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, Sept. 10; of the Federal Reserve System not earlier, September 9» 19^3» CONDITION OF THE FEDERAL ‘RESERVE BANKS During the week ended September 8 member bank reserve balances increased $1*36,000,000. Additions to member bank reserves arose from an increase of $202,000,000 in Reserve Bank credit and decreases of $207*000,000 ifc Treasury deposits with Federal Reserve Banks, $21*,000,000 in Treasury cash and $200",000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by an in­ crease of $169,000,000 in money in circulation and decreases of $20,000,000 in gold stock and $8,000,000 in Treasury currency. Excess reserves of member banks on September 8 were estimated to bo approximately $1,1*1*0,000,000/ an increase of $290,000,000 for the week. There was an increase -of $11*9,000,000 in holdings of United States Govern­ ment securities which included a special series certificate of indebtedness in the amount of $11,000,000 issued to the Federal Reserve Banks. Bills increased $79*000,000, certificates $1*9,000,000 and bonds $21,000,000. Changes in member bank reserve balances and related items during the week and the year ended September 8, I9I4.3* were as follows? Increase or decrease sinco Sept.- 8, Ser»t. 1, Sept. 9, 19^3 19U3 ■ 19^2 (In millions of dollars) Bills discounted 71 +. 2 + 58 U. S. Government direct obligations 9,303 + 1U9 +5,806 U. S.’Government guaranteed obligations 33 •* — + 28 Industrial advances (not including 11 million commitments - September 8) 12 3 Other Reserve Bank credit 321* + 51 + 151 Total-Reserve Bank credit 9,71*2 + 202 ♦6,039 Gold stock 22,223 - 20 - 522 Treasury currency 14,090 - 8 + 71*7 ¡¿ember bank reserve balances 13,351 + |*36 + 91*9 Money in circulation 18, 7l|0 + 169 +5,351 Treasury cash • 2,255 - 21* + 50 Treasury deposits with F. R. Banks 6 - 207 - 208 ¡ionmember deposits and other F.R. accounts 1,703 - 200 + .122 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.SEPTEMBER 8, I9U3 < (In thousands of dollars) . . L I A B I L I T I E S Total Boston New York Phila. Gleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual cir- . culation . 15,111,133 I066,1+85 3,326,1+1*3 101*8,071* 1,366,971 991,H7 815,076 2,097,610 - 633,002 .35l*,937 51*6,617 361*,287 1,700,1*69 Deposits j Lumber bank-reserve acct.13,351,1*80 605,963 1*,576,020 690,270 1,065,103 562,071* 516,016 2,033,300 1*1*2,025 236,702 597,959 515,531 1,330,001+ U.S.Troasurer-goncral acct. 6,218 175 ; 682 598 559 I93 581 925 162 363 1*79 521 980 Foreign 1,160,037 27,017 1/537,019 98,802 95,682 1*1*, 721 36,1*01 126,883 31,201 22,880 29,121 31,201 79,10? Other 2il+,308 6,361* ~ I06,31*9 5,571 8,315 7,195 2,657 3,647 10,1*17 7,993 3,122 2,o22 50,651 Total deposits ll*,732,0l*3 719,519 5,220,070 795,21*9 1,169, 66** 6ll*,183 555,655 2,165,255 1*83,805-317,91*3 630,681 51*9,275 1,510,71*1* Deferred availability items 1^00,595 87,21*5 195,930 6i*,9l*5 lli*,26o 91+.223 58,^1 162,615 58,31*1 23,1*1*6 66,639 53,633 115,917 Other liabilities including • accrued dividends 6,809 61*0 2,365 921*_______ 1*73 287 223_______ 6!*8 231 183 265 150 • 1*20 TOTAL LIABILITIES 30,950,585 1873,889.8,71*1**808 1909,192 2,651,368 1699,810 1,1*29,355 5£26,123 1175,379 701,559 121*1*,202 967,31*5*3,327,550 Capital paid in 11*9,171 9, 51*1* 55,083 11,706 15,1*1*6 6,038 5,369 16,580 l*,6l*l 3,187 it, 81*2 1*,537 12,198 Surplus (Section 7) 160,1*11 11,160 58,001 15,670 11*, 767 5,236 5,725 22,925 1*,966 3,221 3,613 1*,083 11,01*1* Surplus (Section 13b) 26,829 2,871* 7,070 1*,393 1,007 3,21*1* 717 1,1*^ 530 1,000 1,137 1,307 2,121 Other capital accounts 92*093 5,699 26,383 6,675 8,682 1*,1*79 l*,0lt0 13,909 1*,102 3,807 1*,129 3,1+68 6,720 TuTaL LIABILITIES AND CAPITAL ACCOUNTS 31,379,089 1903,166 8,991,31*5 191*7,636 2, 691,270 1713,807 1U*5,206 5,280,971 1189,618 712,771* 1257,923 980,71*0 3,359,633 Commitments to make industrial advances 11,1*60 707 9 1,589 373 925 35 - •1,598 — 3,000 3,219 F.R.notes outstanding 15,597,639 1112,093 3,1*26,985 1072,591* 1,1*02> 32I* 1017,326 857,531* 2,91*2,711* 666,205 360,693 553,653 397,256 1,783,262 Collateral for F*R. notes •• held by F.R.Agents* Gold certificates 13,807,000 990,000 2,1*15,000 875,ooo 1,1*05,000 907,000 770,000 2,960,000 375,000 3l*8,ooo 560,000 1+03,000 1,799,000 Eligible paper 66,087 6,750 51.1*22 600 1,950 — ‘ — • 5,300 65 - tf. S. Gov’ t seop*lties 1,873,337 120,000 1,000,000 200,000 mm ■» 125,000 100,000 308,337 20,000 5,000 — MATURITY DISTRIBUTION OF BILLS AND SECURITIES 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 1 Bills discounted 70,61+9 62,2+16 6,61+5 562 1,026 - - . . * — — — Industrial advances 11,626 10,365 66 50 31* . 1*76 ' 220 291* 121 U.S. Government securities. direct and guaranteed 9,336,225 1,222,11*8 1,161,302 2,1+31,027 1,873,150 71', 000 726,150 239,600 698,671 913,177 l/After deducting $620,81*6*000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283» Released for publication Friday morning, September 10,191*3« n°t earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Sept. 8, Sept, 1, Sept. 9, I9h3 191*3 191*2 A S S E T S Gold certificates on hand and due * from U. S. Treasury 19,952,715 - 11*,999 - 608,1*12 Redemption fund - F. R. notes ulw 71*3 + 11,396 + 101,502 Other cash 307,312 - 9,617 + 92,238 Total reserves 20,37k»770 - 13,220 - 1*11*, 672 Bills discounted! Secured by U.S. Gov't obligations, direct and guaranteed 70,599 * + 1,81*5 + 60,361* Other bills discounted 50 + 50 - .3,066 Total bills discounted 70,6*19' + 1,395’ + 57,298 Industrial advances 11,626 37 - 2,90.6 U. S. Government securities, direct and guaranteed» Bends l»529»0li8 + 21,1+00 - 11*3,505 Notes 723,1*00 — - 6,705 Certificates 1,231,550 + 1*9,000 807,570 Bills 5,852,227 + 78,995 +5,176,650 Total U, tf. Government securities, direct and juaranteed 9,336,225 +11*9,395 +5,83U,010 Total bills and securities 9,1*18,500 +151,253 +5,338,1*02 Due from foreign banks 127 «... + - 80 F. R. notes of other banks 55.129 - 7,531 + 22,321+ Uncollected items l,l*21+,ll+7 - 16,1*32 + 321*, 552 Bank premises 38,51*1* - 1,768 Other assets 67,872 + 1.557* + 10,916 TOTAL ASSETS 31,379,089 +115,577* +5,829,831* L I A B I L I T I E S F. R. notes in actual circulation 15,111,138 +151,036* +1+, 78^, 61*0 Deposits: Mernber bank-reserve account 13 , 351 ,U 80 +U36,530 ♦ 91*9.107 U.S.Treasurer-general account 6,218 -206,588 - 207,551 Foreign 1,160,037 - 29,51+8 + 211,211+ Other 2llt,308 -169,731 - 127,365 Total deposits 14,732,010 + 30,663 + 825,1+05 Deferred availability items ♦ 1,100,595 - 67,151 173,911 ' Other liabilities including accrued dividends 6,809 + 730 172 TOTAL LIABILITIES 30,950,585 +115,278* +5,731,731* C A P I T A L ACCOUNTS Capital paid in 11*9.171 + 89 + 3,91*1. Surplus (Section 7) 160,1*11 + 2,909 Surplus (Section ljb) 26,829 -- + 1*8 Other capital accounts 92,093 + 210 1*1,152 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 31,379,089 +115,577* +5,829,831* Ratio of total reserves to deposit and F.R. note liabilities combined 68.3# • h?<> - 17 Commitments to make industrial advances 11,1*60 177 - 2,619 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 8, 1943 (In thousands of dollars) A S S E T S Total Boston New York Phila. Clóve. Rich. Atlanta Chicago St*Louis 1 ¿¿inn. Kans.Cy. !Dallas Son. Fran. Gold certificates on hand and due from U.S.Treasury 19,952,715 1254,375 4,250,036 1234,648 1,909,267 1212,591 1010,063 3,933,131 710,415 458,501 395,671 643,186 2,430,331 Redemption fund - F.R.notes -114,743 7,082. 53,404 11,330 1,1*1*0 7,565 6,057 536 20,283 1,122 ' 715. 742 3,232 Other cash 307,312 27,1*50 78,261 2!*,?72 21,560 23,547 13,06;. 39,673 11,800 7,930 14,954. 9,045 34,333 Total reserves 20.37li.770 12QQ.71«5 li. TOI.731 1270.7^0 1.Q32.2Ó7 1244.003 1O0Q.Q8Ó 3,973,345 742,511 467,603 911,340 657,973 2,468,496 Bills discounted* Secured by U.S. Gov» t obligations, direct and guaranteed 70,599 6,750 51,1*22 600 61*5 1,950 3,300 210 5,300 65 . -- 127 230 Other bills discounted 50 -- — 50 — -- — — — • — Total bills discounted 70.64Q 6,750 51,1*22 600 695 1,950 3,300 210 5,300 65 -- 127 230 Industrial advances IX 626 l,46o 159 l*,63l 727 329 225 4 — 43 30 10 4,000 U. S. Government securities, direct and guaranteed* Bonds 1,529,01*3 122,922 276,331 126,368 177,371 99,055 30,497 209,308 51,136 51,726 75,350 76,365 173,619 iiotes 723,1*00 53,155 130,970 59,705 84,152 46,063 41,360 99,025- 24,193 24,472 •35,643 36,129 82,140 Certificates 1,231,550 99,006 222,971 101,703 143,264 ‘ 79,784 71.276 163,502 ' 41,187 • 41,661 . 60,691 61,506 139,039 Si Us 5,052^227 169,033 3,523,226 291,601* 190,763 •123,734 120,567 600,527 • 243,936 05,233' .30,272 so;593 •332,634 Total U.S., Gov't securities', ' • , direct arid guaranteed Q 1*1*9*116 1*, 150,993. 579»51*0 596,050 349,1*06 322,208 1,077,442 365,502 203,092 251,961 254,593 723,232 Total bills and securities 9,418,500 ■ 1*57,326 4,210,579 501*, 771 ‘597,472 $$1,765 : 325,733 1,077,656 370,802 203,200 25l,99i-254,743 732,462 Luy from foreign banks -|py 3 1/ 1*6 13 13 . 6 - 5 17 3 2 4 4 11 F.R.notes of other banks 55,129 1,501* "3,1*33 2,1*1*9 2,152 5,592 5,183 6,534 4,201 1,623 ; 5,734 •2,372 8,842 oneollooted items * l;U2l**,ll*7 11*7,178 267,710 79,678 146,79I* 110,269 73.952 206,219 67,505 36,802 82,737 60,023 139,675 o.jik premises 38,51*1* -2,â&4 9,676 4,660 4,251 ' 2,966 1,668 2,879 2,080 1,290 2,755 • 994 2,641 <-/fcher assets $7 ^<^2 4,756 13,115 5,315 .8,321 , 4,206 3,679 9,321 2,516 2,249 • .3,362 3,526 7,506 total assets 31,379,039 1903,166 3,391,31*5 1947,636 2,691,270 1710,307 1144.5,206 5,230,971 1109,613 7.12,774 1257,923 9-30,71*0 3,359,633 l / After deducting $01,000 participations of other Federal Reserve :Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis