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 28; of the Federal Reserve System 944 not earlier. April 27, I IÌ. 'CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 26 member bank reserve balances decreased $167,000,000. Reductions in member bank reserves arose from increases of $62,000,000 in money in circulation, $6,000,000 in Treasury cash, and $169,000,000 in Treasury deposits with Federal .Reserve Banks and $47*000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $40,000,000 in gold stock, offset in part by an increase of $155,000,000 in. Reserve Bank credit. Excess reserves of member banks on April 26 were estimated to be approximately $600,000,000. There was an increase of $264,000,000 in holdings of United States Government securitie»st bills increased $303,000,000 while certificates decreased $39,000,000. Changes in member bank reserve .balances and related items during the week and the yaiar ended April 26, 1944» were as follows: Increase or'decrease since April 26, April I9, April 2*8 1944 I'M ' 1943 (In millions of dollars) U. S, Govt, securities (incl. guar, sec.) 12,998 + 264 + 6,651 Loans, discounts, and advances 101 + 2 + 6 2 Other Reserve Bank credit 3O6 - 110 + Uè Total Reserve Bank credit 13,495 + 155 + 6,830 Gold stock 21,429 - 40 - i,o43' Treasury currency 4,094 + 1 + 85- Member bank reserve balances , 12,537 - 167 + 383 ; i'oney in circulation 21,396 + 62 * 4,803 : Treasury cash 2,327 + 6 + 93 Treasury deposits with F.R.Banks ■373 + 169 70 Nonmember deposits ..and .other F,R,accounts 2,376 + 47 + 6^9 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F» R. 283° STATEMENT OF CONDITION OF" THE FEDERAL RESERVE BANKS ON APRIL 26, 1944 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Clevfe. Rich. Atlanta Chicago St,Louis Minn. Kans.Cy* Dallas San Fran, Federal Reserve notes 17,822,902 1190,548 3976,080 1197,393 1580418 1172,450 1021,980 332+0,722 760409404,039 654,840 431,800 2092,223 Deposits *. Member bSnk-reserve acct.12,536,617 602,66l 4204,648 620,961 981,175 502,263 542,569 1891,001 433,465 272,419 572,018 501,655 1411,784 U.S.Treasurer-general acct. 372,598' 25,136 81,632 26,821 22,232 29,923 23,114 57,929 21,758 20,667 21,577 11,051 50,958 foreign 1,629,104' il l,7711/637,999 145,690 l4o,939 63,343 50,675 196,365 49,091 34,839 45,924 45,924 106,544 °ther 390,296- 3,317 276,234 5,693 8,267 6,866 5,264 5,065 10,992 10453. 5,156 1,899 51*090 Total deposits 14,928,615 742,385 5200,513 799,165 1152,615 602,595 621,622 2150,560 515,506 558,578 644475 560,527 1600,576 Deferred availability items 1406,590 114,058 281,151 78,086 145,881 124,517 85,884 205,707 57,558 25,791 75,555 55*921 160,525 Other liabilities including accrued dividends 9,071 758 2,589 8.50 974 ¿45 587 1,262 529 260 ..291 506 64o TOTAL LIABILITIES 54,166,978 2048,229 9460,515 2075 474 2879,886 1899*607 1729,875 5696,051 1555,602 768 468 1575,159 1048,554 5855*762 Capital paid in 156,905 9,886 57,768 11/344 16,072 6,285 5,571 18,178 4,800 5417■ 5,099 4,859 15,146 Surplus (Section 7) 188,097. 15,206 70,012 17,859 16,026 5,256 5*725 26,490 6,550 5^.669 4,554 4,851 14,159 Surplus (Section 15b) - 26,965. 2,874 7,092 4,421 1,007 5,290 749 1,429 550 1,000 1,157 1,307 2,129 Other capital accounts 70,654 5,754 15,678 4,545 8,627 5,116 4456 10,899 3,018 5,829 5,595 - 5*171 5,948 TOTAL LIABILITIES AND ! lT ' CAPITAL ACCOUNTS 54,609,579 2077,949 9610,865 2114,141 2921,618 1919,554 1746,574 5755,047 1548,280 780,535 1587,544 1062,702 5337,144 Commitments to make industrial advances 8,794 450 8 1,289 50 1,256 48 3,000: . —- 2*69.3 F. R. notes outstanding 18 443,234 1222,620 4121,791 1228,507 1615,658 1204,534 1087 429 5405,070 795,779 412,615 680,245 466,409 2204,577 Collateral for F.R.notes held by F.R.Agents: Gold certificates 13,100,000 744*000 5545*000 " 755,000 1015,000 775,000 720,000 2570,000 500,000 196,000 440,000 291,000 1749*000 Eligible paper 87,110 11,020 46,525 5,015 2,575 — 18,700 5,275 U.S.Govt, securities- 5,604,922 500,000 600,000 475,000 600,000 450,000 575,000 900,000 514,922 225,000 250,000 185,000 500,000 MATURITY DISTRIBUTION OF LOANS’AND SECURITIES Within 16 to 51 to 6l to 9I-days tc1 6 months 1 to 2 2 to 5 Over Total 15 days 50 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 89*385 82,625 440 5*515 2,805 W-. Industrial loans 11,909. 11,056 9 44 276 ik2 ' \ 271 85 ' ‘ " 46 — — — U* S. Govt, securities (incl. guar, sec.) •• 12', 997^38 1594,569 1090,770 2474,596 2540,752 1558,740 1595*600. 17,300 " 970,245 1154,586 l/:After deducting $1,007,161,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F* R, 283a Released for publication Friday morning, April 28, 1914; not earlier'. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousarids of dollars) Increase or decrease since Apr'. .26 Apr. 19 Apr. 28 1914- 1944 1943 ** A S S E T S Gold certificates on hand and due from U. S, Treasury 18,972,925 - 48,895 -1,285,990 Redemption fund - F. R» notes 292,838 + 5,778 + 247,226 Other cash 287,205 + 1,965 - 70*551 Total reserves 19,552,968 - 41,152 -1,109,315 Discounte and advances 89,383 + " 2,189 + 63,1640 Industrial loans 11,909 - 579 886 U. S. Govt, securities Bills 7,1*23,667 +302,890 • +5,100,881 Certificates 2,968,140 - 39,000 +1,971,065 Notes 1,158,764 ; -- + 174,589 Bonds 1,146,767 • — • - - • 595,800 Total U. S, Govtf securities (incl. guar, sec.) 12,997,638 ; +263,890 +6,650 ,.735 Total loans and securities 13,098,930 : +265,5Q0 +6,713489 . Due from foreign banks 136: + 89 F» R, notes of other banks 70,313 - 4,714 + . 10,635 Uncollected items 1,792,054. -215,120 + 227,962 Bank premises 34,928: 43’’ - • 4 ;042 Other assets 60,250 + 1,321 14,940 TOTAL ASSETS. 34,609,579: + 5,762, +5,,823,878 L I A B I L I T I E S Federal Reserve notes 17,822,902 +. 61,296 +4,754/900 Deposits: M6mbBr" bank - reserve account 12,536,.617 -167,714 + . 