H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 253 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, June 11; of tho Federal Reserve System not earlier. June 10, I9I4.3 CONDITION OF THE FEDERAL RESERVE BaNKS During the week ended June 9 member bank reserve balances increased •$103,000,000. Additions to member bank reserves arose from increases of $i4o3,000,000 in Reserve Bank credit and $3,000,000 in Treasury currency, offset in part by increases of $16^,000,000 in Treasury deposits with Federal Reserve Banks, $121,000,000 in nonmember deposits and other Federal Reserve accounts, $i|.l,000,000 in money in circulation, tind £5»000,000 in Treasury cash and a decrease of $20,000,000 in gold stock. Excess reserves of member banks on June 9 were estimated to be approximately $1,510,000,000, a decrease of $120,000,000 for the week. There was an increase of $1|19,000,000 in holdings of United States Govern­ ment securities. Bills increased 55,000,000, while bonds decreased $26,000,000 and notes $10,000,000. . Changes in member bank reserve balances and related items during the week and the year ended June 9, I9I43, wero as followss Increase or decrease since June 9, June 2, June 10 I9Ì4.3 I9I43 19^2 (In millions of dollars) Bills discounted 13 - 3 + 7 U# S*. Government direct obligations 6,532 +I4I9 +14,019 U# S. Government guaranteed obligations 5h + ¿ 4.9 Industrial advances(not including 12 million commitments - June 9) 13 + 2 Other Reserve Bank credit 536 + 52 + 212 Total Reserve Bank credit + [463 +¿4,290 Gold stock - 20 - 3IO Treasury currency + 3 + 7'63 Member bank reserve balances + 108 - I46I4 Money in circulation + I4I +5,061 Treasury cash + 5 + 6I4 Treasury deposits with F.R,Banks + 169 + 3 3 Konmember deposits and other F.R.accounts +121 ; + 2 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 ON JUNE- 9, I9U5 (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. H.. notes J.n actual cir­ culation 13*679,6^ 985,833 3,011,461 962,255 1.242,332 082,322 698,966 2,604,407 ‘ 574,9^9 338,465 486,457 311.187 1,501,015 Deposits; Member bank-reserve acct,.12,165,037 622,200 4,052, 511 630,419 1,053,402 520,092 492,340 1,819,973 427,576 245,847 543,466 475,839 1,281,372 U.S.Treasurer-general acct. 175,329 4,290 32,324 4,607, 14,567 6,101 16,857 34,592 8,638 22,847 6,897 15,674 9.655 Foreign 1,015,177 26,502 1/ 463,088 87,089 84,339 39,419 32,086 111,841 27,502 20,168 25,668 27,502 69,973 Other 296, 684 4,822 - 201,840 5,387 9,860 8,914 1,831 2,600 13,759 9,297 . 2,069 2,755 33,550 Total deposits 13,652,227 657,814 4,749,763 727,782 1,162,168 574,526 543,114 1,969,006 477,475 298,159 578,100 519,770 1,394,550 Deferred availability items 1,096» 506 93,531 216,180 63,767 107,287 84,296 63,377 156,288 56,592 25,296 70,394 40,275 119.225 Other liabilities including accrued dividends 10,788 795 2,191 3, <59 2; 687 627 280 984 320 2o4 295 ’ 207 506 TOTAL LIABILITIES 28,^39,190 1737,973 7,979,595 1757,496 2,512,474 1541,771 1305,737 4,810,685 1109,356 662,124 1135,246 871,437 3,015,296 Capital paid in 147,356 9,520 ■ 53,910 11,661 15.310 5,962 5,274 16,474 4,624 3,180 4,807 • 4,495 12,139 Surplus (Section 7} 160,411 11,160 58,001 15,670 14,767 5,236 5,725 22,925 4.966 3,221 3,613 •4,085 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 1,507 2,121 Other capital accounts 86,125 5,341 24,289 6,188 8,187 4,250 3,821 13,101 3,895 3,623 3,942 3,267 6,221 TOTAL LIABILITIES AND capital Accounts 28,859,911 1766,868 8,122,865 1795,408 2,551,745 1560,463 1321,274 4,864,614 1123,371 673.148 1148,745 884,589 3,046,821 Commitments to make industrial advances 12,349 717 10 1,592 380 l,2ol 61 1,819 3.025 — ■ 3,546 F. R. notes outstanding 14,161,545 1018,059 3,1^8,136 .992,752 1*275,497 904,892 737.711 2,739.072 603,ill’ 344,438 503,856 559.914 1,584,127 Collateral for F.h. notes " ‘ held by F.R.Agents; Gold certificates 13,652,000 979,000 3,145,000 900,000 1,280,000 797,000 685,000 2,760,000 300,000 345,000 510,000 547,000 i,oo4,ooo Eligible paper 12,008 1,135 6,298 1,800 — 125 — -- 2,600 50 -- U. S. Gov’ t securities 702,645 50,000 100,000 — 125,000 , 60,000 — 362,645 — 5,000 — -- MATURITY DISTRIBUTION OF BILLS AND SSCUKITIES - Within l6 to 31 to 61 to 91 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 years 5> years Bills discounted 12,873 5,785 4,423 315 2,350 • ~r ' -- — Industrial advances 13,316 10,588 61 596 365 ’350 603 617 136 u. b. Government securities, ' . direct'and guaranteed 6,635,815 674 i 469 676,302 1,144,735 754,371 670,690 417,100 329,600; 683,2711, 085,277 l / After deducting $55^,031*000 participations of other Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F, R. 28Ja Eeleased for publication Friday morning, Juno 11, 1943; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDEItAL HESSkVE BANKS COMBINED (In thousands of dollars) Increase or decrease since June .9, June 2, June 10, 1943 1943 1942 A S S E T S Gold certificates on hand and due from U. S. Treasury 20,191,816 - 21,001 - 325,313 Redemption fund - F. K. notes 51,308 248 + 36,866 Other cash 349.591 + 6,503 + 74,666 Total reserves 20,592,715 - 14,746 - 214,281 Bills discounted: Secured by U. S. Gov11 obligations, direct and guaranteed 12,873 - 3,305 .+ 7,894 Othsr bills discounted — -- 937 Total bills discounted 12,873 - 8,305 + 6,957 Indus tri al advanees 13,316 + 317 + 2,779 U. S. Government securities, direct and guaranteed: Bonds 1,711,048 - 26,200 + 108,104 Notes 930,200 - 10,00.0 + 217,425 Certificates 1,099,200 — +1,067,108 Bills 2,895,367 +455,432 +2,675,634 Total U# S# Government securities, direct and guaranteed 6,635,815 +419,232 +4,068,271 Total bills and securities 6,662,004 +411,244 +4,073,007 Due from foreign banks 137 + 90 F. I;, notes of other banks 57,732 + 7,705 + 31,302 Uncollected items 1,432,405 -103,234 + 403,420 Bank promises 38,828 — 1,639 Other assets 70,090 + 3,283 + 23,345 TOTAL ASSETS - 26,859,911 +304,202 +4,320,194 L I A B I L I T I E S F. h, notes in actual circulation 13,679,669 + 56,836 +4,434,953 Deposits s Member bank-reserve account 12,165,037 +108,512 - 463,873 U. S. Treasurer-general account 175,329 +1^9,209 + 33,671 Foreign 1,015,177 + 47,595 + 36,869 Other 296,634 + 72,255 - 58,067 Total deposits 13,652,227 +397,571 - 4oi,4oo Deferred «availability items 1,096,506 -155,413 + 191,130 Other liabilities including accrued dividends 10,788 + 3,612 + 2,117 TOTAL LIABILITIES 28,439,190 +302,606 +4,276,850 C A P I T A L ACCOUNTS . Capital paid in 147,356 20 + 2,678 Surplus (Section 7) 160,411 — + 2,909 Surplus (Section 7) 26,829 — + 43 Other capital accounts 56,125 + 1,616 + 37,709 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,359,911 +304,202 +4,320,194 Ratio of total reserves tc deposit and F.k. note liabilities combined 75.3% 1.4% - 14,2>/o Commitments to make industrial advances 12,349 527 - 1,328 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Farm P, R. 283b STATEMENT OF CONDITION OF THE FED SEAL RESERVE BANKS CK JUNE 9, I9I43 (In thousands of' dollars) £ S $ E T a Total Boston New York Phila. . Cleve. Rich. Atlanta Chicago St.Louis Einn. Kans.Cy. Dallas San Fran. Gold certificates on hand and duo from U, S. Treasury 20,191,816 1221,847 5,268,316 1249,973 1,908,587 1091,724 951,549 3,761,897 619,888 479,102 777,014 611,308 2,250,611 Redemption fund - F.R.notes 51,308 2,773 . 1,958 5,981 5&9 7,142 3,56? 705 20,663 259 472 518 6,694 uther cash 349,59* 30,099 81,835 23,832 27,642 31,364, 15,704 42,209 12,327 7,753 13,409 . 9,514 48,883 Totaj. reserves 20,592,715 1254,719 5,352,109 1279,786 1,936,798 1130,250 970,822 3,804,811 652,883 487,114 795,89 5 621,340 2,306,188 Bills discounted» Secured by U. S. Gov’ t obligati6ns, direot arid guaranteed 12,873 1,135 6,298 1,800 40 125 — — -2,600 — 50 825 -r Other bills discounted — — — — — — — — — -- -- Total bills discounted 12,873 1,135 6,^8 1,800 4O 125 — — 2,600 — •.■ ' 50 825 Industrial advances 13,316 1,726 590 5,177 946 421 261 65 — 48 42 19 4,021 U. 3. Government securities, direot and guaranteed: Bonds 1,711,048 124,7^ 424,4oo 13?,206 164,060 107,204 87,559 224,283 31,446 51,066 31,763 68,216 167,101 Notes 930,200 67,314 230,723 70,241 89,192 58,280 47,6o2 121,930 44,275 27,763 44,454 37,082 90,844 Certificates 1,099,200 80,134 272,640 83,oo4 105,395 68,869 56,249 144,082 52,322 32,306 52.528 43.323 107,348 Bills 2,895,367 104,107 1,436,752 137,643 106,365- 39,125 61,776 347,965 213,066 34,049 .72,145 45,411 196,953 Total U. S. Gov* t secui'ities, direct and guarantee? £7635,815 376,794 2,414,515 420,099 465,012' 323,478 253,186 833,260 '391,'109 145,684-: 250,895 194,532 5^2,251 Total bills and securities 6,662,00Î4. 379*655 2,421,403 427,076 465,998 324,024 253,447 838,325 ' 393,709 145,752; 250,987 195,376 566,272 1 Due from foreign banks 137 ' 3 1/ . .56 13 13- 6 5 : 17 3 2 4 U 11 F. R* notes of other banks. 57,732 1,343 To,116 2,211 2,578 4,373 5,590 7,232 4,534 1,975 6,737 2; 650 ’ 8,533 Uncollected items 1,432,405 123,674 311,906 73,553 133 , 599 94,037 35,932 201,845 66,670 34,610 03,937 61,103 156,431 Bank premises 38,328 2,698 9.732 4,695 4,279 5,017 1,678 2,390 2,091 1,297 2,773 1, oiu 2,660 Cther assets 76,090 4,771 17,543 3,074 8,430 4,701 3,750 9.494 3,473 2,418 . 3,412 . 5,093 6,376 TOTAL ASSETS 20,359,911 1766,363 0,122,865 1795,408 2,551,745 1560,463 1321,274 4,364,614 1123,371 673,143 1143,745 384,539 3,046,321 l / After deducting $31,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis