H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Fora F. R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, August 15; of the Federal Reserve System not earlier. August 1-4, 19-41 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 13 member bank reserve balances declined $3,000,000. Reductions in member bank reserves arose from increases of ¿£9,000,000 in Treasury deposits with Federal Reserve Banks and $16,000,000 in Treasury cash, offset by decreases of 449,000,000 in nonmeaber deposits and other Federal Reserve accounts and $3,000,000 in money in circulation and by increases of $21,000,000 in gold stock, $16,000,000 in Reserve Bank credit and $3,000,000 in Treasury currency. Excess reserves of member banks on August 13 v/ere estimated to be approximately $5,030,000,000, an increase of $10,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended August 13, 19-41, were as follows* Increase or decrease since Aug. 13, Aug. 6, Aug. 14, 1941 1941 1940 (In millions of dollars) Bills discounted 10 + 5 + 7 U. S. Government direct obligations 2,179 260 - U. S. Government guaranteed obligations 5 2 — Industrial advances (not including 13 million commitments - August 13) 9 — Other Reserve Bank credit 44 + 12 + 6 Total Reserve Bank credit 2,247 + 16 248 •mm Gold stock 22,703 + 21 +2,014 Treasury currency 3,172 + 3 + 145 Member bank reserve balances 12,948 - 3 - 392 Honey in circulation 9,792 - 3 +1,848 Treasury cash 2,361 + 16 + 80 Treasury deposits with F, R.Banks 919 + 80 - 21 Nonnenber deposits and other F. R. accounts 2,103 — 49 + 397 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fom F. ?.. 283~a Released for publication Friday morning, August 15,1941; not earlier. STATEMENT OF COUDITION OF THE TWELVE FEDERAL RESERVE DANKS COMBINED (In thousands of dollars) Increase or decrease since Aug. 13, Aug. 6, Aug. 1-4, 1941 1941 1940 A S S E T S Gold certificates on hand and due from U, S. Treasury 20,300,529 - 2 +1,912,549 Redemption fund - F. R. notes 16,657 — ■ + 4,706 Other cash 279.984 + 11,741 - 82,082 Total reserves 20,597,170 + 11,739 +1,835,173 Bills discounted: Secured by U. S. Gov’t obligations, direct and guaranteed 5,462 + 3,714 + 4,450 Other bills discounted 4,500 4“ 859 + __2*565 Total bills discounted 9,962 + 4,573 + 7,015 Industrial advances 9,270 — 178 + 725 U. S. Government securities, direct and guaranteed* Bonds 1,363,800 rrT + 44,604 Notes 820.300 - - 306,432 Total U. S. Government securities, direct and guaranteed 2,184,100 - - 261,828 Total bills and securities 2,203,332 + 4,395 254,088 Due from foreign banks 47 - — F. R. notos ofobher banks 31,467 + 1,377 + 9,788 Uncollected items 1,002,878 +122,395 + 224,254 Bank premises 40,456 + 39 - 951 Other assets 48 *898 + 709 - 9,856 T O T A L A S S E T S 23,924,248 +140,654 +1,804,320 L I A B I L I T I E S F. R, notes in actual circulation 6,906,411 + 2,626 +1,613,608 Deposits * Member baric - reserve account 12,947,724 — 3,703 — 391,863 U. S. Treasurer - General account 919,425 + 80,111 - 20,579 Foreign 1,194,306 - 7,347 + 256,508 Other deposits 621,665 42,023 + 115,198 Total deposits 15,683,120 + 27,038 - 40,736 Deferred availability items 958,777 +110,423 + 217,814 Other liabilities including accrued dividends ......Jkiai + 527 + ... JL40 TOTAL LIABILITIES 23,551,539 +140,614 +1,791,026 c a p i t a l a c c o u n t s Capital paid in 140,933 + 22 + 3,380 Surplus (Suction 7) 157,065 + 5,345 Surplus (Section 13b) 26,785 — - 54 Other capital accounts . 47.926 + IS + 4,623 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,924,248 +140,654 +1,804,320 Ratio of total reserves to deposit and F. R. note liabilities combined 91.2* — + 1.9% Commitments to make industrial advances 13,058 + 24S + 4,688 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 28>-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS Oil AUGUST 13, 194-1 (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 from U.S.Treasury 20*300,529 1,189,678 8,503,174 1,310,471 1,570,557 711,537 491,794 3,380,408 546,366 354,214 481,354 344,337 1,416,139 Redemption fond -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 279,984 20,669 68,615 17,421 20,610 12,225 22,478 40,548 14,397 6,349 12,211 12,915 31,546 Total reserves 20,^97,170 1.215,385 8,573,177 1,329,178 1,591,853 725,339 514,872 3,422,434 561,736 361,146 494,091 353,522 1,449,437 Bills discounted« Secured by U. S. Gov’t obligations, direct and guaranteed 5,462 10 4,870 159 110 25 20 — 47 75 29 117 Other bills discounted 4,500 3,806 21 22 38 154 56 393 10 Total bills discounted 9.962 10 8,676 1Û0 132 25 58 — 47 229 85 510 10 Industrial advances 9,270 1,300 1,184 3,586 339 788 l66 393 462 544 337 171 U. S. Government securities, direct and guaranteed* Bonds 1,363,800 99,286 384,113 107,301 141,895 74,720 57,484 166,999 65,386 38,477 66,280 53,594 107,765 Notes 820,300 59,719 231,036 64,541 35,348 44,943 34,577 100,446 39,630 23,144 39,864 32,235 64,817 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 35,829 172,582 Total bills and securities 160,315 625,009 175,608 227,714 120,476 92,285 267,338 105,563 62,312 106,773 86,676 172,763 Due from foreign banks 47 3 18 5 A 2 2 6 1 * 1 1 A F.R,notes of other banks 31,467 812 2,661 1,818 1,694 9,130 2,914 2,368 2,156 1,689 2,247 911 3,067 Uncollected items 1,002,878 99,198 228,760 68,789 137,843 77,551 37,057 146,891 55,001 24,675 43,739 33,993 49,381 Bank premises 40,456 2,801 10,095 4,823 4.500 2,719 1,966 3,001 2,298 1,350 2,932 1,174 2,797 Other assets 48,898 3? 308 13,149 4,l4l 5.500 2,964 2,011 5,647 2,263 1,412 2,288 2,001 4,214 T O T A L A S S E T S 23,924,248 1,481,822 9,452,869 1,584,362 1,969,108 938,181 651,10? 3,848,185 729,013 452,584 652,071 483,278 1,681,663 *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 FEDERAL RESERVE BANKS ON AUGUST 13, 1941 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta St.Louis Minn. Kans.Gy. Dallas San Fran. Chicago F. R.notes in actual cir­ culation 6,906,411 574,884 1,805,923 481,595 658,327 330,143 228,469 1,479,113 257,103 174,447 231,090 109,068 576,249 Deposits* Member bank-reserve acct•±2,947,724 662,838 6,030,673 789,672 946,186 422,789 288,114 1,876,760 326,879 171,147 295,893 252,813 883,960 U.S.Treasurer-General acct. 919,425 62,900 317,754 72,990 72,656 36,645 3^,132 132,977 34,11.9 43,284 35,268 40,320 32,380 Foreign 1,194,306 54,604 454,319 116,017 110,037 51,430 41,862 143,527 35,802 26,313 34,686 34,636 90,943 Other deposits 621,665 9,652 506,726 17,859 27,071 5,049 6,836 4,865 8,036 6,106 2,443 .1,779 25,238 deposit 15,683,120 789,994 7,309,472 996,538 1,155,950 515,913 374,944 2,158,129 404,916 246,850 368,295 329,593 1,032,521 Deferred availability itens 958,777 90,986 208,095 71,429 120,063 75,786 33,952 162,721 55,027 21,466 41,225 33,012 45,015 Other liabilities including accrued dividends 3,231 358 742 269 347 315 97 406 129 118 143 14-3 164 TOTAL LIABILITIES 23,551,539 1,456,222 9,324,232 1,549,831 1,934,687 922,157 637,462 3,800,369 717,175 442,381 640,753 471,321 1,653,949 C A P I T A L A C C O U N T S Capital paid in 140,933 9,351 51,670 11,913 14,526 5,53-4 4,837 15,173 4,344 3,002 4,545 4,281 11,757 Surplus (Section 7) 157,065 10,906 56,447 15,144 14,323 5,247 5,725 22,324 4,925 3,152 3,613 3,974 10,785 Surplus (Section 13b) 26,785 2,374 7,070 4,393 1,007 3,244 713 1,429 533 1,000 1,138 1,263 2,121 Other capital accounts 47,92.6 2,469 13,450 3,031 4,565 1,999 2,370 3,390 2,041 2,549 2,022 1,939 3,051 TOTAL LIABILITIES USD CAPITAL ACCOUNTS 23,9; +52,869 1,584,362 1,969,108 938,181 651,107 3,343,185 1729,018 452,584 652,071 433,276 1,=581,663 Connitnents to Hake industrial advances 13,05£ 1,217 1,526 2,193 970 773 899 252 706 29 852 105 3,536 MATURITY DISTRIBUTION OF BILLS AIID SECURITIES Within 16 to 31 to 6l to 91 days to 6 nonths 1 Year 2 Years to Over Total 15 days 30 days 60 days 90 days► 6 nonths to 1 Year to 2 Years 5 Years 5 Years Bills discounted 9,962 8,172 217 681 737 155 — — — Industrial advances 9,270 1,969 38I 236 620 1,265 1,533 1,>441 1,775 — U. S. Gcvernnent securities, direct and guaranteed 2,3.34,100 _ — — 43,000 84,300 233,>700 584,000 1,233,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FbrroF.R. 283-d FEDERAL RESERVE NOTE STATE ©IT OH AUGUST 13, 1941 (in thousands of dollars) Total Boston Hew York Phila. Oleve. Rich. Atlanta Chicago,St.Louis Minn. Kans.Oy. Dellas San Fran. Federal Reserve notes* Issued to F.R.Bank by F.P.. agent 7,364,905 599,792 1,914,563 497,496 679,739 353,112 243,064 1,514,973 274,995 179,745 241,732 121,763 633,951 Held by Federal Reserve Bank 350,574 24,908 103,640 15,901 21,412 22,969 19,595 35,065 17,392 5,293 10,692 12,700 62,702 In actual circulation 6,906,411 574,334 1,005,923 431,595 653,327 330,143 223,469 1,479,113 257,103 174,447 231,090 109,063 576,249 Collateral held by agent as se­ curity for notes issued to bank* Gold certificates on hand and due from U. S.Treasury 7,332,000 615,000 1,920,000 510,000 630,000 370,000 255,000 1,540,000 239,000 131,000 245,000 123,000 649,000 Eligible paper 9,253 10 0,677 130 — 25 — — 47 229 85 — — Total collateral 7,391,253 615,010 1,928,677 510,180 680,000 370,025 255,000 1,540,000 289,047 181,229 245,085 128,000 649,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis