H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR THE PRESS Released f,or publication Board of Governors Friday morning, Oct. 12; of the Federal Reserve System not earlier# October 11, 1945 CONDITION OF THE FEDERAL RESERVE 3ANKS During' the' week ended October 10, member bank reserve balances increased $117,000,000. Additions to member bank .reserves arose from increases of $102,000,000 in Reserve Bank credit. andJ$9,000,000 in Treasury currency and de­ creases of $113 ,000,000 in Treasury deposits with Federal Reserve Banks and $49,000,000 in nonmembor deposits and other Federal Reserve accounts, offset in part by a decrease of $32,000,000 in gold stock and increases of $109,000,000 in money in circulation and $14,000,000 in Treasury cash. Excess'reserves of member banks on October 10 were estimated to be approximately $1,020,000,000. Holdings of United States Government securities increased $60,000,000, re­ flecting a like increase in b ills. Changes in member bank reserve balances and related items cjuring the week and the year ended October 10, 1945» were as follows: Increase or decrease since Oct* 10, Oct. 3, Oct. 11, 1945 1945 1944 ( In millions of dollars) U. S# Government securities 23,272 + 60 + 6,256 Loans, discounts and advances 316 1 + 159 Other Reserve Bank credit 335 ♦ 44 * 5 ■( Total Reserve Bank credit 23.923 + 102 + 6,420 Gold stock ¿0,o4o -* 32 - 685 Treasury currency. 4,257 + 9 + 144 Member bank reserve balances 15.537 + 117 + 1,829 l.ioney in circulation £7,9$2 + 109 + 3,863 Treasury cash 2,232 + 14 84 Treasury deposits with F* R* Banks 535 - 113 + 324 Nonmember deposits and other R. accounts 1,904 - 49 54 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form ,?• R. 283^ ST-iTEIvIENT OF CONDITION OF THE FEDERAL -HE;SERVE BANKS ON OCTOBER 10, 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 SenFran* Federal Reserve notes 24,156,755 1462,478 -5,251+, 883 1593,610 2036,778 1692,522 14^9,042 4.39s ,506 1020,315 541,781 903,612 617,725 3105,505 Deposits; 15,536,705 704,095 4,906,474 731,35.’ =1171,604 699,235 692,795 2283,625 575,199 366,744- 785,086 716,774 1855,520 535,44-8 . 35,961 197,240 38,^57 40,487 19,651 14-,855 74,954 17,836 20,24-1 13,500 16 ¿79 45,707 Foreign 980,998 62,513 I/389,2?2 81,582 80,655 38r957 52,41+7 120,518 27,812 21,322 27,812 27,812 70,496 Other 438,260 3,690 332,0o0 2 ,634 14,229 8,047 2,927 4,777 9,8 lb 1,853 3 »03^ 2 ,049 53,162 Total deposits 17,4.91,1+31 806,059 5,325,060 9^4,12? 1306,975 765 ,868 745,004 2484,074- 630,061 410,160 827,433 763,114 2024,885 Deferred availability items: 1,420,811 111,229 278,577 8o,063 140,280 115,247 96,100 188,306 65,390 39,805 33,926 54,644- 166,941+ Other liabilities includin accrued dividends 10,720 850 2,801 855 1,035 572 494 1,350 439 ■ 391- 41+9 351 1,133 TOIiJL LIABILITIES 43,059,717 2380,616 11,561 ,127 2578,655 3535,118 2574,209 2298,640 7072,216 1717,305 992,107 1815,425 1455,354 5293,465 Capital paid in 172,522 10,438 61,104.. 12,972 17,439 6,911 6,212 20,545 5,523 3,735 5,660 5,967 16,016 Surplus (Section 7) 228,153 15,259 84,905 19,872 19,071 7,815 7,956 33,201 7,048 4,950 6,-196 6,025 15,899 Surplus (Section 13b) •27,165 2,880 7,145 4-,468 1,007 5,290 762 1,429 527 1,073 1,13 7 1,307 2,142 Other capital accounts 131 ¿96 8,084 28,785 9,383 14,482 8,4-8? 7,205 19,038 6,508 4,991 6,319 5,469 12,747 TOTAL LIABILITIES aHD C^lPIT^L ACCOUNTS 43,619,053 2417,257 11,54.3.062 2625,350 3587,117 2600,710 2320,753 7146,429 1736,9111006,8561.833344,,773377 11445544,,660022 55334455,,226699 Commitments to make industrial loans 4-,521 100 — 3,232 20 300 —- 376 193 500 F. ft. notes outstanding 24,790,139 14.96,626 5.372,706 1637,713 2137,748 1728,797 1513,078 41tf6,99l 1068,207 551.009 993300,,335588 664499,,008899 53222277,,881177 Collateral for F+- ft. notes held by F. R» Agents: Gold certificates 280,000 164,000 1649,000 Eligible? paper 236,94.0 16,700 158,815 3,650 — 19,600 ...................... .3,750 5;000 22,625 6,800 U* S. Govt* securities )0,000 14.50,000 1225,000 900,000 2400,000 849,870 650,000 500,000 1700,000 MATURITY DISTRIBUTION 'OF L0;J\iS AND SECURITIES iYithin l6 to 31 to 6l to 91 days to 6 months » 2 2 to 5 Over ■ Total 15 day# 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 313.094 237,14.5 20,950 28,610 26,389 Industrial loans 2,700 2,052 76 .230 121 32 92 97 U. S» Govt, securities 23,272,238 2,921,881 2,l?9„l88 4,501,123 '4,357,093 3»538,671 4,245,490 273,800 507,652 71+7,340 l/ After deducting $591,466,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

J’qtiBi F. R. 283a Released for publication Friday, morning, October 12,19455 no^ earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED' (In thousands of dollars) Increase or decrease since Oct, 10, Oct. Oct. 11, 1945 1945' I9kh A S S E T S Gold certificates 17,116,565 - 47,ooo - 922,000 Redemption fund for F, R. notes 750,321 +:16,031 + 228,506 Total gold certificate reserves 17,866,886 - 30,969 - 693,494 Other cash 226,66? - 14,814 - 15,107 Discounts and advances 313.094 1,037 + 164,899 Industrial loans 2,700 359 6,312 U.S. Govt, securities» Bills 13,102,535 + 60,019 +2,006,543 Certificates 7,254,161 +3,651,171 Notes 1,938,150 + 864,779 Bonds 977,392 - 266,034 Total U, S, Government securities 23,272,238 + 60,019 +6,256,459 Total loans and securities 23,588,032 + 58,623 +6,415,046 Due from foreign banks lio 26 F. R. notes of other banks 95.650 - 5.679 + 25,746 Uncollected items 1.756,092 - 32,590 + 111,166 Bank premises 33,805 l 662 Other assets 51.809 + 1,465 - , 4,344 TOTAL ASSETS 43,619,053 - 23,965 ■ +5,838,325 L I A B . I L . I T I E S Federal Reserve notes 24,136,7.55 + 96,115 +3,637,881 Deposits j Member bank-reserve account 15,536,705 +116,274 +1,828,854 U, S, Treasurer ■ - • 535.448 -112,244 + 324,938 Foreign 980,998 - 58,385 - 240,162 Other 438,280 + 8,395 + 91,191 Total deposits 17,491,431 - 45,960 +2,004,821 Deferred availability items .1,420,811 - 76,695 + 105,506 Other liabilities including accrued' dividends 10,720 + 504 +■ 1,131 TOTAL LIABILITIES 43,059,717 - 26,036 +5,749,339 C A P I T A L A C C O U H ' t S Capital paid in 172,522 + 256 +' 12,246 Surplus (Section 7) 228,153 + 40,056 Surplus (Section 13b) 27,165 + 200 Other capital accounts 131,496 + 1,81'5' + 36,484 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,619,053 - 23,965 +5,838,325 Ratio of gold certificate reserves to deposit and F, R. note •" liabilities combined 42.9/ ■- .If« -• d.7% Commitments to make industrial loans 4,521. 338 + 173 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F, R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 10, I9U5 (In thousands of dollars) ii S b E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, 'Kans.Cy, Dallas SanFran. Gold certificates 17,116,565 725,033 5,073,517 809,033 1114,670 895,799 901,946 3379,430 535,122 315,022 571,964 455/184 2339,845 Redemption fund for _ F. R. notes 750,321 60,062 112,.513 55,085 72,715 62,695 46,177 120,408 43,278 19,742 35,517 26,480 95,649 Total gold certificate reserves 17,866,886 785,095 5,186,030 864,118 1187,385 958,494 948,123 3499,838 578,400 334,764 607,481 • 481,664 2435,494 Other cash 226,609 20,160 50,408 16,363 16,814 13,220 16,640 25,531 10,618 6,636 12,964 7,995 29,320 Discounts and advances 313.094 17,370 162,435 4,530 21,245 20,020 2,050 45,179 4,050 5,23.0 22,925 500 7,560 Industrial;loans 2,700 121 -- 2,126 -- 72 — 141 — 15 — 225 U. S. Govt, securities: Bills 13,102,535 772,129 3,288,297 870,666 1221,368 810,753 663,014 1904,577 556,229 341,552 580,756 428,484 1656,710 Certificates 7,254,161 495,114 1,758,644 536,465 687,590 459.690 400,362 971,094 357,904 187,176 359,083 331,090 709,949 Notes 1,938,150 132,285 4^,872 143,332 183,708 122,819 106,966 259,454 95,624 50,008 95,938 8p.,46i 189,683 Bonds 977,392 66,710 236,952 72,281 92,642 61,936 53,942 . 130,841 48,223 25,219 48,381 44,610 95,655 Total U. S. Government , < securities 23,272,238 1466,238 5,753,765 1630,744 2185,308 1455,193 1224,284 3265,966 1057,980 603,955 1084,158 392,645 2651,997 Total loans and securities 23,588,032 1483,729 5,916,200 1637,400 2206,553 1475,290 1226,334.3311,286 1062,030 609,185 1107,098 893,145 2659,732 Due from foreign banks 110 7 1/ 4o 10 10 5 4 14 3 3 ; 3 3 8 F.R. notes of other banks 95,650 -3,577 12,119 3,799 6,371 7,713 7,636 10,175 7,181 4,617 6,481 3,893 22,088 Uncollected items 1,756,092 119,369 357,588 96,980 161,199 140,059 117,271 289,642 73,659 48,926 95,406 64,705 191,288 Bank premises ■-33,805 1,568 8,729 3,349 4,017 2,790 1,579 3,123 2,074 1,245 2,609 84o 1,882 Other assets 51,809 3,752 11,948 3,331 4,768 3,139 3,166 6,820 2,946 1,480 2,695 2,357 5,407 TOTAL ASSETS 43,619,053 2417,257 11,543,062 2625,350 3587,117 2600,710 2320,753 7146,429 1736,9111006,856 1834,737 1=454,602 5345,269 l/ After deducting $70,000 participations of other Peders-1 Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis