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, Feb, 6; of the Federal Reserve System not earlier. February 5, 19^2 CONDITION OF THE FEDERAL RESERVE BANKS During the weeic ended February II member bank reserve balances decreased $226,000,00u. Reductions in member bank reserves arose from increases of $131;, 000,000 in money in circulation, $7l|,000,000 in Treasury deposits with Federal Reserve Banks and $5,000,000 in Treasury cash and from decreases of 823,000,000 in Reserve Bank credit and $6,0JO,000 in gold stock, offset in part by a decrease of $13,000,000 in nonmember deposits and othor Federal fc^so-rve accounts and an increase of $3,000,^00 in Treasury currency. Excess reserves of m.,m'oer banks on February U v/^re estimated to be approximately $3,3?0,000,000, a decrease of $150,000, uOO for thw Weeiu Changes in member bank reserve balances and related items during the week and the year uiided February 1;, 19^2, were as follows; Increase or decrease s inc e Fob. u, Jan. 28, Feb. 5> 19i|2 19/4 2 19U1 (In millions of dollars) Bills discounted I4. — . +2 U. S. Government airect obligations 2,239 ~~ + 60 U. S. Government: guaranteed obligations ]+ - 1 Industrial advances (act including lit million commitments - February U) 9 + 1 Oth .-r Reserve Bank credit 61 - 22 + 38 Total Ros^rvo Bunk credit 2,316 - 23 + ,99 Gold stock 22,738 6 + 610 Treasury currency 3,259 + 3 + 160 ivUmoer bank reserve balances - 226 - 993 Money in circulation 11,231 + l3h +2,601* Treasury cash 2,201 + 5 11 Treasury deposits with F.R. Bunks 376 + lb - 316 Nonmember deposits and other F. b. accounts 1,656 - 13 - £ll Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d Released for publication Friday morning, February 6, 19i|2; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Feb, k, Jan. 28, Feb. 5 1942 1942 1941 A S S E TS Gold certificates on hand and due from U. S. Treasury 20,521,517 - 499 + 617,236 Redemption fund - F. R. notes 11,060 - 535 + 2,«76 Other cash 350,171 - 21,2814 - 650 Total reserves 20,883,348 22,318 + 619,462 - Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 3,006 - 82 + 1,591 Other bills discounted 732 - 125 8 Total bills discounted 3,738 - 207 -f 1,599 Industrial advances 9,001 - 23 1,130 U. 3. Government securities, direct and guaranteed; Bonds 1*550,155 — + 205,555 IvotoS 692,500 — • 207,000 Total U. 8. Government securities, direct and guaranteed 2,2142,655 — + 58,555 Total bills and securities 2,255,39!; - 230 + 6l,28i| from foreign banks hi — -- F. R.notes of other banks 32,779 •f 876 7,203 Uncollected items 1,00b,1,59 4*1 3,822 -f 287,726 iit-nk premises 40,710 - h9 732 Other assets hl,lhh 958* - 3.5U5 T O T AL A S S E TS 214,267,681 • 6,941* 4- 972,862 L I A B I L I T I ES F. R. notes in actual circulation 8,351,6142 +121,517 +2 ,115,176 Deposits: member bank - reserve account l^,oU8,808 525,800 • 992,70^ U.S.Treasurer - General account 376,2u5 71^,096 - 315,787 Foreign od2,i40o - 33,o5l - 501,518 Cth ,,r deposits 064,551 + 21,426 + 8J4,2l|0 Total deposits U f ,592,010 Io3,932 -1 ,725,769 D-ferroa availability .items 9h'l,h5h 4-35,713 4- 21+9,657 UtJur liubiliti3s including accrued dividends 2,653 - 199 - UU TOTAL LIABILITIES 23,693,739 - 6,901 4- 969,360 C A P I T AL A C C O U N TS Capital paid in 11*2,923 4- • 21 4 3.U22 Surplus (Section 7) 157,502 — 4- li57 Surplus (Section 13b) 26,701 — - h Otlmr capital accounts 116,936 - 6l* - 353 TOTAL LIABILITIES AL'D CAPITAL ACCOUNTS 214,267,801 - 6,9l[l* + 972,862 Ratio of total reserves to deposit and F. R. note liabilities combined 91.0% 4 - .2% Commitments to make industrial advances Hi, 132 - iko + 8,935 * J an • 28< figures revised• Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F.R. 283-b STATH-IENT OF CONDITION OF THE FEDERAL RESERVE BANKS Oil FEBRUARY 1+, 191+2 (In thousands of dollars) A S S E TS Total Boston New Yoric Phila. Clave. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San B'ran. Gold certificates on hand and due from U. S. Treasury 20,521,517 1,207,914 8,196,099 1 ,176,861 1,636,799 78I+,088 55u,226 3,U17,628 629,217 370,192 553,871+ 392,059 1,599,960 Redemption fund -F.R.notes ll,ooO 3,865 991 509 593 1,012 711+ 726 51+9 351 671+ 510 l,lol+ Other cash 350,171 34,707 67,890 27,757 30,201 19,591+ 23,731+ 57,786 21,201 6,21+1 11+/917 ll+,330 .'31,763 Total reserves 20,383,348 1,246,466 8,264,980 1,207,127 l,ot>7,593 80l+,69!+ 578,671+ 3,1+76,11+2 650,967 376,781+ 569,465 1+07,51+9 1,632,867 Bills discounted: secured by U.S. Gov't obligations, direct and guaranteed 3,006 925 1,120 761 — -- — — 2255 75 11++00 6600 Other bills discounted 732 -- -- 50 95 — — — —— 58 1+1+2 37 Total bills discounted 3,738 925 1,120 811 95 — — — 83 517 127 60 Industrial advances 9,001 1,1+92 1,097 3,562 21+5 760 510 379 3 501 85 2k6 121 U. S. Government securities, direct and guaranteed: Bonds 1,550,155 lll+,o61+ 427,857 122,391 153,313 92,705 65,939 188,61+9 73,232 4400,,880011++ 7700,,886666 6600,,11**0055 133,930 Notes 692,500 50,956 191,137 51+, 677 68, i;90 1+1,1+15 29,1+56 6^,276 32,711+ 20,907 31,656 26,986 59,330 Total U. S. Gov't securities, direct and guaranteed 2,242,655 165,020 618,991+ 177,066 221,803 13l+,120 95,395 272,925 105,91+6 67,711 102,522 87,391 119933,,77oo00 Total bills and securities 2.2'rf^Qh 167,1+37 621,211 181,1+1+1 222,11+3 13l+,880 95,905 273,301+ 105,91+9 68,295 103,121+ 87,761+ 193,91+1 Due from foreign banks 47 3 18 5 1+ 2 2 6 l * 1 l 1+ F. R. notes of other banks 32,779 570 3,655 1,231+ 1,722 3,898 3,526 3,217 2,259 1,119 2,393 667 • 3,319 Uncollected items 1,000,459 92,599 21+3,916 67,782 112,993 82,961 1+3,009 158,300 113,530 22,779 39,255 37,81+6 63,1+89 Bank premises 40,710 2,773 10,1+89 l+,855 l+,l+29 3,008 1,91+5 2,965 2,150 1,336 2,667 1,133 2,760 Other assets 47,144 3,263 12,772 3,710 5,131 2,981 1,91+1+ 5,1+25 2,091+ 1,1+61+ 2,101 1,303 l+,l+56 t ot a L A S S E TS 21^,267,881 1,513,131 9,157,ola 1,1+66,151+ 2,oil;,015 1,037,1+21+ 725,005 3,919,359 806,950 1471,777 719,206 536,963 1,900,856 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. E. 283-c STATEMENT or- CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY h, 191+2 (In thousands of dollars) L I A B I L I T I ES Total Boston Nev/ York Phila. Clove. Rich. Atlanta Chicago -St.Louis inn. Kans.Cy. Dallas San Frail. ; F. R. notes in actual circulation 8,351,61+2 685,1+1+3 2,129,1+1+3 581+,830 791,188 it33,753 287,816 1,757*951 529,832 213,11+1+ 271,25a 138,35i4 728,33i4 Deposits; i»3ifibcr Dank-reserve acct. 12,81+8,303 631+,529 5,826,01+5 o6i+,0i+6 970,1+10 i+53,055 335,960 l,32i,2U7 36it,359 17U.153 31+6,22b 303,060 951+, 916 U.S. Treasurer-General acct. 376,21+5 32,287 51+, 979 2it,235 31,14+9 19,2itit 20,352 53,961 20,813 29,602 29,126 2it,263 35,931+ Foreign 682,1+06 26,896 267,991 6i+,-693 61,997 29,651 23,5^6 32,211+ 20,217 lit, 825 I9,5it3 19,5it3 51,250 Other deposits 68l+,551 21,370 522,236 19,717 17,21+3 5, it 03 5,353 10,057 17,51*2 11,260 1,959 it,512 it9,259 Total deposits lit, 592,010 715,582 6,671,301 772,691 1,031,101+ 507,it33 363,250 1,967,it79 it22,93l 229,8i|.0 396,356 352,170 'T709T7359" Deferred availability items 9l+7,i+3l+ 36,01+1 226,980 71+, 026 106,737 79,752 140,055 Iit5,lit3 it2,2it3 13,933 39,597 3a,009 53,013 other liabilities including accrued dividends 2,653 1+20 i+87 197 271+ 310 152 302 76 108 9it Hit 119 TOTi.L LIABILITIES 23,893,739 1,1+87,1+86 9,028,211 l,it31,7itit 1,979,353 1,021,21+8 711,279 3,870,875 795,j82 1+62,075 707,801 525,1+55 l,~873,"l30 Capital paid in lit2,923 9,it 03 52,215 11,81+9 lit,752 5,7itit it ,925 15,722 h,hh9 3,025 it,626 i+,37i+ 11,839 Surplus (section 7) 157,502 I0,9it9 56,651 15,171 iit,3it6 5,236 5,725 22,925 it, 966 3,152 3,613 3,976 10,792 Surplus (o^ction 13b) 26,781 2,87b 7,070 it, 393 1,007 3,2itit 713 1,1+29 530 1,000 1,137 1,263 2,121 Other capital accounts 1+6,936 2,1*19 12,89lt 2,997 it,557 1,952 2,303 8,1+08 1,923 2,525 2,029 1,895 2,97lt TOT.iL LIABILITIES AND CAPITAL ACCCUIITS 2it,267,88l 1,513,131 9,157,ou 1,166,15a 2,0114,015 1,037,121+ 725,005 3,^19,359 806,950 1+71,777 719,206 536,963 1,900,856 Coimaiteents to nake industrial advances lit,132 H+9 373 2,808 1,055 857 1,667 1,771+ 1,100 25 1,500 2,821+ kATORITY DISTRIBUTION OF BiLLS ;,ND SECURITIES Within. 16 to 31 to 6l to 91 days to 6 months 1 Year 2 Years to Uver Total 15 days 30 days oO days 90 days 6 nonths to 1 Year to 2 Years 5 Years 5 Years Bills discounted 3,733 3,079 21+ 153 308 126 1+8 Industrial advances 9,001 2,673 399 203 31+2 1,1+67 1,010 1,561 1,31+6 U. S. Govcrjjnent securities, direct and ^uurante^d 2,2i42,o55 97,000 21+7,200 i+77,ooo 1,121,1+55 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form R. 283-d FEDERAL RESERVE NOTE STATdLlENT OK FEBRUARY I4, I9h2 (In thousands of dollars) Total Boston LTev York Phi la. Clevt.. Rich. Atlanta Chicago So. Louis Ivlinr:. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.Bank by F.R.Agent 8*739,076 705,815 2,214;,025 605,870 821;,1*15 400,897 305,625 1,791,720 344,355 219,093 279,196 150,725 798,338 Held by Federal Reserve Bank ^87,^6 20,372 111;,582 21,046 33,225 33,144 17,80Q 36,789 14,523 5,9l+9 7,942 12,371 69,70^ In actual circulation 8,351-,61*2 685,U;3 2,129,1^3 581;,830 791,188 ii33,753 207,816 1,757,951 329,832 213,14!; 271,251 13o,35U 726,631; Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U.S. Treasury 8,860,500 720,000 2,250,000 Ol5,000 825,JOO I;85,000 310,000 1,820,000 3o0,0.J 222,000 280,000 151;, 500 819,000 Eligible paper 3,391; 925 1,120 761 -- — — — ' -- 83 505 Total collateral 8,863,8}!; 720,925 2,251,120 615,761 825,000 485,000 310,000 1,620,000 360,000 222,083 260,505 154,500 ol9,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis