H.4.1 Factors Affecting Reserve Balances of Depository Institutions

J^orm F. h. 26 3 .ESS Released lor publication Board of Governors Friday morning, April 3; of the Federal Reserve System not earlier. April 2, 1^2 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 1 member bank reserve balances decreased $31,000,000* Reductions in member bank reserves arose from increases of $131*000,000 in money in circulation and $12,000..000 in Treasury cash and a decrease of $12,000,000 in ^old stock, offset in part by increases of $13,000,000 in Reserve Bank credit and $3*000,000 in Treasury currency and a decrease of £110,000,000 in Treasury 'deposits with jeceral Reserve sanks. Excess reserves of member banks on April 1 were estimated to be approximately $3,000,000,000, an increase of $130,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended April 1, lll\2-» were as follows* increase or decrease since April 1, ..arch 25, April 2, 1%2 I9[j2 19)41 (In millions of dollars) bills discounted 9 + 3 4 -8 U. S. Government direct obligations 2,2ij0 -- + 61 U. S. Government guaranteed obligations k — 1 Industrial advances (not including Iq. million commitments - April 1) 9 + I Othur Reserve Bank credit 77 +10 + 26 Total Reserve Bank credib 2,339 + 13 + 9b Gold stock 22,672 - 12 -f 283 Treasury currency 3*277 +3 + 167 uember banic res.rvu balances 12,14.96 - 31 -1,010 koney in circulation 11,393 +131 +2, 0I4.9 Treasury Cash 2,187 + 12 ok Treasury deposits v«ith F.I . B^nks 362 -110 - 683 Nonmomber deposits and other r. R. accounts 1,61;9 + 1 - 3U3 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form R. 283-d Released for publication Friday morning, April 3, 1942$ not earlier. ST^TEM jNT OF CONDITION OF THE TWELVE FEDERML RESERVE BiilTICS COMBINED (In thousands of dollars) Increase or decrease since April 1, iferch 25, A. pril 2, 1942 1942 19^1 A S S E TS Gold certificates on hand and K due from U. S.Treasury 20,i*66,9l3 - 15,998 + 365,631* Redemption fund - F. R. notes 12,91*6 - 77 + 2,1*58 Other cash 322,01*9 - 21,659 - 1,831 Total reserves 20,301,908 - 37,734 + 366,261 Bills discounted! Secured by U. S. Gov't obligations, direct and guaranteed 7,521 + 2,153 + 6,909 Other bills discounted 1,529 + 538 + 1,100 Total bills discounted 9,050 + 2,7iil + 8,009 Industrial advances 5,7 hh + 137 + 921* U. S. Government securities, direct and guaranteed: bonds 1,551,736 — + 187,936 Notes 692,500 — - 127,800 Total J. S. Government securities, direct and guaranteed 2,21*1*, 236 — + 60,136 Total bills and securities 2,262,030 + 2,873 + 69,069 Due from foreign banks k7 — — F. R. notes of other banks 22,858 3,721 + 902 - Uncollected items 1,016,761 - 35,471 + 203,060 Bank premises 1*0,627 - 59 + 799 other assets 1+3,957 + 1,167 - 3,328 T OT A L A S S Z T S 21*, 138,188 - 72,9^0 + 636,763 L I A B I L I T I ES F. R. notes in actual circulation 8,655,870 +110,607 +2,496,643 Deposits: Member bank - reserve account 12,1*96,135 - 30,620 -1,009,689 U.S. Treasurer- General account 362,308 -110,189 - 682,563 Foreign 7li7,9U7 + 21,192 - 1*00,1*56 Other deposits 606,21*2 - 18,798 50,731* Total deposits ll*, 212,632 L38,l*15 -a, 01*1,921* Deferred availability items 939,867 - l*5»lui + 177,080 Other liabilities including accrued dividend's 1I,227 + 30 + 452 TOTAL LIABILITIES 23,312,596 - 72,919 + 632,251 C A P I T AL A C C O U N TS Capital paid in 11*3,328 + 45 + 3,519 Surplus (Section 7) 157,502 — + 1*37 Surplus (Section 13b) 26,731 — - 4 Other capital accounts 1*7,981 - 66 + 560 TOTiiL LIABILITIES .,ND CAPITAL ACCOUNTS 21*, 183,188 - 72,91*0 + 636,763 Ratio of total reserves to deposit and F. R. note liabilities combined 91. — - Commitments to make industrial advances ll*;Ql*3 - 321 + 6,733 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

*'orm F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 3, 1942 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St,Louis Linn. Xans.Cy. Dallas San Fran. Gold certificates on hand and due from u.s. Treasury 20,466,91? 1,155,509 8,196,234 1,170,530 1,565,048 789,802 538,323 3,469,597 603 ,876361,093 559,952 392,901 1,o13,988 Redemption fukd - F.R.notes 12,946 3,477 1,559 1,013 762' 1,853 481 l,l6l 405 281 566 432 956 other cash 322,049 27,549 £8,223 22,393 25,1^4 17,293 19,665 58,605 13,414 5,722 12,856 13,479 32,706 Total reserves 20,801,908 1,186/535 3,266„oi6 1,193,936 1,590,954 808,948 608,469 3,529,363622,695567,096 573,374 436,872 1,647,650 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 7,521 2,445 4,195 660 — — 145 50 — 1 1J — 15 Other bills discounted 1,529 150 1,200 -- 62 — — — — — 29 88 Total bills discounted 9,050 2,595 5,393 66J 62 — 1U5 L 39 88 15 Industrial advances 8,744 063 1,102 4,249 173 727 449 359 0/ 396 71 234 115 u. S. Government securities, direct and guaranteed; Bonds 1,551,736 117,510 408,915 122,568 157,537 96,467 68,154 193,871 76, J.52 48,094 67,225 61,352 133,891 Notes 692,500 52,442 182,489 54,7-jI 7^,5-4 43,^52 30,414 86,519 33,984 21,463 29,999 27,381 59,752 Total U. S. Gov't securities, direct and guaranteed 2 2/jij 2^6 169,952 591,4-4 177,269 227,841 139,519 98,568 280,390 110,136 69,557 97,224 33,733 193,643 • — ---' — Total bills and securities 2,262,030 173,210 597,9^1 182,178 223,076 140,246 99,162 23 J, 799 110,142 70,154 97,334 39,055 193,773 Lue from foreign banks 47 3 18 cj 4 1 2 2 6 L * L 1 4 F. ft, notes of other banks 22,858 498 2,370 1,377 1,792 2,8-8 2,769 2,308 2,415 733 1,580 775 3,433 Uncollected items 1,016,761 102,131 255,501 75,331 123,736 80,772 38,636 146,185 44,037 22,129 35,774 33,734 58,745 Bank premises 40,627 2,764 10,452 4,354 4,411 3,045 1,966 2,957 2,143 1,331 2,855 1,120 2,747 Other assets 43,957 3,080 11,631 3,458 4,070 2,969 1,330 5,075 1,961 1,335 1,342 1,663 4,130 T O T AL A S S E TS 24,188,188 1,460,229 9,143,369 1,461,119 1,953,343 1,033,790 752,836 3,966,693 733,394 462,828 712,760 533,275 1,910,532 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

>rm F* R, 283~c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 19^2 (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.Uy. Dallas Sex n Fran. , k. notes in actual circulation 8,655,870 685,727 2,223,571 609,635 818,992 1+52,51+2 3ll+,l+ll+ 1,797,81+3 3U,177 219,976 282,101+ 11+5,253 76!+, 636 jpos it s • iemb.r bank-reserve acct. 12,1+96,135 605,726 5,671,597 619,562 875,268 1+38,793 335,71+5 1,81+1,818 331+,1+15 170,180 31+0,569 303,612 958,850 j.S.Treasurer-General acct . 362,308 20,512 ioi+,61+5 3l+,l09 22,073 13,919 23,121 1+2,051 13,011+ 20,271+ 19,21+2 17,725 26,623 foreign 7U7,9l+7 23,082 299,1+05 71,020 68,061 32,551 25,893 90,255 22,19!+ 16,276 21,1+51+ 21,1+51+ 56,302 )ther deposits 606,21+2 13,276 1+96,763 8,o33 25,382 6,815 2,907 3,031 11,022 8,702 2,08 5 2,211+ 25,412 >tal deposits lli,212,632 662,596 6,572,1+10 733,321+ 990,781+ 1+92,078 387,666 1,977,155 335,61+5 215,1+32 383,350 31+5,005 1,067,187 ;ferred availability items 993399,,886677 93,701+ 217,765 83,365 108,859 77,236 36,765 11+2,557 i+1+,569 17,519 35,663 31,260 50,605 ;h',-r liabilities including accrued dividends 1+.227 1+61+ 936 268 i+05 710 210 1+60 108 138 156 155 217 JTAL LIABILITIES 25,812,596 1,1+1+2,1+91 9,011+,682 1,1+26,592 1,919,01+0 1,022,566 739,055 3,918,015 771,1+99 1+53,065 701,273 521,673 l, 882,61+5 C A P I T AL A C C 0 U ft T S -pital paid in 11+3,328 9,1+12 52,211 11,633 11+, 788 5,758 l+,9l+9 15,867 i+,1+65 3,01+3 l+,652 It,1+28 11,922 irnlus (Section 7) 157,502 10,91+9 56,651 15,171 11+,31+6 5,236 5,725 22,925 It, 966 3,152 3,613 3,976 10,792 irplus (Section 13b) 26,781 2,871+ 7,070 i+,393 1,007 3,21+1+ 713 1,1+29 >30 1,000 1,137 1,263 2,121 •hor capital accounts 1+7,981 2,503 13,275 3,130 l+,o62 1,986 2,391+ 8,1+57 1,931+ 2,568 2,085 1,935 3,052 'OTAL LIABILITIES AND CAPITAL ACCOUNTS 21+, 188,188 1,1+68,2299 ,11+3,889 1,1+61,119 1,953,81+3 1,033,790 752,836 3,966,693 783,391+ 1+62,828 712,760 533,275 1, 910,532 iias-dlia-uts to ;aake industrial dv -inc^s 11+, oi+3 576 I+25 1,981 1,023 1,1+07 1,580 2,053 1,1+23 1,500 — 2,070 MATURITY DISTRIBUTION OF BILLS i,ND SECURITIES Within 16 to Jl to 61 to 91 days to 6 months 1 Year to 2 Years to Over Total 15 days 30 days 60 days 90 days 6 months to 1 Year to 2 Years 5 Years 5 Yeurs lis discounted 9~7050~ 6,097 2,751 12 68 118 h dnstr i a1 advane o s 8,7UU 2,1+61 602 1+77 528 i,nl+ 1,518 1,133 911 S. Government securities, direct and guaranteed -,2^14,236 66,200 317,800 367,100 l,i|23,036 70,100 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. clfj-j-B. FEDERAL RESERVE NOTE STATELIEST ON APRIL 1, 1942 (In thousands of dollars) Total boston New York Phi la*. oleve« Rich. Atlanta Chicago St.Louis kmn, Ivans. Cy. Lallas San Fran. Federal Reserve notes: Issued to r.h.ijunK: by r'.R.Agent 9,061,1+80 704,025 2,519,563 631,411 358,343 439,641 332,877 1,350,612 357,259 225,201 290.675 159,313 342,560 jield by j^euerai reserve Bank 403,610 18,298 95,992 21,7/6 29,351 37,099 18,463 52,769 16,082 5,225 3,571 L4,0O0 /7,924 m actual circulation 8,655,870 685,727 2,223,571 609,635 818,902 ; 4 52,542 314,4i4 1,797,843 341,177 219,976 282,io4 145,253 784,656 Collateral held by agent as security for notes issued tu bank: Gold certificates on hand and due from u. S.Treasury 0,231,000 740,000.2,330,00. 6^0,000 865,000 525,000 240,000 1,380,000 370, OOU 227,000 295,000 165,000 854,000 eligible paper 3,535 2,UI5 5,395 660 -- - — — ~ ~ 35 — Total ccllateral 9,239,535 742,445 2,335,395 640,660 865,000 525,000 340,000 1,880,000 370,000 227,000 295,035 165,000 854,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis