H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, June 27; of the Federal Reserve System not earlier. June 26. 194-1 CONDITION OF THE FEDERAL RESERVE BANKS During the w^ek ended June 25 member bank reserve balances decreased $146,000,000. Reductions in member bank reserves arose from increases of $57,000,000 in money in circulation, $57,000,000 in Treasury deposits with Federal Reserve Banks, $36,000,000 in nonraember deposits and other Federal Reserve accounts and $17,000,000 in Treas ry cash.offset in part by incre..ses of $3,000,000 in Reserve Bank credit, $C,>'00,000 in gold stock and $6,000,000 in Treasury currency. Excess reserves of member banks on June 25 were estimated to be approximately $5>150,000,000, a decrease of $160,000,000 for the week. Changes in merfoer bank reserve balances and related items during the week and the year ended June 25 - 1941, were as follows: Increase or decrease since June 25y June 13, June 26, 1941 1941 1940 (in millions of dollars) Bills discounted 2 — — U. S. Government direct obligations 2,179 — - 284 —— U. S. Government guaranteed obligations 5 5 Industrial advances (not including 13 million commitments - June 25) 9 — — Other Reserve Bank credit 54 + 8 + 27 Total Reserve Bank credit 2,249 + 8 - 262 Gold stock 2.2,620 + o +2,749 Treasury currency 3,148 + 6 + 136 Member bank reserve balances 12,985 -145 - 738 Money in circulation 9,490 + 57 +1,710 Treasury cash 2,275 + 17 + 89 Treasury deposits with F. P.. Banks 1,081 + 57 + 780 Honraember deposits and other F.R. accounts 2,186 + 36 + 781 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Pom F, P.. 283-a P.eleascd for publication Friday norning, June 27, 194-15 not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since June 25, June 18, June 26, 1941 1941 1940 A S S E T S Gold certificates on hand and due iron U. S. Treasury 20,313,730 1 +2,660,254- P.edenption fund - F. R. notes 9,508 — - 1*354 Other cash 285,141 - 2,609 - 93.639 Total reserves 20,608,379 - 2,610 +2,565,261 Bills discounted» Secured by U, S. Gov’t obligations, direct and guaranteed 1,421 + 302 + 717 Other bills discounted 592 95 - 965 Total bills discounted 2,013 + 207 - 248 Industrial advances 9,088 + 182 + 113 U. S. Government securities, direct and guaranteed» Bonds 1,363*800 + 20,617 Notes 820,300 — - 309,825 Total U. S. Government securities, di.roct and guaranteed 2,184,100 — - 239,208 Total bills and securities 2,195,201 + 389 - 289,343 Due fron foreign banks 47 — — F. P., notes of other banks 27,222 + 2,304 + 8,733 Uncollected items 890,276 -24-1,757 + 234,045 Bank premises 40,215 31 - 1,275 Other assets 41*32? + 917 — 10,728 . T O T A L A S S E T S 23*804,669 -240,733 +2,506,693 L I A B I L I T I E S F, P., notes in actual circulation 6,633,192 + 60,036 +1,438,742 Deposits» Menber bank-reserve account 12,985,110 -145,532 737,709 - U. S. Treasurer - General account 1,081,125 + 57,316 + 730,515 Foreign 1,240,276 + 10,384 + 575,556 Other deposits 650,690 + 25,976 + 175,834 Total deposits 15,957,201 - 51,856 + 794,196 Deferred -availability itens 836,114 -249,550 + 206,545 Other liabilities including accrued dividends 6,086 + 476 + ... _2P0 TOTAL LIABILITIES 23,432*593 -240,894 +2,489,783 c a p i t a l A C C O U N T S Capital paid in 140,376 + 52 + 3*273 Surplus (Section 7) 157,065 — + 5*345 Surplus (Section 13b) 26,785 — - 54 Other capital accounts 47,850 + 54 + S'* 346 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,804,669 -240,73- +2,506,693 Ratio of total reserves to deposit raid ?. P.,note liabilities combined 91.256 - .1% + 2,4$ Connitncnts to riake industrial advances 13,072 + 1,258 + 4,310 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

,rm ?„ E. 3',3-b STATEMENT OF COIIDITICI! OF THE FEDERAL RESERVE BAHKS Oil JUÎIE 25, 1941 (In thousands of dollars) A S S E T S Total Boston Hew York Phila. Cleve. P.ich. Atlanta Chicago St.Louis Minn. Kars. Cy. Dallas San Fran. >lc -ïertificates on hand and hjr-. fron TJ. 8. 'Tree, sur y £0,313,730 1,185,741 8,812,100 1,220,497 1,590,452 664,754 4,64,553 3,407,723 545,007 330,951 456,794 323,049 1,312,099 îc.ei-.ption fund - F.R. notes 9,508 327 1,427 728 602 1,218 851 947 381 145 136 832 1,914 .her- cash 285,141 20,363 50,412 24,224 14,608 18,867 26,668 39,474 20,448 5,383 16,807 15,069 ?.2,8l8 reserves 20,608,379 1,206,431 8,863,939 1,245,449 1,605,662 684,839 492,077 3,443,149 565,836 336,479 473,737 338,950 1,346,831 [He discountedt ^ec'red by U, S«. Gov*t obligations, direct and guaranteed 1,421 no 871 97 100 58 — — 50 60 45 30 — ither bills discounted 592 24 92 56 22 — 8 — 156 132 102 — >tal bills discounted 2,013 134 963 153 122 58 8 — 50 216 177 132 — 'xaustrial advances 9,00ft 1,016 1,536 3,514 350 851 190 384 — 435 359 27 5 178 >S Go^ern’nerit securities, direct and guaranteed* Bonds 1,363,-00 98,544 389,312 108,110 136,462 75,859 59,247 156,506 63,283 41,178 66,277 54,979 114-043 Totes 320,300 59,273 234,163 65,027 82,079 45,627 35,637 94,136 38,062 24,769 39,863 33,068 68,596 itj.1 *J. S. Gov11 securities. c am ^«iarjijiteed 2,184,100 157,817 623,475 173,137 218,541 121,486 94-,884 250,642 101,345 65,947 106,.140 88,047 182,639 otul bills and securities 2,195,201 158,967 625,974 176,804 219,013 122,395 95,082 251,026 101,395 66,598 106.676 38,454 182,817 _ie froa foreign banks 47 3 18 5 *4 2 2 6 1 * 1 1 4 . R. rotes of other banks 27,222 659 2,040 1,1/2 1,669 7,124 2,692 3,137 2,350 1,262 1,627 1,004 2,516 icollscted iteac 890,-276 83,468 217,336 62,665 111,557 71,464 36,415 125,495 43,522 23,759 33,001 30,094 46,500 ank premises 40,215 2,810 9,949 4,710 4,513 2,640 1,970 3,012 2,299 1,355 2,964 1,189 2,804 ther assets 43,329 2,866 11,719 3,708 4,726 2,706 1,844 4,650 1,863 1,336 2,010 1,964 3,937 C T A L A S S E T S 23,004,669 1,455,204 9,730,975 1,494,483 1,947,144 891,170 630,082 3,335,475 722,266 430,739 620,016 461,656 1,585,409 *Less than ¿500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-c STATEMENT OF COHDITIOII OF THE FEDERAL RESERVE BANKS 013 JUIv'E 25, 194-1 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Biinn. Krais. Cy. Dallas San Fran. F. R. notes in actual cir­ culation 6,633,192 549,943 1,772,030 458,916 616,777 312,54-9 217,625 1,421,216 245,153 169,901 07 ^ * r y ' X l . j*1~ 104,051 545,120 Deposits* Member bank-reserve acct. 12,985,110 677,793 6,364,978 697,128 938,523 397,826 279,014 1,826,202 316,426 162,162 ?0/.,075 233,006 807 >897 U.S.Treasurer-General acct.1,081,125 57,435 260,379 100,612 117,814 35,040 37,653 263 ,072 5/i ,-'31 33:556 33?274 46,609 4l 770 Foreign 1,240,276 56,966 474,195 120,038 113,850 53,213 43,313 i4o,5co 3’/,125 27,:-,b 35,000 35,oO£' 9 >75 Other deposits 650,690 8,010 536,042 I6,4l4 20,000 6,734 6,767 4,709 9,053 8,445 °,2~7 1,687 2£,712 Total deposits 15,957,201 800,204 7,635,594 934,192 1,190,187 492,813 366,747 2,242,643 417,235 231,380 35">,4-74 317,270 972,454 Deferred availability items 836,114 78,880 193,028 66,303 105,168 69,417 31,913 123,319 47,905 19,633 32,144 20,660 39,736 Other liabilities including accrued dividends 6,086 568 1,886 546 625 433 174 686 201 171 214 225 357 TOTAL LIABILITIES 23,432,593 1,429,595 9,602,538 1,459,957 1,912,757 875,212 616,459 3,707,£¿4 710,494 421,093 6.0,743 450,214 1,557,667 C A P I T A L A C C O U N T S Capital paid in 140,376 9,344 51,584 11,912 14,496 5,453 4,816 14,940 4,298 2,990 4,52C. 4,272 11,743 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/Z74 10,705 Surplus (Section 13b) 26,785 2,874 7,070 4,393 1,007 3,244 713 1,429 533 ls COG n 9-*-33 1,263 2.121 Other capital accounts 47,850 2,485 13,336 3,077 4,561 2,014 2,369 0.410 2,016 2,546 ^ r.'jo 1,933 3 î 093 TOTAL LIABILITIES AÎID CAPITAL ACCOUNTS 23,804,669 1,455,204 9,730,975 1,4^4,483 1,947,144 891,170 630,082 3,035,475 722,266 430,709 6P0,0l6 461,656 1,585,409 Commitments to make industrial advances 13,072 1,521 1,535 2,186 1,679 1,016 32 2 360 35 1,039 39 3,628 MATURITY DISTRIBUTION OF BILLS AITD S3nUi:iTTSS Within 16 to yi to 61 to 91 days to 6 nonbhs 1 Year 2 Years to Over Total 15 days 30 days 60 days 90 days 6 montas to 1 Yenr to 2 Ye.°.rs 5 Tears « V.»r—' Bills discounted 2,013 1,482 54 152 81 244 Industrial advances 9,003 1,522 284 567 509 810 1,504 1,447 2,365 U, S. ^Government securities, direct and guaranteed 2,104,100 43,000 84,000 230,700 584,000 1,233 ;6or. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d FEDERAL RESERVE NOTE STATEMENT ON JUKE 25, 194-1 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. Federal Reserve notes1 Issued to F.R. Bank by F.R,Agent 6,942,165 567,606 1,84-7,7/5 476,26$ 640,146 332,003 238,249 1,453,65/ 25-3,659 175,206 231,36c- 116,392 604,844 Held by Federal. Reserve Bank 308,973 17,663 75,745 17,349 23,369 19,454 20,624 3M3o 13,506 5,305 11,455 12,34-1 59,724 In actual circulation 6,633,192 549,943 1,772,030 458,916 616,777 31?>549 217,625 1,421,216 24:5,153 169,901 219,911 104,051 545,120 Collateral held by agent as se­ curity for notes isnued to bank* Gold certificates on hand and due from U. S. Treasury 7,063,000 590,000 1,865,000 480,000 645,000 350,000 245,000 1,460,000 269,000 177,000 235,000 i::3,000 624,000 Eligible paper 1,739 134 963 153 — 58 — — 50 216 165 — — Total collateral 7,064,739 590,134 1,865,963 4^0,153 645,000 350,058 245,000 1,460,000 269,050 177,216 235,165 123,000 624,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis