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STATEM.ENT FOR TEE PRESS
St.4138.
Released for publi0ation
Friday morning, July 11;
not earlier. I
Federal Reserve Eoard,
July 101 1924,
CONDITION OF FEDERAL RESERVE BANKS
The consolidated statement of condition of the Federal reserve banks on July
9,
1924, made public by the Federal Reserve Board, shows a reduction of $58,300 1 000 in
holdings of discounted bills, partly offset by increases of $15,000,000 in Government se<'.urities and of $5,700,000 in acr.eptanc.es purchased in open market, with the
result that total earning assets show a net decrease of $37, 6oo ,000 for the week,
Federal reserve note circulation Cleelined by $19,300.000, while cash reserves increar~
ed by $25,700,000 and total deposits by $4,4oo,ooo,
Srnaller holdings of di sC'.ounted bills are shown for all reserve banks ex.cept
Dallas, which reports an increase of $2,000,000, a:nd ChiC'·ago, Minneapolis and Kansas
City Which report increases aggregating $700,000. The New York reserve bank reports
a decrease of $39,500,000, Cleveland of $4,600,000, Richmond of $4,500,000, and San
Francisco of $4,100,000, Paper secured by U, s. Goverm1ent obligations declined by
$47,700,000 to $94,6oo,ooo. Of the latter arrJOunt, $8o,6oo,ooo was secured by Liberty
and other U, S. bonds, $13,000,000 by Treasury notes, and $1,000,000 by certificates
of indebtedness.
.
Increases of $4,700,000 and. $2,000,000, respectively, in holdings of acceptances
purchased in the open market are reported by the Easton and New York banks. The remaining banks show relatively small r.hanges in this item, Holdings of Treasury notes
increased by $9,300,000, and of certificates of indebtedness by $6,ooo,ooo, while
holdings of u. s. bonds declined by $300,000, making a net inr.rease of $15,000,000
in total holdings of Government securities. All Federal reserve banks partiC'.ipatecl
in this increase, except Philadelphia and Richnond which show no change in their holdings fi't'.ring .. the waek. The New York bank reports an inc.rea.se of $7 ,000,000 in its
.
holdings of Governrr1ent ser.urities,
Federal reserve note circulation dec.lined by $19,300,000, all reserve banks
reporting a smaller volume of note circ.ulation, ex.r.ep t Cleveland and Minneapolis which
show increases of $4,4oo,ooo and $600,000, respec.tively. The Philadelphia bank re~orts the largest reduction, of $6,100,000, New York reports a re?u.0tion of .
~6 ,aoo,ooo, ·:Easton of $2, 700~000, and Chicago of $2,100,000. Gold reserves l.nC'.reased
by $22,700,000 during the week, Reserves other than gold by $3,000,000, and Nonreserve cash by $5,700,000.
A summary of c-.hanges in the princ.ipal assets and liabilities of the reserve banks
during the week and the year ending July 9, 1924, follows:
Inr.rease or decrease duri nc
Total reserves •
Gold reserves
.. .. ..
...
Total earning assets
Bills discounted, total
.
. ..
Sec.ured by U.S. Government obligations,
Other bills discounted • .
. • ,
Bills bought in open market
I
"
•
•
U, S, Government securities, total •
"Bonds ..
• " .
t
t
..
• • • • . • • • • · •
Treasury notes • • • . . . . .
Certificates of indebtedness
. .
''
Federal Reserve notes in circulation • • •
Total deposits . • . • , , . .
Members' reserve deposits •.
Goverm.tent deposits ••
Other d epo sits . . • . • .
...
w.
Year
Week
+ $25,700,000
+ 22,700,000
-
37.600,000
58,300,000
47,700,000
10,600,000
+ $63,200,000
+ 43,000,000
...
-
312,900,000
535, 6oo ,ooo
325,300,000
210,300,000
5,7CO,OOO
- 127,300,000
+ 15 ,ooo ,ooo
300,000
9,300,000
6,oco,ooo
+ 349,300,000
4,300,000
+ 261,500,000
+ 92,b00,000
19,300,000
+
4,4oo,ooo
+ 20,700,000
13,100,000
3,200,000
- 410,100 ,coo
+ 129 ,200 '('()0
+ 127,800,CO.)
+ 3,4oo,oco
2,000,000
+
+
+
l
l
.l,
l
l
l
I
.
...
Released for publi<-.ation Friday morning, July 11, 1924i not 13arlier.
RESOURCES AND LIABILITIES
OF TI:E TI'VELVE FEDBRAL RESERVE BANKS COMBINED
(In thousands of dollars)
July 91 1924 July 2 1 1924
RESOURCES
Gold with Federal reserve agents
.•
2,099,835
?,126,686
Gold rederr~tion fund with U. S. Treasury.
37,43 3
33,134
Gold .1eld exclusively against
Gold settle~ment fund With F. R.
Gold and gpld certificates held
Total gold reserves .
Reserves other than gold . •
F,R, notes.
Board . .
by banks .
.
.
Total reserves
Non-reserve cash . . . .
Bills discounted:
Ser.. by U. S. Government obligations
Other bills discounted .
.
Total bills discounted ~ .
Bills tought in open market
U. S. Governrr1ent securities:
:Eonds .
.
Treasury hotes . .
.
Certificates of indebtedness .
Total U. S. Goverm1ent ser.uri ties
All other earning assets .
. .
!otal earning assets . .
..
5% Redemption fund - F. R, Bank notes_
.
Unc.oller.ted items • . . .
Bank premises .
. . .
All other resources
TOTAL RESOURCES .
L I AB I L I T I E S
F.R. notes in actual circulation
F. R. Bank notes in c.irr.ulation - net
Deposits:
Member bank - reserve acr.ount
Goverm1ent .
.
Other deposits . .
Total deposits
Deferred availability i terns
Capital paid in .
. .
Surplus . . . . •
All other liabilities .
TOTAL LIABILITIES ,
11, l92j
2,137,268
595, 6o4
410,530
3,143,402
101,904
3,245,306
54,574
2,159,820
577,616
33},219
3,120,655
_98,963
3,219,618
48,809
94,607
216,106
310,713
58,509
142,338
226,663
369,001
52,811
419,930
426,439
846,369
186,284
20,862
330,051
99,587
450,500
1,250
820,972
21,113
320,802
93,573
435,488
1,250
---·
858,550
604,.433
57,907
26,412
4,8C9,6o4
617,800
25,616
68,595
7,027
101,238
25
1,133.916
193
655.976
52,657
12,857
5,113,915
2,036,852
19,151
22,907
2,078,910
531,3?8
111,400
220,915
12,046
:--4.-80--9-,Go4
82.5%
Contingent liability on bills purr.hased
for foreign c.orrespondents
38) 587
Jul.y
2,047, 787
53,483
2,101,270
658,617
340,49?
3,100,379
76,769
----3,177,148
81,168
Ratio of total reserves to deposit and
F. R. note liabilities combined . .
w.
St. 4l3Sa
57' 737
"'
--
25,158
4,827,722
---
1,874,270
2,265,149
1,471
2,016,128
32,203
26,161
2,074,492
535,024
111,407
220,915
11,614
4,827,722
1,909,0C6
15,773
24,933 .
1 ,949, 722
552,512
109,621
218,3t9
81.5%
17 ,!)(l
5,113) 915
75.4%
i RslAsed
for pU:blie.ation Friday morni~g, July 11., 1924; not earlier.
[·
RESOURCES AND LIABILITIES OF T:-!E FEDERAL RESEBVE BANKS AS AT CLOSE OF BU~!ID:'SS, JULY 9, 1924.
'
RESOURCES
(In thousands of dollars)
Cleve. Bi..~h. Atlanta Chit".a.go St.Louis Minn. Kans. Cy.
Boston New York Phila.
Fed.eral Reserve Bank of
Gold With Federal Reserve Agents
209,96o 595,201 192,798 214,517 37,848127,700 279,711 6o,372 57,756 5G,942
6,541 5,316 2,590 2,394 1,633 5,207 3,173 1,201 2,192
3,194
Gold redemption fund with U.S.Treas.
Gold held exelusively against
213,154 601,742 198,114 217,107 4o,242 129,333 284,918 63,545 53,957 59,134
F. R. notes
58,492 151,897 37,130 89,770 36,993 14,919 99,743 35.726 10,463 29,778
Gold. settlement fund wl th F. R.Board
19,687 196;081 34,476 19,039 9,360 8,169 59,212 7,889 9,609 4,099
Gold and gold ~ertif. held by banks
291,333 949,720 269,720 325,916 86,595 152,421 443,373 107,16o 79,029 93,011
Total geld reserves
29,134 3.570 6,075 3,877 11,316 11,667 ll,lo6 1,4o2 3,873
10,053
Iieser:es other than gold.
301,386 978,854 273,290 331,991 90,472 163,737 455.54o 118,266 80,431 96,884
Total reserves
3,411
17 ,66o 1,696 2,530 2,818 4,159 7,316 4,230 1,277 ·2,932
Non-reserve (lash
Bills dis~ounted:
6,323
17,096 16,746 11,791 13,809 2,757 10,620 3,532
Se~. by U. s. Govt. obligati0ns
Til 1,817
16,708 8,277 8,851 34,143 27,097 33,llK> 15,783 13,671 15,927
Other bills dis(\ounted.
5,508
,:·•
11,831
Total bills dist".ounted
33,804 25,023 20,642 47,952 29,854 43,76o 19,315 14,442 17.744
8,164
Bills boug:.'1t in open market
26,332 1,625 3,077
449 1,416 3,052
232 1,069 1,720
U. S. Government securities:
1,202
7,422
541
669
Eonds
157 4,426
549 2,915 1,191
25,288 112,571 23,961 29,922 3,029
Treasury notes
52 45,272 6,843 13,412 21,110
8,296
6 13,522 1,'+77 3,676 5,884
Certificates of indebtedness
34,245 4,421 9.359
905
34,125 148,018 28,931 '-12,196 5,125
Total U. S.. Govt. securities
215 63,220 8,320 24,510 27,663
1·,250
All other earning assets
Total earning assets
54,120 208,154 56,829 65,915 53,526 31,485 110,032 27,867 4<>,021 47,127
uncollected items
54,250 138,421 55,861 54,225 6o,974 24,578 71,594 32,848 13,438 36,217
4,312
15,551 1,110 9,129 2,.528 2, 728 8,264 2,115 2,800 4,595
,': Bank premises
141 5.500 1,423
226
.All
other
resour(\es
8,107
'..
215 1,925
388
79
307
,,
~
<
TOTAL RESOURCES
Dallas San Fran.
Total
28,226 233,804 2,099,835
1,641 2,351
37,433
29,867
6,413
8,706
44,986
6,478
51,464
2,664
241,155 2,137,268
24,280 595,604
34,203 410~530
299,638 3,143,4o2
3.353 101,904
302,991 3,245,306
3,881
54,574
1,713 7,632
15,057 21,944
16,770 29,576
8,015 3,358
94,607
216,106
310,713
58,509
1,780
10
15,820 32., 771
4,856 12,94o
22,456 45.• 721
20,862
330,051
99,587
450,500
1,2!;0
820,972
47,241 78,655
22,381 39,6~6
1,912 2,863
3.930 4,171
Ec~,433
57,907
26,412.
417,558 1,366,747 389,093 464,016 210,533 228,612 653,134185,467 143,467 189,178 129,592 432,207 4,809,6o4
w•
....
_ _ _ _ _ _ __:_;lj
· Released for publication lilriday morning .;.;,.ly 11, :92i+; not earlier.
BEsOURCES AND UAB!LITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, JULY
LIABILITIES
(In thousands of dollars)
!3oston New York Phila.
Federal Reserve Bank of
202,329
, J'. R. notes in actual circulation
Dsposi ts:
Member bank - reserve ac.c.oun t
Governnen.t
Other deposits
Total d.§!J?osi ts
..
'
Deferred availability items
~ital paid in
Sui-plus
Jll other liabilities
Cleve.
808,159 122,318 16o,586
3.976 1,782 1,913
13,833
326 1,470
825,968 124,426 163,969
108,545 49,539 45,696
29,978 10,210 12,655
59:929 19,927 23,691
216
415
1,33'+
919
417,558 1,366,747 389,093 464,016
Batio of total reserves to deposit
and F. R. note liabilit~es
C\omb:i.ned, per cent
88.4
Contingent liability on bills
purchased for forei~
C\Orrespondent s
Atlanta Chicag6.' St.Louis Minn. Kansas. Cy. Dallas San Fran.
Total
34o,993 184,576 217,086 72,228 136,939 253,178 61,156 69,129 64,027 41,025 212,339 1,855,005
137,734
668
143
138,545
52,106
7.972
16.390
TOTAL LIABILITIES.
Rich.
9, 1924.
11,100
3,761
87.1
4,535
62,292 58,033 289,875 74,)81
787 1,830
993 1,559
117
98 1,023
565
6J,4o2 59,690 291,685 76,776
56,46o 17,005 61,372 31,876
5,849 4,578 15,153 5,064
11~672
8,950 30,1.!26 10,072
922 1,450 1,320
523
210,533 228,612 653,134 185,467
66.7
47,328
1,161
341
48,8JO
13,338
3,387
7,484
1,299
143,467
83.3
2,210
11,801 49,685 148,654 2,036,852
19,151
1,222 1,199 2,061
224 4,463
22,907
304
79)333 51,108 155,178 2,078,910
31,239 24,035 ~Q.,1l1 53l,)£8
4,395 4,138. 8,021 1ll,4oO
9,496 7,577 15,301 220,915
12,046
688 1,709 1,251
189,178 129.592 432,?07 4,809t6c4
67.6
1,706 . 5,777
1,900
1,396
1,783
82.4
55.9
1,473
2,946
FEDERAL BESERVE IDTES OUTSTANDING AND IN ACTUAL CIRCULATION .
220,846
18,517
202,329
F. R. notes outstanding
1'. R. notes held by banks
J'. R. notes in actual circulation
638,286 213,345 235,359 81,442 149,719 283,496 71,532 11,916 69,946 49,257 255,608 2,34o,752
297,293 28,769 18,273 9,214 12,780 30,318 10,376 2,787 5,919 8,232 43,269 485,747
34o,993 184,576 217,086 72,228 136,939 253.178 61,156 69,129 64,027 41,025 212,339 1,855,005
DISTRIBUTION OF BILLS AND U. S. CERl'IFICATES OF INDEBTEDNESS BY MATUBITIES
From 91 days
Within 15 days
16 to 30 days 31 to 6o days 61 to 90 days
Over 6 months
to 6 months
142,880
33,118
Bills discounted
Bills boug..'lt in open market
Certificates of indebtedness
34,589
10,4o5
51,289
10,210
43,752
2,834
37,696
1,942
97,163
w....
http://fraser.stlouisfed.org/
•
Federal Reserve
Bank of St. Louis
•
••
--.
---
--
.
- __,.... ___
~-------
-----~
-·_,_._
_______
507
2,424
Total
310,713
58,509
99.587
Released for
pub1icati~l-..
Friday morning, J-:lly 11, 1924j not earlier.
FEDERAL RESERVE AG1.'NTS 1 ACO)UNTS AT CLOSE OF BUS! NESS, JULY 9, 1924.
(In thousands of dollars)
Federal Reserve Agent at
Boston
New York Phila.
Cleve.
Rich.
Atlanta Chicago St. wuis Minn.
Kans. Cy. Dallas San Fran.
Total
RESOURCES
83,400
Fejerc1 Reserve notes on band
Federal :Ueserve notes outstanding 220,846
Co~1atera1 se~urity for Federal
~eserve notes outstanding:
Gold and gold certificates
35.300
16,66o
Gold redemption funo
158,000
Geld fm.d - F. R. Board
Eligi -ole paper 10,886
.Amount reqguired
9,109
Excess amount held
TOT.AL
244,120 46,6oo 56,870 38,725 74,4oo 204~420 26,100 20.711
638,286 213,345 235,359 81 ;442 149 J 719 283,496 7l ,532 71,916
33,153 21,857 65,000 915,356
69,946 49 , 2'""?{ 255,6o8 2,34o,752
2,4oo
12,556
333,604
238,531 13,000 3,780
9,985 13,052
}0,670 12,4o9 12,737 3,553 8,300
6,067
3,887 1,204 3,582 3,170 18,060 120,?99
326,000 167,389 193,000 34~295 117,000 273,644 46,500 43,500 53,360 12,500 220,744 1,645,932
43,085 20,547 20,842 43,594 22,019
16,183 3,072 2,863
4,354 9,237
3, 785 11,160 14,160 13 :Oo4 21,031 16,804
42,684 8,374
6,227 3,801 13,966
903
24o,917
120,773
534,201 1,536,875 476,362 530,451 205,963 383,075 814,096·177,538 165,446 179,272 124,172 590,182 5,717,633
L I AB I L I T I E S
Net amount of Federal Reserve notes
received from Comptroller
of the Currency
304,246
Collateral received from
Federal reserve barik:
Gold
E1igi b1e paper
TOTAL
..
W. for FRASER
Digitized
...
209,960
19,995
882,4o6 259,945 292,229 120,167 224,119
487,916
97,632 92,627 103,099 71,114 320,6o8 3,256,108
595,201 192,798 214,517 37,848 127,700 279,711 60,372 57,756 56,942 28,226 238,804 2,099,835
59,268 23,619 23,705 47,948 31,256
46,469 19,534 15,063 19,231 24,832 30,770 361,690
534,201 1,536,875 476,362 530,451 205,963 383,075 814,096 177,538 165,446179,272 124,172 590,182 5,717,633
-------- ------~~-~- --'------~... ~-~-
--
@FedFRASER