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STATEMENT FCS Released fcr publication Sunday morning, February 20; not earlier. TrtE PRESS St. 1801Federal Reserve Board February 19 , 1921 . CONDITION OF FEDERAL RESERVE BANKS -^ii§fc,®oato 1 eduction3 of 4l«l millions in. the holdings of dis counted paper and of 10.8 millions in other earning assets, accom panied by an increase of 10.7 millions in gold reserves and decreases of about 13 millions in Federal Reserve note circulation and of 25-5 millions in deposit liabilities, are indicated in the Federal Reserve Board s weekly consolidated bank statement issued as at close of busi ness on February .18, 192 I . The reserve ratio shows a further rise from 49.6 to 50.3 per cent, the highest since September 26, 1919 . Following the issuance during the week by the Treasury of a new series of 132 .$ millions of loan certificates, the Reserve banks' holdings of paper secured by.Treasury certificates show an increase of 8.2 millions, as against/reduction of 29.7 millions in paper supported by other United States securities. Other discounted paper on hand shows a decrease of 19*6 millions; acceptances purchased in open market declined by about 9 millions, and Treasury certificate holdings by 1.8 millions. As the result of the changes noted, total earning assets show a further decline of 51.9 millions for the week bringing the total reduction frcm the peak figure reported on Oct. 15 of last year to 603.1 millions. ^ e total holdings of 990*2 millions of paper secured by United States government, obligations, 579*7 millions, or 5 8 .5 per cenJ* * are secured by Liberty and other U. S. bonds; 282-1 millions, or 28.5 per cent, by Victory notes and 128 .4 millions, or 13.0 per cent, by Treasury certificates, compared with 59 1 .6 , 299.9 and 120.2 millions reported the week before. Discounted bills held ty the Cleveland Reserve Bank are shown inclusive of l4>5 millions of bills discounted for the Dallas Bank, both the Atlanta and Minnea polis Banks having redeemed during the past week all their redis counted paper. Acceptance holdings of the Boston, Philadelphia Cleveland and San Francisco Banks include 33 .4 millions of bank' acceptances purchased from the New York Bank, compared with 46 millions on the previous Friday# As against an increaseof 13.1 millions in Government deposits, reductions of 1 9 >U/in memoirs1 reserve deposits and of 1 .2 millions in other deposits are shown. On the other hand, the "floatn carried by the Reserve banks and treated as a deduction from inmediately available deposits is shown 18 millions larger than the week 7 °/® ' consequence, calculated net deposits show a reduction of 25*5 millions for the week* Federal Reserve note circulation shows a further decrease for the week of about 13 millions, as against an increase of over 18 millions for the corresponding week in I 92O. Federal Reserve Bank note circulation shows a decline for the week of 4.8 millions, compared with a decline of about 5 nillions for the corresponding week a year ago* Since December 23 of last year, the combined circulation of Federal Reserve notes and bank notes has declined by 392*9 millions, or at an average rate of 49 «1 millions per week* 1or r>,blicaticn Sirnday morning, February 2Q, 1921; not e a r lie r RESOURCES At'TD LIABILITIES OF THE T’TTLVE FEDERAL RESERVE BANKS COMBINED. p „ „ S Boari • - n, . & 722, 729,000 1, 2 6 0 ^ , 0 0 0 G oM ^ifh0^ 1101^ banks O o lf r o w t o r ^ r erVe Ag®t8 ; r — reserves Bills discounted ^®cu.red by U .S . Government obligations . other 1,^74,226,000 ilxs bought m open market 990, 182,000 t . 19,000 261 , 759,000 2, 818, 90S,000 19 , 309,000 64l,66l 000 . 1 7 & 2& E S . , ~ — n t 2 , 035, ^ 0,000 1 , 525 , 203,000 175,873 000 531 . 703.000 2,521,329,000 25 , 8^9,000 2,890,227,000 26,775,000 19,000 63,000 268. 6l 0.000 3 , 1 ^ , 675,000 263.574.000 2, 870, 231,000 18 , 977,000 567 478 000 12 ’ 207*000 3 *300!000 12,114,000 3,300,000 , S~ 100, 7^,000 202, 036,000 „ . . 11,144-000 1 029 653 000 ’ 12* 724’ 000 7*5OO^OQO. ........... 3 , 251 , pop 5,222, 491,000 6, 278, kSJ,000 100, 557,000 202, 036,000 90, 531,000 120, 120,000 i.& M k S S S i.t S S iM credits ^ J° -aJL ff°S? dep+ ° Sl?S n * notes in actual circulation notes in circulation - net liability ° £ “ t * ^ i ? i t ip s Katio of total reserves to net deposit and F- 5 . note" liabilities ccnilDined Ratio of gold reserves to FJR- notes in circulation after setting aside 35^ against net deposit liabilities " -- U 32.POO 5,256,021,000 s S t if s paid in GoveVS»rt deposits 1 969, 814,000 65. 626.000 u ^ T uvu 833,321,000 2r53i , 222, COO 25,843,000 L I / B T L I T I E S 709, 933,000 1, 150, 796,000 109 , 083.000 2,342,198,000 1 , 0 1 1 , 677,000 1 393,239 000 _l£bJQ^LQ QQ ‘ .000 $2, 132, 652,000 ' “ $2 121 972 000 _ 2?0 . 33£. 000 ' ?Z0 . 2 2 0 . OOP -K' ^.v: V, uuu 2, 352, 990,000 r ^ aG rvaiiL°+ ^ anJ V ■??vfirment TV o* n^ ' ss . . , V ’>.. ''lflcates of indebtedness . B^nS'ir J !aminS assets n ank premx.es c^Cn j 6° ltemE 311(1 other ded-uctions from gross deposits 5/* Redemption fund against F- R, Banknotes Gold aoroao. xn custody or in transit W 685, 465,000 1, 269, 037,000 _ 167 , ^ 76,000 _lfeL3ZZ*0QQ T i ^ reserves Legal tender notes, silv e r,7 etc. <Vr + _____ St-1001a- iT f 2,286,779,000 2,238,131,000 3 , 037* W * . 000 193 , 431,000 - ^ ..591.000 3 , 050, 4l6 , 000 198 , 178,000 sea 5, * * .021.000 ^ .^ O O O 50-3/^ 2,815,450,000 2,977,124,000 240, 858,000 j&jsL so o 6. ^ ^ 5 7 *6$ < 000 2 -7^ U7 *^$ iteleassd for publication Sunday corning, February 20, 1921; not earlior. RESOURCES A:>T LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS EEBRUfiRY IS, 1921. p ae«T.t,. T ! i - P f<VM ariff 7■ + m ^ 1CdeSB ■ « „ t f n ^ h V Roirf wltv r r a" hy banks f o i d r ^ t ^ - R . Agents G old^ede^txon fund T o e®virv'jS., Legal tender notes, silver, etc. Bills d isc^n t!d : (a) Airoth-r 7 U *S*<k)Vt‘ 0bligati0nS „ s : t ! s . : n R E S O U R C E S (In thousands of dollars) New York Phila. Clevel. Richp, Atlanta Chicago St.Louis Minn. Kans.Cy. ^ 2 ' ^ S >3 ’ 3^ 7,190 4 , 01 s 5 , 02s a , 391 3 , 6s 4 8 , 1+56 2,561 ---6.2!821 42,596 104,834 27.395 1 0 t228 111 . 2qU 26,560 8.934 33,340 53,265 185,319 45,939 112,024 3 l,4 ii 15,256 132,685 30,244 17,390 35,901 162 ,511 205,362 122,152 l S i ,353 52,724 59,688 202 ,243 63,800 25,066 36,403 j ^ j q 4 1 , 000 _ ^ 3 k6 l _ j l .289.. 6,257 7.795 28.166 4,823 3 a 20 2j l ,746 431 , bgi 176,254 304,666 91,052 82,739 363,088 98,867 * 5,636 77,163 O 2 ^ 6 0 _ _ J ^ 4 65 2,99 2 4 .4 4 4 6,287 U.707 131370 ^ 8 8 779 2.8SG 244,205 591? 14b 1 79,246 309,110 9 7,339 2 7 ,^ 6 376,458 104,855 4&,4l5 20,029 Boston ;9'P 8 ? 'i ° l a s » 5^ ° d S u o r t o n j a ? S SF.taE. 375,282 109,390 u r n a s 5 7 , 79 3 \ 50,825 59,212 131,353 “ :g “ : S ‘":S •“ « "SSI « S 5,::S ° ’TnLiCartifiC3t&S ° i indebt" dn3ss Bank premises^ ** and other d.- St.lgOl’o. -- 59^ 9 - 3 1 . 2 8 2 23,800 1 2.262 16.665 19? ' ? K 12 5 */97 lli7»°39 ^ 3 ,1 2 4 J,“ 6 i*2,668 5° 2 lK 93° ^ 57'027 Dallas San Fran. Total 5,6 11 1 7 , 5^2 210,978 7.832 32,310 511.751 1 3 ,^ 3 49,852 722,729 1 9 , 4 8 6 12 9 , 6 9 8 1 , 260,546 4.859 M 35 10.346 149.37 39,864 189,896 2 , 132,652 V.010 1.970 23^ 338 44,874 191,866 2 ,3 5 2 ^ 9 0 3^,752 i s , ^21 37,729 13,779 * “ - s « ” • * * * "-S i s ? 39.862 16.39 5 108,327 1 *"9* 5"3 2’7° 7 fe6 U9-S76 25’072 7S’ 7“*6 33.118 ^ 0,471 w r (b) Includes bankers* acceptances bought from other F.R.Banks: Without thoir endorsement - 1,18 2 - - *4,500 6,733 - - - ' ^ ^ 16,395 *5,*** _ e 8^300 1 1 .1 1 6 26l . 75Q 79,325 200,653 2,818,908 37.9“*9 te .5>*7 r . , . i »D7 2 2 »5i+i 1,300 1,239 601 626 1,725 523 320 916 586 Go d abroad m custody or m transit 241 1 ,2 1 1 264 270 162 119 393 155 29 158 86 All otner rs sour css 481 2.291 473 39 3 4o6 276 1,066 527 134 364 66l total resources1*61,895 1 , 695,503 452^249 567,654 275,679 265,121 gs4 | a 9 248,191 151,034 252,253 165,244 1+36,949 5 , 856,021 (a) Includes bills discounted for other F„ R. Banks, viz: f y t “W u’i S 8-420 12.82(5 27,083 1 23,900 598 990,182 . _ 665 152 667 _ *» 641.661 12 ,114 3 300 7 73Q 14,500 7 10,615 33,3^3 Released for publication Sunday morning, February 20, 1 9 2 1 ; not earlier. RES.URCES AND LIABILITIES OF T?TE FEDERAL RESERVE BAFTS AT CLOSE OF BUSINESS FEBRUARY 18, 1921. (in thousands of dollars) ■ p , L I A B I L I T I E S -cston New York Phila. Clevel. Richm. Atlanta Chicago St-Louis Minn. Kans.Cy, Dallas Federal Hoserve Bank Capital paid-in Surplus Government deposits Due to msmbers - reserve account Defefred availability items Other deposits including foreign goverrment credits Total gross deposits F. R< notes in actual circulation F. R , Bank notes in circulation net liability All otv er liabilities TOTAL LIABILITIES i R 7 i? s'pg? 9,288 8,510 ll ,(S S 3)297 10,S95 5>3° 5 l^ ’ n^o lo,O 0 9 20’305 3>226 10 ’ 56l 1,094 9 73Q u, u38 8,346 4 Un7 3,^85 28,980 ? 177 U 77? 3 b ,8 7 3 ^ 81*.761 k0, 1I 1 1*3 ,3 11 1 52 ,75! 58,3° 6 39,775 ^ 6 , 826242,336 22i72g 53i513 66 *822 3 1; J50 44 *244 76*473 ^30 4s4 202 1,83 7 546 o U i S ’ ??n f2r’ 5f ?5,659 71.533707.U25 1037125 7 yi , 9 yl ^54,110 300,979 149,34b 106,261 496,143 123,203 370 S & ^ ,50 9 ,6 3 1 U ul*7 Contingent liability as endorser on discounted paper rediscounted with other Federal Reserve Banks 6 3,8 32> O S3 M FM 0 R A N D A 4 s .9 Ul.o 51,9 ^88 9,159 U ,i 3 i San Fran- 7,026 14,194 202,036 61,516 7, 565 113,4^1 51^313 1,720,855 6,033 31,380 205 61,132 123,852 71,366 100,4o6 7*7S3 54.3 6 »73S 4o*o 1 2 ,3 1 9 44.8 ‘ . 2I i o S 2^ Total 100 , 7^0 9 i n -; U79' g r 24, 73___ 5,929 80,355 158,325 2,286,779 67,152 245,983 3 , 0 3 7 , ^ 6’ 20g 4o*9 193,431 8,965 _2>56 LI5.591 436,9^9 5, 850,021 53.0 50 -3 lU, 500 l4,-50C 1 33,3 & Contingent liability on bills purchased for foreign correspondents 1 loS 51-5 13 " ) 5 1 6,980 ,1 Bankers’ acceptances sold to other F , E . Banks without endorsement Bills discounted Bills bought in open market U* for S*FRASER Certificates of indebtedness Digitized 1 77Q lU-o65 } 1 ’ 79P— -X»659 Ratio of total reserves to net deposit and F .R . note liabilities combined, per cent 6 4 *9 F* R* notes outstanding F * R • notes Held by banlcs F* R« notes in actual circulation U>020 8,343 S t. 1 '-01c . 33, 3/3 8 , 100 1,280 1,3 12 784 576 1,904 752 432 76 s Ul6 736 18,228 FEDERAL RESERVE NOTES OUTSTAYING AND IN ACTUAL CIRCULATION ?i f ’ I I ? J' 329 , 9 3 1 1 5 5 . 5 0 9 17 2 , 2 3 3 5 ^ 8, 2 1 8 1 4 3 , 69473,262 107 , 6.59 71,682 295,022 3 , 349,950 ___ 22^252__ 6,163 5.972 42,075 20,491 1,896 7 , 2^3 4,530 - ^ 0 1 2 ___ 2.12x506 0lT 791799^2547110 3 0 ^ 9 7 9 1 ^ ^ 1 5 6 , 2 6 1 7 1 4 9 6 , l ^ r 2 3 t a r 7 l ^ g ~ i c ^ 5 ~ T 7 t 352' 2^5,983 3 ,037TI+I® | 59 DISTRIBUTION OF BILLS AND Ur S. CERTIFICATES OE INDEBTEDNESS BY MATURITIES «ayS 1^ to 3° d a 'rs 31 to 60 days 6 l to 90 days Over 90 days ' 50,848 6.323 54,17 2 7,5?1* 344,526 n9,U7l 6,949 2“17,328 - 151 6,813 ‘* ° ' 5 f e ~ 234,093 Total 2,364,408 166 , 874 261,759 Released for p u blication Sunday morning, February 20, not e a r lie r . FEDERAL R7SSJCRVE agents' ACCOUNTS AT CLOSE OF BUSINESS WBHUmY IS, 1921. St.ISOId. (In thousands of dollars) Federal Reserve Agent at R E S O U R C E S Federal Reserve notes on hand Federal Reserve notes outstanding Collateral security for Federal Reserve notes outstanding: Gold and gold certificates Gold redanption fund Eiig-bie^ Gnt fmd-F*F?' ;Board Amount required Excess amount held T0TAL Boston 130,030 276,462 New York Clevel. Richm. Atlanta Chicago St ..Louis 268,000 25,7^0 51,240. 23,369 74,675 912,773 267,499 329,931 155,509 172,233 5,600 169,608 21,911 9,754 135,000 Phi la. - 23,7 75 14,763 17,578 26,000 107,329 140,000 147,420 24,720 532,212 143,694 Minn. Kans.Cy. 13,135 4,520 73,262 107,659 2,784 3 , 500 - 5,960 1,888 3,409 1,214 50,000 54,300 15,098 187,145 54,431 10,200 Dallas San Eran. 17,643 4g,300 71,622 295,022 13 052 5 291 3,043 4’, 36l 17,428 33,360 9,234 112,270 Total 802,252 3,349,950 227 3 86 113!831 919,329 113,957 34,101 697,067 2, 252,515 577,490 727,252 337,087 436,749 1 , 266,404 323 , o45 122,737 250,591 174,344 659,213 7 , 891,094 326,498 1 , 186 ,773 293,239 321 ,17 1 172 , 872 246,908 L I A B I L I T I E S Net amount of Federal Reserve notes rec3 ived from Comp troller of the Currency 625,638 162,47 4 26,397 112,179 89, 325343,322 4 , 158,802 202,243 378.523 77.274 102,009 25,066 19 , 426129,692 65.533 186.193 1 , 260,546 2.471.746 697,067 2 , 252,515 577,490 727,852 337,087 436,749 i , 266, 4o4 323,045 122,737 250,591 174,344 659,213 7 , 291,094 Collateral received from Federal Reserve Bank: Eligible paper T0TAL nkf’nci f S ’ l S Jf 2*1 ^2 181,353 52,7 84 59, 68-8 — jM iP.5 2-- gfojigO.,. 162,099 165.322 105.425 130.153 63,800 90.771 36,403 STATEMENT FOB THE PRESS Released for publication gt Sunday morning, February 27; Federal Reserve Board not earlier. February 26, 1921, CONDITION OF FEDERAL RESERVE' BANKS Aggregate increases of 35*5 millions in the holdings of bills discounted and purchased in open market, accompanied by increases of 2b . 5 millions in net deposits and of 1 4 .3 millions in .Federal Reserve note circulation, are indicated in the Federal Reserve °f’r bank statement issued as at close of business on i?aDruary 25, 19 a , As against increased deposit and note liabilities av? ? T rV?1Banks. show a f^ t h e r gain of 7 .7 millions in gold and of o ‘^ H i o n s in total cash reserves. The reserve ratio shows a decline from 50.3 to U9 .9 per cent, ov, » Wi? ^ excePtion bills secured by Liberty bondsk which ~ v \.a miH io n s , the holdings of /Siscounfet^ifls show stantial increases: bills secured by Victory notes - by 9 .6 millions s secured by Treasury certificates — by o.4 millions, and other dis counted paper-by lg .i millions. Acceptances on hand went up 3 .6 mil lions, while Treasury certificate holdings show a nominal decrease, s t e result of the changes noted, total earning Assets show an in— 35-2 millions for the week, the February 25 total standing e!,854.I millions, compared with 3 , 279.2 millions about a year before TT . . 0f the total ^ c lin g s of 1,004 millions of paper secured by united States Government obligations, 577.5 millions, or 57.5 per cent, were secured by Liberty and other U. S. bonds; 291.7 millions, or 29-1 per cent, by Victory notes, and 134.8 millions, or 1 3.4 per cent, by Treasury certificates, compared with 579 . 7 ,-282.1 and 128 .4 millions reported the week before. Discounted bills held by the Cleveland Reserve Bank are shown inclusive of 13 .6 millions of bills discounted tor the Dallas Bank, compared with 14-.5 millions the we^k before, while acceptance holdings of the Boston, Philadelphia, Cleveland and San rancisco Banks include about 2k millions of bank acceptances purchased from the New York Bank, compared with 33.4 millions on the previous Friday. ^ Changes in the deposit block include increases of 1 .4 millions in Government deposits and of about 2 millions in member banks' reserve deposits, as against a decrease of 1 .3 millions in other deposits. The "float " carried by the Reserve Banks and treated as a deduction from immediately available deposits is shown 24.3 millions less than the week before, with the consequence that calculated net deposits show an increase of 26.5 millions for the week. For the first time since December 23, 1920, the published figures of Federal Reserve note circulation show an increase amounting to 14-.3 millions for the week, as against an increase of i+2.9 millions for the corresponding week in 1920 . Federal Reserve Bank note circulation shows a decline for the week of 4.1 millions, compared with a decline of 3.7 millions for the _ corresponding week a year ago. -ttexeased tor publication Sunday morning, Fabruary 27, 1921; not e arlier. RESOURCES AlTD LIABILITIES OF THE T'ELVE FEDERAL RESERVE L£"TS COMBINED R E S O U R C E S Gold and gold certificates Gold settlement fund - F. R. Board Gold with foreign agencies To tal go Id he Id by banks Gold with Federal Reserve ~Agents Gold redemption fund Total gold reserves Legal tender notes, silver, etc. Total reserves February 25. 1921 $217,335,000 530 , 104,000 747 , 439,000 1,23*+, 181,000 __ 15S . 693.000 Bills discounted b y U -S ‘ A verm en t obligations vAll other ills bought in open market Total bills on hand U. S. Government bonds U. S. Victory notes 1.003.975.000 1 . 392. 279.000 — 1Z_Q.503.000 2 . 566. 757.000 25* 8^9,000 19,000 261 . 510.000 TJ* S; Certificates of indebtedness ■total earning assets Banlc premises S C^ l GCtlf'r itans 3214 other deductions frcm °ross deposit* 5,» Eeaaopt!® fund against F. !!. EarJc not“ gr° SS ; JJ:d ln custody or in transit All otner resources total resources I I A B I L I T I E S Capital paid in Surplus Government deposits Due to members - Reserve account Deferred availability items deP0Slt -o asid^ 35/o against net deposit liabilities 990, 182,000 1,37U ,226/000 166 . 874, 000 2.531.282 .000 25,2 4 8 , 0C0 19,000 26l . 759.000 2, 818, 908,000 100.790.000 202.036.000 100, 7 ^0,000 202, 036,000 2.279.019.000 3 , 051 / 706,000 129,325,000 38.225.000 5.861.101.000 F ' E ' n°<* t0 f R- notes ln circulation after $2 , 132,652,000 220. 338.000 2,352,990,000 19.309.000 64i, 661,000 12 , 114,000 3 . 300.000 ____ 7,739.000 5.856.021.000 J>'*7 A il'othl?: H a ‘ u i t " e° irCUlati°n - ne* TOTAL LIABILITIES 722,729,000 1 ,2 6 0 ,5 ^ ,0 0 0 - 1^9,377.000 2.854.135.000 1 9 . 469.000 607. 422.000 12 . 159.000 3 , 300,000 7.617-000 5.851.101.000 62,984,000 Totrafjr°oSs‘ Sd e p o : S inS f° relgn * > " « « “ « • * « . F. P. notes in actual circulation ^lia b ilitie s ^ re3erV0S $2,140,313,000 2i5.6g6.ooo 2,356,999,000 February IS. 1921 $210,978,000 511,751,000 49 .9fo 58 6l , 516,000 1,720,855,000 U7° 799,000 24. 60 9. 000 2, 286, 779,000 3.037.444.000 193,^31,000 35.591.000 5.856.021.000 St.1814a. Feb. 27. 1920 $ 206, 877,000 385, 59^,000 112 , 822. 000 705, 293,000 1,1^5, 47 9,000 116 . 064 . 000O R , 836, 00c 116 379.000 2,083, 215.000 1,572, 980.000 880, 531 , 00c -52i* 367.000 85, 878,000 26, 775.000 6s , 000 267, 511.000 3,279, 232, 000 n , 226,000 1 , 026; 726.000 12 , 276.000 3.681.000 6>,Ui6 , 356,000 702,000 90, 120 , 120,000 133, 913 , 000: 1,871, 961,000 810, 402.000 _25, 026.000 2,911, 302,000 3,019, 984.000 237, 131.000 _ I L 117.000 6, 416 , 35?, 000 50-3^ ^2.5'A 5'8. 5$ 47 Released for publication Sunday mronin-s, February 27 , 1°21; not earlier. RESOURCES AFP LIABILITIESOF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS FEBRUARY 25, 1921 . R E S O U R C E S (In thousands of Federal Reserve x;arik of BostonNew York Phila. Clevel. Richm. Atlanta Chicago St.Louis Minn. Kans.Cy. Gold and ttold certificates 8,632 130,990 3,081 7,011 3,899 4 ,943 21,210 3,551 8,402 2,506 Gold.settlement fund - F.R.Board 45^05 47,070 5b,403 I l 6 , 501 28,831 11.552 10q.621 25,iq6 12,687 38,686 Total gold held by banks 5^,037 1 78,060 59,484 123,512 32,730 16 , 1+9 5130 ,8 31 28,747 21,089 *+1,192 Gold with F. R„ Agents 157,857 205, 1 0 9 1 1 9 , 53 918 1,568 50,239 60,350 193,341 63,929 25,250 36,468 Gold redemption fund J-9,913 36,000 10,040 10,181 8,289 6.803 36.008 4,433 2.748 4.4lg Total gold reserves 231,807 419,169 189,063 315,261 91,258 83,648 360,180 97,109 597087 82,078 Legal tender notes, silver, etc. ...12,008 158,104 3,122 4,597 5.909 4.380 11.712 6.296 54q 2.888 Total reserves 243,815 577,273 192,185 319,858 97,167 88,028 371,892 103,405 49,636 84,966 Bills discounted: (a) Secured by U,S.Govt.obligations 58,205 393,451 110,13D 6 1 , 814 / 49,763 58,150 1 28,523 33,918 1 5,212 3 7,463 All other 77,380 488,990 46,849 62,005 59,526 66,543 258,079 55,262 58,245 62,772 Bills bought in open market ( d ) _15J_518 30,743 20.918 40.034 3.bll 1.678 11.431 964 205 537 Total bills on hand 151,103 913,184 177,887 163,853 112,900 126,371 398,033 90,144 73,662 100,772 U . S. Government bonds 550 1,257 1,434 834 1,233 ll4 4,490 1,153 ll6 8,867 U. S. Victory notes 5 _ 10 3 _ _ ]_ U. S. Certificates of indebtedness 21.503 59,579 30.900 23.800 12.262 16.666 39,679 lo,078 8,480 12.820 Total earning assets 1 73 ,l 6l 974,020 2 1 0 ,2 a 188,497 126,395 143,154 442,202 107,375 82,258 122,460 Bank premises 3,120 4,457 503 1,640 1,498 543 2,707 626 598 1,6 1 5 Uncollected Items and other de~ auctions from gross deposits 4i,023 139,074 56,488 61,053 46,318 24,714 74,878 33,646 15,668 44,282 5% Redemption fund against F. R» * Banknotes 1,072 2,483 1,300 1,239 601 616 1,651 523 507 9l6 Gold abroad in custody or in transit 241 1,211 264 270 162 119 393 155 89 158 All other resources ' 487 2.266 514 432 430 349 1.125 488 147 34l TOTAL RESOURCES (a) Includes bills discounted for other Fh. R„ Banks, viz: St.1814b. dollars) Dallas San Fran. Total 5,535 17,575 217,335 8,4l2 29,740 530.104 13,947 1+7,315 747,439 18,360 1 22,171 1,234,181 7.681 12.179 158 6q3 39,988 1 8 1 , 6 6 5 2 , 140)313 5,l4g 1.973 2l6.6g6 45,136 183,638 2,356!999 13,126 44,230 1,003,9 7 5 55,539 101,089 1 , 392,279 39 44.825 170.503 68,704 190,144 2, 566,757 3,979 1,822 25,849 _ ,q 8,300 11.443 261 510 80,983 203,409 2,854 135 1,763 399 19^469 33,201 586 86 598 37,077 607,422 665 , 12,159 152 44p 3,300 7!6l7 462,9191,700,784 461,475 57 2,989 272,571 257,523 894,848 246,218 1 48,903 254,738 162,353 4-25,780 5 , 861,101 -- - 13,615 _ _ _ _ _ 11,000 _ _ _ _ _ _ _ _ 13,615 (b) Includes bankers’ acceptances bought from other Banks; Without their endorsement 1 ,1 3 2 - 4,038 _ _ 7 ,7 9 2 23,962 Released for -publication Sunday morning, February 27 , 192I; net e a r l i e r RESOURCES i'JT) LIABILITIES OF T^F, FEDERAL RESERVE BANKS AT CLCRF OF HJSIFESS S t . l 8l 4c . FEBRUARY 25 , 1921 - (In thousands of dollars) Federal Beservc f-anic Capital paid in Surplus Government deposits Dae to members - reserve account Deferred a v a i l a b i l i t y items Other deposits including foreign government c r e d its Total gross deposits TL T\+ notes in actual c ir c u la tio n Th I*- Eank notes in c ir c u la t io n net l i a b i l i t y A ll other l i a b i l i t i e s TOTAL LIABILITIES I'sew York P h ila , C le v e l. Sichm- A tlan ta Chicago St.Louis Minn. Kans.Cy, D allas San Fran. Total 26,45 s 8,584 10,897 5,305 4,021 i 4 , 067 4,467 3,485 4,490 4,126 7,031 100,790 56 , 4 l 4 17,010 20,305 10,561 8,343 28,9808,346 6,980 9,159 6,033 14,194 202,036 62,984 £ 1*1 f ° . 5,889 1,552 1,925 6,750 3,719 2,552 3,356 2,448 3,099 o*,yo«t 655,730 10S, 180 148,472 56,973 44,434 251,965 64,187 43,296 79,321 49,455 111,163 1,722,919 3 6 ,6 5 ^ 79,110 44 , go0 51,359 37,236 18,692 56,316 33,027 12,906 43,483 26,696 29,429 469. SHr* toy 72^ b| ~15T4,776 265,717 3 1 4 ___ 1,474 13b____ 221 261 6,254 442 530 ___ 382_ 15 \ ‘+S2 206, m " 95,982 65,371 316^505 101, 463 ^ 59,1^3 12676^2“ 78, 86o i4q^45 2,279! O lf 79^,383 200,274312,502 150,21s 165,284 497,763 122,984 71,223 100,195 66,020 243,143 3,051,706 37,798 19,052 20,853 .,231 12,791 31,383 7,562 6,688 12,194 5,928 8,902 189,325 -13 , 9.95 2,073 2,318 1.274___ ij_ i2_ 6.150___ 1,596 38,225 1.384 .2,058 ....1,386__ 2 , 565 462,919 1,700,784 461,475 572,959 272,571 257,523 894,848-246,218 l4s, 903 254,732 162,353 425,780 5,861,101 4o 53-6 69.9 M E M 0 S A !f 5 A 48.6 42.7 50,3 54.2 43,3 46.5 4o .4 49.9 51.6 13,615 Banker3t acceptances sold to other 171* T « Banks without endorsement 23,962 Contingent lia b ilit3 " on b i l l s purchased for foreign correspondents 1,168 ln aCtual Circulation s<} oLfT7 2U£5_ 133 11. 50 b 16,943 Ratio o f t o t a l reserves to not deposit and note l i a b i l i t i e s combined, per cent 6U.3 Contingent l i a b i l i t y as endorser on discounted paper rediscounted with other fe d e r a l Taserve Banks P. notes outstanding T? P. notes held by banks L I A B I L I T I E S Boston 7,859 15,711 7,663 109,737 279,314 12*527 2^5,717 8,100 13 , 6-15 - 23,962 1,280 1,312 784 576 1,904 752 432 4i6 76 8 FEDERAL RESERVE NOTES OUTSTANDING- AND IN ACTUAL CIRCULATION 919,011 273 , 287 3 29,146 156,124 171,286 531,956 143,323 73,106 107,965 - l i i x I l & L ..16, 644 5 . 906____6.002 34.193 20.339 ll883 7.770 796,383 260, 274 3 12,502 150,218 165 , 2S4T97,763 122, 984 71 , 223 100,195 736 70,660 293,295 3,348,473 4. 64o 50.152 296.767 6'6,020 243,143 3 , 051,706 DISTRIBUTION OF BILLS AND U. S. CERTIFICATES OF INDEBTEDNESS BY ’ lATURITIES Bills discounted Bills bought in open market • Certificates of indebtedness ^ithin 15 days 1 , 455,023 . 63,335 s >324 l6 to 30 days 222,558 44,213 4 , 4o 7 31 to 60 days 3 97,788 43,348 9,036 6l to 90 days 283 , 234 19,607 5,350 18 , 228 Over 90 days 3 7,651 234,393 Total 2,396 , 254 170,503 261,510 Released for publication Sunday morning, February 27, not e a r lie r . St.ISlUd. FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OE BUSINESS FEBRUARY 25, 1921. (in thousands of dollars) r'-nn'!at. Boston New J:”ork Ph iia- Clevel - Atlanta Chicago !3t .Louis Minn, Kans.Cy- Dallas San Fran 74, 733 171,236 i4s, 300 23,730 531,956 1^3,323 12 , U75 3 ,9 g0 73,106 107,965 17,5^0 48,300 70, 660 233,295 793, 457 3,343,473 5,96o 4 ,033 53,931 13,052 2,103 1 , 93s 10,200 34,360 5,391 5,235 15,493 7,234 106,673 227,336 H 3 ,3 5 9 393 ^36 79,394 10,710 47,356 52,300 171,124 17,793 2,114,292 397,940 652,683 7,393,343 1,595 35, 200 34- 4,146,930 63,929 25,250 36,468 18,360 122,171 90,io 4 72,777 100, Uq 5 68,513 188,917 1, 23^, 181 2, 512,.232 .'95, 3oU 2, 277,073 573,533 722,970 332,292 432,691 1,271,51? 321,136 183,608 248,908 175,073 652,683 7 , 393, 3^+3 107,530 273,31^ 5,600 17,257 135,000 121,457 29,646 2oSf000 23 ,3^0 49, 2U0 oi 0 Oil 273 ,237 3 2 9 ,i46 169, 60 8 Q ^1 501 26, 000 20 ,150 17,753 95 ,339 1*40,000 3,500 2,350 54,500 i4 , 197 179 , lUU 713, 902 153 , 74s 14-7, 573 ,.'74 15.U38 171, 051 110,936 333,615 15,33' 59,305 23,775 . 24,921 71,^97 2?, 998 432,691 1 ,271,517 321 ,136 133, 60s 248, 903 16,213 1 S | y1 !1 0 Federal Reserve Agent at R F S O U R C F ?• Federal Reserve notes on hand Federal Reserve notes outstanding Collateral secxirit'; for Federal Reserve rsotes outstanding: Gold and gold certificates GoId red anption fund Gold ssttlai'ient fx^nd—^.R.Poarc Eligible paper: iteour-t r e t ir e d Excess acriotint held Total l i a b i l i t i e s -'t ar,aunt of Federal Reserve notes received frca Comptro H er of the Currenc"* Collateral received from Federal Reserve Raiik: Gold Eligi ble ■ca’oer total 246.069 fSS’ iS? 11 9 .539 1S1, 56s 50,239 60,350 ljl>lG3__ 8SU, 953 157,422 163,010 i i o j U q 126,272 680,256 167,103 193,3^1 397,920 25, 531 111,945 St .1817* c o n f i d e n t i a l Not for publication GOLD WITHDRAW FROM THE FEDERAL RESERVE SYSTEM DURING THE PERIOD FRCM DEC. 3 TO DEC. 30, 1920, INCLUSIVE (in thousands of dollars) Federal Reserve Bank Boston Paid to the U. S. Government 7,573 Withdrawn for export - Withdrawn for use in the industrial arts Withdrawn for "bank reserve 1,446 S 9,027 M 55 14 ,547 g 37,693 19,023 Philadelphia 11,065 - 510 Cleveland 10,760 - - 13 6 , 926 - - is Atlanta 10,512 - - Chicago 10 ,53^ - - Richmond St. Louis 4,44g Minneapolis 2,^77 Kansas City U,Uoo Dallas 4 ,869 2k 10,7 22 103,369 San Francisco TOTAL - - 11,5 75 - 10,773 9 6,953 - 37 10 , 5^9 - 602 n , 136 - 79 - ^,527 - - 37 - 2, 5lH - - - 4,4oo - 4,9S6 - - 93 13,053 S9U 222 15 U 25,105 13, 137 5, ^59 16,455 SIS 139,23 s FEDERAL RESERVE BOARD, DIVISION OF REPORTS AMD STATISTICS, FEBRUARY 22, 1921. Total - New York 60 Miscellaneous or not specified
@FedFRASER