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, Jan, 105 of the Federal Reserve System not earlier, January 9, 194-1 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended January 8 member bank reserve balances increased ¿258,000,000, Additions to member bank reserves .arose from decreases of $105,000,000 in money in circulation, $148,000,000 in Treasury deposits with Federa: Reserve Banks, and §9>000,000 in Treasury cash, and an increase of $39,000,000 in gold stock, offset in part by a decrease of $37,000,000 in Reserve Bank credit and an increase of ¿8,000,000 in nonnember deposits and other Federal Reserve accounts. Excess renerves of neither banks on January 8 were estimated to be approximately ¿6,840,000,000, cn increase of $220,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended January 8, 194-1, were as follows» Increase or decrease since Jan, 8, Dec. 31, Jan, 10, 1941 1940 1940 ' (In 1millions of dollars) Hills discounted 3 , — 4 U, S. Gov’t securities,direct and guaranteed 2, ISA -- - 293 Industrial advances (not including 5 million commitments - January 8) 8 -- 3 Other Reserve Bank credit 42 - 38 + 33 Total Reserve Bank credit 2,237 - 37 - 267 Gold stock 22,034 + 39 +4,287 Treasury currency 3,088 + 1 + 123 IJenber bank reserve balances 14,284 + 258 +2,454 licnoy in circulation 8,62.8 - 105 +1,165 Treasury cash 2,203 - 9 - 138 Treasury deposits v,dth F. R. Banks 220 - 1.48 - 435 Nonnember deposits and other F. R. accounts 2,024 + s +1,097 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 2S>-a Released for publication Friday morning, January 10, 1941; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Jaxi. 8, Dec, 31, Jan. 10, 1941 1940 1940 A S S E T S Gold certificates on hand and due from U* S. Treasury 19,804,721 + 54.000 +4,420,756 Redemption fund - F. R. notes 9,108 534 795 Other cash 324.344 ± 4SU23J - 46,075 Total reserves 20,138,233 +102,651 +4,373,886 Bills discountedi Secured by U. S, Gov't obligations, direct and guaranteed 900 + 49 + 294 Other bills discounted 1,932 r._ -122 4,304 Total bills discounted 2,832 S3 4,010 Industrial advances 7,713 + 175 3,130 U. S. Government securities, direct and guaranteed» Bonds 1,234,600 - 59,445 Notes 399,500 — - - 233,725 Total U. S.Government securities, direct and guaranteed 2,184,100 - 293,170 Total bills and securities 2,194,645 + 92 - 300,310 Due from foreign banks 47 ih •»* - — F. R. notes of other banks 30,183 - 1,445 440 Uncollected items 745,196 -167,202 + 126,4C0 Bank premises 40,0.76 + 14 1,659 Other assets . 47^57 +. . -261 - 11,147 T O T A L A S S E T S 23,196,337 - 65,529 +4,136,730 L I A B I L I T I E S F, R. notes in actual circulation 5,877,248 - 53,749 + 991,019 Deposits» Member bank - reserve account 14,284,362 +253 ,729 +2,454,432 U, S. Treasurer - General account;. 219,788 -148,693 - 435,646 Foreign 1,12.2,531 - 10,378 + 713,156 Other deposits . ... 617,139 + 17,595 Total deposits 16,243,820 +117,253 +3,081,705 Deferred availability items 703,292 -12.9,48? + 93>493 Other liabilities including accrued dividends ...2,109 87 + 591 TOTAL LIABILITIES 22,826,469 - 66,070 +4,166,808 c a p i t a l a c c o u n t s Capital paid in 139,143 + 564 + 3»102 Surplus (Section 7) 157,065 + 1 + 5,345 Surplus (Soction 13b) 26,785 - - 54 Other capital accounts 46,875 24 + 11,529 IOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,196,337 - 65,529 +4,186,730 Ratio of total reserves to deposit and F, R. note liabilities combined 91.0* + *2$ + 3.7% Commitments to make industrial advances 5,092 134 3,311 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forr/i F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS Oil JANUARY 8, 1941 (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 TJ. S. Treasury 19,804,781 1,183,701 9,759,446 1,065,895 1,353,335 567,319 374,089 2,S37,23G 483,207 302,349 417,324 282,925 1,177,953 Redemption fund - F.R.notes 9,108 1,188 861 1,027 612 1,086 48o 1,166 142 311 386 496 1,345 Other cash 324,344 33,401 65,646 23,081 22,240 20,928 23,556 44,2ol 18,433 6,878 17,995 14,592 33,313 Total reserves 20,138,233 1,218,290 9,825,953 1,090,003 1,376,187 589,333 398,133 9 ¿'¿'A 501,782 309,538 435,705 298,013 1,212,63.1 Pills discounted: Secured by Ü. S. Govtt obligations, direct and guaranteed 900 25 349 232 150 10 2 84 AS Other bills discounted 1,932 494 267 14c 36 pQ 143 25 92 60 0 37 61 Total bills discounted 2,832 25 84-3 499 290 46 31 143 25 176 656 37 61 Industrial advances 7,713 972 1,755 2,032 245 931 329 260 278 80 278 54 5 ■J. S. Government securities, direct and guaranteed: Bonds 1,204,600 93,212 372,013 102,835 126,632 70,566 53,587 144,046 60,661 39,320 64,518 51,073 106,137 Notes 899,500 65,269 260,490 72,007 88,671 49,410 37,522 100,854 42,47? 27,532 45,177 35,762. 74,319 Total U. S. Gov’t securities direct and guaranteed 2,184,100 158,481 632,503 174,842 215,303 119,976 91,109 24/,910 103,138 66,852 109,695 86,835 180,456 Total bills and securities 2,194,645 159,478 635,101 177,373 215,838 120,953 91,469 245,321 103,163 67,306 110,431 87,150 181,062. Due from foreign banks 47 3 18 5 4 2 2 1 * 1 1 4 F. R. notes of other banks 30,183 833 2,988 1,302 2,164 4,466 3,317 3,435 2,966 1,44,1 2,284 868 4,119 Uncollected items 745,196 69,871 178,971 54,362 78,939 64,080 34,544 101,150 41,752 16,169 34,074 28,652 42,632 Bank premises 40,076 -2,833 9,701 4,529 4,587 2,591 1,991 3,040 2,319 1,367 3,0/3 1,226 2,349 Other assets 47,957 3,278 13,293 4,152 5,168 2,915 1,932 5,083 2,121 1,506 2,297 1,908 4,304 T O T A L A S S E T S 23,196,337 1,454,586 10,666,025 1,331,726 1,682,887 784,340 531,383 3,240,720 654,104 397,327 587,835 417,SIS 1,447,581 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forn F. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 8, 1941 (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 F.R. notes in actual ci3>culation 5,877,248 475,760 1,549,880 405,913 540,745 278,549 194,445 1,2.56,598 219,721 158,069 210,858 96,682 Deposits* Member bank-reserve acct.14,284,362 816,031 7,640,081 728,031 944,241 383,899 2/47,509 1,695,173 335,708 178,6-31 2.85,133 242,275 787,600 U.S.Treasurer-General acct. 219,788 8,134 60,055 8,906 10,672 5,880 11,062 43,773 13,817 14,882 13,690 14,981 13,936 Foreign 1,122,531 53,643 624,803 75,944 72,069 33,322 27,123 92,992 23,248 17,049 22,473 23,248 56,617 Other deposits 617,139 8,088 506,265 20,542 5,611 5,085 5,409 4,462 8,526 5,290 12,182 2,610 33,069 Total deposits 16.24? ,82.0 885,896 8,831,204 833,423 1,032,593 428,186 291,103 1,836,400 331,299 ,215,852 333,528 283,114 891,222 Deferred availability items 703,292 67,108 156,767 57,728 75,081 61,494 32,281 100,240 41,400 13,673 32,194 26,537 33,739 Other liabilities including accrued dividends 2,109 273 365 238 235 273 106 240 67 107 66 86 53 TOTAL LIABILITIES 22,826,469 1,429,037 10,533,216 1,297,302 1,648,654 768,502 517,935 3,193,478 642,487 387,701 576,646 406,469 1,420,042 C A P I T A L A C C O U I I T S Capital paid in 139,143 9,337 51,407 11,893 14,349 5,336 4,710 14,559 4,212 2,975 4,470 4,215 11,630 Surplus (Section 7) 157,065 10,906 56,447 15,144 14,323 5,247 5,725 22,824 4,925 3,152 3,613 3,974 10,785 Surplus (Section 13h) 26,785 2,874 7,070 4,393 1,007 3,244 713 1,429 533 1,000 1,130 1,263 2,121 Other capital accounts 46,875 2,432 12,305 2,994 4,554 1,961 2,305 8,4-30 *T ^ //r? 2,499 1,968 1,897 3,003 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,196,337 1,454,586 10,666,025 1,331,726 1,632,887 784,340 531>3öC 3s240,720 654,104 397,327 507,035 4-17,810 1,447,581 Commitments to make industrial advances 5,092 242 693 159 674 537 --- - 24 299 50 35 4 2,375 MATURITY DISTRIBUTION OF BILLS AID SECURITIES ¥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 nonths to 1 Year to 2 Years 5 Years 5 Years Bj^Lls discounted 2,832 1,294 721 226 200 376 15 — — — — Industrial advances 7,713 1,479 216 128 402 372 1,282 1,504 2,330 ----------- 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. 23y—d FEDERAL RESERVE '.JOTS STATSIEIIT Oil JAITUARY 8, 194-1 (in thousands of dollars) Total Boston I-Iew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy* Dallas San Fran. vedcral Reserve notest Issued to F.R. Bank by F.R.agent 6,239,665 501,953 1,654,181 425,93-4 566,267 297,340 218,277 1,292,622 235,170 163,642 219,346 107,449 556,934 Held by Federal Reserve Bank 362,417 26,193 104,301 20,021 25,522 19,2.91 23,332 36,024 15,449 5,573 3,488 10,767 66,956 ¿>1 actual circulation 5,877,248 475,760 1,549,330 405,913 540,745 278,549 194,445 1,256,593 219,721 158,069 210,858 96,682 490,028 Collateral held by agent as security for notes issued to banks Gold certificates on hand and due iron U. S. Treasury 6,374,500 510,000 1,68-5,000 440,000 570,0-00 315,000 225,000 1,310,000 244,000 165,500 225,000 111,000 574,000 Eligible paper 1,659 25 A25 417 — ~ 1 0 --- -- -- 152 6 3 0 --- - - Total collateral 6,376,159 510,025 1,685,425 440,4,17 570,000 315,010 225,000 1,310,000 244,000 165,652 225,630 111,000 574,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis