H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. d. 283 STATEMENT FOR THE Pi$SS Rel^as^d fox- publication* Board of Governors Friday morning, July 31> of the Federal Reserve System not earlier, July 30, 19h2 CONDITION OF THE FEDERAL RESERVE BiJIKS During the week ended July 29 member bank reserve balances decreased $6,000,000* Reductions in member barilc reserves arose from increases of $101,000,0$) in money in circulation and $65#000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by a decrease of $115#000#000 in Treasury deposits* wiih Federal Tte&erve Banks and an* increase of $14.1*000,000 in Reserve Bank credit. Excess reserves of member banks on July 29 were estimated to bo approximately $2,200,000,000, a decrease of ^100,000,000 for the week. The principal change in holdings of bills and securities was an increase of $63,000,000 in United Spates Government securities * Bills increased $1+3,000,000 and certificates $20,000,000* Changes in member bank reserve balances and related items during the week and the year ended July 29# 19^2, were as follows: Increase or decrease since July 29 # July 22, July 30, I9k2 191+2 - 19l*l (In millions of dollars) Bills -discounted 5 U* S# Government direct obligations 3,105 +63 * 926 U* b Government guaranteed obligations 5 # Industrial advances (not including 16 million commitments -^July 29) 12 +1 + 2- Other Reserve Bank crodit 110 • 23 « + 61* Total Reserve Bank credit 3,237 • 1+1 + 992 Gold stock if » 22,71+6 + 1 + 73 Treasury curroncy" 3,322 + 1- + 159 Member bank reserve balances 12,51+5 - 6 - 552 Money in circulation 12,61+7 •ioi +2,950 Treasury cash 2,224 • X - 106 Treasury deposits with F. R. Banks 183 -115 - 738 Nonmember deposits £\nd other F,R accounts 1,707 + 65 ' - . 329 t Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F,a. 283-c STATEMENT OF CONDITION OF THE FEDERAL,RESERVE BaNKS ON JULY 29, 1942 (In thousands of dollars) Total L I A B H I1 I BS Boston- New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R» notes in actual circulation .9,655,487 Depositss 725,575 2,378,222 685,073 920,924 539,08^377,0681,983^07378,371237,021+321,703170,825 938,211 Member bank-reserve acct.12,544*589 600,969 5,227,073 692,019 925,980 468,512 363,266 1,898,193 369,286 198,363 1+01,329 31+6,599 1,053,000 U»S.Treasurer-general acct. 182,536 15>248 32,725 20k 13,116 5,132 7,022 31,789 9,509 11,283 9,175 7,1+1+0 28,893 Foreign 887,989 24,295 474,993 64,875 62,172 29,735 23,652 82,1+46 20,274 14,867 19.598 19,598 51,484 Other 523 ,2l+i+ 11,1+13 308,906 14,914 78,710 8,699 2*762 37,522 14,1+46 9,519 3,993 1,785 30,575 Total deposits 14.138 ,358 61+9,925 6,01+3,697 785,012 1,079,978 . 512,078 396,702 2,01+9,950 1+13^515 25I+,032 434.095 375,1+22 1,163,952 Deferred availability items 917,956 81,715 199,700 63,210 120,01+1 76,1+31 34,222 11+3,196 1+2,111 20,031+ 1+1,81+9 39,353 56,071+ Other liabilities including accrued dividends 3,409 371 652 189 361+ 327 212 i+25 98 111 332 204 124 TOTAL LIABILITIES 2l+,715.190 1,1+57,586 8,622,271 1,533,484 2,121,307 1,127,920 808,201+ 1+,176,978 83I+,095 1+91,201 797,979 585,804 2,158,361 CAPITAL ACCOUNTS Capital paid in 11+5,101+ 9,1+1+1 53,467 11,781+ ll+,825 5,830 5,131 15,968 4,496 3,064 4,685 4,445 11,968 Surplus (Section 7) 157,502 10,91+9 56,651 15,171 14,346 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 J+,393 1,007 3.21+4 713 1,1+29 530 1,000 1,157 1,263 2,121 Other capital accounts 1+9,1+1+9 2,711+ 13,828 3,271 4,808 2,01+8 2,i+26 8,576 2,003 2,622 2,117 1,961 3,075 TOTAL LIABILITIES IIND CAPITAL ACCOUNTS 25,094,026 14+83,564 8,753,287 1,568,103 2,156,293 1,144,278 822,199 4,225,876 846,090 501,039 809,531 597,14+9 2,186,317 Commitments to make industrial advances 15,989 754 440 1,625 658. 1,255 704 2,099 2,122 — 2,440 — 3,892 F.R. notes outstanding 10,121,699 757,456 2,483,496 724,425 955,691 580,819 408,496 2,025,463 409,172 242,135 335>334 189,376 1,009,836 Collateral for F.R.notes held by F.R.Agents: .Gold certificates 10,21+8,500 770,000 2,495,000 740,000 960,000 600,000 415,000 2,040,000 420,000 245,000 340,000 194,500 1,029,000 Eligible paper 2,280 1,745 290 ' — ~ — 245 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to . 1 61. to 91. days to 5~Sonths .lto 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 4,710 2,380 1,187 95S" 182 . 3 T- Industrial advances 11,946 6,301 371 177 1,068' 845 768 1,537 87 9 U.S.Government securities* direct and guaranteed 3,110,383 48,499 58,476 185,268 256,250 191,969 236,310 277,175 370,700 1^+85,736 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

For-a. F. R. 283-a Released for publication Friday morning, July 31, 191+2; not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since July 29, July 22, July 30, 191+2 191+2 191+1 A S S E' T S Gold certificates on hand and due from U.S»_ Treasury 20,51+8,625 -1,001 +21+6,092 Redemption fund - F. R. notes ' ll+,602 +1,500 - 1,669 Other cash 261+,706 -i+,659 - 28,526 Total reserves 20,827,^33 -l+,i6o +215,897 Bills discountedj Secured by U. S. Gov't obligations, direct and guaranteed 3,126 - 15I+ + l,50l+ Other bills discounted 1,531+ - 23 - l,35l+ Total bills discounted 4,710 - 177 + 150 Industrial advances 11,91+6 + 961 + 2,016 U. S. Government securities, direct and guaranteed} Bonds 1,61+2,836 +279,p36 Notes 721*. ,1+75 - 95,825 Certificates 215,731 +20,000 +215,731 Bills 527,31+1 +1+3,691+ +527,3U Total U. S, Government securities, direct and guaranteed- 3,110,383 +63,691+ +926,283 Total bills and .securities 3,127,039 +61+,1+73 +928,1+1+9 Due from foreigxx bunks 1+7 F. R." not^s of other banks . 2l+,105 - 3,2-25 - 2,233 Uncollected items 1,028,011 -56,661' +11+6,586 Bank premises 1+0,1+55 22 + 59 Other assets 1+6,1+36 + 1,131+ - 1,165 TOT<iL ASSETS 25,09l+»026 + 1,51+1+ +1,287,593 L I A B I L I T I ES F. R. notes in actual circulation 9,655,1+87 +92,256 +2,826,305 Deposits: Member bank - reserve account 12,514+,589 - 6,721+ -552,351 U. S. Treasurer - general account 182,536 -115,795 -738,519 Foreign 387,939 + 1,1+31+ -256,01*2 Other +63,105 - 81,167 523,2lfl+ Total deposits il*,133,358 -57,930 -1,628,079 Deferred availability items -33,1+30 + 32,901* Other liabilities including 917,936 accrued dividends + ' 325 + 376 3,1+09 TOTAL LIABILITIES 2i+,715,190 +1,121 +1,281,506 C A P I T AL A C C O U N TS Capital paid in 11+5,101+ + i+; ' + 1+,210 Surplus (Section 7) 157,502 + 1+37 Surp lus ( S ec ti on 13b) 26,781 1+ Other.capital accounts •1+9,1+1+9 . +: 1+19 + 1,1441+ TOTAL LIABILITIES AND CAPITAL ACCOUNTS 25,091+,026 +l,5Mt +1,287,593 Ratio of total reserves to deposit and F. R. note liabilities combined 87.5? - .2% - 3.7# Commitments to make industrial advances 15,989 -1,150 + 4,292 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 29, 1942 (In thousands of dollars) A S S E TS Total Boston New York. Phila. Cleye. Rich. Atlanta Chicago St.Louis Minn. Kahs.Cy, Dallas San Fran. Gold certificates on hand and due • - : from U.S.Treasury 20,548.625 1,126,526 7,558,704 1,243,937 1,693,672 848,719 622,780 3;627,797 625,468 383,773 608,537 4l4,137 1,794,575 Redemption fund - F.R.notes 14,602 2,595 1,735 821 ,754 1,943 605 811 687 143 772 718 .. .3,018 Other cash 264,706 20,874 66,201 13,704 21,087 11,942 15,913 44,196 13,375 7,380 12,393 12,175 25,466 Total reserves 20,827,933 1,149,995 7,626,640 1,258,462 1,715,513 ' 862,604 639,298 3,672,804 639,530 391,296 621,702 427,030 1,82.3,059 Bills discounted: Secured by U. S. Gov't obligations, i direct and .guaranteed 3,126 — 1,745 290 50 — — 224455 — 774466 50 Other bills discounted 1,584 -- 638 144 208 66 53 133 45 33 """"4433 57 114 Total bills discounted 4,710 — 2,383 434 258 66 53 183 290 33 43 803 164 Industrial advances 11,946 1,164 1,043 5,404 409 820 1,130 278 i4 504 961 173 46 U. S. Government securities, direct and guaranteed! Bonds 1,642,836 " ,1*6,558 455,796 120,611 152,144 100,660 71,205 212,644 3322,,444411 4433,,446699 71,900 6633,,660033 115511,,880055 Notes 724,475 51,402 201,001 53,189 67,094 44,339 31,400 93,773 36,356 19,172 31,707 28,047 66,945 Certificates 215,731 15,306 59,854 15,838 19,979 13,218 .9,350 27,924 10,826 5,708 9,442 8,352 >19,934 Bills ; 527,341 37,397 146,242 33,693 48,315 32,297 22,846 63,226 26,451 13,947 23,069 20,647 48,706 Total U. S.Gov't securities, direct and. guaranteed 3,110,383 220,663 862,893 228,336 288,032 190,564 134,801 402,567 156,074 82,296 136,118 120,649 287,390 Total bills and • •• • securities 3,127,039 22j,827 866,319 234,174 288,699 191,450 135,984 403,028 156,378 82,833 137,122 121,625 287,600 Due from foreign banks 47 3 18 5 4 2 2 6 1 * 1 1 4 F.R. notes of other banks 24,105 776 2,159 1,670 1,476 1,954 3,155 3,762 1,744 1,508 2,299 . 711 2,891 Uncollected items 1,028,011 105,169 235,181 • 65,574 141 Ml 82,155 39.868 137,644 44,188 22,841 43,566 45,199 '65,185 Bank premises 40,455 2,745 10,397 4,827 4,373 3,073 1,954 2,972 2,132 1,324 2,337 1,098 • ,723 Other assets 46,436 3,049 12,573 3,391 4,787 3,040 1,938 5,660 2,11.7 1,237 2,004 1,785 • 4,855 TOTAL ASSETS 25,094,026 1,483,564 8,753,287 1,568,103 2,156,293 1,144,278 822,199 4,225,876 846,090 501,039 809,531 597,449 2,186,317 •Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis