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I
;·"'l·."· .· ~
.
-"
STATEM~
:·:::
. .'
FOR THE PRF5S
St. 4ol6
Federal Reserve Board,
April 10, 1924.
Released for publication
Frida.y morning, Ap:ril 11;
not earlier.
CONDITION OF FEDERAL RESER'J'.S
Bb...~S
The consolidated statement of condition· of. the Federal reserve banks on April
9, 1924, made public by the Federal Reserve Bou.rr':, shows a reduction of $16,200,000
in holdinp;s of acceptances purchased in open ma.rkcJt, an increase of $4,000,000 in .
Government sccu:rit ies, and a nominal decline in holdings of discounted. bills. Cash
reserves increased by $10,100,000, while Federal reserve note circulation declined
by $5,600,000 and deposit ,liabilities - qy $7,300,000.
/
Increases of $19,800,000 and $10,500,000, respectively, in holdings of discounted bills are :reported b,y the Federal Reserve Banks of New York and Cleveland,
and an aggregate increase of $3,500,000 by Kansas City and Dallas. The Atlanta barik
shows a decrease of $6,800,000, San Francisco - a d,ecrease of $6,400,000, and
St. Louis and. Philadelphia decreases of $5,600,000 each. Holdings of paper secured
by U. S. Government obligations declined. by $10,800,000 during the week and. on April
9 aggregated $228,300,000. Of the latter amount, $132,000,000 was secured by Liberty
and other tJ. S. bonds, $87,200,000 by Treasury notes, and $9,000,000 by certificates
of indebtedness.
All Federal reserve banks show smaller holdings of acceptances purchased in
open market, except Boston and San Francisco, which report a combiped increase of·
$2,200,000. The New York bank shows a decline of $5,400,000 and Dallas a decline of
$5,100,000. Increases in holdings of Goverl'llDSr.t securities are shovm by all banks
except Philadelphia and Atlanta, the latter bank having liquidated. practically its
entire holdings of Government securities.
Federal reserve note circulation declined by $5 1 600,000, the Chicago bank showing a reduction of $7,100,000, Cleveland reporting an increase of $5,600,000, while
the remaining banks show smaller changes in their note circill~tion~ Gold reserves
in_s;:reased. b.Y $11,700,000 during the week, Reserv·:)S other than gold declined by
$1,600,000, and Non-rese:rve cash inct·cased by $2,800,000.
A sum:nar;y' of changes in tho principal ass.;;ts and liabilities of the reserve
banks during the week and the year ending April 9, 1924, follows:
Increase or decrease during Week
Total reS·3rves •
Gold reserves
. . . .. . .
Total earning assets • • •
Bills discounted, total • • • •
Secured by U. s. Government obli~ations
Other bills discounted ••
+ $10,100,000
+ 11' 100,000
+ $17,000,000
+ 17,700,000
12,200,COO
100,000
10,800,000
10,700,000
- 139,100, coo
93,100,000
99,100,000
6.ooo,ooo
+
16,200,000
76,800,000
4,000,000
100,000
2, 700,000
+ 30,800,000
+
Bills bought in open market
U.
s.
Government securities,. total •
Bonds • • . • . . • . . • • •
Treasury notes . • . . • • •
Certificates of indebtedness .
Federal Reserve notes in circulation
Total deposits • • . • . • •
Members' reserve deposits
G-overnment deposits
Other deposits . • • . . .
{
c.
...
...
..
. • •
+
+
+
+
• • •
• •
Year
1,~·00,000
-
+
- 249,400,000
7,300,000
1)900,000
+ 112,900,000
+ 58,600,000
+ 53,600,0CO
700,000
+
1,800,000
:i
.J
i1
~J
l
11,000,000
54,100,000
12,300,000
5,Eoo,ooo
11 1 OQQ 1 QQO
+
-
...
"'~
Released for publication Friday morning, April 11, 1924.
RESOURCES J,ND LL"J:liJ,IT!.LS
OF THE 'WELVE FEDERAL :RESEPvT ~.,::r.~ 1 COM:JINED
St. 40l6a.
(In thousands of dol: s.rs)
Apr. ~_)5._?~- !tr:l:..· 2. 19 24 _ APr4 11, 19 23
RESOURCES
Gold with Federal reserve a~ents . • .•
Gold :redemption fund with U.S. Tre::1sury •
Gold held exclusively against F.R.notes
Gold settlement fund ~.vith F. R. Board
Gold and gold certificates held by banks
I f
Total gold :reserves • • • • .
1,954,054
_ _j7~?J.
2,041,277
l, 974,624
2,041,5C9
50,533
2,025,157
62,210
672,888
709,531
Total bills discounted •
Bills bought in open market
U. S. Government securities:
Bonds . • • . • • . • • •
Treasury notes • . • . •
Certificates of indebtedness . .
3,103,446
357,02:3
3 IJS! 1 '(6 7
97.975
99,564
98,680
3,201,421
3,191,331
3, 1~4,439
49,351
46,599
66,253
228,280
301,279
239,063
290,59 7
327,412
_22.:_233
529,559
~29,66o
622,650
197,606
213,772
274,389
_.3~281
.
Total earning assets •
5%
Redemption fund - F. R. Bank notes
Uncollected items • • . . .
. ...
Bank premises . • . • . • .
All other resot.:rces • • . . .
L I AB I L I T I E S
F. R. notes in actual circulation
F. R. Bank notes in circulation - n~t
Deposits:
Member bank - reserve account • • •
Government •
Other deposits . • ~ . • • . . . . •
~;
Total d.eposits
Deferred availability
Capital paid in • • .
Surplus • . .
.
All other liabilities
"
•
•
•
•
II
items
•
.
••
TOTAL LIABILITIES
1
lS, 331
187,615
134,B37
63,015
61,637
268,903
264,855
..
1, 008,333
1,135,234
28
577.533
55,985
22,420
a:;
536,085
55,3 76
191
638,391
21!398_
13,627
4, 909' 655
5,087,343
-
1,981,638
365
1,934,999
98,841
_21,227
49,203
2,231,041
2,472
1,933.113
109,835
_19,_41~
1,076,414
45,218
-~·_499
1,942,131
2,055,067
519,305
2,062,364
513' 463
569' 272
108,633
220,915
220,915
14,413
---'-
213,369
15,380
4,909' 655
5, 087,348
110,837
14,730
4,902,907'
110,359
~
1
7b,.3]o
14,002
11,230
*Includi~g Victory notes,
75,328
996,119
\
c.
23.293
*133,533
51
Ratio of total reserves to deposit and
F. R. note liabilities combined • . •
Contingent liability on bills purchased
for foreign correspondents • • • . •
3,085, 759
_51_
_
4,902,907
TOTAL RESOURCES
I,
J
18,273
Total U. S. Government securities
All other earning assets •
..
657,410
_E4,630
Reserves other than gold
Total reserves
Non-reserve cash • • . •
Bills discounted:
Sec. by U. S. Government obligations •
Other bills discou..11ted •••
2, 103, 719
31,914
for publication on
Frid~
morning, April 11, 1924; not
~arlier.
RESOURCES AND LIABILITIES OF THE FEDERAL RESEHVE BANKS AS AT CLOSE OF BUSINESS, APRIL 9, 1924.
RESOURCES
(In thousands of dollars)
Federal Reserve Bank of
Best on New York Phil a.
Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fr~. Total
Gold with Federal Reser~e Agonts
187,169 535.796 182,108 203,501 41,491 112,849 320,433 65,114 58,706 54,3 72 18,628 203,887 1,984,054
Gold redemption fund with U.S,Treas.
57,223
7. 711
7,695 10,567 2,882 5,217 3,121 4,061 2,863 1,997 3, 719 1,816 5,574
Gold held exclusively a~ainst
F. R. notes
Gold settlement fund with F.R.Board
Gold and gold certif. h~ld by banks
Total gold reserves
283,389
6,938
Reserves other than gold
Total reserves
290,377
cash
Bills discounted:
Sec. by U. S. Govt. obligations
Other bills discOQnted
N~reserve
Total bills discounted
Bills bought in cpen market
U, S. Government securities:
Bonds
Treasury notes
Certificates of indebtedness
Total U. S. Govt. securities
All other ~arning assets
Total earning assets
5~ ·Redemption fund - F.R.Bank notes
Uncollected items
Bank premises
All other rosources
TOT.AL RESOURCES
3.334
543,491 192,675 206,383 46, 7C8
177,993 34,717 90,511 36.860
192,132 41,598 12,084 5,369
913,616 268,990 308,978 89,437
26,399 3,261 6,276 3,486
940,015 272,251 315,254 92,923
13,430 2,03 7 2,994 2,447
•
115,970 324,494 67,977 60,703 58,091 20,444 209,461 2,041,277
14,349 120,006 18,035 11,916 41,263 14,036 43,136 672,888
389,281
3,547 12,577 24,118
6,869 55,726 6,757 9,451
137' 138 500,226 92,769 82,070 102,901 47,117 276,765 3,103,446
4,603
4,53~.568
10,973 10,072 13 '702 1,117
97,975
148,161 510,298 106,471 83, 187 107,4 31 53,685 281,368 3, 201,421
5,848
714 2, 777 2,801 ),618
491351
5,299 4,052
11,137
11,092
22,229
20, 4o3
90,340
40,836
26,970 30,115 17,724 8,7c4 21,444 9,758
834 3,061
976 7, 217
10,991 22,933 36,942 32,670 45,716 20,842 11,715 20,588 9, 766 37,188
131,176 37,961 53,048 54,666 41,374 67,160 30,6o0 12,549 23,649 10,742 44,405
49,757 12,852 19,314 2,287
7, 772 30,465 5,634 ~,008
7,135 20,992 15,98 7
2281280
301,279
542
15,732
5,476
21,750
64,382
113
1, 202
1,191
917
549
39,789 20,321 22,516 2,703
1
16,251 2,112 7,601 1,231
57,242 22,982 31,034 5,125
ll4
51
238,175 73,846 1031396 62,078 491260
48,122
4,312
33
124,936 51,286 54,387 50,472
2,528
14,375 1,113 9,117
276
3,227
4o9
C37
18,273
187,615
63,015
268,903
51
996,119
28
577,583
55,985
22,420
410,610 1,334,158 400,809 485,945 210,357
c.
194,880
69,956
18,553
. 4,426
24, 7~
11 '622
40, 777
4,876
2,051
6,927
7,168
382
12,751
7.099
4,082 4,124
18,349 17,257
138,402 43,161
1, 780
3
15,329 211769
3,168 5,29 7
20,277 27,069
529,559
19 7, 6o6
35,906 48,041 52,011 8 7,461
23
26,157 75,944 36, 793 11 '997 34,506 23,634 38,849
2,709 8,264 l, 702 2,542 4,595
1,911
2,817
l, 727
152 5,816 1,076 4,640 4,193
519
233,862 733,726 192,331 140,162 198,426 13~,710 418,311 4,902,907
____....__.___
-~-
--------------
Released for publication
St. 4016c.
Frid~· mornir~,
RESOURCES
A..'~'IJD
April 11, 1924; not earlier.
LIABILITIES OF THE FEDERAL PESERVE BANKS AT CLOSE OF BL'S!NESS, APRIL 9, 1924.
L I ABI L I T I E S
(In thousands of dollars)
Boston New York Phil a.
Clave. Rich. Atlanta
Federal Reserve Bank of
F. R. notes in actual circulation
205,970
F.R. Bank notes in circulation - net
Deposits:
Member bank - reserve account
123,350
10,102
Government
143
Othzr deposits
362,695 204,864 228,198 • 82,013 1381628
747,734 113,572 161,046 61,755
20,4o6
6,912 11,765 1,6S8
12,629
269
877
89
133,595 780,769
98,679
46,325
7,915
29t796
16,390
59,929
2,290
415
410,610 1, 334,158
Total deposits
Deferred availability items
Capital paid in
Surplus
"All other liabilities
TOTAL LIABILITIES
Ratio of total reserves to deposit
and F. R. note liaoilities
combined, per cent
82.2
35.5
Contingent liability on bills
purchased for foreign
correspondents
4,097
120,753
44,498
10,143
19 t 92 7
619
400,309
173,638
46, 8)6
12,432
23 t 691
1' 190
485,945
63,532
46,811
5,839
11' 672
990
210,357
83.6
78.4
63.8
1,355
1,633
796
Chicago St,Louis Minn. Kans.Cy. Dallas San Fran. Total
312,353 66,881 67,293 64,525 43,780 204,433 1,981,638
365
365
56,602 230,799 72,469
4,283
30,697 2,832
121
1,367
375
61,011 312,863 75,6 76
19,280 66,439
33.942
5,068
4,530 15,092
3,950 30,426 10,072
1,463 1, 548
692
233,862 7381726 192,331
74.2
615
81.6
2,082
74.7
685
46,790 74,079 '53, 143 143,660 1,9 34,999
1,632 3.296 2,543 2,680
98,841
451
200 4,355
21,227
351
48,373 77' 726 55,886
11,877 41,506 24,759
3,436 4,492 4,134
7,484 9,496 7,577
631 2,159
1,129
140,162 198,426 138,710
71.6
75·5
643
503
53·9
531
150,695 2,055,067
38.493 519,305
7,355 110,837
15,301 220,915
14,780
1, 534
418,311 4,902,907
79·2
1,062
79·3
14,002
FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION
F. R. notes outstanding
F. R. notes held by banks
226,956
20,986
F. R. notes in actual circulation
205,970
646,260 226,616 247,644 91,510 151,126 346,103 81,374 72,092
23 3.565 21,752 19,446
9,497 12,498 33' 745 14.49 3
4, 799
362,695 204,864 228, 198 82,013 138,628 312,358 66,881 67.293
75,345 48,065 254,232 2,467,323
10,820 4,285 49,799 435,685
64,525 43,780 204,433 1,931,638
DISTRIBUTION OF BILLS, U. S, CERTIFICATES OF INDEBTEDNESS AND MUNICIPAL WARRANTS BY MATURITIES
From 91 days
Within 15 days
16 to 30 days 31 to 6o days
61 to 90 days
Over 6 months
Total
to 6 months
332,846
97' 253
1,125
Bills discounted
Bills bought in open market
U. s. Certificates of indebtedness
Municipal warrants
49,386
42,871
68,009
42,177
50,652
14,570
9, 265
51
22,289
735
46
c.
-~
---~-----'- ~~-~~
. ~~
-·-
--~~~~-~- ~~-~-~~~-~--~-- -~
-- · - - · -~-L___r~~
6, 377
52,579
529,559
197,606
63,015
51
St. 4ol6d.
for publioaticn Fr.id~ morning, April 11, 1924; not earlier.
FEDERAL RESERVE AGENTS 1 ACCOtmTS AT CLOSE OF BUSINESS, .APRIL 9, 1924.
(In thousands of dollars)
Federal Reserve Agent at
RESOURCES
Federal R3serve notes on hand
Federal Reserve notes outstanding
Collateral security for Federal
· Reserve notes outstanding:
Gold and ~old certificates
Gold. redemption fund
Gold fund - F. R. Board
ELgiblc paper .'\J::ount required
E"Ccess amount held
TOTAL
Boston New York Phila.
Cleve.
Rich.
Atlanta
Chica~o
St.Louis Minn. Kans.Cy. Dallas San Fran.
Total
104,100
226,956
2B2,060 48,920 43,470 38,36o 77,302 182,380 27,300 17,525 29,6~3 29,127 79,160 959,347
646,260 226,616 247,644 91,510 151,126 346,103 81,374 72,092 75,345 48,065 254,232 2,467,323
35,300
18,869
133,000
238,531 14,000 8,780
2,400
9,985 13,052
31,265 13,719 12,721 3,196 6,449 6, 788 4,129 1,654 4,012
266,ooo 154,389 182,0oo 33,295 1o4,coo 313,645 51,000 44,ooo 50,360
7,681
329,729
3,447 18,520 124,769
7,5oo 185,367 1,529,556
39,787 110,464 44,508 44,143 50,019 38,277 25,670 16,260 13,386 20,973 29,437 50,345 483,269
2,845
64,348 11269 26,766 6,413 9,680 71,622 17,582 3,413 9,183 1,697 8,V58 223,57§_
560,857 1,638,928 503,421 565,524 227,793 339,234 946,208 207,630 165,122 189,516 126,954 596,382 6,117,569
L I AB I L I T I E S
Net amount of Federal Reserve notes
received from Comptroller
of the Currency
331,056
928,320 275,536 291,114 129,870 228,428 528,483 108,674 89,617 104,938 77,192 333,392 3,426,670
Collatsral received from
Federal reserve bank:
Gold
'
E!igiele paper
187,169. 535,796 182,108 203,501 41,491 112,849 320,433 65,114 58,706 54,372 18,628 203,887 1,934,054
42,632 174,812 45,777 70,909 56,432 47,957 97,292 33,842 16,799 30,156 31,134 59,103 706,845
TOT.AL
560,857 1,6)8,928 503,421565,524 227,793 389,234 946,208 207,630165,122189,516126,954 596,382 6,117,569
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@FedFRASER