H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F.R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, August 8; of the Federal Reserve System not earlier, August 7, 1941 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 6 member bank reserve balances decreased $146,000,000* Reductions in member bank reserves arose from increases of $98,000,000 in money in circulation, $15,000,000 in Treasury cash, and $116,000-000 in nonmeniber deposits and other Federal Reserve accounts and a decrease of $14,000,000 in Reserve Bank credit, offset in part by a decrease of $82,000,000 in Treasury deposits with Federal Reserve Banks, and increases of $9,000,000 in gold stock and $6,000,000 in Treasury currency. Excess reserves of member banks on August 6 were estimated to be approximately $5,020,000,000, a decrease of $140,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended August 6, 1941, were as follows* Increase or decrease since Aug. 6, July 30, Aug. 7, 1941 1941 1940 (In millions of dollars) Bills discounted 5 — + 2 U. S. Government direct obligations 2,179 — - 260 U. S. Government guaranteed obligations 5 *“* 2 Industrial advances (not including 13 million commitments — August 6) 9 - 1 Other Reserve Bank credit 32 - 14 4. 19 Total Reserve 3r:.nk credit 2,231 - 14 r T 240 Gold stock 22,682 + 9 +2,114 Treasury currency 3,169 + 6 + 144 Member bank reserve balances 12,951 -146 335 Honey in circulation 9,795 + 98 +1,866 Treasury cash 2,345 + 15 + 69 Treasury deposits with F. R. Banks 839 - 82 - 84 Honmenber deposits and other F. R. accounts 2,152 +116 + 503 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

'Fe>rm F. 28>-a Released for publication Friday morning, August 8,194-1 j not earlier, STATEJEKT OF 00HDITI01I OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Aug, 6, July 30, Aug, 7, 1941 1941 1940 1 S S E T S Gold certificates on hand and due iron U. S. Treasury 20,300,531 - 2,002 +2,026,556 Redemption fund - F. R. notes 16,657 386 + 3,804- + Other cash 268,243 - 24,989 - 90,679 Total reserves 20,585,431 - 26,605 +1,939,681 Bills discounted» Secured by U. S. Gov’t obligations, direct and guaranteed 1,748 + 126 + 511 Other bills discounted _ . ._.l*64l ±.. jm + 1,642 Total bills disco\mted 5?3S9 + 829 2,153 + Industrial advances 9,448 - 482 846 + IT. S. Government securities, direct and guaranteed* Bonds 1,363,800 44,604 + KO*G6S 820,300 — - 306,432 Total U. S. Government securities, direct and guaranteed 2,184,100 — - 261,828 Total bills and securities 2,198,937 347 - 258,829 + Due from foreign banks 47 — — F. R. notes of other banks 30,090 3,752 7,296 + + Uncollected items 880,483 942 + 266,44:5 Bank premises 40,4-17 + 21 990 Other assets _ + 588 -,. ,.9^j4 T O T A L A S S E T S 23,753,594 - 22,839 +1,944,269 L I A B I L I T I E S F. R. notes in actual circulation 6,903,785 + 74,603 +1,622,859 Deposits* Member bahkr^reserve account 12,951,427 -145,513 - 334,434 U, S. Treasurer — General account 839,314 - 81,741 - 84,080 Foreign 1,201,653 + 57,622 + 308,096 Other deposits 663,688 + 59,277 + 170,891 Total deposits 15,656,082 -110,355 + 60,473 Deferred availability items 848,354 + 13,322 + 24-7,306 Other liabilities including accrued dividends .... ?-^04 ....129 + 244 TOTAL LIABILITIES 23,410,925 - 22,759 +1,930,882 2 A L I I A k S C O O T S Capital paid in 140,911 + 17 + 3,368 — Surplus (Section 7) 157,065 + 5,345 Surplus (Section 13b) 26,785 — 54 Other capital accounts 47,908 97 + 4,728 TOTAL LIABILITIES AIJB CAPITAL ACCOUNTS 23,783,594 - 22,839 +1,944,269 Ratio of total reserves to deposit and 7. note liabilities combined 91.256 — + 1.95S Commitments to make industrial advances 12,810 + 1,113 + 4,379 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-b STATEMENT OF CDNDITIOH OF THE FEDERAL RESERVE BANKS Oil AUGUST 6, 1941 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans*Cy. Dallas San Fran. Gold certificates on hand and due fron U.S.Treasury 20,300,531 1,184,358 8,606,225 1,269,140 1,593,691 694,827 480,357 3,351,111 548,512 352,438 485,092 348,601 1,386,179 Redemption fund-F.R.notes 16,657 5,038 1,388 1,286 686 1,577 600 1,478 973 583 526 770 1,752. Other cash 268,24-3 20,868 63,855 19,063 15,590 15,334 23,551 37,746 15,448 5,891 10,140 10,659 30,098 Total reserves 20,585,431 1,210,264 8,671,468 1,289,489 1,609,967 711,738 504,508 3,390,335 564,933 358,912 495,758 360,030 1,418,029 Bills discounted* Secured by U.S,Gov*t obligations, direct and guaranteed 1,748 37 1,170 ISO 110 — 20 — 25 61 29 91 25 Other bills discounted 3,641 — 2,971 63 22 — 38 — — 162 56 319 10 Total bills discounted 5,389 37 4,141 243 132 58 — 25 223 85 4-10 35 Industrial advances 9,448 1,300 1,184 3,583 342 795 167 365 — 445 759 337 3.71 U.S.Government so cor ities, direct and guaranteed* Bonds 1,363,800 99,286 57,484 166,999 65,886 38,477 66,280 53,594 Notes 820,300 59,719 231,036 64,541 34,577 100,446 39,630 23,144 39,864 3-2,235 Total U. S. Gov*t securities, direct and guaranteed 2,184,100 159,005 615,149 171,842 227,243 119,663 92,061 267,445 105,516 61,621 106,144 85,329 172,582 Total bills and securities 2 2^ ^ 1 9 .9 8 8 , , 9 9 3 3 7 7 160,342 620,474 175,663 227,717 120,458 92,286 267,810 105,541 62,239 X -t \/v^ p O >'O p o '1 86,576 172,788 Due iron foreign banks 47 3 18 5 4 2 2 6 1 * 1 1 4 F. R. notes of other banks 30,090 1,075 2,481 1,599 1,838 8,463 2,258 2,329 2,552 817 2,364 991 3,323 Uncollected items 880,483 87,512 208,811 64,054t 102,804 66,993 32,167 138,294 42,895 19,708 40,119 28,961 48,165 Bank premises 40,417 2,801 10,088 4,823 4,500 2,687 1,966 3,001 2,298 1,350 2,932 1,174 2,797 Other assets 48,189 3,256 12,747 4,04-9 5,415 2,924 2,022 5,612 2,220 1,407 2,282 2,065 4,190 T O T A L A S S E T S 23,783,594 1,465,253 9,526,087 1,539,687 1,952,245 913,265 635,209 3,807,387 720,440 444,483 650,444 479,793 1,649,296 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

|>rn F* R. 28>-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BALTICS Oil AUGUST 6, 1941 (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 Minn, Kans.Cy, Dallas San Fran, , R. notes in actual cir— juTation 6,903,785 574»122 1,820,012 477,163 652,013 326,988 229,779 1,476,257 256,504 174,321 230,659 110,474 575,493 spofdtsl ienber bank-reserve acct.12,951,427 668,545 6,124,094 762,208 950,139 421,588 280,880 1,859,214 327,450 169,974 293,850 247,759 845,726 J.S,Treasurer-General acct, 839,314 56,052 271,072 62,885 78,281 28,022 32,252 111,694 35,415 39,516 37,647 44,851 41,627 foreign 1,201,653 55,463 460,834 116,017 110,037 51,430 41,862 143,527 35,882 26,313 34,686 34,686 90,916 jtrier deposits 663,688 11,607 545,3^4 16,226 28,369 5,269 7,173 4,598 8,599 6,557 3,187 2,246 24,513 )tal deposits 15.656.082 791,667 7,401,344 957,336 1,166,826 506,309 362,167 2,119,033 407,3^6 242,360 369,370 329,542 1,002,782 iferred availability itens 848,354 73,567 175,560 70,427 98,666 63,642 29,542 163,964 44,635 17,993 38,979 28,204 43,175 I. her liabilities including •iccrued dividends 2,704 301 575 224 320 300 78 322 111 105 124 123 121 DTAL LIABILITIES 2.3,410,925 1,439,657 9,397,491 1,505,150 1,917,825 897,239 621,566 3,759,576 708,596 434,779 639,132 468,343 1,621,571 C A P I T A L A C C O U N T S Mpital. paid in 140,911 9,351 51,648 11,921 14,526 5,531 4,836 15,171 4,344 3,001 4,545 4,280 11,757 urplus (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 urplus (Section 13b) 26,785 2,874 7,070 4,393 1,007 3,244 713 1,429 533 1,000 1,138 1,263 2,121 ther capital accounts 47,908 2,465 13,431 3,079 4,564 2,004 2,369 8,387 2,042 2,551 2,016 1,938 3,062 OTAL LIABILITIES AND CAPITAL ACCOUNTS 23,783,594 1,465,253 9,526,087 1,539,687 1,952,245 913,265 635,209 3,807,337 720,440 444,483 650,444 479,798 1,649,296 onnitnents to nake industrial advances 12,810 1,217 1,526 2,188 973 783 899 252 705 29 638 49 3,551 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 61 to 91 days to 6 nonths 1 Year <! Years to Over Total 15 days 30 days 60 days 90 days 6 nonths to 1 Year to 2 Years 5 Years 5 Years ills discounted 5,3i89 3,783 118 551 776 161 ----- — — — ndustrial advances 9,448 1.929 323 301 938 1,174 1,567 1,435 l,7öl — . S. Government securities, direct and guaranteed 2,184,100 — — 43,000 84,800 238,700 584,0< >0 1,233,600 — Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R.28>-d FEDERAL RESERVE NOTE STATEMENT ON AUGUST 6, 1941 (in thousands of dollars) Total Boston New York Phila. Cleve, Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas Soil Fran. Federal Reserve notes» Issued to F.R.Bank by F.R.Agcnt 7,247,873 602,976 1,911,394 499,683 674,263 350,925 248,073 1,510,076 271,367 180,013 241,441 122,536 635,126 Held by Federal Reserve Bank 344,086 28,854 91,382 22,520 22,250 23,937 18,294 33,819 14,863 5,692 10,782 12,062 59,633 In actual circulation 6,903,785 574,122 1,620,012 477,163 652,013 326,988 229,779 1,476,257 256,504 174,321 230,659 110,474 575,493 Collateral held by agent as se­ curity for notes issued to bank» Gold certificates on hand, and - due fron U. S. Treasury 7,372,000 615,000 1,920,000 510,000 680,000 370,000 255,000 1,540,000 279,000 181,000 245,000 120,000 649,000 Eligible paper 4,711 37 4,l4l 204 — — — — 25 219 85 — — Total collateral 7,376,711 615,037 1,924,141 510,204 680-000 370,000 255,000 1,540,000 279,025 181,219 245,085 128,000 649,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis