H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR THE PRESS r Released for publication Board of Governors Friday morning, June 30,l9Ui; of the Federal Reserve System not earlier* June 29, l^kh CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 28 member bank reserve balances decreased $677,000,000# Reductions in member bank reserves arose from decreases of $363,000,000 in Reserve Bank credit and $8,000,000 in gold stock and increases of $227,000,000 in Treasury deposits with Federal Reserve Banks and $128,000,000 in money in circulation, offset in part by decreases of $25,000,000 in Treasury cash and $22,0.0,000 in nonmomber deposits and other Federal Reserve acccunts. Excess reserves of member bar.ks >:n Juno 28 were estimated to be approximately $1, 500,000,000. There was a decrease of $29,000,000 in holdings of United States Government securities; bills decreased CI9I4,000,000 while certificates increased $89,000,000 laid bonds $6,000,000. Changes in member ba;.k reserve balances and related items during the week and the y^ar ended June 2-5, l'^uu, were as; follows: Increase or decrease since June 2Q, June 21, June 30, 1944 1944 19.43 - ■ (In millions of dollars) U. S, Govt, securities (incl# guar, sec.) 15,081 - 99 + 7,379 Loans, discounts, and advances 63 ‘ - 120 + 45 Other Reserve Bank credit 230 - 144 76 Total Reserve Bank credit 15,-423 - 363 + 7,847 Gold stock " 21,193 - 3 -1,195 Treasury currency 4,107 — + 30 koinbor bunk reserve- balances 13,081 - 677 + 996 ivioney ir. circulation 22,421 + 129 + 5, ooo Treasury cash 2,314 - 25 + 46 Treasury deposits with F* R. Banks 561 + 227 + 106 Nonmernbjr deposits and other F.R.accounts 2,347 - . 22 + 536 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fern ¥% R. 233c STATEMENT QF CONE'ITICI: OF THE FEDERAL RESkRVE BANKS •:•N tfONET 2Gi, 1944 ( In thousands of dollars) L I A B I L I T I E S Total. Bostöü New York Phila. Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federa Reserve note 1,352,522 1240,867 4207,056 :1257,423 1663,518 1224,865 1092,799 3436,673 797,650 413,932 691,211 4oo ,l(J+ô 2235,077 Lesosi ,080,754 629,745 4522,204 642,063 1022,551 555,659 555.020 2003,975 44?,964 291,613 594,057 526,900 1498,005 U.S.Treasurer-general acct* 560,567 94,012 98,769 62 ,224 57,005 4-7,220 29,449 70,202 .26-,605 37,138 5,H5 15,172 17,523 Foreign 1 ,577,080 107,213 1/ 605,054 140,562 ’ 155,973 61,114 48,391 189,454 47,563 55,615 44.50J 44,508 119,257 Other 400,514 5,261 279,793 ■ 12,598 7,153 6,032 11,411 7,207 17,32? 7,665 5,656 4,295 57,593 Total deposits ic ,613,915 856,256 5305,800 657,41*7 1222,492 668,025 642,771 2270,913 534,757 570,279 647,156 590,675 1672,561 ,430,197 130,342 259,228 85,060 169,2?3 112,756 73,630 220,080 55,681 27,192 76,267 49,033 171,595 Other liabilities including accrued dividends 12,208 1,134 3,590 888 1,182 434 885 1,452 555 297 527 *4o8 326 TOTAL LIABILITIES 3f ,893,642 2203,669 9775,654 :2200,818 3056,270 2006,078 1810,285 5979,123 1580,623 816,700 I4l5,l4l 1106,617 4129,659 Capital paid in 158,160 9,910 57,349 11,361 16,156 6,351 5,661 18,666 4,835 5,427 5,150 4,989 15,347 Surplus (Section 7) 188,097 13,206 70,012 17,859 16,026 5,256 5,725 26,490 6,550 5,669 4,554 4,851 14,159 Surplus (Section 13^) 26,965 2,874 7,092- 4,421 1,007 3,290 749 1,429 - 550 1*Q00' 1,157 1,507 2,129 Other capital accounts 78,176 4,279 17,357 5,140 9,575 5,536 4,819 11,686 5,556 4,051 5,997 5,4-92 4,538 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 3( ,545,040 2238,953 9926,464 :2240,099 5098,834 2026,471 1827,239 6037,399 1403,672 828,847 1429,959 1121,256 4163,382 Commitments to make industri al loans 4,199 575 8 1,682 42 1,132 — — 48 — ------- 912 F.R. notes outstanding ,501,172 1277,157 4367,242 :1291,199 1711,882 1261,979 1145,963 3563,665 334,097 428,823 715,825 496,522 2536,315 Collateral for F.R.notes held by F.R. Agents? Gold certificates 11,873,000 779.000 2395.000 695,000 1015,000 775.000 725,000 2500,000 575,000 206,000 430.000 256.000 1724,000 Eligible paper 50,098 5,05-5' 31,205 1,553 2,775 ....................... 9,100 — 250 U.S.Govt. securities 7 ,771,157 500.000 2000.000 600,000 700,000 500.000 425,000 1100,000 471,157 225,000 300.000 250.000 700,000 LiATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 61 to 9I 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 yoars Disc-unts and advances 51,543 40,531 525 2,822 7,670 Industrial loans 11,067 10,404 19 23 219 172 120 79 31 U. S. Govt, securities (incl. guar, sec.) 15,080,561. 1,769,dii 1,198,259 3,434,554 5,728,606 1,055,000 1,704,371 17,300 1,021,926 1,120,254 l / .after deducting $971,710,000 participations of oth^r Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 233^ Reloused for publication Friday morning, June 30»1944; not earlier STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( In thousands of dollars) Increase or decrease since June 28, June 21i June 30, 1944 1944 1943 a S S ij T S Gold certificates, on hand and due from U. S. Treasury 18,619,375 - 26,995 -i,55l,3Ui Redemption fund - F,’ R. notes ¿Ul,8l3 + 25,009 + 353,140 Other cash 280,560 + 2,069 - 77,027 Total reserves 19,311,718 + 83 -1,270,228 Discounts and advances 51,548 -119,959 + 46,558 Industrial loans 11,067 - 96 - • 1,609 U. S..Govt, securities: Bills 9,051,940 -193,950 +5,236,705 Certificates 3,331,990 + 89,000 +2,290,290 Notes 1,182,535 + 385,635 Bonds ; 1,1+64,096 + 5,600 - 34,252 Total U. S, Govt, securities (incl, guar. sec,)-' 15,080,561 « 99,350 +7,-873,373 Total loans and securities 15,143,176 -219,405 +7,923,327 Due from foreign banks 136 -- 1 F. R. notes of other banks 86,128 + 6,801 + ■■ 20*580 Uri collectcd items 1,709,758 -402,226 + 73-,‘740 Bank premises * '34,7-39 •45 4,222 Oth„r assets 59,355 + 2,159 2-,-277 TOTAL ^¿SETS 36,345,040 -612,633 +6,745,919 L I a B I L I T-'I'E’S Federal Reserve notes 18,832,322 +116,521 +4,959 >900 Deposits: Member bank - reserve1 3a,0c8co0u,7n5t4; ‘-677,112 + 996,214 U.S.Treasurer- general account . 560/567 +226,443 + 105,389 Foreign 1,577,080 - .3,253 + 462,981 Other 4oo,5l4 ■- 19,058 + 32,034 Total deposits 15,613,915 -472,980 +1,596,618 Deferred availability items 1,430,197 „-258,216 + .154,965 Other liabilities including accrued dividends 12,208 + 926 + 7,536 TOTaL LIABILITIES 35,893,642 >613,749 +6,719,019 C a P I T a L ACCOUNT S Capital paid in 153,160 + 60 + 9,524 Surplus (Sjction 7) 188,'097 — + 27,686 Surplus (ojetion 13b) 26,965 — + 136 Other capital accounts 78,176 *+ 1,056 • - • 10,446 TOTaL LIABILITIES aND CaPITaL ACCOUNTS 36,345,040 -612,633 +6,745.919 Ratio of total reserves to deposit and F.R.noto liabilities combined 56.1% ■ + ,6$ 17.75S Commitments to make industrial loans 4; 199 + ‘ 49 7,933 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. H. 283b 9 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS' CN JOKE 28, I I+I* (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 18,619,375 1136,363 U.U13.525 1037,5U8 1,531,525 1070,31*5 1009,057 3.567,665 710,1*88 390,382 721,671* 1*82,67 5 2.,51*7,628 Redemption fund-F.R.notes 1*11,813 ; 26,191 101,306 30,397 35,911 27,1*11 22,759 5li»726 28,79ù 11,309 11*, 577 13,078 1*5,35Ù Other cash 280,56O 18,328 77,602 21,1*97 22,931 15,39k 18,303 1+1.581 12,929 5,61*1; 12,097 9,301 21*, 953 Total reserves 19.311,713 1180,882 U,592,1*33 1089,1*1*2 1,590,367 1113,650 1050,119 3,663,972 752,211 1*07,335 71*8,31*8 505,051* 2,617,935 Discounts and advances 51.5U8 5,835 31,205 1,553 300 2,775 50 — 9,100 -- 230 — 500 Industrial loans 11,067 1,1*39 91 h,25h 360 187 1*0 — — 226 25 — 3M 5 U. S. Govt, securities: Bills 9,051,9ho 1*1*8,291 3,573,086 51*0,1*12 618,329 37U,633 328,561* 1,1*23,163 287,612 196,859 29l*,636 261*,1*88 701,867 Certificates 3,381,990 253,295 751*, 1*1*1* 27I*, 581 378,1*81* 220,079 192,570 363.916 157,182 103,276 177,920 159,361* 31*1,879 Notes 1, 182,535 90,311; 263,798 96,009 132,31*0 76,951 67,335 127,21*1* 51;,961 36,112 • 62,208 55,723 119,51*0 Bonds 1, 1*61*, 096 111,817 326,608 118.868 163,850 95,273 83,3£7 157,5lil 68,01*7 1*1*. 711 77,020 68,991 11*8,003 Total ü. S. Govt, securities (incl# guar, sec.) 15,080,561 908,717 1*,917,936 1029,870 1293,003 766,936 671,836 2,071,861* 567,802 380,958 611,781* 5^8,566 l>31l,289 Total loans and securities 15,11*3,176 915,991 h,9^9,232 1036,177 1,293,663 769,898 671,92 6 2,071,861* 576,902 381,181; 612,039 5l;8*,566 1,315,731; Due from foreign banks 136 10 1/ ' h9 12 12 6 1* 17 1* 3 1* 1* 11 *\R.notes of other banks 86,128 1,61*9 H*,812 2,899 3,037 10,1*30 7,537 9.51*5 5,926 2,769 6,567 3,030 17,927 Uncollected items 1,709,758 13U, 559 350,373 103,1*66 200,623 125,279 92,690 282,61*9 63,515 31*, 1*33 57,220 60,933 20l*, 018 Bank premises 3U.739 1,638 9,022 3,528 I*. 158' 2,89U 1,632 2,912 2,01*3 1,266 2,706 955 1.985 Other assets 59,355 1*,209 12,51*3 4,575 . 6,971* U.31U 3,331 6,1*1*0 3.071 1,857 3,075 2,691* 6,272 TOTAL ASSETS 36,31*5,01*0 2238,938 9,928,1*61* 221*0,099 3,098,83!; 2026,1*7.1 1827,239 6.,037,399 11*03,672 828,81*7 11*29,959 1121,236 1*, 163,882 l/.after deducting $37,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis