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.
STATEMENT .FOR THE PRESS
St. 4103
Federal Reserve Board.,
June 19, 1924.
Released for publication
Friday morning, June 20;;
not earlier.
CONDITION OF FEDERAL RESERVE BANKS
The consolidated -statement of condition of the Fe<ieral reserve banks on June 1~,
made public b,y the Federal Reserve Boa:rd, shows a further decline of $8, 700,000 in
earning assets, a larger reduction of $24,600,000 in holdings of discounted bills
being partlf offset by increases of $12,900,0CO in acceptances purchased in open
market and $3,000,000 in Government securities. Federal rese:rve note circulation
shows a further reduction of $18,700,000 1 while cash reserves increased by
$12,600,000 and total deposits by $48,600,000.
S~ller holdings of discounted bills are reported by all .Federal reserve banks
except Richmond, which shows an increase of $4,4oO,OOO, and New York, Chicago, and
Dallas, which show a total increase of $2,100,000. The Cleveland reserve bank re•
ports the largest reduction - $16,200,000 - in holdings of discounted bills, Atlanta
reports a decline of $5,800,000, and Philad.elphia a decline of $4,000,000. PaJ>er
secured by u. s. government obligations declined by $16,800,000 to $114,400,000, Of
the latter amount, $92,500,000 was secured by Liberty and other U. S. bonds,
$18,4oO,OOO by Treasury notes,. and $3,500,000 by certificates of indebtedness.
The New York reserve ·bank reports an increase of $10,300,000 in holdings of
acceptances purchased in open market, and Dallas - an increase of $4,700,000. Of the
remaining ban~s, Minneapolis, Kansas City, and San Francisco show an aggregate in•
crease of $2,100,000, and the seven other banks - a total decline of $4,100,000. A.
net increase of $3,000,000 is shown in Government securities, holdings of Treasuey
certificates having increased by $37,000,000, while those of 'l'reaeury notes declined.
by $33,800,000 and those of U. S, bond.s by $200,000. The New York reserve ba.nk :reports an increase of $34,100,000 in its holdings of Government se.cu:rities, while
Cleveland reports a decrease of $10,400,000, Philadelphia a decrease of $8,600,000,
Chicago a decrease of $7,200,000, and Dallas a decrease of $4,600,000.
All Federal reserve banks report reduction& in Federal reserve note circulaticn,
except Boston and New York which show a combined increase of $2,300,000. The
Federal Reserve Bank of Cleveland shows a decline of $7,300,000, Chicago a decline
of $5,4oo,ooo, Philadelphia a decline of $2 6oo,ooo, and San Francisco a dedline
of $2,100,000, Gold ~eserves increased by $3,2001000 during the week, Reserves other
than gold li' $9,500,000, and Non-reserve cash by ~7QO,OOO.
A summar,y of changes in the principal assets and liabilities· of the reserve
banks during the week and the year erding June 18 1 1924, followe:
Increase or decrease during
Year
Week
Total reserves • , • . •
Gold :reserves • • •
.. .. . . . .. .. . . . •. •• ++ $
'
,
Total eaming assets • • • • • •
• • • •
Bills discounted, total • • • • • • • • • • ...
Secured by U. S, Government obligations • • •
Other bills discounted • • • • • • • • • . • Bills bOUght in open market • • • •
• • • +
·U. s. Government securities, total • • . , .• +
Bond.s , • • • • • • • • • , • • , . • • • •
Treasury notes , • • • • • • • . . . • • • • c·ertific.ates of indebtedness • • • • • • • • +
Federal reserve notes in circulation • .
•
Total deposits • • • • • • • • . • • • .
•
Members 1 res~rve deposits • • . • • . , ••
Government deposits • • • , • • • . . . . •
Other deposits • • • • • • • • . • : . . • •
c
+
+
+
12,600,000 + $ 57,200,000
3, 200 , ooo + 28 , Goo. coo
8, 700,000 24, 6oo,ooo ..
16,800,000 7,800,000 -
12.900.000
3,000,000
200,000
33tBOO,OOO
37,000,000
222,500,000
379.700,000
238,300,000
141,400,000
- 148. 400,000
+ 304,400,000
3,100,000
+ 216,700,000
+ 90,800,000
18,700,000 - 370, 500,0CC
4s,6oo,ooo + 214, 200, C<'V
71,900,000 + 229, Goo, c-:. ~
25,500,000
11,100,0\;J
2,200,000 4,300,000
- . -...... ---- -·- ----- ---····- ....
-·--·- ... --·:. -· ..
I, Released for pu91·1c~tion Fridq moming, ··JW1e .20, 1924.
St. 410Sa
.
RESOURCES AND LIABlLITIE&.'
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
'
(In thous~e of dollars)
Jupe 18. 1924 June 11. 1924 June 20· 1923
....
-··-~ ,.
·--~· -~· ...
RESOURCES
Gold with Federal reserve agents • .
Gold redemption fund with U,S.Treasury
Gold held eiltclusively· against F.R,notes
Gold settlement fund with .F. R. Board ..
Gold and gold. certificates held ~ banks
Total gold reserves • • • •
• •
Reserves other than gold • • • . • • •
Total reserves • • •
Non-reserve cash • • • • •
Bills discounted:
Sec. b,y u. S. Government
Other bills discounted •
2,033.359
57.341
2,161,211
2,128,593
•601, 165
424,&:)0
2,090. 700
~~
574,150
422,280
3,157,641
68S,o63
*3,154,448
105,047
350,252
3,129,015
85,966
*3. 259.495
55,944
3,214,981
68,914
• • . . • . •
obligations •
• •
. • •
114,439
236.941
131,268
244,724
352, 7J3
378,368
351,380
57.322
375,992
44,381
731,101
205.716
21,969
300,216
103,717
425,9J2
22,190
334,024
66,6<)1
25,070
83,493
12,966
1!~01
422,905
1,301
121,529
55
835.905
844,579
1,058,401
685,234
57,374
25,151
4,932,449
*573,457
57,274
27,773
191
685,812
52,215
12,e9
4,818,522
5,092.813
1,851,842
1,870,518
2,222,352
2,103,815
9,648
. 2,0}1,905
35.172
19,802
1,874,23>
2,0S6,S79
513,620
111,442
220,915
15,148
1,-921,314
601,03)
4,818,522
5,092,813
•
....
....
Bond.s • • .. • • • • • • • • • • • .. •
Treasury notes • • . • • • . . . • •
Certificates of indebtedness • • • •
Total U. S. Government segqrities
All other earning assets •• · • • • • • •
TotaJ. earning assets • • • • • ·
5~ Redemption
tum - F. R, Bank
tema • • .. • • • .
Bank premises • • • , • • • • •
All other resources • • • • • .
Uno oll ec ted i
notes •
• • • •
• • . •
. • • •
TOTAL RESOURCES
f
2,09l,c61
37,532
114 1 503
3,272,144
56,641
Tota1 bills discounted
• •
Bills bought in open market • •
u. s. Government securities:
1
2,118,962
LIABILITIES
F. R. notes in actual circulation •••
F. R. Bank no tea in circu.lat ion - net •
Deposits:
Member bank - reser~ account • • • •
GoverXli!lent • • • • • • • • • • • , • •
Other deposits • • • • • • • • • • • •
Total deposits • . • • • • • •
Deferred availability items • • • • • •
Capital paid in • • • • • . •
• • •
Surplus . • . . . . . . . . . • . • • •
All other liabilities • • • • • • • • •
TOTAL LIABILITIES • • •
!tat io of total reserves to depos·it ani
·F. R~ note liabilities combined •••
-
22~013.
2,135.476
597,744
111,472
220,915
15.000
4,932,449
82.1~
1,489
20,764
' 26,330
109,422
218,369
1!,839
82.4%
on
Contingent liability
bills purchased..
for foreign correspondents • • • . • • •
.c
39,628
*Revised figures.
33,500
Released for publication Frida¥ moming. June
(!),
St. 4108b.
1924; not earlier.
BESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AS AT CL06E OF BUSINESS, JUNE IC:, 192:.;..
Federal Reserve Bank of
Gold with Federal Reserve Agents
Gold redemption fund with U.S.Treas.
Gold held exclusively against
F.. R. notes
Geld settlement fund with F.R.Board
Gold and gold certif. held by bankS
Total gold reserves
other than gold
Reser.~es
~.~.":::>.1
reserves
Nan-reserve cash
Bills discounted:
Sec. by U. s. Govt. obligations
Other bills discounted
Total bills discounted
Bills bought in open market
U. S. Government securities:
Bonds
Treasury notes
Certificates of indebtedness
Total U. S. Govt. securities
RESOURCES
(In thousanis of d.ollars)
Rich. Atlanta Chicago St.Louis Minn .. Kans.Cy. Dallas San Fran. Total
Cleve.
Bostcn New York Phila.
203.371 635,299 187,397 205,634 39,730 122,388 279,825 63,118 57,589 55,195 29,819 233,597 2,118,962
42.249
2,624 3.278 2,084 1,724 1,230 1,227 2,472
6,470
5,432 8,620 3,019 4,069
196,017 208,653 43,799 125,012 283,103 65,202 59,313 56,425
28,082 79,01.8 30,269 17,237 104,415 C$,304 4,996 23,73 7
8, Jll
7.641 68!44)
71180 ~82 5.)70
34!5~7 16,878
258,63b 306,549 82,779 149,890 455,961 102,286 73.991 85.532
Jt220 8!866 4,_?90 12!114 15,583 11 1224 11576 4 1 551
280,838 1,064,171 262,566 315,415 87,369 162,oo4 471,544 114,210 75,567 90,083
16,519 1,870 4.125 2,521 4,257 9.756 4,164
3,400
928 3,152
215,841 £40,731
33.588 196,440
19!007 198.969
268,436 l,036,14o
12,402
28,0)1
as~
Uncollected items
Bank premises
All other resources
TOTAL RESOURCES
56,568 291,809 3,272,144
3,370
56,641
s.rn
20,717 18,292 18,457 13,145 4,810 12,609 5,198
482 2,020 1,758 8,174
15,728
7,955 12,638 36,810 28,880 36,945 17! 717 1)!781 22,691 13,805 24,565
114,439
236,941
14,203
36,445 26,247 31,095 49.955 33.690 49,554 22,915 14,263 24,711 15,563 32,739
18,414 3,484 5,638
969 2,992 5,590 1,196 1,586 . 2,369 6,726 5,381
351,380
5,426
2,977
541
22,847
81!!845
32,233
--
1,~
2,915
549
23,493 27,076
4.889 9a990
34.o~
136,544 28,931 391981
101,299
11 301
All other earning assets
Total earning
31,046 236,069 2,161,211
10,039 17,025 574,150
8,489 34,773 422,280
49,574 287,867 3,157,641
6!994 3,942 114,50~
49,413
54,96o
4,312
14
392,997
4,426
4<>,961
14.686
1,191
2,873
1.061
194
5,125
194 fu,073
2,579
/1
10
9{372 1,789 1, 780
6,303 12,861 19,311 13,697 29.~5
1.101 41101 6t021 4 1966 1)1378
s,oo4 24,340 27,151 20,443 42,883
57,322
21,9€9
300,216
10), 717
425,902
1!301
191,4<>3 59.963 76,714 56,049 36,876 11~,217 32,115 4o,189 54,231 42,732 81,003 835,905
164,422 70,185 Gs,116 59.944 28,904 88,648 33.495 15,429 37,273 23,855 4o,003 685,234
15,174 1,113 9,120 2,528 2,728 8,264 1,994 2, 781 4,595 1,912 2.853
57.374
846
118
20~
139 2.686
6,151
984 4,287 21267
24o 1.690
25,151
1,458,446 395,875 473,693 208,751 236,459 f$4,275 186,117 14o,580 190,}18 131,933 423,005 4,9J2,~
c.
.
--
-
~
-
-
_
....
'itelea.sed for publication Frida;y morn~•g, June 20, 1924; not earlier.
St. <t108c.
RESOURCES .Ai.'-JD LIABILITIES OF THE FEDERAL RESERVE BANKS AT CIOSE OF BUSINESS, JUNE 18, 1924.
L I AB I L I T I E S
Federal Reserve Bank of
F. R. nctes in actual circulation
Deposits:
M~n:.ter bn:11k - reserve account
Government
Other C. epos its
Boston
199,663
{In thousands of dollars)
New York Phil a. Cleve.
Rich. Atlanta Chicago St.Louis Mirm. Kans.Cy. Dallas San Fran. Total
}44,007 185,644 210,989 73,053 138,74o 259,010 62,225 68,499 63,432 41,221 205,359 1,851,842
118,114
659
295
8 79, 229 117, 792 164,141
2,641
56o
326
11,167
896
1,226
60,309
980
251
59,G25 310,733
1,007
57
113
1,465
73,411
1,234
381
45,537
272
469
77.975
747
389
50,231 147,318 2,103,815
381
784
9,648
450
4,905
22,013
dc,posi ts
119,068
893,037 119,248 165,693
61,540
60,151 312,255
75,026
46,278
79,111
av-ailability items
C::J.~):i.t al. paid in
49,476
7.974
16,390
42G
33,029
5,072
10,072
693
13,581
3.390
7,484
1,348
33~068
)J ':.t 35
51,o62 153,007 2,135,476
26, 16o 39,8~
597 J 744
4;,153
8,024
111,>+72
7,577 15,301 220,915
1, 760
1,464
15,000
To~:.-:>1
De~:'c.;rre(t
5-t.::.Tp 1_1:. S
All other liabilities
TO'i'AL LIABILITIES
129,365
29,983
59,923
2,125
60,136 59' 373 55,496 22,451
10,208 12,645
4,582
5:851
19,927 23,691 11,672
8,950
712
1 ' r"'
- IJ"'r.
1,302
~;t_J~L~.)
75,759
15,155
30,426
1,670
9,i.t96
776
392,997 1,458,446 395,875 473,693 208,751 236,459 694,275 186,117 140,580 190, 318 131,933 423,005 4,932,~
.Ratio cf total reserves to deposit ·
G.i:d F. R. note 1iab ilities
cn:r.U:ced, per cent
· 88 ... 1
86.o
83.2
81.4
82 .. 1
liability on bills
purchased fQ)~ foreign
Contir~gent
corresp~dents
1'. R. notes outstanding
F.R.. notes held by banks
219,358
19,695
3, 774
4,552
2,218
1, 712
5, 797
.FEDERAL RESERVE NOTES OUTSTANDING AND
642,334 213,545 237,776 81,523 151,388 287,057
Cjp;,327 27;901 26~ 787
8,470 12,648 28,047
F. R. notes in actual circulaticn
199 ,663
341~,007 185,644 210,989
Bills discounted
Bills bou0ht. in open market
U. S. Certificates of indebtedness
MUnicipal warrants
c..
11,324
1,401
1, 790
1,478
2,957
38,903
IN ACTUAL CIRCULATION
74,278
12,053
71,424
2,925
76,859
13,427
51,o41 249,641 2,356,224
9,g20 44,282 504,382·
62,225 68,499 63,432 41,221 205,359 1,851,842
DISTRIBUTION OF BILLS, U.. S. CERTIFICATES OF INDEBTEDNESS .AND MUNICIPAL WARRANTS BY MATURITIES
Within 15 days
16 to 30 days
31 to 60 days
61 to 90 ·davs
From 91 dqs Over 6 months
Total
to 6 months
175,118
37,750
54,109
36, 710
46,838
855
351,380
25,696
9, 659
15,554
4, 790
1,623
57,322
1,100
92,297
10,320
103,717
51
51
http://fraser.stlouisfed.org/
Federal
Reserve Bank of St. Louis
---~-·-.'---~--------~
73,053 138,740 259·,010
1,906
'
Rele~ed f'or publication Friday moming. June 20. 1924; not earlier.
St. 41080.
FEDERAL RESERVE AGENTS 1 ACCOUNTS AT CLOSE 0!' BUSINESS, JUNE
18. 1924.
(In thousands of d olla.rs)
Federal Reserve Agent at
RESOURCES
•
Federal Reserve notes on hand
Federal Reserve notes outstanding
Collateral security for Federal
Reserve notes outstanding:
Geld and gold certificates
Gold redeltJlt.ion fund
GOld tond:.. F. '& Board
Eligible paper - .
Amount required
Excess amount held
TOTAL
Boston
New York Phila.
Cleve.
Rich.
Atlanta Chicago St.Louis
Minn. Kans.Cy. Dallas San Fran. Total
94.300
219.358
251,980 50,16o 59,470 4o,o65 73,24o 209.~20 26,100 23,236 28,093 21,667 71,700 949,231
642,334 213,545 237.776 81,523 151,388 287#057 74,278 71,424 76,859 5l,o41 249,641 2,356,224
35.300
16,071
158,000
238,531 14,000 8,780
2,400
9,985 13,052
12,556
'334,6o4
30,768 12,008 11.854 4,435 5,988
6,181 4,633 1•537 3,835 2,763 15,913 115.986
;66,000 161,389 185,000 35.295 114,000 273,644 48,500 43,000 5l,J6o 14,500 217,684 1,668,372
9,987
7,193
7,035 26,148 32,142 41,793 29,000
7,232 11,160 13,835 21,664 21,222 16,044 237,262
li2,964 1,353 3.545 8,694 7.553 47,491 12,777 1,504 5,156 1,273 20,333 159,836
1,519,612 478,6o3 538.567 211,605 383,569 8)0,825 187,433 167,588 186,967 125,022 591,315,.;5,.821,515
t4Q,2~
LIABILITIES
Net amount .of Federal Reserve notes
.received from C~troller
of the Currency
313,658
Collateral received from
Federal reserve bank:
Gold
E1 igi b1 e paper
TOTAL
c.
209,371 635,299 187,397 205,6~ 39.730 122,)88 279,825 63,118 57.589 55,195 29,819 233,597 2,118,962
__:1:.!.7!..:,1:.:.80.:___49.::..:.::.'9:.::9:!..9__;:;2;.:.c7•:.: : 5. .:. 01;:..__=-:35:::..:.,_68.. ::7---::5:.. .0.:. .4_8..:.7---=:.3_6,:.::5:;.5~3
,
___:54;:.__.:.• .:.:72:-.: : 3___:: 2: !:. 3:..:9::'. : :3.!. 7_::..15~·~3:.:.39~2~6:.!..,8::.:20:::_..:::22:::.t:,49~5--1.36:::.,;,~3~77.!_...:3~9J..7,~09~8
540,209 1,579,612 478,603 538,567 211,805 383,569 830,825 187,433 167,588 186,967 125,022 591,315 5,821,515
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