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 IS; of the Federal Reserve System not earlier. April 17, 1941 CONDITION OF THE FEDERAL RESERVE BAWKS During the week ended April 16 member bank reserve balances increased $323,000,000. Additions to mer.ber bank reserves arose from decreases of 8279,000,000 in Treasury deposits with Federal Reserve Banks, $4,COO,000 in money in circulation, and $3,000,000 in Treasury cash, and increases of $51,000,000 in Reserve Bank credit, $8,000,000 in gold stock, and $3,000,000 in Treasury currency, offset in part by an increase of $24,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on April Id were estimated to be approximately $6,260,000,000, an increase of $230,000.000 for the ■week. Changes in member bank reserve balances and related items during the week and the year ended April 16, 194-1, were as follows l Increase, or decrease since April 16, April 9, April 17, 194-1 1941 1940 (In millions of dollars) Bills discounted 1 ~ 4 1 U. S. Government direct obligations 2,179 — - 278 U. S. Government guaranteed obligations 5 —— 5 Industrial advances (not including 9 million commitments - April 16) 7 — 3 Other Reserve Bank credit 93 + 54 + 58 Total Reserve Bank credit 2,286 + 51 - 228 Gold stock 22,421 + 0 +3,790 Treasury currency 3,116 + 3 + 124 Member bank reserve balances 13,979 +323 +1,222 Money in circulation 8,989 - 4 +1,453 Treasury cash 2,269 - 3 - 44 Treasury deposits with F. R. Banks 534 -.279 + 21 "NonmembeE deposits and other F. R. accounts 2,052 + 24 +1,033 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. Released for publication Friday morning, April 18,1941; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since April 16, April 9, April 17, 1941 1941 1940 A S S E T S Gold certificates on hand and due from U. S. Treasury 30,124,731 + 13,450 +3.835,755 Redemption fond — F. R. notes 10,507 + 19 + 1,232 Other cash 325,987 + 10,470 — 61,940 Total reserves 20,461,225 + 23,939 +3,775,047 Bills discounted: Secured by U. S.Gov’t obligations, direct and guaranteed 736 ~ 3 »351 + 104 Other bills discounted 482 + 103 - ..1*242 .. Total bills discounted 1,218 - 3»743 - 1,245 Industriiiil advances 7,470 + 74 — 2,382 U. S, Government securities, direct and guaranteed* Bonds 1,363,800 26,305 Notes 820,300 J08t925 Total U. S. Government securities, direct and guaranteed 2,184,100 ---- - 282,620 Total bills and securities 2,192,788 - 3,674 to* 286,247 Due from foreign banks 47 — F. R. notes of other banks 23,898 + 3,304 + 4,437 Uncollected items 1,104,388 +359,677 + 340,719 Bank premises 39,966 + 3 1,659 Other assets 46,775 - 1,551 — _ 11*107 T O T A L A S S E T S 23,869,087 +38I,o93 +3,820,990 L I A B I L I T I E S F, R. notes in actual circulation 6,206,272 + 9,349 +1,275,157 Deposits* Member bank — reserve account 13,979,130 +323,595 +1,221,739 U, S. Treasurer — General account 533,715 —273,951 + 21,194 Foreign 1,243,299 - 22,454 + 859,070 Other deposits 520,127 + .45^51 + 142,558 Total deposits 16,276,271 + 67,541 +2,244,561 Deferred availability items 1,011,076 +305,301 + 282,219 Other liabilities including cccrued dividends 4.116 "___636 + 214 TOTAL LIABILITIES 23,497,735 +381,555 +3,802,151 C A P I T A L A C C O U N T S Capital paid in 140,010 + 135 + 3,878 R'X'; Ic.s (Section 7) 157,065 — + 5,345 Su: ; .:,u3 (Section 13b) 26,785 - 54 Oti-.'j: capital accounts 47,492 -f 3 + 9,670 TCr.u LIABILITIES AND CAPITAL ACCOUNTS 23,869,087 +381,69C +3,820,990 r.ctio of total reserves to deposit and F. R. note liabilities combined 91.0# — net + 3.0# Commitments to make industrial advances 8,508 + 62 — 297 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F.R. 283p“b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS Oil APRIL 16, 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 20,124,731 1,200,268 9,480,450 1,152,061 1,465,400 632,097 435,64-1 2,970,253 465,036 310,101 449,£70 302,908 1,252,641 Redemption find - F.R.notes 10^507 672 780 1,226 1,000 1,559 1,067 1,302 473 195 215 807 1,051 Other cash 325,987 24,332 79,709 26,584 23,373 18,424 25,073 41,390 16,808 6,738 16,793 14,846 31,909 Total reserves 30,461,225 1,225,272 9,560,939 1,179,871 1,489,773 652,080 461,781 3?021,03S 402,317 317,034 466,878 31-',¿4-1 1,285,601 Bills discounted! Secured by U. S. Gov’t obligations, direct and guaranteed 736 30 265 23 — 210 47 5 — 124 32 — — Other bills discounted 482 — 139 30 44 — 10 48 — — 142 69 — Total bills discounted 1,218 30 404 53 44 210 57 53 — 124 174 69 — Industrial advances 7,470 805 1,738 2,314 264 848 241 337 — 348 71 276 228 U. S. Government securities, direct and guaranteed: Bonds 1,363,800 9988,,554444 338899,,331122 110088,,1133..00 113366,,446622 7755,,885599 5599,,224477 156,5CS 63,283 41,178 66,277 54,979 114,043 Notes 820,300 5599,,227733 223344,,116633 6655,,002277 8822,,007799 4455,,662277 3355,,663377 94,136 3S,062 24,769 39,863 33,068 68,596 Total U. S. Gov*t securities, direct and guaranteed 2,184,3.00 115577,,881177 662233,,44-7755 117733,,113377 221188,,554411 112211,,448866 9944,,888844 250,642 101,345 65,947 106,140 C8,047 182,639 Total bills and securities 2,192,788 158,652 625,617 175,504 218,849 122,544 95,182 101,345 66,419 106,385 80,392 182,867 Due from foreign banks 3 18 475 4 2 2 1 * T 1 4 J- F. R. notes of other banks 505 2,238 1^,34,88598 1,758 4,042 3,040 2,545 881 1,486 598 2,076 Uncollected items 1,104,388 989,85,75676 29219,17,17717 767,65,05909 12172,73,630601 0160,64,84484 404,09,69262 153,; 54,917 22,103 38,444 36,775 57,514 Bank premises * 39,966 22,,881199 99,,669999 44,,661188 44,,555500 22,,558866 11,,998811 3,023 2,309 1,360 2,995 1,204 2,822 Other assets 3,228 12,717 44-6',,070725 5,087 2,871 1,977 2,015 1,432 2,160 1,977 4,259 T O T A L A S S E T S 23,869,087 1,489,055 10,502,945 1,441,994 1,847,381 890,609 604,925 3,436,420 645,449 409,2.29 618,349 44-7,580 1,535,143 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F. R. 283-*c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OK APRIL 16, 1941 (In thousands of dollars) L I A 3 I L I T I 5 S Total Boston New York Phila* Cleve. Rich, Atlanta Chicago Si Louis Minn, Kaae.Cy. Dallas San Fran, F. R. notes in actual cir­ culation 6,206,272 505,762 1,640,338 430,669 571,635 298,329 205,230 1,330,497 234,850 163,695 215,025 99,589 510,653 Deposits» Member bank-reserve acct. 13^979,130 779,206 7,172,852 771,904 983,228 410,834 283,709 1,738,798 288,347 164,575 294,922 250,591 835,164 U.S.Treasurer-General acct. 533,715 16,909 211,194 32,646 39,567 15,975 26,924 66,¿44 22,577 27,217 27,24(9 24,494 22,519 Foreign 1,243,299 58,778 728,890 77,126 73,151 34,190 27,829 95,4-14- 23,854 17,493 23,058 23,058 60,458 Other deposits 520,127 3,048 367,965 24,910 26,697 9,499 5,729 17,154 10,577 7,223 3,744 3,866 29,715 Total deposits 16.276.271 862,941 8,4+80,901 906,586 1,122,643 470,498 349,191 1,917,010 345,355 216,508 353?973 302,009 947,856 Deferred availability items 1,011,076 94,217 252,273 69,921 118,327 105,510 36,827 140,136 53«412 19,217 38,002 34,429 48,755 Other liabilities including accrued dividends 4,116 525 1,119 336 421 352 106 483 128 137 139 150 215 TOTAL LIABILITIES 23,497,735 1,463,445 10,374,631 1,407,512 1,813,026 874,689 591,354 3,380,981 633,745 399,557 607,139 436,177 1,507,479 C A P I T A L A C C O U N T S Capital paid in 14-0,010 9,350 51,591 11,891 14,477 5,4-28 4,796 14,724 4,267 3,005 4,506 4,264 11,711 S’jrplus (Section 7) 157,065 10,906 56,447 15,144 14,323 5,247 5,725 22,024 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 47,492 2,480 13,206 3,054 4,548 2,001 2,337 3,462 1,979 2,515 1,953 1,910 3,047 TOTAL LIABILITIES AiJD CAPITAL ACCOUNTS 23,869,087 1,489,055 10,502,945 1,441,994 1,847,381 890,609 604,925 3,436,420 645,449 409,229 613,349 447,588 1,535,143 Commitments to make industrial advances 8,508 175 1,4-26 323 1,655 890 — 6 275 4-3 35 21 3,659 MATURITY DISTRIBUTION OF BILLS AND SEC.LRITIES ïïithin 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 days 6 months to 1 Year to 2 Years 5 Years 5 Years ^ / Dills discounted 1,218 832 79 67 151 65 *>Y --- — --- Industrial advances 7-470 961 173 131 149 976 1,108 1,835 2,137 — U. S. Government securities, direct and guaranteed 2,134,100 — — — 57,000 127,300 136,300 686,400 1,176,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

¿form F. R« 283-d FEDERAL RESERVE NOTE STATELiEKT OH APRIL 16. 1941 (ln thousands of dollars) Total Boston Hew York Phila. Cleve. Rieh. Atlanta Chicago St.Louis llinn. Kans.Cy. Dallas San Fran. federal Reserve notess Issued to F.R. Bank by F.R.Agent 6,513,752 528,258 1,723,684 4-50,846 593,286 313,799 224,419 1,357,709 248,584 168,741 223,2.47 .110,034 571,145 Held by Federal Reserve Bank 307,480 22,496 83,346 20,177 21,651 15,470 19,189 27,212 13,734 5,046 8',222 10,445 60,492. In actual circulation 6,206,272 505,762 1,640,338 430,669 571,635 298,329 205,230 1,330,497 234,850 163,695 215,025 99,589 510,653 Collateral held by agent as se­ curity for notes issued to bank: Qold certificates on hand and due. from U. S. Treasury 6,636,000 550,000 1,740,000 460,000 596,000 325,000 230,000 1,330,000 259,000 171,000 025,000 116,000 584,000 Eligible paper 991 30 404 53 210 124- J-70 Total collateral 6,636,991 550,030 1,740,404 460,053 596,000 325,210 230,00c 1,380,000 259,000 171,124 225,170 116,000 584,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis