H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. L. 283 S T A T E M E N T F ^ 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 ' a r d o f G o v e r n o r s F r i d a y m . r n i n g , D e c e m b e r 1 2 ; :sf t h e F e d e r a l R e s e r v e S y S ’t e m 9 1 n o t e a r l i e r . D e c e m b e r U „ I I I 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 D u r i n g t h e w e e k e n d e d D e c e m b e r 1 0 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 •vi|.l,000,000. A d d i t i o n s t : m e m b e r b a n k r e s e r v e s a r : s e f r o m a d e c r e a s e o f 64 I I .,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 i n c r e a s e s o f ; £ 4 , 0 0 0 , 0 0 0 i n g o l d s t ^ c k a n d 3 3 » 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 d e c r e a s e o f ' , 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 a n d i n c r e a s e s o f ¿ 1 1 7 , 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 , -;5,0 0 0 , 0 0 0 i n T r e a s u r y c a s h , a n d y 4 , 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 , 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 D e c e m b e r 1 0 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 -'„3,34-0,000,000,. a d e c r e a s e o f 20 000,000 •¡ , f o r t h e w e e k . T h e p r i n c i p a l c h a n g e i n h o l d i n g s of b i l l s a n d s e c u r i t i e s w a s t h e a d d i t i o n o f $ 1 2 , 0 0 0 , 0 0 0 o f U n i t e d S t a t e s T r e a s u r y b i l l s t o h o l d i n g s o f U n i t e d S t a t e s G o v e r n m e n t s e c u r i t i e s . 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 D e c e m b e r 1 0 , 1 9 4 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 Dec. 3, Dec, 11 D e c . 10, i?4i 1941 1940 ( I n m i l l i o n s o f d o l l a r s ) 4 - 2 1 B i l l s d i s c o u n t e d 2,191 ♦ 12 + 12 U. S. G o v e r n m e n t d i r e c t 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 -- + 3 c o m m i t m e n t s - D e c e m b e r 1 0 ) 75 - 15 + 31 O t h e r R e s e r v e B a n k c r e d i t 2,286 - 3 + 45 T o t a l R e s e r v e B a n k c r e d i t 22,774 * 4 + 916 G o l d s t o c k 3,236 ♦ 3 + 159 T r e a s u r y c u r r e n c y 13,219 + hi - 933 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 10,834 +117 +2,209 M o n e y i n c i r c u l a t i o n 2,185 + 5 - 12 T r e a s u r y c a s h 157 -164 - 78 T r e a s u r y d e p o s i t s w i t h F, B a n k s 1,901 ♦ 4 - 65 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# b\ 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 Friday morning, December 12,19/4-1; not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Dec* 10, Dec. 3, Dec. 11, 1941 1941 1940 A S S E T S Gold certificates on hand and due from rJ. S. Treasury 20,551,015 - 2,001 Hh 921,235 Redemption fund - F. R. notes 15,352 144 + 3,837 Other cash 231,589 - 4,674 - 37,933 Total reserves 20,797,956 - 6,819 837,139 Bills discounted: Secured by U. S. Govrt obligations, direct and guaranteed 1,452 - 1,695 - 805 Other bills discounted 2,60S + 188 + 79 Total bills discounted 4,060 - 1,507 - 726 Industrial advances 9,772 27 2,280 U. S. Government securities, direct and guaranteed: Bonds 1,406,800 — 122,200 Notes 777,300 — - 122,200 Bills 12,370 + 12,370 12,370 Total U. S. Government seouriti s, direct and guaranteed 2,196,470 ♦ 12,370 ♦ 12,370 Total bills and securities 2,210,302 + 10,836 13,924 — Due from foreign banks 47 F. R. notes of oth^r banks 32,071 + 599 10,606 Unc o 11 ect od it ems 955,521 - 74,645 + 149,863 Bank promises 41,051 + 42 - I09 Other assets 52,484 + 2,916 - 6,563 T O T A L A S S E T S 24,069,432 - 67,071 +1,054,800 L I A B I L I T I E S F. R. notes in actual circulation 7,838,397 +108,260 +2,019,064 Deposits : member bank - reserve account 13,219,388 + 41,352 - 933,Ooo U.S.Treasurer - General account 157,141 -163,4.16 - 78,327 Foreign 935,053 - 72,873 - 170,527 Other deposits 678,098 + 77,445 96,891 Total deposits 14,990,280 -117,517 -1,085,029 Deferred availability items 860,131 - 60,50o + 118,573 Other liabilities inc 1 udin;: accrued dividends 7,537 + 2,501 - 224 TOTAL LIABILITIES 23,696,345 - 67,262 U , 052,381+ C A P I T A L A C C 0 TJ N T S Capital paid in 141,305 + 24 + 3,361 Surplus (Section 7) 157,065 — 5,545 Surplus (Section 13b) 26,785 — - 54 Other caoital accounts 47,932 -1- 167 - 6,236 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,069,432 • 67,071 +1,054,300 Ratio cf total reserves to deposit and F. P. not:- liabilities combined 91.1# -- + .2% Commitments to make industrial advances 14,937 + 06 + 8,508 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form P. R* 233“b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 10, 19Ul (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 3 H i n n . K a n s . C y . D a l l a s Sim 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 20,551,015 1,165,549 8,155,540 1,265,764 1,655,933 800,532 535,289 3,520,203 601,977.366,945 535,303 395,446 1,552,534 t'rom ü. S. T r e a s u r y 4,270 1,564 1,091 1,078 1,716 524 1,286 686 417 78t> 588 1,346 r e d e m p t i o n f u n d - F * R . n o t e s 25 1 5 1 * ,5 3 8 5 9 2 20,901■ 46,6?4 14,7H 13,730 15,264 16,811 37,473 16,107 4,812 10,551 11,418 23,057 O t h o r c a s h 20,797,956 1,190,720 8,203,798 1,281,566 1,670,741 817,512 552,624 3,558,962 618,830 372,174 546,640 407,452 1,576,937 T o t a l 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 , 1,452 100 375 523 132 64 100 80 60 18 d i r e c t a n d g u a r a n t e e d — — — 2,608 25 40 7 29 15 2,206 I63 24 O t h e r b i l l s d i s c o u n t e d — ?9 — — 4,060 100 40o 563 231 71 29 115 2,286 223 42 T o t a l b i l l s d i s c o u n t e d — 9,772 1,943 1,095 3,375 241 770 474 349 500 528 94 272 131 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 : 1,406,800 108,992 365,632 110,844 139,093 86,771 59.997 191,860 71,409 41,803 60,418 49,271 120,710 B o n d s 777,500 60,222 202,022 61,246 76,855 47,943 33,149 106,0j7 39,455 23,098 33,382 27,224 66,697 N o t e s 12,370 958 3,215 975 1,223 763 1,687 628 368 531 433 1,061 B i l l s ^28 T o t a l U. S. G o v Tt s e c u r i t i e s , 2,196,470 170,172 570,869 173,065 217,171 135,477 93,674 299,554 ill, 49- 65,269 94,331 76,928 188,468 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 2,210,302 172,215 572,364 177,003 217,643 136,247 94,219 299,932 m,992 65,912 96,711 77,423 138,641 s e c u r i t i e s 4.7 3 18 5 4 2 2 6 1 * l 1 4 D u e f r o m f o r e i g n b a n k s *2 74l 3,124 1,191 1,636 9,603 2,000 2,651 2,250 922 3,721 F. R. n o t e s o f o t h e r b a n k s 0 7 1 2 , 8 2 2 8 1 0 935,521 88,209 205,451 65,830 114,120 78,813 42,087 133,093 45,350 25,873 41,576 35,434 59,685 U n c o l l e c t ? d i t e m s 41,051 2,782 10,661 4,876 4,451 2,935 1,952 2,980 2,273 1,341 1,143 2,772 B a n k p r e m i s e s 2 , 8 8 0 52,484 3,098 13,139 5,781 5,392 3,283 2,119 6,497 2,422 1,540 2,116 1,786 4,711 O t h e r a s s e t s 24,069,432 1,458,368 9,008,555 1,536,252 2,013,987 1,048,395 695,603 4,004,292783.524 467,650 692,174 524,161 1,836,471 T O T A L A S S E T S * L e s s t h a n ^ 5 ^ 0 . 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 DECEMBER 10, I9I+I (In thousands of dollars) L I A B I L I T I E S New eve. Atlanta T o t a l B o s t o n Y o r k P h i l a . C l R i c h . . C h i c a g o S t . L o u i s Lîinn. K: a n s . C y . D a l l a s S a n F r a n . F. cu R i . a ti n o o t n e s i n a c t u a l c i r - 7,858,397 61+9,200 ¿,015,609 552,587 744,405 411,633 265,926 1,641,293 307,939 199,209 253,717 132,955 663,924 Deposits: Member bank-reserve acct. 13,219,383 633,891 5,765,780 761+, 196 993,248 486,795 322,980 2,047,983 369,525 190,930 344,321 3J8,480 986,259 U.S.Treasurer-General acct. 157*lUl 15,107 18,126 12,774 10,723 9,299 13,649 17,266 10,406 15,107 13,547 8,608 12,529 Foreign 935*053 37,01+7 566,11+2 90,030 85,389 39,910 32,1+85 111,377 27,81+4 20,419 26,916 26,916 70,578 Cther deposits 678,698 15,321 53^,052 15,506 35,089 8,973 7,431 11,201 10,990 10,501 1,360 1,322 28,952 Total deposits 14,990,280 701,366 6,684,100 882,506 1,127,449 544,977 376,545 2,187,827 418,765 236,957 386,1^4 345,3^6 1,098,318 Deferred availability items 860,131 81,450 178,437 64»560 107,003 75,247 39,252 126,68? 44,756 21,651 40,747 34,181 46,i6o Cther liabilities including accrued dividends 7,537 717 1,593 2,215 602 436 191 631 174 162 220 204 392 TOTAL LIABILITIES 23,696,345 1,432,733 8,879,739 1,501,868 1,979,459 1,032,293 681,914 3,956,438 771,634 457,979 680,828 512,666 1,008,794 C A P I T A L A C C 0 U N T S Capital paid in 141,305 9,366 51,802 11,780 14,614 5,650 4,870 15,110 4,377 2,999 4,589 4,357 n,79i Surplus (Section 7) 157,065 10,906 56,447 15,144 14,323 5,247 5,725 22,824 4,925 3,152 3,613 3,974 10,785 Surplus (Section 13"°) 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 47,932 2,489 13,497 3,067 4,584 1,961 2,381 8,491 2,055 2,520 2,006 1,901 2,930 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,069,432 1,458,368 9,008,555 1,536,252 2,013,987 1,048,395 ¿95,603 4,004,292 763,5^4 467,650 692,174 524,161 1,836,471 Commitments to make industrial advances 14,937 46o 457 2,550 1,196 918 1,777 1,600 1,^03 28 1,501 23 3,224 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 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 4,060 1,501 166 342 311 1,604 136 Industrial advances 9,772 3,124 676 556 2U7 1,075 1,196 1,521 1,377 U. S. Government securities, direct and Oguaranteed 2,196,470 — — — — 97,170 66,200 208,200 546,800 1,273,100 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 233-d FEDERAL RESERVE NOTE STATELIEST ON DSCS?3SR 10, 19i*l (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 . 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 i n n , K a n s . C y . D a l l a s S a n F r a n . 7 838,658 649,200 2 015,609 552,587 744.405 411,633 265,926 41,293 306,200 199,209 253,717 132,955 063,924 I n s c b u u i c i r c u l a t i o n , , l , -¿ 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 d u e f r o m Q. S. T r e a s u r y 8 , 3 3 2 , 0 0 0 6 7 5 * 0 0 0 2 , 1 2 5 , 0 e 0 5 9 0 , 0 0 0 7 2 0 , 0 0 0 4 5 0 , 0 0 0 3 0 0 , 0 0 0 1 , 7 0 0 , 0 0 0 3 U 0 , 0 0 ü 2 1 1 , 0 0 0 ¿ 6 5 , 0 0 0 1 5 2 , 0 0 0 7 u U , 0 0 0 100 00 E l i g i b l e p a p ^ r 3,i|01 U 5 2 3 — — " — — 1 0 9 2 , 2 6 o Total collateral 8,335,1+01 675,100 2,125,1+00 590,523 700,000 1*50,000 300,000 1,700,000 3i+0,U00 211,109 267,269 152,uO0 7^ 4-/000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis