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 16; of the Federal Reserve System not earlier* March 15, 1945 CONDITION OF THE JfSDERAL RESERVE BANKS During the week ended March 14, member bank reserve balances increased $251,000,000. Additions to member bank reserves arose from an increase of $146,000,000 in Reserve Bank credit and decreases of $22,000,000 in Treasury deposits with Federal Reserve Banks and $99,000,000 in nonmember deposits and other Federal keserve accounts, offset in part by an increase of $14,000,000 in money in circulation. Excess reserves of member banks on March 14 were estimated to be approximately. $1,000,000,000» Holdiiigs. of Joajis,. discounts and advances decreased $49,000,000 while hold­ ings of UnitedoStat'es Government securities increased $226,000,000 reflecting a like increase in bills* Changes in member bank reserve balances and related items during the week' and the year erfde’d Mar ft h 14, 1945» were as follows s Increase or decrease since Mar. 14, Mar. 7* Mar. 15, 1945 1945 ___1944 ** « ( Ifi millions ,of dollars) U. S* Government securities 19*576 + 226 + 7,466 Loans discounts, and advances 259 -49 + 184 Other Reserve’Bank credit' 461 - 30 4 Total Reserve Bank credit 20,296 + 146 + 7,653 Grold stock 20,453 - l - 1,217 Treasury currency 4,120 - l •+ 31 ¿ember bank resjrve balances 14,459 + 251 +.1,754 TUo>*oy in circulation 25,878 + 14 + 4,372 Tr';c.?ury cash 2,364 - l + 22 Treasury deposits with FtR# Banks 266 - 22 + I89 Nonmember deposits and other FtRfaccounts 1,902 - 99 - 372 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fami F. R. 2d3c STATEMENT JF CONDITIJN )F THE FEDI-:pal REoE'iVE BANKS 3N MARCH 11+, 1945 (In thousands of dollars) L I A B I L I T I E S Total B ''ston New York Phila. Cleve. Rich- Atlanta Chicago StJLouis Minn* kans * Dallas SanFran. Federal Reserve notes 22,289,360 1395,578 4,962.,941 1472,012 1949,020 1510,885 1311^+76 4098,615 ■ 950,773 488,799 320 ,505 556,515 2 772 ,241 Deposits ; Member bank-reserve, acct ,097 658,885 4,633,940 709,982 1127,422 6l8 *378 654,591 2165 ,088 545,367 317,547 660,835 644,990 1721,572 li *S. Treasurer-generai acct* 265 ,589 12»455 73.901 18,317 27,008 18,594 12 ,360 27 ,691+ 23,095 9-899 16,035 18,092 8,139 Foreign 31,249,985 81,180 1/500,626 102,819 101,651 49,073 40 ,894 151,892 ■35,052 26.673 35,052 35,052 38,321 other 235,953 4,182 139,151 4,453 10,250 3,018 3,500 4,524 11>319 2..136 5,21+7 3,263 44,905 Total deposits 16,209,624 756,702 5,347,618 835,571 1266,331 639,563 711,345 2349,193 6l4,j53 356,1+55 717,169 701,4c/ 1363,437 Deferred availability itemsl>705*718 141,775 333,907 97,514 171,690 130,001 116,754 272,652 80 r12i+ 35,821 37,549 66,456 171,475 Other liabilities including accrued dividends 9,519 746 2,550 696 989 493 407 1,3144 448 255 371 316 904 TOTAL LIABILITIES ko ,2l4 ,221 2294,801 10,61+7,016 2405,793 3338,030 2330,942 2139,982 6721,309 161.6,178 331,330 1625,594 1324,639 4808,057 Capital paid in 166,735 10,174 59,020 12,556 16,714 6,736 6,053 19,788 5,233 3,650 5,348 5,585 15,018 Surplus (Section 7) 228,153 15,239 34,903 19,872 1*,071 7,313 7,936 33,201 7,0l+3 4,950 6,196 6,025 15,899- Surplus (Section 13b) 27,165 2 ,880 7,143 4,468 1,007 3,290 762 1,429 527 1,073 1,137 1,307 2 ,142 Other capital accounts .83,229 4,902 16,590 5,976 9,926 5,417 4,763 12,165 4,431 3,159 4.178 3,704 7,438 TOTAL LIABILITIES AND CAPITAL ACCOUNTS i±0,7l9»503 2327,996 10,315,472 2448,665 31+34,748 2354,198 2159,501 6788,392 1663,1+72 394,742 161+2,1+53 1341,310 4343,554 Commitments to make industrial ioans 3,343 -— 2,237 20 1+00 -r- -- 55 — — -- 631 F. R* notes outstanding 22 ,92Ì4,501 11+32,806 . 5,134,071 1510,219 1996,802 1541,425 1356,168 4159,554 991,082 1+98,016 341,929 585,587 2876,922 Collateral for F. R, notes • held by F. R. agents: Gold certificates * 10,730,350 595 »000 2,920,000 610,000 8I+9,000 615,000 .615,000 1980,000 375,000 183,350 320,000 239#000 1424,000 Eligible paper 235,104 10 ,1+20 160 ,004 6,565 — '8,175 —— ---- ' 15,700 11,500 22,740 — U*S *Govt• securities 12,577,482 900,000 2 ,200,000 900,000 1150,000 950,000 «750,000 2200,000 807,432 310,000 525,000 385,000 1500,000 MATURITY DISTRIBUTIV-)F LOANS AND S¿¡CURITIss Within l6 to 31 to 6l to 91 aavs to 6 months 1 to 2 2 to 5 Jver Total 15 a&j s 30 days 60 days , 90 days 0 months to 1 ¿'.ear years ^ears 5 ¿ears < -- -- -- -- Discounts and advances 255,195 189,445 31,975 13,700 ‘ 20,075 Industrial loans 3,992 3,336 30 6 • ■ 2 10 608 ---- --- ——— U. S. Government , securi ties 19,576,163 2,524,1>51 2,,898,118 1+,226,361 1+,507,050 1,302,290 2,3l’6.521 343-200 619,002 006,370 1/ After deducting $7I+5,1+40,000 participations of other Federal!_ Riserva1 Büüks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Porn P. R. 283a Released for publication Friday morning, March 16,.1945? not earlier, STATEMENT OP CONDITION OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Mar. Ill, Mar. 7, Mar. 15, 1945 19U5 1944 A S S E T S Gold certificates 17,653,365 + 2,000 -1,581,960 Redemption fund - P. R. notes 642, 461* + 1,525 ♦ 372,625 Other cash 250,080 + 509* ■ 71,997 Total reserves 18, &5,909 + 4,025 -1,281,332 Discounts and advances 255,195 - 49,^21 + 189,900 Industrial loans 3,992 + 222 - 6,302 U. S. Govt, securities: Bills 11,967,230 +225,931' +5,307,451 Certificates 5,410,.511 +2,562,871 Notes 1,066,350 - 9k,9lh - , Bonds 1 , 132,072 309 6^5 •Total U. S, Government securities 19,576,163 +225,931 +7,465,763 Total loans and. securities 19,835,350 +176,732 +7,649,361 Due from foreign banks 116 - 20 F. R., .notes of ‘other banks 74,359 + 4,879 - 1,089 Uncollected items 2,166,444 +269,230 + 72,432 Bank premises 34,391 1 - 630 Other .assets *62,934 - ■ 437 + 3,5?2 TOTaL ASSETS 40,719,503 +45b,428 +6,442,244 L I a B I L I T - I E S Federal-Reserve notes 22,289,360 + 24,363 +4,793,256 Deposi-te» Member bank-reserve- account 14,4.59, .097 +251,306 +1,754,381 U.S. Treasurer-general account 265,589 - 22,760 + 138,919 Foreign 1,248,985 +' 42,311 - 291.347 Othe.r 235,953 -143,047 - 145,874 Total deposits 16,209,624 +127,810 +1,506,079 Deferred availability items 1,705,718 +299,807 + 68,898 Other liabilities including accrued dividends 9,519 + 333 + 1,834 TOTAL LIABILITIES • 40,214,221 +452',813 +6,375,067 C A P I T A L A C C O U N T S Capital paid in 166,735 + 88 + 10,281 Surplus (Section 7) 223,153 * m + + 40,056 Surplus (Section 13b) 27,165. — + 200 Other capital accounts 83,229 + 1,527 + 16,640 TOTAL LIABILITIES AND CAPITnL ACCOUNTS 40,719,503 +45ii,428 +6,442,244 Ratio of total reserves to deposit and P.R.note liabilities combined 48,2% - .2fo - 13 Commitments to make industrial loans 3,343 224 - 5,519 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS CN MARCH 14, I9I+5 (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 17,653.365 868,336 1*,877*366 927,587 1312,735 976,030 994,702 3246,285 636,551 345,068 620,474 509,045 2339,186 Redemption fund-F.R.notes 642,464 41,938 117,479 45,354 57,575 50,048 37,890 111,572 32,318 15,666 27,396 20,368 84,86o Other cash 250,080 21,898 60,106 19,820 20,964 14,199 21,936 28,289 10,491 4,835 .12,663 9,325 25,554 Total reserves 18,545,909 932,172 5,054,951 992,761 1391,274 1040,277 1054,528 3386,146 679,360 365,569 . 660,533 538,738 2,449,600 Discounts and advances 255,195 10,420 160,004 6,565 12,350 8,175 700 6,595 15,700 11,500 22,740 346 100 Industrial loaras 3,992 194 10 2,886 308 119 - - - - - - - - 25 - - 450 U. S. Govt* securities! Bills 11,967,230 695,271 3,186,177 736,224 1077,589 654,528 568,908 2010,717 498,735 264,155 468,285 398,791 1407,850 Certificates 5,410,511 371,981 1,345,945 409,617 513,946 346,744 273,504 708,873 25b,237 146,272 265,860 225,211 548,321 Notes 1,066,350 73,313 265,269 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 19, 576,163 1218,396 5,079,010 1312,279 1800,366 1142,162 953,544 3007,623 856,274 469,861 842,169 715,511 :2178,968 Total loans and securities 19,835,350 1229,010 5,239,024 1321,730 1813,024 1150,456 95U,244 3014,218 .871,974 481,361 861*, 934 715,857 :2179,518 Due from foreign banks 116 9 1/ 29 12 12 6 5 18 4 3 4 4 10 F.k. notes of other bar :s . 74,359 2,586 13,499. 2,691 4,454 5,767 7,758 8,864 5,474 i,9l*7 3,9^2 3,200 14,177 Uncollected items 2,166,444 158,191 484,588 123,479 215,901 1-50,979 137,898 366,965 101,360 42,945 107,297 79,996 196,845 Bank premises 34,391 1,601 8,858 3,433 4,082 2,838 1,604 3,161 2,105 1,249 2,649 886 1,925 Other assets 62,934 4,427 14,523 4,559 6,001 3,875 3,464 9,020 3,195 1,668 3,094 2,629 ___6,479 ... TOTAL ASSETS 40,719.503 2327,996 10,815,472 2448,665 3434,748 2354,198 2159,501 6788,392 1663,472 894,742 1642,453 1341,310 4848,53b 1/ After deducting $87,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis