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, August 21.; of the Federal Reserve System not earlier. August 20, lji+2 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 19 member bank reserve balances decreased $56,000,000» Reductions in member bank reserves arose from increases of $86,000,000 in money in circulation, $66,000,000 in Treasury deposits with Federal Reserve Banks, and $11,000,000 in nonmomber deposits and other Federal Reserve accounts, offset in part by increases of §103,000,000 in Reserve Bank credit and $2,000,000 in gold stock. Excess reserves of member banks on Auk ust 19 were estimated to be approximately $2,100,000,000, a decrease of $280,000,000 for the week* The principal change in holdings of bills and securities was an increase of $6l ,000,000 in United States Government securities• Bills increased $il3,000,000 and certificates $18,000,000• Changes in member bank reserve balances and related items during the week and the year ended August 19, 19^2, .were as follows: Increase or decrease since AU£. 19, Aug. 12 Aug. 20 19i'2 19U2 19U1 r (In millions of dollars) Bills discounted 4 - 1 - 4 U. 3. Government ci.irect obligations 3 ,bb3 + 61 +1,264 U. S. Government guaranteed obligations 5 Industrial advances (not including 19 million commitments—Aurust 19) lb + I h • Other Reserve Bank credit 1 49 + b2 + 19 Total Reserve bank credit 3,615 +103 +1,343 Gold stock 22,7bh + 2 + 34 Tre-jumrj currency 3,533 + 1 + 155 tfomber b&iiK reserve balances 12,653 - 56 - 384 Money in circulation 12,956 + 86 +3,116 Treasury cash 2,206 —' - 171 Treasury deposits with F. R, Banks 2l;0 + 66 - 545 Nonmombor deposits and other F. R. accounts 1,633 + 11 - 482 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 19, 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 9,923,080 756,918 2,1+18,751 707,166 947,916 570,453 391,175 2,035,595 592,991 242,629 335,915 177,796 965,779 Deposits: Member bank-reserve acct. 12 ,652,82+3 621,783 5,256,161 639,546 939,802 471,342 336,416 1,874,200 371,780 208,392 4i7,o4.8 356,700 1,109,668 U.S.Treasurer-general acct.. 239»778 8,719 64,683 19,497 14,171 14,354 10,505 37,784 10,457 . 12,961 13,198 6,823 26,126 'J: Foreign 914,334 23,774 475,698 69,228 66,343 31,729 25,239 37,977 2 15,865 20,913 20 ,913 55,021 Other 429,224 5,391 280,271 9,571 60,571 7,929 2,110 2,763 12,542 7,949 6,698 2,535 50,596 Total deposits 14,236,179 660,172 6,076,813 737,842 1,080,887 525,354 424,270 2,002,724 416,id3 245,167 457,857 386,969 1,221,211 Deferred availability items 1,023 ,473 96,303 , 210,503 75,592 121,684 88,021 38,373 157,815 52,993 21,193 48,841 39,254 74,396 Other liabilities including accrued dividends 3,550 530 766 227 326 320 194 351 107 125 226 202 176 TOTAL LIABILITIES 25,186,287 1,494,423 8,706,838 1,518,827 2,150,813 1,184,648 854,010 4,196,483 862,504 509,119 842,839 604,221 2,261,562 CAPITAL ACCOUNTS Capital paid in 145,146 9,439 53,472 11,776 14,825 5,333 5,133 15,996 4,507 3,065 4,692 4,446 11,962 Surplus (Section 7) 157,502 10,949 56,651 15,171 14,346 5,256 5,725 22,92s 4,966 5,152 3,613 3,976 10,792 Surplus (Section 13b) 26,781 2,874 7,070. 4,393 1,007 5,244 713 1,429 530 1,000 1,137 1,263 2,121 Other capital accounts 50,523 2,671 14,220 3,357 4,966 2,125 2,486 3,727 2,053 2,643 2,i47 2,009 3,109 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 25,566,239 1,520,356 8,333,251 1,553.524 2,135,957 1,201,086 368,067 4,245,5&> 874,565 518,934 854,423 615,915 2,289,546 Commitments to make industrial advances 18,726 753 435 1,752 603 1,249 646 1,842 i,o47 2,352 6,089 F.R. notes outstanding 10,374,689 772,561.2,527,640 734,033 979,773 604,988 421,581 2,081,943 421,759 246,993 349,050 192,598 l,o4l,7°o Collateral for F.R.notes held by F.R.Agents: Gold certificates 10,497,500 785,000 2,540,000 740,000 985,000 625,000 425,000 2,100,000 450,000. 250,000 350,000 193,500 1,069,000 Eligible paper 2,565 600 1,615 205 145 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 years Bills discounted 4,341 3,028 109 1,052 125 27 • * m -R— Industrial advances 13,547 7.949 371 170 1,126 .745" 1,520' 830 •656 U.S,Government securities, direct and guaranteed 3,443,099 83 Mo 177,017 254,950 483,046 171,655 134,700 268,175 385,350 1,489,786 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 decrease since Aug. 19, Aug. 12, Aug..20, 19^2 19U2 19kl A S S E TS Gold certificates on hand and due from U. S. Treasury 20,547,619 + 978 + 248,087 Redemption fund-^F, R. notes " 13,992 -+1,050 2,237 Other cash 248,914 -2,800 - 25,725 Total reserves 20,810,525 - 772 .+ 220,125 Bills discounted: Secured by U, §.,Gov't obligations, direct and guaranteed 2,745 - 925 + 558 Other bills discounted 1,596 4,506 Total bills discounted 4,341 - 925 3,948 Industrial advances - 13,547 + 619 + • 3,961 U. S. Government securities, direct and guaranteed: Bonds 1,646,886 + 283,086 Notes 728,105 - 92,195 Certificates 340,973 +1-6,115 -+ 340,973 Bills ' 732,135 +43,095 + 732,135 Total U, S. Government securities, direct and guaranteed 3,448,099 +61,210 +1,263,999 Total bills and securities 3,465,987 +60,904 +1,264,012 Due from foreign banks 47 F. R, notes of other banks 28,162 + 1,453 5,143 Uncollected items 1,172,399 +48,963 + 183,606 Bank premises 4o,4oi 266 Other assets '43,718 + 652 64l TOTAL ASSETS 25,566,239 +111,200 +1,661,693 L I A B I L I T I ES F. R. notes in actual circulation 9,923,030 +82,328 +2,970,475 Deposits: . , Member bank—reserve account 12,652,843 -55,802 - 384,627 U. S, Treasurer--general account 239,778 +65,801 545,566 Foreign 914,334 +25,716 - 288,538 Other 429,224 -13,617 - 202,606 Total deposits 14,236,179 + .22,098 -1,421,337 Deferred availability items 1,023,478 + 6,878 . + 104,633 Other liabilities including accrued dividends 3,550 281 + 619 TOTAL LIABILITIES 25,186,287 +111,023 +1,654.390 C A P I T AL A C C O U N TS Capital paid in 145,146 + 10 + 4,278 Surplus (Section 7) 157,502 + 437 Surplus (Section 13b) „ 26,781 4 /ther capital accounts. 50,523 + 167 + 2,592 TOTAL LIABILITIES'AND CAPITAL ACCOUNTS 25,566,23 9 +111,200 +1,661,693 Ratio of total reserves to deposit and F.R. note liabilities combined 86.1% - M 5.0% Commitments to make.-industrial advances 10,726 +' 1,617 +' 5,646 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,• 1 942 (In thousands of dollars) A S ' S E TS Total Boston New York Phila. Cleve « Rich* Atlanta Chicago St.Louis Minn. Kans.Qy. Dallas San L Fran. Gold certificates on hand and . due from U.b.Treasury •" *2 0,5u7*6l? 1,119,U7 7,536,697 1,188,080 1,700,32^ 872,002 647,728 3,586,010 627,827 383,874 625,567 421,423 1,633,670 Redemption fund--F.R.notes 13*992 2.365 1,817 554 529 1,543 442 1,493 607 92 700 653 3,197 Other cash 2i+8,9li+ 19',031+ 60,320 13,630 16,563 14,343 17,071 40,356 13.740 6,639 10,293 10,261 26,609 Total reserves 20,810,525 1,114.0,316 7,593,834 1,202,264 1,717.1+16 887,888 665,241 3.627,859 642,174 395,655 636,565 432,337 1,863,476 Bills discounted: Secured bj U.S.Gov't obli gabions, direct and guaranteed 2,7h5 .600 1,615 205 100 — — — 145 — 80 — Other biixs discounted 1,596 — 638 144 158 66 53 183 45 33 43 119 114 Total bills•discounted 600 2,253 349 258 66 53 183 190 33 43 199 114 Industrial advances 1 3 ^7 1.159 623 5,281 472 840 1,193 216 14 497 1,069 140 2,643 U. S Government securities, # direct and guaranteed: Bonds 1,6^6,886 117.183 456.713 122,393 153,674 99.632 71,211 210,538 81,926 44,260 72,788 63,721 150,847 Notes 728,105 51,807 202 ,804 54,111 67.941 lih ,047 31A81 93.083 36,222 19,566 52,181 23,172 66,690 Certificates 3^0,973 24,262 94,972 25,340 31,817 20,628 14.744 43,590 16,962 9,164 15,070 13.193 31,231 Bills 732,135 52,094 203,924 540+11 63,317 41+,292 31,658 93,596 36,421 19,676 32,358 28,323 67,060 Total U.S.Gov*t securities 9 direct and guaranteed 3,448,0 99 245,346 960,413 256,255 ' 321,749 208',599 14?,094 1j4o,307 171,531 92,666 152,397 133,414 ' 315,828 Total.bills ana T • - • securities 3 J+65,987 247,105 963,289 261,885 322,479 209,505 150,340 441,206 171,735 93,196 153,509 133,753 317,985 Due from foreign banks 1+7 3 18 5 4 2 2 6 1 * l 1 4 F.R. notes of other banks 28,162 1,098 . 3,056 1,576 i,796 2,508 3,299 3.433 2,132 936 3,337 1,140 3.851 Uncollected items 1,172,399 125.334 249,334 79,329 134,731 95,040 45,175 164,021 54,133 26,506 56,oo4 45., 712 96,530 Bank premises 1+0,^01 2,745 10,379 4,827 4,373 3,074 . 1,954 '2,956 2,128 l,32i 2,831 1,090 2,723 Other assets 1+8,71 a 3,255 12,841 3.638 5,158 3,069 2,056 6,079- 2,262 1,370 2,181 1,882 4,927 TOTAL ASStiTS 25,566,239 1,520,356 8,338,251 1,553.524 2,185,957 1,201,086 868,067 4,245,560 874.565 518,981+ 85!*0+28- 615,915 2,239,546 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis