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STATEMENT FOR THE PRESS Released for p u b lica tio n St. 2030 Friday morning,* June 10; Federal Reserve Board not e a r l i e r . June 9, 1921. DONDITIOH OF FEDERAL RESERVE BAMS. Further gains of $22,000,000 in gold reserves and of $23,700,000 in t o t a l cash res erve s, accompanied by an increase of $14,700,000 in deposits and a reduction of $40,b00,000 in Federal Reserve note c i r cu la tio n , are in d icated in the Federal Reserve Board’ s weekly bank statement issued as at close of business on June 8, 1921. The banks' reserve r a t io shows an increase for the week from 57-4 to 5&«3 Per cen^> Reserve bank holdings of b i l l s secured by United States Govern ment o b lig a tio n s show a reduction of $26,900,000, other discounts on hand declined by $3,000,000, while acceptances purchased in open market 'were $7,000,000 l e s s than the week before, A reduction o f $1,500,000 i s shown in Pittman c e r t i f i c a t e s on deposit with the Treasury to secure Federal Reserve bank note c ir c u la t io n , while other Treasury c e r t i f i c a t e s f e l l o f f $4,900,000. Only nominal changes are shown in the holdings of other Government s e c u r it i e s . As the r e s u lt of the above changes, to ta l earning a ss e ts show a reduction for the week of $4-4-,ICO,000, and on June 8 stood at $2,225,600,000, a decline of over $1,000,000,000 since June 11 of the past year. Of the to ta l holdings of $7^7,000,000 of paper secured by U. S, Goverment o b lig a tio n s , $4-83,500,000, or 64.7 per cent, were secured by L ib e rty and other U. S. bonds; $213,500,000, or 28.6 per cent, by V icto ry notes, and $50,000,000, or 0,7 per cent, - by Treasury c e r t i f i c a t e s , compared with $498 , UOO,000, $222 , 900,000 and $52 , 600,000 shown the week before. During the week under review, the Minneapolis Reserve bank was able to redeem $3,800,000 of b i l l s rediscounted with the New York Reserve bank, while the D allas Bank reports a reduction of $3,000,000 in tbs t o ta l of paper rediscounted wi*Ji the Boston Bank, In conse quence of these changes, the amount of paper held by the Boston and New York banks under .discount for the Richmond, Minneapolis and Dallas banks shows a reduction from $31,800,000 to $25,000,000, of which $22,500,000 i s c a rrie d by the New York Bank. Government deposits show a reduction for the week of about $12,000,000, reserve deposits increased by $27 , 500 , 000 , while other deposits, composed l a r g e l y of non-members* clea rin g accounts and c a s h ie r’ s checks, f e l l o f f about $800,000. Following an increase of $ lb ,500,000 for the week ending June 1, the week under review saw a reduction of $40,600,000 in Federal Reserve note c ir c u la tio n , a decline of over 20 per cent below the peak reached on December 23, 1920, and o f about 13 per cent below the to ta l reported on June 11 of l a s t y e a r . Net l i a b i l i t i e s of the banks on Federal Reserve bank notes in c ir c u la tio n shows a further reduction for the week of $2,400,000 to $ l4 l,100,000, compared with $182,400,000 about a year ago. Released for publication Friday morning, June 10, 19 21; not earlier. S t . 2030a. RESOURCES AED LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED. (In thousands of dollars) R E S O U R C E S Cold and gold c e r tific a te s .................. Gold settlement fund - F.R.Board . . - « Gold with foreign agencies . ............... Total gold held by banks . . . . . * Gold with Federal Reserve Agents . . . • Gold redemption fund .............................. Total sold reserves .......................... Legal tender notes, silver, etc. . . . Total reserves ............................. Bills discounted: Sec. by U.S. Government obligations A ll other ............................................ Bill-s bought in open m a r k e t ............... Total bills on h a n d .............. ... U. S. Victory notes , . . ............................. TJ. S. C e r t if ic a t e s of indebtedness: One-year c e r t i f i c a t e s (Pittman Act) All other ............................................ Total earning assets ............... Bank p r e m i s e s ...................... ... 5? Redemption fund against F. R. Bahk notes ................................. Uncollected i t e m s ........................... . All other resources ............................. TOTAL RESOURCES . . . ................. June 8 . 1921 ... 521,539 - S1Q.C15 l,4 6 c , 35s _3u51-j-§99 2 , 430,672 l 6 l , 87k 2 ,5 9 2 ,54“ 747,00b 1 ,1^9,353 . 69,501 1 , 965,860 32,662 23 June 1, 19 21 281,098 504,74-6 785,844 1,477,665 145,144 2,408,653 160,172 2 , 568,825 773,863 1,152,370 11,0 12 June 11, : 168,193 ■431,905 i i L l52L 711,629 1,103,751 149,678 1,965,05s ....U L 5 2 1 2 , 102,591 1 , 440,931 1 , 082,019 . 40-3,S96 2,003,305 32,915 23 2,926,846 26,796 69 225,375 .. 1^.652 2*225,572 226,875 6,6i4 259,375 2 , 269,732 3,233,819 25,842 23 , 497 13,111 10,4^9 541,495 1 C,427 547,094 . lU + 3 2 5,407,386 ... 15*11^ 5,434,689 11,794 771,790 6,864 102 ,Goo 202,036 32,057 102,216 202,036 36,283 20 , 2b1 1,684,075 -30,721 32,353 21,830 1 , 056,531 1,735,057 1 , 720,390 1,869,240 Sl^SOO 1 , 972,570 2,710,723 2,751,299 3 , 112,205 141,05 m- 143,493 182,382 4*7,357 _ 1 LlQ16 ' 5 ,^ 7 ,3 3 6 448,087 IColSS 579,^66 78.942 5 , 434,683 6 , 139,969 20 6,139,969 L I A B I L I T I E S Capital paid i n ..................................... Surplus ................................................... Reserved for G o v 't, franchise tax . . * Deposits: Government............... ... ......................... Member bank - reserve account . . . * All other ............................................... Total deposits ..................................... F. R. Bank notes in circulation net liability . . . . . .................. Deferred availability items ............... All other liabilities .......................... TOTAL LIABILITIES ......................... Ratio of total reserves to deposit and F.R. note liabilities combined . . . * _ii_x456 94,284 120,120 — 5S-3£ 57 . ¥ * 43«O'fo 7 3 .2£ 71-5# *47-5fo Ratio of gold reserves to F.R. notes in c irc u la tio n a f t e r settin g aside 357> against deposit liabilities . . - ♦Calculated on basis of net deposits and notes in circulation. Released for publication Friday morning, June 10 , 192 1 ; not earlierRESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BASKS AT CLOSE OF BUSINESS JUNE 8 , 1921- Boston Federal Reserve Bank of Gold and gold certificates 7.651 31.582 Gold settlement fund - F. R. Board Total gold held by banks 39.233 165,588 Gold with F. R. Agents 33.300 Gold redemption fund 238,121 Total gold reserves l 6 ,*+20 Legal tender notes, silver, etc. 25U,5l+l Total reserves Bills discounted: (a) Secured by U-S.Gov1t obligations 38,107 66,123 All ether Bills bought in open market 12,754 Total bills on hand 1 1 6 , 984 550 U. S. Government bonds 5 U. S- Victory notes U. S. Certificates of indebtedness: One year certificates (Pittman Act) 18,936 302 All other Total earning assets 136,777 Bank premises 3.522 5% Redemption fund against F-R.Bk.notes 772 !+7,084 Uncollected items All other resources 513 TOTAL RESOURCES (a) Includes bills discounted for other F- R- Banks, v iz.; 2,500 St.2030b R E S O U R C E S (In thousands of dollars.) New York Phi la- Clevel. Rician- Atlanta Chicago St-Louis Minn- Kans*Cy.. Dallas 1,880 5.912 2,687 215,593 2,301 2,703 s/oi+7 4,323 19.763 1.96 5 2 , i+74 147,971 US,081 57,940 20,869 11,008 102,697 20, 1+30 9,935 32,363 363,564 49.561 63,852 23,556 15/331 122,460 23.133 18,236 34 , 32s 10,521 1+10 , 5 2 1 1 1 7 , 589193,504 1+0,680 67,105 219,982 52,072 19 , 811+ 33,551 15,627 36,000 8,294 5,262 28,559 3 , 621+ 3,781 7,132 i+,065 5,917 4,657 810,085 17^,682 263,273 72 , 53.0 87.698 371,001 79,862 1+1,674 71,660 30,213 i+,027 86,006 6,236 15.783 12,573 3,312 726 3,302 4,871 5,778 896,091 177,99^ 268,144 76,557 93,934 386,781+ 927435 1+2 , 1+00 74 , 962" 35,991 57,108 / 36,971 38,772 109,303 90,US5 69,151 63,522 202,598 4,219 2,796 5,387 1.135 535.085 159,225 152,980 108,918 103,429 316,120 834 1.005 4 , 1+90 8,581 1,^34 1,233 10 3 226,231 111,280 281, i+49 38,289 9,656 27.405 31,495 49,252 S62 81,309 1 .15 3 26,780 21,799 9,260 14,561+ 36,112 12 , 06s l 801 308 l 58 67 591,366 188 , 21+0 175.931 119.412 126,578 3 567789 94, 588 2,050 528 71+1+ 3,593 627 1,971 5,125 700 1+67 2,178 1,946 1+63 1,239 523 116,578 43,129 1+8,618 1+1,168 21,976 68,033 32,584 3,24l 634 1+21 648 H5 2,299 ■ T” /-■ 1949 ir-1" 819741+1+ 221,405 496,931 239.992 55,276 22,515 San Fran. Total 18,651 297,476 36,189 521 ,539 54,84a 819,01s 124,325 1,1+60,3 ^ 10,708 151.299 189,873 2,430,672 2,840 161,874 192,713 2,592,546 1 1 , 061+ 23,64462,177 57,173 10 , 941+ 52,087 747,006 55,782 113,352 1,149,353 _2 5 80,842 8,867 1 171 69,501 5,391 66,857 170,830 1 , 965,860 424 32,662 3.975 4 23 73.21+1 - 116 8,1+80 27 si, s6i+ 657 31+0 8,320 85 92,115 2,630 516 15,537 44,520 201+ 511 3,400 10,380 225,375 — 2 1 >652 74,276 181,636 2 , 225 ,o 72 1,836 361 27,783 771 559 544 34,485 2,576 23,842 10,449 541,495 13,482 "57^07, 3S£> 25,015 Released for publication Friday morning, June 10, 1921; not earlier, RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUNE, 8, 1921. S t . 2030c. (In thousands of dollars) L I A B I L I T I E S Boston New York Phila. Clevel. Ricbm. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve Bank Total 26,894 8,616 11,046 4,094 14,230 Capital paid in 4,500 7,901 5,403 4,222 7,278 102,066 3,533 4,349 5b,4l4 17,010 20,305 10,561 Surplu s 8,346 6,980 15,711 202,036 8,343 28, 9SO 6,033 14,194 9,159 2 , 0bl 2,389 15,908 1,440 — Reserved for Govt, franchise tax 1,286 1,481 2,012 672 1,215 2,396 *7,197 38,057 Deposits: Government 3,392 1,482 804 1,552 1,681 1,645 3,121 1,764 717 1,091 20, 26l 1,355 1,157 682,686 9 b ,724 137,054 53,216 42,922 233,953 60,919 45,758 70,010 44,585 108,486 1,684,075 Member bank - reserve account 107,757 782 All other 344 2 , 456 658 8,568 30.721 657 693 765 __ . 4.37. 23x199.. -1*131 . 379 109,256 Total deposits 698,037 101,799 138,910 55 ,00s 44,423 239,535 63,059 48,096 72.34S 45,768 118,818 1,735,057 256,525 F, R„ notes in actual circulation 696,928 228,216 263,451 125,345 157,318 454,846 104,963 60,677 31,532 49,191 231,731 2,710,723 F. R. Bank notes in circulation 26,150 11,618 18,021 net liability 6,186 10,439 20,212 11,392 7,164 6,734 5,062 5,980 12,096 l4l,054 86,878 .39,744 40,787 34 ,611 16,349 49,938 31,309 12,981 39,147 28,527 28,528 Deferred availability items 38.55S 447,357 All other liabilities 1,469 1,542 1 ,822 2.78S 31.036 2,215 _l m 1,333 . 3096.. .... .1 x438 . 1x052 .... 4,50b 1*805... TOTAL LIABILITIES 443,339 1 , 614,579 411,225 496,931 239,992 244,4i4 819,444 221,405 l 4 l ,002 221,654 l4l,018 412,513 5,407,386 ME M0 RAND A Ratio of total reserves to deposit and F„R. note liabilities combined, per cent 69.6 64.2 66.6 42.4 46.6 55-0 39.0 48.7 55-0 53-9 55-7 37-9 58.3 Contingent liability as endorser on discounted paper rediscounted with other F. R. Banks . : - Contingent liability on bills purchased for foreign correspondents 2,336 F. R. notes outstanding F. B. notes held by oanks F. R„ notes in actual circulation Bills discounted Bills bought in open market U . S. Certificates of indebtedness 4i ,462 - - 15,000 - - - 7,515 - 2,560 2,624 864 1,568 1,504 1,15 2 3,808 1,536 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION 852,154 248,457 287,121 131,765 164,942 497,697 128,376 62,405 91,088 155,226 20,241 23.670 6,420 _7,624_ 42,851 23,413 1,728 9.556 696,928 228,216 263,451 125,345 15 7 , 31 s 454,846 104,963 60,677 81,532 2,500 832 1,472 25,015 6 l,718 52,780 284,249 3 , 073,599 362, S76 . 3.589 52,518 256,525 49,191 231,731 2,710,723 DISTRIBUTION OF BILLS AND U. S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 90 days Total 1S6,5S6 188,961 294,204 1,150,725 75,883 1,896,359 11,060 69,501 39,353 15,317 3,771 5,400 184,784 11,340 227,026 1,955 22,547 272,565 l6,o4o S t . 2030d. Released for p ublication Friday morning,, June 10, 1921; not e a r lie r . FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OF FJSIKESS JUi\TE 8 , 1921. (In thousands of dollars) Federal Reserve Agent at Boston New York Phil a . C l e v e l - Kicrbfi,. A tlan ta 271,201 21,420 *+i,7a 21,569 70,782 Federal Reserve notes on hand 95,^10 Federal Reserve notes outstanding 272,565 852,154 248, 457 287,121 131,765 164,942 Collateral security for Federal Reserve notes outstanding: 3,500 286,925 23,775 Gold and gold certificates 5,600 2,680 12,200 22,596 4,605 14,729 Gold redemption fund 19,988 59,000 38,000 155,000 101,000 105,389 Gold settlement fund-F.R.Board 140,000 Eligible paper: ^ 441, 633 130,268 93,617 91,085 97,837 Amount required 10o,977 5,555 57,537 13,715 59,033 15,745 Excess amount held 10,007 TOTAL Jhicago St.Louis 169 ,i<00 27,480 497,697 128,376 Minn. Kans.Cy. 11,760 3,580 62,405 91,088 13,052 13,338 6,110 2,631 206,644 43,331 1,562 5,200 277,715 38,375 76,304 M 69 42,591 29,642 Dallas San Fran, Total 27,067 4o j 4o 802,130 52,780 284,249 3 , 073,599 6,131 3,191 30,360 57,537 23,283 3,262 1 5 , 9^5 6 , 23*+ 108,380 •3 ^5,093 116,727 998,538 37,153 159,924 1 , 6 13 , 24l 295 , 7*+7 28 , 93 *+ 9,052 650,547 2 ,033,046 532 , 0^9 674,996 300,844 4o6 , 221 1 , 203,169 289,101 166,212 209,039 161,561 618,290 7 , 245,075 L I A B I L I T I E S Net amount of Federal Reserve notes received from Comp troller of the Currency Collateral received fros* Federal Reserve Bank: Gold Eligible paper TOTAL * 367,975 1 , 123,355 269,877 328,842 153,33*+ 235,724 667,097 155,856 7^,165 9^,668 79,8^7 32*+,989 3,875,729 16 5 , 588 219,982 52,072 19,814 33,551 31b,090 81,173 72,233 80,820 15,627 124,325 1 > 60,358 66,087 168,976 1 ,908,988 u 6 ,9 8 4 410,521 117,589 193,504 40,680 67,105 499,170 144,583 152,650 106,830 103,392 650,547 2 , 033,046 532,049 674,996 300,844 4o6 , 22l 1 , 203,169 289,101 166,212 £$9,039 161,561 618,290 7 , 245,075 STATEMENT FOR THE PRESS Released for publication Friday morning, J-une 17; not earlier. St,205s Federal Reserve Lcard June 16, 1921. CONDITION OF FEDERAL RESERVE BANKS. Aggregate reductions of over $200,000,000 in the bill holdings of the Federal Reserve banks, more than offset, however, by an increase of nearly $ 300, 000,000 in special certificates taken by the banks to cover temporary advances to the Treasury, accompanied by an increase of $194,000,000 in deposits and a further reduction of $36,000,000 in Federal Reserve note circulation, are indicated in the Federal Reserve Board's weekly bank state ment issued as at close of business on June 15, 1921* Government operations on that date included the redemption of over $400,000,000 of tax certificates, the payment of semi-annual interest on First Liberty bonds and on Victory notes, the handling of income and ex cess profits tax payments and the issuance of a series of 3-year Treasury notes and of another series of 1 -year tax certificates, aggregating each over $300, 000, 000. Redemption of Treasury certificates enabled member banks to liquidate considerably their indebtedness to the Federal Reserve Banks. Accordingly loans secured by Government obligations held by the Reserve banks declined by $ 82, 700, 000, while other discounted bills on hand declined by about $106,000,000, Holdings of acceptances purchased in open market fell off $1 6 , 300, 600, while Pittman certificates on deposit with the Treasury to secure Federal Reserve bank note circulation decreased by $3,000,000. All the banks, except that of Minneapolis, report advances to the Government pending receipt of funds from depositary institutions, the total amounting to about $300,000,COO covered by special certificates. In consequence of the above changes total earning assets of the Reserve banks show an increase of $93,200,000 and on June 15 stood at $2,313,800,000, or about 24 per cent below the total reported on June IS of last year. Of the total holdings of $664,300,000 of paper secured by United States Government obligation^,$450, 900,000, or 67.9 per cent were secured by Liberty and other U, S, bonds; $181,300,000, or 27 .3 per cent - by Victory notes; over $31,000,000, or 4 ,7 per cent,- by Treasury certificates and $1,100,000 by newly issued Treasury notes, compared with $483,500,000, $213,500,000 and $50, 000,000 shown the week before. During the week under review, the amount of Federal Reserve inter-bank accommodation increased from $ 25 , 000,000 to $ 37 , 500, 000, of which over $30,000,000 is held by New York for the Richmond and Minneapolis Reserve banks and the remainder by Boston for the Dallas Reserve bank. As against a further reduction of $5,700,000 in Government deposits reserve deposits show an increase of $132,400,000, and other deposits, com posed largely of non-members’ clearing accounts and cashier's checks - an increase of $17,500,000. Federal Reserve note circulation shows a further decline for the week of $36,300,000, the June 15 total of $2,674,400,000 being 21 per cent below the peak figure of December 23, 1920, and $430,400,000, or about 14 per cent, below the total reported on June 18 of last year. Federal Reserve bank net liabilities on Federal reserve bank notes in circulation 3how a decrease of ? 6 ,000,000 to $13 5 . 000,000, compared with $ 183 ,900,000 about a year ago. The banks report a further gain for the week of $14,900,000 of gold, also a gain of $8,200,000 of other reserve cash. Notwithstanding the substantial gains in cash reserves and the reduction in Federal Reserve note circulation, the reserve ratio of the banks, because of the much larger increase in deposit liabilities, shows a decline for the week from 53.3 to 56.8 per cent. Released for publication Friday morning, June 17, 1921; not earlier. St.2058a RESOURCES AND LIABILITIES OF THE CTELTC FEDERAL RESERVE BASKS CQIBimD. (In thousands of dollars) S I S O J E C E S Gold and gold certificates . . . Gold settlement fund - F.R .Board Gold with foredgn agencies . . . Total .^old held by banks . , Gold with Federal Reserve Agent s Gold redemption fund . Total £old reserves Legal tender notes, silver, etc. Total reserves .................. Bills discounted: Sec, by U .S . Government obligations All other ............... Bills bought in open market . . . , . Total bills on h a n d .................. . , U. S, bonds and n o t e s .......................... U. S, Certificates of indebtedness: * . One-year certificates (Pittman Act) All other .................. Total earning assets .................. Bank premises , , . , .......................... 5$ Redemption fund against F, R. Bank notes Uncollected items All other resources ............................. TOTAL RESOURCES ............................. June 15. IQ21 311,017 U56,2ii June 8, 1921 "297"(476 521,539 767,22s 1.550.S17 819,015 1,460,35s _ ! 51 J S 2 . 2 , 430,672 1 6 1 .874 2 , 592,546 2 ,4 4 5 ,5 6 8 170.056 2 , 615 , 62.4 664 ,296 i,oi+3,3S3 __ SiiJQ O 1.760,879 35,066 162,878 400,833 111x521 675,242 1,161,784 ,.J^5o2a5 1,962,321 123*512 2 , 100,900 747,006 1,231,841 1,149,353 ___62^501 1 , 965,860 1 , 064,296 32,685 ..-393.591 2 , 694,728 26,864 222,375 225,375 ____ 1 . 652 2,318,233 214, 41+2 2 , 225,572 259,375 ___ §1 x11,6 3 , 068,683 23,842 13,254 .10,11.6 722,766 10,449 54i , 1+95 ___ 13.482 5,407,336 12,110 -)4E, 863 9 .Ib7 5,707,179 L I A B I L I T I E S Capital paid i n ....................................., 102,150 Surplus ................................................... Reserved for Gov't, franchise tax . . 39,057 Deposits: Government ............................................ 14,597 Member bank - reserve account , . . 1 , 266,455 All other ...................... Total deposits . , ...................... 1,929,227 F.R. notes in actual circulation , , , 2 , 674,435 F.R. Bank notes in circulation net liability ........................................ 135,050 Deferred availability items 594,207 All other liabilities ........... . . . . , _____ 31.011 202,036 _______ 4 TOTAL LIABILITIES . ......................... June IS, 1920 8 0 1 5 5,707,179 Ratio of total reserves to deposit «nd F.R, note liabilities combined . . 56, Si Ratio of j d d reserves to F.R, notes in circulation after setting aside 35$ against deposit liabilities , .■ ■ 72 . 6$ 6,152,977 102,Obo 94,462 202,036 120,120 38,057 20.261 56,256 1,684,075 ___ 20,121 1 , 735,057 2,710,723 1,800,117 ___ Z1 l485 1,533,858 3,104,810 141,054 183,904 633,722 447,357 _ 31^036 5,407,33 82,101 6,152,977 * 4 4 .5 '$> 73.2$ *4Q .4$ ♦Calculated on basis of net deposits and F.R, notes in circulation. Released, fo r publication Friday morning, June 17 , 1921; not e a r lie r . RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OP BUSINESS JUNE 15, 1921 S t .2058b (In thousands of dollars.) R E S O U R C E S Federal Reserve Bank of Boston New York Phila. Clevel. Hielm. Atlanta Chicago S t -Loui s Minn. Kans. Cy- Dallas SciTl I?TVitH Total Gold and gold certificates 7,782 227 >723 2,025 5.985 2 ,710 4,389 2,722 8,344 2,032 8,427 is ,930 19.936 311,017 Gold settlement fund - F. R. Board 30,584 9 9 ,6l4 32,730 46,318 22,679 1 0 ,284 9,312 35,882 H I J±2 *0^)0 106,615 l6 ,4 02 456,211 Total gold held by banks 3 8 , 3 6 6 32T,3^3 34,755 52,303 25,389 14/673 1267551 19,124 17,(356 37,920 1 2 , 158 ' ■"QT.Sgo'" 767,228 Gold with F. R. Agents 179,997 *+60,152 12 S , 223 193,758 37,030 66 , 87*+ 232,097 53,561 21,049 34,074 1 U . 5S0129 , : -550,817 Gold redemption fund IE ,262 36,000 13 ,19 1 5,022 1 1 , 2914. 4,943 15,^89 5 ,069 21583 3,229 3 , 92U_ 8,617 127,523 Total gold reserves 23'6 ,625 823,*+95 1 7 ^ 2 3 5 251,083 73,713 86 , 1+90 374,237 7 7 ,7 5 ^ 417088 75,223 30T 670 192,955 27445 ,568 Legal- tender notes, silver, etc18,464 86,826 5,019 6,894 3,568 5,583 894___ 3,400 6,519 17,536 12,522 170,056 2,831 Total reserves 255,039 910,321 is 1 , 252+ 257,977 77,281 93,009 391,773 90,276 T+1,582 78,623 36,253 z o i 7 m ~ 2 M % m Bills discounted: (a.) Secured by U.S.Gov’ t obligations 196,166 10 ^ ,111 38,346 3O.70U. 38,131 104,924 30,623 37,5^7 7 , 5^4 22,580 10,226 4 V v ,4 66U , 296 All other 53,93** 61,628 54,258 51,604 106,495 1 -0 ^ ,3 2 3 217,935 34,969 93,127 68,788 62,605 191,655 1+6,385 Bills bought in open market 10,051 1 7 ,1 1 1 8 , 1^9 4 ,443 2,993 1,108 4,924 ____372 -25 171 3,853 S3,300 Total bills on hand 431,212 147 ',229 135 ]916 1 0 2 ^ 5 T 01T W + 301,503 777380 101,532 69,172 76^863 62,001 153 , 71+2 i , 760,873 U» S. bonds and notes 4,490 555 3,130 i ,7 3 5+ 844 1,233 8,739 204 8,868 3,979 137 1.153 35> 066 ■tf. Si Certificates of indebtedness: One year certificates (Pittman Act) 18,936 54,276 26,780 21,799 9 >26o 14,564 36,112 11,568 7,980 8,320 2,900 9,880 222,375 All other 18,3Ug 183,000 1 9 ,975 39,003 1,001 2,013 16,915 JL0.139 2,000 8,002 32 79 300,513 Total earning assets 67i, 6is~195,718 197,568 113,979 127,160 359,020 100,240 77,321 9M 30 70,880 171,828 >,318,833 139*371 Bank promises 3,602 528 2,081 2,025 5,126 3,876 2,9*3 627 1,960 559 752 2k. khz 657 5$ Redemption fund against F» R. Barik notes TI2 ^2,063 700 1,239 463 521 1,899 523 175 916 10,176 361 > 544 Uncollected items 59,823 lb l.io i 67,426 68,377 43,104 25 , 0 6 2 10 5 , 81+9 34,138 1 8 , 7 ^ 53,024 25,353 V>4,764 722,766 All other resources 574 M 06 831 999 , 547 748 2,496 9+5 229 542 649 1 5 ,^ 6 ^ TOTAL RESOURCES ^59.231 1.754,635 446,457 528,241 2^3,399 2*+7,252 864,913 226,449 139,109 229,884 135,456 1+32,153 5 , 707,179 (a) Includes bills discounted for other F. R- Banks, viz: 7,408 30,050 37,458 Released for publication Friday mornin^., June 17, 1921; not e a r lie r . RESOURCES A.JD LIABILITIES OF THE FEDERAL RESERVE BAMS AT CLOSE OF BUSINESS JUNE 1 5 , 19 2 1 . (In thousands of dollars) L I A B I L I T I E S Federal Reserve Bade Capital paid in Surplus Reserved for Govt, franchise tax Deposits: Governmen t Member bank: - reserve account Boston New York Phila. 7 ,9 H 15,711 2,115 26,894 8,616 17,0 10 2>97 107 117,907 1/ 119,497 251,032 T otal d ep o sits F. R. n o tes in actu a l c ir c u la tio n F. R. Bank n o te s in c ir c u la tio n 10,856 n et l i a b i l i t y 50,312 D eferred a v a ila b ilit y item s A ll other l i a b i l i t i e s 1,797 459,231 TOTAL LIABILITIES R atio o f to ta l rese r v e s to d ep o sit and F.R. n o te l i a b i l i t i e s combined, per cent 68.8 C ontingent l i a b i l i t y as endorser on d iscou n ted paper red iscou n ted w ith oth er F. R. Banks C ontingent l i a b i l i t y on b i l l s purchased for fo r e ig n correspondents 2,336 F. R. n o tes ou tstanding F. R. n o tes h eld by banks F» R . notes in actual circulation B i l l s discounted B i l l s bought in open market U- S. C e r tific a te s of indebtedness 269,554 18,522 251,032 56> l4 16,358 11,047 20,305 Richm. A tlan ta Chicago St .Louis Minn. Kans.Cy. D a llas San Fran. 5,413 4,095 10 ,56 1 8,3^3 i> 6 i 2,450 1,294 14,3+9 28,980 7,397 4,498 8,346 717 3,550 6,980 1,299 4 ,2 1 8 6,033 *+,355 9,159 1,49 4 . T otal 7,310 102,156 14 ,19 4 202,036 1,975 39,057 1 , 07 s 870 209 1,303 1 65 6 ,0 1 2 . 1 ,070 717 1 ,3 7 1 1,183 512 1^ ,597 789,073 105,406 155,95S 52 , 5^5 4 5 ,16 1 258,537 64,985 42,459 72,281 44,230 117,913 1 , 866,455 7PK 1 QR4 1 74 ______ 5^3 _ 449 4 ,828 . l x S _ 2_... ... 79 s.. I j J Q i 55.1 J L 5 9 5 **8075 813,010 108,663 157,869 54,166 46,480 2&+,082 67,648 44,440 79,59^ 45 , 85s 127 , 9 2 0 1 , 929,227 688,966 226,633 259,509 122,516 154,333 448,997 104,272 59,765 80,216 48 ,213 229,983 2 , 674,435 6,242 4,308 5,314 12,739 135,050 24,335 11,078 17,477 6,172 10,442 19,356 6,731 i a ,580 70,159 57,515 **1.623 20,048 77,197 32,914 16,256 40,818 24,608 ■**1,177 59^,207 2,218 1 . 06l 31,011 1,487 1*505 .1 ,5 0 9 ^,655 . Ij812 . 7 ,07s .... 1,801 . 3,225 2^863. 1,75*+,635 446,457 528 , 24i 243,399 247,252 864,913 226,449 139,109 229,884 135,456 *+32,153 5,707,179 M E MO R A N D A 54--1 60.6 - - 41,450 2,560 61.8 ^3-7 - 20,000 2,624 1,568 46.3 - 54.9 - 1,152 3,808 40.3 52.5 - 49.2 - 10,050 1,504 864 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION 38.5 7 > 08 1,536 832 56 . 4 - 56.8 37 > 58 1,472 61,706 836,448 245,156 283,615 128,515 162,256 496,252 125,765 61,865 2,100 147,482 l.?,521 24,106 . .-.-1,3.21 47,255 - 21^*91 89,611 51,741 279,272 3,030,050 u a s . .. 3,528 49,289 .... 355,615 688,966 226,633 259,509 12 2 ,5 16 154,333 448,997 104,272 80, a 6 59,765 48,213 229,983 2 , 67^,435 DISTRIBUTION OF BILLS AND U . S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 90 days 986,528 186,993 261,852 190,103 82,203 28,520 301,500 10 ,78 1 10,237 3,662 3,9^7 13,130 25,736 / 178,585 Total 1 ,7 0 7,67 9 53,200 522,888 Released for publication Friday morning, June 1 7 , I 92 I; not earlier. • st FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF EUSIImESS JUNE 1 5 , 19 2 1 . (In thousands of dollars) _ Federal Reserve Agent at Federal Reserve notes on xiand Boston. 96,830 269' 55l< New York 271,200 Phil a. 21,420 Clevel. kichm. Atlanta Chicago St.Louis 4-2,640 22,l68 70,237 169 QoO 27 480 Minn. Kans.Cy. 12 815 4 c>80 Dallas San Fran. Total 27 067 40 7Uo ' 807 117 185.765 fc |s 65 s i : 7^1 279:272 3,030:050 6,110 1 7 452 ' 2,020 214,645 45,431 13,052 - 2,797 5,200 3 714 30,360 S36,1AS 2k5’ 15& ?S3,615 128,515 162,256 Reserve notes outstanding: Gold and gold certificates 5,600 Gold redemption fund 14.397 t 0ld ! n ettlement Board 160,000 E l i g i b l e paper: Amount required Excess amount held TOTAL 286,925 23,775 22,227 12,900 14,983 2,030 1 5 1 , 000115,389 155,000 35,000 376 , 2 96116,867 89,857 91,485 „1 1 ,975-- i'L A O o — g^hO4_if2-Ll52___ 8,56c 3,500 4,374 59,000 95,382 264,155 6.457 37 .167 6,131 4 225 20-024 345, 093 121 l4l 4 234 109,324 1 084*583 j^ ^j j 72,204 40,Sl6 55,537 37 , 1 5 3 1 4 9 . 924/ 1 , 479 , 2 3 3 , 4,999 27.29 9 21.317 24,367 1 .<609 211 647,913 1 , 963,202 514,236 655,629 287,764 4oi ,206 1 , 199,631 284,009 1 63,844 205,119 154,916 600^ 5 5 7 , 078 , W52 f,°L r L I A B I L I T I E S Net aincunt of Federal Reserve notes received from Comptroller of the Currency Collateral received from Federal Reserve Bank;Gold Eligible paper # TOTAL 366,384 1,107,648 266,576 326,255 150,683 232,493 666,212 153,245 H^ °'1 5 2 128,289 193,758 37,030 66,874 232,097 395,'+02 119,371 13 5 , bib 100,051 10 1 , 83$___ 301,322 74,680 94,191 78,808 320,012 3,837,187 53,5'6l 21,04o 34,074 77,203 68,115 __ 76,854 l4,5GS 129 / 348 1,550,812/" 6 1 ,520 151/623 1 , 690,#+s 647,913 1 , 963,202 514,236 655,629 287,764 401,206 1 , 199,631 284,009 163 , S4q- 205,119 154,916 60G^ 8 3 7 , 078,^52 ~5~ *
@FedFRASER