The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR TEE P3BSS for publication F r i d a y .morning, O c t . 9> not e a r l i e r . " S t . 4680 e r a l D e s e r v e BomYi, O c t o b e r 8, 1925. CONDITION OF FEDERAL RESERVE BANKS The c o n s o l i d a t e d s t a t e m e n t of 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 b a n k s on O c t o b e r 7, made p u b l i c by t h e F e d e r a l R e s e r v e Board., shows a n i n c r e a s e of $ 1 0 * 8 0 0 , 0 0 0 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 5 , 6 0 0 , 0 0 0 i n a c c e p t a n c e # p u r c h a s e d - i n open m a r k e t ; p a r t l y o f f s e t by a r e d u c t i o n of $ 1 2 , 8 0 0 , 0 0 0 i n Government s e c u r i t i e s . Total b i l l s %nd s e c u r i t i e s w e n t up $ 8 , 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 $16,000,000, while cash r e s e r v e s d e c l i n e d $37100,000. I n c r e a s e s of $ l U , 4 0 0 , 0 0 0 and $ 1 3 , 5 0 0 , 0 0 0 , r e s p e c t i v e l y , i n d i s c o u n t h o l d i n g s a r e r e p o r t e d by t h e F e d e r a l r e s e r v e b a n k s o f C l e v e l a n d and C h i c a g o . The B o s t o n b a n k shows a d e c r e a s e of $ 1 2 , 4 0 0 , 0 0 0 , St* L o u i s of $ 6 , 6 0 0 , 0 0 0 , and A t l a n t a of $4, 200, 000, and t h e r e m a i n i n g b a n k s show s m a l l e r c h a n g e s i n d i s c o u n t h o l d i n g s f o r t h e week. L a r g e r h o l d i n g s of a c c e p t a n c e s p u r c h a s e d i n open m a r k e t a r e r e p o r t e d by a l l F e d e r a l r e s e r v e b a n k s e x c e p t P h i l a d e l p h i a and. M i n n e a p o l i s , w h i c h show s m a l l d e oLines. T r e a s u r y n o t e s on hand d e c l i n e d $ 1 3 , 3 0 0 , 0 0 0 , T r e a s u r y 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 $ 4 0 0 , 0 0 0 , • and , h o l d i n g s of U n i t e d S t a t e s b o n d s r e m a i n e d p r a c t i c a l l y unchanged. The p r i n c i p a l c h a n g e s i n 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 u r i n g t h e week comp r i s e i n c r e a s e s a s f o l l o w s : A t l a n t a $ 4 , 2 0 0 , 0 0 0 , Richmond $ 3 , 8 0 0 , 0 0 0 , and San F m n cisco $2,400,000. B e g i n n i n g t h i s week two new i t e m s h a v e b e e n added t o t h e s t a t e m e n t i n o r d e r t o show s e p a r a t e l y t h e amount of b a l a n c e s h e l d a b r o a d and a m o u n t s d u e t o f o r e i g n correspondents. I n a d d i t i o n , t h e c a p t i o n " A l l o t h e r e a r n i n g a s s e t s , " now made u p of F e d e r a l I n t e r m e d i a t e C r e d i t Bank d e b e n t u r e s , h a s b e e n changed t o " O t h e r s e c u r i t i e s , " and t h e c a p t i o n " T o t a l e a r n i n g a s s e t s " t o " T o t a l b i l l s and s e c u r i t i e s . " The l a t t e r t e r m h a s b e e n a d o p t e d a s a more a c c u r a t e d e s c r i p t i o n of t h e t o t a l of t h e d i s c o u n t s , a c c e p t a n c e s and s e c u r i t i e s a c q u i r e d u n d e r t h e p r o v i s i o n s of s e c t i o n s 13 and 14 of t h e F e d e r a l R e s e r v e A c t , w h i c h a r e t h e o n l y i t e m s i n c l u d e d t h e r e i n . 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 and t h e y e a r e n d i n g O c t o b e r 7 , 1925* f o l l o w s : Increase or decrease Week Total reserves Gold r e s e r v e s during Year - $3,100,000 + 1,400,000 - $269,200,000 - 284,600,000 + -8,100,000 + 10,800,000 + 3;600,000 + 7,300,000 + + + + 240,400,000 377,600,000 209,900,000 167,700,000 + 15,600,000 + 108,600,000 U. S. Government. s e c u r i t i e s , t o t a l . . . Bonds . . . . ... . . . , . . . - - » 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 - 18,800,000 100,000 - 18,^00,000 400,000 + — - 257,100,000 l6,300,000 l 4 8 , 1 vO,OuO 1^5,300,000 Federal Reserve notes in c i r c u l a t i o n • . • + 16 , 0 0 0 , 0 0 0 - 5b,300,000 Total d e p o s i t s . . . . . . . . .. . V * • Members ! r e s e r v e d e p o s i t s . . . . . . • Govarnment d eioosi t s . . . . . . . . . . + 15,100,000 + 28,200,000 - l4,600,000 + + - 27,500,000 48,600,000 20,800,000 . . . . . . * T o t a l b i l l s and s e c u r i t i e s . . . . . . . . Bills discounted, t o t a l . . . . . . . . S e c u r e d 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 . B i l l s b o u g h t i n open m a r k e t . . . . . . E e l eased* 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 9 , 19 25 J n o t e a r l i e r . S t . 46.30a 3JKOUBCES AIM LIABILITIES OF THE TWELVE'FEDERAL RESERVE 3ANES COMBINED ( i n t h o u s a n d s of d o l l a r s ) . O c t . 7 , 1925 S e p t . 30. 1925 Oct- 8, 1924 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 . . . Geld r e d e m p t i o n f u n d w i t h U . S . T r e a s u r y Gold held e x c l u s i v e l y a g a i n s t F . R , n o t e s 1,365,341 53,9^0 1,424,247 1,331,94l 54,197 1,436,133 748.208 533,933 736,603 537,2d6 6l9s 128 402,>20 2,7ol,388 2,759*967 3,045,946 Reserves o t h e r than gold 101,093 105> 967 35,o94 Total reserves . . 2,8o2,481 2,865,534 3,131,640 48,409 320,381 323, 648 48,189 . 3^6,794 316,394 46,771 A , . h 110,444 155,944 T o t a l b i l l s djsco*unted . . . . . . . 644,029 633,138 260,388 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 : Bonds . , , , 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 . . . . . 283,944 2o8,310 ^75,392 55,612 249,811 18,695 55,652 2&S, 1D5 1 9 , 093 39,3l6 397 >916 143,9&> 324,124 342,906 581,221 ^ 2,420 10, 604 2,420 10, 200 1,750 "" . • 1,265,121 1,257*024 1,024,751 Gold s e t t l e m e n t f u r d w i t h F . R . Board . Gold and g o l d . c e r t i f i c a t e s h e l d by b a n k s T o t a l gold r e s e r v e s . . . . . . . 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 . 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 g o l d - * * T o t a l b i l l s and s e c u r i t i e s ^ . 39 >"P_2 2,024,498 j i ..if j l TOTAL RESOURCES . . . . . . 4,969,498 4,905,540 4,916,085 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 . . . 1,701,128 1,685,114 1,757,452 Member bank - r e s e r v e a c c o u n t . . . . 2 ., 2 3 3 , 1 5 4 .6,732 8,306 2,209,937 31,302 . 7,530<- 2 , 1 8 9 , 5 3 6^ 37,54b 11,643 . J . . . 2,283,0^7 2,2o7,919 2 , 2 ^ 5 , 551 . 636,162 603,977 ^5/,432 4,905,540 4,91o;085 L I A B I L I T I E S EFB-::::::;;-:: J f J i J i t Total deposits . . . . Deferred a v a i l a b i l i t y items 5 S u : M m TOTAL LIABITI IES 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 . . . 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 f o r foreign correspondents . . . . . 0. 4,969,498 M M 71*8% 7 2 . yp . 73»0/fc 35,697 33,531 18, eo? RESOURCES AND L I A B I L I T I E S OF THE FEDERAL RESERVE BANKS ON OCTOBER 7 , St. 4680b 1925- ( i n t h o u s a n d s of d o l l a r s ) E E S O U E C E S Boston New Y o r k Phi l a . Cleve. Rich. A t l a n t a C h i c a g o Et L o u i s Minn, TTans.Cy. D a l l a s S a n F r a n . 119,610 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 f u n d w i t h U. S . m r e a s . 9,165 300,609 130,349 181,022 54,752 133,633 115, CO 3 19,701 12,600 1 2,861 4,162 1,76 6 2,502 3,838 1,334 Gold h e l d e x c l u s i v e l y a g a i n s t 128,775 P\, Ej Gold s e t t l e m e n t f u n d w i t h F . R , Board 46,863 28, y j k Geld and g o l d c e r t i f i c a t e s 313,209 143,210 185,184 56 , 518 136,lhO 118,841 21,035 45,9 3 3 47 , 56 8 33,891 193,293 1,424,247 748,208 253,001 46,965 5%,241 35,16] 28.037 124,645 40,378 26 . 224 29 , 740 17,783- 41,170 7,420 4,350 7,321 24,8% 588,933 9,253 22,244 47,535 9>273 2,573 24,179 2,761,388 907,718 212,419 290,960 100,952 166,755 327,665 70,696 79,627 81,653 58,995 259,951 5, "73 101,093 67 5,155 399 9,218 1,469 5,775 6,557 3,900 6,037 14,893 24,851 932,569 218,194 297,517 104,852 172,792 342,558 79,914 81,096 85,557 64,150 265,623 2,862,481 48,409 2,661 1,615 565 1,964 18,039 1,058 2,369 ' 2,909 2,761 7,641 2,613 T o t a l gold r e s e r v e s B a s e r v e s o t h e r t h a n gold Total reserves Nan-reserve cash B i l l s die counted: S e c u r e d by U . S . G o v t . o b l i g a t i o n s Other b i l l s discounted T o t a l b-11 s d i s c o u n t e d B i l l s b o u g h t i n open m a r k e t U. v . Government s e c u r i t i e s : E 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 Total U.S. G o v ' t , securities 203,992 13,667 217,659 4,214 14,509 23>153 37,662 51,759 537 2,238 4,596 7,671 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 T o t a l b i l l s and s e c u r i t i e s Due f r o m f o r e i g n b a n k s Uncollected items Bank p r e m i s e s All other resources TOTAL RESOURCES 43,257 4,311 144,053 22,917 41,175 10,226 5,635 43,142 33,5-H 5,370 2,952 3,568 3,302 2,126 24,969 1,257 535 18,428 7,965 a ; 989 1,191 4,252 835 12,398 19,928 23,480 1,197 18,873 93 20,163 7,558 9,020 16,578 8,138 22,980 1,998 33,H6 6,373 22.944 700 • 54 38,941 4,937 492 353 428 7 2,319 357 27,861 5,929 7; 256 24,035 37,79s 22,368 32,06s 36,122 19,086 231,856 "45,235 74,043 46,34s 24,721 76,683 29,408 6,520 10,558 8,115 52,830 25,016 31,055 19,456 20,243 4,967 20,587 38,961 2,670 24,641 28,117 16,472 54,268 50 1,021 57,869 19,063 30,975 2,320 995 1,092 "s77lifli6,353 "323,669" -639 2,344 63,131 63,131 17,163 1,289 7,9 48 309 306 166 3, 509 390,710 1,452,707 371,100 497,624 66,597 4,i90 44,420 1,563 Total 32,181 190,799 1,365,341 1,710 3.-094 58,906 157,119 - 5,443 541 57,299 1,046 1,610 14,279 45,018 439 1,477 60/026 162,139 52,733 48,09 2 62,960 41,736 85,201 2,446 603 2,7 3 0 2,243 5,099 1,444 40 j03 8 17,510 4,709 3,047 376 2,905 231,069 282,393 607,032 180,353 100 30,017 54,961 43,932 320,381 323,648 644,029 283,944 55,618 249,811 18,695 324,124 2,420 10,604 749 122,52? 1,265,121 45,261 30,589 39,968 1,834 3,324 4,646 1,364 4,099 733 639 713,3U 61,475 18,062 153,215 210,500 154,513 438,202 4,969,49s SAMS 01T 0! JTCBEB 7, RESOURCES Aid LIABILITIES ( i n t h o u s a n d s of d o l l a r s ) 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: Mumber b a n k - r e s e r v e a c c o u n t Gov ernrnent .Forsign bank Other d e p o s i t s Total deposits D e f e r - ? ^ a v a i l a b i l i t y items Capita" paid in Surplus All other l i a b i l i t i e s 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 F . R . n o t e s on hand ( n o t e s r e c ' d f r o m circulation) F. R, A-rent l e s s n o t e s i n c: Boston New York 142,818 1,104 854,193 2,546 6,380 9,718 872,837 131,751 31,967 52,749 3,734 153,333 195 131 l4'!,248 62,428 8,606 Phi la. Clave. Bich. A t l a n t a C h i c a g o St * L o u i s Minn. K a n s . C y . D a l l a s San F r a n . 4680c Total 80,440 55,672 88,994 61,871 159,403 2,238,154 507 754 16,732 74l 1,669 955 92 1 85 2,306 1 0 6 67 121 • 9 8 5,045 19,865 362 1,151 795 83,381 56;Sb2 90,850 62,563 165,337 2,283,057 40,092 15,225 32,469 31,125 41,473 636,162 15,623 5,126 3,189 4,26s 4,331 8,194 116,46l 30,426 9,971 7 , 4 9 7 8,977 7,592 15,071 217,237 14,853 840 1,422 675 l,< • 697 1,132 60.7,082 180,383 153,215 210,500 154,513 438,202 4,969,498 71,8 71.4 58.0 64;6 54.1 70.5 6 b . 2 136,286 176,748 68,819 80,286 332,624 144 5,103 1,133 1,138 933 108 364 140 245 283 166 71 9S9 263 1,076 137,932 179,245 70,052 SO.609 339,080 55,176 56,571 59,693 30,4-12 73,027 11,501 13; 052 3,123 3,593 5,984 4,614 4,634 1,545 1,108 1,343 1,175 2,351 35,697 n6,301 36,052 16,823 13,719 20,533 14,027 6,695 J,727 6,769 5,990 32,228 293,213 2,485 14,884 St. 353,669 145,925 225,076 82,572 156,854 147,026 41,116 68;644 67,261 47,997 206,655 1,701,128 20,059 22,462 11,701 8,950 954 507 1, 212 l,06i 713 390,710 1,452,707 371,100 497,624 231,069 282,393 72.8 71.9 76.0 76.9 73*6 68.7 16,382 1925. u,183 1,780 1,377 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL BESERYE AGENTS F.R, n o t e s r e c ' d from Comptroller F . R , n o t e s h e l d t y F. R. A g e n t F t E . n o t e s i s s u e d t o F . R. Bank C o l l a t e r a l hel<? 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 . E. B a n k : Gold and g o l d c e r t i f i c a t e s Gold red o m p t i c n fund Gold f u n d - F. R. Board Eligible paper Total c o l l a t e r a l 267,497 758,670 213,177 282,974 120,850 224,007 431,130 73,211 91,081 99,813 72.469 309,883 2,944,762 94,280 283,700 31,200 41,070 24,559 46,620 270,077 25,400 18,650 25,723 18,482 65>000 949,2 a 173,217 469,970 181,977 241,904 96,291 177,387 161,053 47,811 72,431 74,030 53,987 244,883 1,994,941 35,300 14,310 70,000 89,421 209,031 / • 10,575 13,052 186,698 4,800 8,730 21,160 10,230 27,911 12,160 12,242 4,092 7,408 4,359 1,626 1,368 3,897 86,000 113,329 160,000 29,500 116,000 110,644 7,500 30,000 39,360 233,736 54,038 93,172 50,900 45,159 115,566 32,061 30,586 38,555 534,345 184,387 274,194 105,652 172,797 230,569 51,762 75,006 81,812 17,136 3,545 17,927 11,500 172,812 24,562 77,623 307,731 946,705 865,379 56,743 268,422 2,250,720 110,905 MATURITY DISTRIBUTION OF "BILLS AND CERTIFICATES OF INDEBTEDNESS Within 15 days Bills discounted B i l l s b o u g h t 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 500,588 92,931 ^ 2 , 6 ^ l6 to 30 days 35,822 46,870 31 to 60 days ' 52,608 74,242 6l to 90 days 42,216 55,939 -?// 1,6*6- 91 days to 6 months 5,105 13,962 5,206 Over 6 months 1,69 0 - 9,227 Total 644,029 283,944 1 2,695
@FedFRASER