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STATEMENT FOE THE PRESS St . 5326 Released, f o r p u b l i c a t i o n F r i d a y morning, Apr. 3 ; not e a r l i e r . Federal Reserve Board A p r i l 7, 1927. CONDITIO! OF FEDERAL RESERVE BANKS 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 t h e F e d e r a l r e s e r v e b a n k s on A p r i l 6, made p u b l i c by t h e F e d e r a l R e s e r v e B o a r d , shows d e c l i n e s f o r t h e week of $ 6 3 , 4 0 0 , 0 0 0 i n " b i l l and s e c u r i t y h o l d i n g s , of $ 4 2 , 5 0 0 , 0 0 0 i n member b a n k r e s e r v e d e p o s i t s and of $ 1 8 , 3 0 0 , 0 0 0 i n Government d e p o s i t s , an i n c r e a s e . : of $ l b , 1 0 0 , 0 0 0 i n F e d e r a l r e s e r v e n o t e c i r c u l a t i o n and a r e l a t i v e l y s m a l l i n c r e a s e i n c a s h r e s e r v e s . H o l d i n g s of d i s c o u n t e d b i l l s and of Government s e c u r i t i e s were $ 5 4 , 1 0 0 , 0 0 0 and $ 1 1 , 2 0 0 , 0 0 0 , r e s p e c t i v e l y , below t h e p r e c e d i n g w e e k ' s t o t a l s , w h i l e h o l d i n g s of a c c e p t a n c e s p u r c h a s e d i n open market i n c r e a s e d $1,800,000. ^ Discount h o l d i n g s of t h e F e d e r a l R e s e r v e Bank of B o s t o n d e c l i n e d $25,300,000 d u r i n g t h e week, of New York $ 1 7 , 1 0 0 , 0 0 0 , P h i l a d e l p h i a , $ 1 4 , 2 0 0 , 0 0 0 , Chicago $ 1 3 , 9 0 0 , 0 0 0 , and S t . L o u i s $ 7 , 1 0 0 , 0 0 0 . The San F r a n c i s c o b a n k r e p o r t s axi i n c r e a s e of $ 1 2 , 5 0 0 , 0 0 0 i n d i s c o u n t h o l d i n g s and C l e v e l a n d an i n c r e a s e of $ 1 0 , 9 0 0 , 0 0 0 . D e c r e a s e s of $ 1 4 , 8 0 0 , 0 0 0 i n t h e System 1 s h o l d i n g s of T r e a s u r y c e r t i f i c a t e s and of $ 3 , 0 0 0 , 0 0 0 i n T r e a s u r y n o t e s were p a r t l y o f f s e t b y an i n c r e a s e of $ 6 , 6 0 0 , 0 0 0 i n h o l d i n g s of U n i t e d S t a t e s b o n d s . The p r i n c i p a l c h a n g e s i n F e d e r a l r e s e r v e n o t e c i r c u l a t i o n d u r i n g t h e week comprise i n c r e a s e s of $ 5 , 8 0 0 , 0 0 0 r e p o r t e d by t h e F e d e r a l R e s e r v e Bank of Chicago and $ 3 , 9 0 0 , 0 0 0 e a c h b y Hew York and San F r a n c i s c o . A summary of c h a n g e s 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 t h e r e s e r v e b a n k s d u r i n g t h e week and t h e y e a r e n d i n g A p r i l 6 , 1927, f o l l o w s : Increase or decrease Week during Year Total reserves Gold r e s e r v e s + $700,000 + :1,000,000 + $249,800,000 + 239,600,000 T o t a l M i 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 . G o v t , 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 . . . . . - 63,400,000 - 54,100,000 - 45,800,000 - 8,300,000 - 178,700,000 176,600,000 76,900,000 99,700,000 + + 9,400,000 B i l l s bought i n open mar Ice t . . U. S. Government s e c u r i t i e s , t o t a l 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 . . 1,800,000 - 11,200,000 + 6,600,000 100,000 100,000 - 3,000,000 - 14,800,000 + 49,500,000 49,500,000 Federal reserve notes i n c i r c u l a t i o n . + 16,100,000 + 74,600,000 Total deposits 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 . . - 62,000,000 - 42,500,000 - 18,300,000 + - 13,000,000 4o.3oo.ooo 47,100,000 c R e l e a s e d f o r p u b l i c a t i o n F r i d a y m o r n i n g , A p r i l 8 , 1927', n o t e a r l i e r . S t . 5326a BE SOURCES M D LIABILITIES OF THE TWELVE FEDERAL RESERVE BAHKS COMBINED ( i n t h o u s a n d s of d o l l a r s ) Apr. 6 , 1927 Mar. 30,1927 Apr. 7,1926 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 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 u r y . 1,676,159 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 e m e n t f u n d w i t h F. R. B o a r d . . Gold and g o l d c e r t i f i c a t e s h e l d b y t a n k s . Total gold reserves 613,278 733,509 3,022,946 160,490 Reserves other than gold 3,183,436 59,972 Total reserves . . . . . ' Uon-reserve cash 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 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 1,630,855 45,304 . 213,306 T o t a l U. S. Government 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 g o l d 620,488 735,895 3,021,899 I6O,794 3,182,693 63,759 259,086 188,642 196,937 401,948 456,023 239,221 . . . . 1,613,495 52,021 1,665,516 74,870 85,377 181,688 341,935 237,409 68,206 88,380 196,516 353,102 2,500 2,500 985,604 659 1,049,034 660 602,896 1,384,531 47,741 1,432,272 730,247 620,827 2,783,346 150,305 2,933,651 61,484 290,169 288,383 578,552 229,773 74,997 134,897 132,135 342,029 5,185 8,800 13,057 1,164,339 643 635,145 59,480 i5,o4o 4,945,172 4,970,584 4,869,782 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 . . . . 1,727,429 1,711,337 1,652,878 Deposits: Member bank - r e s e r v e a c c o u n t Government F o r e i g n bank Other d e p o s i t s . . . . 2,231,951 13,527 4,925 15,064 2,274,464 31,869 2,191,635 60,580 15,622 18,298 2,265,467 582,633 128,212 228,775 2,327,501 2,278,467 582,779 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 b a n k s Uncollected items Bank p r e m i s e s All other resources 643,961 58,558 12,982 TOTAL RESOURCES 58,485 L I A B I L I T I E S Total deposits Deferred a v a i l a b i l i t y items Capital paid in Surplus All o t h e r l i a b i l i t i e s 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 f o r e i g n c o r r e s p o n d e n t s •. . c. 12,656 4,945,172 5,546 562,660 127,602 228,775 12,709 4,970,584 7,954 120,455 220,310 14,893 4,869,782 79.7$ 78.8$ 74.6$ 147,819 147,69s 68,172 EE SOURCES M D LIABILITIES Of THE FEDERAL EE SERVE BANKS ON APRIL 6, 1927. R E S O U R C E S ( i n t h o u s a n d s of d o l l a r s ) B o s t o n New York F h i l a . Cleve. R i c h . 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 110,208 403,4-98 123,910 197,263 70,013 167,036 212,310 19,278 Gold r e d e m p t i o n f u n d w i t h ' J . S . T r e a s . 4,695 9,539 10,334 2,781 1,410 2,459 4,422 1,752 " 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 e m e n t f u n d w i t h F . R . B o a r d Gold and g o l d c e r t i f . h e l d "by "banks Total gold reserves Reserves other than gold Total reserves Ion-reserve cash B i l l s discounted: S e c u r e d "by U . S . G o v t . o b l i g a t i o n s Other "bills discounted Total "bills 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 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 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 b a n k s Uncollected items Bank p r e m i s e s All other resources TOTAL RESOURCES c. 114,903 63,555 30,299 S t . 5326b Minn. Kans.Cy. D a l l a s San F r a n . Total 60,328 63,801 34,900 167,710 1,630,855 1,991 1,875 1,572 2,4-74 4^,304 413,037 134,244 200,044 71,423 169,495 216,732 21,630 62,319 65,676 36,472 170,184 1,676,159 125,803 51,288 48,996 27,965 19,820 151,491 18,897 18,430 29,489 19,841 37,703 613,278 488,681 27,123 55,568 4,775 4,083 51,822 13,982 6,851 7,576 8,854 33,895 733,509 208,757 1,027,521 212,655 304,608 104,163 193,398 420,045 54,509 87,600 102,741 65,167 241,782 3,022,946 22,340 32,923 5,637 11,647 9,443 11,351 22,696 19,147 4,279 5,24s 7,632 8,092 160,490 231,097 1,060,444 218,292 316,255 113,611 204,749 442,741 73,656 91,879 107,989 72,849 249,874 3,183,436 59,972 987 2,434 2,538 3,246 14,966 1,855 4,701 6,074 4,318 8,675 3,48b 6,692 12,774 10,805 23,579 26,441 69,301 33,917 103,218 56,884 19,990 28,48b 6,619 4,286 30,823 6,109 15,785 16,325 13,543 25,807 29,906 4,725 35,775 44,811 20,162 30,093 60,729 10,834 10,943 20,734 9,622 11,152 29,704 20,779 2,241 3,881 2,915 6,627 5,156 10,50s 7,543 12,009 1,326 27,470 2,544 25,743 3,870 53,213 8,927 24,483 213,306 188,642 401,943 239,221 2,124 l,l6S 6,561 11,947 1,200 3,964 25,711 4,653 9,977 39,864 13,834 22,664 1,918 826 4,354 111 24,446 5,333 385 7,690 8,437 2,373 20,516 13,839 5,615 9,838 4,650 3,724 4,246 3,179 6,306 12,749 6,681 14,579 13,824 22,599 74,370 85,377 181,688 9,853 77,522 19,687 36,605 2,500 7,098 2,869 52,652 27,659 16,542 27,596 24,780 39,072 341,935 - 59,873 59,965 3,946 47 - - - - - - - - - 237,624 68,905 102,150 36,882 44,n4 143,085 59,272 29,241 50,113 37,577 116,763 659 160,659 53,652 60,622 52,905 27,707 82,374 33,115 11,644 40,353 23,24l 37,724 16,276 1,714 7,119 2,152 2,895 8,038 3,957 2,774 4,459 1,752 3,476 982 2,001 327 1..136 320 1,908 2,240 499 2,249 239 1,034 361,620 1 , 4 9 2 , 8 7 7 344,657 491,831 211,944 235,691 687,153 174,468 138,526 205,847 1 3 8 , 2 8 4 412,224 2,500 935,6O4 659 643,961 58,558 12,982 4,945,172 HE-SOURCES AND LIABILITIES OF THE. FEDERAL RESERVE BAMS OH APRIL 6 , 1927. ( I n t h o u s a n d s of d o l l a r s ) L I A B I L I T I E S Cleve. R i c h . A t l a n t a C h i c a g o S t . Loui s B o s t o n Hew York F h i l a . 421,222 116,395 204,162 69,449 173,972 227,526 42,923 F.R.notes in actual circulation 128,193 Deposits: Member "bank - r e s e r v e a c c o u n t 819,451 143,611 191,576 71,904 69,493 336,038 81,493 147,712 Government 4,858 4ll 931 1,203 257 92S i,o44 1,294 226 F o r e i g n bank 215 725 1,126 505 557 273 394 61 932 Other deposits 275 7,975 269 1,209 65 127 Total deposits 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 Minn. K a n s . C y . D a l l a s San F r a n . Total 64,931 67,155 39,592 171,909 1,727,429 87,753 60,014 172,189 2,231,951 751 250 13,527 896 184 36s 4,925 194 38 3,700 15,064 128 33,971 60,987 176,507 2,265,467 35,837 24,750 37,719 582,633 4,209 4,274 9 , 3 7 1 128,212 9,029 8,215 16,121 228,775 %6 4# 597 12.656 205,847 138,234 412,224 4,945,172 72.4 69.2 71.7 79.7 333,623 83,038 69,462 32,335 16,930 5,277 31,881 9,939 2.681 906 687,153 174,468 78.2 58.5 50,711 699 15s 285 51,853 10,215 3,oo4 7,527 996 133,526 78.7 6,055 20,379 6,350 4,430 5,464 5,169 10,337 147,819 116,083 47,515 30,494 15,810 30,956 48,787 4,650 4,636 10,442 5,423 44,325 385,073 149,533 833,410 56,931 135,330 8,889 38,293 6l,6l4 17,606 468 3,008 361,620 1,492,877 83.2 84.5 TOTAL LIABILITIES Reserve r a t i o (per cent) 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 chased f o r foreign correspondents 11,076 r . 3 . n o t e s on h a n d ( n o t e s r e c ' d f r o m F.R, \gent l e s s n o t e s i n c i r c u l a t i o n ) 25,952 S t . 5320c 144,796 48,878 12,922 21,267 399 344,657 83.6 194,273 54,640 13,803 23,746 1,257 491,881 79.4 73,450 49,918 6,169 12,198 760 211,944 79-5 4I,O49 14,177 15,654 7,679 70,026 26,518 5,021 9,632 522 285,691 83-9 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL S3S35VE AGENTS F„ R. n o t e s r e c ' d f r o m C o m p t r o l l e r F- "R- n o t e s h e l d by F . R. Agent luir. n o t e s i s s u e d t o F . R . B a n k Collateral held as security for F-R. n o t e s i s s u e d t o F.R.Bank: Gold and g o l d c e r t i f i c a t e s Gold r e d e m p t i o n f u n d Gold f u n d - F . R. B o a r d E l i g i b l e paper Total collateral 255,095 100,950 154,145 829,385 136,610 283,736 109,973 262,273 433,413 69,553 87,474 104,137 63,052 262,934 2,947,635 292,080 22,700 49,080 24,714 57,345 157,100 21,930 17,907 26,540 18,037 46,700 335,133 537,305 163,910 234,656 85,259 204,928 276,313 47,573 69,567 77,597 45,015 216,234 2,112,502 35,300 15,908 59,000 50.020 160,228 235,104 8,780 36,468 22,394 9,233 13,433 5,545 i46,ooo 114,677 175,000 28,000 150.830 4l.64o 62.PAS 28.586 554,328 165,550 260,258 98,599 v i i t h i n 15 d a y s B i l l s discounted B i l l s b o u g h t i n open m a r k e t 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. 312,4l4 107,296 370 18,273 30,000 4oi,6o4 16,422 7,750 13,507 99,834 6,6l4 2,310 1,828 821 4,941 2,627 14,130 144,000 210,000 10,300 46,000 58,860 14,000 123,580 1,129,417 40.831 89.906 31.113 12.480 22.264 12.671 76.716 620.052 207,867 302,216 50,991 72,808 86,065 47,571 244,426 2,250,907 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 91 days t o Over b months l 6 t o 30 d a y s 31 t o 60 d a y s 6 l t o 90 d a y s 6 months 23,799 68,371 34,724 43,143 19,695 12,820 74,064 9,087 2,591 86,898 2,229 20,356 Total 401,948 239,221 181,688
@FedFRASER