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)
STATEMENT FOR TEE PRESS
St.4o3S
Federal Reserva Board,
April 24, 1924.
Released for publication
Friday roorni~g, Apr. 25;
not earlier.
I
CONDITION OF FEDERAL RESERVE BAN"J:.S
r
I·
The consolidated statement of condition of tha Federal reserve banks on
April 23, 1924, made public by the Federal Reserve Board, shows a further reduction
of $25,4oO,OOO in earning assets, a decline of $36,300,000 in holdings of acceptanr.es
purchased in open rr1arket being :partly offset by increases of $7,600,000 in Government securities and of $3,300,000 in disr.ounted bills. Federal reserve note circulation declined by $25,500,000 and d~osit liabilities by $10,700,000, while r.ash
reserves increased by $9,500,000.
A further decrease of $1},600,000 in holdings of disr.ounted bills is r~orted
by the New York reserve bank, Cleveland shows a decline of $5,600,000, while San
Francisco reports an increase of $10,000,000, Atlanta an increase of $7,500,000,
and Richmond an increase of $4,300,000. Paper secured by U. S. Government obligations declined by $2,500,000 to $137,900,000. Of the latter arr;ount, $124,700,000
was secured by Liberty and other U. S. bonds, $52,000,000 by Treasury notes, and
$11,300,000 by certifi~~tes of indebtedness,
All Federal reserve banks show smaller holdings of acceptances purr.hased in
open market, except Atlanta and St. louis which report nominal increases. The
New York bank shows a reduction of $26,300,000 in this item. An increase of
$7,600,000 in Government security ~oldings is shown for the week. all banks exr.ept
those of Richmond and St. louis participating in the inl~rease.
f'
I
Federal reserve note cir~ulation de~lined by $25,500,000, the Philadelphia
and Chicago ban~s reporting decreases of $9,900,000 and $8,300,000, respectively.
.Gold reserves increased by $9,000,000 during tha week, a net increase of $50,6o0,000
beins shown for the New York reserve bank. Reserves other than gold increased by
$500,000, and Non-reserve cash by $2,900,000.
A sumrr:ary of changes in the principal assets and liabili tias of the reserve
bani:s during the week and the year ending April 23, 1924, follows:
Increase or decrease during
•
i
I
~
_ __
~eek__
__Y:..;e~a::::r:.,._
Tctal reserves •
Gold reserves
+ $9,500 ,ooo
+ 9,000,000
+ $35,.300,000
+ 29,300,000
Total earning assets . .
•.
:Sills discounted, total • . . . . . . •
Secured by U.. S. Government obligations
Other bills discounted , .
- 25,400,000
+ 3,300,000
- 2,500,000
+ 5,800,000
- 216,900,000
163,800,0CO
- 152,000 ,oco
'
11~300,000
:Sills boubht in open market
- 36,300,000
- l33,6oO,OOC
U. S. Government securities, to tal • •
+
+
+ 7,300,000
200,000
80 t 500,000
9,000,000
+ 72,100,000
+ l 7 , 400 '000
Fed2ral Tieserve notes in circulation •
-25,500,000
- 231,1300,000
To tal deposits
. . . . . • . . ,
I1lembers 1 reserve deposits
Government deposits • • . • . . . .
Other deposits • • • . •.
-10,700,000
- 5,700,000
- 5,100,000
+
lOO,OOO
+
Bonds • . • • . . . . . . . . . . . .
Treasury notes • • , . . . . . . .
Certificates of indebtedness • . .
'IT.
7,600,000
92,300,000
+ 81 '200 ,coo
+
9,900,000
+ 1,200,000
f{)\ N. '·
J
Raleased for publication Friday morning. A~ril 25, 1924.
St. 40JSa,
RESOURCES AND LIABILITIES
OF THE TV.ELVE FEDEBAL RESE:RVE BANKS COMBINED
(In thousands of dollars)
'
Apr. 23, 1924 Apr. 16, 1924 Apr. 25, 1921
RESOURCES
Gold with Federal reserve agents • • •
Gold redemption fund with u. s. Treasury
Gold held exclusively against F.R.notes
Gold settlement fund with F. R. Board •
Gold and gold certificates held by banks
Total gold reserves . • • . • . • • .
Reserves other than gold •
Total reserves •
Non-reserve cash • - • • . •
• • •
Bills discounted:
5dc. by U. S, Government obligations •
Other bills discounted • •
• ,
..
f
I
)
I
f
, w "'
~otal
bills discounted • • •
Bills ~~ht in open market
U. S. Government securities:
Bond.s • • , •
. ..
. - . • . .
Treasury notes , • • • • • • . . . . .
Certificates of indebtedness • • . .
Total U. S. Government securities •
All other earning assets • • • . • • • •
Total earning assets • • • • .•
5% Redemption fund - F. R. Bank notes •
~·"'Uncollected items • • . • • • • . •
Bank premises • . . . .
• , . . • .
All other resources· . • • . • • • . . •
TOTP:L RESOURCES •
. . .. .
2.047,470
55,971
2,103.441
. 100,937
3,214,827
51,624
1,997.364
56, 715
2,054,079
671,222
379,585
3.104,886
_100,4o4
3,205,290
48,750
187,914
_284.9?9
472,843
140,424
190,419
279,151
469,570
176,680
623,182
_}[L.,_g§I
3,113,890
18,892
201,158
54,245
274,295
2,007. 555
57,562
2.065.117
695,630
323,8~
3,084,569
94,47}
3.119,042
70,691
339,880
'296, 717
636,597
274,041
181855
193.327
54,485
266,667
51
912,968
28
51
837,613
28
611,729
56,430
22,114
---
4.844,415
4.958,561
1§~:~~~
21,802
-
27.939
*129,091
36,780
193,810
41
1,104,489
191
---
622,644
49.945
14,065
5,041,067
L I AB I L I T I E S
F.R. notes in actual circulation ••
F.R. Bank notes in circulation - net
..
Deposits:
Member bank - reserve account ••
Government , • • • • • •
• •
Other deposits • . • . • .
Tot&l deposits •••
Deferred availability items
Capital paid in • • . • • •
..
Surplus • . . . . . .. . . . . • . . . .
All other liabilities . • . • • • .
TOTAL LIABILITIES • • ,
•
•
1,94o,821
350
1,935,113
44,567
21,176
2,000,856
556,051
110,865
220,915
14,557
1,940,810
49,711
21,064
1,853,935
34, (92
19,916
2,011,585
634,333
110,869
220,915
14,154
1, 903 '543
4,344,415
4,958,561
5,041,o67
Ratio of total resarves to derosit and
F. R. note Uabil ities combined • •
Continbent liaoility on bills purchasad
for foreign correspondents • • • • • .
2, 222,588
2,237
17,276
564,398
108,657
218.369
16,025
80.6%
77.0%
17,343
33,085
*Including Victory
not~.
St. 4038b.
leaaed for publication Friday morning, April 25, 1924; not earliar.
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AS AT CLOSE OF BUSINESS, APRIL 23, 1924.
RESOURCES
(In thousands of dollars)
Federal 'Reserve Bank of
Bostcn New York Phila.
Cleve. Rich. Atlanta Chicago St.Louis .Minn. Kans.Cy. Dallas San Fran. Total
ld with Federal Res~rve Agents
195,367 585,695 188,382 204,338 38,130 113,663 300.311 63,762 58,596 53,449 26,787 218,990 2,047,470
ld redemption fund with U.S.Treas.
7,817
9,187 6,864
3,303
5,969 _j_J_Q7
6,972
3,109
1,4]8
3, 717
1,876 2,372
55,971
Gold held exclusively ag~
F. R. notes
ld settlement fund with F.R.Board
old and gold cert if. held by banks
· Total gold reserves
28,663 221,362 2,103,441
623,182
15,175 36,1}8
10,447 28,405
387,267
77.772 89.736
1,341
3,997
54,285 285,905 3,113,890
594,882 195,246 207,641 44,099 116,970 307,283 66,8 71 60,074
8,166
207,089 26,842 78,240 25,406 9' 115 112,156 l3,6s6
6,026
7,064
9,532
189,603 40, 78b 12,583
7' 107 53,655
283,842
991,574 262,874 298,464
26,628
2,617
5,505
othar than gold
Res~rves
57,166
28,891
3,6?3
203,184
62,278
18,380
9,523
75,531 133,192 473,094 87,621
4,954 10,825 9,6oo 15,063
293,365 1,018,2~ 265,491 303,969
3,622
12,827
1,801
3,657
80,485 144,017 482,694 102,684 79,113 93,733
2,834
1,017
3,049
5,797
5.976 4,584
-10,135
10,425
39,758
22,180
25,525 30,576
12,566 21,211
20,686
42,453
Total bills discounts~
cB1lls bcught in open market
U. S. Go\re:r.nmant sacurit ies:
3ond.P
Traasnry notes
C ..;rti ficates of inde jtedn.:JSS
20,560
12,652
61,938
25,728
38,091
9,280
51' 787 63,139
1,856
16,550
542
16,153
4,~51
1,202
42,259
14!020
549
21,804
1!602
916
24,289
6,996
Total U. S. Govt. securities
All other earning assets
Total aarning assets
5% Redenption fund - F.R.Bank notes
Uncollected items
Bank prernises
All other resources
21,046
57,481
23,955 32,201
51
71, 3 77 100, 53E
Total reserves
___,..
on-reserve cash
Bills discounted:
·Sec. by U. S. Govt. Obligations
Ot:•dr bills discounted
TOTAL RESOURCES
-.
. i
'-
54,258
145,147
57,518
4,312
85
131,023
14,676
3,894
1,191
2,962
272
5,125
100,937
--6o,842 290,232 3,214,827
L0,557
4,327
2,833
3,627
51,624
4,947
12,343
2,936
22,655
1,362 13,786
10,798 31,967
187.914
284,929
46,552 55,495
7,362 25,171
34,487 17,290
5,200
3,981
25,591
5,657
12,160
12,996
45,753
13,991
472,843
140,424
4,426
27,303
8,532
40,274
7,252
8, 3:B
892
13,628
2!910
18,430
1, 780
15,825
3
23,430
2.090 . 4! 724
20,695 28,157
18,892
201,158
54,245
8, 700
37,852
139
4
72
215
18,090 11,413
37,405 23,074
5,136
1 2820
6,966
4!1~
19,750
_2L
70,120
54,129 120,940 46,653
41,021
49,678
45,851 87,901
2e
5E,298 59,166 51,397 26,508 78,751 35,478 14,140 33,852 26,829 38, 7f:IJ
1,113
307
9,117
313
274,295
2,528
398
2, 717
1, 763
8,264
456
1,792
149
2,628
5,688
4,595
l,o65
1,911
3,856
2,827
4,140
E87, 613
28
611,729
56,480
22,114
413,160 1,325,769 398,387 476,76o 207,977 234,931 697,081 191,340 143,6o7 185,757 142,150 427,496 4,844,415
. ·-·
I
;- ·-. 4C}Sc.
Released for publL::~ction Friday mornin_,, April 25, 1924; not c;:~r.a:;r.
RESOURCES ~TD LIABILITIES OF T'f.E FEDERAL PESERVE BANKS AT CLOSE OF 3USLJESS, APRIL 23, 1924.
Federal Reserve Jank of
.F.R. not ,;s in actual circulation
F.R. Bank not~s in circulation -
n~t
LIABILITIES
(In thousands of dollars)
Cleve. Rich. Atlanta Chicago St. Louis Minn. Kans. Cy. Dallas San Fran. Tot a1
Boston New York Philal
206,278
357,566 197,409 223,974 79,465 140,384 294,041 65,493 65,904 63,880 43,758 202, hb9 1, 91+0,821
350
350
D.::po~its:
l'Jiern.Jer unnk - res;::rve:: account
Govt:rnrwnt
Ot1c;r derosits
Total derosits
D.aferrad avai1.:-~bility items
Carit<1l raid in
Sul"flus
All ot~1e:r liabilities
TO'l'.AL LIP...BII.ITIES
Ratio of total rasa:rves to deposit
and F. B. note liabilities
combin0d, per cent
124,517
2, }36
164
743,095 114,675 158,539
9,006
2,445
2,650
1,228
11,952
257
61,1.38
1,256
58
59' 710 275,154 73.565
2,419
1,936 10,550
1,208
105
331
48,795
2,060
707
71,180
1,415
322
53,365 151,330 1,935,113
2,236
6,208
44,567
200
4,614
21,176
127,067
764,053 117,377 162.417
112,114 52,86o 52,8&)
29,799 10,154 12,557
59,929 19,927 23,691
660
1:,252
2,308
62,482
61' 751 286,912
17,799 69,061
4,524 15,105
8,950 30,426
1,523
1,536
76,315
51,562
72,917
55,301 162,202 2,000,856
33,659
5,068
10,072
733
13,997
3,431
7,484
1,229
34,307 ?S,S57
55,071
7,915
16,390
439
F. R. notes held by banks
F. R. notes in actual circulation
Bills discount;;~d
Bills bought in open market
u.. s. c~rtificates of indebtedness
MUnicipal warrants
4,442
9,496
715
4,188
7,577
1,619
556,051.
37.961
7,846 . 110,865
15,301
220,915
1,517
14,557
413,160 1,325, 769 398,387 476, 76o 207,977 234,931 697,an 191,340 143,607185,757 142,150 427,496 4,844,415
ss.o
Continc;ent liability on 0ills
rurdn.sed for foreign
corraspcndonts
F. R, notes outstanding
47.,496
5,836
11,672
1,026
90.8
71.2
8}.1
72.4
61.1
4,981
225,754
19,476
1,682
2,029
988
763
2,584
E50
624
798
FEDERAL RESERVE NOTES OUTSTANDING AND DJ ACTUAL CIRCULATION
6}1, 775 228,290 247,716 90,249 154,126 333,419 30,022 70,507 76,323
274,209 30,881 23,742 10,734 1},742 39,378 14,529
4,603 12,443
659
79-5
1,318
81.6
17,276
51,244 249,255 2,438,680
7,436
46,586
497,359
206,273
357,566 197,409 223,974 79,465 140,334 294,041 65,493 65,904 63,E80 43,758 202,669 1,940,821
. DISTRIBUTION OF BILLS, U. S. CERTIFICATES OF INDEBTEDNESS .AND MUNICIPAL ?!ARRANTS BY MATURITIES
.
,·
From 91 days
V:'ithin 15 days
1b to 30 days 31 to bO days
61 to 90 days
to 6 months
Over 6 montbs
Total
274,219
69,400
44,666
29,108
71,919
32,750
9.339
49,451
3,806
26, 761
360
1,007
51
5,827
43,£99
472,343
140,424
54,245
51
c
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Released for publication Friday moming, April 25, 1924; not earlier.
St.
.
4038d.
FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, APRIL 23, 1924.
(In thousands of dollars)
Fe~eral
Reserve A~ent at
RESOURCES
Federal Reserve notes on hand
Federal Reserve notea outstanding
Collateral security for Federal
Reserve notes outstand int;:
Gold and gold certificates
Gold redemption fund
Geld fund - F.. R. Board
Eligible paper Amount required
Excess amount held
Boston
New York
Phila.
Cleve.
Rich.
Atlanta
Chicago
St.Louis Minn. Y\.alls.Cy. Dallas San Fran. Total
98,500
225,754
~82,060 50,520 40,835 38,36o 73,317 187,780 27,300 lB,OOO 28,943 24,897 81,160
951,672
631,775 228,290 247,716 90,249 154,126 333,419 80,022 70,507 76,323 51,244' 2 1 ~9,255 2,433,680
35,300
12,067
148,000
2,400
9,985 13,052
9,891
331,939
238,531 14,000 3, 780
31,164 14,993 13,558 2,835 4,263 6,666 3. 777 1,544 3,039 2,396 15,801 112,153
316,000 159,389 1S2,000 35.,295 107,000 293,645 50,000 44,000 50,36o 14,500 203,189 1,603,373
30,387
46,080 39,908 43,378 52,119 40,463 33,108 16,260 11,911 22,874 24,457 30,265 391,210
2,825
31,451 4,398 24,956 11,154 12,331 47,208 21,1&) 8!835 7,181
288 27.996 200,39i
552,833 1,577,061 511,1.!98 561,223 230,012 39};900 901,826 208,513 167,849 189,)70 127,673 607,666 6,0ej,424
L I AB I L I T I E S
arr~unt of Federal Reserve notes
received from Comptroller
of the Currency
Net
324,254
913,835 278,810 288,551 128,609 227,443 521,199 107,322 88,507 105,266 76,141 330,415 3,390,352
Collateral receivsd from
Federal reserve bank:
Gold
Eligible paper
TOTAL
585,695 188,382 204,338 38,130 113,663 300,311 63,762 58,596 53,449 26,787 218,990 2,047,470
77,531 44,}06 68,334 63,273 52,794 80,316 37,429 20,746 30,65~ 24,745 58,261 591,6~
552,833 1,577,o61 511,498 561,223 2}0,012 393,900 901,826 208,513 167,849 189,370 127,673 6o7,6b6 6,029,~*
l95,367
33,212
-.:;;t::
c.
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~~~--. __(__
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@FedFRASER