H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Torts*. F. R. 283 STATEMENT FOR TK3 PRESS Released for publication Board of Governors Friday morning, July 2?; of the Federal Reserve System not oc.rHer. July 26, 1>45 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 259 member bank reserve balances increased $39,000,000. Additions to member bank reserves resulted from decreases of $96,000,000 in Treasury deposits with Federal Reserve Banks and 51]+,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $25*000,000 in money in circulation and $5*000,000 in Treasury cash and a decrease of $41,000,000 in* Reserve Bank cjre4it# Excess reserves of member banks on July 25 were estimated to bo approximately $1,150,000,000. Holdings of loans, discounts., and advances increased $104,000,000 while holdings of United States Government securities decreased $43>000,000, The decrease in holdings of*United States Government securities reflects a decrease of $78,000,000 in bills and increases o f'$33»000,000 in certificates and $1,000,000 in notes. Changes in member bank reserve balances and related items during the -week and the year ended July 25> 19455 were as follows: Increase or decrease since July 25., July 13, July 2o ■ 1945 1945 1944 (In millions of dollars) U.- S*. Government securities 21,570 - 45 +6,768 Loans, discounts and advances 233 +104 + 135 Other Reserve Bark credit 327 -100 + 53 Total Reserve Bank credit 22,129 - 41 +7,005 Gold stock 20,212 - 1 - 784 Treasury currency 4 ,l44 ---- + 33 Member bank reserve balances 14,699 + 39 +1,906 Money in circulation 26,y2o + 2Ç +4,342 Treasury cash 2,279 + 5 - 34 Treasury deposits with F. R. Banks 594 - 96 + 191 Nonmember deposits and other P. R. accounts 1,939 •- 14 - 149 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. H. 2ö3c STATEMENT OF CONDITION OF THE FEDERAL RESERVE EANKS ON JULY 25, 1945 (In thousands of dollars) L I it 3.I L I T I E S potai Boston Nev; York Phi la, Ri ch, Chicago 'ans Dallas S anpran. Federal Reserve notes 23,193,972 1456,876 5,116,820 1535,109 2035,908 155k¿59 1371,112 1+254,527 976,353 860,761 532,152 2you,2^3 Deposits: . ¿.ember bank-reserve acct. 14,698,795 634,353 4,733,901 727,433 Il44,l49 615,701 652,685 2140,962 548,257 711,063 665,036 1746,415 U.S.Treasurer-general acct. , 93,568 47,579 139,8614. - 50,707 63,879 44,271 17,334 77,026 36,566 29,842 24,706 22,341 38,903 Fdreign 1,128,569 72,8391/ 450,330 93,283 92,228 144 , 524 37,103 137,312 31,303 24,332 31,803 31,803 80,654 Other 410,807 6,337 313,674 3,269 9,536 4,896 4,563 5,239 12,17‘ Pr 2,343 1,092 1,464 41 ,219 Total deposits 16,331,739 811,108 5,647,769 374,697 1309,792 709,392 712,235 2361,039 628,801 382,357 760,66h 713,694 1907 ,191 ! 1,420,263 111,922 290,385 78,367 145,480 109,313 35,799 211,003 66,615 31,524 79,345 53,385 156,125 I* accrued dividends 3,054 .716 1,629 576 085 529 336 l ,207 347 219 390 365 745 TOTAL LIABILITIES 41,454,028 2380,622 11,057,103 2488,749 3492,065 2373,793 2169,532 6827,776 1672,121 923,647 1709,660 1354,596 5004,364 Capital paid in 171,032 10,368 60,578 12,859 17,269 6,883 6,178 20Â5h 5,501 3,711 5,627 5,777 15,827 Surplus (Section 7) 228,153 15,239 84,903 19,872 19,071 7,813 7,936 33,201 7,043 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 112,922 6,780 24,459 8,044 12,623 7,232 6,249 16,429 5,6l3 4,479 •5,465 4,760 10,734 TOTAL LIABILITIES x^ND CAPITAL ACCOUNTS 4i ,993,300 2415,889 11,234,186 2533,992 3542,035 2399,011 2190,657 6899,239 1690,815 937,860 1728,085 1372,465 5049,016 Commitments to make industrial loans 5,428 225 .... 3,615 20 300 ------- 376 50 — — 200 642 F. R. notes outstanding 23,863,609 1493,461 5,259,054 1583,293 2078,185 1588,776 1427,457 4319,589 1011,6114 518,666 681,527 614,907 3087,080 Collateral for F. R. notes held by P. R. Agents: Gold certificates 11,159,000 620,000 3,320,000 493,000 635,000 525,000 630,000 2445,000 300,000 :L73,000 280,000 l61+,000 1574,000 Eligible paper 199,720 11,600 151,574 3,380 — - 7,536 — 7,930 650 8,500 ------- 8,500 U. S. Govt, securities 13,142,620 900,000 2,000,000 1100,000 1450,000 1100,000 8oo,000 1900,000 832,620 •550,000 650,000 2+60,000 1600,000 MATURITY DISTRIBUÌ’DM OF LO,.‘JtfS AND SECURITIES 7a thin 16 to 31 to 6l to 91 daj-rs to 6 months 1 to 2 2 co 5 Over Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 229,423 211,259 8 j►470 4,644 5,050 — ---- —-- ------- ---- Industrial lo ans 2,943 1,800 30 7 5 52k 356 106 120 ---ixC c aptanc e s pu rchas ed 500 • 337 163 — ---- ---- —— ---- ---- U. S. Govt, securities 21,569,579 3,769,C;25 2 ,050.,994 4,986,585 4,563,962 6io,,850 4,059,371 273,800 507’,652 747,340 1/ After deducting $676,337,000 participations of other Federal Resorve Bariks . Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Farm F. R. 283a Released for, publication Friday morning, July 27, 1945; n°t earlier. STATEMENT OF CONDITION OF THE TWELVE FEDE^-iAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since JUly 25, July l8, July 26, 1945 1945 1944 A S S E T S Gold certificates 17,3'66,615 + 5 -1,052,510 Redemption fund for F. R. notes 673,954 - 10,804 + 2)48,219 Total gold certificate reserves 18,01+0,569 - 10,799 - 784,291 Other cash 203,099 + 1,883 - 82,205 Discounts and advances 229,423 +105,575 + 192,258 Industrial loans 2,948 577 7,801 Acceptances purchased 500 •f 5 00 + 500 U. S. Govt, securities’: Bills 12,696,976 - 77,825 +5,769,759 Certificates 6,074,011 + 55,000 ■+2,692,021 Notes 1,685,950 + 1,000 + 552.079 Bonds 1,112,642 — - 247,294 Total U. S. Government . securities 21,569,579 - 45,825 +6,767,565 Total loans and securities 21,802,450 + 59,671 +6,952,502 Due from foreign banks 110 26 F. R. notes of other banks 97,488 - 5,501 + 8,090 Uncollected items 1,746,655 -274,088 + 125,404 Bank premises 34,015 42 650 Other assets 63,914 + 2>594 687 TOTAL ASSETS 41,993,500 -224,082 +6,217,957 L I A B I L I T I E S Federal Reserve notes 25,195,972 + l 8‘,205 +4,198,685 Deposits : Member bank-reserve account 14,698,795 + 53,797: +1,906,202 U. S. Treasurer-rGeneral account 595,568 - 96,152 + 190,870 Foreign 1,128,569 - 65,479' - 286,152 Other 410,807 + 52,550 + 52,455 Total deposits 16,851,759 - 70,434 +1,365,573 Deferred availability’ items 1,420,265 -173,519 + 72,588 Other liabilities including accrued dividends -3,054 279 + 508 TOTAL LIABILITIES 41,454,028 -226,077 +6,135,154 C A P I T A L A C C O U N T S Capital paid in 171,052 + 109 + 11,850 Surplus (Section 7) 228,153 — + 40*056 Surplus (Section 13b) 27,165 — + 200 Other capita^ accounts 112,922 + 1,886 + 30,677 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 41,993>300 -224,082 +6,217,937 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined ( 45.1% + ,1% - 10.3J5 Commitments to make industrial loans 5.428 +588 +1,780 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b STATELIEST OF CONDITIGN OF THE FEDE A,.L RE ¿3 RYEi auixs ok* JULY 25, 1945 (In thous&nds of dollar■s) il S b Hi i S Total Boston New York Phila. Clf3ve. Rich. Atlanta Chicago St.Louis ivlinn. Kans.Gy. Da.lias SanFran. Gold certificates 17,366,615 733,560 5,350,355 782,295 1098,985 773.475 505,292 5443,993 522,510 291,760 539,035 424,906 2495.653 Redemption fund for F. R* notes 673,954 45,657 109,984 55,045 72.512 55,861 40,253 96,129 53,551 17,295 31.744 24,675 86,243 Total gold certificate reserves 18,040,569 784,217 5,460,537 837.340 1171.497 829,334 945,545 3540,122 560,861 509,055 570,779 449,581 2581,901 Ozher cash 208,099 18,048 34,826 17,257 21,888 11,636 18,046 25.306 9,681 4,559 11,712 9.737 25,425 Discounts and advances 229,423 11,600 151,574 3,580 335 7,586 1,900 26,593 7.950 650 8,500 375 8,500 Industrial loans 2,948 126 2.047 85 — — — 300 —* — — — — 15 375 acceptances purchased 500 500 U. 8. Govt;. securities- Bills 12,696,976 342,306 2,944,304 887,531 1316,106 857,781 638,940 1849,434 579,098 54o,058 624,679 459,086 1557,805 Certificates 6,074,011 426,775 1,508,874 459.403 579,636 381,602 524,936 790,166 506,945 161,649 280,448 261.310 592,269 Notes 1,685,950 118,458 4l8,815 127.515 160.837 105,922 90,192 219,525 85 ,198 '44,868 77,844 72.531 164,395 Bonds 1,112,642 78,i7o 276,397 84,153 106,177 69,905 59,522 144,744 50,226 29,6ll 51,373 47,867 103,495 Total U. ¿. Government securities 21,569,579 1465.715 5,143,390 1558,402 2162,806 1415,208 1113,590 3003,719 1027,465 576;,186 1034,344 840,794 2222,960 iotal loans and securities 21,302,4501477,441 5,500,464 1565,829 2165,141 1422,879 1115,490 3030,612 1035,595 .576,856 1042,859- 841,669 2251,855 Due from foreign banks no 7 1/40 '10 10 5 4 14 5 5 5 8 F*R. notes of other banks 97.488 ■ 4,002 17.442 5.736 4 »680 7,690 8,582 9.139 6,64l ,3.350 4,895 5,264 22 ,007 Uncollected items 1,746.655 126,060 597,377 101,724 170,759 120,558 97,864 281,822 72,694 41,135 92,252 64,610 179,250 Bank premises 34,015 1,582 8,784 5.373 4,036 2,808 1,587 ■3 ,i4i 2,086 1-.239 2,626 859 1,894 Other assets 65,914 4.532 I4,4l6 4.723 6,024 4,101 3.539 9,133 5,454 1,655 2.959 2,742 6,658 totàl ;jssets 4i,993.3oo 2415,889 11,234,186 2533,992 3542,035 2399,011 2190,657 6899,289 1690,815 937,860 1728,085 1372,465 5049,016 l/ After deducting $70,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis