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Released f o r p u b l i c a t i o n Friday morning, Aug. 28; not e a r l i e r . STATEMENT FOE THE PRESS S t . 4634. Federal Reserve Board, August 27, 1925. CONDITION OF THE FEDERAL RESERVE BANKS The consolidated statement o f condition o f the Federal reserve banks on August 26, made p u b l i c by the Federal Reserve Board, shows an increase of $20,200,000 in holdings o f discounted b i l l s , of $6,200,000 in acceptances purchased in open market, and o f $9,000,000 i n Government s e c u r i t i e s , w i t h the r e s u l t that t o t a l earning a s s e t s went up from $1,090,900,000 to $1,126,300,000. Gold reserves declined $13,100,000, other cash r e s e r v e s $4,800,000,and Federal reserve note c i r c u l a t i o n $300,000. The Federal Reserve Bank of New York reports an increase o f $28,500,000 in holdings o f discounted b i l l s , Boston an increase of $3,000,000, San Francisco df $2,400,000 and Atlanta o f $2,100,000, while the Chicago bank shows a decrease of $8,400,000, Minneapolis o f $4,000,000, and Philadelphia and Cleveland of $2,900,000 and $2,700,000 r e s p e c t i v e l y . Holdings of acceptances bought i n open market went up $3,200,000 at the New York bank, $2,200,000 at Boston, and $1,100,000 at San Francisco. Holdings of Treasury notes were $ 5 , 6 0 0 , 0 0 0 , c e r t i f i c a t e s o f indebtedness $2,900,000, and United S t a t e s bonds $500,000 l a r g e r than a week ago. The p r i n c i p a l changes i n Federal reserve note c i r c u l a t i o n were i n c r e a s e s of $6,300,000 a t Cleveland and $1,100,000 each at Atlanta and D a l l a s , and decreases o f $3,900,000 at Boston, $2,100,000 at Philadelphia and $2,300,000 at Chicago. A summary o f changes in 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 o f the reserve banks during the week and the year ending August 26, 1925, f o l l o w s : Increase or decrease during Total reserves . . . . Gold r e s e r v e s Week -$17,900,000 -.13,100,000 Year -$314,900,000 - 353,100,000 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 . . . . . . . . + 35,400,000 4- 20,200,000 + 20,300,000 100,000 4+ + + B i l l s bought in open market + 6,200,000 + 152,200,000 U. S. Government s e c u r i t i e s , t o t a l . . . Bonds . Treasury n o t e s C e r t i f i c a t e s o f indebtedness . . . . 4- 9,000,000 4500,000 4- 5,600,000 + 2,900,000 - 209,400,000 + 37,300,000 - l6l,200,000 - 85,500,000 - 300,000 - 124,800,000 - 700,000 200,000 500,000 + 86,200,000 + 101,000,000 „ 4,300,000 - 10,500,000 Federal Reserve notes i n c i r c u l a t i o n Total deposit Members' reserve 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 W. , . - 271,100,000 317,100,000 232,700,000 84,400,000 Released for p u b l i c a t i o n Friday morning, August 28, 1925; not e a r l i e r . St. 4634a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of d o l l a r s ) Aug. 26, 1925 Aug. 19, 1925 Aug. 27, 1924 RESOURCES Gold with Federal reserve agents . . . . Gold redemption fund with U.S. Treasury 1,444,444 54,343 1,437,985 64,433 2,059,620 43,314 Gold held, e x c l u s i v e l y against F«R.notes 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 1,498,787 665,842 597,524 1,502,418 663,307 609,481 2,102,934 608,095 404,238 Total gold reserves . . Reserves other than gold . . . . . . . 2,762,153 125,374 2,775,206 130,218 3,115,267 87,116 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 2,887,527 51,416 2,905,424 3,202,383 44,469 310,690 268,985 290,432 269,051 77,938 184,622 579,675 201,519 559,483 262,560 195,309 49,289 69,688 69,188 224,699 29,373 32,391 391,489 117,746 332,249 10,500 2,350 1,126,293 323,260 10,500 2,350 541,626 1,090,902 855,225 21,983 4,727,947 664,573 61,180 21,849 511,052 59,292 31,932 4,794,237 4,704,353 1,615,887 1,616,189 1,740,709 2,183,487 28,688 24,363 2,183,668 28,667 24,858 2,082,481 2,236,538 528,297 116,324 217,837 13,064 2,237,193 594,188 116,313 217,837 12,517 2,150,364 468,103 112,014 220,915 12,248 4,727,947 4,794,237 4,704,353 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 . . . . . . w. . . . . . . • i Treasury notes . . . . C e r t i f i c a t e s of indebtedness . . . . 230,255 32,306 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 579,518 Uncollected items . . . . Bank premises All other resources TOTAL RESOURCES 61,210 . 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 d e p o s i t s . . Total deposits « . . . Deferred a v a i l a b i l i t y items Capital paid i n Surplus . . . . . . . . . . All other l i a b i l i t i e s . . . TOTAL LIABILITIES . . . . 50,309 1,750 33,023 34,860 Ratio of t o t a l reserves t o d e p o s i t and F. R. note l i a b i l i t i e s combined . . . 75.0# 75.4# 82.3# 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 31,128 3l,H3 28,280 RESOURCES Boston Gold with Federal Reserve Agents 154,062 Gold redemption fund with U.S.Treas. 3>437 Gold held e x c l u s i v e l y against F. R. notes 157,499 Gold settlement fund with F.R.Board 45,062 Gold and Gold c e r t i f i c a t e s 30,045 Total gold reserves 232,606 Reserves other than gold 12,697 RESOURCES AM) LIABILITIES OF THE FEDERAL RESERVE BANKS ON AUGUST 26, 1925. S t . 4634b ( i n thousands of d o l l a r s ) New York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy., Dallas San Fran. Total 355,808 133,848 183,131 34,526 107,879 135,139 14,931 45,234 50,739 29,719 199,428 1,444,444 9,718 14,634 3,433 2,444 2,680 5,731 2,064 2,362 4,089 1,758 1,988 54,343 365,526 148,482 186,569 213,930 41,587 76,608 341,150 21,619 44,579 36,970 110,559 140,870 38,447 24,099 113,513 6,850 3,504 97,160 16,995 6,708 12,535 47,596 16,760 7,502 54,828 40,359 3,255 31,477 201,416 1,498,787 11,099 -37,670 665,842 5,335 23,990 597,524 920,606 211,688 307,756 33,522 6,029 6,225 82,267 138,162 351,543 4,237 9,320 16,026 36,238 16,937 Total reserves 245,303 Non-reserve cash 4,955 B i l l s discounted: Secured by U. S. Govt, o b l i g a t i o n s 13,673 Other b i l l s discounted 21,834 71,858 98,442 1,738- 4,267 4 7 , 9 H 263,076 2,762,153 8,906 5,420 125,374 954,128 217,717 313,981 16,623 1,131 2,265 86,504 147,482 367,569 3,352 3,329 8,067 53,225 3,418 73,596 102,709 1,175 2,260 56,817 268,49 6 2,88 7,527 2,350 2,491 51,416 135,152 57,682 28,226 20,280 32,642 20,519 14,348 37,348 8,878 27,999 35,080 22,816 8,596 2,380 710 2,520 23,485 310,690 Total b i l l s discounted B i l l s bought in op an market U. S. Government s e c u r i t i e s : Bond s Treasury notes C e r t i f i c a t e s of indebtedness 35,507 27,600 192,834 21,031 48,506 15,178 53,161 18,360 51,696 4,858 36,877 12,515 57,896 24,077 31,031 12,175 7,433 20,457 6,640 16,506 11,500 9,012 46,594 19,750 579,675 201,519 557 499 7,491 4,912 53,771 1,543 611 17,207 54 8,746 11,571 10,331 1,486 4,019 39 1,665 11,296 1,420 20,965 19,117 2,896 3,273 27,227 368 8,149 7,752 77 9,129 20,295 2,713 7,733 21,267 279 2,462 36,234 5,095 8,547 69,688 230,255 32,306 60,226 2,835 30,643 1,124 5,544 777 17,872 976 2,350 l4,38I 430 42,978 1,449 30,868 483 15,978 346 32,137 420 29,279 368 43,791 735 332,249 10,500 2,350 72,431 50,608 4,190 111 276,926 128,617 17,129 6,854 84,882 103,293 54,438 53,678 1,218 7,948 422 271 62,655 50,527 2,446 591 64,203 126,400 32,567 75,035 2,780 8,099 2,430 1,325 74,557 29,992 4,702 346 Total U.S. Gov't, 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 557 44,214 55,703 50,159 110,870 1,126,293 12,937 35,536 21,951 33,63.2 579,518 3,047 4,495 1,833 3,323 61,210 721 2,987 1,540 4,385 21,983 377,598 1,400,277 359,657 481,587 206,075 252,791 586,495 166,240 137,956 201,424 134,650 423,197 4,727,947 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 d e p o s i t s Total d e p o s i t s 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 St. 4634c RESOURCES AND LIABLE!TKES OF -THE FEDERAL RES WET BAEn^'OS-AtiGyST 26*1£25~ ( i n thousands of dollars) Boston New York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans. Cy. Dallas San Fran. Total 160,033 338,702 145,603 216,525 69,606 135,068 144,774 40,762 61,910 63,719 40,970 198,215 1,615,887 141,187 1,312 280 142,779 49,268 8,601 16,382 535 837,535 129,928 176,586 5,580 2,587 1,993 14,293 268 1,086 857,408 132,783 179,665 110,323 49,27 8 48,839 31,866 11,507 13,052 58,749 20,059 22,462 3,229 427 1,044 65,454 3,405 248 69,107 48,756 5,971 11,701 934 75,597 326,561 2,761 817 1 23 1,050 78,481 328,422 24,547 65,596 4,552 15,607 8,950 30,42b 863 1,664 75,660 3,886 1,054 80,630 29-052 5,126 9,971 669 50,499 1,422 206 39,274 1,386 1,101 52,127 12,153 3,199 7,497 1,070 91,761 32,106 4,307 8,977 554 56,009 159,197 2,183,487 28,688 2,302 1,237 24 ; 363 4,507 117 57,363 166,006 2,236,533 528,297 23,640 34,409 8,188 116,324 4,318 217,837 7,592 15,071 13,064 1,308 767 377,598 1,400,277 359,657 451,587 206,075 252,791 5-36,495 166,240 137,956 201,424 134,650 423,197 4,727,947 TOTAL LIABILITIES 75-0 66.1 64.5 43.8 57-8 62.4 73.7 69.1 78.2 77-7 79-8 Reserve r a t i o (per cent) 51.0 79.3 Contingent l i a b i l i t y on b i l l s pur2,230 31,128 1,115 1,274 1,466 1,051 1,306 1,659 4,397 3,409 7,870 2,963 chased f o r f o r e i g n correspondents 2,358 F.R.notes on hand (notes rec'd from 299,720 6,578 40,797 4,979 3,97 8 7,564 F.R.Agent l e s s notes i n c i r c u l a t i o n ) 1 8 , 6 3 6 116,909 35,772 14,459 13,959 20,671 12,418 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 770,231 219,775 274,584 109,804 210,039 425,649 70,101 85,135 99,Ol6 65,910 301,812 2,908,605 F.R.notes rec'd from Comptroller 276,549 992,998 314,620 35,400 43,600 26,239 54,300 268,457 24,360 19,247 27,733 18,362 62,800 F.R.notes held by F. R. Agent .. 97,880 F.R.notes issued t o F. R. Bank Collateral held as s e c u r i t y 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 C e r t i f i c a t e s of indebtedness 178,669 455,611 184,375 230,984 83,565 155,739 157,192 45,741. 65,888 71,283 47,548 239,012 1,915,607 309,098 18,733 9,000 11,775 13,052 186,698 5,200 8,780 21,160 12,930 101,659 1,152 3,48b 1,656 4,071 5,879 4,494 25,110 11,759 14,351 3,379 1,500 31,000 47,360 7,500 186,498 1,033,687 141,000 116,559 160,000 9,295 . 93,000 130,645 747,m 158,156 57,751 70,815 55,993 49,324 51,571 43,177 27,776 23,074 20,504 66,263 543,964 191,599 253,946 90,519 157,203 217,010 58,108 73,010 73,813 50,223 265,691 2,192,255 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS Total % ^ays to over 6 months Within 15 days 16 t o 30 days 31 to 60 days 6l t o 90 days 6 months 579,675 27,961 62,041 39,568 11,625 224 438,256 201,519 37,205 53,601 36,469 12,160 62,054 32,306 17,144 2,000 3,169 5,713 4,250 34,700 10; 362 109,000 63,107 217,169
@FedFRASER