H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. P.. 253 STATSLiEITT FOR THE PRESS Released for publication Board of Governors Friday morning, May 23 j of the Federal Reserve System not earlier. May 22, l94l CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 21 member bank reserve balances increased $274*000,000. Additions to member bank reserves arose from decreases of $285,000,000 in Treasury deposits with Federal Reserve Banks and $3,000 ¡,000 in Treasury cash and an increase of $27,000,000 in gold stock, offset in part by a decrease of $2,000.000 in Reserve Bank credit and increases of 831,000,000 in money in circulation and $3.0,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on I lay 21 vere estimated to be $5,860,000,000, an increase of $170,000,000 for the weak. Changes in r.e:»ber bank reserve balances and related items during the week and the year ended '..lay 21, 1941, were as follows* Increase or decrease since May 21, Hay 14, May 22, 1941 1941 1940 (in millions of dollars) Bills discounted 2 — U. S. Government diract obligations 2,179 — - 283 U. S. Government guaranteed obligations 5 — - 5 Industrial advances (not including 11 million commitments - Llay 21) 8 — - 1 Other Reserve Rc.nk credit 42 - 3 + 10 Total Reserve Bank credit 2,237 - 2 283 Gold stock 22,565 + 27 +3,494 Treasury currency 3,131 + 2 + 124 Member bank reserve balances 13,732 +274 + 509 Money in circulation 9,186 + 31 +1,573 Treasury cash 2,280 - 3 + 76 Treasury deposits v&th F. R. Banks 477 -2S5 + 107 Nonnember deposits and other F. R. accounts 2,258 + 10 +1,069 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F.Jrt. 283-a Released for publication Friday morning, Kay 23,1941; not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since May 21, May 14, May 22, 1941 1941 1940 A S S E T S Gold certificate» on hand and due from U, S, Treasury 20,256,731 + 33,999 +3:,414,755 Redemption fund - F. R. notes 9,549 595 + 1,812 Other cash Jg\Æ5 - 7,048 J & à Ê L Total reserves 20,537,305 + 26,356 +3,363,218 Bills discountedi Seaured by U. S. Gov’t obligations, direct and guaranteed 1,539 + 685 + 446 Other bills discounted 658 + 8 576 Total bills discounted 2,197 + 693 - 130 Industrial advances 8,154 + 62 — 1,078 U, S. Government securities, direct and guaranteed1 3onds 1,363,600 + 16,805 Notes 820,300 - - 309,825 Total U. S« Government securities, direct and guaranteed 2,184,100 - * •* 293,020 Total bills and securities 2,194,451 + 755 294,228 Due from foreign banks 47 __ — F. R. notes of other banks 27,122 + 39 + 5,745 Uncollected items 986,086 - 31,064 + 321,939 Bank premises 40,055 12 - 1,540 Other assets 50,512 + 341 •* 11,953 T O T A L A S S E T S 23,885,578 - 3,585 +3*383*131 L I A B I L I T I E S F. R, notes in actual circulation 6,384,387 + 24,716 ' +1*399*776 Deposits: 1.1 ember bank - reserve account 13,731,835 +273,969 + 509,333 U. S. Treasurer - General account 477,144 -284,430 107,136 Foreign 1,241,201 + 6,153 + 791,347 Other deposits ___JZlQtJsSQ. + 4,668 + 245,689 Total deposits 16,180,630 + 310 +1,653,505 Deferred availability items 943,64-1 - 28,348 + 310,988 Other liabilities including accrued dividends ...5,117 387 .... .389 TOTAL LIABILITIES 23,513,775 - 3,709 +3*364,650 C A P I T A L A C C O U N T S Capital paid in 140,279 + -7 + 4,152 Surplus (Section 7) 157,065 — + 5,345 Surplus (Section 13b) 26,785 — - 54 Other capital accounts 47,674 + 117 + 9,080 TOTAL LIABILITIES MD CAPITAL ACCOUNTS 23,885,578 - 3,585 +3*323 ?loi Ratio of total reserves to deposit and F. R. note liabilities combined 91.2* — + 2.9/a Commitments to make industrial advances 11,080 + 135 2,197 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fern F. E. 28>-b STATEMENT OF COliDITICII OF THE FEDERAL RESERVE BAIJKS OIJ EAY 21, 1941 (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. 3old certificates on hand and due from U.S.Treasury 20,256,731 1,193,049 9,292,584 1,214,503 1,467,889 659,916 422,478 3,164,850 476,321 320,197 457,178 308,164 1,279,602 Redemption fund - F.R.notes 9,549 470 997 947 777 1,690 948 1,133 4i9 167 171 858 972 Other cash 321,025 22,314 76,407 24,538 20,568 19,507 25,665 41,858 18.077 5,776 16,387 15,704 34,224 Total reserves 20^87,^05 1*215,033 9,369,988 1,239,988 1,489,234 681,113 449,091 3,207,841 494,817 326,140 473,736 324,726 1,314,798 Bills discounted* Secured by Ü. S. Gov’t obligations. direct and guaranteed 1,539 25 413 32 200 85 — 705 27 32 20 — Other bills discounted 658 — 150 48 35 — 10 83 — 164 125 43 — Total bills discounted 25 563 80 235 85 10 83 705 191 157 63 — Industrial advances g 154. 802 1,729 2,940 285 843 246 347 393 71 276 222 S. Government securities, direct and guaranteed: Bonds 1,363,000 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 ¿5,627 35,637 94,136 38,062 24,769 39,863 33 ?o68 68,596 Total U. S. Gov*t securities, •direct and guaranteed 2 3 is/jinn 157,817 623,475 173,137 218,541 121,486 94,884 250,642 101,345 65,947 106,140 38,047 182,639 Total bills and securities 2,194,451 15®,644 625,767 176,157 219,061 122,414 95,140 251,072 102,050 66,531 106,368 88,386 182,861 Due from foreign banks 47 18 5 4 2 2 6 1 * 1 1 4 F. R. notes of other banks 27,122 537 2,473 1,233 1,836 6,669 2,970 3,360 2,546 917 1,590 658 2,333 Uncollected items 986,086 84,659 309,693 64,525 103,332 71,517 33,769 127,329 50,172. 18,939 36,874 32,011 53,266 Bank premises 40,055 2,815. 9,798 4,664 4,525 2,604 1,977 3,018 2,3 05 1,357 2,980 1,196 2,816 Other assets 50,512 3,456 13,696 4,262 5,456 3,088 2,158 5,497 2,201 1,551 2,354 2,227 4,566 T 0 ? A L A S S E T S 23,885,578 1,465,947 10,331,433 1,490,834 1,823,448 887,407 585,107 3,598,123 654,092 415,435 623,903 449,205 1,560,644 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

iörm F. H. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAI 21, 1941 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich, F. R. notes in actual cix— culation 6,384 524,331 1,679,022 441,121 592,705 ,299,176 Deposits: Member bank-reserve acct.13,,731,835 740,113 6,837,675 784,180 973,769 430,532 U.S.Treasurer-General acct. 477,144 22,686 115,744 43,082 31,188 26,900 Foreign ' 1,241,201 57,648 703,104 81,327 77,135 36,052 Other deposits 730,450 14,726 582,119 35,970 15,734 8,721 Total deposits 16,180,630 835,173 8,238,642 944,559 Deferred availability items 943,641 Other liabilities including accrued dividends 5,117 H 0«\ fc ©s CO « 524,893 843,247 18,003 75,621 26;990 24,102 35,76o 33,241 23,827 29,345 100,611 25,153 18,445 24,314 24,314 63,753 5,824 4,690 9,626 7,300 8,782 3,495 33,463 502,205 964,290 80,280 283,879 70,192 98,051 69,702 43,472 541 1,525 453 505 391 144 559 174 166 173 185 301 TOTAL LIABILITIES 23,513,775 1,440,325 10,203,068 1,456,325 1,789,037 871,474 571,514 3,550,492 642,349 405,750 612,660 437,775 1,532,956 C A P I T A L A 0 C 0 Ü Î I T S Capital paid in 140,279 9,353 51,586 11,905 14,477 5,439 4,802 14j924 4,290 3,002 4,513 4,270 11,718 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 1,13s 1,263 2,121 Other capital accounts 47,674 2,489 13,262 3,067 4,554 2,003 2,353 3,4-54 1,995 2,531 1,979 1,923 3,064 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,885,578 1,465,947 10,331,433 1,490,834 1,823,448 887,407 585,107 3,598,123 ¿54,092 415,435 623,903 449,205 1,560,644 Commitments to make industrial advances 11,080 172 1,634 2,281 1,695 1,101 17 6 346 4l 26 21 3,740 MATURITY- DISTRIBUTION OF BILLS AND SECURITIES Within 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 Bills discounted 2,197 1,676 56 90 150 199 26 Industrial advances 8,154 1,522 208 165 550 699 1,163 1,764 2,033 tJ. SJ Government securities, direct and . guaranteed 2,184,100 — — 57,000 — 127,800 136,300 686,400 1.176,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d FEDERAL RESERVE NOTE STATEMENT ON MAI 21, 194-1 (ln thousands of dollars) Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans. Gy, Dallas San Fran. federal Reserve notes: Issued to F.R. Bank by F. R. Agent $,701,917 546,911 1,758,941 461,186 615,485 317,156 231,663 1,417,599 254,275 173,329 226,573 112,513 586,286 Held by Federal Reserve Bank 317,530 22,500 79,919 20,065 22,780 17,980 22,061 32,000 14,362 5,323 7,999 11,068 61,393 In actual circulation 6,384,387 524,331 1,679,022 441,121 592,705 299,176 209,602 1,385,599 239,913 168,006 218,574 101,445 524,893 OollateraL held by agent as se­ curity for notes issued to bank: Gold certificates on hand and due fron U.S.Treasury 6,823,500 550,000 1,775-000 470,000 618,500 350,000 235,000 1,440,000 269,000 174,000 230,000 118,000 594,000 Eligible paper 1,784 25 563 81 — 85 — — 705 I83 142 — Total collateral 6,825,284 550,025 1,775,563 470,081 618,500 350,085 235,000 1.440,000 269,705 174,183 230,14-2 118,000 594,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis