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STATED;-NT? FOP TKE PRESS •Releaser! f o r p u b l i c a t i o n F r i d a y morning, Cot. 23 J not e a r l i e r . . St. 4697 F e d e r a l F s s e r v e Board, O c t o b e r 22, 1925* CONDITION OF ? T.'WT. ^E3FR7F 3AN7TS The c o n s o l i d a t e d s t a t e m e n t cf c o n d i t i o n of t h e F e d e r a l r e s e r v e banks on October 21, made p u b l i c by t h e F e d e r a l Reserve Board, shows a d e c l i n e of $40,600,000 i n h o l d i n g s of d i s c o u n t e d b i l l s and of $ 1 2 , 4 0 0 , 0 0 0 i n Government s e c u r i t i e s , t o g e t h e r with an i n c r e a s e of $ 6 , 2 0 0 , 0 0 0 i n h o l d i n g s of a c c e p t a n c e s purchased in t h e open market. T o t a l b i l l s and s e c u r i t i e s went down $ 4 6 , 1 0 0 , 0 0 0 , and F e d e r a l r e s e r v e n o t e c i r c u l a t i o n *20, oCQ,000, wh.ile cash r e s e r v e s i n c r e a s e d $ 1 9 , 5 0 0 , 0 0 0 . Discount h o l d i n g s of t h e F e d e r a l Reserve Bank of New York d e c l i n e d $52,900,000, and t h o s e of t h e Boston bank - $ 2 2 , 8 0 0 , 0 0 0 , w h i l e t h e S t . Louis bank shows an i n c r e a s e of &7>900,000, San F r a n c i s c o - an i n c r e a s e of $7,bOO,000, P h i l a d e l p h i a - $ 7 , 4 0 0 , 0 0 0 , Kansas C i t y - $ 3 , 8 0 0 , 0 0 0 , CIeveland - $ 3 , 7 0 0 , 0 0 0 , and Minneapolis - $3,500,000. An i n c r e a s e of $ 1 0 , 8 0 0 , 0 0 0 i n open-market a c c e p t a n c e h o l d i n g s i s shown by t h e F e d e r a l Reserve Bank of S t . Louis, and. i n c r e a s e s of $ 5 , 1 0 0 , 0 0 0 and $4,500, GOO, r e s p e c t i v e l y , by t h e Boston and A t l a n t a b a n k s . The New York bank shews a d e c l i n e of $7,600,000 i n t h i s i t e m , M i n n e a p o l i s - a d e c l i n e of $ 4 , 5 0 0 , 0 0 0 , aitf Chicago - a d e c l i n e of $ 3 , 9 0 0 , 0 0 0 . Treasury n o t e s on hand went down $ 1 2 , 8 0 0 , 0 0 0 , w h i l e h o l d i n g s of U. S. bonds and T r e a s u r y c e r t i f i c a t e s i n c r e a s e d s l i g h t l y . F e d e r a l r e s e r v e n o t e c i r c u l a t i o n d e c l i n e d a t a l l banks except B o s t o n , Richmond, and Chicago, which r e p o r t a t o t a l i n c r e a s e of $ 1 , 9 0 0 , 0 0 0 . The p r i n c i p a l d e c r e a s e s w e r e : Cleveland. $ 5 , 9 0 0 , 0 0 0 , Hew York $6,200,COO, and. P h i l a d e l p h i a $ 3 , 9 0 0 , 0 0 0 . A summary of c h a n g e s i n t h e 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 t h e r e s e r v e banks d u r i n g t h e week md t h e y e a r e n d i n g October 21, 1925, follows"Increase w Total reserves Gold r e s e r v e s • T o t a l b i l l s and s e c u r i t i e s B i l l s d i s c o u n t 3d , t o t a l Secured by U.S. Government o b l i g a t i o n s . Other b i l l s d i s c o u n t e d . or decrease eek + $19,500,000 + 12,300,000 during Y ear - $242,300,000 - 265,800,000 + 251,800,000 379,700,000 - 46,100,000 4 0 , 6 0 0 , CO 0 15,300,000 £5,bOO, COO B i l l s bought in open market + 6,200,000 123,600,000 U. S. Government s e c u r i t i e s , t o t a l . . . . Bonds Treasury n o t es 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 + + 12,400,000 300,000 12,800,000 100,000 259,000,000 149,500,000 124,500,000 Federal r e s e r v e n o t e s i n c i r c u l a t i o n . . . . - 20,600,000 56,800,000 Total deposits Memoers1 r e 3 a r v e d e p o s i t s Government d e p o s i t s + 4,200,000 2 3 , 5 X , 000 13,500,000 + + 217,200,000 162,500,000 15,100,000 + + + 81,900,000 56,400,00c 22,900,000 R e l e a s e d f o r p u b l i c a t i o n F r i d a y m o r n i n g , O c t o b e r 23, 1925; n o t e a r l i e r . S t . 4697a RESOURCES 4ND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( i n t h o u s a n d s of d o l l a r s ) O c t . 21, 1925 O c t . 14, 1 9 2 5 O c t . 2 2 , 1 9 2 4 R E S O U R C E S Gold w i t h F e d e r a l r e s e r v e a g e n t s * • , . Gold r e d e m p t i o n fund w i t h U*S. T r e a s u r y 1,399,172 54,143 1,372,943 57,112 2,006,200 29,905 1,453,321 1,430j055 2,036,105 70i,$6o 623,103 2,778,324 ¥33,661 602,348 607,378 400,735 2,766,064 3,044,218 110,312 103,723 27,403 2,829,29b 2,869,787 48,045 3,131,621. 53,734 293,172 309,789 308,213 335,335 75,945 147,295 602,961 223,240 293,259 643,548 287,014 55,907 248,360 19,532 55,638 261,122 19,473 40,854 397,931 144,042 323,805 336,233 582,827 . . . 3,220 6,300 2,420 6,400 2,007 T o t a l b i l l s and s e c u r i t i e s « . . 1,229,545 1,275,615 977,733 640 782,668 61,552 17,751 639 920,079 61,535 18,523 477 669,125 60,322 25,973 5,035,186 5,194,283 4,907,288 1,694,945 1,715,532 1,751,701 2,206,347 46,132 11,424 20,043 2,229,825 32,643 7,091 18,622 2,149,992 23,197 10,589 12,270 2,283,946 2,288,181 2,202,042 705,954 116,629 217,237 15,872 840,828 116,487 217,237 15,418 607,7 8 6 111,911 220,915 12,927 5,035,136 5,194,283 4,907,288 Gold h e l d e x c l u s i v e l y a g a i n s t F i R . n o t e s Gold s e t t l e m e n t fund w i t h F* R. Board Gold and gold c e r t i f i c a t e s h e l d b y "banks T o t a l gold r e s e r v e s , . R e s e r v e s o t h e r t h a n gold total . . reserves Non-reserve cash Bills discounted: S e c . 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 B i l l s b o u g h t i n open m a r k e t U. S. Government s e c u r i t i e s : B ond s . . . Treasury notes . 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 T o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s F o r e i g n l o a n s on gold - Due f r o m f o r e i g n b a n k s All other r e s o u r c e s TOTAL RESOURCES 42,037 169,659 L 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 a c c o u n t . . . . Other d e p o s i t s j Total d e p o s i t s D e f e r r e d a v a i l a b i l i t y iterns Capital paid i n . . . . . . . . TOTAL LIABILITIES R a t i o 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. R. n o t e l i a b i l i t i e s combined . . . 72.6% 71.7* 79.25S C o n t i n g e n t l i a b i l i t y on b i l l s p u r c h a s e d for foreign correspondents 36,796 36,876 20,566 C. r ' RESOUBCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 21,' 1925. ( i n t h o u s a n d s of d o l l a r s ) R E S O U R C E S : S, Gold h e l d .. ~ 1 s:,,.'si "ii i l "!i exclusively against ^ 7 , j . S 6 ^otel 2 33,337 4 7CO 9,773 5 9 r i " asart B Oil rig ±£taLIL^_^ifci_secarUi8s Other s e c u r i t i e s F o r e i g n l o a n s on g o l d pitM.JAne._^eecurities •Uio f r o m 1 c r e i g n ban l i s I ' n c o l l e e t e d i t erns ~C TO'IAX RESOURCES ' 5 6 3 : -—— 54,496 129,313 120,581 17,005 56,314 46,637 32,706 195,647 1,453,321 9 8 8 , 4 4 0 3 0 2 , 3 8 1 295,91*2 103, "»S4 1 6 3 , 6 2 1 3 5 9 , 0 1 7 51,282 84,413 79,435 b j , 524 2 6 4 , 4 1 5 2,889 ' % 1 S ' t i w u i n ) 'iS "5 iS' 5 ts % €«"«?£ ^ ^ m t: i:: % g j g:g ;;:g a;g ass ;-at xs «,•> i:S 355,529 133,525 134,382 ,jr r%% s : ; * ; , g _ St.. 4697b ' 1 4 7 *.«* 3,367 3,579 8,137 2,902 «oo 2,173 2,044 2,562 y j m 602 q 61 161,966 58,460 81,519 49,752 29,885 69,124 34,672 8,09s 13,963. 8,2*1 57,498 »,016 20,147 15,651 5,03s 26,717 33,652 21,816 17,369 25,836 20,307 24,097 .J j f b i tl *.»-?:§ 11 »f ® 3,397 466 98,199 - 55,500 19,063 30,976 5,444 1,701 3,120 5S6 674 334 242,183 101,376 128,820 60,56s 640 "I *11 14,923 - 44,666 - 20,227 208 100 2 52 71,7S3 148^11 , 77,065 42,253 73,318 869 , 33,117 290 258 - 16,575 •§ 30,919 - as 19,532 43,935 - 221 293:259 441 59,698 125,971 323,805 X o^q 6J00 1,229,'545 640 "f '"S 11 "f "I H "11$ IS IS 408,966 1,455,829 377,308 509,622 239,011 289,045 617,855 175,670 150,825 206,766 156,899 447,390 5,035,186 RESOURCES L 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 a c c o u n t Government F o r e i g n ' bank Other d e p o s i t s Total deposits Deferred a v a i l a b i l i t y C a p i t a l paid i n Surplus All o t h e r l i a b i l i t i e s items F . R . n o t e s i s s u e d t o F . R. Bank vol l a t e r a l held a s s e c u r i t y f o r F. R. n o t e s i s s u e d t o F.R. Bank: Gold and gold c e r t i f i c a t e s Gold r e d e m p t i o n fund Gold, f u n d - F. R. Board E l i g i b l e paper Total c o l l a t e r a l -"m LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 21, 1925. ( i n t h o u s a n d s of d o l l a r s ) ' New York P h i l a . CI eve. R i c h . A t l a n t a C h i c a g o S t . L o u i s Minn. K a n s . C y . D a l l a s San F r a n . Total .349,515 1 4 4 , 3 8 7 2 2 2 , 6 1 1 8 5 , 1 8 0 1 5 6 , 2 9 8 1 4 7 , 3 2 3 4 0 , 5 9 5 67,358 66,439 47,178 203,818 1,694,948 147,472 4,36S 15S 116 324,281 133,284 180,087 12,301 1,727 4,822 9,866 199 228 10,437 144 1,091 67,451 2, 538 113 7 9 , 6 l b 335,705 4,574 2, 680 88 295 1,088 77,315 2,028 98 857 152,114 856,885 135,354 186,228 70,163 8 4 , 4 1 6 339 , 768 66,769 154,768 65,391 63,971 64,936 3,606 16,382 g ^9 408,966 73.8 32,044 58, 7^9 3,868 11,521 20,059 596 13,053 22,462 1,297 5,98b ll,7cl 1,045 33,700 4,646 8,950 1,035 81.9 72.3 72.4 66.6 68.0 265,268 79,780 138 84,592 1,400 85 585 60,956 162,565 2,206,347 2,717 4,674 46,132 75 149 11,424 34 5,197 20,043 80,298 55,691 86, 662 82,625 15,630 30,426 2,083 38,827 5,126 9,971 853 15,958 3,186 7,497 1,135 39,705 63,732 172,585 2,283,946 3 3 , 1 2 4 4b,ISO 705,954 4,332 8,235 116,629 7,592 15,071 217,837 891 1,501 15,872 73I7 42^4 68.6 51.9 3,435 3,952 1,95s 1,515 5,098 1,699 121,795 36,188 22,602 12,824 23,689 14,298 4,264 8,977 719 1,219 57-2 1,478 70.2 72.6 1,288 2,586 36,796 6,811 6,514 41,219 317,556 98,004 179,987 161,621 47,406 71,066 71,474 310,037 2,943,706 17,782 65,000 931,202 53,692 245,037 2,612,504 21,160 10,230 2,065 5,087 4,309 29,500 111,000 110,644 53,370 56,550 102,650 4 9 5 , 2 2 3 1 9 5 , 6 2 / 2 7 8 , 3 3 2 1 0 b , 0 9 5 182,867 2 1 7 , 6 0 3 10,575 1,521 3,500 56,474 13,052 1,973 39,000 25,054 3,708 6,663 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL R •SERVE AGENTS 7 5 4 , 8 9 3 2 0 8 , 7 7 5 2 8 6 , 8 3 3 1 2 6 , 5 2 4 229,827 4 2 9 , 6 9 8 7 2 , 1 0 6 89,686 9 8 , 5 8 5 2 8 3 , 5 8 0 2 8 , 2 0 0 4 l , b 2 0 2 8 , 5 2 0 4 9 , 8 4 0 268,077 2 4 , 7 0 0 1 8 , 6 2 0 2 5 , 4 8 3 185,488 471,313 180,575 245,213 35,300 9,081 70,000 89,336 186,698 4,800 8,780 27 , 829 1 2,758 1 2,401 131,000 110,389 160,000 149,696 67,680 97,151 203,717 6l 53,023 2,303 70 295 9,834 W i t h i n 15 d a y s B i l l s discounted B i l l s bought i n open m a r k e t 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 S t . 4697c Boston 164,246 TOTAL LIABILITIES Reserve r a t i o (per cent) C o n t i n g e n t 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 2,734 F . R . n o t e s on hand ( n o t e s r e c ' d f r o m F.R.Agent l e a s n o t e s in c i r c u l a t i o n ) 2 1 , 2 4 2 F.R. n o t e s r e c ' d f r o m C o m p t r o l l e r F.R. n o t e s h e l d by F. R. Agent A 459,734 80,794 2,145 73,102 2,668 39,360 39,757 17,136 3,549 17,398 10,500 175,915 28,530 81,259 307,731 100,639 990,808 847,507 7 2 , 0 7 0 79,079 8 1 , 7 8 5 5 9 , 7 1 5 2 7 4 , 5 7 2 2 , 2 4 6 , 6 8 5 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 16 t o 30 d a y s 37 , 573 47,263 31 t o 6 0 days 61,798 81,579 1> 8 1 5' 61 t o 90 d a y s 35,242 67,122 - ' 91 days t o °7,°ug6e 16,501 4,689 Over 6 months Total 1,128 602,961 10,882 293,259 19,532
@FedFRASER