H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F.- R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Oct. 26; of the Federal Reserve System not earlier. October 25» 194-5 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 24# member bank reserve balances increased $51#000,000, Additions to member bank reserves arose from in­ creases of 391#000,000 in Reserve Bank credit and $6,000,000 in Treasury' currency, offset in part b;y increases of $22,000,000 in money in circulation, $2,000,000 in Treasury deposits with Federal Reserve Banks and $25*000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on October 24 were estimated to be approximately $1,020,000,000, Holdings of loans, discounts 6nd advances ‘increased $73#000,000 and of United States Government securities $183,000,000. The increase in holcli.iJgs of United.States Government^securities reflects an increase of $27*!? ,'000,000 in b ili’s'and decreases of"'c63#0c6,000'in certificates and”' $18,000,000 in notes. Changes in member bank reserve balances and related items during the week and the year ended October 24# 1945# were as follows: Increase or decrease since Oct, 2k$ Oct. 17, Oct. 25 1945 1945 1944 (In millions of dollars) U. S. Government securities 23,039 +188 +5,828 Loans , discounts and advances 392 + 73 +' 61 Other. Reserve Bank credit 309 -170 + 2 Total Reserve Bank credit 23,790 + 91 +5,891 Gold stock 20,038 - l - 639 Treasury currency 4,270 + 8 + 155 Momb-r bank reserve balances 15,751 + 51 +1,311 Money in circulation 27,974 + 22 +3#753 Treasury cash 2,248 - 1 - Ill Treasury deposits with F. R. 'Banks - 295 + 2 + 06 Nonmomber deposits and other accounts •1,831 + 25 - 166 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 28jc STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 2h, X9b5 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,155,26? l455,4ll 5,228,435 1590,450 2078,372 1695,890 1460,874 44oi,5i4 ib24,582 545»p4o 900,970 614,4255161,504 Depositss Member bank-reserve acct# 15>751 #223 713^4*23 5,062,3m 786,608 1188,624 689,292 682,688 2245,598 577,940- 571,480 778,023 716,539 1938,867 U*S*Treasurer-general acct. 29^*887 16,203 64,148 16,103 32,972 13,H3 13,196 62,186 n,643 8,454 15,961 12,507 28,421 Foreign 9& b$Q 7 61,599 1/582,444 80,252 79,339 53,302 51,918 118,554 27,559 20,975 27,359 27,359 69,347 Other 3824-,055 2,223 288,959 2,653 5,784 7,988 2,775 4,237 9,952 1,521 2,002 l,4oi 54,560 Total ‘deposits 17,394,972 793,448 5,797,892 885’,616 1306,719 748,695 750,577 2430,375 626,894 402,410 825,345 757,806 2091,195 Deferred availability items 1,511,783 116,525 291,920 86,900 158,020 125,865 107,200 222,878 69,968 40,370 95,546 61,582 159,209 accrued dividends 11,338 872 2,951 817 1,072 573 557 1,505 435 557 1+51 415 1,179 TOTAL LIABILITIES 43,075.560 2564,256 11,521,178 2565,783 3524,183 2569,023 2299,208 7056,270 1721,377 983,577 1818,292 1454,026 5412,887 Capital paid in 172,678 10 M o 61,120 12,992 17,470 6,957 6,215 20,555 5,525 5,74o 5,675 5,965 16,024 Surplus (Section 7) 228,155 15,239 84,905 19,872 19,071 7,315 7,956 55,201 7,048 4,950 6,196 6,025 15,899 Surplus (Section 13^) 27,165 2,880 7,145 4,468 1,007 3,290 762 1,429 527 1,075 1,137 1,507 2,142 uther capital accounts 155,o45 8,296 • 29,645 9,652 i4,34o 8,744 7,404 19,509 6,655 5,089 6,477 5,642 13,094 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,656,401 2401,111 11,505,989 2610,767 3576,571 2595,827 2321,525 7130,964 1741,630 1003;,2291837,777 1452,965 5460,046 ConiiLitments to make industrial loans 5,551 164 — 2,176 20 300 376 ---- ---- 195 522 F# H* snotes outstanding 24,910,999 1496,255 5,576,425 1646,547 2136,949 1739,022 1522,663 4483,948 1071,765 556,708 935,568 648,696 5298,675 Collateral for F. R. notes held% by F. R. Agents: Gold, certificates 10,763^000 410,000 3,270,000 450,000 695,000 550,000 635,000 2200,000 300,000160,000 280,000 164,0001649,000 Eligible papier 267,842 33,000 119,255 8,232 14,550 17.205 18,500 27,400 29,700 U.S.Govt, securities 14,396,270 1100,000 2,100,000 1200,000 1450,000 1225,000 :900,000 2300,000 871,270 4oo,ooo 650,000 500,000 1700,000 MATURITY LISTRIBUIIoK OF LO.J'TS AND SECURITIES' Within l6 to 31 to 6l= to 91 days to 6 months 1 to 2 2 to 5- Over Total 15 days 50 days 60 days 90 d:.ys 6 months to 1 year years years 5 years DiSCOunts and adv&nces 389,706 317,902 38,460 20,840 ‘ 12,504 Industrial loans 2,700 2 ,085 4 184 202 6 32 91 98 , , 3. Govt, securities 23,089,165 2,958,803 2,095,555 4,501,964 4,312,890 3,493,671 4,197,490 273,300 507,652 747,3^0 l/ After deducting $581,826,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F4 R. 283a Released for publication Friday morning, October 26, 191+5} not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease sinco Oct. 2i+, Oct. 17, Oct. 25, 1945 1945 1944 A S ^ E J S Gold certificates 17,128,565 — 500 - 892,500 Redemption fund for F. R. notes 750,850 905 + 213,022 Tptal gold certificate reserves . 17,379,1+15 1,405- 679,1+78 Other cash 21+3,91+2 + 11,449 - 17,605 Discounts and advances 389,706 + 72,972 + .67,427 Industrial loans 2,700 + 149 5,757 U. S. Govt, securities: Bills 13,020,1+62' +274^660 +1,840,160 Certificates 7,171,161 - 68,000 +5 »¿£9,671 Notes • 1,920,150 - 18,000 + 821+, 279 Bonds •977,392 — - 266,034 Total U. S. Government securities 23,089,165 +188,660 +5,828,076 Total loans and securities 23,1+81,571 +261,781 +5,889,746 Due from foreign banks no ..26 F. R. notes of other banks 118,632 + 6,961 + 37,969 Uncollected items 1,820,216 -565,093 + 127,682 Bank premises 3.3,787 r . 1.8 654 Other assets 58,728 + 2,045 + 1,243 TOTAL ASSETS 1+3,636,1+01 -281+,280 +5.358,877 < L I A B I L I T I E S Federal Reserve notes 21+,155,267 + 50,31+2 +3,521,167 Deposits: Member bank-roserve account 15,751,223 + 50,755 +1,811,182 U. S. Treasurer-General account 29l+,88? + 1,61+7 + 66,115 Foreign 961+.807 + 4,690 - 279.747 Other 3.84,055 + 20,205 + 22,500 Total deposits •17,394,972 * 77,297 +1,620,050 Deferred availability items 1,511,783 ~?9h,lb2 + 126,267 Other liabilities including accrued dividends 11,538 + h2k ♦. ;1,002 TOTAL LIuBILITIES 43,073»36o -286,119 +5,268,486 C A P I T A L - A C C O U N T S Capital paid in ■ 172,678 + 102 + 12,21+1 Surplus (Section 7) 228,153 — + 40,056 Surplus (Section ljb ) 27,165 ---- + 200 Other capital accounts 135,045 + 1.737 + 37*894 v TOTAL LIABILITIES AND CAPITA ACCOUNTS .1+3,656,401 -.284,280 +.5,558,877 Ratio of gold certificato reserves to deposit end F. :i. note . _ , _ „ liabilities combined 43 ,.o% - .1% 0,0% Commitments to nake industrial loans 3.551 - 168 •: 1,250 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form i“. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE -'B/J.KS OH OCTOBER 24, 1945 (In thousands of dollars)' A S S E T S Total Boston New York Phila. Clevo. Rich. Atlanta Chicago St.Louis ‘Llinn. Kans.Cy. Dallas SanFran. Gold certificates 17,128,565 712,993 5,186,163 829,417 1110,351 886,500 890,579 3214,095 533,749 312,872 568,996 1+52,236 21+30,611+ Redemption fund for F. R. notes 750,850 59,841 in ,965 60,361 72,578 63,265 1+5,911 120,126 1+3,218-20,218 35,447 26,375 91,545 Total gold certificate 17,879,415 772,834 5,298,128 889,778 1182,929 949,765 936,490 3334,221 576,967 333,090 6ol+,443 478,611 2522,159 reservos Other cash 243,942 22,883 1+6,068 17,821+ 18,960 16,137 21,198 27,986 10,504 7,368 13,639 ?,438 31,937 Discounts and advances 389,706 33,670 122,875 9,112 18,920 14,9?o 22,940 72,324 17,505 18,730 27,700 500 30,1+60 Industrial loans 2,700 118 2,161 «... 65 . . . l4l — — 15 ------- 200 U, S. Govt* securities: B ills 13,020,1+62 750,733 3,184,995 835,592 1216,766 8l6,ll+3 653,150 2026,585 51+6,1+94 325,472 570,271+ 424,691 1669,517 Certificates 7,171,161 489.158 1,738,669 530,108 679,305 454,427 396,013 960,505 353,944 184,841 355,039 327,509 701,61+3 Notes 1,920,150 130,977 465,546 141,943 181,892 121,678 106,037 257,185 94,771 49,492 95,065 87,693 187,871 Bonds 977.392 66,670 236,972 72,252 92,586 61,936 53,975 130,912 48,21+0 25,192 48,390 44,637 95,630 * Total Vf S* Government securities 23,089.165 1437,588 5,626,182 1579,895 2170,549 1454,184 1209,175 3375,187 101+3,1+49 584,997 1068,768, 881+.530 2654,661 * Total loans and securities 23,1+81,571 1471,376 5,749,057 1591,168 2189,469 1469,219 1232,115 3447,652 1060,954 603,727 1096,1+83 885,030 2685,321 Due from foreign banks no 7 1/ 40 10 10 5 4 14 3 £ 3 3 8 F«R*notes of other banks 118,632 4,519 16,796 4,745 7,701 10,745 9,781 13,466 10,074 . 5,544 7,328 5,390 22,543 Uncollected Items 1,820,216 12l+,l4D?. 372,052 100 ,iil+ 167,965 143,470 116,81+8 296,051 77 ,7 82 50,565 110,316 f0,510 190,134 Bank premises 33,787 1.568 8,729 3,349 4,007 2,783 1,578 3,123 2,073 1,246 2,609 ‘ 81+0 1,882 Other assets 58,728 3,515 13.119 3,779 5,530 3,703 3,511 8,451 3,273 1,686 2,956 3,143 6,062 TOTAL ASSETS i+3,636,1+01 21+01,111 11,503,989 2610,767 3576,571 2595.827 2-321,525 7130.961+ 171+1,630 100^,2291837,777 1452,965 5460,01+6 l/ After deducting $70,00Q participations of other. Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis