H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Released for publication Board of Governors Friday morning, July 30; of the Federal Reserve System not earlier. July 29, 19^3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 28 member bank reserve balances decreased $10,000,000, Reductions in member.bank reserves arose from increases of £266,000,000 in Treasury deposits with Federal Reserve Banks, $93*000,TOO in money in circulation and $27,000,000 in nonmember deposits and oth.>r Federal Reserve accounts, and a decrease of $13*000., 000 in gold stock, offset in part by increases of $385,000,000 in Reserve Bank credit and $6,000,000 in Treasury currcncy. Excess reserves of member banks on July 23 were estimated to be approximately $1,020,000,000, a decrease of $170,000,000 for the v;-jok. There was an increase of $374,000,000 in holdings of United States Treasury bills. Changes in member bank reserve balances and related items during the week and the .y^ar ended July 23, I9I4.3, vr.ro as follows? Increase or decrease since July 23, July 21, July 29, 19 h3 19U3 19^2 (In millions of dollars) Bills discounted 13 + + 3 U. S. Government direct obligations 7,913 + 37k +1.813 ‘U. S . Gove rnment guaranteed ob 1 i ;:at .1 ons 33 — + 23 Industrial advances (not including 12 million commitments - July 28) 12 - 1 -- Other Reserve Bank credit ¡.¡.Li 1 + 7 + 331 ,Total Reserve Bank credit 3,U13 + 385 +5,131 Gold stock 22,33ù - 13 - kl2 Treasury currency 14,090 + 6 + 763 Member bank reserve balances 12,309 10 - 236 Money in circulation 17,79; + 93 +5,152 Treasury cash 2,272 + 1 + 1|3 Treasury deposits with F,* R. Banks 559 + 266 + 376 Nonmember deposits and other F.R.accounts 1,902 4* 27 + 195 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. ft. 283c STaTE^T OF CONDITION OF THS FEDERAL JBjTSRVa BMKS ON JULY 28, I9I+3 (In thousands of dollars) LI A B j LI T I E S Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis liinn. Kans.Cy. Dallas San Fran. F. K. notes in actual cir­ culation 11;,228,233 1016,577 3,11*6,5145 999,1+66 1,296,536 912,581+ 736,888 2,770,057 5?1+,0I+6 31+2,000 509,059 323,619 1,580,856 Deposits: Leaker bank-reserve acct. 12,309,Î75 637,685 I+,197,653 61+3,1+38 1,002,21+9 506,938 1+77,519 1,81+0,1+11 1+31,21+5 262,556 536,502 1+59,802 1,313,177 U.S.Treasurer-general acct. 55?,195 28,917 217,171 27,I+9I+ hi,033 21,651 17,987 ¿9,235 22,9^ 23,823 18,130 29,91+5 29,855 Foreign 1,200,21+2 30,920 1/566.013 99,986 96,828 1+5,257 36,837 128,1+03 31,5/ 23,155 29,1+09 3l,57U 80,226 Other 370,91+1 7,633 269,155" 6,815 12,315 5.1+"6 7 1 1»,525 14,77-6 1”1 ,3■” hh 8,117 3,'668 1,771 35,557 Total deoosits 11+,1+39 »555 705,155 5,2149,992 777,753 1,158,423 579,513 536,668 2,ol+2,825 1+;7,117 322,651 587,769 523.092 1,1+58,815 Deferred availability items 1,121,387 55,58ii 212,1+95 7h,hl8 118,361 95,91+5 65,3&4 169,235 52,63-? 211,1+59 71,556 33,11+9 11+3,822 Other liabilities including accrued dividends 5,531 71+1 1,735 519 1+53 160 217 5r? 22; ____1.1L ----J iL 176 . ___m TuTAL LIABILITIES 29,795,25k 1777,857 3,610,767 1352,196 2,573,775 1588,002 1339,157 1+,982,716 Hl+l+,031 689,237 1168,715 835,036 3,183,737 Capital paid in 11+3,911 9,51+3 55,021 11,680 15,1+55 5,991 5,51+2 16,51+0 i+,636 3,185 li,839 1+.531+ 12,167 Surplus (Section 7) 160,1+11 11,160 58,001 15,670 li+,767 5,236 5,725 22,925 ¿4,966 3,221 3,613 ¿4,083 11,01+1+ Surplus (Section 13^) 26,329 2,871+ 7,070 ¿4,393 1,007 5,21+1+ 717 1,1+29 530 1,000 1,137 1,307 2,121 Other capital accounts 90,367 5,590 25,710 6,531 8,51+2 14,1473 5,991+ 13,681 ¿4,053 3,718 i+,06l 3,1+18 6,586 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 30,221,772 1807,021+ 8,756,569 1890,1+70 2,613,522 1606,951 I35l+,915 5,037,291 1150,221 700,1+11 1182,365 893,373 3,215,655 Commitments to make industrial advances 11,875 715 9 1,755 379 990 61 — 1,617 3,000 — 3,31+9 F. R. notes outstanding li+,801,591 1069,192 3,250,677 1032,1+63 1,337,151+ 91+1,563 79I+, 1+36 2,829,312 632,7ÙO 31+8,007' 531,681+ 361,01+5 1,673,313 Collateral for F.R. notes held by F.R.Agents: Gold certificates 1,223,000 980,000 3,265,000 950,000 1,31+5,000 837,000 710,000 2,81+0,000 350,000 350,000 530,000 367,000 1,699,000 Eligible paper 11,970 2,500 5,09 0 90 525 — 2,550 275 1,150 — U. S. Gov't securities 762,237 100,000 100,000 125,000 100,000 552,237 — 5,000 I.ÏATURITY DISTRIBUTION OF BILLS AITD SECURITIES ï*ithin 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 13,005 11,660 1+2 5 61+0 280 — — — — Industrial advances 12,126 10,368 62 1+03 102 1+92 ■ 21+9 521 129 U. S. Government securities, direct and guaranteed 7,951,008 893,691 667,1+39 1,633,717 1,332,933 698,325 1+26,600 239,600 698,671 859,1+77 l / After deducting $629,293,000 participations of other Federul Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 28Ja Released for publication Friday morning* July 30,191+3, n°t earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since July 28, July 21, July 2$, 19U3 19^3 19U2 a s s e t s Gold certificates on hand and due from U. S. Treasury 20,111,215 - 19,001 - 1+37, 1+10 Redemption fund - F. R. notes 53,510 + 1,082 + 38,908 Other cash 55k,750 + 1,112 + 90,01+1+ Total reserves 20, 519,1+75 - 16,007 - 308,1+58 Bills discounted: Secured by U. S. Gov't; obligations, direct and guaranteed 15,005 + 1+, 181+ + 9,879 Other bills discounted — — 1,581+ Total bills discounted 13,005 + 4,181+ + 8,295 Industrial advances 12,126 562 + iao U. 8. Government securities, direct and guaranteedt Bonds 1,1+75,31+8 - 167,1+33 Notes 723,Uoo __ 1,075 Certificates 1,091,700 — + 875,969 Bills 1+, 660,560 +371,025 +1+, 135,219 Total U. S. Government securities, direct and guaranteed 7,951,003 +37U,025 +l+,8l+0,625 Total bills and securities 7,976,139 +377,61+7 +1+, 81+9,100 Due from foreign banks 131+ — + 87 F. R. notes of other banks 61,103 - 1,565 + 57,003 Uncollected items 1,563,13k - 62,71+2 + 555,123 Bank premises 38,680 - • 31 1,775 Other assets 63,102 + 862 + 16,666 TOTaL ASSETS 30,221,772 +¿97,361+ +5,127,71+6 L I A B I L I T I E S F. R. notes in actual circulation 11+,223,233 + 83,572 +1,572,71+6 Depositsi Member bank-reserve account 12,309,175 - 9,729 - 235,1+11+ U. S. Treasurer-general account 559,195 +266,019 + 376,659 Foreign 1,200,21+2 + 50,29k + 312,253 Other 370,91+1 - 23,360 - 152,303 Total deposits il+,1+39,553 +283,221+ + 301,195 Deferred availability items 1,121,887 - 70,089 + 203,951 Other liabilities including accrued dividends 5,581 + 272 + 2,172 TOTAL LIABILITIES 29»795,25l+ +296,979 ‘ +5,030,061+ C A P I T A L A C C OUNT S Capital paid in 11+3,911 + 20 + 3,807 Surplus (Section 7) 160,1+11 + 2,909 Surplus (Section 13b) 26,329 + 1+8 Other capital accounts 90.567 + 565 + 1+0,918 TOTAL LIABILITIES ,,ND CAPITAL ACCOUNTS 30,221,772 +297,5^ +5,127,71+6 Ratio of total reserves to deposit and F. R. note liabilities combined 71.$ - 1.09& - 15.97« Commitments to make industrial advances 11,875 h 1+.111+ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form P. R. 2Q$b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 28, 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. Gold certificates on hand and due from U.S.Treasury 20,111,215 1222,550 5,05k,53k 1229,670 1,838,1+93 1119,1+66 966,999 3,760,229 675,820 1+56,510 829,80k 593,398 2,333,202 Redemption fund - F.R.notes 53,510 5,298 1,113 6,033 978 8,237 k,725 1,036 20,1+66 1?9 333 373 k, 139 other cash 35k,750 30,655 86,982 2l+,729 25,705 32,608 17,k96 k3,736 13,79 1 9,863 17,697 9,280 k2,203 Total reserves ¡20,519,1+75 1253,5k3 5,lk2,629 126o,i+32 1,365,176 ll6o,31l 989,220 3,805,051 710,077 k96,557 3k0,33k 603,551 2,379,5kk Bills discounted! Secured by U.S. Govt, obligations, direct and guaranteed 13,005 2,500 5,090 80 385 325 500 "* — 2,550 275 1,100 200 Other bills discounted Total bills discounted 1 13,005 2,500 5,090 80 335 325 500 -- 2,550 275 1,100 200 Industrial advance 12,126 l,k6k 159 k, 9k3 761 k05 235 65 — k6 30 18 l+,000 U. S# Government securities direct and guaranteed: Bonds i,l+75,3k8 119,3kl 256,738 122,033 173,k76 96,523 36,879 20k,069 1+8,021 50,289 72,350 7k,83k 170,21+5 Notes 723,koo 58,516 125,885 59.861 85,059 k7,328 k2,599 100,060 23,.5k6 2k, 658 35,720 36,693 83,k75 Certificates 1,091,700 83,305 389»979 90,333 128,366 71,1+22 6k,287 151,00k 35,535 37,213 53,906 55,372 125,973 Bills k, 660,560 13k , 2,60k » 292 256» 330 160,537 101,832 79,737 529,k28 267,332 55,966 75,079 73,270 261,121 Total U* 8. Govft securities, direct and guaranteed J,951,008 koo,7k8 3,236,89k 529,112 5k7,k38 317,105 273,552 99k,561 37k,93k 163,126 237,555 21+0,169 6k0,81k Total bills and securities 7,976,139 k0k,712 3,2k2,lk3 53k, 135 5k8,58k 317,835 27k,287 98k, 626 377,k3k 163,kk7 238,685 21+0,187 6k5,01k Due from foreign banks 13k 3 V 5k 13 13 6 5 17 3 2 k k 10 P. R. notes of other banks 6l,108 l.k29 To. 279 2,213 2,5k9 5,852 5,679 7,357 k,k89 1,533 7,125 2,21+3 10,355 Uncollected items 1,563,13k 135,099 31+0,011+ 8k,362 18k, 679 115,93k 80,6k8 228,k2k 61,863 30,37k 32,1+38 1+8,161 171,138 Bank premises 33,630 2,639 9,713 k,68k L,26l 2,-97k 1,671 2,88k 2,08k 1,295 2,76? 1,010 2,61+3 other assets 63,102 k, 5k9 11,737 k, 576 8,260 k,039 3,k05 8,932 2,221 2,203 3,012 3,222 6,9k 6 TOTAL ASSETS 30,221,772 1807,021+ 8,756,569 1890,k70 2,613,522 1606,951 135k,915 5,037,291 1158,221 700,kll 1182,365 398,378 3,215,655 l / Aftor deducting $80,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis