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STATEMENT 'FOR THE PRESS Released._f cm :pribl ica-t i o n .Friday morning-, Nov. 2 0 ; not e a r l i e r . st. U727 F e d e r a l R e s e r v e Board, November 1 9 , 1$25. CONDITION OF FEDERAL'RESERVE BANKS The c o n s o l i d a t e d 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 on November 18, made p u b l i c by the F e d e r a l R e s e r v e Board, shows a n i n c r e a s e of $'3,600,000 i n b i l l s and s e c u r i t i e s a n d of $ 1 4 , 6 0 0 , 0 0 0 i n cash r e s e r v e s , t o g e t h e r w i t h a d e c l i n e of $ 3 , 2 0 0 , 0 0 0 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 . Holdings of d i s c o u n t e d b i l l s went up $ 1 , 7 0 0 , 0 0 0 , h o l d i n g s of a c c e p t a n c e s p u r chased i n open market $ 2 , 3 0 0 , O X , and F o r e i g n l o a n s on gold $ 1 , 0 0 0 , 0 0 0 , w h i l e Government s e c u r i t i e s d e c l i n e d $ 7 0 0 , 0 0 0 . Gold r e s e r v e * i n c r e a s e d $ 3 , 1 0 0 , 0 0 0 , Other cash r e s e r v e s $ 1 1 , 5 0 0 , 0 0 0 , and n o n - r e s e r v e c a s h $ 2 , 4 0 0 , 0 0 0 . Discount h o l d i n g s of t h e F e d e r a l R e s e r v e Bank of San F r a n c i s c o went down $ 9 , 6 0 0 , 0 0 0 , t h o s e of Chicago - $ 9 , 5 0 0 , 0 0 0 , New York - $ 5 , 2 0 0 , 0 0 0 , and Boston and Richmond - $ 3 , 0 0 0 , 0 0 0 e a c h . At t h e P h i l a d e l p h i a bank, d i s c o u n t s went u p $$,200,000, a t S t . Louis $5,000,000, A t l a n t a $5,700,000, Cleveland $4,$00,000, and Kansas C i t y and M i n n e a p o l i s - $ 3 , 0 0 0 , 0 0 0 and $ 2 , 7 0 0 , 0 0 0 , r e s p e c t i v e l y . An i n c r e a s e of $ 9 , 9 0 0 , 0 0 0 i n o p e n - m a r k e t a c c e p t a n c e h o l d i n g s " i a r e p o r t e d by the F e d e r a l Reserve Bank of A t l a n t a , a n i n c r e a s e of $ 4 , 7 0 0 , 0 0 0 oy B o s t o n , $ 3 , 4 0 0 , 0 0 0 by S t . L o u i s . The New York bank shows a r e d u c t i o n of $ 6 , 1 0 0 , 0 0 0 i n a c c e p t a n c e h o l d i n g s , and Kansas C i t y a r e d u c t i o n ' o f $ 3 , 8 0 0 , 0 0 0 , w h i l e the o t h e r banks r e p o r t s m a l l e r changes f o r t h e week. T r e a s u r y n o t e s on hand i n c r e a s e d $ 1 , 2 0 0 , 0 0 0 , w h i l e h o l d i n g s of U. S. bonds went down $ 1 , 3 0 0 , 0 0 0 and of T r e a s u r y c e r t i f i c a t e s - $ 6 0 0 , 0 0 0 . The p r i n c i p a l changes 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 comprise a n i n c r e a s e of $ 2 , 8 0 0 , 0 0 0 r e p o r t e d by t h e F e d e r a l R e s e r v e Bank of New York, and d e c r e a s e s of $ 2 , 8 0 0 , 0 0 0 and $ 2 , 2 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 C l e v e l a n d and P h i l a d e l p h i a . 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 e n d i n g November 18, 1925, f o l l o w s : ' Increase Total reserves , Gold r e s e r v e s T o t a l b i l l s and s e c u r i t i e s . . . . Bills discounted,total, Secured by U . S . G o v t , o b l i g a t i o n s Other b i l l s discounted . . . . or decrease during We ek Year + $14,600,000 ** $238,100,000 + 3,100,000 + + + 3,600,000 1,700,000 4,300,000 2,600,000 B i l l s bought i n open m a r k e t . . + 2,300,300 U. S. Government s e c u r i t i e s , t o t a l 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 . . + 700,000 1,300,000 1,200,00b oOO.OOO - 268,600,000 + + + 164,800,000 332,500,000 195,800,000- 136,700,000 79,700,000 + 253,800,000 12,100,000 - 112,600,000 - 153,300,000 Federal reserve notes in c i r c u l a t i o n - 3,200,000 - 115,400,000 Total d e p o s i t s . . . . . . . Members' r e s e r v e d e p o s i t s Government d e p o s i t s . . . + 33,200,000 28,600,000 + + + 51,500,000 45,500,000 300,000 C. + 2,700,000 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 morning*. November 20, 19-25 ; n o t e a r l i e r . S t . 47275 RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAiHS COMBINED ( I n tno-usands of d o l l a r s ) Nov. 18. H-25 NOV. 1 0 . 1925 Nov.19,1924 R E S O U R C E S Gold w i t h F e d e r a l r e s e r v e a g e n t s , . , . Gold r e d e m p t i o n f u n d w i t h U.S. T r e a s u r y 1,355,579 Gold h e l d 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 Gold s e t t l e m e n t f u n d w i t h F . R. Board . Gold and gold, c e r t i f i c a t e s h e l d by banks 1,415,022 .! T o t a l gold r e s e r v e s R e s e r v e s o t h e r t h a n gold . . :' Total reserves Non-reserve cash . . . . . 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 . . . . . . . . 62,443 724,982 639,245 2,782,249 122,836 2,905,065 1,356,016 50,732 1,406,748 737,838 634,530 2,779,116 111,386 2,890,502 1,933,981 38,620 1,972,601 610,131 468,036 3,050,818 92,411 3,143,229 43,005 49,546 47,167 280,534 285,832 283,431 276,229 84,680 149,164 566,366 564,660 233,844 354,920 352,687 275,245 56,352 32,655 57 , 632 243,122 33,254 44,243 397,568 145,266 333,279 3,150 5,701 334,008 3,720 4,799 587,077 2,550 1,259,674 640 702,177 1,098,716 18,10g 18,089 26,701 5,115,368 4,980,081 5,086,934 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 a c c o u n t . . . . Government F o r e i g n bank . Other d e p o s i t s . . . . . . . . . . . . 1,708,050 1,711,275 1,823,460 2,260,822 24,975 12,999 2,215,346 23,103 2,232,173 22,294 11,933 22,23c 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 o t h e r l i a b i l i t i e s . . . 2,321,899 733,512 2,283,743 623,462 217,537 17,257 217,537 TOTAL LIABILITIES . . . .. . . 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 . . . 5,115,368 ; Total b i l l s discounted . . . B i l l s bought i n open m a r k e t . . . . . ... 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 8 and s e c u r i t i e s . . Due from f o r e i g n banks . . Uncoilected items . . . , . . . . , . , 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 244,272 1,263,476 671 216,673 61,809 61,632 478 713,720 61,085 L I A B I L I T I E S 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 116,313 24,667 8,922 21,510 2,270,445 116,659 646,230 112,241 17,105 13,643 4,930,031 220,915 5,086,934 72.1$ 72.3$ 76.8$ 36,348 37,063 27,174 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BASKS ON NOVEMBER I S , 1925. ( 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 S k S : u s s S r S t k i . r j j _ J g ; j 1 , 0 r S O t h J ^ L r ' ^ B S L ! ^ n \ : t - ^ 8 " " TOTAL RESOURCES i % r | t , f T 7 974 : V r U 1 a a 1 3 1 ' 3 9 ° : l 1 j'o50 1,533 2 3 9 I ' ^ I : '741 - g : t B 3 °'? S 0 3 S ^ a s ^ t : : ^ 5 % :^ l 3 : : : r i l | 15,183 45 : : : 137,687 ":S I E l g I % i : : t J:i» I , i | % ' . H i % : l 7:S§ 2 : 8 35-25 1*1 1 1 1 : 9 : i '*6 % $ m *•*« 1 % '735 " g 1 ^ 610 124 % % 0 '530 91 » : g % 3 £ £ l i L - S n V k S _J»22 . ! 0. % % : F o r e i g n l o a n , on gold r ' g g T « * • — *» f r ^ ' g g st lb F -™ 4 : | 33,'as 'IBS 228 I S 31:016 43;935 ~2C0 333-279 ~ " y,S 75.sTi.T7l 77,# 67,373 1 . 6 , 3 4 6 1,263,'h76 % % 1 @ I g I 411,331, 1 , M s , 9 6 5 378,509 512,011 244,367 296,413 608,900 125,378 151,951 214,721 1 5 9 , 7 3 3 4 5 f # 3 ^ T T I ^ 3 6 i ~ L 3 I L I T I E S • RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 18, I j c ; . ( I n t h o u s a n d s of d o l l a r s ) Boston New York Phila, Clave. Rich. A t l a n t a Chicago S t • L o u i s F. R. n o t a s i n a c t u a l c i r c u l a t i o n De-posits : ilsuiber "bank - r e s e r v e account Government F o r e i g n rank Other d e p o s i t s 168,351 356,779 142,744 222,U10 88,456 155,818 148,251 143,223 2,546 150 864,565 135,689 184,778 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 i n Srplus' All o t h e r l i a b i l i t i e c 146,112 TTAL LIABILITIES 193 70,83b 1,410 138 69,197 84,070 322,59s 2,297 217 1,334 1,035 891,675 137,76O 188,b26 155,504 65,722 64,001 32,153 H , 5 2 l 13,090 70,471 66,659 5,978 11,520 11,455 473 107 82 -,159 S3 117 1,221 280 854 86,429 325,553 39,231 86,860 Minn. Kans.Cy* D a l l a s San F r a n . Total 39,526 67,990 66,849 46,640 204,176 1,708,050 83,323 2,231 54,792 1,478 88,908 67 81 1,171 56,925 56,62b 93 1,278 289 62,467 1,286 42,843 15,560 91,44b 42,336 1,769 167,212 2,260,822 2,761 142 5,778 24,975 12,999 23,103 64,383 175,893 2 , 3 2 1 , 8 9 9 35,782 4 8 , 0 9 2 • 733,5^2 4,657 15,71s 5,127 3,185 4.262 4,3)7 8,232 116,813 l b , 182 58,743 20,059 22,462 11,701 3,950 30,426 9,971 7,497 s , J 7 7 7 ; 5 9 2 15,071 217,537 1,100 17,257 1,328 2,101 926 1,087 301 -DS9 1,613 4,105 703 1,422 1,072 411,334 1,498,965 375,509 512,011 244,367 290,413 608,909 185,378 151,951 214,721 1 5 ^ , 7 3 3 453,077 5,115,36s 72.1 70.5 62.8 82.8 75.2 73.4 72.3 54.5 75.0 45.8 77.0 51.3 4 51.3 8,553 R e s e r v e r a t i o (per c e r t ) C o a t i u g a r t l i a b i l i t y on b i l l s p u r 2,717 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 F E , n o t e s on hand f n o t e s r e e ' d f r o m F.R.Agdnt l e s d n o t e s i n c i r c u l a t i o n ) 1 9 , 1 3 7 F,R„notes r e o ' d from Comptroller F , E . n o t e s h e l d by ? . R. Agent F . P . 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 hold a s s e c u r i t y f o r F . P . n o t e s i s s u e d t o F.R. Bank: G r d i and gold c e r t i f i c a t e s Gold redeurption f u n a Gold f u n d ~ F. R. Board E l i g i b l e paper Total c o l l a t e r a l 4,132 it. 4727( 10,049 3,414 3,928 1,946 1,505 5,066 1,689 1,211 1,463 1,285 2, 570 36,848 116,521 36,932 21,891 14,846 21,420 18,946 6,236 2,165 7,643 5,414 47 , 647 318,203 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 253,468 65,980 745,060 211,876 282,3a 131,742 226,398 429,404 71,522 8 7 , 7 7 5 99,530 69,136 271,760 32,200 38,020 28,440 49,160 262,207 25,700 17,620 25,033 I f , 0 ^ 2 187,488 473,300 179,676 244,301 103,302 177,233 167,197 45,822 70,155 74,497 52,054 35,300 17,281 30,000 122,933 205,514 186,698 4,400 8 , 7 8 0 21,160 10,200 10,575 27,650 11,459 13,688 3,423 8,358 4,201 1,437 156,000 111,389 160,000 47,500 68,000 110,645 3,500 141,429 61,345 93,140 43,150 93,950 91,448 54,564 511,777 1 8 8 , 5 9 3 275,608 1 1 5 , 2 3 3 180,508 206,294 70,076 315,423 2,923,655 63,600 896,802 251,823 2 , 0 2 6 , 8 5 3 13,052 15,136 902 3,234 3,212 16,169 51,000 31,360 1,500 168,370 14,418 43,661 36,132 31,956 79,372 78,255 55,920 256,4§5 305,301 111.014 939=264 878,126 2,233,705 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS W i t h i n 15 days B i l l s discounted B i l l s bought 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 . 438,585 101,396 4,878 16 t o 30 days 31 t o 60 days 36,883 64,868 346 105,935 55,854 61 t o 9O da^a25,107 66,519 91 days to 6 months 9,627 lo,212 4,689 Over 6 months 310 20,742 Total 566,366 354,080 • 32,655
@FedFRASER