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. Mar, 2; of the Federal Reserve System not earlier* March 1, 1945 CONDITION OF THE FEDERAL RESERVE BANKS . During the week: ended February 28, member bank reserve balances increased $229,000,000. Additions to member bank reserves arose from an increase- of $155*000,000 in Reserve Bank credit and decreases of $27,000,000 in'Treasury cash, $57,000,000 in Treasury deposits with Federal Reserve Banks and $91,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by an increase of $98,000,000 in money in circulation. Excess reserves of member banks on February 28 were estimated to be approximately $900,000,000. Holdings of loans, discounts and advances increased $27,000,000 and of United States Government securities $208,000,000. The increase in holdings of United States 'Government securities' resulted from.an increase of $214,000,000 in bills and a decrease of $6,000,000 in bonds. Changes in member bank reserve balances and related items during the week and the year ended February 28, 1945, were as follows» Increase or decrease since Fob. 28, Fob. 21, Mar. 1, ___1945 1945 1944 (In millions of dollars) lit S. Government securities 19.439 > ;+ 208 + 7,615 Loans, discounts and advances 325 27 + 273 Other Reserve Bank credit 39b «*• 80 + 23 Total Reserve Bank credit 20,158' : + 155 ' + 8,116 'Gold stock 20,506 ---- - 1,206 Treasury, currency 4,123 - 1 + 32 Member bank reserve balances 14,228 + 229 + 1,848 Money in circulation 25,750 + 98 + 4,927 Treasury cash . . 2,357 - 27 + 7 Treasury deposits with F* R* Banks 46o - 57 + 320 Nonmember deposits and other F.R. accounts 1,991 - 91 - 161 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forffl F« Rm 2830 STATEMENT OF CONDITION OF THE FEDB-LiL SSSEiiTE BAIL'S 0» FEBRUARY 28, 19^5 (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 Idinn.. Kans .Qy . Dallas S&nFran. Federal Ré.serve notes 22,l62,307- 1388,486 4,938,427 1462,262 1933,544 1500,118 1307,313 4067,363 944,602 483 Moo 317,540 556,046 2762,906 Deposits: iuember bank-reserve acct.ll; ,223,453' 646,329 4,616,672 691,385 1039^921 596,256 626,452 2141,990 524,242 313,722 61+2,473 653,143 l68c,863 U.3»Treasurer-general acct. 460,184 38,696 190,105 25 ,003 3l4,6l6 23,979 21,310 ' l.'5,472 16,352 24,200 20,36c 433 20,892 Foreign 1,191,796 78,119 1/462,507 100,341 99,201 47,890 39,903 1143,231 34,207 26,22c 34,207 34,207 86,752 Other 339 ,096 5,532 299,413 4,331 3,475 2 ,068 4,501 4,210 1G,600 1,839 4,492 5,332 39,353 Total deposits 16,269,529 760,926 5,568,697 321,610 1232,213 670,193 691,971 2537,905 5o->,£?01 360,097 702,04? 696,115 lü20,560 Deferred availability items 1,490,513 117,207 205,656 88,036 169,293 106,223 91,753 222,121 67,540 ■ 29,729 80,610 55,216 177,079 Other liabilities including 8,609 766 2,131' 582 369 384 371 1,3^3 323 241 354 255 918 accrued dividends . TOTdL LIABILITIES 39,930,963 2275,337 10,794,961 23?2 »540 3335,919 2276,918 2091,413 6629,250 1597,366 379,46? 1600,347 1307,652 4769,263 Capital paid in 160,507 10,157 59,794 12 ,52l* 16,707 6,730 6,016 19,769 5,202 3 ,649 5,341 5,552 14,986 Surplus (Section 7) 228,153 15,239 84,903 19,b72 19,071 7,81? 7,936 35,201 7,043 4,950 6,196 6,025 15,899 Surplus (Section 13b) 27,165 2,380 7,143 1. I « 1,007 3,290 762 1,429 527 1,075 1,137 1,307 2,142 Other capital accounts 80,817 4*784 15,906 5,81? 9,703 5,266 4,645 11 ,000 4,328 5,632 4,052 3,619 7,131 » TJT.iL LIABILITIES iMD CAPIIAL ACCOUNTS 4&*433,605 2308,1(47 10,962,707 2415,21? 5332,407 2300,017.2110,772 6695,537 1615,051 692,821 1617,073 1324,135 4309,421 Commitments to make industrial loans 3,547 — 2,479 20 400” — 55 ---- — — 593 F. R. notes outstanding 22>749,849 1418,812 . 5,105,031 1493 ;2?6 1973,172 1526,599 1347,345 4i4o,3i8 974,146 490,504 832,616 535,075 2857,455 Collateral f^r F. R. notes held by F. R. Agents: Gold certificates 10,896,350 610,000 3,070,000 61;. 3 ,000 832,000 615,000 605,000 1960,000 375,000 183,350 320 ,000 259,000 1424,000 Eligible paper 292,895 13,900 . 190,500 12,230 9,175 25,700 ' 13,950 22 ,440 — ---- U.S.Govt, securities 12,044,135 810,000 2 ,000,000 850,000 1150,000 950,000' 750,000 2200,000 6'54,135 310,000 525,000 345,0001500,000 MATURITY DISTRIBUII jN OF LOINS .'JND SECURIT1:es vïithin 16 to 31 to 6 i 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 ¿ears years 5 years Discounts and advances 320,776 254,730 12,915 16,610 36,521 ....”.aa> — ---- ---- Industrial loans 3,801 3,104 3 32 6 9 6U7 — - ---- ---- U. S. Government • securities 19,439,319 •2,952,480 1,904,821 4,861,505 4,160,201 1236 ,¿¡40 2,504,500 31*3,200 619,802 806,370 1/ After deducting $727*1+73*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, March 1945, net earlier. •STATEMENT OF CONDITION OF THE TWELVE' FEDERAL RESERVE BANKS'COhBINED ( In ,thousands Of dollars) Increase or decrease since Feb. 28, Feb. 21, Mar, 1, 1945 1945 19W* A S S E T S Gold certificates 17,724,365■ ' + 31,000 -1,573,705 Redemption fund - i\ R. notes 620,310 - 5,263 + 373,668 Other cash 264,374 2/285 ' - - 84,282 Total reserves 13,610,049 ’■+ 23,452 -1,284,319 Discounts and advances '320,7.76- ,.+ 26,721 + 283,666 Industrial loans 3,801 182 - ’ 6,118 U. S* Govt# securities*« - Bills 11,830,386- '+213'982' +5',483,335 Certificates 4,917,140 _ - +2,220,900 Notes 1,559,721 - - + 365-, 021 Bonds 1,132,072. - 5,980 - 554,399 * Total U. S# Government * securities 19,439,319 +208,002 +7,314,857 Total loans and securities 19,763,896 +234,5^1 +8,092,405 Due from foreign, banks 116 - - 20 F. R. notes of other banks 73,353 + 942 659 Uncollected items 1,834,559 - 99,101 + 153,076 Bank premises 34,397 61 625 Other assets 66,730 + 1-,95? -• 3,o4o TOTAL ASSETS 40,433,605 +161,732 +6,961# 818 L I A B I L I T 1-E‘S ♦ Federal Reserve notes 22,162,307 + 97,147 +4,823,362 Deposits: Member bank-reserve account 14,228,453 +229,225 +1,848,717 U. S. Treasurer-general account 460,184 - 56,337 + 320,129 Foreign 1,191,796 - 99,396 - 382,680 Other 389,096 + 8,200 + 149,030 Total deposits ■ 16,269,529 + 81,642 +1,935,196 Deferred availability items*' -1,490 > 51,8 - 19,266 +. 134,681 Other liabilities including accrued dividends 8,609 m 199 ■+ 2,536 TOTAL"LIABILITIES «• t 39,930,963 +15? >324 +6,395,775 * c a p i t a l a c c o u n t s Capital paid in 166,507 + 292 + 10,197 Surplus (Section 7) 228,153 — + 40,056 Surplus (Section l$h) . 27,165 - - ■ + - 2oo Other capital accounts 80,317 + *2;ii6‘ + 15,990 TOTaL LIABILITIES AND CAPITAL ACCOUNTS 40,433,605 +161,732 ' +6,961,818 Ratio of total reserves to deposit and F.R. note .liabilities combined 48.4% - .2% - 14.4?; Commitmt-nts to make industrial loans 3,547 + 4 165*' 6,761 ♦Feb. 21 figure revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 28, 1945 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve, Rich, Atlanta Chicago St*Louis Minn. Iians.Cy. Dallas SanFran. Gold certificates 17,724,865 881,146 5,015,325 959,710 1340,695 942,499 960,084 3160,042 640,919 354,956 649,966 545,252 2274,271 Redemption fund-F.K.notes 620,810 4l,l62 103,675 43,165 57,810 47,537 38,235 109,892 32,424 15,705 27,483 18,462 85,260 Other cash 264,374 22,780 64,117 19,874 22,203 15,535 24,032 30,331 13,051 5,435 12,370 8,767 25,779 Total reserves 18,610,049 945,083 5,183,117 1022,749 1420,708 1005,621 1022,351 3300,315 666,394 376,096 689,819 572,481 2385,310 Discounts and advances 320,776 13,900 190,500 12,230 17,350 9,175 2,200 7,950 25,700 13,950 22,440 381 Industrial loans 3,801 19k 10 2,656 308 120 - - mm mm 25 • — 488 U. S. Govt, securitiess Bills 11,830,386 689,479 3,248,945 677,455 992,581 655,968 577,790 2074,075 456,369 :247,772 427,382 356,875 1425,695 Certificates 4,917,140 338,062 1,223,212 372,265 467,080 315,125 248,563 644,232 - 231,054 132,934 241,617 204,-675 498,321 Notes 1,559,721 107,232 389,002 118,083 148,160 99,958 78,846 204,352 73,290 42,167 76,640 64,923 158,068 Bonds 1,132,072 77,831 281,619 85,707 107,537 72,551 57,227 148,322 53,19? 30,605 55,627 47,122 114,729 Total U. S. Government securities 19,^39,319 1212,604 5,141,778 1253,510 1715,358 1143,602 962,426 3070,981 813,908 ,453,478. 801,266 673,595 2196,813 Total loans and securities 19,763,896 1226,698 5,332,288 1268,396 1733,016 1152,897 964,626 3078,931 839,608 ;472,428 823,731 673,976 2197r301 Due from foreign banks 116 9 1/29 12 •12. 6 5 18- •4 3 4 4 10 F.R. notes of other banks ! 73,850 2,392 lT, 660 3,165 3,407 7,831 . 9,766 9,^97 5,223 2,170 . 3,407 - 2,785 12,335 Uncollected items .1,884,559 128,149 411,444 112,864 214.555 126,609 108,870 • 294A56 • ?8,290 •39,112., .93,927 71,178 205,405 Bank premises 34,397' 1,601 8,858 3,433. 4', 082 2,838 l,6o4 3,161 2,105 1,249 2,655 886 1,925 Other assets 66,730 4,510 15,311 4,598 6,627 4,215 3,530 9,25? 3,427 1,763 3,530 2,825 7,135 total assets 40,433,605 2308,447 10,962,707 2415,217 3392,407 2300,017 2110,772 6695,537 1615,051 892,821 1617,073 1324^135 4809,421 l/ After deducting $87,000 participation of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis