H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. ft. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Saturday, morning, Nov, 27; of the Federal Reserve System not earlier ' November 26, 1943 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 24 member bank reserve balances increased $139,000,000. ‘ iidditiorts to member bank reserves arose from an increase of $420,000,000 in Reserve Bank credit, offset in part by increases of $25,000,000 in nonmember deposits and other Federal Reserve accounts, $167,000,000 in money in cir­ culation, $72,000,000 in Treasury deposits with Federal Reserve Banks, and $2,000,000 in-Treasury, cash, and a decrease of $15,000,000 in gold stock. Excess reserves of member banks on November 24 were estimated t‘o be approximately $1,01*0,000,000, a decrease of $60,000,000 for the week. There was an increase of $532,000,000 in holdings of United States Government securities.. Bills increased $452,000,000, certificates $72,000,000, notes $5,000,000, and.bonds $3,000,000. Changes in member bonk reserve balances and related items during-the week and the year ended November 24, 1943, as follows» Increase or decrease s ince Kovf 24, Nov.'17, Nov* 25, 1943 ' ’ 1943 19U2 (In millions of dollars) Bills discounted 4B ■+ 14 ♦ 38 U, S. Government direct obligations 10,301 + 529 +5,430 U. S. Government■guaranteed.obligations 63 +' 3 + 41 Industrial advances (not including 10 million commitments - November -24) 12. —• 3 Other Reserve Bank credit 369 •- 125 + 155 ' Ttjfcal Reserve Bank credit 10,792 + 420 +5,709 Gold stock . . 22,081 - 15 - 661 Treasury currency 4,101 + • 724 Member bank reserve balances 12,402 + 139 - 344 Money in circüration - 19,726 + 167 +5,078 treasury cash 2,295 + 2 + 56 Treasury deposits with F. R. Banks 479 + 72 +• 411 Nonmember deposits and other t. R. accounts 2,072 + 25 + 572 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F 283c '.STATEMENT OF CONDITION OF THE FEDERAL kSSEltVB BANKS OF N07EMBSR 24, 1943 (In thousands of dollars) ¿ I L I T I B S -, Total Boston 'New'lYork : Phila. Cleve. Kich. .Atlanta Chi'cago St.Louis Minn* KansjCy. Dallas San Fran. ¿u>tos in actual: çir- * ' -, -,: • ... ... eu.».. c^ron 16,131,302 1107,522 3,565,165 1100*175 1,436,.585 108^,543 888,191 3,648,321 '686,305 373,683 579,703 392,617 1,868,572 Deposits: , . : / ■ • . i^-inber bank-reserve .aèfct. 12,401^91? 605*421 4,083,975 611,601 958,995 515,519 503,768 1,903,210 435..207 284,156' 580,738 507,128 1,407,199 U.S«Treasurer-generallacet* 479,209- • 1?^036 201,193 24,015 44,900 23,984 25,395 50,468 ' 33,642 15,032 14,183 20,030 7,331 Foreign ' v 1,393,404 . : 33,295 l/6(^,474 • 125,262. 121*306 56,697 46,149 160,863 39^556 29,008 36,919 39,556 100,319 0ther 340,014 . .4,028 " 250,592 . 3,458: 7,568 6,335 2,444 4,916 9,145 8,792 2,097 2,715 38,724 Total deposits 14,620,344 661,780 5,145,234 '764,336.1,132,7fc9 602,535 577,756 2,124,457 517,550 336,983 633,937 569,429' 1,553,573 Deferred availability items 1,252,968 57,817 243,995 ; 70,963: 139,363 99,262 81,198 196,842 •- -65,004 29,186' 78,^38 47,720 137,680 Other liabilities including accrued dividends 8,290 687 3,050 7I9 656 293 281 1,019 235 228 "292 249 531 TOTaL LIABILITIES' 32,012,984 1827,806 8,962,444 1936,193-2,709,373 1786*633 1547,426 5,370,639 1269,144 740,085 1292,8701010,015 3,560,356 Capital paid in . 150,504 9^529 55.796 11,676 15,522 6,073 5,422 16,731 4,677 3,228 4*976 4,593 12,276 Surplus (Section 7) 160,411 1*1,160 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 88,284 5,733 25,004 6,544 8,567 4,323 3,830 13,127 3,762 3,602 3,357 3,287 6,493 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 32,439.012 18.57,102 9.108.335 1974.476 2,749.236 1805,514 1563,170 5,424,351 1233,079 751,216 1306,4531023,235 3,592,2$5 Commitments to make industrial : advances 9,732 700: 9 1,959 100 770 mum 337 3,000 — 2,357 F. k. notes outstanding 16,712,795 114^250 3.668,735 1135,739 1,475,900 1117,054 953,543 3,100*029 719,359 360,864 603,020 429,106 1,983r69l Collateral for F.K.notes held by F.k.Agents* Gold certificates 14,185,000 802,000 3,325,000'840,000 1,280,000 850,000 730,000 2,830,000 425,000 328,000 510,000 361,000 1,904,000 Eligible paper 33,440 . '6I5 22,020 4,080 4,375;. ,— . •6,300 • 50 . 1,0.00 — — U.S, Gov* t socuriti.es 2,783,697 350,000 350,000 300,000 200,000 275,000 •300,000 300,000 : 353,697 55,ooo 100,000 100,000 100,000 MATURITY DISTRIBUTION. OF'BILLS AND SECURITIES ...Within 16 to 31 to 61 to 91 days to 6 months 1 to 2 2 to 5 Over Total 15' days 3Q. days 60 days 90 days 6 months to 1 year years years 5 years Bills discounted 47,610 43,530 815 2,165 1,300 — — — — Industrial advances 11,67 6 10,226 154 9I 38. ìés' 294‘ 269 : • IO6 u. fc>. Government securities, • direct and guaranteed 10,363,875 1,923,307 854,125 2,024,877 2,009,843 717.700 784,600. 211,400 702,971 1,135,047 l/ After deducting $785,736,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FOm F. k. 283a Released for publication Saturday.morning,'.' November 27,1943» not earlier, STATEMENT 0? CONDITION OP THE. TWELVE FEDERAL RESERVE BANKS .COMBINED (In thousands of dollars) Increase or decrease since Nov. 24» Nov. 17, Nov. 25, 19U3 1943 . 19U2 A S S E T S Gold certificates on'hand and duo from U, S. Treasury 19,784,215 - 19,000 - •770,401 Redemption fund - F.R; notes 130,406 + 2,456 111,586 Other oash 310,149 - 8,523 74,255 Total reserves 20,224,770 -25,067 584,560 Bills discounted! Secured by U. S, Gov't obligations, direct and guaranteed 47,610' + 13,875 42,395 Other bills discounted -- — . - 5,000 Total bill3 discounted •47*610 ♦ 13,975 37,395 Industrial advances 11,676 379 3,536 U. S. Government securities, direct and guaranteed» Bonds 1,569,218 + 3,157 — * 803,988 Notes 693*400 + 5,000 - 658,678 Certificates 1,843,550 + 72,300 +1,107,650 Bills 6,257,707 +451,601 +5,876,135 Total U. S. Government securities, direct and guaranteed 10,363,875 +532,058 +5,521,119 . T .. o .. t .. a .. l .. .. b ... i .. l .. l .. s .. an ■■ d ■ ... s .. e ... c .. u .... r .. i .. t .. i . e ... s . 10,423,161 +545,554 +5j,554,978 Due from foreign banks 136 -- + 89 F. R.notes of otti^r banks 67,534 - 1,875 + 28,902 Uncollected items 1,621,943 ' -378,085 333,058 Bank premises 38,349 25 - 1,772 Other assets 63,119 + 923 - 18,405 TOTAL ASSETS 32,439,012' +141,425 +5,312,290 L I A B I L I T I E S F. it. notes in actual circulation 16,131,382 ‘ +157,242 +4,515,119 Deposits» - Member bonk - reserve account 12,40.1,917 ♦138,673 343,649 U.S.Treasurer - general account 479,209 + 72,584 ♦ . 410,790 Foreign 1,398,404. + 35*031 + 491,281 Other 340,814 - 9,676 + 15,323 Total deposits 14,620,344 +236,612 + ": 573,750 Deferred availability items 1,252,968 -252,837 + 173,441 Other liabilities including accrued dividends .8,290 . + . 39 • + 2,011 T Ti».L LI-iBILITIiiS 32,012,984 +liil,056 +5,269.321 0 C A P I T a L A C COUNT S Capital paid in 150,504 + 32 + 5,060 Surplus (¿oction.7) l6o>4H. — + .2,909 Surplus (¿>octior. 13b) 26,829 — .■ ■ + . 48 Other capital accounts 88,284 + 287 + 34,952 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 32,439,012 +141,425 +5,312,290 Ratio of total reserves to deposit and F. k.note liabilities combined 65.8% - .9^ - ■15*395 Commitments to make industrial advances 9,732 + 226 - 799 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form P. R. 283b STATEMENT OF CONDITION OP THE FEDERAL RESERVE BANKS ON NOVEMBER 21*, 1943 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve, 'Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S. Treasury 19,784,215 1019,953 5,135,904 1121,666 1,736,549 1084,000 1022,982 3,723,254 688,493 439,029 782,929 595; 564 2,1*33,892 Redemption fund - F.R.notes 130,406 17,478 19,434 15,775 10,347 16,854 11,735 1,345 19,909 2,993 5,442 ■3,962 5,027 Other cash 310,149 26,2?7 73,948 23,010 21,306 20,085 20,069 39,545 12, äU 9,239 14,361 10,345 38,453 Total reserves 20,224,770 1063,728 5,229,336 1161,251 1,768*202 1120,939 1054,836 3,7&*,l44 721,043 451,316 802,732 609,371 2,1*77,372 Bills discounted: Secured by U.S«^ Gov’ t obligations, direct and guaranteed 47,610 615 22,020 4,080 315 4,375 8,800 • • 6,300 50 1,000 25 30. Other bills discounted — — — — — -- — — — — — — — Total bills discounted 47,610 615 22,020 4,080 315 4,375 8,800 — — 6,300 50 1,000 25 30 Industrial advances 11,676 1,427 I52 4,385 390 238 226 4 — 184 30 15 4*625 U. S. Government securities. direct arid guaranteed: Bonds 1,569,213 152,434 112,21*6 133,528 229,570 134,142 112,067 163,271 79,OB7 60,814 94,404 95,567 202,038 Notes 693,400 67,379 49,599 59,003 101,441 59,274 49,520 72,145 34,947 26,372 41,715 42,229 89,276 Certificates 1,043,550 179,144 131,363 156,874 269,703 157,594 131,661 191,312 92,912 71,443 110,907 112,273 237,359 Bills ’ 6*257,707 262,089 3,194,075 357,259 208,861 196,492 97,221 965,352 262,639 93,398 133,351 93,140 392,830 Total U. S. Gov*t securities% direct and guaranteed 10,363,375 661,096 3,487,733 706,664 809,575 547,502 390,469 1,393,030 469,585 253,027 330,377 343,209 921,503 TotaJ bills and securities .10,423,161 ' 663,138 3,509,960 715,129 810,280 552,115 399,495 1,393,034 475,38 5 253,261 331,407 343¿249 926,158 Due from foreign banks 136 3 1/ 55 13 13 6 5 17 3 2 4 4 11 notes of other banks 67,534 1,318 1^,341 3,012 3,492 10,011 5,968 7,173 5,428 2,292 5,039 2;858 8,097 Uncollected items 1,621,91*3 120,392 339,095 85,759 153,956 114,715 97,236 250,350 75,523 40,744 110,855 62^601 170,217 Bank premises 33*349 ' 2,675 9,640 4*636 4,223 2,943 1,660 2,870 2,072 1,235 2,743 . 979 2,623 other assets 63,119 5,.348 7,908 4,676 9,070 4,785 3,970 6,708 3,125 2,316 3,673 3i723 7,317 TOTAL ASSETS -32,1*39,012 1857,>02 9,108,325 1974,476 2,749,236 1805,514 1563,170 5,424,851 1283,079 751,216 1 3 0 6 , 4 5 3 2 8 5 3,5?2,295 l/ After deducting $81,000 participationsof other Federal Reserve Banks* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis