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STAtMiMT FOR THE PRESS Released f o r p u b l i c a t i o n Friday morning, Apr. 15; not e a r l i e r . St. 5335 ' Federal Reserve Board, April l 4 , 1927. CC3DITIC3 OF FEDERAL RESFIRVE BANKS The c o n s o l i d a t e d statement of c o n d i t i o n of the Federal r e s e r v e "banks on April 13, 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 $54,700,000 i n b i l l and s e c u r i t y h o l d i n g s , $32,300,000 i n member bank r e s e r v e d e p o s i t s , $l6,400,000 i n F e d e r a l r e s e r v e note c i r c u l a t i o n , and $7,500,000 i n cash reserves. Holdings of a l l c l a s s e s of b i l l s and s e c u r i t i e s . were h i g h e r t h a n a week ago - d i s c o u n t e d b i l l s by 523,800,000, acceptances purchased i n open market by $17,500,000, and Government s e c u r i t i e s by $13,400,000. The Federal Reserve Bank of Hew York r e p o r t s an i n c r e a s e f o r the week of $40,000,000 i n d i s c o u n t h o l d i n g s and Cleveland an i n c r e a s e of $6,700,000, while the Chicago bank r e p o r t s a d e c l i n e of $22,200,000 in d i s c o u n t s . The jew York bank a l s o shows an i n c r e a s e of $19,700,000 i n open-market acceptance h o l d i n g s and the Boston bank r e p o r t s a d e c l i n e of $4,000,000. The System's h o l d i n g s of Treasury c e r t i f i c a t e s i n c r e a s e d $6,700,000, of Treasury n o t e s $3,500,000, and of U. S. bonds $3,200,000. The p r i n c i p a l changes i n F e d e r a l r e s e r v e note c i r c u l a t i o n f o r the week comp r i s e i n c r e a s e s of $11,200,000 and $10,200,000, r e s p e c t i v e l y , r e p o r t e d by the P h i l a d e l p h i a and Cleveland r e s e r v e banks, and a d e c l i n e of $5,900,000 r e p o r t e d by .Tew York. 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 during t h e week and t h e y e a r ending A p r i l 13, 1927, f o l l o w s : Increase or decrease Week Total r e s e r v e s . . Gold r e s e r v e s + $ 7,500,000 + . 7,700,000 Total 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 + + + - 54,700,000 23,200,000 35,400,000 11,600,coo . . . . + 17,500,000 U. S. Government s e c u r i t i e s , t o t a l . 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 . . . + + + + 13,400,000 '3,200,000 3,500,000 6,700,000 Federal r e s e r v e n o t e s i n c i r c u l a t i o n . + i6,4oo,ooo Total d e p o s i t s 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 + + + 41,800,000 32,800,000 9,300,000 B i l l s bought i n open market during Year + $252,100,000 + ?4s,900,000 - 201,900,000 151,500,000 sS,000,000 65,500,000 - 17,300,000 — - + 21,700,000 16,100,000 54,600,000 49,000,000 + 62,700,000 — - — - 39,900,000 18,500,000 20,400,000 Released f o r p u b l i c a t i o n F r i d a y morning, A p r i l 15, 1927; not e a r l i e r . St. 5335a BE SOURCES MD LIABILITIES OF THE TWELVE FEDERAL RESERVE BMXS COMBINED ( I n t h o u s a n d s of d o l l a r s ) Apr. 13,1927 Apr. 6 . 1 9 2 7 Apr. 14,1926 R E S O U R C E S Gold w i t h 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 w i t h U.S. T r e a s u r y . . 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 o m e n t f u n d w i t h F. R. Board . . . Gold and g o l d c e r t i f i c a t e s h e l d "by "banks . . 1,628,860 48,740 1,630,855 45,304 1,335,430 52,815 1,677,600 1,676,159 1.438,245 613,278 733,509 622,994 730,049 3,022,946 3,030,643 Reserves other than gold . 157,017 3,133,436 2,938,805 59,972 62,838 248,722 177,O45X^ 213,306 188,642 334,735 242,549 425,767 401.948 577,284 256,724 239,221 274,058 78,099 88,836 188,409 74,870 85,377 181,688 94,136 143,465 139,415 355,344 341,935 2,500 377,016 61,480 . . Total "bills discounted . . . . . . . U. S. Government s e c u r i t i e s : T o t a l U. S. Government s e c u r i t i e s . 2,781,788 160,490 160,280 3,190,923 B i l l s discounted: • Secured "by U. S. Government o b l i g a t i o n s 715,880 627,663 2,500 uu/ 5,185 8.700 1,242,243 1,040,335 985,6o4 659 734,298 58,561 13.022 659 643,961 53,558 12,982 . . . 5,099,278 4,945,172 5,088,459 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 1.743,827 1,727,429 1,681,096 2,264,762 22,842 4,697 14,966 2,231,951 13,527 4,925 '•lfj,o64 2,283,222 43,280 4,576 16,074 2,307,267 2,265,467 2,347,152 Total "bills and s e c u r i t i e s . . . Due f r o m f o r e i g n "banks All other resources TOTAL RESOURCES 643 768,248 59,481 16,201 L I A B I L I T I E S Deposits: Member "bank - r e s e r v e a c c o u n t F o r e i g n "bank Deferred a v a i l a b i l i t y items TOTAL LIABILITIES R a t i o 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. n o t e l i a b i l i t i e s combined . . . . C o n t i n g e n t l i a b i l i t y on b i l l s p u r c h a s e d f o r foreign correspondents http://fraser.stlouisfed.org/ C. Federal Reserve Bank of St. Louis . 678,127 128,280 228,775 13,002 532,633 128,212 228,775 12,656 5,099,278 4,945,172 703,600 120,898 220,310 15,403 5,088,459 78.8% 13-1% 73.0$ 148,269 147,819 68,202 R E S O U R C E S RESOURCES AHD LIABILITIES OF THE FEDERAL RESERVE BAMS OH APRIL 13, 1927. ( i n t h o u s a n d s of d o l l a r s ) Boston Gold w i t h F e d e r a l Reserve Agents 119,172 Gold r e d e m p t i o n f u n d w i t h U . S . T r e a s . 4 , 9 2 8 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 124,100 Gold s e t t l e m e n t f u n d w i t h F.R.Board 5 6 , 9 2 2 Gold and g o l d c e r t i f . h e l d by b a n k s 3 0 , 4 9 4 Total gold reserves Reserves other than gold Total reserves Inn-reserve cash "Bills discounted: Secured by U . S . G o v t , o b l i g a t i o n s Other b i l l s discounted Total b i l l s discounted Hew York Phi l a . CI eve. 363,417 125,189 1 9 6 , 1 3 3 13,223 11,420 2.643 R i c h . A t l a n t a Chicago S t . L o u i s 6 4 , 0 0 5 169,132 234,251 1.539 2.150 3.446 168,269 48,947 482,868 27.696 40,434 55,724 33,095 4.530 60,857 1.215 63,394 1.967 Total 3 4 , 3 4 0 177,324 1 , 6 2 8 , 8 6 0 1.500 3.198 48.74o 21,031 l 4 4 , 9 l 6 4.390 54.194 18,175 l 4 , l l 4 13.410 6.913 2 7 , 0 6 5 18,701 31,325 7 . 7 1 2 ' 8 . 9 1 2 33.186 622,994 730.049 211,516 1 , 0 2 7 , 7 7 7 213,252 2 9 4 , 9 3 4 103,169 196,709 436,857 54,686 83,099 100,15s 63,453 245,033 3 , 0 3 0 , 6 4 3 22,702 33,836 6,174 9,971 8 , 9 1 7 1 1 , 6 1 2 22,696 19,008 4,l40 5,685 7,515 8,024 160.280 234,218 i , o 6 i , 6 i 3 219,426 3 0 4 , 9 0 5 112,086 208,321 459,553 73,694 6,536 14,595 1,724 3,951 5,653 4,763 ll,4l6 13,554 106,847 36,360 22,369 14.518 38,272 13,248 6,302 13,278 2,756 24.930 24,970 143,207 36,887 51,520 19,580 ,2,831 9,346 , 21,053 i0 103 24,921 5 , 3 3 4 394 ' 6 , 1 9 5 8,487 .786 20.705 13.838 22,458 76,542 11,372 2,094 1,782 6,661 14,717 30,041 45,684 1,200 3 , 9 8 3 4,653 9,977 13,834 22,664 1,918 826 4,355 Total U.S.Govt, s e c u r i t i e s Other s e c u r i t i e s 10,537 90,442 19,687 36,624 7,099 T o t a l b i l l s and s e c u r i t i e s Dae f r o m f o r e i g n b a n k s Uncollected items Bank p r e m i s e s All other resources 57,965 72,447 3,946 4q '."inn. Kans.Cy. D a l l a s San F r a n . 376,64o 136,609 198,776 65,544-171,288 237,747 23,101 62,072 65,361 3 5 , 8 4 0 180,522 1,677,600 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 TOTAL RESOURCES 21,640 1.46l S t . 5335b 2.500 20,209 - 3,283 - 9,897 3,539 ^ l 4 , 9 Q f ^ 5,218 23.6T& 7.613 51, 821 - 87,239 1 0 5 , 8 4 3 70,96s 253,057 3,190,923 1,518 2,521 3,002 2,176 3.205 3,423 7.176 1,371 2.592 33,665 16.899 61,480 yy 248,722^ 177.045 5,381 10,599 3,963 50,564 425,767] 7,680 12,028 9,250 23,996 5,615 9 , £ 3 7 4,246 3 , 1 7 9 6 . 6 8 1 14.579 3,781 4,654 3,723 6,306 12,750 1 4 . 0 2 3 22.599 27,659 16,542 27,595 24,983 ; 3 9 , 0 7 2 - - - 256,724/ a? J 78,099 88,836 188,409 355,344 2.500 3 1 0 , 1 9 1 70,446 1 0 8 , 3 5 3 36,025 4 2 , 5 8 1 121,578 61,543 29,603 50,222 38,196 113,632 1 , 0 4 0 , 3 3 5 659 _ _ „ „ _ _ 650 190,674 62,570 69,688 56,898 3 1 , 3 7 5 8 7 , 8 0 2 3 5 , 6 3 1 13,449 4 3 , 0 4 1 27,922 42,801 734,298 16,276 l , 7 l 4 7,119 2,152 2,898 8 , 0 3 8 3,957 2,774 4,459 1,752 3,476 58,561 2,473 251 l,04g 378 1,879 2.200 987 1.823 477 329 1.128 13.0?? 3 7 5 , l 6 l 1 , 5 9 6 , 4 8 1 356,131 4 9 5 , 0 6 4 213,192 291,817 689,06s 179,351 136,406 206,563 142,169 417,875 5 , 0 9 9 , 2 7 8 s t . 5335c HE SOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON APRIL 13, 1927( I n thousands of d o l l a r s ) L I A B I L I T I E S 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. T o t a l Boston New York P h i l a . Cleve. 128,668 F.R.notes in actual circulation 64,357 66,368 38,539 171,348 1,743,827 415,353 127,642 214,408 69,335 175,128 229,357 43,324 Deposits: 901,495 132,662 175,091 67,937 68,51s 325,35% 82,207 47,136 86,509 59,562 171,750 2,264,762 Member bank - r e s e r v e account l46,491 22,842 1,225 1,731 1,065 1,021 2,680 1,093 1,513 6,027 1,999 464 2,499 Government 1,525 184 368 216 725 226 158 194 4,697 897 505 557 273 F o r e i g n "bank 39% i4.Q66 132 203 7,418 324 1,145 66 6l 1,057 302 Other d e p o s i t s 87 5 1 4,116 Total deposits 148,497 915,837 135,^90 177,257 70,825 71,475 328,229 84,248 48,562 37,856 61,026 177,965 2,307,267 D e f e r r e d a v a i l a b i l i t y items 678,127 71,043 162,222 58,360 64,514 53,927 30,021 79,921 35,623 11,920 38,492 29,637 42,442 128,280 6,166 5,021 16,979 3,oo4 4,207 4,273 Capital paid in 8,889 5,280 9,357 38,309 12,981 13,814 6 i , 6 i 4 21,267 23,746 12.1S 7,527 9,029 8,215 16,121 228,775 Surplus 17,606 9,632 31,881 9,939 1.016 611 4?q 642 540 2.701 937 3.146 All other l i a b i l i t i e s 453 13,00? 1.325 391 375,161 1,596,481 356,131 495,064 213,192 291,817 689,068 179,351 136,4O6 206,563142,169 417,875 5,099,278 TOTAL LIABILITIES 68.6 78.8 80.0 884.5 4.5 82.4 72.4 83.4 71-3 57.8 Reserve r a t i o ( p e r c e n t ) 84.5 77.8 77.3 79.7 Contingent l i a b i l i t y on b i l l s p u r 5,464 4,430 5,169 10,337 148,269 6,350 chased f o r f o r e i g n correspondents 11,076 6,055 20,379 41,499 14,177 15,654 7,679 F . R . n o t e s on hand ( n o t e s r e c ' d from 381,719 31,276 51,261 5,011 4,739 10,823 5,950 48,620 F.R.Agent l e s s n o t e s i n c i r c u l a t i o n ) 24,44l 125,818 37,5^7 21,317 14,916 31,276 FEDERAL RESERVE "TOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 833,251 192,689 281,005 108,965 271,100 442,118 69,795 87,003 103,73162,526 264,668 2,970,910 F. R. n o t e s r e c ' d from Comptroller 254,059 845.364 292,080 27,500 45,280 24,714 64,696 l6l,500 21,460 17.907 26.540 18.037 44.700 F. R. n o t e s h e l d by F. R. Agent 100,950 F.R. n o t e s i s s u e d t o F. R. Bank Collateral held as security for F . R . n o t e s i s s u e d to F.R.Bank: Gold and gold c e r t i f i c a t e s Gold redemption f u n d Gold f u n d - F. R. Board E l i g i b l e paper Total c o l l a t e r a l B i l l s discounted B i l l s bought i n open market 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 C. 153,109 541,171 165,189 235,725 84,251 206,4o4 280,618 48,335 69,096 77,191 44,489 219,968 2,125,546 18,238 33,000 4 O 4 6 ,O 5 7,750 13,507 235,104 8,780 36,468 16,458 3 , 1 0 2 13,789 1 0 0 , 6 8 3 4,537 5 , 6 8 0 2 , 2 5 1 3 , 5 9 0 1,350 4,534 22,313 12,312 12,353 106,000 112,877 175,000 23,000 147,000 232,000 10,300 46,000 58,860 13,000 130,535 1,123,572 201,262. 40.647 70.578 36.451 38.882 69.197 33.350 12.817 22.167 13,029 74,251 650.279 564,679 165,836 266,711 90,456 208,020 303,448 54,990 73,694 85,76147,369 251,575 2,279,139 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 91 days t o Total Over 6 months l 6 t o 30 days 31 t o 60 days Within 15 days " "6 l t o "90" days 6 months 21,983 425,767 2,235 21,960 32,717 9,557 337,315 3,746 256,724 122,602 15,152 50,274 64,950 188,409 200 86,750 74,454 20,515 6,490 35,300 14,872 69,000 47,428 166,600
@FedFRASER