H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. K. 283 STATEMENT FOR THE PKESS Released for publication Board of Governors Friday morning, July 23; of the Federal Reserve System not earlier. July 22, 191*3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 21 member bank reserve balances increased $59,000,000. Additions to member bank reserves arose from-a decrease of $323,000,000 in Treasury deposits with Federal Reserve Banks, offset in part by decreases of $117,090,000 in Reserve Bank credit, $15,000,000 in gold stock, and $2,000,000 in Treasury currency, and increases of $78,000,000 in nonmember deposits and other Federal Re’serve accounts, $14.6,000,000 in money in circulation, and $1*,000,000 in Treasury cash. Excess reserves of member banks on July 21 were estimated to be approximately $1,190,000,000, a decrease of $120,000,000 for the week. There was a decrease of $68*000,000 in holdings of United States Government securities. Bills decreased $1*0,000,000, notes $22,000,000, and bonds $6,000,000. Changes in member bank reserve balances and related items during the week and the year ended July 21, 191*3, were as followst Increase or decrease since July 21, July 11*, July 22, 19h3 191*3 191*2 (In millions of dollars) Bills, discounted 9. 1 + 1* U. S. Government direct obligations 7,51*1*' - 1*7 +¿*,502 U. 8. Government guaranteed obligations 33 - 21 + 28 Industrial advances (not including 12 million commitments - July 21) 13 + 2 Other Reserve Bank credit 1*31* - 1*8 •f O r—1 Total Reserve Bank credit 8,033 - 117 +1*,837 Gold stock 22,31*7 - 15 - 398 Treasury currency l*,08l* - 2 + 763 Member bank reserve balances 12,319 + 59 - 232 Money in circulation 17,706- + 1*8 +5,160 Treasury cash 2,271 + 1* + 1*8 Treasury deposits with F.R, Banks 293 ~ 323 5 Nonmember deposits and other F.R,accounts 1,875 + 78 + 233 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283° . SÏATEklüKT QF CONDITIUK OF THE FBDHKAL REùERViS BAUKS July ¿ii, 1945 • (In thousands of dollars) L I A B I L I T I E S Total Boston ' New York Phila. Clêve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F* R.-notes in actual cir­ culation lU.-ii0i.66l 1012,275 3,131,738 992,291 1,287.535 909.728 726,1*07 2,760,287 592,350 31*1.195 505,185 322,1*31 1,563,239 Deposits j ♦ kember bank-reserve acct. 12.318.90U 636,265 1*. 193.019 61*1,257 1,015.919 502,721* 1*76,806 1,838,010 1*26,833 265,905 535,561 474,683 1,311,922 IUS.Treasurer-general acct. 293,176 • 13,789 75,666 13,751* 31,1*78 16,338 17,506 1*1,1*33 20,918 13,1*1*1* 14,525 15,605 13,720 Foreign 1,149,943 31*. 01*7 1/ 51*1,826 95,126 92,122 1*3,057 35,01*6 122,162 3o,ol*o 22,029 28,037 30,040 76,416 Other 39^,301 7,730 296,139 3,118 12,21*9 8,331* 2,605 3,361* 11,963 8,761 3.789 2,132 34,117 Total deposits ili,.156,329 696,831 5.106,650 753,255 1,151,768 570,1*53 531,963 2,001*,969 1*39,751* 310,139 531,912 522,460 1,436.175 Deferred availability items 1,191,976 66.598 222,91*5 71*.951* 132,981 91*. 630 71,21*0 173,871 62,837 25,631* 71,60.7 45,750 143,929 Other liabilities including • accrued dividends 5,309 623 1.836 1*1* 6 ............339. 187 168 505 193 180 45L 148 225 ........ TOTAL LIABILITIES 29,1*98,275 1776,327 8,1*63,169 1820,91*6 2,572,623 1,57U.998 1329.778 4,944,632 111*5,139 677.11*8 1159.158 890,789 3,143,568 Capital paid in 11*8,891 9,51*1 55,025 11,679 15.1*32 5»990 5,31*1 16,531* ¿*.636 3,181* 4,836 4,526 12,167 Surplus (Section 7) i6o,lill 11,160 58,001 15,670 lli.767 5.236 5,725 22,925 ¿*,966 3,221 3,613 4.083 11.044 Surplus (Section 13b) 26,829 2,871* 7.070 ¿*,393 1,007 3,21*1* 717 1,1*29 530 1,000 1.137 1.307 2,121 Other capital accounts 90,002 -5,590 25,597 6,507 6.519 4,468 3,981* 13,61*1 1*. 026 3,669 4,023 3,402 6,556 TOTAL LIABILITIES AND CAPITAL accounts 29,92!*,li08 1805,1*92 8,608,802 1859,195 2,612,348 1593,936 131*5,51*5 1*.999,161 1159,257 633,21*2 1172,767 904,107 3,175,456 Commitments to make industrial advances 11,379 715 9 . 1,722 353 1,053 61 -- 1,617 — 3,000 — 3.349 F. R, notes outstanding 11*. 701,585 1066,880 3,21*6,562 1025,961 1,328,1*31* 936,877 777,736 2,814,269 617,983 31*6,601 $23,086 357.166 1,660,025 Collateral for F.R.notes held by F.R. Agents: Gold certificates Ili, 175,000 980,000 3,250,000 950,000 1,335,000 827,000 710,000 2,gl*0,00(J 350.000 350,000 520,000 364,000 1,699,000 Eligible paper . 7,395 : 3,215 30 ,325 -- — 1,950 75 - 2,190 — U.S.Gov't securities 721*. 821 100,000 100,000 — 125,000 ■75,000 — 319.321 .5,000 — --- MATURITY DISTRIBUTION OF BILLS AND 3ECL'RITISS Within 16 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 8,821 . 7,851 I50 U90 330 — — Industrial advances 12,688 10,893 15 376 176 509 251 337 131 — U. S. Government securities9 'direct and guaranteed 7,576,983 899,609 _ 555,11*7 1.1*39,709 1,782,120 676,050 1*26,600 239,600 698,671 859,1*77 l/ After deducting $59v,8^3,000 participations of otter 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, July 23,1943; n0'k earlier* STATEMENT OF CONDITION OF THE TiiELVS FEDERAL RESERVE BaNKS COMBINED . (In thousands of dollars) Increase or decrease since July 21, July 14, July 22, 19U3 1943 1942 A S S E T S Gold certificates on hand and due from U. S. Treasury 20,130,216 - 15,501 419,410 Redemption fund - F, R. notes 52,423 - 2,682 + 39.526 Other cash 353,638 - 442 + 34,275 Total reserves 20,536,282 - 18,625 - 295,811' Bills discounted} Secured by U.S.Gov*t obligations, direct and guaranteed 3,821 - 1,451 + 5,541 Other bills discounted — - 1,607 Total bills discounted 3,321 - 1,451 5,954 Industrial advances 12,638 246 + 1,703 U. S. Government securities, direct and guaranteed: Bonds 1,475,543 - 5,400 167 ,-433 Notes 723,400 - 21,500 - 1,075 Certificates 1,091,700 — + 395,969 Bills 4,236,555 - 40,733 +3,,802,333 Total U. S, Government securities, direct and guaranteed 7,576,933 - 67,683 ,530,294 Total bills and securities 7,598,492 - 69,330. +hs.535,951 Due fron foreign banks 134 — + 37 F. R. notes of othjr beciks 62,673 + 971 + 55,545 Uncollocted items 1,625,376 -223,984 + 541,204 Bank promises 33,711 — - 1,766 Other assets 62,240 + ¿72 + 16,953 TOTAL ASSETS 29,924,408 -310,746 +4,,831,926 L I A B I L I T I E S F. R. notes in actual circulation 14 > 144»661 + 50,216 +4j,531,430 Deposits: Member bank-reserve account 12,313,904 + 59,063 _ 232,409 U.S. Treasurer-general account 293,176 -322,751 - 5,155 Foreign 1,149.943 + 55,875 + 263,393 Other 394,301 + 22,741 - 65,333 Total deposits 14,156,329 -135,072 - 40,009 Deferred availability items 1,191,976 -175,574 + 240,560 Other liabilities including accrued dividends 5,309 597 + 2,225 TOTAL LIABILITIES 29,498,275 -311,027 +4j,784,206 C A P I T A L A C C O U N T S Capital paid in 143,391 + 63 + 3,791 Surplus (Sectior 7) 160,411 — + 2,909 Surplus (Section 13b) 26,329 + 48 Other capital accounts 90,002 + 213 + 40,972 TOTAL LLiBILITIiS ¿III- CAPITAL ACCOUNTS 29,924,403 -310,746 +4i,331,926 Ratio of total res.rves to deposit and F.R. note liabilities combined 72.606 + .3?» - 15.1% Commitments to make industrial advances 11,379 34 - 5,260 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. .2C>3b STATEMENT CF CONDITION OF TH3 FEDERAL RESERVE BASKS OK JULY 21,. 191*3 (In thousands of dollars) A S S E T S Total Boston New York Phila. Clove# Rich. Atlanta Chicago St.Louis hinn. Kans.Cy. Dalias Sail Fran. Gold certificates on hand and duo from U.S. Treasury 20,130,216 121*3,973 5,100,212 1259,521* 1,860,169 1117,91*3 955,159 3,733,935 683,039 1*76,629 821*, I97 593,106 2,282,325 Redemption fund - F.R.notes 52,1+28 5,367 1,366 6,219 1,062 7,011* U,123 1,172 20,1*93 I90 852 396 1*,175 Other cash 353,638 28,935 85,61*5 21*, 31*3 21*, 162 33,537 18,600 1*3,865 13,876 9,530 17,793 9,820 1*3,527 Total reserves 20,536,282 1278,275 5,187,223 1290,085 1,885,393 1158,1*99 977,332 3,778,972 717,1*08 1*36,31*9 81*2,81*7 603,322 2,330,027 Bills discountod: Secured by U.S. Gov't obligations, direct and guaranteed 8,821 1,216 3,215 30 210 325 — — 1,550 75 2,150 — — other bills discountod -- — — — — — — — — -- — — — Total bills discounted 8,821 1,216 3,215 80 210 325 — — 1,550 75 2,150 — — Industrial advances 12,688 l,U6U 509 5,019 815 1*03 235 65 — 1*6 30 18 l+,000 U. S. Government socurities, direct and guaranteed* Bonds 1,1*75,31*8 119,1*77 251*.819 122,113 173,813 96,697 37,155 201;, 1*61 1*7,778 50,360 72,876 75,0J+6 170.71*8 Notes 723,1*00 58,582 12l*,9l*l* 59,875 85,227 1*7,1*13 1*2,73U 100,253 23,1*27 21*, 693 35,733 36,797 83,722 Certificates 1,091,700 88,1*07 188,557 90,357 129,621 71,55U 61*,1*91 151,290 35,352 37,263 53,923 55,532 126,31*8 Bills U,286,535 105,905 2,1*60,591 19U.687 152,336 100,129 71,822 510,068 253,5i*9 1+7,851 " 72,301 67,778 21*9,1*68 Total ü. S. Gov't securities, direct and guaranteed 7,576,983 372,371 3,028,911 1*67,032 51*0,052 315,793 266,202 906,072 360,106 160,167 231*, 833 235,153 630,286 Total bills and tsecuritios 7,598,1*92 375,051 3,032,711* 1*72,131 51*1,077 ; 316,526 266,1*37 966,137 361,$56 160,283 237,018 235,171 631*,286 Due from foreign banks 13I* 3 1/ 51* 13 13 6 5 17 3 2 1* 1* 10 F. R. notes of other banks 62,673 1,070 Ti,l*15 2,301* 2,517 5,9hh 5,1*71* 6,837 3,831* 2,280 6,552 2,1*67 11,979 Uncollected items 1,625,876 11*3,895 356,060 85,1*71* 170,969 105,925 90,700 235,638 72,158 35,838 80,617 58,951* . 189,61*8 Bank premises 38,711 2,69h 9,713 l*,68l* 1*, 261 2,982 1,675 2*890 2,086 1,295 2,767 1,010 2,651* etho-r assets 62,21*0 l*,5Ql* 11,683 U.50Ì* 8,118 U, 05U 3,372 3,670 2,152 2,190 2,962 3,179 6,852 TOTAL ASSETS 29,92!*,1*08 1305,1*92 8,608,862 1859.195 2,612,31*8 1593,936 13U5,5l*5 1», 999,161 1159.297 688,21*2 I172,f67 90l*,137 3,175,1*56 l/ After deducting $80,000 participations of other Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis