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STATEMENT FOE THE PRESS Released f o r p u b l i c a t i o n Friday morning, Aug. 26; not e a r l i e r . St. 5482 Federal Reserve Board August 25, 1927. 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 Federal reserve banks on August 24, made p u b l i c by the Federal Reserve Board, shows i n c r e a s e s f o r the week of $34,900,000 i n b i l l s and s e c u r i t i e s , of $10,800,000 i n member bank r e serve d e p o s i t s , of $8,700,000 i n cash r e s e r v e s , and of $6,300,000 i n Federal reserve note c i r c u l a t i o n , and a decrease of $15,400,000 i n amounts due from f o r e i g n banks. Holdings of discounted b i l l s i n c r e a s e d $23,700,000, of b i l l s bought i n open market $7,900,000, and of United S t a t e s s e c u r i t i e s $3,300,000. Discount h o l d i n g s of the Federal Reserve Bank of New York i n c r e a s e d $21,900,000, and of the Dallas bank $2,100,000, while discount holdings of the Chicago bank decreased $2,100,000 and of Kansas City $1,200,000. Holdings of acceptances bought i n the open market increased $5,200,000 a t New York and $2,300,000 at San F r a n c i s c o , and d e c l i n e d $2,700,000 a t P h i l a d e l p h i a . An i n crease of $25,100,000 i n the Systenfs holdings of United S t a t e s bonds was l a r g e l y o f f s e t by d e c r e a s e s of $15,400,000 i n holdings of Treasury c e r t i f i c a t e s and of $6,500,000 i n Treasury n o t e s . 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 during the week were i n c r e a s e s of $3,300,000 a t Cleveland, $2,500,000 a t New York, and $1,100,000 each a t t h e Boston and Dallas banks. 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 the reserve banks during the week and the year ending August 24, 1927, f o l l o w s : Increase or decrease Year Week Total r e s e r v e s Gold r e s e r v e s 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 B i l l s bought i n open market + $g,700,000 6,900,000 + + 34,900,000 23,700,000 + . - + •f 7,900,000 . . . . . 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 indebtedness . . 2,300,000 26,500,000 + + - 3,300,000 25,100,000 6,500,000 i5.4oo.ooo 6,300,000 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 + 6,900,000 + 10,800,000 - 2,100,000 during + + $179,600,000 169,200,000 - 112,100,000 156,500,000 73,700,000 82,800,000 - 75,800,000 - - + + - + — 123,600,000 157,900,000 127,600,000 93,300,000 21,300,000 + 95,900,000 + 102,100,000 6,400,000 .ieleased f o r p u b l i c a t i o n Friday morning, August 26, 1927; not e a r l i e r . St. 5482a EE SOURCES MB LIABILITIES OF THE' TWELVE FEjD22.1L HES6F.VB 3AHKS CO®HIED ( i n thousands of d o l l a r s ) Aug. 2%,1927 KBSOUaCES Aug. 17<1927 Aug. 25,1926 Gold with Federal r e s e r v e agents . . . . . Gold redemption fund with U.S. Treasury . 1,615,271 40,639 1,636,161 Gold held e x c l u s i v e l y against F.R.notes 1,655,960 3,009,841 1,678,339 618,127 706,478 3,002,944 147,663 145,871 137,281 3,157,504 3,148,815 2,977,887 53,039 54,761 52,918 217,677 196,480 414,157 220,503 169,990 390,493 170,932 291,408 279,230 570,638 Gold settlement fund with F. R. Board . . Gold and t,old c e r t i f i c a t e s held by banks . Total gold r e s e r v e s Reserves o t h e r than gold Total r e s e r v e s . . 2?on-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 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 indebtedness Total U.S. Government s e c u r i t i e s . . 178,809 . . 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 Due from f o r e i g n banks Uncollected items Bank premises All other r e s o u r c e s 643,573 710,30s . . . . 681,297 661,244 2,840,606 254,616 203,557 89,333 151,931 444,821 178,443 95,788 167,297 216,956 441,528 321,217 320 300 3,700 1,038,107 23,629 609,876 1,003,253 39,057 1,150,171 693 59,452 17,032 TOTAL RESOURCES 42,178 1,442,912 55,153 1,498,065 700,966 59,444 45,632 58,629 616,510 59,931 16,626 4,958,639 16,360 5,022,656 4,374,736 1,670,831 1,664,502 1,692,637 2,305,727 19,247 4,935 23,973 2,353,882 56l,l47 130,730 228,775 13,274 2,294,893 2,203,634 5,334 25,379 12,436 16,291 2,257,979 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 Depo s i t s : Member bank - r e s e r v e 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 Ratio of t o t a l r e s e r v e s to deposit and F. R. note l i a b i l i t i e s combined . . . . 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. 4,958,639 21,363 2,346,969 639,320 130,391 228,775 12,699 5,022,656 25,618 561,967 123,467 220,310 18,376 4,874,736 78.5$ 78.5? 75-4$ 162,087 160,540 47,845 RESOURCES HSSBtJHCES AND LIABILITIES OF TEE FEDERAL HE SERVE BANKS OH AUGUST 24, 1927. ( i n thousands of d o l l a r s ) T o t a l Boston Gold w i t h F e d e r a l Reserve Agents 1,615,271 131,730 Gold redemption f u n d w i t h U . S . T r e a s . 40,689 8,121 Gold held e x c l u s i v e l y against f ^ _ notes 1,655,960 139,851 Gold settlement f u n d With F.R.Board 643,573 53,348 Geld and g o l d c e r t i f . h e l d by banks 710,308 31,700 T o t a l gold r e s e r v e s Reserves o t h e r t h a n gold Total reserves l o n - r e s e r v e cash B i l l s discounted: 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 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 indebtedness Total TJ6 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 tal 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 U n c o l l e c t e d items Poises Ali other resources TOTAL RESOURCES c. New York F h i l a . Cleve. 321,368 133,763 208,128 10,634 7.545 2,162 St. 5482b Rich. A t l a n t a Chicago S t . L o u i s Minn. Xans.Cy. D a l l a s San Frsq 52,203 140,564 273,7^2 20,568 56,466 63,023 26,759 186,347 5?1 2,667 2.2&1 1,703 827 1.726 1,343 1.7iq 332,002 141,308 210,290 53,384 142,631 276,013 22,271 57,293 64,749 28,102 188,066 21.6,348 42,086 78,145 23,897 4,609 127,242 14,603 6,7^6 27.467 11,154 37,938 468,482 28,371 42.305 3,009,841 224,899 1,016,832 211,765 331,2^0 147,663 14,793 28,4l4 8,332 8,836 4,844 7,440 55,393 l4,3(.2 82,125 154,680 458,648 6 , 2 6 l 14,551 24,171 51,236 8,4*40 8^44 72.^69 100,760 4,567 5,903 9,546 30,381 48,802 256,385 8,354 7,965 15,516 3,157,504 239,692 1,045,246 220,097 340,076 88,386 169,231 482,819 66,752 77,036 106,663 57,156 264,350 53,039 5,856 13,304 1,180 2,928 4,829 4,495 7,814 3,433 1,217 2,936 2,402 2,645 217,677 196,480 15,769 11,230 414,157 26,999 178,809 16,648 203,557 89,333 151,931 8,113 4,369 10,723 1,957 3,163 6.76l 129,906 38,058 28,711 20,659 33,905 37,019 26,198 75,222 3,896 11,023 10,034 6,948 21,956 3,827 7,221 9,924 5,320 74,108 55.798 30,349 24,652 23,188 13,4o6 10,903 27,913 7,695 11,178 3,358 30.547 11.999 4,026 2,053 7.428 33,150 51,090 22,688 13,507 300 283,994 75,104 90,824 53,381 54,66o 6,b84 154,355 2,250 8,165 14,552 444,821 320 20,647 78,866 1,038,107 64,294 23,629 1,758 17,032 59 4,958,639 6,901 13.758 9,031 4,844 8,813 15.118 33.399 609.876 56,652 59,452 3,946 5.523 2,484 1,219 96l 21,947 15.072 36,974 10,44i 18.763 15.475 13,781 7,400 10.908 66,178 32,089 5.264 4,417 3.962 27,949 10,096 13.550 14,058 41,499 6,068 13,450 9,265 16,532 14,701 21,969 6,2k) 5,373 8,521 6,101 5.364 9.901 8.355 14.284 20,730. - 20 32,673 28,429 44,774 125,153 62,114 32,388 47,917 48,555 99,723 3,234 1,008 703 867 820 l,64l 52,523 6o,990 50,557 23,654 73,506 29,294 12,374 37,505 22,422 36,044 16,276 1,749 7,119 2,396 2,900 8,521 3,957 2,774 4,46s 1,827 3,519 6,885 357 1,40 2 402 1,549 1,421 945 1,722 590 591 1,109 372,257 1,526,744 353,260 505,823 201,170 257.450 702,468 167,503 128,214 200,946 133,773 409,031 St. 5482c RESOURCES AND LI XBILITIBS OF TEE FEDERAL RESERVE BANKS ON AUGUST 24, 1927 (In thousands of d o l l a r s ) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Eans.Cy. Dallas San Fran. F.R.notes i n a c t u a l c i r c u l a t i o n 1,670,831 13S,224 370,532 129,927 215,399 59,225 154,006 236,030 40,831 57,065 63,187 38,635 167,770 Deposits: Member "bank - reserve account 2,305,727 150,189 900,744 137,726 190,848 72,655 62,861 344,638 78,891 46,621 89,341 57,823 173,390 Government 19,247 1,701 1,443 l,io4 858 1,912 1,885 2,905 1,489 1,296 1,172 1,681 1,801 Foreign bank 164 328 244 192 646 201 i4... 173 1,549 450 496 4,935 351 28 216 4,043 Other d e p o s i t s 77 36 874 383 168 23,973 87 16,792 135 1,13% Total deposits 2,353,882 152,328 920,528 139,415 193,336 74,888 64,974 349,063 80,964 48,226 90,902 59,696 179,562 Deferred a v a i l a b i l i t y items 561,147 54,214 131,836 49,019 58,026 47,896 22,972 65,596 29,305 11,425 32,930 22,392 35,536 Capital paid i n 130,730 9,465 39,358 5,149 17,326 5,295 3,003 4,220 4,270 9,233 13,224 13,948 6,239 Surplus 8,215 16,121 228,775 17,606 61,614 21,267 23,746 12,198 9,632 31,881 9,939 7,527 9,029 c 8oq M l other l i a b i l i t i e s 1,169 6 s 678 565 13,274 420 2,876 408 1,368 724 RL_2_5L2_ TOTAL LIABILITIES 4,958,639 372,257 1,526,744 353,260 505,823 201,170 257,450 702,468 167,503 1c8-,2X4 200,946 133,773 409,031 Reserve r a t i o (per cent) 78.5 82.5 81.0 81.7 83.2 65.9 77.3 82.5 54.8 73.2 59.2 58.1 76.1 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 162,087 12,122 45,229 15,516 17,133 8,405 6,627 22,305 6,950 4,849 5,980 5,657 H,3i4 F.R.notes on hand (notes r e c ' d from F.R.Agent l e s s notes i n circulation)371,458 27,493 120,462 36,836 20,192 13,744 26,810 50,723 5,442 5,393 9.933 6,409 48,021 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS F.R.notes r e c ' d from Comptroller 2,883,884 236,617 783,074 200,163 258,981 98,913 253,016 444,753 65,753 86,492 111,220 63,711 281,191 F.R.notes held by F. R. Agent 292.080 33.400 23.390 25.944 72.200 158.000 19.480 24.014 18.100 18.667 65.400 841,595 70,900 F.R.notes issued to F.R. Bank 2,042,289 165,717 490,994 166,753 235,591 72,969 180,816 286,753 46,273 62,458 73,120 45,o44 215,791 C o l l a t e r a l held as s e c u r i t y f o r 9^ F.R. notes issued to F.R.Bank: Gold and gold c e r t i f i c a t e s 18,373 4o,ooo 8,500 12,267 413,276 35,300 215,150 30,000 36,469 17,217 Gold redemption fund 2,068 1,199 4,163 3,386 15,677 21,218 8 , 286 13,128 96,938 12,430 5,584 8,047 1,752 Gold fund - F. R. Board 5,000 130,670 1,105,051/ 84,000 85,000 125,477 165,000 10,750 115,300 272,000, 10,000 43,000 58,8b0 E l i g i b l e paper 567,02 43,647 196,052 33.886 37,565 29.532 40.272 57.^52 29.383 11.211 14.592 19%701 54.075 Total c o l l a t e r a l 2,182,^43 1 75,377 517,420 167,649 245,693 82,335 180,836 339^04 49,951 67,679 77,715 46,462 240,422 by MATURITY DISTRIBUTION OF BILLS, CERTIFICATES OF INDEBTEDNESS i 91 days to . c 0 v e r 6 monthi 61 to 90 days 31 to 60 days Total Within 15 days lb to 30 days 6 months B i l l s discounted 26,444 5,332 102 4i4,i57 21,681 42,921 317,677 B i l l s bought i n open market 2,119 24,604 16,234 178,809 106,034 29,818 C e r t i f i c a t e s of indebtedness 70,102 12,044 445 151,931 69,340 Municipal warrants 20 20 LI A B I L I T I E S
@FedFRASER