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snATimw mm f o r Released for publication Friday morning, May 12; not e&rlier. St.2775. Federal Reserve Board, May 1 $, 1922, CONDITION OF ■e J g i l 9 i * 3 0 0 , 0 0 0 , 3 0 0 , 0 0 0 i n a i n s o i n e a r n F e d e r a f $ 1 0 i n g l r e peess s JUSERVE BAUK5. ill , 5 0 0 * 0 0 0 a s s e t s e r v e n , o o f $ t e c g o l d 3 , 1 0 i r c u r e 0 , 0 l a s 0 e r v 0 t i o e s i n n , , d a a c c o m e p r e o i n p a n s i t d i e d l i a i c a t e b i d b y l i t i n d i e t h e c s e l i n e s a n d o f e e r a l F d sserve Board^s weekly baask statement issued as at close of business on May 10 , 1922 * „ G ° l < i ° I t h I f i i l h i l l i o n n n Z r c e s J b o u ” u b n a n t s i c i r r c l S u l a a b o v e _ A i c h a n i n c ^ ® s t h t h a ’ ? t h e g a e r h e t P m £ 2 o i r ^ f r a n s ^ 5 0 0 r o o n « c a n d t h a r k b i l l e t - o f $ 8 s » G o v e r n m t ! S e , 3 0 r o 0 a n C f ^ i r ^ w e e k b s h o w s a r i s e u o e l a l t f t h e ^ a r p % s , 0 s 6 b J a n S ® 7 y 0 0 e 0 r e e S S e r V r v e s * n c r e a ^ ® e ^ > V l z * “ e s p o 0 r t . c 0 k s u f o “ 4 e , 0 a g e a a s h t h s s i o 0 f S a n ^ a e s a g g r e l a d e ^ a r e t y e p a s t r 7 7 . 3 o f * g a i s t i n , S s a n d a n « o r c e n o l d k F * p w » o e m x c e p e r a d c o n j S l u 0 , 0 o o u c e p s 0 s e r v c t i n a n d l e a e t s h o w 0 s e c e c t o a b , 0 0 0 t h e n " i t h > “ r t s a o u a t a n d a r i n g t n o * > f t e t h e c r e a s e o f a s e o f r e g e s d e c r e a s m a l a l l e r i n c r e a e e i n r t h t h i n $ 3 * 6 0 0 , 0 0 0 v t f i i l e a i t i e b e r s ' o r t s r 1 0 0 r e s e q t o a n d u t e x c e s s g t . f r o m w - m e e i n - 3 1 , 7 0 n o n s , f s h o w n t c r e a d e s e f o s t e r - r s e t o i n t a l i n g tte largest increase ?» "* year' vl!-• *63, 700,000 is shorn, to S c $ “ p ^rU ^hflSgesrae- ' . r : ^ $12^4oo^OOO^nor^7. 5 'percentf^by^Treasury^otes^6^ !^ 6^ *500 O ’ , e $ 2 8 , ^ d 0 s f * S 0 f e p , 0 t o b r e 0 e n o p g 3 4 , 8 0 i n o u n t i n o n t h s s e , o m a m s e t i o c e r a a r e 0 $ c r e e « y e l v s h o w n a e c r e a e c k » t w r g ^ 0 * e c i n r v e S n e t n g o v e r n m d c h s * r v b a ' s r e e d s i l e a n fcr AtlStl- Net ?ork Z t Z e s e i n e J t i m r e h s , 0 t p s e n h i s e a i e t o f e s h o w r e i r t h w a l i e r 0 r e f , S i n 7 , 1 0 o l l s $ t h 1 c r e A P » r 0 f t s e « e 0 . 76.7 c d 0 T h e c f o a r y i n 0 A f 0 a e * d o f r o m r g a 1 , 8 , 0 e p f o g $ . 1 y 0 a n 0 1 1 b f > i h e e e n t > e B r r v ’ / e 8 0 ^ i i n t h ? e e s n t e d m Atlanta t s 0 0 * h f h r e i n c 0 I l t I ) O s e c i l ^ e s , r x o t h e s e P ° s s r f o p e n r e w n g o , 0 U k o t i o s s i n S S g n . 0 0 0 , 0 t ” c i n ? * . g h f n t v > * T V a c c o l d b 2 a n o r e e . S S S ^ S S S S ' t S T S S ^ b S ^ f 1 5 0 ' 9 0 6 * 0 0 0 " / 1 9 0,50 0 -0 0 0 „ O O ^ o r ^ ' * reservVS: 2 °f « " Increase In mill or Decrease since Total reserves Gold reserves Total earning assets Discounted b il l s , total Secured by U. S. Government obligations All other Purchased bills United States securities, total Bonds and notes Pittman certificates Other Treasury certificates Total deposits Members* reserve deposits (roverament deposits Other deposits Federal reserve notes in circulation F. R. Bank notes in circulation, net liability M 3 . Inc, Inc. 1922 1 1 .0 10 ,5 May 11. 1921 Inc. 592.0 Inc. 641.7 Dec, 2 8 .3 Dec. 1 ,1 8 1 .5 Dec, Dec, Dec, Dec. Inc. Dec. Dec, Inc. 3 4 .8 2 4 .2 Dec. 1 ,5 6 0 .5 Dec. 751.4 Dec. 809.4 In c . 28.9 Inc. 350.4 Inc, 235.3 Dec. 156.3 Inc. 2 7 1.4 10 .6 1 .8 8 .3 4 .4 1 .5 1 4 .2 Dec. Inc. Dec. Dec. 3-1 3 1.7 2 S .1 Dec. Dec. 14 .3 6 .7 3*2 Inc, Inc. Inc. Inc. 155.8 1 1 s. 5 Dec. Dec. 645.7 75*7 3 0 .6 6.7 % Released, for publication Friday morning, May 12, 1922; not earlier, St«2775a* RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED. (in thousands of dollars) • R E S O U R C E S May 3 . 1922 326,331 441,261 Mm l 10j_i222 Gold and gold certificates . . . . . . Gold settlement fund - F, R. Board . . Total gold held bjr hanks 772,139 Gold with Federal Reserve Agents . . . Gold redengption fund , . ....................... Total gold reserves 327,327 444,752 * ....................... Legal tender notes, silver, etc. . > . 2 , 172,052 61,103 3 . 005, 291* 124,523 Total reserves .................................. 3 , 129,817 Bills discounted: Sec, by U .S. Government obligations. All other ................................... ... B ills bought in open market ............... 166,322 3 06,20* Total b ills on hand U, S. bonds and notes . . . . . . . . U. S. Certificates of indebtedness: One-year certificates (Pittman Act)* All other . . . . ............................... Total earning assets ................... Bank premises . . . . . . ................... % Redemption fund against F. R, Bank n o t e s .................................. Uncollected items ................................... All other resources ............................... TOTAL RESOURCES . . . . . . . . • May 11, 1921 377,610 4 5 0 ,5S4 767,642 825,194 2 ,1 6 9 ,7 3 6 57,3.91 2 ,9 9 4,7 7 6 124,041 1 ,3 74,138 2,363,553 174,220 3,1 18,817 2,537,773 16 1,22 1 190,474 917,697 318,902 107,278 1 , 117,660 520,103 261 , 01+2 6 16 , 65*+ 2 ,111,99** 265,483 25,708 81*500 27^,963 S 3,000 260,736 237,275 3.55S 1 , 197 , 60s 1 ,225,873 ■ 39,903 39,809 23,007 7,602 7 ,6 0 4 1+99,923 516,526 11,37^ 532,776 n ,s s 6 4 ,8 9 4 ,8 1 4 4 ,9 2 8,66 7 5,495,951 104,608 215 , 39c 104,531 215,398 1,839 102,033 202,036 32,528 72,422 1 ,7 7 4,50 2 45.108 13,799 1,6 8 7,98 5 i.P5i5iI 19 .9 61 76,637 2 ,3 7 9 ,1 3 5 . L I A B I L I T I E S Capital paid i n ............... ... ................... Surplus-....................................................... Reserved for Gov*t. franchise tax , , Deposits; Government . ........................... ... Member bank - reserve account . . . 2,071 44,366 1 ,806,464 1 ^ .2 8 2 . 31.660 ............................... 1 , 889,212 1,892,332 1 ,73 3,44 4 F,R, notes in actual circulation . . , F.R. Bank notes in circulation net l i a b i l i t y ............... ... .................. Deferred availability items . . . . . All other liabilities . . . . . . . . 2 ,1 5 9,1 8 6 2 ,1 7 3 ,4 3 6 2,6 04,933 74,214 430,601 77,411 444,775 18,945 149,694 441,950 ___ 29^121 4 , 9 2 S , 667 5,495,951 Total deposits TOTAL LIABILITIES Ratio of total reserves to deposit and F.R, note liabilities combined . , , 1 2 x52^ 4 ,3 9 4 ,8 1 4 7 7 .3£ 76.75S 55-9£ Released for publication Friday morning, May 12, 1922; not earlier. St, 2775b. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MAY 10, 1Q22. (In thousands of dollars) R E S O U R C E S Federal Reserve Bank of Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total Gold and gold certificates 13,631 21 S , 556 3,500 12,839 3,026 5,37U 23,389 8,092 8,203 2 ,3 ^ 0 8 ,2 8 0 20,107 327,387 Gold settlement fund - F, R. Board D i .W O 34,02b 444,752 24,10b 3-bjWb 28,902 b4,271 £2123.9.. 9,53o. 25.fa47 . .2jJ?i.L Total gold held by banks 320,729 55,090 52,269 39,072 34,276 87,660 17,628 33,8 50 26,446 17,897 54,133 33,089 772,139 Gold with F, R. Agents Gold redemption fund Total gold reserves Legal tender notes, silver, etc. Total reserves B ills discounted: Secured by U .S.G o vt, obligations All other B ills bought in open market 139,338 H ,7 l 4 799,306 160 ,464 192,947 42,090 9 8 ,3 2 4 353,612 3.342 __ 7 j 337 1.651 11.652 184,141 1 , 130,035 220,944 248,558 88,499 134 ,2 51 452,924 26.520 21,269 6,080 6 .4 4 6 7,229 4 ,6 8 7 15.882 10,000 205,410 1 ,1 5 6,55 5 227,024 255,004 9 ,9 2 5 13,053 8 ,599 30,057 17,995 41.9 04 Total b ills on hand 31,577 U. S. bonds and notes U. S. Certificates of indebtedness: One-year certificates (Pittman Ac All other Total earning assets Bank premises 5$ Redemption fund against F. R. Bank notes Uncollected items All other resources TOTAL RESOURCES 2 0 ,2 22 214,996 2 ,1 7 2,05 2 1.728 4 .0 7 6 61.103 71,544 797 31,914 1.917 89,969 17.160 67,681 670 9 5,728 138,938 468,806 107,129 68,351 81,527 4 5,919 279,426 3,1 2 9,81 7 2 ,086 3,487 21,707 29 1,795 6 ,316 166,322 29,500 36,963 15 308,264 105,517 5 .3 9 0 47,295 1,499 75,240 6.287 39,847 273,205 3 ,0 0 5 ,2 9 4 6,072 6,221 124.523 18,704 35,8 05 1,471 55,980 6 ,6 1 6 28,951 1.089 49,035 23.872 7,016 14,689 1.342 23,668 89,956 36,792 24,368 1 1 ,1 6 7 25,731 17^.9.6 1 , 3 ,144 65,920 53,243 36,656 92,067 23,047 25,754 25,223 31,310 6.091 49,370 4 ,4 7 6 64,881 23,553 27,119 1,233 137 34,929 11,581 7,018 28,899 2 ,8 1 6 54,400 261,042 6 ,950 3 9,5 46 22,500 125.174 8 ,000 6,000 .7 8 3 _ .30 ,279 3,56o 6,699 8,667 53.815 3,571 12.499 4 ,0 0 0 3 .4 6 6 4 ,3 2 1 8.843 1,900 31 5 ,3 3 2 277 81,500 274.963 82,549 302,511 98,256 116,641 60,773 43,523 189,478 50,698 40,238 67,286 5 ,203 8,135 600 4 ,957 2 ,571 1,264 7,324 908 914 4 ,951 2 ,091 985 39,903 422 936 700 539 188 468 721 2,023 264 916 146 279 7,602 4 6 ,5 6 4 99,753 46,019 4 5 ,2 10 43,539 22,245 62,669 30,866 13 ,10 6 33,463 22,637 33,852 499,923 _____823 4.759 ...627 ij.395. ..259 _ 235 1,590 618 1 ,3 6 5 ____ 33^ 2 ,0 2 0 5 .4 6 6 19.961 19,160 250 520,103 36,276 109,379 1,1 9 7,60 8 340,971 1 , 572,649 373,226 ^ 23,656 203,058 206,573 730,588 192 , 21+2 124,238 189,137 109,089 1+29,387 4,894,811+ Released for publication Friday morning, May 12, 1922; not earlier. R E S O U R C E S A N D L I A B I L I T I E S O F T H E F E D E R A L R E S E R V E B A N K S A T C L O S E O F B U S I N E S S M A Y 1 0 , 1 9 2 2 . S t .2775c, (in thousands of dollars) L Federal Reserve Bank Capital paid in Surplus Reserved for Govt, franchise tax Deposits: G o v e r n m M e m b e r b a n A l l o e r T o l d F . R . n o F R . B a n , n e D e A l l R a t f e l i r r e d o e t h t e a C o o f a n d F , p r c e n t i n f o r e g n - p s n r e o s a o s b i l v a l i a t e i t e r v c t u a i n e a c c o u n l c c i r i r c c u u l a l a t t i o t i o n n b i b l i l i t i t y i e I L I T I E S o t a l r s r v R . n o t e t l i g l i a i a b n c o i l i t e b s i y r r e o r k R . n o t e s o u t s t a F . R . n o t e s h e l d n o t e s i n F . *R . a b c d y t u l l s d i s c o B i l l s b o u U , C e S , g h r u t n t e i n t i f i c a l i t d i e e s p o o n d c o m b i l e n t s a i n L l l ,5 4 l I A T - n E S t a C h . i c a g o 4 ,2 6 4 9 ,1 1 4 4l4 5,539 11,0 30 39U 22,509 I t l a S t Minn. Kan$,Cy. 3,5 6 8 4 ,6 0 7 9,388 7,4 6 8 9 ,6 4 6 42 301 267 . ' L o u i s 1 4 ,565 29,025 - l l a s S a n 4,1S7 7 ,3 9 4 - Fran. 7*379 15 ,19 9 35 T o t a l 104,60S 215,398 2 ,0 7 1 1,862 44,3 66 3,873 45,502 121,488 1 ,8 0 6 ,4 6 4 642 2 ,2 5 3 7 0 ,5 9 9 461 5 2,045 261,008 71,822 4 5,514 73,313 47,512 144,011 1 , 889,212 88,122 117,744 363,783 72,64o 50,937 5 9 ,5 89 26,816 226,674 2 ,1 5 9 ,1 5 6 5,122 49,731 4 ,354 3,2 16 3,600 11,850 7 ,4 4 5 3 3 ,4 74 796 18,521 2 ,1 4 4 69,036 765,062 108,732 142,906 56,038 6 19,314 183,860 199,346 870 a 2 ,7 4 0 42,428 346 1,461 54,282 295 12,988 D 4,667 148 18,650 38,382 7 ,5 6 0 45,023 944 16,866 6 ,6 5 3 36,992 79,501 1,023 4 ,172 5 ,470 40,4 55 1,429 3 ,0 5 0 37,963 892 5 ,236 16,950 S06 29,732 735 1,000 2 , 5 2 3 1,536 4 ,143 30,409 1,537 7 4,2 14 430,601 19,524 b i n e d , l s p u r c h a 7 7 .6 83-5 a n k s l c i r c u l a t i o n o m f a r k e t i n d e b t e d n e s s 6 6 .4 7 4 .5 8 1.8 75<0 * 74.2 70.9 6 1.3 6 1. S 7 5 .4 77,3 s e d 2 ,4 8 4 g b o p e n s I s i t d t e B Rich. 150,361 2,722 13,252 2 ,7 9 0 R E S E R V E 1,667 N O T E S 1,225 O U T S T A N D I N G 4 ,050 A N D I N 1,599 A C T U A L 859 1 ,5 8 5 919 1,519 34,671 C I R C U L A T I O N 165,875 15,514 830,428 2 1 1 ,9 1 1 216,685 2 1 1 ,1 1 4 2 8 ,0 51 17,339 95 ,4 44 123,043 397,367 7,322 5,299 33,5 84 85,139 12,499 53,410 2 ,473 6 9 ,3 31 9 ,7 4 2 29,910 262,960 2 , 541,503 3,094 36,286 382,317 150,361 619,314 lS3,86o 199,346 88,122 117,744 363,723 7 2,640 50,937 59,559 26,816 22 6,67 4 2 ,1 5 9 ,1 8 6 D i A - W B I e , 121,249 s t o o n s p n l e v 2 ,12 3 2 ,4 2 0 49,625 256,730 1,858 297 F E D E R A L F . C 17,758 7 5 .6 e Y 1,012 t r Phi l a . 27,395 8 ,9 1 4 60,197 17,945 142 248 N e w 340,971 1 ,572,649 373,226 423,656 203,058 206,573 730,588 192,242 124,238 189,137 109,059 429,387 4 ,8 9 4 ,8 1 4 I A t e n 2 ,12 6 1,8 9 1 734,316 105,736 140,003 s L e i t e m s t o 3 ,7 1 5 116,719. 815 y i l a B s i t s i n a e n f o e k r T O T A L t i o k o 7,9 8 2 16,483 228 e n t t h t a B I S T R I B U 15 d 24 0,50 0 4 5 ,0 49 503. i t h i n T I O a y s N O F B I L L S , U . 16 S , t o C E R T I F I C A T E S 30 57,010 19,106 500 d a y s O F 3* I N D E B T E D N E S S t o 60 86,443 2 2 ,0 6 0 7 3 ,3 8 5 d a y s A N D M U N I C I P A L 6l W A R R A N T S 90 d a 4 5 ,6 6 7 ' 18,470 3 0,321 t o y s B Y O M A T U R I T I E S 90 d a 44,966 732 25 1,75 4 v e r y s T o t a l 474,586 105,517 356,463 Released for publication Friday morning, May 12, 1922; not earlier. FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS MAY 10, 1922. ( i n F e d e r a R l E R S e O s e r v U R e A C g e n E t a e d e r a l R e s e r v e n o t e s o n F e d e r a l R e n o t e s o r a l s e r v e C o l l a R e t e l d e s e n o t e c u a n d g G o G o l d r e d e m G o l d f u d E l i g i b n r s o p p r e E a m c e s s q d u t s t a n d i n g ; i f i c a t f o r n e r n t f u F . R , e r - u a n t s t a c t i o a p . A m o u n t x u l d - l e i t y o B o s t o n N e w Y o r k P h i l a . C l e v t h e . R o u s a n i c h d , s o A t l a f d n o l l a t a C r s h St.2775d ) i c a g o S t . L o u i s M i n n . K a n s . C y . D a l l a s S a n F r a n T o t a l S F s e r v t * i r e h F n e d e d i r r a l e s d B o a r d d o u n t h e 165,875 282,210 40,2 20 30,380 830,428 2 1 1 ,9 1 1 216,685 30,404 64,201 § 5 ,4 4 4 123,043 99,6 60 397,367 5,300 11,0 32 123,000 — 356,925 13,375 41,381 11,075 14,572 401,000 149,329 165,000 2 ,2 9 5 3 9 ,7 95 2 ,4 0 0 3 ,4 2 4 92,500 14,968 338,644 5 3 ,3 5^ 2 ,0 2 4 2 4 ,7 19 11,778 43,755 48,312 110,550 l d T O T A L 26,537 3 1,12 2 5,040 50,372 51,447 5 ,698 2 3 , 73 s 29,361 26,250 20,700 69,3 31 19,215 51,7 80 787,305 29,910 262,960 2 ,5 4 1 ,5 0 3 62,300 2,862 16,000 3 ,9 3 5 43,36^ 2,520 13,787 125,141 10,000 201,209 1,6 4 2,19 7 13,595 9,452 21,496 3,861 22,036 9 , 6ss 21,622 85,139 5,960 3 ,284 11,235 53,410 13,052 7,702 3,187 404,714 47,9 64 1 ,1 8 0 369,451 191,887 447,340 1,993 .**38 469,740 493,611 223,316 322,065 942,706 205,980 12 1,9 16 162,549 100,657 578,880 6 , 062,198 276,425 1 ,1 1 2 ,6 3 8 25 2,13 1 247,565 125,848 187,244 497,027 111,389 64,645 9 0 ,0 3 1 49,125 314,740 3 ,3 2 8 ,8 0 8 353,612 7 1,544 23,047 3 1,914 25,357 47,295 92,067 25,223 20,222 214,996 2 ,1 7 2 052 3 1 ,310 1+9,144 5 6 1’,338 L I A B I L I T I E S N C e t a m n o t e t r o o l l a F e o u n t s r l l e r t e e r a r a l d e G o l d E l i g o f F e c e i v e d f r o m o f t h e C c i v l i b r R e e e s e r v l e p a p d e e e e r TOTAL J r a u d B l R e s e r v e C o m p r r e n c y f r o m a n k ; • 139,33S 3l,5 7 7 799,306 160,464 192,947 81,494 57,145 53,099 42,090 55,378 9 2 ,3 2 4 36,497 447,340 1 ,9 9 3 ,4 3 8 469,740 493,611 223,316 322,065 942,706 205,920 12 1,9 16 162,549 100,657 572,880 6 , 062,198 S T A T E M E N T F O R T H E P R E S S Released for publication Friday morning, May 19; not earlier. S F F i l l s T r e a s u m e n t r e s s e a r n e b b e o d c r e r e d t e s , a a n s e d t h e a e d a n d o r o r a n d e l s r y r v e c - j © r t h a i s s u i l v c r e u , r T i e t p o s u n 0 l o s a s , w e n , 0 0 0 w c o m a $ 1 2 r e s e r v e * c r e o f g a t i n g 2 2 , 5 0 0 , 0 F e d t h b h u t e c l i n u t G o v e r n m l a e I S h r g o f 1 4 , 3 0 e , w 1 , 5 0 e 0 , 0 i n e r a G l R M a y h , 0 1 0 0 a n d s t o o d 1 Q 2 1 , e r c i r e i n 7 , o t h e i ’ M o s i t s o f c a s h i e * $ 2 a c t i o u l a , 1 4 l o w n 6 ’ c e n t , - ’ b y ^ a s $12,toO,6oO a L ^ S c o “ e S j t i f T i c ^ a t S a l r e s e r v e s r e c h e r a , 7 0 0 r e c o o l d r e s e r v e f i g u r o t a l e a r n i n a s e a l 0 e k t h h o r v e l i n m e n o n n A u t h r o J V4 . g / p" e o r r C“ ‘i c e n t , T r 6 a S U n ° r y ’^ ' S S t e s f - . u n t e d b i l l s A r e d l l o P u r c h U n i t e d t h o t a S P i t t m O t h l d e , U . t o t a b t a m b a n d c r e a a y m I Q c . e c . e c . a n s p o s n c T s . G o v e r n m e n t o b l i g a t i o n I n e m e o r e c u e c . r i t i e s , t o t a D e c . l D e c . D e c . D e c , t e s t i f i c r e a s u r y a c t e e r s t i f i c a t e s Dec. r e s e r v e d e p o s e c . i t s I n F F . G o v e r n m e n t O t h e e d e r a l R . B d o i r c e p d o r e s e a n k n e p o c . s i t s D e c . D e c . s i t s r v o e t e n s o i n t e s c i n i r c c u i r l a c t i o u l a n , t i o n u 1 Q e f o - s e 1 S . r e . t 0 700 , 000. y S6CUred by Liberty V i c t o r v n o t e s $ 1 0 , 6 0 0 , 0 0 0 , o r ’ 6 . 2 : items of th9 s e o r i l l i o . 1 Q n D s o s i n c e 2 2 1 .3 .2 f d M a y e c r e a s e o l l a 1 8 . r s 1 9 2 1 I n c . 582.0 I n c . 626.2 36.8 e c . 1 ,1 5 3 .2 D e c . 1,3 7 3.9 D e c . 605.2 D e c . D 5-9 3 .4 9-3 8 .4 22.5 I n 19-9 1 .5 1.1 c . I n c . I n c . D e c . I n c . 768.7 15.5 205.2 215.2 154.9 144.9 3 .2 M 5 .1 2 .4 I n c . 169.4 I n c . 145.3 I n c . 23.6 I n c . •5 D e c . 620.8 D e c . 75.3 n e t l i a b 0 0 0 c r e a 3 0 , b 0 b e r s 1 * c e e k i n 5 , 1 0 e m d . , s i t s $ a t e t h e s i t s b e r s * e r c . D D M e c . s i l l s t e f t a l 6 a n d e r e y o l y s t s r a s e d B o n d s T b p a s e d e o f e e s t w a s D S e c u s - m V i s c o g g l ^ . * 138-700-000' $ 8 ’ 70° ' 000- D D k g g u e b a n o t e a r k i n c e a n d e r c h r i „ e a n d u l a i n s , e r v p , l d r v c s l y s e s e , e s e e s r e 0 s d s i n s s s r a v s r i s s o a r d , 1 9 2 2 . a n d i t i e w r e e c k , 0 s g B , ab°' , e ,,0tea- Sh0WS * f " r‘ D T I S d r o l d r d I n G e s e r v e a y t e u S s b e r s ' ’ s M t a r d c a s h I n o R n c G I n T l u e 2 2 . e d r fe?0OM O » 6 , j . u u , 0 0 0 , s s h o w r F f r r a i s c o o e m p a B . e a n d d e n t 1 9 d of p 0 e s e r v e i l e 0 0 e n t l y e a*d other 0 . S. L i s (S.-,, h n o r , ™ e 2 7 ' g l j - . B A N K S . o v e r n m $ 2 , 1 + 0 0 , 0 0 0 . , a l l 0 o n o $ R E S E R V E 0 s s d 0 C 0 s m e $ a b l i n a y e s i n i l e c r t F E D E R A L i n h e M ? p $ p o s e d d ’ 5 ° , 0/ i n r e u p , - s g f l i g , n n fn g o o t i t s O F n e t s 0 0 , 0 0 0 t a n s h o w c l s e a c c o » a 4 , 3 0 f v g $ d a r l n g a s t i o s h o w l e y s e c a r e s k s a u d M C O N D I T I O N b e t . i l i t D e c . D e c . y 12 .5 1 .7 Released for publication Friday morning, May 19, 1922; not earlier. St.27S4a. RESOURCES AND LIABILITIES OF THE 'TWELVE FEDERAL RESERVE BANKS COMBINED. (in thousands of dollars) R E S O U R C E S M a v 17, 19.22 M a y 10. 1922 Mav 18. 1921 325,391 Gold and gold certificates . . . . Gold settlement fund - F. R. Board 325,316 473,506 327,337 444,752 Total gold held by banks . . . . 799,322 2 ,1 4 0,19 2 6 5 ,6 2 1 772,139 2 ,1 7 2 ,0 5 2 61.103 1,452,619 140.791 3 ,005,143 3,0 0 5,29 4 2 , 37S,906 125,932 124.523 1 7 0.22S 3 , 13 1,12 5 3 , 129,817 2,5 4 9,13 4 Gold with Federal Reserve Agents . Gold redemption fund . . . . . . . Total gold r e s e r v e s ............... Legal tender notes, silver, etc. . Total reserves . . ................... B ills discounted: Sec. by U .S . Government obligations All other . ....................... B ills bought in open market . . . . . Total b ills on hand ........................... U. S. bonds and notes . ................... U. S. Certificates of indebtedness: One-year certificates (Fittman Act) All o t h e r ................... * .................. Total earning assets . . . . . Bank premises 5^ Redemption fund against F» R. Bank n o t e s ............................... Uncollected items . . . . » * > < • * All other resources . . TOTAL RESOURCES 169,714 29s , 9 S2 97,123 565,319 241,115 166,322 454.105 779,496 774,669 580,103 1 ,0 6 7 ,6S4 g i , 667 1 , 924,220 261,042 25,9^7 308,264 105,511 81,500 234,375 1,160,794 274,963 1 , 197,608 2,313,973 40,-326 39,903 23,192 7,678 537,772 20,035 7,602 499,923 19,961 11,476 580,270 12.430 4 ,9 4 7 ,7 3 0 4 ,8 9 4 ,8 1 4 5 , 490,430 104,656 215,393 2,124 104,60S 215.39S 2,071 10 2,116 202,036 34,014 44,366 15,632 1 , 665,517 80,000 273,360 128.936 L I A B I L I T I E S Capital paid in Surplus Reserved for Gov't, franchise tax Deposits: Government.......................... . . Member bank - reserve account All other .................................. Total deposits ................... F.R. notes in actual circulation F.R. Bank notes in circulation net liability . ....................... Deferred availability items . . All other liabilities . . . . • TOTAL LIABILITIES Ratio of total reserves to deposit and F.R- note liabilities combined . . » 39,278 1 ,810,810 3 5,351 1 ,8 0 6,46 4 38.382 35,493 1,836,045 1 ,8 8 9 ,2 1 2 1 ,716,642 2 ,1 4 6,65 6 2 ,1 5 9 ,1 3 6 2 , 767,415 72,474 501,283 74,214 430,601 19,094 19.524 147,766 491,004 29,487 4 , 947,730 4 ,8 9 4 ,8 1 4 5,490,480 77 M 7 7 . 3£ 56 . 8$ Released for publication Friday morning, May 19, 1922; not earlier. St.2784b, RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CK)SE OF BUSINESS MAY 17, 1922. (In thousands of dollars) Federal Reserve Bank of Gold and gold certificates Gold settlement fund - F. R. Board Total gold held by banks Gold with F. R. Agents Gold redemption fund 8 ,902 Total gold reserves 10,000 Legal tender notes, silver, etc. B i l l s d i s c o u n t e d i l l T U . U , B s b o t a S . S . a O n A l l b o n d s e r e d l e r e m e m R . o o t l i n s : a n d a c e a r h n t t e i f o e n a r k e t t e s i n e b s o i c a f t e s d ( P p l l e c t e i n t i o n t h e r d r e 13,016 3 7 .6 0 6 3,061 3 5.126 5,451 28,513 2 3 .5 ^ 7,071 65,126___ 7>°78 8,173 3 3,920 355,212 51,408 50,622 38,187 33,964 88,690 14,149 31,943 142,120 799,111 157,494 179,758 7 ,5 9 8 6*193 184,942 1 ,1 6 4 ,3 2 3 216,500 236,573 g a f u n o i t e m s o u 25.452 7.3 7 7 6.7 6 2 t e d i t t m n a A s s e c t ) 5,950 7?, 165 t s n d t e s a s r c e s g a i n s 3 2 5 ,8 ° 29^1 50-- * I1 ±5Q2 3 0 ,9 4 8 49,980 20,299 799,322 4 4 ,3 9 0 9 8,0 2 2 347,658 69,119 31,349 4 7 ,5 6 2 19,713 2°3»396 ----------------- 139.-- ------ h .i£?2— .— t~u.-- -til— .. 87,341 133,905 453,659 83,998 65 , 56s 7 9 ,7 3 5 42,185 256,414 3 ,0 0 5 , 3 S . 027 4 ,7 4 0 15.863 17,679 ---- 1§2-- 6*356 -- 6,076 6 ,0 1 6-- 1 2 ^ 8 2 9 5 ,3 6 8 138,645 469,522 10 1,6 77 66,297 86,291 48 ,2 61 262,490 3 ,1 3 1 ,1 2 5 e s s ; n 2 ,3 9 9 ^>348 2 8 ,5 43— 11,951 _ 3S.103 i s e s B & r i k 3 ,2 2 7 48.181 c 9 ,9 2 3 26,101 3 9 .5 68 2 5 ,u 56 13 ,7 95 5,6**° 17,819 ? ’^ ° } 'J c l J ' l f l ’S S ' S j S 'q r p loiloj l s ^ 9^315 22,>*69 3 5 , 7 ^ 28 ,2 16 48,521* W .7 6 2 2^,267 2 1 ,6 12 29,187 35,8^9 298,982 8.5 1 0 ... 2 4 ,1 8 6 .TUJi 19.633 £..262 1 .172___________875 21,990— 2,1910 ---------— 5----2-_j— 2---2Zj— 2. ....r„JL-2 5 ,0 0 4 565,819 56,271 30,857 28,636 6 9,121 68 ,516 56,1S7 55,711 34,731 88,333 24,492 27,960 241,115 2,8 16 54,400 7,260 28,299 327 35,573 11,6 5 6 27,124 4 ,4 76 1 ,233 44,3 98 23,5 53 a n d TOTAL RESOURCES ¥ m r r n 216,930 138.282 ,, , o p o n t i f i c e J P , l l l t h p A i o k c b l r n n h e a t a U g C o R u e - y T j j o o 14,446 19.474 205,587 1 ,1 8 9 ,7 7 5 223,877 243,335 Secured by U .S.G o vt, obligations A ll Other B New York 20.645 Total reserves R E S O U R C E S Phila. Cleve. Rich. Atlanta Chicago St,Louis Minn. Kans.Cy. Dallas San Boston 3 ,5 6 0 6,000 S ,0 0 0 22,000 78^ ■$2.^4 1P1. 8RR ~ --— 1* 257,374 100,852 12 1,6 4 5 60,504 8,667 4 ,000 3 ,4 1 2 . 4 ,3 2 1 8,855_. 54.971 3,571 12.989 41,7 88 187,544 52,708 42,632 66,479 6,699 31 80,000 5,332 273.860 250 ..... 27JL 35,823 116,250 1 , 160,794 1,900 5 ,2 16 8,355 600 4 ,9 8 4 2 ,571 1,2 6 6 7 ,467 908 914 4,964 2,092 989 4 0 ,3 2 6 422 911 700 539 188 468 714 2,023 372 916 146 279 7 ,6 7 8 55,643 124,626 50,694 59,500 47,001 21,903 75,066 35,556 13,778 3 8 ,5 63 22,400 43,042 587,772 829 4,4o4 637 1,3.81 345 149 1,388 i,o4i 2.032 5.457 20,035 t 1.6 9 5 ____ 6jl_ 344,862 1 ,5 8 5 ,4 4 5 377,360 431,390 2 05,977 204,219 742,008 193,543 125,381 198,254 110,754 428,537 4 , 947,730 Jj, £iSJL3o.s^j. xor puuxication Friday morrix. , l.’a j 1^22; not earlier. RESOURCES AND LABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE Oi I1SI OS MAY 17, 1322. (in thousands of dollars) L I A B I L I T I E S Boston New York Phila, Federal Reserve Bank Rich, Atlanta Chicago St,Louis Minn, Kans.Cy. Cleve. 4 ,2 6 8 14,559 7 ,9 8 1 27,402 5 ,5 4 0 8 ,914 11,543 3,568 Capital paid in 4 ,691 4,617 16,483 11,030 9 ,1 1 4 9 ,3 8 8 7 ,4 5 8 17,945 ■22,509 29,025 9 ,6 4 6 60,197 Surplus 213 247 8 239 Reserved for Govt, franchise tax 397 277 393 305 Deposits: l ,6 l 4 888 1,38b 2 ,222 2 ,13 6 2 ,0 0 0 Government 4,163 15,737 1,033 3,235 107,688 141,419 54,487 b5,SS5 11 7 ,1 4 5 47,974 ;2 56,557 Member bank - reserve account 734,777 43,593 74,721 2,149 454 11,546 912 320 310 1,189 669 _____ 36O A ll other ....... m . 56,421 49,670 261,941 62,554 46,175 79,338 762,060 109,765 144,467 118,916 Total deposits F. R. notes in actual circulation F. R* Bank notes in circulation net lia b ility Deferred availability items All other liabilities TOTAL LIABILITIES 149,685 5,713 44,841 1,030 617,404 183,122 195,595 16,978 97,140 4,017 7 ,5 3 5 48,852 950 5,259 50,551 1,466 S t . 2784c. Total Dallas San Fran. 4 ,19 1 7,382 104,656 7,394 15,199 215,398 2 ,1 2 4 45 39,278 1,733 3,131 43,496 123,068 1 ,8 1 0 ,8 1 0 138 17,172 3,956 32,050 1,5 4 7 87,189 117,30 3 362,801 72,495 50,557 59,012 35,957 1 ,8 8 6 ,0 4 5 45,367 143,371 2 6,5 06 224,987 2 ,1 4 6 ,6 5 6 8,049 61,708 3,925 3 ,335 34,301 771 3 ,544 12,747 1,017 7,073 37,491 83s 2 ,8 3 0 2 2,6 46 1 ,320 3,010 5,192 41,493 901 17,463 812 7 2,4 74 501,283 19,094 344,862 1 ,5 5 5,44 5 377,360 431,390 205,977 204,219 742,008 193,543 125,381 198,254 110,754 428,537 4 ,9 4 7 ,7 3 0 Ratio of total reserves to deposit and F. R. note lia bilitie s combined, per cent 7 6 .5 86.2 Contingent lia bility on b ills purchased 2 ,4 0 1 for foreign correspondents 13,496 7 6 .4 2 ,6 3 1 6 6 .4 7 1 .6 2,696 1 ,6 1 1 63.0 1,1 8 4 7 5.2 3,913 7 2 ,1 1,546 6 8 .5 838 6 2 .4 1 ,5 3 1 67 .1 71.3 855 1,467 7 7 .6 34,219 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F. R. notes outstanding F. R. notes held by banks 165,057 15»372 830, 8 3 5 2 0 8 , 9 4 1 2 1 5 ,9 7 6 2 13 ,4 3 1 25,819 20,381 9 3 , 7 4 4 1 2 2 , 7 5 2 3 9 4 ,17 3 6,555 5,449 31,372 82,614 10,119 53,330 70,398 11,3*6 29,701 259,560 2 , 527,081 2,773 F. R. notes in actual circulation 1 4 9 ,bS5 6 17,404 153.122 195,595 87,189 117,303 362,801 72,495 50,557 59,012 2 6 , 5 0 6 2 2 4 , 9 3 7 2 , 146,656 3 ,1 9 5 34,573 380,425 DISTRIBUTION OF BILLS AND U. S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES B ills discounted B ills bought in open market TJ. S. -Certificates of indebtedness Within 15 'days 238,154 32 ,925 16 to 30 days 53,759 20 , 09s 74,132 31 to 60 days S3 , 2 22 ,204 3,500 6l to 90 days 46,260 18,350 34,217 Over 90 days 4 7,235 3,5 4 6 242,011 Total 468,696 97,123 353,860 Released for publication Friday morning, May 19, 1922; not earlier. FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS MAY 17, 1922, st.2784d. (in thousands of dollars) federal Reserve Agent at Boston New York phila. Cleve. Rich. Atlanta Chicago St,LOuis Minn, 101,120 26,250 394,173 8 2 ,6l4 11,830 53,330 Kans.Cy, Dallas San Fran. Total R E S O U R C E S Federal Reserve notes on hand 109,150 Federal Reserve notes outstanding 165,057 •Collateral security for Federal Reserve notes outstanding: Gold and gold certificates 5,300 Gold redemption fund 1 8,820 Gold fund - F. R. Board 118,000 Eligible paper Amount required 22,937 Excess amount held 5 ,6 9 9 TOTAL 254,210 4 6 ,2 20 31,640 830,835 208,941 215,976 356,925 - 13,275 41,186 13,105 11,483 401,000 144,389 155,000 31,724 51,447 36,218 29,493 6,382 19,919 30,405 65,189 93,744 122,752 — — 3 ,5 9 5 40,7 95 2 ,4 0 0 4,622 91,000 15,0 14 33 2,64 4 2,759 58,800 4 9 ,3 54 5 ,734 24,730 9 ,8 4 0 4 6 ,5 1 5 41,803 13,495 10,997 7,560 13,052 2,297 16,000 21,981 19,900 70,398 19,915 53,520 29,701 259,560 7 ,702 3,202 44,360 799,3^9 2 , 527,081 4o6,2i4 18,642 136,736 10,000 185,254 1,597,242 2 ,0 11 9 ,9 8 8 22,636 2,16 3 20,869 55,664 519 386,889 *+44,963 1,975,373 470,484 43 3,5 11 223,627 320,533 931,269 202,475 124,083 162,859 100,186 573,159 6 , 012,522 274,207 1 ,1 1 5 ,0 4 5 2 5 5 ,16 1 247,616 124,149 187,941 495,293 103,564 65,160 90,298 49,616 313,080 3 , 326,430 142,120 3 47,658 88,318 31,349 27,5 74 47,562 24,999 19 ,7 13 203,896 2 ,1 4 0 ,1 9 2 30,857 5,593 159 ,0 11 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 28,636 799,111 157,494 179,758 6 1,2 17 57,829 56,137 44,390 55,088 98,022 34,570 444,963 1,975,373 470,4-84 4 5 3 ,5 11 223,627 320,533 69,119 24,492 56,183 545,900 931,269 202,475 124,083 162,859 100,136 573,159 6 , 012,522
@FedFRASER