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STITE'SNT FOR THE PRESS Released, f o r p u b l i c a t i o n Friday morning, Aug. 5; ;; not e a r l i e r . St. ^ioO Federal Reserve Board, August 4, 1927. CONDITION OF FE03R.il RESERVE BANKS The consolidated statement of condition of the Federal reserve hanks pii August 3, made p u b l i c lay the Federal Reserve Board, shows i n c r e a s e s f o r the week of $78:000,000'in h i l l . ; and s e c u r i t y holdings, of $67,900,000 i n member hank re*' Serve d e p o s i t s , and of $10,800,000 in Federal reserve note c i r c u l a t i o n , and a decline of #18,500,000 i n cash r e s e r v e s . Holdings of discounted b i l l s increased $1+7,200,000, of h i l l s bought i n open market $8,500,000, and of United States Sovernment s e c u r i t i e s $22,300,000. Eight of the Federal reserve banks r e p o r t increased holdings of discounted b i l l s , the p r i n c i p a l i n c r e a s e s being: Hew York $31,200,000, Cleveland $9,900,000, San Francisco $ 6 , 2 0 0 , 0 0 0 , Chicago $ 6 , 0 0 0 , 0 0 0 , and Dallas $3,000,000. The Federal Reserve Bank of St. Louis r e p o r t s a decrease of $3,500,000 i n discount holdings f o r the week. Holdings of acceptances bought i n the open market declined at a l l Federal reserve banks except Boston and New York, the i n c r e a s e of $29,100,000 at New York being more than s u f f i c i e n t to o f f s e t the d e c l i n e s at other banks. The System's holdings of United S t a t e s bonds increased $7*900,000, of Treasury notes $4,500,000, and of c e r t i f i c a t e s of indebtedness $9,900,000. Nine of the Federal r e s e r v e banks r e p o r t e d i n c r e a s e s i n Federal reserve note c i r c u l a t i o n , the p r i n c i p a l changes including an increase of $5,500,000 at the Chicago bank and a decrease of $3,300,000 at Cleveland. 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 3, 1927, f o l l o w s : Increase or decrease leek Total r e s e r v e s . . . . Gold r e s e r v e s - $18,500,000 - 13,500,000 Total b i l l s and s e c u r i t i e s . . . . . . . . + 78,000,000 B i l l s discounted, t o t a l + kj,200,000 Secured by U.S. Govt, o b l i g a t i o n s . . + 44,600,000 Other b i l l s discounted + 2,400,000 B i l l s bought i n open market + 8,500,000 U. S. Government s e c u r i t i e s , t o t a l . . . + 22,300,000 Bonds , 7,900,000 Treasury n o t e s . + 4,500,000 C e r t i f i c a t e s of indebtedness + 9,900,000 during Year + $185,700,000 + 173,100,000 - 117,700,000 102.200,000 15,700,000 86,500,000 - 50,600,000 + 37,100,000 + 105,500,000 - 143,800,000 + 75,400,000 Federal r e s e r v e notes i n c i r c u l a t i o n . . . + 10,800,000 - 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 . . . + 124,400,000 + 133,200,000 l4,400,000 C. + 63,600,000 + 67,900,000 4,600,000 5,600,000 o leased f o r p u b l i c a t i o n Friday morning, August 5, 1927! earlier. St. 5460a REsources .nd l i a b i l i t i e s 07 THE TWELVE FEU1?HAL B1S1RVE BA2IES COMBINED ( i n thousands of d o l l a r s ) Aug. 5. 1927 July 27.1927 Aug. 4,1926 RESOURCES Gold with Federal reserve agents . Gold redemption fund with U.S. Treasury . . Gold held e x c l u s i v e l y against F.R. notes . Sold settlement fund with F. R« Board . . . Gold and gold c e r t i f i c a t e s held by banks . . l,o2S,560 Total gold r e s e r v e s Reserves other than gold 3,010,027 152,24s < . Total r e s e r v e s Con-reserve 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 . . 1,652,604 47,396 1,700,000 567,132 756,356 1,588,341 40,219 oS4,501 716,966 3,023,438 157,322 3,130,810 61,072 3,162,275 55,684 . . . . . TOTAL RESOURCES Surplus All other l i a b i l i t i e s TOTAL LIABILITIES 33,262 223,532 5o,376 370,220 3,200 1,031,835 48,723 637,703 '59,414 15,152 953,331 48,719 601,252 59,313 14,923 1,149,517 697 629,828 59,350 17,459 5,010,786 4,919,920 4,835,285 188,715 84,828 133,737 407,280 C. lio 7 1,672,530 \ 1,661,729 1,673,096 2,216,700 23,103 8,600 15,826 2,269 , 234 577,963 122,991 220,310 16,691 4,835,235 . . 228,775 12,124 2,232,028 13,352 5,142 24,496 y j 2,330,013 557,209 129,807 223,775 12,332 . . , . 5,010,786 4,919,920 2,349,898 13,727/ 5,ser 24,823-^ 2,393,649 573,844 129,864 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 . 2,976,596 51,338 180,784 80,332 123.900 335*016 1,300 445,373 177,882 / ilatio of t o t a l r e s e r v e s t o deposit and F. R. no'te l i a b i l i t i e s combined . . . 139,640 281,268 266,337 547,605 223,492 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 deposits . . . . . . . . Total deposits . Deferred a v a i l a b i l i t y items . . . . . . . 685,17s 667,192 2,836,956 220,671 177,459 398,130 169,385 265,503 179,270 1,300 Total b i l l s and s e c u r i t i e s Due from foreign-banks Uncollected items . . Bank premises All other resources . 1,431,397 53,189 1,434,536 77.8$ 79.7# 75.4$ 150,745 151,749 51,877 RESOURCES BE SOURCES AiTD LIABILITIES OF THE FEDERAL RESERVE! BAltKS OH AUGUST 3, 1927( i n thousands of d o l l a r s ) Total Boston low York Phi l a . Clove. Gold with Federal Reserve Agents 1,586,341134,280 336,454 124,765 202,892 Gold redemption fund with U . S . I r e a s . 40,219 7,950 10,417 4,245 2,701 Geld hold exclusively against F. r . notes 1,628,560 142,230 346,871 129,010 205,593 Gold settlement fund with 7.R.Board 664,501 56,364 250,012 42,139 64,055 Gold and gold c e r t i f . held by "banks 716,966 30,972 477,064 28,696 42,460 Total fiold reserves Reserves other than gold Total reserves Eon-reserve cash B i l l a di scounted: Secured by u.S.Go»t. o b l i g a t i o n s Other b i l l s discounted 15.730 3,162,275 244,105 1,105,311 20b,801 322,795 93,530 169,710 454,005 72,181 61,763 27,127 174,065 32,581 8,502 4.320 5.682 82,302 108,528 1,421 4,009 5,565 4,60? 9,123 3,508 1,126 2,845 265,503 11,894 97,148 26,549 28,464 14.452 12,410 27,637 5,886 13.275 4,069 29,564 37,850 20.473 12,851 10,246 .1,194 2,935 7,427 179,870 11,979 188,715 84,828 133,737 6,782 3,679 6,649 Total U.S, Govt, s e c u r i t i e s Other s e c u r i t i e s 407,280 1,300 17,110 - Total b i l l s and s e c u r i t i e s 1,031,835 56,199 48.723 637,703 59;4-1.4 15,152 3>64o 59,347 3,946 55 123,697 42,91b 59 , 23 2 9,770 26,332 16,899 4o,o47 I 9 , l 6 l 33,633 58,323 23,097 1 4,66 7 9,133 8,807 21,928 5,699 9,596 26,427 7,023 13,007 10,430 10,576 1,000 - 7,525 3,946 31,885 31.-250 3,316 37,946 11,134 1,670 9,821 6,976 6,437 l6,o47 10,276 4.297 7,632 8,984 56,823 2^6,184 2,296 . 4,912 6,778 3,072 _ 30,6b3 22,420 5,491 10,362 11,690 53,083 4,818 6,867 6,597 15,148 8,700 5,790 4,877 15,543 5,778 9,3?l 14,181 4,995 21,233 7,821 7,976 13,438 71,391 29,626 47,433 18,434 11,423 63,Sl4 28,386 19,367 30,652 27,152 42,492 28,160 - 254,320 83,312 102,147 » 13,632 4,659 5,145 l b , 276 5,094 1,7% 339 7,119 1,323 162,08S 58,975 62,249 6,963 12,619 9,445 56,451 77,982 102,846 49,191 237,200 12,410 23,873 15,2l6 59,867 10,189 7,926 5,702 445,373 177,882 TOTAL RESOURCES 51,334 l4o,986 266,935 22,779 29,643 10,179 106,634 18,201 5,139 4,020 55,971 15,471 S6,l66 155,185 429,54o 7.364 14.525 24,465 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 Due from f o r e i g n banlcs Uncollected items Bank promises M l other resources Rich. Atlanta Chicago St.Louis Minn. JCans.Cy. Dallas San Fran. 50,541 138,820.263,866' 20,736 53,756 59,581 25,990 171,610 793 2,l66 3,069 1,993 1,111 2,182 1,137 2,455 3,010,027 229,566 1,073,947 199,845 312,108 152,248 14,539 31,364 6,956 10,687 55,684 St. 5460b 46,728 300 - $4,lo3 144,0o5 2,524 1,990 6,698 52,255 23,84] 77,318 2,366 334 2,900 1,573 8,521 l,46l - • I " . - .... 29,676 47,881 45,439 110,723 1,456 11,145 2,774 1,748 1,796 38,926 4,464 656 1,699 3,397 25,918 37,121 1,827 3,515 1,091 571 5,010,786 372,994 1,569,131 357,256 504,787 203,302 258,780 701,191 168,340 130,227 205,096 134,573 ^05,103 5460c BSS0IHC5S..MD LIABILITIES OF THE FEDERAL EESERVlBASICS. OK-.,4UGUSI-3, 13&T(In thousands of d o l l a r s ) l i a b i l i t i e s Cleve. Rich. Atlanta Chicago St. Louis Minn. Xans.Cy. Dallas San Fran. Total Boston iTew York Phi l a . 378,754 129,015 209,774 57,774 152,881 236,160 39,531 58,230 63,714 36,609 170,862 1,672,530 139,226 F.R. notes i n a c t u a l c i r c u l a t i o n Deposits: -'ember bank - re servo account 2,349,898 i4s,o4o 937,160 137,802 194,907 75,993( 67,373 340,960 81,898 49,287 90,297 57,452 168,729 780 1,983 567 1,474 l,6o4 2,023 750 1,035 1,063 1,511 345 13,727 592 Government 164 l 4 i 646 201 328 173 1,781 450 496 27^(^192 5.201 351 Foreign "bonk 240 101 192 1.118 6664 __L 311 24,823 107 17,691 Other d e p o s i t s Tot ",1 deposits 2,393,649 149,090 958,236 i4o,339 197,m 77,372 68,712 344,235 82,757 50,400 92,554 53,423 174,420 Deferred a v a i l a b i l i t y items 129,09s 53,279 53,976 49,092 21,767 69,174 29,736 10,111 34,913 26,569 33,865 573,844 57,264 5,266 3,009 4,224 4,251 9,130 6,200 5,137 17,300 129,864 9,426 38,976 13,033 13,912 Capital paid i n 7,527 9,029 8,215 16,121 9,632 31,881 12,198 6 l , 6 i 4 21,267 23,746 9,939 228,775 17,606 Surplus 657 2.441 9 so 66? 506 m~ 666 2.453 321 1.268 11 m 12.124 382 J l l other l i a b i l i t i e s 5,010,736 372,994 1,569,131 357,256 504,787 203,302 258,786 701,191 168,340 130,227 205,096 134,573 405,103 TOTAL LIABILITIES 71.3 59.3 76.8 79-3 69.2 76.6 78.2 59-0 75.3 69.4 82.7 77.8 84.7 79.3 Eeserve r a t i o (per cent) Contingent l i a b i l i t y on b i l l s our7,865 6,202 20,374 6,504 4,538 5,597 5,294 10,588 41,335 14,521 16,033 ohnscd f o r f o r e i g n correspondents 150,745 11,344 A S . notes on hand ( n o t e s r e e ' d from 5,063 9,344 5,405 51,392 27,79 2 53,955> 4,500 117,083 39,750 28,340 14,153 27,792 3\»~Agcnt l o s s notos i n c i r c u l a t i o n ) 380,318 23,541 FEDERAL RESERVE NOTE ACCOUNTS OF FBTERAL RESERVE AGSiJTS 787,917 206,365 264,705 98,151 256,713 449,o$5 64,051 85,822 111,358 57,441 287,654 2,913,4^9 244,167 F,R» netc-s r o e ' d from Comptroller 292,080 37.600 26.591 26.224 76.040 158.VtO 1M0 20.020 22.529 38.300 15,427 65,400 860,531 81,400 hold "by F. R. Agent 2,052,848/162,767 495,837 168,765 23s,ll4 71,927 180,673 290,115] ,115) 44,031 63,293 73,053 42,014 222,254 ?.R. notes issued to F. R. Bank L 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 i s s u e d to F.R. Bank: 18,373 40,000 8,500 12,267 413,275 35,300 215,150 30,000 36,468 17,217 Gold and gold c e r t i f i c a t e s 2,617 16,496 5,323 6,653 1,366 1,286 1,489 4,721 94,115 9,980 21,304 9,468 12,892 Gold redemption fund 5,000 115,114 8,750 114,950 262,000 11,000 45,000 54,860 1,080,951 89,000 100,000 115,277 160,000 Gold fund - T. , R. Board 17.864 67.377 27,518 41,882 78,485 28,133 9.912 16,673 598,287 39,039 173,154 44,727 53,468 E l i g i b l e paper 2,186,628 173,369 509,60s 169,492 256,360 73,059 130,702 342,351 48,924 68,668 76,254 43,854 238,987 Total c o l l a t e r a l MATURITY DISTRIBUTION OF BILLS A*TD CERTIFICATES OF imBTEDH5SS r 91 days to r Over 6 months Total ft'ithin 15 days l6 to 30 days 31 to 60 days ol to 90 days b months 111 9,165 445,373 349,310 20,146 37,099 29,042 B i l l s discounted 1,694 177,882 105,945 32,649 26,908 10,686 B i l l s bought i n open market 133,737 66,464 67,273 C e r t i f i c a t e s of indebtedness C.
@FedFRASER