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, March 22; of the Federal Reserve System not earlier. March 21, I946 CONDITION. OF. TJE. FEDERAL RESERVE BANKS During the week ended March 20 member bank reserve balances decreased $179,000,000, Reductions in member bank reserves resulted from increases of $373,000,000 in Treasury, deposits wi£h Federal Reserve Banks, $30,000,000 in nonmem­ ber deprsits and other Federal Reserve accounts, and $7.000,000 in Treasury cash, offset in part by increases of $60,000,000 in Reserve Bank credit and $11,000,000 in Treasury currency and a decrease of $57.000,000 in money in circulation. Excess reserves of member banks on March 20 were estimated to-be approximately $880,000,000. Holdings of loans, discounts and advances decreased $227,000,000 while, holdings of United States Government securities increased $199.000.000» The in­ crease in holdings of United States Government securities reflects an increase, of $29^;000,000 in b ills and decreases, of $44.000,000 in bonds, $33.000;000 in certificates and $18,000,000 in notes. Changes in member bank reserve balances and related items during the week and 'the year ended March 20, 1946, were as follows: Increase or decrease since March 20. March 13, March 21, 1946 1946 1945 (In millions of dollars ) U. S. Government securities' 22 ,592 + 199 •f 3,099 Loans, discounts and advances 485 - 227 + 289 Other Reserve Bank cr-dit 4o6 + 89 • 78 Total Reserve Bank credit 23,483 + 60 ' + 3,310 Gold stock 20,233 + 1 - 218 Treasury currency 4.467 + 11 •k 347 Member banic reserve balances 15.484 - 179 4* 905 Money in circulation " 27,889 - 57 + 2,053 Treasury cash 2,267 + 7 • 93 Treasury deposits with F.R, Banks 774 + 273 + 678 Nonmomber deposits and other F,R,accounts 1.770 + 30 - ;io4 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL fiESEJRTE BANKS ON MARCH 20, 1946 (In thousands of dollars) L I A B I L I T I E S Total _ Boston Mew York Phila. Cleve. Rich. Atlanta Chicago. St .Louis Minn • Kans.Cy. Dallas SanFran. Federal Reserve notes 24,012,331 1447,641 5,286,1*06 1605,050 2035,216 1678,572 11*39,248 4-375,1*30 1045,365 54-9,577 392 ,918 595,311* 3061,586 Deposits: Member bank-reserve acct. 15,433,606. 700,111 4,762,979 781*, 909 111*2,788 675,926 738,003 2227,306 582+,266 378,960 766,396 728,702+ 1993,258 U,S.Treasurer-general acct. 773,934 '39,339' 188,525 52,950 78,650 58,652 32,751 96,618 34,413 35,682+ 56,781* 36,310 63,258 Foreign 71*9,018 45,775 1/274,602 58,998 66,106 33,4-09 27,011 95,250 24,168 17,771 23,457 22,72+6 59,725 Other 1+81,4.54: ...3,012 387,573 3*397 9,l*l6 6,1*00 2,680 4,870 9,367 4-,4.30 1,888 936 2+6,935 Total deposits 17,488,012 788,237 5,615,679 900,752* 1296,960 772*,387 800,42+5 2424,01*1* 652,214. 1+36,895 82*8,525 788,696 2163,176 Deferred availability items 1,982,1*52 164,17.2 365,139 130,427 190,161 168,046 159,598 264,82+0 . 96,976 2+6,71*1 112,226 88,359 195,767 Other liabilities including accrued dividends 11,575 .855 3,122+ 651 •1,088 523 459 1,970 1*12 715 ’ 4l2+ 1*21 9l*3 TOTAL LIABILITIES 1*3,1+94,570 21+00,905 11,268,51*8 2656,890 5525,1*25 2621,528 2399,750 7066,281* 1791**967 1033,928 1852+; 083 11+72,790 5421,472 Capital paid in 180,970 10,771 64,252+ 13,41+9 16 116 7,570 6,730 21,518 5,773 3,952 5,935 6,305 16,597 Surplus (Section 7) 353,355 22,1*39 116,360 23,946 33î745 15,593 ll* ,2+50 55,029 12,939 8,869 11,891 10,670 28,924 Surplus (Section. 13b) 27,428 3,012 7;205 1*, 501 1,007 3,326 762 1,429 527 1,073 1,137 1,307 2,142 "Other papital accounts 41*,719 3,3l4l 7,212 3,2*74 3,954 3,1+03 3,072 5À36 2,605 2,202 2,685 2,608 2+,727 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 42+, 105,81+2 241*0,2+68 11,2+63,879 2637,260 3580,22+7 2651,2+20 2i*24;764 7147,696 1 316,811 1050,02!* 1875,731 1493,680 5473,862 Commitments to make industrial loans 1,968 100 1,111 300 200 178 79 F. R% notes outstanding 25-.l?5,?-U 1504,250 ,5*09,730 1696,82!* 2125,912 1773,024 1531,661 42*95,615 1114,342+ 564,632 552,723 642+,223 3282,795 Collateral for F. 3. notes held by F. R. agents: Co 1 d certificates 11,332;,000 460,000 5,1*20,000 500,000 635,000 600,000 690,000 2010,000 500,000 "3.70,000 280,000 l 69,OOu 2100,000 Eligible paper 391,685 19,050 285,500. 8,865 ---- 1* ,1+50 ...................... 37,250 5,3.50 28,200 3,020 U* S* Govt, securities^ li*, 563,160 1100,000 2,000,000 1200,000 1550,000 1225,000 .850,000 2500,000 933,160 400,,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 6l to 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 1+83,560' . 410,220 15,215 39,020 ^1,9 ,105 Industrial loans 1,529. . 1,382 1 6 66 28 33 15 10 U. S. Govt, securities 22,592,356 1* ,.35l+,393 2,04.6,719 4,72+5,903 4,686,587 2,794,040 2,9llf,02i* 1*60 ,500 590,190 l/ After deducting §4-72+, 118,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F* R. 203a Released for publication Friday norning, ¿larch 22,19I46; not earlier* 'STxTEimH 'OF CONDITiON OF THE TWBLV3 FEDERAL RESERVE BANKS COMBINED (Ixi thousands of dollars) Increase or decrease since tiarcn 20, March 13, March 21, 19^6 191*6 191*5 A S S E T S Gold certificates 17,289,060 505 - 351,705 Redemption fund for F# R. notes 787,01*3 - 1.591 + 11*0,31*6 Total gold certificate reserves 18,076,103 - 2,096 - 211,359 Other cash 33:7,068 91*2 + 77,338 Discounts and advances 1*83,560 -226,985 + 291,006 Industrial loans 1,52.9 13 - 2,397 U. S# Govt, securitiess Bills 13,630,700 4-293,588 +1,71+7,117 Certificates 6,703,911* - 32,500 +1,293,1*03 Notes 1,351*, 800 - 17,900 + 288,1*50 Bonds 902,91+2 - 1*3,950 - 229,130 Total U, S. Government securities ’ 22,392,356 +199,238 +3.099,81*0 Total loans and securities 23, O', 7,1*1*5 - 27,760 +3,388,1*1*9 Due from foreign banks 110 6 F. R. notes of other banks 11*3,901 + 6,586 + 59,935 Uncollected items 2,388,190 +161,158 + 253,517 Bank premises 33,22k 10 1,11*6 Other assets 1*9,801 - 7,590 1*,1*37 TOTAL ASSETS 1*1*, 105,©1*2 +129,31*6 +3,562,291 L I A B I L I T I E S * Federal Reserve notes 21*, 012,331 - 59,093 +1,756,782 Deposits * ember bank - reserve account 15,1*83,606 -179.561* + 905,073 U.S#Treasuror - general account 773,931* +272,1*61* + 677,811 Foreign 71*9,018 + 5,883 - 1*80,801* Other 1*81,1*51* + 15,020 + 261+, 550 Total deposits 17,1*88,012 +113,803 +1,366,630 Deferred availability items 1,982,1*52 + 72,793 •+ 332,078 Other liabilities including accrued dividends 11,575 + 291 + 1,986 TOTAL LIABILITIES 1*3,1*91**370 +127,791* +3,1*57,1*76 C A P I T A L A C C O U N T S Capital paid in 180,970 + 155 + 13,987 Surplus (Section 7) 358,355 + 130,202 Surplus (Section 13b) 27,1*28 + 263 Other capital accounts 1*1*,719 + 1,39*7 * 39,637 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*1+, 105,81*2 +129,31*6 +3,562,291 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 1*3.# i*.l7° Commitments to make industrial' loans 1,968 + 223 1,169 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form Ft R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 20, 191*6 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Uinn. Ivans. Cy. Dallas SanFran. Gold certificates 17,289,060 732,192 5,007,789 816,01+1 1118,01*2 917,667 1000,319 3012,559 539,62o 325,178 586,791 1*51,225 2781,637 Redemption fund for i»1. R. notes 787,01+3 58,563 121,570 60,751 77,21*7 62,122 !*1*,!*10 127,1*93 1*2,750 20,060 35,037 25,967 111,073 Total gold certificate reserves 18,076,103 790,755 5,129,359 876,792 1195,289 979,789 10I+I+, 729 311*0,052 582,370 31*5,238 621,828 1*77; 192 2892,710- Other cash 337,068 35,1+65 70,91*9 21,31*9 31,899 2!*, 029 21+, 100 39.297 12,283 1**369 18,116 11,885 1*3,327 Discounts and advances 1*83,560 21,650 298,820 12,185 36,205 6,330 8,670 17,510 38,610 6,350 29,520 1,330 6,380 Industrial loans 1,529 96 ---- 1,395 — 38 — -- — — — — U. S. Govt, securities: Bills 13,630,700 808,1*28 3,185,293 931*, 677 1219,668 839,596 691,598 21*20,635 616,1*19 386,360 6 33,576 500,938 1393,512 Certificates 6,703,91k 1*55,592 1,698,06!* 505,828 632,980 1*18,950 31*6,508 861,930 330,891 181,173 326,21*8 29I*, 291 651,1*59 I\Totes l,35l*,800 92,071 31*3,163 102,221* 127,919 8i+, 666 70,027 I7I*, 188 • 66,870 36,613 65,931 59,1*71* 131,651* Bonds 902,91*2 61,363 228,710 68,130 85,255 56,1+28 • 1*6,671 116,092 1*1*,567 21*,1*02 1*3,91*2 39,638 87,71*1* Total U# S. Government securities 22,592,356 11*17,1*51* 5,1*55,230 1610,859 2065,822 1399,61*0 H5l*,80l* 3572,81+5 1058,71*7 628,51*8 1069,697 89l*,3l*l 2261*, 369 Total loans and securities 23,077,1*1*5 H*39,2oo 5,75!*,050 1621+,1*39 2102,027 H*o6,oo8 1163,1*71* 3590,355 1097,357. 63I*, 898 1099,217 895,671 2270,71*9 Due from foreign banks 110 7 1/37 9 10 5 1* 15 1* 3 1* 3 9 J?#R. notes of other banks 1^3 Q01 3,619 18,31*9 l*,oi+3- 6,1*86 39,5H 12,108 13,592 7,61*9 5,005 6,739 !*,6!*7 22,163 Uncollected items 2,388,190 166,658 1*70,736 15I*, 113 235,195 196,1*9!* 176,11*1* 351*, 578 112,31*3 57,766 ,125,090 101,353 237,720 Bank premises • 33,22!* 1,31*3 8,638 3,289 3,961 2,755 1,561 3,105 2,0l+8 1,272 2,579 823 1,850 Other assets 1+9,801 3,1*21 11,761 3,226 5,380 2,829 2,61*1+ 6,712 2,757 1,1*73 2,158 2,106 5,331* TOTAL ASSETS !*!*, 105,8i*2 21*1*0,1+68 11,1*63,879 2687,260 3580,21*7 2651,l*2o 21*21*,7&* 71U7,696 1816,811 10$0,021+ 1875,731 l!i93,680 51*73,862 l/ Jifter deducting $73,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis