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S T A T E M E N T F O R T H E P R E S S Release! for publication F r i d a y morning, April 1 4 ; not earlier. S t .2724. Federal Reserve Board, April 1 J , 1922 . C O N D I T I O N F u c r e a s e R r t h e r o $ f e s e r v e •c i P r i l t h c i n $ B 1 2 o o u f f s o f r a t i o c h i e n e u c 0 0 , . C O O r d ' s w t b y r e i n o t h e e d r a t s . F e < * > 2 , 2 0 0 , 0 0 0 , r e m S r e h r v e s g t o t a l i n d e l p h w e e k M i n $ 1 2 $ 1 0 g f o o D g e p o i l e c a s h a n g e d a g o r k o t e o r $ s , 7 , 3 1 1 , 4 0 0 1 8 p e r , 0 " 0 1 $ , 4 0 0 s u m t h e 0 , 0 c e n t , , $ 2 m r e s e a r y r v r v e s b y C l e v e l a $ 7 , 8 n 0 0 p a p t a h e r o r y 8 T c h k S . b o n . 8 p e r e a s u a n a n g e s s , l i n a s e r c b u i r l e f o r L u o s u l a g h t h 0 r 0 t h e 0 w g $ c e n t , r h 0 w o p e i c h l d c i o n i l e a K d d e , 6 0 0 , 0 0 0 , y T r e a a t 0 a o f d e r e s e r v a n i n $ 2 , 4 0 0 g a e i n e l y b p 0 0 e n t , A s , r e p o l a s w e e k e , s e m a n t a r e s C g i t y s e f r o t a l r v r e s e e a r n e s r v e i n $ a s s e 2 4 0 e 5 * 0 c o m n S A P u U e c u r e d b l l o t h e r r c h n a s e d i t e d S B o n d s T o t a M e O t h e r l d e r a . t a a l d r e B a n k s o e o G o v e r n m e n t o b l i g a t i o n s r e c u r i t i e s , t o t a l t e s t i f i c r e a s u a r y c t e e r t i f i c a t e s e e n t p o d r v e p e o s e p o s i t s s i t s s i t s s e r v e n n t e s i n o d o t e c s i r i n c u c l a i r c t i o u l a t i o n , n e n t l i a b i s s p o a n i n e l r a o n i s m o r e s i t s e m o b e r s ' r c l e t h e r e t e l i t y d a w s e a f r i n g e e k r v h e c r e a i c a g e g a s e o P r a n 0 0 , 0 c , 0 0 e r c e n t , s , a n d $ - b y , 0 1 5 2 , 7 0 e r e b i l i t a g c r e a m p r i l , o f o y 0 f o s e l l o n s i c , 0 0 0 0 t o 0 r y , , s w o r i l l i o 0 . i t e m , V 0 $ r t h e t o 1 5 , 4 b l i a i l a . 0 i t h y e ^ l d c e n t j / ^ e ^ b u r e d e e k d 0 o s , r i s c o 0 w a h f o w a n , s e 0 t s c r e t h e « n a e c i r i n F f f e t h C , 2 0 r n r s ; D o e c r e a s e f d o l l a r s a c e 5 , 1^22 1 5 , -±221 2 ,4 2.5 I n c . I n c . 6 2 6 . 9 6 9 8 . 9 5.9 51.3 29.5 D e e r . 7 1 8 . 5 21,8 D e e r , 8 . 5 D e e r . 4 , 8 D e e r . 1 , 3 2 3 , 6 D e e r . 1 , 5 1 . 0 3 1 2 2 6 . 0 30.2 I n c . 2 3 3 , 3 34.5 I n c . 2 s s i t s r e e S , s n c T total i l l s t e n b e r s 1 t h e r d b U , a n d e p o v e r n m O F i t t a e m G I \ B P y e p a r e d d t p o De cr. Deer. Deer. Deer, Deer. Inc. Inc. t s Discounted bills* s i n i n 2 1 , 4 $ r y f u S a n f Inc, Inc. s g d T h e s d p Inc. 15.7 Deer, Inc, Dec. 1 ,4 3.6 3-1 ♦9 Inc. Inc. 2.2 1.0 fc* CD o r e s e t e f o . , t , o O »-* T l o l d e s e l l e m o r s e S a o r 7 S * 9 s u r t e m t l a l a A t a s F s i t s d s i G u o e c r e a c r e I n o i n n o n - m , 0 , I n T a t h e s e s s a s c l i n - i p a i n e n t a n d e c r e a 0 b d a n t e 0 c n e c k s t h e , 0 i t h l o s e t t l e t i v r t s a 0 y a s c t . s , a s h o w 0 , 0 r i n p a r e d g b , 3 0 t i f i c 1 5 , 1 0 p 1 0 e s o r e g 1 6 6 s h o w d g S s h o w o v e r n m c h i c h e p s h o w $ n i n M i s b e r s ' ' s s e h H r e , e m A t . w a g e t i o G B l d a s m r o , i n i e c r e a i s 0 h k s , , 0 s , c a h s d i n c e n r o u 0 c l i t i e i s s u i n e r d e t c a n 0 t h . e c o m s p , 0 r $ i r e l d r y d c a n e n t t o l y b s h o w i n s e n e t h n o v e r n m b n s t h e , f r v t , 7 , 6 d , 0 0 0 , 0 0 0 a e S g . J s h o w s e n r v 0 * 6 0 0 , 0 0 0 r e $ a r e - b s J J 0 R E S E H V J t $ 3 > 1 0 0 , 0 0 0 t e d k s , o e r e o a n 0 a n 1 n s t o 0 0 e o 0 0 l a t , 0 e n t f $ 3 B , 0 G f s e 0 f o o r e , 0 0 F E D E R A L s t a t e m a n d b O 0 l d , 1 0 s e s i t s , r v o 5 6 o v e r n m s s e ° ^ ^ s n o 0 f > 7 0 0 , 0 0 0 , n s d s d r e $ G c r e a 0 l l a r e a n i n 0 a l d l i s l d , 3 , 4 0 a n d t i o f f i n l f b a n k c h o l y u r Y o i n d c h o e k n n w e w o e n g t i o A u N i a e a p , ^ $ s t h e i n n a i n i f t i n f l y s e x _ d , 2 1 9 2 2 , 9 0 0 , 0 0 0 a c c o a , r e 0 5 O F 3 5 , 7 Dscr. 158,4 I n 1 5 c , 6 . 1 I n c . 48.1 I n c . 4 0 , 5 I n c . 7 . 5 I n c . ,1 D e e r . D a c r . 66s, 2 3 1 . 1 Released for publication Friday morning, a ril 14, 1921; not earlier. St.'272$a. RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED. (In thousands of dollars) S O U R C E S April 1 2 , 1922 Gold and gold certificates . . . Gold settlement fund - F, R. Board Total rold held by “banks . . . Gold Tith Federal Reserve Agents . Gold redemption fund . . . . . . . Total gold reserves 835,714 2 ,0 9 1 ,8 4 4 58,180 2 ,9 8 5 ,7 3 8 Legal tender notes* silver, etc. . Total reserves 326^5 5P S ,3i 2 . . . . . . . B ills discounted: Sec. Toy U .S . Government obligations All other . . . . . . . . . B ills bought in open market . . . . Total bills on hand . . ............... U. S . bonds and notes . . . . . . . U* S . Certificates of indebtedness: One-year certificates (Pittman Act) A ll other . . . . . . u ................ Municipal warrants Total earning assets . . . . . Bank premises . . . ........................... 5i» Redemption fund agains t F, R. Bank notes . . . . . . . . . Uncollected items ................ . . . . A ll other resources « . ................... T0T.-1L RESOURCES 126,283 3 , 112,023 210,656 362,884 93.611 April 5 , 1922 325,955 5 1 9 i.33g 845,287 April 15,1921 327 , 6j r 4 6 6 ,2 7 9 3 ,878 2 ,0 4 6 ,4 7 9 91,435 1,3 4 6,55 8 146,443 2 , 983,201 12 6 >400 2 ,2 3 6 ,8 7 9 19 o . 198 3 ,109,601 2 * 5 5 .0 7 7 240,205 384,689 98,319 1.1 7 5,36 8 119,582 929,126 723,273 227,064 2 ,224,136 87,500 1 ^ 3,876 102 S7.500 1 4 8 ,ISO 245,875 7 ,S 2 h 1 ,1 8 0 ,2 1 4 38,928 1 , 186,135 38,820 2,5 0 3,76 8 21,5 14 7 ,811 546,351 1 6 ,9 53 7 ,74 2 507,586 16.260 618,107 11.892 4 , 902,286 4 ,8 6 6 ,1 4 4 5 ,6 5 2 ,5 2 4 10M 09 215.39S 2 *213 104,005 215,398 2,075 202,036 667,151 261,585 25.933 102 12,166 L I A B I L I T I E S 101,274 Capital paid in . . . . . . . . . Surplus . . . . ............................... Reserved for Gov’ t,. franchise tax Deposits: Government . . . . . . ............... Member bank - reserve account . All other . . . . . . . . . . . 38,634 1 , 726,016 3 5 ,5 I+2 1 , 729,603 _ 3 & * .3 S 1 Total deposits . . . . . . . 1,803,031 ___ 33j£2S 1 ,8 0 4 ,4 4 4 2 ,200,305 2 ,1 9 8 ,0 7 2 1,754,943 2,868,527 82,065 477,258 1 7 ,9 0 7 81,082 443,313 17,755 163,157 507,724 54,833 4 , 302, 2 £o 4 ,8 6 6,14 4 5,6 5 2,52 4 F.R. F.R, notes in actual circulation Bank notes in circulation net liability . ....................... Deferred availability items . . All other liabilities . . . . . TOTAL' LIABILITIES Ratio of total reserves to deposit and F.R. note liabilities combined . ... 77.756 7 7 . 7$ 3 1 ,H 7 1,685,503 . 38^23 53*7$ Released for publication Friday morning, April 14, 1922; not earlier. S t. 27 24b. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS APRIL 12, 1922^ s (In thousands of dollars) Federal Reserve Bank of 12S695 Gold and gold certificates Gold settlement fund - F. R. Board C1 l 8Ve* RiCh‘ Atlanta 0:11 caS° St.Louis M i m . Kans.Gy. Dallas San Fran. I Total gold held by banks Gold with F. R. Agents Gold redemption fund 1 2 f ^ ’ f i T O l i o : o q o , ; 3 5 ? 3 7 7 3 % 6 , 3 T g 5 3 1 9 9 , 5 1 , 7 5 0 , ^ 0 7 l U 5 . O ' c« T y . 3 6 f c g , 7 0 1 ^ 3 2 7 , n u , ^ 2 1 8 0 , 1 6 . S S 8 1 2 0 Total 3 2 6,3^ 5 509,369 3Z 835.714 5 l j , 6 7 9 5 , 5 8 2 ,0 9 1 ,8 4 4 7 58,180 Total gold reserves Legal tender notes, silver, etc. a z 'g S ------------1 S 5 Total reserves 5 2l1 ' 397 ---------------- 2 9 i 0 6 6 _ 6 , 6 8 2 2 2 U . g l t U 1 2 . 7 0 91,372 8 70,672 1 6 . < ) > M “ O.BSlt 363,628 2> °S5 j 738 72-» 9 6 2 8 6 , 1 6 7 ■ S S 2 7 6 , 1 5 9 126,285 210,656 l i 1 0 1 , 7 i i i L l - l l I S 1 : 1 a s s a s & 6 5 4 6 , 3 6 6 U. S- bonds and notes 4 6 7 8 , 0 9 4 1 7 , 7 3 4 6 3 , 6 8 2 , 4 7 7 , 4 5 0 2 , 6 2 4 Municipal warrants 7 8 , 8 2 6 , 5 0 5 5 - , 5 0 8 , 0 1 4 8 0 2 5 , 0 0 2 6 - Total earning assets 7 4 6 , 0 1 8 0 0 7 1 , 6 1,233 2 3 , 5 6 U4 7 ,1 9 9 0 31 32,136 11,048 5 ,17 3 8,667 47,340 3,571 4 ,000 9,968 3,3 2 1 31,4 74 4 , 3 2 1 4 , 3 8 2 , 6 1 6 1 , 9 5,923 0 4 i 2 , 9 1 7 6 2 5 4 1 0 3 , 9 4 0 1 1 3 , 3 2 8 Bank premises 5 , 0 Redemption fund against F. R. Banknotes 5 3 7 , 6 4 2 2 Uncollected items 5 6 A ll other resources , 8 5 5 6 4 7 3 5 2 , 2 7 7 , 2 1 , 1 3 6 1 1 8 , 3 2 3 3 1 3 5 5 0 , 2 8 6 0 0 , 8 7 0 0 4 6 3 , 2 9 4 4 , 8 7 8 4 0 3 ; 5 8 5 , 5 5 2 1 7 5 3 9 5 1 , 7 1 , 0 3 , 6 , 1 5 0 7 6 6 7 5 1 , 4 0 0 2 6 1 , 5 5 , 3 3 2 8 2 0 8 1 6 1 0 2 , 6 9 5 4 , 5 8 2 5 0 - S s 5 . 5 6 2 1 1 1 5 3 4 U . S. Certificates of indebtedness: One-year certificates (Pittman Ac All other , 3 1^.316 21,0 19 11,031 Total b ills on hand TOTAL RESOURCES 7 3 ,1 1 2 ,0 2 3 B ills discounted: Secured by U .S.G o vt, obligations All other B ills bought in open market % a ’ S66 121,050 U56,383 _ 6 > 2 [ S 2 6 1 9 4 2 6 , 8 4 9 7 0 , 6 1 5 2 , 5 7 4 9 , 8 1 , 2 1 1 8 8 * * 5 , 3 2 6 0 1 8 0 2 , 6 7 . 3 4 6 8 2 1 , 8 2 0 8 2 0 8 , 0 9 6 1 4 4 3 9 , 4 7 1 5 0 6 7 2 5 1 3 , 7 3 9 1 . 3 4 5 6 4 6 , 9 , 5 3 7 3 9 , 2 2 3 1 , 2 1 9 , 0 7 1 3 \J 4 7 3 3 , 5 6 2 1 2 0 , 8 7 6 1 0 2 1 ,1 8 0 ,2 1 4 6 2,089 938 38,928 2 0 4 916 146 279 7 ,8 1 1 , 4 4 1 1 , 2 6 0 6 2 5 , 3 7 , 5 0 3 4,900 9 2 3 5 0 5 1 4 9 0 1 7 9 0 1 5 2 1 9 6 8 1 8 546,351 814 2,003 5.302 16,959 4 ,9 0 2 ,2 8 6 Released for publication Friday K.ornin~ ^.pr. 14, 1922 , not earlier. RESOURCES AL® LIABILITIES OF TH..1 FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS APRIL 12, 1Q22. St,2724c. (In thousands of dollars) L 1 A B I L I T I E S Federal Reserve B a n k Boston l S27 102 hg 1 g ^7 Cj? Vc iP Rl^h* nAtl^ d' CMc<i=0 St.Louis Minn.' Kans.Cy. ’ Dallas San Fran. Total Capital paid in 7 ,969 ik zZ i l ' ZV 1 1 ‘ 512 5,520 4,241 14,487 4,633 3,5 77 4616 4 204 7 ^Q1 104,109 Surplus 16,483 60,197 17,045 22,509 11,0 1-1 30 — — *+,c;uh ^,331 9,114 29,025 9,328 7.4£s 9,646 7,394 15 ,19 9 Reserved for Govt, franchise tax 215,393 188 513 248 421 375 83 242 143 2,213 Deposits: Government 3,694 9,260 3 ,1 2 1 954 2,139 3,367 3,376 1,871 1,890 1,739 2,022 4,701 33,634 Member bank - reserve account 112,703 696,978 101,896 133,547 53,648 46,902 235,365 64,043 43,596 69,813 4 5,334 12 2 ,19 1 1,7 2 6;01 6 A ll other 625 10,538 1 ,3 8 1 1 ,1 1 5 339 Total deposits F. S . notes in actual circulation F . R« Bank notes in circulation net lia b ilit y Deferred availability itoc.s All other lia bilities 2,369 696 391 6 11 51,056 241,110 66,610 4^,£-77 72,163 4 7 ,6 11 146,666 1 , 803,031 92,190 110,752 375,223 77,641 52,244 61,922 27,175 2 17,6 7 1 2 , 200,305 8,414 54,596 3,366 31,174 3 ,5 8 4 4,091 667 9,615 33,922 2 ,S 22 22,528 755 1,789 117,022 716,776 106,39s 135,616 56,126 157,278 625,426 198,719 204,064 7,758 44,623 19,918 96,778 956 3 ,5 8 4 7 , 9 2 3 44,526 816 5 ,6 14 46,236 1,293 2,8 6 l 39,166 £26 287 5,794 17,367 726 TOTAL LIABILITIES 12,368 965 255 19 ,774 4,336 33,914 1,43 2 38,381 82,065 4 77 , 25s 17,907 352,277 1 , 550,294 385,552 426,849 208,096 199,471 726,946 193^ 5 6 2 ^ 6 7 3 2 5 192,732 113,523 426,609 4 , 902~2 S6 Ratio of total reserves to deposit and F. S . note liabilities combined, per cent 75.6 86.2 7 6 .4 Contingent lia b ility on b ills purchased for foreign correspondents 2,714 13,695 2,975 7 5 .2 3,0 4 9 6 0 .1 1,822 7 7.9 1,339 7 6 .1 4,425 7 5 .1 7 2 .7 1 , 74 S 58.6 1,004 62.5 1,78 5 367 74.0 1 ,7 1 0 7 7 . 7 37,233 irTSDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F . R, notes outstanding R* notes held by banks R* notes in actual circulation Bills discounted B ills bought in open Eaarket U* S. Certificates of indebtedness Municipal m rrants 167,687 10,409 157,278 214,681 219,241 -H 3 i 422 15,962 15,177 6 25,426193,71920 4,0 64 98,630 115,232 408,056 6,440 4 ,480 32,833 90,632 12,991 92,190 110,752 375,223 77,641 54,648 2,404 52,244 70,950 9,028 61,922 30,197 254,051 2 532 85^ 3,C g2 36,380 ’ 332 2 7 ,17 5 2 17 ,6 7 12 ,2 0 0 ,3 0 5 ^DISTRIBUTION OF BILLS, U. S, CERTIFICATES OF INDEBTEDNESS AND MUNICIPAL WARRANTS BY MATURITIES 16 ^ 30 days 31 to 60 cUys6 l to 90 days Over 30 days 303,151 66,160 104,975 64,076 35,178 3 5 ,9 7 20,997 15,217 1,239 * 2,000 500 40,229 204,533 u 51 - Total • • 573,540 9 3 ,6 11 251,376 102 Released for publication Friday aom ing, April lU, 1922 ; not earlier. st.2?24d. F'fcDMiAL BES1 KVE AGENTS* ACCOUNTS AT CLOSE OFJOSINFSS APRIL 12 , 1922 . (in thousands of dollars) Ag6nt at H K S O S I C I S ***** Boston New Yo* Federal Reserve notes on hand 113,650 Federal Reserve notes outstanding 167,627 Collateral security for Federal Reserve notes outstanding: Gold and gold certificates 5.300 Gold redemption fund _?-°>350 Gold fe*C m S 6*Sfd 110,000 Eligible paper Amount required Excess amount held Cleve. * * * • Atlanta Chicago Sfc.Louis *»». JCaas.Cy. 304,570 1*3,020 fig, 800 27 ,*i2 «* 7k Idl S0 S,S4g 214,631 219,241 Qg gxo l U ??p AA>»0 « 356.S25 13*575 42,176 12,444 13,128 3,921 371,000 141,389 165,000 37,795 > • 2 . 0 3 7 3 8 “* . 3 2 9 5 3 , 7 . 8 ^ 1 3 S o . g U 6 . 5 6 g 2 7 , 7 3 8 5 6 . S J . U 6 3 5 , 8 7 7 s , i * 5 5 ___ 2,400 2,603 77,500 3 2 . 7 2 9 9 , 5 6 0 26,290 90,632 14,796 fOffiL H A B U I T a l l a s B a n F r a n . T o t a l 11,805 21,100 20,105 50,930 321,916 54,648 70,950 30,197 25^,051 2 , 532,353 5,960 13,052 3,910 2.777 66,300 16,000 3,754 39.360 21,636 4,567 27.£36 5.054 15.095 10,352 D 6,701 403.713 2,197 14,946 127,002 10,000 190,641 1,561,129 213,366 125,668 168,054 103.524 564,goo 6,092,210 ~i:........ I E S Net amount of Federal Reserve notes received frons Comptroller of the Currency 231.337 1 .113 .41S 257.701 2 Mg , 041 1 2 6 ,1 5 5 139,423 507.976 116 ,3 3 2 66,1*53 92,050 350,440 94,436 32,962 26,253 50,302 305,031 3 ,354,769 Collateral received from Federal Reserve Bank: G o l d E l i g i b l e p a p e r T O T A L 92,560 *§5*^3 191,503 67,216 63,615 41,716 65,409 32,503 42,289 453,353 1,576.079 473:750 503,159 233,230 314,215 75,537 25,947 4l 114 13,393 205,587 2, 091,344 32^390 34,334 54,132 645,597 952,902 2X3,366 125,66s 163,054 103,534 564,300 6,092,210
@FedFRASER