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FEDERAL RESERVE BOARD WASHINGTON January 17, 19 2 4, St. 3298. * SUBJECT: Revision of Weekly Federal Reserve Bank Statement* Dear S i r : The revised form of the Board's weekly press s t a t e ment showing condition of Federal reserve banks, a copy of which was attached to l e t t e r St, 3888 of January 9, 1924, provides for showing holdings of U« S, bonds and Treasury notes separately. Inasmuch as weekly statements issued dur- ing 1923 showed only a combined t o t a l of "U. S. bonds and notes," and as the consolidated statements issued at some of of the Federal reserve banks give comparative figures for the preceding year, the attached statement has been prepared giving the d i s t r i b u t i o n of U. S, bonds and notes held by the twelve Federal reserve banks combined on each weekly s t a t e ment date during 1923. It w i l l be noted that the figures appearing under the caption "Treasury notes" include Victory notes up to May l6, 1923, and these figures should carry an appropriate note, as was done in the Board's weekly press statement for January 9, 1924, copies of which have already been sent t o you. Very truly yours, E, L. Srnead, Chief, Division of Bank Operations, TO A£L FEDERAL RESERVE AGENTS $ Me** i; 487 St. 3898a U. 8. BONDS AND TREASURE NOTES HELD 31 THE TWELVE FEDERAL RESERVE BANKS COMBINED OH EACH WEEKLY STATEMENT DATE DURING 1923(In thousands of dollars) Bate U. S. Bends U. S. Bends Treasury Notes Date Treasury Notes 25,618 64,126 25,016 25,138 99,888 24,905 24,815 24,824 58,106 Jan. 3 Jan. 10 Jan. 17 3m, 24 Jan. 31 28,0% 28,704 28,043 28,781 29,898 *154,256 *147,005 *128,835 *138,076 *133,054 July July My July 3 11 18 25 Feb. T IW>. 14 ieb. 21 lab. 28 29^98 29,532 29,315 29,197 *136,088 *133,706 *138,105 *144,778 Mar. M«r. Mar. Her. 7 14 21 28 *139,134 *131*814 *134,^1 *142,905 1 8 15 22 29 S:18 60,043 59,780 6§,812 28,842 28,865 29,298 29,303 Aug. Aug. Aog. Aug. Aug. J»*. 4 Apt. 11 # r . 18 4pr. 25 29,330 29,293 26,155 27,939 *135,296 *133,533 *130,755 *129,091 Sep. 5 Sep. 12 Sep. 19 Sep. 26 20,904 59,675 21,387 21,462 75,416 73,843 63,283 66,275 %y May May i i May 23 27,963 29,573 27,125 27,180 26,952 *120,030 *119,387 *124,538 123,710 125,059 Oct. Oct. Oct. Oct. Oct. 3 10 17 24 31 22,067 '22,098 19,733 19,744 18,213 67,561 64,710 66*518 60,163 59,361 Jane June June June 26,678 •65,149 25,070 25,220 115,199 Nov. 7 Nov. 14 Nov. 21 Nov. 28 18,203 13,192 18,234 18,509 57,237 60,465 50,098 52,832 Dec. 5 Deo. 12 Dec. 19 Dec. 26 18,491 18,464 23,555 18,612 51,772 58,691 54,M93 65,280 May 29 6 13 20 27 100,138 83,493 82,938 •Includes Victory notes. IEHBRAL RESERVE SURD, IffVISION Of BASK OPERATIONS 3 m m 17, 1924. 25,616 58,897
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