The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
fttATEMSNT FOB THE PRESS 15 el ease? f o r p u b l i c a t i o n Friday morning, Au^. 21; not e a r l i e r . St. 4623 Federal ^eserve Board, August 20, 1925* CONDITION OF FEDERAL RESERVE BANKS The consolidated, statement of condition of the Federal reserve banks on August 19, made public by the Federal Reserve Board., shows an increase for the week of $21,300,000 in holdings of discrmnted b i l l s , and decreases of $l6,400,000 in acceptances purchased in opfeirmerfcet and of $5,300,000 in U. S. Government secur i t i e s . Federal reserve note c i r c u l a t i o n was $1,500,000 l e s s and cash reserves $5,300,000 l e s s than a week ago. . The principal changes in holdings of discounted, b i l l s included, an increase of $27,500,000 at the Fed oral Reserve Bank of Chicago, and decreases of $16, S00,000 at Cleveland, $10,900,000 at Boston, and $5,900,000 at New York. Reductions of $14,500,000 and. $4,400,000, respectively, in holdings of acceptances purchased in open irarket are reported, by the Federal Reserve Banks of Sew York and Boston. Treasury notes on hand declined ty $1,700,000, and. c e r t i f i cates of indebtedness by $3,800,000, while holdings of U. S. bonds increased. $200,000. Increased issues of Federal reserve notes amounting t o $2,100,000 and $900,000, respectively, were reported by the New York and Dallas Banks while the Philadelphia bank reports a decrease of $3,700,000 and the Cleveland Bank a decrease of $1,000,000. A summary of changes in the principal assets and l i a b i l i t i e s of the reserve |anks during the week and the year s i t i n g August 19, 192), follows: Increase or decrease during Week i Y ear Total reserves Gold reserves - $5,300,000 - 2,400,000 - $307,500,000 - 351,400,000 Total earning assets . . . . B i l l s discounted, t o t a l . . Secured by U.S. Government obligations Other b i l l s discounted . + 100,000 + 21,300,000 + 263,000,000 + 300,200,000 + 1,200,000 + 20,100,000 + 219,900,000 + 80,300,000 - 16,400,000 + 169,600,000 - 5,300,000 + 200,000 - 1,700,000 3,800,000 - 217,900,000 + 37,500,000 Federal Reserve notes in c i r c u l a t i o n . . . - 1,500,000 - Total deposits Members1 reserve deposits Gov eminent deposits Other deposits + 1,000,000 B i l l s bought in open market . . . . . . U. S. Government s e c u r i t i e s , t o t a l . . . B ond s Treasury notes . C e r t i f i c a t e s of indebtedness + 4,000,000 - 2,500,000 500,000 - 166,900,000 - 88,500,000 + + + - 121,900,000 79,600,000 88,300,000 400,000 9,100/000 Eeleased f o r publication Friday morning, August 21, 1925J not e a r l i e r . St. 4628a RESOURCES AND LIABILITIES OF THE TOTS FHDEEAL RESERVE BANKS COMBINED (in thousands of dollars) Aug. 19, 1325 Aug. 12, 1925 Aug. 20, 1924 RESOURCES 2,075,614 1,447,740 1,437,985 f-old with Federal reserve agents . . . . 39,947 64,433 55,694 Gold redemption fund with U.S. Treasury 2,115,561 1,503,434 Gold held exclusively against F.R.notes 1,502,418 1,502,4lS 604,190 675,046 Gold settlement fund with F. R. Board . 663,307 406,897 599,130 609,451 Gold and gold c e r t i f i c a t e s held by banks 3,126,648 2,777,610 Total gold reserves 2,775,206 26,300 130,218 133,082 Reserves other than gold . 3,212,948 2,910,692 2,905,424 Total reserves . . . 45,854 50,557 Non-reserve cash . . . . . . 50,309 B i l l s discounted: 70,570 290,432 289,251 Sec. by U.S. Government obligations 188,714 269,051 248,933 ' Other b i l l s discounted 259 , 284 559,483 538,184 Total b i l l s discounted 25,724 211,659 195,309 B i l l s bought in open market U. S. Government s e c u r i t i e s : 31,666 69,188 69,047 Bonds 224,699 391,569 226,374 Treasury not 117,875 29,373 33,159 C e r t i f i c a t e s of indebtedness . . . . 541,110 328 , 550 Total U.S. Government s e c u r i t i e s 323,260 10,500 10.500 Foreign loans on gold . . 1,750 2=3;0 1,850 All other earning assets 827,868 1,090,773 1,090,902 Total earning a s s e t s 572,931 647,738 664,573 Uncollected items 61,114 59,290 61,180 Bank premises 31,517 21,Si4 21,849 All other resources 4,750,408 4,752,658 4,794,237 TOTAL RESOURCES . . L I A B I L I T I E 5 1,738,057 1,617,678 1,616,189 F. R. notes i n actual c i r c u l a t i o n Deposits: 2,095,408 2,179,668 2,183,668 Member bank - reserve account 28,287 28,667 31,191 Government 25,380 ' 33,953 24,858 Other deposits 2,157,648 2,236,239 Total deposits . . . 2,237,193 509,847 552,794 594,188 Deferred a v a i l a b i l i t y items 112,009 115,816 116,313 Capital paid in 220,915 217,537 217,837 Surplus • • 11,932 12,324 12,517 All other l i a b i l i t i e s . . . TOTAL LIABILITIES . . . . 4,794,237 4,782,688 4,750,408 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. ¥ 75.5# 82.5$ 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 31,113 31,136 30,262 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON AUGUST 19, 1925. St. 4628b (ln RESOURCES thousands of d o l l a r s ) Boston New York Phi l a . Cleve. Rich. Atlanta Chicago St. Louis Minn. Kans. Cy. Dallas San Fran. Total Gold with Federal Reserve Agents 142,001 355,831 1 3 5 M 181,557 35,705 107,69% 135,192 15,622 45,844 51,407 27,658 204,008 1,437,985 Sold redemption fund with U.S.Treas. 16,129 10,828 13,701 4,128 2,113 2,480 2,662 2,361 2,009 3,822 1,811 2,389 64,433 Gold M i d e x c l u s i v e l y against F. R, notes Gold and Gold c e r t i f i c a t e s Total gold re serves Be serves other than gold Total reserves 158,130 48,082 31,051 366,709 149,117 185,685 37,818 110,174 137,854 17,983 47,853 55,229 29,469 206,397 1,502,418 3,96l 13,358 38,448 10,804 ' 32,564 663,307 241,405 43,634 68,295 35,423 20,244 106,489 6,612 3,503 104,072 11,491 7,591 3,432 6,743 24,312 609,4S1 342,850 23,219 44,605 237,263 13,898 950,964 215,970 299,185 6,087 7,491 34,240 251,161 985,204 222,057 79,853 133,921 348,415 4,009 10,822 16,525 33,435 16,857 68,802 1,771 97,109 3,902 2,652 50,309 1,602 24,0';U 20 u^9 7,672 10,473 441163 290,432 18,634 195,309 8,150 8,878 7,625 2;k62 7,751 20,295 21,263 36,234 239 63 2,678 69,188 2?i',659 '29,373 29,132 43,731 323,260 368 735 10,500 2,350 238,181 87,056 105,225 61,592 62,689 133,456 74,237 48,138 56,198 49,359 107,263 67,508 153,842 61,600 65,464 56,822 35,200 83,356 32,856 14,173 38,442 24,158 38,180 60,475 3,321 1,333 4,495 4,702 2,446 3,056 1,218 2,780 8,099 7,948 4,190 17,092 4,395 1,529 711 gy " 1,288 2,461 4io 3,175 266 353 598 6,570 388,518 1,415,843 373,682 489,126 208,478 250,59% 599,061 165,843 1*40,278 203,050 135,199 424,565 1,090,902 14,954 1,485 3,403 3,158 2,721 7,922 3,%03 1,158 2,193 11,145 21,372 122,736 41,579 28,803 22,625 31,387 24,478 11,947 38,361 5,780 29,020 38,650 27,617 8,125 22,123 4,383 7,034 1,730 5,892 Total b i l l s discounted 32,517 164,315 51,428 55,865 50,308 34,800 66,267 30,253 11,417 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 25,378 17,796 14,431 17,608 5,190 13,110 24,430 12,685 557 783 7,496 4,912 47,931 392 611 17,207 53 8,747 11,570 10,311 1,486 4,019 32 1,666 11,297 1,386 20,822 19,H7 1,371 3,272 27,227 317 8,836 53,235 17,871 30,628 5,537 14,349 41,310 30,816 15,964 31,351 777 2,835 976 1,124 557 430 1,449 483 346 420 Total U. S. GoWt. s e c u r i t i e s Fbreiga loans on gold All other earning a s s e t s Total earning a s s e t s •Uncollected items Bank premises _&11 -other resources TOTAL RESOURCES 9,135 263,2(3 2,775,206 130,218 5 M 306,676 33,862 144,743 364,940 50,292 70,573 101,011 5 b , I b l 263,/54 2,905,424 5,091 Mon-reserve cash BjLlla discounted: Secured by U.S.Govt, o b l i g a t i o n s Other b i l l s discounted 47,016 2,350 20,411 16,255 2,169 8,376 9,331 269,051 559,433 664,573 61,180 21,849 4,79%,237 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: Ivfemher bank - reserve account GoTerisaeirfc 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 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON AUGUST 19, 1925. St. 4628c (in thousands of dollars) Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total 163,907 339.565 147,707 210,236 69,494 133,923 l46,o4o 41,453 61,495 63,931 39,84s 19s,5S7 1,616,189 138,536 833,726 131,652 181,034 64,240 74,136 329,467 73,983 53,245 89,016 55,330 159,253 2,183,66s ,1*7^1 5,781 3,213 1,770 2,707 2,216 2,075 689 1,394 969 982 28.667 14,1^5 399 936 221 123 1,111 935 267 3.-51 152 14.723 24:053 253,522 137,532 185,183 66,231 76,966 332,794 76,933 54,201 91,561 56,451 164,963 2 , 2 3 7 , 1 9 3 l,44o 4lo l4o,436 52,706 8,601 16,382 486 T $ 52,749 20,059 22,462 11,701 3,074 392 987 920 ^ 8,950 30,425 9,971 820 1,621 633 7,497 1,058 8,977 527 7,592 15,071 760 1,239 594,183 11.6,313 217,337 IS,517 TOTAL LIABILITIES 385,518 1,415,843 373,682 489,126 208,478 250,59% 595,061 165,843 l4o,278 203,050 135,199 424,565 4,794/237 Re serve r a t i o (per cent) 82.5 82.6 77.5 77.6 61.8 68.6 76.2 42.5 61.0 65.0 58.3 73.9 75.4 Contingent l i a b i l i t y on "bills purchased for foreign correspondents 2,352 7,255 2,963 3,409 1,629 1,306 4,397 1,466 1,051 1,274 1,115 2,230 31,113 F. R.notes on hand (notes rec'd from F.R.Agent l e s s notes in circulation)17J$01 118,412 37,237 18,824 13,110 17,766 10,390 4,479 4,430 6,020 4,737 37,546 290,752 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE 1GENTS F.E.note3 r s c ' d . from Comptroller 279,488 772,597 221,344 275,410 104,584 210,094 424,887 70,292 85,235 97,684 64,447 301,333 2,907,445 F.R.notes held by F. R. Agent 97,720 314,620 36,400 46,350 21,920 58,405 258,457 24,360 19,357 27,733 19,262 65,200 1,000,504 F.R.noteh issued to F. R. bank Collateral held as security f o r F. R,notes issued to F.R.Bank: Gold and gold c e r t i f i c a t e s Gold redemption fund Gold fund - F. R. Board E l i g i b l e paper Total c o l l a t e r a l B i l l s discounted B i l l s bought in open market ;: Cert ? 3 eBJ6odne.gl$ 181,708 457,977 184,944 229,060 82,6o4 151,689 156,430 45,932 65,928 69,951 44,555 236,133 1,906,941 34,700 13,301 94,000 57,295 186,698 28,183 i4i,ooo 159,268 515,149 199,896 Within 15 days 404,336 59,057 3,247 5,200 13,327 116,889 56,525 191,941 8,780 12,777 160,000 72,426 253,983 11,775 21,160 9,000 2,250 6,694 4,547 1,847 12,295 92,000 130,645 2,000 54,254 47,891 90,525 42,927 89,959 155,525 225,777 52,549 307,501 13,052 17,136 1,792 4,047 3,022 13,247 105,034 31,000 47,360 7,500 190,761 1,025,450 31,692 23,850 19,252 62,766 719,937 77,542 75,257 47,510 266,774 2,157,922 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 16 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months 30,423 64,961 44,151 15,412 200 32,188 15,846 49,027 1,625 37,905 ^ l 5,464 " Total 559,483 195,309 29,373
@FedFRASER