H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. k, 283 STATEMENT FOR THE PRESS Released for publication Board of Friday morning, July 3; of the Federal Reserve System not earlier, July 2, I9I4.2 CONDITION OF THE FEDERAL RESERVE BANKS • During the' week ended July 1 member bank reserve balances 'decreased $331,000,000. Reductions in member bank reserves arose from increases of $31.1.6,000,000 in Treasury deposits with Federal Reserve Banks, $135,000,000 in money in circulation, and $1^,000,000 in Treasury ,cash, offset in part by increases of ^175,000,000 in Reserve Bank' creditfy$U,000,000 in gold stock, and a decrease of $23,000,000 in nonmember deposits and other Federal Reserve accounts• Excess reserves of member banks on July 1 were estimated to be approximately $2,260,000,000, a decrease of $390,000,000 for the week* The principal change in holdings of bills and securities was an increase of $114.5 tOGO ,000 in United States'Government securities, bonds increased $7,000,000, certificates $39,000,000, and bills $99#OOOOOO, f Changes in member bank reserve balances and related items during the week and the year ended July 1, l^U'Z were as follows: 9 Increase or decrease since July 1, June 25, July 2, • 1>' ! ;2 19h2 (In millions of dollars) Bills discounted 3 - 2 __ U. t>. Government direct obligations 2,723 +1U5 + 5bk U. S. Government guaranteed obligations 5 — — Industrial advances (not including 1? million commitments - July l) 11 — • + 2' Other Reserve Bank credit 131 + 32 sh ' + Total Reserve Bank credit 2 ,873 +175 + 600 Gold stock 22,739 k + 112 + Treasury currency 3,314 + 1 + 16k Member bank reserve balances 12,192 -331 - 933 Money in circulation 12 ,1+16 +185 +2,712 Treasury cash .2,185 + b - 81. Treasury deposits with :F. R. Banks U85 +346 - 352 Nonmember deposits end other F. R. accounts 1,638 - 23 - kn Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-0 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OK JULY 1, 19i*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 9,1*09,11*2 .702,163 2,356,026 670,1*11 897,095 515,865 366,071 1,937,995 371,024 232,975 309,257 165,503 884,757 Deposits: Lieiriber bank-reserve acct. 12,191,553 573,537 5,209,290 673,81*3 800,275 467,852 356,564 1,779,126 363,142 182,610 382,024 326,770 996,515 U.S.'Treasurer-general acct. 485 ,361+ 35,331 il*o>396 26,91*5 1*7,529 23,497 16,482 79,333 23,409 31,086 18,557 16,866 2s,925 Foreign ' 886,029 23,680 -1*71,070 65,314 62,592 29,936 23.812 83,003 20,411 ll*,968 19,730 19,730 51,783 Other 1*55,1+01- 11*,7-05 317,221* 7,004 45,790 6,62? 3,336 3,406 12,969 10,136 4,o39 1,710 27,355 ;al deposits 14,018,347 647,253 6,137,980 773,m 1,036,186 527,912 400TS94"1,944,873 .419,931 238,800 42E793C3557J75T.7Ior,5Sr- Deferred availability items 1 £14,351 102,693 229,845' 72,629 141,252 83,355 3.7,533 157,436 45,610 20,192 42,065 31,1*68 50,223 Other liabilities including accrued dividends 1,876 389 197 135 165 243 143 208 57 7-5 Hi* 92 53 TOTaL LIABILITIES 24,1,1*3,716 1,452,498 8,724,048 1,516,286 2,074,698 TJl27,380 8o7rTOXo5^562 836,62T492,042 776,3^362713^27336 C A P I T AL A C C O U N TS Capital paid in 144,834 9,1+30 53,1*1*2 11,785 14,810 5,819 5 15,921 4,1*34 3,059 i*,67i 1*,1*36 11,959 Surplus (Section 7) 157,502 10,949 56,651 15,171 ll' 5,236 5 : , 725 22,925 4,966 3,152 3,613 3,976 10,792 Surplus (Section 13*>) 26,781 2,874 7,070 4,393 1 ,007 3,21*1+ 713 1,429 530 1,000 1,157 1,263 2,121 Other capital accounts 48,551* 2,545 13,51*6 3,236 1*,767 1,976 2,396 8,497 1,91*7 2,608 2,093 1,91+2 3,001 TOT^iX LIABILITIES AMD CAPITAL ACCOUNTS 24,821,437 1,478,296 8,354,757 1,550,871 2,109,628 1,143,655 313,343 4,089,33''* 348,51*9 501,861 787,900 573,756 2,064,487 Commitments to make industrial advances 17,100 756 >448 l ,376 685 1,972 665 2,101 2,113 -- 3,321+ — 3,655 F. R. notes outstanding 9,824,376 739,869 2,450,898 695,022 930,267 547,523 391,136 1,932,508 394,287 233,684 317,928 179,202 957,000 Collateral for F.R.notes held by F.R. Agents; Gold certificates 9,951*, 000 750,000 2,465,000 715,000 935,000 575,000 395,000 2,000,000 404,000 241,000 320,000 185,000 969,000 Eligible paper 1,1+72 215 720 I4I.O LOO 27 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 61 to 91 days to o months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months to.1 yoar years years 5 years Bills discounted 3,31*3 1,692 5? 531 1,065 Industrial advances 10,550 5,670 280 .665 249 51*6 7i+2 1,400 993 U. S. Government securities, direct and guaranteed 2,728,438 35,568 61,587 62,233 159,567 159,027 147 .-.200 237,175 1 ,L62,58l Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R, Released for publication Friday morning, July 3,191*2$ not earlier.- STiVTEMSNT OF CONDITION OF THE TlfSLVE FEDERAL RESERVE BANKS COMBINED . (In thousands of dollars) Increase*. or decrease since July 1, June. 2 4, July 2, 191*2 191*2 191*1 A S S E TS Gold certificates on hand and due from U. S. Treasury- 20,550,627 — +238,396 Redemption fund - F. R. not^s 15,01*2 -1,106 + 6,189 Other cash 259,21+7 -26,999 + 18,167 Total reserves 20,82l+,9l6 -28,105 +262,752 Bills discounted* Secured by U. S. Gov't obligations, direct and guaranteed 1,780 - 1,665 + 1+15 uthur bills discounted 1,563 - 126 + 1+20 Total bills discounted 3,51*3 - 1,791 .+ 835 Industrial advances 10,550 - 1+6 + 1,277 U* S. Government securities, direct and guaranteed} Bonds 1,619,681 + 7,300 +255,881 Notes 717,275 + 500 -103,025 Certificates 72,752 +38,650 + 72,752 Bills 318,730 +99,255 +313,730 Total U. S. Government securities, direct and guaranteed 2,728,1+38 +11+5,705 +5l*l+,338 Total bills and securities 2,71*2,331 +11+3,868 +51+6,1+50 Due from foreign banks 1*7 — -- F. R. notss of oth-r bonks 25,332 17 + 2,053 Uncollected items 1,11+5,21+8 +149,322 +166,170 Bank premises 1*0,1*25 - 58 + 263 Other assets 1*2,638 + 1,906 - 2,003 TOT.iL *SSLTS 2l+,821,1+37 +166,916 +975,685 4 L I (i B; 1 L I T I E S F. R. notes in actual circulation 9,1+09,11+2 +155,1+73 +2,621,228 Depositsi Member bank - reserve account 12,191,553 -331,790 -933,823 U. S. Treasurer - general account 1*85,361+ +31+6,779 -351,1+88 Foreign 886,029 - 78,999 -322,196 Other 1+55,1+01 + 62,219 -156,102 Total deposits 11+, 013,31+7 - 1,791 -1,763,609 Deferred availability items 1,01^,351 + 17,561 ++111122 ,,11++1155 Other liabilities including accrued dividends 1,876 - 1+,1+1+6 + 129 TOTAL LIABILITIES 2i+ ,1+145,71.6 +166,797 +970,163 C -i f I I u L A C C O U N TS Capital paid in lljl+,38i+ + , ll+l + i+,1+15 Surplus (Section 7) 157,502 -- + 1+37 Surplus (Section ljb) 26,781 -- 1+ Other capital accounts . 1+8,551+ 22 _.+ 671+ T0T.iL LIABILITIES AND CaFIT^L uCCOUNTS 2l+,821,1+37 +166,916 +•975,685. Ru.tio of total reserves to deposit and F. R, note liabilities combined 88.9'^ .7% - 2.2% Commitments to make industrial advances 17,100 + 268 + 1+,510 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283"b STATEMENT OP CONDITION OF THE FEDERAL RESERVE BANKS -ON JULY I, 191+2 (In thousands of dollars) S S E T S Total Boston How York Phila. Clevs. Rich, Atlanta Chicago St.Louis Minn. ;K ans.Gy. Dallas S an Fran, Gold, certificates on hand and duefrom U."S. Treasury 20,550,62? 1,123,92b 7,743,255 1,244,036 1,668,365 864,005 627,819- 3,511,933 642,294 395,552 600,801 416,451 1,702,192 Redemption fund - F.R.notes 15,042 2,791 ' 1,623 1,104 979 1,559 751 1,0 86 749- 169 : 330 764 3,137 Other cash 259,2ii.7 20,72.1 62,132 14,769 22,977 10,193 17,723 43,450 12,504 6,051 11,690 11,684 25,343 Total reserves 20,824,916 1,152,436 7,812,010 1,259,909 1,692,321 375,757 646,293 3,556,469 655,547 401,772 612,821 423,399 1 ,730,677 Bills discounted! Secured by IX. S. Gov't obligations* direct and 'guaranteed 1,730 215 700 44iioo -- 100 — — 300 — 5 — 50 Other bills*discounted 1,563 — . 657 144 158 66 53 133 45 33 66 44 . 114 Total bills discounted 3,343 215 1,357 554 156 166 53 I83 345 33 71 44, 164 Industrial advances 10,550 1,171 1.046 5,396 223 617 993 309 8 44l 56 209 76 U. S. Government securities, direct and guaranteed* Bonds 1,619,681 446,854 116,827 148,379 101,033 70,439 213,336 82,286 4l ,901 69,391 62,757 151,536 Notes- 717,2*75 50,681 197,889 51,737 65,709 44,742 31>194 94,477 36,440 18,554 30,951 27>793 67,108 Certificates 72,752 . 5,i4o 20,072 5,248 6,665 " 4,533 3,164 . 9,582 3j696' 1,882 3.1:59 2,819 6,807 Bills: . 313,730 22,52c 87,934 22,990 29,199 19,882-• 13,861 41 ,-982 .16,193 8,246 13-, 753 12,350 29,820 Total U. S. Gov*t securities, direct and guaranteed 2,728,^33 192,783 752,749 196,802 249,952 170,195 118,658 359,377 138,615 70,583 117,73^ 105,719 255,271 Total bills and * securities 2,742,331 .194,169 755,152 202,752 250,338 170,978-119,704 359,869 138,968 71,057 117,861 105.972 • 255,511 Due from foreign banks 47 3 18 5 • 4 2 2 6 1 * 1 .1 4 F. R* notes of other banks 25,832 880 2,674 1,568 1,894 1,498 2,650 3,394 2,188 1,905 2,296 717 4,168 Uncollected items 1,145,248 125,313 263,061 78,772 156,192 89,581 45,962 161,422 47,746 24,622 50,232 35,472 66,873 Bank premises 40,425 2,750 •10,397 4,802 4,333 3,066 1,957 2,950 2,132 1,324 2,837 a ,098 2.729 Other assets 42,638 2,745 11,445 3,063 '4,496 2,773 1,770 5,224 1,967 1,131 1,352 '.1,597 4,525 TOLA ASSETS .24,321,437. 1,kid,296 8,8?4,757 1,550,871 2,109,628 1,143,655 818,31+3 1+,089,334 81+8,549 501,861 787,900 573,756 2,064,467 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis