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, December 5i of the Federal Reserve System not earlier. December 14-, 19kl CO!® 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 During the week ended December 3 member bank reserve balances in­ creased Additions to member bank reserves arose from decreases $ 5 2 , 0 0 0 , 0 0 0 * of in Treasury deposits with Federal Reserve Banks, $ 1 1 9 , 0 0 0 , 0 0 0 $ 1 5 * 0 0 0 , 0 0 0 in Treasury cash, and in nonmember deposits end other Federal $ 6 9 # 0 0 0 , 0 0 0 Reserve accounts, and increases of in Reserve Bank credit and $ 5 # 0 0 0 , 0 0 0 in Treasury currency, offset in part bv an increase of $ 3 # 0 0 0 , 0 0 0 $ 1 5 0 , 0 0 0 , 0 0 0 in money in circulation and a decrease of in gold stock# Excess $ 1 1 , 0 0 0 , 0 0 0 reserves of member banks on December 3 were estimated to be approximately $3#860,000,000, an increase of $60,000,000 for the v-eck# Changes in member bank reserve balances and related items during the week and the year ended December 3# 19Ul# were as follows: Increase or decrease s inc e Dec • 3 Ijov. 26 Dec. b 1CM 19oL l9ho (¡In millions of dollars) Bills discounted 6 + 2 U» S» Government direct obligations 2,179 — - 11 U. S. Government guaranteed obligations 5 — - Industrial advances (not including 15 r.'il J ion corrdtncnts - December 3) 10 — + 2 0th-.r Reserve Bank credit 90 + 6 + 31 Total itcsjrvu Bank credit 2,289 + 5 + 23 Geld stool: 22,770 - 11 + 9I15 Treasury currency 3,233 + 3 + 159 Kemucr ba.ik reserve balances 13,178 52 - 976 + llon^y ir eircvslation 10,717 +150 +2,148 Treasury cash 2,180 - 15 - 2b Treasury deposits with F. R. Banks 321 -119 + 6 6 Nonnembor deposits and other F. P. accounts 69 - 89 1 , 8 9 7 - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 28>-a Released for publication Friday morning, December 5, 19^1; not earlier* STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Dec* Nov* 26, Dec* 1+, I9UI 19U1 19UQ A S S E T S Gold certificates on hand and due from U. S. Treasury 20,553,016 - 1,005 958,236 Redemption fund - F. R. notes 15,496 + 152 + 3,981 Other cash 236,263 - 22,228 - 38,220 Total reserves 20,804,775 - 23,081 + 923,997 Bills discounted: Secured by U. S. Govft obligations, direct and guaranteed 3,147 ♦ 558 + 1,562 Other bills discounted 2,420 900 - 130 Total bills discounted 5,567 342 + 1,432 Industrial advances 9,799 196 + 2,230 U* S. Government securities, direct and guaranteed: Bonds 1,406,800 + 110,900 Notes 777,300 — - 122,200 Total U. S* Government securities, direct and guaranteed 2,134,100 - 11,300 — Total bills and securities 2,199,466 538 - 7,638 Duo from foreign banks 47 — F. R.notes of other banks 31,472 - 1,162 + 10,811 Uncollected items 1,010,166 - 17,614 + 236,840 Bank premises 41,009 51 - 184 Other assets 49,568 + 706 - 6,685 T O T A L A S S E T S 24,136,503 - 41,740 +1,157,141 L I A B I L I T I E S F. P. notes in actual circulation 7,730,137 +118,063 +1,956,930 Deposits: Member bank - reserve account 13,178,056 + 52,216 975,517 9m U.S.Treasurer - General account 320,557 -119,770 + 65,641 Foreign 1,007,931 - 21,468 - 124,547 Other deposits 601,253 - 47,049 25,277 Total deposits 15,107,797 -136,071 -1,009,146 Deferred availability items 920,637 - 23,071 ■f 205,977 Other liabilities including accrued dividends 5,036 489 + 64 TOTAL LIABILITIES 23,763,607 - 41,568 + 1,153,825 C A P I T A L A C C O U N T S Capital paid in 141,281 71 + 3,391 Surplus (Section 7) 157,065 + 5,345 Surplus (Section 13b) 26,785 --- - 54 Other capital accounts 47,765 101 - 5,366 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,136,503 - 41,740 + 1,157,141 Ratio of total reserves to deposit and F, R.note liabilities combined 91. l> + • 3/° Commitments to make industrial advances 14,871 + 136 + 8,366 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 DECEMBER 3, 1941 (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 i,i , , k 638,600 80].,465 n 1,538,439 from u. s. Treasury 20.553,016 66,535 8,193,507 1 272 19 l, 530,069 3,487,774 608,115 370,002 534,802 4 ,464 Redemption fund -F.R.notes i5.ii.96 4,404 961 1,266 1,258 1,280 643 1,505 753 4-80 847 627 1,467 16,656 Other cash 236. >63 23,327 48,771 14,882 17,280 12,215 14,358 37,239 4,796 11,285 11,236 ?U,218 Total reserves 20,304,775 1,194,316 3,243,239 1,288,342 1,657,138 814,960 545,075 3,526,513 625,524 375,273 546,934 423,327 1,564,124 Bills discourted: Secured by J. 3, GovTt obligations, direct and guaranteed 3,147 900 1,155 5*3 152 — 61+ —12 5 12855 10 18 Other bills discounted 2,1+20 — 35 bO 93 — 10 49 292,023 99 42 discounted 9,5^7 900 1,190 553 245 74 29 125 174 2,108 109 60 T o t a l b i l l s — 9,799 1,944 1,095 3,44o 235 771 468 3I+3 500 507 93 272 131 I n d u s t r i a l a d v a n c c p 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 ri+Oo, 800 109,078 364,773 110,798 139,060 86,951 60,063 41,870 60,502 49,307 120,729 B o n d s *777*300 60,270 201,548 61,219 76,833 48,o45 33,186 23,134 33,430 27,21+4 66,706 N o t e s Total U. S. Gov’t securities, direct 'anir~;d 27184,100 169,348 566,321 172,017 215,893 134,996 93,249 298,240111,114 65,004 93,932 76,551 187,435 Total bills and securi'osl o s 2,199,466 172,192 568,606 176,010 216,373 135,767 93,791 298,612 111,739 65,685 96,133 76,932 .187,626 D u e f r o m foreign banks 47 3 18 5 4 2 2 6 l * 1 1 4 F. R. notes of ether banks 31,472 749 2,311 1,283 1,953 10,087 2,638 2,724 1,994 1,254 2,355 622 3,522 U n c o l l e c t e d items 1;0J.0,166 94,342 230,087 73,615 125,823 82,249 39,065 143,770 45,604 25,758 46,035 35,953 62,509 premises 41>009 2,732 10,640 4,855 4,451 2,935 1,952 2^990 2,273 l,34l 2,850 1,143 O rlnO B a n k Other assets 49> 560 3,536 12,732 3,931 5,284 3,226 2,092 6,354 2,380 1,510 2,087 1,759 4^627 T O T A L A S S E T S 24,136,503 1,4-63,470 9,067,633 1,548,041 2,011,026 1,049,226 684,615 3,985,970 739,520 470,3o6 696,475 539,737 1,324,984 *Less than v500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-c OF CONDITION OF THE FED BANKS ON MB s t a t e m e n t 'ERAL R ES E R V E D E C E R L I A B I L I T I E S Total F. R. notes in actual cir­ culation 7,730,137 Deposits: Member bank-reserve acct. 13,178*056 13. S.Treasurer-General acct. 520,557 Foreign 1 , 0 0 7 , 9 3 1 Other deposits 6 0 1 , 2 5 5 * 1—1 1—1 (In thousands of dollars) Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 639,872 1,981+, 3^4 51+3,635 732,711+ 1+10,555 262,751 1,622,070 30l+,ll+0 196,882 252,217 133,182 61+7,775 61+5,866 5,828,826 75I+, 81+5 982,657 1+75,318 321,060 2,00l+,688 360,1+67 185,261 339,275 307,233 972,560 18,01+2 55,1+02 34-, 022 22,213 17,955 7,441+ 1+7,342 28,556 26,825 18,058 21,892 22,806 1+0,381 595,378 96,81+9 91,857 1)2,933 3l+,9l+6 119,813 29,953 21,966 28,955 28,955 75,945 8,235 1+75,611 13,190 31,01+9 8,552 7,11+2 5,227 9,600 8,299 l+,858 2,15U 27,336 Total deposits •, q ,107,797 712,521+ 6,755,217 89d,90Ó 1,127,776 541+,758 370,592 2,177,070 428,576 242,351 391,11+6 360,231+ 1,098,61+7 Deferred availability items 920,637 90,002 197,863 70,721 115,1+83 77,1+01 37,429 138,1+35 44,771 21,758 1+1,571+ 34., 61+2 50,558 Other liabilities including accrued dividends 5,036 1+71 1,1+71 1+03 535 1+18 169 557 151 146 203 183 329 total liabilities 23,763,607 1,1+1+2,869 8,938,895 1,513,665 1,976,508 1,033,132 670,91+1 3,938,132 777,638 1+61,137 685,11+0 528,21+1 1,797,309 C A P I T A L A C C O U N T S Capital paid in 11+1,281 9,368 51,800 11,781 ll+,607 5,61+9 i+,860 15,106 4-, 377 2,998 4-, 589 l+,357 11,789 Surplus (Section 7) 157,065 10,906 56,1+1+7 15,141+ 14-, 323 5,21+7 5,725 22,824 i+,925 3,152 3,613 3,971+ 10,785 Surplus (Section 13b) 26,785 2,871+ 7,070 4,393 1,007 3,241+ 713 1,1+29 533 l,000 1,138 1,263 2,121 Other capital accounts 1+7,765 2,1+53 13,421 3,058 1+.581 1,951+ 2,376 8,479 2,047 2,519 1,995 1,902 2,980 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 2l+,136,503 1,1+68,1+70 9,067,633 1,51+8,01+1 2,011,026 1,01+9,226 68l+,6l5 3,985,970 789,520 1+70,806 696,1+75 539,737 1^821+, 981+ Commitments to make industrial advances ll+,871 1+61 1+58 2,515 1,201+ 9I+I 1,771 1,600 1,236 28 1,501 23 3,133 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 6l to 91 days to 6 months 1 Yoar 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 5,567 3,21+7 I9I+ 258 25I 1,570 1+7 ... ... Industrial advanees 9,799 3,111 731 137 593 1,099 1,221 1,523 1,381+ — U. S. Government securities, direct and guaranteed 2,l8l+, 100 8l+, 66,200 208,200 51+8,300 1,276,600 — — ----- — 8 0 0 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 233-d FEDERAL RESERVE NOTE STATEMENT ON DECEMBER 3, 191+1 (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 . O l s 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 : 8,089,1+30 661+,929 2,070,082 565,372 7oi+,57S .'+33,392 281,576 1,665,705 320,512 201,71+7 262,9o2 11+4,578 713,997 I s s u e d t o F . R . B a n k b y F . R . A g e n t Said 359,293 25,057 85,738 21,737 31,861+ 22,337 18,825 1+3,635 16,372 4,865 10,74-5 11,396 66,222 b y F e d e r a l R e s e r v e B a n k 639,872 98 262,751 1 622 070504,140 196,882 252,217 i n a c t u a l c i r c u l a t i o n ■ 7 , 7 3 0 , 1 3 7 l , ]+,341+ 5 1 + 3 , 6 3 5 7 3 2 , 7 1 4 U i o , 5 5 5 , , 1 3 5 , 1 8 2 6 1 + 7 , 7 7 5 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 )S o n h a n d a n d d u e f r o m U. S. T r e a s u r y 8 , 2 1 1 , 0 0 0 6 7 5 , 0 0 0 2 , 0 8 5 , 0 0 0 5 9 0 , 0 0 0 7 7 0 , 0 0 0 4 5 0 , 0 0 0 2 9 0 , 0 0 0 1 , 6 8 0 , 0 0 0 3 2 9 , 0 0 0 2 0 3 , 0 0 0 2 6 5 , 0 0 0 1 5 0 , 0 0 0 7 2 i + , 0 0 0 4-,987 1,190 513 167 E l i g i b l e p a p e r 9 0 0 — — — — 1 2 5 2 , 0 9 2 Total collateral 8,215,987 675,900 2,086,130 590,513 770,000 i+50,000 290,000 1,680,000 329,125 203,167 267,092 150,000 724-,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis