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STATEMENT FOR THE PRESS Released, for publication, Sunday morning, February 6 , not e a r lie r. St , 1772 Federal Reserve Board February 5i 1921* CONDI TION OF FEDERAL RESERVE BAMS Moderate gains in gold and cash reserves, accompanied by further liquid ation of earning assets and by continued return to the Reserve Banks of Federal Reserve currency,are indicated in the Federal Reserve Board's con solidated weekly bank: statement^ issued as at close of business on February U, 1921, The banks’ deposit liabilities show a slight increase, while their reserve ratio shows a further rise frovn U9 to U9 .3 P3r cent. Holdings of bills secured by Treasury certificates show a reduction of 1 4 ,S millions, while bills secured by other Government obligations declined by 16 , S millions. Other discounted paper on hand shows an increase of 8,2 millions, acceptances purchased in open market went up 2.8 millions, while Treasury certificate holdings fell off 1 .5 millions. The result 01 these changes is seen in a further reduction of earning assets by 22.1 millions, the total on February 1+ standing at 2,886.7 millions, compared with a peak figure of 3 1^+22 millions reached on October 15 of last/year. Of the total holdings of 1 ,0 17 .2 millions of paper secured by United States Government obligations, 595*5 millions, or 5 S .0 per cent, were secured by Liberty and other United States bonds; 278.7 millions, or 27.*+ per cent, by Victory notes, and 143 millions, or l4 per cent, by Treasury certificates, compared with 607*1, 2SU and 157*7 millions reported the week before. Dis counted bills held by the Boston, Philadelphia and Cleveland Reserve Banks are given inclusive of about 33 millions discounted for the Atlanta, Minne apolis and Dallas Banks, compared with slightly over 4i millions the week before, In addition the above three discounting Banks and the Reserve Bank of San Francisco report among their acceptance holdings 69.9 millions of bank acceptances purchased from the New York Bank, compared with 51*8 mil lions of/^SgieV held by the Boston, Cleveland and San Francisco Banks on the previous Friday, Government deposits are shown l .S millions less than the week before, members’ reserve deposits show an increase of 10.9 millions, other deposits, .composed largely of cashiers' checks and non-members' clearing accounts, increased by 2.2 millions, while the "float" carried by the Reserve Banks and treated as a deduction from immediately available deposits is shown 9*5 millions larger than the week before. In consequence, calculated net de posits show an increase for the week of 1.8 millions. A further reduction for the week of about 15 millions is shown in Federal Reserve note circulation, as against an increase of 40.8 millions during the corresponding week in 1920 , There was also a reduction during the week of about 5 millions in Federal Reserve Bank note circulation, as against a reduction of 1 .8 millions during the corresponding period a year ago, • Gold reserves show a gain for the week of 5«8 millions, and total cash reserves - a gain of 6.2 millions. Since December 3 , 1920 when the most recent upward course of cash reserves started, the Reserve Banks have gained 89.3 millions of gold, besides 38»7 millions of other lawful money. Released fo r p ublication Smdaj morning, February 7 , 1921 ; not e a r lie r . R E S O U R C E S RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE I M S Gold and go Id "certificates Gold settlement fund - F. R. Board Gold with foreign agencies 'Total gold heM by banks Gold with Federal Reserve Agents Gold redemption fund E Total gold reserves legal tender notes, silver, etc. Total reserves Bills discounted (Secured, "ty U.S. Government obligations (All other Bills bouglit in open market Total bills on hand • U. S, Government bonds U. S. Victory notes • ' U» S. Certificates of indebtedness Total earning assets COMBINED. * lqo 7tn ~ ^ ry k' 1921 , ^ jg&uary 28, 1921 482 IQ?’ 000 $ 1 9 9 ,^ 9 ,0 0 0 fSoo no ^ 1 , 523,000 6S525£"ooo ^ c b ) ° 0 ' 000 1 27U* 7 U7 >non R l o S 'o S 1,286,1*50,000 - 151, ,5°. 000 _ J 5 2 ^ 000 ?lU’ i to $2,106,137,000 lTV b l S ’ nnn .. 213.S37.QOO 1,017,152,000 * * ’ ’ 1 oUg 76* ono 2>315>9 ^ , 000 1 ,^ 1 5 ,92l! 000 i h n y ’ J n f '^ n 167 SIS 000 1,^07,707,000 '-2 6co gol nnn — l6 5 ,058,000 ’ pR’ gkq’ nnn 2,621,533,000 lQOOO 25,8^9,000 2p>q 070*000 19,000 2~886' 7 ?Q' OOO _ 26l, U52 ,000 St.1772a. Feb. 6,1920 $205,393,000 ^ , 160,000 -1 ^ .3 2 1 .0 0 0 753)^7^,000 1,116 U27 000 _ l . a , 2 gj,000 1,991,560,000 63. 0q6.000 2,05*+, 656 ,000 1, ^51,557,000 751,9^2,000 _5 5 k .7 5 0 .0 0 O 2,758,289,000 26,776,000 63,000 _._276, 06U, 000 Bank premises > ^ 4 8 2W 000 2’ 90S’ S53’ 000 3 -o 6 l>192’ 000 Uncollected items and other deductions from gross deposits 59)’ 98o’ ooo 18 , 228,000 10 , 586,000 5$> Redemption fund against F. R. Banknotes 12’ s6s’ oOO 59^,600,000 896,971,000 All other resources 7 10R 000 12,7^6,000 12,232,000 TOTAL RESOURCES 5, 8U9 053 000 -°°° -- StP^OOQ L I A B I L I T I E S 1 5,861,231,000 6,0U0,685,000 Capital paid-in 100,228,000 , , Surplus m 202,’ 036'000 100,147,000 89, 119,000 Government deposits 50,373,000 202,036,000 120,120,000 Due to members - Reserve account 1 , 7^ 2! 762*000 , 52,138,000 lJ2 ,UU6,000 Deferred availability items ^ 2 3 ,653<^ O C ^ 1,731,823,000 1 , 86o, U-38, 000 Other deposits, including foreign government credits 26, 2l« >000 I 654,735,000 Total gross deposits --- „ , / --izt-PSzj.000 95.876.000 F. R* notes in actual circulation 7 2,237,321,000 2,662,^95,000 F. R* Bank notes in circulation - net liability 3,090, 7*fS, 000 2,291,775,000 202,169,000 2^8,780,000 All other liabilities ^ Z ’ 21^ 000 jO , 818,000 28.310.000 28*. 3961 000 TOTAL LIABILITIES Ratio of total reserves to net deposit and F. R. note ’ \ 5,861,231,000 6 , 0H0 , 685 , 000 liabilities combined ho ) <f Ratio of gold reserves to F .R . notes in circulation after *+9 .0/6 kk.lfo setting aside 35 $ against net deposit liabilities q£ ^ 5b.5> 4 5 .7 % Released for publication Sunday morning, February 6 , 1921; not earlier. st.1772b RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS AT CLOSE OF :'LTSINESS FEBRUARY 4 , 1921. In thousands of dollars) R E S O U R C E S Federal Reserve Bank of B ost on Y ork Chicago St .Louis Minn. Kans,Cy Dallas San Fran. Total Phila. Clevel. Richm. New Atlanta Gold and gold certificates 4,212 2,193 5,114 99,063 6,644 24,000 8,865 10,793 6,121 12 ,255 4,527 3,357 199,750 Gold settlement fund - F. R^ Board 46,110 47, 6ll 99,425 30,342 10,250 44,562 93,551 2m,110 10,259 26,523 5,370 43 ,479 422,192 Gold with foreign agencies ____________ 241 1 . 2 1 1 264 270 _____ 162 86 112 . 152 155 1 5 s 3,300 m . 57,144 147,885 49,54m- 102,0m- 29,386 17,022 123,212 35,024 1 9 , 8u Total gold held by banks 30,032 11,577 bl I M S 625,242 Gold with F. R. Agents 155,769 206,969 132,275 122,043 55,728 61,713 210,829 53,088 24,781 36,723 12,294 130 , 4751, 274,747 Gold redemption fund 24,324 4i ,000 8,184 9,642 6 ,4o4 7.181 22,695 3->4.15 3,860 4 ,660 ■...9x13 6 .... 8 J 9 7 ... 151,952 Total gold reserves 395,834 196,103 293,699 91,518 25,916 157,342 93,527 48,445 71,481 39,607 201 ,152 2, 111,947 237,297 ______ Legal tender notes, silver, etc. 11,427 154,492 6,541 Jo4l6___ 2,727 2,204 5,426 1a . 4,515 14,869 214.120 6,071 3&L Total reserves 242,724 550,352 198,539 296,426 98,059 90,431 372,211 99.598 49,412 74,225 45,093 202,997 2, 326,127 B ills discounted: (a) Secured by U *S.Govt -obligations 52,80b 424,726 102,042 52,497 142,239 56,224 126,280 38,347 17,923 38,351 16,318 36,799 1,017,152 All other 09,342 520,290 37,977 64,421 59,327 70,831 243,955 58,723 60,970 72,211 53,290 103,924 1,415,921 Bills bought In open market (b) 19,752 9,881 21,650 57,839 4,274 2,760 12,020 334 21 1.148 _____ 2L _ 2L M 2_ 167,212 Total bills on hand 141,900 954,897 167,669 174,757 113,100 129,215 322,255 97,404 78,914 111,710 70,305 172, lb5 2 , 600,291 U* S* Government bonds 550 1,257 1,434 234 1,233 ll4 4,490 116 8,867 1,822 25,249 1,153 3,979 U. S* Victory notes 5 10 3 1 19 U, S. Certificates of indebtedness 21,439 ..... 59,277 . 30,515 .23,200 12,262 16,665 39,637 15,293 12,820 8,480 8.300 10.882 259x310 Total earning assets 163,294 1,01^,431 199,612 199,401 126,595 146,597 426,382 114,450 87,510 133,398 22,524 190,259 2, 826,729 Bank premises 500 1,542 541 542 2,969 >,237 1,222 1,720 12,244 1,397 590 2,535 329 Uncollected items and other de 38,814 ductions from gross deposits 132,763 51,134 66,896 42,213 25,446 72,439 29,770 14,814 43,259 34,903 3 ^ 5 2 9 59^,980 Redemption fund against F* R* 1,072 Bank notes 1,300 699 2,667 601 916 526 1,239 525 12,262 2,075 523 665 2.184 492 298 206 All other resources 422 _928_ 111 292 292 2 11 JlL-L L l ?5 TOTAL RESOURCES 455,965 1,707,634 451,329 565,710 275,381 263,947 276,520 245,365 152,962 '253,438 .165,778 43)*,904 5 , 84^,053 (a) Includes bills discounted for other F. R, Banks, viz: (b) Includes bankers1 acceptances bought from other F*R*Banks: Without their endorsement x 3,990 2,122 26,810 7,368 6,223 4e,093 7 32,922 15,654 -69,932 Released for p ublication Sunday morning, February 6 . 19 2 1 - not e a r l i ^ RESOURCES AMD LIABILITIES OF THE W l RESER^ * * * , AT CK)SE op Federal Reserve Bank Capital paid-in Surplus Government deposits Due to members - reserve account Deferred availability items Other deposits including foreign government credits Total gross deposits F. R . notes in actual circulation F. R, Bank notes in circulation net liability All other liabilities TOTAL LIABILITIES (In thousands of dollars) L I A B I L I T I E S Bcsta 7.S3S 15,711 2,654 112,120 32, ?o‘» C1^ J'?o? ^ 10' 561 37,233 2S' 9 ® 8’ 31*3 ^ 50 1S> 3 3U6' so ,070 ore ^ 1.123 is , 16s 3 8 ,1 56.4 Contingent liability as endorser on discounted paper rediscounted with other Federal Reserve Banks n ,.Usn M E M O R A N D A 66,6 49.0 43.0 51-5 51^ *+1.4 4o.9 2,000 280 276 15^5 4o.o 17 , 5*+0 ,938 8,099 - 1,280 923 42f I T 1,3 12 Jgk 1 , 904 576 l z T ^ 3o)(’ o ^ 15f»I 53 ^ 7 8 2 318 165,778 ^3\ 9oU 5, 249,053 3~ t 13, kk2 l, 16s 373 50,501 112, U03 1,7^2,762 23,776 29, 272 ^ 2 3 ,6 ^ , JL.5 1 7 . Contingent liability on bills purchased for foreign correspondents Total 100, 228 __ 202,036 11% / ,5,52k 26.2 796*^92 25^’ 979 312’ i l l 15<J’ U5U 170*366 50l’ s77 ip S’M ^ 7 6 ,2 9 6 ^ ,3 2 2 2 ,2 ^ 0 1i_±-/ 1 ,yi? 150,454 170,366 501,877 124,601 72,92k 102,25*+ 71,369 253,532 3,075/750 35, 210 10. 26^731 _ IY w C j. ,Da U a ?_ _S « t a n 4, ^56 ^,131 6,986 9,159 6,033 1^,19^ 3,566 1,701 XI89 >> Ratio of total reserves to net deposit and F.R. note liabilities combined, per cent 66.5 F. R. notes outstanding F. R. notes held by banks F, R« notes in actual circulation ’ Hicta^Atlanta^hicago St.Louls K t o . * » . t77» / iM 5 l 3S.7U6 ? I I 1*3,690 __ llLQiK). Bankers* acceptances sold to other F. R. Banks without endorsement S t . 177 2c . , 752 U32 ^ AC,TUAL CIRCULATION 55^, S2U 1U3,1^3 768 7^,672 109.650 4i 6 55*9 1+9,3 - 32,382 - 6-9,938 736 is, 227 75,308 300,799 3 ,U00.093 -J L 939 ^7,267 32U.3U3 71,369 2^3,532 3 , 075,750 Bills discounted Bills bought in open market U. S. Certificates of indebtedness Within 15 days 16 to 30 days 23S, 301 38, 2^9 2,000 1,456, U76 56,559 5,823 i 31 to 60 days ^ 7 ,3 9 2 56, 233 9,955 ol to 90 days 283 , 855 ' 16,777 11,511 Over 90 days ^ 7 ,0 ^ 9 230,681 Total 2 , 433,073 167,818 259,970 released for publication Sunday morning, February 6, mot earlier. St* 17721 FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS FEBRUARY'<+, I 92 I (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 redemption fund Gold settlement fund-F.R*Board Eligiole paper: Amount required Excess amount held Boston 119,420 280,276 5,600 15,169 Hew York Phila. Clevel. Richm,► Atlanta Chicago St .Louis 26s , 000 22,240 49,840 25,029 76,050 270,122 923,423 336,3^1 156,753 17^,782 169,608 23,775 11,3 6 1 12,836 1 8 ,2bS 2b ,000 125.3S9 140,000 • 3,500 3,213 Minn. Kans.Cy. Dallas San Fran 145,240 25,680 554,824 1 *+3,1^+3 1 3 , ^Uo 16,825 5,310 7^,672 109,650 5,960 13,052 55,000 .13,625 197,144 2,397 44,731 1,529 716,454 131,247 154,.29S 101,025 113,069 20S, 20S 26 , 21 h 19,854 10,624 15.704 343,995 33,170 90,055 2,728 53,000 10,200 2,423 34,360 49,891 27,530 72,867 32,56l 48,300 75,308 300,799 5,291 5 ,i 6s Total 815,434 3,^+00,093 227,386 14,585 7,235 115,890 103,412 9^3,9^+9 57,014 170,324 6,306 12,789 2,125,346 ' 428,655 697,425 2,323,05^ 522 , 69S 742,376 349,159 441, 31 S 1 ,293,053 319 , 2bS 190 ,314 263,171 180 , 230 656,204 8,044,275 Net amount of Federal Reserve notes received from Comp troller of the Currency 399,756 1,191,423 292,362 386,181 121,782 250,832 Collateral received from Federal Reserve Bank: Gold Eligible paper 155,769 l 4 i .900 TOTAL 135,000 124,507 U ^S U L 7,302 L I A B I L I T I E S TOTAL 697,425 700,064 l 6S ,823 88,112 114,960 92,133 349,099 k, 215,527 210, S29 53,088 382,165 .97,357 24,781 36,723 77,^21 111,428 18,294 130,475 69.803 176,630 1 , 274,747 2,554,001 2,323,05*+ 588,692 742,376 3 ^ ,1 5 9 441,318 1 ,293,053 319,268 190,314 263,171 180,230 656 , 204 8,044,275 206,969 1 3 S ,275 182,043 55,728 61,713 924,662 158 .06l 174.152 111,649 128,773. C O N F I D E N T II L Not for publication St. 177 9 • ACCEPTANCES ITELD BY EJSCR SFDERAL RESERVE BAN" ON THE LA^T THUSSDfflT IF TF C m W R t 1920 DISTRIBUTED BY CLASSES OF ENDORSERS, ALSO ACCOUNT OF SUCK ACCEPTANCES PURCHASED ______________ _ _ _______ _______ FR01'.l ACCEPTORS AND AMOUNT ENDORSED BY MORE THAN ONE BANK OR BANKER. Acceptances Acceptances endorsed Acceptances bearing Acceptances endorsed Acceptances Total endorsement of by more than one by one or more banks not endorsed acceptances bought from Federal bank or banker (other Reserve one or more other than member on the by any bank hand acceptor member banks* Bank or banker than the acceptor) banks $ 2 , 596,308 Boston $ iU , 6 2 0 , 0 5 s $ 1 9 ,5 3 2 ,1 1 7 $ 315,179 $ 2 ,3 1 5 ,7 5 1 — 6 ,6 2 l ,3 o U New York 5 0 ,6 7 0 ,2 1 0 59. 23l .U 6 l 109, 9 0 2 . 2 7 1 5 1 6 , Uoo Philadelphia 5 0 ,0 0 0 1 2 .s U 3 .3 s 7 12. 893,3 87 9 ,S 2 1 ,U 2 9 Cleveland $ 2 5 0 ,0 0 0 2 .1 3 0 .U 2 0 16, 208, 721 551,028 2 6 ,5 8 1 .1 7 8 — U ,U 7 5 .8 7 U U .U 75. S 7U Richmond -. 5 , 2 5 2 , 07U 776 , 200 3* U 9 1 ,U 3 1 Atlanta 3 , 1+9i , U 3 l 3 .U 91.U 31 i 5 .0 U 0 .5 2 U Chicago 25, 9 6 1 ,5 6 6 8 , 1U7, 627 9U 9 ,S 0 7 2, 773, U15 l , l U 6 , 116 635,698 5 1 0 , U l8 St* Louis i , U i 3 . 33i Minneapolis 1 , ^ 13,331 1 0 ,5 0 0 2 ,0 0 6 ,6 9 0 Kansas City 2 , 017,190 — 2 U 6 ,673 Balias 1 7 5 ,0 0 0 7 1 ,6 7 3 71,6 7 3 2 6 ,1 0 5 ,0 0 1 2 1 ,1 6 1 ,2 6 7 U 7 ,2 6 b , 268 San Francisco U ,U 83,673 Total Dec, 30 2 5 5 ,7 0 3 ,6 0 2 100, 958,092 1 6 .3 U 9 .6 0 7 8, 2 8 8 ,978 138, 395,903 1 5 .0 1 6 , 783 1 U 2 .U 1 3 .1 7 U 1 5 .U 0 6 .3 9 U " Nov * 26 2 U 7 .7 0 2 , 8U5 2 1 ,89U.691 89, 883,277 8, 177.313 1 2 1 ,7 0 8 , U ll ” Oct, 29 153 , 751,825 22. 9lU, 961 8 ,6 3 6 ,2 8 8 2 5 , 236, 823 298, 375,197 1 7 8 , U68, 888 " July 30 1 U 5 ,5 5 7 ,7 0 0 37,796,581 21, 279,363 3 U 5 .3 0 5 .9 5 1 9,951,757 1S9,UU3,126 3O.9il.2U9 1 8 6 , 8 9 2 , 0U0 ” Apr , 30 19, 795, 0 U 9 U 0 7 ,2 U 6 , U15 U 2 .3 U U .3 U 6 2 U U .3 8 2 .U 1 9 289, 79^,326 ff Jan • 30 27.138,310 57, 602,085 5 6 1 ,3 1 5 ,0 5 5 2 2 ,6 7 6 ,3 3 7 ♦Includes acceptances endorsed "by both member and non-member banks or bankers. NOTE: Acceptances bearing endorsement of acceptor only are classed as "Acceptances not endorsed by any bank or Bankern. FEDERAL RESERVE BOARD, DIVISION OF REPORTS AND STATISTICS, FEBRUARY 7, 1921. C O N F I D E N T I A L Not for publication MAXIMUM, MINIMUM AND AVERAGE AMOUNT OE "FLOAT" CARRIED BY EACH FEDERAL RESERVE BANK FOR THE WEEK ENDING DEC. 31, 1920 ■ (Based, on average daily figures) St. 1776 "Float" after deducting National and F. R. Bank Average amount notes also net investments in transfers of uncollected Average Amount after items credited Ratio to Ratio to deducting F-R. Ratio to to U. S. immediately immediately notes of other immediately Treasurer’ s Anount available cunt available F.R. Banks and available General deposits deposits unassorted Account deposits currency Per cent Per cent Per cent 14,398 6,147 12-3 13,693 11-7 672 5-3 " F L O A T" -Amount Federal Reserve Bank Boston Deferred Uncollected aval lability items items Maxiimam Minimum 5 6 ,51S 42,120 l6,i44 9 , 06s 1 3 5 ,^ 1 93,323 ^7,672 29, 7^2 42,118 5-9 42,118 5-9 30,328 Philadelphia 64, 520 49,910 17,592 9,^92 i4,6io 13 .4 l4 , 490 13.3 7,379 6 .S — Cleveland 70,022 55,383 19,076 10,730 i4 , 634 9.8 12,339 8.3 7,968 5-3 — Richnond 5 S ,927 42,229 20,494 11,5 15 16,698 29.1 16,617 29-0 12,074 21.0 167 Atlanta 30,9^5 18,881 14,344 9,766 12,064 23-7 n ,3 9 2 22.4 3,355 6.6 115 Chi cago 90, 63s 5^,917 44 ,939 26,769 35,721 i4 .s 23,7^9 9.8 18,415 7.6 S t . Loui s 38,61+3 33,021 7,392 3,072 5,622 8.3 5,205 7 >6 1,726 2.5 Minneapolis 20,896 15,950 6 ,2 11 4,067 4,946 10.9 4,210 9-3 3,329 7 .3 _. Kansas City 55, ^10 45,010 16,59S 6,212 10,400 13 -l 10,155 12.8 5.99S 7 .6 877 Dallas 4o, 566 29,3^2 l^, 727 S, 281 1 1 , 218 23-3 6,560 13.6 3,^76 7-2 1,312 San Francisco ^3,707 31,078 14,389 11,127 12,629 10.6 12,277 10.3 6,107 5-1 26 511,175 2i 4 ,276 149,105 195,05S 10.9 172 , 805 9-6 106,362 5-9 3,23^ New York TOTAL 706 ,233 FEDERAL RESERVE BOARD, DIVISION OF REPORTS AND STATISTICS, FEBRUARY 7 , 1921. — 65 i • C 0 F F I D E F T I A L Hot for public at ion Feder al Reserve Bank Boston New York Transit items ' ^ 3,603 c, u*— *t, 7 ^a » T-~r-^ COMPOSITION OF UNCOLLECTED ITEM! and DEFERRED AV,.ILABILI1 FOR THE "EEK ElffilHG DECEMBER 31, 1920. (Based on average daily figures) (In thousands of dollars) DEFERRED AVAILABILITY i-ji*TS UfT C O L L E C T E D I TEM S 1 !1 1 National Bank: 1 Transfers| Government 1| Other Clearing Checks and Transfers notes ani bank F-R-notes lUhasscrted sold I Total transit | transit other cash bought Total House notes of other of other j currencjr 1i i terns 1 items items F.R.Banks ! 1 F. E. Banks Exchanges 42, 120 42,120 4,449 56, 51 s 623 705 6,923 215 135*441 467 92,356 - 93,323 7,066 64, 520 2 , 928 46,925 57 49, 910 1,016 3,355 70,022 707 54,631 - 55,388 SI 3 4 ,540 52,927 1,918 40,311 - 42,229 672 l, 211 6,826 30,945 1 ,123 17,753 - IS, 381 1,907 5,327 7 90, 63s 1 ,544 53,373 - 54,917 - 417 610 2,869 38,643 501 32,520 - 33,021 482 568 16 s 312 569 20,896 791 15,159 - 15,950 443 199 - 245 371 3,726 55,410 - 45,010 - 45,010 31,843 4 IS 563 4,436 222 937 2,147 4o, 566 - 29,348 - 29,343 32,529 3,469 1,186 353 3.35S 2, 812 43,707 1/413 29,664 554,750 45 ,544 1 7 ,1S5 5,641 25,543 4o, 900 11,392 499,725 103,^22 9,762 10,527 Philadelphia 47,665 6,923 2,644 Cleveland 54,560 3,772 24 Richmond 51,476 2,666 161 Atlanta 20, 775 1,390 71 Chicago 66,313 5,526 993 S t . Louis 34,123 504 120 Minneapo lis 17,575 1,222 Kansas City 50,366 Dallas San Francisco TOTAL FEDERAL RESERVE BOARD, DIVISION OF REPORTS Al® STATISTICS, FEBRUARY 7, 1921. 11,730 * - - 177 45 1,601 694 ~ - 10,065 16,670 706,233 ! 31,07S 58 511,175 C O N F I D E N T I A L DEFICIENCIES IN RESERVES OF MEMBER BANKS FOR MONTH OF DEC * 1920 . Not for publication NUMBER OF BANKS PENALIZED Federal Reserve Bank In F.R Bank In Country and other Banks Total Branch Reserve cities cities Boston 2 * AVERAGE d a il y DEFICIENCIES NUMBER OF BANKS ASSESSED 1 ON WHICH PENALTIES *ERE CHARGED PENALTIES IN EXCESS OF MAXIMUM RATE < ASSESSED MINIMUM RATE ' ! 11 ! ! | Member In F-B [Banks [Banks t 1 Banks in Bank In other i ' 1in F.R Banks ! in F-R Banks Country Total in District and !Country Bank Reserve ICountry Total 1 in ! Bank other Banks Dec * 15 Branch cities 1 Banks and other ] Banks and Branch Reserve Branch Reserve 1i cities 1 ! 1 1 cities cities c ities cities (Thousand of dollars) P 6f r c e n t * O * 436 6 * 253 259 > 9 53 55 73 94 7 so 77 ss 69s New York 16 Philadelphia 11 Cleveland 11 6 112 129 S71 Richmond 10 12 267 2S9 Atlanta, 21 7 150 Chicago 11 2k St* Louis 25 * 5 St *17 70- - - - O J * 24 29 £-1/2 - ~ 12 12 S 611 - - - - 172 46o 10 74 333 362 1,^17 - - 171 196 571 - * 5 4 Q 9 215 50 340 605 13 152 ♦ 3^2 40U s 19 173 61 709 943 8 s s 210 228 2 , 4l0 2 , S4g 88 l4 i4 35 269 71 5U9 289 - - 9 0 J Q > 3U0 735 1,992 3,067 - - s E l44 * 776 920 20 21 31 i,4o i 1,^53 525 321 1,17^ 2, 0 S0 S3 263 1,^72 1,218 * * Minneapolis u 2 31 U 320 1,000 4 2 301 307 17 16-1/2 Kansas City 17 20 300 337 1,088 17 19 283 319 13 13-1/2 13-1/2 9 9 328 346 s4s 2 5 io4 1 11 15 21 5 90 301 2,421 2 , 650 2 048 i]b6i . 329 Dallas San Francisco Total Dec * ,f Nov. ,f July tf Jan. 8 _ 12 58 s 16-172 16 29 304 1,306 989 13 S>, W 2 12,407 16,622 1,833 120 92 Uo 54 922 2,254 16-1/2 13,059 12 . *■ , 027 9,57^ 172 l4 bl4 32 3§ b 9,^23 29 10,5.65 16 , 662 1,79^ 2> ^ 9,089 7 643 13,212 2 2 69 8 18 UI8 1,692 171 , 288 l3 1 287 73 FEDERAL RESERVE BOARD NOTE: Figures for country banks are for the calendar month, and for Central Reserve and DIVISION OF REPORTS AND STATISTICS Reserve City banks for four or five weekly periods, except that figures for all banks in the FEBRUARY 8 , 1921. Dallas and San Francisco districts are for four and five-week periods, respectively* ♦Federal Reserve Bank and Branch cities are the oitly reserve cities in the district* 15S 2,729 2,922 . ?32 9, 612 30 33 79 277 909 5^7 27 953 13-1/2 52
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