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s t a t e m e n t f o e t h e p r e s s Eeleased for publication Friday morning, April 7 ; rot earlier. S F A a s e e r a l R c l o s i n g g f $ o a t e 2 e s e r v e c r e r e g a o e B 5 , 2 0 0 s e u s i n e s s f $ 2 0 , 8 0 j 5 0 i n a n 2 , 0 0 e s , C h ^ e s e r g t o U e t d f o r n l e 0 r e = i * i 6 c b e s h r e ° n ^ A . d a w s e F r a ‘ e n t ^ L i b e r y n 0 t ? n h f c i s s u m r e s e m r v b o a n S ? f c h k s , 1 5 , 4 c o i l n 5 > e a k b 0 s o 1 9 0 s l i d e r a r e e f o r e s e r v e g i n l 0 e u a t e d . M s e r r v f r a r a l E i l i t i e l d e n G o c a s h t i o s h o w h s a b e r s 1 a n a n d . a b o t e c s t a t e r e e s s i r s a l d r e o v e r n m r e t p r i l 2711. . e s e r v e 6 B , o a r d , 1 9 2 2 . B A N K S . b a n k e m e e k , , o c 2 2 . w r e , 0 e n t t h e e 0 R E S E R V E g s a n s h o w i n n i n m e r v n u e r v e d e c t e e n t c o w a s h i l v i f t c d y o l d l p $ o a n o n r h f o a n i n e b a e S h d r e 9 , 3 0 0 r e r v d a C n l e ^ t h l e d i a s e r d p , 0 v a r e s o 0 e g o e l a s h o w w l s e n d e o e s g f $ c l i n e d l a i s s a n t h s u e i n e d F e d a s a t e p o s i t s s h o w e p o s i t s , - l a r n w s h o w e d d t i o l i n t h r o u t h e l a 0 0 d o ^ 2 0 P r 8 , C t h e r » S 9 0 , 0 © c n t ’ ' e 0 0 , a n g e s s c o m $ U . a s a f o ^ g e , 0 0 0 d $ 7 , 0 $ 1 3 , 7 0 0 , 0 0 0 g r a i n t h e w a n a g e o f d e - r b e e k y f r c m b y 1 5 * 7 0 0 d i n t h e p a r e d p w p T , 0 e r r e a 0 0 r i n c i t h a 0 , 0 0 y $ t h e g s t i n c r e a n d $ 2 0 , w 1 , 6 0 s o 0 h * 0 l d r e a i l e 0 0 s e s e t i v o l y t h M t t l e s e o . p e c $ 5 , 0 0 0 , 0 0 0 2 , 7 9 m f r e n o l d g . e o r e - t T h e a r e . e c l i n b o n d s , . 7 0 b g h r f a S . 7 , 8 d a n d s e e k , r v r t i n 0 s e e f r c m , ‘“S 1 h e U 3 ^ ,7 0 7 .0 0 0 , 1 3 » 2 0 C a r y e r w g a n 2 ™ * p $ l y d e r t y e k F i l a o P e . e e k s o v e r n m r f s P t h e ' A e . o S o m 8 a n f 0 e t . ^ £ c f o n s o G f o 0 t h e r v S a n J 1 0 0 F E D E R A L n A , 0 , 0 secured * 0 p o s e d r e ^ o n 0 O F i n w c e e c r e 5 s b a n k s * e W a S f o t i o 0 T h e c o m s S s c 0 p i c a g o r v s h o w n r e r e e s . o l d r u n d , l a 0 77.7 u , 0 r d o t o r v a b G r e o d 0 f 2 0 0 , 0 0 0 $ 0 s e ^ 77*2 r e 1 , 9 d A C O N D I T I O N c r e e $ s u i p w a t , i y a n d l e e k a 0 e s a n d r e , 0 0 b y 0 t a I n 0 , 0 a n d y a e c r e a I n 0 T t i f i c 1 7 , 9 s 4 - c $ 7 , 0 0 0 t o or S 0 .2 per cent, was 1 1 , 4 c e n 4 m , o r e a a t 0 0 l r e r s u s 4 , a b o i s e o n p s s i n e c e n a n d p a r e d r t e d l i a g o , i l l i o r r . o t e s c o m r e p i . 7 r y t f o r o f y w t h e w s i t h w i t e m l l o t , e e k s o f ; D e c r e a s e d o l l a r s c e March 29. 1922 : April 8 , 1921 T o t a G T o l r e s e o l d r e t a l D e a i s c o r n u n S e c u r e d l l o P u r c h n i t e d o t a M S P i t t m t h l d p G o v e r n m t h d U o s t s , . S s n c e o r t o . e t e t a l G o v e r n m r i t i e e n t o b l i g a t i o n s c u s , t o t a l s t i f i c r e a s u a t e s r y c e r t i f i c e d e p o a t e s s i t s r e e n t e e i l l s t e a n O y b T s r t a b e r s * e r e s i l l s a n d e r e a b b t h Incr . 6.2 Incr . 7 ,8 s g a s e d O e m s e i n A U e r v t e d B o n d s T r v s e p o s e r v d p e o s i t s s i t s s i t s Federal reserve notes in circulation ty Incr. Incr. 627.8 715.2 IScr . 6 .5 Dec. 1 1 . 1 Dec. 2*6 Dec. s . 5 Dec. 4 .3 Incr..2 1 .9 Incr..26.7 Dec. 1-5 Dec. 3*3 Dec. 1 ,351-6 Dec. 1 *529-9 Dec. 695.8 Dec. S3 4 .1 Dec, 5-2 Incr. IS 3 .5 Incr. 20 1.5 Dec. 159.9 Incr. 1 U1 .9 Dec. *7 Incr. 20.8 Dec. 20.5 Dec. ' 1 .0 Incr. Incr. Dec* Incr. Incr. 16 .2 Incr. ♦7 Dec. Dec. 59*1 67 *6 1 2 .5 4 .0 695.9 2 6 .1 Released for publication Friday icoroing, April 7 , 1922; not earlier. St.2711a. RESOURCES AND LIABILITIES OF THE T m V E FEDERAL RESERVE BANKS COMBINED(In thousands of dollars) R E S O U R C E S April 5, Gold and gold certificates ............... Geld settlement fund - F . R. Board . Total gold held "by banks . . . . e g a l t e n d e r n o t e s , s i l v e r , e t c * * . Total reserves Bills discounted: All "other" S \ G° verrarent obligations Bills bought in open market Total bills on hand ............... ................... U. S- bonds and notes ....................... U- S. Certificates of indebtedness:* One-year certificates (Pittman A ct). All other . ................................... Municipal warrants ........................... Total earning assets ................... Bank premises ...................................... 5$ Redemption fund against F. R. Bank notes ................................... UntJpl^ected i t e m s ............................... All other resources ............................... TOTAL RESOURCES ........................... April g, 1921 313,322 504,061 819,751 817,383 2 , 065,992 89,612 1 , 306,949 2 ,9 7 5 ,3 5 5 128,024 2,264,010 3 ,1 09,601 3,1 0 3,37 9 2 ,4 8 1 ,8 3 4 240,205 384,689 .28*,m 242,797 393,155 102.691 936,021 1 , 218,731 91,435 2 , 983,201 2,983,201 126,400 . 1 9 2 2 1322 2 , 046,479 M a i L g g l d r e s e r v e s ........................... 2 9 , 322,429 325,355 519,332 8 45 ,287 Gold with Federal Reserve Agents . . Geld redemption fund ........................... L Mar- 1 9 2 2 139,678 217,824 103,607 723,273 738,643 2 ,25 8,35 9 227,064 200,325 2 5 ,566 87,500 148,196 89,000 247,375 151,535 6,303 102 102 1 ,1 8 6 ,13 5 1 ,1 7 9,60 5 2 ,5 3 7 ,6 0 3 38,820 38,339 21,002 7,7^2 507,586 11,647 t 7,757 470,449 16,322 16,260 4,866,144 M i 5 ,8 5 i 544,255 11,454 5 , 607,795 L I A B I L I T I E S Capital paid in ............................... S u r p l u s .............................................. Reserved for Gov't, franchise tax’ Deposits: Government ...................................... Member bank — reserve account All other ................... 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.R. note liabilities combined • - . 104,005 103,993 215,39S 215.39S 2,075 1 . 9 3 5 .5^2 1 .7 2 9 ,6 0 3 1 ,804,444 81,082 - ^ 3 ,3 1 3 17,755 *+,866,144 77 2 56,031 __ i jO J g j *+8,053 1 , 661, 93s ___H J 25 1 , 805,136 1 ,7 ^ 5 .3 16 1 ______ 3 3 i 2 9 2 2 , 193,072 S 2 , 7 0 , 1 8 8 , 7 8 1 , 8 4 2 3 80,353 ^09,333 ____17,813 4 101,226 202,036 , 8 1 5 , 8 5 1 77 -Sfa 2 ,8 9 3,9 6 4 16 7 ,15 2 4 4 5 ,1 0 _______ 8 52,393 5 , 607,795 53*5$ R e l e a s e d f o r p u b l i c a t i o n F r i d R E S O U R C E S a y m A S D o L r n I A i n B g , I L A I T p I E 7 , 1922; r i l S O F T O E n o t e F E D E R A L a r e G o G o } d d e l d T r a l a n d s e o t a e o l d g t t l e m g l d l G o l d w G o r e d l d R o i t h F e m s e r v c e n t h e . e e r t l d A t i o n a n k i f f u R . p B i c a e d - b y b a n n d e , E S T 7 B A S K S O U R A T C E C L O S E L o t a l g o l d r e s e r v g a l t e n d e n t e s , T o t a l e r e r s e o r v e s ^ F . R . B i l l s B 2 e l l s b o u g h l b i l l s o n n i s d . M S . O n A l l u n T B a n 5 $ o A l l c C e (Ir‘ th° usandii of l o l U M ) 2 N 2 2 0 Y 7 5 9 1 ^ 0 2 T O D s i l v e r , e t c e a r t h e e d a r e l l e o t h e r e v t , o p e n o t e m h a n d o t e s n a r a s o t i f i c r r a i n d S L 3 8 , 8 7 7 1 , S 1 4 b l i g a t i o n S a n F r a , , T a n • m m s s r n 5 , 1 5 , 5 2 S 3 2 . i 3 b i a 5 b l . 7 L M S * . ^ * 5 S l a . £ S t t J H « 7 . « £ l j ? $ l i ^ s " o i 7 a s s t a l g 4 5 * 3 5 5 4 , 5 , 2 8 3 , 9 S :^ f.lll & S 8 5 J 7 >S57 21^013— 21,013 3. 2^ 1.^71 170 -2->.§5z— LL?i£L_jji0 2 _ _ _ii *^70 V i ;S; s? if *J ’S55 l 24,120 m 4,476 i n e d s e b ( P t e d i t t m n e t s a g 09s 275,384 3 , 109.601 1 6 l? ,:,™ 10 l I14,724 M S 24,292 ^ 1,233 26,500 44,615 8,000 26 6,000 17,296 3,560 ^ 10 M °3 33.166 9.251 3,854 8,667 46,796 3,571 8,891 3,352 705 2>023 iy ) >■** n .278 26,661 31,035 19 - 1 5 - 52,93*+ f t 11*303 a r k e t 32.933 31,467 2,816 >+3,303 6 , 2 4 a n A c t ) 8 2 , 9 3 3 , 4 5 0 7 f199 31 4 , 0 0 0 2 4 0 , 2 0 5 . 384,689 5 9 8 > 1 7 0 . . 40,570 e s s : t s g o 15.127 s f u n o i t e m r e s o u n d a i n s 4,321 723,273 227,064 87,500 1 4s , 196 3 , 7 9 8 38,820 t 1,136 t e s 700 539 ug w ij6 7,742 s r c e s 103.'t 6 I r . E G O U I i C E S l<6*.1LU U5’239 J 3I 971 ‘*3’7W* 20,592 6l'392 J>90--- 271 -- 1,261 29,223 12.335 32.880 763 19,11* 2,029 32,522 5.158 507,586 16,260 3U7.S37 1 .5 2 M 9 1 378,527 U2M 93 206,612 19S.519 733,712 19S.830 127,12s 195.91*8 108,829 t o , 218 U.sSeilUU 2 T O T A L s s t i o n a n k t e o 2 r n i s e p B c a m e m R . i n c w e . G r l l . S a n l l a . 26 , 50U t a s r t i f i c o p o r e - y t a k R n o i c i p F < U b U S t . 2711 b. 2 2 . : t h S . y 1 9 t s 2 d o . U t e l l t a b n A o r e d u e T c u i s c o 5 , k s s S i U d A P R I L o a r d 1 9 B B U S I N E S S S > i « T O F f t n g e n f u o r R E S E R V E R F l i e , 8 2 2 428 1,258 Released for publication Friday i^ornint, Aj_r. 7 , 1522 ; not eoxlier^. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS APRIL 5 , 1522(In thousands of ioliars) Capital paid in Surplus Reserved for Govt, franchise tax Deposits: Government Member bank - reserve account A ll other Total deposits F . R, notes in actual circulation F . R. Bank notes in circulation net lia b ility Deferred availability iteas A ll other lia b ilitie s TOTAL LIABILITIES Boston Na./ York Phila. 7,969 16,433 193 27,057 60,197 1,356 111,151 99S 113*505 1 55,834 83,613 5,521 11,030 Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Son Fran.. 4,236 14,474 4,630 3,575 336 7,983 43,673 779 5,802 39,442 1,034 9,114 405 29,025 3,817 5,094 46,353 243,701 9,383 79 7 , 46s 240 4,203 7,389 9,646 n 3 7,394 - 15 ,19 s - 104,005 215,333 2,075 1,252 1,510 2,389 35,542 2,760 1,246 69,212 2,019 45,699 360 434 55,291 50,531 250,S 14 92,664 110,399 376,413 72,332 47,373 70,550 79,170 52,315 62,773 2 ,8 4 5 326 86.0 21,825 7 6 .1 77 .6 2 ,0 3 4 38,096 5,853 3,594 16,753 723 50,063 5 7 .1 2,136 75,6 1,276 933 74.6 3,100 76.9 7 4 .6 1,224 62,645 44,225 121,529 1,729,603 653 277 20,507 39,259 46,016 144,325 1 , 804,444 27,394 213,165 2,193,072, 63 .O 62.3 1,250 703 810,011 205,250 212 , 7S7 176,355 14,127 15.221 r 15 342.051 39,731 5 707 - 7 .................... . 9 1,123 157,566 69 4 ^ 98,295 114,519 407,879 5.631 3*620 31,466 ........ -- 93,034 13,864 ______________ 1 J I ’ 54,341 2,526 92,664 110,899 376,413 7 9- 170 52,3l5 70,557 7,784 81,032 443,313 17,755 4 , 366,144 75*9 677 77.7 1,198 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION 164,721 3,337 Total 4,615 3,325 9,640 2 ,9 8 4 3,537 ft,259 23,763 11,662 37,863 18,529 29,973 955 3,^94 1,2 2 1 329 4,329 643 952 74s 1,36s 1,709 34 7,S37 1 . 524,451 370,527 424,493 206.612 19 s,519 733,712 1 9 s ,s3o 127,12s 195,94s 1 0 ^ 2 9 4 2 1 ^ m f PR T » ™ 229 Rich. 633 , 2 3 4 1 0 7 , 9 3 4 14 6 ,4 7 3 633,156 19 1,12 3 197,566 44,373 F , R, notes in actual circulation I E ills bought in open inarket U . S. Certificates of indebtedness i Municipal warrants 11,420 22,509 53,267 350 13,200 Contingent lia b ility on b ills purchased for foreign correspondents 1,902 j B ills discounted l i a b i l i t i e s Cleve. ^ 9,163 1,929 3,992 673,641 104,33s 141,303 10,490 1,16 7 1,173 3,020 Ratio of total reserves to deposit and F. R. note liabilities combined, per cent 73 ,2 F« 3 . notes outstanding F'. R. notes held by banks 3,556 17,945 420 St . 2711 38,313 30,465 267,243 2,529,602 2,471 331,530 » W ^ j9 4 ,j w 0 7| os j j x , j jU 627773 '1 7 .9 9 4 212,165 2,198.072 OF IKDMIEDfffiSS A!® iroGICIRU, * m v m by w a m t m 31 bl Sp 'W * Over S0 cUys 1 9 9 12 I f ’ 063 34, u j p 'L 20,403 16,985 1,343 ^ 35.911 190,37s Xotul 6^ . S 9* 98,379 235:696 102 Released for publication Friday morning, Apr, 7 , 19Zc\ not earlier. St.2711d. FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS APRIL 5, 1922, Federal Reserve Agent at 6 Boston . New York u iuxk (In thousands of dollars) Phila CIpvp r ^v , \4i T rniia. uieve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, Total R E S O U R C E S Federal Reserve notes on hand Federal Reserve notes outstandi* Collateral security for Federal Reserve notes outstanding: Gold and gold certificates Gold rede nation fund Gold fund - F. R. Board Eligible, ..paper Amount required Excess amount held TOTAL L I A B I L I T I E 118,550 164,721 306,570 5 ,3 0 0 1 2 ,2 84 35 6,92 4 42,304 100,000 47,137 5,797 49,020 31,600 810,011 205,250 212,787 13,375 10,014 12,874 371,000 136,389 165,000 39,723 7 6 ,627 53,847 3 ,408 2 1 ,5 3 * 4 1 ,8 70 27,345 72,176 98,295 1 1 *+,519 mm 2 ,406 2 ,4 0 0 3,375 33.295 62,594 6,646 9 8 ,0 40 407,879 26,250 93,034 11,665 54,841 — 5,960 5 ,17 9 13,052 19,700 70,557 20,300 3 9 ,7 0 0 321,416 30,465 2 6 7 ,243 2 , 529,602 6,702 403,713 2,660 17,423 128,603 10,000 194,175 1,514,163 76,000 15,3 30 306,644 6 4,3 00 17,000 2 ,561 40,360 32,2 44 14,246 35,355 20,172 17,595 10,040 23,14b 27,636 2,708 5,229 1,643 11,103 2 3 ,1 69 55,645 5 ,1 0 4 433,123 215,036 453>7&9 2 , 003,219 462 , 92s 499,044 2 3 1 , cci 315,1460 933,970 222,353 124,055 166,043 10 4 , 1+19 579,290 6 , 095,656 283,271 1 ,1 1 6 ,5 3 1 254,270 244,387 126,140 106,695 505,919 119,284 66,506 32?>02k 1C6.027 31,695 S Net amount of Federal Reserve notes received from Compt4. 0la.er of the Currency 90,257 50,765 306,943 3 ,3 5 1 ,0 1 5 42,921 19,362 211,59 8 2 ,0 4 6 ,4 7 9 34,292 60,749 698,159 Collateral received from Federal Reserve Bank: Eligible paper TOTAL _ 5 2 , 934 llfi’S o 116 ,4 10 62,255 63,408 I 5 'I ? 1 69,240 ^ ’f 75 46,490 453,739 2 , 003,219 462,928 499,044 231,081 315,460 7 5 >43S 27,635 25,854 32,865 933,970 222 , 35s 124,055 166,043 104,419 579,290 6 , 095,656
@FedFRASER