H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR TÏÏE PRESS Released for publication Board of Governors Friday morning, July 11; of the Federal Rosorvo System not earliur. July 10, 194l CONDITION OF THE FEDERAL RESERVE HANTS During the week ended July 9 member bank reserve balances decreased ?15ij,000,000. Reductions in member ban!-: resevves arose from increases of v202,000,000 in Treasury deposits with Federal Reserve Banks and vl5»000,000 in Treastiry cash and a decrease of v2U*000,000 in Reserve Bank credit, offset in part by decreases of v6l+,000,000 in iv nmember deposits r>nd other Federal Reserve accounts and v9,000,000 in money in circulation and increases of 413,000,000 ir. gold stock and >72,000,000 in Treasury currency» Excess re­ serves of member banks on July 9 v'ere estimated to be approximptoly "5,120,000,000, a decrease of vlirO, 000,000 for the week. Changes in men'/er bark reserve balances and related items during the vook an>3 the year ended July 9, 19-+1 wore as followr: Increase or decrease since July 9, July 2, July 10, iqIii 191+1 1940 (in millions of dollars) Bills discounted 3 .... + 1 U* S# Government direct obligations 2,179 - - 261+ Ut S. Government guaranteed obliçstinrs 5 2 Industrial advances (not including 12 luillion comitmuntc- July 9) 9 mmwm Other Reserve- Ban1: credit 52 - 25 + 22 Total Reserve Bank credit 2,2U9 - 21+ 1 or ’’B Gold slock 22,61+0 + 13 +2,1+74 Treasury currency 3,152 + 2 + 137 Member bank reserve balances 12,971 - 15U - 793 Money in circulation 9,695 - 9 +1,811 Treasury cash 2,291 + 15 + 100 Treasury deposits \ itfc F# R. Banks 1,03e» + 202 + 71)2 Nonm. ember deposits and other P.R* accounts 2,01(5 - 61+ + 510 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-a Releasod for publication Friday morningj July 11, 19i|l? not earlier. STATEMENT OF CONDITION OF THE FEDEH VL RESE'TI : banes combined (In thousands of dollars) Increase or decrease since July 9, July 2, July 10, 19U1 1941 1940 A S S E T S Gold certificates on hand and due from U. S. Treasury 20,310,531 *1,700 +2,366,055 Redemption fund - F. B. notes 10,553 +1,700 3C9 Other cash 252,279 +11,199' - 107,954 Total reserves 20,573,363 +11,199 •*•2,257,792 Bills discounted: Secured by U. S. Gov’t obligations, direct and guaranteed 1,660 + 5C3 + 1,214 Other bills discounted 1,1+09 + 3I46 + 139 Total bills discounted 3,357 + 049 + 1,353 Industrial advances 9,352 + 79 + 199 U» S* Government securities, direct and giiaranteed: Bonds 1,363,000 + 4o,6o4 «•«* Notes 020,30C — mm 306,432 Total U. S« Government securities, dirocT 'and'-' guar ante o d 2,1814., 100 mm mm 265,020 Total bills and securities 2,196,609 + 920 - 264,276 Duo from foreign banks 1+7 «*— F. it, notes of other banks + 29,503 + 5,724 6,522 Uncollected items 095,591 -03,407 236,110 Bank premises 1+0,175 + 13 - 1,264 Other assets 1+5,203 + 6lj2 10,098 - T O T A L A S S E T S 23,700,771 -64,9rl +2,221^794 L I A 3 I L I T I E S ,F. E. notes in actual circulation 6,797,121+ + 9,210 +l,56U,66l Deposits s lumber bank-rcservo account 12,971,077 -154,299 793,266 U. S. Treasurer - General account 1,030,51+5 +201,6>3 + 71+1,117 Foreign 1,191,575 -16,650 + ¿124,452 Other deposits 564,1+01 - 47,022 + 57,774 Total deposits 15,765,678 -16,270 + 430,077 Deferred avrilability items 043,364 -50,572 + 213,892 Other liabilities including accrued dividends 2>229 + I4O2 340 _ TOTAL LIABILITIES 23,400,395 -65,150 +2j,200,970 c : f i t ;, l a c c o u n t s Capital r>aid in 140,570 + 109 + 3,34c S S u u r r p p l l u u s s ( ( S S e e c c t t i i o o n n 7 1 ) 3b) 157,065 — + 5,345 Other capital accounts 26,705 — - 54 47,940 +___60 _ TO'T.L LI.'~ITITILS \TD CAPITAL ACCOUFTS 23,70^,771 -64,9;;1 +2,22l!„794 Pat3o of totcl reserves to deposit and F« T?. note liabilities combined 91.2# + .1% + 2.2% Comitr-ients to malic industrial adx'ancc.s 12,432 - 15C 3,750 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-b STATEMENT OF CONDITION Oj? THE FEDERAL RESERVE B,’'7<S 015 JULY 9, 1941 (in thousands of dollars) A S S E T S Total Bonton Now York Phila. Clovo. Rich. Atlanta Chicago St.Louis Kirm. Kans.Cy. Dallas San Fran. Gold cortificatos on hand and due from u.s.Trcasury 20,310,531 l,2li+,2i+9 8,771,538 1,209,462 1,563/688 689,052 482,721 3,351,91? 558,91+3 345,528 >*7,©33 331,22Q 1,3?"»775 Redemption fund -F.R.notes 10,553 217 1,01+1 581 9L1.I 1,395 737 762 1,033 612 583 £0? 1 f39 Othor cash 252,279 19,851 52,358 19,31+8 13,521 16,452 22,07 5 32,177 17,991 5,o49 13,033 12.603 27.-77A Total roserves 20,573,363 1,234,317 8,824,937 1,229,391 1,578,150 706,899 505,533 3,384,354 577,967 550,909 431,30-4 344,639 1,554,385 Fills discounted: Socurod by U.S.Gov’t obligations, diroct and guaranteed 1,868 72 1,515 56 10C 8 — — — 40 22 30 25 Othor bills discounted 1,1+89 21 1,026 50 22 — 8 — — 175 52 135 Total bills discounted 3,557 95 2,54l 106 122 8 8 215 7^ 165 25 Industrial advances 9,352 1,010 1,534 3,524 329 834 179 385 ~ 1428 679 275 177 U. S. Government securities, diroct r.nd guaranteed: Bmds 1,363,800 99,286 384,113 107,301 l4i,895 74,720 57,481+ 166,999 65,886 38,477 66,23c 55,594 107.,765 liotos 820,300 59,719 231,036 61+,541 85,348 44,943 54,577 loo,ii46 59,630 2?,i44 ?9,”Us. 52,255 fc^,«i7 Total U« S. Gov*t securities., diroct CTKr^^rantoc? 2,184,100 159,005 615,149 171,81*2 227,21+5 119,663 92,061 267,44? 105,516 61,621 106, 1Vj 85,829 1?2,582 Total bills and securities 2,196,809 160,103 619,221+ 175,472 227,694 120,505 92,21(8 £67,828 105,516 62,264 10C,397 C6,2S9 l?2,7‘n4 Dun from foreign banks i+7 3 18 5 b 2 2 6 1 * 1 1 4 F. R. notes of othor banks 29,503 739 2,022 1,771 1,793 5,889 3,1*27 3,509 3,007 905 2,274 1,139 5.028 line ol lac tod items 895,591 92,745 205,507 59,115 100,12)+ 83,434 3 5,095 126,798 1*8,719 24,257 37.-796 ?Vtl4 3an_c prjnises 40,175 2,805 9,930 4,710 4,515 2,654 1,970 5,007 2,300 1,355 2,948 i,JFl 2,^0'+ other assets 45,283 3,o48 i2,ool+ 5,859 5,115 2,759 1,859 5,227 2,C56 1,357 2,157 1,969 5,9>5 7 0 t a I A S S E T S 23,780,771 1,493,765 9,673,642 1,474,303 1,917,391 922,122 640,152 3,791,229 739,5^6 i'¿.,105 635,377 l'M,OP{ 1,5^,052 ♦Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F» R# 283—c STATEMENT OF CONDITION OF THE FEDET'AL RESERVE BAF'S ON JULY 9, 194l (in thousands of dollars) L I A B I L I T I E S Total Boston New York Phila* Clcvo. Rich» Atlanta Chicago St«Louis Minn. Kans.Cy» Dallas San Fran. F. R. notes in actual cir­ culât ion 6,797,124 564,562 ]L,o06,154 2466,151 635,824 321,716 224,223 1,453,770 :251,563 173,750 ;225,218 106,l4o 564,053 Deposits : F ember bank-reserve acct J^971,077 689,212 6,263,412 690,923 938,974 417,891 284,514 1,838,689 333,1714 168,568 :287,1(62 243,718 8 J4, 54o U.S. TrcasureiM-en^r n 1 ac ct *1,038,545 67,752 375,516 90,717 87,218 32,495 35,598 171,768 49,95«' 35,614 37,079 35,331 19,499 Foreign 1,191,575 5U,850 453,724 115,623 109,663 51,255 41,720 143,038 35,760 26,224 34,568 34,568 90,602 Other deposits 564,481 9,149 457,113 I6,o40 17,236 6,319 6,170 4,493 8,979 5,915 2,710 1,643 2C,706 Tital deposits 15,765,678 820,943 7,549,765 913,311 1,153,091 507,96c 36r,oo2 2,157,988 1427,871 236,321 361,819 315,260 953,347 Deferred availability iteius 843,364 82,334 1'-0,774 58,122 93,826 76,199 34,230 131,562 48,239 21,245 34,918 31,093 1(2,022 0th'r liabilities including accrued dividends 2,229 330 399 194 245 271 51 261 77 8C 107 138 68 m0T/,L LIABILITIES 23,400,395 1,460,169 9,545,092 1,439,778 1,002,986 9o6,ilj6 625,506 3,743,581 727,750 431,404 622,062 454,631 1,560,290 £ ^ P I T J . L A C C 0 U N T S Capital paid in 140,578 9,351 51,623 11,918 14,505 5,473 4,827 14,977 4,318 2,993 4,551 4,277 11,760 Surplus (Section 7) 157,065 10,906 56,447 15,144 14,323 5,247 5,725 22,£24 4,925 3,152 3,613 3,974 10,705 Surplus (Scction 13b) 26,785 2,074 7,070 4,393 1,007 3,2l4l+ 713 1,429 533 1,000 1,138 1,263 2,121 Other capital accounts 47,948 2,1465 13,4lO 3,070 4,570 2,012 2,361 8,418 2,o4o 2,551 2,013 l,9l+2 3,096 TOTAL LIABILITIES /.^TD CAPITAL ACCOUNTS 23,760,771 1,493,765 9,673,61^2 1,474,303 1,917,391 922,122 640,132 3,791,229 739,566 1441,105 633,377 1(66,087 1,5''<,052 Corranitmenis to nake industrial "•.d vane es 12,432 1,521 1,534 2,204 1,573 784 49 2 363 32 719 39 3,612 MATURITY DISTRIBUTION C? BILLS A1JD SECURITIES T(< ithin 16 to 31 to 61 to 91 days to 6 months 1 Your 2 Years to Over Total 15 days 30 days 60 days 90 dr ys 61icnths to 1 Year to 2 Y'-)ars 5 Years 5 Years Bills discounted 3,357 2,870 122 a 20 264 — «... Industrial advances 9,352 1,524 696 193 977 014 I>4ii2 l,i|12 2S291+ — U.S.Government securities, direct and ™u".rar.tccd 2,ao4,ioo — — 43,ooo 84, 800 230,700 504,000 1,233,600 mmm* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form ?• R. 283_d FEDERAL RESERVE NOTE ST.'TT'LFT OF JULY 9* 191+1 (in thousands of dollars) Total Boston York Phi la. Clove. Rich. Atlr.nta Chicago St.Lcuis Minn. Kc.ns.Cy. Dallas San Fran. Ncvr Foricrel Reserve. nr: test Issu^ to F.E.3a:ik by F#n.Ag,nt 7,113,237 582,979 1,093,205 1^,33? 657,791+ 339,1162 2i|i+,190 l,U07,i+92 2t>7,1+55 l?o,C06 236,*>73 120,930 616,005 Hold by Federal Reserve Bank 316,163 I0,li27 67,131 1C, 1C7 21,970 17,7-46 19,967 35,722 15,0?C 5,Of6 11,355 12,790 53,952 In actual circulation 6,797,121; 564,562 l,C06,15k 1*60,151 655,321+ 321,716 22it,223 1,1+53,770 251,563 173,750 225,210 10£-,lljC 5&1+.053 Collator..1 hold by agent as cocur ity for notes issued to b';nk: G-old cortificatcs on hand and due fron U.S. Treasury 7,21+3,500 590,000 1,910,000 500,000 660,000 370,000 250,CCC 1,5CC,C0C 279,0CC 179,000 2^0,000 126,5C0 639,000 Eligible paper ‘ 3,037 93 2,fUtl 106 — 0 ~ — — 215 74 Total collateral 7,2l-|6,537 590,093 1,912,51+1-500,1 C6 66C,00C 37C,C'^C 250,ore 1,5CC,CCC 279,C0C 179,215 2i+C,07l+ 126,50c 639,0CC Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis