H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form ï'* R. 2S3 STATELTSKT FOR THE PRESS Released for publication "Board of Governors Friday morning, October 22; ’o£ the Federal Reserve System not curlier. October 21, 19^3 CONDITION OF THE F2DER.iL RB33RVE BAMS During the we ok ended October 20 member bank reserve balances decreased $19»000,000* Reductions in member bank reserves ¡¿rose from increases of $150,000,000 in Treasury deposits with Federal Reserve Banks, 041,000,000 in money in circulation and. $3»000,000 in Treasury cash and a doorcase of $23,000,000 in gold stock, offset in ,:art by increases ‘Of V-lo,000,000 in Reserve Bank or:dit and $2,000,000 in Treasury currency and a de.crease of $17'?,000,000 in nonm:;mber deposits and other. Federal Reserve accounts. Excess reserves of number banks on October 20 were estimated to be approximately Sl,lil0,000,000, a decrease of 5200,000,000 .for the, week. There was a decrease of $1^",000,000 in holdings of United States Jovemment securities, A decrease of $273*000,000 in bills was partly offset by increases of $6,000,000 in bonds and $119,000,000 in certificates. Changes in member bank reserve balances and related items during tho week and the y^ar ended October 20, 1943* Troro as follows 1 j'j or décrassé since Sot. 20, Oct..13, Oct. 21, 19 Ù3 1913 • 19Ù2 .(In millions of dollars) Bills discounted 11 - 7 + it U, S. Government direct obligations 0,075 - I5h •• +4,667 U.-S. Government guaranteed' obligations 59 + 6 + 22 Industrial advances (not including 10 r.illio.onn* *'' commitments - October 20) 12 -- 3 Other R-serve Bank credit 444 - nk + 190 Total Reserve Bank credit 9'.300 + 13 +4,036 Gold stock 22,132 - 23 - 613 Treasury currency U.101 + 2 ■ + 733 i<iember bank reserve balances 12', 002 - 19 - 302 I.oney in circulation 19.019 + iii +5,02h Treasury cash 2,23h + 3 + 46 Treasury deposits with F. R. Banks 530. +150 + 9 K.onmember deposits and other' F,R.accounts 1.77S - 173 + 231* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. ¿83c STATELiEHT OF CONDITI UN OF iiii; FBDhitaL RESERO BANKS OK uCTuBSR 20, I9I4.3 ( In thousands of dollars) L I A B I L I T I E S . Total Boston Nov/ York Phila. Clove. Kich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San ¿-ran. F. R. notes in actual ciroulaticn l5.Wt.57S 1072,703 3.395.538 1060,406 1,384,772 1030,024 049,004 ¿ 935.325 659,713 363,237 557,116 373,316 1,755,419 Deposits* kv-inb^r b&nk-rcservo acct. 12,002,207 - 605,593 3,983,798 614,690 940,365 517,200 474,349 l,fì08,506 413,239277,556 555,379 487,746 1,313,486 U..S. Treasurer-general acot. 530,417 4,333 199,499 39,764 39,284 29,479 23,370 76,245 27,213 21,103 17,097 22,290 24,005 foreign 1,261,808 23,006 l/575,745 108,949 105,508 49,314 40,139 139,913' 34,405 25,230 32,111 34,405 37,233 Other J» C-Jy 7 C » 1 ^7 / *4 4 2 Jt W ? <- .. _ jdj> Total deposits 3,969,190 641,741 4,351,311 767,047 1,092,602 601,058 545,921 2,027,053 490,217 331,037 607,796 546,975 1,465,332 1 ¿22,899 100,053 2,32*572 83,539 153.143 117,025 31,920 217,337 64,121 31,573 77,335 53,360 152,345 accrued dividends 6,896 530 2,'333 618 502 247 242 300 264 .....195 .298 214 452 TOTAL LIABILITIES 0,843,563 1323,090 3,532,309 1911,610 2,031,099 1756,354 1477,095 5, 101,023 1214,320 726,*097 1242,595 973,373 3,374,093 Capital paid in 150,279 9,553 55,750 11,600 15,515 6,074 5,409 16,652 4,674 3,219 4,956 4,557 12,240 Surplus (Section 7) lóo,4il 11,160 5-3,001 15,670 14,767 5,236 5,725 22,925 4,966 3,221 3,613 4,003 11,044 Surplus (Section 13b) 20,829 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 5,912 26,363 6,? 16 _.iL 3ÌÈ . 4i55.L 4.106 _ 15x221... .4*016. ZLasa.__lulIL 3..54.2. .......6*956 TOTAL LIABILITIES AUD CAPITAL ACCOUNTS 31,274,624 1052,539 8,679,993 1950,1^ 2,671,230 1775.-459 1493,052 5,235,952 1223,566 737,395 1256,418 ?37,362 3,406,439 Commitments to make industrial advances 9*337 700 9 1,726 330 013 — — 337 ~ 3,000 — 2,C»o7 F. R. notes outstanding 16,021,653 1126,269 3,504,754 1095,369 1,427,835 1071,369 392,705 2,993,596 693,013 369,397 573,353 409,122 1,353,366 Collateral for F.R.notes held by F.R.-agentst Gold certificates 14,249,000 731,000 3,225,000 350,000 1,230,000 900,000 705,000 3,020,000 450,000 323,000 510,000 361,000 1,394,000 Eligible paper 10,260 430 3,740 715 — 5,325 U.S.Gov* t sec-uritics 2,020,419 350,000 300,000 250,000 200,000 200,000 200,000 — 295,419 50,000 100,000 75, 000 MATURITY DISTRIBUTION OF BILLS AND SECURITIES sn'ithin 16 to 31 to 61 to 91 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 yours Bills discounted 10,525 8,535 240 , 500 ¡L,450 Industrial advances 1111,,887722 99,,556622 8899 665588 356611 516 302 273 HI U. S. Government securities, direct and guaranteed 8,,991144,,338877. 11,,003322,,991155 889988,,443311 22,,008853,,555577 11,,553599,,886677 386,450 955,700 211,400 _ 701,071 1,104,996 l / After deducting $684,681,000 participations of ether Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R.‘ 233a fteleasod for publication Friday morning, October 22,1943, not earlier* STATEMENT OF CONDITION OF TH3 T.7ELVE FEDERAL fc liSSKVE BANKS CABINED (In thousands of dollars) Increase or doorcase since Oct. 20, Oct. 13, Oct. 21, 1943 1943 1942 A S S E T S Gold certificates.on hand and due from U. S, Treasury 19,943,715 - 31,'250 - 713,413 Redemption fund - F, R. notes 123,280 + 9,221 + 107,613 Other cash '323;79I + 10,043 + • 77,287 Total reserves 20,295,7(36 - 11,936 - 523,503 Bills discounted: Secured by U, 3. Gov't obligations, direct and guaranteed 10,525 - 7\734 '+ 3,119 Other bills discounted -- -- - .5,000 Total bills discounted 10,525 - 7,734 + 3,H9 Industrial advances ll,o72 32 3,432 U. S, Government securities, * direct and .ruarar.teedj 3onds 1,537,267 + 6,219 - 511,506 Kotes 639,900 — - 375,541 Certificates 1,498#050 +113-,9OO + 372,663 Bills 5,139,170 -272,291 +4,703,955 Total U.S. Government securities, direct and guaranteed ’ 3,914,337 -147,172 +4,639,571 Total bills and securities ■<,956,734 -155,033 +4,639,203 Lue from foreign banks 127 + 30 *. R. notes of other banks 79,160 + 4,635 + 39,553 Uncollected items 1,366,346 +I90,502 + 465,159 - ^ Bank premises 30,455 “* j - 1,764 Other assets 57,966 - 6, ci 11 + 1,037 TOTAL ASSETS 31,274,624 + 21,27(3 +4,664,770 L I A B I L I T I E S F. R. notes in actual, circulation 15,444,573 + 53.003 +4,455,636 Deposits» Member bank-reserve account 12,002,207 - 13,916 - 302,199 U. S. Treasurer-generai account • 530,-417 +150,635. 9*762 Foreign 1,261,303 + 7,522 + 329,490 Other 174.753 -192,043 - 147,157 Total deposits 13,969»190 - 52,752 - 110,104 Deferred availability items .1,422,. ',99 + 16,743 + 267,663 Other liabilities including accrued dividends 6,396 ■‘,31 + 1,532 TOTAL LIABILITIES 30,343,563 + 21,163 +14,614,332 C A P I T A L A C C O U N T S Capital pai'd in 150,279 34 + 4,940- Surplus (dcction 7) 160,1+11 + 2,909 Surplus (Section 13b) 26,329 — + 4." Other cupit’ul accounts • 93*542 + - 31 + 42,041 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 31.274.$24 + 21,273 +4,664,770 Ratio of total reserves to deposit and F.R, note liabilities combined 69.0^ - .fc. -• 14.1?» Commitments to make industrial advances ■9,337 ex-; • 730 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. It, 283b • STATEiiENT OF CONDITION QF THE. FEDERAL RESERVE BANKS ON OCTOBER 20, 1943 ' •( In thousands of dollars) A’Sj.S E T S " ' * Total . Boston Now York. Phila. . Cl-ivd. EjLch. Atlanta Chicago St.Louis Hinn. riiins.Cy; ■'Dallas Sail Fran. * Gold certificates on hand and due frbm U.S.Treasury 19,343,715 103-3,638 5,206,207- 1133,131 1,680,670 1106,322 972,3^6 3,353,1*37 696,722 45!*» 069'• 7li2,o66 577,570 2,382,437 Redemption fund - r’.R.notes 123;280 •17,933. •. 26,596 15,004 10,875 10,261 10,539 922 20,090 -2,553- !5,571 2,602 2,2c9 Other cash 323,791 32,745 79,896- ' 24,270 23,772 20,744 17,919 42.451-- 11,557 ■ 8,762 - 16,074.. 10,620 ' 39,9*31 Total reserves 20,295,736 1089,366 5>312,6;9 1170,515 1,715,317 1137,327 1;00,3C4 3,096,310 . 723,36; 465,339 763,711 59.0,792 2,424,637 ' Bills discounted*. Socured by U.S.Gov»t obliRations, , direct and guaranteed 10,525 480 3,74o 715 265 5.325 — -- — — m — -- Other bills discounted — — — — — — — . — — ;— — Total bills discounted 10,525 430 3,74o 715 265 5.325 — — — i-. Indus tri al‘ • advahc os 11.372 1,434 152 4,350 677 241 215 4 — 123 30 16 -. 4,625 J. a. Government 'securities. direct and guaranteed* Bonds 1,537,267 151,745 9M59 13U,752 221,018 130,144 109,204 169,657 68,119 6o,o44 100,939 94,1*44 203,042 Kotes 639,900. 63,101 42,257 60,475 - 99,139 58,4oó 49,009 76.139 30,571 26,947. 1*5,299 42,385 91,122 Certificates 1,493,050' .147,873 91,759 131,31k '215,380 126,825 »106,419 165,-323 - 66,333-• '58,510 - 93,362 92,036 197,861 5ills •5,189,170 138,31*7 2,704,51*2 33i*,l*35 224,067 159,245 108,771 634,714. 246,330 73,677 . 142,193 8 9 *-661 273,138 Total U. S. Gov*t securities, ' ** - * , * - . . - ’ . • -■ V direct and guaranteed '6,914,337 556,066 2,932,717 66l,0>26 759,654 474,620' '373,1*03 1,045,839 .411,403 224,178 336,793.313,526 •770,163 Total bills and securities 3,936,784 557,9,30 2,936,609 666,091 - .760,596 ‘430, lff6'‘.373,619 1,045; 342 411,.403 224,306- 336;823 313/542 774,733 Due from foreign banks 127 • • 3 1/46 13- • 13 . 6 . 5 . 17. : . 3 2 4 4 11 i'. k.notes of other banks 7Q.I6O 1,721 17,044 2,419 li, 150 : 12,387 5,972 8,811 5,139 2,213 6,759 .3,819 * 8,676 Uncolloctsd items 1.866.546 1196,143 397,166 102,115 Ì73,6o4 133,317 107/325 274,928 78,997 42,030 92,751* 69,672 133,260 Bank promises 38,455 2,680 9,658 4,643 4,232 2,962 1,664 2,875 2,077 1,288 2,749 937 2,635 Obhor assets 57,966 • 4,691 • 6,771 ii,368 • .8,313 : 4,244 . 3,664 0,669 2,528 2,167 3,, 618. . 3*51*6 7,332 TOTAL ASSETS 31,’274,624 1352,589 3,679,993 1950,169> , 671,230 1775,1*59 ll*93,s052 5,235,952 1223,566 737,395*1256,418 937»-362 3,406,439 l/ After- deducting $81,OQO participations of other Federal Reserve Banks.- Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis