H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R.283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Nov. 1$; of the Federal Reserve System not earlier. November 14, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 13 member bank reserve balances increased $73*000,000. Additions to member bank reserves arose from decreases of $10,000,000 in Treasury cash and $61,000,000 in Treasury deposits with Federal Reserve Banks and increases of $56,000,000 in gold stock and $2,000,000 in Treasury currency, offset in part by a decrease of $36,000,000 in Reserve Bank credit and increases of $10,000,000 in money in circulation and $11,000,000 in nonmernber deposits and other Federal Reserve accounts. Excess reserves of member banks on November 13 were estimated to be approximately $6,800,000,000, on increase of $70,000,000 for the week. The principal change in holdings of bills and securities was a reduction of $73,000,000 in United States Government securities, direct and guaranteed: holdings of bonds decreased $48,000,000 and of notes $25,000,000. Changes in member bank reserve balances and related items during the week and the year ended November 13, 1940, were as follows: Increase or decrease since Nov. 13, Nov. 6, Nov. 15, 1940 1940 3.939 (In millions of dollars) Bills discounted 4 2 U. S. Gov*t securities,direct and guaranteed 2,254 - 73 - 395 Industrial advances (not including 7 million commitments - November 13) 8 4- Other Reserve Bank credit 59 + 37 + 11 Total Reserve Bank credit 2,326 - 36 - 389 Gold stock 21,637 + 56 +4,402 Treasury currency 3,062 + 2 + 123 Member bank reserve balances 14,052 + 73 +2,465 Money in circulation 8,395 + 10 +1,011 Treasury cash 2,211 - 10 - 130 Tr'-?.sury deposits with F. R. Banks 404 - 61 - 100 Nonmernber deposits and other F. R. accounts 1,963 + 11 + 950 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

For*- F.R.283-a Released for publication Friday morning, November 15,1940; not earlier. STATEMENT OF CONDITION OF OF THE TTJELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease • since Nov. 13, Nov. 6, Nov. 15, 1940 1940 1939 A S S E TS Gold certificates on hand and due from U. S. Treasury 19,393,798 + 69,497 +4,527,144 Redemption fund - F. R. notes 9,894 + 499 - 359 Other cash 308,168 - 1,619 45,548 - Total reserves 19,711,860 + 68,377 +4,481,237 Bills discounted! Secured by U.S. Gov't obligations, direct and guaranteed 951 + 2 — 138 Other bills discounted 3»293 249 - 2,103 Total bills discounted 4,244 247 2,241 Industrial advances 88,,221155 + 54 33,,334466 U. S. Government securities, direct and guaranteed! Bonds 1,330,000 - 47,700 + 24,558 Notes 924,100 - 25,500 - 315,072 Bills — — — 104,705 Total U. S. Government securities, direct and guaranteed 2,254,100 - 73,200 — 395,219 Total bills and securities 2,266,559 - 73,393 - 400,806 Due from foreign banks 47 — — — — F. R. notes of other banks 23,784 + 2,814 + 568 Uncollected items 942,969 +246,063 - 21,848 Banl;: premises 41,274 + 16 — 761 Other assets 55,145 219 - 15,436 T O T AL A S S E TS 23,041,638 +243,658 +4,042,954 L I A B I L I T I ES F. R. notes in actual circulation 55,,664422,,770000 ++ 1133,,112244 + ••883377,,444466 Deposits! Member bank - reserve account 14,051,798 + 72,380 +2,464,642 U. S. Treasurer - General account 403,851 - 61,417 160,272 Foreign 1,125,150 + 3,049 + 670,873 Other deposits 562,736 + 4,323 + 245,008 Totra deposits 16,143,535 + 18,335 +3, 220,251 Deferred availability items 883,710 ++220088,,446666 — 3333,,220044 Other liabilities including accrued dividends 4,935 + 6o4 + 82 T O T AL L I A B I L I T I ES 22,674,880 +240,5.29 +4,024,575 2.AZI1A k A C C O U N TS Capital paid in 137,719 1 + 2,117 Surplus (Paction 7) 151,720 — _ + 2,568 Surplus (Section 13b) 26,839 _ — - 425 Ctkor capital accounts 50,480 + 2A30 + 14,119 LIABILITIES AND CAPITAL ACCOUNTS 23,041,638 +243,658 +4,042,954 Ratio of total reserves to deposit and F. R. note liabilities combined 9 0.556 + »2% + 4,6$ Commitments to make industrial advances 7,269 19 - 2,650 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, 1940 (In thousands of dollars) A S S E TS Total Boston New York Phila. 01eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S.Treasury 19,393,798 1,141,266 9,419,600 1,017,292 1,312,516 537,774 364,367 2,983,135 482,116 306,464 402,259 286,917 1,140,092 Redemption fund - F.R.notes 9,894 1,453 951 470 46 5 1,522 778 1,080 246 387 480 563 1,499 Other' cash 308,168 31,684 81,588 25,038 19,894 20,514 16,208 37,298 13,489 7,163 16,474 11,368 27,450 Total reserves 19.711-860 1.174.40^ 9,502,139 1,042,800 1,332,875 559,810 381,353 3,021,513 495,851 314,014 419,213 298,848 1,169,041 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 951 30 185 192 158 30 2 20 35 178 117 4 — — Other bills discounted 3,293 — — 680 209 134 85 6o 216 85 209 1,413 94 108 Total bills discounted 4.244 30 865 401 292 115 62 236 120 387 1,530 98 108 Industrial advances 8,215 11,,000077 11,,777799 2,382 338 819 311 266 5 266 212 222 608 U. S. Government securities, direct and guaranteed: Bonds 1,330,000 95,324 396,202 111,573 133,290 69,984 50,839 115511,,226699 56,933 37,618 6644,,448877 51,350 111,131 Notes 924,100 66,232 275,286 77,522 92,611 48,627 35,325 105,103 39,557 2.6,138 44,807 35,678 77,214 Total U. S. Gov't securities. direct and guaranteed 2,254^100 161,556 671,488 189,095 225,901 118,611 86,164 256,372 96,490 63,756 309,294 87,028 188,345 Total bills and securities 2,266,559 162,593 674,132 191,878 226,531 1:1 9,545 86,537 256,874 96,615 64,409 1:1 1,036 87,348 189,061 Due from foreign banks 47 3 18 5 4 2 2 6 1 * 1 1 4 F. R. notes of other banks 23,784 549 2,54S 799 1,538 3,440 2,018 3,4O6 1,743 1,620 2,132 562 3,42.9 Uncollected items 942,969 82,989 214,003 59,831 126,446 79,208 40,280 135,585 54,400 21,391 38,966 38,863 51,007 Bank premises 41,274 2,843 9,731 4,492 5,424 2,590 1,998 3,342 2,420 1,372 3,081 1,114 2,867 Other assets 55,145 3,737 15,932 4,634 5,953 3,207 1,981 5,772 2,183 1,566 2,492 2,825 4,863 T O T AL A S S E TS 23,041,638 1,427,117 10,418,503 1,304,439 1,698,771 767,802 514,169 3,426,498 653,213 404,372 576,921 429,561 1,420,272 *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, 1940 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in aatual circulation 5,642,700 455,598 1,495,216 387,945 516,348 265,662 183,429 1, 205,628 211,879 154,906 202,462 92,840 470,787 Deposits! Member bank—reserve acct.14,051,798 782,015 7,408,444- 697,619 914,771 356,751 231,086 1,874,535 317,261 182,707 274,036 241,242 771,331 U.S.Treasurers-General acct. 403,851 20,064 122,816 15,329 29,685 14,824 19,443 65,224 29,167 20,075 20,551 22,100 24,573 Foreign 1,125,150 54,993 627,916 75,633 71,774 33,186 27,012 92,612 23,153 16,979 22,381 23,153 56,358 Other deposits 562,736 7,585 445,730 33,503 13,713 3,815 4,958 6,759 7,082 4,311 9,763 2,105 23 ,412 Total deposits 16,143,535 864,657 8,6r;4,906 822,084 1,029,943 408,576 282,499 2, 039,130 376,663 224,072 326,731 288,600 875,674 Deferred availability items 883,710 81,097 190,589 60,004 117,450 77,465 34,719 134,625 52,998 15,730 36,582 36,229 46,222 Other liabilities including accrued dividends 4,935 454 1,425 563 539 179 210 557 136 162 190 172 348 TOTAL LIABILITIES 22,674,880 1,401,806 10,292,136 1,270,596 1,664,280 751,882 500,857 3,379,940 641,676 394,870 565,965 417,841 1,393,031 C AP .I.T- A L A C C O.U. N T'S Capital paid.in 137,719 9,337 51,079 11,889 14,079 5,349 4,680 13,993 4,167 2,957 4,422 4,160 11,607 Surplus (Section 7) 151,720 10,405 53,326 14,198 14,323 5,247 5,725 2,2,824 4,709 3,152 3,613 3,974 10,224 Surplus (Section 13b) 26,839 2,874 7,109 4,393 1,007 3,246 713 1,429 53S 1,001 1,142 1,266 2,121 Other capital accounts 50,480 2,695 14,853 3,363 5,082 2,078 2,194 8,312 2,123 2,392 1,779 2,320 3,289 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,041,638 1,427,117 10,418,503 1,304,439 1,698,771 767,802 514,169 3,426,458 653,213 404,372 576,921 429,561 1,420,272 Commitments to make industrial advances 7,269 253 715 1,010 926 577 508 23 401 50 128 4 2,674 ATURITY DISTRIBUTION OF BILIfl AND SECURITIES Within 16 to 31 to 61 to 91 days to 6 nonths 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 Year? Bills discounted 4,244 1,312 500 960 476 887 109 Industrial advances 8,215 1,411 120 515 296 588 1,431 1,455 2,399 U. S. Government securities, direct and guaranteed 2,254,100 81,300 115,300 194,000 653/>00 1,209,900 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forn. F. R. 283-d FEDERAL RESERVE NOTE STATEMENT Oil IJOVELiBER. 13, 1940 (in thousands of dollars) Total Boston Iiew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn.. Kans.Cy. Dallas San Fran. Federal Reserve notest Issued to F.R.Bank by F.R.agent 5,935,887 475,926 1,580,053 408,552 534,708 279,2.63 201,601 1,236,607 2.23,945 159,462 211,372 102,072 522,326 Held by Federal Reserve Bank 293,187 20,328 84,837 20,607 18,360 13,601 18,172 30,979 12,066 4,556 8,910 9,232 51,539 In actual circulation 5,642,700 455,598 1,495,216 387,945 516,348 265,662 183,429 1,205,628 211,879 154,906 202,462 92,840 470,787 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 6,034,000 490,000 1,600,000 410,000 538,500 290,000 205,000 1,250,000 234,000 161,500 -0.5,000 106,000 534,000 Eligible paper 2,772 30 514 310 80 - - - - 95 291 1,452 - - Total collateral 6,036,772 490,030 1,600,514 4.10,310 538,500 290,080 205,000 1,250,000 234,095 161,791 216,452 106,000 534,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis