H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Fora F. R, 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Jan. 17; of the Federal Reserve System not earlier. January 16, 1941 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended January 15 member bank reserve balances increased $130,000,000. Additions to member bank reserves arose from decreases of $86,000,000 in money in circulation and $8,000,000 in Treasury cash, and increases of $32,000,000 in gold stock, $17,000,000 in Reserve bank credit and $4,000,000 in Treasury cxirrency, Offset in part by an increase of $17,000,000 in Treasury deposits with Federal Reserve Banks. Excess reserves of member banks on January 15 vreru estimated to be approximately $6,900,000,000, an increase of $60,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended January 15, 194-1, were as follows! Increase or decrease since Jan. 15, Jan. 8, Jan. 17, 1941 1941 1940 (In millions of dollars) Bills discounted 4 + 1 3 U. S, Govlt securities,direct and guaranteed 2,184 - 293 Industrial advances(not including 5 million oc.i.dtuoiits ~ January 15) 8 --- 3 Other Swerve Bank credit 59 + 17 + 39 Total. ?.e nerve Bank credit 2,254 + 17 - 261 Go Li '.mod: 22,066 + 32 +4,26l Treasury currency 3,092 + 4 + 124 Member bank reserve balances l4,4l4 +130 +2,394 Money in circulation 8,542 - 86 +1,137 Treasury cash 2,195 - 8 - 166 Treasury deposits with F. R. Banks 237 + 17 - 338 Nonmember deposits and other F. R. accounts 2,025 + 1 +1,097 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. P., 28'3-a Released for publication Friday morning, January 17» 1941; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Jan. 15» Jan. 8, J on * 17, 1941 1941 1940 A S S E T S Gold certificates on hand and due froa U, S. Treasury 19,845,780 + 40,999 +4,412,659 Redemption fund - F. P.. notes 9,722 + 614 + 337 Other cash 360,817 +..¿§>¿22 - 25,634 Total reserves 20,216,319 + 78,086 +4,387,362 Bills discounted* Secured by U. S„ Gov’t obligations, direct and guaranteed 2,021 + 1,121 + 1,428 Other bills discounted 1,638 294 - 4,665 Total bills discounted 3,659 + 827 3,237 Industrial advances 7,508 205 3,385 U. S. Government securities, direct and guaranteed! Bonds 1,284,600 - 59,445 Notes 899.500 - — -233,725 Total U. S, Government securities, direct and guaranteed 2,184,100 - 293,170 ---------- Tot,a], bills and securities 2,195,267 + 622 - 299,792 Due fron foreign banks 47 _ - ---------- F. R. notes of other banks 29,820 363 + 1,925 Uncollected itens 901,592 +156,396 + 170,339 Bank premises 40,075 1 - 1,661 Other assets 48,955 + 998 - 10,922 T O T A L A S S E T S 23,432,075 +235,738 +4,247,251 L I A B I L I T I E S F. R. notes in actual circulation 5,824,852 - 52,396 + 975,095 Deposits* Member bank - reserve account 14,413,569 +129,207 +2,393,975 U„ S. Treasurer - General accounts 237,067 + 17,279 - 337,727 Foreign 1,229,836 +107,305 + 834,069 Other deposits 511,947 -105,192 + 229,428 Total deposits 16,392,419 +148,599 +3,119,745 Deferred availability itens 842,582 +139,290 + 131,375 Other liabilities including accrued dividends _.2>m + 64 + 675 __ TOTAL LIABILITIES 23,062,026 +235,557 +4,22.6,890 C A P I T A L A C C O U N T S Capitol paid in 139,306 + 163 + 3,370 Surplus (Section 7) 157,065 + 5,345 — — Surplus (Section 13b) 26,785 _ _ 54 Other capital accounts 46,893 + 18 + 11,700 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,432,075 +235,738 +4,247,251 Ratio of total reserves to deposit and F. R. note liabilities combined 91.056 _ _ + 3.756 Commitments to make industrial advances 4,889 203 3,405 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

For* F. R. 2S3-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BA1IKS OH JANUARY 15, 1941 (in thousands of dollars) A S S E T S Total Boston Mew York Phila* Cleve. Rich* Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due fron U.S.Treasury 19,845,780 1,181,902 9,802,581 1,046,103 1,358,522 559,458 376,433 2,862,048 487,350 299,721 420,298 280,036 1,171,328 Redenption fund - F*R.notes 9,722 1,128 1,615 926 541 1,387 453 1,067 125 302 372 487 1,319 Other cash 360,817 35,132 76,082 25,397 26,750 20,708 24,750 52,846 20,161 7,627 17,836 16,559 36,969 lQlal.-?.e.se.rves 20,216,319 1,218,162 9,880,278 1,072,426 1,385,813 581,553 401,636 2,915,961 507,636 307,650 438,506 297,082 1,209,616 Bills discounted: Secured by U. S. Gov*t obligations, direct and guaranteed 2,021 -- 426 348 60 33 2 1,000 -- 109 43 — - — _ Other bills discounted 1,638 — — , 462 207 120 27 22 111 19 80 512 30 48 Total bills discounted 3,659 -- 888 555 180 " 60 24 1,111 19 189 555 30 48 Industrial advances 7,508 920 1,755 2,031 245 780 337 268 — — 271 79 278 544 U. S. Government securities> direct and guaranteed l Bonds 1,284,600 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 37,522 100,864 42,477 27,532 45,177 35,762 74,319 Total U. S. Qov,t securities. direct and guaranteed 2,184,100 158,481 632,503 174,842 215,303 119,976 91,109 244,910 103,138 66,852 109,695 86,835 180,456 Total bills and securities 2,195,267 159,401 635,146 177,428 215,728 120,816 91,470 246,289 103,157 67,312 110,329 87,143 181,048 Due fron foreign banks 47 3 18 5 4 2 2 6 1 * 1 1 4 F. R. notes of other banks 29,820 701 3,350 1,177 2,597 5,503 3,179 3,289 2,251 274 2,098 740 4,661 Uncollected items 901,592 88,085 230,647 64,260 111,123 69,213 34,199 123,729 49,854 18,990 33,342 30,080 48,070 Bank prenises 40,075 2,833 9,702 4,529 4,586 2,591 1,991 3,040 2,318 1,367 3,043 1,226 2,849 Other assets 48,955 3,345 13,699 4,243 5,217 2,966 1,967 5,172 2,166 1,530 2,337 1,954 4,359 T O T A L A S S E T S 23,432,075 1,472,530 10,772,840 1,324,068 1,725,068 782,644 534,444 3,297,486 667,383 397,123 589,656 418,226 1,450,607 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forn F, R. 283—c STATELIENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH JANUARY 15, 1941 (in thousands of dollars) L I A B I L I T I E S Total Boston Hew York Phila. Cleve, Rich,, Atlanta Chicago !St,Louis Minn* Kans. Cy,, Dallas San Fran, F.R. notes in actual cir­ culation ,824,852 471,038 1,539,890 404,001 534,525 274,908 193,312 1,252,647 219,679 156,798 209,314 95,119 473,621 Deposits* Member bank—reserve acct, ,413,569 819,848 7,702,042 709,177 963,106 372,450 249,610 1,741,868 343,955 181,564 290,287 244,118 795,544 U.S.Treasurer-General acct. 237,067 7,827 75,138 16,257 13,977 13,678 12,646 33,642 10,499 10,329 14,500 14,776 13,798 Foreign ,229,836 55,009 725,205 76,103 72,180 33,736 27,460 94,148 23,537 17,260 22,752 22,752 59,694 Other deposits 511,947 7,958 399,615 21,144 5,449 3,996 4,795 5,708 ‘ 7,702 4,933 10,612 1,622 38,413 Total deposits ,392,419 890,642 8,902,000 822,681 1 £5^712 423,860 294,511 1,875,366 385,693 214,086 338,151 283,268 907,449 Deferred availability items 842,582 85,005 202,550 62,706 101,395 67,776 33,019 121,993 50,326 16,530 30,948 28,383 41,951 Other liabilities including accrued dividends 2,173 285 525 252 204 257 93 218 66 87 76 78 32 TOTAL LIABILITIES ,062,026 1,446,970 10,644,965 1,289,640 1,690,836 766,801 530,935 3,250,224 <655,764 387,501 578,489 406,848 1,423,053 C A P I T A L A Ç Ç 0 U H Capital paid in 139,306 9,341 51,447 11,896 14,347 '5,390 4,764 14,569 4,217 2,976 4,474 4,243 11,642 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 13b) 26,785 2,874 7,070 4,393 1,007 3,244 713 1,429 533 1,000 1,138 1,263 2,121 Other capital accounts 46,893 2,439 12,911 2,995 4,555 1,962 2,307 8,440 1,944 2,494 1,942 1,898 3,006 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,432,075 1,472,530 10,772,840 1,324,068 1,72^068 782,644 534,444 3,297,486 667,383 397,123 589,656 418,226 1,450,607 Commitments to make industrial advances 4,889 40 688 98 748 537 24 298 47 35 4 2,370 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 6l 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 3,659 2,253 720 154 281 245 6 — — - — — — Industrial advances 7,508 1,406 82 127 382 482 1,262 1,447 2,320 ---------- 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 NOTE STATEMENT ON JANUARY 15, 194-1 (in thousands of dollars) Total Boston New York Phila* Cleve. Rich. Atlanta Chicago St.Louis Minn. ICans.Cy. Dallas San Fran. Federal Reserve notes* Issued to’F.R.bank by F.R.agent 6,190,512 498,967 1,626,700 42.5,53« 565,128 295,587 217,202 1,292,946 2.33, >¿3 162,894 219,226 106,622 546,039 Held by Federal Reserve Bank 365,660 27,929 86,810 21,537 30,603 20,679 23,890 40,299 13,984- 6,096 9,912 11,503 72,418 In actual circulation 5,824,852 471,038 1,539,890 404,001 534,525 274,908 193,312 1,252,647 219,679 156,798 209,314 95,119 4-73,621 Collateral held by agent as security for notes issued to bank* Gold certificates on hand and due from U. S.Treasury 6,334,500 510,000 1,645,000 440,000 570,000 315,000 225,000 1,310,000 244,000 165,500 225,000 111,000 574,000 Eligible paper 1,741 - - 502 494 - - 33 --- - “ -s - 175 537 - - Total collateral 6,336,241 510,000 1,645,502 440,494 570,000 315,033 225,000 1,310,000 244,000 165,675 22.5,537 111,000 574,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis