H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F* R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, June 18; of the Federal Reserve System not earlier. June 17, 1943 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 16 member bank reserve balances increased $346,000,000. Additions to member bank reserves arose from increases of $91,000,000 in Reserve Bank credit'and $2,000,000 in Treasury currency and decreases of $169,000,000 in Treasury deposits with Federal Reserve Banks, $48,000,000 in pioney in circulation and $37*000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on June 16 were estimated to be approximately $1,630,000,000, an increase of $120,000,000 for the week. There was a decrease of $10,000,000 in holdings of United States Government securities. Certificates of indebtedness increased $659»000,000 duo to the issuance to the Federal Reserve Banks of a spccial series certificate of indebted­ ness in that amount, while bonds decreased $150,000,000, notes $83,000,000, and bills $436*000,000. Changes in member bank reserve balances and related items during the week and the year ended Juno 16, 1943* were as follows: Increase or decrease since June 16, June 9, June 17, 1943 1943 1942 (In millions of dollars) Bills discounted 11 - 2 + 6 U. S. Government direct, obligations 6,572 - 10 +3*998 U. S. Government guaranteed obligations 54 — + 49 Industrial advances (not including 13 million commitments - June 16) 13 + 2 Other ’Reserve Bank credit 439 +103 + 230 ïotal Roserve Bank credit 7,089 + 91 +4,286 Gold stock 22,407 -- - 322 Treasury currency 4*080’ •+ 2 + 769 Member bank reserve balances 12*511 +346 - 195 Money in circulation 17*189 - 4s +4,981 Treasury cash 2,278 + 1 + 89 Treasury deposits with F.R.Banks 6 -169 - 154 Nonmember deposits and other F.R.accounts 1*591 - 37 + 10 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora ?# ft. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 16, I9U3 (In thousands of dollars) L I A B I L I T I E S Total Boston ]New York Phi la.. Cleve. Rich. -¡itlanta Chicago St.Louis Minn. Kans.Cy* Dallas San Fran». F. h, notes in actual cir­ culation 13, 656,314 983,86? 3,016,904 963,964 1,242,120 379,11x4 696,099 2,675,538 575,522 538,055 434,732 309,555 1,491,8-54 Deposits: Member bank-rfeserve acct. 12,511,446 641,145 4,146,374 659,604 1,111,761 539,1+33 499,199 1,883,757 409,546 255,775 5^7,392 436,157 1,350,145 0*S,Treasurer-general acct. ! 5,997 16 51x3 236 557 566 596 587 585 %k 531 593 533 ¿•orexgn 1,030,807 26,257 1/478,948 87,099 84,34a 39.Ù24 32,089 111,853 27,505 20,170 25,671 27,505 59,930 Other 226,880 5,667 128,739 5,603 10,652 6,273 2,153 3,276 n,754 3,909 2,577 3,1x99 35,723 Total deposits 13,775,130 673,085 U,754,654 752,542 1,207,328 587,746 534,042 1,999,-573 449,Ù90 236,596 576,171 517,754 1,436,557 Deferred availability items 1, 579, 561 122,526 317,292 120,076 183,922 121,878 90,590 230,552 75,31x4 29,408 75,742 55,519 159»H2 Uthor liabilities including accrued dividends 7,827 1,022 2,230 605 590 506 265 799 303 137 451* 228 491 TOTaL LIABILITIES 29,01s,.332 1780,502 0,091,130 1837,907 2, 634,000 1509,27h 1320,796 4,906,612 1095,559 651;, 046 1158,096 381,066 3,087,004 Capital paid in 148,457 9,523 5^,891 11,661 15,400 5,955 5,273 16,402 4,525 5,100 4,307 4,5H 12,134 Surplus (Section 7) 160,411 11,160 50,001 15,570 14,767 5,236 5,725 22,925 4,956 5,221 5,615 4,003 11,044 Surplus (Section 13b) 26,829 2,874 7,070 U,393 1,007 3,244 717 1,429 530 1,000 1,157 1,307 2,121 Other capital accounts 86,741 5,337 24,561 6,237 0,237 4,286 3,846 13,183 3,895 3,526 3,904 3,292 6,289 TOTAL LIABILITIES AED COITAL ^CCOIMTS 29,441,270 1809,446 8,235,653 1875,9b8 2,673,1x71 1608,005 1336,362 4,960,631 1110,673 665,873 1151,557 894,259 3,119.392 Commitments to make industrial advances 12,512 717 10 1,957 310 1,220 61 1,319 — .3,000 — 3,1x18 F. R. notes outstanding 14,258,348 1027,010 3,133,215 996,187 1,289, ¿95 910,234 742,508 2,752,134 604,072 347,090 505,175 359,705 1,601,325 Collateral for F.R.notes held by F.R.Agents: Gold certificates 13,71*0,000 937,000 3, 145,000 900,000 1,290,000 797,000 c95,000 2,790,000; 550,000 3^0,000 510,000 3lx7,ooo 1,629,000 Eligible paper 9,308 2,135 6,693 300 — 25 — -- 100 -- 50 — — U. S. Gov* t securities 685,077 100,000 — 100,000 — 125,000 ■50,000 295,077 -- 5,000 -- — ivluTURITY DISTRIBUTION OF BILLS ,JID SECURITIES 'Within 16 to 31 to 61 t© 91 days to (S months 1 to 2 2 tq 5 Over Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 y^cirs Bills discounted 10,798 6,510 3,563 325 300 • -- --- — — — Industrial advances 12,947 10,261 45I 153 364.. 517 65Ù Sll 13■6 U. S. Government securities, -, direct and guaranteed 6,626,306 1,080,702 618,253 920,710 727,643 858,550 454,800 248,500 792,171 945,077 l / After deducting $550,281,000 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, June 18*191*3, not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease \ since June 16, June 9» June 17, - 1943 19^3 191*2 .1 a s s e t s . Gtold certificates on hand and due from U. S. Treasury 20,189,051* - 2,762 366,973 Redemption. fur.d •• F. R. notes 53,251 + 1,91*3 . + 38,899 Other cf.sii 565,699 + 17,098 * 91,923 Total ;->s antes 20,508,99if. +16,279 • 236,151 Bills discounted* Secured by U. S. Gov’ t obligations, direct ,and guaranteed ’lO,790 - 2,075 + 5,853 Other bills discounted — — - 701* Total bills discounted 10,793 - 2,075 + 6,11*9 Industrial advances * 12,91*7 369 + 2,330 U. S. Government securities, direct and guaranteed: Bonds 1,560,91*8 -150,100 1*5,21*6 Notes 81*7.100 • - 03,100 + 3 31,525 Certificates 1,753,200 +559,000 , 7'~6,108 Bills 2,1*60,05'3 -1*35,309 +2,235*57 5 Total U S. Government securities, di-'Qe ^ ^nd ¿;u a rat? t ¿ed 6,626,306 - 9,509 +U,oU7f762 . Total bills and securities 6,650,051 - 11,9& ‘ ,055,2141 Due from foreign bonks 137 — + 90 F. R. notes of ocher banks 66,952 + .9,220 + 59,1*25 IJncollooted items 2,018,-507 +586,102 570,287 Bank premises 38,016 812 - 2,501 Othur assets 58,613 - 17,1*77 + 19,121 C , u > ■■ ! K- TOTaL ASSETS 29,1^1,270 +581,359 +1**1*)* 6, 512 L I ¿ B I L I T I E S’ F. R. notes in actual circulation 13,656,311* - 23,355 ‘ +14,1427,6114 Deposits: Membor bunk-reserve account 12,511,^*6 +31*6,14.09 - 195,038 U. S. Treacurer-gencrnl account. ' 5,997 -169,332 - 153,722 Foreign 1,030,807 + 15,630 + 69,329 Other 226,830 - 69,3014. - 83,531* Total deposits 15,775,130 +122,903 - 367,9^5 Deferred availability items ■ 1,579‘,5^1 +1*83,055 + 31*0,507 Other liabilities including accrued dividends 7,827. - 2,961 + 1,556 TOTAL LIABILITIES 29,01.8,832 +579, $1*2 . +14,1*01,512 / C A P I T A L A C C OUNT S Capital paid in 11*3,li 57 + 1,101 + 5,75U Surplus (Section 7) , 160,1*11 .+ 2,909 Surplus (Section 13b) 26,829 1*8 Other capital accounts •86,71*1: ‘ + 61S + 38,289 TOTAL LIABILITIES AND CAPITAL ACCOUNTS S9,iUl,270 + 501 #359’ +1*, 1*1*6,512 Ratio of total reserves to deposit and F. R. note liabilities combined :75a7o - •2c/o II4.1% Comioitmer.vS to make industrial' advances • • 1 1 0 2 ' ,5 C 1 IO 2 + 1 1 6 Lt 3 l 3,990 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

l'orm F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS CGSL JUHB 16, 191*3 (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. Cold certificates on hand and due from U. S* Treasury 20,189,05k 1188,202 5,1*21,113 1262,1*95 1,00?,100 1C56,?00 921,720 3,71*1**936 591,-81*1* 1*53,360 ’7'S3,9>9 591*,035 2,287,530 fiedemption fund - F.iunotes 53,251 5,726 1,771 5,888 51k 6,61+1* 3,522 61*5 20,6^9 250 1*59 505 6,678 Other cash ' 366,689 3k A lb 86,710 25,355 28,910 30,91*1* 15,039 1*1**967 13,321 7,803 18,608 10,621 . 50,203 Total reserves 20,608,99li 1228,103 5,509,627 1293,738 1,932,521* lOpli.233 91*0,281 3,790,598 625,811* 461,1*13 733,036 605*161 2,3 iil*,l*H Bills discounted: Secured by U*S* Gov*t obligations, direct and guaranteed 10,798 2,135 VO 00 300 ko 25 — 100 —; 50 1,1*50 -- Other bills discounted — — — :— — — — -- — — — ■ . . Total bills discounted 10,793 • 2,135 6,698 300 ko 25 -- — 100 — 50 1,1*50 — Industrial advances 12.q1i7 1,701 590 1**821; 980 1*21 21*9 65 — 1*8 30 . 18 1*,021 u. S. Government securities, direct and guaranteed* Bonds l,560,9li8 113,-757 332,929 111,17k 11*9,375 98,680 80,852 206,443 7l*,i*59 1*6,552 71*, 587 32,372 153,768 Notes 8li7,100 61,743 208,-601 53,717 81,117 53,387 1*3,691* 111,692 1*0,378 25,269 1*0,1*78 33*-82li 83,200 Certificates 1,758,200 128,125 1*30,521* 131,851 168,196 111,315 91,252 232,871* 83,898 52,1*28 81;, 010 . 70,280 173,1*1*6 Bills 2,Ì4o0,058 100,625 1195,760 122,297 96,068 91,01*3 59»198 308,429 190,872 33,157 58,501* 4*6,212 157,973 total U. S. Govft securities, direct and guaranteed 6,626,306 l;0li,250 2217,831* U35.039 l*9l*,756 35k, 1*26 27l*,996 859,1*33 389.607 157,1*06 257,579 212,688 558,237 Total bills and * securities 6,650,051 1*08,086 2225,122 1*1*0,163 ¿*95,776 35I*,872 275,21*5 859,503 389,707 157.1*5U 257*659 211*, 156 572,308 Du© frcwa foreign banks 137 3 1/56 13 13 6 5 17 3 2 1* 1* 11 F. R. notes of other banks 66,952 1,620 12,019 2,>60 3,571 5,951 5,016 8,711* 5,331 2,593 6,137 3,109 9,31. Uncollected items 2,018,507 165,11*5 1*55,153 131,115 £30,1*11* 11*6,031 111,350 290,999 85,016 1*1,099 99,200 58,378 184,607 Bank premises 38,016 2,698 9,732 1*,596 I* ,27? 3,201* 678 2,690 2,091 1,297 2,773 1,018 2,66c Other assets 58,613 3,791 13,91*4 3,863 6,79l* 3,553 2,907 7,910 2,711 2.015 2,71*8 2,1*33 5,761* TOTAL ASSETS 29,¿¿1,270 1809,1*46 8,235,653 1875,91*8 2,673,1*71 1608,005 1336,362 ¿*,960,631 1110,673 565,873 H51,557 89l*,259 3,H9,392 l / After deducting $81,000 participations of oth^r Federal Reserve Bank», Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis