H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F.R, 283 S TAT MENT FOR THE PRESS Released for publication Board of Governors Friday morning* April 7 5 of the Federal Reserve System not earlier April 6, 1944 COHDITION OF THE FEDERAL RESERVE BANKS During the week eiried April' 5 'member bank reserve balances increased $221+,000,000* Additions to member bank reserves .•arose franf an increase of $17>000,000 in Reserve Bank credit and reductions of §327*000,000 in .Treasury . deposits with Federal Reserve Banks and $112,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part' by a decrease of $60,000,000 in gold stock, and increases of ,$154,000,000 in money in circulation and $18,000,000 in Treasury cash. Excess reserves of member banks on April 5 were estimated to be approximately $900, 000,000. There was an increase of $35,000,000 in holdings of United States . Government securities: certificates increased 952,000,000 and bills decreased $17,000,000. Changes in member bank reserve balances and related items during the week and-the-year sided April. 5.» 1944, were as follows: Increase or decrease sine e April 5» March 29, April 7* 1944 1944 1943 (in millions of dollars) U# S# Govt« securities (incl# guar# sec») 12,332 + 35 +5,783 Loans* discounts# and advances 56 - 37 + 30 Other Reserve Bank credit 377 + 18 + io4 Total Reserve Bank credit 12,766 + 17 +5V916 Gold stock 21,540 - 60 -1,001 Treasury currency 4,093 + . 1 + . 99 Member bank reserve balances 12,277 : ♦ 224 - 833 Money in circulation 21,191 + 154 +4,838 Treasury cash : 2,347 + 18 + 118 Treasury deposits with F*R* Banks 6 - 327 + 213 Nomember-deposit s • and ojther F«R* a.CQ.ouilt s 2,157 - 112 + 680 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

;'orm F. R. 283c 'STATEMENT- OP CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 5, I9UU (In thousands of dollars) L I A B I - L I T I E S Total Boston New‘-York • ' Phila. . Cleve, Rieh. Atlanta Chicago St.Louis Minn. Kans-.Cy. Dallas San Fran. inderai. Reserve note? 17,635,730 1174,25-5 3¿$2?,110 -II88,955- 1,559,859 1170,699 1021,277 3,282,198 756,233-400,726 652,752 433,759 2067,927 Deposits: ' . 1 , ifember bank-reservs acct42 ,276,815 <592 ,931 4,128 ,222 ” Ö06,590 943,588 505,328 520 ,584 1,762 ,116 428 M l 282 ,245 571,693 514,306 1420,525 U.S'.Treasurar-goneral'acict. 1^26,330 25,336 " 211,418: 18,288 31 ,l4l 10,176 12,506 51,481 15,998 9,570 8,997 - 9 .*94l 21,478 /oreign 1 1^ 32,527 ' 98r25i;.2/567,4l3r 124,636 120,571 54,189 43»352 167,987 41,997 29,804 39,-287 39,287 105,753 other 368,601 2,855 -2?6,892’ 5,623 6,415 4,039 3,593 3,793 9,12h ]G/?75 •3,035 33 428 Total deposits . . 14,504,273 719,573;;j, 183,945.'. 755 A37 1,101,715 573,752 580,055' 1,985,577 496,406 552.094 625,012 566,965 1586,134 Deferred availability ii►emsl, 265 ,164 98,353 , 255,169.. 75,970 125,045 84,875 72,075 206,061 55,016 24,934 76,221 42,745 150,652 Other liabilities incluaLing accrued dividends 8,016 656 . 2,079; 556 83l 282 649 1,199 345 241 264 206 658 ToTaL liabilities .33',413,18? 1992 ,637 9,368,503. .¿018,618 2,787,498 1829,583 1674,030 5,474,355 1508,000 7 58,545 1352,249 1043,653 3805,421 Capital paid in 156,645 9,3.79 .. 57,754 11,828 15,959 6,276 5,564 18,171 4,795 '3,417 5,097 4,827 13,078 Surplus (Section 7) 183,097 13,206 70,012 17,859 16,026 5,236 5,725 26,490 . 6,330 3,669 4,554 4,831 14,159 -Surplus (Section 13b) ■ 26,965 2,874 7,092 4,421 1,007 3,290 749 1,429 • 53c 1,000 1,137 1,307 2,129 Other capital accounts 63,552 3,518 '15,154 4,558 8,378 4,972 4,552 10,734 2,947 3,742 3,565 3,069 3,765 TOTAL LIABILITIES AND CaPIT-iL ACCOUNTS 33,853*442 2022,114 9513,315 2057,084 2,828,868 1849,562 1690,426 5,551,659 1522,602 770,175 1366,602 1057,687 3858,550 Commitments to make industrial advances 8,378 450 8 1,485 52 1,193 — — ---- ---- 3,000 ---- 2,690 PmR. notes outstanding 13,194,717 ,1200,046 4,062,326 1214,179 1,599,354 1198,245 1063,455 3,560,206 ’ 788,594 407,052 670,088 458,847 2172,325 Collateral for F.R.notes neld by ¡Mi.^gents* Gold certificates. 13,120,000 - 761,000 3,770,000 740,000 1,100,000 775,000 710,000 2,295,000 290,000 234,000 430,000 291,000 1724,000 Eligible paper 42,110. 5,180 30,775 5,550 — ---- ---- —j. . 500 — . 125 — — U.S.Govt, securities. 5,589,541 450,000 300,000 4.75,000 500,000 450,000 375,000 1,170,00c 569,541'175,000! 250,000 175,000 500,000 IizVFURITY DISTRIBUTION OF LOAFS ÆD Si'CJKl^ILS Within 16 to 31 to . ■ 61 tf; s- to 6 montns 4 to 2 2 to Over .Total 15 days 30 days 00 days 9à àüyr> 6 r.ic.'ïtns to .1 y ¡ar- yaars 5 years 5 years Discounts and advances : ; 43 >9óo ' §8,055 11,555 975 3,375 Industrial loans 12,494 11,092 505 29 311 130 290 &5 1+6 ~ U. S. Govt, securities (incl. guar, sec.) 12,331,921 1,274,505 1,233,043 2,127,225 2,378,377 1,563 ,^40 1,6C0,SC'- 17,800 977 M 5 l,l$k,5d6 l/ After deducting $861,611,000 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, j-.pril 7> 1944; not earlier.' dTiiTEMS^iT; OF 'CONDITION OF THE TiiELVE riSDBlSi* J&SERVE j BAMS CriiBIIiED •(In thous-ands of dollars)’ Increase or decrease •since Aor.: 5 1 ; Iviar. 29 Apr, 7 1314 . V . 1944' 1943 •A S S E. T S Gold^certlficatBs"’on hand-and due ;from,lJ, S* Treasury 19,084; 3^ 5" " '— 50,000 -1,253,091 Redemptionifund - F. R. notefe 278, C68 - 12,467 + 237/360 Othei: cash,: 295,5$5 - 22,234 - 66,167 ' ri * ' Total r»servfes.‘ * ^ 19.657 ^ 8 84,701 -1, 081,898 D .... i ... s . " c o w u . n ...... t ."‘ s -y r'y an d ^ " - a ... dvances b£.96& *'r- 38-, 968 + 30,680 i Industrial! loans « 12,494'. + 2,518 - 453 II.1 S, Govt* securities Bills ;• 6,716*J50 - 17,226 +4,183,1146 3,003,C>40 + 51,700 +2,019,665 Certificate? * *. N.fctes ! 1,161,264 * + 180,589 Bpnds r‘J*. 1,451,1)67 • — - 600,500 Total U »/.£(• Golr-t; securities (incl / guaty sec»«) ^ .12#331*921 + 34,474 +5,782,900 * (« Tota-i lo-$-&s and securities • 12,388,>75'. - 1,976 +5,813*127 Due Troifr foreign banks ’ 4' ' ,136 + . 89 F, "R.. ng.t4s ^of^'‘other banks ; 72,133 . - 10,231 20,457 Uncollected items- l,642;254*• - -139,598 + 291,195 Bank’ premises 34*966 : 8 - 4,065 Other assbts ' 57,650 - - 3,488 - 19*118 TQTaL 33,853,14^ . -240,oce +5*019,787 *- j* L . I A B I L I T I E . S Federalr-ffe serve .notes s 17,635^730. " +137,028 +U,796,638 Deposit« i -• +• + « /' j ’ iucmber*-l|ank: - reserve account 12,276,815-. * '+223,571 •p 833.341 U*S . Trwsibisurer^gbneraLt #ccpunt .1^6,330 .' -326,757 + 213,073 Foreign; l,lf32,527 - -131,860 + 556,107 Other 368,601, + 15,480 + 69,637 Tot-el deposits ' 14,504,2.73;' „ -219,566 + 5,476 Deferred: availability itqirfs 1,265,164- -158,006 + 186,572 Other liabilities including accrued* dividends /; i , - 8,016.; + 7 1,878 tota£ LIABILITIES j -33*413,182 -240,537 +4,990,564 ** ,f * * • • d a P I T A L ' .C C' 0 PlN'T-'S^ Capital paid in 156,645 + 58 + 9.739 Surplus (Section 7) 188,097 + 27,686 Surplus (Section 13b) ;* 26,965 -- + 136 •jther qapital accounts *♦ j 68,53? + 477 mm 8,338 ...., ............................................................. TOTAL LIABILITIES AND< CAPITAL ACCJUNTs' 33^853,^' -¿4o,<$e +5.012,787 Ratio of total resorvps;to deposit ana F. S, note liabilities;,combined 6if2% - .i% - ik.1% Commitments to make industrial loans 8,.878.. - 2,287 - b,bhO Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F« R* 283 t STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OF APRIL 5, .19UU (In thousands of dollars) 1 S S E I S Total Boston New York Phila* Cleve* Rich.* Atlanta Chica'go* £t*Louis Minnt Kans* Cy* Dallas San Fran» Gold certificates on hand and due from U, S v Treasury*' 19#08U,325 1015,596. 5*755*495 104?,027 14472,403 1020,658 982,956 3,300,620 553*742 362,667 701,234 519,' 2,350,422 Redemption fuixd-F^R«notes 278*068 23; 191 .1^,419 24*080 ,25*017 23,626 19,215 55,054 29*210 8,724 ll*915 9*1 29,213 Other cash 295,535 24,331 85,219 21*C91 22*807 15,907 • 16,944 44*542 12,374 6*266 10,985 10*149 24,920 Total reserves 19,657,928 1062,918 5, 860*133 1094,198 1,520*227 1060,191-1019,115 3*4oo*4i6 595,326 377,657 724,134 539,058 2,404,555 • * Discounts and advances 43,960 5,180 30,775 5,530 550 800 500 — - 125 500 Industrial loans 12,494 1*427 123 5,476 370 216 97 4 260 30 3 4,488 u\ s* Govt» securities Bills 6,716,150 360,807 2,041,527 39l*8i<4 495,829 297,141 229,010 1*257,498 390,639 185,964 242,025 189^863 634,003 Certificates 3*003,040 230,401 638,969 243,780 343*610 200,849 179*476 316,356 139,965 91*362 160*801 146*339 311,132 Notes 1*161*264 89*094 247,087 94,270 132,872 77,667 69*403 122,333 54,125 35,328 62*182 56,590 120,313 Bonds 1*451,467 111*359 308,834 117,829 166,077 97*076 86*747 152,905 67,651 44*i*>7 77,722 70*731 150,379 Total U. S* Govt* securities (incl. guar* sec*) 12,331*921 791*661 3*236,417 847*723 1,138*388 672,733 564*636 1*849,092 652^380 356,811 542*73 0 463,523 1*215,827 Total loans ana securities 12,388,375 798,268 3*267,315 858,729 1,138,758 672,949 565*283 1,849,896 652*880 357*071 542,885 463*526 1*220*815 Dae from foreign banks 136 10 1/ 49 12 12 6 4 17 4 3 4 4 11 F* R* notes of other banks 72*133 1*057 11*799 2*074 3,228 6,482 7,063 8,512 5*310 1,333 4,749 3,099 17,427 Uncollected items 1.642*254 154*195 357,088 94,380 155*368 102*546 93*884 263,750 64*498 31,232 89*242 48*418 187,653 Bank premises - 34*966 1#652 9*062 3,564 4*186 2,915 1*643 2*929 2*054 1,273 2,714 970 2,004 Other assets 57 ¿650 4,oi4 12,869 4*127 7,089 4*273 3*434 6*139 2,530 i,6o4 2*874 2,612 6,085 TOTAL ASSETS 33*853*442 2057,084 2,828*868 1849,362 1690*426 5,531,659 1*322,602 770,173 1366,602 1057,687 3,838,550 l/ After deducting $87,000 participations of other Federal Reserve Banks* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis