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 26; of the Federal Reserve System not earlier. June 25, I9I4.2 CONDITION OF THE FSDE&JL RESERVE BANKS During the week .ended June 2k member bank reserve balances decreased $183,000,000, Reductions in member bank reserves arose from increases, of $23,000,JOO in money in circulation, $2,000,000in Treasury cash, and $80,000,000 t in nonmomber deposits and oth^r Federal Reserve accounts, and a decrease of $105,000,000 in Reserve" Bank credit, -offset in part by increases of $6,000,000 in gold stock and $2,000,000 in Treasury currency, and a decrease of $21,000,000 in Treasury-deposits .with Federal Reserve Banks* Excess reserves of member banks on Juno 2)4 were estimated to be approximately $2,650,000,000, a decrease of $1140,000,000 for the w^ek. The principal change in holdings of bills and securities was an increase of $1^,000,000 in United States Government securities, bonds increased $6,000,000, notes $1,000,000, and certificates of indebtedness $2,000,000, and bills decreased $5,000,000. Changes in member bank reserve balances and related items during the wt>ek and the year ended June 2k, 19^2, were as follows % Increase or decrease since June 2k, Juno 17,; June 25, 19^2 19J4.2 ; 19^1 (In millions of dollars) 4 Bills discounted 5 — 3 U, S. Government direct obligations 2,573 + k + 399 U. S. Government guaranteed obligations 5 Industrial advances (not including 17 million commitments - June 2k) 11 — +2 Other Reserve Bank credit 99 -110 * 1|5 Total Reserve Bank credit 2,6^8 -105 * Uh9 Gold stock 22,735 + o + 115 Treasury currency 3*313 +2 + 165 Member bank reserve balances 12,523 -183 - U62 Money in circulation 12,231 + 23 7I4I Treasury cash 2,191 + 2 • 0J4 Treasury deposits with F. R. Banks 139 - 21 - 9^2 Nonmomber deposits and other F, R. accounts 1,661 + 80 - '525 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form.JP. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 21*, 19l*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 9,253,669 706,678' 2,316,849 662,918 886,765 501,859 350,084 1,917,649 361,562 230,634 301,552 157,043 860,076 Depositsj Member bank-reserve acct. 12,523,343 630,056 5,292,125 687,981 936,261 468,202 349,379 1,812,837 371,858 194,698 386,845 322,712 1,070,389 U.S.Treasurer-general acct. 138,565 13,761 42,039 4,907 8,581 5,018 3,506 23,251 12,839 10,200 4,686. 3,553 6,21*4 Foreign 965,028 23,847 504,631 72,839 ^9,804 33*384 26,556 92,566 22,762 16,692 22,003 22,003 57,741 Other 393,182 9,918 234,547 8,762 71,152 7,080 3,526 4,716 11,383 12,101 1,761 . 2,1*38 25,798 Total deposits 14,020,133 677,582 6,073,542 774,489 1,085,798 513,684 382,967 1,933,370 1*18,81*2 41'5,295 3567706 1,160,172 Deferred availability items 996,790 97,430 216,311 86,160 121,246 7&,709 38,044 155,718 43,064 20,392 40,212 33,060 66,444 Other liabilities including accrued dividends 6,322 632 1,879 439 626 440 304 743 204 181 212 279 383 TOTAL LIABILITIES 21*,276,919 1,482,322 8,608,531 1,524,006 2,094,435 1,(^4,^2 771,399 4,007,480 823,672 484,898 757,271 -541,088 2,087,075 C A P I T AL A C 0 0 5 I I S Capital paid in 144,743 9*430 53,436 u,79l 14,808 5,819- 4,970 15,918 4,482 3,059 4,666 4,435 11,929 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 Other capital accounts 48,576 2,570 13,514 3,220 4,773 2,032 2,1*15 8,463 . 1,953 2,601 2,096 .1,944 2,995 TOTAL LIABILITIES C.IPITAL ACCOUNTS 24,654,521 1,508,145 8,739.252 1,558,581 2,129,3^ 1,111,023 785,222 u,056,215 835,603 494,710 768,783 552,706 2,ill*,912 Commitments to make industrial advances 16,832 756 455 1,002 779 2,063 668 2,101 2,028 3,324 — 3,656 F. R. notes outstanding 9,701,861 . 732,435 2,1*25,865 684,1.58 920,975 541,474 383,909 1,963,338 380,974 236,851 313,709 172,734 945,439 Collateral for F.R.notes held by F.R. Agents * Gold certificates 9,908,000 740,000 2,435,000 ' 690,000 930,000 550,000 395,000 1,980,000 390,000 21*1,,000 320,000 173,000 959,000 Eligible paper 1, 502 • 365 ~ 655 50 300 30 • ro2 ~ MATURITY DISTRIBUTION OF BILLS iJiD SECURITIES Within 16 to 31 to 61 to 9I days to 6 months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Bills discounted 5,134 3,371 94 107 1,562 Industrial advances 10,596 5,558 460 689 217 534 705 , 1,413 1,020 U.S.Government securities, direct and guaranteed 2,582, 733 74,371 44,187 167,117 64,902 136,700 287,175 353,000 1,455,281 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fornr F R. 283-a # Released for publication Friday morning, July 26, 19k2; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE B.iNKS COMBINED (In thousands of dollars) Increase or decrease since June 21*, June 17, June 25, I9h2 19^2 I9hl A S S E TS Gold certificates on hand and due fr.om U* S. Treasury 20,550,627 - 5,4oo * .236,897 Redemption fund - F. R. notes 16,11*8 + 1,796 6,6ho Other cash 286,21*6 + 11,1480 + 1,105 Total reserves 20,053,021 + 7,876 21*1*, 61*2 Bills discounted! Secured by U. 3. Gov«t obligations, direct and guaranteed 3M 500 22,,002211** Other bills discounted 1,689 • 985 1,097 Total bills discounted 5,l3h + ' 1+85 3,121 Industrial advances 10,596 21 4 1,508 U. S. Government securities, direct and guaranteed% Bonds 1,612,381 + 6,187 21*8,581 Notes 716,775 + 1,000 - 103,525 Certificates 3li,102 + 2,010 * 3h,102 Bills 219,1*75 - 5,008 219,1*75 Total u. S. Government securities, direct and guaranteed 2,582,733 • in 189 •f 398 i 633 Total bills, and securities 2,598,1*63 + 1,653 1*03,262 Due from foreign banks hi — P. R. notes of other banks 25,81*9 - 1,678 - 1,373 Uncollected items 1,095*926 -352,291* 205,650 Bank premises 1*0,1*83 3h * 268 Other assets 10,732 + 1,21*0 2,597 TOTjiL ASSETS ' 2i*, 651*, 521 -31*0,237 849,852 L I A B I L I T I ES F. R. notes in actual circulation 99..225533,,666699 ++ 22;;!!**..,, 9966?? •2 ,620,477 Depositsj Member bank ~ reserve account 12,523,3^3 -183,11*1 - 461,767 U. S. Treasurer- - general account 138 , 585 - 21,13 h - 942,540 Foreign 965,028 * 3,550 - 275,213 Other 393,182 • 77,766 - 257,508 Total deposits li,020,138 -122,957 -1,937,063 4 Deferred availability items 999966,,779900 --2211**22,,11**6611** 116600,,667766 Other liabilities including accrued dividends 6,322 + 51 236 TOTAL LIABILITIES 21*, 276,919 -3U0,Z*01 844,326 : C a ? I T -A L A C C 0 U N T 'S Capital paid in 11*1*, 71*3 + 1*0 + 4,367 Surplus (Section 7) 157,502 — 437 Surplus (Section 13b) 26,781 — - 4 Other capital accounts 1*8,576 • 121* 726 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 21*, 651*, 521 -31*0,237 849,852 Ratio of total reserves to deposit . » and F. R. note liabilities combined 39. (f/o - Commitments to make industrial advances 16,832 + 330 3,760 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F.R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 21*, 191*2 (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 L and due from U. S. Treasury 20,550,627 1,167,659 7,675,776 1,241,016 1,697,956 81*6,826 603,019 3,521,209 61*8,862 381,782 597,671 1+00,783 1,768,068 Redemption fund - F«.R«notes 16,148 2,845 1,81*5 1,173 1,037 1,91+2 787 1,158 768 178 31+1* 773 3,298 Other cash 286,21*6 24,410: 67,958 16,265 22,1*51* 13,527 20,277 1+6,517 11+, 170 5,922 12,858 12,1*31 29,1*57 Total reserves 20,853*021 1,19k,9.1k 7,745,579 1,258,451* 1,721,447 862,295 621*,083 3,568,881* 663,800 387,882 610,873 1+13,987 1,800,823 Bills discounted: Secured by U. S. Gov*t obligations, direct and guaranteed 3*kk5 365 1,901 655 — 50 — — 300 30 80 11+ 50 Other bills discounted 1,689 687 m 158 66 53 183 1+5 33 66 11*0 111+ Total bills discounted 5,13k 365 2,588 799 158 116 53 183 31+5 63 11+6 151+ 161* Industrial advances 10,596 1,170 1,02*6 5,266 238 618 990 309 8 606 59 210 76 U. S* Government securities, direct and guaranteed* Bonds 1,612,581 119,971 1*1*6,265 128,156 161*, 030 95,587 68,816 198,1*12 75.325 1+7,699 67,533 61,912 138,1*75 Notes 716,775 53,331+ 198,386 56,969 72,920 1+2,1*91 30,591 88,201 33,1+85 21,291* 30,022 27,521+ 61,558 Certificates 3k* 102. 2,537 -9,1+39 2,711 3,1+69 2,022 1,1+56 1*»196 • 1-.593 1.013 1,1*28 1,309 2,929 Bills 219,475 16,330 60,71+5 17 M 22,328 13,011 9,367 27,008 10,253 6,520 9.193 8,1+27 18,81*9 Total S Gov't securities, # direct and guaranteed 2,582,735. 192,172 , 711+,835 205,280 2jS2,7i*7 153,111 110,230 317,817 120,656 76,726 108,176 99,172 ,221,811 Total bills and . securities 2,598,1*63 193,707 718,1*69 211,31+5 263,11+3 153,81*5 111,273 318,309 121,009 77,395 108,381 99.536 222,051 Due from foreign banks 47 3 18 5 1+ 2 2 6 1 * 1 1 1+ F. Pw. notes of other banks 25,849 585 2,918 1,71+2 2,036 2,197 2,763 3,51+1 2,515 1,552 1,902 813 3,285 Uncollected items 1,095,926 113,1+91 " 250,763 79.092 133,691 87,035 1*3,1+81 157,81*1 1*1*, 1*20 25,278 1*3,121 35,71+3 81,970 Bank premises 40,1*83 2,751+ 10,1*15 1*,802 l+,383 3,071+ 1,960 2,957 2,135 1,326 2,81*3 1,105 2,729 Other assets 40,732 2,691 11,090 3,H+1 1+.665 2,575 1,660 1+,677 1,723 1,277 1,662 1,521 l+,050 TOTAL ASSETS 21*,65l+,52l 1,508,11*5 8,739,252 1,558/581 2,129,369 1,111,023 785,222 1*,056,215 835,603 l*9l+,7io 768,783 552,706 2,11]*,912 •Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis