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Released, for publication. IFriday morning, Sept. 1; not earlier. STATEMENT FOR THE HESS s t . 2999. F ed eral Reserve Board, August 3 1 , 1922. CONDITION OF FEDERAL RESERVE BINES A ggregate in cre a se s o f $32,300,000 in earn in g a s s e t s , accompanied by in creases of $29,200,000 in d e p o sit l i a b i l i t i e s and o f $6,500,000 in Federal reserve no e c ir c u la tio n , are shown in the Federal Reserve B oard's w eekly bank statem ent S L a t Cl0S® ° f b lisin ess on August 30, 1922. G old're serves show a gain o f $i,f0 0 ,0 0 0 and t o t a l cash re se rve s - a gain 6/ $3,200,000. The re serve r a tio shows a fu rth e r d e c lin e from 79 -3 to 79-2 per c e n t. A l l c la s s e s o f earning a s s e ts were la rg e r than the week b efo re: discoun ted b i l l s - by $14,400,000, acceptan ces pur chased m open market - by $5,200,000 and U. S. s e c u r itie s - b y $13 ,200,000, an in crease o f $12,900,000 in Treasury c e r t if i c a t e s being o f f s e t b y redu ction s o f ¥5>700,000 in oth er government s e c u r itie s . S h iftin g o f g o ld through the gold settlem en t fund accou n ts la r g e ly fo r the changes in g o ld r e se rv e s o f the se v e ra l reserve banks. C levelan d shows the la r g e s t ± ^ r \ &Se ^ °r ^ e k , v i z . , $9,747,000, A tla n ta rep o rts an in crease o f over ¥ b ,000, 000, w h ile sm aller in c r e a s e s , a g g re g a tin g $2 ,900,000 are n oted fo r the an F ra n cisco , D a lla s , S t. L o u is, Ricfcmond, and M inneapolis-banks. Chicago rep orts tne la r g e s t decrease o f gold reserves fo r the week, v i z . , $10, 200,000, w hile sma er © creases, a g g re g a tin g $12,200, 000, are shown fo r the rem aining fou r re serve banks, 4-v, ! H^ld in § ! ° f PaPer secured by Government o b lig a tio n s show an in crease fo r the week from $125,700,000 to $133,600,000. Of the t o t a l h e ld , $102,300,000, or SI per c e n t, were secured by L ib e r ty and other U. S. bonds; $4,300,000, or 3 .2 n o te s J $15>300,000, or 11*5 P®** cent by Treasttry n o tes; and th , per Cent Treas'uxy c e r t i f i c a t e s , compared w ith $101,200, 000, $ ,100,000, $15,100,000 and $5,300,000 reported the week b e fo re . 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 o f the re serve banks on August 30, 1922, as compared w ith a week and a yea r ago, fo llo w s : T o ta l re se rve s . Gold re se rve s. Increase or Decrease In m illio n s of d o lla r s sin ce August 23. 1922 August 3 1,19 2 1 + 402.0 + 3 .2 + 422.4 + i-7 T o ta l earn in g a s s e ts D iscounted b i l l s , t o t a l . . . . . . Secured by U. S. G o v 't o b lig a tio n s Other b i l l s discounted . . . . . . + 1 4 .4 + 7 .9 + 6,5 Purchased b i l l s .. ...................... U nited S ta te s s e c u r it ie s , t o ta l. . Bonds and notes ....................... Pittm an c e r t i f i c a t e s .................. Other Treasury c e r t if i c a t e s + + + T o ta l d e p o sits . ........... Members’ reserve d ep o sits Government d ep o sits. . . Other d ep o sits ............... + 29. s + 21.5 + 7 .6 + .7 Federal Reserve notes in circulation F. R . Bank notes in circulation, net l i a b i l i t y .................. + 6.5 - 5 .2 13.2 2 .7 ^.0 18 .9 3-0 - 623.4 - 1,0 2 7 .5 4 1 1 .5 676.0 + 136.4 26 7.7 15 9 .7 130.9 233.9 + - 190.9 13 8 .1 4 .7 1.9 328.3 - 55.9 Released for publication Friday morning, Sept. 1, 1922; not earlier. RESOURCE AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS St.2999a COMBINED (In thousands of d o lla r s ) RESOURCES Aug. 30, 1922 Aug. 23, 1922 Aug. 3 1, 1921 Gold and gold c e r t i f i c a t e s .................. 293,751 300,4-70 413,900 Gold settlem en t fund - F.R.Board . . . . U20 520, 556428,075 T o ta l go ld h eld b y b a n k s ............... 828,171 8 2 1,0 2 $ voJ> 241,975 Gold w ith Federal Reserve Agents . . . . 2, 197*658 2 , 197,316 1,694,523 Gold redemption fund ........................... 3 7,525 43,420 104,563 g o ld re se r v e s ....................... 3 ,0 6 3,4 14 3 ,o6l r ? 68" 2 ,6 4 l,0 6 l g a l tender n o te s, s i lv e r , e t c ............ 132,474 130,902 146,859 jre s e r v e s ............................ 3 , 195,288 B i l l s aisccvunted: Sec. by U.S. Government o b lig a tio n s , 133,6 51 Other b i l l s discoun ted ..................... 270 ,717 Bills bought in open market ................. 171,706 3, ^, 2 , 787,920 125,738 264,189 166,488 545,176 946,759 35,320 576,074 193,750 556,415 196,418 1 , 527,255 34,008 63,000 241,220 21 66,000 222,342 21 193,275 2,350 To ta l earn in g a s s e ts Bank prem ises 5 70 Redemption fund a g a in s t . F. R. Bank n o t e s .......................... .U n co llected i t e m s ............................. A ll other resou rces .................. . . . 1,07^065 43,456 1 ,0 4 1 ,19 6 43,344 1,75 7,4 8 8 27,509 6,567 510,807 17 ,8 4 1 17 ,4 10 9',539 455,897 ' 17,4 70 TOTAL RESOURCES L I A B I L I T I E S C a p ita l p aid i n ............... .. .............. Surplus . . . . . .................. . . . . D eposits: Government ...................................... Member bank - reserve account . . . . Other d ep o sits ................................ T o tal d ep o sits ............................. F.R, n otes 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 l a b i l i t y item s ............ . A ll other l i a b i l i t i e s ........................ . TOTAL LIABILITIES . .............. , . R atio o f t o ta l reserves to deposit and F.R, note l i a b i l i t i e s combined . . . . 4,848,624 4 ,8 3 1,4 2 6 5,055,823 106,086 . 215,392 106,041 215,398 5 1,5 5 3 1,807,008 2 3 ,12 5 1,8 8 1,6 8 6 2 ,1 5 3 ,1 8 1 43,972 1,78 5,4 8 9 22,390 1 , 851,851 2 ,14 6 ,6 7 4 46,809 1,6 18 ,9 0 1 25,044 1,6 9 0 ,75 4 2 ,4 8 1,4 6 6 53,960 4 15,76 2 2 2,551 4,848,624 56,953 432,286 22,223 4 ,8 3 1,4 2 6 109, S64 389,362 67,503 5,055,823 79*25© 79.$$ T o tal M i l s. on hand . . . . . . . . . U, S. bonds and n otes .................. ... . U. S. C e r t ific a t e s o f in d ebted n ess: One-year c e r t i f i c a t e s (Pittm an A c t), . Other c e r t i f i c a t e s ............... .. , , M unicipal w arrants . . . . . . . . . . 6 ,5 72 103,050 213,824 66. 8$ R eleased f o r p u b lic a tio n F rid a y m orning, S ept. 1 , 1922; n ot e a r lie r . pQQQ RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS; AUG. 30, 1922. St.2999b. __ „ (In thousands o f d o lla r s ) RESOURCES Fed eral Reserve Bank o f Boston New York P h ila . C lev e . R ich. A tla n ta Chicago S t.L o u is Minn. Kans Cv D a lla s San Frar, rpA*al Gold and gold c e r t i f i c a t e s l 4 , 34s 182.289 5,78 2 13,497 3.610 5,4o4 25 j W 4 ,$ J 29W 51 Gold settlem en t fund - F. R. Board J & 36O--- 104,649 38,247 58.037 35.78 1 25,445 126.706 12.628 2 8 .5 11 24.489 Q.qo? 33*660 5^4 420 T o ta l gold h e ld by banks 50J O 8 286,938 44,029 7 1.5 3 4 39,391 30,8^9 151,950 16,701 35.935 27,197 1 9 'o i2 53'927 828*171 Gold w ith F. R. Agents 164,493 832,532 150,326 16 9 ,117 57.247 95.988 384,821 55,482 27,885 57,OgH 16 305 186*178 2 1 9 7 ’fiRS Gold redemption fund __£2486------ 6 ^ 6 , ,,.5,799 2 tg*9 3,240 1,493 1,9 9 7 2 !l0 5 2 ^ 1.2 2 0 U ll A ?7 % T o ta l g o ld re se rv e s 221,687 1 , 125,666 200,154 243,200 99.878 128,330 538,768 74,288 65,873 8 5,50 1 36,157 243,912 3 ,o 6 3 ,4 l4 T o ta l re se rv e s 230,385 1 .163,812 211,519 252,632 B i l l s d isco u n ted : Secured b y U .S . Govt, o b lig a tio n s 9,882 24,694 28,115 15,135 Other b i l l s discoun ted 13,963 20,127 9,908 11,431 B i l l s bought in open market 1 1 . 1 9 2 4 5 j 810 30,060 30,825 T o ta l b i l l s on hand 90,631 68,083 57,3 9 1 35,037 U„ S. bonds and n otes 1 1 .1 7 7 32,303 23,589 27,643 U. S. C e r t if ic a t e s o f in d eb ted n ess: One-year c e r t i f i c a t e s (Pittm an Act] 1 3,950 16,000 4,500 4,000 O ther c e r t i f i c a t e s 33,647 102,718 6,525 40,072 M u n icip al w arrants T o ta l earn in g a s s e ts 8 3 ,8 11 241,652 102,697 129,106 Bank prem ises 5 ,2 5 1 9,295 ' 603 6,025 5$ Redemption fund a g a in s t F, R. Bank n o tes 422 724 250 . 240 U n c o lle c te d item s 110,087 41,803 50,71s 48,759 A l l oth er resou rces 852 3.489 721 1,34 4 TOTAL RESOURCES 108,122 133,769 $60,554 86,097 66,713 90,054 9.969 1,655 23,07s 4,369 2 ,17 2 2.0 34 25,935 28,93$ 38,328 12,091 2U.9U7 1 6 ,5 1 7 327 662 12.586 16,075 75 31,252 36,231 73.992 32,535 2 7 .1 1 9 18,626 1,2 4 1 208 6,202 18,563 4,445 2 7 ,8 8 1 3,560 5,19 9 2 ,0 3 1 8,667 2 1,6 7 4 41,032 2,571 38,690 110 ,53 5 1,6 3 7 7,6 7S 18S 41,902 53s 46s 19,582 142 3,571 3,500 4 ,3 2 1 5, 391: 2,433 13,001 21 60,060 3 7,5 18 63,829 5i025 952 936 713 2,023 64,835 28,466 880 64o 43,092 249,139 3 , 195,888 1,5 7 8 10,970 35.60 1 32,934 2 .1 0 1 — 2 1.9 91 1 v ^~ 39,282 65,895 2,8 16 37,682 1,900 1,2 6 5 3,832 12,463 13 3 ,6 5 1 2 7 0 ,7 17 171 576,074 193,750 63,000 241,^20 21 45,263 119,8 72 i,07fc,065 2,094 1,339 43 ,.456 198 916 146 279 . 6,567 36 ,10 4 22,926 32,422 13,203 510,807 1,321 914 1,7 9 5 5.205 1 7 ,8 ^ 369,480 1 ,529,059 357.593 44o,o65 194,353 194,288 74 5.195 17S , 23s 119,889 196,842 115,316 4 o s,306 4,848,624 Released for publication Friday morning, Sept. 1, 1922; not earlier. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT QLOSE OF BUSINESS AUGUST 10 192 S t. 2999c (In thousands of d o lla r s ) * ' L I A B I L I T I E S F ed eral Reserve Bank Boston £ £ k ^hU f * Cley e* E ic h - A tla n ta Chicago S t.L o u is Minn. Kans.Cy. D allas San Fran. C a p ita l p a id in 8,107 T o ta l 2 7 , 66k 9 ,1 9 4 11 ,6 9 0 4- — - 14,734 ‘ ' 5,618 4,328 ^,785 3,577 4 ,5 7 3 4 ,1 9 9 7 ,6 1 7 Surplus 16,483 IO d ObS 60,197 17,9 45 22,509 11,0 3 0 9,114 29,025 9,388 7,468 9,646 7,394 15,199 D ep o sits: 2 15 J98 Government 2,592. 20,900 2,779 3 .7 7 8 3 ,2 2 7 3,376 2 ,6 70 1,541 2 ,4 5 9 2,079 3,675 Member Bank - rese rve account 120,466 710 .7 5 2 10 6 ,6 3 1 14 9 ,5 4 7 56 ,19 9 42,477 51,553 5 ,4 17 2 6 4 ,9 3 1 60,436 ^2>773 77,529 44,304 128,023 Other d e p o s its 514 1,807,003 9 s669 1,6 5 6 951 22 s 229 1,2 8 4 571 297 458 188 7,080 2 3 ,12 5 T o ta l d e p o sits 12 3 ,5 7 2 741,321 111,0 6 6 15 4 ,2 7 6 59,654 48,123 2 6 9 ,5 9 1 63 ,6 77 4 4 ,6 11 80,446 46,571 i*s 77 s 1,8bi,6s6 F. R. n o te s in a c tu a l c ir c u la tio n 18 0 .13 6 606.993 177.872 2 0 1,9 4 3 79.360 110 .6 70 372.608 68,874 49,163 60,372 2 9 ,8 6 5 F. R. Bank n o te s in c ir c u la tio n 2,153,181 net lia b ilit y 3,086 11,797 3,958 2,66l 3,351 4,108 7,324 3,424 2,340 7,918 2,468 D eferred a v a i l a b i l i t y item s 36,704 7 6 ,2 1 5 36,0 19 44,385 3^,902 16,778 1,525 53,960 48,560 27,208 11,328 32,783 A l l other l i a b i l i t i e s 1,392 23,093 27,787 415,762 4,872 1,539 1,12 8 1.911 1,167 882 3,353 1,402 1,104 1,726 2,075 22 >,551 TOTAL LIABILITIES ~ 369, 4801 ,529,059 357,593 ‘*‘<0.065 19X.353 19U .288 7 ^ 5 . 1 9 5 178,238 119,889 196,842 115,316 408,306 4,843,624 R atio o f t o t a l r e se rv e s to d ep o sit and F. R, n ote l i a b i l i t i e s combined, p er cen t 7 5 .9 86.3 73*2 70.9 77.8 84.2 8 7 .3 65 .0 71.1 64.0 56.4 70 .4 79.2 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 11,007 2,382 2 ,1 7 3 2,44l 1,458 1,0 98 3,543 1,399 804 1,429 774 1,369 29,877 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F. R. n o tes ou tstan d in g 192,730 8 9 1 ,0 5 5 2 0 0 ,4 7 4 2 1 5 ,8 3 5 86,746 115,198 415,036 83,327 51,261 71^21 F, R. n o tes h e ld by banks 12,594 284, cfe 22,602 13,892 7,3 8 6 4 ^ 8 42,418 141453 z fm l 5 $ 9 F. R. n otes in a c tu a l c ir c u la tio n 606 ,9 9 3 1 7 7 ,8 7 2 2 0 1 ,9 4 3 7 9 ,3 6 0 1 1 0 ,6 7 0 3 7 2 ,6 0 8 68,874 49,163 ___ ' /* B i l l s d iscou n ted B i l l s bought in open market U. S. C e r t if ic a t e s o f indebtedness M unicipal warrants \ ...... ................... 1 ■■■« ........................... ■ . ^ ^ ■*- | X ) f w tj w %vJ I ^ DISTRIBUTION OF BILLS, U. S. CERTIFICATES OF INDEBTEDNESS AND MUNICIPAL WARRANTS^BY MATURITIES W ithin 15 days 16 to 30 days 3 1 to 60 days 6 l to 90 days Over 90 days T o ta l 200,952 ^4,391 81,740 50,962 26,323 404,368 45,053 33,228 53,998 36,022 3*405 171,706 11,069 32,599 34,287 10,420 215,845 304,220 6 12 3 21 Eel eased for publication Friday morning, September 1 , 1922; not earlier. S t. 2999<i FEDERAL RESERVE AGENTS1 ACCOUNTS AT CLOSE OF BUSINESS,AUG. 30, 1922. (In thousands o f d o lla r s ) F e d era l Reserve Agent a t Boston New York P h ila . Kans.Cy. D a lla s C le v e . San Fran. T o ta l RESOURCES F e d eral Reserve n o tes on hand F e d eral Reserve o u 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 o u tstan d in g: Gold and g o ld c e r t i f i c a t e s Gold redem ption fund Gold fund - F , R. Board E li g i b le paper Amount req u ired Excess amount h e ld T o ta l 91,250 192,730 293,050 45,020 32,220 891,055 200,474 215,835 5.300 16,193 143,000 363,184 38 ,34 s 31,760 13,275 10,437 10,842 3 , ^ 2 431,000 139,829 14 5 #000 53.795 72,409 77.980 28,130 115.198 415,0 36 83,327 2,400 3,088 1 1 ,6 1 0 1 5 .1 7 7 90,500 369,644 3,072 40,800 13,715 5 1 ,261 . 13,052 1,833 13,000 14,100 71,321 3.724 53,360 20,263 55,430 32,785 248,151 775,327 2,603,919 7,701 ' - 5 2,604 13,318 416,522 122,088 1.659,048 6,000 173,060 1 6 ,480 61,773 406,261 58,523 50,148 46,718 29,^99 19 ,2 1 0 30 ,2 15 27,845 23,376 14,237 ....1,690. 27.,.19,1* 13.1670 - 1 x 1 6.2 -.6 ^ 8 9 11,880 ..A3,81. 22.774 4,116 .. 156,261 **83.510 2,102,35^ **59.638 *+7 1 ,6 5 2 2U,7*+l 3 1 4 ,6S5 951,826 19 9 ,4 74 119 ,6 6 6 1 6 1 ,1 2 9 108,607 5 5 5 ,84s 6 ,14 0 ,13 0 28,237 6,800 L I A B I L I T I E S Net amount o f F e d eral R eserve n o te s received from Comp t r o l l e r o f the Currency C o lla t e r a l r e c e iv e d from F ed eral Reserve Bank: Gold E li g i b le paper T o ta l 283,980 1 ,184*105 164,493 35,037 245,494 248,055 118 ,5 0 6 18 7 .6 0 7 493,016 1 1 1 ,4 5 7 8 32,532 150,326 1 6 9 ,1 1 7 85,717 63.8 18 5*+,480 4 8 3 ,5 10 2 ,10 2 ,3 54 459,638 4 7 1,6 5 2 57.247 35,988 95,988 31,090 384 ,821 55,^ 82 73.989 3 2,535 211,741 314 ,6 8 5 951,-826 199,^ 64,976 8 5 ,4 2 1 53 ,04s 30 3,58 1 3 ,379.246 27.885 26,805 57,0 84 18 ,6 2 4 16 ,3 0 5 3 9 ,2 5 4 186,378 65,889 2 ,19 7 ,6 5 8 563,226 10 8 ,60 7 555,848 6 *14 0 ,13 0 119 ,6 6 6 1 6 1 ,1 2 9 Released for publication STAT“ ^ ^ PRESS F r id a m otrJ a r l i e r e P t* 8; e « n ie r . . - Federal Reserve B o a rd / September 7 , 1922. CONDITION OF FEDERAL RESERVE BANKS g e t h e r ^ t f n P t 1^ ^ 863 f ^ J 00’ 000 in Federal reserve note c ir c u la tio n to le g a ls l a r e e l i ! ^ thdrJwf ^3 ° f $9,200,000 o f reserve cash, m ainly s ilv e r and the F ed eral tj T * ^ h o lid a y demand fo r ad d ition al cu rren cy, are shown in « Rr i i k Boai d * statem ent issu sd as a t c ^ se ° f * * * » • « ances I DlsC0ynted b i l l i * on hand sho^v a nominal in c r e a se , a cce p tS l d i n ^ ! ! ? n °P en m aI k e t - * * in crease o f $16,700,000, and U. S. s e c u r ity $6 500 000 o f p ? ^ ease o f f 10 »200, 000, n otw ithstandin g the redemption of a 7 9 . T ? o T 5 peT e eL t ! POrted f° r ® “ reS8rVe ratl° 3h°"s The movement a f f e c t S ^ ? ^ ^ S? f f t i n g o f Sold through the go ld settlem en t fund, o f $1*3 , 100,000 in i t <5 D-nT^r i ^ NeW Reserve Bank, which re p o rts a decrease are 3hown fo r tho «? f r e se rv e s. Sm aller decreases ag g reg a tin g $6,77^,000 lil L T l 2 1^ Cm n ° ^ RiChm° nd ta n k s‘ The l a r ^ s t in crease in gold o f $9 , 700, 000*. ‘ and M i n n ^ v ^ rePorted ^ Chic^§0 . D a lla s w ith an in crease i , and M inneapolis w ith an in crease o f $6,1+00,000 fo llo w in g next in ord er* week from |l3 3 .S W ^ O O ^ o ^ n n ^ ^ n ^ n n n 151156^ ° b lig a tio n s decreased during the per the cant cent, - by .e r ^ s e c f S S ^ ’T \ , . 0f v i c t o r i e s $ 5 ,0 0 0 ,0 0 0 . 1 J * ,3 0 0 ,poo, W £° a l or "5 8 oer $ 1 5 ,3 0 0 ,0 0 0 t0tal S’ cpni- * v. ’2 ^ 0r ^ per h e ld - t » 3 .3 0 0 ,0 0 0 , b 0 n d s > * 3 ,5 0 0 ,0 0 0 , ce n t* by Treasury and r e s e r v e s ...................... Gold re serve s or notes, ”1 ‘h 7 9 .2 per and *1 08 '3 0 0 '0 0 0 - Increase or Decrease In m illio n s o f d o lla r s sin ce A u g u s t ? 0, 1 9 2 2 S e p t e m b e r 7,1921 - 9 ,2 + 333,4 5 T o tal earn in g a s s e ts . - D iscounted b i l l s , t o t a l . , + 7 Secured by U, S. G ov*t o b lig a tio n s ’ . 3*2 Other b i l l s d is c o u n t e d ..................... + 3,*9 • Purchased b i l l s . . . . . . . U nited S ta te s s e c u r it ie s , t o t a l' *+ iri*p Bonds and n otes . t * * ’* } ? • ! Pittm an c e r t i f i c a t e s . ! ! * ’ ‘ ‘ Other Treasury c e r t i f i c a t e s .’ .* .* .* T o tal depoes-ifn .n vsits , ................................................................... Members' reserve d ep o sits . . . . Government d e p o sits . . . * ’ Other d e p o sits * ................................... Federal Reserve n o tes in c ir c u la tio n . . . F, R. Bank n otes in c ir c u la tio n , n et l i a b i l i t y ' ' ' * or 2 .7 “ 693.5 kSq 69^5 + vC 7 Z r} i 1 + ~+ l ' £ PU O’ « ln q i? q ” , " . .1 + Rg 7 - ~ •> 0 x,ei 266^ + I i lV 'l 227.1 -7 ~ - 8 ?* I 1 °3 .9 23. 0 2 .2 ~ 305.7 - 55-0 1 Released for publication Friday morning, Sept, 8, 1922; not earlier. St.3003a, RESOURCE AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands o f d o lla r s ) S e p t. 6, 1922 Aug. 30, 1922 RESOURCES 2 8 5 ,3 1 6 ^ 2 9 3,751 Gold and go ld c e r t i f i c a t e s ............... . 534,420 Gold settlem en t fund - F.R.Board . , . • 530^ , 3 15 ,4 5 1 T o ta l gold h e ld by banks ............ 828,171 2 ,19 7 ,6 5 8 Gold w ith F ed eral Reserve Agents . , . , 2,20 6,46s Gold redemption f u n d ..................... .. * 3 8 ,9 1 4 ^ , 37,5 2 5 3,0 6 3 ,4 14 T o tal go ld r e se r v e s . . . . . . . . . 3,060,833 132,474 L egal tender n o te s, s i l v e r , e tc . . . . * 1 2 5 , L S ep t , 1 , . 430,585 438,590 869,175 1,6 7 7 ,19 5 110,008 2 ,656,376 146,876 T o ta l r e s e r v e s . ..................... 3,186,687 B i l l s d iscou n ted: Sec. by U, S. Government o b lig a tio n s . 130,447 Other b i l l s discoun ted . . , . . . 274,636 B i l l s bought i n open market . . . . . 188,365 T o tal b i l l s on hand ..................... • 593,1 448 U. S. bonds and n otes ...................... 207,514 U. S, C e r t ific a te s o f in d ebted n ess: One-year c e r t i f i c a t e s (Pittm an A c t), 56,500 Other c e r t i f i c a t e s . . . . . . . . . 244,178 M unicipal warrant® « ....................... 21 3>195,388 2,803,254 133,651 270,717 171,706 539,333 969,154 576,074 1,553 ,*+07 193,750 33,213 63,000 190,875 17,084 T o ta l earning a s s e ts . ............ Bank p r e m is e s ............ ; ................... 5$ Redemption fund again st F. R. Bank n otes ; ............ .. U n co llected item s A ll other r e s o u r c e s ............... .. • TOTAL RESOURCES ..................... L I A B I L I T I E S C a p ita l p aid in . . . ........................ Surplus ............................................ D e p o sits: Government ................................... Member bank - reserve account . . Other d e p o sits ............................. , 1,101,661 43,636 1,074,065 43/456 1,795,179 27,700 4,698 576,078 IS,193 . 4,930,953 6,567 i?,84i 4,848,624 18,101 5,148,122 106,0S5 215,398 106,086 215,398 103,073 213,824 ’* 37,730 .1,796,081 51,553 1,807,008 23,125 60,701 1,632,135 25,232 1,881,686 1,718,068 2,153,181 2 , 517,563 • • 22,986 T otal d ep o sits . ....................... •1,856,797 F.R. notes in a c tu a l c ir c u la tio n . . , .2,211,889 F. R. Bank n otes in c ir c u la tio n net l i a b i l i t y ............................... 52,793 465,764 Deferred a v a i l a b i l i t y item s . ............ . 22,227 **,930,953 TOTAL LIABILITIES R atio of t o t a l re se rve s to d e p o sit and F.R. note l i a b i l i t i e s combined . . . . 78.3$ 44,920 241,220 . 21 510,807 53,960 415,762 • 9,221 494,667 107,759 2 2,551 418,553 69,282 4,848,624 5,148,122 79.2$ 66. 2$ Released fo r p u b lic a tio n F rid a y m orning, Sept. S , 1922; not e a r lie r . s t , 3003^BE SOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, SEPT. 6, 1922. ( in thousands o f d o lla r s ) SOU R C E S Boston New Y o r k / P h ila . C leve. R ich. A tla n ta Chicago, S t.L o u is Minn. Kans. Cy. D a lla s San Fran. T o ta l j F ed eral Reserve Bank of 14,458 173 , 8 4 y 5,210 13 ,1423 3,666 5^13 25,337 4,115 7,400 2,717 9,116 19 , 95s 285, 316/ Gold and g o ld c e r t if ic a t e s . 26,904 r ^ ^ w -- ~ - -^ ■ 5l d settlem en t fund - F. R. Board 4 1,362 244,50 s / 50,320 76,407 32,012 35,168 164,539 20,806 37,443 32,762 25,624 48,439 T o ta l g o ld h e ld by banks 215,4^ 1 56,610 832,392 149,4oS 169,479 95,260 323,453 53,947 32,885 5M 71 12,990 186,202 2,206,468 1 7 2 ,7 7 1 Gold w ith F. R. Agents 3,342 2,889 1,888 1.89S 5 ,622, ' 5 ,9 31 1,526 1,230 4 ,4 11 1,4 2 7 1 ,1 2 5 Gold redem ption fund 7,5 6 5 32 ,9 14 . 221,698 1 ,0 8 8 ,5 6 205,719 247,313 97,964 132,213 550,881 76,641 72,226 88,759 45,844 239,052 3 ,060,8^3 T o ta l g o ld reserves 6,845 9,972 7 ,7 6 1 4,651 19,923 4,550 L eg a l tender n o te s , s i lv e r , e tc . 705 4,665 125,264 7 ,7 3 5 39,2^5 1 1 ,1 4 7 2,695 229,433 .1 ,121, 728)216,866 T o ta l r e s e r v e s i B i l l s d isco u n ted : Secured b y U .S. Govt, o b lig a tio n s 26,171 28,858 10 ,235 22,105 8,863 19,007 Other b i l l s discoun ted 12,304' 59,320 28,064 B i l l s bought in open market 41,546 107,596 65,7S5 T o ta l b i l l s on hand 44,203 23,529 U. S. bonds and n otes 11,6 9 7 U. S. C e r tific a te s , o f indebtedn ess: 13,500 4,500 0ne--year c e r t i f i c a t e s (Pittm an A ct) 3,250 103,421 Other c e r t i f i c a t e s 6,525 34 ,10 7 M u n icipal w arrants 90,600 268,725 100,399 T o ta l earn in g a s s e ts Bank prem ises 603 9,297 5 ,2 5 1 5$ Redemption fund a g a in s t 422 674 250 F. R. Bank n otes 48,904 127,397 46,249 U n c o lle c te d item s 901 A l l oth er resources 3.37S 757 TOTAL RESOURCES 256,00s 105,725 136,864 570,804 86,613 72,931 93,309 52,689 243,717 3,18 6,68 7 6 9 ,6 4 i 1 ,7 1 1 15,933 1 1 ,9 1 4 24,974 29,502 29,226 271 1 ,7 1 3 57,673 34,886 32,932 1,2 4 1 2 7,643 133 17,663 ^ ,713 34,779 13,489 13,350 15,286 65,792 33,428 7,516 12,763 1,828 24,489 2 6,3 17 4,344 1,74 0 16 ,2 17 75 18,032 27,882 1,616 3^,267 805 36,688 2 ,Sl6 10,338 35,024 2 7,3 5 1 72 ,713 37,682 130,447 274,636 188,365 593,448 2 0 7,514 3,500 4 0 ,155 — 3,460 - 7,667 22,382 - 1,900 1,265 - 2,832 12,463 - 39,527 2 ,5 7 1 3,000 2,434 21 36,116 936 4 ,3 2 1 13,004 - 12 8 ,9 71 6 ,1 19 3 ,5 7 1 6,391 62,213 953 63,239 5,026 56,500 244,17S 21 1 ,101,661 43,636 239 223 188 468 695 52,952 46,781 21,426 78,327 34,964 825 1,4 46 668 154 653 198 15,272 1,33 4 146 916 26,435 4 1,79 3 1,79 6 969 4,999 2,031 - ^0,095 103,357 7,678 1,680 42,669 125,690 1,429 2,093 279 35,512 5,312 4,698 576,078 18,193 3 7 5 ,5 1 1 1,5 3 1,19 9 36 5,124 445,741 195,505 200,687 761,74 6 185,634 126,181 205,252 125,828 411,939 ^,930,953 / Released for publication Friday morning, Sept. 8 , 1922; not earlier. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTEMBER 6,' 1922. s t . 3003c. (in thousands o f d o lla r s ) L I A B I L I T I E S Boston New York P h ila . C leve. R ich. A tla n ta Chicago St * Loui s> Minn. Kans.Cy. D a lla s San Fran. T o ta l .fe d e ra l Reserve Bank 9 ,19 4 11,69 0 27,676 5,620 4,317 14 ,73 4 4,786 8,106 C a p ita l p a id in 4,199 3,578 7,612 106,085 4,573 16,483 11,030 9 ,1 1 4 29,025 9,388 60,197 17 ,945 22,509 7,468 Surplus 9,646 7,394 15 ,19 9 215,398 'D e p o s its: 845 3,247 14,428 3,126 Government 5,416 875 1,529 2,244 1.5 S 1 1,34 3 1 ,7 2 5 37,730 1 ,3 7 1 698,254 149,325 55,522 49,437 256,267 61,676 45,652 80,637 47,940 123 ,4 77 1 ,796,081 120,668 106,826 Wamber Bank - reserve account 10,022 248 227 371 1,097 1,3 0 1 Other d e p o sits 1,6 7 3 298 750 478 22,986 197 6,324 722,704 109,344 153,669 57,673 5 2 ,8 11 262,984 64,007 47,293 82,84 o 50,381 1 3 1 ,1 7 2 1 ,856,797 12 1,9 14 T o ta l d e p o sits 615,358 182,528 205,256 S 2 , o 6o 114 ,3 0 1 382,861 70,653 51,328 62,024 35,076 223,745 2 ,211,88 9 R. n o tes in a c tu a l c ir c u la tio n 186,699 F. R. Bank n o tes in c ir c u la tio n 10,842 2 ,662 4,301 3,414 3 ,758 2 ,5 77 7,916 3,390 n&t l i a b i l i t y 2,423 7,607 2 ,3 5 1 1,5 5 2 52.793 89,808 40,806 47,333 35,309 14,70 7 60,951 32,552 13.354 37,464 24,665 30,5^2 D eferred a v a i l a b i l i t y item s 38,273 465,764 1,459 4 ,6 l4 1,8 70 l,l4 6 1,5 4 9 a l l oth er l i a b i l i t i e s 1 ,1 3 6 S58 1 ,4 15 1.09S 3,275 1,690 2 ,1 1 7 22,227 3 7 5 ,5 11 1 ,5 3 1 ,1 9 9 365,124 445,741 195,505 200,687 76 1,74 6 185,634 126,787 205,252 125,828 411,939 4 ,930,953 TOTAL LIABILITIES B a tio o f to ta l~ r^ serves to d e p o s it and. F . E. note l i a b i l i t i e s combined, per cent S3.S 74.3 71-3 75.7 Sl.9 88.4 64.3 74.0 • 64.4 61.7 68.7 73.3 74.3 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 10.9S? 2,382 2,441 1 ,45s 1 , 09s 3,543 1,399 So4 1,429 774 1,369 29,859 2,173 FEDERAL EESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION 894,899 202,355 217,497 87,849 118,525 4 18 ,068 86,132 54,166 71,108 279, 5^1 19,827 12 ,2 4 1 5,789 4,224 35,207 15,479 2,838 9.0S4 F. R. n o tes ou tstan din g F , R, n o te s h eld by banks 200.10S F. R. n otes in a ctu a l c ir c u la tio n 186,699 B i l l s di scounted B i l l s bougSt in open market TJ* S. C e r t ific a te s of indebtedness M unicipal warrants DISTRIBUTION OF BILLS, U. S. CERTIFICATES OF INDEBTEDNESS AND MUNICIPAL WARRANTS BY MATURITIES W ithin 15 days 16 to 30 days 31 to 60 days 6 l to 90 days Over 90 days T o ta l 206,038 7S.259 55,179 42,579 23,028 405,083 5 5 .11S 34,463 61,105 3^,756 2,923 188,365 7,624 39,925 38,380 1,498 213,248 300,678 9 12 21 13 ,409 615, 35s 182, 52s 205,256 82,060 114,301 382,861 70,653 51,328 38,090 250,496 2 639 293 3,0 14 2 6 J 51 427,'4o4 62,024 35 ,076223 ,7 4 5 2 ,211,889 Released for publication Friday morning, September 8, 1922; not earlier. St., 3003d FEDERAL RESERVE AGENTS * ACCOUNTS AT CLOSE OF BUSINESS SEPT. 6, 1922# (In thousands of dollars) Federal Reserve Agent at Boston New York Phi la. Clave. Rich. Atlanta Chicago St. -Louis Minru Kans.Cy. Dallas San Fran. Total R E S O U R C E S Federal Reserve notes on hand Federal Reserve/SStffanding Collateral security for Federal Reserve notes outstanding: Gold and gold certificates Gold redemption fund Gold fund - F« Board Eligible paper Amount required Excess aount held TOTAL 8 2 ,1 5 0 294,050 894,899 30,520 4 8 ,2 2 0 3 2 ,8 2 0 2 0 2 ,3 5 5 2 1 7 ,4 9 7 1 4 ,5 1 9 1 3 ,2 7 5 1 1 ,2 0 4 2,515 4 ,9 6 0 .1 5 ,8 0 8 1 3 4 ,8 8 9 1 4 5 ,0 0 0 5 3 ,7 9 5 8 8 ,5 0 0 3 6 7 .6 4 5 6 2 .5 0 7 4 1 ,8 0 4 5 2 ,9 4 7 4 8 ,0 1 8 31.239 22, 665* • 3 3 ,6 2 1 9 ,1 7 6 2 ,4 4 4 * < 9 6 ,5 7 5 2 # 1 2 5 ,6 5 2 “* 5 6 . 5 5 1 ** 2 8 2 ,2 5 8 1 ,1 8 8 ,9 4 9 2 5 0 ,5 7 5 2 5 0 ,3 1 7 l 4 | ,4 0 S I 6 9 ,i 7 9 2 0 0 ,1 0 8 5 ,3 0 0 3 6 3 ,1 8 4 l 4 ,4 7 X 3 8 ,2 0 8 153,000 431,000 2 7 ,3 3 7 8 7 ,8 4 9 7 0 ,7 5 4 7 3 ,5 8 0 1 1 8 ,5 2 5 4 1 8 ,0 6 8 2 7 ,3 3 0 1 4 ,6 4 3 86,132 36,090 250,%6 11,610 2 ,4 0 0 3 ,5 3 7 3 8 ,8 0 0 M 1 5 3 2 .1 8 5 1 0 ,1 1 4 3 1 ,0 7 1 1 .3 0 3 76,990 208.662 317,918 9 * 1 0 .7 8 7 2 0 0 ,8 9 7 4 9 1 .6 4 s 1 1 3 ,4 6 2 3 8 3 ,^ 5 3 5 3 ,9 ^ 7 1 ,8 3 3 .3 ,1 1 1 7,701 2, £ S 9 9 ,0 0 0 5 0 ,9 1 0 71+9,687 2, 639,293 416,522 124,654 1 7 4 ,303 1 , 665,292 - 11*899 19,100 _ > ,2 9 |L . k32j& 2$ 17 1 2 3 .7 9 3 1 5 7 .5 1 1 l.V ft ______ 1 H 5 . 3 S 5 108,327 553,995 6, 173 , 65s 301, 4 0 6 3, 388,980 L I A B I L I T I E S Net amount of Federal Reserve notes received from Comp troller of the Currency Collateral received from Federal Reserve Bank . Sol'd' •' ' -'"" i -\■ * Eligible papgr t „ , - TOTAL 1 7 2 ,7 7 1 8 3 2 ,3 9 2 ’ -.5^568 4 9 6 ,5 7 5 57.194 1 1 8 ,3 6 9 56,610 53.683 2 , 1 ^ 5,652 456,551 476,990 208,662 1 8 9 .2 7 9 95,860 32.779 3 1 7 ,9 1 8 65.686 9 4 0 ,7 8 7 33.488 2 0 0 ,8 9 7 64,976 85,008 32,885 25,932 1 2 3 ,7 9 3 5 2 ,7 3 3 54,471 18,990 186,202 2,206,468 18.032 3.6jo4 36.% + 72,387 578,210 157,5 H 1 0 8 ,3 2 7 5 5 9 ,9 9 5 6, 173,658
@FedFRASER