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, Dec. 31J of 'the Federal Reserve System not earlier. December 30, 19^3 CONDITION OF THE FEDERAL RESERVE B*NKS During the week ended December 2r) member bank reserve balances increased $92,000,000. Additions to member bank reserves arose from decreases of $203,000,000 in Treasury deposits with Federal Reserve Banks and $9,000,000 in Treasury.cash, offset in part by a decrease of $29,000,000 in heserve Bank credit and increases of $4.6,000,600 in taoney in circulati'on" an# $45*000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of meinber banks on December 2g were estimated to be approximately $1,130,000,000, an increase of $210,000,000 for the week. There was an increase of’ $64^000,000 in holdings of United States Government securities, . Certificates increased $135*000,000 and bonds $10,000,000 while bills decreased $81,000,000, •Changes in member bank, reserve balances and related items during the week and the year ended December 29, 1943* v«ere as follows s Increase or decrease since D e c v 29, Dec. 22, Dec, 30 19U3 19^3 19U2' (In thousands of dollars) Bills discounted 101 + 31 + 96 U. S. Government direct obligations •11,533 + 62 +5*580 U. S« Government guaranteed obligations 32 + 2 + 46 Industrial advances (not including*9 million commitments - December 29) 10 — 4 Other Reserve Bank credit 704 -123 + or DC Total Reserve Bank crédit 12,430 - 29 +6,002 Gold stock 22,004 - 722 - - Treasury currency 4,096 - 1 + 468 Member bank reserve balances 12,76) + 92 - 19 Iuoney in circulation 20,428 + 46 +5,021 Treasury cash 2,316 - 9 + 122 Treasury deposits with F. R* Banks 764 -203 - Ixl Nonmombér'deposits and Other FfRfa-ccounts 2,253 • + 45 + 672 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ver;:- F. 'h. 283c SÏAÏBk^T 0 F 0 CADITI Ok OF Tiil1 F3LERAL RüSEkVti B..NKS OK DiÆE^iiER 29, I9U3 (In thousands of dollars) L I A B I L I T I E S Totol Boston New York Phi la. C1eve. Rich. Atlanta Chicago St.Louis Id nr.. Kar.s.Cy. •Dallas San Fran. P.. notes in actual cir­ culation 16,874,307 1156,1*32 3,750,965 1151,433 1,501, 229 1141,306 948,462 3,157,033 723,31*9 334,646 010,324 1*12, 7ol 1,936.307 ./eposits : iienbsr bank-re serve acct. 12, 769,139 650,786 4,30.1,343 626,930 1,021, 390 510,363 506,614 1,394,007 443,650 295,^35 573,516 U99> O99 1,437,001 U.S.Treasurer-general acci 763,810 40,926 215,095 23,365 33, li* 7 1*5,351* 1*1, 571 31,573 2-7,674 32,044 . 41,693 44^293 32,070 Foreign 1,512,51*5 37,531 1/653,043 135,1*43 13I, 166 61,306 49, 900 173,937 42,771 31,366 • 39,920 42,771 103,336 vther 395,352 4,110 236,790 7,100 13, 563 1,341 7,994 4,294 11,3:9 10,120 l , 2 66 2,574 44,3H Total deposits 15,440,996 741,353 5,461,276 797, '.'>33 1,249, 766 619.369 606, 079 2,153, ;;ii 525,434 369,015 656,395 533,742 1,671,763 Deferred availability items i,49U,.i2l .70,369 309,366 95,003 I96,393 108,761 32, 122 252,354 72,311 31,113 63,054 50.725 157,51*0 ether liabilities including accrued dividends 10.156 323 3»oU5 070 . 1,051* 414 528 1,139 3l*i* 277 410 365 332 TuIAL LIABILITIES 33,819,980 1969.032 9. 524,652 2045, 151* 2.9U3,442 1370,350 1637, 191 5,564,392 1321,433 735,056 1335,133 1052 , 593 3,766,447 Capital paid in 153,938 9,797 57,331 11,686 15, 573 6,124 5,1*53 17,377 4,693 3,236 5,033 4.657 12,47: Surplus (Section 7) 160,411 11,160 53,001 15,670 1Ù,767 5,236 5,725 22,925 4,966 3,221 3,613 4.083 n,044 Surplus (Section 13b) 26,829 2,874 7,070 ¿t, 393 1, 007 3,244 717 1,429 530 1,000 1,137 1,307 2,121 Other capital accounts . 2?i232_ 5,992 25,31*0 6,731 3/891 1*, 523 ......Jiz 062 • 13,1*07 3,950 3,782 4,020 3,468 6,713 TCTiJLi LIABILITIES jJfD CAPITAL ACCOUNTS 3U,258,067 1998,855 9*672,39U 20B3>68U 2,908,650 18^9,JU77 1653,1^8 5, 620,030 1335,612 796,295 131*8,986 1066,108 3,798,798 3 ommi tments to make industria1 advances 9,1;38 700 9 1,998 100 77c — 337 — 3,000 2,524 F. R. notes outstanding 17,498,108 1203,996 3,371.709 1185,449 1,553,231 1-83,475 999,354 3,219,343 759 , 619 392,472 633 ,-052 448,146 2,047,762 Collateral for F.R.notes held by F.R..agents: Gold certificate's 13,526,000 761,000 3, 51*0,000 715,000 1,055,'-'00 300,000.. 675,0-0 2,300,000 4oo,ooo 245,000 420,000 261,000 1,794,000 ¿ligible paper 92,167 2,635 60,320 1,175 3l*o — 11,500 750 14,91*7 — U.S.Gov’ t securities 4,188,220 450,000 3 50,000 475,300 500,000 400,000 350,000 400,coo 333,220 150,000 230,000 200,000 300,000 MATURITY DISTRIBUTION LF B -LLS AKD SECURITIES Within 16 to 31 to 6l to 9I days'tó 6 ■months 1 to 2 - 2 to 5 Over Total 15 day;s 30 days 60 days 90 days 6 months * to 1 year years years 5 years Bills discounted 100,612 92,1 j 390 5,200 12,050 - - — — -- — Industrial txdvancos 10,133 3,253 26 583 509 115 253 249 90 --li.-S. Government securities, direct fond guaranteed 11,614,389 1,276,217 973,370 2,736,351 2,270,437 1,221,000 1,235,550 223,500 437,971 1,190,1:93 l/ After deducting $851,175,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283a Released for publication Friday morning, December 31»I9l*3i n0^ earlier, . . STATEMENT OF CONDITION OF THE TWELVE. FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Dec. 29, * Dec. 22, Dec. 30, 191*3 19^3 191*2 . •U 'S S ETS Gold certificates on hand and due from U. S. Treasury 19,611;, 765 - I3,i#95 - 908,516 Redemption fund - F. R, notes 218,1*95 -+ 11,-1+77 + 186,931+ Other cash • ■ 3 lit »723 + 23,302 - 19,01+3 Total reserves 2o.lli7.9B8 + 21,291+ - 71+0,625 Bills discounted: Secured by U. S.Gov't obligations, direct and guari-nteed ' 100,6i2 + 30,567 ' + 98.1+02 Other bills discounted — — 2,51+8 Total bills discounted 100,612 + 30,567 + 95,351+ Industrial advances 10,138 255 3.861 U. S. Government securities, direct and .guaranteed« Bonds 1,621+,66l+ + 10,21*0 -l,l61+,667 Notes 676,900 — - 667,159 Certificates 2,li07,150 +13!*, 3 OQ +1,371+, 150 Bil'ls '6,906,175 - 81,01+2 +6,083,653 Total U.S. Government securities, direct and guaranteed 11, oil*,889 + 63,1+98 +5,625.932 Total bills and s.ecur.ities 11.725.639 + 93,810 +5.717,975 Due from foreign banks 136 — + 39 F. R. notes of other banks 82,686 + 6,1+22. + 30,623 Uncollected items 2.198.1+58 -250,763 + 505,753 Bank premises 38.320 33-' - ’1,665 Othar assets 53. 81+0 + 1,25!* - 29,521+ TOTAL ASSETS 3!+,252,067 - 128,026 +5,1+32,631 ■ L I A B I L I T I E S F, R. notes in actual circulation 16,87U,807 + 66,079 +l+,636,585 Deposits * Member bank - reserve account 12,769,189 + 92,032 - 18,821+ U.S# Treasurer - general account . 763.310 -203,578- . - ]+?, 525 Foreign . . . . 1.512.5U5 + 26,156 + 706,303 Other 395,352 + 17,576 - 113,895 Total deposits 15,1+1+0,396 - 67,761+ + 526.059 Deferred availability items 1,U9U,121. - 128,1+98 • • + 222,016 Other liabilities "including accrued dividends 10,156 + 621 + 2,087 TOTaL liabilities 33,819.980 -129,562 +5,1+36,71+7 c a p i t a l a c c o u n t s Capital paid in 153.933 + 751 + 7,907 Surplus (Section 7) l6o,l+ll — + 2,909 Surplus (Section 13b) 26,829 — + 1+8 Othsr capital accounts^ • 90.,909 • 785 + * 3^,020 total liabilities'ard CAPITaL accounts 31+,252,067 -123,026 +5,1+32,631 Ratio of total reserves to deposit and F. R. note liabilities combined 62.3% - ll+,3?o Commitments to make industrial advances 9.U33 + 51*1* 1,308 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R, 233b ST.iTEUENT OF CONDITION OF THE' FEDERAL RESERVE BANKS OK DECEMBER 29, 191*3 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis I linn. Kans.C.y. Dalias San Fran. Geld certificates on hand and due from U.S.Treasury 19,6114,755 1033,532 5,330,133 1065,639 1,1*75,333 1023,237 '331*,l*6l 3,779,679 61*7,091 330,590 659,253 1*33,016 2,31*7,751 Redemption fund - t. R.notes 218,1*95 22-, 525 22,81*1* 21*, 238 25,317 22,29Ì4 17,055 19,758 19,733 7,633 11/308 9,837 15,1*1*3 Otner cash _31ii.._Z2S_ 27,753 72,573 21*, 1*9 5 _ 23.355 19,567 _ 2Ü Jl&L 39,392 13,631 3,659 12,920 10»08£ 37.322 Total reserves 20,11*7,933 1083,310 5,925,555 1111*,372 1,521*, 555.1070,093 925,985 3,833,829 680,1*60 396,882 683,1*81 502,9140 2,1401,021 ¿ills discounted: ■ Secured by,.-U.S. Govf t obligâtions, direct and guaranteed 100,612 2,635 60,320 1,175 61*0 31*0 500 6,500 11,500 750 ll*,9l*7 55 750 Other bills' discounted — — — — — — — — — -- Total bills discounted 100, 612 2,635 60,820 1,175 6!*o 31*0 500 6,500 11,500 750 Ik,9^7 55 750 Industrial advances 10,138 31*2 126 l*,ol*7 390 235 221 1* -- 178 30 15 li, 550 u. 0. Government securities, direct and guaranteed: , Bonds 1,621*, 661* 11*3,022 166,073 138,121* ' 23I*, 1Ì6 123,121 . 120,595 152,623 73,193 60,597 105,153 101,823 196,221* Notes 676,900 59 , 539 69,193 57,5l*e 97,5u2 53,330 . 50,2lt5 63,539 32,573 - 25,21*7 ■• 1*3,311 1*2,1*23' 31,755 Certificates 2,1407,15 0 211,906 21*6,06I . 2ol*,'61*9 31*6,875 189,830 173,677 226,130 115,351 39,779 155,301 150,363 290,. 723 Bills 6,906,175 330,362 2,677,1*62 1*27,802 1*92,136 275,388 239,533 953,502 309,691 181,631* 23I*, ill 192,11*1* 536,855 Total U.S.GovTt securities 5 direct and guaranteed 11,611*, 339 7U*,879 3,153,739 323,123 1, 170,669 61*7,219 589 . 055 1,.1*00,31*1* 536,313. 357,307 533,876 ¿437,253 1.,155,562 Total bills and securities 11,725,639 71*7,856 3,219,735 >33,3ii5 1,171,699 61*7,79U 589,776 i,lj07,3l3 51*7,313 353,235 553,353 137,323 1,160,362 uue from foreign banks 136 3 1/ 55 13 13 6 5 17 3 2 1* 1* 11 K.R.notes of other banks 82,636 1,39 k lT,29ó 2,71*9 429Ì* 10,022 7,oil* 9,269 6,990 .3,39^ . , 5,1*71 3,559 15,231* Uncollected items 2,198,1*53 153,775 1*95,016 121*, 29 5 ■ 2751 619 I5I*, 326 • 1214,871 355,952 95,'5E>9 ' 31*, 339 9,9,31*0 67,721. 212,11*5 Bank premises 38,320 ■2,666 9,622 U.612 h,2lh ■2,936 1,653 * 2,913’ 2,065 1,230 2,737 971 2,616 Other assets 53,81*0 li, 351 9,115 1*,298 8,286 U,295 ■ 3, 8Ì4Ì4 5,66? 2,722 2,163 3 , 6 oo. . 3,59.0 . .6,909 TOTaL ASSETS 3i|,252,o67 199”,B55 9,672,3914 2033,631* 2,983,680 13“9,1*77 1653# H*9 5,620,030 1335,612 796,295 13^3,936 3066,103 3,793,793 l / After deducting $31,000 participations of other F-->doru.1 Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis