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, April 2j of the Federal Reserve System not earlier. April 1, 19^3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 31 member bank reserve balances decreased $325,000,000. Reductions in member bank reserves arose from .'increases of $187,000,000 in money in circulation, $1+9,000,000 in Treasury deposits with Federal Reserve Banks and $1+,000.,000 in Treasury cash and decreases of $89,000,000 in Reserve Bank credit and $19*000,000 in gold'stock, offset j.n part by an increase of $5,000,000 in Treasury currency and a decrease of $17,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member bankson March 31 were estimated to be approximately $1,520,000,000, a decrease of $ll0,0CQ,0d0 for the week. There was a decrease of $31,000,000 in holdings of United States Government securities. Certificates of indebtedness decreased $477,000,000, bonds $74,000,000 and notes $10,000,000, while bills increased $530,000,000. Changes in member bank reserve balances and related items during the week and the year ended March 31, 19^3, were as followsj Increase or decrease since March 31, March 2]+, April 1, 19^3 I9U5- 19U2 (In millions of dollars) Bills discounted •13 + 3 + 1+ U. S. Government direct obligations 5,377 - 31 +3,537 U. S. Government guaranteed obligations •1+2 . -*• + 30 Industrial advances (not including 13 mi .on commitments - March 31) 13 — + 1+ Other .Reserve Bank credit 21+7 - 60 + 170 Total Reserve Bank credit 6,191 - 89 +3,852 Gold stock 22,576 - 19 - 95 Treasury currency 3,990 + 6 + 713 ■Member bank reserve balances 12,759 : -325 + 263 Money in circulation 15,252 +187 +4,659 Treasury cash 2,222 + h + 35 Treasury deposits with F, R, Banks 5jj5 + 19 - 307 Nonmember deposits and other F.'R. accounts 11,,11++6699 - 17 - 180 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form J. R. 233c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS' ON MARCH 31, I9I4.3 (In thousands of dollars) L I A B r L I T I E S Total Boston New York Phila» Cleve, Rich. Atlanta Chicago St.Loui s Minn. Kans*.Cy. Dallas San Fran. F. R. notes in actual cir­ culation 12,753,496 925,686 2,821,925 899,020 1,176,539 321,352 619,551 2,506,261 544,324 323*036 455,875 234,890 1,379*137 Deposits t Member bank-reserve acct.12,759»300 649,881 4,590,346 654,449 1,109*260 507,625 491,431 1,791*026 442,434 276,045 526,606 465,460 1,254,737 U.S.Treasurer-general acct. 54,843 515 50,332 98 563 526 252 337 247 243 294 193 638 Foreign 879f395 27,116 lA3.1,6l5 69,716 67,514 31*556 25,685 09„530 22,015 16,145 20,548 22,015 55*940 Other 287,005 5,904: 115,995' 12,399 57,161 12,132 3,376 3,093 10,229 ■9,799 11,065 3,472 41,325 Total deposits 13,980,623 683,496 5,133,330 737,162 l f232i,2i9S 551,339 520,744 1,334,491 474,925 302,237 553,513 4.91,140 1,353,190 Deferred availability items 1,191,683 103,749 253,030 75,035 132,912 95,172 53*775 183,539 56,964 22,022 53,973 39*10o 122,406 other liabilities including accrued dividends 5,5ö2 689 1,265 377 475 437 197 739 241 153 456 127 371 TOTAL LIABILITIES 27,936,384 1713,620 3,264,558 1712*394 2,544,424 1460,900 1194,267 4,575,030 1076,454 647,503 •1068,317 815,203 2,855,154 CaPITaL ACCOUNTS Capital paid-in 140,911 9,520 53,667 11,6-35 15,226 5*934 5*271 16,434 4,600 3..166 4,794 4,494 12,120 Surplus (Section 7) 160,411 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) 20,329 2,874 7,070 4,393 1,007 3*244 717 1,429 530 1,000 1,137 1,307 2,121 other capital accounts 76,083 4,644 21,209 5*331 7,284 3*694 3*409 11.927 3,372 - 3,355 3,463 2,932 5,408 TCTaL LIABILITIES AND CAPITAL ACCOUNTS 23,34*6,613 1741,813 3,404,505-1749»523 2,532,708 1437,008 1209,389 4,627,745 1089,922 653,245 1031,829 828,079 2,385,347 Commitments t.o make industrial advances 13,143 1,024 27 1,497 544 1,042 108 1,635 --- 2,941 --- 4,275 F. R* notes outstanding 13,314,525 976,774 2,944,992 926,706 1,222,707 350,236 661,003 2,576,955 571,632 329,277 469,434 309,706 1,475,043 Collateral for F.R. notes held by F,R.Agents j Gold certificates 12,993,000 936;, 000-2,960,000 850,000 1,230,000 737,000 64-5,ooo 2,620,000 400,000 330,000 470,000 316,000 1,504,000 Eligible paper 3,055 2,525 5r?i5: ’ 215 — — — — ■— — -- »- -- U.S.Gov* t securities 505,-000 50,000. — 100,000 — 125,000 30,000 — 195,000 -- 5,000 — MATURITY DISTRIBUTION OF BILLS .AND 8ECURITIES Within I6 to 31 to 61 to 9I daySi 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 12,721 11,422 999 300 — - - rnm «■* -- — Industrial advances 12;658 9j.199 173 144 326 1*155 795 685 181 -- U. S. Government securities, direct and guaranteed 5,919,130 92,956 268,11*0 1,171,939 822,318 4-75,010 446,700 34-8,500 8204671 1,472,896 After deducting $443,508,000 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, April 2,191+3; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Mar. 31, Mar, 21+, Apr. 1, 19U3 19t*3 19U2 A S S E T S Gold certificates on hand and due _ from U, S, Treasury 20,371,U12 - 21,252 95,501 Redemption fund - F. R. notes ill. 990 111+ + 29,01+1+ Other cash 371,270 - 26,1+09 + 1+9,221 Total reserves 20,7QU,672 - ¿+7,775 * 17,236 Bills discounted* Secured by U. S. Gov’ t obligations, direct and guaranteed 10,220 + 2,715 + 2,699 Other bills discounted 2,501 1 972 Total bills discounted 12,721 + 2,71i+ + 3,671 Industrial advances 12,658 12 + 3,91U U. S. Government securities, direct and guaranteed: Bonds 2,008,367 - 73,300 + 1+56,631 Notes 97l+, 575 - 10,900 + 282,075 Certificates 81+9.675 *1+77,600 + 81+9,675 Bills 2,086,513 +530, ¿+68 +2,,086,513 Total U. S. Government securities, direct and guaranteed 5,919,130 - 31,332 +3<,671+, 89I+ Total bills and securities 5>9Ui,509 - 28,630 +3/,682,1+79 Due from foreign banks 1+7 F. R. notes of other banks 65.iU3 - 5.U70 ♦ 1+2,285 Uncollected items 1,¿¿38,578 -156,378 + 1+21,817 Bank premises 39,057 35 - 1,570 Other assets 7U,612 + 61 + 30,655 TOTAL ASSETS 28,316,618 +238,227 +Ui,158,1+30 L I A B I L I T I E S F. R, notes in actual circulation 12,758,¿+96 +150,810 ,102,626 Depositsj Member bank-reserve account 12,759*300 -325,069 + 263,165 U. S, Treasurer-general account 5U,8i+3 + ¿+9,132 - 307,1+65 Foreign 879,395 - 20,287 4* 131,1^8 Other . 287,085 + 1,-805 319.157 Total deposits 13,980,623 -29 ¿+,1+19 - 232,009 Deferred availability items 1*191,683 - 96,030 + 251,816 Other liabilities including accrued dividends 5,582 - 3,255 + 1,355 TOTAL LIABILITIES 27,936,38U *21+2,891+ +h,123,788 C A P I T A L A C C O U N T S Capital paid in 11+6,911 «Ml«» 3,583 Surplus (Section 7) 160, i+11 + .2,909 Surplus (Section 13b) 26,829 + 1+8 Other capital accounts 76,083 + 1+, 667 + 28,102 TOTAL LIABILITIES'hND CAPITAL ACCOUNTS 28,3^6,618 -238,227 +1+,158,1+30 Ratio of total reserves to deposit arid F. R. note liabilities combined 77.7% + ,2fo - •13.3% Commitments to make industrial advances 13,1^3 + 1,380 - 900 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

r'orra F, R. 203b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ® MARCH 31, lyh3 (In thousands of dollars) s S E T S a Total Öostön Neto Yörk Phi la. C . l é ì vé. • Rich. Atlanta Chicago St.Louis Minn.' Kans.Cy. .Dallas San Fran. Gold certificates on hand and due from TJ. S. Treasury 20,371,1*12 1187-,6BO-6,07U,631 123U,198 1,8^2,120 1028,803 ' 887,li30 3,536,61i2 6lli,02h li72,131 753,1*80 576,1.17 2,133,806 Redemption fund - F.R.notc>S ; ;lil,990 2, li 19-; 1,385 6,182 ;786 ! 7,lil5 2,186 1,1*95.. 10,912 •3i*l 6U2 683 7,5lili other cash 371,270 1*0,11*6 86,032 21ì,9 hh 1ì2;799 ; 20,125 18,009 1*9,851*. 16,977; 8, li 57 12,075 9,626 li2,226 ... i Total reserves 20*78li,672 1230,245 6,162,ó1ì8 1265,32li 1,9351705 lp56,3U3 907,625 .3,587,991 6U-1,913 1ì80,>'79 71*6,197 586,726 2^183,576 Bills discounted: secured by U.S. Govf t obligations,. direct and guaranteed 10,220 2,525 5,315 215 Uo — 1,000 1,000 — — — 125 -other bills discounted 2,501 — 1,068 238 230 108 37 305 75 55 70 75 I90 Total bills'"discounted 12,721 2,525 6,383 1ì53 270 108 1,007 1,305 75 55 70 .200 190 Industrial advances 12,658 1.461' 608 li, 299 1,131 512 370 69 7 215 I3li 29 3,773 U, S. Government, securitie s, direct and. 'guaranteed: ¿onds 2,008,367 lli8,372 530,958 157,li 68 188,903 123,731 90,61ì0 250,156 96,685 58,li9l* 95,351 78,9li5 188,66!i i\i otes 97li,575 72,001 257,653 76,4 Ili 91.667 60,0li0 1ì3,982 121,389 1ì6,917 28,381ì 1ì6,272 38,306 91,550 Certificates'' 349.675 62,771 2214,631 66,619 79,919 52,3li7 38,31*7 105,833 1ì0,901ì 21ì,71ì7 Ii0,3li0 33,399 79,818 ¿ills 2,086,513 89,329 863,157 82-006 89,.73lì 69,568 li8,7l*li 338,1ì1ì2 1QQM 31,11*2 70,371 33,197 182,079 - > * : Total U. S. GövVt securities, direct and guaranteed 5,919.130 372,li73 1,876,'39? 382;507- '1*50,223. ' 305,-686 •221,713 S.15, ago. 373.250. Iii2,767 252,334 183,81*7 .5^2,111 Total bills and securities 5,9^.509 376,159 l,Bp3‘,390 387,25? 1ì51>67|ì. 306,306, 223*170 §17,191* 373,332 11*3,037 252,538 I8li,076 51ì6,071ì Due from foreign banks hi. 3 1/. 18 ■5- 1*. 2 2 6 1 * 1 i i* s F. R. notes of other banks 65,11*3 1,572 ¡9,707 2; lèi’ 2,1*32 .7.971 5,922 7,355 4,579- i.:583 7,069 2,288 . 12,48li Uncollected items l,li30,578 125,30li' 320,719 ali >378 180,338 108,612 .67,705 202,691 61|, li 63 2^,,131 69,597 50,967 l'3li,183 Bank premises 39,057 2,708 9,788 li,719 li, 298 3,030 '1,715 2,902 2,099 1,502 2,790- 1,033 2,673 Other assets 7 li, 612' 1 5,027 18,835 5,657 8.» 2 57. li* 7i*li; 3,250 9,606 3,535 2,213 3,61i7 2,980 6,853 TùTaL AàSüTS 28,346,618 .171*1.318 3,l;0li,505 17ii9v523 2,;5Q2,70Ô;' ll|07,008 1209,389 li,627,7l;5; 1089,922 653,21]5 1031,329 823,079 2,085,0li7 *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