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ajwiiMiwjB in. »> Released f o r p u b l i c a t i o n Friday morning, June 12; not e a r l i e r . STATEMENT TOE THE PRESS St. 4557. Federal Beserve Board, June 11, 1925. CONDITION OF FEDERAL RESERVE BANKS The consolidated statement o f condition o f the Federal r e s e r v e banks on June 10, made p u b l i c by the Federal Reserve Board, shows an increase of $4,800,000 i n holdings o f discounted b i l l s and of $5,700,000 i n Government s e c u r i t i e s , and a decline of $10,000,000 i n holdings o f acceptances purchased i n the open market. Federal reserve note c i r c u l a t i o n declined $15,000,000 while cash r e s e r v e s went up $7,700,000 and non-reserve cash $6,400,000. An increase o f $19,200,000 i n holdings o f discounted b i l l s i s reported by the New York reserve bank, o f $4,000,000 by Chicago, and o f $2,800,000 by San Francises* while the St. Louis bank reports a decrease o f $7,800,000, Boston of $7,600,000, Richmond o f $ 2 , 7 0 0 , 0 0 0 , and Atlanta o f $2,400,000. Acceptance h o l d i n g s f e l l o f f $4,500,000 a t the Federal reserve bank o f Chicago, $3,000,000 at Boston, and $2,400,000 at Kansas C i t y , while the Atlanta bank reports an i n c r e a s e f o r the week o f $3,400,000. The System's holdings o f Treasury n o t e s went up $5,800,000 and o f Treasury c e r t i f i c a t e s $300,000, while h o l d i n g s o f U. S. bonds declined $400,000. The p r i n c i p a l changes i # Inderal reserve note c i r c u l a t i o n during the week comprise an increase o f $3,900,000 reported by the Cleveland bank, and decreases o f $7,700,000 and $ 7 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , by Boston and New York. 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 during the week and the year ending June 10, 1925, f o l l o w s : Increase or decrease during Week , Year Total r e s e r v e s . Gold r e s e r v e s + $7,700,000 + 3,000,000 -$294,200,000 - 333,400,000 + 500,000 + 4,800,000 + 15,100,000 - 10,300,000 + 220,100,000 + 41,100,000 + 91,500,000 - 50,400,000 . . . . . . . . - 10,000,000 + 230,600,000 U, S. Government s e c u r i t i e s , t o t a l Bond s Treasury n o t e s . . . . . . . . . . . . . C e r t i f i c a t e s of indebtedness . + 5,700,000 . 400 ,000 -I* 5 , 8 0 0 , 0 0 0 + 300,000 + - Federal Reserve n o t e s in c i r c u l a t i o n . . . . . - 15,000,000 - 210,800,000 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 . . . . . . . . . . . . . . . + 3,500,000 + 9,200,000 + 5,400,000 - 11,100,000 + 138,700,000 + 124,200,000 + 9,200,000 + 5,300,000 Total earning a s s e t s B i l l s discounted, total 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 * . . 63., 100,000 61,700 ,000 80,000,000 44,800,000 • Bel eased f o r p u b l i c a t i o n Friday morning, June 12, 1925 J not e a r l i e r * S t . 4557®- RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of d o l l a r s ) June 10, 1925 RESOURCES Gold w i t h Federal reserve agents . . . » Gold redemption fund w i t h U.S. Treasury June 3. 1925 i ;• June 11, 1924 1,516,627 65,861 1,504,694 62,312 2,091,061 37>532 1,582,488 1,567,006 2,128,593 637,899 600,706 657,496 593,638 601,165 424,690 2,821,093 2,818,l40 3,154,448 144,159 139*397 105,047 2,965,252 54,963 2,957,537 48,557 3,259,495 55,944 » 222,808 194,326 207,758 204,584 131,263 244,72% . . . . r 417,134 412,342 375,991 B i l l s bought in 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 indebtedness . . • » 274,952 83,900 254,030 21,918 284,954 . 84,338 248,200 21,567 44,38| L 22,190 334,024 66,691 359,848 354,105 422,905 10,500 2,250 10,500 2,250 1>301 1,064,684 1,064,151 844,579 618,656 59,976 23,949 683,820 59,874 23,518 573,457 57,274 27,773 4,787,480 4,837,457 4,818,522 . . 1,659,673 1,674,686 1,870,518 . . . . 2,156,090 44,404 25,112 2,146,921 39,032 36,192 2,031,905 35,172 19,802 2,225,606 2,222,145 2,086,879 554,517 115,527 217,837 14,320 593,749 115,539 217,837 13,501 513,620 111,442 220,915 15,l48 4,787,480 4,837,457 4,818,522 Gold hald e x c l u s i v e l y a g a i n s t F.R.notes Gold s e t t l e m e n t fund w i t h F. R. Board . Gold and gold c e r t i f i c a t e s held by banks Total gold reserves . • . • » Reserves other than gold . . . . . . . . . . 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 Total b i l l s discounted • Total U. S» Government s e c u r i t i e s Foreign loans on gold . . . . . i • A l l other earning a s s e t s . . . . . . . Total earning a s s e t s . . . . Uncollected items . . . . . Bank premises A l l other resources TOTAL RESOURCES . . . . . L I A B I L I T I E S F. R. notes i n 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 . t . » • TOTAL LIABILITIES Ratio of t o t a l reserves t o deposit and F. R. note l i a b i l i t i e s combined . . 76*3$ 75»9% 82.4$ 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 . . . . . 34,034 35,069 39,628 c. Released tor paoixcatiori Frioay morning, u'ane 12, 1325i not e a r l i e r . RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, JUNE 10, 1925. St. *25/0 RESOURCES. ( i n thousands of d o l l a r s ) Federal Reserve Bank of Boston Gold w i t h Federal Reserve Agents 184,948 Gold redemption fund with U.S.Treas. 17,240 Gold held e x c l u s i v e l y a g a i n s t " ' E X i i i Gold"settlement fund with F.R.Board Gold and gold c e r t i f « held by banks 202,188 44,14? 21,834 New York Phila. CI eve# Rich. Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Fran. Total 35b, 243 140,202 180,330 7,906 18,343 4,523 34,701 116,266 135,429 2,736 1,575 4,504 23,738 2,368 53,949 1,096 55,332 l,Sl6 33,231 202,258 1,516,627 1,775 1,979 65,861 364,149 158,545 184,853 3 7,437 117,841 139,933 26,106 55,045 57,148 35,006.204,237 1,582,488 217,314 331,448 22,070 22,099 16,796 115,817 4,230 104,213 7,640 10,438 13,840 7,225 33,710 3,355 42,770 81,705 58,0^4 7,579 7,758 34,515 28,103 637,899 600,706 Total mold reserves Reserves "other than gold 26s,i65 12,701 9 1 2 , 9 H 223,158 304,652 35,094 7,67) 7,824 81,606 138,927 359,469 5,143 16, i4? 1 8 , 6 / 3 44- 184 19,350 76,110 1,312 94,213 4,557 50,343 266,855 2,821,093 9,6li 6,069 144,159 ,' Total reserves Non-reuerve cash 280,866 5,575 948,005 230,831 312,4?6 18,083 1,488 2,6i7 86,75-4 155,074 378,642 3,126 4,644 6,570 63,534 4,220 77,422 1,078 98,770 2,125 59,954 272,924 2,965,252 2,554 2,883 54,963 1 r -'™ 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 1 Bonds Treasury n o t e s C e r t i f i c a t e s of indebtedness s s a s s-is a s ,i:5 a a 20,398 21,217 1,308 4,766 30,202 519 8,736 8,599 20b 10,958 23,253 2,351 10,044 22,640 544 4,847 39,683 5,366 83,900 254,930 21,918 42,323 1,449 35,767 483 17,541 346 36,592 420 33,228 368 49,896 735 359,848 10,500 2,250 51,125 126,198 65,639 43,07b 55,878 * 7 , 3 ) 2 1V%21S 19,929 9,933 13,833 34,537 8,542 60,200 1,456 637 17,244 60 9,533 12,982 5,409 1,780 4,44l 102 3,089 12,706 1,233 17,941 976 2,250 27,911 1,124 6,323 557 17,028 430 76,915 97,209 62,998 4,480 777 70,850 361,596 EE£:„ " 1 'II 274,952 17,944 70,198 2,835 TOTAL RESOURCES 21,731 47,289 583 863 3,034 : 417,134 19,834 Total U.— S. Gov't, ties • —— s e c u r i—— Foreign l e a n s on gold A l l other earning a s s e t s Total earning a s s e t s - 5,920 8,416 32,856 11,475 7,164 11,702 46,185 123 >682 64,881 35,819 '-i s s sag 4,968 20,221 43,967 24,207 31,506 34,087 S:S "5 % ; % ' " I °; 1 " i i I I 4 i 4 , 9 4 6 1,390,566 368,780 474,856 208,582 249,538 598,641 172,164 142,207 199,483 139,065 428,652 4 , 7 8 7 , 4 8 0 Released f o r publ i c at i c n Friday St. 4557c. June 1 2 , - e a r l i e r . RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, JUNE 10, 1925L I A B I L I T I E S ( i n thousands cf d o l l a r s ) Federal Reserve Bank of F. R. notes in actual c i r c u l a t i o n Deposits: Member bank - reserve account Government Other deposits 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 Ratio of t o t a l reserves to deposit and F. E. note l i a b i l i t i e s combined, per c e n t 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 Boston New York F h i l a . 194,620 327,287 156,249 206,938 138,723 830,593 127,913 175,091 4,254 8,451 290 143,267 51,540 8,486 16,382 651 414,946 14,164 853,208 116,143 31,555 58,749 3,624 1,390,566 83.1 80.3 2,530 F. R. notes outstanding F. R. notes held by banks 223,715 29,095 F. R. notes in actual c i r c u l a t i o n 194,620 9,080 64,768 70,003 4,619 3,807 6,434 202 207 1,176 182,701 69,589 74,017 46,490 49,598 24,474 12,968 5,993 4,623 22,462 11,701 887 1,297 316,469 75,920 53,395 86,656 57,746 158,813 2,156,090 44,404 5,856 2,300 939 1,650 1,583 2,943 175 4,889 25,112 1,337 1,392 304 466 323,662 79,612 54,638 88,772 59,504 166,645 2,225,606 69,223 31,781 13,216 33,712 26,950 38,682 554,517 15,547 5,097 3',236 4,326 4,297 8,187 115,527 7,592 15,071 217,837 734 l,4i6 14,320 510 129,991 50,702 11,212 20,059 567 368,780 474,856 208,582 249,538 598,641 172,164 142,207 199,48} 139,065 428,652 4,787,480 80.6 3,179 80.2 61.8 3,658 73.6 1,812 5 % 1£ 1:38 '$ 78.6 1.402 s 4,717 50.9 1,572 66*2 1-128 65*0 74.7 60.3 1,196 1,367 76*3 2,393 34,034 327^287 156^249 206,938 70,814 136,702 157,884 45,139 62,271 63,136 39.988 198,645 1.659,673 DISTRIBUTION OF BILLS AND U. S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES Within 15 days B i l l s discounted B i l l s bought in open market C e r t i f i c a t e s of indebtedness 1,568 Atlanta Chicago St.Louie Minn. JCans.Cy. Dallas San Fran. Total 70,814 136,702 157,884 45,139 62,271 63,136 39,988 198,645 1,659,673 Rich. CI eve. 124 16 t o 30 days as 31 t o 60 days $:;$ 6 l t o 90 days £5 ^o^months 6 m0nth 22,580 44,696 6,477 ® Total 417,134 274,952 21,918 Released f o r p u b l i c a t i o n Friday morning, June 12, 1925; not e a r l i e r . s t . 4557a. FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, JUNE 10, 1925. ( I n thousands of d o l l a r s ) Federal Reserve Agent at Boston New Ycrk Phila. CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total RESOURCES Federal Reserve n o t e s on band Federal Reserve n o t e s outstanding C o l l a t e r a l s e c u r i t y f o r Federal Reserve notes outstanding: Gold and gold c e r t i f i c a t e s Gold redemption fund Gold fund - F. R. Board E l i g i b l e paper Amount required Excess amount held TOTAL LI 78,370 223,715 311,740 37,400 53,000 455,004 190,030 226,642 31,050 l4,898 139,000 186,698 38,767 26,826 6,000 8,780 28,545 12,813 11,550 141,000 121,389 160,000 98,761 77,949 49,828 1,150 46,312 20,736 24,795 6 7 , 2 2 4 263,507 86,165 149,322 168,236 2,000 9,000 3,406 29,295 8,266 4,784 9 9 , 0 0 0 130,645 51,464 4,280 33,056 332 32,807 48,823 24,960 51,148 22,106 65,305 13,075 1,663 13,052 1,897 27,410 27,823 71,525 22,872 70,800 1,004,597 45,273 237,443 1,969,808 9,000 39,000 3,972 51,360 18,011 287,666 2,720 16,469 110,983 12,500 185,789 1,117,978 11,356 13,713 16,193 2,480 12,042 2,278 1,585 35,185 18,305 453,181 215,457 552,626 1,299,697 418,610 527,020 201,405 366,200 6 4 8 , 8 0 2 128,841 166,429 173,353 115,696 563,991 5,162,670 A B I L I T I E S Net amount of Federal Reserve n o t e s received from Comptroller of t h e Cmrreney 302,085 766,744 227,430 279,642 110,960 216,546 431,743 76,108 S7,4n 99,348 68,145 308,243 2,974,405 C o l l a t e r a l received from Federal r e s e r v e bank: Gold E l i g i b l e paper 356,243 140,202 180,330 176,710 50,978 67,048 23,735 28,995 53,949 25,069 55,332 18,673 33,231 202,258 1,516,627 14,320 53,490 671,638 TOTAL 184,948 65,593 34,701 116,266 135,429 55,744 33,388 81,630 552,626 1,299,697 418,610 527,020 201,405 366,200 645,802 128,541 166,429 173,353 115,696 563,991 5 , 1 6 2 , 6 7 0
@FedFRASER