H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F R 2d3 t f STATEMENT FOR THE PRESS Released for publication Board of Governors Friday .mor*-'in^, April 2l+: of the Federal Reserve System not earlier April 23 19^2 CONDITION OF IH& FEDERAL RESERVE BANKS During the >veek ended April 22 member bank reserve balances decreased $32,000,000, ReductOonr ir member bank reserves arose from increases of $i8jOC^,00u in mor~y in circuJac-ron, $23,000,000 in Treasury cash, and $i//0 0 , OV in norineL,ber d^poeit,, ai.d other Federal Reserve accounts, and a docr-M.e 0'l,0o0.00" in R e otnk credit, offset in pa^t h^ increases of $8,000,000 in golo stock ' ud ^',000,000 in Treasury currency., ard a decrease of 0^8,000 COO in Treasury eer osi bs .vith Federal rO.sorv,. Banks. Excess ; reserves of m^ber benks on ^pril wore estimated to be approximately vS2,750,000,00o, a decrease of $lJ«0,000,000 for the week. The principal change in holuings of bills and securities was ax. increase of $1*2,000,000 in United States Government securities, bonds increased ,$3,000,000 and bills $39,000,000. Changes in member bank reserve balances and related items during the week ana the ^year ended April 22, 191*2, were as follows: Increase or decrease since April 22, April 15, April 23, 19U2 191*2 191*1 (In millions of dollars) Bills discounted ' h -5 +2 U* S« Government direct obligations 2,292 + 1*2 + 113 U. S. Government guaranteed obligations 1* 1 Industrial advances (not including 12 million commitments--April 22) 10 —• + 3 Other Reserve Bank credit 90 - 52 + i*I* Total Reserve Bank credit 2,1*00 -15 + l6l Gold stock 22,686 +8 + 20l* Treasury currency 3,281* + 1* + 166 Member bank reserve balances 12,1*70 - 32 -1,036 Money in circulation 11,61*2 + 18 +2,650 Treasury cash 2 l89 +23 - 110 # Treasury deposits with F.R.Banks 2l*3 - 58 - 70l* Nonmember deposits and other F. R# accounts 1,827 + hi - 2?0 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. clfj-j-B. Released for publication Friday morning, April 21+, 19U^5 n^t earlier. STX.TELEKT OF CONDITION OF THE TWELVE FEDERAL RESERVE M KS 3 0K51NED Increase or decrease since April 22, April 15, April 23, 1942 1942 19U1 A S S E T S Gold certificates on hand and due from IT. S. Treasury 20,478,413 -15,996 + 318,681+ Redemption fund - F. R. notes 15,561 + 2,372 + 5,05b Other cash 331,655 - 1,066 - 2,51+3 Total reserves 20,825,629 -14,690 321,195 Bills discounted: Secured by U. 3. GovTt obligations, direct and guaranteed 3,597 - 5,332 1,980 Othor bills discounted 2 9b 39 - 306 Total bills discounted 3,391 - 5,371 1,671* Industrial advances 9,731 + 180 2,2b0 U. S. Government securities, direct and guaranteed: £)o nds 1,554,606• + 3,100 190,806 Notes 692,500 — - 127,300 Bills 48,418 +33,643 + 1+8,1+18 Total U. S. Government securities, direct and guaranteed 2,295,524 +4l ,743 111 ,1+21+ Total bills and securities 2,309,146 +36,552 + 115,338 ... Due from foreign banks 47 F. R. notes of other banks 28,081 + 608 1+.898 Uncollected items 1,087,376 -268,106 + 238,035 Bank premises 40,628 10 + 651 Other assets 411,307 + 307 - 3,228 T O T AL A S S E TS 24,335,214 -245,419 + 676,339 L I A B I L I T I ES F. R. notes in actual circulation 3,714,3^6 + 15,101 +2 ,496,419 Deposits: Ivlember bank - reserve account 12,469,577 - 32,395 1,036,11+6 U.S. Treasurer - General account 242,777 - 53,175 - 70l+,021 Foreign 915,500 - 10,759 - 356,879 Other deposits 615,582 + 57,096 + 79,952 Total deposits 14,245,436 - hh,233 2,017,091+ Deferred availability items 996,974 -216,717 + 193,2lU Other liabilities including accrued dividends 4,823 * 371 252 TOTAL LIABILITIES 23,959,619 -245,478 + 672,791 C A P I T AL A C C O U N TS Capital paid in 143,339 3 + 3,332 burplus (Section 7) 157,502 — + 107 Surplus (Section 13b) 26,781 — - 1+ Other capital accounts 47,923 + 62 + 333 TOTAL LIABILIIIES AND CAPITAL ACCOUNTS 24,335,214 -245,419 676,889 Ratio of total reserves to deposit and F. R, note liabilities combined 90.1% — - .5* Commitments to make industrial advances 11,982 - 1,699 + 3,521 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. clfj-j-B. ST i. TEiSffT OF CONDITION OF TIB FEDER.-L RESERVE B^I-JKS ON APRIL 22, 1942 (In thousands of dollars) - S 3 ^ ^ S Total Boston Few fork Phila. Cleve. Rich. Atlanta Chicago St.Louis tuinn. Kans.Cy. Dallas San Fran. Gold certificates on hand ana due irom U. S. Treasury 20,478,413 1,157#762 8,008,215 1,203,161 1,604,729 798,603 572,276 3,600,802 618,715 359,020 559,764 382,310 1,613,056 Redemption fund - jbMunotes 15,561 3,34-7 9hl 830 606 1,683 392 967 369 2C2 523 406 5,230 ooher casr. 331,^55 26,931 73,817 21,33k 29,833 16,388 19,629 59,042 16,806 6,156 13,003 13,103 35,113 lo-cal reserves 20,825,629 1,183,o4o 8,032,973 1,225,325 1,635,168 316,674 592,297 3,660,811 635,390 365,438 573,295 395,819 1,653,399 Bills discounted* secured by U. S. Gov*t obligations, direct and guaranteed 3,597 170 2,641 560 100 20 — 51 15 — 40 uthsr bills discounted 294 —— 13 — 67 -- — — -- 27 132 — Total bills discounted 3,891 170 2,659 560 167 20 — 51 42 132 40 Industrial advances 9,731 002 1,100 5,079 176 721 513 325 613 69 223 105 U* S. Government securities direct ana guaranteed: Bonds 1,55U,606 117,373 413,133 122,926 157,334 95,332 67,950 153,729 75,667 47,843 66,967 61,165 134,032 llotos 692,500 52,2o5 134,053 5k,159 70,330 42,710 30,269 86,297 3^,706 21,311 29,830 27,245 59,705 Bills 48,418 3,656 12,369 3,323 4,917 2,986 2,116 6,034 2,357 l ,490 2,036 1,905 4,174 Total U. S* Gov't securities, direct and guaranteed 2,295,5214. 173,319 610,105 181,513 233,151 141,573 100,335 2O6,0O0 111,750 70,644 98,833 90,315 197,911 Total bills and s e cur i ties 2,309 , llj.6 174,291 613,864 187,152 233,474 142,299 100,373- 236,3u5 111,730 71,303 93,954 50,720 198,056 Due from foreign banks Ij7 3 18 5 4 2 2 6 1 * 1 1 4 F.K. notes of other banks 23,081* 631 2,635 1,273 2,098 4,459 3,741 3,753 2,071 669 2,032 562 3,857 Uncollected iCorns 1,087,376 ill ,514.3 258,304 74,407 150,450 86,262 46,343 160,215 46,802 22,550 43,275 33,466 63,759 Bamc premises 4.0,628 2,764 10,1+52 4,834 4,4oi 3,055 1,968 2,957 2,144 1,331 2,855 1,120 2,747 Other assets 44,3G7 3,124 11,754- 3,472 4,984 2,379 1,815 5,128 1,397 1,354 1,333 1,763 4,301 i 0 T a L a s s e ts 24,335,214 1,480,596 8,980,050 1,496,968 2,010,579 1,055,630 747,037 4,119,255 800,535 462,650 722,340 528,451 1,931,123 •LESS •chan $500 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

iVorm F. R. 233-c Sr^T-SuEFT 0/ COlJLiTIOi: 01' riiB FEDERAL 1J^2RY3 BAi'XS 01C APRIL 22, 19^2 (In thousands of dollars) L l A o I L I fl Total Boston iwi/v run: Phil;.. Cle-ve. Rich. Atlanta whicu 3 bt.Louis ..ana. Rans.Cy. L .lias oai. Frar„ b t x1. R. notes in actual circulation 8,714,386 o97,dy9 2,225,21+8 614,998 829,787 45^,301 316,837 1,817,580 341,546 221,311 282,230 143,432 763,1+17 L^pOoits: .^mbor b-ai^-rvaservo acct.12,469 ,577 596,515 5,558,1+17 677,845 914,520 452,689 335,316 1,980,653 362,333 172,950 352,629 292,967 972,73S I'.o. Treasurer-General acct. 21+2,777 15,91+8 61,1(18 19,413 13,433 8,939 12,043 33,757 11,123 15,127 11,765 15,259 2li ,502 915,500 24,083 1+85,594 63,073 65,242 31,203 24,320 36,516 21,274 15,601 20,565 20,565 53,959 utile x deposits 615,582 11,676 506,028 8,005 26,6.95 8,600 3,616 3,1+35 >,312 3,231 3,22+1+ 2,267 24,425l'at.,1 deposits ll+,2I+3,436 611.3,222 6,409,457 773,341 1,019,938 501,431 375,795 2,104,361 4o4,c47 211,959 388,203 331,058 1,075,624 i^feri ed availability items 996,974 103,131 214,357 73,749 125,600 82,226 40,386 140,247 42,910 19,451 40,294 42,151 53,972 ocner liabilities including accrued dividends 4,823 597 1,250 362 1:70 391 21+6 593 146 163 l!+5 212 243 ./•ku liabilities 23,959,619 1,454,31+9 3,350,312 l,462,450 1,975,7*5 1,039,349 733,264 4,070,531 733,61+9 1+52,o<3> 710,872 516,853 1,903,256 C A P I T AL A C C O U N TS 0Jital paid ill ll+3,3o9 9,413 52,241 11,812 111.,737 •j,73o 4,949 ,Ou0 4 1 , » 4 69 9,043 4,661 4,423 11,926 ourplus (section 7) 157,502 10,949 56,651 15,171 14,346 5,236 5,725 22,925 4,966 3,152 3,-13 3,976 10,792 surplus (Section 13b) 26,781 2,374 7,070 4,393 1,007 3,21(4- 713 1,429 530 1,000 1,137 1,253 2,121 ucn.r capital accounts 47,923 2,511 13,276 3,142 4,644 2,021 2,580 3,1+40 1,921 2,560 2,097 1,931 3,023 lVIAL LlaiiiLITI^S ki D CaPii^ &cc^Di;rs 24,335,214 1,480,596 3,930,050 1,496,960 2,010,579 1,055,630 747,037 4,119,255 800,535 462,650 722,34c 523,451 1,931,123 its to ix'„.iv- industrial -dvances 11,982 421 1+13 1,151 11,0,03377 11,5,50011 11,5,55555 2,20,30344 1,095 97 2,028 •^Ti'km D/STRi.^uT.-Oi" Of iilLLS SECURITIES «ithin 16 to 31 to 61 to 91 days to 6 IT Jr.ths 1 Y'-ar 2 Years to uvsr Total 15 days 30 days 60 days 90 days 6 months to 1 /Sar to 2 Years _5_Yeard_ 5 Y^ais ^ills discounted 3,891 3,395 57~ 3c~ 274 83 2 lnau stria! udv-.no e s 9,731 3,661+ 405 394 255 1,024 1,498 1,110 331 S.C-ov^rnjv^nt securities, air^ct and . Uai„nt^ed 2,295,524 7,032 9,775 11,503 86,303 317,800 367,100 1,425,906 70,100 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283-d FEDERAL RESERVE MOTE STATEMENT ON APRIL 22, 19^2 (In thousands of dollars) Total boston N«w York Phila. Clove*. Rich, ^tlanta Chicago St.Louis jviinn. Kans.Cy. Dallas S-n Fran. federal Reserve notes * Issued to F. R.Bank by F.R.^gent 9,167,483 719,350 2,347,560 635,917 868,865 500,885 340,922 1,672,549 357,683 226,719 292,306 159,197 845,030 Held by Federal Reserve BarJc 453,097 21 ,£51 122,312 20,919 39,078 45,584 24,085 55,169 16,157 5,408 10,076 15,765 76,613 In actual circulation 8,714,386 697,099 2,225,248 614,998 329,787 455,301 316,837 1,317,330 341,546 221,311 282,230 145,432 763,417 Collateral held by agent as security for notes issued to bank* Gold certificates on hand and due from U. S. Treasury ^ 9,317,000 740,000 2,360,000 640,000 370,000 525,000 350,000 1,900,000 370,000 227,000 295,000 166,000 874,000 Eligible papur 3,308 ~ 2,656 560 — — -- — — 50 42 Total collateral Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis