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1 ' ; , ,,44,&% a.. 6 ·'. 4. STATEMEN'.I' FOR THE PBESS St. 3629 Federal Reserve Board, August 2, 1923. Relea.sad :to-r publication Friday morning, August 3; not earlier, CONDITION OF FEDERAL RESERVE Bh~S An increase of $45,900,000 in ho:l:dings of discountad bills and of $5,800,000. in acceptances pureha.sed in open markJt, accompanied with a rech~ction of $2,500,000 ln. Government security holdings, is shown in the Federal R,;)s3rve Board's waekly consdlldated. bank statement i ssuod as at close of business on August 1 1 1923. Cash raserves deGlined by $6,300 1 000 and FedJral rJs<Jrve nota circulation - by $7,100,000, while deposit liabilities incraasJd by $48,000,000, these changas being reflGctad in a dJcline of tha reserve ratio frorr1 78.2 to 77.3 per cent. The Federal Reserve Banks of New York Philadelphia., and Chicago report increases of $41,800,000, $3,600,000 and $4,1oo,ooo, 'respectively, in holdings of bills discounted, while the banks at Richmond and Kansas City shows dacreasGs of $2 1 600,000 and $2,300,000, respeC'lti vely. Of the remainin~ banks four report increases aggrzgating $3,4oo,ooo, and three - declines totaling $2,100,000, Gold rzsarves decreased by $3,900,000 during the week, the Cleveland. bank re ... porting a net loss of $12,000,000 as compared with a net gain of $18,700,000 the preceding week. The Federal Reserve Bank of Atlanta also shows a substantial decline in its gold. reserves, amounting to $7 ,600~000, while four othar banks report net losses aggragating $6,ooo,ooo. Increases of $4,700tOOO, $8,100,000 and $3,500,000, respectively, are shown by the banks at Eoston, New York, and Kansas City, while the thG thrae remaining banks gainad $5,500,000 during the week, Reserves other than gold declined by $2,400,000, Six of the reserve banks show increases in their Federal rGserve note circulation aggregating $5,700,000, which arr1ount is more than offset by a total decrease of $12,800,000 Shown by the other banks, Holdings of paper secured by GovarmJent obligations increased by $17 ,4oo,ooo, the total held at the end of the wGek being $381,900,000 as compared with $364,4oo,ooo a week earlier, Of the total held, $237,800,000 or 62.3 per cent was secured by u. s. bonds; $126,6oo,ooo or 33.1 per C'lent by Treasury notes; and $17,500,000 or 4,6 per cent by certificates of indebtedness, as corr~ared with $231,800,000, $115,900,000 and $16,700,000 reported tha week before. A sunmary of changes in the principal assets and liabilities of the reserve banks, as C'lOmpared with a week and a year ago, follows: Total reserves • • , , Gold reserves. , • , • • t ' , • f ' • t 9 I Increase or DeC'lrease In rrullions of dollars since July 25, 1923 Aug. 2, 1922 ... .. ... 6.3 3.9 + 9.0 38.2 Total earning assets • , • • • • • , • • • • , , Discounted bills, total •• , , . • • • , Secured by U, s. Go,vernrilent obligations •• Other bills discounted • • , • . • ••. + + + + 49.2 45.9 1],4 28.5 Purchased bills • • • • • , . + 5.3 + 35.2 + 406.6 + 251.6 + 155 .. 0 + 32,1 2.5 1, 2 1.3 4o3. 5 114.9 238,6 . . ... . • • . . United States securities, total • •. , Bonds and notes • • • , • , , . •. , . . . . . u. s. Cartificates of indebtedness. ·- . . . . Total deposits , • • • • • . , , .. . . . •• , , • . . .. . . Members' reserve Government deposits ••• , • •· 1 ' 48.0 + 4o.2 6.8 1,0 + + • • 7.1 + . . .. ,l • • • • • • ..' F, R. Bank notes in circulation net liability • • . • • . • , • • • • .. C, • . deposit~ Other deposits , • • , , . , •. , . Federal Reserve notes in circulation . • • f + + + + 59.5 41.7 24.6 6.8 47,6 6o.5 Released for publication Friday morning. August 1 3, l923i not e3.rlier. RESOURCES AND LIABILITIES OF THE T'v''~iELVE FEDERAL RESERVE B.MiXS COMBINED (In thousands of dollars) Aug, RESOURCES Gold and gold certificates , , • • • • • Gold settlement fund - F, R, Board , , , 109,629 218,369 105,589 215,398 41,584 1,879,5o4 23,463 1,944,551 2, 1871729 34,784 1,339 ,262 22,521 1,896, 567 2,194,871 16,926 1,837 ,s4o 30,257 1,885,023 2,14o ,121 1,556 508,543 17,896 4,988,141 1,608 513,767 17 1951 62,046 429,712 21,242 4,952' 762 4.859,131 78,2% 79.6% I « I • ~4,058 3,193.724 66,492 . • • • , • • 381,862 424,575 182,630 939,067 83,802 9,991 10 1,082,870 53,360 • • • • , . • • , • , • . • 193 578,520 12,982 ... • , , • • • 1 1 1 , • ... ' .' . L I AB I L I T I E S Capital paid in , • . . . . ' . . . . . .. Surplus • . , • • • • • I ' Deposits: Government . Membsr bank - reserve account Other deposits , , , • • • • • • .. 1t ... • # • ' • • To tal depo sit s F. R, notes in actual circulation • t F. R, Bank notes in circulation net liability • • ' Deferred availability items • , • ' All other liabilities , • • • • , ' , 109,49 7 218,369 • TOTAL RESOURCES • • • 1 6,769 542,711 161750 4,859,131 • To tal earning as set s , , , • 1 4,983,141 193 5781566 12,967 4,952, 762 t , • • , Bank premises ·• , • • , • 5~ Redemption fund against F, R. Bank no t e s • • • • Uncollected items • • • • All other resources • • , 1,047,648 42,569 • Total bills on hand • , , U, s. bonds and notes , • , • , • U, s. Certificates of indebtedness Munic.ipal warrants , • • • . , . • • I .. ... ...' .. • , • TOTAL LIABILITIES • Ratio of total reserves to deposit . and F. R, note liabilities combined , • , . Contingent liability on bills purchased for foreign correspondents . 1 • , •• 77·3% c. * 3 29,860 33,133 *Not shown separately prior to January ' 19~~ 1,033.697 53,309 • • , , 2, 130,293 269,506 150,497 550,296 198 '751 298,598 ' ~ Aug, 364,413 396,126 176,864 937.403 85,016 11,268 10 • ..... • . .. .... 25, 1923 316,231 489,619 805,850 2,223,384 42,190. 3,071,424 131,260 3,202,684 • Total reserves •• , • • Non-reserve .;cash , • • • Bills discounted: Sec, by U, S, Government obligations Other bills discounted • • , • , . , Bills bought in open market , • • • , July 332,289 662,477 994,766 2,058.246 Go, 539 3,113, 551 86,454 3,200,005 74,025 ;44,561 650,318 994,879 2,048,062 66,725 -3.109' 666 To tal gold held by bank~ • , , • • , , Gold with Federal Reserve Agents • • , • , Gold redemption fund • , • , , • • • • • Total gold reserves , • • Reserves other than gold , , l, 1923 1923, !Released for publicat1.on Friday morning, August 3, 1923; not earl~er. BESOURCES JJ:ID LL\BILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE ' St. 3629b OF BUSINESS, i.UGU~ 1, 1923. (In thousands of dollars) RESOURCES Federal Reserve Bank: of Gold and gold certificates. Gold settlement fund - F. R. Loard Total gold held by Gold wi. th F. R. Agents Gold rzderr~ti.on fund b3.n..~s Total gold reserves Reserves other than gold Total reserves NOn-reserve cash ltl.lls discounted: .sacurad by u.s.Govt# ob1ig~tions Other bills disco~ntad :Bills bougllt in opan market Total bills on hand u. S. u. s. bonds ~nd notes Certificatas of indebtedness Municipal \1\18.rrants Total earning assets Bank premises 5% Rederr~tion fund against F. R. Bank notes UncolleC'.ted items All other resources TO'l'.iJ:, RESOURCES c. Boston New York Phila. Cl;;;ve. Bieh. Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Fran Total 12,176 17,124 168,181 25,123 14,161 10,145 6,375 51,026 3.959 8,318 3,34o 21,633 344,561 4,993 61,795 176,878 27,863 89,219 32,579 l~,q51 104,94o 25,056 20,872 53,220 35,952 650,318 345,059 55,986 103,3¢0 42,724 23,Jt!6 155,966 29,015 29,190 56,560 636,710 166,427 207,319 27,409 105,119 332,4oo 51,467 35~242 38,130 10,073 12,966 1,946 6,595 1,685 8,086 3.335 2,115 2,873 17,169 12,897 1,092 57.585 994,879 196,423 2,043,062 4,349 6,6,725 991,342 235.381 312,645 76 ' 726 130 ,130 546 , 454 33,817 66,547 97 .563 6,547 5,522 2,455 5,209 3,733 13,392 720 3,634 25~479 284,506 1,017,321 241,928 313,167 19,133 135,339 555,242 97,209 67,267 101,247 31,15¢ 4,837 256,357 3,109,666 1,913 84,056 260,270 3,193,724 78,919 138,519 11,606 279,044 5,462 13,336 7,666 16,936 27,363 14,314 61,163 143,391 61,015 4o 1 0CO 249,406 3,370 474 65,507 4,434 - 1,902 3, 705 6,105 36,045 3,453 3,491 7,470 66,492 30,306 23,312 6,270 33,714 15,753 4,727 101777 23,997 36,643 35.725 42,776 30,432 22,359 31,006 'i11231 1,736 Sa223 41.246 2,227 36,090 66,741 50,933 123,336 43,497 27,536 41,763 206 3,177 7,251 11,370 7,220 6,003 17' 367 9.953 1,341 248 14 1 3,076 6,091 4o 47 10 - 6 •484 36,115 112(0 45,869 30,436 50,737 12.630 9t3,361 1, 779 9,135 331,362 424,575 132.630 939,067 33,302 1,577 5,353 3,333 3,096 42,171 23,357 19t27 4 85,302 - - - 261,580 102,633 96,291 63,082 721 9,154 2,617 12,719 - - - 51,150 140,069 55.748 2,679 3, 715 1,039 - 33,996 49,050 1,624 4,965 - ·100 -, 65 55,057 131,175 51,299 6o, 531 49,4go 21' 574 77,739 29,677 12,940 33,153 624 146 1,645 811 562 1,127 279 151 330 557 42},491 1,431,563 393,612 486,17g 20l,5o6 217,157 790,857 139,926 125,763 192,784 - - - - - 47.643 1,947 23 18,574 2,671 110,704 9,991 10 106,046 1,032,370 2,746 53.360.. - 193 36,961 573,520 12,952 3,377 417,370 4,93o,l41 Released for publication Friday morning, August 3, 1923; not earlier. . St.3629c RESOURCES AND LIABILITIES OF THE FEDERAL HESERVE BANKS AT CLOSE OF BUSINESS AUGUST 1, 19 23. L I AB I L I T I E S (In thousands of dollars) Total Rich. Atlanta Chicago St.Louis Minn. Kans.Cy Dallas San Fran. Boston New York Phil a~ Cleve. Federal Reserve Barik of 4,416 15,151 4,956 7,802 3,540 4,580 4,192 5,702 8,110 1C9 1497 29' 108 9) Tf2 12,168 Capital paid in 15,263 218,369 9,488 7,496 11,288 8,942 30,393 9,665 7,473 59,800 18' 749 23,495 16,312 Surp•.us Deposits: 41,584 2,425 1,527 7,476 2,793 1, 719 2,270 1.422 3,534 3, 776 2,878 2,055 9, 709 Government 14o,885 1,879,504 43,314 52,240 270,650 68,837 43,847 79,533 125,588 715,734 115,529 164,342 59,005 Member Dank - reserve account 258 4 , 290 v 2 3 J 463 818 472 183 133 1,356 131456 5J5 1,025 709 243 Other deposits 7331 3<)9 118 469 169 1 J.4) 62,066 53' 905 279 I l.~Z?. 72,339 46,038 82,621 44,994 148,709 1,944;551 127 J 836 Total deposits F.R. notes in act~al circulation 219,631 497,762 204,916 227,9e1 77,036 132,256 401,106 72,235 55,010 59,994 31,858 208,018 2,187' 729 F.R. Bank notes in circulation 1,079 477 1, 556 net l:i ahiUty 50,733 102;578 45,560 53:977 44,437 16,647 61,831 29,664 12,502 35,154 19,648 35,762 508,543 Deferred availability iteiT$ 769 3,441 1,}46 1,438 977 991 1,810 1,067 1,205 947 2,039 1,816 17,896 All other liabilities 423,4911,431,533 398,812 433,178 201,506 217,157 790,857 189,926 125,768 192,784 110,704 417,370 4,988,141 TOTAL LIABILITIES J Ratio of total reserves to deposit and F. R. note liabilities combined, ~~r cent 31.9 Contingent liability on billS purchased for foreign correspondents 74.8 11,466 2,849 30.1 3,578 81.6 1,723 1,358 4,605 66.6 1,453 1,126 t 73 .. 0 71-0 1,425 1,193 2,352 33,133 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F. R. notes outstand:i.ng F. R. notes held qy banks 240,556 20,925 746,619 235,734 265,307 83,778 136,466 459,757 90,062 59,388 248,857 30,818 37,400 6,742 4,210 58,651 17,827 4,378 69,473 35,191 250,827 2,673,I5S 9,479 31333 42,809 485,429 59,994 497,762 204,916 227,907 77,036 132,256 4ol,l06 72,235 55,010 DISTRIBUTION OF BILLS, u~ S" CERTIF!CATES OF INDEBTEDNESS .AND MUNICIPAL WARRANTS BY MATURITIES 16 to 30 days Within 15 days 31 to 60 days 61 to 90 days !~ 06~;n~:s Over 6 months Total 57,073 528,303 95,014 87,339 38,576 132 806,437 Bills discountad 32' 123 47,367 44,271 2,523 182,630 56,346 Bills bought in open market 5,111 3,480 973 427 U. S, Certificates of indebtedness .9,991 -~ 10 10 Municipa1 warrants F. R.. notes in actual circu1at ion w. 219,631 Re.1.eascd for pu~i.cation Friday morning, August 3, 1923; not earlier~ St.. 3629d FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, AUGUST 1, 1923.. (In thousands of dollars) Federal Reserve Agent at RESOURCES Federal Res0rve notes on hand Federal Reserve notes outstanding Collateral security for Federal Reserve notes outstanding: Gold and gpld certificates Gold redemption fund Gold fund - F. R. :Board Eligible paper Amount required Excess amount held TOTAL Boston New York Phila.. Cleve. Rich. Atlanta Chicago St. Louis Minn. Kans.Cy.Dallas San Fran Total 90,650 24o,556 313,260 53,200 25,220 25,210 73,672 746,619 235.734 265,307 83,778 136,466 110,700 24,890 13,145 29,913 459,757 90,062 59,333 69,473 19,469 !}1,300 855.629 35,191 250,327 2,673,158 35,300 15,219 138,000 7,000 3,305 235,531 2,4oo 30,179 12,038 13,514 2,614 5, 719 371,000 147,389 185,000 24,795 97,000 11,330 13,052 10,755 3liB1 1,190 3, 770 371,645 36,_500 21,000 34,360 6,461 320,429 2,436 16,7•1 117,262 4,000 179,682 1,610,371 52~037 9,126 109,909 69,307 57,988 118,335 5,931 22,345 56.369 31,347 8,182 19,549 77,357 51,473 33,595 24,146 iJ,902 2,921 31,343 10,423 22,294 54, l.!o4 23 l.!o5 41,616 J 625,096 323,208 580,888 1,924,833 530,599 578,179 200,943 371,153 1,081,687 214,916 134,e-42 179,232 113,256 614,570 6,525,153 LIABILITIES Net amount of Federal Reserve notes received from Comptroller of the Currency 331,206 1,059,879 283,934 290,527 108,983 215,138 570,457 114,952 72~533 99,386 54,660 322,127 3,528,787 Collateral received from Federal Reserve Bank: Gold Eligible paper 183,519 61,163 332,4oo 51,467 35,242 128,830 48,497 27,067 38,130 41,766 12,897 196,423 2,048,062 45,699 96,020 948,304 580,883 1,924,333 530,599 578,179 200,948 371,153 1,081,687 214,916 134,842 179~282 113,256 614,570 6,525,153 c. TOT.AL http://fraser.stlouisfed.org/ Federal Reserve Bank Ec..:__ ___ .::::::.... ---of St. - - - Louis 636,710 166,427 207,319 27,409 105,119 228,244 75,238 80,333 64,551 50,896 --~- ----~·----·---~ ~---·--·-- --------------
@FedFRASER