H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. ?.. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Ivlay 2; of the Federal Reserve System not earlier. ¿'ay 1, 19-41 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 30 menber bank reserve balances increased 118,000,0C0, Additions to member bank reserves arose from increases of $239000,000 in gold stock and $4,000,000 in Treasury currency, and decreases of $82,000,000 in Treasury deposits with Federal Reserve Banks and $16,000,000 in Treasury cash, offset in part by a decrease of $5,000,000 in Reserve Bank credit and increases of $79,000,000 in money in circulation and $21,000,000 in nonnenber deposits and other Federal Reserve accounts. Excess reserves of member bonks on April 30 v;ere estimated to be approximately $5,770,000,000, an increase of $10,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year unded April 30, 1941; were as follows» Increase or decrease since April 30, April 23, Hay 1, 1941 1941 1940 (in millions of dollars) Bills discounted 2 — - 1 U. S. Government direct obligations 2,179 — - 278 U, S. Government guaranteed obligations 5 - 5 — Industrial advances (not including 8 million commitments - April 30) 8 + 1 1 ■M Other Reserve Bank credit ¿0 - 6 H« 19 Total Reserve Bonk credit 2,234 - 5 ■ , 266 Gold stock 22,505 + 23 +3,734 Treasury currency 3,122 + 4 + 122 Member bank reserve balances 13,524 + 18 + 654 Money in circulation 9,071 + 79 +1,501 Treasury cash 2,283 - 16 - 10 Treasury deposics with F. R. Banks 865 - 82 + 375 Nonmember deposits and other F. R. accounts 2,118 + 21 +1,069 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Porto ?. P. 283-a Released for publication Friday morning, May 2, 1941; not earlier, STATELIEST OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since April 30, April 23, Kay 1, 1941 1941 1940 A S S E T S Gold certificates on hand and duo iron U, S.Treasury 20,192,732 + 33,003 +3,749,754 Redemption fund - F. R. notes 11,139 + 632 + 1,499 Other cash 329*444 - 4,754 - 50,518 Total reserves 20,533,315 + 2£,8L1 +3,700,735 Bills discounted* Secured by U. S. Gov*t obligations, direct and guaranteed 1,286 331 + 665 Other bills discounted §22 + ... 32 - _ ___________ 'Total bills discounted 1,918 299 - 750 Industrial advances 7,549 + 58 1,784 U, S. Government securities, direct and guaranteed* Bonds 1,363,800 + 26,305 Notes 820,300 - - 308,925. Total U. S. Qovernnent securities., direct and guaranteed 2,184,100 ---- - 282,620 Total bills and securities 2,193,567 241 - 285,154 Due froLi foreign banks 47 __ — F. ?.. notes of other banks 22,339 “ 844 + 588 Uncollected items 847,561 - 1,780 + 159,232 Bank pranises 39,910 67 - 1,623 Other assets 49,228 + 1*692 - 10,296 T O T A L A S S E T S 23,685,967 + 27,642 +3,563,482 L I A B I L I T I E S F. P.. notes in actual circulation 6,282,368 + 64,401 +1,336,368 Deposits: Menber b,\nk - reserve account 13,523,857 + 18,134 + 653,941 U. S. Treasurer - General account 865,436 - 81,362 + 375,330 Foreign 1,251,130 - ::i,249 + 893,918 Other deposits 579,092 +.41*462 + 143,180 Total deposits 16,219,515 - 41,015 +2,066,369 Deferred availability items 807,230 + 3,470 + 140,189 Other liabilities including accrued dividends 5,156 + 585 + 1,092 TOTAL LIABILITIES 23,314,269 + 27,441 +3*544,518 c a p i t a l a c c o u n t s Capital paid in 140,240 + 183 + 4,127 Surplus (Section 7) 157,065 — + 5,345 Surplus (Section 13b) 26,785 — - 54 Other capital accounts 47,608 + 18 + 9,546 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,685,967 + .27,642 +3,563,482 Ratio of total reserves to deposit and ?. h. note liabilities combined 91.3$ + ,155 + 3.2$ Corraitnents to nake industrial advances 8,464 + 3 Mf 761 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 28>-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS Oil APRIL 30, 19/1 (in thousands of dollars) A S S E T S Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn* Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S.Treasury 20,192,732 1,21/,645 9,397,561 1,188,307 l,/39,099 651,881 418,09/ 3,10/,18/ /66,810 323,798 467,631 301,685 1,219,037 Redemption fund - F.R.notes 11,139 608 1,530 1,132 923 1,886 1,025 1,296 /53 185 201 877 1,023 Other cash ?29,44/ 24,081 77,500 26,738 23,026 22,355 26,2/2 39,/97 17,665 6,579 17,791 14,521 33,//9 Total reserves 20,533,315 1,239,33/ 9,/76,591 1,216,177 1,463,048 676,122 4/5,361 3,14/,977 484,928 330,562. 485,62.3 317,083 1,253,509 Bills discounted: Secured by U. S. Gov*t obligations, direct and guiiranteed 1,286 175 4o0 62 150 85 47 21 35 189 32 10 Other bills discounted 632 — 137 52 39 — 10 87 — 108 161 38 Total bills discounted 1,918 175 617 114 189 85 57 H 0 CO 35 297 193 48 — Industrial advances 7,549 801 1,729 2,385 271 847 250 3/4 — 351 71 276 224 U. S. Government securities> direct and guaranteed1 Bonds 1,363,800 98,54/ 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 Ü. S. Gov't securities, direct and fcuaranteed 2,184,100 157,817 623,475 173,137 218,541 121,486 94,884 250,6/2 101,345 65,947 106,1/0 80,047 182,639 iotal bills and securities 2,193,567 158,793 625,821 175,636 219,001 122,418 95,191 251,09/ 101,380 66,595 106,404 88,371 182,863 Due from foreign banks 47 3 18 5 4 2 2 O s 1 * 1 1 4 F. R. notes of other banks 22,339 631 2,153 1,100 1,558 5,647 2,827 2,478 1,536 208 1,134 717 2,350 Uncollected items 847,561 80,716 204,836 58,608 101,195 69,050 35,337 131,281 43,616 16,519 36,017 26,336 44,050 Bank premises 39,910 2,815 9,707 4,607 4,537 2,580 1,977 3,018 2,305 1,357 2,995 1,196 2,816 Other assets 49,228 3,315 13,172 4,910 5,258 2,948 2,039 5,248 2,083 1,504 2,274 2,082 4,395 T O T A L A S S E T S 23,685,967 1,485,607 10,332,298 1,461,043 1,794,601 878,767 582,734 3,538,102 635,849 416,745 634,448 435,786 1,>489,987 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forni F»l. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 30, 19/1 (in thousands of dollars) A B I L I T I Total 3oston New York Phila. deve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual cir­ culation 6,2823,368 512,330 1,655,902 434,168 101,546 514,681 Deposits: Uenber bank-reserve acct, 13,523,857 775,371 6,713,452 787,493 240,539 796,335 U.S.lreasurer-General acct. 865,-436 23,704 439,934 43,851 30,318 23,177 Foreigp. I,251jl30 56,469 749,188 75,403 71,516 33,426 27,207 22,543 59,131 Other deposits 579,092 7,7S2 460,152 24,948 8,008 7,848 6,218 3,533 29,754 Total teposits 16,219,515 868,326 8,362,726 296,933 908,397 Deferred availability items 807,230 78,822 184,129 59,502 25,719 38,989 Other liabilities including accrued dividends 5,156 509 1,207 1,184 419 357 122 509 142 150 152 162 243 TOTAL LIABILITIES 23,314,269 1,4-59,987 10,203,964 1,426,549 1,760,231 862,871 569,155 3,490,465 624,119 407,060 62.3,198 424,360 1,462,310 c a p i t a l a c c o u n t s Capital paid in l40,2.40 9,351 51,594 11,901 14,478 5,428 4,798 14,908 4,281 3,006 4,508 4,270 11,717 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 47.608 2,489 13,223 3,056 4,562 1,977 2,343 8,476 1,991 2,527 1,991 1,919 3,054 TOTAL UTILITIES AND CAPITAL ACCOUNTS 23,685*967 1,485,607 10,332,298 1,461,043 1,794,601 878,767 582,734 3,538,102 635,849 416,745 634,448 435,786 1,489,987 Commitments to make industrial advances 8,464 174 1,411 285 1,656 889 — 6 308 43 30 21 3,641 MATURITY DISTRIBUTION OF BILLS JKD SECUr.ITIES Within 16 to 31 to 61 to 91 days to 6 months 1 Year2 Years to Over Total 15 days 30 days 60 days 90 days 6 months to 1 Year to 2 Years5 Years 5 Years Bills discounted 1,918 1,425 23 95 162 177 36 — Industrial advances 7,549 981 147 157 139 992 1,172 1,833 2,128 — U. Sj Government securities, diraofc and guaranteed 2,184,100 57,000 127,500 136»3oO 686,400 1,176,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F. R. 23>-d FEDERAL RESERVE HOTE STATEMENT OU APRIL 30, 1941 (In thousands of dollars) Total Boston Nav; York Phila. Cleve. Rich. Atlanta. Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.Bank by F.R.Agsi^ 6, 574,463 531,130 1,728,132 454,183 602,715 312,014 226,715 1,387,897 251,233 170,187 225,940 112,216 572,101 Held by Federal Reserve Bonk 292,095 18,800 72,230 20,015 22,595 15,056 17,981 30,606 13,267 4,7/1 8,714 10,670 57,420 In actual circulation 6,282,368 512,330 1,655,902 434,168 580,120 296,958 208,734 1,357,291 237,966 165,¿46 217,226 101,546 514,681 Collateral held by agent as se­ curity for notes issued to bank: Gold certificates on hand and due t-roia U. S Treasury 6,675,000 550,000 1,740,000 460,000 604,000 325,000 235,000 1,400,000 259,000 171,000 230,000 117,000 584,000 Eligible paper ” 1,512 ' 175 617 114 — 85 — — 35 297 189 — — Total collateral 6,676,512 550,175 1,7/0,617 460,114 604,000 325,085 235,000 1,400,000 259,035 171,297 230,189 117,000 584,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis