Board of Governors of the Federal Reserve System (U.S.), 1935- and Federal Reserve Board, 1914-1935. "November 23, 1923," H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks (1923-11-23). https://fraser.stlouisfed.org/title/83/item/66787, accessed on April 27, 2025.

Title: November 23, 1923

Date: 1923-11-23
PREVIOUS | NEXT
Page 1
image-container-0 St. 3803 Feoe ral R·.3 serve Board, November 22, 1923. CONDitiON OF FEDERAL RESE!C":.:~ Blll'UCS Released for publication • ~·rltl~ ·morning, Nov. 23; not earlier. Further declines of $44,900, OCO in holdings of discounted bills and of $40,0CO,OOO in Federal reserve note circulation, together with a. reduction of $17,000,000 in Government security holdings and an increase of $16,100,000 in accet:- ·tances purchased in open market, are shown in the Federal Reserve Board's weekly con- solidated statement of condition of the Federal reserve banks at close of busines, November 21, 1923. Deposit liabilities show a decline of $41,000,000, as against an increase of $73,000,000 reported for the preceding weak, casn reserves increased by . .. $3,500,000, and the reserve ratio rose frcm 75.6 to 77.1 per cent, A decline of $36,6oo,ooo in holdings of discounted bills is shown for the Fed- eral reserve bank of New York. The reserve banks of Cleveland and Philadelphia show reductions of $10,000,000 and $5,500,000, respectively, while the banks at Richmond, St. Louis, Dallas and San Francisco report a net liquidation of $11~000,000 in dis- counted bills. The Chicago reser7e bank shows an increase of $10,200,000 in discount holdings, as against a reduction of $22,800,000 for the week precediDg, Atlanta re- ports an increase of $4,900,000, and Boston, Minneapolis and Kansas City - a com- bined increase of $3,100,000. Paper .sacured by U. S, Government obligations declined by $31,900,000, and on November 21 aggregated $341,600,000. Of this amount, $2C9,000,000 was secured ';;y LiJarty and other U. S. bonds, $117,200,000,·- by Treasury notes, and $15,400,000- bY. certificates of indebtedness. All Federal reserve banks shiw smaller Federal reserve note circulation. Of the total decline of $40,000,000, New York reports $lo,6oo,ooo, Cleveland - $9,400,000, and Philadelphia- $8,500,0QD. Gold reserves increased by $1,400,000 during the week. The movement of gold through the Gold Settlement fund was largely to New York, that bank reporting an in- crease of $50,800,000 in gold reserves. Small incraases aggregating $3,800,000 are shown for Kansas City and Richmond. The Federal Re~~er1e Bank of Chicago reports the largest decrease - $15,500,qpo, Boston shows a reduction of $10,300,000, and Itlanta 2Jld Minne""polis reductions of"$8,800,000 and $4,500,000, respectively. A summary of changes in the principal assets and liaoilities of the reserve banks, con-pared with a week and a year ago, foll ovvs: c. Total reserves • ·Gold reserves Totnl earning ~ssets Discounted bills, total .• • . • • • . Secured by U. S. Government obligations Other bills discounted • • . , . • • . • Purchased bills • . . . • . . United States securities, total ••• Bonds ~d notes • • • • • . . . . U. S. Certific~tes of indeotedness •. Total deposits • , • • • • • • • • . • Members' resarve deposits • • • . • • . Government deposits • • • • . • . . . . Other deposits . . . . . . . . • I Feder~l Reserve notes in circulation Increase or Decrease In millions of dollars No•1. + + + + since 14, 1923 3-5 1.4 46.0 44.9 31.9 13.0 16.1 17.0 10.3 6.7 L+l.O 22-3 18.9 .2 40.0 Nov. 22, 1922 .8 + 52.1 62.6 + 132.0 + 33-7 + 98.3 + 27.1 • 221.7 83.4 138-3 51·5 + 62.0 + + 14.1 3-6 76.) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATEMENT FOR THE PRESS
image-container-1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Released for publication Friday morning, Novemb·er 23, 1923; not earlier. St.3803a. RESOURCES AND LIABILITIES OF THE TwELVE IiEDliltAL RESERVE B.Ai'lKS OOMBI NED (Ih thousands of dollars) RESOURCES Gold and gold eertificates • • • • • Gold settl~ent fund - F. R. Board • Total fP1d held b:y banks . . . Gold with Federal Reserve Agents • , • • Gold redemption fund • • • • • Total gold reserves • • Reserves other than gold • Tbtal reserves • • • • • Non-re~erve cash • • • • • . • Bi 11 s d1 s('.crun ted : . . . . •. Sec.. by U.S. Government obligations • Other bills discounted ••• Bills bought in open market • • • • · Total bills on hand • • • • • U. s.. bonds and notes . • • . . • • U. S. Certificates of indebtedness • Municipal warrants • • • • . • • • • • Total earning as sets • . . Bank premises • • • • . • • . • . . 5~ Redemption fund against F. R. Bank notes . • Uncollected i teD'ls • • • • • . . All other resources • . • . . TOTAL BESOURCES •• . . LIABILITIES . . Ca. pi tal paid in • • • • • . • • • • . • Surplus • . . . . . . . • , . . ,. . • Deposit~: Goverilll'lent . .. . • . • . . . • Member bank- reserve account •• Other deposits • • • • • • • . . Total d eeosi ts • • • • • • • • .. F. R. notes in actual circulation • • • F., R. Bank notes in circulation - net liability • • • • • • • • . • Deferred availability items All other lia.bili ties •• . . TOTAL LIABILITIES • . . . . . . Ratio of total reserves to deposit and F.R. note liabilities combined • • • • Contingent liability on bills purchased for foreign correspondents • • • • . • Nov, 21. 1923 376,216 600,741 976,957 2,098, 784 59.715 3,135,456 77,425 3,212,881 71,881 341,635 4o4,553 284,554 1,030,742 68,332 5,031 51 1,104,156 56.559 28 6S0,64o 13,828 5,139,973 110,103 218,369 26,072 1,891,027 ' 24,380 1,941~479 2,223,074 502 621,692 24,754 5,139,973 77.1% *Nbt shown separately prior to January 1923. Nov. 14. 1923 388,047 584,o46 972,093 2,107,168 54,748 3,134,009 75.370 3,209,379 72,860 373,536 417,576 268,450 1,059.562 78,657 11',663 317 1,150,199 56,162 28 787,899 13,945 5,290, 472 110,023 218,369 44,911 1,913,355 24,165 1,982,431 2,263.048 507 691,589 24,505 5,290,472 75.6% 35,709 Nov. 22,19~ 284,750 651,862 936,612 2,077.582 69,131 3,083,325 130,358 3,213.683 • • 307,976 306,215 257,4o5 871,596 151,731 143,388 27 1,166,742 46,204 3,410 684,519 14,6o5 5,129,163 106,495 215,398 4o,198 1,82.9,069 20,721 1,889,988 2,299.391 26,220 564,796 26,875 5,129,163
image-container-2
image-container-3
image-container-4
About
Date: 1923-11-23
Part Of:
Table of Contents
  • 1
  • 2
  • 3
  • 5
Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups.
More Information
Genre:
  • government publication
  • statistics
  • periodical
Rights
No Copyright - United States (NoC-US)
Metadata
Metadata (XML)
Metadata (JSON)
IIIF Presentation Manifest
View IIIF Manifest (JSON)