H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, April 21; of the Federal Reserve System not earlier, April 20, I9kk CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 19 member bank reserve balances increased $100,000,000. Additions to member bank reserves arose from an increase of $22k,000,000 in Reserve Bank credit, and decreases of $70,000,000 in Treasury deposits with Federal Reserve Banks and $6,000,000 in Treasury cash, offset in part by a decrease of $10,000,000 in gold stock and increases of $39,000,000 in money in circulation and $150,000,000 in nonmember deposits and other Federal Reserve .account&. Excess reserves of member banks on April 19 were estimated to be approximately $900,000,000. There was an increase of $86,000,000 in holdings of United States Government securities» b ills increased .$88,000,000; while bonds decreased $2,000,000 and notes $1,000,000. Changes in member bank reserve balances and related items during the week and the year ended April 19, I9kk» were as follows» Increase or decrease since April 19, April 12, April 21, 191+u I9kh 1943 (In millions of dollars) U. S. Govt, securities (inclf guarf sec.)- .12,73k + 86 + 6,k05 Loans, discounts, and advances 99 + 52 ; + 73 Other Reserve Bank credit U96 + 106 + 136 Total Reserve Bank credit 13,350 + 22^ + 6,615 Gold stock 21,1+69 - 10 - 1,013 Treasury currency 14,095 85 Member bank reserve balances 12.70Ü + 100 + 386 Money in circulation 21,55 h- + 59 + k, 83k Treasury cash 2,521 - 6 85 Treasury deposits with F# R. Banks 2 ok - 70 - 267 Konmember deposits’and other FfR*accounts 2,329 + 150 650 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

19 9 Form F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL , I I+I+ (In thousands of dollars) L I.-A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Kinn. Kans.C y. Dallas San Fran, Federal Reserve notes 17,761,606 1187,1*22 3958,781 1193,611* 1570,11*2 1173,633 1019,938 3326,039 760,137 1*02,821+ 651*, 571* 1*31,873 2082,029 Deposits j Member bank-reserve acct* 12,701*', 331 609,582 1*259,097 631*,988 987,872 1*98,782 531,607 1913,1*36 1*35,795 281*,3IO 581,075 513,069 11*51*, 718 u*S.Treasurer-general acct. 203,5u2 21*, 558 32,150 9,575 18,838 13,226 10,1*35 33,580 10,706 12,71*6 11,670 13*051 13,027 Foreign 1,516,713 100,631 1/601*, 15I* 131,961 127,657 57,371* 1*5,899 177,860 1*1*,1*65 31,556 1*1* 596 1*1,596 111,961* Other 1*56,631 3,327 350,014* 8,658 7,961 9,006 3,01*1* 9.130 11,220 10,675 li. Olili 2,1*52 36,1*70 Total deposits 11*, 880, 617 738,098 521*5,1*25 785,182 111+2,328 578,388 590,985 2,131+,006 502^86 339,287 638,385 570,168 1616,179 Deferred availability items 1,511,051* 95,928 299,197 87,179 170,231+ 118,169 96,878 216,078 69,811 30,1*90 90,1<?3 60, Ql* 5 176,832 Other liabilities including * accrued dividends 8,979 9 37- .2,605 550 933 302 625 1,228 292 230 282 270 675 TOTAL LIABILITIES 311,162,256 2022,Ü35 9506,008 2066,525 2883,637 1870,1*92 I708,li26 5677,9511332,1*26 772,831 1383,1*01* 1062,356 3875,765 Capital paid in •' 156,765 9.880 57,752 11,81*3 15,963 6,281* 5,570 18,176 it, 800 3,1*17 5,099 It, 839 13,11*2 Surplus (Section 7) 188,097 13,206 70,012 17,859 16,026 5,236 5,725. 26,1*90 6,330 3,669 l*,55l* ¿*,831 11*, 159 Surplus (Section 13b) 26,965 2,871* 7,092 1*,1*21 1,007 3,290 71*9 1,1*29 530 1,000 1,137 1,307 2,129 Other capital accounts 69,731* 3,611* 15,1*91 1*,1*79 8,538 5,068 ¿*,1*22 10,81*7 2,981* 3,799 3,521* 3,135 3,833 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 31*, 603,817 2052,009 9656,355 2105,127 2925,171 1890,370 172I*,892 573I*,893131*7,070 781*,716 1397,718 1076,1*68 3909,028 Commitments to make industrial • advances 8,710 1*50 8 1,231* 50 1,221 — 1*8 — 3,000 — 2,699 PJk. notes outstanding 18,360,806 1213,023 1*107,137 1223,511* 1611,120 12oli,l67 1068,920 3397,6ti6 791,161 1*09,879 676,780 1*61,21+9 2196,210 Collateral for F.R. notes held by F.R.Agents: Gold certificates 13,038,000 71+1*, 00 y 3520,000 750,000 1013,000 775,000 710,000 ,2550,000 300, 000 221,000 1*1*0,000 291,000 172li,000 Eligible paper 85,1*00 11,965 56,370 1,81+0 1,000 13,000 — 1,225 — U.S.Govt, securities 5, 51*6,022 500,000 600,000 1*75,000 600,000 1+50,000 375,000 870,000 551,022 200,000 250,000 175,000 500,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES i thin 16 to 31 to 6l to 9I days-to ' 6 faonths Ì to V 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months to L year years years 5 years Discounts and advances 87,191* 81,791* 880 1,665 2,855 » . — — Industrial loans 12,1+88 11,586 1* 1*1 3Q5 11*7 275 81* 1*6 — U. S* Govt, securities fincl. guar, sec.) 12,733,71*8 1,537,612 i,;002,li06 2,l+li0,2l|6 2,li32,813 1,573,1*1*0 l,6ol+,6oo 17,800 970,2li5 1,151*, 586 l / After deducting 1912,250,000 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,,. April .21, 1944; not earlier. STATEMENT OF CONDITION OF THE. TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of .(iollars) Increase or decrease since ‘Ap*. 19 Apr, 12- Apr» 21 1944 : 1944 i 1943 A S S E T S Gold certificates on hand and due from U* S# Treasury I9,02i,820 + 9.345 -l ,253,095 Redemption fund - F. R, notfes : 28? ,060 787 + 245,977 Other/cash 2.85,21+0 > -2*069 - 68,263 Total reserves 19,594,120 •+ ' 6,1+89 -1,075,331 Discounts and advances 37,19k + 31,830 76,061 Industrial loans 13,1+88 + 354; • 2,102 U. S. Govt, securities Bills ;7-,l2Q,777 + 88 ,i+95j; +4,815,980 Certificates ; 3 »007 M o — +2,010,065 Notes , 1*158*761+ - • 1,000; 174,589 Bonds ^ : 1,1+1+6,767 - .2,p00| - 595,800 -------p.™-,,. ’ Total U. S* Govt, securities (incl. guar* sec.) 12,733,748 + 85»495; +6,1+04,834 Total loans and securities 12,833.430 +117,679! +6,478,793 ... . i . Due from foreign banks . 136 + . 89 F. 'R. notes of other banks 75^057 + 4,325'- 20,874 Uncollected items 2,007,174 +178,957, + 346,930 Bank premises 34,971 +. 5 - 4,020 Other assets 58,929 + 498 - 15.362 TOTAL ASSETS 3i+,603.,8l7 +307,953 +5,751,923 L I A B I L I T I E S , Federal Reserve notes 17,761,606 + 54,289 +4,791,700 Deposits: Member bank - reserve account 12,704,331 +100,395 + 386,175 U, S* Treasurer-general,account ' 203i542’ -• 70,193 - 267,-946 Foreign 1,516,713 - + 65,853 ••+ 6o4,848 Other 456,031 + 33,813 ■ 4,458 Total deposits 14,380,617 +179,868; + 718,619 Deferred availability items ' 1,511 ¿05I+ + ’72,768 • 211,011 Other liabilities including accrued dividends 8i979 + 1+76 + 1,660 TOTAL LIABILITIES 34,162^256; +307M 1 ^5,722,990 C A P I T A L A C C OUNT S Capital paid in 156,:765 ♦ 38 + 9,770 Surplus (Section 7) 188 ,p97- +• 27,686 Surplus (Section 13^) 26,965. 136 Other capital accounts i 69,734 + 514 - 8,659 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 314,603,817 +307,953 +5,751,923 Ratio of total reservesto deposit 60.0# - . 'k% • 16.2# and Ff R* note liabilities combined Commitments to make industrial loans 8,710 - 9 - 2,950 4 4 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

283 Form F. R. b STATEMENT OF CONDITION .Of. THE FEDERAL RESEtWE BANKS ON APRIL 19, 1944 (ln thousands of dollars) A S S E T S Total Boston New■York Phila* Cleye. Rich. Atlanta jChicagç St. Louis Minn. Kans. Cy. Dallas San. Fran, Gold certificates on hand and aue from U.S«/Treasury 19,021,820 '996,878 5420,337 1063,248 1443,641:1019,574 995*044 3590,425 548,203 346,857 710,662 504488 2,382,463 Redemption fund-F.R.notes 287,060 24,017 30 ,808 24,325 3o;8o7: 24,143 19,007 •44,832 29,134 9,705 11,861 9,351 29 ,070 Other cash 285,240 18,752 8?,118 22,088 22,059 . 15,022 17,646 43,521 12,524 .6,225 11,508 9*588 24,189 Total reserves 19,594,120 1039,647 5,533,263' 1109,661 1496,507 1058,739 1,031,697 3678,778 589,861 362,787 734,031 523 427 2,435,722 Discounts and advances 87,194 11,965 56,370 i,84o 1,000 864 400 13,000 1,225 ---- 530 Industrial loans 12,488 1421 123 5,499 370 200 90 4 — 274 29 3 4475 U*S# Govt*. securities: Bills 7,120,777 406,805 2,357,939 412,667 563,298 306,257 228,312 1152434 390,759 206,303 242,382 195,487 658,134 Certificates 3,007,140 230,529 646,038 244 M 3 342,617 200,069 178,056 318,164 140,098 91,565 160476 145,598 310,087 Notes 1,158,764 88,823 248,919 94,070 132,011 77,084 68,606 122,588 53,977 35,278 61,833 56,098 119477 Bonds 1,146,767 110,899 310,786 117450 164,822 96,243 85,657 153,056 67,393 44,047 77,201 70,041 149,172 Total U.S. Govt, securities (incl. guar, sec.) 12,733,748 837,056 3,563,682 868,330 1,202,748 679,653 560,631 1746,242 652,227 377,193; 541,892 467*224 1,236,870 Total loans and - : • securities 12,833,430 850442 3,620,175 875,669 1*203,118 680,853 561,585 1746,646 665,227 377,467 543,146 467,227 1,241,875 Due from foreign banks 136 10 II 49 12 12 ’ 6 ' 4 17 4 3 4 4 11 F.R.notes of other banks 75,057 1,693 13,640 2,361 4,120 6,955 7,561 8,358 4,423 2,097 4,367 3,671 15,811 Uncollected items 2,007,174 154,347 467,166 109,642 210 ,097 136,533 118,807 291,767 .82,965 39,380 110,470 78,456 207,544 Bank premises 34,971 1,652 9,062 3,564 4,186 2,915 1,643 2,929 2,054 1,273 2,719 970 2,004 Gthor assets 58,929- 4,218 13,000 4,218 7,131 4,369 3,595 6,398 2,536 1,709 2,981 2,713 • 6,061 TOTAL ASSETS 34,603,817.2052,009 9;656,355 2105,127 2,925,171 1890,370 1,724,892 5734,893 1347,070 784,716 1397,718 1076468 3,909,028 ; — After deducting $87*000participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis