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STATEME1^ FOB TEE PRESS Released f o r p u b l i c a t i o n Friday morning, Oct. l 6 ; not e a r l i e r St, 4690 Federal Reserve Board October 15, 1925. CONDITION OF FEDERAL RESERVE BAMS The consolidated statement of c o n d i t i o n o f the Federal Reserve banks on October l 4 , made p u b l i c by the Federal Reserve Board, shows an increase of $12,100,000 in holdings o f Government s e c u r i t i e s and o f $3/100,000 in acceptances purchased in open market, together with a decline of $4,200,000 in Foreign loans on gold and a nominal d e c l i n e in discount holdings. Total b i l l s a n d o | g c u r i t i e s went up $10,500,000, cash r e s e r v e s $7,300,000, and Federal r e s e r v e / c i r c u l a t i o n $14,400,000. The Federal Reserve Bank of New York reports a decrease of $17,000,000 in discount holdings, Chicago shows a decrease of $8,900,000, and San Francisco of $3,000,000, while the Boston bank reports an increase o f $14,900,000, Philadelphia of $5,200,000, Atlanta - $5,400,000 and Cleveland - $3,200,000. Smaller changes in discount holdings f o r the week are shown by the other reserve banks. An increase of $2,400,000 i n h o l d i n g s of acceptances purchased i n open market i s reported by the Federal Resorve Bank o f St, Louis, and an increase o f $2,700,000 by Boston, while the Cleveland bank shows a decrease of $3,100,000, Minneapolis of $2,700,000, and San Francisco of $2 ,200,000. Treasury notes on hand went up $11,300,000 and Treasury c e r t i f i c a t e s of indebtedness $200,000, while holdings of United S t a t e s bonds remained unchanged. The p r i n c i p a l changes in Federal reserve note c i r c u l a t i o n during the week comprise i n c r e a s e s a s f o l l o w s : Boston $5,100,000, Cleveland $4,500,000 and Philadelphia $2,300,000. 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 October l 4 , 1925, f o l l o w s : Increase or decrease during Week Total reserves . Go Id re se rve s +$7,300,000 + 4,700,000 ..... . . . . + 10,500,000 Total b i l l s and s e c u r i t i e s . . ...... 500,000 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 - 1 2 , 2 0 0 , 0 0 0 . .. . + 11,700,000 Other b i l l s discounted . . B i l l s bought in open market • •. -$250,900,000 - 271,300,000 +214,700,000 + 320,500,000 + 198,400,000 + 122,100,000 + 3,100,000 + 29,200,000 + 12,100,000 + 11,300,000 + 200,000 - 262,300,000 + 15>500,000 - 139*200,000 - 132,300,000 .. + 14,400,000 — 51,700,000 *, U. S. Government s e c u r i t i e s , t o t a l . . Bonds . . . Treasury notes C e r t i f i c a t e s of indebtedness ..... Federal resorve n o t a s i n c i r c u l a t i o n Year + - h,ICO,000 2»300 ,000 + 15,900,000 + 9,000,000 + 43,300,000 - 30 ,000,000 Released for p u b l i c a t i o n Friday morning, October 16, 1925/ not e a r l i e r . St. 4690a RESOURCES AH) LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED ( i n thousands of d o l l a r s ) Oct. lU, 1925 Oct. 7. 1925 Oct. 15. 1924 RESOURCES . 1,372,943 Gold held e x c l u s i v e l y against R. notes Gold settlement fund with P. R. Board . . Gold, and gold c e r t i f i c a t e s held by banks • 1,430,055 Gold with Federal reserve agents . . . . Gold redemption fund with U.S. Treasury Reserves other than gold Total reserves . . . . . . . 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 U. S. Government s e c u r i t i e s " Bonds C e r t i f i c a t e s of indebtedness . . . . . . Total U. S. Government 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 from foreign banks . . . . 57,112 733,661 602,348 2,766,064 1,974,799 39,915 2,014,714 626,083 396,580 103,723 2,869,78?- 2,862,481 3,037,377 83,30.7 3,120,684 48,045 48,409 38,279 308,213 335,335 643,548 287,014 320,381 323,648 644,029 109,851 283,944 197,261 55,638 55,618 249,811 18,695 39,873 400,911 157,736 324,124 598,522 2,420 10,604 2,007 261,122 19,473 336,233 2,420 6,400 1,275,615 639 920,079 61,535 18,583 TOTAL RESOURCES 1,365,341 58,906 1,424,247 748,208 588,933 2,761,388 101,093 1,265,121 639 713,311 .61,475 18,062 153,227 263,078 1,060,868 477 831,460 60,302 25,796 5,194,283 4,969,498 5,137,866 1,715,532 1,701,128 1,767,264 2,229,825 32,643 7,091 18,622 2, 238,154 16,732 8,306 19,865 2,186,481 2, 288,181 840,828 116,487 217,837 15,418 2,283,057 636,162 116,461 217,837 14,853 2,279,227 5,194,283 4,969,498 5,137,866 L I AB I L I T I E S P. R. notes in actual c i r c u l a t i o n Depos i t s : . . . . TOTAL LIABILITIES Ratio of t o t a l reserves t o deposit and Contingent l i a b i l i t y on b i l Is purchased for foreign correspondents . . . . . . C. 62,663 9,413 20,670 745,661 112,011 220,915 12,788 71.7# 71-8/6 77-1# 36,876 35 , 697 21,910 BANKS ON OCTOBER 1 4 , 1925RESOURCES AND LIABILITIES OF THE FEDERAL m ( i n thousands of d o l l a r s ) RESOURCES Boston 117,417 Gold with Federal Reserve Agents Gold redemption fund with U.S.Treas . 10,511 Gold held e x c l u s i v e l y against 127,928 F« R. notes Gold settlement fund with F- R. Board. Gold and gold c e r t i f i c a t e s Total g;old reserves Reserves other than gold Total reserves Non-reserve cash B i l l s discounted : Secured by U.S.Govt, 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 in 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 38.356 31,815 New York Phila. CI eve. 300,527 130,512 181,446 11,223 13,353 2,339 3 H , 7 5 0 144,365 183,785 234,956 35,765 71,412 342,133 23,862 50,805 211,667 3,420 '914,088 209,817 313,119 104,993 173,690 360,241 3,24l 7,580 2,381 2,907 1,085 17,383 52,593 54,445 47,103 33,235 204,862 1,430,055 26,194 8,004 23,226 18,787 36,847 7,431 25,103 3,722 65,176 272,322 2,869,787 43,045 2,650 2,099 1,566 77,475 2,754 34,646 979 82,553 2,788 6,846 23,086 26,782 308,213 335,335 9,634 27,674 17,691 49,868 22,772 643,548 287,014 6,397 23,678 39 , 505 28,248 6,125 20,628 1,178 3,407 3,376 6,823 77,845 17,156 48,270 5,133 30,075 21,921 67,753 37,514 26,753 11,028 4,585 21,897 10,199 585 18,428 50 4,229 7,965 21,990 1,021 1,191 4,253 836 12,398 19,928 23,879 844 1,096 1,197 18,873 93 7,558 9,020 19,063 2,320 595 30,976 5,444 14,330 44,651 20,163 16,578 685 339 262 883 294 66,588 150,801 58,238 1,257 7,916 70,328 474 1,728 Total b i l l s and s e c u r i t i e s Due from foreign banks Uncollected items Bank premises A l l other resources 115,428 317,560 639 228,511 17,179 3,761 92,230 126,662 59,136 9 1 , 8 8 5 87,471 1,289 7,948 328 • 317 73,427 2,446 594 733,661 602,348 68,012 82,836 79,051 59,5Q3 266,817 2,766,064 1,810 3,502 5,673 5,505 103,723 9,463 13,919 34,351 T o t a l _ G o v : t. securities 0 th ar s e c u r i t i e s Foreign loans on gold 36, 746 4,190 160 48,638 43,451 34,394 24,563 26,530 214,880 51,093 30,624 19,199 125 , 834 89,046 64,842 55,325 134,913 117,643 20,453 35,985 29 , 326 l 4 l , 1 2 6 36,681 2,611 86,320 10,873 9,664 838,839 203,992 306,002 100,974 166,850 345,089 6,84o 15,152 4,019 7,117 5,825 25,249 537 2,574 4,805 TOTAL RESOURCES Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total 53,459 132,528 114,953 19,462 46,555 42,349 31,637 202.0Q8 1,372,943 1,64 8 2,764 57,112 996 2,083 4,754 1,866 2,385 2,690 198,099 13,568 17,991 34,602 ;. 4oSOb 8,137 6,391 22,943 400 56 33,942 4,937 55,638 261,122 19,473 29,734 43,935 211 33,115 100 257 224 448 336,233 2,420 6,400 43,271 71,345 57,283 117,023 1,275,615 41,050 107,299 44,458 18,876 3,047 2,730 8,099 4,713 3,260 338 2,275 1,375 22,980 1,998 3 7 , 6 1 8 54,566 48,172 4,681 737 1,834 1,337 3,324 4,101 639 920,079 61,535 18,593 421,611 1,499,1a 396,634 537,898 243,553 289,624 635,395 187,981 154,079 209,587 164,814 453,986 5,194,233 RESOURCES AM) LIABILITIES Of THE FEDERAL RESERVE BAMS ON OCTOBER 14, 1925. (In thousands of d o l l a r s ) St. 4690c L I A B I L I T I E S F. R. notes in actual c i r c u l a t i o n Deposits: Member bank - reserve account Government Foreign "bank Other d e p o s i t s Total d e p o s i t s Boston 163,475 New York Phi l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total 355,695 148,255 229 , 540 84,311 157,598 147,051 4 i , 164 67,935 66,716 47,993 205,799 1,715,532 l44,586 3» 025 133 75 838,394 131,919 186,759 68,758 2,958 l,4a4 5,944 2,873 5,779 167 192 95 8,989 1,054 958 213 147,819 Deferred a v a i l a b i l i t y items 84,537 Capital paid in 8,606 Surplus 16,382 All other l i a b i l i t i e s 79 2 TOTAL LIABILITIES 11 ^6n Reserve r a t i o (per cent) ' 8.0 Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents 2,734 F.R. notes on hand (notes rec'd from F. R. Agent l e s s notes in c i r c u l a t i o n ) 17,9^9 31,967 58,749 3,924 11,515 20,059 511 3 3l+ 7u't 75-4 74.2 9,910 3,435 112,825 33,885 a 13,058 22,462 l , 313 74.0 3,956 F.R. notes issued to F. R. Bank C o l l a t e r a l held as security for F. R. notes issued 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. BoardE l i g i b l e paper 181,424 468,520 182,140 245,079 35,300 12,117 136,698 Total c o l l a t e r a l 107,038 224,455 •? 8,780 27,829 10,323 12,666 11,701 ,1,055 3,862 83 61,196 163,899 2,229,825 59 152 85,943 1,106 72 593 915 63 91 1,592 32,643 16,477 3,187 41,235 4,265 1.139 680 41,755 4,332 7,592 877 53,239 8,194 15,071 1.418 840,828 116,487 217,837 15.4-13 2,061 7,091 1,291 503 4,64s 18,622 84,042 335,446 86,310 57,844 87,7i4 62,265 170,265 2,288,181 4,630 15,623 44,659 5,126 997 1.961 751 8,950 2 30,426 9,971 7,497 8,977 126 2U iS' ?H G35.395 187,981 154,079 209,587 164,814 453,986 5,194,283 67.2 71.9 60.8 74.7 67.3 53.5 59-1 72.4 71.7 1,958 1,515 5,098 1,699 1,219 1,478 'fcB a K 97,278 180,747 162,644 21,160 10,230 2,79 9 6,298 ^ 48,072 1,288 2,586 36,876 5,450 40,443 295,216 %% 71,836 73,323 10,575 13,052 4,309 1,387 1,503 86,000 115,389 160,000 29,500 116,000 110,644 216,538 59,146 94,974 .50,140 51,952 105,093 7,500 37,755 2,989 32,000 39,360 26.026 37,839 517,065 189,65s 276,420 103,599 184,450 220,046 57,217 72,581 SO,183 71,925 311,242 2,951,640 18,482 65,000 940.892 53,443 246,242 2,010,748 17,136 3,001 17,709 11,500 184,389 27 . 29 8 71,803 m W H W9 307,731 102,930 962,282 885.602 58,935 273,901 2,258,545 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 16 t o 30 days 31 to 60 days 6l to 90 days 91 days to Qv=r 6 months rn Within 15 days B i l l s discounted 74 55 4,406 248 15,539 12,967 15,539 12,967 23,149 15,593 6,908 3,901 6,607 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS S « 4,800 5,984 2 268,304 70,000 2,477 856,120 134,564 193,853 71,939 192,666 81,730 77,672 68,563 33,407 104,888 F.R. n o t e s rec'd from Comptroller F.R. notes held by F. R. Agent 86,880 81,436 329,501 81,862 55,572 8,675 m Total 19,473
@FedFRASER