H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form i * R* 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning. Mar, 2£$ 'of the Federal Reserve System not earlier. March 2$, 19U3 CONDITION OF THE FEDERAL RESERVE BANKS During the ’week ended March 21* member bank reserve balances decreased $1i32,000P000• Reductions ^in .member bank reserves arose from decreases of $1419,000,000 in Reserve Bank credit and $15,000,000 in gold stock, and an increase of $60,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by decreases of $50,000,000 in money in circulation and $6,000,000 in Treasury cash, and an increase of $5,000,000 in Treasury currency. Excess reserves of member banks on March 21* were estimated‘to be approximately $1,630,030,000, a decrease of $500,000,000 for the week.. There was a decrease of $316,000,000 in holdings of United States Govern­ ment securities* Certificates of indebtedness decreased $¿169,000,000, bonds $67,000;000, and notes $30,000,000, while bills increased $250,000,000. Changes in member bank reserve balances and related items during the week and the year ended March 21*, 191*3, were as follows: Increase or decrease since Mar. 21*, Mar. 17, Mar. 25, 191+5 19U3 19U2 (In millions of dollars) Bills discounted 10 — + 1* U# S. Government direct obligations 5,908 - 316 +3, 668 U. S. Government guaranteed obligations 1*2 -- + 38 Industrial advances (not including 12 million commitments - March 21*) 13 + ' 1* Other Reserve Bank* credit 307 - 102 + 2k0 Total Reserve Bank credit 6,280 - Ù19 ♦5,951+ Gold stock 22,^5 - 15’ - 89 Treasury currency 3,931+ + 5 710 Member bank reserve balances 13,08k - 1*32 + 557 Money in circulation 16,065 - 50 *h,603 Treasury ‘cash 2,218 6 + 1+3 Treasury deposits with F. R. Banks 6 — - 1*66 Nonmember deposits and other F.R.accounts 1,1*86 + 60. - 162 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 21*, 19U3 (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. flûtes in actual cir­ j culation 12,607,686 923, 531* 2,795,683 895,106 1,171*, 020 809,111* 593,937 2,1*89,731+ 535,697 320,703 1*1*6,299 267,689 1,351+, 165 Deposits* Member bank-reserve acct. 13,081**369 681*,129 1*, 617,116 677,752 1,120,1*32 530,009 50ì*,698 1,91*1,21*9 1+1+1+, 572 269,208 521,229 1*33,659 1,290,316 U.S.Treasurer-general acct. 5,711 531 • 17 176 513 587 269 1,028 566 277 561 563 623 Foreign 899,682 26, *1*2 1/1*1*0^085 71,829 69,561 32,512 26, li 63 92,2lil* 22,683 16,631* 21,171 .22,683 57,675 Other 285,280 6,633 112/839 12,972 55,638 11,810 3,310+ 2*757 12,108 9,805 7,637 l+,699 1+5,038 Total deposits Ili, 27.5,01*2 717,1*35 5,170,057 762,729 1,21*6,11*1* 571*,913 531+, 771+ 2,037,278 1+79,929 295*921+ 550,598 511,601* 1,393*652 Deferred availability items 1,287,713 92,767 . 261, 21*8 77,513 11*6,617 109,165 63,116 181,020 57,721 25,91+6 61*, 601 56,171 151,328 Other liabilities-including accrued dividends 3*837 U,32'ß 1,(56 363 1*97 1*30 208 313 191 171 266 200 311+ TOTAL LIABILITIES 23,179,273 1738,OÓii 8,228,Olili 1735,711 2,567,278 11ì93,627 1192,035 lu703,81*5 1073,533 61*2,71*9 106l,761i 837,661* 2,899,959 CAPITAL ACCOUNTS Capital paid in 11*6,911 9,530 53,667 11,681 15,226 5,931; 5,270. I6,li32 li, 600 3,165 •l+,793 1+.1+93 12,120 Surplus (Section 7) 160,1*11 H,l6o 58 ,.001 15,670 il*, 767 5,236 5,725 22,925 li, 966 3,221 •3,613 li, 083 11,Olili Surplus (Section 13b) 26,829 2,871* 7,070 li,393 1,007 3,21*1* 717 1,1+29 530 1,000 1,137 1*307 2,121 Other capital accounts 71,1*16 lì, 278 19,912 li,995 6,81*8 3,1*1*1 3,205 11,li 02 3,162 3,221* 3,220 2,771+ i+,955 TOTaL LIABILITIES AND CAPITAL ACC GUKTS 28,581*,81*5 1765,906 8,366,69!* 1772,1*50 2,605*126 1511,1*32 1206,952 1*,761,033 1086,796 653,359 1071+,527 850,321 2,930,199 Commitments to make industrial advances 11,763 86 27 1,316 561 1,039 ilo — 1,685 2,706 — li,233 F. R. notes outstanding 13,253,160 971,897 2,937,5li7 923,603 1,220,1*77 81*6,1*57 650,869 2,570,298 568,169 327,595 1*66,891 300,070 1,1*69,287 Collateral for F.R. notes held by F.R.agentsj Gold certificates 12,953,000 9^6,000 2,960,000 850,000 1,230,000 737,000' 630,000 2,620,000 1*00,000 330,000 . Ii70,000 306,000 1,1*81**000 Eligible paper 7,31*0 3,1*1*0 3,650 150- 100 — — -- -- — — — U.S.Gov’t securities 505,000. 50,000 — 100,000 mm m* 125,000 30,000 ,-r 195,000 — 5,000 — — MATURITY DISTRIBUTION OF BILLS /¿ID' SECURITIES Within1 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. years Bills discounted 10,007 8,758 ' 1,01*9 200 . 1 -- -- -- -■* Industrial advances 12,670 8,357 21*2 Ili 5 • 569 1,023 955 699 130 — Ci. S# Government securities, direct and guaranteed 5,950,1*62 652,791+ 10i*,li52 907,262 766,977 351,010 lilil,200 352,500 308,571 1,565,696 l/ After deducting $U56,0o0,000 participations of other Federal Reserve 3anks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283a Released for publication Friday morning, March 26,19U3; n°t earlier* STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BaNKS COMBINED (In thousands of dollars) Increase or decrease since Mar. 2U, Kar, 17» Mar. 25, 19^3 19^5 I9k2 a. S. S E X S Gold certificates on hand and due from U. S. Treasury 20,392,661* - 1U,002. 9G.2U7 Redemption fund - F. R. notes U2,10U 1,269 + 29,081 Other cash 397,679 + 7.0U0 + 53,971 Total reserves 20,832,1*1*7 - 5, ¿93 - 7,195 Bills discountedi Secured by U. S. Gov’ t obligations, direct and guaranteed 7.505 + 2,335 + 2,137 Othvir bills discounted 2,502 * 2,521- 1,561 Totul bills discounted 10,00? 186 +' 3,693 Industrial advances 12,670 298 * U.,063 U. S, Government securities, direct and. guaranteed» Bonds 2,031,667 - 67.19U + . 529,931 Notes ' 935i.it75 - 30,203 ■292;975 Certificates 1,327,275 -U68.500 +li,327,275 Bills 1,556,01*5 +21*9,939 ♦1,,556,02*5 Total U. S. Government securities, direct and guarsjiteecT^ 5,950>1*62 -315.905 ♦3i,706,226 Totaj bills "and securities 5,973,139 -316.389 +3j,713,987 Due from foreign banks U7 — — F. R. notes of oth^r.ban.ks 70,613 .+ .8,150 + UU.03U Uncollected items 1,59^,956 -3UU.009 + 5U2,72U Bank promises 39,092 19 - i,59U Other assets 71*, 551 - 1.U75 + 31,761. TOTAL ASSETS 29., 581*, 81*5 -659.U3.5 ,323,717 L I A B I L I T I E S F. R. notes in actual.circulation 12,607,636 - U3.682 +kt ,0'52,U23_ Deposits* Member bank-res-erve. account 13-.Q8U.369 -U31.333 + 5.57,61U U.S. Treasurer-general account 5,711 356 1*66,786 Foreign 899,682 + 33,065 ♦ 172,92.7 other 235,-280 + 22,733 - 339,760 Total deposits iU,275.0U2 -375,31*1 - 76,005 Deferred availability items 1,287,713 -2U2,117 30.2,705 Other liabilities including accrued dividends 8,637 - 1,556 + U.6Uo TOT'LL LIABILITIES 28,179,278 --663,196 ‘+lrj,293,763 C a P I I a L A C C O U N T S Capital paid in ■ 1U6.911 2U + 3,628 Surplus (Section 7) 160,Ull — . + 2,909 Surplus (dqctiqn 13b) '2.6,829 — 4- Us Oth^r capital accounts 71.U16 + 3,735 + 23,369 TOTaL LIABILITIES aND CAPITAL ACCOUNTS 23.58U.8U5 -659.U35 ,323,"/17 Ratio of total rwscrves*to deposit and F. R. note liabilities combined 77-la* + 1.2?» - 13.9k Comr.itmcnts to make industrial advances 11,763 U66 - 2,601 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE B^NKS ON MaRCH 2l*, l$k3 (In thousands of dollars) SS E1S 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 20,392,66k 1183,055 6,159,255 1235,728 l,883,ii39 1017,299 853,528 3,562,255 615,220 ¿4,3,636 703,781 563,260 2,167,208 Redemption fund - F.R.notes lj.2,10l{. 2,k77 •1,587 5,302 852 8,111* 2,2kl 1,565 10,93k 98 659 697 7 »378 Other cash 397,679 kk,8k3 90,726 26,528 lili,7li3 19,706 18,859 53,501 18, li 60 8,317 12,736 10,818 1*8,41*2 Total reserves 20,832,kk7 1230,375 6,251,568 1267,558 l,93U,03li 10li5,ll9 37li,628 3,617,321 6I+I1,6lli li52^051 717,176 57k*775 2,223,228 Bills discounted: Secured by U* S. Gov’t obligations * direct and guaranteed 7,505 3,kk0 3*650 150 liO 100 — — — — 125 -- Other bills discounted 2,502 --- 1,068 239 230 108 88 305 75 55 70 75 190 Total bills discounted 10,007 3»kko , U»-718 388 270 208 88 305 75 55 70 200 I90 Industrial advances 12,670 991 608 li, 506 1,199 511i 367 79 7 290 369 29 3,7H u. 0. Government securities, direct and guaranteedr Bonds 2,081,667 153,.831 5U9,002 163,011 195,510 128,678 9^,102 259,900 100,339 6o ,-562 98,806 31,868 196,058 Notes 985,U75 72,82k 259,903 77,168 92,555 . 60,919 Wi,5li9 123,036 li7,502 28,669 1ì6,77ó 38,758 92,816 Certificates 1,327,275 98,083 350,oli5 103,937 I2li,658 82,01*5 59,999 165,713 63,976 33,6lli 62,999 52,199 125,007 Bills 1,556, oli 5 ¿9,11a 560,2149 58,li3li 67,000 , 53,399 31,792 355,570 15k,ksk 31,031 53,38li 25,962 89,599 Total U. S. Gov*t securities* direct and“ guaranteed 5,950,li 62 393,879 1,725,199 li02,550 li79,723 32 5, Olii 230,lili2 90li,219 366,311 158,876 261,965 198,787 503,li70 Total bills and securities 5,973,139 398,310 1,730,525 li07,lilili 1*81,192 325,763 230,897 • 90li,603 366,393 159,221 262,1*01* 199,016 507,371 ^ue from foreign banks k7 3 1/ 18 5 li 2 2 6 1 * 1 1 u F. R. notes of other banks 70,613 l,ii57 ri,538 2,197 3,271 8,538 6,860 8,683 5,k33 2,696 6,567 2,258 11,115 Uncollected items 1,59^,956 128,100 3kk,539 •8li,9lli 17!*, 108 121*, 3U7 89,612 217,929 6k, 315 35,893 82,002 70,221* 178,1*73 Bank premises ■39,092 2,712 9,787 li, 719 li, 298 3,03k 1,719 2,907 2,101 1,305 2,790 , 1,01*1 2,679 Other assets 7li,55l li,9a9 18,719 5,613 3,219 k,679 3,23li 9,581* 3,439 2,193 3,587 3,006 7,329 tot^l ASSETS 28,581*,91*5 1,765,9068,366,691; 1772,1*50 2,605,126 15U.U82 1206,952 U,761,033 1086,796 653,359 107^,527 850,321 2,930,199 ♦Less than $500. l / After deducting $29,000 participations of oth^r Federal Reserve Banks*. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis