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STATEME~'1'1.' FOR 'l'HE PRESS St. h})6. Released for publication at.tur6ay morning, Nov. 29; not earlier. Federal Reserv~ to~rd. Nover::ber 28, 192t~. · CONDITION OF FEDERe'\L RESERV.E BANKS The consolidatec1 statement of conch tio.n of the Fecl3ral nserve ba.Yli-:s on November 26, mac1e public by the Fec1eral Resc>rve Foard, shows a dec. line of ~12, Woo ,OOC in holdings of discou.."'lted bills and of $4,900,0CO in Gover::m::ent socu~Hies, together With an increase of $5 ,SOC ,000 in hol6i.ngs of 2.ccopt-.:.;clcGs purohaoed in open market. Total earning assets went c'lown $ll,500,0CO, dapo;.;its $67,700,000, cash rsser1:ves.~ 1 300,000, and non-reserve c:1sh ~.3,/'CO,COO, while Federal reserve lrcu at1 ., note 1ncrease ~21,300,000. f A decline of $15,300,000 in holoings of discountec1 bills is shown for the Uew York reserve 'bank, and of $2,000,000 anc1 $1,800,000, respectively, for the Ricbmond and St. Louis banks. The Federal Reserve Baruc of Boston reports an increase of $2,000,000 in its disco1mt holdings for t!:.e week and Olevelarid .. an increase of $1,900,000, while the remaining banks show smaller changes for the week. Holdings of paper secured by U. S. Government obligations increased by $11,500,000 to $96,200,000. An increase of $3,200,000 in holdings of acceptances purchased in open market is shown for the Boston reserve bank and $2,500,000 for Philadelphia, while the C:hicago bank shows a decline of $3,600,000. Tr.e System's b.olc1ings of Treasury notes declined by $7 ,500,GOO while holdings of certificates increased by $2,600,000 and those of U. S, bonds rerr.ained unchanged, Increases of $9,400,000 and $8,600,000 in Federal reserve note circulation were reported by the Philadelphia and New York reserve ·banks, respectively, the Olevelanc'l bank shows an increase of $3,900,000, and Boston - an increase of $2,200,000, The remaining banks show smaller changes in Federal reserve note circulation for the week. A surrmar;'l of changes in the princifal assets and liabilities of the re~ serve banks during the week s.nd the year ending November 26, 1924, folloV'rs Increase or decrease during Week -----------Year _;;;_...;.:.;;:.. Total reserves • Gold reserves - $9,300,000 Total earning assets Bills discounted, to tal Secured by U.S. Govern.'nent obligations , Other 'bills discounted • . - 11,500,000 - 12,4oO,OCO + 11,500,000 - 23,900,000 Bills bought in open rr1arket U. S. Government securities 1 total Bonds • • . . . . . . . . Treasury notes • . . . . Certificates of indebtedness Federal Reserve notes in circulation Total deposits . . . . . . . Me:r;:be rs 1 reserve deposits Government deposits Other d epo sits , . . . . 4,6oo,ooo + 7,~co,coo + 2,6oo,ooo + 21,'300,000 - 66,200,000 80,300,000 - 57 3 , 000 '000 - 286 1 500 1 000 - 28 b ' 500 '000 3,000,000 5,800,000 4,900,000 ..,,..,,... coo b-..,( 'i\...'-.1' . - o7 ,2CO,COO + + + + 497,800,000 25,800 ,ooo 337,200,000 134,700,000 - 4o 1 , 000 ' 000 + 264, 100 ,ooo + 267,100,000 2,1CO,COO 2,6oo,ooo ___ - $63' 300,000 + 8,100,000 5,100,000 Releaser'! .fo:r. publication Satu,.~ay moT"ning, Novembe,. 29, 1924. st. 4336a PESOURCES AND LIABILITL~S OF TBE 'TWET.VE FEDERAI RESERVE BANKS COMB TNED (In t1ousanc'ls of dollaT's) Nov. 26, 19..24 Nov. 1~_1924 Nov. 28, 1~3 RES 0 URCE S Qold with Fec'le:r.al :rasa,.ve agents . Qold T'edemption func'l with U.S. T,.easu:ry Gold held exclusively against F.R.notes Gold settlement fund with F. R. Boa,.d ·Golc1· and gol~ ceT"tificatesheld by hl.nks Total gold T"eserves • . Rese,.ves othe,. th~~ gold 'Total 1"'6S61"'V6S , Non-T'eseT'Ve casn • . • . l3ills Cl iscountecl: Sec. by U. s. Govt. obli~ations Othe,. bills c'liscountdr'l • • . • Total bills Cl iscountec.i • Bills bought in open ma,.ket . U. s. Gove,.nment secuT"ities: . . • . . •. . . TT"easu,.y not~s • . . CeT"tificates of inc'lebtar'lness . . . • BOll~ s Total U. S. Govel"Ument securities All othe,. ea:r.ning ass3ts . • . Total earning assdts 5~ Redemption fund - F. B. Bank not~s Uncolldctec.i. items . Bank p,.emises • • • • •11 otheT' resources • TOTAL RESOURCES • 1! 9aG_,215 42,136 1,968,351 591,026 486,873 1,933,981 - 33!_§_20 1 ,972, 601 610,131 468,086 2,104,845 60,944 3,046,250 87,701 3,050,818 92,411 3,112,436 84,846 3,133,951 34,307 3, 143,229 43,005 3,197,282 58,754 96,204 125,201 84,680 149,164 382,643 411,738 221' l.io5 281,001 233,844 275,245 794,381 289,004 44,320 390,079 147 ~~~6 582,215 44,243 397,568 145,266 18,509 52,832 13,119 5e7,077 84,460 2,550 1 ,OfH ,171 2,550 1 ,098, 716 154 1,167,999 615,24o 61,553 27,363 713,720 61,085 - 27' 179 28 603,579 56,649 13,987 4,959,585 5,086,934 5,098, 278 1,845,308 1,823,460 2,246,300 ----- 2,165, 789 587' 079 359,563 L I AB I L I T I E S F. R. notes in actual ciT"cUlation F• B. Bank notes in circulation - not • ·Deposits: MembeT' bank - reserve account • . Government • . • . • • Other c.iepcsi ts • . . • • . Total c'leposits • . Defa,.T'ec1 availability i terns . Capital paic'l in • . • Su,.plus . . .•. • . .. ..... An other liabilities 'TOTA!: LIABitl'TIES Ratio of total :rese,.'les to cle"TJosit and F. R. note liabilities combin~CI • • . . Contingent liability on bills purchased fOT' fo:reign co,.,.esponc'lents • • . . • . 498 2,148,137 26,723 27,356 2,202,716 564,34o 112,169 220,915 14,137 4,959;585 77.4% 27,179 2,215,346 24,667 30,432 1,8fH,025 34,803 22,765 2,270,445 646,230 112,241 220,915 1,938,593 559,044 110,095 218,369 25,379 5, 098,278 ___:g_, 643 5,086,934 76.8% 76.4% 24,655 PESOTJFC:ES AND LIABILITIES OF THE FEDERAL R"ESERVE :BA.~S AT CLC!lSE OF BUSUTESS, NOVEMBER 26, 1924. RE S 0 U RC E S (In thousands of clcllars) Cleva. Rich. Atlanta Chicago St. Louis Minn. Kans. Cy. Dallas San Fran. Total Eecleral Reserve .Bank of Boston Uew Yo:rk Phila. Go1cl v-ith F3~e:ral Rc:ser-re; lcgents 181,594 529~~ 164,492 202,070 Gold :reclompticn funcl with U.S.Treas.~_!_I~_9__ _§;~",i,_~ 5,405 2;825 F. l?. -.:1ctes --·---Golcl settleLJE::nt fund with F.R.Board GolCI a:rJ.cl- :;C'lrl certif. helc1 by ban'ks --·-··-- Tota1_ crclrl reserves Reserves other than golcl 'T'ota1 :reserves Non-rese:rYQ cash :Bills ~ iscot:rrt,e::'l: Secure(! by U.s. Govt. obligations Other bi 11 s ~i scounted 'l'otal "M 11 s cliscountecl Bills bought in open market s. Go·..re:rnm3nt securities: B o:ncl s Treasury not es Certificates of inc'lebteCiness 191,303 36,470 20,328 248,101 8, 785 256,886 2, 821 537,924 172,567 243,303 953,314 13,735 74,583 131,133 191,054 1,225 2,070 2,634 55,991~ 71,25C 62,71+7 45,710 215,934 1,926,215 2,335 -~1_3,3~7__~,273 2,026 42,l3o 169,397 204,398 75,808 133,203 193,683 58,379 72,169 66,134 46,958 217,960 1,968,351 39,157 53,610 32,339 16,427 96,933 28,079 23,124 36,151 16,941 39,108 5Sll026 27,4~1 22,715 17,611 7,349 ~1,929 9,286 5,565 4~755 8,526 27,525 ---~26,~]3. 236,535 281,223 1'25,803 157,479 332,600 95,74L! 100,658 107,040 72,455 284,593 3,046,250 3,443 6,677 4,369 8,007 10,624. 10,960 1,376 3,160 8,205 3,360 8(,701 972,549 239,978 287,900 130,177 165,486 393,224 106,70il 102,234110,200 80,660 2S7,953 3,133,?51 959 2,242 1,735 3.531 4,244 2,156 654 1,867 1,570 2,666 34,3C:7 9,862 8,073 7,423 15,496 4o,953 26,636 16,393 17,757 7,335 9,052 6,502 8,457 21,038 35,688 23,395 26,214 28,926 32,008 19,523 25,387 1,309 21,948 23,257 3,403 10,600 21,419 262 3, 771 9,993 5,051 32,019 13,764 5,313 26,602 12,630 635 646 1,563 356 6, 591 4,979 2,698 6,542 3,344 7,447 11,542 17,133 35,630 96,204 125,201 221 ,4()5 28"1, 001 U. 1,030 26,210 11,260 4,902 133,323 4 7: 2}0 ~ Total U~__§~~ovt. All other aa.":'lii:;.;g sesu:rit~ ~ T~~.:.::: "'Atrrfing a.&s.e'~ Uncollected items Bank p rentLsa-s All oth-er resOU1"Ces . .. c. 35,500 15,808 1,850 1,123 2,435 44,320 600 7,979 51,979 12,442 14,709 24;086 19,03_3 41,212 390,079 13,206 3,562 4,950 9,323 _§_!]!2._~ 7L 49 6 14 l_, C~_§4,955 85,993 16,604 27' 633 35,649 27 ,59S 59,331 5e2,215 250 2,300 2,550 76,536 116,636 33,381 35,6o4 144,614 42,998 33,586 51!, 183 ~5,075 102,9~g 1,037,171 615,240 57,702 53,155 57,073 25,838 70,789 35,537 15,011 40,27$3 29,312 38,648 8, 264 3,027 3,157 4,5')7 1,312 3,139 1,112 9 'J_'~9 2,528 2,375 61,553 ._ 1,100 134 3,814 b92 3,1~4 4,412 21,363 189 1,974 233 3-94 749 5,115 25,200 37,685 5,36!+ 21,735 . ----------185,455 31,313 64,535 .~-· )0}, 151 53, 7,.49 4,_3.12 220 1.38,148 17,431 10,.807 1,191 2, 750 1, 014 1,538 1,450 956 3,944 412,937 1,451,943 376-,6e1 469,345 225,553 235.303 622,235 190,556 158,466 212,017 164 ,'673 439, e)6 l~, 959, 5S5 t ~·· Rel~~··.:,.,~i.· for pCLjl ic::atica 5;.:... t;u.:~,~ay rno:r.r~::-.1;;, Nov amber 29, 1924; not .;a:rlL::r. RESOURCES AND LIABILITIES OF THE FEDER..I',L RESERVE BANKS AT CLOSE OF BUSINESS, NOVEMBER L I ABI L I T I E S (In thousaros of clollars) New York Bostcri Phil a~ Cleve. Rich. Atlanta Chicago federal Reserve Bank cf 198,498 382,903 164,635 209,552 85,?}l 137,804 199,673 r~a. notes in actual circulation . - ...... ... .. . -Det:Jcsits: 136,759 841,772 123,4g1 168,176 64,350 60,729 305,783 Member bank - reserve account 3,42i 2,103 2,328 1, 771 3,210 1,262 2,457 Government 441 1,252 122 120 1,343 16,413 74 Other cl aposits 138,604 861,395 130,184 171,885 67,893 62,952 309' 454 Tcta.l deposits ~---~---- ~. Defer•·eo availability items Capital pa. ict in Su.:rplus All othe:r 1iabil ities TOTAL LIABILITIES 51,060 7,~.f::C· 16,390 405 F. B. notes outstano ing 220,731 22,233 F. R. nctes in actual ci:rculation-198,498 Bills ~iscoQ~te~ Bills bought in open market ,· e'e,.tificates of inclebte<'lness ~ .p - ....., ... -· 1924. St.LoUis· Minn. Kans.Cy. Dallas San Fran. Total 57,133 71,824 71,847 56,715 209,433 1,845,308 • 58,368 87,976 1,753 1,33P 831 389 81,175 60,510 90,143 76,761 2,668 1, 746 115,177 50,962 50,240 53,941 19,616 65,679 36t536 5,161 5,898 4,583 15, 181 30,205 10,516 12,756 59,929 19,927 23,691 11,672 8,950 30,426 10,072 888 1,.4o3 1,822 479 455 1,221 2,339 60,730 158,252 2,148,137 1,908 2,506 26,723 226 4,899 27' 856 62,864 165,657 2,202,716 564,}40 13,949 35,582 31,559 40,039 4,132' 8,147 112,169 3,267 4,341 7,484 9,496 7,577 15,301 220,915 60S 14,137 1,432 1~~26 1,259 412,937 1,451,948 376,681 469,345 225,5S3 235,308 622,235 190,556 153,466 212,017 164,673 439,836 4,959,585 1tatio of total resel"Ves to oeposit atxl F. R. note liabilities 76.2 oombinacl, p-ar cent Contin~nt liabi!ity on bills purchase~ for fcreign cc:rrespon<lents F. R. notes held by banks - 26,. 78.2 81.4 75-5 82.4 85.0 77·1 68.0 979 76.8 67.5 2,066 77.4 62,351 252,399 2,248,213 5,636 42,966 402,905 382,903 164,635 209,552 85,291 137,804 199,673 57,133 56,715 209,433 1,,845,308 2,637 3,131 1,550 4,051 77 .} 1,251 FEDERAL RESERVE NOTES OUTSTANDING AND IN AC'IUAL CIRCULATION 605,350 197,519 227,612 93,517 155,803 214,450 64,554 74,836 79,091 222,Ll·47 32,384 18,060 8,226 17,999 14,777 7,421 3,012 7,244 7,903 1,.196 77·2 1,332 71,824 71,847 1,033 27~179 DISTRIBUTION OF BILLS AND U. S. CERTIFICATES· OE INDEBTEDNESS BY MATURITIES Within 15 cleys 138,102 75,403 ,_"':".·' 16 to 30 ~ ays _ 31 to 60 c1 ays 23,604 53,412 63,720 32,397 80,240 61 to 90 c1 ays 17,761 61,807 From 91 <lays to 6 months 9,030 10,139 23,290 Over 6 months 511 60,806 Total 221,405 281,001 147,816 <a.J.ea.se:d j or pl.A.o ... :...;a-;;L:m 3a~urda;y' ;...orning, November 23, 1924; not earlier. FEDERAL RESERVE AGENTS' ACCOUNTS AT CIDSE OF BUSHTESS, NOVEMBER 26, 1924. (In thousands of dollars) Federal Reserve Agent at RESOURCES Federal Reserv0 notes on :.1and Federal Reserve notes outstanding Collateral security for Federal Reserve notes outstanding: Gold and gold certificates Gold redemption fund Gold fund - F. R. Board Eligible paper .Amount required Excess amount held TOTAL :Boston New York Phil a. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans. Cy. Dallas San Fran. Total 70,350 220,731 270, 56o l.t8 '320 48 ,370 29,764 66 , 570 247 '220 25,500 15,364 26,453 19,247 69,100 937 ,818 605,350 197,519 227,612 93,517 155,803 214,450 64,554 74,836 79,091 62,351 252,399 2,248,213 35,300 18,294 128,000 289,104 198,531 6,4oo 8 '780 14,556 8,985 13,052 3,500 30,115 12,703 13,290 3,788 8,633 5,4o9 3,009 1,206 4,337 3,654 18,243 122,731 301,000 145,389 180,000 70,795 119,000 185,645 44,oou 57 ,ooo 58,360 27,500 197,691 1,514,380 39,137 17,312 75,704 33,027 25,542 18,934 24,670 23,396 8,560 25,129 6,376 25,656 9,395 6,878 35,041 17,822 3,578 16,344 16,641 36,465 1,449 1,688 3,585 6,533 321,998 156,864 529,1241,506,389 449,734 529,750 226,193 385,054 711,161 172,430 166,935 186,323 147,534 530,431 5,591,108 L I AB I L I T I E S Net arr~unt of Federal Reserve notes received from Comptroller of the Currency 291,081 Collateral received from Federal reserve bank: Gold Eligible paper TOTAL 181,594 56,449 875,910 245,839 276,482 123,281 222,373 461,670 90,054 90,700 105,544 81,598 321,499 3,136,031 529,646 164,492 202,070 74,583 131,133 191,054 55,994 71,258 62,747 45,710 215,9341,926,215 100,833 39,403 51,198 23,329 31,543 53,437 26,332 5,027 18,032 20,226 42,993 478,362 529,1241,506,389 449,734 529,750 226,193 335,054 711,161 172,430 166,985 186,323 147,534 530,431 5,591,108
@FedFRASER