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STATEMENT FOE THE PRESS Released f o r p u b l i c a t i o n Friday morning, Apr. 2; not e a r l i e r St. U903 Inderal Reserve Board April 1, 1926. CONDITION OF FEDERAL RESERVE BANKS The consolidated statement of condition 0 f the Federal reserve hanks on March 31, made p u b l i c hy the Federal Reserve Board, shows an increase o f $14,800,000 in h o l d i n g s of discounted b i l l s and of $21,600,000 in Government s e c u r i t i e s > t o g e t h e r w i t h a decline of $29,900,000 i n cash r e s e r v e s and an increase of $16,900,000 in Government d e p o s i t s . Discount h o l d i n g s of the Federal Reserve Bank of Chicago went up $33,700,000 during the week and those of St 4 Louis $4,900,000, while the San Francisco "bank report* a decrease of $13,000,000, P h i l a d e l p h i a a decrease o f $ 5 , 2 0 0 , 0 0 0 , Kansas City a decrease o f $4,900,000j and Cleveland a decrease of $4,000,000. Open-market acceptance h o l d i n g s changed l i t t l e except i n the case o f the St. Louis bank, which reports a decrease of $3,600,000. Holdings of a l l c l a s s e s of Government s e c u r i t i e s Want up during the week - Treasury notes oy $10,300,000, United S t a t e s Tionds by $6,200,000, and Treasury c e r t i f i c a t e s by $5,100,000. The p r i n c i p a l changes in Federal reserve note c i r c u l a t i o n were an i n crease of $3,600,000 at the P h i l a d e l p h i a bank and a decrease o f $3,200,000 at Chicago. A summary o f changes in the 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 reserve banks during the week and the year ending March 31, 1926, f o l l o w s : Increase or decrease during Week Total reserves Gold r e s e r v e s - $29,900,000 - 27,600,000 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. Government o b l i g a t i o n s . Other b i l l s discounted + + + 35,700,000 14,800,000 29,100,000 43,900,000 - 2,600,000 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 indebtedness + 21,600,000 6,200,000 10,300,000 5,100,000 Bills-bought in open market Federal reserve n o t e s in c i r c u l a t i o n Total d e p o s i t s Members' reserve d e p o s i t s Government d e p o s i t s 2,500,000 + + 9,700,000 2,800,000 lb,900,000 Year - $62,800,000 * - 79,100,000 + 139,000,000 + 232,500,000 + 107,300,000 +125,200,000 - 66,700,000 - 28,000,000 - 11,900,000 - 114,300,000 + 98,200,000 - 53,200,000 + 127,700,000 + 82,500,000 + 51,400,000 -leased f o r p u b l i c a t i o n Friday morning, April 2, 1926; not e a r l i e r . St. 4903a RESOURCES AT© LIABILITIES OF THE TWELVE FEDERAL RESiRVB BANKS COMBINED (In thousands of d o l l a r s ) A r . 31, 1926 Mar. 2 4, 192b Apr. 1,1 1925 1 ^ * — ^ RESOURCES Gold with Federal reserve agents Gold redemption fund w i t h U.S.Treasury . . 1,361,723 , 1,404,307 58,086 1*588,385 51 *957 Gold held e x c l u s i v e l y against F.R. notes Gold settlement fund with F. R. Board ; . Gold and gold c e r t i f i c a t e s held by bamts . 1,410,47?-* 1,462,393 751 )935°'^^ 713,203 604,4bl big-385 1,640,342 bl5,292 590*300 2,766,873 2,794,461 2,845,934 152,973 155,295 136,747 2,919,846 62,078 2,949,776 6 6,102 311,487 320,904 340,564 276,983 2,982,681 51 673 ' 204,18b 195,'739 . . . . . . . . . . . . 632,391 249,633 617,547 252,228 399,9 25 316,378 . . . . . . . . . . . . . . . . . 70,054 131,644 128,139 b3,877 121,308 123,016 81,942 245,970 29,922 329,837 5,185 8,491 308,201 3,510 8,010 357,834 1,902 10,500 1,225,537 1,159,796 1,086,539 643 620,294 59,441 14,759 643 635,857 59,406 14,732 639 607,198 58,863 20 014 4,902,598 4,91b,312 4,807,607 F. R. notes i n actual c i r c u l a t i o n . . . . Deposits: Member bank - reserve account . . . . * Government Foreign bank . . . . . . . Other deposits . . . . . . . . . . . . . 1,656,482 1,655,996 1,709,670 2,215,243 85,813 5,399 16,897 2,218,007 6g, 592 8,420 15,313 2,132,779 ' 34''377 7,619 20,882 Total d e p o s i t s . . . . . . . . . . . Bef&rred a v a i l a b i l i t y items . . . . . . 4 Capital paid in . . . Surplus . . . . . . 411 other l i a b i l i t i e s . . . 2,323,352 567,879 120,427 220,310 14,148 2,313,632 588,910 120,404 220,310 1 4,060 2/195,657 / 558,250 114,492 217,837 11,701 4,902,598 4,916,312 Total gold reserves . . . . Reserves other than gold , . . Total reserves Non-reserve cash B i l l s discounted: Q ec. by U. S. Government o b l i g a t i o n s . . Other b i l l s discounted ^otal b i l l s 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 indebtedness Total U. S. Government s e c u r i t i e s . Other s e c u r i t i e s . . Foreign loans on gold . . . . . Total 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 other resources . . . . . TOTAL RESOURCES x L I A B I L I T I E S TOTAL LIABILITIES v 4,807,60? Ratio of t o t a l reserves to deposit and F. R. note l i a b i l i t i e s combined . . . . 73.4<j> 74.3$ 76.4$ 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 . . . . . . . 69,l6l 71,0l6 50,384 C. RESOURCES AMD LIABILITIES OF THE FEDERAL ( i n thousands of Boston Hew York P h i l a . CIeve. Rich. (Sold w!1;h Federal Reserve Agents 98,828 344,020 1 1 6 ,4 6 4 170,427 47,151 Gold redemption fund w i t h U . S . T r e a s . 9 , 9 6 7 11,532/ 5,865 2 ,4 8 4 Gold held e x c l u s i v e l y a g a i n s t \ Sy R notes Ii- , 108,795 355,552 122,329 1 7 2 , 2 7 ^ 4 9 , 6 3 5 Gold settlement fund with F.R.Board55,843 318,650 65,951 55,3©^ 33,202 Gold and gold c e r t i f i c a t e s 39,684 332,122 22,471 51,165 5,081 RESOURCES Total gold r e s e r v e s Reserves other than gold RESERVE BANKS ON MARCH 31, 1926. dollars) A t l a n t a Chicago St.Louis Minn. Kans.Cy. 122,016 129,389 1 4 , 0 9 2 62,726 49,323 3,132 4,4oO 859 1,179 2,783 / 125,148 133,869 14(951 63,905 52,106 32,050 86,404 ^ - 6 , 1 0 2 20,023 28,615 3 ,5 3 4 69,665 17,957 7,176 5,924 S t . 4903b D a l l a s San Fran. Total 28,231 179,056 1 , 3 6 1 , 7 2 3 1,533 3,091 48^75# 3a'I 29,764 1 8 2 , 1 4 7 l , 4 l < ^ + f f 16,596 33,190 10,343 39,039 604,46l 204,327 1 , 0 0 6 , 3 2 4 210,751 278,745 18,205 43,675 3,824 8,135 87,915 161,032 289,938 8,344 8 , 1 7 7 20,031 39,010 20,772 9 1 ,1 0 4 3,012 8b,645 4,985 56,703 254,376 2 , 7 6 6 , 8 7 3 5,774 7,989 152,973 Totai_reserves 222,532 1 , 0 4 9 , 9 9 9 214,575 286,880 Non-reserve cash 4,932 22,910 1,677 3,9^1 B i l l s discounted: Secured V/ U.S.Govt. o b l i g a t i o n s 20,190 100,987 36,718 44,439 Other b i l l s discounted 22,580 4 3 , 7 5 $ 24,658 1 9 , 7 4 4 9 6 , 2 6 2 169,209 310,019 4,009 3,724 7,675 59,782 3,623 94,ll6 1,037 91,630 2,4lS 62,477262,3652,919,846 2,572 3,560 62,078 16,118 29,269 14,288 35,703 43,280 6s,451 1 2 ,1 5 4 21,463 345 4,511 4,192 9,889 1,254 4,394 1 7,522 31,504 311,487 320,904 49,991 n i , 7 3 l 10,807 28,766 33,617 9,183 4,856 8,083 14,081 12,074 5,64s 9,552 49,026 21,567 632,391 249,633 Total b i l l s discounted B i l l s bought i n open market !h S. Government s e c u r i t i e s : londs Treasury notes C e r t i f i c a t e s of indebtedness jotal U.S. Gov*t. s e c u r i t i e s Otiier s e c u r i t i e s Foreign l o a n s on gold * 1 b i l l s and s e c u r i t i e s Due ^rcs f o r e i g n banks Ux>70-jle'2ted items Bai^fc pjribmises ALf otier resources ; i // i f TOTAL RESOURCES 42,770 43,6 6 4 149,725 63,620 61,376 10,851 64,183 21,023 45,387 10,443 753 1,402 5,611 4,044 29,123 21,298 788 1,176 17,131 8,686 15,075 6,46s 1,476 2,636 1,760 1,531 7,H4 7,985 21,155 14,132 9,921 3,199 10,335 12,009 8,048 5,139 3,748 9,482 12,552 10,929 9,125 12,326 9,090 1,767 20,634 22,189 70,054 131,644 128,139 7,766 54,465 19,095 4,625 80S 30,229 5,872 16,630 560 340 45,203 a , 543 16,935 32,963 30,541 44,550 325,837 5,185 8,491 — - 646 2,329 94,846 270,139 643 141,915 16,701 3,202 - 55,447 4,068 127 - - 910 451 9 6 , 7 5 5 116,345 62,153 - 57,405 1,505 338 — 54,226 7,409 855 - 55,891 2,364 331 - - - - - 1,165 366 272 331 78,325 18b,370 68,709 30,146 59,449 - 34,291 2,761 1,048 - 79,787 7,933 1,919 - 32,953 4,111 412 - 11,938 2,943 2,385 - 38,620 4,636 47s ~ 287 586 4 6 , 0 2 3 115,769 1 , 2 2 5 , 5 3 7 643 620,294 22,898 34,923 59,441 3,217 1,793 3,281 14,759 383 381,952 1 , 5 0 5 , 5 0 9 372,255 469,656 221,010 289,361 594,203 169,590 142,565 197,231 136,151 4 2 3 , 1 1 5 4 , 9 0 2 , 5 9 8 L I A B I L I T I E 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 Deposits: Member bank - r e s e r v e account Government Foreign bank Other d e p o s i t s Total deposits Deferred a v a i l a b i l i t y items Capital paid i n Surplus A l l other l i a b i l i t i e s RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON MARCH 31, 1926 St.US03c ( i n thousands o f d o l l a r s ) Boston C 1 Bich T* A t l a n t a Chicago S t . L o u i s Minn. Kans. Cy. Dallas San Fran. Total 152,7k) 371.9S3 1^9,659 201,458 75,985 160,1U7 162,028 36,723 6 3 , 8 2 5 63,100 36,592 182,242 1 , 6 5 6 , 4 8 2 137,7k) 9,603 481 82 147,906 54,837 8,772 17,020 677 72,867 53,318 6,000 11,919 921 73,011 304,347 11,702 7,356 253 867 78 986 8 5 , 0 4 4 313,556 29,850 69,328 4 , 9 3 4 16,300 8 , 7 0 0 30,613 68b 2,378 78,960 5,102 272 770 8 5 ,1 0 4 32,253 5,147 9,570 793 50,445 4,936 203 167 85,440 2,443 247 200 6,890 7,760 3 ,8 4 4 2,901 9,936 3,119 2,321 2,828 2,538 5 ,0 0 4 69,161 l4l,834 25,112 16,831 15,929 19,586 18,111 4,479 3,025 6,950 5,251 38,338 310,221 lSJl;So If.i'o 185,262 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 indebtedness Within 15 days 473,606 117,659 10 167,515 35,300 14,528 49,000 8 6 , 4 3„4 56,557 1 6 0 , 2 7 4 2 , 2 1 5 , 2 4 3 5,242 12,549 85,813 222 437 5,399 72 6,501 16,897 62,093 179,761 2 , 3 2 3 , 3 5 2 24,986 35,892 567,879 4,314 8,277 120,427 7,615 15,071 220,310 551 1,872 14,148 136,151 423,115 4,902,598 63.3 72.5 73.4 16,508 F.R, n o t e s issued t o F. R, bank C o l l a t e r a l held a s s e c u r i t y f o r F..R. n o t e s issued to F.R. Bank: Gold and gold c e r t i f i c a t e s Gold redemption fund Gold fund — F. R. Board E l i g i b l e paper Total c o l l a t e r a l 66,818 5,644 335 70 55,751 88,330 1 1 , 3 8 3 31,918 3,152 4,23b 7,501 3,979 668 953 381,952 1,505,509 372,255 469,656 221,010 289,361 594,203 169,590 142,565 197,231 81.5 75.2 64.7 74.0 75.0 to6 5 . 2? 149.1 75.7 60.5 66Q.rt 9.0 TOTAL LIABILITIES Reserve r a t i o (per cent) 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 5,512 F . R . n o t e s on hand ( n o t e s r e c ' d from 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 ) 1 4 , 7 7 5 F. R . n o t e s r e c ' d from Comptroller F. R, n o t e s h e l d by F. R. Agent 902,077 128,886 170,688 6,097 6,i4i 8,998 804 601 677 7,082 64 825 916,060 135,692 181,188 120,743 5 3 , 9 5 4 49,417 33,903 11,932 13,460 59,964 2 0 , 4 6 4 22,894 2,856 554 1,239 'SIS. ^ g;§? izgs FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 513,817 174,771 218,289 91,914 179,733 180,139 186,698 800 8,780 25,655 12,977 26,322 12,275 11,647 3,996 4,039 131,000 103,389 150,000 17,500 105,000 190,125 62.837 81.976 «52rVW 58.QQ4 534,145 179,301 254,403 99,50b 181,010 MATURITY DISTRIBUTION OF l 6 to 30 days 37,181 52,635 - 31 to 60 days 65,230 52,287 - 41,202 66,850 70,050 41,843 220,580 1 , 9 6 6 , 7 0 3 11,095 13,212 17,226 311,743 3,745 1,797 1,514 3,463 4 , 0 0 5 17,474 104,805 125,644 1,200 4 8 , 0 0 0 45,860 7,000 161,582 945,175 l U n . ^ n 1+1,917 12,616 25,053 14,309 69,843 838,769 269,699 56,009 7 5 , 3 4 2 7 4 , 3 7 6 42,540 248,899 2 , 2 0 0 , 4 9 2 BILIS AND CERTIFICATES OF INDEBTEDNESS 6 l to 90 days 41,319 23,327 59,418 g m o n t h s O v e r 6 months 9,247 5,808 3,725 54,608 14,103 Total 632,391 249,633 128,139
@FedFRASER