H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F ©mu F. R. 233 ■STaTBMBNT FOR THE PRESS Released for publication Board of Governors Friday morning* Mar. 5) of the Federal Reserve System not earlier. March I4, 1qIi3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 3 member bank reserve balances increased $18,000,000. Additions to member bank reserves arose from decreases of $2JUli.,000,000 in Treasury deposits with Federal Reserve Banks, $11,000,000 in Treasury cash, and $29,000,000 in nonmember deposits and other Federal Reserve accounts, and an increase of $23,000,000 in Treasury currency, offset in part by a decrease of $93*000,000 in Reserve Bank credit and an increase of $202,000,000 in money in circulation. Excess reserves of member banks on March 3 were estimated to be approximately $1,790*000,000, unchanged for the week* There was a decrease of $131,000,000 in holdings of United States Government securities. Bonds decreased $101,000,000- and notes $¿2,000,000, while certificates increased $3,000,000 and bills $9,000,000« Changes in member bank reserve balances and related items during the week and the year ended March 3* 19^3» were as follows: Increase or decrease since Mar. 3* i'ob* 2h* Mar. k, I9h3 I9h3 I9h2 (In millions of dollars) Bills discounted 12 + 1 + 6 U, S. Government direct obligations 5*751 ~ 131 +3»lt93 U. S, Government guarantied obligations ' 49 -- + 45 Industrial advances (not. including 12 million commitments - March 3) 13 - 1 + 4 Other Reserve Bank credit 306 + 3 9 + 131 Total Iteserve Bank credit 6,130 - 93 +3» 723 Gold stock 22-, 643 — - 62 Treasury currency 3,953 + 28 + 634 Member bank reserve balances 12,935 + 13 + 100 Money in circulation 16,154 + 202 +4,636 Treasury cash 2,212 - 11 + 32 Treasury deposits with F.h, Banks 14 - 244 - 273 Nonmember deposits and other F, h. accounts ]*4l2 - 2g - 144 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT- OF. CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 3, 1943 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St*Louis Minn. Kans.Cy. Dallas San Fran. F;R. notes in actual cir­ culation 12^672,087 927,397 2,799,137 894,168 1,176,362 812*961 600,443 2,508,943 536,315 318,692 448,483 275,995 1,373,136 Deposits* Member bank-reserve acct,. 12,934,772 655,243 k, 511,195 672,167 1,103,093 542,276 513,996 1,918,646 423,810 273,712 529,602 472,124 1,318,908 U,3# Treasurer-general acct*. 11^,227 313 9.193 313 369 153 449 547 51+7 188 612 215 1,298 Foreign 851,281 25,926 1/ 408,116 69,116 66,93b 31,284 25,464 88,760 21,826 16,006 20,371 21,826 55,652 Other 239,653 5.768 123,061 9,631 .60,903 . 12,513 2,710 3,171 11,894 10,652 2,939 5,081 41,280 Total deposits 14,089.,-933 637,250 5*051,565 751,227 1,231,299 586,226 542,619 2,011,124 . 453,077 300,558 553,571+ 1+99,246 1,417,138 Deferred availability items i 2lS 61+7 103,-355 ' 258,374 70,200 137,102 37,676 43,839 136,473 59,617 25,322 63,660 53,707 122,272 Other liabilities including accrued dividends __4.714 539 920 33*+ 396 465 196 629 159 177 41+9 143 253 T0T.iL LIABILITIES 27,983,331- 1718,621 8,110,046 1715,929 2,51+5,159 11+87,332 1192,152 4,.707,169 1054,163 644,71+9 1066,166 329,091 2,912,799 CAPITAL ACCOUNTS Capital paid in 146,856 9,532. 53,676 11,694 15,229 5,93k 5,235 16,417 li. 589 3,164 4,788 4,1+36 12,112 Surplus (Section 7) 160,4’H 11,160 58,001 15.670 14,767 5,236 5,725 22,925 4*966 3,221 3,613 4,083 11,044 Surplus (Section 13b) 26,829 2,874 7,-070 4,393 1,007 3,241+ 717 1,429 530 1,000 1,137 1,307 2,121 Other capital accounts 62.166 3,642 17,204 4,232 5,965 2,929 2,809 10,335 2,715 2,91+6 2,793 2,420 4,176 TOTAL LIABILITIES AND Capital accounts 28,379.643 1715,829 8,245,997 1751,918 2,532,127 1504,675 1206,638 4,753,275 1066,968 655,080 1078,497 341,3372,942,252 Cfixnmitments to make industrial advances 12,241 92 39 1,785 568 1,058 113 — — 1,698 2,711 "" 4,177 x*. R*notes outstanding 13,118,481 963,730 2,915,797 919,321 1,213,910 840,002 631,668 2,551,603 ,563,174 325,050 458,867 294,950 1,440,409 Collateral for F^R.notes held by F.R^Age^ts: Gold certificates 12,900,000 923,009 2,935,000 350,000 1,220,000 727,000 615.-000 2,590,000 480,000 330,000 ù60,000 301,000 l,4öU,000 Eligible paper 7,045. 1,500 5,220 200 — • 125 -- -- -- — — LUS^Gov* t securities 405,000 50,000 — 100,000 — 125,000 30,000 95,000 5,000 —— MATURITY DISTRIBUTION OF BILLS AND SECURITIES Yiithin 16 to 31 to 61 to 9I 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 ysars Bills discounted 11,731+ 3,361 765 2,466 133 ---------i r ~ -------: Industrial advances 13,040 3,990 376 175 502 913 1.158 745 131 U.. S# Government securities, direct and guaranteed 5,799.732 210,533 294,933 727,689 530,902 426,150 351»>00 225,535 1, 162,970 1,311,065 1/ After deducting $440,337,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R, 283a. Released for publication Friday morning, March 5. 19^+3S n°t earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS' COMBINED Increase or decrease since Mar. 3, Feb. 24, Mar. 4, I9h3 1943 S S E T S Gold certificates on hand and due from U. S. Treasury 20,Ut9,179 + 7,398 52,755 Redemption fund - F. R. notes 3o,232 + 3U5' + 25,223 Other cash 374,1144 - 7,919 + 55,226 Total reserves 20,359,555 + 522 + 25.721 Bills discounted» Secured by U, S'. Gov't obligations, direct and guaranteed 9,210 + 1,920 + ¿4,045 Other bills discounted 2,524 - 1,500 4* 1,926 Total bills discounted ~~ 11,734 + 420 4* 5.971 Industrial advances 13,040- 709 •f 4,4o6 U. S. Government securities, direct and guaranteed: Bonds 2,335,335 -100,526 4* 765,5149 Notes 1,177,560 - 142,525 4" 485,o6o Certificates 788,375' + '5,000 4- 733,375 Bins 1,497,962 + 3,512 +1,1*97,962. Total U. S. Government securities, direct and guaranteed .5,799,732 - 151,559 +3.557,246 Total bills and securities 5,824,506 -151,623 +5.5147,625 Due from foreign banks 47 F. R. notes of other banks 43,1433 - 1,374 4- 13,571- Uncollected items 1,522,253 + 790 + 4^9,307 Bank premises 59» m 68 • 1,558 Other assets _____90,753 + 200 4- 39,624 TOTAL ASSETS 23,379,645 -132,258 +a, 097,533 L I A B I L I T I E S F. R. notes in actual circulation 12,'672,037 +160,6o4 ♦U# 087; i;l l* Deposits s Member bank-reserve account 12,934,772 + 17,567 + 100,014 U. S. Treasurer-general account 14,227 -24.5,951 - 272,621 Foreign 351,231 + 149*750 t 135,1472 Other 289,653 - 79,313 • ••264,364 Total deposits 14,039,935 -255.952 - 301,999 Deferred availability items 1,216,647 - 37,997 t 233,9514 Other liabilities including accrued dividends 4»714' TOTAL LIABILITIES 27,985,53! C A P 1 T A L A C C OUNT S Capital paid in 146,856 Surplus (Section 7) 160,411 Surplus (Section 15b) 26,329 Other capital accounts 62,166- TOTAL LIABILITIES aND CAPITAL ACCOUNTS 23,579,643 Ratio of to’tal reserves to deposit and F. R. note liabilities combined 77»9?« Commitments to make industrial advances 12,241 » OJ O O- + 1.37U -133.552 +1,075,720 + 3I4 + 3.7H -- 4- 2,909 4- 43 + 1,260 + 15.170 -132,258 ^,097,583 + .2% - 12,8^ + 668 - 1,505 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form P. R. 283b STATEMENT of CONDITION OF THE FEDERAL RESERVE BANKS CK MARCH 3, I9U3 (In thousands of dollars) ,1 S S S T S 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 20,449,179 1193*919 6,021,324 1234,824 1,871*,913 1049,617 883,940 3,550,709 640,060 461,71*3 718,903 576,4092,242,813 Redemption fund - F.R.notes 36,232 2,656 1,261 5,692 551* 8,325 2,402 779 5,004 120 711 742 7,986 Other cash . 371*, 144 37,330 83,423- 23,211__44,773 19,923 16,997 57,065 I6,k3h 8,829___12,528 10,053 43,573 Total reserves 20*859,555 1233,905 6,106,013 1263,727 1,920,240 1077,865 903,339: 3,608,553 661,498 470,697 732,142 587,-204 2,294,372 Bills discounted: Secured by U. S. Gov't obligations,. direct and guaranteed 9*210 1*500 5,220 200 5^0 125 1,500 — — — — 125 Other bills discounted 2,524 -- 1,068 . 238 252 103 83 305 75 55 70 75____IgO Total bills discounted H,73b 1,500 6,288 433 792 233 1,583 305 75 55 70 200 I90 Industrial advances 13,040 964 608 4,376 1,063 565 388 89 7 371 364 29 3,711 U. S. Government securit: IS, direct and guaranteed: Bonds 2,335,335 172,455 619,735 183,466 220,161 il*3,H9 105,125 289,808 1.12,204 68,136 110,919 91,718 218,489 Notes 1,177^560 86,956 312,493 92,508 111,014 72,167 ‘53,009- 146,130 ■56,577 31*, 355 55,930 46,249 110,172 Certificates 733,875 58,255 209,346 61,975 71*, 370 48,346 35,511 97*897 37,902 23,016 37,469 30,982 73,806 Bills 1,1*97,962 49,829 620,958 .50,096 63,743 •1*3,992 28,219 362., 308 117,093 21,216 43,057 23,639 73*012 es, direct and guaranteed 5,799,732 367,495 1,762,532 338,045 469,288 307*624 221,864 396,143 323,776 146,723 247,375 192,538 476,279 Total bills and securities 5,324,506 369,959 1,769,1*28 393,359 471,11*8 308,422 223,840- 896,537 323,858 147,11*9 247,809 192,817 480,130 Due from foreign banks 47 3 1/ 18 5 1* 2 2- 6 1 * 1 1 4 F.K. notes of other banks 1*3,1*33 1,021 4,206 1,487 2,317 8,393 3,791 4,491* 3,11*9 903 5,780 1,268 6,624 Uncollected items 1,522,253 132,079 333.1*85 . 91,:745= 174,481 101,227 .69,912 231*, 1*38 .72^036 32,267 85,1*19 55,1*65 149*649 Bank premises 39,111 2,712 9,737 1**731 : . 4*308 3,034 * 1,719* 2,906 2,101 1,305 2,790 1,039 2,679 Other assets 90,733 6,150 23,060 6,864 9,629 5,732' 4,035 11,291 4,325 2,75? 1*,556 3,593 8,71*1* - --j----- TOT^L ASSETS ♦Less than $500. l/ After deducting $29,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis