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STAT11v1ENT FOR THE PRESS
St, 3348.
Federal Reserve Board,
February S, 1923.
Released for publication
Friday morning, Feb. 9;
not earlier.
CONDITION OF EEDERAL RESERVE EAliflffi
Net liquidation of $27,900,000 of discounted bills and of $3,600,000 of
acceptances purchased in open market, accompanied by a reduction of $26,600,000
in deposit liabilities and an increase of $14,100,000 in Federal reserve note
circulation, is shown in the Federal Reserve Board's weekly bank statement
issued as at close of business on February 7, 1923. Cash reserves show a de•
cline for the week of $7,800,000, though gold holdings increased slightly. Nonreserve cash on hand, shows a gain of $13,300,000, The reserve ratio shows a
rise from 76.9 to 77 per cent.
Mainly in consequence of considerable shifting of gold th~ough the Gold
Settlement fund the New York reserve bank shows an increase in its gold reserves
of $58,800,000. Atlanta shows an increase for the week in its gold reserves of
$2,500,000. All the other reserve banks report smaller gold reserves than the
week before, the largest decreases, by $20,900,000 and $11,5QO,OOO respectively,
being shown for the Cleveland and Chicago banks,
Holdings of paper secured by Government obligations declined during the
week from $377,500,000 to $344,600,000. Of the total held on . February 7,
$165,200,000, or 47,9 per cent, were secured by United States bonds, $l,SOO,OOO,
or 0. 5 per cent, by Vic·tory notes, $144,4oo,ooo, or 41.9 per cent, by TreaslJ.ry
notes and $33,200,000, br 9,7 per cent, by Treasury certificates, compared with
$163,800,000, $4,300,000, $l5l,SOO,OOO and $57,600,000 reported the week before.
A summary of changes in the principal assets and liabilities of the reserve
banks on February 7, 1921 as compared with a week and a yeur ago, follows:
Total reserves • . , • , , , '
GOld reserves , ,
• .
.. .
. . . ...
'
Increase
or
Decrease
In millions of dollars
since
Feb. 8, 1922
Jan, 3la 1923
+ 156.7
7.8
+
154.7
+
.3
• •
To tal earning assets , , . • .
. . . , •
Discounted bills, total • , • , • • • . •
Secured by U, S, Government obligations,
Other bills discounted • • •
• • . ,
• , , •.
Purchased bills • • . . ,
United States securities, total ••• ,
Bonds and note s • • .• • , , • , , • •
U, S, Certificates of indebtedness
...
...
...
Total deposits • • • •
• •••••
Members' reserve deposits • • , . • , •
Government deposits • • • , • . , • , ,
Other deposits , , • , • , • • • • , ,
..
,
,
,
,
•
,
,
,
Federal Reserve notes in circulation • • , •
F. R, Bank notes in circulation, net liability
152.6
254.2
32.1
- 27.9
32.8
+ 4.9
3.6
.6
+
3.1
17.3
2)6. 9
+
+
+
3.7
.. 26.6
7. 9
45.2
+
+
106,0
190.9
+
51.6
80,2
10,9
7.8
+ 14.l
+
.2
90.7
11,0
56.2
77,6
7.3
I
~..
~
,
Released for publication Frid~ morning; Feb. 9, 1923; not earlier.
RES~JRCES
St.3348a.
ruiD LIABILITIES
OF THE TWELVE FEDERAL
ID~SERVE
BAL-r.tCS COMBINED.
(In thousands of dollars)
RESOURCES
Fcilb. 7, 1<:3~
307 ,567
G·oli and gold cert ificatas . . . . .
569,278
Gold settlement fui1d - F. R. Board • .
876,845
Total gold held b_x_banks •
. . 2,139,375
Gold with Federal Reserve Agants • •
59,356
.
. •
Gold redemption fund , , .
3,076,076
Total gold reserves
143,288
Reserves other than gold .
. 3,219,364
Total reserves
671770
Non-reserve cash • . . •
Bills discounted:
344,646
Sec. by U.S. Government obligations • .
. •
224,663
Other bills discounted . • . . . .
. _184,945
Bills bought in open market • • . •
754,254
Total bills on hand . • . • • . •
166,036
U. S, bonds and notes
•.•
u. s. Certificates of indebtedness • . . • 137,033
Municipal warrants . . . · • • .
. • . •
Total earriing asseti!_ • • , • • • . • ·1,107,378
.......
..
...
Bank premises
•. ·• . • . . . • . • • . •
Redemption fund against
F. R. Bank notes • • . • • • . • .
Uncollected items • • • • , .•
All other resources • . . . • •
TOTAL RESOURCES .
5%
Jan. 31, 1923 Feb. 3, 1922 .
382,418
29 2 •664
561,403
514,110
854,067
396,528
2,174,677
1,942,725
82.~
47,066
2,9 21 J 352
3,075,610
141,271
151.331'-z,'Y
3, 227 ,1 ~ 3 .,_ 3,062, 629
54,o/- (,3
*
46,640
•
377,4£2
219,769
1831566
785,617
162,952
190,733
361,906
461,553
94,255
917,714
109,919
232i 189 .
__192.
1,139,552
46,471
1,260,015
36,496
530,431
15.180
5t013 ,540
311
8.029
450,841
14.769
4,832, 779
107, 7C?3
218,369
103,233
215,398
t I AB I L I T I E S
. .. . . . . . 107,810
.
.
213,369
.
.
.
.
...
. . .. .. . .. . 35,131
.. ..
1,905, 530
23,780
. ..... .
1,964,441
. .. . .
. . • 2,217,817
. . . . .. .. .. . . . ..
3;309
459 255
. . . . . . . 10 •. 634.
4,931,635
TOTAL LIABILITIES • . .. . . . .
Capital paid in
Surplus
•
•
Deposits:
.• .
Governmont
Member bank - reserve account
.
.
Other deposits
!otal deEosit s ' •
•
F. R. notes in actual circulation
F. R. Bank notes in circulation ..
net liability
Deferred availability items
All oth.er liabilities
J
Ratio of total reserves to deposit and
F. R. note liabilities combined
..
11·0%
*Not shown separately prior to January 1923.
46,014 ' /
1,913, 4.1+6- J
}1.6ee-.)1S3
1,991,062
2,203,701
3.105
479,551
10.,049
5,013,540
76.9%
112,717
1 J 714,668
31.1ll
1,858,496
2, 166,179
83,507
388,650
- 17.316
4,832,779
76.1%
Released for publication Friday morning, February 9, 1923; not earlier.
St.3348b.
RESOURCES .AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF 13USINESS, FEBRUARY 7, 192}.
(In thousands of dollars)
RESOURCES
Federal Reserve Bank of
Gold and gold certificates
Gold settlement fund - F. R. Board
Total p;old held by banks
Gold with F. R. .Agents
Gold redemption fund
Total ;:;old reserves
Reserves other than gold
Total reserves
Non-reserve cash
Bills discounted:
Secured by U. S. Govt. obligations
Other bills discounted
Bills bought in OJ.' en market
Boston New York
Phila.
17,124 146,336 21,267
39,410 224,594 22,746
56,534 370,930 44,013
159,951 635,202155,256
7.971
8,998 9,211
224,456 1,015,130 208,480
10,048
26,139 12,937
234,5041,041,269 221,417
10,676
10,001 2,781
Rich.
Atlanta
Chicago St.Louis
147120 6,454 5,587 52,135 3,011
76•931 27,490 21,765 35,692 11,772
91,051 33~944 27,352 87,377 14,783
196~919 68,487 108,593 412,924 80,154
2,660 3,101 1,790 12,919 2,105
290,630 ID5,532 137,735 513,720 97,042
12,042 12,211 9,626 25,330 18,131
302,672117,143147,361539,050115,223
4,204 3~347 8,727 7,885 3,795
Minn. Kans.Cy. Dallas San Fran.
7,726 2,851
24,511 35,431
32,237 38,332
47,392 58,715
1,832 3,079
81,461 100,126
536 5,015
82,297105,141
2,230 4t286
11,190
12,979
24,169
14,687
1,306
40,162
5,308
45,470
4,783
Total
19,716 307,567
35.907 569,278
55,623 876,845
201,095 2,139.375
4,834
59,856
261,6o2 3,076,076
5,615 143,288
267,217 3,219,364
5,055
67,770
13,724 15,981 2,387 22,012 7,633 1,490 3,324 1,312 16,430
11,125 23,048 16,477 33,6o7 5,324 17,384 14,750 14,129 21,205
466 6,562 13,863 13,657
1,982
35 21,074 26,382
32,301
57,150 39,495 25,426 69,482 26,619 21,356 18,159
64,067
12,291 1,341 1,276 8,682 18,072 10,402 26,930
27,616
530 11,593
23,998
4,531 66,256 10,306
7,126
344,646
224,663
134,945
754,254
166,086
187,038
Total bills on hand
U. S. bonds and notes
U. S. Certificates of indebtedness
27,350
26 ~ 783
11+, 535
68,713
5,968
22,144
193,109
27,924
27,410
248,443
25,509
26,797
Total earning assets
Bank premises
96,830
4,434
300,749 107,922 93,439 40,836 31,233 144,420 55,497 32,288 56,682 48,673 98,309 1.107,378
10,515
660 7,522 2,617
2,091 8,328
919 1,017 4,736 1,937 1,864
46,640
5%
Redemption fund against
F. R. Bank notes
Uncollected items
All other resources
TOTAL RESOURCES
•
39,839
12,407
26)578
78,824
24,470
4,628
Cleve.
•
65
I
200
46
311
44,974 108,509 46,012 54,118 49,635 21,965 63,452 32,633 12,256/34,659 22,428 33,713 524,3-5\
4_5_5_____1~,_84_6____5~4~7--~9_4_8____4~38__~~31~7___1~,2__1_6__~5_o6___1~·~76_t_~___s_6~3___
1~,9~3_4__4~·~9~37~--~15,8lt
391,873 1,472,889 379.339 462,903 214,616 211,694 764,416 208,573 131,849 206,567 125,271 411,645 4,981,635
t~
~
RESOURCES AND LIABILITIES OF THE :FEDERAL RESERVE BAtt\:S AT CLOSE OF BUSINESS FEBRUARY 7, 1923~
,
LIABILI!'IES
oc
r~.
r
r
~
St.3348c
Released for publication Friday morning, February 9, 1923; not earlier.
Federal Reserve Bank
Capitalpaid in
Surplus
DeJ?OSi ts:
Goverrrnent
Mamber bank ~. reserve account
Other deposits
(In thousanr'l.s
Boston New York Phila. Cleve.
8,154
28,749 9,332 11,711
16,312
59,800 18,749 23,495
of dollars)
.
Total
Rich. Atlanta Chicago St.Louis Ivlinn.o Kans-. Cy. Dallas San Fran.o
l07,810
5,6ll 4,380 14,902 4,837 3,580 4,614 4,187 7,753
11,2gg 8;942 30,398 9.665 7,473 9,488
7,496 15,263 218;369
3.691
124,649
730
2,552 2,017 2,178 1,}26 1;891
35,13i
72,742 48;525 82;072 54.o78 i39;798 i,905j530
664 1,422 2,174
434 3,~8}
2);780
Total deposits
129.076
F. B. notes in aetual circulation 197;381
F. R. Ba.nlc notes in circulation . ,_
net liability
4o,6o6
Deferred availability items
344
All other liabilities
743,923 114,389 155,285 6~-+,683 59,795 281,430 75,958 51;964 86,424 55;838 145,676 i;964,44i
554,344 196~947 227,249 89,536 118.668 383 ;252 85,909 56,077 66,580 32,617 209,257 2,217,817
..
340
2,172
797
...
83,873 3.9~368 44,369 43.035 19,298 53,028 31,526 11,866 36,833 22,765 3?.~88
2,200
554
794
· 463
611 1;o66
678
889
456 1,571 l,oo8
3;3b9
459,255
io;634
391,873 1,472,889 379,339 462,903 2i4;6i6 211,694 764,416 208,573 131,849 206,567 125j271 411.645 4.981;635
Ratio of total reserves to deposit
and F. R. note liabilities
81.1
71.2
51.4
77.0
7L.l
76.2
79.1
75.3
combined, per cent
71,.8
TOTAL LIABILIT!ES
Contingent liability on bills
purchased for foreign
correspondents
2,328
11.712
2,551
FEDERAL
212,938
F. R. notes outstanding
15,557
F. Ro· notes held by banks
F. R. notes in actual circulation 197.381
2,615
1;562
RESERVE IDTES
1,148
3 '795
1;499
861
1,531
•
31,898
OUTSTANDING AND IN ACTUAL CIRCULATION
DISTRIBUTION OF BILLS, AND U. S. CERTIFICATES JF INDEBTEDNESS BY MATURITIES
31 to 60 days
61 to 90 days
16 to ~30 days
w.
1,467
74o,679 218.023 244,467 97,266 124,184 448,299 105,869 59,242 73,591 35,846 259.354 2.619,758
186,335 21,076 11,218 7,730 5,516 65,047 19,96o 3,165. 7,011 3,229 50,097 4ol,941
554,344196,947 227,249 89,539 118,668 383,252 85,909 56,077 66,580 32,617 209,257 2,217,817
Within 15 days
430,152
Ei1ls discounted
65,080
Eills bought in open matlret
4,872
U. S. Certificates of indebtedness
829
36,917
}4,94o
46,593
42,551
48,213
31,777
32,354
"'" .
Over 90 days
23,870
10,020
133,953
Total
569,309
184,945
187,038
St.3348d.
Released for publication Friday morning, February 9, 1923; not ear~ ier.
FEDERAL RESERVE A,GENTS 1 ACCOUNTS AT CLOSE OF 3USINESS, :EEDRU.ti.flY
Federal Reserve
A~ent
at
Boston New York
(In thousands of dollars)
Phil a. Cleve. Rich. .Atlanta Chicaso
RESOURCES
Federal Reserve notes en ha~Q
Federal Raaerve notes outstardi~;
Collateral security for Federal
Reserve notes outstanding:
Gold and gold certificates
Gold redemption fund
Gold fu..'1d_ - F. R. Board
E1 igibl6 paper .Amount required
Excess amount held
TOTJ!L
St.Louis
7, 1923.
Minn.
Kans.Cy. Dallas
San Fran.
Total
77,300
212,935
39&,6qo 52,200 40,490 31,480 78 ,8CJ
740,£79 21SS,023 244,467 97,266 124-,134
95,520 25,190 12,360 20, 76o 21,504 61,725 916,043
443,299 105,369 59,242 73,591 35,346 255,354 2,619,753
15,300
16,6:;,1
128,000
2,400
260;. 531 7,000 13,275
6,193
2,692
13,644
10,3G7
33; 6! l
341;000 137,859 170,000 65,795 100,000
11,730 13,052
15,279 4,374 1, _)11{) 4,355
397,645 64,000 33,000 54,360
15,591
10,153 9,823
35,37 5 25,715 11,350 14,676
865 3,988 3,267
34.107
52,907
15,731
105,4 77
119,660
62,767 47,548
3,203 9,067
23, T/9
6.461
329,793
2,226 19 t 775
130' 567
6,0Ci0 181,320 1,679,009
480,383
24o,S97
21,159 53,259
15,228 5,780
513J907 1,999.703 496,454 538,491 236,165 337,020 1,026,225 237,313 139,332 171,209 103,424 586,213 6,396,461
t I A B I L. I T I E S
Net amount of Federal Reserve
notes received from Comptrolle:r of the Currency
Collateral received from
Federal Reserve Bank~
Gold
Eligible paper
TOTAL
. 290,238 1,139~369 270~223 264,~57 128,746 203.013
159,951
63,713
635,202 155,256 196,919 63,487 103,593
225,137 70,975 56,615 38,932 25,414
-
543,319 131,059 71,602 94,351
57,350 321,079 3,535.806
412,924 80,154 47.392 53,715 14,687 201,095 2,139~375
69,482 26,600 20,833 15,143 36,387 64,039 721,230
518~907 1,999.7013 496,454 533,491236,165 337,020 1,026,225 237,313 139,832 171,209 103,424 536,213 6,396,461
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