H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Forri F. R, 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Jan. 3? of the Federal Reserve System not earlier, January-2-,- 194& CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 31 member bank reserve balances increased $189,000,000. Additions to member bank reserves arose from decreases of $84,000,000 in money in circulation and $113,000,000 in Treasury deposits with Federal Reserve Banks, and increases of $65,000,000 in gold stock and $$¡,000,000 in Treasury currency, offset in part by a decrease of $62,000,000 in Reserve Bank credit and an increase of $16,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on December 31 were estimated to be approximately $6,620,000,000, an increase of $180,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended December 31, 1940, were as follows» Increase or decrease since Dec. 31j Dec. 24, Jan, 3> 1940 1940 1940 (in millions of dollars) Bills discounted 3 - 1 4 U. S. Gov’t securities,direct and guaranteed 2,184 - - - 300 Industrial advances(not including 5 million commitments - December 31) 8 ----------- 3 Other Reserve Bank credit 80 - 6l + 18 Total Reserve Bank credit 2,274 - 62 - 290 Gold stock 21,995 + 65 +4,298 Treasury currency 3,087 + 5 + 124 Member bank reserve balances 14,026 +189 +2,305 Money in circulation 8,733 - 84 +1,152 Treasury cash 2,212 - 1 - 155 Treasury deposits with F. R. Banks 368 -113 - 283 Honmember deposits and other F, R. accounts 2,016 + 16 +1,112 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F. R. 283-a Released for publication Friday morning, January 3» 19-41; not earlier* STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands Of dollars) Increase or decrease since Dec» 31, Dec. 24, <T cm# 3 $ 1940 1940 1940 A S S E T S Gold certificates on hand and due from U. S. Troaaury 19,750,781 + 69,999 4*4 9 44^ p £>60 Redemption fund - F. R. notes 9,692 - 1,536 - 211 Other cash 275.109 + 46,548 - 40,460 Total reserves 20,035,582 +115,011 +4,405,989 Bills discounted» Secured by U. S. Gov’t obligations, direct and guaranteed 851 - 948 + 228 Other bills discounted 2,064 r . . W - 4,121 Total bills discounted 2,915 - 1,285 - 3,893 Industrial advances 7,538 60 — 3,345 U. S. Government securities, direct and guaranteed» -r — — Bonds 1,28-4,600 66,445 Notes 899,500 ----- - 233,725 Total U. S. Government securities, direct and guaranteed 2,18-4,100 ----- - 300,170 Total bills and securities 2,19-4,553 - 1,345 - 307,408 Due from foreign banks 47 _ _ - - F. R. notes of other banks 31,628 + 5,086 1,838 Uncollected items 912,398 - 2,026 + 71,303 Bank premises 40,062 - 1,126 - 1,674 Other assets 47.596 + 665 — 10,658 T O T A L A S S E T S 23,261,866 +116,265 +4>159?390 L I A B I L I T I E S F. R. notes in actual circulation 5,930,997 - 33,941 + 983,234 Deposits» Ilenber bank - reserve account 14,025,633 +188,390 4-2,305,011 U. S. Treasurer - General account 368,481 -113,013 - 282,594 Foreign 1,132,909 + 21,647 + 730,484 Other deposits 599,544 r .__66J + 3.48,472 Total deposits 16,126,567 + 96,361 +3,101,373 Deferred availability items 832,779 + 58,854 + 53,702 Other liabilities including accrued dividends 2,196 7. -2*241 + 864 TOTAL LIABILITIES 22,892,539 +118>033 +4,239,173 0 A 1 1 1 A L A C C O U N T S Capital paid in 138,579 + 312 + 2,690 Surplus (Section 7) 157,064 + 5,344 + 5,344 Surplus (Section 13b) 26,785 54 - 54 Other capital accounts 46,899 r... 7J20 + 12,237 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,261,866 +116,265 +4,159,390 Ratio of total reserves to deposit and F. R. note liabilities combined 90,8$ + .2% + 3.8% Commitments to make industrial advances 5,226 - 1,027 3,228 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 28>-b STATEMENT OF OOIIDITION OF THE FEDERAL RESERVE BANKS OU DEC3.I3ER 31, 1940 (in thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U . S.Treasury 19,750,781 1,136,171 9,757,527 1,046,557 1,331,413 553,294 334,635 2,899,447 494,577 311,096 420,712 280,159 1,135,193 Redemption fund - F.R.notes 9,692 1,213 972 1,073 660 1,108 629 1,229 169 332 410 509 1,388 Other cash 275,109 26,617 51,324 18,754 19,963 18,806 19,055 36,352 16,482 6,576 15,285 14,010 31,885 Total reserves 20,035,582 1,164,001 9,809,823 1,066,384 1,352,036 573,308 404,319 2,937,028 511,228 318,004 436,407 294,673 1,168,466 Bills discounted} Secured by U. S. Gov’t obligations. direct and guaranteed 851 100 245 187 150 10 2 ----- ----- 109 48 ----- --- Other bills discounted 2,064 — 491 278 150 41 36 157 28 107 667 4o 69 — Total bills discounted 2,915 100 736 465 300 51 38 157 28 216 715 4o 69 Industrial advances 7,533 974 1,756 2,052 250 781 334 269 ----- 219 80 278 545 11» 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 2,184,100 156,781 645,355 183,007 218,731 115,900 83,784 249,339 94,376 62,247 107,043 84,922 182,615 Total bills and securities 2,194,553 157,855 647,847 185,524 219,281 116,732 84,156 249,765 94,404 62,682 107,838 85,240 183,229 Due from foreign banks 47 3 18 5 4 2 2 a 1 * 1 1 4 F.R. notes of other banks 31,628 635 4,773 1,865 1,947 3,328 3,385 4,136 2,896 1,514 2,26l 1,024 3,864 Uncollected items 912,398 82,594 234,525 63,085 102,207 76,132 43,435 126,885 52,651 19,555 36,161 29,530 45,638 Bank premises 40,062 2,833 9,701 4,501 4,587 2,590 1,991 3,040 2,318 1,367 3,059 1,226 2,849 Other assets 47,596 3,168 13,228 4,909 5,074 2,756 1,766 5,069 1,917 1,396 2,198 1,865 4,250 T O T A L A S S E T S 23,261,866 1,411,089 10,719,915 1,326,273 1,685,136 774,748 539,054 3,325,929 665,415 404,518 587,925 413,564 1,408,300 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283~c STATEMENT OF ODÏîDITI0H OF THE FEDERAL RESERVE BANKS ON DECEMBER 31, 1940 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual cir­ culation 5,930,997 479,728 1,576,404 410,704 540,941 283,520 195,853 1,262,396 221,148 158,709 211,215 97,865 492,514 Deposits! Member bank—reserve acct.14,025,633 756,465 7,556,979 703,580 920,969 354,132 246,999 1,711,100 326,872 174,476 279,690 240,275 754,096 U.S.Treasurer-General acct. 3*68,481 6,044 131,605 13,664 16,328 12,636 12,547 84 >537 23,893 22,857 16,861 10,926 16,583 Foreign 1,132,909 54,872 633,979 75,944 72,069 33,322 27,123 92,992 23,240 17,049 22,473 23,248 56,590 Other deposits 599,544- 8,236 492,197 26,675 4,774 4,245 5,481 5,324 7,167 5,376 13,164 2,4-46 24,459 'Total deposits 16,126,567 825,617 8,814,760 819,863 1,014,140 404,335 292,150 1,893,953 3^1,180 219,758 332,188 276,895 851,728 ¿Deferred availability items 832,779 79,913 201,083 60,412 95,814 70,836 37,533 122,197 51,417 16,344 33,301 27,399 36,530 Other liabilities including accrued dividends 2,196 269 175 875 149 246 80 153 56 81 48 61 3 TOTAL LIABILITIES 22,892,539 1,305,527 10,592,422 1,.291,854 1,651,044 758,937 525,616 3,278,699 653,001 394,892 576,752 402,220 1,300,775 C A P I T A L A C C O U N T S Capital paid in 138,579 9,335 51,096 11,882 14,198 5,366 4,693 14,533 4,212 2,975 4,462 4,208 11,619 Surplus (Section 7) 157,064 10,905 56,44-7 15,144 14,323 5,247 5,725 22,824 4,925 3,152 3,613 3,974 10,785 Surplus (Section 13b) 26,785 2,074 7,070 4,393 1,007 3,244 713 1,429 533 1,000 1,138 1,263 2,121 Other capital accounts 46,899 2,448 12,880 3,000 4,564 1,954 2,307 8,444 1,944 2,499 1,960 1,899 3,000 TOTAL LIABILITIES A15D CAPITAL ACCOUNTS 23,261,866 1,411,089 10,719,915 1,326,273 1,685,136 774,748 539,054 3,325,929 665,4-15 404,518 587,925 413,564 1,408,300 Commitments to make industrial advances 5,226 244 700 162 727 540 --- 24 299 50 35 4 2,441 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 6l to 91 days to 6 nonths 1 Year 2 Years to Over Total 15 days 30 days 60 days 90 days 6 months to I Year to 2 Years 5 Years 5 Years Bills discounted 2,915 1,370 209 693 154 472 17 Industrial advances 7,530 1,528 49 125 170 561 1,311 1,485 2,309 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

Form F. R. 283-d FEDERAL RESERVE HOTS STATEMENT Oil DECB.IBER 31, 1940 (In thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis liinn. Kims. Cy. Dallas San Fran. Federal Reserve notes* Issued to F.R. Bank by F.R,agent 6,256,650 502,343 1,660,126 429,044 569,587 299,792 220,270 1,294,126 234,319 163,870 219,247 106,582 557,344 Held by Federal Reserve Bank 325,653 22,615 83,722 18,340 28,646 16,272 24,417 31*730 13,171 5,161 8,032 8,717 64,830 In actual circulation 5,930,997 479,728 1,576,404 410,704 540,941 283,520 195,853 1,262,396 221,148 158,709 211,215 97,865 492,514 Collateral held by agent as security for notes issued to bank* Gold certificates on hand and due from U. S. Treasury 6,379,500 510,000 1,685,000 440,000 575,000 315,000 225,000 1,310,000 244,000 165,500 225,000 111,000 574,000 Eligible paper 1,688 100 331 372 - - 10 - - - - 190 685 - - Total collateral 6,381,188 510,100 1,685,331 440,372 575,000 315,010 225,000 1,310,000 244,000 165,690 225,685 11^,000 574,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis