H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Eoard of Governors Friday morning, Sept. 3; of the Federal Reserve System not earlier. September 2, 1943 CONDITION OF TEE' FEDERAL RESERVE BANKS During the week ended September 1 member bank reserve balances increased $213,000,000. Additions to member bank reserves arose from an increase of $403*000,000 in Reserve Bank credit and decreases of $91,000,000 in Treasury . deposits with Federal Reserve Banks, $3,000,000 in Treasury cash and $33,000/000 in nonmamber deposits and other Federal Reserve accounts,, offset in part by an in­ crease of $268,000,000 in money in circulation and a decrease of $49,000,000 in gold stock. Excess reserves of member banks on September 1 were estimated to be approximately $1, 150,000,000, an increase of $40,000,000 for the week. There was an increase of $410,000,000 in holdings of United States Govern­ ment securities. Bills increased $308,000,000, certificates $76,000,000 and bonds $26,000,000. .Changes in member bank reserve balances and related items during the week and the year ended September 1, 1943» wore as follows} Increase or decrease since Sept. 1, Auf.'!. 25, Sent. 2, 1943 1943 1942 (In millions of dollars) Bills discounted ¿9 + 29 + 60 U. S, Government direct obligations 9,154 + lib +5,771 U. S*‘Government guaranteed -obligations ^ 33 -- + 28. Industrial advances (not including 12 rnillion commitments - September l) 12 4 Other Reserve Bank credit 273 - 35 + 145 Total Reserve Bank credit . 9,540 + 403 +5,998 Gold stock 22,243 — 49 - 513 Treasury currency 4,098 ■ + 757 Member bank reserve balances 12,915 + 213 + 497 Money in .circulation. 16,571 + 263 +5,321 Treasury cash 2,279 - 3 + 63 Treasury deposits' with *'.R. Banks 213 - 91. + 67 Nonmamber deposits and other F.R. accounts 1,903 - 33 ’ + 294 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. k. 283c STATEMENT OF CONDITION OF THE FEDERAL kBSERVE BANKS OK SEPTEMBER 1, 1943 (In thousands of dollars) L i A B I L I . T I E S Total Bòston Now York Phila. Cleve. Rich. Atlanta Chicago. St. Louis Minn. Kans.Cy. Balias San Fran. F, fu notes in actual cir­ . culation 14,960,022 1055,303 3,295,479 1038,353 1,352,060 932,4'3d 007,694 2,074,154 627,219 351,372 543,053 361,017 1,670,332 Deposits: - '. Member bank-reserve acct* 12,914,950 650,316 4,456,418 667,353 1,033,799 540,630 497,204 1,968,797 423,361 275,317 57.2,407 474,630 1,349,210 U.S*Treasurer-general acct. -212,306 9,146 60,652 15,436 19,337 7,299 7,756 36,937 11,576 11,529 6,907 10,093 15,208 Foreign 1,189,585 27,163 1/ 561,171 99,671 96,524 45,114 36,721 127,999 31,475 23,082 29,377 31,475 79,813 Other 384,039 5,925 284,042 3,423 5,740 7,550 2,540 6,793 9,952 8,507 3,iio , • 2,97.5 42,677 Total deposits 14,701,380 692,550 5,363,083 785,883 1,155,400 600,593 544,221 2,i4o,58l 431,364 318,935 611,881 519,973 1,436,916 Deferred availability items 1,167,746 97,627 243,961 68,467 121,320 94,655 63,568 169,573 55,691 25,394 66,780 .40,123 120,-087 Other liabilities including accrued dividends 6,079 759 2,192 531 4o2 170 211 600 235 166 317 135 361 TOTAL LIABILITIES 30,835,22? 1846,239 3,904,715 1893,734 2,629,182 1677,904 I4i5,6?4 5,184,908 11^,509 696,867 1222,031 921,243 3,278,196 Capital paid in 149,082 9,544 55,008 11,703 15,446 6,038 5,366 16,573 4,641 3,187 4,84i 4,537 12,198 Surplus (Section 7) l6o,4ll 11,160 58,001 15,670 14,767 5,236 5,725 22,925 4,966 3,221 3,613 -4,083 11,ou4 Surplus (Section l*b) 26,029 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 91,833 5,687 26,191 6,658 3,671 4,474 4,034 14,009 4,096 3,799 4,H3 3,457 6,694 TOTAL LIABILITIES AND CAPITiiL ACCOUNTS 31,263,432 1375,504 9,050,985 1932,158 2,669,073 1696,896 1431,536 5,239,844 1173,742 703,074 1235,73 5 934,632 3,310,253 Commitments to make industrial advances 11,637 708 9 1,539 434 925 35 1,768 — 3,000 -- 3,219 F* E. notes* outstanding 15,410,113 1035,859 3,391,590 1065,173 1,387,298 .1006,660 844,190 2,913.319 654,905 357,345 557,692 334,329 1,756,743 Collateral for F.k.notes * held by F.ft.Agents» Gold certificates 14,075,000 970,000 2,585,000 1070,000 1,390,000 897,000 755,ooo 2,960,000 375,000 348,000 560,000 391,000 1,774,000 Eligible paper 66,687 7,735 47,257 2,000 — 2,095 — ■ 7,500 100 — -- --- U.S* Govf t securities. 1,494,232 120,000 800,000 — — 125,000 100,000 334,232 10,000 5,000 -- — MATURITY DISTRIBUTION OF BILLS AND SECURITIES ’within 16 to 31 to 6l to 91 days to 6 months 1 .to ;2 2 to 5 Over Total 15 days 30. days 00 days 90 days, 6 months to 1 year years years '5 years Bills discounted 66,754 61,171 5,920 367 1,296 — -- — — Industrial advances 11,663 10,384 138 45 34 ; 426 220 295 121 L. S. Government securit --- i e s 9• ' direct and guaranteed 9,186,830 1,011,722 1,092,359 2,23?,506 2,050,595 : -280,450. - 706,150 239,600 698,¿71 691,777 l / After deducting $627,23^000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F, E. 283a Released’for publication Friday morning, September 3»1943; not earlier. ■ STATEMENT OF CONDITION OF THE TWELVE. FEDERAL RESERVE. BANKS COMBINED (In thousands of dollars) Increase or decrease since Sept. 1, Aug. 25, Sept. 2, ■ 194? ; 1943 1942 A S S E T S ' Gold certificates on hand and'due from U. S. Treasury 19,967,714 - 68,502 - ’594,411 Redemption fund - F. R; notes. 103,347 + 16,933 + 90,246 Other ca3h 316,929. - 13,622 + 88,813 Total reserves 20,387,990 - 65,191 ..." 415,352 Bills discounted! Secured by U. S. Gov»t obligations, direct and guaranteed 68,754 + 28,390 + 62,149 Other bills discounted •• *r „ . 2,791 Total bills discounted 68,754 ' + 28,390 + 59,358 Industrial advances 11,663. 128 - 4,695 U. S. Government securities, . direct and guarahteedj ; Bonds 1,507,649 + 26,300 -'.156,355 Notes 723*400 — 4,705 Certificates 1,182,550 + 75,850 + 841,577 Bills 5,773,232 ' +307,869 . +5,117,979 t* - * Total U. S, Government securities, direct and guaranteed 9*186,830 +410,019 +5»79B,496- Total bills and securities 9,267,247 +438,281 +5,853,159 Due from foreign banks " 127' a* * CO O i1’. R. notes of other banks 62,660 582 + 34,169 + Uncollected items l,44o,629 18,163 + + K"\ •x CvJ CO O Bank.premises 38,544 . 58 1,768 - ‘ Other assets ■ 66,235 2,164 - 13,498 • + +• TOTAL ASSETS 31,263,432 +393,941 +5,848,066 L I ii B I L I T I E S F, R. notes in actual ’circulation 14,960,022- +2149,729 +4.-758 ,-799 ■ Deposits» Member bank-reserve account 12,914,950 +212,835 497,330 + U.S.Treasurer-General account 212,806 - 90,843 66,543 + Foreign . „ - _ 1,189,585. - 40,018 + 228,833 Other ■ 384,039 + 8 , 63.Q + :27,244 Total deposits 14,701,380 90,604 + 819,950 + Deferred availability items 1,167,746 52,987 219,095 + + Other liabilities including « • accrued dividends. 6,079' + ' 194 + ■ 2,321 TOTAL LIABILITIES 30,835,227 +393,514 +5,800,165 C A I .T A L C C. 0 U N T S P a - Capital ps-id in 1 4 9 ,0 6 2 '+ 57 + 3,901 Surplus (Section 7) 160,411 + . 2,909 Surplus (Section 13^) 26,829 -- + 48 Other capital accounts 91,883 + 370 - + 41,043 TOTAL LIABILITIES AND. CAPITAL ACCOUNTS 31,263,432 +393,941 +5*848,066 Ratio of total reserves to deposit and F, R. note liabilities combined 63.7/° - 1.1% - 17.7% Commitments to make industrial advances 11,637 -. 295' 1,416 ■ 1 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 SEPTEMBER 1, 191*3 ( In thousands of dollars) A S S E T S Total * Boston New York Phila,. Clevé» Rich. Atlanta Chicago St Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S. Treasury 19,967,711* 1250,979 U,537,31*3 1171,358 1,899.668 1179,726 99!*,1*31* 3,923,1*96 676,036 1*58,791+ 878,230 611*,1*65 2,383,185 Redemption fund - ï'.E.notes 103#3V7 7,91*9 1*1,71*0 11,1*52 530 8,613 6,11*1 63I* 20,316 1,132. 736 761 3,31*3 Other cash 316,929 29,61*3 78,037 25,185 21,31*7 26,082 15,528 39,91*1 11,265 8,897 15,882 9,01*8 36,071* Total reserves 20,387,990 1288,571 1*,657,120 1207,995 1,921.51*5 1211*,1*21 1016,103 3,96**,071 707,617 1*68,823 89l* »81*0 621*,27I* 2,1*22,602 Bills discounted: Secured by U.S. Gov’ t obligations, direct and guaranteed 68,751* 7,735 1*7,257 2,000 '71*5 2,095 800 110 7,500 100 ... 212 200 Other bills discounted — — — — — -------- — — Total bills discounted 68,751* 7,735 1*7,257 2,000 71*5 2,095 000 110 7,500 100 -------- 212 200 Industrial advances 11,663 1,1*61 159 1*,713 671 329 220 1* 1*5 30 18 1*,000 U.S. Government securities$ direct and guaranteedt Bonds 1,507.61*8 121,31*3 270,965 121*, 63O 175,737 97,851 37,51*3 206,70i* 50,167 51.075 71*, 321* 75.517 171,712 Notes 723.1*00 58,223 130,015 59,800 8l*,322. 1*6,951. 1*2,005 99,219 21*, 071 21*, 507 35,662 36,231* 82,391 Certificates 1,182,550 95.177 212,537 97,751* 137,81*3 76,750 66,607 162,191* 39,350 1*0,062 53,296 59,235 131*,635 Bills 5,773.232 173.61*9 3,392,131*- 31*1*. 671 • 131,862* 13l*,7.58. 122,ol*9 572,336 271*, 61*3 .85,997 76,701 81*,820 329,6IO Total U.S. Gov't securities, direct and guaranteed 9,186,830 14*8,392 1*,005,651 626,355 579,766 356,310 326,261* 1,01*0,533 388,231 201,61*1 21*1*,983 255,806 718,398 Total bills and securities 9,267,21*7 1*57,588 1*, 053.067 633,573 581,102 358,731* 321,292 i,ol*o,61*7 395,731 201,786 21*5,013 256,036 722,^3 Due from foreign banks 127 3 1/ 1*6 13 13 6 5 17 3 2 1* 1* 11 F. R. notes of other banks 62,660 1,381* 3*1,1*17 2,307 2,672 7,239 5,1*62 6,80!* l*,21i* 1,81*1 6,51*5 2,936 9,839 Uncollected items 1,1*1*0,629 120,616 306,561 78,805 151.21*3 109,1*17 83,369 216,319 66,736 32,01*6 33,267 1*7,072 11*5,178 Bunk premises 38,51*1* ‘2,681* 9,676 1*, 660 l*.25i 2,966 1,668 2,879 2,080 1,290 2,755 99I* 2,61*1 Other assets 66,235 1*,658 13,090 1*,805 8.167 1*,H3 3,637 *9,107 2,361 2,286 3,305 ...... JLJ16 . _I*I8l* TOTAL ASSETS 31,263,1*32 1875.501* 9.050,985 1932,158 2,669,073 1696,896 11*31.536 5.239.81*1* 1178,7i*2 708,071* 1235.735 93U.632 3,310,253 l / After deducting $81,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis