The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STAT&jENT FOE T:IS PRESS Released for publication Friday morning, May 20; not earlier. :.lSt .IQ?}. Federal Reserve Board May 19, 1921 • Fiscal operations of the Government, including the redemption on and after -lay 16 of ever $200,000,000 of Treasury certificates, payment of the semi-annual interest on the Second Liberty bonds and issuance of about $256,000,000 of new loan certificates are reflected in the Federal Reserve Board's latest weekly bank statement issued as at close of business on Hay 18, 1921 Redemption of Treasury certificates enabled the member banks to reduce considerably their indebtedness to the Reserve banks- Ums the latter's holdings of paper secured by Government obligations declined by $142,800,000 and those cf other discounted paper - by about $50,000,000. Acceptances purchased in open market show an increase of $5,100,000, while Pittman certificates fell off $3,000,000- An in c r e a s e d $125,300,000 in other Treasury certificates is due m the first place to the taking by five Reserve banks of $91,000,000 of special certificates tc cover advances to the Govern ment^ pending collection of funds from depositary institutions, also to the purcnase oy the New York Reserve bank of certificates from local member banks. In consequence of the above changes, total earning assets show a further decline of $65,100,000, and on May 18 stood at $2,314,000,000, compared with $3,221,400,000 on May 21 of last year. Of the total holdings of $774,900,000 of paper secured by Government obligations, $512,500,000, or 66.1 per cent, were secured by Liberty and other U. S. bonds; $215,400,000, or 27-8 per cent,- by Victory notes, and I 7(000,000, or 6 .1 per cent - by Treasury certificates, compared with §578,900,000, $250,100,000 and $88,700,000 reported the week before. Discounted paper held by the New York Bank includes $17,800,000 of bills discounted for the Richmond and Minneapolis banks, while bills held y the Boston an- Cleveland hanks include $6,100,000 of bills discounted for the Dallas bank, the total of bills ^ disco'unted for other Reserve banks thus showing an increase for the week from $lU, 300,000 to $ 23, 500, 000. Government deposits axe shown $1,800,000 larger than the week before reserve deposits show a decrease of $ 22, 500, 000, other deposits, compesed’ v cashier's checks and non-members1 clearing accounts, increased by 93,^ 00, 000, and total deposits decreased by $ l 6 ,800,000• P'es3rve note circulation shows a further decline for the week of $37,500,000, the May 18 total of $2,767,400,000 being $637,500,000, or 15.7 per cent, below the peak figure of December 23 , 1920, and 10.3 per cent below the total reported on May 21 of last year. For the week the banks report a further gain of $ 15 , 300,000 of gold reserves, largely through purchases of imported gold, as against a loss of about ^>4,000,COO in silver and legals. The caabined result of a gain of $11,300,000 in reserves and of the above mentioned reductions in deposits and note liabilities, is seen in a rise of the reserve ratio from 55-9 to 56.8 per cent. Released for publication Friday c o m in g , Hay 20, 1J21; not earlier.. S t . 1583a. RESCUECSS AND LIABILITIES 07 THE TWELVE FEDERAL RESERVE BANKS CCXIBIM1E. (In thousands of dollars) R E S O U R C E S Gold and gold certificates . • Gold settlement fund - E .R .Board Gold with foreign agencies . . Total gold L.0Id by banks Gold with Itederal Ressrva Agents Gold redemption fund ............... Total gold reserves . . . . Legal tender notes, silver, ctc Total reserves ............... Bills discounted: Sec. by U .S. Government obligations All other . ....................... Bills bought in open market Total bills on hand . . , U.S. Government bonds. . . . U. S. Victory notes . . . . U. S- Certificates of indebtedness: One-year certificates (Pittman A c t ). All other . ........................................ Total earning assets . . . . . . Bank p r e m i s e s .................. ... .................. 5fo Redemption fund against E. R. Bank n o t e s ............... ... . . » . Uncollected i t e m s ................................. All other resources ............................. TOTAL RESOURCES .................. L I A B I L I T I E S Capital paid i n ............................. S u r p l u s ............................. ... . . , Reserved for Gov't, franchise tax Deposi ts: I Government................................. ... Member bank - reserve account All o t h e r .................................... ^ Total deposits ......................... 325,351 454,105 377,610 450, 524 779^96 1,458,615 228,194 1,374,138 140 .791 161.221 2 , 378,506 170 ,2 2 5 2 , 5% , 13^ 7 7 4 ,2 6 9 1,067,684 ____ S I , 6S7 1 ,9 2 4 ,2£C 25,924 23 169,735 . 359,885 112,781 622,405 1,09 s, £23 158.489 2,363 , 553 174,220 1,539,717 2,537,773 . 2,079,538 % 917,697 1 , 117,660 1,446,723 1,053,663 417,362 76^617 2,111,934 25,685 23 139,821 2,517,754 26,756 65 234,573 __ 128.936 2,313,972 237,875 U L52 259,375 17.326 2,373,135 3 , 221,320 23,192 23,007 12,652 11,475 520,27c 12,430 11,374 532,776 11.886 12,081 754,3&3 6 , l4i 5 , 4 9 0 , Use 5,435,951 6 , 026,161 102,116 202,036 102,033 202, 03b 120,120 34,014 15,632 32,528 13,759 1,687,925 53,726 24,36s 1,665,517 ... 3 5., 453 1,716,642 1,733,444 96.305 1,954,338 2,767,415 2, 204,933 3,085,202 i47,7o6 491,004 25,487 5,490,480 149,294 441,950 23,1.31 177,371 585, 517 6^.227 5 , 495,951 6, 086,161 Ratio of total reserves to deposit and 5 . R. note liabilities combined . . 56 . 2^ 55 . 91° *42.7# Ratio of gold reserves to E. R. notes I in circulation after setting aside 35^ against deposit liabilities . 70.4# 6c. 8l *47 . 2? jE. R , notes in actual circulation E. P. Bank notes in circulation net liability . . . . . . . . . Deferred availability items . . . 1All other l i a b i l i t i e s .................. TOTAL LIABILITIES 1 .............. ♦Calculated on basis of net deposits and e 31.660 1 , 233,665 .R. notes in circulation. Released for publication Friday rooming, May 20, 1921; not earlier. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MAY 18, 1921. S t. 1983b R E S O U R C E S (In thousands of dollars) Federal Reserve Bank of Boston New York Phila. Clevel. Richm. Atlanta ChicagoSt.Louis Minn. Kans.Cy. Dallas San Fran. Total Gold and gold certificates 7,660 244,853 1,913 5,802 2,691 4,323 1 9 ,4 a 2,672 8,063 1,948 8,390 17,655 325,391 Gold settlement fund - F, R, Board 3.4,700. 4l,013 43.119 6Q.188 23.831 14.930 Il4.q48 20,583 9.1 14 36 .523 4.859 41.297 454.IQS Total gold held by banks 42,360 285,866 45,032 74,990 26,522 19,253 134,369 23,255 17,177 38,471 13,240 58,952 779,496 Gold with F. R. Agents 183,271 361 ,578 1 20,94l 195,109 38*023 75,398 228,288 67,471 20,714 34,031 10,§91 123,504 1 , 458,619 Gold redemption fund lo,.812 36.000 10.581 5.147 9.731 4.971 23,059 3.921 4.16Z 4.077 10.637 11,693 l40,791 Total gold reserves 2^2,4U-3 683,444 176,554 275,246 74,276 99,622 385,716 94,647 42,053 76,579 34,177 194,149 2 , 378,906 Legal tender notes, silver, etc. 16,898 96.806 4.310 4,566 4.265 5.970 13.120 11.224 639 3.638___ 6.270 2.522 170.228 Total reserves 259, 34l 780,250 180,864 279,812 78,541 105,592 398,836 105,871. 4 2 , 69^ 80,2L7 40,447 196,671 2 , 5 ^ , 13^ Bills discounted: (a) Secured by U*S,Gov‘ t obligations 38,920 255*926 109,324 4 1 ,5 5 3 ,4 2 ,0 2 0 47 , 3 9 7 112 ,5 9 4 32,040 8,205 24,311 10,919 51,660 774,869 All other 53,918 240,008 37,641 82,178 68,097 59,393 199 ,616 42 ,516 63,918 56,971 53 , 329110,099 1 , 067,684 Bills bought in open market , £ 12,798 39.601 8,336 8.091 1.9 )9 1.000 2 . 68b 435________ -_______ 25 171 5.965 81.667 Total bills on hand 105 , 63b 535,535 155,301 132,422 112,076 107 , 7 9 0 314 ,896 74,991 72,123 81,307 64.,419 167,724 1,924,220 U, S» Government bonds 55O 1,005 1 ,434 8}4 1,233 911 4,4§0 1,153 115 8,866 3,975 1,358 25,924 U» S, Victory notes 5 _ - 1 0 3 1 4 23 U. S, Certificates of indebtedness: One year'certificates (Pittman Act) 15,936 55 , 27c 27,780 21,799 12,260 15,564 36,112 13,068 8,480 10,320 4,400 10,880 234,875 All other 11,218 82.855 6,849 21,01 6________ 1________ 1 6.198 40 115 l4 ________ 629 1 28.936 i Total earning assets 136,345 674,671 1 91 ,3 6 41 76 ,08 1 125,570 124 ,269 361,696 89,252 80,833 100,508 72,798 180,591 2 , 313,978 Bank premises 3,424 4,918 527 2,039 1,901 738 3,586 627 599 2,44§ 1,838 55O ’ 23,19? 5/e Redemption fund against F.R.Bk notes 1,022 1,980 1,300 1,240 601 669 1,89 7 5 23 423 916 361 544 11,476 Uncollected items 50,475 126,734 53,888 56,885 44,825 22,432 71,648 32,833 15,669 42,343 23,789 38,7^9 580,270 All other resources 548 3.891 _____662 827 431______ 647 2.270 622_____ 169 518 1.222 623 1 2.430 TOTAL RESOURCES 451,155 1,592,444 428,605 516,884 251,869 254,347 839,933 229,728 140,385 226,947 140,455 4 i 7 J 2 8 5,490,480 (a) Includes bills discounted for other F. R. Banks, viz. : 4,90b 17,810 - 1,225 - - 23,94l wm Released for publication Friday morning, May 20, 1921; not earlier. RESOURCES AND LIABILITIES OF HIE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MAY IS, 1921. St. 1983c. (in thousands of dollars) L I A B I L I T I E S Fediral Reserve Bank Boston New York Ehila. Clevel. Richn. Atlanta Chicago St .Louis Minn. Xans.Cy. Dallas San Fran. Total Capital paid in 7 ,8 9 4 2£. S 87 8 ,6 1 5 1 1 ,0 2 5 5 ,4 o 4 4 ,0 7 4 1 4 ,2 3 1 u, U75 3 ,5 3 3 U ,U 93 4,205 7 ,2 8 0 1 0 2 ,1 1 6 Surplus 1 5 ,7 1 1 5 p ,4 i 4 1 7 ,0 1 0 2 0 ,3 0 5 1 0 ,5 6 1 8 ,3 4 3 2 8 ,9 8 0 8,346 6 ,9 8 0 9,159 6,033 1 4 ,1 9 4 2 0 2 ,0 3 6 Reserved for Govt, franchise tax 1 ,8 7 0 1 4 ,6 3 0 2 ,0 8 1 97U 1 ,2 3 5 2 ,1 5 5 6 ,4 3 1 594 1 ,1 1 6 1 ,2 7 0 1 ,6 5 8 3 4 ,0 1 4 Deposits: Government 802 r71 i1 *0?3 , £55 M 68 , 2 >071 ^30 2,290 2,084 3,054 1,288 356 15,632 Member bank - reserve account 109,423 633,057 104,342 143,638 54,505 46,087 243,988 64,078 42,097 68,472 45 ,049 110 ,181 1 , 665,517 All other ____ ^ ___ ,.^ g 0 4 ,., j-,444 974 995______ 521___ ^969 1,277 549 79S 498 7.796 35.493 Total deposits 111,093 649,932 106,849 14 5 ,1 € T 5^7668 48,67 9 248*387 67,645 44,730 72,324 “ 46,835 118,333 l J l C ^ 2 F. R- notes in actual circulation 256, o4o 718,909 229,259 269,829 129,734 159,882 458,934 108,600 63,065 85, 36s 51,734 236,061 2,767,415 F. R. Bank notes in circulation net liability 13,795 22,707 13,075 18,366 7,439 11,986 22,116 6,982 6,451 11,809 5,219 7,821 147,766 Deferred availability items 43 , 16 s 95,687 49,981 48,167 39,459 18,264 56,568 31,446 13,171 4o,987 24,382 29,724 491 ,004 All other liabilities 1.369 964 4.286i,64o 1^339 1,537 2,047 2.657 29.487 — L-5S4______L_27g__ _lJ,735 .3 ,0 5 1 TOTAL LIABILITIES 4 5 1 , 1 5 5 1,592 ,1+ 44 428,605 5 1 6 ,8 8 4 2 5 1 ,8 6 9 2 5 4 ,3 4 7 8 3 9 ,9 3 3 2 2 9 ,7 2 8 l 4 o ,3 8 5 2 2 6 ,9 4 7 i 4 o ,4 5 5 4 1 7 ,7 2 8 5 , 4 9 0 , 4 8 0 868 Ratio of total reserves to deposit and F.R. note liabilities combined, per cent 70*6 M E M O R A N D A 57 .0 53 -8 67.4 Contingent liability as endorser on discounted paper rediscounted with other F. R. Banks 42.1 5 0 .6 5 6 .4 6 0 .1 ?,SS5 Contingent liability on bills purchased for foreign correspondents • 2,336 1 2 ,0 9 4 2 ,5 6 0 2 ,6 2 4 1 ,5 6 s 3 9 .6 5 0 .9 7 ,:2 5 1 ,1 5 2 3 ,8 0 8 i , 5o 4 s 64 4i . o 5 5 .5 2 3 ,9 4 1 6 ,1 3 1 1,536 S3 2 56.8 1,472 32,350 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F. R. notes outstanding F. R. notes held by banks F. R. notes in actual circulation Bills discounted Bills bought in open market u , S. Certificates of indebtedness 272,328 245,808 2 9 5 ,1 0 6 1 3 6 ,2 6 s 1 6 9 ,5 7 1 5 0 2 ,5 6 3 131,775 6 5 , 3 8 5 94 ,o 4 s 55,755 2 8 2 ,2 2 8 3 , 1 1 2 , 0 6 7 16.549 2 5 . 2 7 7 ____6 , 5 3 4 ____9 , 6 8 9 4 3 ,6 2 9 2 3 . 1 7 5 2 .3 2 0 8 .6 8 0 4 . 021 4 6 .1 6 7 3 4 4 .6 5 2 2 5 6 , o 4o 7 1 8 ,9 0 9 2 2 9 ,2 5 9 2 6 9 ,8 2 9 1 2 9 ,7 3 4 159 , S82 458,934 1 0 8 ,6 0 0 6 3 ,0 6 5 8 5 ,36s 5 1 ,7 3 4 2 3 6 ,0 6 1 2 , 7 6 7 , 4 1 5 DISTRIBUTION OF BILLS AND U. S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days Over 90 days Total 1 , 090,790 193,730 3 1 6 ,2 6 8 1 7 8 ,1 1 1 6 3 ,5 9 4 1 , 842,553 5 1 ,0 0 6 18,057 i o ,o i 4 2 ,5 9 0 8 1 ,6 6 7 86,332 1 5 ,2 0 6 . 1 0 ,3 2 0 25,640 2 2 6 ,3 1 3 3 6 3 ,8 1 1 16.288 8 6 1 ,2 3 2 14 2 ,3 2 3 Released for publication Friday morning, May 20, 1921; not earlier. FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS MAY IS, 1921. St.1983d. (in thousands of dollars) Federal Reserve Agent at Federal Reserve notes on hand Itederal Reserve notes outstanding Collateral security for Federal Reserve notes outstanding: Gold and gold certificates Gold redemption fund Gold settlement fund-F.R.Board Eligible paper: Amount required Excess amount held T0TAL Boston 93,930 272,328 5,600 17,671 160,000 89,057 16,579 New York Phila. Clevel. Richm.-Atlanta Chicago St.Louis 268,000 21,420 42,620 22,408 70.4U7 162,960 27,920 861,232 245^808 295,106 136,268 169,571 502,563 131,775 13 }65U 236, 32U 23,775 10,552 16,334 111,000 110,389 155,000 y ^99 , 65U 124,86? 93,997 3,298 20 178 32,078 3,523 34,500 98,245 10,0*1 3,500 4,898 6,110 67,000 15,644 212,644 3,030 58,331 94,173 13,599 274,275 4o ,622 10,588 64,304 Minn. Kans.Cy. 12,180 4,100 65,385 94, o 4 s Dallas San Fran. Total 791,481 27,936 37,500 55,755 282,228 3,112,067 233,852 112,347 18,742 2,234 104,762 1 , 052,420 4,891 13,052 1,462 6,200 3,671 30,360 4U, 671 26,537 60,017 21,251 3,166 45,464 158,724 1,653,44s 18,560 221,370 7,439 655,165 1,993,762 533 , 21U 664,910 305,585 423,188 1 , 208,708 302,058 169,487 213 , UU7 158,066 609,395 7,236,985 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 365,258 1 , 129,232 267 , 228337,726 158,676 24o,018 665,523 159,695 77,565 98,l4s 83,751 319,728 3,903,54s J S ’ cIc 105,636 228,288 20,714 71,208 34,031 81,268 10 , 2 9 1 1 2 3 , 5 0 4 1 , 458,619 64,024 166,163 1,874,818 I 61’ 578 120,941 195,109 38,023 75,398 502,952 l45,pU5 132,075 108,886 107,772 3l4,897 67,471 74,892 6 5 5 ,16 5 1 , 993,762 533 , 214 664,910 305,585 423,188 1 , 208,708 302,058 169 ,487 2 13 ,4U? 158,066 609,395 7 , 236,985 s t a t r im t for the press Released for p u b lica tio n Eriday morning, May 27; not e a r l i e r . S t .2000 Federal Reserve "bo^tcL May 26 , 19 2 1 . C0KDITIC1T OF FEDERAL RESERVE BANKSContinued gains of gold, o ff s e t in part by losses of other cash r e serves, and further reductions in depo sit and note l i a b i l i t i e s are in d i cated by the Federal Reserve Board’ s weakly bank statement issued as at close o f "business on Hay 25, 1921- The banks' reserve r a t io shows a fur ther r i s e for the week frcm 56-8 to 57*6 per cent. Itederal Reserve bank holdings of paper secured by U. S. Government •h ^fa^ ° nS increase<i ^y $19 , 100, 000, those o f other discounted paper ™ ° 00> ^ those o f acceptances purchased in open market - by ? ’ ’ Pitm an c e r t i f i c a t e s f e l l o f f $1 , 500, 000, while other c e r t i f ic a t e s on hand, because of the redemption by the Treasury of sp ecia l c e r t i f i c a t e s held by the Reserve banks to cover advances to the Govern ment show a decline of $82,100,000. In consequence o f the above changes to ta l earning assets show a further decline o f $50.^00,000 and on May 25 ’ tood at v2, 263 ,100, 000, compared with $j>, 2U4,ooo/'bfi^l'lay 2S o f l a s t year . WaT. „ S f - ! h: . t 0t a l ^ S dingS ° f ^7^,000.000 of paper secured by Government anl oth-rarr10S S\ S $ 5 3 % 0 000 with I rit , J ’ ° ° o ? ° 0, ° r 5-1 PSr Cent> WQre securei t-Y Liberty r ’7 ^ ’ 700>000> or 2 2 .2 per cent, by Victory notes, nAn°r cto-,'I per Cent’ " Treasury c e r t i f i c a t e s , compared >000, s 2 l 6 , 200, 000 and 4>^7, 000,000 reported the week before. ir.f, 1l1^ SC0?n t®dAf^per held by the Boston, New York and Cleveland barks o lis $30,000,000 o f b i l l s discounted for the Richnond, Minnea p o lis and D allas banks, compared with $23,900,000 the week before. Of $17 SOOSnnn 35 per C0nt’ ° r $2 ^ 300, 000, as against ' iS Carri8d b7 lfeW i0rk f0r the EiCta® d “ d Government deposits show an increase for the week of $1 700 000 while reserve deposits decreased by $9 , 900, 000, and other deposits, comby^ 2 koo o m Cl8aring “ counts and cashier 's checks bv thA t +f l o a t carried by the Reserve banks, as measured side "and t ^ e t o t ^ i tne t o t a l o f "uncollected items ’1 on the resource side dnd tue to ta l of "deferred a v a i l a b i l i t y items" on the l i a b i l i t y side v o S e a $S5 - m 00f 0al ° Ut ^ ? 0? ’ ° 00 Sin° e thS Previous ^ id a y , i t s present IS wheA i t i f f i r t ! “ E , 300,000 le s s than the amoxint shown on March reserve Ratios d lsre^ ^ in c a lc u la tin g deposit l i a b i l i t i e s and wee*?te c irc u la tio R ' sh°ws a further decline for the or n e - r lv -V) ’ + v® 25 to ta l ° f ^2»73^, 800, 000 being $670,200 000 12 per c ° r t below°th-’ t t°T ^ ° f DccCmber 23» 1920 , and about bar- l i , H n u r n h; 1 ° ^ £eported on :ia-y 2g l ^ t year. Federal Reserve A c t io n o ~ f ^ C ^ T n n n ^ n° tSS in ‘ N a t i o n show a rea year ago- " ’ X° ^ ’ ° ° 0, comPared with $179,200,000 about G° ld ^serves show a further gain for the week of about $lH 000 OOn while the banks1 holdings of silver and "legals" f e U o f $ U , <&>,0 0 0 ’ Released for publication Friday morning, Kay 27, 1921; not earlier. St-2000a- RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) R E S O U R C E MaV 25, 1921 Gold and gold certificates ...................... Gold settlement fund -■F.R.Beard . .• . . . . Gold, with foreign a g e n c ie s ...................... Total gold held by banks . . . . . . Gold with Federal Reserve Agents . . - . Gold redanpticm fund ................................. 2 .............................................. Total sold r e s e r v e s ............................. Legal tender notes, silver, itc • • • Total reserves . . Bills discounted: Sec. by U. S, Government obligations All other ..................................... ... . Bills bought in open m a r k e t ............... Total bills on hand ......................... U. S . Government bonds • ...................... U. S. Victory n o t e s .................. - * • U. S. Certificates of indebtedness: One-year certificates (Pittman Act) All other ........................................ Total earning assets . . . . . Bank premises .................................... 5$ Redemption fund against F. R. Bank n o t e s ......................... ... Uncollected items ............................. All other resources . ...................... TOTAL RESOURCES . . . . . . . ' 7 9 , 2 5 1 May IS, 1921 325,391 May 28, 1920 167,135 424,452 111, 530 703,117 1 ,1 1 2 ,040 137,9.46 474,952 454,105 754, 213 1,505, 229 2,392,947 165.285 E, 55S, 232 779,496 lt45S, 619 140,791 2,37S, 906 ■ 170,228 2 , 549, 13'4 793,951 1,076,305 ......? L i J g 1,957,394 25,574 23 7 7 4 ,8 6 9 1,447,962 1 , 067,684 81,667 1 , 924,220 25,924 23 1,071,469 4 i 8. 6oo 233,375 ___ 46,754 2 3 4 ,875 1,953,103 .. .119, 3^3 2 , 092,496 2,938,031 26,794 69 128.936 2, 313,973 23,192 259,3 75 ___20,156 3,244,425 12,66s 5,379, 76o 11,476 530,270 ___ 12,430 5,490,480 746,077 6,812 6 , i i 4,34 o 102,173 202,036 35, 271 102,116 202,036 34,014 94,000 120,120 17»323 15,632 1 , 665,517 . ...35, 413, 1, 716,642 2 , 767,415 36,433 1,252,916 ___ 91.037 1,980,386 3 , 107,021 424,929 147,766 491,004 179,185 ___ 29. 757 5,379,760 29,487 5,490,480 72.384 Ratio of total reserves to deposit 'and F. R- note liabilities combined . . 57 -6$ 56 . 8$ Ratio of gold reserves to F. R. notes in circulation after setting aside 35$ against deposit liabilities . - 71 -7$ 70-4$ L I A B I L I T I E S Capital paid in - ............................. Surplus ............................................... Reserved for Gov't, franchise tax Deposits: Goverment ................................. 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 . . . . . . 2,263,120 23,396 1 1 ,174 510,175 1,655,609 33.024 1,705, 956 2, 734,804 144,334 11, S62 561,244 6 ,li4 ,3 4 o *42-7?■a ♦Calculated on basis of net deposits and F. R. notes in circulation. Released for puolication Friday morning, May 27 , 1921 ; not e arlier, RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS Federal Reserve G old and G old settlem en t T otal go ld g o ll G old w ith redem ption Legal B ills go ld B ills R* notes, Board banks 1 silver, e tc. (a) by U^S^GovH o b ligatio n s other bought- in b ills open Governm ent V icto ry U* S* C e rtific a te s year A ll other T otal m arket on h a n d S> One bonds notes of in debtedness: c e rtific a te s earnin g (P ittm an assets 18,936 bl 4 55,270 4^508 12c, 4£4 653,199 Act) 3,446 U n co llected o the r TOTAL fund again st F,R *£ k RESOURCES other R, 2,059 115,346 3.448 539,325 1 , 589,685 b ills F, 772 56s r 3s o u r c e s In clu d es not e s 42,664 ite& s d iscou n ted Banks, viz*: MAY 25, 19 8 1, (In thousands S t.L o u is M inn. S t . 2000b of d o lla rs.) K an s.C y. 26,780 a , 799 1,151 30 l£ 3,249 155,655 527 2,043 1,300 1,239 45,565 48,43-5 621 527 408,657 502,668 11,760 15,564 J I 36,11; 145 i2 3 ,5 6 o 'i2 5,670 356,550 1,903 742 3,586 501 4o ,991 492 621 18,690 D allas San Fr-m , To t a l 19,609 2,703 s . 260 1,951 8 ,7 a 1S, 4l 8 279 . 26l n U, 7i i .1.4^056 8,000 32.389 2.022 31 ?q4 474.952 13 4 , 320 ' 16,759 16,260 314,340 10,743 50 , a 754,213 233,908 67 , 19 s 21,802 33,215 13 , 97S 131,263 1,505,229 16.575 X 3,069 4.584 5.790 _lx 9IL 149 _ - 121*305 384,803 87.934 ‘ 41,131 72,139 30,511 193,224 2 , 392,947 I 3 .S02 11,29s 791 -1 l122__ 6,399 - 2 .485 1 6 5 .285 398,605 99*232 5l , 9 22 75,266 36,910 195,709 2,558,23? ) 42,020 268,370110,731 47,015 \ 39,080 47,685 112,004 6,05s 24,979 53,804 249,132 34,245 79,213 69,397 60,570 199 , S03 4^1,721 01,879 57,919 12 *355 .. 44,848 8,908 6.755 1.989____936 3,996 -1x513. 25 562,350 153,884 132,983 i i o ,466 109,191 315,803 108,379 77,502 67,937' 82,923 550 1,005 1,434 833 1,253 911 4,490 1,153 * 116 8,8 66 10 3 5 1 p rem ises 5/j R e c l f i x o v i o n 2, 02k 4,286 22.110 10,865 U5,834 262,337 53,750 ??9,773 2 5 ,7 3 5 1 5 ,1 5 1 4i i ,284 1 1 2 ,3 1 4 194,599 34,921 72,328 177,759 2 , 2 4 2 _ ---------3«---L--------------------o o o _._I.5 I i __---_ 5,I________________________________ ^ 7 11,974_____ 5.122 ---------------_ J 245,635 709,621 173,640 2S94S19 71,629 92,601 1L-555___ 30x3.3.__ J L Z55 . 4,650- 4.302__ 6 . 19 s 263,390 SOO,544 177.395 294,469 751991 93,799 fund S, (a) 197,228 1,843 5,269 38.085 -----65 ,iQ9_51, 001 , ,.^3,904 reserves * A 11 F, New York 7, 7^9 A gents TJ* Bank - by d iscou n ted : T otal U B oston reserves • Secured A ll R* tender T otal fund h eld F, of c e rtific a te s G old T otal Bank R E S O U R C E S Phila. Clevel, Richm. Atlanta Chicago 1,960 61.134 664 2,298 243,43s 245,186 824,133 13,068 10,320 - 111. 11,296 53,44*7 793,951 53,46s 112,214 1,0 76,305 171 > ,5 4 0 64,875 171,101 3,975 1,008 4 4 , 4oo 10,880 ___ 13. _71 . 21 91,736 7 6 , 6 1 0 1 0 2 , 2 4 3 73,254 183,010 627 599 2 ,446 1,839 549 27s 916 523 361 544 27,631 1 4 , 29 8 3 8 . 8 8 3 22,164 34,374 632 20s .5 1 3 1.162 2,204 220,387' 133,915 220,a f r l g t f f i f r g .a o 8 ,48 0 ____ 87.138 1,957,394 25,575 23 233,375 5L254 ,263,120 23,396 11,174 510,175 3 1 ,6 6 3 for 3,542 25,357 1,075 29,964 •Released.for publication Eriday morning, May 27, 1921; not earlier . 3t -2000c. RESOURCES AND LIABILITIES OF THE EPDERAL RESERVE BANKS AT CLOSE OF BUSINESS MAY 25, 1921 (in thousands o f d o lla r s) l i a b i l i t i e s F ederal Reserve Bank Boston New York Phila# C le v e l. Ricbm, A tlan ta Chicago S t.L ou is ann K ans•Gy Dallas San Eran. Total C ap ital paid in 7,294 26, SS7 8,615 11,046 5,395 4,022 14,229 4,499 4,497 4,211 7,227 102,173 3,531 Surplus 15,711 56,4lU 17,010 20,305 10,561 2,343 22,920 .2,346 202,036 6,920 9,159 6,033 14,194 Reserved fo r Govt, fran ch ise tax 1,932 ] 4 ( 344 2,193 1,026 1,32 1 2,221 6,756 609 1,293 1,205 35, 271 1,16 5 Deposi t s : Government 1,195 471 635 2,064 642 1,567 1,323 i,24s 1,653 1,209 3,1 22 17,323 1,594 Member bank - reserve account 107,44-2 653,641 95,322 135,579' 54,226 44,23 0 239,407 6 2,532 32,202 70,403 45 , 3 3 9 1 0 2 , 6 0 2 1 , 655,609 A ll other 7Y3 ____________ 16 J 03 474 341 ______________________ 2.324 694 .______ .______ j520 s_ _ _ Jj64 _ 426___ 2.767 33,024 1,069 T otal d e p o sits 109 ,*+10 670,415 97,092 132,412 55,342 4 6 , 13 s ”2437054 65,020 '4o, 922 "’72 , 620" 46",974 120,497 --1 , 705,956 1 m rS' — *<*1\I rI E. R. n o te s in a c tu a l c ir c u la tio n 254,425 707,350 222,229 266,951 127,109 157 , 723 456,793 105,249 61,769 23,447 50,144 234,295 2,734,204 E. R, Bank n o tes in c ir c u la tio n n et lia b ilit y 12 , 229 24,301 11,970 12,33 4 6,644 11,722 21,469 6.297 6,310 12,024 7,675 144,534 5,079 D eferred a v a ila b ilit y item s 35,976 22,163 4i, 795 43/524 35,690 13,252 4g , 536 27,320 424,929 21,160 11,903 3 5,593 A ll other l i a b i l i t i e s . 1,621r______7.J1JL....h J3 1 ___ 3*070 _ JLJS76 _ _ 073 _ 4,316 2,029 U I 1 - r_____ -1,696 . 1,335___ l. 594____--------29,757 TOTAL LIABILITIES 439,324 1 , 529,625 402,6^7 502, 66s 243,438 2^ 5,126 824,133 220,327 133,915 220,227 135,690 4i6,390 5 , 379,760 H E M 0 R A N D A R atio o f to ta l re se r v e s to d e p o sit and F .R » note l i a o i l i t i e s cotnbined, per cent 72.4 52.1 54.5 72.6 4 i .7 42,4 4o .2 42.2 32.0 55.1 52.1 57 57 . C ontingent l i a b i l i t y as endorser on d iscou n ted paper red iscou n ted w ith other s*. T?, Banks 15,000 10,347 4,617 29,964 C ontingent l i a b i l i t y on b i l l s purchased for foreign, correspondents 2,624 2,336 12,077 2,560 264 1,562 1,152 3,208 1,504 232 1,472 32,333 V > : 36 FEDERAL RESERVE NOTES OUTSTAYING AND IN ACTUAL CIRCULATION 5*. B .-n o te s ou tstan d in g 270,616 255,937 244,122 292,336 133,226 165,811 497,243 129,601 64,293 93,552 53 , 73 5 290 , 527 3 ,0 9 l ,H 9 7. R. n o tes h eld by banks 16 , 1 3 1 __ l4s, 527__ 15,953__ 25,325 6 .117 8,028 40,450 23,752 2,524 10,105 3,591 55,692 356,315 P* K, n o te s in act*ual c ir c u la tio n 254,485 707,350 22s, 229 26^,951 127,109 157 , 7S3 456, 793' 105,249 61,769 ' 837W 7 5o7i44"234,g§5 2 , 734, 205 DISTRIBUTION OF BILLS AND U . S . CERTIFICATES OF INDEBTEDNESS BY MATURITIES W ithin 15 days l6 to 30 days 31 to 60 days ’T otal Over 90 days 6l to 90 days Bills disco*urited 1,102, SOS 1 2 S ,"45 1,870,256 179,564 70,132 322,907 Bills 'bought in open market 56,289 16 , 402 12 , l4g 27,132 2,293 8 * Certificates of indebtedness 36,607 220,129 4, 769 9,227 203,329 2b,197 *t I---- j —J \ r- —* — -«• w \i A \ i \ 1 —a \ l\ I T 7 ^I yO I Released for publication Friday morning, Hay 27, 19 2 1 ; not earlier. S t .2000d , FEDERAL RFSTftVE AG-EJTTS * ACCOUNTS AT CL OSF OF HJSINFSS "iAY 25 , 1 9 2 1 , (In thousands of dollars) Federal Reserve Agent at Federal Reserve notes on hand Ifederal Reserve notes outstanding Collateral security for Federal Reserve notes outstanding: Gold and gold certificates Gold redemption fund Gold settlement fund-F.R , Bo».rc Eligible paper: Amot'-nt required Excess snount held TOTAL Boston 93,130 270,616 5,600 22,159 150,000 92,257 _15,522 New York Phila. 26s , 000 21,420 S55,937 244,122 226,925 23,359 101,000 165,700 29,420 497, 2U3 129,601 23,775 3,500 6,110 Minn. Kans.Cy. 12,360 ^,720 64,293 93, 552 13,052 2 ,2 5 5 Dallas San FranTotal 22.702 3 4 , 5U0 79U,7i2 53, 73 5 290, 527 3 , 091,119 4,231 15,463 343,253 127,424 13,925 92,329 16,264 217,644 52,231 6,200 30,360 5,234 116,394 1 , 033,952 444,653 13 1 , 262 24 ,966 2,302 52,425 , ‘+03 14,99! 42,401 60,337 24,356 22,536 39,757 152,724 1 , 525 , 29c 24,770 10,733 31$, 906 649,224 2, 064, c4o 512,026 2,550 3,253 303,673 165,302 2 iU,U 20 160,942 626,447 7 , 289,262 L I A B I L I T I F S Net amount of Federal Reserve notes received from Comp troller cf the Currency 5-u, i4e 1 , 123,937 265,602 Cel lateral received fran Federal Reserve Bank: Gold Eligible paper 177, 759 102,379 TOTAL 4ll, 224 112,314 529,619 134,170 64q , 224 2, o64}24o . 512,026 *J) 662,343 159,021 76,653 38,332 22,437 325,127 3,8-35,237 67 , 19 s 77,394 1,802 66,247 33,215 22,273 13,972 131,263 1,505, OOO ■57 1 , 292,796 .6U,* i LCr-4 233,902 315,760 303,673 lc$, 302 214,420 160 , 94? 626,447 7 ffi&9,862
@FedFRASER