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 9; of the Federal Reserve System not earlier. April 8, 191*3 CONDITION OF THE FEDERAL RESERVE BANKS- During the week ended April 7 member bank reserve balances increased $351*000,000. Additions to member bank reserves arose from increases of $657,000,000 in Reserve Bank credit and $4,000,000 in Treasury currency, offset in, part by increases of $153,000,000 in Treasury deposits with Federal Reserve Banks, $101,000,000.. in money, in circulation, $8,000,000 in npnmember deposits and other Federal Reserve accounts and $7,000,000 in Treasury cash, and a decrease of $35,000,000 in gold stock. Excess reserves of member banks on-April j were estimated to be approximately $1,930,000,000, an increase of $460,000,000 for the week. There was an increase of $630,000,000 in holdings of United States Govern­ ment securities. Bills increased $41*6,000,000, certificates $13!* ,000,000, bonds $1*1*, 000,000, and notes $6,000,000. Changes in member bank reserve balances and related items during the -week and -the year ended April 7» 191*3« Increase or decrease since April 7. March 31» April 8, I9i*3 I9b3 19U2 (In millions of dollars) Bills discounted 13 __ + 6 U. S. Government direct obligations 6,1*97 + 620 +1*..258 U, S,. Government guaranteed obligations 52 + 10 + 1*8 Industrial advances(not including 13 million commitments - April 7) 13 — + 3 Other Reserve Bank credit 273 V. 26 + 11*9 Total Reserve Bank credit 6,31*3 + 657 ..+4,1*61* Gold stock 22,51*1 - 35 - 131* Treasury currency 3.99U + 1* + 715 Member bank reserve balances 13,110 + 351 + 395 Money in circulation 16,353 + 101 +l*,7l*3 Treasury cash 2,229 + 7 + 52 Treasury deposits with F.R. Banks 213 - + 153 + 23 Nonmember deposits and other F.R. accounts 1,1*77 + 3 - 168 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

form P. ft. 283'S TATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS' ON APRIL 7, 1943 (In thousands of dollars) LI A B I L I T I BS Total Boston- New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F„ k.' notes in actual circulition . 12,039,092 - 930,556 2, S39.,l*15 905,372 1181,1*71* 825,203 629,3882,519,570 51*6,791* 325,779 1*58,1*59 281*,881 1,392,193 Deposits; iiiGitiber bank-reserve acct. 1^110,156 • 066,203 u,521,142 683,967 1107,666 527,628 510,326 2,077,¿U3 1*39,76? 276,721 535,351 1*90,105 1,273,365 U.S.Treasurer-general" acct. 213,257 248 208,838 162 561 237 27ii 1,039 516 271 503 HI 1*97 Foreign ' 876,1*20 30,226 lAll*,337 71,568 69.307 32,39lt 26,367 91,908 22,600 16,571* 21,09!* 22,600 57,lil*5 other 293,96!* 6,61*6 ~ 125,297 11,150 51*,339 13,179 3,621 3,579 11,383 9>3l*Q 3,139 2,673 52,613 Total deposits 14,1*98,797 703,323 5,269,611* 766,81*7 1231,873 573,1*38 51*0,538 2,175,939 1*71*,273 302,906 560,097 515,1*89 l,33l*,l*20 Deferred availability items^073,592 93,019 229,77!* 65,738 113,1*1*2 87,11*1* 1*6,31*1 153,836 52,915 22,032 61*,0l*5 39,1*1*1* 105,362 Other liabilities including accrued dividends 6,133 6?1* 1,576 1*31 573 1*63 231 901 221* 175 287 161* 1*19 total LIABILITIES 28,1*22,619 1727,992 8,31*0,379 1733,388 2,527,36211*86,21*8 1216,5l*Q 1*,855,251* 107l*,2o6 650,892 1082,878 839^978. 2,832,391* CAPITAL ACCOUNTS Capital paid in 11*6,906 9,519 53,651* 11,685 1155,,222299 55,9,9313*1* 55,2,27711 1166,1,1*3*355 11**,6,60000 33,1,16666 11*,*7,79955 l*l.*l,*l9*l9*l * 12,121* burplus (Section 7) l6o,4li 11,160 53,001- 15,670 llll**,,776677 55,,223366 55,7,72255 2222,9,92255 4l,t9,96666 33,2,22211 33,6,61133 11*,*0,03333 11,01*1* Surplus (Section 13b) 26,829 2,871* 7,070 1*,393 11,,000077 33,2,211**11** 71771 7 1,11*,219* 29 53503 0 1,010,000 0 1,113,173 7 1,310,370 7 2,121 other capital accounts 76,890 k& h 21,474. 5,1*1*5 77,,337733 33,,773377 3,1*1*03,1*1*0 12,01152,015 3,1*123,1*132 ,3013,30 13 ,1*883,1*828, 9622,962 5,1*69 TOTAL LIABILITIES AND 1 ~ CAPITAL ACCOUNTS 28,833,655 1755,839 8,1*80,573 1775,531 >65,733 I50l*,399 1231,701 4,908,053 1087,711* 661,660 1095,911 052,824 Commitments to make industrial advances 13,322 1,017 27 1,514 553300 11,,0-09922 108 108 -- " 1,7831,703 ~ 3,0313,03—1 — 220 F. R. notes outstanding 13,369,115 975,081* 2,957,986 930,901* 1,224,978 852,1*36 666,l6i 2,589,1*89 573,321 331,761* 1*72,729 3H,598 1*1*82,615 Collateral for F.R. notes held by F.R.Agents: Gold certificato.s 13,046,000 936,000 2,985,000 35o,ooo 1,230,000 7l*7,ooo 645,ooo 2,620,000 400,000 335,000 ...475*000 319,000 150l*,000 Eligible paper , . 10,115 1,775 7,325 465 — 50 — — — — — ~ U.S. Gov’ t securities 505,000 _5Q,000 — 100,000 — 125,000 30,000 — 195,000 — 5,000 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 61 to 9I days to 6 months l to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months tc> 1 year y^ars ‘year* 5 years Bills discounted 13,230 5,653 6,752 175 700 ' — — — — Industrial advances 12,91*7 9,619 279 206 242 1,016 733 675 177 -- U. S. Government securities, direct and guaranteed 6,51*9,022 226,539 533,967 935,628 1,026,770 521*, 050 562,400- 31*3,100 377,621 1,453,91*6 l / After deducting $455,166,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. 'K, 28$a heleased for publication Friday morning, April 9,1943» nD^ earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BRINKS COMBINED (In thousands of dollars) Increase or decrease since April 7» March 31, April 8, 1943 19Ji3 1942 A S S E T S Gold certificates on* hand and due • from U. S, Treasury 20,337,416. - 33.996 - 136,495 Redemption fund - F. K* notes 1*0,703 - i,232 + 26,690 Other cash 361,702 - 9,568 + 33,794 Total reserves 20,739* 326 - I4J4., BU6 - 76,011 Bills discounted* Secured by U. S. Gov’ t obligations, direct and guaranteed 12,23.0 + 2,060 + 6,874 Other bills discounted •1,000' - 1,501 .442 Total bills discounted 13.230. + 559 + 6; 432 Industrial advances 12,947 + 239 3,311 U. S. Government securities, direct and guaranteed: Bonds 2,051,967 + 43,600 + 501,231 Notes 930,675 + 6,100 + 283,175 Certificates 933,375 +133,700 + 933,375 Bills 2,533,004 +446,491 *2,533,004 Total U, S, Government; securities, direct' and 'guaranteed 6,5149,021 +629,89! +4,305,735 Total bills and s'ecurities 6,575,243 +630,739 +4,315.523 Due from foreign banks ■ 4? F, R. notes of other banks 51,676 - 13,467 . + 25,369 Uncollected items 1,351,059 - 37j, 519 + 356,600 Bank premises 39.031 - ; 26 l,6o4 Other assets 76,7.63, +; 2,145* . + . 32,157. TOTAL ASSETS 23,333,655 +437,026* +4,652,539 L I A B I L I T I E S F. R. notes in actual circulation 12,339,092 + 30,596 +4,164,775 Deposits* Member bank-reserve account 13,110,156 +350,356 + 394,710 U.S. Treasurer-general account 213,257 +153,414 + 22,779 Foreign 876,420 - 2,975 + 153,770 Other 2’98>9-61i- +• 11,879 - 328,796 Total deposits 14,493,797 +513,174 + 242,463 Deferred availability items 1,073,592 -113,091 + 208,091 Other liabilities including accrued dividends* ,*1 6,133 +. 55.6 + 1,321 TOTaL LIABILITIES 23,422,619 +436,235 +4,617,150 C A P I T a L a c c 0 u n t s Capital paid in I46i906- 5 + 3,517' Surplus (Section 7) 160,4H -- + 2,909 Surplus (Section ljb) 26,329 «■*» + 48 Other capital, .accounts 76,390 + 796* + 28,915 TOTAL LIABILITIES AND CAPITaL ACCOUNTS 23,333,655' +437,026* +4,652,539 Ratio of total reserves to deposit and F. R. note liabilities combined 75.9% 1.3% 14.9% Conanitments to make industrial advances 13,322 179 150 *lar* 31 figures revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b statement of condition of the federal reserve banks on april 7, 1943 (In thousands of dollars) A S S E T S Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 20,337,416 1179,459 6,003,817 1249,925 1,863,374 1029,808 871,955 3,630,732 610,522 462,290 752,146 582,944 2,120,644 Redemption fund - F.R.notes ÌiO>708 2,359 1,165 6,072 719 6,822 2,129 1,417 10,891 533 625 666 7,510 Other cash 361,702 35,680 86,946 25,144 42,745 18,136 15,635 48,191 16,855 7,821 12,586 9,515 42,672 Total reserves 20,739,026 1217,498 6,091,928 1281,141 1,906,858 1054,766 889,717 5,680,540 658,046 470,1*44 745*157 593,125 2,170,326 Bills discounted: Secured by U. Sm Gov11 obligations, direct and guaranteed 12,230 1,775 7,825 465 4o 50 2,000 — — -- -- 125 — Other bills discounted 1,000 — 427 95 92 43 35 122 30 22 28 50 76 lotal bills discounted 13,280 1,775 8,252 560 152 95 2,055 122 30 22 28 155 76 Industrial advances 12,947 1,452 608 4,677 1,151 492 571 1 69 7 224 44 29 5,325 Ü. S# Government securities, direct and guaranteed: Bonds 2,051,967 149,629 512,899 155,599 197,022 127,745 104,102 267,265 97,526 61,274 93,066 81,674 199,166 Notes 980,675 71,510 245,125 74,562 94,161 61,055 49,752 127,750 46,609 29,283 46,370 59,055 95,185 Certificates 983,575 71,708 245,799 74,568 94,420 61,220 49,890 123,005 46,738 29,365 46,996 59,141 95,447 Bills 2,535;004 1.07,407 1,049,742 9.7,274 111,415 86,997 65,049 491,552 188,991 34,698 71,930 41,792 183,177 Total U* S# GovTt securities, direct anil guaranteed 6,549,021 400,254 2,053,565 401,805 497,018 557,015 266,793 1,014,610 579,864 154,620 265,862 201,642 577,975 Total bills and securities 6,575,248 405,481 2,062,425 407,040 498,301 557,600 269,199 1,014,301 579,901 154,866 265,934 201,826 531,874 Due from foreign banks 47 5 1/ 18 5 4 2 2 6 l ★ l 1 4 F. k* notes of other banks 51,676 1,549 5,464 1,756 1,980 7,112 4,137 3,195 3,647 1,615 6,6o4 2,215 7,622 Uncollected items 1,551,059 125,655 292,521 75,250 145,593 96,976 63,250 192,012 60,397 31,129 73,744 51,475 145,299 Bank premises 59,051 2,708 9,768 4,719 4,298 3,030 1,715 2,902 2,099 1,302 2,784 1,055 2,675 Other assets 76,768 5,167 18,654 5.690 3,724 4,913 5,701 9,302 3,623 2,504 5,687 5,149 7,554 total ASSETS 20,333,655 1755,839 8,480,579 1775^581 2,565,738 1504,399 1231,701 4,903,050 1087,714 661,660 1095,911 852,824 2,913,652 ♦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