Full text of H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks : September 12, 1920

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STATEMENT FOR THE PRESS
Released f o r p u b l i c a t i o n
Sunday morning, S e p t . 12,
1920; n o t e a r l i e r „

St,l4l2
F e d e r a l Reserve Board
S e p t . 11, 1920.

CONDITION OF FEDERAL RESERVE MITES.
R e d u c t i o n of 66 *3 m i l l i o n s i n t o t a l t i l l h o l d i n g s , a s a g a i n s t an
i n c r e a s e of 5 2 . 8 m i l l i o n s i n T r e a s u r y c e r t i f i c a t e h o l d i n g s i s i n d i c a t e d
"by t h e F e d e r a l R e s e r v e Board 1 s w e e k l y bank s t a t e m e n t i s s u e d a s a t c l o s e
of b u s i n e s s on September 10, 1920. As a g a i n s t a d e c l i n e of 55 *7 m i l l i o n s
i n d e p o s i t l i a b i l i t i e s , t h e Reserve Banks r e p o r t a f u r t h e r e x p a n s i o n of
51 *3 m i l l i o n s i n F e d e r a l Reserve n o t e c i r c u l a t i o n , and a g a i n of 13 »3
m i l l i o n s i n c a s h r e s e r v e s , w i t h t h e consequence t h a t t h e r e s e r v e r a t i o
shows a r i s e f o r t h 6 week f rem 42 • 5 t o 42 *8 p e r c e n t •
Holdings of p a p e r s e c u r e d by U n i t e d S t a t e s war o b l i g a t i o n s show a
r e d u c t i o n of 33*8 m i l l i o n s , t h o s e of o t h e r d i s c o u n t e d p a p e r - a r e d u c t i o n of a b o u t 36 m i l l i o n s , w h i l e t h e t o t a l of a c c e p t a n c e s bought i n
open m a r k e t and h e l d by t h e R e s e r v e Banks i n c r e a s e d by 3 ' 5 m i l l i o n s •
During t h e week the New York Reserve Bank p u r c h a s e d from l o c a l member
banks and s o l d t o the Boston and Cleveland Reserve Banks a t o t a l of
45 m i l l i o n s of T r e a s u r y c e r t i f i c a t e s # This t r a n s a c t i o n b r o u g h t about
a s u b s t a n t i a l improvement i n the New York Bank 1 s r e s e r v e p o s i t i o n ,
t h r o u g h a c o r r e s p o n d i n g c r e d i t i n the Gold S e t t l e m e n t Fund, b e s i d e s
c a u s i n g a more e q u a b l e g e o g r a p h i c d i s t r i b u t i o n of T r e a s u r y t a x c e r t j . ^ m a t u r i t y ,
f i c a t e s , t h e r e b y f a c i l i t a t i n g t h e r e d e m p t i o n of t h e s e c e r t i f i c a t e s /
It
i s u n d e r s t o o d t h a t t h e b u l k of the c e r t i f i c a t e s a c q u i r e d d u r i n g the
week by t h e Boston and C l e v e l a n d Banks w i l l be h e l d u n t i l September I s ),
when t h e y are t o be redeemed by the Government. T o t a l e a r n i n g a s s e t s
of t h e Reserve Banks show a d e c r e a s e of 13*5 m i l l i o n s »
Of the t o t a l of 1,299 ,1 m i l l i o n s of p a p e r s e c u r e d by Government
war o b l i g a t i o n s 6 7 5 - 5 m i l l i o n s , or 52 p e r c e n t , were s e c u r e d by L i b e r t y
bonds, 3 1 6 . 3 m i l l i o n s , or 2 4 . 3 p e r c e n t , by V i c t o r y n o t e s , and 307 *3
m i l l i o n s , or 23 »7 p e r c e n t by T r e a s u r y c e r t i f i c a t e s , a s a g a i n s t 49*6,
23 ' 8 and 26.6 p e r c e n t of a c o r r e s p o n d i n g t o t a l of 1332,9 m i l l i o n s
shown t h e week b e f o r e » T o t a l s of d i s c o u n t e d p a p e r h e l d by the Boston,
P h i l a d e l p h i a and C l e v e l a n d Banks i n c l u d e 193 *2 m i l l i o n s of p a p e r d i s counted f o r the New York Bank and s i x o t h e r Reserve Banks in t h e South
and Middle West, w h i l e a c c e p t a n c e h o l d i n g s of t h e P h i l a d e l p h i a , Clevel a n d and San F r a n c i s c o Banks a r e i n c l u s i v e of 22*7 m i l l i o n s of b a n k e r s *
b i l l s p u r c h a s e d from t h e New York and Chicago Banks, compared w i t h
3 4 • 5 m i l l i o n s r e p o r t e d the week b e f o r e •
Government d e p o s i t s show a r e d u c t i o n f o r t h e week of 34+4 m i l l i o n s ,
members' r e s e r v e and o t h e r d e p o s i t s show a combined d e c l i n e of 1 «3
m i l l i o n s , w h i l e t h e " f l o a t ! f c a r r i e d by the Reserve Banks and t r e a t e d as
a d e d u c t i o n from g r o s s d e p o s i t s was 20 m i l l i o n s l a r g e r t h a n t h e week
b e f o r e , w i t h t h e consequence t h a t c a l c u l a t e d n e t d e p o s i t s a r e 55*7
m i l l i o n s l e s s t h a n on t h e p r e c e d i n g F r i d a y . A l l Reserve Banks r e p o r t
f u r t h e r additions to t h e i r note c i r c u l a t i o n , the t o t a l expansion f o r
t h e week i n c l u d i n g b e s i d e s 51*9 m i l l i o n s of 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 a l s o 3 «7 m i l l i o n s of F e d e r a l Reserve bank n o t e s »
A c q u i s i t i o n of
p a r t l y accounts f o r
The c a p i t a l a c c o u n t
of m o d e r a t e F e d e r a l




g o l d r e c e i v e d d u r i n g t h e week from f o r e i g n s o u r c e s
a n . i n c r e a s e of 13-9 m i l l i o n s i n gold r e s e r v e s shows a f u r t h e r i n c r e a s e of $58,000, i n consequence
Reserve s t o c k i s s u e s by 9 Reserve Banks •

R e l e a s e d f o r p u b l i c a t i o n Sunday m o r n i n g , September 1 2 , 1920; n o t e a r l i e r .
STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE1 BANKS.
R' E S O U R C E S
S e p t . 1 0 . 1920
S e p t . 3, 1920
Gold a n d g o l d c e r t i f i c a t e s
$150,990,000
$165,070,000
Gold s e t t l e m e n t f u n d - F , R . B o a r d
428,768,000
4l0,507,000
Gold w i t h f o r e i g n a g e n c i e s
.111,U55,000
111.4^5.000
T o t a l g o l d h e l d by "banks
691,213,000
687,032,000
Gold w i t h F e d e r a l R e s e r v e Agents
1,147,239,000
1,132,219,000
Gold r e d e m p t i o n f u n d
—137,774,000
143,059.000
Total gold r e s e r v e s
$1,976,226,000
$1,962,310,000
Legal tender n o t e s , s i l v e r , e t c .
155,021,000
155,647,000
Total r e s e r v e s
2,131,247,000
2,117,957,000
G
BUI. d i e t e d
™ n t
obligations
B i l l s b o u g h t i n open m a r k e t
—98,2,000
51^,501,000
T o t a l b i l l s on h a n d
U- S . Government b o n d s
26,807,000
U. S . Victory n o t e s
.~9,000
U . S . C e r t i f i c a t e s of i n d e b t e d n e s s
. |3?,|j2o».QQP
Total earning a s s e t s
3 , 3 5 1 , 33,000
Bank p r e m i s e s
2%7'nAn'nnn
U n c o l l e c t e d i t e m s and o t h e r d e d u c t i o n s from g r o s s d e p o s i t s
it
5$ Redemption f u n d a g a i n s t F . R . Bank n o t e s
c'lInAnn
All other resources
^b,5^9,000
b
TOTAL RESOURCES
»353,233,ooo
- L J A B I L I T I E S
Capital paid-in
JHSr'SS?
Surplus
164,745,000
Government d e p o s i t s
nnn
65,387,000
Due t o members « R e s e r v e a c c o u n t
1,528,924,000
*1,829,832,000
b
Deferred a v a i l a b i l i t y items
^'|§,000
*55^,^75,000
O t h e r d e p o s i t s , i n c l u d i n g f o r e i g n government c r e d i t s
>8,79),000
.
|
39.123.000
f
Total gross deposits
one i t H v v T
F . R. notes in actual c i r c u l a t i o n
3 , 2 9 5 , 7
F . R . Bank n o t e s i n c i r c u l a t i o n - n e t l i a b i l i t y
nnn
All other l i a b i l i t i e s
,
TOTAL LIABILITIES
R a t i o of t o t a l r e s e r v e s t o n e t d e p o s i t and F , R . n o t e
,
^
2,iS7
l i a b i l i t i e s combined
°
R a t i o of g o l d r e s e r v e s t o F . R , n o t e s i n c i r c u l a t i o n a f t e r
' s e t t i n g a s i d e 35$ a g a i n s t n e t d e p o s i t l i a b i l i t i e s
46-8^

* Revised f i g u r e s .


3,058,428,000
26,806,000
69,000
279.633.000
3,364,936,000
*14,921,000
*753,707,000
11,695,000
*3.875.000
*6,267,091,000
97,133,000
164,745,000

St.1412a.
S e p t . 1 2 , 1919
$231,609,000
537,723,000
r
7^9,332,000
1,190,769,000
—108,766,000

2,068,867,000
69,6)2,000
2,138,499,000
^62.005.000
2,116,843,000
27,096,000
192,000
341.655.000
2,485,786,000
13,143,000
1,031,298,000
11,343,000
11.007.000

5,691,076,000

*2,488,817,000
3,243,270,000
205,423,000
67,703,000
*6,267,091,000

85,140,000
81,087,000
33*584,000
1,802,791,000
679,043,000
134.096.000
2,649,514,000
2,621,228,000
228,169,000
25,9^8,000
5,691,076,000

42.5$

50.4%

46.6%

60.0%

R e l e a s e d f o r p u b l i c a t i o n Sunday m o r n i n g , September 1 2 , 1920; n o t e a r l i e r .

St.lUlZ

RESOURCES AIM LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTEMBER 1 0 , 1 9 2 0 .
( 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
B o s t o n Mew York P h i l a . C l e v e l . Richm. A t l a n t a Chicago S t . L o u i s M i n n . ICans.Cy. D a l l a s San F r a n . T o t a l
F e d e r a l R e s e r v e Bank of
4,97b 11,606 150,990
592
12,282 6 3 , 6 1 3 1,326 10,670 2 , 4 4 5 8,352 2 4 , 4 l 6 3,514 7 , 1 9 8
Gold a n d g o l d c e r t i f i c a t e s
428,768
6,531 49,704
9
,
2
6
6
8
,
5
0
4
2
1
,
9
2
8
28,718 75,565 46,953 52,410 22,318 3,066 103,805
Gold s e t t l e m e n t f u n d - F . R . B o a r d
5
,
1
2
7
111,455
2,898
5
.
2
3
8
3
.
0
0
9
5
,
3
5
0
1
3
,
2
6
3
4
,
0
1
3
.461
8.136
40.905
8,916
9,139
5
Gold with f o r e i g n a g e n c i e s
691,213
66,437
1
4
,
4
0
5
1
8
,
0
1
8
1
8
,
7
1
1
2
7
,
8
7
0
3
0
,
2
2
4
1
5
,
4
3
1
1
4
1
,
4
8
4
49,136 " 180,083 57,195 72,219
T o t a l g o l d h e l d by b a n k s
,
1
47,239
27,460
85,279
1
4
7
,
0
9
9
3
0
,
8
6
7
3
9
,
0
0
4
4
8
,
7
9
4
5
3
,
9
1
4
160,844
114,964 269,181 118,141 151,692
Gold w i t h F . R. A g e n t s
5.730
10,081
1
37,774
5
.
3
0
1
215
4
,
3
3
5
6
.
1
3
8
5
.
1
4
6
3
4
.
7
3
8
15.954
35.899 12,921
1,316
Gold r e d e m p t i o n f u n d
4-7,595
1
6
1
,
7
9
7
1
,
9
7
6,226
71,209
180,054 485,163 188,257 225,227 85,156 7 4 , 4 9 1 3 3 7 , 0 6 6 7 0 , 4 1 8 4 9 , 7 9 3
Total gold reserves
2
.
4
4
5
7
0
2
1
5
5,021
1
,
4
8
4
1
.
4
1
7
8
,
0
8
6
7
.
7
8
3
,80_
5.750
125.126
284
1.831
33
Legal tender n o t e s , s i l v e r , e t c .
50,040
162,499
2,131,247
7
2
,
6
9
3
185,804 610,289 188,541 227,058 8 5 , 1 8 9 7 5 , 9 0 8 345,152 78,201 49,873
Total reserves
B i l l s discounted: (a)
547,148 139,458 96,162 42,354 62,569 157,840 3 3 , 7 5 3 1 1 , 4 5 6 41,038 1 7 , 8 5 6 5 1 , 4 5 7 1 , 2 9 9 , 1 2 3
98,032
S e c u r e d by G o v t . w a r o b l i g a t i o n s
07,587 1,376,076
89,679 3 4 7 , 5 2 5 3 7 , 4 9 3 120,368 6 3 , 3 1 6 5 7 , 3 5 2 273,661 8 0 , 8 0 8 73,662 68,056 5 6 , 5 6 9 1 61,615
All other
316,982
25.502 102.655 18.644 43.712 7.512 1.637 48,638 1,630 1,038 3,701
B i l l s b o u g h t i n open m a r k e t ( b )
2,992,181
220,659
213,213 997,328 195,595 260,242 113,182 121,558 480,139 116,191 86,156 1 1 2 , 7 9 5 7 5 , 1 2 3
T o t a l b i l l s on h a n d
26,807
2,632
116 8,867 3 , 9 6 6
556
1,462
1,386
833
1,233
113
4,490
1,153
U , S . Government b o n d s
69
1
5
50 10 3
U. S. Victory notes
3
3
2
,
4
2
6
8.300
11.288
12.826
8,481
53,171
7q.5Q4 3 3 . 1 4 0 4 3 . 3 2 2 12.260 1 5 . 6 6 5 3 9 , 6 4 3 1 7 , 5 3 6 ,
U . S . 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
3
,
3
5
1
,
4
8
3
266,945 1,075,434 230,321 304,407 1 2 6 , 6 7 5 1 3 7 , 3 3 9 524,272 134,880 9 4 , 7 5 3 1 3 4 , 4 8 9 8 7 , 3 8 9 2 3 4 , 5 7 9
Total earning a s s e t s
15,086
1,082
232
836
586
1,789
3,946
638 1,168 1,191
615 2,137
866
Bank p r e m i s e s
U n c o l l e c t e d items and o t h e r de60,026 179,388 71,288 78,898 59,398 30,606 110,247 52,583 25,957 74,234 56,435 38,000 837,060
ductions from gross deposits
5$ Redemption f u n d a g a i n s t F . R ,
665 11,788
586
916
624
432
1,781
541
451
2,281 1,300 1 , 1 3 9
1,072
Bank n o t e s
458
6.569
366
250
360
529
238
_9SL
656
1,036
1.085
All other resources
516,721 1,872,374 492,647 613,326 273,837 245,247 984,118 267,514 171,700 283,418 195,898 436,433 6 , 3 5 3 , 2 3 3
TOTAL RESOURCES
(a) Includes b i l l s
discounted for
o t h e r F , R* B a n k s , v i z :
(b)Includes bankers' acceptances
bought from o t h e r F.R.Banks:
Without t h e i r endorsement




72,812

3,999 116,388
10,050

2,615

193,199
io,oi4

22,679

J

St. l4l2c.
R e l e a s e d f o r p u b l i c a t i o n Sunday m o r n i n g , September 1 2 , 1920; n o t e a r l i e r ,
BANKS
AT
CLOSE
OF
BUSINESS
SEPTEMBER
1
0
,
1920.
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE
( 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
P
h
i
l
a
.
C
l e v e l ^ Richm» A t l a n t a Chicago 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
New
York
B
o
s
t
o
n
F e d e r a l R e s e r v e Bank
3,917
13,704
4,299
3,329
4,426
3,951
6,830
8
,
4
0
2
1
0
,
2
4
9
5
,
1
4
7
97,191
7,584
25,353
Capital paid-in
8,067 7,050 23,917 5 , 8 8 4 5,17s 8 , 3 9 5 4,152 11,662 1 6 4 , 7 4 5
51,308 1 3 , 0 6 9 1 3 , 7 1 2
12,351
Surplus
911 3 0 , 9 7 5
4,435
789 1,665 2,012 2,512 2,567 1,194 2 , 5 3 5 1,465
9,494
1,396
^Government^deposits
54,829
116,976
1,828,924
719,672 110,791 l4g,248 60,318 46,198 257,473 65,039 48,996 80,497
'Dae t o members - r e s e r v e a c c o u n t
119.887
110,180 53,608 62,742 47,011 24,232 7 8 , 9 7 4 43,951 22,564 61,721 37,026 29,341 6 1 7 , 7 8 5
46,435
rDeferred a v a i l a b i l i t y items
Othsr d e p o s i t s , including f o r e i g n
1.889
19,312 2.615 1.896 1,110
836 3 , 4 5 6 1,325 1 , 0 3 9 1,156
703
3,456
38.793
government c r e d i t s
169,607 858,658 171,449 213,675 110,104 73,278 342,415 112,882 7 3 , 7 9 3 145,909 9 4 , 0 2 3 150,684 ,516,477
Total gross deposits
864,439 276,054 350,558 137,603 146,346 5 5 8 , 3 3 5 132,163 79,522 106,508 84,567 252,091
3,295,lgr
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
307,079
»1
F . R. Bank n o t e s i n c i r c u l a t i o n ft
209,O&f
16,656 39,001 20,475 21,059 11,028 1 2 , 5 1 4 3 5 , 8 4 3 9,962 7 , 9 8 2 1 5 , 7 7 9 7 , 4 1 5 11,
net l i a b i l i t y
2
,
4
o
i
2
,
3
2
4
1
.
7
9
0
1,896
2
.
1
4
2
9
.
9
0
4
3
,
8
8
7
1,888
70,562
3
,
4
4
4
4,073
3,198
All other l i a b i l i t i e s
33,615
516,721 1,872,374 492,647 613,326 273,837 245,247 984,118 267,514 171,700 283,418 195,898 436,433 6 , 3 5 3 , 2 3 3
TOTAL LIABILITIES
' R a t i o of t o t a l r e s e r v e s t o n e t d e p o s i t a n d F . R .
,
n o t e l i a b i l i t i e s combined, p e r c e n t
44.6
• C o n t i n g e n t l i a b i l i t y a s e n d o r s e r on Discounted paper rediscounted with
o t h e r F . R. Banks
Bankers' acceptances sold to other
F . R . B a n k s w i t h o u t endorsement
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
, F , R. n o t e s o u t s t a n d i n g
F» R. n o t e s h e l d by b a n k 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

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 . 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




39.5

50.1

46.8

45.2

40.2
43.7
MEMORANDA

20,000

34,600

6,076

39-2

40.8

26,172 18,777 22,842

31,7H

4i.o

44.6

1,280

1,312

784

576

1,904

42.8

193,199

39,097

-,615

20,064

1,168

40.6

22,679
752

432

768

4i6

736

?<>3I
FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION
964,867 284,148 3 6 2 , 6 7 5 143,809 1 5 1 , 6 3 3 613,779 1 5 0 , 1 8 3 8 0 , 4 2 3 1 1 0 , 8 7 1 87,660 28 )4^J 3 , 5 4 9 , 0 4 1 }
317,951
8.094 12,117
6,206
5,287 55.444 18.020
901
4.365
3,093
10.872 100.428
307,079 864,439 276,054 350,558 137,603 146,346 5 5 8 , 3 3 5 132,163 79,522 106,508 84,567 252,66i
3,295,^
O't
DISTRIBUTION OF BILLS AND U. S, CERTIFICATES OF INDEBTEDNESS BY MATURITIES.
W i t h i n 15 days
16 to 30 days
31 t o 60 days
6l to 90 days Over 90 days
Total
1,608,55S
268,947
512,529
253,001
32,164
2,675,199
112,627
67,941
107,939
28,475
3 # ,9% 2
84,560
17A95
25,029
1 6,700
188,942
332,426

R e l e a s e d f o r p u b l i c a t i o n Sunday m o r n i n g , September 12, 1920; n o t e a r l i e r ,
F

'

St.l4l2d.

FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS SEPTEMBER 10, 1 9 2 0 .
( I n t h o u s a n d s of d o l l a r s )

F e d e r a l R e s e r v e Agent a t
R E S O U R C E S
F e d e r a l R e s e r v e n o t e s on h a n d
NPederal R e s e r v e n o t e s o u t s t a n d i n g
^Collateral security for Federal
•Reserve n o t e s o u t s t a n d i n g :
Gold a n d g o l d c e r t i f i c a t e s
Gold r e d e m p t i o n f u n d
Gold s e t t l e m e n t f u n d - F . R . B o a r d
Eligible paper Amount r e q u i r e d
E x c e s s amount h e l d
TOTAL

Boston

New York

42,000
317,951

143,000

964,867

Phila.

Clevel.

Richm. 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 .

32,7^0 24,725 24,599 67,950
2 8 4 , l 4 s 3 6 2 , 6 7 5 143,809 151,633

8,025
5,4-30
80,423 1 1 0 , 8 7 1

12,560

3,810

13,052

40,231

16,200

2,644
36,360

12,331
6,395
8,734

49,556 71,86?
19 ^ 844 3 9 . 8 6 8

60,200

56,280 15,920
613,779 150,183

900
18,064
96,000

209,607
32,025
i 4 , 5 7 4 16,752 19,667
4 5 , 0 0 0 101,389 ICO,000

3,294
45,500

2,500
5,4l4
46,000

-

152,l44

202,987
10,226

6 9 5 , 6 8 6 166,007 2 1 0 , 9 8 3
271.844
9,269 38.153

95,015
l6r396

97,719
23,831

452,935 103,084
26.955 13.072

8,700

3,058

1,615

Total

5,380
4 3 8 609
87,660 281,042 3 , 5 4 9 * o 4 l

l4.923

-

17,092

68,187

274 225

117*269

755,74$

1 9 5 , 7 6 3 2,4-01 802
13.289 '497*670

8,034,361

6 8 8 , 1 2 8 2 , 3 4 4 , 578 6 1 0 , 3 0 5 7 8 8 , 2 2 8 3 2 2 , 6 1 3 3 9 5 , 0 4 ? 1 , 3 1 0 , 7 9 3 3 2 9 , 3 5 3 1 8 8 , 7 1 5

267,04o

2 0 2 , 8 0 3 580,753

361,880 374,000 i , i i 8 , 4 4 o

360,620 173,080

246,620

181,820

499,44o 7 , 5 2 5 , I 4 O

2 8 2 , 3 4 9 l , 155,793 3 2 4 , 3 5 2 2 7 4 , 6 4 p

193,472 154,417

448,381

194,517

130,319

81,600

213,018 3,537,490

316,888 3 8 7 , k ) 0

1 6 8 , 4 0 8 219,583

670,059 166,103

L I A B I L I T I E S
Federal Reserve notes r e c e i v e d
from Comptroller - g r o s s
L e s s amounts r e t u r n e d f o r
destruction
Net amount of F e d e r a l R e s e r v e
n o t e s r e c e i v e d f r o m Compt r o l l e r of t h e C u r r e n c y
C o l l a t e r a l r e c e i v e d from
F e d e r a l R e s e r v e Bank:
»
Gold
. e E l i g i b l e paper
TOTAL




642,300 2 , 2 6 3 , 6 6 o 64ir24o

359,951 1,107,867
114,964
213.213

688,128

662,0U0

269,121

118,141 151,692 4 8 , 7 9 4 53,914
967.510 175.276 2 4 9 . 1 3 6 1 1 1 . 4 1 1 1 2 1 . 5 5 0
2,3^4,578

610,305 7 8 8 , 2 2 8 328,613

395,047

84,632

88,448 116,301

160,844 47,099 30,867
4 7 9 . 8 9 0 116.156

1,310,793

39,oo4
6 9 . 4 q q 111. 735

3 2 9 , 3 5 8 188,715

100,220 286,422

3,987,650

2 7 , 4 6 o 85,2791,147,239
7 5 . 12"3 2 0 q . 0 5 2 2.8qq' 4 7 ?

267,o4o 202,803 580,753 8,034,361