The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEIVIENT FOE THE PRESS Released f o r p u b l i c a t i o n F r i d a y morning, Nov. 1 3 ; not e a r l i e r . S t . 4718 Federal Reserve Board, November 12, 1925CONDITION OF FEDERAL RESERVE BANKS Wednesday, November 1 1 , h a v i n g been observed as a l e g a l h o l i d a y by most of t h e F e d e r a l r e s e r v e b a n k s and b r a n c h e s , t h e F e d e r a l R e s e r v e B o a r d ' s weekly s t a t e m e n t of c o n d i t i o n of t h e F e d e r a l r e s e r v e banks was i s s u e d as of Tuesday, November 10. The s t a t e m e n t shows a d e c r e a s e f o r t h e week of $ 5 6 , 2 0 0 , 0 0 0 i n h o l d i n g s of b i l l s and s e c u r i t i e s and of $ 2 , 1 0 0 , 0 0 0 i n Fed e r a l r e s e r v e n o t e s i n c i r c u l a t i o n , and an i n c r e a s e of $ 1 0 , 2 0 0 , 0 0 0 in c a s h r e s e r v e s • H o l d i n g s of d i s counted b i l l s d e c l i n e d $ 7 1 , 7 0 0 , 0 0 0 , w h i l e h o l d i n g s of a c c e p t a n c e s p u r c h a s e d in open market and pf U. S. Government s e c u r i t i e s i n c r e a s e d $ 1 0 , 2 0 0 , 0 0 0 and $3,800,000, r e s p e c t i v e l y . All F e d e r a l r e s e r v e b a n k s show s m a l l e r h o l d i n g s of d i s c o u n t e d , b i l l s w i t h t h e e x c e p t i o n of B o s t o n and C l e v e l a n d , w h i c h r e p o r t i n c r e a s e s of $ 3 , 6 0 0 , 0 0 0 and $4, 300,000, r e s p e c t i v e l y . The p r i n c i p a l d e c r e a s e s i n d i s c o u n t h o l d i n g s were as f o l l o w s : New York $ 3 8 , 1 0 0 , 0 0 0 , San F r a n c i s c o $ 9 , 9 0 0 , 0 0 0 , Chicago $ 9 , 5 0 0 , 0 0 0 , S t . Louis $ 8 , 6 0 0 , 0 0 0 , P h i l a d e l p h i a $ 4 , 2 0 0 , 0 0 0 , and A t l a n t a $ 3 , 1 0 0 , 0 0 0 . The o t h e r banks show a t o t a l r e d u c t i o n of $ 6 , 2 0 0 , 0 0 0 i n d i s c o u n t h o l d i n g s . H o l d i n g s of a c c e p t a n c e s b o u g h t i n t h e operv market i n c r e a s e d $ 8 , 9 0 0 , 0 0 0 a t t h e F e d e r a l Reserve Bank of B o s t o n , $ 5 , 3 0 0 , 0 0 0 a t A t l a n t a , and $ 3 , 8 0 0 , 0 0 0 a t San F r a n c i s c o , w h i l e t h e F e d e r a l R e s e r v e Banks of Kansas C i t y and M i n n e a p o l i s r e p o r t d e c r e a s e s of $ 2 , 3 0 0 , 0 0 0 and $2,200,000, r e s p e c t i v e l y . Treasury c e r t i f i c a t e s on hand went up $ 4 , 4 0 0 , 0 0 0 and T r e a s u r y n o t e s d e c l i n e d $ 6 0 0 , 0 0 0 , w h i l e h o l d i n g s of U. S. bonds remained unchanged. The p r i n c i p a l c h a n g e s i n F e d e r a l r e s e r v e n o t e c i r c u l a t i o n d u r i n g t h e week c o m p r i s e a d e c l i n e of $ 7 , 2 0 0 , 0 0 0 r e p o r t e d , by t h e New York bank, and i n c r e a s e s of $ 1 , 9 0 0 , 0 0 0 and $ 1 , 7 0 0 , 0 0 0 , r e s p e c t i v e l y , r e p o r t e d by San F r a n c i s c o and Cleveland. A summary of changes i n t h e p r i n c i p a l a s s e t s and l i a b i l i t i e s of t h e r e s e r v e banks d u r i n g t h e week and t h e y e a r end ing November 10, 1925, f o l l o w s Increase or decrease Year Week $10,200,000 - $247,400,000 268,800,000 - 56,200,000 71,700,000 54,000,000 17,700,000 + + + + 195,500,000 340,400,000 180,900,000 159,500,000 + 104,500,000 + + B i l l s discounted, t o t a l . . . . . . Secured by U.S. Govt, o b l i g a t i o n s Other b i l l s d i s c o u n t e d - - 6,600,000 B i l l s bought i n open market .. . . • + 10,200,000 U. S. Government s e c u r i t i e s , total . + 3,500,000 — Treasury n o t e 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 % . . Federal reserve notes in c i r c u l a t i o n . during + 600,000 4,400,000 - 2,100,000 — - - 26,300,000 13,500,000 8,100,000 - — 254,300,000 .12,900,000 155,200,000 112,000,000 - 117,900,000 — + - + + - 53,300,000 59,800,000 11,100,000 Releasee' f o r p u b l i c a t i o n F r i d a y morning, November 13, 1925.1 n o t e a r l i e r , St.%7l8& RESOURCES AH) LIABILITIES OF THE TWELVE FED3EAL B2SE2VE BA3KS COMBINED ( i n t h o u s a n d s of d o l l a r s ) Nov, 10, 1925 N o v . A 1925 Nov. 12, 192% R E S O U R C E S fi-old w i t h F e d e r a l r e s e r v e a g e n t s 1,356,016 1,332,277 1,970,011 Oold r e d e m p t i o n fund w i t h U. S- T r e a s u r y . 50,732 %9,99% 27,11% Gold held e x c l u s i v e l y a g a i n s t F. R . n o t e s 1 , 4 0 6 , 748 1 , 3 8 2 , 271 1,997,125 Cold s e t t l e m e n t fund w i t h F. R. Board . . Gold and gold c e r t i f i c a t e s held by banks . T o t a l gold r e s e r v e s Reserves o t h e r than gold 737,833 63%, 530 2,7/9,11*6 Ill,38b 753,252 637,0%0 2,772,563 107,718 601,642 %%9, H 5 3,0%7,882 90,065 2,830,502 2,880,281 3,137,9%7 47,167 46,901 41,731 276,229 288,431 330,229 306,109 95,33% 128,898 564,660 352,687 636,33& 342,453 224,232 248,190 57,632 2%3,122 33,254 57,632 243,?40 22,853 44,746 398,318 1%5,300 334,008 3,720 4,799 1,259,874 640 702,177 61,632 18,089 330,225 3,220 3,300 1,316,036 640 687,010 61,593 IS, 282 588,364 3,557 % 1,064,343 478 685,£>93 60,751 26,96l 4,980,081 5,010,743 5,018,104 1,711,275 1,713,422 2,232,173 22,29% 11,988 22,288 2,2%5,629 30,363 11,473 27,515 1,829,202 . 2,172,354 . 33,424 ^ 10,070 * 19,592 2,288,7%3 2,315,000 2,235,440 628,462 116,659 217,837 17,105 631,239 116,653 217,837 lo,592 60o, 7-38 &1^» 222 . 520,515 ' 13,587 4,980,081 5,010,743 5,018,104 Total r e s e r v e s Hon-reserve c a s h . . . B i l l s discounted: Sec. by U.S.Government o b l i g a t i o n s . . . Other b i l l s d i s c o u n t e d Total b i l l s discounted B i l l s bought i n open market ' U. S. Government s e c u r i t i e s : Bonds Treasury notes 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 T o t a l U. S. Government s e c u r i t i e s . Other s e c u r i t i e s F o r e i g n l o a n s on gold T o t a l b i l l s and s e c u r i t i e s . . . . Due from f o r e i g n banks Uncollected i t e m s • . . . . Bank p r e m i s e s All o t h e r r e s o u r c e s . . . . . . . . . . . TOTAL RESOURCES . . . . . . . L I A B I L I T I E 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 . . . . Deposits'. Member bank - r e s e r v e account . . . . . Government F o r e i g n bank . . . . . . Other d e p o s i t s Total d e p o s i t s . . . . . Deferred a v a i l a b i l i t y items Capital paid i n Surplus All other l i a b i l i t i e s TOTAL LIABILITIES . S a t i o of t o t a l r e s e r v e s t o deposit, and F. R. n o t e l i a b i l i t i e s combined . . . . 72.3^ 71*5$ 77*2% Contingent 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 f o r e i g n correspondents 3l,Ob3 36,811 . 25,584 c. • RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 10, 1925. (l® 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 S s H_B;_notes f 2Lo^_eo^es_erves R e s e r v e s o t h e r t h a n gold T£^y-_Z§se2ZSi Nm-reserve cash D i l l s discounted : Secvrod by U , S , G o v t , o b l i g a t i o n s Other b i l l s d i s c o u n t e d Total b i l l s discounted B i l l s bought hi open market TJ. Government s e c u r i t i e s : ®ora1s S t . 4718b "?1 S a B -55 "is'-li «g gg ss ass fts ",:s sw s® is •£:$ :ai an; « 95,037 186,083 1,7,144 377,037 138,687 183,831 6 4 , 4 i s 106,556 117,638 995,879 209,720 294,904 1 0 3 , 0 7 6 140,952 333,693 25,313 7,799 6,79 8 4,578 6 , 9 6 0 15,096 203,227 1,021,192 217,429 301,702 107,654 147,912 348,789 16,698 65,518 34,616 20,770 185,942 1 , 4 0 6 , 7 4 8 54,359 "92,336 10,294 1,636 70,3i™4i,m-2^i:ii9_i77B7li^ 4,143 5,822 5, 893 111,386 64,653 94,472 74.457 4,362 17,326 1,354 1,823 3,247 3,146 6,428 2,720 7 00 1,804 1,692 2,565 47,167 12,860 31,78 6 44,646 76,531 90,582 62,554 153,136 32,309 27,912 1 7,796 45,708 16,091 42,034 35,6l6 77,650 11,944 14,816 27,880 42,696 5,147 4,696 17,965 22,661 55,806 36,948 29,133 66",081 34,583 6,611 15,995 22,606 20,585 1,011 3,037 4,09s 9,286 3,899 12,242 i6,i4i 28,367 1,283 6,058 9,341 29,225 31 <=77 23,'319 59^396 32,763 276 22° 288,'431 564,660 352,687 537 1,257 535 7,965 1,191 842 19,928 1,521 7,558 9,639 50,903 258,112 2,890,502 6,553 56 57,632 jj-eastiry n o t e 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 1,993 5,952 56,007 5,190 11,428 7,050 21,989 1,026 4,253 - 12,406 1,766 24,6ll 1,072 18,873 93 9,020 23,482 1,998 22,779 1,510 36,28 1 7,597 243,122 33,254 gotai'U-S. Gov't, s e c u r i t i e s other securities F o r e i g n l o a n s on gold 8,482 355 62,454 1,296 19,063 3,120 446 30,980 514 5,444 254 15,014 45,6ll 662 20,487 221 16,578 158 35,119 600 192 30,842 43,934 168 336 334,008 3,720 4,'799 T o t a l b i l l s and s e c u r i t i e s Due from f o r e i g n banks U n c o l l e c t e d items Bank p r e m i s e s All other resources 130,064 65,146 4,190 139 249,195 640 lb2,239 17,189 4,300 63,899 30,120 40,057 1 6 , 3 9 4 4,750 3,047 334 2,794 80,419 43,673 4,691 751 6 9 , 5 7 6 136,929 1 , 2 5 9 , 8 7 4 640 31,965 42,627 702,177 1,834 3,324 61,632 1,283 4,010 18,089 TOTAL RESOURCES 84,428 121,088 5 3 , 5 4 l 6 0 , 2 7 6 58,772 5 7 , 9 4 8 1,334 7,948 2,446 273 367 463 197 9 3 , 6 7 8 146,937 38,397 8 4 , 6 8 3 2,780 8,099 2,192 1,183 407,128 1,472,081 365,094 491,700 225,299 288,105 596,119 176,413 147,527 205,795 157,253 447,567 4,980,081 L I A B I L I T I E S F. E. n o t e s i n a c t u a l c i r c u l a t i o n Deposits: Member bank - r e s e r v e a c c o u n t Government F o r e i g n bank Other deposits Total deposits D e f e r r e d a v a i l a b i l i t y items Capital paid in Surplus All other l i a b i l i t i e s RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 10, 1925. ( i n t h o u s a n d s of d o l l a r s ) Boston New York P h i l a . C l e v e . Rich. A t l a n t a Chicago S t . L o u i s 169,034 353,995 1 4 4 , 9 7 3 225,ISO 85,007 156,695 147,406 4 0 , c 4 0 146,578 2,634 150 • 170 F . R . n o t e s i s s u e d t o F.R. Bank C o l l a t e r a l -held as s e c u r i t y f o r F.R. n o t e s issued t o F.R. Bank: Gold and gold c e r t i f i c a t e s Gold r e d e m p t i o n fund Gold fund - F. R. Board E l i g i b l e paper Total c o l l a t e r a l 6,o4o 1,306 1,515 12,265 252 1,093 10,509 217 1,112 84,158 324,156 79,808 51,726 85,118 107 1,781 2,091 1,470 839 1,025 61 852 749 179 1,268 83 43 280 93 67 51 257,353 69,180 188,173 35,300 11,166 40,000 121,227 207,69 3 . t 3,4l4 1,468 1,211 1,505 5,066 1,689 „ „ ^ 3,010 7,475 1 23,226 3 3 , 5 3 5 16,509 1 3 , 5 9 0 2 1 , 9 1 0 1 9 , 5 7 ^ 6,609 FEDERAL RESERVE NOTE ACCOUNT^ OF FEDERAL RESERVE AGENTS 748,981 211,308 280,209 132,897 223,905 4 3 0 , 3 9 0 72,349 87,463 98 , 798 10,2o4 3,923 1,946 271,760 32,800 38,520 31,300 50,300 263,407 25,700 477,221 178,503 241,689 101,597 178,605 166)983 ^ , 6 4 9 156,697 4,400 8,780 21,160 27,650 9,892 13,077 4,578 156,000 113,389 160,000 36,000 l4s,203 51,972 89,588 44,457 63,370 168,763 2,232,173 1,348 71 76 1,133 22,294 142 11,988 5,280 22,-288 175,318 2,288,743 628,462 42,160 8,232 116,659 217,837 15,071 439 , 780 105,640 6,453 16 t o 3 0 days 31 t o 60 days 35,232 60,529 517 56,540 98,609 1,380 1,285 2,570 37,063 4,688 46,345 315,613 69,611 314,306 2,93/f570 90% 652 17,100 25,033 17,782 62,800 70,363 73,765 51,829 251,506 2,0261888 W 303,330 10,230 /10,575 13,052 13,136 101,276 6,546 4,201 1,264 1,750 2,001 2,686 16,465 86,000 110,645/ 4,000 1*9,000 28,360 2,500 165,516 951,410 78,409 9 ^ 2 1 0 43,182 12,786 44,226 38,536 91,817 _ 86] 518,550 1 7 9 , 6 5 3 271,445 106,195 181,185 21 MATURITY DISTRIBUTION OF BILLS W i t h i n 15 days B i l l s discounted B i l l s b o u g h t i n open market 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 188 67,069 Minn. Kans.Cy. D a l l a s San Fr an. T o t a l 67,353 66,290 4 7 , i 4 l 205,161 1 , 7 1 1 , 2 7 5 149,532 825,993 133,302 175,517 68,331 86,083 327,379 82,120 52,811 87,#92 64,865 62,581 137,138 54,553 54,096 50,236 30,484 73,095 38,290 15,539 37,973 32,317 8,553 32,149 11,521' 13,044 5,979 4,647 15,624 5,127 3,184 4,262 4,337 16,382 58,749 20,059 22,462 11,701 8,950 30,426 9,971 7,497 8,977 7,592 17,105 1,625 1,046 4,057 686 1,401 1,045 1,246 2,189 S65 1,143 801 1,001 407,123 1,472,081 365,094 491,700 225,299 288,105 596,119 176,413 147,527 205,795 157,253 447,567 4 , 9 8 0 , 0 8 1 48.4 45.4 67.8 72.3 63.8 82.4 78.1 75-3 68.9 60.9 73.5 78.6 TOTAL LIABILITIES Reserve r a t i o (per cent) 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 chased, f o r f o r e i g n c o r r e s p o n d e n t s 2,717 F. R. n o t e s on hand ( n o t e s r e c ' d f r o m F . R . A g e n t l e s s n o t e s i n c i r c u l a t i o n ) 19,139 F . R . n o t e s r e c ' d from C o m p t r o l l e r F . R . n o t e s h e l d by F. R. Agent 857,179131,556172,692 S t . 4718c 59,021 76,588 7 4 , 5 8 7 56,858 273,798 2,2 of °> JD CERTIFICATES OF INDEBTEDNESS 6 l t o 90 days*' 23,663 71,671 Months° 9,134 16,238 4,689 Over 6 months 311 20,215 Total 564,660 352,687 33,254 t*io?
@FedFRASER