H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F, R, 203 STATEMENT FOR THE PRESS Released- for publication Board of Governors Friday xnorning, Llay 25; of the Federal Reserve System not earlier. May 24, 1945 CONDITION QF THE FEDERAL RESERVE BANKS During the .week ended May 23 member bank reserve balances decreased $129,000,000* Reductions in member bank reserves resulted from increases of $424,000,000 in Treasury deposits with Federal Reserve Banks, $53,000,000 in nonmember deposits and other Federal Reserve accosts and $27,000,000 in money in circulation and a decrease of $80,000,000 in gold stock, offset in part by increases of $393,000,000 in Reserve Bank credit and $5,000,000 in Treasury currency and a decrease of $57,000,000 in Treasury cash. Excess reserves of member banks on May 23- were estimated to be approximately $900,000,000* Holdings of loans, -discounts and advances'increased $237,000,000 and of United States Government securities $261,000,000, 'The increase in holdings of United States Government securities reflects increases of $155,000,000 in certificates, $93,000,000 in bills and $0,000,000 in notes. Changes in member bank reserve balances and related items during the week and the year ended May 23, 1945, wore as follows $ Increase or decrease since May'23, May 16, May 24, 19^5 19^5 1944 (In millions of dollars) U. S, Government securities 20,929 + 261 +6,940 Loafi-s, discounts and advances 729 + . 237 + 491 Other Reserve Bank credit 322 *■ 105 + 25 Total Reserve Bank credit 21,:900 ♦ 393 +7,455 Gold stock 2o,:2?l - 80 -1,053 Treasury currency 4,142 • + 5 + . 42 Member bank reserve balances 15,117 _ 129 +2,117 Ivioney in circulation . . 26,399 + 27 +4,4so Treasury cash 2,319 - 57 - 14 Treasury deposits with F, R. Banks 526 + 424 + 137 Nonmember deposits and other F.R,accounts 2,032 + 53 - 283 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. fi. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 23, 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 kinn* 'Kans. Cy. Dallas SanFran. * Federal Reserve notes 22,761,01+7 11+1+1,531 5,056,550 1197,708 1934,270 1517,1+17 1533,093 4135,053 961,267 1+98,851+ ■ 858,237 565,009 2884,453 Deposits: Member bank-reserve* acct.15,116,61+8 ,685,653 5,008,228 77.1,1+1+1 1161,520 61+3,361 653,393 2211,312 51+5,51+3 335,541 696,434 655,676 1743,556 U•S•Treasurer-general acct. 526 >232 1+8,125 129,1+83 23,581 59,11+5 31,166 17,078 78,1+91 20,520 13,969 21,206 22,707 55,558 Poreign 1,187,21+1+ 77,1+07 1/1+56,606 ■ 10-0,657 99,513 1+8,04l 1+0,034 11+8,697 34,315 26,308 34,315 34/315 37,036 Other i+ol+,6oo l +,502 • 297,091+ 4,500 0,852 7,973 3>34o 7,379 lt+,135 5,994- 1,920 1,223 49,325 Total deposits 17,254,724 815,670 . 5,391,1+16 .904,359 1329,030 730,51+1 719,1+50 241+6,379 6l4,315 379,312. 753,875 713,920 1935,473 Deferred availability iteins 1,464, 550 117,026 278,030 83,831+ 150,166 129,530 69,279 2014,854 62,127 29,561 37,556 60,096 172,241 Other liabilities including * * * accrued dividends 11,353 '871 3,361 780 1,169 628 550 1 ,735 364 336 1+43 41+7 1,169 TOTxiL LIABILITIES 1+1,1+71,951+ 237b,898 11,229,157 2487,211 51+64,055 2573,116 211+2,577 6353,001 1658,071 908,565 1680,111 1537,478 4^93,336 Capital paid in 168,077 10,255 59,805 12,720 16,891 6,776 6,090 20,242 5,452 3,663 5,370 5,087 15 ,068 Surplus (Section 7) 228,153 15,239 81+, 905 19,872 19,071 7,813 7,936 35,201 7,043 It ,950 6,196 6.025 15,899 Surplus (Section 13b) 27,165 2,880 7,11+3 ¿4,1+68 1,007 3,290 762 1,1+29 527 1,073 1,137 1,307 2,142 -tlior capital accounts .'93,553 5,816 20,650 7,01+5 11,164 6,566 5,517 14,321 5,013 4,105 4,821 4,251 9,299 TOTAL LIABILITIES CAPITAL JOUSTS 1+1,993,702 21+09,086 11,1+01,698 2531,316 3512,768 21+02,361 2162,682 6907,191+ 1656,116 922,354 1697,035 1354,743 5055,?14l. Commitments to make industrial loans . 4,058 100 r—• 2,224 20 1+00 ---- I450 50 — — 200 61I;. F* R. notes outstanding 25^+26,187 11+87,155 5,192,219 1529,915-2057,078 151+9,11+3 1337,661 4272,141+ 999,504 509,365 365,152 590,211 3006,642 Collateral for F. R* note*3 ■ • ' held by F„ R. Agents: Gold certificates 10,521,000 575,000 . 2,51+5,000 . 59"S ,000 790,000 600,000 655,000 2200,000 375,000 190,000 320,000 219,000 1474,000 Eligible paper 602,1+8 9 29,600 426,561+ 11,3 2 5 ---- 15*155 ---- — 40,780 36,075 15,690 27,^00 U%S•Govt t , securities 12,915,979 900,000 2,1+00,000 950,000 1250,000 975,000 775,000 2100,000 703,979 325,000 550,000 385 ,000 1600,000 MATURITY DISTRIBUTION OF LOAÎcS aND SECURITIES Within l6. to 31 to 6l to 91 days' to 6 months 1 to 2 2 to 5 Ovor Total 15 days 30 days 60 days 90 d-iys 6 months t6 1 year years years 5 yoars Discounts end advances 724,161+ 637,790 30,1+91+ 27,71+0 23,114.0 Industrial loans 4,592 3,396 7 8 33 "¿2 877 108 121 U. S. Govsrnment securities 20,929,11+3 3,619,693 1,771,835 !+,230,066 1+,781+,286 1,616,750 3,375,221 273,300 507,652 71+9,31+0 \ J After deducting $729,760,000 participations of other Federal. Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283& Released for publication Friday morning, May 25,1945» *1°^ earlier, STATEMENT OF CONDITION , OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since May 23, May 16, Kay 24, ,1945 1945 1944 ■i-S S E T S Gold certificates 17,429,460 - 84,005 -1,371,665 Redemption fund - F, R. notes 683,713 + 2,672 + 332,342 Other cash OJ IS CO CO CO + 13,H7 - 19,516 Total reserves 13,368,061 - 68,216 -1,058,839 Discounts and advances 724,164 +237,170 + 497,603 Industrial loans 4,592 243 7,302 U. S. Govt, securities: Bills 13,129., 940 + 98,474 +4,847,292 ..Certificates 5,678,711 +155,000 +2,585,221 Notes 1,005,350' + 7,500 - 153,414 Bonds ,1,115,142 » - - 333,625 Total U. S. Government: securities 20,929,143 +260,974 +6,940,474 Total loans and securities 21,657,899 +497,901 +7,430,775 Due from foraign banks. 112 - 24 S’. R. notes of "other banks ■ 37,343 + ' 1,243 + 14,353 Uncollected items' '1,786,465 -337,669 + 216,674 Bank premises 34,191 30 653 Other assets 59,631 + 250 5,684 TOTAL ASSETS 41,993,702 ‘ + 93,479 +6,596,602 L I A B I L I T I E S Federal Reserve notes" 22,761,047 - 21,270 +4,44o,86o Deposits? Mfmber bank-reserve account 15,116,648 -129,260 +2,116,501 U.S.Treasurer-general account 526,232 +424,360 + 137,471 Foreign 1,187,244 + 52,260 - 387,768 Other 4o4,600 - 1,504 + 19,861 Total deposits 17,234,724 +345,356 +1,886,065 Deferred availability items 1,464,330 -233,045 + 191,841 Other liabilities including accrued dividends 11,353 + 294 + 2,155 TOTAL LIABILITIES 41,471,954 + 91,335 +6, 520,921 C A P I T A L A C C O U N T S Capital paid in 168,077 + - ON O + 10,902 Surplus (Section 7) 228,153 - - + 40,056 Surplus (Section 13b) 27,165 - - + 200 Other capital accounts 98,353 + 1,554 + 24,523 TOTAL LABILITIES AND CAPITAL ACCOUNTS 41,993,702 + 93,479 +6, 596,602 Ratio of total reserves to deposit and F. R. note lia b ilities combined 45.9/“ - .<$ - 11.3?° Commitments to make industrial loans 4,053 + 200 1,601 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b statement of condition of ths federal reserve banks on may 23, 1945 (In. thousands of dollars) A S c> B T i> 'Total Boston New York Phila. Cleve. Rich. Atlanta Chicago £>t.Louis Minn. Kans.Cy. Dallas 3anFran._ Gold certificates 17,429,460 394,744 4,655,354 971,181 1359,996 890,407 912,651 5272,962 634,965 554,711 642,541 514,190 2545,273 Redemption fund-F.R.notes 683,713 46,459 133,609 43,580 62,444 50,171 59 , 546 110,250 55,896 16,522 27,051 19 »997 95,583 Other cash 254,888 22,922 62,676 20,815 20,851 15,055 21,397 29,631 11,527 5,543 12,621 9,768 22,517 Total reserves 13,368,061 '964,125 4,852,139 1040,376 1423,271 955,615 975,574 3412,843 630,188 576,381 682,213 545,955 2465,383 discounts and advances 724,164 29,600 426,364 11,525 44,975 15,155 6,4oo 70,100 40,780 56,075 15,690 200 27,50C Industrial loans 4,592 130 7 5,642 - - 9k - - 275 - - - - 19 - - 425 U.S.Govt, securities: Bills 13,129,940 732,230 3,768,109 755,192 1098,7-99 772,551 663,080 2163,450 468,162 259,347 514,457 392,005 1542,300 Certificates 5,678,711 390,056 1,407,905 459,177 544,204 364,116 294,466 709,514 27;,720 152,744 277,515 246,455 575,059 Notes 1,005,350 69,056 249,253 77,751 96,546 64,462 52,151 125,575 49,521 27,042 49,151 45,652 101,450 Bonds 1,115,142 76,597 276,474 86,242 106,367 71,502 57,325 159,289 54,923 29,995 54,497 48,397 112,529 Total U.S." Government securities * 20,929,143 1267,939 5,701,741 1358,562 1846,216 1272,411 1067,502 3157,628 852,551 469,128 395,530 730,487 2329,818 Total loans and securities 21,657,899 1297,669 6, 128,112' 1375,529 1891,191 1237,660 1073,902 3208,003 895,111 505,205 911,289 730,687 2357,743 Due from foreign banks 112 8 1/ 58 10 10 5 4 15 4 5 5 3 9 /••R.notes of other banks 87,343 7,898 18,127 5,5io 5,330 7,258 7,652 10,646 5,991 1,686 4,181 3,275 15,461 Uncollected items 1,786,465 .133,618. 531,55? 106,491 .184,602 145,532 102, 585. 264,592 71,496 56,522 94,261 75,187 192,629 bunk premises 34,191 1,591 8,821 5,597 4,054 2,018 1,596 5,150 2,096 1,244 2,658 675 1,915 Other assets 59.631 4,177 . 13,109- 4,405 .. 5,7.60 5,695 5,571 7,945 -5,250 1,515 5,050 2,770 6,606 TOTAL ASSETS 41,995,702 21*09,086 ll,lo i,698 2531,316 3512,768 2402,361 2162,682 6207,194 1656,116 922,354 1697,635 1354,748 5035,744 l/ After deducting $74,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis