Board of Governors of the Federal Reserve System (U.S.), 1935- and Federal Reserve Board, 1914-1935. "October 26, 1923," H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks (1923-10-26). https://fraser.stlouisfed.org/title/83/item/64963, accessed on May 14, 2025.

Title: October 26, 1923

Date: 1923-10-26
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image-container-0 STATEMENT FOR THE PP~SS St. 3759 Federal Reserve Board, CONDITION OF FEDERAL RESERVE BAI~KS October 25, 192.3. Further decreases of $113,300,000 in the holdings of discounted 1Jills and of $17,000,000 in Federal reserve note circulation, also declines of $1Q,SOO,OOO in ac- ceptances purchased in open market and of $5,800,000 in Government securities are shown in the Federal Reserve Board's weekly consolidated statement of condition of th~ Federal reserve banks at the close of business on October 24, 1923. Deposit liabi- lities declined 8y $51,800,000, as compared with an increase of $69,600,000 reported the preceding week, while cash reserves increased by $11,100,000. Mainly because-of the substantial reductions in deposit lia')ilities, the reserve ratio rose from 75·3 to 76,8 per cent. A decrease of $15,200,000 in holdings of discounted bills is reported by the Federal Reserve 3ank of Boston, of $7,4oO,OOO b,y New York, and of $3,100,000 b,y Chicago. The Kansas City bank shews an increase in its holdings of $4,100,000. and. St, Louis - an increase of $2,600,000 1 while the seven remaining banks show smaller changes for the week, Paper secured oy U. S. Government ooligations declined by $1,800,000 and on October 24 ag~regated $384,300,000. Of the latter ~nount, $239,000,000 was secured b,y Liberty and other U. S. bends, $127,800,000 - by Treasury notes, and $17,500,000- by certificates of indebtedness, Decreases in Federal reserve note circulation are reported by all Federal re- serve banks, except those of Cleveland and Ricl~cnd, which show increases of $2,400,000 and $400,000, respectively. The New York Batik reports the largest decline, by $6,500,000j Boston shows a reduction of $5 1 300,000, Philadelphia a reduction of $2,400,000, and San Francisco a reduction of ~2,000,000. Smaller decreases are shown for the other six banks, Gold reserves increased by $11,2CO,OOO during the week, the New York, Boston, and Bhiladelphia banks reporting the largest increases, and the Kansas City and San Francisco banks the largest reductions, Reserves other than gold show a nominal de- cline, and non-reserve cash - an increase of $2,000,000. A summary of changes in the principal assets and liabilities of the reserve banks, as compared. with a week and a year ago, follows: c. Total reserves • • • , • , Gold reserves • , • , . . . f! f I • It • • Total earning assets • • • , • , , , Discounted. bills, total • • • • . . , . I • Secured by U, s. Government obligations Other bills disccunted • , , •• ~. Purchased bills 4 .. • f . . . . ... United States securities, total • • • . • • • Bonds and notes • , •. , •• , , • • . • , U. S. Certificates of indebtedness • • • • Total deposits • • • • • . • . Members' reserve deposits • • • . Government deposits . • , , . . • • , Othe::;.· deposits , , , • • . . • , •. . . . I ' • Federal Reserve notes in circulaticn • • . .. or Decrease In mill ions of dollars since OcL__l7. 1923 Oct, 25. lq£~ + 11.1 2.8 + 11,2 Incre~se· 10.3 77·9 5.8 320.4 6.3 126.1 + 34·9 31.3 18.3 1.8 + 188.8 16.? + 178.0 .5 51.8 + 81.8 43.5 + 72.2 7.8 ·5 17.0 43.2 + 51·3 + 366.8 + + 4.4 194·3 5·2 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Released for publication Friday morning, Oct. 26j not earlier.
image-container-1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis R~leaS3d for public:ttion Frid.:~y mo:rr:i.n;, Oct.obar 26, 1923; not e:.1rlbr. St. 3759.::. RESOUPCbS AND L!J3ILI'J'IFS OF THE 'F'EL'm F'ED"~RAL PESEWZ Jt~'i;:S COMJI?-I':ii::D Un t;·lclsc..ncls of dcllc'.rs) R E S 0 U R C E S Gold and gold ce,.tific9.tes • Gold settl3rnent £'und - F. R. Board Total gold held bv Jat~~ • Gold with Federal R:;serve Ag.:mts • Gold r3dcnnption fund . . Total gold reserves Reserves other than gold • Total reserv;;s •• Non-reserve cash • • • • . Bills discounted: . . . . . . . . . Sec. by U. S. Government Other bills discounted • Bills bought in open rnarkat obligations Total bills on hand U. s. bonds and notes • • . • . . U. S. Certificates of inde3tedness Municipal warrants • • • • . . . " Total ea:rnin:: assets • , Bank premises • • , . . • 5% Redemption fund against F. R. Bank notes , Uncollected items • • • All other resources . ' . TOI' AL RESOURCES L I A B I L I T I E S Capital paid in Surplus • • • •' Deposits: . . Government • • Member bank - reserve account • Other deposits • • • • • Total deposits F. R. notes in actual circulation . • F. R. Bank notes in circulation - net 1 iability • . • . • • Deferred availability items , • , All other liabilities •• , . . TOTAL LIABILITIES . . ' Ratio of total reserves to deposit and F. R. note liabilities combined •• Contingent liability on bills purchased for foreign correspondents • • • • c. Oct. 2~~~1 Oct. 11L-19£1 Oct. 25, 19?g 375,456 367,835 277,629 618,424 601}34 615,876 993,830 975,569 893,505 2,039,353 2,087,371 2,124,432 53,174 _62,2~ 67,156 3,136,412 3,125,169 3,085,093 72,710 72,854 126,835 3,209,122 76,372 384,346 451,892 l79,747 1,015,985 79,907 3 236 ' 317 1,104,495 55,395 23 66o,46o 13 ,4"70 5,120,342 109,709 218,369 28,323 1,372,179 22,536 1,923,538 2,255,354 529 589,636 23,207 5,120,342 42,331 3,198 '023 74,377 386, 175 468,346 _190,_2~ 1,045,039 86,251 7, 790 317 --- 1,139,397 55,640 28 340,236 13,690 5,321,941 109,688 218,369 361575 1, 915, 740 23,007 - - - ' - 1,9 75,322 2,272,391 473 723,251 22,44 7 5,321,941 75-3% 40,528 3, 211,923 * 195,510 273,369 257,691 727,090 206,060 202,576 27 1,135, 753 45,241 3, 750 653,483 14,940 5,065,C95 106,277 215,398 23,659 1, 799,931 --~..!..180 1, 841,770 2, 238,536 37,995 539,773 25,346 5,065,095 77.6% 33,377 *Not shown separately prio-1" to January, 1923.
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