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 l4; of the Federal Reserve System not earlier. November 13, 1941 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November member bank reserve balances increased 1 2 Additions to member bank reserves arose from decreases of 1 1 1 3 , 0 0 0 , 0 0 0 . in Treasury deposits with Federal Reserve Banks and in | 1 2 o , 0 0 0 , 0 0 0 .'¡¡¡32,000,000 nonmember deposits and other Federal Reserve accounts, and increases of in Reserve Bank credit and in gold stock, offset in part $ 1 6 , 0 0 0 , 0 0 0 ->5,0 0 0 , 0 0 0 by increases of in money in circulation and in Treasury ' 3 5 1 , 0 0 0 , 0 0 0 $ 1 8 , 0 0 0 , 0 0 0 cash. Excess reserves of member banks on November were estimated to be approx­ 1 2 imately 3,540,000,000, an increase of -¿130,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended November 1941, were as follows? 1 2 , Increase or decrease since Nov. Nov. Nov. 1 2 , 5, 1 3 , 1941 1941 1940 (In millions of dollars) Bills discounted 6 — + 2 U. S. Government direct obligations 2,179 — - 70 U. S.Government guaranteed obligations 5 Industrial advances (not including 15 million commitments - November 1 2 ) 1 0 — + 2 Other Reserve Bank credit 6 2 + 1 5 + 5 Total Reserve Bank credit 2,263 + l6 - 63 Gold stock 22,793 + 5 + 1 , 1 5 6 Treasury currency 3,222 + 1 + l6o Member bank reserve balances 1 2 , 7 0 7 + 1 1 3 - 1 , 3 4 5 Money in circulation + 1 0 , 4 7 2 5 1 + 2 , 0 7 7 Treasury cash 2 , 2 1 3 + 1 8 + 2 Treasury deposits with F, R, Banks 4 3 8 0 7 - 1 2 6 + Î O Nonmember deposits and other F. R. accounts 2 , 0 8 0 - 3 2 + 1 1 7 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Foi*m P. R. 283-a Released for publication Friday morning, November 14,1941; ~ot earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollrrs) I n c r e a s e o r d e c r e a s e s i n c e Nov. 12, 5* 13» N o v . N o v . 1941 1941 1940 Gold certificates on hand and due from TJ. S. Treasury 20,557,032 + 2 +1,163,234 Redemption fund - F. R. notes 13*737 818 4- 3,843 Othvr cash 21+3 * 66l - 14,482 - 64,507 Total reserves 20,8ll4.,L|.30 - 15,293 +1,102,570 Bills discounted: Secured by U. S# Gov’t obligations, direct and guaranteed 2,5^1 + 427 4* 1,610 Other bills discounted _____ 2 4- 568 Total bills discounted 6,ij22 + 425 2,178 4* Industrial advances 10,0o5 + 32 4- 1,850 U. S. Government securities, direct and guaranteed: Bonds 1,^06,800 + 76,800 Notes 777*300 - 146,800 — Total 1I. S. Government securities, direct and guaranteed 2,1814., 100 — - 70,000 Total bills and securities 2,200,587 + 457 - 65,972 Due from foreign banks k7 F. R. notos of other banks 36*065 - 2,152 4- 1 2 , 2 3 1 Uncollected items 9^-8*526 + 40,273 5,557 4- Bank premises ¿4-0,955 + 55 - 319 Other assets 1.4.7,102 + 992 - 8,043 T O T A L *1 S S 3 T S 2^*087,712 + 24,327 +1,046,074 L I A B I L I T I E S F. P. notes in actual circulation 7*520,360 + 45,301 +1,877,660 Deposits: member bank - reserve account 12,706,697 +112,267 -1,345,101 U.S. Treasur3r - General account 806,7^9 -126,471 4- 402,893 Foreign 1,129*262 - 17,889 4,H2 4* Other deposits 660,297 - 13,916 4* 97,561 Total deposits 15*303*005 - 46,009 - 840,530 Deferred availability items 886,211 + 24,633 + 2,501 Other liabilities including accrued dividends _____5*201 383 4- 266 TOTAL LIABILITIES ‘ 23,7lU,7?7 + £4,313 +1,039,897 I± ZII± I1 £°£ R 1 1 1 Capital paid in lq.1,302 + 18 + 3,583 Surplus (Section 7) 157*065 - - + 5,345 Surplus (Section 13b) 26,785 54 - Other capital accounts 4 2,697 - TOTivL LIABILITIES AND CaPITAL aCCOUKTS 2^,087,712 + 24,327 +1,046,074 Ratio of total reserves to deposit and R. note liabilities combined 91.2% - + . 7> Goinnitments to make industrial advances II4.,657 + 482 + 7,383 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Foria F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 12, I9I4I (In thousands of dollars) A S S E T S Total Boston New York Phila. Oleve. Rich. Atlanta. Chicago St.Louis Minn. Kans.Cy. Dallas Sar: Fran. Gold certificates on hand and due from U. S. Treasury 20,557,032 1,202,115 8,004,174 1,334,369 1,640,700 826,909 552,614 3,435,91+4 617,9.-6 382,063 5Í44,o65 402,346 1,553,307 Redemption fund- F.R.no-tes 13,737 4,512 1,389 431 1,398 1,316 215 655 731+ 495 375 646 1,521 Othor cash 243,661 23,241 49,654 13,912 15,624 15,106 13,220 35,459 18,526 4,823 14,396 n,495 22,705 Total reserves 20,314,430 1,229,368 8,115,217 1,340,712 1,657,722 043,331 571,049 3,472,058 637,236 K\ CO t' •v ; rH 1 559,336 '414,487 1,578,033 Bills discounted: Secured by U. S. Govft obligations $ direct and guaranteed 2,561 225 1,¿4+5 258 162 14 35 24 100 220 28 50 — Other bills discounted 3,861 34o 50 70 13 15 — 59 2,937 306 71 — — Total bills discounted 6,422 225 1,735 308 232 27 50 24 159 3,157 334 121 — Industrial advances 10.065 1,941 1,095 3,717 211 779 470 342 500 510 95 273 I32 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 41,370 60,502 49,307 120,729 ilotes 777,300 60,270 201,548 61,219 76,833 48,o45 33,186 106,141 39,54+ 23,134 33,430 27,2144 66,706 Total U. 0. Gov’t securities, direct and guaranteed 2,184,100 169,343 566,321 172,017 215,893 134,996 93,249 298,240 111,114 65,004 95,932 76,551 187,435 Total bills and securities 2,200,587 171,514 569,201 176,042 216,336 135,775 93,746 290,632 111,633 65,673 97,184 77,158 187,688 Due from foreign banks 47 3 18 5 4 2 2 6 l * 1 1 4 F. R. notes oî other banks ^ 1,112 4,904 1,000 1,373 13,279 2,473 2,373 2,858 838 3,164 833 1,853 uncollected items 948,526 86,822 191,397 60,450 130,912 84,547 38,285 148,632 42,179 28,371 U3, 41,811 51,270 8 0 0 Bank premise is 40,955 2,737 10,530 4,865 4,463 2,926 1,956 2,986 2,232 1,343 2,887 1,151 2,779 Cth-r asset3 47,102 3,376 12,245 3,796 5,020 3,117 l,9U4 5,995 2,238 1,417 1,957 1,631 4,3¿6 T S T A L „ S S E T S 24,087,712 1,495,482 8,903,512 1,594,070 2,015,830 1,082,977 709,455 3,930,732 793,432 485,023 708,329 537,077 1,825,993 *Less than y500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F o m ri1'. R. 2 8 J - G * S T A T E M E N T 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 N O V E M B E R 1 2 , 1 9 4 l ( 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 T I E 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 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. n o t e s i n a c t u a l c i r ­ 7,520,360 624,435 1,924,890 525,349 714,010 401,095 253,162 1,579,933 295,902 191,584 245,044 126,927 638,029 c u l a t i o n D e p o s i t s : 645,318 5,422,041 788,972 941,630 439,052 325,027 1,949,667 366,666 187,663 334,143 293,240 963,278 M e m b e r b a n k - r e s e r v e a c c t . 1 2 , 7 0 6 , 6 9 7 63,332 291,249 63,603 62,497 37,891 33,880 66,412 38,400 40,494 38,252 31,015 39,724 U . S . T r e a s u r e r - G e n e r a l a c c t . 8 0 6 , jU 9 1,129,262 47,823 442,131 108,220 102,642 47,974 39,043 133,880 33.U70 24,545 32,354 32,354 84,816 F o r e i g n 660,297 9,011 533,246 13,470 31,024 7,409 9,119 7,399 10,194 6,320 2,846 844 29,415 O t h e r d e p o s i t s T o t a l d e p o s i t s 15,303,005 765,489 6,688,667 974,265 1,137,793 582,326 407,07U 2,157,350 1+43,730 259,022 407,595 357,453 1,117,233 79,497 159,704 60,31+4 128,963 83,027 35,375 145,104 Ul,763 24,530 44,140 40,997 42,717 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 8 8 6 , 2 1 1 O t h e r l i a b i l i t i e s i n c l u d i n g 5,201 462 ,466 456 564 435 168 573 172 50 194 353 a c c r u e d d i v i d e n d s l I 2 0 8 23,714,777 1,469,333 8,774,727 1,560,414 1,981,330 1,066,883 695,779 3,832,963 786,567 475,336 696,987 525,571 1,798,332 T O T A L L I A B I L I T I E S C A P I T A L A C C 0 U N T S 141,302 9,362 51,734 11,866 14,603 5,643 4,353 15,078 4,376 3,017 4,505 4,357 11,773 C a p i t a l p a i d i n 157,065 10,906 56,1447 15,144 14,323 5,247 5,725 22,824 4,925 3,152 3,613 3,974 10,785 S u r p l u s ( S e c t i o n 7) 26,785 2,874 7,070 4,393 1,007 3,2U+ 713 1,1+29 533 1,000 1,133 1,263 2,121 S u r p l u s ( S e c t i o r j 1 3 b ) 47,703 2,457 13.U84 3,053 ¿+,567 1,960 2,380 8,433 2,031 2,513 2,006 1,912 O “'v^O O t h e r c a p i t a l a c c o u n t s T O T A L L I A B I L I T I E S A N D 24,087,712 1,495,482 8,903,512 1,594,870 2,015,330 1,082,977 709,455 3,930,732 798,432 485,023 708,329 537,077 1,825,993 C A P I T A L A C C O U N T S 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 14,657 1(49 46o 2,267 1,222 1,067 1,773 1,600 1,250 1,501 23 3,017 a d v a n c e s 2 8 M A T U R I T Y D 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 6l 91 / f i t h i n t o t o t o d a y s t o 6 m o n t h s 1 Y e a r 2! Y e a r s t o O v e r 15 30 60 90 6 1 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 2 Y'ears 5 Y e a r s 5 Y e a r s 6,422 2,989 354 653 h72 1,396 .. - __ B i l l s d i s c o u n t e d 5 8 I n d u s t r i a l a d v a n c e s 10,065 3,105 377 550 403 931 1 , 5 9 0 1,694 1,415 •— U. S. G o v e r n m e n t s e c u r i t i e s ÌS, 2,184,100 --- 04,800 66,200 548,300 1,276,600 d i r e c t a n d g u a r a n t e e d 2 0 8 , 2 0 0 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d FEDERAL RoiS^VF, note; STiiTrl/iENT OK NOv&uBER 12, 19ql ( 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 Nov/ Yor]' P h i la.. 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.dnr. K & n s . C y . D a l l a s Sj.n F r a n . F e d e r a l R e s e r v e n o t e s : F.R.Aeeat 7,901,975 652,61+1 ?,OKO,i*77 551,1?0 733,69] Ji2U,172 27li,07i| 1,639,211 312,9^5 196,559 255,1+57 133,62c 697,960 I s s u e d t o F . R . B a n k b y 301,615 28,206 95,507 25,771 2l+,681 23,077 20,912 59,270 17,003 l+,975 10,1*13 11,701 59,931 H j l d b y F e d - r u l R e s e r v e B a n k 7,520,360 6sli,U35 l,9?i+,890 525,3J.+9 7lU,oio 1+01,095 253,162 1,579,933 295,902 191,5311 ¿1+5,01^ 126,927 630,029 i n a c t u a l c i r c u l a t i o n C o l l a t e r a l h o 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 o o r t i f i c a t c 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 8 , 0 1 + 7 , 0 0 0 6 7 5 , 0 0 0 2 , 0 3 5 , 0 0 0 ,'000 7 1 + 0 , 0 0 0 1 + 5 0 , 0 0 0 2 0 0 , 0 0 0 1 , 6 6 0 , 0 0 0 3 2 9 , 0 0 0 2 0 0 , 0 0 0 2 5 5 , 0 0 0 li+1+,000 7 l l + , 0 0 0 5,558 225 258 2 +6 3,120 E l i g i b l e p a p e r 1 , 7 3 5 — — — — l+ ll Total collateral 8,j52,558 675,225 2,036,785 565,258 71+0,000 1+50,000 280,000 1,660,000 329,021+ 200,11+6 258,120 ll+l+.OOO 7ll+,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis