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STATEMENT FOR THE PRESS
Released for publication
Fr i day j.or ni ng, Oct. 21;
not e a r lie r.
s t . 231+6.
Federal Reserve Board
October 20, 1921.
CONDITION OF FEDERAL RESERVE BANKS
Aggregate gains of $*+3,800,000 of gold and of $44,800,000 of total
cash reserves, accompanied by net liquidation of $102 , 300,000 of earning
assets and reduction of $35»^+00,000 in Federal reserve note circulation,
are indicated in the Federal Reserve Board's weekly consolidated bark state
ment issued as at close of business on October 1 9 , 19 2 1 . Deposit liabilities
decreased by $ 7 , 200,000 since the date of the previous statement, and the
reserve ratio shows a r i s e since October 11 from 68.5 to 70.3 per cent.
All classes of earning assets show smaller totals than the week before:
secured by United States obligations - by $43,100,000; other discounts by $29,500,000; acceptances purchased in open market - by $7,100,000; Pitt
man certificates to secure outstanding Federal reserve bank note circula
tion - by $6,000,000, other Treasury certificates, largely held under repur
chase agreements by the New York reserve bank:, - by $16,100,000, and U. S.
bonds and notes - by about $500,000. Total earning assets stood at
$1 ,517,300, 000, a record low total for the year, and 53 per cent below the
total reported, about a year ago.
Of the total holdings of $459,700,000 of bills secured by United States
Government obligations, $328, 100 , 000, or 7 I '4 p e r cent, were secured by
Liberty and other U. S. bonds, $103,200,000, or 2 2 .k per cent, - by Victory
notes, $9,100,000, or 2.0 ^er cent, - by Treasury notes, and $19,300,000,
or 4.2 per cent, - by Treasury certificates, conpared with $341,000,000,
$120,800,000, $c:0 , 300,000 and $20,600,000 held, the week before.
Since October 11 the amount of paper neld under rediscount for other
reserve banks by the Federal Reserve Banks of Boston, New York and Cleveland
has declined from $41+,000,000 to $42,700,000. Rediscounts of tne Richmond
bank witn the New York reserve bank show a decline from $20,000,000 to
$14,400,000, the Atlanta bank reports a reduction in bills rediscounted
with the Boston and Cleveland banks from $ 1 6 ,0 0 ,0 0 0 to $1 *+,.100 ,000, and
the Dallas bank reports an increase in tne amount of paper rediscounted
with the Boston bank from $7,600,000 to $8,200,000. Minneapolis resuned
rediscounting operations during the week, and reports $ 6 , 000,000 of bills
under rediscount with the New York Federal Reserve Bank.
Government deposits are shown $ 2*+,900,000 less than the week before,
reserve deposits show an increase for tne week of $14,800,000, wnile other
deposits, conposed largely of non-members' clearing accounts and cashier's
checks, snow an increase of about $ 2 , 900, 000.
Federal reserve fcote circulation snows a further decline for the week
of $35,*+00,000, the October 19 total of $2,4^0,900,000 being the lowest
shown since October 4, I 9I 8 . In addition the banks snow a decrease of
$4,900,000 in their net liabilities on Federal reserve bank notes in circu
lation, the October 19 total of $93)000,000 being tne lowest published since
December 6 , 1918 .
Cash reserves on October 19 totaled $2,921,800,000, of which $2,772,700,000
was gold. Since January 1 of the present year the gold reserves of the
system have increased by $ 709 ,900, 000, this increase being offset in part
by a loss during tne same period of $41,900,000 in other casn reserves, i. e .,
silver and legals.
Released for publication Friday morning, October 21, 1321; not e a r lie r.
St.SjHGa.
R E S O U R C E S iilTD L I A B I L I T I E S
THE
OF
TWELVE F E D S R A l
(in
RESERVE BAIES COHBiaSD.
th ou san d s
of
d o lla rs)
R E S O U R C E S
G o ld
and
g o ld
c e rtific a te s
.
.
.
.
.
~
fUnd
' F -E'Board ■• •
a g e n c i e s ........................ ,
U v l t W1 t -i - f o r e i g n
.
1~
-
g£^
^
-
by
b a n k s ........................
52^325
1 ,7 1 1 ,3 3 1
l 3 2 ,S S 4
T o ta l re se rv e s . . . .
o -'-ti ic.^„
......................................... ...................................................................... ’ 1
d isc o u n te d :
o
B ills
&
r
8 : G~
bougnt
in
^
^
open
^
o
n
s
.
S«
C e rtific a te s
of
5/S R e d e m p t i o n f u n d
F.
R.
Bank
U n c o lle c te d
AH
o th er
l
i
;a
------ -------
5 0 2 ,7 5 1
1 , 1 9 5 ,1 3 9
a
b
i
l
Capital paid, in
i
t
i
,
e
,-w
2 0 ,9 2 5
1& .S J5
253,375
19,502
qp- 7
^
l p , 864
« _
fa o S S T
.
1 2 >5 5 3
____I j M g g - < / / 7
.....................................5 , i S f ^ ,
^ l 6,’ 6 9 7
5 , 3 1 k ,S O S
5 , i s o ,332
s
. . , ,
S u r p l u s ............................ .......................................
H
essrved fo r G-ovH. franol-jse tax ! !
D e p o sits:
iri- r-h
's j 'lS s
i°3 ,0 7 p
‘ - I ’-fk
^ . - ‘-‘+3
G o v e r n m e n t .........................................................................
97,592
? 2 o l4
2c
Lum ber b an k - r e s e r v e a c c o u n t
. . .
l , o o 0 *9 £ S
3
....................................
’ o7 ^
A I-l o t h e r
_
,
,
.
..................................................................2 7 J 1 1 _ 5 *
jjOval deposits . . . . . .
1 71 7
-p p
~ -------r — ~
....................................
j.R . n o .e s m a c tu a l c ir c u la tio n . . .
F . R . _B a n k n o t e s i n c i r c u l a t i o n -
1 6 4 6 ’ oqq
1 , 01*0 , 0 9 9
2 4 ,4 q6
T --i
^
^
7211^ 65
2 ,4 4 0 8 c2
2 , 4 7 0 ,3 1 1
- 7 h- / ^-o
1 , 2 16 ,2 8 9
o h-rr n
3 , 3 5 6 ,1 9 9
c? c-p
a v a ila b ility
item s
! . ’
*
*
’
*
A ll oth er l i a b i l i t i e s ........................! ! i
'. S y P '
« g .j * 3
T 0 m iL IA 3 IL P ~ l.cs.................................5 A S f t |t r
R a tio
of
to ta l
of
g o ld
reserves
to
d e p o sit
and
F.E. note l i a b i l i t i e s combined . . .
R a tio
.in
reserves
c irc u la tio n
30jo a g a i n s t
_)
i 7 7 0 ’ ? ? ;1 ,7 7 9 ,3 4 5
2 1 Q2 Q
net liability
D eferred
PI lup
*
—
.
5
s ..............................
resources
.
.
3 > 0 U5 , 3 4 s
q rn^.M i
r e s o u r c e s .............................. ......
to ta l
1, =SU, S ll
lo 2 .i5 9
2 ,1 5 7 ,2 7 0
A ot).
150,875
_____J>>
. . • 1>577, ^
a g a in st
240
2 , c 7 o ,9 3 3
” ‘ * ’ *
n o t e s ..........................................
i t e m
20^
'
...........................................
Bank p re m ise s
1
^ 3 0 0 ,’ 6 6 ^
in d e b te d n e ss-
A u l S e r ^ : 4 " ^ ! 1*?8
y i^ e a r n i.^ s e t B -
630^
113
~-,r ___
^3,o Jl
m a r k e t .........................o i l 3 9 1
3SS
;o I|
SO 4 4 l
2.7 2S .92 2
H tS.O ll
T o ta l b i l l s on h a n d
. . . .
i ts?!i
TT ~
~ ----------;—
I—
...............................1 , 4 o j >7 - 9
U» o» o o n d s a n a n o t e s ........................
1 : i^ n
U.
"‘ l ^ l ’ U x g ^
3 7 3 ,9 6 0
1,7 3 2
g t a l , S °ld r e s e r v e s ................................. 2.772,721
~ 3 ,a l ten cer n o to s, s ilv e r , e tc . . , .
l^ .C jO
m
"
i ^ ._’s s *
_
u -o la w i t n F e a e r a i R e s e r v e A g e n t s . . .
r e d e m p t i o n f u n d ....................................... ... .
B ills
‘ i& s ’ c g f f t
a fte r
d e p o sit
\^c.ii»,ulci.u0 cl o n
F .R .
n otes
s e ttin g
to
a sid e
lia b ilit ie s
o a sis
01
.
net
u
5 , ISO ,332
70. 3. ; -
2 1 3 , 83s
63M 97
0, 371* , 90S
S s. 5fj
'
.
.
3 5 . l£
^
/u
t c
- e ^ o s i u s a .,,, j .
qi ^
9 i* 8 p
Jtl.
i-o tes
m
*4/ . 3^
« , .
c irc u la tic n .
Released fo r p u blication Friday morning, October 21, 1321; net e a r lie r .
RESOURCES AND LIABILITIES OF TI3E FEDERAL RESERVE BANKS AT CLOSE OF BUSIl'TESS 0(
Federal IBsserve Bank of
Oold and gold certificates
Gold settlement fund - F.R.Board
Total gold held by banks
Gold with F- R. Agents
Gold redemption fund
Total gold reserves
Legal tender notes, silver, etc.
Total reserves.
Bills disco-anted: (a)
Secured by U-S- Govt, obligations
All other
Bills boiagfefc In open market
Boston
8,167
356,039
?L P 37___110,714
55,264 472,753
178,013
545,396
j 5.,249
15,000
258,526 1,033,11+9
_l 6 j 47
24 ,s47
46,953
4,500
76,300
U. S. b6adts and notes
555
Total earning assets
Bank prena.ses
5$ Redemption fund against
F- R. Bank notes
Uncollected items
All other resources
TOTAL RESOURCES
(a.) Includes bills discounted for
otner F- R. Banks, viz:
56,068
R E S O U R C E S
Phila. Cleve.
Rich.
1,894
54,067
55,96l
138,032
8,079
202,072
12,396
48,314
60,710
16s, 644
4,685 1
234,037
6,727
5,648
275,273 1,089,217 20s,799 239,635
Total 1)1118 on hand
U. S* Certificates of indebtedness:
One-year certificates (Pittman Acl
All. other
New York
13,936
.. 1.Z1 .
90,966
Atlanta
Chicago St.Louis Minn. Kans.Cy. Dallas
5,306
7,592
20,979
71,654 36,346 32,166 32,492 65,918
30,003 90,577 66,707 64 ,13s 138,470
6,255
2,6l0
5,494
5,869
5,706
272,620 107,912 130,033 102,367 102,499 208,094
85 6
15,757
571
4,724
72,974 70,000 1+62,265 104,550 39,200 75,219
97,867
1,465
19 , 1321.
(in thousands of dollars)
San F ran .
.6 , 829. 4,281 . 149,039
35,052 249,526 2,921,760
26,330 5,243 17,707 7,871 40,730
459,671
44,407 63,724 54,551 49,626 6s,964 870,09J>.?
370,
299»
1.145
205
5,441
541,308
,
71,036 63,9/? 73,401 57,702 11^135 1 ,3 S4 , 0J6>
4,49s
1,181
224
8, s6s
2,643
204
45,776 17,280 15,299
3,760
8,564 24,112
2
iso
1 _ 2,370
. .25.9.
320,351 126,659 146,368 107,360 121,462 239,074
8,068
83
80,368
4,980
31
5,320
16
1,900
7,830
•*
74,212°
87,605
4,387
•5,883
533
3,21s
422
1,945
700
59,833
445
132,811
53,847
1,239
54,085
2,757
.. 4.2 1 .
1,071
Total
2,867
4,946 22,179
3.1SS 8,891 2,316
6,735 18,079
447,697
25,435
4,858 79,139 21,387
9,587 29,295
5,965 ..■.4i.>iD._ 480,829
26,302 9,so4 101,31s 24,575 18,27s -31,611 12,698 59,252 928,526
35,226 45,831 294,S42 62,56s I S , 510 35,353 11,872 177,044 1 ,711,331
6"■,l
4o-■ 6,77
3 45,126
5.650
2,o4l................3,531
152,864
5,645
8,949
'■ '•
-..
-------■ ----- --------tt-............... ..r. . ........
f
67,668 62,408 44i,2s6 90,793 38,829 70,495 28,213 245,21+5 2 ,772,7a
151,977
22,776
1,005
2340c .
1,233
10,398
8S5
5,392
627
71s
3,836
2,097
6s4
54i
1,665
523
194
916
156
394
25,576
77,671
37,233
19,349
44,017
32,433
40,912
435
3,131
4,276
2,697 .
if*
Im
-jit/
52,764
62,245 1217219
W+6-5' V
632
1 ,S6J„.
306
704.
33,130
L56,S75
5,808
To
30,957
g-fiS
^ 005-
431,326 1,552,964 390,991 445,666 236,55^ 219,096 7£7,930 224,157 134,377 212,028 135,114 417,011 5,18^7211£?7
16,043
20,407
6 ,2 7s
42,728
Released for publication Friday mor n i. , Oct. 21, 1921 ; not earlier*
RESOURCES AND LIABILIT IES OF THE FEDERAL RESERVE
BAMS AT CLOSE OF BUSINESS OCT. IQ
(In thousands of d o lla r s)
F ederal Reserve Bank
C ap ital p aid in
SliXpiUS
R eserved fo r Govt, fra n ch ise tax
Depccits:
Go ver m en t
Member bank - reserv e account
A ll other
T otal d e p o sits
F. R. n o te s in actu al c ir c u la tio n
F , R. Baik n o te s in c ir c u la tio n
n et l i a b i l i t y
D eferred a v a ila b ilit y item s
A ll ocher l i a b i l i t i e s
total l ia b il it ie s
S t . 2}Hbc
B oston New York P h il a . C leve. R iciu A tlan ta Chicago S t. Louis Minn. Xans „Cy. D allas San Fran
7,935
27,087
8,684 11,103
5,410
16,342
59,318 17,564 22,263 11,026'
s ' t os
“ ' 275
7 ’379
),ll4
2J2b
1,699
113,848
968
H 57515
231,940
7,906
46,639
1,323
20,202
3,503
2 ; 724
i ;604
3,'791
\ % {b
r 7,098
483
S92
060,322 102,223 130,515
2 , 59 3 ! 1,586
3,263
51,992 ) 42,642 236,563
__ L J i i
903
-371
4,043
9 "^9,6^5 104,042 132,310 5^,057^ 44,599 2431869
° 32.329 201,15* 219,1400 10S.1T3 128 ,221* 416,129
25,031
5,043 9,385
104,784 ^49,906 47,150
— '±i5 M — LlQIs— 1,331
3,674
7,582
20,976
i'o68
49,249
1,318
9,072
7,303
2,043
1 ,39S
796y , 2,630
00 ,9* 1 / 38,570
62 679
4,217
6o,34o 37,815
9,330
1,877
7,113
15,207
2,863
4l 964
1,646
^,95^
1,734
64,898 4 2 ,3 5 S 116,078
1*029.
i±8i+___ h l± l
67 62^ 47 7q 6 i ?i ecq
3 , 44l
16,596
11,382
43,265
58 !l52
ll’.ito kl%
2,889
31,044
3,280
35,468
4 AQQ
1*^27
1 f7^1
1,866
^31,326 1,552,964 390,991 445,666 2 3 6 , ^ 219,096 787,930 224,157 13^37 7 a 2 ,0 2 S 135,114 417,011
R atio o f to ta l reser v e s to d ep osit and F. R.
n o te l i a b i l i t i e s combined, per cent
19*0
C ontingent l i a b i l i t y as endorser on
d iscou n ted paper red iscou n ted w ith
oth er F. R. Banks
1921
83-0
b 8.4
68.1
4 4.^
%
_
40-5
70.0
63.1 j^39-2
53-6
39.8
71-1
T otal
103,034
213,824
53,145
tduo
29 , y h . j
1,660,9 fag
ZL3M
1,717,
2,4140,862
92,952
543,238
22!4^8
5,187-t ^
70.3
x*> l
14,407
14,096
42,728
C ontingent l i a b i l i t y on b i l l s purchased
fo r fo r e ig n correspondents
2,371
12il7J_ 2 »59S
2,663
1,592
1,169
3,865
1,527
g77
1,559
844
1,494
32,730
FEDERAL
RESERVE
NOTES
OUTSTANDING
ANo’lN
ACTUAL
CIHCULATIO
F- R. n o tes ou tstanding
248,700
755,026 224,499 239,342 116,0 11 134,777 459,177 124,992 60,551 78,270 44,070 283,668 2 , 769,083
F. R. n o te s h eld by banks
16,760
1
22_Ji91„2j,345 19 ,9 42. 7,83 8 6.S53 4^.048 21.86b 2,399 -5 ,670 3 ,8 2 4 54,279 328.221
F. R. n o tes in actual c ir c u la tio n
231,940
632,329 201 1 54 219,400 108,173 1 28,224 4 l6,'l2 9 1 0 3 0 2 5 58,152 72,600
40,246 229,389 2 ,440,862
.
DISTRIBUTION OF BILLS AND U. S. CERTIFICATES OF INDEBTEDNESS BY vlATURITIES
V.itnin 15 days
16 to 30 days
31 to 60 days
6l to 90 days
Over 90 days
T otal
B i l l s discounted
794,732
!4
0
,2
8
6
224,855
138,3gL-#31,014
1
,329,768
B i l l s bought in open market
25,170
10,82b
11,350
6,802
70
54,
U. S. C e r tific a te s of indebtedness
7,500
2 >300
19,215
12,303
119 ,365
160,683
6,000
ID
8,225
/a
Released fo r p u blication Friday rooming, Oct. 21, 1921; not e a r lie r.
FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS OCT. 19, .1321.
St.23U6d.
Federal Reserve Agent at
Boston
New York
(in thousands of dollars)
Phila. Cleve.
Rich. Atlanta Chicago St.Louis Minn. Kans.Cy.
Dallas San Fran.
Total
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 cert if icates
Gold redemption fund
Gold -fluid - F- R* Board
Eligibli paper Amount required
Excess amount held
mm*
99,900
248,700
295,220 20,220 43,980 23,609 7i>,914
755,026 224,499 239,3^2 116,011 134,777
5,600
22,413
130,000
_
396,925
12,375
17,471 17,643 15,269
131,000 120,389 135,000
4,726
30,300
3,400
1,931
40,500
209,630 86,467
36,588 _ ± L 2 i L
80,785 88,946
19.-0^ . . 12x534
70,687
70,693
59,035
.
164,160 29,060
459,177 124,992
11,850
60,551
4,440
78,270
819,665
20,452 30,860
44,070 283,662 2,769,083
15,192
279,644
6,110
4,127
52,331
13,05?
2,258
3,200
1,993
33,360
450,163
6,701
126,046
2,937 20,080
2,234 156,964 1,135,122
164,335
43,687
62,424
8,506
42,041
25,632
42,917
30,326
32,193 106,624 1 ,057,752
25,302 .... 6_,jio
286,851
_
602,913 l ,s 4l , 86o 482,431 521,699 274,676 359,002 1,126,201 227,530 158,53U 191,366 133,894 604,506 6,644,622
L I A B I L I T I E S
Net ai-icunt of Federal Reserve
notes received from Comp
troller of the Currency
342,600 1,050,246 244,719 283,322 139,620 210,691
623,337 154,052
72,401
82,710
64,522 314,522 3,588,748
Collateral received from
Federal Reserve Bank:
Gold
Eligible paper
178,013
76,300
294,842
208,022
18,510
67,673
35,353
75,303
11,872 1 77,044 1 ,711,331
57,500 112,934 1,344,603
TOTAL
545,396138,032168,644
246,218 99,680 129,733
35,226 45,831
99,830 102,480
62,56s
70,930
602,913 l , s 4 i , s 6o 482,431 581,699 274,676 359,002 1,126,201 287,550 158,534 191,366 133,894 604,506 6 , 644,682
STATEMENT FOR THE PRESS
Released f c r publication
Frida./ com ing, Oct. 28;
not e a r lie r .
S t . 2354.
Federal Reserve Board
Octobar 27, 1921.
CONDITION OF FEDERAL RESERVE BANKS
Further reduction of $32,100,000 in Federal reserve note circulation,
and an increase of $15,4-00,000 in cash reserves, largely gold, are indi
cated in the Federal Reserve Board’ s weekly consolidated bank statement
issued as at close of business on October 2b, 1921- Deposit liabilities
of the reserve banks show an increase of $ 2 1 , 200,000 for the week, and the
reserve ratio rose from 70-3 to 70.8 per cent.
Federal reserve bank holdings of bills secured by United States
obligations show an increase for the week of $ 2 , 200, 000, while other dis
counts on hand declined by $ 23 , 200,000 and the holdings of acceptances
purchased in open market increased by $3,000,000. Pittman certificates,
used as cover of Federal reserve bank note circulation, show a decrease
of $7,000,000 for the week, while other Treasury certificates, largely
held under repurchase agreements by the New York reserve bank, increased
by $4,100,000. Total earning assets of the reserve banks are shown
$ 1 5 , 900,000 smaller than the week before, and stood at $ 1 , 562 , 000, 000, or
about 54 per cent below the peak figure reported for October 15, 1920.
Of the total holdings of $461,900,000 of bills secured by United States
Government obligation, $330,600,000, or 71*6 per cent, were secured by Lib
erty and other U. S» bonds, $95»3^^»000, or 20.6 per cent, - by Victory
notes, $16,300,000, or 3 .5 per cent, - by Treasury notes, and $19,700,000,
or 4.3 per cent, - by Treasury certificates, compared with $328,100,000,
$ 103 , 200, 000, $ 9 , 100,000 and $1 9 , 300,000 held the week before.
Since October 19 the amount of paper held under rediscount for other
reserve banks by the Federal Reserve Banks of Boston, New York and Cleveland
increased from $42,700,000 to $43,800,000. Rediscounts of the Richmond
bank with the New York reserve bank increased from $ l 4 ,400,000 to $15,000,000,
Atlanta reports an increase in bills rediscounted with the Boston and Cleve
land banks from $14,100,000 to $16,000,000, Dallas reports an increase in the
amount of paper discounted with the Boston bank from $3,200,000 to $3,500,000,
while Minneapolis was able to reduce its rediscounts with the New York re
serve bank from $6 , 000,000 to $4,400,000.
Government deposits are shown $17»500,000 larger t han the week before,
reserve deposits show an increase for the week of $ 3 , 100 , 000, while other
deposits, composed largely of non-members* clearing accounts and cashier’ s
checks, declined by ab'out $4,500,000.
Federal reserve note circulation shows a further decline of $32,100,000
for the week, and on October 2-6 stood at $2,403,300,000, or 23 per cent
below the total reported about a year ago. There is also shown a decrease
of $4,900,000 in/reserve banks’ aggregate liabilities on Federal reserve bank
note circulation, mainly through deposit of lawful money with the Treasury,
though the amount of these notes in actual circulation, according to Treasury
records, shows some increase for the week.
Of the total increase in cash reserves reported for the week, $13,500,000
was gold and $ 1 , 900,000 - other reserve cash, i. e . , silver and legals.
Total cash reserves on October 26 stood at $2,937,J00,000, or $769,100,000
above the total shown about a year ago.
‘ Released for publication Friday morning, October 28, 1321; not e a r lie r .
St.c35Ha.
RESOURCES AITD LIABILITIES
OF THE TWELVE FEDERAL RESERVE BAMS COI.IBIKED.
(in thousands of dollars)
R E S O U R C E S
Oct. 19. 1921
Gold and gpld certificates . .
Gold settlement fund - F.R.Board
Gold with foreign agencies . .
Total gold held by banks
.
Gold with Federal Reserve Agents
Gold redemption fund ...............
Total gold reserves . . . .
Legal tender notes, silver, etc
Total reserves . . . . .
.Bills discounted:
Sec. by U.S. Government obligations.
All o t h e r .................. .........................
Bills bought in open m a r k e t ...............
Total bills on hand
. . . . . . . .
U. S. bonds and notes ..........................
U. S. Certificates of indebtedness:
One-year certificates (Pittman A c t ) .
A ll other
. . .
.................................
Total earning assets ..................
Bank premises ..................
5fo Redemption fund against
F. R. Bank notes . . . .
Uncollected items . . . .
All other resources . . .
TOTAL RESOURCES
..........................
Oct,
448,280
U96.Hl
447,697
480,829
l64,849
416,163
74,686
944,391
328,525
655,69 8
1 , 729,790
112J & S .
2 , 7Sb,239
150,909.
1 , 711,331
132,864
2 ,772,721
1^5,031
1 ,175,118
172,504
2,003,320
164,718
2 , 937,1^8
2,921,760
2,168,038
46i,SS6
846 , S63
62.^26 J
459,671
870,097
i , 37i , 01L .f e
33.207
1 >384,0^6__4
lU9 ,S75
7,864
1,562,021
^
1,203,905
1 , 597,392
. ..29SUZ5.
3 ,099,672
33,130
26,937
156,875
3,808
259,375
. _10,.Q22.
3,396,043
1 ,577, 8$
31,020
30,957
15,993
8,099
540,067
16,560
8,883
630,58!
16,887
12,854
741,860
_
6^ 81,9
5,094,915
5,094,915
5 ,186,957
6,341,607
103,034
213,824
53,1^5
97,753
164,745
46,624
1 , 069,059
__ 22_lS_73_
1 , 738,556
29,120
1,660,936
27,388
1 , 717,444
18, 75H
1,805,66-1
.21^307
1 , 845,722
2 ,408,779
2 ,440,862
3,351,303
88,024
466,044
22,743
92,952
5^3 , 238
22,458
214,961
571,807
„ _ 95,316
5 , 094,915
5 ,186,957
6,341,607
L I A B I L I T I E S
Capital paid in . . .
..................
S u r p l u s ............................................
Reserved for Gov’ t, franchise tax
Deposits:
Government .....................................
Member bark - reserve account
All other . ........................... ... .
Total deposits . . .
...............
F-R. notes in actual circulation .
F.R. Bank notes in circulation net l i a b i l i t y .............................
1Deferred availability items . . .
All other liabilities ..................
TOTAL LIABILITIES
...............
’ Ratio of total reserves to deposit and
F.R. note liabilities combined . . .
Ratio of gold reserves to F.R. notes
in circulation after setting aside
35$ against deposit liabilities . .
103,007
213,824
53,938 ■
70.8$
96.7
$
70.3$
*43.l£
*U7.2#
♦Calculated on basis of net deposits and F. R. notes in circu lation.
Released, for puDlication Friday morning, October 2S, 1921; not earlier.
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANES AT CLOSE OF BUSINESS OCT.
1921.
(In thousands of dollars)
RESOURCES
B oston New York P h ila . C leve. R ich. A tlan ta Chicago S t.L o u is Minn. Kans.Cy. D alla s San Fran.
3 2 5 ,7 9 0
2,140 1 2 ,3 S O
2 , 8 88
5 ,0 0 0
2 2 ,4 2 9
3 ,1 9 6
8 ,9 4 8
2 ,3 2 8
7,104 17,855
F ederal Reserve Bank o f
Gold and g o ld c e r t if ic a t e s
Gold settlem en t fund - F.R.Board
^ 2 o i 7 4 -- 1 1 6 ,7 8 1 — 63 , 624
5 2 ,8 5 3
T otal gold h e ld b y banks
5 4 ,1 9 6
4 7 2 ,5 7 1
6 5 ,7 6 4
6 5 ,2 3 3
Gold w ith F. R. Agents
5^5 ,i 5 ! 1 3 2 ,3 1 2 1 6 8 ,3 0 2
Gold redem ption fund
-±2 j 27P--- 15.000____ 7 , 2 4 8
5 .0 2 2
T otal gold reserv es
257 , 3 9 6 1 , 032, 7 60 2 0 5 , 324238,557
Legal ten d er n o te s, s ilv e r , e tc .
5,495
-18*001---5.6,485___ 7,105
T otal reserves
2 7 5 ,3 9 7 1 , 0 8 9 , 2 4 5 2 1 2 ,4 2 9 2 4 4 ,0 5 2
B i l l s discou n ted: (a)
Secured by U.S. Govt, o b lig a tio n s kx’lal ilfAln
A ll o th er
B i l l s bought in open market
4_,6l 3
3 0 ,1 6 0
5 ,8 8 9
2,
T otal b i l l s on hand
281,441 106,774 1 3 2 ,8 1 0
73,779
U. S. bonds and n o tes
644
1 ,0 0 5
1,465
855
TJ. S. C e r tific a te s o f indebtedness:
One-year c e r t if ic a t e s (Pittm an Act) 13,436
43,276 1 6 ,2 8 0 13,299
A ll-o th e r
216
5 .0 0 0
2
ISO
Tot^l earning a s s e ts
88,075
3 3 0 ,7 2 2 1 2 4 ,5 2 1 147,144
Bank prem ises
4,412
5,883
3 ,2 3 7
533
5$ Redemption fund a g a in st
F. R. Bank n otes
422
1,820
700
539
U n co llected item s
4 7 ,4 0 9
114,782 44,773 47,125
A ll oth er resources
464 ... 2,975
451
1*104
TOTAL RESOURCES
416,179 1 , 5 4 5 , 4 2 7 3 8 3 ,4 0 7 443,401
(a) Inclu des b i l l s d iscou n ted fo r
oth er F. R. Banks, v iz :
18,454
19,366
5,967
st . 235% .
T otal
448 . 23D
496,111
8 1 [517
2 5 .6 7 1
10.742
24,787
4,815
2 6 ,9 2 1
1 1 , 9 3 2 1 0 3 ,9 6 6
2 8 ,8 6 7
1 9 ,6 9 0
2 7 ,1 1 5
11,919
32,950
46,495 3 0 7 ,6 5 2
1 2 ,1 8 2
6 6 ,0 8 8
4 q i2
1 7 ,3 2 6
1 ,0 6 1
63 , 811443,800
99,067
40,077
13,404
3 87
5.010
6,634 - j L 2 ? 3 _ 1 5 0 ,9 0 9
73,493
7 1 ,3 9 0 4 6 4 ,9 1 4 1 1 2 ,4 7 1
4 0 ,4 6 4
7 1 ,0 1 s
3 3 , 9 6 6 2 4 3 ,3 0 9 2 , 9 3 7 , 1 4 s
30,934
3 2 ,0 3 3
5 5 ,2 6 8
6 2 ,4 5 8 1 3 8 ,2 7 4
5 ,8 1 1
6 5 ,6 0 s
18,867
55,889
8 ,0 2 2
5 0 ,1 1 5
71 , 4?9
76,244
2 4 ,0 3 3
8 ,1 7 0
6s,o4l
5,452
6,912
26 ,
5 .3 8 4
7,579
21,ll4
2 3 ,5 2 2
4 0 ,7 8 2
-3^80
64,516
1,233
10,396
4,495
1,245
3,760
8 ,5 6 4
2 3 ,1 1 2
8 ,0 6 8
2,375
76
1 0 3 ,9 2 0 119,1*94 2 2 6 ,6 5 4
73,905
l
/
38,362
56,217
944,391
3 6 ,5 1 1
11,074 1 0 2 ,6 6 7 1 ,729,790
2 .3 6 2
5,202
112,058
- 4,339
65,988 27,332 244,086 2 , 786,239
212
9 8 , 9 2 7 1 0 0 ,6 3 3 1 9 6 ,6 7 2
-
46li ,,SSS6
S6
846, s 6■v I
t, ✓...........— *✓
;---
3 5 ,6 2 9
6 9 , S4l
............. „wr.......
5 8 , 3 4 2 1 0 9 ,5 0 8 1 , 3 7 1 , 0 1 5
"153
S ,S 6 S
2,643
205
33,207
4,980
5,320
13
90,445
1 ,9 0 0
7,880
149,875
7.864
6 2 ,8 8 5
3 ,8 3 6
2 ,0 9 7
699
3 1 ,0 2 0
1
2 ,6 9 7
88 9
5,392
62 7
7 6 ,5 ^
71S
188
533
21,822
1,664
523
244
916
15 6
394
8 ,0 9 9
65,753
3 1 ,8 6 s
15,925
42,105
2 5 ,8 2 8
35,715
5 4 0 ,0 6 7
......... 639
1,884
801
732
2.142
4.146
1 6 ,5 6 0
4 6 ,9 6 2
. 3 .7.7
2 2 7 ,6 3 7 2 1 4 ,8 6 7
-
-
7 6 6 ,2 6 1 2 2 0 ,1 9 5
-
-
445 ,
117,594 1 , 5 6 2 , 0 ^ 1
134,645 2 0 8 ,7 6 5 1 2 7 , 0 7 4 4 0 7 ,0 5 7 5 , 0 9 4 , 9 1 5
-
-
-
43,787
r
Released for publication Friday morning, Cct. 28, 19 2 1 ; not earlier.
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAjKS AT CLOSE OF BUSINESS OCT, 26, 19 2 1 .
st. 2354c.
(In thousands of dollars)
L I A B I L I T I E S
Federal Reserve Bank
Boston New York Phila, Cleve. Rich, Atlanta Chicago St,Louis Minn. Kans.Cy. Dallas San Fran.
To tal
Capital paid in
8,684 n , i o 4
27,087
7,935
5 . 4l l
4 ,1 5 5
4 ,5 6 s
4,5222
103,007
14,3 S3
4,205
7,397
3,556
Surplus
16,342
17,564 2 2 ,2 6 3 1 1 , 0 2 6
5 9 ,3 1 s
8,708 30,^36
213,824
9,330)
7,113 * 5,207
7,303
9,11^
Reserved for Govt, franchise tax
20,408
2,756
3,540
2,831
2,683
3 . S 78
1 , 44s
53,938
2,891
9,491
1,929
Deposits:
Government
3,304
4 ,1 2 7
i ,s 6 s
13,215
4,132
46,624
2 ,7 7 0
2,425
3,153
3,382
2,555
3,729
Member bank - reserve account
112,837
6 7 5 ,3 6 5
9 2 , 5 3 5 1 3 4 ,2 5 5
41,457 6 5 , 5 0 2 4 3 ,4 7 5 1 1 2 ,1 1 6 1 , 6 6 9 , 0 5 9
51,059 4 2 ,6 2 6 2 2 9 ,1 5 1 6l : S
All other
l . o 4i
-430
■1 ..217____
752
703 , 435___ 3,045
22,87'
JjlOI8_
J 23.
-5S3Total deposits
1 1 7 ,1 8 2
6 9 9 , 9 % 103,879 136^875 5 5 ,6 2 1
4 6 , 1 5 1 2 3 4 ,6 1 1
6 5 ,4 7 8
44,820
6 8 7 ^ 3 0 4^ 1+65 1 1 8 , 8 9 0 1 , 738,556
F. R« notes in actual circulation
2 2 4 ,1 5 9
6 2 3 ,8 7 3 2 0 0 ,8 5 3 218,555 1 0 7 ,1 2 8 1 2 6 ,1 6 3 411,710 1 0 1 , 9 7 2
57,779
71,356 39,752 2 2 5 ,4 7 9 2 , 4o s , 779
F. R. Bank notes in circulationnet liability
7 , 4o 6
22,736
4 ,9 0 7
7 ,8 9 6
3 ,6 7 4
7 ,5 4 5
8 ,3 4 4
4,218
3 ,5 1 2
1 1 ,6 s 6
2 ,7 9 0
3 ,3 1 0
88,024
Deferred availability items
39,037
8 7 ,6 7 4
4 2 ,8 4 9
42,542 40,753 1 7 , 1 8 2 5 2 ,8 9 5 32,157 14,243
3 9 * 8 2 3 2 4 ,9 5 1
3 1 ,9 3 8
466,044
All other liabilities
— l .»36g----4 x 282 . _ L . i 3 l ____ 1 , 3 3 5
i . 34i ____1 . 0 6 0 ____ 4 ,2 g i
1,24 0 ____i . 3 4 g
i , 4sq1,798
i . q 4 5 _________2 2 .7 4 3
TOTAL LIABILITIES
4 1 6 ,1 7 9 1 , 5 4 5 , 4 2 7 3 8 3 ,4 0 7 443,401 2 2 7 ,6 3 7 2 1 4 ,8 6 7 7 6 6 ,2 6 1 2 2 0 ,1 9 5 1 3 4 ,6 4 5 2 0 8 ,7 6 5 1 2 7 ,0 7 4 4 0 7 ,0 5 7 5 , 0 9 4 , 9 1 5
Ratio of total reserves to deposit and F. R,
note liabilities combined, per cent
80.7
£ 2.3
6 9 .7
6 8 .7
4 5 .2
4i .4
7 1 .9
6 7 ,2
39-4
5 0 .7
3 9 .4
7 0 .8
7 2 .1
2,083
Contingent liability as endorser on
discounted paper rediscounted witn
other F, R. Barks
Contingent liability on bills purchased
for foreign correspondents
5,336
F. R. notes outstanding
F. R . notes held by banks
F, R. notes in actual circulation
Bills discounted
Bills bought in open market
U, S. Certificates of indebtedness
1 2 ,0 5 2
2 ,5 6 0
2 ,6 2 4
1 5 ,0 0 0
1 5 ,9 5 6
1 ,5 6 8
1 ,1 5 2
8,465
4 ,3 6 6
3 ,8 0 8
1 ,5 0 4
864
2 4 1 ,3 7 0
738,733 2 1 9 ,7 8 0 2 3 7 ,3 8 0
-1L » 21.1 ,___ 11 4 ^ 6 0 .. 18,927
18,825
117,035 1 3 2 , 0 9 6 4 5 4 ,9 0 7 1 2 3 ,3 1 2
9,907 ____ 5 .933 43,197 2I , 34o
232
1 ,5 3 6
FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION
5 9 ,8 8 2
77,9 7 7
2.103
6 ,6 2 1
143,281
12 ,2 6 1
2 2 9 ,1 1 2
2,400
1 6 ,0 3 6
1 0 ,b02
129,937
5, 7t£. o
13,059
43,727
1 ,4 7 2
32,302
43,552 279 , 291 2 , 725,315
.3,200 53.812 316,536
39,752 225,479 2,408,779
DISTRIBUTION OF BILLS AND U. S. CERTIFICATES OF INDEBTEDNESS. BY WASURITJES;
Within 15 days
1 6 to 30 days
Over .90. day^
61 to 90 days
31 to 60 days
771,132
33,351
-
35,287
336
126,244
To tal
1 , 302,749
6 2 ,3 ^ 157,739
i O
Released for publication Friday morning, Oct. 28, 19 2 1 ; not earlier.
FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS OCT. 26, 1921
St.2354d.
Federal Reserve Agent at
R E S O U R C E S
Federal Eeserve notes on hand
Federal Beserve 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
i o 4 , 44o
2^ 1,370
5,600
17,624
160,000
58,146
15,633
New York
321,980
(In thousands of dollars)
Phila. Cleve.
Rich. Atlanta Chicago St.Louis Minn. Kass,Cy»
37,220
42,400
18,375
17,265 11,923 1 4,9 27
131,000 120,389 135,000
20,809
396,924
193,544
61,008
.2,450
30,500
76,759
3,400
2,595
4o ,500
87,468
69 , 07s
84,085
85,601
i o , 46o
63 > 13
1 3 ,^ 3S
14,976
l 6l , 240
15,008
292,644
147,255
49,412
29,060
123,312
n ,3 3 5
59,882
6,110
4,447
13,052
4,290
77,977
Dallas San Fran.
20,172 34,860
864,565
*0,552 279,291 ;2 , 725,315
6,701
55,531
1,074
3,200
3,151
33,360
57,224
7,237
42,556
27,759
4 i ,466
34,695
Total
450,162
110,418
2,234 164,852 :L, I 6 9 ,210
2,139
17,815
32,478
25,7$6
96,624
12,447
995,525
336,274
602,813 1 , 860,454 487,240 5S0.573 268,317 355,927 1,120,466 282, 9a 158,858 194,939 133,072 605,889 (S,651,469
LIABILITIES
Net
amount of Federal Reserve
notes received from Comp
troller of the Currency
Collateral received from
Federal Reserve Bank:
Gold
Eligible paper
TOTAL
152,372
133,224
- 1 3 ,.779-
545,189 132,312 168,302
254,552 97,928 132,491
71,2 17
82,267
63,724 314,151 j5,589,880
32,950 46,495
307,652 66,088 17,326 36,511 11,074 1 82,667 1,729,790
97.523
100,577
19
b . 667---- — ----b4,4ol
70.315 j-■■■6
j j l----------_ _ 5S.,274
1,331.799
'— ------------ ----------- ■
■ • ~ • ------- ------------------------- ■
— ---------------------------------- e------»■
----------------*----- «------- 109,071
——
— —.
jl.s. m' T .J. » V .S
602,813 1 , 860,454 487,240 580,573 268,317 355,927 1,120,466 282,921 152,858 194,939 133,072 605,889 6 , 651,469
@FedFRASER