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STATEMENT FOR THE PBESS Released for publication Friday morning Apr. 27; not earlier. CONDITION OF FZDERAL RESERVE BANKS Reductions of $6,900,000 in discounted bills, of $3,400,000 in acceptances purchased in open market and of $44,200,000 in United States sec uri ties, accompE.nied by a decline of $82,400,000 in deposit liabilities and an increasa of $2,300,000 in Federal reserve note circulation, sxe shown in t~e Federal Reserve Board's weekly consolidated. banlc statement issued as at close of business on A_pril 25, 1923. CaSh reserves increased by $500,000, and the reserve ratio Shows a rise for the week from 75.5 to 77 per cent. i ~ Liquidation of discounted bills w~s 1~.rgest at the Boston and New York reser·.•·.) banks, these two banks showing an aggregate reduction in their holdings of discounted paper of $31,600,000. Cleveland reports a reduction of about $4oo,oco, while all the other reserve banks report larger holdings of discounted paper than the week before. Reduction of acceptance holdings was largest at the New York and Cleveland banks. Of the total reduction of $44,200,000 in Unit3d States securities, $42,300,000 represents a decrease in Treasury certificates, At present six banks show practically no holdings of Treasury certificates. The banks show a total increase in their gold reserves of $1,900,000. Shifting of gold through the settlement fund accounts mainly for the increases in gold reserves of $19,500 1 000 and $12,200,000 shown by the Cleveland and Boston banks. Smaller increases aggregating $1,700,000 are reportea by the St. Louis and Dallas banks. The largest decrease in gold reserves for the week, amounting to $5,400,000, is shown for the Minneapolis bankj Richmond reports a decrease of $5,300,000 and Philadelphia - a decrease of $5,200,000 1 while smaller dacr;;;asas totaling $15,700 1 000 are shown for the five rerr.aining banks. Holdings of paper secured by Government obligations increaGed during the week from $334,600,000 to $339,900,000. Of the total held on April 25, $187,500,000, or 55.2 per cent, were secured by United States bonds, about ~3,000,000, or 0.9 per csnt, by Victory notes, $139,700.000, or 41.1 per cent, by Treasury notes, and $9,700,000, or 2.8 per cent, by Treasury certificates, compared \'.itn $132,300,000, $3,200,000, $139,100,000 and $10,000,000 shown the week before. A summary of changes in the principal assets and 1iabili ties of the reserve banks, as corr~ared with a waek and a year ago, follows: ..... Increase or Dacrease In millions of dollars since Apr. 13, 192} A~-Jr. 26, 1922 + •5 + 54.2 + 1,9 + 39.4 Total reserves • . . . Gold reserves Total earning assets Discounted bills, total . Secured by U. S. Government obligations Other bills discounted . • ~ St. 3482 Federal Reserve Bo~·d, April 26 , 1923. 54.5 6.9 + . "-'• c 3.4 + 191.5 44. .;; "" 3 73.3 5.2 1.9 1+2.3 Total deposits • . . • . • Mem'bers 1 reserve deposits Governnent deposits • . . . Other deposits .. , Federal Reserve notes in circulation . F, R. Bank notes in circulation net liability . . . . . • •. 45.3 136.5 160.9 24.4 12.1 Purchased bills United States securities, total Bonds and notes . U. S. Certificates of indebtedness + + 32.4 70.6 10,2 + + 75.3 105.2 10.5 19.4 + 65.0 :L6 + 2.3 • 2. 93.1 280.2 77.2 B.eleaaad for publication Friday morning, April 27, 1923; not earlier. St.3482a RESOUECES AND LIA1ILITIES OF 'l'HE TWELVE FEDEP.AL RESERVE BAN:CS COMBINED (In thousands of dollars) RESOURCES .. 326,375 659,887 956,262 2,036,490 59,870 3,082,622 95,920 3,178,542 67,225 326,638 453,974 750,612 2,154,510 60,080 2,995,202 129,637 3·,124,839 339,880 296,717 274,041 910,638 157,030 36,780 41 1,104,489 49,945 334,611 308,851 277,447 920,909 153,910 79,097 41 1,158,957 49,692 178,991 321,106 82,518 582,615 250,185 316,948 102 1,149,850 39,568 191 .. . Bills discounted: Sec. by u.s. Government obligations Other bills discounted .• , . . . Bills bought in open market •• .l i ~ I "' Apr. 25, 1923 Apr, 18, 1923 A~p~r~·~a~6~·~19c2~~ 323,822 695,630 1,019,452 2,007,555 57,562 Total gold reserves • . , . . . . . . . 3,084,569 . , Reserves other than gold • • • • • 94,473 Total reserves . . . . . 3,179,042 Non-reserve cash • • • • • • • . • . . . 70,691 -Gold and gold certificates • • • • . Gold settlement fund - F. B.. Board • • Total gold held by banks • Gold with Fedaral Reserve Agants Gold redemption fund • • • , . • • . . . ... To tal bills on hand • • , u. s. bonds· and notes • . . • . . • U. S. Certificates of indebtedness:, • • • Municipal warrants • , •. Total earning assets • , , Bank premises , , • • . , • . . . . 5% Redemption fund against F, B., Bank notes . • , , . • . Uncollected items . • • • • , . All other resources •• ... . . .. 191 622,644 14,065 5,041,067 13,871 5,191,814 7,601 519,627 18,587 4,860,072 108,357 218,369 108,649 218,369 104,311 215,398 34,692 . 1,853,935 . . 19,916 1,903,543 .. 2,222.,68 44,936 1,924,525 21,54o 1,991,001 2, 220,251 39,281 1,833,230 2,157.568 2,287 564,398 16,025 5,041,067 2,443 635,966 15,135 5,191,814 79,497 449,347 20 J 721 4,860,072 ... TOTAL RESOURCES ;.. • • * U33 ,336 L I AE I L I T I E S Capital paid in Surplus . . . . • a a I • . . . . . . . . . Deposits: Government • • • . , , . . . Member bank - reserve account Other deposits • , • . • • . . Total deposits . • . . . . F, R, notes in actual circulation F, R. Bank notes in circulation net liability. , . . . . Deferred availability items All other liabilities , • , . . . . TOTAL LIABILITIES . .. , Ratio of total reserves to deposit and F. B., note liabilities combined • • • • Contingent liability on bills purchased for foreign correspondents • • . . . . , 75.5% 33,085 *Not shovvn separately prior to Janu;\ry.l923. 45,194 l, 748,755 78.3% 35,396 R-eleased for publication Friday morning April 27, 1923; not earlier. RESOURCES .AND LIABILITIES OF THE FEDERAL RESERVE Bk.JKS AT CLOSE OF BUSINESS, APRIL 25, 1923. (In thousands of dollars) RESOURCES Federal Raserve Banlc of Boston Gold and ~old certificates Gold settlement fund - F. R. Board Total gold held by banl:s Gold with F. R. Agents Gold redemption fund Cleve. Rich. 23,796 12,197 14.228 7,961 24,319 156,954 27416}6 :2~.~8~ 1+31, 590 57,331 87,025 633,383 165,ll7 207' 152 s.g1~ 4tlll 2,112 265,537 1,07&,393 227,209 296,&39 Reserves other than gold &.061 Total reserves Non-reserve cash 12,6}4 }.161 6,612 bonds and notes u. S. Certificates of indebtodness l/lunicipa1 vvarrants 16,695 17,450 20 z919 55,124 5,408 20 3,271 32,730 23' 511 143 y833 40,552 9 3, 493 359, 56S 2 2 220 11a1Sl ~.4o6 17,442 61,564 2.371 76,7 33 124,259 521,4o4 31,377 1.160 14_,119 13,643 7,938 16.114 24.112 35,583 47,421 45,096 2.50(1 2.562 74,093 83,138 g4.413 24,433 12,343 1,341 7,188 15,214 15,314 5,246 18,625 3,444 50 27,617 24 157,030 343 33,111 3,021 4,969 43,563 21,610 46,183 22,062 36 1 320 53,644 126,066 527 2 31,144 3, 330 6,000 36,780 41 41 1,4o~ ~11 211 210,444 101,193 111,890 11,690 712 b,l95 62,410 2,617 59,173 151,379 2,441 t ,715 63,159 940 38,304 1,152 67 ,2(6 4,867 48, 367 129) 337 1,104,439 2,245 1,937 49,945 100 26 191 51,530. 22,211 82,236 35,412 13,i46 39,041 26,575 37,963 62::,641+ }63 345 ~01 1,811 lz029 2loz6 41542 14 1 o65 502 403,551 1,464,443 390,733 493,917 204,086 224,476 786,335 205,357 132,112 202,401 .-.. 5.111 339,830 296,717 2:z4.o41 910,638 124 ~- 4.284 2,574 29 '790 21,952 35,396 14,461 371010 38,987 102,196 65,324 ---- 34,356 220,121 3,084, 563 12,378 13,766 53,667 - -- 54,057 1,019,452 12,677 161,849 2,007,555 1 1 19} 4 1 21') 21z562 4,033 15,757 15,335 17,685 1,211 12.909 44,501 22,S:4o 139,335 -~- 323,822 61~. 6}0 24,459 34,431 2zl29 61,069 55,054 c. 20,494 I2a56} 24,335 22,356 41.ll0 ':;!4, 301 Uncollected items TOTAL RESOURCES l.C, 521 9.962 20,486 33 '640 225' 233 3,179,042 4,3j6 70,691 6, 759 3.121 65 All other resources 3,103 }2,430 Total 86,651 3,407 6o,552 4,4}4 ,._____ 14~ 111 Dallas San Fran. 34,498 132,936 535.533 100,525 75,313 1, 786 7,012 5,014 2,529 7,297 Total earning assets B~'lk premises 5~" Red.enption fund against F. R. Bank notes http://fraser.stlouisfed.org/ __ Federal Reserve Bank of St. Louis 53,6ol 90.2}1 5,997 22.514 Min.c1. Kans.Cy. 3.46.2 123,134 33,138 31,000 13,503 42!161 24,630 199,295 76,371 11,149 Atlanta Chicago St.Louis 1.215 273,604 1,091, 5Z7 2j0J976 303,501 14,733 9.499 3,713 4,496 Bills discounted: Secured by U.S. Govt. obligations Other bills discounted Bills bought in open market Total bills on hand s. 6'0!2~3 86,647 174,672 4.213 Total gold reserves U. 17,389 New York Phil a. St. }482b 122,017 ~. 584 5,041,0&7 St.3432c &eleased for publication Friday morning, April 27, 1923; not earlier. RESOURCES .A1'D LIABILITIES OF THE FEDERAL RESERVE BANKS .AT CLOSE OF BUSINESS APRIL 25, 1923. L I AB I L i T I E S (In thousands of dollars) Boston New York Phil a. Cleve~ Rich. Atlanta Chicago St, Louis Minn. Kans. Cy .. Dallas San Fran. Total Federal Reserve Bank 108,857 7,801 4,180 4,602 28,942 4,418 15,007 4,925 9,642 11,994 5,678 8,095 3.573 Capital paid in 213,369 15,263 7,496 9,438 11,288 18,749 8,942 7,473 16,312 59,800 9,665 23,495 30,398 Surplus'. Deposits: 4,068 34,692 1,903 10,682 2,488 1 ,34-o 1,212 2,372 1,965 2,395 1,942 2,293 1,527 Goverm1ent 1,853,935 50,676 14o ,203 682,516 110,652 163,434 47,978 79.988 70,508 124,533 57.748 53 J 900 271,744 Member bank - reserve account 130 3,511 19 •. 916 496 160 1,802 583 10,306 356 974 172 539 332 Other deposits 7o4,oo4 113,496 166,293 59,447 56,432 275.511 73,491 50,416 82,820 52,764147,737 1,908,543 126,077 Total deposits F. R, notes in actual circulation 205,295 559,220 199,451 231,179 30,513 132~463 394.382 78,241 56,011 61,3 79 28,160 196,294 2,222,588 F~ R. BanlL notes in circulation 2,287 419 1,235 583 .... ' " nat liability 1}2 ,112 48,366 3 7,365 564,398 46,433 109,013 21 ,327 271167 59,544 52,008 Daferre.d availability i terns 68 t 755 38,138 13,670 16,025 1,331 1,574 764 1,079 1,4o7 894 3,469 727 1,699 715 897 969 All other liabilities 408,551 1.464,448 390,783 493,917 204,086 224.476 786,335 205,357 132,112 202,4ol 122,017 406,584 5~041,067 TOTAL LIABILI'riES Batio of total reserves to deposit and F. R. note liabilities 86.4 6o.4 6o.1 76.4 70.4 80 .. 0 combined, per cent 32.6 70.8 73.8 66.3 11 0 Contingent liability on bills purchased for foreign correspondents 2,745 3,447 · 1,66o 1,309 4.,436 1,404 1,o85 1,372 1,149 2,266 33,085 FEDEHAL RESERVE NOTES OUTSTANDING .Al"'D IN .ACTUAL CIRCULATION 728,513 230,684 247,550 88,821 137,274 442,4o4 98,519 59.367 69,210 32,311 244,203 2,601,820 F. H. notes outstanding 222,959 F. R. notes held. by banks 17,664 169,293 31,233 16,371 ~.~;}OS '+~1 48,022 20,278 3,356 . 7,1331 4,151 47,914 379,232 F. R. notes in actual circulation 205,295 559,220 199,451 231,179 80,513 132,463 394,382 78,241 56,011 61,379 28,16o 196,294 2,222,583 DISTRIBUTION OF BILLS, U. S. CERTIFICATES OF INDEBTEDNESS AND MUNICIPAL WARRANTS BY M.A'I'URITIES 91 days r;i thin 15 days 16 to 30 days 31 to 6o days 61 to 90 days From Over 6 months Total to 6 months Bills discounted 431,439 46;760 83,264 50,385 24,o46 636,597 703 274,041 Bills bought in open rr;3.rket 61,703 4!,600 96,885 65,005 8,848 U. S. Certificates of indebtedness 36,780 ~ 6~ 1~ 35,931 l\llunicipa1 warrants 41 41 ·r·. 9,818 'Released for publication Friday morning, A_:ril 27, 1923; not earlier. FEDERAL RESEfiVE AGENTS' ACOOUNTS .t,T CLOSE OF BUSINESS, A'PniL St. 25, 1923. 3482d.. (In thousands of dollars) Boston New York Phila. Federal Reserve Agent at RESOURCES Federal Reserve notes on hand 32,200 318,340 44,800 728,513 230,684 Federal Reserve notes outstanding 222,959 -Collateral security for Federal · ~~serve notes outstanding: 25,300 235,531 7,000 Gold and gold certificates 31,857 12,228 11,372 Gold redemption ftmd 371,000 145,889 138,000 Gold fund - F. R. Board Eligible paper 48,287 90,125 65,567 Amount required 86.,661 4,927 6,837 Excess emount held Cleve. Rich. Atlanta Chicago Ivlinn. Kans. Cy. Dallas San Fran. Total 26,190 98,519 12,765 19,643 19,529 59,825 815,525 59,367 69,210 32,311 244.208 2,601,820 15,924 343,645 11,880 4,184 45,500 1~ ,052 1,369 2, 735 33,000 42,360 82,835 43,214 36,955 7.364 11,946 24,114 19,634 82,359 10,67'5 7.030 19.1;§~ 1~,4o1 30,620 247,550 28,870 76,643 88,821 137,274 96,100 442 4o4 13,275 13,877 180,000 2,l.too 2, 757 6,098 37.795 85,000 40,398 52.793 48,269 43,776 10,384 i4,132 IDTAL St. Louis I . 6,461 314,899 2,216 14,464 119,082 4,000 147 ,385 1 ,573 '574 ·594,265 283.181 216,896 365,923 1,024,122 230,592 142,174 165,093 103,314 567,642 6,302.346 LIABILITIES Net amount of Federal Reserve notes received from Comptroller of the GJrrency 305,159·1,046,S53 275,484 278,170 117,691.213,917 538,504 124,709 72,132 88,853 51,8l.to 304,033 3,417,345 ' Collateral received from Federal Reserve Darik: -Gold Eligible paper TOTAL 174,672 55,124 638,388 165,117 207,152 176.786 70,494 93,191 4o, 552 93,498 359,569 61,564 47,421 45,096 12,677 161,849 2,007,555 58 J 653 58 '508 126,049 44.319 22,621 31,144 38,797 l01,76o. 877,446 216,896 365,923 1,024,122 230,592 142,174 165,093 103,314 567,642 6,302,346 1 c •
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