H.4.1 Factors Affecting Reserve Balances of Depository Institutions

form. F. k. 283 STATBiENT TUÜ THB PRESS Released for publication Board of Governors Friday morning, April 30* ©f the Federal Reserve System not earlier« April 29. 1943 CONDITION OF THE FEDERAL K3SERVE BANKS During t'he week ended April 28 member bank reserve balances decreased $169,000,000, Reduction« in member bank reserves arose from increases of $93*000,000 in money in circulation ml $38 ,000,000 in nonmenber deposits and other Federal Reserve accounts and decreases of $60,000,000 in Reserve Bank crodit, and $10,000,000 in gold stock, offset in part by decreases of $28,000,000 in Treasury deposits with Federal Reserve Banks and $2,000,000 in Treasury oash* Excess reserves of member banks on April 28 ware e*tlnftfeo& to be approximately $2,280,000,000, a decrease of $60,000,000 for the week, Thera was a decrease of $18,000,000 in holdings of United States Treasury bills. Changes in member bank resorv® balances and related items during the week and the yjar ended April 28, 1943» were as follows» Increase or decrease sine© April 28, April 21, ¿i,pril 29, 19^3 19U3 1942 (In millions of dollars) Bills discounted 26 ♦ 15 ♦ 19 U. S. Government direct obligations 6,294 ♦ 18 +3,948 U. S. Government guaranteed obligations 53 — + ^9 Industrial advances(not including 13 million commitments - April 28) 13 2 ♦ 3 Other Reserve Bank credit 270 • 90 ♦ 194 Total Reserve Bank credit 6,655 60 +4,212 Gold stook 22,472 - 10 - 217 Treasury currency 4,009 ♦ 1 + 723 Member bank reserve balances 12,149 I69 - 513 Money in circulation 16,593 + 93 +4,870 Treasury cash 2,234 - 2 + 48 Treasury deposits with F,R, Banks 443 28 + 315 Nonmember deposits «nd other F.R.accounts 1,717 33 1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 2830 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 28, 1943 . (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. notes in actual cir culation 13,060,002 957,138 2,868,066 925,100 1,200,619 038,861 644,868 2,573,517 . 552,085 330,755 463,107 287,589 1,425,497 Deposits: Member bank-reserve acct.32,140,981 612,551 4,032,669 678,903 1,082,696 516,232 505,746 1,882,146 411,241 247,422 490,700 465,704 1,222,341 U.S.Treasurer-general acct. 442,690.• -:39,243 122,236 17,387 41,055 24,701 10,736 4U,4ili 21,760 24,105 19,514 25,190 ' 52,341 Foreign ' 910,841 27,575 1A34.950 74,281 71,935 33,622 27,367 95,392 23,457 17,202 21,893 23,457 59,702 other ' -■ 499,269, 6,465. .; 290,857 15,3^ 46,039 16,345 8,376 8,914 29,957 13,462 6,894 4,127 52,464 Total deposits . 14,001,781* 665,834.4,830,720 706,020 1,241,725 590,950 552,225 2,030,866 486,415 302,191 539,001 518,486 1,387,348 Deferred availability items 1^94*510 113,428 .241,585 78,173 143,075 102,300 70,290 208,742 57,707 27,317 69,123 43,660 128,302 ~ther liabilities including accrued dividends _ -3,355 787 1,704 1,104 559 6c4 273 1,016 214 _ 197 1,341 182 374. :JTAL LIABILITIES 23,372^648 1757,187 7,992,875 1790,397 2,591,778 1532,723 1267,656 4,?i4,i4l 1096,421 660,46o 1072,572 854,917 2,941,521 Capital paid in .147,014 9,519 53,660 11,687 15,202 5,943 5,285 16,439 4,612 3,169 4,796 4,494 12,128 surplus (Section 7) i6o,4li 11,160 53,001 15,670 14,767 5,236 5,725 22,925 h,966 3,221 3,613 4,083 11,044 surplus (Section 13*>) '26,829 ¿,874 7,070 4,393 1,007 3,244 717 1,429 530 1,000 1,137 1,307 2,121 wcher capital accounts 78,799 4,797 22,124 5,584 7,542 3,831 3,509 12,207 3,497 3,432 3,551 3,064 5,661 ; viiAL LIABILITIES. AND CAPITA'ACCOUNTS 23,785,701 1785,537 8,133,730 1827,731 2,630,376 1550.977 1202,892 4,867,141 1110,026 671,282 1085,669 867,865 2,972,475 Commitments to make industrial * advances'"' 13,468 917 27 2,144 362 1,172 103 1,783 — 3,030 — 3,930 F.R. notes' outstanding 13,602,616 998,946 2,985,349 951,825 1,240,296 874,347 692,868 2,625,981 587,45U 338,840 480,836 317,597 1,508,277 Collateral for F.R.notes v ’ held by F.R.Agents: Gold certificates 13,264,000 961.000 3,000,000 875,000 1,250,000 757,ooo 660,000 2,670,000 400,000 340,000 480,000 327,000 l ,5U2+,000 Eligible paper 14*238 850 12r6l8 320 — 200 — — 250 — “ U.S.Gov’ t securities 550,000 50,000 — 100,000 — 125,000 50,000 -- 220,000 5,000 MATURITY DISTRIBUTION OF BILLS AND SECURITIES ïîithin 16 to 31 to 61 t‘o 9I days to 6 months X 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 25,743 24,788 255 700 Industrial advances 12,795 9,670 157 I92 ’ 238 989 701 670 178 U. S. Government securities, direct and guaranteed 6,346,9P3 606,067 453,965 841,831 879,423 317,490 571,400 351,100 883,221 l,442,ii46 l / After deducting $^69,942,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fotm F. R. 283a Released for publication Friday'morning, April 30,191*3» not earlier. . STATEMENT' OF CONDITION OF THE TWELVE FEDERAL RESERVE BANES COMBINED ( In thousands of dollars) Increase or decrease since! April 23, April 21, April 29, 19U3 I9k3 19U2 A S S E T S • Gold certificates on hand and due from U. S. Treasury 20,258,915 - 16,000 •- • 229,1*95 Redemption fund * F, R. notes 1*5,612 + 1,529 + 30,1*11 Other cash 357,756 + 1*.21*2 + 38,856 Total reserves 20,662,283 - 7,229 - 160,228 Bills discounted» Secured by U. S. Gov*t obligations, direct and guaranteed 25,71*3 + ll*, 610 + 19.187 Other bills discounted — — 1*35 Total bills discounted 25,71*3 + ll*, 610 + 18,752 Industrial .advances 12,795 - 1,795 + 2,798 U. S. Government securities, direct and guaranteed» Bonds 2,01*2,567 + 1*73,977 Notes 981*, 175 — + 291,675 Certificates 997,375 — + 997,375 Bills 2,322,786 + 17,989 ♦2,233,781* Total U. S. Government securities, direct and guaranteed 6,3^6,903 + 17,939 +3,996,811 Total bills and securities 6,335,1*1*1 + 30,80li +1*,018,361 Due from foreign banks 1*7 + — F. h. notes of other banks 39,618 + 5.1*95 + 35,138 Uncollected items 1,561*,092 - 96.11*1 + 51*0,063 Bank premises 38,970 21 1,611 Other ass¿ts 75,190 + 899 + 28,91*9 T0T.iL ASSETS 23,785,701 - 66,193 +li, 1*60,722 L I A B I L I T I E S F. R. notes in actual circulation 13,068,002 + 93,096 +1*, 286,267 Deposits: Member bank-reserve account 12,1^8,981 -169,175 - 513,1*01* U. S. Treasurer-general account Ui2,é90 - 28,798 + 311*. 306 Foreign 910,81*1 - 1,021* + 17,912 Othsr 1*99,269 + 33,730 - 28,381 Total dodosits Hi, 001,781 -160,217 - 209.567 Deferred availability items 1.29U.510 - 5,533 + 31*6,1*01 Other liabilities including accrued dividends 3,355 + 1,036 + 1,311* TOTAL LIABILITIES 23,372,6/48 - 66,618 +l*,l*2lt,l*15 C A P I T A L A C C O UNT S Capital paid in ll*7,oil* + 19 + 2,389 Surplus (Section 7) 160,1*11 + 2,909 Sp.rplus (Section 13b) 26,329 mm m* + 1*3 Other capital accounts 73,799 + h 06 + 30,961 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,785,701 - 66,193 +1*. 1*60,722 Ratio of tocal reserves to deposit and F.k, note liabilities combined 16.3% + .1% - 11**3% Commitments to make industrial advances 13,1*63 + 1,808 + 1,795 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL EJSEH7E BASKS ON APRIL 28, 1943 (In thousands of dollars) a S S E T S Total Boston Mew York Phi la.. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Sar* ¿ran. Gold certificates on hand and due from U. S. Treasury 20,258,915 1223,677 5,571,720 1293,226 1,890,227 1072,031* 883,537 3,707,962 621,071 458,365 723,226 585,332 2,223,033 Redemption fund - F.R.notes ¿,5 612 3,186 1,470 5,700 5IO 6,825 1,903 1,200 15,319 313 581 622 7,423 Other cash 357,756 3U,iiÜ4- 90,1*21 25,81*2 37,184 19» 599 17,383 45,353 It?, 529 7,947 11,974 10,233 41,327 Total reserves 20,662,233 1261,277 5,663,611 132h,168 1,927,921 1098,1*58 903,383 3,754,515 652,419 467,125 740,781 596,237 2,271,738 Bills discounted: Secured by U.S. Gov* t obligations, direct and guaranteed 25,743 850 12,618 320 45 200 10,993 342 — 250 — 125 — Other bills discounted — — — — — — — — -- -- — — — Total bills discounted 25,743 850 12,618 320 45 200 10,993 342 — 250 -- 125 -- Industrial advances 12,795 1,543 606 4,389 1,063 511 320 ¿9 — I93 43 28 4,025 U. 8. Government securiti , S direct and guaranteed: Bonds 2,042,567 11+3,9 hh 510,605 154,891* 196,123 127,150 103,613 266,016 97,077 60,993 97,6.19 31,298 198,235 Notes 934,175 71,766 21*6,026 74,633 94,500 61,262 49,923 129,176 46,774 29,333 47,035 39,175 95,517 Certificates 997,375 72,729 21*9,326 75,634 95,766 62,087 50,594 129,894 47,402 29,783 47,666 39,697 96,797 Bills 2,322,786 82,801* 1,085,31*7 89,492 103,599 77,328 60,234 343,362 134,531 4o,746 66,930 ¿*1.628 146,235 Total U. S, Gcvft securities, direct arid guaranteed 6,346,903 376,21*3 2,091,801* 394,653 489,938 327,827 264,364 867,448 375,334 160,910 255,250 201,798 536,734 Total bills and securities 6,385,441 378,61*1 2,105,028 399,362 491,096 323,538 275,677 867,859. 375,834 161,353 259,293 201,951 540,302 Due from foreign banks 47 3 1/ 18 5 4 2 2 6 1 * 1 1 4 F.R. notes of other banks cg &7Q 1,354 8,853 2,271 2,717 5,702 6,031 7,018 6,096 1,765 7,190 2,510 8,171 Unc 011jc t &d it ems 1,564,092 136,651 328,21*3 90,432 195,745 110,li64 92,486 225.243 70,092 37,469 72,111 63,043 ' 142,113 Bank premises 38,970 2,703 9,768 4,719 4,289 3, 1, 632 2,902 2,090 1,302 2,734 1,033 2,666 other assets 75,190 4, 908 13,209 6,174 8, 6o4 4, T>) 3.6'-?i 9.-593 3,486 2,268 3,509 3,090 6,924 TOTivL ASSETS 23,785,701 1785,537 8,133,730 1827,731 2,630,376 1550,977 1232,502 4.867,141 1110,026 671,282 1085,669 367,865 2,972,475 ♦Less than $500. l/. ~fter deducting $29,000 particap'.-.tions of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis