H.4.1 Factors Affecting Reserve Balances of Depository Institutions

term F. R 283 # STATEMENT FDR THE PRESS Released for publication Board of Governors Friday morning, Dec. 27 J of the Federal Reserve System not earlier. December 26, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 24 member bank reserve balances increased $33*000,000. Additions to member bank reserves arose from a decrease of $39,000,000. in Treasury deposits'with Federal Reserve Banks , and increases of $30 5,000,000 in Reserve Bank credit and $32,000,000 in gold stock, offset in part by increases of $101,000,000 in money in circulation, $9,000,000 in Treasury cash, and $9,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on December 24 were estimated to be approximately $6,440,000,000, an increase of $40,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended December 24, 1940, were as follows: Increase or decrease since Dec, 24, Dec. 18, Dec. 27, 1940 1940 1939 (In millions of dollars) Bills discounted 4 - - - 4 U. S. Gov*t securities,direct and guaranteed 2,184 - - 305 Industrial advances (not including 6 million commitments December 24) 8 +1 - 3 Other Reserve Bank credit 141 +31 + 81 Total Reserve Bank credit 2,336 + 30 - 232 Qold stock 21,930 + 32 +4,310 Treasury currency 3,082 + 1 + 119 Llenber bank reserve balances 13*837 + 33 +2,344 Honey in circulation o,ol7 +101 +1,154 Treasury cash 2,213 + 9 - 204 Treasury deposits with F. R. Banks 481 - 89 - 165 Ilomember deposits and other F. R. accounts 2,000 + 9 +1,067 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283~a Released for publication Friday morning, December 27,1940; not earlier, STATELIEST OF CONDITION OF THE TWELVE FEDERAL RESERVE BARKS COMBINED (In thousands of dollars) Increase or dsicr ease sine; Dec. 24, Dec. 18, Dec. 27, 1940 1940 1939 A S S E TS Gold certificates on hand and due fron U. S.Treasury 19,680,782 + 20,001 +4 ,506,988 Redenption fund - F. R. notes 11,228 _ - + 1,325 Other cash 228,561 - 19,443 — 40,767 Total reserves 19,92.0,571 + 558 +4 ,467,546 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 1,799 11 + 284 Other bills discounted 2.401 - 12S - 4,135 Total bills discounted 4,200 149 - 3,851 Industrial advances 77,,559988 + 165 — 33,,551155 U. S. Government securities, direct and guaranteed: Bonds 1,284,600 — - 71,597 Motes 899,500 — - 233,725 Total U. S. Government securities, direct and guaranteed 2,184,100 — — 305,322. Total bills and securities 2,195,893 + 16 312,688 - Due from foreign banks 47 - — - - F. R. notes of other banks 26,542 + 3,649 1,622 - Uncollected items 914,424 -110,040 + 126,946 Bank premises 41,188 33 - 976 Other assets 46,931 + 386 - 12,563 T O T AL A S S E TS 23,145,601 -105,464 +4,266,643 L I A B I L I T I ES F. R. notes in actual circulation 55,,996644,,993388 ++ 8811,,336633 + 998877,,228844 Deposits: Member bank - reserve account 13,837,243 + 32,807 +2 ,344,125 U. S. Treasurer - General account 481,494 - 88,958 164,520 - Foreign 1,111,262 - 28,823 + 703,422 Other deposits 600,207 + 3S,069 + 330,246 Total deposits 16,030,206 - 46,905 +3,213,273 Deferred availability items 777733,,992255 --114400,,334411 + 4455,,996655 Other liabilities including accrued dividends 5,437 + 308 — 138 TOTAL LIABILITIES 22,774,506 -105,575 +4,246,384 C A P I T AL A C C O U N TS Capital, paid in 138,267 + 54 + 2,773 Surplus (Section 7) 151,720 - ~ + 2,568 Surplus (Section 13b) 26,839 - — — 425 Other capital accounts 54,269 + 57 + 15,243 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,145,601 -105,464 +4• ,266,643 Ratio of total reserves to deposit and F. R. note liabilities combined 90,6$ - .1* + 3.0% Comnitnents to make industrial advances 6,253 51 - 2,967 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 Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. E" ans. Cv.D Gold certificates on hand and due from U. S. Treasury 19,680,782 I,l4l,0l4 9,647,199 1,035,785 1,315,790 555,368 386,744 2.913,856 507,567 316,164 423,8872 79,869 1,157,539 redemption fund - F.R.notes 11,228 1,279 1,241 1,183 741 1,861 670 1,333 190 359 433 521 1,417 Other cash 228,561 21,704 48,729 15,561 13,778 15,732 13,773 27,999 12,995 5,548 13,433 12,194 27,115 Total reserves 19,930,571 1 5163,997 9,697,169 1,052,529 1,330,309 572,961 401,187 2,943,188 520,752 322,071 437,753 292,584 1,186,071 Bills discounted! Secured by U. S. Gov't obligations, direct and guaranteed 1,799 285 532 304 150 220 2 15 50 129 108 4 — — Other bills discounted 2,401 516 288 162 41 36 157 78 160 854 40 69 Total bills discounted 4 ?nn ; 285 1,048 592 312 261 38 172 128 289 962 44 69 Industrial advances 7,598 974 11,,776677 22,,009911 223399 781 333344 265 — — 227 80 279 556611 U. S. Government securities, direct and guaranteed: Bonds 1,284,600 92,213 379,572 107,638 128,649 68,168 49,278 146,651 55,508 36,611 62,958 49,948 107,406 Notes 899,500 64,568 265,783 75,369 90,082 47,732 34,506 102,688 38,868 25,636 44,085 34,974 75,209 Total U. S.Gov't securities, direct and guaranteed 2.134,100 156,781 645,355 183,007 218,731 115,900 83,784 249,339 94,376 62,247 107,04-3 84,92.2 182,615 Total bills and securities 2.195,898 158,040 648,170 185,690 219,282 116,942 84,156 249,776 94,504 62,763 108,085 85,245 183,245 Due from foreign banks 47 3 18 5 4 2 2 6 1 * 1 1 4 F. R. notes of other banks 26,542 687 4,426 1,237 2,275 2,213 3,479 3,863 2,307 801 1,990 762 2,502 Uncollected items 914,424 80,337 221,168 61,672 106,648 74,544 38,043 130,762 51,554 21,006 38,900 35,213 54,577 Bank premises 41,188 2,838 9,721 4,503 5,400 2,579 1,991 3,328 2,428 1,369 3,065 1,108 2,858 Other assets 46,931 3,120 13,291 3,837 5,181 2,781 1,713 4,986 1,865 1,365 2,134 2,419 4,239 T O T AL A S S E TS 23,145,601 1,409,022 10,593,963 1,309,473 1,669,099 772,022 530,571 3,335,909 673,411 409,375 591,928 417,332 1,433,496 *Less than $500 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 22j-c STATEMENT OF CONDITIO!! OF THE FEDERAL RESERVE BATIKS Oil DECEMBER 24, 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 circulation 5,964,938 482,878 1,573,086 415,952 551,356 287,881 199,199 1,265,993 222,681 159,730 211,113 98,2.61 496,808 Deposits: Member bank-reserve acct .13,837,243 746,901 7,393,928 681,438 888,484 345,337 2.37,021 1,738,708 341,171 176,721 2.84,948 236,567 766,019 U.S.Treasurer-General acct. 481,494 16,801 215,090 15,212 24,697 18,419 17,972 71,080 21,070 2.4,260 16,690 14,470 25,733 Foreign 1,111,262 55,126 612,667 75,841 71,972 33,277 27,086 92,867 23,217 17,026 22,4(43 23,217 56,523 Other deposits 600,207 8,814 489,773 31,808 5,074 5,177 4,900 3,750 6,995 5,484 12,456 2,217 23,759 Total deposits 16,030,206 827,642 8,711,458 804,299 990,227 402,210 2.86,979 1,906,405 392,453 223,491 336,537 276,471 872,034 Deferred availability items 773,925 72,407 180,156 54,545 91,894 65,634 30,755 115,595 46,403 16,339 32,918 30,537 36,742 Other liabilities including accrued dividends 5,437 507 1,737 496 618 178 185 652 159 187 186 189 343 TOTAL LIABILITIES 22,774,506 1,383,434 10,466,437 1,275,292 1,634,095 755*^0. 517;L18 3,288,645 661,696 399,747 580,754 405,458 1,405,927 C A P I T AL A C C O U N TS Capital paid in 138,267 9,335 51,094 11,881 14,197 5,363 4,693 14,294 4,186 2,976 4,458 4,171 11,619 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 3,246 713 1,429 538 1,001 1,142 1,266 2,121 Other capital accounts 54,269 2,974 15,997 3,709 5 477 2 263 2.322 8 717 2.282 2,499 1,961 2,46? 3,605 , f r r TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,145,601 1,409,022 10,593,963 1,309,473 1^69/399 772,022 530,571 3,335,909 673,411 409,375 591,928 417,332 1,433,496 Commitments to make industrial advances 6,253 244 701 1,025 784 518 - - 24 424 50 35 4 2,444 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 4,200 2,059 467 810 224 603 37 Industrial advances 7,598 1,477 196 110 156 488 1,354 1,462 2,355 U. S. Government securities, direct and guaranteed 2,184,100 - - - - - - 74,800 58,300 100,000 181,800 633,400 1,135,800 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forn. F. R. 283-d FEDERAL RESERVE NOTE STATEHEIIT ON DEGEHBER 24, 1940 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F. R. Bank by F.R.agent 6,247,538 498,593 1,649,475 431,213 570,158 299,902 216,842 1,296,716 234,476 164,848 220,025 107,525 557,765 Held by Federal Reserve Bank 282,436 15,715 76,389 15,261 18,802 12,021 17,643 30,723 11,751 4,998 8,912 9,264 60,957 In actual circulation 5,965,102 482,878 1,573,086 415,952 551,356 287,881 199,199 1,265,993 222,725 159,850 211,113 98,261 496,808 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 6,364,500 510,000 1,675,000 440,000 575,000 315,000 220,000 1,310,000 244,000 165,500 225,000 111,000 574,000 Eligible paper 2,912 285 643 499 - - 220 - - - - 100 250 915 Totalcollateral 6,367,412 510,285 1,675,643 440,499 575,000 315,220 220,000 1,310,000 244,100 165,750 225,915 111,000 574,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis