H.4.1 Factors Affecting Reserve Balances of Depository Institutions

form F.R. 2.-3? STATEMENT FOR THE PAESS Released for publication Bo^rd of Governors Friday moxrung, April 1 J; of the Federal Reserve System not earlier. April 16, I9u2 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 15 member bame reserve balances decreased $213,000,000, Reductions in member bamc reserves arose from increases of $1^,000,000 in money in circulation, $111,000,000 in Treasury deposits with Federal Reserve Banks, and $135*300,000 in nonmember deposits arid other Federal Reserve accounts, offset in part by increases of $31,00J,000 in Reserve Bcoak credit and 33,000,000 in gold stock, and a decrease of $11,000,000 in Treasury cash. Excess reserves of member banks on April 15 were estimated to be approximately $2,890,000,000, a decrease of $230,000,000 for the week. •I'he principal chan e in holdings of bills and securities v/as the addition of $10,.o0,00C of United States Treasury bills to holdings of United States Government securities. Changes in member bank ic<serve balances and related items during the week and the year enaed April 15, l9i|2, were as follows* increase or decrease s inc e Apux 15, April 8, April 16, 19U2 1942 I9lil (In millions of dollars) Bills discounted 9 + 2 U. S. Government direct obligations 2,250 • 11 + 71 U. S-. Government gu^rant^ed obligations k 1 Industrial advances (not including ll> million commitments - April 15) 10 Other Reserve cunk credit lij.2 + 10 49 Total Reserve Ban.c credit 2,415 31 + 129 Gold stock 22,673 •7 + 257 1 Treasury currency 3,230 + 161* iinembtfr bunk reserve bulunces 12,502 -213 -1,477 Mon^y in circulation 11,621* + 14 +2,635 Treasury cash 2,166 - 11 - 103 Treasury deposits with F.K. Banks 501 +111 - 233 I onm<smber deposits ~nd oth^r F. R. accounts 1,733 +135 - 272 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ronr. K, 2u3--* Roloasod for publication Friday morning, April 17, 191*2} not aarlit,r, STATS&JC'T OF CONDITION OF THE 'F.ELVL FuDShAL fiSSEhVE. BANKS COMBINED (In thousands of dollars) Increase or doerousv. since Aoril 15, April M, April 16, 19^2 19^ I9hl Gola certificates on hand and due from U, S. Treasury 20,l;9i|^09 4-20,1498 4 369,673 Redemption fund - F, R. notes 13,109 - 829 4- .2,632 Other cash 332,721 4 U,313 + 6,73U Total reserves - 20,5i|0,3l9 + 2U,14-32 + .379,094 Bills discounted* Secured by U. S. (-ov*t obligations, direct and guaranteed 3,929 + 3,523 4- 3,193 Other bills discountod 333 - 1,109 • lh9 Total bills discounted 9*262 4- 2,l4ll4 4 Industrial advances 9*551 - 35 4- 2,081 b. b. Government securities, direct and guaranteed: Bonds 1*551,506 4- 770 4 187,706 Kotes 692,500 — - 127,C<oo Bills 9*775 + 9,775 9,775 Total U Government securities, f direct and guaranteed 2*253,701 4-10,51^5 4 69,681 Total bills and securities 2,272,59!+ + 12,074 4 79,006 bue from foreign banks kl r, R. notes of other oanks 27,U73 4- 1,666 4- 3,575 Uncollected items 1,355*562 4361,103 + 251,1714 BaiiK premises U0,633 + 3 + 672 Other assets iiU,000 - 611 - 2,775 I i T a L A 3 S T S 2ii*530*633 +399,517 4- 711,5146 L I A B I L I T I ES F # R. notes in actual circulation 3*c99,285 4 214,963 ^2,1^93,013 Deposits j kamber bank - reserve account 12,501*972 -213.U7U -1,177,153 U.S. Treasurer - General account 300,952 +lio,U7l4. 232,763' rorei^n 926,259 +203,609 - 317,0140 Other deposits 553,1*36 - 69,271; + 38,359 -total deposits 14,237,669 • 31,335 -1,98-3,602 Leferrod availability items 1,213,091 +3U3,190 + 202,615 Otner liabilities including accrued dividends 4,^52 + 135 + 336 Tu±AL LIABILITIES 21;,205*097 +399,623 + 707,3^ C A P I T AL A C C o u :; T S Capital paid in 11*3,392 + 3 + 3,332 surplus (section 7) 157,502 + u37 Surplus (motion ljb) S6,7G1 - I4 Oth^i capital accounts 147,861 - Ilk + 369 TCTAL LIABILITIES aVD CAPITAL ACCOUNTS 21I*530,633 +399,517 •f 711,5146 hatio of total reserves to deposit ana R« R* note/ liabilities combined 90.7/c - .1% - Commitments tt make industrial advances 13*^61 + 159 5,173 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

form F. K. 2Q3-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 15, 19^2 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve, Rich. Atlanta Chicago St.Louis Hinn* Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 20,l*9l*,l*09 1,163,167 8,028,11*8 1,211;, 137 1,595,680 818,175 581*,133 3,528,1+66 623,982 355,190 558,1*11* 395/006 1,629,011 Redemption fund - F.R.notes 13,189 3,399 1,189 906 666 1,11*0 1*29 1,01*3 386 269 514* I4-I7 2,801 Other cash 332,721 28,010 70,1*1*3 22,535 27,1*68 18,257 21,101; 59,1^1 17,939 6,398 12,913 13,799 3^,381* Total reserves 2o,8l*0,319 1,19*^576 3,099*780 1,237,1*28 1,623,811* 837,552 605,666 5,583 , 650 61*2,307 361,857 571,871 1*10,122 1,666,696 Bills discounted: becured by 0. b. Gov*t obligations, direct ana guaranteed 8,929 150 7,883 570 -- 200 95 — — 1 15 — 15 Other bills discounted 333 — 100 — 59 — . — — — — 27 11*7 Total bills discounted 9,262 150 7,983 570 59 200 95 ~ -- 1 1*2 ll*7 15 Industrial advances 9,551 756 1,102 i*,900 176 721* 1*95 3U1 " 61*6 70 231 110 If. S. Government securities, direct and guaranteed Bonds 1,551,506 117,1*28 1*09,519 122,575 157,525 96,308 68,081 193.71*8 76,022 1*8,022 67,11*1 61,286 133,851 692,500 52,1*11 182,785 51*, 712 70,309 1*2,987 30,387 86,1*76 33,932 21,1*31* 29,969 27,355 59,71*3 a11*8 9,775 7U0 2,580 77*2 992 607 1*29 1,221 1*79 303 1*23 386 81*3 Total U» a. Govft securities, direct and guaranteed 27253,731 170,579 59*4*881* 178,059 228,826 139,902 98,897 281,i*l*5 110,1*33 69,759 97,533 89,027 19*1,437 Total bills and securitielT 2,272,591* 171,1+85 603,969 183,529 229,061 11+0,826 99,1+87 281,786 110,1+33 70,1+06 97,61+5 89,1+05 19!+,562 vue from foreign banks 1*7 3 18 5 1+ 2 2 6 l * 1 1 k F. R. nocos of other uanks 27,1*73 762 1,1+36 1,1+1+1 2,328 3,61+3 l+,680 3,737 2,972 81+5 1,701 61+2 3,286 uncollected items 1,355,562 135,21+3 318,290 95,675 169,919 l2l+,780 56,1+83 218,869 55,877 25,968 1+1+, 703 i+0,551 69,201+ Bank premises ,638 2,761+ 10,1+52 l+,83l+ l+,i+ll 3,055 1,968 2,957 2,1 1+1+ 1,331 2,355 1,120 2,71+7 other cossets 1*1*,000 3,061 11,735 3,391 l+,892 2,873 1,853 5,031+ 1,907 1,381 1,827 1,792 1+,251+ T O T AL A S S E TS 21*, 580*633 1,507,891* 9,01*5,680 1,526,303 2,031*,429 1,112,731 770,139 14,101,039 815,61*1 1*61,788 720,603 5U3,633 1,9^0,753 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d STaT£^ENT OF C EDITION OF THE FEDERAL R ^RVE BANKS ON APRIL 15, 1942 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Oleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. i1. h. notes in actual circulation 8,^9,295 692,411 2,230,011 612,198 825,483 456,727 316,179 1,810,737 341,588 220,494 231,803 142,441 769,213 Deposits• riember baruc-reserve acct.1 2,501,972 595>775 3,451,569 677,651 885,875 u57,56l 347,682 1,918,390 357,841 1.68,927 543,/89 307,934 983,978 L;.S.Treasurer-General t*cct. 300,952 40,318 13,371 35,280 44,095 21,863 14,582 36,603 18,594 16,4^2 13,268 19,752 21,234 1 oreign 926,259 24,670 436,249 69,535 66,446 31,773 25,273 38,113 21, 667 15,389 20,945 20,935 54,954 ctner deposits 558,486 10,521 457,565 8,082 21,589 7,085 3,896 2,639 9,903 3,002 3,064 2,064 24,076 Total deposits 14,287,6(59 671,284 6,414,254 790,348 1,013,005 ""513^287" 391,"43S-2,~045/745 403,005 209,310 336,066 350 768 5"1 ,034,242 Deferred availability items 1,213,691 118,0:0 270,350 88,930 155,722 121,095 48,531 195,357 54,051 22,088 41,143 33,724 59,192 Other li^bili-cies includin •g accrued dividends 4,452 465 1,305 319 432 356 213 531 117 147 146 133 233 X.'TAL LIABILITIES 24,205,097 I,4c2,i6c 8,916,420 1,491,303 1,999,642 1,096,465 756,366 4,052,370 303", 761 452,"039 709,153" 532,033 1,912,630 0 A PI T A L C C 0 U N T S Capital paid in 143,392 9,413 52,264 11,315 14,7'''3 5,771 h,9U9 15,373 4,465 3,043 4,659 4,423 11,924 surplus (section 7) 157,502 10,949 56,651 15,171 14,346 5,236 5,725 22,925 u.,9o6 3,152 5,613 3,976 10,792 surplus (section 13b) 26,731 2,874 7,070 4,393 1,007 3,244 713 1,429 530 1,000 1,137 1,263 2,121 Oth^r capital accounts 47,661 2,498 13,275 3,121 4,646 2,015 2,356 3,442 1,919 2,554 2,036 1,933 3,036 TOTaL LIABILITIES AND CAPIT.IL aCCOUI-TS 24,5.30,633 1,507,894 9,045,680 1,526,303 2,034,429 1,112,731 770,139 4,101,039 315,641 461,728 720,603 543,633 1,940,753 Commitments to make industrial advances 13,621 473 416 1,392 1,037 1,405 1,560 2,C34 1,773 — 1,500 2,041 LATURITY DISTRIBUTION CF BILLS ..I'D SECURITIES within 16 to 31 to 61 to 91 d^.ys to 6 months 1 Year to 2 Y^ars to Over Total 15 days 30 days oO days 90 days o m_o_n ths to 1 Year to 2 Years 5 Years 5 Years Bills discounted 9,262 3,733 123 55 204 Industrial advances 9,551 3,474 443 668 185 1,065 884 1,506 1,126 U. 3. Government socuritivs, diiect and guaranteed 2,255,731 9,775 66,200 70,lu0 317,300 367,100 1,422,606 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d FEi^bAL RESERVE NOTE STATEMENT OK APRIL 15, 1942 (In thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis I linn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.Bank by F.R.Agent 9,132,529 710,502 2,340,943 633,488 862,562 498,543 337,342 1,364,192 >58,223 225,645 291,720 159,427 849,862 Held by Federal Reserve Bank 433,244 13,171 110,932 21,290 37,079 41,816 21,163 53,455 16,635 5,151 9,917 16,986 80,649 In actual circulation 8,699,285 692,411 2,230,011 612,198 825,483 456,727 316,179 1,810,737 341,588 220,494 281,803 142,441 769,213 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U.S. Treasury 9,302,000 740,000 2,350,000 640,000 865,000 525,000 350,000 1,900,000 370,000 227,000 295,000 166,000 374,000 Eligible paper 8,945 150 7,983 570 — 200 ~ -- — — 42 Total collateral Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis