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, Aug. 11; of the Federal Reserve System not earlier. August 10, I9I4I1. CONDITION OF THE FEDERAL RESEkVE'BANKS During the week ended August 9 member bank reserve balances decreased $74,000,000. Reductions in member bank reserves arose from increases of. $176,000,000 in money in circulation, $226,000,000 in Treasury deposits with Federal Reserve Banks and $22,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $4,000,000 in Treasury currency, offset in part by an increase of $355,000*000 in Reserve Bank credit. Excess reserves of member banks on August 9 were estimated to be approximately $1,000,000,000, There was an increase of $331,000,000 in holdings of United States Government securities: bills increased $352,000,000; while bonds decreased $16,000,000 and notes $5,000,000* Changes in member bank reserve balances and related items during the week artd the year ended August 9, 1944» were as follows¡, Increase or decrease sinoe Aug. 9, Aug, 2, Aug. 11, 1944 I944 1943 (In millions of dollars) U. S. Govt, securities (incl. guar. sec.) 15,222 +331 +6,905 Loans, discounts and advances 72 + 25 + 36 Otfcer Reserve Bank credit 309 - 1 - 56 Total Reserve Bank credit 15,604 +355 +6,886 Gold stock 20,996 -1,310 Treasury currency 4,108 - 4 + 17 i- Member bank reserve balances 12,810 - 74 + 354 Money in circulation 22,910 ♦176 +4,809 Treasury ca'sh 2 ,340 + 1 + 59 Treasury deposits with F. R, Banks 437 +226 + 192 Nonmember deposits and other F.R. accounts 2 ,l6l + 22 + 179 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. K. 283c STATEMENT OP CüNDITIOK OF THE FEDERAL RESERVE BANKS ON .AUGUST 9 » • l9kU- (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 . Ç y. Dallas San Fran, Federal Reserve notes; 19>331*776 1255,185 1*229,933 1282,295 1708,236 125l*,5öo 1118,771 3572,51+7 813,696 1+25,^12 716,277 1*81,531 21*03,395 Depositst - Member bank-reserveaçct. 12,809,601 - 59i+,832 1+175,1+82 636,2 5^ 100l+,026 525,396 550,101+ 1931,775 1*53,21+1+ 280,381 611,588 571,102 11*75,1+17 U.S.Treasurer-general acct. 1j.37#u96 27,812 203,973 1+6,113 1+0,156 17,231+ ll+,771 38,029- 13,953 21+, 278 19,221 5,031* 36,922 Foreign 11*1+6,333 100,058 5l+l+,7l+9 130,273 126,025 56,61*0 1+5,312 175,585 1+3,896 31,117 1+1,061+ 1*1,06I* 110,550 Other 31+3,71*9 l+,926 261,327 6,316 6,667 2,231 2,570 l+,633 9,183 2,352 2,381 -3,888 37,275 Total deposits 15,087,179 727,628 5185,531 818,956 1176,871+ 601,501 612,757 2150,022 ' 520,276 333,128 6?U,25U 621,088 1660,161+ Deferred availability items 1*233,75J4 93,737 21+0,315 78,796 118,852 89,160 67,203 189,1+1+5 •50,972- 27,702 71,316 1+6,720 153,536 Other liabilities including accrued dividends ,.9,919 2,809 2,209" 532 782 302 657 1,115 266 200 262 216 . 569 TOTAL LIABILITIES 35,662,630 2079,359 9727,938^2180,579 300i*,7l*i* 191+5,1+63 1799,388 5913,129 1391,210 791,^2 11*62,109 111+9,555 1*,217,661* Capital paid in 159.352 9,91+7 58,155 12,123 16,237 6,382 5,717 18,851 i+,888 3,1+60 5,158,- 5,012 13,1+22 Surplus (Section 7) 188,097 13,20*6 70,0ia 17,.859 16,026 5,236 5,725 26,1+90 6,330 3,669 kr 551+ ‘ 1*, 831 11*,159 Surplus (Section 13^) 26,965 2,8.71+ 7,092 1+,1+21 1,007 3,290 71+9 1,1+29 530 1,000 1,137 1,307 2,129 Other capital accounts 85,135 * 1+, 789 19» 72I+ 5,710 10,125 5,901 5,209 12,1+76 3,679 l+,259 l+,33l+ 3,770 5,209 TOTAL LIABILITIES AND : - CAPITAL ACCOUNTS 36,122,229 2110,175 9882,971 2220,692 301+8,139 1966,272 1816,783 5372,375 11+06,637 803,830 11*77,292 il61+,l+75 1+252,583 Commitments to make *• industrial loans ■ l*,0l*0 275 8 1,996 50 335 — — 1+8 — — — 773 F. R*. notes outstanding 19,910,1911 1291,513 1*1+65,281* 1323,51+5 171+1,1+03 1232,232 II57;57P 3626,097 31+7,059' 1+33,109 73I+, 128 509,1+77 21*93,777 Collateral for;;F. R. notes - ■ • • held by b\ R. Agents: 12,323,000 71+1,000'2820, 000 627,000 91+9,000 775,000 660,000 25140,000 ; 375,000 216,000 390,000 256,000 1771,000 Gold certificates 52,975 . 2,285 3I+, 675 3.I70 - - 2,21*5 - - 8,170 — 2,1*30 - - ---- Eligible paper 3,101,881* 600,000 1700,000 700,000 300,000 525,000 500,000 1100,000 51+1,831+ 225,000 350,000 260,000 800,000 U. S. Govt. securities MATURITY DISTRIBUTION OF LOANS AND SECURITIES t 1 Within- 16 to 31 to 61 to 9I days to 6 months 1 to 2 2 to 5 Over Tota] , Ì5 Says 30 days 60 days 90 days 6 months to 1 ;yrear years years 5 years Discounts and advances‘ 61,61*5 1+1,110 a, 530 5,865 12, il; 0 — — — — — Industrial loans 10,771* 9*03*7 1+60 17 221 210 70 70 31 U. S. Govt, securities * (incl. guar, sec.) 15,222,312 1,976,1+85 2,212,286 3,699,509 2,695,6!+5.” 533,500 2,100/1+61 17,300 936,502 1,000,12 1/ After deducting $900,583,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F# R. 293a Released for publication ,Friday morning, August* 11, earlier* SXATEIvlENT OP CONDITION • OF TIE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Aug, Aug. 2,. Aug. # 1 1 I9hh 19bh 19^3 i A S S E T S Gold certificates on hand and due from U. S* Treasury I8.iii7.365 - 6,255 -1 ,651,81+9 Redemption fund - r\ K, notes * 1+16,71+$ + 14,565 31^4,79.1 Other cash 273,331 - 6 ,l+oo - ' '60,650 Total reserves 19.107.1M - 8,092 -1,367,708- Discounts and advances" 61,6/45 ♦ 25,1+56 + ;37 ,1+15 Industrial loans 10.771+ 127 ■ ; 913 U* S# Govt, securities? Bills 9,399,225 +352,097 +1*, 372,337 Certificates 3,361,990 «• +2,;290,290 «>«1» .Notes 1,1114,271 5,3PO, + 590,871 T Bonds 1,326,326 15,910 11+8,522- " Total Uf S. Govt, securities ^ ^nc^# guar» sec',)". 3-5,222,312 +330,887 i90l*,97o +6 Total loans and securities 15,2911,731 +356,216 *6;,91+1,1+78 Due from foreign banks 136 •P.-.» + 9 F. R. notes of other banks 73,250 - 6,381+ ; 15,880 + Uncollected items 1,51+3,01+7 -11+3,571)- + » 21,927 Bank premises 314,617 1+*015 Other assets 61+,ool+ 918. 1,057 + TOTAL ASSETS * 36,122.225 +191+.081+ +5,608,628 L I A B I L I T I E S Federal Reserve- not^s 19,331,778 +166,757 +14,809,331+ Deposits: I:ember bank - reserve account 12,809,601 71+.626 35-3,797 - U«S*Treasurer - general account I+87,1+96 +226,798 + 192,030 Foreign 1M6.333 + 15,016 + 17l+,192 Other .31+3,71+9 + ¿4,162 - 35,1+05 Total deposits 15,087,179 +17-1,550 6£i+,6ll+ Deferred availability items 1,233,751+ -11*7,998 f + 77,716 Other liabilities including accrued dividends- ' ! ;9,919 - + 3,003. + 1+.373 TOTAL LIABILITIES 35,662,630 +193,112: ’ +5,576,087 C A P I T A L A C C 0 U N T'S Capital paid in 1.59,352. + . ^100 . + 10,330 Surplus (Section 7) *88,097 " —- 1 + • 27,686 Surplus (Section 13b) .'26,965 — * 1 136 Other capital -accounts •85,185 + 872 • - 5,611 TOTAL ‘LIABILITIES aND'CAPITAL ACCOUNTS 36,122,229 +19I+ ,08li.' +5,608,028 Ratio of total reserves to deposit and F# R* note liabilities combined 55.5^ - .6% -15,3?; Commitments to^make industrial loans l+.ol+o + 120 - 7,91+6 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fçïrm F. H, 283'u STATEMENT'OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 9, I9U; (In thousands of dollars) A S S E T S Total • Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Gy. Dallas SanyFraja, Gold certificates on hand and due from U.S,Treasury 18,1+17,365 1000,693 l+65l+,98l 930,939 11+51,0201009*1+87 91+0,055 3569,1+85 636,392 370,352 713,91+8 51+3,370 2596*61+3 Redemption fund-F,R,notes 416,7m-8 27,651 81+¿256 35 *555 1+0,500 2 7,093 25,1+12 55,381 28,51+7 11,1+77 17,391 13,391 50,091+ Other cash 273,331 18,999 68,81+1 21 ,l+8o 23,1+91 ll+,828 19,515 38,759 12,1+97 6,120 13.187 8,237 27,377 iotal reserves 19,107 ,W+ 101+7,3^+3 1+808,078 987,971+ 1515,0111051,1+08 981+,982 3663,625 677,1+36 387,91+9; 7I+I+ »526 561+.99S 2671+*111+ Discounts and advances 61,61+5 2.265 3i+,675 3,170 14+5 2,21+5 2,925 l+,800 8,170 2 ,li30 500 Industrial loans 10,77¿+ 1,530 89 i+,367 36b I7I+ 33 — 222 25 3.970 U. S, Govt, securities: Bills 9,399,225 50l+,208 3b70,lb9 623,530 721,639 lf.08,288 367,168 1381 ,lij.8 360,273 197*650 330,1+13 271,91+0 762,819 Certificates 3,381,990 256,15 7H,9l+3 278,063 377*922 222,828 207,080 376,625 163,21+5 100,1+52 176 4+39 152,538 358*730 Notes lAli+,271 81+,385 23l+,56b 91,615 121+,515 73^+16 68,227 121^,086 53,785 33,097 58,133 50,258 118,190 Bonds 1,326,826 100 ,1+82 279,3.09 109,092 • ; 11+8,267 87 ,1+21 81,2l|l 11+7,757 6I4. ,01*1.1 39,1+11 69,222 ;; >59,81+5 11+0,735 Total U# S* Govt. securities (incl* guar, sec.) 15,222,312 9I+5,200 I+695,965 1102,300 1372,3143 791,953 723,716 2029,616 61+1,314.7 3?P,6l0 63l+,207 ,53!+,581 1380,1+71+ Total loans and securities 15*29!+,731. 91+9,015 1+730,729 1109,837 1373,152 79l+,372 726,671+ 203I+4+16 61+9,517 370,832 636,662 ! 53l+,58l 1381+.91+1+ Due from foreign banks . : 136 10 1/ b9* 12 12 6 1+ 17 1+ 3 .. 1+ 1+ 11 F. R, notes of other bank's 78,250 1,321+ 12 ,101+ 2,1+05 2,610 7,960 6,813 8,365 5,360 'b,593 6,200 2,91+9 17,567 Uncollected items 1,51+3,01+7 106,268 310,613 112,168 Ü+5,751 105,059 92,918 255,231+., 68,986 37,272 83*890 58,179 166,709 Bank premises 5b ,617 1,633 8,983 3,516 b, 1I+8 2 ,887 1,629 2,906 : 2r039 •1,261+ 2,693 9I+Ò 1.979 Other assets 6b ,00k ii*582 12,1+15 1+.780 7,1+55 l+,580 3,768 7,812 ■ .3,295 1,917 3,317: 2,82l+ 7,259 TOTAL ASSETS -36,122,229 2110,175 9882,9?1 2220,692 301+8,139 1966,272 1816,788 5972,375 11+06,637 803,830 11+77,292:1^,1+75 1+252,583 1 / A fter deducting $87,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis