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STATEMENT !OR TEE PRESS st. 4loi Released for publication Friday n:orning,J$ 13; not earlier. Federal Reserve Eoard, Juue 12, 1924. CONDITION OF FEDERAL RESERVE BANKS The c.onsolida.teo staterCJent of condition of the Federal reserve banks on June ll, made public. by the Federal Reserve Board, shows a net der.rease of $11,700 1000 in earning assets, reductions of $25,4oO,OOO in holdings of discounted bills and of $11,300,000 in holdings of acceptances purr.hased in open market being partly offset by an increase of $25,000,000 in GovernrrJent security holdings. Federal reserve note c.irr.ulation declined by $13,500,000, while cash reserves inc.reased by $34,6oO,OOO and total deposits by $45,700,000. All Federal reserve banks report smaller holdings of disr.ounted bills exr.ept Cleveland, whic.h showe an increase of $3,900,000. The San Franc-.isr.o bank report& the largest reduc.tion for the ~eek- $6,700,000, Ric.hu~nd shows a der.1ine of $5,000,000, St. Louis of $4,900,000, and New York of $2,800,000. Paper secured by U, s. Government obligations der.reased by $4,000,000 to $131,300,000. Of the latter a.rr.ount, $101,100,000 was secured by Liberty and other U. s. bonos, $25,200,000 by Treasury notes, and $4,4oo,OOO by ~ertificates of indebtedness. A de~rease of $8,800,000 in holdings of ar.~eptanee& pureha.sed in open market is reported by the New York reserve bank and of $2,000,000 by Boston, the remaining 'banks showing relatively small ehanges in this item, Increases totaling $25,000,CCO are reported in holdings of U. S. Governu.ent ser.urities, all Fedaral Reserve banks showing larger holdings, e.xeept Richoond a..."ld St. Louis whir.h report no c-hange for the week, Federal reserve note cireulation declined by $13,500.000. The Chicago bank shows a deereaQe of $5,200,000 and Boston a der.rease of $5,100,000, while the Cleveland bank shows an inerease of $2,800,000. Gold reserves increased by $29,4oO,OOO, the New York reserve bank showing an inr.rease of $54,900,000 in this item, Reserves other than gold increased by $5,200,000, and Non-reserve r.ash by $6,300,000. A suzrmjary of <.'hanges in the princ--ipal assets and liabilities of the reserve banks during the week and the year ending June 11, 1924, follows: .. .. .. . . .. .. . . Total reserves . • , Gold reserves , , Total earning assets , • • • • ?ills di sc.ounted 1 total • • , • . . . • • Se~ured by U. S, GovernnJent obligations. Other bills discounted •• , . . , • :Bills bought in open market • , Bonds , • . • . , . 41 • • • . . .• • • • • Treasury notes • • • , . • , . Certifir.ates of indebtedness " • .. f • • • Federal reserve notes in circulation •• • + + + ... .. Total deposits • . • . • • • • . • • . , Members' reserve deposits , , • , . , Government deposits • , . • • • , • Other deposits , • . . . . , .....• w, -. . . .. • • U. S. Governn•ent securities, total Inerease or der.rease during tveek Year + $34,600,000 + $32,900.000 + 29,4oO,OOO + 15,200,000 ++ + - 11,700,000 25,400,000 4,000,000 2l,4oo,ooo .. ... - 11,300 ,ooo - 174,300,000 25,000,000 2,100,000 3_7 ,300,000 l4:4oC,OOO + . + 23 3•9oo ; ·.' .~o + 33. 9oo. ~~;~o 13,500,000 - 365, 200. c.:o . 45,700,000 43,100,000 3,300,000 + 130 , 6oo •0\1() + llS,ooo,o.;o + 20 • 900' ..\ '0 8,300,\.\,i) 1,4oo,ooo 240,100,000 ·331,900.000 228,200,000 103' 700,000 264,soo.ooo 3,000,COO St. 410la ., Released for publication Frid~~.r morning, June 15, 192J.t;, RES .. ::'-:~1~S .AND LI.ABILL ~:~S OF THE TV\ELVE FEDERAL RES.ERV ··; BANKS COMBINl!."'D (In thousands of dollars) June 11 1 192i_ June 4, 1924 RESOURCES Gold with Federal reserve agents • • • • Gold redemption fund with U.S. Treasury • Gold held exclusively against ~.R.notes Gold settlement fund with F. R. Board Gold and gold certificates held. by banks Total gold reserves • , • , • • • . • Reserves other than gold • . . • • • .. .. ... Total reserves • . Ncn-reserve cash ·, • • • • • • . • • , • Bills discounted: Sec. by U. S, Government obligations , Other bills discounted • • • • 1 • • 2,137,572 6ol,l~ 593,672 424, 69£ ( _ _193. 648 3,154,45;1~ 3,125,092 105' 04 7 ./ 99 J 82 7 3 t 259 t 502-" 'f;J 55.944 3 f 224 t 919 49,611 3,226,614 73,86o 375.992 44,381 4ol,420 .55,632 707,8 70 218,618 22,190 334,024 66,691 20,098 296,666 25, lll9 100,138 32,813 , • • , , 1 • • 1,301 . Total earning assets • • . . • 5% Redempticn fund - F. R. Bank notes Uncollected ite~s • , • . • • . . • . Bank premises • • • , , • • . , . , . . All other resources • • • . 844,579 856,243 • , • • TOTAL RESOURCES 359,488 348,38~- ~1,126 397,890 _ __!!l01 . 8 7.357 . .. 422,905 ..~. 3' 139,257 135.323 _!66,C97 Total U, 6, Governmant secur1_t_ie!, All other earning assets . . • . . . • . 2,057,611 56,459 2,114,070 678,665 346,522 131,268 244,724 Bonds .. • • • • • • . • • . • • • . • Treasury notes. , o • o Certificates of indebtedness -2, 128,593 "-!/ 2,089,133 48,439 June 13. 1923 .. .. Total bills discounted • • • Bills bought in open market • • • U. S, Government securities: 2,091, 061 37,532 ; ~ 57,274 27,77 3 • 5 73, 797 57,174 26,779 158,100 55 1,084,643 191 689,539 51, 719 14,170 4,818,522 4,. 786,523 5, 140, 736 - 573,45~- 1 - -~ L I AB I L I T I E S F. R. notes in actual c ircu1at ion , F. R. Bank notes in circulation'Deposits: Member bank - reserve account , Government o • , , • • • • , , , Other deposits , • • • • , . • _!ota1 de:QQ!.ll! , • Deferred availability items ~Capital Paid in • • • • . o l Surplus . . . . . . . . . . :All other 1 iabil it ies • , • , • • net • , • • • • . . . • . • • •• , • , ••••• , . . . . • • , • • • • TOTAL LIABILITIES .... 2, 235,755 1,410 2,031.905 35, 172· 19,802 1,988. 047 31,866 21,221 1 '913,6 79 14,323 28,121 2,086,879 513,620 111,442 220,915 _15,148 2,o41,134 516,199 111,456 220;915 14,780 1,956, 323 6o1,040 1<::9. 381 218,369 18,458 4,818,522 4, 788,523 5,140,736 Batie of total reserves to deposit and F. R. note liabilities combined • • • Contingent liability on bills purchased tor foreign correspondents , • • • • • c. 77 .o'% 39' 628 40,118 33,485 Rel.::asec1 fer publico.ticn Friday morning, June 13, 1924; not earlier. St. 4101b. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AS A'I' CLOSE OF BUSINESS, JUNE R E S 0 U R C E S 11. 1924. ~~ (In thcusands of doll__ars) Federal Reserve Bank of Gold with Federal Reserve Agents Gold redemption fund with U.S. Treas. Gold held exclusively against F. R. notes Gold settlement fund with F.R.Board !Gold and gold certif. held by banks I Total gold reserves ~~serves other than gold Total r3s.;;rves Non-reserve cash Bills discounted: Sec. by U. S. Govt. o bl igat ions Other bills d isccunted Total bills discounted Bills bought in open rnarkot U. S. Government securitifs: Bonds Treasury notes Certificates of indebtedness Total U. S. Govt. securities All other ea~ning assets Tctal earning assets \ U*collected iteffis Bcink premises All other resources TOTAL RESOURCES c. Boston 202.515 4,264 New York 635,351 1,962 Phila. Cleve. 184~561 20l,533 6,166 Rich. Atlanta Chicago St. Louis Minn. 206,779 637.313 50,835 197,610 19,107 202,784 276,771 1,037.707 24,831 11,174 190,727 204,906 45,0:}15, 757 38,063 77,457 36,0 18,965 34,422 18,434 8, 220 o.> 7, 4 73 263,212 300,797 89,3187i42,195 4,089 6.650 4,233 11,240 --287,945 1,062,538 267,301 307,447 93,5~153,435 16,120 1,866 3,052 2,628 4,748 3,810 10,121 6,825 16,946 3. 754 542 28,862 5,610 35,014 Kans.Cy. Dallas San Fran. Tctal 41,142 ll3,6sl 279,890 61,736 58,031 55.734 35,56o 221,32f 2,091,061 3,223 37, 532' 3,373 3,927 I 2,016 4,254 4,111 1.614 1,189 1,373 65,847 59,645 56,923 36,933 224,550 2,128,593 24,700 5,493 24,668 4l86g 36,931 6o1, 7,580 9,655 5,424 7.135 30, C)6 424,690 'If 98,127 74, i93 87,015 48,937 291,777 3,154,4554,014 105,047 12,849 1, 555 4,183 6,848 457,195 110,976 76,348 91,198 55,785 295,791 3,259.~~ 9,019 4,112 1,296 2,905 2, 712 3, 616 55.944 284,144 85,510 74,160 443,814 13,381 rr-t- 20,844 20,683 31,719 11,631~~ 7,966 12,451 5.533 584 1, 738 2.130 14,310 9,561 15,526 33.924 31,530 36,858 17,520 14,452 23,499 12,904 . 35.154 30,244 47,245 45.555 39,496 49.309 23,053 15,036 25.237 15,034 84163 4,128 5,814 1,106 3. 610 b,BOO 1, 743 1,305. 1,24o 2,0C9 1,202 549 2,915 83,180 32,824 39,004 18 ,o6o 4,113 8,445 102,442 3 7,486 1,301 50,364 4,426 51,825 10,979 1,191 2,962 972 131 5,125 131 67,230 7,855 1,590 1,780 5, 701 14,036 18,626 19,800 1,265 3,0E# 4,603 3,497 6,966 24,955 24,819 5,868 27,815 131,268 244,724 33,683 4,709 375,992 '4', 3s··J. ....4 9 37,204 6,083 22,190 334,024 66,691 25.077 43.296 ---- 422,905 1,301 55, 7i4 145,759 73,159 10_3,423 51, 786~3-, 4_3, 237 123,339 31,762 41,296 51,296 42,120 81,6-gg 844 ~79' 52,463 127,954 53.383 53,013 49, 7'f!i 24,}28 72,957 30,878 13,289 33,253 22,550 39.607 573,45~1 4,312 15 160 l, 112 9,118 2,528 2, 728 8,264 1,920 2, 781 4.5~5.· 1,912 2,844 57,274 434 420 200 5, 609 9,015 396 334 1,694 l,Ob1 4,428 93 4P~9 27' 713 4o4,337 1,376,546 397,255 476.449 200,59.4 230.170 671,254 179,848 14o.619 184,308 129,507 427,635 4.818,522 , J- J ... ~. Released for publication Friday ~··· ~ morni~, June 13, 1924; not ea:rlier. st. 4l02c. . RESOURCES AND LIABILITIES OF 'fHE FEDERAL R.:::~>-RVE BANKS AT CI.OSE OF BUStlm3S, J'UNE 11, l~P'+• L I A B I L I T I E S r ~- (In thousands of dollars) Federal Reserve Bank of Boston F. R. notes in actual circulation Deposits: Member bank - reserve account Government Other deposits Total deposits Deferr~ availability items Capital paid in Surplus All other liabilities TOTAL LIABILITIES 198,734 New York Phila. F.~ notes outstanding F. R. notes held 1:rf bankS F.R. notes in actual circulation Bills discounted Bills bought in open market U. S. Certificates of indebtedness MUnicipal warrants Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San F~an. 126,531 818,077 3,524 7,315 10,291 175 1.30,230 835,683 50,6o7 106,165 7.974 29.972 16,390 59.929 lK>2 2,181 404,337 1,376,546 l2S,J.29 168.848 59.934 55. 96o 290,726 68,333 1, 792 3.384 2,521 1,866 4,8~5 2,115 84 287 1.451 90 1,1 4 378 130,208 173. 68; 62,539 57,916 296,765 70,826 47,929 46,782 45,881 17,398 62,829 30,533 10,199 12,644 5,838 4,582 15,1~ 5,072 19.927 23,691 11,672 s.sso 30,426 10,072 122 1,391. 1.U5 1.§29 . 1,694 118 397,255 476,~ 2~.594 230,170 671,254 179,848 78 .. 4 ~~-- -~------ 44,399 1,269 320 45,988 13,187 3.390 7,484 1.348 140,619 73,963 48,666 148,339 2,031,905 2,055 1,837 2,599 35,172 5,006 319 257 19,802 76,337 50, 76o 155.944 2,086,879 29,401 23,497 39,411 513,620 4,433 4,155 8,024 111,442 9,496 7.577 15,301 220,915 762 1.710 1.4.9o 15.1~ 184,308 129,507 427,635 4,818,522 66.3 4,67~ 2.278 1,758 5,955 1~958 1,4}8 1,8}8 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION 641,715 212,809 2)8,975 82,2)6 152,081 290,636 ~.896 72,652 76,797 11.294 3,877 6o.. 3 81.4 1,519 51,676 C-49,291 2,36;,666 219,902 21,168 299.09! 24,539 20,723 8,687 12,366 26,255 12,269 3,.430 12,918 9,868 41,826 493,148 198,734 )42,616 188,270 218,252 73,5~ 139.715 264,381 62,627 69,222 63,879 41,808 · 207,465 1,tno,518 DISTRIBUTION OF BILLS, U. S. CERTIFICATES OF INDEBTEDNESS AND }.IJNICIPAL WARRANTS BY MATURITIES Within 15 days 16 to 30 d~s 31 to 60 days 61 to 90 days ~~G ~~n~~s Over 6 months Total 41,214 57,778 37,679 4;,~ 1,806 375,992 12,138 5,125 1,94o 44,381 ;4,435 66,691 944 51 51 c. http://fraser.stlouisfed.org/ Federal Reserve Bank of St.-Louis ----- Total 342,616 188,270 2ut,252 73.549 139,715 264~381 62,627 69,222 63,879 41,808 207,465" 1.B]o•.51S Ratio of total reserves to deposit and F.. ·R. note liabilities combined, per cent Contingent liability on bills purchased for foreign COT'respondents Cleve. --·--- - - - - - - - - - - - ----· -~- --- -- ~---'-~-~'-'--------=--~-~-~ st. u.:ord. · .FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, JUNE 11, 1924. (In thousands of dollars) .J'ederal Reserve Agent at · Boston New York Phil a. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total RESOURCES 96,900 Qeral Reserve notes en h~~d · eral Reserve notes outstanding 219.902 'illateral security for Federal ;~eserve notes outstanaing: ' Gold a~~ gold certificates 35,300 9,215 Go1d·redemption fund 158,000 Gold fund - F. R. Board Eligible paper 17,387 Amount required ·Excess amount held 3,313 ·TOTAL LI A 54o,o17 209,820 26,100 290,636 74,896 22,450 28,093 72.652 76,737 21,512 73,660 954,670 51,676 249,291 2,363,666 2,400 9,985 6,246 3, 251 2.,847 7, 281 3S ' 29 5 104' 000 273,644 48,500 13,052 4,374 1,979 43,000 51, 36o 13,816 335,864 110,243 3)244 17,561 18,500 203,766 1,644,954 255,06o 48,560 59.970 39.305 73,2~ 641,715 212,809 238,975 82,236 152,081 238,531 14,000 8, 780 30,820 10,672 12,753 366,000 159,889 180,000 14,621 21,063 16,116 27,964 272,605 6,364 28,248 37,442 41,094 38,400 10, i46 13,160 1,181 8, 729 132,051 1,226 5,132 31,356 1,033 14,966 4,858 4,435 44,900 10,922 1;569,846 475,a11 552,886 208,635 381,837 835,992 186,814 168,980 186,819 126,045 580,971 5,814,053 BI LI TI ES amount of Federal Reserve notes received from Canptroller Of the Currency 316,802 896,775 261,369 298,945 121,541 225,321 500,456 100,996 95,102. 104,890 73,188 .)22,951 3,318,336 llateral received from Jedera1 reserve bank: · Goid Eligible paper 635.351 184,561 201,533 41,142 113,681 279,890 61,736 37.720 29,281 52,408 45,952 42,835 55,646 24,082. 58,031 55.734 35.56o 221,327 2,091,o61 15,847 26,195 17,297 36,693 404,656 TO'l'AL 202,515 20,700 540,017 1,569,846 475,211 552,886 208,635 381,837 835,992 186.814 168,980 186,819 126,045 580,971 5,814,053
@FedFRASER