Salt Lake Telegram | 1922-02-17 | Page 11 | Lower Discount Rate Expected

RAM LOWER DISCOUNT RATE EXPECTED I Be-I Res Reserve Banks It Is Believed Be Be- Will Wil Make Reduction Redu I lion ion Within a Month NEW EW YORK Feb 17 The The weekly report I of ot the federal reserve banks banis at the close of February 15 16 Is la so eo favorable hat it i la Is generally expected that following the I Manic Dank o of England's reduction to 4 43 per percent percent cent Jn Jo Us Ito Is discount rate a a. further reduction tion ton to o 0 4 per pel cent will wll be announced by I the large of or the federal reserve regional banks The reduction however may be bo postponed until after ater the March Income tax payments I The report of the federal reserve board In thousands t of dollars dolar follows I RESOURCES Gold and and go gold 11 certificates certificates' ates I Gold settlement fund federal reserve serve board re re- I GOT Total t gold I held l by banks s Gold with lf federal t 1 bis biss reserve l Gold redemption fund i li Tr Te tal gold reserves 4 Legal tender notes silver siver etc I Total reserves Bills d discounted i led tl d. d Se Secured by United States Stat s govern govern- govern 1 ment tent obligations 4 All Au Al other other Bills bought in open market bills on hard hand 8 United States bonds and notes note United States certificates of ofin- ofin In Indebtedness none n- n edn one year One certificates I act Pitman All Al act other Municipal warrants warrant Total earnings assets Bank premises v Five per per 8 cent redemption fund funO against federal reserve bank bankI banknotes banknotes I notes 1030 Uncollected Items All Al other resources Total resources rI LIABILITIES Capital Capiti 1 paid in 8 Surplus J. J Reserved fo fox for government franchise fran chise tax 1504 1504 Deposits government Deposits government Member banks' banks reserve account All Al other Total deposits I Federal reserve notes in actual Dil Deferred circulation t availability I net nt liabilities Items s 4 All Al other liabilities Total liabilities Ratio of ot total reserves to deposit and federal reserve o note nete liabilities combined per cent