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, November 7; the Federal Reserve System not earlier. November 6, 1941 CONDITION OF THE FEDERAL RESERVE BANKS During, the week ended November 5 member bank reserve balances decreased $38»000,000. Reductions in member bank reserves arose from increases of $114., 000,000 in money in circulation and $18,000,000 in Treasury deposits with Federal Reserve Banks, and decreases of $8,000,000 in gold stock and $3*000,000 in Reserve Bank credit, offset in part by decreases of $90*000*000 in nonmember deposits and other Federal Reserve accounts, and $li|,000,000 in Treasury cash and an increase of $2,000,000 in Treasury currency. Excess reserves of member banks on November 5» following the increase in reserve requirements effective November 1, were estimated to be approximately $3*410,000,000, a decrease of &1,190,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended November 5# 194-1» were as follows: Increase or decrea.se since Nov. 5* Oct. 29, Nov. 6, 1941 19Ul 1940 (In millions of dollars) Bills discounted 6 + 1 + 2 U. S. Government direct obligations 2,179 — - 14-3 U. S. Government guaranteed obligations 5 Industrial advances (not including 14- million commitments - November 5) 10 -- + 2 Other Reserve Bank credit 47 - 4 + 25 Total Reserve Bank credit 2,247 " 3 “ 115 Gold stock 22,788 - 8 +1,207 Treasury currency 3,221 + 2 + l6l Member bank reserve balances 12,594 - 38 •’1*385 Money in circulation 10,421 + ll4 +2,036 Treasury cash 2,195 - 14 - 26 Treasury deposits with F. R. Banks 933 + 1 8 + 468 Nonmember deposits and other F. R. accounts 2,112 - 90 + l60 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-a Released for publication Friday morning, November 7* 19Ul; no^ earlier. STATEMENT OF COH)IT1OH OF THtS TWELVE FEDERAL RESERVE BANKS COMBINED fin thousands of dollars) I n c r e a s e o r d e c r e a s e s i n c e Nov. 5, 29, 1'07. 6, O c t . 19U1 1941 1940 A S S E T S Gold certificates on hand and due from U. S. Treasury 20,557,030 - 1,997 +i,,232,729 Redemption fund - F. R. notes 14,555 + 1,131 + 5,160 Other cash 258,143 - 17,01+5 - 51,644 Total reserves 20,829,728 - 17,911 +1,186,245 Bills discounted: Secured by 0, S. Gov’t obligations, direct and guaranteed 2,13U + 390 + 1,185 Other bills discounted 3,863 + 453 + 321 TotaI bills discounted 5,997 + 843 1,506 Industrial advances 10,033 + 261 + 1,872 U, S. Government securities, direct and guaranteed: Bonds 1,406,800 <■* 29,100 — Notes 777,300 — - 172,300 Total U. S.Government securities, direct and guaranteed 2,184,100 - - li+3,200 Total bills and securities 2,200,130 + - 139,822 i , i o k Due from foreign banks 47 --- F. R. notes of other banks 38,217 + 2,483 + 17,247 Uncollected items 908,253 - 84,845 + 211,347 Bank premises 40,900 45 - 358 Other assets 46,110 + 505 - 9,254 T O T A L A S S E T S 24,063,385 - 98,709 +1.,265,405 L I A B I L I T I E S F. R. notes in actual circulation 7,475,059 + 89,893 +1,8U5,U83 Deposits; Member bank - reserve account 12,594,430 - 37,161 ~1,38U,988 U.S. Treasurer - General account 933,220 + 18,393 •f 467,952 Foreign 1,147,151 - 42,258 + 25,050 Other deposits 674,213 - 46,321 ■f 115,800 Total deposits 15,349,014 -107,347 - 776,186 Deferred availability items 861,573 - 80,758 186,329 Other liabilities including accrued dividends 4,818 374 + 487 TOTAL LIABILITIES 23,690,464 - 98,586 +1,256,113 Capital paid in 141,284 + 25 + 3,564 Surplus (Section 7) 157,065 — + 5,345 Surplus (Section 13b) 26,785 --- 54 - Other capital accounts 47,767 148 + 437 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,063,385 - 93,709 +1,265,405 Ratio of total reserves to deposit and F.R. note liabilities combined 91.3# + 1.0% — Z non Commitments to make industrial advances 14,175 + 937 + 6,88? Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283”t> STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 5, 1941 (In thousands of dollars) A S S E T S Total Phi la. Rich. Atlanta Chicago St.Louis Kinn. Kans.Cy. B o s t o n N e w Y o r k C l e v e . D a l l a s S a n F r a n . Gold certificates on hand and due from U. S. Treasury20,557,030 1,243,653 8,129,318 1,320,501 1,654,654 802,040 534,356 3,447,414 625,473 363,937 532,530 596,631 1,500,675 Redemption fund - F.R.notes 14,555 4,552 1,540 499 1,450 1,689 241 710 797 500 385 654 1,533 Other cash 258,143 27,924 49,531 15,554 20,570 12,969 17,915 38,041 18,311 5,397 13,441 11,391 26,399 Total 20,829,728 1,276,129 8,180,339 1,336,554 1,676,674 817,493 552,512 3,486,165 644,581 374,584 546,356 409,176 1,529,110 r e s e r v e s 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 ’t o b l i g a t i o n s , 300 1,015 223 132 — 14 25 57 75 215 28 50 d i r e c t a n d g u a r a n t e e d 2 , l 3 h -- 580 50 70 -- 9 — - 45 2,707 331 71 O t h e r b i l l s d i s c o u n t e d 3 , 3 6 3 T o t a l b i l l s d i s c o u n t e d q q q j 300 1,595 273 202 — 23 25 57 120 2,922 359 121 ' 1,941 1,096 3,732 207 781 456 341 500 474 96 273 136 I n d u s t r i a l a d v a n c e s 1 0 , 0 3 3 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 : 1 406,800 109,078 364,773 110,798 139,000 86,951 60,063 192,099 71,570 41,870 60,502 49,507 120,729 B o n d s , ¿ 60,270 201,548 61,219 76,833 48,045 33,186 106,141 39,544 23,134 33,430 27,244 66,706 N o t e s 7 7 7 , 3 0 0 8 T o t a l U. . G o v ’t s e c u r i t i e s , 2 1814-,100 169,543 566,321 172,017 215,893 134,996 93,249 298,240 111,114 65,004 93,932 76,551 187,435 d i r e c t a n d g u a r a n t e e d , T o t a l b i l l s a n d s e c u r i t i e s p ^ ) Q 171,539 569,012 176,022 216,302 135,777 93,728 298,606 111,671 65,598 96,950 77,183 187,692 D u e f r o m f o r e i g n b a n k s ¿47 3 18 £ 4 2 2 6 1 * l 1 i, 1 .r , b\ li. 38,217 990 4,170 033 2,220 14,077 2,632 2,489 2,621 1,436 2,445 890 3,401 n o t e s o f o t h e r b a n k s 95,003 168,249 57,577 117,500 79,504 52,471 131,413 42,495 25,246 42,347 36,422 59,966 U n c o l l e c t e d i t e m s 9 0 8 , 2 5 3 2,787 10,530 4,853 4,463 2,083 1,956 2,986 2,282 1,343 2,887 1,151 2,779 B a n k p r e m i s e s 1 * 0 * 9 0 0 3,326 11,330 3,600 4,941 3,032 1,924 5,882 2,191 1,428 1,937 1,636 4,295 O t h e r a s s e t s 1 * 6 , 1 1 0 r O'.T A L A S S E T S 24,003,385 1,549,887 8,944,206 1,579,529 2,022,112 1,052,773 705,225 3,927,547 805,842 469,635 692,923 526,459 1,707,247 500 * L e s s t h a n Ì . Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F* R. 283-c STATEMENT OF CONDITION OF THE FED3RAL RESERVE BANKS ON NOVEMBER 5, I9I4I (In thousands of dollars) L I A B I L I T I E S Total Boston New York, Phila. Cleve. Rich, xit 1 ant a Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual cir­ culation 7,1+75,059 618,769 1,920,566 . 520,655 705,431 396,916 253,179 1,571,327 294,796 190,657 244.,750 126,921 631,092 Deposits: Member bank-reserve acct. 12,594,430 690,34s 5,393,94-7 769,874 945,767 472,846 313,623 1,909,797 366,626 179,687 326,9bl 205,4-89 939,465 U.S.Treasurer-General acct. 933,220 61+, 871 338,605 74-, 087 07,593 31,981+ 31,627 133,449 -.5,559 36,373 33,527 32,700 22,765 Foreign 1,11+7,151 50,005 41+6,535 110,132 iol+,455 4.8,821 39,738 136,245 34-, 061 24-, 978 32,926 32,926 06,329 Other deposits 671+, 213 13,841+ 51+7,632 9,376 31,071 8,118 8,391 5,627 10,379 6,638 2,360 971 29,793 Total deposits 819,068 6,726,719 963,469 1,168,886 561,769 393,379 2,185,118 456,625 21+7,676 395,782 352,166 1,078,357 15,34-9,012+ Deferred availability items 861,573 35,939 166,860 60,509 112,801 77,589 41+,661 122,848 42,402 21,485 40,870 35,691 49,833 Other liabilities including accrued dividends 1+,818 525 1,291 357 [ —r ; ! isbjeVl 4ol+ 333 1+93 150 133 182 170 297 TOTaL LIABILITIES 23,690,401+l,52l+,301 8,815,1+36 1,51+5,070 1,907,601 1,036,670 691,552 3,879,786 793,973 459,951 631,581+ 514,948 1,759,504 C A P I T A L A C C O U N S T Capital paid in l4l,284 9,362 51,779 11,866 14,602 5,639 4-, 855 15,078 4,376 3,013 4,504 4-, 357 11,773 Surplus (Section 7) 157,065 10,906 56,41+7 15,11+4 14,323 5,2/47 5,725 22,824 4,925 3,152 3,613 3,974 10,705 Surplus (oection 13^) 26,785 2,071+ 7,070 4,393 1,007 3,241+ 713 1,429 533 1,000 1,138 1,263 2,121 Other capital accounts 47,787 2,441+ 13,474 3,056 4-, 579 1,965 2,380 8,1+30 2,035 2,519 2,004- 1,917 2,984- TOTAL LIaBILITISS AND capital accounts 2l+,063,385 1,54-9,007 0,941+,20Ó 1,579,529 2,022,112 1,052,773 705,225 3,927,547805,042 469,635 692,923 526,459 1,707,247 Commitments to make industrial advances li+,175 44-9 46o 2,237 1,227 1,081 1,776 1,600 745 20 1,501 23 3,01+0 maturity due OF BILLS AFD SECURITIES î T R I B U T I O N Vfi thin 16 to 31 "bo 6l to 91 days to 6 months 1 Year £] Years to Over Total 15 days 30 days 60 days 90 days 6 months to 1 Year to 2 Years 5 Years 5 Years bills discounted 5,997 2,826 293 572 343 1,901+ 59 — Industrial advances 10,033 3,042 398 671 693 471+ 1,616 1,722 1,417 U. S.) Government securities, direct and guaranteed 2,18i.|., 100 — — -- 8)+, 800 66,200 208,200 51+8,300 1,276,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d FSDERkL RESERVE NOTE STATEMENT ON NOVEMBER 5, 19U1 (In thousands of dollars) T o t a l B o s t o n N o w Y o r k P h i l a . C l u v a . 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 M i n n * K & 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 : Issued to t. R. by F.B.A^ont 7,816,607 652,1+87 2,002,170 542,794 732,631 .¡¡19,293 270,906 1 600,917 313,746 196,101+ 254,Ul2 139,08? 692,060 B a n k , Held by Federal Reserve 341,548 33,713 8l,60l+ 22,139 27,200 22,377 17,727 29,590 18,950 5,447 9,662 12,166 60,968 S a n k ' 618,769 253,179 1 571,327 294,796 190,657 2 4+,750 126,921 631,092 I n a c t u a l c i r c u l a t i o n 7 , 1 + 7 5 , 0 5 9 1 , 9 2 0 , 5 6 6 5 2 0 , 6 5 5 7 0 5 , 1 + 3 1 3 9 6 , 9 1 6 , I J i o l l a t o 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 565 d u e f r o m U . S . T r e a s u r y 7 , 9 8 8 , 0 0 0 6 7 5 , 0 0 0 2 , 0 1 0 , 0 0 0 , 0 0 0 7 5 5 , 0 0 0 1 + 5 0 , 0 0 0 2 7 5 , 0 0 0 1 , 6 1 + 0 , 0 0 0 3 2 9 , 0 0 0 1 9 7 , 0 0 0 2 5 5 , 0 0 0 l i + 3 , 0 0 0 7 l ! + , 0 0 0 5,177 500 223 S l i g i b l e p a p e r ' 1 , 5 9 5 " ~ — — 5 7 n 6 2 , 8 8 6 Total collateral 7,993,177 675,300 2,011,595 565,223 755,000 1+50,000 275,000 1,61+0,000 329,057 197,116 257,836 11+3,000 714,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis