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, Sept. 19; of the Federal Reserve System not earlier. September 13, 19^1 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 17 member bank reserves increased ¿170»000,000. Additions to member bank reserves arose from a decrease of ¿122,000,000 in Treasury deposits with Federal Reserve Banks and increases of ¿61,000,000 in Reserve Bank credit, ¿8,000,000 in gold stock and v3#000,000 Treasury currency, offset in part by increases of ./ll,000,000 in Treasury cash, •■¿10,000,000 in money in circulation and $3*000*000 rionmember deposits and othar Federal Reserve accounts. Excess reserves on September 17 were estimated to be approximately *5,250,000,000, an increase of ‘ili+0,000,000. Changes in member bank reserve balances and related items during the week and the year ended September 17, 19Ul, were as follows: Increase or decrease since Sept. 17, Sept. 10, Sept. 18, I9J4.I 19l41 19U0 (In millions of dollars) Bills discounted 11 - 3 + 7 U. S. Government direct obligations 2,179 — - 2l+8 U. S. Government guaranteed obligat ions 5 2 Industrial advances (not including 11 million commitments - September 17) 9 - l Other Reserve Bank credit 112 + 61+ + 61+ Total Reserve 3arik credit 2,316 + 61 - 179 Gold stock 22,7U + 8 +1,61+8 Treasury currency 3,188 + 5 + ll+3 Liember bank reserve balances 13,320 +170 - 296 Money in circulation 10,014.6 +10 +1,962 Treasury cash 2,1+00 + 11 + 97 Treasury deposits with F. R. Banks 33k -122 - 1+56 Nonmember deposits and other F. R. accounts 2,129 + 3 + 310 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-a Released for publication Friday morning, September 19, 191+1; not üarlier. STATEMENT OF CONDITION OF THE TÏÆLVB FEDERAL RESERVE BANKS C01.ZBINBD (In thousands of dollars) Increase or decrease sine0 Sept. 17, Sept. 10, Sept. 18, 19U 191+1 19I+0 A S S E T S Gold certificates on hand and due from U. S. Treasury 20,297,032 — +1,51+0,731+ Redemption fund - F.R. notes 16,386 — + i+,930 Other cash 267,065 + U,399 - .77,322 Total reserves 20,580,1+83 + l+,399 +1,1+68,1+00 Bills discounted: Secured by U. S. Govft obligations, direct and guaranteed 1,610 - 1+81+ 7l+9 4- Other bills discounted 9,27U - 2,237 6,014!+ 4- Total bills discounted 10,881+ - 2,721 6,793 4- Industrial advances 8,896 305 281+ 4- U. S. Government securities, direct and guaranteed: Bonds 1,363,800 + 1+5,200 Notes 820,300 - - 29l+,700 Jotal U, S. Government securities, direct and guaranteed 2,131+, 100 --- - 2^9,500 Total bills and securities 2,203,880 - 3,526 - 2142,1+23 Due from foreign banks 1+7 — — F. R. notes of other blinks 1+1,900 + 2,989 + 19,1+88 Uncollected items 1,296,599 + 399,276 l+l+l+,839 4- Bank premises 1+0,662 + 10 - 61+3 Other assets 142,369 - 12,326 - 10,31+1+ T O T A L A S S E T S 2l+, 205,91+0 + 390,332 +1,679,362 L I A B I L I T I E S F. R. notes in actual circulation 7,11+7,1+56 + 17,516 ,751,532 4*1 Deposits: Member bank - reserve account 13,327,926 + 169,591 - 296,1+93 U. S. Treasurer - General account 333,762 - 121,929 - 1+56,599 Foreign 1,126,1+50 - 17,375 + 90,991 Other deposits 709,232 + 10,299 195,923 4- Total deposits 15,1+97,370 + 1+0,536 -, 2+66,178 Deferred availability items 1,10/+, 6 50 + 335,310 4- 381,551+ Other liabilities including accrued dividends 3 ,hi 3 - 3,085 336 4* TOTAL LIABILITIES 23,833,11+9 + 390,327 +1,667,21+1+ C A P I T A L A C C O U N T S Capital paid in 11+1,01+5 + 30 + 3,1+08 Surplus (Section 7) 157,065 - + 5,3l+5 Surplus (Section 13b) 26,785 51+ - Other capital accounts 1+7,896 25 + 3,1+19 TOTaL LIABILITIES AND CAPITAL ACCOUNTS 2l+, 205,91+0 + 390,332 +1,679,362 Ratio of total reserves to deposit and F. R.note liabilities combined 90.9/2 .2% + 1.1+/° Commitments to make industrial advances 11 , 1+87 - 1,507 + 3,1+80 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 17, 19^1 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Gy. Dallas San Fran. Gold certificates on hand and due from U.S. Treasury 20,297,032 1,165,291 8,1+66,882 1,285,122 1,562,93!+ 735,905 1+95,286 3,1+28,338 550,14+3 31+0,687 1+80,557 330,681+ i,l+5l+, 905 Redemption fund - F.R.notes 16,380 lj-,883 1,773 1,015 920 1,775 1+61+ 1,218 902 552 1+78 731 1,675 Other cash 267,065 27,219 6o,ol+2 17,531 17,1+25 15,370 21,186 38,257 11,015 5,1+25 11,955 11,755 29,907 Total reserves 20,580, [4.83 1,197,393 8,523,697 1,303,668 1,581,279 753,050 516,,936 3,U67,813 562,360 31+6,662 1+92,970 31+3,170 1,1+56,1+85 Bills discounted: Secured by U. S. Gov’t obligations, direct and guaranteed 1,610 1,21+0 8 100 —— 20 33 60 10 89 50 Other bills discounted 9» 271+ - 8,130 19 56 !;6 36 21+ 159 29 162 598 15 Total bills discounted 10,881+ --- 9,370 27 156 U6 56 2h 192 89 172 687 65 Industrial 'advances 8,896 1,U36 1,183 3,698 255 810 l6l 3l+9 ». 1+82 81 298 11+5 U. S. Government securities, direct and guaranteed: Bonds 1,363,800 99,286 381+, 113 107,301 11+1,895 7k, 720 57,1+81+ 166,999 65,886 38,1+77 66,280 53,591+ 107,765 Notes 020,300 59,719 231,036 61+, 51+1 85,31+8 l+l+,9l+3 3l+, 577 100,14+6 39,650 25,114+ 59,861+ 32,255 A! ; " 1 , Total U. S. Gov’t securities, direct and guaranteed 2,181+, 100 159,005 615,11+9 171,81+2 227,21+3 119,663 92,06l 267,141+5 105,516 61,621 106,l’4+ 85,829 172,582 Total bills and securities 2,203,S80 160,1+1+1 625,702 175,567 227,65!+ 120,519 92,278 267,818 105,700 62,192 106,397 36,811+ 172,790 Due from foreign banks 1+7 3 18 5 1+ 2 2 6 1 * 1 1 1+ F. R. notes of other banks ¿41,900 1,625 3,971+ 1,1+05 1,986 li+,575 2,331+ 2,613 2,501+ l,0l+8 l+,57l+ 857 I»., 805 Uncollected items 1,296,599 123,992 293,696 83,1+97 l61+,ioo 108,616 51,571 198,266 70,525 30, Sl+8 1+9,581 14+, 3I+8 77,561 Bank premises 1+0,662 2,796 10,262 l+,856 l+,l+88 2,781+ 1,963 2,997 2,295 1,31+8 2,916 1,166 2,791 Other assets 1+2,369 2,851 11,262 3,571 it, 830 2,570 l,773 1+.902 1,933 1,252 2,016 1,667 5,762 T O T A L A S S E T S 2l+, 205,91+0 1,1+89,101 9,1+75,611 1,572,569 l,98l+,5l+l 1P02,116 666,857 3,9l4+,l+15 7^5,121+10+3,330 658,255 1+78,023 1,71*8,198 *Less than ;‘500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F. R. 233-c STATEMENT OF CONDITION OF TES FEDERAL RESERVE B/2T KS ON SEPTEMBER 17, 191+1 (In thousands of dollars) L i r. I L I T I Total Boston N<m York Phila. Cleve. Rich. Atlanta F. R. notes in actual cir­ culation 7,11+7,1+56 593,288 1,859,559 1+99,550 680, Deposits : Member bank-reserve acct. 13,327,926 U.S.Treasurer-General acct. 3339762 Foreign 1,126,1+50 Other deposits 709,252 oDoC DC 3oû,629 235,762 670,1+30 6,138,59^4- 801,763 97I+,352 1+39,687 50l+,l+61+ 25,Ù06 56,765 2l+, 098 15,788 28,200 15,810 52,0L+8 1+1+0,395 107,320 101,788 ¿+7,575 53,721+ 8i+,130 6,l+ol+ 595,809 16,1+50 27,510 6,096 7,890 i+,995 8,598 5,630 2,611 750 26,509 Total deposits 15,1+97,570 760,288 7,231,565 9U9,631 1,119,1+18 521,618 566,888 2,197,696 399,319 22l+,885 360,322 510,175 1,055,571 Deferred availability items 1,18^,350 109,523 252,859 88,563 li+9,11+7 105,510 50,1+1+8 135,165 63,687 26,309 ¿+9,081 1+2,808 65,750 Other liabilities including accrued dividends 3, ¿+75 i+08 912 299 565 525 106 3I+8 123 120 ll+6 I59 181+ TOTAL LIABILITIES 25,835,11+9 1,1+63,507 9,5UU,895 1,538,0I+3 1,91+9,816 986,j82 655,201+ 5,896,705 733,21+9 1.55,659 61+6,959 1+66,5I+1 1,720,511 C A P I T A L A C C 0 1J 1 Ï s Capital paid in ll+i, 01+5 9,361 ' 51,721+ U, 908 ll+, 599 5,5l+2 ¿4,81+5 15,007 ¿+, 367 3,Q0ii 1+, 550 ¿4,296 11,761+ Surplus (Section 7) 157,065 10,906 56,141+7 15,11+1+ 111-, 525 5,2U7 5,725 22,821+ i+, 925 3,!52 3,615 5,971+ 10,705 Surplus (Section 13b) 26,785 2,871+ 7,070 1+,393 1,007 5,21+1+ 715 1,1+29 535 1, uOO 1,150 1,265 2,121 Other capital accounts 1+7,896 2,1+53 13, ¿+77 3,081 ¿+,596 2,001 2,572 8,370 2,050 2,555 1,995 1.9U9 ____3,017 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 2l+,205,9Uo 1,1+39,101 9, ¿+75,611 l,572,569 1,90^,51+1 1 ¿¡02, lib 666,857 5,914+,¿415 71+5,121+ ¿+1+3,550 658,255 ¿+73,025 1,7148,190 Commitments to make industriai advanc e s 11 «¿+87 1,061 516 2,091+ 1,21+2 71+1 1,01+1+ 669 705 28 57 23 3,527 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Vi thin 16 to 31 6l to 91 days to 6 months 1 Year 2 Years to Over Total 15 days 3D days 60 days SO days 6 months to 1 Yeo.r to 2 Years 5 Years 5 Years Bills discounted 10,861+ 7,337 1,507 1,225 . l6l 5 Industrial advanee s 3,096 2,596 576 13k 27k 1,100 l,p26 1,610 1,1+80 U. S. Government securities, direct and guaranteed 2, IOI+, lOd L+5,000 8i-j., 800 66,200 208,200 51+8,500 1,233,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d FEDERAL RESERVE NOTE STaT&IENT OU SEPTEMBER 17, 1941 (In thousands of dollars) Total Boston Nev/ York Phila. Gleve. Rich, Atlanta Chicago 3t.Louis Linn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.Bank by F.R.Agent 7,527,^83 623,9U7 1,951,107 524,696 710,1+32 386,01+2 260,957 1,552,075 287,605 137,706 2i+7,979 12l+,928 070,014 Held by Federal Reserve Bank 3*30,032 30,659 91,548 25,11+6 29,5W+ 25,1+13 25,195 36,579 17,485 5,379 10,569 11,507 71,008 in actual circulation 7,147,456 593#288 1,359,559 499,550 680,386 360,629 235,762 1,515,1+96 270,120 182,327 237,410 113,1+21 599,006 Collateral held by a^ent as se­ curity for notes issued to bank: 021 G o l d c e r t i f i c a t e s h a n d a n d duu from U. S. Treasury 7,658,000 635,000 1,950,000 51+0,000 715,000 1+00,000 270,000 1,580,000 299,000 139,000 250,000 1 31,000 609,000 uligibla paper 9,605 — 9,235 8 — 38 — — ' 33 35 156 Total collateral 7,667,605 635,000 1,969,205 5^0,008 715,000 1+00,033 270,000 1,530,000 299,033 189,085 250,156 131,000 639,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis