H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F* R* 28j STATELIENT FOR THE PRESS Released for publication Board of Governors Friday morning, July 23; of the Federal Reserve System not earlier. 'July 27, 19bh CONDITION OF THE FEDERAL RESERVE BATIKS -During the week ended July 26 member bank reserve balances increased $39,000,000. Additions t^ member bank’ reserves arose from increases of $125#000,000 in Reserve Bank credit and 62,000,000 in Treasury currency and decreasgs of $35*000,000 in Treasury cash ana $2U,000,000 in nonmember deposits and/Feaeral Reserve accounts, offset in part by a decrease of $51,000,000 in gold stock and increases of ^53,000,000 in-money in circulation, and 5I4.3f000,000 in Treasury deposits with Federal Reserve Banks* Excess reserves of member banks on July 26 were estimated to be apprciximately $1,300,000,000. There was an increase of $22*6,000,000 in holdings of United States Government securities: bills increased-£272,000,000; while notes decreased $5 ,000,000 and bonds 221,000,000. Changes in member bank reserve balances and related items during the v/-..;ek and the year ended July 26, I9W4, were as follows: Increase or decrease ■since July 26, ‘ July 19, July 28, I9W4 19I4I+ 191+3 (In millions of dollars) U. S. Govt, securities (incl. ¿uar. sec.) lit, 30 2 +2J4.6 +6,851 Loans, discounts and advances 1+8 - 2 + 23 Jther Reserve Bank credit 27li -II8 - 167 Total Reserve Bank credit 15,121+ +12Ç ■ +6,706 Gold stock 20,996 - 51. ; -1,338 Treasury currency it,111 + 2 21 Member bank reserve balances 12,793 + 39 + 1+81+ l.ioney in circulation 22 ,581+ + 53 +i+,7S'5 Treasury cash 2,313 - 35 + 1+1 Treasury deposits with F. R. Banks 1+03 + ¿4-3 - 156 ITonmember deposits arid other Fi accounts 2 ,136 - 2k + 236 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 26, 1?Ul (In th-usands of dollars) L I A B I L I T I E S Total- Boston Hew York Phila. Cleve. Rich* Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Feaeral Reserve notes 18,995,287 j 21+0,631 1+21+7 ,707 1266,328 1685,713 1230,277 1088,956 3521+,019 800,011+ 1+20,592 697,703 l+61+,802 2328,51+5 Deposits: Member bank-reserve acct .12,792,593 610,579 1+197 ,007 635,1476 1015,086 518,821+ 526,1+71+ 196!+,959 U+5,506 231,301 601,1+51+ 526,385 li+69,0l+2 U.S.Treasurer-general acct. 1+02,698 22,572 106,982 25,700 1+1,1+81 23,606 23,765 35,711 10,969 8,965 13,988 13,576 75,383 Foreign 1 jau .721 97,569 1/ 538,922 126,U86 122,362 5 L,99h 1+3,995 170,1+31 1+2,620 30 , 21+7 39,871 39,371 107,303 Other 358,351+ 1+,156 255,780 9,122 8,1+23 l+,226 7,217 12,993 10,81+0 3,001 ■ 1,91+? 1+ ,20i+ 36,1+1+3 Total deposits Ili,968,366 .73l+,876 5098,691 796,781+ 1187,352 601,650 601J451 2131+, lld+ 509,935 323,511+ 657,262. 5314,536 1633,171 Deferred availability items 193^79675 100,781+ 2o2,057 79,563 13l+,607 102,513 73,130 202,750 57i76l+ 27 ,1+31+' 7l+,085 58,976 17l|-,007 Other liabilities including accrued dividends 7,5¿+6 780 1,959 526 791 231+ 616 1,022 231 219 273 29b 5OI TOTAL LIABILITIES 35,313,871+ 2077,071 96io,iai+t 21Ì43,206 3008,1*63 1931,721+ 1761+,153 5911,935 -1367,991+ 771,759 1I+29,323 1108,608 I+191,221+ Capital paid in 159,182 9,91*7 58,123’ 12,106 16,221+ 6,376 5,713 18,830 1+ ,868 3,1+58 5,155 5,012 13,370 Surplus (Section 7) 183,097 13,206 70,012. 17,859 16,026 5,236 5,725 26,1*90 • 6,330 3,669 • l+,55l+ b, 331 li+,159 Surplus (Section 13b) 26,965 2,871+. 7,092 • 1+ ,1+21 1,007 3,290 7I+9 1,1+29 530 1,000 1,137 1,307 2,129 Other capital accounts 82,21+5 1+.580 18,987 5,1+65 9,820 5,770 5,055 12,037 3,505 i+.iSo* 1+,155 3,662 i+,979 TOTAL LIABILITIES AED * * capital ';.cc wts 35,775,363.2107,678 9761.Ù623 2183,057 3051,51:0 1955,396 1781,395 5970,771 1383,227 781+,066 llM ,32l+ 1123,1+20 1+225,861 Commitments to make industrial loans 3,61+8 275 8 2,005 50 959 — — 1+8 ---- ---- — 303 F. R. notes outstanding 19,703,192 1283,675 1+1+23,399 1300,912 1727,117 1271,321+ 1152,671+ 3598,716 81+0,1480 1+30,315 725,126 1+99,611 2l4l+9,3l+3 •- ■ Collateral for F. R. notes held by 1 . R. /.gents: Gold certificates 12,155,000 *71+1 »000 ' 2770,000 610,000 1028,000 775,000 660,000 2520,000 375,000-216,000 2+30 ¿ooo 256,000 1771+.000 Eligible paper 32,96o 2,275 19,615 li., 200 — 1,720 — — l+,320 ----: 330 — ---- U.S.Govt. securities 7,950,761 600,000 1700,000 700,000 700,000 525,000 500,000 1100,000 550,761 225,000 300,000 250,000 800,000 MATURITY DISTRIBUTION OF LCLKS ;.I;7> SECURITIES Within l6 to 31 tc 61 to 91 d&ys to 6 months 1 to 2 2! to 5 Ove r Total 15 days 30 days 60 days 90 days 6 months . .to 1 year years years 5 years Discounts and advances 37-, 185 25,375 1,175 2 ,lji+0 8,195 • ... mm mm mm — — — Industrial loans 10,71+9 9,685 18 1;.6U 196 210 70 75 31 ---- U. S„ Govt* securities (incl. guar, sec.) ll;f802,2lli. *2,087,090 1,1+82,772 3,883,563 3,220,832 1+1?,2S0 1,70^,371 17,800 957,302 1,031,23U 1/ After deducting o87U,U03,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

from F. R. 23?a Released for publication Friday r.orfcing; .July 28, 19UU; not earlier statei:?;nt of .condition OF TKi! TWELVE FEDERAL/ RESERVE BANKS C'MBIIJED (In thousands ->f dollars) Increase or decrease since July 26, July 19, July 28, 19*i4 1944 1945 A S S E T S Gold certificates on hand and due from U. S. Treasury 18,399,125 - 54,000 T1,712.090 Redemption fund - F. R. n:.)tes ¿+25,735 .•+ .1,820 + 572,225 Other cash . 290,30k +. 3,648 - 6k ,¿446 Total .reserves 19-,115,16k 48,532 -l,4o4,3H Discounts and advances 37,185 - 1,7k5 + 24,180 Industrial loans 10,7k9 196 — 1,377 U. S. Govt, securities : Sills 3,927,217 + 272,102 +4,266,657 Certificates 3,331,990 +2,290,290 Motes 1,133,071 - '4 ,8oo 1- 409,671 Bonds 1,359,936 - 21,460 - 115,412 Total U. S. Govt. ■securities (incl. ¿:uar. sec,) 1^,602,211 • ♦ 245,342 +6,851,206 Total loans and securities ■ .14,850,143 + 21+3,901 +6,874,009 Due from foreign banks 136 ---- + 2 F\ R. notes of other banks ■ 39 ;'39d - 4,571 + 28,290 Uncollected items 1,621,251 - 243,596 -r 58,117 Bank premises .34,665 59 - 4,015 Other assets 61,., 601 ■+ 1,165 + 1,499 TOTAL ASSETS 35,775,365 51,674 +5,555,591 L I A B I L I T I E S Federal Reserve notes ! 13,995,287 + 14,1.1.05 +4,767,054 Deposits: Member bank - reserve account 12,792,593 + 58,5^4+ + 435,418 U.S.Treasurer i- general account ¿4.02,698 + 42,958 - 156,497 Foreign l,4l4,721 - k7,137 214,479 Other 353,354 + 22 ,593 - 12,537 Total deposits -- lk ,968,366 + 56,915 + 528,815 Deferred availability items 1,3147,675 - 124,915 f 225,788 Other liabilities including accrued dividends • .7,546 + 76c + 1,965 TOTAL LIABILITIES -35»318»374 - 52;857 +5,525,620 C A P I T A L ACC- OUNTS Capital paid irjt . 159,182 72 + 10,271 Surplus (Section 7) ■ 1-6-8,097 • ---- + 27,686 Surplus (Section 13b) 26,965' ---- + 156 Other capital accounts 82,2k5 + 1,091 - 6,122 TOTAL LIABILITIES AMD CAPITAL ACCXNTS 35,775,363: ' - 51,674 +5,555,591 : Ratio of t1otal1 resprfes ieposit j and F. R. note liabilities c 'r.ibined .56:3-1; nrff - 15.3£ Connr.itr.ents make industrial loans 3,648' ¿i55 - 8,227 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

283 Form F. R. b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 26, 1944 .(In thousands of dollars) A S S E T S Total Boston New York Phila. Clève, Rich. Atlanta 'Chicapro 'St.Louis Minn. Kans.Cy. Dallas San Fran Gold certificates on hand and due from U.S.Treasury 18,399,125 985,617 1+830,996 91+0,370 1490,601 9^0,634 909,971 3577,41+9 614,162 359,790 687,581 494,811 2517,143 Redemption fund-F.R.notes U^5#735 27,796 99,764 35,291 35,420 28,413 25,622 : 55,589 28,612 11,495 li* ,1i4-2 12.9U1 50,342 Other cash 290,304 73,254 21,995 23,414 18,41+3 21,238 41,619 13,367 6,467 13,272 9,182 28,339 19'nU Total reserves 19,115.164 1033,127 5004,014 997,656 1549,443 IO37,490 956,831 3674,657 656,141 377,752 715,295 .5i6*93l+ 2595, Ö21+ Discounts and advances 37,185 2,275 19,615 . 4,200 1,720 925 3,300 4,820 — 330 — Industrial loans 10,749 1,533 89 4,359 355 187 33 ---- 198 25 ---- 3.970 U# S. Govt, securities: Bills 8,927,217 504,292 3139,460 585,468 669,849 394,547 364,155 1346,282 361,71+2 187,1+97 329,331 262,753 781,84i Certificates 3,381,990 256,11*2 710,536 278,095 378,166 223,031 207,1+89 376,518 163,315 100,1*15 176,522 152,635 359,126 Notes 1,133,071 85,813 238,051 93,171 126,697 74,723 69,516 126,145 54,715 33,643 59,139 51,138 120,320 Bonds 1,359,936 102,995 285,714 111,826 152,061* 89,684 83,435 151,402 65,670 1+0,379 70,980 61,377 141+,410 Total U. S# Govt, securities (incl. guar, sec.) 14,802,214. 949,21+2 4373,761 1068,560 1326,776 781,985 72l+,595 2000,347 645,1+42 361,934 635 ,972 527,903 1405,697 Total loans and securities 14,850,11+8 953,050 1+393,465 1077,119 1327,131 783,892 725,553 or 0 0 J>N £ 0- 650,262 362,132 636,327 527,903 11+09,667 Due from foreign banks 136 10 1/ 49 12 12 6 4 17 4 ' 3 4 4 11 F.R.n^tes of other banks 89,39« 1,850 15,385 3,i4o 3,54? 10,957 1,197 9,399 5,625 4,773 7,149 3,550 16,821* Uncollected items 1,621,251 113,421 329,626 96,849 159,75? 115,594 86,365 272,302 65,915 36,248 79,602 71,110 194,462 Bank premises 34,665 1,638 9,002 3,516 4,l46 2,887 1,629 2,912 2,041 1,266 2,700 ■9I+7 1,979 Other assets 64,601 4,582 13,087 4,765 7,500 4,570 3,816 7,837 ‘3,239 1,892 3,247 2,972 7,094 TOTAL ASSETS 35,775,363 2107,678 9764,628 2183,057 3051,5140 1955*396. 1781,395 5970,771 1383,227 784,066 liii+,324. 1123,420 4225,861 l / After deducting $87*000 participations of other Federal Reserve ; Banks« Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis