H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEL.ENT FOR THE PRESS Released for publication Board of Governors Friday morning, Jan. lo; of the teaeral Reserve System not earlier. January 15, 191*2. CONDITION OF THE FEDERAL RESERVE BaNKS During the week ended January member bank reserve balances increased .i>275,000,000. Additions to member bank reserves arose from decreases of 000,000 in Treasury deposits with Federal Reserve Banks and ^7,0u0,000 in money in circulation, and increases of ^000,000 each in Reserve Bank credit and Treasury,currency, offset in part by a decrease of /d,000,000 in gold stock and increases of 000,000 in Treasury cash and ^19,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reseives of member banks on January lij. were estimated to be approximately 3, 5^0,000,000, an increase of 170,000,000 for v v the we etc. Changes in member bank reserve balances and related items during the week and the year ended January 14, 19^+2, were as follows: Increase or decrease since? Jan. lU, Jon, 7* Jan. 15; 1942 19142 191+1 (In 1:m.i lions of dollars) „ Bills discounted k U. S. Government direct obligations 2,2149 — 70 TJ. S. Government guaranteed obligations 5 — — Industrial ^advances (not including ll; million commitments - January II4.) 10 — Oth-sr Reserve Bank credit 123 + 5 + 64 Total Reserve Bank credit £,390 + 4 4 156 *jrold stock* 22,71+0 - 2 • 074 Treasury currency 3,252 • h + 160 member banlc reserve balances 12,992 +275 -1,422 Lioixey in circulation 11,0o2 - 47 +2,520 Treasury c-ash 2,221+ + 4 + 29 treasury deposits with F. R.Banks U19 -244 + 132 Konmember deposits and other F. R. accounts l,o86 * 19 - 359 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283~a Released for publication Friday morning, January 16, 191+2; not earlier. STiiTKISNT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease s inc e J^n. ll+, J an• 7 > Jan. 15, 19U2 19U2 191+1 A S S h, T S Gola certificates on hand and due from li. S. Treasury 20,14.83,015 - 2,002 + 61+2,235 redemption fund - F.R. notes 13,l+3o 233 + 3,7ll+ Cth^r cash 337,^53 * 41,230 - 23,1 ol+ Tooal reserves 20,839,10.'4. + 38,995 + o22,785 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 2,518 + 527 + 1497 OtLor bills discounted 1,061+ - 1,065 - 57U Total bills discounted 3,582 538 - 77 Industrial advances 9,512 107 2,00l+ U* S. Government securities, direct and guaranteed; Bonds 1,1466,805 — + 182,205 Notes 777,300 — - 122,200 Bills 10,370 — + 10,370 Total U. S. Government securities, (lii ect and guaranteed 2,25)4., 475 — + 70,375 Total bills and securities 2,207,569 ol+5 + 72,302 Due from foreign banks 1+7 F. R. notes of oth~r ba>iks 37,217 - 2,197 + 7,597 Uncollected items 1,210,160 +211,702 + 308,568 Bank premises 1.0,792 • 51 + 717 Otiier assets 1+5,1+39 + 1,1+01+ - 3,501 T 0 T IX L A S S E TS 2l+,1+1+0,328 +249,290 +1 ,008,268 L I A B I L I T I ES F. R. notes in actual circul.^.tion 8,170,581+ +2,31+5,732 - 8,173 Deposits: kember bank - reserve account 12,991,582 +27U,828 -1,1+21,987 U.S.Treasurer-General account 1+I8,o09 -2U+,oU5 + 181,5142 Xwoi eign 75l+,8l6 - 32,51+8 - U75.020 Other deposits 61+0,156 + 51,972 + 128,209 I'ot^l deposits lU,805,lo3 + 1+9,007 -1 ,587,256 Deferred availability items 1,087,392 +207,11+8 + 2UU,810 Other liabilities including accrued dividends 3,179 + 029 + 1,006 TOT.XL LIABILITIES 2l+, 006,318 +21+9,211 +1 r 00k,292 C A P I T AL A C C O U N TS Capital paid in 11+2,780 • 93 + 3,k7k Surplus (Section 7) 157,502 — + k37 Surplus (oection 13b) 26,780 — - 5 Other capital accounts 1+6,91+8 ih + 70 TCTiiL LIABILITIES AND CAPITAL ACCOUNTS 2l|,1+1+0,328 +21+9,290 +1 ,008,268 Ratio of total reserves to deposit and F. R. note liabilities combined 90 • 7/o — - Commitments to make industrial advances ll+,l+27 I+07 + 9,338 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Forn F. R. 283-b STATEMENT OF CONDITION OF THE PEL2RAL RESERVE BANKS ON JANUARY 14, 1942 (In thousands of dollars] A S S E TS Total Boston New York Phila. CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Daila.s San Fran. Gold certificates orx hand and due from u.S. Treasury 20,1+83,015 1,203,336 8,033,144 1,201,248 I,6l9,2i4.6 808,474 5?2,^33 3,476,727 636,654 3?0,07> 5^9,043 3?4,571 II,,ooll77,,771100 Redemption fund - F.R.notes 13,436 4*039 1,625 735 791 1,395 385 962 bOy 727 543 1,238 Other Cash 357*653 31*533 64, 64 6 24,413 31,238 15,743 23,618 53,261 22,100 6,266 15,79? 16,401 32,415 Total reserves 20,839,104 1 ,238,908 6,099,415 1,226,3*6 1,051,275 825,612 577,186 3,532,970 661,303 3^6,752 500,3o> 411,515 1,651,363 Bills discounted; becured by IT. S. Gov't obligations, direct and guaranteed 2,518 630 900 749 75 — 14 — — 60 90 — — Other bills discounted 1,064 — i+o 70 101 — — -- — 56 700 95 — Total bills discounted 3,582 63O 9bo 819 176 — 14 — — 118 790 95 — Industrial advances 9*512 1*879 1,098 3,503 280 764 514 2d9 200 523 92 247 123 U. S. Government securities, direct and guaranteed: Bonds 1,466,805 107,926 1+04,959 H5,64i 145,076 37,060 62,591 17o,434 69,232 4444,,229911 6677,,007755 57,154 112266,,771100 Kotes 777*300 57*193 314,597 01,366 70,00O 46,456 33,063 94,5?7 36,713 ^3,471 35,546 30,207 o7,147 Jills 10,370 763 2,803 ui9 1,026 o20 441 1,261 • 490 313 474 4o4 696 Total U. S. Gov't securities, direct and guaranteed 2,254,475 165,802 622,419 178,046 222,982 134,744 95,695 274,252 106,465 68,075 103,095 67,845 194,753 Total bills and securities 2,267,569 168,391 624,457 182,370 223,436 135,508 96,423 274,541 106,685 68,716 103,977 3o,I87 194,876 Due from foreign banks 47 3 10 5 4 2 2 6 1 * 1 1 4 F. k. notes of other banks 37,217 1,293 3,034 1,425 2,365 11,193 ^ 4,084 3,1+43 1,625 1,233 2,954 1,006 3,532 Uncollected items 1,210,160 116,6o3 285,575 o2,403 155,972 85,514 46,676 193,875 50,007 25,977 42,735 41,823 76,300 Bknk pr end s e s 40,792 2,77c 10,507 4,366 4,439 3,008 1,949 2,971 2,153 .1,338 2,374 1,141 2,766 Other assets 45*439 3,11 u. 12,393 3,306 4,875 2,913 l,ull 5,159 2,013 1,372 2,014 1,693 4,271 T O T AL A S S E TS 24,i440,32G 1 ,531,100 9,035,399 l,5ol,271 2,042,368 1,063,700 726,133 4,012,905 030,^49 495,360 720,924 ^45,371 1,953,200 *Less than 500. v Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY ll+, 191+2 (In thousands of dollars) L I A B 1 L 1 T IE S Total Boston New York Phila. Cleve, Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. b. ft. notes in actual circulation 6,170,501+ 662,536 2,098,21+1 573,907 770,692 1+26,199 276,930 1,721,14+0 321,366 207,953 261+, ll+6 132,971+ 706,115 Deposits: iViember bank-reserve acct. 12,991,582 665533,,11++7733 5,707,268 667799,,660011++ 970,138 ll++6611++,,668855 333388,,552200 111,,,999222555,,,888666111 333000111,,,999000222 111999000,,,555555111+++ 359,817 33HH,,55ll++00 1,008,220 U.S.Treasurer--General acct. 1+I8,o09 31,621 69,1+82 35,175 35,1+13 35,202 23,660 111+++000,,,666111+++777 222111+++,,, 111000555 333999,,,111000111+++ 21,617 25,776 20,301 Foreign 75l+,0l6 29,526 300,161 70,969 68,012 32,527 25,071+ 90,190 22,173 16,261+ 21,1+39 21,1+39 56,237 Other deposits 61+0,156 22,339 1+69,009 27,239 17,529 5,773 5,2O5 l+,032 12;, 679 10,51+0 1,526 3,035 3o,320 Total deposits ll+,005,l63 736,959 6,566,720 013,037 1,J91,092 530,107 393,3u5 2,060,730 1+1+2,061+ 256,1+62 1+0,+,399 3ol,790 1,131,570 Deferred availability items 1,037,392 105,362 21+1,173 79,270 137,61+3 02,909 1+3,907 173,900 5l+,203 21,11+9 l+o, 090 30,903 o7,739 Other liabilities including accrued dividends 3,179 570 1+79 523 330 303 162 350 69 117 106 119 30 TOTAL LIABILITIES 2l+,066,313 1,505,1+35 0,906,613 1,1+66,030 2,007,757 1,01+7,590 7ll+,L+2i+ 3,961+,506 316,502 1+O5,636 709,51+9 533,^66 1,905,1+70 C A P I T AL A C C O U N TS Capital paid in 11+2,700 9,1+03 52,188 11,879 Ll+,73<S 5,726 l+,905 15,693 l+,l+27 3,016 l+,608 i+,372 11,827- Surplus (Section 7) 157,502 10,91+9 56,651 15,171 ll+, 31+6 5,236 5,725 22,925 l+,9o6 3,152 3,613 3,976 10,792 Surplus (section 13b) 26,780 2,871+ 7,070 l+,393 1,007 3,21+1+ 713 1,1+29 529 1,000 1,137 1,263 2,121 Other capital accounts 1+6,91+8 2,1+39 12,877 2,998 l+,5l+2 1,936 2,336 8,1+10 l,9U5 2,511+ 2,017 1,891+ 2,990 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 21+,1+1+0,328 1,531,100 9,035,399 1,501,271 2,01+2,388 1,063,760 728,133 1+,012,965 830,141+9 1+95,368 720,921+ 51+5,571 1,933,200" Commitments to make industrial advances ll+,l+27 139 1+26 2,910 1,077 835 1,700 l,87l+ 1,191+ 28 1,500 2,71+1+ ailATURITY DISTRIBUTION OF 3ILLS AND SECURITIES Within lo to 31 to ol to 91 days to 6 months 1 Year 2 Years to Over Total 15 days 30 days oO days 90 days 6 months to 1 Year to 2 Years 5 Ye^rs 5 Years Bills discounted 3,582 2,621+ 32 1+8 318 1+35 125 Industrial advances 9,512 3,133 600 195 156 1,161 1,337 1,560 1,370 U. S. Government securities, direct and guaranteed 2,25!+,1+75 1,000 95,170 97,000 21+7,200 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 ST^TE^EKT ON JANUARY 14, 1942 (In thousands of dollars) Tot^l Boston New York Phila. Clevo. Rich* utlarta Chicago St Louis ,.dnn. K^ns.Cy. Dallas San Fran. # Federal Reserve notes: Issued to F.R.Bunk by F. Regent 8,629,228 699,846 2,218,773 o00,358 811,291 463,681 301,465 l,7o9,276 3^1,923 213,631 274,550 148,131 786,303 Held by Federal Reserve Bank 458,644 37,310 120,532 26,371 32,599 37,^82 24,535 47,836 20,557 5,673 10,404 15,157 80,188 In actual circulation 8,170,584 662,536 2,093,241 573,987 778,692 426,199 276,93u 1,721,440 321,3^6 207,956 264,146 132,974 706,113 Collateral held by agent as security lor notes issued to bank: Gold certificates on hand and erne from u. fc>.Treasury 8,7o0,500 72«j,000 2,240,0oJ 615,000 815,000 475,000 31u,OJO l,780,00u 350,0j0 217,000 280,000 154,500 804,000 Eligible paper 3,191 030 915 749 — " ~ " — 118 7?^ Total collateral Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis