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statement foe the press St. 3077 Federal Reserve Board, Oct. 5 , 1922. Released, for publication Friday morning,Qct. " not earlier. CONDITION OF FEDERAL RESERVE BANKS. Continued gain s of $12,300,000 in gold and of $9,900,000 in t o t a l cash reserve s, accompanied by in creases of $37, 600,000 in deposit l i a b i l i t i e s and of $31,300,000 in Federal reserve note c ir c u la tio n , are shown in the Federal Reserve Board’ s w eekly bank statem ent issu ed as at clo se of bu sin ess on October 4, 1922, Discounted b i l l s show an in crease fo r the week of about $14,000,000, b i l l s increae purchased in open market - a decrease of $2,700,000, and Government s e c u r itie s anrt of $31,900,000, The reserve r a t io , because of the con sid erable in crease in both d ep o sit and note l i a b i l i t i e s , shows a d e c lin e fo r the week from 78.4 to 7 /.4 per c e n t. The week w itn essed con siderab le s h iftin g of gold through the settlem en t fund away from New York, Boston and Clevelan d. Of the t o t a l decrease of $35,500,000 shown fo r these three banks, the New York bank alone shows a decrease of $25,900,000. S t, Louis rep o rts the la r g e s t accessio n of gold fo r the week, v i z , , $11,664,000, fo llo w ed b y P h ila d e lp h ia w ith an a ccessio n of over $10, 000, 000. Smaller in creases in .g o ld reserves a g g re g a tin g $26,100,000 are shown fo r the remaining seven banks. Gold reserve s of a l l the reserve banks reached a new high record t o t a l of $3,089,300,000, a g ain of $214,300,000 sin ce January 1 of the present y e a r , compared w ith a gai& of $669, 800,000 fo r the corresponding period in 1921. Holdings of paper secured by G-overnment o b lig a tio n s show an in crease fo r the week from $139,100,000 to $156,300,000. Of the to ta l h eld $110*000,000, or 70,4 per cen t, were secured by L ib e r ty and other U. S. bonds, $4,000,000, or 2.5 per cen t, by V ic to r y n o te s, $36,500,000, or 23-4 per ce n t, by Treasury notes and $5,800,000, or 3*7 per cen t, by Treasury c e r t i f i c a t e s 4compared w ith ^109, 900#000, $3,700,000, $19, 300,000 and $6,200,000 reported the week before. A summary of changes in the p r in c ip a l a s s e ts and l i a b i l i t i e s of the reserve banks on O ct. 4 , 1922, as compared w ith a week and a year ago, fo llo w s: Increase or ' In m illio n s of since Sept, 27. 1922 O ct. T otal r e se rv e s. .................................... j . . . + 9,9 " Gold re s e r v e s ............................................ ... 12.3 Total earning a s s e ts . ................................... + 14.3,2 Decrease d o lla r s 5. 19 2 1, + 330. I + 356.7 - 509.0 Discounted b i l l s , t o t a l 14 .0 Secured by U. S, Government o b lig a tio n s . . + 1 7 .2 Other b i l l s d is c o u n te d .......................... - 3.2 - 963.9 - 339*5 - o24.4 Purchased b i l l s . . ................................. - 2 .7 United S ta tes s e c u r itie s , t o t a l ............ .. . + 31.9 Bonds and notes ..................................... + 23.9 Pittman c e r t if ic a t e s .. ............................ - 2.5 Other Treasury c e r t if i c a t e s ................. + 10.5 + + + + 193.4 2 6 l.5 2 17 .6 119 .4 163.3 Totai d ep o sits , . . ................................... + 3 7 . 6 Members* reserve d e p o s its .......................... + 44,5 Government d e p o s i t s ............... .. .............. - 5.0 Other d ep o sits ...................................... - - 1,9 + 18 1,4 + 229,4 - 4 4 .1 3.9 Federal Reserve notes in circulation.............. +31* 3 F, R, Bank notes in circulation, net liability ...................................................- 1.3 ~ 207.7 - 5M Released, fo r p u b lic a tio n Friday morning, O ct, b, • 1922; not e a r lie r . RESOURCES AND LIABILITIES S t, 3077>a OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( in thousands of d o lla r s ) RESOURCES Gold and go ld c e r t i f i c a t e s , . , Gold settlem en t fund - F.R.Board O ct, 4, 1922 Sept, 27. 1922 270,152 272,000 562.241 592,494 T o tal go ld h eld by banks * , Gold w ith Federal Reserve Agents Gold redem ption fund ............... 832,399 2 64,494 2,194 ,9 32 2, 160,522 55,.949 51,92.7 Tot a l go ld . r e s erv es . . . . . . Legal tender n o te s, s ilv e r , e tc . . 3,029,280 3,076,943 12 3 ,72 5 126,184 T otal re se rve s .................. B i l l s d iscoun ted ! Sec. by U .S. Government o b lig a tio n s Other b i l l s d iscoun ted ............... , B i l l s bought in open m arket............... 3 ,a 3 ,0 0 5 3 ,2 0 3 ,12 7 2,882,942 156,318 277,878 235.458 139,10 2 281,078 238 .116 495,866 902,255 42,070 669,654 253.042 658,296 229,158 1,4 4 0 ,19 1 35,433 48 000 ngp pqq *15 50,500 1 7 1 , 7 2>8 ____ 15. 167,375 19>05^ T otal b i l l s on hand ..................... V , S. bonds and n o t e s ............ ... U. S. C e r t ific a te s of indebtedness: One-year c e r t if i c a t e s (Pittm an A c t ) . Other c e r t if i c a t e s ? « # Municipal w arrants ■T o ta l. earning a s s e ts . . . . . . Bank prem ises .................................. 5f° Redemption fund a g a in st F. R, Bank n o t e s ........................... U ncollected i t e m s ............................ A ll other resources ............... . . . 1 , 153,010 44,522 .................. .. L I A B I L I T I E S C ap ital paid in , . , ...................... Surplus ........................................... B e p o sits; Government . . ........................ , , Member b a n k - reserve account , . . Other d e p o s i t s ............... .............. TOTAL RESOURCES T otal d e p o s its F.R. notes in a c tu a l c ir c u la tio n F.R. Bank n otes in c ir c u la tio n net l i a b i l i t y ............................. .. Deferred a v a i la b i li t y item s . . . i l l other l i a b i l i t i e s . . , , . , . , TOTAL LIABILITIES . . . . . . . Ratio of total reserves to deposit and F.R. note liabilities combined , , . Oct. 5.19 2 1 442,472 4 15 ,17 5 863,6471 ,756,582 .0 1 2 ^ 7 0 2,732,599 150.343 1 ,1 0 9 ,7 5 7 44,473 1,662,0 53 29,501 3,917 593»9H 15.0 76 8,242 558,105 15.906 5, 060,694 4, 97o , 26i 5 ,157,3 4 9 106,220 215,398 • 14,90 1 1,842*508 201288 10 6 ,172 215,398 103,046 213,824 19,945 1 ,7 9 7 ,9 7 5 2 2 ,2 13 59,004 1,6 13 ,14 9 24.179 1,8 7 7 ,6 9 7 2 ,2 74 ,6 5 1 1,8 4 0 ,13 3 2,243,384 1 , 696,332 2 ,482,313 44,726 5 18 ,3 3 4 ' 23.668 46,065 4 9 5 ,4 71 2 3 ,638 99,602 488,741 73.491 5 , 060,694 4 ,9 7 o ,2 6 l 5, 157,349 78.4% 60*0% 3 g^2 6 3 l!70 1 l4 .6 o 4 77.4% R eleased fo r p u b lic a tio n Friday morning, O ct. 6, 1922; not e a r lie r , S t. 307Tb RESOURCES AND U T I L I T I E S OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS-, OCT. 4 , 1922. (In thousands o f d o lla r s ) RES OURCE S Boston New Tork P h ila , C le v e » R ich . A tla n ta Chicago S t. Louis M im . Kans.Cy* D a lla s San Fran. Fed eral R eserve Bank of T o ta l Gold and g o ld c e r t i f i c a t e s 6,082 13 ,7 5 8 15,890 155,68 7 3,804 3,927 5,458 25,559 2 ,75 8 270 ,158 7,4 73 9 ,5 7 5 2 0 ,18 7 38,350 ... 9 7 ,9 3 1 40.951 62.121 35.279 31.616 122.969 22. 606 25.308 33.587 21.849 35.674 Gold settlem en t fund — F . R. Board 568,241 54,240 253,613 47,033 75,879 39,206 37,074 14S.52S 26,410 T o ta l g o ld h e ld by banks 32,78 1 36,345 31,4 2 4 55,861 838,399 182,526 7 7 l , 617 158,833 176,490 63,038 93,609 386,797 62,666 36,391 53,8 12 26,022 1 8 3 ,13 1 2, 194,932 Gold w ith iff*' R« A gents 9 .4 7 4 Gold redem ption fund 5.488 10,728 3 ,8 9 9 3,441 1 .1 2 4 ll.5 4 q 1,836 1,0 63 2 ,10 7 3 ,8 57 55.949 1.38 3 246,240 1,0 30 ,72 3 216,594 256,268 105,685 131,80 7 546,874 9 1,18 3 T o ta l g o ld re se rv e s 70,555 9 1,9 9 3 58,509 242,849 3 , 089,280 L egal tender n o tes, s i l v e r , e t c . 11.2 7 0 14*540. _ 15 u 9.35 .....9,258 6,762 5 ,7 1 2 3,804 978 6,239 19.56 5 123 .72 5 3.479 6.183 2 57,510 1 , 065,263 232,529 265,526 112 ,4 4 7 138,046 566,439 96,895 T o ta l r e s e r v e s 71,533 9 5.472 64,692 246,653 3,213,0 0 5 B i l l s d isco u n ted : Secured b y U, S. G ovt, o b lig a tio n s 9 ,379 36,529 2 7,247 14,694 14,034 156,318 2,189 4,305 25,216 7,498 1 ,9 6 1 1 ,6 13 1 1,6 5 3 16,778 Other b i l l s d iscou n ted 21,248 10,339 11,697 28,742 32,800 41,399 19 ,15 8 277,878 22,570 20,028 24,222 28,897 B i l l s bought in open market 17*924 8 1,376 21,18 8 -3 7,0 9 1 784 5 ,2 fo 1 7 .1 5 1 10.544 235.458 10 1 6,303 3 7.72 7 T o ta l b i l l s on hand 44,081 669,654 13 9 ,15 3 58,774 63,482 43,560 42,374 83,766 37,200 24,531 22,318 32,138 7 8 ,2 77 11,2 8 9 U. S. bonds and n otes 1 ,2 4 1 77,535 2 4 ,6 17 27,895 2,8 16 37,682 15 1 10,39^ 18, 76l 253,042 13 ,12 4 2 7 ,5 3 7 U. S. C e r t i f i c a t e s o f indebtedness: One-year c e r t i f i c a t e s (Pittm an Act] > 2,750 11,500 3,000 3,000 3,460 6,667 3 ,5 7 1 3,000 3,321 1,900 48,000 2,832 2,999 Other c e r t i f i c a t e s 6,763 29,065 16,709 73,657 2,886 13,011 3 ,76 5 11,4 6 2 2,031 18,504 4,446 182,299 M unicipal w arran ts 15 15 T o ta l earn in g a s s e ts 301,845 9 3 ,154 123,442 48,261 *+7,555 119 ,3 3 1 63,978 74,829 43,556 66 ,18 7 40,619 130 ,253 1 ,153,010 Bank prem ises 9,646 5 ,2 5 1 1 ,7 6 6 603 6,431 2 ,5 7 1 961 5,060 2,093 7,703 1,4 8 6 44,522 . 9 51 5$ Redemption fund a g a in s t F. R. Bank n otes 574 422 250 468 665 17 3 198 94 239 223 146 400 3,S52 U n co llected item s 60,970 145,639 54,086 5 6 ,29 1 53,594 23,632 7 5 ,8 15 38,560 2 6 ,74 1 37,344 631,701 16,390 42,639 A ll other resou rces ........ 494 2.148 534 1 ,1 7 8 . _5_2J_ 145 466 506 1,316 14.604 4 ,74 4 642 1.908 TOTAL RESOURCES 399,476 1 ,5 2 5 ,1 1 5 3 8 1,15 6 453,10 7 217,569 211,612 770,419 201,113 133,954 210,400 136,199 420,574 5 ,060,694 — - - - - — — — — R eleased fo r p u b lic a tio n F rid a y morning, October 6, 1922; not e a r lie r . S t. 3077c. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS OCTOBER 4 , 1922, (In thousands o f d o lla r s ) L I A B I L I T I E S F ed eral Reserve Bank Boston Hew York P h ila , C leve. R ich. A tla n ta Chicago S t. Louis Minn. Kans. Cy. D a lla s San Fran. T o ta l C a p ita l p a id in 8,090 27,805 9,19*+ 3,562 *+,787 ^,567 Surplus 16,483 60,197 17,9*+5 9,388 7 ,*+6s 9,646 , *+ , s D e p o s its : Government 4,944 79 823 , s 1,17*+ 811 781 Member bank - reserve account 126,842 702,210 115,*+32 + ,628 Ss 62,276 47,542 81,314 , * + 50,64i Other d ep o sits .. 635 — . 10,223 243 J02_ 1.31*1 ...65^ ■1,190 7^9 ...290 , . _ 2 2 i. T o ta l d e p o sits 127,556 F. R. n o tes in a c tu a l c ir c u la tio n 196,347 , , * ,^ *+ , , , F. R. Bank notes in c ir c u la tio n net l i a b i l i t y 2,100 . , s D eferred a v a i l a b i l i t y item s r n’oS *+ A l l oth er l i a b i l i t i e s -------__U?’59f » °l l, l -.J TOTAL LIABILITIES , , *+ , oo , R atio o f t o t a l re se rve s to d eposit and F. R. note l i a b i l i t i e s combined, per cent 79.5 68.2 68.7 .*+ Contingent l i a b i l i t y on b i l l s purchased fo r fo r e ig n correspondents 1 ,97*+ 1 1 , 6 8 9 5 , 6 2 3 4 , 3 4 3 1 4 , 7 4 5 * + , 1 9 9 7 1 , 8 8 9 3 0 1 7 0 3 6 , 1 8 0 0 1 1 0 7 6 3 1 8 9 , 6 4 7 ] ’ W ^ 3 9 9 l 9 ' n , * + 7 6 1 9 2 2 4 5 8 2 1 5 2 5 , 1 1 5 5 k 8 8 0 . 2 1 , 1 5 7 6 , 9 l 1 ^ 6 6 2 3 , 9 2 i l 5 ^ 0 2 5 5 6 4 3 9 9 0 , 0 5 3 6 1 2 2 , 7 3 3 1 8 4 , 1 0 7 1 , 5 2 1 , 1 8 4 1 7 , 5 6 9 0 0 3 5 2 , 7 7 9 1 9 7 2 . 7 . 5 , 5 0 , G 3 f 2 6 9 2 8 1 6 1 1 , 6 1 2 0 , 2 7 2 7 8 . 9 , 4 1 9 0 4 3 5 6 , 2 1 7 1 5 , 2 6 7 0 , 5 4 5 1 . 1 9 9 2 3 8 , 1 1 5 3 , 3 3 9 7 7 0 5 5 , 2 3 , * + 3 1 , 1 1 3 6 0 , 7 8 5 1 , 2 7 5 * 3 6 3 1 6 1 , 6 1 9 2 0 8 6 . 3 2 1 1 . 4 1 3 3 1 , 1 1 3 6 7 , 3 . 1 6 2 5 9 5 8 6 2 1 5 7 4 3 2 2 0 , 3 9 2 8 7 5 , 7 4 3 2 2 6 , 1 9 . 9 3 1 3 0 0 5 5 F. R. n otes ou tstan din g F. R. n otes h e ld b y banks F. R. notes in actual circulation 2 1 0 ,SI 9 6 , 1 6 3 2 , 2 , 3 ^ 7 1 , 3 2 5 1 7 9 7 3 3 , 2 1 8 1 , 2 7 1 7 3 0 1 9 2 7 4 , 6 4 4 5 1 5 2 4 , 7 2 6 5 1 8 , 3 3 4 2 , 6 6 8 , 6 9 4 3 1 7 4 2 0 , 5 7 4 9 2 0 , 2 8 8 5 0 3 6 0 . 4 1 , 2 9 8 1 , 2 4 4 7 0 3 7 3 1 , 9 6 6 .S 1*,?^ f 6 i 1 0 l i l , + , — LJ __ . * Up.itsU 9 8 , 2 0 7 l , 7 6 3 1 9 , 2 5 3 1 8 6 , 9 2 1 8 2 6 1 6 8 1 5 , 9 9 9 1 2 0 1 9 0 , 5 0 6 1 2 6 3 9 1 5 3 9 1 1 , 5 1 * 2 5 9 3 2 9 9 , 6 4 1 5 3 1 rf- 9 , 3 6 9 ■ 1 ------------------ ■ ---------1 -■■-----■ 0 0 3 8 5 , ^ 8 8 0 , 2 7 2 3 . 0 6 8 . - 5 5 , 2 0 4 , 2 7 2 q1 7 4 , 5 9 8 ^ 6 5 ‘* , * 6 1 1 3 2 5 . 0 2 5 2 1 ---- -y______ v3 .>3> —— , 5 7 3 4 3 , 0 9 2 2 8 , 6 6 3 5 . 6 -/ / |v 4 2 1 9 3 , 0 5 2 , , W arn i , 6 8 2 2 7 4 9 1 * 0 6 ’v ____ 2 , 6 5 DISTRIBUTION OF BILLS, U. S. CERTIFICATES OF INDEBTEDNESS AND MUNICIPAL WARRANTS BY MATURITIES W ithin 15 days l6 to 30 days 31 to 60 days 6l to 90 days Over 90 days T o ta l B i 1 1 s di scounted 243,163 , ,*+!*+ *+ 434,196 B i l l s bought in open market * + 17,108 235,458 U. S. C e r t ific a te s o f indebtedness 23,550 1,298 M unicipal warrants 0 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION 3 1 4 , 4 6 6 1 2 2 3 9 2 7 1 4 , 8 5 0 , 2 1 4 , 9 0 1 1 4 4 2 6 6 1 3 6 1 8 4 2 , 5 0 8 1 3 4 0 6 . 9 , 5 1 0 2 2 5 0 , 4 5 7 5 5 8 6 , 6 1 5 , 1 9 9 1 , 0 3 7 , 6 3 2 3 5 7 3 9 5 2 *+ 73 7 3 7 , 1 9 3 5 3 , 2 5 5 7 , 9 5 0 4 , 2 5 0 3 6 4 , 0 5 8 1 7 , 9 5 3 5 3 , 0 8 7 6 2 , 0 4 5 1 3 9 , 1 5 6 12 2 3 0 , 2 9 9 1 5 1 Released for publication Friday morning, Oct. 6, 1922; not ea rlier. St, 3077d FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS OCT. 4, 1922. (In thousands of d o lla r s ) F e d eral Reserve Agent a t R E S O U R C E S F e d e ra l Reserve n otes on hand F e d eral Reserve n o tes ou tstan d in g C o lla t e r a l S e c u r ity fo r Fed eral R eserve notes ou tstan d in g: Gold and gold c e r t i f i c a t e s Gold redem ption fund Gold fund - F . R. Board E l i g i b l e paper Amount req u ired E x cess amount h eld Tom B oston New York P h ila . C le v e . R ich. - A tla n ta Chicago S t. L ouis Minn. 79,200 210 ,8 13 347,4-10 40,820 32,340 8 4 5,157 206,181 232,167 26,650 68,134 8 2 ,7 a ) 25,360 98,207 126,894 425,932 99,641 10,030 58,272 5,300 14 ,2 2 6 163,000 363,184 13 ,2 7 5 37,433 9,944 1 3 ,2 1 5 371,000 148,889 150,000 2,243 60,795 13,052 K ans.Cy. D a lla s San Fran. T o ta l 13,650 74,598 15,128 4 6,413 56,910 258,665 798,352 2,682,940 3,452 20,000 50,360 7,686 3,336 15,000 14,383 168,748 416,507 125,18 8 1,6 5 3 ,2 3 7 33,285 3 9 ,135 36,975 21,881 20,786 20,391 75,534 8 .9 16 4 4 .6 a _. 225... J ul7P3_ 1.5 2 8 llj.588 2.742 516,620 2, 096,173 459,341 503,322 230,910 330,838 979,213 224,867 128,277 164,374 119,542 576,982 488,008 166.227 6, 330,459 28,287 JL5.794 73,540 58.44q 47,348 6,1-59 55 ,6 77 6.648 2,400 11,610 4,709 1 6 ,15 2 2,756 86,500 370,645 48,300 3,339 35,169 7.846 L I A B I L I T I E S Net amount of Federal Reserve n o te s re ce ive d from Comp t r o l l e r of the Currency C o lla t e r a l r e c e iv e d from F ed eral Reserve Bank: & ° ld Eligible paper Tom / , ' 290,013 1 ,19 2 ,5 6 7 247,001 264,507 124,8 57 195,028 508,652 125,001 ■ 68,302 88,248 6 l,5 4 l 315,575 3,4 8 1,2 9 2 36,391 26,022 18 3,13 1 2, 194,932 516,620 2, 096,173 459,341 503,322 230,910 330,838 9 79,213 224,867 128 ,2 77 164,374 119,542 576,982 6, 330,459 182,526 771, 6 17158 ,833176,490 ,44x081--ljl.,989. 53.507 62.325 63,038 93, 609386,797 43,015 42.201 83.764 62,666 37.200 23.584 53,812 22.314 31.Q7q 78.276 654.235
@FedFRASER