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, Mar. 13; of the Federal Reserve System not earlier. March 12, 1942 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 11 member bank reserve balances increased $133* 000,000. Additions to member bank reserves y.rose from decreases of $22'/, 0 JO, 000 in Treasury deposits with Federal Reserve Banks and $4>o00,00j in Treasury cash and increases of $4,000,u00 in gold stock and $2,000,000 in Treasury currency, offset in part by a decrease of $55,OOu,OuO. in Reserve Bank credit and increases of £2,u00,000 in money in circulation and $47,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on Mdroh il were estimated to be approximately $3*270,000,000, an increase of $60,000,000 for the we^k. The principal change in holdings of bills and securities was a decrease of $9,000,000 in united States Government bonds. Changes in member oanic reserve balances and related items during the week and the year uaded March 11, 1942, were as follows: Increase or decrease since Mar. 11, Mar. 4-, Mar. 12, 1942 1942 1941 (In millions of dollars) Bills discounted o « +5 (J. S. Government direct obligations 2,249 - 9 + 70 U. S. Government guaranteed obligations Li ~~ 1 Industrial advances(nob including 13 million commitments - March 11) 9 — +1 0thwr Reserve Bank credit 79 - 4° + 28 Total Reserve Bank credit 2,34.7 — 35 + 10,3 Gold stock 22,709 + 4 391 Treasury currency 3,271 +2 + 165 Member bank reserve balances 12,968 + 133 -1,21^3 Money in circulation 11,520 + 2 +2,709 Treasury cash 2,176 -4 - 20 Treasury deposits with F. R. Banks 60 - 227 - 3&1 Nonnember deposits and other F. R. accounts 1,603 + 47 - 425 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d Released for publication Friday morning, March 13,1942; not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Mar. 11, Mar• 4, Mar. 12, 1942 191*2 191*1 A S S E TS Gold certificates on hand and due from U. S. Treasury 20,513,911 + 11,999 .410,632 Redemption fund - F. R. notes lli,00l+ 1,000 * 3,090 Other cash 327,920 + 7,002 260 Total reserves 20,855,835 20,001 + 1*13,982 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 5.1*20 255 + 1*,1*79 Other bills discounted 919 321 + 508 Total bills discounted 6,339 + 576 + 4,937 Industrial advances 8,686 + 52 + 805 U. S. Government securities, direct and guaranteed* Bonds 1,560,736 - 9,250 + 276,136 Notes 692,500 207,000 — - Total U. S. Government securities, direct and guaranteed 2,253,236 - 9,250 69,136 Total bills and securities 2,268,261 8,622 71*, 928 - Due from foreign banks 1*7 . 1 F. R. notes of other banks 25,614 + . 552 + 3»7l*o Uncollected items 1,017,991* - 31*, 1*52 156,078 Bank premises 40,699 + 30 8 03 Other assets 55,71*1* it, 630 - 1,862 T O T AL A S S E TS 24,2614,191* - 17,861 + 61*7,669 L I A B I L I T I ES F. R. notes in actual circulation 8,597,386 12,710 +2, 550,050 Deposits• Member bank - reserve account 12,968,350 +133,592 -1,242,492 U.S.Treasurer - General account 60,267 -226,581 - 361,156 Foreign 71*3,729 + 27,920 - 1*19,1*11* Other deposits 573,026 + 18,509 - 12,176 Total deposits 14,31*5,372 - 46,560 •2,035,238 Deferred availability items 938,911* + 11,201 127,571* Other liabilities including accrued dividends 7,592 4,252 + 1,228 TOTAL LIABILITIES 23,889,2614 18,397 643,614 C A P I T AL A C C O U N TS Capital paid in 11*3,193 + 78 + 3,522 Surplus (Section 7) 157,502 + 1*37 Surplus (Section 13b) 26,781 -- - 1* Other capital accounts 1*7,1*51* 458 + 100 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24.26i4.i9l* - 17,861 + 647,669 Ratio of total reserves to deposit and F. R. note liabilities combined 90.9$ + .2/0 - .2% Commitments to make industrial advances 13,371* - 172 6,813 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-b STATEMENT OF CONDITION CF THE FEDERAL RESERVE BANKS ON ivIARCH 11, 191+2 (in thousands of dollars) A S S E TS Total Boston Nov/ York Phila. Clove. Rich. Atlanta Chicago St,Louis iiinn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.s, Treasury 20,513,511 1,162,71+3 8,136,936 l,11+9,667 1,6^7,1*50 807,^1 589*055 3M 627^98 359,907 5l+l+,lll+ 382,057 1,652,508 Redemption f una - F.R. notes li+ 00l+ 3. 706 l.jl+2 1 ,^ 1,000 1 .5» 0 Mo Ij / 1+97 326 627 1+79 1,092 ; ; other cash 327,920 28,6),i 68.,539 2i+.93^> 26.;/)i 17.096 20.090 55..^ 19,152 5,999 13,615 12,513 31,930 Total reserves 20,855,855 1,195,090 8i, 206,817 1,175,879 1,655,01+1 826,280 609,761 3,534,653 61+7,11+7 366,232 558,356 395,01+9 1,685,530 Bills discounted: Secured by U* S* Gov't obligations, direct and guaranteed 5,1^20 270 i+,270 689 11 — 125 — -- 10 ii++55 Other bills discounted 919 — 600 50 110 —— — — — — 71 8888 Total bills discounted 6,339 270 4,870 739 121 — 125 — — — 81 88 i+5 Industrial advances 8,636 037 1,097 i+,167 215 752 1+81+ 378 6 515 77 238 120 U. S* Gov^rrjii^nt securities, direct und ^uurantjed: Bonds 1,^60.756 11L,838 1+30,879 123,256 151+, 366 93,287 66,387 189-868 73,720 1+7,127 71,369 60,811+ 1133ii++,,882255 Motes 692,500 50,951; 191-181 54.-689 A J Q K J } , O L O , > —1 ,1,391 29.1+56 81+. 245 32,709 20,911 31,666 26,983 59,823 Total U. S. Gov't securities direct and gu^runce~od 2~2 53,236 lt>5,792 622,060 177,945 222,858 13!+, 67 8 95,81,3 27i+,H3 106,1+29 68,038 103,035 87,797 1199iitt,,66ii++88 Total bills and 2,268,261 166,099 628,02.7 182,851 223,191+ 135,1+30 96,1+52 271+,1+91 106,1+35 o8,553 103,193 88,123 191+, 813 Due fron foreign banks 1+7 3 18 5 h 2 2 6 1 * 1 1 h F. R. notes of otn,r banks 25,611+ 721+ 3,167 1,555 1.-7? 1+A51 2,5- 2,215 673 1.9&2 023 3,51+8 ( Uncollected items 1,017,994 86,8ol 230.3-3 70,1+55 122 bl* b6 1+1.>''6 I6I//V0 ,-0383 2i+,0I3 1+2,2o3 30,679 o7,»5b r Bank promises ' 1+0,699 2,768 10,1,70 1 OH S.XO 2-A6 1,333 2,861 1,125 2,755 Other assets 5 5M 5,609 il+,ir, 7,761 XO-6 3,353 2,101 5,9-6 2.505 1,625 2,272 1,91+6 4,9^5 T O T AL A S S E TS 21+, 261*, 19I+ 1,455,751: 9,093,309 1,443,351 2,012,616 1,057,522 756,53-- 3.982,301+ 806,632 462,427 710,908 523,51+7 1,959,1+10 *L-'?bS than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fori;: F. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON 11ARCH 11', 19k2 (In thousands of dollars) •H I A B I L I II 2 S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual circulation 8,597,386 697,159 2,193,863 606,396 819,955 l*k7,95k 301,099 1,796,062 337,629 218,868 273,531 lbl,b9k 758,376 Deposits• Member bank-reserve acct* 12,968,350 60I* ,193 5,763,006 61*1,990 9li7,190 1*72,381* 369,836 1,901*,307 377,833 187,91*3 356,759 311,269 1,031,590 U.S•Treasurer-General acct 60,267 1,223 1±7,81*9 535 552 553 568 589 3,339 5k 5 616 585 5,313 Foreign 71+3,729 28,331* 293,210 70,1*82 67,5145 32,301* 25,696 89,570 22,026 16,152 21,291 21,291 55,623 Other deposits 573,026 16,622 1*62,232 15,039 25,527 3,133 3,129 2,379 6,512 8,915 1,296 2,1*70 23,772 Total deposits ll*, 3l*5,372 650,372 6,506,297 728,01*6 1,01*0,811* 508,371* 399,229 1,996,61*5 1*11,760 213,55^ 379,962 335,615 1,111*,503 Deferred availability items 938/M 32,023 203,220 70,519 116,693 81*,7u6 1*2,021 11*0,352 1*5,237 20,121* 1*0,825 3k,c95 58 ,i*59 Other liabilities including accrued dividends 7,592 1*96 905 3,925 1*20 3k8 201* 1*60 121* 11*1 127 163 259 TOTAL LIABILITIES 23,889,361* 1,1*30,05^ 6,961*,285 1,1* J8,880 1,977,832 1 ,01*1,1*22 71+2,553 3,933,739 79k,750 1*52,683 099,kk5 511,967 1,931,597 C A P I T AL A C C 0 TJ N T S Capital paid in 11+3,193 9,li05 52,208 11,81*1 lb,767 5,753 4,933 15,793 i*,li58 3,oli3 b, 61*7 U,l*26 ii,9lk Surplus (Section 7) 157,502 10,91+9 56,651 15,171 11*, 5l*o 5,230 5,725 22,925 1*,966 3,152 3,613 3,976 10,792 Surplus (Section 13b) 26,781 2,871; 7,o70 k,393 1,007 3,21*1* 713 1,1*29 530 1,000 1,137 1,263 2,121 Other capital accounts 1*7 ,k5k 2,1*76 13,095 3,060 a,611* 1,967 2,585 8,1*10 1,928 2,511* 2,066 1,915 2,986 TOTAL LIABILITIES AND CAPITAL ACCOUNT • S 2h,26b, 19U 1,14^5,754 9,093,309 1,1*1*3,3512 ,012,610 057,622 756,311* 3,902,301* 306,632 1*62,1*27 710,908 523,51*7 1,959,1+10 Conruitments to inaice industrial V advances 13,37k 128 1+31 2,109 1,028 1,1*32 1,611* 1,93k 1,056 23 1,500 2,119 I'.iATURITY 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 '5'b da ys 60 days 90 days 6 months to 1 Year to 2 Years 5 Years 5 Years Bills discounted 6,339 6,011* 28 100 56 129 12 Industrial advances e;686 2,1I4O 372 183 967 1,01*1 938 1,569 1,176 U. S. Government securities, direct and guaranteed 2,253,236 97,000 21*7,200 477,000 1,1*32,036 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F.R. FEDERAL RESERVE NOTE STATEMENT ON ivlARCH 11, 19^2 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St,Louis liinn. Kans.Cy. Dallas San Fran. Federal Reserve no boss Issued to F.R.Bank by F.R.Agent y,000,c>?C 716,652 2,295,212 629,loo 852,5214. 483,288 322,717 1,81*0,137 35li#9U* 221*,081* 289,77^ 157,323 83U,83i| Mold by Federal Reserve Bank U03,30l| I9,l9'3 101,3^9 22,770 32,56* 55,33k 21,61*8 14^,075 17,320 5,216 11,210 15,829 76,450 in actual circulation 8,597,386 697,159 2,193,863 606,396 819,955 W7,95l! 301,099 1,796,062 337,629 218,868 278,-531 lhl,h9h 753,376 1 a 1 h..1 d tbJy o ent as sorarity for notes issuea zo bank: Cola cei ti.l\i.c~t Jo on uand and da^ from. j. d. Tr-^sury 9,12lj,500 71(0,000 2,300,000 t>40,000 655,000 500,000 330,000 l,860,0o0 370,000 227,000 295,000 163,500 814*,000 -Li-hlj pap.r ' 5,905 270 4,070 c90 -- — — — — — 75 — Pot^i coiiut^rdi 9,130,405 7^0,270 2,30!;,370 64^,690 855,000 500,000 350,000 1,860,000 370,000 227,000 295,075 163,500 844,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis