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STATEMENT FOR TOE PRESS Released for publication Friday morning, Aug. *; not earlier. 29^04 Federal Reserve Beard, August 3 1 1922. CONDITION OF FEDERAL RESERVE BANKS. Aggregate gains of $16,900>000,..of. gold and of $ *,3 0 0 ,0 0 0 of other re serve cash, accompanied lay a reduction of $ 3 , 100,000 in deposit liabilities and an increase .of $1 3 ,3 00 ,0 0 0 in Federal reserve note circulation, are shown in the Federal Reserve Eoard’ s weekly bank statement issued as at close of business on August- 2 , 1922. The reserve ratio shows a rise for the week from 79 ,2 to 79*6 per cent. Discounted bills held by the reserve banks showed an increase of $ 1 9 , 800, 000 , b ills purchased in open market fell off $ 5 , 600, 000, while govern. ment securities, mainly Treasury certificates, show a reduction for the week of $ * 3 , 500 , 000, No material changes in the ownership of gold are shown, an addition of $ 1 *,6 0 0 ,0 0 0 to the gold reserves of the New York Bank representing the bulk of the increase in gold reserves reported for the week* Additions, aggregating $390*000, to the capital accoimt of the reserve banks represent chiefly increases in capitalization of existing member banks* Holdings o.f paper secured by Government obligations show an increase from $115,200,000 to $13 0,30 0 ,0 0 0. Of the total held $1 0 0,80 0 ,0 0 0, or 7 7 ,* per cent, were secured by Liberty and other U. S. bonds, $3 }80 0,00 0 , or 2 ,9 per cent, by Victory notes, $ 1 8 ,0 0 0 ,0 0 0 , or 13.8 per cent, by Treasury notes, and $ 7 , 700 , 000, or 5 .9 per cent/Treasury certificates, compared with $9 3 , 200 , 000, $ 5 ,* 00 , 000, $ 1 2 , 300 , 000, and $*^ 300,000 reported the week before, A summary of changes in the principal asset and liability items of the reserve banks, as compared with a week and a year ago, follows: Decrease 0# Increase In millions 'of dollars since 1922 Aug., 3, 1921, July 2 6 , Total reserves Gold reserves Inc, Inc, 2 1.2 Inc. Inc. ■*9S.S 1 6 .9 Total earning assets Dec. 2 9 .3 Dec, 855.5 Discounted b i l l s , total Secured by U. S. Government obligations Other b ills discounted Inc, Inc, Inc. 19.8 15*0 * ,8 Dec. Dec, Dec. 1 , 2 17.8 **2 ; 6 Purchased b ills United States securities, total Bonds and notes Dec. Dec. Dec. Dec. Dec. 5 .6 ^ 3 .5 2 ,9 1 .5 3 9 .1 Inc, Inc. Inc. Dec, Inc. 120,5 2 * 1 .8 16 *, 6 2 1 *. 6 Dec. Inc* Dec, Inc. 3 .1 22.6 29.6 Inc. Inc. Dec. Inc, >180.0 2 17.9 39.S 1 .9 Inc, Dec. 13*3 Dec. Dec. 396,6 Pittman c e r t i f i c a t e s Other Treasury certificates Total deposits Members' reserve d e p o s its Government deposits Other deposits Federal Reserve notes in circulation F. R. Bank notes in circulation, net liability 3 .9 1 .6 518.6 775.2 1 3 7 .^ 60.3 Released for publication Friday morning, August 4, 1922; not earlier, St.2940a. RESOURCES AND LIABILITIES. OF THE TWELVE FEDERAL RESERVE BANKS COMBINED, (in thousands of dollars) R E S O U R C E S July 2 6 , 1922 317,459 498,309 Aug. .3.4_1921 412,836 425,766 Gold and gold certificates Gold settlement fund - F. R. Board T • , Us 9,6:.9 . 805,550 815,768 838,602 Gold with Federal Reserve Agents , . . . 2 ,2 2 3 ,3SU 42,190 Cold redemption fund"................... 2 ,1 9 7 ,6 4 5 41,1 18 1,6 1 5,48 2 98,729 . 3 ,0 7 1 ,4 2 4 3 ,0 5 4 ,5 3 1 2 , 552,813 . , . 131,260 126,967 151,030 Total r e s e r v e s ........................... ... . 3 ,2 0 2 ,6 8 4 3 ,1 8 1 ,4 9 8 2,7 0 3,84 3 Total gold held by banks ............... Total gold reserves ........................... Legal tender notes, silver, etc. Bills discounted: Sec, by U .S. Government obligations Other bills discounted , ................... Bills bought in open market , . , „ , Total b ills on hand . . . . . . . . . . 130,293 269,506 . ... 150 ,>31 . 550,296 U, S, bonds and notes . U, S, Certificates of indebtedness: One-year certificates (Pittman Act) Other certificates j . . . . . . . Municipal warrants . . . . . . . . . . 19 8 ,751 115,238 572,867 264,743 156,138 1,044,751 29,961 536,119 2 0 1,62 4 1,647,579 34,114 207,875 13,541 - 70,500 72,000 228,098 3 267,175 9 Total earning asset4 ................... 1 ,0 4 7 ,6 4 8 1,903,109 Bank premises . . . ............................... 5$ Redemption fund against F, R, Bank notes Uncollected items . , ........................... All other resources ............................... 42,569 1 ,0 7 6 ,9 2 7 42,4 94 542,711 16,750 7,527 537,883 16.805 9 ,614 493,700 17,176 TOTAL R E S O U R C E S ........................... . 4 ,8 5 9 ,13 1 4 ,8 6 3 ,1 3 ^ 5,1 5 3,33 4 6,769 25,892 L I A B I L I T I E S Capital paid in . • 105,589 105,198 102,372 2 1 5 , 39s 215,398 213,824 16,926 Deposits: Member bank - reserve account F, R. notes in actual circulation F. R. Bank notes in circulation- TOTAL LIABILITIES . . , . 1 , 837 , 8^0 30,257 1,885,023 46,455 1,815,278 26 ,381 56,747 1 ,6 19,920 28,399 1 ,8 8 8,11 4 1 , 705,066 , . , 2 ,1 40,12 1 2,1 2 6,80 9 2 ,536,673 62,046 429,712 21,242 442,713 21,280 . 4 ,8 5 9 ,1 3 1 4 ,8 6 3 ,1 3 4 ................... iatio of total reserves to deposit and F. R. ncte lia bilitie s bombined . . 7 9 .6 $ 63,622 7 9 .2 $ 122,379 409,227 .... 63..,m 5 ,1 5 3,33 4 6 3 .7 ^ Released for publication Friday morning, Aug. 4, 1922; not earlier. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, AUG-. 2, 1922, St. 2940b. (In thousands of dollars) R E S O U R C E S Federal Eeserve Bank of Gold end gold certificates Gold settlement fund - F, R. Board Tuu&i geld held by banks Gold with F. R. Agents Gold redemption fund Tota3 gold reserves Legal tender notes, silver, etc. Total reserves B ills discounted-’ Secured by U.S.Govt, obligations Other bills discounted B ills botight in open market Boston New York 14,125 36,157 206,160 79.680 Ehila. Cleve. 5,640 35.358 13,352 51.374 Rich. Atlanta 3,373 35.090 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 5,358 24,685 21,091 127,021 4,133 14,143 7 ,305 26,349 32,495 9 ,12 0 2.226 11,346 2 ,6 1 1 Total 316,231 20,369 28.635 489,619 49,004 805,850 64,726 38,463 26,449 151,70 6 18,276 33,654 35,1 06 863,241 154,467 169,663 55,040 3.637 98,398 322,761 29,258 7.239. 57*228 1,984 1.695 53,379 2,513 19,414 193,496 2 ,2 2 3 ,3 8 4 769 2.903 42.190 9 7,140 125,924 541,706 77,488 64 ,607 90 , 99 s 3 1 ,5 ’+9 245,403 3 ,0 7 1 ,4 2 4 21,437 11,5 10 736 4,4o 4 213,036 1 , 189,159 2 11,8 4 1 248,363 105,713 132,875 563,143 88,998 65,343 9 5 ,4 02 38,095 2 50 ^ 16 3 , 202,624 1,719 16,153 1 ,534 33,185 2.832. 10,642 33,942 15.279 50,282 147,019 6,459 285,840 4,497 40,998 5.790 3,627 203,760 1 , 153,578 201,255 238,016 9 ,2 7 6 35.581 10.586 10.347 8,573 1,077 6,951 6 ; 546 .5 ,3 1 3 131.260 29,709 18,401 10,509 26.115 9 ,8 0 4 26,340 487 15,906 36,636 7,351 2,007 10,452 26.284 28,676 11,620 25,120 16.201 22,037 16,845 33.331 786 13.801 15.381 Total b ills on hand 45,555 72,213 66,445 55,025 36,631 31,319 66,343 34,352 27,127 17,872 37,551 59,863 550 , 2Q6 U. S. bonds and notes 4,642 44,358 23,870 26,893 l ,2 4 l 189 6,514 12,366 5,302 28,378 3.316 41,682 198,751 U. S. Certificates of indebtedness: One-year certificates (Pittman Act) 4,950 Other certificates 33,253 — Municipal warrants 18,500 5,000 5,000 3,560 4 ,000 3,571 9 ,1 5 2 2 ,1 5 7 ..........3 4 ,321 70,500 13,000 1,000 1,265 4,832 94,671 - 11,463 228,098 Total earning assets Bank premises 5/o Redemption fund against F. R. Bank notes Uncollected items All ether resources TOML RESOURCES 9,326 20,028 88,400 5,655 - 36,035 - - 229,742 100,970 122,953 41,432 1,857 6,199 8,667 2,381 - 19,066 - - 40,088 100,590 59,441 38,589 63,571 - - 130,293 269,506 .150,491 ______3 44,032 117,840 1 ,0 4 7 ,6 4 8 5,251 9 ,0 15 601 5,672 2,571 1,553 7,632 944 925 4 ,9 8 7 2,093 1,325 42,569 422 849 250 239 188 468 777 2,023 212 916 146 279 6,769 64,984 24,409 13,837 35,483 18,407 35,876 542,711 666 -522 1.823 5,10.6 140,457 44,974 50,121 43,521 19,782 772 ....... A 2 3 L 1.000 1.085 465 124 50,860 _ia 3 3 I_ 16 . 750. 358.741 1,572,215 359,636 428,433 193,890 194,890 737,792 176,337 120,303 201,156 104,596 U ii,iU 2 4 , 859.A V- Released for j^vfhlication, Friday morning, Aug. 4, 1922; not earlier. 3t.29'40c. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS AUGUST 2 , 1922. (in thousands of dollars) * L I A B I L I T I E S Federal Reserve Bank Capital paid in Surplus Deposits: Government 'Ke:;:t?r Bank - reserve account Other deposits Total deposits F, R. notes in actual circulation F. R. Bank notes in circulation net, 15 abil;i ty Deferred availability items All other lia b ilit ie s TOTAL LIABILITIES Ratio of total reserves to deposit and F. R« note lia b ilitie s combined, per cent Boston New York P h ila , Cleve. Rich. A tla n ta Chicago S t,L ou is 8,106 1 6 , 4S3 27,520 8,999 60,197 17,945 835 713 S 72 2 ,1 4 5 746,735108,610 11,0 0 1 1,767 1,591 149,277 1,242 313 57,145 243 122,411 759,881113,249 15 2 ,110 167,512 623,044177,995 194,©25 5 7 ,701 50,036 265,897 78,129 110,685 368,235 4,116 38,756 1,357 14 ,7 2 5 4 , 50s 82,620 37,533 4,341 2 ,7 13 4,393 42,209 37,537 1 ,153 15 ,2 15 120,863 4,2.28 5,622 11,603 22,509 ' 11,0 3 0 1,407 1,6 3 6 353,74i 1 , 572 , 215353,636 7 3 .5 Contingent l ia b ilit y on b ills purchasedoll^ for foreign correspondents -i-jfSSOp 8 6 .0 10,989 29,025 1,499 1,388 14,695 47,932 261,535 605 2 ,9 7 4 1,3.41 7,619 48,811 3*460 Minn, Kansas Cy. D a lla s San Fran, 105,589 215,398 808 2 ,8 2 4 165 43,887 123,491 9,682 172 1 ,8 3 7 ,8 4 0 30,257 44,260 78,738 44,224 135,997 1 ,885,023 4s ,374 59,433 26,86o 217,198 2 , l4 o ,121 2,970 3 ,1 8 4 39,568 1,038 2,5SS 17,649 '1 .6 3 1 3,576 7,468 4,549 9 ,6 4 6 1,557 60,277 873 43,022 75,066 685 365 62,519 68,081 3 ,3 7 7 27,364 838 71-8 . 2 ,4 4 i 7 7 ,8 1,459 32.7 1,098 3 8 .8 3,543 63.1 1,399 T o tal 7,643 15,199 4 ,770 9 ,3 8 8 11,75® 1,405 2 ,8 6 4 4 ,200 7 ,3 9 4 2 ,512 30,700 1,893 428,433 193,890 194,890 737,792 176,337 120,303 20 1,156 104,596 4 n , i 4 2 73.2 2,382 4,306 9,114 70*2 304 69-0 1,429 53.6 774 16,926 6 2 ,o46 429,712 23 , 242 4 ,859,131 7 1.0 1,369 79.6 Q<*0 2 9 ,567 ' FEDERAL RESERVE NOTES OUTSTANDING A N D . A C T U A L CIRCULATION F. R. notes outstanding F, R. notes held by banks 185,356 17,844 F. R. notes in actual circulation 167,512 B i l l s discounted B i l l s bought in open market U. S. C e r t i f i c a t e s o f indebtedness Municipal warrants 877,562 203k 715 254 , 51.8 25,720 623 , 044177,995 209,400 15,375 194,025 86,689 115,443 409,135 8,560 4,758 40,850 15,832 52,174 3,300 7 3,129 110,685 368,285 68,031 48,374 83,913 69,016 9,583 29,504 250,390- 2 , 572,297 2 ,6 4 4 33,192 432,176 26,360 217,198 2,140,121 59,433 DISTRIBUTION OF BILLS, U, S, CERTIFICATES OF INDEBTEDNESS AND MUNICIPAL WARRANTS BY MATURITIES Within 15 days 16 to 30 days 3 1 to 60 days 6 l to 90 days Over 90 days Total 2 0 0 , obk 36,069 60,942 52,154 44,590 39 9,79 9 55,841 2 3 ,7 94 33,296 33,427 4,139 150,497 2 ,7 4 9 2 ,400 4 i , 67s 206,424 45,347 295,59s 3 3 Released for publication Friday morning, Aug. 4, 1922; not earlier. . St.2940d. FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, AUG. 2 , 1922, (In thousands of dollars) Federal Reserve Agent at Boston New York Fhila. Cleve. Rich. 277,650 45,920 36,320 877,562 203,715 209,400 30,610 135,356 5 ,300 13,719 128,000 363,184 13 ,2 75 39,057 14,578 11,388 461,000 139,889 145,000 Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total R E S O U R C E S Federal Reserve notes on hand Federal Reserve notes outst&ndini Collateral security for Federal Reserve notes outstanding: Gold and gold certificates Gold redemption fund Gold fund - F. R. Board Eligible paper Amount required Excess amount held TOTAL 87,350 38,337 7,218 14 ,3 2 1 53 ,5 17 49,248 39,737 8,199 13,263 72,374 82,940 86,639 115,443 4 0 9 ;135 2 ,400 . 26,750 S3,913 12,075 52,174 16,200 69,016 767,272 20,753 52,330 29,504 250,390 2 ,5 7 2 ,2 9 7 7,702 11,6 10 13,052 51,795 2,098 14,116 93,000 368,645 3,818 41,800 1,206 15,000 3,019 50,360 1,732 12,478 121,354 10,000 181,018 1 ,6 8 5 ,5 0 7 31,649 4,470 17,045 14,111 26,685 7,660 22,916 15,637 3,9S9 2,235 10,070 27,325 3,245 26,374 39,959 416,523 56,894 2,681 348,913 184,687 465,280 2 , 086,291 461,549 468,323 208, 45 s 317,371 941,169 202,236 120,412 156,467 107,146 561,791 6,0 9 6,55 3 L I A B I L I T I E S Net amount o f Federal Reserve notes received from Comp t r o l l e r o f the Currency 272,706 1 , 155,2 12 249,635 245,720 117,299 187,817 492,075 110,663 C o lla t e r a l r e c e iv e d from Federal Reserve Bank: Gold E l i g i b l e paper 147,019 45,555 TOTAL 863,241 154,467 169,663 67,838 57,447 53,ooo 55,o4o 36 ,119 92,392 382,761 3 1,15 6 66,333 57,228 3^,345 64,249 85,216 50,257 308,720 3 ,3 3 9 ,5 6 9 29,258 26,905 53,379 17,872 19,434 193,496 2 ,2 2 3 ,3 8 4 533,600 37,455 59,575 465,280 2 , 026,291 461,549 468,383 208 , 45s 317,371 94 l , l 69 202,236 120,412 156 ,467 107,146 561,791 6 , 096,553
@FedFRASER