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, Oct. 20; of the Federal Reserve System not earlier. October 19,19^ CONDITION OF THE FEDERAL RESERVE BANKS During the week ended' October 13 member bank reserve balances increased $106,000,000. Additions to member bank.reserves arose from increases of $292,000,000 in Reserve Bank credit, and $3*900,000 in stock and a decrease of $i|,000,000 in treasury cash, offset in part by increases of $53,000,000 in money in circulation, $10)4,000,000 in Treasury deposits with Federal Reserve Banks and $30,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on October 18 were estimated to be approximately $900,000,000,' ' There was an increase of $71,000,000 in holdings of United States Govern­ ment securities: certificates increased $71,000,000 and notes $2,000,000, while bills decreased $2,000,000« Changes in member bank reserve balances and related items during the week and the year ended October 10, Ijkh* were as follows: Increase or decrease since Oct. 18, ^ct. 11, Oct. 20 I9UU 19 44 1943 (In millions of doll,ars) U. S. Govt. securities(incl. guar, sec.) 17,037 *■ 71 + 3,173 Loans, discounts and advances l9h + 37 + 171 Other Reserve Bank credit 51U + 184 - + 70 Total Reserve Bank credit. 17,795 + 292 + 8,415 Gold stock 20,723 + 3 - i,4o4 Treasury currency It,nli + l + 13 Member bank reserve balances 13,811; + 106 + 1,312 Money in circulation 2l;,157 + 58 + 5,138 Treasury cash 2,362 - 4 + 73 Treasury deposits with F. H. Banks 315 + 104 - 215 Nonmember deposits and other Ff R#accounts• 1,983 + 30 + 210 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Foma F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS-® OCTOBER 18, 1944 (In thousands of dollars) L H B I L I I I S S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago 3t#Louis Minn. Kans.-Cy. Dallas San Fran. Federal Reserve notes 20,563,988 .1312,889 4,564,468 1353,306 1806,108 1393,019 1201,38 5’3736,318 873,024 457,296 754, ¿2 509,209 2551,424 Deposits: ¡¿ember bank-re serve acct. 13,814,484 659,419 4,509,852 675,^99 1079,805 583,341 579,520 2072,968 508,010 309,342 640,525 567,480 1629,523 U»>L.Treasurer-general acct. 315,382 22,455 74,935 11,974 27,910 20,607 19,957 36,310 15.685 12,119 21,359 20,434 31,087 Foreign 1,238,113 84,o4i 1/478,392 109,824 106,243 47,750 38,200 148,024 37.006 26,262 34,619 34,619 93,133 Other 359,795 3.290 261,067 . 6,056 9,871 3,262 2,943 3,487 10,505 2,331 3,735 2,744 50,504 Total deposits 15,727,774 769,205 5,324,246 803,553 1223,829 654,960 639,620 2260,739 571,206 350,054 700,738 625,327 1804,247 Deferred availability items 1,593*417 124,052 316,124 ioo,462 160,559 124,991 91,181 249,127 70,552 35,170 92,904 61,275 167,020 Other liabilities including accrued dividends 10,151 981 2,449 734 1,149 585 943 998 304 303 461 445 799 TOTiiL LIABILITIES 37,395,330 2207,127 10,207,237 2258,055 3191.S45 2173,555 1933,629 6297,732 1515,086 342,823 1548,645 1196,256 4523,490 Capital paid in 160,255 9,998 58,434 12,15k 16,302 6,436 5.784 18,966 5.0Ó6 3,4*74 5,166 5,019 13.456 Surpjus (Section 7) 188,097 13,206 70,012 17*359 16,026 5,236 5,725 26,490 6.330 3.669 4,554 4,831 14*159 Surplus (Section 13b) 26,965 2,874 7,092 4,421 1,007 3,290 7ii9 1,429 530 1,000 1,137 1.307 2,129 Other capital accounts 95,979 5,450 23,091 6,467 11,145 6,430 5,756 13,966 4,052 4,512 4,656 4,110 6,344 TOTAL LIABILITIES AND CaPITAL ACCOUNTS 38,366,626 2238,655 IQ.365.916 2293,956 3236,125 2194,947 1951,643 6358,583 1531,064 855.478 1564,158 1211,523 4559.578 Commitments to make industrial loans 4,819 275 — 2,377 50 — — 50 — — 1.352 715 F.R.notss outstanding 21,158*529 1345,482 4,727,563 1390,974 1851.870 1419,035 1240,832 3849,957 907,243 464,718 774,544 537,863 2648,448 Collateral for F.R.notes held by F.R,Agentss Gold certificates 11,332,000 600,000 2,445,000 640,000 802,000 015,000 615,000 2610,000 475.000 220,000 300,000 236,000 17.74,000 Eligible paper 174. 595 4,800 142,055 7,650 '-»5J0 8,000 11,000 240 U.S.Govt, securities 10,216,633 810,000 2,300,000 750,000 1050,000 825,000 650,000 1287,600 479,033 250,000 500,000 315,000 1000,000 ¡¿ATURITY DISTRIBUTION OF LOaNS AND SECURITIES Within 16 to 31 tc 61 to 91 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 Discounts and advances 185,595 170,540 1,575 59O 12,890 Industrial loans 8,506 7,818 2 335 I92 45 22 61 31 U.S.Govt, securities (incl. guar, sec.) 17 , 086,725 2 , 238,249 1 , 716,268 4 , 102,575 3 , 515,026 1,577,371 2,109,64q 82,200 888,602 856,794 1 / .after deducting $759,221,000 participations of other Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fom.e. R. 285a Released for publication Friday morning, October 20,191+1+} not earlier, STA T E M E N T O F C O N D IT IO N O F TH E TW ELV E F E D E R A L R E SE R V E B A N K S C O M B IN E D ( I n t h o u s a n d s of. d o l l a r s ) I n c r e a s e o r d e c r e a s e s in c e Oct. 13, Oct. 11, Oct, 20, ' :l9kk 191+1+ 191+3 A S S E T S Gold certificates on hand and due from U*S, Treasury 18,029,565 - 9,000 -l,81inl50 Redemption fund - F.R. notes 550,1+22 + 8,607 + 1+07,11+2 Other cash .. 254,216 + 12, ¿4.I+O - 71+, 575 Total reserves 18,911;,205 + 12,01+7 -1,1481,585 Discounts and advances 185,595 + 37,1+00 + 175,070 Industrial loans 8,506 506 5,366 U. S, Govt, securities» Bills "11,095,958 - .2,051+ +5»90l+,768 Certificates 5,675,990 + 71,.000 +2,175,91+0 Notes 1,075.571 + 2,000 + 585,1+71 Bonds l,2U3,U26 — - 295,81+1 Total U, S, Govt, securities ^incl, guar, sec.) 17,086,725 + 70,91+6 +8,172,558 Total loans and securities 17,280,826 +107,31+0 +8,3l+l+,0l+2 Due from foreign banks 156 + 9 F,R,notes of other banks 72,907 + 5,005 - 6,255 Uncollected items 2,107,61+0 +1462,722 + 2^1,502 Bank premises 3l+,l+66 1 5,989 Other assets 56,14+0 + 287 1,526 TOTaL ASSETS 53,566,626 +585,898 +7,092,002 L I A B I L I T I E S Federal Reserve notes 20,565,988 . + 65,111+ . .+5,119,1410 Deposits; Member bank-reserve account 15,'811;,l|8l+ +106,655 +1,812,277 U,S,Treasurer-general account 515,582 • +1014,872 - 215,055 Foreign 1,258,115 + 16,955 - 25,695 Other • 359,795 + 12,706, .+ 185,057 Total deposits 15,727,771+ +2U1.16U +1,758,581+ Deferred availabity items 1,595,1+17 +278,112 + 170,518 Other liabilities including accrued dividends - 10,151 + 562 + 5,255 TOTaL LIABILITIES 57,895,550 +5814,952 +7,051,767 C A P I T A L A C C OUNT S Capital paid in 160,255 - . 21. + 9,976 Surplus (Section 7) 188,097 — + 27,686 Surplus (Section 15b) 26^965 — + 156 Other capital accounts •95,979 + 967 + . 2,1457 , 58,566j626 +585,898 +7,092,002 T O T A L L IA B I L IT IE S A N D C A P IT A L A C C O U N T S Ratio of total reserves to deposit and F, R, note liabilities combined 51*895 - .l+fo - 17.2# Commitments to make industrial loans + 1+71 5,018 i+ ,8 1 9 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b 9 STATEMENT OF CONDITION OF THE FEDERAL RESERVE. BANKS ON OCTOBER 18, I JUU (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 18,029,565 370,929 4,527,072 980,084 1279,131 902,334 387,034 3,679,581 774,263 379,433 612,205 486,126 2651,368 Redemption fund-F.R,notes 530,422 • 38,842 115,931 37,770 52,935 44,419 32,094 67,153 33,172 12,647 24,089 15,574 55,796 Other cash 254,216 20,951 62,667 19,816 21,592 12,629 19,129 33,843 12,252 5,023 12,879 7,897 25,538 Total reserves 18,824,203 930,722 649,173 509,597 2732,702 Discounts and advances 185,595 4,800 142,055 7,650 3,370 850 5,130 2,350 8,000 11,000 240 150 — Industrial loans 8,506 1,455 99 3,601 330 154 24 25 2,828 — U* S* Govt, securities: Bills 11,093,938 889,975 2,928,366 808,415 1307,120 801,997 652,981 985,313 330,434 308,713 612,853 475,681 992,090 Certificates 3,673,990 155,273 1,284,814 190,134 211,648 159,778 132,997 756,865 163,956 53,247 110,268 83,121 366,889 Notes 1,075,371 45,448 376,063 55,651 61,949 46,767 38,927 221,533 47,991 15,585 %>2P 25,793 107,389 Bonds 1,243,426 52 , 551 434,832 64,349 71,630 54,075 45,011 ¿56,153 55, £90 18,021 37,319 29,824 124,171 Total U#S*Govt* securities (incU guar, sec.) 17,086,725 1143,247 5,024,075 1118,549 1652,347 1062,617 869,916 2,219,864 597,871 395,566 792,715 619,419 1590,539 Total loans and securities 17,280,826 1149,502 5, 166,219 1129,800 1656,047 1063,621 875,070 2,222,214 605,871 406,566 792,980 619,569 1593,367 Due from foreign banks 136 10 1/49 12 12 6 4 17 4 3 4 4 11 F.R. notes of other banks 72,907 1,588 HT, 853 2,119 3,363 6,238 7,638 10,347 5,o48 1,650 5,016 3,608 11,439 Uncollected items 2,107,648 152,410 454,145 123., 019 214,881 159,727 126,395 - 332,097. 95,670 47,634 112,156 76,176 213,298 Bank premises 34,466 1,624 8,943 3,492 4,129 2,873 1,621 2,896 ¿,059 1,259 2,680 924 1,966 Other assets 56,44o 2,799 16,037 2,844 4,035 3,100 2,658 10,435 2,720 1,263 2,109 1,645 6,795 TOTAL ASSETS 38,366,626 2238,655 10 , 365,916 2298,956 3236,125 2194,947 1951,643 6,358,583 1531,064 855,478 1564,158 1211,523 4559,578 l / After deducting ?p37,000 participations ’ of other Federal Reserve Banks.; Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis