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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Saturday m'crning, Nov. 26; not e a r l i e r . S t . U739 Federal Reserve Board, November 27, 1925. CONDITION OF FEDERAL RESERVE BANKS s The consolidated statement of c o n d i t i o n of the Federal r e s e r v e banks on Npvember 25, made p u b l i c by the Federal Reserve Board, shows an increase of $58,300,000 i n h o l d i n g s of discounted b i l l s , of $4,500,000 i n acceptances p u r chased i n open market, and of $800,000 in f o r e i g n loans on gold, t o g e t h e r with a decline of $1,000,000 i n h o l d i n g s of Government s e c u r i t i e s . Total b i l l s and s e c u r i t i e s went up $62,600,000 and Federal r e s e r v e note c i r c u l a t i o n $23,500,000, while gold r e s e r v e s declined $36,400,000, o t h e r cash r e s e r v e s $5,200,000, and non-reserve cash $5,600,000. Discount holdings were l a r g e r t h a n a week ago by $44,700,000 a t New York, , $16,400,000 a t Chicago, $9,300,000 a t San F r a n c i s c o , and $4,100,000 a t Kansas City. The Boston bank r e p o r t s a d e c l i n e i n discount holdings of $9,600,000 and Cleveland a d e c l i n e of $4,600,000. Holdings of acceptances purchased in open market went up $9,200,000 at the New York bank and $4,700,000 a t Boston, and declined $3,900,000 a t Kansas City. Treasury c e r t i f i c a t e s on hand went down $1,100,000 and U. S. bonds $100,000, while holdings of Treasury notes increased $200,000. All Federal r e s e r v e banks r e p o r t i n c r e a s e s i n Federal r e s e r v e note c i r c u l a t i o n f o r the week with the e x c e p t i o n of S t . Louis and San F r a n c i s c o , which show a t o t a l decrease of $900,000. The p r i n c i p a l i n c r e a s e s were: New York $5,700,000, Cleveland $5,500,000, P h i l a d e l p h i a $5,400,000, and Boston $2,900,000. A summary of changes i n the 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 the r e serve banks during the week and the y e a r ending November 25, I925, f e l l o w s : Increase or decrease Week during Year Total r e s e r v e s Gold r e s e r v e s - $44,600,000 - 36,400,OCX) - $273,400,000 - 300,400,000 Total b i l l s and s e c u r i t i e s 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 discounted . . . + 62,600,000 + 52,300,000 + 65,800,000 7,500,000 + 239,000,000 + 403,300,000 + 250,100,000 + 153,200,000 B i l l s bought i n open market + 4,500,000 + U. S. Government s e c u r i t i e s , t o t a l . . . . Bonds . . . . . . . . . . Treasury n o t e s . . . . C e r t i f i c a t e s of indebtedness + - 1,000,000 100,000 200,000 1,100,000 - 249,900,000 + 12,000,000 - 145,700,000 - lib,200,000 Federal reserve notes i n c i r c u l a t i o n . . . . + 23,500,000 - 113,800,000 Total deposits 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 + 31,100,000 41,000,000 11,900,000 + + + 88,100,000 J1,700,000 10,100,000 C. . . . . . . . . . . . . 78,500,000 Released f o r p u b l i c a t i o n Saturday morning, November 23, 1925; not e a r l i e r . St.4759a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED ( I n thousands of d o l l a r s ) Ncv. 25, 1925 Nov. 18,1925 Nov. 26.1924 RESOURCES Gold with Federal r e s e r v e agents . . . . Gold redemption fund with U. S. Treasury \ Gold held e x c l u s i v e l y a g a i n s t Gold settlement fund w i t h F. R. Gold and gold c e r t i f i c a t e s held Total gold r e s e r v e s . . . . Reserves other than gold . F.R.notes Board by banks . . . . 1,355,463 50,004 1,405,467 1,355,579 62,443 1,926,215 42,136 724,029 1,418,022 724,982 616,397 639,245 486,873 2,745,893 114,642 2,782,249 3,046,250 122,836 87,701 2,860,535 2,905,035 43,948 49,546 3,133,951 34,307 346,326 273,388 280,534 285,832 96,204 125,201 624,714 566,366 359,458 354,980 221,405 251,001 56,285 244,439 31,575 244,272 32,655 56,352 44,320 390,079 147,816 Total U.S. Government s e c u r i t i e s . Other s e c u r i t i e s . . . i . . . . . . . . Foreign loans on gold 332,299 3A50 333,279 3,150 5,701 532,215 Total 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 items Bank premises , . . . . 1,326,121 1,057,171 61,817 18,454 1,263,476 671 816,673 61,809 18,108 4,997,581 5,115,368 4,959,585 1,731,510 1,703,050 1,845,308 2,219,813 36,853 12,937 21,181 2,260,822 24,975 12,999 23,103 2,143,137 2,290,784 2,321,899 2,202,716 622,853 116,844 217,837 733,512 564,340 116,813 IS,053 217,837 17,257 112,169 220,915 4,997,881 5,115,365 Total r e s e r v e s 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 discounted . 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 indebtedness . . . . . TOTAL RESOURCES . . . . . . . . F. R. notes i n actual c i r c u l a t i o n « . . Deposits: Member bank - r e s e r v e account . . . ; TOTAL LIABILITIES . . . . . 6,500 &5S 686,348 1,968,351 591,026 2,550 - 478 615,240 61,553 26,88$ 26,723 8,327 19,529 14,137 4,959,535 Ratio of t o t a l r e s e r v e s to deposit and F, R. note l i a b i l i t i e s combined . 71.1# 72.1'% 77-4f c Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents 39,959 36,545 27,179 c. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 25 (In thousands of d o l l a r s ) RESOURCES ' 1925 s t . 4739b Boston Gold with Federal Reserve Agents 84, 525 Gold redemption fund with U.S.Treas.8,948 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. notes 93,473 Gold s e t t l e m e n t f u n d w i t h F . R . Board 5 0 , 0 1 3 Gold and gold c e r t i f i c a t e s 45,787 T o t a l gold r e s e r v e s Reserves other t h a n gold Total reserves Total U.S. Gov't, s e c u r i t i e s Other s e c u r i t i e s Foreign loans on gold Total b i l l s and s e c u r i t i e s Due f rom f ore ign banks Uncollected items Bank premises All other resources TOTAL RESOURCES a 189,273 16,932 206,205 Ivon-reserve cash 4,054 B i l l s discounted: Secured by U.S.Govt, o b l i g a t i o n s 15,724 Other b i l l s discounted 16,346 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 indebtedness 379,330 129,721 185,251 2 _27jjA8 a 72,421 93,168 120,425 ° ^ S i 500,463 116,051 127,293 326,493 7,851 6,232 5,934 6,756 14,995 2,042 3,384 3,198 341,488 5,898 44,090 33,873 14,190 23,759 20,202 6,825 42,252 129,493 63,190 211947 32,070 85,992 192,683 35,408 55,060 14,570 77,963 9,645 37,949 4,568 27,027 65,986 34,451 529 1,993 5,412 1,257 57,127 585 11,428 7,965 21,989 1,191 4,253 860 12,406 1,995 19,928 25,363 1,714 7,934 61,384 19,063 15,261 47,005 1,755 3,050 605 481 126,477 62,185 4,190 139 - 698 % 515 7,050 •' 281 1,026 30,980 696 - — 5,444 344 — 388 36,765 4,396 44,467 10,938 95,089 1,886 21,531 1 8 9 , 8 6 3 1,405,467 13,274 33,406 724,029 1 0 , 5 5 5 29,562 616,397 77,772 45,360 252,831 2,745,893 55,405 2,890 96,975 654 81,362 36, 6 l l 1 034 ' 33,113 3,000 66,839 s 993,258 212,542 306,695 121,985 134,049 14,496 16,630 3,563 13,452 72,963 30,868 23,425 6,058 23,329 20,642 897 - 7,315 1,506, 5,910 5,970 2,252 6,837 36,655 23,000 346,326 278,388 9,089 59,655 30,361 624,714 27,095 23,282 1,998 22,424 36,281 1,690 7,597 33,419 30,807 43,936 214 100 260 228 455 299 f2,vov _ 341 8,139 _)V,102 7 7 , 7 5 0 __ 2,805 42,731 4,772 737 114,642 51,270 253,801 £ , 5 6 0 , 5 3 5 1,772 2, 662 43,948 1,522 7,558 18,873 9,020 93 20,428 16,578 1 ; : : 2,157 9,377 21,508 1 : S | 388 2,495 1,864 30,711 266 - 9,360 4,090 6,693 58 359,458 56,285 244,439 31,575 332,299 3,150 6,500 67,219 134,407 1,326,121 28,115 1,834 42,108 3,338 1,330 3,867 403,250 1 , 4 7 1 , 2 0 2 368,718 498,855 239,320 292,643 595,6b6 173,071 148,717 209,716 151,540 445,133 658 686,348 61,817 18,454 4,997,881 RESOURCES AUD"XISBrLITIES OF' THE- FEDHtAL RESERVE BANKS ON NOVEMBER 25, 1925. S t . U739C ( i n thousands of d o l l a r s ) L I A B I L I T I E S Boston 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 171,279 Deposits: Member "bank - r e s e r v e account 142,555 2,758 Government 150 F o r e i g n bank 110 Other d e p o s i t s Total deposits Deferred a v a i l a b i l i t y items C a p i t a l paid i n Surplus All o t h e r l i a b i l i t i e s TOTAL LIABILITIES 145,573 60,202 8,611 16,382 New York P h i l a . CIeve. 362,455 148,167 227,863 850,396130,555176,101 13,717 923 1,62s 11,45s 1SS 217 10,516 3I.-R. notes i s s u e d t o F . R . Bank C o l l a t e r a l held a s s e c u r i t y f o r F . R . n o t e s i s s u e d t o F.R.Bank: Gold and gold c e r t i f i c a t e s Gold redemption f u n d 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 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 1,285 8 8 6 , 0 8 7 1 3 1 , 9 8 6 179,231 1 2 7 , 4 5 s 56,243 54,647 32,131 11,545 13,141 58,749 20,059 22,462 1,203 4,322 718 1,511 69,583 3,252 107 82,039 321,969 3,073 2,348 80,838 1,594 280 93 87,357 1,525 1,834 902 844 85,256 325,499 35,183 71,738 4,645 15,721 8,950 30,426 83,369 34,500 5,127 9,971 67 183 54,729 13,908 3,178 7,497 961 1,103 83 61 90 73,032 58,257 5,978 11,701 52,954 1,376 1,091 2,220 81 1,158 90,430 38,125 4,262 8,977 819 59,998 165,438 2,219,513 1,340 71 89 2,861 142 5,653 36,853 12,937 21,181 61,498 174,094 2,290,734 30,213 4,277 42,379 8,228 622,853 116,844 7,592 15,071 217,837 1,040 1,689 18,053 403,250 1 , 4 7 1 , 2 0 2 368,718 498,855 239,320 292,643 595,66b 173,071 148,717 209,716 151,540 445,183 4,997,881 71.1 52.0 68.5 71.8 78.8 45.2 47.3 75.2 75.9 55.3 75.3 665.1 5.1 .Reserve r a t i o (per c e n t ) 79• 6 Contingent 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 correspondents 2,946 10,990 : F . a . n o t e s on hand ( n o t e s r e c ' d from :F,R. Agent l e s s n o t e s i n c i r c u l a t i o n ) l 8 , 2 3 3 114,462 :E.R.notes r e c ' d from Comptroller 3T.R.notes held by F. R. Agent 290 Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. Dallas San Fran. Total 89,261 157,233 150,062 39,143 6 8 , 3 0 2 6 7 , 1 0 3 4 6 , 9 2 0 2 0 3 , 7 2 2 1 , 7 3 1 , 5 1 0 3,702 4,260 2,110 1,632 5,494 1,739 1,314 1,592 1,393 2,787 39,959 30,946 17,440 14,543 19,760 16,694 6,274 2,698 7,583 6,498 51,279 306,410 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 250,412 744,037 209,713 280,223 131,284 226,453 429,963 70,917 88,230 99,319 60,900 267,120 30,600 189,512 476,917 179,113 35,300 14,225 35,000 118,062 202,587 68,500 313,601 2,912,652 49,460 263,207 25,500 17,230 24,633 15,082 245,303 103,804 176,993 166,756 45,417 71,000 74,686 53,418 255,001 2,037,920 10,200 7,414 4,151 70,000 110,645 92,955 107,232 10,575 1,332 3,500 54,292 13,052 1,857 51,000 12,820 34,920 186,697 4,400 8,780 27,544 12,296 14,191 156,000 106,389 160,000 27,480 21,160 2,465 47,500 15,136 2,522 31,360 43,904 2,575 58,600 - 15,909 1,500 170,73s 36,164 89,983 69,699 7 8 , 7 2 9 77,786 55,375 276,680 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 190,987 57,650 87,578 38,926 561,228 180,735 270,549 110,051 180,569 222,028 Within 15 days l 6 t o 30 days 31 t o 60 days 6l to 9O days 494,404 104,633 3,723 35,177 65,345 2,424 56,761 107,422 28,518 63,917 months° Over 6 months 9,513 341 4,689 20,739 874,732 305,300 106,481 943,682 930,553 2,286,016 Total 624,714 359,458 31,575
@FedFRASER