H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Focm F. I. 283 STATEMENT FOl THE PRESS Released for publication Board of Governors Friday morning, June 2; of the Federal Reserve System not earlier June 1, 1 SE­ COND IT I ON OF THE FEDERAL RESERVE BivNKS During the week ended May 31, member bank reserve balances increased $46,000,000. Additions to member bank reserves ar^se from an increase of $231+>000,000 in Reserve Bank credit and decreases of $82,000,000 in Treasury deposits with Federal Reserve Banks and 014,000,000 in nonmember deposits and other Federal Reserve accounts, iffset in part by a decrease of $60,000,000 in gold stock and increases of 8201,000,000 in money in circulation and $25,000,000 in Treasury cash. Excess reserves of member banks on May 31 were estimated to be approximately $700,000,000, There was an incroaso of $262,000,000 in holdings of United States Government securities-; bills increased $183,000,000; certificates $54,000,000 and notos $25,000,000, Changes in member bank reserve balances and related items during the weak and the year tnded May 31, 1944, were as follows: Increase or decrease since May 31, May 24, June 2, 1944 191j4 19U3 (In millions of dollars) U« S. Govt, securities(incl. guar, see,) 14,251 + 262 +6,034 Loans, discounts, and advances 248 + 10 + 214 Other iteserve Bank credit 260 - 37 - 24 Total Reserve Bank credit 14,759 + 234 +8,224 Gola stock 21,264 - • 6o -1,163 Treasury currency 4,101 + 1 + 26 Member bank reserve balances 13.046 + 46 + 989 Money in circulation 22,112 + 201 ,916 Treasury cash 2,358 + 25 + 86 Treasury deposits with F*R*Banks 307 - 02 + 301 Nonmember deposits and ocher FtR.&ccounts 2,301 - 14 794 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BiJfKS OR. MaY 31, 19kh 283 Form R* c (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^. Dallas San Fran« Federal Reserve notes 18,531,796 1224,372 4162,943 1239,157 1633,463 1207,160 1073,333 3437,055 793,561 415,175 .682,356 460,829 2201,387 Deposits: Member bank-reserve acct*13,045,575 638,016 4385,508 655,490 1020,625 535,769 556,433 2002,299 400,556 290,900 568,647 511,444 1479,855 U.S.Treasurer-general acct. 307,484 15,21-4 104,902 12,479 30,667 8,931 10,506 23,057 24,006 15,536 17',459 17,575 29,270 Foreign 1,553,503 107 -,3181/ 598,628 137,753 155,261 59,892 47,914 165,606 46,417 52,941 43,422 45,422 116,374 other 392,739 3,805 299,461. 7,129 6,913 6,437 4,150 6,4?l 11,025 5,322 1 ,43^ 2,444 57,614 Total deposits 15,299,306 764,361 5388,502 812,351 1191,369 611,079 593,353 2217,493 4ji,oö4 545 ,249 650,962 574,685 1663,593 Deferred availability itemsi ,253,884 91,145 214,373 72,674 139,012 107,998 70,4o3 201,203 51,695 26,767 63,139 52,139 158,271 Other'liabilities including accrued dividends 10,l4o 924 2,952 1,204 945 350 550 1,444 555 251 54 9 283 755 TJIAL LIABILITIES 35,095,126 2030,822 9768,775 2125,836 2965,289 1926,587 1745,454 5057,200 1527,395 785,442 l4oi,8o6 1037 ,986 4024,506 Capital paid in 157,271 9,337 ' 57,8oc 11,865 16,074 6,293 5,592 10,215 4,630 5,424 5,121 4,928 15,259 Surplus (S-ction 7) 163,097 13,206 70,012 17,659 16,026 5,236 5,725 26,490 6,550 5,669 4,554 4,831 14,159 Sflrplus (Section 13d) 26,.965 2,874 7,092 4,421 1,007 3,290 749 1,429 550 1 ,000 1,157 1,307 2.129 Other capital accounts 75,007 4,080 16,794 ■ 4,876 9,064 5,334 4,635 11,501 3,265 5,946 5,845 3,546 4,525 TOTiJj LIABILITIES AHD C.vfliAL ¿lC COUNTS 35,542,466 2110,869 9920,473 2164,907 3007,460 1946,745 1760,135 5914,855 15*+^ 1-3 797,461 1416,461 1102,598 4058,556 Commitments to make industrial advances 3,956 450 6 1,212 50 l,26l --- 48 ---- ---- 927 F. ft. notes outstanding 19,079,808 1250,155 4302,155 1265,614 1678,080 1252,400 1119,617 3511,054 825,256 421,920 701,485 •402,039 2289,781 Collateral for F.R.notes held by F.R.agents: Gold certificates 12,490,000 744,000 2870,000 740,000 1080,000 775,000 735,000 2560,000 525,000 196,000 46o,000 281,000 1724,000 Eligible paper 227,492 15,450 98,080 5,907 — 10,48o — 61,200 15,500 475 ---- ---- U.S.Govt, securities 6,620,482 500,000 1400,000 525,000 600,000 475,000 400,000 1000,000 455,402 225,000 250,000 210,000 600,000 MATURITY DISTRIBUTION OF L0,'J--TS .JÏD SECURITIES Within 16 to 31 to 6l to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 50 days 60 dp.ys 90 days 6- months to 1 year years years 5 years Discounts and advances 256,627 181,200 10,340 8,115 36,972 Industrial loans 11,791 10,996 17 30 27I 93 259 80 45 U. S. Govt, securities (incl* guar, see.) 14 , 250,689 1,540,733 1,294,375 2 , 866,481 3 , 368,919 1 , 060,700 1 , 974,850 17,800 970,245 1 , 1 . 56,586 952 1/A fter deducting $ ,28^000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

form F. It. 28Ja 944 Released-for publication Friday mornings June 2, I II ; not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since May 31» i.ia.y 24» June 2, I9bk 19UU; I9k3 A S SETS Gold certificates- on hand.and due from U. S. Treasury 18,741,125 - -6o, 000 -1,471,692 Redemption fund - F, R. notes 355,674 + U,303 + 304,118 Other cash 265,076 - 9,328 - 78,012 Total reserves 19,361,875 - 65,025 -1,245,586 Discounts and advances 236,627 • +• 10,066 + 215,449 Industrial loans .'11,791 103 1,208 U.S. Govt, securities: Bills 8,465,668 +183,020 +6,025,733 Certificates ■ 3,147,1490 + 54,000 +2,048,290 Notes 1,183,764 + 25,000 + 248,564 Bonds 1,448,767 — - 288,481 - Total U. S. Govt, securities (incl'. guar, sec,) 14,250,689 +262,020 +8,0314,106 Total loans and securities 14,499,107 +271,983 • +8,248,3147 Due from foreign banks 136 1 F. R. notes of other banks 64*1*16 - 8.57U + lit, 389 Uncollected items 1,513,898 - 55,893 - 21,791 Bank premises 3U,801 43 14,027 Other assets 68,233 + 2,918 ¿4,5714 TOTAL ASSETS 35,5^2>466 +145,366 +6,986,757 L I A B I L I T I E S Federal Reserve notes 18,531,796 +211,609 +14,908,963 Deposits: Member bank - reserve account 13,045,575 + 45,1428 + 939,050 U.S. Treasurer - general account 307,14-84 - 81,277 + 301,364 Foreign * 1,553.508 - 21,504 + 585,926 Other • 392,739 + 8,000 + 168,310 Total deposits- 15,299,306 - 1;9,353 +2,044,650 Deferred availability items 1,253,884 - 18,605 + 1,965 Other liabilities including accrued dividends 10,140 . + 442 + 2,964 TOTAL LIABILITIES 35,095,126 +144,093 +6,958,5142 C A P I T A L A C C O U N T S Capital paid in 157,271 + 96 + 9*895 Surplus (Section 7) 188,097- — + 27,686 Surplus (Section 13b) 26,965 — + 136 Other capital accounts 75,007 + .1,177 9,502 TOTAL LIABILITIES AND _CAPITAL ACCOUNTS '35,5^2,466 +145,366 +6,986,757 Ratio of total reserves to deposit and F. R. note liabilities combined 57.295 - - 19.5^ Commitments to make industrial loans 3,956 - :1,703 8,920 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b STATEMENT of condition OF THE FEDERAL RESERVE BaNKS on MAY 31, 19141 (In thousands of dollars) A S S E T S Total Boston New York Phila. r Cleve» Rich. Atlanta Chicago St.Louis Minn. Kans.Cyi P P QC San Fran. Gold certificates on hand and due from U.S.Treasury 18,741,125 1040,358 4,878,002 1050,789 1,553,776 1057,059 1001,993 3,502,511 612,173 592,504 722,866 495»880 2,455,254 Redemption fund-F.R.notes 555,674 26,518 75,559 26,654 50,294 26,597 21,211 50,214 28,956 11,551 11,717 11,199 35:644 Other cash 265,076 16,6?6 73,59^ 20,168 21,745 13,520 17,554 56,575 12,375 7,246 10,362 8,727 21,356 Total reserves 19,561,875 1083,552 5,051,955 1097,611 1,605,815 1096,776 io4o,558 5,589,098 655,934 411,101 745,445 515.806 2,490,214 Discounts and advances 256,627 15,1450 98,680 5,907 2,650 10,430 1,755 2,250 81,200 15,500 475 ------ 2,500 Industrial loans H,79l 1,589 120 5,599 365 188 82 4 — 272 27 ------ 5.945 U. 8. Govt, securities: Bills 8,465,668 1461,758 5,168,958 484,750 571,244 351,941 288,185 1,444,771 265,907 160,128 276,090 248,111 765,885 Certificates 5, 147,490 240,790 690,092 255,550 555,171 206,951 182,520 356,045 146,458 95,982 166,676 150,198 521,117 Notes 1,188,764 90,944 260,657 96,510 154,145 73,155 63,936 126,917 55,509 56,251 62,952 56,727 121,281 Bonds 1,448,767 110,855 517,642 117,618 165,485 95,249 . 84,014 154,676 67., 405 44,iso 76,721 09,154 147.808 Total U. S. Govt, securities (incl. guar, sec.) 14,250,689 904,507 ¿+,457,300 954Ì588 1,224,045 712,276 623,655 2,062,409 555,059 556,541 '582,439 524,170 1,556,091 Total loans and securities 14,499,107 921,146 4,556,109 965,694 1,227,040 722,944 625,492 2,064,663 614,259 552,115 582,941 524,170 1,562,556 Due from foreign banks 156 10 1/49 12 12. 6 4 . 17 4 5 4 4 11 F.R.notes of- other banks 64,416 1,278 10,067 2,64o 5,535 6,568 5,912 7,169 4,772 1,580 ■5,752 2,505 15,008 Uncollocted items ■ 1,513,998 98,575 519,761 89,891 158,817 112,771 82,297 242,676 64,299 29,603 78,150 55,907 131,351 Bank premises 54,801 1,642 9,022 5,54o 4,167 2,901 1,636 2,919 2,o47 1,268 2,715 955 1,991 Other assets 68,233 4,886 15,550 5,519 8,224 4,779 4,236 8,291 2,965 2,013 5,476 5.051 7,245 tgt^l assets 35,542,466 2iio,809 9,920,473 2164,907 3,007,460 1946,745 1760,135 5.914.833 1542,343 797,431 I4i6,46i 1102,39s 4,058,356 l/ After deducting $37,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis