The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Released for p u b l i c a t i o n F r i d a y m o r n i n g , May 27; not e a r l i e r . statrimt fob the press C0KDITIC1T OF FEDERAL RESERVE St.2000 F e d e r a l R e s e r v e *Bo-*rd May 26, 1921. BANKS- C o n t i n u e d g a i n s of g o l d , o f f s e t i n p a r t by l o s s e s of o t h e r c a s h r e s e r v e s , and f u r t h e r r e d u c t i o n s i n d e p o s i t and n o t e l i a b i l i t i e s a r e i n d i c a t e d b y t h e F e d e r a l R e s e r v e B o a r d ' s w e e k l y bank s t a t e m e n t i s s u e d a s a t c l o s e o f "business on May 25, 1921- The b a n k s ' r e s e r v e r a t i o shows a f u r t h e r r i s e f o r t h e week f r a n 5 6 - 8 t o 5 7 • 6 p e r c e n t . I t e d e r a l R e s e r v e bank h o l d i n g s of p a p e r s e c u r e d by U- S . Government o b l i g a t i o n s i n c r e a s e d by $ 1 9 , 1 0 0 , 0 0 0 , t h o s e o f o t h e r d i s c o u n t e d p a p e r £>y v>o, b 0 0 , 0 0 0 , and t h o s e of a c c e p t a n c e s p u r c h a s e d i n open m a r k e t by 400,000. Pittman 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 i c a t e s on hand, b e c a u s e of t h e r e d e m p t i o n by t h e T r e a s u r y of s p e c i a l c e r t i f i c a t e s h e l d by t h e R e s e r v e banks t o c o v e r a d v a n c e s t o t h e Government show a d e c l i n e of $ 8 2 , 1 0 0 , 0 0 0 . I n c o n s e q u e n c e o f t h e above c h a n g e s ililllllSHi! mrnsmm iiliiiSIt R e l e a s e d f o r p u b l i c a t i o n F r i d a y m o r n i n g , May 27, 1921; n o t e a r l i e r . St-2000a- RESOLTRCES AMD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n t h o u s a n d s of d o l l a r s ) R E S O U R C E Gold and gold c e r t i f i c a t e s Gold s e t t l e m e n t f u n d - F.Ft.Beard . .- . . . Gold w i t h f o r e i g n a g e n c i e s T o t a l gold h e l d by banks . . . . . . Gold w i t h F e d e r a l R e s e r v e Agents . . - . Gold r e d e n p t i an f u n d Total sold r e s e r v e s . . . Legal t e n d e r n o t e s , s i l v e r , i t c Total r e s e r v e s . . Bills discounted: S e c . by U. S, Government o b l i g a t i o n s All other B i l l s bought i n open m a r k e t T o t a l b i l l s on hand U. S . Government bonds U. S . V i c t o r y n o t e s - . . U. S. C e r t i f i c a t e s o f i n d e b t e d n e s s : One-year c e r t i f i c a t e s ( P i t t m a n Act) A11 0 tl%er Total earning a s s e t s . . . . . Bank p r e m i s e s 5$ Redemption f u n d a g a i n s t F . R. Bank n o t e s Uncollected items All other r e s o u r c e s . . TOTAL RESOURCES . . . . . . . L I A B I L I T I E S C a p i t a l p a i d in • Surplus Reserved f o r G o v ' t , f r a n c h i s e t a x Deposits: Government Member bank - r e s e r v e a c c o u n t . All other . . Total d e p o s i t s . . . . . . . . . . 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 F- R. Bank n o t e s i n c i r c u l a t i o n net l i a b i l i t y Deferred a v a i l a b i l i t y items . . . . All other l i a b i l i t i e s May 25, 1921 279,261 ' 474,952 May 18. 1921 May 28. 1920 167,135 325,391 454,105 424,452 i l l , 530 E, 55S, 232 779,496 1,458,619 140.791 2,378,906 170,228 2,549,134 703,117 1,112,040 137,946 1,953,103 139,393 2,092,496 793,951 1,076,305 87,138 1,957,394 25,574 23 774,869 1,067,684 81.667 1,924,220 25,924 23 1,071,469 4i8.6oo 2,938,031 26,794 69 233,375 46,754 2,263,120 259,3 75 20,156 3,244,425 23,396 234,875 128.936 2,313,973 23,192 11,174 510,175 13.663 5,379,76o 11,476 580,270 12.430 5,490,4go 746,077 6,812 6,ii4,34o 102,173 102,116 35, 271 34,014 754, 213 1,505, 229 m j o 5 2,392,947 165.285 202,036 202,036 17,323 15,632 1,665,517 35.493 1,716,642 2,767,415 1,655,609 33.024 1,705, 956 2,734,804 1,447,962 12,668 11,862 94,000 120,120 36,433 1,852,916 2L.QH 1,980,386 3,107,021 144,S3U 424,929 29. 757 5,379,760 29.487 5,490,480 179,185 561,244 72.384 6,li4,34o R a t i o 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 . . 57 -6% 56.8$ *42.7?•a R a t i o of gold r e s e r v e s t o F . R. n o t e s in c i r c u l a t i o n a f t e r s e t t i n g aside 35$ a g a i n s t d e p o s i t l i a b i l i t i e s . - 71 -7% 70 -4$ *47.; TOTAL LIABILITIES . . . . . . 147,766 491,004 • C a l c u l a t e d on b a s i s of n e t d e p o s i t s and F . R. n o t e s i n c i r c u l a t i o n . R e l e a s e d f o r p u b l i c a t i o n F r i d a y m o r n i n g , May 27. 1921; n o t e a r l i e r , RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE'BANKS A? CLOSE OF BUSINESS MAY 2 5 , 1 9 2 1 , St.2000b R E S O U R C E S ( I n t h o u s a n d s of d ollars.) F e d e r a l R e s e r v e Bank of B o s t o n New York P h i l a . C l e v e l . R i c h m . A t l a n t a C h i c a g o S t . L o u i s Minn . K a n s . C y . D a l l a s San F r on, Total Gold a n d g o l d c e r t i f i c a t e s 7,74g 197,22s l ,843 5,569 2,624 4,286 19 609 2,703 8,260 1,951 8 , 7 3 . 13,413 279.26l G o l d s e t t l e m e n t f u n d - F, R» B o a r d 38.085 *&lQa__5Ii30?. .33,904 22.110 IQ.PhR 1 U , p I 8,000 32.389 2.022 31.794 474.952 T o t a l g o l d h e l d by banks 45,834 262,337 53,75p 89,773 25.-734 15,151 134,320 114.056 6 , 7 5 9 16,260 34,340 10,743 50,21 754,213 Gold w i t h Ft R, A g e n t s 177,759 4 I I , 2 S 4 112,314 1 9 4 , 5 9 9 34,981 72,328 233,008 6 7 , 1 9 8 21,802 33,215 13,97S 131,863 1 , 5 05,229 Gold r e d e m p t i o n f u n d 2.242 3 L 0 0 0 - L 5 I 6 . 5,44-7 11.974 5.122 16.575 _L.9_IL 3,069 4,524 5.790 -11UL149__ — U 1^Q5 Total gold reserves 245,535 709,621 173,640 259,519 7lf6S9 92^601 334*503 87,934 41,131 72,139 30,511 193,224 2 , 3 9 2,947 Legal tender n o t e s , s i l v e r , e t c . 1L.555 3.0x3.22 3 >755 4,650- 4.302 6.198 13.302 11,29s 791 . M Z Z 6,399 _ 2 , 4 I 5 _ _ I i 5 _,^. Total reserves 263,390 800,544 1 77.395 294,469 75,991 98, 799 3 9 ^ 6 0 5 99 t £32 41,922 75,26b 36,910 195,709 2,558,232 B i l l s discounted: (a) • S e c u r e d by U # S * Gov 1 1 o b l i g a t i o n s 42,020 2dS,370 110,731 47,015 \ 39,080 47,685 112,004 / , 0 5 s 2 4 , 9 7 9 11,296 53,447 793,951 All other 53,804 24Q,132 34,245 7 9 , a 3 69,397 60,570 199,803 44,721 b l , S79 57,919 53,408 112,214 1 , 0 76,305 B i l l s bought- i n o p e n m a r k e t .12,555 44,84s 8.908 6,755 1.989 936 3.996 - l x 5 ! 5 _ 25 171 L44O_ 57.138 T o t a l b i l l s on h a n d 102,379 562,350 153,884 132,953 110,466 109,191 315,803 77,502 67,937' 82,92.3 6 4 , 8 7 5 1 7 1 , 1 0 1 1,957,394 U , S, Government b o n d s 550 1,005 1,434 833 1,233 . 911 4,490 1,153 • 116 s, s 66 3,575 1,008 25,574 U* S , V i c t o r y n o t e s ~ ~ 10 ~ ^ 5 l 4 23 U y Sv C e r t i f i c a t e s of i n d e b t e d n e s s : One y e a r c e r t i f i c a t e s ( P i t t m a n A c t ) 18,936 55,276 26,750 a , 799 11,760 15,564 36,11; 13,068 8,480 10,320 4,4oo 1 0 , 5 2 0 233,375 All other 6l 4 44.5og 1.151 30 145 U, -ZL 21 H I ^6x154 Total earning a s s e t s 125,484 653,199 183,249 155,655 123,46o" 125,670 356,550 91,736 76,610 102,243 73,254 153,010 ,263,120 Bank p r & c i s e s 3,446 527 2,043 1,903 742 3,586 627 599 2,446 1,539 549 23,396 5/^ R e d e m p t i o n f u n d a g a i n s t F,R»Bk nets s 772 2,059 1,300 1,239 601 621 1,Q6C 523 27s 916 361 544 11,174 Uncollected items 42,664 115,346 45,565 48,43-5 4o,991 18,690 61.134 27,631 14 , 298 * 8 . 8 8 3 22,164 34,374 510,175 All other resources 568 3.448 621 527 492 664 2,298 638 2C'S .513, l.lo2 2,204 .1X662 TOTAL RESOURCES 439,324 1,589,655 408,657 502,668 243,43s 245,186 824,133 220,387^133,915 220,287 135,*690 4i6]396^5379^60 (a) Includes b i l l s discounted for o t h e r F* R* B a n k s , v i z . : 3,542 25,347 1,075 29,964 • R e l e a s e d . f o r p u b l i c a t i o n E r i d a y m o r n i n g , May 27, 1921; n o t e a r l i e r . RESOURCES AND LIABILITIES OF THE FKDERAL RESERVE BANKS AT CLOSE OF BUSINESS MAY ( i n t h o u s a n d s of d o l l a r s ) L I A B I L I T I E S F e d e r a l Reserve Bank Boston New York Phi l a . C l e v e l . Richm, A t l a n t a Chicago S t - L o u i s Capital paid in 7,294 26,857 8,615 11,046 5,395 4,082 14,229 4,499 Surplus 15,711 56,4I4 17,010 2 0 , 3 0 5 10,561 8,343 28,980 8,346 Reserved f o r Govt, f r a n c h i s e tax 1,938 1 U,g44 2,193 1,026 1,321 2,221 6,756 609 Deposits: Government 1,195 471 635 2,064 642 1,567 1,323 1,84s Member bank - r e s e r v e a c c o u n t 107,44-2 6 5 3 , 6 4 1 95,328 135,579' 54,226 44,230 239,^07 62,538 All other jy3 16J03 1,069 J69 4/4 341 2.324 694 . „ Total deposits 109,4l0 670,415 97,092 13S,4ie 55,3^2 46,138"2437054 65,080 E. 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 254,485 707,350 228,229 266,951 127,109 1 5 7 , 7 9 456,7® 105,819 E. R, Bank n o t e s i n c i r c u l a t i o n net l i a b i l i t y 12, 289 24,301 11,970 18,334 6,644 11,782 21,469 6,897 Deferred a v a i l a b i l i t y items 35,976 82,163 4i,795 43,524 35,690 13,858 Us,536 All other l i a b i l i t i e s . 1,696 r 1 ^ 2 1r l ^ L . W76 4 TOTAL LIABILITIES 3 9 , 3 2 4 1,589,085 408,657 502, be8 243,438 245,186 824,133 220,3 87 H E M 0 R A IT D A R a t i o 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 o i l i t i e s cfiEribined, p e r cent 72.4 58.1 54.5 72.6 41.7 48.4 58.1 57. C o n t i n g e n t l i a b i l i t y a s e n d o r s e r on d i s c o u n t e d paper r e d i s c o u n t e d w i t h other T?, Banks 15,000 C o n t i n g e n t l i a b i l i t y on b i l l s p u r c h a s e d for foreign correspondents 2J36 12,077 3t .2000c, 25, 1921 'iinn Kans-Cy 3,531 6,980 1,165 4,497 9,159 1,293 Dallas 4,211 6,033 - 7,287 14,194 1,805 Total 102,173 202,036 35, 271 1,653 1,209 3,122 17,323 1,59% 38,808 70,403 45,339 108,608 1,655,609 8.767 33,024 520_ _Jj64 — 426 . „ , y „ ™72,620" 46,974 120,497 1,705,956 4o,922 61,769 23,44? 50,144 234,395 2, 734, go4 7,675 144,834 6,310 12,084 5,079 11,903 35,593 21,160 27,320 424,929 . 1,335 l. 594 2,089 A l l I _ 29,757 133,915 220,287 135,690 416,390 5,379,760 4o.8 48.2 10,347 2,560 2,624 864 l , ">36 1,568 1,152 3,808 1,504 FEDERAL RESERVE NOTES OUTSTAYING AMD IN ACTUAL CIRCULATION 38.0 55-1 57 . s 4,617 832 F . B." n o t e s o u t s t a n d i n g 7- R, n o t e s h s l d by banlcs H, n o t e s i n a c t rial c i r c u l a t i o n 270,616 16,131 254,485 Bills discounted B i l l s "bought i n open m a r k e t S , C e r t i f i c a t e s of i n d e b t e d n e s s DISTRIBUTION' OF BILLS AND U . S . CERTIFICATES OE I INDEBTEDNESS BY MATURITIES W i t h i n 15 days l 6 t o 30 d a y s 31 to 60 days Over 90 days 6 l t o 90 d a y s 1,102, 808 188,-45 322,907 179,564 70,132 56,289 16,4os 12,148 2,293 36,607 4, 769 9,227 2b,197 203,329 San Eran, 29,9^4 1,472 32,333 855,937 244,182 292,336 133,226 165,811 497,243 129,601 64,293 93,552 53 , 73 5 290 , 587 3.091,119 148,587 15.953 25,385 6.117 8,028 40,450 23,752 2,524 10,105 3,591 w-.v-v 356.315 y ™ 55,692 707,350 228,229 26^,951 127,109 157,783 456,793' 105, 8%' 61,769 * Sj^Wf 50^144 234,895 2,734,80? Total 1,870,256 87,138 280,129 R e l e a s e d for p u b l i c a t i o n Friday morning, Hay 27, 1921; not e a r l i e r . S t . 2000d, FEDERAL RFSHtVE AGENTS' ACCOUNTS AT CLOSF OF BUSINESS MAY 25, 1921. ( I n t h o u s a n d s of d o l l a r s ) Federal Reserve Agent at Boston Federal Reserve n o t e s on hand 93,130 Federal Reserve n o t e s o u t s t a n d i n g 270,616 C o l l a t e r a l s e c u r i t y for Federal Reserve n o t e s o u t s t a n d i n g : Gold and gold c e r t i f i c a t e s 5,600 Gold redemption fund 22,159 Gold s e t t l e m e n t fund-F.R,Board 150,000 E l i g i b l e paper: Amount required 92,857 E x c e s s anount held 15,522 total &ew York Phi l a . C l e v o l , Richm. A t l a n t a Chicago St*Louis 165,700 29,480 268,000 2 1 , 4 2 0 Ul,5b0 2 3 , 9 0 9 71,137 255,937 244,182 292,336 133,226 165,811 497,24.3 129,601 286,925 23,359 101,000 23,775 3,500 13,925 15,824 3 , 4 8 1 4,828 9 8 , 3 8 9 155,000 31,500 64,000 . 444,653 131,268 97,737 98,245 93 , 483 84,960 2,302 34,794 9,827 15,684 16,264 217,644 6,110 2,857 58,231 Minn- Kans.Cy. 12,360 4,720 64,293 93,552 13,052 - 2,550 2 , 8 5 5 6,200 30,360 D a l l a s San F r a n . Total 28.702 3 4 , 5 4 0 794,718 53,73 5 290,587 3 , 0 9 1 , 1 1 9 4,SSI 3,253 343,853 15,469 127,424 5,234 116,394 1,033,952 ,403 42,491 60,337 39,757 152,724 1,585,290 52,425 14,99! 24,356 22,536 24,770 10,733 3i$,906 263,335 649,554 2, 064, s4o 512,086 6b 1,026 300,188 418, 443 1,212,611 303,673 165,302 214, 420 160,942 626,447 7,289,862 L I A B I L I T I E S Net amount of Federal Eessrve n e t s s r e c e i v e d from Compt r o l l e r of the Currency 3-3,?4U 1,123,937 265,602 333,296 157,135 236,948 662,943 159,021 76,653 98,332 C o l l a t e r a l r e c e i v e d fran Federal Beserve Bank: Gold E l i g i b l e paper 177,759 108,375 411,284 112,314 194,500 34,981 72,„J) 28 529,619 134,170 132,531 102,072 109,167 233,902 67,192 1,802 315,760 77,394 6 6 , 8 4 ? 3 3 , 2 1 5 13,972 131,263 1,505, 82,873 .64,5, 7 1 6 1 437 1 , 2 9 8 , 7 9 6 TOTAL 82,437 325,127 3,885,837 649,884 2,064,840.512,086 661,026 300,188 4i8,443 1,212,611 303,673 lc-%302 2i4,420 160,9kg 626,44? 7,$89,862
@FedFRASER