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STATEMENT FOR THE PRESS
St. 4315.
Federal Reserve :Bos.rd
November 13, 1924,
Released for publication
Friday morning, Nov. i4j
not earlier.
CONDITION OF FEDERAL RESERVE B.ANKS
The consolidated statement of condition of the Feder<:~.l reserve banks on November 12, made public by the Federal Reserve Board, shows furl".her increases of
$13,300,000 in holdings of acceptances ~urchased in open market ~a of $3,500,000
in Government securities, and a decrease of $5.000,000 in holdings of discountea
bills, Federal reserve note circulation went up $12~4oO,OOO, total deposits$56,4oo,ooo, cash reserves- $14,ooo,coo, and non-reserve cash- $6,4oo,ooo.
Declines of $14,600,000 and $4,300,000, respectively, in holdings of discounted
bills were reported by the Federal reserve barks of New York and San Francisco, ·
while the Cleveland bank shows an increase of $14,500,000 in its holdings, Boston ...
an increase of $3,600,000, and Philadelphia.- an increase of $2,100,000. The remaining banks report smaller changes in their holdings of discounted bills for tlie
week. Holdings of paper secured by U, s. Government obligations increased by
$200,000 to $95,300,000.
All Federal reserve banks report larger holdings of accep~es purchased in
open ms.rke t except New York, which shows a decline of $16,300,/ Ri"b''hlnond and
Minneapolis. The Boston reserve bank shows the largest increase- $9,200,000,
Chicago shows an increase of $7,000,000, San Francisco of $4,200,000 1 and Philadelphia of $3,600,000. The System's holdings of u. s. bonds increased by
$2,500,000, of Treasury notes by $300,000, and of certificates of indebtedness 'by
$700,000.
Increases in the volume of Federal reserve notes in circulation are shown for
all of the reserve banks except Chicago and Boston, which report declines of
$} ,,,1.00 ,000 and $1,800,000, respectively, and Iallas and San Francisco which report
a total decline of $1,100,000, The largest increase- $7,300,000- is shown for
the New York bank. Cleveland shows an increase of $4,700,000, Philadelphia of
$3, 4oo ,000, and Richmond of $1 ,6oo ,ooo.
A sumrr~y of changes in the principal assets ano liabilities of the reserve
banks during the week and the year ending November 12, 1924, follows:
Increase
or
decre~se
during
___
.
Week
+$14,000 ,000
+ 9,100,000
,;;.;.;:;__
Year
-$71' ~0.,000
- 86,100,000
Total earning assets ••
Bills discounted, total • • • , .
. •
secured by u.s. Government obligations , •
Other bills discounted • •
. •
+ 11,800,000
- 5,000 ,ooo
+
200,000
51200,000
- 85 t 900 ,000
-566 '900,000
-27 6 ' 200 , 000
-288,700,000
+ 13,300,000
- 20,300,000
+ 3,500,000
+ 2,500,000
+ 3001000
+ 700,000
+498 ,coo ,000
+ 26,6oo,ooo
+337,900,000
+133,600,000
Federal Reserve notes in circulation •
+12, 400 ,ooo
-433,800,000
Total deposits • • • • . . • •
Meniliers' reserve deposits
Go ve rnmen t aepo sits • • •
Other deposits
+56,4oo,ooo
+54, Joo , ooo
+ 3,bOO,OOO
- 1, 500,000
+253,000,000
+259,000,000
.. 11,500,000
+ 5,500,000
Total reserves • •
Gold reserves ••
.
Bills bought in open market
u. s.
Government securities, total , • • • •
Bonds . . . . . . . . . . . .
. . • .
Treasury notes • • • . . . . . . . . . .•
Certificates of indebtedness
w.
....
. .....
...
~ < / •••
St. 43l5a
Releasac1 fo:r publication F:rinay mcrnin,;, l~cV<3mb"r 14, 1'924.
REfOURC:i!:S AND LIAB ILP IES
0 F THE TWELVE .FFDEF.AL RESERVE BANKS COM3IN ©
(In tl1ousanc'ls of clollars)
Nov~_1_s__19 2~ ~.2!.~-~~_g~ Nc !=_l_l±_,__l92J.
RE S 0 URCE S
Goln with Feel eral :reserve agents • . .
•
G-c1c1 reel errpticn fun(! with U.s. Traasury • .
Gclcl helcl exclusively
agai~~F.R.nctes
G0lcl settlement func1 with F. R. Beard
Golc1 ann gclcl certificates haln br banks •
r.zictal 1olcl res 3rves •
.
..
Reserves other than gclcl .
.T_otal_rese~
Non-reserve cash .
Bills c1 iscoun tecl:
Sec. by U. S. Govt. obli"aticns
Other bills clisccuntacl •
Total bills Cl iscounted •
Bills bought in cpen market
U. s. Government securities:
Bon::is . . . . . . . . . . . .
Treasury notes •
.
Certificates of indebteclness
Total U.
s.
Government securities
All othe:r earning assets
Total
ea!E_~~ssets
5%
Reclempticn fund - F. R. Bank notes
Unccllectecl i terns
.
.
.
.
Bank p:remi ses • .
. . •
All cthe:r :resources . •
.
TOTAL RESOURCES
2,107' 168
54,748
--2,161,916
584,046
- 383,047
3,134,00j
75,370
3,209,379
72,860
1,970,011
27) 114
----1,997,125
6ol,642
449,115
3,047,882
90,065
3,137,947
41,731
1' 989 '213
33,070
----2, 027' 283
. *537' 118
424,370
-----*3,038,771
85,148
95,334
123,898
224,232
248,190
95,175
134,088
373,536
417,576
229,263
234,843
791' 112
268' 450
44,746
393,313
145,300
588,364
3,557
1,064,343
42,309
398,006
144,561
534,876
18,192
60,465
11,663
90,320
3,557
317
1,052,544
1' 150,199
28
737,899
56,162
13,945
5,290,472
*3, 123,919
35,355
*583, 315
60,743
655,893
60,751
27,439
5·,018,104
4,883,417
1,829,202
11816,817
2,263,048
507
2,172,354
33,424
29 '662
2,235,44o
6o6,73S
112,222
220,915
13,537
2,118,075
29,813
31,107
1,913,::-··j
2,178,995
541' 592
112,009
220,915
13,039
1,982,431
691,5C9
110,023
213,369
24,505
5,018,104
4,883,417
5, 290,472
25,929
35,709
-~7,541
L I AB I L I T I E S
F. R. notes in actual circulation
F. R. Bank notes in ci rculaticn - net
Deposits:
Member bank - :reserve account
Government . . . .
Other cl epo sits . .
'£_otal:_c_1_epos_i ts
Deferred availability i terns
Capital paicl in
.
Surplus • .
. • . .
. .
All othe:r ljabiltias • • . .
TOTAL LIABUITIES • •
Ratic of total :reserves to cleposit and
F. R. note liabilities combined
24, 1fj
77.2$
Contingent liability on bills purchas3d
fo:r foreign cc:rrespcro ents .
.
.
44, 3~--~
*Reviead figures.
BESOU!1CES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, NOVEMBER 12, 1924.
Boston:
Fada:ral Reserve Bank of
Gold with F3r'eral Rese-...ve k:-ents
138,503
Golct :re;l umpt i en fund with U.S. Tr;;:as.
4,332
RE S 0 URCE S
(In thousands of d olla:rs)
Naw York Phila. Clava.
Rich. Atlanta Chicago 5t.I,ouis iviinn. Kans.Cy. Dallas San Fran. Total
529,747 170,789 207,232 70,339 130,165 211,134 55,925 71,253 64,716 49,903 220,250 1,970,011
5,914
2,130
1,554
2,235
1,750
1,481
2,454
412
2,266
1,337
l,OS9
27,114
gold ~~lo ~x'?ll.ls i vely ~ina~
F. li. n(Jtss
---------·-Gold sat tlem""nt fun,1 with F. R.Boa:rd
C!old anc1 e;olt:l certif. he lei by ban..l{.s
192,335
35,356
21,167
535,661 172,969 203,766
185,995 33,539 56,167
216,72.6 27,944 lc, 748
'i'otal___gr:;>1 c1_r e~~:::ves
ResoriTes other than gold
2lt9 1903
9,991
Total reseT"ves
----------
259,399
4,021
938,384 234,502 233,701 115,337 160,414 l.J.c.ll) i 749. 95,443
4,483
6,355
3, 313
21' 053
7' 649 11,132 10,433
959,437 237,901 290,036 119,820 163,063 411,681 103,376
2,283
910
1,562 . 3, 363
2,189
15,&15
5,215
Non-reserve cash
Bills Clisc01.'ntec1:
S ec1;·re<1 by
u. s.
Gc·:t. ob1 i~ations
-
14,155
10,995
14,353
7, 745
72,624 131,915 212,615
26,161 20,969 103,703
16,552
7,530 E:4,431
7,594
22,991
Total
bills
---- - · ·d iscounteCl
Bills bought in open market
u. s. Goverl:'.men t securities:
B om s
Treasury note10
Certificates of int:lebtedness
1),;;::-59
~_.j.j;
-~?
~-1 .~..: )
1' '".
30,327
9,294
}:..:_,S-21
31,900
76,943
13,729
22,076
1,030
26,796
11,029
4,902
136,394
46,020
749
25,426
5, 277
5,115
38,511
21,410
1' 191
Total U.s. Gcvt. securi ti ss
All other earning as sets
38,355
167' 316
31 '452
3,300
65,036
4, 993
Other bills c1iscounted
7' 827
5,442
53,379
30,273
9,791
Total__earn!~.£ssets
Uncoll act eCl items
Bank prerni s es
All otl-,e:r resources
TOT'A.L RESOURCES
84,024
63,369
4,312
226
239,409
164,003
17,047
10,528
991
95,45') 100,752
1,187
2,750
601,642
4Ll9' 115
76,465 293,777 3,047,362
3,307
3,296
90,065
96,637 103,502
581
1, 73J
84,772 (!) 7' 073 3,137,947
2,660
41,731
1, 394
70, 584 126 '733
63,925 54,988
1,112
9,129
338
276
35,673
55,117
2,528
195
30,157
3,523
17,055
8,120
43' 436
23,942
93
5,537
1,202
5,796
605
2, 726
4,310
7,334
95,334
123,698
31' 503
15,315
10,834
5,630
6,996
1,314 10,150
3,331
13,645
12,194
28,246
224,232
248,190
1,520 15,765
1,438 53,142
791 18,742'
600
12,715
3,454
f:,754
15,068
4,7f8
2,164
24,492
9,107
1,834
19,469
6,542
1,122
42,056
17,163
44,746
398' 318
145,300
3,749
16,769
23,590
35,763
250
27 ,31+5
60,341
52f ,364
53,161
17' 23 7 44,572
3,052
4,596
-,.-!"
4,144
I JO
44,321
36, 252
1,912
3,289
8,862:
21,719
19,349
7,850
30,5E7
37,655
7
30,943 149,745
28,337 72,312
8,264
2,875
2, 014
1, 021
42,913
34,235
2,759
138
35,541
3.557
100,731 1,064,343
41,041
635' 393
3,165
60' 751
4,464
27,439
420,351 1,456,244 379,820 483,500 214,900 236,100 648,433 191,115 157,192 203,320 17 2' 440 449 , 1 84 5,013,104
c.
2.,~11
66,932 51,290 221,349 1,997,125
4,316
10,997
1,077
13' 27 2
-----------~-------.-----------------------
30,655
71,670
13,201
5,579
-- __ .r-_ --
,Ill.
............_
RES0URCES AND LIABILITIES OF WE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, NOVEMBER 12, 1924.
L I AB I L I T I E S
(In thousa:r:rls of dolla-rs)
.•
Beaton New York Phila.
Faoe:.:-al Raserve Bank of
F.R. nctss in actual circulation 196,534 365,262 159,880
Depcsits:
Membe-r bAnk - reserve account 138,984 852,424 122,895
5,082 3,308
2,455
C·c7e:rnmant
115
19,056
326
O"tih.:.r Clepcsits
14l,554 876,562 126,529
T J i s:;_~5?_C sits
58,029 122,·112 62,479
Defer~eo availability items
8,019
30,226 10,517
Cal)l tal p 3-id in
16,390
59,929 19,927
S1.1..rpl us
325
2,153
438
All other liabilities
420,851 1,456,244 379,320
~OTAL LIABILITIES
Ratio cf tjtal -reserves to ~ eposit
anc1 F. R. nota liabilities
33.1
comb in eel, per cent
76·9
77·3
Contincent liability on bills
purchased fer foreign
7,200
2,515
cc•·-respcn0ents
Cleve.
Rich. Atlanta Chicago St.Louis Minn. Kans. Cy. Dallas San Fran.
Total
212,765 82,972 137,405 203,382 55,952 72,420 71,958 57,835 211,837 1,829,202
5i}, J.l9
1,262
337
57,718
llL,874
3,262
7,4S4
1,4!4
4S3,500 214,900 236,100 643,438 191,115 157,192
179,436
2,540
1,204
183,180
49,"966
12,755
23,691
1,143
62,295 63,565 312,993 78,254
2,010
2,752 5,035 2,235
155
124 1,277 1,166
64,460 66,441 319,305 81,657
49,002 17,348 73,465 36,816
5,897
4,561 15,160 5,134
11,672 8,950 30,426 10,072
897
1,375
1,6eo
lH~4
-------·-------·----------------~-------·
73·3
3,034
81.3
1,478
82.4
1,141
78.8
3,863
78.5
~6,659
1~154
57, 64o
1,975
664
474
G8,477 60,089
33,420 41,005
4,344 4,140
9,496
7,577
625 1,794
208,320172,440
--------~
74.3
1,271
933
64.5
1,193
71.9
935
161 '090 2, 172,354
3,616
33,424
4,762
--------- 29,662
169,463 2,235,440
43,222
606,738
8,147
112,222
15,301
220,915
1,209
13,5g7
449-,184 5,018,104
77·9
1,971
25,584
FEDERAL RESERVE NOTES OUTST.A.."'DING AND IN ACTUAL CIRCULATION
F. R. nctes outstar~ing
221,640
F. R. nctes held by banks
25,106
F. R. r.cta1 in actual circulation 196,534
75,305 73,560 63,394 250,354 2,255,532
2,885 6,602 5,559 38,517_ 42~330
72,420 71,958 57,835 211,837 1,829,202
DISTRIBUTION OF BILLS, MINICIPAL WARF.ANTS AND U. S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES
Within 15 clays 16 to 30 days
31 to 60 days
61 to 90 clays
From 91 clays
Over 6 months
Total
to 6 months
415
137,645
28,195
34,014
15,239
8,724
224,232
Bills discounted
248,190
74,489
46,126
74,404
46,145
7,026
Bills bought in open market
U. s. Certificates cf indebtedness
l45,300
6s, 341
?Q.......'· Pl~ , .
Municipal warrants
7
t
http://fraser.stlouisfed.org/
Federal__Reserve Bank of St. Louis
.::........._
~
--··
---
- ~~
----------
.,_
.........._
609,413 195,776 230,974 90,423 154,190 222,113 63,385
244,156 35,896 18,209 7,451 16,785 13,731 6,433
365,262 159,320 212,765 82,972 137,405 203,382 56,952
-
---
Releasoo
J
or :puoucation F'riday morning, November
14, 1924; not earlier.
FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF' 'BUSINESS, NOVEMBER
12, 1924.
(In thousands of dolJars)
Federal Reserve Agent at
Boston
New York
Phila.
Cleve.
Rich. Atlanta Chicago St.Louis
l~nn.
Kans.Cy. Dallas San Fran.
Total
RE S 0 URCE S
Federal Rese:r·ve Notes on hand
67,350
Fede:.~al :l<".sGr7e >::.otes outstanding221 ,640
Colia·iiera.l sccw:i ty for Federal
Reserv8 notes outstanding:
Geld mo gold cert.ificates
35.300
Gold reck>.rrJption fund
15,203
GJ Jd fu1d - F, R. Board
138,000
El.i.g·t0la paper 1\LI·.:n.m t re qlli red
33' 137
Excess 2.mount helo
12,032
TOTAL
251,960 49,160 49,070 31,165 69,015 24o,920 26,300 15,994 26,853 19,397 71,900 919,084
609,418 195,776 230,974 90,423 i54,190 222,113 63,385 75,305 78,560 63,394 250,354 2,255,532
193,531 7,800 3,780
3,500
30,216 l2,6cO 13,452 2,594 5,665 5,489
301,000 150,389 185,000 67,795 121,000 205,645
79,611 24,987 23,742 20,034 24,025
18,441 3,885 35,888 10,278 2,973
8,985 13,052
14,556
290,504
3,94) 1,206
4,356 3,347 18,804 117,372
43,000 57,000 60,360 31,500 201,446 1,562,135
10,979 7,460
50,954 18,675
4,047 13,844 13,491
1,742 3,273 3,057
}0,104
9,946
285,521
171,144
522,662 1,489,237 444,597 546,906 222,289 380,368 736,100 171,745 168,346 187,246 149,242 582,554 5,601,292
L I AB I L I T I E S
Net amount of Federal Reserve notes
recei. ved from Comptroller
·of the Currency
288,990
861,378 244,936 280,044121,588 223,205 1!63,033 89,685 91,299 105,413 82,791 322,254 3,174,616
Collateral received from
Federal reserve bank:
Gold
Eligible paper
529,747 170,789 207,232 70,389 130,165 211,134 55,925 71,258
98,112 28,372 59,630 30,312 26,998 61,933 26,135 5,789
TOTAL
w.
188,503
45,169
64,716 49,903 220,250 1,970,0ill
17,117 16,548 4o,050
456,665
522,662 1,489,237 444,597 546,906 222,289 380,368 736,100 171,745 168,346 1S7,246 149,242 582,554 5,6o1,292
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