H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form. F. JR. 283 3TATü':3FT F On TIC PK ES 8 Released for publication Board of Governors Friday morning, Oct, 10; of the Federal Reserve System not earlier. October 9> 19^4*1 CONDITI Or: OF TH;5 F3DSRAL Rc3ER73 BAMS Juring the week ended October 8 member bank reserve balances increased ¿50,000,000. Additions to member bank reserves arose from decreases of v»18,0j0,000 in Treasury cash, 000,000 in Treasury deposits with Federal Reserve Banks, and vU2,00J,000 in nonmember deposits and other Federal Reserve accounts, and increases of ^21, 000,J X) in Reserve Bank credit, |;11,000,000 in gold stock, and -;7,000,000 in Treasury currency, offset in part by an increase of i>5Ui000,000 in money in circulation. Excess reserves of member banks on Cctober 8 were estimated to be approximately 5,210,000,000, an increase of ,20,000,000 for the week. Changes in member bank reserve balances and i elated items during the week and the year ended October G, 19iil, were as follows: Increase or decrease since Oct. 3, Oct. 1, Oct. 9f 19U1 19U1 1914-0 (In millions of dollars) Bills discounted 11 — + 3 U. S. Government direct obligations 2,179 — - 213 U, S. Government guaranteed obligations 5 2 Industrial advances (not including III million commitments - October 3) 9 — + 1 Other Reserve Bank credit 6l + 2 1 + Total Reseive Bank credit 2, £05 + 21 130 - Gold stock 52,772 + 11 +I.423 T i > reas1 ry currency 3,203 + 7 + 155 Member bank reserve balances 13,2?0 + 5 0 - 637 J'.onsy in circulation 10,237 + 54 +2,038 Treasure cash 2,2ul - 18 - 53 Treasury deposits with t. It. Banks 3OÎ4. - 5 ~ 275 Konmenber deposits and other F.P.accounts 2,168 - 42 + 3^4 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283~a •■Released for publication Friday morning;, October 10, 1941; not earlier. STATES? Tl'T OF CONDITION 0? THil T'TSLVE F-iDrJPAL El¡SERVE ba:tks CQ'IdIV JD (In thousands of dollars) Increase or decrsase since Oct. 8, Oct. 1, Oct. 9 l^U 1941 1940 C't V T* ii *J O ¿i 1 O Gold certificates on hand and due from U. o. Treasury 20,501,030 + 34,999 + 1,468,730 Redemption fund - F.R. notes Ik,010 719 + 2,629 Other cash 243,3^1 - 9,013 - 75,956 Total reserves 20,758,431 + 25,267 +i,395,U03 Bills discounted: Secured by TJ. S. GovTt obligations, direct and guaranteed 1,591 69 - 1,779 Other bills discounted 9,380 29 + 4,765 Total bills discounted 10,971 98 + 2,986 Indus tri al advanc e s 9,087 + 185 + 68? U. S.Government securities5 direct and guaranteed: Bonds 1,363,600 — - 36,300 Notes 820,300 — - 178,700 Total U. S. Government securities, direct and guaranteed 2,184,100 — - 215,000 Total bills and securities 2,204,158 87 - 211,327 Due from foreign banks 47 — — i". R. notes of other banks 30,717 + 999 + 18,144 Uncollected items 896,730 -161,781 + 207,646 Bank premises 40,754 + 22 - 505 Other assets ]j4, 944 + 338 - 9,949 T 0 T a L S S T S 23,983,781 -134,868 +1,399,412 L I A B I L I T I E S F. R. notes in actual circulation 7,299,505 + 43,772 +1,820,lia Deposi us: 1 ember bank - reserve account 13,290,448 + 50,000 050,JOG U. S.Treasurer - General account 304,023 - 4,725 - 275,030 Foreign 1,165,164 - 19,819 + 108,763 Other deposits 7U,4oi - 22,044 + 193,548 Total deposits 15,4.-1,036 + 3,412 - 609,285 Deferred availability items 336,100 -182,820 + 176,976 Other liabilities including accrued dividends 4,307 + 6l5 + 433 TOTAL LIABILITIES 23,610,948 -135,021 +1,388,265 C A P I T A L A G O 0 U N T S Capital r^aid in 141,155 + 112 + 3,514 Surplus (oaction 7) 157,065 — + 5,345 Surplus (¿¿ction 13b) 26,785 54 — - Other capital accounts 47,828 + 41 + 2,342 TOTAL LIABILITIES AND COITAL ACCOUNTS 23,983,701 -134,868 +1,399,412 Ratio of total reserves to deposit and ^ . K. note liabilities combined 91.27» - + 1.4> Commitments to make industrial advances 13,673 + + 6,075 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fora F. R. 283-b STaTÜÜSNT of CONDITION OF THi FEDERAL BS3 3KVS BANKS CK OCTOBER 0, 1941 (In thousands of dollars) A S S E T S T o t a l B o s t o n N e w Y o r k P h i l a . C l e v e . R i c h . A t l a n t a C h i c a g o S t . L o u i s I d n n . K a n s . C y . D a l l a s S a n F r a n . G o l d c e r t i f i c a t e s o n h a n d a n d due from U.S. Treasury 20,501,030 1,197,660 8,1)29,686 1,280,423 1,615,632 779,620 506,105 3,458,2.42 569,779 347,821 501,055 356,464 1,458,537 Redemption fund - F.R.notes llj.,010 4-,721 1,170 765 679 1,263 350 959 843 526 433 °87 1,609 other cash 243,391 26,34o 55,7?i 16,394- 18,214 11,012 15,874 35,9ii 13,505 4,915 11,210 9,703 ¿4,542 Total r3servos 20^758,431 1,228,721 8,486,627 1,297,588 1,634,525 791,895 522/329 3,495,112 584,132 353,262 512,698 366,854 l,ÜS/^7688 B i l l s d i s c o u n t e d : S e c u r e d b y U. S . G o v ft o b l i R a t i o n s , d i r e c t a n d g u a r a n t e e d 1,591 --- 3 1 , ,1 4 2 7 5 7 10 1 8 9 10 5 0 6 9 29 7 2 2 4 5 O / 6 4 0 24 2 1 0 1 52 2 2 4 15 O t h e r b i l l s d i s c o u n t e d 9 , 3 8 0 10,971 - 9,602 127 156 9 36 49 6 64 261 646 15 T o t a l b i l l s d i s c o u n t e d 9,087 66 1,086 3,623 213 801 176 336 200 463 96 294 138 I n d u s t r i al a d v a n e e s l , l 9 u. S. G o v e r n m e n t s e c u r i t i e s a i r e c t a n d g u a r a n t e e d : 1,363,800 105,744 353,624 107,412 134,809 84,293 58,227 186,227 69,302 40,590 58,653 47,800 117,039 B o n d s 820,300 63,604 212,697 64,605 81,084 50,703 35,022 112,012 41,731 24,4.14 35,279 28,752 70,397 N o t e s T o t a l U. S. G o v ’t s e c u r i t i e s , 2,18)4,100 169,348 566,321 172,017 215,893 134,996 93,249 298,239 111,113 65,004 93,932 76,552 107,436 d i r e c t a n d g u a r a n t e e d 2,204,158 171,009 577,009 175,767 216,262 135,806 93,461 298,624 111,319 65,531 94,289 77,492 187,589 T o t a l b i l l s a n d s e c u r i t i e s 47 3 13 5 4 c. 2 O t l * 1 1 4 jjue f r o m f o r e i g n b a n k s F . R . n o t e s o f o t h e r b a n k s 38,717 1,110 2,93.7 1,445 1,869 15,011 2,659 2,9!i6 2,167 1,029 3,250 376 3,418 U n c o l l e c t e d i t e m s 896,730 90,155 198,787 59,490 103,362 79,469 41,554 123,470 46,793 26,974 39,214 32,366 55,096 B a n k p r e m i s e s 40,754 2,791 10,404 4,867 4,476 2,791 1,959 2,991 2,287 1,345 2,900 1,158 2,785 44,944 3,236 11,475 3,661 4,851 2,943 1,879 5,738 2,132 1,355 1,889 1,551 4,234 O t h e r a s s e t s 0 a jj 23,933,781 1,497,025 9,287,257 1,542,823 1,965,349 l£27,917 663,843 3,928,887 748,831 449,496 6^4,241 480,298 1,737,814 T T A S S i i s than * L e ? s 5 0 0 . Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-c STATEMENT 8 1941 O F C O N D I T I O N O F T H E F E D E R A L R E S E R V E B A N K S O N O C T O B E R , ( I n t h o u s a n d s o f d o l l a r s ) L I A B I L I P I E S Total Boston New York Phila. C1eve ♦ iti ant a Chicago St R i c h . ; L o u i s M i n n . K a n s . C y . D a l l a s S a n F r a n . F. R. notes in actual circulation 7,299,505 605,566 1,877,1+69 505,567 Ó9I9566 382,357 247,185 1,535,280 286,1+68 186,1+93 242,528 123,003 616,025 Deposits s ¿ember bank-re serve a.oct. 13,290,41+8 696,612 5,994,116 801,080 976,769 480,165 305,039 2,036,486 339,034 178,953 304,170 260,672 917,352 TJ. S* Treasurer-General acct. 30l+,023 29,291+ 53,853 19,065 31,545 17,474 11,031 43,656 21,706 18,856 20,962 17,121 19,480 Foreign 1,165,161+ 50,675 4-58,727 111,007 105,235 49,209 40,054 137,329 34,332 25,177 53,188 53,188 36,993 Other deposits 711,1+01 5,556 596,71+6 13,648 28,623 6,323 8,370 5,368 9,400 6,687 3,786 919 25,975 Total deposits 15,1+71,036 782,137 7,103,41+2 944,800 1,142,222 553,171 364,494 2,222,839 4o4,472 229,653 362,106 311,900 1,049,800 Deferred availability items 836,100 83,139 176,1+96 57,671 96,595 75,894 38,381 122,606 45,871 25,506 58,144 33,753 44,044 Other liabilities including accrued dividends 4-, 307 597 1,129 303 423 395 133 437 148 154 145 171 272 -TOTAL LIABILITIES 23,610,91+8 1,471,1+39 9,158,536 1,508,341 1,930,806 1,011,817 650,193 3,881,162 736,959 439,806 642,923 468,827 1,710,139 C A P I T A L A C C O U N T S Capital paid in 11+1,155 9,361 51,759 11,859 14,601 5,639 4,848 15,094 4,368 3,007 4,552 4,296 11,771 Surplus (Section 7) 157,065 10,906 56,447 15,144 14,323 5,247 5,725 22,824 4,925 3,152 5,615 3,974 10,785 Surplus (Section 13*0 26,785 2,871+ 7,070 4,393 1,007 3,244 713 1,429 533 1,000 1,158 1,263 2,121 Other capital accounts 1+7,828 2,41+5 13,44.5 3,086 4,612 1,970 2,364 8,378 2,046 2,551 2,015 1,938 2,998 TOTAL LIABILITIES AND CAPlT.iL ACCOUNTS 23,983,781 1,14-97,025 9,287,257 1,542,823 1,965,5491 £27,917 663,845 3,928,887 74-8,831 41+9,1+96 65l+,2l+l 4-80,298 1,737,811+ C o m m i t m e n t s t o m a k e i n d u s t r i a l a d v a n c e s 13,673 807 515 2,254 1,224 860 1,041 1,600 659 28 1,501 23 M a T U R I T ï L I S T R I B U T I O N O F B I L L S A N D S E C U R I T I E S l6 31 61 91 6 1 2 ivi t h i n t o t o t o d a y s t o m o n t h s Y e a r Y e a r s t o O v e r 15 30 60 90 6 1 2 5 5 T o t a l d a y s d a y s d a y s d a y s m o n t h s t o Y e a r t o Y e a r s Y e a r s Y e a r s B i l l s d i s c o u n t e d 10,971 8,923 761 997 143 142 5 » . I n d u s t r i a l a d v a n c e s 9,087 2,575 321 167 569 902 1,488 1,678 1,587 — Gctv3rnnLent U. S. s e c u r i t i e s , 2,184,100 — 43,000 84,800 66,200 208,200 548,300 1,233,600 d i r e c t a n d g u a r a n t e e d — — Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F.R. 283>d FEDERAL RESERVE SOTS STATE!»ENT OK OCTOBER 8, 19I4I (In thousands of dollars) Total Boston New York Phila. Cl eve. Rich. Atlanta ChicagD St.Louis iViinn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.Bank by F.K.ügent 7,678,673 642,505 1,976,801 530,516 715,938 40-4,231 269,568 1,573,743 304,911 191,737 252,917 135,195 680,811 Held by Federal Reserve Bank 379,368 36,939 99,332 24,949 2l+,372 21,874 22,383 38,1+63 18,44-3 5,244 10,389 12,192 64,788 In actual circulation 7,299,505 605,566 1,877,469 505,567 691,566 382,357 21+7,185 1,535,280 286,468 186,493 242,528 123,003 616,023 Collateral held by agent as se­ curity for notes issued to bank: Gold certificates on hand and due from U.S. Treasury 7,796,000 655,000 1£80,000 54-0,000 720,000 425,000 275,000 1,600,0j0 319,000 192,000 255,000 l4l,000 694,000 ii/li^ible paper 9,94-0 — 9,517 108 — — — — — 60 255 Total collateral 7,805,940 655,QOj 1,9*39,517 54.o,iog 7?o,ojo 1+25,000 275,ooo i,6oo,ooo 3i9,ooo 192,060 255,255 14-i.joo 694,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis