H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F, R. 283 STATEMENT FDR THE PRESS Released for publication Board of Governors Friday morning, April 25; of the Federal Reserve System not earlier, April 24, 1941 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 23 member bank reserve balances decreased ¿473,000,000. Reductions in member bank reserves arose from increases of $413,000,000 in Treasury deposits v.dth Federal Reserve Banks, $30,000.000 in Treasury cash, $3,000,000 in money in circulation, and $45,000,000 in norinonber deposits and other Federal Reserve accounts,and a decrease of $47,000,000 in Reserve Bonk credit, offset in part by increases of $61,000,000 in fjold stock and $2,000,000 in Treasury currency. Excess reserves of member banks on April 23 v/era estimated to be approximately $5,760,000,000, a decrease of $500,000,000 for the \7COk. Changes in member bank reserve balances and related items during the reek and the year ended April 23, 1941, rrere as follor/si Increase or decrease since April 23, April 16, April 24, 1941 1941 1940 (in millions of doll:irs) Bills discounted 2 + 1 U. S. Government direct obligations 2,179 - - 27 8 U. S. Government guaranteed obligations 5 MM. 5 Industrial advances (not including 8 million coniiitnents - April 23) 7 --- 3 Other Reserve Bank credit 46 - 47 + 24 Total Reserve Bank credit 2,239 - 47 - 262 Gold stock 22,482 + 61 +3,774 Treasury currency 3,118 + 2 + 121 ilcr.ber bank reserve balances 13,506 - 473 + 623 ¡.loney in circulation 8,992 + 3 +1,472 Treasury cash 2,299 + 30 6 Treasury deposits with F. R. Banks 947 + 413 + 477 Uonnenbor deposits and other F. R. accounts 2,097 + 45 +1,068 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Tori'i F. R. 283-a Released for publication Friday siorning, April 25, 1941$ not ear .Her, STATEMENT OF CONDITION OF THE TW5LVE FEDERAL RESERVE BANKS C0M3INED (In thousands of dollars) Increase or decrease since April 23, April 16, April 24, 1941 1941 1940 A S S E T S Gold certificates on hand and due from U* S. Treasury 20,159,729 + 34,998 +3,781,252 Redemption fund - F. R. notes 10,507 — + 1,367 Other cash __334,198 + 8,211 55,427 Total reserves 20,504,434 + 43,209 +3>727,192 Bills discounted! Secured by U. S. Gov’t obligations, direct and guaranteed 1,617 + 881 + 1,174 Other bills discounted 600 + 118 - 1,329 Total bills discounted 2,217 + 999 - 155 Industrial advances 7,491 + 21 — 2,427 U. S, Government securities, direct and guaranteedt Bonds 1,363,800 + 26,305 llotes 820,300 — - 308,925 Total U. S. Government securities, direct and guaranteed 2,184,100 — - 282,620 Total bills and securities 2,193,308 + 1,020 tM* 285,202 Due from foreign banks 47 — F. R. notes of other banks 23,183 715 + 1,070 Uncollected items 849,341 -255,047 + 210,6.20 Bank premises josr- , ¿✓w •' »< + 11 - 1,644 Other assets .. . 47,535 + 760 - 11,610 T O T A L A S S E T S 23,658,325 -210,762 +3*640,426 L I A B I L I T I E S F. R. notes in actual circulation 6,217,967 +11,695 +1,299,464- Deposits! Member bank — reserve account 13,505,723 -473,407 + 622.689 U, S.Treasurer - General account 946,798 +413,083 + 476'824 Foreign 1,.772,379 + 29,080 + 895,977 Other deposits 535,630 + 15,503 + 139,33.5 Total deposits 16,260,530 - 15,741 +2,134,825 Deferred availability itens o03,76c -207,316 + 187,299 Other liabilities including accrued dividends 4,571 + 455 + 5 TOTAL LIABILITIES 23,286,828 -210,907 +3,621,593 c a p i t a l a c c o u h j s Capital paid in 140,057 + 47 + 3,932 Surplus (Section 7) 157,065 --- + 5,345 Surplus (Section 13b) 26,785 --- - 54 Other capital accounts 47,590 + 98 + 9,610 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,658,325 -210*762 +3,640,426 Ratio of total reserves to deposit and F. R, note liabilities combined 91.2# + .2* + 3.155 Commitments to make industrial advances 8.461 in •*» 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 B ALIES Oil APRIL 23? 1941 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis1 Minn. Sans.Cy. Dallas San Fran. Gold certificates on hand and due fron U.S.Treasury 20,159,729 1,205,947 9,454,111 1,187,664 1,439,122 652,270 431,090 3,022,094 461,156 298,473 453,546 310,744 1,243,512 Redemption fund - F.R.notes 10,507 672 730 1,226 1,000 1,559 1,067 1,382 47 3 195 215 887 1,051 Other cash 334,198 25,245 85,673 26,961 23,203 17,721 24,297 41,783 18,133 5,946 15,736 15,151 34,349 Total reserves 20,504,434 1,231,864 9,540,564 1,215,851 1,463,325 671,550 456,454 3,065,259 479,762 304,614 469,497 326,782 1,278,912 Bills discounted* Secured by U. S. Gov’t obligations, direct and guaranteed 1,617 60 960 38 150 85 47 36 35 174 32 10 — Other bills discounted 600 — 155 34 41 —— 10 98 — — 32 1Ó1 69 — Total bills discounted 2,217 60 1 ,115 72 191 85 57 124 35 206 193 79 — Industrial advances 7,491 801 1,738 2,342 262 847 241 339 — 350 71 276 224 U. S, Government securities, direct and guaranteed* Bonds 1,363,800 98,544 389,312 108,110 136,462 75,859 59,247 156,506 63,283 41,178 66,277 5^,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 ü. S. Gov’t securities, direct and guaranteed 2,184,100 157,817 623,475 173,137 2.18,541 121,486 94,oS4 250,642 101,345 65,947 106,140 8C,047 182,639 Total bills and securities 2,193,808 158,678 626,328 175,551 218,994 122,418 95,182 251,105 101,380 66,503 106,4o4 83,402. 182,863 Due from foreign banks 47 3 18 5 4 2 2 6 1 * 1 1 4 F. R. notes of other banks 23,183 720 2,280 1,116 1,389 4,829 2,915 2,298 2,136 667 1,490 693 2,645 Uncollected items 849,341 84,801 203,664 62,089 101,156 68,056 33,289 110,305 45,267 18,970 35,555 39,254 46,935 Bank premises 39,977 2,819 9,726 4,617 4,537 2,586 1,979 3,023 2,309 1,360 2,995 1,204 2,822 Other assets 47,535 •v3,237 13,013 4,032 5,168 2,914 2,010 5,l40 2,034 1,455 2,192 2,009 4,331 T 0 T.A L A S S E T S 23,658,325 1,482,122 10,395,593 1,463,261 1,794,573 872,355 591,831 3,437,136 632,859 393,569 613,134 453,350 1,518,512 *Less than $500* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-c STATEMEIIT OF CONDITION OF THE FEDERAL RS5SRV3 BANKS CN APRIL 23, 1941 (in thousands of dollars) L I A B I L I T I E S Total Boston Her; lork Phila. Cleve. Rich. Atlanta Chicago St.Louis IJinn. Kans.Cy. Da],las San Fran. F. R. notes in actual cir­ culation 6,217,967 507,345 1,639,722 430,861 574,686 ;295,119 204,459 1,342,925 234,763 164,519 214,766 99,502 509,300 Deposits» 13,505,723 762,083 6,787,475 781,445 947,830 •423,103 278,875 1,755,019 279,832 145,653 294,448 2/0,995 808,965 946,790 40,700 489,210 53,490 61,168 28,568 28,500 72,480 29,923 33,385 28,789 39,170 41,415 Foreign 1,272,37? 57,486 754,586 77,919 73,902 34,541 28,115 96,394 24,099 17,672 23,295 23,295 6,1,075 Other deposits 535,630 7,740 413,132 24,231 7,558 7,893 6,376 12,508 8,422 6,484 8,395 3,866 29,025 Total deposits 16,260,530 868,009 8,444,403 937,085 1,090,458 •494,105 341,866 1,936,401 342,276 203,194 354,927 307,326 940,480 > 803,760 80,666 181,842 60,433 94,620 66,826 31,804 109,717 43,979 16,024 37,053 39,931 40,790 Other liabilities including accrued dividends 4,573. 478 1 , 2 -’5 383 457 375 129 567 151 157 144 174 271 ¡?0TAL LIABILITIES 23,286,028 1,456,498 10,267,252 1,428,762 1,760,221 ;856,425 578,258 3,389,600 621,169 383,894 6o6,895 446,933 1,490,841 ii 7i-'7 T1 Ö Capital paid in 140,057 9,352 51,592 11,901 14,478 5,428 4,798 14,731 4,277 3,006 4,508 4,269 11,717 Surplus (Section 7) 157,065 10,906 56,447 15,144 14,323 5,247 5,725 22,o24 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 47,590 2,492 13,232 3,061 4,544 2,011 2,337 O r*. 9 / 1 : T' / tr C -\ 1,985 2,517 1,980 1,911 3,048 TOTAL LIABILITIES AIID COITAL ACCOUNTS 23,658,325 1,482,122 10,395,593 1,463,261 1,794,573 872,355 591,831 3,437,136 632,889 393,56? 618,134 -••55,350 1,518,512 Commitments to maize industrial advances 8,461 174 1,411 300 1,654 889 — 6 275 43 35 21 3,653 MATURITY DISTRIBUTION OF BILLS AND SECURITIES ïïithin 16 to 31 to 61 to 91 days tc- 6 months 1 Year 2 Years to Over Total 15 days 30 days 60 days 90 days 6 uonths to 1 Year to 2 Years 5 Years 5 Years Bills discounted 2,217 1,766 30 82 151 146 42 — Industrial advances 7,491 961 161 139 137 970 1,155 1,834 '-',134 U. S.Government securities, direct and guaranteed 2,184,100 57,000 127,800 136,300 686,400 .,376,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d. FEDERAL RESERVE HOTE STATEMENT 0!î APRIL 23, 1341 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Ghicctgo St.Louis lainn. Xans.Cv. Dallas San Fran. Federal Reserve notest Issued to F.R. Bank by F.R.Agent 6,538,248 526,468 1,724,021 451,183 598,297 314,617 226,809 1,374,772 249,892 169,487 223,430 109,166 570,106 Held by Federal Reserve Bank 320,281 19,123 84,299 20,322 23,611 19,498 22,350 31*847 15,129 4,968 8,664 9,664 60,806 In actual circulation 6,217,967 507,345 1,639,722 430,861 574,686 295,119 204,459 1,342,925 234,763 164,519 214,766 99,502 509,300 Collateral held by agent as sercurity for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 6,659,000 550,000 1,740,000 460,000 599,000 325,000 230,0i 0 1,400,0'.;0 259,000 171,000 225,000 116,000 584,000 Eligible paper 1,742 60 1,095 72 — 85 — — 35 206 189 — — Total collateral 6,660,742 550,060 1,741,095 460,072 599,000 325,085 230,000 1,400,000 259,035 171,206 225,189 116,000 584,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis