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st* 30UU
Federal Reserve Board
Sept* 2 1 1922«
Released for publication
Fri'day morning, Sept. 22;
not earlier
,
CONDITION OF FEDERAL RESERVE BANKS.
L iq u id a tio n o f about $70,000,000 of Treasury c e r t if ic a t e s # m ainly of tax
c e r t i f i c a t e s matured on September 1 5 , as a g a in st in creases by $11,800,000 of
other Government s e c u r it ie s and by $52, 300,000 of discounted and purchased b i l l s
i s diown in the F ed eral Reserve B o ard 's w eekly bank statem ent issu ed as at
c lo se of b u sin ess on September 20, 1922.
D eposit l i a b i l i t i e s d eclin ed by
$18,300,000, w h ile F ed eral Reserve note c ir c u la tio n in creased by $5*100,000.
T o tal cash r e se r v e s show a red u ctio n of $7,600,000, o f which $5,4-00,000
represen ts a d ecrease in g o ld h o ld in g s .
The reserve r a tio fo r the second week
in su ccessio n remained uncharged a t 73*3 Per cen t.
Government o p era tio n s during the week included the redem ption of the b u lk
of $362,500,000 o f ta x c e r t i f i c a t e s m aturing cn September 15 , payment of semi
annual in te r e s t on the m aturing c e r t i f i c a t e s and on the Third L ib e r ty Loan bonds,
c o lle c tio n of the September 15 in sta llm e n t of income ta x e s and the issuance under
the same d ate o f $227,000,000 o f on e-year ta x c e r t i f i c a t e s .
The e f f e c t of these
operation s on the reso u rces of the system i s seen in a red u ctio n of the h oldings
o f Treasury c e r t i f i c a t e s reported c h i e f ly b y the B oston, New York, Cleveland and
Chicago reserve banks.
Because of the g r e a t ly reduced h o ld in gs by Federal re
serve banks of paper secured b y T reasury c e r t i f i c a t e s , the redemption on the
most recen t d ate of ta x c e r t i f i c a t e s , con trary to the experience during previous
ye a rs, a ffe c te d b u t l i t t l e the h old in gs of b i l l s secured b y Government o b lig a tio n s .
As a m atter of f a c t , such h o ld in gs show an in crease fo r the week from $124,000,000
to $133,000,000.
Of the la r g e r t o t a l $105,300, 000, or 79*1 per cen t, were
secured by L ib e r ty and other U* S* bonds, $4,500,000, or 3 .4 per cen t, b y
V ic to ry n o te s, $16,300,000, or 1 2 .3 per ce n t, by 7?easury n o te s, and $6,900,000,
or 5,2 per c e n t, by Treasury c e r t if i c a t e s , compared w ith $103, 200,000, % , 6C0 ,OOO
$12, 700,000 and $4,500,000 reported the week b e fo re .
S h iftin g of g o ld through the g o ld settlem en t fund proceeded on a r e la t i v e ly
moderate s c a le .
Boston rep o rts the la r g e s t in crease in g o ld re se rv e s, v i z . ,
19»9Q9»000, fo llo w ed by D a lla s and P h ila d e lp h ia w ith in creases of $8,600,000
and $7,600,000 r e s p e c tiv e ly .
Sm aller in creases t o ta lin g $6,500,000 are shown
fo r tike Cleveland and San Fran cisco banks.
Chicago re p o rts the la r g e s t
in g ° id re s e r v e s , v i z . , b y $20,600,000, New York re p o rts a decrease
of $12,800,000, w h ile the f i v e remaining banks show an aggregate decrease of
$24,700,000,
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
reserve banks on September 20, 1922, as compared w ith a week and a yea r ago,
fo llo w s:
j
I
?
T otal re se rv e s . . ........................
Gold r e s e r v e s .............................. ',
T otal earn in gs a s s e ts
............
D iscounted b i l l s , t o t a l . . . . . . . * . ,
Secured by U. S. Government o b lig a tio n s
Other b i l l s discoun ted . . . i . . . . .
Purchased b i l l s ..................... . [ ............
United S ta te s s e c u r it ie s , t o t a l i . . . . .
Bonds and n o te s. . . . . . . \
, ,
Pittm an c e r t i f i c a t e s « . . . i . . . . .
Other Treasury c e r t i f i c a t e s . 4 . . . . ,
T otal d e p o sits . . . . . .
.
.
Members’ reserve d e p o s its . . « J , . . . .
G overnsm t d e p o s i t s ............
Other d e p o s its .. .................. . . . . . .
Federal Reserve notes in circulation . . . .
F, R. Bank notes in circulation,
net l i a b i l i t y . . . . . . . .
..............
Increase
or Decrease
In m illio n s o f d o lla r s
sin ce
Sept. 13 . 1Q22
Sept. 2 1. 1Q21
+
7.6
326.8
+
5.4
350.7
5 -6
-
569.1
+ 36.7
+ *<-9.1
2 7 .6
+ 15.6
- 5 7.9
+ 14 .8
3.0
69.7
18 .3
36,2
+ 1 7 .7
+
.2
+ 5 .1
-
963.3
-
-
3«4
+
*
+
+
■f
+
**
362.1
601.2
186.8
207.4
175.5
132,9
164.8
162.2
186.8
17.2
7.4
255.9
56.8
Released for publication Friday morning, Sept, 22, 1922; not earlier.
RESOURCES AMD U TILITIES
St* 3044a
‘
,.
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED.
RESOURCES
( in thousands of d o lla r s )
Sept. 20. 1922
Gold and g o ld c e r t i f i c a t e s . . . . .
275,307
Gold settlem en t fund - F. R, Board .
T o ta l go ld h e ld by banks ............
811,423
Gold w ith Federal Reserve Agents . .
2,202,252
Gold redem ption fund
4 s .i 2 r ^
T o tal go ld r e s e r v e s . . . . . . . .
3 , 061, Z&rnl
L egal tender n o te s, s i lv e r , e t c . . .
T o ta l r e se r v e s . . . . ...............
3,189,870
B i l l s discoun ted!
Sec* by U. S« Government o b lig a tio r s 133,021
Other b i l l * discounted . . . . . .
290,826
B i l l s bought in open market . . . . .
220.267
T o tal b i l l s on hand
6UU, 174
U, S. bonds and n otes ....................
213,5^5
U» S# C e r t if ic a t e s of indebtedness:
One-year c e r t i f i c a t e s (Pittm an A ct)
52,000
Other c e r t i f i c a t e s , ..................
173,399
M unicipal w arrants
________ 16 ....
T o tal earning a s s e ts ..................
1,023 ,174
Bank prem ises
♦ 44,392
5f° Redemption fund a g a in st
F, R. Bank n otes . . . . . . . . . .
4,423
U n collected item s
669,563
A ll other resources ♦
1^,194
5,005,676
Sept, 13, 1922
221,402
526.340
Sept. 21.1921
422,036
411,210
207,742
239,246
2 , 219,162
....4SU.24
1,777,529
24x352
2 , 711,128
3,067,234
130,204
3 ,197 ,43s
123,960
263,213
_ 20iL.662_
591,236
_l5i*SL&.
2 , 863,096
495,156
292,081
2L514
1,420,751
192,235
38,021
55,000
124,875
S,57i
243,045
18
1,028,734
1 , 652,272
43, SOS
29,111
4,742
661,605
is, 520...
5,014,247
8,917
591,811
16.448
5 , 161,661
l i a b i l i t i e s
C a p ita l p aid in
S u r p lu s ................................ ‘ *
D eposits:
Governm ent........................ ..
Member bank - reserve account . , .
Other d e p o sits
T o tal d e p o sits , . . . . , :. , ,
F,R« notes in a ctu a l c ir c u la tio n . .
F,R, Bank notes in c ir c u la tio n net l i a b i l i t y . . . . . ...............
D eferred 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
Ratio of total reserves to deposit and
F, R, note li a b i l i t i e s combined . .
106,177
106,070
215,39S
215,39S
. 103,017-.
213,824
57,019
i , 774,997
___21.,.171....
74,183
39 ,2&r3°l
1 , 2 1 1 , S 3 T ^ 1 , 588,209
21,572
29.218
-M53,7S9
2,218,764
1,872,103
1,691,610
2,213,615
2,474,676
46,834
541,633
23.081
534,674
22,765
50,222
103,590
503,174
71.770
5,005, 67^
5,014,247
5 , 161,661
78*3$
78*3$
68,756
•
R eleased fo r p u b lic a tio n F r id a y m orning, Sept. 22, 1922; not e a r lie r .
St.30 44b.
RESOURCES MID LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, SEPT. 20, 1922.
(in thousands o f d o lla r s )
RESOURCES
F e d era l Reserve Bank of
Boston New York P h ila . C leve. R ich. A tla n ta Chicago S t.L o u is Minn. Kans.Cy. D allas
San Fran. T o ta l
Gold and gold c e r t i f i c a t e s
15,64 4
161,747
5,960 13, 66s
3,693
5 ,4 13 25,480
4 ,101 7,44o
2,760 9,274 20,127 275,307
Gold settlem en t fund - F. R. Eoard
50* 121.___ 66, 57.2 . >+9,860 56,681 32 , 533 2 5,822 124,467 14,321 25. 60S 27.139 25,375 37.677
536.176
T o ta l go ld h e ld by banks
65,765 228,319 55,820 70,349 36,226 31,235 1^9,9^7 18,422 33,048 29,899 , 34,649 5 7 ,s c 4
8 11,483
Gold w ith F. R. Agents
176,987
811,993 148,090 175 ,5 8 5 59,841 9*+,752 393,o4o 54,893 32,659 56,694^ 19,52*+ 178,200 2 ,202,25!/
Gold redem ption fund
— 6>.96S_ _ _ j.Q.sa_ _ 7,1^ 3
2.339
3,oC5
1 ,2 5 7
6,861 1 .7 1 4
1.689
1.6 90
1 .6 7 1 4 .101
4 8 .1S T
T o ta l gold reserves
249,720 i,o4g,4oi 211,053 248,273 99,672 127,244 549,84s 75,029 67,396 SS,2&y 55,844 240,105 3 ,061,868
L egal tender n o te s, s i l v e r , e tc .
8,043
4l,9,4l 12,837
8.623
7,311
5.735 20.128
8.101
862
'
'
' ’
'
‘
T o ta l rese rves
257,763 1,091,342 223,890 256,896 106,983 132,979 569,976 83,130 08,258 92,289/162,192 244,172 3 , 189,87q)
B i l l s d iscou n ted :
iMl
18,048 29 ,241 21,049 14,328
■ Secured by U. S. Govt.-, o b lig a tio n s
7 >49
8,054 2,262
3,707 15,576
1,252
2,269
9,786
133,021
26,622 10,530 11,745 26,606 33,299 40,738 16,860 23,954 17,801 30,724 31,888
Other b i l l s discoun ted
19,519
290,886
72,014 _2^.S8J_-11L215.......3.9.6 . _Lt964 16.021 i^-ilSL.
14.807
B i l l s bought in open market
4,039 34.700
...
75
220,267
116
,684
41,330
41,570 72,335 39,067 26,216 *20,145 36,015 76,374
65,654 67,009
T o ta l b i l l s on hand
41,775
644,174
l,24l
4 i ,586 23,589 27,626
11,452
8,000 18,761 12,936 27,737
U. S. bonds and n otes
159
2,816 37,682
213,585
U. S. C e r t i f i c a t e s o f in debted n ess:
12,500
3,500
3,500 . 3,460
6,667
O ne-year c e r t i f i c a t e s (Pittm an Act ) 3,250
3,999
3,000
3,S21
3,571
1,900
2,832
52,000
29,029
2,070 18,533
10,485
5,629
5,880
73,999
Other c e r t i f i c a t e s
2,561 12,986
765 11,462
173,399
—
_,
16
M u nicipal warrants
16
127,164
46,031
66
,962
244,769 98,372
47,798 105,535 67,279 44,729 64,689 41,496 128,350 1 ,083,174
T o ta l earn in g a s s e ts
603
9,643
1,732
952
6,3^9
2,571
7,703
5,251
Bank prem ises
959
5,059
2,093
44,392
1,477
5$ Redemption fund a g a in s t
Gjk
188
468
422
250
223
198
665
916
239
146
F. R. Bank n otes
94
4,483
62,134
149,671 52,690 63,250 57,917 28,028 85,195 39,666 15,940 43,473 30,059 4l,54o
U n c o lle c te d item s
669,563
149
1,064
46o
583
6l4
487
2,009
1,854
435
1,339
A l l oth er resources
^73
4,727
14,194
-
TOTAL RESOURCES
-
—
393,005 1,*+98,108 376,265 454,962 214,273 211,154 769,509 191,737 131,^23 207,o4o 137,840 420,360 5 ,005,676
Released for publication Friday morning, Sept. 22 , 1922; not earlier.
St.3o44c.
EESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTEMBER 20, 1922.
F ed eral R eserve Bank
C a p ita l p a id in
Surplus
D e p o sits:
Government
Member Bank - reserve account
Other d e p o s its
T o ta l d e p o sits
F. R. n o te s in a c tu a l c ir c u la tio n
F. R. Bank n otes in c ir c u la t io n net lia b ilit y
D eferred a v a i l a b i l i t y item s
A l l oth er l i a b i l i t i e s
TOTAL LIABILITIES
B a tio o f t o t a l r e se rv e s to d ep o sit
and F. R. note l i a b i l i t i e s
combined, per cen t
Boston
8,105
16,483
2,708
122,524
599
125,831
190,351
2,572
48,129
New York
27,767
60,197
( in thousands of d o lla r s )
L I A B I L I T I E S
Phi la . C leve. R ich. A tla n ta Chicago S t. Louis Minn
9,194 11,690
5,621
4,323 14,743
4,786
3,562
17,945 22,509 11,030
9.114 29,025
9 , 3SS 7,468
21,154
3,103
3 ,5 6 1
655,266 114,131 147,46o
10,831
486
1,215
4,196
55,604
227
687,251 117,725 152,236
605, 1 S6 180,159 209,383
60,027
9,214
103,462
5,031
2,968 . 3,435
46,664 53,747
1,610
1,962
318
1,612
54,924 271,506
84,996 116,590 382,330
2,627
3,449
3,830
7,255
2,167
1,783
50,776
60,502 262,639
47,867
6so
310
1,037
79,231
84l
3,076
3,144
50,359 128,638
259
4,395
57,019
1,774,997
21,773
63,349 49,960
74 ,260' 52,415
81,109
63,076
53,694 136,177
39,334 220,684
1,853,789
2,213,764
6,898
40,592
1,146
2 ,4o4
29,131
1,685
3,411
5,943
35,642
62 ,675
901
3,2S7
2,362
1,551
36,903
2,231
46,834
541,633
23,081
393,005 1,498,108 376,265 454,962 214,273 211,154 769,509 191,737 131,423 207,040 137 ,s4o 420,360
5 ,005,676
1,534
4S,821
1,151
21,584
1,170
14,283
1,373
•
81. 5
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
2,173
84.4
11,01S
75.2
2,382
71-0
2,44l
73.8
1,45S
77.5
87.2
60.4
66.7
804
3,543
1,429
1,399
FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION
206,674
16,323
850,457 203,038 224,983
22,879 15,600
91,510 122,178 421,394 9i,43S
245,271
39,064
17,178
54,510
2,095
F. R. n o te s i n a c tu a l c ir c u la tio n
190,351
605,186 180,159 209,383
84,996 116,590 382,330
74,260
52,415
64.0
1,098
F. R. n o tes o u tstan d in g
F. R. n o tes h e ld by banks
B i l l s discoun 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
K ans.Cy. D a lla s San Fran. T o ta l
4,573
4,198
7,615
106,177
9,646
7,394 15,199
215,398
6,514
5,588
73,431
10,355
66.9
774
68.4
78.3
1,369
29,888
43,105 253,394
3,771 32,710
2 , 636,112
417,348
63,076 39,334 220,684 2,218,764
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
230,4o£
47,6M2
81,042
45,372
19,443
423,907
53,H 2
42,809
64,992
49,439
9,915
220,267
19,662
11,712
8,890
63,787
121,348
225,399
1
3
12
16
Released for publication Friday morning, September 22, 1922; not earlier.
st
3^ ^
FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS SEPT. 20, 1922,
(In thousands of d o lla r s )
F ed eral Reserve Agent at*
Boston
New York Phi la .
C leve.
R ich.
RESOURCES
TOTAL
5,300
I18,687
S ,687
153,000
363,184
37,809 11,2 0 1
--- ---136,889
~~~
411,000
29,687
12,088
38,464
74,241
54,943
3,631
34,550
9 1,5 10
13
13 ,2
,2 7755
12 ,3 10
--- --150,000
*
55,795
49,398
16,830
31,669
8,283
4,046
4,046
2,1+00
3 N r2
16 W
26,930
91,438
11,280
54,510
11,500
7 3 ,431
18", 93S
43,105
11,610
2,983
40,300
13,052
1,607
18,000
4,334
52,360
7,686
2,232
9,000
36,545
2,519
21,851. 16,737
3,888
3,399
23,58 1
12,3 5 7
61,490
VO
350,410 44,220 32,020
850,457 203,038 224,983
ro
87,800
206,674
VJl
Federal Reserve n o tes on hand
Federal Reserve n o tes ou tstan d ir
S o lla te r a l s e c u r ity fo r Fed eral
Reserve n otes 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 lig ib le paper Amount req u ired
E xcess amount h e ld
836,132
2 ,636,112
416,507
132,617
17,055
161,145 1 ,653,134
75,194
1,156
433,854
196,31s
513,236 2 , 125,565 453,927 498,816 225,853 330,846 971,218 212,325 124,188 161,761 117,505
569,434 6 , 304,674
294,474 1,200,86? 247,258 257,003 126,060 19*,672 505,894 118,368
314,884 3 ,“ 72,241*'
L I A B I L I T I E S
Net amount o f Fed eral Reserve
n otes r e c e iv e d from Compt r a i l e r o f the Currency
65,790
8 4 ,931
62,0X3
C o lla te r a l r e c e iv e d from
Federal Reserve Bank
G?ld . n
E li g i b le paper
’K)TAI'
176,927
41,775
811,993 148,090 175,585
112,705
58,579
66,228
59,s4i
39,952
94,752 393,o4o 54,893
4i,422
72,284
39,064
32,659 56 694 19 524 17s 200 2 202 2R8
25)739 20)136 35)932 76)350 63^ ^
513,236 2 , 125,565 453,927 498,816 225,853 330,846 971,218 212,325 124,188 161,761 117,505
569,434 6 , 304,674
STATEMENT FOR THE PRESS
Released for publication
Friday morning, Sept. 29j
not earlier.
St. 3063
Federal Reserve Board,
Sept. 28, 1922.
'
CONDITION OF FEDERAL RESERVE BAMS.
Gains o f o v e r '$15,000,000 in g o ld , and o f $13,300,000 *n t o t a l cash
r e s e r v e s , accompanied by a red u ctio n o f $13, 700,000 in d e p o sit l i a b i l i t i e s
and an in crease o f $24,600,000 in Federal reserve note c ir c u la tio n , are
shown in the F ed eral Reserve B o a r d s weekly bank statem ent issu ed as a t
c lo s e o f b u sin ess on September 27, 1922.
D iscounted b i l l s on hand show
a decrease of $3 *700*000, acceptan ces purchased in open market went up
$17,800,000, and Government s e c u r ity holdin gs $12,500,000.
The reserve r a tio
shows a sm all r i s e from 73.3 to 78 .4 per c e n t.
Apart from the s u b s ta n tia l g ain by the system o f o u tsid e, p a r t ly imported
g o ld , the statem ent in d ic a te s co n sid erab le s h ift in g o f go ld through the s e t t le
ment fund.
in c r e a se s in go ld re se rves are reported by a l l Federal reserve
banks, except those o f Chicago, P h ila d e lp h ia , M inneapolis and San Francisco.
C levelan d re p o rts the la r g e s t in crea se of go ld re se rve s fo r the week, v i z . ,
by $11,800,000, fo llo w e d by New York, Richmond and S t. L ou is, w ith in creases
o f $7,200,000, $4,700,000 and $4,500,000, r e s p e c tiv e ly .
Sm aller in creases
a g g reg a tin g $4,400,000 are shown fo r the Boston, A tla n ta , Kansas C ity and
D a lla s banks,
Gold reserves o f a l l the reserve banks reached the h igh record
t o t a l of $3,076,900,000, an in crea se o f $201,900,000 sin ce January 1 of the
presen t yea r.
Holdings o f paper secured by Government o b lig a tio n s show an in crease
fo r the week from $133,000,000 to $139,100,000.
Of the t o t a l h eld , $109,900,000,
or 79 per c e n t, were secured by L ib e r ty and other U. S. bonds, $3,700,000, or
2 .7 Per c e n t, - by V ic to r y n o te s , $19,300,000, or I 3.9 per c e n t, - by Treasury
n otes and $6,200,000, or 4 .4 per c e n t, - by Treasury c e r t i f i c a t e s , compared
w ith $105, 300,000, $4,500,000, $16, 300,000 and $6, 900,000 rep o rted the week before
A summary o f 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 September 27, 1922, as compared w ith a week and a year ago,
fo llo w s :
In crease
or
Decrease
In m illio n s o f d o lla r s
sin ce
S e p t. 20, 1922
S ept. 28, 19 2 1.
324.4
+
+
13*3
+
351.O
■f
15.1
T o ta l earning a s s e ts
D iscounted b i l l s , t o t a l . . . . . . . . .
Secured by U. S. Government o b lig a tio n s
Other b i l l s d iscoun ted
«
Purchased b i l l s .
U nited S ta te s e c u r it ie s , t o t a l . . . . .
Bonds and n otes . . . . . . . . . . . .
Pittm an c e r t i f i c a t e s . . . . . . . . .
+
26.6
—
+
T
+
•f
-
. . . . . . .
.
.
.
Federal Reserve n o tes in c ir c u la tio n
F. R. Bank notes in c ir c u la tio n ,
n et l i a b i l i t y * . ^
.
.
.
.
, « . «
556.3
3.7
6,1
9^3
—
9&2.7
351.8
1-7-.S
12.5
15*6
1*5
a .6
+
+
+
630.9
•
199.2
227.2
192*7
124*9
+
159,4
+
+
-
122.7
162.4
37.3
2,4
+
13.7
23*0
37«1
.4
+
24.6
-
213. S
«
'
.6
-
55*3
—
Members* re serve d ep o sits .
Government d e p o s its ,
Other d ep o sits
.
.
.
.
.
-
4*
-
..
Released for publication Friday morning, Sept* 29, 1922; not earlier.
RESOURCES AND LIABILITIES
St* ,3063‘l
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED.
(in thousands o f 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
T o ta l go ld h e ld by banks .
Gold w ith Fed eral Reserve Agents
Gold redemption fund
T o ta l go ld r e se rv e s
L egal tender n o te s , s i lv e r , e tc ,
T o ta l re serves ................ .
,
.
,
-
.
.
.
.
.
.
.
♦
b
.
V
*
.
♦
*
,
f
«
...... ..
.
.
.
«
•
*
*
.
B i l l s d isco u n ted {
Sec# by U*S» Government o b lig a tio n s
Other b i l l s discou n ted
B i l l s bought in open market
.
.
,
,
<
.
.
Sept* 27, 1922
272,000
592.494
864.494
2, 160,522
51,9 2 7
•
*
T o ta l b i l l s on hand
U* S . bonds and n o tes
U« S» C e r t ific a te s o f indebtedness
One«year c e r t i f i c a t e s (Pittm an A ct)
Other c e r t i f i c a t e s
M unicipal warrants
•
t
♦
*
«
*
J—
3,076,9^3.
126,184
Sept. 20, 1922
275,307
536,176
811,483
2, 202, 25s
48,136
3 ,0 6 1,8 7 7
Sept. 28.1921
442,707
4 15 ,76 5
£58,472
1,75 9 ,0 6 5
108.429
2*725,966
3 , 203,127
127,993
3 ,18 9 ,8 70
139,102
281,078
238,116
133,021
290,886
220,267
^90,927
911,9 76
3S,8S9
658,296
229,158
644,174
213,585
1 ,^ 1 ,7 9 2
36.,4S5
50,500
171,78 8
175*375
15
52,000
173,399
*6
1 ,1 0 9 ,7 5 7
44.473
1 , 083, 17*+
^ ,3 9 2
1 , 666,051
2 9 ,172
1 5 8 .7 1 .a _
2,878,685
.
4
•
T o ta l earning a s s e ts
Bank prem ises
D/o Redemption fund a g a in s t
F« R« Bank n o te s.
U n co llected item s
A ll other reso u rces,
.
,
.
.
.
.
TOTAL RESOURCES,
.
.
«■
•
.
.
.
.
L I A B I L I T I E S
C a p ita l p aid in .........................
Surplus
.
Deposits.;
Government
Member bank - re se rv e account .
,•
T o ta l d e p o sits . , , . . ,
FvR» n otes in a c tu a l c ir c u la tio n
j.K . B a n k n o tes in c ir c u la tio n n et l i a b i l i t y * ............. ..
D eferred 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 . . . . .
.
.
,
,
,
$
*
•
i
»
*
■»
«
TOTAL LIABILITIES . . . , .
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.
•
*
-
3,917
5 9 3 ,9 H
15 .0 76
4,483
669,563
14 ,19 4
9,086
508,185
15. 9U7
4 ,9 70 ,26 1
5, 005,676
5t 107,126
-106,172
215,398
10 6 ,17 7
215,398
103,049
213, S2U
19,945
1 .7 9 7 ,9 7 5
22,213
57,253
1. 635,572
24,580
1,8 4 0 ,13 3
2,243,384
5 7,0 19
1,7 7 ^ ,9 9 7
2 1JZ 1
1,8 5 3 ,78 9
2 ,2 18 ,76 4
1,7 17 ,4 0 5
2 ,4 5 7,19 6
46,065
4 95,4 71
23,638
46,834
5^1,633
23,081
10 1,3 72
441,300
72,980
4 ,9 70 ,26 1
5, 005,676
5 *107,126
78.4$
78.3$
69, 0$
.
s t . 3063b .
Released for publication Friday morning, Sept. 29, 1922; not earlier.
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, SEPT. 27, 1922.
(In thousands of d o lla r s )
RESOURCES
Boston New York P h ila * C lev e. R ich . A tla n ta Chicago
6,049 13,719
157,404
15,274
5,433 25,698
3,805
43,522
66, 61s 37,996 27,516 117,372
_53,145. 119,657.
277,061 49,571 80,337 41,801 32,949 143,070
69,019
771,841 149,402 176,355 58,969 93,868 389,597
174,715
8,308 .
3,556
7,694
7,575
3,371
1,^72 9,593
252,042 1 , 056,596 206,548 260,063 104,326 128,289 542,260
8,200
38,334 14,873
8,752
7,489 ... 5,7.63 19,803
260,242 1,094,930 221,421 268,815 111,815 134,052 562,063
F e d eral Reserve Bank of
Gold and go ld c e r t i f i c a t e s
Gold settlem en t fund - F. R. Board
T o ta l gold h e ld by banks
Gold w ith F . R. Agents^
Gold redem ption f u n d i
T o ta l g o ld r e s e r v e s
L e g a l tender n o te s, s ilv e r , e t c .
T o ta l r e s e r v e s
B i l l s d isco u n ted :
Secured b y U. S. Govt, o b lig a tio n s
8,526
16,914
Other b i l l s d iscou n ted
B i l l s bought in open market
15,857
T o ta l b i l l s on hand
41,297
U. S. bonds and n o tes
11,982
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 A ct)I 3,250
Other c e r t i f i c a t e s
12,681
M unicipal w arrants
T o ta l earn in g a s s e ts
69,210
Bank prem ises
5,251
5$ Redemption fund ag ain st
422
F . R. Bank n otes
U n c o lle c te d item s
53,152
A ll other reso u rces
488
-
TOTAL EKOUBCES
24,750 28,928
21,886 10,485
80,545 24/205
127,181 63,618
37,862
56,549
23,626
27,639
12,500
71,759
3,000
3,000
29,059
-
5,809
-
267,989
9,644
624
20,333
12,186
70,381
-
12,403
27,290
671
40 ,3 &
1,241
2,753
31,685
17,629
40,286
4,247
15,940
38,685
140
73,855
8,300
3,460
3,499
2,031
6,667
17,694
-
-
188
468
50,611
1,072
22,965
150
San Fran.
2,774
30, 69s
33,472
9,475
20,595
30,070
32,361
1,674
79,519
7,778
64,663
849
53,375
1,617
88,464
25,270
1,665
87,297
65,512
7,142
18,359
12,918
38,419
2,049
24,142
3,154
1,661
19,205
26,191
22,434
28,483
4,868
35,012
9,774
30,157
40,928
80,859
281,078
238,116
658,296
18,761
12,885
27,537
2,816
37,682
229,158
3,571
4,311
3,000
3,821
13,011
1,900
2,832
11,462
171,788
M 33
17,192
21,325
56,529
_____15
65,062 45,147
952
959
223
56,694 237,479 3,076,943
6,164
126,184
4,384
3,795.
92,259 62,858 241,863 3,203,127
75
3,056
1,354
20,172
272,000
592,494
35,019
864,4g4
55,191
178,240 2 , 160,522
4,048
51,927
-
66,803
5,060
915
139,102
50,500
15
40,643 132,835 1,109,757
.2,094
1,486
44,473
-
-
19 s
400
146
94
72,862 37,193 14,963 39,746 27,438 40,483
1,918
4,718
1,327
459
633
493
665
T o ta l
7,464
23,164
30,628
-
-
96,053 130,079 ■45,065 44,355 106,516
603
6,409
1,741
2,571
7,703
250
239
131,105 48,958 54,429
490' 1,105
2,223
S t.L o u is Minn. K ans.Cy. D a lla s
3,917
593,911
15,076
388,771 1 , 506,515 367,775 461,076 211,322 203,731 750,268 191,220 128,106 204,901 135,097 421,479 4,970,261
Released, for publication Friday morning, Sept. 29, 1922; not earlier.
RESOURCES AND LIABILITIES OF, THE FEDERAL RESERVE BANKS. AT CLOSE OF BUSINESS SEPTEMBER 27* 1922.St.
3063c
(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 New York P h ila . C le v e , R ich. A tla n ta Chicago S t. Louis Minn. K ans.Cy. D a lla s San Fran.
T o ta l
© ap itai p aid in
8,090
2 7,772
9.194' 11,6 8 9
5>622 4,324 14,744 4 ,78 7
3,562 4,571 4,199
7 , 6lS
106,172
Surplus .
16,483
60,197 17,945 22,509 11,030
9,-114 29,025 9,388
7,468
9,646 7,394 15,199
215,398
D e p o sits:
Government
1,2 2 5
2,596
735' 1 ,4 1 5
1,6 19
1 ,7 1 4
1 ,1 5 4 l , 6 6 l
1,088
2,028
2,210
2,500
19,945
Member bank - r e s e r v e account
lz2 ,6 6 3
690,325 109,007 152,520 57,394 4 7,713 255,527 59,084 45,310 7 8 ,l4 s 49,437 130 ,847
1 ,7 9 7 ,9 7 5
Other d ep o sits
421
1 1 ,1 7 2
6l6
1,136
234
206 1,2 5 6 ,
616 262
548
213
5,533
■
■ 22,213
•
T o ta l d e p o sits
124,309
704,093 110 ,358 15 5 ,0 71 59,247 49, 633257,937 61,361 46,660 80,724 51,860 138,880
1,8 4 0 ,133
F. R .-n o te s in a c tu a l c ir c u la tio n 193,427
6 o 4 ,4 si 18 4 ,2 11 218,691 86,506 118 ,226 383,081 76,952 52,762 63,902 41,284 2 1 9 ,S6l
2,243,384
F. R. Bank n otes in c ir c u la tio n net lia b ilit y
2,606
9,842
2,508
2,934
2,667 3,094
5,977 3,505
2,376 6,688
2,338
1,530
46,065
D eferred a v a i l a b i l i t y item s
4 2 ,3 3 1
94,987 41,905 4 8 ,1 1 7 45,097 18 ,14 7 56,135 34,284 13,896 38,196 26,330 36,046
495,471\
A ll other l i a b i l i t i e s
1,5 2 5
5 ,14 3 .1,6 5 4 .2,065
1,15 3
1,19 3
3,369
943
1,38 2 1 ,1 7 4
1,6 9 2
2,345
23,638
TOTAL LIABILITIES
38 8 ,771 1, 506,515 367,775 461,076 2 11,3 2 2 203,731 750,268 191,220 128,106 204,901 135,097 4 21,4 79
4, 970,261
R atio of to ta l r e se r v e s to d eposit
and F. R* n ote l i a b i l i t i e s
„combined, per c e n t
81.9
83,7
75,2
7 1-9
7 6 .7
79*9
87.7 63.1
65,9
63.8 67.5
6 7 .4
78 .4
Contingent l i a b i l i t y on b i l l s purchased
fo r fo re ig n correspondents
1,990
10,085
2 ,18 1
2,235
1,336
1,009
3,244
I s,281
736
1,308
709
1 ,2 5 4
27,368
FEDERAL/RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION
F. R. n otes ou tstanding.
F. R. n otes h eld by banks
207,402
. .13 *975
F. R. n o tes in a c tu a l c ir c u la tio n 193,427
Bills discounted
Bills bought in open market
U, S. Certificates of indebtedness
Municipal warrants
850,725 203,350 232,352 92,598 124 ,0 14 421,612 9 1,554
246,244 19 ,13 9 13 ,6 6 1
6,092
5,788 38 ,531 l4 ,6 0 2
55,492 773**62 45,950 255,333
2,730
9,260 4,666 3 5 .4 7 2
2, 653,544
4 l0 ,l6 0
604,481 18 4 ,2 11 218,691 86,506 118,226 383,081 76,952 52,762 63,902 4 l , 284 2 1 9 ,S6l 2 ,2 4 3 t384><'',/\
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
225,972
51,960
76,305
4 7,10 2
18 ,8 41
420,180
55,875
53,496
60 ,514
53,524
14 ,70 7
238 ,116
9,034
22,552
2,631
68,932 -*
;
1 19 ,1 3 9
222,288
_
,3
_
7
12
15
Released, for publication Friday morning, September 29 , 1922; not earlier.
Federal Reserve Agent a t
RESOURCES
FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS SEPT. 27, 1922,
(In thousands of d o lla r s )
B oston New York P h iia
n .ow„ -n- v
. A tla n ta Chicago S t.L o u is Minn.
Federal Reserve notes on hand
Federal Reserve notes outstanding
Collateral security for Federal
Reserve notes outstanding:
Gold and gold certificates
Gold redem ption fund
S i S i S f p i i - •Board
Amount req uired
Excess amount held
—
TOTAL
St
84,800
207,402
347,410
5,300
363,184
1 6 .4 15
1+2 220
n?n ^ con -70
~
850,725 203*350 2'32’ w
Q?
t o ’S S
^ , ^ 0 < 52,352 .92 , 59s 124,014 421,612
-
Kans.Cy. D a lla s
n-i?
9 1 , 551*
10>8l+0 13,450
55,492 73,162
11,6 10
13,052
„
371:000
150:000
7K xs Ll c 7 ni17 cc „ ,
___ S ^ O
k2’,7Gj
3[303 1 ^ 1
~
:_____
^
2,1+00
-
2’ °91' 629
T o tal
^
5 9 ,H O
812,822
45,950 255,333 2 , 653,544
15,838
si:rao M ' M
&
& &
-
7 687
4 ;^
32 687
1
San Fran.
i* ? 7R
^7 *fiR7 ik c t t
153-°“
—
3063d
^
*
~
8,378
*1,817
506,056 223, 9W 327,180 965,881
35,025
3,369
23,131
2.598
-
Hi
rdk
, n ifi-
*
*
19,78? 20,680 77,093
2 .647 ll*, 32U 3,366
1*93,022'
150,671-
213,407 124,422 162,421 122,062 573.u a 6, 270,581
L I A B I L I T I E S
Net amount o f Federal Reserve
n otes received from Comp
t r o lle r o f th e Currency
C o lla te r a l receive d from
Federal Reserve Bank:
Gold
E lig ib le paper
TOTAL
http://fraser.stlouisfed.org/
4
Federal Reserve Bank of St. Louis
292,202 1 , 198,135 21*5,570 260,372 125,188 194,788 502,1*52 118,1*81*
ta.’ S ?
S : S653 ^
M
-------------- — -- -
2 ’$
3a,T 7 3s' 5 a
3S ' 5 ? 7
56,529
66,332
32,361
73’S32 38,391* 25,729
86,612
61,788 314, 1*43 3,46 6,366
53.375
25,270 178.240 2 . 160.522
22,434
35,004
80,459
643,693
508,214 2, 091,629 452,223 506,056 223,944 327,180 9 65,881 213,407 !24,422 ! 62,421 122,062 573. i t e 6, 270^
@FedFRASER