H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FÜR THE PI<ESS Released for publication Board of Governors Saturday morning, November 13; of the Federal Reserve System not earlier. November 12, 19Ü3 CONDITION OF THE F'JDERAL RES EH VE BANKS During the week ended November 10 member bank reserve balances increased $129,000,000. Additions to member bank reserves arose from an increase of $396,000,000 in Reserve Bank credit, offset in part by increases of $160,000,000 in money in circulation, $1^8,000,000 in nonmember deposits and other Federal Reserve accounts and $35*000,000 in Treasury deposits with Federal Reserve Banks and de­ creases of $20,000,000 in gold stock and $6,000,000 in Treasury currency. Excess reserves of member banks on November 10 were estimated to be approximately $1,030,000,000, unchanged for the Week. There was an increase of $389,000,000 in holdings of United States Govern­ ment securities. Bills increased $278,000,000, certificates $103,000,000 and bonds $8,000,000. Changes in member bank reserve balanees and related items during the week and the year ended November 10, l9ii3; were as follows: •Increase or decrease since Nov. 10, Nov. 3, Nov. 11, 19U3 19U3 19142 (In millions of dollars) Bills discounted 22 - 17 + 12 U. S. Government direct ‘obligations 9,805 + 38ii +5,169 U. S. Government guaranteed obligations 60 + 5 -1- CO Industrial acTvanccs (not including 10 million commitments November 10) ’ 12 mm mm 3 Other Reserve Bank credit 332 + 23 + 91 % Total Reserve Bank credit 10,231 + 396 +5,306 Gold stock 22,096 - 20 - 61+5 Treasury currency U.ioo - 6 + 727 Member bank reserve balances 12,198 + 129 - 295 Money in circulation 19.51U + 160 +5,106 Treasury cash 2,297 l + 63 Treasury deposits with PI Kf Banks 369 + 35 + 135 Nonmember deposits and other F. R# accounts 2,01+9 + 1*3 + . 380 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Farm F. R* 283 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 10, 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 St.Louis Minn# Kans*Cy. Dallas San Fran* F* R. notes in actual circulation 15,913,2251091,098 3,500,2714 1085,810 1,1*18,881 1071,570 886,856 5,008,151 681,802 370,756 576,378 394,520 1,832,121 Deposits : iiember bank-reserve acct.12,198,177 594,005 1*, ol*l*, 920 616,885 930,092 524,^99 1*86,677 1,871,092' 1+29,1+25 282,815 567,716 494,568 1,555,585 U*S*Treasurer-general acct. 369*026 32,539 66,885 28,1+52 1*3,527 26,155 27,1*57 23,1*1*2 55,1*58 23,486 28,122 13.440 22,265 Foreign 1,51*8,971 i. 30,850 1/ 600,351* 118,981 115,221* 55,855 1*3,855 152,797 57,575 27,553 35,068 37,575 95,508 Other 566,990 1*,725 261*,861* 7,707 10,288 6,896 1*,058 3,200 10,109 8,225 3,669 4,196 59,055 Total deposits 11+, 283 *164 662,119 1*,977,023 772,023 1,098,951 611^$05 562,027 2,050„531 510,565 31*2,979 634,575 549,577 1,512,211 Deferred availability items 1,222,217 90,583 25I*, 21*9 77,1*1*6 122,979 95,838 86,ol*5 131,378 60,070 25,^01 75,248 47,ni 127,419 Other liabilities including * accrued dividends 7,781 61*6 2,782 719 658 511 257 937 299 193 306 184 489 TOTaL LIABILITIES 31,1*31,537 181+1*,1+1*6 3,711*,528 1956,006 2,61*1,1+1*9 1777,272 1535,185 5,21*0,997 1252,750 738,829 1236,507 991,392 3,472,21*0 Capital paid in 150,51*5 9,552 55,768 11,670 15,517 6,075 5,1*13 16,671* 1*,675 3,223 4,964 4,557 12,272 Surplus (Section 7) 160,1*11 11,160 53,001 15,670 11*, 767 5,236 5,725 22,925 1+.966 3,221- 3,615 4,085 n,o44 Surplus (Section 13b) 26,829 2,871+ 7,070 1+, 393 1,007 3,21^1* 717 1,1*29 550 1,000 1,157 1,507 2,121 -'ther capital accounts 87,535 5,61*1 21*,967 6,1+62 8,1*18 1*, 256 3,829 15,120 5,743 3,653 5,84o 5.240 6,386 CâPITaL accounts 31,856,505 1875,655 8,800,134 1974,201 2,681,158 1796,065 1550,874 5,295,145 1266,61+8 749,926 1,300,061100!*,579 3,504,065 Commitments to make industrial advances 9.915 700 9 2,155 loo 770 — — 557 5,000 — 2,864 F. R. notes outstanding; 16,1*11*, 171 1129,1*90 5,595,715 1117,559 1,1*55,1*12 1098,951 952,080 5,057,91*5 710,21*6 578,557 591,757 424,118 1,922,765 Collateral for F*R*notes held by F.R*Agents* Gold certificates Ili, 11*2,000 792.000 5,275,000 820,003 1,260,000 850,000 730,000 2,910,000 1+25,000 350,000 510,000 561,000 1,879,000 Eligible paper 17,150 550 11,175 1,155 — 1,200 — — 5,000 50 U.S.Govf t securities 2,618,151* 550.000 550,000 500,000 200,000 275,000 500,000 200,000 318,131* 50,000 100,000 75,000 100,000 MATURITY DISTRIBUTION OP BILLS AND SECURITIES Within 16 to 51 to 61 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 Sills discounted 22,380 18,090 610 2,080 1,6OO Industrial advances 11,577 9*539 71*3 82 38 503 292 273 107 tr. S. Government securities, direct sind guaranteed 2,864,944 800 , 086 ' 1 , 961 , 71*5 1,753,51*7 1,939,855 600,550 765,600 211,1+00 702,971 1,131,590 l/A fter deducting ¿71*6,21+5,000 participations of other Federal Reseive Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form P. Eu 283a Released for publication datuiday morning, November 13,1943» not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since ' Nov. \0, Nov, 3» Nov. 11, ■ -1943' 1943 1942 ■A S. SI TS Gold certificates on hand and due from U. S. Treasury 19,804,715 - 27,000 - 757,900 Redemption fund - F. R. notes 128,399 + 13.515 + 114,396 Other cash 300,509 - 14,209 + 68,647 Total reserves 20,233,623 - 27,694 - 574,857 Bills discounted: Secured by U. S. Gov't obligations, dircct and guaranteed 22,380 - 16,245 + 16,920 Other bills discounted mm vp ■» i - •5,000 Total bills discounted 22,380 - 16,245 + 11,920 Industrial advances 11,577 1 1—i r- -3- - 3,819 U. S, Government securities, direct and guaranteed: Bonds v •1.565.561 + 7,808 - 650,899 Notes 688,400 — 64o,042 - Certificates 1,694,200 +103,150 +1,021,734 Bins 5,916,783 +278,139 +5,476,212 * Total U. S. Government securities, direct and guaranteed 9,864,944 +389,097 +5,207,005 Total bills and securities 9,898,901 +372,673 +5,215,106 Due from foreign banks 136 — + 89 F. R. not’es of other banks 69,404 + 1,065 + 26,66l Uncollected items 1,554,346 - 50,268 + 274,609 Bank premises. 38,375 + 1 - 1,772 Other assets • 61,720 +• 1,437- •- «*» »7,374 TOTAL ASSETS 31,856,505 +297,219 +4,932,462 L I A B I L I T I E S F, R. notes in actual circulation 15,918,225 +158 , 373- +4;.538,349 Deposits:- Member bank - reserve account 12,198,177 +129,239’ - 294,570 U.S.Treasurer - general account 369,026 + 34,640 135,351 Foreign • • 1,348,971 + 49,156 + 434,314 Other 366,990 983' - 109,9H Total deposits 14,283,164 +212,052 165,684 Deferred availability items 1,222,217 - 73,770 + 183*153 Other liabilities.including accrued dividends ' '7.781 + 353 ' 2,142 TOTAL LIABILITIES 31,431,387 +297,008' *¿¿,889,328 C A P I T A L AC C U N T S v , Capital paid in' : • 1-50,343 •15 ,+ • 4,941 Surplus (Section 7) 160,411 — 2,909 Surplus (Section l^b) 26,829 48 - - •f Other capital accounts 87,535 + 226 + 35,236 TOTaL LIABILITIES'AND CaPITAL ACCOUNTS 31,856,505 +297,219 *+ii/932,ii62 Ratio of total reserves to deposit and F. R. note liabilities combined 67.0% .9% l4,6% Commitments to make industrial advances 9.913 + 30 - 114 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

f .a F. R. 283b STATEMENT OF CONDITION OF THE FÉDÉRAL RESERVE BANKS ON- NOVEMBER 10, I9I+3 ( In thousands of dollars) A S S E T S Total. Boston New York Phila* Cleve. Rich. Atlanta .Chicago St.Louis kinn. Kans.Cy*: Dallas'San Fran. Gold certificates on hand and ue from U. S. Treasury 19,804.715 1062,153 5,119,555 1154,091 1,670*461 1099,651 999,389 3,784,826 670,713 462,626 789,708 591,065 2,4oo,477 Redemption fund - F.R.notes 128,399 17,639 20.089 15,562 10,532 16,470 11,967 1,545 19,970 2,518 5,483 3,506 3,118 Other cash 300,509 27.384 74,966 22.139 22,132 19,995 17,286 38,443 11,525 ,8,266 14,217 • 9.661 34,495 Total reserves 20,233^623 1107,176 5,214,610 1191,792 1,703,125 1136,116 1028,6423,824,814 702,208 473,410 809,408 604,232 2,438,090 Bills discounted: - Secured by U*S. GovTt obligations, direct and guaranteed 22,380 550 11,175 •1,155 . 400 1,200 4,300 — 3,000 50 — 25 25 Other bills discounted — — — — — ■ — — . — — — — Total bills discounted 22,380 550 11,175 1,155 •400 1,200 4,300 ------ 3,000 50 — ¿5 25 Industrial advances 11,577 1,429 152 4,341 390 239 215 4 — 136 30 16 4,625 o, S# Government securities, direct and guaranteed: Bonds// 1,565,561 153,304 101,760 133,408 231,335 135.299 113,168 162,213 79,150 61,091 94,783 96,420 203,575 Notes 688,400 67U10 44,745 58,661 ■101,744 59,493 49,762 71,327 34,803 26,863 41,680 42,397 39.515 Certificates 1,694.200 165,900 110,122 144,369 2$0,397 146,417 ' 122,468 175.541 85,656 66,111 102,579 io4,34o 220,300 Bills .. 5,916,783 237,459 3,040,263 333,467 230,987 188.087 . 117,665 313,903 276,836 76,884 136,197 91,391 368,644 Total U/ S. Govf t securities, direct and guaranteed 9,864.944 624,073 3,296,890 674,905 814.513 529,296 403,0631,222,984 476,445 230,949 375,244 334,548 832,034 Total bills and securities 9;898,901. 626,052 3,308,217 680,401 815.303 530,735 408,078 1,222,988 479,445 231,135 375,274 334,589 836,684 Due from foreign banks 136' ' 3 ’ V ‘55 13 13 '6 5 17 3 . 2 ’ 4 4 11 F^h.notes of other banks 69,hob 1,710 1?,284 2,124 4,4s4 12,085 5,120 7,537 5,593 1*443 6,224 .2,712 8,083 Uncollected items 1,554,346 131,045 307,760 90,619 145.184 109,547 103,452 230,215 74,296 40,301 102,820 58,292 160.307 Bank premises 3-3,375 2,675 9,64o 4,636 4.233 2,953 1,661 2,369 2,072 1,235 2.743 979 2,629 Other assets 61,720 4,992 7,568 4,616 . ' 8,316 4,621 3,916 6,705 '3,026 2/350 3,580 .3', 771' 7,759 TUTAL assets .31,856,505 1873,653 3,060,134 1974,201 '2,631,153'- 1796,063 1550,074 5£95,1451266,643 749,926 1300,0611004,579,3.504,063 l / After deducting $81,000 participations of other Federal Res .rve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis