H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form FR-283 STATELIER? FDR THE PRESS Released for publication Board of Governors Friday morning, April 12; of the Federal Reserve System not earlier. April 11, 1940. CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 10 member bank reserve balances increased $180,000,000. Additions to member bank reserves arose from decreases of $12,000,000 in money in circulation, $19,000,000 in Treasury cash, $102,000,000 in Treasury deposits with Federal Reserve banks, and $4,000,000 in nonnember deposits and other Federal Reserve accounts, and increases of $53,000,000 in gold stock and $2,0(30,000 in Treasury currency, offset in part by a decrease of $12,000,000 in Reserve bank credit. Excess reserves of member banks on April 10 were estimated to be approximately $5,950,000,000, an increase of $130,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended April 10, 1940, were as follows: Increase or decrease since April 10, April 3, April 12, 1940 1940 19?9 ' (in millions of doll. ars) Bills discounted 2 - 1 - 1 Bills bought - 1 U» S. Gov't securities,direct and g,u aranteed 2,467 - - - 97 Industrial advances (not including 9 million commitments - April 10} 10 - 4 Other Reserve bank credit 21 - 11 + 18 Total Reserve bank credit 2,500 - 12 - S4 Gold stock 18,523 + 53 +3,093 Treas'ury currency 2,993 + 2 + 151 Member bank reserve balances 12,575 +180 +3,04-7 Money in circulation 7,509 - 12 + 674 Treasury cash 2,353 - 19 - 354 Treasury deposits with F. R, banks 590 -102 - 425 Nomomber deposits and other F. R. accounts 989 - 4 + 218 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form FR-283-a Released for publication Friday morning, April 12,1940; not eerier. STATEMENT OF CONDITION OF THE TYJELVE FEDERAL RESERVE BANKS COMB HIED (In thousands of dollars) Increase or decrease since April 10, April 3, April 12, 1°40 , 1940 1939 A S S E TS Gold certificates on hand and due from U. S. Treasury 16,161,074 + 59,455 +3,444,355 Redemption fund - F. R. notes 8,672 + 549 - 772 Other cash 385,310 + 9,847 + 9,064 Total reserves 16,555,056 + 69,851 +3,452,647 Bills discounted{ Secured by U. S. Gov*t obligations, direct and guaranteed 366 710 - 1,171 Other bills discounted 1x727 + 52 + 201 Total bills discounted 2,093 - 658 - 970 Bills bought in open market 561 - Industrial advances 9,875 - 263 - 4,004 U. S. Government securities, direct and guaranteed: Bonds 1,337,495 + 426,405 - - Notes 1,129,225 - 46,884 Bills - 4%, 816 Total U. S. Government securities, direct and guaranteed 2,466,720 97,295 — Total bills and securities 2,478,688 - 921 - 102,830 Due fron foreign banks 47 — 114 - F. R. notes of other banks 22,146 + 4,148 + 812 Uncollected items 592,220 44,448 56,708 - - Bank premises 41,612 1,028 - Other assets 59,572 + 1,315 + 9,410 T O T AL A S S E TS 19,749,341 + 29,94-5 +3,302,189 L I A B I L I T I ES F. R. notes in actual circulation 44,,992233,,442255 - 11,211 + 552288,,997722 Deposits t member bank - reserve account 12,574,727 +179,267 +3,046,923 U. S. Treasurer - General account 590,460 ..L101 ,617 — 424,574 Foreign bank 372,802 11,533 + 105,370 Other deposits 360,319 + 7,783 + 113,203 Total deposits 13,898,308 + 73,900 +2,840,922 Deferred availability items 570,810 - 3333,,773311 - 7755,,446600 Other liabilities including accrued dividends 4,415 + C47 - 271 T O T AL L I A B I L I T I ES 19,396,958 + 29,805 +3,294,163 C A P I T AL A 0 0 0 U H I 8 Capital paid in 136,127 — 18 + 1,171 Surplus (Section 7) 151,720 _ - + 2,568 Surplus (Section 13b) 26,839 - 425 Other capital accounts 37,697 + 158 + 4,712 TOTAL LIABILITIES A1JD CAPITAL ACCOUNTS 19,749,341 + 29,945 +3,302,189 Ratio of total reserves to deposit and F. R. note liabilities combined 88.0% + + 3.2 % Commitments to make industrial advances 8,790 + . .m - 3,226 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form KR-283-b STATEMENT 0? CONDITION OF THE FEDERAL RESERVE 3AIIKS ON APRIL 10, 1940 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 16,161,074 880,382 8,049,302 894,192 1,001,131 421,419 330,953 2,469,309 3^9,505 257,555 363,098 226,822 897,406 Redemption fund - F. R. notes 8,672 485 943 1,000 735 984 690 931 617 634 333 269 1,051 Other cash 385,310 32,012 108,405 31,625 28,494 21,973 18,8^5 50,002 17,115 9,704 17,024 16,771 33,300 Total reserves 16,555,056 912,879 8,158,650 926,817 1,030,360 444,376 350,528 2,520,242 387,237 267,893 380,455 243,862 931,757 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 366 25 45 55 23 10 36 -69 30 35 38 Other bills discounted 1,727 - - 501 110 130 113 136 128 80 22 145 227 135 Total bills discounted 2,093 25 546 165 153 123 172 197 80 22 175 262 173 Industrial advances 9,875 1,238 2,041 2,745 312 915 S03 337 - - 197 116 483 688 U.S. Government securities, direct and guaranteed: Bonds ' 1,337,495 97,529 400,969 106,802 136,778 68,248 56,495 146,385 61,325 40,271 61,738 51,517 109,438 Notes 1,129,225 82,343 338,532 90,170 115,478 57,622 47,700 123,590 51,775 34,000 52,123 43,495 92,397 Total U. S. Gov't securities, direct and guaranteed 2,466,720 179,872 739,501 196,972 2.52,256 125,870 104,195 269,975 113,100 74,271 113,861 95,012 201,835 Total bills and securities 2,478,688 181,135 742,088 199,882 252,721 126,908 105,170 270,509 113,180 74,490 114,152 95,757 202,696 Due from foreign banks 47 3 18 5 4 2 2 6 1* 11 4 F.R. notes of other banks 22,146 691 1,609 912 1,574 3,911 2,648 3,046 2,819 1,229 1,241 693 1,773 Uncollected items 592,220 56,283 141,270 45,053 64,535 50,203 26,010 84,652 28,420 16,190 27,161 21,937 30,506 Bank premises 41,612 2,875 9,840 4,54l 5,510 2,526 2,023 3,373 2,250 1,389 3,197 1,159 2,929 Other assets 59,572 4,005 17,080 5,150 6,623 3,478 2,439 6,118 2,562 1,816 2,623 2,459 5,219 T O T AL A S S E TS 19,749,341 1,157,871 9,070,555 1,182,360 1,361,327 631,404 488,820 2,887,946 536,469 363,007 528,830 365,868 1,174,884 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form FE-283-c STATZZ.IE;t IT OF cor (in thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Oleve. Rich. Atlanta Chicago St.Louis Mian. Kans.C;-. Dallas San Fran. F. E. notes in actual circulation 4,923,425 405,372 1,274,239 345,614 453,836 218,107 159,869 1,081,864 193,030 141,823 183,042. 79,668 386,956 Depositss Member bank-reserve acct. 12,574,727 605,703 6,991,538 667,764 727,483 296,685 239,645 1,525,061 250,953 150,740 261,532 208,988 648,635 U.S.Treasurer-General acct, 590,460 33,121 143,074 38,013 39,356 31,705 30,683 100,737 33,590 33,902 35,091 30,819 40,369 Foreign bank 372,802 '26,841 131,245 36,706 34,833 16,106 1 7 3 ,109 44,946 11,237 8,240 10,862 11,236 27,4/1 Other deposits 360,319 7,003 276,776 17,928 8,454 3,521 3,461 8,121 4,834 1,399 2,307 18,930 Total deposits 13,898,308 672,668 7,542,633 760",411 810,126 348,017 291,022 1,674,205 303,901 197,716 308,884 253,350 735,375 Deferred availability items 570,810 55,055 130,573 42,735 63,755 49,848 24,968 86,501 28,525 14,147 26,212 21,472 27,019 Other liabilities including accrued dividends 4,415 364 1,070 823 465 133 156 116 162 263 148 231 TOTAL LIABILITIES 19,396,958 1,133,459 8,943,515 1,149,583 1,328,182 616,105 476,015 2,843,054 525,572 353,253 518,401 354,638 1,149,581 C A P I T AL A C C O U N TS Capital paid in 136,127 9,341 51,094 11,905 14,012 5,271 4,631 13,618 4,117 2,949 4,377 4,105 10,707 Surplus (Section 7) 151,720 10,405 53,326 14,198 14,323 5,247 5,725 22,824 4,709 3,152 3,613 3,974 10,224 Surplus (Section 13b) 26,839 2,874 7,109 4,393 1,007 3,246 73.3 1,429 538 1,001 1,142 1,266 2,121 Other capital accounts 37,697 1,792 10,511 2,281 3,803 1,535 1,736 7,021 1,533 5 V, 052 1,297 1,885 2,251 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 19,749,341 1,157,871 9,070,555 1,182,360 1,361,327 631,404 488,820 2,887,946 536,469 363,007 528,830 365,868 1,174,884 Commitments to make industrial advances 8,790 336 886600 11,.114455 11,.110055 774488 1177 1199 118811 58 475 - - 3,846 MATURITY DISTRIBUTION OF BILLS AIID SECURITIES Within 16 to 31 to 61 to 91 days to 6 months 1 Tear 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 2,093 523 233 928 229 161 19 Industrial advances 9,875 1,242 227 188 781 1,412 1,494 2,079 2,452 U.S. Government securities, direct and guaranteed 2,466,720 224,796 248,417 731,708 1,261,799 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form FR-283-d. FEDERAL RESERVE HOTE STATEMENT ON APRIL 10, 1940 (in thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mirxn Kans.Cy, Dallas San Fran. # Federal Reserve notes* Issued to F.R.bank by F.R. agent 5,251,464 421,813 1,379,882 362,046 477,809 233,683 174,581 1,127,147 204,628 .145,671 191,686 87,701 444,817 Held by Federal Reserve bank 328,039 16,44-1 105,643 16,432 23,973 15,576 14,712 45,283 11,598 3,343 8,644 8,033 57,861 In actual circulation 4,923,425 405,372 1,274,239 345,63.4 453,836 218,107 159,369 1,081,864 193,030 141,328 183,042 79,668 386,956 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 5,368,500 440,000 1,395,000 375,000 482,000 250,000 180,000 1,140,000 209,000 147,500 195,000 91,000 464,000 Eligible paper 471 25 120 67 - - 80 40 139 - - Total collateral 5,368,971 440,025 1,395,120 375,067 482,000 250,080 180,000 1,140,000 209,040 147,500 195,139 91,000 464,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis