H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. K, 233 STaTELENT FOR THE PRESS Released for publication Board of Governors Friday morning, August 27; of the Federal Reserve System not earlier, August 26, 19^3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 25 member bank reserve balances increased $1+2,000,000. Additions to>member bank reserves arose from increases of $551,000,000 in keserve Bank credit and $6,000,0-.'0 in Treasury currency, offset in part by increases of $219,000,000 in nonmember deposits and other Federal Reserve accounts $205.000,000 in Treasury deposits with Federal Reserve Banks, $c>9.000,000 in money in circulation and $3,000,000 in Treasury cash, .Excess reserves of member banks on August 25 were -¿Jstimated to be approximately $1,110,000,000, a decrease of $130,000,000 for the week. - There, was. an. increase of $621,000,000 in holdings of United States Government securities. Bills increased $600,000,000, certificates $15,000,000 and bonds $6,000,000. Changes in member bank reserve balances and related items during the week and the year ended August 25, 191+3, were as follows t Increase or decrease since Aug. 25, Aug. 13, Aug. 26, 191+2 191*3 .19U3 (In millions of dollars) Bills discounted 1|0 + '22 + 35 U. S. Government direct obligations s,7UU +621 +5,360 U# S. Government guaranteed obligations 33 — + 23 Industrial advances (not including 12 million commitments - August 25) 12 + 1 2 Other Reserve Bank credit KS O CO : - 93 + I9I Total Keserve 'Bank credit 9,137 +551 +5,612 Gold stock 22,292 + 1 - U55 Treasury currency It, 090 + 6 + 761 Member bank reserve balances 12,702 + 1+2 + - 176 Honey in circulation 10,303 + 09 +5,21+6 Treasury cash 2,282 + 3 + 63 Treasury deposits with F. R, Banks 301+ +205 + 120 Nonmomber deposits and other P. R. accounts 1,936 +219 + 305 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. ft./23Jc STAÏliL^hKT OF G EDITION Or Tlliü ySüElûJ, REb-JftVE BA1ÎKS ON AUGUST 25, ; I9Ù3 (In thousands of dollars) L l i / B L L I I I E S Total Boston Now York Phila. Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.'R. notes, in actual cir- * culation 114,710,293 1043,646 3,251,131 1029,774 1,342,647 950,919 772,399 2,31*7,932 .613,01*9 340,391 523,916 341,105 1,631,331* Deposits: Member bank-rescrvo acct. 12,702,115 '623,019 1*,31*6,139 653»313 1,022,>¿60 523,732 404,545 1,971,1*30 1*22,969 273,9314 564,562 1*75,351* 1,339,753 U.S.Treasurer-genural acct. 303,61*9 3,325 3 5,390 21,81*6 29,705 11,035 13,925 32,496 15,645 14 , 527 15,230 25,614 23,061 Foreign 1,229,.603 20,6261/ 577,909 103,276 100,015 1*6,71*6 33,049 132,629 32,614 23,917. 30,439 32,614 32,639 Other 375,409 4,659 273,537 5,221 3,374 3,423 2,674 4,935 0,063 3,501 4,544 2,1*76 42,702 Total deposits 11*, 610,776 665,929 5,233,555 703,661 1,161,054 590,736 544,193 2,11*1,1*90 400,091 320,929 614,32 5 536,053 1,433,205 Deferred availability items 1,114,759 >0,657 227,652 .66,079 115,300 94,647 62,233 . 153,110 55,733 26,227 62,973 33,300 120,913 Other liabilities including accrued dividends 5,005 674 2,104 532 442 131 190 506 203 I99 261 I73 322 TOTaL.LIABILITIES 30,441,713 13"00,9'06 0,,764,442 1330,31*6 2,619,443 1644,533 1379,028 5,143,163 1149,131 6?6,21*6 1206,975 915,721 3,241,274 Capital paid in 149,025 9,532 55,000 11,706 15,444 6,030 5,348 16,566 4,o37 3,107 4,341 4,536 12,132 Surplus (Section 7) 160,411 • 11,160 53,001 15,670 14,767 5,236 5,725 ■ 22,925 4,966 3,221 3,613 4,033 11,044 Surplus (Section 13t>) 26,029 2,074 7.070 4,393 1,007 3,244 717 1,429 530 1,000 1,137 1,307 2,121 Other capital accounts 91,513 5,665 26,156 6,627 0,626 4,403 4,034 13,067 4,060 3,779 4,092 3,455 6,656 TOTiii LIABILITIES aND CAPITAL accounts 30,-869,491 1330,137 0,910,677 1919,242 2,659,207 1663,539 1394,052 5,197,955 1163,332 707,433 1220,650 929,102 3,273,277 Commitments to make industrial. advances 11,932 710 9 1,042 400 943 41 1,760 — • 3,000 -- 3,219 7. K. notes outstanding 15,263,325-1033,304' 3,347,702 1060,555 1,373,132 905,770 033,061 2,399,616 651,464 355,063 553,553 377»236 1,732,201 Collateral for F.ft.notes held by F.R.Agents: . Gold certificates 11*, 011,000 970,000 2,770,000 920,000 1,300,000 377,000 740,000 2,930,000 375,000 356,000 560,000 334,000 1,749,000 Eligible paper 39,477 6,200 21*, 807 740 2,030 — 5,500 100 100 — — U. S. Gov1t securities 1,416,900 120,000 600,000 150,000 125/000 100,000 316,900 — ■ " 5,000 — — 1.1 PURITY DISTRIBUT iOH OF BILLS uUD SECURITIES TSithin 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 yea:rs years 5 years Bills discounted 40,364 33,376 970 923 95 — — — — Industrial advances 11,791 10,460 76 09 39 442 21*3 312 125 — U. b. Government securities$ direct and guaranteed 3,776,311 979,120 967,009 2,21*2,363 1,073,316 217,100 693,650 239,600 690,.671 065,477 l / After deducting $650,566,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. k. 2B>a' Released for publication Friday .morning, August 27,19^3; n0^ earlier. STaTEI iEin? OF CONDITION OF TKii TWELVE FSDERaL RESERVE BANKS COF.3IKED (In thousands of dollars) Increase or decrease since Aug, 25, .mg. 18, -ug. 26, 19143 191+3 191*2 3 S -E T S Gold certificates on hand and due from U. S. Treasury 20,036,216 - 13,1+96 511*, 910 Redemption fund - F. R. notes G6,<i lit + 11,1*29 + 73,373 other cash 330,551 + 1,375 + 05,513 Total reserves 20,1+53» 131 192 — 356,019 Bills discounted: Secured by U.S. Gov’ t obligations, direct and guaranteed 1+0,361+ + 22,1+17 + 36,039 Other bills discounted — — - 1,092 Total bills discounted 1+0,361+ + 22,.a i.7 + 31+, 9l*7 Industrial advances 11,791 + 300 - 2,390 U. S. Government securities, direct and guaranteed: Bonds 1,1+;; 1,31+0 + 6,000 163,935 Notes / 23,u00 — - it, 705 Certificates 1,106,700 + 15,000 + 765,727 Bills 5,a65,3o3 +600,136 +1+,,795,953 Total U. S. Government securities, direct and guaranteed 3,776/111 +621,136 +5j ,303.,oUo Total bills and securities 3,323,966 +61+3,^53 +5j,1+20,597 Due from foreign banks 127 -- + 30 F, k. notes of other banks- - '62,073 360 + 32,009 Uncollected items 1,1+22,1466 -233,!i09 + ]575,loU Bank premises 33,602 29 - 1,706 Other assets 61+, 071 227 + 13,361 TOTAL ASSETS 30,369,1+91 +359,556' +5,,1433,31+6 L I A B I L I T I E S F. R. notes in actual circulation H+,710,293 + 01+, 710 +-1+,,679,352 Deposits? i.-icmber bank-reserve account 12,702,115 + 1+2,51+7 + 175,697 U.S.Treasurer-general account 303,61+9 +20I4,5^9 + 127,69!+ Foreign 1,229,603 + 31,561 + 521,963 Other 375,1+09 +135,093 - 9u 630 Total deposits it,¿10,775 +I46I4,570 * 570,72!+ Deferred availability items i,iil+, 759 -190,555 + 10I4, U37 Other liabilities including accrued dividends - 5,-35 + 3I46 + i,T5° TOTaL LIABILITIES 30,1+1+1,713 +359,071 +5,1*36,263 c a p i t a l c c q d f t s Capita-1 paid in 11+9,025 3 + 3,063 Surplus (Section 7) • 160,all — 2,909 1 Surplus (Section 13b) 26,329 + uo wther capital accounts 91,513 + 1+80 + 1+0,763 TOTAL LIABILITIES. AND C^PIT,vL ACCOUNTS 30,865,1+91 +359,556 +5,1+33,01+6 Ratio of total reserves to deposit and F.k. note liabilities combined 69.3°/» - 1.39b - 16.6, Commitments to make industrial advances 11,932 331 - c.7 3 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R.' 283b STATEMENT OF CONDITION OF THB FEDERAL RESERVE BANKS ON AUGUST 25, 19^3 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. ICuns.Cy. Dalias San Fran. Gold certificates on hand and due from U.S.Treasury 20,036,216 1210,182 4,606,779 1210,898 1,885,185 II55,425 990,31*5 3,900,11*6 630,291 1*70,915 870,1*50 620,298 2,.425,3ft2 redemption fund - F.R.not*es 86,1*11* 8,018 29,987 8,079 623 7,362 6,222 722 20,31*1 139 755 783 3,333 Other cash 330,551 27.920 ; 83,155 21*,981 23,366 28,283 15,91*2 1*0,793 12,31*5 8,853 Ì6,510 10,258 38,145 Total reserves 20,1*53,181 121*6,120 1*,719,921 121*3,958 1,909,171* 1191,070 1012,509 3,91*1,661 722,9771*79,907 857,715 631,339 2.,466,330 Bills discounted: ¿Secured by U.S. Govf t obligations, direct and guar-^teed 1*0, 36a 6,200 21*, 807 71*0 525 2,030 — 15 5,500 100 100 ' 117 230 Other bills discounted — — — — —r — — — — — — -- — Total bills discounted 40,364 6,200 21*, 807 71*0 525 2,030 — 15 5,500 •100 100 117 • 230 Indu str i al advanc es 11,791 1,461 159 4,759 706 375 231* 1* — 1*5 30 18 4,000 U. S. Government securities, direct and guaranteed: 3onds 1,1*81,31*8 119» 1*77 262,699 122,508 173,301* 96,1*67 36,526 203,897 1*8,81*2 50,311* 73,076 74*593 169,645 Notes 723,1*00 58,345 123,286 59.825 8l*,631 1*7,109 1*2,251* 99,571 23,351 21*, 570 35,686 36,427 82,845 Certificates 1,106,700 89,260 196,261 91.525 . 129,1*73. 72,067 61*, 61*1 152,331 36,1*9° 37,583 54,597 55,725 126,742 Bills 5,1*65,363 168,21*1* 3,21*1,8^9 305,321 197,71*9 129,1*11* 101,160 577,390 256,336 '76,990' 77,529 77/156 255,697 Total U.S. Gov’t securities, direct and guaranteed 8,776,811 435,326 3,829,115 579,179 585,157 345,057 294,589 1,033,139 366,019 139,462 240,883 243,901 634,929 Total bills and securities 8,828,966 442,937 3,854,081 594,678 . 586,388 347,462 294,323 1,033,203 371,519 139,607 241,013 ¿44,036 639,159 Duo from foreign banks 127 3 1/ 46 13 13 6 5 17 ■ . - 3 2- 4 .. 1* . 11 F.R. notes of other banks- 62,078 1,436 10,311 2,334 2,754 7,965 5,706 ; 6,715 4,176 1,301 7,572 •2,218 9,090 Uncollected items 1,422,466 132,362 303,565 78,953 143,554 110,065 76,664 204,694 60,313 33,056 73,463 47,327 143,450 Bank premises 38,602 2,689 9,695 4,672 4,251 2,960 1,667 2,384 2,002 1,292 2,761 1,002 2,641 Other assets 64,071 : 4,540 ■ 12,558 4,634 3,153 4,.oo5 3,473 .8,776, 1 2 ■ , * 2 . • 62 2,268 3,Î76 7,096 , „ Total*¿¿¡SETS 30,369,491 1330,137 3,910,677 1519,21*2 2,659,207 1663,539 1394,352 5,197,955 1ï63,332;707,433 1220,653 9^9,102 3,273,277 l/A fter deducting $81,000 participations of other Federal Reserve* Banks'. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis