H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 'STATEMENT FOR THE, PRESS Released for publication Board of Governors Friday morning, June 12 of the Federal Reserve System s not earlier* June 11, 19^2 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 10 member bank reserve balances decreased $21;,000,000 Reductions in member bank reserves arose from increases of f $35,000,000 in money in circulation and $25,000,000 in Treasury cash, and a decrease of $15,000,000 in Reserve Bank credit, offset in part by increases 'of $2,000,000 in gold stock and $1^,000,000 in Treasury currency, and decreases of $18,000,000 in Treasurydeposits with Federal Reserve Banks and $25,000,000 in nonmember deposits and other Federal Reserve accounts• Excess reserves of member banks on June 10 were estimated to be approximately $2,780,000,000, unchanged for the week. The principal change in holdings of bills and securities was an increase of $36,000,000 in United-States Government securities, bonds decreased $7,000,000, notes increased $17,000,000 ana bills increased $26,000,000% Changes in member bank reserve balances and related items during the week and the year ended June 10, 191*2* were as followsj Increase or decrease since June 10, June.3, June 11, 19U2 I9k2 19U1 (In millions of dollars) Bills discounted 6 + h U. S. Government direct obligations 2,563 + 38 + 381+ U. S. Government guaranteed obligations 5 - 2 Industrial advances (not including llj. million commitments - June 10) 11 4-2 Other Reserve Bank credit ,121^ - 50 + 70 Total Reserve Bank credit 2,708 - 15 + U59 Gold.' stock •22,717 + 2 + 12k Treasury currency 3,310 • h + 172 Member bank reserve balances 12',629 - 2l± - 683 Money in circulation 12,176 + 35 +2,783 Treasury cash 2,213 + 25 - 27 Treasury deposits with F. R« Banks 92 -18 - 8k9 Nonmember deposits and other F. R. accounts 1,626 - 25 - I4.68 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 10, 191(2 (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 9,19^, 716. 700,615 2,307,300 655,1*58 8 78,222 1*96,962 352,561* 1,901*,895 360,203 228,696 299,932 156,827 353,01*2 Deposits} Member bank-reserve acct.12,620,910 597,129 5,352,070 697,1*87 983,988 1*90,821 356,771 1,767,273 397,668 198,966 39l*,l*98 318,1*55 1,073,781* U.S.Treasurer-general acct. 91,658 5,316 11,293 5,091* 9,725 1,251 I*,320 21,080 3,821 6,900 6,676 5,339 10,81*3 Foreign 978,308 21,633 512,378 71*, 168 71,078 33,991+ 27,01*0 9^,255 23,178 16,997 22,1*05 22,1*05 58,777 Other 35U.751 8,253' 229,160 6,951* 1*5,31*5 6,958 2 ,M 2,590 10,565 8,321 3,137 2,1*32 23,692 Total deposits 111,0 53,627 632,331 6,101*, 901 733,703 1,110,136 533,021* 390,1*75 1,885,198 1*35,232 231,181* 1*26,716 318,631 1,172,096 Deferred availability items 905,326 80,352 188,618 61,687 109,833 76,11*6 39,829 136,11*0 1*9,732 20,31*9 39,252 37,937 65,1*51 Other liabilities including accrued dividends 8,671 680 1,717 3,033 619 1*52 281* 702 19l* 161 201 239 389 TOTAL LIABILITIES 21*,i62,3i*o 1,1*13,978 3,602,536 l ,503,881 2,098,310 1,106,581* 783,152 3,926,935 81*5,361 1*80,390 766,101 51*3,631* 2,090,978 C A P I T A. L A C C II H T S. Capital paid in 11*1*, 673 9.1*27 53,1*36 11,791 11*,800 5,316 li, 962 15,386 1*,1*32 3,058 1*, 661* 1*,1*20 11,928 Surplus (Section 7) 157,502 10,91*9 56,651 15,171 11*, 31+6 5,236 5,725 22,925 1*,966 3,152 3,613 3,976 lo,-792 Surplus (Section 13b) 26,731 2,871* 7,070 li. 393 1,007 3,21*1* 713 1,1*29 530 1,000 1,137 1,263 2,121 Other capital accounts 1*8,1*16 2,560 13,1*22 3,201 l*,7l*7 2,017 2,1*11 8,1*65 1,91+6 2,600 2,113 1,91*3 2,991 TOTAL LIABILITIES MD CaPITAL ACCOUNTS 21*,539,717 1,1*39,788 8,733,115 1,538,1*37 2,133,710 1,122,397 796,963 3,975,61*0 857,235 1*90,200 777,623 555,21*1* 2,113,310 Commitments to make industrial advances 13,677 956 1*59 81*0 787 2,162 673 2,071* 2,288 -- 326 -- 3,112 F. R. notes outstanding 9,623,593 727,255 2,1*25,981 6.80,281 9'10,756 532,1*09 375,332 1,91*6,9^5 381,156 235,153 >12, 685 17o, 787 921*.'953 Collateral for F.R.notes held by F.R.Agentsi Gold certificates 9,731,000 71*0,000 2,1*35,000 690,-000 915,000 550,000 380,000 1,960,000 390,000 236,000 320,000 176,000 939,000 Eligible paper 5,131 600 3,1*65 61*5 380 1*1 MATURITY DISTRIBUTION OF BILLS MP SECURITIES within 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 to l year years years 5 years Bills discounted 5,916 k>99h 198 157 563 2 2 Industrial advances 10,537 5,127 7l|l 71*0 115 626 1,1*21* 1,060 701* U. S. Government securities, direct and guaranteed 2,567,51*1* 37,826 . ioo,575 69,778 109,81*6 313,175 390,000 1,1*76,21*1* 70,100 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fornr F R. 283-a # Released for publication Friday morning, July 12, 19k2; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE! B.^NKS COKBINSD (In thousands of dollars) Increase or decrease since June 10, June J, June 11, 19^2 1942 • 191+1 > S S ' E T 3 Gold certificates on hand and due from U. S, Treasury- 20,517,629 + 1,499 203,898 Redemption fund - F. R. notes lb,kk2 - 597 3,497 Other cash 27]4,925 6,832 - 14,085 Total reserves 20,806,996 + V/31i + 193,310 Bills discounted? Secured by U. 3, Gov*t obligations, direct and- guaranteed 4,979 •f 193 33,,662211 Other bills discounted 937 - 153 * 318 Total bills discounted •5,916 + 4o + 3,939 Industrial advances 10,537 - 398 * 1,763 U. S. Government securities, direct and guaranteed$ Bonds 1,602,9^ 6,988 239, ll+It - Notes 712,775 17,100 - 107,525 Certificates 32,092 — 4* 32,092 Bills 219,733 + 25,344 * 219,733 Total U.S* Government securities, f direct and ^u^ranteed 2;567,54b + 35,456 383,444 Total bills and securities 2,583,^97 35,098 + 389,-146 Due from foreign banks 47 —. F. R. notes of other banks 26, b30 * 216 - 395 Unc ollected it ems- 1,028,985 -133,7614 + 139,918 Bank premises bO,517 482 -- Other assets 52,745 3,258 - 1,054 TOT^L ASSETS 214,539,717 87,453 721,^07 - L I A B I L I T I ES F. R notes in actual ciiculation 9,19U,716 60,479 +2,652,5Ul # Deposits• Lumber bank - reserve account 12,628,910 24, 183 633,279 U. S. Treasurer - general account 91,658 18,210 849,315 - - Foreign .978,308 35,753 248,218 - Other : 35U,75i - 60,805 - 227,355 Total deposits lii,053,627 - 67,41*5 I,008,16? Deferred availability items 905,326 - 83,801 + 70,121 Other liabilities including accrued dividends 3,671 + 3,095 + 1,538 TOTAL LIABILITIES 2i|, 162, 5^0 - 87,672 716,033 C A P I T AL ^ C C O J N TS Capital paid in lUii,678 3 + 4,347 Surplus (Section 7) 157,502 — •f 437 Surplus (Section ljb) 26,781 - 4 Other capital accounts i|8, J4.I0 + 211 + 594 TOT.IL LIABILITIES AND CUPITAL ACCOUNTS 24,539,717 - 87,458 721,407 Ratio of total reserves to deposit and F. R. note liabilities combined .1% l.?/o - Commitments t.o make industrial advances .13,677 34 2,048 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form. F. R. 233-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 10, 1942 (In thousands of dollars) A S S E TS ; Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St .Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U." S. Treasury- 20,517,629 1,115,002 7,701,651 1,236,620 1,721,538 866,801* 609,097 5,1*36,566 666,152 577,579 608,536 398,959 1,779,655 Redemption fund - F.R.notes 14,442 2,951 1,22*8 29I* 1,12*0 1,661, 855 1,286 197 191 366 798 5,477 Other cash 271*, 925 22,1*99 69,998 15,626 22,1*65 11,725 17,816 1*5,812 15,22*7 5,703 . 11,1*50 11,989 26,599 Total reserves 20,806,996 1,11*0,1*52 7,772,897 1,252,52*0 l,7l*5»ll4l 880,188 627,766 3,1*83,1*61* 679,596 385,273 620,202 2*11,726 1,809,771 Bills discounted: Secured by U. S. Gov*t obligations, direct and guaranteed 4,979 600 5,21*5 62*5 20 — — 10 380 — . 15 14 50 Other bills discounted 957 — 2*52 4& 75 22 18 76 15 11 1*0 162 58 Total bills discounted 5,916 600 5,677 95 22 18 .86 595 11 55 176 88 Industrial advances 10,537 975 1,052* 5,52*2 21*7 622 1,002 516 3 601* 59 210 96 U. S. Government securities, direct and guaranteed: Bonds 1,602,91*1* 119,352 1*2*2,821 127,373 163,058 95,209 68,2*90 197,369 75,052 47,700 67,223 61,622 157, £90 Motes 712,775 55,075 196,907 56,61*0 72,506 1*2,556 50,2*56 87,762 55,566 21,210 29,894 27,400 61,225 Certificates 52,092 2,389 8,866 2,550 5,265 1,906 1,571 5,951 1,502 955 1,546 1,254 2,757 Bills . 219,735 16,361 60,702 17,14.60 22,352 15,051 9,589 27,056 10,285 6,539 9,216 8,447 13,375 Total U. S. Gov't securities, direct and guaranteed 2,567,5W* 191,175 709,296 201*, 023 261,181 152,502 109,706 316,138 120,185 76,1*01* 107,681* 93,705 220,547 Total bills and securities 2,585,997 192,750 7H,027 210,058 261,523 155,11*6 110,726 •316,52*2.120,588 77,019 107,798 99,039 220,731 I- Due from foreign banks 1*7 5 13 5 4- 2 2 6 1 * l l 4 F. R. notes of other banks 26,1*50 659 5,255 1,61*9 2,170 2,52*0 5,507 ' 5,580 2,2*25 1,039 1,925 •902 2,951 Uncollected items 1,028,985 99,776 218,872* 62,881 111*, 882 80,938 50,960 163,259 50,359 25,952 42,774 40,564 77,736 Bank premises 4o, 517 2,751+ 10,2*15 2*, 815 4,592 5,082 1,961 2,956 2,135 1,326 2,345 1,105 2,735 Other assets 52,72*5 5,2*12* • 15,61*9 6,2*91 5,598 5,201 2,02*1 5,855 2,181 1,52*1 2,087 1,857 4,832 2 TOT.iL JISSETS 21*,539,717 1,459,783 6,753,115 1,553,457 2,153,710 1,122,897 796,963 3,975,61*0 857,285 1*90,200 777,£23 555V44 2,118,810 ••Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis