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, June 9* 192+2+ of-the Federal Reserve System riot earlier. June 8, 192+2+ CONDITION OF THE FEDERAL RESERVE BANKS During'the weekT ended June 7 member bank*reserve Balances increased $312,000,000. Additions to member bank reserves arose from an increase of $2+2i+,000,000 in Reserve Bank credit and decreases of $¿+5*000,000 in Treasury deposits with Federal Reserve Banks, $28,000,000 in Treasury cash, and $10^000,000 in nonmemfcer deposits and other- Federal Reserve accounts, offset in part by a decrease of $52,000,000 in gold stock and an increase of $li+3,000,000 in money in circulation. Excess reserves of member banks on June 7 were estimated to be approximately $800,000,000, There was an increase of $.359*000,000 in holdings of United States Government securities} bills increased $266,000,000 and certificates $93*000,000. Changes in member bank reserve balances and related items during the week and the jear ended June 7» 19-W4-» were as follows: Increase or decrease since June 7 May 31* June 9* 192+2+ 192+2; 192+3 (in millions of dollars) U. S. Govt, securities (incl, guar, sec.) l2+,609 + 353 7,973 Loans, discounts, and advances 251 + 3 + •225 Other Roservb Bank credit 323 + 63 • 13 Total Reserve Bank credit 15*183 + ¿4-22+ + 8,185 Gold stqck , . 21,212 -. 52 - 1,195 Treasury currency ¿+,101 «» — + 23 Member bank reserve balances 13*358 + 312. +‘ 1,193 Money in circulation 22,255 + 12+3 + 5 y0l8 Treasury cash 2,330 - 28 .+ 53 Treasury deposits with R. Banks 262 - 2+5 + 87 Nonmember deposits and other F.Rtaccounts 2,291 - 10 663 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RiüSEÄVE BAMS ON JUNE 7, 1944 Korn F. R. 283c (In thousands of dollars) L I A B I L I T I E S Total Boston New York .Phila. Cleve. xiich. Atlanta Chicago St. Louis Minn. Kans.Cy . Dallas San Fran. Federal Reserve notes 18,649,227 1233,104 4182,077 1245,902 1643,965 1217,878 1081,315 3466,747 796,274 417,860 684,907 462,813 2216,385 Deposits: Member bank-rosorvc acct. 13,357,767 666,096 4488,023 680,893 1059,615 549,26? 558,792 2013,913 408,396 297.,396 6o4,68l 539,236 1491,459 U.S.Treasurer-generaL acct. 262,102. 14*595 90,810 12,456 22,657 9,074 5,473 24,238 20,284 14,269 ; 14,750 6,429 27,067 Foreign 1,515,629 -.103,899^80,6o4 135,081 130,676 58,731 46,985 182,066 45,516 32*302 42,580 42,580 114,609 417,976. 3,827 324,035 5,105 6,921 7,207 4,492 5,127 11,359 4,345 1,281+ 3,007 41,267 Total deposits 15,553,474 788,417 5483,472 833,535 1219,869 624,279 615,742 2225 M 485,555 348,312 663,295 591,252 1674,402 Deferred availability items 1,228 ,701. ‘.99,935- 231,064 78,725 130,271 90,717 68,806 186,599 61,979 25,012 67,568 50,541 137,484 Other liabilities including accrued dividends 10,752 1,116 . 3,365 729 1,076 510 385 ■ 1,484 360 271 386 307 763 TOTAL LIABILITIES 35,442,154 2122,572 9899,978 2158,891 2995,181 1933,384 1766,243 5880,174 13144,168 791Â55 1416,,156 1104,913 4029,034 Capital paid in 157,372 9*887 57,802 11,864 16,150 6,298 5,598 •18,214. 4,830 3,424 5,121 4,929 13*255 Surplus (Section 7) 188,097 13,206 70,012 17,859 16,026 5*236 5,725 26,490 6,330 3*669 4,554 4,831 14,159 SurpluB (Section 13b) 26,965 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 75.44* 4,097 16,982 4,925 9,114 5,366 4,658 -11,400 3*288 3., 968 3,888 3,372 4,385 TOTAL LIABILITIES ¿JTD « ;* . •• COITAL ACCOUNTS 35*890,031 2152,63610051,8662197,960 3037,478 1953#574 1782,978 5937,707 1359,146 803,516 1430,856 1119,352 4062,962 ! Commitments tö make industrial 10&B8- 4*469 450 8 1,686 46 1,280 * 48 —- 951 F. ¿i. notes outstanding 19,194,778 1261,093 4329,882 1273,046 1685,141 1243*903 1120,583 3544,169 833*159 424,766 705,016 482,886 2291,134 Collateral for F.ii.notes held by F.R.Agontst Gold certificates 12,485,000 759,000 2895,000 745,000 1090,000 775*ooo 7io;ooo 2530,000 325 ,000 206,000 ’ 460,000 266,000 1724,000 ljli^ible paper 234,179. 12,960 -120,570 5Mh7 ---- 4*930 .■ ■ — 79,767 io;o$o “ 475 — — U.S.Govt, securities 6,844,904 500,000 1400,000 525,000 600,000 500,000 425#000 1050,000 544,904 225,000 250,000 225,000 600,000 MATURITY DISTHIBUTI. >F LCŒS AND SECURITIBS Within l6 to 31 to 6l to 91 day is to 6 months 1 to 2 2 to 5 Otror Total 15 days 30 days 60 days 90 days 6 months, to 1 year years years 5 years Discounts and advene©is 239,550 179,888 8,790 9,572 41,300. Industrial loans 11,130 10 ,042 419 24 205 74 256 79 31 " U.S.Govt, securities (incl. guar, sec.) 1^,609,297 1,483,5.66 1,403,036 3,289,880 3,580,184 1,076,400 1.632,871 17,800 968,974 1,156,586 1/ ¿iter deducting$.^3,820,000 participations of other Federal Reserve Banks# Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fbrm F, E, 283&. Released, for publication Friday morningy /June 9, 1944; not earlier, STATEMENT OF CONDITION OF THE TWELV3 FEDERAL RESERVE BANKS COMBINED (In thousands off dollars) Increase or decrease since June 7> May 31, June 9, 1944 1944 1943 A S S E T S Gold certificates on hand and due from U, S. Treasury 18,687,125 - 5it,ooo! r l,504»691 Redemption fund - F. R. notes 359*386 + 3,712 + 308,078 Other cash 259,467 - 5,609 - 90.124 Total reserves 19*305,978 - 55,897 -1,286,737 Discounts and advances 239,550 + 2,923 + 226,677 Industrial loans 11,130 661 2,186 U. S. Govt, securities» Bills 8,731,276 +265,608 +5.835*909 Certificates 3,240,490 + 93,000 +2,1^1,290 Notes 1,190,035 + ■ 1,271 + 259,835 Bonds 1,447,496 - 1,271 - 263,552 Total U, S. G<3vt. securities (inc'l. guar. sec.). 14,609,297 +358,608 +7,973,482 Total loans and securities 14,859,977 +360,870’ +8,197,973 Due from forei-gn banks 136 «... l F. Ri‘ notes of other banks 71,518 + 7,102: + 13.786 Uncollected items 1,551,149 ♦ 37,251. +.. 118,744 Bank premises 54,794 7 4,034 Other assets 66,479 - 1,754 - -9.611 TOTAL ASSETS 35,390,031 +347,565 +7,030,120 L I A B I L I -T I *E S • Federal Reserve notes 18,649,227 +117,431 +4,969»558 Deposit's 1 - Member bank - reserve account 13,357,767 +312,192 +1,192,730 U.S.Treasurer - generalaccount_ . ■; 262,102 - 45;382' + 86,773 Foreign 1 1,515,629 - '37,879. + 500,452 Other : 417,976 + 25,237 + 121,292 Total deposits 15,553,474 +25^,168 +1,901,247 Deferred availability ..items 1,228,701 - 25,183 +' 132,195 Other liabilities including accrued dividends 10,752 + 612 36 TOTAL LIABILITIES 35,442,154 +34.7,.028 +7,002,964 C A P I T A L A C C O UNT S Capital paid ir£ 157,372 + 101 + 10,016 Surplus (Section 7) 188,097 + 27,686 Surplus (Section 13b) 26,965 + 136 Other capital a'ccounts 75,443 + 436 - 10*682 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 35,890,031 +347,565 +7,030,120 Ratio of total reserves to deposit and F, R, note liabilities combined 56.4# - - 18.9f‘ . Commitments to make industrial loans 4,469 + . 513 7,880 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 JUNE 7, I9U1 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S.Treasury 18,687,125 102*1,153 4,753,80^ 10$5,9'53 1,557,450 1052,048 990,072 3,518,659 544,586 390,509 721,292 491,691 2,569,906 Redemption fund-F.R.notes 359*386 26*433 75,222 . 27,022 30,188 25,644 23,091 52,099 28,901 11,342 11,690 12,169 35,585 other cash 259,467 18;.Q23 77,4*64*• 2o,iii.. 19,504 13,768 17,163 35,805 12,058 6,001 10,587 7,932 21,051 Total reserves 19,305,978 1085,609 4,906,492 1103,086 1,607,142 1091,460 1030,326 3,606,563 585,545 407,852 743,569 511,792 2,626,542 Discounts and advances 239,550 12,960 120,570 5,447 1,630 4,930 1,491 1,750 79,767 10,030 475 • •• 500 Industrial loans 11,130 1,378 91 4,399 360 188 •• 62 -- 205 27 — 3,920 U. S. Govt, securities: Bills 8,731*276 477,407 3,373,972 497,64i 609,438 350,065 302,626 1,421,553 335,218 168,581 282,081 255,306 657,388 Certificates 3,24o,490 247,761 714,832 263,088 364,603 212,284 186,721 346,922 150,707 98,868 171,206 153,951 329,542 Notes 1,190,035 90,937 262,513 96,6l4 133,899 77,958 68,572 127,404 55*347 36,308 62,^73 56,539 121.021 Bonds 1,2*47,496 110., 671 319,307 117,516 162,868 94,822* 83,408 154,967 67,322 44,163 76,476 68,771 147,203 * Les finely guar, sec.) '14,609,297 926,826 4,670,622* 974,859 1,270,813 ;735,131 -641,327'2,050,846 608,594 347,920 592,636 534,567 1,255,154 Total loans and *• securities 14,859,977 941,164 4,791,285 985,205 1,272,803 740,249 642,880 2,052,596 688,361 358,155 593,138 534,567 1,259,574 D u e fr o m , f o r e i g n b a n k s ' 136 10 . 1/49 12 12 6 . 17 3 11 4 4 4 4 F .i i.n o t e s o f o t h e r b a n k s 71,518 1,164 1^,223 2,202 3,H7 7*079 7,346 ' 8,698 5,751 1,516 4,103 2,675 15,144 U n c o lls b t e d it e m s 1,551,14q 118.345 319*426' 98,932 142,671 107,140 96,245 258,582. 74.,253 32,715 83,874 66,360 152,806 B a n k p r e m is e s 34,794 1,642 022 3,54o 4,167 2,901 .1,636 • * 2,919 2,o47 1,268 2,706 955 1,991 9 , O th e r a s s e t s 66,479 4,902 13,369 4.-983 .7,-566 •4,739 4,o4l 3,332 3,185 2,007 3,462 2,999 6,894 TOTAL assets 35.890,03 ! 2l52,636*3ft05i,366 2197,960 3,037,478 1953,574 1,782,978.5,937,707 '1359,146 303,516 1430,856 1119,352 4,062,962 1/ After deducting••$87,’060 garticipations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis