H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F-, E. . 233 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, May 28} of-the Federal Reserve System not earlier. May 27, 1943 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 26 member bank reserve balances decreased $44,0.00,000. Reductions in member bank reserves arose from increases of $107,000,000 in money in circulation, $17,000,000 in nonmember deposits and other Federal Reserve accounts/ 000,000 in Treasury cash and a decrease of $30,000,000 in gold stock, offset in part by increases of $59.000,000 in Reserve Bank credit, $21,OOQ.OOO in Treasury currency, and a decrease of $34.000,000 in Treasury deposits with Federal Reserve Banks. ' Excess reserves of member banks on May 26 were estimated to be approximately $1,500,000,000, a decrease of $140, D'.)0,0.00 for the week. There was an-increase of $l43>000,000 in holdings of United States Government securities. Bills increased $203,000,000, while bonds decreased $52,000,000 and notes $8,000,000. Changes in member bank reserve balances and. related items-during the week and the year ended.May 26, 1943, were as follows: Increase or decrease since May 26, Kay 19, May 27, 1943 1943 1942 (In millions of dollars) Bills discounted 21 + 11 + 15 U# S. Government direct obligations 6,127 + 143 +3,645 U. S. Government guaranteed obligations 54 + 47 Industrial advances(not including 13 million commitments --May 26) 13 + 2 Cth^r Reserve Bank credit 278 - 95 + 200 Total Reserve Bank credit 6.49,3 + 59 +3,909 Gold stock 22,425 - 30 - 287 Treasury currency 4,072 + 21 + 770 Member bank reserve balances 11,838 - 44- - 629 Money in circulation 16,902 + 107 +4,931 Treasury cash 2,267 + 3 + 70 Treasury deposits with F, R. Banks 345 - 34 * 106 ^onmcmber deposits- and other F,accounts 1,637 + . 17 - 96 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS 0» MAY 26, 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 Sam Fran. F. R. notes in actual cir­ culation 13»355»968 963,067 2,944,65 944,923 1,224,316 857,228 663,349 2,640,789 561,223 333,975 473,273 293,905 1,454,450 Deposits : -Wi-OxiiL; 628,057 1,030,062 505,779 475,709 1,768,322 432,994 233,606 526,407 463,638 1,,223,720 (J.S.Treasurer-general acct. 344,899 6,112 95»6o6 12,929 32,740 21,717 19,525 35,611 20,730 17,876 11,558 14,930 47,565 Foreign ~ 958,016 2?,¿74 1/451,773 79,165 76,665 35,033 29,166 101,665 24,999 18,333 23,333 24,999 63,611 Other 363,933 4,871 253,195 8,161 10,244 9,797 4,088 2,916 12,731 10,064 3,763 2,332 36,771 Total deposits 13,506,073 653,765 4,736,697 728,312 1,149,711 573,126 528,488 1,909,014 499,454 284,879 565*061 505,899 1,371,667 Deferred availability items 1^6,256 97,168 235,45? 68,199 127,817 87,729 64,050 161,014 53>640 24,038 62,684 40,843 123,610 Other liabilities including accrued dividends 8,004 808 1,915 1,196______________665 514 275 904 ____________§91_____151______ 311 _ 537_____________427 TOTaL liabilities 28,016,301 1715,608 7,9lS,.725 1742,630 2,502,509 1518,597 1256,162 4,711,721 1114,613 643,053 1101,329 841,192 2,950,162 Capital paid in 147,380 9,520 53,909 n,6?9 15,313 5,961 5,285 16,473 4,629 3,178 4,800 4,495 12,138 Surplus (Section 7) l6o,4ll ll,l6o 58,001 15,670 14,767 5,236 5,725 22,925 4,966 3,221 3,613 4,083 11,044 Surplus (Section 13b) 26,829 2,874 7,070 4,393 1,007 3,244 717 1,429 530 1,000 1,137 1,307 2,121 other capital accounts 83,300 5,169 23,479 5,918 7,914 4,095 3,709 12,801 3,739 3,555 3,763 3,175 5,983 TOTAL liabilities AND : " ■ ■' capital accounts 28,434,221 1744,331 3,o6l,l84 1780,290 2,541,510 1537,133 1271,598 4,765,349 1128,477 654,007 1114,642 854,252 2,981,448 Commitments to make industrial advances 12,885 717 10 2,007 350 1,207 78 — 1,824 — 3,030 — 3,662 i\ R. notes outstanding 13,903,006 999,605 3,047,485 972,o?i 1,258,712 892,275 7.28,184 2,684,488 595,401 34o,462 492,699 333,030 1,558,594 Collateral for F.R.notes held by F.R.Agents* Gold certificates 13,423,000 966,000 3,060,000 875,000 1,270,000 787,000 675,000 2,730,000 300,000 345,000 490,000 341,000 1,584,000 Eligible paper 20,088 1,165 10,418 4,580 — 125 — — 3,550 200 50 U. S. Gov't securities 747,591 50,000 — 100,000 — 125,000 60,000 — 407,591 — 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 years yoars 5 years Pii Ils discounted 21,383 19,293 1,775 4o 275 — — — — Industrial advances 13,051 10,356 33 218 629 377 634 650 u. S.Government securities, direct and guarantead £) 1 1 180,583 174,476 617,108 1,016,632 904,847 526,122 567,200 335,000 886,221 1,152,977 l / After deducting $501,963,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form. F. R. 283a Released for publication Friday morning, Kay 2B,1945? n°t earlier. STATEMENT of condition OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decreaso since Kay 26, Hay 19, May 27, 1943 1943 1942 A S S E T S Gold certificates on hand and duo from U.S. Treasury 20,205»417 - 29,498 - 301,214 Redemption fund - F. R. notes 52,835 + 7,989 + 56,745 Other cash 370,297 + 5,205 + 80,769 Total reserves 20,620,549 - 16,304 - -185,700 Bills discounted: Secured by U* S. Gov’ t obligations, direct and guaranteed 21,383 + 11,300 + 16,299 Other bills discounted — 962 Total bills discounted 21,383 + 11,300 + 15,337 Indus t r i al advanc e s 13,051 4 + 2,262 U. S.Government securities, direct and guaranteed: Bonds 1,768,998 - 52,OéÇ + 159,066 Notes 948,300 - 3,500 + 252,625 Certificates 1,099,200 — +1,072,550 Bills 2,564,085 +203,464 +2,207,676 Total U. S. Government securities, direct and guaranteed 6,180,583 +142,395 +3» 691*917 Total bills and securities 6,215,017 +154,199 +3.709.516 Due fron foreign banks 137 — + - 90 F. R. notes of other banks 55»180 - 1,909 + 3i»46o Uncollected items 1,423,870 -198,631 + 428,571 Bank premises 38,377 39 1,668 Other assets 72,591 + 712 + 23,225 TOTAL ASSETS 28,454,221 - 61,972 +4,007,494 L I A B I L I T I E S F. R. notes in actual circulation 13,355,968 +101,226 +4,366,o45 Deposits: Member bank-reserve account 11,833,425 - 45,608 - 628,969 U. S. Treasurer-general account 344,399 - 34,152 + 105,956 Foreign 953,816 + 2Q.221 + 11,246 Other 363,933 - 13,927 - 118,883 Total deposits 13,506,073 - 62,466 - 630,650 Deferred availability items 1,146,25 6 -102,908 + 229,153 Other liabilities including accrued dividends 3,004 +' 1,070 + 2,087 TOTAL LIABILITIES 28,016,301 - 63.078 +5,966,635 G A P I ! AL A C C 0 U NTS Capital paid in 147,380 + 9 + 2,700 Surplus (Section 7) 160,411 + 2,909 Surplus (Section ljb) 26,829 -- + 48 Other capital accounts 83,300 + 1,097 + 35,202 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 28,434,221 -.61,972 +4,00.7.494 R.~tio of total reserves to deposit and F. R. note liabilities combined 76.8/0 - .2% - 15.2% Commitments to make industrial advances 12,885 160 - 1,493 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b STATEMENT OF CONDITI® OF THE FEDERAL RESERVE BANKS ‘ON MAY 26, 1943 (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 20,905,417 1205,333 5,564, 6q4 1264,398 1,866,579 1079,679 910,362 3,661,845 599,673 464,691 764,274 595,216 2,228,653 Redemption fund - F.R.notes 52,835 2,882 1,378 6,197 710 8,336 3,683 856 20,711 271 502 550 6,759 Other cash 370,297 32,043 85,638 22,839 33,099 33,816 18,110 40,171 13,513 8,145 19,596 10,763 52,55? Total reserves 20,628,549 1240,258 5,651,710 1293*434 1,900,388 1121,831 932,175 3,702,872 633,902 473,107 784,372 606,529 2,287,971 Bills discounted: Secured by U* S. Gov* t obligationst direct and. guaranteed 21,383 1,165 10,418 4,580 4o 125 500 500 3,550 2001 50 225 30 Other bills discounted -- — — — -- — -- -- -- — - -- Total bills discounted 21,383 1,165 10,418 4,580 4o 125 500 500 3,550 200 50 225 30 Industrial advances 13»091 1,735 605 4,789 960 488 270 69 — 49 42 19 4,025 U. S. Government securit•ies, direct and guaranteed: Bonds 1,768,998 128,955 437,792 133,421 169,550 .111,038' 90,751 232,303 84,240 52,787 84,555 70,558, .173,068 Notes 948,300 69,128 234,685 71,521 90,389 59,523 48,648 124,532 45,158 28,299 45,317 37,824 92»776 Certificates 1,099,200 80,128 .272,030 32,904 105,353 ‘60,996 56,390 144,346- 52,344 32,300 52,527 43,843 107,539 Bills 2,364,085 93,430 1105,457 98,316 93,348 66,760 50.153- 346,879 230,990 30,945 54,896 36,890 156,021 Total U# S# Gov*t securities, ; - ■ direct and guaranteed 6,180,533 371,641 2,049,964 3^6,162 459,140 306,317 245,942 848,060 412,732 144,831 237,27-5 189,115-■ 529,4o4 Total bills and securities 6,215,017 374,541 2,060,987 395,531 46o,l4o 306,930 246,712 843,629 416,282 145,080 237,367 189,359 533,459 Due from foreign banks 137 3 1/ 108 5 4 2 2 6 1 ♦ 1 l 4 F. R. notes of other banks 55,180 1,242 8,580 1,957 1 - 2,236 ■ 4,8Ï5 6,434 5,388 4,460 1,074 7,025 2,028 9,441 Uncollected items 1,423,870 120,855 312,607 79,163 166,093 95,957 3i,o4i 195,674 68,363 31,047 79,623 52,238 141,139 Bank premises 30,877 2,703 9,750 4,696 4,279 3,017 .1^678 2,396 2,-094 1,300 2,778 .1,026 2,660 Other assets 72,591 .4,729 17,442 5,504 8,37ö 4,531 3,556 9,334 3,375 2,399 3 >406 3,071 6,774 tgtaL assets 28,434,221 1744,331 8,061,184 1700,290 2541,510 1537,133 1271,598 4,765,349 1128,477 654,007 1114,642 354,252 2,931,448 ♦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