H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F, R„ 283 STATEMENT FOR THE PRESS Released for publication- Board of Governors Friday morning, November.19» of the Federal Reserve System not earlier, November 18, 194-3 CONDITION OF THE FEDERAL RESERVE BANKS During the typek’ ended.November 17 member bank reserve balances increased $65,000,OOOj Additions to member bank:reserves arose from an increase of $141,000,000 in Reserve Bank .credit ‘an'd decreases of $4,000,000 in Treasury cash and $2,000,000 in' nonmembor.deposits and other Federal Reserve accounts,“offset in part by increases of $45,000,000 in money in circulation and $38,000,000 in Treasury deposits with Federal Reserve Banks. Excess reserves of member banks on November 17 were estimated to-be approximately $1,100*000,000,,. an increase of $20,000,000 for the week. . •There was' a decrease, of $33,000,000 in holdings of United States Government securities, - Bills decreased $111,000.000 while certificates increased $77»000,000 and bonds $1,000,000, - .Changes in member bank reserve .balances' and related items during the. 'vreek and the year ended November 17, 1943, were as followss Increase or decrease since Nov, 17,. t Nov. 10, Nov, 18, ■ 1943 ' * ' , !943 1942 (In millions ,of dollars) Bills discounted ' . 34 ' + . 12 + 26 U. S, Government direct obligations 9.772 - . 33 +5,099 U. S. .Government guaranteed.obligations 60 : --- + 33 Industrial advances (not including 10 million commitments „Noyeipber Î7) 12 ' — - 4 Other Reserve. Bank credit. 494' + 162 + 167 Total Reserve Bank credit 10,372 : + 141 +5.327 Gold stock . ' 22,056 — - £45 Treasury currônôy • 4,101. ; + 1 +. 726 Member bank reserve balances 12,263 + 65 - 359 Money in circulation 19.559 + . 45 +5,094 Treasury cash' ' ' - ‘ • 2,29 5 4 + 44 Treasury deposits with F,. R, Banks 407 + 38 + 107 Nonmember deposits and other F. R, accounts 2,047 - 2; + 521 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

For™ /. R. 233c STATEMENT OF CONDITION OF THE FEDEIcAL RESERVE BAN US ON NOVEMBER 17, 19^3 (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 liinn* .Kans.Cy. Dallas San Fran,. F. notes in actual cir­ culation ¡*974,140 1095,241 3,516,715 1087,480 1,423,304 1075,719 888,384 15,025,556 683,049 372,-292 577,116 393,205 1,836,101 Deposits^ 1,263,244 625,341 4,009,014 615,671 9 61,506 519,850 497,465 1[,-845,264 432,926 284,749 573,800 504,744 1,392,914 406,625 22,27s 153,507 , 23,162 ' 27,860 13,921 19,092‘ 44,968 17,832 13,478 14,-317 15,152 35,558 Foreign •,363,373 30,373 1/593,966 121,680 117,837 55,076 44,829 • .156,262 53,425- 28,173 35,863 53,425 97,459 Other 350*490 4,567 255,500 - 4,803 9,542 4,935 2,330 . 5,056 10,715 8,008 2,410 4,181 37,915 Total deposits ,383*752 682^.559 5,016,987 765,316 1,116,745 598,782 564,266 2’,051,550 ’ 499,898. 354,415 626,890 562,502 1,565,844 .,505,805 83,820 307,617 104,451 164,532 113,077 100,149 220,741 73,444 54,685 85,533 56,667 156,089 accrued dividends 8,251 769 2,950 643 657 268 567 ;52 248 195; 325 217 482 TOTAL LIABILITIES -,871,923 1862,389 i8,844,269 1957,890 2,705,238 1737,846 1553,566 5>,298,739 1261,639 741,585 1289,862:1012,589 5,556,516 Capital paid in 150,422 * 9, 532 55,776 • 11,670 15,520 6,o?7 5,422 16,722 4,676 3,224- 4,970 4,557 12,276 Surplus (Section 7) 160,411 11,160 58,001 15,670 14,767 5,236 5,725 22,925 4,966 3,221 3,615 4,085 11,044 Surplus (Section 13b) 26,829 2,874 7,070 4,393 1,007 3,244 717 1,429 550 1,000 1,157 1,507 2,121 Other capital accounts 87,997 5,674 ■ ' 25,004 6,498 8,495 4,278 5,857 13,258 5,744 3,669 5,813 5,270 6,457 TOTAL LIABILITIES AND C&PITA.L ACCODKTS 32;297,597 1891*629 8*990,120 1996,121 2,745,027 18o6,681 1569*087 5*353,073 1275,555 752,699 1303,3951025,806 3,588,-594 G-onanitiaents* to make industrial advances 9,506 700 9 1,732 100 '770 — '337' ’ -- 3,000 2,858 — F* R# notes outstanding 16,529,-152 1130,544 3,637,445 1126,983 1,463,-581 ll07‘,42l 935,362 3,076,253 713,891 379,609 595,018 427,172 1,955,868 Collateral for F.R.notes held by F.R.Agents: , Gold certificates 14 185,000 792,000 3,305,000 830,000 1,265,000 850,000 730,000 2,910,000 425,000 328,000 510.000 361,000 1,879,000 Eligible paper • 29,905 1,400 8,795 9^360 3,450 ; 3,850 ; ’ '50 3,000 U*S#Govft securities 2', 664,189 350,000 350,000 300,000 200,000 27 5,0Q0 - 300,000 200,000 334,189 55,ooo 100.000 100,000 100,000 MATURITY DISTRIBUTION OF ¡3ILLS AND SBC Lit IT I ES Within l6 to 31 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 Bills discounted 33,735 29,705 325 2,455' 4,250 — * » — — — Industrial advances 12,.055 10,587 166 92 ■: ¡29 . / 503 302 .270 106 — U. S. Government -securities, } direct and guaranteed 9,831,P 17 1,773,272 922,741 1,791,246 1,366,797 666,900 764,600 211,400 702,97.1 1,131,390 l/ After deducting $763,5^6,000 participations of other F-deral Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F, R. 28Ja Released for publication Friday morning, Novenfoer 19,1914.3» not earlier*1 STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( In thousands of dollars) Increase or decrease since • Nov. 17* Nov. 10, Nov. 18, 1943 191*3 1942 A S S E T S Gold certificates on hand and due from U. S. Treasury 19,803,215 - 1,500 - 745,399 Redemption fund - F. R. notes 127,950 449 + 110,070 Other cash ■318,672 + 18,163 + 76,605 Total reserves 20,21*9,837 + 16,211* - 558,724 Bills discounted} Secured by U.S« Qovft obligations, direct and guaranteed 33*735 + 11,355 . + 30,330 Other bills discounted — — 5,055 Total bills discounted 33,735 + 11,355 + 25,775 Industrial advances 12,055 + 478 - ’ 3,496 U. S. Government securities,: direct and guaranteed} Bonds 1,566,061 - 704,310 + Lf\ O O Notes 688, ¿4.00 — - 644,642 Certificates 1,771,250 + 77,050 +1,055,350 Bills 5,80.6,106 t —*1 O +5,430,101 Total U. S. Government securities, direct and guaranteed 9,331,817 - 33>127 +5,136,999 Total bills and securities 9,877,.607 - 21,29!* +5,159,278 Due from foreign banks 136 -- .+ 39 F, R, notes of other banks 69,^09 + 5 + 28,390 Uncollccted items 2,000,028 +1*1*5,682 + ' 481,513 Bank premises 33,374 1 1,773 Other assets 62,196 + hl6 12,227 TOTAL ASSETS 32,297,587 +44 1,082 +5,096,546 L I A B I L I T I E S F. R. notes in actual circulation 15,974,.l4o .+ 55,915 +4,526,771 Deposits 1 Member bank-reserve account 12,263,214* + 65,067 - 358,732 U.St Treasurer- general account 1*06,625 + 37 , 599 + 106,994 Foreign 1,363,373 + ll*,l*02 +: 450,367 Other 350,1*90 - 16,500 + 11,629 Total deposits 14,383,732 +100,568 + 210,258 Deferred availability items 1,505,805 +283,588 313,952 Other liabilities including accrued dividends 8,251 + U70 + 2,482 TOTAL LIABILITIES 31,871,928 +1*1*0,51*1 +5,053,463 C A P I T A L A C COUNT S Capital paid in 150,1*22 + 79 + 4,986 Surplus (Section 7) 160,1*11 — + 2,909 Surplus' (Section ljb) 26,829 — + 48 Other capital accounts . 87,997 + 462 + 35,140 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 32,297,587 +1*141,082 +5,096,546 Ratio of total reserves to deposit and F. R. note liabilities combined 66,7# - ■ - 14* 5$ Commitments to make industrial advances 9,506 hoi 95 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F.ft. 283b STAT0/IENT OF CONDITION OF THE FEDERAL.RESERVE BANKS ON.NOVEMBER 17, 1943 (In thousands of dollars) A S S -B T S Total Boston New York Phila. Cleva, Rich.- Atlanta Chicago St.Louis Ivlinn. Kans.Cy. Dallas San Fran» Gold certificates on hand and due from u.s.Treasury 19,803,215 103-1,931 5,146,920 -111*5.381 1,687,292 1089,675 1003,813 3,714,478 689,005 439,21*5 792,935 595,282 2,467,258 Redemption fund - F..R.notes 127,950 17-543 19,763 15,900 10,428 15,570 11,862 1,432 19,935 3,007 5,46o 3.982 3,063 other cash 318.-672 26,715 77,674 23,846 23,260 18,999 17,773 47,505 12,611 9,349 14,143 9,743 37,054 Total reserves 20,249,837 1076,194 5,244,357 1185,127 1,720,930 1124,244 1033,443 3,763,415 721,551 451,601 812,538 609,007 2,507,375 Bills discounted* Secured by U.S. Gov* t obligations, direct and guaranteed 33,735 1,400 3,795 9,360 305 3,450 3,500 — 3,850 50 3,000 25 — Other bills discounted --- -- — — --. • -- — — — — Total bills discounted 33,735 1,1:00 8,795 9,360 305 3,450 3,500 -- 3,850 50 3,000 25 Industrial -advances 12.055 1,429 152 4,761 390 238 227 4 184 30 15 4,625 U. S. Government securities, direct and"guaranteed: Bonds 1,566,061 152,750 107,040 133,353 230,252 134,589 112,506 162,612 79,048 60,895 94,509 95,898 202,609 Notes 683,400 •67.145 47.052 53,618 ' 101,213 59/162 49,455 ■ 71,480 •34,748 26,768; •41,543 42,154 89,062 Certificates . 1,771*250 172,764 121,065 150,824 260,422 152,221 127,246 183,918 89,4o6 68,874 106,891 108,463 229,156 Bills 5,306,106 246,3.55 2,997,541 ■317,913 217,172 •135,433 109,354 * 854,492 243,125 89,941- 119,685 89,039 336,051 Total U. 3* Gov11 securi.ties, direct and guaranteed 9,831,817 639,014 3,272,693 660,713 809,059 531,405 398,561 1,272,502 446,327 246,478 362,628 335,554 856,878 ' - ■ Total bills and securities 9.977,607 641,043. 3.281,645- 674,334 809,754 535.093 402,288 1,272^506 450,177 246,712 365,658 335,594 861,503 Due from foreign banks 136 3 1/ 55 13 13 6 5 17 3 2 4 4 11 *\R.notes of other banks *69,409 i,6H 12,149 2.646 3,395 10,617 5,683 7,317 6,162 2,375 5,650 3,530 7,574 Uncollected items 2,000,028 164,020 434,632 124,300 197,174 129,086 122,030 300,189 92,528 43,431 113,170 73,002 201,466 Bank premises 38,374 2,675 9,64o 4,636 4,232 2,953 1,661 2,869 2,072 1,285 2,743 979 2,629 Other assets 62.196 ■'5.083 7,642■ '4,565* ‘ 8,979 4,682 3,972 6,760 •3,062 2,293 3,632 3,690 ___7,836 TOTAL ASSETS 32,297? 587 1891,#9 8,990.120 1996,121 2,745,027 1806>, 681 1569,087 5,353,073 1275.555-752,699 1303,3951025,806 3,588,394 l / After deducting $81,000* participations' of other*Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis