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, Feb. 12; of the Federal Reserve System not earlier, February 11, I9Í+3 CONDITION OF THE FEDERAL RESERVE -BANKS During the week ended February 10 member bank reserve balances decreased $195»000,000. Reductions, in member bank reserves arose from increases of $157*000,000 in money in circulation, $231,000,000'in i’reasury deposits with Federal Reserve Banks, $9,000,000 in Treasury cash, and $59,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $15,000,000 in gold stock, offset in part by increases of $217,000,000 in Reserve Bank credit and $39,000,000 in Treasury currency. Excess reserves of member banks on February 10 were estimated to be approximately $1,61*0,000',000, a decrease of $00,000,000 for the week. The principal change in holdings of bills and securities was an increase of $21+1+,000,000 in United States Government securities. Bills increased 1398,000,000, while bonds decreased $65,000,000, notes $^2,000,000, and certifi­ cates $1+7,000,000, Changes in member bank reserve balances and related items during the week and the year ended February 10, 191+3» were as follows: Increase or decrease silice Feb, 10, Feb. 3, Feb. 11, 19¿*3 ,191*3 191*2 ( In millions of dollars) Bills discounted. + h + 10 U* S. Government direct obligations 5, ¿>70 +21+6 - +3,1*31 U, S. Government guaranteed obligations b9 - 2 + 1+5 Industrial advances (not including 11 million commitments - February 10) ili — + 5 Other Reserve -Bank credit 23 6 _ 33 + 159 Total Reserve Bank credit 5,983 +217 +3,652 'Gold stock' 22,61+8. - 15 - 93 Treasury ourrency 3,885 + 39 + 622 l&ember bank reserve balances 12,7^7 -195 - 158 Money in circulation .15,803 +.137 . +1*» 1*81* Treasury cash 2,209 + 9 + 15 Treasury deposits with F, R. Banks 280 +231 - *39 Nonmember deposits and other F. R. accounts 1,1*77 + 59 - 121 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 FEBRUARY 10, 191*3 (In thousands of dollars) L I A B I L I T Y E s. Total Boston New York Phila. Cleve* Rich. Atlanta Chicago St.Louis Minn.. Kans.Cy. Dallas San Fran. F* R. notes in actual cir­ culation 12,396*?9l 903,964 2,761^094 872,430 1,156,027 797,855 566,372 2,472,023 523,631 311.862 435,575 259,772 1,336,186 Deposits : Member bank-reserve acct. 12,7l|6,877 618,102 1+, 574,416 663,880' 1,016,543 524,299 508,905 1,880,358 449,964 263,592 512,806 474,878 1,259,134 U.S.Treasurer-general acct. 280,343 15,956 116,813 9,787 19,858 17,762 14,054 22,630 12,316 10,470 12,585 13,349 14,263 Foreign 805,906 23,118 1/373,392 67,007 6UÎ89I 30,330 24,687 36,051 21,160 15,517 19,749 -21,160 53,844 Other 1+07,051 3,804 250,258 6,764 57,182 10,£68 4,471 2,747 12,685 10,559 7,154 3,230 37,929 Total deposits ll*,2i|0,177- 660,980 5,319,879 747,433 1>158,474 582,659 552,117 1,991,786 496,625 300,138 552,294 512,617 1,365,170 Deferred availability items 991.400 92,030 212,511 63,131 106,305 78,742 45,549 145,309 50*367 19,404 47,805 39,832 39,355 Other liabilities including accrued dividends 4,147 583 737 372 393 390 180 653 138 167 227 95 212 TOT.vL LIABILITIES ' 2q,632,515 1657,557 3,251+,221 1683,371 2^21,¿99 11+59.61+6 1164,218 4,609,771 1070,761 031*631 1035,901 812,316 2,791,1+23 CAPITAL ACCOUNTS Capital paid in 146,772 9,523 53,685 , 11,687 15,216 5,927 5,238 16,387 4,583 3,158 4,787 4,475 12,106 Surplus (Section 7) 160,411 11,160 53,001 15,670 14,767 5,236 5,725' 22,925 4,966 3,-221 3,613 4,083 il,o44 Surplus (Section IJ/b) 26,829, 2,874 . 7,070 4,393 1,007 3,244 717 1,429 530 1,000 1,137 1,307 2,121 Other capital accounts 56,909 3,206 15,610 3,761 5,425 2,635 2,629 9,741 2,1+86 2,802 2,560 2,257 3,797 TOTAL LIABILITIES- AND ' ' “ ! ~ ' CAPITAL nCCuUNTS 28,023,1+36 1634,320 8,1+28,587 1713,882 2,1+58,111+ 11+76,688 1178 , 527 4, 660,253 1083,326 61+1,812 101+7,998 82l+,438 2,820,1+91 Commitments to make industrial » advances 10,61? 114 39 1,1+i+l 515 1,005 , 118 — 1,627 1.546 ~ 4,212 I’. R. notes outstanding 12,861,069 93.1,794 2,892,81+3 889,909 1,188,577 834,416 602,722 2,51I+, 1+12 51+6,895 318,827 1+1+7,429 281,1+31 1,411,314 Collateral for F.R.notes held by F.R. Agentss Gold certificates 12,589,000 -896,000 2,915,000 795,000 1,190,000 727,000 575,000 2,530,000 1+80,000 320,000 1+50,000 287,000 1,1+21+,000 Eligible paper 8,665 8,440 200 25 • — — — U. S. Gov*t securities 395,000 50,000 1 1 *r\ O O ,000 125,000 30,000 85,000 .5,000 — MATURITY DISTRIBUTION''OF BILLS *KD SECURITIES 7» i thin 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 yeaç jçears years 5 years Bills discounted 13,358 ,3,903 5,389 2,-776 1,274 16 •- — Industrial advances 14,087 8,537 388 235 1,690 1,056 1,21|2 837 102 — U. S. Government securities, direct and guaranteed 5,718,931 182,177 222,665 407,742 479.114 565,452 1|03,300 21*1,575 1,212,905 2,00i|,001 l / After deducting $+26,625,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

fform F. R, 263a Released for publication Friday morning, February 12, I9u3r£°t earlier* STATEMENT OF .CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Fob. 10, Feb. 3, Feb. 11, 1943 1943 ■ 1942 A S S E T S Gold certificates on. hand and due from U, S. Treasury 20,443,277 - 20,503 36,241 Redemption fund - Pf R* notes 34,6o6 571 + 21,869 Other cash 393>404 - 3,526 + 51,084 Total reserves 20,871,287 - 24,500. — 13,288 Bills discounted* Secured by U. S# Gov’ t obligations, direct and guaranteed 9,330 + 4,550 + 6,953 Other bills discounted 4,028 5' t 3,313 Total bills discounted - ■ 1-3,358 + 4,545 + 10,266 Industrial advances 14,087 + 132 + 5,210 Li. S. Government securities, direct and guaranteed: Bonds 2,542,178 ■ - 64,606 ' * + 992,023 Notes - 1,237,1*85 - 42,829 ■ + 544,935 Certificates 812,875 - 46,790 812,875 Bills 1,126,393 +398,389 +1,126,393 Total U. S. Government securities, direct and guaranteed 5,718,931 +244,164 +3,476,276 Total bills and securities 5,71*6,376 +248,841 +3,491,752 Due from foreign banks 1*7 — — F. R. notes of other banks 46,537' - 2,298 + 18,617 Uncollected items 1,227,729 -135,713 289,235 Bank premises 39,196 3 - 1,522 Other assets, 92,264 + 1,625 4* 43,808 T T.iL uSSETS 28,023,436 + 87,352 ♦3.523,65& 0 L I A B I L I T I E S R. notes in actual circulation 12,396,791 + 94,562 +3»97^*627 Deposits: Member bank-reserve account 12,746,877 -194,820 - 158,402 U. Sf Treasurer-general account 280,343 +231,460 - 38,173 Foreign 805,906 + 12,359 + 125,162 Oth.er 407,051 + 45,079 - 221,772 Tot^l deposits 14,240,177 + 94,073 - 293,135 Deferred availability items 991,400 -103,431 + 129,775 Other liabilities including accrued dividends 4,147 + 68J •f * ' 726 TGT^L LIABILITIES . . 27,632,515 + 85,892 +3,811,943 C A P I T A L ACC- QUNTS Capital paid in 146,772 + 51 + 3,732 Surplus (Section 7) l6o,4U — + • -2,909 Surplus (Section ljb)'* 26,829 — + 43 Other capital accounts 56,909 + 1,909 + 10,0.20 TGIaL LIABILITIES ,.HD CAPITAL ACCOUNTS 28,023,436 ’+ 87,852 +3,328,652 Ratio of total reserves to deposit and F. R. note liabilities combined 78.4% . &/o - 12,6% Commitments to make industrial advances 10,617 + 303 - 4,073 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forja.f. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE : BANKS ON FEBRUARY 10, 1943 (In thousands of dollars) A S S E T S Total Boston Mew York Phila.. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dalias San Fran. Gold* certificates on hand and due from U. S. Treasury 20,443,277 1121,038 6,432,025 1197,255 1,772,577 1020,215 851,838 3,441,164 733,414 449,739 711,860 557,253 2,154,894 Redemption fund - F*jk.notes zj, ¿q6 2,843 1,015 6,083 797 6,325 1.580 1,050 5,086 159 776 793 8,094 Other cash 393,4o4 36,516 81,886 23,301 50,202 23,-962 19,293 ; . 61,816 17,721 9.231 11,730 12,139 45,-607 Total reserves 20,871,287-1160,402 6,514,926 1226,639 1,323,576 1050,502 872,711 3,504,030 756,221 459,129 724,366 570,190 2,208,595 Bills discounted: Secured by U* S* Gov*t obligations, direct and guaranteed 9,330 -- 3,440 200 54o 25 — — — — 125 — Other bills discounted 4,028 -- 1,708 380 396 172 140 488 120 88 112 120 304 Total bills discounted 13,353 -- 10,148 580 936 I97 140 483 120 83 112 245 304 Industrial advances 14,087 949 6O8 4,552 1,153 585 457 104 7 402 1,530 29 3,711 U. S. Government securities, direct and guaranteed: Bonds 2,542,178 187,701 675,520 199.851 239,855 155,505 114,334 315,062 122,058 74,217 120,761 99,813 237,501 lïotes 1,237,435 91,368 328,834 97,286 116,754 75,700 55,654 153,366 59,414 36,124 58,784 48,588 115,611 Certificates 812,375 60,019 216,001 63,903 76,695 49,723 36^559 100,743 39,029 23,731 38,614 31,916 75,942 Bills 1,126,393 51,698 390,913 44,321 48,117 33,330 22,724 396,208 37,538 14,343 28,616 15,560 43,025 ■ > . , Total U.S. Govrt securities, ► « . direct and guaranteed 5,718,931 390,786 1611,268 405,361 481,42i 314,258 229,271 965,381 258,039 148,415 246,775 195,877 472,079 Total bills .and securities 5,746,376 391,735 1622,024 4io,493 483,510 315,040 229,868 965,973 258,166 143,905 248,417 196,151 476,094 Due from foreign banks ' ' 47 3 1/ 18 5 4 ■2 '• ’ 2 6 1 * l 1 4 F#R. notes of other banks 4<"Tw6f,5 ✓3✓ 71 1,011 1,293 1,123 1,819 13,436 4,668 4,193 3,287 747 6,665 1,205 5,090 Uncollected itejns 1,227,729 122,249 255,171 69,012 135,414 88,981 65,656 171,992 57,912 28,936 61,237 52,349 118,820 1 1 1 / Bank premises ¥ 39,196 2,717 9,805 4,743 4,317 3,o4o, 1,722 2,911 • 2,106 1,307 2,796 -1,047 2,685 Other assets 92,264 6,203 23,350 6,867 9,474 . 5,687 3*900 ■11,148 5,633 2,788 4,516 3,495 9,203 TOTäL ASSETS 28,023,436 l6a4,320 8,428,587 1718,882-2,458,-114 1476,668 4178,-527 4,660,253 1083,326 641,812 1047,998 824,438 2,820,491 ♦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