H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form FR-283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, July 12; of the Federal Reserve System not earlier. July 11* 19^0 CONDITION OF THE FEDERAL RESERVE BAMS During the week ended July 10 member bank reserve balances increased $27*000#000. Additions to member bank reserves arose from an increase of $103#000,000 in gold stock and d decrease of $1+0,000,000 in money in circulation, offset in part by increases of §76,000,000 in Treasury deposits with Federal Reserve banks and $28,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $12,000,000 in Reserve bank credit. Excess reserves of member banks on July 10 were estimated to be approximately §6,830,000,000, an increase of $20,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended July 10, 191+0, were as follows: Increase or decrease since July 10, July 3» July 12, 191+0 19U0 1939 (in millions of dollars) Bills discounted 2 3 Bills bought — m* mm mm 1 U.S.Gov't securities,direct and guaranteed 2,1+50 — - 85 Industrial advances (not including 9 million commitments - July 10) 9 mm 3 Other Reserve bank crodit 30 - 12 + ll+ Total Reserve bank credit 2,1+91 - 12 78 wm Gold stock 20,166 +103 +3,992 Treasury currency 3*015 + 1 + 130 Member bank reserve balances 13,761+ + 27 +3»l4ll+ Money in circulation 7,881+ - I40 + 81+3 Treasury cash 2,191 + 1 - 361 Treasury deposits with F. R. banks 297 + 76 - k9k Nonmember deposits and other F. R. accounts 1,535 + 28 + 61+0 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form FR-283-a Released for publication Friday morning, July 12, 194o$ not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (in thousands of dollars) Increase or decrease since July 10, July 3, July 12, 1940 1940 1939 A S S E T S Gold certificates on hand and due from U. S. Treasury 17,9l4l+,U76 +ig4,001 +4,339,757 Redemption fund - F. R. notes 10,862 — + 2,620 Other cash 360,233 + 21,985 + 7,072 Total reserves 18,315,571 +125,986 +4,349,41+9 Bills discounted: Secured by U» S» Gov't obligations, direct and guaranteed 654 57 - 839 Other bills discounted 1,350 87 2,1+23 mm Total bills discounted 2,001+ - i44 - 3,262 Bills bought in open market «... «... 556 Industrial advances 9,153 33 3,343 U. S, Gox'-ernment securities, direct and guaranteed: Bonds 1,323,196 ~ + 412,106 Notes 1,126,732 rnmwm - 49,377 Bills — 1(47,938 mm mm - Total U. S. Government securities, direct and guaranteed 2,1)49,928 — - 85,209 Total bills and securities 2,1^61,085 177 - 92,370 Due from foreign banks 47 mmmm 120 F» R. notes of other banks : 22,931 + 2,754 + 4l8 Uncollected items 659,473 - 61,967 - 48,34? Bank premises 41,439 + 3 - 917 Other assets 55,381 + 931 + 7,146 T O T A L A S S E T S 21,555*977 + 67,530 +4,215,264 L I A B I L I T I E S F. R. notes in actual circulation 5,232,1463 - 15,374 + 709,754 Deposits: Member bank - reserve account 13,764,343 + 27,714 +3,1+14,397 TJ. S. Treasurer - General account 297,426 + 75,981 - 493,168 Foreign bank 765., 082 + 11,750 475,597 Other deposits 500,74? + 16,726 + 160,633 Total deposits 15,335,601 +13?,171 ■557.459 Deferred availability items 629,472 - 50,001+ - 62,559 Other liabilities including accrued dividends 1,881 + 508 - 267 T O T A L L I A B I L I T I E S 21,199,43.7 + 67,301 +4,204,387 C A P I T A L A C C O U N T S Capital paid in 137,238 + i4i+ + 2,101 Surplus (Section 7) 151,720 + 2,568 Surplus (Section 13b) 26,039 - L25 Other capital accounts 40,763 + 185 + 6,633 TOTAL LIABILITIES .AND CAPITAL ACCOUNTS 21,555,977 + 67,530 +4,215,264 itatio of total reserves to deposit and F. R. note liabilities combined 89. ($ + .1% + 3.3*5 Commitments to make industrial advances 8,682 18 _ 2,671 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form FR-283-b STATEMENT OF CONDITION OF TilE FEDERAL RESEPVE BAMS ON JULY 10, 19*40 (in thousands of dollars) A S S E T S Total Boston Now York Phila. Cleve# Rich* Atlanta Chicago St»Louis Finn# Kans#Cy« Dallas San Fran* old certificates on hand and due from U.S.Treasury 17,94*+,1+76 1,038,209 8,921,*487 923,626 1,160,936 1+57,170 337,713 2,775,31+1 Ua.0,1+19 262,079 575,430 238,09e 1,013,976 Radsmption fund - F.R.notes 10,862 2,055 1,311 *+ll+ 698 1,605 291 1,250 *,77 531 19'+ 695 1,31+1 Other cash 360,233 30,71+1 10l+,l+17 26,91+8 2*i,832 23,121+ 20,172___*4*4,1+31 17,079 5*787 19,133 12,596 2",>73 Total reserves 18,315,571 1,071,005 9,027,215 952,988 1,186,1466 1+81,099 358,176 2,021,072 1+57,975 268,397 39'!+,707 251,3d l,-'44,^v- Bills discounted: Secured— by U~ .S.Gov’t o--b--l-i-gations, direct and guaranteed 651+ 16c 75 61 78 1+0 15 71 90 15 1+9 Other bills discounted 1,35c 159 1+5 57 105 169 10 100 1+9 297 2C1 78 Total bills discounted 2,00** 160 234 106 135 1*45 181+ 81 100 139 312 330 78 Industrial advances 9,153 i,i*a 1,997 2,703 352 893 231 297 10 208 195 *166 66 0 U« S« Government securities, direct and guaranteed: Bonds 1,323,196 96,517 *1.05,667 105,oil 135,697 66,228 i40,52l+ 11+0,398 61,227 38,930 62,^1 51.559 110,937 Notes 1,126,732 82,186 31+5,1+31+ 89,l-!2i 115,51+9 56,395 ia,32c 119,550 52,136 33,150 53,221 *43 .-905 9*+, 465 Total U#S#Govft securities, direct and guaranteed 2,141+9,928 178,703 751,101 19i+,l+32 251,2146 122,623 69,81+1+ 259,91+8 113,363 72,080 115,722 95,1464 205,1+02 Total bills and securities 2,261,085 180, CCl+ 753,332 197,21a 251,733 125,661 ~~9C~,259~~ 260,326 113,473 72,1)27 116,229 96,260 2C6,ll+0 Due frora foreign banks 1+7 3 18 5 1+ 2 2 6 1 * 1 1 *4 F# R* notes of other banks 22,981 612 2,068 1,351 1,985 2,951 2,323 3,167 1,411+ 669 2,308 585 3,5*46 Uncollected items 659,1+73 63,131 155,701+ 1+7,785 78,810 56,199 23,278 9'+, 135 30,885 17,3142 32,51->+ 23,589 36,101 Bank premises 1+1,1+39 2,061 9,802 1+,5C9 5,1+76 2,507 2,' 12 3,356 2,314+ 1,381 3,11+9 i,il+c 2,9C2 Other assets 55,381 3,726 16,209 l+,389 6,2i+l 3,216 1,959 5,563 2,391 1,667 2,510 2,52*4 14,986 TOTAL ASSETS 21,555,977 1,321,3*12 9,961+,31+8 1,206,268 1,530,715 670,1+35 1+78,009 3,187,625 608,1+03 361,083 551**418 375,1+60 1,297,971 ♦Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form FR-283~c STATEMENT OF CONDITION OF TT'E FEDERAL RESERVE BANKS OK JULY 10, 191+0 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila* Clevo. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R» notes in actual cir­ culation 5,232,1)63 45c,480 1,595,250 561,419 1+77,038 228,537 167,721 1,136,581 196,937 145,885 19C,C78 81,622 424,115 Dopositst Member bank-reserve acct. 15,764,545 720,591 7,494,555 666,621 846,534 326,630 232,05!+ 1,779,355 524,102 155,777 277,589 220,1+67 712,618 U.S.Treasuror-Gcnoral acct. 297*1+28 15,595 121,165 0,974 13,913 1C,C56 10,71+0 36,31+1 16,288 li+,252 17,1+35 13,1+99 21,170 Foreign bank 765,082 55,655 265,229 75,957 72,062 33,528 27,127 95,000 25,252 17,052 22,1+77 25,252 56,663 Other deposits 508,748 6,1+85 425,886 14,208 9.954 1,986 4,947 U, 81+5 6,292 5,891+ 1,581 5 >110 25,561+ Total deposits 15,335,601 80l+,12i+ 8,306,655 765,760 9142,555 572,000 274,868 1,915,51+7 569,95^ 192,975 319,082 260,328 8ll+,015 Deferred availability items 629,472 61,849 141,086 47,829 76,859 54,417 22,571 91,934 50,476 15,673 51,565 22,078 35,507 Other liabilities including accrued dividends 1,881 270 304 255 254 la 97 2i+6 i46 103 i4i 88 76 TOTAL LIABILITIES 21,199,417 1,296,725 9,841,275 1,175,245 1,497,214+ 654,995 1^65,057 5,11+2,558 597,595 552,636 540,864 364,116 1,271,513 C A P I T A L A C C O T T N T S Capital paid in 137,238 9,339 51,075 11,898 14,056 5,291 4,646 13,706 4,138 2,958 4,4o4 4,134 11,615 Surplus (Section 7) 151,720 10,405 55,526 14,198 14,525 5,247 5,725 22,824 4,709 3,152 5,613 3*9lb 10,224 Surplus (Section 13b) 26,839 2,874 7,109 4,595 1,007 5,246 715 1,1+29 538 1,001 1,11+2 1,266 2,121 Other capital accounts 40,765 2,001 11,565 2,556 4,105 1,656 1,868 7,508 1,705 2,156 1,395 1,990 2,498 T0TM LIABILITIES .AND CAPITAL ACCOUNTS 21,555,977 1,321,51+2 9,961+,51+8 1,208,268 1,550,715 670,1+55 1+78,009 5,187,625 608,1+85 561,885 551,418 575,480 1,297,971 Commitments to make industrial advances 8,682 267 811 1,137 1,151 674 5 U 17 351 54 159 5,550 MATURITY DISTPIBUTIO!T OF BILLS AND SECURITIES V.ithin 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 2,004 i,oe6 136 153 275 408 6 Industrial advances 9,153 1,913 368 89 362 809 1,066 1,577 2,969 U. S. Government securities, direct and guaranteed 2,449,928 105,974 177,220 186,967 752,267 1,247,500 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form FR-283-d FEDERAL RESERVE NOTE STATEMENT ON JULY 10, 191+0 (In thousands of dollars) Total Boston New York Phila• Clove# Rich* Atlanta Chicago St.Louis Minn* Kans.Cy. Dallas San Fran* I*'. Fddsr&l Reserve xio*tess Issued to F.R. bank by F.R.agent 5,550,315 1+50,206 1,1+96,973 385*695 498,559 2^,615 182,808 1,170,670 206,81+7 ll+9,6l+7 199,371+ 88,2714- 1+76,61+7 Held ty Federal Reserve bank 317*852 19,726 103,723 2l+,276 20,721 16,078 15,087 3*4*089 9,910 5,762 9,296 6,652 52,532 . In .actual circulation 5,232,1463 1+30,1+80 1,393,250 361,1+19 1+77,838 228,537 167,721 1,136,581 196,937 11+3,885 190,078 81,622 l42l+,115 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 5,62l+,500 1460,000 1,515,000 390,000 500,000 260,000 185,000 1,180,000 209,000 150,500 200,000 91,000 I+81+,000 Eligible paper 1,152 160 23l+ 76 — ll+5 " — 100 139 298 ~ Total collateral 5,625,652 1460,160 1,515,23!+ 390,076 500,000 260,il+5 185,000 1,180,000 209,100 150,639 200,298 91,000 1+81+,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis