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, toy 26} of the’Federal Reserve System not earlier May 25, 1944 ;C O N D IT IO N O F TH E F E D E R A L R E SE R V E BA N K S D u r in g t h e w e e k e n d e d M ay ' 2 4 m e m b e r b .a iik r e s e r v e b a la n c e s in c r e a s e d $ 1 4 ,0 0 0 ,0 0 0 . A d d it io n s t o m e m b e r b a n k r e s e r v e s a r o s e fr o m a n in c r e a s e o f $ 11 + 3 ,0 0 0 ,0 0 0 in R e s e r v e B a n k c r e d i t a n d a d e c r e a s e o f $ 8 ,0 0 0 ,0 0 0 i n T r e a s u r y d e p o s it s w it h F e d e r a l R e s e r v e B a n k s , o f f s e t in p a r t b y a d e c r e a s e o f $ 3 0 ,0 0 0 ,0 0 0 in g o ld s t o c k a n d in c r e a s e s o f $ 6 5 ,0 0 0 ,0 0 0 in m o n e y in c i r c u l a t i o n , $ 3 5 ,0 0 0 * 0 0 0 . in T r e a s u r y c a s h a n d $ 7 ,0 0 0 ,0 0 0 in 'n o r u n e m b e r a n d o t h e r F e d e r a l R e s é r v e a c c o u n t s . E x c e s s r e s e r v e s o f m ezn b er b a n k s o n M a y 2 k w e r e e s t im a t e d t o b e a p p r o x i­ m a t e ly $ 3 0 0 ,0 0 0 ,0 0 0 . T h e r e w a s a n in c r e a s e o f $ 1 8 1 ,0 0 0 ,0 0 0 in h o ld in g s o f U n it e d S t a t e s G o v e r n ­ 130 000,000 51 000 000 m e n t s e c u r i t i e s : b i l l s in c r e a s e d $ , a n d c e r t i f i c a t e s $ , , . C h a n g e s in m e m b e r b a n k r e s e r v e b a la n c e s a n d r e l a t e d it e m s d u r in g th e w e e k a n d t h e y e a r e n d e d M a y 2 k , 1 9 4 4 , w e r e a s f o llo w s j I n c r e a s e o r d e c r e a s e s in c e K a y 2 4 , M a y 1 7 , M a y 2 6 , 1944 1944 ¡ 1943 ( I n m i l l i o n s o f d o l l a r s ) U . 8 . G o v t. s e c u r i t i e s ( i n c l . g u a r , s e c .) 13,989 + 181 + 7,808 L o a n s , d is c o u n t s , a n d a d v a n c e s 238 + 74 + 204 297 112 + 19 O th e r R e s e r v e B a n k c r e d i t - T o t a l R e s e r v e B a n k c r e d i t 14,525 ♦ 143 + 8,032 G o ld s t o c k 21,324 - 30 - 1,101 4,100 + 28 T r e a s u r y c u r r e n c y l ♦ 13,000 ♦ 14 + 1,162 M em b er b a n k r e s e r v e b a la n c e s 21,911 + 65 + 5,009 M o n e y i n c i r c u l a t i o n 2,333 + .35 +• 66 T r e a s u r y ? c a s h ‘ ; 339 ; + 44 T r e a s u r y d e p o s it s w it h F .R .B a n k s - G 2,315 + 7 + 678 N o n m e m b e r d e p o s it s a n d o t h e r F .R .a c c o u n t s Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

>c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MY 2h, 19Ul- (In thousands of dollars) __________ T I E S Total Boston New York Phil*. Cleve. ^ich, Atlanta Chicago St.Louis Minn. Kans.Cy» Dallas Sau Fran. Federal Reserve notes- 18,320,187 1215,380 ,4101,011 1227,436 1620,813 1191,910 1048,425 :3427,343 780,952 .412,425 669,993 1i46,28í? ;2177,714 Deposits r 13,000,147 629,460 4371,906 ■ 649,857 1016,742 526,464 538,896 :1964,981 447,753 283,086 586,844 520,452 :1463,706 388,761 20,061 .68,135. 26,500 56,634 19,459 19,136 38,312 25,522 25,642:: 26,453 11,762 51,145 Foreign 1,575,012 106,1171/ 61.9,609 • 133,033 133,532 6o,oi4 48,011 186»045 46,511 33 ,000 43.510 43,510 117,112 Other 384,739 3,139 287,559 . - 5,849 7,436 6,218 4,694 5,661 13,362 9,479 1*520 2,319 37,503 Total deposits 15,348 ¿659 758,777 5347,209 820,239 1214,344 612,155 610,737 ;2194*999 533,148 351,215 658,327 578,043 :1669,466 Deferred availability it 1,272,489 98,564 266,809 74,958 139,122 95,559 78,028 194,603 • 54,839 25,963 62,807 46,040 135,197 Otner liabilities including accrued dividends : 9,698 ’ 872 2,968 660 970 451 385 1,398 324 258 32.1 351 740 TOTAL LIABILITIES 34,951*033.2073,593 9717,997 '2123,293 2975,249 1900,075 1737,575 :5816,843 1369,263 789,861 1391,448 1070,719 :3983,117 Capital paid in 157 »175 •9,888 57,799 - .11,849 16,075 6,296 5,583 18,208 4,829 3,424 5,120 4,927 13,177 Surplus (Section 7) 188,097 13,206 70,pi2 17,859 16,026 5,236 5.725 26,490 6,330 3.669 4,554 4,831 14,159 Surplus (Section 13b) 26,905- ' 2 ,874 7,092 4,421 1,007 3,290 749 1,429 530 1,000 1,137 1,307 2,129 Other capital' accounts 73,830 3,937 16,499 .4,785 8,953 5,308 4,610 11,301 3,183 3,912 3,772 3,287 4,283 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 35,397,100 2103.^98 9869,399 2162,207 3017,310 1920,205 1754,242 i5876,271 1384,135 801,866 1406,031 1085,071 14016,865 \ Commitments to make industrial advances 5*659" I+50 8 1,129 50 1,247 --- --- 48 — 2,727 F. R. notes outstanding 18,943,878 1243,554 4258,273 1258,787 1661,832 1226,076 1115,359 3488,574 .812,667 420^69 -690,129 478,1*46 2281,712 Collateral for F.R^notes held by F.R.Agents: Gold certificates 12,423,000 . 7¿i4,000 2845;ooo-• 733,000 1065,000 775,ooo 750,ooo"256o,ooo 300,000196,000 450,ooo 281.000 1724,000 Eligible paper 219.912 .14,965 1.31,850 ; 6,952 — 5,780 —j- 45,190 14,92070.5' U.S.Govt. securities 6,632,625' 50Q.,QOO 1400,000 ■■■ 525,000 600,000 475,000 375,000 950,000 522,625222550,,000000 210.000 600,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within l6 to 31 to 6l to 91 days to 6 months 1 to 2 2 to 5 Over - Total 15 -days 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 226,561 180„884 5,640 8,540 31,497 » f Industrial loans 11,894 10,652 9 483 262 , 104 260 79 45 U. 3. Govt, securities (incl. guar* sec.) 13,988.669^1648^31 . 1237,4l8 2904,121. 3©?7,518, 1030/700 1925,850 17,800 970,245 1156,586 If After deducting $954,228,000 participations 01 other Fed«eral Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

/orin *V R. 233a Released for publication Friday morning, LIay26,19Ui; not earli-r# ST.iTELIEKT OF CONDITION OF THE TWELVE FWHiaL RESEkVE BANKS CCIiBIHED (In thousands of dollars) Increase or decrease since May 2ki May 17, Kay 26, lQkk 1944 1943 A S S E T S Gold certificates on hand and duo from U* S# Treasury 18,001,125 - 42,500 -1,404,292 Redemption fund - F. R. notes 351,371 + 10,902 + 298,536 Other cash __274,404 + 7,167 - 95*893 Total reserves 19,426,900 - 24,431 - 1.,201,61*9 Liscounts and advances 226,561 + 74,550 + 205,178 Industrial loans 11,994 145 1*157 U.S. Govt, securities: ¿ills 8,282,62+8 +129,623 +5,913,563 Certificates 3,093,490 + 50,550 +1,994,290 Notes 1,163,764 + 21^,hoU Bonds -1,148,767 - 320,231 Total U*S. Govt* securities f in«*» guur. sJcTT) 13,983,669 +130,173 +7*808,086 Total loans and securities 14,227,124 +254,578 +8, Due from, foreign banks 136 F. R* notes of other banks 72,990 + 2,436 Uncollected items 1,569,791 -370,306 Bank premises 34,844 38 Other assets 65,315 :____137 TOTAL ASSETS 35,397,100 -137,398 L I A B I L I T I E S Federal Reserve notes 18,320,137 +107,431 Deposits: Member bank - reserve account 13,000,147 + 13,766 U.S. Treasurer - genjral account 333,761 - 7,930 Foreign 1,575,012 - 4,427 Other 364,739 + io,744 Tot...l deposits 15,343,659 + 12,153 Deferred availability items 1,272,439 -253,352 Oth^r liabilities including accrued dividends 9,693 TOTaL LIABILITIES 34,951,033 - 138,766 G * A P I T ¿1 L ^ C C C U N T S Capital paid in 157,175 + 14 Surplus (Section 7) 133,097 Surplus (Section. 13b) 26,965 OLu.r capital accounts 73,330 + 354 TOTaL LIABILITIES *vND CAPITAL aCC'OUNTS 35,397,100 -137,398 Ratio of total reserves to deposit and F% R. note liabilities combined 57.7/0 . 37° Commitments to make industrial loans 5,659 13 O rH C\i * 1—1 O r-^ - 1 + 17,810 145,921 - 4,033 - 7,276 +6,962,879 +1,9^,219 +1,,161,722 + 43.362 616,196 + 20,806 ♦1..342,536 + 126,233 + 1, 694 +6,93u,732 + 9.795 + 27,686 + 136 - 9.470 +6, 9^$d>7-) 19.1% - 7,226 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

. R. 283b STATEMENT OF CONDITION OF THE FSuERAL RESERVE BANKS ON MAY 2k, 1944 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Li inn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S.Treasury 18,801,125 1065,458 4,895,014 1070,964 1,582,720 1056,497 1011,951 3, 501,661 584,853 399,499 731,841 504,499 2,396,168 Redemption fund-P.R.notes 351,371 26,600 75,807 26,782 30,391 25,156 19,318 48,316 29 , 971 11,361 11,740 11,225 35,704 Other cash 274,404 20,^96 77,058 21,907 19,503 14,716 19,533 38,114 11,935 6,071 12,018 9,273 23,580 Total reserves 19,426,900 1112,754 5,047,879 1119,653 1,632,614 1096,369 1050,802 3,588,091 625,759 416,931 7 55,599 524,997 2,455,452 Discounts and advances 226, 561 14,965 131,850 6,952 2,530 5,780 1,414 675 45,190 14,900 275 2,030 Industrial loans 11,894 1,339 120 5,5H 365 188 32 4 - - 263 27 ------ 3,945 U. 3. Govt, securities: Bills 8,232,648 416,347 3,066,127 465,570 558,441 321,920 266,802 1,397,353 368,529 156,466 258,^2 220,217 786*284 Certificates 3,093,490 236,763 675,212 251,143 349,819 203,917 180,222 329,611 143,963 94,301 164,098 148,091 316,350 Notes 1,163,764 89,070 254,012 94,479 131,602 76,712 67,800 123,998 54,160 35,476 61,732 55,713 119,010 Bonds 1,448,767 110,883 316,219 117,617 163,831 95,498 84,4o4 154,365 67,424 44,164 76,850 69,357 148,155 Total U. S.-Govt, securities (incl. guar, sec.) 13,988,669 853,063 4,311,570 928,809 1,203,693 698,047 599,228 2,005,327 634,076 330 ,407 561,272 493,378 1,369,799 Total loans and securities 14,227,124 869,417 4,443,54o 941,272 1,206,588 704,015 600,724 2,006,006 679,266 345,570 561,574 493,373 1,375,774 Due from foreign banks 136 10 1/ 49 12 12 6 4 17 4 3 4 4 11 F.R.notes of other banks 72,990 1,210 12,747 2,245 3,522 8,279 7,592 7,382 5,368 1,908 4,238 3,441 15,058 Uncollected items 1,569,791 113,805 342,454 90,746 162,874 103,903 89,400 263,839 68,885 34,261 78,618 59,300 161,706 Bank premises 34,844 1,647 9,o42 3,540 4,167 2,901 1,638 2,921 2,050 1,271 2,713 963 1,991 Other assets 65,315 4,655 13,688 4,739 7,533 4,732 4,082 8,015 2,303 1,922 3,285 2,983 6,873 TOTAL ASSETS 35,397.100 2103,4-3 9,$¿9,399 2162,207 3,017,310 1920,205 1754,242 5,876,271 1384,135 801,866 1406,031 1085,071 4,016,865 l/ After deducting $87,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis