H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. k. 28} STATEiuENT: FOR THE PRESS Released for publication Board of Governors Friday morning, August 6; of the Federal Reserve System not earlier. August 5> 19^3 CONDITION OF THE FEDERAL RESERVE BANKS During the tveek ended August Jj. member bank reserve balances increased $27,000,000. Additions to member bank reserves arose from a decrease of $161, 000,000 in Treasury; deposits with Federal Reserve' Banks and increases cf $161;., 000,000 in Reserve Bank credit and $3,000,000 in.Treasury. currency, offset in part by increases of $215,000,000 , in money in circulation, $9,000,000 in Treasury cash and $80,000,000 .in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on August Ij. ware estipiated to be approximately $1,030,000,000, an increase of $10,000,000 for the week. There v.ras an increase of $2li;,000,000 in holdings of United. States Treasury bills. ehe.nges in .’member bank reserve, balances and related items during the week and the year ended .august i+, I9I4.3,. were as follows: Iricrease or decrease since July 23, “Ug. 5. AU g. i|, . .19^3 I9I+3 I9h2 (In millions of dollars) Bills discounted 18 + 5 + 13 U, S. Government direct obligations 8,132 +2 ll| +Ut83h U. S»- Government guaranteed obligations 33 + ¿3 Industrial advances (not including'12 million commitments - august 1;) 12 1 Other Reserve B;ank credit 3n,8 - 53 + 261i Total Reserve Bank credit • 8,582 +l&- +5,136 Gold stock 22,335 + 1- - UoU Treasury ' currency ¿1,093 + 3 + 765 Member bank reserve balances '12,.336 + 27 266 Lion.ey in circulation IP, Oil* +215 +5,220 Treasury cash . . • 2,231 •+ 9 + 77 Treasury deposits' with F. It. Banks 398 -161 + 113 Nonmember deposits and other F,k.accounts 1,982 + 30 + 35k Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 1*, 19U3 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich* Atlanta Chicago •3t.Xouis Minn, ;Kans.Cy. Dallas ISan Fran. F. R. notes in actual cir­ culation 11*, 1*32,826 1027,095 3,181,1*60.1007,078 1,306,355 931*, 531+ 766,580 2,791*, 13I* 60l*',850 31+1+.167 521,1*98 31*0,637 1,601*, 1*38 Deposits : Ivieiriber bank-reserve acct. 12,336,078 630,1+05 1*, 218,212 61*0,813 ’ 979,995 51I*, 750. 1*83,198 1,832,131 1*27,51+1+ 277,530 536,322 1*73,817 1,316,356 U*S.Treasurer-general acct. 397* 53^4- 25,U1*9 122,075 26,607 1*3,901 21*, 0l*6 12,139 60,753 13,523 9,568 7,1*87 18,862 28,161* Foreign 1,21*6,91*5 31,362 1/586,596 10l*,239 100,91*7 1*7,182 38,l*ol* 133,865 32,918 21*, 11+0 30,723 32,918 83,651 Other i*03,27l* 5,630 279,252 9,1+11 18,307 6,1*18 2,267 12,700 11,535 9,509 i+,283 i+,095 39,867 Total deposits 11*, 383,831 692,81*6 5,206,135 781,075 1,11*3,150 592,396 51*1,008 2,039,1*51* 1*85,52 5 320,71*7 578,315 529,692 1,1*63,038 Deferred availability items 1,225,21*3 70,131* 230,335 81*, 108 137,619 102,622 77,765 173,113 57,366 25,553 7l+,786 36,339 155,003 uther liabilities including accrued dividends 5,770 1,015 1,81*2 1*56 1*11* 21*9 177 579 221* 11+5 258 119 292 TOTAL LIABILITIES 30,01*7,720 1791,090 8,619,772 1872,717 2,592,558 1629,301 1385,530 5,007,280 111+7,965 690,612 1175,357 907,287 3.227,771 Capital paid in 11*8,971* 9,535 55,029 11,677 15,1+35 6,029 5,31+7 16,51+8 i+,636 3,185 l+,8l*l i+,53'5 12,177 Surplus (Section 7) 160,1*11 11,160 58,001 15,670 11*, 767 5,236 5,725 22,925 i+ ,966 3,221 3,613 1+.083 11,01*1* Surplus (Section 13^) 26,829 2,871* 7,070 l+,393 1,007 3,21*1* 717 1,1+29 530 1,000 1,137 1,307 2,121 Other capital accounts 90,508 5,626 25,709 6,551 3,5(h ¿*,1*66 l*,00l* 13,661* l+,070 3,763 l+,090 3,1+19 6,582 TOTAL LIABILITIES AND : CAPITAL ACCOUNTS 50,l*7l*,l*l*2 1820,28 5 8,765,581 1911,008 2,632,311 161*8,776 11*01,323 5,o6l,3li6 1162,167 701,781 1139,038 920,631 3,259,695 Commitments to make industrial advances 11,836 715 9 1,905 1+11 1,000 61 — 1,1*77 ” 3,000 ~ 3,258 F.R. notes outstanding li*,927,1*38 1066,768 3,289,287 1039,960 1,31*0,183 957,1+31+ 807,177 2,81*3,663 63I*,533 3 50,171 538,139 363,181* 1,696,939 Collateral for F.R. notes held by F.R.Agents: Gold certificates U*,139,000 980,000 3,095,000 950,00a 1,350,000 31*7,000 710,000 2,870,000 350,000 352,000 51*0,000 370,000 1,721*,000 Eligible paper 16,560 2,000 6,290 7,730 — 39O — 50 — 100 — — U. S. Gov’ t securities 953,717 100,000 200,000 100,000 125,000 100,000 ~ 328,717 — 5,000 -- MATURITY DISTRIBUTION OF BILLS AND SECURITIES Yiiithin 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 17,520 12,1*00 3,1+50 1,170 5OO — — — — — Industrial advances 11,826 10,092 396 157 53 1*25 257 522 126 — U, S. Government socuritiU S , direct and guaranteed 8,165,338 617,751 709,530 1,819,081 2,135,1+18 31*6,160 609,650 259,600 698,671 359,1+77 l / After deducting $655,789,000 participations- of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. k. 20 3a koleasud-for publication Friday morning, August 6, lyltfi- not earlier,. ST:*T3.:ENT OF CONDITION OF TEE TTiDjlLVE FEDERAL RESERVE B.JIK3 COMBINED (In thousands of dollars) Increase or decrease since Aug. 1+, July 23, ^ug. 5, 19-U3 l9l+3: I9I+2 A S S ETS Gold certificates on vhand and'due from U. S. Treasury 20,103,216 - 2,999- : - . I+39; i+12 Redemption fund - :F.. k. notes 51,1+23 + . 913 + 1+1,231+ Other cash 31+0,738 - Il+,012 + «9,21+7 Total reserves 20,503,377 - 16,09*3 ' _ - 308,931 Bills discounted: Secured by U.S. Gov’ t obligations, direct and guaranteed 17,520 + 1+,515 + 13,921+ Other bills, discounted -- 1,587 Total bills discounted 17,520 + . 1+, 515 + 12-, 337. Industrial advances 11,826 300 1,671 U. S. Government securities, direct -,nd guaranteed: Bonds 1,1+75,31+3 — - 171-, 533 Kotos 723,1+00 — 1+,175 Certificates 1,091,700 — + 799,31+2 Bills i+.87l+,990 +211+, 330 +U, 238» 81+5- Total U. S# Government securities, direct and guaranteed 3,165,339 +211+, 330; • +li,862il+7li Total- bills and securities 3,19i+, 681+ +218, 51+5 +1+, 873,11+0- Due from foreign banlcs 131+ __ + 37 F. R. ; notes of other banks . 62,602 + ■ 1,1+91+ + ; 36^ 21+6 Uncollected interns 1,612,70k + 1+9,570 + 610,126 Bank, premises 38,631 1+9 1,766 Other assets 62,310 792 + 15,21+1+- TCT^L ¿JSS3TS 3o;li7l+,1+1+2 +252,670' > +5, 221+, li+0 \L Iu 3 I L I T IS S F. R. notes in actual circulation 11+,-l+32,32é +20l+,593 +1+, 661+, 31+5' Deposits: Member bank-reserve account 12,336,078 + 26,903" ■-“..265,971+; U.S;: Treasurer-general account 397,581+ -161,611 + 112,196 Foreign 1,21+6,91+5 + 1+6,703 + 355,828 Other .1+03,271+ + 32,333 . - '38,853 Total deposits ll+, 383,881 - 55,672 + 163,197 Deferred availability items 1,225,21+3 +103,356 + 31+6,666 Other liabilities including accrued dividends . . -5,770 + , 139 +. . 2,1+66 TOT^L LIABILITIES ‘ 30,01+7,720 +252,1+66 +5,176,671+. C ? I T.Ü L u 0 C G U H S Capital paid in -11+3,971+ + 63 + 3,871+ Surplus (Section 7) 160,1+11- — /'+' 2; 909 Surplus (Section 13b) 26,82-9 -- + • 1+8 Other capital accounts 90,509 + 11+1 + :i+0,635 TOT^L LIABILITIES j*2JD C^PIT.iL .iCCOUITTS 30,1+71+, 1+1+2 +252,670 : +5,221+, 11+0 Ratio of total reserves to deposit and F. R. note liabilities combined 71.2# - .1$ ■ - ■ 15 .&/0 Commitments to make industrial advances 11,836 39 3i0l2 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. k, 283b STATEMENT OF CONDITION OF THE FED^IlAL RESERVE BANKS ON AUGUST 1*, 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, 108,216 1215,161 1*,91*9,1*1*0 121*6,237 1,81*5,112 11511,139 985,022 3,726,627 673,513 1+33,528 825,982 612,763 2,382,687 Redemption fund - F.R.notes 5i|,i*23 5,208 1,692 5,936 370 7,1*55 6,1*1+1 932 20,1*30 165 810 31*8 1*, 036 Other cash .31+0,733 29,620 33,333 21*, 392 21*, 193 31,951+ 17,312 .....1+1,351 12,373 10,036 16,81*3 9,202 39,111* Total reserves 20,503,377 121*9,989 5,03l+,l+70 1277,065 1,370,175 1193,51+3 1008,775 3,768,960 711,826 1+93,729 81*6,61*0 622,313 2,1*25,837 ¿ills discounted: Secured by U«S.'Govft obligations, direct and guaranteed 17;520 2,000 6,290 7,730 535 390 200 50 -- 100 25 200 Other bills discounted — — — — — — — -- — — — — Total bills discounted 17,520 2,000 6,290 7,730 535 390 200 ----- 50 — 100 25 200 Industrial advanees 11,826 1,1*61* 159 1*,769 728 375 233 1+ —... 1+6 30 18 1+,000 J. S. Government securities, direct and guaranteed: Bonds 1,1*75,31*8 119,263 257,832 122,067 173,281 96,1+23 86,722 203,81+7 1+8,160 50,21*9 72,835 71*, 712 169,957 Notes 723,1*00 58,1*78 126,1*21 59,353 8l*,961* 1+7,279 1*2,522 99,951 23,611+ 2l+, 638 35,713 36,633 83,331+ Certificates 1,091,700 38,-21*9 190,785 90,326 128,220 •71,31+9 6!*, 170 150,838 35,633 37,183- 53,891+ 55,285 125,763 Bills l*,87l*,890 11+1,1*83 2,785,128 21*3,601 185,989 109,776 90,221 586,233 265,1+00 56,330 86*1+61 77,282 21*6,986 * - - * - Total U. S. GovTt securitiOS, direct and guaranteed 8,165,338 1*07,1*73 3,360,166 515,81*7 572,1*51+ 321+, 827 283,635 1,01*0,869 372,812 168,1+00 21*8,903 21*3,912 626,01*0 Total bills and securities 8,19!*, 681* 1*10,937 3,366,615 528,31*6 573,717 325,^2 OJ CO % O 1,01*0,873 372,862 : 168,1*1*6 21+9,033 21*3,955 . 630,21*0 Due from foreign banks 13I* 3 l/SU 13 15 6 . 5 17 3 2 1* 1* 10 F.R. notes of other banks- 62,602 1,1*1*8 9,51+7 2,258 2,185 7,112 6,177 6,531+ l+,697 1,731 6,923 2,568 11,372 Uncollected items 1,612,701* 150,765 333,515 9l*,081 173,883 115,1+65 97,239 233,861+ 68,380 3I*, 360 80,578 1*7,703 182,871 Bank premises 38,631 ■ 2,689 ' 9,695 1*,672 1*,260 - 2,9711 1,671 2,88l+ 2,083 1,292 2,761 • :1,002 2,61*8 Other assets 62,310 h,h5h 11,685 1*,573 -8,078 1*,079 3,388 0.6& 2,316 2,221 3,099 3,086 6,667 TwTAL ASSETS 30,ii7l*,1*1*2 1830,285 8,765,531-1911,008 2,632,3-11 161*8,776.11*01,323 5,061,81*61162,16? 701,781- 1189,038 920,631 3,259,695 l / After deducting $80,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis