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lr ! I STATEMENT FOR THE ,PRESS Released for publication FridS¥ morning, Aug. 6; not earlier. St. 5042 Federal Reserve Board August 5, 1926. CONDITION OF FEDERAL RESERVE BAN'KS The consolidated statement of condition of the Federal reserve banks on August 4, made public by the Federal Reserve Board, shows an increase of $43,200,000 in bill and security holdings, accompanied With declines of $22,600,000 in cash reserves and $4,200,000 in nonreserve cash and increases of $11,600,000 in member bankstreserve deposits and $6,800,000 in Federal reserve note circulation. Holdings of discounted bills increased $26,200,000, of acceptances purchased in open market $17,300,000, and qf Government securities $1,000,000. The Federal Reserve Bank of New York shows an increase for the week of $15,4oO,OOO in discount holdings, Cleveland an increase of $6,100,000, St. Louis $4,800,000 and Boston $3,100,000. Open-market acceptance holdings were larger than a week ago at all reserve banks, the principal increase, $4,300,000, being reported by Chicago. Holdings of Treasury certificates were $1,500,000 and of u. s. bonds $300,000 above the amounts reported on July 28, while the System's holdings of Treasury notes were $800,000 less than on the previous report date. The principal changes in Eederal reserve note circulation during the week comprise increases of $3,200,000 and $3,100,000, respectively, reported by the San Francisco and New York reserve banks, and a decline of $2,800,000 reported by the Cleveland bank. A summary of changes in the principal assets and liabilities of the· reserve banks during the week and the year ending August 4, 1926, follows: Total reserves • • Gold reserves ..... .... .. Total bills and securities Bills discounted, total • • • . • . • •• Secured by U. s. Government obligations~ Other bills discounted • • • • • • Bills bought in open market • • • • U. S. Government securities, total Bo.nds • • . • • • . . . . • • • Treasury notes • • • . . Certificates of indebtedness • • • • • . .. .. ... Federal reserve notes in circulation •• Total deposits • • • • • • • Members' reserve deposits • • • • '·'lovernment deposits • • • • w• • • • Increase or decrease during Week Year - $22,600,000 - 14,000,000 +$62,300,000 + 58,900,9~ + + + + + + + 43.200,000 26,200,000 16,000,000 10,200,000 47,900,000 3,800,000 22,000,000 25,800,000 + 17,300,000 + 16,500,000 + 1,000,000 300,000 800,000 1,500,000 + 36.700,000 + 13,800,000 ~0,000 + 23. 0,000 + 6,800,000 + + + 8,200,000: + 11,600,000 4,700,000 I + 72,500,000 ' + 3.300,000 + 4,900,000 100,000 Released for publication Friday mo::.·ning, Aug. 6, 1926; not earlier. St.5042a RJ;SOU'RC:TI:S .:U.JD l.I.A"EULITIF.S OF THE TT~LV.lli F"BD"E.R.AL R'Blb'FRVF :S.Al~KS COMBINED (In thousands cf dollars) Aug. 4~;L2q July 28, 1926 Aug. 5. 1925 RESOURCES 1old with Federal reserve agents • • • • Jold redemption fund with U.S.Treasury • Gold held exclusively against F.R.notes ~old settlement fund with F. R. Board • qold and gold certificates held by banks Total gold reserves Reserves other than gold • • • Total reserves • • Non-reserve cash • • • • • • B~1ls discounted: Sec. by U. S. Government obligations • Other bills discount~d • • • • • • • Total bills discounted Bills bought in open market •• U. S. Government securities: . ... Bonds . . . . . . . . . . . • • · ~rea.sury notes • • • • • • • • • • • Certificates of indebtedness ••• Total U. S. Government securities • Other securities • • • • • • • • Foreign loans on gold • • • • • • t Total bills and securities Due from foreign banks • • • Unc.ollected items I Bank premises • • • • • • I All other resources • • . .. . . I .. r. TOTAL RESOURCES 1 I 1,436,480 57.715 1,494,195 686,989 596,830 2,778,014 136,289 2,914,303 49,756, 281,268 266.337 547,605 228,492 265,239 256,151 521,390 211,173 303,260 24o,577 543,837 211,972 83,262 228,582 58,376 370,220 3,200 83,009 229,360 56,870 369,239 3,200 1,300 1,106,302 729 624,200 59,821 17 ,26o 4,853,108 6g,441 229,071 34.982 333,494 1,850 10,500 1,101,653 637 592,665 60,975 21,127 4,741,116 1,149.517 697 629,828 59,850 17,459 4,885,21f&J c / LIABILITIES F. R. notes in actual circulation • Deposits: Member bank - reserve account • ._ Government • • • • • • • • • • Foreign bank • Other deposits • • • • • • Total deposits • • . • Deferred availability ~tem~ • > Capital paid in • • . Surplus . . . . . . . . • All other liabilities ••• TOTAL LIABILITIES • ~ ... 1,436.384 1,431.397 49,683 53,189 1,484,586 1,486,067 685 ,17e-'f 684,278 680,576 667,192 2, 836 9.48" ~, ~ 2,850,921 148,289 139,64o 2,976,5S8-qb 2,999,210 55.586 51,338 • • • • 1 , 678 , oss-- 9 b 1,671,336 1,605.557 • • • • • • • • • • 2,216,700 2,205,126 28,108 32,795 8,600 5.954 15,826 17,151 2,261,026 2,269,234 570,800 577,963 122,655 122,991 220,310 220,310 16,981 16.691 / 4,885' 2=rlgJ 4,863,108 2,211,753 28,201 ... .... ·5,461 20,552 2,265.967 524,173 115,677 217,837 11,905 4,741,116 Ratio of total reserves to deposit and F. R. note liabilities combined • • • • 75.4% 76.3% 75-3% Contingent liability on bills purchased for foreign correspondents • • • . ·• • 51,877 53.749 31,508 ., w• RESOURCES .AND LIABILITIES OF THE FEDERAL RESERVE BAl,JKS ON AUGUST 4, 1926-. (In thous~nds of doll~rs) Rich. Atlanta Chicago St.Louis Minn. &1ns.Cy. Boston New York P~1il~. Cleve. Gold with Federal Reserve Agents 121,045 362,658 98,811 180,718 38,019144,224168,898 19,068 53,225 47 J 541 Geld redemption fund witl1 U.S.Tre.::ts. 61441 3 1814 111382 2 1 812 2a222 2z06? 11148 _L_l49. 2z1l4 22920 Gold held exclusivel~ against F. R. notes 129,486 371,532 110,196 184,668 40,891 147,746171,9&0 20,216 54,974 51,255 )0 214,352 57,107 65,539 26,491 21' ~5 131 '281 14,4~ ll' 739 39,820 Gold settlement fund with F.R.Board 62,572 Gold and gold certif. held by banks 31,274 408,192 23,331 40,541 12,345 5,064 7,032 3,354 74' 645 18,985 Total t;o1d reserves 223,332 994,076 190,634 230,748 3 0' 227 1 72' 34 5 3 77' gg6 53,6c;l'73, 745 96,:..39 4,005 9,452 9,310 24,301 18, 6o3 2,120 Reserves ot~er than gold 29,947 5,133 &,534 14 '940 238,272 1,024,023 195,767 300,200 86,761 131,655 402,187 72, 22"6-t 75,865 100,144 Tot3.l reserves 12,018 1,306 4,267 9,925 Non-reserve cash 4,307 3,058 4,053 4 '302 3'1 1 ' 161 1, 738 Bills discounted: 129,244 25,951 21,871 10,765 2, 725 29,561 7,096 5,156 6,575 Secured by U.S.Go·.rt. obli ga ti ons 17,351 36,984 16,156 14,676 32,;283 41,369 26,576 22),102 Other bills discounted 13,155 5,637 11 '525 30,506 166,228 42,107 36,547 43,148 44,():)4 56,137 35,198 10,793 15,100 Tot~l bills discounted 5,521 9,201 12,751 19,330 34,757 13,305 23,334 10,696 27' 649 35,357 Bills bought in opan market TJ. S. Govern:nent securities: 285 23,133 7,076 3,643 10,637 1' 614 Bonds 7' 766 5,186 9, 7'63 1,901 3,621 18,300 1,558 25,713 13,316 6,770 5, 773 50,973 15,126 24,796 'J'rdasury notes 6,0[1 50 7,528 15,130 1,411 '3,333 1,668 2,559 2, 514 3,936 Certific·.1.tes of indebtadne.ss st. RESOURCES .. Total u.s*~ Govt. sacuri ties _ ....... Other - 12,E9Z 73,869 3£,417 9,342 2,000 sec~;itiea ~· 21,723 1,893 56,374 ~.328 700 19,822 35, OJ.g 5042o Dallas San Fran. Total 19,297 177,893 1,431,397 1 ao2 _g_a69 22al89 21,000 180,662 g, 272 32,330 11,412 30,517 40,684 243,509 8,196 7,099 4s,eso 250,6oe 1,947 3,256 1,484,586 685, 11Eff 667,192 2,699 22,274 15,273 2-+ '501 17,972 46,775 9,634 21,407 281' 268 266,337 54 7,605 228,492 3,585 17,342 5,~6 3, 9+3 37,794 f,370 83,262 22(!:, 532 sg ,376 26,723 49,807 370,220 . .• r ~(. • e:::,83b,9l.iit -~39., a.to_ 2,976,5~~ 51,338 3,200 500 ... Total bills and sacurities Due from fordign b.m.ks Uncollected items B:u.Jt premis>':ls All ot(lar resourca s TOTAL RESOURCES 63,284 274,854 84,135 98,298 63,186 74,336147,868 65,047 40,322 65,869 59,318 4,068 85 155,756 53,946 1,5S4 16,737 5, 685 r:J-+7 61,319 7,403 1,115 4~-;, 423 25,03 6 78,876 26,94.1 12,804 4,111 2,882 2,943 7,933 668 2,327 885 1, 775 41,475 4,667 495 697 2,319.1518 363,334 1,489, 770 342,285 471,39':1 206,305 289,111 &43,564 173~ 135,422 214,3&8 130,309 415,095 4,2E5,2+f- g~- 31)) c. 54,329 117,989 1,149,517 697 629,828 23,098 36,786 59,850 3,359 1., 793 17,459 262 3.097 ......... ........ r-------"""""----~---------~-~-------~------~--~--~---~---~------------ L I A B I L I .T ·r E S F.R. notes in actual circulation Deposits: Member bank - reserve account G~ver!"_;ne::J.t RESOURCES AND LIABITIES 01!' THE Fl!.'DERAL RESERVE BANKS ON AUGUST 4, 1926. (In thous,,.nds of dollars) Boston New York Phila. Cleve. Rich. Atlanta Chic~go St.Louis Minn. 139,790 394,101116,715166,505 70,601 182,201. 191,990 44,4~60,929 144,612 9&9 348,810 135,587 8,355 2,690 514 3, 653 61+2 129 7,254 252 146,244 868,107139,171 56,765 129,213 53,C44 8, 796 35,519 12,2()3 17,020 59,964 20,464 719 2!856 688 369,3341,439,770 }42,285 83.3 81.1 76.5 Fore igri bank Other deposits .T..2.~a!...£emosits Deferred availaoility items Capital paid in Surplus All other liabilities TOTAL LIABILITIES Rdsarve ratio (per cent) Contingent liability on bills p~1rch:1.sed for foreign correspondents 4,0Z3 F.R.notas on hand (notes rec 1 d from ~E..~R.Ag.:;nt lass n.otes in circul!l.ticm)22,842 13,393 5,036 108,530 35,096 189,291 1,627 724 744 192,586 54,513 13,519 22,894 1,379 471,399 79·2 67 &;, 64 3 331,542 162 6,272 271 927 71 957 70,218 69,147 46,321 22,990 6,088 4,963 11,919 8, -roo 1,153 1,110 206,305 289,111 61.6 72.3 7,262 33,056 186,5271,673,0~-" 73,667 49,067. 89,137 54,560 1,713 1,901 1,596 972 291 216 264 237 444 205 142 33 81,135 51,389 91,141 55,822 31,853 11,360 44,855 23,744 ::5,248 3,118 4,137 4,230 9,570 7,501 8,979 7,615 1,046 1,125 994 7'12 173,~ 135,422 214,333130,309 57.5 JoJ 67.5 8+.5 52.1 2,279 1,696 2,067 1,355 157,-162 2, 216,700 a9 2&,106 467 t:, 600 _2,_528 __ _1..2,_829_ 164,576 2,269,231~ 36,135 577,963 8,423 122,991 15,071 220,310 2. ~'53 16.EG1 415,095 4,885,2f"'h 71.0 75.4 g.l- 33,1+32 13,102 29,940 34,419 4,990 9,020 5,945 FEDERAL RESERVE NOTE ACCOUNTS OF FEIIERAL RESERVE AG:El'l""TS F. R. notes rec 1 d from Comptrolldr 211,132 795,951189,251 261,810112,313 27!!,886 403,026 69,588 85,166111,117 62,666 279,597 48,500~.1.:)20_ 37,440 41,870 28,610 66,745 17§.,_617 20,160 15,217 40,940 18,867 49,800 F. R. notes held by F'. R. Agent F.R. notes issued to F. R. Barik 162,632 502,631 151,811 219,940 83,703 212,141 226,409 49,428 f8 ,949 70,177 43,799 229,797 CoU<tteral held a.s security for r'.R. notes issued to F.R. Bank: 8,7EO 25,b55 14,238 7,945 13,212 15,156 10,000 Gold and gold certificates 35.300 171,698 24,9b0 10,514 11,938 4,3b4 5,98b 3,254 1,123 2,013 3,631 3,141 18,912 lb, 745 Gold redemption fund 166,000 83,297 160,000 8,000 124,000 165, 61+4 10,000 JS,OOO 43,860 1,000 148,981 Gold fund - F. R. Board 69,000 Eligible paper 50,356 136,715 57,320 57,515 53,764 ]1,]25 91,372 40,706 19,961 30,837 27,598 6s,og4 Total collstera1 171,431 549,373156,131 238,233 91,783 215,949 260,270 59,774 73,186 78,378 46,895 245,987 r MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDE13TE.'DNESS 91 days to Over 6 months Within 15 d~s 16 to 30 days 31 to 60 days 61 to 90 days 6 months Bills discounted 214 15,409 389,578 31,195 61' 502 49' 707 Bills bought in open market 40,228 62,911 43,476 75,269 6,608 Certificates of i~dabtadness 58,376 344,329 .. _... 2,120 Total 51,377 c. 2,809 339,698 67,165 16,642 30,613 2.456 648,564 75.6 64,232 Fran. 3,658 5,673 68,962 &10 359 JL~ns.Cy. D~1las &~n 2,860,503 338,086 2,022,417 301,9!!4 106,631 1 ,022, 782 755.993 2,187,390 Total 547,605 228,492 58.376
@FedFRASER