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STATEMENT FOR THE PRESS
Released for publication
Friday morning 1 May 25i
not earlier.
CONDITION OF FEDERAL RESERVE Bi\NKS
St. 3529.
Federal Reserve Board,
May 24, 1923.
Increases of about $3,000,000 in di scoun.ted bills and of $18,100 1000 in
Government securities, as against a reduction of $10,800 1 000 in acceptances pur•
chased in open market, are shown in the Federal Reserve Board's weekly bank statement issued as at close of business on May 23,. 1923,.·
Deposit liabilities declined
$7,4oOtOOO and Federal reserve note circulation- $5,300,000, while cash reserves
advanced $6,100 .ooo. The reserve ratio, in consequence of these changes, shows a
rise from 75.3 to 75.6 per cent.
Moderate increases in the holdings of ·discounted paper totaling $25,700,,000
are sho-wn for seven reserve banks, including the New York, Philadelphia, Atlanta,
and Kansas City banks, while decreases agg:r;-egating $22 1 700,000 are shown for five
other reserve banks, ·mainly for the Boston, Cleveland and Chicago banks. The New
York bank reports holdings of $20,600,000 of Treasury certificates, of which
$5,000,000 r~resent ~ecial certificates to cover advances to the Government pending collec}tion 't;f fund~? from depositary institutions.
Gold reserves show an increase for the week of $5,4oO,OOO and stand at
$3,093 t300,000, a. new high total for the system. Since January 3 the increase in
the System's gold reserves has been about $43,800,000, compared with an increase of
$132,4oo,ooo for the corre~onding period in 1922, The inter-district movement of
gold,•, thtoug:h the settlement fund ms been away from New York City, the local reserve banl;c, 'i'tpbrting ·a decrease of $36,700 1 000 in its gold reserves, Smaller reduc-.
tions in g~4. reserves 1 totaling $14,600,000 are shown for the Philadelphia, Richmond, Atlan~a, Kansas City and San Francisco banks. Chicago reports an increase in
its gold reserves of $19,500,000, Cleveland- an increase of $16•8'00,000, Bostonan increase of $12,900,000 and the three remaining banks an aggregate increase of
$7,600,000.
Holdings of paper secured by Government obligations increased during the week
from $360,200,000 to $366,800 1 000. Of the total held on May 23t $201,500,000, o~
55 per cent, were secured by United States bonds, $148,100,000~ or 4o,4 per cent,
by Treasury notes and about $17,000,000, or 4. 6 per cent, by Treasury c.ertificates,
,compared with $204,800,000, $142,700,000 and $10,600,000 reported, the week before,
;
A summary of changes in the principal assets and liabilities of the reserve
·banks, as compared with a week and a year ago 1 ~ollows:
..
.
. ...
Total reserves •
•
·Gold reserves • ' •
•
Ta tal earning as sets •
.
' • •
Discounted bills, total •
•
Secured by U. s. Government obligations ..
Other bills discounted
• '·
•
Purchased bills
•
'
'
.
.
.
..
.
. .. . ... .
. ..
. .
.
. ..
United States
total
:Bonds and notes • . . .
.....
... s. Certificates of indebtedness .
Tot.sl deposits • . . . . . .
llembers reserve d.eposi ts • . . .
Government deposits • • .
.
)ther deposits . • . . . . .
. ...
...
secur~ties,
'
T'
1
Federal Reserve notes in circulation •
F, R, Bank notes in circulation net liability • '
.
'
'
.. ...
c.
'
.. .. ••
•
..•
..
...•
• . ' .
Increase
or
Decrease
In millions of dollars
since
Ivla~ 24 1 1922
lvla~ 162 1923
+
+
52.5
6.7
+
85.6
+
5. 4
+
+
+
10.3
3.0
6.6
3.6
+
+
+
10,6
213.1
185. 7
27.4
~
10.8
+
165.5
+
+
+
,.
+
18.1
.8
18.9
7. 4
22,6
49.7
19. 7
5.3
.2
389.3
90.1
299.2
+
+
69.1
107.8
54.1
15.4
+
99.5
+
70.0
..
,,
'
···- ..
'
,,
0
•
'
.. ,. . . .
'
.
• •
Released for publicD.tion Friday trjornir~g, ,May
2'5, ·:.923;
not earlier.
St. 3529a
RESOU:iCES AND LIJ.EILI'.L'LSS
OF THE TVJELVE FEDEF..AL REf::.ERVE SI:TIZS CONIBINED•.
(In tr"ousa~ds of dollar:c)
·~lay
23, 192}
May
16, 1923 · May 24, 1922
R E S 0 U R ·. C E S
Gold and gold certificates .
Gold settlement fund - F. R, Board •
347,320
6)3,8(~
To tal gold held by banks •
Gold with Federal Reserve Agents .
Gold redemption fund . .
1,046,192
1,993, 724
53,379
----3,093,295
__94,43~
3, 137,733
63, 731
..
Total gold reserves
Reserves other than gold
Total reserves ,
Non-reserve cash . • . .
Bills discounted:
Sec. by U.S.Government obligations,
Other bills discounted • · •
, , .
Bills bought in open market
366,803
333,510
270 2850
971,163
I
150,890
56.069
55
1,173,177
50,932
To tal bi 11 s on hand . . • .
U, S. bonds and notes
. . •
U, S. Gertificatss of indebtedness ,
Municj.,pal warrants . . . .
Total earning assets
Bank prerni ses . • . ·
Redemption fund against
F. R. Bank notes
Uncollected items , •
All other resources . • •
'
.)
(•
5%
TOTAL 'RESOURCES
344,043
686) 707
1,030 J 750
1,999,813
57,317
3,087,335
93,166
3,181,051
66,642
326,412
482,937
809,349
2,141,120
57,220
3,007,689
1271564
3,135,253
360,200
337,131
231,609
181,071
306,169
105,364
592,604
240,990
)55,221
973~940
151,663
"37,226
. 4o.
1,167,869
50,434
*
1,18&,815
4o,65o
191
191
615,373 ;;U 734,416
~.1.4,057
14,3W1
5,115,550 5,214,710
7,605
501,733
20,303
4,894',359
109,273
218,369
104,695
215,398
56,057
1,907,893
29,74J,
1 ,522, 742
1,993,691
2,232,999
1,917,176
2,128,230
1 I AB I 1 I T I E S
Capital paid in •. •. •. •
... ""' ~...
Surplus • . . . . • . •
Deposits: "4·; •••
~. ,;J~ ~ .. ';.,"'
Government . . . · , . , "
.,.
,
Member bank- resh:JrVe account
Other denosits •
1 .....
.
., ,.,·.•,·
~~.·
It•:'••
109,278
218,369
"":"=
>'
G, 33tr(
~
Total .:!~posits •• ,
F, R, notes in actual circulation .
F. R, Bank notes in circulationnet liability . , . . . .
tefarred availability ~terns ,
. ·,
All other li'a.bili ties • • .
1, 930,519
49~429
.. .
TOTAL LI .ABILI 'l'IES
, ~b
·1,93t~,2
2,227,700
1,(,53
1.,878
554, s5o
6411510
16,990
17,623 ,'f
5, 115, 55~
5,214,710
Patio of total reserves to daposi t and
F. R, note liabilities combined . • . .
75. 6~,
Contingent liability on bills purchased
for foreign correspondents . . .
2317or6
*Not shown separately prior to January
c.
1923.
23,677
6o ,4o6
34,028
71,702
435 ,114
22,044
4,8~4 .359
33,344
• .;;:,_
·-..··.
I
-~~--~2. .
Released for :pu.b'li.c.;:ation Friday morning. May
.
25, 1923;
not earlier.
RES0{1(BCES AND LIABILITIES OF THE FEDERAL RESERVE.BANKS .AT CLOSE OF BUSINESS, May
3529b.
23, 1923.
(In thousands of dollars)
RESOURCES
Federal Reserve Bank of
Gold and gold certificates
Gold settlement fund- F.R. Doard
Total gold held by banks
(,}old \vith F. R." Agents
Gold redemption fund
Total gold reserves
Reserves other than gold
Total reserves
Non-reserve cash
Dills discounted:
Secured by U.S.Govt. obligations
Other bills discounted
Dills bought in open market
Total.bi1ls on hand
u. s.
bonds and notes
U. S. Certificates of indebtedness
~cipal
Boston
T6tal eqrning assets
Bank premises
2l ,607
16,520
20,318
58,445
5, 702
237
TOTAL RESOURCES
c. '
Rich.
12,615 8,610
65.847 24,44o
78,46~ 33,050
211,212 34,9l8
1,513 4,329
291,187 72,297
6,053 6,631
297,240 78,928
3,383 2,266
42 , 393
24,128
;:;1,125
87,646
24., 705 .
348
.Atlanta
5.970
2),873
29,843
90,319
2,663
122,825
7.421
1}0,276
7,474
Chicago St. Louis
51,826
13),473
185,299
361,869
5.912
553,080
13.707
566,787
7,510
3,449
23,24o
26,989
58,655
3,413
89,057
17,525
106,612
4,533
Minn.
8,025
15,959
23,984
46,789
1,595
72,368
757
73,125
1,989
36 ,050 24,14o 3,887 32,949 14,224 5,395
22,088· 39,085 26,999 50,829 17,+17 20,322
41,460 2,277 27,179 33.354 10,569
2
99,598 65,502 58,065 1l7,132 41,910 25,719
12.304
556 7,008 14,878 14,874
7,141
7 21,444
55
16
Kans. Cy. Dallas San Fran.
3,166
33,687
36,853
32,026
3,411
72,290
3;388
75,678
3,665
10,656
8,511
19,167
12,391'
1,076
32,634
4,477
37.111
4,378
Total
20,802
43.903
64,705
171,711
3.939
240,355
},605
243,960
6,907
347,320
698,872
1,046,192
1,993,724
53.379
3,093,295
94,488
3,187,783
68,731
18,774
3,675 30,692
26,305 24,063 . 35,754
129 10,988 29,897
45,208 . 38,726
33,029
3,380 27~572
24
6,000
188
366,803
333,510
270,850
971,163
150,890
56,069
64,384
4,434
263,019 112,754.119,043 66,843 58,628 l45,584 56,843 40,609 78,425
12,062
715 8,455 2,617 2)524 8,715
955 . 1,270 4,935
55r030
65
~ioo
128,946 53,790 67,589 53,877 23,163 85,482 36,651 14,549 38,208
1 ~7
.h553__ ______ ~I._____ Q.?g _________ ~1.o_____J~-2-------~48 ___ . --~~_g___ .__J,~.9~6_J,_,183.
F. R, Dank notes
All other resources
133,017
30,300
73,552
236·,869
Cleve.
55
5~ Redemption fund against
Uncollected i terns
Phila.
17,319 180~082 24,800
69,058 225,554. 31,027
86,377 4o5,636 55,827
176,64o 63f,891 159,303
9,480
8,405 7,643
272,497 1,051,932 222,773
7.990
18,742 4,132
280,487 1,070,674 226,905
11,670
10,385 4,571
warrants
~.
New York
55
48,106 123,939 l ,178,177
2,308
50,932
:26
~•·
...,
191
616,373
37,78~
~
?l..l
_____ s.?.3!L ____~---1~~
20,302
416,142 1,486,645 399,222 496,392 204,941 222,448 814,991 205,876 133,228 202,196 114,099 419,37} 5,115,55{
'l'
'1
St. 3529c.
Released for publication Friday morning, May 25, 192}j not earlier.
RESOURCES .AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MAY 2}, ]923.
·.;
Federal Reserve B2,Tlk
Cap:i tal pai. d in
Surplus
.Dap:> sits:
· Goverpment
Member hank - reserve account
Other deposits
Boston
8,066
16,312
New York Phila,
L I AB I L I T I E S
(In thousands of dollars)
Cleve. Rich. Atlanta Chicago St.Louis Minn.
29,169 9,762 12,040 5,720
59,800 18,749 23,495 11,2-S
4,415 15,014
8,942 30,393
4,933
9,665
Kans.Cy.Dallas San Fran.
3,561
7,473
4,596
9,488
4,197 7,805
7,496 -15,263
Total
109,278
218.369
572
875
873
376
362
158
455
27
148
907 1,024
5~ 1 6,33c 8
127,730 707,626 114,949 167,164 59,608 55,829 292,137 75.377 48,856 82,066 49,139 150,038 1,930,519
1,449
19,768 1,892 2,634 1,359
743 6,385 2,921 2,456 5,284
623 3,915
49,429
----------------------~----------------------~----~----------~~--~~------ b
129,751 728,269 ll7 ,714 170,174 61,329 56,730 298,977 78,325 51,460 88,257 50,786 154,5
1.986,28~
Total deposits
559,876 202,253 229,283 77,653 133,802 396,773 75.376 55,092 60,589 27,195 202,589 2,227,700
F. :R. notes in actual circulation 207,219
F. ,R. Bank notes in circulation -
net liability
Deferred availability items
All other liabilities
TOTAL LIABILITIES
Batio of total reserves to deposit
and F. R. note liabilities
·combined, per cent
Contingent liability ~n bills
purchased for foreign
correspondents
1,653
529
733
391
54,011 105,667 49,497 59,884 48,102 17,622 71,508 36,597 14,510 37,646 22,117 37,489
554,650
783
3,864 1,247 1,516
849
937 1,792
980 1,132
887 1,917 1,719
17,623
416,1421,486,645 399,222 496,392 204,941 222,448 814,991205,876133,228 202,196114,099 419,37? 5,115,551
q
83.2
70.9
2,152
7,848
74.4
2,468
3,099
56.8
1,492
68.4
1,176
81.5
3,988
69.4
1,263
68.6
976
50.8
1,234
47.6
68.3
1,033
2,037
1
75.6
28,766
FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRaJLATION
224,577
17,358
notes in actual circulation 207,219
F. R. notes outstanding
)'. R. notes held by ban:ks
'F. R.
730,259 235,571 247,529 86,587138,665 447,504 94,859 58,972 68,820 30,661 243,234 2,6o7,238
170,383 33,318 18,246 8,934 4,863 50,731 19,483 3,880 8,231 3,466 4o,645
379,538
559,876 202,253 229,283 77,653 133,802 396,773 75,376 55,092 6o,589 27,195 202,589 2,227,7oo
DISTRIBUTION OF BILLS, U. S. CERTIFICATES OF INDEBTEDNESS AND MUNICIPAL WARRANTS BY IVIATURITlES
15 days
472,296
86,329
22,12?
Within
Dills discounted
Dills bought in open market
U. S. Certificates of indebtedness
Musicipal warrants
w...
16 to 30 days
58,737
65,035
2,151
60 days 61 to 90 days
83,542
46,941
83,348
27,444
./
31 to
~~'o
From 9l days
to 6 months
38,169
8,694
1 ,646
Over
6 months
Total
628
700,313
270,850
56,069
55
St. 3529d.
Released for publication Friday morning, May 25, 1923; not earlier ..
FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, MAY 23, 1923.
Federal Reserve Agent at
RESOURCES
Federal Reserve notes on hand
Federal Reserve notes outstanding
Collateral security for Federal
Resei"Te notes outstanding::
Gold and gold certificates
Gold redemption fund
Gold fund - F. R. Board
Eligible paper Amount required
E.'{cess a.'!lount held
TOTAL
LIABILITIES
_,-Net .. amount of Federal Reserve
,_; ~'f,n·~~J:s;received from Cornp~;~,~<tt:t-Q~ler of the Currency
. c;{;:~teral received from
Federal Reserve Bank:
Gold
Eligible paper
TOTAL
c.
•
http://fraser.stlouisfed.org/
#
Federal Reserve Bank of St. Louis
Boston New York Phila.
(In thousands of dollars)
Cleve. Rich. Atlanta Chicago St.Louis Minn.
Kans.Cy. Dallas
San Fran.
Total
87,950
224,577
313,340 44,600 31,700 30,030 79,673
730,259 235,571 247,529 86,587 138,665
108,500 25,940 10,947 27,563 19,394 56,400 841,037
447,504 94,859 58,972 68,820 30,661 243,234 2,607,238
25,300
13,34o
138,000
235,531 7,000 13,275
2,400
31,36o 14,914 12,937 3,123 4,919
371,000 137,389 185,000 31,795 83,000
11,880 13,052
6,461
314,899
16,225 3,.275 1,737 3,666 1,930 15,892 123,318
345,644 43, 500 32,000 23,36o . 4,000 155,819 1,555,507
J).l1~
47,937
92,368 76,268 36,317 51,669 48,346
85,635 36,2o4 12,183) 36,794 18,270 71,523
10,508 121,4~5 2,203 62,907 11,756 9,590
31,491 5~-~ 3.L.,4;.::00:_.:::.._.-=..:...:..:::...J...---=-:_.z.::::.:::..L.-__,.~L-.C;:.=+-.
547,6121,900,313 517,945 539,665 214-,96o 366,593 1,0}+,999 221,141 J.~ 173,603
312,527 1,048,599 280,171 279,229 116,617 218,338
556,004 120,799 69,919 96,383 50,055 299 ..634 3,448,275
J...;,P1
i
17o,64o 637,891 159 303 211;212 34,918 90,319 361,s69 53,655 46, 7'Zl/ 32,026
58,445 213,823 7r.,471 99,22L.§}.,425 57.936 117,126 41,687 ~ 4 1 4 8 66
_547 1 612 1,900,313 517~945 589,665 214,9o0 366,593 1,0}4,999 221,141 1~ l7Jy603 101,123 566,981
3~00.3
6,37~
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