H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form FR.-283 STATEMENT FOP TTTL PRESS Released for publication Board of Governors Saturday morning* N©v* 25: of the Federal Reserve System hot earlier. November 2.I.I., 1939 CONDITION OF TFE FEDERAL RESERVE BANKS During the week ended November 22 membjr ban1.: reserve balances increased. $32,000,000« Additions to member bank reserves arose from decreases of $98*000,000 in Treasury deposits v.-ith Federal Reserve banks and $1+5* 000,000 in nonmember deposits and other Federal Reserve accounts., and increases of $22,000,000 in gold stock and v3,000,000 in Treasury currency, offset in part by increases of $50,000,000 in money in circulation and $16,000,000 in Treasury cash, and a decrease of $70,000,000 in Reserve bank credit. Excess reserves of member banks on November 22 v’cro estimated to be approximately $5# 170,000,000, unchanged for the week* The principal change in holdings of bills and securities was a decrease of $56,000,000 in United States Government securities, direct and guaranteed; holdings of bills decreased $28,000,000, of bonds $22,000,000, and of notes $6,000,000. Changes in member bank reserve balances and related items during the week and. the year ended November 22, 1939# were as follows: Increase or decrease since Nov. 22 Nov. 15, Nov. 23. I939 1939 1938 (In millions of dollr.rs ) Bills discounted 8 + 2 + 1 Bills bought — 1 U. S# Govrt securities, direct and guaranteed 2,593 - 56 + 29 Industrial advances (not including 10 million commitments - November 22) 12 3 Other Reserve bank credit 32 - 16 + 31 Total Reserve bank credit 2,61+5 - 70 + 58 Gold stock 17,257 + 22 +3,oi7 Treasury currency 2,9)12 + 3 + 175 Member bank reserve balances 11,619 + 32 +2,801 Money in circulation 7 + 50 + 671 Treasury cash 2,357 + 16 - 360 Treasury deposits with F# R* banks Ì466 - 98 8 Nonmember deposits and other F#R. accounts 968 - U5 + l/tf Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Torra FE~ 28j~0. Released for publication Saturday morning, Nov, 25, 1939; not earlier, STATEKEI1T OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Nov. 22, Nov. 15, Nov. 23, 1939 1939 1933 A S S E T S Told certificates on hand and due from TJ, S. Treasury lU,871,655 + 5,001 +3, 3 7 9 ^ .Redemption fund - F. R.notes 9, Iila - 839 921+ Other cash 330,931 -22,785 - 31,926 Total reserves 15,212,000 -18,623 +3,3'uS,6oli. Bills discounted* Secured by U, S.Gqv1t obligations, direct and guaranteed 1,5^0 + h51 2,217 Other bills discounted 6,M.l8 + 1,052 + 3,602 Total bills discounted 7,988 + 1,503 + 1,385 Bills bought in open market — — 5^5 Industrial advances 11,568 + 7 3,631 TJ. S. Governnent securities, direct and guaranteed! Bonds 1,283,1^7 -21,995 + 1+96,120 llotes 1,233,225 - 5,9^7 + 68,660 Bills 76,705 -28,000 - 535,/ii8 Total U. S. Government securities, direct and guaranteed 2,593,377 -55,91 >2 + 29,362 Total bills and securities 2,612,933 -5i<Ji32 + 26,571 Due from foreign banks hi - 129 .r. R. notes of other banks 2l,lil6 - 1,770 2,291 Uncollected items 692,318 -272,li99 + li8,2lil+ Bank premises ¿42,051 + 16 2,1 Ii2 Other assets 70,396 185 + 19,7lU : 0 T A L A S S E T S 18,651,191 -3.117,! 193 +3,-l'36,571 L I A B I L I T I E S R. notes in actual circulation n>02r5,953 + -2a,‘699 + U63,U80 Deposits» Member bank - reserve account 11,619,108 + 32,032 +2,800,853 U. S. Treasurer- General account 1(65,987 - 98,136 8,329 Foreign bank 1|03,21l9 - 51,028 + 191,168 Other deposits 323,255 + 5,527 - 27,103 Total deposits 12,811,679 -111,605 +2,956,509 Deferred availability items 660,081 -256,833 + 16,806 Other liabilities including accrued dividends ii,8l;8 5 lbl T O T A L L I A B I L I T I E S 18,302,561 -3 k 7 M +3,^36,656 C A P I T A L A C C O U N T S Capital paid in 13^919 683 + 906 Surplus (Section 7) lJ+9,152 rnmmm + 1,1.1.13 Surplus (Section 13b) 27,261* 1+19 Other capital accounts 37,295 + 93U 1,985 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 18,651,191 -M U 93 +3Ji36,571 Ratio of total reserves to deposit and F. R. note liabilities combined 86.2% + .5% + 2.7% Contingent liability on bills purchased for foreign correspondents mmmm mmmm 32k ’ommitments to make industrial advances 9,800 119 •'4,535 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

i'arm FR—283—b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OK IIOVEMBER 22, 1939 (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 San Fran. >old certificates on hand and due from U.S. Treasury l)',871,655 838,556 7,01l>,o’lO 799,69h 938,998 388,)’12 272,398 2,521, llil h26.2o7 2)13,Ii28 3h5,6h5 232,)..! 86 8h9,690 Redemption .fund — F.R. notes 9,hlh l,01fi 976 1,308 939 8l.il 266 767 802 ?33 50h 309 1,375 Other cash 330,931 31,222 77,769 27,021; 25,106 22,198 17,969 0,9 08 15,008 9,726 16,2.1'-9 17,063 30,609 Total reserves 15,212,000 070,792 7,093.. 685 828,026 965,0)1.3 )ai,)'5l 290,633 2,562,816 1J 12,077 253,38? 362,390 2)1.9,930 801,75h ■sills discounted» Secured by U. S. Gov*t obligations, direct and guaranteed 1,5-'0 75 77-h lii-8 193 61 60 15 100 1.L 15 ,?5 Other bills discounted 200 3,058 321 ho6 186 180 :h.8 160 151 997 97 230 Total bills discounted 7,988 275 3,832 1+69 599 2l'7 2I1.0 5h3 131 251 997 101 253 Industrial advances 11,568 l,hlO l,97h 3,138 326 1,007 672 hilh 7 808 183 510 1,081 J. S. Government securities, direct and guaranteed: Bonds l,283,'‘h7 93, ceii < ! (jd • lOj) 110,089 133,761 65,800 51,h9h 1)10,650 );-3,273 3’i,5)'l 57,233 l.;6,lo7 1C5,2W-1 Notes 1,233,225 89,381.'- 386, »i26 105.781 128,525 63,225 119,1+78 135,155 'il,579 33,190 5h,99h hh,3ol 101,127 Bills 76,705 5,560 2»-,035 6,579 7,99h 3,933 3,078 8,h06 2,506 2,06l.i 3*1421 2,759 0,290 rotal U. S. Gov1t securities direct and guaranteed 2,593,377 187,968 812,621 l 222, ld'-9 270,280 132,958 10)4,050 2Oh,219 67,h3& 69,795 115,6h0 93,237 212,661 iot-.-ij bills and securities 2,612,933 189,661 818,100 22.0,056 271,205 13)1,212 ich,962 205,206 87,626 70,85h 116,828 93,898 213,995 Due froF1 foreign banks h7 3 18 5 h 2 2 6 1 * 1 1 h F.R. notes of other banks 21,);) >6 1-.S8 3,302 981 1,677 3,39)' 1,709 2,507 1,720 796 l,2h5 h37 3,102 Uncollected items 692,510 69,CC2 166,333 51',269 79,1^5 59,63h 28,351 93,856 29,966 18,hl0 32,1-! 82 25,285 3-h,785 Han \c prprp 1S6 s .'i2,051 2,89b 8,888 h, 59’l 5,881 2,557 2,037 3,0?l 2,251 1,500 3,119 1,266 3,189 Other assets 70,396 h,6i7 22,35)4 6,078 7,7)!6 h, 176 2,987 7,126 2,190 1,925 2,9ll4 2,hh9 5,826 lUiAL ASSETS 18,651,191 1,136,261 o,113,010 1,120,009 1,330,701 615,1l26 ) 1.30,661 2,955,308 565,0)i7 3h6,872 518,987 373,27h 1,1) ¡2,735 *Loss thr-.n $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form FR-283-c STATEMENT OF COEDITION OF THE FEDERAL RESERVE BANKS OIÎ NOVEMBER 22, 1939 (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 San Fran. F.R. notes in actual cir­ culation b, 825*953 599*6^5 1*212,I116 359*9^-;. U)9*995 229, 1!: 0 159*015 1,058,268 188,936 139*001 0,565 83,187 386,115 Deposits* Member bank-reserve account 11,619*188 572,168 6,.155*39'!- 591*217 651,766 281,800 201,329 1,635*0''9 292,150 155*157 622,625 U.S.Treasurer-General account 1+65*987 58,5lió 115*’>53 55*007 74,520 8,209 8,275 69*832 18,903 15*501+ 2ii,o80 Foreign bank ' 03,2» 19 28,56K l1,9*8l-h 58,21'l 56,659 16,9’'0 13*789 > ¡7*670 11*1(25 9,061 28,1+53 Other deposits 323,255 6,C27 CL C.. y }86'' ' 12,909 7*965 6,686 7*396 .'-1,9/¡8 13*520 5*217 1+55 5*018 22J+5I+ Total deposits 12,811,679 645^905 6,628,535 695*51 '1 770,688 515*635 230,789 i*757*!'99 335*998 182,719 298,39h 255*958 698,212 Deferred availability items 660,081 68,231 1?'9*975 51,6oli. 76,565 57*^97 27*895 9h* 817 30,070 15,8lj-5 29*67h 2/i, 858 53*05U Other liabilities including accrued dividends ’i, 81.1.8 573 1*850 1'77 J- • k^ !. 158 208 ■M :3 181 lho 185 129 270 TOTAL LIABILITIES 18,3C2,561 1,11.-:-, 15 k 7*992,506 l,087,372 1,297,700 6oo,hio h 17,905 2,911,027 555*185 557*705 508,818 362,132 1*117,611.9 C A P I T A L A CTO 0 U H T“S Capital paid in 131.1,919 9*583 50,917 12,115 13*823 5*117 Is, 56? 13*060 ':* O35 2,920 h*305 h,051 IC.oSl Surplus (Section 7) I* i-9*l52 10,083 52,'163 15,696 lh,323 h,98'3 5*6'3o 22,ööü U*685 5*153' 3*ol3 3,892 9*965 Surplus (Section 13b) 27,261+ 2,87!' 7* li 57 ' t,l+l6 1,007 5*295 715 l,h29 5h5 l.ooi l,lh2 1,266 2,121 Other capital accounts 37*295 1*767 9*667 2,iao 3,8lt.8 1,625 1*865 7*206 1*397 2,089 1,111 1*933 2.579 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 10,651,191 1,130,261 e,113,010 l.120,009 1,,550,701 615,/J26 430,681 2,955*388 565*8/1.7 3h6,872 518,987 575*2714 1,11^*735 Commitments to make industrial advances 9,800 1j-80 1,907 922 1*337 860 78 22 hio oh 550 — ~ 3*170 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 61 to 91 days to 6 months 1 Year 2 Years to Over Total 15 days 30 days 60 days 90 days 6 months to 1 Year to 2 Years '5 Years 5 Years Bills discounted 7*988 1*855 3 *>'-95 202 173 2,217 50 -- — -- Industrial advances 11,568 l* 502 501 1,166 355 95I1. 2,091 2*855 2,31+6 -- U. S. Government securities, direct and guaranteed 2,595*377 76,705 -- — — 161,705 156,785 3 ' j2 * 221 685*387 1*190,576 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form FR—283—d FEDERAL Total Boston Hew York Phila. Federal Reserve notest Issued to F*R. bank by F.R.agent 5,100,''>35 »122,275 1,296,19':- 357,591 Held by Federal Reserve bank 27,i,-,'fi2 22,630 8'|-,0I,8 17,6^7 In actual circulation ''*-,825,953 399,6/<5 1,212, l'.6 339,9' • • Collateral held by agent as se­ curity for notes issued to bank! Gold certificates on hand and due from U. S. Treasury 5,205,000 lJ-i.0,000 1,315,000 370,00c Eligible paper 2,U32 275 839 l'i-8 Total collateral 5,207,''32 i'h-0,275 1,315,839 370,l)i-8 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESERVE HOTE STATELIEST I! 1I0VE.IBER 22, 1939 (In thousands of dollars) Clove. Rich. Atlanta Cliicago St.Louis Minn. .Gy. Dallas San Fran. J'-70>*'78 239,783 170,823 1,083,117 199,196 lii2,521 188,762 90,'l8C U39,215 20,Ji.85 10,6.U3 11,808 2h,8l.i.9 10,260 3,520 8,197 7,293 53,102 ''9,993 229,l’'-0 159,015 1,058,268 188,936 139,001 180,565 83,187 38o,113 by)',ooo 2!'5,000 17):,ooo 1.090.000 203,000 lii5,500 190,000 9.!', 500 J-i6i|,000 105 85 155 825 l.!.7'!-,ooo 2,-5,i05 17^,000 1.090.000 203,085 li: 5, 655 190,825 9h,5oo !i.o-h, 000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis