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STATEMENT FOR THE PRESS St. 4224 FeCI ere.l Peser.ve :Boa:rCI, Sei-tember 11, 192l!. Released for publication Friday mDrning, Sept. 12; not earlier. CONDITION OF .FEDERAL RESERVE B.A}1KS The consolidated statement of condition of the Fet~er.al l'esa-rve banks on September 10, mael:e public by the Federal Rese:r.ve Board, shows a d.ecl'ease of $4o, 100, OCO in holdings of bills Cliscounted fo:r. member banks as against inc:r.eases of $22,900,000 in bills bought in open rrJQ.:rket a;:d of $26,ooo,ooo in u. s. secu:r..ities,:A.a a result of these changes total ear.:1ir:lf; a33ets show an increase fol' the week of $8,200,000. Federal :rese:r.ve note c hculat ion decreased by $10,100,000, while total deposits inc:r.eased qy $31,200,000 and. cash rese:r?es by $12,100,000. Eight of the Federal :r.eserve banks report decreased holdings of d.iscounted bills, the decrease for the New York bank being $38,300,000 and. for the seven other resel'Ve banks $9,6oo,ooo. An increase· of $5,800,000 is r.epol'ted by the Cleve18nd bank and small increases by Ricbmom, C~1icago and St. Louis. HolClings of paper secured by u. s. obligations declined qy $33,100,000 to t84,900,0CO. Of the latter amount $72,900,000 was secu-red by Liberty and other U. S. bonos, $11,2CO,OOO by Treasul'y notes, md $800,000 by certificates of indebtedness. All of the reserve banks except Boston, Phil~elphia and Richmcnd report incl'eased holdings of bills purchased in open market. The largest increases are: New York, $7,600,000; Chicago, $3,700,000; Cleveland, $3,600,000 and San Francisco, $3,400,000. U. S. bonds held increased by ;J;1,200,000, Treasury notes by 4:20,800,000 a:nd certificates of inde-btedness by $4,000,000, All of the !'eser.ve ban1:s except Richmond participated in the total increase of $26,000,0CO in holclings of U. S. securities. An aggregate decrease of $18 1 700,000 in Federal :reserve note circulation :reported by Philadelphia, New York, Chicago, Bost en and St. Louis is partly offset by an aggregate incl'ease of $8, bOO, 000 in Federal reserve note ci:rculat ion reported by the other seven banks. Philadelphia and New Yo:rk :report the lal'gest reductia1s of $7,000,000 an'l $5,300,000, respectively, while the largest increases of $3,700,000 and $2,700,000, respectively, are reported by the Cleve,_arii. and Dallas banks, Gold :reserves increased by $3,900,000 dul'ing the week, Rese:rves other than gold by $8,200,000 and Nan-r.eser.ve cash by $S,l00,0CD. ' A summary of changes in the pr.incipal assets arcd liabilities of the reserve banks du:ring the week and the year. ending September. 10, 1924, follows: Increase Total :reser.ves Gold. :rese !'Ves Total earning assets . • • Bill s d i sc ou.nt ed, tot a1 • • • . . Secu:red by U, S. Govel'nment obligations Other bills eli scou.n ted • • · . . . . . .. U. S. Government secur.ities, total Bonds • • • . . . . • • • • ... . . . Treasury notes • • . • • , • . . . . • . . Certificates of indebtedness •..• .. Reser.ve notes in circulation • . . . Total deposits . . • . . , . .. Members' :r.eser.ve deposits . .. Government deposits , • • . . ~ederal Other. deposits • . • . . . c. decr.ease during ___ Week .... Bills bought in open market or ' ::::;;.:.. Year + $12,100,000 + 3.900,000 - $15,800,000 - 25,700, oco + 8,200,000 - 40,700,000 33,100,000 7 ,600,0.)0 ... 196,900,000 - 580,100,000 - 304,100,0JO 0''0 C'' - 27b-,v,,.A., + 22,900,000 + 26,ooo, ooo + 1,200,000 + 20,EOO, 000 + 4, 000,000 .,. 86,800,000 + + + + 468 '300, o.::.c 13,200,000 33E '500, 000 116, 6oo, c:::,_ 10,100,000 - 511,900,CCv + 31,200,000 + 37,000,CCO 5,400, 000 40J, oc::: + 263, 9co, c. . ;J + 266,wo,o0c + 9,900,000 7t 700, .,:,:co , ', ,_,( St. 4224a. Released for public3.tion F:r.iday morning, September. 12, 1924. BESOTJBCES .AND LIAB TLITIES OF THE TY'ELVE FEDJ!:RAJ, R:JESE?VE BANTCS COI.13HW..D (In thousands of dolla-rs) Sept •.___12.__,19_24 .h_1924 S~pt. §e;pt.l2~ RESOURCES 2, 019,166 29,937 2,070,557 __21,053 2 ,01¥)' 123 655,187 375,705 2,127, olo 633,454 349,591 3, no,obl s6,9~ 3,081,015 73, 748 _77,~ 3.171,839 46, C98 3,159, 763 37,993 3,137,665 77,139 84:;931 11o.299 261;230 1lb,073 183,876 301,949 389,071 452,288 841,359 92,491 69,583 179,313 34,044 412,378 121,766 Total U. S. G.overnment secu:r.ities 568,188 32,833 391,532 117' 73~ 542,145 1, 750 GX) ,875 Treasury notes • • . . . . • • • • . , Certificates of indebt.ddness •• , . 99,857 20 915,427 1,120,549 33,383 4,ea4,944 590,970 59,323 _ _]_2,322 670,862 54,361 _13,532 4, 795,798 5,124,136 1, 750,670 1, 760,757 2, 2~2,5~5 503 2,13£ '393 291 741 31, 7_34 21200,368 518,542 111,989 220,915 _12,460 2,101,923 35,150 32,150 1,372, 773 2, 16cj 122 J.AJ 1,936,456 520,96 5 76,015 112, 00;3 109,682 220,915 218,369 20,580 __ll,tit1 4,514,944 4, 795, 79f5 Golc1 sett lernent funCi wi t~1 F. R. Bo,tro Gold an:l gold cert ificat~s held by banks 2,035,611 36,891 2,072,502 619,422 392,995 Total golCI -rese-rves • . . . . . • •• 3,084,919 Gold with Fecle:ral :r.es8-rve agents • • . . Gold :r.edempticn fund with U. S. Treasury Gq_!Q_hel<'l exclusively against F. R. notes Reserves other t:1an gold • . • . . . • • Total :r.eser'Ves . • . . • . . . • • • Non-r.eser.ve cash • • • • • • • • • . •• Bills <'I i sc oun ted : Sec. by U. S. Government obligations • Other bills discounted • • • • To~ bills Cl iscounted . . . . . Bills bought in open market • U.S, Governrrent secu:r.ities: BonOs • . . • . . . • . . . • .. All othe-r earning assets • , • • . • . • Total ea:rning asset§ • . . . . 5% Redemption fur.d - F. R. Bank notes • Uncollectecl items . . . , Bank premises • • . . • . . • . All other. :r.e s ouree s • • • . . TO'l'.AT, RESOURCES • 1,750 .923, b~ ------ -- 73.843 5,139 28 580, ?89 59,} 76 L I AB I L I T I E S F. R. notes in actual circulation F. R. Bank notes in ci:r.cu1ation - net • t, Deposits: Member. .bank - r.ese:rve account • • . • Gover.nrnen t • • • • • • . Other. cleposi ts . . . . . . Total c1 812.£~i t s . . • . Defer-red availability i terns , • Capital paid. in • • • Surplus • • . • . . • All other. liaoilities .... TOJ'AL LIABILITIES •• ·Ratio of total :rese:r.ves to deposit and F. R. note liabilities combined •• 60. 3';: 80.47; Contingent liability on bills purchase~ for foreign cor:respon:lents • • • • • 23,718 25,927 c. ;q~ I J;q-· ~ ( 24,036 5 I 124 t l)Qw .. c 75 ;:--. ··224b Released fOl' pub:;.icatian ?Tifla;y morning, s~pternoerl2, 1924; net earlier. RES:URCES Al:ID LIABILITIES OF THE FEDERAT" RESERVE BANKS AT CLOSE OF 3·.-::::=:-:=ss, SEP111EMBEP 10, 1924• RESOURCES (In thousands of C1 olla.rs) FeCle:r.a.l Reserve Bank of Boston New Yo:r.k Phila. Cleve. Golc v:ith Feoe:r.a.l Reserve Agents 209,286 569~895 183,625 216,685 Golc1 :r.eClemption funcl with D.S.Tr-eas. 6,07.l....7.:....-__4~,~o_84 4,355 3,197 .~~ld hald exclusively against 215,363 Gold settlemmt fund with F.R.Boarcl 47,433 Gold ano gold ce:rt if. helcl by hmks ~1, 724 284,520 Tot,q.l_gold ...1:.eser_y~ ~-::..__g~uot~ Reserves other than gold 'rotal :reserves Non-1~ese:rve cash Bills d isconnted: Sec. by u. s. Govt. obligations Other bills discounted -~,163 292,633 3,747 .... 923,455 25b,C97 325,079 106,348 162,433 458,553 1G0,555 2,860 3,212 1,320 1,950 5,911 3,903 15,789 20, 720 15,303 11,935 17,944 6,840 4,571 9,199 26,513 1,986 8,938 23,964 21,~94 10,115 Tota.1 bi 11 s d. is~ ounted 6,940 Bills bought in open naarket U. S. Government securities: 1,039 Boril s Treasury notes 23,739 Certificates of indebtedpess 9,455 Total U. S. Govt. secut•it ies 39,233 36,523 51,194 13,775 22,515 6,662 1,563 35,712 25,950 1,6o1 4,115 41,824 13,229 59,163 1,191 2,939 995 5,125 835 1,356 399 2, 590 4,902 140,585 40,395 135,882 TOTAL RESOURCES c. http://fraser.stlouisfed.org/ I' Federal Reserve Bank of St. Louis 749 25, 771 5,103 31,628 75,425 102,411 2, 332 765 3, 677 16,533 323 12,424 30,632 20,260 9,327 2,568 12,747 903 7,979 54,836 16! 33,2 79' 198 57,294 311,506 3,171,339 1, 721 46,098 2,538 2, 648 13,5 77 1,866 14,190 34,931 176,299 10,660 21,225 2,133 2,965 16,056 b,b25 261,230 92,491 746 9,914 600 E ,073 1,611 12,383 15,579 24,828 2,865 4,603 . 6 2974 lb, 348 23,261 33,413 1,116 )4,044 1,834 20,030 43,003 ~ 412,378 5,~24 15 2 430 . '121, 766 568,188 27,738 59' 554 1, 750 All other earning assets Tot a1 e am ing assets Uncollected items Bank p:T'emises All other :res ou:r.ces Y>ans.Cy. Dallas San Fran. Total 61,079 33,374 23},817 2,035,611 2,191 1,63~ 1,013 36,891 573,979 187,950 219,582 55,425 130,053 242,125 59, Oo3 55,484 63,270 35,013 234,830 2,072,502 3,012 39,4&) 619,422 158,109 37,801 82,493 34,518 15,537 135,656 18,150 10,171 32,073 12,4c:) 4,460 8,245 6,832 70,914 9,615 34,039 7, 396 392,995 171,738 27' 711 17,892 903,826 253,492 320,267 102,372 153,016 1;.43,695 86,833 73,900 99,803 49,857 308,333 3,084,919 7, 076 2,605 __ 1~,3:'.2 2,608 ..,, 3,168 36,920 9,358 13,122 1,525 7,437 19,623 9' l.f!.7 4,949 5,226 ; " Rich.. Atlanta Chicago St.Louis Minn. 53,470 127,797 236,387. 55,8CJ 54,367 1,955 2,~6 5,738 3,239 1,117 56,348 49,681 4,312 212 273,599 128,}30 16,427 14,743 53,716 88,345 40,837 51,011 50,762 50,525 1,110 9,130 2,523 198 330 356 1,750 30, 141 119,157 39,176 41,916 46,211 26,502 71,725 31,780 13,181 40,862 2,292 2,950 2,875 8,264 4,595 641 144 5,273 1,238 1,9C9 51,973 82,235 29,733 36,447 1,912 2,981 3, 599 4,6go 923,659 530,589 59,376 33,333 4o6,983 1,372,393 363,634 476,532 202,386 227,763 664,251 177,159 1)9,510 197,699 146,237 440,397 4,814,944 :rteleasdd for :pu~li,_;a;':bn .Friel~- morning, September 12, 1924; not earlier. HESCURCES AND LIABIMTIES OF THE E'EDERAL PESEWE BftlKS AT CLOSE OF BUSINESS, SJ:<:P'!:t1JBER 10, 192.4 LIABILITIES (In thousancl s of c'l olla:rs) Federal Reserve Barik of F. R. notes in actual circulation Deposits: He:nber ba.Ylk - reserve acc011nt Gov ernui8 nt Othe:r deposits Total de-oosits -"'-=--~"---- Defe:r-red availability items Capital paicl in Su:rplus All other liabilities TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities - conib ineci, pe:r.· cent Boston 200,633 New York 78.6 Contingent liability on oills purchased for foreign c orre spcnf. ent s Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans. Cy. Dallas San Fran. Total 3o6, 741 157.929 212,574 71,324 134, ll4 222, 581 56,400 64,546 64, 744 49,323 2c9, 761 l, 750,670 133,504 842,563 867 4,373 21,074 163 134,534 86s,o1o 47,172 105,881 8,005 30,192 16,390 59,929 1,640 249 406,983 1,372,393 87.3 Phil a. 6,693 126,962 17&,227 3,857 2,226 ~13 959 131,13e 181,412 43,834 45,210 10,392 12, 705 19,927 23,691 420 940 363,634 476,532 63,407 1,512 189 65,103 4-7,476 5,877 11,672 929 202,386 57,472 2,456 110 6o, 038 18,676 4,579 8,950 1,406 227,763 324,G42 5,es3 1,193 331,918 b2, 748 15,189 30,426 1,389 664,251 88.6 2,329 2,809 1,369 1,057 3,578 70,474 2,471 "1,099 74,044 31,045 5,118 10,072 480 177,159 47,647 1,316 306 49,269 13,462 3,373 7,484 1,376 139,510 77-1 66.3 1,177 864 79,560 1, 794 1,325 82,679 35.767 4,365 9,496 648 197,699 51,058 1,536 237 52,891 30,474 4,148 7,577 1,£24 146,237 56.1 1,105 1o3,17J 2, 1,33,393 1,450 29' 741 4, 70? 31, 734 169,333 2, 200,368 36,797 518,542 8,046 111,989 15,301 220,915 12,460 1,159 440,397 4,814,944 82.2 1,825 912 80 .. 3 23,718 .F.EDERAl RESERVE NOI'ES OUTSTAJ\TDING AND IN ACWAL CIRCUI,ATION F. R. notes outstanding F. R. notes held by banks F. R. notes in actual circulation 222,223 21,590 200,633 617,237 200,073 231,178 80,709 150,281 241,555 65,488 67,601 71,602 56,156 245, 721 2,249,824 310,496 42,144 18,604 9,385 16,167 18,974 9,088 3,()5_5 6,858 6,833 35!96o 499,154 306,741 157,929 212,574 71,324 134,114 222,581 56,400 64,546 64,744 49,323 209,761 1, 750,670 DISTRIBUTION OF BILLS .AND U. S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES Within 15 clays 16 to 30 clays 31 to 60 clays 61 to 90 days From 91 days Over t o six months Bills discounted Bills bought in open market Certificates of in0ebteclpess c. 129,354 24, 07 5 3b,812 13, 595 52,324 17,916 30,811 29 , 566 3 11,528 7' 339 104,021 6 months ·401 17,742 Total 261,230 92,491 121,766 St. 4224d. R.elease(t for publication Friday rno:ming, September 12, 1924; not earlier. FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS, SEPTEMBER 10, 1924. (In F~eral Reserve Agent at Boston thous~s New York Phil a. Cleve. of dollars) Rich. Atlanta Chicago St.Louis Minn. Kans. Cy. Dallas San Fran. Total RESOURCES Fe~eral Reserve notes on hand. Federal Reserve notes outstanding Collateral security for Fe~eral Pese:rve notes outstanding: Gold and gold certificates Gol~ redemption fund Gold fun'! - F. R. Boa:r.c'l Eligible paper: Amount :required Excess amount held TOTAL 66, 750 222,223 235,120 50,400 44,620 617,237 200,073 231,178 35,300 15,986 158,000 E, 730 7,800 3,5CO 238,531 5, 742 1,675 3,297 30,364 9 '9 36 12,905 301,000 165,889 195,000 51,795 116,000 230,645 12,937 4,178 4 7, 342 31,342 16,448 1,053 14,493 12,732 36,400 73,735 230,040 80,109 150,231 241,555 27,239 8,173 22 J 4s4 5,021 20,797 67,601 30,0.33 71,602 18,107 56,156 65,500 . 397,602 245,721 2,249,824 9,935 13,052 2,844 1, 315 43,000 40,000 3,719 57,3ti0 14,556 3,318 15,500 331,504 111,360 15,259 218,553 1, 592,74 7 26,100 b5,4SS 5 '168 9,659 13,234 10,523 22,732 1,380 2,075 34,694 13,156 38 11,904 9,227 515,374 1,500,936 451,599 519,708 205,991379,318 747,844 170,232 156,037175,312131,799 566,169 2lij,213 1cJ,o69 5,520,319 L I AB I L I T I E S Net a~ount of Federal Reserve notes :receiverl from Canptro11er of ~he Cur.:rency 283,973 352,357 250,473 275,798 117,109 224,016 471,595 91,583 88,398 101,635 Collateral received from Federal reserve baPjr: Gold E1 igible paper 569,895 18},b25 216,685 (3,684 17,501 27,225 54,367 13,272 TCTAL c. http://fraser.stlouisfed.org/ .. FederalJ Reserve Bank of St. Louis ~.~· 2C9, 286 17,115 53,470 127,797 236,387 35,412 27,505 39,862 55,829 22,815 74,2b3 311,221 3,147,426 61,079 -~33,374 12,598 24,162 233,317 2,035,611 21,131 337,282 515,374 1,500,936 451,599 519,708 205,991379,318 747t844 170,232 156,037 175,312 131,799 566,169 5,520,3~
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