H.4.1 Factors Affecting Reserve Balances of Depository Institutions

ïora F, R, 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, May X9I of the Federal Reserve System not earlier* May 18, 1944 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 17 member bank reserve balances increased $257»000,000, additions to member bank reserves arose from increases of $6c9»000,000 in Reserve Bank credit and $2,000,000 in Treasury currency and a decrease of $35,000,000 in Treasury cash, offset in part by a decrease of $21,000,000 in jold stock and 'increases of $121,000,303 in money in circulation, $183,000,000 in Treasury deposits with Federal Reserve Banks and $126,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on May 17 were estimated to be approximately $900,000,000« There was an increase of $559*000,000 in holdings of United States Government securities: bills increased $550,000,000 and certificates $10,000,000* ‘ Changes in member bank reserve balances and related, items during the week and -the year ended May 17, 1944, were as follows} Increase or decrease since May 17, , May 10, May I9, 1944 1944 194,3 (In millions of dollars) U. S. Govt, securities(incl* guar, sec,) 13.808 + 559 +7,770. Loans, discounts, and advances 16U + 17 + 1I4I Other Reserve Bank credit 409 + 9 2 + 3 6 Total Res erire Bank credit 14,382 + 669 +7,948 Gold stock 21,354 21 -1,101 Treasury currency 4,099 + 2 + 4 8 Member bank reserve balances 12,986 + 257 +1,104 Money in circulation 21,846 + 121 +5,051 Treasury cash 2,298 3 5 + 3 4 Treasury deposits with FfR, Banks 397 + 183 . + 18 Nonmcmber deposits and other F,R,accounts 2,308 +126 ' + 688 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT )F CONDITION OF THE FEDERAL RESERVE 3, MS JN MAY 17, 1941+ (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 Minn. Kans.Cy. Dallas San. Fran. Federal Reserve notes 18,212',756 1212,202 4051,422 1221,211 1613,89? 1195,123 1049,319 5409,749 780,189 1+11,552 663 ,598 1+1+7 ,831 2151 ,663 Deposits •* Member bank-reserve acct. 12,986,381 621,439 1+549 ,142 61+4,063 1002,267 518,714 537,785 1985,966 451,1,00 288,612 590,942 532,375 1463,676 U.S .Treasurer-general acct. 396,691 27,0l+2 109,465 21,661; 30,766 23,158 10,31? 1+3,578 16,855 13,337 15,195 17,601 67,215 Foreign 1,579,1+39 107 ,o59 ^615*436 139,473 134,925 60,£1+0 1+8,512 187,985 1+6,996 33,352 1+3,96k 1+3,961+ 118,333 other 575,99.5 2,890 27!;.,557 10,098 7,385 6,236 36,9,28921+ 10,729 9,822 2,651 2,915 36,406 Total deposits - 15,3.36,506 759,230 5346,578 815,298 1175,345 608,798 602,908 2221,511 525,980 345,623 652,J752 596,855 1685,630 Defirrwct availability items 1,530,841 117,14+5 309,584 91,624 154,238 111,153 81,08l 233,980 61,544 28,294' 72,473 52,059 217,556 Oth ¿r liabilities including accrued dividends 9,696 840 3,0?2 628 940 513 693 1,339 293 260 305 303 710 TOT.'J, LIABILITIES 35,089,799 10,6:6 2123,761 2>C94::49,,471137 1915,417 1734,001 5866,579 1368,006 785,729 1394,128 1097,043 4055,359 Capital paid in 157,l6l 57,791 11,346 91,63,30874 6,297 5,582 18,210 4,829 5,422 5,119 4,925 13,176 , Surplus (Section 7) 188,097 70,012 17,859 1136,2,00266 5*236 5,725 26 1+90 6,550 5,669 4,554 4,851 14,159 Surplus (Section 13b) 26,965 7,092 4,421 2,18,0?407 3,290 749 1,429 530 1,000 1,137 1,307 2,129 Other capital accounts 72,976 16,265 4,718 3,88,78465 5,253 4,564 11,279 3,127 3,887 3,692 5,255 4,199 TOTAL LIABILITIES ¿JSD 'CaJtITaL accounts 35,534,998 2119,559 9861,816 2167,607 2986,590 1955,493 1750,621 5923,987 1382,822 191,101 1408,630 1111,364 4089,002 Commitments to make industrial advances 5,646 450 8 1,106 50 1,257 48 — ~ — . — 2,727 F. xft. notes outstanding 18,804,547 1246,757 4213,938 1251,271 1650,951 1225,431 1104,057 3475,979 812,935 417,683 690,481 475,152 2241,612 Collateral for F.R# notes held by F.R •Agents:. Gold certificates 12,1+42,000 7^44,000 2845,000 775,000 1052,000 775.000 740,000 2560,000 325,000 196,000 450,000 231,000 1699,000 Eligible paper 147,272 13,265 83,675 3,617 6,455 30,985 9,000 275 — U♦$.Govt. securities 6,560,625 500,000 1400,000 475,000 600,000 475.000 375,000 950,000 510,625 225,000 250,000 200 ,000 600,000 MATURITY DISTRIBUTION OF LaJCS SECURITIES Within 16 to 31 to 6l to' 91 days to 6 months 1 to 2 2 to 5 Over Total 15 day s 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts. and advances 152,011 122,439 5,730 8,445 15,297 — mm*» u—— Industrial loans 12,039 10,764 19 481 264 124 262 80 45 ——— tu 6* G<pvt* securities (incly guar, sec.) 13,808,496 1,667,689 1,233,361 2,807,435 3,028,380 1,011,1+00 1,915,600 17,800 970,245 1,156,586 l / After doducting $9614.,183,000 participations of other Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

form F. R. 283a 19 19144 Released for publication Friday morning-,' May , ; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE! BANKS COMBINED (In thousands of dollars) Increase or decrease since. May 17, May 10, May 19, L9I4I4 1944 . 1943 ^ S S E T S Gold certificates on hand and due from U. S. Treasury ’ '18,343,625 • - 46,300 -1,391,290 Redemption fund - F. R. notes •340,469 + 21,226 + 295,623 Other cash 267,237 + 2,841 - 97,855 Total reserves 19.451,331 - 22,233 -1,193,522 Discounts and advances 152,011 + 16,287 + 141,928 Industrial loans 12,039 + 570 1,008 U. S. Gbtrt. securities: Bills 8,153.025 +549.521 +5,992,404 Certificates ' 3.042,940 + 10,000 +1,943,740 Notes 1,163,764 ’ — + 206,964 Bonds 1,448,767 mm - 372,300 Total U. S. Govt, securities (incl, guar, sec.) 13,808,496 +559,521 +7,770,308 Total loans and securities 13.972,546 +576,378' +7,911,728 Due from foreign banks 136 1 F. R, notes of other banks 70,554 + 3,706 + 13,465 Uncollected items . .1,940,097 +338.320 + 317,596 Bank premises 34,882 4,034 Other assets 65,452 + 2,606 6,427 TOTAL ASSETS 35.534.998 +898,777 •+7,038,805 " L I A B I L I T I E S Federal Reserve notes 18,212,756 + 85,560 +4,958,014 Deposits: Member bank - ¡reserve account 12,986,381 +256,883 +1,104,348 U. S. Treasurer - general account 396,691 +182,276' + 17,640 Foreign 1.579.439 - 12,407 + 649,844 Other 373.995 +139.669 3,865 Total deposits 15,336,506 +566,421 +1,767,967 Deferred availability items 1,530,841 +245,561 +' 281,677 Other liabilities including accrued dividends 9.696 + 372 . + . 2,762 TOTaL LIABILITES . ■ 35,089,799 • +897,914 +7,010,420 C A P I T.A L A C C O UNT S Capital paid in 157,161 + 49 + 9,790 Surplus (Section 7) 188,097 - - + 27,686 Surplus (Section ljb) 26,965 + 136 Other capital accounts 72,976 + DC - 9.227 . TOTAL LIABILITIES AND CAPITAL ACCOUNTS -35.534.998 +898,777 +7,038,805 Ratio of total reserves to deposit and F. R. note liabilities combined 58. <$ - 1,2% - 19.$ Commitments to make industrial loans 5.646 • • 547 . 7,399 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form Um R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE B>iNKS ON MAY 17, 19^ (In thousands of d,ollars) A S S E T S Total Boston New York Phila. Cleve. Rich. stianta Chicago St#'Louis Kinn, Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U#S.Treasury 18,81+3,625 1075,675 1+,917,656 1075,372 1,540,901 1071,635 1014,6o4 3,426,297 614,327 336,413 742,662 535,295 2,442,733 Redemption fund-F.R.notes 3l|0,l469 26,680 71,071 24,409 30,432 25,350 19,424 48,415 29,000 11,369 n,764 11,251 30,754 Other cash 267,237 20,736 77,553- 21,500 20,005 13,179 17,094 37,524 11,421 6,629 10,823 3,913 21,800 Total reserves 19,U51,331 1123,li+l 5,066,285 1121,201 1-,551,386 1110,664 1051,122 3,512,236 654,743 404,411 765,254 555,459 2,495,342 Discounts and advances 152,011 13,265 83,675 3,617 330 6,455 1,414 1,675 30,935 9,000 275 250 520 Industrial loans 12,039 1,401 120 5,635 365 139 32 4 — 267 29 . 2 3,945 U. S. Govt* securities: Bills 8,153,025 401,308 2,990,296 458,145 547,133 302,324 255,579 1,467,337 347,167 172,402 243,532 210,411 749,741 Certificates 3,042,940 233,009 660,399 247,036 344,903 201,156 173,177 323,501 141,657 92,722 161,713 146,190 311,982 Notes 1,163,76k 09,112 252,757 94,473 131,907 76,933 63,144 123,723 54,176 35,462 61,"47 55,903 119,317 Bonds 1,448,767 110,935 • 314,656 117,615 164,210 95,774 84,333 154,023 67,443 44,147 76,993 69,600 143,538 Total U# S. Govt, securities (incl* guar* sec*) 13,008,496 034,864 4,218,598 917,274 1,183,203 633,187 536,733 2,068,634 610,443 344.733 544,135 1+32 r 109 1,329,573 Total loans 'and securities 13,972,546 849#530 4,302,393 926,526 1,189,453 609,831 583,229 2,070,313 641,428 354,000 544,439 482,361 1,334,043 Due from foreign banks 136 10 1/ 49 12 12 6 4 17 4 3 • - 4 4 11 i\R.notes of other banks 70,551+ .1,398 TS;791 • 2,088' 3,427 3-,271 7,357 • 7,869 5,473 1,776 3,359 • 3/338 13,407 Uncollected items 1,940*097 139,229 457,013 109,497 190,198 119,199 93,293 322,808 76,282 34,340 89,535 66,216 237,482 Bank premises 34,882 1,647 9,042 3,552 4,176 2,908 1,639 2,923 2,050 1,271 2,713 963 1,998 Other assets 65.452 4,6o4 14,243 4,651 7,736 4,614 3,972 7,821 2,837 1,906 3,326 3.023 6,719 TOTnL ASSETS 35,5^4,998 2119,559 9,861,816 2167,607 2,906,390 1935*493 1,750,621 5,923,987 1382,822 797,707 1,1+08,630.1111,364 4,089,002 l / Aft^r deducting.$87,OCO participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis