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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n I r i d a y morning, Aug. 27 J not e a r l i e r . St. 5069 Federal Reserve Board August 26, 1926. CONDITION OF FEDERAL RESERVE BANKS The consolidated statement of condition of the Federal reserve banks on August 25, made public by the Federal Reserve Board, shows increases of $5,700,000 i n casn reserves and $6,800,000 'in Federal reserve note c i r c u l a t i o n , and declines of $1,700,000 in b i l l and security holdings and $14,300,000 in t o t a l deposits. Holdings of discounted b i l l s increased $36 ; 100,000 and of acceptances 0p3n rnark3t $500,000, while Government security holdings declined cuv? 000, , Nine of the Federal reserve banks report increased holdings of discounted b i l l s , the l a r g e s t increases being $16,400,000 f o r the Chicago bank, $10,100,000 f o r San Francisco and bj,700,000 f o r Philadelphia. A decrease of $5,900,000 i n discounteholdings was reported by the Federal Reserve Bank of New York of $1,600,000 by the Cleveland bank, and of $1,300,000 by St. Louis. The'New York bant? reports a n increase of $5,600,000 i n holdings of acceptances bought in the open market, the Boston bank a decrease of $3,100,000 and tnd Atlanta and Chicago banks decreases of $2,400,000 and $2,100,000, r e s p e c t i v e l y . The System's noldings of United States bonds were $38, o00,0.00 below the previous week's t o t a l , while holdings of other United States s e c u r i t i e s remained p r a c t i c a l l y "unchanged. The p r i n c i p a l cnanges in Federal reserve note c i r c u l a t i o n during the week comprise increases of $6,200,000 a t the Cleveland bank, $5,000,000 at Chicago and it2,100,000 at Boston, and decreases of $4,400,000 a t New York and $2,100 000 a t Atlanta. ' ' A summary of changes i n the p r i n c i p a l a s s e t s and l i a b i l i t i e s of the reserve banks during the week and the year ending August 2$, , follows: Increase or decrease Week during Year Total reserves , Gold reserves + $5,700,000 + 6,300,000 + $90,400,000 + 78,500,000 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. Gov't, o b l i g a t i o n s Other b i l l s discounted + 3%; 00,0.0 + 23,100,000 + 12,£00,000 - + 23,900,000 9,000,000 - 19,300,000 + 10,300,000 B i l l s bought i n open market 1,700,000 . . . 500,000 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 . . - 3£,600,000 - 35,600,000 200,000 24,000,000 13,300,000 26,300,000 Federal reserve notes i n c i r c u l a t i o n + 6,600,000 76,800,000 Total deposits Members' reserve deposits Government d e p o s i t s . . . - 14,300,000 C. - 11,600,000 - 7,c00,000 + 53,100,000 11,000,000 + + 21,400,000 20,100,000 3,100,000 S t . 50c9a not e a r l i e r . Released f o r p u b l i c a t i o n Friday morning, Aug. 27, 192 RESOURCES AND LIABILITIES OF THE HRLVE FEDERAL tuLSEriVE BMKB COMBINED (In thousands of d o l l a r s ) Aug. 192o AUK. 18. 192o Aug. 2b, 192 RESOURCES 1,444,444 1,442,912 Gold with Federal reserve agents . . . . 1,453 , 356 54,343 Gold redemption fund with U. S. 1 r e...sury . 01,936 55,ij3 1,495,737 Gold held e x c l u s i v e l y ag d n s t F.R.notes 1,498,06) 1,515,292 665,842 661,402 Gold settlement fund witn 1<\ R. Board 651,297 66l,244 Gold and gold c e r t i f i c a t e s held by 'tanks 597,524 657,629 2,840,60b 2,762,153 Total gold r e s e r v e s 2,534,323 Reserves otner than gold . . . 125,374 137,281 137,597 Total reserves Non-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 in open market U. S. Government s e c u r i t i e s : 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 . . Foreign loans on gold . . . . 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 TOTAL RESOURCES 52,918 2,972,220 50,512 2,887,527 51,416 291,402 279,230 570,638 254,616 268,161 266,323 534,544 254,122 310,690 262,935 45,632 216,956 58,629 321,217 34,209 217,192 58,617 69,6&E 230,255 32,306 360,018 3,200 332,249 2,350 10,500 2,977,287 3,700 - 1,150,171 579,675 201,519 093 bib, 510 59,931 l b , o2b 4,574,736 1,151,884 681 701,434 59,514 17,992 1,126,293 638 579,518 61,210 21,345 4,954,937 4,727,947 1,692,637 1,685,791 1,015,887 2,203,634 25,618 12,436 l6,291 2,215,239 32,857 7,646 16,579 2,183,437 23,60S 5,458 18,375 2,257,979 2,272,321 561,967 123,467 220,310 18,376 635,591 123,441 220,ji0 17,483 2,236,538 523,237 116,324 217,837 13,064 4,874,736 4,954,937 4,727,947 L I A B I L I T I E S F. R. notes i n actual c i r c u l a t i o n . . . Deposits : Member bank - reserve account . . . . Deferred a v a i l a b i l i t y items TOTAL LIABILITIES Ratio of t o t a l r e s e r v e s t o deposit and • F. R. note l i a b i l i t i e s combined . . . . 75.4$ 75-1* 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 . . . . . . 47,785 49,776 ' 15-Oi 31,128 RESOURCES W RESOURCES AND LIABILITIES OF TEE FEDERAL RESERVE BANKS ON AUGUST o , 192b St. 50cQb (In tncusands of dollars) Bostr-n New v ork P a i l a. Cleva. Rich. Atlanta Cnicago St.Lcuis Minn. Kans.Cy. Dallas S-in Fran. Total feW*1" /. - o t a l reserves N o n - r e ^ e cash 137,055 392,658 105,634 154,622 37,95 7 1 37,500 1 7 3 , 7 ^ is,421 Ut,og4 54.9S6 »,«T «T.»2 l.gj.ofc 234,82b 1,019,27b 191,447 31b, 3*9 4,443 12,5)6 1,18b 2,?4o 85,?^8 173,2t£ 408,137 3,7)0 4,407 10,395 bS.b^fe 4,183 68,135 103,129 1,211 2,bbb 50,e9S 2 57, ^>977,267 2,010 3,4=5 52,916 ss^esss? $2 «:« :ss ks $s :: as %s es :ss sk 5:::;::::.. !-S *3 •& a :!l -1 li il 1 -s -ia : 5#g=r ":j'# 1l *g '1 11 *3 IS ":g '1 I s r S S s r . , a s aa S:lg as a?; 4:5 ZIUS&JSJ&J&3S-3& Total U.S. Go'/t, s e c u r i t i e s Other / S c l ^ I e l Total b i l l s *nd s e c u r i t i e s TOTAL RESOURCES C. 10,6* 60,866 67,5a ~ W A T * 23,454 35,214 2,000 __ 91,133 99,503 7,542 65,6,96 1,995 50,175 700___: 77,240 158,970 21,216 : 06,057 17,527 30,729 44,376 57,955 22.877 >*2,284 321,217 * — hJE. 57,733 115,600 1,150,171 693 364,935 1,436,289 340,009 490,307 202,587 285,325 675,022 173,722 1)1,224 207',089 137,927 423,840 4,274,736 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 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 C a p i t a l paid i n Surplus All o t h e r l i a b i l i t i e s RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON AUGUST 25, 1926 S t . 5069c ( I n thousands of d o l l a r s ) ' Boston New York P h i l a . Clave. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.C-y. D a l l a s San Fran. Total 141,733 32-4,433 119,657 200,379 71,b25 174,568 197,651 46,269 60,81: 65,283 40,575 189,143 1,692,637 142,882 1,280 580 73 144,815 51,760 8,304 17,020 803 515,748 134,597 192,181 3,858 2,010 1,012 6,897 725 816 8,079 74 602 834,532 1 3 7 , 5 0 6 1 9 4 , 6 1 1 118,389 4 9 , 2 0 9 56,835 35,65b 12,421 13,553 59,964 20,464 22,894 3,265 752 1,535 67,816 1,973 404 59 70 , 252 47,860 b,082 11,919 1,249 69,400 347,416 1,204 3,578 305 1,045 51 m 70,960 353,018 24,89 5 74,433 5,011 1 6 , - 5 3 8,(00 30,613 1,191 2,654 80,180 46,463 89,280 2,263 328 245 33,016 28,443 5,269 9,570 1,155 1,036 244 154 47,297 10,096 3,114 7,501 1,19s 3,387 298 121 93,086 34,409 4,193 8,979 1,049 54,239 163,332 2,203,634 2,063 1,95k 25,618 267 527 12,436 39 5,815 16,291 56,608 171,628 2,257,979 28,028 3D,920 561,967 4,251 8,430 123,467 7,615 15,071 220,310 877 2,648 18,376 TOTAL LIABILITIES 364,935 1 , 4 3 6,289 340,009 4 9 0 , 3 0 7 Reserve r a t i o ( p e r cent) 81.9 80.0 83.6 74.4 bO. b 70.6 74.1 53.1 62.7 05.1 52.4 71.4 Contingent 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 3,686. 4,603 12,630 5,190 1,940 6, 645 *,371 2,086 1,55^ 1,392 1,635 3,347 F . R . n o t e s on hand ( n o t e s r e c ' d from 103,226 31,74b 2 2 , 5 0 2 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 ) 25,19? 33,206 35,381 5,157 6,843 8,015 5,785 39,684 F'E]>.RAL R> F. R. notes r e c ' d from Comptroller 20,028 783,951 136,443 269,601 70,76o 83,241 111,978 65,200 279,727 F. R. notes held by F. R. Agent 53,100 293,320 35,040 4 6,220 27,950 60,040 loQ,417 19,340 15,580 38,680 21,837 50,900 F.R. notes issued to F.R. Bank 166,926 492,6ol 151,403 223,351 85,088 207,634 233,032 51,420 67,6bl 73,296 46,363 228,827 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 t o F.R.Bank: Gold and gold c e r t i f i c a t e s 35,300 171,698 8,780 2 5 , 6 5 5 1 4 , 2 3 7 7,945 13,212 14,156 10,000 Gold redemption fund 17,641 24,o47 8,706 12,429 3,030 6,014 3,192 921 2,085 3,541 2,375 17,727 Gold fund - F. R. Board 74,000 186,000 91,297 160,000 5 , 0 0 0 1 1 3 , 0 0 0 1 6 5 , 6 4 5 6,300 30,000 46,860 2,000 156,916 E l i g i b l e paper 56,943 172,713 57,391 63,208 53,546 75,017 108,710 44,835 25,825 27,142 34,356 76,150 Total c o l l a t e r a l 183,884 555,058 157,394 244,417 69,831 208,268 277,547 6 2 , 0 0 1 7 1 , 1 2 5 7 7 , 5 4 3 5 3 , 3 8 7 2 6 0 , 7 9 3 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 91 days to wit a in 15 days 16 t o 30 days 31 t o 60 days 6l to 90 days Over 6 months 6 months B i l l s discounted • 43.0,6^0 34,495 71,£68 42,803 10,694 138 B i l l s bought i n open market 72,070 52,223 74,669 47,931 7,718 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 58,629 C. Digitized i for FRASER 75.4 47,765 335,265 2,865,326 837,424 2,027,902 300,983 102,911 1,039,018 793,336 2,241,24s Total 570,633 254,616 52,629
@FedFRASER