H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Fona F. r.. 283 STATEL31TT FOR THE FRESS Released for publication Board of Governors Friday morning, June 135 of the Federal Reserve Systej not earlier. June 12, 1941 CONDITION OF THE FEDERAL RESERVE B1I1KS During the week ended June 11 member bank reserve balances increased $111,000,000. Additions to member bank reserves arose fron reductions of 152,000,000 in Treasury deposits with Federal Reserve Banks and $43,000,000 in nonmeniber deposits and other Federal Reserve accounts, and increases of $9-TOO,000 in Reserve Bank credit, $14,000,000 in "old stock, and ¿2,000,000 in Treasury currency, offset in part by an increase of 011,000,000 in Treasury cash. Excess reserves of member banks on June 11 were estimated to be approximately $5,4-90,000, OOO, an increase of $80,000r000 for the week. Changes in member bank reserve balances and related items during the week and the year ended June 11, 1941, were as follows* Increase or decrease since June 11, June 4, June 12, 1941 194-1 1940 (In millions of dollars) Bills discounted 2 U. S. Government dirjct obligations 2,179 288 U. S. Government guaranteed obligations 5 5 Industrial advances (not including 12 million commitments - June 11) 9 — Other Recerve Bonk credit 54 + 9 + 20 Total Reserve Ban!: credit 2,249 + 9 Gold stock 22,593 + 14 Treasury currency 3,138 + 2 Llember bank r^oerve balances 13,312 +111 - 198 Lloney in circulation 9,393 - 1 +1,676 Treasury cash 2,240 + 11 + 40 Treasury deposits with F. R. Banks 941 - 52 + 676 llonmember deposits and other F. R. accounts 2,094 - 43 + G27 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. P.. Z8j-c. Released for publication Friday morning,- Juno 13,1941$ not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since June 11, June 4, June 12, 1941 1941 1940 A S S E T S Gold certificates on hand and due from U. S. Treasury 20,313»731 999 +3,112,255 Redemption fund - ?. P.. notes 10,945 + 1,001 2.45 Other cash 289,010 + 12,385 - 78,688 Total reserves 20,613,686 + 12,387 +3,033,322 Bills discounted? Secured by U. S. Gov*t obligations, direct and guaranteed 1,358 + 116 + 287 Other bills disco tinted 619 55 727 Total bills discounted 1,977 + 61 - 44o Industrial advances 8,774 + 38 311 - U. S. Government securities, direct and guaranteed: Bonds 1,363,800 ____ + 16,805 Notes 820,300 j n 309,825 — — ^ Total U. S. Government securities, direct and guaranteed 2,184,100 - 293,020 — Total bills and securities 2,194,851 + 99 - 293,771 Due from foreign bonks 47 — — F. R. notes of other beaks 26,825 + 2,271 + 6.676 Uncollected items 889,067 + 6,885 + 69,199 Bank premises 40,035 + 67 - 1,497 Other assets 53,799 + 2,017 — 15,064 T O T A L A S S E T S 23,818,310 + 23,726 +2,798,865 L I A B I L I T I E S F. R. notes in actual circulation 6,542,175 + 7,981 +1,460,861 Deposits* Member bank - reserve account 13,312,189 +13.0,695 197,922 — U. S. Treasurer -- General account 940,973 - 52,099 + 675,549 Foreign 1,226,526 - 17,135 + 765,310 Other deposits 582,106 - 26,03-7 + 29,212 Total deposits 16,061,794 + 15,4-44- +1,272,149 Deferred availability items 835,205 - 1,576 + 49,677 Other liabilities including accrued dividends ...7,133. + 1,321 _ 2,164 TOTAL LIABILITIES 23,446,307 + 23,670 +2,780,523 C A P I T A L „ A C C O U N T S Capital paid in 140,331 + 20 + 4,162 Surplus (Section 7) 157,065 — + 5,345 Surplus (Section 13b) 26,785 — - 54 Other capita], accounts 47,822 + 36 + 8.889 TOTAL LIABILITIES ALTD CAPITAL- ACCOUNTS 23,818,310 + 23,726 +2,798,865 F.atio of total reserves to deposit and ‘F.R. note liabilities combined 91.2% + 2.7% — Comnitnents to make industrial advances 11,629 643 + 2,953 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 28y~b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH JUIIE 11, 1941 (ln thousands of dollars) A S S E T S Total Boston New York Phila. deve. Ridi. Atlanta Chicago St.Louis Minn. Kans.Cy. Do.13.as San Fran. Gold certificates on hand and due from U.S.Treasury 20,313,731 1,165,191 8,933,256 1,191,178 1,528,486 658,772 458,478 3,374,543 561,033 339,907 465,952 323,047 1,308,888 Redemption fund - F.E.iiotes 10,945 394 1,697 832 689 1,907 897 1,033 400 156 154 845 l,94l Ot/hfir niifih 9 f ww OOOw lJLA^J 1) r7f r{7 ^& OD JÜJ.Jo). 97I 3 Aiq no 5 A an o l ö *1 w i /. inn -n Oor? Total reserves .20,613,686 1,186,138 8,987,661 1,214,586 1,545,951 681,492 486,988 3,4l4,S60 579,706 340,375 484,203 343.OOC 15 34-2 ? 666 Bills discounted: Secured by U. S. Gov’t obi igations, direct and guaranteed 1,^58 95 709 216 100 58 — ”” , Other bills discounted 619 19 T*9 42 il — 8 34 ..^ ^ _____- 25 Total bills discounted 1,977 114 841 258 131 58 8 34 50 182 203 73 25 Industrial advances 8,774 770 1,720 3,310 348 851 215 364 412 291 276 217 j, S. Government securities, direct and guaranteed: Bonds 1,363,800 98,544 389,312 108,no 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 U. S.Gov’t securities? direct and guaranteed 2,184,100 157,817 623,475 173,137 218,541 121,486 94,884 250,642 101,345 65,947 106,1/0 88,047 182,639 Total bills and securities 2,194,851 158,701 626,036 176,705 219,020 122,395 95,107 251,040 101,395 66,541 106,634 88,396 182,881 Due from foreign banks 47 3 18 5 4 2 2 6 1 * 1 , 1 A F. R. notes of other banks 26,825 723 2,300 1,467 1,770 6,2.20 2,685 2,682 2,698 826 1,436 825 3,193 Uncollected items 809,067 82,404 2.01,520 60,991 112,614 74,162 33,791 130,181 50,174 22,493 39,450 30,936 50,351 Bank premises 40,035 2,810 9,779 4,720 4,525 2,598 1,973 3,012 2,300 1,355 2,964 1,189 2,810 Other assets 53,799 3,529 14,296 5,736 5,685 ' 3,211 2,218 5.676 2,291 1,622 2*>A&A 2,332 4,739 T O T A L A S S E T S 2.3,818,310 1,434,308 9,841,63.0 1,464,210 1,889,569 890,080 622,764 3,807,457 738,565 439,212 637,212 466,679 1,586,644 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

.bora F. R. 283“c STATEMENT OF OOIIDITIOH OF THE FEDERAL RESERVE BANKS ON JUIJE 11, 194-1 (in thousands of dollars) L I A B I L I T I Total Boston Now York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual cir— culation 6,542,175 538,581 1,732,339 453,30s 609,662 308,781 215,776 i,4o4-„889 2.43,641 169,957 220,103 104,043 541,095 Deposits : I.Ienber bank-reserve acct.^3.312 189 679,310 6,527,945 707,019 954,314 396,673 279,504 1,809.074 342,217 170,173 291,996 246,792 827,172 U.3. Treasurer-General acct. 940,973 47,024 338,095 66,127 56,764 36,809 31,144 184,992 42,931 36,683 38,800 36,832 24,772 Foreign 1,226,526 57,462 466,273 118,967 112,835 52,738 42,926 147,176 36,794 26,982 35,560 35,568 93,237 Other deposits 582,106 7,4-25 467,44-7 20,362 16,088 6,136 6,449 4,654 11,620 6,708 4,298 3,207 27,712 Total deposits 16,061,794 791,221 7,799,76c 912,4-75 1,140,001 492,356 360,023 2,225,096 433,562 240,546 370,662 322,399 972,893 Deferred availability :items 835,205 78,343 179,333 62,090 104,918 72,564 33,184- 128,416 4-9,398 18,846 34,960 28,584 44,561 Other liabilities including accrued dividends 7,133 553 1,739 1,829 607 434 167 648 200 165 207 216 368 TOTAL LIABILITIES 23,446,307 1,408,698 9,713,171 1,4-29,702 1,855,188 874,135 609,150 3,759,849 726,801 429,514 625,940 455,24-2 1,558,917 C A P I T A L A C C 0 U II T S Capital - p s aid in 140,331 9,353 51,593 11,901 14,486 5,447 4,809 14,932 4,295 3,001 4,516 4,270 11,728 . 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 1,4-29 533 1,000 1,138 1,263 2,121 Other capital accounts 47,822 2,477 13,329 3,070 4,565 2,007 2,367 0,423 2,011 2,545 2,005 1,930 3,093 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,818,310 1,434,308 9,84-1,610 1,464,210 1,889,569 890,080 622,764 3,007,4-57 738,565 439,212 637,212 466,679 1,586,644 Commitments to make industrial advances 11,629 172 1,611 2,333 1,732 1,114 32 6 364 39 1,094 56 3,076 MATURITY DISTRIBUTION OF BILLS LUS SECURITIES Within 16 to 31 to 6l 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 1,977 1,384 91 185 77 235 5 — Industrial advances 8,774 1,442 284 555 407 746 1,515 1,476 2,349 U. S. Government securities, direct and guaranteed 2,184,100 127*800 136,300 686,400 1,233,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ca co Fern F. E, 283“d FEDERAL RESERVE WIE STATR1E1IT 0" JUIIE 11- 1941 (ln thousands of dollars) Total. Boston New Yorl; Phila. Cleve. Rieh. Atlanta Chicago St.Louis Kinn* Kans.Cy* Dallas San Fran. redorai Reserve notes: ~ sued to F.R. Banlc bv F.R. Ment 6,365,638 554,797 1,827,040 469,818 633,263 325,855 235,597 1,440,056 259,010 175,.-.61 230,994 115,054 598,893 Id by Federal Reserve Bank 323,463 16,216 94,701 16,510 23,601 17,074- 19,821 35,167 15,369 5,304 10,891 H,011 57,798 D.i actual circulation 6,542,3.75 538,581 1,732,339 453,308 609,662 308,781 215,776 1,404,CÜ9 243,641 169,957 220,103 104,04-3 541,095 Collateral held by agent as se­ curity for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 7,011,000 570,000 1,845,000 480,000 640,000 350,000 240,000 1,460,000 2.69,000 177,000 235,000 r-1,000 624,000 Eligible paper 1,693 11.4 841 259 — 58 — — 50 182 3.89 — — Tot.il collateral. 7,012,693 570-114 1,345,841 4-80,259 640,000 350,058 240,000 1,460,000 269,050 177,182 235,189 121-"^r 624,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis