H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F. R. 283 STATEMENT FOR THE PRESS Released for publication _ Board of Governors Friday morning, June 1, .1945; the Federal Reserve System not earlier* May Jl, I9k5 CONDITION OF THE FEDERAL RESERVE BANKS During .the week ended, May member,bank reserve, balances increased $254,000,000. Additions to member bank reserves arose from an increase of $278,000,000 in Reserve Bank credit and decreases of $100,000,000 in Treasury deposits with Federal Reserve Banks and $4,000,000 in Treasury cash, offset in part by increases of $1-01,000,000 in money in circulation and $26,000,000 in nonmember deposits arid ot‘he‘r Federal Reserve accounts. Excess reserves of member banks on May 30-were estimated to be' approximately $1,100,000,000, Holdings' af loans, discounts end.advances increased $161,000,000 and of' United States Government securities $94.»000,000. The increase in holdings of United .States Government securities .reflects a decrease, of .$66,000,000 in bills, and increases of $149»000,000 in certificates and $11,000,000 in notes. Changes in member bank reserve balances and related items, during the week and the year ended May 30» 194-5» were as follows: Increase or decrease since May 30', ‘ May 2 3-* May 31, L9h5 19b5 1944 (In millions of dollars) U. S. Government securtlties' 21,023 + 94 + 6,772 Loans, discounts and advances 890 + 161 + 642 Other Reserve Bank crcdit 345 + 23 + 85 Total Reserve gank credit 22,258 + 278 + 7,b99 Gold stock 20,270 1 - 99b Treasury currency U ,ik i 1 + 40 Member bank resorve balances 15,371 + 254 +2 ,325 Money in circulation ' 26,500 + 101 +4,3 bo Treasury cash 2,315 - 4 + 5 Treasury deposits with F. R. &anks 426 - 100 + 119 Nonmembor deposits and other F. R* accounts 2,058 + 26 - 243 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Foj-m F. R. 283c STATEMENT OF COEDITION OF THE FEDERAL RESERVE BAMS ON MY 30, 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.Loui s Minn. Kans.Cy. Dallas SanFran* Federal Reserve notes 22,344,887 1435,771 5,082,272 1501,684 1987,902 1523,022 1344,977 4193,400 964,477 498,819 844,606 572,282 2895,675 Deposits : Member bank-*reserve acct..15,371,392 709,614 5,100,605 773,064 1181,055 657,275 662,148 2253,823 554,802 334,845 709,112 661,420 1773,629 U.S •Treasurer-*general acct# 1+25,501 51,673 81,961 40,735 55,780 25,879 22,012 20,537 25,141 9,822 25,403 23,914 42,644 Foreign 1,159,080 75,501 1/446,128 98,224 97,108 46,880 39,066 145,103 33,485 25,672 33,485 33,485 34,943 Other 459,676 3,822 320,916 4,829 11,482 7,579 29,684 9,710 13,870 4,199 1,753 1,971 49,861 Total deposits .17,415*649 84o ,610 5,949,610 916,852 1345,425 737,613 752,910 2429,173 62t,298 374,538 769,753 720,790 1951,077 Deferred availability itemsl ,381,906 107,543 266,261 79,745 161,449 107,111 93,026 204,660 62,235 27,690 89,430 55,066 127,690 Other liabilities including accrued dividends 12,370 .871 3,445 841 1,272 602 594 1,846 415 311 475 478 1,220 TOTAL LIABILITIES 41,654,812 2384,795 11,301,588 2499,122 3496,048 2368,348 2191,507 6829,079 1654,425 901,358 1704,264 1348,616 4975,662 Capital paid in 168,145 10,253 59*874 12,718 16,896 6,776 6,090 20,243 5,454 3,663 5 »¿4-22 5,687 15,069 Surplus (Section ?) 228,153 15,2.39 84,903 19,872 19,071 7,813 7,936 33,201 7,o48 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 99*339 5,946 21,006 7,148 11,278 6,463 5,576 14,568 5,069 4,136 4,884 4,296 9,469 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 42,178,114 2419,113 11,474,514 2543,328 3544,300 2392,690 2211,871 6898,520 1672,523 915,180 1721,903 1365,931 5018,241 Commitments to make industrial loans 4,320 225 — 2,445 20 400 ---- 376 50 ---- — 200 604 F. R. notes outstanding 23,504,966 14*79,801 5,222,929 1537,258 2048,597 1556,780 1391,798 4282,467 1002,499 508,694 365,809 595,410 3012,924 Collateral for F. R. notes held by F. R. Agents: Gold certificates 10,331,000 575,000 2,545,000 598,000 800,000 600,000 635,000 2000,000 375,000 190,000 320,000 219,000 1474,000 Eligible paper 797,904 32,305 637,099 16,335 — 12,835 ---- — 24,415 29,875 15,290 — 29,750 U.S.Govt. securities 13,065,192 . 900,000 2,400,000 950,000 1250,000 975,000 775,000 2300,000 655,192 325,000 550,000 385,000 1600,000 MATURITY DISTRIBUTION OF LOANS ANI) SECURITIES With . l6 to 31 to 6l to 91 days to t) 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 885,534 801,829 57 j,310 12,355 l4,040 ---- —— ---- ---- Industrial loans 4,302 3,105 7 8 33 43 877 108 121 --- U. S. Government securities 21,023,000 3,295,147 2,086,683 4,228,511 4,729,696 1,657,050 3,494,621 273,800 507,652 749,84u 1/ After deducting $712,123,000 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 taorning, June 1,1945; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS biMBINED (In thousands of dollars) Increase or decrease since May 30, May 23, May 31, 19^5 1945 1944 A S S E T S Gold certificates 17,416,465 - 12,995 -1,324,660 Redemption fund - F. R. notes 695,094 + 11,381 + 339,420 Other cash 248,091 - 6,79-7 - 16,985 Total reserves 18,359,650 - 8,411 -1,002,225 Discounts and advances 885,534 +161,370 + 648,907 Industrial loans 4,302 290 7,489 U. S. Govt, securitiess Bills 13,064,097 - 65,843 " +4,598,429 Certificates 5,327,311 +148,600 +2,679,821 Notes 1,016,450 + 11,100 - 172,314 Bonds 1,115,142 - - - 333,625 Total U, S, Government sscurities 21,023,000 + 93,857 +6,772,311 Total loans and securities 21,912,836 +254,937 +7,413,729 Due from foreign banks 112 • - - 24 F. R. notes of other banks 82,076 - 5,267 + 17,660 Uncollected items ,1,727,261 - 59,204 + 213,363 Bank premises 34,174 17 62 7 Other assets 62,005 + ’2,374" 6,228 TOTAL ASSETS 42, 178,114 +184,412 +6,635,648 L I A B I L I T I E S V Federal Reserve ; notes 22,844,887 + 83,840 +4,313,091 Deposits j Member bank-reserve account 15,371,392 +254,744 +2,325,817 U.S.Treasurer-general account ' 425,501 -100*, 731 + 118,017 Foreign 1,159,080 - 28,164 - 394,428 Other 459,676 + 55,076 + 66,937 Total deposits 17,415,649 +180,925 +2,116,343 Deferred avuilability items 1,301,906 - 82', 424' + 128,022 Other liabilities including accrued dividends 12,370 + 517 + 2,230 TOL.L LIABILITIES 41,654,812 +182,858. .+6,559,686 C A P I T A L A C C O U N T S Capital paid in 168,145 + 68 + 10,874 Surplus (Section 7) 223,153 • - .+ 40,056 ♦ > Surplus (Section 13b) •27,165 « '+ 200 Other capital accounts 99,839 + 1,486 + 24,832 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 42,178,114 +104,412 +6,635,648 Ratio of total reserves to d'eposit • and F.R,note liabilities combined 45.67» .3% - 11.$ Commitments to make industrial loans 4,320 + 262 + 364 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

?orm F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 30, 1945 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St,Louis L'inn. Kans.Cy, Dallas SanFran. Gold certificates 17,416,465 906,570 4,606,134 971,717 1353,248 908,212 922,705 3224,641 665,312 356,322 654,528 524,695 2320,381 Redemption fund-'F«,.R#notes 695,094 46,384 138,319 43,267 63,339 51,574 39,424 115,136 33,359 16,511 27,022 19,968 95,491 Other cash 248,091 21,664 62,750 20,148 22,750 14,759 20,273 27, 569 10,526 4,837 12,303 10,235 20,277 Total reserves 18,359,650 974,618 4,807,203 1040,132 1439,337 974,545 982,402 3367,346 709,697 379*470 693,853 554,898 2436,149 Discounts and advances 835,534 32,305 637,099 16,335 33,880 12,835 12,100 33,450 24,415 29,875 15,290 3,200 29,750 Industrial-loans 4,302 130 7 3,352 - - 94 - - 275 _ - - - 19 — - 425 U. S. Gibvt* ' securities: B ills 13,064,097 736,407 3,638,430 751,697 1095,890 760,173 669,185 2217,504 462,117 251,195 516,388 391,645 1573,166 Certificates 5,827,311 400,765 1,444,149 450,663 559,141 373,461 302,062 727,904 286,759 156,933 284,762 252,789 587,373 Notes 1,016,450 £9,905 251,901 73 i-608 97,530 65,142 52,039 126,967 50,GIG 27,362 49,671 44,094 102,543 Bond 3 1,115,142 76,693 276,359 06,241 107,000 71,467 57,804 139,294 54,875 30,041 54,494 48,375 112,499 Total U*S, Government securities 21;023,000 1283,770 5,610,839 1367,209 1359,561 1270,243 1001,740 3211,969 053,769 465,601 905,315 736,903 2376,081 Total loans and securities - 21,912,836 1316,205 6,247,945 1336,896 1893,441 1283,172 1093,840 3250,694 878,184 495,476 920,624 740,103 2406,256 Due from foreign banks 112 8 1/ 33 10 10 5 4 15 4 3 J 3 9 j*. R*notes of other banks 82,076 3,554 13,417 3,795» 4,333 7,704 8,531 9,556 6,495 2,301 5,033 2,432 14,921 Uncollected items 1,727,261 118,722 383,468 104,438 197,136 120,560 122,008 259,631 72,723 35,125 96,524: 64/685 152,241 Bank premises 34,174 1,586 8,821 3,397 4,054 2,818 i,& 3 ‘ 3,149 2,096 1,242 ’2,633 ■873 1,907 Other assets 62,005 4,42o 13,622 4,656 5,989 3,886 3,493 8,129 3,324 1,563 3,228 2,937 6,758 TOTaL ASSETS 42,178,114 2419,113 11,474,514 2543,328 3544,300 2392,^0 2211,871 6893,520 1672,523 915,180 1721,9031365,931 5018,241 l/ j.fter deducting $74,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis