H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R, 28? STATMV'ENT FOR THE PRESS Released for publication Board of Governors Friday morning, July 9; of the Federal Reserve System not earlier, July 8, 191+3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 7 member bank reserve balances increased 323,000,000, Additions to member bank reserves arose from increases of $5Ul,000,000 in Reserve Bank credit and $3,000,000 in Treasury currency, offset in part by increases of $318,000,000 in Treasury deposits with Federal Reserve Banks, $187,000,000 in money in circulation, $13,000,000 in nonmember deposits and other Federal Reserve accounts and $3.000,000 in Treasury cash. Excess reserves of member banks on July 7 were estimated to be approximately $1,230,000,000, ah increase of 51)20,000,000 for the week. There was'an increase of ij>l47l+,000,000 in holdings of United States Government securities. Bills increased $51+2,000,000 while notes decreased §52,000,000 and bonds 1516,000,000, Changes in member bank reserve balances and related items dir ing the weak arid the year ended July 7, 191+3, were as follows: Increase or decrease since Julv rA, June^ 30, July 8 I9U3 191+2 (in millions of dollars) t Bills discounted 3 h + 29 + 31 U. S. Government direct obligations 7,622 +1+7U +1+, 718 V.. S. Government guaranteed obligations 51+ -- + 1 |Q Industrial advances (not including 12 million commitments July 7) 13 -- + 2 Other_Reserve Bank credit 391+ •+ 38 + 2l|8 Total Reserve Bank credit 8,117 +51+1 +5,Oi48 Gold stocfc 22,388 + 1 - 352 Treasury currency i+,065 + 3 + 770 Member bank reserve balances 12,108 + 23 - 138 Money in circulation 17,607 +187 +5,118 Treasury cash 2,278 + 3 + 88 Treasury deposits with F* R« Banks 773 +318 + 225 Nonnembor deposits and other P#E. accounts 1.82U + 13 + 17U Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. h. 283c STATEMENT OF CONDITION OF TiiE FEDERAL RESERVE BaNKS ON JULY 7, l$k3 (In thousands of dollars) L I A B I L I T I E S Total Boston i\T ew York Phila. Clevc. Mch, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. K. notes in actual cir­ culation 14,03k¿88 1-002,772 3 »110,252 982,885 1 ,268,905 902 ¿60 729,706 2,727,524 589,517 .541,170 501,482 527,002 1551,215 Deposits: Member bank-reserve acct. 12,107,503 637,447- 4,102,531 636,785 985,758 529,691 494,187 1,751,532 411.972 261,895 553,304 467,851 1296,552 U.S.Treasurer-general acct. 772,7^3 60,028 ^ 78,085 59,565 40,655 25,5^9 58,059 76.,828 29,575 46,295 37,705 29,488 75,155 Foreign 1,13^,623 * 26,952 i '54o,287 94,022 91,055 42,557 34,640 120*744 29,691 21,775 27,712 29,691 75,501 Other 557,848 7,980 25.0,540 4,556 15,601 8,619 2,184 5.625: 1.1,824 9,185 2,148 2,155 59,431 Total deposits 14,372,717 732,407 5.171 ,hh3 774,728 1,151,047 6o4,4l6 569,070 1,952,729 483,060 559,146 600,869 529,185 1484,617 Deferred availability items 1*219#681 87,356 258,521 70,755 121,288 105,227 50,421 187,149 71,773 26,921 73,322 46,722 140,268 Other liabilities including accrued dividends 7,918 2,321. 1,587’ 405 547 1,508 157 572 229 135 283 106 272 TOTaL LIABILITIES 29,634,304 1824,836 8,521,803 1828,747 2,521,587 1615,611 1549,554 4,867,774 1144,579 707,570 1175,956 905,015 5176,572 Capital paid in 148,732 9.558 55,010 11,670 15J+16 5,978 5,297 16,509 4,629 5,182 4,821 4,515 12,167 Surplus (Section 7) 160,411■ 11,160 58,001 15,670 14,767 5,256 5,725 22,925 4.966 3,221 5,615 4,085 11,044 Surplus (Section 13b) 26,829 2 »874 ,?,070 4,595 1,007 3.244 717 1,429 550 1,000 1,157 1,507 2,121 Other capital accounts 89,561 5,566 25,585 6,471 8,478 kJte 3,968 15,566 4,066 ' 5,671 4,065 5,389 6,496 TOTaL LIABILITIES AND CAPITAL ACCOUNTS 30,060,337 1853,974 8,667,269 1866,951 2,561.255 1652,511 1565,061 4,922,205 1158,570 7184M 1189,590 916,509 3208,200 Commitments to maku industrial ■ advances 12,211 717 .9 2,157 250 1,062 61 — 1.617 5,000 5,558 R. notes outstanding 14,528,857 1039,009 3,226,392 1011,516 1,505,955 925,402 769,981 2,784,563 614,110 345,766 517»3’33 555,927 1654,845 Collateral for F.K.notes . - * held by F.k,Agents; r * V - Gold certificates 13,996,000 949,000 5,255,000 925,000 1,510,000 817,000 710,000 2,820,000 350,000 550,000 520,000 561,000 1649.000 -Eligible paper 33,577 1,222 .27,650 2,580 — 75 — — 2,000 — 50 «»«ft» --- U.S.Gov*t securities 744,598 .100,000 mm m 100,000 — 125,000 75,000 — 339,598 — 5,000 ---- --- MATURITY DISTRIBUTION 01’ BILLS AND S ISC UKI TIES Within is to 5.1 to 61 to 9I days to ■ 6> months 1 to 2: 2 to 5 Over Total 15 days . 50 days 60 days 90 days 6 months ' tc » 1 year years years \ 5 years Bills discounted 33,632 2*9,402 1,700 300 2,250 — — — — Industrial advances 12,597 10,149 > c ;63 560 204 6o4 254 555 15c) — u. S* Government securities s. direct and guaranteed 7,676,245 522,523 975,928 1,551,544 1,650,084 965,418 426,600 259,600 699,671 866,877 l/A fte r‘deducting $593*J-J-2U*000 participiations of other Federal Reserve ;Banks♦ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. li. 2QJa V Released for publication Friday inorning, July 9»1943» not earlier* ST^TiiMBNT OF CONDITION ' OF TH3 TV/3LVE FSDEKJL KESEkVE BAMS COMBINED (In thousands of dollars) Increase or decrease since July 7, Juno 30» July 8, 19U3 19^3 19^2 ,>SSE T-S Gold certificate on hand and duo from U. S. Treasury 20,167,716 - 3*000 382,910 Redemption fund - F. k. notes . 55,165 1*512 + 141,168 Other cash 3142,328 - 15,259 81,421 Total reserves 20,585,229 - 1 ' ■mr,}2r Bills discounted* Secured by U. S# Gov11 obligations, direct and guaranteed 33,632 + 28,6J42 + 31,872 Other bills discounted — — 1,564 iotal bills discounted ' 33,632 + 28,612 + 30, Industrial advances 12,597 - 79 ■f 1,999 U# S. Government securities, direct and guaranteed* ¿ends 1,1+82,74-8 • 15,600- •1» 156,072 Notes 744,900 - 52,000 + 27,625 Certificates 1,091,700 ------- 4- 989,14j8 ¿ills 4,356,897 + 541,662 + 3,906,570 Total U. S. Governmont securitips, direct and guafrantooci ’ ' 7,676.245 + 474,0621i 4,767,571 Total bills and,securities 7,722,471; •f + U,799,»7« Due from foreign banks 13U - 3 + 87 k. notes of other banks ■' 56,959 n 8,589’ + 27,617 Uncollected items 1,613*759 - 17,259 + 508,798 Bank promises 38,955 - 6 - 1,492 Other assets 62,827 + 1,195 + 19,3 ¿42 TGT.X .¿SS^TS 30,060,337 + 461,216 + 5,093,909 . L I a B .. L I T I E S k. notes in actual circulation 14,034,438 + 162,066 + 4,554,566 Deposits: * member bank-reserve account 12,107,503 ■f 22,963 138,865 U.S. Treasurer-general account 772,743 317,565 + 224,960 Foreign 1,134,623 20,524 + 262,396 Uthc r ‘ -35?,848 - 10,632 - 123,308 Total deposits ■14,3^,71? + ' 2257185- Deferred availability items 1,219,681 55,551 261,087 - + Other liabilities including accrued dividends 7,918 3,246 5,1+78 + TOTaL LIABILITIES + + C A P I T A L a C C OUNT ^ Capital paid in 148.732 96 3,745 + + Surplus (Section 7) 160,411 + 2,909 Surplus (Section 13b) 26,829 1^8 Other capital accounts j » | 89,561 4» 939. + 40,893 TOTaL LIABILITIES .JiD CJJITAL ACCOUNTS •KOT33 T + UBTTSIS^ "5", 6957^07 Ratio of total reserves to deposit and F. R. note -liabilities combined 72.1$ mm l.¥ • 15.7?« Commitments to make industrial advances 12,211 + 79 : 5,U98 - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b STiiTl&TiET OF CONDITION OF Ttt3 FEDERAL RESERVE BANKS ON JULY 7, 191*3 (In thousands of dollars) ¿i. c? S ii; T S Total Boston New York Phi la.. Cleve. Rich. Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Fran. Gold certificites on hand and due from u. S. Treasury 20,167,716 1278,760 5,156.301* 1237,11*0 1,8111*322 1117,61*7 989,167 3650,560 658,1*56 5051*09 831*,668 607,599 2,.317,681; Redemption fund - F.R..notes 55,185 5,536 1*9714 5,509 273 8,1*98 315 1,397 20,569 221* 1*01* 1*1*6 6,0l*0 othur cash 342,328 27,065 81,354 24,161 23,322 ,32*036 17,246 43,233 12,854 9994 17,676 9*015 44,174 xotai roserves 20,565,229 1311,359' 5,239,612 1266,810 1,838,117 1158,201 1010,728 3695,190 691,879 515627 852,748 617,060 2,367,898 sills discounted: Secured by U.S. Gov1t obligations, direct and guaranteed 33,632 1,222 27,650 2,580 55 75 —* 2,000 50 Other bills discounted W l Total bills discounted 33,632 1,222 27,650 2,.580 55 75 --- — 2,000 50 Industrial advances 12,597 1»695 588 4,496 1,002 419 237 65 mmmm 47 30 18 4,000 U. S.Government securities.9 direct and guaranteed: Bonds 1,482,748 120,298 252,958 122,772 175,251 97,470 88,044 206,126 47,617 50726 73,286 75,771 172,429 Notes 744,900 6o;435 127,081 61,678 88,042 48,967- 44,231 103,553 • 23,922 25484 : ‘ 36,817 38,066 . 86,624 Certificates 1,091,700 88,572 106,247 90,391 129,031 71,763 64,823 151,762 35*060 37350 53*960 55,787 126,-954 Bills 4,356*897 123,103 2■4U9.748 ■ 218,120 155*858 110,363- 73,442 513,223 269,480 49748' 72,590 66,’995 254;227 Total U.S.. Gov’ t securities 3, direct and guaranteed 7,676,245 392,408 3,016,034 492,961 548,182 328,563 270,540 974,664 376,079 163308 236,653 236,619 640,234 Total bills and securities 7*722,474 395.-3-5'3.■044,272 500,037 549,239 329,057 270,777 974,729 3.78,079 163355 236,733 236,637 644,234 i>uc from foreign banks 134 3 1/ 54 13 ■ 13 6 '5 17 3 2 4 4 10 F. R. notes of other bonks 56,959 l tc!j0 910 2,014 3,001 6,213 5,046 6,641 3,895 1849 6,357 2*674 H,319 uncollected iterns 1*613,759 •l*';hOS 355,603 88,934 158,626 ; 131*893 73,431 234,254 . 80,514 34103 88,032 55,864 175,103 Bank premises 38,9L=5 2,694 9.f 713 4,684 4,270 3,221 1*675 2,885 2,087 1295 2,767 1,010 2,654 ethor as sots 62,827 6,15.1 11,105 4,459 7,989 ’ 3,920 3,399 8,487 2,113 2213 2*949 3 „060 6,982 TOT'-L assists 30,060,337 1853,974 8,667,269 1866,951 2,561,255 1632,511 1365,o6i 4922,203 1158,570 718444 1189,590 916,309 3,208,200 1/ After deducting $80,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis