H.4.1 Factors Affecting Reserve Balances of Depository Institutions

-Ft>fin F. R. 283 STATEMENT FDR IBS PJESS Released for publication .Board of Governors Friday morning, Aug. 31» of the Federal Reserve System not earlier. ' Aug. 30, 1945 CONDITION OF THE FEDERAL RESERVE- BAMS During the.week ended August 29, member bank reserve balances increased $78,000,000, Additions'to member bank reserves resulted from a decrease of $274*000,000 in Treasury deposits with Federal Reserve Banks and an increase of $14,000,000 in Treasury’currency, offset in part by increases of $94*000,000 in money in circulation, $^4,000,000-in-Treasury cash, and $20,000,000 in nonmember deposits and other Federal Rese/ve accounts, and a’ decrease of-$79,000,000 in Reserve Bank credit* Excess reserves of member banks on August 29 were estimated to be approximately $1^020,000,000, Holdings of loans, discounts and advances iscreased $42,000,000 and of United States Government securities $62,000,000. The increase in holdings of United States Government securities reflects a decrease of $57*000,000 in bills and increases of $107,000,000 in certificates and $12,000,000 in notes. Changes in member bank reserve.balances and related items during the week and the year ended August 29, 1945» were as followsj Increase or decreased since Aug, 29, Aug. 22, Aug. 30, 1945 ‘ 1945 1944 (In millions of dollars) U. S. Government securities 22,358. + 62 +6,506 Loans, discounts and advances 445 + .42 + 350 Other Reserve Bank credit 260 -184 + 40 Total Reserve Bank credit 23,063 - 79 +6,896 Gold stock 2'0,088 — - 858 Treasury currency 4,215 + 14 + 101 Member bank reserve balances 15,070 + 78 +1,938 Money in circulation 27,600 + 94 +4,379 Treasury cash 2,262 + 14 - 145 Treosu-ry deposits with F.’ft# Banks 397 -274 + 79 November deposits'and other F. R. accounts 2,035 +• 20 - 114 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 29, 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 23,805,183 1466,439 5,212,817 1571,986 2078,407 1627,937 1427,249 4355,179 1001,717 524,293 891,510 605,590 3042,059 Deposits : Member bank-reserve acct. 15,070 ,:3£i 688,008 4,775,658 752,117 1153,356 646,964 654,249 2242,773 553,132 343,843 754,307 690,950 1814,499 U.S.Treasurer-general acct. 3^7*477 24,004 102,716 27,836 • 31,026 28,791 23,629 37,436 22,439 23,033 22,177 19,272 35,118 Foreign 1,167,951 75,390 1/454,467 98,338 97,220 46,934 39,112 145,272 33,524 25,702 33,524 33,524 84,944 Othar 409,521 4,561 “ 314,391 3,990 9,489 6,949 4,445 4,112 11,171 2,286 1,937 1,585 44,105 Total deposits 17,045,310 ■.791,963 5,647,732 882,281 1291,091 729,638 721,435 2429,593 620,266 394,869 812,1(45 745,331 1973,666 Deferred availability items 1,393,768 1.03,027 274,423 85,661 153,486 102,547 85,396 201,986 65,437 33,640 86,670 56,41+6 150,049 Other liabilities including accrued dividends 9,793 817 2,188 695 1,048 605 493 1,347 375 . 372 1+15 467 971 TOTAL LIABILITIES 42,259,054 2362,246 11,137,160 2540,623 3524,032 2460,727 2234,573 6988,105 1687,795 953,174 1791,040 1407,334 5171,745 Capital paid in 171,834 10,367 60,875 12,935 17,396 6,905 6,i84 20,505 5,514 3,723 5,635 5,943 15,852 Surplus (section 7) 228,153 15,239 84,903 19,872 19,071 7,313 7,936 33,201 7,048 4,950 6,190 6r025 15,899 Surplus (section 13^>) 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 121,012 7,344 26,356 8,653 13,439 7,795 6,664 17,547 6,041 4,712 5,848 5,057 n,556 TOTAL LIABILITIES AND CAPITA ACCOUNTS 42,807,218 2398,076 11,316,437 2586,551 3574,945 2486,530 2256,119 7060,787 1706,925 967,632 1809„856 1426,166 5217,194 Commitments to make industrial loans 4,962 100 ---- 3,385 20 300 — 376 — — 193 588 F* R. notes outstanding 24,453,598 1503,456- 5,351,441 1618,139 2125,617 1656,848 1473,792 4429,652 1049,193 533,204 914,849 631,600 3165,807 Collateral for F. R. notes held by F. R. Agents: Gold certificates 11,411,000 620,000 3,520,000 520,000 680,000 525,000. 660,000 2295,000 300,00,0 178,000 280,000 i64,ouo 1649,000 Eligible papor 300,909 13,950 217,465 16,185 — 8,827 ---- — 13,570 5,080 20,300 ---- 5,532 U. S. Govt, securities 13,294,051 900,000 1,800,000 1100,000 1450,000 1150,000 800,000 2150,000 849,051 360,000 650,000 Ii35,000 1600,000 ■ MATURITY DISTRIBUTION OF LOANS AIÏD SE CURII?IES Within l6 to 31 to 6l to 91 dr.ys to 6 months 1 to 2 2 to 5 Over 5 Total 15 days 30 days 60 days 9C) days 6 months to 1 year years years years Discounts ana advances 442,239 389,814 19,100 12,,800 20,525 —— Industrial loans 2,987 2,005 8 4 27 686 55 104 98 u. S. Govt, securities 22,357,542 3,934,987 2,170,627 4,956,010 4,099,965 1,791,150 3,876,011 273,800 507,652 747,34-0 l/ After deducting $712,948,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Eotrnt* F. R. 283* Released for publication Friday morning, August 31*19^5; n°t earlier# STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Aug* 29, Aug. 22, Aug. 30, 1945 1945 19W+ A S S E T S Gold certificates 17,239,315 - 6,000 -1,085,050 Redemption fund for F# R. notes 687,097 + 3,585 + 232,546 Total gold certificate reserves 17,926,412 - 2,415 - 852 , 504 Other cash 220,293 + 9,916 - 48,351 Discounts and advances 442,239 + 42,905 + 356,9^0 Industrial loans 2,907 260 7,091 U. S. Govt, securities: • Bills 13,131,639 - 57,147 +3,011,307 Certificates 6,384,511 +107,000 +3,002,521 Notes 1,726,950 + 12,000 + 646,579 Bonds 1,114,442 — - 154,984 Total U. S. Government securities 22,357,542 + 61,853 +6,505,423 Total loans and securities 22,802,768 +104,498 +6,855,272 Due from foreign banks 110 -- 26 F. R. notes of other banks 98,574 + 7,862 + 18,545 Uncollected items 1,658,419 -35^,750 + 172,840 Bank premises ' '33,908 - ,47 654 Other assets 66,734 + 2,027 193 TOTAL ASSETS 42,807,218 -232,909 +6,144,924 L I A B I L I T I E S * Federal Reserve notes 23,805,183 +111,002 +4,110,129 Deposits: Member bank-reserve account 15,070,361 + 78,696 +1,9^8,102 U,S#Treasurer-general account 397,477- -273,780 - + 79,361 Foreign 1,167,951 - 2,288 - 228,950 Other U09,521 + 22,308 + 27,441 Total deposits 17,045,310 -175,064 +1,815,954 Deferred availability items 1,398,768' -170,977 - •+ 132,593 Other liabilities including accrued dividends 9,793 + 21 + 1,102 TOTAL LIABILITIES* 42,259,054 -235,018 +6,059,783 C A P I T.a L A C C 0 U N T S Capital paid in 171,834 + 203 + 12,312 Surplus (Section 7) 228,153 — + 40,056 Surplus (section 13b) • 27,165 ?“ + 200 Other capital accounts 121,012 + 1,906 "'■+ 32 ,’573 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 42,807,218 -232,909 +6,144,924 Ratio of gold certificate reserves to deposit and F.R.note liabilities combined 43.9?» + .1% ' - ‘ 9;^ Commitments to make industrial loans 4,962 + 106 + i,o44 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forai ,F. R. 283b STATEMENT OF CONDITION OF THE' FEDERAL RESERVE- BANKS Q» AUGUST 29,1945 (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 17,239,315 744,200 5,180,308 802,544 1094,812 796,049 950,709 3370,665 531,988 301,242 564,316 441,571 2460,911 Redemption fund for - ; F. R. notes 687,097 1*5,474 94,083 55,746 72,744 58,616 4o,8i8 108,837 4‘3,459 18,060 33,672 24,607 90,981 Total gold certificate reserves 17,926,412 789,674 5,274,391 858,290 1167,556 354,665 991,527 3479,502 575,447 319,302 597,988 466,178 :2551,^92 Other cash 220,293 18,579 50,312 16,146 18,560 13,741 17,300 23,664 10,704 5,389 11,533 9,954 24,411 Discounts and advances 442,239 13,950 227,465 16,185 27,180 8,827 7,600 96,350 13,570 5,080 20,300 200 5,532 Industrial loans 2,987 123 — 2,236 -- 75 -- 238 — -- 15 -- 300 U# S. Govt.^ securities: B ills 13,131,639 804,279 3,075,83-6 - 8.77,566 1297,459 894,576 .637,012 1979,130 558,317 343,822 647,246 474,973 1541,423 Certificates 6,384,511 449,152 1,584,327 483,272 610,671 401,167 341,004 829,467 321,801 170,428 295,436 274,575 623,211 Notes 1,726,950 121,491 428,546 130,720 165,181 108,513 92,240 224,362. 87,043 46,099 . 79,9.13 74,269 168,573 Bonds 1, Li4,442 78,4oi 276,551 84,356 106,595 70,026 ^,525 144,786 56,171 29,749 51,570 47,928 108,784 Total U# S. Government securities 22,357,542 1453,323 5,365,260 1575,914 2179,906 1474,282 1129,731 3177,745 1023,332 590,098 1074,165 871,745 :2441,991 Total loans and securities 22,802,768 1467,396 5,592,725 1594,335 2207,086 1483,184 1137,381 3274,333 1036,902 ,595,178 1094,480 871,945 2447,823 Due from foreign banks 110 7 1/ 4o 10 10 5 4 14 3 3 > X 3 8 notes of other bai ;s 98,574 ' 5,508 18,316 6,666 4,576 5,259 7.658 9,222 6,418 4,154 6*4gë 4,250 19,595 Uncollected items 1,058,419 ’110,627 356,061 102,849 166,596 122,831 96,854 262,144 71,537 .40,593 93,701- 70,017 164,609 Bank premises 33,908 1,573 8,766 3,361 4,026 2,798 1,582 3,128 2,078 1,235 2,620 853 1,888 Other assets 66,734 '4,712' 15,326 4,894 6,535 4,047 3,813 8,780 3,836 • .1,778- 3,079 2,966 6,968 TOTAL ASSETS 42,807,218 2398,076 11,316,437 2586,551 3574,945 2486,530 2256,119 7060,787 1706,925 967,632 1809,856 1426,166 5217,19U l/ After deducting $70,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis