H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STaTE&BNT FOR THE PHEISS Released for publication Board of Governors Saturday morning, Jan. 3l Federal Reserve System not earlier• January 2, Ityhfi CONDITION OF TEE FEDERAL RESERVE BAMS During the wook ended December 31 member bank reserve balances increased ,£3,000,000. Additions to member bank reserves arose from decreases of $,63,^00,000 in money in circulation, 000,000 in Treusury deposits with Federal Reserve Banks, and' $63,000,000 in nonmember deposits and other Federal Reserve accounts, and an increase of 000,000 in Treasury currency, offset in part by decreases of £136,000,000 in Ros^rve Bank credit ana >14*000,000 in gold stock, and an increase of ;20,000,000 in Treasury cash* Excess reserves of mumb^r banks on % December 31 vere estimated to be approximately 43*090,000,000, an increase of $30,000,0u0 for the week. The principal change in holdings of bills and securities was an increase of $11,000,000 in United States Government bonds, Changes in member bank reserve balances and related items during the week and the year ended December 31* 19^1* v*^r© as follows: Increase or decrease since uec* 31, Dec, 2!+, Dec* 31, !9hL I9lq 19U0 (In millions of dollars) Bills discounted 3 - k -- U. S* Government direct obligations 2,21+9 • 11 4 70 U# S» Government guar^.teed obligations 5 -- Industrial advances (not including 15 million comaitmex.ts - December 31) 10 • 2 othur Reserve Si.nk credit 9k • lh Total Reserve Baiik credit 2,361 -138 • 87 Gold stock 22,736 - Ik 4 7U Treasury currency 3,2US « h • 161 Member bank reserve balances 12,450 * 3 -1,576 Lonoy in circulation 11,161 - 63 •2.1*29 Treasury cash 2*215 • 20 4 2 Treasury deposits with F% R. Banks 867 - U 4 1+99 Uonmember deposits ojrid other F, R, accounts 1*651 - 68 - 365 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-a Reioased for publication Saturday morning, January J, 19^2* not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COlffllNED (In thousands of dollars) Increase or decrease since Dec. 31, Dec. 2l+, Dec. 31, 19U1 191+1 191+0 A S S E TS Gold certificates on hand and due from U. S. Treasury 20,490,015 - 25,003 • 739,231+ Redemption fund - F. F. notes 13,668 - 1,020 + 3,976 Other cash 260,678 • 46,919 - il+,l+3l Total reserves 20,761+, 361 • 20,896 + 728,779 Bills discounted: Secured by U. S.Gov't obligations. direct and guaranteed 1,768 - 3,336 + 917 Other bills discounted 1,187 778 - 877 Total bills discounted 2,955 - 4,111+ + 1+0 Industrial advances 9,504 206 • 1,966 U. S. Government securities, direct and guaranteed: Bonds 1,1+66,805 + 11,338 • 182,205 Notes 777,300 — - 122,200 Bills 10,370 mm <m + 10,370 Total U. S. Government securities, diroct and guaranteed ii,25l+,l+75 + n,338 + 70,375 Total bills and securities 2,266,931+ + 7,018 • 72,381 Due from foreign banks 47 — — F. R.notes of other banks 36,287 * 3,3^1 + 4.659 Uncollected icems 1,200,721+ - 17,705 + 288,326 Bank premises 1+J,7O7 376 + 705 Other assets U3.679 + 1,583 - 3,917 T G TAL A S S E TS 24,352,799 + 1U,797 •1, 090,933 L I A B I L I T I ES F. R. notes la actual circulation 8,192,109 - 9,9ll+ +2,261,172 Deposits: Member bank - re&erve account 1122,,11++5500,,333333 ++ 33,,11++6666 -1, .575,300 U.S.Trousurer-General account 867,1+93 - 1+0,172 1+99,012 Foreign 776,i+oo - 32,567 - 356,509 Oth^r deposits 583,832 - 29,196 - 15,712 Tot«.l deposits ll+,o78,058 - 96,1+69 -l,l4l|8,5J9 Deferred availability items 1,106,929 +127,825 274,150 Other liabilities including accrued dividends 2,150 - 3,688 - 46 TOTAL LIABILITIES 23,979,306 + 15,7!?4 •1,086,767 £ * Z I 1 £ £ i £ ° £u i : TS Capital paid in li+2,180 4 66 + 3,601 Surplus (Section J) 157,501 + 1+36 4 437 Surplus (Section ljb) 26,780 5 - 5 Other capital accounts 1+7,032 - 1,1+51+ 133 TOTIKL LIABILITIES AL® CAPITAL ACCOSTS 2l+,352,799 + H+,797 ,090,933 Ratio of total reserves to deposit t.nd F. K. ixOt>j liabilities combined 90.8% + .5/o — Commitments to make industrial advances 14,597 372 * 9,371 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F6rm F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECELL8ER 31, 194* (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Llinn. Kans»Cy. Dallas San Fran. G*ld .certificates cn hand and due fron U. S. Treasury 20,490,015 1,162,307 8,164,207 1,2214,286 1,627,213 790,1|47 551,394 3,1423,782 632,0141 394,665 557,610 UlU,28i+ 1,547,779 hedenption fund - F.R.notes 13,668 4,143 l,0i+7 892 919 1,1+37 451 1,122 643 401 754 566 1,293 other cash 260,678 25,589 46,842 19,345 23,521 14,393 17,035 33,858 17,602 5,418 11,759 13,784 26,532 Total reserves 20,764,361 1,192,039 8,212,096 1,2144,523 1,651,653 8o6,2?7 566,880 3,1+63,762 650,286 4oo,484 570,123 428,634 1,575,604 Bills discounted* Secured by U. S.. Gov't obligations, direct and guaranteed 1,768 260 615 624 100 14 —— 50 105 Other bills discounted 1,187 75 50 87 — 18 848 109 Total bills discounted 2,955 260 690 674 187 — 14 18 — 50 953 109 — Industrial advances 9,504 1,883 1,098 3,468 233 765 477 306 300 514 92 244 124 S. Governnent securities, direct and guaranteed: Bonds 1^4bo,805 113,230 335,294 115,799 145,193 89,615 62,241 198,906 73.695 43,272 62,593 51,197 125,770 Notes 777,300 60,005 204,178 61,364 76,943 47,488 32,983 105,406 39,053 22,931 33,168 27,131 60,650 Bills 10,370 800 2,7214 819 1,026 634 44o 1,406 521 306 443 362 889 Total U. S.Gov't securities, direct and guaranteed 2,254,475 174,035 592,196 $77,982 223,162 137,737 95,664 305,718 113,269 66,509 96,204 78,6^0 193,309 Total bills and securities 2,266,934 176,178 593,984 182,124 223,582 138,502 96,155 306,0142 113,569 67,073 97,249 79,043 193,433 Due froia foreign banks 47 3 18 5 4 2 2 6 1 * 1 1 4 F. h. notes of other banks 36,287 774 4,493 2,700 2,087 8760 4,no 3,449 2,1+30 651 2,071 1,367 3,395 Uncollectad itens 1,200,724 116,237 316,326 84,370 149,177 83,669 42,290 180,907 49,586 26,571 47,535 37,094 66,962 Bank pre&ises 40,767 2,778 10,507 4,866 4,439 2,982 1,948 2,971 2,1^5 1,338 2,880 1,137 2,766 Other assets 43,679 3,132 11,148 14,061 4,613 2,751 1,797 5,466 2,027 1,309 1,783 1,509 4,083 T O T AL A S S E TS 24,352,799 l,49l,l4l 9,148,572 1,522,64? 2,035,555 1,0»42,943 715,182 3,962,603 820,U54 497,426 721,6142 548,785 1,8146,247 •Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-c STATELIEST OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 31, 1941 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual circulation 8,192,169 671,656 2,110,650 575>036 778,072 431,489 278,561+ 1,719,536 322,0t>8 206,510 263,578 135,271 699,739 Deposits: Member bank-re serve acct. 12,1+50,333 568,846 5,639,629 661,703 919,517 451,776 322,1+52 1,76^132 363,61+2 178,535 344,996 306,097 930,1+08 U.S.Treasurer-General acct. 867,493 80,782 220,651+ 73,578 72,247 23,729 28,685 156,906 39,61+6 52,1+60 35,850 36,989 1+5,967 Foreign 776,1+00 29,51+3 306,991 74, 057 70,21+0 32,829 26,722 91,617 22,901+ 16,796 22,114 22,11+1 60,1+19 Other deposits 583,832 9,527 475,283 12,391 16,902 6,106 5,123 3,1+96 12,594 10,815 1,929 1,312 28,351+ Total deposits ll+, 678,058 688,698 6,6ib2,557 821,729 1,078,906 5l4,U+0 382,982 2,0ll+,l5l 1+38,786 258,606 i+Ol+,916 367,139 l,065,1118 Deferred availability items 1,106,929 104,811 266,815 90,557 143,61+8 80,625 39,912 180,340 1+7,312 22,551+ 1+1,731+ 34,806 53,615 Other liabilities including accrued dividends 2,150 302 11+3 8l+0 173 21+6 1+4 165 32 8i+ I4I+ 72 TOTAL LIABILITIES 23,979,306 1,1+65,1+67 9,020,165 1,1+38,162 2,000,999 1,026,800 701,502 3,9ll+,l92 808,198 1+87,751+ 710,272 537,288 1,818,507 C A P I T AL A C C O U N TS Capital paid in 142,180 9,403 51,806 11,923 li+,64o 5,709 4,800 15,613 4,417 3,003 4,600 4,359 11,827 Surplus (Section 7) 157,501 10,949 56,651 15,171 14,345 5,236 5,725 2^,925 4,9o6 3,152 3,613 3,976 10,792 Surplus (Section 13b) 26,780 2,874 7,070 4,393 1,007 3,2144 713 1,429 529 1,000 1,137 1,263 2,121 Other capital accounts 47,032 2,1+48 12,880 3,000 4,564 1,954 2,362 8,lw4 1,944 2,517 2,020 1,899 3,000 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,352,799 1,491,i4i 9,11+8,572 1,522,649 2,035,555 1,042,943 715,182 3,962,603 820,054 497,1426 721,642 548,785 1,846,247 •Commitments to make industrial advances 14,597 139 46o 2,617 l,o43 857 1,767 1,874 1,226 28 1,500 23 3,Oo3 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 61 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 2,955 1,878 55 108 136 653 125 industrial advances 9,504 3,116 378 471 162 1,224 1,289 1,541 1,323 U. S. Government securities, direct' and guaranteed 2,254,475 1,000 95,170 97,000 247,200 1+77,000 1,337,105 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d FEDERAL RESERVE NOTE STATEMENT ON DECEMBER 31, 1 94l (In thousands of dollars) Total Boston New York Phila. Clove. Rich. Atlanta Chicago St. Louis Liinn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issuud to F.R.Bank by F.R.Agent 8,611,926 700,116 2,210,118 602,134 811,693 1461,916 303,618 1,763,1428 341,354 213,129 274,221 149,933 730,266 Held by Federal Reserve Bank 419,757 26,460 99.468 27,098 33,621 30,427 25,054 43,892 19,286 6,619 10,643 l4,oo2 80,527 in actual circulation 8,192,169 671,656 2,110,650 575,036 77*3,072 431,439 273,564 1,719,536 322,068 206,510 263,578 135,271 699,739 Collateral-hold by agent as security for notes issued tu bank: Gold certificates on hand and due from U. S. Treasury 8,724,000 720,000 2,220,u00 615,000 815,OoO 475,000 310,000 1,780/300 350,0u0 2l4,^o0 £-75,000 15o,j00 7^4,oJO Eligible paper 2,567 260 690 624 ~ — -- ~ — 50 943 Total collateral 8,726,567 720,260 2,220,690 615,624 315,-00 475,ooo 310,OJO 1,7^0,000 350,000 214,050 275,943 156,000 794,JJO Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis