H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form . F, R.. 233 STaTEMBNT FOR THE PRESS' Released for publication Board of Governors Friday morning, Dec. 10; of the Federal Reserve System not earlier. December 9» 1943 CONDITION OF THE FEDERAL RESLRVE BANKS During the week ended December 8 member bank reserve balances increased $7*000,000. Additions tp meirjber bank reserves arosd from‘an increase of $666,000,000 in Reserve Bank credit, offset in part by increases of $1+11,000,000 in Treasury deposits witji Federal Reserve Banks; $195,000,000 in money in circu­ lation, $32,000,000 in nonmember deposits and other Federal Reserve accounts and $2,000,000 in Treasury cash and a decrease of $21,000,000 in gold stock,- Excess reserves of member banks on December 9 v/ere estimated to be approximately $920,000,000, a decrease of $180,000,000, for thO week, . There was an increase of $569,000,000 in holdings of United States Govern­ ment securities. Bills increased $375,000,000, certificates $176,000,000, bonds $13,000,000 and notes $5,000,000. Changes in'mGnib6r bank: reserve balances and related items during the week' and the year ended December 8,.: 1943, wer^ as follows* Increaée or; decrease since Dec..8, LjO c . 1 ,- Dec. 9, 191+3- 1943; 1942 ( In millions - of. !dollars) * Bills 4iSCQunted • 108 + 55 + 99 U. S. Government direct obligations 10,937 +567 +5,418 U. S. Government guaranteed obligations 79 2. + 52 Industrial .advances, (-not including *9'milli commitments - December 8) 11 - 1 - 4- Other Reserve 3ank' credit 4o6 ■ . +44 + 163 Total Reserve Bank credit 11,540 *■ +666 +5,727 Gold stock ‘22,044 - 21 - 699 Treasury currency 4,102 + 1 + 719* ■ iwember bank reserve balances 12,569 + 7 - 698' Money in circulation 20,135 '+195 +5,149 Treasury cash 2,301 + 2 .+ 109 treasury deposits -with rF.R, ..Banks 686 +411 + 626 Konmember deposits ana other F.R‘, accounts 1,995 •+ 32 + 560 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT OP CONDITION OF THE FEDERAL RESERVE R.NKS ON DECEMBER 8, iQhj (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 cir­ culation 1 16,527,744 1133,606 3.641,530 1121,949 1,468,011 1120,499 925,623 3.104.745 707,714 330,339 598,737 410.249 1.914,737 Deposits : .t 12,569,053 630,020 4,144,016 623,864 957,404 513,197 510.503 1,943,098 438,657 289.920 577,479 511,307 1,424,038 685,718 53,736 256,601 41.747 67.240 27,151 30,107 63,403 32,664 28,764 30,267 19,039 34,897 Foreign 1,447,872 34,278 1/642,674 127,790 123,755 57,842 47,081 i64.no 40,355 29,594 37.665 40.355 102,373 Other 215,964 3,761 103,602 13,009 8,914 4,279 3,611 4.135 9,992 9,112 2.955 3.947 43,647 Total deposits 14,918,607 721,847 5,146,893 811,410 1,157,313 607,469 591,302 2,174,746 521,068 357.390 643.366 575,193 1,605,005 1,233,990 86,444 241;, 9 55 73,318 125,003 98,210 76,074 177.539 69,639 -30,982 78,626 42,873 130,322 Other liabilities including accrued dividends 10,095 711 2,999 2,110 323 354 327 1,053 289 235 320 232 637 TL’TAL liabilities 32,690,436 1942,608 9,036,377 2003,737 2,751,155 1826,532 1593,331 5,453,083 1299,310 768,946 1326,049:1028.557 3,650,701 Capital paid in 150,846 9,771 55,300 11,704 15,557 6,079 5,424 16,741 4,679 3*, 231 4.931 4,601 12,273 Surplus (Section 7) 160,411 11,160 58,001 15,670 14,767 5,236 5,725 22,925 4,366 3,221 3,613 4,083 n,o44 Surplus (Section 13b) 26,829 2,874 7,070 4,393 1,007 3,244 717 1,429 530 1,000 1,137 i,3>7 2,121 Other capital accounts 39,192 5,819 25,139 6,619 3,648 4,337 3,934 13,214 3,851 3,723 3,961 3,343 6,554 TCT.iL LIABILITIES AND CAPITAL ¿ACCOUNTS 33,117,71u 1972,232 9,182,387 2047,173 2,791,134 1845,478 1609,131 5,512,392 1313,336 730,121 1339,7411041,891 3,032,698 Comnitmonts to make industrial advances 8,735 — 9 1,539 100 770 — — ,337 -- 3,ooo — 2,930 F. R. notes outstanding 17,031,082 1161,155 3,746,923 1154,971 1,502,961 1149,810 967,302 3,157,266 733,029 335,676 617,464 435,373 2,013,147 Collate* aL for F.R.notes hold by F.R. Agents: Gold certificates 13,869,000 776.000 3,415,000 805,000 1,105,000 800,000 700,000 2,890,000 425,000 288,000 430,000 256,000 1,899,000 Eligible paper 105,075 5,030 84,500 5,695 -- 1,550 — — 3,300 -- U.S.Gov't securities 3,401,813 400.000 350,000 350,000 400,000 375,ooo 300,000 300,000 351,813 100,000 150,000 175,000 150,000 MATURITY DISTRIBUTION Pi* BILLS AND SECURITIES Within 16 to 31 61 to 91 days to 1 to6 2m ont2h sto 5 Over Total 15 days 30 days 60 days 90 days 6 months yeartso 1 yyeaearrs 5 years Bills discounted 107,893 96.623 2,575 6,595 100 Industrial advances 10,530 8,549 71 42 1,126 112 268 26o 102 ü. S. Government securiti.es, direct and guaranteed 11, 015 * 9 5U 1,435,032 954,947 2,302,291 '2,199,387 894,100 1,165,250 211,400 702,971 1,150,576 l/ After deducting $802,662,000 participations of other Federal R.serve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F* R. 28-3a 1 ’ Released for publication Friday morning, December 10,1943» not earlier. ..STATEMENT .OF CONDITION OF X.HET TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) .Increase or decrease since Dec. 8, Dec. 1, D©c• 9 9 . i 1943 1943 1942 A S S E T S * Gold certificates on hand and duo from U. S, Treasury 19,696,015 - 42,500 - 858,599 Redemption fund * F. R. notes 178,817 + 21,021 + 161,653 Other cash 293,124 - 13,864 + ' 53,584 Total resorve's 20,167,956 - 35/343 • - 643,362 Bills discounted: Secured by U. S.Gov»t obligations, direct and guaranteed 107,B93 + 55,198 + '104,208 Other bills discounted — — 5,068 Total bills discounted 107,893 + 55.198' + 99,140 Industrial advances 10,530 976 4,697 U. S,Government securities, direct and . ^.¿aranteed: Bonds 1,584,747 + 12,460-. . -l',099,927 Notes 710,900 + 5.000 ■ -■ 655.664 Certificates 2,085,950 +176,300 +1, 167,429 Bills 6,634,357 +375,114 +6,058,319 Total U4.S, Government securities, V . direct and guaranteed 11,015,954 +568,874 +5,470,157 Total bills and securities .11,134,377 +623.096 +5,564,600 Due from foreign "banks - 136 + 89 F. R. nates of other banks' 69,264 + 3,274 + 29,319 Uncollected items 1,639,868 - 96,440 + 329.875 Bank premises 38,287 — 1.776 Other assets.. 67,826 + 4,432 - 32,603 TOTAL ASSETS 33,117,714 +499,019 +5,246,142 L I A B I L I T I E S F. R. notes in actual circulation 16,527,744 • +184,850 +4,625,531 Deposits} Member bark - reserve account 12, 569,053 + 7,257 - 697,789 U. S, Treasurer - general account 685,718 +410,502 + 625,664 For'- igr 1,447,872 + 26,038 + 651.026 Other 215,964 + .8,273 - 169,821 Tot'.l deposits 14,913,607 +452,070 + 409,080 Deferred availability items 1,233,990 - 140,021 + 166,673 Other liabilities including accrued dividends 10,095 + -1,705 + 1,622 T0T.iL LABILITIES 32,690,436 +498, 6o4 +5,202,906 C A P I T A L A C C OUNT S i Capital ipaid. in 150,846 + . , 73, + 5.372 Surplus (Section 7) 160,411 + 2,909 Surplus '( bection 13b) 26,829 + 48 - - Other capital accounts 89,192 + 342 + 34,907 TOTAL LIABILITIES iiND CAPITAL ACCOUNTS .33,117,714 +499.019 +5,246,142 Ratio of total reserves to deposit and F, R, note liabilities combined 64.1% - 1.5?» - 14.7% Commitments -to make industrial advances 8,735 - 1,152 1,646 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 233b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS CH DECEMBER 3, 19U3 (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 19,696,015 1005,319 5,322,022 1099,631 1,5-35,537 1070,531 931,315 3,308,194 673,033 419,580 716,351 525,514 2,452,833 Redemption fund - K.R. notes 173,817 20,510 13,939 16,481 21,l6l 21,217 13,598 15,140 19,346 5,177 7,389 3,413 0,630 other cash 293,124 23,503 72,052 23,035 19,973 18,326 19,607 37,665 11,673 9,091 13,943 9,476 34,£90 Total reserves 20,167,956 1050,225-5,413,015 1141,197 1,626,671 1110,074 965,020 5,940,999 709,612 455,343 757,683 545,405 2,496,211 Bills discounted: Secured by U.S. Govft obligations, direct -and guaranteed 107,893 5,030 34,500 5,6?5 705 1,550 1,000 --- 3,300 — — 1,085 50 Other bills discounted --- --- --- --- --- --- --- — — --- — — --- Total bills discounted 107,395 5,050 04,500 5,695 705 1,550 1,000 --- 3,500 --- --- 1,005 50 Indus trial advances 10,530 544 152 4,405 590 257 226 4 — 177 50 15 ¿4,550 U. S. Government securities » direct and guaranteed: Bonds 1,584,747 145,615 111,206 155,025 241,507 151,506 126,493 141,602 77,035 61,152 107,525 106,101 200,759 Notes 710,900' 64,424 49,921 60,950 106,550 59,02ô 56,745 65,611 34,556 27,425 43,254 47,652 90,050 Certificates 2,035,950 189,038 146,432 173,732 517,391 175,204 l66,504 136,64? 101,396 30,465 141,529 139,763 264,251 Bills 6,634,357 371,086 5,009,102 419,798 526,545 255,727 166,477 926,459 237,735 129,497 134,312 158,957 440,886 Total L'.3.GovTt securities, * > direct and guaranteed 11,015,954, 768,163 3,51ö,79l 795,535 994,079 597,545 516,224 1,518,519 500,713 298,515 481,598 432,513 995,954 Total bills and securities 11,134,577 775,557 3,401,445 305,435 995,174 599,332 517,450 1,513,525 509,01s 298,692 401,623 435,611 i ,ooo,554 Due from.foreign banks 136 5 1/ 55 13 15 6 5 17 5 2 4 4 11 F.R.notes of other banks 69,264 1,505 10,330 2,011 5,597 10,395 7,127 7,517 5,i 6o 2,160 4,256 2,699 12,179 Uncollected items 1,659,868 158,102 '559,617 37,515 151,725 '117,925 113,501 256,259 - 34,557 41.,-747 109,204 57,111 165,047 Bank premises 58,287 2,671 9,622 4,624 ■ 4,225 2,945 1,657 2,365 2,068 1,285 2,757 971 2,625 0thor assets 67,826 6,191 7,757 6,573 9,755 4/305 4,571 6,452 5,158 2,589 4,249 4,092 3,095 TOTAL ASSETS 55,117,714 1972,252 9, 18^,587 2047,175 2,-791,154 1345,478 1609,151 5,512,592 1513,356 730,121 1559,7411041,891 5,632,693 f . l/ After deducting $31,000 .participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis