H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Fortn F. R. 233 ■STATEMENT ' FOR THE' PRESS Released for publication , Board of Governors Friday morning, May 18, 19455 of the Federal Reserve System not oarlier, May 17, 1945 ' CONDITION OF TH* FEDERAL RESERVE BANKS During the week, ended May 1*6# membor bank-reserve balances increased $217,000,000. Additions to member bank reserves resulted from decreases of $345,000,000 in Treasury deposits with Federal Reserve Banks and $8,000,000 in Treasury cash and an increase of‘$5»000,000 in Treasury currency, offset in part by a decrease of $2,000,000 in Reserve Bank credit and increases^of $60,000,000 in money in circulation and $77,000,000 in nonmember deposits and other Fedorcil Reserve accounts. Excess reserves of member banks on May 16 were estimated to be .approxi­ mately $1,050,000 .,000» Holdings of loans, discounts end advances decreased $64,000,000 and of United States Government securities $52,000,000. The decrease in holdings of United States Government securities reflects a decrease of $173,000,000 in bills, and increases of $111,000,000 in .certificates and $10,000,000 in notes. Changes in member bank -.reserve balances and related items during the week and-the year ended May 16, 1945, were as follows: Increase or decrease • since May l6, Kay 9, May 17, 1945 1945 19^4 (In millions of dollars) « <1» U. S. Government securities 20,663 - 52 +6,360 Loans, discounts-and advances 492 -.64 + 323 Other Reserve Bank credit 427 +113 + 18- Total Reserve Bank credit 21,537 - 2 +7,205 Gold stock 20,351 - 1 -1,003 Treasury currency 4,137 + 5 •+ 38 Member bonk reserve balances 15,246 +217 +2,260 Money in circulation 26,372 + 60 +4,526' Treasury cash 2,376 - 3 + 78 Trea .ur;/ duposits with F, R. Banks 102 -345 - 2?5 Nonmombor deposits and other F. R. accounts 1,979 + 77 - 329 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. S. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 16, 191+5 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cl<eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 22,782,31? 1443,896 5,065,187 1504,538 1982,360 1519,840 1338,629 4187,372 964,111 499,110 840,189 564,652 2872,433 Deposits; Member bank-reserve aoct.15 ,214-5 »908 693,653 5,016,802 777,819 1172,.981 646,662 668,514 2232,193 554,163 335,703 709,391 675,533 1762,439 U.S.Treasurer-general acct. 101,872 2,545 . 36*778 1,634 13,818 381 6,1(45 8,340 11,423 3,792 5,637 8,253 826 Foreign 1,134,984 75,812 3/431,991 96,642 95,544 46,125 38,437 142,767 32,946 25,259. 32,946 32*946 83,569 Other I4.O6,104 5,262 - 302,226 4,411 6,737 8,072 3.947 6,791 13,842 2,164 .5,716 1,345 45,091 Total deposits 16,888,868 777,277 5,789,797 880,506 1289,080 701,240 717,343 2390,091. 612,374 366,918 750,690 718,627 1894,925 Deferred availability items1,697,375 136,181 358,407 98,813 196,498 123,840 104,113 267,674- 74,582 32,252 86,804 59,782 158,429 Other liabilities including accrued dividends 11,559 839 3,445 771 1,147 563 477 1,610 385 337. 437 .400 1,098 TOT/tL LIABILITIES 41,380*119 2358,243 11,216,830 2434,628 3469,085 2345,433 2160,562 6846,747 1651,452 398^617 1678,120 1343,461 4926,885 C-pita 1 paid in 167,987 10,247 59,865 12,720 16,861 6,776 6,079 20,221 5,452 3,661 5,363 5,686 15,056 Surplus (Section 7) 228,153 15,239 34,903 19,872 19,071 7,313 7,936 33,201 7,048 4,950 6,196 6*025 15,399 Surplus(Section 13b) 27,165 2,330 7,143 4,463 1,007 3,290 762 1,429 ' 527 1,073 1,137 1,307 2,142 Other capital accounts 96,799 5,733 20,209 6,926 11,027 6,262 5,1441 14,146 4,930 4,068 4,728 4,199 9,130 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 41,900,223 2392,342 11,338,956 2528,614 3517,051 2369,624 2180,780 6915,7144 1669,409 912,369 1695,5^4 1360,678 4969,112 Commitments to make industrial loans 3,858 100 ---- 2,049 20 400 ---- 450 50 • 200 589 F. ft. notes outstanding 23,414,457 1482,242 . 5,205,647 1550,525 2036,569 1549,367 1380,579 4268,861 1002,334 503,818 364,619 590*064 2974,832 Collateral for F. R. notes held by F. R. Agents? Gold certificates 10,546,000 575.000 2,620,000 598,000 790,000 600,000 635.000 2200,000 375,000- 190,000 320,000 219.000 1424,000 Eligible paper 398,964 24,1j4o 262,364 9,235 — 14,205 19,805 27,975 13,740 27,200 U.S.6ovt. securities 12,910*963 909.000 2,400,000 950,000 1250,000 975,000 750.000 2100,000 725,963 325,000 550,000 385.000 1600,000 MATURITY DISTRIBUTION OF L0„,K3 AKD SECURITIES ftithin l6 to 31 to 6l to >1 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 486,994 407 ,400 I4. ,604 23,150 31,840 . . . — — Industrial loans 4,935 3,582 .... 8 10 48 956 108 123 ------- U. S. Government securities 20,668,169 2,990,911 2,50!,672 4,057,280 4,757,543 1,568,150 3,261,321 273,800 507,652 749,840 l/ After deducting $700,657,000 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 publicatipn Friday morning. May 18,1945, no^ earlier. STATEMENT OF CONDITION ' OF THE TWELVE FEDERAL RESPJhVE BaNKS COMBINED (In thousands of dollars) Increase or decrease since May 16, May 9, May 17, 1945 1945 1944 A S S E T S Gold certificates 17,513,465 + .5-,105 -1,330,160 Redemption fund - F. R. notes . 681 ,04l +' -3,661+ + 340,572 Other cash 2U,771 ♦ ■ 970 - 25,466 Total reserves 18,1+36,277 + 9,739 -1,0 15,0 54 Discounts and advances 1+86,991+ - 64.455 334,,983 Industrial loans 4,835 ♦ 623 7,204 U. S. Govt, securities.» Bills 13,031,1+66 -172,948 +4,878,441 Certificates 5#523,7li +111,500 +2,480,771 Notes 997,850 + 10,000 - 165,914 Bonds 1,115,142 ■ 355,625 Total U. S. Government securities 20-,668,169 - 51,1+1+8 +6,859,675 Total loans and securities 21,159,998 -115,280 +7,107 Due from foreign banks 112 1 - 24 F, R. notes of other banks 86,100 + 1,729 + 15,546 Uncollected it'ems 2,12l+,13 4 +564,911 184,037 661 Bank premises 34,221 Other assets 59,581 - 1,930 6,071 TOTAL ASSETS 1+1 ,900,223 +463,028 ' +6,365,225 L I A B I L I T I E S Federal Reserve notes 22,782 ,317 + 59,857 +4,569,561 Deposits« Member bank-reserve account 15,245,908 +216,556 +2,25 9,527 U.S.Treasurer-general account 101,872 -344,742 - 294,819 Foreign + 63,442 - ¿+44,455 1,134,98 4 Other 1+06,104 + 14,-259 ' + 32,109 Total deposits 16 , 888,868 - 50,485 +1,552,362 Deferred availability .items 1,697,375 +452,089 + 166,534 Other liabilities including 1,863 accrued dividends 11,559 + 78 + ' +6,290,320 TOTAL LIABILITIES 1+1,380,119 +461,539 C A P I T A L A C C O U N T S Capital paid in 167 + '116 +■ 10,826 .,987 40,056 Surplus (Section 7) + 228,153 Surplus (Action 13b) + 200 27,165 Other capital accounts 96,799 1,375 + 23,823 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 41 , 900,223 + 463,028 + 6 , 365,225 Ratio of total reserves to deposit and F,R. note liabilities combined 46.57*! -11,5 ^ Commitments to make industrial loans 3,858 127 1,788 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 W.Y. 16, 1945 fin thousands of dollars) A S S E T S Total Boston New York Phila. Cleve, Rich. Atlanta Chicago St,Louis. Minn. Kans.Cy. Dallas SanFi*an'.. Gold certificates 17»513 M-&5 888,610 4,735 »936 959,287 1318,16k 886,2k3 932,008 3331,178 632,863 344,978. '649,403 522,482 2312,313 Redemption fund-F.R.notes 681 ,Okl 46,5 22 133 »849 48,479 62,527 50,691 37,627 110,346 31,925 16,332' 27,072 •20,019 95,652 Other cash 241,771 - 22,394 • 62,030 19,703 22,067 13,03k 17,428 28,068 10,290 5>145 11,700 8,815 21,097 Total reserves 18,436,277 957,526 4,931,815 1027,469 1402,758 9k9 »968 987,363 3469,592 675,078 366,455 688,175 551,316 2429,062 Discounts and advances 486,994 24,440 262,36k 9,235 24,980 lk ,205 3,100 59,750 19,805 27,975 13,740 200 27,200 Industrial'loans 4,835 163 7 3,823 9k 275 —— —— 23 --- 450 U.S.Go-frt. securities: Bills 13,031,466 710,997 3,755,008 764,280 1106,708 762,565 661,k67 2060,833 495,387 267,949 513,380 397,566 1535,326 Certificates 5,523,711 378,907 1,370,077 427,196 523,652 35k,361 286,539 689,925 272,365 148,333 269,956 239,341 557,559 Notes 997,850 68,449 2k7,503 77,172 95,500 6k,015 51,762 124,633 49,203 26,796 48,767 43,328 100,722 Bonds 1,115,142 76,494 276,595 86,243 106,726 71,540 57,8k? 139,283 54,987 29*946 544+99 48,421 112,561 Total ff.S, Government securities 20*668,169. 1234,847 5,6k9,l83 1354,891 1837,586 1252,481 1057,615-3014,674 871,942 ,473,02k 886,602 72-9,156 2306,168 Total loans and securities 21,159,998 1259,450 5,911,55k 1367,949 1862,566 1266,780 1060,715 3074,699 891,747 500,999 900,365 729,356 2333»818 Due from foreign banks 112 ' 3: 1/ 38 10 10 5 k 15 4 3 3 3 9 F.R. notes of other banks 86,100 7,175 21,0k0 2,425 3,740 6,221 8,668 9,440 5,194 1,837 3,914 3,229 13,217 Uncollected items 2,124,134 162,583 502,8kk ■123,118 238,284 lkO,203 119,293 350,122 92,095 40,314 , 97,509 73,175 184,594 Bank premises 34,221 1,591 8,821■ 3,409 4,06k 2,825 1,597 3,150 2,09.6 1,244 2,638 873 1,913 Other assets 59,381 4,009 12,844 4,234 5,629 3,622 3 »440 8,726 3,195 1,517 2,940 2,726 6,499 TOTAL ASSETS 41,900,223 2392,342 11,388,956 2528,61k 3517,051 2369,62k 2180,780 6915,7kk 1669,k09 912,369 1695,544 1360,678 4969,112 l/ After deducting $74,000 participations of other Federal Reserve Barks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis