H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. ¿£33 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, ¡.larch 1; of the Federal Reserve System not earlier. February 2?, I9I46 •CONDITION OF THE FEDERAL RESERVE BANKS During the week ended February 27 member bank reserve-balances incr.ease^d $65,000,000. Additions to member bank reserves arose from decreases of. $11]*,000,000 in Treasury deposits with Federal Reserve Banks, $3.1,000,000 in nonmember 'deposits and other Federal Reserve accounts and $17*000,000 in money in cir­ culation and an increase of $13,000,000'in Treasury currency,offset in part by a decrease of $110,000,000 in Reserve Bank credit. -Excess reserves of member banks on February 27'Wero estimated to be approximately $1,11*0,000,000. Holdings ef loans, discounts and advances increased $23,000,000 while hold­ ings of United States Government securities decreased $1*5,000,000. The decrease in holdings of United States Government securities reflects' an Increase of $9,000,000 in b ills and decreases of $1*8,000,000 in certificates and $6,000,000 in notes. Changes in member bank reserve balances and related .items during the week and the year c-naed February 27, I9U6, were us follows} Increase or decrease since Feb. 27, Feb. 20, ■ Feb. 28, 191*6 191*6 19^5 .(In millions of dollars) U. S. Government securities 22,972 - U5 + 3., 533 Loafis, discounts and advances 382 + 28 + 57 Other Reserve Bank credit 323 • - 92 - 71 Total Reserve Bank credit 23,677 - 110 + 3,519 Gold stock 20,233 — - 273 Treasury currency k M 7 + 13 + 325 Member bank reserve balances 15,555 + 65 + 1,327 Money in circulation 27,938 - 17 + 2,107 •Treasury cash 2,317 - 1 - 38 Treasury deposits with F. R, Banks ■ 826 - Ill* + 366 Nonmember deposits and other F. R. accounts 1.720 - 31 - 271 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAUKS OF FEBRUARY 2?, 1946 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chica20 St.Louis Minn. Kans < Dallas 3anFran. Federal Reserve nonces 24,124,304 1450,122 5,282,687 I6l4,l47 202*4,575 1693,507 1142*7,586 4339,720 102*7,084 547,951 899,02)4 600,045 3107,836 Deposits i Member bank-reserve acct. 15,555,461 680,511 4 ,83.9,000 765,983 1150,691 701,774 745,973 2207,219 5924 ,661 377,399 775,957 732,652 1925,041 U.3.Treasurer-general acct■. 826,157 85,827 .196,480 690*0- 89 , 32 6 41,309 32,934 128,572' 29,323 30,724 31,367 34,24.9 55,622 Foreign 780,050 47,993 i/233,865 61 .-771 69,213 34,979 23,281 99 .,727 25.004 18 ,-06 24.560 23,315 02,531 Other • 422,058 .2,452 333,705 5,3 “.2 9,13,5 2,SI3 2 .1*26 3 225 9,936 2i ,308 1.•336 1,329 45,291 Total deposits 17,584,326 816,783 5,653,050 9-3,010 1313,335 731,075 307,614 2493,743 659,271* 431,537 33! ,220 792,045 2089,085 r ' ' f r-7 " Deferred availability i1 1,770,349 141,132 346,937 105,101 159, r44 137,-73 124,322 ¿00 ,t*7o 34; 656 33,655 109,807 30,148 170,198 Other liabilities including accrued dividends 10,694 562 2',8l0 635 1,116 539 2*94 2,077 396 303 401 414 9Ì0+ TOTAL LIABILITIES 43,489,673 2408,604 11,2850+84 2622,391 3523,920 2012,094 2330,010 7157,016 1791,410 1013,4^1 1342,472 1472,652 5374,063 Capital paid in 180,1448 10,732 6i* , ¿.’JÜ 13,2*33 13,096 7,427 6,673 21,484 3,752 3,93? 5,929 6,259 16,519 Jurplus (Section 7) 358,355 22,439 116,860 28,92'6 3 3,7 2-5 15,593 14,2-50 53,029 12,939 8,8-69 11 ,391 10,670 28,924 Surplus (Section 13^) 27 ¿28 3,012 7,205 4,501 1,007 3,326 762 1,429 527 1 ,073 1,137 1,307 2,142 Ocher capital accounts 39,541 3,052 5,053 3,077 5 0'-17 3,061 2,770 4,310 2,363 2,073 2,4s4 2,394 2i,217 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 144,09504+5 214x7,339 110+79,602 2672,81*8 3580,135 261*2,101 2404,676 7 2 37,768 18 1 2,991 10340+05 1363,833 11+93,282 5425,865 Commitments to make industrial loans 1,61*7 100 ---- 790 300 200 . . — — — — — 178 79 F. R. notes outstanding 25,196,1*00 1508,806 5,510,559 1692,897 2132,794 1777,81*0 1511,308 1*1*95,302 1107,708 561,892 .933,615 61*6,019 3311,660 Collateral for F. R. notes held by F. R. Agents: Gold certificates 10,969,000 1*60,000 3,520,000 500,000 035,000 600,000 680,000 1810,000 300,000 165,000 280,000 169,000 1850,000 Eligible paper 279,390 25,605 20I* ,110 9,11*0 —- 7,590 — —- Ó00 8,2245,0075 20 U. S. Ctavt. securities 15,01*2,969 1100,000 2,000,000 1200,000 1550,000 1225,000 850,^00 2700,0009 17;969 1*00,000 700,000 500,000 1900,000 MATURITY DISTRIBJT:;QM OF I0;j:'S ¿-ST) securities Within 16 to 31 to 6l to 9i to 6 months .1 to 2 2 to 5 Over Total 15 days 30 days oO days 90 days 6 iror.ths to 1 year years years 5 years Discounts and advances 380,075 302,660 17,850 6,675 52,890 Industrial ldans 1,589 1,397 45 6 '6 2.1 89 l4 11 U. S. Govt, securities 22,972,035 3,81*5,102 2,13!*,927 5,425,1+92 4,2(2*2,332 1,786,792 ■ 4’,286,700 360,000 690,690 l/ After deducting $¿4.96,¿4.00,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forn F. h. 283a Released, for publication Friday morning, fearch 1«, 1946} not earlier, dTii.Tj5L.SNT OF CONDITION OF THE TWELVE Fi^ERX kiSSERVE B.JSTKS CuiiBiNED (In thousands of dollars) Increase or decrease since ■Febf 27, Feb. 20, Feb. 28, 1946 1946 1945 i* S S jJ I 8 Gold certificates 17,266,565 + 18,005 - 458,300 Redemption fund for F. k. notes ' 752,367 . - 12,043 ■ + 161,557 Total gold certificate reserves 18,01+8,932 + 5,962 - 296,743 Other cash 353,515 + 4,783 + 89,141 Discounts and advances 380,075 + 27,465 + 59,299 Industrial loans 1,589 165 - 2,212 U. S. Govt, securities: Bills 13, 106,232 + 8,697 +1,275,846 Certifi cates 7,546,211 - 48,000 +2,629,071 Notes 1,372,700 - 6,000 - 187,021 Bonds 911 - 6,692 • - 185,180 Total U. S. Government securities 22,972,035 - 45,303 +3,532,716 Total loans and securities 23,353,699 - 18,003 >3,589,803 Due from foreign banks 110 6 F, k. notes of other banks 1 ^ 7,029 6,884 + 73,171 Uncollected items 2,093,208 -109,873 + 208,649 Bank premises 33,257 27 . . - 1/140 Other assets 65,695 + 1,949 1,035 TOTaL ASSETS ■ -122,09s +3,661,040 44,095,445' L I A B I L I T I E S Federal ke serve notes 24,124,304 - .26,790 +1,961,997 Deposits: iiember bank - reserve account 15,555,461- + 65,355 +1,327,008 U. S.Treasurer- general account 326,157 ' -114,2^2 + 365,973 Foreign 780,650 - 27,832 - 411,146 Oth L;r 422,058 - 4,121 + 32,962 Total deposits 17,584,326 - 80,890 +1,314,797 Deferred availability items 1,770,349 - 17,461 ’ + 279,831 Other liabilities including accrued dividends 10,694 + , 561 + .2,085 TOTaL LIABILITIES 43,489,673' -124,580 +3,558,710 C ^ P I T a L a G C C -u n t *s Capital paid in 180,448 + 306 + 13,941 Surplus (Scction 7) 358,355 — + 130,202 Surplus (section 13b) 27,428 -- + 263 Other capital accounts * 39', 541' ■+ 2,176 - '41,276 TGTaL LIABILITIES *iND C;,PIT*.L .¿COUNTS 44,095,445 -122,098 +3,661,840 Ratio of gold certificate reserves to deposit and F.k. note liabilities combined - 43. $ + .2fo' h»k% Commitments to make industrial loans 1,647 + 88 1,900 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form ‘í1. R. 283b STÁTELi&TT 'OF CONDITION OF THE FEDERAL RESERVE' B^NKS ON ÆBRÜ-RY 27, I9I4.6 (In thousands of dollurs)- S S Ü I S Total Boston Saw York Phila. C love . Rich. stianta Chicago St.Louis i-inn. Kans.Cy. Dallas SanFran. Gold certificates 17,266,565 741,193 5,268,952 841,339 1090,084 888,281 992,930 2948,891 573,826 333,248 573,436 460,142 2554,243 Redemption fund for i?. R. notes 782,367 58,790 107,290 60,527 77,522 61,391 44,684 136,770 42,840 20,096 35,109 26,026 111,322 Total gold certificate reserves 18,048,932 799,983 5,376,242 901,866 1167,606 949,672 1037,614 3085,661 616,666 353,344 608,545 486,168 2665,565 -ther cash 353,515 34,146 70,602 23,085 29,407 26,273 31,086 46,858 15,006 5,4,83 18,191 11,208 42,170 Ids counts and advances 380,075 28,165 217,430 12,46o 15.555 9,470 3,070 52,660 9,610 1/600 25,395 1,280 3,380 Industrial loans 1,589 101 — 1,449 -- 39 -- -- — -- -- U.S. Govt* securities: Bills 13,106,232 754,997 2,856,032 845,303 1209,674 831,419 668,820 2427,169 579,972 344,4n 601,669 461,703 1525,063 Certificates 7,546,211 515,555 1,901,989 570,112 716,367' 472,299 .390,573 969,501 371,503 204,821 367,299 330,699 735,493 Wotes , 1,372,700 93,783 345,969 103,706 130,312 85,913 71,047 176,358 67,579 37,258 66,813 60,156 133,792 Bonds 946,892 64,692 238,660 71,557 89,889 59,263 49,008 121,652 . 46,6l6 25,701 - 46,088- 41,496 92,290 * Total U.S. Government securities 22,972,035 1429,027 5,342,664 1590,658 211*6,242 1448,894 1179,448 3694,680 1065,670 612,191 1081,869 894,054 2486,638 Total loans and securities 23,353.699 1457,293 5,560,094 1604,567 2161,797 1458,403 1182,518 3747,340 1075,280 613,791 1107,264 895,334 2490,018 i>ue from foreign banks 110 7 • 1/ 37' ' • 9 • 10 5 4 15 4 3 4 3 9 *.R. notes of other banks 1^7,029 3,333 17,763 3,847 8,335 43,448 12,936 13,018 - 7,297 5,269 5,985 4,408 21,390 Uncollected items 2,093,208 147,263 431,084 131,616 202,281 157,299 135,415 333,608 93,058 53,488 118,036 92,398 197,662 Bank premises 33,257 1,343 8,656 3,289 3,970 2,755 1,561 3,110 2,052 1,260 2,585 82 6 1,850 Other assets 65,695 4,471 15,124 4,569 6,779 4,246 3,542 8,158 3,628 1,767 3,273 2,937- 7,201 tut^l .idSETS 44,095,445 2447,839 11479,602 2672,848 3580,185 2642,loi 24o4,676 7^37,768 1812,991 1034,405 1863,883 1493,282 5425,865 l/ After deducting $73,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis