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 22; of the Federal Reserve System not earlier. June 21, 191*5 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 20 member bank reserve balances decreased $lj.l7,000,000. Reductions in member bank reserves resulted from increases of $177*000,000 in Treasury deposits with Federal Reserve Banks, $166,000,000 in nonmember deposits and other Federal Reserve accounts, $5,000,000 in Treasury cash and $3,000,000 in money in circulation, and - by decreases 'of $60,000,000 in Reserve Bank credit and $3,000,000 in gold stock» -Excess reserves of member banks on June 20 were estimated to be approximately $1,1*00,000,000, Holdings of loans, discounts 'and advances decreased $51*6,000,000 while holdings of United States Government securities increased $i*0i*,000,000. The in­ crease in holdings of United States Government securities reflects increases of $268,000,000 in certificates, $119,000,000 in bills and $17,000,000 in notes. Changes in member bank reserve balances< and related items during the week and the year ended June 20, 191*5, were as followsj Increase or decrease .since' June 20, June 13, June 21, 191*5 19U5 191*1* (In millions of dollars) U, S* Government securities 21,507 + l*oi* + 6,327 Loans, discounts and advances 310 .. - 51*6 + 127 Other Rese rve Bank credit 1*70 82 + 1*6 Total Reserve Bank credit 22,287 60 + 6,501 Gold stock, 20,265 - 3 -• 936 Treasury currency 1*, 11*5 - 1 + 38 Member bank reserve balances 15,351* - 1*17 + 1,596 Money in' circulation ' ‘ ' 26,536* + 3 1** 21*3 Treasury cash 2,297 5 1*2 Tre usury deposits with F, R, Banks . 31*7 + 17? 13 Nojjrunember deposits and other F.R.accounts 2,162 + 168 - 207 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESE IVE BANKS ON JUNE 20, 1945 (In thousands of dollars') L I A B I L I T I E S Total Boston New York Phila. Cleve^ Rich.. Atlanta Chi cago )bt .Louis Minn» Kans.Cy. Dallas SanFran. Federal Reserve notes 22,873,226 liii+6,253 5,059,1+95 1508,130 2002*023 1528,619 131+8,117 1*191,593 963,253 500,055 843,935 571,726 2910,022 Deposits t . tv-ember bank-reserve acct„■15,354,235 763,632 1*,.399,801 79i+,551* 1211+,I58 661* ,520 665,112 2233,301+ 557*674 340,977 .723,359 083,7001813,1*44 U.S»Treasurer-general acct. 3^7,2l±0 36.^*l8 91,717 3!+»829 26,618 22 *039 7,823 29,84*2 5,273 6,426 . 16,130 9,907 60,218 Foreign 1,263,960 85,1+25 lA91,152 106,700 105,1+83 50,925 1+2 ¿38 157,625 36,375 27,838 36,375 36,375 92 ,194 Other 1*40,756 11,031 • 220,71+9 11,230 1*0,807 6,661* 5.071 53,754 22,079 15,119 1,222 2,222 45,808 Total deposits 17,1*11,191 896,506 .5,703,1+19 9I+7 ,313 1387,071 7U+,ll+8 720,1*1*1+ 21+79,525 621,401 390,410 777,086 732,204 2011,664 Deferred availability items 1,893*657 11+9,637 338,155 106*791 206,373 167,578 125,31+0 276,426 79,599 41,068 119,546 69,152 213,992 Other liabilities including accrued dividends 12 *-11*3 875 3,1*1+1 827 1,181* 585 533 1,839 401 301 463 428 1,266 TOTAL LIABILITIES 42,190*217 21*95,276 11,1G1*,510 2563,061 3596,651 21*1*0,930 219!*,1*31+ 691*9,383 1664,654 931,831* l?l*l,030 1373,510 5136,91*1* Capital paid in 169,336 10,260 60,119 12,71+5 16,927 6,779 6,201 20 *310 5,46o 3,686 5,452 5*703 15,794 Surplus (Section 7) 228,153 15,239 81* ,903 19,872 19,071 7,813 7,936 33,201 7,048 4*550 •6,196 6,025 15,899 Surplus (Section 13^) 27,165 2*880 7,11*3 4,468 1,007 3,290 762 1,429 527 1*073 1,137 1,307 2,11*2 Other capital accounts I0l*,607 6,229 22,1*31 7,1+75 11,851 6*728 5,81+9 15,H3 5,248 4,275 5,074 4,486 9,348 - TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*2,719,1*78 2527,881* 11,279,106 2607*621 361*5,507 21*65,51*0 2215,082 7_>19,1+36 1682,937 945,818 1758,389 1391,031 5180,627 Commitments to make industrial loans 5,087 225 3,165 16 1*00 --- 376 50 --- — 200 655 F* R. notes outstanding 23,560,093 11*79,1*52- 5,230,861* 1556,553 2051+»61*7 1565,277 11*01,977 i+250,952 1004,1*11 5H,024 866,867 602,427 3035,642 Collateral for F. R* notes held by F, R. agents: Gold certificates 10,697,000 585,000 2,920,000 707,000 812,000 600,000 610,000 1780.000 4oo ,000 190,000 330,000 239,000 1524,000 ElìgibLè paper 293,359 1/335 235 MU 3,055 ---- 5,950 ---- — 22,950 7,300 16,825 — U.S.Govt. securities 12,934,475. 90J,000 2 ,100 *000 850,000 1250,000 1000,000 800,000 2500*000 67.4,475 325,000 550,000 385,000 1600,000 MATURITY■ DISTRIBUTION OF. LO ANS ¿JtíD SECURITIES Within l6 to 31 to 6l tò 91 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 306,581* 283.L70 '5,070 17,500 81*1* ---- — — - ---- Industrial; loans 3*1*99 2 ,36cr 8 25 8 I6I 709 108 120 ---- U. S. Government ) securitieis 21,506,83!* 3,001,105 2,01*7,950 4, 839,333 1*,762 ,683 996,750 3,696,721 907,300 507,652 747,340 l/ .¿jrter deducting $773,577,000 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 22,191*5; not earlier. 'STATEMENT of condition OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since June 20, June 13, June 2}., 19U5 I9k5 191+1+ A S S E - I S Gold certificates 17,1*11,215 - 9,995 -1,235,155 Redemption fund for F, R. notes . 6?7,265 ♦ 9,105 + 310,1*61 Total gold certificate reserves 18,108,1*00 890 - 921*,694 Other cash 21*9,361 + 591 - 29,130 Discounts and advances 306,581* -51+5,31+0 + 135,077 Industrial loans 3.1+99 - .701 7,661* II, S, Govt, securities: Bills 12,872,231 +118,821* +3,626,3U Certificates 5,838,011 +260,250 +2,51*5,021 Notes 1,633,950 + 17.000 + 501,1*15 Bonds 1,112,61*2 - 31+5,851+ Total U, S, Government securities 21,506,031* +l*0i*,07l+ +6,326,923 Total l oans and securities 21,816,917 -11+1,967 +6,U5l+,336 Due from"foreign banks 110 mm am 26 F. R. notes of other banks 92,171* - 2,1*32 + 12,81*7 Uncollected items 2,363,188 +307,693 + 251,20!* Bank premises 31+,11+3 '1' 61*1 Other assets 55,105 - 6,821 2,091 TOTAL'ASSETS 1*2,719,1*78 +156,173 +5,761,805 L I a "b I L I T I B S ■ Federal Reserve notes 22,873.226 + 8,011* +1*, 157,1+25 Deposits * komber bank-reserve account 15,351+.235 -1*16,91+1 +1,596*369 U. S, Treasurer-general account" 31+7,21*0 +177,611* + 13,116' Foreign 1,268,960 + 38,388 - 311,373- Other 1*1*0,756 +121,181* + 21,181* Total deposits 17,1*11,191 - 79,755 +1,319.'296 Deferred availability items 1,893,657 +226,00l* + 205,21*1* Other liabilities including accrued dividends 12,11*3 271* + 861 TOTiiL LIABILITIES 1*2,190', 217 +153,989 +5,682,826 C A P I T A L ft C C 0 UN T S Capital paid in 169,336 + 828 + 11,236 Surplus (Section 7) 228,153 M «• ' +’ 1*0,056 Surplus (Section 13b) 27,165 + 200 Other capital accounts ioi*, 607 + 1,356 + 27,1*87 TOTiiL LIABILITIES iil'D CAPITAL. ACCOUNTS 1+2,719,1+78 +156,173 +5,761,805 Ratio of gold certificate reserves to deposit and F, R, note liabilities combined 1*5*0$ + *1% - 9,1% Commitments to make industrial loan3 5,087 . + 669 + 937 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 JUNE 20, I945 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve* Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas' SanFran. Gold certificates 17,1*11,215 951,745 4,544,477 1013,714 1407,069 911,61*3 888,165 3132,176 681,51+1 .365,838 659,01*5 550,015 2305,787 Redemption fund for * F. R. notes 697,265 1*6,167 132,279 1*1*, 179 63,053 51,776 1*0,986 121*, 809 33,771 16,276 . 28,943' 19,878. 95,148 Total gold certificate reserves 18,108,1*80 997,912 1*,676,756 1057,893 11*70,122 963,419 929,151 3256,985 715,312 382,111* 687,988 569,893 2400,935 Other cash 21*9,361 19,746 63,105 19,855 21,458 15,1*47 21,201 28,237 9,215 4,677 12,61*5 9,663 24,112 Discounts and advances 306,581* 1,835 235,1*1*4 3,055 4,725 5,950 1,200 7,300 22,950 7,300 16,825 - - - - Industrial loans 3,1*99 128 7 2,609 - - 90 - - 275 - - - - 15 - - 375 U. S. Govt, securities} Bills 12,872,231 722,327 3,663,203 709,561 101*4,099 722,686 664,352 2236,l*ol* 1*09,501* 263,261 485,476 343,221 1608,137 Certificates 5,838,011 1*03,1*19 1,1*44,513 1+51,463 562,829 373,41*4 302,201 729,351 286,209 158,195 285,228 252,815 588,344 Notes 1,683,950 116,361* 1*16,663 130,223 162,31*6 107,719 87,168 210,378 82,556 1+5,632 82,273 72,923 169,705 Bonds 1,112,61*2 76,886 275,303 86,ol*3 107,268 71,174 57,595 139,003 5I+, 5I+7 30,150 5U.360 48,183 112,130 Total U. 8. Government securities 21,506,831*. 1318*996 5,799,682 1377,290 1876,542 1275,023 1111,316 3315,136 832,816 1+97,238 907,337 717,142 2473,316 Total loans and securities 21,816,917 1320,959 6,035,133 1382,954 1881,267 1281,063 1112,516 3322„7ll ' 855,766 501*, 538 <924,i7? 717,14? 2478,691 Due from foreign banks 110 8 1/ 36 10 10 5 4 15 4 3 3 3 9 F.R. notes of other banks 92,174 5,592 IS,937 7,005 4,708 7,214 7,51+7 10,388 7,534 2,502 5,137 3,565 l4,o45 Uncollected items 2,363,188 177,185 466,I89 132,623 258,811* 192,198 140,071 390,231+ 90,211 1+9,236 123,679 87,473 255,275 Bank premises 34,143 1,587 8,803 3,397 4,-051* 2,827 1,593 3,11+4 2,091 1,21*2 2,632 866 1,907 Other assets 55,105 4,895 12,147 3,884 5,074 3,367 2,999 7,722 2,804 1,506 • 2,628 2,426 5,653 TOTAL ASSETS 1*2,719,1*73 2527,88!* 11,279,106 2607,621 361*5,507 21*65,5Uo 2215,082 7019,1*36 1682,937 91*5,818 1758,889 1391,031 5180,627 l/ After deducting $74,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis