H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 233 ST^TBilEITT FOR THE PRESS. Released for publication Board of Governors Friday morning, August 20; of the Federal Reserve System not earlier. August 19, 19^-3 CONDITION OF TH2 FEDERAL RESERVE-BANKS During the week ended August 18 member bank reserve balances increased $20Uj000,000. Additions to member barik reserves arose from decreases of $265»000,000 in nonmember deposits and other Federal Reserve accounts, .$196,OOOjOOO in Treasury deposits with Federal Reserve Banks, and $2,000,000 in Treasury cash, offset in part by decreases of $132,000,000 in Resprve Bank credit and v15,000,000 in gold stock and an increase of $113»000,000 in money in circulation. Excess reserves of member banks oh August 18 were estimated to be approximately $1,290,000,000, an increase'of $90,000,000 for the week. There was a.: decrease o'f $161,000,000 in holdings of United States Treasury bills. Changes in member bank rosorve balances and related items during the v/eek and the. year ended August 18, I9h3> were as follows» Increase or decrease since Aug, 18, Aug. 11, Aug. 19, I9h3 19U3 19U2 (In millions of dollars) Bills discounted 18 - O +. lh U. S. Government direct obligations 8,123 - 161 +It,680 U. S. Government guaranteed obligations 33 -- + ' 23 Industrial advances (not including 12 million commitment's - August 13) 11 1 3 Other Reserve Bank credit ¿¡.01 + 36 + '252 Total Reserve Bank credit 8,586 - 132 +U.271 Gold stock 22,291 - 15 - U53 Treasury currency k,0~)2 + 1 + 153 Member bank reserve balances 12, ¿60 + 2 oi; + 1 Money in circulation 18,2.1k + 113 +5,253 Treasury cash 2,279 - 2 + 73 Treasury deposits with F. R. Banks 99 - I96 - 141 Nonmember deposits and other F. R. accounts 1,717 - 265 + 79 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

.Form F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS- OK AUGUST 18,-1943 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta • Chicago St.Louis Minn. Kans.Gy. Dallas San Fran. F. R. notes in actual cir­ culation 111, 625,583 1030,099 3,232,032 1022,981 1,332, 161* 951,1*13 769,1*35 2,831,753 611,173 31*7,219 526,390 31*1,1*50 1,621,1*66 , . Deposits* Member bank-reserve acct.]2£59,568 639 19914309.029 655.353 1,010,030 512,209 502,659 1,897,687 1*26,91*1* 269,566. 562,629 1*73,669 1,311*. 79l* U.S»Treasurer-general acct* 99,080 611* 92,060 351* 556 565 573 1,035 526 532 637 573 1.005 Fore ign 1,11*8 , 0l*2 29,1*02 1/ 51*2,523 95,1*72 92,1*50 1*3.211* 35,171* 122,607 30,11*9 22,109 20,139 30,11*9 76,61*6 Other . 239,516 1*,653 " 11*3.511 3,30l* 0,201* 6,1*1*1 2,131 1*,285 9.993 7.952 2,1*1*0 5,567 1*0.535 Total deposits li*,ll*6,2o6 673,860 5.167,123 751*,983 1,112*01*3 562,1*29 51*0,537 2,025,611* 1*67,612 300 >209 593,31*5 511*,953 1,1*32,980 Deferred availability items 1305,311* 01,1*91 250,91*6 09,768 133,360 10l*,602 71*,933 19U,913 61,191 26,71*3 77,670 51,031* 153,3*5 Other liabilities including accrued dividends 5,539 771 1,933 1*60 303 222 163 1*99 197 162 205 11*1 265 TOTAL LIABILITIES 30,082,61*2 179l*,229 3,652,081* 1868,200 2,502,963 1610,666 1335,123 5,052,779 111*0,173 67l*,333 1190,190 907,633 3.200,256 Capital paid in 11*9,028 9,532 55,016 11,707 15,1*1*1* 6,030 5,31*8 16,563 1*,637 3,186 I*', 81*1 1*,535 12,181 Surplus (Section 7) 160,1*11 11,160 58,001 15,670 .11*, 767 5,236 5,725 22,925 1*,966 3,221 3,613 1*,083 11,01*1* Surplus (Section 13b) 26,829 2,871* 7,070 2**393 1,007 3,21*1* 717 1,1*29 530 1,000 1,137 1.307 2,121 Other capital accounts 91.025 5.627 25,989 6,591* 8,591* 1*.1*77 1*,015 13.796 l*,ol*o 3,771 ¿4,055 3,1*1*1 6,636 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 30,509,935 1823,1*22 8,798,160 1906,561* 2,622,775 1637,661 11*00,928 5,107,1*92 Il5l*,3l*6 685,516 1211,81*1* 920,999 3,21*0,228 Commitments to make industrial advances 12,313 710 9 2,163 1*00 961* 1*8 — 1,768 — 3,000 — 3,251 F.R.notes outstanding 15,11*3,377 1082,81*1* 3,328,265 1053,31*1* l,37l*,1*1*5 979,823 818,560 2*878,800 636,982 352,531 51*6,551* 369,282 1,721,91*7 Collateral for F*R. notes held by F.R.Agents: Gold certificates 11*, 097,000 990,000 2,91*5.000 910,000 1,380,000 967,000 725,000 2,900,000 350,000 355,000 550,000 376,000 1,71*9,000 Eligible paper 17,000 :l*,ol*o 6,705 3,360 1,280 0 2,1*25 10 100 --- — U.S. Gov*t securities 1,206,981* 100,000 1*00,000 150,000 — 125,000 100,000 — — 326,981* 5,000 -- — MATURITY DISTRIBUTION OF BILLS MD SECURITIES "I -L - 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 17M7 16,230 95 930 692 Industrial advances 11,1*91 10,156 1* 155 39 1*35 257 321 121* U. S. Government securities, direct and guaranteed 8,155,675 911,218 689,51*9 2,217,103 1,61*1*,307 206,100 ),650 ),600 698,671 859,1*77 l / After deducting $603,017,000 participations of other Federal Reserve Bi ks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Ptirm F. R* 283a Released for publication Friday morning, August 20,191*3» not earlier. STATEMENT OF CONDITION .OF THE TWELVE FEDERaL RESERVE BaNKS COI.IBDTED (In thousands of dollars) Increase or decrease since Aug. 18, Aug. 11, Aug. 19, 19U3 19U3 I9h2 A S S E T S Gold certificates on hand and due from 13. S. Treasury 20,0^9,712 - 19,502 • 1*97,907 Redemption fund - F. R. notes 7k,985 + 3,023 4■ 60V993 Other cash 329,676 - 5,305 4 79,762 Total reserves 20,1*53,373 - 21,779 ■ 357,152 Bills discounted» Securcd by U.S. Gov't obligations, direct and guaranteed 17,9h7 - 6,283 4■ 15,202 Other bills discounted *»■» — 1,596 Total bills discounted 17,9^7 - 6,283 4r. 13,606 Industrial advances 11,1*91 196 ' 2,056 U. S. Government securities, direct and guaranteed» Bonds 1,1*75,31*8 *m 171,538 Notes ■ 723,1*00 — - 1*,705 Certificates 1,091,700 — + 750,727 Bills 1*, 865,227 - 161,661 4» 1*,133,092 Total U. S. Government securities, direct and guaranteed 8,155,675- -161,661 4* 1*, 707,576 Total bills and securities 8,185,U3 -168,11*0 4-, 1*, 719,126 Due from foreign banks 127 — 4- 80 F. R. notes of other banks. 62,1*38 ♦ 68 4* 3U,276 Uncollected items 1,705,955 +181*, 83 5 4- 533,556 Bank premises -33,631 - ,1 1,770 Othor assets 61*, 293 + 1,351 4* .15,580 TOTaL ASSETS 30,509,935 - 3,666 4- 1*, 91*3,696 L I A B I L I T I E S F. R. notes in actual circulation 11*, 625,583 +103,189 + 1*, 702,503 Deposits*' iviuiribur bank-r-scrve account 12/659,568 +203,761* 4- 6,725 U,S. Treasurer-general account 99,080 -196,386 - il*o, 698 Foreign 1,11*8,01*2 -121*, 099 4- 233,708 Othor 239,516 . -139,638 - 189,708 Total deposits ll*, 11*6,206 .-256,359 - 89,973 Deferred availability items 1,305,311* +11*9,276 4* 281,836 Other liabilities including accrued dividends 5,539 7 4- 1,989 TOTAL LIABILITIES 30,082,61*2 - 3,901 4- 1*, 896,355 C A P I T A L A C C O UNT S Capital paid in 11*9,028 + 6 4- 3,882 Surplus (Section 7) 160,1*11 — + 2,909 Surplus (Section 13b) 26,829 .. 4- 1*3 Other capital accounts 91,025 + 229 + 1*0,502 TOTaL LIABILITIES AND CAPITaL ACCOUNTS 30,509,935 - 3,666 4- l*,9l+3,696 Ratio of total reserves to; deposit and F.R. note liabilities c'ombined 71.1% + «3% 15.0^ . Commitments to make industrial advances 12,313 + 33I* - 6,1*13 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form P. a. 233b .STATEMENT OF CONDITION :0F THE FEDERAL RESERVE- BANKS ON AUGUST 18, I9U3 (in thousands of. dollars) A S S E T S Total Boston New York Phila. Cleye. Rich. Atlanta Chicago St.Louis • Minn» Kàns.Cy. ; Dallas San Fran. ? Gold certificates on hand and • . . * due from U.S.Treasury 20.01*9,712 121$, 665- h, 935,137 1106,1*03 1,326,125. II32,.310- 991,029 3,795,977 665,1*23 1*55,910 31*5,51*3. 613,299 2,335,1*90 Redemption fund -F.R.notes 711,985 5,003 20,227 0,202 705 3,033 6,293 • • 803 20,370 11*3 773 : 305 3,933 Other cash 323,676 28,315 00,570 25,725 22,175 29,995 16,969 39,935 12,069 9,107 16,236 3,701* 33,796 Total reserves 20,1*53,373 121*9,063 5,.035,931* 1220,1*10 1,01*9^005 1170,901 1015,0963,836,715 697,062 li.65, 165 362,557 622,1333 2,1*23,277 Bills "discounted* Secured by li.S.Gov't obligations, direct and guaranteed 17,91*7 l*,ol*o 6,705 2,360 535 1,230 — 15 2,1*25 10 100 117 230 Other bills discounted “ —• ~ -------- — — Total bills discounted 17,91*7 l*,ol*o 6,705 2,360 505 1,200 — 15 2,1*25 10 100 117 230 Industrial advances 11,1*91 1,1*63 159 i*, 1*1*3 709 375 21|0 1* 1*5 30 13 1*,000 U. S. -Government securities, direct and guaranteed* • Bonds 1,1*75,31*9 119,007 260,306 122,032 172,030 96,197 06,365 203,31*3 1*0,1*76 50,159 72,000 71*,1*37 169,303 Notes 723,1*00• 5Ö.391 127,635 59,035 31* ¿71*7 1*7,160 1*2,31*7 99,701* 23,769 21*, 59I* 35,696 36,1*93 83,016 Certificates 1,091,700 03,121 - 192,615 90,297 127,096 71,132 63,909 •150,1*65 . 35,060 37,115 53,363 55,033 125,231 Bills ' It,865,227 11*6,657 2,700,660 295, lei* 100,756 113,035 87,373 51*8,663 .266,206 60,679 73,521. . 65,602 • 225,31*3 - Total ü. S. Gov't securities, direct and guaranteed 8,155,675 1*12,256 3,361,221* 567,328 57l*,237 327,632 200,1*99 1,002,175 371*, 319 100,51*7 21*0,305 231,620 602,953 i : ; Total bills and ■ > . . securities 8,185,113 . ¿*17,759 3,363,160 571**136 ; 575,531 329,207 230,739 1, .002,191+ 376,71*1* 100,602 21*1,015 231,75 • 5 607,133 Due from foreign banks 127 3 1/ 1*6 13 13 6 5 17 3 2 1* h 11 F.R. notes of other banks 62,1*38 1,375' To,773 2,301 2,205 6,31*0 6,339 7,083 1*,216 2,156 6,239 2,030 9,515 Uncollected items 1,705,955 11*7,917 361,002 100,39^ • 103,1*79 123,700 : 93,113 . 21*9,622 71,110 31*, 027 96,117 59,71*2 135,651 Bank premises 38,631 :2,609 9,695 1*,672 i*,26l 2,971* 1,671 2,381* 2,003 1,292 2,761 1,002 2,61*7 Other assets 6!*,298 ht 616- 12,1*62 1*, 637 3,281 3,91*5 ' 3,1*65 8,977 2,320 2,272 3,101 3,270 6,91*1* TOTAL ASSETS 30,509,93? 1323,1*22 3,793,160 1906,5&* 2,622,775 1637,661 11*00,923 5, 107,1*92 115U,346 685,516 1211,31*1* 920,999 3,21*0,228 l/ After deducting'$31,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis