H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR TPE PRESS Reloaded for publication Board of Governors Friday morning, August 22j of the Federal Reserve System not earlier. August 21, lÇ-iU CONDITION OF THE FEDERAL RESERVE B:\NKS During the week ended August 20 member bank reserve Lalaneos increased $69,000,000« Additions to member bank reserves arose from u decrease of $13^4» 000,CCC in Treasury deposits with Federal Reserve Banks and from in­ creases of $25*000,000 in Reserve Ba.nl: credit, $7*000,000 in gold stock and $6,000,000 in Treasury currency, offset in part by increases of $40,CCC,COO in money in circulation, $17,CC0,CCC in nonmember deposits and other Federal Reserve accounts, and $l6,CCC,0fC in Treasury cash« Exccss reserves of member bonks on August 20 wore estimated to be approximately §5,060,000,000, an increase of §30,000,000 for the week* Changes in member bank reserve balances and related items during the week and the year ended August 20, 19U1, were as follows: Increase or decrease s inc e Aug. 20, Aug. 13 , Aur. 21, 19U U IvUc 19 (In millions of dollars) Bills discounted 8 •» 2 5 U. S# Government direct obligations • 260 2,179 — - U* S. Government guaranteed obligations 2 5 - - • Industrial advances (not including 13 million commitments - August 2C) 10 + 1 + 1 Other Reserve Bank credit 70 + 26 35 Total Reserve Bank crcdit 2,272 + 25 220 Gold stock 22,71c + 7 +1,910 Treasury currency 3,170 + 6 + li(C Member bank reserve balances + 302 13,037 09 Money in circulation 9,Oi+o + kB +i,e6ii- Treasury cash + 16 + 86 2,377 Treasury deposits with F# R# Banks 785 - 13 k - 10k Nonmember deposits and other F# R# accounts 2,120 + + 17 373 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F. R, 2S>*a Released for publication Friday morning, August 22,194-1; not earlier# STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BARKS COMBINED (in thousands of dollars) Increase or decrease since Aug. 20, Aug* 13? Aug. 21, 1941 1941 1940 A S S E T S Gold certificates on hand and due from U. S. Treasury 20,299.532 - 997 +1,812,554 Redemption fund - F. R. notes 16,229 - 420 + ¿4-* 1+03 Other cash 271*639 - 5,31+5 - 79,1+17 Total reserves 20,59^,40? - 6,770 +1,737,51+0 Bills discounted* Secured by U. S. Gov’t obligations, direct and guaranteed 2,187 - 3,275 + 1,068 Other bills discounted 6,102 + 1,602 U, 163 Total bills discounted + 8,289 - 1,673 5,231 Industrial advances 9,506 + 316 + 1,025 U* S. Government securities9 direct and guaranteed* Bonds 1,363,800 -- l+l+,6cl+ Notes 820,300 — - 306,1+32 Total U, S.Government securities, direct and guaranteed 2,184,100 — 261,828 Total bills and securities 2,201,975 - 1,357 • 255,572 Due from foreign banks — 47 F. R. notes of other banks 33,305 +1,838 + 13,261+ Uncollected items + 908,793 -14,005 327,1+71+ Bank premises 40,667 + 211 - 728 Other assets 49,359 + 1+61 - 9,967 T O T A L A S S E T S 23,90l+, 5b6 -19,7C£ n,,812;Oil L I A B I L I T I E S F. R. notes in actual circulation 6,952,605 +l<6,19l+ +l,6l£,666 Deposits* Member bank - reserve account - 13,037,470 +89,7l46 381,21+8 U. S. Treasurer - General account - 785,3144 -13l+, 081 103,930 Foreign 1,2C2,C72 + 8,566 239,9141+ Other deposits 631,83c +10,165 + 109,233 Total deposits 15,657,516 -25,6ol+ «» 136,001 Deferred availability items + 918,0U5 -39,932 292,299 Other liabilities including accrued dividends 2,931 30 0 35 TOTAL LIABILITIES 23,531,&97 -19,6142 +1,798,999 C A P I T A L AC C0 .U NT S Capital paid in + 11+0,868 65 3,306 Surplus (Section 7) + 157,065 5,3l+5 Surplus (Section 13b) «... - 26,785 5l+ Other capital accounts + 1+7,931 + 5 4,1+15 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,90l+, 5I46 -19,702 +1.,812,011 Ratio of total reserves to deposit and F. R. note liabilities combined 91» 1% - .l% + 1.8^ Commitments to make industrial advances 13,078 + 20 + 4,837 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F.R. 2S-3“b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BARKS OH AUGUST 20, 1941 (in thousands of dollars) A S S E T S Total Boston New York Phila, deve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy.Dallas San Fran. Gold certificates on hand and due from U. S.Treasury 20,299,532 1,169,938 8,564,933 1,299,629 1,603,922 707,191 486,914 3,334,194 542,754 350,402 484,822 330,564 1,424,269 Redemption fluid - F.R. notes 16,229 4,978 1,155 1,181 586 1,898 548 1,378 949 571 508 754- 1,723 Other cash 274,639 20,725 65,161 17,923 17,234 15,594 22,029 39,237 17,052 4,965 12,234 11,797 30,688 Total reserves 20,590,400 1,195,641 8,631,249 1,313,733 1,621,74? 724,683 509,491 3,374,809 560,755 355,938 497,564 345,115 1,456,680 Bills discountedi Secured by U. S. Gov*t obligations, direct and guaranteed 2,187 10 1,420 195 100 175 20 — 47 75 ■15 130 -- Other bills discounted 6,102 — 5,415 16 22 — 38 50 98 46> 407 10 — Total bills discounted 8,289 10 6,835 211 122 175 58 97 173 61 537 10 Industrial advances 9,586 1,297 1,184 3,676 337 819 166 396 «... 463 747 333 168 U. S. Government securities 9 direct and guaranteed* Bonds 1,363,800 99,286 384,113 107,301 141,395 74,720 57,484 166,999 65,886 38,477 66,280 53,594 107,765 Notes 820,300 59.719 231,036 64,541 85,348 44,943 34,577 100,446 39,630 23,144 39,864 32,235 64,817 Total U. S. GovH securities» direct and guaranteed 2,184,100 159,005 615,149 171,842 227,243 119,663 92,061 267, ¿»45 105,516 61,621 106,141+ 85,829 172,582 Total bills and securities 2,201,975 160,312 623,168 175,729 227,702 120,657 92,285 267,341 105,613 62,257 106,952 86,699 172,760 Due from foreign banks 47 sz 18 5 4 2 2 6 1 # l 1 4 F. R. notes of other banks 33,305 1,131 2,311 1,927 2,314 9,813 2,534 2,665 2,000 7 89 3,079 750 3,992 Uncollected items 980,793 102,876 234,610 73,413 113,504 79,367 36,1^42 14-0,426 49,363 27,011 41,090 33,932 57,059 Bank premises 40,667 2,801 10,280 4,837 4,488 2,743 1,966 3,oo.i 2,298 1,350 2,932 1,174 2,797 Other assets 49,359 3,354 13,161 4,177 5,546 2,947 2,070 5,776 2,304 1,431 2,332 1,977 4,282 T O T A L A S S E T S 23,904,546 1,1)66,118 9,514,797 1,578,821 1,975,302 940,212 644,490 3,794,524 722,334 448,77o 653,950 ^67,648 1,697,574 ♦Less than $5^0 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. ri, 2S>-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH AUGUST 20, 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. F. R. notes in actual cir­ culation 6,952*605 578,592 1,,820,200 484,632 660,438 337,686.229,554 1,486,813 256,705 175,567 233,093 109,608 577,717 Deposits* Member bank—reserve acct. 13,037,1470 650,391 6,113,003 787,523 968,545 416,263.284,867 1,892,612 327,620 165,902 296,743 2142,117 891,884 U.S.Treasurer-General acct. 785,31-44 55,236 269,506 60,979 67,985 37,351 33,049 78,760 31,337 43,334 36,543 36,497 3^,767 Foreign 1,202,872 54,202 470,073 114,872 108,950 50,922 4i,448 142,109 35,527 26,053 34,343 34,343- 90,030 Other deposits 631,830 11,306 509,995 23,070 27,108 4,832 8,0146 5,001 7,622 5,889 2,311 l,6o4 2i+,986 Total deposits 15,657,516 ,.771,135 7,362,577 986,1444 1,172,586 509,368 367,410 2,118,482 402,106 241,178 369,940 314,621 1,041,667 Deferred availability items 918,845 90, ¿«69 202,649 72,954 107,573 76,812 33,791 141,152 49,565 22,226 39,1485 31,826 50,343 Other liabilities including accrued dividends 2,931 319 696 258 275 304 89 372 114 102 135 133 134 TOTAL LIABILITIES 23,531,897 1,440,515 9»,386,122 1,544,288 1,940,874 924,170 630,844 3,7146,819 710,490 439,073 6142,653 456,188 1,669,861 C A P I T A L A C C O U N T S Capital paid in 1140,868 9,351 51,691 11,913 14,526 5,537 4,838 15,069 4,348 3,002 4,545 4,285 11,763 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 3,974 10,785 Surplus (Section 13b) 26,785 2,874 7,070 4,393 1,007 3,2l<4 713 1,429 533 1,000 1,138 1,263 2,121 Other capital accounts 14-7,931 2,14-72 13,467 3,083 4,572 2,014 2,370 8,383 2,038 2,549 2,001 1,938 3,044 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,904» 5*46 1,,¿466,110 9,514,797 1,578,821 1,975,302 940,212 644,490 3,794,524 722,334 1448,776 653,950 ¿467,648 1,697,574 Commitments to make industrial advances 13,078 1,214 1,524 2,111 1,267 769 899 252 706 29 672 105 3,530 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 61 to 91 days to 6 months 1 Year 2 Years to Over Total 15 days 30 days 60 days 90 days 6 months to 1 Year to 2 Years 5 Years 5 Years Bills discounted 8,289 5.562 1,343 721 559 104 «... —— Industrial advances 9,586 2,209 360 256 866 1,141 1,550 1,673 1,531 U. S. Government securities9 direct and guaranteed 2,1014-, 100 —— — • — 43,000 84,800 238,700 584,000 1,233,oOO •mwm Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Porn F. R. 283-d FEDEEAL RESERVE HOTE STATEMENT OK AUGUST 20, 1941 (ln thousands of dollars) Total Boston New York Phila. Cleve, Rieh. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. Federal Reserve notes I , , , Issued tc F.R. Bank by F.R.Agent 7.300,458 605.238 1,905.427 501,397 687,115 359.270 257,208 1,523.549 277,273 160,013 243,916 121,107 636,065 Held by Federal Reserve Bank 347,053 26,646 85,227 16,765 26,677 21,584 27,654 36,736 18,56c 5.2^16 10,0^3 11.579 oO,34& In actual circulation 6,952,605 578,592 1,820,200 484,632 660,430 337.606 229,554 1,486,013 258,705 175.567 233,093 109,600 577.717 Collateral held by agent as se­ curity for notes issued to bank* Gold certificates on hand and due froa U.S.Treasury 7,430,000 615,000 1,920,000 510,000 690,000 305,000 265,000 1,540,000 289,000 104,000 245.000 128,000 659.000 Eligible paper 7,513 10 6,836 211 — 175 — ~ 47 173 61 Total collateral 7.437.513 615.010 1,926,036 510,211 690,000 385,175 265,coc 1,54c,coo 289,047 104,173 245.061 128,oco 659.00C Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis