The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Be leased f o r p u b l i c a t i o n Friday -.morning, June 26; not e a r l i e r . STATEMENT FOB THE PRESS st. U571, Federal Reserve Board # June 25, 1925. CONDITION OF FEDERAL RESERVE BANKS The consolidated statement o f condition o f ti_o Federal reserve banks on June 24 made public by the Federal Reserve Board, shows an increase cf $27,300,000 i n t o t a l earning a s s e t s , and decreases o f $2,500,000 ii* cash r e s e r v e s and $3,800,000 i n Federal reserve note c i r c u l a t i o n . Holdings of dit;cr>n!;ed b i l l s want up $13,500,000 and o f U. S, Government s e c u r i t i e s - $18",£00,000, while holdings of acceptances purchased i n open market were $4,400,0C0 below the t o t a l reported a week ago. An increase of $6,100,000 in holdings of discounted b i l l s i s reported by the Federal Reserve Bank of Boston, of $5,000,000 by San Francisco, $4,900,000 by Cleveland, $3,000,000 by St. Louis and $2,600,000 by New York. The Richmond and Chicago banks show reductions of $4,000,000 and $2,700,000, r e s p e c t i v e l y , in t h i s item. S n a l l e r holdings o f acceptances purchased in the open market are reported by a l l o f the reserve banks, with the e x c e p t i o n of New York and San Francisco which show i n c r e a s e s o f $4,700,000 and $700,000, r e s p e c t i v e l y . The Boston bank shows a decrease o f $2,100,000 i n acceptance holdings, Cleveland - a decrease of $1,500,000, and P h i l a d e l p h i a and Minneapolis of $1,200,000 each. The System's holdings o f Treasury n o t e s went up $34,900,000, while holdings o f U. S. bonds declined $11,100,000 and o f Treasury c e r t i f i c a t e s - $5,600,000. The p r i n c i p a l changes i n Federal reserve note c i r c u l a t i o n during the week comprise an increase o f $2,400,000 reported by the Cleveland bank, and decreases o f $3,300,000 and $2,300,000, r e s p e c t i v e l y , reported by Boston and Philadelphia. A summary o f 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 o f the reserve banks during the week end the year ending June 24, 1925, f o l l o w s : Increase ot decrease during Week -10,300,000 -$8,900,000 Year -$312,600,000 - 344,800,000 +27,300,000 + 208,200,000 + 1,200,000 +11,700,000 + 131,800.000 - 26,500,000 B i l l s bought i n open market - 4,400,000 + 196,600,000 U. S. Government s e c u r i t i e s , t o t a l Bonds . . . . . . . Treasury n o t e s . . C e r t i f i c a t e s of indebtedness . . +18,200,000 -105,200,000 +34,900',000 - 5,600,000 - 82,500,000 - 72,500,000 Federal Reserve n o t e s in c i r c u l a t i o n - 8,800,000 -209,700,000 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 . . . . . -34,200,000 -73,000,000 +40,800,000 +101,900,000 Total reserves . . . Gold r ese rv e s . . Total earning a s s e t s . . . . . . . . . . B i l l s discounted, t o t a l . . . . . . . . Secured by U, S. Government o b l i g a t i o n s Other b i l l s discounted +13,500,000 -11,300,000 - 2,000,000 + 105,300,000 + 16,800.-000 +104,400,000 - + 5,900,000 3,too,000 Released f o r publication Friday morning, June 26, 1925; not e a r l i e r . St.4571a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) June 24. 1925 June 17. 1925 June 25. 1924 RESOURCES Gold with Federal reserve agents . . . . Gold redemption fund with U.S.Treasury . 1,^73,117 53,819 1,500, 2,118,093 38,491 Gold held e x c l u s i v e l y against F.R.notes Gold settlement fund with 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 . . • I i « Non-reserve cash . . . . B i l l s discountedi 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 , . . , . B i l l s bought i n open market . , . p. 