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STATEMENT FOR TEE PRESS
St. 4275
Fac'leral R13se:rve Board,
Octob8r 16, 1924.
Ral~ased
for publication
Friday morning, Oct. 17;
not earlier.
CONDITION OF .FEDERAL m;SERVE BANKS
The consolidated statement of condition of the Federal :reso:rve banks on October
15, made public by the Federal Reserve Board, shows further·increRSe s of $21,900, OCO
in holdings of acceptances purchased in open market and of $17, 300;000 in Go•1ernment
securities, together with a net liquidation of $3,300,000 in hold.ings of discounted
bills. As a result of these changes total earning assets rose to $i,060,900.000, or
$36,100,000 above the amount held a week ago, Federal res!':rve note circulation increased by $9,800,000 and total deposits by $2~ 700,000, while cash reserves declined
by $11,000,000.
The New York reserve bank reports a reduction of $9,600,000 in its holdings of
discounted bills, Dallas a r~ducticn of $1,700,000, while the Cleveland and Richmond
banks report additions of $6,600,000 and $1,)300,000 :r-:espt.Jctively to theirholdings.
The remaining banks show relatively smaller thanges in holdings of discounted bills
f~r the week.
Ho).dings of paper secured by Governmdl t obligations declin-:d by
$6001 000 t 0 $109 19001 000.
Larger holdings of acceptances purchased in open market were reported by all
Federal reserve banks except Richmond and M:in:r:Eapolis, the Ftoderal ~eserve bank. of
New York showing an increase of $9,600)000, Boston an increase of $6,100,000 ard
Philadelphia an increase of $2,100,000. The System•s holdings of U. s. C,;;lrtificat.as
of inclebtedness increased by $13,700,000, of Treasury notes by $3,000,000, anl of
U. s. bonds by $6Qo;;ooo. A total increase of $16,ooo,ooo in Government security
holdings is shown for the Federal Reserve Bank of New York.
All Federal reserve banks report a larger volume of Fed0ral rl3serve notes in
circulation, except New York, which shows a decline of $2,000,000. Th..; Philadelphia
bank reports the largest increase - $3,400,QOO, Boston shows an increase of
$3,200,000, and Richmond of $1,900,000. Gold reserves d~clined by $~,600,000 during
the week, ~eserves other than gold by $2,300,000 and Nan-resGrve cash by $3,500,000~
A summary of changes in the principal assets and liabilities of tha T<lserve
banks during the week and the year ending October 15, 1924, follows:
Increase
cr
decrease
Year
Week
Total reserves • •
Gold reserves
f
I
during
- $11' ooo, 000
$7 7, 300. 000
E7 ,800, 000
s,6oo,ooo
Total earning ass.;;ts ••
Bills discounted, total • • • •
Secured by U.S. Government obligations
Other bills discounted , • • • . . • •
+ 36,100,000
Bills bought in open market , • . • , •
+ 21,900,000
+
6, 700,000
U, S. Government securities, total ••
+
+
+
+
17,300,000
600,000
3,000,000
13,700,000
+
+
+
+
504,500,000
20,100,000
334, 4CD I 000
149,900,000
Federal R3serve notes in circulation
+
9,800,000
Total deposits ••. , .• , . • . , ••
Members' res0rve dGposits • . . , ,
Governmcmt deposits • , , • . . . . •
Oth.;r deposits • • • • . . • . • . .
+
23,700,000
J,OOO,OOO
25,100,000
1,600,000
Borxls . .. . , . . . . . . . . . , .
Treasury notes • . • . . • . . . •
C0rtificat~s of indebtodness • , •
73,500,000
591, 400, 000
:3,300,0JO
6oo,oou
2, 700,000
+
+
27b,300,0GO
315,tOO,OOO
505,100,000
+
+
+
+
303,900,000
270,700,000
26,100,000
7,100,000
St. 4275a
Released for publication Fri.:'lay morning, October 17, 1924.
RESOURCES .AND LIA3ILITIES
OF THE TWELVE FEDERAL RBSERVE J3.JJJI~ CCTIBTNE1)
(In thousands of Clollars)
.Q£~1-19_24
_Oct JJ.9_24
RE S 0 URCES
1,974, 799
39,915
F.R1 notes 2 • 014 ,7 14
1,984,893
39,605
2,024,498
626,083
396,580
619' 128
402,320
3,037,377
_ _!3,307
3,120,684
38,279
3,045,946
Gol<i with Fe<ie:ral :reserve agents
Gol~ rectemption funct with U,S,Treasury
exclusiv~Jx_~gainst
Gold held
Gold settlement fun0 with F. R. :3oard
Gold anc1 golc1 certificates held by baYlks
Total golct :res;.;rv0s . .
Reserves other than g olc1
Total :reserves
Non-r0s.:JrV0 cash . . . . . . • . . . .
Bills discounted:
Sec. by U. s. Governnent obligations
Oth0r bills discounted . .
Total bi 11 s eli sc oun tecl
'
••
f
'
..
Bills bought in open market •
U. S. Government securities~.
Bonds . . • . ,
. .
- . • .
•
Treasury notes • • . . . .
Certificates of inc'lebteoness
Total U.
s.
Government securities
All other earning assets . .
Total earn igg__§!ssets •
• ,
5% Redempt icn fund - F. R. Bank ·1otes
Uncollected. items ,
Bank premises . . • • . . • ,
All other resources . . . •
..
TOTAL F.ESCURCES
109,851
153,227
-~,69~
3,131,640
46,771
263,078
110,444
155,944
266,388
197,261
175 '392
39,873
400,911
157,738
39,316
397.916
___!4 3, 98 2.
598.522
581,221
1,750
__E.,007
1,060,868
-
1,024, 751
831,46o
60,302
26,273
5,137,866
626,384
'60,070
--~6!_~62_
4,916,085
1, 767,264
1, 757,452
2,186,481
62,663
30,083
2,279,227
2,189 '536
37,546
L I AB I L I T I E S
F, R. notes in act~~ circulation
F. R, Bank notes in circulation - n0t
Deposits:
Member bank - :reserve account . . • .
Government , • . . .
Other deposits . . . . . .
Total Cleposits . . . .
745,661
112,011
220,915
Deferred availability items .
Capital paid in . • . •
Surplus • . . . . . .
All other liabilities
-~788
TOTAL LIABILITIES . .
5,137,866
Ratio of total rBSt;iT'Vt>S to deposit and
F. R. not:;> liabiliti<>s cornbil:H:Jd ••
77.1%
Contingent liability on bills purchased
fo:r foreign co:r:r8spcndents • , . . .
21,910
c.
~,469
2, 255' 551
557,432
111,981
220,915
12,754
St. 4275b
. Rd<aased for. publication Fr.ida,y mcrning, October. 17, 1924; not aar.li0r..
RESOURCES AND LIA3ILITIES OF THE FEDERAJ~ RESERVE BANKS AT CI10SE OF BUSINESS, OCTOBER 15, 1924.
Rasarve Ba.."lli: of
Golc:l with Fed e:ra1 R.J s-.:::rve Agents
Gold r;::0emption funn with TJ.S.Treas.
RESOURCES
(In thousands of d ollar.s)
Cl.ava. Rich. Atlanta Chicago St.Louis Minn.
Boston Naw York Phil a.
206,210
509,814 181,341 217,722 53,978 129,822 211,250 54,230 63,155
51t~
4,.135
4, 767
1,531
2, 369
5, 339
6' 344
9 ' 85 3
644
Gold held exclusively ag[l.inst
~Y..:.....n ot e s
C..olc:i settlement fund with F.R.Boa:rd
Gold and gold certif. ha1cl by banks
210,977
65,557
20,567
516,158 191,194 218,366 6o, 5VJ 132,191 216,639 58,415 63,669 64, 72!J
148,404 :)7 ,854 67,044 3,1' 668 14,698127,925 17,259 20,701 32,2&:
7,768 79,031 10,239
167,572 26,743 17,985 N, 794
7,832 4,669
Total 1oln :reserves
R3sarves othar than gold
297,101
8,137
&32,134 255,791 303,395 106,971 154,657 423,595 85,913 92,202 101,677 80,437 303,454 3,037,377
1,022 2,435
2,126
4,431
18,304
7,830
2,929
83,307
9,207 10,966 10,605
5,315
305,233
350,438 257,917 308,710 111,402 Jb3,864 434,561 96,518
F~~~:ra1
Total :r;;sc:rv<.::s
Non-r3S~1'"V\3 cash
Bills discount0d:
Sacu.rad by U. s. Govt. obligations
Other bills discountad
2~ 769
13,034
585
2, 786
1, 774
3,331
5,417
4,885
3,754
47' 795
17,491-
11,090
6t832
19 ,0~8
7,160
8,810
26,240
2,502
22,557
7,036
20,067
l
'!'otal bills discounted
i
8, 039
65,289
17,922
26,248
35,050 25,059
5,036
13,319
Dallas San Fran. 'Total
62,766 49,534 229,977 1,974,799
1,342
1,023
1,954
39.915
"'
93,224 104,112 88,317 306,383 3,120,684
2,188
571
1,769
1,398
2,607
3f: ,279
4~939
129
7,958
684
6,367
821
5,830
2,072
11, 1C9
109,851
153,227
27,103
8,087
7.551
',6, 701
13,181
263,078
4oo4
,
15,496
6,444
2,502
5,353
6,848
15,623
19 7,261
600
7, 780
1,8}4
1,121
19,469 42,056
6,992 17,163
39,3 73
40J,911
157,738
26,295
ou, 34-.:-
598,522
2,007
i Bills bought in open market
I
u.. s. Gover.nmant sa cur it ies:
[
Bonds
I
r
Trt:asury notes
I·
C"'rtificat0s of inclebt0dness
18,195
103,941
1,037
26,796
11,023
·4,902
139,394
59,020
5,115
749
25,426 38,223
5,277 21,405
1,191
2,811
991
1,235
1, 393
605
12,667
53,143
17,823
12,715
3,454
1,642
24,436
15,043
4,872 9,107
I
38,862
203,316
31,452
4,993
3,233 83,633
16, 769
27,695
35,135
. 7
250
!
I
l
f
t
f
Total U.
s.
Govt. securities
All oth0r earning
~ssets
Total earning assets
Unco110cted items
Bank premises
All other resources
l
TOTAL RESOURCES
c.
64, 749
1,750
65,696
62,114
4,312
185
56,160 1o4, 316 40,04 3 32,296 126,232 45,461
210,193 82, 046 63 J 652 62,482 29; 700 105,573 42,638
16,720
1,112 9,129
2,875
8,264
2,528
2, 734
24o
1,818
250
9,289
302
159
583
372,546
50,557 231,319 2,014, 714
22,446 40,239
626,083
7,484 31,896
396,580
17,309
22,248
l
I
~r
Laf!S•'-'Y•
41,344 89,144 1,060,868
331,460
17,997 47,379 32,539 50,147
1,912
6o, 302
3,001
4,596
3,119
4,6o4
865
3,419
4,559
26,273
38,291
48,839
460,314 1,472,220 398,122 493,833 218,479 233,934 680,630 189,698 157,688 207,560 169,429 455,959 5,137,866
St. 4C:75c..
Released for publication Friday morning, Octooer 17, 1924; not earlier.
15, 1924.
RESOURCES AUD LIA!3IT.. ITIES O.F THE .FEDER!\J.. RESERVE BANKS AT CLOSE O.F BUSINESS, OCTOBER
LIABILITIES
(In thousands of dollars)
F ~.eral R.:>s-3:r.ve Bank of
Boston
N0w York
Phila.
Clev0.
Rich.
F. R. notes i."l actual circulation
203,863
309,£13 15b,995 212,582
D-3posits:
Member 'uonk - r0serv0 account
G.ov->n'lmvnt
~ Otl:l0r deposits
149,916
4,562
340
858,001 124,931 132,005 62,510
15,140 12,810 4, 766 5,059
13, 6oo
126
772 1,218
154,818
t91, 741 135,513 15 7,969
Total clcposits
Deferred availability items
CC:Lpital p?.id in
Surplus
All other liabilities
TCT;~
LIABILITIES
76,9~~
7,99b
16,390
251
178,533 71, 765
30,195 10,402
59,923 19,927
2,0CJ9
520
Atlanta C:.ticago St.Lou.is Milh'"l.
75,351 136,177 211,918
56,661 69,107
Kans.~·.
Dallas San Fran. Total
67,922 56,248 210,127 1, 767,264
bl, 381 315,323 73,518 57,012 50,437
1, b75 5,005 1,903 3,550 3,333
s6o
1,170
971
139
35C
------
58,206 163,236 2,186,481
62,663
1,994 2,866
5,\}JS
30,083
439
67,695 63,195 321,503 76,392 60,912 84,630 60,639 171,200 2,213,c27
745,661
5 5,807 56,461 19,681 100,168 40,991 15,503 401556 39,038 50,156
1 '"'
4,146 8 OS4
112,011
ii-,35~
5,122 3 ' 3 -...c:.
12,795 5,883 4,573 15,179
'
23,691 11,672 3,950 30,426 10,072 7,454 Ci,4~6
7, 577 15,.)01 220,915
1,111
460 1, 371+
12,788
1,436
t'02 1, 781
969
917 1,358
.
•
__ .I
··--
460,314 1,472,220 3518,122 493,c33 218,479 233,934 630,630 139,693 157' 686 207,500 169,429 455,959 5,137,866
Ratio cf total res~r.vcs to deposit
and F. R. note liabilities
comb in3c'!, p3r cent
77.1
70.5
Contingent liability an bills
purc,'la.sed for f o:r.e ign
c o:rr::;3pond cmt s
9, co7
1, 765
2,129
72-5
1, 037
801
2, 712
892
68.2
71.7
655
77.1
1, 31! 3
837
21,910
FEDERAL nES.EBVE NOTES OUTST.AJ."'IDING .AllD IN ACTUAL CIBClJLATION
F. R. not3s outstand.ing
F. R. notes held by banks
222,147
612,463 198,829 230,515 82,956 153,062 225,475
17,933
7,105 16,885 13,557
F. R. notes in actual circulation
203,863
3C9 ,813 156,995 212,582
Within 15
d~s
Bills discounted
Bills bought in open market
U. S. C0rtificates of indebtedness
:Vhz:i.0ipal warra."lts
c.
S2,Z&9
6,2C£
72,075
2,968
74,230 62,066 247,661 2,244,363
b,308
5,313 37,534 477,104
75,85.1 1,36_, 177 211,918 56,661
69,107
67,922
~L234___l_o2,b50__!±~,334
56,248 210,127 1, 767' 2e.t-
V.'arr ants
DISTRI13UTICN OF BILLS/ AND U. S. CERTIFICATES OF ITITDEB'rEDNESS BY MATURITIES
158.990
92,819
13, oco .
"}.Vlun~ c.~ pal
16 to 30 clays
31 to 60 days
29 '504
23,436
42,674
44,641
2.!511
61
to 90 clays
24,376
25,561
65,854
F:r.crn
to
9l dcys
6 months
7' 194
5,804
20,081
Ovar 6 martJ.ths
340
56,292
7
Total
263,078
19 7, 261
151, 7~
7
I
Re1oased for publicaticn .Frio~ morning, Octo"Qer 17, 1924; not oa:r.lior.
St. 4275d.
FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, OCTOBER 15, 19 24.
(In thousands of d clla.:rs)
Federal Reserve Agent at
Boston
New York
Phila.
Cleve.
Rich.
Atlanta Chicago St.Lcuis Minn4 Kans.Cy. Dallas San Fran.
Total
RESOURCES
67 ,150
Jl~ s..:orve notes on hanc1
R.;sa:rve notes oi:ltstaro ing 222, 11+7
Collateral security fo:r. F.~deral
R,:;se,·ve notes out stanci. ing:
35,300
Gclc1 ano g ol.:l certificates
1-(' 910
Goln :r.·eoemption fund
153,000
Gold fu.:..'l cl - F. R. Boa.:r.d
E::i. igi bJ.e paper 15,937
.Arno,.mt :r.equired.
10~897
Excess amount held
F.::<'l-3ral
Fa(~e:r.a1
TOTAL
239.760 48,16o 53,520
612,463 198,329 230,515
33,720 7:J, 6oo 239,920
32,956 153, o62 225,4 75
25,700
62,339
7!800 8,780
238,531
30,233 10,652 13,91l2
241,000 162,839 195,000
3,500
6,322
3,183
5,605
55.795 120,000 205,645
9,935 13,052
3,245
1,353
41,000 43,750
102,649
53,354
23,978
10t_908
17,4SS 12,793
1,317 25,29,2
23,240
5, 668
14,225
8,659
23,196 19,999
13,531
72,075
8,920
523
2 7,393
71+,230
17,357 71,100
912,911
62,066 247,6612,244,368
14,556
331,504
4,478 13,2l~6
3,406
113,625
30,500
216,731
59,360
1, 529' 670
11,464 12,532
1,31Q___:_ 792
17,684
10,019
269,569
169,636
522,341 1,518,540 447,635 539,753 210,540 332,392 719,o66 171,477 163,204 177,663 142,2.31 576,441 5,511,333
LlABlLI'riES
Net amount of Fed~ral Reserve notes
received from Comp-troller
of the Currency
239 1 297
352,223 246,939 234,035 116,676 223,662 465,395 88,539
90,606 101,623
Collat.era.l received frcm
Federal resa:rve bank:
Gold.
Eligible paper
509,814 181,341 217,722
156., 503 19,305 37,996
63,155
9 J 443
TOI'AL
c.
f
r
ihttp://fraser.stlouisfed.org/
lFederal Reserve Bank of St. Louis
206,210
26,834
58,973 129,822 211,250 54,230
34,836 28,903 42,421 28,653
79,423 313,761 3,157,279
62,766 1+9,534 229,977 1,974,799
13t274 13,324 27 703
439,255
j
522,341 1,513,540 447,635 539.753 210,540 382,392 719,o66 171,477 163,204 177,663 142,231 576,441 5,571,333
@FedFRASER