H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. K. 283 STaT£MEHT FOR THE PRESS Released for publication Board of Governors Friday morning, May 7 J of the Federal Reserve System not earlier. May 6, 191*3 CONDITION OF THE FEDERAL RESERVE BANKg During the week ended May 5 meniber.bank reserve balances decreased $21*0,000,000. Reductions in member bank reserves arose from increases of $90,000,000 in money in circulation, $279.000,000 in Treasury deposits with Federal Reserve Banks, $11,000,000 in Treasury cash and $61,000,000 in nonmember deposits and other Federal Reserve accounts, offset.in part by increases of $195,000,000 in Reserve Bank credit and $5.000,000 in Treasury currency. Excess reserves of member banks on May 5 were estimated to be approximately $2,130,000.000, a decrease of $150.000.000 for the” week. There was' an increase of $181*. 000,000 „ in holdings of Uni tad States Govern­ ment securities. Bonds decreased $106,000,000 and notes $7,000,000, while certi­ ficates increased $69,000,000 and bills $229,000.000, Changes in member bank reserve balances and related 4tems during the week and the year ended May 5» 1943. were as follows* Increase or deorease since May 5, April 28, May 6, 1943 i?43 1942 (In millions .of dollars) Bills discounted 15 11 + 7 U. S. Government direct obligations 6,1*79 + 185 +4.047 Ü. S. Government guaranteed obligations 52 - 1 + 46 Industrial advances (not including 12 million commitments - ¡lay 5) 11* + 1 + 4 Other Reserve Bonk credit 290 20 + 172 Total Reserve Bank credit 6,850 195 +4.278 Gold stock 22,473 ♦ 1 - 230 Treasury currency l*,oil* + 5 + 723 • liiember bank reserve balances 11,909 mm 240 - 535 Money in circulation 16,683 + 90 ♦4.938 Treasury cash 2.245 + 11 + 52 Treasury deposits with F.R. Banks 722 + 279 + 346 Nonmembor deposits and other FTR.accounts 1.778 + 61 + 70 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Foria F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS CN HAY 5, 1943 . (I*1 thousands of dollars) I* I B I L I T IB S Total Boston New York Philai* Cleve*. Rich. Atlanta Chicago St. Louis Minn, Kans. Cy* Dallas San Fran. ■ ' -..a. 'J .............. F.R. notes in actual cir­ culation 13,158*375 960,729 2*885,201 926,452 1,200,644 81*9,595 659,633 2,537,505 556*071 330,317 469,792 296,311*1,436,122 Deposits* Member bank-reserve .aicct..n,909,223 610,985 3,892,268 675,029 1,054,71*9 508,261 497,028 1,761,915 413,253 253,379 550,583 474,7861,216,987 U.S.Treasurer-general acct_ 721,867 49,171 215*823' . 50,765 67,393 23*425 18,075 78,512 37,116 19,615 47,942 35,449 78,581 Foreign 968,274 27,463 1A 67,921* 82,666 80,056 37,417 4,435 106,161. 26,105 19,144 24,365 26,105 66,433 other 499,511 5,239 ~ 300,537 16,833 38,608 15,315 30,456 5,852 21,358- 12,524 7,199 3.581 42,209 Total deposits 14,098,875 692,858 4,876,552 825,293 1*240,806 584,418 549,994 1,952,41*0 497,832 304,662 630,089539,7211,404,210 Deferred availability items 1^69,829 123,538 217,325 80,234 140,515 91,226 76,895 198,154 53,992 26,511 69,176 42,128 150,135 Other liabilities including accrued dividends 6,979 742 1,796 460_______565______ 458 227______ 838 251 139 882 _ 171 400 total LIABILITIES 28,534,058 1777,367 7,980,874 1832,1*39 2,532,530 1525,697 1286,749 4,738,937 1108,146 661,679 1169,939 878,334 2,990,867 Capital paid in 147,(*60 9,519 ‘ 53,662. 11*687 15,295 5,943 5,285 16,457 ^622 3,169 4,796 2^95 12,130 Surplus (Section 7) l6o,4ll 11,160 58,001 .15,670 14,767 5,236 5,725 22,925 4,966 3,221 3,613 4,083 H^a44 26,829 2,874 7,070 4,393 1,007 3,21*4 717 1,429 530 1,000 1,137 1,307 2,121 1 + ! f 79,592 4,873. 22,347 5,619 7,5C9 3,889 3,555 12,360 3,555 3,450 3,624 3,047 5,699 TQTaL LIABILITIES.. AND .. 1111 ■■■" ■ .. ......--...... .... ........... — , . . . . . capital accounts 28,947,950 1806,298 8,121,954 1869,808 2,621,130 1544,009 1302,031 4,792,108 1121,319 672,519 1183,109 891,266 3,021,841 Commitments to make industrial advances 12,313 717 • ' 10 2,206 262 1»190'. 103 ~ 1,679 — 2,240 — 3,906 F. R. notes outstanding 13,664,442 997,265 2,995,216 955,214 1,246,421 830,719 707,075 2,630,575 587,962 330,269 432,410 325,243 1,510,070 Collateral for F.R. notes held by F.R*Agents* Gold certificates 13,?97,000 961,000*3*020,000 • 375*000 1,250,000 767,000 .'660,000 2,670,000 400,000 340,000 430,000 330,000 1,544,000 Eligible paper 3,873 950 7,543 225 — 100 — — — — . 50 — u.s. Gov't securities 550,000 50,000 — 100,000 — 125,000 50,000 — 220,000 — 5,000 MATURITY DISTRIBUTION OF BILLS jJiD SECURITIES Within 16 to 31 to 61 to 9I days to 6 months 1 to 2 2 to 5 Over Total f15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years * Bills discounted 15,043 - 14,018 50 700 275. •# — — — Industrial advances 13,773 9,939 149 213 1,456 391 782 665 173 — U. S. Government securities* « direct and guaranteed 6,530,057 . 1*33,040 ,317,324 1,146,963 1,014,923 500,340 544,100 349,100 336,121 1,333,446 l/ After deducting $521,434,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. ft. 283a Released 'for publication Friday morning, May 7*1943» n°t earlier* STATEMENT OF CONDITIGH- OF THE TiiELVE ^FEDERAL RESERVE B.iNKS CQMBINlSD (Jn thousands of dollars) : Increase or decrease since May April 28, May 6 5,; 1943 1943 1942 A S ' S B ,T S Gold certificates on hand and due , » from U. S, Treasury ‘ 20,255,915' ' - 3,000* 238,496 Redemption fund - ft; notes 47.187 ♦ 1,575 + : 32,316 Other cash 352,111. . - 5,645 ♦ ! 54,498 Total reserves . ^; 20,^55,213. - 7,070. . " :151,682 Bills discounted* Secured by U. S. Gov't obligations, direct and guaranteed 15,043- - 10,700 + 1 7,-940 Other bills discounted «i« 821 m Total bills discounted; ' • 15,043" - 10,700- - ♦' 7,119 Industrial advances 13.773 + 978 3,823 U, S» Government securities, direct and guaranteed* Bonds • • • •. 1,936,467- -106,100 . + 329,565 : Motes ~ : 977,700 - 6,475 285,200 Certificates 1,066., 150 ♦ 63,775 ♦1,,045,450 •Bills 2,550,540 +227,754 +2,434,538 Total U, S« Government securities» direct and guaranteed 1 ' :6,m 857 +183,954 +4,094,753 Total bills and securities 6,559,673 +174,232 +4,105,695 Due from foreign banks 47. •mm •• F» R. notes of - pther tanks 62,018 ♦ 2,340 ♦ 36,413 Uncollected items 1,560,090 - 4,002 544,913 Bank premises 33,916 54 m» 1,644 Other assets 71,993 - 3,197 + ; 25.46:1 TOT^L ASSETS “ * 28,947,950 +162,249 • *4,559,156 L I A B I L I T I E S Ft R. notes in aotuiil circulation .13.» 158,375 ♦ 90,373. +4,28 Í, 469 Deposits Member bank-reserve account • 11/909,223 -239,758' ; ‘ • 534,661 U,S, Treasurer-general account 721,867 ♦279,177 345,897 Foreign 968,274 + 57,433 13,243 + Other 499,511 + 242 + 4'i,4i4 T6tal deposits - i " 14,098,875 + 97,094 134,107 • Deferred availability itoms 1,269,829 - 24,681. + 372.725 Other liabilities including accrued dividends -.1,376 ♦ ... i>587 . TOTAL LIABILITIES 28,534,058 +1¿1,41Ó ♦4,522,074 C A P I T A L ACC OP NTS Capital paid in ,147,060 + . 46 + 2,439 Surplus (Section 7) .160,41; 2,909 + Surplus (Section 13b) 26,829 — 48 + Other capital accounts 79,592 ♦ 793 31,686 + TOTAL LLVBILITIES AND CAPITAL ACCOUNTS 28,947,950 +162,249. ♦4,559,156 Ratio of total' reserves to deposit and F. R. note liabilities combined 75*8^! - 14.2# - Commitments to make industrial advances 12,313 - 1,155 + 610 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora. F* R. 283^ STATEMENT OF CONDITION OF THE(FEDERAL RESERVE BANKS ON MAY % l<?k3 (In thousands of dollars) it S S B T S Total Boston Now York Phila. Clev6. kich. Atlanta Chicago St.Louis . Minn. Kans.Cy*. Dallas San Fran* Gold certificates on hand and due from U* S. Treasury 20,255,915 1230,61*6 5,467,936 1330,373 1,890,849 1069,485 901,792 3,608,440 621,560 470,734 828,851 610,290 2,216,951 kedemption fund - F.h.notes 47,1.37 3,129 1,171 5,581 446 8,185 2,905 1,130 15*797 306 .566 ¿07 7*364 Other cash 352,111 33,345 87,845 26,840 38,600 20,187 17,250 . 44,524 14,318 8,074 10,735 10,220 4o,i65 Total reserves 20,655,213 126?, 120 5,556,952 1362,794 1,929,895 1097*857 921,947 3,654,094 651,675 479,114 840,152 629,133 2,264,480 Bills discounted! Secured by U.S* Gov*t obligations, direct and guaranteed 15,043 950 7,540 225 45 100 5,900 — 50 225 — Other bills discounted - - — - - mm — —1 “ -------- — — mt mm «IM - - Total bills discounted 15,043 950 7,548 225 45 100 5,900 — -------- -------- 50 225 ~ Industrial advances 13,773 1,747 606 4,451 1*137 490 309 69 « 78 333 28 4,025 0. S. Government securities, direct and guaranteed* Bonds 1,936,467 141,211 434,403 146,902 185,959 120,477 98,156 252,058 92,023 57,827 92,548 77,066 187*837 Notes 977,700 71*294 244,572 74,167 93,008 60,827 49*559 127*264 46,458 29,190 46,728 33*900 94,837 Certificates 1,066,150 77,746 266,695 30,879 - 102,382 66,331’ 54,o4l 133,774 50,665- 31,837 50,953 42,430 103,417 Bills 2,550,540 92,807 1203,475 93,702 120,318 79,847 63,655 367,224 208,619 34,286 66,493 44,340 175,774 Total U. S. Gov*t securities, « direct and guaranteed 6,530,357 333,050 2,199,145 395,650 502,547 327,482 265,411 835*320 397*765 153,143 256,722 202,744 561,365 Total bills and securities 6,559,673 38^,755 2,207,299 400,326 503,729 323,072 271,620 805*389 397*765 153,226 257,605 202,997. 565,390 Due fron foreign banks 47 3 1/ 10 5 4 2' 2 6' 1* * 1 1 4 F.k. notes of other banks 62,010 1,109 ^10,057 2,465 2,790 5,612 6,661 7,051 5,582 1,526 6,736 2,817 9,562 Uncollected items 1,560,090 144*381 320,609 94,246 171,906 104,394 96,595 233,217 61,393 35,070 72,324 52,251 172,624 Bonk premises 38,916 2,703 9,750 4,700 4,209 3,024 1,632 2,896 2,095 1,300 2,778 1,025 2,666 Other assets 71,993 4,727 17,269 5,264 8,495 4,548 3*524 9,455 3,308 2,283 3,4£3 • 3,042 6,615 TOT*LASS*TS 23,947,950 1806,290 8,121,954 1069,800 2,621,150 1544,009 1302,031 4,792,100 1121,019 672,519 1183,109 091,266 3,021,041 «Less than $500. 1 After deducting $29,000 participations of other Federal Reserve Banks«. / Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis