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-----BTATEMJ:NT FOR THE PRESS St. 3944 Fed e:r.al Reserve B os.rd, February 21, 1924. Released for publication Friday morning, Feb. 22j not earlier. CONDI::::'IOlJ 0? FEDERAL BESkRVE :S.AJ.I!KS The consolidated statement of condition of the FeJerd.l Reserve Banks as of Feoruary 20, 1924, made public by the Fe.eeral Reserve Board, shows D. dec:ease of $60,300,000 in total earning assets, of which $50,20Q,OOO•vas in bills chscounteil for member banks, accompnnie~ with decreases of $,15,400·;ooo in Federal Ree~rvs· note circulation, and of $24,ooo,oco in member banks' reserve deposits. • A decrease of $55, COO, 000 in holcl ings of disc cuntecl bi Us is reported by the FeJeral Reserve Bank of New Yorkj of $17,300,000 by Cleveland, and of $5,500,0CO by Kansas City.· These Jecreases were partly offset by increases of ~7, 6::>0,000 reported by Richrnon,l, $6,4-CO,OOO by At.lanta, $5,400,0CO by San Frnncisco, ~4,500,000 by St. Louis, $2,300,000 by Philadelphia, and $1,400,000 by Minneapolis. Of the total hollhngs of aiscounteJ bills on February 20, ~'23.3,000,0CO was secured by Government obligations. Of this axn:mnt, $125,200,000 was secured by Liberty and other U. s. bonos, $100,900,000 by Treasury notes, and $6,900,000 by certificates of in€1 e bt ednes s. Holdin,~s of acceptances bought in open market ileclined $24,600,000 during the week, a large decline of $33,600,000 :reported by the FeJeral Reserve Bank of New York being offset in part by increc.ses in holdings :report ecl by Kmsas City ancl Philaclelphia. Hol:iings of Treasury notes increase,J $15,3C0,000 during the week, while holc1ings of certificates of indebteaness declined $900,000. Federal Reserve note circulation seclined $15,400,000, all Federal reserve banks except Boston, New York ~~d Minneapolis reporting smaller note circulation than a week ago. ,r Gold :reserves of the Federal :reserve banks declineel $2,800,000, the substantial increase of $73,600,000 repo:rteo by New York being more than offset by decreases reported for nine of the other :res0rve banks. Reserves other than gold declined by $5,300,000, and non-reserve casn by $700,000. · A summary of changes in the principal assets and liabilities of the reserve banks :luring the week ar.d the year ending February 20, 1924, follows: Incraase or decrease during Total reserves . Gold reserves Total earnir.g assets Bills discounted, total . • . Secured by U.S. Government oblicat ions Other bi Us 11 is counted • • . . i Bills bought in open market U. S. Government securities, total Bonds . • • . . . . . . . . . . Treasury notes . . . . . . . . . Certificates of indebtedness . . . $ 8,100,000 + $ 33,800,000 2,600,000 + + 273,000,000 131,800,000 135,200,000 3,400,000 • + 24,600,000 + 14,500,00C - + 15, jCO, coo 800,000 - 71,100,000 212,3001000 11,100,000 42,500,000 153 '700, 000 15,400,000 - 236,700,000 • - 20,700,0')024 ' 000 t 000 - . + + 2,5CO,OOO - 14,300,000 6,4oo, ooo 6,800,000 1,100,000 + Federal Reserve notes in c ircula.t ion Total deposits . • . . . . • . Members' reserve deposits Government ;1 enosi fs . . . . Other deposits . . . . • . c. b0,30C,COO 50,200,000 64,500,000 14,3CC,OOO 50,300,000 8oo, ceo - Released for publication Fric!l.y I:1orning, E'abruary 22, 1924 BESOURC.ESJU:W L!AlHLITIES OF TEE TWEINE FEDERAL RESERVE B~INKS COM3Il-.1ED (In thousM.cis of 6ollars) Feb. 20. 1924 Feb, RESOURCES Gold with Fe:leral reserve c:;.;;ents • • . • • Gold red ernpt icn fund with U.s. Treasury • l Qo],.d_ ge1d_§~~l1.l~iv§l_~ __ag?-_in§lt F.R.notes· Gold settler:-.ent fund with F. R. Board Gold and gol:l cert ific.::.tes held by banks • Tota.l 1!olcl__r<3_sa~ • • • • • • • • • Reserves other th~ gold • • • . . Non-reserve cash • • • • • . . • . Bills ::1 iscounted : Secured by U.. S.Governrnent obli::;a.tions Other bills J iscounted • • Total bills Jiscount~ . •• .. Rills bought in open market U. S. Government securities: .. BonJs • • • • . • • . . • •• Treasury notes • . • . . • • . Certificates of indebtedness • •r secur~ Total earning assets • • . . . Redemption fund Uncollected items . Bank premises • . . All other resources 13,lg24 . .. F. R. Bank notes • • . . . . . •• • . • • . • . . • • . • •• F~b. 3944n 21,1921 2, 161' 763 589,785 373,949 ),.125,49 7 111,917 3,237,414 50,502 2,139,913 __57~2 2,19 7, 728 553, 734 376,750 3;123,262 117 224 3, 2t~5, 486 51,160 2,142,076 __2?,641 2,19 7. 717 574,857 302,668 3. 075.242 128' 367 3,20),609 68,108 233,045 263,081 496,126 253,476 ~ 7,561 2'1-8' 785 546,346 278,079 366,241 259,682 627,923 182,353 18,260 95 599 27,8 70 141,729 891,331 18,234 30,261 28,760 ---127,255 951,680 28 562,725 54, 732 20,088 29 '315 *133, 105 186,614 ----354,034 1,164,310 311 606,809 47,042 16,566 2, 116, ot2 __ _!±2 ' l~!_ j I Total U. S. Government 5% St. 2S 627,100 55,153 20,907 ---- 4,882,435 ...,..' 1 88~ <:.'./09 ,.,., '0 5,106, 755 F.. R. Bank notes in circulation - net 2;023, 783 410 2,039,203 418 2, 260,49 7 3,066 Deposits: Member bank - reserve account Government . • . • Other deposits • • • . 1, 391,258 39,467 20,826 1,915,232 .36,960 20,017 1,89-/,685 46,}06 21,917 1,951,551 561,666 110,862 220,915 13,248 1,972,209 529,687 110,357 220,915 13,110 1,965,903 538,3;_x;J 103,374 218,369 11 '712 4,3&5 399 5,106' 755 TOTAL RESOURCES F. R. notes in actual circulation Total deposits · 1 Deferred avail~bility i terns Capital paid in • • • • Surplus • • • . • · i All other liabilities . •• . .. . TOTAL LIABILITIES 1 ---~-- 4,832, 435 I Ratio of total reserves to deposit and F. R. note liabilities combined 81.4% 80.9~; 75·8~; Contingent liability on bills purchased for foreign correspondents . • . . • . 15,818 16,294 31,533 c. *Including Victory notes. ....... ~ Rele.:otsetl for publict-.tion on .Friday morning, Fabruary 22, 1924; not earlier. St. 3944o. P.ESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AS AT CLOSE OF BUSINESS, FEBRUARY 20, 1924. Boston New York Phil a. Federal Resarve Bank of Cleve. Gold· with Federal Reserve agents 172,582 583,149 185,896 203,015 Gold raden:ption fund with U.S.Tr.eas. 7, 769 8,430 3,864 2,522 Gold held exclusivel~ ~ainst F. R, notes 180,351 Gold set t 1eznent funj with F. R. Boar.d 75,765 Gold and ~old cert if. held by banks 18,426 274,542 Total rrold reserves Reserves other. than r;old -~ ~1004 Total reserves Non-reserve cash Bills discounted: Sec. ey U. S. Govt. obligations Other bills discounted Total bills discounted Bills bou~ht in open market U. s. Government se~rities: Bor:Js Tre<;.sury notes Certificates of indebte~ness Total U. s. 282,546 3,542 13,698 90,155 _!2,276 17,442 25,974 107,597 25,733 44,537 2,14~ 918 549 20,321 13,265 2,066 3,821 9,6oo 19,S68 22,936 1S,004 61,307 Total earning assets 5~ Redemption fund - F.R. Bank notes Uncollected items 55,562 :B13-nk premises 4,312 All other resources 128 61,878 101,131 384,021 69,304 2,367 3,196 5,050 2,487 58,152 54,084 20,119 223,331 2,116,662 2,645 2,183 1,808 2,780 45,101 64,245 104,327 389,071 24,740 11,400 106,757 6,974 6,956 53, 3'07 95,959 122,683 549,215 3,820 9,145 14,189 99. 779 131,828 563 t 4o4 2, 773 5,495 7,392 6o, 797 20,120 9,167 90,084 1,217 91,301 668 71,791 14,366 4,587 90,744 13,732 104,4 76 4,639 30,732 23,150 20,912 8,750 19,831 10,883 8~289 13,398 31,182 33,725 35,982 27,357 39,021 36,548 52,0)4 42,475 55,813 38,240 25,058 34,769 2,429 10.533 31,892 2,740 1,202 11,677 6,989 544 6,913 Govt. securities 172,002 87,015 1,191 1,923 12046 4,160 89,321 58,683 202 2,076 1,225 4,426 9,943 4,213 1,514 3,503 1S, 582 567267 37,332 3,273 96,872 '5 ,274 102,146 3,0)2 21,9~7 10,705 12,127 44,759 6,530 51,289 2, 792 226,111 2,161,763. 38,080 589,785 23,065 373,949 287,256 3,125,497 4,146 111,917 291,402 3,237,414 4,014 50,502 1,360 4,481 999 8,c<)4 14,057 23,413 7,967 37.993 15.417 27,894 8,966 46,087 3,867 S,l54 39 ,80) 23,955 S~3 7,117 1,479 719 332 7,613 1,395 1, n9 5, 754 13,121 1,039 2, 321 2,407 9,315 9,340 8,572 56,511 106,287 43,38 7 233,045 263,081 496,126 253,476 18,260 95,599 27,872.._ 1),<+42 141, 729 28.599 45, 3S8 57,347 f.5,484 391,331 28 136.361 59,235 67,373 54,848 29, ?24 13,980 1,111 9.109 2,528 2,691 2, 328 332 423 333 493 28 79,964 35,230 11,567 34,073 24, 780 38,883 627,100 8,264 1,493 . 2,367 4,595 1,911 2, 792 55,153 452 188 5,914 740 5,115 4,455 20,907 407.3971,293,239 399.,868 480,731219,040 226,242 765,763 189,413 140,416 190,034 143,262 427.030 4,8&2,435 TOTAL c. 591,579 189,760 205,537 150,026 18,846 81,648 185,428 37,848 12,711 927,033 246,454 239,896 31,C06 3,404 11,450 958.039 249.858 311,346 10,529 2., 317 3,249 (In thousands of dollars) RESOURCES Rich. Atlanta. Chicago St. Louis Minn. Kans. Cy. Dallas San Fran.Total • - I . - A""i'-·.· '•·'·~~, ~~ ,,_:l,$,_-p<_llk¥3·1iJ}-r-"~!S_ ¥;-f'-~~.t+-~ ~ 301''5?7f, ;::_1..-_·t?\ .. -,_\&F.q~_Jii)\i(ilii@'4-, ~~~f'_, . (Rale~seo .. - ·f_,p}i9.C" ' 'lii.·-t<~·-;....,.,...·---'""' - St. 3944c for public~tion Frio~ rr.orning, February 22, 1924; n?t earlier. - RESOURCES .AND LIABILITIES OF THE FEDERAL RESERVE 3.ANKS AT CLOSE OF ~iUSINESS, FEBRUARY 20, 1924. I I Federal Reserve Bank of -F.R. notes in actual circulation _F.R.Bank notes in circulation- net DeiJOSits: Member bank - reserve account Governn:ent Other deposits Total ei eposi ts Deferred av~ilability items Ca:pita.l paid in Surplus .All other liabilities TOTAL LIABILITIES R.?..tio of total reserves to deposit ano F. R. note liabilities combined, per cent - L I AB I L I (In thousands of Boston New York Phila. Cleve. 378,417 198,380 221,661 202,506 T I E S dollars) Rich. Atlanta Chicago ·st. Lcuis Minn. Kans.Cy. Dallas San F~n. Total 87,619 130,110 353,643 69,223 ~7.581 64,499 44,477 205,667 2,02},783 410 410 121,429 695,958 114,292 158,338 61,969 56,448 ~7,677 69,815 47,377 73,620 54,253 150,082 1,891,258 5,466 5,715 2,970 4,646 1,~95 3.576 . 5,832 1,899 1,031 2,224 1,445 3,468 39,467 11 t 110 398 1 p 208 150 136 1, .2=.;2::.:0:.....___4.,3..!..74...;...__-'39"-9"--,---4:....;.)~~9~--.t...39.:..:3~-4.;..z!..:;.8.:;.:6l=--___,.:2:::.;0~J..::.8=26 128 127,023 712,783 117,66o 164,192 63,314 60,160 294,729 72,088 48,807 76,293 56,091 158,411 1,951,551 53,209 110,391 53,255 57,679 49,841 21,337 70,470 32,399 11,914 34,544 28,497 38,130 561,666 7,919 29,727 10,127 12,473 5,832 4,453 15,115 5,055 3,487 4,552 4,212 7,910 110,862 7,484 9,496 7,577 15,301 220,915 16,390 59.929 19,927 23,691 11,672 8,950 30,426 10,072 .~3~50~~-1~,9~9_2~~5~19~-~l,~0~35~~~~=2~-~1~,2~3~2~~1~,3cB=0~~5~~~~1,143 650 1,998 1,~1 13,248 407,397 1,293,239 399,868 480,731 219,040 226,242 765,763 189,413 140,416 190,034 143,262 427,030 4,882,435 66.1 85.7 Contingent liability on bills purchased for foreign correspondents 3,884. 1,633 1,969 959 73·9 741 2,508 78.4 825 72.6 606 774 51.0 640 80.0 1,279 81.4 15,818 FEDERAL RESERVE NOTES-OUTSTANDING AND IN ACTUAL CIRCULATION F. R. notes outstaniling F. R. notes :·'· held by banks F. R. notes in actual circulation Bills discounteg Bills bought in open uarket · u. s·. Certificates of inilebtedness 76,907 48,260 257,475 2,555,412 12,4o8 3, 783 51,808 531,629 64,499 44,477 205,667 2,023,783 DISTRIBUTION OF BILLS, U. S, CERTIFICATES OF INDEBTEDNESS AND MUNICIPAL WARRANTS BY WlA'I'URITIES Within 15 days 16 to 30 days 31 to 60 days 61 to 90 deys From 91 days Over 6 months Total to 6 months 46,390 496,126 3,080 319,4 79 64,879 41,515 20,783 103,311 55,786 1,4ol 55.047 31,931 253,476 102 11,010 13,606 271870 3,152 218 '569 _!6,o63 202,506 690,839 234,863 245,737 97,831 144,768 381,277 85,478 312,422 36,483 24,076 10,212 14,658 27,634 16,255 378,417 198,380 221,661 87,619 130,110 353,643 69,223 73,408 5,827 67,581 c. . ,.. l iRdleaseE:l fer \ ,, S t. 39 4"-·h.l. puolication Fri..:ley mornL..;, J:.'ebruary 22, 1924; not earlier. FE::)ERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, FEBRUARY 20, 1924. (In thousands of dollars) Boston FeJeral Raserve Agent at New York Phila. Cleve. Rich. Atlanta Chicago K.:::~.ns.Cy. Dallas St.Louis Minn. San Fran. Total RESOURCES Fe.1e:r.8l Reserve'notes on hW1d 91,900 F<:J:::ral Re.:>erve notes outstandinG21£,569 Colla terc.l security for .B'eJ era1 Resor·re notes ontstand ing: GolJ and goV certificates 35,300 Gold redemption fund 19' 282 118,000 GoB f1mcl - F. R. Board El:gitle paper lci,tOuut required 45,987 5, 720 E--:c 3 ··'" .'l.lTlOu:nt helo TOrr.'AL 282,060 52,200 58 ,C90 690,339 234,863 245,737 38,465 75,982 97,531 144,768 175,280 381,277 27,300 85,478 11,395 73,408 30,153 76,907 953,257 32,412 83,020 43,260 257,475 2,555,412 8 t 780 235,531 l4,ooc 31,618 14,007 12,235 316,000 15 7, 889 132,000 1' 533 60,235 2,400 7' 731 91,000 7,3 77 376,644 11,430 3,8 74 54,000 13,C52 1,100 4L~, 000 4, 724 49 '360 328' 134 7' 691 121,925 2 t 9 28 15 1 466 9,500 207,865 1,666,553 107,690 29,199 35,953 16,41+3 43,637 8,907 16,174 24,325 15,256 22,223 87,534 48,967 7,391 42,722 25,415 2, 7_~§__:!.:'":_._382 25,141 ~~}7_ 34,144 35,195 441,494 275,511 534,758 l,bg2t937 529,317 574,979 250,575 374,425 1,028,112 222,581160,969 196,949 148,569 633,165 6,347,336 L I AB I L I T I E S Net amount of Federcl Reserve notes received from Comptroller of the Currency 310,469 Collateral received from FeJeral Reserve Bank: Gold Eligible paper 172,582 51,707 TOTJIJ.. 972,899 ?87,063 303)82.7 136,296 220,750 556,557 112,778 8Lt,303 107,060 58~,149 185,396 203:015 384,021 87,5:54 58,152 54,084 20,119 223,331 2,116,662 1S,O_l4_:;...:;35_:_,_30-:'5'--·47, 778 69,339 717,005 13o,S89 56,356 68,137 61,878101,131 52,401 52,544 69,304 40,499 534,758 1,692.937 529,317 574,979 250,575 374,425 1,028,112 222,581 16o,969 196,949 143,569 633,165 6,347,336 c. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ,_ _..._..__ __ _______ 30,672 340,495 3,513,669 .. r -·~------·-~ • •
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