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'4 STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Friday morning, May 1; not e a r l i e r . S t . 4511 Federal Reserve Board, April 30, 1925. CONDITION OF FEDERAL RESERVE BANKS The consolidated statement of c o n d i t i o n of the Federal reserve banks on April 29, made p u b l i c by the Federal Reserve Board, shows decreases of $12,400,000 in holdings of discounted b i l l # , of $8,700,000 i n acceptances purchased in open market, and of $4,000,000 in Government s e c u r i t i e s , r e s u l t i n g in an aggregate reduction of $25,100,000 i n t o t a l earning a s s e t s . Total deposits went down $30,400,000 and Federal reserve note c i r c u l a t i o n $3,800,000, while dash r e s e r v e s increased $7,400,000. A d e c l i n e of $21,600,000 in holdings of discounted b i l l s Federal Reserve Bank of New York and of $4,600,000 by Boston, bank shows an increase of $6,400,000 i n discount holdings and chow increases of $2,400,000 each. The seven remaining banks changes f o r the week i n discount holdings. is reported by the while the Richmond Cleveland and Chicago report smaller Acceptance holdings of the New York reserve bank went down $6,700,000 during the week. The San Francisco and Boston banks a l s o report decreases of $2,700,000 and $2,300,000, r e s p e c t i v e l y , i n t h i s item, while Chicago shows an increase of $2,500,000. The System's holdings of Treasury c e r t i f i c a t e s of indebtedness declined $2,000,000 and of Treasury notes $2,200,000, while holdings of U. S. bonds increased $200,000. The p r i n c i p a l changes in Federal reserve note c i r c u l a t i o n during the week comp r i s e increases of $2,800,000 and. $1,500,000 reported by the Cleveland and P h i l a d e l phia reserve banks, r e s p e c t i v e l y , and a decrease of $1,900,000 reported by Richmond, and. of $1,500,000 by San Francisco. A summary of changes i n the p r i n c i p a l a s s e t s and l i a b i l i t i e s of the reserve banks during the week and t h e year ending April 29, 19 25, f o l l o w s : Increase or decrease during Week Total reserves Gold reserves * +>$7,400,000 + 6,800,000 Total earning a s s e t s . . . B i l l s discounted, t o t a l Secured by U. S. Government obligations . Other b i l l s discounted B i l l s bought in open market - 25,100,000 - 12,400,000 - 4,100,000 - 8,300,000 Year - $229,500,000 - 269,300,000 + 154,400,000 47,200,000 + 54,700,000 - 101,900,000 . . . . . . . . 8,700,000 + 142,300,000 U. S. Government s e c u r i t i e s , t o t a l . . . . . Bonds Treasury notes C e r t i f i c a t e s of indebtedness . , 4,000,000 4" + 47,400,000 200,000 2,200,000 2,000,000 + 65,900,000 20,200,000 38,700,000 Federal Reserve notes in c i r c u l a t i o n . . . . . - 3,800,000 - 242,100,000 Tbtal deposits Members' reserve d e p o s i t s Government d e p o s i t s . Other deposits . - 30,400,000 - 28,600,000 - 3,400,000 + 1,600,000 + + 182,000,000 189,600,000 5,400,000 2,200,000 Peleased f o r p u b l i c a t i o n Friday morning, May 1, 1925; not e a r l i e r . St. 4511a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAm'S COMBINED (In thousands of d o l l a r s ) RESOURCES Gold with Federal reserve agents . . . . . . Gold redemption fund with U.S. Treasury . Gold held exclusively against F.R. notes Gold settlement fund with F. R. Board . Gold and gold c e r t i f i c a t e s held by banks Total gold reserves . Reserves other than gold Total reserves . . . . . . . . . Non-reserve cash . . . . . . . B i l l s discounted: Sec. by U. S. Government obligations . Other b i l l s discounted Total b i l l s discounted . . . . . B i l l s bought in open market . . . . . . U. S. Government s e c u r i t i e s : Bonds Treasury notes C e r t i f i c a t e s of indebtedness . . . . ' ! 1,547,198 51,3% 2,851,102 142,009 2,993,111 54,536 2,985,754 55,757 3,222,609 49,811 215,871 184,114 219,920 192,455 161,164 286,021 399,985 266,828 412,375 275,501 85,138 241,980 84,930 244,202 ' 23,949 353,081 1,598,543 636,928 615,631 349,039 10,500 1,400 . Apr. 22, 1925 Apr.30.1924 1,563,377 50,639 I,6l4,0l6 632,337 597,910 2,844,263 • l4i,49i 21,921 Total U. S. Government s e c u r i t i e s . Foreign loans on gold All other earning a s s e t s . . . . . . . Total earning a s s e t s 5/* Redemption fund — F. R. Bank notes Uncollected items Bank premises . All other resources . Apr. 29, 1925 1,027,752 592,804 59,266V 22,28fr 2,088,317 50,749 2,139,066 610,622 370,701 3,120,389 102,220 . 447,185 124,485 19,269 221,771 60,620 301,660 10,500 l,4oo 51 1,052,857 873,381 28 586,350 56,494 22,530 4,811,203 - 671,528 59,263 23,378 4,848,537 ?0TAL RESOURCES . * . L I A B I L I T I E S F. R. notes in actual c i r c u l a t i o n . . F. R. Bank notes i n c i r c u l a t i o n - net Deposits: Member bank - reserve account . Government Other deposits . . . . . . 1,683,880 1,687,690 1,926,013 343 2,134,562 27,059 1 25,764 2,163,116 30,454 24,184 1,944,952 Total d e p o s i t s . . . Deferred a v a i l a b i l i t y items Capital paid in . . . . . . Surplus . . All other l i a b i l i t i e s . . . 2,181,385 532,714 115,207 \ 217,837 12,732V 2,217,754 598,159 114,693 217,837 12,4o4 2,005,381 533,466 110,927 TOTAL LIABILITIES . . , Ratio of t o t a l reserves to deposit and. F. R. note l i a b i l i t i e s combined . . , 4,749,755 4,848,537 4,811,203 Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents 4,749,t#5 % • 32,503 , 27,926 220,915 14,158 77.3# 76.5# 82.0$ 47,656 43,485 20,505 Released" f b r p u b l i c a t i o n Friday morning, May 1, 1925, n o t e a r l i e r . RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, APRIL 29, 1925RESOURCES ( i n thousands of d o l l a r s ) Boston New York F h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Federal Reserve Bank of 179,668 356,495 134,381 169,567 42,154 132,664 135,518 45,076 54,657 56,555 Gold with Federal Reserve Agents 981 2,117 3,815 9,940 12,945 4,502 3,315 1,866 2,923 5,244 Gold redemption fund with U.S.Treas. Gold held exclusively against 183,483 3 6 6 , 4 3 5 1 4 7 , 3 2 6 174,069 45,469 134,530 13S,44i 5 0 , 3 2 0 55,638 58,672 F. R. notes 43,076 252,341 41,925 70,036 12,190 8,480 8 2 , 6 0 9 15,334 1 3 , 2 2 3 4 2 , 9 2 5 Gold settlement fund with F.R.Board 335,647 a,579 34,584 . 22,397 1 0 , 0 8 2 1 0 1 , 0 9 6 11,283 6,959 3,63D 30,328 Gold and gold c e r t i f . held by banks Total gold r e s e r v e s 256,887 954,423 210,830 278,689 80,056 153,092 322,146 76,937 75,820 105,233 35,123 4,483 7,780 3,914 15,524 17,^26 2 0 , 6 0 6 2 , 3 1 7 3,657 Reserves other than gold Total r e s e r v e s Non-reserve cash B i l l s d is count ed : Secured by U.S.Govt, o b l i g a t i o n s Other b i l l s discounted Total b i l l s discounted B i l l s bought in open market U. S. Government s e c u r i t i e s ; Bonds Treasury notes C e r t i f i c a t e s of indebtedness Total U. S. Govt, s e c u r i t i e s Foreign loans on gold All other earning a s s e t s Total earning a s s e t s Uncollected items Bank premises All other resources TOTAL RESOURCES 271,985 6,032 14,854 14,423 29,277 32,993 2,661 15,652 3,412 21,725 777 84,772 53,304 4,190 79 420,362 989,546 215,313 236,469 83,970 14,252 2,073 2,678 3,826 65,893 21,805 87,698 57,590 22,143 3 0 , 0 6 2 14,096 14,965 14,318 35,367 37,108 44,380 49,463 24,241 24,590 10,375 339,972 97,543 78,137 108,890 4,915 7,1U 3,777 1,381 2,290 2,336 36,372 6,752 2,223 1,932 33,159 2 0 , 9 0 3 9,378 4,504 6,187 6,727 8,119 2 2 , 4 9 5 57 , 275 16,130 11,993 37,543 10,015 17,308 11,675 168,616 12,461 1,416 11,000 1,408 1,615 21,649 1,649 8,764 10,710 79,197 23,094 23,272 1,940 1,387 30,180 7,427 8,371 13,509 2,001 ai 221 925 1,939 37 196 5,670 1,963 93,621 24,706 39,942 3,385 3,927 53,768 9,297 17,346 26,220 420 346 483 1,449 430 557 976 1,124 2,835 250 1,150 241,744 88,181 110,036 63,780 38,845 150,035 35,925 41,727 46,684 140,265 53,902 52,722 50,130 32,649 74,902 32,561 12,072 34,368 16,579 1,122 7,573 2,446 2,780 8 , 0 9 9 4,121 3,049 4,200 547 338 3,092 629 2,897 1,237 6,348 37 3 259 1 , 4 0 8 , 7 3 4 360,964 459,737 204,781 2 5 0 , 7 0 2 581,356 174,265 139,458 196,979 S t . 4511b Dallas San Fran. Total 39,763 200,700 1,547,198 1,709 1,988 51,345 4i,472 202,688 1,598,543 20,824 33,965 636,928 9,742 28,298 615,631 72,038 264,951 2,851,102 9,457 6,224 142,009 SI,495 271,175 2,993,111 2,4I4 3,787 54,536 348 3,083 3,431 7,094 18,860 19,022 37,882 21,411 215,871 184,114 8,682 11,385 281 26,566 3,123 85,138 241,980 20,348 34,754 368 735 349,039 10,500 5,065 399,985 266,828 21,921 1,400 31,241 94,782 1,027,752 22,194 33,735 592,804 3,274 59,266 1,833 22,286 1,679 4,808 140,856 4ii,56l 4,749,755 Released f o r p u b l i c a t i o n Friday morning, May 1, 1925; n o t e a r l i e r . St. 4511c FESOUBCES AND LIABILITIES OF THE FEDEBAL RESERVE BANKS AT CLOSE OF BUSINESS, APRIL 29, 1925* L I A B I L I T I E S ( i n thousands of d o l l a r s ) S t . Louis Minn. Kans.Cy. Federal Reserve Bank of Boston New York P h i l a . CIeve. F . R. n o t e s i n a c t u a l c i r c u l a t i o n 210,820 340,293 149,633 198,400 72,520 139,953 161,491 48,241 63,314 63,385 42,057 193,773 1,683,880 Deposits: Member bank - r e s e r v e account Government Other d e p o s i t s Total d e p o s i t s D e f e r r e d a v a i l a b i l i t y items C a p i t a l paid i n Surplus All o t h e r l i a b i l i t i e s TOTAL LIABILITIES •Ratio of t o t a l r e s e r v e s t o d e p o s i t and F. R. n o t e l i a b i l i t i e s combined, p e r c e n t Contingent l i a b i l i t y on b i l l s purchased, f o r f o r e i g n correspondents F. R. n o t e s o u t s t a n d i n g F. R. n o t e s held by banks R. notes in actual c i r c u l a t i o n B i l l s discounted B i l l s bought i n open market C e r t i f i c a t e s cf indebtedness 1,197 263 8,350 16,382 ^ 530 5,422 14,997 922 321 1,573 1,087 2,417 177 31,492 11,176 12,956 5,937 5 8 , 7 4 9 20,059 2 2 , 4 6 2 11,701 3,440 470 1,164 752 77,150 2,203 1,212 51,131 1,906 254 86,260 1,700 643 1,578 202 3,266 4,64g 27,059 25,764 80,570 29,838 4,613 15,541 5,104 8,950 30,426 9,971 491 710 1,688 53,291 11,121 3,247 7,497 988 88,603 31,210 4,337 8,977 467 4,230 7,592 674 8,174 15,071 1,308 115,207 217,837 12,732 3,923 153 642 1,746 420,362 1,408,734 360,964 459,737 204,721 250,702 581,356 174,265 139,458 196,979 140,856 4n,56l 4,749,755 79.4 3,539 82.4 12,743 76.9 4,448 76.4 5,117 60.2 2,535 79-9 1,9.61 72.8 6,600 75.7 2,200 67.0 1,578 71.6 1,913 78.5 1,674 76.8 3,348 77-3 47,656 237,905 27,085 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION 466,909 184,158 214,780 88,038 160,733 170,022 54,336 66,446 71,999 126,616 34,525 16,380 15,518 20,780 8,531 6,145 3,132 8 , 6 l 4 47,305 238,004 2,000,685 5,248 44,231 316,805 210,820 340,293 149,633 198,400 42,057 193,773 1,633,880 72,520 139,953 l 6 l , 4 9 1 48,24l 63,314 63,385 DISTRIBUTION OF BILLS AND U. S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES From 91 days Over 6 months Within 15 days 16 t o 3° days 31 t o 60 days bl t o 90 days t o 6 months 4,421 15,802 24,037 38,079 23 , 587 294,009 5,068 32,681 74,789 61,997 92,293 b,329 15,531 61 Total 399,985 266,828 21,921 i'cr p u b l i c a t i o n Friday morning, May I , 13Z5; net e a r l i e r . st. 4511a. FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, APRIL 29, 1925. (in thousands cf d o l l a r s ) Federal Eeserve Agent at Boston RESOURCES Federal Reserve notes on hand 62,350 Federal Reserve notes outstanding 237,905 C o l l a t e r a l s e c u r i t y f o r Federal Reserve notes outstanding: Gold and gold c e r t i f i c a t e s 27,800 Gold redemption fund 17,868 Gold fund - F. R. JLtrard 134,000 E l i g i b l e paper Amount required 58,237 Excess amount held 4,033 TOTAL New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. D a l l a s San Fran* Total 315,540 48,450 46,600 466,909 184,153 214,750 22,255 62,210 271,207 S3,038 160,733 170,022 25,660 54,386 24,032 66,446 28,373 71,999 22,872 66,500 999,049 47,305 238,004 2,000,685 186,698 6,000 8,780 28,797 13,992 10,787 141,000 114,389 150,000 5,000 3,859 5,164 4,874 38,295 122,500 130,644 12,475 2,601 30,000 13,052 1,105 40,500 4,195 52,360 16,011 275,816 3,752 18,272 115,266 20,000 182,428 1,156,116 HO,4i4 20,691 45,884 13,606 9,310 15,145 11,789 12,038 1 5,444 4,126 49,777 4,303 45,213 22,457 23,069 5,136 34,504 59,957 7,542 2,862 37,304 21,403 453,487 125,757 542,193 1,273,049 421,069 498,617 211,937 388,812 671,208 149,577 168,962 176,497 120,344 563,911 5,186,176 L I A B I L I T I E S Net amount of Federal Reserve notes received from Comptroller of the Currency 300,255 785,449 232,608 26l,3SO 110,293 222,943 441,229 80,046 90,478 100,372 70,177 304,504 2,999,734 356,495 134,381 169,567 131,105 54,080 67,670 45,076 24,455 54,657 23,827 39,763 200,700 1,547,198 10,404 58,707 639,244 C o l l a t e r a l received from Federal r e s e r v e bank: E l i g i b l e paper T0TAL 1J9'668 62,270 42,154 132,664 135,518 59,490 33,205 94,461 56,55 5 19,570 542,193 1,273,049 421,069 498,617 211,937 388,812 671,208 149,577 168,962 176,497 120,344 563,911 5,186,176
@FedFRASER