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STATEMENT FOR THE PRESS Released for publication Friday morning, June 2; not earlier. St,2S0S. Federal Reserve Board, June 1, 1922. CONDITION OF FEDERAL RESERVE BANKS. Aggregate reductions of $15,3 00 ,0 0 0 in discounted paper, as against increases of $1 2 ,8 00 ,0 0 0 in purchased acceptances and of $ 7 , 200,000 in United States securities, are shown in the Federal Reserve Board’ s weekly bank statement issued as at close of business on May 31, 1922* Gold hold ings of the reserve banks show practically no change for the week, while other cash reserves, i. e ., silver and legals, declined by $4 ,7 0 0,00 0 , All classes of deposits show smaller totals than the week before: members’ reserve deposits - by $4 0 ,7 00 ,0 0 0 , Government deposits - by $6,100,000 and other deposits, composed largely of cashier’ s checks and non-members * clearing accounts, - by about $200,000. Federal reserve note circulation shows an increase of $ 1 3 , 000, 000, and net liabilities of the reserve banks on Federal reserve bank notes in circulation decreased $1,100,000* The reserve ratio, in consequence of the considerable reduction in deposits, shows a further rise from 77*5 to 78 per cent. Shifting of gold credits in the gold settlement fund during the week under review resulted in decreasing the gold reserves of the New York and St, Louis banks by $1 2 ,5 00 ,0 0 0 and $10,100,000, respectively, and the com bined gold reserves of the Boston and San Francisco banks - by $5,4 0 0,00 0 , while the largest increases of gold reserves for the week are reported for the Cleveland, Kansas City and Richmond banks. Holdings of paper secured by Government obligations decreased from $181,100,000 to $17 1,10 0 ,0 0 0. Of the total held $1 33,300,000, or 77.9 per cent, were secured by Liberty and other U. S. bonds, $1 0 ,3 00,000, or 6 per cent, - by Victory notes, $17 ,8 00 ,0 0 0 , or 10,4 per cent, - by Treasury notes, and $ 9 ,7 0 0,00 0 , or 5-7 per cent, - by Treasury certificates, com pared with $141,300,000, $7 ,8 0 0 ,0 0 0 , $1 8 , 900,000 and $ 1 3 , 100,000 reported the week before. A summary of changes in the principal asset and liability items of the reserve banks, as compared with a week and a year ago, follows: Increase or Decrease In millions of dollars since Ma.v 24. IQ 22 June 1. 1921 Total reserves Gold reserves Dec, Dec, 4 ,8 .1 Inc, Inc, Total earning assets Inc, 4 .3 Dec, 1 , 076.6 Discounted b ills , total Secured by TJ. S. Government obligations All other Purchased bills United States securities, total Bonds and notes Pittman certificates Other Treasury certificates Dec. 15.8 Dec. 10.0 Dec. 5*8 Inc. 12 .8 Inc. 7-2 Inc. 3 .7 Dec. 1 ,5 Inc, 5 ,1 Dec. Dec, Dec. Inc. Inc. Inc. Dec. Inc. 561.7 599*0 1,4 5 4.7 602.7 852.0 4 l .l 337.0 211.7 149 .9 275*2 Total deposits Members' reserve deposits Government deposits Other deposits Dec. 4 7 .0 Dec. 4 0 .7 Dec. 6.1 Dec. .2 Inc. Inc. Inc, Inc, 149,8 125.4 22.0 2 ,4 Federal reserve notes in circulation ^ F. R. Bank notes in circulation, net liability Inc, 13*0 Dec. 1.1 Dec. Dec. 6l 0 .1 72.9 Released for publication Friday morning, June 2, 1922; not earlier. St. 2808a. RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED, (In thousands of dollars) R E S O U R C E S May 31. 1922 June 1. 1* 3 2 4 ,?40 Us 6.689 326,412 4 8 2,93 1 281,098 Total gold held by banks . . . 8 1 1 , :429 809,349 785,844 Gold with Federal Reserve Agents Gold redemption fund . . . . . . 2,1 4 0,89 1 2 ,1 4 1 ,1 2 0 .... 3 , 007,621 122 .S 76 57,220 1,4 7 7,66 5 145.144 3 , 007,689 2,4 0 8,65 3 127.564 160,172 3,130,497 3 ,1 3 5,25 3 2 ,5 6 8 ,8 2 5 f Gold and gold certificates . . . . Gold settlement fund - F. R. Board > Mav 24. 1922 Total gold reserves . . . . . \ Legal tender notes, silver, etc. Total reserves 504,746 i B ills discounted: i Sec. by U .S . Government obligations f All other \ Bills bought in open market . . . . 17 1,10 6 181,071 300,384 118,182 ....105*364 773,863 1,1 5 2,37 0 77.072 j 589,672 592,604 2,0 0 3,30 5 244,64s 240,990 32,938 77,000 78,500 281,771 . 21.6*121 226,875 6 . 6l4 1,193,091 1 , 188,815 2,2 6 9,73 2 40,672 40,6 50 23,497 7,580 454,938 20,490 7,605 501,733 20,303 547,094 4 , s 47,268 4 ,894,359 5,434,689 104,729 215,398 104,695 215,398 102,216 202,036 2,236 2,290 36,283 54,295 1,782,004 .,33,854 6o,4o6 1,8 2 2,74 2 34.028 1 , 656,581 _.._31,456 1,870,153 1 ,9 1 7 ,1 7 6 1,7 2 0,39 0 2,1 4 1,18 4 2 , 128,230 2,751,299 70,553 423,217 19,798 71,702 435,114 Total bills on hand ....................... t 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 306,169 10,427 15.114 L I A B I L I T I E S Capital paid in . . . . . . . . Surplus . . . .............................. Reserved for Gov‘t. franchise tax Deposits: Government.................................. Member bank - reserve account All other .................................. Total deposits F.R, notes in actual circulation F.R. Bank notes £n circulation net liability Deferred availability items . . All other liabilities . . . TOTAL LIABILITIES Ratio of total reserves to deposit and F.R, note liabilities combined . . 4 ,8 4 7,26 8 78 . 0$ 32,353 143,493 ..... 448,087 „ .30,885 4 ,8 9 4 ,3 5 9 5,434,689 77.5# 57.4$ Be leased for publication Friday morning, June 2, 1922; not earlier. St.2808b. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MAY 31, IQ22 . (In thousands of dollars) R E S O U R C E S Federal Reserve Bank of Gold and gold certificates nn vvlt/lilclll 1 ■ vs4* nrU l. *_*" J It 3 VjU-LU. bo XPiUn.I1 j'* "D X\* T DUdXU. Total gold held by banks Gold with F, R. Agents Gold redemption fund Boston New York 14,215 O fifSl 36,203 137,600 Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total 215,652 liCUJH v*W| 3,221 £\G JI 1O 7^7 1 3 ,l6 l ll^ "ZiilJ 3^1,719 61,190 59,505 3 ,0 2 6 5,5 0 5 23,769 6 ,515 ~ Z"7 O !A "7T T7 w O OZZA Jl.t J j y . CO , ...J r.f ll H -i-J. 4 0 ,9 8 2 3 1 , 5^5 95,545 8,765 54,448 98,125 357,487 65,929 4,251 1 ,7 6 1 6,968 935 324,740 )I ^ w 'Ji ui?2 811,429 798,785 155,^92 174,596 10,000 4,221 .3,021 13,373 Total gold reserves Phila. Cleve. 187,176 1 ,1 5 0 ,5 0 4 220,903 237,122 Legal tender notes, silver, etc. Total reserves B ills discounted: Secured by U .S.G o vt, obligation All other B ills bought in open market 99,681 13 1,4 3 1 46o,ooo 3 ,9 ^ 7 48,819 33,292 88,187 34,916 4 ,4 7 6 48,605 23,553 27,124 1,233 279 34,850 1 1 ,6 5 1 U. S. Certificates of indebtedness: One-year certificates (Pittman Act)1 5 ,950 38,103 All other 21,000 6,000 6,000 3 ,5 6 0 6,699 8,667 123,185 818 31 53,444 90,183 20,259 58,683 R E S O U R C E S ^3 ,5 5 3 252,288 3 , 007,621 1,9 7 7 65,145 T O T A L 83,960 24,001 87,203 All other resources 19,711 199,582 2 ,140,891 2 .0 5 2 3,482 55.301 66,334 4 ,7 9 2 35,460 Uncollected items 48,96? 1,800 94,689 7,501 21,267 5^ Redemption fund against F. R. Bank notes 30,169 3,457 206,606 1 ,1 7 2 ,5 4 2 227,041 244,622 10 7,182 136,223 476,594 7,500 4 4 ,0 47 Bank premises 2 1 ,7 90 19,060 6,138 8,465 21,367 5,084 Total earning assets 33,193 16,594 22,038 19^.1+30. 20,780 46, l4o U. S.. bonds and notes 31,768 65 , 37^ 96c 4,681 27,916 695 • 2,5 4 2 *2A ~ i 8,316 75,629 15,928 38,945 29,488 10,464 19,917 31,744 15,136. . _ 2 j 2.I8_ 1 ,1 4 7 Total b ills on hand 0 7 )ICO 12,352 24,263 12,325 18,893 10,783 39,387 53,6 12 589,672 7,362 28,299 2,8 16 54,400 244,648 4,000 3,571 13,923 _ 3,^97 4,321 8,856 1,900 250 5,332 277 77,000 281,771 40,672 188 468 711 2,023 257 916 146 279 7,580 ^5,923 41,425 18,277 54,885 2 4 ,l6l 12,036 32,964 19,033 27,413 454,938 IJ80 280 136 1*832 728 1,437 . 2,043 5,435 20,490 40,722 97,503 40,596 665 S 55,729 1,031 539 , U 32,049 2,091 700 5 24,211 4 ,964 931 6 25,978 914 422 3 300,384 118,182 921 2,571 4 2 5 2,921 37,386 9 ,4 2 2 7,468 5 ,H 5 5 6 5 , 8 171,10 6 1,359 2 9 ,9 72 718 1,308 600 , 49,305 259,176 3,1 3 0,49 7 65,687 8,454 l 122^,876 40,837 5,235 6 2 6,888 5 ,7 5 2 6.223 64,c6l 279,993 3 3 7 , 8 49,224 40,301 165,148 9 5 ,5 1 6 131,19^ 83,989 888 ... 20,181 Of") n) I"Z 8,637 TZ i < JJ 4 2 8 , 9 7 3 2 0 5 , 2 5 8 1 9 6 , 7 1 3 7 2 b , b 3 8 1 8 6 , 5 8 3 1 2 1 , 5 1 5 _ .l ^ 7 1 9 5 , 7 6 1 37,015 115,738 1,193,091 1 0 9 , 6 3 3 4 0 9 , 0 7 2 4 , 2 4 7 , 2 6 s Released for publication, Friday morning, June 2 , 1922; not earlier. RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF B U S I N E S S MAY 3 1 , 1922. (in thousands of dollars) L I A B I L I T I E S Federal Reserve Bank Boston New York Phila. Cleve. Rich. Atlanta Chicago St, Louis Minn, Kans.Cy. Dallas Capital paid in 7,981 2 7 ,3 94 11,576 4 ,2 7 0 14,559 3,568 4,694 4,612 4,192 8,979 5,545 Surplus 16,483 11,030 9 ,3 8 8 9 ,1 1 4 29,025 7,468 9 ,6 4 6 60,197 17,945 22,509 7,394 Reserved for Govt, franchise tax 227 340 201 388 1 261 385 333 Deposits: Government 14,942 1,410 8,321 2,890 4,689 4,690 2 ,0 4 4 2 ,1 3 4 2,046 3,875 2 ,9 5 1 103,304 Member bank - reserve account 117,030 720,343 140,833 54,^45 45,482 250,930 67,969 44,791 76,293 43,931 11,618 720 All other 600 ...... 339 142 1,629 .. 253.. ...195 575 .123... A J .5 9 _ Total deposits 119,160 47,811 257,248 73,259 47,176 79,819 46,117 746,903 106,987 145,867 63,125 F. R. notes in actual circulation 149,000 625,246 181,518 198,627 85,771 115,466 365,474 70,732 49,515 57,577 26,256 F. R. Bank notes in circulation net lia b ility 5,508 5,032 5,609 7,883 8,091 16,799 2,770 5,479 3,289 2 ,9 3 1 3,357 82,716 42,818 Deferred availability items 38,44o 9,426 35,128 21,049 43,337 35,565 13,799 48,274 24,297 All other liabilities ■1,092 ..... _..4»24j._ l , 06l ...1,549 .... .906 ....... 833 1,040 3,967 855 835 1,855 33 7,86 2 1,5 6 3,84 2 365,118 428,973 205,258 196,713 726,638 186,583 121,815 195,761 109,633 TOTAL LIABILITIES Ratio of total reserves to deposit and F.R. note lia bilities combined, 7 7 .0 65.8 per cent 8 5 .5 78.7 7 1 .0 72.0 83.4 68.6 65.6 68.1 76.5 Contingent liability on bills purchased for foreign correspondents 2 , 45s " F. R. notes outstanding F. R. notes held by banks F. R. notes in actual circulation 158,137 — 1x121 149,000 13,527 2,672 2,686 1,637 1,540 1,179 3,899 885 1,573 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION 835,813 205,439 214,414 23,921 15,787 625,246 18 1,5 18 198,627 210,567 92,017 120,461 403,942 80,724 52,325 38,468 9,992 2,8 1 0 85,771 115,4 66 365,474 70,732 49,515 6,246 4 ,9 9 5 69,403 11,826 57,577 st.asosc. San Fran. 7 ,3 5 9 15,199 100 Total 104,729 215,39S 2,236 4,303 116,553 15,325 5^,295 1 : ,7 8 2 ,0 0 4 33,854 136,681 2 16 , 00a : 1,870,153 j 3 ,8 0 5 70,553 28,368 423,217 1,558 19,798 1 ,847,268 4 409,072 852 78.0 73-5 1,507 29,219 249,916 3 4 ,395' 33,9 14 2 , 511,810 370,626 26,256 216,002 2 ,1 4 1 ,1 5 4 2,963 DISTRIBUTION OF BILLS AND U. S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES B ills discounted B ills bought in open market U. S. Certificates of indebtedness /* Within 15 days 253,849 47,714 74,249 l 6 to 30 days 47,831 20,122 500 31 to 60 days 72,833 26,565 4,679 6 l to 90 days 45,929 19,106 35,160 Over 90 days 51,048 4,675 244*183 Total 471,490 118,182 358,771 Released for publication Friday morning, June 2, 1922; not earlier. St.230Sd. FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS MAY 31, 1922. (In thousands of dollars) Federal Reserve Agent at Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Loui s Minn. Kans.Gy, R E S O U R C E S Federal Reserve notes on hand Federal Reserve notes outstanding Collateral security for Federal Reserve notes outstanding: Gold and gold certificates Gold redemption fund Gold fund - F. R. Board Eligible paper Amount required Excess amount held TOTAL 111,550 158,137 276,830 45,720 31,920 835,813 205,439 214,414 29,190 65,084 90,340 92,017 120,461 403,942 26,250 80,724 11,655 52,325 5,300 14,300 118,000 13,275 356,925 40,860 14,103 11,32 1 401,000 141,389 150,000 3,653 50,795 2,400 5,725 14,842 90,000 342,645 8,760 4,869 52,300 37,569 10,222 22,336 10,779 46,455 4l,6l4 14,795 20,042 13,052 3,607 1,117 16,000 45,360 _\ 22 , 1 5 6 ; 20,436 3,765 20,537 14,923 37,028 43,14S 49,947 2,991 39,818 18,734 - 19,900 69,403 7,7 0 1 2 ,0 1 0 15,0 21 - 407,413 131,428 9,508 -2,541 50,334 5,067 370,919/ 195-1-158 442,747 1,991,604 459,589 479,482 223,446 316,785 939,838 207,740 1177637 '.162,471 100,374 565,829 6 , 0077542* 9. 7SH 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 from Federal Reserve Bank: Gold Eligible paper \ ir tom 269,687 31,112,643 251,159 246,334 121,207 185,545 494,282 106,974 63,980 89,303 j \jPO \ 137,600 35,460 798,785 155,492 174,596 80,176 52,938 58,552 54,448 47,791 98,125 357,487 3 3 ,H 5 88,069 65,929 34,837 30,169 23^488 48,967 24,201 4s,6l4 310,846 3,300,574 %, i1* 1 1 9 ,7 U 199,582 2 ,l 4o,S 9li 32,049 55,401 5 SByOff 1*1*2,71*7 1 ,991, 6c* 1*59,589 1*79, 1*82 223,1*1*6 316,785 939.833 207, 7>*0 117,637 162,1*71 100, 371* 565,829 6 , 007,^ 1*2_____________________________________________ / 75V STATEMENT IDE THE PRESS St.2S2U, Federal Reserve Board, June 8, 1922 . Released, for publication Friday morning, June 9; not earlier. CONDITION OF FEDERAL RESERVE BANKS. Farther reduction of $5 1 ,2 0 0 ,0 0 0 in discounted b ills , as a g a i n s t increases of $1 8,000,000 in purchased acceptances and of $l*+,l+00,000 in United States se curities, are indicated in the Federal Reserve Board«s weekly bank statement issued as at close of business on June 7> 1922* Cash reserves of the r^ S0^ e banks show an addition of $ 3 , 600, 000, of which $ 2 , 500,000 represents a fur er gain of gold. Members1 reserve deposits increased by $ 4 2 ,COO,0 00, while govern ment deposits show a decline for the week of $lM-,700,000 and other deposits, composed largely of cashier's checks and nonmembers1 clearing accounts - a de cline of about $ 5 0 0,00 0 , Federal reserve note circulation shows a nominal in crease, substantial additions to note circulation reported by the Boston and San Francisco banks being counterbalanced by reductions in note circulation shown mainly for the New York, Philadelphia and Cleveland banks. Net lia b ilities of the reserve banks on Federal reserve bank notes in circulation increased by $1 ,3 0 0 ,0 0 0 . The reserve ratio, inconsequence of the substantial increase in eposit lia b ilitie s, shows a decline from 78 to 77*6 per cent. Interbank shifting of gold credits in the gold settlement fund, especially in connection with payments for the $ 200, 000,000 of tax certificates of the June 1 series, accounts largely for the increase of $2 1 ,5 00 ,0 0 0 in gold reserves of the New York bank. Snaller increases in gold reserves, aggregating over $20,000,000, are also shown for the Atlanta, St. Louis, Chicago, Richmond, San Francisco and Dallas banka. Boston and Cleveland report the largest decreases of gold reserves for the week, by $ l 6 ,400,000 and $ 10 , 000,000 respectively, while smaller decreases, totaling $ 1 2 , 600, 000, are shown for the remaining thiee reserve banks. Holdings of paper secured by Government Obligations decreased from $171,100,000 to $1 4 8 ,9 0 0 ,0 0 0 . Of the total held, $1 2 2,30 0 ,0 0 0 or 82 .1 per cent, were secured by Liberty and other U. S. bonds, $ 7 ,7 0 0 ,0CX3, or 5*2 per cent, by Victory notes, $ 1 1 ,1 0 0 ,0 0 0 or 7 .5 per cent, by Treasury notes, and $7 ,8 0 0 ,0 0 0 , or 5 .2 per cent, by Treasury certificates, compared with $133*300,000, $ 10 , 300, 000, $ 1 7 , 800,000 and $9 , 700,000 reported the week before. A summary of changes in the principal asset and liability items of the re serve banks, as compared with a week and a year ago, follows: Increase or Decrease In millions of dollars since June 8 . 1921 May_3.1 , 1922 3.6 2.5 Total reserves Gold reserves Inc. Inc. Total earning assets Dec, 18,8 Inc. Inc, 5U1 .5 579.^ Dec. 1,051.3 Inc. 15.3 Dec. 1,476.1 598.1 Dec. 87s . 0 Dec. Inc. 66-7 Inc. 358.1 2 1 1 .1 Inc. 14S.4 Dec. Inc. 295. U Total deposits Members' reserve deposits Government deposits Other deposits Inc. 26.8 Inc. 42.0 Dec. 14.7 Dec. .5 Inc. Inc. Inc. Inc. 161,9 133*9 13 <3 2.7 Federal reserve notes in circulation F.R. Bank notes in circulation, net liability Inc. Inc. Dec. Dec. 569,2 69.2 Discounted b il l s , total Secured by U. S. Government obligations All other Purchased bills United States securities, total Bonds and notes Pittman certificates Other Treasury certificates Dec. Dec. Dec. Inc, Inc. Dec. 51.2 22.2 29.0 1S.0 14.4 .9 .3 1.3 Released for publication Friday morning, June 9, 1922; not earlier. St.2824a, RESOURCES AM) LIABILITIES OF THE TWELVE 2EDEPAL RESERVE BANKS COMBINED. (In thousands of dollars) R E S O U R C E S Gold and gold certificates . . . . Gold settlement fund - F. R. Board Total gold held by banks . . . . Gold with Federal Reserve Agents . Gold redemption fund Total gold reserves 323.7^5 502,204 . Total reserves ....................... B ills discounted: Sec. by U .S. Government obligations All other Bills bought in open market . . . . Total b ills on hand U. S. bonds and n o t e s ............... ... • U. S. Certificates of indebtedness: One-year certificates (Pittman Act) All other . . . . ........................... Total earning assets , Bank p r e m i s e s ................... 5$ Redemption fund against F. R. Bank notes . . . . Uncollected items . . . . All other resources . . . . . • June 8. 1921 297,^76 52.1 ,53.a 811,429 819,015 2 ,1 4 0 ,8 9 1 55.301 1,460,358 151,299, 3 , 007,621 122,876 2 , 430,672 1 6 1 ,874 3 ,1 3 0 ,4 9 7 2 , 592,546 148,949 271,305 . 136.183 17 1,10 6 300,384 118.182 747,006 1,149,353 6q.5Qi 556,437 589,672 1 , 965,860 243,775 244,648 32,685 77,0 00 297,101 77,000 281.771 1,174,313 1 ,1 9 3,09 1 2 , 225,572 40,994 40,672 23,842 7^518 525,893 20.684 7 ,5 8 0 454,938 20.490 10,449 541,495 13,482 4 ,9 0 3 ,4 6 8 4 ,8 4 7 ,2 6 8 5,^0 7,3 86 2 2 5 ,9 ^ 2,1 2 8,24 2 3,0 1 0,07 2 . . . . . . Legal tender notes, silver, etc. TOTAL RESOURCES May 31. 1922 324,7^0 4 8 6.68 9 June 7. 1922 123,99^ 3 , 134,066 • 225,3751 .6 52 L I A B I L I T I E S Capital paid in Surplus .......................................... Reserved for Gov't, franchise tax Deposits: Government............... .... Member bank - reserve account .................................. All other Total deposits ....................... F.R. notes in actxxal circulation F,R, Bank 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 104,859 215/398 2,207 104,729 215,398, 102,066 202,036 2,236 38,057 39 , 574 1 ,8 2 3,96 1 3 3 ,45 5 . 54,295 1,7 8 2,00 4 .....32x85i 20 , 263. 1,684,075 ___ 30.7 i-l 1 ,8 9 6 ,9 9 0 1 , 870,153 1,735,057 2 ,1 4 1,18 4 2,710,723 70,553 423,217 19.798 141,054 447,357 __ 2 LC26 4 ,8 4 7 ,2 6 8 5,4 0 7,38 6 2 ,141,531 71,812 450,497 _2 0 O 2 ^ 4 ,9 0 3 ,4 6 8 11M 7 8 .0 $ 5 8 .3 $ R eleased f o r p u b lic a tio n F rid a y morning, June 9> 1922; not e a r l i e r . St.2824b. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, JUNE 7, 1922. (in thousands o f d o lla r s ) , RESOURCES Federal Reserve Bank o f Boston New York F h iia . Cleve, Rich. A tla n ta Chicago S t.L o u is Minn. Kans.Cy. D a lla s San Fran. Total Gold and gold c e r t i f i c a t e s 13,971 5v 4S0 13,309 215,127 3,038 23,866 4,233 5,538 8,324 2,505 8,895 19,459 323,745 Gold settlem en t fund - F. R. Board 149,420 50,355. .34,678 41,079 27,550 76,756 16,966 23,212 25,711 14,112 31,061 iid p i 502,204 T o ta l gold h eld by banks 364,547 55,835 47,987 44,117 33,088 100,622 21,199 31,536 28,216 23,007 50,520 25,275 825,949 Gold w ith F. R. Agents 135,994 798,570 153,244 175,154 53,058 103,267 352,745 .58,533 31,892 48,009 19,296 198,480 2,128,242 Gold redemption fund _^476 3,882 5,200 3,934 4,530 1,000 10,757 1,752 2,208 1,518 1,883 4,741 55.881 T o ta l gold reserves 170,745 1 , 171,999 214,279 227,075 101,705 137,355 464,124 81,484 64,946 78,433 44,186 253,741 3 , 010,072 L egal tender n otes, s i l v e r , e t c . 16,196 24,297 5,593 18,255 17,879 824 7x814. __ L 8.62.. 7,619 5,388 --— 5.562 QQ4 a .. ....' 6J.fog .--. 123 ^ 1/ V■ T o ta l re se rve s 186,941 1 , 196,296 222,093 234, 94U 109 , 32!+ 142,948 482,379 99,363 65,770 83,821 49,748 260,439 3 , 134,066 B i l l s d iscoun ted: Secured by U .S.G ovt- o b li g a t i o n s 8,282 23,274 34,884 24,599 13,499 4,228 19,360 7,888 1,744 6,474 1,528 148,949 3,189 A l l other 16,028 10,335 19,167 29,200 27,192 4 l ,940 11,686 22,760 20,246 11,632 29,783 31,336 271,305 B i l l s bought in open market 18,694 2I.31Q 20,305 13,136 863 671 .20,933 5,594 2,002 16,070 5 136.183 T o ta l b i l l s on hand 38,608 77,212 65,524 56,902 43,562 32,091 82,233 25,168 24,504 23,440 556,437 33,313 53,880 U. S. bonds and notes 4,576 4 7,9 27 23,553 27,124 156 34,258 11,681 .7,752 28,299 1,233 2 ,816 54,400 243,775 U. S. C e r t i f i c a t e s of indebtedness One-year c e r t i f i c a t e s (Pittman Act)1 5,950 21,000 6,000 6,000 3,560 6,699 8,667 4,000 3 ,5 7 1 4,321 1,900 5,332 77,000 A l l other 122,901 47,928 2,070 42,401 31 . 52,931 15,412 9,202 ' 316 PQ7 ini 3,409 500 --^ T o ta l earning a s s e ts 97,062 269,040 97,147 132,427 48,355 38,977 178,089 55,832 39,665 65,262 38,529 113,928 1 , 174,313 Bank premises 5,265 8,470 600 1,342 7,468 2,571 921 5,239 914 2,092 40,994 4,975 1,137 5# Redemption fund a gain st F. R. Bank notes 422 946 700 188 468 539 2,023 675 216 916 146 U n c o lle c te d items A l l other resources TOTAL RESOURCES http://fraser.stlouisfed.org/ * Federal Reserve Bank of St. Louis 50,935 10^,754 42,675 950 4,505 69s _ 46,70.0 4 4 ,549 1,758 149 24,467 155- 66,133 33,617 14,556 36,434 1,944 778 1,487 1,058 24,180 279 7,512 36,893 525,893 5,367 20,684 341,575 1 , 524,011 363,913 421,607 205,136 208,357 736,688 192 , 531+ 122,608 192,466 116,530 4ig,o 43 4 ,903 ,46s Released for publication, Friday morning, June 9 , 1922; not earlier. ...... ........ MID LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUNE 7, 1922. 3BSOU&CE5 ( i n t h L F e C a p d e r a i t a S u r p l u s e s e r v e D e p o R l ' p R G l a d e a A r G o t h e o t a l n k d e p o o a n k l i b i a v a i l a b l i a b i l I A B e f e r r e d o e t h r i n s B a s r e n l l t e - R . D T O T A L R a t i o o a n d F p r c e a n c h i s e t a 261 x 364 R . A f r f n o l i L t o . R . n 2 7 ,4S3 60,197 198 16,483 F . t k o v t , F . e a n e n t b n B i n r t l e . m b s r T r v *. r n m i l s e i d f o s i t s ^ v ^ e New York Boston 7,931 t t a o e r v e a c c o u n c t u s a i n l c c i r i r c c u u l a l a t i o t i o n n - l t e i l i t y i e i t e m I T I E S r e s e r v e l i a b i l s s t o i t i e d s 17,395 81,240 4 ,218 38,310 s I L e p c o m o n f o F , r f o R . r n e o l i g t e i a n b c o s o u i l i t r r e y o n s p t s t a n o d n i n d e b i l l s n t s p S5-9 u r c h a s e d 2 , 3 9 13,816 2 167,0 31 g 5 4 0 2 ^ F . R . n o t e s h e F . R . n o t e s i n l d b a c y t u a b a n k s l i r c c u l a t i o n 153^433 W i l l s d i s c o u B i l l s b o u U . S . C e g h r n t e d t t i f i c a o p e n t e r i s o m f i t h i n 1 5 3 9 , 6 0 8 a r k e t i n d e b t e d n f d T I o l l a E r s St.2224c. ) S 3,184 3,063 258 ', 14£ 50,515 1,642 53,915 262,974 58,633 85,8 56 116,204 364,224 2 ,932 39,824 5,102 1 8 ,504 850 Dallas: San Fran. T otal 104,859 ' 7 , 3b l 215,398 15*192 100 2,207 Minn. Kans. Gy. 3 ,568 7,468 355 4 ,6 1 9 4 ,i9 3 9 • ..7 *>9Lf 275 1 ,430 2 ,286 1,074 63,529 42,960 73,051 687 ___ 393. 462 71,502' 44,427 74,943 69,940 49,554 58,153 1.881 3 9 ,5 74 3,930 46,357 121,015 1 , 823,961 33,455 139 i5a5.80_ 140,525 48,377 1 ,8 9 6 ,9 9 0 2 6 ,7 27 212,650 2 , 141,531 8,142 71,812 53,084 450,497 , 3 3 3 0 . 6 8 0 7 5 ,7 2 ,6 2 1 2,6 3 7 1,605 F E D E R A L R E S E R V E 2 0 2 2 d e s s 70,973 a y s 8 4 .0 6 9 .1 4 , 9 9 2 4 , 3 2 3 1 5 , 5 5 2 1 8 , 2 5 0 N O T E S 9 T I O N 1 6 O F B t o 3 0 4 8 2 7 , 2 7 . 0 1,179 O U T S T A N D I N G 0 7 5 1 1 2 76.8 70.2 3,899 1,540 A N D I N 0 , 6 5 2 4 0 2 , 8 2 0 4 , 4 7 5 3 7 , 9 9 6 85,856 116,204 364,824 I L L S , 2 1 , 9 6 620,153 180,669 197,302 216,767' . i n I 7 7 .1 D I S T R I B U B L o 2 0 ,1 7 4 4 ,9 0 3 ,4 6 8 s i t t C o n tin g e n t I s 1,002 57,389 242 5,414 40,222 1 ,66l 5,598 41,921 1,151 b i n e d , 6S.8 e B d 3,618 3,348 3,397 8 ,4 2 0 2 ,7 7 8 32,793 12,784 3 5 ,5 50 25,322 30,943 4 ,0 8 0 86 0 1,647 1,739 909 -2 5 7 ... 1 j 055_ 1,147 341,575 1 ,5 8 4,01 1 363,913 421,607 205,136 208,357 736,688 192 , 534122,608 192,466 l i b , 53C 418,043 5,668 y i t A s a n Rich. A tla n t a Chicago St.Lcm is Phi l a . Cl -vc4 ,7 0 0 4,27 *>■- 14,559 8 ,9 9 1 \ W # i : -5;, 542 9 ,388 1,030 9,114- 2 9,0 25 17,945 22,509- 1 ■ ' • 4io 209 393 1,006 18,601 1,747 743,188 104,886 140,542 11,338 796 • 1 ,3 6 4 773,127 107,429 142,912 620,153 120,669 197,302 117,321 481 1 IS ,2 2 b 153,499 t i t s a t e s I o u d 4 3 b 7 , 1 4 4 A N D a y s U . S . 3 1 C E R T I F I C A T E S t o b O 61,953 40,176 34,199 d a y s 70.0 SS5 A C T U A L 8 2 , 1 3 5 1 2 , 1 9 8 1,573 F 5 1 , 9 0 2 , 3 5 8 6 4 l t o 9 0 8 , 7 4 b 1 0 , 5 9 3 2 58,153 I N D E B T E D N E S S 6 S 7 2 .5 77.6 1,507 34,556 251,094 2 , 526,949 5 2 C I R C U L A T I O N 69, 94049,554 O 66,2 63.0 B Y M d a y s 4 3 ,2C4 9 , 2 4 2 , 5 1 9 6 2 , 4 4 4 26 , 727212,650 3 8 5 , 4 O v e r 9 0 d a y s 50,082 T o t a l 420,254 136,183 257,885 1 5 2 , 141,531 A T U R I T I E S 2 4 ,3 4 / 3,900 3 374,101 Released for publication Friday morning, June 9 , 1922; not earlier. St,2824d. FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, JUNE 7, 1922* (In thousands of dollars) Federal Reserve Agent at Boston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. Total R E S O U R C E S Federal Reserve notes on hand Federal Reserve notes outstanding Collateral security for Federal Reserve notes outstanding: Gold and gold certificates Gold redemption fund Gold fund - F. R. Board Eligible paper Amount required Excess amount held TOTAL 101,050 167,031 272,^70 1+3,920 31,920 840,833 204,992 215,552 5,300 12,694 118,000 356,925 13,275 40,645 11,855 11,879 1+01,000 141,389 150,000 31,037 42,263 30,306 51,748 5.721+ 40,398 l4,64o 32,910 ,6**.004 90,220 91,907 120,682 402,820 24,450 82,132 U .79 5 51,908 2,400 4,S67 15,100 96,000 337, 6U5 11,2 10 3,023 44,300 38,849 17,1+15 50,075 23,605 ^123.. 1 ^ 5 1 1 _ j i , s 6a_ — 2,263 50,795 _ 19,600 68,746 768,022 18,953 56,730 29,246 251,094 2 , 526,949 13,052 2,840 16,000 2,649 *+5,36o 7,701 409,863 128,80*+ 1,595 19,39*+ 10,000 179,086 1,589,575 20,016 1+.040 9,950 52,614 20,737 2 JS L _2ju_242. 1,202 398,707 l4l,5*+7 442,683 1,984,442 459,628 477,664 220,24? 319,821 927,829 190 , 24o 119,651 159,795 100,687 560,120 5 ,963,467 L I A B I L I T I E S Net amount of Federal Reserve notes received from Comp troller of the Currency 268,081 1 , 113,303 248,912 247,472 124,817 184,686 493^1+0 106,588 63,703 88,346 1+8,199 307,824 3 , 294,971 135,99*+ 38,608 31,892 24,056 48,009 23,1+40 19,296 198,480 2,128,242 33,192 53,816 51+0,254 Collateral received from Federal Reserve Bank: Gold Eligible paper TOTAL 798,570 153,244 175,154 72,569 57.1+72 55,038 53,058 103,267 352,71+5 42,972 31,928 82.044 58,533 25,119 442,683 1 ,984,442 459 , 62s 477,664 220,847 319,881 927,829 190,240 119,651 159,795 100,687 560,120 5 ,963,467
@FedFRASER