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STATS?CENT FOE THE PRESS Released f o r p u b l i c a t i o n Friday morning, A p r i l 17; not e a r l i e r . St. 4497 Federal Reserve Board, April l 6 , 1925* CONDITION OF FEDERAL RESERVE BANKS 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 the Federal r e s e r v e banks on April 15, made p u b l i c by the Federal Reserve Board, shows an i n c r e a s e of $4,000,000 i n holdings of discounted b i l l s and d e c r e a s e s of $ 3 6 , 6 0 0 , 0 0 0 i n acceptances purchased, i n open market and of $ 4 , 4 0 0 , 0 0 0 i n Government s e c u r i t i e s , w i t h t h e r e s u l t that t o t a l earning a s s e t s show a r e d u c t i o n of $ 3 7 , 3 0 0 , 0 0 0 . Federal r e s e r v e n o t e c i r c u l a t i o n f e l l o f f $ 1 6 , 1 0 0 , 0 0 0 w h i l e o.ash r e s e r v e s increased by. $ 8 , 9 0 0 , 0 0 0 and nonr e s e r v e .cash by $ 2 , 4 0 0 , 0 0 0 . I n c r e a s e s in h o l d i n g s of discounted b i l l s are reported by a l l r e s e r v e banks, except Boston, New York and Chicago, the l a r g e s t i n c r e a s e , $ 1 4 , 3 0 0 , 0 0 0 i s reported by the Cleveland bank and the l a r g e s t d e c r e a s e s , $ 1 3 , 2 0 0 , 0 0 0 and $10,500,000, by the New York and Chicago banks r e s p e c t i v e l y . Eight of t h e r e s e r v e banks show s m a l l e r h o l d i n g s of acceptances bought i n the open market, t h e p r i n c i p a l r e d u c t i o n s being as f o l l o w s : New York, $26,000,000J Boston, $ 4 , 0 0 0 , 0 0 0 ; and Chicago, $ 3 , 7 0 0 , 0 0 0 . Nominal i n c r e a s e s are reported by four of the r e s e r v e banks. The System's h o l d i n g s of United S t a t e s bonds went up $ 2 , 3 0 0 , 0 0 0 , w h i l e h o l d i n g s of United S t a t e s Treasury n o t e s f e l l o f f $ 5 , 4 0 0 , 0 0 0 and of c e r t i f i c a t e s of indebtedness $ 1 , 3 0 0 , 0 0 0 . Ten of the r e s e r v e banks show small i n c r e a s e s i n t o t a l h o l d i n g s of United S t a t e s s e c u r i t i e s , a g g r e g a t i n g $ 4 , 0 0 0 , 0 0 0 , w h i l e the New York bank r e p o r t s a reduction of $ 8 , 3 0 0 , 0 0 0 . All Federal r e s e r v e banks except Cleveland and San Francisco report reductions i n t h e i r Federal r e s e r v e n o t e c i r c u l a t i o n . The p r i n c i p a l d e c r e a s e s are, New York, $6,000,000 and P h i l a d e l p h i a , $ 3 , 3 0 0 , 0 0 0 , while the i n c r e a s e for t h e San Francisco bank i s $ 1 , 7 0 0 , 0 0 0 . A summary of changes i n the 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 during the week and the year ending April 15, 1925, f a l l o w s : Increase or decrease d.ur ing Year Week Total r e s e r v e s , Gold r e s e r v e s + $8,900,000 + 5,100,000 - $219,800,000 - 260,400,000 Total earning a s s e t s . ... . . . . . . . B i l l s discounted, t o t a l . . . . . . Secured by U. S. Gov't, o b l i g a t i o n s Other b i l l s d i s c o u n t e d - 37,300,000 + 4,000,000 + + 126,400,000 74,300,000 15,700,000 90,000,000 - 36,600,000 + 97,400,000 - 4,400,000 4- 91,200,000 - 5,400,000 + + Federal Reserve Yiotes i n c i r c u l a t i o n . - 16,100,000 - 268,300,000 Total d e p o s i t s Members' r e s e r v e d e p o s i t s Government d e p o s i t s . . . Other d e p o s i t s + 21,000,000 + 700,000 + 15,200,000 + 5,100,000 + + 196,400,000 200,600,000 12,600,000 B i l l s bought i n open market . . . . U. S. Government s e c u r i t i e s , t o t a l . Bond s Treasury n o t e s . . . C e r t i f i c a t e s of indebtedness . . . + 13,500,000 - 9,500.000 + - 2,300,000 1,300,000 + 66,000,000 51,500,000 26,300,000 8,400,000 St» 4497 a Beleasad f o r p u b l i c a t i o n Friday morning, April 17, 1925. EESOUECES AND LIABILITIES OF THE TWELVE FEDEEAL BESEBVE BANE'S COMBINED ( i n thousands of d o l l a r s ) Apr. 15, 1925 Apr. g, 192$ Apr. 16,192*+ EESOUECES Gold w i t h Federal r e s e r v e agents . . . . Gold redemption fund w i t h U. S. Treasury Gold hold e x c l u s i v e l y a g a i n s t F . B . n o t e s Gold s e t t l e m e n t fund w i t h F. E. Board Gold and gold c e r t i f i c a t e s held by banks Total r e s e r v e s Non-reserve c a s h B i l l s discounted: Sec. bjr U. S. Government o b l i g a t i o n s Other b i l l s d iscounted Total b i l l s d i s c o u n t e d . . . . . . . B i l l s bought i n open market U. S. Government s e c u r i t i e s : B ond s . * • • • • Treasury n o t e 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 Total earning a s s e t s 5$ Bademption fund - F. E. Bank n o t e s TOTAL EESOUECES * . 1,554,000 54,419 1,513,503 50,428 1,997,364 56,715 1,608,419 1,563,931 2,054,079 637,009 599,055 692,776 582,675 671,222 379,585 2,844,483 141,044. 2,839,382 137,226 3,104,886 100,464 2,985,527 2,976,608 3,205,290 56,630 54,215 48,750 206,132 189,170 192,600 198,689 190,419 279,151 395,302 274,058 391,289 310,685 469,570 84,896 244,780 28,156 82,631 250,177 29,432 18,855 193,327 54,485 357,832 362,240 266,667 10,500 1,652 1,039,344 10,500 . 176,680 - 1,902 51 1,076,616 912,968 - 28 786,206 59,241 22,257 602,618 53,567 20,998 713,559 56,164 4,949,205 4,790,022 4,958,561 1,698,090 1,714,161 - 1,966,349 356 2,141,443 37,027 29,476 2,140,760 21,878 24,340 1,940,810 49,711 21,064 2,207,946 2,186,978 2,011,585 698,694 il4,586 217,837 544,276 12,052 114,481 217,837 12,289 634,333 110,869 220,915 14,154 4,949,205 4,790,022 4,958,561 21,802 L I A B I L I T I E S F. E. n o t e s i n a c t u a l c i r c u l a t i o n . . . F. B. Bank n o t e s i n c i r c u l a t i o n - tiet . 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 All other l i a b i l i t i e s TOTAL LIABILITIES - l a t i c of t o t a l r e s e r v e s to d e p o s i t and. F. B. note l i a b i l i t i e s combined . . . 76.4$ 76.3$ 80.6$ 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 44,897 45,281 17,343 C. Pel eased f o r p u b l i c a t i o n Friday morning, A p r i l 17, 1925 > not earlier*^,....... St., 4497b RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANK'S AT CLOSE OF BUSINESS, APRIL 15, 1925. B E S O U R C E S ( i n thousands of d o l l a r s ) Federal Reserve Bank of Boston New York P h i l a . CI eve. Rich. A t l a n t a Chicago S t . Louis Minn. Kans.Cy. D a l l a s San Fran. Total Gold w i t h Federal Reserve Agents 174,593 331,612 135,228 1 7 0 , 0 9 3 4 5 , 7 7 0 1 3 5 , 7 7 6 1 3 5 , 5 5 0 46,856 67,204 5 6 , 5 4 6 39,999 214,773 1 , 5 5 4 , 0 0 0 Gold redemption fund w i t h U . S . T r e a s . 7,418 12,398 9,547 2,123 3,802 2,466 4,911 5,005 425 2,934 1.6l8 1,772 54,419 Gold held e x c l u s i v e l y a g a i n s t F. R. n o t e s Gold s e t t l e m e n t fund w i t h F.R.Board Gold and gold c e r t i f . held by banks Total eold r e s e r v e s Reserves o t h e r than gold Total r e s e r v e s Non-reserve cash 182,011 44,]4l 28,934 344,010 1 4 4 , 7 7 5 1 7 2 , 2 1 6 2 2 2 , 9 8 2 4 9 , 0 8 8 60,987 322,754 21,559 3 2 , 8 4 4 49,572 138,242 l 4 o , 4 6 l 18,465 6 , 0 0 3 105,199 2 2 , 0 2 2 1 0 , 2 5 2 100,409 51,861 17,092 11,285 67,629 14,598 6,853 59,480 45,763 3,784 4 i , 6 l 7 216,545 1,608,419 22,279 3 0 , 2 1 2 637,009 9,571 28,785 599,055 255,286 889,746 2 1 5 , 4 2 2 266,047 9 0 , 0 5 9 154,497 3 4 6 , 0 6 9 80,238 89,080 109,027 7 3 , 4 6 7 275,545 2 , 8 4 4 , 4 8 3 15,694 270,980 32,660 4,958 8,988 922,406 220,380 275,035 3,980 14,968 15,481 2,037 3,806 3,709 4,516 17,140 15,744 74,792 4i,003 22,372 15,400 34,034 17,237 12,066 28,586 T o t a l b i l l s discounted 32,884 37,773 B i l l s bought in open market U. S. Government s e c u r i t i e s : Bonds Treasury n o t e s C e r t i f i c a t e s of i n d e b t e d n e s s 35,303 115,795 57,504 51,271 28,507 2,662 14,868 3,887 12,460 85,682 5,067 1,416 22,950 21,417 103,209 24,706 1,050 1,400 Total U. S. Govt, s e c u r i t i e s 3,055 Foreign l o a n s on gold All other earning a s s e t s Total earning a s s e t s U n c o l l e c t e d items S f o t i e f resources TOTAL RESOURCES 89,604 72,817 M 6 6 279,563 196,929 ^978 19,936 9 4 , 0 3 9 169,465 3 6 4 , 8 9 4 100,174 5,476 ^ S e c u r e d °b 3^U?S."Govt, o b l i g a t i o n s other b i l l s discounted 18,825 3,571 9 0 , 9 9 3 112,598 9,560 5,991 141,044 83,027 281,536 2,985,527 3,929 1,532 2,269 2,549 3,405 56,630 3,078 15,819 21,059 ' 5,919 18,343 9.5Q9 2,268 4,161 1,122 5,089 152 1,647 12,130 16,632 206,132 189,170 40,652 12,024 18,897 13,074 39,402 35,910 15,428 6,429 8,258 6,211 12,741 1,799 8,666 28,762 26,540 395,302 274,058 11,000 22,738 6,194 1,408 1,903 75 1,901 1,381 1,097 21,649 29,451 2,268 1,649 7,251 397 8,764 10,184 13,252 11,109 3,121 26,033 5,597 84,896 244,780 28,156 39,932 1,208 3,386 609 4,379 462 53,368 1,564 9,297 525 17,346 368 34,751 798 2 25,693 462 250 357,832 10,500 1,652 8 9 , 1 2 5 120,918 74,558 7 5 , 0 4 2 56,671 64,823 36,584 4i,215 32,403 16,344 45,357 4l,ll4 31,212 27,734 ^376 '5°6 1:690 24,197 340 **360 ^243 ^ 379 7,921 1,913 36,812 130,244 35,171 95,859 g.'gS W31 11,334 8,162 420 2,257 8,682 557 20,348 399 90,851 1,039,344 44,600 786,206 4^52 22:257 443,133 1,436,927 387,572 482,617 222,267 251,638 608,348 186,362 147,694 206,084 148,045 428,518 4,949,205 xon Friday morning, April 17, 1925; not e a r l i e r . St. 44y/c •RESOURCES AM) LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, APRIL 15, 1925« f e d e r a l Reserve Bank of 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 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 Capital paid i n Surplus All other l i a b i l i t i e s TOTAL LIABILITIES S 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. R. note l i a b i l i t i e s combined, per cent Boston 207,690 L I A B I L I T I E S ( i n thousands of d o l l a r s ) New York P h i l a . Cleve. 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 342,070 1 5 3 , 3 2 7 1 9 6 , 5 5 2 75,357 142,011 1 6 3 , 8 6 2 49, 201 64,892 6 4 , 4 4 i 4 3 , 4 1 0 195,277 1 , 6 9 8 , 0 9 0 138,715 1,943 146 8 1 2 , 9 0 0 132,475 178,873 7,567 4,324 3,195 16,52b 452 1,112 66,266 3,06l 208 67,606 308,503 140,804 836,993 137,251 183,180 69,535 6 9 , 7 1 5 312,976 164,397 59,000 5,967 11,701 707 25,693 64.9 80.0 69,705 8,050 .16,382 31,343 58,749 502 3,375 65,386 66,389 11,150 20,059 12,958 22,462 399 1,076 1,615 494 4,613 2,045 2,428 8b,019 15,504 77,617 55,490 87,145 305 64i 60,010 155,843 2 , 1 4 1 , 4 4 3 1,660 4,454 37,027 188 6,160 29,476 81,698 57,052 90,427 61,858 166,457 2,207,946 39,935 14,060 3,252 3 7,505 4,295 30,342 4,213 3,265 1,257 816 5,104 2,64i 42,263 8,137 698,694 114,586 l-M 8 7 '&7 ' ^ -&8 1 443,133 1 , 4 3 6 , 9 2 7 387,572 482,617 222,267 251,638 6 0 8 , 3 4 8 186,362 147,694 206,084 148,045 428,518 4 , 9 4 9 , 2 0 5 77.8 78.2 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 75*8 72.4 7 76.5 76.5 74.6 72.7 12,037 4,635 5,330 2,688 2,039 6,906 2,317 1,622 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F. R. n o t e s o u t s t a n d i n g F. R. notes held by banks 234,330 26,640 133:1° % 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 207,690 342,070 153,327 196,552 75,357 142,011 163,862 g:§7 S 1 : 8 ; 6 7 49,201 64,892 2 ;$ 78.9 77.8 3,523 76.4 2,039 l,76l 44,897 7 35,590 ,590 U% 48,740 5,330 239,837 2 , 0 2 5 , 3 6 1 44,560 327,271 64,44i 43,410 195,277 1,698,090 DISTRIBUTION OF BILLS, MUNICIPAL WARRANTS AND U. S. CERTIFICATES OF INDEBTEDNESS 3Y MATURITIES ^ i t h i n 15 days B i l l s discounted B i l l s bought i n open market C e r t i f i c a t e s c f indebtedness Municipal warrants 1 = : | 16 t o 30 days 51:«3 2 ~ - 7 31 t c 60 days 6 l t c 90 days -rem 91 days t c b months 3 I I S - Over 6 months - 12,087 - ^otal i735 14,730 - 28,156 2 Bel eased f o r p u b l i c a t i o n Friday morning, April 17, 1925 J net e a r l i e r . St. UUgjci. FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, APRIL 15, 1925. ( i n thousands of d o l l a r s ) Federal Reserve Agent at Boston New York Fbila. CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans,Cy. D a l l a s San Fran. Total 318,540 5 0 , 4 5 0 4 8 , 8 0 0 476,050 187,005 215,506 22,454 6 0 , 8 4 ] 268,537 8 8 , 9 9 4 162,712 1 7 5 , 0 9 3 25,660 55,666 21,767 67,838 25,373 73,590 22,672 6 l , 9 0 0 982,046 4 8 , 7 4 0 239,837 2 , 0 2 5 , 3 6 1 186,698 6,000 8,780 28,914 13,839 11,313 116,000 115,389 150,000 5,000 4,475 6,776 4,906 41,295 124,000 130,644 11,975 2,831 32,000 13,052 1,652 52,500 4,186 52,3o0 l6,0ll 277,316 3,988 18,795 117,518 20,000 195,978 1 , 1 5 9 , 1 6 6 144,438 13,818 43,254 7,792 8,810 16,651 634 13,795 17,044 1,738 RESOURCE-S Federal Reserve n o t e s on hand 52,050 Federal Reserve n o t e s outstanding 2 3 4 , 3 3 0 C o l l a t e r a l s e c u r i t y f o r Federal Reserve n o t e s outstanding*. Gold and gold c e r t i f i c a t e s 29,800 Gold redemption fund 15,793 Gold f u n d . - F. R. Board 129,000 E l i g i b l e paper Amount required 59,737 Excess amount held 8,450 TOTAL 51,777 2,438 45,413 34,215 26,936 3,812 39,543 35,515 8,741 1,626 25,064 29,802 471,361 169,652 529,160 1 , 2 8 4 , 4 5 8 426,898 514,027 208,234 390,079 654,238 153,643 171,238 1 7 7 , 2 9 1 121,778 571,376 5 , 2 0 2 , 4 2 0 L I A B I L I T I E S Net amount of Federal Reserve n o t e s received from Comptroller of t h e Currency 286,350 794,590 237,455 264,306 111,448 223,555 4 4 3 , 6 3 0 81,326 89,605 101,963 7 1 , 4 1 2 301,737 3 , 0 0 7 , 4 0 7 C o l l a t e r a l r e c e i v e d from Federal r e s e r v e bank: Gold E l i g i b l e paper 3 3 1 , 6 1 2 135,228 170,093 158,256 54,215 7 9 , 6 2 8 46,856 25,461 67,204 14,429 3 9 , 9 9 9 214,773 1 , 5 5 4 , 0 0 0 10,367 54,866 641,013 TOTAL 174,593 68,187 4 5 , 7 7 0 135,776 1 3 5 , 5 5 0 51,016 30,748 7 5 , 0 5 8 56,546 18,782 5 2 9 , 1 6 0 1,284,458 426,898 514,027 208,234 390,079 6 5 4 , 2 3 s 153,643 171,238 177,291 121,778 571,376 5 , 2 0 2 , 4 2 0
@FedFRASER