H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form,F. R. 283 STaTEMM'T. FOR THE PRESS Released for publication Board of Governors Friday morning, October .1; of! the Federal Reserve Syste not earlier. September 30, I9k3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 29 member bank reserve balances decreased $1*33,000 ,•000.“ Reduciii&ns in meft.b^i* bank rc-s^erv'fes arose from decreases of. $171*,000,000 in Reserve Bank credit and-$30,000,000 in gold stock and increases $10l*,000,000 in money in circulation, $133,000,000 in Treasury deposits with Federal Reserve Banks and $8,000,000 in Treasury cash, offset in part by a decre of $ll*,000,000 in iipnm^mber deposits, and other Federal Reserve .accounts and an increase of $2,000,000 in Treasury currency. Excess reserves of member bariks on September 29 were estimated to be approximately $1,810,000,000, a decrease of $80,000,000 for the week. There was a decrease of $36,000,000 in holdings of. United States Govemme securities. Bills decreased..$65^000*000 and notes $2,000,000, while certificate increased $29,000,000 aiid bonds $2,000,000. Changes in member bank reserve balances and related items during the week and the yoar ended September ¿9, 191*3» were' as follows« Inci’ease or decrease since . Sept. 29, Sept. 22, Sept. 30, . I9k3 ■ I9u3' 19^2 (In millions of dollars) • Bills discounted 13 - 9 + 5 U. S. Government direct obligations 9.135 - 36 +5,573 U, S, Government guaranteed obligations 33 mm mm + 28 Industrial advances (not including- 11 million commitments - September 29) 12 + 1 - 3 Other Reserve Bank credit' 350 *• 130 ♦ 166 Totfil. Reserve Bank credit 9.5k3 17k +5»769 Gold stock 22,175 - 30 ■- 579 Treasury currency ¿*,096 + 2 + 7k3 Member bank reserve balances 12,05k k33 + k62 Money in circulation 18,818 loi* +5,115 Treasury cash 2:, 271* ' + 8 52 Treasury deposits with F, R.. Banks 682 + 133 + 21 Nonmeiaber deposits and other F.R.accounts 1,986 - lk + 283 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 29, 19U3. (In thousands of dollars) . . . L ;I A B I L. I T IB S Total Boston. New York Phila,. Cleve. 1 Rich. Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas San.Fran. F. it. notes in actua 1 sir- • • culation 15,?k3>ko2 lo60i862.3,3k8,l;62 1051,k2k 1,372,690 1015,620 836,1162,896,606 62*5,992 356,579 ' 553,013 373, 514!; 1,732,4.91; Deposits: • ■ . * Metober bank-reserve acct. 12*05k,k08 596*702 1;,036,139 610,621 939,k75 51k,k70 k7k,153 1,870,797 • 403»037 270,064 51+5,269 1*66,862 1,326,019 U.S*Treasurer-general acct. 681,95k 3355,,004411 116622,,222266 51,319 55,728 k8,723 30,461 67,700 52,k97 30,170 32,172 ■ 5(3 065 57,86k foreign . ; 1,207,851; " ------— ------------------- --- — --------- --------- • --------- .. w 28,397 1/^52,081; 103,915 100,631; 47,035 38,285 133,149 33,332 21;,065 30,628. 32'315 33,215 Other r t ~ 9 y > 1 \ -j ■•V, ■‘•■‘■‘4 J tH w ..........„ £ + . » . .. ... ______3 -U oSJ....................... Total deposits * 33k,963 665,067 5,061,211 775,630 l,lll,6k8 620,73k 56k,013 2,077,35k ' 503,910 33k,i81 611,386 55fr,350 l,50k,979 Deferred availability i 480,693 111,555 261,353 81,219 166,271* 108,k96 79,555 226,610 6k,.007 28,870 71,10k 232,811 Other liabilities inclui accrued dividends • 8,535 659 ' 2,386 1,033 557 307 312 731 2kk 205 ...!*378 *502 _k?l .............................. total Liabilities 117,593 1838,lk3 8,673,412 1909,306 2,651,-169 I7k5,l57 lk79,996 5,201,301 121k,153 719,835 1236,881 977,535 3,k70,705 Capital;paid in lk9,930 9,5k8 55,726 11,678 15,k66 6,053 5,391 16,622 k,670 3,189 k,38k k,5kl 12,207 Surplus (section 7) 160,411 11,160 58,001 15,670 lk,767 5,236 5,725 22,925 k, 966 3,221 3,613 k,083 ll.okk Surplus.(Section 13b) ‘215,029 2,87k 7,;070 k,393 1,007 3,214 717 1,429 530 1,000 1,137 1,307 2,121 Other ¿¿pit-1 accounts 93,099 : 5>7é9 26,913 6,7k8 8,731 k,k95 k,058 lk,092 • k,097 .3,821 k,076 J..107 ......_6i292 . TOTaL LIABILITIES AND ' CAPITAL ACCOUNTS 31,^ 7.912 1867,491; 8,821,122 I9k7,795 2,691,lko 1761;,190 11*95,887 5,256,369 1228,416 731,066 1250,591 990,973 3,502,869 Commitments to make industrial advances ll,k6l 706 9 1,693 488 838 . r- — 1.1*38 — * ; 3,000'" — '■ 3^89 FvR.notes outstanding 15,846,587 1112,201 3,465,185 1088-,730 1,1|21,2U* 1051,230 831;,100 2*975,300 679,585 361;, 661 573,367 k05,9kl 1,825,073 Collateral for F.-R.notes held by F*It.Agents: Gold certificates 13,971;,000 996,000 2,410,000 81*5,000 1,1*23,000 922,000 770,000 2,990,000 425,000 3k8,ooo 580,000 ki6,ooo i,8k9,ooo Eligible paper -11,963 . 900 6, 11*1 . 662 — 735 — — . 3,525 U»S.Govft securities ... 2,079,320- 150,000 1,100,000 250,000 — 150,000 125,000 — 284,320 20,-000 — * . . MATURITY DISTRIBUTION OF. BILLS AND SECURITIES Within 16 to 31 to 61 to: 9I days to 6 months 1 to 2 2 to 5 Ovor Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Bills discounted 12,995 11,535 36k 301 795 Industrial advances 11,965 9,81h 67 37 611 730 307 * • lek " 1*15 ’ -- U.-.S. Government securities, direct and guaranteed 9*168,459 1,330,030 1,107,551 2,30k,9k2 1,676,638 , 153,200 720,850 211,koo.. 709,671 913,177 l/A fter deducting $65k,290,000 participations of other-Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F; R. 28 3 & Released for publication Fr.iday morning, October .1,'191+3, earlier. STATEMENT OF CONDITION . OF THE TWELVE FEDERAL RESERVE &iNKS COMBINED (In thousands of dollars) Increase or decrease since Sept. 29, Sept. 22, . Sept. 30, 191*3 l#+3 • 191*2 A S S E I S Gold certificates on hand and due from U. S. Treasury 19,881,7Ui -33.503 - 679.911+ Redemption fund - F. R. notes 130,759 + 89!* + 116,1*27 Other cash 331,518 : - 2,021* + 99,‘Dl+k Total reserves 20; 3U3.991 - 3l+. 633 - 1*6!+, 1+1+3 Bills discounted} Secured by U.S.Gov’ t obligations, , direct and guaranteed 12,995 - 8,521+ + 9.309 Othor bills discounted — -- 1+.018 Total bills discountod • 12,995 - 8,52)+ * 5,291 Industrial advances 11.965 + 71+8 3,265 U.S. Government securities, • direct and guaranteedj Bonds * 1.531.01*8 + '2,000 - 185,687 Notes 689,900 - 2,000 15 Certificates 1.31+7.250 +29,100 +. 81*3,1+05 .Bills ' 5.600;261 ’ -61*,706 +1+, 91+3.1+65 Tota'l U. S. Government securities, direct and guaranteed 9,168,1+59 -35» 0O6 +5,601,168 Total bills and. securities 9,193,1*19 - 1+3,382 /• +5.603,19!* Due fcom’foreign banks 127 __ + 80 F, R. ijot*es of other banks 78,1+15 + 376 : + 1*6,916 Uncollected items 1,830,21*9 -231+, 157 + 595,850 Bank preriisos 38,1*39 .1+6 - .1,71+7 Other assots 63,222 + 2,221 + 13,906 TOT-vL ASSETS 31,51+7,912 -309,621 +5,793,756 L I A B I L I T I E S F. R. notes in actual circulation 15,21*3,’1*02 +105,009 +1+, 585,090 Deposits» Member bank-reserve account 12,054 »1*08 -1+32,383 + 1*62,191 U. S. T re ur er » gone, r al ac c ount 661,951+ +133,3Uo + 21,219 Foreign • 1,207,851+ - 21*, 1*31 + 261,120 Other 1*1*0,ikl + 11,107 - 19,708 Total deposits 11*. 381*,963 -312,372 + 721*, 822 Deferred availability items 1,1*80,693 -103,509 + 1*30,11*3 Other liabilities including ' . accrued dividends 0,535 + 69I + i+,092 TOT.iL LIABILITIES 31,117.593 -310,181 +5,71+1+, ll+7 c a p i t a l a c c o u n t .s Capital paid in 11+9.980 + 31 + ¿+,696 Surplus (Section 7) 160,111’ ■m mm + 2,909 Surplus (Section 13b) 26,629 — + 1+8 Oth'^r capital accounts - . 93.099 +' 529 .+ 1+1,956 TOTaL LIABILITIES, AMD CAPITAL ACCOUNTS 31,51+7,912 -309,621 +5,793,756 R<«tio of total reserves to deposit ■ and F, R. r.ote liabilities combined 68.1% + ,k% - 16.# ^omitiaents to make industrial advances 11; 1*61 - • 328 726 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F, R. 285b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 29, 194? ( In thousands of dollars) A S S E T S Total .Boston New York Phila. Cleve.. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S.Treasury 19,881,711* 1216,999 4,313,968 1168,565 1,334,1+26 121*8,081 1031,210 5*799*517 764,688 495,445 883,641 649,825 2,475,549 Redemption fund - F.R.notes 130,759 7,675 67,728 13,470 1,189 ' 7,582 6,808 1,261 20,196 1,095 651 677 2,427 Uthsr cash 331,518 33,532 80,093 . 25,403 22,027 25,369 17,784 44,631 H,6l7 8,009 16,303 10.56? 58,137 Total_£eserves 20,343,991 1258,2o6 4,461,789 I207i438 1857,642 1279,032 1055,802 3,845,209 796,501 504,549 900,595 661,0652,516,163 Bills discounted» Secured by U.S. Gov*t obligations," direct and guaranteed 12,995 900 6,141 662 205. 735 275 500 5,525 - - . 5s 77 7" Other bills discounted Total bills discounted 12,995 900 •6,141 662 205 735 275 500 5,525 52 Industrial advances 11,965 1,458 152 4,516 628 293 242 4 77 30 18 '4,547 U. S. Government^ securiti », ( direct and guaranteed: Bonds 1,531,048 123,070 277,580 126,551. 178,070 99,168 88,535 209,542 51*227 51*786 75,447 76,445 175,797 Notes 689,900 55,456 124,989 57,015 80,24o 44,686 59,917 94,421 25,085 25,555 35,997 54,447 78*514 Certificates 1,347,250 108,295 244,080 Hi,54i 156,695 87,262 77,950 134,390 45*076 45,571 66,589 67,266 152,955 Bills 5,600,261 148,554 3,306,471 531,081 204;B93 109,624 125,629 638,621 221,992. 59,435 84,552 81*917 289,492 SS, . ■ direct and guaranteed 9,168,459 435,375' 3,952,920 625,968 619,398 540,740 550,'*081 1,126,974 . 541,578* .180, 127*260,385 260,075 ¿4>553 Total bills and securities 9,193,419 437,755 3,959,215 631,146 620,731 541,768 550,598,1,127,478 544,903' 180,204 260,4l’5 260,145 699*085- Due from foreign banks 127 ■ 5- 1/ 46 13 .13 6 5 17 3- . , 2 ■ 4 4 » 11 F.R. notes of other banks 73,415 1,652 IT, 343 2,769 3,574 10;275 • 6,528 ' 10,255 5,740 • 2,386 6,587 2,727 12,105 Uncollected items 1,830,249 162,826 365,999 96,813 197,034 126,215 . 97,849 262,118 76,967 40,530 77,100 62,771 265,972 B^nk premises 38,489 2,680 9*676 4,648 4,242 2.958 1,664 2,875 2,076' 1,288 2,755 994 2,655 Other assets 63,222 4,414 12,556 4,963 7,354 3.958 3,441 8,421 2,226 2,107’ 3,155 5,267 6,900 TOTAL ASSETS 31,547,912 1867,494 0,321,122; 1947,795 2,£91,11*0 176^190 1495*837 5,256,369 1220,4.16 731,066' 1250,591 990,573 3*50^,869 l/'After deducting $31,000 participations of^ other Federal Reserve Banks* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis