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STATEMENT FOR THE PRESS Released for publication Friday morning, July 1; not e a r lie r * St.2092 • Federal Reserve Board June 30, 1921. CONDITION OP FEDERAL RESERVE BANKSAggregate reductions of $11,500,000 in deposit liabilities and of $U,800,000 in Federal reserve note circulation, as against a further in crease of $5,500,000 in cash reserves are indicated in the Federal Reserve Board's weekly bank statement issued as at close of business on June 29> 1921* The banks* reserve ratio shows a further rise for the week from 60. 1+ to 60.8 per cent. Federal reserve bank holdings of paper secured by United States obli gations show a decline of $10,200,000, other discounts on hand increased by $27,800,000, while holdings of acceptances purchased in the open market reached the low level of $ 3 1 , 600, 000, a decrease of $7,900,000 for the week. During the week the Goverment retired an additional $6,500,000 of Pitt man certificates used as cover for outstanding Federal reserVg bank notes, while the decrease of $25i900,000 in other Treasury certificate holdings is due largely to the redemption by the Treasury of a special certificate held by the New York Reserve Bank on the previous Wednesday. Total earning assets, in consequence of the changes noted, show a further decrease of $21,900,000 and on June 29 stood at $2,060,500,000, or $1,213,000,000 below the total shown about a year ago, Of the total holdings of $6^7,800,000 of paper secured by United State* Government obligations, $1+36,100,000, or 67*3 P®r cent,were secured by Liberty and other U, S. bonds, $170,300,000, or 26-3 Psr cent,- by Victory notes, $2,800,000, or .1+ per cent, - by Treasury notes, and $38,500,000, or 5*9 per cent, - by Treasury certificates, compared with $M+9,500, 000, $170,^+00,000 $2,700,000 and $35*^00,000 shown the week before. Discounted bills held by• the Boston and New York banks include $1+7,900,000 of bills discounted for the Richmond, Minneapolis and Dallas banks, compared with $1+1,700,000 reported the weak before. The two former banks report an increase of their accommodation at the New York Reserve bank- from-$37»600,000 to $39*500*000, while the Dallas bank shows an in crease in its rediscounts with the Boston Bank frcm $1+,1G0,0C0 to $8,^00,000. * All classes of deposits show decreases for the week: Government de posits - by $2 , 600, 000, reserve deposits - by $ 6 , 600, 000, and other deposits, composed largely of non-members' clearing accounts and cashier's checks, - by $2,300,000. Federal reserve note circulation shows a further decline for the week of $1+,800,000, the June 29 total of $2,63^*500,000 being $ 53^* 300, 000, or 17 per cent, below the total reported about the middle of last year. Net liabilities of the Federal reserve banks on 'Federal reserve bank notes in circulation show a decrease of $ 2 , 600,000 for the week, and stand at present at $132 ,^+00 ,000, or 30 per cent below the mid-summer total of last year. A gain of $11,1+00,000 in gold is offset by a loss of $6,000,000 in other reserve cash, i. e ., legal tender notes and silver. Released, for publication Friday morning, July 1, 1921; not earlier. St.£092a. RESOURCES AND LIABILITIES OF THE TWELVE. FEDERAL RESERVE BAMS COMBINED. (In thousands of dollars) R E S O U R C E S Gold and gold certificates . . . Gold settlement fund - E.R.Board Gold with foreign agencies . . , Total gold held by banks . . . Gold with Federal Reserve Agents Gold redemption fund . . . . . . Total gold reserves ............... Legal tender notes, silver, etc. Total reserves . . . . . . Bills discounted: Sec, by U .S . Government obligations All other . . . ................................. Bills bought in open market „'. . . . Total bills on hand . . . . . . . . U.S. bonds and notes U.S. Certificates of indebtedness*,. . One-year certificates (Pittman Act) All other ............................................ .............. Total earning assets Bank prem ises......................... ... . , . 5$ Redemption fund against ‘F. R. Bank notes Uncollected items ............... ............... All other resources TOTAL RESOURCES ......................... June 22. 1921 315 > 72 400,841 July 2.1920 171,176 402,760 111,^31 731,134 1,597.219 7167313 1,592,126 136.047 ■ 685 >67 2 ,1+61,931 2 >50 >88 2 ,o25 > 5S 2 , 620,005 1,146,944 ...1190-285 1 ,971,696 ... 131,005 2,109,501 647,761 1,123,801 657,920 1 , 294,892 1 , 095,933 1,250.302 ...3-90,085 1,793 >51 33,729 2,935,279 222,375 '.. 32.848 259,375 52.004 2,082 >03 24,717 3,273,519 13,658 10,042 506,454 14,747 10,194 564,105 l 4 , 4o 4 733,945 5 >10 5,242,041 5 , 315,828 6 , 198,457 102,177 202,036 4o , 4oo 94,594 164,745 17,957 ___ l u m 1 . 697,247 22*809 1 , 874,161 -... 62,475 1 ,959,445 2 , 639.319 3,l6s,si4 135,004 467,928 ___ 11,H I 5.315.S28 189,232 581,610 June 29. 19 21 3 2 3 .SCO U07.23U ,■■-1.63x511 31.601 1 , 803,163 31+,51+9 £15,675 6 ,90S 2 , 060, 1+95 2U,Si+5 39.488 26,861 12,424 L I A B I L I T I E S 102,184 Capital paid i n ........................................ ... 202,036 Surplus . ....................................................... 4o,910 Reserved for Govrt, franchise tax . . . . Deposits: Government 15.352 Member bank - reserve account . . . . . 1,641,156 All o t h e r ................................................... .........23 ,’220 Tctal deposits ............... ................... 1,6S5,7SS F.R. notes in actual circulation . . . . 2 , 63*+>75 F.R. Bank notes in circulation %■ net liability ............................................ 132>00 Deferred availability items ...................... 4l2,2l4 All other liabilities .............................., ........ 32,034 TOTAL LIABILITIES ............................. Ratio of total reserves to deposit and F.R. note liabilities combined . . . . Ratio of gold reserves to F.R. notes in circulation after seating aside 35$ against deposit liabilities . . . . . 5,242,041 60. 8^ 1 , 647,709 60.4$ .. 40,017 6,198 >57 *42,5 11- 3 76 . 8$ * 47 , ^ ^Calculated on basis of net deposits and. F.R. notes in circulation. Released for publication Friday morning, July 1, 1921; not earlier. RESOURCES AND LIABILITIES OF THE FEDERAL HESERVE BANKS AT CLOSE OF BUSINESS JUNE 29, 1921. St.2092b. R E S O U R C E S (In thousands o-f dollars) Boston New York Phila. Clevel. Richm. Atlanta Chicago St .Loais Minn. Kans.Cy. Dallas San Fran. Total Federal Reserve Bank of 8 ,4 o 4 19,491 2,085 2,742 7,784 4,816 20,187 8,716 2,688 5,984 239,251 1,752 323,900 Gold and gold certificates 407.234 44,919 52,744 25.103 10,191 . 6 1 ,1 1 1 .. 13,699. Gold settlement fund - F.R-Board 36,017 87, a i 9,485. 32,9^6 ._ 2x4l6_ 31,390 43,801 336,462 46,671 58,728 27,791 15,007 81,300 l6,44i 17,889 35,031 11,13 2 50,881 Total gold held by banks 731,13^ 31,626 52,741 to, 608 12,932 139,^77 1,597,219 58,356 236 , 07 s 19,992 509,^79 1 27,9 76 188,065 Gold with F . R- Agents 179.SS9 3,84i 5,608 6,743 17,204 4,530 36,000 4,570 5,922 30,077 133,578 3,309 9,569 6,205 Gold redemption fund 240,854 871,91+1 181,390 251,363 74,604 79,285 347,*+55 73,023 41,190 72,265 28,59*+ 199,927 2 , 461,931 Total gold reserves 4,122 8 1,611 16,542 6.340 5,554 3,385 5,587 __ 3-1.01.3. ..163,527 Legal tender notes, silver, etc. 6,559 17.026 12,782 ..1,005 42,195 34,181 202,941 2 , 625,458 85,805 85,844 3@t,48l 78,726 75,650 953,552 186,944 257,703 257,^36 Total reserves * 1.V* .-.. 1 i Bills discounted: (a) -• *■ 4,994 25,873 36,454 107,019 31,782 40,279 53,102 647,761 9,331 40,722 Secured by U.S.Gov*t. obligations 177,817 94,815 25',573 57 , 242 237,990 45,869 96,055 73,286 65 , 57s a 2,803 52,263 65,106 53,925 54,243 109,441 1 , 123,801 All other — 31.601 20 ... 150 .. 2j 093_ 8,220 7.362 2,390 2,198 219 4,689 Bills bought in open mairket 1.037 __ 3.223 79,818 84,264 70,100 63,724 152,256 1 , 803,163 Total bills on hand 105,7^1 : 423*169 145,373 1 5 1 , 5^7 101,057 103,069 323,045 308 8,868 844 4,489 1,646 1,169 U . S* bonds and notes 3,979 34,549 1,131 155 555 1,233 10 ,172 U . S . Certificates of indebtedness: 9,880 2,400 5,480 7,260 14,564 36,112 11,568 One-year certificates (Pittman Act) 1 8 ,936 8,320 52,776 26,780 21,799 215,875 — — 6.908 1 114 1 176 108 5.486 12 76 849 85 All other 125,340 482,562 174,648 174,275 109,550 127,817 363,722 97,177 75,849 97,007 70,103 162,445 2 , 060,495 Total earning assets 24,845 560 2,654 1,968 2,047 627 3,69S 5,302 3,878 657 752 Bank premises 529 2,173 5$ Redemption fund against 494 ',10,042 916 1 ,833 361 704 700 F . R . Bank notes 772 523 275 363 1,8 7 5 1,239 506,454 30,344 36,401 Uncollected items 42,035 117,751 42,864 47,650 4o,325 18,750 63.876 25,509 13,978 36,971 1.446 .. 2,6 224 2,204 ... .. 6ll_. 606 .. _ .1 .4 j 4 l 444 865 All other resources ...... 533.. _____ 3* 3.89. -_7.5Z.......... .133.. TOTAL RESOURCES 429,Si4 1,564,1*31 4o6,442 483,973 231, 1+55 23^,732 799,981 210,312 133 , 17 s 213, SO1+ 128,403 405,516 5,21+2,041 (a) Includes bills discounted for other F. R. Banks, viz: 8,425 39,^50 - 47,875 Released fo r publication Friday morning, July 1 , 1921; not e a r lie r . St.2092c. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUNE 29, 1921(In thousands of dollars) L I A B I L I T I E S Federal Reserve Bank Boston New York Phila* Clevel. Ricfcm. Atlanta Chicago St.Louis Minn- Kans.Cy. Dallas San Fran. Total Capital paid in 4,222 102,184 26,896 S , 6i 6 11,0^7 7,318 4,506 l4 ,26l 7 ,9H 5, *+12 4 , 3*+7 3,551 *+,097 Surplus 202,036 56,1+11+ 17,010 20,305 10,561 6,980 15>711 6,033 14,194 9,159 s ,3*+6 8, 3*+3 28,980 Reserved for Govt, franchise tax 2,070 2,225 16,700 Uo,9io 2,666 2 , 61+ 9 1,558 1 , 55To 79*+ 1,365 1,587 7*739; , Deposits; Goverrment ss4 1,602 2,015 2,122 1,082 1,162 20l+ 1,006 s6s 15,352 2,571 525 1,311 Member bank - reserve account 1 Q1+, U20 664, 103 98,675 131,330 51,1+20 1+3,1+61+ 230,621 59, i 6o 1+2 , ISO 69,61+5 1+2,150 103,988 1,61+1,156 ' All other 12 , 11+9 7,928 1,112 582 2 9 ,2S0 l+si 1, 17*+ S19 398 938 *+85 33*+ 2,880 Total deposits 106, 1+78 1+4,563 114,038 1,685,788 677,85*+ 101,093 134,839 52,109 44,323 23*+, 507 60.SI+7 M 3 ,7^3 71,389 F. R. notes in actual circulation 249, 784 671,523 226,352 254,841 119,501 150,905 *+*+3,802 102,669 58,333 78, *+59 1+5,557 232,?l!9 2,63*+, *+75 F. R- Bank notes in circulation net liability 132,400 9,837 4,321 6,738 25,522 10,137 16,555 5,360 13,992 9,829 17,945 5,791 6,373 Deferred availability items 36,00s 82,113 38, 76s *+1,597 34,918 13,^76 i+S,l 1+7 2l+,gl+l+ 11,706 33, *+03 21,321 25,913 412,214 All other liabilities l ,S 6c 2,386 32,034 1,6140 7,409 4 , 666, ...1.933 2,996 1,576 1,110 1,795 3,231 1,* m TOTAL LIABILITIES 429,814 1,564,431 4o6,442 483,973 231.*+55 234,732 799,981 210,312 133,17s 213,804)128,403 1+05,516 5, 242,o4i M E Ivl 0 E A II D A Ratio of total reserves to deposit and F.R. note liabilities combined, per cent 72-3 57-1 70.7 66-1 Contingent liability as endorser on discounted paper rediscounted with other p. R. Banks 24,974 Contingent liability on bills purchased for foreign correspondents 2,366 F . R. notes outstanding F- R< notes held by banks F . R. notes in actual circulation B i lls discounted B i l l s bought in open market U. S- C e r tific a te s of indebtedness i+5.9 44.0 5^3 53-7 52.5 4i .i 50. 14,476 37.9 8,425 5S.6 60.8 - 47,875 /0 > 266,646 16,562 2'U9,7g»+ 41,449 2,560 2 , 62*+ 1 , 56s 1,152 3 , SOS 1,504 864 1,536 FEDERAL RESERVE NOTES OUTSTANDING AI® IN ACTUAL CIRCULATION S33.931 2Ul, g'43 21J,Z82 125,033 162, Upg 15,1+91 22,441 5,532 671,523 226,352 2 5 M U 1 119,501 DISTRIBUTION OF BILLS AND U. S. Within I 5 days 16 to 30 days 1 , 032 , 1+89 165,256 lb ,225 7,706 2,600 , 6 528 832 1,472 61,755 1 57,152 492,393 122,845 60,53s S5,962 *+8,539 283,861 2 , 996,025 6,21+7 4g,591 20,176___ 1,705 7,503 2,982 51,612 361,550 150,905 1+1+3,802 102>6”69 58,333 78,1+59 CERTIFICATES OF INDEBTEDNESS BY MATURITIES 61 to 90 days 31 to 60 days Total Over 90 days 271,OSS 1 ,771,562 213,172 29,551 4 ,760 31,601 2,910 34,gl4 17,669 222,733 161,172 Released fo r p u b lication Friday morning, July 1, 1921; not e a r lie r . FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS JUNE 29, 1921Federal Reserve Agent at V s Boston New York Phila. (In thousands of dollars) Clevel. Richm. Atlanta Chicago St.Louis 0 O B C I S Federal Reserve notes on hand 93 >630 Federal Reserve notes outstanding 266 ,646 Collateral security for Federal Ressrve notes outstanding: Gold and gold certificates 5,600 Gold redemption fund 2U.289 Gold settlement fund-F.R.Board 150,000 Eligible paper Amount required 86,757 Excess amount held 18,984 TOTAL 26S, 200 21,420 43,420 22,429 72 , 92*+ 833,931 2Ul,g 43 277,282 125,033 157,152 286,92*+ 21,555 - 23,775 14,230 4,608 201,000 111,389 150,000 36,000 32M 52 113,267 .. 63,983 13,633 89,217 8M 25 62,303 1^,699 16,587 98,796 U.253 Minn. Kans.Cy. 17^,100 28,320 U92 ,393 122,845 13>665 60,538 3,U00 4,956 50,000 St.2092d. 4,730 Dallas San Fran- Total 35,962 27*612 38,640 807,340 Ug.539 283,861 2 , 996,025 3 ^ .9 9 2 13>573 127,264 3,234 125,904 1 , 124,963 6,110 13,052 15.^33 1,740 220,645 3 ,boo *+3,231 5,200 3,266 28,360 256,315 66,704 70,104 14,022 40 , 5^6 28,595 54,336 35,607 144,384 1 , 398,806 25,442 27,816 6,131 3,567 5,750 346.184 645,506 1 , 998,045 518,739 660,287 287,19*+ 391,481 1 , 225,550 288,032 163,336 202,146 152,506 612,312 7 , 145,574 L I A B I L I T I E S Net amount of Federal Reserve notes received fran Comp troller of the Currency Collateral received from Federal Reserve Bank: Gold Eligible paper TOTAL * *for FRASER Digitized 360,276 1 , 100,131 263,263 320,702 147,462 230,076 666, 1+93 151,16 5 74,203 90 ,742 76,151 322,701 3 , 803,365 179,339 509,^ 7 9 1 2 7 , 976188,065 I Q S J t 1— 338 , 4 3 5 1 2 7 , 500151,520 236,078 323,019 52 , 7 U1 84,126 19,992 69,141 31,626 79,778 12» S32 139,477 1,597,219 63,423 150,134 1,744,590 40,608 58,356 99 , 12^ 103,049 645,906 1 , 998,045 518,739 660,287 287,194 391*tel 1 , 225,590 288,032 163,336 202,146 152,506 612,312 7 , 145,574 statement for the press Released fo r publication . Friday morning, July 8 ; not ea rlier. St . 2107 Federal Reserve Board July 7, 1921- CONDITION OF FEDERAL RESERVE BANKS• Total additions of $ 37 *^00,000 to the volume cf outstanding Federal reserve note circulation, accompanied by increases of $ 29 (800,000 in borrowings by member banks and of $ 27 ,^ 00,000 in deposits, mark the principal changes in the condition of Federal reserve banks for the week ending July 6 , 1921. Gold reserves show a further gain of $ 1 5 , 800, 000,while other cash reserves, i. e., silver and legals, declined by $ 10 , 100,000 during the week, the re sult being a net gain of $5,'700,000 in total cash reserves. The banks1 reserve ratio shows a decline from 60.S to 60 per cent. Federal reserve bank holdings of paper secured by Government obligations show an increase for the week of $ 26 , 600, 000,and other discounts - an increase of $3 , 200, 000, while holdings of acceptances bought in open market declined by about $500,000. No change is shown in the total of Pittman certificates held, while other Treasury certificates on hand show an increase of $3,700,000. In consequence of the changes noted, total earning assets of the reserve banks on July 6 stood at $2,095,500,000, or 35 Per cent below the total re ported on July 9 of last year. Of the total holdings of $674,400,000 of paper sectored by United States Government obligations, $423)200,000, or 62-7 per cent, were secured by Liberty and other U. S. bonds, $166,500,000, or 24-7 Per cent, - by Victory notes, $4,600,000, or .7 per cent, - by Treasury notes and $80,100,000, or 11.9 per cent, - by Treasury certificates, compared with $436,100,000, $170,300,000, $2,S00,COO and $38,500,000 shown the week before. Discounted bills held by the Boston and New York banks include $41,500,000 of bills discounted for the Richnond, Minneapolis and Dallas banks, compared with $47,900,000 reported the week before. The two former banks report a reduction of their combined accommodation at the New York reserve bank from $39,500,000 to $31,000,000, while the Dallas bank shows an increase in its rediscounts with the Boston bank from $8,400,000 to $ 10 , 500, 000. Government deposits show an increase for the week of $18,600,000, reserve deposits - an increase of $10 , 600, 000, while other deposits, composed largely of non-members' clearing accounts and cashier's checks, declined by $1 ,800,000.. To meet the large demand for currency in con nection with the opening of the summer vacation and travel period the Federal reserve banks of Boston, New York, Chicago and San Francisco, immediately before the Fourth of July, issued large amounts of Federal reserve notes, the net Federal arveviiote circulation for the week being $37,400,000, besides an increase of $900,000 in Federal reserve bank note circulation. During the week the reserve banks paid the regular semi-annual 3 per cent dividend amounting to $3 ,036, 000, and increased their sur plus by $11,789,000. All the banks, except the Dallas bank, report surplus accounts in excess of their subscribed capital. Their re serve for Government franchise tax amounted at the close of the first half cf the year to about $41,000,000. Released for publication Friday morning, July S, 1921; not earlier. S t .2107a. RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED, (In thousands of dollars) R E S O U R C E S July 6 . 1921 338,957 403,146 Gold and gold certificates . . . . . . . Gold settlement fund - F.R .Board . . . . Gold with foreign agencies . . . . . . . Total sold held by banks Gold with Federal Reserve Agents . . . . Gold redemption f u n d ...................... . . . Total gold reserv es...................... ... . Legal tender notes, silver, etc.............. Total reserves ..................................... | Bills discbujited: * Sec-,:j>y'tJVs.' 'Government obligations All other . . . .................................... •; Bills, bought in open m a r k e t .................. ; Total bills on hand ............................. U .S . bonds and n o t e s ...................... .... U.S. Certificates of indebtedness: One-year certificates (Pittman A ct). , All other . . . . . . . . . . . . . . 71+2,103 1 , 598,265 137,438 2,1+77,806 153,405 2 , 631,211 674,377 1 , 126,986 31,136 l,S32,l+99 36,610 June 29, 1921 323,900 407 , 23!+ — July Soil 731,13** 1,597,219 13L5ZS 2 ,^+61,931 683,220 1 , 145,102 16 1,52 1 2 , 625 , 45s 168,929 402,760 111.531 142,994 1,971,316 . 136,821 . 2,108,193 6^ 7,761 1 , 123,801 ... 31 J 2.Q1 1 , 803,163 34,549 1 , 296,350 1 , 265,243 ...3.72^91 2,934,184 26,862 215,875 . 10,55.1 2,09 5,535 215,875 6.908 259,375 2 , 060,495 3,242,988 2M 61 24,845 13,734 9,679 10,042 “ ,506,454 14.747 5,242,041 12,293 796,233 _ _ . _ 4 .a 36 6,178,377 102,103 213,824 1+2,065 102,184 202,036 94,639 164,745 40,910 - 3l+,02l+ 15,352 1,641,156 29.280 1 , 685,788 15,919 1,839,704 . 55,159 1,910,782 3,180,948 .............. 16,718 5.331,536 2,634,475 i 1 132^400 412,214 12,034 5,242,041 Ratio of total reserves to deposit and F.R. note liabilities combined . . . . 60. 0$ 60 . 8$ ♦43 . 15s Ratio of gold reserves to F.R. notes in circulation after setting aside 35$ against deposit liabilities . . . 76.0$ 77-3$ * 47. Total earning assets . . . . . . . 22,567 5$ Redemption fund against . 557,162 13,088 TOTAL RESOURCES . . ...................... L I A B I L I T I E S 5,331,536 Uncollected items . .......................... ... Reserved for Gov’ t, franchise tax Deposits: Member bank - reserve account . , . . . . . F.R. notes in actual circulation . . . . F.R. Bank notes in circulation .. .. 1 , 651,757 27,371 1 , 713,152 2 , 671,916 133,303 1+33 , 1+55 TOTAL LIABILITIES . . . 190,287 594,434 ....4.2x542 6,173,377 ♦Calculated on basis of net deposits and F.R. notes in circulation. Released for publication Friday morning, July 6 , 1Q21; not earlier. r , no, o* ain?* RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JULY 6 , 1921. o t .a 0 7 b . R E S O U R C E S (* n thousands of dollars) Federal Reserve Bank of Boston New York Phila. Clevel. Richm. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total Gold and gold certificates 7 ,6 a 253.815 1.793 6,029 2,703 ^ 20,573 2.79 8 -8.377 2,110 8 , 6 7U 19,673 338,957 --1 l 1 _ — 33.jfL5--- l i—. Gold settlement fund - F.R .Board55>552 32,9^3_________ 5 1 *3.31__ ------------ 9.J ill— 11.3 35.— 11*2 3 2-- 7..1.I1 .— Total gold held by banks 63,373 286,758 59,19° 64,475 22,7^9 l M 5 7 91,973 19,990 16,111 37,803 11,980 53,638 7^2,103 Gold with F. R. Agents Gold redemption fxmd Total gold reserves 181,044 50 9 ,298 1 3 ^ 2 8 185 , 604 38,023 59,*32 230,213 ^ ,572 20,031 33,607 1*.751 W 2 ,8 f e 1.,998,265 15.655 36.000 9.631. * . 2 53 ........5,589 35,292 ,3.,S20 3 , 258.., . J , 317 2,691 9 , 4 1 8 13T,*38 260,072 832,056 203,249 254,593 69,025 79,^78 35?,^78 72,382 39,^00 7^,727 29,428 205,918 2,477,806 I , wvw ^ —.2...<,699 ■.. .UJL16.525 3,118 6 . 233 4,424-----ZxQQ 8— j.16^.803— 1 --- 222-- 3 t.%6l-- 5i 113.— 3«02c--153> Q,5 vi.c-.jj. ... Zj.TT.rJL— ±u.i2 ^ 72.921 _ 35,200 208,950 2 , 631,211 78,694 85,081 40,303 904,977 206,367 260,826 73,4149 86,486 37^,281 276,597 . Legal tender notes, silver, etc. Total reserves Bills discounted: (a) Secured by U.S.Gov’ t. obligations All other Bills bought in open market Total bills on hand u. s. bonds and notes All other 56 Total earning assets Bank premises 5$ Redemption fund against F. R . Bank notes Uncollected items All other resources TOTAL RESOURCES (a) Includes bills discounted for other F. R. Banks, viz: 31,90*+ 53,935 ...7,905 212,999 236,970 1 1.6 16 555 3,270 84,043 54,259 29 , 65s 35,063 106,366 39,317 98,005 74,280. 65 , 75*+ 218,535 962 2.306 1.228 ...2^02i_ 3,390_ 1,627 843 1,233 10 ,1 U2 4,490 32,556 5*+,597 104 7,757 65,977 24,181 55,319 mSO 1,153 1^5 8,868 10,470 45,121 674,377 49,674 114,623 1 , 126,986 .,..110 1,4 5 9 ____ 31,136 3,979 305 36,610 1S.936 52,776 26,780 21,799 7,26014,56436,11211,56 s 5 ,^ 0 g.3® 2,4oo 9,880 215,875 ?6 q.531 612 13____ -___________ l _ ____ 55_____ 225---- 51---- 26-- =-------1-- 10^51 9 , 5.31_________________ 612_______13 113,271 527,162 155 ,769 176,147 1 14 ,467126,486 367,864 100,203 79,*+lO 96 , 73*+ 66,633 :1-71,389 2,095,535 24, s 6i 560 2,659 1,883 3,878 627 657 3 ,7 1° 5,375 529 2,174 2,051 752 772 50,190 _____377 1,864 700 1,239 363 5H 1^1,927 *+5.878 50,808 43,379 19,280 2,587______ 259____ _ H Z --- ^ 1 --- 680 1,786 66,642 1,890 523 28,978 275 15,119 111 ........._ t e _ 916 236 38,728 491 21,848 494 34,385 ... 2JL55iL. 2.420 9,679 557,162 13.088 444 ,923 1 , 583,892 409,502 431,971 234,156 234,195 Si6,34i 215,907 135,875 218,222 128,35*+ *+18,198 5,331,536 k 10,450 31,015 - _ ~ ~ ~ “ “ “ ” ~ ' Uplftased for trublication Friday tr.orning, July 8, 1921; not earlier. , St.2107cRESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JOLT 6, l^Sl. (In thousands of dollars) L I A B I L I T I E S Total P h ila. Clevel. Biijhoa. Atlanta Chicago St-Louis Minn. Kans.Cy- Dallas ' San Fran, Hew York Boston Federal Reserve Bank 102,103 8 ,6 1 3 1 1 ,0 4 7 5 ,3 2 2 4A097 1M 59 ^ .5 1 2 3,553 M **6 M 2 2 7,325 26,896 7,911 Capital paid in 213,824 1 7 ,5 6 4 2 2 .2 6 3 1 1 ,0 2 6 8 . 70S 30»536 9, l l U 7,303 9.330 7,113 15.207 59,31S 16,3^2 Surplus 42,065 2 ,7 3 7 1 ,6 3 3 1 ,6 7 9 2 ,5 2 ^ 6 ,0 1 1 982 1*335- 1*587 ^ 2 ,. 17,100 2,272 Beserved for Govt, franchise tax Deposits: 7,409 1,923 3,652 856 1,873 6,622 1*623 '1 . 8U4 2 ,6 15 1,867 3^*02U 1,73** 2,006 Government 651 , 7 2 7 1 0 0 , 0 6 513 6,9 91 54,176 43,807 229,515 60,952 ^1,929 71.455 42,312 109,088 1,651,757 1 0 9 ,7 ^ Member hank - reserve account 11,907 1,230 775 H69 355 2,253 T83 605 529__________ 178___ 6 ,3 6 5 -- 27,371 1,122 All other 671,043 103,218 141,418 55.501 46,035 238,390 -63.358 ^ .3 7 8 7 M 9 9 ^ ,5 5 7 117,787 1.713,152 Total deposits 684,615 224,513 254,854 120,202 149,636 454,379 104,739 59,613 78,633 45,398 241,165 2 , 671,916 254,169 F . R. notes in actual circulation F . R- Bank notes in circulation 9 , 43s 17,450 6,370 5.364 14,518 4,362 6,630 133,303 5,606 28,096 9,627 16,133 9,509 net liability 12,977 50,190 25,975 ' 13,087 33>956 21,569 . 26,229 ^38,455 33,828 42,370 93,662 U3.7.11 Uo,90i Deferred availability items 3,126 857 1,242 1,25^ 16,718 992 912 660 ^ U v v ^ ^ 720 J ^ ^ | \ "T ^7 .. 1 __ rr____» _______ v.t-j __•>-*---- ~ 1,133 ~ — ^ \ 1,710 j ' " --- "• '** ..... ——■ ■— 3,162 All other liabilities J5L 444,923 1 , 583,892 409,502 491,971 234,156 23^,195 816,341 215,907 135*875 218,222 128,354 418,198 5 , 331,536 TOTAL LIABILITIES M E M O R A N D A Batio of total reserves to deposit and F ,R . . ^ r -,a a <n u ,0 1 c« o 60.0 note liabilities combined, per cent 7 $-^ 66.8 63-0 65.8 41.8 4 4 .2 5^*0 50*6 38-8 51-^ 39*1 58*2 112,868 Contingent liability as endorser on discounted paper rediscounted with other F . R- Banks - Contingent liability on bills purchased 2,336 for foreign correspondents F . B. notes outstanding F. R. notes held by banks T , S . notes in actual circulation Bills discounted Bills bought in open market U. S. Certificates of indebtedness 19,875 - 11,140 10 ,4.50 ^ 1,^65 832 1,^72 60,9141,152 3,808 864 1,536 FEDERAL RESERVE NOTES OUTSTANDING ABD IN ACTUAL CIRCULATION 833,937 242,295 275,821 126 , 7^ 158*577 ^ 9 1 , 6te 125,056 61,392 86,144 ^ 9 ,0 7 9 295,726 3,01^-,824 268,401 3,681 ^ 4, 561 3^ 2,908 149,322 17,782 20,967 6,5^6 8,9.41 37,269 20,317 1,779 7,51.1.. ........... 14,232 241,165 2 , 671,916 254,169 684,615 224,513 254,854 120,202 149 ,636 ^ , 3 7 9 104,739 59,613 t8 , 633 45,398 DISTRIBUTION OF BILLS AND U. S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 90 days 1 , 049,879 169,610 280,130 223,550 78,19^ 31,136 1,683 6 ,70S 3 .W 19,311 226,426 157,057 U .700 20,959^ 3 9 , ^ 2 4-, 228 40,658 2,560 2,624 1,568 1 ,801,363 Re^e^sed lov publication Friday morning, July 8 , 1921; not earlier. , FEDERAL RESERVE AGEilTS' ACCOtlNTS AT CLOSE OF BUSDCESS JULY 6 , 1921. Federal Reserve Agent at - New york Boston Phil a . (In thousands of dollars) Clevel.. Richm,, Atlanta Chicago St.Louis S t .2107d. Minn. Kans.Cy. Dallas San Fran. Total R E S O U R C E S Federal Reserve notes on hand 88,030 Federal Reserve notes outstanding 268, 1+01 Collateral security for Federal Reserve notes outstanding: Gold and gold certificates 5,600 Gold redemption fund 20,1+1+*+ Gold settlement fund-F.R.Board 155,000 Eligible paper Amount required 87,357 Excess amount held _ 6aJ8JL TOTAL s 631 , 21 2 1 , *+20 *+3,120 20,189 69, 97*+ 2 *+ 2 ,295 275,821 126 , 71+8 158,577 833,937 261,200 286,925 - - 3, *+00 5,^32 23,775 21,373 13,039 16,829 201,000 121,389 145,000 2,023 36,000 51,000 32*+, 639 107,867 -90,217 100.072 U J L _6L_?75, 88,725 is*m 9 8 , 7‘+5 JL P ij 171,140 25,920 *+9 1 , 6*+8 125,056 — 6,110 3,931 15,569 21*+, 6*+*+ 38,531 11,850 61,392 13,052 1,779 5,200 3,580 25,892 27,360 769,675 86, 1 *+*+ *0,079 295,726 3,01*+, 82*+ — 2 , 21+7 31,360 3*+*+,993 18,506 126,558 3,234 12 *+, 356 1 , 126 , 71 !+ 6,131 5,386 261 , 1+35 76,*+S*+ ^i,36l 52,537 3*+, 328 152 , 86*+ 1,^16,559 65 , 40*+ 10,625 _ i l ^ 6 o . 26,943 _25 j 10£L _ 5,06l 2 , 029, 11+6 509.1S3 653,037 229,605 390,i*+5 1 , 219 , 8*+0 286,657 166 , 09*+ 202,811 1*+9,159 623,273 7, 155,769 L I A B I L I T I E S Net amount of Federal Reserve notes received from Comp troller of the Currency 356,^31 1 , 095,137 263,715 31 s ,9^1 1 ^ 6,937 228,551 662, 788150,976 73,242 89, 72 *+ 7^ , 9 7 1 3 2 3 ,0 8 6 3 , 7 8 ^ 9 9 181,01+1+ 93. 71+1+ *+8,572 326,839.. .87,109 20,031 33,607 1^,751 1 ^ 2,862 1 , 593,265 72,821 79 M o 59,1+37 157,925 1.773.005 Collateral received from Federal Reserve Bank: Gold Eligible paper TOTAL 509.298 134,1+28 18 5 , 601+ 38,023 59,832 *42*+. 711 lIl.Ql+O 153.*+92 10*+,6*+5 101,762 230,213 631,219 2 ,029 , 11+6 509,183 658,037 289,605 390 , 1^5 1 , 219 , 81+0 286,657 16 6 ,09*+ 202,811 11+9,159 623,873 7 , 155,76 9
@FedFRASER