H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F* H, 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Oct. 19; of the Federal Reserve System not -earlier, October 18, 1945 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October Y], member bank reserve balances increased $163,000,000. Additions to member bank ¡reserves arose from decreases of $21*2,000,000- in Treasury deposits with Federal Reserve Banks, $98,000,000 in non­ member deposits and other federal Reserve accounts, $33,000,000 in Treasury cash and $10,000,000 in money in circulation and S.n increase of $5,000,000 in Treasury currency, offset in part by a decrease of $221*, 000,000 in Reserve Bank credit. Excess reserves of member banks on October 17 were estimated to be approximately $1, QUO,000,000. Holdings of United States Government securities decreased $371,000,000, re­ flecting a decrease of $357,000,000 in bills and $15,000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year ended October 17, 19-45, were as follows: Increase or decrease since Oct, 17, Oct, 10, Oct. 18, 1945 ■1945 1944 (In millions of dollars) U. S. Government securities 22,901 - 371 + 5,014 Loans, discounts and advances 319 + .3 + 125 Other Reserve Bank credit 479 + 144 35 Total Reserve Bank credit 23,699 22h + 5,904 Gold stock 20,039 - 1 689 Treasury currency 4,262 + 5 + li|8 Member bank reserve balances 15‘, 700 + 163 + 1,886 Money in circulation 27,952 - 10 + 3,795 Treasury cash ■ 2,21*9 - 33 - 113 Treasury deposit« with R* Banks 293 - 242 22 Nonmember deposits and other F9 R* accounts 1,806 .. - 98- - -■ 182 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form 235c STATEMENT OF (DNDITIOÌ OF THE FEDERAL RESERVE BANKS ON OCTOBER 17, 1945 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve, ifich. Atlanta Chicago St.Louis Minn. Kans.Qy» Dallas SanFran-. Federal Reserve notes 24,124,925 11+61,079 5,239,225 1592,849 2083,798 1696,941 1I4.6O¿32 4401,970 1022,056 54.3,606 902,163 615,396 3105,1+10 Deposits : Member bank-reserve acct. 15,700,468 700,361 ¿1,999,485 796,723 1191,230 696,167 688,900 2262,537 587,112 373.514 781,180 719,263 1903,988 U ..S.Treasurer-general acct. 293,21+0 14,560 81,893 li; ,935 22,085 ll* ,650 7,011 60,001 13,746 8,182 iû,81+o 9,310 36,027 Foreigi 960,117 61,857 1/375,664 So ,531+ 79,619 38,1+37 32,030 118,971 .27,1+55 21,01+9 27,1+55 27,455 69,591 Other 363,850 2,526 267,908 2 ,36l 7 ,0l4 8,308 2,805 4-,557 9,787. 1,543 3,113 1,633 51,795 Total deposits 17,317*675 779,304 5 ,724,950 895.053 1299,948 757,562 730,746 2446,066 638,100 ,u04,288 822,596 757,661 2061 ,koi Deferred availability item;> 1,905,965 152,386 393,061 110,266 175,326 155,404 124,238 293,812 86,001 50 0+54 99,809 68,790 196,330 Other liabilities includinj accrued dividends 10,911+ 887 2,870 759 1,048 570 .506 1,423 403 *458 426 387 1,177 TOTAL LIABILTIBS 43,359,479 2393»656 11,360,106 2593,927 3560,120 2610,477 2315,922 7143,271 1740,640 :998,806 1824,994 1442,234 5304,326 Capital paid in 172,57.6 10,1+39 61,113 12,982 17,465 6,911 6,215 20,5.48 5,525 3,737 5,656 5.969 16,016 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*8 99 Surplus, (Section 1.3b) 27,165 2,380 7,143 40+63 1,007 3,290 762 1,429 527 1,073 1,137 1,307 2,142 Other capital accounts 133,308 8,187 29,220 9,519 14,659 8,6l4 7,301 19,412 6,555 >,025 6,349 5,548 12,919 TOTAL LIABILITIES AND t CAPITAL ACCOUNTS 43,920,681 2I+30.401 11,542,485 2645,768 3612,322 2637,10^ 2338,136 7217,661 1706,295 1013,591 1844,332 l46l ,083 5411,302 Commitments to make industrial loans 3,719 164 --------- 2,366 20 300: — 376 --------- --------- 193 300 F. R* notes outstanding 2l+,8ll+,543 1492,243 .5,378 ,746 1643,318 2139,339 1734,963 1513,108 4433,216 1068,305 ;554,348 930,052 647,510 3229,335 Collateral for F* R. notes held by F . A g e n t s : Gold certificates 10,738,000 410,000 3,270 ,000 450,000 695,000 525,000 635,000 2200,000 300,000 160,000 280,000 164,000 1649,000 Eligible paper 20l+,155 18,150 116,970 5,220 --------- 13,400 --------- — 15,490 9,000 19,225 --------- 6,700 U.S* Govt« securities 11+,588,292 1100,000 2,100,000 1200,000 1450,000 1225,000 900,000 2300,000 863,292 1[+00,000 650,000 500,000 1700,000 MATURITY DISTRIBUTION OjF LOANS AMD SECURITIES Within l6 to 31 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 t;o 1 year years years 5 years Discounts and advances 316,734 ' 232,085 41,135 26,870 l6j»644 --------- --------- --------- --------- -------- Industrial loans 2,551 1,909 . 65 5 344 8 ?! 92 97 U. S* Govt, securities 22,900,505 2,832,032 2,093,173 40+54,116■ 4,223,,231 3,528,671 -L*,240,490 273,800 507,652 7k7,3UO l/ After deducting $5^3#873*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 Friday morning,, October 19,1945? not earlier. STATEMENT OF CONDITION OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Oct. 17, Oct. 10, Oct. 18, 1945 1945 1944 A S S E T S Gold certificates 17,129,065 + 12,500 - 900,500 Redemption fund for F. R,. notes ■ 751,755 + 1,434 + 221,333 Total gold certificate 'reserves 17,880,820 + 13,934 - 679*167 Other cash 232,1+93 + 5,824 - 21,723 Discounts and advances 316,734 + 3,640 + 131,139 Industrial loans 2,551 149 5,955 U. S# Govt, securities* Bills 12,745,802 -356,733 +1,651,864 Certificates 7,239,161 - 15,000 +3,565,171 Notes 1,933,150 — + 862,779 Bonds 977,392 — - 2 66,034 Total U. S. Government securities 22,900,505 -371,733 +5,813,780 Total loans and securities 23,219,790 -368,242 +5,938,964 Due from foreign banks 110 — 26 R. notes of other banks 111,671 + 16,021 + 38,764 Uncollected items 2,305,309 +629,217 + 277,661 Bank premises 33,805 — 661 Other assets 56,683 + 4,874 + 243 TOTAL ASSETS 43,920,681 +301,628 +5,554,055 . L I A B I L I T I E S Federal Reserve notes 24,124,925 - 11,830 +3,560,937 Deposits j Member' banker©serve account 15,700,468 +163,763 +1,855,984 U. S.Treasurer -General account 293,240 -242,208 22,142 Foreign 960,117 - 20,881 - 277,996 Other 363,350 - 74,430 + 4,055 Total deposits 17,317,675 -173,756 +1,589,901 Deferred availability items 1,905,965 +485,154 + 3.12,548 Other liabilities including accrued dividends 10,914 + 194 + 763 TOTAL LIABILITIES 43,359.479 +299,762 +5,464,149 c a p i t a l a c c o u n s Capital paid in 172,576 + 54 + 12,321 Surplus ( Sec ti on 7) 228,153 — + 40,056 Surplus (Section 13b) 27,165 — + 200 Other capital accounts 133,308 + 1,312 + 37,329 TOTAL LIABILITIES AND CAPITAL ACCOUNTS •43,920,631 +301, <628 +5,554,055 Ratio of gold certificate reserves to deposit and F. R, note liabilities combined 43.1% + • .2% S.($ Commitments to make industrial loans 3,719 802 1,100 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE B,.NKS ON OCTOBER 17, I945 (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 SanF ran. Gold certificates 17,129,065 709,478 5,232,155 805,473 1107,694 898 ,'606 871,650 3249,927 528,577 3 06,583 559,322 450,635 2408,965 Redemption fund for i*\ R. notes 751,755 59,915 112,217 59,991 72,681 63,765 46,006 120,219 43,248 20,225» 35,469 26,400 91,615 Total gold certificate reserves 17,830,820 769,393 5,344,372 865,464 1180,375 962,371 917,656 3370,146 571,825 326,812 594,791 477,035 2500,580 Other cash 232,493 20,817 43,100 16,519 20,408 13,615 17,463 26,798 10,414 6,114 13,113 8,627 30,505 Discounts' and advances 316,734 18,820 120,590 6,100 20,595 13,820 26,250 58,054 15,790 9,230 '19,525 500 7,460 Industrial loans 2,551 121 1,984 65 141 15 225 U. S*. Govt» securities: Sills 12,745,802 733,470 2,989,017 855,828 1197,551 815,773 656,291 1991,525 549,423 336,322 5? 1,575 418,744 1620,283 Certificates 7,239,161 494,047 1,755,030 535,325 686,105 453,739 399,563 969,163 357,133 136,760 358,351 330,436 708,454 Notes 1,938,150 132,273 469,877 143,322 183,692 122,319 106,976 259,476 95,63 0 50,001 95,940 30,469 139,675 Bonds 977,392 ¿6,704 236,955 - 72,276 92,634 • 61,936 - 53,947 130,351 48,226 25,215 48,332 44,614 95,652 Total U* S. Government securities 22,900,505 1426,494’’ 5^450,879 1606,751 2159,982' 1459,267 1216,732 3351,015 1350,462 598,293 1084,243 382,263 2 614,064 Total loans and securities 23,219,790 1445,435 5,571,469 1614,835 2130,577 1473*152.1243,032 31*09,210 1066,252 607,528 1103,738 332,763 2621,749 Due from foreign banks 110 7 1/ 4o 10 10 5 4 14 3 3 3 3 8 F*R#notes of other banks 111,671 4,313 1Ü”, 612 4,469 7,104 7/517 9,310 15,217 8,284 • 5,597 7,696 4,748 20,fl04 Uncollected items 2,335,309 184,061 538,631 137,419 214,686 174,233. 145,544 387,621 104,363 64,704 119,502 84,521 230,024 Bank premises 33,305 1,568 8,729 3,349 4,017 2,790 1,579 3,123 2,073 1,246 2,609 84o 1,882 Other assets 56,683 4,807 12,532 3,703 5,145 3,422 3,548 7,732 3,081 1,587 2,830 2,546 5,750 TOTAL ASSETS 43,920,68 1 21+30,401 11, 542,465''2645,768 3612,322 2637,105 2338, 136 7217,861 1766,2951(13,591 1344,332 1461,033 54n ,3o2 l/ lifter deducting ?70*090 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis