H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. k.' £33 STATEMENT FOR the: PRESS' Released for publication Board of Governors Friday morning, Oct. 15; qf . the^Federal Reserve System not earlier. October ll|, I9I43 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 13 member bank reserve balances increased $118,000,000. ’ Additions to member bank* reserves, arose from decreases of $633,000,000 in Treasury deposits with Federal Reserve Banks and $lh9000,000 in nonmember deposits and. other Federal Reserve accounts, offset in part by decreases of $i|13#000,000 in Reserve Bank credit and $21,000,000 in gold stock and increases of $95,000,000 in-money in circulation and $2,000,000 in Treasury cash. Excess reserves of member banks.on October 13 were estimated to be approximately $1,610,000,000, a decrease of $90-,000,000 for the week. There was a decrease of $325,000,000 in holdings of United States Government securities* Certificates inpr^aspd $2Q,000,000 and bills decreased $31*5*000,000:. Changes in member bank reserve balances and related items during the week and the y^ar ended October 13, 19143* were as follows* Increase or decrease since Oct. 13, Oct. S, Oct. ili, 1943 1943 . 194g (in millions' of dollars) Bills discounted 18 + 5 7 U. S. Government direct obligations 9,029 -325 +5,225 U. S. Government guaranteed , obligations 33 + 23 Industrial advances fnot including 10 million commitments - October 13) h - Other Reserve Bank credit + 6U Total Reserve Bank'credit •*413 +5,320 Gold stock - 21- - 603 Treasury currency + 1 + 740 Member bank reserve balances 12,021 + 118 232 - Money in circulation 13,976 + 95 +5.0Ì46 Treasury cash. ..; * 2,281 + 2 + 53 Treasury deposits with F. -R. Banks 330 -633 + 257 Nonmember deposits: and other F.R,.accounts 1,956 - 14 + 332 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 OCTOBER 13, I9U3 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve.. Rich, Atlanta Chicago iSt. Louis Minn,. Kans.Cy. Dallas San Fran. F„ R. notes in actual circulati on 15,336,575 1070,581 3,377,678 1056,830 1,332,987 1032,011 847,340 2,918,976 657,032 361 ,-218 556,050 374,316 1,751,556 Deposits t Member bank-reserve acct.12,021,123 575,962 3,941,560 619,519 927,426 543,743 486,575 1,821,566 44o,66o 284,566 560,568 486,746 1,-332,232 U.S.Treasurer-general acct, 379,732 20,050 41*562 19,985 35,926 33,325 24,349 61,707 25,5m 19,269 20,980 38,618 37,920 Foreign 1,25^,286 29,037 1/ 570,221 108,553 105,125 49,134 39*993 139,405 34,280 25,139 31,995 34,280 87,124 Other 366,801. 4,477 269,862 1^,523 7,732 6,494 3,475 7,215 13,569 7,912 2*574 4^314 34,854 Total deposits 14,021,9112 629,526 4,823,205 752,530 1,076,209 632,690 554,092 2,029,893 513,850 336,386 616,117 563,958 1.492,130 Deferred availability items IJ4O6,156 132,010 206,460 78,831 170,943 102,633 80,513 243,027 66,961 30,672 79.997 55,826 158,278 Other liabilities including - ■ accrued dividends 7,727 760 2,468 933 624 339 256 804 283 192 451 173 431 TOTAL LIABILITIES 30,322,400 1832,385 3,409,Gli 1089,174 2,630,763 1767,684 1483,001 5,192,700 1233,126 720,968 1252,615 994,278 3,402,395 Capital paie* in 150,195 9,551 55,741 11,679 15,513 0,069 5,408 16,631 4,672 3,189 4,946 4,552 12,239 Surplus (Section 7) 160,411 11,160 58,001 15,670 14,767 5,236 5,725 22,925 4,966 3,221 3,613 4,083 11,044 Surplus (Section 13b) •26,829 2,874 7,070 4,393 1,007 3,244 717 1,429 530 1,000 1,137 1,307 2,121 Other capital accounts 93,511 . 5,396 26,854 6,785 3,788 4,517 4,007 14,072 4,003 3,847 4,171 3,523 6,388 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 31,253,346 1862,366 8,557,477 1927,701 2,670,843 1706,750 1498,930 5,247,757 1252,377 740,225 1266,482 1007,743 3,434,687 Commitments to make industrial advances 10,466 708 9 1,564 527 813 ------ — 937 — 3,000 2,903 F.R.notes outstand ing 15,916,941 1115,766 3,478,372 1080,446 1,425,312 1064,902 890,297 2,972,760 690,511 368,600 574,514 407,197 3*040,264 Collateral for F..R. notes held by F.R.Agents : Gold certificates 14,309,000 831,000 3,210,000 845,000 1,230,000 900,000' 705,000 3,000,000 450,000 348,000 560,000 361,000 1£6?,000 Eligible paper 17,977 2,07.5 6,570 107 — 6,425 — — 2,000 — — — U.S.Govft securities 1,833,439 290,000 300,000 250,000 200,000 200,000' 200,000 — 273,439 25,000 20,000 75,000 maturity distribution of bills and securities Within 16 to 31 to ¿1 to 9I 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 Bills discounted 18,309 15,114 1,085 1,060 1,050 - - — — — — Industrial advances 11,954 9,795 77 632 202 520 297 3Ì4 117 — U.S. Government securities 9 direct and guaranteed 9,061,559 1,362,009 1, 197,617 2,443,398 1,331,737 325,300 576,250 211,400 700,671 913,177 l / After deducting $682,202,000 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, October 15',1943» not earlier, STATEMENT OF CONDITION. OF THE 'TWELVE FEDERAL RESERVE BANKS COMBINED ( In thousands of dollars) Increase or decrease since Oct, 13, Oct. 6, Oct, 14, ^ .191*3 1943 • 1942 A S„S jE T S Gold certificates on hand and due from U. 8. Treasury 19,8714,965 - 22,750 - 692,163 Redemption fund - F. R. notes 114.0» + 1,160 - + 96,593 Other cash 313,7148 - 11,822 ' > 7 5," 558 Total reserves 20,307,772 - 33.412 - 520,012 Bills discounted: Secured by U.S. Gov1t obligations, direct and guaranteed 18,309 + 5.710 ■ •+ 12,459 Other bills discounted ■ ! ------- — 4,864 Total bills discounted 18,309 + 5.710 + 7.595 Industrial advances 11,954 + 40 4.061 U. S. Government securities, direct and guaranteed« Bonds 1,531,048 — - 333.127 Notes 689,900 — - 153;772 Certificates 1,379.150 + 20,000 + 777.474 Bills 5,461,461 -345,783' +4.961i 660 Total U, S* ’Government securities, direct ana guaranteed 9.061,559 -325.783 +5.252,235 Total bills and .securities 9,091,822 -320,033 ■ +5,255,769 Due from foreign banks 127 + 80 F. R, notes of other banks 74,475 - 4,756 + 35,632 Uncollected items 1,675,344 + 36,648 + 1., 652 Bank premises •38,463 4. 1,766 Other assets 64,343 +• 1,276 + 9.113 TOTAL ASSETS 31,253,346 -320,273 +4,780,4ê8 L I A B I L I T I E S F. R, notes in actual circulation 15.386,575 + 77,721 +4,476,973 Deposits: Member bank-reserve account 12,021,123 +117,826 - 281,437 U*S,Treasurer-general account ■■ 379.732 -633.646 +. 256,752 Foreign 1,254,286 + 12,357 + '307,335 Other 366,801 - 24,5H + 30,940 Total deposits 14,021,942 -527,974 + 313,540 Deferred availability items 1,40.6,156 +129,702 • 61-, 979 Other liabilities including accrued dividends 7,727 229 + .1,782 TOTAL LIABILITIES 30,822,400 -320,780. +4,:730,316 C A P I T A L ACC 0 U NIT S; ; . Capital paid in : I50, 195 + 22 ' + ; ; 4,889 Surplus (Section 7) 160,411 — + ' 2,909 Surplus (Section 13b) ^ 2,6,829 -- + ' 48 Other capital accounts - • *93,511 + 485- *c 42,306 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ,31.253»346 -320,273 +14,780,468 Ratio of total reserves to deposit and F, E. not- 'liabilities combined , 69,1% + ■ 1. (f/o 15*9^ Commitments to make, industrial advances 10,l4p6 + 20* + 191 ♦Oct, ’6 figures rsvisedi 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 OCTOBER 13, I943 (In thousands of dollars) A S S E T S Total Boston lew York Phila. Cleve-. Rich, iitlanta Chicago St*Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from u,S.Treasury 19,3714,965 1036,298 5*046,682 HI42,5U4 1,671,883 1161,14.13 958,3614 3»86?,2o3 739*651 1*59*671* 766,385 595»872 2,1428,996 Redemption fund - F.R.notes 1114,052 114,528 26,91*1 13,226 10,990 9*189 9*6143 1,039 20,128 1,822 l,6ol4 2,631 2,318 other cash 313,7143. 32,630 76,325 214,280 21,579 21,293 18,006 ¿42,0214 11,9314 3,1403 16,047 10,53 5 35,637 Total reserves 20,307,772 1083,1456 5, lU9,9l43 1180,050 1,7014,1452 1191,900 936,013 3,910,266 771,763 1469,899 7314,036 609,033 2,1466,951 Bills discounted:. Secured.by U#S#Gov1t obligations, direct and guaranteed 18,309 2,875 6,570 107 280 6,425 — — 2,000 -- — 52 Other bills discounted Total bills discounted 18,309 2,875 6,570 107 280 6,425 — — 2,000 — — 52 -------- Industrial advances 11,95k I M 152 ¿4,533 531 292 2I46 4 — 108 30 16 14,595 1». S. Government securities* direct and guaranteed: Bonds 1,531,0148 152,355 83,280 1314,519 222,294 131,012 110,075 168,6214 67,733 60,225 101,395 95,139 2014,31*7 Notes - 639,900 68,652 37,527 60,615 100,167 59.035 49,600 75,983 30,51*3 27*138 1*5, ^89 42*871 92,080 Certificates 1,379,150 137,239 75,016 121,176 200,239 118,015 99*153 151,3914 61,060 514,252 91*335 85,699 184,072 Bills • " 5,1461,461 197,666 2,879*720 326,003 ■ 256,253 I39»5ii2 143.9I46 676,400 223,176 79*480 141,1*92 106,572 291.183 Total U.S. Gov*t securitios, direct and guaranteed. 9,061,559 555,932 3,075,551 642,313 778,953 4l47,6ol4 1*02,774 1,072,901 382,562 221,095 379,911 330,281 771,682 Total bills and' securities 9,091,822 560,254 3,082,273 6146,953 779*7614 1*52*, 321 403*020 1,072,905 334,562’ 221, 203 379.-9U 330,31*9 776,277 Lue from foreign banks 127 3 1/ 46 13 - 13 6 5 17 3 . 2 1* 1* 11 F.R.notes of other banks 74,1475 1,788 HT/176 2,576 3»&58 12,003 5,310 7,672 5,037 2,923 6,492 2,465 10,575 Uncollected items ■1,675*8414 208,758 291**039 88,2141 169,726 120,661 98,839 2146,7814 86,080 1*2,519 89,216 61,035 169*91*6 Bank premises 38,463 2,680 9*658 4,648 ¿4,2142 2,962 1,6614 2,873 2,077 1,288 2,71*9 987 2,635 Other assets £¿4, 8I43 5,1*27 7*337 5*220 . 9,188 • 14*897 14,087 7,2140 2,855 2,391 1*, 0I4I4 ‘3*865 8,292 TGT.iL ASSETS 31,253,3146 1862,366 8,557,1477 1927,701 2,670,8143 1786,750 1498,938 5,247,757 1252,377 7^0,225 1266,1*82 1007*7*43 3,i43U, 687 l / After deducting $81,000 participations of other Federal Reserve Banks* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis