The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Beleased f o r p u b l i c a t i o n Friday morning, Aug. 13; not e a r l i e r . STATEMENT FOB THE PHESS s t . 5052. F e d e r a l Beserve Board August 12, 1926. CONDITION OF FEDERAL RESERVE 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 t h e F e d e r a l r e s e r v e t a n k s on August 11, made p u b l i c by t h e F e d e r a l Reserve Board, shows i n c r e a s e s of A 9 0 0 , 0 0 0 i n member bank r e s e r v e d e p o s i t s and $4,100,000 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 and d e c l i n e s of $700,000 i n b i l l and s e c u r i t y h o l d i n g s and $2,000,000 i n cash r e s e r v e s . Holdings of d i s c o u n t e d b i l l s i n c r e a s e d $1,400,000 and of a c c e p t a n c e s purchased i n open market $2,500,000, while Government s e c u r i t y h o l d i n g s d e c l i n e d $4,500,000. The F e d e r a l Be serve Bank of New York shows an i n c r e a s e of $24,000,000 i n discount h o l d i n g s and Cleveland an i n c r e a s e of $6,300,000, t h e s e i n c r e a s e s e m g n e a r l y o f t s e t by d e c l i n e s a t most of the o t h e r banks, t h e p r i n c i p a l de. 821 i n ° 5 e a ® ® . o f $2,300,000 i n h o l d i n g s of acceptances bought i n the oven $3,000,000 a t A t l a n t a , and $2,700,000 a t Chicago serve h ° f S ^ 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 the r e ve banks d u r i n g the week and t h e . y e a r ending August 11, 1926, f o l l o w s : I n c r e a s e or d e c r e a s e during .. Week fcid^v : v . \ v T ot al 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. 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 . . . . . . . . . . jqq qqq + 1,400*000 + 7,800 000 - 6,400^000 __ Year + $63,900,000 + 59,600,000 + 58,100,000 + 10,800,000 200,000 + 11,000,000 B i l l s bought i n open market 4 2,500,000 + 19.300,000 U. S. Government s e c u r i t i e s , t o t a l . . . . Bonds • . « + 4,500,000 100,'000 + + Certificate^of i n i e W ^ s " T o t ^ 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 W. 2,400,000 . Federal reserve notes i n c i r c u l a t i o n 37,100,000 14,300,000 25,200,000 . . . + 4,100,000 64,500,000 - 1,400,000 + g qno oon l^OO.OOO + 31,600,000 + 46,000,000 - 16,000,000 Released f o r p u b l i c a t i o n F r i d a y n o r n i n z , Aug. 13, 1 9 2 6 ; not e a r l i e r . S t . 5052& RESOURCES A,.'i LIABILITIES OF THE TWELVE FEDERAL RESERVE BtNKS C CMBIK5D ( I n thousands of d o l l a r s ) - Aug. 1 1 . 1926 RESOURCES l-old with Federal r e s e r v e a g e n t s . . . . 3-old redemption fund w i t h U. S. Treasury Aug. 4, 1926 Aug..12, 1926 1,447,740 55,694 1,453,356 49,729 1,431,397 53,189 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 Gold s e t t l e m e n t f u n d w i t h F.R. Board . . Gold and gold c e r t i f i c a t e s h e l d by banks 1,503,025 674,266 1,454,556 685,17^ Total gold r e s e r v e s Reserves o t h e r than gold 2,837,184 2,83 6 , 9 4 6 ^ 139,640 . 137,433 Total r e s e r v e s . . . Son-reserve c a s h . S 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 d i s c o u n t e d B i l l s bought i n open market (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 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 l o a n s on gold TOTAL RESOURCES . . . . . . 1,503,434 675,046 599,130 2,777,610 133,052 2,976,5esr^ 2,910,692 51,358 50,557 289,027 259,954 549,011 266,337 281,26s 259,251 248,933 547,605 538,184 230,968 228,492 211,659 83,351 223,959 58,372 33,662 225,552 55,376 69,047 226,374 33,159 365,652 370,220 325,550 3,200 3,200 1,850 10,500 - Total 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 Uncollected items . Bank premises 'ill o t h e r r e s o u r c e s . . L I A B I 1 I 2,974,617 51,96s ( 1,145,861 6g4 630,072 1,V90,773 1,149,517 697 631 r 647,738 6i,ll4 21,177 629,825 59,550 17,459 59,896 11^39 4,553 , 637 4 , 5 S 5 , 2 ^ r 4,782,688 1,652,214 1,675,083" 2,225,644 15,202 10,793 2,216,700 25,l0g 8,600 15,826 2,179,668 31,191 5,502 19,578 2,269,234 2,236,239 552,794 115,816 217,837 12,324 Til 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 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 Total deposits . . . Deferred a v a i l a b i l i t y i t e m s . . . Capital paid i n . . . . . . . . . Surplus All o t h e r l i a b i l i t i e s TOTAL LIABILITIES . . 16,237 2,267,57b 572,872 123,105 220,310 17,257 4,553,637 9L 577,963 122,991 220,310 16,691 4,585,227-, 1,617,678 4,782,688 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. note l i a b i l i t i e s combined . . . 75-3% 75.4* 75-936 Contingent l i a b i l i t y cn b i l l s p u r c h a s e d f o r foreign correspondents . . . . . 50,807 5M77 31,186 C. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAI3KS OH AUGUST 11, 1926. ( I n thousands of d o l l a r s ) R E S O U R C E S Boston s : S L S S j r . ™ ; Hew York Phila. l s i s f t s a Cleve. R i c h . A t l a n t a Chicago S t . L o u i s ' h s St R0R2h Minn. Kans.Cy. D a l l a s San F r a n . »,•% *,•% Total •.'g.;* Gold h e l d e x c l u s i v e l y a g a i n s t j . R. n o t e s 138,535 37°,246 112,279 125,193 39,828 145,974 170,954 20,091 53,659 55,869 20,413 190,044 ^ s s T o t a l gold r e s e r v e s R e s e r v e s o t h e r t h a n gold 226,856 14,330 Total r e s e r v e s 4 , 3 6 7 t S ^ g S S L T T o t a l b i l l s discounted D"S! ^ 72,235 1.833 91,089 4.%6 45,233 250,427 2 837 184 8.417 7.m 305,303 85,166 183,125 403,692 71,924 74,068 95,475 53,650 3 4,222 1.197 2,2% 1,977 13,013 S '667 ' 9 * B 4 '414 d 9.W a & a 4 42,890 °23,014 'UiH 44,666 44,102 52,065 110,495 U -*W Z26,145 t 145 "33,037 ,037 6,856 6,856 1,614 im I # j 6 5,186 15,006 l1,411 ^'uil 9,789 24,479 2,833 1,901 5,633 ?1 .°6d6 si 358 1,559 50 23,133 25,259 7,523 7,076 12,987 "AVc 3,936 72,602 a,605 35,101 9,202 1,967 55,915 23,999 7,765 Otner s e c u r i t i e s TOTAL RESOURCES 2 37,810 17,996 12,687 Total MIls_and s e c u r i t i e s r*u.£ f rem j. c j f * 6 b & z i k s U n c o l l e c t e d 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 1,152 190,253 37,066 T o t a l U.S. Govt, s e c u r i t i e s 2,COO 58,655 299,921 6S^ 57,277 148,762 4,068 71 a t e 52,652 19.272 24,220 21,748 f : .SW8 V 085 79,078 173,375 380,581 b.OSS 9 , 7 5 0 22,811 frS 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 s - a 503 972,513 195,02? 297,818 29,075 6,313 7,985 241,186 1 , 0 0 1 , 5 8 8 201,340 BUlTdU^tld: ».-sg 1 16,736 5,791 - 79,411 104,005 — — 52,843 58,940 1,584 7,40c, 536 1,133 365,644 1 , 4 8 6 , 4 9 5 336,916 - '' 700 - 64,363 72,914 141,017 — 53,405 2,364 313 30,345 — &,258 2,902 g6l — 80,46? 7,933 1,768 479,957 209,535 288,474 644,225 frg? ^ 9,354 9,561 13,121 9.561 8,648 8,407 2,559 I9,6l4 9,57 5 257,600 J.Ufil s-5g g . a 22,354 549,Oil 230,9% 83,351 l 34,586 \'W, 26,297 49,107 500 61,200 — 31,480 4,111 662 365,682 1,200 39,09 __ 58,449 13,230 2,943 43,319 173,599 132,924 204,608 2,457 2,974 617 4,667 492 9.,144 1 1 5 , 7 5 3 l , l 4 8 , S 6 l «. .. 68^ 25,435 40,656 630,072 1 793 3 38 6 59 896 278 3^127 17'539 137,277 423,983 4,883,637 L I A B I L I T I E S 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 Deposits: Member bank - r e s e r v e account Government F o r e i g n bank Other d e p o s i t s RESOURCES AND LIABILITIES 0? TEE FEDERAL RESERVE BANKS ON AUGUST 11? 192b o t . 5052c ( 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 S t . L o u i s Minn. Kans.Cy. D a l l a s San Fran. T o t a l 139,604 357,921 120,881 196,27b 71,113 179,156 189,312 45,048 60,511 64,729 38,872 188,791 1 , 6 8 2 , 2 1 4 143,451 341 7S8 15s 559,026 131,074 190,045 3,104 977 1,284 3,264 7,320 985 206 1,110 994 Total deposits 144,738 572,714 134,042 193,433 D e f e r r e d a v a i l a b i l i t y items 54,726 127,220 48,612 52,401 C a p i t a l paid i n 8,796 35,617 12,204 13,519 Surplus 17,020 59,964 20,464 22,894 All o t h e r l i a b i l i t i e s 758 3,059 713 1,434 TOTAL LIABILITIES 365,644 1 , 4 8 6 , 4 9 5 336,916 479,957 Reserve r a t i o (per c e n t ) 84.8 79.0 78.5 79.5 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 f o r e i g n c o r r e s p o n d e n t s 3,922 4,902 13,342 5,522 F . R . n o t e s on hand ( n o t e s r e e ' 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 ) 2 4 , 4 8 9 107,471 29,335 23,008 F . R. n o t e s r e e ' d f r o m C o m p t r o l l e r T . R. n o t e s held by F . R. Agent F.R. n o t e s issued t o F. R. Bank .Collateral held as security 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 Gold redemption fund 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 207,793 43,700 164,093 35,300 13,406 84,000 45,954 178,660 1,057 550 62 70,255 49,005 6,090 11,919 1,153 69,412 331,464 1,426 415 70 1,169 1,421 895 79,904 757 446 312 47,623 831 332 123 85,272 1,267 404 122 57,556 161,431 2,225,644 1,170 1,789 15,202 363 715 10,793 11 171,697 24,859 394,322 70,754 16.237 59,126 169,873 2,267,876 26,567 39,39 3 572,572 4,194 4,280 8,430 123,108 8,700 30,613 9,570 7,501 8,979 7,615 15,071 220,310 1,143 2,551 1.061 1,140 1,003 Ml 2.425 17.257 209,535 288,474 644,225 173,599 1)2,924 204,608 137,277 423,983 4,883,637 60.2 77.O 73-1 56.9 67.7 62.9 54.7 71.8 75.3 48,909 11,748 3,H5 87,065 35,632 7,070 2,219 1,651 2,013 1,806 3,561 50,807 1 2,100 31,053 33,681 4,801 4,801 8,602 6,100 6,047 40,893 327,580 2,735 2,064 8,780 25,655 14,237 7,945 13,212 3,275 4,315 3,224 844 1,177 166,000 91,297 160,000 8 , 0 0 0 124,000 165,644 10,000 37,000 207,859 51,401 64,719 52,778 70.192 85,001 37,090 18,889 570,415 1 50,617 247,180 89,708 212,744 253,869 55,879 70,278 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES 7,919 5.91S 71,323 334,949 81,449 23,193 70,147 31,220 4,959 16,653 5,251 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 788,712 186,656 265,254 113,223 277,634 400,110 69,769 84,330 111,369 62,026 293,320 36,440 4 5 , 9 7 0 30,010 67,425 177,117 19,920 15.217 40,540 17.107 495,392 150,216 219,284 83,213 210,209 222,993 49,849 69,113 70,829 44,919 Within 15 days 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 68,556 13,681 16 t o 30 days 31 t o 60 days 61 t o 90 days 31,334 46,397 62,574 bb, 224 46,688 41,023 - 282,784 2,849,660 53.100 229,684 2,009,794 14,156 10,000 2,932 2,501 18,376 48,860 2,000 159,064 23.858 27.847 66,246 75,b50 46,504 253,686 OF INDEBTEDNESS day ?,to b months 13,914 6,570 55,372 Over 6 months 179 839.866 300,982 96,509 1,055,865 751.834 2,205,190 Total 549,011 230,968 58,372
@FedFRASER