H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. k, 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning,. July 10; of th-a Federal Reserve System not earlier. July 9, 19I& CONDITION OF THE FEDERAL Ri&ERVE BAMS During the week ended July u- member baak reserve balances increased $5lj.,000,000. Additions to member bank reserves arose from an increase'of $196,000,000 in Reserve Bank credit, and a decrease of $5#000,000 in Treasury cash, offset in part by increases of $73 ^000,000,in money in circulation,000,000 in Treasury deposits with Federal,Reserve Banks, and $12,000,000 in nonmember -deposits and other Federal Reserve accounts f Excess reseryes of member banks on July 8 were estimated to be approximately $2,320,000,000, an increase of $60,000,000 for the week* The principal change in holdings of bills and securities was an increase of $l8l,000,000 in United States Government securities, bonds increased $19,000,000, certificates $30,000,000, and bills $132,000,000. Changes in member bank reserve balances and related items curing the week and the year ended July 8, 19l*2, wore as follows: Increase or decrease sinde July 8, July 1, July 9, 19if2 19^2 19hl (In millions of dollars) Bills discounted 3 —• . — U. S.« Government direct, obligations 2,90h t % 181: 725 U. 6. Government guaranteed obligations 5 — — Industrial advances (not including 18 million r commitments - July 3) XI. + 2 Othe^ Reserve Bank credit Ih6 + 15 9k Total Reserve Bank credit 3*062- 196 820 Gold stock 22,7140 + 1 + IOC) Treasury.currency 3,315 * 1 + 163 Member ban*, res'erve balances 1.2,21+6 725 Money in circulation 12 M9 73 + 2,7 9k Treasury cash 2,190 - 5 101 Treasury deposits, with P. R* Banks 5U3 63 1+91 Nonmomber deposits 'and" cither F/ft. accounts 1,650 + 12 - 395 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

j?orm F. R. 2c5$-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 8, 1942 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Clcvs^ Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R. notes- in actual circulation 9,479,922 711,856 2.360,153 674,743 906,813 522,154 367.535 1,952,178 373,375 234,689 312,762 167,157 896,507 Deposits* Member bank-reserve acct.12,246,368 600,665 5.097,794 691,551 871,444 496,722 353,317 1,820,896 353,311 196,033 333,413 329^617 1,045,600 U.S.Treasurer-gonoral acct. 547,783 39,511 207,572 32,223 43,333 24,188 20,479 55,869 33,955 24,600 16,855 25,559 23,139 Foreign 872,227 26,568 464,336 63,642 60,991 29,169 23,203 80,879 19,888 14,585 19,225 19,225 50,516 Other 481 J. 56 14,647 327,403 10,559 54,759 7,241 3,046 2,986 12,795 9,865 3,270 1,879 32,706 Total deposits 14,147,534 681,3916,097,105 797,975 1,031,027 557,320 400,545 1,960,630. 420,449 245,083 427,768 376,280 1,151,961 Deferred availability items 958,594 94**339 192,327 74,350 109,784 32,818 40,251 153 A15 53,139 22,065 43,76o 34,064 58,082 Other liabilities including • accrued dividends 2,440 435 386 l42 244 283 163 303 69 97 105 117 96 TOTAL LIABILITIES 24,583,490 1,433,521 8,649,971' 1,547,210 2,047,868 1,162,575 808,494 4,066,226 847,032 501,934 734,395 577,618 2,106,646 C A P I T AL A C C OU N TS Capital paid in 144,987 9,433 53,447 11,785 14,313 5,323 5,115 15,939 4,489 3,060 4,674 4,436 11,963 Surplus (Soction 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 1,097 3,244 713 1,429 530 1,000 1,137 1,263 2,121 Other capital accounts 48.663 2,544 13.597 3,238 4,766 1,984 2,399 3,513 1,972 2,605 2,087 1,944 3,014 .TOTAL LIABILITIES AND • CAPITAL ACCOUNTS 24,966,428 1,514,326 3,730,736 1,581,797 2,082,805 1,173,862 822,446 4,115,037 853,939 511,751 795,906 589,237 2,134,536 Commitments to make industrial advances 17,689 756 428 1,434 755 1,375 731 2,101 2,287 3,324 3,948 F. R. notes outstanding 9,916,337 746,563 2,467,352 699,438 939,219 556,193 394,680 2,000,154 400,243 239,932 324,049 182,065 965,999 Collateral for F.R. notes held by F.R. Agents: Gold certificates 10,057*500 760,000 2,475,000 715,000 945,000 575,000 415,000 2,020,000 410,000 241,000 325,000 187,500 939,000 Eligible paper 1,752 65 890 350 1"— 75 — 345 27 — MATURITY DISTRIBUTION OF BILLS ME 1 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 1 year years years 5 years BBiillllss ddiissccoouunntteedd 3,324 1,582 120 607 1,015 — — Industrial advances 10,593 5,534 908 101 171 192 675 1,443 974 KiS.Government securities, t direct and guaranteed 2,908,674 74,371 49,754 106,913 230,676 147,865 176,700 287,175 353,500 1,431,720 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fornr F R. 283-a # Released for publication Friday morning, July 10, 19k2; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BARKS COMBINED (In thousands of dollars) Increase or decrease since July 8, July 1, July 9, 191+2 191+1 A S S E T S Gold certificates on hand and' due from U» S, Treasury 20,550,626 1 +21+0,095 Redemption fund R. notes 017 - 1,025 + 3,1+62+ Other cash 260,907 + 1,660 + 8,628 TToottaall rreesseerrvveess 222000,,,333222555,,,555555000 +++ 666333111*** +252", 187 Bills discounted1 Secured by U. Gov't obligations, direct -and guaranteed 1,760 20 110088 Other bills discounted 1,562+ + 1 + 75 Total bills discounted ; 3 , 322* 19 33 Industrial advances 10,593 + 2*3 +- 1,22+6 U* S. Government securities, direct arid guaranteed; Bonds 1,633,820 +19,139 +275,020 Notes 717,275 •>f • -103,025 Certificates 102,252 +29,500 +102,252 Bills 450,327 +131,597 +1+50,327 Total U« 8* Government securities, direct and guaranteed 2,903,674 +•180.^236 +722*,571+ Total bills and securities 2,922,596 +130,265 +725,787 1 J . . J 1 r 1 1 .«. » UI 1 1 f 1. in 1 .ij . Due from foreign banks 1+7 — F* R. notes of other banks 29,3^2 + 3,510 161 Uncollected items 1,102; ,961 -1+0,237 +209,370 Bank premises 2+0,2+1+7 + 22 + . 272 Other assets 1+3,1+35 + 82*7 - 1,798 TOTAL ASSETS 2l, 966,2*23 +l2*2+,991 +1,185,657 ; L I A B I L I T I ES F. R• notes in actual circulation 9,1*79,922 + 70,780 +2,632,798 Deposits: Member bank - reserve account 12,21*6,363 + '52+,815 - 721*, 709 U. S, Treasurer - general account 51+7,733 + 62,2+19 - 1+90,762 Foreign 372,227 - 13,802 - 319,31+3 Other 2+31,156 + 25,755 - 33,325 Total deposits li+, 12*7,531+ +129,187 -1,613,11*2* Deferred availability items 995533,,559911++ -- 5555,,775577 ++ 111155,,223300 Other liabilities including accrued dividends 2,1+1+0 + 562* + 211 TOTAL LIABILITIES 22+ ,533,1*90 . +12+!+,77I* +1,130,095 C A P I T AL A C C O U N TS Capital paid in 12+2+.937 + 103 + l+,l+09 Surplus (Section 7) 157,502 — + 1+37 Surplus (Section 13b) 26,731 -- 1+ Other capital accounts 2*3,663 + 112+ + 720 TOTAL LIABILITIES ,iSD CAPITAL ACCOUNTS 22*,966,2+23 +ll*i+,991 +1,135,657 Ratio of total .reserves to deposit and F, R. note liabilities combined 33vl$ ..33%% 33..11^^ ••••++ Commitments to make industrial advances 17,639 ' + 53 9 + 5,257 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 JULY 8, 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 20,550,626 1,152,931 7*635,276 1,260,765 1,659,657 387,734 620,533 3,520,410 636,723 396,345 605,84O 422,812 1,750,337 Redemption fund—F.R.notes 14,017 2,743 1,427 1,032 922 .1,094" 715 1,016 733 162 317 749 ' 3,107 Other cash 260,907 20,970 62,743 14,460 20,200 13,123 17,310 44.136 13.319 5.940 11.744. 12,215 ?/i«7/I7 Total reserves 20,825,550 1,176,694.7,699,446 1,276,257 1,630,979 901,951 638,563 3,565,562 650,775 402,947 617,909 435,77.6 1,778,691 Bills discounted! Secured by U.S. Gov't obligations, ... direct and guaranteed 1,760 65 875 350 — 75 345 — 50 Other bills discounted 1,564 — . 653 144 . 153 66 53 _ 1G3_ 45 33 71 _ 114. Total bills discounted 3,324 65 1,528 494 158 141 53 133 390 33 71 44 164 Industrial advances 10,598 1,171 1,046 5,385 251 592 1,065 235 8 455 56 203 76 direct and guaranteed: Bonds 1,638,820 116,035 453,420 119,274 150,960 101,312 71,149 213,973 32,744 42,885 71,224 63,473 152,371 Notes 717,275 50,787 198,452 52,202 66,072 44,341 31,141 93,651 36,215 18,769 31,175 27,781 66,689 Certificates 102,252 7,240 23,291 7,442 9,419 6,321 4,439 13,350 5,163 2,676 4,444 Bills 450,327 31,885 124,594 32,775 41,482 27,839 19,551 J*<Lt331 1 Lt7.§4. __.12j»5J2_ 1 7 &2 . .41,869. Total U. S. Gov't securities, direct and guaranteed" 2^908,674 205,947 804,757 211,693 267,933 179,813 126,230 379,771 146,659 76,114 126,415 112,656 270,436 Total bills and securities 2,922,596 207,183 807,331 217,572 268,342 180,546 127,398 380,239 147,257 76,60.2 126,542 112,908 270,676 Due from foreign banks 47 3 18 5 4 2 2 6 . 1. 1 1 4 F.R. notes of other banks : 29,342 692 3,364 1,624 1,847 . 1,927 3,283 '3,887 2,709 1,611- 3,221 988 •4,189 Uncollected items 1,104,961 124,257 • 248,344 73,355 122,702 33,539 49.^435 157,127 54,;i3i' 23,11$ 43,476 36,863 73 Ml Bank premises 40»447 2,750 10,397 4,302 4*335 3,066 1,957 2,972 2,132 1,324 2,337 1,098 2,729 Other assets 43,435 . 2,747 11,336 3,132 4,548 2,831 l,8o3 5,244 i,9<*4 1,152 1,920 ; 1,603 • 4,630 TOTAL *SSfiTS 24,966,428 1,514,326 8,780^736 1,531,797 2,032,305 1,173,862 822,446 4,115,037 858,989' 511,751' 795,906 589,237 2,134,53^ •Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis