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STATEMENT H R THE PRESS
Released for publication
Sunday morning, Mar. 20 ;
fnot earlier.
St .1856
Federal Reserve Board
March 1 9 , 19 a .
CONDITION OF FEDERAL RESERVE BANKS
Aggregate reductions of Hp7-4 millions in the holdings of discounted and
purchased bills, accompanied by decreases of 69.1 millions in deposits and of
4-2.9 millions in Federal Reserve note cir culation, are indicated in the Federal
Reserve Board's weekly bank statement issued as at close of business on March
18, 19 2 1 . Government operations during the week included besides the redemp
tion of the bulk of about 500 millions of certificates maturing on March 15,
the payment of semi-annual interest on third Liberty bonds, also- the handling
of income and excess profits tax payments, all of which fell due on March 15,
arid the issuance on that date of two new series of tax certificates aggregat
ing about 4S2 millions.
Redemption of Treasury certificates, enabled member banks to liquidate
heavily their indebtedness tc the Reserve Banks. Loans secured by Government
obligations carried by the Federal Reserve Banks, accordingly, show-a reduc
tion of 5*6 millions, other discounted bills fell off about 138 millions, while
acceptances purchased in open market declined by 23.8 millions. On the other
hand, holdings of Treasury certificates increased by 29-3 millions, of which 25
millions represent the amount of special certificates held at the close of the
week by the New York, Cleveland and Richmond Banks to cover advances to the
Government pending collection of funds from depositary institutions. The bal
ance of the certificates held, except 5-6 millions, is composed of 1-year 2
per cent certificates deposited with the Treasurer of the United States to
secure Federal Reserve Bank note circulation. In consequence of the changes
above noted, total earning assets decreased by 132.1 millions and at the close
of the week stood at 2 , 658-5 millions, compared with 3 , 107-9 millions on the
corresponding date of last year.
In order to reflect more clearly the position of the Reserve Banks, the
\
statement has been slightly recast in form, the main change occuring in the
\
deposit block. Instead of total gross deposits the .statement shows total
|
deposits which are made up of the following items: Government deposits, Due
I
to members - Reserve account, and Other deposits, including Foreign Government
credits. Reserve ratios have been calculated in the same manner as heretofore,
except that instead of net deposits, total deposits as described above have
.been used in the calculation. Neither "Uncollected Items" among the assets,
j
nor "Deferred Availability Items” , among the liabilities have been considered
j
in the present statement in calculating deposit liabilities and reserve ratios, J
and this practice will be followed in the future. Calculated on this basis,
j
the banks'reserve ratio stood at 51*0 per cent.
/
Of the total holdings of 1 , 000.4 millions of paper secured by U. S* Govern
ment obligations, 581*9 millions,or .58.2 per cent,were secured by Liberty and
other U. S. bonds; 259-6 millions, or 25 -9 Per cent, by Victory notes, and 158.8
millions, or 15.9 per cent, by Treasury certificates, compared with 627-5, 269.7
and 108.8 millions shown the week before. Discounted bills held by the Cleve
land Reserve Bank are shown inclusive of 13>4 millions of bills discounted for
the Dallas Bank, compared with 13-5 millions the w'eek before, while acceptance
holdings of the Boston, Philadelphia, Cleveland and San Francisco Banks are
given inclusive of 5-9 millions of bank acceptances purchased from the New York
Bank, compared with 13*7 millions shown on the previous Friday.
Government deposits decreased by 22.7 millions and members’ reserve deposits •
by 53.7 millions, while other deposits, composed largely of non-member banks'
clearing accounts and cashier’ s checks, increased by 7*3 millions. During the
week the volume of Federal Reserve note circulation, for the first time^since^
February of last year, fell below 3 billions, the March IS total of 2 ,962.9 mil
lions being 442 millions below the peak figure of December 2 3 , 1920 and 84.2
millions less than on the corresponding date last year. Federal Reserve Bank
note circulation shows a further decline of 2.8 millions, and totaled 179-3
millions, compared with 211.1 millions about a year'ago. The banks show.a further
gain of 1 S -1 millions of gold, while their total cash reserves increased by 17*4
Digitized for millions.
FRASER
Released for publication Sunday morning, March 20, 19 2 1 ; not earlier.
St.1256a.
RESOURCES AND LIABILITIES OF THE T'TCLVE FFDERAI, RESERVE ^AMS COMBINED.
R E S O U R C E S
.
.
March 18, 1921
March 11,1921
Gold and gold certificates
$266,431,300“
~ ..
$25^,276,000
Gold settlement fund - F. R, Board
5 1 ^ 7 2 ,0 0 0
522,216,000
Gold with foreign agencies
——
Total gold held by banks
780,^03,000
722,^92,000
Gold with Jtederal Reserve Agents
1 , 257 , 207,000
1,240,570,000
GoM redemption fund
i
■_167 . 729.000
164,244,000
Total gold reserves
$2,206^039,000
$2,127,906,000
Legal tender notes, silver, etc.
209.250 .000
210,018.000
Total reserves
2, Ul § ^ 8 9 , 000
2,397,92^,000
Bills discounted (Secured by U .S . Government obligations 1,000,386,000
1.005.977.000
(All other
1,22*+, 533,000
1
. 362 . 473.000
Bills bought in open market
122.720. 000
1 46 , 602,000
Total hills on hand
2,3^7,699,000
2,515,052,000
U * S * Goverment bonds
25.8 4 5 .000
25.847.000
U, S. Victory notes
19 , coo
19,000
U. S- Certificates of indebtedness
284, 951 , QOQ
255.687.000
Total earning assets
2, 658, 514, 000
27f96,6ll,000
*JBank pr esni se s
20.465.000
20.193.000
5$ Redemption fund against F. R. Bank notes
12, 428, 000
12,722,000
Gold abroad in custody or in transit
3 , 300,000
3,300,000
Uncollected items
716 , 882,000
605.062.000
All other resources
9,291,000
9. 225.000
TOTAL RESOURCES
5,23b, J 6 9 ,000
’
5
,
245
, 709,000
L I A B I LI T I E S
Capital paid in
101 . 052.000
101.003.000
Surplus
332.036.000
202,03b,000
Governnent deposits
r 52,729,000
21.521.000
Due to members - Reserve account
1,677,774,000
1,731,429,000
^ m eT ^ ePosits, including foreign governnent credits
32.072.000
30.776.000
Total deposits
1,77^,635,000
1,8^3,7,26,000
F. R. notes in actual circulation
2, 962, 820,000
3,005.240,000
F . R . Bank notes in circulation - net liability
179, 250,000
182,087,000
Deferred availability items
57p,34l^C
U67 , 221,000
All other liabilities
___ 46.0631000
___
fe, 796,000
TOTAL LIABILITIES
5, 8 3 6 ,^ 9 ,0 0 0
5
,
245
, 709, 0 0 0
,
t?tal reserves to deposit and F .R . note
liabilities combined
51 -0^
* 5 0 >3$
Ratio of gold reserves to F.R. notes in circulation after
setting aside 35p against deposit liabilities
60 .6^
* 53 -9%
♦Calculated on basis of net deposits and F,
notes in circulation.
Mar. 19.1920
$159,660,000
322,271,000
1 1 2 , 721,000
660, 712,000
1 , 16 1 , 695,000
1 1 2 ,17^,000
1 , 93^ , 521,000
125,7^5,000
27060, 326,006
1.353.509.000
254.172.000
U63 , 232,000
2.570.913.000
26.797.000
68,000
U10 , 119,000
3.107.297.000
11.793.000
1 ^ , 327,000
955 . 262.000
____6,23^.000
6 . 155 . 905.000
90 . 952.000
120.120.000
60 .503.000
1 . 850. 106.000
100 , 969,000
27011 , 572705^
3 , 0^7 , 133,000
211,132,000
632 , 235,000
4 2.149.000
^ 1 5 5 ,9 0 5 ,0 0 0
*43 . 5$
*4 8.2$
Released for publication Sunday morning, March 20, 1921; not earlier.
st
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MARCH 18, 1921.
R E S O U R C E S
(In thousands of dollars)
^
0
Federal Reserve Bank of
Boston New York Phila. Clevel. Richm, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran-. ( Total
^
§old f^ t ific a t e s
7 ,^ °
l g l >772
3,183
6,796
3,526
4,827
21,267 3,305
8 , 29U
2,502
5,788 1 7 , 9 a y ' W l t f l
Gold^settlement fund - F.R.Board
5 2 ^ 5 _____88,200 43,963 93.872
28.883 17,206 94,900 21,4l2 21.656 30,866
8.623 3 l ! f e
SlVf>72
% tal gold held by banks
t59’ 7? 5
269,972 47,146 100,668 32,409 22,033 116 ,16 7
24,717 29,950 33,368 14 4ll 49 X 7
780 ,‘ $53
Gold with P H. Agents
142,762
203,839 1 28,221 197,073 51,302
57,152 190,780
65,295 25,922 32,156 19 ,8 2 6 13 7 479 1,2 5 7 807
Cold redemption fund
J & . & 5 _____& 0 Q Q .-_9 1.373 1 2,11,6
7,413
6,882 34,329 4.167
2.646
4,449
5.319 10,7903*
1 67 729
Total gold reserves
216,802
509,811 184,740
184,740 309,857
309,857 91,124 86,067
86,067
94,17958,518
5 8 ,5 175,973
8 " 75,97339t556'
39^5561 1
9 ^8 6^ 5 216,802
509,811
3 4 34lT27
^ 2 7 6 694,179
98
2, 2Qjyr639
Legal
_lj,;,5g9___
S J ___ 3 .1
J 883
3 ___
5.710
4,335
7.737
8.329
443
3,201
4.832
Bgal tender notes, silver., etc.
_ l j ,529 l ^ O g
.... 3,119
5,710
4,33
5.. 7,737
8 ,329
44 3 2^145
3,201
4.832
2
Tn r.A i
07 a
7 7 1
c*
r~
^
^ ^
^
^ - .
_ _ _
__ ~
;— r r r --------- .--------------- t--------- n — L- - a?- ---------------2
------ai / eSeT !
/X
230,331
661,898 188,523 312,976 96,834 90,402 3^9,013
102,508 58,961 79,175 44*388
ii. 1 s di scountB d i \ct/
|^ £t ^
Secured by U.S.Govt.obligations
68,936
385,730 109,403 54,121 Y50 ,663 58,596 127.,680 35,889 14,744 35,178 11,6 31 47 815 1 000- 386
f ?-1 ° ther
72,481
351,324 4i,44o 62,531 *58,008 64,4-53 251,817 56,910 53,473 64 ,541 51,243 96*312 1*224*533
B ills bought in open market (b)
.11,431
34,957 13,482 25,670
3.245 9 68 10.309
2.330
■- _____________ 2 3 9 ___ _
20 l49
'l22 780
Total bills on hand
152,848
772,011 164,325 142,322 111,916 124,017 389,806 95,129 6s , a 7 99,958 62,874 164,‘ 276 2 , 347,'699
L . S. Government bonds
550
1,255
1,434
833
1,233
113
4,490 1,15 3
116
8,867
3,979
1 822
4 845
U. S. Victory notes
5
_
_
1 0 3
_
_
_
{
s
U. S, Certificates of indebtedness
21.471
83.277 32.208 25.805 13,262 16,665 40,492
13.354
8,480 10.673
8,300 10.964
284.951
Total earning assets
174,874
856,543 197,967 168,970 126,411 140,798 434,788
76,813 119,499109,636
75,153 177,062 2,658,514
Bank premises
3,217
4,627 .
50o
1,691
1,628
726
2,804
1,742 626
599
1,770
20'; 465
529
5% Redemption fund against F. R.
Banknotes
1,072
2,271
1,300
1,240
601
675
2,183
916 523 586
396
665
12,428
Gold abroad in custody or in transit
24l
1,211
264
27O
162
119
393
158 155 86
89
152
3,300
uncollected items
48,327
154,007 58,941 71,683 59,895 30,292 97,957
20,859 5 3 ,112 36,737
36,728 48,344
716,882
All other resources
___ 545______3,2l6
537
540
481
478
1.673
132
525 536,_Z44
484 ____ _9,S91
TOTAL RESOURCES
4^8,607 1 , 683,773 448,038 557,370
(a) Includes bills discounted for
other F. R. Banks, viz:
(b) Includes bankers* acceptances
bought from other F.R.Banks:
Without their endorsement
-
-
13,437
13,437
. .
831
25
1,547
1,058
-
_
_
_
2 451
^ 9 12
Re leased for publication Sunday morning, March 20, l$ 2 l; not earlier.
St.
1856c.
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MARCH IS, 1921.
(In thousands of dollars)
L I A B I L I T I E S
Federal Reserve Bank
Boston New York Phila. Clevel. Ricftn . Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran.
Total
Capital paid in
7, 232
26,482
£,603 10 , 880 5,321
4,063 lU.isU
4,433
3,437
4,422
4 ,13 1
7,126
101,052
Surplus
1 5 ,7 U
202,036
5 6 ,4iU
17,010 20,305 10,561
S, 3U3 28,920
2,346
6,920
9,159
6,033 1 M 9U
Government deposits
3,272
4 io
1,13 2
64
52,729
705 13,512
9,621
2,152 ' 3,492 12,245
5,519
527
Due to memters - rssorve account
102,407
639,356 101,933 147,290 57,953 44,710 235,003 64,o42 45,036 72,765 50,057 110,616 l, 677,77“
Other deposits including foreign
government credits
Total deposits
112,576
654,376 i c 4 , 226 142,725 59,309 52,644 242,225 73,264 43/372 26,302 56,123 123,304 1, 774" 635
F. R. notes in actual circulation
261,596
729,320 241,622 291,710 150,122 15s, 270 425,349 119,223 69,943 96,977 61,242 236,120 2,962,220
F. 5 , Bank notes in circulation net liability
6,992
5,506
179 , 252- i
15,317
6,891 11, 747
33,83s 17,229 20, 939
3,105 13, 222 29,004
Eeferred avai 1 ability it ems
43,067
24 , 270 i . w
570 , m l
105,932 56,146 62,072 49,905 12, 203 75,183 36,744 19,572 44 ,113
All other liabilities
2.476
1,544
46,063
2,676
_2,502
1,522
7,226
2,334
16.205
1,629
2.025
2.225
1,653
TOTAL LIABILITIES
Ratio of total reserves to d
note li.abilities combined*
452,607 1,623,773 442,03 2 557,370 226,012 263,490 222,211 250,721 157,249 255,126 159,455 427,^17 5 ,2 3 6 ,^ 9
ex
i1
3r cent
M E 110 R A N D A
T
?,T
j.Kj .
61.6
45,5
54.5
71*1
Contingent liability as endorser on
discounted paper rediscounted with
other Federal He serve Banks
-
-
-
Bankers1 acceptances sold to other
F , n, Banks without endorsement
-
-
for foreign correspondents
F. E* notes outstanding
F« R, notes held by banks
F. E notes in a. :tual circulation
Bills discounted
Bills bought in open market
U. S. Certificates of indebtedness
46.2
4l •?
47 ,6
53-2
43.4
43.2
37.6
55 \
51.0
-
-
-
-
-
-
13,437
-
13,437
-
-
IfrO
-
-
-
-
<0
5 , 227
2,336
276,099
i4. 503
l 4 , 147
2, 560
2,624
1,568
1, 152
3,202
264
1,504
FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION
71,733 105,113
921,347 270,162321,470 157,447 162,306 527,176 141,503
132,027 22,546 29,760
7,265
4,636 41,227 22.226
1.250
232
1 , 536
2,136
25
^ ,9 1 2
1,472
34,403
67,969 227,303 3,310,900
6 ,12 1 51,123
348,020
261/596
DISTRIBUTION OF BILLS AND U . S . CERTIFICATES OF INDEBTEDNESS BY MATURITIES
VJithin 15 days
16 to 30 days
31
60 days
6l to 30 days
Over 90 clays
1, 355,122
49,120
3 1 ,4 2 4
227,479
24,97 7
4,627
359,303
35,343
6 ,5 7 6
242,112
13,340
4 , 64o
Total
4o ,297
2,224 ,919
122,720
2 3 7 ,6 2 4
224,951
Released for publication Sunday morning, March 20, 1921; not earl ier .
FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS MARCH 18, 1921 .
S t.lS 56d.
(In thousands of dollars)
Federal Reserve Agent at
Boston
New York
Phi la.
Clevel.
Richm. Atlanta Chicago St.Louis
Minn, Kans.Cy.
Dallas San Fran.
12,820
3,600
71,793 105,113
67,969
Total
R E S O U R C E S
102,650
Federal Reserve notes cn hand
Federal Reserve notes outstanding 276,' 099
Collateral security for Federal
Reserve notes outstanding:
Gold and gold certificates
5,600
Gold redemption fund
22 , 162
Gold settlement fund-F.R.Loard 115,000
Eligible paper:
Amount required
133,337
Excess anount held
1 9 ,5 1 1
TOTAL
268,000 26, i 4o
S
J7 ' 66£
921 , 9^7 270,168 321 , S
4,0 157,447 162,906
169,608
23,775
8,231 17,832 18,298
26,000 110,389 155,000
’
1,802
lUl>559 27,440
527,176 l4i, 509
3,500
3,652
14,636
49,500 50,000 176,144
718,108 l4l, 9U7 124,397 106,145 105,754
23,196
e, U05 17 ,1 3 7
1,707 18,248
336,396
53,3^4
16,696
79^,519
287,303 3,310,900
47,500
5,960
13,052
2,796
35,360
-
227,386
55,931
2,670
10,200
16,888
116,071
10,235 120,591
914,350
76,214
18,9q4
45,871
21,271
66,957
32,949
48,143 149,824 2,053,093
l 4 ,112 13,261
242, 085
3,4o4
5,891
3,700
57t*>881 7°5>097 342,029 421,726 1 , 249,295 329,362 177,677 246,775 166,746 635,367 7 , 658, 4o4
L I A B I L I T I E S
Net amount of Federal Reserve
notes received frcm Comp
troller of the Currency
Collateral received from
Federal Reserve Bank:
Geld
Eligi ble paper
.TOTAL
378,7*9 1,189,9*7 296,306 366,*90 182,87 5 2*0 , 572
668,735 168, 9*9
152^8*8
389,’ ] « ,
7*1,30* 130,*352 l u i ^ j u 107!8°l 12*,’ 002
8*. 613 108,713
95,’ 118 67 ,’ 1*2
99,'966
8*,665 33M 03 * ,io 5>* i 9
6 g.’ 2 S5 163 ,’ 0I 5 2,'295,’ 17 8
67*,35 9 2 , 135,090 57*,881 705,097 3* 2,029 1*21,726 1 , 21*9,295 329,362 177,677 2*6,775 166 , 7*6 635,367 7 , 65? , ^ "
STATEiSENT FOB THE
Released for publication
,
Sunday morning,, Mar. 27;
not earlier.
T.FS3
St .1375
Federal Reserve Board
March 26, 1921.
CONDITION OF FEDERAL RESERVE BANKS
Further gains of 5 < 3miH io n s of gold and of 7*2 millions of
total cash reserves, as against a reduction of 32.2 millions in
Federal Reserve note circulation and an increase of 66.3 millions
in deposit liabilities, are indicated in the Federal Reserve Board's
weekly bank statement issued as at close of business on March 25,
192l» The banks’ reserve ratio shows a decline for the week from
51 to 50.8 per cent.
Memher banks' borrowings firon the Reserve Banks show an aggre
gate increase -of Gl.7 millions, though the New York Bank reports
a decrease of 4 l.l millions under this head- Of the total in
crease in discounted paper held, 10 millions represents an increase,
in paper secured by U . S« Government obligations, and 51*7 millionsan increase in other discounts* Acceptances on hand show but a. _ 1
nominal increase* /The statement for the first time shows'.separate h
figures for the so-called Pittman certificates, deposited with the I
Treasurer of the United Stat3s to secure Federal Reserve Bank note I
circulation. The total amount of these certificates, $254,375,000,
shows no change for the we3k*/i Holdings of other certificates fell
off 28.1 millions, of which 24 millions, represents the..amount of
special certificates held by three Reserve Banks on the previous
IViday and redeemed by the Government during the week.* In conse-.
quence of the ahova changes, total earning. assets shew an increase
33*9 millions, and at the <?lose of the week stood at 2,592*4
millions, compared with 3 ,19 1 millions cn the corresponding date of
las t year.
Of the total holdings of 1 ,0 1 0 .4 millions of paper secured by
United States Government obligations, 650 .1 millions, or o4.,3,;per
cent, were secured by Liberty or other U. S. Bonds;
per cent, by Victory notes, and 9U ,5 millions, or 9 .4 per cent, Ty
Treasury certificates, compared with 591*3, 250.2 and 15S.g millions
shown the week before* The large reduction in the holdings of paper
secured by certificates apparently reflects corresponding amounts
of certificates purchased by the Government or placed with ultimate
investors by the member banks.
Discounted bills held by the Cleveland Reserve Bank include 14.7
millions of bills discounted for the Dallas Bank( compared with 13*4
millions the week before, while acceptance holdings of the Boston,
Cleveland, Philadelphia and San Francisco Banks are shown inclusive
of 3*3 millions of bank acceptances purchased from the New York Bank,
compared with 5*9 millions shown on the previous Friday»
Of the total increase in deposits above shown, 55*9 millions re
presents an increase in Government deposits; member banks1 reserve
deposits show a decrease of 3*2 millions, while other deposits, com
posed largely of non-member banks1 clearing accounts and cashier's
checks, increased by 13*6 millions. Federal Reserve note circulation
shows a further reduction for the week of 3 2 *2 millions, the March
25 total of 2,930*7 millions being 4 7 4 .2 millions below the peak
figure of December 23, 1920 and 117>3 millions below the total re
ported on the corresponding date last year • Federal Reserve Bank
note circulation shows a further decline for the week of 3.8 r.illions
and totaled 175 *5 millions, compared with 179 *3-millions about a
year ago.
........................................................................
'
/
Released for publication Sunday morning, March 27, 1921; not earlier.
St.1875a*
RESOURCES m
liabilities
OF THE TWELVE FEDERAL RESERVE BAMS COI’BIIPD.
(In thousands of dollars)
R E S O U R C E S
Mar, 18.1921
Mar . 25,1921
Gold and gold certificates . . . . . . .
Gold settlement fund - F.R.Board . . . .
Gold with foreign a g e n c ie s ......................
Total cold held by b a n k s ..................
Gold with Federal Reserve At~ents . . . .
Gold redgnDtion fund . ..............................
Total gold rese r v e s .............................
Legal tender notes, silver, etc. . . . .
Total reserves . . . . . . . . . .
,266,431
513,572
'.291,560
509,913
_ _ _
Mar . 26,1920
154,237
363, 132
112.181
b jO ,150
801.873
1, 2'4 5, 50T
_
,
2,210, 7 6 5 /
211,212
2,^21,577
730.003
1*257,807
167.729
1 , 186.829
2,20 5,539
209,250
274l4 , 789
1,934,755
122, 400
2,057,155
Bills discounted:
Sec. by U.S. Government obligations . .
All other .................................................
Bills bought in open m a r k e t ..................
Total bills on hand.................................
1,010,373
1,276,275
123,056
1,000,386
1,224,533
122, 780
U. S. Victory notes
U. S. Certificates of indebtedness:
One-year certificates (Pittman Act)
All other
...............................................
Total earning a s s e t s ......................
2,^09,704
25,847
19
2,347,699
■ 25,845
19
1,441,015
1,008,215
451.879
2,901,109
26,798
68
, 254,375
2,490
2 , 692,435
254,375
. v30,576
2 , 658,514
259,375
3.681
3,191,031
20,522
20,465
11,990
12,428
3,300
0 716,882
" _____2xi5i
5 , 836,269
13,900
5$ Redanption fund against
E, R. Bank n o t e s ....................................
Gold abroad in custody or in transit . .
All other resources
.................................
TOTAL RESOURCES
.....................
. .
12, 068
3,300
59
_ .2*^55,753,167
.
117.776
--
767,675
6.020
6,047,771
l i a b i l i t i e s
Capital paid in . . .
.
. ......................
10 1,113
202,036
101,058
202,036
91,059
120,120
Deposits:
114,685
Due to members - reserve account . .
Other deposits, including foreign
E.R. notes in actual circulation , . , .
F.R. Bank notes in circulation net liability , . . i .........................
Deferred availability
.. ..............
All other liabilities
.............................
TOTAL LIABILITIES : ......................
Ratio of total reserves to deposit and
F.R. note liabilities combined . . . .
Ratio of gold reserves to F. R. notes
in circulation after setting aside
35^ against deposit liabilities
. • •
58,789
27, 711
1,867,125
1 , 674,536
1 , 677,774
_ 5±J|6£_
1,840,887
38,072
100,160
1 * 774,635
1, 994, 996
2,530,729
2, 962,880
3,048,039
175,490
454,279
___ 48.633
5,753,167
179,250
201,392
570,347
46 ,063
5 , 836,269
■ 546,696
45.469
6 , 047,771
50.8$
5 1 .0/0
* 4 2 . 1%
60.7$
60 ,5^
*47 .1fo
* Calculated on basis of net deposits and F ,R . notes in circulation.
Released for publication Sunday morning, March 27, 19 2 1 ; not earlier.
St.1875b.
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MARCH 25, 1921,
R E S O U R C E S
(In thousands of dollars)
Federal Reserve Bank: of
Boston New York Phila* Clevel, Ricbm, Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas San Fran,
Total
3 , 22s
6,590
206,695
Gold and gold certificates
7.308
3,395
4,346 2 1 , 288. 3,350
8,306
2,584
6,844 17,526
291,960
Gold settlement fund - F.R.Board
36,646
Total gold held by banks
313.993 55,029 95,079 29,214 2 1 ,94510 3,133 21,752 27,491 29 , 73 8 16 ,177 4&,6i6
801,873
138,516
233,300 117,209 194,934 47,903 56,035 184,767 58,697 25,156 38,064 16,683 134,193 1 , 245,507
Gold with F. R. Agents
37,696
7,592 17,244
4,464
G61d redemption funa
3,196
36,000 12,659 ...13,32.7. 9.720
4,136
7,1.60 10,121
163,335
212 , 85s
538,293 184,957 303,410 86,837 85,622 305,144 84,913 5 5 .8 4 T 71,938 40,020 190,930 2 , 210,765
Total gold reserves
5,122
Legal tender notes, silver, etc.
4,394 10,755
8,680
3.175
3,595
2,217
211,212
.12*221 . 151.624
^20_ _ 1 .2 1 i _ 5,008
Total reserves
225,791
739,917 188,132 307,005 91,959 90,016 315,899 93,593' 56,333 75,157 45,028 193,14-7 2 , 421,977
B ills discounted: (a)
Secured by U . S.Govt,
igations
69, 248
377,173 111,96 7 61,835 *9,980 57 , 762129,745 37,204 14,106 36,665 11,091 53,597 1,010,373
All other
SO,444
318,651 46,795 76,395 62,173 65,995 235,495 55,440 55,113 67,960 52,315 109,499 1 , 276,275
B ills bought in open market (b)
—
39,386 14,07?. 24,012
3.133
7^4 10,294
10,221
2.030
205
18,954
123.056
Total bills on hand
735,210 172,839 162,242 115,286 125,501 £257534' 94,674 69,219 10^7830 63,406 182,050 2,409,704
159.913
U. S. Government bon da
116
1,255
l ; 435
834
1,233
113
4,490
55C
8,867
1,822
25,847
1,153
3,979
c
U. S. V ic to r notes
10
3
1
J
19
U. S. Certificates of indabtedness:
One year certificates (Pittman Act) 2 1 ,436
59,276 30,280 23,799 12,260 16,664 39 , 61; 13,068
8,480 10,320
8,300 10,330
254,375
All other
1^360
30
2
1
l4i
loO
19
2,490
2J7
' -Tctal earning assets
795,741 206,414 186,915 128,731 141,282 469,63 109,172 77,815 124,159 75,685 194,912 2,692,1+35
121,923
Bank premised
506
1,704
1,628
726
2,827
626
1,742
4,640
20,522
529
599
1,775
5fo Redemption fund against F. R.
Bank notes
616
2,14s / 1,300
1,240
601
465
1,072
916
586
1,936
12,068
523
665
Gold abroad in custody or in transit
241
270
162
1,211j
264
89
86
158
119
3,300
393
155
152
Uncollected items
4 i , 209
1 3 M H T 47,314 53,933 49,690 27,070 79,688 32,203 16,301 41,355 31,789 38,877
593t 64q ,
All other resources
524
526 ___ 1.2.1....
1.720
539
664
547
..494..._____ 9, as*
__ 56s
_5.54...
TOTAL RESOURCES
453,980 1,680,380/444,49 5 551, 61 4 273,274 260,368 872,099 236, 79s 151,729 244,o4i 155,613 428,776 5,753,
? /j’
3. 2-*^
(a) Includes bills discounted for
other F. R. Banks, viz:
14,663
14,663
o
b
i
3,220
________ 4
(b) Includes bankers' acceptances
bought from other F.R.Banks:
Without their endorsement
258
25
1,206
537
5
1
_
fjro
1,310
i
.
Jp.336
Released for publication Snnda3?‘ morning, March 27, 19^1; not earlier*
3t,1875c*
FJESOURCFS ATD% LIABILITIES OF TEE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS KARCH 25, 1521*
(in thousands of dollars)
L I A B I L I T I E S
Total
Boston Hew York Phila- Clevel - Eichm. Atlanta Chicago St ♦Louis Hinn. Kans-Cy, Dallas San Fran.
Federal Reserve Bank
101
,113
T.23S
26,1+ss
S, 599 10.SS0
5,325
^,075 1^,139
M 33
3,^98
U.Ugg
U ,i 3 U.
7 ,2 1 6
Capital paid in
202,036
15,711
56, UiU 17,010 20,305 10,561
2,3^3 28,980
S, 3 U6
6,980
9,159
6,033 1^,19^
Surplus
llU,6?5
Government deposits
9,^72
25 , 2U5 1 1 , 69s
7 , 75S
2,559
9,715 11,913
M 29
U>531
7,562
8 ,6 1 2
5,386
67^,
536
106,379
639,^86 102,023 1U5 . 16U 55,179 ^ 7 , 1+59 237,106 61 , 91+5 1+3,608 75,071 *+6,761 114,351 1,
ace omit
Due to members - re&en
Other deposits including foreign
1-.019
1.063 11,273
51,666
2.078
U66
1 . 03U
U,g?U___ 1^50 6_____ 513
government credits
2.768
2U.122
950
8
Uo ,887
Dgg,
S
53
11^,671
155,000
6
U,
20
U
58,208
253,898
67
,
08
*
+
1
4
8,652
83,652
56
,
U
36
131,010
1
,
118,619
Total deposits
7 sc, 7^0 2U2. 3UU 293,082 1^5,^99 156,026 H g o ^1^ 1 1 5 ,9 ^ 69,303 95,130 59,9^7 232,532 2, 930,729
F. R. notes in actual circulation
259,837
F» R. Bank notes in circulation 175,^90
6,960
6,968 11,667
5,350
8,611
net liability
8,859 13,^20 28,557
31; 300 17,387 21,158
15,253
U5I+,
279
31,701
lU,
6
U
9
37,
*+78
22,128
32,035
. Ul+6 U l, 8o9 U s , 301 37 , 08*+ 18,098 57,502
33,988
Deferred availabilit:’ items
^
8,631
1.730
1,679
2.U67___ 1 .5 85
3,178
2 , 615___ 2.888 l ,7*+2___ 2.198 8.678
All other liabilities
139
TOTAL LIABILITIES
U53 . 980 1 , 680,3 20 l+i+U,U95 5 5 1 ,6i*+ 273, 27*+ 260,368 872,099 236,79s 151,729 2l+U,oUl 155,613 ^28,776 5, 753,167
?.R.
•
Ratio of total reserves to deposit and• 7
note liabilities combined, per cent 59*7
' M E •1 0 R A IT D A
52.7
50.3
68*5
U3.9
U2.0
U3 -o
51.0
*+7.8
1+2-0
Contingent liability as endorser on
discounted paper rediscounted with
other Federal Reserve Banks
38*7
53*1
1*+,663
Bankers’ acceptances sold to other
p. R, Banks without endorsement
(m
3 ,3 H
Contingent liability on bills purchased
for foreign correspondents
2,336
12,125-
2,560*
2,621+
l,5oS
1,152
3,808
1, 50U
SoU
1,536
g32
50 -8
il+, 663
25
y
^,336
1,^72
32,381
FEDERAL RESERVE NOTES OUTSTANDING- AND IN j CTUAL CIRCULATION
F- R. notes outstanding
F. R. notes held by banks
F. R* notes in actual circulation
Bills discounted
Bills bcught in open market
U. S. Certificates of indebtedness
63,393 29U,.Ul 7 3 , 29*+, 87 6
61 . 885
36-*+, 1U7
3 .W 6
232,532
2,930,729
5979^7
259, 837
DISTRIBUTION OF BILLS AMD U . S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES
To tal
Over 30 days
31 to 60 days
6l to 90 days
l6 to 30 days
Within 15 days
2, 286, 61+8
278, 261+
369 , 200
1 , 362,700
*+2,057
23^27
123,056
1 *+, 2U9
36,510
25,26H
*+7,033
256,865
232,010
1+.621
6 . 1+2U
7,255
6,555
273,573
921 , 81+6 266,157 318,121 152,598 161,760 526,882 1*40,571 71,337 10*+, 221
9. PEL
lUi; 106 23:813 25;039
7 ,099___ 5 J 3 _ L U6» 537 2*+, 6 27 .. 2 . 03U
I l 5 ^m+ 69,303 95,130
7S0,‘ 7i+0 2U^3UU 293," 082
Released for publication Sunday morning, Mar&h 27,
19 21 ; not earlier *
FEDERAL RESERVE AGENTS1 ACCOUNTS AT CLOSE OF BUSINESS MARCH 25, 1921*
St.l875d.
(In thousands of dollars)
Federal Reserve Agent at
Boston
ITew York
F h ila .
0level*
Richm* Atlanta Chicstgo St*Loui$
Minn - Kans*Cy.
Dallas San Bran.
12,510
3,4oo
71,337 104,221
22,669
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
Sold redemption fund
Gold settlement fund-P.H .Board
Eligible paperc
Amount required
Exce s s anoun t he Id
TOTAL
106,930
273,573
s, 600
17,916
115,000
135,057
24,856
26s,000 31 , i 4o ^3,230 26,878 78,945
921 ,846 266,157 318,121 152,598 161,760
160, 60S
7,692
23,775
12,820 16,159
56,000 104,389 155,000
-
4,403
43,500
3,500
2,585
50,000
688,546 l 4 g , 94 g 123,167 104.695 105,675
14 ,47 6 11,826 38,021
8,781 18,812
i 4 i,ooo 26,g4o
526,882 140,571
5,96c
14,623
170,144
13,052
40,300
802,442
63,393 294,417 3 , 294,876
4,891
226,386
3 , 55 s l4 ,'24i
104,511
8,234119,952
914,610
4,906
47,831
1,904 3,704
10,200 34,360
342,115
81,874
83,195
12,769
46,181 66,157 46,710 16c, 224 2,049,369
2l,94g 38,622 i£>,43s 20, 6o4
310,354
>78,932 2,126,168 575,280 718,093 340,855 421,277 1, 277,959 320,751 177,132 250,470 165,893 649,738 7 , 702, 54g
L I A B I L I T I E S
Net amount of Jtedksral Reserve
notes received frcm Ccnrp-troiler of the Ourrenc,;/
Collateral received f ran
Federal Keserve Bank:
Gold
Eligible paper
TOTAL
380,503 1,189,846 297,297 361,951 179,476 2 ^ ,7 0 5
667,882 167, 4 n
83,s47 107,621
26,062 334,717 4,097,318
138,516
134,767
425,310
25,156 3S,o64
68,129 104,785
16 ,683 134,193 1,245,507
63 , l 4 g 180,828 2 , 359,723
139,913
233,300117,209194,934 47,903 56,085
703,022 lfcQ, 774 161,208 113,476 124,487
58,697
§4,643
678,932 2,12^,168 575,280 718,093 340,855 421,277 1 , 277,959 320 ; 751 177,132 250,470 165,893 645 ) 73 S 7,702,548
@FedFRASER