H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283-d STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Jan. 3^; the Federal Reserve System not earlier. January 29, 19^2 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended January 23 member bank reserve balances decreased $7o,000,0eO. Reductions in member bank reserves arose from increases of $20,000,000 in money in circulation and $l8,000,0e-e in Treasury deposits with Federal Reserve Banks, and decreases of $4!;,000,000 in Reserve Bank credit and to,000,000 in gold stock, offset in part by decreases of $8,0o0,00 0 in Treasury cash and $9*000,0o0 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks ^n January 28 were estimated to De approximately $3,1460,000,000, a decrease of $100,000,000 for the. week. The principal cftange in holdings of bills and securities was a reduction of $7»000,00u in United States Government securities ,dir>. ct and guaranteed, including the $6,000,000 of bills held at the beginning of the wojk and pi,000,000 of bonus. whan;;es in member bank reserve balances and related items during tne week and the year ended January 28, 19^2, were as follows: Increase or decrease since Jan. 28.. _ .t , . 21, Jan. 29, f n 19^2 191+2 19U1 (In millions of dollars) Bills discounted 1; +1 +1 U. S. Government direct obligations 2,239 7 + °0 U. S* Government guaranteed obligations a — 1 Industrial advances (not including li million 4 commitments - January 28) 9 — +1 Other Reserve Bank credit 83 - 38 + 5o Total Reserve Bank credit 2,339 - ib + HI Gold stock 22, Jkh -6 + 03I4. Treasury currency 3> 2^o +1 4- 139 Lienber bank reserve balances 13,->75 - 70 -1,272 Money in circulation Hi 097 + £0 +2,5 lu Treasury c.\sh 2,196 - 8 h Treasury deposits with F. R, Banks 302 + 18 + hh Nonmember deposits and other F. R. accounts 1,069 - 9 - U3 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d Released for publication Friday morning, January JO, 1942; not curlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL REeER'VE BANKS COMBINED (In thousands of dollars) Increass or dec rease s inc E Jan, 28, Jan. 21, . JA.N . 29, 19 191*2 1941 S S J T S Gold certificates on hand and due from U. S.Treasury 20,322,016 999 + 625,236 Redumption fund - F. R. not US 12,193 - 1,242 + 2,370 OTHER cash 371,455 + lb,372 - 1,299 Total reserves 20,905,060 + 16,131 •f 626,307 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 3,083 + 654 + 1,677 Other bills discounted 857 112 - 398 Total bills discounted 3,945 + 742 + 1,279 Industrial advances 9,024 397 + 1,153 U. S. Government securities, direct and guaranteed: Bonds 1,550,155 ' - 1,450 + 265,535 NOT^S 092,500 — - 207,000 Bills — - 6,000 — Tot^l U.S. Government securities, direct and guaranteed 2,242,655 - 7,450 + 58,555 Total bills c4id securities 2,255,621+ - 7,105 + 00,987 Dus from foreign banks 47 F. R. notes of other banks 31,903 - 2,133 0,103 Uncollected items 994,637 -135,344 + 267,802 Bank premises 40,759 26 + 721 Oth-.r assets 40,192 + 1,059 - 4,337 T O T AL A S S E TS 24>274>828 -125,418 + 957,703 L I A B I L I T I F. S F. R. notes in actual circulation 8,230,125 31,209 +2,334,3°6 Deposits: Member bank - reserve account 13,074,608 - 70,880 -1,, 272,403 U.S.Treasurer - General account 302,149 + 17,969 43,698 Foreign 710,060 - 13,719 - 459,530 Other deposits 063,125 + 0,174 + 79,4o8 Total deposits 755,942 - 60,436 -1,648,567 Deferred availability items 911,721 - 95,785 + 218,195 Other liabilities including accrued dividends 2,852 471 - 101 TOTAL LIABILITIES 23,900,o40 -125,483 + 953,693 C A P I T AL A C C O U N TS Capital p^id in 142,902 30 + 3,454 Surplus (Section 7; 157,502 — 437 Surplus (Scction 13"b) 26,781 + 1 - U 1 Other capital accounts 47,003 + 34 - 77 TO'IAL LIABILITIES ,iND CAPITAL ACCOUNTS 24,274,828 -125,418 + 957,703 Ratio of tot.,1 reserves to deposit ana % F. R. note liabilities combined 90 • 9% + . i - .2% Commitments to make industrial advances 14,272 5 + 9,065 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. STATQIEET OF CONDITION OF THE FEDEktiL RESERVE BANKS ON JANUARY 2d, 1 (In thousands of dollars) A SS E T S Total Boston New York Pnila. Cleve. Rich. Atliur+ta Chicago St.Louis •iinn. Kans.Oy. Dallas San Fran. Gold certificates on hand and due from U.S. Treasury 20,522,01o 1,191,1+62 8•, 230,36U 1 ,163,384 1,650,015 708,650 53l+,iii 3,1+80,520 628,311+ 367,lk5 5kO,823 381,037 1,586,191 Redemption fund -F.R.notes 12,195 3.91U 1,199 579 652 1,1+88 2kk 800 560 359 688 520 1,186 Other cash 371 32,1*93 7k,010 29,1+66 33,736 18,098 26,51+9 o0,630 22,563 o,828 15,97k i6,3u8 35,806 Total reserves 20,905,000 1,227,8O9 8,305,373 1 ,192,1+29 l,68k,397 780,236 5^0,901+ 3,511,950 651,1+1x3 37k,332 557,k&5 397,865 1,023,183 Bills discounted: Secured by U.S. Gov't obligations^ direct and guaranteed 3*088 325 1,495 9k6 150 20 12 — 25 85 30 -other bills discounted 857 -- -- 70 95 -- -- -- -- 58 5k7 87 -- Total bills discounted j,9b5 1,495 1, olu 2k 5 20 12 — 63 032 117 — Industrial aavances 9,024 1,097 3,611+ 277 760 519 301 - 51U 85 21+7 122 U. S. Government securities, direct and guaranteed: Bonds 1,550,155 iik,o61+ k?7,657 122,391 155,313 92,705 05,939 188,0I+9 73,232 Li 6,60k 70,366 o0,k05 133,930 Notes 692,500 50,956 191,157 5k,677 06,1+90 U,kl5 29,1+56 8k,276 32,?lZ+ 20,/OJ 31,056 26,936 59,630 Tetal U. S. Gov't securities, direct and guaranteed 2,21*2,655 1^5,0^0 018,994 177,Oob 221,603 l3k,l2o 95,395 272,925 105,91+6 o7,71l 102,522 37,391 193,700 lOoaTl "DUi l"ls1 1 a n _ a 3 securities 2,255,o2i* 166,633 621,566 161,698 222,325 l5l+,900 95,926 273,226 105,91*6 08,306 103,239 87,755 193,662 Due from foreign banks 1*7 3 18 5 k 2 2 6 1 * 1 l k J. R. notes of other banks 31,903 750 2,512 1,237 2,183 9,908 _ 3,kl5 2,723 2,1+77 087 2,013 763 .3,213 Uncollected items . 994,637 9o,277 221,699 76, oil; 126,091+ 77,72o 1+0,761 ik2,368 1+5,577 23,519 36,766 33,$->7 69,61+7 b ank p r ei;ii s e s i* 0,7 59 2,773 10,507 a Q55 k,k29 5,008 i,9k5 2,905 2,153 1,330 2,87k l,iki 2,706 Other assets l*o, 192 3,206 12,7145 3,598 k,999 2,961 1,886 5,27k 2,0l+k i,ko3 2,029 1,751 k,296 f u T A L A S S E TS 21,,274,828 1,1*97,716 9A7h,oho 1,1*62,1+36 2,oi*i*,l*3i 1,010,71*1 704,859 3,968,512 309,61*1 1*69,587 700,1*09 522,863 1,890,993 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 263-c STATELIEST OF CONDITION OF THE FEDERAL RESERVE 3^NKS ON JANUARY 26, I9I42 (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 Llinn. Kans.Cy. Dallas San Fran. F. R. notes in actual circulation 8,230,125 672,727 2,110,131 578,561 784,768 421,724 278,338 1,738,033 323,899 210,486 265,694 133,456 712,308 Deposits: member bank-reserve acct. 13,074,608 636,350 5,912,889 656,226 1,007,697 450,495 326,846 1,904,247 377,561 184,463 344,005 301,427 972,402 U.S.Treasurer-General acct. 302,11*9 25,^13 49,223 21,377 20,361 18,469 17,353 42,952 13,479 18,778 27,253 21,929 25,562 Foreign 716,060 27,529 282,156 67,845 65,017 31,095 24,735 86,219 21,201 15,548 20,495 20,495 53,725 Other deposits 663,125 22,371 504,829 25,265 17,527 5,797 5,410 3,510 16,587 11,646 1,448 2,356 46,379 Total deposits 14,755,942 711,6D3 6,749,097 770,713 1,110,602 505,856 374,344 2,036,928 428,828 230,435 393^201 346,207 1,098,068 Deferred availability items 911,721 87,262 I85/969 78,558 114,086 72,657 38,275 144,710 44,952 18,862 36,016 31,559 58,815 Other liabilities including accrued dividends 2,852 384 607 182 328 322 I69 . 361 73 119 105 132 70 TOTAL LIABILITIES 23,9oo,64o 1,472,036 9,045,604 1,428,014 2,009,784 i,ooo,559 091,126 3,920,032 797,752 459,902 695,016 511,354 1,869,261 C A P I T AL A C C O U N TS Capital paid in 142,902 9,405 52,205 11,852 14,755 5,739 4,925 15,717 4,44 3,021 4,621 4,374 11,839 Surplus (Section 7) 157,502 10,949 56,051 15,171 14,346 5,230 5,725 22,925 4,966 3,152 3,613 3,976 10,792 Surplus (Section 13b) 20,781 2,874 7,070 4,393 1,007 3,244 713 1,429 530 1,000 1,137 1,263 2,121 •jther capital accounts 47,003 2,452 12,910 3,006 H ,539 1,963 2,370 8,409 1,944 2,512 2,022 1,896 2,980 TOTAL LIABILITIES .-JTD CAPITAL ACCOUNTS 24,274,028 1,497,716 9,174,640 1,462,436 2,044,431 1,016,741 704,859 3,968,512 809,641 469,587 706,409 522,863 1,696,993 Commitments to make industrial advances 14,272 166 589 2,765 1,073 859 1,698 1,874 1,140 25 1,500 — 2,783 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 O0 days 90 days 6 months to 1 Year to 2 Years 5 Years 5 Years Bills discounted 3,945 3,173 23 73 427 203 u o Industrial advances 9,024 2,680 405 • 149 418 1,059 i,4io 1,544 1,351 U. S. Government securities, direct and guaranteed 2,242,055 97,000 247,200 477,000 1,421,455 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

'or:ti F.R. 2o3-d FEDERAL RESERVE NOTE STATELSNT ON JANUARY 28, 19^2 (In thousaids of dollars) Total Boston New York Phi la*. Cleve. Rich. Atlanta Chicago St.Louis ICinn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.Bank by F.R.Agent 8,671,61*8 099,Ul7 2,228,2i|0 603,700 820,217 461,373 3^,305 1,702,181 3Ua,89'o 216,613 276,037 149,201 7*05,583 Held by Federal Reserve Bank 441,723 26,690 118,109 25,139 35,ii49 39,654 2o,0U7 z-<U,i48 £.0,99/ 6,127 10,343 15,745 73,275 In actual circulation 8,230,125 672,727 2,110,131 578,561 784,768 421,721; 270,336 1,730,033 323,899 210,48o 265,694 133,456 712,308 Collateral held by ^gent as security for notes issued to bank: uold certificates on hand and due from U. S.Treasury 8,800,500 720,000 2,240,000 O15,00J 82^,000 475,00^ 310,0J0 1,800,000 3o0,o0u 217,000 280,000 154,500 804,000 Eligible paper 3,497 325 1,495 9ao -- — — — — 108 623 — Total collateral Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

K Co Digitized for FRASER c http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis