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STATEMENT FOR THE PRESS St.3152 Federal Reserve Board Nov. 9, 1922. Released, for publication Friday morning, Nov. 10; not earlier. C O N D I T I O N F o f $ 2 a G o v e r n m m e n t d e w e e k $ c e r e n t i s s u l i n 3 0 r t h i n , 0 0 0 , 0 0 0 e s e e d d b y e f o r e . , 8 0 0 , 0 0 , a r 0 1 , 6 0 0 , 0 0 0 , a c c e p t a s e c u r I n t h e d a n d r e a n d . o h Y H e e k p e r c e n o t , b 2 , h A $ n c e s , c l o s 0 , 0 0 e r a l d 5 2 , 0 s a r e e p b t h c s s r v r e s e r v . 4 p l a e n e s d 3 0 t h e t o t a l e a t o i n c r e a s e s o i n p a r t s h t e r b e s r n d o t a G e o f r e s l p e i a e b e C h w i t h l s r v e g s r e o f 2 7 1 , 5 0 w e r e p a p 0 , 0 p c l i n e d o T o t a D T F r e l e i s c o t o r b y S e c u O t h n g 3 a 6 r e d u g a n 0 c r e d d o f s t h r o u s c s e t i o T h e a s e s i t i o s e c u v o n g h l a r i z . , f $ tc s n b t s r e d S B o n d s P i t t m O t h l d e n o t e s , $ 1 2 0 , 8 0 p e r c e n t , - b y 0 0 f 0 0 , 0 0 c h g e s 8 t a o s O t h e e r a l B R a y l s p U s n a n , , 1 0 t y 7 , 6 i n 1 9 2 2 , e s t s . S o t f t h f o i n s f a s m o g a i n 3 , 100,000 r d D g a $ 1 a t h ' s e p w o l l e e r e e k r h s t s i t t o r e d l y l t a b r e c t i o i s l i t t h c r e s e n s i n l s i n T h e u b a n k i a a n d , $ 5 0 0 , 0 0 0 . e d $ s y s t e m i s c o 1 5 1 , 4 a n d 0 0 t h e a s , 0 T 0 0 0 0 o 0 0 c r e a s e d o b e n t o f r 0 U . 0 . 2 c e r a n d $ 4 , 3 0 r i n c i p p a r e d w a l a s i t h s a o r u n 0 , 0 t o , G f u l d h t s a v e a n d 0 a t h e e s 0 i n n l , 0 c e n 0 0 e s e t s e e k a n d a I n c r e a s e o v . a n d t a l t a i e a a t e s n t h e s e d r v e r a i n c r e o f $ 8 a G o v e r n m u n 7 s e d b y b y t i o , 0 0 0 , 0 0 0 e n t n t e d e n t o . . . b l i g . . a c t e u r i t i e s , t o t a l . n s . . . . . .......................................................... s . r y a c t e e r s a t e s r v p s o e p o s i t s . n s d o i t s e e . t e i n i t s ............................................................................................. . ............................................... . ............................................................................................ s c i n i r c c u l a i r c t i o u l a n , t i o n n e t 2 , 7 0 r l d $ , $ 4 , 7 0 - m 1 . 1 9 2 2 c t i v e l y 7 0 0 , 0 0 0 . 0 r t e b i l y e e x n s 0 i n , 0 , 0 T d i t e 1 7 0 0 0 w t h e i e s o ot. o c r e 0 0 , d s i n c e o r e 2 ■f + 0 5 2 + 2 8 . 2 r r 5 . 6 p e r n o s a n d b e f o r e . r 1 r y 6 i t h e e k f t h e f o l l o r e s e w e c r e a l l a r r v e s : s e s N o v * 9 . 2 + 1 9 2 1 5 0 . 5 2 6 4 . 5 3 - 1 5 6 0 1 5 . 7 5 . 6 3 . 3 . 0 + 1 6 + 1 2 0 . 9 + 1 5 4 . 7 — 1 0 4 . 0 7 0 . 2 * 7 - 5 7 - 9 5 1 . 6 3 5 - 6 9 + t e t h e 2 - - y F o u r - 3 ............................................... . o S — - s . 8 1 3 - e 3 _ l i a i l i t . 6 r v c i s c o f o , 3 6 . 9 . + - b . 7 s e s e 0 D f a , 0 o w ago, r . r e a s u p a r e d o i l l i o r a n p l d f o o s t o n F s o f l y B S a n a n 0 i e e g , 0 b y c o m p 0 h t h i n e , c f b y d 9 s h o w I n 2 - 3 ...................................................................... ............................................... $ l i a - . .................................................................................................................... t i f i c 0 t s o + t i o . e $ 1 e s . 5 ........................................................................................................ o v e r n m u 0 e e e k w f t , w w l l o r v , 0 , r e e 0 s h a c c o s o b o n d s , t e f o t a a d r r t i o e r n , 9 , 8 0 ........................................................................................................................................................... e t i f i c e t e 0 0 r v t o p o a b o u t t i f i c ............................................................................................................................................................................ e 0 e S . 4 t g $ s l i g r 0 e n f o , 0 b y r y 0 s e 0 t h e r e e a n d l d e a 0 o t h , c r e , 0 g m t h 2 2 , 4 0 O r e a s u , 0 p c o m i n i r t t l e i n .......................................................................................................................................... ; i s c o s n s o e d s d o s i l l s e s e r v a n k o u ................................................................................................................................................................. i t s e n t R , i l l s < t e r e o v e r n m e d a o B t h e .................................................................................................................... ........... r e a s u G d b c T b e r s ' e r s s b a n p s h o w i n s e $ o v e r n m y e a n d e r , a n d 1 9 2 2 . o n o n e t i n . 6 r s e i b b e r g b i t e d i l l s e s e r v e , a b , 0 0 0 b y , 0 r e d G e 1 0 s y s t e m y g t h t h e e t h $ 2 4 , 0 0 0 b a n k , a 0 l d a n d k s . i n e r 0 o 0 L , 0 o f , 0 b y e d a s e d r c h e m i n i l n t a v r v b u R 8, , 0 0 0 , 0 0 0 r e d $ 7 a r y r e t e e r b a r k e t i t s t i o d B A N K S t . $ 3 0 0 , 3 0 0 , 0 0 0 . r 1 o v e m e s a r n u P o s r e U M F , l t e l s e l a t o s e c u i c o e o 0 i c a g o t a $ m r v g , 2 0 t o i n N 2 9 t h h l d V i f t i n $ s h o w o s u m o l d n m e r a N T u e n b e r d i n a f e p o v e m u $ 2 y F N c c e n f e R E S E R V E i s c o o i r c e d i n o o t e t o e 7 6 i n o n e l l 0 s e d i n s a 0 a s s u 7 6 f f s , 0 e r e , 0 r c h s i n f 0 0 u s h o w n o c a s h o b y y o n e s t k 6 0 0 , 0 0 0 , b a n k s f t a i l e s r k 4 , 8 0 0 , 0 0 0 , $ 1 5 t d u e g t , - s d f r o m c e n n k s l d o p , 6 0 g u c e a d b a n u s e o r t e g g r e g a t e w $ a i l a e r n s i t i e a 1 s e c c e F E D E R A L . t e r b o r a f r o m A s c r e p P t h A e e c e N e w i s i s i t i e u w $ 1 i n c F s i n a $ 5 b S r e a s s h o w 7 c i n O F * 7 6 . 3 3 0 . 8 3 - 1 ^ •f + + . 5 2 . 3 1 3 5 . 8 1 . 9 - - . 6 1 4 4 - — 9 . 4 1 - 7 8 0 . 8 4 8 . 1 . 6 Released for Publication Friday morning, Nov. 10, 1922; not earlier. R E S O U R C E S O F T H E T W E L V E ( I n R E S O U R C E A N D F E D E R A L t h o u G o l d a n d o l d s e t t l e t a l T o G o l d w G o l d r e d T o g o g o i t h t a l d m l o e r t t i f i c f u h e d p g n l d F e m c e e n d l d R f u n r e s r v e t e F d . e s . . . R . * s a n d e g B a l t e n i l l s d e r T o t a d i s c o n l o r e u n s t e s , e r v e . . . . . A . s s e s i s c o u t e d B t h e r i l l s b i l l s b o u T o t a g h l b U . S . b o n d s S. C M O n O t h e V u n . g e n . . 9 t s . . . . . 0 4 8 i c i p B a n k p R n c o A l l r w t a r e m e d e m F . U a l o a a l e a 2 i l v e r , e , 0 B d e r e s o t h r S u r p e p o L I k l p l u s s a 3 , 2 O t h d e o t a l t e s o a n n e t e f e r r e d A l l o t h e r s o v . 1 . 7 8 4 6 9 , 2 5 0 . 4 2 9 6 1 8 . 5 2 7 S O O 8 8 5 , 2 4 5 9 6 9 , 9 0 1 I S , 7 I 5 0 9 . 6 , 0 0 o v . 6 9 5 N 1 9 2 2 2 6 4 N 2 , 1 2 , 7 5 , 5 2 1 , 2 5 6 , 5 3 1 , 7 5 6 6 . 2 6 9 , 0 7 8 , 0 4 9 2 5 1 3 7 . 2 3 , 2 3 . 6 9 6 1 1 , 7 4 5 n i t t m 2 7 3 , 5 2 3 0 3 , 2 9 9 . 4 5 4 , 8 3 1 6 4 , 9 6 0 , 7 8 3 2 7 3 1 6 , 2 6 2 6 0 . 6 5 s __ . S S jlQ 6 8 8 4 8 , 4 2 2 1 , 3 3 , 3 3 7 , 0 2 5 8 . 6 ^ 9 9 , 0 8 , 8 7 5 2 1 1 , 4 1 9 1 , 0 a s s e d a g a a n A 3 4 , 5 0 0 1 2 3 , 2 6 8 c t ) 1 , . 2 4 5 , 6 8 4 t s i n s t . . . 4 . 5 , 4 2 0 3 3 5 5 8 r c e s I T I E 5 7 0 7 9 4 5 3 , 6 2 1 7 9 2 , 3 9 ? 5 3 5 , 0 4 I o 3 6 , 1 1 7 3 , 8 1 5 5 , 1 0 , 6 2 . 6 5 , 4 1 1 , 2 1 6 5 3 , 0 1 , 2 0 8 , 7 5 7 4 5 , 2 9 5 1 , 5 6 1 5 1 5 ; 1 4 2 . 3 5 ' ' 5 2 8 , 1 6 9 1 , 3 6 8 3 2 , 0 0 5 3 , 6 3 5 6 5 7 ; 3 7 9 0 9 9 6 1 6 2 4 7 5 9 1 3 8 , 5 0 3 8 , 0 0 0 1 3 7 , 8 6 6 1 , 8 4 7 2 1 - 1 1 x 5 , 1 0 3 1 , 8 6 s S 106,355 ........................................................... ........... 215,39s 106,292 1 0 2 1 5 , 3 9 2 S 3 , 1 2 0 1 3 , 5 2 r p 2 ........................................................................................................ o s d r e i t s e p a o s b i l a v t e i t a T O T A L b r v e a c c o u n c t u a y l c c i r i r c c u u l a l a t i o t i o n n 4 i l i t y i l i t L I A B I L i e I T i t e m s I E . . s , . . . . S Ratio of total reser-ves to deposit and F.R. note liabilities combined , 4 0 2 __ 2^ 23-51 , 8 6 2 , 6 2 4 0 , 0 7 4 , 4 4 1 , 5 6 4 , 3 5 8 3 1 6 , 0 4 , 3 4 7 , 6 9 7 3 3 0 1 , 6 7 0 ______ 3 0 ^ 0 8 _______ 2 1 , 9 1 4 4 1 2 0 , 3 , 2 9 , 2 6 8 5 , 7 9 2 , 1 2 5 ^ 4 4 c , 7 2 6 , 8 6 5 2 , 4 2 0 , 8 3 1 - ....................................................................................... b 6 1 , 812,051 t s i t s i n i l a l i a e .................................................................................. o i n s 3 2 5 2 2 ___2.^ .9,39. 5,i o g ,459 35,573 5 0 536,140 ....25,,253. 5 , 1 4 2 , 1 6 7 6 . 4 5 0 7 6 . 0 $ 9 , 5 2 4 4 7 8 , 0 2 4 7 8 . 6 8 0 5 , 1 0 1 , 8 6 s 7 1 . 4 5 b 2 1 l 1 2 2 . 8 1 4 2 x Z E e s s : s n 0 2 7 g L n k l i a D ( P t e d ...................................................................... t e s I e n t n s s . b a n k B e e b . i 2 2 l l a C O M B I N E D : b e r . t d . e m . a i n R E S O U R C E S i d o 3 1 8 ...................................................................... f . B I S 3 4 0 8 d . o v e r n m F . R a r k e t . G F . R o u d , 6 3 0 . , M T i n d t e s e r n t e m o t t s n f 1 5 1 3 t c . ..................................................................................................................................... i t s e r a i t e m A o s f u n c t e S 3 , 0 ...................................................................... p t i o n a n n n i s e s n a n t i f i c r r a R . i t a D r l l e o p e h t e t i f i c T O T A L C o n a n d c e I E B A N K S ______ . 7 . 1 , 0 6 . 2 ........................................................... o p e n a I T : i n t i f i c e - y e a r T 5 i° r c t i l l s U . e d I L 2 6 7 , 2 0 i s O o 8 , 3 L s B o a r d - b a n k s e s e r v n l d a * b y e r a l t i o B S N o v . G L I A R E S E R V E St.3152a Released for publication Friday morning, November 10, 1922; not earlier. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, NOVEMBER 8 , 1922.' " ( I n R F e d e r a G o l d a n d G o l d s e T o t a g o l d w o l d r e d o c e l d i t h F . e m p t h e r e g a l t e n d e r n T o t a l r e s e r v l l d i s c o u n S e c u i t h e r b b o u l b l l s o . t a S . S . C n O t h n e - y i c i p o t a a n k p R e d F . R U n A l l c o o e g h r e m e m . l l e c t h e t e s , e n h t e r r a i n u o a r d r , e t c . t i o n k d n g t r e s o o u o r k 1 , 2 6 5 1 4 5 , 1 6 2 4 1 8 b 4 3 , 5 8 9 3 1 , 3 2 1 , 3 , 4 0 , 2 4 3 1 1 . 5 6 6 i l a . C l e v R e . 6 , 6 1 9 1 3 4 , 6 5 1 6 7 4 1 , 2 7 0 80,273 6 8 0 , 4 9 0 1 6 3 9 1 8 h U 3 . <L . . 2 5 3 . _ 5 P O , 0 2 0 3 1 , 0 5 . 2 0 9 . 0 , 9 7 8 5 5 2 2 4 . 6 6 7 5 , 6 1 9 2 7 , 0 6 5 1 2 . 8 8 2 2 1 , 2 1 7 1 4 . 9 1 5 3 6 , 1 3 0 3 1 5 2 6 6 . 7 2 C E R 1 , 4 5 2 3 . 8 6 2 5 , 5 3 7 7 3 , 7 0 , 2 7 i c h . A t l a d s a n s . C y , o f d o l l a r s ) n t a C h i c a g o S t . L o u M i s i n n . K D a l l a s S a n F r a n . T o t a l 7 , 2 0 5 , 6 0 8 7 , 5 8 6 2 , 7 4 6 2 , o 2 9 2 6 , 0 6 2 1 2 1 , 3 0 3 2 7 . 0 6 8 2 4 7 2 9 . 8 2 0 10.,0d 1 23.16s 2 0 , 0 0 9 1 4 9 2 6 4 8 4 6 , 2 6 9 3 1 , 6 7 0 1 4 7 , 3 5 9 3 3 1 , 7 4 3 3 2 , 5 6 6 3 3 , 2 2 9 6 4 , 9 0 1 3 6 4 3 , 3 8 8 2 4 , 6 4 0 60,057 X '5 t S 1 1 6 , 8 9 2 7 , 6 0 7 4 , 4 9 9 1 4 , 3 8 5 8.120 2 s a n 4 7 . 5 4 6 St.31?2b u S 1 2 5 8 1 3 1 3 , 9 9 9 2 6 , 0 , 7 2 1 , 3 9 2 0 7 1 7 3 , 2 5 6 0 9 2 . 5 8 5 3 9 , 8 3 9 2 , 5 8 1 3 , 4 2 0 9 , 1 3 5 2 , 8 4 6 . 1 3 8 , 9 4 2 5 6 3 , 3 3 4 2 8 3 . 0 7 2 0 5 6 1 6 3 , 4 1 0 7 , 2 2 7 3 3 , 4 9 2 1 1 1 , 5 6 4 , 2 9 0 3 , 4 3 7 5 5 , 0 0 2 1 , 5 2 3 ' 7 7 , 5 6 8 8 . 7 0 5 9 , 2 5 9 . 1 1 6 , 1 5 7 8 , 2 o v ’ t , n t e o b l i g a t i o n s d m a r k e t 2 4 , 2 8 o e f t i n e s d e b ( P s t e d i t t m n 4 9 2 , 7 7 5 3 , 5 4 6 2 0 , 5 4 0 . 1 6 7 3 . 1 1 1 3 6 , 6 9 8 5 5 , 9 5 3 3 1 . 9 3 7 5 , 3 4 5 1 5 8 , 9 4 7 6 8 , 4 8 8 2 6 , 1 0 0 8 , 5 0 0 2 , 5 0 0 6 , 9 2 2 5 , 1 4 8 8 1 2 a 7 , 6 1 8 t e s 1 2 5 , 3 6 1 5 0 2 2 7 3 , 9 7 1 3 9 5 7 2 . .... 2 , 2 5 1 4 7 , 7 3 2 . 8 0 6 1 0 . 3 8 1 , 7 7 9 4 0 , 2 1 6 , 7 7 5 7 1 3 , 3 2 0 1 4 1 , 6 4 1 4 8 , 9 0 5 9 2 7 1 , 2 4 1 0 2 6 0 4 1 8 2 , 0 8 , 1 9 3 9 9 2 , 9 0 2 4 5 , 1 9 , 2 9 7 3 8 , 6 2 7 3 , 6 6 7 3 0 , 8 4 2 1 2 5 3 7 2 , 3 6 s n d t e s 5 , 6 4 3 1 , 5 6 2 9 , 0 9 1 6 0 3 , 9 7 5 6 , 7 3 , 0 6 7 , 1 4 6 6 , 4 3 4 1 8 , 8 3 , 8 5 2 5 2 , l 6 2 5 3 , 8 1 4 8 4 6 2 , 0 S 9 5 3 . 2 8 2 7 7 , 1 7 9 6 1 5 , 6 9 , 0 4 7 1 . 0 3 3 , 0 7 , 4 2 9 3 6 5 0 6 9 5 0 , 7 5 5 1 3 0 . 5 2 7 8 2 , 2 1 1 , 2 2 5 , 8 9 0 1 , 2 8 0 1 , 8 1 6 6 9 2 2 2 , 4 2 0 9,595 0 0 8 , 1 2 1 2 9 3 6 , 6 9 3 1 7 , 0 9 3 5 , 0 2 8 2 7 , 8 6 2 2 7 , 3 3 6 2,816 2 1 1 , 9 0 4 1 8 , 3 0 1 3 , 7 8 7 , 4 0 9 3 0 5 3 4 0 0 , 3 3 7 , 0 7 7 , 8 8 7 8 9 9 , 0 6 s 3 7 , 6 8 2 1 8 8 , 8 2 1 A c t ) 1 , 7 2 , 3 2 9 2 , 5 0 1 3 , 5 2 , 4 1 , 9 2 0 9 , 0 3 9 1 2 , 5 7 1 4 , 3 7 4 2 , 5 0 0 1 , 8 499 1 1 , 9 0 2 3 2 9 7 , 3 5 3 , 3 3 4 , 5 0 1 2 3 , 2 2 7 s e t s a g a i n 1 1 9 , 4 0 6 5 , 2 5 1 3 2 0 , 4 6 9 ■ 9 5 9 1 1 8 v 3 8 9 603 s 1 0 0 , 1 0 7 , 9 4 0 6 2 4 4 2 4 2 5 0 1 3 1 , 1 2 5 . 6,668 4 5 , 3 4 2 2 7 1 , 5 5 3 , 0 1 , 8 6 0 8 1 3 9 4 , 9 1 5 7 , 7 5 5 6 3 , 9 5 2 9 3 5 , 0 4 0 8 2 7 1 6 8 , 9 6 0 9 8 5 7 1 6 5 , 1 0 4 8 , 0 5 3 2 , 0 9 3 1 2 3 5 , 2 5 4 1 , 5 7 0 1 , 2 4 4 5 , 6 8 4 5 , 4 2 0 s t 4 2 2 R E S O U R C E S 7 5 .258,656 e s s : a n 1 2 s r c e 0 2 0 , 0 6 0 t s a i t e m ' T O T A L Y 2 9 2 4 9 6 6 s a f u n N e w 2 1 9 e n 2 1 4 i l v s t o a n d i f i c t i f i c a B s e n r o t R . _ G i s c o o p a r s o S o : i n o e F . t s s S , d t B 2 0 6 , 8 0 9 a n d r n a n t e r e f i s e s p B r w e a r e d t c l l t e t i f i c c r v o b a n k s g e n e a - b y d U . i l l s r a s k d n s e i l l s e a e r T 5/fa y b o n d s O u b n f u o a n t i f i c A l d r e d r l d n o s B f u R . t i o g i e e n l U . B l d m t a T M o s e r v o O U e T e B g l G B R t t l e G L l E t h 3 9 1 , 8 8 0 .. . . 1 , 5 0 2 6 , 0 1 2 4 3 9 4 6 4 9 3 8 3 , 3 8 8 , 4 3 0 5 5 941 6 3 1 , 1 1 5 , 8 5 , 6 4 6 2 , 1 1 0 2 4 , 4 4 9 , 7 7 9 , 8 8 4 7 1 , 6 2 1 8 , 9 5 7 6 1 690 149 545 2 2 8 665 4 6 8 1 4 8 2 3 9 7 7 9 , 1 0 6 196 1 8 3 36,166 1 494 2 1 8 , 2 5 8 8 , 4 4 0 0 4 7 s 1.562 1 3 4 , 5 3 5 2 . . 2 , 7 6 1 4 6 2 8 5 6 6 5 l u25i_ . .7 . 5 9 . 1 1 , 0 7 , 8 1 4 7 , 2 5 6 3,635 9 4 3 4 , 1 8 4 5 8 3 , 8 2 7 , 1 0 5 , 4 5 9 4.911 4 2 3 , 1 9 0 5 st. 3152c, Released for publication Friday morning, November 10, 1922; not earlier. E 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 ( i n L F C a S u D e p d r a i t a l l u s r p e e p o s B e p i t s G o v e r n M e m O t h T l a b e r b d o l d t e s t a e n o R . B a n k e f e A l l ' R C t l i r r e d o e t h a o t i o o f a n d F . c o m b i n n t i n f o r g s t o n N e w 7 0 , 1 5 0 1 6 , 4 8 3 6 2 , 0 1 4 5 , 0 2 5 1 9 7 8 e n r e p o s i n a o s i i l a t e t c t u I L I T I E t o t a l r s e R . n o t e l i p e r l l c i l i t I A B i b L i g e a c c o u n 1 2 t l i t e i e c e i a b n c o i l i t r r e R . n o t e s o u t s t a n F . R , n o t e s h e l d y F . R . n o t e s i n i l l s d i s c o B i l l s b o u S . C e n i c i p a h 1 9 , 1 9 7 1 7 i l a . C l e v , 1 9 6 1 1 , 6 , 9 5 2 4 c i r i r c c u u l a l a t t i o i o n n a b c t u y i t e m e . o u s a n A B R i c h . d s 1 o L A C L O S E f I d T t l a o l l a F r B U S I N E S S s N O V E M B E R S , 1 9 2 2 . ) : e s ! n O t a C h i c a g o S t . L o u i s M K i n n . a s . C y . . n D a 4 , 2 l l a s S a n 3 9 5 , 6 3 9 4 , 3 4 9 1 4 , 7 5 3 4 , 7 9 5 3 , 5 5 7 4 , 5 8 3 2 , 5 0 9 1 1 , 0 3 0 9 , 1 1 4 2 9 , 0 2 5 9 , 3 8 8 7 , 4 6 8 9 , 6 6 7 , 3 9 ^ 1 5 9 3 2 , 8 9 5 3 , 4 5 8 9 9 9 1 , 8 3 6 3 2 6 2 , 0 2 2 5 1 7 1 , 4 3 8 4 F 7 1 1 , 6 r a n . T 1 2 , 1 9 9 , 8 8 1 0 2 o t a l 6 , 3 5 5 1 5 , 3 9 8 e s i l b t i d e e p o n d a o i n n b d e o 6 1 9 5 , 0 5 2 6 0 4 1 2 1 , 7 1 , 1 1 5 7 , 7 1 0 4 2 , 1 0 8 9 6 , 2 7 U 5 9 p u r c h k s l c i r a t s 1 , 7 3 6 1 , 8 8 0 1 6 2 c g h r l u n t t e u l a t i o n w a d i n t i f i c a 1 1 9 4 o p e n r r a n s t s o m f a r k i n d e , 5 0 . 2 , 6 1 6 , 8 8 , 4 6 6 t e b 0 8 , 2 0 , 2 2 5 8 1 4 3 5 7 1 4 9 , 1 7 3 6 2 6 2 7 , 9 3 1 9 6 0 8 2 , 4 2 2 2 5 5 , i 4i , 6 9 0 8 3 7 2 , 0 4 1 4 , 3 3 3 1 1 , 9 3 9 3 8 1 , 3 2 , 8 3 2 4 6 3 0 5 8 1 2 6 2 3 3 , 3 8 8 1,947 1 4 5 , 9 2 7 5 0 2 , 1 4 5 9 4 6 2 n e s s 76.7 . 6 0 2 , 6 8 8 7 9 8 , 9 8 3 1 , 6 3 6 1 9 5 5 2 6 , 0 i t h i n 6 t e d 0 1 1 , 5 3 , 7 6 - 0 4 , 6 4 5 , 3 I S T R I B U 1 5 4 4 9 , 2 0 t e 1 4 , 4 , 3 6 0 2 6 6 , 9 , 3 2 3 9 9 , 6 8 6 1 s 9 7 2 6 1 6 9 6 5 7 , 0 1 0 4 7 , 7 5 7 6 9 , 0 7 6 5 , 8 9 6 7 1 2 2 5 9 3 6 , 4 0 2 7 , 8 7 9 3 , 6 8 8 5 3 3 9 3 7 7 , 7 1 2 4 9 , 4 2 2 7 8 , 0 4 2 5 7 , 9 1 2 1 3 5 , ^ 5 7 , 6 6 8 , 8 9 3 4 3 , 5 4 1 2 2 4 , 1 6 , 3 9 0 l , 0 4 l 3 7 , 2 3 3 2 , 5 3 6 3 , 1 9 0 9 3 , 9 9 0 2 3 2 1 , 8 5 1 4 , 8 2 , 3 1 2 , 0 5 1 2 , 2 3 5 6 2 , 6 8 8 4 4 0 , 0 7 4 , 1 1 0 , 8 1 , 2 2 2 8 1 , 8 6 0 , 8 5 2 8 4 1 7 1 2 , 6 5 4 6 l,34o 2 1 3 , 9 5 7 3 , U 8 1 1 , 8 2 6 2 3 7 7 9 , 4 1 , 0 , 1 0 6 5 1,816 4 33,875 2 1 8 4 , 2 1 3 4 5 8 1 3 , 1 5 4 1 1 , 4 9 8 4 , 5 3 5 7 3 4 , 2 4 5 2 4 , 2 8 5 3 0 1,362 2 1 1 , 0 5 6 1 4 , 0 3 8 3 2 , 4 4 1 5 2 2 , 5 6 4 1 , 7 7 0 7 , 2 5 6 6 6 4 2 2 5 5 , 9 3 9 , 1 0 5 , * + 5 9 72.6 78.7 2 1 , 6 7 5 - 2 8 4 . 5 7 2 . 0 . 1 6 3 . 3 9 1 2 1 , 6 . 2 7 1 .5 878 1,55*+ 7 6 . 4 s e d 2 2 a n 4 2 7 9 1 0 , 3 0 7 2 s i t g b , 0 8 4 s i l l s n 5 5 6 y 3 4 , 9 2 t s p , 5 8 7 0 s t o i 1 0 3 , 3 5 6 1 4 6 3 r v 9 0 4 6 - S a 6 8 8 3 W B u P r k 2 6 , 9 D M o , 8 7 , 2 s n F . U . Y 1 2 y i l a b e r v a i n l i a , e i t s n v s s i t s e t r - o a e d f o k p b r T O T A L a o 2 i n a n e r R . n B B a r i c e n t F . e i d e t h I A T : m F . D s e r v B A N K S d a y s 2 1 9 3 , 7 0 5 R E S E R V E N O T E S 2 2 1 0 1 5 , 4 1 2 1 3 , 6 8 6 2 1 , 7 2 6 T I O B 0 N O F l 6 4 2 9 1 7 , 3 9 8 2 2 7 , 9 3 1 I L L S , t o 5 , 3 5 2 , 4 2 4 , 1 2 3 U . S . 3 0 9 7 3 3 7 F E D E R A L 2 0 , 2 1 , 3 4 9 d a y s 5 4 , 0 2 6 , 1 9 6 , 8 3 0 1 3 1 , 4 5 1 2 6 3 1 t o 4 7 7 6 2 0 A N D I N 0 4 2 8 , 8 2 9 , 1 9 , 3 4 2 8 3 9 O F 6 0 7 3 4 , 0 , 1 1 2 C E R T I F I C A T E S 4 8 1 6 O U T S T A N D I N G 7 9 6 1 , 2 d 9 , 6 8 9 1 , 5 8 8 A C T U A L 5 1 1 0 , 0 7 1 0 1 6 , 0 8 1 5 9 3 , 9 9 5 9 , 3 0 9 2 , 1 8 5 7 , 6 2 3 A N D a y s M 6 l U 7 8 6 , 6 9 6 8 , 8 t o 9 0 4 3 9 , 4 9 6 4 6,726 , 8 d 3 , 7 9 3 4 6 3 4 3 , 5 , 7 6 4 a y s 8 2 5 s 7 3 ^ , 6 7 4 , 1 6 4 2 B Y O v e r . % 1 4 - 8 1 W A R R A N T S 5 0 0 2 4 7 , 3 0 7 9 , 7 8 N I C I P A L , 1 7 9 1 3 2 , 4 7 5 9 5 , ^ 7 0 5 5 , 3 9 7 4 C I R C U L A T I O N 0 I N D E B T E D N E S S 2 2 2 M , 8 4 0 2 , 6 6 3 2 , 3 4 0 , 0 A T U R I T I E S T o 4 , 7 4 7 6 4 0 , 4 1 2 1 0 , 5 1 9 2 5 8 , 6 5 6 , 7 6 8 2 8 9 0 , 4 d a y s 1 1 1 5 7 7 t a l 6 Released, for publication Friday morning, November 10, 1922; not earlier. F E D E R A L R E S E R V E A G E N T S ' A C C O U N T S ( i n F e d e R r a E l R S e s e r v e O U R 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 s e r v e n o t e s o u f o r o l l a R e t e s e r a r v e l s e c n o t e G o l d a n d g G o l d r e d e m f u d G e l d E l i g i b n l e p u o u o t a n e r n R . e r - q u t f u F . a m s s s a p r e e t i o t c - . A m o u n t c l d p E x r i t y s o o ss tt o o n n 8 2 , 4 0 N ee w N w Y Y o o rr k k P h i l a 3 0 . C o u l e v e . s a n R A T C L O S E d o s i c h f . d A O F o l l a t l a n B U r s S I N E S S N O V E M B E R S , 1 9 2 2 . ) t a C h i c a t 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 S F C B B t t h St.3152d, i r e h d B d t s t a F e i n i f i c n a n d e g a n d r a h e g 2 0 4 1 6 , 6 8 8 7 3 8 , 9 8 3 1 0 , 3 0 0 3 3 , 1 8 4 1 3 , 1 0 1 3 6 , 3 0 6 0 7 , 1 1 0 2 1 5 , S 2 0 , 4 1 2 27,o 4o 29 ,sic 69.479 S5,64o 24,720 245,329 104,025 131,440 422,825 110,071 11,370 59,209 11,560 78,679 I6,4i4 55,810 852,173 47,308 25s,s4o 2 , 695,470 l : t e d o a r d d o u n t i n l d s 1 1 3 , 0 0 0 7 4 , 2 2 7 1 8 , 6 7 3 3 3 1 1 , 0 0 0 , 4 3 3 5 , 3 0 8 1 1 8 1 2 1 0 1 5 6 , 1 7 6 , 8 3 8 48,347 1 , 2 1 8 64,735 _ 2,400 3,599 12,826 93 ,ooo 363,645 4,346 57,300 37,969 2,228 32,44i 16 ,32s 36,815 3,112 13,275 13,177 1,262 155,000 63,877 25,709 52,4i4 39,338 11,610 13,052 1,336 4,642 29 ,000- 50,360 15,000 168,950 1,577,939 16,421 21,665 4,464 23,677 4,125 7,546 3,097 13,055 14,876 75,014 2,722 391,367 124,744 601,420 256,4o6 543,407 240,090 348,687 982, 74s 247,974 135,452 173,103 124,025 576,272 6 ,499,519 L ' J e t C a m n o t e t r o o l l a F e d I A o u n t s r l l e r t e r a r a l e G o l d E l i g e I L f F i v e d f r o m o f t h e C r e c i v e l e e I o e d T e R e I c l i b B e s e r v e p a p e r T O T A L r a u d B l E R e s e r v e C o m r r e n S p 272,369 133,836 200,919 514,525 134,791 c y 90,239 63,722 314,650 3,547,643 73,256 43,388 55,002 39,927 20,825 27,262 25,643 123,826 2 ,034,050 34,720 77,796 857,626 71,179 f r o m a n k : 142,401 92,966 6S0,490 167,065 181,452 243,801 43,565 23,526 66,057 92,999 376,471 40,137 42,769 91,752 534,455 2 , 130,324 462,262 543,407 240,090 342,687 982,742 247,374 135,452 173,103 124,025 576,272 6 ,499,519 l STATEMENT THE F O R P R ^ S S ^ for publication R e le a s e d Federal Reserve Board, Friday morning* Nov, 17; not earlier* November 16, 1922* C O N D I T I O N c c e p t s F E D E R A L R E S E R V E B A N K S rt-p <fci? 4f>0 000 in discounts and of $2 , 300,000 in purchased ^ d i n e of $20,900,000 in Government security holdings, Aggregate increases a O F , l e i l y t a x * s t a t e m e n t i s s u e d a s a t c l o s e are shown m the Fed®ral. ? se^ ! 0^ H i a b i l i t i e s increased by $76,800,000, while F e w d e r a i t h r e l ^ a s e r v r e s e r v r e d u r a t i o e c e n t i o o t e n o . r e s e r v e S L k 7 s i r $ 6 f r o m Since August t h c f 6 c u l a t i o n , 5 0 0 , 0 0 0 . 4 t o 7 5 d e i x i . 2 p e c l i n e t o t a l r c e n d b y r e s e $ r v 1 8 e , 9 0 s 0 , 0 a r e 0 r 0 e . T h e s e f l e c t e d c h a n a d m g e s e t o c l i n g e t h e • r e t . the low point for the current year, total earning assets of 9 , h a v e i n c r e a s e d t y $ 2 1 8 , 8 0 0 , 0 0 0 , r e f l e c t i n g i n c r e a s e s o f _ $270,700,000 in discounts and of $114,100,000 m acceptances, offset m part by reductions of $166,000,000 in Government securities. G o f g o r e s e r v s h o w n l a e r g b a n k s m o l d e a s a n d a n l s e r c e n p o S c e t , 0 0 s o o r t e e n t , b y i n g a s 0 u i n c r e s e t h e i i m a a d e s e s l d p a p e r r $ 1 2 0 2 a r y o o v e m f $ , d o p e r , 8 0 0 , 0 o f i n P h i l a t i n g t o f $ c r e 0 0 d e s e f o l p $ 1 0 6 , 9 0 0 , 0 0 0 a $ 7 , 4 0 , 0 0 n f o r t h e b y G h 2 L i b 1 2 c e n 0 a n f c h a n g e s b e r 1 5 , 1 9 2 2 e r 5 , 8 t , 0 b d i n s v o v e r n m e a p , 0 C 0 , i s t h e e l a e n t O f o t h e r o r 3 S T , r e a s u r y e p c o m r i n c i p p a r e d R d o b U . . l n d n t , t e s t h e t i f i c r t e d s s e t s a w a r U i o a n d l d s , S y c o m d a I n o f L t . a n 0 0 0 0 r e . i l i t i e s y e a r a g o o , T o t a G _ T o l r o l d s r e , , t a l D e e s e a r n i s c o u n S e c u O t h P u r c h U n i t e r e v r v • i n t e d a b S T o i t t m O t h t a M l e m d s t e s e t h d , i l i l s t a G c c u s e n n o l . o v e r n m u n t e d . e n t . . o b . . l i g a . . t i o . c r e a , 0 0 0 n 0 0 , 0 s e f o o r « i , 4 o t e s $ 1 7 0 t h f o l l o 0 , f r t h e e w d p e r a n d , 0 0 , 0 0 0 r e s e r v e 0 , s : D o 0 a s o r f s T h e J o a n k s * o e c r e a s e l l a r s c e N o v . 1 6 1 n s ^ . , ...................................................................... o i t i e t e s i f i c a t s , t o t a l .......................................................... 1 9 . 2 1 2 9 . 9 - 1 7 * 5 “ + . 3 * . y + + i s ................................................................................................................................................................. 7 6 ; + 4 e ...................................................................... ................................................................................. ................................................................................................................... + 3 0 « b “ 1 * 6 r e o t s r v e d i t s i f e p i c o a s t i e t d e p o s s i t s .......................................................... s s . . . . . . . . . . . . . . . . “ 7 s t . 1 o r . ^ 2 i ' " i . o i o t . 1 3 - 0 ‘ 9 3 - 0 2 r y e . 4 l u ^ O s u c s * i n “ - ^ 9 , 8 o ...................................................................................................................................................... e 4 2 + ..................................................................................................................................................... r 2 2 - . Federal Reserve notes in circulation . . . . F. R, Bank notes in circulation, net liability i s . , a r e + *• a p s D ^ * 3 r e e n t t t o s 6 * 6 . 2 ................................................................................................................................................ S , d “ r e e g g o l b a n k s . 1 9 . 2 2 e b e r s ' O . c p o v e r n m s U . b T Q 4- t > e t s s l a n d G e r s i l l n e r a y 8 s i f t i n s 6 5 ' + 2 3 5 , 3 ...................................................................................................................................................................... ........... ........................................................................................................................................ i ................................................................................................................................................................................... l t a a s b i B o n d s P e b s e d d s g r e d e r e o v . a h o r i l l i o s i n N e i t h s e m u r y w e f o s k i t j , o O O , p a r e d I n r k b a n * 6 , ^ o i n , 0 r e a s u c r e a n c S b b C o n e , 0 a u 1 ^ T e e k l i a a n $ + b r b g s a s s h o w e , w a n d e e k n s o r a n h t e o s t o n b a n k , b a n , ; n l c e o a t i o t a E K t a b e l a o e a n d o n d n I n t h c i s c o e r p i t h n e e k . i n S . p c a w l i s t l a l i g t e s h o w A r e w r a o i c h m , t h e a n d 0 n t h , 0 0 0 F n 0 4 , 8 0 0 , 0 0 0 t h a l e r i n t y y $ 0 f o 8 , 6 0 0 S a n M 0 , 0 $ t h e , a n d C 3 3 0 , 3 0 0 , 0 0 0 . y r i a 0 r e d $ o f >3 0 » $ 0 e a n s e c u b , 6 n l i n 6 , 0 0 0 , 0 s h o w n o > t e s , o c r o u g O r e e f o o r k s e i n s e c u y o a m e o r , d t s Y c r e a b f a n N e w o o t o , N c c o e r e i c s h o w a J 0 0 0 , 0 s g M w e s f d c r e V , 0 r v e r d l d e f o s m 5 0 0 4 ’, 7 o l o r e e e k $ 8 r v a l l e r p $ s s e t H w r e r e l d q * g - o t o " ^ f i i ' n p f 1 . . 0 7 , 6 ^ ~ 18.9 - 3*1 + + 2 0 ^ 1 8 1 . 8 c 5 . 6 ^ ” 1 * 9 77.0 45 . 5 Released for publication Friday morning, Nov. 1 7 , 1922; not earlier. R E S O U R C E S O F T H E T W E L V E ( I n R G G E o l d G L s o t a o l d e o t a l l s g B B a n n c A l l o e f u n e r o t e s , o l r s e r v e t e d : . G t a i s c o b y e e r e T o t a p r e m l r e t i f i c t a r r a n e a i n a n k l l e c t e d t h e r r e n o o t u o u s a n N o v . i l v e . d 2 . o a r d . . g e n . e n t o d . I A B s o 1 5 . . d t e t c . . b . l i g . I L I T f d I E S B A N K S o l l a r s e p o ) 2 . . 3 . 0 g a . i . t i o . s . . . g a i n s t 1 . . . e . t s . . . . . B I T . I E 0 2 1 0 4 0 . 9 4 , 7 6 8 3 1 2 3 0 , 7 6 4 . 0 9 8 9 7 , 7 7 4 3 6 , 0 5 0 7 1 . 0 6 9 5 9 4 , 6 8 0 , 7 5 1 3 0 * 5 , 2 1 1 , 2 0 2 8 1 2 3 4 0 , 0 7 5 2 5 8 . 6 5 9 3 . 6 , 9 9 8 9 9 , 0 3 2 1 , 5 0 0 2 2 1 8 8 1 , 8 6 6 8 2 1 3 4 , 5 0 , 8 1 0 I I 0 , 0 6 0 6 7 , 8 2 3 _ . _ i j £ 2 , 9 6 9 4 3 1 , 8 7 6 6 c 1 4 6 . 0 2 , 3 3 7 , 8 1 , 7 l 7 3 0 1 . 2 3 0 * 6 4 , 2 8 5 9 l 4 , 0 . o v . 7 1 5 0 N 6 4 3 . 4 2 9 , 0 7 , 2 1 9 2 2 2 6 3 1 2 . . 8 ...................................... 2 7 . . 1 . 2 3 9 , 4 4 • 1 2 » 3 8 . 2 1 , 2 0 3 5 1 , 1 3 . 5 2 i . 5 5 , 3 2 9 . , 0 , 5 ^ 3 , 2 ............ 4 4 5 , 6 5 0 . . , 4 . .................................................................................. . , 9 7 3 . 8 1 7 ............................................................................................. s 8 3 3 0 c t ) . . . , 3 4 4 6 , 3 2 2 , 5 2 0 . A . . 2 , U l U 8 , 9 0 1 * 5 6 l , 4 6 s 9 1 , 1 2 s _______ 6 8 4 . 3 2 0 . 1 , 2 6 6 , 3 3 9 3 2 , 1 2 7 2 , 5 0 0 1 , 2 2 e s s : a n . , 2 s > . . n n . . t e d i t t m . s . a r c e 7 1 3 3 . o v . 6 6 , 6 0 3 ............................................................................ s , 0 . . e b ( P . a 6 N 1 9 2 2 4 5 3 3 5 ^ 5 7 , 1 0 0 1 3 b S 5 2 1 , 6 8 4 5 , 4 2 0 3 , 6 3 5 3 , S 2 7 * 6 1 1 5 , 4 5 9 1 5 ^ 6 1 0 1 , 4 8 2 3 2 , 2 3 8 , 5 7 1 ,. 7 , 8 1 3 6 8 7 , 2 4 3 - _____1 - 8 , * 9 7 . 5 , 1 9 7 , 8 3 0 S 106,448 215,398 D C O M B I N E D 6 5 I » 2 3 0 . . . s s s 7 9 2 8 t s e a r k e t . a , 1 t e m r i n . L B . A . ........................................................... f L I . R . e s e . k s o R E S O U R C E S A s t e T O T A L I s n t s t e u e , r d i t e m s o t h ...................................................................... e n . f u a n s e r v s s a . t i o n b v i f i c r n i s e s p n t e e F . o v e r n m c r w a t - s o p a r d . a d i s c o i n t i f i c l B d g h t c e m n . S i l l s r a e u U b R . o R n e d F . U y e r i c i p R n l d b d e - y e a r k 5 $ l d r a t i o n t e n C n f u e e i f i c s b o n d s u t t e S . M d r r S . n e e l d U . t h n h p U . O e l d F b o u O c L R E S E R V E S o e r i l l s E g d t h o C l d m e m l S e c . O o i t h T i R t t l e r e d e g a l B U g l w o l d T O a n d o l d T G S A N D I E D E R A 1 St. 3166a 106,355 .103,166 213,824 215,398 s i t s : M e m b e r O t h e r b d e T o t a l t e s F . R . n o F . R . B a n k D e f e r r e d A l l n e t o l t h i e a n p o b r v l p o i n a o s t e l a i r e i t s e i a s d n a k i t b c e . t u a c c o u n a 22 606 , ..................................................................... l c c i r i r c u c u l a l a t i o n n - t i o . i l i t i t i e y i t e m s . . 29,313 691,406 26.279 . s ................................................................. .33,103 1 , 812,051 24,235 1 , 674,064 1 , 862,688 1,737.716 2,340,074 .2,398,224 32,441 -25*339. 74,786 591.324 - ~7§.,J2P 5,105,459 5.197,830 _______ • 1.939.510 . 2,321,219 ........................................................................................ ........... b 26,402 57 ,252 . 1,859,652 t ....................................................................... i n l r v i t s y i e . s i l a a s 522,564 • 30,5*9 /J T O T A L R a t i o F . R o . f n o L I A t o t a t e l B l i a I L I T r e s e r v b l i t i I E i S e e ........................................................... s t o s c o m d e p o b i n e d s i t - 5 .329,5 a n d . 76. 45b 75 . 2$ / 71 . 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 R E S O U R C E S a y n A M D c r n i n L B I A g , I L N I T o v e m I E S 17 , b e r O F T H E 1922; net F E D E R A L e a r l i e R E S E R V E r St. 3166b. . B A B K S A T C L O S E O F B U S I N E S S , N O V E M B E R 1 5 , 1 9 2 2 . (In d e o l d G r a l a n d o l d s e g G o l d w G o l d r e d o ^ r v o l d c m o i t h t a e s e t t l e :I ' o f c a l T R e n t h e t i o n r e l ' l g o p B ills s U. by U. bills bouaht e I U S. in n 55,530 133,969 11.357 t s York N e w P 156,950 'iq?.03S h i l a . C l e v R e . C E R i c h 13,712 62.291 353,985 76,003 660,243 167,527 181,113 4.196 4.088 10,805 . A t l a 4,654 6,702 47.162 53,864 11.881 -....... 34,451 ---------- n t a C 5,622 h S i c a g o 26,256 32.102 24.811 110.407 36,756 30,433 136,603 95,242 372,039 1,927 18.804 69,631 .4,301 1 5 , 7 3 7 2 1 , 8 5 5 4 7 1 , 0 3 .7^.54. 13.852 5 9 , 4 9 2 3 9 , 4 3 9 2 6 9 2 9 , 1 5 1 5 9 , 9 6 1 3 3 4 , 4 9 5 1 8 , 7 6 8 1 8 , 9 4 7 5 . 2 0 0 1 5 . 9 1 4 . 8 2 5 6 9 , 6 5 6 7 0 , 1 7 6 thousands of do llars) S 203,856 1 , 025,036 225,587 261,204 110,688 130,602 527,506 s C ertific a te s Other G o v*t. m arket Total and notes of 6.948 9.288 8 1 1 9 , 9 7 6 6 1 8 , 5 2 3 5 2 1 3 7 , 5 5 0 3 7 6 t . , 6 o u M i s i n n . K a n s . C y . D a l l a S a n s F r a n . 2,701 7,576 . 33.121 20,749 34,325 35,822 43,964 54,782 2.338 1.04s 10,089 80,627 91,652 53,025 253,553 8.887 668 . .4*033 7 4 1 1 3 , 0 9 9 8 1 , 2 9 9 5 5 , 6 9 0 7 , 4 0 6 T o t a l 276,414 651.930. 16,5.77..39,503 26, 66b 59,423 922,344 25,255 196,493 2 , 075,901 1.104 _3 j.33.I_. 66.603 3,282 22.589 25,371 75,643 2 . 6'}8 22.168 5 4 9 L 19,920 . .......J j l l O 6 0 , 1 3 5 3,073,848 3*661 ...... 130*912 . 2 6 3 , 5 1 4 3 , 2 0 4 , 7 6 0 Bank (P it t m a n fu n d s o r e T O T A L u 1 , 7 5 1 2 E E , 2 7 2 2 6 3 , 4 1 9 2 6 4 7 3 , 9 8 0 8 2 7 , 0 0 0 2 , 0 0 0 7 5 , 1 4 8 1 2 0 , 1 0 1 - , 6 4 8 , 2 5 3 2 7 5 , 1 0 9 3 ,3 7 6 2 2 , 1 5 9 1 1 , 5 1 3 1 3 , 7 2 1 2 , 0 3 1 6 1 8 , 2 8 1 1 9 , 4 2 . 9 4 3 9 , 7 3 0 7 , 6 2 8 2 0 2 9 , 9 7 5 4 2 . 2 0 0 1 2 4 4 , 0 4 3 4 1 , 2 4 1 2 , 4 6 0 7 , 5 5 2 6 , 8 2 9 3 , 3 , 9 6 1 0 1 , 3 1 1 1 3 0 0 4 9 1 , 3 8 2 6 ,7 3 3 6 2 4 4 , 8 7 , 8 . 4 0 5 1 2 5 , 9 5 6 5 1 2 3 1 ,9 9 9 - - - 7 , 1 7 6 349 4 2 2 7 3 , 5 8 r c e T 5 4 , 4 6 , 2 3 2 3 , 6 6 7 4 1 , 7 3 2 , 7 7 0 2 , 5 7 1 2 , 8 7 4 1 6 22,346 5 7 1 5 2 1 , 4 9 , 5 5 6 3 0 , 4 6 7 8 7 2 7 , 2 2 5 . 1 , 2 1 1 1 0 , 5 9 1 5 , 3 3 4 2 , 6 6 9 3 3 0 , 2 8 5 1 1 2 3 2 2 , 5 2 0 2 0 . 0 7 0 3 4 .1 6 9 260*3341 3 6 , 6 6 5 7 1 , 3 8 0 9 1 3 ,6 9 9 2 , 7 2 8 3 2 , 3 0 7 1 7 1 , 7 3 2 4 2 , 0 5 1 3 1 , 0 - 7 , 7 4 4 2 , 5 7 1 1 2 3 5 0 7 3 - , 1 2 1 , 9 5 9 1 2 5 2 , 5 0 0 1 , 8 2 1 1 , 9 4 9 9 1 1 , 9 4 6 8 - 5 , 6 0 0 7 , 7 5 5 9 7 1 ,4 5 9 3 4 , 0 6 9 6 3 , 9 4 7 9 3 6 7 1 5 0 2 1 0 , 1 3 2 3 3 2 1 2 1 , 5 0 0 5 3 2 , k S 2 r - 4 9 , 6 0 6 , 3 7 , 3 - - 2 7 0 , 3 , 0 9 3 1 1 3 4 2 7 , 3 7 1 , 6 2 1 , 2 3 1 0 9 4 , 4 4 5 , 6 0 5 0 a g a in st notes A ll r Act) 5 item s , 6 6 - assets U nco llected e 0 5 ind ebted ness: p re m ises t h 1 . 6 9 0 w arrant s R e d em p tio n , 1 1 3 5 , 9 c e rtific a te s ea rn in g R. 3 1 0 c e rtific a te s M u n ic ip a l o b lig atio n s on hand S. o o a r d b a n k s onen bonds F. B 2 S. Bank F . s t o 15,950 39.550 s d isc o u n te d b ills One- year 5 / i r v e o U d isco u n te d : Total U. e d t - g e n n a B reserves Other B ills d b y f u of k ----7 ---- ----7 ~---- Secured . n l d A l d a n t i f i c f u —V^u.* W Total B r F * e m l e e O r o G e S r o F E te R s S O U R C E S 0 5 1 0 4 l 6 ,l 4 S 1 7 6 , 5 2 . 0 3 2 5 0 6 9 , 5 0 9 4 1 6 1 ,5 7 5 ,5 & 2 2 3 9 7 6 1 1 , 7 7 s 1 4 9 1 2 6 4 5 4 , 6 4 8 5 , 0 3 3 7 1 , 5 5 4 5 3 7 2 4 2 , 8 0 5 6 6 5 4 6 s 3 4 . . , 3 9 2 9 5 2 1 5 2 2 2 4 , 6 4 6 , 9 3 4 5 5 6 , 2 7 1 , 7 5 2 3 4 , 4 2 3 1 4 1 , 6 1 0 1 1 , 1 2 1 4 6 4 0 0 4 2 2 , 9 5 6 4 469 6 4 3 7 8 1 9 6 1 8 3 9 ___ 2 2 3 , 6 2 8 2 9 , 1 3 3 6 , 0 0 4 . 0 3 5 5 _ l - i 3 5 3 ______ 1 4 9 , 9 3 9 3 ,5 5 5 9 4 , 3 4 4 3 8 , , 3 5 2 2 1 , 1 3 1 5 7 7 J7* 5 , 3 2 . 0 9 2 S f r , 5 ^ S t. 3166c. Released, for publication Friday morning, November 17, 1922; not earlier. RESOURCES L IA B IL IT IE S A N D OF THE FEDERAL RESERVE (In L Federal C a p ita l Reserve p a id Bank B o s t o n 8 , 1 4 4 1 6 , 4 8 in Surplu s N e w Y o P r k h i l a . C l e v e , 9 5 9 , 3 2 6 1 1 , 7 0 8 0 , 1 9 7 1 7 , 9 4 5 2 2 , 5 0 9 3 , 9 1 3 2 , 9 5 3 1 , 6 4 2 7 , 8 3 6 9 3 BANKS AT CLOSE O F B U SIN E SS thousands of I A B i R i c h . 5 , 5 8 I : l A n 4 , 3 3 0 9 , H , 1 0 5 2 1 1 , 0 i 5 E C t a 2 15, 1922. do llars) t t l a NOVEMBER S h o u i s M , 8 0 1 3 , 5 3 9 2 5 9 , 3 8 8 7 , 4 6 0 7 1 , 9 7 1 , 0 , 1 4 9 i c a g o 0 1 4 , 7 4 4 2 , 0 9 S t . L 4 7 K i n n * a n s . C Total y . 4 , 5 8 4 4 , 2 1 1 7 8 9 , 6 4 6 7 , 3 9 4 1 5 5 7 3 , 0 1 6 4 7 , 5 0 6 D ep o sits: Governm ent M em ber Other bank R. net account 1 3 notes 1 , 5 TOTAL 2 7 1 1 , 0 8 in c ir c u la tio n 1 3 3 1 9 5 , 2 5 7 a v ailab ility , 6 3 6 1 1 7 2 1 3 , 1 4 3 7 5 8 , 1 2 5 8 8 , 4 1 1 3 . 3 5 4 1 4 9 1 1 6 1 5 2 0 4 , 3 6 2 , 7 1 5 2 , 7 8 6 5 9 8 4 2 4 o s 8 5 1 5 2 , 2 2 2 9 8 5 5 1 3 2 , 1 0 , 2 C 6 1 , 4 9 7 , 3 7 , 1 0 1 8 1 , 9 2 5 2 , 6 9 9 7 9 0 5 6 1 , 1 9 1 3 3 8 6 5 , 1 8 0 7 5 5 , 1 4 0 2 5 9 , 2 4 6 6 7 , 7 0 1 4 9 , 1 0 1 2 5 , 1 9 2 3 9 6 , 1 7 9 5 , 7 9 2 5 6 3 , 3 2 , 4 6 , 9 , 8 7 9 , 9 8 9 3 , 8 6 8 7 5 , 1 9 1 0 1 2 9 57,188 2 2 6 4,171 ite m s 5 lia b ilitie s 9 , 1 , 6 3 6 1 , 8 L IA B IL IT IE S 4 l 6 6 1 3 1 , l 4 s 1 2 1 8 , 2 1 4 , 8 8 6 5 , 8 4 7 8 2 , 5 7 5 , 5 1 , 5 5 8 1 , 4 5 9 , 9 4 3 1 , 9 4 1 1 2 , 7 7 6 9 s 5 , 4 2 , 5 4 3 5 , 0 3 1 , 8 9 7 2 8 2 1 , 7 6 4 , 4 8 3 1 9 1 , 2 3 0 3 8 2 4 2 , 8 0 5 2 2 7 2 9 2 7 7 , 7 5 3 0 5 3 , 3 4 4 6 7 2 6 - , 2 7 1 , 6 1 , 8 2 5 3 - , 2 3 4 8 0 , 3 2 9 1 , 3 5 7 6 1 , 0 2 5 0 , 6 1 , 4 1 3 4 , 4 2 3 i 4 4 7 2 6 4 8 , 9 8 2 , 2 1 i , H 2 1 , 3 2 2 3 , 3 9 5 7 , 2 , 8 ox total and P. R. c o m b in e d , C o n tin g e n t fo r F. R. reserves note per 6 7 9 , 1 3 4 5 2 2 0 2 , 6 65.6 cent notes on b ills 2 , 3 i . o 1 7 1 4 1 , 7 8 1 9 3 9 , 9 ^ 29,313" 591,406 26,279 r +6,392 2,536 5 4 , 1 6 2 4 3 8 , 6 9 7 5 , 3 2 9 , 5 ? o u tstan d in g R. notes h eld F. R. notes in by 7 8 2 ,U 6 6 2 banks actual 74.6 . 7 70.6 1 4 1 8 c ir c u la tio n 1 9 , 2 5 , 9 7 9 5 5 , 5 2 0 8 5 8 2 0 7 , 0 9 0 5 7 5 8 8 1 5 9 5 , 2 1 1 , 5 , 4 2 , 2 9 3 2 , 7 W ith in d isco u n te d B ills bought U. S. in 4 open m arket C e rtific a te s M u n ic ip a l w arrants W . of in d e b te d n e ss , 75-6 15 days 2 2 4 6 , 0 1 0 2 1 , 3 1 6 2 0 3 , 9 5 7 3 7 6 .3 4 , 3 6 2 2 l 6 to 5 , 6 5 83.9 69.2 5 0 2 9 , 1 0 U. 30 , 2 4 o 6 2 , 8 4 0 , 1 2 4 2 , 0 1 , 0 4 0 8 0 6 9 S. days 7 1 , 2 4 , 0 1 , 5 1 6 O U T ST A N D IN G ,__________________________ 9 9 0 8 , 5 4 9 4 3 3 9 0 5 1 6 6 - 1 , 6 NOTES 4 1 , 9 0 RESERVE 6 7 7 FEDERAL D IS T R IB U T IO N OF B IL L S , B ills 3 ~ *7 . 76.6 60.1 62.6 75-2 72.0 purchased correspondents F. 6 d e p o sit lia b ilitie s lia b ility fo reig n to 5 2 5 9 , 6 ?n R a tio 8 7 9 5 0 , 4 0 3 5 6 , 4 4 8 1 5 2,632 H 3 6 , 0 4 9 9 8 4 5 4 6 5 2 7 1 7 9 1 6 - lia b ility other 0 . 2 9 9 d e p o sits Bank D eferred A ll - reserve d e p o sits Total P. 1 , 8 , 5 £ 1 0 1 1 3 1 2 1 , 1 0 5 , 9 5 , 1 9 2 4 1 0 to 1 7 7 , 9 8 7 5 , 7 OF 6 0 , 1 4 2 2 9 , 6 IN 9 4 3 3 9 6 ,1 7 1 2 8 AND 3 3 , 5 2 C E R T IF IC A T E S 3 2 0 9 3 0 24 8 8 9 1 2 ACTUAL 1 1 2 , 3 9 , 6 0 6 9 , 7 9 2 5 6 0 3 days l , 3 4 5 , 3 S 7 S 1 1 , 5 5 4 7 6 7 3 2 , 5 7 8 , 8 6 8 , 9 8 AND M U N IC IP A L to 4 days 9 0 1 , 4 9 2 5 2 , 6 4 2 5 8 4 6 , 9 3 4 ' 2 5 , 4 2 0 1 , 6 9 9 , 6 3 3 7 0 9 , 8 7 6 5 , 0 4 6 3 5 , 4 8 3 3 7 8 , 4 ___ _____________________________________________________________ _ _ _ 5 6 ,9 7 5 IN D E B T E D N E SS 6 2 C IR C U L A T IO N 8 1 6 1 , 6 2 4 l , 8 8 8 WARRANTS Over 2 2 1 , 9 8 4 2 , 3 2 1 , 2 BY M A T U R IT IE S 90 days Total 6 , 2 4 4 6 5 2 , 8 0 1 2 , 9 4 2 2 6 0 , 8 9 4 3 1 5 3 , 9 8 2 2 1 4 5 , 2 4 5 27 l 4 1 9 St-3l66d Released for publication Friday morning, November 17, 1922J not earlier. F E D E R A L R E S E R V E A G E N T S 1 A C C O U N T S ( I n F F e F e d e d C o d e r a l R E S e r a l e r a R l e a l e s e r v e G o t e s o g o l d d E l i g i b l e p c e I s s A t i o e e r u o u n t L T e r a f r o m l l e r o f t h e C t e c i v l l R r e G o l d E l i g i b l e e e s e r v p a p T O T A L u t s t a F n d e d n d e r a i n g : a t e i n Y o r k P h i l a . C l e v . e R A T C L O S E d o s i c h f . d A O F o l l a t l a n B U r s S I N E S S N O V E M B E R 1 5 , 1 9 2 2 . ) t a C h 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 2 , 1 4 l g 2 1 4 d B o a r d , 2 0 0 5 4 0 7 9 5 4 5 , 4 , 5 0 5 , 1 3 4 32,240 3 3 , 3 6 0 1 0 2 2 1 , 3 1 1 3 5 2 4 6 , 0 9 0 2 6 , 7 6 0 1 0 5 , 6 0 5 9 6 3 , 5 5 9 1 3 1 , 1 0 2 2 , 4 0 0 4 i4 2 1 , 2 0 2 6 , 9 2 0 0 9 , 6 9 4 1 1 2 , 3 9 1 1 , 5 3 0 1 3 , 5 6 7 8 , 8 5 8 , 4 2 3 6 0 , 3 4 5 1 0 1 3 , 0 5 2 1 , 9 1 2 4 0 1 6 , 3 9 9 4 6 , 9 3 4 5 5 2 , 3 8 1 0 5 7 , 4 6 7 1 2 4 4 3 , 5 4 9 2 6 , 6 9 9 , 6 8 3 3 l 15,300 s 1 5 n e e e r u d B e 1 0 l d I d a d I F r h a n d 3 3 1 3 , 6 6 9 , 0 0 0 3 , 2 8 6 1 3 h e e r a 1 , 4 N e w 2 0 . 3 7 8 . . . f d 8 n 8 i v o s t o d o r o s a n 3 6 , 0 5 9 1 1 , 0 0 0 6 2 1 3 , 6 3 8 1 5 5 , 8 8 9 1 1 5 2 , 2 , S 5 , 0 7 3 0 5 & 2 , & 3 o 0 6 6 , 7 9 7 3 6 , 0 9 5 1 1 , 6 , 8 4 2 1 6 , 3 9 4 1 , 0 0 0 3 5 5 , 6 4 5 5 9 , 8 0 0 2 9 , 0 0 0 6 0 5 , 6 5 5 3 1 6 4 , 2 3 3 7 , 5 4 6 2 2 , 7 0 9 5 0 , 3 6 0 1 5 , 0 0 0 2 , 0 2 3 7 6 1 8 , 9 , 3 6 7 I 2 b , 4 9 & 1 , 5 7 6 , 0 3 8 - i r e e s B t t i f i c R . p e r f u F . I o f o r n q B s t s t a c a a o n c t o u n t u r e a m t e i t y - o u n t s r e t e l l a n p t e o a n d f u r t o u S o n u g e n E n e c o l d x C e G a m e r v A s e m o F s e e e r e d n o r v o l d L C R G E e t s e n o l d A m N s e r v U e R t e e O r l l a R R t h l E R 5 1 1 6 , 1 1 1 , 2 , 1 2 , 5 4 3 5 3 0 , 2 8 8 2 3 2 , 6 5 5 1,19 9 ,9 15 1 3 3 , 9 6 9 1 0 0 6 4 5 3 , 3 0 8 6 4 2 4 , 6 1 9 5 4 9 , 0 3 9 8x185. .. 4 8 4 , 4 1 5 2 5 4 , 6 9 5 , 9 7 .... 2 3 2 1 9 , 8 . . . 1 2 * 9 5 . 6 4 4 , 3 9 3 3 4 3 , 7 1 9 1 9 9 * „ 7 2 L 3 l 6 9 8 0 , 5 0 _ 4 2 6 , 7 5 5 4 , 9 , 3 8 1 — 3*523 7 6 5 6 , 6 9 2 1 3 5 , 7 4 4 7 6 . . . . 6 , 3 . 1 2 1 , 6 1 4 7 9 , 4 5 9 6 0 .... 6 2 , 9 7 4 1 _ C L 2 1 1 0 , 7 3 2 258*261 _ 0 1 7 7 , 6 5 5 1 2 4 , 7 2 6 5 2 0 , 9 6 3 6 , 5 1 9 , 6 7 7 7 5 9 2 , 4 1 8 6 3 , 3 3 3 3 , 2 3 , 5 6 1 , 7 8 1 2 5 , 2 2 , 0 7 8 , 9 0 1 ................8 7 8 , 9 9 5 1 9 , 6 7 S e s e r v e C o m r r e n 0 c y p 9 5 2 7 3 , 3 3 0 1 3 2 , 4 1 0 6 6 1 5 2 0 , 8 9 4 1 3 9 , 3 1 8 7 1 , 8 1 3 7 7 f r o m a n k : . 6 530,288 6 6 0 2 2 , 1 , 2 4 3 2 7 1 8 1 . 3 8 5 6 2 . 1 9 3 8 1 1 , 5 4 3 4 8 4 , 4 5 1 6 7 , 5 1 5 1 , 1 1 3 9 . 5 9 6 5 4 9 , 0 3 9 2 6 9 , 6 3 1 9 8 , 2 4 2 . 3 5 2 4 5 . 8 4 4 , 3 9 3 3 4 4 2 1 6 3 , 7 1 9 3 7 2 , 0 ... 3 9 8 7 , 5 7 1 9 8 0 , 5 0 4 2 7 5 , 6 4 4 3 1 , 7 3 1 5 6 , 6 9 2 4 . 3 , 9 6 4 5 4 , 7 8 0 1 3 0 , 4 5 5 5 , 7 4 0 1 9 1 3 . 9 1 7 7 , 6 5 2 5 3 6 1 2 4 5 5 1 9 6 , 4 9 3 , 1 3 8 7 1 , 1 9 3 , 7 6 2 580,96 3 6 , 5 7 ...
@FedFRASER