H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form 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 , N o v e m b e r 2 8 ; 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 7 , 1 9 U l C O N D I T I O N O F T I 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 N o v e m b e r 2 6 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 $1814., 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 $ 1 5 8 , 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 a n d 1 8 8 , 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 $ 3 , 0 0 0 , 0 0 0 i n g o l d s t o c k a n d $ 2 , 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 i n c r e a s e s o f $ 3 2 , 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 8 1 1 , 0 0 0 , 0 0 0 i n T r e a s u r y c a s h , a n d a d e ­ c r e a s e o f $ 2 3 , 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 . 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 26 N o v e m b e r 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 $ 3 * 8 0 0 , 0 0 0 , 0 0 0 , a n i n c r e a s e o f $ 1 1 0 , 0 0 0 , 0 0 0 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 2 6 , 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 Nov. 19, Nov. 27. N o v . 26 , 19hi 19U1 191+0 ( I n m i l l i o n s o f d o l l a r s ) ✓ 0 + 1 + 2 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 O a t i o n s 2,179 - 20 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 2 6 ) O t h e r R e s e r v e B a n k c r e d i t 81+ - 2k + 23 T o t a l R e s e r v e B a n k c r e d i t 2,28i+ - -3 + 8 G e l d s t o c k 22,781 + 3 +1,026 3.230 + 2 + l6l T r e a s u r y c u r r e n c y 13.126 +181+ -1,166 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 10,567 + 32 +2,102 M o n e y i n c i r c u l a t i o n T r e a s u r y c a s h 2,195 + 11 + 13 !tl+0 -158 + 21+1 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 N o n m e m b e r d e p o s i t s a n d e t h e r F. R. a c c o u n t s 1,966 - 88 3 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 233~a Released for publication Friday morning, November 28,194-1; not earlier. STATEMENT OF CONDITION OF THE T'.YELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov. 26, Nov. 19, Nov. 27, 1941 19I+1 ___194-0 A S S ¡ I T S Gold certificates on hand and due U. 20,554,021 - 2,512 +1,007,726 f r o m S . T r e a s u r y Redemption fund - F.R* notes 15,344 + 1,791 4,191 Other cash 258,491 702 - 40,247 Total reserves 20,827,856 - 1,423 + 971,670 Bills discounted: Secured by U* S. Gov’t obligations, direct and guaranteed 2,589 ♦ 1,234 + 1,380 Other bills discounted 3,320 299 + 694 Total bills discounted 5,909 + 935 + 2,074 Indus t r i a1 a dvanc e s 9,995 44 4* 2,379 U. S.Government securities, direct and guaranteed; Bonds 1,406,800 107,100 Notes 777,300 — - 127,200 Total U, S. Government securities, direct and guaranteed 2,184,100 - 20,100 Total bills and securities 2,200,004 + 891 - 15,647 Due from foreign banks 47 — — F.R. notes of other banks 32,634 - 4,274 + Q,026 Uncollected items 1,027,780 -216,080 + 239,067 Bank premises 41,060 26 - 188 Other ass3ts 43,862 + 1,129 - 6,989 T O T A L i i S S E T S 24,178,243 -219,783 +1,196,939 L I A B I L I T I E S F. R. notes in actual circulation 7,612,074 + 33,035 +1,908,9^5 Deposits: Member bank - reserve account 13,125,840 +184,009 -1,166,114 UaS.Treasurer - General account 440,327 -158,153 + 241,721 F oreign 1,029,399 - 16,843 - 123,394 Other deposits 648,302 - 59,3?i + 116,165 Total deposits 15,243,86s - 60,803 932,122 Leferrud availability iturns 943,708 -192,064 215,751 uth e r 1i ab i1it i e s including accrued dividends 5,525 + 526 + 437 LIABILITIES 23,805,175 -219,906 +1,193.011 T O T A L C A P I T A L A C C 0 U N T S Capital paid in 141,352 + 28 + 3,577 Surplus (Section 7) 157,065 --- + 5,345 Surplus (Section ljb) 26,785 ... - 54 O'the r capital a c c e unt s 47,866 + 95 - 4,940 TOTaL LIABILITIES AI1D CAPITAL ACCOUNTS 24,178,243 -219,783 +1,196,939 Ratio of total reserves to deposit and F. R, note liabilities combined 91. Ifo + .1% + .3% Commitments to make industrial advances l4,735 + 161 + 7,629 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F, R* 28J-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANES ON NOVEMBER 26, 191+1 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. Gold certificates on hand and due from Ü. S.Treasury 2O.55U.021 1,152,546 8,189,491 1,274,377 1,658,492 <803,016 517,277 3,494,083 6i4,36i 376,384 541,790 398,566 1,533,038 Redemption fund-F.R.notes 15,344 4,444 1,130 330 1,308 1,667 672 1,568 764 486 857 635 1,483 Other cash 258,491 26,301 50,756 15,717 16,900 18,459 18,845 38,199 19,453 5,226 12,276 10,861 25,498 i’otal reserves 20,827,856 1,183,291 8,241,377 1,290.424 1,676,700 823,742 536,794 3,533,850 634,578 332,096 554,923 410,002 1,560,019 BilIs discounted: Secured by U. S. Gov’t obligations, direct and guaranteed 2,589 27U 865 3^8 152 — ll+ 25 li99 l60 b5 29 118 Other bills discounted 3,320 — 1+0 lj.0 9U — 10 32 UOO 51 2,1+15 171 67 Total bills discounted 5,909 27I+ 905 1+28 2l+6 — 2k 57 899 211 2,1+80 200 185 industrial advances 9,995 1,955 1,095 3,671 203 771 U68 339 500 U9Ó 9k 272 131 I). S. Government securities, direct and guaranteed* Bonds 1,406,800 109,078 364,773 110,798 139,060 36,951 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 48,045 33,186 106,i4i 39,544 23,134 33,430 27,244 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,oo4 93,932 76,551 187,435 T o t a l b i l l s a n d s e c u r i t i e s 2,200,004 171,577 568,321 176,116 216,342 135,767 93,741 298,636 112,513 65,711 96,506 77,023 137,751 D u e f r o m f o r e i g n buni ks 47 3 18 5 U 2 2 6 1 * 1 1 4 banks 32,634 824 2,645 l,46l 1,462 11,889 2,806 3,H9 1,790 1,471 1,511 661 2,995 P. R. n o t e s o f o t h e r 1,027,780 96,457 257,119 68,587 138,590 80,086 42,075 140,509 43,251 26,298 40,347 36,083 58,378 U n c o l l e c t e d i t e m s 4l,060 2,787 10,659 4,855 4,451 2,935 1,952 2,936 2,282 1,343 2,887 1,151 2,772 B a n k p r e m i s e s 48,862 3,528 12,676 3,987 5,185 3,205 2, û42 6,231 2,315 1,459 2,017 1,726 4,491 O t h e r a s s e t s t o t a l a s s e t s 24,178,243 1,458,467 9,092,815 1,545,435 2,042,7344057,626 679,412 3,985,337 796,730 473,378 693,192 526,707 1,816,410 *Less than ^500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. H. 283-c STATEMENT OF CONDITION OF THE F5DSPAL RESERVE BANKS ON NOVEMBER 26, 1941 (In thousands of dollars) L I A B 1 L I T I E Total Boston New York Phila. Cleve. Rich. Atlanta Chicago 3t.Louis iviinn. Kans.Cy. Dallas San Fran. F. R. notes in actual circulation 7,612,074 631,310 1,955,827 538,083 725,452 Deposits: Lumber bank-reserve acct. 13,125,81+0 632,589 5,778,293 750,066 990,743 >3•S.Treasurer-General acct. Ui.0,327 28,169 95,426 45,414 38,021 28,61+1 20,030 39,153 34,81+2 33,792 22,548 25,7W+ 28,547 orsign 1,029,399 42,342 1+03,080 93,770 93,678 1+3,784 35,633 122,189 30,547 2?, 1+01 29,529 29,529 77,412 Otner deposits 61+8,302 6,858 526,259 10,305 31,002 10,567 3,058 4,713 10,418 3,102 2,106 1,092 28,822 Total deposits 15,243,868 710,458 6,803,058 904,555 1,153,44U 563,655 370,639 2,19,1+,263 Ì4Ì+3,893 252,741 397,726 349,907 1,099,524 L/jferred availability items 9^3^708 90,476 203,606 67,306 128,751 77,869 40,543 142,395 1+2,143 22,063 41,971 56,122 49,953 Other liabilities including accrued dividends 5,525 579 1,496 533 596 1+1+8 183 623 173 152 201 206 33O TOTAL LIABILITIES 23-,305,175 1,1+32,823 8,963,987 1,510,977 2,008,21+3 1,01+1,512 665,735 3,937,521 734,805 468,715 686,854 51^,209 1,788,734 C A P I T A L A C C O U N T S Capital paid in 141,352 9,368 51,796 11,866 14,603 5,61+9 4,86l 15,104 4,377 2,997 4,586 4,357 11,783 Surplus (Section 7j 157,065 10,906 56,447 15,144 14,323 5,247 5,725 22,324 4,925 3,152 3,613 3,974 10,785 Surplus (Section ljb) 26,785 2,874 7,070 4,393 1,007 3,244 713 1,429 533 l, 000 1,138 1,263 2,121 Other capital accounts 47,866 2,496 13,515 3,055 4,558 1,974 2,378 3,459 2,030 2,514 2,001 1,904 2,982 "OTAL LIABILITIES AND CAPITAL ACCOUNTS 2l+,178,243 1,458,1+6? 9,092,815 1,545,435 2,042,734 1,057,626 679,412 3,985,337 796,730 478,378 698,192 526,707 1,816,1+10 Commitments to make industrial advances 1U,735 U6l 1+58 2,305 1,197 956 1,771 1,600 1,2)+1+ 28 1,501 23 3,191 MATURITY D-ISTRIBUT'ON OF BILLS AND SECURITIES Within l6 to 31 to 6l to 91 days to 6 months 1 Year 2 Years to Over Total 15 days 3^ days 60 days 90 days 6 months to 1 Year to 2 Years 5 Y jars 5 Years: Bills discounted 5,909 3,166 225 438 178 1,836 66 Industrial advances 9,995 3,056 659 431 595 748 1,541 1,556 1,409 U. S. Government securities, direct and guaranteed 2,181+, 100 3).+, 300 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. E. 283-d. FEDERAL BGS ERVE NOTE STATEMENT Oll NOVEKBER 26, I9I4.I (In thousands of dollars) 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 * E 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 . p r 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 : 8,005,755 656,887 2,042,032 560,547 763,435 425,939 277,1447 1,653,221 316,091 199,388 257,993 144,131 708,644 I s s u e d t o F . R . B a n k b y F . R . A g e n t 393,681 25,577 86,205 22,464 37,983 26,399 23,082 52,986 17,440 5,629 11,037 15,157 69,722 H e l d b y F e d e r a l R e s e r v e B a n k 7,612,074 631,310 1,955,827 538,083 725,452 399,540 254,365 1,600,235 298,651 193,759 246,956 128,974 638,922 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 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 5,136,000 675,000 2,055,000 565,000 765,000 450,000 280,000 1,680,000 329,000 203,000 260,000 150,000 724,000 d u e f r o m U. S. T r e a s u r y 5,111 274 905 380 — — — — 899 199 2,454 E l i g i b l e p a p e r Total collateral 8,141,111 675,274 2,055,905 565,380 765,000 450,000 230,000 1,680,000 329,899 203,199 262,454 150,000 724,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis