H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F* R* 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Saturday morning, Feb* 21±; of the Federal Reserve System not earlier* February 23, 19^5* CONDITION OF THE FEDERAL RESERVE BANKS During the week ended February 21 member bank reserve balances decreased $23j000,000* Reductions in member bank reserves arose from increases of $119,000,000 in money in circulation and $2lj.,0Q0,000 in nonmember deposits and other Federal Reserve accounts, offset in part by an increase of $85,000,000 in Reserve Bank credit and decreases of $5,000,000 in Treasury cash and $30,000,000 in Treasury deposits with Federal Reserve Banks, Excess reserves of member banks on February 21 were estimated to be approximately $900,000,000# Holdings of loans, discounts and advances increased $6Lj.,000,000 and of United States- Government securities $50,000,000# The increase in holdings of United States Government securities resulted from an increase of $80,000,000 in bills and decreases of $12,000,000 each in certificates and bonds and $6,000,000 in notes. Changes in member bank reserve balances and related items during the week and the year ended February 21, l9i±5, were as follows? Increase or decrease since Feb* 21, Feb* lk, Feb, 23, 1945 1945 19U (In millions of dollars) U, S, Government securities 19,231 + 50 +7,415 Loans, discounts and advances 298 4’ 6k + 241 Other Reserve Bank credit 474 — 28 + 107 Total Reserve Bank credit 20,003 + 85 +7,763 Gold st6ck 20,506 - 1 -1,236 Treasury currency 4,124 mm 4» + 34 Member .bank reserve balances 13,999 - 23 +1,890 Money in circulation 25,652 + 119 +4,956 Treasury cash 2,384 5 + 48 Treasury deposits with F#R* Banks 517 - 30 - 129 Nonmember deposits and other F*R, accounts 2,032 + 24 - 202 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form R. 263c STATEMENT OF CONDITION OF' TIES FEDERAL REOEKVE 3i-NES OF FEBRUARY-21» 1945 (In thousands of dollars) L I A B I L I T I E S Total Boston- New York Phila* Cleve. Rich. Atlanta Chi*cago ,3t.Louis Minn* Kans.Cy » Dallas SanFran* Federal Reserve notes- 22,065,1601393,233 4,928,939145.9,0881927,0371494,625 1292,897 4059,916 959,712 431,841 305,714 545,501 2746,607 Deposits« Member bank-reserve acct .13,999,223 641,658 4,509,977 683,971 1092,751 588,096 624,577 2099,014 529,973 306,320 636,151 607,657 1678,583 U*3•Treasurer-general acct. 510*57.1 35,629 162,086 42,111 50,333 35»109 12,591 54,420 18,308 37,695 23,092 19,678 2h,m Foreign 1,291,192 85,971 li 493,329 109,622 108,377 52,519 45,600 161,942 37,371 28,651 37,371 37,571 94,763 Other 380,896 ,4.105 : 289,286 4,843 8*635 3,190 3,662 4,077 10,743 1,357 4,133 3,074 43,306 Total deposits 16,187,887 767,563 5,455,178 840,552' 1260,146 678,774 684,450 2519,453 596,895 375,001 700,747 667,780 18-41,368 Deferred availability items 1 ,509,781+ 121,547 308,987 87,457 1144,057 107,740 101,185 220,149 68,302 28,032 .82 ,o44 56,839 182,145 Other liabilities includine: accrued dividends 8,803 706 2,255 624 357 419 395 1,538 323 258 317 357 904 _ TOT.iL LIABILITIES 59,771,639 2273,01+9 10,695,359 2307,721 3352,147 2281,558 2078,907 6600,906 1605,737 385,932 1533,022 1270,477 4771,024 Capital paid in 166,215 10,153 59,751 12,1*40 16,692 0,622 6,003 19,765 5,277 3,647 5,329 5,552 14,984 Surplus (Section 7) 228,153 15,239 84,903 19,872 19,071 7,813 7,936 55,201 7,048 4,950 6,196 6,025 15,899 Surplus (Section 13b) 27,165 2,680 7,143 4,468 1 »0u 3,290 762 1,429 527 1,073 1,137 1,307 2 ,142 / Other capital accounts 78,701 4,620 15,467 5,634 9,535 5,173 4,545 11,549 4,211 5,631 3,933 j » >-¡-9 7,004 TOTAL LIABILITIES AND CAPITAL ACCOJNTS 40,271,873 2305,941 10,862^623 2430,165-3578,452 2304,456 2098,153 6666,650 1622,800 899,235 1605,417 1266,910 4011,055 Commitments to make industrial loans 3.182 I — 2,314 20 4oo - — .55 — — 595 F, notes outstanding 22,673,463 1422,682 5,066,525 1482,809 1970,628 1522,541 1343,591 4158,914 971»436 489,057 826,530 579,116 2859,334 Collateral for F. R. notes held by F. R. /.gents: Gold certificates 10,836,350 610,000 3,045,000 633,000 822,000 615,000 (505,000 1960,000 375,000 183,350 320 ,000 21*4,000 1424,000 Eligible paper 257,34o 11,075 • 153,500 11,750 ---- 6,800 ! — 28,500 15,850 29,865 ---- ----- • — U*S.Govt . securities 12,057,92-5 810,000 . 2,090,000 850,000 1150,000 950,000 /75O1OOP 220*0,-000 667,925 310,000 52*5,000 . 345,000 1500,000 MATURITY DISTRIBUII «T'OF Li AND S'«CURITIBS Within 16 to 31 to -• 61 to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 diays 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 294,055 237,430 10,265 16,310 29’*550 — - ---- Industrial loans 3,933 3,422 1 30 k 8 5I8 ---- ---- U. S. Gove rnment securities ’ 19,231,317 2,777,230 1;,976,278 4,817,286 4,094,231 i ,286,44o .2,504,500 343,200 619,802 812,350 l/ After deducting $794,761,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R, 233a Released for publication Saturday morning, February 2i|f 19^5;'not earlier* STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Feb. 21, Feb. 14, Feb. 23, 1945 19U5 19U4 A S S E T S Gold certificates 17,693,565 - 1,000 -1,617,210 Redemption fund - F# R. notes 626,073 + 932 + 362,282 Other cash 266,659 - 5,354 69,592 Total reserves 13,586,597 - 5,422 -1,324,520 Discounts and advances 294,055 + 63,550 + 247,552 Industrial loans 3,933 + 110 6,184 U* S. Govt, securities: Bills ll,6l6,4o4 ♦ 30,253 +5,052,366 Certificates 4,917,140 - 12,000 +2,244,400 Notes 1,559,721 - 6,000 + 663,521 Bonds 1,138,052 - 12,320 - 545,174 Total U, Sf Government securities 19,231,317 + 49,933 +7,415,113 Total loans and securities 19,529,375 +113,593 +7,656,481 Due from foreign banks 116 20 F* R. notes of other banks 72,916 + 5,o64 2,000 Uncollected items 1,983,660 -233,923 + 294,09^ Bank premises 34,453 - ' 18 637 Other assets 64,771 + 1,331 3,062 TOTAL ASSETS 40,271,873 -119,380 +6,620,335 L I A B I L I T I E S Federal Reserve notes 22,065,160 +114,674 +4,S78,563 Deposits: Member bank w reserve account 13,999,228 - 22,706 +1,890,031 U. S, Treasurer - general account 516,571 - 30,672 - 129,717 Foreign 1,291,192 + 19,983 - 300,569 Other 380,896 + 3,518 + 28,747 Total deposits 16,187,387 - 29,877 +1,488,492 Deferred availability items l, 509,734 -205,861 + 186,874 Other liabilities including accrued dividends 8,808 + 224 + 1,872 TOTAL LIABILITIES 39,771,639 -120,340 +6,555,301 C A P I T A L A C C O U N T S Capital paid in 166,215 + 169 + 10,066 Surplus (Section 7) 228,153 + 40,056 Surplus (Section 13b) 27,165 + 200 Other capital accounts 73,701 + 1,291 + 14,212 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 40,271,873 -119,330 +6,620,335 Ratio of total reserves to deposit and F* R. note liabilities combined 48.$ ♦ I/O - 13,8% Commitments to make industrial loans 3,182 326 6,762 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

f’cr;: F. R. 283b STATEMENT OF COI-TDITION OF TiîE FEDERAL RESERVE BANKS ON FEBRUARY 21, I9U5 (In thousands of dollars) A S S E T S Total Boston New York « Phila. ' Clove. , -Rich. Atlanta. Chicago St.Louis Minn. Kans^Cy. Dallas San Fran* Gold certificates 17,093,865 "907,562 5,116,040 969,09a 1330,417 929,108 958,617 3096,495 641,984 361,726 624,884 510,264 2247,670 Redemption fund-F.R.notes 626,073 - 41,351 • 104,46o 42,905- 57,514 48,793 37,593 110,125 32,516 15,738 25,575 18,552 90,951 Other cash ^ 266,659 '.'22,822 63,976 20,101 23,962 15,799 22,241 30,360 13,187 5,398 12,802 9,477 26,534 Total rbservts 18,586,597 971,735 5,234,476 1032,104 1411,393 993,700 1018,451 3236,980 .687,637 382,862 663,261 533,293 2365,155 Discounts and advances 294,055 11,075 153,500 1-1,750 19’» 650 6,300' ■700 16,050 .28,500 15,850 29,865 235 30 Industrial loans 3,983 195' ’ 10 2,318 308 120 19 - - ---- - - 25 - - 433 U* S* Govt* -securities* Bills - ll,ql6,4o4 648,337 3,062,716 683,686 1008,126 658,943 562,886 2039,227 456,246 250,348 419,811 347,046 1429,032 Certificates 4,917,140 338,078 1,223,193 372,273 467,109 315,117 248,564 644,208 .231,053 132,944 24l,6l4 204,676 498,311 Notes 1,5^,721 107,239 387,998 118,085 148,169 99,955 73,845 204,342 73,290 42,168 76,640 64,925 158,065 Bonds 1,138,052 78,247 283,103 36,161 108,112 72,932 57,530 149,098 '53,476 30,768- 55,920 47,373 115,332 Total U.S. Government _ - - * . securities 19,231,317 1171,901 4,957,010 1260,205 1731,516 1146,947 947,825 3036,875 914,065 456,228 793,985 664,o2o 2200,740 Total loans and securities 19,529,355 1183,171 5,110,520 1274,773 175U474 1153,867 948,544 3102,925 842,565 472,078 823,875 664,305 2201,258 Due from foreign b-anks 116 9 1/29 12 12 6 5 18 4 3 4 4 10 F.R.notes of other banks 72,916 3,201 1?, 617 2,232 3,374 7,490 7,993 9,088 5,403 1,329 4,167 3,4oo . 12,122 Uncollected items 1,983,660 141,945 431,129 113,081 201,315 142,398 118,071 305,625 81,756 39,492 108,107 77,193 223,548 Bank premises ‘34,458 1,605 3,876 3,445 4,082 2,838 1,606 3,167 2,110 1,249 2,655 894 1,931 Other assets ' 64,771 4,275 14,976 4,538 6,302 4,157 3,483 -8,847 3,275 i,72o 3,348 2,821 7,029 TOTAL ASSETS 40,271,873 2305,941 10,862,623 2430,185 3379,¿*52 2304,456 2098,153 6666,650 1622,800 899,233 1605,1417 1286,910 4311,053 l/ After deducting $37,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis