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. 10; of the Federal Reserve System 9 not earlier. November , 1944 CONDITION OF THE FEDERAL RESERVE BANKS During the weekended November 8, member bank reserve balances increased $76,000*000* Additions to member bank reserves arose from an increase of $390,000,000-in Reserve Bank credit and a decrease of $59*000,000 in Treasury cash, offset in part by increases of 3265,000,000 in money in circulation, $98,000,000 in Treasury deposits with Federal Reserve Banks and $9»000,000 in nonmember deposits and other Federal. Reserve accounts. Excess reserves of member banks on November 8 were estimated to be approximately $900,000,000. Holdings of loans, discounts and advances increased $14.1,000,000 and of United States Government securities $352,000,000. The increase in holdings of United States Government securities resulted from increases of $279*000,000 in bills, $67,000*000 in certificates and $6,000,000 in notes, Changes in member bank reserve balances and related items during the week and the year ended November 8, 192)2)., wore as follows: Increase or decrease since Nov. 8f Nov, 1, Nov. 10 19142; 1942). 1943 (In millions of dollars) U, S* Govt. securities (incl, guar, sec*) 17,957 +352 +8,092 'Loans discounts', and advances 2i09 + hi + 375 Other Reserve Bank credit 288 ' b - 42+ ■Total Reserve Bank credit 18,655 +390. +8,1; 24 Gold stock .. 20,726 - 1 -1,370 Treasury currency 4,115 ** —*» + 15 Member bajnk reservg balances lb ,159 + 76 +1,961 Money in circulation 24,6714. +265 +5,160 Treasury cash 2,313 - 59 + 16 Treasury deposits with F. Rf Banks 314 + 98 55 Nonmember deposits and other F. R. accounts 2,035 + 9 - 14 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F» R. 283c STATEMENT OF CONDITION OF THE FEDERAL RJES3RVS BANKS ON NOVEivIBER 8,-1944' (In thousands of dollars), L I A B I L I T I E S •Total joston New York Phila. Cleve. Rich. Atlanta. Chicago St.Louis Minn. Kans. ;y. Dallas San Fran. Federal' Reserve notes 21,015,106 1324,414 4,659,011 1374,685 1855,608 1454,579 1251,200 •5359,178 900,932 .465,091 773,259 529,627 2627,542 Deposits s I4,i5?,45i 677,779 4,629,254 706,157 1105,771 618,109 592,810 2108,619 526,121 515,559 651.068 577,013 1651,411 313,710 20,496 75,$15 £7,711 57,451 563 21,067 1,444 10,879 24,546 25,636 25,703 24,896 Foreign 1,520,654 35,275 lA?2,009 108, 149 104,625 47,021 57,617 145,766 36,441 25,862 34,090 54,090 91,713 Other 419^086 •3,173 ■" 322,599 4,274 9,306 5,756 ,2,399 . 5,673 10,407 1,960 3,994 3,056 50,499 Total denosits 16,112,901 ’ 784,726 5,499,355 846,201 1277,151 669,234 653,895 2259,507 583,848 367,727 714,788 637,862 1813,519 ; 1,351,930 93,379 209,678 93,671 141,270 111,497 81,575 ..209,325 56,411 -36,177 83,628 69,429 156,090 Other liabilities including accrued dividends : 10,316 1,026 2,814 S69 1,245 627 565 1,152 • 395 332 457 394 940 TOTAL LIABILITIES' 58,490,755 2203,545 10,370,858 2320,516 3255,274 2215,937 1967,055 6529,162 1541,586 -869,327 1577,112 1237,312 4603,091 Capital paid in 160,505 9,994 53,611 12,166 16,311 6,446* 5,735 18,968 5,082 . 3,481 5,170 5,029 13,462 Surplus (Section 7) 183,097 13,206 70,012 17,059 16,026 5,256 5,725 26,490 6,350 ’ 3,669 4,554 4,351 14,159 Surplus (Section 13b) 26,965 2,074 7,092 4,421 1,007 5,290 749 1,429 550 • 1,000 1,137 1,307 2,129 Other e&pitul accounts - .99,424 . 5,611 24,426 - 6,615 11,332 6,570- 5,892 14,528 4,192^ 4,557 4,849 4,190 6,612 TOTAL LIABILITIES AND capital acgoolts ' 38,965,74.2 2235,230 10,530,999 2561,577 3500,000 2257,479 1985,182 6590,577 1557,720 882,034 1592,322 1252,669 4639,453 Commitments "to make industrial loans ' 5.020 275 - - 2,597 50 536 — — 55 — — — 1,457 F.R.notes outstanding 21,537,571 1349,117 4,807,720 1405,050 1863,474 l46o,062 1267,674 3919,651 930,276 t^73,512 792,475 551,721 2712,059 Collateral for F.R.notes * held by F.R,Agents: Gold certificates 11-,231,ooo 575,000 2,470,000 601,000 82o,ooo 6l5,ooo 590,000 264o,ooo 425,000.225,000 300,000 246,000 1774,000 Eligible paper 313,590- 13,750 . 250,160 11,200 — . ' 4,050 — — 17,390 13,500 3,540 U. S. Govt, securities 10,425,345 810,000 2,300,000 . 800,000 1050,000 350,000 700,0001300,000 520,545250,000 500,000 345,000 1000,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 .to 61 to 91 days to 6 months 1 to 2 2 to 5 Over < Total 15 days 50 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and ‘advances 401,181 366,853 11,160 6,o4o 17,128 Industrial loans " 8,253 6,999' 913 171 26 39 18 61 31 U.S.Govt, securities (incl. guar, sec.) 17,957,341 1,579,853 3, 152,276* 5,682,839 4,185,016 l!,654,l2l' 1,885,640 92,200 880,602 656,794 l / After deducting$747,633,000 participations of other Federal Reserve. Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

•^arm P. R. 283a Released for publication Friday morning, November 10,l9^iU; not earlier. statement of condition OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov. 8, Nov. 1*. Nov, 10, 19UU' I9I+U 19U3 A S S E T S Gold certificates on hand aAd » due from U, S, Treasury. . 18,016,065 ‘ + 5 >000■ -1,788,650 Redemption fund - F. R, notes 51+8,111 + 5,222 + 419,712 Other cash 235,312 - 15,266 - 65,197 Total reserves 18,799 ,1+8$ - 5,01+1+ -1 ,l+3l+, 135 Discounts and advances 1*01,181 + 1+1,350 + 378,801 Industrial loans 8,258' 281 3.319 U. S.Govt, securities« Bills 11,788,55k +279,01+2 +5,871,771 Certificates 3,316,1+90 + 67,000 +2,122,290 N ote s 1,108,871 + 6,000 + 1+20,1+71 Bonds 1,21+3,1+26 — - 322,135 Total U, S. Govt, securities (inci. guar, sec.) 17,957.3U +352,01+2 +8,092,397 Total loans and securities 18,366,700 +393,6lT +8,1+67,879 Due from foreign banks 136 — F.R.notes of other banks 63,377 - 9,31+9 527 Uncollected items 1,639*618 -132,371+ + 85,272 Bank premises 3i+,333 + 11 3,987 Other assets 56,1+55 60 3 5,265 TOTAL ASSETS 38,965,71+2 +21+6,21+7 +7,109,237 L I A B I L I T I E S Federal Reserve notes 21,015,106 +192,326 +5,096,881 Deposits s Member bank-reserve account ll+,159,1+51 + 76,01+6 +1,961,271+ U.S.Treasurer-general account 313,710 + 93,002 - 55,316 Foreign 1,220,65h - 5,791+ - 128,317 Other i+19,086 + 12,595 + 52,096 Total deposits 16,112,901 +180,81+9 +1., 029,737 Deferred availability items 1,351,930 -128,285 + 129,713 Other liabilities including accrued dividends 10,816 + 302 3,035 TOT^L liabilities 50,1+90,75^ +21+5,192 +7',059,366 C A P I T A L À C C Ö U N T S Capital pi.id in 160,503 + 61+ + 10,160 Surplus (Section 7) 183,097 + 27,686 Surplus (Section ijb) 26,965 — + , 136 Other capital accounts 99,1 i2l+ + 991 + 11,889 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 38,9o5,7l+2 +21+6,21+7 +7,109,23? Ratio oT total reserves to deposit and F.L.note liabilities combined 50 M - .6-% -16,1+fo Commitments to iru.ke industrial loans 5,020 + 237 1+.893 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

283 8 Form F. R. b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS ON NOVEMBER , 1944 (In thousands of dollars) A S S E T S Total Bòston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran, Gold certificates on hand and due from U. S. Treasury 18,016,065 882,877 4,646,118 968,568 1343,201 892,455 894,064 3560,030 740,716 358,918 631,4.84 507,329 2590,305 xRed^înption fun4-F*R.notes 5^8,111 40,552 119,573 40,798 ■ 52,575 44,055 35,489 66,741 33,o46 12.606 23.-992 17,470 61,2l4 Other cash 235,312 19,611 59,166 18,320 20,180 13,350 18 ,290 28;l44 11.-252 4 .*932 12 .-535 7,14.1 21,885 Total reserves 18,799,488 943,040 4,824,857 1028;186 1415.,962 949,860 947,843 3654,915 785,014 376,456 668,011 531,940 2673,4o4 Discounts,.and advances 1+01,181 13,750 250,160 11,200 14,810 4,050 4,353 36,450 17,390 13,500 3,540 30,353 1,125 Industrial loans 8,253 1,45h 86 3,380 323 138 24 « ... — . — 25 2,828 TJ* S. Govt* securities: Bills 11,788,554 874,096 2,963,597 866,038 1345,333 850.700 700,912 1160,214 399,615 345,047 631,380 462 .,051 1164,571 Certificates 3,816,490 168,061 1,320,1.53 201 .832 217 852 176,203 136,066 789.-363 168,319 60,651 113,944 96,162 367,034 Notes 1,108,871 40,830 333 ¿654 58 A y 63,295 51,195 39,535 229,347 49,050 17,622 33>105 27 *939 106,656 Bonds 1,243 4*26 54,755 ■ 430,203 65,759 70,976 57 J'.oò ¿•4,332 257,177 55,002 19 ..760 37 ,122 3i,329 119,598 Total U* S, Govt* securities • • • • • (incl* guar* sec.) 17,957,341 1145,74? 5,102,912 1212,272 lo>-7 ,.456 1135,506 920 345 2436,101 672,436 14-3 »080 815,551 617,431 1757,909 Total T x nvcfluTjllc o; acri>iru] securities 18,366,780 1160,946 5,353,153 1226,852 1712,539 1139,694 925,722 2472,551 689,876 456,580 819,116 647,834 1761,662 Due from foreign banks 136 10 1/ 4 9 12 12 6 4 17 1+ 3 4 4 11 F. K. notes of other banks 68,877 2,661 11,652 2,533 , 3,406 - . 7,7-59 . 6,180 3,113- 5,24l 2,177 4,353 • 3,309 11 -493 uncoiiectea items 1,639,618 124,024 315,729 97,414 159,648 134,623 101,473 241,729 72,591 44 ..172 96 5?6 66.-956 134.063 Bank premises 34,383 1,619 8,934 .3,4.8o 4 ,.120 2,866 1,618 . 2.890 2,055 1,256 2,673 917 1,960 Other assets 56,455 2,930 16,620 3 5100 4,263 2,671 2,342 10,362 2,939 1,390 2,069 * -1,709 6*060 TOTAL ASSETS 38,965,742 2235,230 10,530,999 2361,577 3300,00'0 2237,479 1985,182 6390,577 1557,720 882,034 1592,322 ,1252,669 4639,453 l / After deducting $87,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis