H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 ST.iTE3.iEKT FOR THE PRESS Released for publication Board of Governors • Friday morning, March 17; of the Federal- Reserve System not earlier. Ivarch 16, 1944 CONDITION OF THE'FEDERAL RESEkVE BANKS During the week ended March 15 member bank reserve balances increased '¿322,000,000. ' Additions to member bank reserves arose from an increase of ¿205»000,000 in Reserve Bank credit and a decrease of 0192*000,000 in Treasury deposits with Federal Reserve Banks, offset in part by increases of V>1;3,000,300 in money in circulation, $2,000,000 in Treasury cash, and $30*000,000 in nonmenber denes its and other Federal Roserve accounts. Excess reserves of member banks on ;..arch 15 were estimated to be approximately ^1,3^0,000,000« There was an increase of 081,000,000 in holdings of United States Government securities: notes increased $271,000,000 and certificates $1^3*000,000, while bonds decreased 0255*000,000 and bills‘053,000.000.' Changes in member bank reserve balances and relatod items during the waek and the year ended I/larch 15, 1944* were as follows: Increase or decrease since March 15, Llarch 8* karch 17 I9uii ' ' I9U1' 1943 (In millions of dollars) U. S, Govt* securities (incl. guar, sec.) 12,110 + 31 +5*3 44 Loans, discounts, and advances 75 + 13 + 52 Other Reserve Bank credit U57 + 110 + IiS Total Reserve- Bank cre-dit + 205 +5*944 Gold stock - 94o- Treasury currency 1 + 110 Member bank reserve balances 12,705 + 322 - 311 ¿loney in circulation 21,006 + 43 +4,891 Treasury cash 2,342 + 2 .+ 118 Treasury deposits vith F.R. Banks - 192 + 71 Nonmember deposits and’ other'F.R.accounts + 30 + 343 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Jf'OXTÜ F. R. 233c STaTEM'^T OF CONDITION OF THE FiSDEhAL RESERVE B^NKS ON ItnkCH 15, I9UU (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. 01^ve. Rieh, xitlanta Chicago St.Louis LIinn. Kans.Cy. Dallas Sun Fran. Föderal Reserve notes 17,ii9l,10l* ;i 70,09l 3,975,225 1182,738 1,553,911 1163,1*65 995,1*27 3,275,565 71*7,367 396,081 61*2,223 1*26,21*0 2,062,721 Deposits: i.;..mbcr bank-resurvo aect. I2,70l*,7l6 609,216 1*,218,070 61*1,017 977,366 523,821 535,153 1,962,717 1*58,667 285,81*3 586,231 527,7& 1,373,351 U.S.Tre-surcr-gcnoral acct. 76,670 1,075 58,803 753 1,030 831* 1,032 8,231,60 37 71*6 1,007 1,030 1,032 foreign • 1, 51*0,332 , 101,816’1/621,290 132,825 128,1*93 1*6,200 179,021* 1*1*,57756,7 5031,762 1*1,869 1*1,869 112,67? Other xn-i 007 ‘ 3.83Q 28li.08li ö.lö'ö 6.151 3.573 Total deposits 11*, 703, 51*5 715,91*6 5,182,21*7 780,765 1,113,51*0 586,131 535,921* 2,11*7,706 522,51*9 328,1*91* 633,525 571*',062 1,532,606 Deferred availability : lS 1,636,320 120,352 379,115 92,91*3 187,566 121*, 531* 96,836 21*5,3T7 70,1*93 35,31*9 81*,935 51*, 279 11*1*,976 Other liabilities incli O accrued dividends 7,685 593 2,105 1*33 655 326 232 1,058 280 205 1,070 218 ....505 TOTaL LIABILITIES 33,039,151* 2006,987 9,1*38,692 2056,929 2,855,672 1871*, 506 1678,1*19 5,669,716 131+0,69!* 7 6 0 1361,805 1051*,799 3,710,808 Capital paid in 156,1*5!* 9,373 57,752 11,330 15,898 6,276 5,557 18,151* 1**790 3,1*06 5,091 1*,790 13,032 Surplus (section 7) 133,097 13,206 70,012 17,859 16,026 5,236 5,725 26,.1*90 6,330 3,669 1*, 55l* 4,331 il*, 159 Surplus (Section 13b) 26,965 2,871* 7/092 l*,l*2l 1,007 3,290 71*9 .1,1*29 530 1,000 1,137 1,307 2,129 Other capital accounts 66,539 3,361* ll*,66l i*,186 8,201 i+,838 1**285 10,625 ■2,316 3,608 3,337 2,979 3,57i? TUT*JL LIABILITIES AND C^iPIT^L ACCOUNTS 31*,277,259 2036,309 9,588,209 2095,225 2,896,801* l89l*,ll+6 l69l*,735 5,726,1*11 1355,160 771,372 1375,972 1063,706 3,773,707 Commitments to .make industrial loans 3,362 700 9 1,39 5 70- 976 — — ' 16 — 3,000 — 2,696 F.R. notes outstanding 18,061*,901 1197,979 1*,010,269 1216,307 1,597,131* 119!*, 1+99 101*1,673 3,339,'629 776, 6i*0 1*03,112 661,1991*56,308 ¿,169,753 Collateral for F.R.notes hold by F.R.Agents j Gold certificates 13,05I*,000 751,000 3,1*20,000 71*0,000 1,098,000 775,000 750,0..0 2 ,590,000 295,000 230,000 1*20,000 236,000 1,6/ 9,000 Eligible )apur 53,953 2,235 20,783 17,375 — 6,000 — 7,010 500 - - - U.S.Govt, securities 5, 132,31*7 1*50,000 600,000 l*75,ooo 500,000 1*50,000 300,000 790,000 517,31*7175*000 250,000 175,000 5go,oco LJiTURITY DISTRIBUTION OF LoANS x.ND SECUhlTIaS « Within 16 to 31 to 6l 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 yoars yoars 5 years Discounts and advances — — 65,295 1*9.997 12,190 2,1*33 675 - - - - - - Industrial loans 10,291* 8,1*58 383 517 290 132 31*6 117 1, — U. S„ Govt, securities (incl* guar, see*) 12,110,1*00 1,613,699 1,768,115 2,232,567 2,159,21*3 921,990 1,271*, 700 17,300 971*, 195 1,11*3,036 l/ After deducting $918,223,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form /. R. 233s- 17 9 Released for publication Friday morning, ¡-¿arch ,l Uu; not earlier* stat'&jSnt of cgnditici: ' of TH* TWBLVE f F3DJ3ki*L RLS3RVE BANKS COLIBINLD (In thousands of dollars) * Increase or decrease since har. 15> i;ar, 3, liar« 17j 19UU 19IU 19U3 3 S 3 T 3 A Gold certificates on hand and due i'rom U, S. Treasury 19,235,325 - 22,500 -1,171,31*1 Redemption fund - F. R. notes 269,039 ’ + 23,U2o + 229,00!* Other cash 322,077 - 6,757 68, 562 Total reserves 19,327,21a - 5,337 -1,010,399 Discounts and advances 65,295 + 13,1*00 + 55,102 Industrial loans 10,29b + $ik 2,671* TJ. S. Govt, securitj.es: . Bills 6,659,779 - 57,953 +5,353,723 Certificates 2,3147,61*0 +122,600 +1,051,865 Notes 1,161,2 6k +271,561* + 11*5,539 Bonds 1,Mil,717 -25l*,90l* - 707,11*1* ■ • Total U. S. Govt, securities (incl* guar, sec.) 12,110,1*00 + °.l,307 + 5, 81*1*5 033 Total loans and securities 12,165,989 + 95,221 +.5,896,1*61 Due from foreign banks 136 + ' -89 F. K. notes of other banks 75,khB + 7,662 + 12,985 Uncollected items 2,09k,012 +532,331 + 155,01*7 Bank premises 35,321 1 ¿*,090 Other assets 59,lii2 - 15,256 ■ i6,6ll* TOTaL -*.SSiL(iD 51,277,259 +611*, 370 +5,032,979 L I A B I L I T I E S Federal Reserve notes 17,1*91,101* + 1*3,005 +1*,839 , 73 6 Deposits: 1 {ember bank-reserve account 12,7014,716 +321,637 - 810,936 U. S. T r er; s ur e r - g en e r a 1 ac c oun t 76,670 -192,11*1* + 70,603 Foreign • 1,5^0,332 - 27,702 + 673,715 Othe r 331,-12 7 + 1;1*, 7l*0 + 119.330 Total deposits 1U.703.5U5 +11+6,531 + 52,662 Deferred availability items 1,636,820 +1:22,1*1*6 . + 106,990 Other liabilities including’ accrued dividends 7,635 - 3,323 1 CM •k C— O 00 TOTaL LIABILITIES 33,839,151 +613,659 +];, 996,680 C P I I A L a UCC U K T S Capital paid in 156,1+51 + 76 + 9,519 Surplus (Section 7) 188,097 -- + 27,686 Surplus (Section 13b) 26,965 — + 136 Other capital accounts 66,539 * 635 1,01*2 TO'L.L LIABILITIES .JiD CAPITAL *iCC0UKT8 3U,277,259 +511*, 370 +5,032,979 R^tio of total reserves to deposit and F, R. note liabilities combined 6l.tr/o ,h% - 111. 755 Commitments to make industrial loans 8,362 - 1,571 3,367 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F, R, 253b STATEMENT OF CONDITION OF TH3 FEDERAL RiS.'.RVE BANKS N LAKCH 15, I9UU fin thousands of dollars) S S E T S Total 3os.ton How York Phila. Clove. Rich. stianta Chicago St.Lcüis Linn. Kans.Cy. Dallas San iVan. a ana 19,235,325 1008,822 5,531,1*95 1103,629 1> 557,1*99 1032,306 1008,699- 35,1*29,11*7 593,307 365,197 717,531 537,71*7 2,31*0,91*6 s 269,839 23,575 35,666 21*, 607 25,382 21*, 712 16,73U 39,510 21*, 370 3,768, 12,037 9,550 21*,928 Other cash 322,077 29,765 30,263 21, HOI; 22,611* 16,997 20,096 57,689 11,625 6,600 11,299 10,093 33,232 Total reserves 19,827,21*1 1062,162 5,61*7,1*21* 1150,01*0 1,605,1*95 I07I*, 015 101*5,529 j5,526,31*6 •634,302 381*, 565 71*0,867 557,390 2,399,106 Discounts and advances 65,295 2,285 20,733 17,375 670 6,000 550 5,203 7,010 500 2,000 2,1*22 500 Industrial loans 10,29!* 359 123 ll, 305 375 217 106 1* -- 275 30 12 1*,1*88 U. S.Govt. securities: Bills 6,659,779 375,016 2,177,732 367,11*9 1*1*6,685 287,288 205,317 ]-,2 75,71*5 350,1*95 163,810 21*0,1*27 175,336 59U,?79 Certificates 2,81*7,61*0 218,032 63I*, 937 222,352 312,156 190,089 158,219 306,1*60 139,611* 90,191 11*8,308 133,216 291*, 066 Notes 1,161,261* 88,915 258,926 90,675 127,298 77,518 61*,520 121* ,971* 56,9^1* 36,778 60,1*80 5I*, 326 119,920 Bonds 1,1*1*1,717 110,383 321,1*58 112,571* 158,01*1 96,239 80,102 155,156 70,631; 1*5,661 75,086 67,1*1+6 11*8,882 Total U. S» Govt» securities (incl* guar, sec.) 12,110,1*00 792,351 3,393,053 792,750 1,01*1*, 180 651 ,.131* 508,158 ]L, 862,335 ¿17,727 336,1*1*0 52li,301 1*30,521* ].,157,61*7 Total loans and securities 12,185,989 79l*,995 3,1*13,959 811*,1*30 1,01*5,225 657,351 503,011* ]1,367,539 621*, 737 337,215 526,331 1*52,758 3.,162,655 L»ue from foreign banks 136 10 1/1*9 ■12 12 6 • 1* ■ 17 h • 3 1* 1* ll F.R.notes of other banks 75,1*1*8 1,116 10,91*3 2,1*22 3,1*55 7,1*58 8,1*91* 9,538 ■6,ool* 2,958 U, 528 2,892 15,61*0 Uncollected items 2,09l*, 012 172,31*6 ■ 1*92,637 120,731 231,608 11*3,122 •126,933 '313,738 • 3 5,-1*31; 1*1*, 080 98,636 71,511 183,256 Bank premises 35,021 1,656 9,031 3,576 1*,195 2,922 1,61*6 2,931* 2,057 1,276 2//20 91*8 2,010 Other assets 59,1*12 1*,021* 13,916 1,011* 6,811* 1*,272 3,315 6,302 2,622 1,775 2,886 5,1*05 6,069 TOTal, AdSLTS 51*,277,259 2036,509 9,588,209 2095,225 2,896,80!* 1894,11*6 169U,735 5,726,1*11* 1355,160 771-,872 1375,972 1068,706 3,773,707 .l / .after deducting $87,000 participations of other Eed.er.al„ Kqserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis