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1 Released for p u b l i c a t i o n Firday morning, Aug. 14; not e a r l i e r . STATEMENT FOR THE PRESS Federal Reserve Board, August 13, 1925. CONDITION OF FEDERAL RESERVE BANKS The consolidated statement of c o n d i t i o n of the Federal reserve banks on August 12, made p u b l i c by the Federal Reserve Board, shows a decrease of i 7 °S*22° i n holdings of discounted b i l l s , of $4,900,000 i n Government s e c u r i t i e and of $300,000 in acceptances purchased in open market, with the r e s u l t t h a t t o t a l earning a s s e t s went down $10,900,000. Federal reserve note c i r c u l a t i o n i n creased $12,100,000 while cash reserves declined $3,600,000. The Federal Reserve Bank of Cleveland shows an increase of $20,500,000 i n discounted b i l l s , while the Chicago bank r e p o r t s 1 decrease of $13,200,000, New York $7,400,000, San Francisco $6,300,000,and St. Louis $31^00,000. Smaller changes i n discount holdings are reported by the remaining v QJluKSg Holdings of acceptances purchased in open market changed but l i t t l e during the ^ week. Treasury n o t e s on hand declined by $2,700,000, Treasury c e r t i f i c a t e s of indebtedness by $1,800,000, and U. S. bonds by $*J00,000. The p r i n c i p a l changes in Federal reserve note c i r c u l a t i o n during the week comprise increases of $7,500,000 and $6,600,000, r e s p e c t i v e l y , reported by the the Cleveland and P h i l a d e l p h i a reserve banks, and a decrease of $2,800,000 r e ported by Boston. 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 the reserve banks during the week and the year ending August 12, 1925, f o l l o w s : Increase o r decrease during Week Year Total r e s e r v e s Gold reserves -$3,600,000 -400,000 -$322,700,000 - 366,800,000 Total earning a s s e t s B i l l s discounted, t o t a l Secured by U. S. Government o b l i g a t i o n s Other b i l l s discounted -10,900,000 - 5,700,000 -14,000,000 + 8,300,000 + + + + B i l l s bought in open market 300,000 U. S. Government s e c u r i t i e s t o t a l Bond3*.,,,, Treasury n o t e s 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 . . Total deposits Members' reserve d e p o s i t s Government deposits Other deposits W. - 4,900,000 400,000 265,000,000 272,000,000 207,300,000 64,700,000 +193,600,000 -211,700,000 + 38,900,000 - 2,700,000 - 1,800,000 -172,100,000 - 78,500,000 +12,100,000 -134,300,000 -29,700,000 -32,100,000 + 3,000,000 600,000 + + + - 70,700,000 74,200,000 6,200,000 9,700,000 Released for p u b l i c a t i o n Friday morning, August 14, 1925/ not e a r l i e r . St.46l6a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANTTS COMBINED (In thousands of d o l l a r s ) Aug. 12, 1925 Aug. 5, 1925 Aug. 13, 1924 RESOURCES Gold with Fee* eral reserve agents . . . Gold redemption fund with U.S. Treasury Gold held exclusively against F.R.notes 1,447,740 55,694 1,503,434 1,436,480 57,715 1,494,195 Gold settlement fund with F. R. Board Gold and gold c e r t i f i c a t e s held by banks Total gold reserves . . Reserves other than gold . 675,046 599,130 2,777,610 133,082 686,989 596,830 2,778,014 Total reserves . . Non-reserve cash . . . . 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 discounted . . . . . . Total b i l l s discounted . . B i l l s bought in open market U. S. Government s e c u r i t i e s : B ond s • • • • • • « Treasury notes . . . . . C e r t i f i c a t e s of indebtedness Total U.S. Government s e c u r i t i e s Foreign loans on gold All other earning a s s e t s Total earning a s s e t s Uncollected items Bank premises All other resources . . , . . TOTAL RESOURCES . . 2,080,982 32,157 2,113,139 612,076 419,210 3,144,425 89,012 2,910,692 136,289 2,914,303 3,233,437 50,557 49,756 48,556 289,251 248,933 538,184 303,260 240,577 81,988 184,211 543,837 266,199 211,659 211,972 19,028 69,047 226,374 33,159 328,580 69,441 229,071 34,982 30,113 398,467 111,740 333,494 540,325 10,500 1,850 1,090,773 10,500 1,850 1,250 647,738 61, l l 4 21,814 1,101,653 592,665 60,975 21,764 825,802 586,953 58,771 31,308 4,782,688 4,741,116 4,784,827 1,617,678 1,605,557 1,752,025 2,179,668 31,191 25,380 2,236,239 2,211,753 28,201 26,013 2,265,967 2,105,484 24,995 35,023 2,165,502 582,794 115,816 217,837 12,324 524,173 115,677 217,837 11,905 522,516 111,867 4,782,688 4,74i,li6 4,784,827 L I A B I L I T I E S F. R. notes in actual c i r c u l a t i o n Deposits: Member bank - reserve account . Government Other deposits Total deposits Deferred a v a i l a b i l i t y items Capital paid in Surplus All other l i a b i l i t i e s . . . TOTAL LIABILITIES . . . 220,915 12,002 Ratio of t o t a l reserves t o deposit and F. R. note l i a b i l i t i e s combined . . 75.5# 75-3# 82.5$ Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents . . . . 31,186 31,508 31,177 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON AUGUST 12, 1925. (in thousands of d o l l a r s ) RESOURCES Boston 2SS New York F h i l a . ^ Gold held exclusively a g a i n s t s Cleve. »g : gS Rich. Atlanta 10 Chicago St.Louis 1X l:% <Z Minn. Kans.Cy. Dallas San Fran. 1: 0 1S " E g Total r e s e r v e : % % % ! % % : Total b i l l s discounted 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 notes C e r t i f i c a t e s of indebtedness Total U.S.Gov't, s e c u r i t i e s Foreign l o a n s on gold All o t h e r earning a s s e t s Total earning a s s e t s Uncollected items Bank premises •All other resources TOTAL RESOURCES c• Total ' —— 153,199 362,780 1 4 7 , 7 a 13U,gi6 38,705 110,301 138,883 21,465 48,113 55,646 30,113 206,692 1,503,434 228,131 12,897 911,059 217,302 297,657 37,026 5,757 6,591 82,637 137,837 377,586 4,180 12,035 16,181 w,781 18,331 70,610 2,022 98,568 3,685 46,577 264,815 2,777,610 9,083 5,294 133] 0*2 241,028 948,085 223,059 304,248 86,867 149,872 393,767 63,112 72,632 102,253 55,660 270,109 2 , 9 1 0 ^ 2 a s a s a s a % 'i:g - a s « ; a t a Total g o l , r a s h e s Beserve. other than gold St. 46l6b 4,860 15 101 ' 3,305 a 2:£2 43,446 29,781 173,259 32,263 45,857 14,102 557 719 7,500 4,912 49,217 3,937 8,776 777 58,066 2,835 82,780 62,l4l 4,190 95 266,423 148,706 17,027 6,594 3,485 7,903 3,459 S-SS 72,619 16,602 46,600 6,085 1,442 2,717 50,557 —7, < . IL.-r, r., 8,047 9,723 15,373 8,529 -VI--"41,802 18,999 538,184 211,659 8,879 20,295 2,645 7,586 21,720 181 2,461 36,234 4,979 69,047 226,374 33,159 41,703 30,76S 15,950 31,819 29,487 368 43,674 735 328,580 24,028 1,833 1,531 42,102 3,320 4,4ii 647,738 61,114 21,814 38,798 25,122 22,575 11,555 7,331 19,687 611 5,746 17,207 11,571 53 10,294 1,486 1,662 4,019 11,296 25 1,367 20,726 19,118 1,859 3,272 27,227 8,149 7,751 50 17,871 976 1,850 30,6ll 1,124 5,530 557 80,656 120,956 59,720 57,489 1,218 7,948 264 408 58,772 53,140 2,4#6 618 1,449 269 483 346 420 56,443 107,072 65,331 43,314 55,659 4o,oii 4,495 719 32,167 2,780 2,467 2,430 g s s-ss M2sr i-s« s - h s s s - « s 28,127 13,561 14,325 430 2,222 12, 82,463 8,099 1,309 31,584 4,702 351 14,187 3,056 3,047 10,500 1,850 4s,107 105,210 1,090,773 395,094 1,401,936 366,246 493,353 205,i4g 247,214 600,613 168,559 137,67s 205,359 133,589 427,869 4,782,688 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS CN AUGUST 12, 1925. ( i n thousands of d o l l a r s ) L I A B I L I T I E S Boston New York P h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis Minn. Kans.Cy. Dallas F. R. notes in a c t u a l c i r c u l a t i o n 164,272 337,418 151,335 211,196 68,803 134,484 146,465 4i,885 61,221 63,381 38,914 Deposits: 142,415 827,274 127,944 189,506 64,506 69,795 329,365 76,356 50,493 89,983 55,207 Member bank - reserve account Government l,34l 5,955 2,926 3,328 2,084 2,554 4,607 2,415 1,101 1,849 1,063 249 14,912 260 1,046 216 ether deposits 135 1,106 1,147 223 1,183 139 Total d e p o s i t s 144,005 848,141 131,130 193,880 66,806 72,484 335,078 79,918 51,817 93,015 56,409 Deferred a v a i l a b i l i t y items 61,343 122,798 52,068 51,865 5l,Ol4 25,919 71,474 31,111 12,904 35,152 25,603 Caipital paid in 8,589 31,729 11,234 12,970 , 5,977 4,574 15,604 5,120 3,201 4,310 4,318 Surplus 16,382 58,749 20,059 22,462 11,701 8,960 30,426 9,971 7,497 8,977 7,592 All other l i a b i l i t i e s 503 3,101 370 980 847 803 1.566 584 1.038 524 153 TOTAL LIABILITIES 395,094 1,401,936 366,246 493,353 205,148 ^7,214 600,613 168,589 137,678 205,359 133,589 80.0 Reserve r a t i o (per cent) 78.2 79.0 75.1 64.1 72.4 81.8 51.8 64.3 65.4 58.4 -Cantingent l i a b i l i t y era b i l l s p u r 7,928 -aflesed f o r f o r e i g n correspondents 2,358 2,963 3,409 1,689 1,306 4,397 1,466 1,051 1,274 1,115 "3SB.ndtes on hand (notes r e e ' d from SMLAqent l e s s notes in c i r c u l a t i o n ) 22,411 117,869 31,958 18,811 12,565 13,878 10,568 4,891 5,031 7,409 6,107 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 282,063 772,067 216,943 276,357 104,347 208,222 426,4go 71,136 84,789 97,723 64,883 F.R.notes r e e ' d from Comptroller 95,380 316,780 33,600 46,350 22,979 59,860 269,457 24,360 18,537 26,933 19,862 notes held by F. R. Agent F.R.notes issued t o F.R. bank 186,683 455,287 183,343 230,007 81,368 148,362 157,033 46,776 66,252 70,790 45,021 C o l l a t e r a l held as se c u r ity f o r F.R.notes issued to F.R.Bank: 34,100 186,698 5,200 8,780 21,160 9,000 Gold and gold c e r t i f i c a t e s 11,775 13,052 17,136 28,182 15,876 Gold redemption fund 9,926 13,924 3,474 7,622 4,547 1,691 1,296 3,086 3,459 94,000 i4i,ooo 119,889 160,000 Gold fund - F. R. Board 91,000 130,645 73,227 179,897 51,374 88,769 41,659 63,814 E l i g i b l e paper li-M Total c o l l a t e r a l B i l l s discounted B i l l s bought in open market C e r t i f i c a t e s of indebtedness 217,203 3^ S t . 46l6c San Fran. Total 198,254 1,617,678 156,824 2,179,668 1,968 4.764 31,191 25,380 163,556 2,236,239 41,543 582,794 8,190 15,071 1,255 115,816 217,837 12,324 427,869 4,782,688 74.7 75.5 2,230 31,186 39,938 291,436 303,392 2,908,412 65,200 999,298 238,192 1,909,114 & H ? ifcgg « 13,619 306,901 106,702 535,777 186,389 271,473 88,140 149,261 199,006 53,584 73,165 75,783 46,347 264,631 2,160,779 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 91 days t o over 6 months Total Within 15 clays l 6 t o 30 days 31 t o 60 days 6l t o 90 days o months 401,591 26,9*40 54,683 39,236 15,550 184 538,184 84,744 34,767 43,359 38,627 10,162 211,659 6,767 17,017 3,832 5,543 33,159
@FedFRASER