H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F# R* 203 STATEMENT FOR THE PRESS Reteased for publication Board of Governors Friday morning, Sept, 21*j of the Federal Reserve System not earlier, September 23, 19^3 CONDITION OF THE FEDERAL RESERVE BiiNKS During the week aided September 22 member bank reserve balan ;es decreased $1,21*2,000,000, Reductions in member bank reserves arose from a decrease of $590*000,000 in Reserve Bank credit and increases of $51*3*000,000 in Treasury deposits with Federal Reserve Banks and $163,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by a decrease of $59»000,000 in money in circulation. Excess reserves of member banks on September 22 were estimated to be approximately $1,890,000,000, a decrease of $160,000,000 for the week. There was a decrease of $1*1*9,000,000 in holdings of United States Govern­ ment securities. Certificates decreased $1*11,000,000 and bills $35,000,000. The decrease in certificates was due to the redemption of the $li2l*,000,000 special series certificate held by the Federal Reserve Banks on September 15, Changes in member bank reserve balances and related items during the week and the year ended September 22, 191*3, were as follows 1 Increase or decrease since Sept, 22, Sept, 15, Sept, 23, 19U3 19U5 I9h2 (In millions of dollars) Bills discounted 22 - 9 ♦ 13 U, S, Government direct obligations 9.171 -1*1*9 +5.781 U, S, Government guaranteed obligations 33 -* + 28 Industrial advances (not including 12 million commitments - September 22) 11 - h Other Reserve Bank credit 1*80 -11*0 * 317 Total Reserve Bank credit 9.717 -598 +6,136 Gold stook 22,205 + 1 - 51*5 rTr»reasury currency U.09U + 1 + 7i*5 Member bank reserve balances 12,467 -1,21*2 + 601 Money in circulation 18,714 - 59 +5.195 Treasury cash 2,266 — + 66 Treasury deposits with F. R, Banks 3h9 + 51*3 + 61* Nonmembor deposits and other F, R, accounts 2,000 + 163 + 1*10 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283° STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 22, 1945 (In thousands of dollars) L 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. iculItioJeS ln aotual Cir* 15,138,393 1063,^8 3,327,767 1051,369 1,372,915 1001,*»2 016.6^ 2,8^8,Qli8 637*.5b2 355,972 «5U3,2fo *62,638 1,706,137 Deposits* . ’ . . .. - " ' * Member bank-reserve acot. ^2,486,796 645,676 4,090,805 675,959 1,007,419 534,105 475,315 1*934,001 419,962 277,241 566,014 4B0,.607 1,302,012 U.S.Treasurer-general acct. 51*8,614 25,171 115,123 2^,765 98,477 46,608 24,454 38,143 32,800 19,222 28,131 4l,o43 54,677 Foreign 1,232,285 28,888 1/ 566,678 105,552 102,219 47,776 38,887 135,551 33,332 24,444 31,no 33,332 84,516 Other 429,640 5,525 ~~ 303,586 7,811 16,356 11,205 6,116 8,574 12,89 5 9,134 3,920 4,887 39,651 Total deposits 14,697,555 705,260 5,076,192 312,087 1,224,471 639,694 544,772 2,117,149 498,989 350,041 6Ê9,I?5 559,869 1,561,656 Deferred availability items 1,584,202 99.549 270,520 91.097 183,555 146,586 116,472 252,209 78,830 55.271 85.113 62,064 185,558 Other liabilities including accrued dividends 7,844 705 2,562 576 447 I90 251 645 216 205 1,504 546 597 TOTaL liabilities 51,427,774 1867,112 8,676,841 1955,129 2,781,186 1733,062 1478,147 5,248,951 1215,577 721,489 1258,855 984,917 5,451,508 Capital paid in 149,949 9.548 55,725 11,675 15,464 6,041 5,583 16,621 4,670 5.189 4,882 4,541 12,207 Surplus (Section 7) 160,411 11,160 58,001 15,670 14,767 5,236 5,725 22,925 4,9^6 5,221 5,615 4,085 11,044 Surplus (Section 15b) 26,329 2,874 7,070 4,393 1,007 5,244 717 1,429 530 1,000 1,157 1,507 2,121 Other capital accounts 92,570 5,716 26,742 6,719 8,715 4,483 4,050 15,894 4,066 5.817 4,105 5,492 6,768 CAPITAL ACCOUNTS 51,857,535 1896,410 8,824,579 1995,504 2,821,137 1007,071 1494,027 5,503,020 1229,809 732,716 1272,592 998,540 5,485,548 Commitments to foake industrial advances 11,789 706 9 1,788 -521 838 10 — 1,598 — 5,000 — 5,211 F*R.notes outstanding 15,779,919 1115,673 3.449,898 1003,682 1,420,696 1038,810 356,552 2,975,652 671,886 565,502 568,767 597,245 1,829,558 Collateral for F.R.notes held by F.R.agentsj Sold certificates 15,750,000 996,000 2,160,000 090,000 1,422,000 922,000 .770,000 2,990,000 400,000 540,000 500,000 405,000 1,349,000 Eligible paper 20,757 1,600 7,455 617 — 575 -- ~ 9,500 50 1,000 U*S..Goiv,t securities 2,247,590 150,000 1,500,000 200,000 ~ 150,000 125,000 — 502,590 20,000 maturity distribution of bills .j»d securities Within 16 to 51 to 61 to 9I days to 6 months 1 to 2 2 to 5 Over Total 15 days 50 days 60 days 90 days 6 months to 1 year years years 5 years Bills discounted 21,519 19,979 274 490 775" Industrial advances 11,217 9,859 70 55 55 619 213 286 122 S„ Government securities, direct and guaranteed 9,204,065 1,452,626 1,055,760 2,130,419 1,053,554 150,700 696,750 . 211,400 690,671 915.177 After deducting $565,232,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F, R. 283a- Released for publication Friday morning, September 2ij., I9U3 S not earlier. ST:*T£LiENT OF CCNDITIGM . OF THE T3IBLVE FEDSRAL- RESERVE B^KKS COHBINED (In thousands of dollars) Increase or decrease sine e Sept. 22, Sept. 15, Sept. 23, 1903 1903 I9O2 A S S E T S Gold certificates on hand and due from U. S. Treasury 19,915,217 + 1,502 - 607,O06 Redemption fund'- F. R. notes 129,865 ' + 770 + 115,222 Other cash 333.502. '+ 13,937 , + 100,935 Total reserves. 20,370,tëh + 16,209 - 031,209 Bills discounted» Secured by U.S. Gov’ t obligations, direct and guaranteed 21,519 - 9,100 + 13,990 Other bills discounted mm mm 50" 1,571 Total bills discounted 21,519 - 9,190 + 12,023 Industrial advances 11,217 136 3,021 U. 3. Government securities, direct and guaranteed» Bonds 1,529,0^ -- - 170,032 Notos £91,900 — ♦ 21,535 Coftificates 1,313,150 ; -1*11,000 + 371,900 Bills , 5,.660,9 67 - 33,312 +5,035,900 Total U. 3, Government securities, direct and guaranteed 9,200,065 -009,312 +5,805,997 Total bills and securities , . 9,236,301 -1*50,692 _ +5,817,999; Due fron foreign banks 127 + 30 F. R. notes of other banks 70,039 . + 17,502 ♦ 05,316 Uncollocted itens 2,o60,4o6 -306,410 + -315,203 Bank premises 33,535. 10 - 1,771 Othjr assets 61,001 16 + . 14,716 TCT-Jj ASSETS' 31,357,533 -731,301 +6,26o,330 L I a B I L I T I S S * F. R. notes in actual, circulation 15,136,393 - 26,875 +0,676,110 Deposits: M^iiiber bark-reserve account 12,436,796 -1,21*2,1*53 + 60Q, 512 U.S.Treasurer-general account 503,610 + 502,22-3 + 63,309 Foreign 1,232,235 + 35,770 + .. 260,652 Other 429,040 + 125,722 + 109,555 Total deposits 10,697,335 - 530,733 +1,034,063. Deferred availability itens 1,534,202 - 166,976 +097,656 Other liabilities including accrued dividends 7.,Ol*0 .+ 305 + , 3,037: TOTAL LIABILITIES 31.I27,77U -732,279 +6)211,271 C .1 P I I .1 L « 0 C û ü îî I 8 Capital p^id in .109.909 + 602 ' '+ O', 663 Surplus (S.ction 7) 160,1*11 + 2,909 Surplus (Section 13b) 26,329 + 08 Other capital accounts • 9.2,570. + 216 + 01,033 TOTAL LIAâlLIÏIiS ÆD CAPITAL ÀCOOCIÏTS . 31,357,533 >■ 731,3.-1 +6,260,330 Ratio of tct-J. r.. s-rvos to deposit and F. ft. nel'-: iiaiilitivs corranoci 63.39'® + 1.3$ - 13*($> Com.iit v-uta tc :nak.:; industrial advances 11,739 175 1,103 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form »F. P.. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON „SEPTEMBER 22, 191*5 (In thousands of dollars) A S S E T S Total* Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis liinn. Kacs.Cy» Dallas Sail Fran. Gold certificates on hand and •' due from U.S.Treasury 19,915,217 1236,511+4,181,765 1197,711 1,926,583 125k,73k 10.07,220 3,872,150 724,765 1*80,561 890,71*5 651,876 2,1*90,705 Redemption fund - F..K.notes 129,565 7,760 68,003 11,113 1,286 8,560 5,906 1,377 20,238 1,107 676 707 3 132 Other cash 335,51*2 * 33,201; . 80,1*50 21*,529 22,319 21*,850 15,502 ¿¿,333 11,51*5 3,1*01 16,361; 10,278 hl.olh Total reserves 20,373,621; 1277,1,78 1*,330,213 1233,153 1,950,180 1283,11*1* 1028,623 3,917,915 756,31*6 1*89,369 908,233 662,061 2,535,51*1 Bills discounted: Secured by U.;S. Gov’ t obligations; direct and guaranteed 21,519 1,600 7,1*35 617 605 575 ~ — 9,500 30 1,000 127 30 Other brills discounted — — — — —r Total bills discounted 21 519 1 6q0 7,1*35 617 605 575 — 9,500 30 1,000 127 30 Industrial advances 11,217 1,1*56 152 1*,1*1*5 1*91* 519 209 1* — — 90 50 13 1*,000 U. S. Government securities, direct and guaranteed: Bonds l,529,Ol£ 122,773 270,356 126,558 177,510 98,870 33,205 203,896 51*391* 51,651 75,522 76,11*0 173,038 Notes 691,900 55,558 126,183 57,168 30,321* 1*1*, 759 39*915 9I*, 526 23,256 25,572 51*, 034 3l*,l*5b 73,323 Certificates 1,318,150 105,345 21*0,595 108,914 .153,026 35,231* . 76,058 130,030 1*1*, 305 1*1*, 528 61*,953 65,639 149*213 Bills # ; 5.661*,967 135,1*73 ;, 1*05,562 337,005 203,666 103,533 103,551 602,191 243,1H 69,523 81,-050 76,313 291,654 i!otal U. S. Gov* t securities, • ‘ ‘ * .* • • direct ^nd guaranteed 9,204,065 1*19* 65k 1**050,996 629,1*25 611*, 526. 357,1*26 512,637 1.035,633 362,066 183,079 255,339253,046 69l*,278 Total bills and securities 9,236,301 <• 1*22,712 1*, 058,583 651*, 1*35 615,625 533,320 312,896 ]l, 005,697 571*566 138,999 256,1*19 255,191 . 693,503 Due from' foreign banks 127 3 1/ 1*6 15 .15 6' 5 17 5 2 1* 4 ’ 11 F.R. notes of other banks 73,059 1,697 r4,171 2,750 3,51*7 10,110 7,337 9*763 5*918 3,100 6,51*7 5,59l* 9*1*09 Uncollected items 2,o61*,l*o6 107,552 599*1*82 111*, 093 21*0,117 163,760 139,636 279,1*67 91,752 47,358 95,552 71*, 71*6 250,886 Bank premises 33,535 2,681* 9,676 1*, 660 i*, 21*2 2,966 1,667 2,879 2,031 1,290 2,755 99l* 2,61*1 Other assets 61,001 l*,2Gl* 12,205 l*,i*57 7,605 • 3;765 5,350 8,082 2,11*5 2,090 3,052 5,150 6,052 TOTaL ASSETS 31,057,533 1096,1*10 3,Q2ki3j9 1993,501* 2,321,137 1007,071 H*9k,027 5,303,020 1229,309 732,716 1272,592 998,31*0 3,1*85,61*8 • • • 4 \/ After deducting $81,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis