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, July 7; of the Federal Reserve System 9 not earlier. July 6, I U+ CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 5 member bank reserve balances decreased $9^*000,000 • SBduafciCfisin member bank reserves arose from decreases of $338,000,000 in Reserve Bank credit and $60,000,000 in gold stock, and an increase of $177, '00,000 in money in circulation, offset in part by decreases,of $31+2,000,000 in Treasury deposits with Federal Reserve Banks,$122,000,000 in nonmember deposits ana other Federal Reserve accounts, and $10,000,000 in Treasury cash. Excess reserves of member banks on July 5 were estimated to be a^oroximately $1,^00,000,000. There T/vas a decrease of $3li5»000,000 in holdings of United States Treasury bills. Changes in member bank reserve balances and related items during the week and the year ended July 5, l9l|ll, "'«re as follows* Increase or decrease since July 5, June 28# July 7 !9kU I9I4U 19^3 (.In millions of dollars) U. 3. Govt, securities (in cl. guar, sec.) Hi,738 - 5h3 + 7,062 Loans, discounts, and advances 33 - 30 111 Other Reserve Bank credit 3lk + • 34 30 Total Reserve Bank credit 338 + 6,960 Gold stock 60 - 1,255 Treasury currency ¿•i ember bank reserve balances Çk * 879 Money in circulation + 177 + U,99l Treasury cash IS + 13 Treasury deposits with F. R. Banks - 3i*2 t 55h ■ 'or:member deposits and other F.R,accounts - 122 + 1+01 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OF JULY 5, 1944 Form F. R. 283c (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 SanFran. —*------------------------------- 1 Federal Reserve notes 18,971,663 -121*9,662 4249,664 1265,855 1673,044 1231,106 1099,519 3506,239 804,385 420,716 695,693 472,877 2302,903 Deposits : fcember bankrreserve acct .12,986,913 ■ 608,849 4266,083 043,003 1044 ,o46 550,052 562,346 1993,887 440,623 285,887 604,007 529,944 1458,126 U.S.Treasurer-general acct, 219,248 13,670 16,039 610 17,192 7,429 21,276 42,972 13 ¿63 15,052 22,529 15,786 28,230 Foreign 1,470,508 101,061 */ 55U.735 132,408 128,090 57,569 46,055 173,463- 44,6l6 31,663 41,737 41,737 112,324 Other 390,523 I*,523 289,6^6 7,679 6,926 7,223 8,590 6,539 11,769 5,241 2,616 3,947 35,779 Total deposits 15,067,197 733,103 5126>603 783,700 1196,254 622,273 638,267 2221,861 510,471 337,843 670,949 591.414 1634,459 Deferred availability items 1f2h9,791 102,367 184,359 72,260 154,665 105,521 75,398 192,263 55,170 32,263 32,363 53,665 139,437 Other liabilities including accrued dividends 6,979 674 1,805 462 672 245 713 923 216 177 402 189 501 TOTAL LIABILITIES 35,295,630 2085,806 9562,431 2122,277 3024,635 1959,145 1813,897 5921,291 1370,242 791,004 1449,407 1118,145 4077,350 Capital paid in 158,7^0 9,922 58,085 12,071 16,180 6,341 5,685 13,704 ' 4,837 3^29 5,139 4,997 13,350 Surplus(Section 7) 188,097 13,206 70,012 17,859 16,026 5,236 5,725 26,490 6,330 3,669 h,5$k 4,331 14,159 Surplus (Section 13*o) 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 79,071 1+.336 18,119 5,199 9,469 5,566 4,860 11,784 3,339 4,083 4,056 3,525 4,685 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 35,748,503 2116,144 9715,739 2161,827 3067,317 1979,578 1830,916 5979,698 1385,328 803,185 1464,293 1132,805 4111,673 Corrjni tm^nts to make 3,965 375 8 1,590 42 991 ---------- 48 ----------- 911 industrial loans F. R. notes outstanding 19,549,378 1274,834 . 4411,3k3 1295,056 1712,713 1261,494 1145,259 3577,6oi . 832,975 ^28,942 714,334 499,996 2394,331 Collateral for F. R. notes held by F. R.‘ Agents: Gold certificates 11,768,000 779,000 2420,000 600,000 1018,000 775.000 685,000 2500,000 375,000 206,000 430,000 256,000 1724,000 Eligible paper 18,070 2,225 9,125 1,015 ----------- 1,475 — ---------- 4,000 — 230 T ------- ---------- U. S. Govt, securities 8,042,030 500,000 2000,000 700,000 700,000 500,000 475,ooo 1100,000 492,030 225,000 300,000 250,000 800 f000 MATURITY DISTRIBUTION OF LCOÏS i.NJI> SECURITIES Within l6 to 31 to 61 to 91 day.s to ".6 months 1 tc>2 2 to 5 Over Total 15 days 30 days 60 days 90 day s J 6 months to 1 year yeur■s ycars. 5 years Discounts and advances 21 ,995 10,975 400 675 9,945 ----------- ---------- . ----------j ' Industrial loans 11*11+5 10,050 11 447 240 202 3? 77 31 U. S* Govt, securities » * (Incl. juer. sec.) 14,737,903 1,611,084 1,647,766 3,720,716 3,476,756 417,250 1,704,371 . 17,800 1,021,926 1.,120,234 l / After deducting $915.314-3.000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F. R. 233a Released for- publication Friday morning, July 7.1944; not earlier, STATEMENT OF CONDITION OF THE TWELVE r'EDERAL RESERVE BANKS COMBINED (In thousands of.dollars) Increase or decrease since July 5, June 28, July 7, 1944 19W* 1943 A S S E T S Gold certificates on hand and due from U, 3, Treasury 18,551,875 - 67,500 -1,615,81*1 Redemption fund - F. It, notes 117,450 +* 5,637 + 362,265 Other cash 271,256 - 9,301* - 71,072 Total reserves 19,21*0,531 - 71,167 -1,321*, 61*8 Discounts and advances 21,995 - 29,553 - 11,637 Industrial loans 11,11*5 + 78 1,1*52 U. S, Govt, securities-: Bills 8,709,282 -31*2,658 +1*.352,385 Certificates 3,581,990 ------ +2,290,290 Motes 1,182,535 ------ + 437,635 Bonds ■ -1,464,096 *■ * - 18,652 Total U. S, Govt, securities (incl, guar, sec,) 14.737,903 -3.1*2,653 +7,061,658 Total loans and securities iu, 771,01*3 -3.72,133 +7,01*3,569 Due from foreign banks 136 ... + 2 F, R, notes of other banks 76,811* - 9,31k + 19,855 Uncollected items 1,561*, O89 -11*5,6 69 1*9,670 Bank premises 34,704 35 1*,251 Other assets 61,136 + 1,7^1 1,691 TOTAL ASSETS 35,71*8,503 -596,537 +5,683,166 L I A B I L I T I E S Federal Reserve notes 18,971,663 +139,31*1 +4,937,175 Deposits: ' Member bank - reserve account 12,986,913 - 93,81*1 + 879,410 U«S.Treasurer - general account; 219,21*8 -341,319 - 553,495 Foreign 1,1*70,508 -106,572 + 335,885 Oth 3 r 390,528 - 9,986 + 32,680 Total deposits 15,067,197 -551,718 + 694,480 Deferred availability items 1,21*9,791 -180,1*06 + 30,110 Other liabilities including accrued dividends 6,979 - 5,229 939 TOTAL LIABILITIES 35,295,630 -598,012 +5,660,826 C a p i t a l a c c o u n t s Capital paid in 158,71*0 + 580 + 10,008 Surplus (Section 7) 188,097 — + 27,686 Surplus (Section 13^) 26,965 — + '136 Other capital accounts' 79,071 + 895 10,490 TO'LiL LIABILITIES 'AND CAPITAL ACCOUNTS 35,71*8,503 -596,537 +5,683,166 Ratio of total reserves to deposit and F, R, note liabilities combined' 56.^o • + .¡4% - 15-996 Commitments to make industrial loans 3,965 231* 8,246 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b STATEMENT OF G EDITION OF THE FEDERAL RESERVE BAIJKS ON JULY 5, 19Uh (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 18,551,875 1036,731 I». 617,207 964,320 1,539*098 1054,344 954, 575 5,604,572 675,473 372,325 732,954 523,846 2,1*96,630 Redemption fund-F.R.notes! 417,450 26,098 100,982 35,218 35,791 26,723 25,117 54,616 23,748 11,209 14,541 13,051 45,271 ri / r\ Other cash 271,256 17,092 70,425 20,119 21,116 17,456 19,941 40,030 13,C-OC. 6,010 13,440 ^ J496 23,869 Total reserves 19,240,381 1079,921 I».783,614 1019,657 1,596,005 1073,523 999,633 5,699,018 717,435 339,624 ' 760,935 545,393 2,565,770 Discounts and advances 21,995 2,225 9.125 1,015 — 1,475 925 5,000 4,000 — 230 -- — Indus trial i bans 11,145 1,439 89 4,322 355 187 '35 -- — 243 25 --- 3,945 U. S. Govt, securities: Bills 8,709,282 453,890 '5,326,5?0 526,703 612,386 570,400 351,773 1,545,060 293, n y o y o y 139,528 239,535 249,,417 700,001 777 Certificates 3,381,990 256,142 710,075 278,106 378,21*1* 225,105 207.625 57 6.433 16?,.w j.0~'l>,406 1 ./ 6, btf.il: 152,, 668 359,261 Notes 1,182,535 89,562 21*8,281 97,242 132,256 73,007 72.' 593 131,640 57 ] 3^ 3-r-107 61,131 53,531 125,618 Bonds 1,464,096 110,836 307.397 120,395 163,746 96,531 89, qp), ' 162,933 70,710 43. 466 76-429 66,,091 155,528 es (incl. guar» sec.) 14,737,903 910,480 4,592,343 1022,446 1,286,632 768,091 721,830 2,016,166 535,>154 363,,507 604,239 521,>557 1,340,408 Total loans and securities 14,771,043 914.144 4,601,557 1028,233 1,286,987 769,753 722,84o 2,019,166 589, 154 363,-755 6o4,, 494 521,. 557 1,344,353 Due from foreign banks 136 10 1/ 49 12 12 6 4 17 4 3 4 4 11 F.R.notes of other banks 76,614 1,611 11,491 2,976 3,781 3,953 6,.254 3,617 5,765 3«,501 4,854 2,350 16,578 Uncollected items 1,564,089 ll4,440 292,91*6 102.0Q4 169,229 115,052 96,375 2^2,Q74 67,702 33,■ 044 30,013 ft, ,309 176,071 Bank premises 34,704 1.633 9,002 ~Z r“' ï 0 4,150 2,094 ,652 2,912 2,042 1 266) 2.700 947 1,935 Other assets 61,136 4,330 12,080 ü ?'■ .. ' 4 r 7 ° 1 r 1 -. ! J- \ 4P1— 4,4' n • — 3 j > ,678 7,094 3!,100 ■ 512 3", 2?3 2.665 6,905 TOTaL ASSETS 35,740,503 2116,144 9.715,739 2161,027 3,067,317 1979,573 1030,¿16 5»979,69Q 1335,323 003,105 1464,293 1132,005 4,111.673 l / After deducting $87,000 participations cf othor Föderal Rsserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis