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STATEMENT FOE THE PRESS St. 4483 Released f o r p u b l i c a t i o n Friday morning, April not e a r l i e r . Federal Reserve Board, April 2, 1925* CONDITION OF FEDERAL RESERVE BANKS The c o n s o l i d a t e d s t a t e m e n t of c o n d i t i o n of t h e Federal r e s e r v e banks on April 1, made p u b l i c by the Federal Reserve Board, shows f u r t h e r i n c r e a s e s of $22,300,000 i n holdings of discounted b i l l s and of $9,500,000 of acceptances purchased i n open market, and an i n c r e a s e of $14,100,000 i n Government s e c u r i t y h o l d i n g s , w i t h the r e s u l t t h a t t o t a l e a r n i n g a s s e t s went up $45,800,000. Gold r e s e r v e s went down $21,400,000, o t h e r cash r e s e r v e s $4,100,000, and n o n - r e s e r v e c a s h $4,800,000, while Federal r e s e r v e note c i r c u l a t i o n increased $500,000 and t o t a l d e p o s i t s $11,400,000. The New York r e s e r v e bank shows a d e c r e a s e of $37,700,000 in holdings of d i s counted b i l l s . The p r i n c i p a l i n c r e a s e s in d i s c o u n t h o l d i n g s reported f o r t h e week were as f o l l o w s : Chicago $14,300,000, Boston $13,200,000, Cleveland $8,400,000, San F r a n c i s c o $7,500,000, Richmond $5,400,000, and A t l a n t a and S t . Louis $4,400,000 each. The remaining banks show r e l a t i v e l y small changes i n d i s c o u n t holdings f o r the week. An i n c r e a s e of $11,000,000 in holdings of acceptances purchased i n open market i s reported by t h e Federal Reserve Bank of New York and i n c r e a s e s of $1,100,000 and $1,000,000, r e s p e c t i v e l y , a r e r e p o r t e d by P h i l a d e l p h i a and Cleveland, while the San F r a n c i s c o bank shows a r e d u c t i o n of $1,300,000 and Kansas C i t y a r e d u c t i o n of $1,200,000. The System's h o l d i n g s of U. S. Treasury notes went up $12,200,000, of c e r t i f i c a t e s of indebtedness - $1,600,000, and of U. S. bonds - $300,000. The p r i n c i p a l changes i n Federal r e s e r v e note c i r c u l a t i o n d u r i n g t h e week comp r i s e i n c r e a s e s r e p o r t e d by t h e Boston and San F r a n c i s c o banks amounting to $4,700,000 and $1,200,000, r e s p e c t i v e l y , and d e c l i n e s of $4,000,000 and $2,500,000, r e s p e c t i v e l y , r e p o r t e d by Cleveland and Chicago. 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 d u r i n g t h e week and t h e y e a r ending April 1, 1525, f e l l o w s : Increase or decrease Year Week - $208,700,000 Total r e s e r v e s . Gold r e s e r v e s - $25,500,000 - 21,400,000 Total e a r n i n g a s s e t s Bills discounted, t o t a l Secured by U.S. G o v ' t , o b l i g a t i o n s . Other b i l l s discounted . . . . . + + 45,800,000 + 10,400,000 32,700,000 - B i l l s bought in open market 9,500,000 . . . U. S. Government s e c u r i t i e s , t o t a l B end •* Treasury notes . C e r t i f i c a t e s of indebtedness . . . Federal Reserve n o t e s i n c i r c u l a t i o n T o tal 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 22,300,000 + + + + 14,100,000 300,000 12,200,000 + + + - - 11,400,000 14,200,000 5,000,000 7,800,000 245,800,000 78,200,000 129,700,000 34,900,000 94,900,000 + 102,600,000 + + 93,000,000 63,600,000 61,100,000 31,700,000 1,600,000 500,000 . during - 277,600,000 + + + 133,300,000 199,700,000 75,500,000 9,100,000 I el eased f o r p u b l i c a t i o n Friday morning, April 3, 1925* RESOURCES At© LIABILITIES OF TFE TWELVE FEDERAL RESERVE BANKS COMBINED ( i n thousands of d o l l a r s ) A p r . 1, 1925 RESOURCES old w i t h Federal r e s e r v e agentg . . . . old redemption fund w i t h U.S. Treasury Gold held e x c l u s i v e l y a g a i n s t F . E . n o t e s 5old s e t t l e m e n t fund with F. R. Board Hold and gold c e r t i f i c a t e s held by banks S t . 4483a Mar. 25, 1925 Apr. 2, 1924 1,600,051 1,588,385 # 7 54,811 51,-89©- 1,974,624 50,533 l,640,275-^1,654,862 2,025,157 615,399"***- 619,409 590,300 593,059 709,581 357,029 2,845,934 2,867,330 3,091,767 136,747 140,822 99,564 2,982,681 3,008,152 3,191,331 51,673 56,501 46,599 204,186 195,739 214,570 163,071 239,063 290,597 . T o t a l b i l l s discounted . . . . . . . 399,925 377,641 529,660 B i l l s bought in open market . . . . . . U. S. Government s e c u r i t i e s : 316,378 306,905 213,772 81,696 C e r t i f i c a t e s of indebtedness . . . . . 81,942 245,970 29,922 18,331 184,887 61,637 Total U. S. Government s e c u r i t i e s 357,834 Total gold r e s e r v e s Reserves other than gold B i l l s discounted : Sec. by U. S. Government 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 Foreign loans cri gold T o ta l e a r n i n g a s s e t s 5/o Redemption fund ' - ,F. R. Bank n o t e s Uncollected items 264,855 1,902 343,751 10,500 1,902 1,086,539 1,040,699 607,198 58,863 20,653 602,247 58,816 20,710 1,008,338 28 586,085 55,876 21,398 4,807,607 4,737,125 4,909,655 1,709,670 1,709,146 1,987,262 374 2,132,779 34,377 1,933,113 28,501 2,118,581 29,379 36,309 2,195,657 2,184,269 2,062,364 558,250 114,492 217,837 11,701 114,492 217,837 11,943 110,859 220,915 4,807,607 4,787,125 4,909,655 10,500 .' All o t h e r resources TOTAL RESOURCES 233,728 28,327 51 L I A B I L I T I E S F. E. n o t e s in a c t u a l c i r c u l a t i o n . . . F. R. Bank n o t e s i n c i r c u l a t i o n - n e t Depos i t s : Member bank - r e s e r v e account . . . Other d e p o s i t s Deferred a v a i l a b i l i t y items Surplus All o t h e r l i a b i l i t i e s TOTAL LIABILITIES 549,43s 109,83s 19,413 513,463 l4,4is Ratio of t o t a l r e s e r v e s t o deposit and F. R. n o t e l i a b i l i t i e s combined . . . . 76.4# 77.31° 78.8$ Contingent l i a b i l i t y on b i l l s purchased for f o r e i g n correspondents 50,384 51,743 11,230 C. Released f o r p u b l i c a t i o n F r i d a y morning, A p r i l 3, 1925; not e a r l i e r . s t RESOURuES AM) LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, APRIL 1, 1925. RESOURCES ( I n thousands of d o l l a r s ) s f g ; : . . , i j "*;'S "a; i i % % % " % ss = as a s aa ga a s as gg - a % 1 Gold -Seld exclusively against F. R. notes 171,397 371,228 l4o,396 172,596 Total gold_reserves 236,730 909,991 216,087 265,489 91,496 162,458 331,922 82,267 Reserves other than gold l4,84l Total reserves 251,621 4,434 Secured by U.S.Govt, 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 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 : 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 T o t a l U. S. Govt, s e c u r i t i e s 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 Uncollected items Bank p r e m i s e s All o t h e r r e s o u r c e s TOTAL RESOURCES http://fraser.stlouisfed.org/ Federal Reserve 13*.Bank of St. Louis 18,243 22,868 4l,lll 4l,26l 2,662 14,425 3,868 20,955 103,327 55,623 4,190 39 419,234 31,190 4,345 8,780 ^ r —— gf- 51,55k 137,375 l68,3&0 52,419 68,107 60,314 40,760 205,749 1,640 275^ 4,586 14,749 18,457 19,104 941,181 220,432 274,269 96,082 13,1,97 1,960 3,575 2 962 ' 53,891 26,858 32,309 12,240 40,186 15,018 13,077 27,495 99,077 41,876 45,386 39,735 73,197 25,367 31,875 13,054 91,490 112,460 1,820 3,467 73,279 272,215 2,845,934 9,382 6,026 136,747 177,207 350,379 101,371 93,310 115,927 82,661 278,241 2,982,681 5 -°52 7,670 3,552 916 2,036 2,298 3,681 51,673 5,157 14,674 19,831 13,284 30,094 5,556 27,799 8,652 57,893 14,208 42,831 13,381 243 2,190 173 3,785 3,924 1,265 4,928 6,ll4 1,438 8,728 14,117 10,463 12,460 1,416 11,001 1,407 1,721 19,649 1,599 8,764 89,497 22,490 22,162 1,615 1 , 0 7 0 30,401 6,905 8,162 7,012 365 6,286 82 976 1,891 386 457 108,969 24,271 39,449 3,104 3,767 51,941 8,890 17,383 3,055 1,050 1,208 462 1,564 609 525 368 1,400 2 284,298 93,964 117,918 56,502 37,344 154,229 37,004 30,509 141,884 57,773 52,196 50,828 27,056 83 , 994 31,915 11,963 16,497 1,112 7,573 2,446 2,780 8,099 3,875 3,046 5,403 330 215 549 1,997 1,645 345 2,967 1,402,760 375,571 455,746 209,369 251,476 605,616 178,062 142,711 12,232 16,996 29,228 28,820 9,464 8,682 3,117 12,906 10,821 25,516 2,302 606 5,691 24,672 20,109 3^,324 462 798 399 500 45,865 37,101 4,142 564 205,635 204,186 195,739 399,925 316,378 81,942 245,970 29,922 357,834 10,500 1,902 32,409 93,170 1,086,539 23,320 33,945 607,198 1,833 3,270 58,863 1,747 4,852 20,653 144,268 417,159 4,807,607 i.tij.eti.s.ev l o r p u u ^ x o t . 0 i o u F r i o ay m o r n i n g , A p r i l 3> 1925> n e t e a r l i e r . S t . 4483c RESOURCES AND LIABILITIES OF TEE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, APRIL 1, 1925. L I A B I L I T I E S F e d e r a l R e s e r v e Bank of 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 Deposits: Member bank - r e s e r v e a c c o u n t Government D t b s r <fl epos i t s Total deposits Deferred a v a i l a b i l i t y items C a p i t a l paid i n Surplus All ether l i a b i l i t i e s TOTAL LIABILITIES R 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. n o t e l i a b i l i t i e s combined, p e r c e n t Boston 206,102 ( i n t h o u s a n d s of d o l l a r s ) New,York P h i l a . 0 1 e v e . R i c h . A t l a n t a C h i c a g o S t . L o u i s Minn. Kans.Cy. D a l l a s San F r a n . Total 3 5 7 , 5 6 0 1 5 5 , 6 5 5 1 8 9 , 4 2 6 7 5 , 3 4 4 l 4 i , 5 7 2 1 6 6 , 6 7 5 4 9 , 5 2 8 6 6 , 2 5 1 6 5 , 0 5 6 4 3 , 9 1 0 192,591 1 , 7 0 9 , 6 7 0 131,527 3,538 44 807,154 134,297 179,646 5,589 2,090 1,278 14,485 894 1,167 65,489 1,615 162 70,598 308,566 4,447 3,870 143 2,513 78,764 1,915 964 51,550 2,126 294 88,018 3,880 698 60,886 156,284 2,132,779 1,823 2,206 34,377 253 6,884 28,501 135,109 53,119 8,050 , 16,382 472 827,228 137,281 182,091 124,974 51,103 47,780 31,315 11,098 12,958 58,749 2 0 , 0 5 9 2 2 , 4 6 2 2,934 375 1,029 67,266 43,413 5,96b 11,701 679 75,188 314,949 20,543 7 6 , 2 9 5 4,593 15,502 8,950 30,426 625 1,769 81,643 31,368 5,104 9,971 448 53,970 10,738 3,261 7, 497 944 92,596 34,251 4,300 8,977 455 62,962 165,374 2,195,657 24,964 34,652 558,250 4,198 8,142 114,492 7,592 15,071 217, 837 642 1,329 11,701 419,234 1,402,760 375,571 455,746 209,369 251,476 605,616 178,062 142,711 205,635 144,268 417,159 4,807,607 79.4 73.7 Contingent- l i a b i l i t y on b i l l s purchased f o r foreign correspondents 14,611 75.2 73.8 5,046 67.4 5,802 2,926 81.8 72.7 2,220 77-3 7,518 2,523 77.6 1,766 73.5 ' 2,220 77.3 1,917 77-7 3,835 76.4 50,384 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. n o t e s h e l d by b a n k s 228,742 22,640 481,380 164,226 208,190 123,820 28,571 18,764 89,785 161,910 179,104 l 4 , 4 4 i 20,338 12,429 57,030 7,502 68,857 2,606 72,826 7,770 4 8 , 7 4 6 239,167 2 , 0 1 9 , 9 6 3 4,836 46,576 310,293 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 206,102 357,560 155,655 189,426 75,344 i 4 i , 5 7 2 166,675 49,528 66,251 65,056 43,910 192,591 1,709,670 DISTRIBUTION OF BILLS, W i t h i n 15 d a y s B i l l s discounted B i l l s b o u g h t i n open m a r k e t C e r t i f i c a t e s of. indebtedness Municipal warrants 296,809 97,244 2,817 2 l 6 t o 30 days 24,682 57,817 MUNICIPAL WARRANTS AND U. S . 31 t o 60 d a y s 38 , 264 92,273 6 l to 90 days 25,616 60,980 CERTIFICATES OF INDEBTEDNESS BY MATURITIES From 9 1 d a y s t o 6 months 10,983 8,064 14,702 Over 6 months 3,571 12,403 Total 399,925 316,378 29,922 2 Released f o r p u b l i c a t i o n F r i d a y morning, A p r i l 3, 1925; not e a r l i e r . S t . 4483d FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, APRIL 1, 1925. ( i n thousands of d o l l a r s ) F e d e r a l Reserve Agent a t R E S O U R C E S F e d e r a l Reserve n o t e s on hand F e d e r a l Reserve n o t e s o u t s t a n d i n g Collateral s e c u r i t y for Federal Reserve n o t e s o u t s t a n d i n g : Gold and gold c e r t i f i c a t e s Gold red eraption fund Gold fund - F. R. Board E l i g i b l e paper Amount r e q u i r e d Excess amount held TOTAL Boston New York Phila. 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 F r a n . **3,650 228,742 321,540 50,850 54,200 481,380 184,226 208,190 22,855 63,478 265,537 89,785 161,910 179,104 25,660 57,030 20,461 68,857 27,800 13,405 lib,000 186,698 6,000 8,780 29,006 12,459 11,797 146,000 114,389 150,000 5,000 11,575 1,726 4,369 4,926 3,245 4 7 , 2 9 5 126,000 160,645' 33,000 13,052 1,504 52,500 54,360 71,537 119,676 51,378 37,613 10,835 34,569 2,498 37,594 40,764 10,173 1,801 10,682 14,944 5,111 26,541 5,498 13,533 86,945 9,210 17,177 27,873 72,826 2 2 , 3 5 7 66,600 935,061 48,746 239,167 2,019,963 16,011 3,522 Total 274,916 4,275 19,289 109,526 19,000 184,754 1 , 2 0 3 , 9 4 3 9,457 2,322 35,124 22,560 431,57s ,245,984 511,969 1,318,889 421,800 508,174 212,598 392,796 710,690 156,897 168,857 178,636 122,171 567,494 5, 270, 971 L I A B I L I T I E S Net amount of F e d e r a l Reserve n o t e s r e c e i v e d from C o m p t r o l l e r of t h e Currency C o l l a t e r a l r e c e i v e d from F e d e r a l r e s e r v e bank: Gold E l i g i b l e paper TOTAL 272,392 802,920 235,076 262,390 112,640 225,388 444,64l 82,690 89,318 100,699 71,103 305,767 3,005,024 157,205 82,372 361,704 132,848 170,577 154,265 53,876 75,207 47,820 26,387 67,056 12,483 39,289 204,043 1,568,385 11,779 57,684 677,562 4 9 , 0 2 1 135,369 165,571 50,937 32,039 100,478 57,882 20,055 511,969 1,318,889 421,800 508,174 212,598 392,796 710,69c 156,897 168,857 173,636 122,171 567,494 5,270,971
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