H.4.1 Factors Affecting Reserve Balances of Depository Institutions

^porm F* R* 283 STATEKBIT FOR THE PPESS Released for publication Board of Governors Friday morning, July 18; of the Federal Reserve System not oariier. July YJ, 19^1 CONDITIO!1 OF TFL FEDERAL RESERVE BAMS During the week ended July 16 member bank reserve balances increased $21?2,000,000* Additions to member bank reserves arose from doorcases of $50,000,000 in money in circulation and vl90,.000,000 in Treasury dopocits with Federal Reserve Banks, and increases c-f vi|.5*000,000 in Reserve Bank credit, vl5*000,000 in p:old stock, and s’5*000,000 in Treasury currency,? offset in part by increases of 518,000,000 in Treasury cash and v36,000,000 in nonmember deposits and other Federal Reserve accounts# Excess reserves of -number banks on July 16 vjovg optima bod to be approximately C5,3^-J-O,000,000, an increase of v220,000,000 for the week# Changes in member bank reserve balances and related items during the week and the your ended July 16, 19lUl were as follows: Increase or decrease since July 16, July 9, July 179 I9I1I I9I4I !9U0_ (In millions of dollars) Bills discounted 2 - 1 — TJi S. Government direct obligations 2,179 -261+ U. S.Government guaranteed obligations 5 — *• - 2 Industrial advenoos (not including 12 million commitments-July 16) 10 + 1 + 1 Other Reserve Panic crodit 98 +1j6 + 58 Total Reserve Bank credit 2,29k +1+5 -207 Gold stock 22,655 +15 +2,399 Treasury currency 3,157 + 5 +lijl Member ban]: reserve balances 13,223 +252 -61+0 i’onoy in circulation 9,61+5 -50 +1,773 Treasury cash 2,309 +18 +110 Treasury deposits with F* li. Banks 849 -190 +571 Nonmember dois os its and other F.R. accounts 2,061 +36 +521 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. It. 283-0. Released for publication Friday mornin^, July 18, 194l; not earlier. STATEJ'EFT OF CONDITION OF THE TWELVE FEDERAL RESERVE BA.MS COKBINED (In thousands of dollars) Increase or decrease since July 16, July 9, July 17, 191+1 191*1 1940 A S S E T S Gold certificates on han<i and duo from U* S, Treasury 20,307,532 - 2,999 +2,279,054 Redemption fund - F. R. notes 12,186 + 1,633 + 1,833 Other cash 283,282 + 31,003 - 84,357 Total reserves 20,603,000 29,637 +2,196,530 Bills discounted? Secured by IT. S. ^ov*t obligations, direct and guaranteed 930 938 + 162 Other bills discounted 1,366 - 123 - 73 Total bills discounted 2,296 - 1,061 89 Industrial advanoes 9,807 + 455 + 689 • U. S. Government securitios, direct ar.d guaranteed: Bonds 1,363,800 + 40,604 •mmm Notes 620,300 • 306,432 Total U. S. Government securities, -r..^ct and' fuaran-fceocl 2,184,100 — «* 265,828 Tr.-cal bills and securities 2,196,203 - 606 - 265,050 D\i3 from foreign banks — — 47 F. P. notes of othor banks 30,130 + 627 + 6,522 Tncollcct'-d items +22^916 + 330,194 1,120,507 Eank prenisos 269 996 4o,li44 «• Other assets 45,896 613 10,218 2^,036,227 +255,456 +2,256,982 TOTAL ASSETS L I A D I L_I T JMS S F. R. notes in actual circulation 6,774,078 - 23,0li6 +1,543,719 Deposits: V'smter b&rk-rsserve account 13,223,032 +251,955 - 639,987 U* S. Treasurer-General account 84?, 712 -189,173 + 570,977 Foreign 1,185,116 ~ 6,459 + 384,680 Othor deposits 607,199 + 42,718 + 109,114 Total dopesits 157864,719 + 99,o4l + Ii24,784 Doiii ’ied availability ihctns 1,022,766 +179,402 + 272,371 Oth-.sr liabilities including accrued dividends 2,115 114 + b25 TOTAL LIAPILITIL'S 23j6b3>Cy78 "^55,283 +2,241,299 C- A ? I T A L A C C 0 IT V T S vapitui 3.5 id in 140,797 + 219 + 3,346 Suv'v.5 iZ rtion 7) 157,065 — + 5,345 S". jmu.. (Section ljo) ?6/;85 Oth-r cnpic?l accounts 47,°02 + 7,'¿4 TOiAL LIABILITIES A™) CAPITAL ACCOUNTS 2l+,oS6',227 +255,456 +2,256,982 Ratio of total reserves to deposit and A. note lit.Mlities combined 91.0$ • • £ O . a /0 f + 2.($ — Commitments to make industrial advances 11,950 482 + 3-339 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. H. 283-b STATEMENT CF CONDITION 0? THE FEDE?J'.L RESLIVi: BANKS CH JULY 16, l$4l (ln thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich» Atlanta Chicago St.Louis Finn. Xans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S.Treasury 20,307,532 1,214,415 8,779,562 1,201,628 1,564,028 692,026 4-74,115 3,360,120 550,410 539,855 465,c44 32';,178 1,34-:,151 Redemption fund-F.R.notes 12,186 154 1,810 402 862 1,761 687 1,655 1,015 603 560 794 1,605 Othor cash 283,282 23,644 66,057 19,033 21,003 15,4-31 22,572 35,105 17.979 5,574 12,769 13,907 50,208 Total reserves 20,603,000 1,238,213 8,84-7,429 1,221,14-3 1,585,895 709,218 4-97,374- 3,596,880 569,4-02 34o,052 4-76,373 358,879 1,576,164- Bills discounted: Secured by U«S.Gov’t obligations, diroct and .guaranteed 930 47 515 80 100 — — 5C — 40 27 46 25 Other bills discounted 1,366 — 790 46 22 — * 38 — — 169 87 20i+ 10 Total bills discounted 2,296 4-7 1,305 126 122 — 38 50 — 2C9 114- 250 35 Industrial advances 9,807 1,009 1,533 3,522 323 818 175 1*02 ~ 448 1,129 274 174- U•S.Government securities, direct and ruaranteed: Bonds 1,363,800 99,286 384., 115 107,301 141,895 74,720 57,484 166,099 65,886 38,477 66,280 53.-594 107,765 Notos 820,300 59*719 251,056 64,541 85*548 44,943 34,577 loo,446 39,^30 23,144 39,864 5-,235 ¿4,317 Total U. S. Gov't securities, direct and guaranteed 2,184-, 100 159*005 615,14.9 171,842 227,24-5 119,663 92,061 267,445 105,516 61,621 106,144- 85,329 172,582 Total bills and securities 2,196,203 160,061 617,987 175,49c 227,688 120,481 92,274 267,897 105,516 62,278 107,387 86,355 172,791 Due from foreign banks 4-7 3 18 5 4 2 2 1 * 1 1 4 F. P. notes of other banks 30,130 1,083 3*646 1*915 1,483 0,654 2,745 3,011 1,874 1,417 1,949 965 5,588 Uncollected items 1,120,507 120,204. 265*586 76,448 148,629 P],64o 39,98? 164.-893 64,‘¡-63 26,603 4-3,6f 4 54-,250 53,919 Bank premises 4o,444 2,805 10,107 4,766 4-, 5i> 2,687 1,970 3,0C7 2,305 1,353 2,948 1,181 2,804 Other assets 4-5,896 3*102 12,090 3,866 5,207 ¿,789 1,925 5,251 2,103 1,357 2,166 2,025 4,015 total ASSETS 24-,036,227 1,525*4-91 9*756,863 1,483,633 1,973,617 923,4-71 636,275 3,84c,945 745,687 439, o4c 631,488 465,634 1,013,085 ♦Less than §500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F# R# 283-c STATIFENT OF CONDITION OF TTTE FEDERAL RESERVE BANKS ON JULY 16, 191+1 (in thousands of dollars) LI A B I L I T I E S Total Boston Nevr York Phila. Clove. Rich. Atlanta Chicago St.Louis Kinn. Kans.Cy. Dallas San Fran* F.R. notes in actual cir­ culation 6,77i+,0?8 561,896 1,792,1+58 1*69,210 636,51+8 520,l*.5li 222,157 1,1+57,066 251,798 172,586 22ii,678 106,802 558,¿£5 Deposits: F ember bank-reserve acct. 13,223,032 707,688 6,386,1*37 699,01*8 975,561 ¿1.11,599 281*,558 1,901,920 325,357 165,902 292,365 21*2,312 83Ù,685 U.S.Trsasuror-General acct. 8i(9,372 62,694 282,567 72,691 69,095 37,217 50,213 123,061 19,576 3k, Iks 2Q,:k5 J2,925 26,837 Foreign 1,185,116 56,227 1*1+9,1+97 lli+,998 109,071 50,979 1+1,1+91+ 11*2,266 55,567 26,082 3U,3tl 3^,381 90,173 Other deposits 607,199 11,371 kS7,0k6 16,815 19,276 6,647 6,572 8,1*52 10,116 7,kk9 2,901 l,7ö8 28,968 Total dopooits 15, 861*,719 837,980 7,605,547 903,550 1,170,801 506,1*1*2 562,1*1*2 2,175,699 1+18,1+16 233,581 353,192 311,1406 980,663 Deferred availability items 1,022,766 99,679 229,930 76,177 131,627 80,322 53,008 l60,ll*9 63,588 23,101 1+0,238 33,761 1*6,186 Other liabilities including accrued dividends 2,115 335 359 161 227 252 59 229 75 78 107 205 48 TOTAL LIABILITIES 23,663,678 1,1*99,890 9,626,29*4- 1,1*1*9,098 1,939,205 907,1*70 622,61ìó 3,793,11*5 735,877 1*29,31+6 623,215 1+52,174 1,585,322 C A F I T A L C C -0 U w T S Capital paid in 11*0,797 9,352 51,637 11,921 ik, 515 5,1*95 i*,830 15,131+ l+,352 2,999 i+,5l+5 l+,278 11,761 Surplus (S3ction 7) 157,065 10,906 56,1; >*? 15.1I4I+ 1!4, 325 5,21*7 5,725 22,82 k h,?25 5,152 5,613 3,971+ 10,785 Surplus (Section 13b) 26,785 2,8?1* 7,070 l+,593 1,007 3,2^4 713 l,lj29 535 1,000 1,138 1,263 2,121 Other capital accounts 1*7,902 2,1*69 13,1+15 5,077 l+,569 2,015 2,359 8,1+15 2,020 2,5i*5 1,979 l,9l+5 3,096 TOTAL LIABILITIES AKD c:j»ital ACC0U1TTS 2l+, 036,227 1,525,U91 9,756,863 1,1*83,655 1,975,617 925,1*71 656,275 5,81*0,91*5 71+5,687 1+39,01+0 65U,i+88 1*65,651* 1,615,085 Commitments to make industrial advances 11,950 1,521 1,528 2,205 1,570 779 1+9 2 5I+7 31 269 39 3,612 MATURITY DTS'TTRUT 10;'OF BIILS 'lïï) SECURITIES ’»'/it hin 16 to 51 to 01 to 91 days to 6 Months 1 Year 2 Years to Over Total T — , £ A-fi' 0 irp, 50 days 60 d'-.ys 90 days 6 months to 1 Year to 2 Years 5 years 5 years Bills discounted 2,296 1,752 122 1*2 105 295 — — . — — Industrial advances 9,807 1,515 75k 181 1,386 869 1,398 1,1+16 2,288 — U.S. Government securities, direct and guaranteed 2,184,100 — — 1*3,000 8l+,800 238,700 581*, 000 .1,233,600 wmwm mmmm Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F# K* 283-d FEDERAL RESET;VE NOTE ST'.TEJ” T,T OF JULY 16, 194l (in thousands of oilers) Total Boston Nqt; York Phi la» Clovs* I ich* Atlanta Chicago St.Louis Finn. Kans.Cy. Dallas San Fran* Federal Reserve notes: Issuod to F.E.Bank by F.R.Agent 7,138,328 590,0^6 1,091*,978 487,947 660,21? 3^,588 247,182 1,490,292 267,690 177*929 235*490 121,2o7 b22,o92 Hold by Federal Hosorve Bank 364*250 28,160 102,520 18,737 23,669 22,134 25,025 33*226 15*892 5*343 10,812 14,465 64,267 In actual circulation 6,774,078 561,896 1,792,458 469,210 636,548 320,454 222,157 1,457*066 251,798 172,5C0 224,678 ICj,802 55^,¿¡25 Collateral hold by agent as se­ curity for notes issued to bank: Gold certificates on hand and duo from U. S. Treasury 7,293,500 615,000 1,910,COO 500,000 665,000 570,000 250,000 1,520,000 279*000 179,000 240,000 126,500 639*000 Eligible paper 1,801 47 i*3C5 126 — — — — — 209 114- Total collateral 7,295*301 615,047 1,911*305 500*126 665,000 370,000 250,000 1,520,000 279*000 l'79,209 2Ù0,114 126,500 639*000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis