H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F, R. .28$ STATEMENT FOR THE PRESS Released for publication ( Board of Governors Friday morning, October 29j of the Federal Reserve System not earlier. - October 28, 19^3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 27 member bank reserve balances increased. $3,000,000. Increases in member bankreserves arose from increases of $306,000,000 in-Reserva Bank- cr-sdit and $2,000,000 i-n Treasury currency, offset in part by increases of $223/000,000 in nonmeinber deposits and other Federal Reserve accounts, $71,000,000 in money in circulation and $11,000,000 in Treasury cash. Excess reserves of member banks on Octobsr 27, were estimated to be approx­ imately $1,060,000,000, a decrease of $550*000,000 for the week. There was an incroaso of $377*000,000 in holdings of United State's Govern­ ment securities. Bills increased $296,000,000, certificates $73*000,000 and bonds $10,000,000 while not'3s decreased $2,000,000. Changes in member bank r;s ^rve balances and related items during the week and the year ended October 27, I9J4.5» were as follows: Increase or decrease since Oct. 27, Oct. 20, Oct, 28, 19^3 19U5 19^2 (In millions of dollars) Bills discounted 13 + 2 + b U. S, Government direct obligations 9,2^7 + 372 + ¿*,825 U, S',Government guaranteed obligations bb * 5 + 27 Industri&l advances(not including 10 million commitments - October 27) 12 » 2 — Other Reserve Bank credit 369 - 75 256 Total Reserve Bank credit 9* 686 + 306 •f 5*108 Gold stock 22,132 - 607 Treasury currency ii*i03 + 2 + 737 .iomber bank reserve balances' 12.Q05 + 3 « 2J4.1 Monoy in circulation 19*090 + 71 + 5,008 Treasury cash 2,295 + 11 + 1*6 Treasury deposits with F.R, Banks 530 -- + 158 lîonmombor deposits and other F,R.accounts 2,001 + 223 + 267 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 233c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 27, I9U3 (In thousands of dollars) L Is.- B I L I T I E S Total Boston Nev»- York Phila. Clsve. Rich. Atlanta Chicago -St,Louis Minn, Kans.Cy, Dallas San Fran, F. 1?. notes in actual cir­ culation 15, 521,14*1 1071*,633 3,lii5,2li3 1065,707 1,396,005 1042,916 852,28Q 2,951,334 661^563 3^,373 558,856 374,516 1,764,001 Deposits : «¿ember bank-reserye acct. 12,00li,862 597,054 3.983,294 603,721 948,854 517,013 473,313 1,842,359 421,872 278,825 548,442 1+09,835 1*315,280 u„s,Treasurer-general acct. 529,704 27,526 133,297 29,297 60,337 24,743 37,717 35,730' 33,529 32,387 30,674 29,315 54,652 Foreign 1,317,689 30,228 1/592,797 115,184 111,546 52,136 42,436 147,920 36,374 26,67li 33,9l9 36,374 92,271 other _34l*3li9. 4^175 252,694 4,237 8,66? 6,18 5 4,104 5,326 9,159 5,356 2,282 .2,85h 33,310 Total deposits 14,193,804 658,983 1;, 967, 082 752,-439 1, 129,404 600,077 557,570 2,031,335 500,934 346,242 615,347 538-,878 1,495» 513 Deferred availability i 1S 1,342,679 104,857 262,213 73,733 156,856 98,411 80,904 185,735 74,310 29,110 30,734 ¿¿,628 l4o,633 Other liabilities ine li Lo accrucd dividends 7>645 597 2,409 726 697 535 281 852 ■ 310 207 300 ;243 483 TOT.iL LIBILI TIES 31,065,569 1839,070 8,646,947 1392,655 2,692,962 1741,939 l49l,041l 5,169,256 1237,617 739,937 1255,237 958,265 3,4oo,64o Capital paid in 150,352 9,553 55,755 11,630 15,515 6,074 5,419 16,669 4,674 3,221 4,963 I*, 557 12,272 Surplus (Section 7) 160,411 11,160 58,001. 15,670 Ili, 767 5,236 5,725 22,925 4,966 3,221 3.613 4,083 11, Olili Surplus (Section 13b) 26,829 2,874- 7,070. 4,393 1,007 3,244 717 1,1*29 530 1,000 1,137 1,307 2,121 ,Gthcr capital accounts 94,152 6,001 26,879 6,853 3,893 4,581 4,138 14,113 4,097 3,872 • 4,176 3,570 6,979 TOTAL LIABILITIES .AID Capital accounts 31,497,313 1868,658 8,794,652 1931,251 2,733,141; 1761,074 1507,043 5,224,392 1251,83h 751,251 12$),126 971,782 3,433,056 Commitments to make industrial advances 10,020 700 9 1,923 415 770 — -- 337 — 3,000 — 2,866 k. notes outstanding 16,108*626 1125,963 3,523,294 .1099,535 1.436,502 1078,938 910,334 3,006,613 6?5*-571 371,109 583,473 410,130 1,866,664 Collateral for notes hold by F.Regents: Gold certificates 14,332,000 784.000 3,405,000 805,000 1,240,000 850,000 730,000^,020,000 450,000.323,000 510,000 361,000 1*354,000 Eligible paper 10,710 1,455 5,960 845 — 450 — — 2,000 i\3#Govft securities 2,01*2,61*2 350.000 150,000 300,000 200,000 250,000 200,000 _ — 317,642 50,000 100,oc» 75,ooo 50,000 MATURITY DISTRIBUTION OF BILLS .JiD SECURITIES Within 16 to 31 to 61 to 91 d~;ys to . 6 months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 0 months to 1 year years years 5 yaars Bills discountod 13,305 11,3.65 24.0 1,250 li 50 — — Industrial advances 12,006 9,770 107 658 334 526 234 266 Ill U. S. Government securitios, direct and guaranteed 9,290,881 732,507 1,338.893 2,143,144 1,640,234 457,000 952,200 211,400 701,071 1,H 4,-32 l/ After deducting o?23,974,000 participations of other i-ederal Reserve Basics, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forift F. K. 2C3-1. Released for publication Friday morning, October 29,1945, no"k earlier. STATEMENT OF CONDITION OF THE-TWELVE FEDERAL REbERVE BANKS COivIBINED (In thousands of dollars.) Increase or decrease since Oct. 27, Oct. 20, Oct. 23, 19U3 ; 1945 19U2 A S S E T S Gold certificates on hand arid due from U* S, Treasury 19.351,715 + 8,000 - 695,1+1 4 Redemption fund - P.R. notes 112,035 - 11,245 + 95,623 Other cash 328,-857 ♦ • 66 + 78,31+5 Total reserves 20,292,607 - 3,179 - 521,41+6 Bills discounted: Secured by U.S. Gov’ t obligations, direct and guaranteed. 13,*305 + 2,780 + 9,235 Other bills discounted — — - 5,000 Total bills discounted 13,305 + 2,780 + l+,235 Industrial advances 12,006 134 - 2,278 U, S# Government securities, direct and guaranteed* 1 Bonds 1,5146,703 + 9,436 569,025 Notes 688,400 - 1,500 - 499,811 Certificates 1,571,250 + 73,200 890,324 Bills 5,484,528 +295/358 +5,028,077 Total U. S. Government securities, direct arid guaranteed 9,290,881 +376,49^ +¿4 ,8ii9, 567 Total bills and securities 9,316,192 +379,408 +£*851,92U Duo from foreign banks 136 + 89 + 9 F. ft. notes of other banks + 78,791 369 39,879 Uncollected items 1,711,960 -154,386 + 470,819 Bank premises 38,417 38 - ‘1,775 Other assets 59,210 + 1,241+ 1,957 TOTAL ASSETS 31,497,313 +222,689 +¿¿,837,133 L I A B I L I T I E S F. R. notes in ^ctual circulation 15,52:l,44’l + 76,863 +[i,Utl,936 Deposits s Llember bank-reserve account 12,004,862 + 2,655 - 24l,o4o U.S. Treasurer- general account 529,704 713 + 157,980 Foreign 1,317,839 + 56,081 365,331 Other 3Ul,3U9 +166,591 - 154,096 Total deposits 14,193,804 +224,614 + 128,175 Deferred availability items 1,31+2,679 - 80,220 + 214,911 Other liabilities including accrued dividends 7,645 + 749 1,968 TOTAL LIABILITIES 31,065,569 +222,006 +ii, 786,990 C A P I T A L iv C C 0 U K T S Capital paid In 150,352 73 4,935 Surplus (Section 7) l6o,4ll + 2,909 Surplus (Section IJb) 26,829 + 48 Other capital accounts 94,152 + 610 + 1+2,251 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 31,497,313 +222,689 +4,857,133 Ratio of total reserves to deposit and F.Rf note liabilities combined 68.3 - .1% 14. 5$' Commitments to make industrial advances 10,020 + 183 - 1,552 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 233b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BATIKS OK OCTOBER 27, lghs (In thousands of dollars)' a S S E I S Total Boston Neiv York Phila. Clove. Rich. Atlanta Chicago St.Louis Hinn. Kans.Cy. Dallas San Fran. Gold certificates on hand and _due from U.S.Treasury 19,851,715 1064,457 5,307,529 1098,938 1,712,1+05 1098,643 980,050 3,790,342 673,631 463,264 732,413 556,77k 2,373,289 Kedemption fund - F.k.notes 112,035 17,830 10,986 15,1*00 10,764 13,326 10,410 Jq6 20,051 2,545 5,5l;l* 5,066 1,317 other cash 328,857 31,783 79,214 24,586 22,330 22,510 19,506 45,123 11,937 8,319 16,496 10,034 39,169 Total reserves 20,292,607 1114,050 5,397,729 1133,924 1,715,1*99 H5l*,l*79 1009,766 3,854,261 705,619 471*, 128 754,455 569,924 2,415,775 Bills discounted* Secured by U.S.Govft obligations, direct and guaranteed 13,505 1,1*55 5,960 345 555 450 2,o4o — 2,000 — — Other bills discounted Total bills discounted 15,505 1,1*55 5,960 845 555 450 2,o4o — 2,000 --- --- --- Industrial advances 12,006 1,1*31+ 152 1*,571 595 240 215 4 — 124 50 16 4,625 U. S. Government securities, direct and guaranteed: Bonds 1, 51*6,705 152,042 100,182 155,1*17 221,243 150,220 109, 191* 170,878 68,570 60,191 101,110 . 94,1*65. .205,136 Notes 688,400 67,670 44,538 60,271 ■ 93,472 57,953 48,6oo 76,054- 50,519 26,790 45,coi 42,044 90,455 Certificates 1,571,250 151*, 1*55 101,771 157,565 224,762 152,236 110,929 175,589 69,657 61, ll*6 102.713 95f967 2o6,4lO Bills 5,484,528 224,072 2,785,469 551,1*58 226,259 170,414 111,010 708,524 263,575 31,040 137,031 100,059.... 522,587 Total U.S. Gov*t securities, direct and guaranteed 9,290,881 593,259 5,050,010 634,691 770,741 490,373 579,755 1, 129,045 457,521 229,167 535,905 552,555 C22r6l6 Total bills and securities 9,316,192 601,123 5,036,122 690,107 771,891 491,563 531,988 1, 129,049 459,521 229,291 535,935 352,551 327,241 Due from foreign banks 156 5 1/ 55 15 1-5 6 5 17 5 2 4 1*. 11 F.k,notes of other banks 78,791 1,967 15,205 2,215 3,907 15,550 6,551 7,51*8 5,066 2,497 7,580 • 3,070 9,857 Uncollected items 1,711,960 11*5,983 328,751 90,805 199,329 ill*, 525 105,552 245,955 97,200 41,802 114,826 61; 613 172,065 Bank premises 58,417 2,680 9,658 4,656 1*,252 2,955 1,661 2,869 2,076 1,287 2,71*9 98 / 2,629 Other assets . 59,210 4,847 7,132 1*,555 . 8,273 1*,595 3,760 6,715 •2,599 2,244 5,579 • 3,633 . 7,1*30 TOTiiL 4».SSî:TS 51,1*97,513 1863,658 8,79l*,652 1931,251 2,733,144 1761,074 1507,043 5,224,592 1251,884 751,251 1269,126 971,782 5,453,056 l/ After deducting $81,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis