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4¥,"'! h,',>••·'
"' $
-"!-7/.!
STATEMENT FOR THE PPESS
st. 366s
Federal Reserve Board,
August 30, 1923.
for publication
Friday morning, Aug. 31;
not earlier.
Release~
CONDITION OF FEDERAL RESERVE BAm{S
Increases of $34,900,000 in holdings of discounted bills, of $3,800,000 in
holdings of United States securities, and of $24,000,000 in member bank reserve deposits are shown in the Federal Reserve Board 1 s weekly consolidated bank statement
issued as at close of business on August 29, 1923. Total. reserves and Federal reserve notes in circulation show but nominal changes, while the reserve ratio declined from 77·9 to 77·5 per cent.
Increases in the holdings of discounted bills are report-3d by the three eastern
banks and the banks of Atlanta and San Francisco. The latter shows an increase of
$15,300,000, New York- an incr.ease of $12,900 1 000 and :Doston - an increase of
~$9,3'JO,OOO. The other seven banks 1n the middle west and south report a total decrease of $9,100,000 in their holdings of discounted paper. Holdings of paper secured by United States Government obligations increased by $16,200,000, and of the
total of $376,200,000 held on August 29 - $251,200,000 was secured by United States
bonds, $10S,500,000 by Treasury notes, and $16,500,000 by certificates of indebtedness.
Total gold reserves declined by $1,900,000. Changes in gold reserves of the
Federal reserve banks during the week indicated a gold movement away from New York,
San Francisco, Atlanta and Boston, to other Federal reserve banks, principally to
Chicago, Cleveland and Dallas. Reserves other than gold increased by $1,600,000,\fthile
non-reserve cash declined by $10,900,000.
Only nominal changes are reported in Federal Reserve note circulation, the
system as a whole showing a decrease of $}00 1 000. The principal increases in note
circulation are reported by Philadelphia, Cleveland and Kansas City, and the princi•
pal decreases by New York and Atlanta.
A summary of changes in the principal assets and liabilities of the reserve
banks, as compared with a week and a year ago, follows:
Total reserves • • • . •
Gold reserves , . , .
.. .
..
Total earning assets
. • . .
Discouhted bills, ~total. . . . • • . . .
Secured qy u. S, Government obligations ••
Other bills discounted
••. , . ,....•
Purchased bills
. . " . . ..
Total deposits . • • . . . .
Members' reserve deposits
Government deposits • • .
Other deposits • . .
+
...
F. R. Bank notes in circulation net liability • • . • . . . .
4o.6
+
}4.9
16.2
+
18.7
+
+
f
•
•
'
•
•
•
t
+
+
+
•
+
+
+
8.5
+ 411.1
+ 242.5
+·:· 168.6
1.8
1.6
-
4o4.4
102.4
302.0
25.7
24.0
+
+
s.z
10.4
3·7
2.0
...
.3
.. .
'
5·3
57.6
+
3.1
Federal Reserve notes in circulation ••
.1
l.S
"
United States securities, total • . .
Bonds and notes • • . , . • . . .
U. S. Certificates of indebtedness
c.
Increase
or Decrease
In millions o:f' dollars
since
Jo
Aug. 22. 192"5 Aug. ~ 1922
+
25.9
41.6
13.6
2.1
71.6
52.4
r
t
Released for publication Friday morning, Aug. 31, 1923; not earlier.
RESOURCES AND LIABILITIES
OF THE TWELVE FEDERJJ, RESERVE BANKS COMBINED
(In thousands of dollars)
St. 3668a.
RESOURCES
Gold and gold certificates • • • • •
Gold settle~ent fund - F. R. Board •
Total gold held gy banks
Gold with Federal Reserve Agents
Gold redemption fund • • • • • • •
. ..
..
• •
Total gold reserves • • •
Reserves other than gold
Total reserves
Non-reserve cash • • • .
Bills discounted:
Secured by U.S. Government obligations •
Other bills discounted ••
..
Bills bought in open market
....
~
. ...
.. .. ..
.
..
Total bills bn hand • •
ti. s. bonds and notes • • • • . . .
u. s. Certificates of indebtedness ••
..
MUnicipal warrants , • • • • .
..
Total earning assets •
.. . •
Bank prendses • • • • . . •
5% Redemption fund against
..
F. R. Bank notes • • , .
... .
Uncollected items • • .
•
•
•
•
4
•
•
. ..
All other resources
TOTAL
RESOUR~ES
LIABILITIES
Capital paid in • • . • • • •
Surplus . . . •
Deposits:
Government • • . • • • . • • ••
Member bank·,_ reserve account . •
Other deposits • • • • •
Total deposits • • . . • .
F. R. notes in actual circulation . . ,
F. R. Bank notes in circulation net liability • . . . . . • . • •
Deferred availability items • . . . • .
All other liabilities • , •
. • • •
1
•
I
•
...
TOTAL LIABILITIES
Aug. 29, 1923 Aug· 22. 1923
361,066
356,864
649,455
(a)615,695
1,010, 521
(a)972, 559
2,061,164
2, 081,265
Gg,o4o
49,304
3,120,989 (a) 3, 122, 8 64
78,612 .
80,245
3,201,234 (~) 3,201, 4 76
79.585
i8,700Cf,SOC/
957,206
80,925
3,834
20
576,074
193, 750
)04,220
21
1,041,985
54,183
1,074,065
43,456
93
(a)583,815
13,477
13,043
4,967,22~· 'j 4 ' 974 , 1-0
l:)
6,567
510,807
17,841
4,648,624
109,751
218,369
109,678
218,369
106,086
215,398
37.960
1,848,617
21,005
1,907,582
2, 224,760
34,285
1,824,572
23,048
1, 881,905
2,225,063
51,553
1,807,008
23,125
1,881,686
2,153,181
I
1,521
518,366
19,278
53.96o
. 415,762
22,551
4,967 ,22p 7
4,974,180
4,848,624
9l.~'l~i
2,~o!>.U
20
1,082,553
54,239
.
93 ,~,
546,~
1, 565
485,041
20,1~ ~
Contingent liability on bills purchased
for foreign correspondents • • . . •
35,404
c.
*
133,651
270,717
171,7o6
77·5%
77 ·9%
(a)35,142
shown separately prior to January 1923.
(a) Revised figures.
293,751
534,420
828 t 171
2,197, 658
37.585'
3,063,414
__!}2,474
3,195,888
359,999
420,597
176,610
376,194
439,324
173,485
989,003
Ratio of total reserves to deposit and
F.R. note liabilities combined • • •
* Not
M• 30. 192S, .
-
[.Released for .pu~olication Friday monring, August 31, 1923; not earlier.
~·
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AS AT CLOSE OF BUSINESS, AUGUST 29, 1923.
~
r
(In thou.sands of dollars)
K
R E .S 0 U R C E S
Federal Reserve Barik of
Gold and gold certificates
Gold settlement fund - F. R. Board
Total gold held by banks
Gold with F. R. Agents
Gold redemption fund
Total gold reserves
lc: :Ite.serves other than gold
~
'l'·
~-
_·coBb ·
.
Total reserves
Non-reserve cash
Bills discounted:
Secured by u.s. Govt. obligations
Other bills discounted
Bills bought in open market
Total bills on hand
· u. s.. bends and notes
r.
U. S. Certificates of indebtedness
Bostcn
"
Redemption fund against
F. R. Bank nOtes
Uncollected items
All other resouJ:ces
TOTAL RESOURCES
c.
York Phil a.
Cleve.
13,1.3()
90.910
104,108
208,411
3.268
315,787
3. 508
Rich.
10,872
J2.95J
43,825
29,052
Atlanta Chicago
. 6,249
11.522
17' 782
"95.. 793
49.386
12<1 .101
179,087
391,935
3.133 2~426 4.499
76,610 116,001 575.521
3.280 5,014- 10.916
998,367 257,345 319,295 19,$90 ,~015 586,497
8, 704 2,577 4,513 1,86o 6_,1.56 7,331
17,075
51.:205
68,380
191,477
6.322
266,119
4,863
271,04-2
14,951
180,954
151.113
332,727
636,029
10.831
979.593
18.1"74
24,286
45,673
10.126
80,085
3,614
25
125,507
54,805
:n.44o
213,752
12,201
210
Municipal warrants
Total earning assets
:Bank premises
New
33,595
40.614
74,209
166,710
4.oog
244,928
12,417
St.Louis Minn.
4,274
22,867
27,141
50,106
2.742
79.990
11,137
91,127
6.279
ftans.Cy. Dallas San Fran. Total
29,271 51,44o
35.305 ij(), 193
1.898 4.054
66,474 95,687
1,085 2,436
67 f 559 98,123
2,171 4,120
45,031 265,943
2,472
7,566
~.834
3,292
48.148
3,201,23~
68-,-TOe
'1. ;1tJ4(
41,469 30,04o 28,423 10,885 32,548 21,829
21,158 22,835 4-1,318 37,267 36,08 7 35,089
')gO
20.21~
42.1o4
954 7.780 4}.081
82,84o 95,579 70,695 55,932 111,716 57,308
207 g ,34-8 3,668
17,367 9,953 1,19%f
...
1 1,269
14
281
150
20
6,915 10,863
22,032 28,793
2.012
28,947 41,668
12,827 10,.983
252
226,163 100,221 105,813 72,036 56.,160 121,333 60,976
13,010
2, 772 8,715 1,096
723 9,415 2,617
41,774 52,908
1,681 l.f.;-970
,
)~,664
21,130 361,066
8.9&3 3g.z8s 649.~55
21,633 6o,918 1,010,521
16,617 199,536 2,061,16q
4g .30~
1.143
3.112
39,993 264,226 3,120,989
80,245
1,711
5.038
8,437
7,170 36,259 376,19q
40,767 53.500 439,32~
464 12,}21. 11}.48~
48,401 102,080 989,003
1, 779
9,185
91,~
•s-a.
2,29-Z
2C
50,180 111,265
2,856
1,950
1,082,55~
28
65
116,414 51,394 58,545 46_,914 21.005 73,183 29,336 12,939 32,370 21,219
35,536
&;-01!
')g')
2.808
3.832
34-3
'583
1,896
1.241
111
191
132
358
115
422,3~ 1,363,905 412,6o3 497,939 204,092 207,691 797,719 188,931 128,020 193,282 123,638 \ ~29,998
9~
83,724
4,434
4 7.;.. "1'1
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http://fraser.stlouisfed.org/
Federal
Reserve Bank of St. Louis
~-------------------~------------------------------------------------~---
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'
heleased for
St. 3668·c
publicati~
Friday morning, August 31, 1923.
RESCXJRCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS .AUGUST 29, 1923.
L I AB I L I T I E S
(In thousands of dollars)
Rich. Atlanta Chicago St. Louis Minn. Kans.Cy.
Boston New York Phil a. Cleve.
Federal Reserve Barik of
3,523 4,580
29,342 9,829 12,235 5, 768 4,423 15,166 4,990
7,867
Capital paid in
16,312
59.800 18,749 23,495 11, 2£>5 £,942 30,398 9,665 7,473 9.,488
Surplus
Deposits:
8,024 2,369
1,374
1,788
3,450 3,430
1,599
2,757
3.398
3,4lta
Government
674,461 117,859 161,804 59,074 50,690 273.910 68,302 46,639 78 ,0]3
Member bark - reserve account 125,581
132
145
1,419
407
11,986
5.~ 967 __
517
315
207
Other deposits
129,230 694,471 120,772 166,169 61,963 52,623 273.779. 72,249 43,553 80,374
Total deposits
F.R. notes in actual circulation 222,395 434,705 215,674 242,910 E0,480 126,776 409,967 71,585 54,755 63,598
F.R. Bank notes in circulation 1,045
net 1 iabil i ty
q()" -45,157 . 91,604 46,055 51,346 43,467 13,555 60,212 29,274 12,329 34,258
Deferred availability i terns
~ 3,983 1,524 1,734 1,126 1,072 2,152 1,163 1,387
934
All other liabilities
Dallas San Fran.
Total
7,84o 109,751
4,138
218,369
7,496 15,263
1,738 4,091
37,960
44,423 147,731 1,348,617
198
4,163
21,005
46,359 156,040 1,907,532
40,394 211,021 2,224,760
520
22,630 34,854
2,101
1,980
485,041
20,1~£.(
422,~ 1,363,905 412,603 497.939 204,092 207,691 797.719 138,931 128,020 193,282 123,638 426,998 4,967,221
TOTAL LIABILITIES
Ratio of total reserves to deposit
hi
and F. R. note liabilities
b8.2
63.4
77.0
73-1
combined, per ce.-.t
51.9
72-5
77 ·5
r
Contingent liability on bills
purchased for foreign
c orre sp ond en t s
1,268 2,500
3,028 3,803 1,831
1,444 4,395 1,549 1,197
1,514
35,4o4
FEDERAL RESERVE NOTES OUTSTAlllDING A.L'JD IN ACTUAL CIRCULATION
F.R. notes outstanding
240,214
740,389 233,857 265,499 88,620 141,235 460,452 89,~00 59,536 73,436 44,181 250,140 2,686,759
F.R. notes held by banks
17,319 255,684 18,183 22,589
8,140 14,459 _50,485 17,bl5 4,781 9,338
3,787 39,119 461,999
F~R. notes in actual circulation 222,895
484,705 215,674 242,910 80,430 126,776 409,967 71,585 54,755 63,598
40,394 211,021 2,224, 760
DISTRI3UTION OF :BILLS, U. S. CERTIFICATES OF INDEBTEDNESS AND MJNICIPAJ, WARRANTS BY MATURITIES
V1ithin 15 days
16 to 30 days
31 to 60 days
61 to 90 days Frc!)l 91 deys
Over 6 months
Total
to b months
64,241
234
Bills discounted
120,47~
76,809
22,127
815,518
Eills bought in open market
52,339
29,674
4,778
173,4~os32,094
612
49
U. S. Certificates on indebtedness
450
2,a02
706
20
· Municipal warrants
20
12,375
for publication Friday morning, August 31, 1923; not earlier.
St. 3668d
FEDERAL RESERVE AG.ENTS 1 ACCOUNTS AT CLOSE OF BUSINESS, AUGUST 29, 1923.
(In thousands of dollars)
Federal Reserve Agent at
Boston New York Phi1a.
Cleve.
Rich.
Atlanta Chicago St.Louis Minn.
Kans.Cy.
Dallas San Fran.
Total
RESOURCES
Federal Reserve notes on hand
Federal Reserve notes outstanding
Collateral security for Federal
reserve r.otes outstanding:
Gold and gold certificates
Gold redemption fund
Geld fund - F. R. Board
t .
Eligible paper .Amo!.lnt required
f
Excess
amount held
f.
26,470 31,977
88,620 141,235
124,3CO 24,890 12,860 27,613
46o,452 89,200 59,536 73,436
27,344 70,200
44,181 250, 14o
865,944
2. 686, 7r:FJ
7,000 8,805
235,531
14,6o6 4,257
14,321
29,498
371,000 145,389 135,000 24,795
2,4oo
6,393
87,000
11,830 13,052
10,290 3,226 1,253 2,333
381,645 35,000 21,000 37' 36o
6,456
2 661 16,530
'
183,006
7,500
320,424
124,045
1,616,695
104,360 67,147 57,088
89,611 3,658 3 7,425
45,442
10,455
68' 517 39,094 24,231 33,243
4,016 8,406
43,171 18,199
50,6o4
50.369
625,595
324,867
595,726 1,883,649 514,732 598,143 211,129 374,902 1,088,375 221,489 135,948 182,891 136,496 620,349
6,564,329
83,950
24o,214
313,260 43,360 29,720
740,389 233,857 265,499
35,300
18,177
138,000
48,737
31,348
59,568
7,419
27,564
20,790
k
~-,
TOTAL
t.
1:
I
f
[
L I AB I L I T I E S
Net amount of Federal Reserve ·
notes redeived from Comptroller of the Currency
Coliateral received from
Federal Reserve Bank:
Gold
Eligible paper
TOTAL
c.
191,477 636,029 166,710 208,411
80,085. 193,971 70,805 94,513
29,052 95,793
66,987 55,897
391,935 50,106 35,305 40,193 16,617 199,536 2,061,164
950,462
111,688 57,293 28,247 41,649 48,354 100,973
595,726 1,883,649 514,732 598,143 211,129 374,9021,088,375 221,489135,948 182,891 136,496 620,849
6,564,329
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