H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F, R. 203 STATEMENT FOR THE PRESS Released for publication Board of Governors Saturday morning, Nov. 25} of the Federal Reserve System 1944 not earlier. November 2jj., CONDITION -_F!THE FEDERAL RESERVE BANKS During the week ended November 22 member bank reserve balances increased $162,000,000. Additions to member bank reserves arose from increases of $534,000,000 in Reserve Bank credit and $3,000,000 in Treasury currency, offset in part by increases of $164,000,000 in money in circulation, $132,000,000 in Treasury deposits with Federal- Reserve Banks and $79,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on November 22 were estimated to be approximately $1,100,000,000. Holdings of loans, discounts and advances increased$115,000,000 and of- United States Government securities $470,000,000. The increase in holdings of United States Government securities resulted from increases of $405,000,000 in bills, $63,000,000 in certificates and $2,000,000 in notes. Changes in member bank reserve balances and related.items during the week and the year ended November 22, 1944, were as follows: Increase or.decrease 'since Nov. 22, Nov. 15, Nov. 24, 1944 1944 I9k3 (In millions of dollars) U* S. Govt, securities(inçl* guar# see.) 18,1*11 + 470 + 8,047 Loans, discounts* and advances Ubo + 115 + 420 Oth^r Reserve Bank credit 450 - 51 + 81 Total Reserve Bank credit 19,341 + 534 + 8,549 Gold stock 20,693 «■ 1 - 1,388 Treasury currency 4,117 + 3 + 16 Member bank reserve balances 14,719 + 162 ♦ 2,317 Money in circulation 24,881 ♦ 164 + 5,155 Treasury cash 2,339 + l + 44 Treasury deposits with F#Rf Banks 251 + 132 - 228 Komnembcr deposits and other F*R* accounts 1,962 + 79 - 110 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F. k. 203 c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS- ON- NOVEMBER 22, I 9 I 1 U (In thousands of dollars) L Î A B I L I T I E S Total Boston New York Phila. C le ve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes 21,255,147 1342,305''4,724,451 1397,168 1858,132 1456,642 1237,9^9 5904,779 906,858 469,950 776,1*64 531,649 2648,820 Deposits: - * * Member baçk-reserve acct. 14,719.156 ^ 2,9414,864,756 752,240 1144,551 614,536 605,936 2181,764 555,012 527,498 679,554 615,955 1726,875 U.S.Treasurer-general acct. 250,855 12,106 65,198 10*985 34,029 2o,546 21,354 24,725 14,772 8,624 6,216 10,11*0 24,160 Foreign li,26k,526 86,802 1/488,704 111,941 108,291 48,670 58,956 150,877 57,719 26,769 55,286 55,286 95,045 Other 502,836 4,461 165,609. 11,836 15,344 5,524 5,551 18,025 15,099 4,055 3,053 5,950 54,555 Total deposits 16,557,155 796,510 5,580,21*7 867,002 1302,015 689,276 669,757 2375,389 600,602 566,944 725,889 665,289 1900,455 Deferred availability items 1,432,906 119,655 275,551 83,216 168,428 116,918 86,240 222,969 67,005 51,488 86,116 59,555 166,187 Other liabilities including accrued dividends 11,407 1,045 2,977 894 1,263 648 582 1,301 579 558 489 468 1,005 TOTAL LIABILITIES 59,286,615 2259,295 10,585,026 2348,280 5529,858 2265,484 1994,528 6504,458 1574,822 868,740 1586,958 1256,761 .4716,445 Capital paid in 160,821 10„002 53,654 12,171 16,515 6,445 5',784 19,214 5,085 5,485 5,172 5,054 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 13b) 26,965 2,874 7,092 4,421 1,007 5,290 749 1,429 550 1,000 1,157 1,507 2,129 Other capital accounts • 101,551 5,715 25,276 6,719 11,559 6,692. 5,980 14,877 4,227 4,585 4,875. 4.240 6.808 TOTAL LIABILITIES AND capital accounts 59,764,027 2291,09010,744,060 2389,450 5574,725 2285,147 2012,766 6566,448 1590,99k 881,475 1602,696 1272,175 4755,005 Commitments to make industrial loans 4,466 275 » - 2,535 50 575 - - • - 55 976 F.R* notes outstanding 21,851,752 1574,667 4,870*597 1426,260 1899,163 1486,469 1289,217 3968,745 940,050 478,143 798,321 56k,66k 2755,436 Collateral for F..R.notes held by F.R.Agents: Gold certificates 11,250,000 575.000 2,470,000 577,000 850,000 615,000 600,000 2600,000 425,000 205,000 310,000 249,000 1774,000 Eligible paper 409,577 41,975 308,130 11,957 - - 2,200 - - - - 17,725 18,700 8,890 U.S.Govt* securities- 10,783,122 810.000 2,300,000.^850,000 1050,000 875,000 700,000 1400,000 583,122 275,000 500,000 345,000 1100,000 MATURITY DISTRIBUTIÛÎJ OF L0,».FS LND SECURITIES Within 16 to 31 to 61 to 9I 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 473,663 429,545 22,150 8,4k0 13,528 Industrial loans 6,742 6,396 143 51 4 35 23 59 31 U.S.Govt* securities (incl. guar, sec.) 18,410,524 3,015,268 1,856,070 3,882,472 4 , 190,357 1 , 672,621 1 , 956,140 92,200 888,602 856 , 79 k l / After deducting $773,855,000 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 Saturday morning, -November 25*19UU; not earlier. STATEMENT OF .GADDITION OF THE T57ELVE FEDERAL RESElRVE BANKS COMBINE!) (In thousands of dollars) Increase or decrease since Nov. 22,. , N.ov^ 15, Nov. 24, 19UU -1944 19U3 A S S E T S Gold certificates on^hand and due from U* S, Treasury 7,962,865 -17,200 -1,821,350 Redemption fund - F# R, notes 565,310 + 5,689 + 434,904 Other cash 239,735 - 2,152 - 70,414 Total reserves 18,767,910 -13,663 - 1,456,860 Discounts and advances. 473,663 +116,239 + 426,053 Industrial loans 6,742 - 1,246 4,934 U* S. Govt, securities* Bills 12,085,737 +405,073 +5,828,030 Certificates 3,967,990 + 62,500 +2,124,440 Notes 1,113,371 + 2/000 + 419.971 Bonds 1,243,426 - - - 325,792 Total U, S, Govt, securities (incl»1 guar. sdc.) : 18,410,524 +469 , 573 +3,046,649 Total loans and securities 19,890,929 +584,566 +8,467,768 Due from foreign banks 136 - - - - F. R#notes of other bonks 77,784 + 2,866 + 10,250 Uncollected items * 1,933,266 -4 53 ,-314 + 3H,323 Bank premises 34,370 19. 3,979 Other assets 59,632 + 893. 3,487 TOT.iL ASSETS 39,764,027 +121,329 +7,325,015 L I A B I L I T I E S Federal Reserve notes 21,255,147 +151,063 +5,123,765 Deposits* Member bank-re serve, account- 14,719,156 +161,739 +2,317,239 U * S # T r e a s u re r-gene ra1 p,c coun t 250,835 +131,467' - 228,374 Foreign 1,264,326 + 19,590 - 134,078 Other 303,836 + 59,272 - 37,978 Total deposits 16,537,153 +372,068' +1,916,809 Deferred'availability items 1,482,906 -403,022 + 229,933 Other liabilities including accrued dividends 11,407 + 161 ‘ 3,H7 TOT^L LIABILITIES 39,286,613 +.120,270 +7,273,629 C A P I T A L A C C OUNT S Capital paid in 160,821 + 52 + 10,317 Surplus (Section 7) .188,097 - - + 27,686 Surplus (Section 13b) • 26,965 + 136 Other capital accounts 101,531 + . 1,007- + 13,247 TOTAL LIABILITIES *ED Ca?ITaL ACCOUNTS 39,764,027 +121,329 +7,325,015 Ratio of total reserves to deposit and F.R* note liabilities combined , - k9,7%- - ,1% . - 16. lfo Commitments to make industrial loans 4,466 11 - 5,366 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

283 Form F. R. b STATEMENT QF CONDITION.OF THE: FEDERAL RESERVE BANKS ON NOVEMBER 22, 1914+ (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 SanFran. Gold certificates on hand and due from U. S. Treasury 17,962,865 905,673 14,660,090 959,575 131+7,711 906,590 892,685 3517,931 721,316 351,027 629,973 511,952 2553,31+2 Redemption fund^FiIt.notes! 565 ,310 1+0,1.102 12l+,0l*2 1*3 ,ol+8 -52,501+ 1*6,85c 35,301 71,51+8 32,9ol li+,08l 25,91+5 17 ,1+21 61,101 Other cash 239,735 18,11*3 59,521+ ’ I8,7c6 19,903 1/4,082 18,370 23,266 12,681* k,525 13,71:2 9,335 22,395 Total reserves 18,767,910 961+,2l8 81*3,656 1021,389 U+20,198 967,523 91+6,356 3617,71+5 766,981 369.633 669,660 533,708 2641,838 Discounts and advances 1+73,663 1+1,975 303,130 11,957 6,160 2,200 i+,903 52,600 17,72c 18,700 8,890 303 120 Industrial loans '.6,71+2 20l* 86 3,H5 323 138 23 ---- ---- ---- 25 ---- 2,828 U. S# Govt, securitiest Bills 12,085,737 850 ,102 2,969,75!: 893 ,651+ 1351,527 866,572 71k,560 12611,937 1*35,1+06 31*3,81*5 625 ,877 l*9l+,721 l27l+,782 Certificates 3,967,990 177,738 1,362,1*50 212 ,1+28 2^1,258 181* ,803 ii+3,010 812,059 175,71+1 61). ,1+37 120,387 101,750 381,879 Notes 1,113,371 1*9,886 382,287 59,601* 6L, 387 51,353 bo ,127 227,855 1+9,311 18,030 33,780 28,550 107,151 Bonds 1,21*3,1+26 55,713 !• 26,91+3 66,567 72,1*67 57,910 Ub, 011+ 25k ,1+71 55,071 20,192 37,726. 31,385 119,667 Total U. S* Govt, securities (incl. guar, sec.) 18,1*10,521+ 1133,1+89 5 ,'ll*l ,1*31* 1232,253 1720,139 1161,138 9l+2,5H 2559,322 715,529 ki+6,55k 817,770 656,906 1833,1+79 Total loans and securities 18,890,929 1175,668 5,1+1*9,650 121*7,325 1726,622 1163,1*76 9l+7,1*37’2611,922 733,25b £+65,25!+' 326,685 657,209 1886,1*27 Due from foreign banks 136 10 1/1+9 12 12 6 1+ 17 1+ 3 1+ b 11 F* R# notes of other banks 77,78!+ 2,118 11**863 . 2,371 b, 520 6,630 7,292 9,795 6,782 2,916 b, 310 3 ,561; 12,623 uncollected items 1,933,266 lbb,b2b '1+09,032 111,761 2ll+,o75 il+i ,766 107,509 313,01+9 78,866 l+l ,085 97,171 69,91+5 203,983 Bank premises 3i‘ ,370 1,619 • 8,93k . 3^80 It,110 2,859. 1,617 2,890 2,055 1,256 2,673 917 l,96ö Other assets 59^32 3,033 •17,876 3,11-2 l+,588 2 ,882 '2,551' 11,030 3,052 1,328 2,193' 1,826 6,161 TOTAL ASSETS 39,76k,027 2291,090 10,7U+,060 2389,1+50 337I+,725 2285,i!l7 2012,766 6566,1*1+8 1590,99b 6811+75 1602,696 1272,173 1+753,003 l / A.fter deducting $87,000, participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis