H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F# 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning-, Jan* 29; of the Federal Reserve System not earlier• January 28, 19^3 CONDITION OF THE FEDERAL RESERVE.. BANKS During the week ended January 27 member. bank reserve balances increased $122,000,000* Additions, to member bank reserves arose from decreases of §252,000,000 in Treasury deposits with Federal Reserve Banks and $127 #000,000 in nonmember deposits and other Federal Reserve accounts, and an increase of $¿1.6,000,000 in Treasury currency., offset in part by decreases of $203 #000,000 in Reserve Bank credit and $11,000,000 in gold stock and increases of 38i4.,000,000 in money in circulation and $3*000,0ChD in Treasury cash* Excess reserves of member banks on January 27 wore, estimated to be approximatjly 32,090,000,000, an increase of §90,000,000 for the. week* The principal change in holdings of bills and securities was a decrease of $89,000,000 in United States Government securities, Bonds decreased $51**000,000, notes $2l;,000 ,000, and bills §lj.2 ,000,000, while certificates increased $31,000,000* Changes in member bank reserve balances and related items, during the week and the y^ar ended January 27# 19^4-3 * were ^s follows: Increase or decrease since Jan* 27, Jan. 20, J &3CÏ • 23,. 1943 191+3 191+2 (In millions-of dollars) Bills discounted 10 + 6 U. S. Government direct obligations 5,633 - 90 +3,W+’ U. S, Government guaranteed obligations '¿4.6 + 1 + 1+2 Industrial advances (not including 12 million commitments - January 27) 12 — 3 Other Reserve Bank credit 2br0 -115 + 157 Total Reserve Bank credit" 5,992 -20 3 +3,653 Gold stock 22 ,692 - 11 - 52 Treasury currency 3,793 + b6 + 537 Member bank reserve, balances 15,278 +122 + 203 Money in circulation 15,433 + 81+ +i+,3l+l Treasury cash 2,199 +. 3 + 3 Treasury deposits with F, R* Banks 12-2 -252 - 180 Nonmember deposits and other F!*R* accounts 1,1+39 -127 - 230 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F, B. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 27, Ì9I+3 (In thousands of dollars) i, I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. . Dallas San Fran. £. R~ notes in actual circulation 12,156,61+5 883,1+25 2,731,371 ‘ 8.5^,112: 1,1^2,-808 779,823 544,909 2,1+34,512 513,035 306,1+82 425,183 244,302 1 ,295,683 Deposits: iviember bank-resarve acct. 13,277,860 672,744 4,803,158 ‘ 6.96,025 1,076,027 543,698 508,951 1,960,817 450,491 278,190 504,605 485,351 1,297,803 U.S.Treasurer-general acct. 122,352 1+2 lli+,302 ' 613 575 618 507 759 538 524 674 267 2,433 Foreign 793,-661 23,6331^71,065 66,111 04,023 29,924 24,357 84,900. 20,877 15,310 19,485 20,877 53,099 other 387,564'- 5,681 211,219 9,762 61,-242 9,045 5,499 6,728 13,029 13,483 3,24l 3,241 45,394 Total deposits 14,581,437 702,100 5,500,241+ 772,511 1,201,867 583,285 539,314 2,053,204 ; 484,935 307,507 528,005 509,736 1,398,729 Deferred availability items 1*078,343 93,219 234,949 72,512 137,644 81,561 46,206 153,190 53,489 21,767 47,154 36,158 95,494 Other liabilities including . accrued dividends 3,833 527 ...........533 • 547 337 399 195 478 ................135 165 182 154 131 TOTAL LIABILITIES 27,820,258 1684,271 3,467,597 1699,682 2,482,706 iLJ+5,068 1130,624 4,641,384 1051,594 635,921 1000,524 790,850 2,790,037 Capital accounts ■’ Capital paid in 146,765 9,523 53,680 11,739 15,206 5,920 5,232 16,386 4,573 3,151 4,775 4,475 12,100 Surplus (Section 7) 160,411 11,160 ' 58,001 15,670 14,767 5,236 5,725 22,925 4,966 3,221 3,613 4,083 11,044 Surplus (Section 13b) 26,829 2,8?4 7,070 4,393 1,0c 7 3,244 717 1,429 530 1,000 1,137 1,307 2,121 Other capital accounts 52,010 2,887 14,249 3,363 4,952 2,348 2,421 9,204 2,195 2,659 2,321 2,059 3,352 TOTAL LLxBILITIES AMD CAPITAL ACCOUNTS 28,206,273 1710,715 8,600,597 1734,847. 2,518,638 l46l,8l6 1144,719 4,691,328 1063,863 645,952 1012,370 802,774 2,818,654 Commitments to m&ke industrial advances 12,170 119 211 1,596 330 1,006 118 -- 1,633 — 2,296 — 4,86l F. R# notes outstanding 12,710,200; 914,462 2,891.,486 §76,259 1,176,706 826,867 591,397 2,471,428 541,321. 313,510. 440,031 279,843 1,386 ,885 Collateral for F.R.notes • * held by F.it. agents: Gold certificates 12,1+74,000 868,000 2,915,000 795,000 1,180,000 727,000 565,000 2,500,000 480,000 315,000 44o,000 285,000 1,404,000 Eligible paper 5,815 ; .810 4,830 Ì15 — 35 — -- — -- 25 — - - U.S. Govft securities 385,000 50,000 100,000 —— 125,000 30,000 —' mt 75,000 — 5,000 — — I MATURITY DISTRIBUTION DB BILLS AND SECURITIES Within 16 to 31 to ol days to 91 days to 6 months 1 to z 2 to 5 Over Total. 15 days 30 days 60 days 90. days 6 months to 1 ysar years years 5 years Bills discounted 10,598 5*49.8 1 2,351 2,528 18 2 — ____ ____ Industrial advances 11,906 ■7,516 304 273 -953 588 865 U. S. Government securities, 1 0 5 direct and guaranteed 5,729,476 564,882 76,127 293 ,060 86 *605 353*582 61+2,100 241,575 JL ,292 ,534 2,178,811 1/ After deducting $421,924,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Farm F. k, 28 3a Released for publication Friday monring, January 29, _ 1943» n°t earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE B.iNKS COMBINED (In thousands of dollars) Increase or decrease since Jan. 27, Jan. 20, Jan, 23, 19U3 1943 1942 A S S E T S Gold certificates on hand and due from U. S, Treasury 2-0,493., 2 79 - 5,002 - 28,737 Redemption fund - F. K. notes 33,980 + 1,775 +'21,785 Other cash 424,309 - 4,299 +■ 52,854 Total reserves 20,951,568 - 7,526 +' 45,902 Bills discounted;- - Secured by U, Sf Govft obligations, direct and guaranteed 6,365 - 835' + 3,277 Other bills di3counted 4,033 + 996 +■ 3,176 Total bills’discounted 10,398 + 161 + 6,453 Industrial advances 11,906 - 567 + 2,882 U. S* Government securities, direct and guaranteed: Bonds ‘ 2,717,788 -54,267 +1,167,633 Notes 1,321,314 -23,745' +o28,8l4 Certificates 1,079,400 +31,400 +1,079,400 Bills ' 610,974 -4i,844 + 610,974 Total U, S, Government securities, 'direct and guaranteed 5,729,476 -88,456 +3,486,821 Total bills and securities 5,751,780 -88,862 +3,496,156 Due from foreign banks 47 F. R# notes of other banks 52,499 t.6,918- .+ 20,596 Uncollected items 1,318,162 -139,607 +323,525 Bank premises 39,256 14 - 1,503 Other assets 92,961 183 + 46,775 TOT^L ASSETS 28,206,273 -243,110 +3,931,451 L I A B I L I T I E S F. R, notes in actual circulation 12,156,645 +38,351 +3,926,520 Depositsi Member bank-reserve account 13,277,860 +121,577 + 203,252 U* S. Treasurer-general account 122,352 -251,389 - 179,797 Foreign 793,661 - 42,379 + 77,601 Other 387,564 r 86,952 - 275,561 Total deposits 14,581,437 -259,143 - 174,505 Deferred availability items 1,078,343 - 24,628 + 166,622 Other liabilities including accrued dividends 3,833 + *188 + 981 TOTAL LIABILITIES 27,820,258 -245,232 +3,919,618 C A P I T A L A C C O UNT S Capital paid in •146,765 87 + 3,863 Surplus (Section 7) 160,4ll + 2,909 Surplus (Section 13b) 26,829 + 48 Other capital accounts 52,010 + 2,035 + 5,013 TOTxiL LIABILITIES AND CAPITAL ACCOUNTS '28,206,273 -243,110' +3,931,451 Ratio of total reserves to deposit and F. R. note liabilities combined 7d.k% + •!% - 12,5# Commitments to make industrial advances 12,170 + [+96 2,102 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form E, R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 27, I9U3 ( Th'thousands of dollars) A S S E T S 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* 8. Treasury 20,493-,279 1116,849 6,704,608 1171,729 1,757,071 973,331 796,179 3,593,884 682,767 433,302 668,239 521,144 2,071.'- ,176 Redemption fund - F.R.notes 33*^80 ■ 2,953 1,416 5,298 918 ' 7,472 1,666 1,186 4,123 177 302 516 8,155 Other cash 424,309 40 ,*374 95,953 26,982 55,068 23,973 27,687 47,013 21,556 9,391 12,306 15,547 45,459 Total’ reserves .20,951,568 1160,176 6,801,977 1204,009 1,813,057 1004,776 825,532 3,642,083 708,446 442,870 680,347 557,007 2,150,788 Bills- discounted* Secured by U#S. Gov1t obligations, direct and guaranteed 6,365 810 4,630 115 540 35 -- — 25 — 10 Other bills discounted 4,033 — 1,708 380 4oi 172 140 488 120 88 112 120 504 Total bills discounted 10,398 810 6,533 495 94i 207 140 483 120 88 137 120 514 Industrial advances 11,906 •457 611 4,488 850 675 465 105 7 368 730 29 5,071 U„ £>* Government securities, direct and guaranteed! Bonds 2,717,788 200,530 726,541 214,330 257,364 164,836 121,727 334,823 130,076 79,561 129,134 106,567 252,249 Notes 1,321,314 97,491 353,224 104,201 125,121 80,140 59,1JO 162,781 63,242 38,682 62,808 SI ,808 122,656 Certificates 1,079,400 79,643 283,554 85,124 102,215 65,467 48,345 132,979 51,661 31,593 51,507 42,524 100,185 Bills .610,974 - 35,058 ' 101,513 •30,905 28,276 28,028 • 18,652 . 225,554 38,313 15,737 19,291 . 11,693 59,929 Total U.S# Govrt securities, direct and guaranteed- 5,729,476 412,722'1,469',837 434,560 5l2,976 338,471* 247,904 ■ 854,r3r26.3^97 165,578 262-,590- 212,597-- 535,007 Total bills and securities 5,751,780 415,989 1,476,986 439,545 514,767 359,355 248,509 854,759 283,424 160,034 265,507 212,546 538,392 Due from foreign banks 47 5 i/l8 5 ' 4' 2 2 6 1 * 1 l' 4 F*-R*r notes of other banks ■52,499' 971 5,779 1,250 1,482 17', 190 -4,294 4,516 :2,924 1,518 6,551. . 1,462 6,982 Uncollected items 1,518,162 126,434 284,122 77,918 175,358 -91,727 60,636 176,065 62,531 31,533 54,097 46,930 150,615 Bank premises 59,256 2,722 9,325 4,755 4,317 5,o4o 1,722 2,9li '2,110 1,509 2,802 1,054' 2,691 Other assets 92,961 6,570 23,892 7,587 9,653 5,728 . • 5,974 * 1-1,219 * 4,427 2.,d58 4,565 5,724 ■ 9,184 ^ * TOTAL ASSETS 28,206,2731,710,715 6,600,597 1734,847 2,518,638.1461,81-6 1144,719 4,691,328 1063,863 645 »952 1012,370 802,774 2,318,654 *Less than $500. l/A fter.deducting $29,000. participations of other Federal Reserve ¿anks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis