H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Forn F, k. 233 * STiiTiaiEHT Füll THE FidäSS Keleased for publication Board of Governors Friday morning, June 25; of the Federal Reserve System not earlier. June 24» I9Í4.3 CONDITION OF THE FEDERAL KBSBKVEBaNKS During the week ended June 23, member bank reserve balances decreased $208,000,000. Reductions in member bank reserves arose from increases of $203,000,000 in Treasury ' deposits with Federal Ksseive Banks and $131,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $20,000,000 in gold stock offset in part by an increase of $106,000,000 in Reserve Bank credit and decreases of $35,000,000 in money in circulation and $10,000,000 in Treasury cash. Excess reserves of member banks on June 23 were estimated to be approximately $1,300,000,000, a decrease of $330,000,000 for the week. There was an increase of $122,000,000 in holdings of United States Govern­ ment 'securities. Bills increased $835,000,000 while bonds decreased $37,000,000, notes $16,000,000, and certificates $660,000,000. The decrease in holdings of certificates- was due to the redemption of the spccial series certificate held by the Federal Reserve Banks a week ago. Changes in member bank reserve balances and related items during the week and the year ended June 23, 1943, were as follows» Increase or decrease since June 23, June l6, June 24, .191*3 191*5- I9té (In millions of dollars) Bills discounted + 0 + Ik U. S. Government direct obligations +122 +4,116 U.. S. Government guaranteed obligations + 1*9 Industrial advances (not including 12 million commitments - June 23) 13 + 2 Other heserve Bank credit klk - 24* + 315 ¡Total Reserve Bank credit +106k +4,14.96 Gold stock - 20 - 3I48 Treasury currency - 1 + 766 Member bunk reserve balances 12,223 -233 - 300 I'one y in circulation 17,154 - 35' + 4,923 Treasury cash 2,263 - 10 + 77 Treasury deposits with F.h,Banks 294 +233 + 155 Konmember deposits end other F.-h.accounts 1,721 +131* + 60 ♦June 16 figures revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 233c STATEMENT OF CONDITION OF THE) FEDERAL RESERVE BANKS ON JUNE 23, I9I4.3 (In thousands of dollars) L I A B I L I T I E S Total Boston Now York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy.Dallas San Fran. F. R.„notes in actual cir* culation 878,963 691,363 2,673,191 572,900 337,880 484,318 307,675 1,492,451 Deposits: 510,921 483r720 1,342,368 420,334 250,853 527,322 455,219 1,320,040 U.S»Treasurer-general acot. 293,726 1,286 286,728 520 564 455 359 508585 507 568 535 l,lll Foreign 1,081,567 26,21*6 1/515,815 4o,466 32,937 891,4140,18 09 . 862,35,7§832 20,703 26,350 28,232 71,793 Other 304,590'. 5,083 203,551 8,270 2,612 5,1034,3 76 121,03,%954 10,162 2,097 2,521 35,801 Total deposits 13,903,125 669,1925,098,883 733,79^1,143,410 560,177 519,0331,960,912 463,105 252,225 556,337 486,507 1,428,750 Deferred availability items 1,233,383 93,451 266,426 80,206 134,262 110,723 81,372 178,239 61,714 27,334 64,6l6 47,428 138,107 Other liabilities including accrued dividends 8,451 951 2,46? 677 718 596 312 955 332 235 417 278 511 TOTaL LIABILITIES 28,830,253 1743,949 3,379,549 1776,798 2,520,196 1550,464 1292,330 4,813,297 1098,051 647*674 1105,638 841,388 3,059,319 Capital paid in 148,525 9,530 54,093 11,661 15,401 5,963 5,290 16,491 4,625 3,130 4,310 4,5H 12,165 Surplus (Section 7) 160,411 11,160 -53,001 15,670 14,767 5,236 5,725 22,925 4,960 3,221 3,613 4,083 n,o44 Surplus (sectioni 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 87,390 . 5,431 24,755 6,500 3,279 4,321 3,871 13,243 3,955 3,625 3^956 3.306.. 6,348 Tt'TAL LIABILITIES AND CAPITAL ACCOUNTS 29,253,408 1772,944 5,524,268 1,314,822 2,559,650 1569,233 1308,433 b.,867,335 1112,127 653,700 1119,204 85^,095 3,091,497 Commitments to make industrial advances 12,465 717 10 1,376 371 1,225 61 — 1,319 — 3,000 3,386 F. R. notes outstanding 14,304,661 1025,188 3,133,2;7 998,965 1,239,763 9H,575 761,044 2,763,184 604,367 344,980 505,072 344,976 1,612,250 Collateral for F.R.notfes held by F.h.Agentsj Gold certificates 13,300,000 937,000 3,165,000 925,000 1,290,000 807,000 695,000 2,790,000 350,000 350,000 510,000 352,000 1,629,000 Eligible paper 18,293 1,180 8.543 245 — 175 ” — 7,100 — 1,050 — • U.S.Gov*t securities 750,289 100,000 100,000 125,000 75,000 345,289 5,000 — MATURITY DISTRIBUTION OF BILLS ABD SECURITIES Within 16 to 31 to 61 to 9I days 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 18,938 17,923 I90 325 500 Industrial advances 12,69O 10,315 31 582 426 231 584 386 135 — U. S. Government securities, direct and guaranteed 6,748,127 630,531 465,573 1,268,707 1,094,659 921,859 433,100 240,600 705,171 907,377 l/ After deducting $564,167,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 253^ Released for publication Friday morning, June 25> 191*3 J n0^ earlier. STATEMENT OF CONDITION OF TIE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since June 23, June 16, June 21*, 19^3 191*3 191*2 A S S E T S Gold certificates on hand and due from U. S. Treasury 20,171,715 - 17*339 - 370,912 Redemption fund - F. R. notes 5l*,76o + 1,509 + 33,612 Other cash 333»77k + 17,035 + 97,523 Total reserves 20,610,21*9 + 1,255 - 21*2,772 Bills discounted» Secured by U.S. Gov't obligations, direct and guaranteed 18,933 + 8,11*0 + 15,1*93 Other bills discounted 1,689 Total bills' discounted 16,938 + 3,11*0 + 13,301* Industrial advances 12,690 257 + 2,091* U. S. Government securities, direct and guaranteed» Bonds 1,523,71*3 - 37,200 - 08,633 Notes 331,1*00 - 15,700 + 111*, 625 Certificates 1,098,200 -660,000 +1,061*,098 Bills 3»29k,779 +831*, 721 +3,075,301* Total U. S. Government securities, direct a!nd' guaranteed 6,71*3,127 +I2i,92i +1*, l65,?9l* Total bills and securities 6,779,755 +129,701* +1*, 131,292 Due from foreign banks 137 — + 90 F. R. notes of other banks 63,395 + 1,1*1*3 + 1*2,51*6 Uncollected items 1,697,697 -319,010* + 601,771 Bank premises 38,999 17* 1,1*81* Other assets ■ 58,176 1*37 + 17,1*1*1* TOTiiL ASSETS 29,253,1*08 -187,362 +1**598,037 L I A B I L I T I E S F. R. notes in actual circulation I3,63l*,79l* -21,520 +1*.381,125 Deposits* Member bank-reserve account 12,223,21*2 -233,201* - 300,101 U. S. Treasurer-general account 293,726 +207,729 + 155,11*1 Foreign 1,001,567 + 50,76*0 + 116,539 Other 30i*, 590 + 77,710 - 88,5?2 Total deposits 13,903,125 +127,995 - 117,013 Deferred availability items 1,233,803 -295,678 + 287,093 Other liabilities including accrucd dividends 3,1;51 + 621* + 2,129 TOTiiL LIABILITIES 20,830,253 -130,579 +1**553,331* C A P I T- A L A C C OUNT S Capital paid in 11*3,525 + 63 ■ + 3,732 Surplus (Section 7) 160,1*11 — + 2,909 Surplus (Section 13b) 26,829 + 1*8 mm-r Other oapital accounts 37,3?0 + &*9 + 38,811* TOTiiL LIABILITIES aND CAPITAL ACCOUNTS 29,253,1*08 -187,362- +¿*,598,037 Ratio of total reserves to deposit and F. R, note liabilities combined 7U. G*» - .3% - ll*.8"/i Commitments to- make industrial advances 12,1*65 1*7 1*,367 *June 16 figures revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Pona F. R. 28Jb STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE . 23, 19^3 (In thousands of dollars) . A S S E T S Total äoston 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 20,171,715 1238,326 5,521,723 I23I+, I7U 1,891,128 1050,81+0 918,987 3,639,670 578,312 1+51,505 •755,678 576,1*1*8 2,3il*,92l* Redemption fund - F.R.notes 5l+,760 5,666 1,1+1+3 5,777 1+33 8,013 ¿+,1+52 ' 560 20,625 21*3 ul+3 1+87 6,618 Other cash 383,771+ 37,919 88,277 26,1+39 27,6M+ . 33,1+90 19,338 1+7,798 13,621 9,618 . 19,557 11,1+76 1+8,597 Total reserves 20,610,21*9 1281,911 5,611,1+1+3 1266,390 1,919,205 1092,:3l+3 91+2,777 3,683,023. 612,558 ¿*61,366 775,673 533,1*11 2,370,139 Bills discounted: Secured by U.S. Gov’t obligations, direct and guaranteed 18,938 1,180 8,51+3 21+5 1+0 175 325 7,100 — 1,050 280 -- Other bills discounted -- -- —- --- —— — — *— — — Total bills discounted 18,938 1,180 8,51+3 21+5 ho 175 325 — 7,100 -- 1,050 280 --- Industrial advances 12,690 1,695 590 1+.671+ 892 1+20 237 65 — 1+8 30 18 1+,021 U.S. Government securities* direct and guaranteed* Bonds 1,523,71+8 111,055 371+, 697 111*, 523 11+5,878 96,11+2 78,720 201,136 72,651 1*5,1+1# 72,811 60,857 11+9,821* Notes 831,1+00 60,395 20l+,l+Ì+5 62,1*90 79,595 52,1+58 1+2,952 109,71+6 39,61+0 21t,79S 39,728 33,205 81,71+8 Certificates 1,098,200 80,039 270,052 82,51+2 105,135 69,295 56,736 ll+U,961+ 52,362 32,758 52,1+75 1+3,860 107,982 Bills 3,291+,779 97,287 1,61+0,930 179,888 116,835 105,836 75,386 1*61*,1*17 21*6,867 53,566 77,1+06 57,385 178,1+76 l’otal U. S.Gov*t securities, • direct and guaranteed 6,71+8,127 31+8,976 2,1+90,121* 1+39,1+1+8 1+1+7,1+1+3 323,731 253,791+ 920,263 1*11,520 156,571 21*2,1*20 195,807 518,030 Total bills and securities 6,119,155 351,851 2,1+99,257 l+l+i+,367 1+1+8,375 3Sl+,326 251+,356 920,328 1*18,620 156,619 21*3,500 196,105 522,051 Due from foreign banks 137 3 1/ 56 13 13 . 6 5 17 3 2 1+ • 1+ 11 F. R. notes of other banks 68,395 1,679 ”8,515 2,712 i+,006 ‘ 6,753 7,171 9,227 5,195 2,993 6,317 2,832 10,955 Uncollected items 1,697,697 130,927 381,1+80 92,726 177,177 138,375 99,51+0 239,216 70,905 3I+, I+60 '88,238 6i+,255 179,898 Bank premises 38,999 2,698 9,732 1+.696 l+,270 3,197 1,677 2,890 2,091 1,297 2,773 1,018 2,660 Other assets 58,176 3,875 13,735 3,918 6,60l+ 3,693 2,957 7,679- 2,755 1,963 2,69!+* 2,1*70 5,783 TOTAL ASSETS ^ ,253,1*08 1772,91+1+ 8,521+,268 18ll+,822 2,559,650 1569,233 1308,1+83 h,867,385 1112,127 658,700 1119,201* 855,095 3,091,1+97 l / After deducting $81,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis