H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form .F. R. 283 STATEMENT FOR THE PRESS Released for1 publication Board of Governors Friday morning, October 8; of the Federal Reserve System not- earlier. October 7, 1943« CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 6 member bank reserve balances decreased $151,000,000. Reductions in morcbor bank roservis arose fiom increases of $331,000,00(5 in Treasury deposits with Federal Reserve Banks, $65,000,000 in money in circulation and $5,000,000 in Treasury cash, offset in part by increases of $232,000,000 in Reserve Bank crsdit and $2,000,000 in Treasury currency and a de­ crease of $16,000,000 in nonmomber .deposits and othur Federal Reserve accounts. Excess rwSorv«;s of 'member banks on October 6 woro estimated to bo approximately $1,700,000,000, a decrease of $110,000,000 for the v;eelc. There was an incroar,o of $219,000,00.) in holdings of United States Govern­ ment securities. Bills inore-ased $207,00'.',000 and cortificatos $12,000,000. Changes in member bank rsservo balances and related items during the_ week and the year ond-^d October 6, 191+3, v/oro as follows» Increase or decrease since Oct. 6, Sept. 29, Oct, 7» 1943 • 191*3 W (In millions of dollars) Bills discounted 13 ________+ 5 U. S. Government direct obligations 9,35k + '21? +5,767 U. S. Government guaranteed obligations. 33 -- + 28 Industrial advances (not including n million coinrdtments - October 6) 12 -- “ 3 Other Reserve Bank credit 363 +. 13 + I9Î4. credit 9,775 + 232 +.5,991 Gold stock 22,176 + 1 - 580 Treasury currency 1+.09S + 2 + 71+2 Member bunk reserve balances 11,903 - 151 + 102 i.;oney in circulation 18,883 + ' 65 +5,053 Troasury cash 2,279 5 + 1+1+ Tiv usury deposits with F, R, Banks 1,013 + 331 ♦ 620 !.on:’ien:bur deposits and other F,R.accounts 1,970 - "16. + 533 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fon» F. H. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 6, 19^3 ( In thousands of dollars) L I 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* a F. R. notes in actual cir­ culation 15,300,854 1063,041 3,359,593 1050,926 1,373,926 1027,437 845,628 2,905,460 651,363 350,320 555,035 375,439 1,741,373 Deposits: } iiambur bank-resorve acct. 11,903,297 574,363 3,390,310 000,657' 932,776 531,654 473,249 l,045,04r> 400,029 270,010 564,231 481,033 1,317,311 U.S.Treasurer-general acct.1013>373 114,967 237,942 66,717 112,709 43/505 61,272 72,922 '50,44« 49,937 26,773 45,969 31,007 Foreign 1,241,929 28,505 l/56s,36c 106,901 103,525 40,33? 39,335 137,2353 3,753 24,756 31,508 33,750 05,303 ^ther .. _ 391,312 4,259 237,575 6,934 >,300 9,975 3,605 7,444 11,054 9,255 5,253 .4,206 52,652 Total deposits 14, 549,916 722,099 5,042,¿95 9 > 09 1,157,370 633,321 5'..2,5ii i- > i~',"3. M-V / 496,0)9 354,316 627,765 562.971 1,517,573 Deferred availability it< «ns 1,276,454 117,529 225,169 76,509 125,756 97,376 74,617 193,733 ' 60,269 32,021 72,123 1|0,666 155,126 other liabilities includ: ri nr accrued dividends 7,956 322 2,504 617 570 217 254 799 257 134 1,299 215 420 TGT*iL .LIABILITIES 51,145,100 1903,491 Ü j Oc—y £— Oo I9I i ,2ol 2, 657,622 1759,351 1503,010 5,163,544. 1207,973 745,349 1,257,027 979,269 3,414,492 Capital paid in 150,173 9,549 55,741 11,673 15, 515 6,067 5,403. 16,630 4,670 3,109 4,944 4,552 12,250 Surplus (Section 7) 160,411 .11,160 >3,001 15,670 T 1, i VAV 1 5,236 5.725 22,925 4,966 3,221 3,613 4,035 n,o44 Surplus (Section IJb) 26,029 2,;: 74 7,070 4,393 1X i , VY7 'T* Ï . Ì , 717 1,429 530 1,000 1,137 1,307 2,121 Other capital accounts 93,026 5,771 26, :;27 6,757 3, J 7 w 4 .; 3 J 4,491 4,070 15.9 4,079 3.357 4,129 3,502 6,041 TOTAL LIABILITIES AHD CAPITAL ACC 0 UKTS 31,573;619 1932,045 3,776,905 1955,759 2,697,654 1773,339 1513,930 5,223,507 1222,223 757,096 1270,350 992,733 5,446,723 Commitments to make indui itrial advances 11,195 1,457 • 9 1,574 4-33 333 -- 938 -- 3,000 -- 2,391 ¥\ R. notes outstanding 15,336,040 1113,924 3,470,541 1005,953 1,422,056 1053,534 090,469 2,971,370 630,354 365,967 576,454 406,559 1,059,052 Collateral for F.R.notes hold by F#E.Agents 5 Gold certificates 14, 167,000 376,000 3,010, ox 345,000 1,223,000 900,000 705,00c 3, oo-\ 000 450,000 343,000' 530,000 561,000 1,369,000 Eligible paper 11,702 575 5,310 152 — 5,665 — — — — — -- -- U.S.Gov* t securities 1,967,990 250,000 500,000 250,000 200,000 200,000 200,000 —— 272,990 20,000 -- 75,000 -- MATURITY DISTRIBUTION OF BILLS JiiD S SCURITI ICS within 16 to 51 to 6l to 91 days to o months 1 to 2 2 to 5. Over Total 15 days 50 days 60 days 90 days 6 months to 1 year yfears years 5 years Bills discounted 12,559 10,559 1,255 Industrial advances 11,914 9,794 53 585 224444 509 294 515 II7 U.6# Government securities, direct and guaranteed 9,337,342 1,592,120 1,309,13 6 2,396,457 1,332,.051 305,300 576,250 211,400 700,671 913,177 l / after deducting ;;'671,94?,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FsrEi :■. h. L’35 Released for publication Friday morning, Octrobcr 8', 1943; not earlier. ST'.iT0J3:T OF CONDITION OF!THE.TWELVE FiDEKAL RSSSkVB BANKS CCMBIl^D' (In thousands of dollars) Increase or decrease since Oct. 6; Sept. 29, Oct. 7, 1943 * 191+3 • 1942 A S'S E T S Gold certificates- on 'hand and flue from U. 3. Treasury 19.''»97.715 .+ 16,001 663,912 Redemption fund - F. R. notes 112,899 - 17,860 + 101,321 Other cash 330,-570 91+3 + 94,149 Total reserves 20,341,161+ - 2,307 - 468,442 Bills discounted» Secured by U.S. Gov’ t obligations, direct and guaranteed 12,599 396 + 8,649 Other bills discounted •• -=- — mm 4; 009 . . Total bills discounted 12,599 396 + 4,64o Industrial advances ll,9ll+ 51 - 3,405- U. S. Government securities, direct and guaranteed* Bonds 1,531,01+0 202,672 Notes 689,900 — 64.461 - Certificates 1,359,150 + 11,900 + 787,124 Bills 5,--07>¿1+1+ • t206,?33 +5,.275,379 Total U.S. Government securities, • direct and guaranteed 9,387,312 +213,333 +5.Î95.370 . Total bills and securities 9,1+11,855 . +213,436 +5. 7q6. éûB Duo from foreign banks. 127 30 ' F. R. notes of other banks 79,231 + -316. + 43,457 Uncollooted items 1,639,196 -191,053 + 513,129 Bank promises 33.U59 30 1,771 - Other assets . .63,567 +- 345 . +• ' 13,5"5 TOTAL ASSETS 31,573,619 + 25,707 +5f596,443 L I A B I L I T I E S . F. R. notes in actual circulation 15.303,351+ + 65,1+52 5^0* 636 . Deposits s ¿ember banlc-reserve account 11,903,297 -151,111 '+ 102,393 U. S. Treasurer-general account 1,013.373 +331,1+24 + 619,969 Foreign 1,241,929 + 3l+,075 -f 313,939 Other 391*312 • - 1+9.1+35 •22,535 Total deposits 14.51+9.9,16 +164,953 +1,013,766 Deferred availability items 1,276,451+ -204,239 + 319,043 Other liabilities including ( accrued dividends. *7 .’9 $6 - 579 + : .3,137 . ' .. TOTAL LIABILITIES . 31,11+3,180 + 25,507 ♦5# 31*6,602 C A P I T A L C C 0 U N T S * Capital paid in 150,17.3 193 + • 4.853 .+ Surplus (Soction 7)' 160,411 + 2,909 Surplus (Section ljb) 26,32ÇJ — + 43 Other capital accounts 93,026 - ■ 73 41,921 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 31,573.619 •+ ¿5,707 ♦5.396,443 Ratio of total reserves to deposit and F.R. noce liabilities combined 63 lfo ■ .(i/o 17.4# . Commitments to mako industrial advances 11,195 - 266 ' 62 ■ - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

•Form'F. K. 283b STATEMENT OF CONDITION OF THE FED'¿ML RESERVE BANKS OK OCTOBER 6, 1943 (In thousands of dollars) ii S S ¿1 T S Total Boston New York Phila. Cleve* 1 Rich. Atlanta • Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on nan rnd due from U.S.Treasury 19,097,715 1121,768 4,915,285 1156,299 1,712,553 1163,684 964,538 3,836,425 723,159 491,268 823,138 596,553 2,337,990 Redemption fund - F.R.notes! 112,099 13,594 27,317 13,340 11,072 9,364 9,717 1,136 20,153 1,079 622 2,649 2,356 Other cash 330,570 32,399 79,380 25,269 23,770 20,528 16,355 44,690 11,330 8,004 15,445- 11,641 40,709 Total reserves 20,341, 134 1168,201 5,021,932 119/1,908 l,747,4oo 1194,070 990,610 3,882,251 760,-192 500,351 839,255.610,843 2,451,055 Bills discounted: Secured by U#S#Govft ot ;ations, direct and guaranteed 12,599 575 5,310 I32 245 5,685 600 — — — — 52 — Other bills discounted Total bills- discounted 12,599 575 5,310 132 245 5,635 600 52 Industrial advances 11,914 1,457 152 4,524 571 292 247 4 — 74 30 16 4,547 9 direct ana guaranteed: Bonds 1,531,043 152,699 30,332 134,608 222,904 131,404 110,442 168,527 07,766 60,345 101,637 95,441 204,943 Notes 689,900 68,807 36,198 60,655 100,442 59,211 49,766 75,940 30,536 27,192 45,798 .. 43,006 92,349 Certificates 1,359,150 135,553 71,312 119,496 197,375 116,651 93,043 149 » 603 60,1-57 53,571 90,223 • 34,727 101,934 Bills 5,007,244 213,506 3,204,403 337,013 255,275 133,9H 154,939 688,996 221,303 69,320 106,291- 100,528 320,679 Total tl.S, Govyt securit: direct and guaranteed 9,387,342 570,645.3,392,245 651,772 776,496 441,177 413,190 1,003,066 330,262 210,923 343,954 325,702 799,905 k Total bil/ls and securiti js 9,411,055 572,677 3,397,707 656,428 777,312 447,154 414,037 1,083,070 380,262 211,002 345,984 525,770 304,452 Due from 'foreign banks 127 3 1/ 46 13 13 6 5 17 3 2 4 * 4 11 F.R*notes of other banks 79,231 1,415 13,470 2,752 3,472 12,897 6,824 9,441 6,415 2,532 6,997 2,351 10,115 Unc o11e c ted items 1,639,196 132,426 327,334 92,102 156,139 116,410 101,621 230,536 70,409 39,439 75,342 50,415 190,375 B,xnk premises 33,459 2,600 9,653 4,643 4,242 2,953 1,664 2,873 2,077 1,208 2,749 907 2,635 Other asserts 63,567 5,333 6,658 4,908 9» 92 6 4,388 4,169 „ 7,269 2,065 2,432 4,019 5,365 3,035 TUTaL ASSETS 31,573,619 1932,345 0,776,905 1955,759 2,697,654 1770,309 1513,930 5,223,507 1222,223 757,096 1270,350 992,733 3,446,720 l/ After deducting $31,000 participations of other Federal Reserve Banks* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis