H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Fona F. R. 283 S T A T E M E N T F O R T H E P R E S S R e l e a s e d f o r p u b l i c a t i o n B o a r d o f G o v e r n o r s F r i d a y m o r n i n g , O c t o b e r 3 1 ; o f t h e F e d e r a l R e s e r v e S y s t e m 30 9 n o t e a r l i e r . O c t o b e r » I U I 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 D u r i n g t h e w e e k e n d e d O c t o b e r 2 9 m e m b e r b a n k r e s e r v e b a l a n c e s d e c r e a s e d ^ 1 1 7 , 0 0 0 , 0 0 0 . R e d u c t i o n s i n m e m b e r b a n k r e s e r v e s a r o s e f r o m i n c r e a s e s o f $ 2 9 , 0 0 0 , 0 0 0 i n m o n e y i n c i r c u l a t i o n , $ 1 4 , 0 0 0 , 0 0 0 i n T r e a s u r y c a s h , a n d 1 1 1 0 , 0 0 0 , 0 0 0 i n n o n m e m b e r d e p o s i t s a n d o t h e r F e d e r a l R e s e r v e a c c o u n t s , a n d a d e c r e a s e o f , 0 0 0 , 0 0 0 i n R e s e r v e B a n k c r e d i t , o f f s e t i n p a r t b y i n c r e a s e s o f ^ > 1 0 , 0 0 0 , 0 0 0 i n 62 000,000 g o l d s t o c k a n d $ 5 ,0 0 0 ,0 0 0 i n T r e a s u r y c u r r e n c y , a n d a d e c r e a s e o f $ , i n T r e a s u r y d e p o s i t s w i t h F e d e r a l R e s e r v e B a n k s . E x c e s s r e s e r v e s o f m e m b e r b a n k s o n were O c t o b e r 2 9 e s t i m a t e d t o b e a p p r o x i m a t e l y 6 0 0 , 0 0 0 , 0 0 0 , a d e c r e a s e o f 60 000,000 $ , f o r t h e v w e k . C h a n g e s i n m e m b e r b a n k r e s e r v e b a l a n c e s a n d r e l a t e d i t e m s d u r i n g t h e w e e k ended a n d t h e y e a r O c t o b e r 2 9 , 1 9 U l * w e r e a s f o l l o w s : I n c r e a s e o r d e c r e a s e s i n c e O c t . 2 9 , O c t . 2 2 , O c t . 3 0 I9UI I9UI I9U0 ( I n m i l l i o n s o f d o l l a r s ) 5 + 1 + 1 B i l l s d i s c o u n t e d U. S. G o v e r n m e n t d i r e c t o b l i g a t i o n s 2,179 - 1 U 9 5 U. S. G o v e r n m e n t g u a r a n t e e d o b l i g a t i o n s 13 I n d u s t r i a l a d v a n c e s ( n o t i n c l u d i n g m i l l i o n 10 + 2 c o m m i t m e n t s - O c t o b e r 2 9 ) 51 - 42 + 15 O t h e r R e s e r v e B a n k c r e d i t 2,250 131 T o t a l R e s e r v e B a n k c r e d i t - U l - 22,796 10 +1,297 G o l d s t o c k + 3,219 163 Tr^i'.sury curren.';;/ + 5 + 12,632 -117 M s m b ' j r b a n k r e s e r v e b a l a n c e s - 1 , 5 4 5 M o n e y i n c i r c u l a t i o n 1 0 , 3 0 7 + 2 9 + 2 , 0 4 2 2,209 + 2 2 T r e a s u r y c a s h + 1 4 915 62 539 T r e a s u r y d e p o s i t s w i t h F. R. B a n k s - + 2,202 +110 271 N o n m a z n b e r d e p o s i t s a n d o t h e r F. R. a c c o u n t s + Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. K. 283-a Released for publication Friday morning, October 31* 19^1; no^ earlier, STAT3*EliT OF CONDITION OF THE F3D33RAL RESERVE BANKS 0013 IN ED T T E L V S (In thousands of dollars) Increase or decrease since Oct* 29, Oct. 22, Oct. 30, 19U1 19U1 19^0 i. S S 3 T S Gold certificates on hand and due from U. S. Treasury 20,559,027 1,002 +1,278,728 Redemption fund - F. R.notes 13,424 4- 135 + 3,351 Other cash 275,188 + 7,655 - 66,102 Total reserves 20,81+7,639 4* 6,738 +1,215,977 Bills discounted: Secured by U. S. Gov't obligations, direct and- guaranteed 1,741+ + 393 4* 700 Other bills discounted 3,410 + 1,216 4* 455 Total bills discounted 5,154 + 1,609 4* 1,155 Industrial advances 9,772 + 202 4* 1,579 U. S. Government securities, direct and guaranteed: Bonds 1,406,800 + 27,600 Notes 777,300 — - 176,300 Total U. S. Government securities, direct and guaranteed 2,184,100 — - 148,700 Total bills and securities 2,199,026 + 1,811 - 145,966 Due from foreign banks ■ 47 F. R. notes of other banks 35,734 2,537 4- 15,980 Uncollected items 993,098 - 76,963 + 233,745 Bank premises 40,945 - 38 - 361 Other assets 45,605 4- 1,188 - 9,929 T 0 T a L a S S C T S 24,162,094 - 71,751 *f 1,309,^6 L I A B I L I T I E S F. R. notes in actual circulation 7,335,166 4- 33,H9 +1,836,292 Deposits: Uember bank - reserve account 12,631,591 116,996 -1,544,9144 U. S. Treasurer - General account 914,827 - 62,351 + 539,120 Foreign 1,189,409 + 48,904 4* 97,578 Other deposits 720,534 + 61,129 4- 152,937 Total deposits 15,456,361 69,314 755,309 - - Deferred availability items 942,331 - 36,410 4- 218,686 Other liabilities including accrued dividends 5,192 + 804 4* 155 TOTAL LIABILITIES 23,789,050 - 71,301 +1,299,804 C A P I T A L A C C 0 U N T S Capital paid in 141,259 + 11 + 3,581 Surplus (Section 7) 157,065 4* 5,345 Surplus (Section IJb) 26,785 - 54 Other capital accounts 47,935 + 39 4- 770 TOTaL LIABILITIES CA^TLJL ACCOUNTS 24,162,094 - 71,751 +1,509,446 LV D Ratio of total reserves to deposit and F. R. note liabilities combined 91.3# + .25S 4- 1.1# Commitments to make industrial advances 13,238 - 336 4- 5,887 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 BkNKS ON OCTOBER 29, 1941 (In thousa.nds of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Linn. Kuns.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 20,559,027 1,212,500 8,330,759 1,321,542 1,659,253 776,230 515,740 3,411,372 612,746 353,268 511,282 376,473 1,477,862 Redemption fund - F.R.notes 13,421+ 4,593 1,696 566 506 1,088 266 771 810 508 399 662 1,559 Other cash 275,188 28,981 56,417 16,653 18,559 16,857 20,265 40,742 17,777 5,704 13,149 11,702 28,382 Total reserves 20,847,639 1,246,074 8,388,872 1,338,761 1,678,310 794,175 536,271 3,452,885 631,333 359,'480 524,030 388,837 1,507,803 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 1,744 300 595 193 132 — 34 25 157 HO 155 43 Other bills discounted 3^410 — 470 — 70 — 12 — — 45 2,264 478 71 Total bills discounted 5,154 3°0 1,065 193 202 — 46 25 157 155 2,4l9 521 71 Industrial advances . 9,772 1,845 1,096 3,724 208 782 275 347 500 479 96 283 137 U.S. Government securities, direct and guaranteed: Bonds 1,406,800 109,078 364,773 110,798 139,060 86,951 60,063 192,099 71,570 41,870 60,502 49,307 120,729 Notes 777,300 60,270 201,548 61,219 76,833 4 M 4 5 33,186 106,141 39,5^ 23,134 33,430 27,24+ 66,706 Total U. S. Gov't securities, direct and guaranteed 2,184,100 169,348 566,321 172,017 215,893 134,996 93,249 298,240 111,114 65,004 93,932 76,551 187,435 Total bills and securities 2.199,026 171,493 568,482 175,934 216,303 135,778 93,570 298,612 111,771 65,638 96,447 77,355 187,643 Due from foreign banks 47 3 18 5 1 2 2 6 1 * 1 l 4 F. R. notes of other banks 35,734 942 2,137 1,329 1,848 a 13,407 3,267 2,559 1,671 1,067 3,314 680 3,513 Uncollected items 993,098 96,581 234,492 65,229 127,287 75,407 44,595 145,180 44,750 27,115 4l,664 32,470 58,328 Bank premises 40,945 2,787 10,548 4,857 4,464 2,883 1,956 2,986 2,282 1,345 2,900 1,158 2,779 Other assets 45,605 3,255 11,737 3,ß30 4,835 3,032 1,896 5,759 2,131 1,371 1,902 1,598 4,209 T 0 T A L A S S E T S ,162,094 1,521,135 9,216,206 1,589,945 :2,033,109 1,024,684 681,557 3,907,987 793,939 456,016 671,058 502,099 1,764,279 ♦Less than ¿500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-c STATELIEST OF CONDITION OF THE FHD3&X RE3ELVE BANKS ON OCTOBER 29, 194I (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis L¿inn. Kans.Gy. DaLilas Sarl Fran. F.R. notes in actual cir­ culation 7,335»l66 613,381 1 , 896,3114 511,545 701,224 390,719 249,791 1,554,985 291,166 188,324 21+2,174 123,498 622,045 Deposits : Member bank-rosorve acct.12,631,591 673,950 5,527,163 786,44-6 970,646 450,790 287,522 1,931,260 353,130 168,340 306,1+75 266,077 909,792 U.S.Treasurer-General acct. 914,827 58,1614 393,063 64,116 65,100 31,740 38,714 81,743 45,391 35,363 30,071 33,475 37,331 Foreign 1,189,1+09 50,218 467,728 113,662 107,803 50,386 41,012 11+0,613 35,153 25,779 33,981 33,981 w r- f , ~\ 093 Other deposits 720,534- 9,969 596,105 13,050 30,977 7,874 8,654 5,471 12,121 6,552 2,597 1,407 25,757 Total deposits 15,1+56,361 792,301 6,984,059 977,274 l,i7l+,532 540,790 375,902 2,159,087 4146,295 236,034 373,124 334,940 1,062,023 Deferred availability items 942,331 89,363 205,802 66,058 122,302 76,601 4.1,831 14.5,624 44,436 21,838 44-, 256 31,953 52,267 Other liabilities including accrued dividends 5,192 476 1,320 563 507 459 370 5ï>3 161 123 193 186 281 TOT^L LIABILITIES 23,789,050 1,495,521 9,087,495 1,555,1440 1,993,565 1,008,569 667,394 3,860,249 782,058 44.6,319 659,747 '490,577 1,736,616 C A P I T A L A C C O U N T S Capital paid in 141,259 9,362 51,779 11,875 14,603 5,639 4,855 15,075 4,376 3,012 4, ^56 4,356 11,771 Surplus (Section "]) 157,065 10,906 56,447 15,144 14,323 5,247 5,725 22,824 4,925 3,152 3,613 3,974 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 Othe-r capital accounts 47,935 2,472 13,495 3,093 4,611 1,985 2,370 8,410 2,047 2,533 2,004 1,929 2,936 TOTAL LIABILITIES AND CAPITAL ACCC'JIJTS 24,162,094 1,521,135 9,216,286 1,539,945 2,035,109 1,024,684 681,557 3,907,987 793,939 456,016 671,058 502,099 Commitments to make industrial advances 13,238 551 4.63 2,174 1,227 1,196 1,028 1,600 395 28 1,501 23 3,052 MATURITY DISTRIBUTION OF BILLS AND SECURITIES ’Tithin lo to 31 to 6l to 91 days to 6 months 1 Year 2 Years to 0~er Total 15 days 30 days 60 days 9P days 6 months to 1 Year to 2 Years 5 Y^ars 5 YjiuTZ Bills discounted 5,1514 2,4-21+ 137 572 378 1,525 118 Industrial advances 9,772 2,788 392 415 54-0 866 1,641+ 1,701 1,1+26 U. S. Government securities, direct and guaranteed 2,184-, 100 84,800 66,200 208,200 54-8,300 1,276,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d FEDERAL RESERVE NOTE STATEMENT OiJ OCTOBER 29, I9I4I (In thousands of dollars) T o t a l B o s t o n H 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 L'artn. K a n s . C y . D a l l a s S a n F r a n . Federal Reserve notes: Issued to F.R.Bank by F.R.Agent 7,761,865 6)45,130 1,988,934 531,24l 730,561 4l4,378 271,412 1,589,203 312,391 194,322 25i+,460 136,916 692,917 Held by Federal Reserve Bank 376,699 31,7^9 92,620 19,696 29,337 23,659 21,621 3i+,2l8 21,225 5,998 12,286 13,2+18 70,872 In actual circulation 7,385,166 613,381 1,896,51!+ 511,5^5 701,221+ 390,719 2i+9,791 l,55^,985 291,166 108,324. 242,174 123,4.93 622,045 C o l l a t e r a l h e l d b y a g e n t 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 due from Treasury U . S . 7 , 9 0 1 , 0 0 0 6 5 5 , 0 0 0 2 , 0 0 0 , 0 0 0 5 ^ 0 , 0 0 0 7 3 5 , 0 0 0 4 5 0 , 0 0 0 2 7 5 , 0 0 0 1 , 6 2 0 , 0 0 0 3 2 9 , 0 0 0 1 9 7 , 0 0 0 2 5 5 , 0 0 0 r + 1 , 0 0 0 7 0 4 , 0 0 0 ¿ligibie paper ¿4,175 50o 1,065 193 — — -- — 157 151 2,309 Total collateral 7,905,175 655,300 2,001,065 540,193 735,ooo 450,000 275,000 1,620,000 329,157 197,151 257,309 141,000 704,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis