H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Foriiï F. k. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, July 16; of the Federal Reserve System not earlier. July 15* 19^-3 CONDITION OF THE FEDERAL RESERVE BaKKS During’ tho wjek ended July lU member bank reserve balances increased $152,000,000. additions to member bank reserves arose from an addition of $33,000, .-00 in Reserve Bank credit and decreases of $11,000,000 in Treasury cash $157,000,000 in Treasury deposits with Foderal Reserve Banks and $27, 000,000 in ncnmember deposits and other Federal Reserve accounts, offset in part by an increase of $51,000,000 in money in circulation and a decrease of $26, 000,000.~in gold stock. Excess reserves of member banks on July ll* were estimated to be SI, 310,000,000, an increase of $80,000,.000 for the ’week. There was a decrease of $31,000,000 in holdings of United States Government securities. Bills decreased $29,000,000 and bonds $2,000,000. Changes in member bank reserve balances and related items during the week and the year ended July li*, 19^3# wore as follows: Increase or decrea: since July li.;, July 7, July 15. I9h3 1943 1942 ( In millions of doll:.rs) Bills discounted 10 - 24 + 6 U. S. Government direct obligations 7,591 - 31 +4,553 U. 8. Government guaranteed obligations 54 + 49 Industrial ^dvxnces (rot including 12 million commitments « July lij) 13 ... + 2 Other Reserve Bank credit 432 + 3?. + 300 Total ke serve Bank credit 3,150 + 33 +4,923 Gold stock 22,362 - 26 - 330 T r e a s u r y eu r r en c y 4,036 + 1 + 767 Me mb e r b ar-ik ■ rose rve b a 1 anc e s 12,260 +152 + 213 l 'ion e y - in c i r c u 1 at i on 17,653 + .51 +5,156 Treasury cash 2,267 - XI + 66 Treasury deposits with F.k. Banks 616 -157 - 330 Nonmember deposits and other Frk.accounts 1,797 - 27 + 200 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 23Jc STaTEMENT" OF CONDITION OF THE FEDERAL RESERVE R'JJKS ON JULY 14, ig43 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Clave. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, F. R. notof) in actual circulution 14,094,445 1006,551 3,117,521 989,447 1,278,962 912,339 728,680 2,744,105 590,972 340,948 502,325 324,351 1,558,194 Deposits: Kombor bonk-reservo acct. 12,259,841 665,569 4,123,413 632,5001,010,301 519,761 504,296 1,794,734 420,474 263,116 541,712430,9081,298,057 U.S..Treasurer-gen era 1 acct. 6l5,927 24,421 179,048 27,470 56,106 37,173 78,113 ' 63,7& 23,113 34,339 27,240 23,578 41,012 Foreign 1,094,073 23,332 1/520,001 90,351 87,498 40,096 33,207 .116,030 28,532 20,923 26,630 23,532 72,561 i-'ther 371,5o0 0,025 267,263 . 3,701 13,015 8,608 2,305 )j . 68‘o 13.2^3 3.617 ^.211 l.Qha ^6.q26 Total deposits ^ 4,341,401 726,847 5,094,725 754,022 1,166,920 606,438 617,999 1,979,213 485,377 327,545 593,793 534,966 1,448,556 Deferred availability items 1,367,550 74,755 308,025 83,725 156,984 112,503 70,704 212,198 71,714 27,840 66,264 46,120 136,630 Other liabilities including accrued dividends 5,906 1,099 1,762 498 390 139 175 607 260 169 426 116 265 T0T.iL LIABILITIES 29,809,302 1309,252 8,522,033 1327,692 2,603,256 1631,549 1417,550 4,936,123 1143,323 696,502 1167,300 905,561 3,143,645 Capital paid in 148,823. 9,542 55,018 11,676 15,422 5,908 5,315 16,529 4,631 3,183 4,331 4,526 12,167 Surplus (Section 7) 160,4-11. ll,l6o 58,ooi 15,670 14,767 5,236 5,725 22,925 4,966 3,221 3,613 4,083 11,044 ¡surplus (action 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 39,734 5,600 25,490 6,490 3,49 5 4.460 3.Q76 15.603 4.056 . 5.6^ 4.02l__ JLZlh_______ 6^.525 TCTiiL LIABILITIES AND CiiPiTAL i».ccuunts 30,235,154 1838,428 3,667,612 1865,921 2,642,945 1650,477 1433,2?l 4,990,615 1162,516 707,564 H3i,4io 910,373 3,175,502 Commtments to make industrial advances 11,913 717 9 1,821 231 1,049 61 — 1,617 — 3,000 — 3,353 F0 ft. notes outstanding 14,642>044 1060,049 3,226,863 1020,732 1,323,565 934,866. 776,321 2,300,923 613,591 345,966 522,775 355,403 1,655,355 Collateral for F.R^notes held by F. Regents: Gold certificates 14,072,000 970,000 3,240,000 925,000 1,325,000 327,000 710,000 2,820,000 350,000 350,000 520,000 361,000 1,674,300 Eligible paper 9,767 532 3,490 2,380 — 3,125 — — 50 4o 150 — U.S. Gov11 securities 721,176 100,000 100,000 — 125,000 75,000 — 316,176 — 5,000 MATURITY DISTRIBUTION OF BILLS AHD SECURITIES ■•ithin 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 years 5 years Bills discounted 10,272 7,402 2,200 340 330 — — — — — Industrial advances , 12,934 10,577 531 447 123 599 192 335 130 — - U. S. Government securiti . e S direct and guaranteed 7,644,666 567,115 329,303 1,432,075 1,700,632 . Q8U#663 426,600 239,600 699,671 864,077 • 1/ After deducting $571,426,000 participations’of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released, for publication Friday morning, July 16,l^U?; not earlier. "STATEMENT OF CONDITION1 OF THE T'iELVE Fid5EkAL fSSBJkVE B-NKS COMBINED (In thousands of dollars) Increase or decrease s inc e July Ik,. . July 7, July 15, 19U3 ' I9k3 I9i|2 a S 3 jb T S Gold certificates on hand and duo from U. S. Treasury 20,11+5» 717 - 21,999 - i;03;9l0 Redemption fund.- F. R, notes • 55,110 75 + 40,373: Other cash 354,030 t H»752 + 33,913 Total reserves 20,55^,907 - 10,322 - 279» Hii Bills discounted:- Secured by U. S. Go^/f t obligations, direct and guaranteed 10*272 - 23,360 + 7,U12 Other bills discounted — -- - 1,561 Total bills discounted 10,272 - 23,360 + 5,35i Industrial advances '12,93k' + 337 2,050 U. 3. Government securities, direct and guaranteed: Bonds I,k30,7k0 - 2,000 - 159,51*3 Notes ■ 7UU.900 — + . 20,i|25 . Certificates 1,091,700 — + 913, ¡4¿9 Bills it, 327,318 - 29,579 +3,332,769 Total U.S. Government securities, direct and guaranteed 7,6ij.I1,666 - 31,579 +).;,607,ll5 Total bills and securities 7,667,372 - 5^,602 ,615,016 Due from foreign banks 13k — + 37 F. R. notes of other banks 61,702 + k,7k3 + 30,166 Uncollected items 1,349,360 +236,101 + 503,152 Bank premises 33,711 - 2kh - 1,735 Other assets 61,903 359 + 17,137 TOTaL aSSIjTS. 30,235,1514 +174,317 +U»339,759 L I A B I L I T I E S F. R. notes in actual circulation 1I4., 09Í4, UU 5 + 59,957 +k, 5'36,67k Deposits: Uemb cr b ank-r es urve ac c ount 12»259»3lil +152,333 + 213,139 U. S. Treasurer-general account 615,927 -156,316 - 330,030 Foreign 1,09^,073 - Uo,550 + 223,1423 Other 371,560 + 13,712 - 59,303 Total deposits . 1U, 3141,1401 -31,316 + 52,221 Deferred availability items 1,367,550 +1147,369 + 139,360 Other liabilities including accrued dividends 5,906 - 2,012 -i- 3,222 TOTAL LIABILITIES 29,309,302 +l7ii»ii9Q +.'4,01*1,977 C A P I T A L A C C OUNT S Capital paid- in lliG,02G 96 + 3,76U Surplus (Suction 7) 160,1*11 + 2,909 Surplus (Section 13b) 26, .129 -- + ko Other capital accounts 39,734 + 223 + kl,061 TOTAL LIABILITIES .¿fD CAPITAL .^COUKTS 30,235,151; +174,817 +i+,339,759 Ratio of total reserves to deposit and F,R. note liabilities combined 72.3% - . 1% ' ■- 15.2$ Commitments to make industrial advances 11,913 2g3 - 5,192 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BiiNKS ON JULY lit, l$h3 (In thousands of dollars) • —T----S- B T S Tptal Boston Now York Phila, Cleve. Rich. stianta Chicago St.Louis Minn. ivans.Cy. Dallas San" "Fran. Gold certificates on hand and due from U* S. Treasury 20,11*5,717 1266,661* 5,020,565 1233,322 1,821*, 528 1150,985 1033,351* 3,Hh,998 633,627 1*93,862 826,755 606,751* 2,281*,803 Redemption fund - F.R*notes 55,110 5,1*1*2 1,632 6,327 1,11*6 7,635 ¿*,201 1,21*1 20,518 200 372 1*13 5,933 Other cash 35I*, 030 27,689 35,752 21*, 226 25,150 37,357 16,951* ¿*2,791* 12,916 10,063 17,01*3' 9,1*73 kh,653 Total reserves 20,551,907 1299,79 5 5,137,91*9 12c9,375 1,350,821* 1195,977 105U.509 3,75^,033717,061 50l*,l30 81*1*, 170 616,61*0 2,335,1*1*1* Bills discounted: Secured by U.S. Gov11 obligations, direct and guaranteed 10,272 532 3,1*90 2,330 505 3,125 — — 50 1*0 150 -- — Other bills discounted — — — -- — -- — — -- — — - - Total bills discounted 10,272 532 3,1*90 2,330 505 3,125 — 50 1*0 150 — ‘ ■-- Indus trial advane es 12,931* 1,695 538 i*,9l*2 907 1*08 235 65 1*6 30 18 1*,000 U. S. Government socuritieS, direct and guaranteed: ¿onds 1,1*80,71*8 120,029 25I*, 127 122, 581* 17I*, 71*5 97,201 37,703 205,51*0 ¿*7,71*5 50,603 73,167 75,500 171,799 Notes 71*1*, 900 60,332 127,81*0 6l,ó67 87,906 1*8,397 1*1*, 122 103,398 21*, 019 25,1*56 36,807 37,981 86,1*25 Certificates 1,091,700 38,1*91 187,360 90,375 128,833 71,662 61*, 663 151,536 35,202 37,309 53,91*1 55,666 126,662 Bills 1*, 327,313 107,351 2,5H,393 202,91*6 161,366 95,538 68,889 1*79,015 21*7,506 1*8,905 ■ 72,167 63,288 262,951* - Total U.S#Govft securities» direct aaad guarjjiteed 7,61*1*, 666 376,753 3,080,720 1*77,572 553,350 313,293 265,382 939,1*89 351*, 1*72162,273 236,082 237,1*35 * 61*7,31*0 Total bills and securities 7,667,872 378,930 3,081*,798 1*81*, 39I* 55I*, 762 316,831 265,617 939,551* 35I*, 522162,355 236,262 237,1*53 651,81*0 bus from foreign banks 13I* 3 1/ 51* 13 13 6 5 17 3 2 1* • 1* 10 r. R. notes of other banks 61,702 1,1*05 9,637 2,263 2,1*88 5,1*H 6,181 7,102 5,036 1,712 7,221* 2,313 10,1*30 Uncollected items 1,81*9,860 151,095 1*1*3,393 100,230 222,566 125,181* 101,871* 273,1*93 31,677 35,91*3 87,979 57,921 168,000 Bank premises 38,711 2,691* >,713 l*,68l* 1*,270 2,977 1,675 2,885 2,Q87 1,295 2,767 1,010 2,651* Other assets 61,968 ¿*,1*56 11,568 U.U62 8,022 l*,09l 3,1*30 8,526 2,130 2,123 3,001* 3,032 7,121* TOTaL ASSETS 30,235, 15I* 1838,1*28 8,667,612 1865,921 2,61*2,91*51650,1*77 11*33,291 U.990,6151162,516 707^61* 1181,1*10 918,873 3, 175,502 1./ After deducting r.$80,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis