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, March 9» P? the Federal Reserve System not earlier, March 8, 19^5 CONDITION; OF THE FEDERAL RESERVE BANKS During the week ended March 7, member bank reserve balances decreased $20,000,000. Reductions in member bank reserves resulted from increases of $lllt,000,000 in money in circulation, $8,000,000 in Treasury cash and $10,000,000 in nonmember deposits and other Federal Reserve accounts and decreases of $52,000j000-in gold -stock, $8,000,000 in Reserve Bank credit‘and $2,000,000 in Treasury currency, offset in part by a decrease of.$172,000,000 in Treasury deposits with Federal Reserve Banks, Excess reserves of member banks on March 7 were estimated to be approximately $900,000,000, Holdings of loans, discounts and advances decreased $17,000,000 and of United States Government securities $89,000,000, The decrease in holdings of United States Government securities resulted from decreases of $89,000,000 in bills and $li93#000,000 in notes and an increase of $1+93,000,000 in certificates. Changes in member bank reserve balances and related items during ,the week and the year ended March 7, I9U5» were as follows; Increase or decrease since Mar, 7# Feb, 28, Mar. 8,- 19U5 ■> 19k 5 I9hb (In millions of dollars) U. S0 Government, securities 19,350 , - .89 + 7,321 Loans, discounts and advances 308 r 17 + 2U6- Other Reserve Bank credit 14.91 + 97 ! +> mit * Total Reserve Bank credit 20,150 3 ♦ 7,712 . Gold stock 20,u5li - 52 - 1,216‘ Treasxiry currency U, 121 2 ♦ 3 1 . Member bank reserve balances 114,208 • -■ 20 1,825 Money in circulation 25,8^4 + 111* ♦ 1^,901 Treasury cash 2,365 + 8 25 Treasury deposits with Ft Rt Banks 288 - 172 19 Nonmember deposits and other FfR.accounts , 2,001 . + .10 • 2143 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Farm F. R. 283.C STATEMENT OF CONDITION OF THE FEDERAL ¡RESERVE BANKS ON MAÖCK 7, 191+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 Minn. Kans.Cy. • Dallas SanFran. Federal Reserve notes 22 ,264,497 1393,915 4,962,586 II+69,085 191+3,009 1508,770 1311,229 i+089,1+82 ' 9l+9,0l+0 1+86,725 820,605 557,213 2772,838 Deposits : Member bank-reserve acct.l)| ,207,791 6^6,228 -4,577,458 700,005 1111,96? 611,331 61+3,51+22131,1+55 51+0,573 3l 6,ll+6 656,689 632 0+14 1639,987 U.S»Treasurer-general acct. 288,549 il* ,27 7 77,208 IUM06 16 M 8,197 9,62-3 56,067 20,575 22,229 20,566 15,782 12,855 Forei gn , 1,206,67k 79,-891+ 1/1+65,357 101,933 100,775 1+8,650 1+0,51+2 150,583 34,750 26,61+2 34,750 34,750 88,048 Other 379,000 4,276 285,01+9 It, 371+ 9,273 2,91+3 l+,l+86 3,950 11,059 1,735 5,770 4,051 42,034 Total deposits 16,081,814 744,675 5,405,072 820,718 1238,555 671,121 693,213 2342,055 606,957 366,752 717,775 686,997 1782,924 Deferred availability i as 1,405,911 110,300 . 307,579 84,-504 124,204 97,713 89,825 213,301 62,084 29,049 83,189 58,712 145,451 Other liabilities inclu accrued dividends 9,186 719 2.,422 632 9l+2 455 494 1,353 343 258 355 296 917 TOTriL LIABILITIES 39„76l,4o8 2249,609 10,677,659 2374,939 3306,710 2278,059 2099,761 6646,191 1618,1+24 882 ^84 1621,924 1303,218 4702,130 Capital paid in .166,647 . 10,163 59,813 12,54? 16,712 6,735 6,028 19,775 5,287’ 3,652 5,347 5,585 15,005 Surplus (Section 7) '228,153 15,239 84,903 19,872 19,071 7,813 7,936 33,201 7 ,ol+8 4,950 6,196 6,025 15,899 Surplus (Section 13b) 27,165 2,830 7,143 4,468 1,007 3,290 762 1,429 527 1,073 1,137 1,307 2,11+2 Other capital accounts .81,702 . 4,821 -16,203 5,882 9,797 5,331 4,695 11,84o 4,361+ 3,710 4,121 3,654 7 ,284 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 40,265,075 .2282,712 10,845,721 2417,708..3353,297 2301,228 2119,182 -6712,436 1635,650 ■896,169 1638,725 1319,789 4742,458 Commitments to make .-industrial loans 3,567 —- 2,461 20 400 ---- 55 ---- ---- — 65I F- R. notes outstanding .22,828,359 1424,393 --5,116,060 1499,665 1980,596 1535,516 1351,554 4i48,403 979,229 ■494,775 859,165 586,178 2872,825 Collateral for F. R. notes held by F. R. Agents: Gold certificates 10,6^9,350 615,000 2,845,000 601,000 832,000 615,000 615,000 1980,000 375,000 188,350 320,000 219,000 11+24,000 Eligible paper 261+,165 8,250 189,015 6,465 7,145 -4- 15,750 13,050 24,490 — ---- U^S.Govt. securities 12,335,625 810,000 2,200,000 .900,000 1150,000 950 ,000 750,000 2200,000 655,625 310,000 525,000 585,000 1500,000 , MA.TURITY DISTRIBUII:)N OF L0/.NS AND SECURITIES Within l6 to 31 to 61 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 years Discounts and advances . 304,616 227,960 32,725 11,850 32,0'8l ■- ---- ---- ---- ---- Industrial loans 3,770 3,114 36 10 608 U. S. Government securities 19,350,232 2,340,573 .2,926^596 4,268,630 4*394,250 1,302,290 2,348,521 343,200 619,802 806,370 1/ liter deducting $739*017^00participations 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 mornings March 9>1945î not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Mar. 7» Feb. 28, Mar. 8, . 1945 1945 1944 A S S E T S ' Gold certificates 17,651,365 - 73,500 -1,606,460 Redemption fund - F. R. notes 640,939 + 20,129 + 394,520 Other cash 249,580 - 14,794 - 79,254 Total reserves 18,541,884 ■-•68,165 -1,291,194 Discounts and advances 304,616 - 16,160 + 252,721 Industrial loans 3,770 31 6,010 U. S. Govt, securities: Bills 11,741,299' - 89,087 +5,023,567 Certificates 5,410,511 +493,371 +2,685,471 Notes 1,066,350 -493,371 + 176,650 Bonds 1,132,072 — - 564,.549 Total" U. S. Government securities 19*350,232 - 89,087 '+7,321,139 Total loans and securities 19,658,618 -105,278 +7,567,850 Due from foreign banks , 116' 20 F. R. notes of other banks ■ 69,480 - 4,378 + 1,894 Uncollected iteriis 1,897,214 + 12,655 + 335,583 Bank premises 34,392 5 630 Other, assets .63,371. - ■ 3*359- - 11,29? TOTAL ASSETS 40,265,075: -168,530 +6,6q2,186 L I A B I L I T I E S Federal Reserve notes 22,264,497 +102,190 +4,821,398 Deposits t Member bank-reserve account 14,207,791 - 20,662 +1,824,712 U. S. Treasurei*-general account 288,349 -171,835 ♦ 19,535 Foreign 1,206,674 ‘ + 14;87S' - 361,360 Other 379»ooo - 10,096 + 41,913 Total deposits 16,081,814 -137,715 +1,524,800 Deferred availability items i,405,9H - 84;607' + 191,537 Other liabilities including accrued dividends 9,186 + 577 1,822 TOTAL LIABILITIES 39.761*408 -169 , 555.' +'6, 535,913 C A P I T A L * a CC-O'U N T S Capital paid in ■ 166,647 + 140 + 10,269 Surplus (Section 7) 228,153 - - + 40,056 Surplus (Section 13b)" 27,165 - .- + 200 Other capital accounts 81,702 + ‘ ’835 ' * ' 15,748 TOTAL LIABILITIES AND' CAPITAL ACCOUNTS' 40,265,075' -;168,530 +6,602,186 Ratio of total reserves to deposit and F.R, note liabilities combined ■ 48.1$ _ - 13. Commitments to make indus'trial loans "3,567 + 20 ** 6,866 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fo?m F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 7, lyk5 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Gold certificates 17,651,365 856,400 4,998,889 924,588 1284,780 955,144 967,181 3278,341 622,189 344,031 607,177 . 496,269 2316,376 Redemption fund-F.R*notes! ¿40,939 40,998 118,033 45,410 57,621 48,132 38,024 111,772 32,352 ' 15,682 27,422 20,423 85,070 Other cash 249,580 21,075 6i,48i 20,468 22,293 13,337 21,677 28,653 11,013 5,072 11,688 8*305 24,518 Total reserves 18,541,884 918,473 5,178,403 990,466 1364,694 1016,613 1026,882 3418,766 665,554 364,785 646,287 524,997 2425,964 Discounts and advances 304,616 8,250 189,015 6,465 11,300 7,145 700 27,975 15,750 13,050 24,490 346 130 Industrial loans 3,770 194 10 2,663 308 120 - - - - - - - 25 - - 450 U, S. Govt. securities: Bills 11,741,299 700,171 3,128,272 718,701 1067,683 651,858 573,985 1917.855 501,374 ^268,400 471,951 394,411 1346,638 Certificates 5,410,511 371,981 1,345,945 409,617 513,946 346,744 273,504 708,873 254,237 146,272 265,860 225,211 548,321 Notes 1,066,350 73,315 265,269 80,731 101,294 68,339 53,905 139.711 50,107 28,829 52,397 44,387 108,068 Bonds 1,132,072 77,831 281,619 85,707 107,537 72,551 57,227 148,322 53*195 30,605 55,627 47,122 114,729 Total U. S.'Government securities 19,350,232 1223,296 5,021,105 1294,756 1790,460 1139,492 958,621 ;2914,761 358,913 -474,106‘' 845,835 7li;i3l 2117,756 * . * • .. * * * Total l^ans and securities 19,658,618 1231,740 5,210,130 1303,884 1802,068 1146,757 '95?,32l 2942,736 874,663 -487,156 870,350 7H,477 2118,336 Due from foreign banks 116 9 1/29 12 12 6 5 18 4 ■ 3, 4 4 10 F.R. .notes of other banks 69,480 2, 654 11,950 2,094 3,389 5,705 8,476 8,880 5,641 1,479 3,647 2,979 12,536 Uncollected items 1,897,214 124,006 421,902 113,379- 172,725 125,337 119,546 329,966 84,422 .39,841 . 112,453,, 76,J30 176,857 Bank premises 34,392 1,601 8,858 ' 3,433 4,082 2,838 l,6o4 3,161 2,105 1,249 2,650 886 1,925 Other assets 63,371 4,229 14,449 4,44o 6,327 3,972 3,348 8,909 3,261 1,656 3,334 •2,666 6,780 TOTAL ASSETS 40,265,075 2282,712 10,845,721 2417,708 3353^297 2301,228 2119,182 6712,436 1635,650 896,169 1638;725-1319,789 4742,458 1f After deducting $87,000 participationsof other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis