H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 2S3 STATEMENT FDR TI-IS PRESS Released for puolicv.t. 011 Board of Governors Friday morning ? June 6; of the Federal Reserve System not ear.iier, June 5. 19-41 CONDITION OF THE FEDERAL RESERVE BANKS During the v/eek ended June 4 member bank reserve balances decreased $548,000,000« Reductions in member bank reserves arose from increases of $531,000,000 in Treasury deposits with Federal Reserve Banks, $100,000,000 in money in circulation, and $8,0C0,000 in Treasury cash, offset in part by increases of $9,000,000 in Reserve Bonk credit, $6,000,000 in gold stock and $3,000,G0i; in Treasury currency and a decrease of $75,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of neuber banks on June 4 were estimated to be approximately $5,410,000,000, a decrease of $410,000,000 for the week. Changes in neuber bank reserve balances and related items during the v/eek and the year ended June 4, 1941, were as follows: increase or decrease since June 4, May 28« June 5, .1941 1941 1940 (in millioris of dollars) Bills discounted 2 2 1 U. S. Governnont direct obligations 2,179 — - 288 U. S. Government guaranteed obligations 5 — 5 Industrial advances (not including 12 raillion comnitments - June 4) 0y + 1 Other Reserve Bcaik credit 45 + 10 + 4 Total Reserve Bonk credit 2,240 + 9 - 290 Gold stock 22,579 + 6 +3,298 Treasury currency 3,136 + 3 + 128 ¡¿ember bank reserve balances 13,201 -548 - 186 Money in circulation 9,394 +100 +1,676 Treasury cash 2,22S + 8 + 24 Treasury deposits vritk F. R. Banks 993 +531 + 685 Nonmenber deposits and other F. R. accounts 2,137 - 75 + 936 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fox'1:’ ?. 2. 283-a Released for publication Friday morning, June 65 1941; not earlier. STATrI.:E.'T OF 00HDITI01I OF THE TTJELVE FEDERAL RESERVE BAIJKS C0MBI1JED (in thousands of dollars) Increasee or decrease since June 4, May 28, June 5, 1941 1941 1940 A S S E T S Crold certificates on hand and due from U. S. Treasury 20,314,730 - 2,002 +3,26l,233 Reder.ption fund - F. R, notes 9,944 + 395 546 Other cash 276,625 - 22,963 - 71,953 Total reserves 20,601,299 - 24,575 +3,138,739 Bills discounted* Secured by IJ. S. Gov't obligations p direct and guaranteed 1,242 - 2,191 208 Cthor bills discounted 674 43 658 Total bills discounted 1,916 - 2,239 366 Industrial advances 8,7 36 + 573 352 U. 8, Government securities, direct and guaranteed* Bonds 1,363,300 + 16,805 liotes 820,300 — - 309,825 Total U. S. Government securities, direct and guaranteed 2,184,100 — - 293,020 Total bills and securities 2,194,752 — 1,666 - 294,238 Due fr.n foreign banks 47 P. 11. notes of other banks 24,554 832. + 5,683 Uncollected items oc,c,Xo + 53,52.3 + 208,835 Banlt premises no, c.Ap 51 - 1,543 Other assets 51j7C2 - ____32 - 12,614 T O T A L A S S E T S 23,794,584 + 26,317 +3, 094,862 L I A B I L I T I E S F.R. notes in actual circulation 6,534,194 74,134 +1,468,955 + Deposits 1 '’.ember bank - reserve account 13,201,494 -547,385 - 135,203 U. S. Treasurer - General account 993,072 +531>393 + 684,937 Foreign 1,243,661 + 3,615 + 789,480 Other deposits -vi\lH O .a L- 1 A -i O s3 ^ 2 - 78,169 + 113,802 Total deposits 16,046,350 - 90,541 +1,403;016 Deferred availability itens 836,731 42,900 204,442 + + Other liabilities including accrued dividends 5,312 r___joo ±____ . J£ TOTAL LIABILITIES 23,422,637 + 26,243 +3,076,448 c a p i t a l a c c o u n t s Capital paid in 140,311 + 27 + 4,146 Surplus (Section 7) 157,065 — + 5,345 Surplus (Section 13’o) 26,785 — 54 Other capital accounts 47,786 + 47 + 8,977 total LIABILITIES AITD CAPITAL ACCO'JflTTS 23,794,584 + 26,317 +3,094,862 Ratio of total reserves to deposit and F.R. notes liabilities combined 91.25b - .1% + 2.8% Commitments to make industrial advances 12,272;. 70 + 3,444 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 28'3-b STATEI.IEIIT CF OOHDITIOK OF THE FEDERAL RESERVE BAHI'S Olí JU1TE 4, 1941 (ln thousands of dollars) A S S E T S Total Boston Kew York Phila* Cleve. Rich, Atlanta Chicago St.Louis Him;, Knno.Or» Dallas San Fran, 3old certificates on hand and due from U.S. Treasury 20,314,730 1,196,414 9,133,152 1,156,090 1,502,165 656,897 448,9?4 3,297,824 501.34a 329,778 400,887 305.149 1,965,599 Redemption fund - F.R.notes 9,944+ 394 1,697 832 689 1,906 897 1,033 '/00 156 'l54 'PJö 9/1 Other cash 276,625 19,627 57,727 22,684 16,575 16,975 23,873 37,642 17,251 5,746 15,335 13,983 ,rx',202 Total reserves 20,601,299 1,216,435 9,192,576 1,179,606 1,519,4-29 675,778 473,704 3,336,499 579,492 335,680 476,376 ;19,932 1,295,742 Bills discounted! Secured by U. S. Gov't obligations, direct and guaranteed 1,242 135 644 175 100 68 — — 55 20 35 10 — Other bills discounted 674 19 171 45 33 — 3 60 — 139 151 43 Total bills discounted 1,916 154 315 220 133 68 8 60 55 159 136 58 — Industrial advances 8,736 771 1,727 3,340 349 853 233 352 — 397 221 276 217 U. S. Qovoriuieiit securities, direct and guaranteed: Bonds 1,363,800 98,544 389,312 103,110 136,462 75,859 59,247 156,506 63,283 41,173 66,277 54,979 114,043 liotes 820,300 59,273 234,163 65,027 32,079 45,627 35,637 94,136 33,062 24,769 39,363 33,068 63,596 Total U. 5. Gov1t recurities, direct and guaranteed 2,134,100 157,817 623,475 173,137 218,541 121,486 94,334 250,64-2 101,345 65,947 106,140 33,047 132,639 T o t a l . .seei^ties 2,194,752 153,742 62.6,017 176,697 219,023 122,407 95,125 251,054 101,4-00 66,503 106,547 83,331 182,356 Due fror. foreign barks A7 3 18 5 4 2 2 6 1 * 1 , 1 4 F. R. notes of other banks 24,554 532 1,642 1,356 1,795 5,451 3,344 3,177 1,959 936 1,054 633 2,675 Uncollected itercs 882,132 84,858 201,077 63,056 104,518 76,302 28,391 126,912 56,636 21,29° 36,142. 31,559 51',432 Bank precises 39,966 2,810 9,779 4,653 4,525 2,593 1.973 3,012 :.;,300 1,355 2,964 1,139 2,810 Other assets 51,732 • 3,549 13,932 4,317 5,618 3,136 2,213 5,634 2,262 1,618 2,453 2,321 4,679 T O T A L A S S E T S 23,794,534 1,466,929 10,045,091 1,429,690 1,354,912 835,674 604,752 3,726,294 744,050 4-27,391 625,557 444,066 1,540,198 *Less than $500 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forn F. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAUKS OK JUNE 4, 1941 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Piiila. Cleve. Rich. Atlanta Chicago St.Louis ¡.linn. Kans*Cy. Dellas San Fran. F. R. notes in actual cir­ culation 6,534,194 538,272 1,733,187 450,609 603,606 309,122 217,879 1,402,793 245,107 169,549 2.20,192 105,714 538,164 Deposits» Lîenber bank-reserve acct.13,901,494 678,631 6,440,246 706,420 956,264 404,055 286,456 1,896,718 339,761 169,471 986,623 235,217 801,632 U.S.Treasurer-General acct. 993,072 73,252 394,604 71,330 68,859 35,062 23,321 138,403 50,74-2 35,806 40,773 20,664 32,256 Foreign 1,243,661 58,997 701,145 81,849 77,630 36,2.83 29,533 101,256 25,314 18,564 ,74.4-70 24,470 64,150 Other deposits 60S,123 11,544 474,075 21,234 16,952 8,819 6,368 5 ,254 14,182 6,878 7 f007 4,197 31,613 Total deposits l(-,046,350 822,424 8,010,070 880,833 1,119,705 484,219 345,670 : 141,631 429,999 230,719 358,073 292,548 929,651 Deferred availability items 836,781 80,061 171,849 63,286 96,674 75,997 27,434 133,686 57,002 17,271 35,019 34,171 44,331 Other liabilities including accrued dividends 5,312 573 1,563 458 544 403 153 570 180 152 192 198 326 TOTAL LIABILITIES 23,422,637 1,441,330 9,916,669 1,395,186 1,820,529 869,741 591,14*4 3,670,680 732,288 417,691 614,276 432,631 1,512,472 c a p i t a l a c c o u n t s Capital paid in 140,311 9,353 51,589 11,902 14,484 5,439 4,80o 14,928 4,295 3,002 4,516 4,270 11,727 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 1,130 1,263 2,121 Other capital accounts 47,786 2,466 13,3-16 3,065 4,569 2,003 2,364 0,433 2,009 2,546 1,924. 1,928 ... 3,093 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ,794,584 1 ,466,929 10,045,091 1,429,690 1,854,912 885,674 604,752. 3,776,294- 744,050 427,391 69.5,537 *'•44,066 1,540,198 _ "1 Conr.itnents to nake indust 11 advances 12,272 172 1,611 2,291 1,744 1,096 ¿fC 6 364 40 1,164 21 3,731 MATURITY DISTRIBUTION 1OF BILLS A1:© secu?.:ITIES Within l6 to 31 to 6l to 91 days to 6 rjonths 1 Year 2 Years to Over Total 15 days 3P. Aqys, 60 days 90 days 6 months to 1 Year to 2 Years 5 Years 5 Years Bills discounted 1,916 1,346 80 120 148 217 5 Industrial advances 8,736 1,4-73 270 515 333 800 1,491 1,472 2,382 U. SiGovernEient securities, direct and guaranteed 2«184n100 127,800 136,300 686,400 1,233,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F„ R. 283-d FEDERAL RESERVE HOTE ST/.TEHEIIT Oil JU1TE 4, 1941 (In thousands of dollars) Total Boston list; York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Sar. Fran. Federal Reserve notes 1 Issued to F.R. Bank by F. R. Agent 6,035;331 556,759 1,817,879 467,611 627,195 324,353 234,379 1,434,618 258,751 174,0C0 229,749 115.^70 594,587 Held by Federal Reserve Bank 301,137 18,487 84,692 17,002 23,589 15,231 16,500 3V825 13*644 4,531 9,557 9,656 56,423 In actual circulation 6,534*194 538,272 1,733,187 450,609 603,606 309,122 217,879 1,402,793 245,107 169,549 220,192 105,714 538,164 Collateral held by agent as se~ curity for notes issued to bank: Gold certificates on hand and due from TJ. S. Treasury 6,971,000 570,000 1,835,000 4 0,000 630,000 350,000 240,000 1,460,000 269,000 177,000 235,000 121,000 604,000 Eligible paper 1,642 154 815 220 — 68 — — 55 159 171 — — Total collateral 6,972,642 570,154 1,835.815 4a0,220 630,000 350,068 240,000 l,460,;Y-0 269,055 177,159 235,171 121,000 604,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis