H.4.1 Factors Affecting Reserve Balances of Depository Institutions

torn F. 'R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday luorning, Jan, 31 j of the Federal Reserve System not earlier, January 30, 1941 CONDITION OF THE FEDERAL RESERVE BARKS During the week ended January 29 member bank reserve balances decreased $63¡,000,000, Reductions in member bank reserves arose from increases of $7,000,000 in money in circulation, $4,000,000 in Treasury cash, and $49,000,000 in noir^ember deposits and other Federal Reserve accounts and a decrease of $28,000,000 in Reserve Bank credit, offset in part by increases of $21,000,000 in gold stock and $2,000,000 in Treasury currency, and a decrease of $3,000*0'0 in Treasury deposits with Federal Reserve Banks. Excess reserves of member banks on January 29 were estimated to be approximately $6,800,000,000, a decrease of $60,000,000 for the week, • Changes in member bank reserve balances and related items during the week and the year ended January 29- 1941, were as follows: Increase or decrease since Jan, 29, Jan. 22, Jan. 31 1941 1941 1940 (In mi'Liions of dollars) Bills discounted 3 - 1 4 U. S. Gov’t securities,direct and guaranteed 2,184 - - - 2<?3 Industrial advances (not including 5 million commitments - January 29) 8 -- 2 Other Reserve Bank credit 33 - 28 + 25 Total Reserve Bank credit 2,228 - 28 - 275 Gold stock 22,110 + ZL +4,179 Treasury currency 3j097 + 2 + 127 Member bank reserve balances 14,347 - 63 +2,197 Money in circulation 8,548 + 7 +1,172 Treasury cash 2,200 4* A - 159 Treasury deposits with Ft R. Banks 258 ~ 3 - 291 Nonaember deposits and other F, P.. accounts 2,082 + 49 +1,111 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R, 283-* a Released for publication Friday morning, January 31» 19-415 not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Jan. 29, Jan. 22, Jart.31, 1941 1941 1940 A S S E T S Gold certificates on hand and due from U. S. Treasury 19,896,780 + 17,002 +4.,344,660 Redemption fund - F. R. notes 9,825 - 1 + 490 Other cash 372,754 + 9,353 - 40,468 Total reserves 20,279,359 +;26,354 +4.,304,682 Bills discounted» Secured by U. S. Gov’t obligations, direct and guaranteed 1,411 849 + 8 53 Other bills discounted 1.2.55 - - ¿*112 ____ Total bills discounted 2,666 - 883 - 4,280 Industrial advances 7,871 + 371 — 2,502 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 Total bills and securities 2,194,637 - 5.12 ~ 299,952 Due from foreign banks 47 _ _ _ _ F. R. notes of other banks 2.5,740 - 3,662. + 1,114 Uncollected items 726,775 -113,182 + 101,707 Bank premises 40,038 - 24 - 1,770 Other assets 50,529 + 1,046 11,444 T O T A L A S S E T S 23,317,125 - 89,980 +4.,094,337 L I A B I L I T I E S F. R. notes in actual circulation 5,845,759 + 11,253 +1,013,658 Deposits: Member bank - reserve account 14,347,011 — 62,549 +2.,197,435 U. S. Treasurer - General account 258,251 - 2,761 - 291,190 Foreign 1,215,590 - 15,100 + 808^277 Other deposits 583.657 + 64,082 + 268*222 Total deposits 16,404,509 - 16,328 +2,982,895 Deferred availability items 693,526 - 85,597 + 76,825 Other liabilities including accrued dividends ....... 2^951 + 525 + 800 TOTAL LIABILITIES 22,946,747 - 90,147 +4,074,178 G A P IT A L A C C O U N T S Capital paid in 139,448 •¥ 97 + 3,440 Surplus (Section 7) 157,065 -- + 5,345 Surplus (Section 13b) 26,785 ----- - 54 Other capital accounts 47,080 + 70 + 11,428 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,3-17,12 5 89,980 +4,094,337 Ratio of total reserves to deposit and F.R. note liabilities combined 91.1* + .1% + 3*6% Commitments to make industrial advances 5,207 + 112 — 3,169 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 29, 194-1 (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 19,896,780 1,192,738 "9,723,700 1,042,313 1,408,645 568,976 373,115 2,897,336 493,973 309,804 418,746 284,923 1,182,511 Redemption fund - F.R.notes 9,825 1,090 1,456 864 494 1,924 430 1,014 n4 296 360 430 1,303 Other cash 372,754 30,443 83,518 28,974 27,523 20,616 26,04« 53,801 19,754 8,463 18,522 15,425 39,667 Total reserves 20,279,359 1,224,271 9,808,674 1,072,151 1,436,662 591,516 399,593 2,952,151 513,841 318,563 437,628 300,828 1,22.3,481 Bills discounted* Secured by U.S. Gov’t obligations, direct and guaranteed 1,4-31 20 640 498 --- 18 2 41 - - 149 43 Other bills discounted 1,255 --- 323 126 93 15 19 57 10 116 447 22 27 Total bills discounted 2,666 20 963 624 93 33 21 98 10 26 5 4-90 22 27 Industrial advances 7,871 914 1,755 2,376 249 770 33 5 316 3 268 73 278 534 U. S. Government securities , direct and guaranteed: Bonds 1,2.84,600 93,212 372,013 102,835 126,632 70,566 53,587 144;., o46 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.Gov’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 2,194,637 159,413 635,221 177,842 215,645 120,779 91,465 245,324 103,151 67,385 110,258 87,135 181,017 / Due from foreign banks 47 3 18 5 4 2 2 O 1 * 1 1 4 F. R. notes of other banks 25,740 613 2,541 864 2,278 4,996 3,465 2,4-36 1,432 6 58 1,587 724 4,146 Uncollected items 726,775 69,598 177,136 51,249 86,265 58,055 31,218 103,013 40,961 16,015 28,.297 23,632 41,336 Bank premises 40,038 2,833 9,702 4,519 4,574 2,588 1,988 3,040 2,318 1,367 3,04-3 1,226 2,840 Other assets 50,529 3,439 14,073 4,572 5,381 3,075 2,015 5,350 2,205 1,566 2,398 2,004 4,451 T O T A L A S S E T S 23,317,125 1,460,172 10,647,365 1,311,202 1,750,809 781,011 529,746 3,311,320 663,909 405,554 583,212 415,550 1,457,275 ■^Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 2Ey~c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BA1JKS OH JANUARY 29, 1941 (ln thousands of dollars) L I A B I L I T I E S Total Boston ]:iew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual cir­ culation 5,845,759 470,474 1,548,781 405,951 537,337 276,577 193»084 1,257,615 220,668 155,894 210,590 95,891 472,097 Depositst Member bank-reserve acct. 14,347,011 815,795 7,561,553 711,590 994,597 378,047 245,885 1,775,782. 346,611 185,242 289,251 245,692 796,966 U.S.Treasur eiMleneral acct. 258,251 16,696 84,009 11,550 14,587 10,983 12,060 26,715 12,675 17,402 13,282 11,378 26,914 Foreign 1,215,590 54,719 705,370 77,100 73,126 34,178 27,820 95,382 23,846 17,487 23,051 23,051 60,460 Other deposits 583,657 7,775 460,382 20,251 . 12,561 8,341 6,319 6,442 7,617 6,000 8,971 1,883 37,115 Total deposits 16,404,509 894,985 8,811,314 820,491 1,094,871 431,549 292,084 1,904,321 390,749 226,131 334,555 282,004 921,455 Deferred availability items 693,526 68,802 158,763 49,837 84,049 56,708 30,131 101,722 40,742 13,775 26,760 26,151 36,086 Other liabilities including accrued dividends 2,953 312 553 483 294 316 133 349 91 123 114 120 65 TOTAL LIABILITIES 22,946,747 1,434,573 10,519*411 1,276,762 1,716,551 765,150 516,232 3,264,007 652,250 395,923 572,019 404,166 1,429,703 C A P I T A L A C C O U B ' T S Capital paid in 139,AAB 9,34L 51,466 11,903 14,366 5,402 4,765 I4,6l4 4,237 2,978 4,479 4,246 11,651 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 i»ooo 1,138 1,263 2,121 Other capital accounts 47,080 2,478 12,971 3,000 4,562 1,968 2,311 8,446 1,964 2,501 1,963 1,901 3,015 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,317,125 1,460,172 10,647,365 1,311,202 1,750,809 781,011 529,746 3,311,320 663,909 405,554 583,212 415,550 1,457,275 Commitments to make industrial advances 5,207 191 670 257 738 537 22 254 47 35 4 2,452 MATURITY DISTRIBUTION OF BILLS A1JD 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 dayss 6 months to 1 Year to 2 Years 5 Years 5 Years Bills discounted 2,666 1,966 90 113 285 201 11 — — _ _ _ . Industrial advances 7,871 1,386 52 197 352 511 1,625 1,408 2,340 - - U. S. Government securities. direct and guaranteed 2,184,100 ----- --- 74,800 ----- 58,300 100,000 181,800 633^00 1,135,800 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d FEDERAL RESERVE MOTE STATEMENT Oil JANUARY 29, 194-1 (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 6,177,740 497,312 1,624,427 425,627 562,159 293,265 217,007 1,297,873 233,362 163,239 219,187 105,187 539,095 Held by Federal Reserve Bank 331,981 26,838 75,646 19,676 24,822 16,688 23,123 40,258 12,694 7,345 8,597 9,296 66,998 In actual circulation 5,845,759 470,474 1,548,781 405,951 537,337 276,577 193,884 1,257,615 220,668 155,894 210,590 95,891 472,097 Collateral held by agent as se­ curity for notes issued to bank; Gold certificates on hand and due from U. S. Treasury ' 6,329,500 510,000 1,645,000 440,000 565,000 315,000 225,000 1,310,000 244,000 165,500 225,000 111,000 574,000 Eligible paper 2,104 20 740 590 - - 18 - - - - 257 479 - - Total collateral 6,331,604 510,020 1,645,740 440,590 565,000 315,018 225,000 1,310,000 244,000 165,757 225,479 111,000 574,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis