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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, Aug. 20not e a r l i e r . ' St. 5^57 Federal Reserve Board, August 19, 1926. CONDITION OF FEDERAL RESERVE BASKS s-iLKseerrapsisr-— . [ Increase or decrease. d u r i n g Week I | c - = s : • • : : : : • • : : : : : Year - : : : : : : : : : i B i l l s -bought i n open market + 23,200,000 + U . S . Government s e c u r i t i e s , t o t a l . . . - 5,700,000 + 36,800,000 + 200,000 + + 3,600,000 + 69,600,000 + 35,100,000 a : ; ! ~ r % . C e r t i f i c a t e s cf indebtedness . . . . . Federal reserve notes i n c i r c u l a t i o n . . . , ' Total deposits . . . Members' reserve deposits Government d e p o s i t s C. + 4,4v0,000 - 10,400,000 + 17,700,000 58,800,000 - l29,300,000 i T c i Z + 31 600 000 + 4,200,*000 Released f o r . p u b l i c a t i o n Friday morning, Aug. 20, 1926; not e a r l i e r . St. 5^57 a RESOURCES AST LIABILITIES OF THE TFELVE INDERAL RESERVE BAMS COMBINED ( i n thousands of d o l l a r s ) Au-r. 18. 192b Aug. 11. 192b Aug. 19.1925 RESOURCES Gold with Federal reserve agents 1,453,35b 1,453,356 1,437,985 Gold redemption fund with U.S. Treasury 61,936 b4,433 49,729 Gold held exclusively against F.R.notes 1,502,418 1,503,085 1,515,292 Gold settlement fund with 5. R. Board . . 674,260 661,402 663,307 Gold and gold c e r t i f i c a t e s held by banks . 609,481 b59,S33 657,629 Total gold reserves . 2,837,184 2,834,323 2,775,206 Reserves other tnan gold 130,218 137,397 137,433 Total reserves 2,905,424 2,972,220 2,974,617 Non-reserve cash 50,812 51,968 50,309 B i l l s discounted: Sec. by U. S. Government o b l i g a t i o n s . . 268,161 289,027 290,432 Other b i l l s discounted 259,924 269,051 26b,383 Total b i l l s discouhted 534,544 549,011 559,483 B i l l s bought in ooen market 230,96s 195,309 254,122 U. S. Government s e c u r i t i e s : Bonds 69,188 83,351 £4,209 Treasury notes 224,699 223,959 217,192 C e r t i f i c a t e s of indebtedness 58,372 29,373 58/617 Total U.S. Government s e c u r i t i e s 365,682 323,260 360,018 Other s e c u r i t i e s 3,200 2,350 3,200 Foreign loans on gold 10,500 Total b i l l s and s e c u r i t i e s 1,148,861 1,090,902 1,151,284 Due from f o r e i g n banks . . 681 b84 638 Uncollected items 630,072 701,434 b64,573 Bank premises bl,180 59,914 59,896 All other resources 21,211 17,539 17,992 TOTAL RESOURCES 4,954,937 4,853,b37 4,794,237 L I A B I L I T I E S F. R. notes in actual c i r c u l a t i o n . . . . Deposits: Member bank - reserve account Government Foreign bank Other deposits Total d e p o s i t s Deferred a v a i l a b i l i t y items All other l i a b i l i t i e s TOTAL LIABILITIES 1,685,791 1,082, 214 1,616,189 2,215,239 2,225,644 15,202 10,793 di,183,668 32,857 7,646 16,579 2,272,321 635,591 123,441 220,310 17,483 4,954,937 16,237 2,267,576 572,872 123,108 220,310 17,257 4,883,637 28,667 5,953 18,905 2,237,193 594,188 116,313 217,837 12,517 4,794,237 Ratio of t o t a l reserves to deposit and F. R. note l i a b i l i t i e s combined . . . 75.1$ 75.3# 15M 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 49,776 50,307 • 31,113 . c.' RESOURCES - s y i-iESCURCES AND LIABILITIES OF TH2 "FEDERAL RESERVE BAi^E ON AUGUST 12, 1Q?6. • (In thousands of d o l l a r s ) Gold held exclusively a g a i n s t F. R. notes Total gold r e s e r v e s Reserves ct.ier than gold Total reserves 3ill^discounted: s Bcston M New Y c r k Phila i:g ^ Minn. Kans.Cy. Dallas San ^ran. 174,773 18,655 43,378 ' "" 55,455 Total 20,728 189,720 1.515,292 38,86b 136,680 ^15,243 14^011 996,341 190,499 296,520 28^_642 7,1$2 8^77 77,490 163,742 367,132 44,423 67,271 9b,417 43,394 255,851 2,834,323 5,613 9,369 21,732 1 9,454 3,124 4,063 8,342 7,378 137,897 229,254 1,024,983 197,691 3°5.497 4,194 12,041 1 281 ' j s ' f e l 16,955 145,911 42,165 36,273 IS,256 l>blH o,23c 2,514 7,766 5,186 47,771 14,827 15,13° 1,411 Total JU^S^j0avt^_securiti8s Other s e c i r i t i e s 12,366 _- IM&_M.lis_and s e c u r i t i e s Due from f o r e i g n banks Uncollected items Bank premises Atl other resources 68,849 64,550 4,068 65 1 393.921 116,396 183,932 18^1 35,906 20,575 C. 1 Rich. Atlanta Chicago St.Louis 137,763 Otaer b i U s d i ; C o u n t e d b i I S a t l ° n S TomjiU^discounted B i l l s oougnt i n open market U. S* Government s e c u r i t i e s : !0nds . ^ieasor., notes _ C e r t i f i c a t e s of indebtedness TOTAL RESOURCES x " . Clave. c* 70,667 3 '^ 5 23,103 173,111 4%,864 63,877 3,763 U1262 ]kt426 39 , 717 4 5,327 25,391 12,593 9,404 4,111 44 q 0 ? 48,299 26,983 1^94 7 57,1% 37,287 28,'963 5*787 8,'912 1 6 ^ 2 5 S , ' ^ 37,735 12,596 10,517 19,253 39,647 8,993 11,203 15,096 11,301 26,171 1,901 5,420 1,668 284 23,233 7,437 1,560 24,£66 12,484 80 7,538 3,936 21,424 37,817 2, COO 8,989 - 1,924 55,637 7OO 927 2,100 51,736 263,229 2,972,220 4,113 9,789 23,995 4,033 254,851 83,845 1 02,925 66,909 6 8 1 ' - 170,627 55,969 71,322 56,562 16,73b 1,584 7,409 2,364 5,836 554 1,145 314 70,395 100,480 1,895 8,648 10,637 4,071 8,080 17,208 16,720 2,559 6,081 5,297 23,857 19,287 33,926 5OO - 26,088 - 3,415 3,643 36,023 8,370 48,036 50,812 l&'.yv 534'54F 254 122 ' 84,209 217,192 58,617 36oJoi8~ 3 > 2 00 79,906 150,093 70,585 4 3 ^ 6 ~ ~ 5 9 , 539 56,642 113,854 1^151,884 _ _ _ _ _ ^ 29,962 89,629 32,373 13,623 44,480 26,453 41,884 701,434 2,902 7,933 4,111 2,943 4,667 1,793 3,404 *54,914 872 2,194 682 2,418 495 280 3,137 17,992 370,960 1,485,755 344,924 491,84b 213,035 2^0,866 668,117 175,739 134,192 211,761 138,799 428,923 4,954,937 L I A B I L I T I E S RESOURCES -AUD LIABILITIES OF THE FEDERAL RESERVE BASKS Oil AUGUST 16, 192b St. 5057c (in thousands of d o l l a r s ) Boston New York P h i l a . Clave. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total 139,670 388,313 119,707 194,693 71,652 176,654 192,670 45,919 60,933 65,343 39,657 190,080 1,685,791 F.R. notes in a c t u a l c i r c u l a t i o n Deposits: 543,292 133,045 190,102 67,574 69,539 336,325 Member bank - reserve account 140,960 2,301 2,327 3,851 1,127 1,591 9,204 Government 2,675 3O5 1,045 2,107 725 816 404 10reign bank 580 96 732 98 77 833 Other d e p o s i t s 158 855,457 136,193 195,501 69,203 71,512 347,410 Total deposits 144,373 142,785 55,401 63, 7t>8 52,^67 27,881 78,212 60,339 Deferred a v a i l a b i l i t y items 6,091 4,963 16,653 8,796 35,658 12,43b 13,553 Capital paid i n 5,700 30,613 17,020 59,964 20,464 22,094 11,919 Surplus 1,203 1,156 2,559 1,437 782 3,078 723 All other l i a b i l i t i e s 370,950 1,485,755 344,924 491,54b 213,035 290,86b 665,117 TOTAL LIABILITIES by.6 £2.4 Rfserve r-^tio (per cent) 59.0 50.7 78-3 75.7 77-3 Contingent l i a b i l i t y on b i l l s p u r 2,645 6,836 4,740 1,996 5,340 chased f o r f o r e i g n correspondents 3,792 13,549 F.R.notes on hand (notes rec'd from 102,869 30,856 23,595 13,720 31,396 31,838 F.R.A^ent l e s s notes in c i r c u l a t i o n ) 26,579 FEDERAL RESERVE NOTE ACCOUNTS OF 785,002 159,003 265,258 113,322 274,910 397,625 F. R. notes r e c ' d from Comptroller 213,949 293,320 38,440 46,970 27,950 66,860 173,117 F, R. notes held by F. R. Agent 47,300 491,682 150,563 218,288 85,372 208,050 224,505 F.R. r o t e s issued to F.R. Bank 166,649 C o l l a t e r a l held as s e c u r i t y f o r F.R. notes issued to F.R.Bank: 171,698 3,780 25,655 14,238 Gold and gold c e r t i f i c a t e s 35,300 24,74s 11,266 10,48 6 4,874 7,590 3,192 10,562 Gold redemption fund 156,000 91,297 160,000 5,000 111,000 165,645 64,000 Gold fund - F. R. Board 169 , 561 52,105 61,530 56,285 77,249 94,359 E l i g i b l e paper 56,483 Total c o l l a t e r a l 126,345 552,007 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 indebtedness c. 378,798 68,190 78,266 47,356 59,073 56,099 163,575 2,215,239 1,077 2,332 32,857 28 156 126 80,634 49,09s 92,738 57,471 33,187 12,380 39,501 28,945 5,272 3,115 4,193 4,281 9,570 7,501 8,979 7,615 530 1,107 1,165 1,007 175,739 134,192 211,761 138,79 9 6,247 16,579 1,819 328 271 50.5 1,312 244 64.0 3,241 2QS b3,b 267 53.3 527 172,681 2,272,3a 40,225 8,430 15,071 2,436 1,746 3,443 5,436 7,517 RESERVE 84,330 15,880 65,450 b,95i AGENTS 112,794 40,500 72,294 4,801 40,730 3,177 - 17,483 49,776 1,946 7,945 13,212 220,310 . 4,954,937 1,597 1,750 635,591 123,441 4 28,9 23 72.6 2,146 FEDERAL 70,635 19,280 51,355 7,646 75-1 326,658 67,965 281,710 2,856,503 . 23,507 50,900 £44,024 44,455 230,810 2,012,479 4,358 14,156 10,000 300,954 3,041 18,177 1 03,221 2,000 159,349 1,049,151 8,000 30,000 4 6,860 760,119 46,618 24,066 25,597 30,494 65,769 154,671 240,796 51,814 210,077 263,196 84,313 70,455 76,815 49,691 253,295 2,213,475 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS l b to 30 days 32,775 50,599 31 to 60 days 67,667 74,810 6l to 90 days 43,717 52,158 ^ months^ 11,419 2,365 58,61? Over 6 months - - 16S Total 534,544 254,122 5z ,617
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