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STATEMENT FOR THE PRESS
Released for publication
Friday morning, Dec. 7;
not earlier.
Federal
St.. 3830
Joard,
Raser~e
Dece~ber
6, 1923.
CO:NDITION OF FEDZ'RAL RESERVE BANKS
A reduction of $43,100,000 in holdings of d iscountcd bills, offset ~n part by.
increases of $9,400,000 in acceptances purchased in open market and of $~,800,000 :m
u. S. Government securities, together with relatively small net changes 1n cash reserves, Federal reserve note circulation, and deposit liabilities, are sho~n in the
Federal Reserve Board 1 s weekly consolidated statenent of condition of tbs J::',;;js:ral
reserve banks at close of business on December 5, 1923. The res;;rve ratio remained
unchanged at 76.4 per cent.
All Federal reserve banks except those at Cleveland, Minneapolis and Kansas
.City report smaller holdings of discounted bills than the week before, the largest
reduction - $12,000,000 - being shov.n by the Boston reservt:; bank. Decreas~s of
$9,600,000 are reported by Chicago, of $7,700,000 by New York, of $7,100,000 by
St. Louis, of $6,4oo,ooo by San Francisco, and of $6,000,000 by Philadelphia, and a
combined decrease of $3,700,000 by Richmond, Atlanta, and Dallas. Increases reported by Cleveland, MinnGapolis, and Kansas City aggregate $4,400,000. Of the total reduction of $48,100,000 in holdings of discounted bills, $23,60C,OOO represents
paper secured by U. S. Government obligations, which on December 5 aggragated.
$359,100,000. Of the latter amount, $227,000,000 was secured by Liberty and other
U. S. bonds, $119,500,000 by Treasury notes, ~~d $12,600,000 by certificates of indebtedness.
Increases in Federal reserve note circulation, shown by the San Franciscc ar~
Boston reserve banks, amount to $S, 700,000 and $3,700,000, respectively, and aggregate increases reported by seven other reserve banks - to $6,500,000. Reductions
of $5,600,000, $3,200,000 and $1,800,000 in Federal reserve note circulation are reported by Cleveland, New York and Philadelphia, respectively.
Total gold reserves shown a gain for the week of $5,700,000. Declines of
$30,900,000 are shown for the New York bank and of $2,200,000 for the Dallas bank.
TI;eprincipal increases ingold re3erves are reported byChica.go, Boston, St. Louis,
R~cbmond, and San Francisco. Reserves other than gold declined ';;y ~5,300,000, practlcally offsettin~ the net increase in ~old reserves, while non-res0rva cash increased by $9,700,000.
A summary of changes in the principal assets and ·lia':Jilities of the :res;;:rve
banks, compared with a week and a year ago, follows:
Increase
or
Decrc;ase
In mill ions of dollars
since
~o?·>
Nov. 28, 1923 Dec. G
~~
Total reserves . . . .
Gold reserves
+
+
Total earning assets • • •
Discounted bills, total • • • • • . • . •
Secured by U. S. GovGrnr4ent obligations
Other bills dis counted • • • . . . . . •
Purchased bills
...
..
...
..
United States securities, total
Bonds and notes :. • • • • . . • .
U. S. Certificates of indebtadness
2lt. 7
72.3
Ft7.5
40.1
2}.6
24.5
+
56.6
+
9.4
+
31.5
+
6.8
+
+
Federal Reserve notes in circulation
+
7·8
3·1
}.0
4.8
l-3
6.y
41.3
15.3
220.5
99-0
1.0
+
+
+
31.9
Total deposits • • • • • • .
Members' reserve deposits
Government d ep os its • . . .
Other deposits • . • •
c.
.4
5.7
121.5
+
+
..;.
+
..;~·
25.4
40.4
,... 6
.
0..)
1.9
lOS .S
Released for. publication Friday morning, December 7, 1923; not tearlier
St. 3830a.
RESOURCES MiD LIAdiLITIES
OF THE TWELVE :FEDERAL RESERVE BANf{S COMBINED
(In thousands of dollars)
Dec, 5 1
RESOURCES
Gold and gold certificates
•
Gold settlement fund - F. R. Board •
•
Tot al....gQ!d. held by banks •
Gold with Fedt:3ral Reserve Agents •
Gold redemption fund
•
• •
Total gold reserve!
Reserves other than gold •
• • •
. .... .
.
... ...
.
..
.
.
.
Total rese,ryes ,
Non-reserve cash • • •
•
Bills discounted:
Sec. by u. s, Government oblibat ions
Other bills dis counted • •
•
•
Bills bOUght in open market
Total bi 11 s on hand
• I
u. s. bonds and notes
•
u. s, Certificates of indebtedness
•
Municipal warrants • • •
•
•
Total earning_assets
' •
Bank premia es • •
• '
•
•
.
51o"' Redemption
fund against
F. R. Bank notes •
•
Uncollected items
•
All other res ourceB
I
.
.. ...
..
...
I
. ...
..... . .
.. ..
. . ... ..
..
.
. .. .. . .. .
TOTAL Rl"SOURCES .
•
Nov, 28, 1923 Dec . ...h.J92?_
2')8,094
_616,~1:~
914, 66S
2,045,210
~5.91~3,045,792
127' 189
358,847
647,658
1,006,505
2,055,625
56,009
359,566
_r;g 7! 079
946,647
2,104,31+5
60,944
3,118,139
79,516
3,112,436
:._ 84,8_46
3,197,655
6s,46o
3,197, 282
58,754
3,172,981
332,643
387,1&770
411,738
289 ,C04
298,3701,044,633
1,083,385
70,384
711341
20,911
13' 119
_ _ _ 154_
154
11136,082
1,1671999
56,649
56' 715
3 74,409
330,536
266,827
359,0~ 93
*
,971,772
1($,413
142,389
26
1,2831600
461394
28
643,289
_ _14,602
28
603,579
13,96 7
5,116,331
5 ,09€51 278
5,1811253
110,114
218,369
110,095
218,369
107,265
2151398
30,065
11884,010
21,429
34,803
1, 531,025
22,765
..
1,9351504
2,252,598
1 ,938, 593
2,246,300
46,976
1 1S43,6Cn
- 191527
1,910, lQl~
..
489
574,347
_25,410
493
5591044
25, 379
191259
540,233
27,772
5,116,831
5,Q9S, 278
5,161,253
t
L
f.m
2, 780
660,119
_ _12J12._
I A3 I L I T I E S
Capital paid in ,
Surplus • • • . • • • • • •
Deposits:
Government • .
• • .
Member bank - ~eserve account
Other deposits
, ••..
Total deposita
F, R. notes in actual circulaticn
F. R. Batik notes in circulation net liability . •
•..
Deferred availability items
All other liabilities
•
•
•
•
"
TOTAL- LI.A.BILITIES •
t
•
i
....
2, 3611222
Ratio of total reserves to deposit and
F. R. note liabilities como ined , , , .
76.45s
76.4%
74.J);,
Contingent 1iajility on oills purchased
for foreign correspondents • • . • • , •
18,3 73
24,655
31,007
*Not shown separately prior to January 1923.
c.
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putlicaticn Friday morning, December 7, 1923; not earlier.
St. 3330b
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AS AT CLOSE OF BUSINESS, DECEl'vffiER 5, 1923.
(In thcusands of dollars)
·
RESOURCES
Boston
New
York
Phil a.
Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total
Fedaral Reserve Bank of
172,217 40,230 13,644 5,016 6,651 50,774 4,674 8,822 3,196 11,943 21,123 358,84 7
Gold ar,d· gold certificates
20,555
5
7,447
96,219 40,596 82,600 43,739 18,214 143,333 37,032 29,849 39.874 12,619 46,136 64 7,658
Gold se-ttlement fund - F.R.Board ----·78,002
268,436 80,826 96,244 48,755 24,865 194,107 41,706 38,671 43,072 24,562 67,259 1,oo6, 505
Total gold held by banks
165,566 633.915 176,375 219,248 69,706 63,838 345,337 43,147 46,191 31,454 27,689 233,159 2,055,625
Gold wi',jh F. R. Agents
9,246
4,73'2 6,400 2,423 2,144 5,140 8,309 4,309 2,207 5, 690 2,045
Gold redemption fund
3. 364
56,009
--252,814
Total gold rese:--vee
907,0S3 263,6ol 317,915 120,605 93,843 547.753 89,162 87,069 80,216 54,296 303,782 3,118,139
8,631 4,032 2,613 6,098 6,693 8,689
Reserves other than gold
4,949
25,033
2,101
79!516
918
3!558 6,201
Total reserves
257,763 932,116 272,232 321,947 123,218 99.941 554,446 97,851 87,987 83,774 6o,497 305,383 3,197,655
9,041
17,162
Non-reserve cash
68,460
2,539 3,209
1,3~
8,352 5,206 6, 764 1,126 3,517 2 , 461
7,697
Bills discounted:
tS,do) ~'13
ttl
92,041 38,288 33,118 22,284 23,296 57,261 ~4,661;. 27,082 3,163 15,895 359,0:W
Secured by U.S.Govt.obligations 23,998
32,108 11,425 28,327 30,4 79 62,211 4 7,171 41,
34,217
Other bills d iscou.."'lted
16,938 35,285 11,794 35,922 387 ,1-85'1°
Bills bought in open·market
32,116
91,980 23,751 28,803 1,959 10,918 39,365
122
41
785 45,436 23,094 298,370
Total bills on hand
90,331 216,129 73,464 90,248 54,722 96,425 143,797 59 J 418 21,643 63,152 Go, 393 74,911 1,044,633
u. s. bonds and notes
3,888
4,559 12,565 9,943 1,341
328 6,939
7,876 7,480 6,280
70,384
9,185
U. s. Certificates of indebtedness 562
18,101
812
38
2
660
236
20,911
5CO
MUnicipal warrants
103
51
154
Total earning assets
94,781 238,789 86,170 101,003 56,063 96.806 151, 396 59,418 30,019 70,868 66,673 84,096 1,136,002
Bank premises
4,434
14,163
745 9,839 2,617 2,932 8, 715 1,269 1,935 4,973 1,953
3,140
56, 715
5~ Reddmption fund against
F. R. Bank notes
28
28
Uncollected items
58,521 134,949 55,501 57,652 61,302 29.090 81,115 36,423 16,473 38,305 30,040 43,918 643,289
All other resources
1,088
150
276
409
470
467
41 2, 732
14,602
703
4,311
695 3,260
TOTAL RESOURCES
432,811 1,330,146 417,463 494,059 245,056 237,824 801,345 201,766 140,272 202,132 164,912 449,045 5,116,831
Rele~~d ~or
--
c.
http://fraser.stlouisfed.org/
-··--.
Federal Reserve Bank of St. Louis
.;
- L_,....,._
- ..1.
.
~~"~-- ----~-~~-------
Released for
publi~~ar.ion
Friday rr1orning, :Cecember 7, 1923; not earlier.
BESOURCES .AND LI.ABILITIES OF THE FEDERAL RESERVE 13.ANKS AT CLOSE OF IUSii:JESS
Federal Reserve Tiank of
Ca.pi tal paid in
Surp:..us
Deposits::
Government
Member bank .. reserve al~l~Ount
Other deposits
To tal deposits
F. R. notes in a<'.tual circulation
F.R. Back notes in circulationnet lia-oility
Deferred availability items
All other liabilities
TOTAL LIA]ILIT!ES
Ratio of .total reserves to deposit
and F. R. note liabilities
combined, per cent
Boston
New York
94o
124,033
202
125,175
228,186
5, 1923.
L I AB I L I T I E S
(In thousands of dollars)
Cleve, Rich. Atlanta Chir.ago St.Louis Minn.
Phil a.
4,427
8,942
29,443 9,936 12,335 5,755
59,800 18 '749 23,495 11,288
7,890
16,312
:CECErvf~E:S.
15,223
30,398
5,012
9,665
Kans. Cy. Dallas
4,548
9,435
3,497
7,473
San Fran,
4,196 7,852
7,496 15,263
Total
110,114
218,369
610 2,707 1,418 1,812
30,065
5,606 2,423 1,380 2,090 1,761 3.339
5,979
685,630 115,542 161,941 65,002 56,o6o 272,870 67,136 47,197 76,400 61,225 150,974 1,884,010
21,429
466
11.6')2
162
928
138
475
536 4,699
703
353 1,115
70,034 49,043 79,193 63,522 159,012 1,935.504
703~261 116,505 165,763 66,558 58,034 279,404
426,837 220,839 239,033 104,015 143,090 406,311 77,695 62,619 65,669 56,724 221,580 2,252,598
489
489
53,981 105,715 49,376 51,239 55,886 21,505 671 54o 37,886 16,332 41,876 29,982 43,029 574,347
25,410
1,474 1,308 l ,358 2,503 2,309
1,267
5,090 2,058 2,194 1,554 1,826 2,469
432,811 1,330,146 417,463 494,059 2~5,056 237,824 801,345 201,766 140,272 202,132 164,912 449,045 5,116,831
82.5
72.9
Contingent liability on bills
purl~hased for foreign
correspondents
6,368
80. 7
72.2
79.5
1,579
80.9
1,982
753
2,552
66.2
808
78,8
5],8
624
789
50.3
661
80.4
1,303
76.4
18,373
FEDERAL BESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION
F. R. notes outstanding
F. R. notes held by banks
F,R,notes in actual circulation
245,603
17,417
228,186
704,161 239,942 266,341 114,195 155,826 449,067 93,082
275,324 19,103 27,308 10,180 12,736 42,756 15,387
426,837 220,839 239,033 104,015 143,090 406,311 77,695
65,157 77.678 60,528 263,163 2,732,743
2,538 12,009 3, 804 41, 583 4so ~ 1 .l~5
6?,619 65,669 56,724 221,580 2,252,5)6
DISTRIBUTION OF 3ILLS, U. S, 6ERTIFIGATES OF INDE:DTEDNESS AND MUNICIPAL WARRANTS BY MATURITIES
Within 15 days
16 to 30 days 31 to 60 days 61 to 90 days
From 91 days
Over 6 months
Total
to 6 months
506,804
92,000
20,186
113
Bills discounted
Bills bought in open market
U. S. Certificates of indebtedness
M.micipal warrants
•
72,584
51,144
92,131
96,973
1
10
31
L
48,257
52,588
25,542
5,665
724
-- -- _- l.. :_
746,263
298,370
20,911
154
~------"'-__.......___
~
· Released for publication,
Frid~
t
FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE
i'
~t.
mornir.g, December 7, 1523; not :;.arlier.
(
OF
BUSINESS, DECEM3ER
38)0d.
5, 1923.
(In thousands of dollars)
c
~
(·.·
f.·
Federal ReseT.'V'e Agent at
Boston New York Phi1a.
Cleve.
Rich.
Atlanta .Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total
RESOURCES
Federal Reser;re notes on hand
Federal Reserve notes outstanding
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
TOT.AL
87,850
245,603
310,720 41,4oO 49,120 27,950 74~432
702,161 239,942 266,341 114, 195 155, 826
126,440 24,390 9,245 30,753 24,054 62,700 869,054
449,o67 93,082 65,157 77,678 60,528 263,163 2,732,743
35,300
17,266
113,000
235,531 7,000 8, 780
2,4ll
27,384 13,486 13,468
371,000 155,889 197,000 6 7,295
2,400
4,438
57,000
11,080 13,052
320,534
7,391
2,067
2,094
3,
798
20,953
117,197
1,139
8,693
336,644 30,000 32,000 29,360 16,500 212,206 1,617,894
103,730 49,935 18,966 46,224 32,839 30,004 677,118
68,246 63,567 47,093 44,489 91,988
80,037
472 16,468 25,852 44,479
4,172
39,882 9,455
8,827
318,392
40,587
851
10,294 117,053589,350 1,832,095 522,135 622,389 265,167 390,256 1,064,456 220,009 140,031 202,577 170,962 633,505 6,652,932
L I AB I L I T I E S
Net amount of Federal Reserve notes
received from Ccmptroller of the Currency
333,453 1,012,881 281,342 315,461 142,145 230,258
Collateral received from
Federal Reserve Bank:
Gold
Eligible paper
TOTAL
575,507 117,472
74,402 108,431 84,582 325,863 3,6o1,797
633,915 176,375 219,248 69,706 63,838
345,337 43,147 46,191
_1_8......:5,_29.:....;9_6_4_,_4_1_8_8_7;...'6_8_0~53...:.,~3_16__;9;_6..:..,1_6__
o__
14..:..3.:....'6_1_2--=..:59~,390 19 ,4 38
31,454 27,689 233,159 2,055,625
62, 69 2 58, 691 74, 48 3 995, 510
589,350 1,832,095 522,135 622,389 265,167 390,256 1,o64,456 220,009 140,031 202,577 170,962 633,505 6,652,932
~-----------------------------
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