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, October 17; of the Federal Reserve System not earlier. October l6, 194-1 CONDITION OF THE FEDERAL R ¡¿¡SERVE BANKS Luring the week ended October 15 member bank reserve balances increased 131 ,000,000. Additions to member bank reserves arose from decreases of 1^5,000,000 in Treasury deposits with Federal Reserve Banks and $19,000,000 in Treasury cash and increases of $148,000,000 in Reserve Bank credit, $6,000,000 in gold stock and ^4,000,000 in Treasury currency, offset in part by increases of |I|.6,000,000 in money in circulation and 9!^,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on October 15 were estimated to be approximately $5,230,000,000, an increase of $20,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended October 15, 19Ul, were as follows: .Increase or decrease since Oct. 15, Oct. 8, Oct. l6. 1941 1940 1941 ( In millions of dollars) Bills discounted 8 - 3 + 4 U.S. Government direct obligations 2,179 - 198 U.S. Government guaranteed obligations 5 2 Industrial advances (not including I4 million commitraents- October 15) 9 + 1 Other Reserve Bank credit 112 + 51 + 26 Total Reserve Bank credit 2,313 + 48 - 168 Gold stock 22,778 + 6 +1,405 Treasury currency 3,207 + 4 + 155 Member bank reserve balances 13,321 + 31 - 695 Money in circulation 10,283 + 46 +2,054 Treasury cash 2,222 - 19 46 Treasury deposits with F. R. Banks 259 - 45 - 204 Nonmember deposits and other F. R. accounts 2,212 + 44 + 281 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form I’1 * It, 233-a Released for publication Friday morning, October 17, 1941; not earlier. 3TnTJa3ITT OF COELJTIO:' OF PH 5 T'TCLVE F’lDFRAL RESERV3 BAITS jOrSIHCD fin thousands of dollars) Increase or decrease since Oct. 15, Oct. 8, Oct. 16, 19U1 1941 i?4o j. i. ¿D ,li i Gold certificates on hand and due from !J. S. Treasury 20,525,032 + 24,002 +1,447,733 Redemption fund - F. R. notes 14,153 143 2,869 Other cash 250,498 + 7,107 - 76,103 Total reserves 20,789,683 + 31,252 + 1,374,439 Bills discounted* Secured by U. S. Gov’t obligations, direct and guaranteed 1,487 104 + 175 Other bills discounted 6,275 - 3,105 4* 3,850 Total bills discounted 7,762 - 3,209 + 4,025 Industr i al advanc es 9,273 + 186 + 948 U. S. Government securities, dir )ct and guaranteed: Jords 1,363,800 — - 33,900 Kotes 820,300 — - 165,500 Total U. S. Government securities, 2,184,100 — - 199,400 direct and guaranteed Total bills and securities 2,201,135 - 3,023 - 194,427 Lue from foreign banks 47 — — F. R. notes of other banks 40,674 + 1,957 + 19,122 Uncollected it eras 1,433,599 +536,869 + 361,975 Bank premises 4o,84o + 80 - 417- Other assets 44,118 826 - 9,558 T O T A L ..SS , T 3 24,550,096 +566,315 +1,551,134 L I i, B I L I T I ’I' S F. h. notes in actual circulation 7,350,851 + 51,346 +1,842,427 deposits : camber bank - reserve account 13,321,390 + 30,942 - 094,422 U.S. Treasurer - General account 258,814 - 45,209 - 203,796 Foreign 1,188,259 + 23,095 + 130,915 Other deposits 731,908 + 20,507 + 128,906 Total deposits 15,500,371 + 29,335 - 638,397 Deferred availability items 1,321,876 +485,776 + 335,729 Other li.Vbilities including accrued di vid end s 4,186 121 + 528 TOTAL LIaEìLITIIS 24,177,284 +566,536 + 1,540,287 Capital paid in 141,173 + 18 + 3,520 Surplus (Section 1} 157,065 — + 5,345 Surplus (Section 13b) 2o,785 — - 54 Cther ca?ital accounts 47,789 39 + 2,036 TOT^L LINSILITI ?S AH) CAPITAL ACCOUNTS 24,350,096 +566,315 + 1,551,134 Ratio of total reserves to deposit and F. k. note liabilities combined 91.0# - . 270 + l.3> Commitments to make industrial advances 13,580 93 6,121 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 BnJTKS ON OCTOBER 15, 19Ul (In thousands of dollars) A S S E T S hi 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 o 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 n r . 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 20 525,032 1 202,609 29^,225 1 6147,605 ,£>63 3 27,227 80 506 17 d u e f r o m U . S . T r e a s u r y , , 8 , 3 8 6 , 2 7 7 l , , . 7 9 0 5 ^ U , 2 U i , ^ 5 7 3 , O 3 U ° , 9 7 9 , ^ 3 1 , 1 + 7 9 # 0 1 f 884 896 R e d e m p t i o n f u n d - F . R . n o t e s l U , 1 5 3 U , 6 7 7 1 , 0 0 9 ¿ 9 5 6 2 0 1 # I . 3 2 1 8 3 5 5 2 0 1^.22 6 7 9 1 , 5 9 5 other* cash 250.lj.98 25,6lo 50,136 17,292 15,678 16,927 19,634 55,798 17,562 4,985 11,623 10,14+5 2i+,808 reserves 20,789,683 1,232,896 8,1+37,1+22 1,312,212 1,663,903 809,1+71+ 534,196 3,1+63,921 592,257 352,1+84 518,221 367,277 1,505,420 T o t a l iiills d i s c o u n t e d : S e c u r e d b y U. S. G o v ’t o b l i g a t i o n s , 1,487 150 925 58 100 30 25 85 30 51 33 d i r e c t a n d g u a r a n t e e d 6,275 200 5,209 37 — 12 29 266 522 ^ t h e r b i l l s d i s c o u n t e d 7,762 350 6,134 58 137 42 25 114 296 573 33 T o t a l b i l l s d i s c o u n t e d — 9,273 1,655 1,086 3,609 222 793 265 332 300 493 96 284 138 I n d u s t r i a l a d v a n c e s U . S . G o v e r n m e n t s e c u r i t i e s , d i r e c t a n d g u a r a n t e e d : 105,714+ 553,624 107,412 134,809 84,293 58,227 186,227 69,382 40,590 58,653 47,8oo 117,039 B o n d s " 1 , 3 6 3 , 8 0 0 820,300 63 ,604 212,697 64,605 81,084 50,703 35,022 112,012 41,731 24,414 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 , direct and guaranteed 2.184.100 169,348 566,321 172,017 215,893 134,996 93,249 298,239 111,113 65,004 93,932 76,552 187,436 135,739 93,556 298,596 111,415 65,,611 94,324 77,1+09 187,607 from foreign banks 47 3 18 5 4 0 2 6 1 * 4 b u e l j. F. R. notes of"other banks 40,674 1,076 5,234 1,132 2,588 13,822 2,906 2,584 2,219 86I 1,305 2,947 l+, o o o Uncollected items 1,433,599 130,582 363,71+7 92,567 172,852 112,248 58,135 226,019 61,952 30:,174 55,170 52,308 77,845 Bank premises 40,840 2,791 10,1+04 4,867 4,476 2,878 1,959 2,991 2,286 1,345 2,900 1,150 2,785 i Other assets 1+4,118 3,139 n,385 3,569 4,734 2,892 1,842 5,64o 2,067 1,,323 1,845 1,555 4,127 T O T A L A S S n s 24,550,096 1,541,840 9,401,751 1,590,036 2,064,8091,077,105 692,596 3,999,757 772,195 451,798 676,461 501,013 1,780,735 *Le,ss t h a n '‘,500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. F. 283-c STOTSilfiKT OF CONDITION OF TH3 FTDERaL RESERVE BANKS ON OCTOBER 15, 194-1 (In thousands of dollars) L I A B I L I T I E S Phila. Clove. '.■■inn. Ka D T o t a l B o s t o n l'Te w Y o r k 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 n s . C y . a l i a s S a n F r a n * F. ft. n o t e s i n a c t u a l c i r ­ c u l a t i o n 7,350,851 612,139 1,895,191 509,321 696,136 390,164 246,942 1,543,760 288,742 186,380 242,332 122,373 617,371 D e p o s i t s : 13 321,390 709,449 5,979,074 800,162 ]-,009,139 483,452 308,819 2,001,325 346,028 176,508 308,906 263,090 935,438 ¡■..ember b a n k - r e s e r v e a c c t . , 9,853 29,273 21,552 23,505 19,329 20,289 33,788 23,187 17,915 25,858 17,750 16,515 U. S. T r e a s u r e r - G e n e r a l a c c t . 258,8114. 52,951 458,833 114,514 108,611 50,764 41,319 141,667 35,417 25,972 34,236 34,236 89,739 F o r e i g n 1 , 1 8 8 , 2 5 9 11,153 582,909 21,181 38,396 7,422 8,179 11,347 10,258 9,451 3,284 1,240 27,088 O t h e r d e p o s i t s 7 3 1 , 9 0 8 15,500,371 783,406 7,050,089 957,409 1,179,651 560,967 378,606 2,188,127 414,890 229,846 372,284 316,316 1,068,780 T o t a l d e p o s i t s 1,321,876 120,276 326,437 38,534 154,079 109,484 53,274 219,703 56,568 25,751 50,405 50,701 66,664 D e f e r r e d a v a i l a b i l i t y i t e m s J t h e r l i a b i l i t i e s i n c l u d i n g accrued dividends J+, 186 426 1.293 288 403 380 126 423 137 142 159 160 249 TOTAL LIABILITIES 24,177,284 1,516,247 9,273,010 1,555,552 2,030,2691,060,995 678,948 3,952,013 760,337 442,119 665,180 489,550 1,753,064 C A P I T A L A C C O U N T S Capital paid in 141,173 9,361 51,772 11,859 14,600 5,639 4,849 15,095 4,368 3,011 4,552 4,296 11,771 Surplus (.Section 7) 157,065 10,906 56,44.7 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 3,244 713 1,429 533 1,000 1,138 1,263 2,121 Other capital accounts 47,789 2,452 13,452 3,088 4,610 1,980 2,361 8,396 2,032 2,516 1,978 1,930 2,994 T O T A L L I A B I L I T I E S A N D 24,550,096 1,541,840 9,401,751 1,590,036 2,064,309 1,077,105 692,596 3,999,757 772,195 451,798 676,461 501,013 1,780,735 C A P I T A L A C C O U N T S Commitments to make industrial advances 13,500 806 507 2,265 1,2)4+ 851 1,041 1,600 559 28 1,501 23 3,155 ii.tt.TUBITY DISTRIBUTION OF B AND 3 jCuHJTIjiS L L S 16 to 31 to 61 to 91 days to 0 months l Year 2 Years to Over W i t h i n Total 15 days 30 days 60 days 90 days 6 months to 1 Y*ar to 2 Years 5 Y:>ars 5 Years Bills discounted 7,762 6,215 069 536 139 191 12 - • __ I n d u s t r i a l a d v a n c e s 9,273 2,569 332 I87 649 ' 896 1,495 1,698 i,447 — U. S. G o v e r n m e n t s e c u r i t i e ’S, d i r e c t a n d g u ar a n t e e d 2,184,100 — -- 43,000 84,800 66,200 208 .,200 548,300 1,233,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 28^-d F E D E R A L R E S E R V E N O T E S T A T E M E N T O N O C T O B E R 1 5 , 1 9 U l ( I n t h o u s a n d s o f d o l l a r 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 o 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 L'*inn. X a n s . C y . D a l l a s S a n F r a n . F e d e r a l R e s e r v e n o t e s : 639,128 983,066 722,663 269,159 512,678 192,402 252.796 134,439 I s s u e d t o F . K . B a n k b y F . R . A g s n t 7 , 7 0 9 , 3 ^ 9 l , 5 2 8 , 0 0 7 4 1 1 , 3 6 3 1 , 5 7 7 , 2 1 5 6 8 6 , 4 3 3 23.956 69,062 H e l d b y F e d e r a l k e s e r v e B a n k 3 5 8 , 4 9 8 2 6 , 9 8 9 8 7 , 8 7 5 1 8 , 6 8 6 2 6 , 5 2 7 2 1 , 1 9 9 2 2 . 2 1 7 3 3 A 5 5 6 . 0 2 2 1 0 , 4 6 4 1 2 , 0 6 6 696,136 246,942 242,532 122,373 617,371 I n a c t u a l o i r o u i a t i o n 7 , 3 5 0 , 8 5 1 6 1 2 , 1 3 9 1 , 8 9 5 , 1 9 1 5 0 9 , 3 2 1 3 9 0 , 1 6 4 1 , 5 4 3 , 7 6 0 2 8 8 , 7 4 2 1 8 6 , 3 3 0 C o l l a t e r a l h e l d b y arjent a s s e ­ c u r i t y f o r n o t e s i s s u e d t o b a n k : 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 d u a f r o m U. S. T r e a s u r y 7 , 8 3 6 , 0 0 0 6 5 5 , 0 0 0 1 , 9 9 0 , 0 0 0 5 4 0 , 0 0 0 7 2 5 , 0 0 0 4 2 5 , 0 0 0 2 7 5 , 0 0 0 1 , 6 0 0 , 0 0 0 3 2 9 , 0 0 0 1 9 7 , 0 0 0 2 5 5 , 0 0 0 l 4 l , 0 0 0 7 0 4 , 0 0 0 350 58 110 294 E l i g i b l e p a p e r 6 , 9 4 6 6 , 1 3 4 — — — — — 7,8)42,946 655,350 1,996,134 540,058 725,000 )425,000 275,000 1,600,000 329,000 197,110 255,294 141,000 704,000 T o t a l c o l l a t e r a l Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis