H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 2d3 STATEMENT FOR THE PRESS Released for publication Board of Governors Saturday morning, Feb, Ik; of the Federal Reserve System not earlier. February 13, I9k2 COKDITIdT .F THE FEDERAL RESERVE BAFKS During the week ended February 11 member bank reserve balances increased $5^,000,00u. Additions to member bank reserves arose from decreases of £57,000,000 in Treasury deposits v\,itn Federal Reserve Barnes, $7,000,000 in Treasury cash, and $5^,000,000 in nonmember deposits and other Federal Reserve accounts, and increases of $15,000,000 in Reserve Bank credit, $3,000,000 in gold stock, and ?4,000,000 in Treasury curiency, offset in part by an increase of $08,000,000 in money in circulation. Excess reserves of member banks on February 11 were estimatec to be approximately $3*3^0,0u0,000, an increase of $30,000,000 for thu week. Changes in member bank reserve balances and related items during the week and the year end^d February 11, 19^2, were as follows: Increase or decrease since Fob. 11, Feb. .4, Feb. 12, 1942 1942 1941 (In millions of dollars) Bills discounted 3 - 1 -- U. S. Government direct obligations V( or Ov ... 60 U. S. Government guaranteed obligations k -- - 1 Industrial advances (not including 15 million commitments - February 11) ? + 1 Other Reserve Bank credit 77 + 16 + 11 Total Reserve Bank credit 2,331 + 15 + 71 Oold stoc.c 22,7U 3 + oil Jrjasury currency 3,263 + k + I03 wnb^r bank reserve balances 12,905 + 56 9 66 'loniy in circulation 11,319 + 88 Treasury cash - 7 - 18 .>~j.sury deposits with F. R. Banks 319 - 57 - 303 "icmaember deposits and other F. R. accounts 1,598 - 53 - 522 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fcrm F. R. 283-a Released for publication Saburdayuorning, February 1J*, 1942; riot earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Fob. 11, Feb 4, F~b. 12, # 1942 1942 1941 A S S E TS Gold certificates on hand and due from U. S. Treasury 2o,52y i?18 8,001 + 626,737 # Redemption fund - F. R. notes 12,737 + 1,077 + 5,139 Other cash 342,320 - 7,851 - 2,891 Total reserves 20,884,575 + 1,227 + 626,985 Bills discounted* Secured by U# S. Gov't obligations, direct and guaranteed 2,377 • 629 + 515 Other bills discounted 715 - 17 + 35 - T otal bil . l . s disc , o unted 3,p92 • 046 + 548 Industrial advances 8,877 - 124 + 1,000 U. S. Government securities, direct and guaranteed: Bonds 1,550,155 — + 265,555 Notes 692,^00 — - 207,000 Total U. S« Government securities direct and guaranteed 2,242,655 — + 58,555 Total bills and securities 2,254,624 - 770 + 6o,1U3 Due from foreign banks 47 F. R* notes of other banks 27,920 • 4,859 + 1,610 Uncollected items 938 ,u44 - 70,01$ + 144,377 Bank premises 40,718 8 + 722 Other assets 48,456 + 1,312 - 2,9H T O T AL A S S E TS 24,194,784 -73,097 + 831,386- L I A B I L I T I ES F. R. notes in actual circulation 8,422,164 + 70,522 +2,490,700 Deposits* llember bank - reserve account 12,905,279 56,471 - 965,414 U.S»Treasurer - General account 318^516 - 57,729 - 303,955 Foreign 680,744 - 1,062 - 483,105 Other deposits 6^8,823 - 55,728 - 44,431 Total deposits 14,533,3^2 - 58, t>48 -1,796,905 Deferred availability items 861,525 - 85,809 133,747 Other liabilities including accrued dividends ^,421 + 768 + 289 TOTAL LIABILITIES 23,820,572 - 73,167 •f 827,831 C A P I T AL A C C O U N TS Capital paid in 143,040 + 117 + 3,526 Surplus (Section 7) 157,502 — + 437 Surplus (Section 13b) 26,781 — - 4 Other capital accounts 46,88^ - 47 404 TOTaL LIABILITIES AM) CAPITAL ACCOUNTS 24,194,784 - 73,097 + 831,386 Ratio of total reserves to deposit and F. R* note liabilities combined 91 • 0% — — Commitments to make industrial advances 14,690 + 558 + 9,563 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F* R* 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 11, 1942 (In thousands of dollars) A S S E TS Totul Boston New York Phila. Clove, Rich* Atlanta Chicago St.Louis aonn. Kans.Cy. Dallas San Fran, Gold certificates on hand and due from U. S. Treasury 20,529,518 1,205,874 8,157,210 1,188,722 1,626,569 * 800,627 558,81c 3,415,862 £>30,358 370,516 567,713 392,81,5 I,ol4,4o6 Redemption fund - F.R.notes 12,737 3,820 814 443 543 1,579 686 1,067 535 344 661 501 1,11*4 Other cash 342,320 38,516 66,952 25,858 30,977 16,363 22,781* 55,513 19,496 6,315 15,190 ill,190 30,166 Total reserves 20.88l*,575 1,21*8,210 8,221^976 1,215,023 1,658,089 313,569 582,286 3,1*73,01*2 650,389 377,175 583,561* 1*07,536 1,61*5,716 Bills discounted: Secured by U. S. Gov't obligations. direct and guaranteed ^,377 200 1,216 751 25 — — — 25 11**55 25 90 Other bills discounted 715 — 30 50 87 — 58 1*03 87 Total bills discounted 3.092 200 1,21*6 801 112 — — — 83 1*1*8 112 90 Industrial advances 8,877 1,302 1,097 3,582 231 760 512 ' 379 5 508 85 21*6 120 IJ. S.Government securities, direct and guaranteed: Bonds 1,550,155 lll*,0ol* 1*27,857 122,591 153,313 92,705 o5,939 188,619 73,232 1*6,801* 70,866 60,1*05 133,930 Notes 692,500 50,956 191,137 511,677 o8,l*90 hi,hi 5 29,1*56 8I1,276 32,71!* 20,907 31,656 26,986 59,830 Total U. S. Gov't securities, dirocfc and guaranteed 2,2l*2,o55 165,020 618,991* 177,068 221,803 13U,120 95,395 272,925 105,91+6 67,7H 102,522 67,391 119933,,776600 Total bills and securities 2,251*, 621* 166,522 621,337 181,1*51 222,196 131*, 880 95,907 273,301* 105,951 68,302 103,055 87,71*9 Due from foreign banks 1*7 3 18 5 1* 2 2 0/ l * 1 1 k 2,966 F. R. notes of other banks 27,920 776 2,600 1,257 2,181 6,£*S0 W-91 2,701 1,939 252* 1,561; 711 Uncollected items 938,1*1*1* 81*, 707 205,731 00,839 122,528 76,1*87 1*3,119 11*2,318 43,o73 21,512 37,5^0 37,291* 56,536 Bank promises 1*0,',18 2,773 10,1*89 U.855 h,h29 3,016 1,9'-. 5 2,965 2,150 1,336 2,367 1,133 2,760 0th^r assets 1*8,1*56 3,u33 13,292 3,791 5,222 3,067 i,97o 5,599 120 1,1+65 2,129 1,326 4,542 T O T AL A S S E TS 24,1^4,784 1,506,424 9,078,443 1,473,221 2,oi4,b49 1,042,501 729,720 3,8,9,935 006,423 470,044 730,080 536,250 1,906,494 *Less than $500, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAH Kb UN FEBRUARY 11, 1942 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Dallas San Fran. F- R. notes in actual circulation 8,422,164 689,291 2,149,835 595,629 801,226 433,231 286,703 136,887 737,113 Deposits; iviember bank-reserve acct. 12,905,279 637,343 5,817,834 654,734 958,978 470,592 342,502 310, P 70 975,555 U.S.Ireasurer-Jeneral acct. 318,516 27,825 52,901 34,89? 27,820 12,703 20,315 40,231 lJ,, 102 l6,07o 28,578 20,911 22,155 Foreign 680,744 26,145 267,080 64,693 61,997 29,651 23,586 82,214 20,217 14,325 19,543 19,543 51,250 ^ther deposits 628,823 19,798 482,945 19,520 16,029 5,4oo 3,351 3,070 14,404 10,513 2,602 2,349 48*176 Total deposits 14,533,362 711.111 6,620,760 773,8961,065,424 518,412 389,754 1,943.387 421,8^0 227,318 410^941 353,373 1,097,136 Deferred availability items 861,625 79,902 178,354 08,986 112,993 74,305 39,3°6 131,850 41,842 18,402 36,990 34,337 44,298 Other liabilities including accrued dividends 3,1*21 648 302 344 327 175 487 106 127 123 134 178 TOTAL LIABILITIES 23,820,572 1,480,774 8,949,597 1,438,813 1,979,987 1,026,325 715,998 3,851,451 794,563 4oo,333 719,275 524,731 1,878,725 Capital paid in 114433,,004400 9,403 52,222 11,654 14,756 5,745 4,925 15,741 4,451 3,037 4,629 4,387 11,888 Surplus (Section 7) 157,502 10,949 56,651 15,171 14,346 5,236 5,725 22,925 4,966 3,152 3,013 3,976 10,792 Surplus (Section ljb) 26,781 2,874 7,070 4,323 1,007 3,244 713 1,429 530 1,000 1,137 1,263 2,121 other capital a;counts 46,889 2,424 12,903 2,990 4,551 1,951 2,359 8,389 1,913 2,522 2,026 1,393 2,968 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,194.7841,506,424 9,-078,443 1,473,221 2,014,649 1,042,501 729,7203,899,935 805,423 470,044 730,680 536,250 I,;O6,494 Commitments to make industrial advances 14,690 135 366 2,781 1,072 1,471 1,664 1,774 1,100 23 1,500 2,804 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 31 "fcc 6l to 91 days to 6 months 1 Year 2 Years to ^ver Total 15 days 30 days oO days 90 days 6 months to 1 Year to 2 Years 5 Years 5 Years Bills discounted 3,092 2,463 16 176 274 136 27 Industrial advances 8,877 2,495 407 153 392 1,475 1,578 1,342 1,035 U. o. Government securities, 247,200 477,^00 1,421,455 airect ana ^u^ranteed 2,242,655 97,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. clfj-j-B. FiSDEkivL k^iRVE I3CTE SIaT-UKI ON PSiikuARY 11, 19u2 (In thousands of dollars) Total rioston New York Phila. Cleve. Rich. Atlanta Chicago St.i_ouis Lin::. Kans.Cy., Dallas San Fran. Federal Reserve notes: Issued to F.R.Baruc by F.R.Agent 8,812,97^ 712,335 2,2?0,0k2 615,133 835,kOo 469,576 508,1*71 1,812,61*9 3k8,u80 220,258 279,955 151,138 809,907 Held by Federal Reserve Ban:c 390,80b. a3,Gkk 100,^07 19,52k 3k,130 36,297 21,766 ^6,^22 17,315 5,772 8,73k lk,251 72,79k In actual circulation 8,k22,lok 689,291 2,lk9,835 595,629 801,226 1*33,281 286,703 1,775,727 530,7°5 21k,k86 271,, 21 136,087 737,113 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. o. Treasury 6,952,000 720,000 2,270,000 ok0,0u0 31*0,OJO k85,000 315,000 1,81*0,000 560,000 222,0O0 285,^00 156,000 819,000 eligible paper 2,717 20J l,2k7 751 ~ ~ ~ ~ " 83 k36 — Total collateral 8,95k,717 720,200 2,271,247 ok0,751 8k0,000 1*85,000 315,000 1,81*0,000 360,000 222,083 205,k36 156,000 819,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis