H.4.1 Factors Affecting Reserve Balances of Depository Institutions

PoHn F* R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Sept. 12; of the Federal Reserve System not earlier. September 11, 19Ul CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 10 member bank reserve balances increased v27U#000,000. Additions to member bank reserves arose from decreases of |i252,000,000 in Treasury deposits with Federal Reserve Banks and ¿'3*000,000 in Treasury cash, and increases of )lU,000,000 in Reserve Bank credit* £11,000,000 in gold stock, and :j5i000,000 in Treasury currency, offset in part by increases of £2,000,000 in money in circulation and *8,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on September 10 were estimated to be approximately ’-5,110,000,000, an increase of „.250,000,000 for the week Changes in member bank reserve balances and related items during the week and the year ended September 10, 19Ul* were as follows* Increase; or decrease since Sept. 10, Sept. 3, Sept. 11 191+1 i%i 19U0 (In millions of dollars) Bills discounted il+ + 2 + 9 U. S. Government direct obligations 2,179 - 21+8 U. S. Government guaranteed obligations 5 2 Industrial advances (not including 13 million commitments - September 10) 10 + 1 Other Reserve Bank credit 1+8 +13 + 10 Total Reserve Bank credit 2,255 + lh Gold stock 22,733 + 11 Treasury currency 3,185 + 5 lember bank reserve balances 13,153 +271+ - ¿+38 Lioney in circulation 10,036 + 2 +1,956 Treasury cash 2,397 + 110 Treasury deposits with F, R. Banks 1+56 - 306 'iJonmembor deposits and other F, R. accounts 2,126 + 3U6 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Foin F.R. 233-a Released for publication Friday morning, Septer.ber 1 194-15 not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Sept, 10, Sept, 3, Sept, 11, 194-1 194-1 1940 A S S E T S Gold certificates on hand and due fron U. S. Treasury 20,297,032 - 2,000 +1,625,733 Redenption fund - F.R. notes 16,386 + 1,21+0 !+, 989 Other cash 262,666 + 26,713 - 78,151+ 20,576,081+ + 25,953 +1,552,568 Bills discounted! Secured by U. S.Gov’t obligations, direct and guaranteed 2,09!+ 103 •f l,ll!+ Other bills discounted 11,511 + 1,289 + 7,253 Total bills discounted 13,605 + 1,186 + 8,367 Industrial advances 9,701 + 20 1,071 U, S, Government securities, direct and guaranteed* Bonds 1,363,800 „ + 1+5,200 Notes 820,300 — - 29!+, 700 Total TJ. S.Government securities, direct and guaranteed 2,18!+, 100 — - 21+9,500 Total bills and securities 2,207,1+06 + 1,206 - 21+6,062 Due from foreign banks h\ ir-. F. R, notes of other banks 33,911 + 1,909 + 15,949 Uncollected items 897,321 - 36,197 190,1+87 Bank premises i+0,6i4l+ + 56 • 666 Other assets 55,195 + 3,831 - 9,922 T O T A L A S S E T S 23,815,608 - 3,21+2 +1,508,351+ L I A B I L I T I E S F. R. notes in actual circulation 7,129,9U0 + 12,101+ +1,736,016 Deposits: I.leuber bank - reserve account 13,158,335 +27l+,012 • 1+37,1+89 U, S, Treasurer - General account 1+55,691 -252,771+ - 305,995 Foreign 1,11+3,825 - 8,190 + 187,288 Other deposits 698,933 + 17,207 •f 135,530 Total deposits 15,1+56,781+ + 30,255 - 1+20,666 Deferred availability items 31+9,5Uo - 1+9,11+7 180,356 Other liabilities including accrued dividends 6,558 + 3,1+78 + 1+29 TOTAL LIABILITIES 23,1+1+2,822 - 3,310 +1,1+96,135 c a p i t a l a c c o u n t s Capital paid in 11+1,015 + 1+5 + 3,395 Surplus (Section 7) 157,065 - 5,345 Surplus (Section 13b) 26,785 - 51+ Other capital accounts 1+7,921 23 + 3,533 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,815,608 - 3,21+2 + 1,508,351+ Ratio of total reserves to deposit and F. R. note liabilities combined 91.1% . 1% + 1.1% Conuitnents to make industrial advances 12,991+ + 122 + !+,871 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fona F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH SEPTEMBER IO, 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 20,297,032 1,151,761 8,1+78,311 1,295,467 1,563,791 753,079 503,063 3,368,794 546,406 352,974 492,02? 327,526 1,463,83 Redemption fund - F.R.notes 16,386 4,883 1,773 1,015 920 1,775 464 1,218 902 552 478 731 1,675 Other cash 262,666 25,623 63,758 18,782 20,760 10,087 20,1+58 38,421 11,712 5,280 12,289 11,617 23,879 Total, reserves 20,576,081+ 1,182,267 8,543,842 1,315,261+ 1,585,471 764,941 523,985 3,408,1+33 559,020 >58,806 504,794 339,874 1,489,387 Bills discounted* Secured by U. S. Gov’t obligations, direct and guaranteed 2,094 — 1,61+0 8 100 — 20 — 33 25 93 125 50 Other «ills discounted 11,511 — 10,639 19 1+0 9 1+4 24 56 84 6 575 15 Total bills discounted 13,605 - 12,279 27 140 9 64 24 89 109 99 700 65 Industrial advances 9,701 1,443 1,183 3,705 261 811 161 377 492 816 298 154 U. S. Governnent securities, direct and guaranteed* Bonds 1,363,800 99,286 384,113 107,301 141,895 74,720 57,484 166,999 38,477 66,280 53,594 107,765 Notes 820,300 59,719 231,036 $4,541 85,348 44,943 34,577 100,446 23,144 39,864 32,235 64,817 Total U, S. Gov’t securities« direct and guaranteed 2,184,100 159,005 615,149 171,842 227,21+3 119,663 92,061 267,445 105,516 61,621 106,11+4 85,829 172,582 Total bills and securities 2,207,40b l6o,448 628,611 175,574 227,644 120,483 92,286 267,8)46 105,605 62,222 107,059 86,827 172,801 Due fron foreign banks 1+7 3 18 5 4 2 2 6 1 ♦ 1 1 4 F. R. notes of other banks 38,911 1,184 3,619 1,518 2,216 12,985 2,579 3,H4 2,865 435 3,393 858 4,145 Uncollected itens 897,321 84,505 197,714 60,274 109,030 79,443 38,197 127,667 54,820 25,538 40,244 34,959 44,930 Bank prenises 1+0,61+1+ 2,796 10,262 4,856 4,488 2,766 1.963 2,997 2,295 1,348 2,916 1,166 2,791 Other assets 55,195 3,579 14,132 7,327 5,854 3,131 2,155 6,061 2,404 1,502 2,500 2,027 4,523 T O T A L A S S E T S 23,015,608 1,1+34,782 9,398,198 1,564,818 1,954,707 983,751 661,167 3,816,124 727,010 1+1+9,851 660,907 465,712 1,718,581 *Less than £500, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forr. F. P.. 283-c STATEMENT OF COHDITIOII OF THE FEDERAL HESERVE BAYKS 01! SEPTEMBER 10, 1941 (in thousands of dollar's) L I A B I L I T I S S Total Boston 13 ew York Phila, Cleve. Rich. At 1,ant a Chicago St«Louis Minn. Kans. C:;* Dallas F. R. notes in actual cir­ culation 7,129,9^0 59U* 251+ 1,851,1+1+6 ¿+98,1+20 679, ¿i36 358,095 235,51+8 1,513,129 265,591+ 180,950 236,852 113,55o 602,632 Deposits* Llenber bank-reserve acct. 13,158,555 661,072 6,111,711+ 798,1448 93^,13^ ¿4+9,61+9 306,21+7 1,955,360 326,706 172,373 3-i-0,1+1 j 250,1+00 901,317 U.S.Treasurer-General acct■. ¿+55,691 li+,991 95,855 1+7,100 l+9,72/'i 26,017 22,857 52,969 27,072 3 li* 693 27 . ¿j.02 23,9'a 33,070 Foreign 1,11+5,325 5U,626 14+7,21+9 103,669 103,067 ¿+8,175 39,210 ljit, .'+36 33,609 2l+, ^ ¿+7 32,1+39 32,1*89 85,161 Other deposits 698,933 7,575 585,073 15,796 27,753 6,527 7.335 5 M 3,259 3,71+2 2 »¿4+5 635 25,751 Total deposits 15,1+56,781+ 733,261+ 7,21+0,1+71 970,013 1,11]+, $73 530,566 375,61+9 2,123.229 395,61+6 237,157 372,71+9 3^7,¿+63 1,01+5,799 Deferred availability it 1 81+9,51+0 76,321+ 176,61+3 58,507 105,692 78,950 36,201; 126,6?6 53,761 21,612 39,352 35,071 1+2,183 Other liabilities including accrued dividends 6,553 368 9l+l 5,255 368 3I1D 113 38I 137 135 150 li+9 225 TOTAL LIABILITIES 25,14+2,822 1,1+09,190 9,269,506 1,550,295 1,900,171+ 967,729 61+7,514 3,763,145 715,13s ¿■,1+0,152 61+9,583 ¿+5’+, 239 1,690,889 7* ™ .Q 1 4 , . w Capit-il paid in 114,015 9,361 51,7H 11,907 XL., 602 5,539 It, 81+1 15,036 ¿+, 362 3,00l+ ¿*,550 ¿+,283 11,761+ Surplus (Section 7) 157,065 10,906 56,i4+7 15,1^ H+,323 5,21+7 5,725 22,321+ ¿;,925 3,152 5,615 3,97!; 10,785 Surplus (Section 13b) 26,785 2,871+ 7,070 ¿+o95 1 , 00, 3,244 713 1,1+2; 533 1,000 1,138 l, 2^3 2,121 Other capital accounts ¿+7,921 2,¿+51 15, ¿+61+ 3,081 ¿¡,601 1,992 2,371+ 8,370 2,052 2,5l;5 2,02-5 l,9-U3 3,022 TOTAL LIABILITIES AIJD CAPITAL ACCOUNTS 25,815,608 l,l+3l+, 782 9,598,198 1,561+,318 1,954,707 935,751 661,1$7 3,316,12U 727,010 ¿4+9,851 6-0,907 1+o5,712 1,718,581 Connitnents to nake inc ial advances 12,991+ 1,061 517 2,081 1,21+0 71+7 1,01+9 1, oOO 705 28 602 23 3* 335 MATURITY DISTRIBUTT0i; OF BILLS AITD 23CXI7I3S Within 16 to 31 to 61 to 91 days to 6 nonths 1 Year 2 Years t^ Over Total 15 days 30 days 60 days 90 days 6 ronchs to 1 Year to 2 Years 5 Years 5 Years Bills discounted 13,605 8,056 3,596 1,095 9*+G 100 2 -- -- Industrial advances 9,701 2,335 ■ ¿+52 160 958 1,1/7 1,1+97 l,^p0 , .■) U. S. Governnent securities, , ^ „ ,-r.i dirdct and guaranteed 2,l3l+,100 — — — ~ 1+3,000 8l+,600 ^ ,70 0 j8h,0L3 l,^,o00 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d FEDERAL KLSZhVh NOTE ST^T3.IEST ON SEPTEMBER 10, 191+1 (In thousands of dollars) Total Boston Haw York Phila. Cleve. Rich, Atlanta Chicago St.Louis L'inn* Kans*Cy. Dallas San Fran« Federal Reserve notes; Issued to F.R.Bonk by F.R.A^ent 7,4/7,636 626,¡4.96 1,954,214 516,789 705,502 382,351 258,855 1,547,697 283,552 187,054 247,329 125,565 661,752 Held by Federal Reserve Bank 367,696 32,262 102,768 18,369 26,066 24,758 23,307 54,568 17,958 6,104 10,477 12,009 59,070 in actual circulation 7,129,940 594,234 1,851,144.6 498,1+20 679,436 358,093 235,548 1,513,129 265,594 180,950 236,852 113,556 602,682 Collateral held by agent as se­ curity for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 7,643,000 635,000 1,960,000 540,000 710,000 400,000 270,000 1,580,000 299,000 189,000 250,000 131,000 ¿79,000 Eligible paper 12,434 — 12,194 8 — — — — 33 105 94 Total collateral 7,$55,434 63:9,000 1,972,194 540,008 ?io,ooo 400,000 270,000 i,55o,ooo 299,033 189,105 250,094 131,000 679,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis