H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R, 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Feb. 25; of the Federal Reserve System not earlier. February 21*, I9U* CONDITION OF THE FEDERAL RESERVE BANKS During the week ended February 23 member bank reserve balances decreased $135,000,000. Reductions in member bank reserves arose from increases of $236,000,00'.' in Treasury deposits with Federal Reserve Banks, $36,000,000 in money in circulation and $.l,0;j,000, in Treasury cash and* decreases of $£©,000,000 in gold stock and .'$3»000,000 in Treasury currency, offset in part by an increase of £279.000,000 in Reserve Bank credit and a decrease of $21*,000,000 in nonmembe.r deposits and other Fe .eral Reserve accounts. Excess reserves of member banks on february 23- were estimated to be approximately $1,100,000,000. There was-an increase of $1^22,000,000 in holdings of United States Govern­ ment securities: bills increased $¿1*7»000,000, certificates $8,000,000 and bonds $3,000,000; while notes decreased $36,000,000, Changes .in mcaiiber bank’ roserve balances and related items during, the week' and the year'ended February 23, 191*1*, were as follows: Increase or decrease, since Feb. 23, Feb. 16, Feb. 21*, 19UU 19UU I9k3. (In millions' of dollars) U, S; Govt, securities (incl. guar, sec.) 11,016 + 1*22 + 5,385 Loans, discounts, and advances 57 15 + 32 Other Reserve .Bank credit 367 - .157 + 100 Total Reserve Bank credit 12,21*0 + 279 + 6,017 Gold stock 21,71*2 - 60.. 901 Treasury currency ¿*,090 3 + 165 Member bank reserve balances 12,109 135 808 Money in circulation 20,696 + ■ .86 + k,7kk Treasury cash 2.336 + i 11$ Treasury deposits* with F. ft. Banks !6i*6 ♦ 286 + 388 Nonmember deposits and other #^R;accounts 2,281* - 2h 81*3 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 233c STATEMENT OF CONDITI® OF THE FEDERAL RESERVE* BANKS ON FEBRUARY 23, 1944 . (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.Cy. Dallas San Flran. Federal Reserve notes 17,186,597 1162,379 3,806,989 1169,858 1,533,031 1140,306 963,9.76' 3,21+5,140 ,’732,510 389.471 626,508 412,518 2*003,911 Deposits* . Member bank-reser:ve- acct,12jL09,187 5.71,505 4,022,803 599,210 927,235 502,561 509,3891 1,-827,972 : 1+55.266:281,742 572,633 495.262 1,363,609 U.S.Treasurer-general-acct. 646,288 1+7,69!+ 99,050 43,809 77,503 61,938 53,438 57,296 50,696’ 28,911 33,529 39,029 48,390 Foreign 1,591,761 110,110 1/607,986 141,999 137,368 61,739 49,391' 191,389 47,847 33,956 44,760 44,76o 120,456 Other 352,11+9 3*709; • 252,227 7,520 5,413 3,699 3,Û52. 5.723. 14,060:: 10,791 1,590 2,994 36,371 Total deposits lU, 699,385 733,018 4,982,066 797,538 1,147,524 629,937 620,270 2,,082,380 547,869 3 55,400 652,512 588,045 1,568,-826 Deferred availability items 1,322,91,0 96,194 215,418 92,908 170,859 88,211 73,863 ‘ 205,243 50,449 3 i ¿9-33 90,987 59 M 147,798 Other liabilities including : • * - • accrued dividends 6,936 635 1,692 55k 635 227 247. 898 212 196 981 235 424 TOTAL LIABILITIES 33,215,828 1992,226 9,006,165 2060,858 2,852,049 1858,681 1658,3-56 5,533,661 1331,o4o 777,0001370,988 1053,845 3,720,959 Capital paid in 156,11*9 9,B71 57,687 11,811 15,858 6,266 5,520 13,122 4,770 3,395 5,080 4,761 13,008 Surplus (Section 7) 188,097 13^206- 70,012 17,859 16,026 5,236 5,725 26,490 6,330 3,669 4,551* 4,831 14,159 Surplus (¿ection 13b) .. 26,965 2,874: 7*092 4,421 1,007 3,290 749 I.429 530 1,000 1,137 1,307 2,129 Other capital accounts .„64,489 1 3,207 - 14,216 3,928 7,990 4,736 4,223 10,224 2,731 3,597 3,307 2,385 3,445 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 33,$51,528 2021,331; 9,155,172 2098,877 2,892,930 1873,209 1674,573 5,589,926 1345,401 788,6611335,0661067,629 3,753,700 Commitments to..make industrial loans 7 9,944 700 .9 1,923 100 816 « •: 16 3,000 680 2,700- F. R. notes outstanding 17,770,07k 1198,960 3,921i,81T6 1196,1+81 1,569,439 1177,4o£ 1029,349 3,301,294- '763,734 -396,575 650,519 1+46,769 2,124,703 Collateral for F.R.notes held by F.R.Agentss . Gold certificates . 13,076,000 761,000 3,340,000 725,000 1,170,000 775,poo. 750,000 2,,530,000 400,000 230,000 410,000 311,000 i£74,ooo Eligible paper ■42,556 510 .20,608 3,313 — 2,830 — . , — “*■ ■*> i • 15,295 4 ■—* *. -- -- --- U.S.Govt, securities' 4,981,709 450,003 600,000 i+75,000 400,000. 450,000: 300,000 790,000 441,709 175,000 250,000 150,000 500,000 • MATURITY DISTRIBUTION £>F LOMS AND SECURITIES - ■ -w.-* liiiithin l6 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 years years 5 years ? • : •- » ?■ Discounts and advances 46,503 43,175 2,355 74o ; 233 Jw -- — Industrial loans 10,167 9,193 6 25.: 262 * u-90 358 131 102 U. d. Govt, securities ... (incl. guar, sec.) 1].,816,204 1,743,402Î 1,189,048 3,194,366 • 1,845,672 565,140 1,120,050 420,300 500,021 1,238*20; l/A fter deducting $981,6143,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283a Released fpr publication Friday morning, February 25,1944» not earlier» STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of- dollars) Increase or decrease since Febt 23, •Feb. 16, * Feb, 24, 19U4 I9W1 1943 A S S E T S Gold certificates on .hand tind due from U,S, Treasury 19,311,075 - 63,501 -1,130,206 Redemption fund - F, R. notes 263,791 200 + 227,902 Other cash 336,251 . - 10,787 T ¿±5,812 Total reserves 19,911,117 - 74,488 - 948,116 Discounts and advances 1*6,503 + 14,248 + 35,189 Industrial loans 10,167 207 3.532 U, S. Govt, securities? Bills 6,564,033 +446,621 +5,074,538 Certificates 2,672,740 + 8,200 +1,886,865 Notes 396,200 - 36,000 - 323,635 Bonds 1,683,226 + 3,057 - 752,635 Total U. S. Govt, s'ecuritiös (incl. guar, sec.) 11,316,204 +421»373 +5,335,133 Total .loans and securities 11,872,874 +435,919 +5,916,740 Due from foreign banks 136 + 89 F. R, notes of other banks 74,916 - 4,380 + 29,609 Uncollected items * ' ’ ' 1,689,567 ‘ -521,512 + 168,104 Bank premises. 35,095 17 4,084 Other assets 67,823 + 5^3 - 22,715 TOTiiL. ASSETS 33,651,528 • 63»930 +5,139,627 L I A B I L I T I E S Federal Reserve not‘es 17,186,597 ' + 72,467 +4,675,114 Deposits t Member bank-reserve account ' 12,109,187 ' -134,603 - 808,018 U.S„Treasurer-general account 646,283 +286,627 + 338,110 Foreign 1.591.761 + 40,236 + 790,230 Othe r 352,149 - 64,163 - 16,822 Total deposits * 14,699,385 .+128,142 + 353,500 Deferred availability items' 1,322,910 -364,235 + 68,266 Other liabilities including accrued dividends 6,936 • * 986 + 2,015 TOTAL LIABILITIES ' 33,215,828 -164,612 +5,098,895 C A ? 1 T a‘ L A C C O UNT S Capital paid in 156,149 + 93 + .9,327 Surplus (Sccti*on 7) 133,097 + 27,686 Surplus (Section ljb) 26,965 + 136 Other capital accounts 64,439 + 584 + 3,583 TOTAL LIABILITIES AND CaPITaL ACCOUNTS . 33,651,528 -163,930 +5,139,627 Ratio of total reserves to deposit and F. R* note liabilities combined 62. % - 15.23S Commitments to make industrial loans 9,9bk + . 273. 1,629 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R, 283b STATEMENT OF CONDITION' OF THE FEDERAL RESERVE BANKS ON FEBRUARY 23., 1944 (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 19,311,075 1005,389 5,266,744 1102,524 1,579,177 1065,106 1011,580 5, 51*7,156 681,032 405,439 752,332 538,128 2,355,978 Redemption fund-F.R.notes 263,791 22,841 ■. 40,189 24,519 20-,189 , 23,252 18,050 39,859 19,464 8,556 12,112 9,622 • 25,138 Other cash 336,251 30,755 88,120 25,326 26,179' ! 18,709 21,804 • 40,654 13,969 8,300 11,951 10,060 40,424 Total reserves 19,911,117 1059,1*85 5,395,053 1152,369 1,625,545 1107,067 1051,43U 3,627,669 714,455' 422,295 776,39 5 557,810 2,421,51*0 Discounts andT'advances 46,503 510 20,608 3,313 125 2,830 500 1,500 15,295 -- ... 1,522 500 Industrial loans 10,167 379 123 li, 159 380 227 107 4 -- 258 50 12. 4,488 U. S. Govt, securities: Bills 1 6,564,038 400,409 2,190,456 412,894 477,813 282,478 225,405 1,130,748 288,749 156,700 229,897 189,'695 573,791* Certificates 2,672,740 2o4,6oo 597,008 208,7^6 292,795 173,175 148,245 237,373 130,91*8 84,626 139,120 124,880 275,684 Notes 896,200 68,605 200,184 70,010 93,176 59,745 49,709 96,526 1*3,909 20,377 46,647 41,375 92,439 Bonds 1,683,226 128,853 375,982 131,490 184,392 112,212 93,362 181,294 82,470 53,298 87,612 73,645 175,616 Total U.S. GöVt. -securities (incl, guar,, sec.)- 11,316,204 802,467 3,363,630 823,130 1*053,. 176 . 632,610 516,721 1,696,441 546,076 323,001 503,276 435,095 1,120,535 * • ■ Total loans and securities'. 11,872,374 803,356 3,384,361 830,652 1053,631 635,667 517,328 1,697,91*5 561,371323,259 505,306 436;427 ;i,125,521 Due from foreign banks 136 10 1/ 1*9 12 12 6 4 17 4 3 4 4 11 F.R.notes of other banks 74,916 1,562 10,947 - 2,281 . 3,538 12,336 7,357 * .6,928 .4,318 3.102 5,720 ,2,630 15,647 Uncollected items 1,689,567 150,498 ; 339,95-6 105,231 198,089. 115.731 92,980 246,397 59,658 56,610 95,460 66,45? 181,920 Bank premises 35,095 1,661 9,101 •3r5S3 1^195 2,922 l»649 2,941 '. 2,062' 1,273 2,726 1 956. 2,016 Other assets 67,323 4,812 15,705 4,694 - . 7,370 4,380 3,821 ' 7,529 5,055 . 2,114 5,455 .3,545 . 7,o45 tot^l assets 33,651,528 2,021,38b 9*155,-172 2098,3772,392,930 1378,209 1674,573 5,589,9261345,^01 783,661 133.'5,.06.61067,629 3,753,700 l / After deducting, $87,000 participations of -other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis