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, June 15} of the Federal Reserve System not earlier. June lit# 1945 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 13 member bank reserve balances increased $319»000,000. Additions to member bank reserves arose from an increase of $140,000,000 in Reserve Bank credit and decreases of '$182,000,000 in Treasury deposits with Federal Reserve Banks and $22,000,000 in Treasury cash offset in part by increases of $20,000,000 in money in circulation and $5,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on June 13 were estimated to be' approximately $1,380,000,000-, Holdings of loans, discounts and advances decreased $60,000,000 tfhile hold­ ings of United- States Government securities increased $207,000,000. The increase in holdings of United States Government securities refleots increases of $182,000,000 in.certificates, $16,000,000 in bills and $9,000,000 in notes. Before the amendment of June 12 to the Federal Reserve Act, the reserves of the Federal Reserve Banks against their deposit liabilities could consist of lawful money as well as gold certificates. Since that amendment their reserves must consist of gold'certificates only. Appropriate changes have been made in the state­ ment of condition to conform to this amendment. Changes in member bank reserve balances and related items during the week and the year ended June 15, 1945» were as followsj Increase or docrease since June 13, JunQ 6, June 14, 1945 1945 1944 (In millions of dollars) U, S, Government.securities 21,103 + ;2o7 •f 6,102 Loans, discounts and advances 856 - ! 60 + 672 0th-r Reserve Bank credit 388 - 6 - 32 Total Reserve Bank credit 22,347 + 140 6,741 Gold stock 20,268 - _ - 943 Treasury currency 4,146 + 1 + 42 Member bank reserve balances 15,771 + ■319 + 2,056 Money ir. circulation 26,533 + 20 + 4,200 Treasury cash 2,292 - 22 - 4o Treasury deposits with F. ' R. Banks 170 - 182 + 16 Nonmomber deposits and other F, R, accounts. - 1,994 5 , 393 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS* ON JUNE 13, 19^5 (In thousands of dollars) ■ L I A - B Î 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 22,065,212 ll+!+3,59k 5,01+3,181+ 1511,57k 1998,500 1529,5ko 1350,772 1+188,877 ;96k,029 500,152 8k6,221 575,5612913,208 Deposits : Member bank-reserve acct*15»771»176 750,1+59 5,212,535 82k,155 1201,012 675,395 696,9k5 2288,330 566,025 339,lk6 72k,120 689,653 l803,koi U.S• Treasurer-general acct, 169,626 9,955 28,001 5,868 20,686 lk,228 3,865 32,922 7,280 8,861; 10,k53 13,750 13,72k Foreign 1,230,572 83,188 l/i+70,713 lOl+,263 103,079 1+9,762 kl ,k68 15k,026 35,5l+k 27,251 35,51+k 35,51+k 90,190 Other 319,572 5,858 181+,158 6,027 10,913 6,328 3,569 ll,k62 lk,3k3 3,750 1À59 2,299 69,1+26 Total deposits 17,1+90,9^6 81+9 ,UiO 5,895,1+07 9ko,3l3 1335,690 7k5,713 7k5,8k7 2k86,7kO 623,192 379,011 771,576 7kl,276 1976,7kl Deferred availability items1,667,653' 136,875 333,1+50 85,lk2 181,076 132,837 115,098 2l+k,89ó 75,865 36,035 93 M 3 63 >5k8 169,333 Other liabilities including accrued dividends 12,1+17 .91+5 3,51+2 866 1,19k 6k3 533 l,77k kok 302 k60 509 l,2k5 TOTAL LIABILITIES 1+2 ,036 ,'220 21+30,851+ 11,275,583 2537,695 3516,1+60 21+08,733 2212,250 6922,287 1663,k90 915,550 1711,7P5 1380,89k 5060,527 Capital paid in 168,508 10,256 60,106 12,731 16,912 6,777 6,093 20,23k 5,k58 3,683 5 ,l(k8 5,691 15,069 Surplus (Section 7) 228,153 15,239 8k,903 19,872 19,071 7,813 7,936 33,201 7,0k8 k ,950 6,196 6,025 15,899 Surplus (Section 13-) 27,165 2,380 7,ik5 k,k63 1,007 3,290 762 1 ,1+29 527 1,073 1,137 1,307 2,11+2 Other capital accounts ; .....-103,251 . •6,15k 21,973 7,371 11,668 6,62k 5,767 15,032 5,235 k,2k0 5,063 k,k3° 9,69k TOTAL LIABILITIES AND ' CAPITAL ACCOUNTS 1+2,563,305 2465,383 11,10+9,708 2582,337 3565,118 2k33»237 2232,808 6992,233 1681,758 929,k96 1729,5k9 1398,31x7 5103,331 Commitments to make industrial loans k,kl8. _ 225 2 ,k96 16 koo — 376 50 ---- — 200 655 F. R. notea outstanding 23,530,273 1^79,552 5,212,liko I5k8,370 2052,761 156k,956 1395,16k k26l,lk5 1009,820 511,190 868,819 599,015 3027,0kl Collateral for F* R* notes held by F. R. agents: Gold certificates 10*638*000 575,000 2,695,000 683,000 812,000 600,000 610,000 2000,000 koo ,000 190,000 320,000 229,000 152k,000 Eligible paper ■ 762,1+01+ 18,280 " 63k,109 • 31,625 — 10,625 ---- — 18,900 21,625 11,290 ---- 15,750 U.S .Govt. securities' • 12,686,01+0 900,000 2,100,000 850,000 1250,000 1000,000 800,000 2300,000 626,ol+0 325,000 550,000 385,000 1600,000 MATURITY DISTRIBUTION OF LO.JiS ,JJD SECURITIES 1/8. th lo to 31 to 61 to 91.days to 6 months 1 to 2 2 to 5 Over Total • 15 days 30 days oO days 90 days 6 months to 1 year years years > years Discounts and advances 851,921+ 815^.70 18,0*20 7,565 12,809 ---- --■- — —— Industrial loans l+,200 3,061 11 30 h2 827 108- 121 ---- U* S. Government , securities 21,102,760 2,783,1+36 2,079,330 i+,835,685 k,591,6ké> l,0k8,35û 3,602,021. 907,300 ‘ 507»652 747,340 l/A fter deducting $ 755*910,000 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, June 15,191+5» not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since .June 13 , June 6, June 11+, • 191+5' ' 191+5 ' 191+1+ A S S E T S Gold certificates 17,1+21,210 + 8,71+5 ♦1,21+2,165 Redemption fund for F, R. notes ■ 688,160- - 9,321 + 30'6,576 Total gold certificate reserves 18,109,370 576 - 935» 599 Other cash 21+8,770 + 1 ,l+l+o - 2 P ,133 Discounts and advances 851,921+’ - 60,200 + 679,272 Industrial loans l+»200 + '96, 7,3 13 U. S, Govt, securities» Bills 12,753,1+07 + 15,973 +3,676,095 Certificates 5,569,761 +181,500. +2,281+,771 Notes 1,666,950 + 9,000 + 1+76,915 Bonds • 1,112,61+2 -■ 336,351+ Total U. S. Government securities ' ' 21,102,760 +206,1+73 +6,101,1+27 . T .. o ... t . a .. l .. - .. l .. o .. a ... n .. s ... .. a .. n ... d .. ... s . ecurities 21,958., 881+J +11+6,369 ’ +6,773,386 Due from foreign banks 110 26 F, R. notes of other banks 9 l+, 6 o 6 + 5,398 + 20,518 Uncollected items 2,055*1+95 +302,912 + 21,601 Bank premises 3h 't ll+i+ ‘ '61+9 Other assets 61,926 + 2,536 9,1+1+3 TOTAL ASSETS 1+2,563,305" +1+58,079 +5,8I+9,665 L I A B I L I T I E S Federal Reserve notes 22,865,212 + 5,590 +¿*, 127,122 Deposits« Member bank-reserve account 15,771,176 +3^9,063 ■+2,056,091 U.S.Treasurer-general account’ 169,626 -182,671 + i6»ooo Foreign 1,230,572 + 1+2,171 - 303,215 Other 319,572 - 37,866 - i7l+,3l+5 Total deposits 17,1+90,9146 +11+0,697 • ♦i,59k,531 Deferred availability items 1,667,653 +309» 31+2 + 53,726 Other liabilities including accrued dividends .12,1+17 + . 61+5- . - • • 3,*328 TOTAL LIABILITIES 1+2,036,228 ' +1+56,271+ +5,772,-051 C A P I T A i) A C C O U N T S Capital paid in 168,508 + 173- + '10,630 Surplus (Saction 7) * 228,153 + 1+0,056 Surplus (Section 13b). 27,165 + -200 Other capital accounts 103,251 + 1,632 + 26,728 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+2,563,305 +1+58,079 +5,81+9,665 Ratio of gold certificate* reserves "t.o deposit and F.R, note liabilities combined 1+1+.99& - ,1% ■ - 10.1$ Commitments to make industrial loans 1+,1+18 - 96 + 1+37 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b STATEMENT OF CONDITION OF ÏHE FEDERAL RESERVE BANKS ON JUNE 13, 19!* 5 (In thousands of dollars) A S S E T S Total Boston New York Phi” la* Cleve* Rich. Atlanta Chicago St*Louis Minn. Kans.Cy. Dallas !San Fran, Gold certificates 17 ,1*21,210 978*591* 1* ,1*81,518 1037,269 1370,555 920,500 921,052 3156,535 700,59.1 361*, 122 669,806 51*2,277 2278,31*1 Redemption fund for F. R. notes 688,160 •1*6,231 132,533 1*3,781* 63,136 52,313 1*1,073 HI*, 895 33,801 16,286 28,966 19,902 95,21*0 Total gold certificate reserves 18,109,370 1021*, 82 5 1*, 611*, 051 1081,053 11*33,691 972,813 962,125 3271*1*80 731*, 392 380,1*08 698,772 562,179 2373,581 Other cash 21*8,770 20,677 65,122 19,889 22,71*9 11*, 560 19,061 29,125 9,027 1*,635 12,217 8,983 22,725 Discounts and advances 851,921*' 18,280 631*. 109 31,625 36,51*5 10,825 6,350 1*6,625 18,900 21,625 11,290 - - 15,750 Industrial loans 1*,200 130 7 3,301 - - 93 - - 275 - - - - 19 - - 375 U, S. Govt* securities: Bills 12,753,1*07 668,058 3,569,237 679,270 1039,1*1*8 731,816 662,21*3 2257,630 1*10,251 21*7,126 1*81,871 378,1*08 1628,01*9 Certificates 5,5^,761 381*, 11*5 1,379*017 1*30,728 535,91*6 356,556 288,1*75 695,791* 273,1*71 150,572 272,11*1* 21*1,368 561,51*5 Notes 1,666,950 111*,970 1*12,720 128,912 l6o,l*oi 106,711 86,336 208,21*2 81,81*6 1*5,06I* 81,1*1*9 72,237 168,062 Bonds 1,112,61*2 76,739 275,1*79 86,0l*-5 107,063 71,227- 57,62? 138,996 5l*,630 30,079 51*, 365 1*8,216 112,176 Total U# S* Government securities 21,102,760 121*3,912 5*636,1*53 1321*, 955 181*2,858 1266,-310 109!*, 681 3300,662 820,I98 1*72,81*1 839,829 71*0,229 21*69,832 Total loans, and securities 21,958,881* 1262,322 6,270,569 1359,881 1879.U03 1277,228 1101,031 331*7,562 839*098 l*9l*, 1*66 901,138 71*0,229 21*85,957 Due from foreign banks 110 8 1/ 36 10 10 5 1* 15 . b 3 3 3 9 F#R. notes of other banks 9l*,6o6 - 1*,191 21,060 6,1*07 5,181 8,077 7,81*8 10,226 •6,91*0 2,896 l*,63l* 3,1*1*1* 13,702 Uncollected items 2,055,1*95 11*7,1*12 1*55,955 106,927 211*,272 153,921 137,767 322,259 86,793 1*1*, 192 107,055 79,938 199*101* Bank premises 3l*,ll*l* 1,587 8,803 3,397 1*, 051* 2,827 1,593 3,11*1* 2,092 1,21*2 2,632 866 1*907 Other assets 61,926 l*,36l 11*, 112 ¿*,773 5,758 3,806 3,379 8,1*22 3,1*12 1,651* 3,098 2,805 6,31*6 TOTAL ASSETS 1*2,563,305 21*65,383 11,1*1*9,708 2582,337 3565,118 21*33,237'2232,808 6992,233 1681,758 929*^96 1729,51*9 1398,31*7 5103,331 1/^After deducting $7l*,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis