H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R* 233 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday;morning, Sept, 17; of-the Federal Reserve System not earlier. 'September 16, 19^3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September.15 meniber tank'reserve balances increased $370,000,000* Additions to member bank reserves arose from an increase of $573*000,000 in Reserves Bank credit and $3,000,000 in Treasury currency, offset in part by increases of $13l*,000,:000 in nonmember deposits and other Federal Reserve accounts, $33*000,000 in money in circulation and £11,000,000 in Treasury cash and a decrease of $19,000,000 in gold stock. Excess reserves of member banks on September 15 were estimated to be approximately $2,050,000,000, an increase of $63.0,000,000 for the week. There was an increase.of $317»000;000. in holdings of United States Govern­ ment securities which inc ..uded a special' series certificate of indebtedness in the amount of $1*21*, 000,000 issued to the Federal Reserve Banks. Certificates increased $1*93,000,000 v/hile bills decreased $11*9,000,000 and notes.$32,000,000. Changes.in member bank reserve balances and related-items during the week and the year ended September 15,. 191*3» were as follows: Increase or decrease since Sept, 15, Sept*' 3, Sept. 16, 19^3 I9I3 19U2 ’ ('In millions of dollars) ¿ills discounted' 31 ho ' + 21 U. S. Government, direct,obligations 9,620 317 +6,052 U. S, GoVern}n<Sn.t. guaranteed-obligations. 33 + 28 Industrial advances (not including 12 million commitments - September 15) 11 - 1 - h Other Reserve Bank credit 620 + 296 + 361 Total Reserve Bank credit 10,315 ' + 573 +6,1*50 Gold stock 22,201* - 19 - 5k3 Treasury currency * U,093 + • 3 + Ihl Moiflber bap.k reserve balances 13,729 + 373 + 969 Money in circulation. 18,773 + 33 ♦5,333 Treasury cash.’ 2,266 + 11 + 60 Treasury deposits Mth F. R, Banks 6 Noamembcr deposits- and other F. R. accounts 1,037 134 + 299 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. ft. 283c STATEMENT OF CONDITI® OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 15, 191*3 (In thousands tof dollars) ’ : • L I l B - I L I T I ES Total Boston New York Phila. Clevej. Rich» Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. jnotes in actual cir- , , ’ culatioiî 15,165,268 1,068,127 3,33**,21*7 1053,721 1,371^525 997,870 817,750 2,906,919 636,868 356,128 51*6^991* 365,277 1,706,81*2 Deposits* ! J iiôrabür bank-reserve acct.13,729^9 770,257 1*, 593,116 757,760 1,081*, 1*13 615,6^6 515,59l* 2,120,51*6 1*1*1*,753 291,891 603,526 507,563 l,i*2l*, 17U U.S. Treasurer-general acct. 6,386 1,298 622 267 556 5^6 l68 869 571 121 399 506 h33 foreign 1,196,515 29,31*1* 3/ 552,191 101,866 98,650 1*6,108 37,530 130,818 32,168 23*590 30,021* 32,168 81,558 ; 303,918 ,13,591 11*1*,731 9,536 36,097 17,129 6,596 6,121 15,601 8,526 . l*,32l* 1*,729 36.937 Total deposits 15,236,068 811*,990 5,290,660 8 £9,1*29 1,219,716 679,1*09 559,838 2,258,35** 1*93,093 321*, 128 638',273 51*1*,966 1,51*3,102 Deferred availability items 1,751,178 115,683 305,81*5 95,386 183,536 161,91*8 80,1*89 281*, 292 85,579 37,977 98,565 58,51*8 21*3,330 Other liabilities including accrued dividends 7,539 1,1*00 2,500 533 1*52 27« 2q6 591 2J8 16 3 633 131 386 TOTAL LIABILITIES 32,160,053 2,000,200 8,933,252 2019,069 2,778,229 1839,563 11*58,333 5,450,156 1215,758 718,396 1281*,1*65 968,972 3,1*93,660 Capital paid in 11*9,267 9.51*1* 55,083 11,707 15,1*50 6,038 5,336 16,602 l*,65l* 3,189 1*,‘Q73 1*,538 ‘ 12,203 Surplus (Section 7) 160,1*11 11,160 58,001 15,670 ll+, 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*29 530 1,000 1,137 1,307 2,121 i^ther capital accounts 92,351* 5,699 26,568 6, £97 8,691* l*,i*78 1*,035 ll*, 023 l*,0l*8 3,808 1*,079 3,1*81 6,71*1* TOTAL LIABILITIES AND CAPITAL ACCOUNTS 32,588,911* 2,029,1*77 9,079,971* 2057,536 2,818,11*7 1858,559 ll*7l*,l96 5,505,135 1229,956 729,6li* 1298,167 982,381 3,525,772 ' Commitments to make industrial advances 11,611* 708 9 1,609 587 852 35 — 1,598 3,000 — 3,216 F.R.notes outstanding 15,726,897 1,117,1*13 3,1*57,251 1077,218 1,1*16,502 1029,81*2 860,900 2,970,029 vO CVJ * 1 3^2,968 565,1*1*6 397,1*28 1,799,1*58 Collateral for F.R.notes held by F.R.Agents: Gold certificates 13,683,000 996,000 2,160,000 880,000 1,1*20,000 922,000 770,000 2,990,000 -Ct O O * O O O 31*8,000 570,000 1*03,000 1,821*, 000 Eligible paper 29,706 1*,950 12,866 6OO — 1,660 — 9,600 30 ------- — “ U,S.Gov*t securities 2,151,625 120,000 1,300,000 200,000 — 125,000 100,000 mmmm 286,625 20,000 -- — — MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 "to 6l to 91 days to 6 months 1 to 2 2 to $ Over Total 15 days 30 days 60 days . 90 days 6 months to 1 year .years years 5 yoars Bills discounted 30,713 23,885 5,370 1*32 1,026 — 7- Industrial advances 11,1+03 10,019 33 35 35 656 213 29I 121 II. o. Government securities, direct and guaranteed 9,653,377 1,661*,038 1,261*,273 2,107,114; 1,919,221* 186,700 688,750 211,1*00 698,671 913,177 l / After deducting $£¿*'1,266,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R, 283a Released for publication Friday morning, September 17»l9l*3»n°t earlier. STATEMENT OF CONDITION OF T HE TWELVE FEDERAL RESERVE BANKS. COMBINED (In .thousands of .dollars) Increase or decrease • since Sept, 15, Sept, 8, Sept, 16, 19U3 19^3 19U2 A S S E T S Gold certificates on hand and due from U, S.Treasury 19.913,715 - 39,000 - 61*8,910 Redemption fund - F. R. notes 129,095 ♦ 11*.352 + 113,686 Other cash 319* $05 ♦ 12,293 .♦ 93.1*37 Total reserves 20,362,1*15 - 12,355 - 1*1*1,787 Bills discounted» Secured by U.S. Gov’t obligations, direct £ind guaranteed 30,563 • 39.936 + 22,783 Other bills discounted 50 — - 2,513 Total bills discounted 30,7.13 - 39.936 + 20,270 Industrial advances 11,1*03 223 3.1*32 U. S. Government securities. • : direct and guaranteed* -Bonds 1,529,01*8 mm m - 161,91*7 Notes 691,900 - 3i,5QO + 21,585 . Certificates 1,729,150 +1*97,600. ♦1,093,391* Bills 5,703,279 -11*3,91*3 ♦5,132,391* Total U. S, Government securities, direct and guaranteed 9.653,377 ♦317,152 +6,080,1*26 Total, bills and securities 9.695,1*93 ♦276,993 ♦6,097,261* Due from foreign banks 127 + 80 •m F, R. notes of other banks 60,1*97 ♦ 5,368 .+ 25,31*7 Uncollected items 2,370,820 ♦91*6,673 ♦ 751*. 71*0 Bank premises 30,51*5 + 1 1,763 Other assets 61,017 - 6,055 + 15.762 TOTAL ASSETS 32,588,911* +1,209,825 +6,1*1*9.633 L I A B I L I T I E S F. R. notes in actual circulation 15, 165,268 ♦ • 51*, 130 +1*, 773,11*5 Deposits* Member bank-reserve account 13.729,21*9 ♦ 377,7é9 + 9C9.710 U.S.Traasurer-genoral account 6,336 + • 163 ♦ 5 Foreign 1,196,515 ♦ 36,1*78 . + 221*. 1*02 Other 303,918 . + 89,610 ♦ 36,075 Total deposits 15,236,068 + 50|*,025 ♦1,230,992 Deferred availability items - - 1,751.173 ♦ 650; 533' + 393,793 Other liabilities including accrued dividends 7,539 + 730 + 3,366 TOTAL LIABILITIES 1 32,160,053 +1,209,1*68 +6,1*01,296 C A P I T A, L • AC -C 0 U N T S Capital paid in 11*9,267 + 96 + 1*,000 Surplus ( Section 7) 160,1*11 ♦ 2,909 Surplus (Section 13b) 26,329 + 1*3 — Other capital accounts .........92,351* .+ 261 ' ♦ : 1*1,335 TOTaL LIABILITIES AND CAPITaL ACCOUNTS -32,580,911* +1,209,325 +6,1*1*9,630 Ratio of total reserves to deposit and F,R, noto liabilities combined ,67.0fo - , - 18.3% l r 3% Commitments to make indu ' s ' trial advances 11,611* ■ 151* *• 2,192 r Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R* 883^ STATEMENT QF CONDITION OF THE J’EDERAJj RESERVE BANKS OK SEPTEMBER 15, I9U3 (In thousands 'of. dollars) A S S E T S Total Boston New York Phila. Cleve. Rich.' Atlaiita Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and. due from U.S.Treasury 19,913,715 1278,908 4,197,522 1248,153 1,829,98! 1260,180 1005,528 3,951,830 711,467 461,821 913.735 641,603 2,412,987 Redemption ; fund - F.R.ftotes129,095 ' 7,816 . 68,227 11x198 . .1,354 ; 7,057 5.974 1,443 20,260 1,114 .- 693 724 •73,235 Other cash. 319,605 . 29,884 78,252 24,998 ■■ 20,386 •25,268 16,480. 40,816 .il-,573 8,342 *15,942 9,526 .38,138 Total reserves * . 20,362,415 1316/6O8 4,344,00,1 1284,349 1,8^1,72l 1292,505 1027,982 3,994,089 . 743.300 471,277 930,370 651,853 2,454,360 Bills discounted* Secured by U.S^ Gov» t dbligations^ •direct* and -guaranteed . 30,663 -4,950. 12,866: 6OO. . 615 ! 1,660 — ! 200 : 9,600 30 — 127 !5 Other bills disoounted ’ 50 ■. "" — f 50 " * — - . — % -- — — — M M Total bills discounted 30.713 4,950 12,866 6OO 665 ■ • -1,660 — 200 • 9,600 30 — 127 15 Industrial advances 11,403 1,460 152 4,623 529 320 224 4 — 43 30 . '.'18 : 4,000 U; St Government securities. direct find guaranteed* Bonds 1,529,048 122,747 279,308 126,332 177,429 98,329 88,141 208,802 51,451 51,634 7;5,316 76,09.0 172,969 Notes 691,900 55,544 126,388 57,165 80,287 44,720 39,384 94,484 23,232 23,365 34,081 34,43! •'78,269 Certificates 1,729,150 133.808 315,858 142,864 200,650 111,764 99,672 236,129 58,185 58,393 35,172 86^049 195.606 Sills 5,703,279 151,311 3,506,792 304,233 194,714 115,620 103,032 590,017 228,302 63,646 65,509 75,740 .306,363 ■ Total U»Si Gov* t securities. •i direot- and guaranteed <3 r 6^3,. 377 468,410 4,228,346 630,594 : 653,000 370,933 330,729 1,129,432 361,220 197,038 260,078 270,310 753,207 .. ** Total bills and • securities 474,320 4,241,364 635,817. 6511,274. 372,913; 330,9531.129,636 370,820 197,111 260,108 270,455 757,222 Due from foyeign banks 127 3 1/ 46 13 13 6. • - 5'7 ; • - 17 3 2 4 4 11 FvR.notes of other-bai^ks 60,497 1,838 5,690 2,509 2,787 .5,607 6,216 8,433 :5,033 2,134 5,609 2,890 10,751 uncollected items 370,820 229,340 :• 466,228 125,840 297,554 180,726 io4,Ò87‘ •361,770 106/468 55,720 96,305 52,663 294,119 3ank premis-es. 30 ^ 1^5 2,684 9.676 4,66o 4,251 2,966 1,668 -, 2 ¿879 <2,08.1 1,290 2,755 994 2,.641 Jther;as sets ■ q jj * 4,184 Hì969 4,348 7,547 3v836 - 3,285. ’ 8,311 2,251 2,080 3,016 3,522 6,668 TOTAL ASSETS 32,583,9142029,477'9,079,974 2057,536. 2,818,147 1858,559 li*74, 196 5,505,135 1229,956 729,614 1298,167 982,381 3,525,772 l/ After deducting $81,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis