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STATEMENT FOR
~HE
PRESS
St.329l
Federal Reserve Board,
January 11, 1923.
Releaaed for publication
Friday morning, Jan, 12;
not earlier.
CONDITION OF FEDERAL BESERVE BANKS.
•
'"r
Further gains of $24,300,000 in cash reserves and a total reduction by
$9S,4oO,OOO of Federal reserve note circulation are shown in the Federal Reserve Board's weekly bank statement issued as at close of vusiness on January
10, 1923. Discounted bills on hand show a reduction of $ll5,6CO,OOO, acceptances purchased. tn open market declined by $29,4oO,OOO, U, S. bonds and notes
fell off $6,600,000, while Treasury certificates, including special certificates
held by the reserve banks to cover temporary advances to the GovernrrJent, increased by $58,200 ,000.. Deposit liabilities declined by $4,900,000, while the
reserve ratio shows a rise from 71.3 to 73.6 per cent for th~ week.
Gold reserves of the system increased by $13,300,000. The New York Reserve bank reports an increase in its gold reserves ~f $9,900,000, Kansas City
shows an increase of $8,500,000, Cleveland - an increase of $6,700,000 and
Boston- an increase of $5,~00 1 000. Smaller increases in gold reservss, totaling
$2,800,00C, are shown for the Dallas, Minneapolis and Atlanta banks. The
largest decrease in gold reserves for the week, amounting to over $8,000 1 000, is
shown for the Chicago bank; decreases of $6,000 1000 and $5,200,000 are shown
for the Philadelphia and San Francisco banks, while ncu»;o.&J.ldecreases are reported
for the Ricrmond and St. Louis banks.
Holdings of paper secured by Government obligations show a decrease for the
week from $351,500,000 to $282,000,000. Of the total held on January 10,
$14o,4oo,ooo, or 49.8 per cent, were secured by u. s. bonds, $1,900,000, or 0.7
per cent, by Victory notes, $111,300,000, or 39.4 per cent, by Treasury notes
and $28,4oO,OOO, or 10.1 per cent, by Treasury certificates, compared with
$195,600,000, $1,500,000, $125,500,000 and $28,900,000 reported the week before.
A summary of changes in the principal assets and liabilities of the reserve
banks on January 10, 1923 as compared with a week and a year ago, follows:
Total reserves , , •
Gold reserves
•
f
•
Increase
or
Decrease
In millions of dollars
since
:.11an, 3, 1923
Jan. 11, 1922
+
24.3
+
145.9
+
167.1
+ 13.3
•
Total earning assets
. • ••
Discounted bills, total
•••••
Secured by U. S, Government obligations.
Otner bills discounted • , • • •
. •
Purchased bills • , , , •
United States securities, total , ••
Bonds and notes • • , , • • . • • •
U. S. Certificates of indebtedness
.......
Total deposits • • • • • .
• • • • •
Members 1 reserve deposits • • • • • , ••
Government deposits • • • • , • • • •
Other deposits
• • , • • , • •
..
Rederal Reserve notes in circulation • • • •
F. R. Bank notes in circulation, net liability
47.8
475.5
145.5
330.0
93.4
115.6
69.5
46 •. 1
+
29.4
51.6
6.6
+
+
+
+
58.2
+
4.9
+
17.6
+
+
,4
22.1
+
98.4
+
139.0
289.0'
123.6
165.4
243.0
224,8
9.1
27.3
18.9
81.1
.
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_A, •••• %-
,
Released f'ol"
publ,ioation Friday morning, Ja.n. 12, l923j not earlier,.·
$t. 3Z9la,
RESOURCES AND LIABILITIES
OF TEE TWELVE FEDERAL RESERVE BANKS COMBINED
(In thousands of doll?rs)
RE S 0 UR CE S
Jan, 10, 1923 Jan. 3. 1923 Jan. 11, 1922
281,300 ~"'i/ 272,504
362.138.
Gold and gold certificates • . . • . . . ,
543.~
550,126
502,010
Gold settlement fund - F. R. Board ,
S24,~$'il 822,630
884,148
Total gold held by banks . • . . ,
2,165,627'
1,910,561
Gold with Federal Reserve Agents ••••• 2,186,194
61,194
1oo,88o
51,872 1::(
Gold redemption fund • . , • , . • , • . •
3,062,~
3,049,451
2,895,589
.
Total gold reserves • .
1
124,509
.113,4le"'3 9 . 145,705
.
Reserves o.ther than go 1d , •
3,187,iWf'{'7 3,162,893?? 0 3,041,294
Total reserves
92,165
94 ,41+!- ~'-!--*
Non-reserve cash , . • • • • . • • , , . •
Bills discounted:
351,483
Sec. by u.s. QQvernment obligations •
281,996
276,162
Ot'l1er bills discounted • • , •
. .
230.053
255,182
225.76o
BiU.I ,bought in open market • . • . . •
882,827
737,,809
Total bills on hand
~82,315
1{5.709
U, S, bonds and notes , • 1 ,
• ,
214,239
3324467
U. s. Certificates of indebtedness • , • •
24
39
Municipal warrants • i 4 • • , • , • , • ,
1,29),823
1,339,420
fotal earning assets • • • . , • • . 1;246,009
35,121
45,281
Bank premises • • , , , • , . • • • • • •
45,521
5% Redemption fund against
7,939
F. R. Bank: notes • • • • • • . , . • •
548,436
6o6,~$S 77~:g~6
.
Uncollected items • • • • • .
.12,709
14,894
15,506
All other resources • • • , , .
• •
ij.,939.322
5,193,255
5,429,709
TOTAL REOOURCES •
'
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•
I
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I
~
!
I
i
!
.... .
. . . ...
.
. ..
t
I
LIABILITIES
Ca.pi tal
paid in • • • • •. , . , , . . ,
Surplus . • , • • , • • . . • . . . . . . .
Deposits:
Government • • • • • . , • , • • . •. •
Member bank - reserve account , • • ,
Other deposits • • • • • , . . • • . ,
Total deposits , • • • • • • , •••
F. R. notes in actual circulation • • . •
F. R, Bank notes in circulation net liability • • • • • • • • • , . , •
Deferred availability items • . • • . • •
All other liabilities • , • • • . • . . •
.
TOTAL LIABILITIES
107 .~65
218,369
107,450
218,369
6,193
1,960,346
53,337
2,019,876
2 ,Jl2 ,674
6,630
1,942,749
75,394
2,024,773
2,411,058
26,055
1,776,907
2,293,799
2,866
5S-,667
10,338
2,947
655.532
9,580
83.977
449,455
16,582
5,193,255
5,'429 '709
4,939,322
Ratio ot total reserves to deposit and
F. R. note liabilities combined . • • •
73.6%
*Not show.n separately prior to January 1923.
103,204
215,398
15,289
l, 735.563
74.7%
Released for publication Friday morning, January 12, 1923; not earlier
' St.329lb.
RESOURCES .AND LIABILITIES OF THE FEDERAL RESERVE BMli<:S AT CLOSE OF BUSINESS, JANUARY 10, 1923.
(In thousands of dolla~s)
RESOURCES
Federal Reserve Bank of
Roston New York Phil a.
Rich. .Atlanta
Kans. Cy. Dallas San Fran.
Gold and gold certificates
16,731
123,104
5, 742
11,152
7~575
2,735
Gold settlement fund - F. R. Board
2 122
204
1
1
1
1. 10
2 8
Total gold held by banks
45,853
327,661 35,754 85,778 26,768 25,513 103,063 25,750
31,364 4o, 726
21,561 54,-84;>"1°0 824' G;S
Gold with F. R. Agents
169,452
658,. 705 185,004 192,576 66,314 107,624 411,6Go· 79,670 47,-424 53,145 18,680 l95,94o 2, 186,194
Gold redemption fund
8,180
8,06o
3;845 6,017
3, 771
1,768
3, 772
3,761
2,4ol
:h836
1,883
4,579
51,873
Total gold reserves
"'l
1»8
223,485
994,426 224,603 884,371 96,853 134,905 518,495 109.,.1.8.1 Z2~t324 96,272
42,124 255, ~ 3,062, "te5
Reser1es other than gold
8,551
30,628 13,302 8,239 10,832
6,315 22,982 11,239
672
2,933
4,647
4,169
124,509
Total reserves
232r036 1,025)054 237,905 292,610 107,685 141,220 541,47] 120 1 420 83,296 99,205
46,771 25~,~ 3,187,~
Non-rese:rve cash
14,027
12,855 4,421
6,803
4,478 10,823 15,354
5,487
3,205
5,178
4,816
, 718 1u 92,165
Bills discounted:
Secured by U~ S. Govt. obligations 15,334
154,575 32.625 14,252 15,407
2,188 22~105 7~282
1.,686 8,380
6,456
l, 706~
281,996
Other bills discounted
22,898
13,277
6,949 14,270 27,512 20,335 42,372 7,837 17,879 16,666
13,640 26,413
230,053
B i 11 s bought in open market
191906
31.124 20.014 46.641
962 9.812 161022 1~.820
111
23a206 37 .o86
222.160
Total bills on hand
58,138
205,576 59,648 75,163 43,881 32,398 80,532 28,939 19,565 25,157
38,852 69,960
737,809
U. S. bonds and notes
6,890
36,684 24,344 11,862 1,291
302 7,392 16,866 12,314 27,519
2,629 27,616'
175,709
U. S. Certificates of ir.debtedness
31,806
109,795 15,256 33,903
8,000
9,140 63,353
8,845
3,495 15,595
11,129 22,150
332,467
Municipal warrants
24
24
Total earning assets
96,834
352,055 99 J 248 120,928 53,172 41, 84o 151,277 54,650 35,398 68,271
52,610 119,726 1,246,009
Bank premises
4,434
10,101
64o 7,202 2,617 1,964 8,288
4,702
946
911
1,937 . l, 719
45,521
5% Redemption fund against
F. R. Bank notes
46
200
665
Uncollected items
123,186 50,390 56,882 54,186 23,797 75,039 38,647 15,301 41,604
53,409
28,407 45,~
6o6,
All other resources
2,043
416
:244
46o
613
455
124
1.8)1
14 1 894
1 1 918
305
4.129
996
.
f
~
TOTAL REGCURCES
4o1,084 1,525,294 393,020 435,095 222,593 219,949 792,824 220,575 139,977 220,156
•
•
,..
J
- .
136,505 436,180
5,193,255
.~·
Released for publication Fridlq morning, January 12,
1923;
St.. J29lc
not earlier.
RESOURCES AND LIABILITIES OF THE F.EDERAL RESERVE BANKS AT ~CLOSE OF BUSINESS JANUARY 10,
1923.
(In tho.usands of dollars)
Boston New York Phila.
Federal Beserve Bank
Capital paid in
Surplus
Deposits:
· Goverxment
Member bank - reserve account
Other deposits
Total deposits
F. R. notes in actual circulation
F. R. Bank notes in circulation net liability
Deferred availability items
All other liabilities
~TAL
Rich.
Atlanta Chicago St.Louis Minn.
28,690 9,.327 11,716 5,597
59,800 18,749 23,495 11,288
8,127
16,312
4,310 14,778
8,:942 30,398
4,830
9,665
Kans.Cy. Dallas San Fran.
4,617
9,488
3,533
1,473
4,195 7,745
7,496 15,263
Total
107,465
218,369
424
386
761
82362
656
452
155
6,193
376
342 1,181
516
129,267 762,804 113,873 151,715 63,290 59,3o6 276,817 73,758 49,372 83,377 55.227 141,535 1,960,346
814 3y{U2 2,448 1,655 5,578 7,709 1,810 4,453
3,466 .... +J.,820 2,478 8,094
53.337
133.095 775,000 117,117 16o,465 64,186 62.$34 280,151 75,837 55,292 92,267 57,489 146,143 2,019,876
201,717 565,213 2o4,6l7 238,215 93 J 899 122.950 -4o6 •086 89,533 58,742 68,532 36,782 226,388 2;312,674
LIABILITIES
Batio of total reserves to deposit
and F. R. note liabilities
combined, per cent
,.
Cleve.
2,092
774 ~~
2,866
41,571
94,253 ·42,879 50,413 47,179 20.274 60,346 4o,005 14,113 42,679 28,297 39,658 521,667
262
2,338
331
794
444
639 1,065
705
824
481 1,472
983
10,338
4<>1,084 1,525.-294 393,020 485,098 222,593 219,949 792,824 220,575 139,977 220,156 136,505 436,180 5,193,255
73.9
69 .3
73.4
68...1
76.. 0
f73. 9
72.8
73 .."0
61.7
49.6
73.6
~.Contingent
liability on bills·
·purchased for foreign
correspondents
12,466
2,474
2 711 . 2 773
1
J
J-0
1,661
1,2§1" 4,033
1,593
915
1,627
881
1,559
t3
33.95tY
FEDERAL BESERVE N>TES OUTSTANDING AND IN ACTUAL CIRCULATION ·
219,839
18,122
circulation 201,717
'· R. notes outstanding
F. R. notes held by banks
F. R. notes in actual
770,2"51 239.771 265,573 107,313 128,299 461,..155108,535 63,510 76,421 41,489 265.549 2,747,705
205,038 35,154 27 ..358 13,414 5.349 55,o69 19,002 4, 768 1,889 4,707 39,161 435,031
565,213 204,617 238,215 93,399 122,950 4o6,o86 89,533 58,742 68,532 36,782 226,388 2,312,674
DISTRIBUTION OF BILLS, U. S. CERTIFICATES OF INDEBTEDNESS AND
Within 15 days
16 16 30 days 31 to 60 days
61 to 90 days ·
Bills discounted
.Bills bo"U8ht in open market
u. s. Certificates of indebteaness
I.
~:ipal...,.rrants
353.518
72,452
145,787
17
"'34,678
48,561
51,690
61,891
1
5
~ICIPAL
43,339
35.375
81,919
28,824
7,481
104,761
l
t.
http://fraser.stlouisfed.org/
~;:·
Federal Reserve Bank of St. Louis
WARRANTS BY MATURITIES
Over 90 days
Total
'
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. -
512,049
225,76o
332,467
24
Releas~d
for publication Friday morning, January 12, 1923; not earlier.
2-:;.329ld
FEDERAL RESERVE AGENTS' ACCOUNTS AT CIP.SE OF BUSINESS, JANUARY l), 1923.
Federal Reserve Agent at
RESOURCES
:Boston New York Phila.
Federal Reserve notes on hand
84,900
Jedera1 Reserve notes outstanding219,839
Collateral security for Federal
Beserve notes outs tandingt
Gold and gold certificates
15,300
11,152
Gold redemption fund
143.000
Gold fund - F. R. Board
Eligible paper Amount reqmred
Exo~ss amount held
(In thousands of dollars)
Cleve. Bich. Atlanta Chicago St.Louis Minn.
Kans.Cy.
lRllas San Fran.
Total
398,690 47,520 34,14o 29,260 80,744
770,251 239,771 265,573 107,313 128,299
87,960 26,54o 9,065 21,36o 18,344 64,075
902.593
461,155 105,535 63,510 76,421 41,489 265,549 :2,747,705
283,J.g4 7,000 13,275
2,4oo
34,521 14,115 14,301 1,519 4,724
341,000 163,889 165,000 64,795 100,500
11,780 13,052
16,016 4,390 1,372 3,785
395,644 63.500 33,000 . 49,360
111,546 54.767 72,997 40,999 20,675
807 1,981 2,034 11,717
75.917
6,471
352,462
2,709 14,272
122,876
9,500 181,668 1,710,856
49,495 28,865 16,086 23,276 22,809 69,6o9
301
30,988
69 2,789 1,881 15,870
561,511\
152,105
532,329 2,015,109 527,869 567,267 245,920 349,059 1,041,258 243,679 138,874176,083 117,192 595,474 6,550,113
TOTAL
LIABILITIES
Net amount of Federal Reserve
notes received from Comp•
troller of the Currency
304,739 1,168,941 287,291 299,713 136,573 209,043
549,115 135.075 72,575 97,781
Collateral received from
Federal Reserve Eank:
Gold
~igible paper
169,452
58,138
411,660 79,670 47,424 53,'145 18,680 195.940 2,186,194
80,483 28,934 18,875 25,157 38,679 69,910
713,616
658,705 185,004 192.576 66,314 107,624
187,463 55.574 74,978 43,033 32,392
59,833 329,624 3,650,303
'roTAL
•
http://fraser.stlouisfed.org/
.
Federal Reserve
Bank of St. Louis
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@FedFRASER