H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form W. R. 283 STATEMENT FOR THE; PRESS Released for' publication Board of Governors Friday morning, March JOj of the Federal Reserve System not.earlier. March 29,1945 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 28 'member bank reserve balances decreased $271).,000,000. Reductions 'in member bank reserves resulted from decreases of $99,000,000 in Reserve Bank credit, $32,000,000 in gold stock and $2,000,000 in Treasury currency and an increase of $2llj,000,000 in Treasury deposits with Federal Reserve'Banks,' offset -in-part by decreases of $2,000,000 in money in cirr culation, $4,000,000 in Treasury cash and $60,000-,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on March 28 were estimated to be approximately $900,000,000. Holdings .of ..loans, _ discounts and advances increased $26,000,000 and of United States Government securities- $23,000,000. The increase iia'holdings of- United States Government securities reflects an increase of $32,000 000 in bills and decreases of $5,000,000 in notes and $4,000,000 in bonds. Changes in member bank reserve balances and related items during the week aftd ,the year'ended March 28,1945» were as follows! Increase, or decrease since Mar, 28, Mar,. 21, Mar. 29, 1945 I9I45 1944 (In millions of'dollars) U. S. Government securities 19,516 + 23 + 7,219 Loans, discounts and advances 222 + 26 + 129 Other Reserve Bank credit 337 - 147 - 22 'Tot^l Reserve Bank credit 20,074 99 + 7,325 Gold stock 20,419 - 32 - 1,181 'Treasury currency 4,118 - 2 + 26 Member.bank reserve balances 14,305 274 + 2,274 Money in circulation 25,834 - 2 + 4,797 Treasury cash 2,356 » 4 if 27 Treasury .deposits, with F# R# Banks 310 + 214 * ■443 Nofimémber deposits and other F. R. accounts .1,806 - 68 - 463 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 285c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 28, 1945 (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 San Fran. Federal Reserve notes 22,262,60? 1397,837 1475,968-1946,525 1500,053.1506,471 4077,146 945,745 437,752 817,557 550,991 2777,120 Deposits: Member bank-reserve acct. 14,505,085 657,085 4,740,649 7 2 1 , 7 2 2 1 1 1 0 , 5 9 0 601,507 655,125 2045,842 515,169 515,542 642,508 605,196 1720,550 U.S.,Treasurer-general acct. 309,858 • 19,337 67,341 19,610 51,036 45,515 5,510 54,655 12,469 10,545 15,423 25,25p> 27,.59-9 Forteign 1,185,819 79» 598 lA-55,378 100,295 99,154 47,867 59,889 148,160 54,191 26,215 ' 54,191 54,191 86,694 Other 191,252 4,646 87,138 4,865 11,109 4,546 5 ,0 2 8 4,982 10,694 2,002 _____6j_ oq2__ 2.562 ..,._ k7_fc6Z 9 Total deposits 15,992,012 760,666 5,350,506 846,488 1251,889 699,035 685,350 2231,619 570,523 354,102 696,125 663,187 1882,522 Deferred availability items 1,547,015 120,225 285,869 85,999 162,442 112,324 107,173 237,861 70,336 29,765 87,764 64,906 182,351 Other liabilities including accrued dividends 9,930 798 2,515 718 1,025 512 472 1,462 423 295 - 554 585 _S21 TOTAL LIABILITIES 59,811,564 2279,526 10,620,569 2407,175 5561,879 2311,909 2099,466 6548,088 1587,027 871,914 1601,580 1279,469 4842,964 Capital paid in 167,110 10,176 5?,831 12,647 16,731 6,745 6,o64 19,866 5,395 5,652 5,350 5,^5 15,050 Surplus (Section 7) 228,155 15,239 84,905 19,872" 19,071 7,815 7,956 55,201 7,048 4,950 6,196 6,025 15,899 Surplus (Section ljb) 27,165 2,880 7,145 4,468 1,007 5,290 762 1,429 527 1,075 1,157 1,507 2,142 Other capital accounts 86,211 5,076 17,552 6,177 10,206 5,604 4,908 12,691 4,541 5.780 4.311 ^ 80Q 7,7^6 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 40,520,203 2312,897 10,789,798 2450,337 3408,894 2355,561 2119,156 6615,275 l6o4,538 885,369 1618,574 1296,235 4885,791 Commitments to make industrial loans 3,475 2,574 20 4oo 50 F. R. notes outstanding 22,955,159 1452,194 5,129,192 :L509,149 2000,841 1555,741 1565,588 4175,388 985,465 496,500 842,817 Collateral for F.R.notes held by F.R. Agents: Gold certificates 10,722,550 595,000 2,920,000 611,000 760,000 615,000 625,000 2010,000 575,ooo 188,550 520,000 ; Eligible paper 206,199 6,895 150,714 13,050 4,500 — - - 51,050 10,050 9,94o U.S.Govt, securities 12,629,154 900,000 2,200,000 900,000 1250,000 950,000 750,000 2200,000 759,154 O * O O O 651 585,455 2901,011 229.000 1474,000 525,000 585.000 1500,000 MATURITY DISTRIBUTION OF LOANS AND SECURITY Within 16 to 51 to 61 to ' 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 50 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 217,599 159,095 7,910 22,725 27,869 - - - - - - - Industrial loans 5,950 5,255 8 11 8 26 622 18 4 U. S. Government securities 19,515,657 3,595,421 1,885,092 4,459,487 4,586,574 1,502,290 2,417,921 268,800 6^,402 762,850 ( l/ After deducting $727,124,000 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 30,1945; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Mar. 28, Mar. 21, Mar. 29, 1945 . 1945. 1944 A S S E T S Gold certificates 17,618,265 - 22,500 -1, 516,060 Redemption fund - F, R. notes 645,182 - 1,515 + 354,647 Other cash 256,047 - 3,683 - 61,722 Total reserves 18# 519*494 - 27/698 ' -1,223,135 Discounts and advances 217,599 + 25,045 + 134,671 Industrial loans 5,950 ' : + 24 6,026 U. S. Govt, securities? Bills 11,915,624 - + 32,041 •• +5,-182,.248 Certificates 5,410,511 - - +2,459,171 Notes 1,061,350 - 5,000 - 99,914 Bonds 1,128,152 - 3,920 - 323,315 Total U. S, Government . securities 19,515,637 + 23,121 +7,218,190 Totai loans and securities 19,737,186 + 148,190 +7,346,835 Due from foreign banks 116 20 F, R. notes of other banks 90,033 + 6,067 + 7,669 Uncollected items 1,883,762 -250,891 + 101,930 Bank premises 34,351 - . 19 623 Other assets 55,241 + 1,003 - .5,897 * TOTAL ASSETS 40,320,203 -223,348 +6,226,759 L I A B I L I T I E S Federal Reserve notes 22,262,607 + O- O lf\ 00 +4,763,905 Deposits» Member bank-reserve account 14,305,083 -273,450 +2,251,839 U. S, Treasurer-general account 309,858 +213,735 •- 443,229 Foreign • '1,185,819 - 44;003 - 378,568 Other 191,252 - 25,652 - 16J,869 Total deposits 15,992,012 -129,370 +1,268,173 Deferred availability•items 1,547,015 -103,359 + 123,845 Other liabilities including v accrued dividends 9,930 + 341 + 1,921 TOTAL LIABILTIES 39,811,564 -225,330 +6^157,844 C a p i t a l a c c o u;n. t s - Capital paid in 167,110 + 127 + 10,523 Surplus (Section 7) 228,153 - - + 40,056 Surplus (Section 13b) 27,165 + 200 Other capital accounts '86,211 + 1,855 + 18,136 TOTAL LIABILITIES AND CxiPITAL ACCOUNTS 40,320,203 -223,348 ’ +6,226,759 Ratio of total reserves to deposit and F.R, note liabilities combined 48.4% + fi% - 12.9f0 Commitments to make industrial loans -3,475 + 338 7,690 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 28,1945 • ( In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cyv Dallas San Fran, Gold certificates 17,618,265 861,878 4,932,092 930,796 1303,118 963,096 948,722 3280,813 604,974 540,536 610,653 437,813 2355,774 Redemption fund-F.R.notes 6a5,182 42,760 116,832 45,574 62,364 48,458 37,661 111,338 32,241 15,639 27,331 2.0,506 84,678 Other cash 256,047 22,891 60,150 19,482 21,515 14,372 2i,4ol 29,198 12,896 5,512 12,844 9,805 25,983 Total reserves 18,519*494 927,529 5,109,074 995,352 1386,997 1025,926 1007,784 3421,349 650,111 561,687 650,828 517,922 2464,455 Discounts and advances 217,599 6,895 130,714 13,050 850 4,500 2,6o0 7,850 51,050 10,050 9,940 100 Industrial loans 3,950 166 10 3,189 - - 110 • - - - - - - - 25 - » 450 U* S* Govt, securities: Bills 11,915,624 715,968 3,225,376 748,013 1086,192 668,060 594,790 1355,391 479,052 266,202. 473,392 580,567 1417,621 Certificates 5,410,511 371*950 1,345*970 409*607 513,900 346,758 273,504 708,920 254,257 146,260 265,862 225,206 548,357 Notes 1,061,350 72,964 264,032 80,349 100,809 68,021 53,652 139,064 49,873 28,690. 52,153 44,178 107,565 Bonds 1,128-,152 77,556 280,651 85,407 ' 107,154 72,302 57,029 147,817 53*012 30,496 55,435 46,958 114,335 Total U. S. Government securities 19*515,637 1238,438 5,116,029 1323,376 1808,055 1155,141 978,975 2851,192 336,174 471,648 851,842 696,909 2187,858 Total loans and n securities 19*737,186 1245,499 5,246,753 1339*615 1808,905 1159,751 981,575 2859*042' 867,224 481,698 861,807- 696,909 2183,408 Due from foreign banks 116 9 1/29 12 12 6 5 18 4 3 4 4 10 F*R.notes of other banks 90,033 3*867 15,991 3,365 4,976 7,916 9*622 11,049 6,360 2,oo4 5,273 3,042 15,568 uncollected items 1,883,782 130,401 395,766 104,380 198,490 135,485 115*409 313,074 75,857 37,243 95,276 75,038 207,365 Bank premises 34,351 1,601 8,858 3,421 4,073 2,832 1,600 3,160 2,104 1,247 2,650 886 1,919 other assets 55*241 3*991 12,327 3,692 5,441 3,445 3,141 7,583 2,878 1,487 2,736 2,432 6,083 total Ü.SSETS 40,320,205 2312,897 10,789,798 2450,337 3408,894 2335,361 2119,136 6615,275 1604,538 885,369 1618,574.1296,233 4883,791 l/ After deducting $37,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis