H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. clfj-j-B. STATEMSKT FOR THE PRESS Released for publication Board of Governors Friday morning, April 10; of the Federal Reserve System not earlier. April 9, I9I4.2 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 3 member bank reserve balances increased $219,000,000. Additions to member bank reserves arose from decreases of $172,000,000 in Treasury deposits with Federal Reserve Banks, $10,000,000 in Treasury cash, and $1;,000,000 in nonmember deposits arid other Feaeral Reserve accounts, and increases of $1+5,000,000 in Reserve Bank credit, $5,000,000 in gold stock, and $2,000,000 in Treasury currency, offset in part by an increase of $17,000,000 in money in circulation. Excess reserves of member banks on April 0 were estimated to be approximately $3,170,000,000, an increase of $170,000,000 for the week. The principal change in holdings of bills and securities was a decrease of $1,000,000 in United States Government bonds. Changes in member bank reserve balances and related items during the week and the year ended April 191+2, were as follows- Increase or decrease s inc 0 April 8, April 1, April 9, W 19U2 19U (In millions of dollars) Bills discounted 7 - 2 +2 U. S. Government direct obligations 2,239 1 + 60 U. S. Government guaranteed obligations j+ -- 1 Industrial advances (not including li+ million commitments - April 8) 10 +1 +3 Othor K',servo Bank credit 121+ +1+7 + 85 Total Reserve Bank cre^Mt 2,50)4 + It 5 +11+9 Gold stock 22,675 + 3 + 262 Treasury currency/" 3,279 +2 + loo Member bank reserve balances 12,715 +219 - 91+1 Lioney in circula*cion 11,610 + 17 +2,617 Treasury cash 2,177 - 10 - 95 Treasury deposits with p. It. Banks I9O -172 - 623 Nonmomber deposits and other F. R. accounts 1,61+5 - !i - 3^3 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Firm F. R. 283~a Released for publication Friday morning, April 10,191*2 5 not earlier. * STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since April 8, April 1, April 9, I9l,2 191*2 191*1 A S S E TS Gold certificates on hand and due from U. S. Treasury 20,1*73,911 6,998 , 362,630 Redemption fund - F. R. notes ' 114,013 1,072 + 3,530 Other cash 527,908 5,859 + 12,391 Tutal reserves 20,815,837 + 13,929 373,551 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 5,|i06 - 2,115 + 819 Other bills discounted 1,1*1*2 - 37 1,063 Total bills discounted 6,81*3 - 2,202 * 1,832 Ind us t r i al ad van c e s 9,636 892 •f 2,21*0 U. S. Government securities, direct and guaranteed: Bonds 1,550,736 - 1,000 186,936 Motes 692,500 — - 127,800 Total U. S. Govern ent securities, direct and guaranteed 2,21*3,236 - 1,000 59,136 Total bills and securities 2,259,720 . - 2,310 63,258 Due from foreign banks 1*7 — F.R. notes of other banks 25,807 2,91*9 5,213 Uncollected items 99l*,l*59 - 22,302 + 21*9,7148 Bank premises 1*0,635 + 8 & 672 Other assets 1*14,611 * 6514 - 3,715 T O T AL A SS 0 T S 21*,181,116 - 7,072 693,727 L I A B I L I T I ES F. R. notes in actual circulation 8,6711,317 18,1*1*7 +2 »hl7$39h Deposits• member bank - reserve account 1^,715,41*6 +219,311 - 91*0,089 U. S. Treasurer - General account 190,1*78 -171,330 622,188 Fore ign 722,650 - 25,297 - 51*3,103 other deposits 627,760 21,518 + 152,93li Total deposits 1U,256,33U 1*3,702 -1,952,396 Deferred availability items 870,501 - 69,366 + 161*,726 Other liabilities including accrued dividends 14,317 90 - 1*35 TOTAL LIABILITIES 23,805,11.69 - 7,127 689,289 C A P I T AL A C C 0 U N T S Capital paid in 1143,339 61 + 3,5114 Surplus (Section 7) 157,502 — 1*37 Surplus (Section 13b) 26,781 -- - 1* Other capital accounts 1*7,975 - 0/ 1*91 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 21*,181,116 - 7,072 + 693,727 Ratio of total reserves to deposit and F. R. note liabilities combined 90.3% - .2% - .14% Commitments to make industrial advances 13,522 521 5,076 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 28 3 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL B 19^2 s (In thousands of dollars) S S T S Total Boston New York Phila. Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San 1 ran. Gold certificates on hand and due from U.S. Treasury 20,473,9H 1,190,2*07 8,111,676 1,181,725 1,573,573 805,632 584,259 3,472,299 629,471 360,225 555,1406 386,890 1,622,298 . Redemption fund -F.R.notes 14,018 3,U39 1,373 963 715 1,506 455 1,096 393 275 354- 1,24 2,825 7/cher cash 327,908 28,5^6 72,688 22,313 29,273 15,449 18,437 53,965 17,550 5,756 12,679 13,673 32,579 Total reserves 20,815,837 1 ,222,392 3,185,737 1,205,001 1 , 603,561 822,637 603,151 3,532,360 647,414 366,256 563,639 400,937 1,657 ,702 Bills discounted* Secured by U. S. Gov1t obligations, direct and guaranteed 5,40o 255 4,285 630 — — 145 50 1 10 — 30 Other bills discounted 1,442 -- 1,250 — 51 — -- — — 53 88 Total bills discounted 6,848 255 5,535 630 51 — 145 50 1 63 88 30 industrial advances 9,636 761 1,102 5,079 177 726 .,49 352 6 574 70 230 110 J. S. Government securities, direct and guaranteed: Bonds 1,550,736 117,442. 408,582 122,488 157,434 96,42c 68,116 193,755 76,115 48,069 67,139 61,319 133 ,307 Notes 692,500 52,445 182,457 54,698 7C,305 43,058 30,418 36,524 33,990 21,467 30,002 27,333 59 ,753 Total U.S. Gpv't securities, direct and guaranteed 2,243,^36 169,337 591,039 177,186 227,739 139,473 98,534 280,279 110,105 69,536 97,191 38,702 193 ,56o Total bills and seeurities 2,259,720 170,903 597,676 182,895 227,967 140,204 99,128 230,681 110,111 70,111 97,32a 89,020 193,700 Due from foreign banks 47 3 18 54 22 6 1 * 11 1+ f. k. notes of "other banks 25,807 673 3,174 1,796 2,039 3,101 3,394 3,120 2,602 667 1,914 700 2,627 Uncollected items 994,459 88,550 227,220 73,373 109,273 34,746 44,8 17 1 53,071 44,663 23,297 41,419 33,733 65,287 Bank premises 40,635 2,764 10,452 4,834 4,4n 3,052 1,968 2,957 2,i44 1,331 2,855 1,120 2,747 otner assets 44,611 3,140 11,600 3,506 4,974 2,988 1,844 5,io5 1,981 1,410 1,872 1,722 4,269 T AL A S S E TS 24,181,116 1,488,42 5 9,036,077 1,471,410 1,952,234 1,056,730 754,304 3,982,300 808,916 463,072 71u,024 527,233 1,926,336 *Leas 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 F.DrML RESERVE BANKS ON APRIL 8, 1942 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Gleve. Rich. Atlanta Chicago St.Louis liinn. K&ns.Cy. Dallas San Fran. F. R. notes in actual circulation 8 ,674,317 689,582 2,221,321 610,947 322,570 454,516 316,287 1 ,302,107 341,291 220,734 202,433 114455,,554422 763,987 Deposits• Member bank-reserve acct.12,715,446 625,371 5,606,116 672,300 096,341 463,057 340,905 1,907,419 363,647 172,151 351,779 308,559 999977,,660011 U.S.Treasurer-General acct. 190,478 27,673 36,302 9,110 4,274 4,973 7,103 1,412 17,636 16,316 5,510 9,634 405 For eign 722,650 24,537 232,997 69,302 66,41^ 31,763 25,266 03,071 21,657 15,032 20,935 20,935 54,091 other deposits 627,760 12,290 513,047 6,914 25,736 5,306 3,399 2,760 8,901 3,506 6,428 2,015 24,796 Total deposits 14.256.334 639,071 6,493,462 759,626 994,767 505,679 304,753 1 ,999,6.62 412,041 212,935 304,652 341,193 1,077,693 Deferred availability items 870,501 32,773 190,913 65,990 99,665 79,914 39,250 151,314 43,553 19,430 35,314 30,773 51,531 ether liabilities including accrued dividends 4,317 456 I , H7 316 436 370 220 546 130 153 140 173 244 TOTAL LIABILITIES 23,305,469 1,462,607 8,906,013 1,436,079 1,917,436 1 ,040,479 740,526 3 ,933,'629 797,023 453,310 702,539 515,606 1,093,455 C A P I T AL A c 0 0 U; Kr T S Capital paid in 143,339 9,412 52,256 11,333 14,700 5,760 4,949 15,071 4,465 3,043 4,652 4,423 11,924 burpluc (section 7) 157,502 10,949 56,651 15,171 14,346 5,236 5,725 22,925 4,966 3,152 3,613 3,976 10,792 burplus (SectionI13b) 26,701 2,874 7,070 4,393 1,007 3,244 713 1,429 530 1,000 1,137 1,263 2,121 Other capital accounts 47,975 2,503 13,202 3,134 4,655 2,003 2,391 8,446 1,932 2,567 2,033 1,935 3,044 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24 ,101,116 I, ,430,425 9,036,077 1,471,410 1,952,234 1 ,056,730 754,304 3 ,932,300 006,916 463,072 714,024 527,200 1,926,356 Commitments to make industriia l advances 13,522 476 423 1,192 1,037 1,406 L,56O 2,058 1,773 — 1,500 — 2,047 MATORI TY DISTKJBTjT 1 ON OF KI LLS AND b EC Uit I TIES 7«ithin 16 to 31 to 61 to 91 days to 6 months 1 1' ear 2 Years to over Total 15 days 30 days 60 days 90 days 6 months tc 1 Year to 21 Years 5 Years Years bills discounted 6,846 3,697 2,354 59 83 151 4 — Industrial advances -r\ 9,636 3,5^6 445 359 107 1,045 1,512 1,126 -- 0. S. Government sec urities, direct and guaranteed 2,243,256 — — - — 66,200 70,100 317,000 367,10C ) 1,422,036 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d FEDERAL RESERVE NOTE ST^TEFIEKT ON APklL 8, 1942 (In thousands of dollars) Total Boston NeVv York Phila. Cleve Rich* Atlanta Chicago St.Louis Minn. Kans.Cy. Lallas San Fran. # Federal Reserve notes* issued to P.R,Bank by F.r. Agent 9,107,904 712,264 2,331,631 635,341 859,68.3 493,518 336,558 1,857,301 350,117 225,725 293,260 160,109 843,397 tiold oy Federal Reserve Bank 433,587 22,682 110,310 2^,394 37,H3 39,002 20,271 55,194 17,826 4,991 10,827 16,567 74,410 In actual circulation 8,674,317 689,582 2,221,321 610,947 822,570 454,516 316,287 1,802,107 341,291 220,734 282,433 143,542 763,987 Joil^teral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 9,242,000 740,000 2,340,000 640,000 865,000 525,000 340,000 1,880,000 370,000 227,000 295,000 166,000 854,000 eligible paper 6,479 255 5,535 630 — — — -- ~ — 59 .Total collateral Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis