H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form P. R 283 # STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Jan. 15; of the Federal Reserve System not earlier. January Ik, ljlfi. CONDITION OF THE FEDERAL RESERVE BA1IKS During the week ended January 13 member bank reserve balances decreased $185,000,000. Reductions in member bank reserves arose from increases of $56,000,000 in Treasury deposits with Federal, Reserve.Banks.and $135,000,000 in k nonmember deposits and other Federal Reserve accounts, and a decrease of $lOli ,000,000 in Reserve Bank credit, offset in part by an increase of $37*000,000 in Treasury currency and decreases of $71,000,000 in money in circulation and $2,.0Q0,P00^ in Treasury cash. Excess reserves of member banks on January 13 were estimated to be approximately $2,150,000,000, a decrease of $180,000,000 for the week. The principal change in holdings of bills and securities was a decrease of $57,000,000 in United States Government securities. Bonds decreased $1^,000,000 and bills $53,000,000. ' ' ' Changes in member bank reserve balances and related items during the week and the year ended January 13, I9ll3# were as follows: Increase or decrease since Jan. 13, Jan. 6, Jan. lit, I9h3 19U3 191+2 (In millions of dollars) Bills discounted , 7 3 + 3 U. S. Government direct obligations. 5*935 - 60 +3> 686 U # S. Government guaranteed obligations 4O + 3 + 35 Industrial advances (not including 11 million commitments - January 13) 13 + l + 3 Oth^r Reserve Bank credit 279 - 50 + 156 Total Reserve Bank credit 6,2% -lolj +3,88l| Gold stock 22,712 . -- - 28 Treasury currency 3,697 • 37 + hh5 Member bank reserve balances 13,279 -185 + 287 Money in circulation 15,322 - 71 +1[,260 Treasury cash 2,190 - 2 - 3l± Treasury deposits w th F. R. Banks 329 + 56 90 Nonmember deposits and other F R.accounts 1,563 +135 - 123 # 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 JANUARY 13, l$h3 (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 circulation 12,109,279 870,9IU 2,750,832 81*5,829 1,13!*,858 779.309 51+1,598 2,l*il*,637 510,835 30l*,733 1+25,663 21*6,1*1*6 1,283,625 Deposits* Heifer bank-reserve acct. 13,279,089 673*707 h, 975,792 672,067 1,011,855 527,368 50l+*360 1,928,21*5 1*51,1+16 272, 563 . 1*89,028 500. 33k 1,272, 3l*9 U.S.Treasurer-general acct. 328,736 l6-;352 79,616 22,392 27,269 18,215 12,-173 68,1*67 11,690 12,239 ll+,007 10,362 3?.- Foreign 829,1*35 21*,936 l/385>852 69,375 67,181* 31,1+01 25,559 89,092 21,908 16,066 20.1*1*7 2 1,908 55: 707 Other 1*78,376 6,21*6 295,618 7,02o 61*,200 10,715 3,1+1+6 2,739 H+,526 11,1*63 1,250 1*9,902 Total deposits ll*,915*636 721,21*1 5,736,878 771,351+ 1,170,508 587,699 51+5,538 2,088,51+3 1+99*51+0 312,386 531,733 7,1*13 "362 536,851; Deferred availability items 1,123,899 103*268 21*1*,6ll* 68,658 116,771 90,522 52,529 173,588 55,871 23,315 55,9oh 39,597 10l*,203 Other liabilities including accrued dividends 1*,008 550 571 318 33l* 330 152 553 111 301 . l*9l* 86_ 153_ TOT^L LIABILITIES 28,157,822 16?5,973 8,732^ 5 1686,159 2,1*22,1*71 11*57,910 1139,816 1*,677,326 1066,357 61*0,735 1013,851; 822,9932 ,801,31+3 CAPITAL ACCOUNTS Capital paid in 11*6,1*71 9*518 53,667 n,7l*3 15,U+1+ 5*899 5,207 16,358 l+*5 55 3,038 1+.733 l*,l*6o 12,095 Surplus (Section 7) 160-,i*ii 11,160 58,001 15,670 11*, 767 5,236 5,725 22,925 1*,966 3,221 3,613 1*,033 11,01*1* Surplus (Section 13b) 26,829 2 >.071* 7,070 l+*393 1,007 3,21*1* 717 1,1+29 530 1,000 1,137 1,307 2,121 Other capital accounts 119,052 2,656 13,3U9 3,H5 1*,678 2,179 2,301* 3,352 2,121 2,563 2,168 i,9U8 3,H9 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 28,51+0^585 1 722,181 8,861*,982 1721,080 2,1*53,067 : 11*71+,1*68 1153*769 U,726,890 1073,533 ^0,607 1025,5058 3l+,73l 2,329,722 ommitmonts to make industrial advances 3,336 11,198. 119 ' 261 1,1*91 357 1/007 118 — 1,633 — 2,326 F.k. notes outstanding 277,71+9 1,378*693 12,687,652 909,570 2,895,717 87li,332 1,176,178 831,183 580,362 2,1*71,066 %1,1*1*1* 312,130 1*38,728 Collateral for F.R.notes held by F.R. Agents: Gold certificates 12,1*63,000 363,000 2,915,000 795,000 1,130,000 727,000 555,ooo 2,500,000 1*30,000 315,000 1*1*0,000 231*,000 l,l*0i*,000 Eligible paper .2,900 11*0 2,605 70 — . 35 — — — — 50 U.S»Gov't securities 335,000 50,000 100,000 — 125,000 30,000 — 75,ooo — 5,000 MATURITY DISTRIBUTION OF BILLS iiND SECURITIES Mthin 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 Bills discounted 6,987 3,669 30 l,5i+9 1,719 18 ~~ 2 Industrial advances 13,030 8,1*01 558 83 966 59^ 1,389 933 106 U. S. Government securities, 21*1,575 2,257,966 direct and guaranteed 5,975,11*1 155,21*9 532,793 262,377 251*,332 250,875 611*,700 i,l*ol*,77l* l/After deducting $1*1*2,037,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F* K. 233,a Released for publication Friday morning, January 15, 1943; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BAHKS COMBINED (In thousands of dollars) Increase or decrease since Jan. 13, Jan, 6, Jan ll;, # 19U5 191*3 1942 A S S K T S Gold certificates on hand and due from U. 8. Treasury 20,510,232 996 + 22,267 Redemption fund - F.k. notes 31,61*5 - 603 13,209 Other cash Uoii,205 + 44,054 + 66,552 Total reserves • 20 >91+6,132 + 1+2,1*55 + 107,028 Bills discounted: Secured by U.S Gov't obligations, # direct and guaranteed 2,950 + 1,005 + 443322 Other bills discounted U,037 + 1.1*97 2,973 Total bills discounted 6,9*" 7 + 2,502 + 3,405 Industrial advances 13,030 771199 + 3,518 U. S* Government securities, direct and guaranteed: Bonds 2,739,131 • 3,1*50 +1,322,326 Notes 1,3^5,059 + — 567,759 Certificates i,oUi,ooo +i,oUiooo — f Bills 799,951 - 53,579 + 739,531 Total U S, Government securities, t direct and guaranteed 5,975,lUl - 57,029 +3,720,666 Total bills und securities 5,995,150 - 53,303 +3 ,727,589 Due? from foreign banks hi „ «... F. R, notes of other banks ' '60,667 + 133 + 23,450 Uncollected items 1,1*07,1*92 - 58,879 + 197,332 Bank premises 39,279 — - 1,513 Other assets 91,810 + 1,791 + 46,376 TOTAL aSSETS 23,5U0,535 100,262 - 68,303 L I A B I L I T I ES F. R. notes in actual circulation 12,109,279 6Q.m +3,938,695 Deposits t Member bank-reserve account 13,279,039 + 237,507 U. S, Treasurer-general account 323,736 + 55,679 - 39,873 Foreign 329,435 + 26,829 + 74,619 Other 473,376 . +108,5^3 - .161,780 Total deposits lh,915,636 + 6,itl2 + 110,473 Deferred availability items 1,123,399 • 3,424 + 41,507 Other liabilities including accrued dividends ' • 4,003 ' 807 + 329 TOTaL LLiBILITI2S 23,157,322 69,383 +4,091,504 C A P I T AL AC C O O N TS Capital paid in 146,471 + lii.2 + 3.691 Surplus (Section 7) 160,Uli — + 2,909 Surplus (Section ljb) 26,829 -- + 49 Othor capital accounts 19,052 + 933 + 2,109 TOTAL LIABILITIES AMD GAPI'L.L ACCOUNTS 23,540,535 - 68,303 +4,100,262 Ratio of total reserves to deposit and F. k, note liabilities combined 77.54 + .3% - 13.295 Commitments to make industrial advances 11,193 3,229 - 695 - 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 JANUARY 13, 1943 (In thousands of dollars) A S S E TS Total Boston New York Phila. C1eve. . Rich. Atlanta Chicago St.Louis liinn. Kans.Cy. Dallas 1S an Fran. Gold certificates on hand and due from U # S # Treasury 20,51Q : ,282 1109,878 6,851,052 1138,119 1,703,018 973,525 793,667 3,517,473 >693,610 439,3£9 656,o£5 5£O,2-66 2,094,280 Redemption fund - F # It.notes 31, 1,079 1,927 5,527 1,062 •6,818 1,776 1,335 4,170 19U 336 ' 344 7,077 Other cash 4o,415 79,748 25,208 56,236 22,945 29,100 45,506 ' 21,559 3,971 14,447 17,021 43,049 Total reserves 20,9^6,132 1151,372 6,932,727 1168,854 1 ,760,316 1003,288 824,543 3*564,314 719,339 448,514 670,828 557,631 2,144,406 Bills discounted: Secured by U*S* Gov't obligations, 50 dircct and guaranteed; 2,950 1U0 2,605 70 40 35 — — — — 10 Other bills discounted U,037 mrn mm 1,708 380 405 172 • i4o 438 120 88 112 120 304 Total bills discounted 6,987 1U0 4,313 450 445 207 140 488 120 88 162 120 3i£ Industrial advances 13,030 h72 611 4,530 811 676 473 263 7 377 750 29 £,031 U. S Government securities, # direct and guaranteed: 132,609 109,309 258,229 3onds 2,789,131 205,741 747,294 220,216 264,482 168,620 124,727 342,840 133,331 31,733 Notes . 1,31*5*059 99,218 360,382 106,I99 127,546 81,316 60,150 165,333 64,301 39,£20 63,951 52,712 124,531 Certificates i„oia,ooo 76,789 273,916 82,192 98,714 62,935 46,553 127,960 49,764 30,505 49,£9£ 40,793 96,330 23,021 Bills 799,951 £6,613 19U.H2 43,798" 46,894 30,9H 22,2a3 234,869 36,742 12,87£ 16,549 41,345 Total U,S 'Gov't securities, # direct and guaranteed 5,975, lU 428,361 1,580,704, 452,405 537,636 343,732 25.3,653 921,002 '234; 158 164,532" 269,075-219,368 • 520,485 * Total bills and securities 5,995,158 £28,973 1,^85,623 457,385 538,892 3££,665 254,266 921,753 234*265 1.64,997 269,987 219,517 524,830 Due from foreign banks hi 3 1/ " 18 5 4 ^ 2' "2 / 6 • • • l * l l 4 notes of other banks 60,667 1,488 "£,595 1,602 2,546 15,271 5,659 5,891 3,329 1,910 6,£44 2,496 9,£36 Uncollected items 1,407,492 131,381 308,212 31,320 142,574 102,603 63,641 220,791 65,116 31,109 70,973 50,516 139,256 Bank premises 39*279 2,722 9,823 4,755 4,326 3,o46 1,726 2,917 2,110 1,309 2,^02 1,052 2,6?l Other assets 91,810 6,242 23,979 7,159 9,£.09' 5,593 3,932 11,218 ' 4,373- 2,768 4,470 3,568 9,099 TOTAL ASSETS 28,51*0,585' 1722,181 8,864,982.1721,080 2,1*58,0.67 1474,4631153,769 £^6,890 1078,533 650,607 1025,505 8314,781 2,829,722 •Less than $500. l/ After deducting $29,000 participations of other Federal Jteserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis