H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. H. 283 STATEMENT FUR THE PRESS Released for publication board of Governors Friday morning, ^arch 27; of the Federal Reserve System not earlier, March 26, 1^2 CONDITION OF THE FEDERAL RESERVE BANKS During the week: ended :.:arch 25 member bank reserve balances decreased $412,00J,000. Reductions in member bank reserves arose from increases of $413,003,000 in Treasur/ deposits with Federal Reserve banks and $7,000,000 in Treasury cash, and decieases of $25,000,000 in Reserve Bank credit and $2,000,000 in gold stock, offoet in part by decreases of $12,000,000 in money in cixculation and $22,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banics on March ^5 were estimated to be approximately $2,850,000,000, a decrease of $310,000,OOo for the week. The principal change in holdings of bills and securities was a decrease of $5,000,000 in United otates Government bonds. Changes in member bank reserve balances and related items during the week and the year ended Marcn 25, 19u2, 'were as follows: Increase or decrease since Mar. 25, -ar. 18, i^ar. 26, 1942 19q2 1941 fin millions of dollars) Bills discounted D/ -- + 5 U. S. Government direct obligations 2,21*0 - 5 + 61 U. S. Government guaranteed obligations h 1 — - Industrial advances (not including II4. million commitments - March 25) 9 — + 1 Oth^r Reserve Bank credit 67 - 20 + ho Total Reserve Bank credit 2,326 - 25 + 105 Gold stock 22,6% - 2 + 325 Treasury currency 3,271* + 1 + 166 member banic reserve balances 12,527 -1*12 -1 ,106 ^loney in circulation 11,1*62 - 12 +2, 620 Treasury cash 2,175 + 7 - 55 Treasury deposits with F.R. Banks U72 +U3 - hlh Nonmember deposits and other F. R. accounts 1,6)43 - 22 1*28 - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form*F. R. 283-a Released for publication Friday morning, iiarch 27,1942$ not earlier, STATI2L EFT OF CONDITION OF THE TWELVE FELiEiuiL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since I.arch 25, inarch 18, iiarch 26, 19U2 1942 1941 A S S E TS Gold certificates on hand and due from U. S. Treasury 20,1*62,911 - 11,002 + 300,632 Redemption fund - F. R. notes 13,023 406 2,453 Other cash 343,706 + 5,151 + 2,652 Total reserves 20,839,642 - 6,257 + 305,737 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 5,368 - 746 + 4,486 Other bills discounted 941 + 615 + 525 Total bills discounted 6,309 131 + 5,oii Industrial advances 8,607 + 53 + 650 [J. S. Government securities, direct and guaranteed; Bonds 1,551,736 - 4,750 + 216,936 Motes 692,500 156,800 — - Total IJ. S. Government securities, direct and guaranteed 2,244,236 - 4,750 + 60,136 Total bills and securities 2,259,152 - 4,828 + 65,797 Due from foreign banks 47 — — F. R. notes of other caixis 26,579 - 1,158 + 6,490 Uncollected items 1,052,232 -448,601 + 279,694 Ban:< premises 4o,686 20 + 784 Other assets 42,790 + 732 - 4,001 T O T AL A SS T S 24,261,128 -460,132 + 734,501 L I A B I L I T I ES F. R. notes in actual circulation 8,545,263 - 11,610 +2,465,819 Deposits• Member bank - reserve account 12,526,755 -412*, 573 -1 ,,110066,,001144 U.S. Treasurer- General account 472,497 +413,638 - 433,779 For ei gn 726,755 - 14,784 - 441,397 Other deposits 625,040 - 6,607 + 5,431 Total deposits 14,351,047 - 20,326 -1,975,759 Defeired availability items 985,008 -428,504 + 239,813 other liabilities including accrued dividends 4,197 129 •f 110 TOTAL LIABILITIES 23,885,515 -460,569 729,988 C A P I T A i, A C C O U N TS Capital paid in 143,283 + 60 + 3,488 Surplus (Section 7) 157,502 — 437 Surplus (Section l$b} 26,781 — - 4 Jther capital accounts 48,047 + 377 592 TOTAL LIABILITIES X..ND CAPIT-J, ACCOUNTS 24,261,128 -460,132 734,501 Ratio of total reserves to deposit and b. R. .note liabilities combined 91. CP/i, + .l% - Oomaitments to make industrial advances 14,364 + 110 + 7,049 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-c STATELIEST OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 31, 1941 (In thousands of dollars) AA SD Sd E£1T Sl o Total Boston :N ew York Phila. Cleve. Rich. Atlanta Chicago St.Louis kinn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S. Treasury 20,1+02,911 1,183,1+H 8 ,110,323 1,133,407 1,585,698 797,577 566,335 3,598,352 590,09& 363,296 540,050 384,255 1,619,565 Redemption fund - F.R.notes 13,023 3,528 1,770 1,038 815 1,367 511 1,232 427 287 579 443 976 Other cash 3^3,708 30,523 73,396 25,124 26,963 13,321 20,349 60,540 19,611 6,091 14,925 13,850 34,010 Total reserves 20,839,61+2 1,217,1+62 6 ,135,489 1,164,619 1,613,481 317,265 537,745 3,660,124 610,130374,674 555,554 393,543 1,654,551 Bills discounted: Secured by U. S.Gov't obligations direct and guaranteed 5,368 457 3,875 750 100 — 125 — 1 — 25 35 Other bills discounted 9^1 —— 750 — — 73 — -- — - - — 31 87 — — Total bills discounted 6,309 457 4,625 750 173 — 125 — 1 31 112 35 Industrial advances 8,60? 662 1,104 4,019 215 723 449 330 6 613 77 235 119 U. S. Government securities, direct and guaranteed: Bonds 1,551,736 114,160 428,309 ' 122,520 153,471 92,792 66,006 138,831 73,304 46,352 70,940 60,467 134,064 Notes 692,500 50,955 191,143 54,673 60,490 41,411 29,457 84,271 32,715 20,909 31,659 26,934 59,323 Total U.S. Gov't securities, direct and guaranteed 2 f 2IfI(.2^6 165,135 619,452 177,193 221,961 134,203 95,463 273,102106,019 67,761 102,599 37,451 193,392 Total bills and securities 2,259*152 166**254 625,181 131,967 222,349 134,931 96,037 273,4321.06,025 63,375 102,707 37,793 194,046 Due from foreign banks Il7 3 18 5 4 2 2 6 l * l 1 4 F. R. not^s of other banks 26,579 756 2,406 1,648 1,891 3,487 4,274 2,406 2,558 535 2,127 534 3,957 Uncollected items 1,052,252 96,647 232,684 69,207 131,195 101,424 50,537 155,377 U5,94S 22,694 36,159 40,316 70,044 Bank premises 140,686 2,768 10,470 4,845 4,411 3,o47 1,968 2,962 2,146 1,333 2,861 1,128 2,747 Other assets 1+2,790 2,945 11,922 3,335 4,671 2,821 1,715 4,739 1,346 1,298 1,832 1,624 3,992 T O T AL A S S : TS 24,261,123 1,136,335 9,068,170 1,425,676 1,973,002 1,062,977 742,278 4,099,096763,654 468,909 701,241 529,949 1,929,341 •Loss than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-c STATELIEST OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 31, 1941 (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 Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual circulation 8 ,51*5,263 679,328 2,190,004 604,296 816,359 443,51*7 302,569 1,781,739 356,637 218,688 278,190 140,171 753,735 Deposits: Liember bank-reserve acct. 12, 526,755 603,755 5,617,824 613,406 363,491* 43l*,973 325,905 1,926,034 331,536 130,337 335,637 300,403 987,951 IL-S.Treasurer-General acct. 472,497 47,306 138,033 16,101 36,907 23,070 25,020 96,080 13,295 16,260 16,315 16,670 ^1,335 Foreign 726,755 25,846 287,860 68,943 66,076 31,601 25,137 87,622 21,546 15,-01 20,828 20,328 54,662 Other deposits 625,040 10,626 504,356 12,826 35,249 7,119 3,^2 2,367 11,983 8,755 1,209 1,926 24,052 Total deoosits 1 A ) jU , , 351,047 683,033 6,51*3,123 716,281 1 ,001,726 . 5®1,763 330,054 2,112,603 373,360221,653 374,569 339,-27 1,033,050 Deferred availability items 985,008 93,252 199,747 70,267 124,694 101,060 45,655 155,533 41,632 18,671 36,874 33,151 59,1*67 Other liabilities including accrued dividends 4,197 458 1,078 315 433 207 526 119 143 124 199 229 TOTAL LIABILITIES 23 ,335,515 1,461,071 8,933,957 1,391,159 1,91*3,217 C A P I T AL A C C O Ui Li T S Capital paid in 1(43,233 9,1*06 52,210 11,839 14,764 5,753 14,91*9 15,862 4,466 3,o43 4,643 4,1*26 11,917 Surplus (Section 7) 157,502 10,91*9 56,651 15,171 14,31*6 5,236 5,725 22,925 4,966 3,152 3,613 3,976 10,792 Surplus (section 15b; 26,781 2,874 7,070 1*,393 1,007 3,244 713 1,429 530 1,000 1,137 1,263 2,121 Otner capital accounts * 48,047 2,535 13,282 3,114 4,66d 2,013 2,406 8,474 i,9l*l* 2,559 2,036 1,936 3,030 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,261,128 1,436,835 9,068,170 1,425,676 1,973,002 1,062,977 742,270 4,099,096 768,65!* 463,909 701,241 529,91*9 1,929,31*1 Comammiittmmeennttss to make industrial advances 14,>64 627 429 2,267 1,024 1,407 1,580 2,053 1,423 — 1,500 — 2,q49 MATURITY DISTRIBJIJ.UK OF BILLS AMD SdCURITiaS 7vitnin 16 to 31 to ol to 91 days to o months : ear 2 Years to uver Total 15 days 30 days 60 days 90 days 6 months to 1 Year to 2 Years 5 Years 5 Years Bills discounted 6,30; o, 090 11 18 60 126 Industrial advances 8,607 2,171 582 296 888 1,067 913 1,526 1,159 U. S. Govermaent securities, direct and guaranteed 2,2^4,236 66,200 70,100 317,800 367,100 1,423,036 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d FEDERAL RESERVE NOTE STATEMENT ON LuiRCH 25, 1%2 (In thousands of dollars) Total Boston Hew York Phila. Clove. Rich. ^tlanti. Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Foaeral Reserve notos : Issued to F.R.B&rjc by F.R.Agent9,023,31*3 70l*,l*9l+ 2,306,016 626,1*1*2 359,171 483,935 328,952 1,81*9,797 35^,879 221*, oio 290,^10 156,9u8 83/, 1*89 Hold by Federal Reserve Bank 1*78,080 25,166 116,012 22,11*6 1*2,-"12 1*0,388 26,383 68,053 18,21*2 6,122 1^,220 16,777 83,751* In actual circulation 8,5li5,263 679,328 2,190,001* 604,296 816,359 hh3,%7 302,569 1,781,739 336,637 213,683 278,190 11*0,171 753,735 Coll^teial held by agent as security for notes issued to bank: Grold certificates on hand and due fron U. s. Treasury 9,19U,530 71*3,003 2,320,000 61*0, J00 865,030 530,000 31*0,0JO 1,380,000 37:,00. 227,000 295,000 lt>3,500 000 Eligible paper 5,859 457 4,625 750 " — — -- -- — 27 ~ Total collet.rai 9,200,359 71*0,1*57 2,321*,625 61*0,750 865,000 500,000 31*0,000 1,880,000 370,000 227,000 235,027 163,300 851*,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis