H.4.1 Factors Affecting Reserve Balances of Depository Institutions

* For’m 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 S a t u r d a y m o r n i n g , N o v e m b e r 2 2 ; 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 n o t e a r l i e r • N o v e m b e r 2 1 , 1 9 U l 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 M S D u r i n g t h e w e e k e n d e d N o v e m b e r 1 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 i n c r e a s e d $ 2 3 5 * 0 0 0 , 0 0 0 . A d d i t i o n s t o 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 d e c r e a s e s o f $ 2 0 9 , 0 0 0 , 0 0 0 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 , $ 2 9 , 0 0 0 , 0 0 0 i n T r e a s u r y c u s n , a n d $ 2 6 , 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 i n c r e a s e s o f 91\b,00Q ,000 i n R e s e r v e B a n k c r e d i t a n d . ^ 6 , 0 0 0 , 0 0 0 i n T r e a s u r y c u r r e n c y , o f f s e t i n p a r t b y a n i n c r e a s e o f $ 6 3 , 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 a n d a d e c r e a s e o f 0 1 5 * 0 0 0 , 0 0 0 i & .^old s t o c k . E x c e s s r e s e r v e s o f m e m b e r 3 690 000 000 b a n k s o n N o v e m b e r 1 9 w e r e 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 ‘$ * , , , a n i n c r e a s e 4150 000,000 o f , f o r t h e w e 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 a n d t h e y e a r e n d e d N o v e m b e r 1 9 , 1 9 ^ 1 * 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 Nov. 12, Nov. 20, N o v . 1 9 , 191+1 I9I4I I9I4O (In millions of dollars) 1 5 1 B i l l s d i s c o u n t e d - + - - hi 2,179 U. S. G o v e r n m e n t dii ,=>ct o b l i g a t i o n s 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 - - - - 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 1 5 m i l l i o n 10 - 2 c o m m i t m e n t s - N o v e m b e r 1 9 ) + 108 1+6 1+9 O t h e r R e s e r v e B a n k c r e d i t + + 2,307 1+1+ 5 T o t a l R e s e r v e B a n k c r e d i t + + 22,778 - 15 +1,062 G o l d s t o c k 3,228 162 T r e a s u r y c u r r e n c y + 6 + 12.9Í42 +235 -1,185 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 + 63 10,535 +2,099 M o n e y i n c i r c u l a t i o n 2,131+ - 29 - h T r e a s u r y c a s h F, 598 -209 + 288 T r e a s u r y d e p o s i t s w i t h R . B a n k s F. 2,05U - 26 + 29 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 R. a c c o u n t s Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-a Released for publication Saturday morning, November 22, 19Ul; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov. 19, Nov. 12, Nov. 20, 19U1 19U1 19U0 A S S E T S Gold certificates on hand and due from U. S. Treasury 20,556/533 - ^99 +lj>06k,T5k Redemption fund - F.R. notes 13*553 - 18U + 2,881 Other cash 259,193 + 15*532 - ¿+5,1+95 Total reserves 20,829,279 + lU,8U9 ,022,120 Bills discounted: Secured by U. S. Gov’t obligations, direct and guaranteed 1,355 - 1,206 + 11*8 Other bills discounted 3>6l9 - 2i|2 + 720 Total bills discounted h» 97 h - 1 , 1^4-8 868 Industrial advances 10,039 ~ 26 2,127 U. S. Government securities, direct and guaranteed: Bonds 1J406,800 + 92,100 Notes 777,300 -- - 139,300 Total U. S. Government securities, direct and guaranteed 2,18)4,100 - 1+7,200 Total bills and securities 2,199,113 - l,klh - 14+, 205 Due from foreign banks Ifl Fa R. notes of other banks 36,908 + 814-3 + 15,230 Uncollected items 1,2U3,860 +295*33U + 367,228 3mk premises 141,086 + 131 - 188 Other assets U7,733 + 631 - 7,61+1 T O T A L A S S E T S 2^,398,026 +310,31^ +1,,352,514+ L I A B I L I T I E S F. R. notes in actual circulation 7>5r/9,039 + 58,679 +1,,909,297 Deposits: Member bank - reserve account 12,9^1,831 +235,13U -1.,181+, 888 II.S.Treasurer - General account 59S*U65 -208,28U 288,888 Foreign l,0U6,2lj.2 - 83,020 - 106,337 Other deposits 718,133 + 57,836 + 121,962 Total deposits 15,30l+,671 + 1,666 - 880,375 Deferred availability items 1,136,372 +250,l6l 318,226 Other liabilities including accrued dividends U,999 •____202 + 3U3 TOTAL LIABILITIES ,31+7,1+91 2l|,0 2 5 , 0 8 1 + 3 1 0 , 3 0 U Capital paid in ll|.l,32l+ + 22 + 3,574 Surplus (Section 7) 157,065 + 5,345 Surplus (Section 13^) 26,785 - 51+ Other capital accounts ¿47,771 - 12 - 3,812 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 2^,398,026 + * 10 ,J>lk 4-1,352,514+ Ratio of total reserves to deposit and F. R. note liabilities combined 91*0;i - .2% + M Commitments to make industrial advances II4,57U * 83 7,1+60 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 BANKS ON NOVEMBER 19, igl+1 (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 M i 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 d u e from u. S. Treasury 20,556,533 1,176,654 8,185,628 1,276,854 1,6144,865 808,313 528,213 3,458,127 611,185 379,08? 535,575 401,087 1,550,943 Redemption fund-F.R.notes 13,553 4,477 1,260 38O 1,354 1,002 694 612 77U 487 368 61+0 1,505 Other cash 259,193 27,326 52,530 18,064 19,892 16,608 17,325 36,786 19,261 4,977 12,400 10,396 23,628 Total reserves 20,829,279 1,208,457 8,239,418 1,295,298 1,666,111 825,923 546,232 3,495,525 631,220 384,553 548,343 412,123 1,576,076 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 , 1,355 — 255 368 162 — 35 34 230 29 118 d i r e c t a n d g u a r a n t e e d ill. H O 3,619 — 45 40 94 — 12 15 — 59 3,096 191 67 O t h e r b i l l s d i s c o u n t e d 4,974 — 3°0 408 256 — 26 50 3I4. 169 3,326 220 185 T o t a l b i l l s d i s c o u n t e d 10,039 1,958 1,095 3,705 198 775 469 344 500 497 95 272 131 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 ; 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 B o n d s 777,300 60,270 201,548 61,219 76,333 48,045 33,186 106,141 39,544 23,134 33,430 27,244 66,706 N o t e s Total U. S. Gov?t securities, ¡>7184,100 169,348 566,321 172,017 215,893 134,996 93,249 298,240 Hl,il4 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 Total bills and 2,199,113 171,306 567,716 176,130 216,347 135,771 93,744 298,634 111,648 65,670 97,353 77,043 187,751 s e c u r i t i e s Due from foreign banks ¡^j 3 18 5 4 2 2 6 1 * l 1 4 F. R. notes of other banks 36,908 916 2,905 1,642 1,934 12,521 3,188 2,922 3,357 879 2,850 746 3,o48 Uncollected items 1,243*860 117,161 373,006 78,681 139,395 90,902 46,102 154,749 47,147 30,862 48,315 47,o86 70,454 ;3ank premises 4l,086 2,787 10,659 4,865 4,463 2,927 1,956 2,986 2,283 1,343 2,887 1,151 2,779 Other assets [^7,733 3,444 12,325 3,810 5,117 3,121 2,005 6,109 2,272 1,432 1,991 1,667 4,44o T O T A L A S S E T S 24,398,026 1,504,074 9,206,o47 1,560,431 2,033,371 1,071,167 693,229 3,960,931 797,928 484,739 701,740 539,817 1,844,552 *Less than § 500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 19, 1941 (In thousands of dollars) L I A B I L I T I Total Cleve. B o s t o n N e w Y o r k P h i l 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 IViinn. K a n s . C y * D a l l a s F. R. notes in actual cir­ culation 7,579,039 629,507 1,948,691 530,949 717,573 398,840 253,780 1,595,927 297,079 193,059 246,321 128,139 639,174 Deposits: Member bank-reserve acct. 12,9)41,831 6)44,819 5,632,411 754,351 972,150 475,073 304,203 2,000,542 362,111 18)4,060 337,904 293,33^ 980,873 U.S.Treasurer-General acct. 598,1465 '44,420 170,876 50,925 49,531 37,193 33,525 34,644 38,025 42,766 26,629 34,210 35,721 Foreign 1,046,242 43,4^9 410,382 100,285 95,116 44,456 36,185 124,064 31,016 22,745 29,982 29,982 78,600 Other deposits 718,133 8,986 594,014 10,967 30,892 10,179 7,068 7,119 10,405 6,734 2,178 1,249 20,342 Total deposits 15,304,671 741,654 6,007,683 916,528 1,147,689 566,901 380,981 2,166,369 441,557 256,305 396,693 358,775 1,123,536 Deferred availability items 1,136,37? 106,756 319,459 73,113 133,061 88,896 44,634 150,306 47,283 25,578 47,212 41,218 53,856 Other liabilities including accrued dividends ¿^999 552 1,411 386 556 416 163 543 149 132 195 184 312 TOTAL LIABILITIES 24,025, ,478,469 9,077,244 1,525,976 1,998,879 1,055,053 679,558 3,.913,145 700,068 475,074 690,421 528,316 1,816,878 C A P I T A L A C C O U N T S Capital paid in 141,324 9,367 51,796 11,866 14,603 5,647 4,857 15,085 4,376 2,997 4,585 4,357 11,788 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 10,735 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 47,771 2,453 13,490 3,052 4,559 1,976 2,376 8,1^48 2,026 2,516 1,933 1,907 2,980 aND T O T a L L I A B I L I T I E S CAPITAL 504,074 9,206,047 1,560,431 2,- 033,371 1,071,167 693,229 3,,960,931 797,928 484,739 701,740 539,817 1,844,552 i i C C O U N T S Commitments to make industrial advances 14,574 462 458 2,286 1,218 968 1,771 1,600 1,249 28 1,501 23 3,010 i v i à 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 ¿ C U P I T I E S Tithin 16 to 31 to 6l to 91 days to 6 months 1 Year 2 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 4,974 1,609 240 6O8 379 2,069 69 Industrial advances 10,039 3,129 394 692 621 543 1,589 1,659 1,412 U^S. Government securities, direct and guaranteed 2,184,100 84,800 66,200 208,200 548,300 1,276,600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F.F. 283-d FfiDERÀL RÏSERV^ NOTE STATEMENT ON NOVEMBER 19, I9I.I ( I n t h o u s a n d s o f d o l l a r s ) New T o t a l B o s t o n Y o r k P h i l a . C l a 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 e d e r a l R e s e r v e n o t e s : 7,953,846 658,320 2,029,857 553,006 752,386 424,218 2J3,W> 1,650,775 314,923 199,913 256,4.96 137,755 702,751 I s s u e d t o F . R . B u n k b y F . R . A g e n t 374,807 23,813 81,166 22,057 34,813 25,378 19,666 54,848 17,844 6,854 10,175 9,6l6 63,577 H e l d b y F e d e r a l R e s e r v e B a n k In actual circulation 7,579,039 629,507 1,940,691 530,94? 717,573 398,840 253,780 1,595,927 297,079 193,059 246,321 128,139 639,174 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 o 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 U. S.Treasury 8,072,000 675,000 2,045,000 565,000 755,000 450,000 280,000 1,660,000 329,000 200,000 255,000 144,000 714,000 Bligible paper 4,151 — 300 368 — — — — 34 156 3,293 Total collateral 8,076,151 675,000 2,045,300 565,368 755,ooo 450,000 280,000 1,660,000 329,034 200,156 258,293 144,000 714,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis