H.4.1 Factors Affecting Reserve Balances of Depository Institutions

For- F* R 2^3 # STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Nov. 8; of the Federal Reserve System not earlier, November 7, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 6 member bank reserve balances decreased $193,000,000. Reductions in member bank reserves arose from increases of $120,000,000 in money in circulation, $89,000,000 in Treasury deposits with Federal Reserve Banks, $34,000,000 in Treasury cash, and $21,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $19,000,000 in Reserve Bank credit, offset in part by increases of $82,000,000 in gold stock and $4,000,000 in Treasury currency. Excess reserves of member banks on November 6 wore estimated to be approximately $6,730,000,000, a decrease of $200,000,000 for the week. The principal change in holdings of bills and securities was a reduction of $6,000,000 in United States Government securities, direct and guaranteed: holdings of bonds decreased $2,000,000 and of notes $4,000,000. Changes in member bank reserve balances and related items during the week and the year ended November 6, 1940, were as follows: Increase or decrease since Nov* 6, Oct. 30, Nov* 8, 1940 1940 1939 (In millions of dollars) Bills discounted 4 -2 U S. Gov*t securities,direct and guaranteed 2,327 - 6 - 360 # Industrial advances (not including 7 million commitments - November 6) 8 4 Other Reserve Bonk credit 22 - 14 + 6 Total Reserve Bank credit 2,362 - 19 - 359 Gold stock 21,581 + 82 +4,449 Treasury currency 3,060 + 4 + 125 Member bank reserve balances 13,979 -198 +2,230 Money in circulation 8,385 +120 + 976 Treasury cash 2,221 + 34 42 Treasury deposits with F. R. Banks 465 + 89 + 117 Nonmember deposits and other F. R. accounts 1,952 + 21 + 932 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forp~F ?..283~a # Released for publication Friday norning, November 8,19-40; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Nov. 6, Oct. 30, Nov. 8, 1940 1940 1939 A S S E TS Gold certificates on hand and due fron U. S. Treasury 19,324,301 + 44,002 +4 ,466,091 Redemption fund - F. R. notes 9,395 678 + 256 Other cash 309,787 - 31,503 — 14,101 Total reserves 19,643,483 + 11,821 +4,452,246 Bills discounted: Secured by U. S. Gov*t obligations, direct and guaranteed 949 95 | 142 Other bills discounted 3,542 + 587 - 1,842 Total bills discounted 4,491 + 492 - 1,984 Industrial advances 8 T l6l - - -32 - 3,462 IJ. S#Government securities, direct and guaranteed! Bonds 1,377,700 - 1,50C + 63,758 Notes 949,600 - 4,000 - 297,897 Bills - 125,380 Total U. S» Govern:::ent securities, direct and guaranteed 2,327,300 - 5,500 - 359 519 ? Total bills and securities 2,339,952 - 5,040 - 364,965 Due fron foreign banks 47 _ _ _ _ F»R. notes of other banks 20,970 + 1,216 + 126 Uncollected items 696,906 - 62,447 + 118,743 Bank prenises 41,258 — IS - 779 Other assets 55,364 170 - 14,709 T O T AL A S S E TS 22,797,980 - 54,668 +4,190,662 L I A B I L I T I ES F. R. notes in actual circulation 5,629,576 + 80,702 + 812,482 Deposits: Member bank ~ reserve account 13,979,418 -197,117 +2 ,230,758 U. S. Treasurer - Genera]., account 465,268 + 89,561 + 117,646 Foreign 1,122,101 + 30,270 + 665,870 Other deposits 558,413 - 9,184 + 235,502 Total deposits 16,125,200 - 86,470 +3»249,776 Deferred availability items 675,244 - 48,401 + 113,138 Other liabilities including accrued dividends 331 726 - 122 T O T AL L I A B I L I T I ES 22,434,351 - 54,895 +4,175,274 C A P I T AL A C C O U N TS Capital paid in 137,720 42 + 2,123 Surplus (Section 7) 151,720 + 2,568 Surplus (Section 13b) 26,839 425 Other capital accounts 47,350 11,122 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 54,668 +4,190,662 22,797,980 Ratio of total reserves to deposit and F.R. note liabilities combined i.1% + 4»4$ 90.3% Connitnwats to makfc industrial advances 7,288 63 2,678 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-b STATE MENT OF CO!O ITION OF THE FEDERAL RESEL RYE BARSK ON N0YEL3EE R 6. 1940 (In thousands of dollars) A S S E TS Total Bo ston New York Phila. CIeve. Rich. Atlanta Chicago St• Louis Minn. Kans.Cy.Dallas San Fran.. Gold certificates on hand and due from U.S. Treasury 19,324,301 1,166,977 9,437,754 989,949 1.318,215 527,935 350,566 2,946,070 475,923 305,219 403,798 282,880 1,119,015 Redemption fund - F.R.notes 9,395 1,453 951 470 465 778 i npn 246 387 480 563 999 r> ^: V / Other cash 309,787 33,915 79,808 24,926 20,493 1.9,200 17,862 >0 7 11,518 8,007 .17,362 11,659 26,753 Total reserves 19,643,483 1,202,345 9,518,513 1>015,345 1,339,174 548,657 369,206 2,985,434 487,687 313,613 4,21,640 295,102 1,146,767 Bills discountedt Secured by U. S. Gov't obligations, direct and guaranteed 949 60 60 225 158 30 2 65 40 193 92 4 20 Other bills discounted 3,542 — 1,173 215 117 69 61 215 84 213 1,170 109 108 Total bills discounted 4,491 60 1,233 440 275 99 63 280 124 406 1,270 113 128 Industrial advances 8,161 11,,000088 1,779 22,,338844 335 820 251 266 5- 267 212 222 612 U. S. Government securitiesf direct and guaranteed1 Bonds 1,377,700 98,593 413,679 115,707 138,167 71.894 52,480 156,119 58,428 38,676 66,092 52,823 115,042 Notes 949,600 67,956 285,136 79,754 95,233 __ 49,_553 36,172 107 ; '608 4r j, 273 26/. 58 45,555 36,408 79,294 Total U. S. Gov't securities * direct and guaranteed 2,327,300 166,549 698,815 195,461 2.33,400 121,447 88,652 263,727 98,701 65,334 Hl,b47 89,231 119944,,333366 Total bills and securities 2,339,952 167,617 701,827 198,285 234,010 122,366 88,966 264,273 98,830 66,007 3-13,129 89,566 195,076 Due from foreign banks 47 3 18 5 4 2 2 6 1 * 1 x 4 F. R. notes of other banks 20,970 559 1,720 587 . 1,603 2,910 1,769 2,794 2,037 1,204 1,884 610 3,293 Uncollected items 696,906 68,717 138,460 45,399 76,858 69,778 34,806 105,638 44r.L'";5 20.^.37 30,768 30,378 31,462 Bank premises 41,258 2,843 9,731 4,477 5,424 2,589 1,998 3,3/2 2 V'20 1,372 3; 081 1,114 2,867 Other assets 55,364 3,726 16,030 4,572 6,023 3,129 1,997 5,835 2 5 lo^ 1,573 2,831 4,895 T O T AL A S S E TS 22,797,980 1,445,810 10,386,299 1,268,670 1,663,096 749,491 498,744 3,367,322 637,265 404,306 573,011 419,602 1,384,364 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-b STATELIEST OF COLIDITIOLI OF THE FEDERAL RESERVE BANKS OK NOVEMBER 27,L 1994400 (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 circulation 5,629,576 452,501 1,499,195 385,020 510,055 266,425 182,957 1,202,778 211,260 154,700 202,949 93,215 468,521 Deposits* Member bank-reserve acct.13,979,418 824,475 7,402,588 677,975 915,238 345,879 224,782 1,831,939 317,532 173,361 269,378 231,102 765,169 U.S.Treasurer-General acct. 465,268 19,236 162,642 15,833 43,838 11,717 17,032 77,150 21,762 25,548 28,553 25,917 16,040 Foreign 1,122,101 54,554 627,477 75,264 71,424 33,024 36,880 92,160 23,040 16,896 22,272 23,040 56,0?O Other deposits 558,413 8,672 443,193 35,744 13,892 3,517 3,019 7,235 7,221 4,471 5,914 2,236 23,299 Total deposits 16,125,200 906,937 8,635,900 804,816 1,044,392 394,137 271,713 2,008,484 369,555 220,27*6 326,117 282,295 860,578 Deferred availability items 675,244 60,852 124,510 44,842 73,996 73,024 30,689 109,362 44,905 19,778 32,979 32,341 27,966 Other liabilities including accrued dividends 4,331 437 1,244 421 471 154 201 481 148 144 161 148 321 TOTAL LIABILITIES 22,434,351 1,420,727 10,260,849 1,235,099 1,628,914 733,740 485,560 3,321,105 625,868 394,898 562,206 407,999 1,357,386 C A P I T AL A C C 0 UN T S Capital paid in 137,720 9,337 51,089 11,881 14,077 5,349 4,680 13,993 4,166 2,957 4,423 4,l6l 11,607 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 2,121 Surplus (Section 13b) 26,839 2,874 7,109 4,393 1,007 3,246 713 1,429 538 1,001 1,142 1,266 Other capital accounts 47,350 2,467 13,926 3,099 4,775 1,909 2,066 7,971 1,984 2,298 1,627 2,202 3,026 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 22,797,980 1,445,810 10,386,299 1,268,670 1,663,096 749,491 498,744 3,367,322 637,265 404,306 573,011 419,602 1,384,364 Commitments to make industrial advances 7,288 254 715 1,010 930 585 508 24 401 50 128 2,679 MATURITY DISTRIBUTION OF SILLS AND SECURITIES Within 16 to 31 to 61 to 9911 ddaayyss ttoo 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 4,491 1,816 243 1,004 639 690 99 Industrial advances 8,161 1,467 108 518 305 585 1,402 1,398 2,378 Ui. S. Government securities, direct and guaranteed 2,327,300 95,300 115,300 194,000 665,100 1,257,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forn. F. R. 283-d FEDERAL RESERVE IIOTE STATEL1ENT OH IJOVMBER 6, 3.940 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes t Issued to F.R.Bank by F.R.agent 5,891,395 470,220 1,568,219 398,174 532,112 278,893 199,654 1,231,186 223,089 158,974 210,820 101,443 518,611 Held by Federal Reserve Bank 261,819 17,719 69,024 13,154 22,057 12,46)8 16,697 28,403 11,829 4,274 7,871 8,228 50,090 In actual circulation 5,629,576 452,501 1,499,195 385,020 510,055 266,425 182,957 1,202,778 211,260 154,700 202,949 93,215 468,52.1 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 5,987,500 490,000 1,585,000 410,000 535,000 290,000 205,000 1,240,000 224,000 159,500 215,000 105,0<"X) 529,000 Eligible paper 2,976 60 892 352 65 100 311 1,196 Total collateral 5,990,476 490,060 1,585,892 410,352 535,000 290,065 205,000 1,240,000 224,100 159,811 216,196 105,000 529',000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis