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STATEMENT FOR T I E Be l e a s e d 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 , Sept, 4; not earlier. p PESS St. 46 k) Federal Beserv^ Board, September,3, 1925. ' CONDITION OF THE FEDERAL RESERVE BANKS } The consolidated statement of condition of the Federal reserve banks on September 2, made public by the Federal Be serve Board, shows an increase f o r the week of $11,600,000 in acceptances purchased in open market and decreases of $2,800,000 i n discounted b i l l s , $6,000,000 in United S t a t e s Government s e c u r i t i e s , and $3,000,000 in foreign loans on gold. Federal reserve note c i r c u l a t i o n was $21,300,000 and cash reserves $10,400,000 l a r g e r then a week ago. The p r i n c i p a l changes in holdings of discounted b i l l s included an increase of $71800,000 at the Federal Reserve Bank of San Francisco and decreases of $11,300,000 a t Chicago and $7,800,000 at Boston. A reduction of $7,300,'000 i n holdings of acceptances purchased in open market i s reported by the Federal Be serve Bank of St. Louis. The p r i n c i p a l increase in acceptance holdings, $6,700,000, i s reported by the Federal Reserve Bank of Boston, while the New York bank reports an increase of $4,000,000 and Philadelphia and Chicago increases of $2,900,000 and $2,500,000, r e s p e c t i v e l y . Treasury notes on hand went up $700,000 and United States bonds $300,000, while holdings of c e r t i f i cates of. indebtedness f e l l o f f $7,000,000. Changes i n Federal reserve note c i r c u l a t i o n during the week include an increase of $6,400,000 reported by the Federal Reserve Bank of New York, and increases of $6,200,000 and $3»600,000, r e s p e c t i v e l y , reported by San Francisco and Atlanta, A summary of changes in the p r i n c i p a l assets.and l i a b i l i t i e s of the reserve banks during the week and the year ending September 2, 1925, follows: Increase or decrease Week Total reserves Gold reserves . . . + $10,400,000 + 14,500,000 Total earning a s s e t s 200,000 B i l l s discounted, t o t a l . . . . . . . 2,800,000 Secured by U.S.Government o b l i g a t i o n s + 9,800,000 Other b i l l s discounted . . . . . . . 12,600,000 Year - '$26l,900,000 304,300,000 + 210,700,000 + 274,900,000 + 202,400,000 J- 72,500,000 B i l l s bought i n open market + 11,600,000 + 143,600,000 U. S. Government s e c u r i t i e s , t o t a l . Sonds • Treasury notes . . . . . C e r t i f i c a t e s of indebtedness . . . - - 215,900,000 + 37,100,000 - 160,500,000 92,500,000 * - Inderal Reserve notes i n c i r c u l a t i o n . Total deposits . . . . . . Members' reserve deposits Government deposits . . . . . . . . . Other deposits . *" during C. + - 6,000,000 300,000 700,000 7,000,000 21,800,000 - 123,000,000 800,000 3,100,000 3,400,000 500,000 + + - 66,500,000 84,700,000 9,800,000 8,400,000 Released f o r p u b l i c a t i o n Friday morning, September 4, 1925j not e a r l i e r . St.4640a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of d o l l a r s ) Sept. 2, 1925 Aug. 26, 1925 Sept. 3,1924 Reserves other than gold . . . » . . . . B i l l s discounted! Sec. by U.S.Government obligations . . U. S. Government s e c u r i t i e s : Treasury notes C e r t i f i c a t e s of indebtedness Total U.S. Government s e c u r i t i e s . . Foreign loans on gold All other earning a s s e t s TOTAL RESOURCES . . . . . 2,019,186 i,44i,993 42,787 rH Gold held exclusively against F.R.notes Gold settlement fund with F. R. Board . Gold and gold c e r t i f i c a t e s held by banks Slrx J=t RESOURCES Gold with Federal reserve agents . . . . Gold redenption fund with U.S. Treasury 1,484,780 689,685 1,498,787 665,842 2,776,695 2,762,153 2,049,123 656,187 375,705 3,081,015 121,205 2,897,900 125,374 78,748 2,887,527 3,159,763 46,237 5l,4l6 37,993 320,527 256,363 576,890 310,690 268,985 118,073 183,876 579,675 301,949 213,167 201,519 69,583 69,942 230,996 25,274 .230,255 32,306 69,688 32,883 391,532 117,730 326,212 332,249 542,145 7,500 1,750 1,126,089 10,500 2,350 1,126,293 628,059 579 , 518 602,230 2,320 597,524 29,937 915,427 61,245 61,210 22,097 2i,9S3 590,970 59,323 32,322 4,781,627 4,727,947 4,795,798 1,637,725 1,615,887 1,760,757 2,186,593 25,321 23,314 2,235,728 2,183,487 28,688 24,363 2,101,923 2,236,538 528,297 2,169,223 L I A B I L I T I E S F. R. notes i n actual c i r c u l a t i o n . . . Deposits: Member bank - reserve account . . . . Capital paid in . . 561,035 110,363 217,537 12,389 TOTAL LIABILITIES . . . . 4,781,627 116,324 217,337 13,064 4,727,947 35,150 32,150 520,905 112,003 220,915 11,995 4,795,798 Ratio of t o t a l reserves to deposit and F. R. note l i a b i l i t i e s combined . . . 74.8# 75.0$ 80.4# Contingent l i a b i l i t y on b i l l s purchased, f o r foreign correspondents . . . . . . 31,14s 31,128 25,927 c. - RESOURCES a ® LIABILITIES OF THE FEDERAL RESERVE SAMS m SEPTEMBER 2, 1925. ( I n thousands of d o l l a r s ) St 8 -jS . 4640b % % 41" II i l "i S # |g - zttssu** — sag « %% %% %% s-a »& ; is*ss *s Gold held e x c l u s i v e l y a g a i n s t „ , Total g e l - ^ s e n - e s B o " r 7 M c t k s r than ~ 156, sola Totsi rasarTe, J 19 238,754 12,8^9 251,603 4,253 364,299 135,897 l 87 3125 ' 923,765 210,065 304,742 31,77 8 6,160 8,251 955,543 2 1 6 , 2 $ 312,993 13,199 1,181 ' u 4 113,s?4 139,820 ~ : — 16,518 47,336 15,908 14,576 1.627 4,315 86,908 155,435 374,144 54.094 75,436 94,659 ———— JL_— 54,416 ' 32,536 194,926 1,484,780 82,773 147,500 358,236 4,135 7,935 8,345 5,326 121,'205 60,iiiltoTioi 1 ^ 1 5 ( 7 m S J® K:S »:*' \S IS !« Kg "SSSIS:^ » " -:5 ss ns as" as t : *s s •salss = « —- J 'tl'1:1 "£ "?1 II -141 I SRsSeSr™'"» - " I I f " % ts** »8 >ss-s %-fe s^T- i l l i l i l l i l p g l r i r # B S H S I L S : • T'OTAI, BESOUPCES M &s M S: 4 l 5*555 3.136 2.745 7,846 3,136 690 1.874 2,002 2,585 46,237 385,918 1,414,446 366,022 486,299 211,817 259,385 591,246 1 64,926 139,579 199,369 135,587 427,033 4,781,627 L I A B I L I T I E S F.R. notes in actual c i r c u l a t i o n Deposits: Member bank - reserve account Government Other d e p o s i t s Total d e p o s i t s Deferred a v a i l a b i l i t y items Capital paid in Surplus All other l i a b i l i t i e s RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 2, 1925. St. 4640c ( i n thousands of d o l l a r s ) Boston Nev York P h i l a . CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total 160,735 345,083 145,170 216,305 72,014 138,713 144,708 40,521 62,832 64,020 43,216 204,408 1,637,725 142,428 1,197 285 840,294 131,g4i 179,019 959 2,690 2,058 13,281 290 1,046 69,623 808 189 79,176 320,184 • 74,610 2,091 9,969 953 171 1,071 1,279 51,085 1,030 213 85,548 1,516 1,117 56,074 156,711 2,186,593 4i4 1,636 25,321 125 4,747 23,814 143,910 55,725 8,596 16,382 570 854,534 134,821 182,123 121,036 54,047 51,343 31,900 11,494 13,058 58,749 20,059 22,462 3,144 431 1,008 70,620 50,528 5,979 11,701 975 81,438 331,224 24,821 67,689 4,608 15,607 8,950 30,426 855 1,592 52,328 12,656 3,199 7,497 1,067 88,181 33,336 4,305 8,977 550 56,6l3 163,094 2,235,728 23,079 35,005 561,085 4,318 8,174 116,363 7,592 15,071 217,837 769 1,281 12,889 76,842 31,820 5,125 9,971 647 TOTAL LIABILITIES 335,91S 1,414,446 366,022 486,299 211,517 259,385 591,246 164,926 139,579 199,369 135,587 427,033 4,781,627 Reserve r a t i o (per cent) . 82.6 79.7 77.2 78.6 60.9 70.6 78.6 46.1 65.5 62.2 60.5 70.9 74.8 Contingent l i a b i l i t y on b i l l s p u r 8,422 chased f o r f o r e i g n correspondents 2,305 2,895 3,331 1,650 1,276 4,296 1,432 1,027 1,245 1,090 2,179 31,148 F.R.notes on hand (notes rec'd from F.R.Agent l e s s notes in c i r c u l a t i o n ) 17,775 111,477 38,915 15,560 13,216 20,154 11,707 5,013 3,647 6,596 5,355 38,449 287,864 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 280,440 F.R.notes rec'd from Comptroller 766,860 217,485 273,185 113,730 216,077 427,922 69,394 85,426 98,349 65,333 302,657 2,917,358 F.R.notes held ty F. R. Agent 101,930 310,300 33,400 41,320 28,500 57,210 271,507 24,360 18,947 27,733 16,762 59,300 991,769 F.R.notes issued t o F. R. Bank 178,510 456,560 184*085 231,865 85,230 158,867 156,415 45,534 66,479 70,616 48,571 242,857 1,925,589 C o l l a t e r a l held as s e c u r i t y f o r 3*1 F.R.notes issued to F.R.Bank: Gold and gold c e r t i f i c a t e s 34,700 186,698 5,200 8,780 21,160 9,000 11,775 13,052 I 18,733 309,098 Gold redemption fund 17,253 28,110 9,46s 15,352 3,096 4,917 4,494 1,449 1 , 4 7 3 / 4,273 4,403 19,670 113,963 i l Gold fund - F. R. Board 100,000 141,000 116,389 160,000 14,295 97,000 130,645 2,500 31,000/ 45,360 7,500 172,743 1,013,93%, E l i g i b l e paper 62,065 184,411 58,531 72,953 59,657 48,710 73,036 37,445 27,3s# 26,900 19,066 75,039 745,12-6/ Total c o l l a t e r a l 214,018 540,219 190,138 257,085 98,208 159,627 208,175 53,169 72,848k 76,533 49,707 267,452 2,187,17% MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS Within 15 days 16 t o 30 days 31 to 60 days 6l t o 90 d a j s ^ l ^ays t o Over 6 months Total ^ 6 months S i 434,304 37,050 B i l l s discounted 40,916 55,633 8,809 178 576,890 60,683 62,690 34,973 B i l l s bought in open market 39,900 14,921 213,167 2,000 18,190 C e r t i f i c a t e s of indebtedness 550 1,128 3,406 25,274
@FedFRASER