The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOB THE PBESS Released for publication Friday morning, Oct. 13; not earlier. S t ,3095 Federal Eeserve Board, Oct. 12, 1922. CONDITION OF FEDERAL EESERVE BANKS. A ggregate in cre a ses o f $90,600,000 in the h old in gs o f discounted b i l l s and o f $11,2Q0,000 in those of b i l l s purchased in open m arket, as a g a in s t a redu ction by $8,800,000 in Government s e c u r ity h old in gs are shown in the Federal Reserve B oard's w eekly bank statem ent issu ed as a t c lo s e o f busin ess on October 1 1 , 1922, D eposit l i a b i l i t i e s in creased by $44,500,000,and Federal re se rve note c ir c u la tio n - by $45,500,000. Gold reserves show a gain o f $700,000, w h ile oth er cash r e se r v e s, i . e , , s ilv e r and le g a l s , decreased by $3,700,000, The reserve r a tio shows a d eclin e fo r the week frcan 7 7 .4 to 7 5 .7 per oen t, S h iftin g o f g o ld through the g o ld settlem en t fund proceeded on a r e la t i v e ly moderate s c a le , S t. L ou is rep o rts the la r g e s t in crea se in gold reserves fo r. the week, v i z . , b y $9,300,000, fo llo w ed by A tla n ta w ith an in crease o f $5,400,000. S n a ller in cre a se s t o t a lin g $22,300,000 are shown fo r s i x o th er reserve banks. Chicago rep o rts the la r g e s t decrease in gold r e s e r v e s , v i z . , b y $16,400,000, Boston rep o rts a decrease o f $9*900,000, New York - a decrease o f $9>300,000, and Kansas C ity - a decrease o f about $700,000, H oldings o f paper secured by Government o b lig a tio n s show an in crea se fo r the week from $156,300,000 to $232,300,000, Of the t o t a l h e ld , $142,500,000, or 6 l,4 per c e n t, were secured by L ib e r ty and other U. S. bonds] $3>700,000, or 1 .6 per c e n t, by V ic to r y n o tes; $32,100,000> or 35»3 Per c e n t, by Treasury notes ahd about $4,000,000, or 1 ,7 per c e n t, by Treasury c e r t i f i c a t e s , compared w ith $110,000,000, $4,000,000, $36, 500,000 and $5,800,000 reported the week b efore, A summary o f changes in the p r in c ip a l a s s e ts and l i a b i l i t i e s o f the reserve banks on October 1 1 , 1922, as compared w ith a week and a year ago, fo llo w s: In crease or Decrease In m illio n s o f d o lla r s O ct. 4. 1922 SAOfie O ct. 1 1 . 1921 Total reserves .....................* . . . Gold reserves.......... + .7 3.0 + + + 93.0 * . 434.2 + + + 90.6 76.0 14 ,6 - 877.6 270.5 6 0 7.1 Purchased b i l l s . . . , . . . . . . . . . + United States securities, total ........ ..Bonds and notes . . . * . Pittm an c e r t i f i c a t e s . , » . . . . Other Treasury c e r t i f i c a t e s . . . . . . + 1 1 .2 8.8 l6 .9 2 .0 1 0 ,1 + + + + 18 5,2 258.2 202.5 1 16 .9 172.6 Total deposits........ .. . ............. + Members' reserve deposits . . . . . . . + Government deposits' . . . * . . * . . . . Other deposits . . .......... . . . . - 44.5 48,3 2.4 1.4 + + - Total earning assets D iscounted b i l l s , t o t a l . . . . . . . . . Secured by U. S. Government o b lig a tio n s Other b i l l s d iscoun ted . . , . . . . . Federal Reserve n o tes in C ir c u la tio n F* Rv Bank notes in circulation, . net li a b ilit y . . . . . ...... . . . . . . . . . . - 333.1 361.1' 197.4 244.7 41.8 5*5 + 4 5 .5 - 15 6 ,2 - 2. 0 - 55, 2 Released, for publication Friday morning, Oct, 13, 1922; not earlier. RESOURCES AND LIABILITIES St. 3095a OP THE TWELVE FEDERAL RESERVE BANKS COMBINED. ( in thousands o f d o lla r s ) RESOURCES Gold, and gp ld c e r t i f i c a t e s . . . Gold settlem en t fund. F.R ,Board T o ta l gp ld h e ld b y banks . . Gold w ith F ed eral Reserve Agents Gold redemption f-und . . . . . . T o ta l g o ld reserves . , , , . L egal tender n o te s, s i l v e r , e t c . T o ta l reserves ............... B i l l s d iscou n ted : Sec. b y U ,S, Government o b lig a tio n s Other, b i l l s discoun ted . . . . . . B i l l s bought i n open market , . . . Tot^X b i l l s on hand . . . . . . . 1 f j U, S. bqnds and notes . ............ .. U, S. C e r t ific a te s of in d ebted n ess: One-year c e r t i f i c a t e s (Pittm an A ct) Other c e r t i f i c a t e s . . . . . . . . M unicipal warrants T o tal earn in g a s s e ts ............ Bank prem ises ............................ .. 5 fo Redemption fund a g a in s t F. R. Bank notes . . . . ............ U n co llected item s A l l other resources . . . . TOTAL RESOURCES . /. . L I A B I I* .I T I E S C a p ita l p a id in . . . . . . . . . Surplus D eposits: Governm ent............... .. . « . Member bapk - reserve account Other d e p o sits ..................... T o ta l d e p o s its . . . . . . . F,R, nof c es i n a c tu a l c ir c u la tio n F.R. Bank n o te s in c ir c u la tio n net l i a b i l i t y . . . . . . . . Deferred a v a i l a b i l i t y item s . , A ll oth er l i a b i l i t i e s . . . . . /TOTAL LIABILITIES Ratio of to ta l reserves to deposit and F«R, note li a b il it i e s combined . , . O ct. 11, 1922 265,341 570,599. 335,940 2,192,940 61,100 3,059,930 120.037 3 ,210,017 O ct. 4. 1922 O ct. 11. 1921 270,158 568.241 446,962 426,998 333,399 2,194,932 55j 2J& 3,089,280 123.725 3,213,005 873,960 1,732,113 122,849 2,728,922 148.011 2,376,933 246*620 156,318 277,373 235,458 502,791 899,615 61,221 771,406 236,145 669,654 253,042 1,463,799 46,000 48,000 182,299 , . 15 162,875 1 , 153,010 44,522 1,630,192 232,280 292,506 192,419 15 1,245,935 44,605 3,764 -649,335 15,114 5 , 168,870 3,352 631,701 14,604 5 ,060,694 33,656 19,862 30,052 567,681 16,697 5 , 180,332 J A T i 103,070 106,271 106,220 215,393 215,393 213,824 12,457 1,390,841 18.927 1,922,225 2,320,115 14,90 1 1,842,50 8 54,270 1,646,099 24,496 1,724,365 2 ,476,311 20,2S8 1,877,697 2,274,651 44,726 42,715 537,399 24,247 513,334 23 .66s 97,933 489,403 74,926 5,168,870 5,060,694 5,180,332 75.7$ 77,4$ 6s, 5^ Released for publication Friday morning, Oct. 13 , 1922; not earlier. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, OCT. 11, St. 1922 . 3095b (In thousands of dollars) R E S O U R C E S Federal Reserve Bank of Gold and gold certificates Gold settlement fund - F. R. Board Total gold held by banks Boston 16,001 29.362 45,363 New York ©hila. 150,261 131.679 281,940 Cleve. 6,211 13,774 63,061 40.771 46,982 76,835 Rich. Atlanta Chicago St. Louis Mim. Kans.Cy- Dallas San Fran. Total 265,341 5,520 25,649 7,470 3,960 9,587 20,254 2,777 3,877 40,755 27,640 107.426 23,742.. 22.436 .27x209..... 25^J0 _.3,0^948..... 570.. 599 835,940 29,906 29,980 35,157 51,202 44,715 33,160 133,075 27,619 731,405 166,879 180,094 61,853 102,334 383,183 3. 4?4 1.709 14,240 8,075 6.564 3j802 70,609 Gold with F. R. Agents Gold redemption fund 179,736 Total sold reserves Legal tender notes, silver, etc. 236,370 1,021*420 220,425 260,737 110,042 137:203 530,498 100,477 in.m? R6....... 16.414 6 .S60—> 5.942 5,321. _,r ,r r ...... ■ ■ . 33 ^ . 7.... ..... .... 7,913 ----- ----—■- 19.610 245,402 1 , 055, 20b 236,839 268;b50 116.902 143,145 550,108 105,798 Total reserves Bills discounted: Secured by U. S. Govt, obligations Other bills discounted Bills bought in open market Total bills on hand 11.271 11,652 22,775 20 t6l 7f Cv 55,044 11,172 U. S. bonds and notes tJ, S. Certificates of indebtedness:: One-yeai cert if ica oes (Pittman Act)> 2,750 2,730 17,627 Other certificates Municipal warrants Total earning assets Bank premises 5 % Redemption fund against F. R. Bark notes Uncollected items All other resources TOTAL RESOURCES 2 , 06b 110,261 29*359 21,693 13,849 40,006 10,917 14,386 27,789 30,246 4,205 85,589 -■ /.■ /-zil— 944 ^ J*J'*J 19,846 ..»/36,962 235,856 60,122 73,041 42,582 36,517 140 1,241 68,797 23,617 27,646 11,500 74,104 3,000 3,000 6,454 29,065 390,257 5,251 9,647 603 422 574 134,828 250 0 2,999 2,031 50,605 544 6,464 2,571 1,781 25,710 188,988 2,192,940 . 61.100 1,728 ...1,3.54......4^154 74,382 91,261 62.221 244,94-4 3, 089,980 1>0,037 3-572 864 3,599.. 6,124 75,24b 94,860 68,345 248,516 3 , 210,017 42,602 1.874 59,547 8 .0 0 0 8,029 26, 544' 43,622 232s280 292,506 246,620 30,625 7S*195 771,406 27,536 2,816 37,682 236,145 2,821 13,051 1,900 24,713 41,148 17,711 5,131 18,049 9,023 2,366 1,671 22,190 17,321 101 1,490 21,135 83,572 32,203 18,761 23,861 19,788 7,199 •3.571 2,500 9,538 6,167 27,809 4,232 93»i93 132,752 -46,783 41,687 127,086 86,593 61,471 Kin 2,960 2.249 58,767 952 7,704 468 665 223 173 239 56,113 57,938 26,033 74,555 43,99s 504 . l4l 649 1. 2?6 531 ■ ~ ~----------------- 400,649 1 , 592,900 382,094 465,444 224,898 213,255 760.767 210,242 2,820 3,765 2,832 11,461 46,000 192,419 151,245,985 ___15 36,395 63,196 961 5,060 2,093 1,518 44,605 110 400 146 28,456 94 3,764 18,646 49,523 1.267 675 39,106 130,170 47,159 1.905 .... 4 ,174 . 132,625 213*714 140,051 432,231 649,385 15,114 5 , 168,870 Released for publication Friday morning, October 13, 1922; not earlier. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS OCTOBER 11, 1922. st, 3095c. (In thousands o f d o lla r s ) L I A B I L I T I E S Dallas San Fran. Total Boston New York Phila. Cleve. Rich. At lanta Chicago St.Loui s Minn. Kans. Gy F ed eral Reserve Bank 3,562 7,607 166,271 5,b3S 4,199 4,567 9,194 11,689 27,805 4,343 14,745 4,787 C a p ita l p a id in 8,135 7,46s 9,646 9,388 215,398 9,114 7,394 15,199 11,030 29,025 16,453 60,197 17,945 22,509 Surplus D e p o s its : 12,457 1,542 1,600 840 2 ,221 1,005 967 1,097 277 69 835 1,991 Government 13 1,890,841 44,821 79.816 49,364 256,908 65,252 769,834 106,347 147,265 59,273 51,331 135,335 Member bank - reserve account 125,295 150 . ..3.J..2QI. 522... 18,927 521 ....... 176 60 132 7^0 691 ll,4io 105 613 Other d e p o sits 125,440 T o ta l d e p o sits 781,313 107,795 149,996 61,554 51,011 257,876 67,373 45,837 81,305 52,456 140,239 1,922,225 611,984 198,-913 226,320 93,270 123,783 390,979 82,941 56,403 66,528 43,964 225,648 2,320,115 F. R. n otes in a c tu a l c ir c u la tio n 199,382 F. R. Bank notes in c ir c u la tio n 2,382 2,843 3,382 1,806 1,569 2,285 2,508 2,088 9,681 5,714 42,715 2,932 5,525 n et l i a b i l i t y 41,423 16,101 39,538 47,554 49,943 27,936 96,588 44,o6s 59,030 537,899 44,937 20,956 49,825 D eferred a v a i l a b i l i t y item s 24,247 2,431 1,448 1,690 948 1,206 3,398 5,332 1,178 1.205 1.671 2.173 1,567 A ll other l i a b i l i t i e s 400,649 1,592,900 382,094 465,444 224,898 213,255 760,767 210,242 132,625 213,714 140,051 432,231 5 ,168,870 TOTAL LIABILITIES R atio o f t o t a l reserves to d ep o sit and F. R. note l i a b i l i t i e s 84. S 70.4 73 .6 64.2 7 5 .7 combined, per cen t 70.9 67.9 7 7 .2 7 1 .4 75 -5 S i.9 75 .9 75.7 Contingent l i a b i l i t y on b i l l s purchased IIS'! Iff3 836 1,479 11,590 2,163 2,637 1,575 3,826 1,511 868 fo r fo r e ig n correspondents 2,347 -775' FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION 841,433 217,226 238,371 100,122 128,990 426,797 100,824 59,252 76,214 47,520 257,242 2,708,014 F. R. n otes ou tstan d in g 214,023 3.556 31,59 4 387.899 229,449 18 ,313 12 ,0 5 1 6,852 5.207 35,818 17,883 2,849 9.686 F. R. notes h eld by banks l4 ,6 4 l 43,964 225,648 2 ,3 2 0 ,115 F, R. n otes in a c tu a l c ir c u la tio n 199,382 611,984 198,913 226,320 93,270 123,783 390,979 82,941 56,403 66,528 DISTRIBUTION OF BILLS, U. S. CERTIFICATES OF INDEBTEDNESS AND MUNICIPAL WARRANTS BY MATURITIES W ithin 15 days 16 to 30 days 31 to 60 days 6 l to 90 days Over 90 days T o ta l B i l l s d iscoun ted 339,574 52,24o 70,095 45,007 17,8 70 524,786 B i l l s bought in open market 70,709 43,587 63,963 54,021 . 14,340 246,620 - U. S. C e r t if ic a t e s of indebtedness 29,620 • 3,100 15,863 63,035 126,801 238,419 M unicipal warrants 3 12 15 Released for publication Friday morning, October 13, 1922; not earlier. St.3095d FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS OCTOBER 11, 1922. (in thousands of dollars) Federal Reserve Agent at Boston New York Phila. Cleve. Rich. Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Fran. Total 9,620 12,770 76,214 13,708 56,910 781,292 47,520 257,242 2,708,014 3,187 56,360 416,509 126,343 19,889 15,000 169,099 1,649,588 16,667 21,810 8,750 R E S O U R C E S Federal Reserve notes on hand 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 T0TA1, 82,200 214,023 34-7,410 24,£ 841,433 217,£ 5,300 363 ,184 37,221 9>S 331,000 156,£ 11,436 163,000 34,287 20,757 ' 110,028 116,710 50,3 c 29,440 29,050 68,764 78,240 28,360 23S ,371 100,122 128,990 426,797 100,824 13,275 11,519 155,000 58,277 14,270 — 2, 4qc — 4,058 57,795 4,934 11,610 15,538 3,199 55,800 95,000 367,645 38,269 2b ,656 3,363 9,710 43,614 39,958 30,215 1,988 59,252 13,053 2,549 27,000 16,650 6,479 7,687 3,120 3,023 68,254 9,879 515,074 235,972 531.003 2 , 146,986 46o, 26o 520,452 232,657 336,454 971,792 231,996 134,603 168, 31 s 117,498 581,273 6 , 433,292 L I A B I L I T I E S TOTAL * V FRASER Digitized for 179,736 55,044 O 0 01 Collateral received from Federal Reserve Bank: Gold Eligible paper 296,223 1,188,843 242,046 267,811 129,172 197,754 505,037 129,184 U1 Net amount of Federal Reserve notes received from Comp troller of the Currency 731,405 166,879 180,094 226,738 51,335 72,547 61,853 102,334 383,183 36,366 83,572 41,632 70,609 32,203 68,872 88,984 61,228 314,152 3 , ^ 9,306 42,602 23 ,129 59,547 19,787 25,710 188,988 2,192,940 751,046 30,560 78,133 2,146,986 460,260 520,452 232,657 336,454 971,792 231,996 134,603 168,318 117,498 581,273 6 , 433,292
@FedFRASER