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 23; of the Federal Reserve System not earlier. March 22, 1945 . CONDITION OF TIE FEDERAL RESERVE BANKS During the week end'ed March 21 member bank reserve balances increased $120,000,000. Additions tomember bank reserves arose from decreases of $45,000,000 in money in circulation, $4,000,000 in Treasury cash, $167,000,000 in Tre.-sury deposits with Federal Reserve Banks, and $28fOOO,OQO in nonmember deposits and other Federal Reserve accounts,offset iii part by decreases of $123,000,000 in Reserve Batik credit and $2,000,000 in gold stock. Excess reserves of member banks on March 21 were estimated to be approximately $1,100,000,000. Holdings of loans, discounts and advances decreased $63,000,000 and of United States Government securities $83,000,000, the latter change reflecting a decrease ijj-bills j Changes in member bank reserve balances and related items during the week and the year ended March 21, 1945, were as follows: Increase or decrease sincc Marf 21, liar. l4, Mar. 22, 1945 1945 1944 (.In millions -of dollars) U. S# Government securities 19,493 - 83 +7,250 Loans, discount» and advances 196 - 63 + 121 Other Reserve Bank credit 484 +' 2? + 79 Total Reserve Bank credit 20,173 - 123 +7.451 Gold stock 20,451 - 2 -1,149 Treasury currency • 4,120 + 30 Member bank reserve balances 14,579 + 120. +2,174 Money in circulation 25,836 - 45* +4,902 Treasury cash '2,360 - 4 + 27 Treasury deposits with P. Rt Banks 96 - 167* - 399 Nonmember deposits and other FfRf accounts 1,374 - 28 - 371 *iJarch 14 figures revised» Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Jforai F. R. 283c STATEMENT OF CONDITION OF THE r&jUBfcAL; RESERVE BANKS ON M&RCH 21, I9J45 (In thousands of dollars) L I A B I L I T I B S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kuns.Cy. Dallas SanFran. Federal Reserve notes 22,255,5^9 1397,045 '4,962,233 1468,607 1944,6.98 1504.297 1305.238 4o84,6l4 948,829 488,031. 817,174 552,577 2781,206 Deposits: MeiLbor bank-reserve acct. 14.573,533 679,663 4,635,109 735.715 1164,049 619,432 61:5,002 2170,885 538,794 317,161 6h9,997 645.415 1776,061 U.S.Treasurer-general a.cct._ 96,123 515 86,440 841 619 515 .559 1,071 553 1,0,74 771 502 2,003 - Foreign 1,229,822 83,4251/ 472,473 103,859 102,679 49,569 41,308 155.428 35,406 27,145 35,406 35,406 89,718 Other 216,904 4,248 ~ 108 338 4.148 10,120 3,410 3.646 4,422 11,394 1,925- 5,351 2,984 55,938 Total deposits 16,121,382 767 *851. 5,302,860 844,563 1277,467 672 ,976 691,115 2329,806 586,647 347.505 691,505 684^307 1924,980 Deferred availability i'tems! 1,050,374 120,440 297,117 »92,088 160,656 138.355 131,225 241,565 79 ¿82 35,108 99,504 68,646 106,610 Other liabilities including accrued dividends 9.589 891 2,492 628 968 481 405 1,403 4i4 271 557 355 944 TOTaL LIABILITIES 40,036,894 2287,027 10,564,702 2406,086 3383,789 2316,089 2127,981 6657,ld8 1615,372 670 ,715'-1606.320 1305,885 4893,740 Capital paid in 166,983 : 10,-175 59.828 '12 ',647 16,722 6,759 6,060 19,806 5,595 3,650. 5,548 5,590 15,025 Surplus (Section 7) 228,153. 15,239- 84.903 19,872 19.071 7,815 7,956 33.201 7.048 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 ' 84.356 ' 4,979 16.959 6,053 10,061 5.505 4,855 12,216 4,448 3,749 4,204 3,755 7,592 TOTAL LIABILITIES AND , CAPITAL ACCOUNTS 49 543,551 2320,300 10,733,535 2449,126 3430,650 2339,456 2147,574 6723,840 1632,788 884,137 1625,205 1322,562 4934,598 Commitments to make industrial loans 3.137 --- — 2,031 20 400 ---- — 55 — — — 631 F.R. notes outstanding 22,970,277 1436,951 5.131,752 1505,260 1999,426 1538,025 1363,380 4182.622 986,975 4.97,166 84i,624 588,256 2898,860 Collateral for F.R.notes held by F.R. Agents: Gold certificates 10,721,350 595,000 2,920,000 610,000 760,000 615,000 625^00 2010 ,000 • 575,000 188,350 320,000 229,000 1474,000 Eligible paper 174,229 3.985 115,279 750 — 3,750 * ---- 26,000 26.000 465 — ---- U.S.Govt, securities 12,638,522 900,000 2,200,000 900,000 1250,000 950 ,000 750,000 2200,000 768,522 31e ,000 525,000 385,000 1500,000 ivIATURITY DISTRIBUTION OF LOANS AND SECURITIES _t-----£-------. "ft ithin 16 to 31 to 61 to • 9I days to 6 mónths 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‘ «... __ «... 192,554 150,225 •5,935 9,415 26,979' Industrial loans 3,926 5,231 7 6 5 3k 621 22 -- — U. S . Gove mment securities 19,,492,516 342*7,113 1673,649 4241,015 4530,556 1302,290 2422,921 268,800/659,402 '766,770 l/A fter deducting $752,977,000 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 hublication Friday morning, 'Hatch 23,19^5*.; H.°t earlier, STATEMENT OF CONDITION QF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or degrease since Mar. 21,, Mar. J.I4, Marf 22, 1945 1945 • - 19hh A S S E T S Gold certificates 17,040,765 - 9,600* -1,510,560 Redemption fund - F. JR.. notes' 646k, 697 - + U,233 + - 367,847 Other cash 259,73d + 9-, 650; - 76,542 Total reserves 18,547,192 + 4,283* -1,219,255 Discounts and advances 192,554 - 62,64l + ‘ 127,886 Industrial loans 3,926 ; - '6 6 5,932 U. S. Govt, securities: Bills 11,883,583 - 83,647 +5,151,705 Certificates 5,410,511 — +2,525,871 Notes 1,066,350 — -' 94,914 Bon da .li,132>072 — . . - .. 312,895 Total U* S~ Government securities 19,492,516 - 83,647 +7,249,767 Total loans and securities. 19,688,996 --146,354 +7,371,721 Due from foreign b&nks 116 .2 0 F. R. notes of other banks . 83,966' + 9,607 2,054 Uncollected items .2,134,673 - 31,771 + 233,502 Bank premises 34,370 .21 642 Other assets 54,238 8,696 - ' 4,951 TOTAL ASSETS 40,543,551 -172,952* +6,378,301- L I A B I L I T I E S Federal Reserve notes 22,255,549 - 33,811 +4,826,177 Deposits• Member bank-reserve account 14,578,533 +119,436 +2,173,461 U,S. Treasurer-general .account 96,-123 -166,466* - „398,871 Foreign I', 229,822 - 19,163 -■ 313,129 Other 216,904 - 19,049 - 133,266 Total deposits 16., 121,382 - 85,242* +1,328,195 Deferred availability‘items 1,650,374 55,344 ■ + -153*,952 Other liabilities including accrued dividends 9,589 + 70 + 2,110 TOTAL LIABILITIES 4p, 03 6,,894 -174,327* +6,310,434 C A P I T A L A C C O U N T S Capital paid in 166,983 + 248 + 10,450 Surplus (Section 7) 228,153 + 40,056 Surplus (Section IJb) 27,165 — ; + 200 Other capital accounts 84,356 + 1,127 + 17,161 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 40,543,551 -172,952* +6,378,301 Ratio of total resorves to deposit and F.R.note liabilities combined 48.-3$ -*• . lfo • 13.# Commitments to make industrial loans 3,137 206 - '6,094 ♦March 14 figures revised. 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 ON MARCH 21, I9U5 (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 SahFran. Gold certificates 17,640,765 859,706 4,940,003 940,442 1306,508 939,860 961,662 3208,296 618,373 335,302 619,483 497,625 2413,505 Redemption fund-F#R.notes 64 6,697 42,855 117,177 45,222 62,402 49,308 37,783 111,465 32,284 15,656 27,368 20,341 84,756 Other cash 259,730 22,628 62,489 20,190 22,931 13,124 21,433 29»936 11,934 5,399 12,673 9,757 27,236 Total reserves 18,547,192 925,189 5,119,669 1005,854 1391,-921 1002,292 1020,878 3349,697 662,591 356,357 659,524 527,723 2525,497 Discounts and advances 192,554 3,985 113,279 750 15,000 3,-750 1,300 2,000 26,000 26,000 465 25 Industrial loans 3,926 191 10 3,131 - - 119 - - - - - - - - 25 - - 450 U. S. Govt, securities: Bills 11,883,583 724,842 3,137,763 733,302 1073,272 660,518 574,027 2012,Bill 479,355 246,275 465,539 387,777 1333,072 Certificates 5,410,511 371,981 1,345,945 409,617 513,946 346,744 273,504 708,873 2514,237 146,272 265,860 225,211 548,321 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 securities 19.,492,516 1247,967 5,030,596 1309,357 1801,049 1146,152 958,663 3009,747 836,894 451,981 839,423 704,497 2154,190 ' Total loans and securities 19,688,996 1252,143 5,143,805 1313,230. 1816,049 1152,021 959,963 3011,747 862,694 477,981 839,913 704,497 2154,665 Due from foreign banks 116 . 9 1/ 29 12 12 6 5 18 ■ ■ 4: 3 4 4 10 F.R.notes of other banks 83,966 3,462 15,803 3,283 4,965 7,014 9,660 10,825 5,619 2,227 4,771 3,155 13,182 Uncollected items 2,134,673 134,075 433,357 119,419 208,393 171,939 152,398 340,453 96,784 44,839 . 1.15,6&3 83,914 233,419 Bank premises 34,370 1,601 8,858 3,421 4,073 2,838 1,603 3,161 2,105 1,249 2,650 886 1,925 other assets 54,238 3,821 11,934 3,899 5,237 3,326 3,067 7,939 2,791 1,481 2,660 2,383 5,700 TOTAL ASSETS 4o,5b3,55i 2320,300 10,733,535’ 2449,126 3430,650 2339,436 2147,574 6723,840 1632,788 884,137 1625,205 1322,562 4934,398 l/ After deducting $87,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis