H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 2d3 STATEMENT FOR THE PRESS Released for publication Beard of Governors Friday morning, Jan, 9* °f the Federal Reserve System not earli3r. January b, CONDITION OF THE FEDERAL RESERVE BANKS During the woeic ended January J member bank reserve balances increased i;>267,000,000. Additions to member bank reserves arose fr^m decreases of 000,000 in Treasury deposits with Federal Reserve Banks and ,^2,000,000 in money in circulation, and increases of 25,o0vj,00j in Reserve Bank credit and y >6,0JO, 000 in gold stock, offset in part by increases of ,5*000,03o in Treasury w cash and ,,.16,000, oOj in nonmember deposits and oth^r Federal Reserve accounts. Excess reserves of number banks on January 7 here estimated to be approximately e3> , 000, OOJ, un increase of .->300,000, 000 for the u jek. Changes in member bank reserve balances and related items during th- week and the year ended January J, 19^2, "^ere as follows: Increase or decrease since Jan. 7, Dec. Jan. 3, 19U2 ljl+1 I9I4I (In millions of dellars) Bills discounted I4 +1 4-1 U. S. Government direct obligations 2,21+9 — * 70 Cs U. S. government guaranteed obligations J Industrial advances (not including 15 million commitments - January 7) 10 — * 2 Other Reserve Bank credit 116 * 2I4. + Jo Total Reserve Bank credit 2,306 4 25 + 1 u? Gold stock 22,7/42 +6 +706 Tieasury currency 3,21+6 — + 160 Member bank reserve balances 12,717 ' +267 -1,5 67 Money in circulation 11,109 - 52 +2,i i&i Treasury ci,sh 2,220 + 5 + 17 Tre-^ury deposits with b\ R. Banks 003 -20U bb3 Nonmembur aeposics and other F. R. accounts 1,067 + 16 - 357 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

i^or-n F. Iu Released for publication Friday morning, January 9* 19^2; not earlier. STATEMENT CF CONDITION OF THE TWELVE FEDERAL RESERVE BAMUS COMBINED (in thousands of dollars) Increase or decrease since Jan, Dfcc. 31, Jun. 8, 1942 19U 191+1 A SS S T S Gold certificates on hand and due from S* Treasury 20,1490,017 + 2 + 685,236 + Redemption fund - F. R. notes 13,o6v + 1 a 561 Other cash 296,14-23 + 35,71+5 27,921 Total reserves 20,800,109 + 35,743 + 661,876 Bills discounted: Secured by U. S. Gov!t obligations, direct and guaranteed 1,991 + 223 + 1,091 + Other bills discounted 2,129 + 942 197 Total bills discounted U,120 + 1,165 + 1,288 . Indu s t r i a 1 a.d va nc e s 9,bl9 + 115 + l,50o U. S. Government securities, direct arid guaranteed: + Bonds l,Uo6,805 182,205 + Notes 777,300 122,200 Bills 10,370 10,370 Total U# S. Government securities, direct a 11 d gua r ant e e d 2,25U,475 — + 70,375 Total bills and securities 2,208,214 + 1,230 + 73,569 Due from foreignbanks 47 P* R. notes of other banks 35,1+14 + 3,127 + 9,231 Uncollected items 99B, 1+58 - 202,265 + 253,202 + Bank premises 40, ?61 0 685 utiler assets lih, 035 • 35o 3,922 T O T AL A S S T S -161,761 + 994,701 L I a B I L I TI h S F. R. notes in actual circulation 8,17b,757 - 13,412 +2,301,509 Deposits j Fe Liber bank - reserve account 12, 716, 73U +266,1+21 -1,567,008 U* S.Treasurer-General account 6G3,<.:54 + i+ii-3, 4o6 F'orui^n 7^7, >'64 + 13,302* - 335,167 wther deposits I04. + 2,011+* - 23,955 Total deposits + 77,1+58 -1 ,1+88,261+ Deferred avuil ..bility items 8b0,2l+4 -226,085 + 176,952 w t h ^ r liabilities i n c 1 u u i n + accrued dividends 2,550 + 1+00 bbl TOTAL LIABILITIES 23.017,107 -162,155 + 990,o38 C A P I T AL A C C C U H T S Capital paid in 11+2,087 + 507 + 3,5144 Surplus (Section 7) + 1 + 437 Surplus (Section 13b) 2b,780 + 5 01h 3 r c ap i ta1 a coount s 4o,9o2 70 87 TOTAL LIABILITIES AI D CAPITAL ACCOUNTS 24, 191.036 -101,761 + 994,701 Rr-tio of total reserves to deposit and F, ft. note liabilities combined . 1% _ Commitments to make industrial advances lis., B3I+ + 237 •, + 9,742 *Dec. 31, fig ures revised. 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) A S S E TS Total Boston New York phila. Cleve. Rich. Atlanta Chicago St.Louis Kinn. Kans. Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 20,490,017 1, 193,928 8,131,620 1,211,575 1,636,131+ 793*826 550,029 3,429,729 633,243 392,345 534,018 392,355 i,58o,215 Redemption fund - F.R.notes 13,609 4,143 i,o47 893 919 1,437 451 1,122 643 401 754 566 1,293 Other caah 290,423 28,847 54,67s 22,630 23,3/42 16,393 23,309 44,871 21,970 5,550 13,349 14,233 27,051 Total reserves 20,800,109 1, 231,918 8,187,31+5 1,235,298 1,660,395 311,656 573,789 3,475,722 655,856 398,296 548,121 407,154 1,614,559 Bills discounted: , Secured by U# S-. Gov't obligations direct and guaranteed 1,991 570 520 657 75 — 14 — -- 35 105 — 15 Other bills discounted 2,129 — 65 50 37 -- 15 — 1,614 98 -- Total bills discounted 4,120 570 535 707 162 — 14 15 — 35 1,919 98 15 Industrial advances 9,619 1,879 1,098 3,517 278 765 527 296 300 496 92 246 123 J. S. Government securities, direct and guaranteed: Bonds 1,466,805 107,926 4o4,959 H5,8U1 11+5,076 87,666 o2,391 173,434 69,262 44,291 67,075 57,154 126,710 Notes 777,300 57,193 214,597 61,388 76,880 46,453 33,Oo3 94,557 56,713 25,471 35,546 30,267 67,147 Bills 10,370 76? 2,863 819 1,026 620 441 1,261 490 313 474 404 896 Total 0. S. Gov't securities, direct and guaranteed 2,254,475 165,862 622,1+19 0- DC OC 222,982 134,744 95,895 274,252 lo6,485 68,075 103,095 67,845 194,753 Total bills and securities 2,268,214 168,331 624,102 182,272 223,1+22 135,509 96,436 274,565 106,785 60,606 105,106 88,169 194,891 Due from foreign banks 47 3 18 5 4 2 2 6 1 * 1 1 4 F. R. notes of other banks 39,4l4 1,233 3,710 2,088 2,161 10,244 5,335 3,192 3,243 1,197 2,362 1,136 3,502 Uncollected items 998,458 95,950 220,362 72,392 116,612 80,621 40,945 149,912 51,697 25,739 42,468 38,290 03,470 Bank premises 40,761 2,778 10,507 14,866 4,1+39 2,982 1,948 2,971 2,155 1,338 2,874 1,137 2,766 Other assets )jJ t ,035 3,050 11,926 3,495 4,753 2,773 1,613 5,091 1,957 1,364 1,951 1,067 4,170 t o t al a s s e ts 24,191,038 1,503,263 9,057,976 1,500,416 2,011,736 1,043,792 720,263 3/911,459 821,699 496,540 702,883 537,594 1,883,362 • Less than -500, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form s*\ K. STATEMENT O<F CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 7, 11994422 (In thousands of dollars) L I A B I L I T I ES Total Boston Now York Phila. CIeve. Rich. Atlanta Chicago St.Louis ilinn. Kans.Cy. Dallas San Fran. F. R. notes in actual circulation 0,178,757 667,071 2,099,932 573,740 776,907 1427,089 279,654 1,720,497 321,278 207,ol7 264,8o6 134,221 705,883 Deposits: member bank-reserve acct. 12,716,754 631,801 5,688,053 673,942 945,211 14.00,316 335,021 1,796,797 372,709 185,754 345,109 302,050 979,991 U.S.Treasurer-General acct, 063,2^ 142,821 184,551 59,614 64,907 27,087 25,205 104,^71 30,553 147,771 22,077 28,371 27,426 Foreign 787,364 31,087 313,219 74,990 71,124 33,243 27,058 92,771 23,193 17,003 22,420 22,1420 58,831 Other deposits 588,184 19,070 465,351 11,398 10,794 5,036 5,223 3,377 14,027 10,538 1,721 4,333 30,606 Total deposits 14,755,556 724,779 6,651,174 819,9144 1,098,036 526,282 J<3 0,507 1,997,816 ^0,482 261,121.3^1,327 357,174 1,096,914 Deferred availability items 880,24b- 85,042 177,7o6 72,066 101,957 73,995 36,283 144,457 48,041 18,021 35,230 34,607 52,779 Other liabilities including accrued dividends 2,550 713 330 230 255 268 137 250 i+6 102 71 97 51 TOTAL LIABILITIES 23,817,107 1,477,605 8,929,202 1,465,980 1,977,155 1,027,634 706,581 3,803,020 809,847 486,861 691,496 526,099 l, 355,627 C A P I T AL A C C 0 U U TS Capital paid in 142,687 9,403 52,187 11,378 14,731 5,720 11 p.Sh 1 :.; ;, 1.13?, 012 4,606 4,362 11,827 Surplus (Section 7) 157,502 10,949 56,051 15,171 l4, 346 5,236 5//25 22,925 4,966 3,152 3,613 3,976 10,792 Surplus (Section ljb) 26,780 2,374 7,070 4,393 1,007 3,244 713 1,429 529 1,000 1,137 1,^63 2,121 Othor capital accounts 46,962 2,432 12,866 2,994 4,54? 1,956 2,365 8,.1)20 1,945 2,515 2,031 1,894 2,995 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,191,038 1,503,263 9,057,970 1,500,416 2, 011,736 1,043,792 720,268 3,911,459 821,699 496,540 702,883 537,594 1,8 83,362 Commitments to make industrial advances 14,834 139 450 2,806 1,042 856 1,720 1,674 1,226 28 1,500 23 3,170 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 to 6l to 91 days to o months 1 Your 2 Years to Gvsr Total 15 days 50 days 60 days 90 day:3 6 months to 1 Y^ar to 2 Years 5 Years 5 Yoars Bills discounted 4,120 3,127 31 110 219 511 122 -- — Industrial advances , 9,619 3,042 142 221 1,262 1,540 1,554 1,363 — U. S Government securities # direct, and guaranteed 2,254,475 1,000 — — 95,170 — 97,000 247,200 477,000 1,337,105 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fori-. F. h. FEDERAL RESERVE NOTE STATEMENT Oil JANUARY 7, 1942 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Liinn. Kans.Cy. Dallas San Fran. Federal Reserve notes? Issued to F.R.Bank by F.R.Agent 8,623,423 701,420 2,2l6/,82 601,843 612,453 ¥>1,939 303,161 1,704,792 341,692 212,763 273,798 149,571 753,209 Held by Federal Reserve Bank 444,666 34,34? 110,850 25,103 35,546 34,850 23,507 44,295 20,4l4 5,l4o 8,930 15,350 77,326 In actual circulation 8,178,757 667,071 2,099,932 573,740 776,907 427,089 279*654 1,720,497 321,278 207,017 264,868 134,221 705,683 Collateral hold by agent as security for notes issued to bank: Gold certificates on hand and due from U. S.Treasury 8,734,000 720,000 2,230,OuO 615,000 815,000 475,000 310,000 1,760,000 350,OuO 214,000 275,000 156,000 794,U00 Eligible paper 3,756 570 585 657 — — — — — 35 1,909 — Total collateral 0,737,756 720,570 2,230,585 615,657 815,000 475,000 310,000 1,780,000 350,000 214,035 276,909 156,000 794,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis