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STATEMENT FOE THE PRESS St. 53U5 Federal Reserve Board, A p r i l 21, 1527. Released f o r p u b l i c a t i o n Friday morning, Apr. 22; not e a r l i e r . CONDITIor OF FEDERAL RESERVE BAMS 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 t h e F e d e r a l r e s e r v e banks on April 20, .made p u b l i c by the F e d e r a l Reserve Board, shows d e c l i n e s f o r t h e week of $44,200,000 i n b i l l and s e c u r i t y h o l d i n g s , of $15,100,000 i n member bank r e serve d e p o s i t s , and of $14,100,000 i n Federal r e s e r v e note c i r c u l a t i o n , and an i n c r e a s e of $12,300,000 i n cash r e s e r v e s . 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 d e c l i n e d d u r i n g t h e week - d i s c o u n t e d b i l l s by $11,300,000, a c c e p t a n c e s purchased i n open market by $9,300,000, and Government s e c u r i t i e s by $22,500,000. The Federal Reserve Bank of Hew York r e p o r t s a r e d u c t i o n of $56,100,000 i n i t s discount h o l d i n g s and Boston a d e c l i n e of $2,800,000, while the Chicago bank shows an i n c r e a s e i n d i s c o u n t s of $20,300,000, A t l a n t a an i n c r e a s e of $9,100,000, Richmond $6,200,000, and San F r a n c i s c o $4,400,000. The Hew York r e s e r v e bank a l s o r e p o r t s a d e c l i n e of $20,800,000 i n open-market acceptance h o l d i n g s , and the Minneapolis bank r e p o r t s an i n c r e a s e of $4,900,000 i n t h i s item. The System's holdings of Treasury n o t e s were $4,800,000 above t h e p r e c e d i n g w e e k ' s t o t a l , while holdings of Treasury c e r t i f i c a t e s and of United S t a t e s bonds d e c r e a s e d $23,100,000 and $4,200,000, r e s p e c t i v e l y . 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 d u r i n g t h e week comprise d e c l i n e s of $7,700,000 and $5,500,000, 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 an i n c r e a s e of $2,500,000 by Boston. A summary of changes i n 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 t h e r e s e r v e banks during t h e week and the y e a r ending A p r i l 20, 1927, f o l l o w s : Increase or decrease during Year Week Total r e s e r v e s Gold r e s e r v e s + $12,300,000 + 4,700,000 + $252,700,000 + 240,100,000 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 - 44,200,000 11,300,000 1,900,000 9,^00,000 - - 9,300,000 + 17,900,000 - 22,500,000 — 55,800,000 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 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 . . . + 4,200,000 4,800,000 - 23,100,000 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 . - 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 - 7,700,000 - 15,100,000+ 6,500,000 C. 14,100,000 + - 84,900,000 35,200,000 38,000,000 73,200,000 24,800,000 + 56,400,000 25,400,000 + 67,500,000 + + + 79,900,000 78,600,000 5,500,000 - St. 53^5 a Released f o r p u b l i c a t i o n Friday morning, A p r i l 22, 1927; not e a r l i e r . RESOURCES # 0 LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( i n thousands of d o l l a r s ) Apr. 20,1927 Apr. 13,1927 A w . 21,192b RESOURCES Sold with Federal r e s e r v e a g e n t s Gold redemption f u n d w i t h II. S. Treasury . . 1,658,165 51,299 1,628,860 48,740 1,498,448 53,429 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 . Sold s e t t l e m e n t fund with F. R. Board . . . Sold and gold c e r t i f i c a t e s h e l d "by banks . . 1,709,464 598,325 727,539 1 ,b77,bOO 622,994 730,0% 1,551,877 617,281 625,469 Total gold r e s e r v e s Reserves other than gold 3,035,328 167,852 3,030,54] 160,280 2,795,227 155,243 3,203,180 3,190,923 2,950,470 66,089 6l,4SO 246,820 167,623 248,7§2/ 177,04^ 208,834 240,836 . . . . . . . . . Total r e s e r v e s . . . . . I o n - r e s e r v e cash • B i l l s discounted: Sec. by U. S. G-overnnierit o b l i g a t i o n s . . . Other b i l l s discounted , v1/ 60,768 Total 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 T J. 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 . . . . . . . 4l4,44] 247,396 425,767 *3 256,724 449,670 229,474 73,911 93,626 Ib5,292 78,099 88,836 188,409 98,681 1%,999 139,903 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 332,829 1,500 1 355,344 2,500 - 388,533 4,635 8,700 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 r e s o u r c e s 996,168 655 725,306 58,'567 12,753 1,040,335 659 734,298 5S,56l 13,022 '1,081,062 644 711,6l6 59,519 15,780 5,062,722 5,099,278 4,879,859 1,729,751 1,743,827 1,662,284 2,249,695 29,360 5,013 l4,538 2,264,762 22,342 4,597 l4,o66 2,171,14$ 23,828 4,494 20,283 2,299,606 663,162 128,410 228,775 13,018 2,307,2b7 678,127 1 28,280 228,775 13,002 2,219,750 640,652 1 21,452 220,310 15,4-11 5,062,722 5,099,278 4,879,859 . . TOTAL RESOURCES L I A B I L I T I E S ?. 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 d e p o s i t s Deferred a v a i l a b i l i t y items Capital paid in Surplus All other l i a b i l i t i e s TOTAL LIABILITIES Ratio 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 79.5# 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 146,069 148,269 C.FRASER Digitized for 76.Of 67,696 RE S O U R C E S Boston Sold v/ith F e d e r a l Reserve Agents 117,023 Gold redemption f u n d with U. S . T r e a s . 6,532 Gold h e l d e x c l u s i v e l y a g a i n s t F. B. nn*5 3 123,555 Gold s e t t l e m e n t f u n d with ?.R.Board 66,137 Gold and gold c e r t i f . h e l d by banks 29 ,l6S Total geld reserves Reserves o t h e r t h a n g o l d Total r e s e r v e s E o n - r e s e r v e cash B i l l s discounted; Secured by U 5.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 Total 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 i n d e b t e d n e s s 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 T o t a l b i l l 3 and s e c u r i t i e s Due f r o m f o r e i g n banks Uncollected items Bank p r e m i s e s All o t h e r r e s o u r c e s TOTAL RESOURCES c. St. 5345b' RESOURCES A2TD LIABILITIES OF THE FED3RAL RESERVE BAMS OH APRIL 2Q, 1927. ( i n thousands of d o l l a r s ) New York Phila. Cleve. 55,393 1,513 62,681 ?,4?o 33,585 175,117 1,6%3 ?,810 428,264 135,831 199,699 64,768 162,680 236,812 22,653 56,906 65,101 35,268 177,927 1,709,464 11,847 172,019 477,216 12.601 44,312 27,953 3.539 35.544 5b,337 14,665 9,940 14,817 6,729 26,116 7,674 17,034 8,921 92,747 186,221 428,167 47,258 78,452 98,891 61,223 7,629 9,283 12,521 1,112,866 215,317 303,849 102,030 198,742 5,895 7,013 4,763 10,052 12,163 22,215 63,339 23,767 25,339 14,361 38,214 14,081 8,741 6,431 30,336 87,106 39,700 17,635 52,295 26,376 23,980 55,748 11,655 19,814 10,483 12,553 3 l , 9 H 2,329 2,639 5,824 10,537 15,767 41,683 1,199 5,146 13,342 3,983 16,719 15.950 1,918 1,408 3,773 155 390 3.327 10,792 67,987 19,687 36,652 7,099 3,872 1,500 — - 36,767 — 34,694 33_J_13 3,304 3,501 3,923 8,009 1,928 2,715 39,258 15,675 246,820 167,623 12,783 6,805 11,932 4,643 54,933 414,443 22,319 12,588 12,473 10,376 23,496 247,396 5,333 9,838 4,978 12,780 3,724 12,466 5,6l4 5,139 5,739 4,700 18,201 9,860 8,856 15,668 12,477 19.680 73,511 93,626 16=5.292 49,838 27.659 16,542 27,596 26,033 39,072 332,829 20,017 58,888 24,581 7,056 - - - - - - 53,192 140,637 62,761 35,935 52,001 41,052 117,501 67,059 1,717 58,724 2,152 32,394 87,738 1,882 1,855 33,817 3,957 914 14,216 2,774 2,183 39,428 4,459 625 26,454 l4o 72,027 7,119 1,019 377,605 l , 5 4 l , O i l 358,788 498,670 214,144 293,871 700,317 172,057 139,135 203,474 68,890 182,207 16,276 2,294 659 267 2,89s 598,325 J27LR,y9 7,420 5,363 38,871 43,958 510,841 51,299 246,33%. 3,035,328 72,542 108,761 56,987 1,658,165 167,552 8,033 19,625 4,219 5,418 451,903 66,883 82,671 104,309 68,852 254,367 3,203,180 3,608 66,089 10,146 2,652 2,707 1,356 3,725 23,736 2,013 — 20,813 1.84o 19,460 135,731 4,081 55,624 22,521 5,458 15,868 3,946 48 Total 63,135 160,360 234,251 1.633 2.320 2.^61 6,343 - Minn. Kans.Cy. D a l l a s San Fran. 4i6,4i7 123,230 196,160 218,860 1,077,499 208,096 291,580 7,221 12,269 22,531 35,367 241,391 Rich. A t l a n t a Chicago St.Loui s 8,03s 1,500 996,168 42,352 3,479 1.221 659 725,306 58,567 12.753 141,122 422,528 5,062,722 1,752 305 .. . • HES03BCSS-.AHD LIABILITIES OF THE FEDERAL RESERVE BANKS ON APRIL 20. 192%. L I A B I L I T I E S ( i n thousands of d o l l a r s ) Boston New York P h i l a . Cleve. Rich. A t l a n t a Chicago F . R . n o t e s in. a c t u a l c i r c u l a t i o n 131,12b 415,398 119,937 203,881 69,301 173,046 228,755 Deposits; Member bank - r e s e r v e account 144,455 851,378 139,253 181,539 70,185 69,608 333,305 Government 2,249 5,847 2,811 1,367 1,569 4,304 2,128 Forei gn t a n k 394 2,213 505 557 273 216 725 Other d e p o s i t s 7,513 116 l.ng USL % 101 1-021 Total deposits 147,217 866,951 142,685 184,581 72,066 74,231 342,179 Deferred a v a i l a b i l i t y items 72,314 155,542 51,484 66,234 53,636 31,275 77,831 Capital paid in 8,897 38,444 12,973 13-845 6,i6q 5,107 16,981 Surplus 17,606 61,614 21,267 23,7^6 12,19s 9,632 31 ,S8l All o t h e r l i a b i l i t i e s 445 3.062 442 1.111 774 530 2.690 TOTAL LIABILITIES F.R. n o t e s i s s u e d t o F. R. Bank C o l l a t e r a l h e l d as s e c u r i t y f o r F . R . n o t e s i s s u e d t o 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. St.Louis Minn. Kans.Cy. D a l l a s San Fran. 43,130 64,207 65,938 78,809 1,931 226 297 81,263 31,501 5,294 9,939 38,237 171,795 Total 1,729,751 49,340 89,691 60,227 176,905 2,249,695 961 967 2,128 3,098 29,360 158 194 184 368 6,013 4l 3.775 14.513 m 11950,736 90,971 62,580 184,146 2,299,606 12,63s 32,726 27,333 40,593 663,162 3,002 4,20b 4,257 9,235 128,410 495 6 )S 11.018 5,117 10,234 146,069 4,533 4,585 IO,54O 5,498 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 192,730 284,093 109,095 269,322 446,805 69,448 86,519 103,018 bi,772 27,900 41,190 23,254 64.230 165.600 21.780 17.747 26.540 18,037 164,830 242,903 85,341 205,092 281,205 47,66s 68,792 76,478 43,735 46,326 4o6,6i6 910 7,527 1.025 9,029 8,215 16,121 7 228,775 377,605 1,541,011 358,788 1493,670 214,144 293,871 700,317 172,057 139,135 203,474 141,122 422,528 5,062,722 86.8 82.0 77.2 72.2 80.4 79.2 53.8 71.9 66.5 68.3 71.5 79.5 Reserve r a t i o (per c e n t ) 86.7 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 10,964 P . R . n o t e s on hand ( n o t e s r e e ' d from F.E.Agent l e s s n o t e s i n c i r c u l a t i o n ) 25,184 F. R. n o t e s r e e ' d f r o m Comptroller F. R. n o t e s h e l d "by F. R. Agent St. 5345c 40,371 837,472 292,080 545,392 35,300 235,104 46,193 163,218 15,496 7,602 5,994 20,175 6,286 4-,386 5,409 129,994 44,893 34,022 16,5140 32,o46 52,450 251,910 95,600 156,310 12,723 69,000 14,035 22,313 10,353 159,000 112,877 I 3 k , 7 9 7 47,042 8,780 262,821 2,975,025 44.700 318.653 218,121 2,136,367 13,238 35,000 4o6,6o6 3,347 13,531 96,986 41,000 58,860 12,000 126,536 1,154,573 70,836 32,912 48,925 90,279 34,550 19,167 24.228 14,961 77.762 641.656 551,214 170,272 266,996 96,047 209,285 324,530 55,363 74,560 86,909 48,548 252,879 2,299,821 36,469 16,458 - 12,380 3,666 8,902 2,251 175,000 23,000 135,000 232,000 7,750 2,763 10,300 13,507 886 3,821 MATURITY DISTRIBUTION OF BILLS AMD CERTIFICATES OF INDEBTEDNESS l i t h i n 15 days l 6 t o 30 days 31 to 60 days 324,707 119,831 8,105 20,360 63,368 35,084 43,282 49,206 6 l to 90 days 21,930 12,263 50 91 days to 6 months' 10,478 3,652 86,959 Over 6 months 1,884 20,972 Total 414,443 247,396 165,292
@FedFRASER