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, Aug. 25J of the Federal Reserve System not earlier. August 2C, 1941 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 27 member bank reserve balances decreased $39,000,000. Reductions in member bank reserves arose from increases of $59,000,000 in money in circulation and SS,000,000 in nonmenber deposits and pther Federal Reserve accounts, offset in part by increases of $9,000,000 in Reserve Bank credit and $6,000,000 in gold stock and by a decrease of ¿13¡>000,000 in Treasury deposits with Federal Reserve Banks* Excess reserves of member banks on August 27 were estimated to be approximately $4,990,000,000, a decrease of C70p0CG,000 for the week. Changes in member baiil: reserve balances and related items during the week and the year ended August 27, 1941, were as follows» Increase or decrease since Aug. 27, Aug, 20« Aug. 28, 1941 1941 1940 (In millions of dollars) Bills discounted 10 + 2 + 6 U. S. Government direct obligations 2,179 — - 256 U, S, Government guaranteed obligations 5 1 “r '* 2 Industrial, advances (not including 13 million commitments - August 27) 10 — •f 1 Other Reserve Bank credit 77 + 7 + 51 Total Reserve Bank credit 2,281 + 9 199 •_ Gold stock 22,716 + 6 +x,845 Treasury currency 3,178 L ,lT llf + 144 Llember bank reserve balances 12,998 - 39 518 mm lioney in circulation 9,899 + 59 +1,893 Treasury cash 2,378 + 1 + 87 Treasury deposits with F. P., Banks 772 « 13 - 41 1-ionuember deposits and other F. R, accounts 2,128 + O + 369 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-a .Released for publication Friday morning, August 29,1941; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BJfiJKS COMBINED (in thousands of dollarsO Increase or decrease since Aug. 27, Aug. 20, Aug. 28, 1941 1941 1940 A S S E T S Gold certificates on hand and due iron U. S. Treasury 20,299,532 +1,737,554 Redemption fund - F. R. notes 15,411 818 + 3,585 Other dash 274,705 + 66 - ... 73,685 Total reserves 20,589,648 752. +1,657,454 Bills di scounted: Secured by U. S. Gov’t obligations, direct and guaranteed 2,407 + 220 + 1,178 Other bills discounted .. J7i2Z2 + 1,871 + _ 1*354 Total bills discounted 10,380 + 2,091 + 6,532 Industrial advances 9,563 23 + 1,010 U. S.Government securities, direct and guarantcedi Bonds 1,363,800 •— + 44,604 Notes 820,300 — - 302,158 Total U.S. Government securities» direct and guaranteed 2,184,100 — - 257,554 Total bills and securities 2,204,043 + 2,068 - 2.50,012 Due from foreign banks 47 — — F. R. notes of other banks 34,235 + 930 + 13,423 Uncollected items 954,42S - 34,365 + 317,844 Bank promises 40,641 — 26 - 723 Other assets 50,220 + 861 - 9,971 T O T A L A S S E T S 23,873,262 - 31,284 +1,738,015 L I A B I L I T I E S F. R. notes in actual circulation 7,006,926 + 54,321 +1,672,686 Deposits: I.Ienber bank - reserve account 12,997,655 - 39,815 — 518,343 U. S. Treasurer — General account 772,074 - 13..270 - 41,020 Foreign 1,152,699 - 50',173 + 162,039 Other deposits __^§9,9iil + 58,093 + 182,835 Total de-posits 15,612,351 — 45,165 - 214,489 Deferred availability items 877,919 - 40,926 + 266,895 Other liabilities including accrued dividends _____2zll5 + 384 + _____31 TOTAL LIABILITIES 23,500,511. - 31,386 +1,725,123 CAP I T AL ACCOUI i TS Capital paid in 140,942 + 74 + 3,360 Surplus (Section 7) 157,065 — + 5,345 Surplus (Section 13b) 26,785 — - 54 Other capital accounts 47,959 +____28 + 4,241 TOTAL LIABILITIES AIJD CAPITAL ACCOUIITS 23,873,262 - 31,284 +1,738,015 Ratio of total reserves to deposit and F. R. note liabilities combined 91.0& - .1% + 1,6% Commitments to make industrial advances 12,928 - 150 + - 4,69C Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form if. E. 283-b STATEMENT OF CONDITICI! OF THE FEDERAL RESERVE BANKS Oïl AUGUST 27, 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 from U. S. Treasury 20>299,532 1,149,147 8,560,200 1,298,225 1,617,792 712,004 480,640 3,369,114 546,486 348,845 469,592 329,429 1,418,058 Redemption fund - F.R.notes 15,411 4,943 1,021 1,125 530 1,496 519 1,322 937 566 497 747 1,708 Other cash 274,705 23,596 65,4-86 17,365 18,350 11,786 23,603 39,764 15,556 5,315 12,635 11,515 29,734 Total reserves 20.589,648 1 „177,686 8,626,707 1,316,715 1,636,672. 725,286 504,762 3,410,200 562,979 354,726 482,724 341,691 1,449,500 Bills discounted» Secured by U. S. Gov11 oblig..itions, direct and guaranteed 2,407 10 1,695 78 100 185 20 — 27 75 23 144- 50 Other bills discounted 7,973 — 7,107 34 4o 9 45 24 56 97 64 482 15 Total bills discounted 10,380 10 8,802 112 140 194 65 24 S3 172 87 626 65 Industrial advances 9,563 1,297 1,183 3,735 321 817 165 369 — 457 721 333 165 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 65,886 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. GovJt 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 85,829 172,582 Total bills and securities ?,204,043 160,312 625,134 175,689 227,704 120,674 92,291 267,838 105,599 62,250 106,952 86,788 172,812 Due from foreign banks 47 3 10 5 4 2 2 6 1 * 1 1 4 F. R. notes of other banks 34,235 1,218 3,278 1,906 1,574 11,106 2,461 2,066 2,259 1,085 2,926 435 3,121 Uncollected items 954,428 93,657 244,049 64,001 118,852 77,093 34,235 136,134 46,570 25,453 36,697 2.8,024 49,663 Bank premises 40-641 2,801 10,280 4,827 4,488 2,740 1,963 2,997 2,298 1,350 2,932 1,174 2,791 Other assets 50,220 3,404 13,505 4,235 5,641 3,012 a, ,102 5,849 2,329 1,446 1,998 4,326 T O T A L A S S E T S 23,873,262 1,439,081 9,522,971 1,567,378 1,994,935 939,913 637,816 3,825,890 722,035 446,310 634,605 460,111 1,682,217 *Less than Ô500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

>'orm F. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OU AUGUST 27, 194l (in thousands of dollars) L I A B I L I T I E S Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual cir~ culation 586,418 1,832,555 487,8/(9 669,507 3^4,029 230,158 1,492,561 258,829 177,448 232,933 110,593 584,046 Deposits« 634,729 6,101,787 791,923 U.S.Treasiiror-Goneral aect. 772,074 46,656 247,317 61,058 83,733 23,505 27,779 117,650 35,471 40,942 24,890 33,849 29,224 Foreign 1,152,699 53,001 451,237 109,773 104,115 48,662 39,609 135,802 33,950 24,897 32,819 3-2,819 86,015 Other deposits 689,923 10,300 577,562 16,283 26,684 5,093 9,202 4,4-58 7,2.50 5,882. 2,341 1,086 23,782 Total deposits 15,612,351 744,686 7,377,903 979,037 1,183,334 505,156 362,355 2*125,954 404,694 237,651 353,065 311,030 1,026,678 Deferred availability items 877,919 82,029 183,027 65,654 107,236 74,361 31,549 159,305 46,532 21,300 36,340 26,861 43,637 Other liabilities including accrued dividends 3,315 330 794 307 353 334 105 371 130 121 150 157 155 TOTAL LIABILITIES 23,500,511 1,413,471 9,394,279 1,532,047 1,960,430 923,880 624,167 3,778-191 710,185 436,608 623,288 440,649 1,654,516 c a p i t a l a c c o u k ■I s Capital paid in 140,942 9,351 51,687 .11,910 14,602 5,530 4,840 15,060 4,348 3,002 4,548 4,285 11,763 Surplus (Section 7) 157,065 10,906 56,447 15,144 14,323 5,247 5,725 22,024 4,925 3,152 3,613 3,974 10,785 Surplus (Section 13b) 26,785 2,874 7,070 4,393 1,007 3,244 713 1,429 533 1,000 1,13c 1,263 2,121 Other capital accounts 47,959 2,479 13,488 3,084 4,573 2,004 2,371 8,378 2,044 2,548 2,018 1,940 3,032 TOTAL LI .ABILITIES AND CAPITAL accounts 23 5873,262 1/39,081 9,522,571 1,567,378 1,994,935 939,913 637,816 3,825,890 722,035 446,310 634,605 460,111 1,682,217 Oonnitnents to make industrial advances 12,928 1,214 1,524 2,050 1,259 769 899 252 713 28 697 105 3,418 MATURITY DISTRIBUTION OF BILLS AIJD SECXITIES Within l6 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 months to 1 Year to 2 Years 5 Years 5 Years Bills discounted 10,380 7,212 1,481 683 906 96 2 ------ —— Industrial advances 9,563 2,202 343 242 898 1,160 1,517 1,658 1,543 — U. S. Government securities, direct tuid guaranteed 2,184,100 43,000 84,800 238,700 584,000 :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 013 AUGUST 27, 1941 (in thousands of dollars) Total Boston Hew York Phila, Cleve, Rich. Atlanta Chicago St.Louis Minn. Kans.Cy* Dallas San Fran. pederal Reserve notes* Issued to F.R.Bank by F.R.Agent 7,362,287 611,474 1,918,459 509,165 692,105 364,560 258,411 1,532,197 279,009 182,737 244,076 122,451 647,593 Held by Federal Reserve Bank 355,361 25,056 ' 85,904 21,316 22,598 2.0,531 28,253 39,636 20,180 5,339 11,143 11,858 63,547 In actual circulation 7,006,926 586,418 1,832,555 487,849 669,507 344,029 230,158 1,492,561 258,829 177,448 232,933 110,593 584,046 Collateral held by agent as se­ curity for notes issued to bank* Gold certificates on hand and due from U. S.Treasury 7,490,000 635,000 1,920,000 520,000 695,000 385,000 265,000 1,560,000 289,000 184,000 250,0’ 128.000 659,000 Eligible paper 9,281 10 8,717 93 — 185 — — 27 168 1,1 — — Total collateral 7,499,281 635,010 1,928,717 520,093 695,000 385,185 265,000 1,560,000 289,0.27 184,168 250,081 128,000 659,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis