H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FOrm F. R. 283 STATEMENT FOR TrJE PRESS Released for publication Board of Governors Friday morning, April llj.; of the Federal Reserve System not earlier. April 13,1944 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 12 member bank reserve balances increased $327j000,000. Additions to member bank reserves arose from an increase of $340,000,000 in Reserve Bank credit and decreases of $152,000,000 in Treasury deposits with Federal Reserve Banks and $20,000,000 in Treasury cash, offset in part by a decrease of $61,000,000' in gold stock and 'increases of $104,000,000 in money in circulation and $22,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on Apr'l 12 were estimated to be approximately $1,000,000,000, There was an increase of $316,000,000 in holdings of United States Govern­ ment securities; bills increased $316,000,000 and certificates $5,000,0^0; while notes decreased $2,000,000 and bonds ¡^3»000,000. Changes in member bank 'reservfe balances and "related items during the week and thej year ended April 12, 1944, were as follows: Increase or decrease since April 12, April- 5» April 14, , I9hh ■ I9hh - 19U3 (In millions of dollars) U. S. Govt, securities (incl. guar, sec,1) 12,648 + 316 + 5,943 Loans, discounts, and advances 67 + 11 + 41 Other Reserve Bank credit 390 + 13 + 17 Total Reserve Bank credit 13,106 + 340 6,002 Gold stock 21,479 - 61 - 1,022 Treasury currency 4,093 -- + 91 Member bank reserve balances 12,604 ♦ 327 540 Money in circulatio-jn 21,295 * 104 +*4,871 Treasury cash 2,327 - 20 + 92 Treasury deposits with J?\ R. Banks 274 - 152 + 146 Nonmember deposits a.nd other F.R,accounts 2,179 + 22 + 503 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. K. 283c STÀTEKBNT OF CONDITION OF THE FEDERAL RESERVE BANKS Oil APRIL 12, I9Ì4.Ì4. (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phi la * Cleve. •- Rich. Atlanta Chicago St.Louis Kinn. Kans.Cy. Dallas San Fran. Federal jfceserve notes 17,707,317-1179,273 3938,668 1190,429 1566,313 1174,891 1022,375 3309,326 758,399 4oi>787 ¿54,154 433,140 2078,062 Deposit's]: 0 kember bank-reserve acct* 12,603>936- 604,939 4202,018 616,086 958,742 520,819 552,201 1891,997 437,324 285,938 577,246 531,064 1425,562 U.S.Treasurer-general acct.273,735 -6,862 ■ Q6,7É9 18,449 28,825 7,390 7,251 31,510 13,205 17,464 13,316 11,694 20,100 Foreign 1,450,860- 96,655 1/576027 126,475 122,350 54,989 43,991 170,466 42,616 30,244 39,867 39.367 107,313 Other 372,219 ■2,810 278,271 8,520 5,538 6,717 3,188 3,377 10,402 10,694 3,268 2,233 36,650 Total deposits 14,700*749 711,266 5153,085 769,530 1115,455 589,915 606,631 2098,250 503 , 547 344>340 634;i97‘ 584,908 1589,625 Deferred availability items]^38#286 109*579 297,604 101,545 147,669 104,789 79,750 219,391 •'-63,671 31,228 75,840 52,5^9 154,651 Other liabilities including accrued dividends 8,503 785 . 2,465 650 937 415 321 1,093 333 237 269 251 747 TOTAL LIABILITIES 33,854,855 2000,903 9391,822 2o62,i54 2330,374 1870,010 1709,077 5628,060 1326,45c 777,592 1364,460'-1070,868 3323,085 Capital paid in 156,727 9,-879 '57,747 11,843 15,963 6,278 5,567 18,174 4,798 3,417 5,098-. ' 4,827 13,136 Surplus (Section 7) 188,097 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 (Seption 13t>) 26,965 2,874 7,092 4,421 1,007 3,290 749 1,429 530 1,000 1,137 . *> 1,307 2,129 Ocher capital accounts 69,220 3,576 15,317 4,420 8,456 5,020 4,386 10,883 2,975 3,776 3,576 3,101 3,734 TOTAL LIABILITIES AND CAPHikL ACCOUNTS 34,295,864 2030,438 9541,990 2100,697 2371,826 1889,834 1725,504 5635,036 1341,083 789,454 1378,825 1084,934 3856,243 Commitments to make industrial advances 9 ,1 » 450 8 1,779 52 1,181 -- -- — — — — 3,000 2,689 F.R. notes outstanding 18,297,081 1203,132 4095,294 1219,872 1605,035 1204,448 1065,448 3383,569 791,165 410,134 675,214 458,263 2185,507 0 Collateral for F*R.note held by F.R.Agents: Gold certificates 12,980,000. 744,o;-o 3495,000 745,ooo 1010,000 775,000 710,000 2530,1)00 290,000 236*oòo 43o-;oOo .291,000 1724,000 Eligible paper 53,135 6,155 39,6oo 7,155 — — —* — 225 * —— —— U.S#Govt. securities 5,516,148 • 500,000 600,000 475,ooo 600,000 450,000 375,000 870,000 546,148 175,000 250,000 175,000 500,000 MATURITY DISTRIBUTION OF LOANS► AIÏD SECURITIES ftithin 16 to 31 to 61 to 9I: days to ‘ 6 months -1 -tO. 2; 2 to Over Total 15 days 30 days 60 days 90 days 6: monthç tc 1 year years 5 years 5 years Discounts and advance's 55,364 - 39,594 :LI,300 1,015 3,455 — — — — Industrial loans 12,134 10,754 506 50 294 1 HO 290 84 U6 —- U. S* Govt, securities finely guar* sec.) 12,048,253 1,481,575 1,212,531 2,190,406 2,444,770 L,568,740 1, 604,600 17,800 573,245 1,154,58b l / After deducting $874,325j,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 mornirtg/iAprisL ¡¡.4, 1944: not earlier, STATEMENT OF CONDIjTION' OF THE TWELVE FEDERAL RESEM: BANKS COMBINED (In thousands >qf ¡dollars) Increase or decrease since Apr-. 12 Apr. -5 Apr. ll|. 1941+: 1944 1943 A S S E’T'S Gold certificates on hand and due from U. S. Treasury 19,012,475 - 71,850 -*„281,942 Redemption fund -*F« Ay notes - • > 28?, 847 >+ 9,779 - "+! 245,602 Other cash 287,3^9 r -8,226 -j■- 71,957 Total reserves 19,587,631 - 70,297 -jL ,108 ,297 Discounts and advances » 55,364 + 11,404 , +1 43 »426 Industrial loans 12,134 - i 36O 1,637 U. S* Govt, securities ; Bills 7,032,2^2 +316,132 +4,369,521 Certificates 3,007,440 + 4 >4oo +2,010,065 Notes 1,159,764 - 1,500 .+; 175,-589 Bonds • 1,448-, 767 , -- 2,700 .611,600 Total U# St Govt« securities (inel. guar, sec,) 12,648^253 •+316,332 +$,943,575 Total loans and securities 12,715,, 751 +327,376 . . +5,985,364 Due from foreign banks 5 1^6 — + ', 89 F. R. n^tes of other banks 70,732 - 1,401 + ! 17,006 Uncollected items 1,828,217 +185,963 -■ 69,719 Bank promises t ! 34,966 -• . 4,035 Other assets 58-, 431 . •+ 781 ■ .*21,529 TOTAL ASSET’S 34,295,864 +442,422 +4,798,879 L I A B I L I 3 IE'S i i Federal reserve notes 17,707,317 + 71,587 +4,801,823 Deposits: Member bank - reserve account ■12,603,936 +327,121 -i 539,744 U,S#Treasurer-general account i 273-,735 -152,595 •+ 1-45,695 Foreign l,450,86p + 18,333 +' 535,608 Other 372,21/3 + 3,617 . .88,656 Total deposit^ 114,700,749 +196,476 + ; .52,903 Deferred availability items ^1,438^286 +173,122 ;86,34o Other liabilities including ? ; ' ; accrued dividends 8,503 + i ' 836 + CO i>- TJTclL LIABILITIES 3^,854,855 +44i ,672 +4,769,222 C A P T I H A C C O UNT S Capital paid in ! ! 156,727 + 82 +! 9.#3 00 Surplus (Section 7) ; 188,097 + ■’ 27,686 Surplus (Soction l’3b’) ! 2 6‘,965 ■+ ‘ 136 Jthor capital’ accounts 69*229 + '668 - ’ 7,965 T )T**L LIABILITIES AND CAPITAL ACCOUNTS 341,295,864 +442,422 +4,793,879 Ratio of total ros.erve„s ‘tp doposit i . . , and F, R, note liabilities combined 60 t .8% - 14.7# Commitments to make industrial loans 9,15? + 2dl 3,167 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

283 Form F. R. b STAÎEMENT OF CONDITION-.OF THE FEDERAL RESERVE BANKS ON APRIL 12, 1914 (In thousands of dollars) A S S E T S Total Boston New York Philti. . Cleve* Rich. i.tlanta Chicago St. Louis Minn. Kans.Cy* Dallas San Fran. Gold certificates on hand and due .from U.S. Treasury 19,012,1+75 990,260 5,332,731 1056,512 l4l8,108 1020,015 1002,503 3,660,902 573,243 359,207 705,228 536,868 2,356,898 Redemption fund-FJ3.notes 287,81+7 24,088 31,067 21+435 -30,890 24,786 19,096 44,948 29,163 8,964 11,885 9,376 29,149 Other cash 287,309 20,367 81,952 21,974 20,61+6 15,681+ 17,745 44,159 12,231 6,160 11,140 9,651 25,600 Total reserves 19,587,631 1034,715 5,145,750 1102,921 1,1+69,614 1060 485 1039,344 3,750,009 614,637 374,331 728,253 555,895 2,4n,647 Discounts and advances 55,364 6,155 39r6oo 7,155 300 814 600 225 515 Industrial loans 12,134 1422 123 5,147 370 200 94 4 ----------- 253 30. 3 4,488 U* S* Govt, securities: ■ ■ . Bills 7,032,282 1+00 ,286 2 425,079- 1+12,161 559,220 316,330 233,3871.,033,740 379,912 198,243 238,521 185,388 650,015 Certificates 3,007 M o .230,593 614,167 214,114 343,072 200,393 178,571 317,755 140,121 91,542 160,648. 145,887 310,547 Notes 1,159,761+ 88,921+ 21+8,1+10 94,150 132,301 77,279 68,863 122,535' 54,033 .35,301 61,952 • 56,260 H9,756 Bonas 1^1+8,767 111,083 310,311. 117»611 '.165,270 • 96,536 86,023 153.069 67498 44,098 77,390 70,280 149,598 Total U. S. Govt- securities - - • - (incl* guar, sec.) 12,61+8,253 830,866'3,627,967 868*066 1,199,863 690,538 566,814 1,627,099 • 641,564 369,184 538,511 457,815 1,229,916 Total loans and securities 12,715,751 838463' 3,667,690 880,368 1,200,533 690,738 567,752 1,627,703 64,1,564'; 369,437 538:,766 457,818 1,234,919 Due from foreign banks 136 • • -10 1/49 12 12 . 6 4 17 4: 3 4 4 11 F.R.notes of other banks 70,732 1,115 12,358 242I+ 3,203 6,817 5,847 9,333 5,191 1,671 4,273 3,283 15,217 Uncolle.cted items 1,828,217 150,128 393,875 107,203 187,319 124,1+90 107 417 288,809 75,114 41,103 101,867 64,392 186470 Bank premises 34,966 1,652 9,062 3,561+ i+,186 2-,915 1,643 2,929 2,054 1,273 2,714 970 2,004 Other assets 58431 4,355 13,206 4,205 6,929 4,383 3497- 6,236 2,489 1,636 2,948 2,572 5,975 TOTAL ASSETS 34,295,864 2030,1+38 9,541,990 2100,697 2,871,826 18Q9,831+. 1725,504-5,685',036 1,341,083 ;78'9454 1378,825 1084,934 3,856,21+3 l / After deducting $87,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis