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STATEMENT FOR THE PRESS
St. 4171
Federal Reserve Board,
July 31, 1924.
Released for publication
Friday morning, Aug. 1;
not earlier.
CONDITION OF EEDERAL RESERVE B.ANI~S
The consolidated statement of condition of the Federal reserve banks on July 30,
made public by the Federal Reserve Board, shows an increase of $2~·,100, 0~ in t?~al
earning assets, holdings of Government securities having increased by $2~::; ,lOO,O•Jv a' d
those of discountea bills by $3,100,000, while holdings of acceptances purchased i11
open market declined by $7,100,000. Federal reserve note c ircu1ation d~clined. by
$21,100,000 and cash reserves by $13,500,000, wnile deposit liabilities increased by
$19 '900, ooo.
Pln increase of $7,300,000 in holdings of d.iscounted. bills is shown for the
Federal Reserve Barik of New York, and a decrease of $4,700,000 for the Richmond bank,
the remaining banks reporting relatively small changes in this item. Holdings of
paper secured by U. S. Government obligatic:ns increased by $6,800,000 to $92,100, COC.
Of the latter amount, $74,300,000 was secured by Liberty and other U. S. bonds,
$16,700,000 by Treasury notes, a.rxl $1,000,000 by certificates of indebtedness.
All Federal reserve banks report decreases in their holdings of acceptances
purchased in open market, the New York reserve bank showing the largest decline, of
$2,900,000 •. Of the total increase of $28,100,000 in holdings of C·overnment securities,
$16,100,000 was in Treasury notes, $10,100,000 in bonds, and $1,900,000 in certificates of ind.ebtedness.
Federal reserve note circulation declined at all of the reserve banks except
Boston, which shows an increase of $800,000. The largest decreases were as follows:
New York $5,800,000, Chicago $4,6oo,ooo, Cleveland $3,200,000, and. San Francisco
$3,000,000. Gold reserves declined by $12,600,000 during the week, Reserves other
than gold. by $900,000, and Non-reserve cash by $5,500,000.
A summary of changes in the principal assets and. liabilities of the reserve
banks during the week and the year ending July 30, 1924, follows:
Increase or decrease during
Year
Week
Total reserves • , .
Gold reserves
...
...
' Total earning assets • • • , •
Bills discounted, total • • . . . . . .•
Secured by U. S. Government obligations
Other bills discounted • . . . . . . . •
Bills bought in open market
U.
s.
..
. . • . • .. .
. . .. •
Treasury notes • . . . . . . . .
. •
Certificates of indebtedness . . , . .
Federal Reserve notes in circulation , .
Total deposits • • . . . . .
Members' reserve deposits
Governrnen t deposits , . • .
Other d epos its . . . . . .
c.
+
+
+
...
Government securities, total . .
B orxl.s • • • •
- $13,500,000
12,600,000
..
24,100,000
3,100,000
6,800,000
3,700,000
+ $66,300,000
+ 45,200,000
-
258.000,000
512,500,000
239 '800, 000
222,708, coo
7,100,000
- 158,200,000
+ 23,100,000
+ :10,100,000
+ 411,500,000
+ 5,500,00C
+
16,10C,OOO
1,900,000
+ 310,6:-0,000
+ 95,200, occ
2l,lOO,OCO
- 426,200,000
19 '900, 000
12,800,000
5,200,000
1,900,000
+ 220,200,000
+ 207, 90:)' 000
+
+
+
+
+
+
+
3, E.OO, OJC
.
8 , 5c ("'u,'-~v
~.
...
J
I
.
Released for publication Friday u~rning, August 1,
(In thousands of dollars)
July
30, 1924
July
23, 1924
~p.g. 1,~
RE S 0 UR CE S
Gold with Federal reserve agents , , . •
Gold redemption fund with U, s. Treasury .
Qold held ext'-lusively against F.R,notes
Gold settlement fund wi tb F. R. Board. •
Gold and gold C'-ertificates held. by banks
i
Total gold reserves •
Roserves other than gold
1
417la
RESOURCES AND LIABILITIES
OF THE TWELVE FEDE!\AL RESERVE BANKS COMBINED
~
~
St.
1924.
Total reserves •
• .
.
.
. .
Non-reserve cash , • ,
Bills discounted:
Ser.• by U. S, Governrnent obligations •
Other bills di sr.ounted . •
Total bills disMunted
:Bills bought in open market ••
U, S, Government securities:
Bonds
·
Treas~- notes • .
. . . . ..
. . .
Certificates of indebto3dness • • . , •
Total U,
s.
Goverm1ent soouri tie§_
All ot;.1er earning assets . . .
Total earning ass8ts .
. .
.
5% Redemption fund - F, R. Bank notes •
Uncollected items
Bank premises .
. ' '
All other resour~es .
TOTAL RESOURCES .
2,048,062
66,725
2 ,114, 787
650,318
344,561
3,109,666
84,02§.
3,193,724
66,492
2,oso, c4 7
43,732
2, 123,779
590,814
440,31§.
3,154,905
105,093
3.259,998
49,94 7
2,100,426
36,684
2,137 .no
584,488
445,929
3,167,527
106,015
3,273,542
55,456
92,052
201,843
----293,895
24J441
85,271
205,561
290,832
31,530
381,862
424,575
806,437
182,630 .
20,303
24,905
58,897
9,991
931793
10
30,378
369' 655
105,248
505,281
353,531
103,377
824,867
477,211
1,250
800,823
1,082,870
518,145
58,573
_.;::.;28;.-L, 778
4,740,308
560,613
5S,371
27,661
4, 776,466
193
578,520
53,36:::
12,982
4,988,141
1,782,626
2,1¢7,729
2,074,636
40,118
30,097
2,144,851
l
1,250_
L I AB I L I T I E 8
F. ·R. notes in actual ~irc.ulation . • •
F. TI, Bank not~s in circulation - n~t
Deposits!
Member bank - reserve a<.'-C'-ount •
.
Goverm1ent • • .
. . .
Othllr deposits •
.
.
Total deposits . . . .
Deferred availability i terns •
Capital paid. in • .
.
Surplus .
.
,
,
All other liabilities . . . .
TOTAL LIABILITIES .
Ratio of total reserves to deposit and
F. R. note liabilities ~ombined.., . •
Contingent liability on bills purc.:1as..>d
for foreign correspondents .
c.
.
_.,/
2,0S7,395
45,385
32,015
2,164, 795
469,415
111,487
220,915
12,127
-4,740,308
5Q4,6oo
111,409
220,915
12,065
4,776,466
53.3%
;.,556
,879, 50L~
41 J 581+
23,463
1,944,551
508,543
109,497
218,369
17,896
_--:....
77. 31o
33,133
?~-
St-.. 4:ryn,....
~>31ea.se6 for pub1icattdlifriciay moming, Augu.st 1, 1924; not earlier.
RfSQ:ImES AND LIABILITIES OF THE F.EDERAL RESERVE BANKS AS AT CLOSE OF BUSINESS. JULY 30, 1924.
RESOURCES
(In thousands of dollars)
Boston New York- Phila.
Total
Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cyt Dallas San Fran.
Federal Reserve Bank of
6o,s4s
24,615
233,o60
2,0Bo,o47
208,976 620,078 187,141 214,449 43,647 122,68S 249,575 59,970 55,000
&old with Federal Reserve Agents
43, 73~
1,967 1,648 1,612
2,162 11,8 74 2,044 3,167 2,090 7,016 2,126 1,556
Gold red.enpt icn fund with U.. S.Treas • 6,470
. Gold held exclusive1~
F. R. notes
~afnst
· Gold. settlement fund with F.R.Board
. Gold I:Jld gold cer.tif. held by banks
Total gold reserves
Reserves other than gold
~-----
--~
~5.690
967,231
28,152
2,537
'
54o
25,823
8,233
34,596
47,398
47,716
4,312
85
199,015 216,493 46,814 124,778
30,853 88,270 38,33 7 10,451
32,283 18,842 10,341 7,~1
·--- -·
262,151 323,605 95.492 142,520
2,159 6, 775 4,220 12,369
256,591 62,096 56,556 62,815 26,263 234,672 2,123, 779
590,814
112,935 32,751 6,136 34,632 ~.645 29,369
g
,681
440,312
},5}6
34,695
9,106 9,659
~3.078
103,953 72,351 100,983 39,589 298,736 3,154,905
3*662 6,815 3,989 105,0)3
13,377 11,819 2,181
995,383 264,310 330,380 99.712 154,889 "465,981 115,772 74,532 104,645 46,404 302,725 3,259,998
49,947
2,649 2,351 3,398
4,334 6,800 4,}00 1,167
13,635 1,401 3,619 2,369
~52,604
24,615 16,055 13,124 9,813 3,193 8,410 4,082
14,531 8,301 7,027 30,885 27 ,2o4 28,746 14,681
39,146 24,356 20,151 40,698 30.397 37,156 18,-,63
1,406 1,542
49
7,rF7 1.,287 1' 666
220 4,436
11,202
2,915 1,191
5~
536 47,296 8,527
140,059 24,578 33.586 3,030
246 13,648 1,132
904
36,983 4,547 10,915
--·
1,002
65,380 10,319
188,244 29,674 47,416 5,125
1,250
234,957 56,567 69.253 45,B23 32,805 104,078 29,131
1ro,oo6 46,708 47,623 44,373 21,747 62,394 26,916
2,864 8,264 2,118
15,972 1,110 9,129 2,528
144
472
194 1,914
259
303
10,730
911
951 2,137 3,.696. 92,052
14,422 13,698 18,853 18,295 201,84-J
15,333 14,"649 20,990 21,991 293,895
24,441
4,987 1,849
3_45 1,186
716
7,363
14,023 21,215
4,265 5,919
12
1,234
16,328 34,65~
4, 730 13,066
30,378
369,655
105,248
25.651 27,850
22,292 47,732
505,.280..
1,250
41,329 43,685
10,752 34,058
2,889 4,595
5,459 1,296
48,269 71,572
22,885 32,967
1,912 2,880
3,670 4,252
824,.gff7
518,145
-·
58.5l3
2S,T/8
405,700 1,390~.683 370,355 46o,307 194,999 218,553 64 7,989 178,381 136,128 190,928 125,491 417,794 4, 740.1508.
TOTAL RESOURCES
...
142,021
202,970
5,065
5,200
10,265
Total u.s. Govt. securities
All other earning assets
:r'otal earning assets
Uncollected items
Bank premises
All other resources
http://fraser.stlouisfed.org/
Federal Reserve Bank of St.
. Louis
6o,414
19,830
305,265
3,924
Bills bought in open market
: U. S. Government securities:
Bonis
Treasury notes
Certificates of indebtedness
c..
622,~ijQ
9,575
Total reserves
· Nc:n-reserve cash
Bills discounted!
Sec. b,y U. S. Govt. obligations
Other bills discounted
Total bills discounted-
~-.
215,446
--
--
__ ____....._ ______________ ....... _
---~
-
----~-
--~-
--........! - -
~
-~-
-
--
-
-
-----------
-------.J _ _ _ _ _ _
_ _ ...._ _ _ _ _
-
--
______
___:,;
St. 4171c
Released for publication Friday morning, August 1, 1924; not earlier.
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, JULY 30, 1924.
LIABILITIES
(In thousands of dollars)
Federal Reserve Bank of
F. R. notes in actual ci:rculat ion
Boston New York Phila..
Cleve.
195,370
32},686 172,886 202,499
Deposits:
Member bank - reserve account
Government
Other deposits
133,919
3, 799
121
Total deposits
Deferred availability items
Capital paid in
Surplus
· All other liabilities
TOTAL LIABILITIES
Ratio of total reserves to deposit
and F. R. note liabilities
combined, per cent
142,839
45,900
8,002
16,390
199
90·3
c.
52,817 303.551
4,114
2,073
166
1,078
73,784
2, E$1
838
46,000
1,577
340
75,647 44,849 149,822 2,087,395
1,854
45,385
4,314
3,465
227
4,765
32,015
3,352
874,949 124,414 178,452 66,817 55,056 308,743 77,313 47,917 83,313
100,688 42,485 42,084 41,461 15,402 55,149 26,350 10,646 30,325
5,844
4,588 15,173
29,980 10,232 12,655
4, 388
5,053
3,376
11,672
23,691
30,426
10,072
7,484
19,927
8,950
9,496
59.929
411
624
1,452
1,451
926
911
1,334
516
1,329
6J.O
88.9
86.7
73-8
82 .. 3
85.4
84.9
65.8
71 .. 6
3,717
4,484
2,185
1,686 5,710 1,878 1,}80 1,763
FEDERAL RESERVE NOTES OUTST.ANDING AND IN ACTUAL CIRCULATION
630,355 2C9,289 228,391 78,916 144,724 256,771 69.630 68,496 69.652
306,669 36,403 25,892 10,622 11,619 19,6o7 10,553
3,120
6,870
10,882
F. R. notes outstandi:r:g
F. R. notes held by banks
Bills d iscou.nted
Bills bought in open market
Certificates of indebtedness
63.379
3,273
165
46,930 158,052 2,164, 795
25,462 33,463
469,415
8,058
111,487
4,138
220,915
7,577 15,301
1,800
12,127
1,174
4o8, 700 1, }90,683 370,355 460,307 194,999 218,553 647,989 178,381 136,128 190,928 125,491 417,794 4,74o,308
Contingent liability on bills
purchased for foreign
correspondents
F. R. notes in actual circulation
843,120 121,329 174,178
2,E#JO
3,06o
12,475
1,214
395
19' 354
Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total
68,294 133,105 237,164 59,077 65,376 62,782 39.584 201,746 1,761,569
53.6
1,456
84.1
2,913
83.0
38,054
47,492 250,684 2,273,563
7,908 .48,933
511,994
323,686 172,ss6 202,499 68,294 133,105 237,164 59,077 65,376 62,782 39,584 201,746 1,761,569
DISTRIBUTION OF BILLS AND U. S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES
From 91 da_vs
61 to 90 days
Over 6 months
16 to 30 days
31 to 60 d~s
Total
Within 15 days
to 6 mcnths
48,649
428
50,017
27,653
293,895
135,605
31,543
2,287
24,441
4,099
10,243
5,657
2,155
1,001
105,248
5,118
99,129
195,370
I
I
Releasen for pul:>l ic.<>.t ion Friday morning, August 1,
1924;
not earlier •
St.
.FEDERAL RESERVE AGENTS 1 ACCOUNTS _AT CLOSE OF BUSINESS, JULY
417ld.
30, 1924.
(In thousands of-dollars)
Federal Reserve Agent at
Boston
New York
Phila.
Cleve.
Rich.
Atlanta Chicago St.Louis Mim.
Kans.Cy. Dallas Sari Fran. Total'·
RESOURCES
Federal Reserve notes on hand
Fec:eral Reserve notes outstanding
Collateral security for Federal
Reserve notes outstanding:
Gold and gold certificates
Gold :redemption fund
Gold fund - F. R. Board
Eligible paper:
Amount req_ui red
Excess amount held
'J'OTAL
39,500
219,163
23£,120 53,000 54,370 37,650 77,283 223,240 26,100 22,515 33,753 21,937 68,500 945,968
630,355 209,289 228,391 78,916144,724 256,771 69,630 68,496 69,652 47,492 250,684 2,273,563
238,531 13,000 8, 780
3,500
9,985 13,052
12,631
334,779
30,547 12,752 10,669 2,352 5,188
5,931 3,985
948 3,488 3,434 12,907 107,927
351,000 161,389 195,000 41,295 114,000 243,644 46,000 41,000 57~360 8,500 220,153 1,£37,341
10,18 7
10,277 22,148 13 '942 35.269 22,036
7,196 9,660 13,496 8.804 22,877 17,624 193,516
2,615
28,777
851 7,878 4,946 9, 755 31,322 9,149 1,937 6,813 3,120 4,452 111,615
530,441·1,527,607 472,429 519,030 200,428 376,486 768,104 174,509 161,444179,870 120,041 574,320 5,604,709
35,300
15,676
158,000
LIABILITIES
Net arn·ount of Feclera1 Reserve notes
received frcm Comptroller
of the Currency
308,663
868,475 262,289 282,761 116,566 222,007 480,011 95,730 91,011 103,4o5 69.429 319,184 3,219,531
Collateral received from
Federal :reserve bank:
Gold _ ~
_
Eligiole paper'
620,078 187,141 214,449 43,647 122,688 249,575 59,970 55,000 60,848 24,615 233,060 2,030,047
39,054 22,999 21,820 40,215 31,791 38,518 18,809. 15,433 15,617 25,997 22,076 305,131
TOTAL
208,976
12,802
530,441 1,527,607 472,429 519,030 200,428 376,486 768,104 174,509 161,444 179,870 120,041 574,320 5,604,709
c
http://fraser.stlouisfed.org/
Federal Reserve
- Bank
I of St. Louis
'
---~1
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