H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. Ri 233 STATEMENT FOR THE. PRESS Released for publication Board of Governors Friday morning', ¿¿ar. 19; of the Federal Reserve System not earlier. March 18, 191*3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 17 member bank reserve balances increased $39k,000,090. Additions to member bank reserves arose from increases of $309»000,000 in Reserve Bank credit and $8,000,000 in Treasury currency and decreases of $90,000’,000 in money in circulation and $29,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by a decrease of . $31**000,000 in.gold stock and an increase of $6,000,000 in Treasury cash. Excess reserves of member banks' on March 17 were estimated to be approximately $2,130,000,000, an increase of $250,000,000 for the week. There was an increase of $176,000,000 in holdings of United States Govern­ ment securities. Certificates of indebtedness increased $375*000,000 while bonds decreased $103*000,000, notes $76,000,000 and bills $20,000,000. Changes in member bank reserve balances and related items during the week and the year ended March 17, 19^*3» were as follows? Increase or decease since Mar. 17* 'Mar, 10, Mar, 18, 191*3 191*3 191*2 (In millions of dollars) Bills discounted . 10 + 1 > 1* Ü. S. Government direct obligations 6,221* ♦ 179 +3*979 U. S. Government guaranteed obligations k2 - 3 + 3B Industrial advances(not including 12 million mm commitments - March 17) 13 + k Other Reserve Bank credit 1*09 + 131 ♦ 322 ^otal Reserve Bank credit 6,699 + 309 +l**3i*8 Gold stock 22,610 - 31* - 76 Treasury currency 3,979 + 8 + 706 Member bank reserve balances 13*516 + 39k ♦ 577 Money in circulation 16,115 - 90 ♦l*,6Ul Treasury■cash 2,22k ♦ 6 ♦ 56 1'roasury deposits with F. R. Banks 6 + 1 - 53 Nonmember deposits and other F,R. accounts 1*1*26 - 29 1 CvJ 3 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 MARCli 17, I943 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rieh. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual cir­ culation 12,651,368 926,083 2,797,526 897,228 l ,174,loo 810,910 598,954 2,503,572 537,232 320,635 447,710 272,250 1,365*168 Deposits-: Member bank-reserve acct.15,515,702 709,970 4,698,233 701,906 1,171,724 570,0c9 533,108 1,989,661 449,836 275,628 538,712 502,313 1,374,042 U.S.Treasurer-general acct. 6,067 520 72 175 821 529 558 586 194 521 485 566 1,040 Foreign 866,617 23,812 1/427,019 68,898 66,723 31,186 25,384 88,480 21,757 15,955 20,307 21,757 55,339 Other 262,497 8.236 100,415 11,725 54,911 10,253 3,238 2,735 12,213 9,226 3,170 5,008 41,382 Total deposits 14,650,803 742,538 5,225,739 782,704 1,294,179 612,022 562,283 2,081,462 434,000 301,550 562,674 550,144 1,471,805 asl ,529,330 97,712 312,648. 100,669 197,172 132,050 72,446 228,728 71,732 29,575 75,969 55,575 159,704 ■^■g ___10,393____5,631 1,146 364 467 710 195 665 170 165 597 156 299 TOTAL LIABILITIES 28,842,474 1772,014 8,337,059 1780,965 2,665,918 1555,^2 1233,883 4,014,425 1093,134 651,705 1034,750 855,905 2,996,974 CAPITAL ACCOUNTS Capital paid in 146,935 9,550 55,679 11,695 15,259 5,954 5,266 16,451 4,597 3,165 4,794 4,495 12,114 Surplus (Section 7) 160,411 11,160 56,001 15,670 14,767 5,256 5,725 22,925 4,966 3.221 3,615 4,035 11,044 Surplus (Section 13b) 26,029 2,374 7,070 4,393 1,007 5,244 717 1,429 550 1,000 1,137 1,507 2,121 Other capital accounts 67,631 4,002 13,865 4,694 6,494 3,223 5,055 10,960 2,955 3.115 3,015 2,658 4,641 TOTAL LIABILITIES AND _ CAPITAL ACCOUNTS 29,244,280 1799.580 8,474,672 1817,415 2,703,425 1575,529 1248,626 4,366,170 1106,250 662,206 1097,507 368,426 5,026,894 Commitments to make industrial advances 12,229 86 27 1,904 551 1*021 110 1 — — 1,685 — 2,626 - - 4,239 F. R. notes outstanding 15,251,142 964,879 2,927,868 926,631 1,221,352 845,536 647,820 2,570,675 569,008 527,325 462,347 299,445 1,467,260 Collateral for F.R.notes held by F.R.Agents: Gold certificates 12,945,000 923,000 2,960,000 850,000 1,250,000 757,000 650,000 2,620,000 400,000 550,000 470,000 306,000 1,434,000 Eligible paper 7,505 2,500 4,9.05 100 — — — " - - — — — *“ mm mt U.S.Gov’ t securities 505,000 50,000 — 100,000 125,000 50,000 195,000 5,000 - - MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 6l 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 10,193 3,787 5,263 1,130 11 2 Industrial advances 12,968 8,851 224 157 654 999 1*147 757 179 U. S'. Government securities, direct and guaranteed 6,266,367 1,107,542 30,424 853,886 635,854 338,800 440,700 360,100 852,171 1,651,890 l / After deducting $458,495,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. E. 283a Released for publication Friday morning, March 19,191*3; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( In thousands of dollars) Increase or decrease since Mar. 17, Mar. 10, Mar. 18, 191+3 19U3 191*2 A S S E T S Gold certificates on hand and due from U. S. Treasury 2o,1*06,666 - 36,512 - 87,21*7 Redemption fund - F. R. notes 1*0,335 137 + 27,1*06 Other cash 390,639 + 21,136 + 52,082 Total reserves 20,833, lliO - 15,513 7,759 Bills discounted: Secured by U.S. Gov’ t obligations, direct and guaranteed 5,170 - 1,110 91*1* Other bills discounted 5,023 + 2,555 + U/697 Total bills discounted 10,193 • + 1,1*1*5 + ■ 3,75? Industrial advances 12,966 351 + l*,;l*ll* U# S. Government securities, direct and guaranteed; Bonds 2,11*3,861 -103,221* + 592,375 ¡votes. 1,015,675 - 75,600 + 323,175 Certificates 1,795,775 +37U,900 +1,795,775 ■ Bills 1,306,056 - 19,820 +1,306,056 Total U. S. Government securities, direet anci guaranteed 6,266,367 +176,256 +1*, 017,381 Total bills and securities 6,239,528 +177,350 +1*, 025,51*8 'Due from foreign banks 1*7 F. R. notes of other banks 62,1). 63 + 19,821 + 31*, 726 Uncollected items 1,938,965 '+577,300 + 1*38,132 Bank premises 39,1H — 1,595 uther assets 76,026 - 16,863 + 33,968 total Assets 29,21*1*, 280 +71*2,595 +1*, 523,020 L I A B I L I T I E S F. R. notes in- actual circulation 12,651,368 - 53,968 +1*, 091*, 1*95 Deposits 3 Member bank-reserve account 13,515,702 +39l*,07l* + • 576,371* U.S. Treasurer-general accounts 6,067 + 1,259 - 52,792 Foreign 866,617 - 30,203 + 125,078 Other 262,1*97 - 20,165 - 36?, 150 Total deposits 111, 650,883 +3l*l*,965 + 279,510 Deferred availability items 1,529,830 +1*1*6,933 + 116,318 Other liabilities including accrued dividends 10,393 + 1,381 + o,067 TOTAL LIABILITIES 28,81*2,1*71* +739,811 +i*,l*96,390 c a p i t a l a c c o u n t s Capital paid in 11*6,935 + 22 + 3,712 Surplus (Section 7) 160,1*11 + 2,909 Surplus (Section ljb) 26,329 -- + 1*8 Other capital accounts 67,631 + 2,762 + 19,961 total liabilities and capital accounts 29,214*, 280 +71*2,595 +1*, 523,020 Ratio of total reserves to deposit and F. R. note liabilities combined 76.3% - .9% - ll*. Commitments to make industrial advances 12,229 + 301* 2,025 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F«rm F. R. 283b STATEMENT OF, CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 17, 19^3 ( In thousands of dollars) A S S E T S Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis iuinn. Kans.Cy. Dallas San Fran. Gold.certificates on hand and due from U. S. Treasury 20,1*06,666 1183*U07 6, 191^03 1215,226 1,856,857 1026,¿¿52 369,721* 5,561,651* 619,953 ¿456,915 709,651* 562,013 2,170,1*00 Redemption fund - F.R.notes 1;0,835 2,51*3 1,852 5,1*55 957 7,006 2,506 652 10,962 107 631 715 7,616 Other cash 590,639 1*5,659 86,362 26,519 1*14,1427 20,176 13,397 55,1*11* 17,5U5 3,315 11,662 9,851* 1*9,555 Total reserves 20,333,11*0 I2§9,6ll* 6,230,117 1250,198 1,902,221 10.53,651* 890,927 5,615,720 61*8,1*65 1*1*5,555 721,997 572,567 2,227,31*9 Bills discounted* Secured by U. S* Govft obligations* direct and guaranteed 5,170 -- 1*,905 100 1*0 — — — — — 125 -- Other bills discounted 5,025 2,500 1,068 258 251 108 33 505 75 55 70 75 190 Total bills discounted 10,195 2, 500. 5,975 338 291 108 38 505 75 55 70 200 190 Industrial advances 12,963 965 608 I4,668 1,229 561* 583 72 7 280 1*1*9 29 5,7H U. S. Government securities, direct and guaranteed: Bonds 2, lli8,06l 153,738 566,979 163,312 201,875 152,750 97,109 268,171 105,551* 62,550 102,002 8li,502 202,289 Notes 1,015,675 75,052 267,933 79,552 95,1*20 62,71*5 1*5,901 126,752 1*8,91*5 29,555 1*3,210 59,91*1 95*6114 Certificates 1,795,775 152,697 1*75,817 1140,656 168,701* 110,957 81,155 22Ì4,108 86,539 52,255 85,21*2 .70,617 169,050 Bills l,5o6,056 1*5,367 1*50,383 52,295 60,201 1*2,566 27,501* 552,550 121*, 795 21*525 35*871 25,106 109,515 Total U# S. Govrt securities, direct and guaranteed 6,266,567 1*12,J|Ql* 1759,667 14140,815 526,200 .51*3,798 251,667 951,561 565,355 165,865 271,525 213,166 576,268 Total bills and securities' 6,239,523 1*15,367 171*6,2143 UU5.821 527,720 51*9,1*70 252,11*5 951,753 565,915 166,198 271,31*1* 213,595' 530,169 .Due from foreign banks )i7 5 1/ 13 5 1* 2 2 6 1 * 1 1 1* F. notes of other banks ¿g » (A 1,231 3,537 2,1459. 2,91*0 3,1400 6,119 7,923 14,968 2,105 6,653 .2,1412 3,605 uncollected items 1,950,965 11*1*,951 • 1410,700 108,1456 257,367 151**053 91**1*17 273,2147 85,239 l*5,ol*5 90,376 70,956 200,625 Bank premises 39,111 2,712 9,737 l*,73l 1**503 5,051* 1,719 2,906 ’ 2,101 1,305 2,790 1,059 2,679 Other assets 76,026 5,172 19,215 5,71*5 8,557 1*, 751 5,299 9,625 5,1495 2,222 5,61*6 5,056 7,1*65 TOTAL ASSETS 29,21414,2301799,580 3,1+7^,672 1817,1*15 2,703,1*25 1573,329 121*8,626 li,366,170 1106,230 662,2061097,307 360,1*26 3,026,89!* ♦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