H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, August 23; of the Federal Reserve System not earlier• August 27, 191+2 CONDITION OF THE FEDERAL RESERVE BANKS During the iveek ended August 2o member bank reserve balances decreased $127*000,000* Reductions in member bank reserves arose from increases of $1011000,000 in money in circulation anu $13,000,000 in Treasury cash and a decrease of $90,000,000 in Reserve Bank credit, offset in part by increases of $3,000,000 in gold stock and $1$.,000,000 in Treasury currency, and decreases of $614.,000,000 in Treasury deposits with Federal Reserve Banks and $7,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on August 26 were estimated to be approximately $2,3ii-0,000,000, an increase-of $21+0*000,000 for .the week. The principal change in holdings of bills and securities was a decrease of $59*000,000 in United States Government securities. Bonds increased $3,000,000 and bills decreased $63,000,000. Changes in, member bank reserve balances and related itemc during the xveek and the year ended August 26, 1942, wore as follows: Increase or decrease since Aug. 26, Aue;. 19* Aug. 27, I9h2 19U2 I9kl (in millions of dollars) Bills discounted 5 + 1 5 U. S. Government direct obligations 3,334 - 59 +1,205 U. £>. Government guaranteed obligations 5 — Industrial advances (not'including 1? million commitments—August 26) 14 — + 4 Other Reserve.Bank credit 117 - 32 * 4o Total Reserve Bank credit 3,525 - 90 +1,244 Gold stock 22,747 + 3 + 31 Treasury currency 3,337 + 4 + 159 Member bank reserve balances 12,526 -127 - 472 Money in circulation 13,057 +101 +3,1^8 Treasury cash 2,?19 + 13 - ' 159 Treasury deposits 'with P. R. Banks 176 - 64 - 596 Nonmember deposits and other F, R, accounts 1,031 - 7 - 497 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R, 283-a Released for publication Friday morning, August 28, 19/4.2 5 not earlier* STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Aug. 26, Aug. 19, Aug. 27 1942 1942 1941 A S S E TS Gold certificates on hand and due from U. S, Treasury 20,551,126 +3,507 +251,594 Redemption fund—F. R. notes 13»036 - 956 - .2,375 Other cash 245,038 -3,876 - 29,667 Total reserves 20,809,200 -1,325 +219,552 Bills discounted; Secured by U. S, Gov't, obligations, direct and guarantoed 44,,332255 ++11,,558800 ++ 11,,991188 Other bills discounted 1,092 - 504 - 6,881 Total bills discounted 5,417 +1,076 ' - 4,963 Industrial advances 14,181 + 634 + 4,618 U. S, Government securities, direct and guaranteed: Bonds 1,650,283 +3,397 +286,483 Notes 726,105 — - 92,195 Certificates 340,973 — +340,973 Bills 669,410 -62,725 +669,410 Total U, S. Government securities, direct and guaranteed 3,338,771 -59,328 +1,204,671 Total bills and securities 3,408,369 -57,618 +1,204,326 Due from foreign banks 47 — — F. R. notes of other banks 30,069 + 1,907 - 4,166 Uncollected items 1,047,362 -125,037 + 92,934 Btjak premises 40,388 13 253 Other assets 50,210 + 1,492 10 TOT.d. ASSETS 25,3^5,645 -180,594 +1,512,383 L I A B I L I T I ES F. R. notes in actual circulation 10,030,941 +107,361 • +3,024,015 Dopos its: Member bank--reserve account 12,526,418 -126,425 -471,237 U. S. Treasurer—general account 175,955 - 63,823 -596,119 Foreign 907,64o - 6,694 -245,059 Other': • 430,039 + 815 -259,884 Total deposits 14,040,052 -196,127 -1,572,299 Deferred availability items 930,322 - 93,156 + 52,403 Other liabilities including accrued dividends 4,135 + 585. + 820 TOTAL LIABILITIES 25,005,450 -180,837 +1,504,939 C -. a P I T A L A C C O U N TS Capital paid in 145,162 + 16 + 4,220 Surplus (Section 7) 157,502 — + 437 Surplus (Section 13b) 26,781 — 4 Other capital accounts 50,750 + 227 + 2,791 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 25,385,645 -180,594 +1,512,333 Ratio of total reserves to deposit und F. R, note liabilities combined 8866..44??;; + ,3% Commitments to make industrial advances 16,720 - 2,006 +3,790 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form ?. A. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS ON AUGUST 12, • 1942 (In thousands of dollars) A S S E TS Total Boston New York Phila. Clove. Rich. Atlanta Chicago St. Louis Minn. Kans. Cy . Dallas San Pran,' Gold certificates on hand and due from U»S.Treasury • 20,55-1,126 1,-158,135 -7,3^2,152 1,201,214.1 1,746,654 900,063 657,689 3 ,579,062 646,246 395,898 637,855 435,717 1,850,411 iiedemption fund--F.R.notes 13,036 2,322 1,615 433 474 1,135 4o4 . 1,430 591 86 . 686 643 3,167 Other cash 2U5,038 20,474 •. 60,773 13,103 16,432 12,992 15,573 • 39,499 13,622 6,432' 11,263 11,759 23 ,oc'6 Total reserves 20,809,200 1 ,180,931 7,404,545 1,214,830 1,763,610 914,190 673,666 3,619,991 66o,459 402,466 .649,809 448,11? 1,876,584 Bills discoursed: Secured by U.S.Gov't obligations, direct and guaranteed k>325 1,300 1,940 310 50 — — 145 — — 580 — Other bills discounted 1,092 -- 425 96 111 1144++ 35 122 30 22 29 102 76 Total bills discounted 5,hn 1,300 2,365 406 161 4-4 35 . 122 175 22 29 682 " 76 Industrial advances ilj.,181 1,157 623 5,303 471 344 814 223 14 470 2,074 l4o: 2,043 UJ*.Government securities, direct and guaranteed: Bonds 1,650,283 117,368 '459,367 122,403- 153,803 100,045 71,334 211,403 . 82,214 '44,239 72,322 63,86.0 151,375 Not-ss 728,105 51,733 202,672 54,oc4 67,357 44,i4i 31,497 93,271 36,271 19,519 32 ,123 28,175 66,787 Certificaxes 3^0,973 21+,2SO • 94,912 25,290 . 31,778 20,671 14,749 43,679 16,987 9,i4i 15,046 13,194"' - '31,276 Bills 669 fii-10 47,552 186,112 49,591 62,313 4o ,535 2d,921 35,650 33,809 17,923 29,504 26,172 61,330 Total U.b.Gov't securities 3 dire c • t . a nd H ? , marante3d 3,388,771 240,953 943,063 251,288 315,751 205,390 146,551 434,003 169,281 •90,322 149,500 131,401 310,768 .... Y. V „ . . > Total bills and securities 3,408,369 .243,410 946,051 256,997 316,383 206,278 147,400 434,353 169,470 91,314 151,603 132,223 • 312,887 Due from foreign bs.jiks 47 3 18 5 -4 2 2 6' 1 * l 1 4 F.ii. notes of othor banks %,069 1,043 2,913 1,629 1,384 3,292 3,203 ' 3,075 2,591 • 847 3,460 1,159 4,968 Uncollectod it'jms l,047,362 100,587 227,967 67,194 125,692 92,679 1*4,499 152,094 45,601 26,777 47,497 46,951 69,824 Bank premises 4o,388 2,745 10,379 4,327 4,364 3,074 1,950 2,956 2,128 1,321 2,331 1,090 2,723 Other assets 50,210 3,355 13,405 3,784 5,284 3,159 2,112 6,290 2,333 .1,410 2,234 1,936 4,903 TOTAL ASSETS 25,335,61+5 1,532,074 8,605,278 1,549,266 2,217,221 1,222,674 872,837 4,218,765 882,533 524,135 857,435 631,479 2,271,598 *Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F.' R. 283-c STATEMENT OF OONDll'lOw OF iiiii FEDERAL RESERVE BANKS ON AUGUST 26, lyLg. (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 10,030,91+1 71+5,71+6 2,1*30,212 711,91+6 958,939 578,016 395,937.2,cl*8,56t 395,721 2l*i*,98c 333,615 179,311 1,0C2,858 Deposits: Member bank-reserve acct. 12,526,1*18 61+1,81*1* 5,052,268 61*2,701 965,2ll+ 1+89,11+1 393,397 1,372,511 383,909 211,165 .'+28,135 363,818 1-,077^315 U.S.Treasurer-general acct. 175,955 7,271 1+1,1+55 l3,li06 12,293 lb,HI *1+,159 13,152 '9,653 12,053 10.682 12,211 20,1+1+1* Foreign 907,61+0 2l+,355 1+80,391 .67,132 61*,335 30,769 21+,1+75 35,313 20,979 15,331+ 20,279 20,279 53,1A9 Other 1+30,039 -l+,608 278,1)1+7 - 9,287- 63,532. 9,028 h,076 3,021 1-,211+ 3,295 6,226 2,786 y. I189 Total deposits ll* , . 0 0 1 l + + 0 0, ,0 0 5 5 2 2 667788,,007788 5 5 , , 8 8 5 5 3 3 , ,0 06 6 1 1 7 7 3 3 7 7 , ,5 5 2 2 6 6 1,1057375" 543,109 TJJcJTcy 1,973 >997 W T T T c' 21+6,^7 399,091+' 17151. ^97' Deferred availability items 930,322 31,721 189,67/+ 61+, 755 117,393 81+,753 36,509 ll+o ,566 I{l+,370 '22.2U+ 1+1 1+1 ;i52 59,11+9 Other liabilities including accrued dividends. 1+,135 >72 850 33 L J53l_- 3^9_ _ A 1 ! 15£. 128_ 11+8 350 „_221 192 TOTAL LIABILITIES 25,005,1+50 1,506,117 3,1+73,797 1,514,558 2 ,182 ,0l+2 1,206,227 858,766 [+,169,673 870,509 5ll+,269 31-5,818 619,778 2,21+3,396 CAPITAL ACCOUNTS Capital paid in 11+5,162 9,1+39 53,1+73 ll,77l+ lL.,338 5,636' 5.-13.3 15,997 l-:-, c 07 3,065 l+,692 1+,1*1+6 11,962 Surplus (Section 7) 157,502 10,91+9 56,651 15,171 ll+,3l+6 5,256 5.725 22, >+,966 7. ,152 3,613 3,976 10 J92 Surplus (Section 13b) 26,781 2,871+ 7,070 l+,393 1,007 3,21.1+ 713 I ,a29 530 1,000 1,137 1,263 2,121 Other capital accounts 50,750 2,695 H+,237 3,370 1*,988' 2,131' 2,500 3,7l|-l 2,071 2,61+9 2,175 2,016 3,127 TOTAL LIABILITIES iJID CAPITAL ACCOUNTS 25,385,61+5 1,532,071+ 8,605,273 1,51+9,266 2,217,221.1,222,671+ 872,337 1+,213,765 882,533 52i+,l35 857,1+35 631J+79 2,271,898 Commitments to make industrial advances 16,720 750 1+33 1,1+23 699 1,21*1* 11*6 1,589 1,022 — ' 1,327 — 8,087 F.R. notes outstanding 10 ,1+79,902 775,117 2,533,837 738,31+6 990,31+2" 611,352 1+29,530 2,091,126 1+28,929 250*071 352,707 1937551 1,075,191+ Collateral for F.R.notes held by F.R.Agents: Gold certificates 10 ,589,500 785,000 2,550,000 71+0,000 1,000,000 625,000 1+35,000 2,100,000 l+l+c,oco 2?5,ooo 360,000 205,500 r,o9l+,ooo Eligible paper 3,695 1,300 1,91+0 310 11+5 MATURITY DISTRIBUTION OF BILLS /JIB SECURITIES Within 16 to 31 to 61 to 91 cU<ys to 6 months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 90 cWys 6 months to 1 year years ye&rs 5 years Bills discounted 5,1+17 1+,196 971 1C3" 82 25 Industrial advances li,l8l 7,602 376 1U+ 2,161* 713 1,528 820 83I* + U.S.Government securities, direct and guaranteed 3,383,771 71,519 11+5,978 300,L27 1+1+2 ,l*9l|. lii_6,965 13;,, 700 268,175 335,330 1,1*93,183 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis