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, August 4, of the Federal Reserve System not. earlier. August 3» l$4i- C O N D IT IO N OF- TH E F E D E R A L R E SE R V E BA N K S D u r in g t h e w e e k ende< J A u g u s t 2 m e m b e r b a n k r e s e r v e b a la n c e s in c r e a s e d $ 9 1 ,0 0 0 ,0 0 0 * A d d it io n s t o m e m b e r b a n k r e s e r v e s a r o s e fr o m a n in c r e a s e o f $ 1 2 5 * 0 0 0 ,0 0 0 i n R e s e r v e B a n k c r e d i t a n d a d e c r e a s e o f $ 11 * 2 ,0 0 0 ,0 0 0 i n T r e a s u r y d e p o s it s w it h F e d e r a l R e s e r v e B a n k s , o f f s e t i n p a r t b y in c r e a s e s o f $ 1 5 0 ,0 0 0 ,0 0 0 in m o n e y i n ^ c ir c u l a t i o n , a n d $ 2 6 ,0 0 0 ,0 0 0 i n T r e a s u r y ca“s h . E x c e ls r e s e r v e s o f ¿¡•iiiiber b a n k s o n A u g u s t 2 w e r e e s t im a t e d t o b e a p p r o x im a t e ly $ 1 ,2 0 0 ,0 0 0 ,0 Q 0 . T h e r e w a s an i n c r e a s e o f $ 8 9 ,0 0 0 ,0 0 0 i n h o ld in g s o f U n it e d S t a g e s G iv s r n m e n t s e c u r i t i e s : b i l l s i n c r e a s e d $ 1 2 0 ,0 0 0 ,0 0 0 ; w h il e n o t e s d e c r e a s e d 17 000 000 $ il:,0 0 0 ,0 0 0 a n d b o n d s $ , , * C h a n g e s i n m e m b e r ,b a n k r e s e r v e b a la n c e s a n d n e la t e d it e m s d u r in g t h e w e e k a n d t h e y e a r e n d e d A u g u s t 2 , 19 k U i w e r e a s f o l l o w s : .I n c r e a s e o r d e c r e a s e s in c e 2, 26, 4; A u g . J u ly A U g . 1944 1941* 1943 ( I n m i l l i o n s . o f d o l l a r s ) Hi ,891 + 89 +6,726 U . S . G o v t, s e c u r i t i e s ( ijn c l, g u a r , s e c .) 47 - 1 + 17 L o a n s , d is c o u n t s a n d a d v a n c e s 310 + 3^ " 78 O th e r R e s e r v e .B a n k c r e d i t • 15 »21*9 +125 +6.667 T o t a l R e s e r v e B a n k c r e d i t ‘ 20,996 ---- -1.339 G o ld s t o c k 1* ,112 + 1 + 19 T r e a s u r y c u r r e n c y 12,381* + 91 .* 548 M em b er b a n k r e s e r v e b a la n c e s 22,734 +150 +4,720 Jion oy i n c i r c u l a t i o n 2,339 + 26 + 58 a s u r y c a s h 261 ' -142 - 137 T ro a su rjr d e p o s it s w it h F . R . B a n k s 2,139 ♦ 1 * 157 N o n m o m b sr d e p o s it s a n d o t h e r F .R .a c c o u n t s Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

283 Form F« R* c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 2, 1944 (In thousands of dollars)- L I A B I L I T I E S Total Boston • New York Phila. Cleve. Rieh. Atlanta Chicago St.Louis Llinn. Kans *Cy. Dallas SanFran. Federal Reserve notes 19,165,021 12/4.7,092 4279,171 1271,555 1694,233 1245,572 1112,785 3544 ,o4i 810,569 422,083 713,269 430,029 2344,622 Deposits: ¿¡ember bank-reservd acct .12 ,8814.,227 .612,793 4252,026 637,070 1010,511 512,41*5 522,739 1956,888 435,220 284,897 589,055 560,1421510,41*1 U.S.Treasurer-general acct. 260,698 2&,8JL3 45,501 11,600 21,300 19,437 12,026 19,680 17,153 1'3,649 1,088 7,270 65,181 Foreign 1,1+31 »317 • 98,34-5 i/545,457 127,995 123,822 55,650 414,520 172,516 43>129 30,608 40,346 1*0,346 108,583 Other 339,587 4,639 256,165 5,41*6 6,574 2,512 3,551 4,947 10,742 2,551 2,242 2,685 37,533 Total deposits ll;,915 >829 742,590 5099,149 782,111 1162,207 590,01*14 582,836 2154,031 506,-241* 331,705 632,731 610,1*1*3 1721,730 Deferred availability itemsi,381,752 104,301 283,006 35,756 147,336 103,8o4. 80,305 196,709 62,456 27,766 ' 83,276 45,500 161,537 Other liabilities including accrued dividends 6,916 717 1,794 514 725 348 282 1,041* 279 180 303 193 537 TOTAL LIABILITIES 35,469,518 2094,700 9663,120 2139,936 3004,501 1939,768 1776,203 5695,825 1379,548 781,734 1429,579 1136,165 4228,434 Capital paid in 159,252' . 9,948 58,124 12,119 16,231 6,381 5,710 18,838 4,370 3,460 5,160 5,012 13,393 Surplus (Section 7) 188,097 13,206 70,012 17,859 16,026 5,236 5,725 26,490 6,330 3 ,$69;' 4,554 4,831 14,159 Surplus (Section 13b) 26,965 2,874 7,092 4,1*21 1,007 3*290 749 1,429 53p 1,000 1 »l$7 1,307 2,12 Other capital accounts 84,313 4,717 19,452 5,621* 10,020 5,837 5,152 12,470 3,634 4,230 4,262 3,731 5,13. TOTAL LIABILITIES AftD CAPITAL ACCOUNTS 35,928,145 2125,44-5 9817,300 2179,959 3047,785 1960,512 1793,550 5955,052 1394,912 794,093 1444,692 1151,046 4263,299 Commitments to make industrial loans 3,920- 275 8 1,842 50 899 48 798 F* R. notes outstanding 19,755,125 1287*923 4447-341 1306,831 1731,370 1270,900 1152,118 3600,685 84i,io4 431,218 731,355 504,537 2449,743 Collateral for F* R. notes held by F* R. Agents: Gold certificates 12 ,34.0 ,000 741 ,000 2970,000 610.000 10^3,000 775,000 660,000 2540,000 375,000 216,000 390.000 256.000 1774,000 Eligible paper 27,964 2,035 9,315 2,705 — 1,359 ....................... 9,220 2,330 U.S.Govt, securities 7,822,1*04 600,000 1500,000 700.000 700,000 525,000 500,000 1100,000 562,1*04 225,000 350.000 260.000 800,000 MATURITY DISTRIBUTION OF LOJÎS AtfD SECURITIES Within 16 to 31 to 6l to 91 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 year s Discounts and■advances 36,189 15,629 2,825 5,945 11,790 industrial Loans 10,901 9,832 466 17 201 213 70 71 31 1 016,034 U. S. Govt, securities 14,891,425 1,74.9,562 2,136,115 3,752,075 2,594,076 583,500 2,100,1*61 17 ,800 941,302 , (i nc 1 . gurjr • s c .) . l / After deducting $834*839,000 participations of other .Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283a Released for publication Friday morning, August J4, 19kb; not earlier, STATEMENT QF COWDIIION JF THE T.TELVE FSDERUi.HESEjBnS iLlvKS CCH3INED (In thousands of.dollars) Increase or docroase since Aug. 2, July 26, Aug. 4, I9bh 1944 1943 A S S E T S Gold certificates on hand and due from U. S. Treasury '18,423,620 + 24,495 -1,684,596 Redemption fund - F. Rm notes 412,185 - 13,550 + 357,762 Other cash 279,731 - 10,573 61,007 Total reserves :19,115,536 + 372 -1,337,841 Discounts and advances 36,139 996 13,669 Industrial loons ic ,901 + 152 925 U. S* 'aovt. securities: Bills 9,047,128 +119,911 +4,172,238 Certificates 3,381,990 +2,290,290 Notes 1,119,571 - 13,500 + 396,171 Bonds 1,342,7.36 - 17,200 - 132,612 Total U. S. Govt• securities ~~ (incl .vguar. see,;) 14,891,425 + 89,211 +6,726,087 Total loans and securities 14,938,515 + 33,367- +6,743,331 Due from foreign banks ; 136’ + 2 F. R. notes of other banks 34,634 - -4,764 + 22,032 Uncoil or; tod items 1,691,621 + 70,370 ♦ 73,917 Bank premises 34,617 43 4,014 Other assets 63,086 - .1,515’' + 776 TOTAL ASSETS ' 35,928,145 +152,782 +5,453,703 L I A B I L I T I E S Federal Reserve notes 19,165,021 +169,734 +4,732,195 Deposits: Member bank-reserve account 12,884,227 + 91,634 + 543,149 U • S. Tro a su re r■* gene r al a c <? ount 260,693 -142,000 136,886 Foreign 1.431,317 + 16,596 + 184,372 Other 339,587 - 18,767 - 63,637 TotdL deposits 14,915,329 - 52,537 + 531,943 Deferred availability iteftis 1,331,752 + 34,077 + 156,509 Other liabilities including accrued dividends 6,916 630 + 1,146 TOTAL LIABILITIES 35,469,513 +1.50,61)4 +5,421,793 C A~ P I T A L “A G C 0 U N T S Capital paid in 159,252 70 + 10,273 Surplus .(Section 7) 138,097 + 27,686 Surplus (Section 13b) 26,965 + 136 Other capital accounts 34,313 + : 2,068 6,195 TOTAL- LIABILITIES AND ^JPITaL ACCOUNTS 35,926,14:5 +152,782 +5,453,703 Ratio of’ total reserves to deposit 56*13 ,2% 15.1# and F. R* note, liabilities combined Commitments to make industrial loans 3,920 + 272 7,916 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 AUGUST 2, 1944. (In thousands of dollars) A S S E T S Total Boston Now York Phi la. Cleve. Sich. Atlanta Chicago St.Louis Minn. Ks.n13.Cy. Dc.llc.3 SanFr‘.n. Gold certificates on hand and duo from U.S.Treasury 18,423,620 1002,441 4834,173 904,435 1465,988 938,793 917,566 3559,669 609,534 365,339 : 66?,225 554,607 2573,845 Redemption fund-F. R.notes i;12 ,185 27,722 81* ,503 35,175 35,333 27,755 25,513 55,433 23, ^80 11,436 17,416 12,917 co 900 Othor cash 279.,731 -19,523 69,434 22,753 21,870 17,070 20,593 40,627 12 ¿5 4 ■< I.C'.X 13 >'4.2 P ! ^ • 27,105 Total res rves 19,115,536 1g49,686 4988,165 962,363 1523,196 1033,618 963,677 3655,779 650,508 383,228 698 ,083 555,950 2651,¿43 Discounts and advances 36,189 2,03k 9,815 2,705 1,859 2,925 4,800 9, 220 ----— 2 ,330 ------ 500 Industrial 1onns 10,901 1,533 89 4,521 350 175 33 ------ 205 25 ------ 3,970 U. S* Govt, securities: Bills 9,047,128 502,060 3173,204 613,155 680,1*91 4oi ,868 361t,255 1350,285 377,956 195,553 347 ,153 266,11-12 769,751 Certificates 3,331,990 256,128 711.421 278,075 378,012 222,904 207,229 376,582 163,274 100,1:39 176,472 152,577 556,877 Notes 1,119,571 84,788 235,510 92,055 125.137 73,790 68,602 124,664 54,043 33,250 53,415 50,508 118,801 Bonds 1,342,736 101,639 282,454 110,404 150,080 58,493 32,276 149,514 64,822 39,878 70,063 60,576 142,482 Total U. S. Govt, securities (incl^ 3uar_. sec*) 14,891,425 944,665 44o? ,539 1093,689 1353,720 787,060 722,362 2001,045 660,100 369,100 652,111 550,073 1389,911 Total loans and securities 14,938,515 948,233 14417,493 1100,915 1334,070 .789,094. 725,320 2005,845 669,320 369,305 65Ü ,1*66 '530,073 1394,331 Due from foreign banks 136 10 1/ 49 12 12 6 4 17 4 3 4 4 11 F.S.notes of other banks 84,634 l,66o 13,644 3,614 3,007 8,773 6,906 3,855 5,56c 4,84? 5,602 3,139 19,022 Uncollected items 1,691,621 119,703 377,009 104,852 175,973 121,6?2 92,307 274,101- .64,151 33:574 30,570 58,196 139,533 Bank premises 34,617 1,633 8,983 3,516 4,148 2,337 1,629 2,906 2 ..039 l .264 2,693 94c 1 >979 Other assets 63,086 4,520 12,457 4,687 7,379 4.457 3,707 7,549 1,872 3,274 2 ì764 7,130 . 3 ,?$o total assets 35,928,11+5 2125,445 9817,300 2179,959 3047.785 1960,512 1793,550 5955,052 1394,912 79.4.-093 1444,692 1151,046 4263,299 l / After deducting $87,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis