H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283-c STATEMENT FOR THE. PRESS Released for publication Board of Governors Friday morning, Mar. 6; of the Federal Reserve System not earlier. March 5> 19u2 CONDITION OF THE FEDERAL RbSERVE BANKS curing the week ended March 1; member bank reserve balances increased $3l!j, 000,000, Additions to member bank reserves arose from decreases of $511,000,000 in Treasury deposits with Federal Reserve Banks and $9,000,000 in Treasury cash, and increases of £10,000,000 in Reserve Bank credit and $3,000,000 in Treasury currency, offset in part by a decrease of $10,000,000 in^gold stock and increases of $96,000,000 in money in circulation and $1114,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on March I4. were estimated to oe approximately $3,210,000,000, an increase of $350,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended March 19U2, were as follows: Increase or decrease s inc e Mar. u, Fsb. 25, Mar. 5# 19^2 , 19^2 I9JUI (In millions of dollars) Bills discounted 6 +2 + k U. S. Government direct obligations 2,250 — + 79 U. S. Government guaranteed obligations Ij. — 1 Industrial advances (not including II4. million comirdtments - March i<) 9 + 1 +1 Other Reserve Bank credit 125 + 8 + 32 Total Reserve Bank credit 2,i|02 +10 + I65 Gold stock 22,705 - 10 + 1+66 Treasury currency 3*269 + 3 + :ienbor ban& reserve balances 12,635 +31^- -1,301 lionjy in circulation 11,513 + 96 +2,713 Treasury cash 2,180 - 9 - 12 Treasury deposits with 3?. R.Banks - 267 -511 - 10k N^nm-mbvjr deposits and'other F. R. accounts 1,556 +III4. - U9& Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. K. 283-a Released for publication Friday morning, March 6, 191+2; not earlier, STATJMhiNT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decre otS 6 since Mar. I4, Feb. 25, kar. 1942 I9k2 191*1 A S S E TS Gold certificates on hand and due from U, S. Treasury 20,501,912 605 1471,606 Redemption fund - F. k. notes 13,0014 135 + 2,760 Other cash 320,918 - 12,383 + 1,129 Total reserves 20,835,83*4 - 13,123 1+75,555 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 5,165 + 1,8514 -f 3,512 Other bills discounted 5^8 + 28 + 7 Total bills discounted 5,763 + 1,882 3,519 Industrial advances 0,6314 + 135 + 919 U. S. Government securities, direct and guaranteed: Bonds 1,569,986 + 285,386 — Notes 692,500 207,000 — - Total U. S. Government securities, direct and guaranteed 2,262,14.0b 78,386 — Total bills and securities 2,276,883 + 2,017 + 82,8214 Due from foreign banks 1+7 F. K. notes of other banks 25,002 - 1,82U + 3,1+99 Uncollected items 1,052,^6 -119,125 163,798 Bank premises I4 0,069 05 + 773 Other assets 51,11U + 1,516 - 3,12U T O T AL AS S E TS 214,202,055 -130,6014 723,325 L I A B I L I T I ES F. It. notes in actual circulation 8,5814,676 + 78,738 +2,5145,026 Deposits j La.em.ber bank - reserve account 12,8314,750 +313,535 -1 ,301,309 U.S.Treasurer - General account 236,8148 -511,581 - 103,838 Foreign 715,609 + 65,922 - 1+05,2148 Other deposits 55li,517 + 50,175 - 96,728 Total deposits 1U,391,932 - 81,899 -1,907,123 Deferred availability items 927,713 -126,975 + 81,817 Other liabilities including accrued dividends 3,3U0 399 - 20 TOTAL LIABILITIES 23,207,661 -130,535 + 719,700 C A P I T AL A C C O U N TS Capital paid in ll+3,H5 + 30 3,1+36 Surplus (Section 7) 157,502 — + i+37 Surplus (Section 13b) 26,781 — • 1+ Other capital accounts 46,996 99 - 291+ TOTAL LIABILITIES AND CAPITAL ACCOUNTS 214,282,0^5 -130,6014 + 723,325 Ratio of total reserves to deposit and F. R. no-ce liabilities combined 90.7>o • Commitments to make industrial advances 13,5^6 - 1*375 + 7,653 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. k. 283~b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BitNKS OH MARCH 1*. 191*2 (In thousands of dollars) A S S E TS Total Boston Nov,- York Phila. Clcvc, Rich. Atlanta. Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and duo from U. S. Treasury 20,501,912 1,180,214.0 8,020,228 1,10^,391 1,61*6,795 806,207 589.U78 3,511,657 61*6,1*1*3 370,398 550,190 1*01,321* 1,611*,561 Redemption fund - F. R. notes 13,00lj. 3,706 1,3142 282 1,000 1,5140 . 6l6 1.U97 1497 326 627 hl9 1,092 Other c^sh 320,918 28,102 614,103 26,11*2 25,820 19,617 19,680 57,230 <^0,081 5,896 13,1*15 10,399 30,1433 Total reserves 20,835,8314. l,212,0i|G 8,085,673 1,190,815 1,673,615 827,3614 609,771* 3,570,381* 667,021 376,620 561*,232 1*12,202 1,61*6,086 Bills discounted; Secured by U. S. Gov't obligations, direct arid guaranteed 5*^65 395 3,767 737 106 — 75 20 140 25 Other bills discounted 598 — 100 78 111 — — — 35 187 87 — Total bills discounted 5,763 395 3,867 815 217 — 75 — 35 207 127 25 Industrial advances S,63i|. 767 1,097 4,012 215 753 • 1*81 363 5 506 77 238 120 u* S. Government securities, direct and guaranteed; Bonds 1,569,936 115,515 Ii33,522 121*,012 155,286 93,795 66,778 190,9314 7li,lli6 1*7,409 71,809 61,171 135,609 Liotus 692,500 50,951 191,220 514,700 o8,l*95 1*1,372 29,1+55 81*, 218 32,705 20,912 31,675 26,981 59,-316 Total U. 3. Gov't securities, direct and guaranteed 2,262,lido 106,1*66 621*, 71J.2 178,712 223,731 135,167 90,233 275,152 106,851 60,321 103,1*81* 63,152 195,1425 Total bills and securities 2,276,883 167,628 629,706 183,539 221*, 213 135,920 96,789 275,515 106,856 68,862 103,768 88,517 195,570 Due from foreign b^nks 1+7 3 10 5 14 2 2 • 6 l * 1 1 1* F. R. notes of other banks 25,062 736 2,1429 1,1*50 1,717 2,388 3,1+148 3,l4l43 2,093 607 2,095 9314 3,722 Uncollected items 1,052,^1|6 93,052 223, -1487 68,81*8 132,027 80,178 1*3,317 178,317 149,573 2]*,805 1*2,216 149,938 66,638 Bank premises ^.0,669 2,768 10,1*70 14,81*5 1*,1*20 3,01*1* 1,92*1 2,960 2,11*6 1,333 2,361 1,126 2,755 Other assets 3,550 13,933 1*,073 5,1*97 3,210 2,075 5,81*7 2,261* 1,571 2,21*1* 1,957 14,838 T O T AL A S S E TS 2i* ,232.055 1,1479,735 8,965,771 1,1:53 j 575 2,0^1,1^93 1,052,106 757,3U6 It,036,472 829,95a 1473,798 717.1+17 55k. 725 1,919,613 •Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-c STaT^I^IT CF CONDITION OF THE FKDS&AL RESERVE BANKS ON IvLiKCH 4, I9k2 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Clave Rich. Atlanta Chicago St.Louis Minn. Kans.Cy* Dallas San Fran. # F. k* notes in actual circulation 8,561; ,676 696,237 2,191,605 605,167 816,533 444,249 299,250 1,796,862 337,^87 2id,626 278,760 142*471 757*021 Deposits• iviember bank-reserve acct. 12,834,758 602*017 5>703,317 631,497 959,939 458,614 360,187 1,-912,768 386,058 181,808 344,6bl 311,369 982,323 U.S.Treasurer-General acct. 266 8I4.8 25,335 36,010 30,865 23,290 23,162 17,265 41,771 15,752 15,324 20,328 19,198 18,548 f Foreign 715#809 25,779 285,156 67,594 64,778 30,981 24,644 85,901 21,123 15,490 20,419 20,419 53,525 Other deposits 554,517 18,437 433,410 15,399 25,242 4,254 3,272 2,812 11,817 9,814 1,592 3,437 25,031 Total deposits 1U,391,932 071,566 6.1+57.<393 745,355 1,073,21,9 517,011 1+05,368 2,01+5,252 434,750 222,1+36 387,000 354,623 1,079,427 Deferred availability items 927,713 85,915 186,627 68,382 116,67k 74,350 38,796 11+7,1+61+ 1+5,360 22,881+ l+o,lod 1+5,948 55,2J7 Other liabilities including accrued dividends 3,340 I+09 751 21+6 31*9 331 198 1+00 97 129 105 144 181 T0T.LL LIABILITIES 23,907,001 i,l+5l+,i29 8,836,876 1,1+19,150 2,006,805 1,035,91+1 743,612 3,987.978 818,094 i+61+,075 705,979 51+3,186 1,891,836 C A P I IU A C C O U N TS C-pital paid in 11+3,115 9,401 52,230 11,81+4 14,765 5,746 4,931 15,767 4,455 3,039 4,647 4,402 n,saa Surplus (Section 7) 157,502 10,949 56,651 15,171 14,346 5,236 5,725 22,925 4,966 3,152 3,613 3.976 10,792 Surplus (Section 13b) 26,731 2,874 7.070 4,393 1,007 3,244 713 1,429 530 1,000 1,137 1,263 2,121 Other capital accounts 46,996 2,432 12,944 3,017 4,570 1,939 2,365 8,373 1.909 2,532 2,041 1,898 c.,976 TOTAL LIABILITIES jiHD CAPITAL ACCOUNTS 24,282,055 1,479.785 8,965,771 1,453.575 2,041,493 1,052,106 757,346 4,036,472 829,954 473,798 717,417 554,725 1,919.613 Commitments to make industrial advances 13,546 130 431 2,189 1,031 i,44o 1,614 1,934 1,120 23 1,500 — 2,134 MATURITY DISTRIBUTION OF BILLS ,JJD SECURITIES Within 16 to 31 to 6l to 91 days to 6 months 1 Year 2 Years to Over Total 15 days 30 days 60 days 90 days 6 months to 1 Year to 2 Ye^rs 5 Ye.urs 5 Years Bills discounted 5.763 5,337 10 196 74 128 18 Industrial advances 8,634 2,199 373 387 953 1,029 946 1,569 1,178 U. S. Government securities, direct and guaranteed 2,262,486 97,000 21+7,200 477,ooo 1,441,286 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-c FEDERAL RESERVE NOTE ST^TELEHT OK MARCH b, 19^2 (in tnousands of dollars) Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes? issued to F'.R. Bank by F.R.Agent 8,-970,109 Jli},lbb 2,26b,305 627,531 8U9#277 ^73,353 313,564 1,61*0,016 355,897 223,356 280,U26 155,991 829,251 Hold by Federal Reserve Bank 3d'5,h33 21,90? 92,098 22,36b 52,7bb 5b,o0h 19,31 U b5Abb 18,010 5,230 9,658 13,520 72,230 In actual circulation 8,581,676 696,237 2,131,605 605,167 816,533 bbb,2b9 299,250 1,796,862 337,867 218,626 ^78,708 Iu2,a7i 757,021 )llateral held by a^ent as security for notes issued to bank: Gold certificates on hand and due from U# S. Treasury 9,107,000 7i|.0,000 2,30^,000 6^0,000 850,^00 500,003 325,00j 1,36O,0O0 370,000 227,000 290,030 161,003 SUuJOO Eligible paper 5,261| 395 3,367 765 " -- -- " -- 36 201 Total collateral 9,112,26b 7^0,395 2,303,857 0)40,765 850,OoQ 5o0,000 00J l,8oo,000 370,o00 227,036 290,201 lol, 000 oi44,0w0 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis