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STATEMENT FOE TEE PRESS
Released for publication
Sunday morning, Mar. 13;
not earlier.
S t .1840
Federal Reserve Board
March 12, 19 21.
CONDITION OF FEDERAL RESERVE BANKS
Further gains of 2 4 ,S millions in gold and of 22.1 millions
in total cash reserves, accompanied by an increase of 68.4 mil
lions in net deposits and by a reduction of 36.8 millions in Fed
eral Reserve note circulation, are indicated in the Federal Res
erve Board's weekly bank statement issued as at close of business
on March 11, 1921. The reserve ratio shows a further slight rise
for the week from 50*8 to 50*9 Per cent.
As against moderate reductions in the holdings of bills se
cured by Victory notes and Treasury certificates, those of bills
secured by Liberty and other U. S. bonds show an increase of
28.6 millidns, and other discounts on hand - an increase of 2.8
millions. On the other hand, holdings of acceptances purchased
in open market are shown 17»^ millions less and Treasury cer
tificates - about 2 millions less than on the preceding Friday.
Total earning assets, accordingly, show an increase for the week
of 7.6 millions to 2 , 796.6 millions, compared with 3 >221.9 mil
lions reported on March 12 of last year. Of the total holdings
of 1,006 millions of paper secured by U . S. Government obligations,
627.5 millions, or 62 ,4 per cent, were secured by Liberty and
other U. S. bonds; 269.7 millions, or 26.8 per cent, by Victory
notes and 108.8 millions, or 10.8 per cent, by Treasury certi
ficates, compared with 598.-9 > 273*7 and 109-2 millions shown the
week before.
Discounted bills held by the Cleveland Reserve Bank are
shown inclusive of 13*5 millions of bills discounted for the
Dallas Bank, compared with 12.4 millions the week before, while
acceptance holdings of the Boston, Philadelphia, Cleveland and
San Francisco Banks are given inclusive of 13*7 millions of bank
acceptances purchased from the New York Bank, compared with 18,9
millions reported on the previous Friday., Aggregate contingent
liabilities on bank acceptances held for account of foreign cor
respondents show an increase from 18.2 to 3‘+-*+ millions.
All classes of deposits were substantially larger than at
the close of the previous week: Government deposits - by 2k.6
millions, reserve deposits - by 26.1 millions and other deposits
- by 6.7 millions. Moreover, the volume of the "float"carried
by the Reserve Banks and treated as a deduction from immediately
available deposits was about 1.1 millions less than on the previous
Friday, with the consequence that calculated net deposits show an
increase for the week of 68.4 millions.
During the week under review, the circulation of Federal Res
erve notes declined by 36.8 millions, all Reserve Banks except
the Cleveland Bank reporting substantial reductions in their out
standing circulation. Total Federal Reserve note circulation is
given as 3 , 005.8 millions, or about 3 I+ millions less than on the
corresponding date last year. Federal Reserve Bank note circulation
shows a decline of 3 millions during the week, as against a de
cline of 8 .4 millions for the corresponding week a year ago.
Released for publication. Sunday morning
321 ; not earlier
RESOURCES AND LIABILITIES OF T11E TWELVE FEDERAL RESERVE BANTS COMBINED.
March 11, 1921
March U. 1921
* 254 , 276,000
-3^,353,000
52S,21b,000
526, 1*99,000
R E S O U R C E S
Gold and gold certificates
Gold settlement fund - F- R Board
Gold with foreign agencies
Tot&l gold held by banks
7 S 2 ,59 2,0 0 0
Gold wi-th Federal Reserve Agents
,2 4 0 ,5 70 ,0 0 0
Gold redemption fund
l 64 ,g 4 U , 00Q
Total gold reserves
$ 2 ,157,9 0 6 ,0 0 0
Legal tender notes, silver, etc.
210,016.000
Total reserves
2 ,3 9 7,9 2 4 ,0 0 0
(Secured by u.S Government obligations 1 . 0 0 5 . 9 7 7 . 0 0 0
Bills discounted
(All other
1.362.473.000
Bills bought in open market
l 4 D.oQg.000
Total bills on hand
->515 ,05s ,000
U. S. Government bonds
25 , 847,000
U. S- Victory notes
19,000
U. S. Certificates of indebtedness
255 , 687,000
Total earning assets
2,796'.
611,000
Bank premises
20.193.000
Uncollected items and other deductions frcm gross deposits
605,758,000
5% Redemption fund against F- B- Bank notes
1 2 . 723.000
Gold abroad in custody or in transit
3 ,'30o|o3o
All other resottrces
q.iHfiTooQ
TOTAL RESOURCES
5 , s U5, o^9 000
L I A B I L I T I E S
7o
Capital paid in
1 0 1 , 003,000
Surplus
202, 036,000
Government deposits
81,521,000
Due to members — Reserve account
1 , 731 , U29, o o g _y
Deferred availability items
^ 67,2217050
Other deposits, including foreign governnent credits
___ 101 ?i|o. 000
Total gross deposits
\
2 , 310 , 947,000
F. R. notes in actual circulation
3,005,81*0,000
F. R, Bank notes in circulation - net liability
182,0c2_aQQ^‘
All other liabilities
- JilllE Io o g
TOTAL LIABILITIES
5 ,8 ^ 5 , ^ 9 , 0 0 0
Ratio of total reserves to net deposit and F- R. note
liabilities combined
50.0)*
Ratio of gold reserves to F.R. notes in circulation af •or
setting aside 355^ against net deposit liabilities
59 -9%
*Revised figures-
760 ,"852,000
1 , 236, 560,000
165.678 .000
Mar. 12.1920
$ 169 , 978,000
391 , 6^9,000
112 . 781.000
67^,^08,000
l,lU0,*»76,ooo
$ 2 , 163 , 090,000
212.673.000
2,375,763,000
981.8U0.C00
1, 359 , 665,000
___ i 6 U , o o U , o o q
2 , 505, 505,000
25 , sUs,000
19,000
257 . 693.000
2 , 789,0b9,000
19.733.000
* 631 ,9 * 7 ,000
12 . 199.000
3 , 300,000
___ S , 580,000
* 5,s5C6oi',ooo
100.865.000
56, 9^1,000
1,705,36^000
* Us2,3«5 000
* 2M-. 064' 000
St.lgUOa-
202. 036.000
119 . 380.000
1,936, 36^000
120.366.000
2, 0557730, 000
1 . 515 . 959.000
907 ,^ 87,000
__50U, 172,000
2.927.618.000
26.775.000
68 000
267.U6l.000
3 . 221 . 922.000
11 . 791.000
8U9.752.OOO
13 . 851.000
,
5. U-85. 000
6 ,1 5 9 , 531700c)
90,
871.0 0 0
120, 120.000
55, 32^,000
1, 886, 929.000
60S, 600.000
* 2,268 , 75^,000
3 ,0 U 2 >6ll,000
185,109,000
__ U l , 226,000
* 5,81*0,601,000
009.000
862.000
3 , 039 , 750.000
220, 738.000
190.000
^ 1 5 9 , 531,000
50
U2 .5 fo
5 9 .3#
U7 . 0^
Released for publication Sunday morning, march 13 , 192 I; not earlierRESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MARCH 11,
. n
d
i
^.
r,
R E S O U R C E S
(in
Federal Reserve Bank of
°S t ® Ne^ Y?rk Phila. Clevel, Richn . A tla n ta Chicago St>Louis
rniJ ^ . f 01
f lca!,e* X,
.
on’ h I
7 ’ 72 , 3 >636
7,19 8
3,833
**, 990 21,210
3,570
K F 'H,Jj0ara
f l 4 § I ---^ 2 T O _ Jt8,715 107,770 3 1 . 9^8 1 7 ,692 113,628 26 , 3qU
Sni! ? t h ? p8 i
t
21,5»S72 52.351 114,968 35,781
22 , 68213^,832 29, 87:4
Gold recWmti™ ffe?
do’ ? S
152 13° ’ 1 1 2 1 *7°7 52' UUo 58,768 197,270
64,118
o-ffNrrf— t ^ O Q O 15,215 10.434
7,125
6.896 28,5^9
5.606
1 i
reserves
215 ^ f
^ 5f , 02k 197,682 307,109
95 , 3^6 88*346 3^1,257 99,598
Le al tender notes, silver, etc.
-- 1 ^ ,0 9 7 ____3 , 276
3 ,5 ^0
6,006
4 , 205 _ T J 2 2 _ 7,584
St .lSUob.
1921.
thousands of dollars)
H l^d isc o m te d :
5 8 ,0 5 8 ~ 87,795
^ 2,268 190,098 2 , 397 , 92^r
1^,368 33 ,6 11
5 1 , 5U9 63,276
13 ,646 47,811 1,005,977
52 4o 9 101 U37 1.362 473
2,111 332
86,820
65,917 97,219
- 30.276
146^08
66.055 179,524 2 ,^ 15,058
(a)
A i^ n t h p r " TJ' S,G0Vt,0bllgatiOnS
Ti-f-i v L
/ x
m!
m O P ^ market vb)
Total bills on hand
S:
227,913
610,121 200,952 310,649 101,352
« ’ «!£
I l l 'l l ?
fiS 444 ( 50 201 58,035 128,921
4s6,o6l 36,696 66,122 58,450 61,659 243,792
_li*010-- I Z ^ 2 1 4 ^ ^ 1 _
3,20?
1.027
9 .490
158>531
913,509163 090 163,711 111,258 120,721 388.203
85,066
I:
5505
x: 255
x: U3U
U. S. Certificates of indebtedness
21,474
Total earning assets
180 , 560
Bank pranises
3,212
Uncollected itans and other de
ductions from gross deposits
42,824
5$ Redemption fund against F. R,
' Bank notes
1,072
Gold abroad in custody or in transit
2Ul
All other resources
541
TOTAL RESOURCES
59.6l4
^0.464
- "
(a) Includes bills discounted for
other F» R. Banks, viz:
(b) Includes bankers' acceptances
bought from other F.R,Banks:
Without their endorsement
92,551 368,979 107,182
sS
x: 233
u? 50
20R
3^,753
49,956
V 55
xo Air
97^,278 19JC9S8 188,360 125,353 137,503 432,308 101,636
4,627
506
1,670
1,499
723
2,707
626
120,964
52,736
54,047
2,308
1 ,2 1 1
1,300
i , 24o
270
-
- -
264
468
558
^6,227
25,984
601
162
IrSf-Wl
675
119
440
Minn. Kans.Cy. D allas San Fran, Total
8,447
2,750
5,826
17,987
20,585
6,223
3 8,808
24,807
3,779
38.915
U'1 ’ 665
38.2U6
*+,772
57,618
8^,683
29^032
44p
528,216
56,795
782^92
16,584 122,857 1 , 2U0 , 570
8,843
8,437
164,844
37 , 53S 188,089 2, 187 >906~
4,732
2,009
210,018
12,109
3.112
> 16
*>*{
e\an
m ion
^
82,575
3^,390
18,158
U s, 632
35,963
43,252
605,758
2,252
523
155
12,728
526
15s
500
586
86
1.016
665
1.676
590
89
916
393
c .jv , j.ju
iu u , wdd
■'->
831
_
118
o-^c., j.cL-r
152
46l
‘+ £ ( J 3 J.y
2,796
5,656
-
3,300
9 , 1 * 5*
3 , & ' +D , & 7 T
109
15 455
13,^55
25
* *
ocr clS
-aajlX5t/ -------~0.L_
7M l 3 116 ,407 78 , 33*+ 192,371 2 , 796,611
1,7^2
598
1,769
51^
20,193
Ml
-
25^,276
_
_
_
_
■
_
I;
13 702
Released, for publication. Sunday morning, March 13, 1921; not earlier*
St ,lS4oc.
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MARCH 11, 1921.
(In thousands of dollars)
L I A B I L I T I E S
Federal Heserve Bank
Boston New York F h ila . Clevel - Richn. Atlanta Chicago St .Louis Minn. Kans.Cy. Dallas San Fran.
Total
Capital paid in
7,856
101,003
26,489
8,609 10,870
5,305
4,o45 lU»1]L9
4,433
3,495
U,Us6
4 ,127
7,169
Surplus
15,711
202,036
56 ,UiU 17,010 20,305 10,561
8,343 28,980
8,346
6,980
9,159
6,033 14,194
Government deposits
4,930
81,521
23, 34 l
7,250
6,365
3,830
036 11,592
4, 288
2,191
6,932
3,699
3,067
Due to members - reserve account
107,935
672,966 103,315 J.147,444
57
46,010
250,171
65,377
44,658
78,228
’ J \J <7i ~
TI ,-r-TT
; i , tUi16
u
‘t u . u i u czyw,
x /x
u ;,;u
f t .u T 3
( 0 ,^ 0
t49,830
j , o ; u x108,079
uo,uf^ 1 ,7 3 1 ,4 2 9
n
K i n
)iO A C 7
n
er-r
r^rsC
t c
h i m
)i)i
1)1
c m
Deferred availability items
3 5 , 5 ^ A Cf
80,530
42,053 hUe5r , 126 35,575 i19,422
57,217 32,906
15,442
44,092 24,807 34,503
467, 2» «
Other deposits including foreign
government credits
__ U30
378
2,111
lU .023
1.082
345
8.956
753
g6 __ 487
----- =.JLJ...y.rS
•*:»
__________ 72
f —Q
J _____________________
J (1
x X ___
f 7^ _________ 4
_______________________________
______________
n, _ , ____ 30 , 7# Vjl
Total gross deposits
149,409
790,860 153,700 199 ,664 97,251 69 ~s46 321,091 103,324 62,777 129,739 78,681 154,605 2 , 310 , 9^7
F, E. notes in actual circulation
205,207
7 9 1 , 4o 4 251,623 302,374 151,877 160,527 489, 4 s 4 120,351 70,487 98,578 64 ,1 1 9 239,809 3,005,8U0
F* T?. Bank notes in circulation net liability
15,825
182,087
7,046
34 ,605 17,963 20,973
9 , 126/ 13,283 29,981
11,956
5,539
8,901
All other liabilities
2.355
16,191
2,315
2,608
U3 . ?4fr%
1^518.
1.523
2.8U1
I M X ___________i
1,951
7,235--_________J_________
2 ,232
-- ——---- j— --- ----- 'ljt---- ________
________
nj
___ 'zjuz.jj:
U M
TOTAL LIABILITIES
^56,363 1 , 715.963 451,220 556,794 275,-§frl 257,995 850,890 245,038 152,124 256,150 160,022 *+27,515 5 , 8 4 5 , 6 ^
w/
ooq
Ratio of total reserves to net deposit and F.R,
I i. 0 R A N D A
note liabilities combined, per cent
6 l <3
4 l,8
57 -0
69*3
50 >0
U5.3
50.7
56.6
50.4
4s . 9
39.6
5U.1
50.9
6,889
Contingent liability as endorser on
discounted paper rediscounted with
other Federal Reserve Banks
Bankers1 acceptances sold to other
F« R. Banks without endorsement
-
13,677
Contingent liability on bills purchased
for foreign correspondents
2,336
F. R. notes outstanding
F. R, notes held by banks
F. R. notes in actual circulation
Bills discounted
Bills "bought in open market
U. S. Certificates of indebtedness
13,455
13,455
279,242
14,035
265,207
l 4 , i 46
(MO
2,560
2,624
1,563
1,152
3,808
25
1,504
864
1,536
832
1,472
if, 702
3M 02
FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION
920,219 274,064 324,685 158,665 166 ,077 530,505 143,332
.128 815 22,441 2 2 ,311
6,788
5,550 41,021 22,981
791,404 251,623 302 , 37 ^ 151,877 160,527 489,484 120,351
72,808 107,003
2,321
8.425
70,487 " 98,578
69,728 290,681 3 , 337,009
5,609
50.872
331,169
64,119 239,809 3,005784o"
DISTRIBUTION OF BILLS AND U- S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES
Within 15 days
l6 to 30 days
31 to 60 days
6l to 90 days
Over 90 days
l , 44 g, 142
248,885
381,720
247,096
42,607
65,097
33,486
.
34,805
13,220
- 7,646
3,500
9 ,5 1s
5,602
229,421
Total
2,368,450
i 46 , 608
255,687
Released for publication Sunday morning, March 13, 1921; not earlier,
FEDERAL RESERVE AGEIITS' ACCOUNTS AT CLOSE OF EUSDTSSS
MARCH 11, I 921
St.lS4Qd
(in thousands of dollars)
Federal Reserve Acent at
BESOU'B C E S
Federal Reserve notes on hand
Federal Reserve notes outstanding
Collateral security for Federal
Reserve notes outstanding:
Gold and gold certificates
Gold rodsmption f\md
„
Gold settlement funi-F.R.Eoard
Eligible papar^
Amount required
Excess amount held
TOTAL
Boston
► Atlanta Chica&o St .Loui s
105,650
76,110
166,077
279,242
5.600
169,608
Minn. Kans.Cy.
Dallas San Fran
143,320 23 , 280
530,505 143,332
12,690
l 6 ,696 47,500
69,728 290,681
5,960
3,227
13,052
1,555
2, s s 6
54,931
1 0 ,2 0 0
35,360
3,500
23,775
18,305
125,000
s4,26e
51 .coo
130,337
25.194
14,726
183,144
3,800
72,808 107,003
5,891
Total
794,415
3,337,009
227,326
19.625
5,459
5,234 103,232
115,694
897,490
332,635 79,214 48,001 68,757 53.144 167,824 2,096,439
55*42L Ix52L.. 16*214. _ J S J 2 2 - . 1.2^55-....10x535.... ___ 166.278
592, 32s 2 , 275,221 57S ,000 715,436 345.15S 421,667 1,259,757 317.515 175,220 246,205 162 , 50 7 ,639,397 7 , 234,711
107.309
1-L.iiPl..
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
TOTAL
384.S92 1,188,219 300,204 370,725 153,854 242,137
85,498 110,803
86,424 338,181
4,131,424
24,807
38,246
16,524 122,857
64,915
97.156
65,799 178.359
1,240,570
2 . 462.717
692,328 2 , 275,221 578.000 715,436 345 , 1 5 s 421,667 1,259,757 317,,515 175,220 246,205 168,807 639,397
7 , 834,711
1 4 8 ,9 0 5
2 0 4 ,1 5 2 1 3 0 , 1 1 6 1 8 1 ,7 0 7
158.531
882.850 147.620 l63.004 108.864 120.712
5 2 ,4 4 0
5 8 ,7 6 2
673 , 8 2 516 6 ,6 12
197,870 64,118
J 88,062,.,. 86^725
@FedFRASER