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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Friday morning, Apr. 29; not e a r l i e r . St. 5349 Federal Reserve Board, A p r i l 28, 1927. COKDITIOiT OF FEDERAL RESERVE 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 the Federal r e s e r v e banks on Apl*il 27, made p u b l i c by the F e d e r a l Reserve Board, shows i n c r e a s e s f o r the week of $9,400,000 i n b i l l and s e c u r i t y h o l d i n g s , of. $19,800,000 i n member bank reserve d e p o s i t s and of $4,200,000 i n cash r e s e r v e s , and a d e c l i n e of $11,500,000 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 . Holdings oi- d i s c o u n t e d b i l l s were $29,100,000 above the p r e c e d i n g w e e k ' s t o t a l , while h o l d i n g s of Government s e c u r i t i e s d e c l i n e d $14,500,000 and of a c c e p t a n c e s purchased i n open market $5,500,000. The Federal Reserve Bank of JTew York r e p o r t s an i n c r e a s e of $29,000,000 i n discount h o l d i n g s , P h i l a d e l p h i a an i n c r e a s e of $7,500,000, St. Louis $4,400,000, Chicago $4,000,000, and Kansas City $3,400,000, while the Boston bank r e p o r t s a d e c l i n e of $7,900,000 i n d i s c o u n t s , Richmond $4,100,000, San Francisco $3,100,000, and Cleveland and A t l a n t a .$2,4-00,000 each. Open-market acceptance h o l d i n g s of t h e St. Louis r e s e r v e bank d e c l i n e d $3,300,000. Holdings of a l l c l a s s e s of Government s e c u r i t i e s d e c l i n e d during the week, Treasury c e r t i f i c a t e s by $7,000,000, Treasury n o t e s by $4,300,000, and U. S. bonds by $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 d u r i n g the week comprise an i n c r e a s e of $4,300,000 r e p o r t e d by t h e Federal Reserve Bank of Cleveland and d e c l i n e s of $5,600,000 and $ 3 , 5 - 0 , 0 0 0 , r e s p e c t i v e l y , by itfew York and Chicago. . 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 the week and t h e y e a r ending A p r i l 27, 1927, f o l l o w s : I n c r e a s e . or decrease Week Total r e s e r v e s . Gold r e s e r v e s + + $4,200,000 5,500,000 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 + + + + 9,400,000 29,100,000 9,800 ; 000 19,300,000 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 . . . 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 C. . . . . . - 5,500,000 Year • + + — - -f- _ 14,500,000 — - - 108,700,000 70,100,000 18,600,000 51,500,000 42,900,000 4* 11,500,000 + 56,300,000 14,300,000 19,800,000 5,200,000 ' + + + 71,700,000 66,700,000 7,700,000 - - - $253,300,000 243,800,000 70,500,000 27,300,000 61,400,000 18,200,000 3,200,000 4,300,000 7,000,000 + + during - Released f o r p u b l i c a t i o n Friday morning, April 29, 1927i not e a r l i e r . St. 53^9 a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBIJJED ( i n thousands of d o l l a r s ) Apr. 27,1927 Apr. 20,1927 Apr. 28,1926 RESOURCES Sold with Federal reserve agents . . . . . Gold redemption fund with U. S. Treasury . 1,628,235 4o,6lS 1,658,165 51,299 1,437,742 52,247 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 Sold settlement 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 . 1,558,853 1,709,464 1,489,989 633,802 733,202 598,325 727,539 691,418 Total gold r e s e r v e s . . . . . . . . . Reserves other than gold . 3,040,857 156,501 3,035,328 2,797,093 167,852 156,983 3,207,35S 3,203,180 2,954,076 65,769 66,089 57,937 256,538 186,965 167,623 246,820 275,223 238,445 443,553 4I4,443 513,668 241,899 247,396 199,017 70,673 73,911 93,626 165,292 98,008 150,684 140,121 388,813 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 discounted Total b i l l s discounted 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 indebtedness . . . . . . 29,311 158,341 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 318,325 1,800 332,829 - - Total b 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 Uncollected items . . . . Bank premises H I other resources 1,005,577 660 553,714 1,500 996,168 659 615,686 4,635 8,100 1,114,233 660 638,910 12,998 725,306 58,567 12,753 5,004,654 5,062,722 4,841,584 F. R. notes i n acttial c i r c u l a t i o n . . . . Deposits: Member bank - reserve account . . . . . Government . . . . . Foreign bank Other deposits . . 1,718,257 1,729,751 1,661,982 2,269,513 24,138 4,913 2,249,695 29,360 6,013 14,538 2,202,831 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 i n . . . . . . Surplus All other l i a b i l i t i e s 2,313,860 2,299,606 663,162 2,242,126 TOTAL RESOURCES 53,533 59,537 16,231 L I A B I L I T I E S . . . . . . . . . . . . . . TOTAL LI ABILITIES . . . Ratio of t o t a l r e s e r v e s t o deposit F. R. note l i a b i l i t i e s combined and . . . . 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 C. 15,296 601,649 128,806 223,775 13,317 128,410 228,775 13,018 5,004,564 5,062,722 16,412 5,009 17,874 579.167 122,129 220,310 15,870 4,841,584 79-5$ 79.5% 75.756 146,943 146,069 66,568 ^ [ • " ; • ' • • ' : — — : EE SOURCES AND U T I L I T I E S OF THE FEDERAL RESERVE BANKS OH APRIL 27, 1927. RESOURCES ( I n thousands of d o l l a r s ) Boston Hew York F h i l a . Cleve. Rich. A t l a n t a Chicago S t . L o u i s Gold w i t h F e d e r a l Reserve Agents 125,794 397,309 122,4^4 186,628 62,273 158,919 234,186 1 5 , 6 l l Gold redemption f u n d With U . S . T r e a s . 7 , 0 4 3 10,488 3,698 3,980 1,544 2,631 1,734 l , 6 o o Gold held e x c l u s i v e l y against F. R. notes 407,797 126,152 190,60s ' 63,317 161,550 235,920 17,211 132,837 Gold settlement fund with F . R . B o a r d s , 6 0 9 218,658 43,280 53,465 24,969 22,822 117,687 i6,s4i Gold and gold c e r t i f . held by banks30,383 479,992 28,797 57,476 5,303 4,190 55,977 15,232 Total gold reserves 219,329 1,106,447 198,229 306,549 94,589 188,562 409,584 49,284 Reserves other than gold 22,701 35,428 • 9,446 13,238 24,473 104,035 4,230 7,209 201,800 434,057 4,992 9,899 6,385 9,653 Total re s e r v e s 242,030 1,141,875 204,6i4 Hen-reserve cash 15,802 6,933 1,753 B i l l s discounted: Secured by U.S.Govt. obligations s 8,088 79,620 28,896 Other b i l l s discounted 36,494 18,351 6,259 316,202 36,262 13,663 47,247 49,925 12,450 20,196 3,497 13,316 36,000 26,907 34,383 62,907 11,651 31,622 5,060 29,323 19,922 69,206 3,808 St. 5349b Minn. Kans.Cy. D a l l a s San Fran. T o t a l 56,218 59,370 33,131 176,342 1,628,235 1,422 2,430 1,644 2,k)4 4o,6l8 57,640 12,729 7,110 77.479 4,182 61,800 25,360 34,775 173,746 1,663,853 94,960 59,044 236,301 3,o4o,857 8,186 166,501 7.545 66,539 244,937 3,207,353 7,800 5,342 81,661 100,302 2,411 1,424 15,324 8,945 27,058 30,997 3.299 3,954 65,769 3.502 8,697 3,183 3,565 6,243 9.120 2,329 2,816 33,903 17,954 256,588 186,965 17,199 6,748 15.363 5.145 51,862 18,999 11,965 11,599 10,125 23,374 443,553 241,899 5.333 Total b i l l s discounted B i l l s bought i n open market TJ-v 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 14,347 25,114 116,114 2,339 2,045 5,684 7,317 12,937 35,206 5,145 13,342 3,933 16,719 15,973 1,918 1,403 3,773 135 391 3,384 6,866 18,237 9.860 12,466 5.6I4 5.139 5.739 9.837 4,978 12,780 4,732 8,155 11,977 15,65s 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 10,068 55,460 19,687 36,675 ' 7,099 3,960 49,644 27.659 16,542 27,595 24,864 39,072 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 premi s e s All other r e s o u r c e s 49,529 TOTAL RESOURCES C. - 61,720 3,946 47 55,295 - 226,869 660 171,765 16,276 2,504 1,200 1,500 • — 80,884 106,796 57,395 1,734 150 63,049 7,118 1,043 364,255 1,575,751 346,535 498,443 22,313 9,509 - 38,921 300 - 50,294 144,173 26,650 2,151 2,392 271 1,841 206,831 288,475 54,244 24,491 77,852 3,038 1,708 633,302 733,202 - - - — 3,724 19,630 - 70,673 89.311 158.341 318,325 1,300 63.857 35,255 54,557 40,134 114,303 1,005,577 31.462 3.957 11,472 2.774 2,486 36,564 4,459 482 25,027 390 1,752 311 36,514 3,435 1,260 660 653.714 53,588 12,993 675,727 173,180 135,072 198,775 137,112 404,50S 5,004,664 RESOURCES AND LIABILITIES OF THE FEBERALRESSIRVE BANKS OH APRIL 27, 1927. ( I n thousands of d o l l a r s ) L I A B I L I T I E S R i c h . A t l a n t a Chicago S t . L o u i s Boston New York F h i l a . Cleve. l . R . n o t e s in actual c i r c u l a t i o n Deposits: Member bank - r e s e r v e account Government • r e i g n bank dfbcr deposits 129,081 409,752 120,263 213,716 68,297 173,267 225,235 i47,o4s 1,726 394 S t . 5349c Minn. Kans.Cy. D a l l a s San F r a n . 42,849 63,182 80,567 48,304 1,147 64,948 87,015 996 194 158 113 187 Total 37,154 170,513 1,718,257 2,269,513 Veil165,568 24,13s 1,919 368 4,913 900,09s 133,665 184,434 6 7 , 4 3 4 3,415 3,183 1,258 1,274 273 1,113 505 557 58 143 8,201 143 1,292 149,311 912,827 137,501 187,541 69.039 58,772 149,606 54,057 58,180 50,349 9.027- 38,762 12,974 13.845 6,191 17,606 6 l , 6 l 4 21,267 23,746 12,19s 69,219 327,034 31,245 10,545 31,641 25,980 36,299 5,107 16,892 5,294 2,997 4,206 4,257 9,254 9,632 31,881 9 , 9 3 9 7,527 9,029 8,215 16,121 601,649 128,806 7,602 5,994 20,175 6,286 4,386 5,409 5,117 10,234 146,943 16.682 28,744 53,270 4,6l6 7,050 10,619 6,127 46,833 400,761 Total de-posits Deferred a v a i l a b i l i t y items Capital p a i d i n Surplus A l l lather l i a b i l i t i e s 458 3,190 473 1.415 364,255 1 , 5 7 5 , 7 5 1 346,535 498,443 TOTAL LIABILITIES 86.3 79.4 78.8 86.9 Reserve r a t i o ( p e r c e n t ) 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 4 1 , 2 4 5 1 4 , 0 3 5 15,496 10,964 ? . B % o t e s on hand ( n o t e s r e c ' d from 1 2 8 , 8 7 4 45,191 2o,755 JUL Agent l e s s n o t e s i n c i r c u l a t i o n ) 26,000 3,868 1,967 85 969 314 73,328 330,695 2 6 , 4 9 2 68,483 82,826 21b 1,719 725 226 49,796 88,318 184 28 3.763 15,296 6 l , 0 0 0 171,618 2,313,86O 228,775 506 701 11.117 1.027 1 . 0 2 5 633 58A 2.541 757 206,831 288,475 675,727 173,180 1 3 5 , 0 7 2 198,775 1 3 7 , 1 1 2 404,508 5 , 0 0 4 , 6 6 4 67.8 71.6 78.1 55-1 72.3 65.4 81.8 79.5 75.8 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS P. R. n o t e s r e c ' d from Comptroller I . R. n o t e s h e l d by F. R. Agent 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 held as security f o r F . R . n o t e s i s s u e d t o FiR.Bank: Gold snd g o l d 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 250,681 95.600 155,081 830,706 192,754 281,361 292,080 27,300 538,626 165,454 240,471 35.300 235.104 235,104 39,461 i4o,ooo 156,419 11,494 79.000 165,255 40,890 22,205 108,233 23,254 84,979 277,881 454,305 69,245 87,364 102,907 61,318 262,046 2,978,801 75.870 175,800 202,011 278,505 13.377 8,780 36,469 16,457 52,219 68,580 27.764 45.643 - 12,84s 5,804 7.462 2,186 109,077 165,000 20,000 135.000 232,000 94,000 21,780 47,465 17,132 7,750 13,507 35,662 18.453 70,232 27,340 75.567 2,561 1,711 5.510 5,300 41,000 53,860 26,790 18,037 44,700 859.783 43,281 217,346 2,119,018 18,238 3 8 , 0 0 0 409,605 2,893 1 3 , 3 2 4 101,375 12,000 125,018 1 , 1 1 7 , 2 5 5 15,189 7 4 , 7 2 2 654.902 553,728 174,673 255,208 90,037 204,562 328,186 51,273 74,671 86,160 48,320 251,064 2,283,137 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS Within 15 days B i l l s discounted S 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. 351,538 121,147 16 t o 30 days 31 t o 60 days 6 l t o 90 days 21,037 68,003 36,778 38,412 50,387 10,815 21,561 91 days t o 6 months 10,660 3,522 86,927 Over 6 months 1.979 21,027 Total 443,553 241,899 158.341
@FedFRASER