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STATEMENT FOR THE PRESS Rale etaed fop pub licet Ion. St. 4p50 Friday morning, June 5 J Federal^ Reserve BootJ not earlier, June 4, 19^5. CONDITION OF FEDERAL RESERVE BANKS The consolidated statement of condition of the Fedorul reserve banks on June 3? made public by the Federal Reserve Board, shows an increase of $9,800,000 in total earning assets and of $4,100,000 in Federal reserve notes in circulation, and declines of $24,300,000 in cash reserves sad $3,300,000 in non-reserve cash, Holdings of discounted b i l l s went down $1,600,000, while holdings of acceptances purchased in open market went up $6,500,000 and of Government securities $4,900,000. The New York reserve bank reports a decline of $5,900,000 in discount holdings, the Philadelphia bank reports a decline of $5,800,000 and Cleveland of $3,300,000, while the Federal Reserve Bank of Boston reports an increase in discounts of $£,400,000, St. Louis an increase of $5,100,000, Atlanta of $3,900,000, and Richmond of $2,600,000. The five remaining banks show smaller changes in discount holdings for the week. An increase of $8,200,000 in acceptance holdings i s shown for the Minneapolis bank, the other reserve banks reporting relatively small changes in this item. The System1 J9 holdings of Treasury notes increased $6,300,000, while holdings of U. S. bonds and of Treasury certificates each declined by $700,000. The principal changes in Federal reserve note circulation during the week comprise an increase of $3,800,000 reported by the San Francisco bank and $2,200,000 l?y New York, and decreases of $1,900,000 and $1,300,000, respectively, reported by the Cleveland and Boston banks. A summary of changes in the principal assets and l i a b i l i t i e s of the reserve banks during the week and the year ending June 3» 3-925 • follows: Increase or decrease during Total reserves . Gold reserves Week -$24,300,000 - 19,900,000 + Total earning assets . . . . . B i l l s discounted, total . . Secured by U. S. Government obligations + Other b i l l s discounted . . 9,800,000 1,600,000 Year -$267,400,000 - 307,000,000 + 207,900,000 * 10,900,000 8,200,000 6,600,000 + 72,400,000 4 61,500,000 B i l l s bought in open market + 6,500,000 + 229,300,000 U, S, Government securities, total . . . Bonds Treasury notes Certificates of indebtedness . . . . . + 4,900,000 700,000 + 6,300,000 700,000 - 43,800,000 + 64,200,000 - 48,500,000 59*500,000 Federal Reserve notes in circulation . . . + 4,100,000 - 209,400,000 Total deposits . « . . . . . . . . . . . Members' reserve deposits . . . . . . . Government deposits Other deposits . . . . . . . +20,300,000 + 8,800,000 + 400,000 +11,100,000 4 181,000,000 $ 158,900,000 t 7*100,000 f 15,000,000 % W, * T; t y ? Released for publication Friday morning, June 5, 1925; not earlier. RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) St.4550a, June 1. 1925 May 27. 1925 June 4. 1924 RESOURCES Gold with Federal reserve agents . . . . 1,504,694 Gold redemption fund with U. S. Treasury 62,312 C-old held exclusively against F.E. notes 1,567,006 657>96 Gold settlement fund with F. R. Board. . Gold and gold certificates held by banks , 593,638 2,813,140 Total gold reserves . . . . . . . fieserves other than gold . . . . . . -139,397 Total reserves . . . . . . . . 2,957,537 iton-re serve cash 43,557 Bills discounted: Sec, by U. S. Government obligations 207,758 204,584 Other b i l l s discounted . 412,34% Total b i l l s discounted 284,954 B i l l s bought in open market . . . . . U» S. Government securities: 84,338 Bonds « • < * . . . • » . • . . • • 248,200 Treasury notes . . . 21,567 Certificates of indebtedness . . . Total U.S. Government securities 354,105 Foreign loans on gold . . • e 10,500 All other earning assets • t • — 2^50 1,064,151 Total earning assets 683,820 Uncollected items . . . . . 59,874 Bank premises . 23,518 All other resources . . . . TOTAL RESOURCES LIABILITIES F. R. notes in actual circulation . . , Deposits: Member bank - reserve account . , . , Government . . . . . . . . . . . . . Other deposits , . Total deposits . . Deferred availability items Capital'paid in Surplus . . . . . . . . . . All Other l i a b i l i t i e s . . . TOTAL LIABILITIES 143,814 2,981,825 .. 5.2,450 2,089,133 48,439 2,137,572 593,872 393,648 3,125)092 99,827 3,224,919 . 49,611 216,007 197.992 413,999 278,413 135,323 266.097 401,420 55,&32 1,521,257 62,4b0 1,583,697 651,885 602,429 2,838,011 4,837,457 85,012 241,904 22,298 349,214 10,500 2,250 1,054,376 584,282 59,867 23,792 4,756,592 20,098 573,797 57,174 26,779 4,788,523 1,674,686 1,670,635 1,884,039 2,146,921 39,032 36,192 1,988,047 2,222,145 2,138,174 38,624 25,076 2,201,874 593,749 115,539 217,837 13,501 537,025 115,525 217,837 13,696 21,221 2,041,134 516,199 111,456 220,915 14,780 4,837,457 4,756,592 4,788,523 296,666 81,126 397,890 1,301 856,243 31,866 Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . , 75.9# 77.0# 82.2# Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents . . . . . 35,069 35,780 40,118 w. Released for publication Friday morning, June 5, 1925; not earlier. St. 4550b RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, JUNE 3, 1925. RE S 0 URC E S (In thousands of dollars) Federal Reserve Bank of Boston New York Phi la. Gleve. Rich. Atlanta Chicago St. Louis Minn. Kane. Cy. Dallas San Fran. Total Gold with Federal Reserve Agents 189,174 356,243 135,831 170,039 36,156 120,398 135,429 18,382 54,252 51,828 32,952 204,010 1,504,694 Gold redemption flrnd with U. S.Treas,, 13,681 9,046 16,134 3,940 2,280 1,717 1,018 5,574 2,207 62,312 1,673 1,363 3,679 Gold held exclusively against F. R. notes 202,855 365,289 151,965 173,979 38,436 122,115 141,003 20,589 55,270 55,507 34,625 205,373 1,567,006 Gold settlement fond with F.R. Board 37,974 241,154 49,143 93,543 12,899 17,737 106,501 9,415 12,753 29,752 12,570 34,005 657,496 Gold and gold cert i f . held by banks 21,195 327,823 21,455 37,463 21,741 4,076 103,786 9,84o 7,302 3,144 7,774 28,039 593,638 Total gold reserves 262,024 934,266 222,563 304,985 73,076 143,978 351,290 39,844 75,325 88,403 54,969 267,417 2,818,140 Reserves other than gold 12,852 31,789 7,832 8,4o4 4,905 14,926 17,367 19,031 1,253 4,344 10,110 6,584 ' 139,397 Total reserves 274,876 966,055 230,395 313,389 77,981 158,904 368,657 58,875 76,578 92,747 65,079 274,001 2,957,537 Non-reserve cash 14,241 1,699 2,995 5,154 814 2,070 2,150 2,810 3,072 3,771 5,804 3,977 48,557 B i l l s discounted: Secured by U.S.Govt, obligations 16,586 74,225 20,720 29,203 13,930 3,467 24,209 9,229 685 1,945 435 13,144 207,758 Other b i l l s discounted 30,281 15,085 15,101 34,999 18,788 19,01(5 16,470 4,729 5,774 22,531 4,855 16,926 204,584 Total b i l l s discounted 39,117 104,506 35,805 44,304 48,909 22,255 43,254 25,699 5,4l4 7,719 5,290 30,070 412,342 "Bills bought in open market 64,522 21,781 25,764 10,905 10,453 38,994 12,077 18,907 14,097 37,127 8,885 21,442 284,954 JL S. Government securities: Bonds 584 8,542 3,148 20,336 4,766 8,736 11,459 9,983 4,847 637 9,520 1,780 84,338 Treasury notes 561 58,457 17,236 12,724 4,343 12,426 20,735 29,514 8,403 22,790 22,125 38,886 248,200 Certificates of indebtedness 60 5,409 1,276 102 1,233 3,030 21,567 819 981 207 2,381 703 5,366 Total U.S. Gov't, securities 4,175 68,275 17,933 27,653 6,225 16,SOT *2,052 35,099 17,346 36,630 32,811 49,099 354,105 Foreign loans on gold 1,124 2,835 10,500 976 420 36s 777 483 430 1,449 346 557 735 All other earning assets 2,250 2,250 Total earning assets 81,196 240,138 78,745 98,845 66,596 49,945 125,749 73,358 42,013 58,866 47,354 101,346 1,064,151 Uncollected items 60,705 172,727 66,622 61,645 52,056 27,362 88,439 38,613 14,183 41,723 24,646 35,399 683,820 Bank premises 4,190 16,873 1,122 59,874 4,275 1,833 3,277 7,573 2,446 2,780 8,099 4,357 3,049 All other resources 46 1,624 23,518 434 4,770 6 8 7 275 2,752 1,376 627 7,397 326 3,204 TOTAL RESOURCES 426,16? 1,417,431 379,017 434,722 202,832 245,514 597,324 179,50b 139,341 200,308 l42,b8b 421,b03 4,837,457 - tiej.aasdo xor pucuicanion Friday morning, June 5, 1925; not earlier. St. 4550c, RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, JUNE 3, 1925. LIABILITIES (In thousands of dollars) Federal Reserve Bank of Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total B. notes in actual circulation 202,271 334,243 156,370 202,998 7 1 , i l l 136,425 158,511 46,371 62,056 63,211 4o,975 200,144 1,674,686 Deposits: Member bank - reserve account 136,626 832,881 130,342 182,056 61,995 71,231 305,000 76,115 51,797 53,637 61,397 153,244 2,146,921 Government 1,701 7,607 1,593 4,294 2,347 2,499 10,045 2,036 1,384 2,134 1,237 2,105 39,032 Other deposits 923 17,241 1,388 3,576 1,538 133 2,447 2,147 316 1,410 185 4,888 36,192 Total deposits 139,250 857,729 133,323 189,926 65,880 74,463 317,492 80,348 53,497 87,181 62,819 160,237 2,222,145 Deferred availability items 36,075 26,289 36,596 593,749 Oepital paid in 4,326 4,295 8,193 115,539 Surplus 8,977 7,592 15,071 217,837 All other l i a b i l i t i e s 635 3,%63 5U3 1,249 846 737 1,828 559 1,025 538 7l6 1,362 13,501 TOTAL LIABILITIES 426,167 1,417,431 379,017 484,722 202,838 245,514 597,824 179,506 139,841 200,308 142,686 421,603 4,837,457 Bfttio of total reserves to deposit end F. R. note l i a b i l i t i e s combined, per cent 80.5 81.0 79.5 79.8 56.9 75.3 77.4 46.5 66.3 61.7 62.7 76.0 75.9 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondent s 2,617 9,250 3,289 3,784 1,875 1,450 4,881 1,627 1,167 1,415 1,238 2,476 35,069 1:1 If li >f II El if 11 F. B. note8 outstanding F. B. notes held by banks F. B. notes in actual circulation B i l l s discounted B i l l s bought in open market Certificates of indebtedness W. FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION 231,561 29,290 202,271 ua.'fsc 3 S ^.11 334,243 156,370 202,998 71,111 136,425 158,511 46,371 62,056 63,211 40,975 200,144 1,674,686 DISTRIBUTION OF BILLS AND U. S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES From 91 days Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days to 6 months Over 6 months Total 295,716 101,805 1 27,948 • 6l,6l4 37,611 63,887 23,093 50,804 - 26,512 1,462 15,395 6,171 6,844 - 412,342 284,954 21,567 Released for publication Friday morning, June 5, 1925; not earlier. St. 45506. FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, JUNE 3, 1925. (in thousands of dollars) Federal Reserve Agent at RESOURCES Inderal 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 Boston New York Phi la. Cleve. Rich. Atlanta Chicago St. Louis Minn. Kans. Cy. Dallas San Fran. Total 71,750 231,561 314,9U0 42,000 38,300 22,575 68,174 265,307 24,960 22,806 28,023 22,972 70,200 992,007 %2,i,803 188,559 220,352 84,880 149,504 169,132 51,792 64,907 71,321 45,893 232,934 1,963",638 31,050 9,124 149,000 186,698 6,000 8,780 2,000 9,000 13,075 13,052 18,011 287,666 28,545 10,942 11,259 l,86l 4,398 4,784 1,307 1,200 4,468 3,441 16,7c* 98,03s 141,000 118,889 150,000 32,295 107,000 130,645 4,000 40,000 47,360 11,500 187,307 1,118,996 42,387 33,857 96,560 52,728 50,313 48,724 29,106 60,955 540 17,577 9,983 3,187 33,703 33,410 10,655 19,493 12,941 28,924 48,320 3,542 13,507 2,151 1,195 22,014 458,944 216,828 568,729 1,281,501 419,658 496,581 202,318 370,369 651,891 132,086 166,127 172,816 115,953 558,082 5,136,111 LIABILITIES Net amount of Federal Reserve notes received from Comptroller of the Currency 303,311 767,743 230,559 258,652 107,455 217,678 434,439 76,752 87,713 99,344 68,865 303,134 2,955,645 Collateral received from Federal reserve bank: Gold Eligible paper 356,243 135,831 170,039 36,156 120,398 135,429 18,382 54,252 51,828 32,952 204,010 1,504,694 157,515 53,268 67,890 58,707 32,293 82,023 36,952 24,162 21,644 14,136 50,938 675,772 TOTAL 189,174 76,244 568,729 1,281,501 419,658 496,581 202,318 370,369 651,891 132,086 166,127 172,816 115,953 558,082 5,136,111
@FedFRASER