The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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STATE!1'!2NT FOR THE P~.ESS
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The consolidated statement of condition of the .Yederal reserve banks on March
26, 1924, made public by the Federal Reserve Board, shows an increase of $51,000,000
in holdings of discounted bills and of $8,300,000 in P£ceptances purchased in open
market, partly offset by a redu.ction of $39,400,000 in Government security holdings.
Federal reserve note circulation declined by $7,100,000 and cash reserves by
$10,100,000.
Increases of $47,400,000 and $11,300,000, respectively, in holdings of discounted bills <1re reported by the Federal Reserv3 Banks of New York and Chicago,
compared with reductions of $50,500,000 and $10 1400,000 reported by these banks the
week before\ Cleveland 1 Richmond and San Francisco show a total increase of
$4 1 700,000, while Kansas City reports a decline of $3,200 1000·, Minneapolis a decline
of $2,800,000, and Atlanta a decline of $2,300 1000. Holdings of bills secured by
Government obligations increased by 847 1 ~00,000, aggregding $21l~,700,000 en March
26, Of this amoUnt, $127,500,000 were secured by Lioarty and other U. S. bonds,
$80,100,000 by Treasury notes, and $7,100)000 by Certificates of indebtedness.
All Federal reserve banks report smallc :· holcHne;s of ac.:!eptances purchased in
'open market, except New Yo"rk and Atlanta which show increases of $26,500,000 and
$500,000, respectively. The Cleveland bank shews a reduction of $4 1900)000, Chicago
a reduction of $3,200,000, and San Francisco a reduction of $2,800,0004 A net reduction of $39 1400,000 in Goverrinent security holdings is shown for the week, purchases in open market being more thar .offset by the redemption of $58,000,000 of
special one-day certificates held on March 19 •
An increase of $6,600,000 in Federal reser~TE~ note circulation is shown by the
Cleveland bank and a combined increase of $},000,000 by Boston, Philadelphia and
Atlanta, while declines of $5,900,000 and $4,900, COO are :reported by Chicago and
New York, respe<rtively, and a combined decrease of $5,800,000 by the remaining banks.
Gold reserves declined b;y $8,900,000 during the week, and reserves other than gold
by $1,2001000,
A summary of changes in the principal assets c~d liabilities of the reserve
banks during the week and the year ending March 26, 1924, foll·OwS:
Increase or d ecre3.Se duringYear
Week
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'- $10,100,000 + $46 800 OQ 0
. ..
8,900,0CO + 59,200,000
...
"+ 19,900,000 - 261,600,000
Total earning assets . .
+ 51,000,000 - 21717001 QOQ
Bills discounted, total . . .
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Secured by u.
Government obl igat i ens
+ 47,800,000 - 173, 6oo, ooo
Other bills dis counted . . .
3,200,000
44,100,000
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Total reserves •
Gold reserves
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St'. 3999
Federal REtserve Board,
March 27, 1924.
Released for publication
Friday mom:ing, Mar 28;
not earlier,
CONDITI0i1 OF FEDERAL RESERvJ': J.'.NKS
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Bills botcght in open market
u. s.
.•
Government securities 1 total
Bonds
.
Treasury notes • •
Certificates of indebtedness
. . . .. . . .. .... ..
.. . .... ..
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*
Federal Reserve notes in circulation
.. .
. . . .. .
.
. . .... .... . . . . .• .
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c,
39,400,000
500,000
2, 100,000
42,000,000
7,100,000
......
Total deposits
Members' reserve deposits
Government daj_:osits •
Other deposits
•
8, 300) coo
+
.-
5,000,000
68,600,000
66,30:),')00
2,700,000
1
51,800 I 000
+
+
7,800,000
10,500,000
33,800,000
151500,000
- 249 1 800 1000
+
+
30,800,000
41,000,000
lC,ZOO,OOO
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Released for publication Friday morning, March 23 1 1924.
!?;=i;SOLfHCES AND LI.ABIL:TL:.:S
OF THE TV'ELVE FEDERAL RESERV:E; o;JTKS COMBINED
(In thousands of dol:a.rP)
Mar. 2~924
Mar. 19. 1924
Mar~28,
192l
RESOURCES
Gold with Federal reserve agents • • . . .
G~ld redemption fund with U. S. Treasury •
2,082,659
56~945
2,093.170
__52,764
2,139,604
2,150,934
2,034,099
55,586
2,089,685
6o5,918
377,422
6oS, 747
374, 1G4
653,708
320,401
3,122,944
100,107
3, 131,845
101,352
3,065, 794
112, 1+94
3,223,051
3, 233.19 7
3,176,288
51,054
51,137
65,815
214,656
267' 659
482,315
1661826
2641425
388,238
311,781
431,251
700,019
202,458
194,203
254,251
13,264
174,577
103,836
Total U. S. Governrr.apt s;:;:curi~
All other earnin~ assets
18,801
176,704
61' 751
257,256
51
296,677
51
29.303
*142, 905
77' 201
249 ;409
41
'l'otal earning assets • . . . . . .
5% Redemption fund - F. R. Bank notes
Uncollected items . • . . . . . .
. .
Bank premises . •
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All other :resources
• . . . .
942,080
28
557,304
55,864
21,4S6
922,132
28
631,527
"""') 466
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21,286
1, 203,720
.191
559,481
48,347
13,583
4,850,867
4,964,823
5,067.930
F. R.. notes in actual circulation . . . .
Bank notes in circulatia1 - net
Deposits:
Member bank - reserve account • . .
Government • • .
Other deposits . . . .
1,982, 706
382
1, 989,848
389
2,232, 482
21435
1,9121411
75,191
19,514
1, 9811042
1,3 TL, 373
85,432
191465
Total deposits . .
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De£ erred a.vai lability items
Capital paid in • • .
Surplus • . . . .
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All other liagilities
2,0071116
513,762
110,831
220,915
Gold held exclusj.vely against F. R. notes
Gold settlement fund with F. R. Board
Gold and gold certificates held by bankS •
Reserves other than, gold • . . . .
Total rese?:ves
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Non-reserve cash . . . . .
Bills dis counted:
Sec. bW U. S. Government obligations ••
Other bills discounted .
Total bills discounted
Bills bought in open market
U. S. Government securities:
Bonds .
. . . . . • . .
Treasury notes . . . . . . . . . .
Certificates of indebtedness .
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TOTAL RESOURCES •
L I AB I L I T I E S
F. R.
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TOTAL LIABILITIES • •
__!,~!55
~,029
1,9761270
515,298
108,623
218 t 369
- 141453
41850,867
4,9641323
5,067,930
Ratio of total resa:rves to deposit and
F. R. note liabilities combined
80.8%
Contir.gent liability on bills purchased
for foreign correspondents . . . • . . .
11,033
c.
8,856
22,233
2,012,131
616,683
110,82&
220,915
75-5%
9, 769
"*Including Victory notes.
for publication on Friday morning, March 28, 192i+; not earlier.
St. 3999b.
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AS AT CLOSE OF BUSINESS, MARCH 26, 1924.
RESOURCES
(In thousands of dollars)
Federal Reserve Bank of
Boston New York Phil a.
Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total
· Gold with Federal Reserve Agents
187,852
635,878 179,8C9 203,340 44,781 101,778 320,560 66,089 58,851 55,840 18,776 209,105 2,082,659
; Gold redemption fund with U, S.Treas.
1,830
3,892
5,922 12,375
4,157
3, 057
6,141 1,94 7 2, 551
3,237
56,945
3,177
8!659
Gold held exclusivell against
F. R. notes
196,511 641,800 192,184 207,232 48,938 104,835 326,701 68,036 61,4o2 59,077 20,606 212,282 2,139,604
· Cold. set tlernent fund with F, R, Board
&old and gold cert if. held by banks
62,105
18,177
· ·Total P.;Old T'eserves
276,793
Reserves other than gold
8 1081
~C~al 1.'0S3TVdS
284,874
· Non-reserve cash
<Bills discounted:
Sec. by U. S, Govt. obligations
Other bills discounted
Bills bought in open market
U. S. Government securities:
Bonds
Treasury notes
Certificates of indebtedness
983,185 266,343 326,467
10, 38 0_.!3_,_985
1 1 021
~478 ___h§l6 __ ),877
100,101
94,767 133,280 512,282102,801 82,793 105,76o 49,624 280,875
3,223,051
8,.!2_g_ 2,679
10.181
7,288
5,224
4,201
745
3,097
l.2, 887
9,625
77,637 26,937 22,362
16,225 11,777 1?,981
18,427
37.348
7,874
37,199
21,618
38,209
11,725
22,240
671
12,153
2,473
18._422
22,512
19,154
93,862
YJ, 245
55,775
2,395
45,073 59,827
9,581 30,056
34,025
6,245
12,824
918
21,767
7 1 48.}
1,191
2, 703
1 1 2.}1
4,426
154
3,726 23,353
1,478__!b5Ql
4,6o3
2 1 008
30,168
5,125
5,358
39,280
6, 611
19,297
All other earning assets
Total earning assets
60,963
; 5i Redernpt ion fund.... F. R.Bank notes
· Uncolllscted. items
48,545
Bank! premises
4,312
Al~ other resources
_'..2_5
TOTAL RESOURCES
2.111
10,986
9,384
2,848
542
13,9 75
-4,780
Total U. S, Govt. securities
28,180
15,386
6,294
36,406 10,002 121,639
6, 744
7,662 53,562
3,124
4,047
Total bills discounted
41,264
38,650 9,956
6o5,918
_?_2,452__3 77,422
3,555 12,446
955,005 263,566 318,315 92,088 122,499 501,902 89,716 81,772 101,282 43,008 276,998 3,122,944
129.935 30,907 98,682
183,270 40,475 12,4ol
11,783
21096
38, 714 41,343
14,163 20,614
1,202
5~
35,246 20,321
15.297 2tll2
51,845 22,982
3,328
51,054
572. 11,408
g), 282 37,198
214,656
267,659
3,273
20,900
8,449
8 '08 7
8,854
28,077
48,6o6
16,392
482,315
202,458
7,651
4,434
4!170
382
10,586
J 1 J44
1, 785
14,921
.}1059
1
18,801
176,704
6ll 751
16,255
14,312
21,069
2tl88
19,765 26,258
21
184,952 75,910
257,256
21
92,125
63,295
60,012 129,163 46,381
118,425 51,879 56,071
1,113 9.117
14,373
262
291
2,959
51,455
2,528
lfo2
25,698
2, 702
981
74,771
8,264
1)q8
37,166 4},661
56,696 91,256
28
20,127
29,485 11,748 31,142
37,958
1,66o 2,484
2,805
1,911
4,5~5
8
6
41810
42203
5.882
151
942,080
28
557,304
55,864
21' 486
402,836 1,315,677 397,6o3 487,195 215,295 229,961730,302 185,185 140,818 189' 101 136,469 420,425 4,850,867
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publi~ation
Friday morning,
RESOURCES AND
V~ch.28,
1924; not earlier.
St.3999c
LIAbiLITIES OF TEE FEDERAL RESERVE BANKS AT CLOSE JF l:USINESS, MAHCH 26, 1924.
LIABILITIE.S
(In thousands of dollars)
. Fed.aral Reserve I3ank of
Booton New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans. Cy. Dallas San Fran.
Total
:, F. H. notes in actual ~~irculation
204,265
363,857 201,292 227,315 83,330 134,194 324,084 67,739 66,729 63,872 43,270 202,709 1,982,706
F.R. Bank notes in circulation- net
382
382
Deposits!
1kmber oank - reserve ac~nt
118.153
725,981 113,063 161,526 61,812 56,229 281,601 69,858 48,142 75,196 53,833 147,017 1,912,411
· Government
8,297
22,2s2 4,349 8,097
3,661
5,712 9,176 2,4oo 1,505 2,295 3,181
4,236
75,19~
Oth3r deposits
247
10,958
231
998
159
108 1,229
397
j45___ 54_7- 21~-~07§___ _!~,_?}_~-.
Total deposits
126 ,697
759,221 1171643 170 1 021 65,632 62,049 292,006 72,655 4'3 1992 7o,033 57,233 155,329 2,007 I 116
:~·I:eferred avaih~bility items
47,147 100,203 47,993 51,939 47,879 18,849 67,086 28,910 11,981 32,509 21,670 37,596 513,762
Capital paid in
7,915
29,733 10,138 12,432 5,845 4,509 15,030
5,070 3,455 4,519 4,194
7,891 110,831
S1:r.? lus
16,390
59,929 19,927 23,691 11,672 8,950 30,426 10,072 7,484 9,496
7,577 15,301
220,915
J..".:.i. otl::s.r lia.Hli ties
422
21734
610 1,147
93 7 l ,410 1,620
689 1,177
667 2,143 1 I 599
15,155
~JTAL LIADILITIES
4o2,836 1,315,677 397,603 487,195 215,295 229,~01 730,302 185,185 l4o,Sl8 189,101 136,469 420,425 4,850)367
~tio
of total reserves ~o deposit
and F. R. note liabilities
. C'.Ombined , per cent
86.1
32.0
67.9
83.2
73.2
49.4
70.9
78.4
80.8
~~Continzent
lia0ility on bills
Jrurchased for fcreign
corres:po~1d
;:n:ts
{·1'. R. notes outstanding
. F. R. notes held by banks
.~F. R. notes in actual circulation
l3i lls discounted
; Bills bought in open rr:a1·ket
· U. S.. Certificates of indebtedness
; Municipal warrants
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http://fraser.stlouisfed.org/
•,
Federal Reserve Bank of St. Louis
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2,960
1,105
1,333
501
553
FEDERAL RESEEVE NOTES OUTSTANDUTG .At·m IN .ACTUAL
223,039
660,226 225,116 244,863 92,010 149,301 360,336 83,349
18,774 296,369 23,824 17,548 8,680 15,107 36,252 15,56o
204,265 363,857 201,292 227,315 83,330 134,194 324,034 67,789
DISTRIEUTION OF DILLS AND U. S. CERTIFICATES OF INDEETEDNESS
~ithin-15 days
16 to 30 d~s 31 to 60 d~s
61 to 90 days
292,787
83,089
43,014
41,161
68,572
49,817
410
1,698
51,597
21,884
9,136
524
433
866
11,033
CIRCIJLATION
71,397 75,804 48,213 256,289 2,489,943
4,668 11,932 4,943 53.580 507,237
66,729 63,872 43,270 202,709 1,932,706
AND MUNICIPAL r:ABF.ANTS :2Y MATURri'IES
Fron. 91 days
Total
Over 6 months
to 6 months
482,315
6,520
19,825
202,456
1,507
61,751
52,615
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for publication Friday mornir¥_:;, !vla~ ~:n 28: 19t:::4; not earlier.
FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, MARCH 26, 1924.
(In thousands of dollars)
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St. 3999d.
Federal
f
Reserve Agent at
Boston
New York
Phila.
Cleve.
Rich.
Atl~~ta
Chicago
St.Louis Minn. Kans.Cy. Dallas San Fran. Total
RESOURCES
Federal Reserve notas on hand
Pederal Reserve notes outstanding
1.
Collateral security for Federal
Reserve notes ou.tstand.ing:
f
Gold and gold certificates
~
Gol¢1 redemption fund
Gold fund - F. R. Board
Eligible
paper r
.Ar:1ount required
Excess amount held
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101,300
223,039
282,060 49,J20 51,090 39,190 75,497177,180 27,300
660,226 225i 116 244,863 92,010 149,301 .)Go ,336 83,349
35.300
14,552
1}8,000
238,531 14,000 8,780
2,400
9,985 13,052
31,347 14,420 12,560 3,486 8,378 6,915 4,104 1, 799 3,480
366,000 151,389 182,000 41,295 91,000 313,645 52,000 44,000 52,360
35,187
6,479
17,405 30,C93 30,127 81,520 962,082
71,397 75,804 48,213 256,289 2, 489,943
7,681
329,729
3.595. 15,353 119,989
7,500 193.752 1,632,941
24,348 45,J07 41,523 47,229 47,523 39.776 17,260 12,.546 19,964 29,437 47,184
93,252
625 20,426 9,871 6,109 49,845 20,838
7,339 8,807 6,522 16,733
407,2E:4
246,846
553,857 1,~5. 764 500,177 561,242 233,081 380,208 947,697 214,836 167,538 190,508 133,075 610,83l 6,188,814
L I AB I L I T I E S
Net amount of Federal Reserve notes
:received from Comptroller
of the Currency
Collateral :received fr.om
Federal reserve b~:
Gold
Eligible paper
TOTAL
c.
324,339
942,286 2]4,436 295,953 131,200 224,798 537,516 110,649 88,802 105,897 78,340 337,309 3 1 452,025
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ls7,852
41,666
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635,878 179,809 203,340 44,781 101~778 J20~56o 65:o89 58,851 55,840 18,776 209,105 2,082:659
117,6o0 45,932 61,949 57,100 53,632 89,621 38,098 19,885 28,771 35,959 63,917 654,130
553,857 1,695. 764 500,177 561,242 233,081 )80,208 947,697 214,836 167,538 190,508 133,075 610,831 6,188,814
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