H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FontF. R, 283 STATEMENT FOR THE PRESS . Released for pub lication Board of Governors Friday morning, Iviarch 3» pf the Federal Reserve System not earlier. liarch 2, 1944. CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 1 member bank Reserve balances increased S271 »00.0,000. Additions to member bank reserves ^rose from decreases of £506,000,000 in Treasury deposits with Federal Reserve Banks and $132,000,000 in nonmember deposits and ether Federal Reserve accounts, offset in part by decreases of $198,000,000 in Reserve Bank’ credit and $30,000».00,0 in gold stock and increases of $127,000,000 in money in circulation and $14,000,000 in Treasury cash. Excess res'erves of ’member banks on March 1 were estimated to be approximately' 51,200,000,030. ' • There was a decrease of $19^,000,000 in holdings of United States Govern­ ment securities. Bills decreased .$217,030,000 and notes $2,003,000, while certi­ ficates increased $24,300,000 and bonds $3»000,000. Changes' in member’bank reserve .balances and related items during the week and "che year ended Burch' 1, 1944» were as fellows: ' Increase’, or decrease since liar. 1, ' Feb. 23, iVi •-r. 3, -19W . I9W1 1943 (In mi 1.1 ions of doll.-rs) U. 8. Govti, securiti.es. (incl, .guar, sec-.) . 11,624- 192 +5,32h Loans', discounts,►and »a^vtyaces'' 47 10 + 22 v'ther Reserve Bunk credit 1—1 + 4 + 65 Tot'--.l Reserve Bunk credit 12,042 I98 +5,912 Gold stock- 21,712 30 - 931 - Treasury currency . 4»09l + 1 + 133 ¿'»ejvber bank reserve balances 12,33c + 271 555 ko.nsyin circulation • -: , 20,823 + 127 +4» 669 Treasury cush- . ' : ¿»350 + 14 + 133 Treasury deposits with F, R, Banks 140 ' « 506 • + 126 illc&meinber deposits and other F.R. accounts 2,152 - 132 + 74.' Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fo»i F, R* 283° ST.iTEiuENT OF CONDITION OF THE FEDERAL RESERyE BANKS ON ¡¿ARCH 1, I9I+I+ (In thousands of doilars) 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 Fran. Federal Rajgerve notes 17»338,9^5 1166,376 3,828,1+38 1175,b08 l,5b0,202 1153,93b 986,199 3,256,118 71*1,566 391,86b 638,925 1+25,701 2,03b,21k Deposits': Member bank-reserve acct. 1^379,736 582,296 b,lbO,9b7 609,832 958,21+2 507,080 532,327 1,857,685“ bbl,b97 281,912 572,572 510,310 1,385,036 U.S,Treasurer-general acct. 11+0,055 23,580 2l+,6l2 8*327 17,112 3,118 796 38,115 9,2b2 3,919 1,371 537 9,326 Foreign l,57b,b76 105,099 1/628,065 136,7b0 132,280 59,b52 b7,562 18b,301 b6,075 32,699 b3.i03 b3,i03 115,997 Other 21+0,066 3^715 lb5,9l9 5,2b5 5,953 b,203 6,977 6,330 10,978 9,782 2,823 3,379 _3b,771 Total deposits . lb,33b,333 71b,690 b,939,5b3 76o,lbb 1,113,587 573,853 587,662 2,086,b3l 507,792 328,312 619,869 557,320 15b 5,. 130 Deferred availability itemsj^^i^ y j 96,071 273,363 71,362 157,993 102,572 72,15b 2ll+,302 61,197 26,31b 98*553 1+2,755 138,696 Other liabilities including accrued dividends 6,073 597 l,b92 561 575 306 221 911 228 191- 3b6 M l. b71 TCTaL labilities 3 * 3 “ ,035,188 1977,73b 9,ob2,836 2007,b75 2,812,357 1830,665 I6b6,236 5, 558,262 1310,733 7b6,6811357,698 3025,950 3,713,511 Capital paid in 156,310 9,371 57,717 11,823 15,379 6,280 5»5ijb 18,133 b,779 3,399 5,085 l+,737 13,008 Sui'plus (Section 7) 188,097 13,206 70,012 17,859 16,026 5,236 5,725 -26,b90 6,330 3,669 b,55b b,831 lb,159 Surplus (Section 13b) 26,965 2,87b 7,092 b,b21 1,007 3,290 7b9 l,b29 530 1,000 1,137 1,307 2,129 Other capital accounts 65,227 3,271 lb,277 3,995 3,05b b,750 b,222 io,b83 2,791 3,625 3,361 2.Q15 3,b6p TuTAli LIABILITIES AND CAPITAL ACCOUNTS 33,b71,787 2006,9569,191,93b 201+5,573 2,853,323 1850,221 I662,b76 5,61b,807 1325,213 758,37b 1371,8351C99,783 3,751,287 Cominitments to make industrial loans 10,308 700 9 2,186 100 918 — — 16 -7 3,000 680 2,699 F. R, nrtes outstanding 17,3b5,280 1196,29b 3,9b6,320 1200,3Ü+ 1,575,006 1180,276 1027,926 3,315,795 7^,167 399,132 656,221+ 1+51,790 2,127,036 Collateral for F»R.notes held by F.R.Agents t Gold certificates 13,312,000 751,000 3,575,000 725,0001, 176,000 775,000 750,000 2,560, :oo boo,000 230,000 bio, 000 286,000 l,67b, ooo Eligible paper 32,133 1,090 16,753 6,790 — 3,b30 — — b,070 — U.S,Govt, securities b,316,983 b50,000 1-00,000 b75,~00 boo,000 b50,000 300,000 790,000 b51,983 175,000 250,000 175,000 500,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 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 Discounts end advances 37,110 31,872 2,390 1,190 1,658 Industrial loans * 9,919 8,93b 19 36 262 lb9 355 118 b6 U. S. Govt, securities (incl, guar* sec.) 62b,b62 1,653,5b3 1,037,720 3,061,268 1,929,590 821+.270 1,121+,600 202,000 50b,021 l,237,b50 l / After deducting ^b5,287,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F, R* 283* 'Released for publication Friday morning, March 3.191*1** n0^ «wli«**» STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Mar. 1, Feb. 23, Mar. 3, 19W* 19U* 191*3 A S S E T S Gold certificates on hand and due from U« S« Treasury 19.303.570 - 7.505 -1,11*5,609 Redemption fund - F. R, notes 21*2.11*2 - 21,61*9 ♦ 205,910 Other cash 31*8,656 ♦ 12,1*05 - 25,1*88 Total reserves 19.09^.368 - 16,71*9 - 965.187 Discounts and advances 37.UO - 9,393 ♦ 25,376 Industrial loans 9.919 21*8 3.121 U, S. Govt, securities* Bills 6,31*7.051 -216,987 ♦1*. 81*9.089 Certificates 2,696,21*0 ♦ 23,500 ♦1.907,365 Notes 09^.700 - 1,500 - 282.860 Bonds 1,686,1*71 ♦ 3.21*5 - 61*8.861* Total U, S, Govt« securities (incl. guar, sec7) 11.621*,1*62 -191.71*2 ♦5.821*. 730 Total loans and securities 11,671,1*91 -201*383 ♦5.81*6,985 Due from foreign banks 136 w mm + 89 F, R. notes of other banks 7k, 517 399 ♦ 31.081* Uncollected items 1.726,1*83 ♦ 36,916 ♦ 2ei*,230 Bank premises 35.022 73 1*,089 Other assets 69,770 + 1-91*7 - 20,968 TOTAL ASSETS 33.1*71,787 -179.71*1 +5.092,11*1* L I A B I L I T I E S Federal Reserve, notes 17.338.91*5 +152.31*8 ♦1*, 666,858 Deposits^ Member bank-reserve account 12.379.736 ♦270.51*9 - 555.036 U«S.Treasurer*general account 11*0.055 -506,233 + 125,828 Foreign 1,571*.U76 - 17.285 ♦ 723.195 Other 21*0,066 -112,083 - 1*9.587 Total deposits 11*. 331*. 333 -365.052 ♦ 2i*l*,l*00 Deferred availability items 1.355.837 + 32.927 + 139.190 Other liabilities including accrued dividends 6,075 865 + 1.359 TOTAL LIABILITIES 33.035.188 -180*61*0 ♦5.051.807 C A P I T A L ACCOUNTS Capital paid in 156,310 161 ♦ 9.1*51* Surplus (Section 7) 108,097 ♦ 27,686 Surplus (Section 13b) 26.965 ♦ 136 Other capital accounts 65*227 ♦ 3.061 m TOTAL LIABILITIES AND CAPITAL ACCOUNTS 33.1*71,787 -179.?U +5.092. 11*1* Ratio of total reserves to deposit and F.R, note liabilities combined 62.8$ + 15.1# Commitments to make industrial loans IQ, 308 ♦ 3 61* 1.933 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

fc'or* F. R. 283b STATEMENT OF CONDITION OF THE FEDER.iL RESERVE BANKS ON MARCH 1, I9UI* ( 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 ü*S.Treasury 19,303,570 983,683 54*73.287 1051,110 1,579*601 1038,005 1007,609 3,51*2,315 651,730 388,833 711.990 509,169 2,366,338 Redemption fund -F.R.notes p).p jj,2 22,71*1 21,251* 21*, 361* 20,082 21*,306 ll*,93li 39.727 19,1*26 S,5ii5 12,086 9,596 25,081 Other cash 3U8,656 31.21*3 87,li25 21*, 395 21*, 621 18,253 19,208 62.388 13,151 7,781 12,199 9,Hli 33,878 Total reserves I9.89li.368 1037.667 5.581,966 1099.869 1,621*,30I* 1080,561* 101*1,751 3,61*1*,1*30 681*,307 1*05,159 736,175 527,879 2,1*30,297 Discounts and advances 37,110 1,090 16,758 • 6,790 50 3,1*50 500 1,500 *,070 2,1*22 500 industrial loans 9,919 369 123 3,916 380 225 107 1* ~ 265 30 12 li,1*88 iJ. S. Govt, securities: Bills 6,31*7,051 iilU,096 2,027,139 1*22,81*2 1*1*0,61*6 278,798 222,529 1,089,1*01 295,890 11*6,952 239,196 197,615 571,91*7 Certificates 2,696,.21*0 206,419 601¿772 210,531 295,li 56 179,350 11*9,661* 290,291* 132,H*l 85,383 lliO,379 126,051 278,250 Notes .89l|,700 68 ,.14.96 199,686 69,878 98,01*1 59,681 1*9,66k 96,330 1*3 »81*9 28,333 li6,582 1*1,826 92,331* Bonds 1,686,1*71 129,113 376,1*00 131,717 181*, 801* 112,1*96 93,611* 181,577 82,651* 53,ii05 87,801* 78,81*1 17li, 01*6 Total U.S. Govt, securities (incl. guar, sec.) ll,62lt,U62 818,121* 3,20!*,997 835,018 1,018,91*7 630,825 5l5,ii7l 1,657,602 55I*»53I* 3ili,073 513,961 lilil*,333 1,116,577 Total loans and securities 11,671,1*91 819,583 3,221,878 81*5.721* 1,019,377 63I*, 1*80 516,078 1,659,106 558,601* 31I*,338 513,991 1*1*6,767 1,121,565 Jue from foreign banks 136 10 1/1*9 12 . 12 6 1* 17 1* 3 1* 1* 11 F.R.notes of other banks 7h, 517 1,570 9*936 2,196 3,1*23 10,519 8,353 9,1*1*1* 5,63ii 2,330 3,31*9 3,1*80 Hi,283 Uncollected items 1,726,1*83 11*1 j 552 353.208 89.377 I9l*,001 116,793 90,691* 291,323 71,390 33,079 111,935 57,352 175.779 Bank premises 35,022 1,656 9,081 3.576 1**195 2,922 1,61*6 2,931* 2,058 1,276 2,720 91*8 2,010 Other assets 69,770 1*,918 15,816 1*,819 8,011 li,937 3,950 7,553 3,216 2,189 3,661 3,358 7,31*2 TOTAL ASSETS 33,1*71,787 2006,956 9,191,931* 20ii5,573 2,853.323 1850.221 1662,1*76 5,6ll*;807 1325,213 758,371* 1371,835 1039,788 3,751,287 l / After deducting Ç87,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis