H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F, R. 283 STATEMENT POR THE PRESS Released for publication Board of Governors Friday norning, Feb. l4j of the Federal Reserve System not earlier. February 13, 19-41. CONDITION OF TEE FEDERAL RESERVE BANKS During the week ended February 12 member bank reserve balances increased $29*000,000* Additions to member bank reserves arose from a reduction of $70,000,000 in Treasury deposits with Federal Reserve Banks and increases of $4-3,000,000 in Reserve Bank credit and $8,000,000 in gold stock, offset in part by increases of $38,000,000 in money in circulation and $53,000,000 in nonnenber deposits and other Federal Reserve accounts. Excess reserves of member banks on February 12 were estimated to be approximately $6,330,000,000, an increaseof $20,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended February 12, 1941, were as follows: Increase or decrease since Feb. 12, Feb. 5, Feb. 14, 1941 1941 1940 (in millions of dollars) Bills discounted 3 + 1 4 U. S. Gov*t securities,direct and guaranteed 2,184 — _ - 293 Industrial advances (not including 5 million comaitaents - February 12) 8 -- 2. Other Reserve Bank credit 66 + 43 + 30 Total Preserve Bank credit 2,2.60 + 43 - 270 Gold stock 22,130 + 8 +4,067 Treasury currency 3,100 + 1 + 123 Member bank reserve balances 13,871 + 29 +1,720 Money in circulation 8,665 + 38 +1,2.54 Treasury cash 2,212 ----- - 173 Treasury deposits with F. R. Banks 622 - 70 20 Nonnenber deposits and other F, P.. accounts 2,120 + 53 +1,138 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R* 283-a Released for publication Friday morning, February 14, 1941; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBI:nNeEdD (In thousands of dollars) Increase or decrease since Feb. 12, Feb. 5, Feb. 14-, 1941 1941 1940 A S S E T S Gold certificates on hand and due from U. S. Treasury 19,902,781 - 1,500 +4.228,163 Redemption fund — F. R. notes 9,598 + 814 - 520 Other cash 345,211 - 5,6io MS 39,580 Total reserves 20,257,590 - 6,296 +4,188,063 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 1,862 + 447 + 1,407 Other bills discounted 682 42 - 5,486 Total bills discounted 2,544 + 405 - 4,079 Industrial advances 7,877 + 6 — 2,557 U. S. Government securities, direct and guaranteed* Bonds 1,284,600 — _ 59,44,5 Notes 899,500 ----- - 233,725 Total U. S. Government securities direct and guaranteed 2,184,100 - 293,170 Total bills and securities 2,194,521 + 411 299,806 Due from foreign banks 47 — _ _ F. R. notes of other banks 26,310 + 734 + 5,037 Uncollected items 793,567 + 72,834 + 1,527 Bank premises 39,996 + 18 1,796 Other assets ._51*267 + 678 11,528 T O T A L A S S E T S 23,363,398 + 68,379 +3,881,497 L I A B I L I T I E S F. R. notes in actual circulation 5,931,464 + 25,298 +1,084,996 Deposit?: Member bail; — reserve account 13,870,693 + 29,181 +1,719,984 U.S.Treasurer - General account 622,471 - 69,561 19,667 Foreign 1,163,849 - 20,075 + 771,323 Other deposits 673,254 +72,943 + ,332,577 Total deposits 16,330,267 + 12,488 +2,804,217 Deferred availability items 727,878 + 30,101 28,087 Other liabilities including accrued dividends .2*122 + 475 + 265 .. TOTAL LIABILITIES 22,992,741 + 68,362 +3,861,391 c a p i t a l a c c o u n t s Capital paid in 139,514 + 13 + 3,421 Surplus (Section 7) 157,065 -- + 5,345 Surplus (Section 13b) 26,785 ----- - 54 Other capital accounts _ 47,292 + 4 + „11*394 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,363*398 -+ 68,379 +3,881,497 Rgtio of total reserves to deposit and F. R. note liabilities combined 91*056 - .256 + 3.556 Commitments to make industrial advances 5,127 20 — 3,234 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 OH FEBRUARY 12, 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 U. S. Treasury 19,902,781 1,215,555 9,523,839 1,061,990 1,412,501 586,051 410,885 2,943,633 503,774 324,374 430,532 301,205 1,188,442 Redemption fund - F.R. notes 9,598 996 1,064 717 872 .1,806 365 867 583 280 332 464 1,252 Other cash 345,211 29,045 85,600 27,376 24,560 17,685 24,Il7 45,399 18,891 7,396 17,290 13,911 33,941 Total reserves 20,257,590 1,245,596 9,610,503 1,090,083 1,437,933 605,542 435,367 2,989,899 523,248 332,050 448,154 315,580 1,223,635 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 1,862 9 1,173 487 18 2 31 99 43 Other bills discounted 682 75 44 57 7 23 . r r 78 386 12 — — Total bills discounted 2,544 9 1,248 531 57 18 9 54 — — 177 429 12 — — Industrial advances 7,877 917 1,754 2,358 243 769 334 355 2 262 72 277 534 U. S. Government securities direct and guaranteed: Bonds 1,284,600 93,212 372,013 102,835 126,632 70,566 53,587 144,046 60,66l 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 j 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 2,194,521 159,407 635,505 177,731 215,603 120,763 91,452 24-5,319 103,140 67,291 110,196 87,124 180,990 Due from foreign banks 47 3 18 5 4 2 2 6 1 * 1 1 4 F. R. notes of other banks 26,310 461 3,850 714 2,208 4,659 3,350 2,226 2,891 518 1,850 733 2,850 Uncollected items 793,567 96,687 157,877 52,010 83,012 87,391 45,975 99,204 53,361 16,475 37,220 28,930 35,425 Bank premises 39,996 2,829 9,684 4,537 4,574 2,584 1,987 3,035 2,315 1,365 3,027 1,219 2,840 Other assets 51,367 3,514 14,4-29 4,434 5,478 3,127 2,059 5,414 2,263 1,598 2,458 2,035 4,558 T O T A L A S S E T S 23,363*398 1,508,497 10,431,866 1,329,514 1,748,812 824,068 580,192 3,345,103 687,219 419,297 602,906 435,622 1,450,302 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forra ?. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS Oil FEBRUARY 12, 1941 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta F. R. notes in actual cir­ culation 5,931 >464 475,876 1,561,659 413,453 548,166 283,419 197,248 483,859 Deposits» Member bank-reserve acct. 13,870,693 801,329 7,221,475 694,915 945,423 375,657 257,906 779,305 U.S.Treasurer-General acct. 622,471 47,783 220,313 34,035 55,580 13,384 26,260 32,915 Foreign 1,163,849 55,484 658,360 76,174 72,248 33,768 27,486 59,709 Other deposits 673,254 28,625 501,634 25,386 11,141 7,777 17,357 5,458 17,465 5,235 15,225 1,684 36,267 Total deposits 16,330,267 933,221 8,601,782 830,510 1,084,392 430,586 329,009 908,196 Deferred availability items 727,878 73,466 139,667 50,811 81,650 93,883 40,254 96,951 44,053 14,248 33,576 28,818 30,501 Other liabilities including accrued dividends 3,132 343 699 279 340 317 144 368 139 116 116 122 149 TOTAL LIABILITIES 22,992,7411,4(82,906 10,303,807 1,295,053 1,714,548 808,205 566,655 3,297,743 675,575 409,648 591,671 424,225 1,422,705 C A P I T A L A C C U N T S Capital paid in 9,344 51,481 11,895 14,365 5,397 4,781 14,631 4,242 2,973 4,501 4,252 11,652 Surplus (Section 7) 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 47,293 2,467 13,061 3,029 4,569 1,975 2,318 8,476 1,944 2,524 1,983 1,908 3,039 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23>363*3981^08,497 10,431,866 1,329,514 1,748,812 824,068 580,192 3,345,103 687,219 419,297 602,906 435,622 1,450,302 Commitments to malee industrial advances 5,127 185 667 2 58 737 530 r> 229 43 35 4 25,431 O MATURITY DISTRIBUTION OF BILLS AHD 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 2,544 1,877 108 173 196 183 7 ---------- ---------- ---------- Industrial ‘advances 7,877 1,365 81 456 107 607 1,549 1,388 2,324 — _ U. S. Government securities, dir eat and guaranteed 2,134,100 ----- --- 74,800 — 115,300 43,000 181,800 633,400 1,135,800 - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F.R. 283-d FEDERAL RESERVE NOTES STATEMENT ON FEBRUARY 12, 194l (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn* Kans.Cy. Dallas San Fran. Federel Reserve notes: Issued to F.R.Bank by F.R. agent 6,218,053 497,073 1,634,259 431,654 567,737 295,794 218,516 1,306,503 234,358 162,563 221,966 107,178 540,452 Held by Federal Reserve Bank 286,589 21,197 72,600 18,201 19,571 12,375 21,268 31,569 11,041 4,360 0,435 9,379 56,593 In actual circulation 5,931,464 475,876 1,561,659 413,453 548,166 283,419 197,248 1,274,934 223,317 158,203 213,531 97,799 483,859 Collateral held by agent as se­ curity for notes issued to banks Gold certificates on hand and due from U. S. Treasury 6,351,500 510,000 1,650,000 440,000 571,000 315,000 225,000 1,320,000 244,000 165,500 225,000 112,000 574,000 Eligible paper 2,384 9 1,220 531 “ - 18 - - - - - - 177 429 - - Total collateral 6,353,884 510,009 1,651,220 440,531 571,000 315,018 225,000 1,320,000 244,000 165,677 225,429 112,000 574,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis