H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 233 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, May 14 j of the Federal Reserve System not earlier. May 13, 1943 CONDITION OF THE; FEDERAL RESERVE BANKS During the week ended May 12 member bank reserve balances decreased $104,000,000. Reductions in meniber bank reserves arose from increases of $58,000,000 in money in circulation and $7»000,000 in Treasury cash and decreases of $324,000,000 in Reserve Bank credit and $19,000,000 in ^old stock, offset in part by an increase of $19,000,000 in Treasury currency and decreases of $92,000,000 in Treasury deposits with Federal Reserve Banks and $194,000,000 in nonmeniber deposits and other Federal Reserve accounts. Excess reserves of member banks on May 12 wore estimated to be approximately $1,730,000,000, a decrease of $400,000,000 for the week. There was a decrease of $359,000,000 in holdings of United States Govern­ ment securities. Bonds de.creu.aod-$75>000,000, notes $3,000,000, and bills $309,000,000, while certificates increased $33,000,000, Changes in member.bunk ruszrvo balances and related items during the week and the y;ar ended May 12, 1943, were as followss Increase or decrease since May 12, May 5, May 13, 1943 1943 I942 (In millions of dollars) Bills discounted 25 ♦ 10 + 17 U, S, Government direct obligations 6,118 - 361 +3,633 U. S. Government guaranteed obligations 54 + .2 + 50 Industrial' advances(not including 13 million commitments - May 12) . 13 1 + 3 Other Reserve Bank credit 315 + 25. + 206 Total Reserve Bank credit 6,526 - 324 +3,914 Gold stock 22,454 - 19 - 252 Treasury currency 4,033 + 19 + 739 Mertber bank reserve balances 11,305 - 104 - 862 Money in circulation 16,741 + 58 +4,680 Treasury cash 2,252' + 7 + 61 Treasury deposits with F. K. Bunks 630 - 92 + 472 Nonmember deposits and other F.R. accounts 1,534 - 194 - 151 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R.. 233c ST^TSiSNT OF CONDITION OF THE FEDERAL RESERVE BANKS ON 2&Y 12, l<}k5 (In thousands of dollars) * L i i B I L i T I L b otal Boston Kew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. H. notes in actual cir­ culation 13,200,501. 963,241 2,895.311 930,735 1,209,532 349,380 662,309 2,596,736 - 557,058 331,257 46?,969 294,^4 1,433,729 Denosits* Lumber bank-resarv© aoct. 11,005.529 594,646 3,909,114 663,742 1,022,857 513,322 490,305 1*713,410 403,349 235,317 531,257 473,543 1,249,462 u.s.Treasurer-general acct. 630,214 36,0-33 155,643 42,694 47,446 55,434 20,909 72,752 37.061 44,324 36,567 30,969 41,447 Foreign 902,319 25,647 1/1*2:., 612 74,253 71,908 33,609 27,356 95,356 23,448 17,195 21,335 23,440 59,6oe other 369,700 5,364 ~ 254, 07s 12,909 16,533 11,730 2,653 4,405 10,369 9,767 3,660 2,504 35,620 Total deposits 13,707,562 661,740 4,747,452 793,593 1,153,794 614,145 549,3031,305,923 4c0,027'306,603 593,369' 530.469~1,336,139 referred availability it©j*s 1,213,140 120,103 219,946 03,349 131,939 06,333 75,937 193,013 53,377 23,301 53,723 43,497 117,377 vthsr liabilities including accrucd dividends 7,071 734 1,363 626 632 588 243 886 289 185 412’. 179 429 TGTaL liabilities 20,128,274 1,745,023 7,065,077 1803,353 2,500,997 1551,501 1288,342 4,676,613 1095,751 661,426 1122,473 868,739 2,942,674 Capital paid in 147,071 9,520 53,659 11,679 15,298 5,943 5,285 16,455 4,626 3,174 4,799 4,495 12,138 Surplus (Section 7) 160,411 11,160 56,001 15,670 14,767 5,236 5,725 22,925 4,966 3,221 3,613 4,083 n,o44 Surplus (Section IJb) 26,829 2,374 7,070 4,393 1,007 3,244 717 1,429 530 1,000 1,137 1,307 2,121 Other capital accounts 01,252 4,999 22,854 5,765 7,733 3,981 3,625 12,557 3,634 3,499 3,697 3,105 5,813 TOTAL LIABILITIES A1TD CAPITAL ACCOUNTS 20,543,837 .1774,366 8,006,661 1.346,365 2,539,802 1569,905 1303,694 4,729,979 1109,507 672,320 1135,719 831,729 2,973,790 Commitments to make industrial advances 12,807 717 10 1,905 263 1,219 102 1,364 3,030 3,777 r. R. notes outstanding 13,739,998 1010,986 3,009,947 959,552 1,246,353 303,700 708,536 2,647,851 539,333 339,536 436,991 327,333 1,529,415 Collateral for F.R.notes held by F.k.Agents: Gold certificates 13,356,000 976,000 3,043,000 375,ooo 1,250,000 777,000 660,000 2,670,000 400,000 340,000 ,490,000 334,000 1,544,000 Eligible paper 23,¿75 3,330 17,793 547 2,100 — 50 50 — — U. S. Gov*t securities 560,000 50,000 — 100,000 — 125,000 60,000 220,000' 5,000 — -- MATURITY DISTRIBUTION OF BILLS AND SECURITIES "Within 16 to 31 to 61 to 9I days to 6 months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months to 1 year yc:ars years 5 yos-rs Bills discounted 25,170 19,275 4,330 700 315 - - — — — In du s t r i a 1 ad vane e s 13,333 6,327 4,194 224 667 355 749 661 156 — U. ¿. Government sccuritiss, direct and guaranteed 6,172,452 413,165 130,100 1,244,997 773,968 491,355 570,100 342,600 -336,521 1,,256,1Ù6 l / After deducting $471,865,000 participations of other Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Pom P.— 28Ja Released for publication Friday morning, May lit, 1943» not earner, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BASKS COMBINED (In thousands of dollars) Increase or decrease since May 12, May 5, May 13, 1943 1943 1942 A S S E T S Gold certificates on hand and due from U. S. Treasury 20,234,912 - 21,003 277.498 Redemption fund - F* R. notes 46,950 237 32,991 Other cash 354.831 + 2,720 + 55,222 Total reserves 20,636,693 - 18,520 - 189,205 Bills discounted! • Secured by U. S. Gov’ t obligations, direct and guaranteed, 25.170 + 10,127 + 17.700 Other bills discounted — mm mm - 345 Total bills discounted 25,1/0 + 10,127 16,863 Industrial advances 15.333 ’ 44o + 3.046 U. S. Government securities, direct and guaranteed* Bonds 1,061,667 - 74.300 + 254.765 Notes 969.600 - 8,100 + 277,100 Certificates 1,099,200 + 33,050 + 1;,061,800- Bills 2,241,935 -303,555 +2,094,1*01 Total U. S. Government securities, direct"and guaranteed 6,172.452 -350,405 +3,680,066. Total, bills and securities 6,210,955 -348,718 +3,707,975 Due from foreign banks . 137 + 90 + 9°‘ F. R. notes of other banks 57.536 - 4,482 + 30,260 Uncollected items ’ 1,527.714 ' -'32,376 + 347,760. Bank premises- 38.;? 16 — - 1,646 Other assets 71,886 107 ♦ 23,987 TOTAL ASSETS 23,543^837 -404,113 +3,919,141 L I A B I L IT I E S F. R. notes in actual circulation 13,200,501 + 42,126 +4,295,153 Depositsi Member bank-reserve account 11,805.329 -103,394 « 861,903 U. S. Trtiasurer-gonoral account 630,214 - 91.653 471,963- 'Foreign 902,319 - 91.976* 34,133 Other 369.700 -103,790* WÊ 134,234 Total deposits 13.707,562. -391,313 - 558,307 Deferred availability items 1.213,140 - 56,689 + „142,238 Other liabilities including accrued dividends 7.071 + 92 ♦ 1,351 TOTAL LIABILITIES 28.128,274' -405,784 +3,880,435 C A P I T A L ACCOUNTS Capital paid in 147.071 + 11 + 2,428 . Surplus (Section 7) 160,411 — + 2,909 Surplus (Section ljb) 26,829 — + 48 Other capital accounts 81,252 + 1,660 + 33.321 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 28,543,837 -404,113 +3,919.141 Ratio of total reserves to deposit and F. R. note liabilities combined 76.7?6 + r/o 13.2% Commitments to mUce industrial advances 12,887 + 574 820 *I£ay 5 figures revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fopa. F. R. 283b STATEMENT OF CONDITI® OF THE FEDERAI, RESERVE BANKS CK LîàY 12, lgltf (In thousands of:dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta . Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 20,234,912 1213,618 5,611,251 1297,800 1,834,865 1091,171 917,584 3,620,022 586,431 481,097 782,300 606,074 2,192,701 Redemption fund - F.R.notes 46,950 3,081 1,921 5,471 584 7,605 2,866 1,069 15,775 301 552 594 7,351 Other cash 354,831 33,133 87,789 25,357 35,163 .35,475 17,277 42,671 14,127 7,897 10,271 10,458 55,210 Total reserves 20,636,é93 1249,837 5,700,961 1328,623 1,370,410 1134,249 937,727 5,663,762 616,335 439,295 793,125 617,126 2,235,242 Bills discounted« Secured by U.S. Gov’ t obligations, direct and guaranteed 25,170 3,330 17,798 547 4o 2,100 500 500 50 — 50 225 30 Other bills discounted — — -- -- — — — -- — -- -- — mmmrn Total bills discounted 25,170 3,330 17,798 547 4o 2,100 500 500 50 — 50 225 30 Industrial advances 13,333 1,747 606 4,909 1,090 490 276 69 — 60 42 19 4,025 ü. S. Government securities, direct and guaranteed: Bonds 1,861,667 135,733 463,669 140,895 178,634 116,244 94*, 329 243,199 88,543 55,576 88,969 74,156 181,215 Notes 969,600 70,694. 241,437 73,379 93,059 60,542 49,390 126,664 46,115 28,949 46,338 58,623 94,380 Certificates 1,099,200 80,145 273,768 83,190 105,473 68,655 55,991 143,594 52,279 32,814 -52,531 43,784 106,996 Bills 2,241,935 89,222 952,945 103,459 104,311 70,033 59,220 316,496 224,514 30,853 60,362 40,147 184,933 Total U. S. Gov’ t securities. direct and guaranteed 6,172,452 375,799 1,931,869 405,925 431,957 315,459 259,430 829,953 411,451 148,172 243,200 196,710 567,529 Total bills and securities 6,210,955 380,376 1,950,273 411,579 433,007 318,049 260,206 330,522 411,501 140,232 ¡243,292 196,954 571,584 Due from foreign banks 137 3 1/ 103 5 4 2 2 6 1 ♦ l 1 4 F.R.notes of other banks 57,536 1,266 9,450 2,109. 2,997 5,765 5,364 6,534 4,513 1,391 6,336 2,904 7,907 Uncollected items 1,527,714 134,932 313,718 94,459 170,821 104,163 94,610 216,709 71,733 29,009 31,326 60,746 149,705 Bank premises 30,916 2,703 9,750 4,708 4,289 3,024 1,682 2,396 2,095 1,300 2,778 1,025 2,666 Other assets 71,336 4,749 17,401 5,097 3,194 '4/653 3,603 9,550 3,326 2,293 5,365 2.973 6,684 TOTAL ASSETS 28,543,637 1774,366 3,006,661 1046,365 2,539,302 1569,905 1303,694 4,729,979 1109,507 672,320 1135,.719 831,729 2,973,790 ♦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