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 o f indebtedness , . , Total U. S. Government s e c u r i t i e s Foreign loans on gold . . . All other earning a s s e t s . , Total earning a s s e t s 1,526,936 674,499 609,329 2,810,764 148,049 1,538,395 678,157 604,515 2,156,584 2,958,813 55,739 2,967,726 54,613 3,155,570 115,833 3,271,^03 54,006 249,914 248,122 193,842 441,964 246,083 232,014 350,131 45,034 205,531 455,445 241,666 72,297 TOTAL RESOURCES 146,659 83,366 191,151 324,609 306,399 10,500 10,500 31,882 118,117 22,542 308,552 98,700 429,794 1,301 2,250 1,007,196 826,260 811,856 60,162 21,136 556,594 57,772 24,746 4,922,689 4,790,781 1,634,235 1J41>O47 1,#5,922 2,139,779 46,207 24,428 2,212,772 5,364 26,466 2,035,3^2 2,210,414 557,073 115,561 217,837 14,339 4,749,459 2,244,602 687,156 115,543 217,837 14,504 2,108,459 490,757 111,420 220,915 15,308 4,922,689 4,790,781 1,034,470 619,112 60,173 21,152 4,7%9,%59 , 2,821,067 226,083 26,229 2,250 Uncollected items . . . . . Bank premises . . . . . . . All other resources . . . 38,0 L I A B I L I T I E S 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 * • * • # • # • 52,110 21,007 Ratio of t o t a l reserves to deposit and F. R. note l i a b i l i t i e s combined . , . 77.0# 76.3# 82.8# Contingent l i a b i l i t y on b i l l s purchased for f o r e i g n correspondents 37,105 33,482 38,897 W. »»•« ' ' B s l e i i i d ^ f b r -publication- Itoday-mmiifljK" Jos*' - 2&;:~*'3$25T*mfc * esrMezv-- gt 1457115 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANES AT CLOSE OF BUSINESS, JUNE 24, 1925. RESOURCES (In thousands o f d o l l a r s ) Itoderal Reserve Bank o f S S Z Z T Boston J Z New York Phi l a . Z - a Gold held e x c l u s i v e l y against g , R. notes s x r j r - r - j i V K #5,587 a s 366,504 146,236 » Oleve. g g Rich. s 182,560 a 35,396 s a s Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Fran. Total " W g " j g % » % U S 1:;a 1 : S ' - " j a ; 110,656 142,595 26,409 54,458 56,302 27,877 n a - a s - a a a 192,356 1,526,936 a s s u a Total «oia reserves Heserves o t t e r than gold 260,532 936,311 217,150 296,205 16.674 9.1*4 7.942 77,72k 132,195 # 7 . 6 7 2 5.559 16.467 U i . o i l 45,922 an.71, 77,906 1.525 94,545 4.64q 47,770 256,542 2,810,764 q.iqq 5.565 I4%.n4d Hotel reserves *ro-reeerre cash B i l l s discounted: Secured Jy U.S.Govt 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 273,897 5,729 972,985 225,564 304,147 18,665 1,962 2,782 83,283 l4g,918 385,683 3,261 4,220 6,31s 66,635 4,072 79,431 1,023 99,194 2,399 56,969 262,107 2,955,813 2,639 2,669 55,739' * J 21,703 249,914 7 g6 c Lcn lui ' L B i l l s bought i n open market U. S. Government s e c u r i t i e s : Bonds Treasury notes C e r t i f i c a t e s of indebtedness Total U. S. Gov't, s e c u r i t i e s Foreign loans on gold A l l other earning a s s e t s Total earning a s s e t s Oheollected items Bank premises A l l other resources TOTAL RESOURCES t. 14,656 19.1l4 93,672 27.211 23,749 11.987 39,486 15.101 15,08? n.%6 3,401 29,878 6,24l pi 31 fi ox o££-197*3 317 h i-yh 93g c aAo 33,770 120,885 37,736 54,587 48,483 24,617 53,844 18,980 4,691 6,655 44,250 32,605 455,445 35,587 17,533 20,526 9,421 18,156 6,947 29,287 10,729 18,382 15,117 12,482 21,841 241,666 569 1,145 3,893 5,607 50,780 892 6,122 620 17,207 57 17,884 9,004 11,571 8,305 28,380 1,585 4,019 63 5,667 1,954 11,288 1,121 20,356 19,117 2,497 3,391 27,227 544 8,345 7,752 128 9,334 19,293 2,784 7,760 20,450 14,363 3,257 36,234 5,047 226,083 26,229 16,225 557 430 483 346 31,411 29,108 420 363 44,53s 976 2,250 41,970 1,449 31,162 1,124 777 57,794 2,835 72,759 55,893 5,893 4,190 58 147,510 16,897 5,809 60,062 1,139 153 412,526 1,378,96? 365,259 \ 898 735 72,297 324,609 10,500 2,250 29,200 78,267 30,664 13,488 35,659 20,?48 36,759 619,112 2,780 8,099 4,549 3,049 4,339 1,833 3,279 60,173 321 683 2,592 1,380 322 3,318 459 1,564 4,493 21,152 479,490 205,113 245,276 606,297 167,596 139,953 195,945 132,366 420,671 4,749,459 59,550 51,312 7,573 2,446 Released f o r p u b l i c a t i o n Friday morning, June 26, 1925; not e a r l i e r . St. 4571c. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, JUNE 24, 1925. Federal Reserve Bank o f L I A B I L I T I E S (In thousands of dollars) F. R. n o t e s i n actual c i r c u l a t i o n Boston 186,380 New York Phila. Cleve. 327,030 153.061 203,425 Deposits: Member bank - reserve account Government Other d e p o s i t s 142,299 2,799 808,187 123,531 182,820 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 A l l other l i a b i l i t i e s TOTAL LIABILITIES Ratio o f t o t a l reserves to deposit and F. R. note l i a b i l i t i e s combined, per cent 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 "JE. R. n o t e s outstanding F. R. n o t e s held by banks F. _R. n o t e s i n actual c i r c u l a t i o n Rich. Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Fran Total " 69,715 135,127 155,79% 44,455 62,650 62,311 38,631 195,856 1,634,235 64,744 68,749 327,805 51,945 84,815 54,590 154,899 3,116 5,i4o 4,898 1,690 2,450 3,495 4,112 363 14,212 4l6 1,281 182 164 1,384 834,705 126,784 185,716 68,042 74,053 33^,087 77,987 123,273 53,565 53,605 48,729 21,735 68,1)95 29,476 31,939 557,073 31,580 11,217 12,977 6,002 4,593 15.5*9 5,097 4,330 4,313 8,182 115,561 58,749 20,059 22,462 11,701 8,950 30,426 9,971 8,977 7,592 15,071 217,837 573 1,305 3,630 924 818 1,946 610 579 782 1,457 1^,339 412,526 1,378,967 365,259 479,490 205,113 245,276 606,297 167,596 139,953 195,9*6 132,366 420,671 4,749,459 12,306 82.6 83.8 211,757 25,577 186,180 1,615 60.5 78.2 80.6 10,442 2,703 2,837 3,908 3,397 71.2 1,936 78.7 1,49s 54.4 5,o4o 1,680 68.1 1,205 66.1 58.S l,46l 1,278 72.9 77.0 2,557 37,105 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION 44,506 236,093 1,941,511 ..... ..... 5.875 40.217 107.276 3 7, 30 53,061 203,425 69,715 135,127 155,794 44,455 62,650 62,311 38,631 195,856 1,634,235 : g ! l — - 1 1 * « DISTRIBUTION OF BILLS AND U. S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES B i l l s discounted B i l l s bought i n open market C e r t i f i c a t e s o f indebtedness Within 15 days 330,416 86,317 967 16 to 30 days 28,148 47,746 31 t o 60 days 39,742 72,665 6 l to 90 days 26,71s 29,858 15,814 ^ l n % : 29,868 5,080 789 Over 6 months Total 553 455,445 8,659 241,666 26,229 Beleased for publication Friday morning, June 26, 1925; not e a r l i e r . St. 45716 FEDERAL BESEBVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, JUNE 24, 1925. ( i n thousands of dollars) Federal Reserve Agent at RESOURCES Federal Reserve notes on hand Federal Reserve notes outstanding Collateral security 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 f jnd - F. R. Board E l i g i b l e paper Amount required Excess amount held TOTAL Boston Mew York Phi la. 86,020 308, l4o 39,600 211,757 450,289 186,429 Cleve. Rich. Atlanta Chicago St. Louis Minn. Kane. Cy. Dallas San Fran. Total 66,354 266,507 24,960 20,916 28,373 22,522 68,700 1,003,586 226,804 83,563 148,688 166,377 50,100 66,214 70,691 44,506 236,093 1,941,511 47,700 24,794 17,061 286,016 186,698 5,600 8,780 2,000 9,000 12,775 13,052 28,461 9,413 10,311 3,PU 6,763 4,739 1,615 1,617 4,087 2,603 15,752 106,255 129,000 141,000 121,889 160,000 26,295 93,000 130,645 10,000 39,000 49,360 6,500 174,157 1,080,846 34,117 94,130 49,527 47,713 51,964 39,925 30,993 25,710 12,545 17,244 18,342 46,184 468,394 790 19,54S 198,808 324 27,180 4,449 2,76s 51,978 3,834 10,383 4,713 32,25s 40,583 541,792 1,249,301 411,782 528,488 196,369 366,498 651,239 128,994 163,727 174,468 112,324 560,434 5,085,4l6 31,050 17,590 L I A B I L I T I E S Net amount of Ifederal Reserve notes received from Comptroller o f the Currency 297,777 Collateral received from Federal reserve tank: Gold E l i g i b l e paper TOTAL w. 758,429 225,029 274,504 108,357 215,042 432,884 75,060 87,130 99,064 67,028 304,793 2,945,097 356,159 136,902 179,091 31,599 108,763 135,384 24,390 53,669 53,447 26,164 189,909 1,473,117 66,375 134,713 49,851 74,893 56,413 42,693 82,971 29,544 22,928 21,957 19,132 65,732 667,202 541,792 1,249,301 411,782 528,488 196,369 366,498 651,239 128,994 163,727 174,468 112,324 560,434 5,085,416 177,640
@FedFRASER