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STATSffiie .FOE THE PBSSS
Released for publication
Friday uerning, July 15;
not earlier.
S t. 2121-
'Federal R eserve Board
July l4, 1921*
CONDITION OF FEDERAL RESERVE BA.'KS
Retirement of over $6S,000,000 of Federal reserve notes
and reduction of $ 1 9 , 200,000 of deposit liabilities, as against
a gain of $16,400,000 in cash reserves, are indicated in tne
Federal Reserve Board1s weekly bark statement issued as at close
of business on July 13, 1921*,. *£e banks* reserve ratio shows a
rise for the week from 60 to 61 .b.per cent.
Federal reserve bank holdings of paper secured by Govern
ment obligations show a decrease for the week of $55,^00,0^0,
other discounts - a decrease of J41,800,000, &nd acceptances
bought in open market - a decrease of 4>° jOu^
shown in the total of Pittman certificates held,
e o
Treasury certificates on hand enow an increase of
^r-»>
*1,000,000 of which represents a special “ r u fic a te * 1 ^ , ■
New York Bank. In consequence of -tne ci^nfees notea, to a
ing assets of the Federal reserve banks on July 13 snowed
de
crease of $ 9 5 , 900,000 for the week, and stood at s U b* *ly $2,000,000,000 for the first time since oeptember cx>, Xj
Of the total holdings of *618,*00,000 of paper
United States Government obligations $397, i f ,000,or 0 4 .j. per
cent, were secured by Liberty and other Unitea
$158 '700,000, or 25.6 P « cent, - by Victory
or ,5 per cent, - by Treasury notes, and
'0
00Q
per cent, - by Treasury certificates, compared with $ 4 2 3 , > 0 ,COO,
$16 6 , 500,000, $ 4 , 600,000 and $20,100,000 shown tne weeic De
Discounted bills held by the Boston *»? N«* - ^ a ^ r . e - '
elude ftf.soo.ooo of bills
* ♦ * « ..
apolis and Dallas banks, compared wx
$ *5 *
about ^600 000
■The two former bank* report
S
wiile
rf tv-^r combined accommodation at t^e New Y^r
tJe llilas b 4 snows » increase i n its rediscounts M *
•.osr.cn bank from $ 1 0 , 500,000 to $16,400,000.
tne
i S o s e J 'l a r g e l J of non-members- clearing accounts and cashier^
r»:
S
- { - j r t h d e ^ d fo r ^ r r e n c y
r S r ^ ^ f S ^ .S 'i n ^ d e r a l
the
reserve ba.it note circulation.
■
cc
tnA 4nn non in
was due
The increase of
$lb,400,uuu
m cash
wsj* reserves
*
.
additions of $14,700,000 to ffrld ^ i T e ^ l
$ 1 ’7° ° ’W °
other cash reserves, i . e . , silver and lebals.
Released for publication Friday morning, July 15. 1921; not earlier.
St. 2121a.
RESOURCES AND LIABILITIES
OF TSE 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 - F.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 o t h e r ...............................................
Bills bought in open market . . . . . .
Total bills on hand . . . .
... . . .
U.S. bonds and notes . . . . . . . . . .
U .S . Certificates of indebtednessOne-year certificates (Pittman A ct). .
All other
. . . . . . . . . . . . . .
Total earning assets . . ..............
Bank premises. . . . . .
..........................
5fo Redemption fund against
F. R. Baric notes
•
Uncollected items .......................... . . .
All other resources .................................
TOTAL RESOURCES .............................
L I A B I L I T I E S
Capital paid i n ..................
Surplus .......................... ...
Reserved for Gov’ t, franchise tax . . .
Deposits:
Government . . . . . .
...................... «
Member bank - reserve account . . . .
All o t h e r .................. ... . . '...............
F.R. notes in actual circulation . . . .
F.R. Bark notes in circulation net l i a b i l i t y ........................................
Deferred availability items ..................
All other liabilities
.......................... «
TOTAL LIABILITIES
. . . . . . . .
Ratio of. total reserves to deposit and
F.R. note liabilities combined . . . .
July 13. 1921
352 , j5l
402,248
July 6 ,.1921
33S,957
403,14s
75^.5£9
742,103
1 , 623, 32^
1 , 598,265
137,438
7
2 , 477,806
2,^92
15i:M 5 0
2 , 61+7,594
612 ,784
1 , 085,196
’
153.405
2 , 631,211
674', 3.77'
1 , 126,986
l6£,7&7
393.905
111,5 ,1
674,203
1,152,275
144,343.
1,971.421
147,626
2 , 119,047
1 , 256 , 25s
1,233,290
356.471
2 , 846,619
25,135
31,116
1,729,115
1 , 232,499
36,610
215,2 75
... .12.514
1,999,622
1,999.622
215,875
10,551
25^,375
2,095,535
2 4, s 6i
3 , 167,661
14.698
9,679
557,162
13,088
5 , 288,360
5,331,536
12,400
889,440
..... 5x185
6,208,017
102,090
102,103
213,824
43,1+19
213,824
42,065
10,942
1,655,303
27,746
34 ,024
1,651,757
27 , H i
1 , 713,152
2 , 671,916
1,868,428
50.585
1,930,713
3,135,293
133,303
438,455
16.712
5 , 331,536
189.375
645,782
45,7.7.a
6,208,017
36,052
25,519
10,033
590,294
1,693,991
2 , S03 .S 33
130,556
483,901
-11,146
5 , 288,360
Sl/dfo
60 .0fo
26,860
34.807
14,084
94,730
164,745
11,700
* 43 ,9$
Ratio of gold reserves to F.R« notes
in circulation after setting aside
*4 8 . 7#
76 .0#
78 •$$
3 5 against deposit liabilities . . .
♦Calculated on basis of net deposits and F. R. notes in circulation.
Released for publication Friday morning, July 15, IS 21; not earlier,
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS AT CLOSE OF BUSINESS JULY 13, 1921.
S t . 2121b.
R E S O U R C E S
^
(in thousands of dollars)
Federal Reserve Bank of
Boston New York Phila. Clevel. Ricnm. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran.
Total
Gold and gold certificates
7,877
266, 2l6
1,926
6,182
2,721
4,621 20,565
2,831
8,462
2,184
8,400 20,056
352 , 34l
Gold settlement fund - F.R. Board
46,744
35,332 54,251 56,555 20.224
5,812 90,178 1p,552
7,676 32,326
4,090 32,528
402.248
Total geld held by banks
54,621
301,54s 56,157 62,737 22,945 10,433/111,043 19,383 16,138 34,510 12,490 52,584
754,589
Gold With f . R. Agents
Gold redemption fund
190,824
508,950 l4 *+,876 183,545 35,223
_ I 5 J Q i ____ 20_,p00___ 5,532
5,885 10,295
Total gold reserves
Legal tender notes, silver, etc.
260,752
15,575 . ____ 74,102
Total reserves
276,327
Bills discounted: (a)
Secured by U .S .G o v 't, obligations
36,101
All other
43,808
Bills bought in open market
c ar~
86,718
Total bills on hand
U, S, bonds and notes
555
U« S. Certificates of indebtedness:
One-year certificates (Pittman Act) 18,936
262
All other
Total earning assets
106,471
Bank premises
5$ Redemption fund against
F. R, Bark notes
Uncollect-sd items
All other resources
TOTAL RESOURCES
(a) Includes bills discounted for
other F. R. Banks, viz:
830, 498206 , 565252,167
3,019
6.108
5 9, 007) 231,869 51,233
4.75b 32 , 76q
3.918
21,105
2.lfe
33,330 12,799 150.,560 1 , 623,3 a ^
5.258
5.580
7,187
l l 4 .6 ? T
6 8 ,46l iJ k j. 76 3 75,681 7^,53^ 39,^12 71,098
4.454
7.342 l 6 . 86g 12,752
760
4,227
904,600 209,584 258,275
72,915^81,518 392,549
4o,l72
174,221
250,179
28,904
72,136
7,4l5
24,020
63,233
54,326
55,122
33,055 9^,136
"
~
83,388
87,286
>
34,770 100,4l4 31,133
65 , 103197,398 50,339
432,108 118,981 150,562 102,429 100,821 299 , 730
2,722
843
4,490
1,574
1,233 10,140
52,776
17, 741
26 , 780
103
21,799
28
7,260
5,376
529
2,245
772
1,870
700
56,826
1,239
53,^07
794
1,353
133
5,480
-
36,112
11,568
l
109
288
2,129
363
44,817
70,64s
14,564
505,3^7 1^7 ,*+38 173,232 110,922 125,526 34o, 44i
3,792
81,608
757
M 75
645
2,000
21, S4i
815
72,423
la2o6
9 ^ , 81 7 76,261
627
656
75,325
28 ,809 210,331 2 ,4 92 ,f$4 7
6,471
3,372
35,340 213,703 2,647,594
5,2l4
38,082
618,784
52,631 108,852 1,085^196
' *’
-- ---------- fr
78,366 57,981 149,163 1,729,115
8,868
208
36,098
3,979
2,400
9,880
215,875
1 ---1
.
----- =--- 18.53*+
95,555 64 ,360 159,252 1 ,999,622
8,320
2,889
1,884
560
25,519
916
236
494
275
10,033
1 6 , 259. 42,452 24,156 4 i , 202
590,894
602
..-,.263
492
499,,,, -ioH*tl.... 1,529,
465
1 .^ 8
444,371 1 , 550,446 415,340 489,192 231,748 231,102 813,394 214,384 134,088 217,636 127,919 418,740 5 , 288,360
130,254
2.999
....391 „
56,618
16,445
30,485
-
_
_
_
_
523
30,639
_
_
_
_
_
46,930
Released for publication Friday morning, July 1 5 , 1921; not earlier.
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JULY 13, 1921.
St.2121c.
(In thousands of dollars)
L I A B I L I T I E S
Federal Reserve Bank
Boston New York Phila.
Clevel.
Richm. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San
Capital paid in
Total
26,872
7,911
8,613 11 , 04 ?
5.331
4,097 14,259
4,512
3,543
4%
uliq
7 S '
Surplus
102,090
l6,3>+2
59,318 17,561+ 22,263 11,026
2 ,70S 30,536
9*11^
7,303
9,330
7*113 15*207
Reserved for Govt, franchise tax
213, 821+
2,301
17,529
2,799
1.761
U
735
2,680
8,323
1,046
i.js
i
i
.l
j
j
^ 225
Deposits:
*+3.Ul9
Government
538
276
1,200
1,3^7
37S
1,026
91+5 1,316
Member bank - reserve account
110,389
650,310
All other
1 . 0U6
11.515
Total deposits
,973
662,101 10U.2^0 l^q. 7QK
kc 7KQ 070 7C), ZvTT^;— r.'v.
— y~?-—— rv- ‘ -- 2«°16-- 27,7^6
111,973
F. R. notes in actual circulation
251 , 11+1
65i+,26o
F. R. Bank notes in circulation net liability
9,0ll+
28,326
9,3^5 15,593
5,352
9,167 16,912
6,259
5,35S 1>+,391+ ^.301
Deferred availability items
6,535
^ ,7 7 1
130,556
98,693 i+S,l+87 1+5,711 37,572 16,709 56,213 2 8 ,6Us. 13,000
39,88*+ 23,705 30, 50s
All other liabilities
918
*+83
,901
61+9
3,3i+7
93!
712
3,0CU
, '
1,213
1,21S
1 , 6c
16 , 71+6
TOTAL LIABILITIES
:ls
" I S »■;! >i:i
.,j:g j m
1 22
444,371 1 , 550.446 415,340 489,192 231^ 3 1 , 1 0 2 813,394 2i 4 ,384 1 3 4 W 2 17^ 3 6 127.919 t
ME MO R A N D A
Ratio of total reserves to deposit and F.R
note liabilities combined, per cent
76.1
6S .7
63.9
65.9
U3.0
I+3.I
57.1+
53-2
39-3
51*3
U0.5
Contingent liability as endorser on
discounted paper rediscounted with
other F. R. 3anks
20,000
10,1+85
16 , 1+1+5
Contingent liability on bills purchased
for foreign correspondents
2,336
1+0,176
2,560
2,621+
1,56s
1,152
3,808
1,501+
861+ 1,536
S32
„
7k
RESERVE
NOTES
OUTSTAYING
AMD
i n ACTUAL CIRCULATION
,F. R, notes outstanding
268,581
F. R . notes held by banks
1 7 ,^ 0
* s
* a
^ ■ ^ ^
F* R, notes in actual circulation
251,141
byt.ibo 223,653 252,054 iib,8b4 i43 ,b70 444,363 101,750 58.152
II,h
43,331
DISTRIBUTION OF BILLS AND U. S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES
Within 15 days
l6 to 30 days
31 to 6C days
6l to 90 days
Over 50 days
Bills discounted
981+, 52}
l 60,ll+0
265,996
215,803
77, 5eO
Bills bought in open market
17,225
3,243
2,827
1,830
10
U* S, Certificates of indebtedness
10,065
Moo
28,002
^ ,3 7 6
1 ^+7,268
o . f e ijH s
60.2
61.6
^6,930
1,1+72
60,1+32
3 . - 3 3 . 000.507
S
z .t o i ’s S
Total
1, 703,980
25,135
23i+,4o9
Released fo r p ublication Friday morning, July 15 , 1921; not e a r lie r .
FEDERAL RESERVE AGENTS* ACCOUNTS a t CLOSE OF BUSINESS JULY 1 3 , 1921
Federal Reserve Agent at -
Boston
New York
Phila.
(In thousands of dollars)
Clevel. Hi dm . Atlanta Chicago St.Louis
S t. 2121 d.
Minn. Kans.Cy.
Dallas San Fraa.
Total
R E S O U R C E S
Federal Reserve notes on hand
90,630
Federal Reserve notes outstanding 268,581
Collateral security for Federal
Reserve notes outstanding:
Gold and gold certificates
5,600
Gold redemption fund
15,221+
Gold settlement fund-F.R.Board 170,000
Eligible paper Amount required
77,757
Excess amount held
8,960
TOTAL
259*200 21,420 43,800 21,009 7*+, 154
534,572 21+3,744 273,162 124,787 151,572
171,800
25,120
12,785
60,211
5,180
85,267
26,212
33,360
725 , 1+70
•
286,924
23,775
21,026 16,1+87 ii+,770
201,000 128,389 145,000
-
2,223
33,000
3 , 1+00
4,607
51,000
6,110
1 5 . 221+ 3,292
216 , 61+5 1+1,831
13,052
2,253
2,970
5,200
30,360
3 ^ ,9 9 2
15,984
119 , 091+
2 , 231+ 134,576 1 , 159,235
6,131
98 , 868 89,617 89, 561+ 92,565
39,106 51,937 35,007 142,1+63 1 , 377,186
1,968 60,945 11.139
8 , 21+2
il,0 3 7 26,423 -22^808
4,527
iqq .676
636,752 2.005.533 510.376 651,069 282,522 335 , 51.0 1 , 197,310 zsi.ggp
X 2 ’A 37
J325,622
-77,188
L I A B I L I T I E S
Net amount of Federal Reserve
notes received frcsr. Comp
troller of the Currency
Collateral received frcm
Federal Reserve Bank:
Gold
Eligible paper
TOTAL
359.211 1,093,772 265 , 161* 316.962 1 ^ 6,596 225,726
190,824__ 502. 9 5 0 14 4 , 8 76183,545 35,223 59,007
jfi.,717__ _ 402,810 100,836 150,562 100,703 100,807
665, 76H lUg,93S
72,996
90,1*7
7U.01S 326,383 3 , 785,977
231,869 51,233 21,105 33,330 12,799 150,560 1,623,321
^ , ( iq o i,409 70,143 78.360299,710
57.815 81,409
i 46 qqo 70,143
1 676 78,360 57,815 1^6,990 1,676.862
636,752 2 ,005,532 510,876 651,069 282,522 385, 5^ 1,197>3^3 281,580 164,244 202,137 144,632 623I933 7 I086I160
7 -/
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@FedFRASER