st. 57 5' statement foe the press released, for ... · st. 57 5' statement foe the press...

5
S t . 57 5' STATEMENT FOE THE PRESS Released, for publication Federal Reserve Board Sunday morning, Jan. 25, 1920; January 24, 1920. not earlier. CONDITION OF FEDERAL RESERVE BANKS Aggregate increases of 53*^ millions in the holdings of war paper and other dis- counts and a further reduction of 16.4 millions in cash reserves are indicated in t^^ federal Reserve Board's weekly bank statement, issued as at close of business on January 23, 1920. Federal Reserve note circulation shows a further reduction for the week of 5,7 millions, while net deposits fell off about 1.1 millions. As a r e - sult the banks' reserve ratio shows a further decline from 4$,1 to 44,S per cent, 1i»ar p a p e r h o l d i n g s 01 the oanks increased 34»9 millions, other discounts on i^and went up IF -5 millions, while acceptances show a nominal increase of 0.1 million. Of t ; e total of 1,386,3 millions of war paper held, 629.7 millions, or 4$.4 per cent, was secured by Liberty bonds; 243«3 millions, or 17.6 per cent, by Victory notes, and 513*4 millions, or over 37 por cent, by Treasury certificates, as against 47-7, 20.9 and 31.4 per cent of a total of 1,351*5 millions of war paper reported the week before. A reduction of 42.9 millions is shown in Treasury certificate holdings, follow- ing the redemption by the Government of a l l temporary certificates outstanding. Dis- counted pap:r held by the Cleveland, Atlanta, Chicago, St. Louis and Dallas banks include 69*1 millions of bills discounted for four other Federal Reserve banks (as against 119»o millions of suc.i ciiscoua'cs ±jeld by 6 banks the week before), while acceptance holdings of 6 Reserve baziks are inclusive of 48.7 millions of bankers' bills purchased from t h e Now York and Boston banks, as against 43.2 millions the week before. As against an increase of 55.3 millions in Government deposits the banks show reductions of 84.4 millions in members' reserve deposits and of 12-7 millions in other deposits, including foreign government credits. On t h e other hand the "float" carried by the Reserve banks shows a decrease for the week of 40.2 millions with the result that net deposits work out at 1.1 millions less than the week before. In ad- dition to a decrease of 5-7 millions in Federal Reserve note circulation the banks report also a reduction of 3.6 millions in their liabilities on Federal Reserve bank . . . . largely notes in circulation. Export withdrawals and sales of gold hold abroad account/for a decrease of 17-2 millions in gold reserves. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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Page 1: St. 57 5' STATEMENT FOE THE PRESS Released, for ... · St. 57 5' STATEMENT FOE THE PRESS Released, for publication Federal Reserve Board Sunday morning, Jan. 25, 1920; January 24,

S t . 57 5' STATEMENT FOE THE PRESS

Released, f o r p u b l i c a t i o n F e d e r a l Reserve Board Sunday morning , J a n . 25, 1920; J anua ry 24, 1920.

no t e a r l i e r .

CONDITION OF FEDERAL RESERVE BANKS

Aggregate i n c r e a s e s of 53*^ m i l l i o n s i n the h o l d i n g s of war pape r and o t h e r d i s -

counts and a f u r t h e r r e d u c t i o n of 16.4 m i l l i o n s i n cash r e s e r v e s a re i n d i c a t e d i n

t^^ f e d e r a l Reserve B o a r d ' s weekly bank s t a t e m e n t , i s s u e d as a t c l o s e of b u s i n e s s on

January 23, 1920. F e d e r a l Reserve no t e c i r c u l a t i o n shows a f u r t h e r r e d u c t i o n f o r

the week of 5 ,7 m i l l i o n s , w h i l e n e t d e p o s i t s f e l l o f f about 1 . 1 m i l l i o n s . As a r e -

s u l t the b a n k s ' r e s e r v e r a t i o shows a f u r t h e r d e c l i n e from 4 $ , 1 to 44 ,S p e r c e n t ,

1i»ar p a p e r h o l d i n g s 01 t h e oanks i n c r e a s e d 34»9 m i l l i o n s , o t h e r d i s c o u n t s on

i^and went up IF -5 m i l l i o n s , w h i l e a c c e p t a n c e s show a nomina l i n c r e a s e of 0 . 1 m i l l i o n .

Of t ; e t o t a l of 1 , 3 8 6 , 3 m i l l i o n s of war p a p e r h e l d , 629 .7 m i l l i o n s , or 4 $ . 4 p e r c e n t ,

was s e c u r e d by L i b e r t y bonds; 243«3 m i l l i o n s , or 17.6 p e r c e n t , by V i c t o r y n o t e s ,

and 513*4 m i l l i o n s , or over 37 po r c e n t , by Treasury c e r t i f i c a t e s , as a g a i n s t 47-7,

20.9 and 3 1 . 4 p e r cen t of a t o t a l of 1 ,351*5 m i l l i o n s of war p a p e r r e p o r t e d the week

b e f o r e .

A r e d u c t i o n of 42 .9 m i l l i o n s i s shown i n Treasury c e r t i f i c a t e h o l d i n g s , f o l l o w -

ing the r edempt ion by t h e Government of a l l temporary c e r t i f i c a t e s o u t s t a n d i n g . D i s -

counted p a p : r h e l d by the Cleve land , A t l a n t a , Chicago, S t . Louis and D a l l a s banks

i n c l u d e 69*1 m i l l i o n s of b i l l s d i s c o u n t e d f o r f o u r o t h e r F e d e r a l Reserve banks

(as a g a i n s t 119»o m i l l i o n s of suc.i ciiscoua'cs ±jeld by 6 banks the week b e f o r e ) , wh i l e

accep tance h o l d i n g s of 6 Reserve baziks a r e i n c l u s i v e of 4 8 . 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 f rom the Now York and Bos ton banks, a s a g a i n s t 4 3 . 2 m i l l i o n s the week

b e f o r e .

As a g a i n s t an i n c r e a s e of 5 5 . 3 m i l l i o n s i n Government d e p o s i t s the banks show

r e d u c t i o n s of 8 4 . 4 m i l l i o n s i n members ' r e s e r v e d e p o s i t s and of 12-7 m i l l i o n s i n

o the 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 . On the o t h e r hand the " f l o a t "

c a r r i e d by the Reserve banks shows a dec rease f o r the week of 4 0 . 2 m i l l i o n s w i t h the

r e s u l t t h a t n e t d e p o s i t s work ou t a t 1 . 1 m i l l i o n s l e s s t h a n the week b e f o r e . In ad-

d i t i o n to a d e c r e a s e of 5 -7 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 t h e banks

r e p o r t a l s o a r e d u c t i o n of 3 . 6 m i l l i o n s i n t h e i r l i a b i l i t i e s on F e d e r a l Reserve bank . . . . l a r g e l y

n o t e s i n c i r c u l a t i o n . Expor t w i thd rawa l s and s a l e s of g o l d h o l d a b r o a d a c c o u n t / f o r

a decrease of 17-2 m i l l i o n s i n go ld r e s e r v e s .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 2: St. 57 5' STATEMENT FOE THE PRESS Released, for ... · St. 57 5' STATEMENT FOE THE PRESS Released, for publication Federal Reserve Board Sunday morning, Jan. 25, 1920; January 24,

R e l e a s e d f o r p u b l i c a t i o n Sunday morning , J a n u a r y 25, 1920; n o t e a r l i e r . S t * "75a COLIBIHED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS

?Tr S O U R C E S J a n u a r y 25, 1920 J a n u a r y l 6 , 1920 J a n u a r y Jg4,__1215L

::: ^ Gold w i t h f o r e i g n a g e n c i e s -1X1 > 322 ,000 120, >23,000 -—5x<^?.?'QQQ

T o t a l go ld h e l d by "banks " 779>lbg ,000 7 S 8 , 7 0 2 , 0 0 0 7 5 7 , 2 1 c , 0 0 0 Gold w i t h F e d e r a l R e s e r v e Agents 1 , 1 2 6 , 2 6 1 , 0 0 0 1 , 1 3 6 , 3 2 6 , 0 0 0 1 ,255>1^2 ,000

•VXXZSZ - m m m W M M . n & S S

" e » « s s r * . . - x & s s , _ i n S S t g t & m ( S e c u r e d by Government war o b l i g a t i o n s l , 3 o o , 3 4 8 , 0 0 0 l , 3 5 - » ^ 5 ^ , 0 0 0 1 , 4 9 500 ,000

B i l l s d i s c o u n t e d , c t l i e r 7 6 7 , 1 1 0 , 0 0 0 7 4 8 , 6 1 1 , 0 0 0 2o4, 533 ,000

— - s s a s ™ « » % s 4 1 3

U. S, V i c t o r y n o t e s 64 ,000 6 4 , 0 0 0 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 2 7 6 , 7 6 5 , 0 0 0 3 1 9 , 6 ^ 4 , 0 0 0 14-7,392,000

^ T c ^ e a r n i n g l s S t f 5 3 ^ 3 3 , 1 1 2 , 0 0 0 , 3 , 0 2 2 , 5 2 4 , 0 0 0 2 , 2 2 2 , ^ 0 % Bank p r e m i s e s -cuu-. 10,493,000 10,461,000 8,100,000 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 f r o m g r o s s d e p o s i t s 1 , 0 2 2 , 6 3 3 , 0 0 0 1 , 1 1 6 , 8 5 2 , 0 0 0 7 1 b , 5 S S . 0 0 0 5% Redemption f u n d a g a i n s t F- R, bank n o t e s 1 2 , 1 3 0 , 0 0 0 1 2 , 8 6 5 , 0 0 0 &,752 ,000

1 T 1 5 5 , i S & S . r Government d e p o s i t s 9 0 , 4 4 8 , 0 0 0 3 4 , 6 9 2 , 0 0 0 1-ro, 3 ^ 1 , 0 0 0 I u e t o members - R e s e r v e a c c o u n t 1 ,859>149 ,000 1 , 9 4 3 , 5 6 1 , 0 0 0 1 . 6 ^ 4 , 4 1 5 , 0 0 0 D e f e r r e d a v a i l a b i l i t y i t ems 7 9 5 , 7 2 2 , 0 0 0 8 4 9 , 8 5 4 , 0 0 0 5 1 1 , 8 9 9 , 0 0 0 O t h e r d e p o s i t s , i n c l u d i n g f c r e i s n government c r e d i t s 9 5 , 0 9 7 , 0 0 0 —107•o00 ,00Q —1^3-^29^000

T o t a l " v c s , i e p o s i U ' 2 , S 4 0 , 4 7 b , 0 0 0 2 , 9 3 5 . 9 1 3 . 0 0 0 ^ V ; . i 2 U . C C 0 7. n o t o s i n a c t u a l c i r c u l a t i o n 2 , 5 4 4 , 2 2 7 , 0 0 0 2 , 5 4 9 , 2 7 9 , 0 0 0 2 , 4 6 6 , 5 5 6 , 0 0 0 •• 1;. •• . . r . r t e o i n : • . - n e t l i a b i l i t y • *, • •* • ' •"•*••• - * ' -A l l , t h , , r l U h m . i F , 2 ^ ) 2 , 0 C £ > . 2 0 , 5 2 1 . 0 0 0 — > 9 . 6 i P , Q 0 g

TOTAL LIABILITIES E a t i c of t o - i l to not depcs^ t ana. l \ l l . n u t e

l i a b i l i t i e s combined. E a t i o of g o l d r e s e r v e s t o F .1L n o t e s i n c i r c u l a t i o n a f t e r

s o t t i n g a s i d e 35f? 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

6 , 1 7 1 , 7 ^ 7 , 0 0 0 . 6 , 2 7 2 , 4 % , coc

4 4 . 8 ^ 45.176 5 2 . 3 ^

51 .0^ 51-5$ 64.1% Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 3: St. 57 5' STATEMENT FOE THE PRESS Released, for ... · St. 57 5' STATEMENT FOE THE PRESS Released, for publication Federal Reserve Board Sunday morning, Jan. 25, 1920; January 24,

R e l e a s e d f o r p u b l i c a t i o n Sunday morn ing , January 25, 1320; n o t e a r l i e r . "7513

RESOURCES AND LIABILITIES 0? THE FEDERAL RESERVE BAI3XS AT CLOSE OF BUSINESS JAMUARY 23, 1920. R E S O U R C E S ( I n t h o u s a n d s of d o l l a r s )

Bos ton New Tork P h i l a . C l e v e l . Richrru A t l a n t a Chicago S t . L o u i s Minn. Kans .Cy . D a l l a s San F r a n . T o t a l 9 , 0 6 s 1*7,103 1,222 7 , 9 9 0 2,502 5,250 24 ,463 2,862 7,253 27-3 6,676 12,559 220,347

54,525 61,525 30,117 49,935 23,454 20,302 57,767 17,675 15,259 36,365 10,054 31,155 441,499 C.^6n 4:. 057 9.326 q.621 s.74q 4,224 13.q6l 5.514 3.168 5,631 3^Q50 5,39° §

72,457 241,625 4 0 , 7 5 5 67,546 31,705 32,50b 126,131 26,051 2 5 , 7 1 5 4 2 , 2 7 4 19,810 4 9 , l 4 o 7 7 9 , 1 6 8 7 4 , 2 5 9 283,215 75..063 127,973 41 ,730 57,237 214 ,502 5 4 , 3 7 5 3 5 , 0 2 9 3 b , 2 o 0 3 2 , 1 9 4 9 3 , 7 9 1 1 , ^ o , 2 6 l 191716 £*.000 14.770 L.kqs S. 8q4 5.A12 1 9 . 5 3 1 5 .8^4 200 1 ; 124 2 , 5 9 1 —

166.462 540,906 130.61s 197.017 52 ,329 9 6 , 5 5 5 360,224 06,270 63,944 85,653 54,301 152,766 2,02o.oj0

F e d e r a l B e s e r v e bank of Gold a n d g o l d c e r t i f i c a t e s Gold S e t t l e m e n t f und-F«E vBoard Gold w i t h f o r e i g n a g e n c i e s

T o t a l g o l d h e l d "by banks Gold w i t h j \ E% Agen t s Gold r e d e m p t i o n f u n d

T o t a l g o l d r e s e r v e s L e g a l t e n d e r n o t e s , s i l v e r , e t c .

T o t a l r e s e r v e s D i l l s sro-jzitod" ( a )

S e c u r e d by Government war . o b l i g a t i o n s

A l l o t h o r B i l l s bou^nb :*.n open marke t (b)

T o t a l b i l l s on hend U_ 5,. Givo'cncent bends U# S, n o ^ e s -U - S - C e r t * f i c a t e s of Indebtedness__21 ,39}

T o t a l e a r n i n g a s s e t s Bank p r e m i s e s U n c o l l e c t e d i t e n s a n l o t h e r d e -

d u c t i o n s f r o m g r o s s d e p o s i t s 5/6 Redempt ion f u n d a g a i n s t

bank n o t e s A l l o t h e r r e s o u r c e s

5J004 4 o , M 1 1 0 — X 0 4 5 220 1. 2?S 1 ,757 1JJ3 _ J i 9 L _ 1 ^ 2 7 „ " r ~ * & ^ ^ T , .... v" \ r _ \ . — —»— ^ \ \ i —r n t r /-s - r » r _ r n r *

421 Dl. 171^466 596^017 130,928 195,665 52,549 9 7 , 6 3 4 3 6 1 , 9 5 1 89 ,445 64 ,013 56 ,013 5 6 , 5 2 8 153 ,191 2 . 0 5 7 , 0 9 0

75,762 50,718 134,693 54,429 22,451 33,932 47,354 45,q4o 1,356,34s 21,517 18 j 451 129,639 47,261 42,291 57,957 12,205 30,8:0 7of,110

105,562 43,255 35tM{

1 5 4 , 2 4 4 539

452,773 159,377 275.596 39 ,355 202,706 L 5 2 7

93,457, 39,737 ' 7 1 VP. 10, # q 9 .523 . 82.qiq 12.612 7,9^4 i k - p ? u 6 . n q i i , ? q . 4 l 5 575 ,759

964.075 206,̂ 53 2u4)506 107,725 105,672 397,271 114,302 72,726 101,343 65,653 l j - 5 7 2 ,335 833 1 ,235 3 7 5 *+,u77 1 ,153 116 M 6 S 3 , 9 b b

50 - 10 ~ 4 6 5 . 7 - 6 LL.OQI 23.70?' 12.2OO 15 .665 40 .513 17 .750 8 .450 15,_Sg6, 8.3Q0_

)2, :6 s 2,632

12. 566

2 , 7 2 9 , 2 4 7 27 ,036

64 27 6 165

206^674 1,034,2^5 239I0J5 229,056 1217223 124J16 442,261 133,205 81,3 22 12.6,037 7 7 , 9 1 9 217,366 3,0.53,112 1,09s 3,094 500 64o 553 480 2,116 356 515 4c2 44S 231 10,493

33 , 257

1 , 0 7 2 45 5

230,00s 51,724 79,077 35,867 47,599 120,796 70,52s 22,026 Si,512 56,999 63,240 1,022,633

1 ,475 2 , 7 5 1 1 ,143 469

1 , 1 2 5 4 IS

335 505

859 3 2 1

1,568 567

463 305

310 l 4 o

9 4 1 477

566 . 32b .

665 320

12,130 _ 5 , t o

T0TAL RESOURCES 464,055 l, 367,311 454,131 508,381 291,032 271,673 929,259 294,302 168,326 295,44s 192,786 435,013 6,171,747

( a )

(b)

I n c l u d e s b i l l s d i s c o u n t e d f o r o t h e r F^E*Banks, v i z : I n c l u d e s b a n k e r s 1 a c c e p t a n c e s b o u g h t f r o m o t h e r P . E . B a n k s :

With t h e i r endorsemen t W i t h o u t t h e i r endorsement

2,500 - 19,500 47,675 7,470

- - - - 14,115 4,639 - is, 574 - - 376 1,336

- 12,000 5 9 , 1 4 5

5 , 0 6 5 - 2 3 , 8 1 9 990 - 3,580 24,906

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 4: St. 57 5' STATEMENT FOE THE PRESS Released, for ... · St. 57 5' STATEMENT FOE THE PRESS Released, for publication Federal Reserve Board Sunday morning, Jan. 25, 1920; January 24,

R e l e a s e d f o r p u b l i c a t i o n Sunday RESOURCES A:

morn ing , J anua ry 25, 1920; n o t e a r l i e r . H) LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE

( i n t h o u s a n d s of d o l l a r s ) A B I L I T I E S

OF JSINESS JANUARY 23, 1920.

F e d e r a l Rese rve "bark of C a p i t a l p a i d - i n S u r p l u s Government d e p o s i t s Due bo " embe r s -Rese rve a c c o u n t D e f e r r e d a v a i l a b i l i t y i t e m s 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 T o t a l g r o s s d e p o s i t 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 F . R . b a n k 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 A l l o t h e r l i a b i l i t i e s

TOTAL LIABILITIES

Bos ton 7 , 1 0 5 2 , 3 5 5 3 , 5 4 2

1 1 4 , 1 5 4 6 6 , 3 4 s

L I P h i l a . C l e v e l .

7 , 8 9 9 9 , 5 3 3 3 , 3 0 5 9 , 0 3 9 4,501 6,595

713 ,116 101 ,925 1 3 3 , 5 6 4 163,007 73 ,360 64 ,649

New York 22 ,397 45,032 4 7 , 5 7 1

Richrn- A t l a n t a 4 , 3 9 7 3 , 4 5 6

Chicago S t . L o u i s Minn, Kans .Cv-

5 ,320 1 , 6 7 5

60 , 124 7 0 , 2 5 6

4 , 6 9 5 3 , 9 9 3

5 5 , 7 4 3 4 2 , 1 3 3

12, . 376 14 ,292

4 , 9 7 5 271 ,139

9 1 , 3 2 9

4 , 0 3 1 3 , 7 2 4 2 , 1 0 6

72 ,692 5 7 , 3 4 1

3 , 1 0 7 3 , 5 6 9 1 , 5 4 3

51 ,233 14 ,643

4 , 0 2 1 6 , 1 1 6 1 , 3 2 5

9 4 , 9 5 9 6 4 , 2 1 5

S t . 375c

D a l l a s San F r a n . T o t a l 3 , 4 1 7 5 , 3 0 0 3 7 , 5 2 9 3 , 0 3 0 7 , 5 3 9 1 2 0 , 1 2 c 2 , 1 0 5 5 ,517 9 0 , 4 4 3

63 , 533 121 ,307 1 ,359,1^-9 3 5 , 2 6 1 4 7 , 1 3 5 7 9 5 , 7 3 2

6 ,110 42 ,344 6 ; 9 3 7 6 , 0 6 s 1 9 5 , 6 5 4 230 ,999

20 ,436 1 , 4 5 2

976 ,53s 137 ,273 2107876 135 ,690 104 , 761 7615 64-3 220 ,261 255 ,537 132,607 142 ,770

3»635 2 , 3 3 7 9 , 5 7 0 3 , 3 1 9 2 , 3 6 2 3 , 7 1 0 2 , 1 6 7 4 , 9 3 3 9 5 , 0 9 7 ' ' " 173 ,997 2 , 3 4 0 , 4 7 6 377 ,013 135 ,952

4 3 1 , 5 9 3 133 ,849 7 0 , 3 3 6 164=209 3 2 , 4 6 8 100 ,723

50,959 23 ,107 2 1 , 9 1 5 10 ,692 1 :786 1 , 3 3 1

11 ,912 1 5 , 4 3 2 606

4 5 5 , 0 5 5 1 , 3 6 7 , 3 1 1 454 ,131 503 ,331 291 ,032 2 7 1 , 6 7 3

4 0 , 7 5 0 3 , 2 6 5

1 5 , 7 3 6 904

8 , 1 6 4 632

1 9 , 4 2 7 947

1 0 3 , 1 2 1 7 2 , 5 9 1

1 0 , 0 3 1 J526

929,239 2 9 4 , 3 0 2 163 ,326 295 ,443 132 ,736

2 2 9 , 1 3 1 2 , 3 4 4 , 2 2 7

1 1 , 3 7 4 2 5 4 , 3 4 3 1 , 6 7 2 2 4 , 4 9 2

435 ,013 6 , 1 7 1 , 7 4 7

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 -D i s c o u n t e d p a p e r r e d i s c o u n t e d

w i t h o t h e r F . R. baxiks B a n k e r s ' a c c e p t a n c e s s o l d t o

o t h e r F . R. Banks 23 ,819

F . R. Notes o u t s t a n d i n g 2 4 1 , 9 9 ° F . R. Notes h e l d by bank 10 ,997 F . R .Notes i n a c t u a l c i r c u l a t i o n 230 ,999

B i l l s d i s c o u n t e d B i l l s bought 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

43 ,700 3 1 , 6 9 5

M E M 0 R A N D A

10,000 3 , 7 5 0

FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION

3 9 , 1 4 5

2 3 , 3 1 9

905 ,595 223 , 790 2 6 3 , 7 2 0 136 ,771 1 4 7 , 3 5 1 515,247 1 5 5 , 6 6 s 3 4 , 5 3 5 107 ,437 7 6 , 3 2 1 2 7 6 , 6 2 5 3 , 1 4 6 , 1 5 6 l 4 l . q % 3 .529 1 1 . 1 1 1 4 . 1 6 4 5 ,031 1 1 , 6 ^ 4 2 1 . 8 1 9 2 . 1 1 7 6 . 759 4*230—42,494 301 ,929 761 ,643 220 ,261 255 .537 132 ,607 142 ,770 431 ,593 133 ,849 3 2 , 4 6 3 1 0 0 , 7 2 s 7 2 , 5 9 1 229 ,131 2 , 3 4 4 , 2 2 7

DISTRIBUTION OF BILLS AND U. S , CERTIFICATES OF INDEBTEDNESS BY MATURITIES

W i t h i n 15 days l 6 t o 30 days 31 t o 60 d a y s 6 l t o 90 days

1 , 3 2 3 , 9 1 7 1 2 2 , 4 i l

1 1 , 2 9 3

2 1 7 , 1 4 2 1 1 6 , 0 0 4

5 , 1 3 6

2 9 3 , 9 0 1 229 ,157 io,s6s

2 3 3 , 0 4 3 103 ,217

6 , 1 0 0

Over 90 days

2 0 , 4 5 5

2 4 3 , 3 6 8

T o t a l

2,153,45s 575,739 2 7 6 , 7 6 5

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 5: St. 57 5' STATEMENT FOE THE PRESS Released, for ... · St. 57 5' STATEMENT FOE THE PRESS Released, for publication Federal Reserve Board Sunday morning, Jan. 25, 1920; January 24,

f l e a s e d f o r p u b l i c a t i o n Sunday morning, January 25, 1920; n o t e a r l i e r . S t . S75d

JEDERAL RESERVE NOTES: Rece ived f rom Compt ro l l e r

V Re tu rned t o Comptro l le r

Chargeable t o F.R- Agent

I n hands of F . R» Agent

I s s u e d t o F . R . bank l e s s amount r e t u r n e d to F .R , Agent f o r redempt ion

•COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold and gold c e r t i f i c a t e s

on hand

Gold redempt ion f u n d

Gold s e t t l e m e n t f u n d , F .R . Board

E l i g i b l e pape r , minimum r e q u i r e d

To ta l

AMOUNT OF ELIGIBLE PAPER DELIVERED TO F,R,AGENT

FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS JANUARY 23, . 1920. ( In thousands of d o l l a r s )

Boston New 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 Minn. Kans.Cy. D a l l a s San F r a n . T o t a l

1+79,900 2,008,720 510,780 456,240 305,860 299,500 854,120 299,600 154,080 207,300 145,950 419,880 6,172,260

277,776 1,016,315 257,550 300,380 167>524 199.156 5^0,397 177,965 94,655 115,737 94 ,801 283,575 3 ,526 ,764

35 ,780 110,720 29,060 31,660 31,053 51,305 25,150 22,300 10,100 8,250 17,950 7,250 350,608

241,996 905,595 228,790 265,720 136,771 147,551 515,247 % 6f8_ _ 3 4 ^ 1 107 457 76,821 276,625 3,146,156

153,740 - 34,025 - 2,500 4,000 13,052 8,531 - 2 4 6 , l 4 g

13,259 9,475 13,174 13,945 2,730 3 ,337 5 ,35S 3,4144 2,677 3 ,400 3 ,879 14,265 9 L 9 7 S

61,000 90,000 61,559 30,000 39,000 52,000 206,144 46 ,931 19,300 32,860 19,484 79,526 788,134

167,707 622,377 1*3,727 140,747 95,041 90,03,4 300,745 3.01,293 49,556 71,227 44,627 152,534 2,019,595

241,996 905,595 225,790 268,720 136,771 147,851 515,247 155,66s 84,555 107,457 76,821 276,625 3,146,156

184,244 961,953 152,576 196,420 104,153 107,050 396,864 114,302 58,663 101,302 65,653 194,300 2,667,820

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis