H.4.1 Factors Affecting Reserve Balances of Depository Institutions

For^a F. ft. 203 f STATEMENT FOR THE PRESS Released for publication iioard of Governors Friday morning, July 24; of the Federal Reserve System not earlier. July 23, 1942 . CONDITION OF THE FEDERAL RESERVE} BANKS During the week ended July 22 membar bank reserve balances increased $509,000,000. Additions to member bank reserves arose from a decrease of $643,000,000 in Treasury deposits with Federal Reserve Banks and increases of $3,000,000 in gold, st&ck and $2,000,000 in Treasury currency, offset in part by increases of $45*000,000 in nonmember deposits and other Federal Reserve accounts, $44,000,000 in money in circulation and $22,0Q0,000 in Treasury cash and a : decrease of $31,000,000 in Reserve Bank credit,' Excess reserves of member banks on July 22 were estimated to be approximately $2,300,000,000, an increase of $230,000,000 for the week. The principal change in .holdings of bills and securities was an increase of $9,000,000 in United States Government securities. Certificates increased $17,000,000 and bonds $3,000,000 and bills decreased $11,000,000. Changes in member bank reserve balances and related items during the week and the year ended July 22, 1942, were as follows* Increase or decrease since July 22, July 15, July 23, 1942 1942 1941 (in millions of dollars) Bills discounted 5 + 1 +2 TJ, S. Government direct obligations 3,042 + 9 + 063 U. S. Government guaranteed obligations 5 Industrial advances (not including 17 million commitments - July 22) 11 — • 1 Other Reserve Bank credit 133 - hi + 32 Total Reserve Bank credit 3,196 - 31 + 948 Gold.stock 22,745 * 3 + 81 Treasury currency 3,321 +2 + 160 Member bank reserve balances 12,551 +509 - 566 Uoney in circulation 12,51+6 +2,912 • •44 Treasury cash .2,223 + 22 - 97 Treasury deposits with P. R. Banks 29,3 -61+8 - 656 Uoniaember deposits and other F. R. accounts 1,642 • 45 - 405 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F. R. 283-G STATEMENT OF CONDITIO!! OF THE FEDERAL RESERVE BARKS' ON JULY 22, 19l*2 (In thousands of dollars) L I A B I L I T I ES Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. note's in actual circulation 9»563,231 718,206 2,361*,896 679,567 916,331+ 528,637 365,231* 1,970,990 375,291+ 235,756 317,177 166,775 921*,365 Deposits} Member bank-reserve acct. 12,551,313 615,091 5,232,292 689,835 913,573 1+76,371 370,1*02 1,868,235 368,828 195,383 1*02,629 31*6,933 1,071,736 U.S.Treasurer-general acct. 298,331 23,001* 53,71*5 21*,226 20,81*0 23,892 17,21*3 30,133 27,1*1+3 26,930 11,065 15,230 21*,580 Foreign 886,555 23,91+5 1+73,930 61*,875 62,172 29,735 23,653 82,1*1*6 20,271* ll*.867 19,593 19,59S 51,1+62 Other 1*60,139 ll+,5l+7 315,21*3 9,107 1*9,1+91+ 7,239 2,701 . 3,072 LLI.-LOG 10,392 Loi*9 1,101 29,086 Total deposits ll*, 196,338 676,587 6,075,210 738,01*3 1,01*6,079 537,237 1+13,999 1,983,886 1*30,653 21*7. 572 1+37,3U 382,3o7 1,176,361* Deferred availability items 951,1*16 86,782 197,608 71,017 113,815 75,716 1*2,055 11+6,31+5 1+1+, 395 21,356 •1*7,51+1 35,71*6 63,537 Other liabilities including accrued dividends 3,081* 721 1*89 151 263 296 178 336 77 102 ' £07 157 102 TOTAL LIABILITIES 2l+,711*,06? 1,1+82,296 8,638,203 1,538,778 2,081,1*96 1,11*1,%6 321,1*66 1*, 101,557 350,919 50i*,78 6 802,2^ 535,51+5 2,l61*,868 C A P I T AL A C C O U N TS Capital paid in 11*5.100 9,1*1+0 53,1*65 11,732 11*, 835 5,829 5,130 15,963 1+.1+91+ 3,065 l+,685 1*,1*1*1* 11,963 Surplus (Section 7) 157,502 10,91*9 56,651 15,171 ll+, 31+6 5,236 5,725 22,925 1*,966 3,152 3,613 3,976 10,792 Surplus (Section 13b) 26,781 2,871* 7,070 1*,393 1,007 3,21*1* 713 1,1+29 530 1,000 1,137 1,263 2,121 Other capital accounts 1*9,030 2,568 13,735 3,262 1*,790 2,039 2,1*15 8,51+9 1.930 2,610 2,075 1,959 3,01*8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 25,092,1*82 1,508,127 8,769,121* 1,573,336 2,116,1*71* 1,153,231* 335,1+1+9 1+, 150,1*23 362,839 51I+.613 813,779 597,137 2,192,797 Commitments to make industrial advances 17,139 751+ 1+1+0 1,605 626 1,1*61 713 2,099 2,197 — 3,322 — 3,917 F. R. notes outstanding 10,058,333 757,1+02 2,1*78,105 726,085 91+8,025 571,681* 397,699 2,022,117 1*03,051* 21*1,391* 329,059 133,035 1,000,629 Collateral for F.R.notes held by F.R.Agentsj Gold certificates 10,223,500 770,000 2,1*95,000 71*0,000 950,000 600,0:0 1*15,000 2,01*0,000 1*20,000 21*5,000 330,000 189,500 1,029,000 jSiigible paper 1,591+ 950 290 — — — — 31+5 — 9 MATURITY DISTR.TDUTLCNOF BILLS AH) SECURITIES Within 16 to 31 to 6l 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 Bills discounted l+,807 2,791+ 1*75 559 1,051+ 5 Industrial advances 10,935 6,261* 333 170 167 792 772 1,560 922 U.S.Government securities, direct and guaranteed 3,01*6,689 53,398 37,811 217,996 21*0,61*2 126,921 236,310 277,175 370,700 1,1*35,736 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 28J-a Released for publication Friday morning, July 22j.l9l|2; oaot earlier. f STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or <d ecrease since July 22, July 15, July 23, 19U2 I9l|2 191*1 A S S E TS Gold certificates on hand and due from U. S. Treasury- 20,51*9,626 1 + 21*7,095 Redemption fund - F« R. -notes 13,102 - 1,130 - 3,169 Other cash 262,365 797 - 23,707 Total reserves 20,832,093 - 1,928 + 220,219 Bills discounted! Secured by U. S. Gov't obligations, direct and guaranteed 3,280 ' + 1*20 + 2,375 Other bills discounted 1,607 • 1*6 - 216 Total bills discounted ii,887 + 1*66 2,159 Industrial advances 10,985 + 101 * 1,132 U. S. Government securities, direct and guaranteed! Bonds 1,61*2,336 + 2,51*0 * 279,036 Notes 721*, 1*75 — - 95,825 Certificates 195,731 + 17,500 + 195,731 Bills 1*83,61*7 - 10,902 4 1*33,61*7 Total U. S. • Government securities, diroct and guaranteed 3,01*6,639 • 9,138 862,589 Total bills and securities '3,062,561 + 9,705 + 865,830 .... Due from foreign banks li7 F. R. not^s of othor banks 27,530 - l*,2o6 - 2,531 Uncollected items 1,031*, 672 -257,036 11+8,333 Bank premises 1*0,1*77 + 31 1*3 Other assets . 1^5,302 + 521 1,339 • TOTAL ,xSSETS 25,092,1*32 -252,913 +1,230,565 L I A B I L I T I ES F. R, notes in actual circulation 9.563,251 • 55,U6o •2,792,15^4 Deposits j Member bank - reserve account 12,551,313 •509,611 - 565,776 U. S. Treasurer - general account 293,331 -61*7,631* - 656,067 Foreign 386,555 + 15,910 - 273 , 586 Other 1*60,139 • 29,271 - 133,U05 Total deposits 11*, 196,338 - 92,81*2 +1,633,83k- Deferred availability items 951,1*16 -216,271* 66,133 Other liabilities including accrued dividends 3,081* + 1*00 + 1*26 TOTAL LIABILITIES 21*, 711*, .069 -253,256 C A P I T A L. A C C O U N TS Capital paid in il*5,100 + 36 * 1*,211 Surplus (Section 7) 157,502 — 1*37 gurplus (Section ljb) 26,781 — h Other capital accounts 1*9,030 • 307 * 1.037 TOTAL LIABILITIES AND CAPITAL ^COUNTS 25,092,1*82 -252,913 +1,230,565 Ratio of total reserves to deposit ar;d F. R. note liabilities combined 07.7^ + - : Commitments to make industrial advances 17,139 + 3h + 5,7-1*6 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 22, I942 (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- 20,549,626 1,136,266 7,586,875 1,247,867 1,675,308 861,538 626,482 3,557,487 641,933 395.733 611,914 421,635 1,736,528 Redemption fund - F.R.notes 13,102 2,647 1,019 888 808 1,303 643 874 701 149 283 728 3,059 Other cash 269,365 23,298 65,283 13,345 19,303 14,050 17,493 43,373 1 ~ coc 6,733 11,636 12,478 27,733 Total reserves 20,832,093 1,162,211 7,653,177 1,262,600 1,695,419 876,941 644,618 3,602,239 656,224 402,670 623,853 454,341 1,817,520 Bills discounted! Secured by U. S. Gov't obligations, direct and guaranteed 3,280 200 935 290 50 — 1,000 — 345 — — 410 50 Other bills discounted 1,607 — 652 144 208 66 52 183 45 33 52 58 114 Total bills discounted 4,887 200 1,587 434 258 66 1,052 183 390 33 52 468 164 Industrial advances 10,935 1,164 1,046 5,419 310 837 1,107 277 8 503 56 208 50 U. S. Government securities, direct and guaranteed: Bonds 1,642,836 116,487 455,416 120,297 151,900 100,929 71,240 213,200 82,594 43,526 71,750 63,610 152,087 Notes" 724,475 51,569 200,835 53,050 66,985 44,510 31,417 94,020 36,422 . 10,106 31,641 28,051 67,069 Certificates 195,731 13,879 54,259 14,332 18,098 12,025 8,438 25,401 ' 9,340 5J 162 3,543 7,579 18,120 Bills 433,647 34,294 134,073 35,415 44,719 29,713 20,975 62,766 24,315 12755 21.123 18,727 44,774 : Total U. S. Gov't securities, direct and guaranteed 3,046,689 216,029 844,583 223,094 281,702 187,177 132,118 395,387 153,171 80,549 133,062 117,967 282,050 Total bills and securities 3,062,561 217,393 847,216 228,947 282,270 188,080 134,277 395,847 1 53,569 80,885 135,170 118,643 282,264 Due from foreign banks 47 3 18 5 4 2 2 6 1 * 1 1 4 F. R> notes of other banks 27,330 905 2,966 1,733 1,856 2,337 2,928 3,139 2,432 2,721 2,616 854 2,843 Uncollected items 1,084,672 121,971 243,102 71,943 127,901 •84,864 49,783 140,667 46,455 25,779 - 49,569 4o,003 82,335 7 Bank premises 40,477 2,750 10,397 4,837 4,373 3,072 1,956 2,972 2,132 1,521 2.8>7 1.098 2,729 Other assets 45,302 2,894 12,248 3,321 4,651 2,938 1,835 5,553 2,076 1 2*1: 1,953 1,747 4,802 TOTAL ASSETS 25,092,482 1,508,127 6,769,12k 1,573,386 2,116,474 1-, 158,234 835,hk9 4,150,423 362,839 514,613 813,779 597,137 2,192,797 *i,ess than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis