H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R, 283 STATEMENT FOR THB PRESS Released for publication Board of Governors Friday morning* Nov* 17J of the Federal Reserve System not earlier* November 16, 1944 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 15» member bank reserve balances increased $398*000*000* Additifins to member bank reserves arose from an increase of. $152,000,000 in Reserve Bank credit and decreases of $195»000;000 in Treasury deposits with Federal Reserve Banks and $152,000,.000 in nonmember deposits and other Federal Reserve accounts,• offset in part by a decrea'se of $32,000,000 in gold stock and increases of $43,000,000 in money in circulation and $25,000,000 in Treasury cash« Excess reservas of member banks on November 15 were estimated to be approximately $1,100,000,000, HolUifigs of loans, discounts and advances decreased $44»000,000 and of United States Government securities $16,000,000. The decrease in holdings of United States Government securities resulted from a decrease of $108,000,000 in bills and incroases of $89»000,000 in certificates and $3»000,000 in notes, Changes in member bank reserve balances and related items during the week and the year ended November 15, 1944» were as follows» Increase or decrease since Nov, 15, Nov, 8, Nov. 17, 19UU , I9hh 19U5 (In millions of dollars) U* S, Govt. securities(incl. guar, sec.) 17,941 - 16 + 3,109 Loans discounts, and advances 365 - 44 + 319 Other Reserve Bank credit 501 + 213 + 7 Total Reserve Bank credit 18,807 + 152 + 8,435 Gold stocjc 20 ,'694 32 - 1,402 Treasury currency 4,114 - 1 13 Member bank reserve balances 14*557 + 398 + 2,294 Money in circulation 24,717 '+ 43 - 5,158 Treasury cash 2,338 + 25 + 45 Treasury deposits 119 - 195 - 288 Nonmember deposits and other F.R. accounts 1,883 - 152 - 164 As Th-iroday, November 23, will be observed as a holiday in most Federal Reserve Bank cities, the statement for next week will be issued on Friday, November 2ij* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 2Q5c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OK NOVEMBER'1% 1944 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve<i Rich, Atlanta Chicago St.Louis Min: Kans.Cy* Dallas San Fran. Fsceral 'Reserve notes 21*104,004 1351,555 4,631,094 1383,170 1042,999 1445,062 1257,1*04 3374,070 904,182 466,485 777753,,553311 551,462 2635,620 Depos-its j Member bank-reserve aoet. 14,557,417 675,712 4,309 186 722,9081114,742 625,879 615,635 2133,404. 558,925 526,705 679»765 627,754 1638,754 U.SfcTreasurer-general acct. 119,368 2,576. ■ 41,657 2,o4o 14,147 4,746 611 25,085 5,184 6,700 ■ 98O 5,535 12,051 Foreign 1,244,736 04,875 1/1*30,759 110,561 106,763 47,935 50,587 143,745 37,187 26,591 34,733 54,738 93,706 Other 243, -564 5,725 140,409 5,981 15,071 2,561 5,175 5,732 11,362 1,905 3,912 5,614 52,221 Total deposits 16,165,035 766,858 5,472,091 059,290 1243,725 600,969 655,356 2510,969 590,676 561,699 719,455 671,739 1346,732 Deferred availability items 1,085,928 149,-951 578,552 111,39k 204,074 153,597 102,512 512,657 39,752 39,736 100,515 74,352 103,468 Other liabilities including r accrued dividends -, 11,246 994 5,044 348 1,199 605 895 • 1,150 54o 326 470 456 945 TOTaL LIABILITIES 59,166,343 2249,568-10,554,561 2334,702 5296,895 2258,031 1996,365 6498,346 1584,930 368,296 1594,117 1278,469 4671,765 Capital paid in 160,769. 9 »-999 58,641 12,168 16,514 6,446 5,785 19.193 5,082 5,4-79 5,172 5,050 15,462 Surplus (Section 7) 188,097 15,206 70,012 17,859 16,026 5,256 5,725 26,490 6,550 5,669 4,554 4,851 14,159 Surplus (Section ljb) •26,965 2*874 7,092 4,421 1,007 5,290 749 1,429 530 1,000 ; 1,157 1,507 2,129 Other capital accounts; .. 100,524 5, ¿49 . 24,855 *6,667 n,458 6,622 5,9?5 14,851 4,193 4,567 4,814 4,215 6,710 TOTAL LIABILITIES AND. • CAPITAL ACCOUNTS 39*642*698 2281,096 10/95,159 2575,S17 5541,700 2279,625 2014,547 6560,809 1601,065 881,011 1609,79k 1295,852 4708,225 Commitments to make industrial loans ■4,477. 275 2,546 50 575 — — 55 — 976 F„R. notes outstanding . 21,696*330 1361,545 4,857,927 1415,656 1884,196 1469,407 1274,514 5951,958- 955,661*476,249 79?,426 560,155 2735,658 Collateral for F.R.notes held by 'F.R.Agents t .. .. Gold certificates 11,217,000 .575,000 2,470,000 612,000 855,000 615,000 590,000 2570,000 u25,ooo 205,000 500,000 246,000 1774,000 Eligible paper 341,608 -10,175 278,853 14*565 — 4,000 ■ — — 3,875 19,850 5,290 -- — ILS.Govt.. securities 10,619^325 810,000 2,500,000 800,000 1050,000 875,000- 700,000 1400,000 564,525 275,000 500,000 545,000 1000,000 MATURITY DISTRIBUTION. OF LOANS AND SECURITIES Within l6 to 51 to 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 yt>ar years years 5 years Discounts and advances 357,424 314,465 * 21,458 14,750 6,755 Industrial loans 7,988 •7,517 526 192 4 59 18 61 51 U.S. Govt, securities , (incl. guar* soc.} 17,940,951 2,426,572 2,28*6,894 5,686,168 4,ll4,66o. 1 671,621 1,917,640 92,200 888,602. 856,79^ 762952 l/ After deducting $ , ,000 participations of other Federal Reserve 3anks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283a Released for publication Friday morning, November 17,1944-5 not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov; 1.5, Nov, 8, Nov, 17, 1944 1944 19^5 A S S E T S Gold certificates on hand and due from U, S, Treasury 17,980,065 - 36,000 -r, 825,150 Redemption fund - F, R, notes 559,621 + 11,510 + 451,671 Other cash 241,887 + 6,575 - 76,785 Total reserves 18,781,573 -17,915 -f,468,264 Discounts and advances 557,424 - 43,75? +• 525,689 Industrial loans 7,988 270 4,067 U. S. Govt, securities: Bills 11,680,664 -107,890 • +5,874,558 Certificates 5,905,490 + 89,000 +2,154,240 Notes 1,111,571 + "2,500 + 422,971 •Bonds 1,245,426 — - 522,655 Total U, S, Govt, securities (incl, guar. se6.) 1.7,9^0,951 . - 16,590 +8,109,154 Total loans and securities 18,506,363 - 60,417 +8,428,756 Due from foreign banks 136 — «r F; R, notes of other banks 74,913- + 6,041. + 5,509 Uncollected .items 2,386,580 + 746,962 + 586,552 Bank premises 34,389 + l 5,985 Other assets 58,739 + 2,284 5,457 TOTAL ASSETS 39,‘642,698- +676i956 +7,545,ni L I A B I L I T I E S Federal Reserve notes 21,104,084 + 88,978 *5.129,944 Deposits s £ , Member bank-reserve account 14,557,417 +397,966 +2, 94 175 U.S.Treasurer-general account 119,568 -194,342 - 287,257 Foreign 1,244,736 + 24,082 - 118,657 Other ' 243,564 -175,522 - 106,926 Total deposits 16,165,085 + 52,184 +1,781,555 Deferred availability items 1,885,928 +555,998 + 5B0,123 Other liabilities including ■ accrued dividends 11,246 ■ + 450 *+ 2,995 TOTaL LIABILITIES 39,166,343 +675,590 +7,294,415 C A P I T A L A C C OUNT S Capital paid in 160,769 + 266 . + 10,347 Surplus (Section 7) 188,097 . . + 27,686 Surplus (Section 13b) 26,965 + 136 •mmm Other capital accounts 100,524 + 1,100 + 12,527 TOTAL LIABILITIES' aND CAPITAL ACCOUNTS 39,642,698 +676, .9 56 +7,345,111 Ratio of total reserves to deposit and F, R, note liabilities comb in,ed . 50.4% - .2% - 16,395 Commitments to make industrial loans 4,477 545 5,029 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form ff R. 283b STATEMHJT OF CONDITION OF 'THE FEDERAL RESERVE BAHKS ON .NOVEMBER 15, 1941* (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 17»980,065 885,766 i1» 580,991 915,741 :1307*767 894,550 901,866 3650,443 754,970 345,088 639,440 536,942 2566*501 Redemption fund-F.R.notes 559,621 40,476 124,299 4o,668 52;484 45,473 35,395 71,645 33,012 13,596 23,969 1-7*445 61,159 Other cash 24.1,887 19»483 63,084 19,513 21,819 12,537 16,978 28,407 11»798 4,973 12,520 8,236 22,539 Total reserves 18,781,573 945,725 1*»768,374 975,922 :1382,070 952,560 954,239 3750,495 799»780 363,657 675,929 562,623 2650*199 Discounts and advances 357,424 10,175 278,853 14,565 1,010 4,000 5,103 7,250 8,875 19 »8 50 5,290 353 2,100 Industrial loans 7,988 1,454 86 3,111 323 138 23 — ~ — • 25 — 2,828 U. S. Govt, securities;. ' Bills 11,680,664 853»448 2 910,606 902,691 :1326,206 863,150 698,479 1099»132 402,762 336,170 612,057 472,567 1203,388 Certificates >»905.490 173»763 ]L, 345,168 208,046 225,707 181,250 140,139 802,732 172,884 62,868 117,723 99*436 375,17k Notes 1,111,371 49»447 382,790 59,203 64,228 51,576 39,879 228,431 49»197 17,891 33,499 28*297 106,933 Bonds 1,243»426 55»322 428,273 66,237 71,860 57,705 44,618 255,574 55,043 20,017 37,479 31,659 119,639 Total U.S. Govt, sepurities (incl. guar. sec.) 17,940,951 1131,980 ;?, 066“ 837 1236’, 177 :L688,001 1153,689 923,115 2385,869 •679,886 436,946 800,758 631,959 1805,734 Total loans and securities 18,306,363 1143,609 ï>, 345,776 1253,853 :1689,334 1157,827 928,241 2393,119 688,761 456,796 806,073 632,312 1810*662 Due frm foreign banks 136 10 1/49 12 12 6 4 17 4 3 4 4 11 E. R. notes of other banks 74,918. 2,031 13,643 2,096 , 3,924 6,852 7,027 9,872 5,795 2,516 5,703 • 3,503 11,956 Uncollected items 2,386,580 184,981 541-, o45 137,237 • 257,747 156,699 120,944 393,770 101,696 55,309 117,291 92,623 227,238 Bank premises 34,389 1,619 8,934 3", 480 ' 4,-120 * 2,866 1,618 2,89a 2,056- i,256 2,673 •' 917 ' 1,960 Other assets 58,739 3,121 17»338 3,217 ; 4,493 2,815 2,474 10,646 2,973 1,474' 2,121 ' 1,870 6,197 39 2,698 2201,09610695,159 2375,817 2279,625 6560809 1601,065 1293^852 4708,223 TOTAL assets ,¿¿* , 354i,‘70o 2014,547 , - 881,011 1609,-794 l / After deducting $87,000. participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis