H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F.R . 283 STATEMENT FDR THE PRESS Released for publication Board of Governors Saturday morning, July 6; of the Federal Reserve System not earlier. July 19^0 CONDITION OF THE FEDERAL RESEPVE BANKS During the week ended July 3 member bank reserve balances increased $lUj 000,000* Additions to member bank reserves arose from increases of $192,000,000 in gold stock and $2,000,000 in Treasury currency and a decrease of $80,00Cj0C0 in Treasury deposits with Federal Reserve banks offset in part by increases of SliiU,0CCj000 in money in circulation, $14*000,000 in Treasury cash and $102,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $8,000,000 in Reserve bank credits Excess reserves of member banks on July 3 were estimated to be approximately $6,810,000,000, an increase of $10,000,000 for the week. The principal change in holdings of bills and securities was a decrease of $23*000,000 in United States Government securities direct and guaranteed; holdings of bonds decreased $20,000,000 and of notes $3,000,000. Changes in member bank reserve balances and related items during the week and the year ended July 3* 19^0, were as follows: Increase or decrease since July 3 June 26, July 5, 19^0 19U0 1939 ("In millions of dollars) Bills discounted 2 — 3 Bills bought —— 1 S. Government securities,direct and guaranteed 2,i£0 - 23 - 101 Industrial advances (not including 9 million commitments - July 3) 9 — 3 Other Reserve bank credit i|2 + 15 + l4l Total Reserve bank credit 2,503 • 8 - 66 Gold stock 20,063 + 192 +3,927 Treasury currency 3 >011+ + 2 + 13k Member bank reserve balances 13,737 + Ik +3,586 Money in circulation 7*92l* + Ihk + 82l+ Treasury cash 2,190 + U - 387 Treasury deposits with F # R. banks 221 - 80 - 599 Nonmember deposits and other F. R« accounts 1*507 + 102 + 572 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form FR-283-a Released for publication Saturday morning* July 6, I9UO5 not earlier* STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since July 3, June 26, July 5, 19U0 19UC i939 A S S E TS Gold certificates on hand and due from U. S. Treasury 17,8Ucj475 +186,999 +4,305,756 Redemption fund - F# R* notes 10,862 + 2,U50 Other cash 338,2^8 - 4o,532 + 20,It92 Total reserves 18,189,585 +lli6,l467 +4,328,698 Bills discounted: Secured by U# S Gov't obligations, # direct and guaranteed 711 7 229 Other bills discounted 1#U37 120 2,261 Total bills discounted 2,1^8 113 2,14.90 Bills bought in open market 556 Industrial advances 9,186 211 3,132 U# S« Government securities* direct and guaranteed: Bonds 1,323,196 --19#987 1+12,106 Notes 1,126,732 - 3,393 14-9,377 Bills 1j63,438 Total U« S» Government securities* direct and guaranteed 2,1+49,928 - 23,380 - 100,709 Total bills and securities 2,i|6l,262 - 23,282 - 106,887 Due from foreign banks 47 Mate 120 F. R. notes of other banks 20,227 + 1,738 + 9 Uncollected items 721,1)40 + 65,209 + 130,61a Bank premises la, lt-36 54 920 Other assets 5k, k5 0 * 393 + .7,073 T O T AL A S S E TS 21,1*88,1414.7 +190,1471 +k,35B,k9k L I A B I L I T I ES F. R. notes in actual circulation 5,2U7,837 +103,387 + 70l+,66o Depos its s Member bank - reserve account 13,736,629 + 13,810 +3,585,576 U*S.Treasurer-General account 221,1414-7 - 79,163 - 598,761 Foreign bank 753,332 + 94,653 + 1+56,067 Other deposits 1+92,022 + 11,125 + 111,723 Total deposits 15,2C3,U30 + 1+0,1425 +3,55l+,605 Deferred availability items 679,1+76 + i+9*907 + 89,064 Other liabilities including accrued dividends 1,373 - i+,l4l3 808 T O T AL L I A B I L I T I ES 21,132,116 +189,306 + 1+,347,521 C A P I T AL _A £ C 0 U N T S Capital paid Tn *"* 137.19k + 91 + 2,I4L Surplus (Seotion 7) 151,720 + 2,568 Surplus (Section 13 b) 26,839 mm 1425 Other capital accounts 1+0,578 + l*C7k + 6,689 TOTAL LIABILITIES AHD CAPITAL ACCOUNTS 21,1+88,10+7 +190,1+71 +Z+,35", 1+94 Ratio of total reserves to deposit and F. R« note liabilities combined 08.9% + .1% + 3.3^ Commitments to make industrial advances 8,700 62 2,258 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form FR-283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAIIKS 01! JU1IE 3, 1940 (In thousands of dollars) A BB E T D Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St,Louis Minn, Xans.Cy • Dallas San Frar Qold certificates on hand and due fron U. S. Treasury 17,81*0,1+75 1*031,39!+ 8,CG3,it25 922,862 l,ll+l+,380 452,417 338,501+ 2,75l+,863 1j29,027 263,109 362,730 2l*i+,753 1,013,011 Redemption fund - F.R.notes 10,862 2,055 1,311 1+11+ 698 1,605 291 1,250 477 531 194 695 1,341 Other cash 338,21+8 28,906 93,1+01 28,11+5 29,218 21,892 17,161 1+4,339 16,083 4,197 17,259 13,080 2i+,567 Total reserves 18,189,585 1,062,355 8,978,137 951,1421 l,17l+,296 475,914 355,956 2,800,1+52 l+i+5,587 267,837 380,183 258,528 1,038,919 Bills discounted* Secured by U. S. Gov't obligations, direct and guaranteed 711 127 180 66 78 1+0 15 81 — 70 15 39 — Other bills discounted 1,1+37 22 222 17 53 70 149 10 100 58 361 297 78 Total bills discounted 2,ll+8 ll+9 1+02 83 131 110 164 91 100 128 376 336 78 Industrial advances 9,186 1,11+1 1,998 2,710 350 894 239 298 10 225 195 1+66 660 U. S. Government securities, direct and guaranteed* Bonds 1,323,196 96,517 11++0055,,666677 105,011 135,697 66,228 4488,,552244 II44OO,,3399CC 61,227 38,930 62,501 51,559 110,937 Notes 1,126,732 82,186 345,434 89,1+21 115,51+9 56,395 4L,320 119,550 52,136 33,150 53,221 43,905 94,1*65 Total U.S. Gov't securities. direct and guaranteed 2,141+9,928 178,703 751,101 19^,1+32 251,21*6 122,623 89,844 259,948 113,363 72,080 115,722 95,464 205,402 Total bills and securities 2,1+61,262 179,993 753,501 197,225 251,727 123,627 90,247 260,337 113,473 72,433 116,293 96,266 206,l4o Due from foreign banks 1+7 3 18 5 1+ 2 2 6 1 * 1 1 4 Fi R. notes of other banks 20,227 552 1,722 945 1,732 2,537 1,431 2,485 1,952 1,647 1,684 526 3,oi4 Uncollected itens 721,1*1+0 75,321+ l92,ll+o 51,588 83,230 59,663 25,389 94,276 30,829 17,500 31,465 22,312 37,724 Bank premises 1+1,1+36 2,861 9,002 4,509 5,473 2,507 2,012 3,356 2,3144 1,301 3,149 l,l4o 2,902 Other assets 5!+, I+50 3,681 15,857 4,274 6,175 3,154 1,950 5,483 2,360 1,639 2,479 2,479 4,919 T O T AL A S S E TS 1,32^,769 9*951,177 1,209,967 1,522.637 667,U6U 1*76,907 3.166,395 596,5^ 362,14-37 535.254 361,252 1,293,622 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form FR-283-C STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH JULY 3, 1940 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual cir— culation 5,247,837 430,139 1,406,195 362,11+4 1471,925 229,791 166,21+7 1,138,333 197,079 144,586 190,528 81,892 1426,978 Deposits* 710,128 Member bank-reserve acct. 13,736,629 729,677 7,526,568 662,809 81+3,310 317,560 227,109 1,757,650 313,999 155,001+ 266,957 225,070 U.S.Treasurer-General acct. 221,Ukl 7,079 50,814 11,506 ll+,631 13,011+ 11,651+ 3l+,768 15,060 15,069 13,^25 15,677 17,910 54,695 Foreign bank 753*332 53,668 270,890 73,319 69,579 32,171 26,105 89,779 22,1»45 16,1+59 21,697 22,1+1+5 2l+, 081 Other deposits l+92,0£2 5,909 407,929 14,548 9,938 2,392 5,187 4,860 5,953 6,367 1,674 3,184 Total deposits 15,203,1+30 797,133 8,256,201 762,182 937,458 365,145 270,135 1,887,077 357,457 192,919 303,733 267,176 806,814 Deferred availability items 679,1+76 72,645 165,619 52,473 79,632 57,010 25,581 95,573 30,905 15,596 30,326 20,762 33,354 Other liabilities including accrued dividends 1,373 257 1144 153 172 29 79 177 34 89 137 73 29 TOTAL LIABILITIES 21,132,116 1,300,174 9,820,159 1,176,952 1,489,187 651,975 4S4,ol+2 3,121,160 585,475 353,190 524,724 369,903 1,267,175 C A P I T AL A C C O U N TS Capital paid in 137,194 9,337 51,076 11,898 14,027 5,287 4,61+2 13,691 4,139 2,961 4,398 4,123 11,615 Surplus (Section 7) 151,720 10,1+05 53,326 14,190 14,323 5,247 5,725 22,824 4,709 3,152 3,613 3*974 10,224 Surplus (Section 13b) 26,039 2,074 7,109 4,393 1,007 3,246 713 1,^9 538 1,001 1,11+2 1,266 2,121 Other capital accounts 40,578 1,979 11,507 2,526 4,093 1,649 1,065 7,291 1,685 2,133 1,377 1,986 2,1+87 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 21,488,1+47 1,324,769 9,951,177 1,209,967 1,522,637 667,404 476,987 '3,266^395-596*5^-362,437 535,254 381,252 1,293,622 Commitments to make industrial advances 8,700 267 811 1,137 1,154 678 511 17 351 55 159 3,560 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 2,146 1,069 145 162 304 I463 5 1,032 1,580 2,988 Industrial advances 9,186 1,910 367 78 369 862 U. S. Government securities, ' direct and guaranteed 2,1449,928 1^5,974 177,220 186,967 732,267 1,247,500 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form FR-283-d FEDERAL RESERVE NOTE STATELIEST? OK JU1TE 20, 1940 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich* Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notess Issued to F.R. bank by F.R.agent 5,533,705 1+51,696 1,1+93,034 382,933 1+95,965 21+5,470 181,815 1,171,251 206,004 148,277 197,454 86,599 471,207 Held by Federal Reserve bank 285,868 21,557 86,839 20,789 24,040 15,679 13,568 32,910 8,925 3,691 6,926 6,7C7 44,229 In actual circulation 5,247,837 430,139 1,406,195 362,li^ 1+71,925 229,791 168,21+7 1,138,333 197,079 144,586 190,528 81,892 1426,978 Collateral held by agent as security for notes issued to bank* Gold certificates on hand and due fron U. S. Treasury 5,6011,500 1460,000 1,515,000 385,000 1+97,OCC 250,CC0 185,000 1,180,000 209,000 11+8,500 2 00,000 91,000 !+8l+,0CC Eligible paper 1,334 ll+9 1+02 83 — 110 — — -100 128 362 Total collateral 5,605,831+ l|6o,ll+9 1,515,1+02 385,083 1+97,coo 250,110 185,000 1,180,000 209,100 li+8,628 200,362 91,000 484,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis