The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEIGITT 102 TH* PPJBSS Released f o r p u b l i c a t i o n F r i d a y morning, Apr. 13; not e a r l i e r . S t . 5746 , F e d e r a l Reserve Board, A p r i l 12, 1928. CONDITIO? OF FEDERAL' I3S:;RVE BAMS The c o n s o l i d a t e d s t a t e m e n t of c o n d i t i o n of t h e F e d e r a l r e s e r v e hanks on A p r i l 11, made p u b l i c by t h e F e d e r a l Reserve Board, shows i n c r e a s e s f o r t h e week of $ 1 7 , 2 0 0 , 0 0 0 i n h o l d i n g s of d i s c o u n t e d b i l l s , of $18,000,000 i n b i l l s bought i n open m a r k e t , of $31,500,000 i n member bah!: r e s e r v e d e p o s i t s and of $4,700,000 i n c a s h r e s e r v e s , and d e c l i n e s of $5,200,000 i n h o l d i n g s of Government s e c u r i t i e s and of $12,200,000 i n F e d e r a l r e s e r v e n o t e c i r c u l a t i o n . T o t a l b i l l s and s e c u r i t i e s were $29,900,000 above the amount h e l d on A p r i l 4. The p r i n c i p a l changes i n h o l d i n g s of d i s c o u n t e d b i l l s d u r i n g t h e week were i n c r e a s e s of $13,100,000 a t t h e F e d e r a l Reserve Bank of C l e v e l a n d , $10,300,000 a t P h i l a d e l p h i a , and $5,900,000 a t B o s t o n , and d e c r e a s e s of $18,100,000 a t Chicago and $ 6 , 3 0 0 , 0 0 0 a t San F r a n c i s c o . The S y s t e m ' s h o l d i n g s o f " b i l l s bought i n open market i n c r e a s e d $18,000,000, of U. S. Bonds $400,000 and of 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 $ 6 , 6 0 0 , 0 0 0 , while h o l d i n g s of T r e a s u r y notes declined $12,200,000. F e d e r a l Reserve note c i r c u l a t i o n d e c r e a s e d *12;200,000 d u r i n g t h e week, t h e p r i n c i p a l changes b e i n g d e c l i n e s of $14,600,000 a t New York and $3,500,000 a t P h i l a d e l p h i a and i n c r e a s e s of $6,100,000 a t C l e v e l a n d and $2,900,000 a t San F r a n c i s c o . A summary of changes i n t h e p r i n c i p a l a s s e t s and l i a b i l i t i e s of the r e s e r v e banks d u r i n g t h e week and t h e y e a r e n d i n g A p r i l 11, 1-928, f o l l o w s : Increase or decrease Week Total reserves Gold r e s e r v e s + $4,700,000 + 5,300,000 . . . . . T o t a l b i l l s and s e c u r i t i e s B i l l s discounted, t o t a l Secured by U.S. Govt, o b l i g a t i o n s Other b i l l s d i s c o u n t e d B i l l s bought i n open market . . . U. S. Government s e c u r i t i e s , t o t a l Bonds Treasury notes 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 . . during Year - - $278,300,000 281,800,000 318,900,000 192,900,000 - 23,600,000 + + + + + 18,000,000 + 104,900,000 + + 29,900,060 + 17,200,000 + 40,800,000 142,600,000 50,300,000 - 12,200,000 + 4- 6 , 6 0 0 , 0 0 0 - 22,700,000 21,500,000 62,900,000 18,800,000 Federal reserve notes i n c i r c u l a t i o n - 12,200,000 - 155,100,000 Total deposits Members' r e s e r v e d e p o s i t s Government d e p o s i t s + 4 3 ,5 0 0 ,0 0 0 + + 171,200,000 + 31,500,000 + - . . . . - + 5,200,000 *400,000 9,200,000 - 167,500,000 3,600,000 Released f o r p u b l i c a t i o n Friday morning, April 13, 1928; not e a r l i e r . St. 5746a BESOURCES AMD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAITKS COi.3INED ( I n thousands of d o l l a r s ) Apr. 11.1928 Apr. 4.1928 1,287,089 57,383 1,247,059 58,84l 1,628,860 48,740 1,344,472 1,305,900 1,677,600 750,575 653,750 794,067 643,562 622,994 730,049 2,748,797 163,864 2,743,529 164,442 3,030,643 160,280 2,912,661 67,115 2,907,971 61,504 3,190,923 61,480 391,357 227,322 618,679 350,602 250,874 601,476 248,744 177,023 361,595 343,636 56,609 151,763 169,644 378,016 56,233 163,947 163,052 383,232 990 355,344 2,500 570 660,197 59,375 10,396 1,329,334 570 674,074 59,274 10,131 i,o4o,335 659 734,298 58,561 13,022 5,069,594 5,042,858 5,099,27s 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 Be 0 0 s i t s : Member bank - r e s e r v e account Government Foreign bank . . Other d e p o s i t s 1,588,769 1,601,010 1,743,827 2,432,311 19,195 7,291 19,644 2,400,808 9,980 5,310 18,889 2,264,762 22,842 4,697 14,966 Total deposits Deferred a v a i l a b i l i t y items Capital paid i n Surplus All o t h e r l i a b i l i t i e s . . . 2,478,441 616,919 137,145 233,319 15,001 2,434,987 623,648 135,731 233,319 14,163 2,307,267 678,127 128,280 228,775 13,002 TOTAL LIABILITIES 5,069,594 5,042,858 5,099,27s RESOURCES Gold with F e d e r a l r e s e r v e a g e n t s . . . . Gold redemption f u n d with U.S. Treasury Gold h e l d e x c l u s i v e l y a g a i n s t F . R . n o t e s Gold s e t t l e m e n t f u n d with F. R. Board Gold and gold c e r t i f i c a t e s h e l d by banks T o t a l gold r e s e r v e s Reserves o t h e r t h a n g o l d Total reserves Mon-reserve cash B i l l s discounted: Sec. by U. S. Government o b l i g a t i o n s Other b i l l s d i s c o u n t e d Total b i l l s discounted . . . . B i l l s bought i n open market t|. S. Government s e c u r i t i e s : Bonds . . . . Treasury n o t e 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 . . . . T o t a l U.S. Government s e c u r i t i e s Other s e c u r i t i e s T o tal b i l l s and s e c u r i t i e s Due from f o r e i g n banks . . . . . . Uncollected items Bank premises All o t h e r r e s o u r c e s . . . . . . . TOTAL RESOURCES . . . . 990 1,359,280 425,767 256,724 78,099 88,836 188,409 L I A B I L I T I E S •"•atio of t o t a l r e s e r v e s t o d e p o s i t and F. R. note l i a b i l i t i e s combined . . . 11.6% 72.1$ 78.8# Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents 242,373 242,084 148,269 c. EE SOURCES MD LIABILITY US OF THE FEDERAL ( i n thousands RESOURCES Total Boston lTe77 York F h i l a . 222,562 102,402 Gold with F e d e r a l Reserve Agents 1,227,089 76,909 14,152 I P . ' 2 3 Gold redemption fund with U . S . T r e a s . 57)383 7.279 Gold h e l d e x c l u s i v e l y a g a i n s t 1,344,472 Fc R. n o t e s Gold s e t t l e m e n t f u n d vzith F.R.Board 750,575 T o t a l gold r e s e r v e s R e s e r v e s other than gold T o tal r e s e r v e s 24,722 53,303 2,748,797 163,521 163,264 15,173 2,912,661 172,754 RESERVE BAtTICS ON APRIL 11, 1922 St. 5746b of d o l l a r s ) Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. Dallas San Fran. 26,007 183,56c 1 4 5 , 6 4 9 4 4 , 9 2 1 1 2 5 , 6 5 7 2 1 6 , 2 3 0 36,211 51,379 48,996 4,108 1,498 1,723 1,036 2,133 3,723 1,424 2,426 4,912 242,720 114,525 149,432 297,475 32,092 61,701 46,405 128,143 221,142 22,094 2,351 159>18 40,919 20,341 52,277 13,032 50,779 29,412 424,591 10,029 50,290 11,232 5,431 6,242 27,043 125,693 12,942 22,402 2,950 31,063 72,528 i 4 6 , 4 i 4 431,456 73,092 71,340 86,433 54,941 245,164 ]0,521 19,222 14,156 3,514 7,032 29,049 1 6 2 , 4 2 5 4 5 0 , 6 7 2 4,221 6,901 5,150 87,242 74,254 93,465 4,772 1,722 2,205 3,022 4,194 12,754 13,049 6,200 12,432 6,264 3,024 4,i48 43,626 7,53s 25,203 3,026 7,520 14,429 19,296 7,172 12,475 13,222 51,164 22,855 4,519 6,577 12,190 7,073 11,024 7,215 7,102 9,071 55 17,459 13,487 30,347 23,994 31,001 25,267 43,445 964,726 178,484 254,578 34,412 7,519 13.234 999,198 186,003 262,412 67,115 5,592 22,207 2,319 4,204 391,357 227,322 20,906 l43,204 63,239 4i, 9 ^ 13>694 42,704 Total "bills discounted B i l l s "bought i n open market U. S. Government s e c u r i t i e s : Bonds Treasury notes 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 618,679 45,472 53,547 207,043 55,634 25,449 12,113 24,143 44,515 T o t a l U.S. Govt, s e c u r i t i e s Other s e c u r i t i e s 372,016 990 19,240 70,042 "Ton-reserve cash B i l l s discounted: Secured "by U.S. Govt, o b l i g a t i o n s Other "bills d i s c o u n t e d T o t a l t i l l s and s e c u r i t i e s Dae from f o r e i g n "banks U n c o l l e c t e d items Bank premises All other resources TOTAL RESOURCES 361,595 56,609 151,763 169,644 24,566 707 7,020 — 119,154 1,324 — 9,920 16,071 8,107 22,901 9,383 24,437 46,477 63,644 30,211 31,008 33,820 15,037 71,043 32,962 525 13,950 12,502 505 32,737 13,724 1,153 2,422 4,129 44 4,664 3,813 14,475 25,097 7,125 14,129 7,929 33,037 46,966 7,770 8,521 60,099 29,243 - 20,940 - 12,56s - - 24,566 20,527 - - 1,320 6,060 17,156 990 - 10,122 12,288 65,063 257,452 - - 396,239 114,120 l 4 l , 4 2 1 51,346 57,372 170,104 52,132 40,155 62,118 44,382 105,020 1,359,220 118,259 18 17 35 13 62 21 21 25 217 47 51 570 37 4 1 , 4 5 2 24,532 l 4 , 6 o o 35,251 7 7 , 2 2 2 33,322 660,197 6 3 , 6 6 9 . 1 7 2 , 1 7 9 54,609 59,347 53,956 29,374 1,210 2 , 2 0 2 4,308 3,377 3,292 8,720 2,829 3,244 6,865 16,542 3,224 1,756 59,375 1,090 632 1,006 536 1,402 1,267 727 1,192 396 129 1,952 67 10,396 5,069,594 370,802 1,608,540 352,923 421,492 203,166 258,310 715,026 188,120 134,552 192,501 1 3 9 > 7 0 412,626 EESOU&CSS AND LIABILITIES OF THE F£DT,BAL EE SEE!® BASKS ON APBIL 11, 1928 S t . 5746c ( i n thousands of d o l l a r s ) To t a l Boston New York P h i l a . Cleve. Rich. 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 Fran* F.E.notes in actual circulation 1,588,769 121,551 336,101 127,268 1 9 5 , 7 7 2 5 9 , 4 6 2 144,096 246,152 52,975 57,258 57,074 34,369 156,691 Dope si t s : vumber "bank - r e s e r v e account 2,432,311 155,816 9 9 5 , 2 2 2 142,670 185,984 69,108 67,896 341,552 8 2 , 7 0 9 53,508 91,952 65,197 1 8 0 , 6 9 7 Government 19,195 1,842 5,245 1,187 526 1,534 3,075 1,147 566 890 845 1,365 973 F o r e i g n "bank 7,291 360 3,843 456 500 245 202 667 206 130 168 173 341 Other d e p o s i t s 19,644 109 9,203 67 1,171 171 34l 1,759 667 26_ 5,459 356 315 Total deposits 2,478,441 158,127 1 , 0 1 3 , 5 1 3 144,380 188,181 71,058 71,514 345,125 83,837 54,843 93,637 66,756 187,470 Deferred a v a l a b i l i t y items 616,919 62,702 149,518 51,144 57,575 53,179 26,979 69,981 34,709 11,475 33,917 25,078 40,662 Capital paid in 137,145 9,592 42,545 13,721 14,257 6,251 5,177 18,136 4,24i 5,304 3,027 4,311 10,583 Surplus 233,319 17,893 63,007 21,662 24,021 12,324 9,996 32,778 10,397 9,o46 7,039 8,527 16,629 .VI1 o t h e r l i a b i l i t i e s 15,001 943 3.856 808 1.68b 892 548 2,854 898 42Q 910 586 53JL. TOT XL LI ABILITIES 5 , 0 6 9 , 5 9 4 370,808 1 , 6 0 8 , 5 4 0 358,983 481,492 203,166 258,310 715,026 188,120 1 3 4 , 5 5 2 198,501 139,470 412,626 Heserve r a t i o (per c e n t ) 71.6 74.0 63.9 68.5 69.9 68.2 75.4. 76.2 63.8 66.8 62.0 64.3 74.8 Contingent l i a b i l i t y on b i l l s p u r chased f o r f o r e i g n c o r r e s p o n d e n t s 242,373 18,122 68,884 22,955 25,129 1 2 , 3 2 3 10,148 33,586 1 0 , 3 9 0 6,524 8,699 8,457 17,156 7. B , n o t e s on hand ( n o t e s r e e ' d from F.k, Agent l e s s n o t e s i n c i r c u l a t i o n ) 331,183 21,335 131,086 2 9 , 1 3 4 24,289 1 9 . 0 2 3 29,531 44,967 9,031 6,328 8,3*19 7,057 51,053 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL EE SERVE AGENTS 3T B,.notes roc 1 d from Comptroller 2,823,286 229,596 751,907 1 7 6 , 5 0 2 259,141 104,608 234,627 4 4 o , 6 i 9 80,556 79,045 102,433 63,808 300,444 F . E . n o t e s h e l d by F. B. Agent 853,334 86,710 284,720 20,100 39,030 26,123 6 1 , 0 0 0 149,500 18,550 1 5 , 4 5 9 37,010 22,382 92,700 F< B„notes i s s u e d to F.E.Bank 1 , 9 6 9 , 9 5 2 142,886 467,187 1 5 6 , ^ 2 220,061 78,485 173,627 291,119 62,006 6 3 , 5 8 6 65,423 41,426 207,744 C o l l a t e r a l h o l d as s e c u r i t y f o r ? . B . n o t e s i s s u e d to F.E.Bank: Gold and gold c e r t i f i c a t e s 413,841 35,300 205,150 42,600 3 1 , 0 2 1 20,000 8,300 14,167 17.303 k>,ooo Gold redemption f u n d 95,943 13,609 18,418 9,425 13,049 4,4oo 6,457 1,230 1,011 2,212 3,136 2,704 20,292 Gold f u n d - F. E. Board 777,305 28,000 5,000 92,977 90,000 9,500 99,200 215,000 27,500 3 5 , 0 0 0 45,860 6 , 0 0 0 123,268 E l i g i b l e paper 928,547 99,019 3 0 0 , 3 0 4 6 5 , 0 6 2 9 2 , 9 0 4 3 8 , 1 4 7 48,372 109,875 27,521 21,908 31,496 20,093 73,846 Total c o l l a t e r a l 2 , 2 1 5 , 6 3 6 175,928 5 2 8 , 8 7 2 1 6 7 , 4 6 4 238,553 8 3 , 0 6 8 174,029 326,105 6 4 , 3 3 2 73,287 8 0 , 4 9 2 46,100 257,406 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 91 days to Total Within 15 days l 6 t o 30 days 31 t o 60 days Over 6 months 6 l to 90 days 6 months B i l l s discounted 618,679 40,831 515,987 23,930 27,689 7,527 2,715 B i l l s bought i n open market 163,852 61,176 361,595 58,903 73,968 3,696 C e r t i f i c a t e_s of ..indebtedness 169,644 3,425 164^446 1,773 C. L I A B I L I T I E S
@FedFRASER