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, Mar. 7; of the Federal Reserve System not earlier, March 6, 1941. CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 5 member bank reserve balances decreased $39,000^000. Reductions in member bank reserves arose from increases of $80,000,000 in money in circulation, $23,000,000 in Treasury deposits with Federal Reserve Banks,- and $19,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $58,000,000 in gold stock, $14,000,000 in Reserve Bank credit, and $2,000,000 in Treasury currency, and a reduction of $12,000,000 in Treasury cash. Excess reserves of member banks on I.iarch 5 were estimated to be approximately $6,44-0,000,000, a decrease of $100,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended March 5, 1.94-1, were as follows« Increase or decrease since Mar. 5, Feb. 26, Mar. 6, ._l?4L_ 1940 (in millions of del.lars) Bills discounted 2 - 1 1 U. S. Gov’t securities,direct and guaranteed 2,184 ~ 293 Industrial advances (not including 6 million commitments - March 5) 8 — 2 Other Reserve Bank credit A3 + 15 + 18 Total Reserve Bank credit 2,237 + 14- - 278 Gold stock 22,237 + 58 +4,017 Treasury currency 3,103 •f 2 + 119 Member bank reserve balances 1-4,136 - 39 +1,769 Honey in circulation 8,805 + 80 +1,324 Treasury cash 2,192 - 12 — 166 Treasury deposits with F. R. Banks 391 + 23 - 145 Nonmember deposits and other F. R* accounts 2,052 + 19 +1,075 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F. R. 283—a Released for publication Friday morning;, March 7, 1941; not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Mar. 5, Feb. 26, Mar, 6, 1941 1941 1940 A S S E T S Gold certificates on hand and due from U. S. Treasury 20,030,246 + 68,965 +4,161,625 Redemption fund — F.R. notes 10,244 + 1,000 + 672 Other cash 319,789 - 17,992 -...16*297 Total reserves 20,360,279 + 51,973 +4,125,900 Bills discountedj Secured by U. S. Gov’t obligations, direct and guaranteed 1,653 439 + 1,183 Other bills discounted 591 = _ 3ii 1,916 Total bills discounted 2,244 473 733 Industrial advances 7,715 125 2,689 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 2,194,059 598 - 296,592 Due from foreign banks 47 — - F. R. notes of other banks 21,563 + 891 + 1,628 Uncollected items 888,648 + 29', 300 + 269,468 Bank premises 39,896 56 1,807 Other assets ......54*238 - 11,457 + .1*020 T O T A L A S S E T S 23,558,730 + 82,548 +4,087,140 L I A B I L I T I E S F. R. notes in actual circulation 6,039,650 + 62,875 +1,150,363 Deposits* Member bank - reserve account 14,136,067 - 38,657 +1,768,981 Uv- S* Treasurer - General account 390,686 + 22,799 - 145,302 Foreign 1,121,057 - 10.986 + 767,524 Other deposits 651,245 + 31 ',859 + 274,213 Total deposits 16,299,055 + 5,015 +2,665,416 Deferred availability items 845,896 + 14,859 + 251,358 Other liabilities including accrued dividends __JLaJ60 201 + 262 TOTAL LIABILITIES 23,187,961 + 82,548 +4,067,399 C A P I T A L A C C O U N T S Capital paid in 139,629 + 43 + 3,555 Surplus (Section 7) 157,065 — + 5,345 Surplus (Section 13b) 26,785 — 54 Other capital accounts 47,290 r 42 + 10,895 TOTAL LIABILITIES JIJD CAPITAL ACCOUNTS 23,558,730 + 82,548 +4,087,140 Ratio of total reserves to deposit and F. R. nota liabilities combined 91.1* “ *1% + 3.5% Commitments to moke industrial advances 5,893 + c.27 3,233 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora f. R. 283—b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON Ï.IARCH 5, 194-1 (In thousands of dollars) A S S E T S Total Boston New York Pliila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Oy. Dallas San Fran. Gold certificates on hand and due fron ü. S. Treasury 20,030,246 1,219,688 9,758,211 1,070,931 1,399,179 603,464 415,569 2,867,576 491,114 307,261 429,239 307,407 1,160,607 Redenption fund - F.R.notes 10,244 898 1,757 595 746 1,056 1,286 711 543 253 294 942 1,163 Other cash 319,789 26,670 77,893 26,044 22,076 17,843 23,980 44,753 14,791 6,662 17,230 12,090 29,757 Total reserves 20,360,279 1,247,256 9,837,861 1,097,570 1,422,001 622,363 440,835 2,913*040 506,448 314,176 446,763 320,439 1,191,527 Bills discounted: Secured by U.S. Gov’t obligations, direct and guaranteed 1,653 10 1,211 181 — 18 — 21 25 139 48 — — Other bills discounted 591 — 161 12 50 — 11 14 — 68 275 — — Total bills discounted 2,244 10 1,372 193 50 18 11 35 25 207 323 — — Industrial advances 7,715 914 1,753 2,242 213 768 340 360 2 250 72 277 524 U. S. Governnent securities, direct and guaranteed: Bonds 1 ,284,600 93>212 372,013 102,035 126,632 70,566 53 »587 144,04-6 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- 4-2,477 27,532 45,177 35,762 74*319 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 06,835 180,456 Total Mils and securities 2,194,059 159,405 635,628 177,277 215,566 120,762 91,460 245,305 103,165 67,309 110,090 87,112 180,980 Due ffon foreign banks 47 3 18 5 4 2 2 6 1 * 1 1 4 F. R. notes of other banks 21,563 521 1,586 047 1,723 3,682 3,172 2,456 2,315 1,199 1,531 739 1,792 Uncollected itens 888,648 76,366 281,790 53,806 90,652 61,764 34,164 111,661 43,309 18,111 31,394 36,034 48,717 Bank premises 39,896 2,824 9,667 4,526 4,562 2,578 1,984 3,029 2,311 1,362 3,011 1,211 2,831 Other assets 54,238 3,725 15,087 4,746 5,766 3,245 2,178 5,797 2,387 1,700 2,592 2,220 4,795 T O T A L A S S E T S 23,558,730 1,490,100 10,781,637 1,330,857 1,740,274 814,396 573,795 3,281,294 659,936 403,857 595,302 446,556 1,430,646 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 28>*c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS 015 MARCH 5, 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. ]ïans.Cy. Dallas San Fran. F. R. notes in actual cir­ culation 6,039,650 487,686 1,592,526 419,716 556,503 290,634 201,436 1,295,085 227,157 160,450 211,567 100,510 496,380 Deposits! Member bank-reserve acct,14,136,067 826,590 7,582,686 713,226 966,228 398,486 275,083 1,642,568 280,342 167,869 285,462 247,368 750,154 U.S.Treasurer—General acct. 390,686 12,784 78,142 15,748 12,530 11,612 20,103 76,828 o4P198 26,477 23,275 24,902 24,087 Foreign 1,121,057 56,265 620,207 75,254 71,375 33,360 27,153 93,098 23,274 17,068 22,4+99 22,499 59,005 Other deposits 651,245 6,763 518,593 24,965 10,558 6,173 5,879 16,207 10,009 6,503 8,367 5,249 31,979 Total deposits l6,299*055 902,402 8,799,628 829,193 1,060,691 449,631 328,223 1,828,701 377,823 217,917 339,603 300,018 865,225 Deferred availability itens 845,896 74,032 260,572 55,191 88,465 5.7,933 30,427 109,767 43,156 15,722 32,069 36,493 41,269 Other liabilities including accrued dividends 3,360 387 818 306 354 323 150 375 131 121 108 I30 157 TOTAL LIABILITIES 23,187,961 1,464,507 10,653,544 1,304,406 1,706,013 798,521 560,236 3>233,928 648,267 394,210 584,147 437,151 1,403,031 C A P I T A L AC 00 U I T S Capital paid in 139,629 9,349 51,516 11,887 14,376 5,411 4,787 14,654 4,246 2,975 4,503 4,261 11,664 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 1,4.29 533 1,000 1,138 . 1,263 2,121 Other capital accounts 47,290 2,464 13,060 3,027 4,555 1,973 2,334 8,459 1,965 2,520 1,981 1,907 3,045 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,558,730 1,490,100 10,781,637 1,338,857 1,740,274 804,396 573,795 3,281,294 659,936 403,857 595,382 448,556 1,430,646 Connitaents to nake industrial advances 5,893 179 1,584 258 768 441 — 8 168 45 35 4 2,403 MATURITY DISTRIBUTION OP’ BILLS AITI) SECURITIES Within 16 to 31 to 61 to 91 days to 6 nonths 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 2,244 1,796 37 196 99 26 90 — — Industrial advances 7,715 1,417 337 155 79 974 1,154 1,377 2,222. U. S. Government securities, direct and guaranteed 2,184,100 74,800 — — -- 115,300 43,000 181,800 633,400 1,135 <CN to O C Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Foro F. R. 283-d FEDERAL RESERVE KOTE STATEMENT OK MARCH 5, 1941 (ln thousands of dollars) Total Boston lien York Phila. Cleve. Rieh. Atlanta Chicago St.Louis Minn. Xons.Cy. Dallas San Fran. federal Reserve notest Issued to F.R.Bank by F.F..agent 6,327,123 507,068 1,669,395 438,776 578,993 304,995 220,935 1,326,700 238,653 164,658 219,564 109,949 547,429 Held by Federal Reserve Bank 287,473 19,382 76,809 19,060 22,490 14,361 19,499 31,623 11,496 4,208 7,997 9,439 51,049 In actual circulation 6,039,650 487,686 1,592,526 419,716 556,503 290,634 201,436 1,295,085 227,157 160,450 211,567 100,510 496,380 Collateral held by agent as se­ curity for notes issued to bank: Gold certificates on hand and due from U.S. Treasury 6,4-32,500 510,000 1,680,000 450,000 580,000 325,000 225,000 1,340,000 244,000 165,500 225,000 114,0^0 574,000 Eligible paper 2,085 10 1,308 194 — 18 — 25 207 323 — — Total collateral 6,434,585 510,010 1,681,308 450,194 580,000 325,018 225,000 1,340,000 244,025 165,707 225,323 114,000 574,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis