H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Aug, 7; of the Federal Reserve System not earlier. August 6, 19^ CONDITION !0F THE FEDERAL RESERVE BANKS During the week ended August 5 member bank reserve balances increased $57,000,000* Additions to member bank reserves;arose from increases of $209,000,000 in Reserve Bank credit and $6,000,000 in Treasury currency and decreases of $79,000,000 in nonmember deposits and other Federal Reserve accounts and $20,000,000 in Treasury cash, offset in part by increases of $11+7,000,000 in money in circulation and $102,000,000 in Treasury deposits with Federal Reserve Banks, and a decrease of $7>000,000 in gold stock Excess # reserves of member banks on August 5 were estimated to be approximately $2,250,000,000, an increase of $50,000,000 for the week. The principal change in holdings of bills and securities was an increase of $195,000,000 in United States Government securities• Bills increased $109,000,000, certificates $76,000,000, bonds and notes $1+,000,000 each # Changes in member bank reserve balances and related items during the week and the year ended August 5, 19^2, wore as follows: Increase or decrease since Aug. 5, July 29, Aug. 6,. 19^2 19^2 19kl (In millions of dollars) Bills discounted 5 U. S,_ Government direct obligations 3,298 +193 +1,119 U. S. Government guaranteed obligations 5 Industrial advances (not including 15 millions ' commitments—-Aug, 5) 13 + 1 + I4. Other 'Reserve Bank credit 12k + lij. + 92 Total Reserve Bank credit 3M6 +209 +1 ,215 Gold.stock 22,139 - 7 + 57 Treasury currency 3,328 • + 6 + 159 Member bank reserve balances' 12-,602 + 57 3k9 Money in circulation 12,79k +2 ,999 Treasury cash 2,20k - 20 - lkl Treasury depdsits with F. R. Banks •' 235 +102 - 55k Nonmember deposits and other F.R. accounts •1,628 - 79 - 52k 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 BANKS ON AUGUST 5, 1942 (In thousands of dollars) L I A B II II I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Qy. Dallas San Fran. F.R.notes in actual circulation 9,768,481 . 725,379 2,398,014 691,895 930,071 550,974 393,733 2,005,656 387,089 239,468 331,672 176,469 933,056 Deposits: Member bank-reserve acct.12,602,052 - 592,364 5,284,217 672,081 908,132 472,291 376,149 1,884,730 360,846 203,949 404,947 361,792 1,080,554 U.S.Treesurer-general acct. 285,388 21,183 79,947 '22,437 21,059 12,002 6,557 67,861 10,917 14,395 6,561 12,603 9,861 Foreign 891,117 22,905 474,939 65,624 62,890 30,078 23,925 83,397 20,507 15,039 19,824 19,324 52,165 other 442,127 10,849 283,341 '11,310 62,693 7,843 2,389 4,l68 lL,C73 7,524 4,673 3,403 29,856 Total deposits , 14,220,634 647,301 6,122,444 " 771,452 1,054,779 522,214409,020 2,040,156 406,343 240,907 436,005 397,627 1,172,436 Deferred availability items 878,577 8l,4l8 183,231 61,458 100,112 77,423 33,317 130,274 46,939 22,083 47,112 31,019 53,691 Other liabilities including accrued dividends 3,304 468 628 200 309 310 184 334 114 113 285 152 157 TOTAL LIABILITIES 24,871,046 1,454,566 3,704,317 1,525,005 2,085,271 1,150,921 841,759 4,176,470 840,485 502,571 815,074 605,267 2,169,340 CAPITAL ACCOUNTS Capital paid in 145,100 9,44l 53,468 11,784 14,825 5,830 5,131 15,969 4,496 3,064 4,685 4,445 11,962 Surplus (Section 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) 26,731 2,874 7,070 4,393 1,007 3,244 713 1,429 530 1,000 1,137 1,263 2,121 Other capital accounts 49,873 2,635 13,983 3,306 4,898 2,066 2,454 8,660 2,031 2,636 2,144 1,935 3,075 - , ..... . .1 I. ...... • 1 .,..,., - . «... — „ ... ...II, . ... .. I.., .,, - • , .... 8 ^CAPITAL^ACCOUNTS ^ 25,250,302 1,430,465 8,835,439 1,559,659 2,120,347 1,167,297 855,732 4,225,453 52,508 512,423 826,653 616,936 2,197,290 Commitments to make industrial advances 14,848 753 438 1,753 623 1,254 704 2,096 . 1,134 — • 2,265 ~ 3,828 F.R. notes outstanding 10,206,185 766,479 2,506,552 725,215 960,869 584,873 418,949 2,046,597 412,769 244,171 342,546 191,540 1,005,620 Collateral for F.R.notes held by F.R.Agents: Gold certificates 10,330,500 775,000 2,515,000 740,000 965,000 600,000 425,000 2,060,000 430,000 245,000 350,000 196,500 1,029,000 Eligible paper 2,690 — 2,160 23? — — — — 245 MATURITY DISTRIBUTION OF BILLS SECURITIES Within 16 to 31 to 6l to 91 days to 6 months 1 tc 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 5,153 3,511 537 1,033 S3" 39 Industrial advances 13,497 7,8ll 4l0 193 1,444 667 1,082 1,,C43 842 U.S.Government securities, direct and guaranteed 3,502,-864 37,811 81,940 269,037 432,332 204,283 "134,700 '276,175 376,800 1,489,786 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FoMrf.H, 233-a Released for publication Friday morning, August 7, 194-2} not earlier. ; STATEMENT .OF CONDITION OF THE TWELVE FEDERAL RESERVE! BANKS COMBINED (In thousands of dollars) Increase 1o r decrease since Aug. 5, July 29, Augi 6, 1942 1942 1941 A S S E TS Gold certificates on hand and due from U.S. Treasury 20,547,628 - 997 +247,097 Redemption fund—F, R. notes 13,189 - 1,413 - 3,468 t Other cash 251,491 -13,215 - 16,752 Total reserves 20,812,308 -15,625 +226,877 Bills discountedj Secured by U. £>. Gov't obligations, direct and guaranteed 3,596 + 470 + 1,848 Other bills discounted 1,587 + 3 - 2,054 Total bills discounted 5.183 + 473 206 Industrial advances 1133,,449977 + 1,551 + 4,049. U. S. Government securities, direct and guaranteed: Bonds 1,646,886 • 4,050 +283,086 Notes 727,575 + 3,100 - 92,725 ' Certificates 292,358 +76,627 +292,358 Bills 636,045 +108,704 +636,045 Total U. £>, Government securities, direct and guaranteed 3,302,8.54 +192,481+1 >118,764 Total bills and securities ' 3,321,544 +194,505+1,122,607 Due from foreign banks 47 F, R. notes of other banks 26,362 + 2,257 - 3,728 Uncollected items 1,002,578 - 25,433 +122,095 Bank premises 40,397 58 20 Other assets 47,066 + ' 630 - 1,123 TOTAL ASSETS 25,250,302 +156,276+1^66,708 L I A B I L I T I ES F. R. not.;s in'actual circulation 9,768,481 +112,994 +2,864,696 Deposits s Member bank—reserve account 12,602,052 ++ 5577,,446633 -- 334499,,337755 U, S. Treasurer—general account 285,388 +102,852 - 553,926 Foreign 891,117 + 3.128 - 310,536 Other 442,127 - 81,117 - 221,561- Total deposits 14,220,684 + 82,326 -1,435.398 Deferred availability items 878,577 - 39,359 + 30,223 Other liabilities including accrued dividends 3,304 105 + 600 TOTAL LIABILITIES 24,871,046 +155,856 +1,460,121 C A P I T AL A C C O U N TS Capital paid in 145.100 4 + 4,189 Surplus (Section 7) 157,502 + 437 Surplus (Section 13b) 26,781 4 Other capital accounts 49,873 + 424 + 1,965 TOTAL LIABILITIES Afc'D CAPITAL ACCOUNTS 25,250,302 +156,276 +1,466,708 Ratio of total reserves to deposit and F.R, note liabilities combined 86. - .1% - 4.4$ Commitments to makj industrial advances 14,848 - 1,141 + 2,038 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 AUGUST 5, 191+2. AA SS SS EE TTSS Total Boston New York . Phila,. Cleve f >Ri ch. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand i and due from U.S•Treasury 20,5^7,628 1,102,820 7,607,?60 1,217,970 1,676,217 853,351 637,611 '3,607,51+1+ 62l+,5l+3 385,1+96 616,097 l+3l+-,290 1,783,729 Pwedemption fund--FR.notes 13,189 2 M7 1,250 734 • 669 1,381+ 51+1 677 651 125 ; 7-31+ 681* 3,273 # Other cash 251^91 19,885 61,1+75 13,925 17,913 H+,171 16,371+ . 1+1,333 13,1+33 7,256 10,621* 10,61*5 21+^57 Total reserves 20,312,308 1,125*172 7,670,685 1,232,629 1,6914,799 868,906 65l+,526 3,61*9,551+ 638,627 392,677 627,1+55 1+1+5,619 1,811,1*59 0 Bills discounted: Secured by U*S.Gov't obligations,; direct and guaranteed 3,596 «» mm- 2,160 285 100 -- — 21+5 — — 71+6 60 Other bills discounted 1,587 . 638 H+1+ 158 66 53 183 1+5 : 33 1+3 110 111* . Total bills discounted 5.183 — 2,798 1+29 258 66 53 I83 290 33 1+3 856 171+ Industrial advances 13,1+97 1,163 623 5,201* 1+18 820 1,188 227 11+ 517 1,136 ll+l 2,0l+6 U. S. Government securiti. 98, direct, and guaranteed: Bonds 11,,6611**66,,888866 117,01*2 11++5577,,997722 121,779 153,197 100,159 71,280 211,627 82,221+ 1+3,977 72,1+95 63,738 151,596 Notes 727,575 51.709 202,326 53,801 67,681 1+1+,250 31,1+92 93,1+92 36,321+ 19,1-29 52,027 28,157 66,887 Certificates 292,358 20,778 81,300 21,618 27,196 17,730 12,651+ 37,568 ll+,597 7,807 12,369 11,315 26,876 Bills 636,01*5 14+,990 176,01+0 1+6,811 58,887 38,500 27,399 81,31+7 33,606 16,901* 27,866 21+,500 59,195 f Total U*S.Govt securities, direct ana guaranteed 3.302,861* 23l+,519 917,638 2l+i+,009 306,961 200,689 11+2,825 l*2l*,03ii 166,751 88,117 11+5.257 127,710 30l+,35l+ Total bills arid • securities 3 , 3 2 1^ 235,682 921,059 21+9,61+2 307,637 201,575 11+1+,066 1*21* ,1*1*1+ 16.7,055 88,667 11+6,1*36 128,707 306,571+ Due from foreign banks •1+7 3 18- 5" 1* 2 2 6 1 •1- 1 1+ • • F. R* notes of other banks 26,362 1,000 .2,626 1,621* 1,71+2 2,227 3,316 3,033 2,133 1,278 3,11+7: 1,0l+8 3,138 Uncollected items 1,002,578 112,731 218,300 67,1+01* 106,831*. 88,552 1+9,958 139,61+6 1+0,300 26,968 1^,698 38,658 68,1+79 Bank premises ho,397 2,71+5 10,379 l+,827 i+,373 3,071 1,951+ 2,956 2,127 1.321 2,831 1,090 2,723 Other assets 1*7 ,C66 3,132 12,1*22 3,528 l+,908 2,961+ 1,960 5,811+ 2,' 215 1,312 2,085 " i ,813 ' 1+,913 TOTAL ASSETS 25,250,302 1 iij.(3c,1*65 8,835,1+8$ 1,559-,659" 2,120,31*7 ,1,167,297 355,7-22 1+,225,1^53 852,508 512,1*23 826,653 616,936 2,^97,290 •Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis