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Released f o r p u b l i c a t i o n Friday morning, April 10; not e a r l i e r . STATEMENT FOB THE PB3SS S t . 4491 Federal Reserve Board April 9, 1925. CONDITION OP FEDERAL RESERVE BAMS The c o n s o l i d a t e d statement of c o n d i t i o n of t h e Federal r e s e r v e banks on April , made p u b l i c by th,i F e d e r a l Reserve Board, shows d e c r e a s e s of $8,600,000 in hold discounted b i l l s aad of $5, 700,000 in acceptances purchased i n open market t o g e t h e r with an i n c r e a s e of $4,400,0C0 i n Government s e c u r i t y h o l d i n g s , w j t h the r e s u l t t n a t t o t a l earning a s s e t s went down $9,900,000. F e d e r a l r e s e r v e n o t e cire.u ' 1 0 n increased $4,';00,000, cash r e s e r v e s d e c l i n e d $6,100,000, and n o n - r e s e r v e cash increased $2,500,000. ' The New York r e s e r v e bank shows an i n c r e a s e of $29,900,000 in h o l d i n g s of discounted b i l l s as compared with t h e d e c l i n e of $37,700,000 r e p o r t e d the week oefore. r e d u c t i o n s in d i s c o u n t holdings f o r t h e week were: P h i l a d e l p h i a * 9 , 0 0 0 , 0 u ° Cleveland $8,400,000, Chicago $8,000,000, Boston $4,400,000, San Franc i s c o $3,700,uOO, and A t l a n t a , $3,100,000. The remaining banks show r e l a t i v e l y small changes in d i s c o u n t holdings f o r t t e Wiek. A f u r t h e r i n c r e a s e of $.10,300,000 i n holdings of a c c e p t a n c e s purchased, in open market i s r e p o r t e d by the F e d e r a l Reserve Brnk of New York, while a l l of the other banks show r e d u c t i o n s a g g r e g a t i n g $16,000,000. The System's holdings of I n i ^ 7 . n S t a t e s t r e a s u r y n o t e s went op $4,200,000 and. of United S t a t e s bonds $700,000, while h o l d i n g s of c e r t i f i c a t e s of indebtedness declined $500,000. The p r i n c i p a l changes i n F e d e r a l r e s e r v e note c i r c u l a t i o n during t h e week comprise a r e d u c t i o n of $9,500,000 reported by the New York bank, and i n c r e a s e s of $7,000,000 reported, by Cleveland, $3,400,000 by Boston and $2,100,000 by A t l a n t a A summary of changes i n t h e p r i n c i p a l a s s e t s and l i a b i l i t i e s of t h e r e s e r v e banks d u r i n g the week and t h e y e a r ending A p r i l 8, 1925, f o l l o w s : Increase or decrease Week during Year Total r e s e r v e s Gold r e s e r v e s - $6,100,000 - 6,600,000 - $224,800,000 ,264,100,000 Total e a r n i n g a s s e t s B i l l s discounted, t o t a l Secured by U. S. Gov't, o b l i g a t i o n s Other b i l l s d i s c o u n t e d - 9,900,000 - 8,600,000 - 11,600,000 + 3,000,000 + - 80,500,000 138,300,000 35,700,000 102,600,000 - 5,700,000 + 113,100,000 U. S. Government s e c u r i t i e s , t o t a l . . Bonds . Treasury n o t e s C e r t i f i c a t e s of indebtedness . . . . + + + - 4,400,000 (00,000 4,200,000 500,000 + + + - 33,300,000 b4,300,000 62,600,000 33,600,000 Federal Reserve n o t e s i n c i r c u l a t i o n - . + 4,500,000 - 267,500,000 Total d e p o s i t s . . . . Members' r e s e r v e d e p o s i t s Government d e p o s i t s Other d e p o s i t s - 8,700,000 + 8,000,000 - 12,500,000 - 4,200,000 + + + 131,900,000 205,800,000 77,000,000 3,100,000 B i l l s bought i n open market . . . . . . . . . . . . . . Released f o r p u b l i c a t i o n Friday, morning, April 10, 1925. St. 4491a RESOURCES AND L I A B I L I T I E S Of TPE TWELVE FEDERAL RESERVE B A M S COMBINED ( i n thousands of d o l l a r s ) A p r , g, 1923 RESOURCES Geld with Federal reserve agents . . . . Gold redemption fund with U.S.Treasury . 1,513,503 50,428 Gold held e x c l u s i v e l y a g a i n s t F.R.notes Gold s e t t l e m e n t fund with F. R. Board . Gold and gold c e r t i f i c a t e s held by banks 1,563,931 692,776 532,675 Apr. 2,839,382 Total r e s e r v e s Non-reserve cash B i l l s discounted '• Sec. by U. S. Government o b l i g a t i o n s Other b i l l s discounted Total b i l l s discounted. . . . . B i l l s bought in open market U. S. Government s e c u r i t i e s : B o n d s * . . . . . . . . . . . . . . . C e r t i f i c a t e s of indebtedness . . . . Total U. S. Government s e c u r i t i e s Foreign loans on gold . . . . . . . . . All other earning a s s e t s 5$ Redemption fund - F. R. Bank notes . TOTAL RESOURCES L I A B I L I T I E S F. R. notes i n a c t u a l c i r c u l a t i o n . . F._ R. Barik notes in c i r c u l a t i o n - n e t Deposits: Member bank - r e s e r v e account . . . Deferred a v a i l a b i l i t y items . . . . . < ' » • * TOTAL LIABILITIES . . . Ratio of t o t a l reserves t o deposit and. F. R. note l i a b i l i t i e s combined . . . Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents *Revised f i g u r e s . C. 137,226 2,976,608 54,215 1, 1925 Apr. 9, 1924 1,588,355 *51,957 *1,640,342 *615,295 590,300 1,984,054 57,223 2,041,277 672,858 389,231 2,845,934 136,747 3,103,446 2,982,681 51,673 97,975 3,201,421 49,351 192,600 195,689 204,186 195,739 228 , 280 301,279 391,289 310,685 399,925 316,378 529,559 197,606 82,631 250,177 29,432 81,942 245,970 29,922 18,273 187,615 63,015 362, 240 357,834 10,500 1,902 1,086,539 268,903 10,500 1,902 1,076,616 - 602,618 58,967 20,99s 4,790,022 607,19s 58,863 20,653 51 996,119 28 577,583 55,985 22,420 4,807,607 4,902,907 1,714,161 1,709,670 1,981,638 365 - — - 2,140,760 21,878 24,340 2,186,978 544,276 114,481 217,837 / 12,289 / 4,790,022 - 2,132,779 34,377 28,501 1,934,999 98,841 21,227 2,195,657 558,250 114,492 217,837, 11,701 ' 2,055,067 4,807,607 4,902,907 519,305 110,837 220,915 14,780 76.3 76.4$ 79-3$ 45,281 50,384 14,002 Released f o r p u b l i c a t i o n Frid ay morning, April 10, 1925; not e a r l i e r . St. 4491b "RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS AT CLOSE OF BUSINESS, APRIL 8, 1925. RESOURCES ( i n thousands of d o l l a r s ) Federal Reserve Bank of Boston New York Phi l a . CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total Gold with Federal Reserve Agents 163,67 8 321,6 38 1 34,134 170,172 47,438 136,905 115,563 46,884 66,844 57,553 40,478 212,211 1,513,503 Gold redemption fund with U.S.Treas. 7,010 8,442 8,387 3,220 3,074 1,882 5,826 5,084 1,019 2,364 1,760 2,360 50,428 Gold held e x c l u s i v e l y a g a i n s t 170,688 F. R. notes Gold settlement fund with F. p. Board. 43,914 Gold and gold c e r t i f . held by banks 28,911 Total geld r e s e r v e s Reserves other than gold Total r e s e r / e s Non-reserve cash B i l l s discounted: Secured by U.S.Govt, o b l i g a t i o n s Other b i l l s discounted 243,513 16,039 259,552 5,002 330,080 142,521 173,392 232,276 53,483 69,502 314,533 21,002 32,148 50,512 138,787 121,389 18,270 11,054 119,313 22,655 10,365 92,059 51,968 23,131 12,037 576,939 217,006 275,042 31,130 4,433 S, 259 .908,119 221,439 283,301 1,841 14,949 2,853 91,437 160,206 332,761 87,136 3,656 l 4 , n 6 18,430 19,076 95,093 174,322 351,191 106,212 3,468 3,878 5,215 7,855 59,922 44,490 3,565 42,233 214,571 1,563,931 692,776 22, 390 35,560 582,675 9,458 29,221 93,927 107,977 2,062 3,317 95,939 111,794 2,544 920 74,086 279,352 2,839,382 6,658 137,226 9,500 83,586 286,010 2,976,608 .54,215 2,375 3,315 67,863 19,393 6,671 16,477 20,214 75,917 53,037 20,100 12,752 22,234 14,759 11,442 27,679 3,228 13,471 25,070 24,805 5,134 7,685 .238 3,885 1,702 4,415 129 1,367 10,929 14,620 192,600 198,689 36,691 39,316 128,954 83,534 32,852 24,102 36,993 29,342 39,121 12,224 16,699 12, 830 49,875 39,650 12,819 11,741 4,123 8,229 6,117 12,730 1,496 8,845 25,549 28,142 391,289 310,685 2,662 14,428 3,891 12,460 93,688 5,396 1,416 22,490 365 11,001 22,162 6,286 1,407 1,615 82 1,764 1,082 986 19,649 30,401 2,985 1,648 6,906 336 8,764 8,162 457 10,061 12,906 2,301 8,681 10,821 606 3,H8 25,516 5,691 82,631 250,177 29,432 otal U. S. Govt, s e c u r i t i e s Foreign loans on gold All other earning a s s e t s 20,981 111,544 3,055 24,271 1,050 1,400 39,449 1,208 3,104 609 3,332 462 53,035 1,564 8,940. 17,383 368 525 2 25,263 462 500 30,108 399 34,325 798 362,240 10,500 1,902 Total earnins; a s s e t s Uncollected items Bank premises All other resources 96,988 51,887 4,190 48 30,105 13,218 3,046 3,149 45,077 37,032 4,165 577 30,548 24,660 1,833 1,703 Total b i l l s discounted B i l l s bought i n open market U. S. Government s e c u r i t i e s : Bonds t r e a s u r y notes C e r t i f i c a t e s of indebtedness m TOTAL RESOURCES - - 327,087 136,702 16,569 5,550 - 83,675 106,992 55,563 50,642 1,112 7,573 226 392 - 55,058 54,077 2,446 534 - - 33,823 144,124 30,460 76,669 2,750 8,099 1,983 1,629 - 34,025 35,381 3,881 348 - 88,314 1,076,616 602,613 36,327 58,967 3,273 4,359 20,998 417,667 1,408,976 364,022 451,587 210,676 248,583 589,567 183,725 146,427 201,189 145,005 422,598 4,790,022 Released t o r p u o t i c a t i o n F r i d a y morning, A p r i l 10, 1925; n o t e a r l i e r . S t . 4n-91c RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, APRIL 6, 1925. F e d e r a l Reserve Bank of F. R. n o t e s i n a c t u a l c i r c u l a t i o n Deposits: Member bank - r e s e r v e account Government Other d e p o s i t s Total d e p o s i t s Deferred a v a i l a b i l i t y items C a p i t a l paid i n Surplus All other l i a b i l i t i e s "O^AT, LIABILITIES R a t i o of t o t a l r e s e r v e s t o d e p o s i t and F. P. n o t e l i a b i l i t i e s comb in sd, p e r c e n t L I A B I L I T I E S ( i n thousands of d o l l a r s ) Boston New York P h i l a . v l e v e . Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cv. D a l l a s San Fran. Total 209,539 34s,102 156,578 196,473 75,401 143,67b 165,317 49,482 66,153 65,344 44,477 193,619 1,714,161 130,150 1.57S 74 235,784 126,274 168,791 5,073 342 2,451 12,530 342 1,240 65,571 828 147 67,429 305,269 1,990 1,257 136 1,133 79,962 1,906 903 54,621 1,633 297 86,644 1,639 610 60,541 159,398 2,140,760 901 2,280 21,878 262 6,616 24,340 131,802 51,380 8,050 16,382 514 853,387 126,958 172,482 114,239 45,931 46,132 31,318 11,098 12,958 58,749 20,059 22,462 3,181 398 1,080 66,846 50,049 5,96s 11,701 711 69,555 307,709 21,146 68,783 4,599 15,495 8,950 30,426 657 1,837 82,797 35,907 5,104 9,971 464 56,551 12,016 3,260 7,497 950 65,893 33,215 4,295 8,977 465 61,"704 168,294 2,186,978 26,360 36,118 544,276 4,201 8,135 114,481 7,592 15,071 217,837 671 1,361 12,289 417,667 1,408,976 364,022 451,587 210,676 248,583 589,567 183,725 146,427 201,189 145,005 422,598 4,790,022 76.0 Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n c c r r e s p end ante 75.6 12,421 78.1 4,635 76.8 66.9 5,330 . 2,688 81.8 2,039 74.2 6,906 80.3 2,317 78.2 1,622 72.5 2,039 78.7 1,761 79.0 3,523 76.3 45,281 F. R. n o t e s o u t s t a n d i n g F. R. n o t e s held by banks 233,415 23,876 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION 479,452 183,511 210,584 89,362 162,516 175,163 56,094 69,39 4 7 3,602 131,350 26,933 14,111 13,961 18,840 9,846 6,612 3,241 8,258 49,045 238,035 2,020,173 4,568 44,416 306,012 F. R. n o t e s in a c t u a l c i r c u l a t i o n 209,539 348,102 156,578 196,473 44,477 193,619 1,714,161 B i l l s discounted B i l l s bought in open market C e r t i f i c a t e s of indebtedness Municipal warrants DISTRIBUTION OF BILLS, MUNICIPAL WARRANTS AMD U. S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES From 91 days Within 15 days 16 t o 30 days 31 t o 60 days 6 l t o 90 days Over 6 months Total to 6 months 259,091 24,867 36,694 25,722 11,010 3,905 391,289 106,137 60,478 88,501 47,558 8,011 310,685 1,223 16,028 12,181 29,432 2 2 75,401 143,676 165,317 49,482 66,153 65,344 Fel eased f o r p u b l i c a t i o n F r i d a y morning, April 10, 1925J not e a r l i e r . S t . 44$>ld FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, APRIL 5, 1925. ( i n thousands of d o l l a r s ) ' New Ynr> Phils-. Clave, Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s San Fran. Total Boston Fed e r a l Reserve Agent a t RESOURCES 25,660 20,851 28,373 22,047 64,900 988,770 22,654 62,008 270,037 318,540 55,850 50,200 47,650 Federal Reserve n o t e s on hand 56,094 69,394 73,602 49,045 238,035 2,020,173 89,362 162,516 175,163 479,^52 183,511 210,584 F e d e r a l Reserve n o t e s o u t s t a n d i n g 233,^15 C o l l a t e r a l security f o r Federal Reserve n o t e s o u t s t a n d i n g : 274,916 16,011 5,000 11,575 13,052 1SG.69S 6,000 8,780 27,SCO Gold and gold c e r t i f i c a t e s 107,181 3,467 18,994 3,192 1,292 3,143 7,905 4,918 3,309 28,940 10,745 11,392 9,875 Gold redemption fund 32,000 52,500 54,360 21,000 106,000 117,389 150,000 44,295 124,000 110,645 126,000 G-o1d fund - F. R. Beard E l i g i b l e paper 506,670 8,567 25,824 9,210 2,550 16,044 41,924 25,611 59,600 157,814 49,377 40,412 Amount r e q u i r e d 69,737 168,370 2,610 1,635 27,464 14,036 2,761 29,681 9,532 7,564 2,295 25,586 6,270 38,936 Excess amount held 520,750 1,316,380 425,167 496,954 208,942 389,801 650,044 151,884 169,171 178,187 121,772 568,434 5,197,486 TOTAL - L I A B I L I T I E S Net amount of F e d e r a l Reserve notes received from Comptroller of 281,065 t h e Currency 797,992 239,361 260,784 112,016 224,524 445,200 C o l l a t e r a l received from Federal r e s e r v e bank: Gold E l i g i b l e paper 321,638 134,134 170,172 196,750 51,672 65,998 47,438 136,905 115,563 49,488 28,37 2 89,281 TOTAL 163,673 76,007 520,750 1,316,380 425,167 496,954 81,754 46,884 23,246 90,245 101,975 66,844 12,082 71,092 302,935 3,008,943 57,558 18,654 40,478 212,211 1,513,503 10,202 53,288 675,040 208,942 389,801 650,044 151,884 169,171 178,187 121,772 568,434 5,197,486
@FedFRASER