H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Forra F. R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Nov. 9 ; of the Federal Reserve System not earlier. November 8, 19^5 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 7» member bank reserve balances increased $1]*,000,000. Additions to member bank reserves arose from decreases of $166,000,000 in Treasury deposits with Federal Reserve Banks and $62,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $10,000,000 in Treasury currency, offset in part by decreae^s of $110,000,000 in Reserve Bank credit and $2,000,000 in gold stock and increases of $111,000,000 in money in circulation and $3,000,000 in Treasury cash. Excess reserves of member banks on November 7 were estimated to be approximately $990,000,000. Holdings of loans, discounts and advances increased $69,000,000 while holdings of Unite.d States Government securities decreased $200,000,000. The de­ crease in holdings of United States Government securities reflects- a decrease of $285,000,000 in b ills and an increase :-of $86,000,000 in certificates. Changes in member bank reserve balances arid related items durirg the week and the year ended November 7> 191*5» were as follows: Increase or decrease' since Nov. 7» Oct, 31, Nov. 8 I9)l5 I9h5 19UU (In millions of dollars) U. S. Government saourities 23,076 - 200 +5,119 Loans, discounts and advances 510 + 69 + 101 Other Reserve Bank credit 290 + 20 + 2 Total Reserve Bank credit 23,377 - 110 +5,222 Gold stock 20,035 2 - 691 Treasury currency il,285 + 10 + 170 Member bank reserve balances 15,737 + 11 +1,578 Money in circulation 28,137 + 111 +3,1*63 Treasury cash 2,268 + 3 - i*5 Treasury deposits with F, R. Banks 261 168 - - 53 Nonmember deposits and other F. k, accounts 1,79b - 62 - 21*1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 7, 1945 (in thousands of dollars) L IA ï3_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 2^,295,813 1452,235 5,263,066 1598,925 2076,901 1715,031 11+75,011 1(1+12,232 1036,516 548,525 908,280 622,321 3186,770 Deposits: Member bank-reserve acct.-15,737»328 7.24,828 4,895,066 795,691 1165,747 717,089 705,549 2297,755 600,602 383,034 803,556 733,815 1914,596 U .S .Treasurer-general acct. 261,470 14,785 , 40,420 30,670 16,655 8,401 14,430 47,983 111 ,146 11,224 12,072 11,81)1+ 38,84o Foreign 913,922 57,480 1/372,209 74,622 73,774 35,615 29,679 110,237 25,439 19,504 25,439 25,439 64,485 Other 396,350 2,472 “ 293,134 2,814 8,205 7,928 2,922 7,109 10,437 3,071 2,516 1,093 54,649 Total deposits 17,309,070 799,565 5,600,829 903,797 1264,381 769,033 752,580 2463,084 650,624 416,833 843,583 772,191 2072,570 Deferred availability items 1,447,438 105,817 229,327 99,131 135,884 iii4 ,m 104,638 203,631 72,726 39,425 91,720 63,677 157,351 Other liabilities including accrued dividends 11,088 761 2,956 795 1,093 572 502 l ,600 1+44 369 453 371 1,172 TOTAL LIABILITIES 43,063,409 2358,378 .11,096,178 2602,6/48 3478,259 2628,747 2332,731 7080,547 1760,310 1005,1521844,036 1458,560 5417,863 Capital paid in 173,097 10,456 61,443 12,999 17,522 6,952 0,226 20,562 5,527 3,745 5,676 5,965 16,024 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 15.899 Surplus (Section ljb) 27,165 2,880 7,143 4,468 1,007 3,290 762 1,429 527 1,073 1,137 1,307 2,142 Other capital accounts 138,995 8,569 30,505 9 <227 15,182 8,940 7,654 20,090 6,846 5,173 6,683 5#J68 13,658 TOTAL LIABILITIES AND CAPITA ACCOUNTS 43,630,819 2395,522 11,280,172 2649,914 353l,o4i 2655,742 2355,309 7155,829 1780,258 1020,0931863,728 1477,625 5465,586 Commitments to make industrial loans 3,320 164 ------ 2,329 20 300 — — — — ------ 135 322 F. Rm notes outstanding 24,995,640 1491,505 5,379,979 1641,469 2134,352 1758,264 1535,432 1(493,989 1085,179 560,215 941,170 654,034 3319,502 Collateral for F* R. notes 'held.by F# R. Agentss Gold certificates 10,713,000 410,000 3,270,000 450,000 695,000 625,000 640,0.00 2070,000 300,0.0 165,000 280,000 164,000 1649,000 E ligible paper 303,703 21,735 . 163,657 4,342 ------ 11,100 — --------■ 23,249 7,500 26;025 — 45,600 U. S-^ Govt, securities 14,622,226 1100,000 2,100,000 rH OJ 0 0 * 0 0 Q rH -3- Lf\ O * O O O 1175,000 900,000 2450,000 347,226 400,000 700,000 500,000 1800,000 MATURITY DISTRIBUTION OF LO/Jfd AND SECURITIES TAiithin l6 to 31 to 6l to 91 days to o 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 end advances 507,382 334,051 63,992 15,889 43,150 Industrial loans 2,331 1,929 . 65 318 3 U. S. Govt, securities 23,076 *,¿44 1,561,333 3,257,720 4,156,041 5,016,320 3,677,343 3,373,390 273,800 507,652 747,340 l/ .After deducting $541,011,000 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, November 9,^945, n°t earlier, STATEMENT of condition OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov, 7, Oct. 31, Nov, 8, 1945' 1945 1944 ASS'E T'S Gold certificates 17,113.565 - 5,000 - 902,500 Redemption fund for F, R. notes 759,705 - 1,145 + 211,594 Total gold certificate reserves ■17,873,270 - ‘ 6,145 -• 690,906 Other cash 231,066 - 12,508 4,246 Discounts and advances 507,882 + .68,826 + 106,701 Industrial loans 2,331 30 5,927 U, S. Govt, securities: Bills 12,887,241 -285,224 +1,098,687 Certificates 7,291,661 + 85,500 +3,475,171 Notes 1,920,150 + 811,279 Bonds 977,392 .- 266,034 Total U. S, Government securities 23,076,444 -199,724 +5,119,103 Total loans and securiti&s 23,506,657 -130,928 +5,219,877 Due frcim foreign banks 110 26 F. R. notes of other banks 106,891 - 5,940 + 38,014 Uncollected items 1,737,707 -103,299 + 9 8 , 0 8 9 Bank premises 33,718 6 670 Other assets 6l,4oo + 595 + 4,94.5 TOTAL ASSETS 43,630,819 -258,231 +4,665,077 L I A B I L I T I E S Federal Reserve notes 24,295,813 +3,200,707 + 8 0 , 8 0 1 Deposits* Member bank - reserve account 15,737,328. + 13,916 +1,577,877 U. S, Treasurer - General account 261,470 -167,459 - 52,240 Foreign 913,922 - £3,600 - 306,732 Other 396,350 - 38,968 - 22,736 Total deposits 17,309,070 -216,111 +1,I96,169 Deferred availability items 1,447,438 -124,151 + 95,508 Other liabilities includihg accrued dividends 1 1 , 0 3 8 453 + 272 TOTAL LIABILITIES 43,063,409 -259,914 +4,572,656 c a p i t a l a c c o .u k t s Capital paid in X13.Q91 + 372 + 12,594 Surplus (Section 7) 228,153 + 40,056 Surplus (Section 13b) 27,165 + 200 Other capital accounts • -136,995- + 1,311 + 39r.571 TOTAL LIABILITIES AND CAPITAL ACCOUNTS- 43, ¿50;, 819 -258,231 +4,665,077 Ratio of gold certificate reserves to deposit and F, R, note liabilities combined 43.$ ’ ♦ *2% ' - 7.c?5 Commitments to make industrial loans 3,320 359 1,700 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Formai. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER ?, I9U5 (In thousands of dollars) À S S E T S Total Boston New York Phila. Clsve. Rich. Atlanta Chicago St.Louis Linn.- Kans.Cy. Dallas SanFran* Gold certificates 17,113,565 71+1,906 i+, 923, 11+1+ 81+3,021+ 1100,583 1036,381 910,351+ 3159»k09 551,801 319,806 582,151 1+59,137 21+85,869 Redemption fund for F. R* notes 759,705 59*638 111,1+21 60,190 72,1+60 62,1+51 1*5,713 125,027 1*3,178 20,205 35,393 26,351* 97,675 Total gold certificate reserves 17,873,270 801,51+1; 5,03l+, 565 903,211+ 1173,01+3 1098,832 956,067 3281+, 1+36 59!+,979 31*0,011 617,51*1* 1+85,1+91 2583,514* Other cash 231,066 22,1+71; 1+2,291+ 17,168 18,582 Ili, 837 20,273 28,500 9,835 7,121 12,650 8,606 28,726 Discounts and advances 507,882 22,539 203,001 5,898 53,891+ ll,6ol+ 22,560 78,5hh 28,609 7,776 26,385 560 1+6,512 Industrial loans 2,331 118 — 1,792 — 65 ------- ll+l --- --- 15 — 200 U# S# Govt, securities: B ills 12,887,21+1 737,61+1 3, 161*, 505 836,173 1132,853 735,911 61+7,1+28 2131,51+1+ 521*,91*1 333,357 579,81+9 1+1+9,276 1613,763 Certificates 7,291,661 1+91,278 1,786,080 51+2,519 700,630 1*1+ 7,789 1+07,085 951,172 375,220 195,01+8 365,596 323,550 705,691+ Notes 1,920,150 129,370 1+70,337 11+2,865 181+, 502 117,918 107,200 250,1+76 98,807 51 »>61+ 96,271* 85,203 185,831* Bonds 977,392 65,852 239,1+10 72,721 93,915 ' 60,022- 5U, 567 127,1+97 50,295 26,11+5 1*9,005 1*3,370 9l*»593 Total U# S. Government 9 securities 23,076,1+1+1+ II+2I+, ll+l 5,660,332 159^,278 2111,900 1361,61+0 1216,280 31*60,689 101+9,263 605,911* 1090,721+ 901,399 2599,881+ Total loans and securities 23,586,657 11*1+6,798 5,863,333 1601,968 2165,79k 1373,309 1238,81+0 3539,371+ 1077,872 613,690 1117,121+ 901,959 261+6,596 Due from foreign banks 110 7 1/ l+o. 10 10 5. 1+ Ik . 3 3 3 3 8 n#tes of other banks .106,891 l*,7l*l* 1?, 508 l+,3li9 6,736 11,665 8,636 12,125 '8,801 6,l*o6 6,590 i+,197 20,131* Uncollected items 1,737,707 11^,289 305,039 115,776 156,890 150,658 126,291+ 279,1*23 83,132 50,005 10l+,27l+ 73,707 178,220 Bank premises 33,718 1,563 8,711 3,337 1+.007 2,783 1,575 3,HS 2,069 1,21+3 2,603 831+ 1,875 Other assets ■ 61,1+00 It, 103 13,682 U,092 5,979 3,653 3,620 8,839 3,567 1,611+ 2,91+0 2,828 6,1+83 TOTAL ASSETS 1+3,630,819 2395,522 11,280,172 261+9,911+ 3531,01+1 2655,71*2 2355,309 7155,829 1780,2581020,093 1863,728 11+77,625 51+65,586 1/ After deducting $70,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis