H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR THE PhSSS Released for publication Board of Governors Friday morning, July 17; of the Federal Reserve System not earlier* July 16, I9I4.2 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 15 member bank reserve balances decreased $20i|,000,000. Reductions in member bank reserves arose from increases of $398,000,000 in Treasury deposits with Federal Reserve Banks, $13,000,000 in money in circulation, and $11,000,000 in Treasury cash, offset in part by increases of $158,000,000 in Reserve Bank credit, $14,000,000 in Treasury"currency, and $2,000,000 in gold stock-, and a decrease of $53*000,000 in nonmember deposits and other Federal Reserve accounts* Excess reserves of member banks on July 15 were estimated to be approximately $2,070,000,000, a decrease of $250,000,000 for the week. The principal change in holdings of bills and securities was an increase of $129,000,000 in United States Government securities, certificates; increased $76,000,000, bills $1*5,000,000, notes $7,000,000, and bonds $1,000,000. Changes in member bank reserve balances and related items during the week and the year ended July 15, 19i*2, were-as follows* Increase or decrease since July 15, July 8, July 16, I9ii2 19U2 191*1 (in millions of dollars) Bills discounted • ii + 1 + 2 U. S. Government direct obligations 3,033 +129 • 851* U. S. Government guaranteed obligations 5 -- — Industrial advances (not,, including 17 million commitments > July 15) 11 — • 1 Other Reserve Bank credit 17k + 28 • 76 Total Reserve Bank.credit 3,227 . +158 + 933 Gold; stock + 2. + 87- Treasury currency 3,319 + U" • 162 Member bank reserve balances • 12,0k2 -201* -1,181 Money in circulation. 12,502 13 +2,857 Treasury cash 2,201 + 11 - 108 Treasury deposits -.vith F K. Banks 9U6 +393 • 97. f Nonmember deposits and'other P. R. accounts 1,597 - .53 - 1*31* 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 BRINKS ON JULY 15, I9I+2 (In thousands of dollars) L I A B I L IT I BS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual circulation 9,507.771 713,191 2,360,501 678,687 910,31+8 522,14.52 366,809 1,962,190 371,287 235,017 313,81+5 165,390 905,051+ Deposits: uiember bank-reserve acct. 12, Ol+l, ?02 563,909 1+,987,853 666,291 867,901+ 1+66,781+ 361+, 695 1,332,766 357,256 182,151+ 383,592 322,261 1,026,237 U.S.Treasurer-general acct. 9it5,965 85,8ltit 183,lt03 71,175 99,297 73,971+ 68,313. 79,308 1+5,599 1+9,222 14+,21*7 30,612 lll+,97l Foreign 870,61+5 22,101 1+67,635 63,581 60,931 29,11a 23,180 80,800 19,869 lit, 571 19,207 19,207 50,1+22 Other i+30,868 11,600 272,063 9,026 62,509 7,101 2,925 It, 60l 13,851 9,870 2,825 l,8lt8 32,61t9 Total deposits lit, 289,180 703,1+51+ 5,910,951+ 810,073 1,090,61tl 577,000 1+59,113 1,997,1*75 1+36,575 255,817 1+1+9,871 373,928 l,22l+,279 Deferred availability items 1,167,690 108,633 263,876 83,l3it llt5,82l 91,229 lt5,287 183,515 57,^99 25,231* 51,231+ l+0,it55 71,573 Other liabilities including accrued dividends 2,68it 520 533 lltO 236 275 155 258 81 81+ 180 13i* 83 T0T.iL LIABILITIES 21+,967,325 1,. 525,798 8,535,861+ 1,572,031+ 2,iit7,0l*6 1,190,956 871,364 it,llt3,l*38 368,61+2 516,152 815,130 579,907 2,200,991* C A P I T AL A C C 0 U N T S Capital paid in lit5,o6i+ 9,1*1*0 53,1*68 11,786 lit,823 5,827 5.115 15,962 i+,it93 3,062 l+,677 lt,lt33 11,963 .Surplus (Section 7) 157,502 10,91*9 56,651 15,171 llt,3lt6 5,236 5,725 22,925 it, 966 3,152 3,613 3,976 10,792 Surplus -(Section . 13b). 26,781 2,871* 7,070 ' 1*,393 1,007 3,21tlt 713 1,1+29 530 1,000 1,137 1,263 2,121 Other capital accounts 1*8,723 2,51*9 13,658 3,22lt 1+, 771+ 2,016 2,lt02 8,531 l,9l*2 2,603 2,olS 1,91*6 3,030 TCTAL LIABILITIES .IND C..PITAL ACCOUNTS 25,31+5,395 1,551,610 8,666,711 1,606,608 2,182,001 1,207,279 865,319 li, 192,285 830,573 525,969 826,605 591,530 2,223,905 Commitments to .make industrial advances 17,105 756 ltlt2 1,518 6itl 1,2*76' 723 2,100 2,197 — 3,32lt — 3,928 F. R. notes outstanding 9,988,398 751,626 2,lt76,l2l 705,611 91+6,095 561,1+32 396,331+ 2,012,577 lt0lt,727 2lt0,77l 325,857 183,660 982,787 Collateral for F.R.notes held by F.R..Agentss • Gold certificates 10,119,500 760,000 2,it95,ooo 715,000 950,000 575,ooo ia5,ooo 2,020,000 1*20,000 21*1,000 330,000 189,500 1,009,000 Eligible paper l,8lt2 250 880000 337700 —— 5500 — ~ 31*5 27 — MATURITY DISTRIBUTION OF BILLS AND 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 y©ars Bills discounted H7I+21 2,696 5 6F I7OH5 — —' • Industrial advances 10,80i+ 15,613 909 153 158 916 783 1,1+03 91+1+ U.S.Government securities, direct and guaranteed 3,037,551 63,587 1+6,759 128,591 290,952 152,701 223,810 277,175 370,700 I,lt83,l96 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

form f. R. 283-a Released for publication Friday morning, July 17*191*2; not earlier• STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since ' July 15, July 8, July 16, 19 1*2 19U2 I9kl a S S E T S Gold certificates on hand and due from U# Treasury 20,51*9*627 - 999 • 242,095 Redemption fund - F R. notes 11*, 232 215 • 2,046 # Other cash 270,162 • 9,255 - 13,120 Total reserves 20,83l*,021 • 8,471 • 231,021 Bills discounted} Secured by U* S« Gov»t obligations, direct and guaranteed 2,860 • 1,100 • 1,930 Other bills discounted 1,561 tm 3 • 195 Total bills discounted I*, 1*21 • 1,097 • 2,125 Industrial advances 10,881* • 286 1,077 U. S. Government securities, direct and guaranteed! Bonds 1,61*0,296 • 1,476 • 276,496 Notes 721*, 1*75 • 7,200 tm 95,825 Certificates 178,231 75,979 • 178,231 Bills 1*91**51*9 44,222 • 494,549 Total U S# Government securities, # direct and guaranteed 3*037,551 •128,877 853,451 Total bills and securities 3,052,856 •130,260 856,653 Due from foreign banks 1*7 -- F. R. notes of -other banks 31,536 2,194 l,4o6 Uncollected items 1,31*1,708 •236,747 • 221,201 Bank premises 1*0,1*1*6 - 1 • 2 Other assets l*i*, 781 1,296 1,115 TOTAL ASSETS 25,31*5,395 •378,967 •1,309,168 L I A B I L I T I ES F. R, notes in actual circulation 9.507*771 •27,849 •2,733*693 Depositsj Member bank «• reserve acoount 12,01*1,702 -204,666 -11, 181,330 U. S^ Treasurer - general account 91*5*965 •398,182 96,593 Foreign 870,61*5 - 1,582 - 314,471 Other 1*30,868 - 50,288 m 176,331 Total deposits' 11*, 289* 180 •141,646 -1,575,539 Deferred availability items 1*167,690 •209,096 * 144,924 Other liabilities including accrued dividends 2,681* * 244 569 TOTAL LIABILITIES 21*,967*325 ..•37B,a35 •1,303,61*7 C A P I T AL A C C 0 U N T S • Capital paid in 11*5* 06k • 77 4,267 Surplus (Section 7) 157,502 — + 437 Surplus (Section IJb) 26,781 — - 4 Other capital accounts 1*8,723 * 55 • 821 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 25*3^5*395 •378,967 •1,309,168 Ratio of total reserves to deposit • and F. R. note liabilities combined _ 87. % fS/o - 3.S* Commitments to make industrial advances 17,105 - 60h* • 5,155 •July 8 figures revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FORM.F. R. 2Q3-B STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 15, 19^2 A S S E TS :(In thousands of dollars) Total Boston N®w York . Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans^Cy. Dallas San Fran. G-old certificates on hand and due . * from u. S. Treasury 20,51*9,62-M, 159,353 7,1*26,208 1,265,303 1,691,173 896,673 671,955 3,537,705 61*2,200 1*03,322 623,009 l*ll*,971 1,811*,255 Redemption fund -F.R.notes li*,232 2,701*." 1,255 976 876 1,769 686 951 721 157 . 309 '. 71*1 '3,087 other cash 270,162 23,56l*"_ 65,1*29 13,763 21,281+ 11,890 16,1*78 45,135 13,198 6,56!* 12,265 13,647 26,945 Total reserves 20,834,021 1,185,621 7,1*92,892 1,280,51*2 1,716,333 910,332 689,119 3,583,791 656,119 1*10,01*3 635,533 '1*29,359 1,844.287 Bills discounteds Secured by U. S^ Gov't obligations, direct and guaranteed 2,860 250 785 370 — 50 1,000 — 31*5 — -- 10 50 Other bills discounted 1,561 — 652 11*1* 158 66 52 183 1*5 33 71 1*3 111* Total bills discounted 1*,1*21 250 1,1*37 511* 158 116 1,052 183 390 33 71 53 161* Industrial advances 10,881* 1,168 1,016 5,367 293 767 1,107 318 8 1*70 56 208 -76 U. S. Government securities, direct and guaranteed Bonds 1,61*0,2-76 116,291 1*51*, 627 120,01*0 151,611 100,831* 71,138 212,996 82,1*98 1*3,227 71,606 63,51a 151,911* ITotes 721*, 1*75 51,363 200,796 53,021 66,960. 1*1*. 537 31,1*21 91*, 073 36,1*39 19,091 31,626 28,051 67,097 Certificates 178,231 12,636 1*9,399 13,01*3 16,1*71*' 10,956 '7,730 23,11*1* 3,961* . 4,697 7,730 6,901 16,507 Bills i*9l*,5l*9 31*, 730 135,776 35,950 1*5,279 30,111* 21,21*5 63,612 28,620 12,910 21,385 19,558 1*5,370 j. Total U. S. Gov* t securities, * • * : . ; • • direct and; guaranteed 3,037,551 215,020 81*0,598 222,051* '280,321* 186,10*1 131.53I* 393,825 156,521 • 79,925 132,397.. 118^021* §80,888 Total bills and securities 33,,005522,,885566 216,1*38 ' 81*3,bsi 227,935 " 280/775 187,321* 133,623 39l*» 326 156,919 80,1*28 132,521*^118,285 281,128 Lue from foreign banks 1*7 3 '"18 .*' 5 4' 2 2 0 1 * • 1- 1 4 F. R. notes of other banks 536 1,017 3,861 1,890 ii5H 2,573 3,703 3,851* 2,633 2,613 3,165 1,1.33 3,583 Uncollected items 1,341,708 11*2,771 30U,305 88,201 171*,1*05 101,133 51*,919 201,905 60,71*2 30,357 50,565 39,91*3 92,!*& Bank premises 1*0,1*1*6. ?,750 .10,397 M 02 . 4,382 3,066 1,957 2,972 2,132 1,321* 2,837 1,098 2,729 Other assets l*i*, 731 3,oio 12,157 3,233 • 4,59^ 1>926 5,1*31 ' 2,027' 1,201* 1,930 1,7U 4,712 TOT.1L ASSETS 25,31*5,395 1,551,610 8,666,711 1,606,6(38 2.^182,001 1,207,279 385, 319 4,192,28 5 830,5.73 :.525,969 826,605 591,530 2,228,905 •Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis