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STA£*S£ENT 'SO,. THE P2ESS Released f o r p u b l i c a t i o n Friday no r u i n A p r i l 23; 'cot e a r l i e r . • S t . 4927 Federal Reserve Board, A p r i l 2w , CONDITION OF PE2ERAL HESZRVE 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 til© Federal r e s e r v e banks on A p r i l 21, made p u b l i c by t h e F e d e r a l Be serve Board, 6j.ovtfs d e c r e a s e s d u r i u 0 t»ie the week of ^161,200,000 in h o l d i n g s of b i l l s and s e c u r i t i e s , of $112,100,000 in nenber bank r e s e r v e d e p o s i t s , and of $18,800*000 in 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 011,700,000 i n cash r e s e r v e s . "Discount h o l d i n g s declined ,'127,600,000 and h o l d i n g s of a c c e p t a n c e s purchased in open rx-ruet 644,600,000, '.vhile h o l d i n g s of United S t a t e s Government s e c u r i t i e s i n c r e a s e d $11,600,000. Discount h o l d i n g s of the Nev York r e s e r v e bank d e c l i n e d $127,700,000, tn.ose of Cleveland *13,100,000, Boston , 7 , 2 0 0 , 0 0 0 , and Chicago $ 5 , 8 0 0 , 0 0 0 . The o t h e r banks r e p o r t e d l a r g e r d i s c o u n t h o l d i n g s , the p r i n c i p a l i n c r e a s e s b e i n g : San Francisco # 9 , 7 0 0 , 0 0 0 , Kansas C i t y 35,200,000, and Richmond * 3 , 8 0 0 , 0 0 0 . Open-market acceptance h o l d i n g s i n c r e a s e d $15,800,000 a t the A t l a n t a bank and declined $37,400,000 a t New York, #13,000,000 a t Boston, and $7,300,000 at Chicago. All c l a s s e s of Government s e c u r i t y h o l d i n g s i n c r e a s e d d u r i n g t h e week, Treasury n o t e s by , 6 , 5 0 0 , 0 0 0 , United S t a t e s bonds by $4,600,000, aau Treasury c e r t i f i c a t e s by $500,000, The p r i n c i p a l changes i n Federal week comprise d e c r e a s e s of $7,500,000 Cleveland, $6,100,000 by A t l a n t a , and of $5,600,000 r e p o r t e d by the Chicago 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 the r e p o r t e d b„ t h e Federal Reserve Bank of $4,900,000 by P h i l a d e l p h i a , and an i n c r e a s e bank. A sumaary 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 d u r i n g t h e -veekand the y e a r ending A p r i l 21, 1926, f o l l o w s : Increase or 7/eok Total r e s e r v e s Gold r e s e r v e s . . . . . . . decrease ' during Year + $11,700,000 + 13,400,000 - §35,300,000 - 49,000,000 Total b i l l s and s e c u r i t i e s . . - 161,200,00b Bills discounted, total . . - 127,600,000 Secured by U.S. Government o b l i g a t i o n s - 125,900,000 Other b i l l s d i s c o u n t e d . . . . . . . 1,700,000 B i l l s bought i n open market - 44,600,000 + 28,200,000 + 37,300,000 - 11,100,000 + 48,400,000 - 46,000,000 U. S. Government s e c u r i t i e s , t o t a l . . Bond s 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 . . . + 11,600,000 4,600,000 6,500,000 500,000 + 35,500,000 + 13,700,000 - 94,200,000 + 116,000,000 Federal r e s e r v e n o t e s in c i r c u l a t i o n - 18,800,000 - Total d e p o s i t s Members' re&erve d e p o s i t s . Government d e p o s i t s . . . . - 127,400,000 + - 112,100,000 - 19,500,000 25,400,000 2,000,000 8,000,000 6,600,000 Released f o r p u b l i c a t i o n Friday morning* A p r i l 23, 1926, not e a r l i e r . S t . 4927a HE SOURCES AIJD LIABILITIES OF THE TWELVE FEDERALfeESERVEBATES COMB HIED (In thousands of d o l l a r s ) Apr. 21. 1926 Apr. 14. 1926 Apr.2211925 RESOURCES Gold with Federal r e s e r v e a g e n t s . . . . . Gold redemption fund w i t h U.S. Treasury . 1*498,448 60,429 1,385,430 52,615 1,563,377 50,639 Gold held 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 1,551,877 1,438,245 1,614,016 617,881 625,469 715,880 627,663 2,795,227 2,781,788 2,844,263 155 p 243 157,017 141,491 , 2,950,470 2,938,805 2,985,754 Non-reserve c a s h B i l l s discounted: Swa. 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 60,768 62,838 55,757 208,834 240,836 334,735 242,549 219,920 192,455 449,670 577,284 412,375 229,474 274,058 275,501 98,681 149,999 139,903 94,136 143,465 139,415 84,930 244,202 23,949 388,583 377,016 353,081 4,635 8,700 5*185 • 8,700 10,500 1,400 1,081,062 1,242,243 1,052,857 644 711,616 59,519 15,780 643 768,248 59,481 16,201 6fl0 671,528 59,26^ 22,738 4,879,859 5,088,459 4,848,537 Gold settlement fund w i t h F. R. Board . . Gold and gold c e r t i f i c a t e s held by banks . Total sold r e s e r v e s Reserves o t h e r than gold . Total r e s e r v e s 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 U. 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 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 B n nk premises All other r e s o u r c e s . TOTAL RESOURCES L I A B I L I T I E S Total d e p o s i t s Deferred a v a i l a b i l i t y items C a p i t a l paid in Surplus Ail other l i a b i l i t i e s • . . . 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 . . . Contingent l i a b i l i t y on b i l l s purchased foreign correspondents Digitizedf o forr FRASER 632,337 597,910 - > F. R. oOtes i n a c t u a l c i r c u l a t i o n . . . Deposits: M*wber bank - r e s e r v e account . . . . Government Foreign bank Otj.er d e p o s i t s TOTAL LIABILITIES . 1,662,284 1,681,096 1,687,690 2,171,145 23,826 4,494 20,283 2,283,222 43,280 4,576 16,074 2,163,116 30,454 6,830 17,354 2,219,750 640,652 121,452 220,310 15,411 2,347,152 703,600 120,898 220,310 15,403 2,217,754 598,159 114,693 217,837 12,404 4,879,859 5,088,459 4,848,537 76.0 73.0# 76.5 % 67,696 68,202 43,485 R E S O U R C E S ::: RESOURCES AND STABILITIES OF THE FEDERAL RESERVE BANKS ON APRIL 21, 1Q26. "( I n thousands of d o l l a r s ) Boston New York P h i l a . Cleve. R i c h . 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 F r a n . Oold 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 126,540 Gold s e t t l e m e n t fund w i t h F.R.Board 53,070 Gold and gold c e r t i f i c a t e s 35,530 T o t a l gold r e s e r v e s Reserves o t h e r t n a n gold Total reserves *?% : ^ ^ S t . IjOgyb Total ~ 466,592 1 ) 4 , 4 5 5 174,476 206,755 45,344 53,317 351,910 22,805 49,008 41,622 162,159 135,663 23,458 22,144 133,538 6,678 4,063 72,378 15,631 8,318 19,299 50,049 14,423 7,198 46,586 21,880 6,515 26,367 171,437 1,551,877 11,889 23,715 617 881 1 0 , 4 7 2 39,613 62514 69 215,140 1,025,257 202,604 276,801 20,394 42,351 6,311 6,549 71,788 188,366 341,579 8,342 10,469 19,508 43,248 19,937 71,670 2,948 75,281 4.537 48,728 234,765 2,795,227 5,638 8,259 155,243 235,534 1 , 0 6 7 , 6 0 8 208,915 283,350 80,130 198,835 361,087 63,185 74,618 79,818 54,366 243,024 2 , 9 5 0 , 4 7 0 Non-reserve cash 3,452 Bills discounted: Secured by U.S.Govt, o b l i g a t i o n s 1 0 , 5 6 8 Other b i l l s d i s c o u n t e d 13,357 19,596 2,075 3,285 4,689 4,531 9,809 3,684 1,152 2,576 2,359 3,530 60,768 37,475 23,753 29,743 19,101 32,039 19,223 15,912 32,593 5,554 35,885 27,249 31,930 10,206 16,737 2,048 4,797 8,810 13,830 1,298 6,051 27,932 23,529 208 834 240*836 Total b i l l s discounted B i l l s bought i n open market U. 3. Government s e c u r i t i e s : ?onds 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 23,925 32,296 61,228 26,086 48,844 1 2,495 51,262 20,125 48,505 9,812 41,439 26,64? 59,229 27,873 26,943 7,970 6,845 19,818 22,640 12,36l 7,349 10,740 51,461 23,251 3,584 5,400 8,30b 11,762 36,275 25,831 3,088 2,644 17,991 11,541 17,325 8,244 3,737 3,200 2,406 1,050 24s 3,001 25,914 13,797 13,272 3,199 10,335 12,208 9,486 6,057 4,285 11,207 13,653 11,574 10,294 13,243 9,628 4,356 22,285 23,157 449,670 229 474 ' 98,681 149,999 139 9O3 Total u . s . G o v ' t , s e c u r i t i e s Other s e c u r i t i e s F o r e i g n l o a n s on gold 17,290 66l 73,868 2,384 23,723 3,575 82? 37,110 931 9,343 46l 4,299 57,953 56O. 348 1,192 25,742 374 19,828 500 278 36,434 339 33,165 49,798 600 388,583 4 635 8,'700 T o t a l b i l l s and s e c u r i t i e s Due f r o m f o r e i g n banks U n c o l l e c t e d items Bank p r e m i s e s All other resources 74,172 71,326 4,068 89 163,566 644 170,256 16,715 4,4gl 89,464 109,428 64,080 63,863 1,532 7,409 319 910 68,121 58,140 2,364 328 73,293 146,277 39,656 88,450 2,774 7,933 1,095 1,420 61,029 34,684 4,111 514 47,269 71,774 40,295 4,636 662 51,559 125,110 1,081,062 544 27,150 4 0 , 6 1 0 711,616 1,793 3,24l 59,519 404 3,338 15,780 TOTAL RESOURCES c. 13,106 2,943 2,220 305 388,671 1*442,866 366,385 4 6 8 , 2 4 5 213,772 320,184 614,976 167,207 141,308 199,761 137,631 418,853 4,879,859 L I A B I L I T I E S F . R . notes i n a c t u a l c i r c u l a t i o m Deposits: '"ember bank - r e s e r v e account Government Fore ign bank Other d e p o s i t s RESOURCES AND LIABILITIES OE .THE FEDERAL RESERVE BANKS ON APRIL 21,. 1926... st. 4927c ( I n thousands of d o l l a r s ) Boston New York P h i l a . CIeve. R i c h . 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. Total 1^5,605 363,393 138,678 194,206 72,981 191,222 172,577 36,955 63,949 62,590 36,473 183,655 1,662,284 142,421 1,538 307 193 825,558 134,823 173,701 9,341 2,149 1,424 1,565 383 432 9,317 166 1,234 66,662 77,029 315,060 1,082 2,196 475 214 161 553 60 ' 378 1,194 68,018 79,824 317,285 53,782 34,619 75,937 6,043 4,945 16,291 11,919 8,700 30,613 1,029 Q4 2,273 79,548 298 174 488 51,811 1,545 129 240 86,007 1,119 ill 52,353 160,082 2,171,145 1,628 1,030 23,822 l4l 4,4Q4 278 41 6.211 20.281 Total d e p o s i t s 144,459 845,781 137,521 176,791 80,508 53,725 88,044 60,193 167,601 2,219,750 Deferred a v a i l a b i l i t y items 72,06b 136,080 57,107 59,469 34,033 11,398 35,123 28,439 42,099 640,652 C a p i t a l paid in 8,772 34,629 11,949 13,475 5,246 3,142 4,256 4,303 3,401 121,452 Surplus 17,020 59,964 20,464 22,894 9,570 7,501 220,310 8,979 7,615 15,071 All o t h e r l i a b i l i t i e s 749 3,019 to 6b 1,410 395 1,093 769 60S 2.026 15.411 TOTAL LIABILITIES 333,671 L,442,866 366,335 468,245 213,772 320,184 614,976 167,207 141,308 199,761 137,631 413,853 4,379,259 Reserve r a t i o (per c e n t ) 61.2 38.3 75-6 7°.4 56. s 73.4 73.7 53.s 03.4 53.0 56.2 69.2 76.0 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 5,132 18,191 6,473 7,296 3,614 2,728 9,342 2,932 2,132 2,659 2,387 4,705 67,696 F.iL notes on hand ( n o t e s r e c 1 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 ) 14,595 243,929 35,522 22,326 16,157 32,212 17,735 4,942 2,744 6,445 4,705 35,193 343,555 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS F.R. notes r e c ' d from Comptroller 213,600 749,432 213,320 274,482 1 23,675 270,668 409,099 65,397 86,056 115,535 56,415 251,928 2,859,710 F.R. notes held by F. R. Agent 53,400 237,160 39,120 57,950 32,540 47.234 216,737 23.500 19.363 46.550 15.237 63.080 653.271 F.R. notes issued to F.R. Bank 160,200 512,32^ 174,200 216,532 91,133 223,434 190,362 41,697 66,693 69,035 41,176 216,342 2,005,639 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 t o F.R. Bank: Gold and gold c e r t i f i c a t e s 35, p o 186,698 400 8,780 25,655 13,237 8,745 13,212 17,226 309,253 Gold redemption fund 14,613 26,110 9,903 13,289 2,959 5,329 3,653 1,452 1,103 3,148 2,490 1 6,551 100,600 Gold fund - F. R. Board 68,000 241,000 113,497 150,000 10,500 140,500 125,645 5,000 34,000 41,860 5,500 153,093 1,038,595 E l i g i b l e paper 56,221 72,539 52.379 70,149 55,996 66,978 86.934 33.920 26.504 34.795 17.902 74.195 64S r 51P Total c o l l a t e r a l 174,134 526,347 176,179 242,218 95,110 226,044 216,232 49,117 74,819 79,803 43,118 243,839 2,146,960 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 16 to 30 days 31 t o 60 days 6l to 90 days 91 days to Over 6 months Within 15 days Total 6 months B i l l s discounted 312,567 32,320 • 54,093 31,560 15,262 3,868 449,670 B i l l s beught in open market 97,220 60,606 42,702 24,230 4,716 229,474 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 4,689 60,703 2,251 50,203 22,057 139,903 DigitizedC. for FRASER ±
@FedFRASER