H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form RA 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, March Jl; of the Federal Reserve System not earlier, Larch JO, l^hh CONDITION OF THE FEDERAL RESERVE BANKS During the week ended'March 29 member bank reserve balances decreased 4>352,000,000. Reductions in member bunk reserves arose from increases of ^258,000,000 in Treasury deposits with Federal Reserve Banks, $103,000,000 in money in circulation, and $2h,000,000 in nonmcmber deposits and other Federal Reserve accounts, offset in part by increases of $27,000,000 in Reserve Bank credit, and £2,000,000 in Treasury currency and a docrcase of $i|,000,000. in Treasury cash, Excoss reserves of member banks on March 29 were estimated to be approximately $600,000,000, There was an increase of $51**000,000 in holdings of Urited States Government securities: certificates increased $67,000,000 and bonds $7,000,00^, while bills decreased $19,000,000* Changes in member bank reserve balances and related items during the week and the year ended March 29, lg¡¿Us were as follows; increase or decrease since I.larch 29, March 22, March Jlf 1944 I9hh ____ 1943 ( In millions of dollars) U. S. Govt, securities (incl. guar, sec.) 12,297 + 54 +6,378 Loans, discounts, and advances 93 + 18 + 67 Other Reserve Bank credit 359 - 46 + 112 Total Reserve Bcxnk credit 12,749 + 27 +6,558 Gold stock 21,600 — - 976 Treasury currency 4,092 + 2 + 103 Member bank reserve balances 12,053 - 352 - 706 Money in circulation 21,037 + 103 +4,787 Treasury c^sh 2,329 - 4 + 105 Treasury deposits with F.R. Banks 753 + 258 + 698 Nonmember deposits and other F.R,accounts 2,269 ♦ 2b + 800 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 29, 1944 (In thousands of dollars) LIA. E I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes 17,498,702 1163,689 3897,470 1180,343 1552,337 1160,952 1011*825 3254,646 749,582 397,399 647,530 428,198 2054,731 Deposits: Member bank-reserve acct.12, 053,244 581,596 4042,125 596,581 942,908 469,497 503,649 1759,952 429,328 276,107 553,344 500,4411397,716 U.S.Treasurer-general acct. 753» 087 76,413 161,869 84,994 104,197 44,475 46,696 65,335 21,803 31,426 37,653 33,773 44,453 Foreign 1,564,387 105,349 V614,616 137,243 132,767 59.670 47,736 184,979 46,244 32,819 43,261 43,261 116,442 Other 353,121 3,261 ‘259,517 6,724 7,307 3,633 4,483 4,292 9,427 ■ io-, 536 4,873 2,145 36,923 Total deposits 14,723,839 766,619 5078,127 325,542 1187,179 577,275 602,5é4 2014,553 506,802 350,888 639,131 579,620 1595,534 Deferred availability items ]*lj235170 107,794 287,631 91,743 166,608 103,692 84,918 223,861 58,689 26,748 68,859 50,603 152,024 Other liabilities.including accrued dividends 3,009 717 2,309 529 847 457 327' 1,137 323 250 245 287 531 TOTAL LIABILITIES 33,653,720 2038,819 9265,537 2098,157 2906,>71 1842,376 1699,634 5494,202 1315,396 775,285 1355,7651058,708 3802,870 Capital paid in 156,587 9,379 57,751 11,827 15,948 6,275 5,564 18,166 4,793 3,413 5,097 4,823 13,051 Surplus (Section 7) 188,097 13,206 70,012 17,859 16,026 5,236 5,725 26,490 6,330 3,6^9 4,554 4,831 14,159 Surplus (Section 13b) 26,965 2,874 7,092 4,421 1,007 3,290 749 1,429 530 1,000 1,137 1,307 2,129 Other capital accounts 68,075 3»496 15,015 4,314 3,335 4,932 4,347 10,727 2,953 3,721 3,514 3,036 3,685 TOTAL LIABILITIES iiND CAPITAL ACCOUNTS 34,093,444 2068,274 9415,407 2136,578 2948,237 1862,109 1716,019 5551,014 1330,002 787,088 1370,0671072,705 3835,894 Commitments to make industrial advances 11,165 700 9 3,597 52 1,115 — — 2 — 3,000 — 2,690 F.R. notes outstanding 18,143,165 1193,658 4040,339 1212,752 1595,214 1196,374 1062,151 3343,483 789,107 405,356 663,397 453,998 2177,336 Collateral for F.R.notes held by F.R.Agents: Gold certificates 12,311,000 751,000 3445,000 740,000 1098,000 775,000 750,000 2295,000 290,000 232,000 OJ O * O O rH •> O O O 1724,000 Eligible paper 75,793 2,695 59, >68 ' 1,910 — 650 — — 7,500 -- 3,375 — — U.S.Govt, sec^rities 5,656*210 450,000 600,000- 475,ooo 500,000 450,000 325,000 1170,000 536,210 175,000 . 250,000 175,000 500,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 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 years years 5 years Discounts and advances 32,9?3 71,999 610 7,183 3,150 — — . — — _ _ Industrial loans 9,976 3,538 507 27 294 171 277 116 46 — U„ S. Govt, securities (incl. guar, sec.) ,297,447 1,999,614 1,077,232 2,398,4^9 2,371,911 986,990 1,313,400, 17,800 977,445 1,154,586 1/ After deducting $9li8,7^3*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 for publication Friday morning, March 31» 1944» not Earlier, STATEMENT OF CONDITION OF. THE TWELVE"FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Mar. 29 .Mar. 22 . Mar, 31 1941+ 1944 19L5 A S S E T S Gold certificates on hand and due from U* S. Treasury 19 »134-,325 - 17,000 -1,237,087 Redemption fund - F* R. notes 290,53.5 + 11,685 + 21+8,51+5 Other cash 317,769 - 18,503 - 53,501 Total reserves 19,71+2,629 - 23,818 -1,0l+2 ,01+3 Discounts and advances 82,928 + 18,260 + 70,207 Industrial loans 9,976 + 118 2,682 U. S. Govt, securities Bills 6,733,37*6 - 18,502 +4= ,61+6,863 Certificates 2,951,340 + 66,700 +2,101,665 Notes 1,161,264. + 18,6,689 Bonds 1 ¿51 ,¿+67 + 6,500 - 556,900 --............. Total U. S« Govt» securities 12,297,41+7 + 5^,698 1+6,378,317 (incl. guar. sec,) 1 Total loans and securities 12,390,351 + 73,076 +6,44-5,81+2 Due from foreign banks 136 + 89 F. R. n^tes of other banks 82,361+ - 3,656 + 17,221 Uncollected items 1,781,852 -119,319 + 31+3,271+ Bank premises 34,971+ 38. - 4,083 Other assets 61,138 + l ,91+9 - 13,485 TOTAL aSSETS 31+ ,093,444 - 71,806 +5,746,815 • L I A B I L I T I E S Federal Reserve notes 17,1+98,702 + 69,330 +4,740,206 Deposits; Member bank - reserve account 12,053,241+ -351,828 - 706,056 U.S.Treasurer-general account 753 »087 +258,093 + 698,244 Foreign 1 ,561+, 387 + 21,1+36 + ,684,992 Othe r 353»121 + 2,951 + 66,036 Total deposits ll+ ,723,839 - 69,348 + 743,216 Deferred availability items 1,1+23,170 - 73,252 + 231,487 Other liabilities including accrued dividends 8,009 + 530 + ’ 2,427 TOTAL LIABILITIES 33,653.720 - 72,71+0 +5.717,336 C A P I T A L AC COUNT S Capital paid in 156,587 54 ; + 9.676 < Surplus (Section 7) 188,097 + 27,686 Surplus (Section 13b) 26,965 + 136 Other capital accounts 68,075 + 880 8,019 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 34,093,444 - 71,806 +5,746,815 Ratio of total reserves to deposit ¿1.3# 16.4# and F. R. note liabilities combined 11,165 + 1,934 1,978 Commitments to'make industrial loans Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 263b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 29, 1944 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cl eve. Ri ch. Atlanta Chicago St. Louis! Minn. Kans.Cy. Dallas San. Fran. Gold certificates on hand and due from U#S«Treasury 19,134,325 1065^956 5,238,382 1140,918 1,665*690 1020,981 io41+,468 3,441,799 515,614 377.829 7 23-,341 536,069 2,357*278 Redemption fund-F*R*notes 290,535 23,305 34,827 24,253 25,152 24,721 16,357 53,219 29,258 8*740 11,957 9,442 29,304 Other cash 317.769 26,922 88,109 21,460 22 ,747 17,052 19,115 53,532 11,901 6,638 11,323 10,761 28,209 Total reserves 19,742,629 1116,183 5,361,318 1186,631 1,713,589 1062,754 1079,940 '3,548,550 556,773 393,207 752,621 556,272 e,414,791 Discounts and advances 82,928 2,695 59,668 1,910 630 650 1,000 5,000 7,5oo — 3,375 500 Industrial 1 mns 9,976 352 123 3 *999 375 217 105 4 — 278 30 5 4,488 U\ Govt, securities: Bills 6,733,376 ; 375,424 2,323,292 393,638 418,030 289,648 208,058 1,098,127 414,432 177,180 226,694 182,016 626,837 Certificates 2,951,340 225*969 658,239 230,466 323.491 196,974 163,937 317,657 144,682 93,470 153,694 138,039 304,722 ftjotes 1,161,264 88,911 258,998 90,681 .127,285 77,502 64*503 124.990 56,929 36,777 60,474 54,316 119,893 Bonds 1,451,467 111,130 323.722 113,342 ...159,094 96,069 80,623 156,226 71,155 45,968 75,587 67,890 149,861 Total U. S. Govt, securities '' (inol.» guar, sec.) 12,297,447 801,1+34 3.564,251 828^127 1,027,900 660,993 517,3^1 1,697,000 687,198 353,395 516,449 442,261 1,201,318 Total loans and securities 12,390,351 8o4,481 3,624,042 834,036 1,028,905 661,860 518,226 1,702,004 694,698 353,673 519,854 442,266 1,206,306 Due from foreign banks 136 10 1/ 49 12 12 6 4 17 4 3 4 4 11 F*R.notea of other banks 82,364 1,556 H+,107 2,211 4,177 7,269 6,264 10,233 £,217 2,390 5,476 3,388 20 ,076 Uncollected items 1,781,852 140,088 392,342 105,839 190,229 122,814 106,494 280,892 68,515 34,777 86,444 66,960 186,458 Bank premises 34,974 1,652 2 »081 3,564 4,186 2,915 1,643 2,931 2,054 1,276 2,720 948 2,004 Other assets 61,138 4,304 l4,468 4,285 7,189 4,491 3,448 6,387 2,741 1,762 2,948 2,867 6,248 TOTAL ASSETS 34,093.444 2068,274 9,415,407 2136.578 2,94:8,287 1862,109 1716,019 5,551,014 1330,002 787,088 1370,067 1072,705 3.835,894 l / Jkftpr deducting $87,000 participations of other Federal Reserve. Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis