statrimt fob the press Released for publication not earlier. May 26, C0KDITIC1T OF FEDERAL RESERVE BANKS-

Transcription

1 statrimt fob the press Released for publication St.2000 Friday morning, May 27; Federal Reserve *Bo-*rd not earlier. May 26, C0KDITIC1T OF FEDERAL RESERVE BANKS- Continued gains of gold, offset in part by losses of other cash reserves, and further reductions in deposit and note liabilities are indicated by the Federal Reserve Board's weekly bank statement issued as at close of "business on May 25, The banks' reserve ratio shows a further rise for the week fran 56-8 to 57 6 per cent. Itederal Reserve bank holdings of paper secured by U- S. Government obligations increased by $19,100,000, those of other discounted paper - >y v>o, b00,000, and those of acceptances purchased in open market by 400,000. Pittman certificates fell off $1,500,000, while other certificates on hand, because of the redemption by the Treasury of special certificates held by the Reserve banks to cover advances to the Government show a decline of $82,100,000. In consequence of the above changes ililllllshi! mrnsmm iiliiisit

2 Released for publication Friday morning, May 27, 1921; not earlier. St-2000a- RESOLTRCES AMD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED RESOURCE (In thousands of dollars) May 25, ,261 Gold and gold certificates Gold settlement fund - F.Ft.Beard ' 474,952 Gold with foreign agencies Total gold held by banks Gold with Federal Reserve Agents.. -. Gold redenpti an fund 754, 213 1,505, 229 m j o 5 Total sold reserves 2,392,947 Legal tender notes, silver, itc Total reserves.. - E, 55S, 2 May , , ,496 1,458, ,378, ,228 2,549,134 May , ,452 ill, ,117 1,112, ,946 1,953, ,393 2,092,496 Bills discounted: Sec. by U. S, Government obligations Bills bought in open market Total bills on hand U. S. Government bonds U. S. Victory notes -.. U. S. Certificates of indebtedness: One-year certificates (Pittman Act) A11 0 tl%er Total earning assets..... Bank premises 5$ Redemption fund against F. R. Bank notes Uncollected items resources.. TOTAL RESOURCES Capital paid in Surplus Reserved for Gov't, franchise tax Deposits: Government Member bank - reserve account. -.. Total deposits F. R. notes in actual circulation F- R. Bank notes in circulation - net liability Deferred availability items.... liabilities TOTAL LIABILITIES Ratio of total reserves to deposit 'and F. R- note liabilities combined.. 793,951 1,076,305 87,138 1,957,394 25,574 3,375 46,754 2,263,120,396 11, , ,379,76o 102,173 35, ,3 1,655, ,705, 956 2,734, ,S3U 424, ,379, % 774,869 1,067, ,924,220 25,924 4, ,313,973,192 11, , ,490,4go 102,116 34,014 15,632 1,665, ,716,642 2,767, , , $ 1,447,962 1,071,469 4i8.6oo 2,938,031 26, , ,156 3,244,425 12,668 11, ,077 6,812 6,ii4,34o 94, ,120 36,433 1,852,916 2L.QH 1,980,386 3,107, , , ,490,480 6,li4,34o *42.7? a Ratio of gold reserves to F. R. notes in circulation after setting aside 35$ against deposit liabilities % 70-4$ Calculated on basis of net deposits and F. R. notes in circulation. *47.;

3 Released for publication Friday morning, May RESOURCES AMD LIABILITIES Federal Reserve Bank of Gold and gold certificates Gold settlement fund - F, R» Board Total gold held by banks Gold with Ft R, Agents Gold redemption fund Total gold reserves Legal tender notes, silver, etc. Total reserves Bills discounted: (a) Secured by U # S * Gov 1 1 obligations Bills bought- in open market Total bills on hand U, S, Government bonds U* S, Victory notes U y Sv Certificates of indebtedness: One year certificates (Pittman Act) Total earning assets Bank pr&cises 5/^ Redemption fund against F,R»Bk nets Uncollected items resources TOTAL RESOURCES ; not earlier, OF THE FEDERAL RESERVE'BANKS A? CLOSE OF BUSINESS MAY 25, 1921, St.2000b RESOURCES (In thousands of dollars.) Boston New York Phila. Clevel. Richm. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fr on, 7,74g 197,22s l,843 5,569 2,624 4, ,703 8,260 1,951 8,73. 13, *&lqa 5Ii30?..33, IQ.PhR 1U, p I , , ,337 53,75p 89, , ,320 16,759 16,260 34,340 10, ,759 50,21 4II,2S4 112, ,599 34,981 72,328 3,008 67, ,802 33,215 13,97S 131,863 3L000- L5I6. 5, _L.9_IL 3,069 4, UL , , , ,519 7lf6S9 92^ *503 87,934 41,131 72,139 30, ,224 1L x >755 4, ,29s 791.MZZ 6,399 -_2,4I5 263, , ,469 75,991 98, ^ t 32 41,922 75,26b 36, ,709 Total l ,213 1,505,229 U1^Q5 2,392,947 Ii5_,^. 2,558,2 42,020 2dS, ,731 47,015 \ 39,080 47, ,004 /,05s 24,979 11,296 53,447 53,804 24Q,132 34,245 79,a3 69,397 60, , ,951 44,721 bl, S79 57,919 53, ,214.12,555 44,84s , ,0 76,305 -lx5!5_ L44O_ 102, , , , , , ,803 77,502 67,937' 82, , , ,005 1, , ,490 1,957,394 1, s, s 66 3,575 1,008 5 ~ ~ 10 ~ ^ 25,574 l 4 18,936 55,276 26,750 a, ,760 15,564 36,11; 13,068 8,480 10,320 4,4oo 10,520 6l og , U, -ZL 125,484 -HI , , ,655 1,46o" 125, ,550 ^6x154 91,736 76, ,243 73, ,010 3,446,263, ,043 1, , ,446 1, s 772 2,059 1,300 1,9 601, ,Q6C 5 27s ,664 11, ,346 45,565 48,43-5 4o,991 18, ,631 14, 298 * ,164 34, , , C'S.513, l.lo2 2,204.1X ,324 1,589, , , ,43s 245, , ,387^133, , ,*690 4i6]396^5379^60 (a) Includes bills discounted for other F* R* Banks, viz.: 3,542 25,347 1,075 29,964

4 Released.for publication Eriday morning, May 27, 1921; not earlier. RESOURCES AND LIABILITIES OF THE FKDERAL RESERVE BANKS AT CLOSE OF BUSINESS MAY 25, 1921 (in thousands of dollars) Federal Reserve Bank Boston Capital paid in 7,294 Surplus 15,711 Reserved for Govt, franchise tax 1,938 Deposits: Government 1,195 Member bank - reserve account 107,44-2 jy3 Total deposits 109,4l0 E. R. notes in actual circulation 254,485 E. R, Bank notes in circulation - net liability 12, 289 Deferred availability items 35,976 liabilities. TOTAL LIABILITIES Ratio of total reserves to deposit and note liaoilities cfieribined, per cent Contingent liability as endorser on discounted paper rediscounted with other T?, Banks Contingent liability on bills purchased for foreign correspondents F. B." notes outstanding 7- R, notes hsld by banlcs H, notes in act rial circulation Bills discounted Bills "bought in open market S, Certificates of indebtedness New York 26,857 56,4I4 1 U,g44 Phi la. Clevel. Richm, Atlanta Chicago St-Louis 8,615 11,046 5,395 4,082 14,229 4,499 17,010 20,305 2,193 1,026 10,561 8,343 28,980 8,346 1,321 2,221 6, t.2000c, 'iinn Kans-Cy Dallas San Eran, 3,531 4,497 4,211 7,287 6,980 9,159 6,033 14,194 1,165 1,293-1,805 Total 102,173 35, , ,567 1,3 1,84s 1,59% 1,653 1,209 3,122 17,3 653,641 95, ,579' 54,226 44,0 9,^07 62,538 38,808 70,403 45, ,608 1,655,609 16J03 1,069 J69 4/ Jj , ,415 97,092 13S,4ie 55,3^2 46,138" ,080 4o,922., y 72,620" 46, ,497 1,705, , , , , ,79 456,7 105,819 61,769,44? 50,144 4,395 2, 734, go4 24,301 11,970 18,334 6,644 11,782 21,469 6,897 6,310 12,084 5,079 7, ,834 82,163 4i,795 43,524 35,690 13,858 Us,536 11,903 35,593 21,160 27, ,929 r 1^21 r l ^ L. W76 1,696. 1,335 l ,089 AllI_ 29, ,324 1,589, , , be8 243, , , , , , , ,390 5,379,760 H E M 0 R A IT D A F.R, o s 15,000 10,347 4,617 29,9^4 2J36 12,077 2,560 2,624 1,568 1,152 3,808 1, l," > ,472 32,333 FEDERAL RESERVE NOTES OUTSTAYING AMD IN ACTUAL CIRCULATION 270, , , , , , , ,601 64,293 93,552 53, , ,119 16, , , ,028 40,450,752 2,524 10,105 3,591 y 55,692 w-.v-v , , ,229 26^, , , ,793' 105, 8%' 61,769 * Sj^Wf 50^144 4,895 2,734,80? DISTRIBUTION' OF BILLS AND U.S. CERTIFICATES OE I INDEBTEDNESS BY MATURITIES Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days Over 90 days Total 1,102, , , ,564 70,132 1,870,256 56,289 16,4os 12,148 2,293 87,138 36,607 4, 769 9,227 2b, , ,129

5 Released for publication Friday morning, Hay 27, 1921; not earlier. FEDERAL RFSHtVE AGENTS' ACCOUNTS AT CLOSF OF BUSINESS MAY 25, St. 2000d, Federal Reserve Agent at Federal Reserve notes on hand Federal Reserve notes outstanding Collateral security for Federal Reserve notes outstanding: Gold and gold certificates 5,600 Gold redemption fund 22,159 Gold settlement fund-f.r,board 150,000 Eligible paper: Amount required Excess anount held total (In thousands of dollars) Boston &ew York Phi la. Clevol, Richm. Atlanta Chicago St*Louis Minn- Kans.Cy. Dallas San Fran. Total 93, ,000 21,420 Ul,5b0,909 71, ,700 29,480 12,360 4, , , , , , , , , , ,601 64,293 93,552 53, ,587 3,091,119 92,857 15, ,925. -,775-3,500,359 13,925 15,824 3,481 4, ,000 98, ,000 31,500 64, , ,268 97,737 98,245 93, ,960 2,302 34,794 9,827 15,684 6,110 16,264 2, ,644 58,1 13,052-4,SSI - 343,853 2,550 2,855 3,253 15, ,424 6,200 30,360 5,4 116,394 1,033, ,335,403 42,491 60,337 39, ,724 1,585,290 52,425 14,99! 24,356 22,536 24,770 10,733 3i$, ,554 2, 064, s4o 512,086 6b 1, , , 443 1,212, , , , , ,447 7,289,862 Net amount of Federal Eessrve netss received from Comptroller of the Currency Collateral received fran Federal Beserve Bank: Gold Eligible paper TOTAL 3-3,?4U 1,1, , , ,135 6, , ,021 76,653 98,332 82, ,127 3,885, , , , ,500 34,981 72, J) 28 3,902 67, , , , , , , ,760 77,394 1,802 33,215 13, ,263 1,505, 66,84? 82,873.64,5, ,298, ,884 2,064, , , ,188 4i8,443 1,212, ,673 lc-%302 2i4, ,9kg 626,44? 7,$89,862