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.... STA!fElvlEh"tf :FUR 'J!HE PP..ESS St.339$. Federal Reserve loa~4. March 8, ·192). . Released for publication Frid.aJ' IIOl"n$.1\&• Mar, 9; mt •&rl1er, CONDITION OF FEDERAL RESERVE BANKS Net liquidation of $24,300,000 of d1&counted bills and of $18,200,000 ~! United Stat~s securitie~, as against an increase of $11,200,000 in bills pur• chased in open market, is shmvn in the Federal Reserve Board's weekly bank statement issued as at close of business on March 7 1 1923• A decrease for the week of $33,800,000 in the holdings of discounted bills reported by the three Eastern banks and the banks of Bicbnond, St, Louis and San Francisco is partly offset by moderate increases shown for the other six banks. Deposit liabilities show a reduction of $9,5QO,OOO, While Federal teser~e note circulation increased by $9,400,000, Total cash reserves show a· nominal decrease, as against an increase of $24,300,000 in non~reserve cash. The reserve ratio remained unchanged at 76.2 per cent. Gold ·reserves show a gp.in for the week of $10,800,000. The New York bank reports an increase of about $12,000,000 in its gold reserves, Philadelphia, • an·· increase of $5 1 500 1 000, aM. Minneapolis - an increase of $5,100,000. SJn&ller increases aggregating $9 ,goo ,000 are shown for the Boston, Chidago 1 Dallas and San Francisco banks. Cleveland reports a deerease in its gpld reserves of · $13,900,000, while the four remaining banks show decreases aggregating $4,900,00Q. Holdings of paper secured by Government obligations show a reduction for the Of the total held on March 7, $152,~00~000, · or 46.1 per cent, were secured by u. s. bonds, $2,1CO,OOOJ or .6 per cent, by. · Victory notes, $165,600,000, or 50.2 per cent, by TreasUry notes, and $10 1 300 1 000 1 or 3.1 per cent, by Treasury eertifica.tes, compared with $167 ,!$00 1 000,: $2,200,000, $173,7CO,OOO and $7,600,000 reported the week before, week trom $356,000,000 to $330,100,000. A summary of Changes in the ~rincipal assets and liabilities of the reserve banks on March 7, 1923 as compared with a week and a year ago, follows: Total reserves • • • , Gold reserves • , , .. . . . .. • • • • 4' • • . . . • • • Increase or Decrease Inmillions of dollars since Feb, 28 a 1923 1'larch 8 1 1922 ... .3 + 10,5 + + 107.3 117,3 . Total earning assets • , , • , • , • • • • Discounted bills, total Secured by u. S. Gavernnent obligations Other bills discounted •• , • • • • • + 31.3 24.3 26.0 1.7 + 91.6 151,2 Purchased bi 11 s • , • • • , • , , , , • , United States securities, total , ••• , :Bonds and. notes • • , • , • • • , U. S, Certificates of indebtedness . , • + 11,2 ... 18.2 ... + 117 .o +' 99.0 30,8 68;;2 I , , , , • Total deposits , • • • , , , • , •• Members' reserve deposits Government deposits • • , •• , • • Other deposits • ~ j I • • • , , , • , • • • • • , - , I , Fader~ Reserve notes in circulation • • • F. R. :J.:.mk notes in circulation net liability , • , , . • • . , • • • .. • ... ... - lb.') 2,2 9.5 7.9 4,6 + 3.0 + 9.4 + 41.7 .l + 59.6 + + 162.8 159.8 14.6 11,6 + 58.9 76.?5 -· · Re1eafi4.. for p\lb1ication Friday morning, March 9. 1923; not earlier, et.3398a RESOURCES AND LIABILITIES OF THE TV1'ELVE FEDERAL RESERVE BAl'il:·~S COJ.IiiBINED (In thousands of dollars) RESOURCES _Mar. 7, 1923 Feb. 28, 1923 Mar. 8, 1922 380.823 302,611 311 t 550 Gold and gpld certificates • , • . . • • . 491,294 6o4,co8 645,285 Gold settlerr.ent fund - F. R. Board • • • • 812,117 906,619 956.835 Total _gQld held by banks • 2,030,161 2,074,043 2,108,767 Gold with Federal Reserve Agents • 63,595 57,427 52,763 Gold redemption fund • , • , , • • 2.965,873 3.072,313 3,083,641 Total @Pld reserves 128,087 12S,787 117,633 Reserves other than gold .. ... -- ... • t • • 3.201,274 Total reserves 70,144 Non-reserve cash , • • • • , • , • . . • . Bills discoUnted: · 330,093 sec. by U,S, Government obligations • • 241 J 39J~ Other bills discounted , • • . • , • • • 218,886 :Sills bought in open market • . • • , . 3,201,600 45,824 3,093,96o 356,039 239,721 207,678 23S ,497 392,544 101.931 790,373 157,976 186.911 803,4-}8 732,972 173,975 189,099 188.773 255,068 102 . . 1,135,260 1,166 t 512 1,176,915 47,937 47,863 37.394 Total bills on han<; .. • • • • U, S, bonds and notes , • . • • . . • U. S. Certificates of indebtedness • • , , Municipal warrants • . • . , . . Total earning assets , . . , • . • :Bank premise s , . , • • • . • • . , . 5~ Redemption fund against F. R, Bank notes • • • , •• Uncollected i terns , , , • • • . All other resources •• TOT.AL RESJ URCES .. 311 618,956 ~ 17,1~ ... 5,0~ /,00 L I AB I L I T I E S v 108.852 Capital paid in, • • • • , 218.369 Surplus . . . , . . , . . . • • Deposits: 38.773 Government , • . • , , • . • , , • , •• 1,879,697 Member bank - reserve account 24,392 Other deposits • • . • • , . . , . 1,942,862 Total deposits • , . . . . . • ' • • c . .. ... F. R. notes in actl;al circulation ... , • 2,256,302 F. R. Bank notes in circulation -r • • 2,788 net liability , • . • , • • , • • , 549,513 1J:> Deferred availability items • • • • 12,3~ All other liabilities , , . TOTAL LIABILITIES , • , 5 •09o.,.995/, ()Oi..) Ratio of t·otal reserves to deposit and F, R. note liabilities combined , , •• *NOt sho\vn separately prior to w. 76.2% J~uary 1923, 311 608,167 c _____!§ a~:e-()o? * 8,173 486,190 16,216 5~087 ,otfr-8'( 4,818,348 108,867 213,369 103,802 215.398 43,401 1,887.552 21,364 24,207 1 t 719,910 . 35,938 1,952,317 1,780,055 2.246,943 2,197 ,l.J.34 2,645 546,254 11,6gr'1 79,633 42:t,418 ~,108 5,087 .Q16-<ii 4.818,848 Released for public at ion Friiay morning, l•!a.rch 9, 1923;· not earlier. BE SOURCES .AND LIABILITIES OF THE FEDERAL RESERVE BMTKS AT CLOSE OF BUSINESS, MARCH 7 1 1923. (In thousands of ucllars) RESOURCES Federal bae-rve Bank of Gold and gold certificates Gold Settlement fund - F. R. Board Total gold held by banks Gold with F. R. Agents Gel~ Redemption fund Total gold reserves Reserves other than gold noston 19,900 38,119 58,019 170,942 8,514 New York Phil a. Cleve. Rich. .Atlanta Chicago St. Louis lVIL"lll. Kans.Cy. Dallas San !"ran. 144,503 22,103 12,570 6,910 5,678 52,679 261.805 35, 9fiJ 76,560 26,655 14,961 70,014 5,440 6~427 2,961 11,091 19 ,E96 .32,676 11,~)76 41,474 311,550 645,285 406,308 5b,072 89,150 33.565 20,639 122,693 11,367 36,428 35,657 23,067 61,370 956,835 624, 569 163,7 59 207' 239 62,36:i. 109,497 364,071 79,734 46,606 55,061 14,207 175.997 2,074,04 3 11,471 6,583 1,852 4,755 1,096 6, 789 1,318 4,508 3,388 1,060 1,429 52,763 . 237,475 1,042,348 228,414 298,241 100,681 131,232 493,553 94,989 ~.579 7,799 28,629 Total 19' 199 6,015 3,567 11,812 7.952 19 ') 31 19,243 84,094 92,147 1,076 4,189 38,592 241,875 3,083,641 4,806 5,253 111,633 247,054 1,061,547 234,429 306,808 112,493 139,154 513,490 114,232 85,170 96,336 43,398 247,133 3,201,274 Total reserves 10,058 2,961 3,523 6,574 5,106 3,369 8,576 70,144 .Bills bought in open market 19 '707 21,882 12,854 1,34o 12,015 170,341 34,004 12,756 16,027 2,934 45,770 7 '765 1,463 5,416 29,898 11,541 14,877 25,361 16,421 30,983 11,092 15,107 13,368 16,712 34,152 680 9,659 29,499 10,162 4,182 1,077 21,252 32,580 29,480 28,687 33,774 330,093 241,394 216,836 Total bills on hand U. S. bonds and notes 54,443 5,374 229,719 74,232 66,407 42,068 29,064 106,252 29,019 20,757 19,361 39,804 73.747 12,836 24,438 12,355 1,341 561 7,209 18,145 11,923 33,299 2,879 27,616 790,373 U. S. Certificates of indebtedness 22,073 12,329 Non-resarve cash .Bills discounted: Secured by U.S. Govt. obligations Other bills discounted ':t'otal earning ::l.SScltS Bank premises 81,890 4,434 13,220 4,632 3,358 25,259 7,927 14,531 66,491 10,708 255,775 103,302 104,021 43,409 1,~55 729 44,156 179,952 57,872 33,4o9 10,872 926 1,052 3,~05 12,413 9.729 7,126 Uncollected items All Qther resources TOTAL R"ESOURCES c ' 52,262 · 466 118,592 50,619 65 53,866 54,893 27,575 91,791 40,509 16,227 1, 744 ____6_3_6_ _ 963 _443_ . ?Ol 1, 2~1:) 5?~ _}_,879 186,911 65,573 52,412 11},489 1,135,260 4,790 1,937 1,962 47.937 200 46 4o,536 26,573 4o,513 311 618,956 5~b Redem.Ption fund against F. R. Bank notes 157.976 1, 244 ___ 2, 241 -- 5, 1~1/ 17, 1~ - -----·-·---·- 398,435 1,458,583 392,623 481,720 2171378 221,554 801,913 219,229 1391692 212 1 587 130,476 416,80~ 5,099-;~ . '·bod.. 7 Releas'3d for p·blication Friday morning, March 9, 1923; not earlier. RESOURCES AND LIABILITIES OF TIIE FEDERAL RESERVE BAN:(S .AT CLOSE OF 'BUSINESS NI.ARCH 7, 1923. St.3393c. L I ABI L I T I E S (In thousands of dollars) , ~· Federal Ii~-rve Bank Capital paid in Surplus Deposits: Goverrunent Member bank - reserve account Otner deposits Total deposits F. R. notes in actual circulation F. H~ Ear~ notes in circulation net liability D3ferred. availability Hems All other lia.bili ties .-..·· TO'I'.At.. LIAB.l:LITIES Ratio of total reserves to deposit and F. R. note liabilities corr:bined, per cent Contingent liability on bills pu.rcl'lased for foreign corres:J::-ondents Boston 3,046 16,312 1,772 123,700 672 126,144 202,499 New York Phila. Cleve. Rich. 29,123 9,609 11,951 5,656 59,300 13,749 23,495 11,233 Atlanta Chicago St.Louis 4,420 14,964 3,942 30,393 4~907 9,665 Minn. Kans.Cy. Dallas San Fran. 3.570 7,473 4,655 9,488 4,132 7,764 7,496 15,263 Total 108,852 218,369 10,307 579 4,366 1,553 3,053 4,373 2,978 2,481 2,248 1,672 2,386 38,773 683,969 115,821 152,552 62 ,)13 55,6~3 280,978 73.972 51' 776 82,459 54,605 141,909 1,879,697 9,985 1,515 2,378 246 273 1,064 76o 1,563 1,701 346 3,884 24,392 70~,761 117,915 159,296 64,112 58,969 236,420 77,710 55,325 86,408 56,623 148,679 1,942,362 570,391 200,809 232 '323 36,355 123,654 394,691 37,035 56,446 65,234 31,210 205,150 2,256,302 431 1 ,C95 462 ( 2, 788 44,945 91,839 44,733 53,637 48,963 24,951 73,707 39,154 15,503 44,405 23,308 38,763' 549,513 439 2,669 758 963 504 618 1,302 758 870 502 1,695 1,181( 12,3~/1. 398,435 1,453,588 392,623 481,720 217,378 221,554 801,913 219.,229 139,692 212,537 130,476 416,800 5,09~ 7 75.2 78.3 73.6 76.2 75.4 49.4 75.9 1 oo~ 76.2 / o, 2,132 8,124 2,444 3,070 1,478 1,163 3,951 1,251 966 1,222 1,023 2,018 FEllERAL RESERVE l\OTES OUTST.Al'IDING AND IN ACTUAL CIRCULATION F. R. notes outstanding F. R. notes held by banks F. R. notes in act1.:al circulation 221,029 18,530 202,499 w. • http://fraser.stlouisfed.org/ t Bank of St. Louis Federal Reserve DISTRIBUTION OF BILLS AND U. S. CERTIFICATES OF INDEI>TEDNESS BY MATURITIES 16 to 30 days 31 to 60 days 61 to 90 days Over $10 days 15 days 419,826 61,624 61,405 Within Bills disco~ted Bills bought in open market U. S. Certificates of indebtedness 755,515 226,727 252,337 96,600 129,473 441,646 106,639 59,687 72,247 34,107 254,176 2,650,183 185,124 25,918 20,009 9,745 5,319 46,955 19,604 3,241 7,013 2,897 49,026 393,831 570,391 200,809 232,323 86,355 123,654 39L~,691 87,035 56,446 65,234 31~210 205,150 ::> 256,302 33.993 39,323 59,752 64,662 37,865 44,344 20,051 3,933 125,506 Total 571,437 218,336 186,911 ,...eleasei for pu.blic:.<.tion F:::-Liay morning, March 9, 1923; St. 339Sd. not earlier. FEDEP..AL RESE"RVE AGENTS' ACCOUl~S AT CLOSE OF BUSINESS, MARCH 7, 1923. (In thousands of dollars) Federal Reserve Agent at Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mirn. Kar~.Cy. Dallas San Fran. Total RESOURCES Federal Reserve notes on hand Fed'-"'):::·:11 Re 3erve notes outstanding Coll2.t..e.!.·d security for Federal Reserve notes outstanding: C~ld and gold certificates Gold. redemption fund Gol0. :f·c•nd - F. R. Board Eli;:'_l;le paperAT o ... J.lt req_uired :E·:c8ss amomt held TOTAL 85,000 221,029 335.590 51,000 34,520 29,540 72,943 755,515 226,727 252,337 96,600 129,473 108,960 22,740 9,630 20,210 21,264 61,725 853,122 441,646 106,639 59,687 72,247 34,107 254,176 2,650,183 20,300 17,642 133,000 250,531 7,ooo 13,275 2,4oo 33.038 10,370 13,964 2,566 5~597 341,000 145,839130,000 59,795101,500 9,380 13,052 . 16,426 4,854 1,554 3,701 347,645 65,500 32,000 51,360 50,087 4,356 130,946 62,96S 45,098 34,239 19,976 76,792 4,083 18,285 6,619 9,080 6,461 322,399 1,746 12,807 124,765 6,000163,190 1,626,!379 77,575 26,905 13,081 17,186 19,900 78,179 576,1~5" 28,677 2,114 7,212 2,675 19,710 5~1 180,1p1 531,414 1,923,412 508,537 557,479 229,359 340,969 1,020,929 238,132 136,216 167,379 109,138 570,6]5 6,333,6'9 ,.._, L I AE I L I T I E S Net an,o<Jnt of Federal Reserve notes received from Corr~ t=oller of the Ct~rency 306,029 1,091,105 277,727 286,857 126,14o 202,416 550,606 129,379 69,317 92,457 55.371 315,901 3,503,305 Collateral received from Federal Reserve Ba11k: Gold Eligi"ble paper 170,942 54,443 364,071 79,734 46,606 55,061 14,207 175.997 2,074,043 106,252 29,019 20,293 19,861 39.610 78,7~ 756.~~1 TOTAL 624,569 163,759 207,239 62,361 109,497 207,738 67,051 63,383 4o,858 29,056 531,4141,923,412 508,537 557,479 229,359 340,969 1,020,929 238,132 136,216 167,379 109,188 570,6J5 6,333,6~9 :t ..3 w. • --------------------~~~ -- ---- tl -...________ ___ ~--
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