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FEDERAL RESERVE BANK
OF NEW YORK
r Circular No. 2 6 1 0 "1
L
April 15, 1943
J

COMPUTATION
FEDERAL

OF

RESERVE

RESERVE

TO

BANK

BE
BY

CARRIED
MEMBER

WITH

THE

BANKS

To all Member Banks in the
Second Federal Reserve District:

In our circular No. 2608, dated April 13, 1943, we advised you of the approval on that
date of an Act of Congress which provides in effect that until six months after the cessation
of hostilities in the present war, banks and trust companies qualified as special depositaries of
public moneys will not be required to pay the Federal Deposit Insurance assessment on balances
held by them in War Loan Deposit Accounts, or to maintain the reserves required by the Federal
Reserve Act in respect of such balances.
On April 13, 1943, the Board of Governors of the Federal Reserve System amended paragraph (b) of Section 2 of its Regulation D entitled "Reserves of Member Banks" so as to
conform to the new act. A copy of such amendment is enclosed.
Form F. R. 414 of the Board of Governors of the Federal Reserve System, Tvlrich has been
heretofore furnished member banks for the purpose of assisting them in the computation of
reserves to be carried with us, and our Forms R. B. 13 and R. B. 20, entitled "Report of Net
Demand and Time Deposits", for use by member banks in making their semimonthly or weekly
reports to us, have been revised so as to include an additional item entitled " W a r loan
deposits of the United States Government" in order that the amount thereof may be excluded
from "Net demand deposits". In addition, in order to facilitate statistical studies, the revised
forms break down the item of "Gross demand deposits" into two parts, namely, (a) "Demand
deposits of banks", and (b) "Other demand deposits".
Form F. R. 414, as revised, and the schedules referred to therein, are reproduced on the
following pages of this circular. Additional copies of such form and copies of our Form
R. B. 13 or our Form R. B. 20 will be sent you under separate cover.
Weekly reports on revised Form R. B. 20, covering the week ending April 16, 1943, should
be sent us as usual by all member banks located in the City of Buffalo and in the Boroughs
of Manhattan, Brooklyn and The Bronx in New York City, and semimonthly reports, covering
the semimonthly period ending April 15, 1943, should be sent us as usual by all other member
banks in the Second Federal Reserve District. War loan deposits should be excluded from
"Net demand deposits" on and after April 13, 1943, but not before. If you have already sent
us a report on one of the old forms, it will be appreciated if you will send us a new report on
the revised form.




ALLAN SPROUL,

President.

A M E N D M E N T

T O

R E G U L A T I O N

D

ISSUED B Y T H E HOARD OF GOVERNORS OF T I I E F E D E R A L RESERVE S Y S T E M

Effective April 13, 1943
The Board of Governors has amended Regulation D effective
April 13, 1943, by striking out the period at the end of the first
sentence of paragraph (b) of section 2 thereof and inserting the
following: " a n d , until six months after the cessation of hostilities
in the present war as determined by proclamation of the President
or concurrent resolution of the Congress, no deposit payable to the
United States by any member bank arising solely as the result of
subscriptions made by or through such member bank for United
States Government securities issued under authority of the Second
Liberty Bond Act, as amended, shall be included in net demand
deposits or in time deposits which are subject to reserve requirements. ' '




Form Approved
B u d g e t Bureau N o . 55-R159-42

F o r m F. R. 414
( R e v . April 1943)

COMPUTATION OF RESERVE TO BE CARRIED WITH THE
FEDERAL RESERVE BANK BY MEMBER BANKS
( F o r definitions of the terms gross demand deposits, deductions allowed in c o m p u t i n g
reserves, cash items in process of collection, net demand deposits and time deposits,
see Regulation D of the Board of G o v e r n o r s of the Federal Reserve System.)

1. G R O S S D E M A N D D E P O S I T S :
{ a ) D e m a n d deposits of banks 1

$

( C o r r e s p o n d s to items 4 and S in Schedule E of the quarterly condition report)

( b ) Other demand deposits
( C o r r e s p o n d s to items 1, 2 , 3 and 6 in Schedule E of the quarterly condition report)

2.

D E D U C T I O N S A L L O W E D IN C O M P U T I N G

RESERVES:

( a ) Cash items in process of collection, except to the extent included in
item 2-b (including checks with Federal Reserve Banks in process of
collection and checks on hand which will be presented for payment or
forwarded f o r collection on the f o l l o w i n g business d a y )
( C o r r e s p o n d s to item 1 in Schedule D of the quarterly condition r e p o r t )

( b ) Balances subject to immediate withdrawal due f r o m other banks
(including cash items forwarded to a correspondent bank for collection and credit and charged to " D u e f r o m banks", but excluding
balances due f r o m Federal Reserve Banks, f r o m foreign banks or
branches thereof, from foreign branches of domestic banks, or from
private banks) 1
.

s

( C o r r e s p o n d s to item 2 in Schedule D o f the quarterly condition r e p o r t )

( c ) W a r loan deposits of United States Government 2
3.

N E T D E M A N D D E P O S I T S (item 1 minus item 2)

4.

TIME DEPOSITS
( S e e Schedule F of the quarterly condition report f o r items constituting time deposits)

5.

RESERVE

REQUIRED3:

( a ) O n net demand deposits (item 3 a b o v e ) :
Banks in central reserve cities,
Banks in reserve cities,
Banks located elsewhere,

per c e n t ;

per c e n t ;
per cent

( b ) On time deposits (item 4 a b o v e ) :
(c)
1

2

3

per cent

T o t a l reserve to be maintained with Federal Reserve Bank

R e c i p r o c a l interbank demand deposits with banks in the United States, except private banks and A m e r i c a n branches of foreign
banks, must b e reported net.
D e p o s i t s payable t o the United States representing p r o c e e d s of sales o f W a r Savings B o n d s , Series E, in banks qualified as
issuing agents under T r e a s u r y Department Circular N o . 657, dated April 15, 1941, should be included in this item.
F o r current required reserve percentages, see latest supplement to Regulation D .




(The schedules referred to above are set forth on the reverse side)

SCHEDULE

D—CASH, BALANCES

WITH

OTHER BANKS, INCLUDING RESERVE

A N D C A S H ITEMS IN PROCESS OF

BALANCE,

COLLECTION

1. Cash items in process of collection, including exchanges for clearing house
2. Demand balances with banks in the United States (except private banks and American branches of
foreign banks) (excludes $

reciprocal balances)

3. T O T A L of items 1 and 2
4. Other balances with banks in the United States (including private banks and American branches of
foreign banks)
5. Balances with banks in foreign countries (including balances with foreign branches of other
banks)

American

6. Currency and coin
7. Reserve with Federal Reserve Bank
8. T O T A L of items 3 to 7 (must agree with item 6 of " A s s e t s " )
SCHEDULE E—DEMAND

DEPOSITS

1. Deposits of individuals, partnerships, and corporations (must agree with item 13 of "Liabilities")
2. Deposits of United States Government
3. Deposits of States and political subdivisions
4. Deposits of banks in the United States (including private banks and American branches of foreign banks)
(excludes $

reciprocal balances)

5. Deposits of banks in foreign countries (including balances of foreign branches of other American banks)
6. Certified and cashier's checks (including dividend checks), letters of credit and travelers' checks sold
for cash, and amounts due to Federal Reserve Bank (transit account) (must agree with item 18 of "Liabilities")
7. T O T A L D E M A N D

DEPOSITS.
SCHEDULE

F—TIME

DEPOSITS

1. Deposits of individuals, partnerships, and corporations (must agree with item 14 of "Liabilities")
2.

Deposits of United States Government $

Postal savings deposits $

3. Deposits of States and political subdivisions
4. Deposits of banks in the United States (including private banks and American branches of foreign banks)
5. Deposits of banks in foreign countries (including balances of foreign branches of other American banks)
6. T O T A L T I M E D E P O S I T S




DOLLARS

CTS.

Form Approved
B u d g e t Bureau N o . S5-R159-42

Board of Governors of the
Federal Reserve System
F o r m K. R. 414
( R e v . April 1943)

COMPUTATION OF RESERVE TO BE CARRIED WITH THE
FEDERAL RESERVE BANK BY MEMBER BANKS
( F o r definitions of the terms gross demand deposits, deductions allowed in c o m p u t i n g
reserves, cash items in process of collection, net demand deposits and time deposits,
see Regulation D of the Board of G o v e r n o r s of the Federal Reserve System.)

1. G R O S S D E M A N D D E P O S I T S :
( a ) D e m a n d deposits of banks 1

$

( C o r r e s p o n d s to items 4 and 5 in Schedule E of the quarterly condition report)

( b ) Other demand deposits
( C o r r e s p o n d s to items 1, 2, 3 and 6 in Schedule E of the quarterly condition report)

2.

D E D U C T I O N S A L L O W E D IN C O M P U T I N G

RESERVES:

( a ) Cash items in process of collection, except to the extent included in
item 2-b (including checks with Federal Reserve Banks in process of
collection and checks on hand which will be presented for payment or
forwarded for collection on the following business d a y )
( C o r r e s p o n d s to item 1 in Schedule D o f the quarterly condition r e p o r t )

( b ) Balances subject to immediate withdrawal due f r o m other banks
(including cash items forwarded to a correspondent bank for collection and credit and charged to " D u e from banks", but excluding
balances due f r o m Federal Reserve Banks, f r o m foreign banks or
branches thereof, from foreign branches of domestic banks, or from
private banks) 1
( C o r r e s p o n d s to item 2 in Schedule D of the quarterly condition r e p o r t )

( c ) W a r loan deposits of United States Government 2
3.

N E T D E M A N D D E P O S I T S (item 1 minus item 2)

4.

TIME DEPOSITS
( S e e Schedule F of the quarterly condition report f o r items constituting time deposits)

5.

RESERVE

REQUIRED3:

( a ) O n net demand deposits (item 3 a b o v e ) :
Banks in central reserve cities,
Banks in reserve cities,
Banks located elsewhere,

per c e n t ;

per c e n t ;
per cent

( b ) O n time deposits (item 4 a b o v e ) :
(c)
1

2

3

per cent

T o t a l reserve to be maintained with Federal Reserve Bank

R e c i p r o c a l interbank d e m a n d deposits with banks in the United States, except private banks and A m e r i c a n branches of foreign
banks, must be reported net.
Deposits payable to the United States representing p r o c e e d s of sales of W a r Savings B o n d s , Series E, in banks qualified as
issuing agents under T r e a s u r y Department Circular N o . 657, dated April 15, 1941, should be included in this item.
F o r current required reserve percentages, see latest supplement to Regulation D .
(The schedules referred to above are set forth on the reverse side)

Federal Reserve Bank
of N e w Y o r k
R . B . 15.8—150M—4-43




SCHEDULE

D—CASH, BALANCES

WITH

OTHER BANKS, INCLUDING RESERVE

A N D C A S H ITEMS IN PROCESS OF

BALANCE,

DOLLARS

CTS.

COLLECTION

1. Cash items in process of collection, including exchanges for clearing house

1

2. Demand balances with banks in the United States (except private banks and American branches of
foreign banks) (excludes $

2

reciprocal balances)

3. T O T A L of items 1 and 2

3

4. Other balances with banks in the United States (including private banks and American branches of
4

5. Balances with banks in foreign countries (including balances with foreign branches of other
banks)

American

6. Currency and coin

5
6

7. Reserve with Federal Reserve Bank

7

8. T O T A L of items 3 to 7 (must agree with item 6 of " A s s e t s " )
SCHEDULE E—DEMAND

8
DEPOSITS

1. Deposits of individuals, partnerships, and corporations (must agree with item 13 of "Liabilities")

1

2. Deposits of United States Government

2

3. Deposits of States and political subdivisions

3

4. Deposits of banks in the United States (including private banks and American branches of foreign banks)
(excludes $

reciprocal balances)

4

5. Deposits of banks in foreign countries (including balances of foreign branches of other American banks)

5

6. Certified and cashier's checks (including dividend checks), letters of credit and travelers' checks sold
for cash, and amounts due to Federal Reserve Bank (transit account) (must agree with item 18 of "Liabilities")

6

7

7

TOTAL DEMAND DEPOSITS
SCHEDULE F—TIME

DEPOSITS

1. Deposits of individuals, partnerships, and corporations (must agree with item 14 of "Liabilities")

1

2.

Deposits of United States Government $

2

3.

Deposits of States and political subdivisions

, Postal savings deposits $

3

4. Deposits of banks in the United States (including private banks and American branches of foreign banks)

4

5. Deposits of banks in foreign countries (including balances of foreign branches of other American banks)

5

6

6

TOTAL TIME DEPOSITS




FORM R. B. 13
REPORT OF N E T D E M A N D A N D T I M E
To

ACCOUNTING

DEPOSITS

For Half Month

DEPARTMENT

FEDERAL RESERVE B A N K OF N E W

Ending.

.194.

YORK

The amounts of net demand deposits and time deposits reported for each business day are to be based on the deposit balances shown by the books of the
member bank at the opening of business the same day. The amounts reported for a Sunday or a holiday are to be based on the deposit balances at the close of
the preceding business day. The amounts so reported for a Sunday or a holiday should be repeated for the following business day.
1.

DATE

thou't

hun't

mill't

thou't

hun't

Time Deposits
till't

thou't

29

5

mill't

28

4

hun't

27

.3

thou't

26

2

mill't

25

1

hun't

24

0

thou't

23

9

mill't

22

8

hun't

21

7

thou't

Net Demand Deposits
(Item 1(c) minus
item 2)

20

6

mill't

RESERVES

(c) W a r Loan
Deposits of
United States
Government*

19

S

hun't

(a) Cash Items
In Process
of Collection

IN C O M P U T I N G

(b) Balances Subject to
Immediate Withdrawal Due From
Other Banks

18

4

ihou's

(c) Total of Gross
Demand
Deposits

DEDUCTIONS ALLOWED

17

3

mill't

2.

16

2

DEPOSITS

(b) Other
Demand
Deposits

(a) Demand
Deposits of
Banks
mill't

1

GROSS D E M A N D

30

31

Total

(If gross demand deposits are less than the deductions, net demand deposits on that date should be shown as zero.)
Deposits payable to the United States representing proceeds of sales of War Savings Bonds, Series E, in banks
qualified as issuing agents under Treasury Department Circular No. 657, dated April 15, 1941, should be
included in this item.
_
RESERVE REQUIRED
1 4 % Of $.
6 % of $.

AVERAGE

(Average net demand deposits)
(Average time deposits)

_
. ( Average reserve required to be on deposit
Total | with the Federal -Reserve Bank of New York
- - w;t
I hereby certify that the above statement is correct and in accordance with the books of this bank and that the figures shown above under ret demand
deposits and time deposits respectively have been computed in accordance with the form prescribed by the Board of Governors of the Federal Reserve System
for that purpose.
This report to be filed before
the 5th and 20th of each month


R. B. 1 3 . 1 0 — 2 S M — 4 : 4 3


Tide

Official signature
Name of bank

City or Town

State

FORM R. B. 13
R E P O R T O F N E T D E M A N D A N D T I M E DEPOSITS
To

BUFFALO

For Half Month

BRANCH

FEDERAL RESERVE B A N K OF N E W

Ending.

.194.

YORK

,
The amounts of net demand deposits and time deposits reported for each business day are to be based on the deposit balances shown by the books of the
member bank at the opening of business the same day. The amounts reported for a Sunday or a holiday are to be based on the deposit balances at the close of
the preceding business day. The amounts so reported for a Sunday or a holiday should be repeated for the following business day.
1.
(a)
DATE

1

IN COMPUTING

(b) Balances Subject to
Immediate Withdrawal Due From
Other Banks

(a) Cash Items
In Process
of Collection

RESERVES

(c) W a r Loan
Deposits of
United States
Government*

Net Demand Deposits
(Item 1(c) minus
item 2)

Time Deposits

19

5

(c) Total of Gross
Demand
Deposits

DEDUCTIONS ALLOWED

18

4

(b) Other
Demand
Deposits

2.

17

3

Demand
Deposits of
Banks

DEPOSITS

16

2

GROSS D E M A N D

20

6 21
7

22

8

23

9

24

0

25

1

26

2

27

3

28

14

29

S

30

Total

(If gross demand deposits are less than the deductions, net demand deposits on that date should be shown as zero.)
Deposits payable to the United States representing proceeds of sales of War Savings Bonds, Series E, in banks
qualified as issuing agents under Treasury Department Circular No. 657, dated April 15, 1941, should be
included in this item.
RESERVE REQUIRED
1 4 % Of $.
6 % Of $.

AVERAGE

(Average net demand deposits)
(Average time deposits)

_
.(Average reserve required to be on deposit
AOtalf with the Federal Reserve Bank of New York

*
*

I hereby certify that the above statement is correct and in accordance with the books of this bank and that the figures shown above under net demand
deposits and time deposits respectively have been computed in accordance with the form prescribed by the Board of Governors of the Federal Reserve System
for that purpose.
This report to be filed before
the 5th and 20th of each month


R. B. 1 3 . 1 0 — S M — 4 : 4 3


Title

Official signature
Name of bank

City or Town

State

FORM R. B. 13
R E P O R T OF N E T D E M A N D A N D T I M E

To ACCOUNTING DEPARTMENT
FEDERAL RESERVE BANK OF NEW YORK

DEPOSITS

For Week Ending Friday

194

The amounts of net demand deposits and time deposits reported for each business day are to be based on the deposit balances shown by the books of the
member bank at the opening of business the same day. The amounts reported for a Sunday or a holiday are to be based on the deposit balances at the close of
the preceding business day. The amounts so reported for a Sunday or a holiday should be repeated for the following business day
1.

'DAY

GROSS D E M A N D

(a) Demand
Deposits of
Banks
thou't

(b) Other
Demand
Deposits
mill's

ihou't

DEPOSITS

2.

(c) Total of Gross
Demand
Deposits
mill'*

thou's

DEDUCTIONS ALLOWED
(a) Cash Items
In Process
of Collection

mill's

thou't

IN COMPUTING

(b) Balances Subject to
Immediate Withdrawal Due From
Other Banks

hun's

mill't

Ihou't

hun's

RESERVES

(c) W a r Loan
Deposits of
United States
Government*
mill't

Ihou't

hun't

Net Demand Deposits
(Item 1(c) minus
item 2)
mill's

thou's

hurt's

Time Deposits
mill't

thou't

hun's

'Sat.

Sun.

Mon.

Tues.

fed.

Pri.

"otal

f gross demand deposits are less than the deductions, net demand deposits on that date should he shown as zero.}
Deposits payable to the United States representing proceeds of sales of War Savings Bonds, Series E, in banks
qualified as issuing agents under Treasury Department Circular No. 657, dated April 15, 1941, should be
1 included in this item.
2 0 % of $.

AVERAGE

RESERVE REQUIRED
$
(Average net demand deposits)

6 % of $.

(Average time deposits)
, \ Average reserve required to be on deposit
A o t a l ( with the Federal Reserve Bank of New York

rp

4

&

I hereby certify that the above statement is correct and in accordance with the books of this bank and that the figures shown above under net demand
posits and time deposits respectively have been computed in accordance with the form prescribed by the Board of Governors of the Federal Reserve System
r that purpose.
)is report to be filed not later
in Monday of the following week


http://fraser.stlouisfed.org/
B. 2 0 . 1 2 — 5 M — 4 : 4 3
Federal Reserve Bank of St. Louis

Official signature
Name of bank

Title
City or Town

State

FORM R. B. 13
REPORT OF N E T D E M A N D A N D T I M E
To BUFFALO BRANCH
FEDERAL RESERVE BANK OF NEW YORK

DEPOSITS

For Week Ending Friday

194

1
demand deposits and time deposits reported for each business day are to be based on the deposit balances shown by the books of the
iI
n
S
k ^ " P e n m g o f business the same day The amounts reported for a Sunday or a holiday are to be based on the deposit balances at the close of
I the preceding business day. The amounts so reported for a Sunday or a holiday should be repeated for the following business day
1.

.'DAY

(a)

GROSS D E M A N D

Demand
Deposits of
Banks

Dili's I

thou't

(b) Other
Demand
Deposits
mill' t

thou't

DEPOSITS

2.

(c) Total of Gross
Demand
Deposits
mill't

thou't

DEDUCTIONS ALLOWED
(a) Cash Items
In Process
of Collection

mill's

thou't

hun't

IN COMPUTING

(b) Balances Subject to
Immediate Withdrawal Due From
Other Banks
mill't

thou't

hun't

RESERVES

(c) W a r Loan
Deposits of
United States
Government*
mill't

thou't

Net Demand Deposits
(Item 1(c) minus
item 2)

hun't

mill't

thou't

hun't

Time Deposits
mill't

thou't

hun't

'Sat.

Sun.

Mon.

Tues.

Wed.

Thurs.

Fri.
Total

/ gross demand deposits are less than the deductions, net demand deposits on that date should he shown as zero.)
Deposits payable to the United States representing proceeds of sales of War Savings Bonds, Series E, in banks
qualified as issuing agents under Treasury Department Circular No. 657, dated April 15, 1941, should be
included in this item.

AVERAGE

RESERVE REQUIRED
2 0 % of $.
6 % of $.
~

(Average net demand deposits)
(Average time deposits)

, ( Average reserve required to be on deposit
( with the Federal Reserve Bank of New York

I hereby certify that the above statement is correct and in accordance with the books of this bank and that the figures shown above under net demand
L-posits and time deposits respectively have been computed in accordance with the form prescribed by the Board of Governors of the Federal Reserve System
)r that purpose.

I

bis report to be filed not later
an Monday of the following week


http://fraser.stlouisfed.org/
B. 2 0 . 1 2 — 1 M — 4 : 4 3
Federal Reserve Bank of St. Louis

Official signature
Name of bank

Tide
City or Town

State


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102