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, May 11* of the Federal Reserve System not earlier. May 10, 191*5 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 9 member bank reserve balances increased $137,000,000. Additions to member bank reserves arose from increases of $183.000,000 in Reserve Bank credit^ and $2,000,000 in Treasury currency and a decrease of $107*000,000 in nonmember deposits and other Federal Reserve accounts, offset: in part by increases of $108,000,000 in money in circulation, $2,000,000 in Treasury cash and $2l*,0'00,000 in Treasury deposits with Federal Reserve Banks- and a decrease of $22,000,000 in gold stock. Excess reserves of member banks on May 9 were estimated to be approximately $900,000,000. Holdings of loans, discounts and advances decreased $17,000,000 " while holdings of United States Government securities increase^ $21*1,000,000. The increase in holdings of United States Government se­ curities resulted from increases of $216,000,000 in bills and $26,000,000 in certificates and a decrease of $1,000,000 in bonds. Changes in member bank reserve balances and related items during the week and the year ended May 9, 19^-5, were as follows* Increase or decrease since May 9, May 2, May 10, 19^5 19^5 19UU (In millions! Of dollars) U. S. Government securities 20,720 + 21*1 + 7,1*71 Loans, discounts and advances 556 - 17 + . 1*09 Other Reservo Bank credit 3 111 - 1*0 - 3 Total Reserve Bank credit 21,589 + 183 + 7,876 Gold stock 20,352 - 22 - 1,023 Treasury currency li,132 + 2 + 35 Member bank reserve balances 15,029 + 137 + 2,300 Money in circulation 26,312 + 108 + 1**587 Treasury cash 2,3814 + 2 + 51 ’Treatury deposits with F;R. Banks . 1*1*7 + 21* "f 233 •Nonmember deposits and other F.R.accounts, 1,902 - 107 - 280 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT OF CONDITION'OF THE FEDERÄL RESERVE BANKS ON MAY 9,. 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 SanFran. Federal Reserve notes 22,722,460 11^0,52+0 5,061,776 1499,239 1976,381 1518,257 1336,703 4173,568 902,252 498,512 840,432 566,205 2843,075 Deposits: - Member bank-rese rVe acct.15,029,352 635,988 4,916,882. 764,751 1164,790 618,860 669,323 2221,158 545,567 329,181 701,052 647 »456 1764,344 U.S.Treasurer-general acct. Ì4Ì4.6 5 6lJL|. 2+2,827 109,135 36,190 40,680 20,811 16,307 46,324 21,812 11,502 18,090 19,790 62,546 Foreign 1,071,51+2 70,2+71 1/409,2^+2 91,165 90,129 43,511 36,259 134,676 31,079 23,827 51,079 31,079 78,825 Other 391 ,-81+5 5,791 297,193 3,396, 4,738 7,114 2,352 5,037 11,201 2,132 2,559 1,671 48,181 Total deposits 16,939*353 805,077 5,732,652 396,002 1300,337 ' 690,296 724,241 2407,195 609,659 366,642 755,560 699,996 1953,896 Deferred availability items 1,21+5,286 100,855 258,491 72,385 119,268 93,166 84,187 163,604 57,080 25,438 66,253 51,280 153,299 Other liabilities including accruod dividends 11,481 861 3,319 87I 1,142 574 489 1,574 393 374 437 355 1,092 TOTAL LIABILITIES 2+0,918..580 232+7,333 11,056,238 22+68,1+97 3397,628 2302,293 212+5,620 672+5,92+1 1629,382+ 890,966 1660,2+32 1317,836 4956,362 Capital paid in 167,871 10,22|i+ 59,359 12,660 16,82*4 6,760 6,079 20,214 5,2+49 5,660 5,365 5,683 15,056 Surplus (Section 7) 228,153 15,239 84,903 19,872 19,071 7,813 7,936 33,201 7,o48 4,950 6,196 6,025 ' 15,89> Surplus (Saction 15^) 27,165 2,880 7,143 4,468 1,007 3,290 762 1,2+29 527 1,075 1,157 1,307 2,142 Other capital accounts 95,1+26 5,661 19,786 6,846 10,898 6,169 5,369 13,870 4,922 4,059 4,720 4,147 8,999 TOTAL LIABILTI3S ,J'iD CAPITAL ACCOUNTS 2+1,2+37,195 2381,357 11,227,929 2512,32+3 32*2+5»42+8 2326,325 2165,766 6814,655 1647,330 904,688 1677,898 135^,993 4998,458 Commitments to make industrial loans 3,731 100 2,347 20 4oo - — 50 -------- 200 6l4 F. R. notes outstanding 23,355,158 1476,460 5,236,691 1545,021 2025,575 1544,185 1379,467 422*4,246 993,207 506,657 858,877 594,545 2950,227 Collateral for F. R. notes held by F. R. Agents: Gold certificates 10,52+9,000 575,000 2,620,000 64i,000 780,000 600,000 655,000 2170,000 375,000 190 ,Q00' 320,000 219,000 1424,000 Eligible paper 2+69,329 15,160 329,929 11,265 14,885 — 25,800 22,475 16,315 35,500 U.S.Govt, securities 12,32+6,095 900,000 2 J+00,000 900,000 1250,000 975,000 750,000 2103,000 721,095 315,000 550,000 335,000 1600,000 MATURITY DISTRIBUTION OF LO.J'fS *BD SECURITIES ■Within l6 to 3I to 61 to 91 days to 6 months 1 to 2 5î to 5 Over Total 15 days 30 days 60 dìs.ys 90 days 6 months to 1 year years years 5 years Discounts and advances 551 464*,355 36,979 23,2*45 26,670 --- -------- -------- Industrial loans 4,212 3,285 8 10 26 863 18 2 ------- U. S. Government securities 20,719,617 2*992,228 2,663.,268 4,119,966 4,704,892 1,396,400 3,170,321 273,800 642,902 749,840 l/ After deducting $660,949,000 participations of other Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F<?rm F. R. 233a Released for publication Friday morning, May llyl945» not earlier, STATEMENT OF CONDITION OF'. THE TWELVE. FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since. May 9, May 2,, Mayi10, 1945' : 19k 5 ■ I9kk A S S E T S Gold certificates .17,508,360 - 25,000 -1,381,565 Redemption fund - F. R. notes 677,377 ♦ 3,k07 ♦ 358,134 Other cash 240,801 - 9,255 - 23,595 Total reserves 18,1*26,538 - 30,8k8 -l»ok7;'o26 Discounts and advances 551, - 17,552 kl5#725 h h 9 + Industrial loans 4,212 - ’ 208 7,257 U, S. Govt.securitiesj Bills I3,20ii,4i4 +215,88k +5,600,910 Certificates 5,1*12,211 + 26,500 +2,379.271 Notes. 987,850 r«K a* - 175,91k Bonds 1,115, lJ+2 - 1,550 - 535,625 Total U. S. Government securities 20,719,617 +241,05k +7,470,642 Total loans and securities . 21,275,278 +225,294 +7,879,110 Due from foreign banks 113 3 25 F. R. notes of other banks 8k,371 - 7,065 + 17,523 Uncollected items 1,559,223 -310,185 - 'k2,55k Bank premises 5k,221 661 - - Other assets 57,k51 + 2,238 - .5,395 TOTAL ASSETS 4i,k37,l95 -122,569 +6,800,974 L I A B I L I T I E S Federal Reserve notes 22,722,460 + 91,39k +4,595,264 Deposits» kember bank-reserve account, 15,029,352 +137,722 +2,299,85k U.S.Treasurer-general account 4k6,6lk .+ 25,kk9 + 232,199 Foreign 1,071,5k2 - 87,k52 - 520,30k Other 391,8k5 20,071 + 157,519 Total deposits 16,939,353 + 55,6k8 +2,169,268 Deferred availability items 1,21*5,286 -269,861 - 39,99k Other liabilities including accrued dividends 11,481 + 7lk + 2,157 TOTAL LIABILITIES ko,918,580 ~12k,105 +6,726,695 C A P I T A L A C C O U N T S Capital paid in 167,871 + 165 + 10,759 Surplus (Section 7) 228,153 - _ + k0,056 Surplus (Section 13b) 27,165 i — «* + 200 Other capital accounts 95,k26 + 1,371 + 23,264 TOTAL LIABILITIES AND CAPITAL ACCOUNTS kl,k37,l95 - 122,569 +6,800,97k. Ratio of total reserves to deposit and-F. R. note liabilities combined k6.$ .2!> - 12.7fo Commitments to make industrial loans 3,731 + k9k 2,462 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 MAY 9-, 1945 (In thousands of dollars) A S S E T S Total Boston Hew York Phila.. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates 17,508,360 918*716 4,576,298 968,078 1326,760 . 882,071 933,473 3429,33k 633,300 347,809 648,821 515,192 !2328,508 Redemption fund-F.R.notes 677,377 45,657 134,321 45,638 62,659 5l,k65 37,808 110,528 31,990 15,955. 27,137 20,086 9k,133 Other cash 21+0,801 22,k38 60,259 19*532 20,857 14,267 18,862 28,069 9,818 4,499 11,953 , 8,427 21,820 Total reserves 18,426,538 986,811 4,770,878 1033,2148 1410,276 947,803 990,143 3567,931 675.108 368,263' 687,911 543,705 :24kk,k6l Discounts and advances 551,449 15,160 329,929 11,265 33,170 14,885 3,250 k5,500 25,800 22,475 16,315 200 33,500 Industrial loans 4,212 163 7 3,225 - - 9h • - 275 - - - - 23 - - 425 U.S.Govt, securities: Bills . 13,204,414 734,832 3,870,421 772,892 1130,263 760,200 660,451 2026,830 493,846 275,063 519,171 393,104 1567,341 Certificates 5,412,211 370,874 1,342,879 418,578 517,449 347,347 280,837 675,975 267,084 145,155 261+, 519 235,088 5k 6,426 Notes 987,850 67,694 245,105 76,399 94,1446 63,399 51,260 123,381 48,749 26,494 48,280 42,909 99,734 Bonds l,115,li|2 76,416 276,689 86,2144 106,617 71,569 57,865 139,279 55.030 29,908 5k, 501 48,438 112,586 Total U.S. Government securities , 20,719,617 1249,816 -5.735,094 135k, 113 1848,775 1242,515 1050,413 2965,k65 864,709 1+76,620 886,471 719,539 ^2326,087 Total loans and securities 21,275,273 1265,139 6,065,030 1368,603 1881,945 1257,49k 1053,663 3011,240 890,509 k99,095 902,809 719,739 2360,012 Due from, foreign banks 113 8 1/ 39 10 10 5 4 15 4 3 3 3 9 F.R.notes of other banks 84,371 6,793 2o,l2i 5; 365 3,382 4,830 8,236 • 8,601 5,533 1,597 3,404 2,731 13,778 Uncollected items 1,559,223 117,160 350,717 97,606 140,420 109,870 108,832 215,243 70,966 33,001 70,341 65,399 171,668 Bank premises 34,221 1,591 8,821 3,409 4,061; 2,825 1,597 3,150 2,096 1,244 2,638 873 1,913 Other assets 57,451 3,855 12,323 4,102 5,351 3,498 3,291 8,475 3,114 1,485 2,792 2,5k8 6,617 TOTAL ASSETS 41,437’, 195 2381,357 11,227,929 2512,343 34k 5’, 448 2326,325 2165,766 6814,655 1647,330 «904,683 1677,898 133k,998 i1+998,458 l/ After deducting; $74", 000 participations of other Federal Reserve 'Banks. ♦ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis