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STATEMENT FOR THE PBESS Released f o r p u b l i c a t i o n Friday morning, July 10; not e a r l i e r . St. 4584 Federal Reserve Board, July 9, 1925. CONDITION OF FEDERAL RESERVE BANKS The consolidated, statement of condition of the Federal reserve banks cn July made p u b l i c by the Federal Reserve Board, shows a d e c l i n e of $61,300,000 in holdings of discounted b i l l s , of $ l 4 , 6 0 0 , 0 0 0 i n Government s e c u r i t i e s , and of $8,400,000 in acceptances purchased i n open market, w i t h the r e s u l t that t o t a l earning a s s e t s went down $84,300,000 t o $ 1 , 0 4 2 , 8 0 0 , 0 0 0 . Federal reserve n o t e c i r c u l a t i o n declined $700,000 and cash r e s e r v e s $ 3 , 1 0 0 , 0 0 0 , while non-reserve cash increased $2,300,000. A l l Federal r e s e r v e banks report smaller holdings of discounted b i l l s , with the exception of San Francisco and Dallas which show i n c r e a s e s of $ 8 , 6 0 0 , 0 0 0 and $1,400,000, r e s p e c t i v e l y . The p r i n c i p a l decreases were: New York $27,300,000, Chicago $16,100,000, Cleveland $6,500,000, Boston $6,300,000, P h i l a d e l p h i a $5,900,000, and Richmond $4,300,000. The Federal Reserve Bank of New York shows a decrease of $8,500,000 in holdinge Of acceptances purchased i n open market, and P h i l a d e l p h i a a d e c l i n e of $2,100,000, while the Boston bank reports an increase of $1,900,000 and Dallas of $1,500,000. The System's holdings of Treasury notes went d own $7,900,000 and of Treasury c e r t i f i c a t e s $7,000,000, while holdings of U. S. bonds increased. $3P0,000. The p r i n c i p a l changes i n Federal reserve note c i r c u l a t i o n during the week comp r i s e a decrease of $4,800,000 reported by the New York bank, $2,900,000 by Boston and $2,700,000 by P h i l a d e l p h i a , and increases of $4^700,000 and $2,900,000, respect i v e l y , reported by the Cleveland and San Francisco banks. A summary of changes i n the p r i n c i p a l a s s e t s and l i a b i l i t i e s of the reserve banks durii% the week and the year ending July 8, 1925, f e l l o w s : Increase Week or decrease during Year Total reserves . Gold reserves - $3,100,000 - $321,600,000 Total earning a s s e t s . . . B i l l s discounted, t o t a l . . . . . Secured by U.S.Govt, o b l i g a t i o n s Other b i l l s discounted . . . . . - 84,300,000 - 61,300,000 - 38,700,000 - 22,600,000 + + + + - + B i l l s bought in open market - . . . U. S. Government s e c u r i t i e s , t c t a l Bond Treasury notes C e r t i f i c a t e s of indebtedness . . Federal Reserve n o t e s in c i r c u l a t i o n Total d e p o s i t s Members' reserve d e p o s i t s Government d e p o s i t s . . . Other d e p o s i t s c. 1,300,000 8,400,000 - - 51,500,000 - 10,000,000 - 3,100,000 221,800,000 139,600,000 135,700,000 "3,900,000 182,200,000 111,500,000 - 14,600,000 + 300,000 - 7,900,000 - 7,000,000 700,000 - 64,600,000 359,100,000 47,700,000 88,300,000 70,900,000 202,700,000 + + 108,800,000 110,200,000 5,900,000 4,500,000 Released f o r p u b l i c a t i o n Friday morning, J u l y 10, 1925; not e a r l i e r . RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( i n thousands of d o l l a r s ) J u l y 8. 1925 July 1, 1925 RESOURCES Gold with Federal reserve agents . . . . 1,461,028 1,459,127 Gold redemption fund with U.S.Treasury . 47,706 58,l4l Gold held e x c l u s i v e l y against F.R.notes Gold settlement fund with F. R. Board . Gold and gold c e r t i f i c a t e s held by banks St. 4584a J u l y 9, 1924 2,099,835 37.^33 1,508,734 678,327 597,200 1,517,268 680,503 587,791 2,137,268 595,604 4l0,530 2,784,261 2,785,562 3,143,402 . 139,493 l4l,306 101,904 Total reserves Non- reserve cash B i l l s discounted: Sec. by U. S. Government o b l i g a t i o n s . Other b i l l s discounted . . . . . . . . 2,923,754 *•6,699 2,926,868 47,429 3,245,306 54,574 230,270 220,061 268,937 242,688 94,607 216,106 450,331 511,625 310,713 240,711 249,090 58,509 241,683 28,722 68,247 249,551 35,777 20,862 330,051 99,587 . 338,961 353,575 450,500 10,500 2,250 10,500 2,250 1,250 1,042,753 1,127,040 820,972 Total gold reserves Reserves other than gold Total b i l l s discounted . . . . . B i l l s bought in open nftrket . . . . . . U. S. Government s e c u r i t i e s : Bonds . . . . Treasury notes . C e r t i f i c a t e s of indebtedness . . . . . Total U. S. Government s e c u r i t i e s Foreign loans on gold . All other earning a s s e t s Total earning a s s e t s . . . . . Uncollected items Bank premises All other resources . . . . . . . . . . . . . . TOTAL RESOURCES L I A B I L I T I E S F. R. notes in actual c i r c u l a t i o n Deposits: Member bank - reserve account Government Other d e p o s i t s . . . . . . . . Total d e p o s i t s Deferred a v a i l a b i l i t y items Capital paid i n Surplus All other l i a b i l i t i e s TOTAL LIABILITIES . . . . 68,556 683,-^58^^ 670,084 0,180 *21,445 604,433 57,907 26,412 4 , 7 8 1 , 4 # r & ^ *4,853,046 4,809,604 1,652,290 1,653,006 1,855,005 2,147,100 13,282 27,366 2,198,629 23,330 30,426 2,036,852 19,151 22,907 2,187,748 596,869 115,617 217,837 11,187 2,252,385 603,527 *115,693 217,837 10,598 2,078,910 531,328 111,400 220,915 12-,046 *4,853,## 4,809,604 60,326 21,618 4,781,48#-' 6 Ratio of t o t a l reserves to deposit and P. R» note l i a b i l i t i e s combined . . • 76.1$ 7^*9$ 82*5$ Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 37*829 3&>971 38,587 Ve •Revised f i g u r e s . RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON" JULY 8, 1925. (In thousands of dollars) St. 4584b R E S O U R C E S Boston New York Phila. CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total Gold with Federal Reserve Agents 14-7,295 356,04? 142,547 180,266 29,114 110,611 135,348 22,66l 53,306 54,109 25,960 203,764 1,461,028 Gold redemption fund with U.S.Treas.13,174 7,974 5,577 2,808 2,205 2,391 4,957 2,425 1,121 1,448 1,911 1,715 47,706 Gold held e x c l u s i v e l y against F. , „E. n o t e s 160,469 364,021 Gold settlement fund with F.R.Board 57,440 223,098 * " 1 '" ' Total gold reserves 241,564 • 923,178 Reserves other than gold 13,874 36,189 Total reserves 255,438 959,367 4,111 Ken-reserve cash 17,179 B i l l s discounted: Secured by U.S.Govt, obligations 15,007 91,634 22,762 Other b i l l s discounted 32,149 Total bills discounted 37,769 123,783 36,886 Bills bought in open market 38,453 Ui S-. Government securities: 4,912 Bonds 559 64,054 Treasury notes 2,395 4,66s 2,256 Certificates of indebtedness 148,124 183,074 31,319 113,002 140,305 25,086 54,427 55,009 69,37 6 21,4-37 l6,10l 113,931 15,540 20,711 1 ^ '"' 7,218 223,751 293,298 75,957 133,567 349,262 50,990 82,356 6,816 7,158 4,619 13,519 17,632 19,559 1,118 230,567 300,456 80,576 147,086 366,894 70,549 83,474 1,404 2,380 2,629 3,787 826 6,356 3,683 22,838 27,755 16,803 €28 29,062 6,698 440 1,075 l , 4 i 4 16,716 16,539 14,462 33,497 21,387 25,838 12,311 4,615 5,779 6,742 23,980 39,377 42,217 50,300 22,215 54,900 19,009 5,055 6,854 8,156 40,696 13,002 21,717 9,750 16,693 30,460 10,647 15,362 12,650 14,022 21,069 610 17,207 57 8,746 11,571 9,547 1,486 1,715 20,217 2,803 4,019 11,293 19,118 27,227 64 1,389 1,744 544 Total earning a s s e t s Uncollected items Bank premises A l l other resources x TOTAL RESOURCES Ue 777 2,835 976 2,250 1,124 557 430 1,449 483 230,270 220,061 450,331 240,711 3,150 9,572 7,327 2,459 7,751 20,293 20,521 36,234 128 2,830 447 5,048 Total U. S. Gov't, s e c u r i t i e s f o r e i g n loans on gold A l l other earning a s s e t s 55,557 27,871 205,479 1,508,734 35,444 10,692 39,548 678,327 3,738 94,739 46,246 269,353 2,784,261 3,880 8,930 6,199 139,493 98,619 55,176 275,552 2,923,754 2,150 2,4i6 2,778 49,699 346 68,556 241,683 28,722 28,295 43,741 338,961 420 368 7 3 5 ^ 10,500 - T 2,250 83,054 236,293 73,479 94,922 66,176 53,735 127,888 60,713 36,792 52,619 50,84i 106,241 1,042,753 63,717 161,244 63,869 63,655 57,036 30,897 85,010 34,596 16,156 42,737 24,611 39, W 683,3#/ 4,190 16,981 1,139 7,573 2,446 2,780 8,099 4,568 3,049 4,386 1,833 3,282 60,326 165 6,083 198 331 775 2,556 1,332 328 3,160 651 1,594 4,445 21,618 410,675 1,397,147 370,656 469,317 209,638 240,841 595,579 174,437 143,457 201,162 136,471 432,169 4,781,48^ 4<^ 1 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JULY 8, 1925. St. 4584c (In thousands of dollars) LIABILITIES Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. Total F. B. notes in actual circulation 131,522 332,978 1 53,208 208,432 70,150 134,912 154,904 44,222 63,952 63,652 39,474 204,884 1,652,290 Deposits: Member bank - reserve account 142,070 826,458 129,007 168,5a 65,57 s 68,138 317,360 78,626 53,034 83,360 57,263 157,685 2,I47,ioo Government 941 3,416 474 549 938 837 1,175 874 465 2,237 564 812 13,282 Other deposits 397 16,244 545 1,788 190 173 1,436 945 299 - 4 33 185 4,731 27,366 Total deposits 143,408 846,118 130,026 170,358 66,706 69,148 319,971 80,445 53,798 86,030 53,012 163,228 2,187,748 Deferred availability items 60,4i4 124,890 55,871 53,645 54,301 22,533 73,239 34,209 i 4 , 0 i i 37,714 26,396 39,50# 596, Capital paid in 8,486 31,604 11,223 12,977 5,996 4,583 15,565 5,103 3,240 4,335 4,314 8,191 115,617 Surplus 16,382 58,749 20,059 22,462 11,701 8,950 30,426 9,971 7,497 8,977 7,592 15,071 217,837 All other l i a b i l i t i e s 463 2,808 269 943 784 715 1,474 487 959 454 683 1,148 11,187 TOTAL LIABILITIES 410,675 1,397,147 370,656 469,317 209,638 240,84i 595,579 174,437 143,457 201,162 136,471 432,166 4,781,4ggv h Reserve ratio (per cent) 78.6 ^79.2 -65.9 - — -74.9 - ail ' 81.4 81.4 58.9 72.1 77.3 56.£ 70.9 56.676.1 Contingent l i a b i l i t y on bills pur2,747 chased for foreign correspondents 10,731 3,452 3,972 1,967 1,522 5,123 1,708 1,225 1,485 1,299 2,598 37,829 F.R.notes on hand (notes rec'd from F.R.Agent less notes in circulation) 19*710 122,292 33,867 16,446 14,188 13,684 9,028 4,548 4,219 6,94i 5,002 34,124 284,049 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS F.E.notes rec'd from Comptroller 290,932 769,890 222,075 274,378 108,333 212,990 430,188 73,730 86,267 99,326 65,74s 303,508 2,937,365 F.R.notes held by F.R.Agent 89,700 314,620 35,000 49,500 23,995 64,394 266,256 24,960 18,096 28,733 21,272 64,500 1,001,026 F.R. notes issued to F.R. bank 201,232 455,270 187,075 224,878 84,338 148,596 163,932 48,770 68,171 70,593 44,476 239,008 1,936,339 Collateral held as security for F.R.notes issued to F.R.Bank: Gold and gold certificates 32,550 186,698 5,600 8,780 2,000 9,000 12,375 13,052 17.136 287,191 Gold redemption fund 10,745 28,349 11,058 11,486 3,819 4,611 4,703 1,286 1,254 4,749 3,324 15,176 100,560 Gold fund - F. R. Board 104,000 l4l,000 125,889 160,000 23,295 97,000 130,645 9,000 39,000 49,360 5,500 188,588 1,073,277 Eligible paper 74,655 139,038 45,454 62,952 57,322 38,843 85,251 29,624 20.303 19,417 22,177 61,174 656,210 Total collateral 221,950 495,085 188,001 243,218 86,436 149,454 220,599 52,285 73,609 73,526 48.137 264,938 2,117,238 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS Within 15 days 16 to 30 days 31 to 60 days 6l to 9° days ^1 days to g months Total , , b months B i l l s discounted 322,798 25,661 4i,464 33,204 26,967 237 450,331 Bills bought in open market 82,609 240,711 54,451 62,894 32,453 8,304 C e r t i f i c a t e s of indebtedness 1,860 19,210 2,629 5,023 28,722
@FedFRASER