387,636 U. S. Treasurer - general account 372,^8 +169,056 - 70,092. Foreign 1,629,104 +112,391 + 718,263 Other 390,296 - 65,735 - 108,973 Total deposits 14,928,615 + 47,998- + 926,834- Deferred availability items 1,406,390 -104,664 + 111,880 Other liabilities including accrued dividends 9,071 + 92 + 716 TOTAL LIABILITIES 34,166,978 + 4,722 +5,794,330 C A P I T A L A C C O U N T S Capital paid in 156,905 + 14Ö + 9,891 Surplus (Section 7) 188,097 — + 27,686 Surplus (Section 13b) 26,965 mm mm + 136 Other capital accounts 70,634 + 900 8,165 TOTAL LIABILITIES AND .CAPITAL ACCOUNTS 34,609', 579 + 5,762 +5,823,878 Ratio of total reserves to deposit and F. R, note liabilities combined 59.7% - .37& - 16.6$ Commitments to make industrial loans 8,794 + 84' 4,674 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form JP. R. 283b STATEMENT OF..CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 26, 1jkh (In. thousands of dollars) ‘A S S E T S Total. Bçston New York Phila. Cleve. Rich. Atlanta Chicago St,Louis Minn, Kaiis.Cyv Dallas ! San Fran. Gold certificates on hanc and due from U,S,Treasury 18,972,925 1052,694 5»285»293 1055,081 1,479,118 1027,796 999,876 3,546,178 560,578 338,766 710,364 :490,281 2,426,900 Redemption fund-F.R.notes 292,838 26,943 30,499 24,213 •30,718 25,420 19,925 44,732 29 106 11,096 ill, 841 9,331 29,014 , Other cash 287»fío 5 ’20,802 80,643 22,125 '21,218 16,022 19,068 43,477 11,762 6,430 |H,338 9,563 24,757 Total reserves 19,552,968 1100,439 5,396,435 1101,41$ 1,531,054 1069,238 1038,869 3,634,387 601,446 356,292 ^33,543 509,175 2,480,671 Discounts and- advances 89 »-383 11,020 46,525 5,015 379 2,575 864 ' 4oo' 18,700 3,275 100 530 Industrial loans 11,909 1,412 123 5» 44o 370 2oo 90 : 4 — 243 29 3 3,995 U. S. Govt.. securitiest BUls; 7,423,667 400,373 2,567,310 442,217 563,396 319,933 235,198 1,240,345 339,009 216,215 239*310 200,372 610,989 Certificates ■ 2,968,440 227,521 638,138 240,978 338,062 197,389 175,615 314,145 138,275 90,380 158,354 143,634 305*949 Notes 1,158,764 83,817 249,105 94,070 131,965 77,052 68,555 122,629 53,975 35,281 61,815 56,069 119,431 Bonds 1,446,767 110,892 311,019 117,450 164,763 96,203 85,594 153»107 67,390 .44,050 77,179 70,005 149,115 Total U»-S. Govt, securities j (incl. guar, sec.) 12,997,638-. 827* 603 3,765,572 894;, 715 l;, 198,186 690,5f7 • 564 962 1 830,226 '647,649 3^5,926 536,658 470,080 1,185,484 , • , . t . « 4 » ................. . -, .. « .• _ - « ....................• ............................................ I / * * «4 Total loans and t * securities i 13,098,930 840,035 3,812,220 905,170 1,198,935 693,352 565,916 1,830,630 '666,349 386,169 539,962' 470,183 1,190,009 D F u .R e .n fr o o t m e " s fo o r f e i o g t n h e b r a n ba k n s ks 70,3 1 1 3 3 6 • l; ■ i32 1 7 0 T 1/ l, 9 * 2 4 9 9 2 . ,18 1 0 2. . 3,88 1 3 2. 7,78 . 2 6. 6,905 4 • '7, . 79 1 8 7. ; . , 5,3 - 98 4 . , 1,6 - 46 3 3,644 4 ; 3,205 4 14,61 1 6 1 Uncollec-ted items • 1,,792,054- 130*16? - 367,997- 97,272'• 176,359- 141,847 129,354 270,773.; 70,438 3 , 3,246 104,61$ ' 176,303 193,698 B&.nk pr^inises 34,928 1:, 652 9,062 3,552 4,176 2,908 i»64o 2,924 2,054 i 1,273 2,719 : 970. 1,998 Other assets 60,250 4,317 13,171 4,536 7,219 4,4oi 3,686- 6,518 2,591 * 1,754 3,054 è, 862 6,l4i total ASSETS 34,609,579-2077,949 9*610,863. 2114,1m 2,981,618 1919,5^4 .1746,374.5»753»047' 1348,280 780,383 138?,544 1062,702 3,887,144 l/A fter deducting $87,000 [.participations of other Federal Reserve Banks-» Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis