The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form No. 131. Office Correspondence FEDERAL RESERVE BOARD March 8, 1922. Subject: Victory Notes, Treasury Notes, and Treasury C e r t i f i c a t e s held by Federal Reserve Banks March 1, 1922. To Mr. McClelland Gov. Harding FROM Date Mr. Smead In accordance with your r e q u e s t , there i s given below a statement showing the amount of Victory notes, Treasury notes, and Treasury c e r t i f i c a t e s held by each Federal Reserve Bank as a t close of business on March 1, 1922. Federal Reserve Bank Boston Repurchase agreement All other Victory Notes Treasury Notes None $1,008,100 None $2,922,600 $8,450,000 $2,000 25,346,500 New York Repurchase agreement All other None 12,000,000 800,000 34,593,000 / 31,900,000 None 76,714,500 Philadelphia 10,604,100 2,686,700 8,000,000 26,500 Cleveland. 17,409,600 81,300 6,000,000 14,230,500 None Treasury C e r t i f i c a t e s Pittman All Act Other Richmond None None 3,560,000 Atlanta None None 7,366,000 1,000 24,252,750 669,500 8,667,000 30,494,000 1,456,100 824,000 3,571,000 6,239,500 Minneapolis 153,550 22,100 4,350,000 1,062,500 Kansas City 5,314,850 7,379,400 5,320,000 117,500 None 1,900,000 None 13,600 6,382,000 Chicago* St • Louis None Dallas San Francisco 12,028,300 13,500 *Separate figures of s e c u r i t i e s held under repurchase agreement and for investment account are not available a t Board's o f f i c e s . 131. FEDERAL RESERVE Office Correspondence To From__ _ BOARD Date Subject: _ . : . -2- The Federal Reserve Banks of Boston, New York, and Chicago are the only banks that report U.S. Securities taken under repurchase agreement. Separate figures of securities held under repur- chase agreement are not shown for the Chicago Bank as such data are not available in our files, and if the information is desired it will be necessary to write or telegraph the bank therefor. It will be noted that relatively a very small amount of the U.S. Securities held by Federal Reserve Banks on March 1 were taken under repurchase agreements. In the case of the Federal Reserve Bank of Hew York, investment schedules received by us indicate that this seems to be quite a reversal of the practice obtaining last year. It would appear that on the particular date in question dealers in New York City were having no difficulty in carrying their U.S. Securities without the assistance of the Federal Reserve Bank.
@FedFRASER