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STATEMENT FOE THE PEESS Eeleased f o r p u b l i c a t i o n Friday morning, Aug. 7; not e a r l i e r . St. 4610 Federal Beserve Board, August 6, 1925. CONDITION OF FEDERAL EESEBVE BANKS The consolidated statement of condition of the Federal reserve banks on August 5, made public by the Federal Beserve Board, shows an increase of $75,500,000 in holdings of discounted b i l l s , of $1,500,000 i n acceptances purchased, in open market, and of $3,300,000 in Government s e c u r i t i e s , with the r e s u l t t h a t t o t a l earning a s s e t s went up $80,300,000 t o $1,101,700,000. Gold reserves declined $13,100,000, other cash reserves $9,300,000, and non-reserve cash $6,200,000, while Federal reserve note c i r c u l a t i o n increased. $7,200,000. The Federal Beserve Bank of New York r e p o r t s an increase of $70,000,000 in holdings of discounted, b i l l s , Boston an increase of $14,400,000, and A t l a n t a of A r t ' 0 0 0 ' w h i l e t h e Chicago bank shows a decrease of $10,900,000, P h i l a d e l p h i a of $p,400,000, and Bichmond of $2,800,000. The remaining banks r e p o r t /smaller changes in discount holdings. ' Acceptance holdings of the Federal reserve banks changed but l i t t l e during the week. The system's holdings of Treasury notes went up $3,300,000, while h o l d ings of Treasury c e r t i f i c a t e s and U» S. bonds remained p r a c t i c a l l y unchanged. ,, changes in Federal reserve note c i r c u l a t i o n comprise an increase of $4,200,000 reported by the New York bank, and increases of $3, 500,000 and $2,100,000, r e s p e c t i v e l y , reported by San Francisco and A t l a n t a . A summary of changes i n 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 of tha reserve banks during the week and the y e a r ending August 5, 1925, follows: Increase or decrease Week Total reserves . Gold reserves Total earning a s s e t s . . . . . . . . B i l l s discounted, t o t a l . . . . . Secured by U. S. Govt, obligation Other 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 , t o t a l Bonds . . . . . . . . . . . . . Treasury notes . . C e r t i f i c a t e s of indebtedness . . during Year $22,300,000 13,100,000 - $314,700,000 - • 347,700,000 . + 80,300,000 . . . . 55,000,000 20,500,000 + 269,200,000 + 270,200,000 + 224,500,000 + 45,700,000 . + 75,500,000 + + + + . + 1,500,000 + 3,300,000 - 202,000,000 + 39,800,000 189,900,000 3,300,000 - 165,300,000 76,500,000 Federal Beserve notes in c i r c u l a t i o n + 7,200,000 - 150,500,000 Total deposits . , Members' reserve d e p o s i t s Government deposits . . < Other deposits . . . . . . + + + 65,400,000 58,900,000 7,100,000 . 600,000 + + 106,300,000 119,100,000 6,900,000 5,900,000 V# Released f o r p u b l i c a t i o n Friday morning, August J , 19 25' not e a r l i e r . St. U6l0a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) Aug. 5, 1925 July 29. 1925 Aug. 6. 192% RESOURCES 1,435,480 2,079,415 Gold with Federal reserve agents . . . . 1,447,958 57,715 50,682 Gold redemption fund with U.S.Treasury . 35,799 1,494,195 2,115,214 1,498,640 Gold held exclusively against F.R.notes 686,989 589,472 Gold settlement fund with ,F. R. Board . 687,023 421,054 596,630 605,421 Gold and gold c e r t i f i c a t e s held by banks 2,778,014 Reserves other than gold . . . . . . . . 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 B i l l s bought in open market . . . . . . U. S. Government s e c u r i t i e s : Bonds . . . • • . . . . . . . . . . . . C e r t i f i c a t e s of indebtedness Total U. S. Government s e c u r i t i e s TOTAL RESOURCES L I A B I L I T I E S F. B. notes in actual c i r c u l a t i o n . . . . Deposits: Total d e p o s i t s Deferred a v a i l a b i l i t y items TOTAL LIABILITIES * 136,289 2,914,303 2,791,084 145,549 3,125,740 103,309 2,936,633 49,756 55,917 3,229,049 47,746 303,260 240,577 78,796 194,842 543,837 211,972 248,235 220,121 468,356 210,476 69,441 229,071 34,982 69,406 225,787 34,967 29,634 394,419 111,464 333,494 10,500 1,850 1,101,653 330,160 10,500 1,850 535,517 1,021,342 583,542 60,562 21,317 832,502 514,880 58,668 30,070 4,679,813 4,712,915 1,605,557 1,598,397 1,756,014 2,211,753 28,201 26,013 2,265,967 2,152,867 21,110 26,603 2,200,580 524,173 115,677 217,837 11,905 535,323 115,706 217,837 11,970 2,092,696 35,075 31,885 2,159,656 452,831 111,493 220,915 12,006 4,741,116 4,679,813 4,712,915 592,665 60,975 21,764 4,74l,ii6 273,638 22,097 1,250 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 . . . 75.3# 77.3# 82.5$ Contingent l i a b i l i t y on b i l l s purchased, f o r foreign correspondents . . . . . . 31,508 31,961 34,816 # RESOURCES-AND LIABILITIES OF THE FEDERAL RESERVE BANTCS ON AUGUST 5, 1925. ( i n thousands of d o l l a r s ) RESOURCES St; 46lOb Boston New York P h i l a . CleVe. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total Gold with Federal Reserve Agents 146,867 355,881 13$,391 179,707 32,855 107,276 135,273 20,033 46,996 50,381 27,590 197,730 1,436,480 Gold redemption fund with U. S.Treas J2, 111 I *S»2C9 11,354 4,418 3,532 2,138 4,797 1,948 1,391 3,165 1,758 2,894 57,715 Gold held exclusively a g a i n s t F. Rt notes 158,978 Gold s e t t l e m e n t fund with F.R.Board 44,526 Gold and gold c e r t i f » held by banks 28,687 Total geld reserves Reserves other than gold 232,191 13,009 245,200 5,007 Total reserves Non-reserve cash B i l l s discounted.: Secured by U.S.Govt, obligations , 12,817 28,234 Other b i l l s discounted 364,090 146,745 184,125 218,392 52,999 65,358 342,877 19,715 43,751 54,046 39,010 3,454 29,348 200,624 1,494,195 11,310 33,798 686,989 596,830 6,227 24,310 70,017 96,510 1,956 3,907 71,973 100,417 1,989 .1,236 46,885 258,732 2,778,014 136 , 289 8,356 5,369 55,24i 264,101 2,914,303 2,468 2,164 >9,756 925,359 219,459 293,234 36,866 5,857 8,335 962,225 225,316 301,569 l4,225 3,407 1,595 36,387 109,414 140,070 21,981 40,514 27,661 129,907 9,128 3,281 100,985 10,640 5,659 82,560 140,356 370,962 41,749 4,409 12,342 17,088 18,795 86,969 152,698 388,050 60,544 7,632 ' 3,404 3,564 3,065 48,387 14,386 7,244 149,893 30,777 25,978 18,862 34,735 17,354 12,908 33,584 2,987 24,345 27,876 24,114 7,871 18,100 3,699 5,013 1,524 5,377 1,631 8,035 21,341 26,782 180,670 31,850 44,840 11,620 52,089 17,395 46,492 6,905 27,332 14,418 51,990 26,064 25,971 11,360 8,712 19,392 6,901 15,237 9,666 8,787 48,123 ' 543,837 211,972 19,490 303,260 240,577 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 Treasury notes C e r t i f i c a t e s of indebtedness 41,051 29,424 557 1,362 7,400 610 4,912 51,270 17,207 5,067 57 8,746 11,571 10,397 1,486 4,019 64 1,673 11,297 1,428 20,647 19,118 1,382 3,272 27,227 544 8,150 7,751 128 9,375 20,295 2,830 7,552 21,720 387 2,461 36,234 5,298 69,441 229,071 34,982 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 9,319 777 61,249 2,835 30,714 1,124 5,569 557 14,398 430 41,147 1,449 31,043 483 16,029 346 32,500 420 29,659 368 43,993 735 333,494 10,500 1,850 Total earning a s s e t s Uncollected items Bank premises All other resources TOTAL RESOURCES - 80,571 54,273 4,190 92 - 276,634 139,454 17,027 6,419 17,874 976 1,850 - 77,160 101,322 55,107 55,536 1,158 7,948 '249 383 - - - 59,523 56,578 120,650 49,345 28,000 76,311 •2,446 2,780 8,099 2,478 687 1,331 - 68,857 29,688 4,700 351 - 44,479 13,207 3,056 3,088 - - - • 55,058 48,480 112,341 1,101,653 592,665 38,638 20,5g2 32,584 60,975 1,833 4,419 3,319 21,764 1,568 4,392 726 389,333 1,415,984 360,585 470,165 202,035 246,098 602,073 167,544 137,039 201,247 129,808 419,205 4,741,116 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON AUGUST 5, 1925. St. 46lOc ( i n thousands of d o l l a r s ) Boston New York P h i l a . Cleve. Rich. Atlanta Chicago St,Louis Minn. Kans.Cy. Dallas San Fran. Total F. E. notes in actual c i r c u l a t i o n 167,061 337,752 11(4,231 203,71+3 68,508 133,229 146,175 42,393 61,825 63,053 38,436 198,551 1,605,557 Deposits: Member bank - reserve account 77,070 50,771 87,472 56,351 1 5 7 , 0 a 2,211,753 Government ' 1 : 8 • % « " i ® " ! : § 1,665 589 1,620 644 1,899 28,201 Other deposits 291 14,011 477 1,349 179 157 1,737 A> 267 338 1,136 142 4.929 26.011 Total deposits Deferred a v a i l a b i l i t y items Capital paid i n Surplus All o t h e r l i a b i l i t i e s TOTAL LIABILITIES 3 71'F o®5 k l ° A 6 3 2 S - ° 3 5 2 1 6 ' ? 8 ^ - 0 7 3 I67.5W 137,039 aox.sUj l a 9 „ a M Ui9.'aB 5 » , 7 ^ S Reserve r a t i o (per cent) 80.2 79.5 78.6 63.7 72.8 79.0 49.5 63.4 65.5 57-8 72.9 75.3 Contingent l i a b i l i t y on b i l l s p u r chased f o r foreign correspondents 2,358 8,249 2,963 3,409 1,689 1,306 4,397 1,466 1,052 1,274 1,115 2,230 31,508 F.R. notes on hand (notes rec'd from F.R.Agent l e s s notes i n c i r c u l a t i o n ) 21,613 118,933 38,087 27,167 13,785 15,107 10,395 4,950 5,261 7,132 5,654 39,603 307,687 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS F.3*notes r e c ' d from Comptroller 284,954 65,652 303,354 2,902,676 F.R.notes held by F. R. Agent .96,280 % 9 4 o M i o o o "41:11% ' 2 2 : ^ 0 21,562 65,200 989.432 F.R. notes issued to F.R. bank 158,674 456,685 1 82,918 230,910 82,293 148,336 156,570 47,343 67,086 70,185 44,090 238,154 1,913,244 C o l l a t e r a l held as s e c u r i t y f o r F.R.notes issued t o F.R.Bank: Gold and gold c e r t i f i c a t e s 34,100 186,698 5,600 8,780 21,160 9,000 11,775 13,052 17,863 308,028 Gold redemption fun? 13,767 28,183 11,902 10,927 %,%00 5,776 4,628 1,258 944 3,521 4,227 13,973 108,506 Gold fund - F. R. Board 94,000 141,000 117,809 160,000 7,295 92,500 130,645 7,000 33,000 5,500 183,757 1,019,946 E l i g i b l e paper 70,475 186,367 50,429 69,434 51,630 41,713 77,947 37,317 27,970 47,360 22,072 18,404 67,220 721,028 Total c o l l a t e r a l 217,342 542,248 185,820 249,191 84,485 143,989 213,220 57,350 74,966 72,953 45,994 264,950 2,157,508 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS Within 15 dqys 91 day« days t o 16 t o 30 days 31 t o 60 days 6l t o 90 days 9* g Total 6 months B i l l s d is/counted 405,914 27,632 52,825 40,603 16,676 187 543,837 B i l l s bought i n open market 83,143 36,621 45,745 34,289 12,174 211,972 C e r t i f i c a t e s of indebtedness 7,403 !9,°81 3,025 5,473 34,982 L I A B I 1 I TIliE S 't,Sl iiPlIllIlililM ll'fso Ti'Ml Vi'%\ Q v e r m o n t h g
@FedFRASER