H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Fom F. R. 283 ST-sTBSiBiii' FOR THE PRESS Released for publication Board of Governors Friday morning, April 16; of the Federal Rosorve System not earlier. April 15, 1943 CONDITION OF THE FEDERAL RESERVE BANKS During the jiroek ended April, 14 member bank reserve bala ces incroasod $34,000,000« Additions to'membei* bank .reserves arose fr'om increases of $256,000.,000. in-Reserve 3ahk credit and S8,000,000 in Treasury currency and a decrease of $85,000,000 in Tfeitsury, diipbiits with.Federal RqSoWo Banks, offset, .in part by a decraass of: 31+0,000,000 in gold stock and increases of $71,000,000 in money in circulation, $6,000¿000 in Treasury cash, and $199,000,000 in nonmember deposits and othsr Federal Reserve accounts. Excess reserves of, member' banjes. on Apri'i, ll+ wcro. s.stimg.ted to be approximately $2,160,000,000, an incrc-use of $130,000,000 for the week. Th^rt* was. an incr^aso of $156,000,000 in holdings of United States Government.securities. Bills increased $130^000,000, certificates $114,000,’000, bonus $8,000,000,.and riqteg .$4,000,000, Chang js in mamber bank rossrve balances and r jl&t...d items during thu week and the year ended April li+, 1943* worfi &s follows: Increase or decrease since April lli, April 7, Aprii 15, 1943 1943 1942 (In millions of dollars) Bills discounted 12 - 1 3 U. S. Government direct obligations 6,652 +155 +4,1+02 U. S. Government guaranteed obligations 53 + 1 + 49 Industrial ¿dvances(not including .12 million corc.'.itir.onts - ¿ipril II4) l4 ♦ 1 + 4 Otn'jr Rvisorvo Bank credit 373 +100 + 231 Total Reserve Bank credit 7#10U +256 +4,689 Gold stock 22,501 - 40 m* 177 Treasury currency 4,002 + 8 + 722 Member Dank reserve balances 13,141+ + 34- + 642 Honey in' circulation 16,1+24 + 71 +14,800 Treasury cash 2,255 + 6 + 69 Treasury deposits Vith F* R. Banks 12Ô - 85 - 173 Nonmeiuber deposits and other F.R,accounts. 1,676 +199 - io4 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form. x\ R. 283c STaTEMENT OF CONDITI Oli OF TES FEDERAL RESERVE BANKS GN AÆIL 14, I9Ù3 (In thousands of dollars) L I A B I L I T I E S TotalB oston New York Phila. Cleve. Rich» Atlanta. Chicago Si;.Louis Minn. Kans.Cy. Dallas San Fran. R. k. notes in actual circuluticai 12*905*494 934,414 2,853.236 >10,903 1.190,599 526,962 630,273 2,542,432 548*334 327,-580 453,436 281,108 1,401,167 p^positsi ¿-oirJjer .b&nk-reserve acct. 13,143,680 708*953 4,327,94 5 721,730 1,130,483 559,934 528,197 1.907,479 44.0*683 236,284 563,073 5.11,134 1,339,680 U#Ä*Treasurer-general acct. 128,040 256 123yß66 373 306 586 . 307 552 589 243 560 — 1,002 foreign 915*^52 23,2271 /435,360 75,665 73,275 34,248 27,377 97,170 23*094 17,522 22,301 23,894 60,8(9 other 460,874 9,668“ 177*076 30,670 $>*,457 14,115 n ,305 9.011 24,055 13,371 4,09 5 3*520 71,531 Totaxl deposits 14,647,346 302,114 5,063,647 323,438 1,296,521 608,933 567*636 2,014*212 ' -497,221 317,420 590,034 538,543 1,523*022 Deferred availability items 1,524,626 154,432 321,760 -91,323 174*902 118*533 31*314 223,320 68 ¿.139 27,365 64,362 55*391 142,185 Other liabilities including accrued dividends 7.667 737 1*902 .1,074 632 603 251 957 232 187 497 167 373 TOTAL LIABILITIES 29,035,633 1091.747 3*240*595 1331*738 2,662,654 1555,031 1200,024 4,781,421 1114,026 672,552 1113*329 375*214 3*066*752 CAPITAL ACCOUNTS - Capital paid in 146,927 9,519 53*655 11,635 15,245 5,934 5,276 16,434 4,600 3,166 4,795 4,494 12,12] Surplus (Section 7) 160,411 H ,l6o 58,001 *5,670 14,767 5,236 5,725 22,925 4*966 3*221 3,613 4,033 11*044 Surplus (Seic*tion 131») 26,829 2,874 7*070 4,393 1,007 3,244 717 1,429 530 1,000 1,137 1,307 2*121 Othejr capital accounts 77,105 4,705 21,603 5,466 7*398 3,740 3,450 12,049 3,423 3,303 3*456 2*970 5.524 TOTAL LIABILITIES AND CAPITAL accounts 29,496,985 1920,005 8*300,924 1869,002 2,701,071 1573,193 1295,192 4*834,258 1127,550 633,327 1126*330 833*063 3,097,565 CoimitmentSr -to make industrial .advances 12,334 1*01? 27 1*509 545 1,102 105 — 1*733 — 2,031 — 4,215 F. R. notes outstanding 474,399 312*527 1,491.502 Collateral for F.R.notes held by F.R.Agents: Gold certificates 13,076,000 . 936,000 2,935,000 85o,oooi,24o,ooo 747,ooo 645,ooo2,64o,ooo 400,000 335,300 447755,,000000331199,.00000011,,550044,,000000 Eligible paper 10,719 2,625 7,429 565 — 100 U.S.Gov* t securities 505,000 50,000 — 100,000 — 125,000 30,000 — I95,XO 5,000 — — MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 61 to 9I duyd to 6 i.ionths 1 to 2 2 to 5 Over _T_o_t_a_l Ì5 dtvs 30 JKYj_ ÓC Jays 9__0_ _d_a_y_s_ 6 months to 1 year years’ years 5 years Bills discounted 11*938 6,5:3 5,.>0v 100 — Industrial advances 13,773; 9 » 5-V+ '"¿2¿2Q0 222233 11,,223300 1,000 713 663- r/s — l>. S. Government securities, direct and guaranteed 66,,770044,,667733 2c.’- -53,,115355 664466,,3?6622 335566,,221166 11,,221133,,664400 437,333 571,400 351,100 033,221 1,460,246 1/ After deducting $47«,833»000 participations of other .Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. k. 283a Released for publication Friday morning, April .16,191+3, n°t earlier* STATEMENT OF CONDITION OF THE-TsflSLVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars). Increase or decrease since April IJ4, April 7, April 15, 19U5 19^3 19.1*2 A S S E T S Gold certificates on hand and dua from U. S. Treasury 20.29U.iil7 - 1+2,999 199,992 Redemption fund - F. R. notes 1+2,245 + 1,537 29,056 Other cash 35?,266 - 2,436 26,51+5 Total reserves 20,695»92Q - 1+3,898' - ll+l+,39l Bills discounted* Secured by U. S, Gov’ t obligations, direct and guaranteed 3,3'13 3,967 616 Other bills discounted 3,625 2,625 3,292 Total bills discounted 11,933 l,3li2 2,676 Industrial advances 13,771 821+ 1+.220 U. S. Government securities, direct and guaranteed* Bonds 2,060,367 + 8,1+00 + 503,861 Notes 98M75 + 3,500 + 291,675 Certificates 997,37-5 + ll+.OOO 997,375 Bills 2,662,761 +129,757 •1-2,652,936 Total U. S. Government securities, direct and guaranteed'"”'" 6,7014,673 ■*•155,657 +¿+»1+50,897 Total bills and securities 6.730,387 +155,139 +!+, 1+57,793 Due from foreign banks 1+7 — — F. R, notes of other banks 53,726 + 2,0 50 + 26,253 Uncollected items 1,397,936 +51+6,877 + 51+2,371* Bank premises 39,001 30 1,637 Other assets 79,;60 + 3,192 + 35.960 TOT-iL ASSETS 29,1*96,935 +663,330 +1*, 916,352 L I A B I L I T I E S F. R. notes in actual circulation 12,905,1+91* + 66,402 +4,206,209 Deposits; Member bank-reserve account 13,143,630 + 33,521+ ‘+ 61+1,708 U. S, Treasurer-general account 123,040 - 35,217 - 172,912 Foreign 915,252 + 33,332 „„ - 11,007 Other 1+60,371+ ♦161,910 ‘ - 97,612 Total deposits 14,647,31+6 +149,01+9 + 360,177 Deferred availability items 1,521+, 626 +41+6,03!+ + 310,935 Other liabilities including accrued dividends 7,667 + 1,529 + 3,215 TOTAL LIABILITIES 2>-, 085,633 +663,011+ +¿+,830,536 C A P I T A L A C C O UN T S Capital paid in 11*6,927 21 3,535 Surplus (Se'ction 7) l6o,l+n -- + 2,909 Surplus (Section 13b) 26,329 — + ¿+3 Other capital accounts 77,135 + 295 + 29,32i+ TOTAL LIABILITIES aND CAPITAL ACCOUNTS 29»1+9 6,93 5 +663,330 +1+,916,352 Ratio of total reserves to deposit and F. R. note liabilities combined 15.1% Commitments to make industrial advances • CD 15.6$ 12,331+ 938 1,297 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

r orm F, R. 283^ S-T-iTS^&T OF CGKDSTION OF THE FEDEKAL RESERVE LAKKS OK APRIL 14, 191*3 (In thousands of dollars) A S S B T S Total Boston Now Yo'rk' Phiia. Cl eve. Rich. Atlanta. Chicago St.Louis Liinn. Kans.Cy.- Dallas* Son Fran, uold certificates on hind.and duo fro n ts. Treasury 20,294,1+17 1236;285 5*435,31+7 1231,217 1,892,493 1059,935 090,076 3.61+7,023 623,aa6 477,151 764,61+0 596,995 2,235,3:39 Redemption fund - F.R.notes 4^,245 ’2,298 1,920 5.937 '646 3,101 2,070 1,3^0 10,3b? 3^7 609 650 7*0-30 -thor'cash 359-,266 3a,923 37,316 ¿4,473 39.376 19,229 17,302 1+6,1+01+ 15,307 7,742 11,623 10,351 1+3,710 rotu r'-jserves 20,¿95,923 1323.511 5£75*533 1311,632’1,933*015 1037*265 913,U+3 3,694,767 650,120435,220 7? 6,^872 607,996 2,336,1+99 -lils disc ounted: ¿¿cured by U. S. Gov11 obligations, direct-and- guar-in to ad 3,313 — 7>i;23 5&5 k0 100 55 — — — 125 Other:.'bills discounted 3^625 .’2,625 i^.27 95 92 1*3 35 122 30 22 23 30’ 76 Tota-l bills discounted 11,933 2,625 7,355 660 132 11+3 90 122 30 22 23 155 76 Industriai advances 13,771 1,1*52 608 l+,6ll+ 1,099 1+91 355 69 7 184 1,01+3 28 3,321 ü. S. Government securities, direct and guaranteed: Bonds 2,060,367. 150,252 516,219 156,1+35 197,913 123,015- 10l+,248 267,831 97,330 61,535 98,1*71 31,968 199,600 ifotes 981+, 175 71,771 246,582 71+, 726 9H*^39 61, ll+9; .1*9,797 127,933 1*6,753 ?9*39l 1*7,037 '' 39,155 95,31*2 Certi ficates 997* 375 72,731* 249,889 75,727 95,805 61,969 50,1*6!+ 129,651 1+7,331 29,788 1+7,667 39,678 96,622 £*11b 2,662*761’ 91,330 l ,335,709 iio,‘S3'o 121,131 '37,110' 63,558 *' 336,186 -191,713 3a, 581* 61*; 6^ ■' 41+,21+9 181,702 Total U.S. Gov’ t securities, dij-üct; and -qaranteJd 6,70l*,678 386,087 2,343,399 1+17,718 509,388 333,21+3 268,067 361,601 333,727 155,298 257,831+ 205*050 573,266 Total bills and securities 6,730-, 337. 390,161*. 2,356,862 .422^992 510,619 338,377 263,512 861,792 383,761* 155,501* 253,905 205,233 577,163 Due from foreign banks .1+7 3 1/ 18 5 . ' 1* 2 2 * 6 1 * l 1 1* i*,R.notes of other banks 53,726 1,208 8,003 1,788 2,320 6,l*9l+! 5,21+1+ 6,1+05 1+.61+9 1,358 6,247 2,908 7,102 Uncollected it e ms 1*897,936 197,160 1*11,352 121,1+59 241,913 132,289 102,511 258,1+26 33,250 37,596 78,249 67,11*0 166,536 Bunk premises ••39,001' 2,703 9,763' 1**719 4,293 3,030 . 1,685. .2,902 .2,099 1,302 2,731* 1,033 2,673 Other assets .79,960 5,251 19,338 6,1*07 8,397 5,236 • 3,790 . .9,960 3,667 2,31*7 3,772'. 3*757 7,533 T 0 T„i.L ASSETS 29,1+96,935 1920,005-8/380,921+ 1869,002 2,701,071 1573,*195 1295,192 1+,834,258 1127,550 683,327 1126,330 333,068‘ 3,097,565 ♦Loss than $500. l/ n.fter deducting $29,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis