H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 2d3 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, June 5; of the Federal Reserve System not earlier. June 19^2 CONDITION OF TEE FEDERAL RESERVE BANKS During the week ended June 3 member bank reserve balances increased $18o,00G>000« .Additions to member bank reserves, arose from increases of $139,000,000 in Reserve Bank credit, $3,000,000 in gold stock, and $1^000,000 in Treasury currency, and decreases of $129,000,000 in Treasury deposits with Federal Reserve Banks, $9,000,J00 in Treasury cash, and $72,000,000 in nonmember deposits and othor Federal Reserve accounts, offset in part by an increase of $170,000,000 in money in circulation. Excess reserves qf member banks on June 3 wore estimated to be approximately $2,780,000,000, an increase of $21^0,000,000 for the week* . The principal change in holdings of bills and securities was an increase of $1*3,000,000 in United otates Government securities, bills increased $38,000,000 and certificates $5,000,000* Changes in member bank reserve balances and related items during the week and the year ended June 3, I9I4.2, were as follows * Increase or decrease since June 3, May 27, June 191+2 19u2 I9I+I (In millions of dollars) Bills discounted 0/ — + 4 U. S. Government' direct obligations 2,525 + 43 + 346 U. S, Government guaranteed obligations 7 — + 2 Industrial advances (not including llj million commitments - June 3) ii — + 2 Other Reserve Bank credit 174 + 96 + 129 Total Reserve Bank credit 2,723 +139 + 403 Gold stock 22,715 + 3 ;+ 136 Treasury currency 3,306 + 4 + 170 Member bank reserve balances 12,653 • +106 540 Money in circulation 12,141 +170 +2,, 747 Treasury cash 2,10G - 9 41 Treasury deposits with F. R. Banks 110 -129 - 883 Nonmember deposits and other F. R. accounts 1,651 - 72 - 486 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form P. R. 283-d 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 9*134,237 697,566 2,314,705 650,477 871,325 491,445 348,420 1,894,913 359,177 228,010 299,046 156,829 822,324 Depositsj Member bank-reserve acct. 12,653,093 624,834 5,447,154 675,719 985,067 467,470 358,407 1,756,109 399,429 200,786 381,304 317,419 1,039,395 U.S.Treasurer-general acct. 109,868 1,393 32,540 3,429 422 1,777 302 42.150 4,094 5,516 3,361 1,647 13,237 Foreign 942,555 25,105 494,900 70,474 67,538 32,455 25,816 .89,561 22,023 16,150 21,289 21,391 55,853 Other 415,567 12,100 278,284 8,145 42,827 9,864 3,407 5,402 11,733 8,012 4,677 3,202 27,914 Total deposits 14,121,083 663,432 6,252,878 757,767 1,095,854 511,566 387,932 1,893,222 437,279 230,464 410,631 343,659 1,136,399 inferred availability items 989,127 88,784 206,489 68,452 123,109 90,592 39,752 162,411 55,725 • 21,143 41,206 38,736 52,728 Other liabilities including accrued dividends 5,575 694 1,554 411 540 413 264 601 176 157 200 215 350 TOTAL LIABILITIES 24,250,022 1,450,476 8,775,626 1,477,107 2,090,828 1,094,016 776,368 3,951,147 852,357 479,774 751,083 539,439 £,011,801 C A P I T AL A C C O U N TS Capital paid in 144,675 9,427 53,434 U,804 14,796 5,816 4,959 15,882 4,479 3,058 4,664 4,428 11,928 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) 26,781 2,874 7,070 4,393 1,007 3,244 713 1,429 530 1,000 1,137 1,263 2,121 Othor capital accounts 48,205 . 2,545 13,359 3,181 4,727 .1,994 2,404. 8,445 1,942 2,596 2,087 1,934 2,991 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,627,185 1,476,271 8,906,140 1,511,656 2,125,704 1,110,306 790,169 3,999,828 864,274 489,580 762,584 551,040 2,039,633 Commitments to make industrial advances 13,643 1,056 459 885 873 1,915 699 2,034 2,258 — 327 — 3,137 F.R.notes outstanding 9,509,992 717,355 2,413,689 671,715 902,431 526,627 366,861 1,932,363 378,211 232,256 307,202 169,299 891,983 Collateral for F.R.notes held by F.R.AgentSf Gold certificates 9,626,000 740,000 2,420,000 690,000 905,000 550,000 370,000 1,940,000 390,000 233,000 310,000 174,000 904,000 Eligible paper 8,476 650 2,966 595 705 60 3,500 ATURITY DISTRIBUTION OF BILLS AND SECURITIES Mthin 16 to 31 to 61 to , 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months — t o 1 y j e ar years years 5 years Bills discounted 138 8 5,876 4,911 284 —w Industrial advances 217 10,935 5,512 752 665 1,458 1,064 0. S. Government securities, 600 667 direct and guaranteed 2,532,088 11,520 28,236 85,705 70,100 320,975 365,100 1,481,232 128,292 40,928 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d Released for publication Friday morning, June 5, 19^2; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since June 3, May 27, June k$ W 1942 I9I4.I A S S E TS Gold certificates on hand and due from U. S» Treasury 20,516,130 • 9,1*99 f 201,400 Redemption fund - F. R, notes 15,039 - 1,051 . 5,095 Other cash 268,093 - 21,1*35 - 8,532 Total reserves- 20,799,262 - 12,987 + 197,963 Bills discounted: Secured by U. S. Gov»t obligations, direct and guaranteed ii, 786 298 3,51*1* Other bills discounted 1,090 + 128 1+16 Total bills discounted 5,876 170 3,960 Industrial advances 10,935 • 11+6 2,199 U« S. Government securities, direct and guaranteedt Bonds 1,609,932 — + 224466,,113322 Notes 695,675 — - 12l+,625 Certificates 32,092 • 5,41*2 32,092 3ills • 194,339 + 37,980 • 191*, 389 Total U. S. Government, securities, direct and guaranteed 2,532,008 * 1*3,422 31*7,938 Total bills and securities 2,51*8,399 + 43,398 + 354,147 Due from foreign banks 47 -- — F. R. notes of other banks 26,211+ + 2,1+94 1,660 Uncollected items 1,162,71*9 +167,450 200,567 Bank premises 1*0,517 28 549 Other assets 1*9,1*97 + 131 - - 2,205 TOTAL ASSETS ' 24,627,185 +200,453 832,601 L I A B I L I T I ES F. R. notes in actual circulation 9,131*, 237 +141*, 314 •2,6oo,oit3 Deposits: Liember bank - reserve account 1122,,665533,,009933 +135,699 - 554433,,440011 U. 8. Treasurer - general account .109,368 -129,075 - 383,201+ Foreign 542,555 - 5,015 - 301,106 Other 415,567 - 67,249 - 192,556 Total deposits 14,121,£63 - 15,640 -1,925,267 Deferred availability items 939,127 + 7£,024 152,346 Other liabilities including accrued dividends 5,575 31*2 263 TOTAL LL'iBILITIES 24,250,022 +200,356 * 327,335 C A P I T AL A C C O U N T S' Capital paid in 141*, 675 5 1*,361* Surplus (Section 7) 157,502 -- 437 Surplus (Section 13b) 26,731 - 4 Other capital accounts 43,205 + 107 •f 419 TOTAi, LIABILITIES AND CAPITAL ACCOUNTS 24,627,185 •200,1458 032,601 Ratio of total reserves to deposit and F* R. noto liabilities combined 89. 4f° 1.3% • Coronitments to make industrial advances 13,61*3 735 1,371 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

*'orm F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 3, 1942 (In thousands of dollars) ii. S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. K^ms.Cy. Dallas San Fran. Gold certificates on hand and due \ from U. S. Treasury 20,516,130 1,139,030 7,851,564 1,208,582 1,688,250 844,418 610,752 3,440,366 661,505 378,509 591,568 39l*,l87 1,707,399 Redemption fund - F.R.notes 15,039 3,008 1,528 371 1,224 1,090 902 1,405 239 205 415 821 3,831 Other cash 268,093 22,49k 69,384 14,311 24,055 10,056 14,841 46,243 11,959 5,641 10,772 11,866 26,471 Total reserves 20,799,262 1,164,532 7,922,476 1,223,264 1,713,529 855,564 626,495 3,1*88,014 673,703 384,355 602,755 406,874 1,737,701 Bills discountedi Secured by U. S. Gov't obligations. direct and guaranteed 4,786 650 2,716 595 25 — -- -- 705 60 15 20 — Other bills discounted 1,090 — 463 48 75 22 18 61 110 11 1*5 199 38 Total bills discounted 5,876 650 3,179 643 100 22 18 61 815 71 60 219 38 Industrial advances 10,935 1,1*75 1,068 5,316 221199 647 966 324 8 546 59 211 96 U. S. Government securities, direct and guaranteed: Bonds 1,609,932 120,072 442,759 127,854 163,738 96,057 68,976 198,511 75,713 48,102 67,738 62,061 138,351 Notes 695,675 51,885 191,323 55,248 70,753 41,508 29,305 85,781 32,718 20,785 29,270 26,817 59,782 Certificates 32,092 2,393 8,826 2,549 3,264 1,915 1,375 .3.957 1,509 959 1,350 1,237 2,758 Bills 19^,389 14,498 ; 53,460 15,438 19,770 11,598 8,328 23,969 9,142 5,808 8,179 7,1*91* 16,705 Total U. S. Gov't securities, • direct and guaranteed 2,532,088 188,848 696,368 201,089 257,525 151,078 108,484 312,218 119.082 75,654 106,537 97,609 217,596 lotal bills and securities 2,548,699 190,973 700,615 207,048 257,844 151,747 109,468 312,603 119,905 76,271 106,656 98*039* 217,730 we from foreign banks • h7 3 18 5 4 2 2 6 1 • 1 1 4 F.R.notes of other banks 26,214 609 4,082 1,387 1,763 3,222 2,524 3,445 2,456 724 1,71*1 665 3,596 Uncollected items 1,162,749 114,005 251*,993 71,302 142,685 93,574 47,669 187,035 63,923 25,393 46,517 42,477 73,176 "B«nk premises 40,517 2,751* 10,415 4,813 1*,392 3,082 1,961 2,956 2,135 1,326 2,843 1,105 2,735 Other assets 49^97 3,395 13,51*1 3,837 5,1*87 3,115 2,050 5,769 2,151 1,511 2,071 1,879 1*,6?1 TOTAL ASSETS 24,627,185 1,476,271 8,906,140 1,511,656 2,125,704 1,110,306 790,169'3.999,828 864,274 489,580 762,584 551,o4o 2,039,633 •Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis