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, April 11; of the Federal Reserve System not earlier, April 10, 19-41 CONDITION OF THE FEDERAL RESERVE BAIIKS During the week ended April 9 member bank reserve balances increased $150,000,000. Additions to member bank reserves arose from a decrease of $232,000.000 in Treasury deposits with Federal Reserve Banks and increases of $29,000.000 in gold stock and $3,000,000 in Treasury currency, offset in part by increases of $49,000,000 in money in circulation, $21,000,000 in Treasury cash and $36,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $9,000,000 in Reserve Bank credit. Excess reserves of member banks on April 9 were estimated to be appropriately $6,030,000,000, an increase of $90,000,000 for the week. Changes in member bank reserve balances and. related items during the week and the year ended April 9, 1941, were as follows: Increase or decrease since 1 April 9 April 2, April 10, ; 1941 1941 1940 , (in millions of dollars) Bills discounted 5 +4 +3 U. S. Government direct obligations 2,179 — - 278 U. S. Government guaranteed obligations 5 — - 5 Industrial advances (not including S million commitments - April 9) 7 - 1 - 3 Other Reserve Bank credit 39 - 12 + 18 Total Reserve Bank credit 2,235 9 - 265 Gold stock 22,413 + 29 +3,890 Treasury currency 3,H3 + 3 + 120 Member bank reserve balances 13,656 150 +1,081 Money in circulation 8,993 49 +1,484 Treasury cash 2,272 21 - 81 Treasury deposits with. F. R. Banks 813 232 + 22.3 Nonmember deposits and other F. R. accounts 2,028 36 +1,039 4 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-a Released for publication Friday morning, April 11, 1941 ° not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMB HIED (In thousands of dollars) Increase or decrease since April 9, April 2, April 10, 1941 1941 1940 A S S E TS Gold certificates on hand and due from U. S. Treasury 20,111,281 + 10,002 +3 ,950,207 Redemption fund - F. R. notes 10,483 — + 1,816 Other cash 315,517 - 0,363 - 69.793 Total reserves 20,437,286 + 1,639 +3,882,230 Bills discounted; Secured by U. S. Gov't obligations, direct and guaranteed 4,587 + 3,975 + 4,221 Other bills discounted 379 — 50 — 1,348 Total bills discounted 4,966 + 3,925 2,873 Industrial advances 77,,339966 424 — 2,479 U. S. Government securities, direct and guaranteed: Bonds 1,363,800 + 26,305 Hotes 820,300 308,925 —— - Total U. S. Government securities, direct and guaranteed 2,184,100 — — 282,620 Total bills and securities 2,196,462 + 3,501 282,226 Due from foreign banks 47 F. R. notes of other banks 20,594 — 1,362 1,552 Uncollected items 744,711 60,990 + 152,491 Bank premises 39,963 + '135 T- 1,649 Other assets 48,326 + i,o4i — 11,246 T O T AL A S S E TS 23,487,389 64,036 +3,738,048 L I A B I L I T I ES F. R. notes in actual circulation 66,,119966,,992233 + 37,696 +1,273,498 Deposits t Llenber bank - reserve account 13,655,535 +3. 49,711 +1,080,808 U. S. Treasurer — General account 812,666 -.32.205 + 222,206 Foreign 1,265,753 +117,350 + 892,951 Other deposits 474,776 80,682 4* 114,457 - Total deposits 16,208,730 - 45,826 +2,310,422 Deferred availability items 770055,,777755 57,012 + 113344,,996655 Other liabilities including accrued dividends 4,752 + . . 977 + 327 TOTAL LIABILITIES 2.3,116,180 64,165 4-3,719,222 C A P I T AL A C C O U N TS Capital paid in 139,875 + 66 + 3,748 Surplus (Section 7) 157,065 + 5,345 Surplus (Section 13b) 26,785 ' - 54 Other capital accounts 47,484 4" . 62 + 9,787 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,487,389 64,036 +3,738,048 Ratio of total reserves to deposit and F. R. note liabilities combined 91.25? —— + 3.2% Commitments to moke industrial advances 8,446 1,186 - 344- Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Porn F. ?.„ 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE B/UKS ON APRIL 9, 194l , „ „ „ „ (In thousands of dollars) A S S ET S Total Boston Nevr York Pnila. Cleve. Rich. Atlanta Chicago St.Louis lairm, Kans.Cy. Dallas San Fran. Gold certificates on hand and ^due fron U.S.Treasury 20,111,281 1,219,653 9,563,990 1,178,627 1,418,883 628,304 4-37,687 2,886,013 457,150 320,046 451,217 307,682 1,242,029 redemption fund - F.R.notes 10,488 737 1,064 1,323 532 1,339 1,112 1,473 491 205 236 898 1,078 Other cash 115.517 24.258 85.995 or- loo i< / 0/ 00.011 Ai nn/ 1 / w/ < qvA u ^ nm Total reserves 1.P/X/-.AR 9,650,349 1,206,588 1,439,837 645,067 459,010 2,930,490 472,615 326,127 467,005 323,346 1,272,204 Bills discounted! Secured by U.S. Gov't obligations, direct and guaranteed 4,587 85 4,225 18 — 35 47 26 —— 119 32 — Other bills discounted 379 117 12 46 — 10 36 135 23 Total bills discounted /. q,<a 85 4,342 30 46 35 57 62 119 167 23 Industrial advances 7 095 905 1,738 2,264 217 754 246 346 350 72 276 228 U. S. Government securities, direct and guaranteed: ?°^ds 1,363,800 98,544 389,312 108,110 136,462 75,859 59,247 156,506 63,283 41,178 66,277 54,979 114,043 Notes 820,300 59,273 234,163 65,027 82,079 45,627 35,637 94,136 38,062 24,769 39,863 33,068 68,596 Total U. S. Gov't securities. direct and guaranteed P.1 HA.inn 157,817 623,475 173,137 218,541 121,486 94,884 250,642 101,345 65,947 106,140 88,047 182,639 Total bills and securities ,196,462 158,807 629,555 175,431 218,804 122,275 95,187 251,050 101,345 66,4l6 106,379 88,346 182,867 2 Due fron foreign banlcs 47 3 18 5 4 2 2 6 r * 1 14 s i r " II if '111 il if i I I1 if i il # T O T AL A S S E TS 23,4-87,389 1,482,161 10,480,287 1,442,413 1,753,045 843,847 592,137 3,299,928 621,940 413,403 615,105 442,192 1,500,851 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forn F. R. 283—0 STATEMENT OF C01IDITI0K OF THE FEDERAL RESERVE BANKS ON APRIL 9, 1941 (in thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Oleve. RicH. Atlanta Girlcago St,Louis Minn, Kang.Cy. Dallas San Fran. F. R. notes in actual circulation 6,196,923 504,702 1,633,285 431,483 573,220 296,4-94 206.641 1,326,544 233,415 164,015 .214,434 100,290 512,400 Deposits: Uenber bank-reserve acct. 13,655,535 773,659 7,099,980 778,973 936,076 396,288 277,074 1,610,009 277,562 165,900 296,664 241,812 801,533 U.S.Treasurer-General acct. 812,666 42,935 366,302 46,509 46,224 26,622 30,681 99,266 22,552 34.633 28,735 35,338 32,869 f~o ' r1e,2ig6n5 ,753 58,959 745,153 78,140 74,112 34,639 28,195 96,668 24,167 17,722 23,361 23,361 61,276 Other deposits 474,776 6,151 352,831 21,593 9,6o4 7,923 5,976 12,884 9,334 6,283 8,329 3,916 29,952 Total deposits 16,208,730 881,704 8,564,266 925,220 1,066,016 465,472 341,926 1,818,827 333,615 224,538 357,089 304,427 925,630 Deferred availability items 705,775 69,701 153,303 50,402 79,06l 65,605 29,875 106,647 43,056 15,104 32,205 25,906 34,910 Other liabilities including accrued dividends 4,752 452 l,l6l 826 479 366 125 505 149 153 133 159 244 TOTAL LIABILITIES 23,116,180 1,456,559 10,352,015 1,407,931 1,718,776 827,937 578,567 3,252,523 610,235 403,810 603,861 430,782 1,473,184 C A P I T AL A C C O U N TS Capital paid in 139,875 9,350 51,573 11,891 14,387 5,428 4,796 14,695 4,266 3,005 4,506 4,263 11,715 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 47,484 2,472 135182 3,054 4,552 1,991 2,336 8,457 1.981 2,516 1,987 1,910 3,046 TOTAL LIABILITIES Aim CAPITAL ACCOUNTS 23,487,389 1,482,161 10,480,287 1,442,4-13 1,753,045 843,84-7 592,137 3,299,928 621,940 413,483 615,105 442,192 1,500,851 Gonnitnents to make industrial advances 8,446 176 1,500 353 1,662 803 176 43 35 21 3,671 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 6l to 91 days to 6 nonths 1 Year 2 Years to Over Total 15 days 30 days 60 days 90 days 6 nonths to 1 Year to 2 Years 5 Tears 5 Years Bills discounted 4?966 4,700 58 71 61 72 4 Industrial advances 7,396 860 200 117 139 1,018 1,143 1,806 2,113 — U. S. Government securities, direct and guaranteed 2,184,100 57,000 127.300 136,300 633,400 1,229,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis _S J_

Form F. R. 283-d FEDERAL RESERVE NOTE STATEMENT ON APRIL 9, 1941 (In thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: IIssssuueedd ttoo FF..RR.. BBaannkk bb y F.R./^ent 6,486,643 523,517 1,711.480 447,868 592,516 311,225 225,381 1,357,603 247,785 168,186 223,086 110,859 567,137 Held by Federal Reserve Bank 289 89,720 18,815 78,195 16,385 19,296 14,731 10,740 31,059 14,370 4,171 8,652 10,569 54,737 In actual circulation 6,196,923 504,702 1.633,285 431,483 573,220 296,494 206,641 1,326,244 233,415 164,015 214,434 100,290 512,400 Collateral held by agent as security for notes issued to bank: % me 6,581,000 530,000 1.730.000 493,000 593,000 325,000 230,000 1,3%,000 249,000 169,000 225,000 116,(00 584,000 Eligible paper' 4,775 85 ' 4,342 30 - 35 - - - U9 164 - - Total collateral 6,585,775 530,035 1,734,342 450,030 593,000 325,035 230,000 1,380,000 249,000 169,119 225,164 116,000 584,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis