H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F;. R« 203 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday; morning, Aug, of the Federal Reserve System not earlier. August 13, 19k2 CONDITION OF THE FEDERAL RESERVE RANKS During the week ended August 12 member bank reserve balances increased $107,000,000• Additions to member bank reserves arose from a decrease of $111,000,000 in Treasury deposits with Federal Reserve Banks and increases of $66,000,000 in Reserve Bank credit, $U,000,000 in Treasury currency, and $3,000,000 in gold stock, offset in part by increases of $76,000,000 in money in circulation and $2,000,000 in Treasury cash. Excess reserves of member banks on August 12 were estimated to be approximately $2,380,000,000, an increase of $130,000,000 for the week. The principal changes in holdings of bills and securities was an increase of §8l|.,000,000 in United States Government securities. Bills increased $53,000,000 and certificates $31,000,000. Changes in member bank reserve balances and related items during the week and the year ended August 12, I9I4.2, were as follows: Increase or decrease since Aug. 12, Aug. 5, Aug. 13$ 19U2 19k2 . 19Ul (In millions of dollars) Bills discounted 5 5 U. S. Government direct obligations 3,332 + 8h +1,203 U, S, Government guaranteed obligations 5 Industrial advances (not including 17 million, commitments-^August 12) u 13 + Other Reserve Bank crcdit 107 - 17 + 63 Total Reserve Bank credit 3,512 + 66 +1,265 Gold stock 22,71+2 +3 + 39 Treasury currency 3,332 + 1; + 160 Member bank reserve balances 12,709 +107 - 239 Money in circulation 12,870 + 76 +3,073 Treasury cash 2,206 + 2 - 155 Treasury•deposits with F. R. Banks 171+ -HI - 7"l+5 Nonmembor- deposits and other F.R. accounts 1,627 - 1 - 1+76 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 12, 1942 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 9,840,752 750,868 2,400,971 700,785 939,151 562,288 390,277 2,018,554 389,730 241,004 332,205 176,559 958,380 Deposits: Member bank-reserve acct.12,708,645 •625,413 5,171,637 671,083 932,856 489,406 598,836 1,921,850 333,431+ 208,506 424,598 361,602 1,114,61+4 U.S.Treasurer-general acct. 175,977 4,918 33,905 24,491 9,116 6,359 4,843 21,965 11,132 5,985 12,536 7,662 31,079 Foreign ~ 888,6l8 22,998 473,008 65,513 62,783 30,027 23,885 83,256 20,473 15,013 19,790 19,790 52,082 oti ier 442,841 5,569 283,334 12,625 62,677 7 ,ii46 2,206 4,927 13,855 8,824 1,913 2,371 32,089 Total deposits 14,214,081 658,898 5,966,834 773,712 1,067,432 533,218 429,775 2,031,973 435 >894 233,329 453,642 391,425 1,229,894 Deferred availability items 1 £16,600 96,884 225,376 74,501 129,396 81,624 37,531 157,912 43,o4l 21,754 47,208 35,391 Other liabilities including 60,982 accrued dividends 3,831 529 805 306 323 3hh 195 407 135 130 259 172 226 TOIAL LIABILITIES 25,075,264 1,487,179 8,594,036 1,549,304 2,136,282 1,177,474 857,778 4,203,351 871,300 501,217 338,311+ 603,547 2,249,432 CAPITAL ACCOUNTS Capital paid in 145,136 9,439 53,1+70 11,784 14,325 5,832 5,132 15,994 4,499 3,065 4,639 4,445 11,962 Surplus (Section 7) 157,502 10,949 56,651 15,171 14,31+6 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 1,007 3,244 713 1,429 530 1,000 1,157 1,263 2,121 Other capital accounts 50,356 2.,659 14,149 3,345 4,948 2,103 2,483 8,711 2,053 2,647 2,164 2,003 3,091 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 25,455,039 1,513,100 8,725,376 1,533,997 2,171,408 1,193,339 871,331 4,257,91c 383,348 511,081 349,917 615,234 2,2 77,1448 Commitments to make industrial advances 17,109 753 438 1,724 596 1,255 659 1,346 1,047 — 2,894 ~ 5,897 F.R. notes outstanding 10,302,828 773,714 2,512,870 730,761 970,997 599,541 421,729 2,061,788 417,679 245,730 344,056 192,680 1,031,503 Collateral for F.R.notes held by F.R.Agenxs: Gold certificates 10,447,500 785,000 2,540,000 740,000 975,000 625,000 425,000 2,080,000 430,000 250,000 350,000 198,500 1,049,000 Eligible paper 2,510 2,265 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 50 days 60 days 90 days o months to 1 year years ' y e a rs 5 years Bills discounted 5,266 4,025 67 1,054 62 38 Industrial advances 12.928 7,345 401 156 595 - 767 1,518 810 836 U.S.Government securities, direct and guaranteed 3 306,889 60,516 70,333 333,323 439,756 149,965 134,700 263,175 385,350 1,439,736 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

•Form F.R. 283-a Released for publication Friday morning, August l4» 1942; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) Increase or -decrease since 3 hO r~4 CM Aug. 5, Aug. 13, 1942 1942 1941 A S S E TS Gold certificates on hand and due from U» S. Treasury- 2200,,554466,,6611++11 - 987 +246,112 Redemption fund—F. R» notes 12,942 - 247 - 3,715 Other cash 251,714 + 223 - 28,270 Total reserves 20,811,297 -1,011 +214,127 Bills discounted; f Secured by S. Gpvt obligations, direct and guaranteed 3.670 + 74 - 1,792 Other bills discounted 1,596 + 9 * 2,904 Total bills discounted 5,266 + 83 - 4,696 Industrial advances 12,928 569 ' + 3,658 U# S» Government securities, direct and guaranteed? Bonds 1,646,886 — +283,086 Notes 728,105 + 530 - 92,195 Certificates 322,858' +30,500 +322,858 Bills 689,040 +52,995 +639,040 Total U« St Government securities, direct and guaranteed 3,386,889 +84,025 +1,202,789 Total bills and securities 3,405,083 +83,539 +1,201,751 Due from foreign banks 47 — F. R* notes of other banks 26,709 ++ 334477 - 4,758 Uncollected items 1,123,436 +120,858 +120,558 Bank premises 4O,401 + 4 55 Other assets. 48,066 +1,000 832 TOTAL ASSETS 25,455,039 +204,737 +1,550,791 L I A B I L I T I ES F. R. notes in actuai circulation 9,840,752 +72,271 +2,93U,34l Deposits: Member bank—reserve account 1122,,770033,,664455 +106,593 - 239 ,079 U» S* Treasurer—general account 173,977 -111,411 - 745,448 Foreign 883,618 - 2,499 - 30.5,688 Other 442,841 • . 714 - 170,324 Total deposits 14,214,081 -6,603 -1,469,039 Deferred availability items 1,016,600, •138,023 + 57,32$ Other liabilities including accrued dividends '3,831' • ,527 + r 600 TOTAL LIABILITIES 25,075,264 +204,218 +!!, 523,725 C i i P I T AL A C C O U N TS Capital paid in 145,136 + 36 ++ ''.. 44,,220033 Surplus (Section 7) 157,502 + . 437 Surplus (Section 13b) 26,731 4 Other capital accounts 50,356 + 433 + 2,430 TOTAL LIABILITIES" AND CAPITAL ACCOUNTS 25,455,039 +204,737 +1,530,791 Ratio of, total reserves to deposit and F.R. note liabilities combined 8866..55???? -- ,,33%% bb**ll%% -- Commitments to make industrial advances 17,109 + 2,261 +: 4,051 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form ?. A. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS ON AUGUST 12, • 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 20,546,641 1,123,238 7,423,62? 1,224,805 1,689,517 872,940 655,925 3,623,335 643,070. 383,103 629,652 427,388 1,850,041 Redemption fund—F.R.notes 12,942 2,409 1,017 625 585 1,945 480 556 623 . 99 712 664 3.227 Other cash 251,714 19/750 63,880 13,617 . 18,640 12,445 15,127 41,195 13,273 6,666 10. ,90 9 11,282 24,930 Total reserves 20,811,297 1,145,397 7,488,524 1,239,047 1,708,742 887,330 671,552 3,665,086 656,966 389,868 641,273 439,334 1,878,198 Bills discounted: Secured by U.S.Gov't obligations, direct and guaranteed 3,670 — 2,265 280 100 — — 245 — — 780 — Other bills discounted 1,596 — 638 144 158 66 52 183 45 33 : 43 120 114 Total bills discounted 5»266 — 2,903 424 258 66 52 I83 290 33 • 43 900 114 Industrial advances 12,928 1,16-3 623 5,212 472 820 1,183 227 14 520 507 141 2,046 U. S. Government securities, direct and guaranteed: Bonds 1,646,886 117,12.5 458,413 122,143 153,480 99,845 7i,24o 210,981 82,048 44,144 72,669 63,728 151,070 Notes 728,105 51,784 202,067 54,002 67,855 44,144 31,494 93,276 36.273 19,518 32,127 28,175 66,790 Certificates 322,858 22,961 89,868 23,945 30,089 19,574 13,966 41,361 16,085 8,654 14,246 12,493 29,616 Bills 689,040 48,956 191,607 51,053 64,151 41,733 29,777 88,186 34,294 18,452 30,374 27,313 63,144 Total U.S.Gov't securities, direct and guaranteed 3,386,889 240,826 942,555 251,143 315,575 205,296 146,477 433,804 168,700 90,768 149,416 131,709 310,620 Total bills and • securities 3,405,083 241,989 946,081 256,779 316,305 206,182 147,712 434,214 169,004 91,321 149,966 132,750 •31-2,780 Due from foreign banks 47 3 18 5 4 2 2 6 1 * 1 1 4 F-.R, notes of other banks 26,709 1,046 3,326 1,637 1,515 2,407 2,874 2,770 2,626 1,389 2,699 942 3,478 Uncollected items • 1,123,436 - 118,650 264,318 78,035; 135,434 91,844 45,747 146,912 50,9H 25,833 51,020 39,294 75,438 Bank premises . 40,401 2,745 10,379 4,827' 4,373 3,074' 1,954 ' 2,956 2,128 " 1,321. 2,831. 1,090 2,723 Other assets 48,066 3,270 12', 730 3,667 5,035 3,050 2,010 5,966 2,212 1,34?1 2,12? 1,823 4,827 ~ V TOTAL ASSETS 25,455,039 1,513,100 8,725,376 1,563,997 2,171,408 1,193,889 871,831 4,257,910 883,848 511,081- 849,917 615,234 2,277,448 •Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis