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, Nov, 3» of the Federal Reserve System 9 not earlier, November 2,. I li.il CONDITION OF THE FEDERAL RESERVE BANKS During the wefek ended November 1 member bank resenve. balances increased $143*000,000, Additions to member bank reserves arose from an increase of $366,000*000 in Reserve Bank credit and a decrease of $13,000,000 in Treasury deposits with Federal Reserve Banks, offset in part by increases of $193*000,000 in money in circulation* $13,900,000 in Treasury cash and $29,000,000. in nonmernber deposits and other Federal Reserve accounts,. Excess reserves of member banks on November 1 were estimated to be approximately $900,000,000, Holdings of loans, discounts and advances increased $37*000,000 and of United States Government securities $344,000,000. Tip increase in holdings of United States Government securities resulted from increases of $329,000,000 in bills, $8,000,000 in certificates, and $7.000,000 in notes, Changes in member bank reserve balances and related items during the week and the year ended November 1', .19441 were us- follows: Increase or decrease since Nov, 1, Oct, 25» Nov, 3*' 1944 1944 1943 (In millions of dollars) U. S* Govt# securities (incl^ guar, sec.) 17*605 + 344 8,129 Loans, discounts' and advances 368 4- 37 + ' 317 Other Reserve Bank credit* 292 - 15 17 Total Reserve Bank credit 18,265 + 366 8,430 Gold stock 20,727 — - 1,389 Treasury currency 4,115 + 9 Member.bank reserve balances 14,083 143 4. 2,014 Money in circulation 24,409 + 193 + 5,055 ^Treasury cash: 2,372 13 + 74 Treasury deposits v\rith B\ R+ Banks 216 <*- 13 ■ - 118 Nonmejnber deoosits and other F,R*$tccounts 2,026 ♦ 29 + 25 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. ••283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 1, I9M4 (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 Mnn.. Kans.Cy. Dallas San Fran. Federal Reserve notes. 20,822,780 1317,374 4,616,485 1361,873 1820,080 1415,386 1224,174 3822,940 889,785 461,106 767,145 523*750 2602,682 Deposits: * _ v - Member bank-re serve, acct. 14,083,405 •669,258 4,654,529 .729,069 1083,265 585,971 569,790 2108,835 512,153 320,769 ; 646,375 568,495 1654,898 U.S.Treasurer-general, acct. 215,70a 11,850 84,678 11,221 22,674 12,270 11,091 13,-528 16,088 11,947. 1,001 5,933 13,427 Foreign 1,226,448 .84,290 1A 72,348 . 108,870 105,320 47,535 37,868 146,.738 36,685 26,034 34,318 34,518 92,324 Other 406,491 2,661 299,379 7,554 8,930 10,261 4,335 4,205 9,999 2,626- 4,856 5,296 48,389 Total deposits 15,932,052 768,059 5,490,934 856,714 1220,189 655,837 623,081+ 2273^306 574,925 361,376 686,548 612,042 1809,058 Deferred availability items 1,480,215 127,925 292,086 83,233 167*471 113,277 83,288 218,607 65,531 51,1*76 87,109 61,959 148,255 Other liabilities including , accrued dividends 10,514 1,044 2,516 805 1,162 575 888 1,104 376 ' 304 474 373 893 TOTAL LIABILITIES 38,245,'561 2214,402 30,402,021 2302,625 3,îi>8,902 2185,075 1931,434 6315,957 1530,617 854,262 .1541,276 1198,124 4560,866 Capital paid in 160,439 9,994 58,587 12,160 16,308 6,439 5,703 18,966 5,074 5,476 5,167 5,027 13,458 Surplus (Section 7) 188,097:.. 13,206 70,012 17,859 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 3,290 749 ' 1,429 530 1,000 .1,137 1,307 2*129 Other capital, accounts 90,433; .5,562 23,984 6,564 11,308 6,512 5,851 -.14,474 4,161 4,548 •4,788 4,165 6,516 . TOTr.L LIABILITIES AND CAPITAL AGt OUNTS ;3 o,719.495 2246,03810,561,696 2343,629 32.55,551 2206,552 1949*542 6377,316 1546,712 866,955 11555566,,992222 11221153,,445544 44559977,,11228S Commitments to make industrial vloans •: 4,783 275 -- 2,317 50 630 - - 55 — 1,456 ■v F.R.notes outstanding 21,412,095 1354,418 4,761,991 1397,382 1864,211 1444,194.1264^970 3090,455 927,810 468,568 782^582 550,555 2704,471 Collateral for F.R^notes held by F.R.Agents': Gold certificates ,11,405,000 590.000 2,470,000 645,000 815,000 615,000 615,000 2640,000 475,ooo 220,000 500,000 246,000 1774,000 Eligible paper 305,405 9,690 251,520 10,760 ~ 5,180 — — 15,255 n ,550 1,540 — — U.S.Sovt* securitj.es * 10*273,715 810.000 2,300,000 750,000 1050,000 050,000 650,000 1287,600 481,115 250,000 500,000 545,000 1000,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 51 to 61 to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days jO days 60 days 90 days 6 months/ to' 1' year t jrears years 5 years Discounts and advances 352,331 299*228 36,960 5,615 17,528 Industrial loans ; 8,539. 7,279 ' 915 145 51 39 21 60 31 II. S. Govt. securities (incl. guar, sec..) 17,605,299 2,'391,191 2,202,547 3,754,812 3,639,142 1,920,871 1,859,140 92,200 888,602 856,794 l / After deducting $752,625,000 participations of other Federal Resérve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F. R. 283a Released for publication Friday morning, November 3*1944; not earlier. STATEMENT OF CONDITION OF TciB TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov. 1, Oct. 25, Nov. 3* 1944 1944 1943 A S S E T S Gold certificates on hand and due from U. S. Treasury 18,011,065 - 10,000 -1,820,650 Redemption fund.- F. R.. notes •542,889 + 5,061 + 428,005 Other cash 250,578 - 10,969 64,l4o Total reserves 18,804,532 - 15,903 -1,456,785 Discounts and advances 359,331 + 37,052 + 320,706 Industriä.1 loans 8,539 + 82 3*212 U. S, Govt, securities: Bills ‘ ' ' 11*509,512 m-329’,210 +5,870,868 Certifiqates 3,749,490 + 8,000 +2,158,41+0 Notes 1,102,871 + 7,000 + 414,471 Bonds 1,243,426 - 314,327 Total U. S. Govt, securities (incl. guar, sec.) 17,605,299 +344,210 +8,129,452 Total loans and securities 17,973,169 +38l,3U+ +8,446,946 Due from foreign banks - 136 «•«*» F,R. notes of other banks 79,226 - 2,437 + 9,887 Uncollected' items 1,771,992 + 79,458 + 167,378 Bank premises 34,377 64 3,997 Other assets 57,063 422 3,220 TOTAL ASSETS 38,719,4^5 +441,971 +7,160,209 L I A B I L I T I E S Federal Reserve notes 20,822,780 +188,680 +5,062,928 Deposits: Member bank-reserve account 14,083,405 +143,364 +2,014,467 U.S,Treasurer-general account 215,708 - 13,064 - 118,678 Foreign 1,226,41+8 - 18-, 106 - 73,367 Other 4o6,491 + 1+4,936 + 38,518 Total deposits 15,932,052 +157,130 +l,86o,94o Deferred availability items. 1,480,215 + 94,699 + 184,228 Other liabilitius including accrued dividends 10,514 + 178 + 3,086 TOTaL LIABILITIES 38,245,561 +42+0,687 +7,111,182 C A P I T A- L A C C d-U N T S Capital paid in 160,439 + 2 + 10,081 Surplus (Section 7) 188,097 + 27,686 Surplus (Section 13b) : 26,965 — + 136 Other capital accounts 98,433 + 1*282 + 11,124 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 38,719,495 +42a,971 +7,160,209 Ratio of total reserves to deposit and F.R.note liabilities combined 5lt2 % .5% 16.1% Commitments to make industrial loans 4,783 18 5,050 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 28jb STATEMENT OF CONDITION OF THE. FEDERAL RESERVE BANKS ON NOVEMBER 1, 1944 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cl eve’. Bich. Atlanta Chicago St.Louis Minn., Kans +_Cy. Dallas SanFran. Gold certificates on hand and due from U. S. Treasury lS*011#065 863 ¿338 li r6oh >260 995,092 1284 4+51 872,950 874,402 3665^140 733,317 361,665 618 486,377 2651,127 Redemption fund-F.E.notei3 542,889 38-,637 119,908 37,91+2 52,682 44,772 33,590 66/858 33,031 12,617 24,021 17,493 61,283 Other cash 250.578 21,229 64,149 20 ,028 22,314. 13,102 19,142 29,277 11,345 ■*4,855 12,965 . 7,775 24,397 Tot^l reserves 18,804,532- 923,204 4,788,317 1053,062 1359,1*47 930,824 927,134 3761,275 773,243 379,137 655,432 511,650 2736,807 Discounts and advances 359,351 9,600 251.520 10,760 6,950 5,180 5,303 11,200 15,255 n,550 1,540 30,353 120 Industrial loans 8,539 1,454 86 3,660 323 139 24 ---- — ---- 25 2,828 u. S. Govt, securities: Bills 11,509,512 889,871 2,974,386 843,137 1345,214 84-1,197 690,074 1057,204 392,711 336,414 612,241 443,751 1083,202 Certificates 3,749,490 163,707 1,302,053 197,105 211,844 172,373 132,972 779,469 165,755 58,954 111,061 93,660 300,537 Notes 1,102,871 48,15!+ 3^2,981+ 57,977 62,311 50,702 39,112 229,271 43,755 17,340 32,667 , 27,549 106 ,o49 Bonds 1,2434+26 54,291 431,793 65,366 70,252 57,164 41+,097 258,491 54,963 19,550 36,830 • 31,060 119,564 Total U.S*Govt. securities (incl. guar, sec.) 17,605,299 1156,023 5,091,216 1163,635 1689,621 1121,436 906,255 2324,495 662,189 432,258 792,799 596,020 1669,352 Total loans and * « securities 17,973,169 1167,077 5,342,822 1178-,055 -1696,894 1126,755 911,532 2335,695 677,444- 443,808 794,364 - 626,373 1672,300 Due from foreign banks 136 10 1/ 49 12 12 6 4 17 4 3 • • k. 4 11 F. &+ notes of other banks 78,226 1,741+ 15,976 2,41+5 3,508 7,025 8,276 10,679 5,761 2,965 4,185 31*258 124+04 Uncollected items l ,771,992 il+9,55i 389,257 103,543 185,383 135,772 98,353 256,289 30,315 384+12 93,229 69,274 167,614 Bank premises •34,377 1,619 8,923 3,480 4,120 2.866 1,618 2,890 2,055 1,256 2,673 917 1,960 Other assets 57,063 2,833 16,352 3,032 4,187 3,304 2,575 10,471 2,890 1,374 2,035 . 1,978 6,032 TJIAL ASSETS ¿8,.70.9,495 221+6,038 10 ¿ 61,696 2343,629' -32153,551 2206,552 1949,542 6377,316.1546,712 866,955 1556,922 121^,î+5u 4597,128 l / After deducting $87,000 participations of other Federal Reserve'Banksr Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis