H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOE THE PRESS Released for publication Board of Governors Friday morning, Sept. 28.; of the Federal Reserve System not earlier, Sept. 27, I9I1.5 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 26, member bank reserve balances decreased $278,000,000, Reductions in member bank reserves resulted from an increase of $533*000,000 in Treasury deposits with Federal Reserve Banks'and a decrease of $2,000,000 in gold stock, offset in part by an increase of $185*000,000- in Reserve Bank credit and. decreases of $1;8,000,000 in money in circulation, $5,000,000 in Treasury cash and $19*000,000 in nonmembor deposits and other Federal Reserve accounts. Excess reserves of member banks on September 26.wore estimated to be approximately $860,000,000. Holdings of loans, discounts .aod advances increased $121,000,000 and of United States Government securities $221,000,000. The increase in holdings of United States Government sucurities reflects increases of $161,000,000 in c e rtifi­ cates, $30,000,000'in notes and $29,000,000 in b ills. Changes in member bank reserve balances and related items during the week and the year ended - September 26, 1945» were as followss Increase or decrease since Sept. 26,, Sept. 19, Sept. 27, 1943 1945 1944 (In millions of dollars) U# S* Government securities 23,186 + 221 + 6,685 Loans / discounts knd advances. 42 5 + 12 i 4* 328 Other Reserve Bank credit 282 - 156 - 62 Total Reserve Bank credit 23,892 + 135 6,949 Gold stock 20,093 - 2 - 732 Treasury currency h,222 + 108 Member bank reserve balances 15,274 - 278 + 1.919 Money in circulation 27,729 - 48 + 4,071 Treasury cash 2,263 - 5 - . 110 Treasury deposits with F# R# Banks ' 961 + 533 478 Nonmember deposits and other F. R,accounts 1.981 - 19 - ■32 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT OF CONDITION QF THE FEDERAL RESERVE' BANKS'ON SEPTEMBER 26, 1945 (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 Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 23,930,076 1460,579 5,227,869 1582,734 2082,763 1662,760 1430,561 4377,556 1007,198 536,053 893,335 606,489 3062,179 Depo-sitsj Member bank-reserve acct. 15,273,571; 690,527 4,872,577 730,282 1.147,220 663,250 66l ,84l 2239,869 575,693 357,567 763,339 695,652 1825,707 U.S.Treasurer-general acct. 961,215 79,957 200,339 57,983 122,607 52,466 47,103 219,404 32,762 26,985 29,716 33,076 58,817 Foreign 1,050,710 67,277 1/1x11,721 88,109- 87,108 42,052 35*043 130,161 30,037 23,029 30,037 30,037 76,099 Other 455,681 3,394 '" 355.882 3,788 11,277 9,379 2,344 4,253 9,481 . 1,846 1,204 2,312 50,0a Total deposits 17,74l,l80 841,155 5,840,-519 930,162 1368,212 767,647 746,331 2593,637 647,973 409,427 824,346 761^077 2010,644 Deferred availability items 1,517,681 146,454 270,044 85,884 148,206 126,222 95,818 211,029 66,879 36,744 81,622 62,756 186,023 Other liabilities including accrued dividends 10,8l6 -939. 2,580 764 1,069 •^15 517 1,530 396 454 421 472 1,059 TOTAL LIABILITIES 43,199,753 2449,127 11,341,012 2599,544 3600,250 2557,244 2273,227 7183,302 1722M 6 982,678 1799,724 1430,794 5259,905 Capital paid in 172,094 10,375 60,863 12,967 17,422 6,911 6,203 20,533 5,516 3,734 5,648 5,947 15,975 Surplus (Section 7) 228,153 15,239 ..84,903 19,872 19,071 7,813 7,936 33,201 7,048 4,950 6,196 6,025 15,399 Surplus (Section 13b) 27,165 2,880 7,143 4,4-68 1,007 3,290 762 1,429 527 1,073 1,137 1,307 2,142 Other capital accounts 127,771 7,853 27,937 9,130 14,138 8,235 7,004 18,426 6,368 4,397 .6,153 5,274 12,356 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ,43,754,936 2435,474 11,521,858 2645,981 3651,888 2583,493 2295,1^2 7257,391 1741,905 997,332 1818,858 11449,347 5306,277 Commitments to make industrial loans '4,374 100 — 3,047 20 300 ----- 376 — — — 193 355 F. R. notes outstanding 24,674,438 1501,328 5,368,943 1633,275 2134,859 1700,405 1499,347 4456,517 1056¿49 547,223 929,604 61^,269 3202,209 Collateral for F. R. notes * held by F. R. Agont’s: Gold certificates; 11,188,000 410,000 3,570,000 535,000 690,000 525,000 660,000 2245,000 300,000 160,000 28o;ooo 164,000 i64?,ooo Eligible pep er 290,062 27,600 161,175 13,055 — 19,375 ~'4* — 25,150 15,400 21,525 — 6,732 U. S. Govt, securities 13,736,5.16 1100,000 1,800,000 1100,000 1450,000 1200,000 850,000 2250.,000 851,516 400,00.0 650,000 435,000 1600,000 MATURITY DISTRIBUTION OF-LOANS AND'SECURITIES Within" l 6 to 31 to 6l to yl days to 6 months 1 to 2 2 to 5 Over Total 15 days 50 days 60 days 90 dàys 6 months to 1 year years ' years 5 years Di scount3 and advances Industrial loans . 7,.<940 14,0^5 ”258 ""32 92 98 U. S. Gibvt. securities 23,185,659 2-,077*285 4,282,816 4,332,960 2,576,171 4 ,573,590 273,300 507,652 747,340 l/ After deducting $638,791*000 participations of other Federal Reserve 'Banks« Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form P. R. 283a Released for publication Friday morning, Sept. 28.1945» not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Sept, 26, Sept. 19, Sept. 27, 1945 1945, 1944 A S S E T S Gold certificates 17,195*065 - 11,750 - 975,500 Redemption fund for 1?. R. notes 724,033 + 9,416 + 245,365 Total gold certificate reserves 17,919,098 2,334' - 730,135 Other cash 235,608 + 14,009 - 28,902 Discounts and advances 421,646 +120,549 + 333,266 Industrial loans 2,981 + 209 5,927 U. S. Govt, securitiess Bills 13,213,156 + 29,069 >2,565,184 Certificates 7,092,961 +161,100 ■+3,550,471 N ote s 1,902,150 + 30,000 + 834,779 Bonds 977,392 .- 266,034 Total U. S. Government securities * 23,185,659 +220,169 +6,684,4oo Total, loans and securities 23,610,286 +340,927 +7,011,739 Due from foreign banks 110 26 F. R. notes of other banks 99,309 6,2o4 .+ 17,414 Uncollected items 1,799*525 -474,948 + 60,891 Bank premig.es 33,357 43 679 Other assets 57,16.3 ' + 1,405 + 243 TOTAL ASSETS 43,754,936 -l£7i168 ■ +6*330,545 L I A B I L I T I E S Federal Reserve notes 23,930,076 - 46,298 +3,843,092 Deposits : Member bank-reserve account 15,273,574 -278,639 +1,918,586 U.S.Treasurer . 961, -215 +533,691 + 477,805 Foreign 1,050,710 - 33,787 - 211,636 Other 455,631 + 14,397 + 91*065 Total deposit? 17,741,180 +256,162 +2,275,820 Deferred availability items 1,517,681 -319,111- + -122,888 Other liabilities including accrued dividends 10,816 + 53 + 1*283 TOTAL LIABILITIES .43,199,753 -129,194' , +6,243,083 C A P I T A L A C C O U N T S Capital paid in 172,094 + 182 + 12,221 Surplus (Section 7) 228,153 -- + 4o, 056 Surplus (Section 13b) 27,165 -T + 200 Other capital accounts 127,771 + 1,824 + 34,985 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,754,936 -127,188 +6,330,545 Ratio of gold certificate reserves to deposit and F.R.note liabilities combined 43.0^ - .2% 9 Commitments to make industrial loans 4,374. 251 172 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 285b STATEMENT OF CONDITION OF THB FEDERAL RESERVE BANKS-OK SEPTEMBER 26, 1945 { In thousands of dollars) A S S E T S Total Boston New York Phila. Cléve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Gold certificates 17, 195,065 750,099 5,303,277 814,880 1137,218 791,719 896,144 3292,947 513,616 504,675 557,672 449,905 2564,913 Redemption fund for F. R. notes 724,053 60,207 98,056 55,367 72,418 61,139 42,360 115,491 45,340 19,762 33,568 26,502 95,823 Tota}. gold certificate reserves 17,919,093 818,306 5,406,333 870,247' 1209,636 852,858 938 , 5o4 3408,458 • 561,956 324,437 591,240 476,407 2460,736 Other cash 255,608 20,161 47,966 16,465 17,643 14,225 20,233 27,417 12,034 6,641 13,084 8,943 30,796 Discounts and advances 421,646 23,270 164,795 13,935 30,175 19,795 10,350 85,379 25,450 • 15,630 21,825 500 7,542 Industrial loans 2,981 121 — 2,382 — 72 — l4l — — 15 -- 250 U. S. Govt* securities: B ills 15,215,156 753,552 3,050,074 872,622 1255,895 906,585 675,956 2155,096 553,377 328,590 623,019 453,541 1584,849 Certificates 7,092,961 500,162 1,756,624 537,700 681,374 445,805 377,716 919,220 355,765 190,420 329,580 304,842 693,755 Notes 1,902,150 134,130 471,081 144,196 182,726 119,554 101,293 246,513 95,406 51,065 88,335 81,753 186,048 Bonds 977,592 63,921 242,058 74,093 93,891 61,431 .. 52,043 126,667 49,023 26,259 45,4l6 42,007 95,593 Total U* S# Government securities 25,185,659 1456,765 5Î-519,837 1628,611 2213,886 1533,373 1207,013 3447,496 1053,571 596,314 Î036,400 832,143 2560,250 Total loans and securities 25,610,286 1485,156 5,664,632 1644,928 2244,061 1553,240 1217,563 3531,016 1079,021 611,944 1103,240 882,643 2568,042 Due from-foreign banks 110 7 1/ 4o 10 10 5 4 14 3 3 3 3 8 F* ïim notes of other banks 99#30Q 3,958 15,230 4,750 5,327 7,019 3,504 12,511 0,547 4,920 7,245 3,376 18,122 Uncollected items 1,799,525 152,195 345,943 102,166 165,089 149,922 105,627 267,428 75,136 46,527 93,669 74,422' 220,801 Bank premises 33,557 1,573 8,743 3,349 4,017 2,790 1,579 3,124 2,078 1,237 2,614 846 1,882 Other assets 57,165 4,118 12,966 4,066 5,505 3,434 3,310 7,645 3,130 1,623 2,763 2,707 5,890 TOTAL ASSETS 43,754,936 2405,474 11,521,£58 -2645,981 3651,383 2 583,493 2295, 132-7257,591 1741,905 997,332 1813,853 1449,347 5306,277 l/ After deducting $70,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis