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Released f o r p u b l i c a t i o n Friday morning, Aug. 12; not e a r l i e r . STATEMENT FOE TEE FREES St. Federal Reserve Board, August 11, 1927. • CONDITION OF FErERJLL RESERVE BAUKS The consolidated statement of condition of the Federal reserve tanks on August 10, me.de public by the Federal Reserve Board, shows decreases for the week of f21,400,000 i n b i l l and security holdings, of $34,8(50,000 i n member banlc r e serve d e p o s i t s , of §4,000.000 i n Federal reserve note c i r c u l a t i o n , and of $8,100,000 i n cash r^erv^sy Holdings of discounted b i l l s were $32,300,000 below and of G o v e r n m e n t / a b o v e the preceding week's t o t a l s . All the Federal reserve banks report d e c l i n e s i n discount holdings except Boston, and Hew York, which show i n c r e a s e s of $9,200,000 and $1,100.000, respect i v e l y . The p r i n c i p a l decreases i n disccunts f o r the week were: San Francisco $11,600,000, Chicago $5.0.900,000, Philadelphia $5,500,000, Cleveland $5,100,000, and St . Louis and Ilansas City $2,700,000 each. An increase of $13,500,000 i n open-market acceptance holdings at the Hew York bank was more than o f f s e t by decreases aggregating $15,700,000 at the other banks. Holdings of a l l c l a s s e s of Government s e c u r i t i e s increased during the week - Treasury c e r t i f i c a t e s by $6,000,000, Treasury notes by $4,100,000, and United States bonds by $2,900,000. The p r i n c i p a l changes i n Federal reserve note c i r c u l a t i o n comprise a decrease of $8,700,000 reported by the New York bank and an increase of $5,200,000 by Cleveland. A summary of changes i n the principal 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 August 10, 1927. f o l l o w s : Increase or decrease during Year Week Total reserves Gold r ese r v e s - $8,100,000 - 2,000,000 + $179,500,000 + 170,800,000 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 discounted - 32,300,000 - 21,400,000 - - 40,000,000 + 7,700,000 B i l l s - b o u g h t i n open market - 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 indebtedness . . . + 13,000,000 + 2,200,000 2,900,000 + 4,100,000 + 6,000,000 - 55,300,000 + 54,500,000 + 108,300,000 135,000,000 81,400,000 4,000,000 - 13,700,000 - 39,500,000 + + 86,300,000 89,500,000 5,100,000 - 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 - 34,800,000 72,400,000 + Federal reserve notes i n c i r c u l a t i o n C. 138,500,000 135,900,000 63,500,000 - 3,600,000 Released f o r p u b l i c a t i o n jpridpy morning, ku.gu.st 12, 1927; noi e a r l i e r . St. 5 ^ 9 a EESOURCES AHD LIABILITIES OF THE TWELVE FEDERAL BESBH^E BASICS COMBINED V ( I n thousands qf d o l l a r s ) Aug. 10.1927 Aug. 3,1927 Aug. 11,1926 RESOURCES Gold with Federal reserve agents Gold redemption fund with U.S. Treasury . . 1,615; 882 41,752 1,588,341 40,219 1,453,356 Gold h e l d e x c l u s i v e l y against F.R. notes Gpld settlement fund with F. R. Board . . Gold and gold c e r t i f i c a t e s h e l d by banks . 1,657,634 1,628,560 644,942 705,429 664,501 716,966 1,503,085 674,266 659,833 Total gold r e s e r v e s Reserves other than gold 3,008,005 146,158 3,010,027 152,248 2,837,184 137,433 3,154,163 3,162,275 2,974,617 56,560 55,684 51,968 225,487 187,618 179,870 265,503 289,027 259,984 413,105 445,373 549,011 B i l l s bought i n open market 175,707 177,882 230,968 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 191,611 88,913 139,753 188,715 84,828 133.737 83,351 223,959 58,372 420,277 407,280 365,682 1,300 1,300 3,200 1,010,389 48,759 594,915 59,4l4 15,542 1,031.835 1,148,Sol 684' 4,939,742 5,010,786 4,883,637 1,568,488 1,672,530 1,682,214 2,315,141 2,225,644 2,349,898 13,727 ,67 15,202 5,-205^ 10,793 24,823- 4 7 16,237 . Total r e s e r v e s lion-re serve 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 discounted Total b i l l s discounted 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 . . . . 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 . . Bank premises A l l other resources TOTAL RESOURCES 48,723 637,703 59,414 15,152 49,729 630,072 59,896 17,539 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 n Deposits: Member bank - reserve 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 i n Surplus All other l i a b i l i t i e s TOTAL LIABILITIES . . . . 10,125 4,639 24,229 2,267,876 572,872 130,058 228,775 13,264 2,393,649 573,844 129,864 228,775 12,124 4,939,742 5,010,786 4,883,637 2,354,134 . 545,023 123,108 220,310 17,257 Ratio of t o t a l r e s e r v e s to d e p o s i t and F. R. note l i a b i l i t i e s combined . . . . 78.4% 77.8# 75.3# 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 155,453 150,745 50,807 C. HE S6ER6BS MB MABILIIIB.S. OZ 'THE FEDERAL RESERVE BAMKS Oil AUGuST 10, 192?. ( i n thousands of d o l l a r s ) Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Gold with Federal Reserve Agents 1 , 6 1 5 , 8 8 2 136,831 331,454 131,030 201,595 54,809 l 4 o , 4 l l 263,865 2 7 , 6 l 4 Gold redemption fund with TJ.S.Treas. 41,752 4,788 13,918 5,012 4.580 587 1,876 2.165 1,624 Gold held e x c l u s i v e l y against F. E. n o t e s 1,657,634 l4l,619 345,372 136,042 206,175 55,396 142,287 266,030 29,238 Gold settlement fund with F.R.Board 644,942 48,858 230,270 41,845 71,170 24,729 8,091 119.455 11,390 Gold and gold c e r t i f . held "by "banks 705,429 28,966 4,846 4.115 54.690 15,090 471,095 27,561 43,558 Total V^o.ld reserves 3,003,005 219,443 1,046,737 205,448 320,903 84,971 154,493 440,175 55,718 Reserves other than gold 146,158 14.821 6.762 8.208 30.801 6.892 14.536 23.182 15,993 Total reserves 3,154,163 234,264 1,077,538 212,210 329,111 91,863 169,029 463,357 71,711 Hon-reserve cash 56,560 6,349 13,815 1,221 2,685 5,155 4,858 3,702 9,223 B i l l s discounted: Secured "by U.S.Govt, o b l i g a t i o n s 4,828 225,487 15,163 3,701 29,821 10,672 81,537 24, >482 26,095 Other "bills discounted 187,618 17,959 43,297 12,920 8,887 12,496 23,467 17,586 9,759 Total "bills discounted 413,105 33,122 124,834 37,402 34,982 17,324 32,163 47,407 20,431 B i l l s "bought i n open market 4,987 72,711 7.511 12,964 8,672 7,609 18,921 175,707 12,115 U. S. Government s e c u r i t i e s : 191,611 7,142 Bonds 27,392 9,956 26,737 7,885 3,516 36,555 12,694 Treasury notes 1,784 .7,222 10,631 4 , i 4 6 88,913 3,879 19,874 9,516 7,077 6,746 17,043 10,509 C e r t i f i c a t e s of indebtedness 29,815 13,482 11,047 7,437 139.753 7,123 St. 5US9D RE S O U R C E S Total U. S Govt. s e c u r i t i e s 420,277 Other s e c u r i t i e s 1,300 Total "bills and s e c u r i t i e s 1,010,389 Dae from f o r e i g n "banks 48,759 Uncollected items 594,915 Bank premises 59,4l4 All other resources 15,542 t o t a l rescuecss 18,144 77,081 - —• 63,381 274,626 3,643 55,749 3,946 13,641 147,312 62 16,276 5.512 30,660 1,000 48,465 - 19,468 - 12,046 300 63,114 - 30,280 - 76,573 4,663 96,411 45,464 52,123 129,442 55,698 5,149 1,749 327 7.119 1,347 2,526 51,223 2,366 22,856 75,378 2,900 8,521 50,069 55.791 317 1,991 1,571 6,703 1,428 2,089 28,284 3,957 912 Minn. Kans.Cy. Dallas San Fran. 57,057 62,676 27,907 180,633 627 2.791 1.075 2.709 57,684 65,467 28,982 183,342 10,419 30,361" 10,978 37,376 A, 527 30,002 8.212 . 1,767 76,315 103,595 49,487 250,720 7 7??: 4.175 7.81? 5.243 80,490 108,843 1,267 2,785 57,299 258,448 2,467 3,033 468 4,474 855 6,836 3,740 7.547 24,125 17.390 4,942 4,653 7,691 5,926 11,237 5,908 41,515 13,730 8,835 5,865 5,053 15,723 5.877 9,564 14,122 8,148 5,071 21,004 7,971 13,786 19,753 31,164 27,341 42,761 - 29,348 1,457 12,131 2.774 1.775 - 44,781 - 44,536 1,700 1,797 36,361 22,618 4,464 1,827 ,6JS__ 565 - 98,006 3,4oo 37,143 3,515 1,087 4,939,742 367,394 1,548,720 346,812 497,613 198,914 255,328 694,052 166,353 ±29,242 199,670 131,012 4o4,632 L I A B I L I T I E S St. 5469c HE SOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAIT7CS OS AUGUST 10, 1927. ( i n thousands of d o l l a r s ) Total Boston Mew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Ilans.Cy. Dallas San Fran. 1,668,488 137,543 370,099 129,700 214,999 58,356 153,252 237,617 39,606 57,558 63,892 37,217 168,649 F.R.notes i n actual c i r c u l a t i o n Deposits: Member tank - reserve account 2,315>1^1 148,297 929,622 Government 10,125 135 1,382 Foreign "bank 4,639 351 24,229 211 Other d e p o s i t s ih2B Total d e p o s i t s 2,354,134 148,994 948,929 deferred a v a i l a b i l i t y items 545,023 53,417 126,420 Capital paid i n 130,058 9,426 39,054 Surplus 228,775 17,606 6i,6i4 13,264 408 A l l other l i a b i l i t i e s 2,6O4 TOTAL LIABILITIES 4,939,742 367,394 1,548,720 Reserve r a t i o (per cent) 81.8 78.4 81.7 Contingent l i a b i l i t y on b i l l s parchased f o r f o r e i g n correspondents 44,470 155,453 11,513 F.R.notes on hand ( n o t e s r e c ' d from .R. Agent l e s s notes i n c i r c u l a t i o n ) 3 7 5 , 8 1 1 22,775 123,822 F.R.notes r e c ' d from Comptroller F.R.notes h e l d by F. R. Agent F.R.notes i s s u e d to F. R. Bank C o l l a t e r a l h e l d as security f o r F.R. notes i s s u e d 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 14,736 16,271 7,982 6,294 21,183 6,601 4,605 5,680 9,181 6,112 6,251 37,330 19,819 14,869 26,311 53,499 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 5,373 10,745 6,214 49,628 2,904,294 241,718 859,995 81,400 786,001 204,630 261,408 98,919 254,603 448,666 65,358 87,083 ill,373 60,858 283,677 2,044,299 160,318 493,921 167,030 234,818 73,225 179,563 291,116 45,718 63,809 215,150 21,304 36,469 17,218 4,590 4,543 413,277 103,546 1,099,059 558,173 35,300 17,531 84,000 45,237 2,174,055 182,068 Total 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 : C* 134,585 189,030 72,511 63,445 334,623 79,507 48,705 88,887 57,086 168,843 949 729 1,137 1,185 918 967 518 731 755 a? 164 328 244 192 646 201 496 450 173 168 206 1,011 147 53 152 1,074 338 21 4.010— 136,190 191,266 73,945 64,756 336,861 80,777 49,712 89,983 58,462 174,259 46,266 52,330 47,519 21,869 67,193 29,643 10,477 31,869 22,331 35,639 4,224 4,262 9,207 13,O4O 13,897 6,210 5,143 17,299 5,287 3,009 21,267 23,746 12,198 9,632 31,881 9,939 7,527 9,029 8,215 16,121 349 1,325 686 676 3.201 1.101 ASA aZ3_ 525 757346,812 497,613 198,914 255,328 694,052 166,353 129,242 199,670 131,012 4o4,632 80.7 70.7 75-0 59.9 75.4 79-8 81.0 69.4 59.6 77.5 413,105 175,707 139,753 292,080 12,753 26.590 30,000 11,595 25.694 75.040 157.TO) 1,865 19.640 23,274 8,500 12,267 3,H4 1,790 38,300- J 7,4?7 65,400 73,073 43,431 218,277 3,816 58,860 18,373 40,000 4,534 16,111 5,000 124,522 95,000 118,277 160,000 13,750 118,650 262,000 16,000 43,000 9.188 13,086 16,749 54.283 183,337 36,33% 46,062 25,356 39,198 64.576 24.768 514,791 167,363 247,657 80,165 179,609 328,441 52,382 66,245 75,762 44,656 234,916 Within 15 days 322,069 iil,46o 37.600 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS • • 91 days to 16 to 30 days 31 to 60 days 6l to 90 days g months 20,860 30,151 2,362 38,608 22,340 63,408 23,532 10,231 7,894 1,525 Over 6 months 142 73,983
@FedFRASER