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Released for p u b l i c a t i o n Friday morning, Nov. 6 ; not e a r l i e r . STATEMENT FOR THE PRESS S t . 4-711 Federal Reserve Board, November 5, 192$. CONDITION OF FEDERAL RISERVE BANKS The consolidated statement of c o n d i t i o n of the Federal reserve banks on November 4, made p u b l i c by the federal Reserve Board, shows an increase of $65,900,000 i n b i l l s and s e c u r i t i e s and of $18,700,000 in Federal reserve n o t e c i r c u l a t i o n , and decreases of $12,800,000 and $6,000,000, r e s p e c t i v e l y , i n cash reserves and non-reserve cash. Holdings of discounted b i l l s increased $46,300,000 during the week, acceptances purchased i n open market $13,700,000, 3nd Government s e c u r i t i e s $5,500,000. At the New York reserve bank discount holdings went up $35,000,000,at San Francisco $9,300,000, a t Boston $6,200,000, at Chicago $4,800,000 and at Atlanta $6,500,000. The Philadelphia bank reports a decline of $9»700,000 in d iecoxmt holdings, Cleveland of $4,200,000, and Richmond $1,900,000, while the four remaining banks report a t o t a l increase Of $4,400,000. An increase of $10,700,000 i n open-market acceptance holdings i s shown tjy the Federal Reserve Bank of Atlanta, and increases of $3,800,000 and $2,900,000, respectively, by San Francisco and Boston. At the New York bank holdings of acceptances purchased i n the open narket declined $4,000,000, and a t Minneapolis - • $2,700,000, while the remaining banks show smaller changes in acceptance holdings f o r the week. A reduction of $4,700,000 i n the System's holdings of Treasury note# was more than o f f s e t ty increases of $8,600,000 i n holdings of Treasury c e r t i f i cates and of $1,600,000 in U. S» bonds. Federal reserve note c i r c u l a t i o n increased, at a l l of the reserve banks except Cleveland, which reports a d e c l i n e of $1,300,000. The principal increases during the Week were: New York $6,400,000, Boston $3,500,000, San Francisco $2,400,000, Richmond $2,300,000, and Philadelphia $2,000,000. 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 reserve banks during the week and the year ending November 4, 1925, f o l l o w s : increase or decrease Week Total reserttes . . . . . . . . . . . . . . Gold reserves . . . . . . . . . . . . . during Year $12,800,000 10,000,000 $243,600,0# 266,200,000 65,900,000 . + 46,300,000 B i l l s discounted, t o t a l . . . . . . . . Secured by U.S. Government o b l i g a t i o n s . + 36,900,000 Other b i l l s discounted » • 4" 9,400,000 + 263,500,000 4» 407,100,000 4" 235,100,000 + 172,000,000 B i l l s bought in open market 4- 107,600,000 . . . . . . • + Treasury notes . . . . . . . . . . . . C e r t i f i c a t e s of indebtedness . . . . . * . 4" 254,700,000 15,300,000 154,300,000 115,700,000 §§§§ §§6S ¥. S. Government s e c u r i t i e s , t o t a l . . . • f 13,700,000 4- 103,400,000 Federal reserve notes in c i r c u l a t i o n . . . * 4- 18,700,000 - T otal d epos i t s . . . . . . . . . . . . . . . + 17,700,000 Members' reserve deposits . . . . . . . • + 18,400,000 Government deposits . . . . . . . . . . • 8,300,000 4- 136,000,000 4- 127,600,000 600,000 4- Be l e a s eel f o r p u b l i c a t i o n F r i d a y morning, November 6, 1925J not e a r l i e r . S t . 4711a BESOUBCEE ATTD LIABILITIES OF TEE TWELVE FEDERAL BES3BVE BANKS COmiNED ( i n thousands of d o l l a r s ) Nov. %, 1925 Oct. 28, 1925 Nov. 5, 192% BESOUBCES Gold with Federal r e s e r v e a g e n t s . . . . . . 1>332,277 1,377,127 1,989,213 Gold redemption fund with U. S. Treasury . 49,99% %7, 770 32,070 Gold held e x c l u s i v e l y a g a i n s t F.B.notes Gold s e t t l e m e n t fund w i t h F. B. Board , . 0-old and gold c e r t i f i c a t e s held by banks . Total gold r e s e r v e s Beserves o t h e r than gold . 1,382,271 753,252 637,0%0 2,77c!,563 107,718 1,424,897 716,589 64l,063 2,782,5%9 110,511 2,027,283 587,118 424,370 3)038,771 89,1%8 Total r e s e r v e s Noil-reserve cash . . . . . . . . . . . . Bills discounted: Sec. by U. S. Government o b l i g a t i o n s , . Other b i l l s discounted 2,880,281 46,901 2,893,060 52,932 3,123,919 35,355 330,229 306,109 293,285 296,709 95,175 13%,088 63$, 338 3%2,%53 589,99% 328,717 229,263 23%,8%8 57,632 2%3,740 28,853 56,020 248,477 20,260 42,309 398,006 144,5ol 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 Foreign loans on gold « . . . . . . . . . Total b i l l s and s e c u r i t i e s , . 330,225 3,220 3,800 1,316,036 324,757 3,220 3,399 1,250,087 584,876 3,557 ~ 1,052,5%% Due from f o r e i g n banks . . . . . . . . . . Uncollected items . . Bank premises . . . . . . . . . . . . . • All other r e s o u r c e s . . . . . . . . . . . 6%0 687,01 61,593 18, 282 640 68%, 027 61,557 18,120 %7S ^83,315 60,7%3 27 , 063 5,010,7%3 4,960,423 %, 883, %17 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 n o t e s 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 • TOTAL PESOUECES L I A B I L I T I E S F. B. 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 account . . . . , Government . . . . . . Foreign bank Other d e p o s i t s • 1,713,422 1,69%,771 1,8l6,817 2,2%5,629 30,383 11, %73 ^7,515 2,227,212 38,670 12,071 1^, 311 2,118,075 29,813 7,075 2%,032 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 in • Surplus All other l i a b i l i t i e s . 2,315,000 631,239 116,653 217,837 16,59^ 2,297,26% 617,350 ll6,602 a.7,837 l6,599 2,178,995 5%1,592 112,009 220,915 13»0^9 5,010,743 4,960,423 4,883,417 TOTAL LIABILITIES * Ratio 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. E. n o t e l i a b i l i t i e s combined . . . . 71 *5% 72.5% 18.2/° ontingent l i a b i l i t y on b i l l s purchased for foreign correspondents . 36,Sll 36,849 25,929 V u. B c D sss "tl ?^|"FivS »»- >& , u # #3 #59 #923 # # 3 S r ; 4-98#0 iu:^# #M » 'tig 1:^ s;$ i3? S i r mmmmmmm*# S f f ^la'-sSSfgflaj} ». L— »' s "•» "••" »•" »•'* •»•* ».«>.s«.«' ,>Z 3ijrijS3|jlll %s is "i t;g % RESOURCES B ™ Goia heia e x c l u s i v e l y a g a i n s t " l M B I l I , n 8 °F ( : *-~- >71 ™ 3.783 1,100 ««• 2,295 3,779 2,369 2,588 49,994 : t o t a i resources 0. 4 l 3 , 5 7 2 I , 4 s 6 , 0 i 0 372,301 486,366 235,332 283,504 599,672 1 7 7 ^ 9 5 " ! % , 9 2 0 203,569 155,728 442,674 5 , 0 1 0 , ' # - RESOURCES AND LIABILITIES. 0F_ THE FEDERAL RESERVE BANKS ON NOVEMBER 4, 1925( i n thousands of d o l l a r s ) I, I A B I L I T I E S 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 account Government f o r e i g n bank Other d e p o s i t s T ota l d e p o s i t s Deferred a v a i l a b i l i t y items C a p i t a l paid in Surplus All other l i a b i l i t i e s Boston 168,290 Rich. A t l a n t a Chicago S t . L o u i s Mirn. Kans.Cy. D a l l a s San Fran. Total 86,828 156,222 146,799 40,546 67,275 66,502 47,390 203,231 1,713,422 858,537 133,377 171,912 70,267 83,336 325,787 82,597 54',310 83,260 63,218 166,502 2,245,629 152,526 1,889 30,383 1,699 1,177 1,615 4,566 1,616 2,178 692 3,583 5,242 2,031 4,095 142 11,473 67 81 71 9,994 188 217 107 83 280 93 150 27,515 194 1,163 92 5,535 16,297 572 1,042 146 101 937 1,20b 230 2,315,000 174,068 889,394 135,753 175,349 71,212 57,103 332,246 85,927 56,270 85,681 64,996 157,001 631,239 140,695 58,556 50,723 58,557 30,385 72,460 34,648 14,603 37,360 30,418 40,478 62,353 8,231 116,653 32,097 11,521 13,044 5,979 4,648 15,624 5,122 3,186 4,263 4,332 8,606 217,837 58,749 20,059 22,462 11,701 8,950 30,42.6 9,971 7,497 8,977 7,592 15,071 16,382 786 1,000 16,592 881 1,08Q 1,595 671 1,343 1,055 1,193 2,117 940 3,922 413,572 1,486,010 372,301 486,366 235,332 238,504 599,672 177,095 149,920 203,569 155,728 442,674 5,010,743 65.8 71.5 61.2 71.4 47.1 75-2 45.3 44.3 81.2 78.3 75.2 72.4 67.6 TOTAL LIABILITIES Reserve r a t i o (per c e n t ) 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 c o r r e s p o n d e n t s 2,717 E- K.notes ou 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 19,030 F.R. n o t e s r s c ' d from Comptroller F.E. n o t e s held by F. E. Agent F. 3. notes issued t o F.R. Bank C o l l a t e r a l held as s e c u r i t y f o r F . P . n o t e s issved t o F.R. Bank: Gold and gold c e r t i f i c a t e s Gold redemption fund 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 New York P h i l a . Cleve. 361,153 145,741 223,445 S t . 4711c 259,500 72,180 187,320 35,300 13,313 60,000 108,718 217,331 1,468 1,285 2,570 36,811 31,846 16,668 15,936 22,069 17,424 6,291 2,892 7,027 FEDERAL RESERVE NO^E ACCOUNTS OF FEDERAL RESERVE AGENTS 747,269 206,787 282,033 131,063 228,101 431,100 71,537 88,107 98,362 276,060 29,200 41,920 28,299 49,810 266,877 24,700 17,940 24,833 471,209 177,587 240,113 102,764 178,291 164,223 46,837 70,167 73,529 4,980 44,670 298,889 70,152 310,901 2,924,912 912,601 17,732 63,000 52,370 247,901 2,012,311 186,698 4,400 8,780 21,160 10,230 27,733 11,771 13,701 2,745 7,321 4,252 131,000 106,389 160,000 34,000 86,000 110,645 186,225 56,218 86,530 47,942 76,255 110,391 531,656 178,778 269,011 105,847 179,806 225,288 303,331 13,136 16,726 106,401 3,227 922,545 2,500 155,651 98,580 929,598 42,403 61,266 270,957 2,261,875 10,012 3,414 3,928 1,946 1,505 5,066 1,689 1,211 110,056 10,575 1,453 4,000 50,986 67,016 13,052 1,394 44,000 17,274 75,720 2,765 28,360 45,074 79,199 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS Within 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 indebtedness 497,635 97,943 2,563 16 to 30 days 31 t o 60 days 38,974 64,062 62,158 86,618 1,870 6 l t o 90 days 28,832 79,029 ^1 days t o o months 8,458 14,801 6,145 Over 6 months 281 18,275 Total 636,338 342,453 28,853
@FedFRASER