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Released f o r p u b l i c a t i o n F r i d a y morning, Dec. 23; not e a r l i e r . 001*51 STATEMENT FOE THE PRESS st.5613 f e d e r a l Heserve Board, December 22, 1927 01! OF FEDEFJLL PZSEP.YB BMKS The c o n s o l i d a t e d s t a t e m e n t of c o n d i t i o n of the F e d e r a l r e s e r v e banks on December 21, made p u b l i c by t h e F e d e r a l Reserve Board, shows i n c r e a s e s f o r the week of $54,600*006 i n F e d e r a l r e s e r v e n o t e c i r c u l a t i o n and of $ 8 ] , 2 0 0 , 0 0 0 i n h o l d i n g s of d i s c o u n t e d b i l l s and d e c r e a s e s of $ 1 5 , 4 0 0 , 0 0 0 i n h o l d i n g s of a c c e p t a n c e s p u r c h a s e d i n open m a r k e t , $ 9 , 9 0 0 , 0 0 0 i n U. S. Government s e c u r i t i e s , $ 6 0 , 4 0 0 , 0 0 0 i n c a s h r e s e r v e s aild $24,200,000 in member bank r e s e r v e d e p o s i t s . T o t a l b i l l s and s e c u r i t i e s were $ 5 7 , 9 0 0 , 0 0 0 above t h e ataount h e l d a week ago. L a r g e r h o l d i n g s of d i s c o u n t e d b i l l s were r e p o r t e d by e i g h t of t h e r e s e r v e b a n k s t h e p r i n c i p a l changes b e i n g i n c r e a s e s of $ 6 4 , 4 0 0 , 0 0 0 a t New York, $ 1 % 5 0 0 , 0 0 0 a t C l e v e l a n d , $ 3 , 9 0 0 , 0 0 0 a t S t . L o u i s , $ 7 , 9 0 0 , 0 0 0 a t Richmond and $ 7 , 7 0 0 , 0 0 0 a t P h i l a d e l p h i a and a d e c r e a s e of $ 1 5 , 5 0 0 , 0 0 0 a t Chicago. The S y s t e m ' s h o l d i n g s of a c c e p t a n c e s p u r c h a s e d i n open market d e c r e a s e d $ 1 5 , 4 0 0 , 0 0 0 and of U. S. T r e a s u r y n o t e s $ 5 , 3 0 0 , 0 0 0 ^ h i l e h o l d i n g s of U. S. bonds i n c r e a s e d $ 5 , 4 0 0 , 0 0 0 . H o l d i n g s of 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 d e c l i n e d $ 1 0 , 0 0 0 , 0 0 0 f o l l o w i n g t h e payment of t h e s p e c i a l T r e a s u r y c e r t i f i c a t e of $ 4 o , 0 0 0 , 0 0 0 h e l d a week ago. F e d e r a l r e s e r v e n o t e c i r c u l a t i o n was $ 5 4 , 6 0 0 , 0 0 0 l a r g e r t h a n a week ago, a l l of t h e F e d e r a l r e s e r v e banks r e p o r t i n g i n c r e a s e s of which t h e l a r g e s t were $ 1 5 , 1 0 0 , 0 0 0 a t Hew York and $ 1 1 , 2 0 0 , 0 0 0 a t Chicago. A summary of changes in t h e 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 t h e Reserve banks d u r i n g the week and t h e y e a r e n d i n g December 21, 1927, f o l l o w s : Increase or decrease during 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 . G o v t , 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 B i l l s bought in open market Federal r e s e r v e notes in c i r c u l a t i o n . . . . . W - $52,700,000 + 112,800,000 + 57,900,000 83]200^000 43,200^000 39[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 i n d e b t e d n e s s 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 - $60,400,000 49,900,000 + . . . . . . . . . Year - 61,000,000 - 137,300,000 - 31,600,000 15,400,000 - 21,800,000 + - 9,900,000 5,400,'000 5,300,000 10,000,000 + 273,500,000 + 229,500,000 - 35,900,000 + 54,600,000 - + l4,000,000 24,200,000 11,400^000 + 126,000,000 - 105,700,000 + 80,000,000 92,600,000 + 176,200,000 - 52,400,000 R e l e a s e d f o r p u b l i c a t i o n F r i d a y morning,' December 23, 1927; not e a r l i e r . St. 5613a EE SOURCES. ASS LIABILITIES J.HE TV<ELVE KsUEAAL SSSSSVE 3A51CS -COMBINED ( i n t h o u s a n d s of d o l l a r s ) Doc. 21.1QP7 R E SOURCES Gold w i t h F e d e r a l r e s e r v e a g e n t s . . . . Gold r e d e m p t i o n f u n d w i t h U.S. T r e a s u r y " Gold h e l d e x c l u s i v e l y a g a i n d t P . R . n n t P C Gold s e t t l e m e n t f u n d w i t h F. S. Board Gold and g o l d c e r t i f i c a t e s h e l d by banks Total gold reserves 1,505,09s 53,925 1,559,023 554,35s 628,942 2,742,323 Reserves other than gold Total r e s e r v e s Eon-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 d i s c o u n t e d Total b i l l s discounted B i l l s bought i n open market r J. 3. 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 i n d e b t e d n e s s . . . 115,219 2,857,542 55,211 390,330 187,326 572,156 .355,772 Dec. l U , i q ? 7 . 1,525,009 47,952 1,632,961 437,463 671,77s 2,792,202 125,764 2,917,966 56,310 347,526 147,327 494,973 381,125 276,356- . . ! . T o t a l U.S. Government s e c u r i t i e s Other s e c u r i t i e s . T o t a l b i l l s and s e c u r i t i e s Due f r o m f o r e i g n b a n k s Uncollected items . . . . Bank p r e m i s e s All other resources . . . . . . TOTAL RESOURCES 270,980 53-rW V t y - 59,245 257,655 267,670 527,952 597,395 980 950 1,532,860 1,474,943 569 566 Dec. 22.1QP6 1,376,776 65,407 1,442,133 657,023 704,074 2,803,280 106,925 2,910,265 47,073 422,397 293,027 715,424 327,593 46,858 89,844 177,704 3i4,4o6 2,596 1,420,019 650 725,171 60,271 5,280,080 828,91 2 60,176 14,759 *5,353,632 5,236,603 1,821,332 1,766,735 1,913,960 2,394,335 2,418,572 4,o4o 2,218,095 67,848 759,246 - 60,190 14,462 13,154 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 a c c o u n t . Government F o r e i g n bank Other d e p o s i t s Total deposits Deferred a v a i l a b i l i t y items Capital paid in . Surplus . . . . . All other l i a b i l i t i e s . . . TOTAL LIABILITIES R a t i o of t o t a l r e s e r v e s t o d e p o s i t and F. R. note l i a b i l i t i e s combined . . . . C o n t i n g e n t l i a b i l i t y on b i l l s p u r c h a s e d f o r foreign correspondents C. 15,425 4,332 19,905 2,434,003 644,451 132,403 228,775 19,116 5,280,080 4,473 20,894 2,447,979 752,776 132,315 228,775 19,052 5,353,632 5,506 16,513 2,307,962 644,012 124,763 220,310 25,596 5,236,603 67.2$ 69.2$ 63*9$ 223,870 201,112 52,437 RESOURCES AND LIABILITIES OF THE FEDERAL ( i n thousands Total Boston New York F h i l a . Gold with Federal Reserve Agents 1,505,098 l l 4 , 9 0 6 285,067 113,117 Gold redemption fund with U. S.Treas. 53,925 6,63k 14,183 6,847 Gold h e l d e x c l u s i v e l y against F. r , notes 1,559,023 121,5k) 299,250 119,964 Gold settlement fund with F.R.Board 554,358 27,712 238,205 25,017 Gold an€ gold c e r t i f . held by banks 628,942 31,873 408,892 23!851 RE S O U R C E S Total gold reserves Reserves other than gold RESERVE BANKS ON DECEMBER 21, 1927. of d o l l a r s ) Cleve. 192,892 4,749 Rich. A t l a n t a Chicago St.Louis Minn. lans.Cy. D a l l a s San Fran. 33,107 141,134 247,767 39,365 47,031 5 8 , i 4 o 33,544 ' 199,028 3,423 2,127 5 , 6 i 4 1,901 1.997 1,563 2,131 2,756 197,641 36,530 143,261 253,381 4i,266 49,028 24,800 20,691 6,967 97,850 19,354 l 4 , 4 i 6 37,548 7,967 6,995 2,742,323 181,125 115.219 12,568 946,347 168,832 19,866 5.284 259,989 65,188 157,223 Total r e s e r v e s 2,857,542 193,693 Non-reserve cash 55,211 7,949 B i l l s discounted: Secured by U.S,Govt. o b l i g a t i o n s 390,830 19,948 Other b i l l s discounted 187,326 21,083 Total b i l l s discounted 578,156 41,031 B i l l s bought i n open market 365,772 45,022 U. S. Government s e c u r i t i e s : ShM Bonds 276,390715,516 Treasury notes 5J73&T 2,464 C e r t i f i c a t e s of indebtedness 257,655 18,197 Total U.S. Govt. s e c u r i t i e s 587,952 36,177 Other s e c u r i t i e s 980 966,213 174,116 16,609 952 268,916 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 resources TOTAL RESOURCES 1.532,860 122,230 569 37 759,2^6 68,471 60,190 3,94614.462 91 141,827 35,44I 2,927 3,499 57,397 50,608 51,471 9,315 93,242 49,129' 75,639 4 i , 6 6 l 19,745 17,433 6,398 21,833 190 70,328 170,351 415,612 4,415 3,525 5,833 82,938 3,433 73,351 1,103 17,537 5,294 1,586 8,879 13,317 49,694 28,751 35,739 390 8,809 97,694 66,634 2.040 2,007 277,696 3,846 3,081 33,565 5,185 8,558 8.041 l,79I_ 4,878 21,750 9,639 18,869 11,678 21,223 18,101 2,723 14,396 2,444 11,099 26,006 4,569 7,433 ' 4,4n ll,86l 7,811 86,213 38,163 23,900 38,342 31,644 620 220,860 65,563 47,125 62,916 58,272 67 21 15 18 17 94,354 8,774 l,4ll 6.633 7,975 2,302 66,203 1.528 1,985 5,750 16,599 22,831 48,894 5,575 31,744 35,675 201,784 14,831 38,696 7,319. 30,583 3,571 19,034 68,444 5,946 1,145 6,692 59,703 25,819 6,422 71,too 69,54s 91,944 57,825 271,063 3.803 17,509 1,286 6,lo4 11,538 5,140 154,028 45,664 61,511 12,452 13,783 100 260 423,718 136,554 156,895 92,179 52,084 216 47 52 25 20 197,059 66,128 71,848 57,1403 30,585 16,297 1,749 7,119 2,843 2,908 5,515 10,780 401,839 13,128 13,773 50.967 13.688 18.242 19,872 22.422 18,750 192,794 76,896 st. 5613b 38,750 2,312 17,757 46,075 94,464 34 35,683 16,904 45,187 30,247 45,377 4,476 1,827 3,957 2,774 3,520 7W__.I ? 435_ 872 425_ _579_. 5,280,080 396,417 1,625,627 379,736 509,615 227,583 261,001 746,911 192,335 142,707 212,756 159,583 425,809 s LUEmilIs »»»»'"• ~ " to ™ -»*• —^ • ^ a *S2££rS& ttrx&gr g : BBBWW s=~L, SSESrnMSSmimimi L 2 2 3 1 8 7 0 1 6 6 3 * • » ^ ^ 9,o97 ^ 6,656 ; > a 9 7>766 15; ^ mMMsmm P . R . n o t e s i s s u e d t o F* BeBankz BEET™*, Municipal warrants IllIff rn- "ar ' ST 220 *100 ™ 120 Z 157,092 w 65,853 " 12,225
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