The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
,
'~.'
~-.. .'..!!'.~"·· ~··: ·':·.~~
'
'
~leased
St. 4082
Federal Reserve Boar4,
for publicaticn
Fridey morning, May 30;
not earlier.
Ma1 29, 1924.
CONDITION OF FEDERAL RESERVE BANKS
The consolidated statement of conditicn of the Federal r:s;~e ~ °~~b.
made public by the Fed.eral Reserve Board, shows an increase ? ._,., 7 • 00
$
000
assets durmg the week, holdings of discounted bills having mcrea.sed.
Vlli,O~~ra!,
•
•
holdings of bills bought in open market by $31,100,000, and holdings 0
ment securities bf $8,6oo,ooo. Federal reserve note circulation increased by
$4,700,000 and total deposits by $12,100,000, while cash reserves declined by
$25,700,000.
r
The Federal Reserve Bank of Cleveland reports the larges~ increase,, $S,.700.000,
in holdings of bills discounted.. An increase of $4,300,000 is reported by New York,
Of ~4 100 000 b·v Boston
Atlanta.
"" •
'
"
• and of $3 , 200 , 000 by Chicago, \\bile Richmond
. . and banks
h re~
port decreases of $4,000,000 and .$5,000,000 respectiveq. The rema1n1ng
s ow ..
relatively small changes in their holdings. Paper secured l:V U. S.. Gov$ernnent OblJ.w
tions increased by $14,900,000 to $164,660,000. Of the latter amount 11 6,800,000
was secured by Liberty ani other u. s. bond.s, $43,900,000 by Treasury notes, and.
$3,900,000 by Treasury certificates.
-
The .Federal Reser'le Bank of New York reports an increase of $3~,100 ooo in ac- ·
ceptances purchased in open market and the Boston bank an increase ot $4bo,cooh. All
of the other reserve banks rep?rt reductions in their holdings, amounting 1rt. t e
aggregate to $l.i-,4oo,ooo. Hold1ngs of Tr~a.S,;uoy notes and. of certificates o:r lndebtedness increased ~ $4,000,000 and $b, 700,000 respectively, while holdings of
U. S. bonds declined by $2.100,000.
·
·
Increases in Federal reserve note circulation of $8,300,000 at the Philadelphia
bank, of $5,700,000 at Cleveland and of $2,200,000 at Boston were partly offset UY decreases at the remaining reserve banks, amounting to $11,500,000. The largest decrease in Federal reserve note circulation, $4,jOO,OOO, was reported. by the Chicago
bank.
Gold reserves declined by $20,400,000 during the Yoeek, decreases of
$30,000,000 at the New York bank, of $lo,6oo,oco at the Chicago bank, am ot an aggregate of $4,700,000 at three other banks bemg offset in part by increases totaling
$25,000,000 at the seven remaining banks. Reserves other than gold and ncn-reserve
cash declined by $5,400,000 and $4,900~000 respectively.
A summar,y of changes in the principal assets and liabilities of the reserve
banks during the week and the year ending May 28, 1924, follows:
Increase or decrease during
Total reserves • • •
Gold reserves • ,
. . .. .. . .
.•
Week
....
Total earning assets • • • .
• •
Bills discounted, total • • • • • • • • •••
Secured by U. s. Govern~t obligations • •
Other bills discOUnted . • • . . . • . . . •
Bills bought in open market
.
u. s.
.. .
.....
Government securities, total • • . . . •
Bonde • • • • • • • • • • • • • • • • • • •
Treasury notes • • • • • • • • •
Certificates of indebted.nes.s • •
Federal Reserve.not~s ~ ~irc~~tio~
...
: .
Total deposits • • • • • • • • • • • • • • • • •
~ mbers ' reserve deposits
.
• • • . • • . • • •
Govemment deposits • • • . . . . • . • . . •
Other deposits·. • • • . • • . . • . • .
c.
-$25,700,000
- 20,400,000
+ 54~700,000
+ 15 J 000 ,000
+ 15,000,000
Year
+ $18,800,000
+ 9,100,CCO
- 328,000,000
- 301,400,000
- 207,000,000
- 94,4co,oco
+
+
+
+
31,100,000
2,100,COO
4,000,000
6,700,000
- 171,100,000
+ 144,000,000
9,600,000
+ 120, 700,COO
+ 32,900,000
+
+
...
+
-
4, 700,000
12,100,000
5,200,000
21,300,000
4,000,000
- 359,100,000
+ 45,900,000
+ 62 f 000, cx. c
1,000, ·:j~
- 15,100, _::-. 0
s,6oo,oco
Released for publication Friday morning. May
RESO\..~iCi:S
30, 1924;
St.4o82a
not earlier.
AND LIABILI'l'IES
OF THE T\\ELVE FEDERAL RESERVE BA.""JJ{S OOMBINED
(In thousands of dollars)
RESOURCES
Gold with Federal reserve agents • • • •
Gold reden:ption fund with u., S. Treasury
Gold held exc.lusively against F.D . . l.'lotes
Gold settlement fund with J!'.R. Eo<:.:~J • •
Gold and @old c.ertificates held by banks
Total gold reserves
Reserves other than gold • • •
..
Total reserves • • • •
Non-reserve cash • • • • . • . .
. ••
Bills di sc.ount ed:
Sec. by U.S. Government obligations
Other bills disc.ounted •.
_!otal bills disc.ounted .
Bills bought in open market
.
U. S, Government securities:
..
. ..
'Bonds • • • • • • • • • • • •
• •
Treasury notes • • • • • • • • . • •
Certificates of indebtedness . • • •
Total U. S. GovermH:mt~ri t~ •
All other earning assets • • . . . ,
Total earning assets • • . . . . .
5% Redemption fund - F. R. Bank notes •
Unr.ollected items •
• • • . . . • •
Bank premises • • . • • .
All o.ther reso~ces •.•••
...
TOTAL BESOURCES • • • .
L I AB I L I T I E S
F. R. notes in ootual circulation • • •
F. B. Bank notes in circulation - net •
Deposits:
·Member bank- reserve aocount • • • •
Government • • • . . .
. . • •
Other deposits • • , • • • • , • • •
To tal deposits
28, 1924
2,103,863
46,465
2,150,325
lt r·,'.59 ...,,._...;vt
373,473
3,117,813
96,461
3,214,274
46,238
May
• • • • • . • •
Deferred availability iterr1s •
Capital paid in . • • • • •.
Surplus . . .
. . .
. . .
All other liabilities • • • •
TOTAL LIABILITIES •
.. . ..
... ..
.
.. ' . ..
..
21, 1924 Ma.v 29 , __l9.g1
2,011,734
2,113,34o
53,545
36,216
2,065,279
2,149 556
702,308
595,676
~1,175
392,934
3,103,762
3,138,166
86,735
101,819
3,195,497
3,239,985
61,245
51,135
May
f
164,566
265,034
429,600
86,760
149,669
264,946
414,615
55,692
311,533
359,462
730,995
257,818
17,4o9
245,722
70,151
333,282
551
850,193
28
531,954
57,139
19,522
241,688
63,431
324,641
551
---795,499
28
593 J 587
'i;725,033
4,766,481
26,952
125,059
37,277
189,288
55
1,178,156
191
572.394
51,164
14,734
5,073,381
1,891,147
317
1,886,429
322
2,250,217
1, 752
1,936,074
4o,384
20,982
1.997 ,44o488,715
111,493
220,915
15,006
4, 725,033
1,941,285
19,053
24,996
1,985,334
547,313
lll .378
220,915
14,790
4,766,481
,874,106
41,439
36,041
1, 951,586
524,323
109.348
218,369
17,786
5,073.381
~5.207
'2564,612
,Soo
Ratio of total reserves to deposit and
F. R. note liabilities Combined • • •
82,71o
83.7%
<hntingent liability on bills purehased
for foreign ~orrespondents • • • • •
39,857
39.910
w.
l
76.1%
Released for publir.ation Friday morning, May 30. 1924; not earlier.
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE 'BANKS AS AT CIDSE OF 'B(jSINESS, MAY 28, 1924.
RESOURCES
(In thousands of dollars)
'Boston New York Phil a.. Cleve. Rich. .Atlanta Chicago St.Louis Minn. Kans. Cy.
Federal Reserve 'Bank of
204,067 635.429 186,003 200 t 771 39,002 115,397 279,995 63,814 51,770 57,237
Gold with Federal Reserve Agents
5,177 10,764 1,103 3.565 2,915 6,361 3,190 1,510 2,590
Gold redemption fund w1 th 0., s. Treas. 4,428
Gold held exc-lusivell ~nst
64o,6o6 196,767 201,874 42,567 115,312 286,356 67,004 59,280 59,827
208~495
F. R. notes
Gold settlanent fund with F.R.'Board 59,673 150,667 34,584 85,391 35,743 14,516 109;749 20,702 9,874 33,661
Gold and gold r.ertif. held by banks 19,053 172,235 }2,lo6 18,085 7,383 7,477 58,o67 8,147 9,623 3,896
·287,221 963.508 263,457 305,350 85,693 14o,305 454,172 95,853 78.777 97.384
Total ~ld reserves
21,860 3,411 4,522 4,833 11,558 10,997 13,080 1,333 4,446
10,018
Reserves other than gold
297,239 985,3b8 266,868 309,872 90,526 151,863 465,169 108,933 80,110 lCl ,530
'Jotal reserves
916 2, 729
9,699 1,813 2,557 2,550 5.053 7,265 3,tU6
Non-reserve cash
3.565
:Bills dist\ounted:
44,424 22,924 28,663 12,822 6,487 17,570 7,182 1,098 2,04o
Sec. by u. S, Govt. obligations
11,~
s,
15,438 10,267 21,357 37,211 33,694 37,072 19,737 15,176 22,365
Other bills discounted
20,381
59,362 33,191 50,020. 50,033 4o,181 54,642 26,919 16,274 24,4o5
Total bills disc-~unted
41,504 4,014 7,556 1,447- 4,134 9,185 2,548 1,732 1,461
5,281
:Bills bought in open market
V. s. Gover~ent seourities:
1,202
6,218
916 1,191
71 4,426
542
549
Bonds
50S
25,886
20,}67
29,172
2,962
55,823
35,434. 5,136 10,707 15,097
treasury notes
.llk> 11,512 1,830 4,458 4,692
5,868
18,905 3,071 8,754
972
Certificates of indebtedness
211 51,372 6,966 21,383 20,297
26,777
75,930 29,506 38,842 5,125
~tal u. s. Govt. securities
551
All other earning assets
52,439 177,296 67,262 96,418 56,605 44,526 115,199 36,433 39,389 46,163
Total earning assets
~demptian fund - F.R.Bank notes
U llec.ted i tans
. premises
resourr.es
All··. pther
'IDTAL
(
-
--
Dallas $an Fran. Total
37.751 226,627 2,103,863
1,305 3.557
46,465
39,056
8,205
6,966
54,227
6,930
61,157
3,051
230,184 2,150,328
31,242
594,007
30,44o
373,478
291,866 3,117,813
96,461
3.473
295,339 3,214,274
3,224
46,238
1,714 8,005
13,081 30,892
14,795 38,897
2,450 5.~. ...
164,566
265,034
429,600
'86, 760
1,1150
6
17,142 27,996
3,531 6,363
22,503 34,370
17,409
245.722
70,151
333,282
. 551
850,193
28
531,954 .
57,139
25,207
39.748 78,715
28
117,689 50.596 55,272 46,166 22,544 67,o41 30,088 11,185 29,674 19,617 34,942
15,159 1,112 9,117 2,528 2,720 8,264 1,887 2,699 4,595 1,912 2,834•
220 5,637 1,120 4,54o 4,132
6,245
4oo 1,676
34o
363
433
4o4,196 1,311,456 388,014 473,576 198,775 228,382 663,371 181,377 139,936 186,111 130,053 419,186 4,725,033
RESOURCES
w~
-----
47,14o
4,312
101
St.4o82b
;
-
-~~-
-
-~---------
------- --
-··-
---------
~.-~~-
,j
•
Released for publi(".ation Friday morning, Mav
}0,
1924; not earlier.
St.4os2c
BESOURCES AND LIABILITIES OF THE FEDERAL RESERVE DANKs
AT CLOSE OF :BUSINESS. MAY 23, 1924.
LIABILITIES
(In thousands of dollars)
Fecleral Reserve Dank of
:Boston New York Phila. Cleve.
Ri.c.h. Atlanta Cbit'ago St. Louis Minn. Kans. Cy. Dallas San Fran.
Total
·I'.R. notes in actual circulation
20J,44o 342,248 194,66o 220,489 73,876 139,254 271,198 64,537 69,562 63,096 42,532 206,255 1,891,147
J'.l.. Dank notes in circulation - net
317
317
· J)eposits:
Member bank - reserve act'Ount
126,545 756,558 113,191 162,583 59.923 53.417 279,635 69,016 45,177 75,949 49,421 144,659 1,936,074
O.venunent
4o,384
3,670
6,752 3,218 3,125 3.830 3,484 ,,622 2,495 1,296 2,470 2,812 3,610
Other deposits
151
12,J69
225
894
119
146 1,173
476
267
299
187 4,676
20,982
----~----~~--~~--~~--~--~----~--~~----~--~~~~--~~--~-----~~----Total d epo sits
.130 ,}66 775,679 116,6}4 166,6o2 63,872 57 ,o47 284,430 71,987 46,74o 78.718 52,420 152,945 1, 997, 4l.Jo
l>elerred avai1abili ty i tans
46,217 101,443 45,933 48,764 42,411 16,952 6o,490 28,973 11,419 29,~ 21,346 35,121
458,715
Capital paid in
4.166
s.o26
111,493
7,974
29,959
10,199
12,645
5,838
4,582
15,191
5,073
3,422
4,418
Surplus
16,390
59,929 19,927 23,691 11,672 8,950 30,426 10,072 7,434 9,496 7.577 15,301
220,915
All other liabilities
4o9
2,198
661 1,385 1,106 1,597 1,636
735 1,309
737 1,695 1,538
15,0o6
10TAL LIAEILITIES
· Ba.tio of total reserves to deposit
and F. R. note liabilities
eombined, per cent
COntingent liability on bills
purchased for foreign
eorrespondents
f.. B. notes outstanding
1'. R. notes held by banks
F. R. notes in actual circulation
4o4, 796 1.311,456 388,014 473,576 198,775 228.382 663,371 181,377 139,936 1!6,111 1,30,053 419,186 4, 725,033
89.0
80.1
11,557
3,872
17.4
4,670
2,275
79.8
1, 756
5,947
1,956
68.9
71.3
1,437
1,836
52.7
82,.2
1,517
3,034
39,857
FEDERAL RESERVE NOTES OUTSTANDHlG AND IN AC'IUAL CIRCXJLATION
221,654 641,950 216,051 242,114 82,396 150,729 293,844 76,973 72,111 76.,301 53,133 249,4.52 2,376,708
18,214 299,702 21,391 21,625 8,520 11,475 22,646 12,436 2,549 13,205 10,601 43,197
485,561
----------------~----~~----~--203,440 342,248 194,660 220,489 73,876 139,254 271,198 64,537 69,562 63,096 42,532 206,255 1,891,147
DISTRIBUTION OF BILLS, U. S. CERTIFICATES OlF INDEBTEDNESS AND MUNICIPAL WARRANTS BY MATURITIES
Dills discounted
Bills bought in open market
-U. S. Certificates
.
;Municipal warrants
of indebtedness
Digitized (.
for FRASER
Within 15 days
234,773
66,995
16 to 30 days
42.4oO
8,349
21,116
31 to .60 days
66,669
8,635
51
61 to 90 days
42,688
2,274
!~06 ;;n~~~s
Over 6 months
4o,o49
504
3,0~1
Total
429,6oo
86,760
70,151
51
Released for publication hiday morning, ~
30, 1924;
not earlier•
•
FEDERAL BESERVE .AGENTS' ACCOUNTS .AT CLOSE OF BUSINESS, MAY 2!..
1924.
(In thousands of dollars)
Federal Reserve Agent at
Boston
New York Phila.
Cleve.
Rir.h.
Atlanta Chic-.ago St.Louis
Minn.
Kans. Cy. Dallas San F.ran. Total
RESOURCES
Feoeral Reserve notes on hano
Federal Reserve notes outstanding
- ·Collateral se~urity for Federal
Reserve notes outstanding:
Gold and gold certifi~ates
Gold redemption fund
Gold fund - F. R. Eoard
Eligible paper .Amount required
Excess amount held
TOTAL
[.
101,700
221,654
255,060 46, 76o 58,470 41,005 74,447 209,220 26,100 2}, no 27,893 21,247 75,260 960,g92
641,950 216,051 242,114 82,}96 150,729 293,844 76,973 72,111 76,301 53,133 249,452 2,376,708
35,300
15,767
153,000
335,864
1},816
2,~0
238,531 14,000 8,780
9,985 13,052
}0,898 1},114 1},991 2,707 3.997 6,}51 3.329 1,718 },877 },435 13,988 113,172
366,000 158,889 178,000 36,295 109,000 273,644 50,500 43,000 53.36o 20,500 212,639 1,654,827
6,521 30,048 41,343 43,394 35.332 13a849 13,159 14,341 19,064 15,382 22,825 272,845
86,165
681 15,482 7,645 8,491 49,455 14,981 3,204 6,479 2,213 19.744 222,615
17,587
8,075
553,083 1,625,125 479,543 558,180 213,442 384,396 846,363 195,027 171;156 186,974 129t726 593,908 5,936~923
LIABILil'IES
r
r
t~.
t
Net amount of Federal Reserve notes
received from Corr~troller
c,f the Currenr.y
Collateral received from
Federal reserve bank:
Gold
Eligible paper
TOTAL
.
897,010 262.811 300,584 123,401 225.176 503,064103,073 95.841 104,194 74,380 324,712 3.337,600
204,067
25,662
635.429 186,003 200,771 39,002 115,397 279.995 63,814 57,770 57,237 37,751 226,627 2,103,863
92,686 30,729 56,825 51,039 43,823 63,304 28,14o 17,545 25,543 17,595 42,569 495,460
553,083 1,625,125 479,543 558,180 213,442 384,396 846,363 195,027 171,156 186,974 129,726 593,908 5,936,923
~-
..
Digitized for..FRASER
-·----
@FedFRASER