guaranteed 2,210 - ' 3,218 + 442 Other bills discounted 2,548 - ' 2,518 + 1,361 Total bills discounted 4,758 - 5,736 + 1,803 Industrial advanc.es 1133..999999 9944 ++ 44,,449955 U S. Government securities. # direct and guaranteed: 3onds 2,789,331 + 13,620 . +1,322,526 jvotes 1,344,059 + 7,845 + 566,759 Certificates 1,033,000 + 77,018 +1,033,000 Bills 822,517 +263,527 + 812,147 t Total U,S* Government securities, • diroct and .guaranteed .5,988,907 +362,010 +3,73li,432 Total bills and securities 6,007,664 +356,180 +3,740,730 Due from foreign banks • J '47 k. notes of other banks • 52,058 + 513 + 15,771 Uncollected items 1,692*705 - 51,442 + 491,981 Bank premises. .39,985 ,38 - '782 Other assets .88,364 + 3,453 + 44,64o TOTAL ASSETS 28,769,436 +301,517 +4,416,592 L I A B I L I T I ES F. k. notes* i'n actual circulation 12,188,222 +-33,316 +3,996,053 Deposits: Member bank - reserve account 12,,788,013' -340,932 + 337,680 U Treasurer-general account 811,335 +314,281 - 56,158 # Foreign • 806,-242:- + 11,200 32,180 Other" 509,247 +112,820 - 76,923 Tot *1 deposits 14,914,837-' + 97,369 + 236,779 Deferred uvailabiiity items 1,272.105 +168,764 +. 165,176 Other liabilities including • r accrued dividends 8., 069 + 1,474 + 5.874 TOTiiL, LIABILITIES 28,383,233 +300,923 +4,403,882 C A P I T AL A C C O U N TS Capital paid in 146;031 4 • 32 ; '+ ' 3,851 Sur^I-dr ('Section 7) 157,502 -- + 1 Suir^luf (Section 13b) 26,731 -- + • 1 OtJhui capital accojmts 55>889 + 562 < + 8; 857 ?T0TAL LIABILITIES AND CAPITAL ACCOUNTS 28,769x436 +301,517 +4,1116,592 Kvatio of totul reserves to deposit and F, k. note liabilities combined 77.195 .Wo - 13.7% - Commitments *t o make industrial advances 10,746 104 3,851 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 GK DECEMBER 30, 1942 (In thousands of dollars) a S S E T S Total Boston New York Phila. Cleve. Bich» Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 20,523,281 :1 166,412 6,837,987 1144,486 3L , 714,287 940,184 766,829 3 ,617,866 722,229 470,583 669,954 505,258 1,967,206 Redemption fund -F.R.notes 31,561 1,206 1,569 5,771 1,204 6,123 1,888 1,475 4,210 210 364 371 7,170 Other cash • 333,771 32,879 68,043 21,165 43,356 17,440 21,751 38 ,.117 19,398 8,113 12,017 17,238 " 34,254 Total reserves 20,888,613 :1 200,497 6,907,599 1171,422 ]L ,758>847 963,747 790,468 3- ,657,458 745,837 478,906 682,335 522,867 :2 ,008,630 ; Bills discounted: 1 Secured by U S Gov1 obligations, # # direct and guaranteed 2,210 320 1,315 140 190 125 — r- 45' — 65 10 Other bills discounted 2,548 — 1,062 240 278 110 88 305 75 55 72 190 Total bills discounted 4,758 320 2,377 380 468 235 88 305 120 55 137 200 Industrial advances 13,999 450- 611 5,002 820 677 504 110 61 359 1,340 31 4,034 U.S. Government securities, direct and guaranteed: Bonds" 2,789,331 212,268 712,209 212,636 247,891 192,3*3 151,601 342,463 133,082 75,616 137,028 113,453 ^88,771 Notes 1,344,059 102,282 343,180 102,463 119,446 87,851 63,412 165,018 64,127 36,436 66,032 54,668 139,144 Certificates 1,033,000 78,611 263,759 78,748 91,804 67,518 48,737 126,828 49,285 28,004 50,747 42,016 106,943 Bills 822,517 44,396 304,459 3<7»668 41,527 32,044 22,638 182,275 40,135 13,669 29,433 16,930 57,343 Total U. S. gov't securities, SIFect and guaranteed 5,938,907 437,557 1,623,607 431,515 500/668 • 369,726 266,388 816,584 286,629 153,725 283,240 227,067 592,201 Total bills and securities .6,007,6*4 438,327 1,626,595 436,897 501,956 370,638 266,980 .816,999 286,810 154,139 284,717 227,171 596,435 * Due from foreign bonks 47 3 . 1/ 18 5 4 2 2 6 1 l 1 4 F. R. notes of other banks 52,058 946 4,804 2,519 2,629' 10,294 •5,053 • 6,241 3,325 1,9.41 5,323. 2,286 6,697 Uncollected items 1,692,705 163,243 385,466 104,956 225,152 131,509 70,903 208,626 78,558 33,666 57,747. 51,191 181,688 Bank presses 39,985. ^2,722 10,305 4,755 4,326 3,046 1,936 2,917 2,110 1,309 2,808 1,060 2,691 5,802 4,002 Other assets 88,364 6,125 21,923 7,225 8,362 10,887 4,043 2,473 4,340 3,545 . 9,632 TOTAL ASSETS 28,769,43.6 1811,863 8,956,710 1727,779 2,501,276 1485,03810.39,344 4,703,1341120,684 672,439 1037,271 808,121 2,805,777 •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