The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOE THE PRESS Released f o r p u b l i c a t i o n Friday i;,cmir* ., >July 3J not e a r l i e r . S t . 457o F e d e r a l Reserve Board, July 2, 1925« CONDITION OF FEDERAL RESERVE BANKS The c o n s o l i d a t e d statement of c o n d i t i o n of the F e d e r a l Reserve banks on July 1, made p u b l i c by t h e F e d e r a l Reserve Board., shows an i n c r e a s e of $92,600,000 i n t o t a l earning a s s e t s and of $15, COO,000 i n Federal r e s e r v e n o t e c i r c u l a t i o n , and a d e c r e a s e of $31,900,000 in cash r e s e r v e s • All c l a s s e s of earning a s s e t s show i n c r e a s e s f o r t h e week - discounted- b i l l s by $5^,200,000, acceptances purchased i n open market by $7,400,000, and U. S. Government s e c u r i t i e s by $23,000,000. I n c r e a s e s i n h o l d i n g s of discounted b i l l s a r e reported by a l l Federal Reserve ban v s except San F r a n c i s c o and Cleveland, which show d e c l i n e s of $12,100,000 and $5,900,000, r e s p e c t i v e l y . The p r i n c i p a l i n c r e a s e s were: New York $30,200,000, Chicago $17,100,000, Boston $10,300,000, P h i l a d e l p h i a $7,500,000, and Richmond $6,100,000. The Federal Reserve Bank of New York shows an i n c r e a s e of $11,400,000 in holdings of a c c e p t a n c e s purchased i n open market and Boston a n i n c r e a s e of $2,400,000, w h i l e t h e Minneapolis bank r e p o r t s a d e c r e a s e of $2,600,000, P h i l a d e l p h i a - $2,400,000, and Kansas C i t y - $2,200,000. The System's h o l d i n g s of Treasury notes went up $23,500,000 and of Treasury c e r t i f i c a t e s of indebtedness $9,500,000, while h o l d i n g s of U. S. bonds went down $4,000,000. The p r i n c i p a l changes in Federal r e s e r v e note c i r c u l a t i o n d u r i n g t h e week comprise an i n c r e a s e of $10,200,000 r e p o r t e d by the New York bank, and i n c r e a s e s of $6,000,000 and $2,800,000, r e s p e c t i v e l y , by t h e San F r a n c i s c o and P h i l a d e l p h i a r e s e r v e banks. The statement t h i s week has been reduced t o four pages by t r a n s f e r r i n g to page 4, in somewhat s i m p l i f i e d form, t h e statement of t h e Federal r e s e r v e a g e n t s ' accounts which h e r e t o f o r e has been shown on page 5* A summary of changes i n t h e 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 t h e r e s e r v e banks. • . d u r i n g t h e week and t h e y e a r ending J u l y 1, 1925, f e l l o w s : Increase Waek Total r e s e r v e s Gold r e s e r v e s . . . . . . . . . . . . . or decrease Year during -$31>900,000 - 25.200,000 - $292,600,000 - 335»100,000 + + + + 92,600,000 56,200,000 13,000,000 37»200,000 + + + + 26c,500,000 142,600,000 126,600,000 16,000,000 + 7,400,000 + 196,300,000 U. S. Government s e c u r i t i e s , t o t a l . . Bonds Treasury n o t e s C e r t i f i c a t e s of indebtedness . . . . + 29,000,000 - 4,000,000 + 2 3 , 5 % , 000 + 9,500,000 + - Federal Reserve n o t e s i n c i r c u l a t i o n . . + 18,800,000 - 221,300,000 Total d e p o s i t s . . . . Members' r e s e r v e 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 . . . . . . . . . . . . + 42,000,000 + 58,9^0,000 - 22,300,000 + 6,000,000 + + + 177,900,000 182,500,000 8,900,000 4,300,000 Total e a r n i n g a s s e t s . . . . . . . . . . B i l l s discounted, t o t a l Secured by U.S. Government o b l i g a t i o n s Other b i l l s discounted B i l l s bought i n open market . . . . . 81,900,000 47,100,000 71, 200,000 57,800,000 Released f o r p u b l i c a t i o n Friday morning, July 3, 1925; not e a r l i e r . St. 4576a RESOURCES AND LIABILITIES OF TFE TWELVE FEDERAL RESERVE BANKS COMBINED ( i n thousands of d o l l a r s ) RESOURCES July 1, 1925 June 24, 1925 J u l y 2, 1924 Sold with Federal r e s e r v e agents . . . . Gold redemption fund w i t h U. S. Treasury 1,459,12? 5?,lljl 1,473,117 53,819 2,126,686 33,134 ' Sold held e x c l u s i v e l y a g a i n s t F«R.notes 1,5'17,268 1,526,936 2,159,820 680,503 587,7il 674,499 609,329 577,6l6 353,219 2,785,562 2,810,764 3,120,655 l4l,306 148,049 98,963 2,926,868 2,958,813 3,219,618 47,429 55,739 48,509 268,937 242,688 249,914 205,531 142,338 226,663 511,625 249,090 455,445 241,666 369,001 ' 52,811 72,297 226,083 26,229 21,113 320,802 93,573 Gold s e t t l e m e n t fund with F. R. Board . Gold and gold c e r t i f i c a t e s held by banks T o tal gold r e s e r v e s Reserves o t h e r t h a n gold Total r e s e r v e s Non-reserve cash Bills discounted: Sep. by U. S. Government o b l i g a t i o n s . Other b i l l s discounted Total b i l l s discounted . B i l l s bought i n open market U. S. Government s e c u r i t i e s : Bonds . Treasury n o t e s C e r t i f i c a t e s of i n d e b t e d n e s s . . . . . 68,247 249,551 35,777 Total U. S. Government s e c u r i t i e s F o r e i g n l o a n s on gold All other earning a s s e t s 353,575 10,500 2,250 324,609 10,500 2,250 435,488 1,127,040 1,034,470 858,550 619,112 60,173 21,152 617,800 57,787 25,158 4,749,459 4,827,722 1,653,006 1,634,235 1,874,270 2,198,629 23,330 30,426 2,139,779 46,20? 24,428 2,016,128 32,203 26, l 6 l . 2,210,414 557,073 115,561 21*7,837 14,339 2,074,492 535,024 111,407 220,915 ll,6l4 4,749,459 4,827,722 . Total earning a s s e t s ) Uncollected items Bank premises A l l other r e s o u r c e s . TOTAL RESOURCES 670,084 60,180 ' 21,456'/ 4,853,0^ L I A B I L I T I E S F. E. notes in a c t u a l c i r c u l a t i o n . . . Deposits: Member bank - r e s e r v e account . . . . Government Other d e p o s i t s ' 1,250 ^ Total d e p o s i t s Deferred a v a i l a b i l i t y items C a p i t a l paid i n Surplus All other l i a b i l i t i e s 2,252,385 603,527 115,7©^ 217,837 10,598 TOTAL L I A B I L I T I E S 4,853,057^ Ratio of t o t a l reserves to deposit and F. R. n o t e l i a b i l i t i e s combined . . . 74«9$ 77*0$ 81.5$ Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents . . . . . . 36,971 37,105 38,743 C. j RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JULY 1, 1925. ( i n thousands of d o l l a r s ) Gold with Federal Reserve Agents 150,789 Gold redemption fund with U.S.Treas. 10,439 Gold held exclusively against F. R. notes 161,22s Gold settlement fund with F.R.Board 53,645 Gold and gold c e r t i f . held by banks 24,864 Total gold r e s e r v e s Reserves e t h e r than gold 239,737 12,562 Total reserves Non-reserve cash B i l l s discounted: Secured tgr U.S.Govt, o b l i g a t i o n s Other b i l l s discounted 252,299 5,065 Total b i l l s discounted B i l l s bought i n open market U. S. Government s e c u r i t i e s : Bends Treasury notes C e r t i f i c a t e s cf indebtedness Total U. S. Gov't, s e c u r i t i e s Foreign leans on geld All o t h e r earning a s s e t s Total earning a s s e t s Uncollected items Bank premises All other resources TOTAL RESOURCES New York Phi l a . Cleve. Rich. A t l a n t a Chicago St.Louis Minn. Kans.Qy. Dallas San Fran. Total 356,159 136,339 180,950 30,352 109,579 135,384 23,895 53,252 52,546 26,642 203,240 1,459,127 9,057 1 2,739 3,230 4,006 2,497 5,968 2,006 . 925 3,411 1,810 2,053 58,141 365,216 149,078 184,180 34,358 112,076 141,352 25,901 54,177 917,140 222,186 300,54s 35,178 7,509 7,562 71,033 130,026 360,512 4,972 15,038 18,137 43,495 20,026 82,746 1,391 221,702 53,035 76,238 13,889 13,783 126,973 330,222 20,073 40,130 22,786 4,167 92,187 55,957 28,452 205,293 1,517,268 8,051 21,348 38,360 12,079 4i,4oo 680,503 9,543 7,221 4,136 8,395 24,067 587,791 98,453 49,926 270,760 2,785,562 4,460 9,082 5,389 l4i,306 952,318 229,695 308,110 76,005 145,064 378,649 63,521 84,137 102,913 58,008 276,149 2,926,868 14,658 1,449 2,820 2,392 3,281 6,428 3,4l6 919 2,095 2,294 2,612 47,429 16,894 27,191 44,085 34,982 109,440 41,671 151,111 46,991 560 1,297 5,020 6,877 777 4,912 73,136 8,178 86,226 2,835 26,464 32,234 16,209 3,672 42,580 6,779 980 1,009 717 11,959 18,809 . 16,437 38,359 21,429 28,388 13,832 4,386 6,000 6,009 20,177 45,273 48,671 54,568 25,101 70,968 20,611 5,366 7,009 6,726 32,136 15,099 20,737 9,924 17,935 30,022 11,136 15,766 12,943 12,519 21,036 610 8,746 1,689 20,09s 2,703 8,150 9,571 7,263 2,459 17,207 11,571 11,288 19,118 27,227 7,751 20,293 20,410 36,234 57 9,447 1,196 2,974 544 128 2,784 337 5,048 17,874 29,764 5,569 14,173 42,190 30,474 16,029 32,648 28,010 43,741 976 1,124 430 1,449 557 483 420 346 368 735 OV Boston jr-H RESOURCES S t . 4576b 2,250 268,937 242,688 511,625 249,090 68,247 249,551 35,777 353,575 10,500 2,250 97,648 1,127,040 62,401 173,388 60,676 59,456 53,714 26,225 92,392 30,303 13,492 38,677 20,270 38,490 670,084, 4,190 16,898 1,139 7,573 2,446 2,780-, 5,099 4,551 3,049 4,339 1,833 3,283 60,180% 191 X1Q 7Xo o xahjj 1,318 1 71C 70)1 60 6,150 319 732 2,584/-* 324 485 1,569 4,569 21,45# 3,155 410,736 1,450,575 374,622 478,574 205,907 238,1?^ 631,515 164,819 142,259 201,529 131,597 422,751 4,853,057 ' '" * ^1 » v — » 1 ^ • JI t 53,020 I 47,623 RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BANKS ON JULY 1, 1925. - LIABILITIES • F. E . n o t e s i n a c t u a l c i r c u l a t i o n Deposits: Member bank - r e s e r v e account Government Other: d e p o s i t s Total deposits , ' Total : 1,653,006 1: ™l "II "1 11*1 1 IS IS "S ":g *: 1 "II Deferred a v a i l a b i l i t y items Capital paid in Surplus All other l i a b i l i t i e s TOTAL LIABILITIES Reserve r a t i o (per c e n t ) Contingent l i a b i l i t y on b i l l s p u r chased f o r f o r e i g n c o r r e s p o n d e n t s F . R , n o t e s on hand ( n o t e s re-c'd from F.H. Agent l e s s n o t e s i n . c i r c u l a t i o n ) PPH9HHI 2,198,629 23>33C 30,426 2,252,385 2,71+7 21,044 9,873 3,452 3,972 1,967 1,522 113,823 30,996 21,544 12,875 13,127 W ^ 10,595 5,123 1,708 1,225 1,485 1,299 2,598 36,971 10,717 4,762 4,149 7,847 5,149 36,072 282,105 9b x g g - ^ g 3 0 U . M 2,946^548 1,0.13^ % ' Z i^T.M & 217,837 4,853,05% 74.9 % 5EEERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS F e B e n o t e 3 r e c ' d from Comptroller F# R*notes held by F* H,Agent notes i s ^ a to F.E.bWc C o l l a t e r a l held as s e c u r i t y f o r F . B . n o t e s issued to F.R.Bank: Gold and gold c e r t i f i c a t e s Gold redemption f u n d Gold fund - F. R. Board E l i g i b l e paper Total c o l l a t e r a l st. 4576c ( I n thousands of d o l l a r s ) IB.'g W.'g TolS 1,935,111 32,550 14,239 104^000 79,067 229,856 186,698 5,600 8,780 2,000 9,000 5,579 - 28,461 9,850 12,170 2,057 4,7k) 141,000 120,889 160,000 26,295 95,000 130,644 170,772 52,864 66,797 58,956 42,956 100,837 526,^31 1 8 9 , 2 0 3 2 4 7 , 7 4 7 8 9 , 3 0 8 1 5 2 , 5 3 5 236,221 y. A/-7 13,052 1,200 12,775 2,120 ,3,186 39,000 4 9 , 3 6 0 20,963 19,852 74,215 7 2 , 3 9 8 9,000 31,646 55,541 17,136 - 3,006 15,485 287,591 102,093 6 , 5 0 0 1 8 7 , 7 5 5 1,069,443 19,239 53,103 717,052 4 5 , 8 8 1 256,343 2 , 1 7 6 , 1 7 9 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS Within 15 days B i l l s discounted B i l l s bought i n open market C e r t i f i c a t e s of i n d e b t e d n e s s 381,904 90,113 7,984 %% 16 t o 30 days 31 t o 6o days S:g. 6 l to =» d a y , 19,237 ^ daysjo 2,789 over 6 months 5,767 Total 511,625 249,090 35,777
@FedFRASER