H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form P« R. 283 STATEMENT FOR THE PR4SS Released for publication Boa^rd qf Governors Friday morning, May 29;' of the Federal Reserve System not earlier. May 28, 191*2 CONDITION OF TEE FEDERAL RESERVE BANKS During the week ended May 27 member bank reserve balances decreased $19,000,000. Reductions in member bank reserves arose from increases of $83,000,000 in money in circulation, $9,000,000 in Trea-sury cash and $3,000,000 in nonmember deposits and other Federal Reserve^accounts, offset in part by a decrease of $65,000,000 in Treasurv deposits with Federal Reserve Banks and increases of $6 ,000,000 in Reserve Bank credit and $3,000,000 each in gold stock and Treasury currency. Excess -reserves of member banks on iaay 27 were estimated to be approximately $2,5140,000,000, a decrease of $30,000,000 for the -week. The principal change in holdings of bills and securities was an increase of $l*i*,000,000 in United States Government securities, bonds increased $3,000,000, notes $3,000,000, certificates £11,000,000, and bills $27,00u,000. Changes in member bank reserve balances and related items during the week and the year ended May 27, 191*2, were as follows % Increase or decrease since Iway 27, May 20, May 28, 1942 191*2 I9hl ; (In millions of dollars) Bills discounted 6 + 1 + + U. S. Government direct obligations 2,1*82 + 1*1 303 U. S. Governnent guaranteed obligations 7 + 3 +' 2 Industrial advances (not including li* million commitments - LCay 2J) 11 + 3 + Other Reserve .Bank credit 78 - 39 1+3 Total Reserve Bank crwdit 2,5BU + 6 + 353 Gold stock 22j7X2 • 3 • 139 Treasury currency 3,302 * 169 Member bank reserve balances 12,1*67 - 19 -1,282 Monoy in circulation 11,971 + 83 +2,677 • 9 Treasury cash 2,197 - 21* Treasury deposits with F. R. Banks .239 - 65 - 223 Nonmember „deposits and other F. R. accounts 1,723 + 3 - 1*89 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

*'ormF . R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 3, 1942 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans^Cy. Dallas San Fran. F. R. notes in actual circulation 8,989,923 685,465 2,284,864 641,063 863,574 226,098 292,289 151,247 807,952 Depositsj member bank-reserve acct.12,467,394 605,236 5,391,158 683,837 921,237 191,595 380,163 308,179 1,012,228 U.S.Treasurer-general acct. 238,943 12,404 46,427 29,733 6,224 12,056 .8,649 33,203 13,375 14,904 22,089 13,838 21,041 Foreign 947,570 21,599 500,243 71,062 68,101 32,570 25,908 90/308 22,207 16,285 21,467 21,467 56,353 Other ' 482,816 11,560 336,172 7,848 57,293 7,595 5,006 3,587 12,216 7,596 • 4,819 2,446 26,678 Total deposits 14,136,723 650,799 6,274,000 792,480 1,052,855 516,221 379,700 1,912,798 436,722 230,380 428,538 345,930 1,116,300 Deferred availability items 917,103 86,157 202,008 65,428 129,748 79*344 35,127 144,955 41,293 18,472 35,595 32,349 ' 46,627 Other liabilities including accrued dividends 5,917 677 1,639 544 591 438 291 655 183 154 182 244 319 TOTAL LIABILITIES 24,049,666 1,423,098 8,762,511 1,499,515 2,046,768 1,074,931 751.212 3,929,085 829,870 1*75,104 756,604 529,770 1,971,198 C A P I T AL A C Co UN I S Capital paid in lW,680 9,427 53,446 11,812 14,795 5,815 4,959 15,866 4,479 3,058 4,664 4,428 n,93l Surplus (Section 7) 157,502 10,949 56,651 15,171 14,346 5,236 5,725 22,925 4,966 3,152 3,61'3 3,976 10,792 Surplus (Section 13b) 26,781 2,874 7,070 4,393 1,007 3,244 713 1,429' 530 1,000 1,137 1,263 2,,121 Other capital aocounts 48,098 2,524 13,324 3,160 4,702 2,009 2,392 8,445 • 1,935 2,580 2,091 1,942 2,994 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,426,727 1,448,872 8,693,002 1,534,051 2,081,618 1,091,235 765,001 3,977,750 841,780 484,894 7^6,109 541,379 1,999,036 Commitments to make industrial advances 14,378 1,156 459 893 1,518 1,910 719 2,034 2,258 — 291 ~~ 3,140 F.R.notes outstanding 9,414,138 '709,260 2,396,669 661,100 895,536 521,360 365,119 1,911.365 373,058 231,292 302,104 166,499 880,776 Collateral for F.R.notes held by F. R. Agentsj Gold certificates 9,568,000 740,000 2,410,000 665,000 900,000 550,000 370,000 1,940,000 39Q,000 233,000 305,000 171,000 894,000 Eligible paper 5,238 650 3,551 775 - - - - 175 35 52 - MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 61 to 91 days to 6 months I to 2 2 t(j> 5 Over Total 15 days 30 days 60 days 90 days 6 months to 1 year years ye^rs 5 years Bills discounted 6,046 5,084 W 115- 559 '3 Industrial advances 10,789 5,635 171 719 635 660 1,444 1,077 U.- S. Government securities, 448 direct and guaranteed 2,488,666 30 63,821 45,102 108,550 70,100 320,975 367,100 1,481,232 31,756 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form*F. R. 283-a Released- for publication Friday morning, May 2cj, 19i|2j not oarlier, STATEMENT OF CONDITION OF 'THE TTiELVE FEDERAL RESERVE BAHKS COMBINED (In thousands of dollars) Increase or decrease since May 27, Kay 20, IAwy 28, 19142 19U2 1941 A. S S E T S Gold certificates on hand and duo from U. treasury 20,506,631 - 1,778 189^899 Redemption fund - F. R. notes 16,090 ' 388 + 6,511 Other cash 289,528 - 9,2kb 10,065 Total reserves 20,812,210= - 10,1314 186,375 Bills discounted: Secured by U.S.Gov't obligations, direct and guaranteed 5,08*4 119 1,651 Other bills discounted' 962 * 679 21+0 Total bills discounted . 6,0146 .793 1,891 Industrial advances 1100,,778899 + 77 2,626 U. S. Government securities, direct and guaranteed: Bonds 1,609,932 3,030 * 21+6,132 Notes 695.675 3,175 • 12k, 625 Certificates 26,650 11,000 * . 26,650 Bills 156,1409 + 26,650 + 156,1+09 Total U.S. Government securities, direct and guaranteed 2,1488,666 143,355 + 30l+, 566 Total bills and securities 2,505,501 1414,730 * 309,083 Due from foreign banks 1*7 — — F. R. notes of other bunks 23,720 - 2,235 - 1,716 Uncollected items 995,299 -136,3140 * 166,61+5 Bank premises II0,514.5 - 18 ' 526 Other assets 1*9.366 950 2,1+53 TOTAL ASSETS 24,^26,727 L03,2l47 * 658,^60 L I A B I L I T I ES R. notes in actual circulation 3,939,923 + 73,636 •2,529,913 Deposits: Member bank - reserve account 1^,1467, 39ii - 18,620 -1,281,1485 U. 5. Treasurer general -..ccount 233,9.143 - 65,06^ - 222,731 Foreign 9ii7,570 2,3214 - 292,1+76 other U82,816 6,059 - 203,1+76 Total deposits lit, 136,723 - 79,9149 •2 ,000,168 Deferred availability items 917,103 - 97,1460 123,222 Oth^r liabilities including accrued dividends 5,917 * 3514 305 TOTilL LIABILITIES 2I4/0U9,666 -103,1419 653,272 CA P I T AL A C C O U N TS Capital paid in lUi,680 6 l+,396 Surplus (b^ction 7) 157,502 * 1+37 Surplus (Section 13^) •26,7Ql — • 1+ Other capital accounts 1*8,098 166 * 359 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 214,1426,727 L03,2l47 * 658,1+60 Ratio of total reserves to deposit and F.R. note liabilities combined 90.0^O - Commitments to make industrial advances 11;,378 •F 660 * 2,036 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d STATEKBHT OF 'CONDITION OF THE FEDERAL RESERVE BANKS ON. MAY 27, 1942 (In thousands of dollars) A S S E TS Total Boston New.York Phila. Cleve. Rich. .A tlanta Chicago St.Louis Minn. Kcais.Cy. D alias. iS an Fruxu Gold certificates on hand and due • from U. S. Treasury 20,506,-631 1,128,687 7,872,072 1,238,360 1,647,411 832,552 592,442 3,468,660 660,531 379,908 606,293 394,002 1,^5,705 Redemption fund - F.R.notes ' 16,090 3-, 079 1,803 475 1,317 1,555 1,000 1,559 288 220. 443 339 4,012 Other cash 289,528 24,733 71,613 15,219 23,297 13,902 19,368 48,688 14,220 6,266 11,112 11,721 29,389 Total reserves 20,812,249 1,156,499 7,945,488 1,254,054 1,672,025 848,009 612,810 3,518,915 675,039 386,394 617,848 406,062 1,719,106 Bills discounted! Secured by U. S. Gov't obligations, direct and guaranteed 5,084 650 3,351 775 25 — — 23 175 35 15 2200 1155 // Other bills discounted 9 -- 700 • -- 29 — —— -- —• 37 190 6 Total bills discounted 6,046 650 4,051 775 54 — — 23 175 35 52 210 21 Industrial advances 10,789 1,375 1,068 5,283 196 647 977 324 8 543 61 211 96 U. b. Government securities, direct and guaranteed: Bonds 1,609,932 120,323 440,241 127,761 163,698 96,606 69,211 198,870 76,162 48,346 6688,,001100 62,277 113388,,442277 Notes <£5,675 51,993 .190,235 55,207 70,736 41,744 29,907 85,933 32,911 20>891 29,389 £6,913 59,816 Certificates 26,650 1,992 7,287 2,115 2,710 1,599 1,146 3,292 1,261 800 1,126 1,031 2,291 Bills 156,409 11,690 42,771 12,412 15,904 9,385 6,724- 19,321 7,399 4,697 6,607 6,0.50 13,449 Total U. S. Gov't securities, direct and guaranteed 2,488,666 185,998 680,534 197,495 253,048 149,334 106,988 307,416 117,733 74,734 105,132 96,271 213,983 T«?tal bills and securities 2,505*501 188,023 685,653 203,553 253,298 149,981 107,965. 307,763 117,916 75,312 105,245 96,692 214,100 Due from foreign banks 47 3 18 5 4 2 6 i * 1 1 4 F.R.notes of other banks 23,720 752 2,586 1,349 1,228 3,849 2,454 3,197 2,370 525 1,416 555 3,439 Uncollected items -995,299 97,366 235,332 66,306 145,220 83,188 37,804 139,197 42,215 19,838 38,764 35,086 54,983 Bank premises 40,545 2,754 10,434 4,813 4,392 3,082 1,961 2,946 2,137 1,329 2,849 I,H3 2,735 Other assets 49,366 3,475 I3;49L 3,971 ' 5,451 3,124 2,005 5,726 2,102 1,496 1,986 1,870 4,669 TOTAL ASSETS 24,426,727 1,448,872 8,893,002 1,534,05.1 2,081,618 1,091,235 765,001 3,977,750 841,780 484,894 768,109 541,379 1,999,036 •Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis