H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Forra F. R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Aug. 24; of the Federal Reserve System not earlier. August 23, 1945 CONDITION OF THE FÉDÉRAL RESERVE BANKS During the week ended August 22, xaembsr bank reserve^ balances decreased $12,000,000, Reductions in member bank reserves resulted from a decrease of $42,000,000 in gold stock and. increases of $273»000»000 in Treasury deposits with Federal Reserve Banks and $155*000,000 in money in circulation, offset in part by increases of $3^0,000,000 in Reserve Barf? credit and $3*000,000 in Treasury currency and decreases of $9*000,000 in Treasury cash and $86,000,000 In nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on August 22 ■were estimated to be approximately $1,050,000,000. ■ • « «r- V Holdings of loans, discounts and advances increased $88,000,000 and of United States Government securities $427*000,000, The increase in holdings of United States Government securities reflects increases of $251*000,000 in bills, $157*000,000 in certificates, $17*000,000 in notes and $2,000,000 in bonds. Changes in member bank reserye balances and related items during the week and the year ended August 22, 1945* wore as follows-j Increase or decrease since Aug. 22, Aug. 15, Aug. 23, .1945 1945 • 19*44 (In millions of dollars) U# S. Government securities 22,296 +427 +6,704 Loans, discounts and advance Ì4.03 +88 +286 Other Reserve Bank credit 1j44 -154 + .154 Total Resorve Bank erodit *23,l42 +360 +7,143 Gold stock 20,083 - 42 - 859 Treasury currency 4,201 + 3* + 89 Member bank reserve balances 14,992 -12 +2 ,070 Money in circulation; 27,506 +155 +4,459 Treasury cash 2,2l+8 - 9* - 156 Treasury deposits with F. R. Banks 671 +273 + 122 Nonmember deposits and other F. R, accounts 2,015 - 86 - 121 * August 15.figures revised Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT OF CONDITION OF THE1 FEDERAL RESERVE :BANKS ON .AUGUST 22, 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 Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 23,694,181 1471,131 5,207,337 1566,893 2076,792 1612,746 1411,650 4342,661 998,993 521,870 884,229 596,634 3003,245 Deposits: \ Member bank-reserve acct. 14,991,665 684,964 4,747,354 747,186 1143,236 657,076 607,821 2237,901 557,857 329,412 738,400 684,6yl 1795,767 U.S.Treasurer-general acct. 67I ,257 68,554 208,345 49,391 56,476 29,556 ' 23 ,318 88,530 27,556 30,580 19,203 22,776 46,972 Foreign 1,170,239 77,125 1/456,530 98,105 96,990 46,823 39,019 1^4,928 33 M 5 25,641 33,Ul5 33 M 5 84,743 Other 387,213 2,921 297,321 3,475 9,011 6,240 2,842 5,289 11,731 1,887 1,473 989 44,o^4 Total deposits 17,220,374 833,564 5,709,550 898,157 1305,713 739,695 733,000 2476,648 630,589 387,520 792,521 ?4l,901 1971.,516 Deferred availability items 1,569,7^4-5 128,283 285,584 91,762 158,322 123,253 93,550 231,466 72,366 40,262 91,367 60,180 193,350 Other liabilities including accrued dividends 9,772 822 2,178 673 989 534 439 1,319 367 704 420 412 915 TOTAL LIABILITIES 42,494,072 2433,800 11,204,649 2557,485 3541,816 2476,228 2238,639 7052,094 1702,315 950,356 1768,537 1399,127 5169,026 Capital paid in 171,631 10,367 60,870 12,934 17,369 6,900 6,183 20,499 5,510 3,721 5,636 5,790 15,852 Surplus (Section 7) 228,153 15,239 84,903 19,872 19,071 7,813 7,936 33,201 7,048 4,950 6,196 6,025 15,899 Surplus ^Section 13b) 27,165 ' 2,880 7,143 4,468 1,00? 3,290 762 1,429 527 1,073 1,137 1,307 2,142 Other capital accounts • ll9il°6 7,249 25,953 8,530 13,278 7,682 6,576 17,128 5,927 4,664 5,737 4.-993 11,389 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,040,12? 2469,535 11,383,518 2603,289 3592,541 2501,913 2260,096 7124,351 1721,327 964,764 1787,243 1417,242 5214,308 Commitments to make industrial loans 4,856 100 3,219 20 300 ---- 376 — — ---- 193 648 F. fi. notes outstanding 24j317»827 1508,481 5,345,446 1616,791 2120,872 1639,269 1462,131 44024+03 1041,621 529,907 906,134 624,986 3119,786 Collateral for F. R. notes held by F. R. Agentsr Gold certificates 11,316,000 620,000 3,520,000 520,000 675,000 525,000 670,000 2295,000 300,000 173,000 280,000 164,000 1574,000 Eligible paper 287,159 15,700 195,265 10,835 ---- 20,277 — — 10 s4oo 8,100 7,650 — 18,932 U. S. Govt, securities 13,273,993 900,000 1,800,000 1100,000 1450,000 1125,000 800,000 2150,000 853,993 360,000 650,000 485,000 1600,000 MATURITY DISTRIBÍ;:TI0N OF L0..NS AND s scusiti;ss . Within l6 to 31 to 6l. to 91 days to 6 months 1 to 2 2 to 5 Over 5 " Total 15 <iays 30 days 60 days 90 days 6 months to 1 year years years3 years Discounts and advances 399,334 353,134 14,625 5,650 15,925 10 ,000 ---- .... ---- ---- > Indus trial 10 ans 3,247 2,189 8 20 27 747 55 104 97 U. S. Govt, securities 22,295,689 3,909,,977 2,204,870 4,883,380 4,167,509 1,776,650 3,824,511 273,800 507,652 Ibrl^ ho 1/ After deducting ;$ 7I I ,264,000participations of other Federal ]Reserve B;:mks.. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

'Form F, R. 283a Released for publication Friday morning, August 2l+,19l+5; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Aug. 22, Aug. 15, Aug, 23. 19*15 1945 I9hk AS S E T S Gold certificates 17,245,315 - 47,000 -1,091,050 Redemption fund for F.R.notes . 683,512 + 6,911 + 2.39,189 t Total gold certificate reserves 17,928,827 - 40,089 - 851,861 Other cash 210,377 - 4,81+2 - 61,395 Discounts and advances 399,334 '+ 87,100 + 292,805 Industrial loans 3,247 + 116 7,106 Acceptances purchased 46 U. S. Govt, securities: Bills 13,188,786 +251,351 +3,3l4l+,867 Certificates 6,277,511 +157,000 +2,895,521 Notes 1,714,950 + 17,000 + 621,179 Bonds 1,114 M 2 + 1,800 - 158,184 Total U. S, Government securities 22,295,689 +427,151 +6,703,383 Total loans and securities 22,698,270 +514,321 +6,989,082 Due from foreign banks 110 26 F. R. notes of other banks 90*712 761 + 13,979 Uncollected items 2,013,169 ■- 80,395. + 413,598 Bank premises 33,955 10 652 Other assets 64,707 + 2,348 786 TOTAL ASSETS 1+3,0140,127 +390,572 +6,501,939 ■L I A B I L I T I E S Federal Reserve notes 23,694,181 +139,066 +4,172,694 Deposits: Member bank-reserve account 14,991,665 - 12,118 +2,070,150 U.S.Treasurer-general account 671,257 +273,062 + 122,534 Foreign 1,170,239 + 73,708 - 234,305 Other 387,213 -161+,432 . + 25,420 Total deposits 17,220,374 +175,220 ■ +1,983,799 Deferred availability items 1,569,745 + 74,199 + 259,577 Other liabilities including accrued dividends 9,772 + 435 + 1,250 TOTAL LIABILITIES 1+2,494,072 +388,920 +6,1417,520 C A P I T 'A L A C C O U N T S ' Capital paid in 171,631 + 122 + 12,194 Surplus (Soction 7) 228,153 + 40,056 Surplus (¡section ljb) 27,165 + 200 Other capital accounts 119,106 + 1,530 + 31,969 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+3,040,127 +390,572 +6,501,939 Ratio of gold certificate reserves to deposit and F, R. note 43.8^ - *5% - 10.2>1 liabilities combined Commitments to make industrial loans 4,856 -303 + 978 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F* R. 2Ô3b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON ixUGUST 22, 19k5 (In thousands of dollars) ' A S S E T S Total Boston New York Phila. Cleve. Rich. stianta Chicago St.Louis Minn. Kans.Cy• Dallas SanFran. Gold certificates 17,245,315 766,382 5,168,275 80l+,7l4 1109,400 780,309 943,291 3393,830 523,726 294,034 549,684 434,304 247cr,856 Redemption fund for F* R. notes 683,512 45,571 94,638 55,912 72,896 59,290 40,l40 109,007 43,511 18,078 33,713- 24,645 86,111 Total gold certificate reserves 17,928,827. 811,953 5,262,913 860,626 1182,296 839,599 983,431 .3502,837 567,237 312,112 583,397 '459,449 2562,977 Other cash 210,377 15,725 50,930 15,463 19,116 10,871 16,080 22,727 8,922 4,908 11,270 9,088 25,277 Discounts'*and advances 399,334 15,700 205,265 10,835 3,675 20,277 6,100 92 ¿00 10,400 8,100 7,650 18,932 Industrial loans 3,247 123 2,413 15 81 300 15 300 U. S. Govt. securities; Bills 13,188,786 819,077 3,162,168 895,219 1304,540 894,948 640,124 1969,271 578,774 339,017 639,901 479,411 1406,336 Certificates 6,277,511 441,443 1,558,317 475,047 599,981 394,425 335,466 815,917 316,676 167,407 290,276 270,004 612,552 Notes 1,714,950 120,597 425,716 129,779 163,910 107,754 91,645 222,901 86,512 45,7.32 79,299 73,762 167,343 Bonds . 1,114,442 78,369 276,647 84,335 106,515 70,023 59,555 144,849 .56,219- 29,719 51,532 47,933 108,746 Total IT. S. Government securities 22,295,689 1459,1+86 5,1+22,81+8 158!+,380 2174,946 11+67,150 1126,790 3152,938 1038,181 581,875 1061,008 '871,110 2354,977 Total loans and securities 12,698,270 li+75,309 5,628,113 1597',628 2178,636 11+87,508 1132,890 321+5,638 101+8,581 589,975 1068,673 871,110 2374,209 Due from foreign banks 110 7 1/40 10 10 5 4 14 3 3 5 5 8 F.R. notes of other banks 90,712 5 ,*662 16,405 6,896 4,248 5,538 . 7,579 8,803 5,674. 3,280 4,973 3,156 18,463 Uncollected items 2,013,169 154,714 401,838 114,439 197,930 151,650 114,848 532,511 85,071 5l,5li 113,292 70,719 224,646 Bank premises 33,955 1,577 8,766 3,373 4,026 2,808 1,585 3,134 2,082 1,237 2 ,620 853 1,394 Other assets 64,707 4,538 14,513 4,854 6,279 3,834 3,679 8,632 3,757 1,738 3,015 2,384 6,834 TOTAL ASSETS 1+3,01+0,127 21+69,535 11,383,513 2603,289 3592,541 2501,913 2260,096 712i+,351 1721,327 964,764 1787,21+3.1417,242 5214,308 l/ After deducting $70,000 participations of other Federal deserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis