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Released, for publication Friday morning, Dec. 9» not e a r l i e r . STATEMENT FOR THiS PRESS St 5598 Federal Reserve Board, December 2, 1927 CONDITIO!! OF THE FEDERAL H5SHRV3 BAW.4 The consolidated statement of condition of the Federal reserve banks on December 7, made public by the Federal Reserve Board, shows a decrease fdr the week of $33,100,000 in holdings of discounted b i l l s and increases of $25,300,000 in acceptances purchased in open market, $56 ; 400 ; 000 in Government s e c u r i t i e s , $13,400,000 in cash reserves," $33,200,000 in'Federal reserve note circulation and $18,500,000 in member bank reserve deposits. Total b i l l s and s e c u r i t i e s were $ 4 8 , 5 0 0 , 0 0 0 above the amount held a reek- ago. Smaller holdings of discounted b i l l s were reported by nine of the Federal reserve banks the principal changes being decreases of $15,600,000 at New York, $7,400,000 at Philadelphia $6,300 ,000 at St. louis a.nd $5,200,000 at Atlanta and increases of $6,800,000 a t San Francisco and $4,300,000 at Cleveland, pie System's holdings of acceptances purchased in the opan market increased $2^,300,000, of bonds and Treasury notes $2,000,000 and of Treasury c e r t i f i c a t e s $54,400,000, the increase in holdings of treasury c e r t i f i c a t e s being due largely to an increase from $2,000,000 to $50,000,000 in the amount of temporary c e r t i f i c a t e s issued by the United States Treasury to the reserve banks. Federal EGserve note circulation increased $7,200,000 at the Boston bank, $5,500,000 at Cleveland, $4,800,000 at Philadelphia, $4,400,000 at San Francisco, and $33,200,000 at a l l Federal reserve banks. A summary of changes in the principal 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 December 7, 1927, follows: urease during Year Total reserves Gold reserves Increase or Week +$13,400,000 + 21,700,000 Total b i l l s and s e c u r i t i e s B i l l s discounted, total Secured by U.S.Government obligations Other b i l l s discounted + + 48,500,000 33,100,000 50,500,000 17,300,000 +107,200,000 -160,800,000 + 25,300,000 - 11,000,000 + 56,400,000 + 1,500,000 + 500,000 + 54,400,000 +280,600,000 +209,800,000 . . . B i l l s bought in Open market U. S. Government s e c u r i t i e s , total Bonos . . . . . . . . . . . Treasury notes C e r t i f i c a t e s of indebtedness . . . . . Federal reserve notes in circulation + Total, deposits Members' reserve deposits Government deposits + l4,100,000 + 18,500,000 300,000 . . . 33,200,000 + $3,800,000 - 1,700,000 - 53,700,000 -107,100,000 - 62,100,000 +132,900,000 - 5^,000,000 +138,700,000 +166,100,000 . - 24,000,000 Released f o r publication Friday morning, December 9, 192?; not earlier.,- St. 5598a RESOURCES MD LIABILITIES OF THE TWELVE FEDERAL RESERVE BMKS CCSBIHED (In thousands of dollars) Dec. 7.1927 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 Gold settlement fund with F.R. Board . . . Gold and gold c e r t i f i c a t e s held by banks . Total gold reserves Reserves other than gold Total reserves B i l l s discounted: Secured "by U.S.Government obligations . 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 : 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 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 resources . . . . TOTAL RESOURCES 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 . . . . . Government Foreign bank Other deposits Total deposits 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 Nov. 50.1927 Dec. 8,1926 1,530,667 46,190 1,576>857 586,044 663,834 1,476,253 49,23s 1,525,491 631,911 647;584 2,804,986 1,348,339 58,314 1,406,653 731,402 690,338 134,904 2,828,393 121,060 2,939,890 53,274 2,949,453 48,920 345,070 131,955 348,334 256,392 379.99S 477,025 354,740 604,726 390,989 266.243 56,155^ 281,853 264,732 55,611 227,492 56,436 118,214 148,933 604,201 547,835. 915 323,583 2,563 2,826,735 126,540 2,953,275 294,613 149,294 443,907 915 1,429,021 566 647,516 60,067 14,176 1,380,515 566 692,230 60,001 13,991 1,321,861 651 669,517 60,125 15,710 5,158,349 5,145,467 5,066,237 1,749,795 1,716,574 1,803,787 2,397,062 1,771 5,4IO 23,010 2,378,563 2,093 4,842 27,672 2,413,170 637,726 *131,702 228,775 *17,520 5,145,467 2,230,971 25,798 13,459 18,361 2,288,589 6o4,i85 2,427,253 602,517 131,733 228,775 18,271 5,158,349 124,73k 220,310 24,632 5,066,237 Ratio of t o t a l reserves to deposit and F. R. note l i a b i l i t i e s combined . . . 70.756 71.20 12.1% Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 187,587 186,186 48,837 *Revised f i g u r e s . RESOURCES EE SOURCES Alto LIABILITIES OP THE FEDERAL EE SEE YE BAHKS ON DECEMBER 7 (In thousands of dollars) 1927 p-TOR>1 559 Total Boston Hew York Fhila. Cleve. Eich. Atlanta Chicago St.Louis Gold with Jederal Reserve Agents 1,530,667 108,969 300,OoS 117,305 202,372 34,925 l 4 l , 3 l 2 257,7b7 45,476 Gold redemption fund with U.S.Treas. 46,190 3,972 12,354 8,042 3,402 3,239 2,159 2,803 2,127 1,'inn. Kans.Cv. W S t o S t o Pran. 47,995 53 445 30 014 191 019 2,152 l',9o& Z.IV) Gold held exclusively against a - notes 1,576,857 112,941 Gold settlement fund with F.E.Board 586,044 35,925 Gold and gold c e r t i f . held by banks 063,834 34,179 312,422 125,347 205,774 191,978 38,509 50,1)46 431,088 24,825 39,589 3 8 , l 6 4 i43,471 260,570 30,722 6,710 90,079 7,994 8,095 55,153 47,603 26,455 11,120 50,147 16,953 6,498 55,4i3 31,647 193,35s 31 774 19 723 46 770 6^414 ?!372 31 ] 507 Total gold reserves, Eesevves other than gold 2,826,735 183,045 126,540 13,098 935,488 188,681 295,809 23.6 % 6,554 9.264 76,880 158,276 405,802 4,887 13,420 15.703 85,178 12.568 73,598 4.225 93,601 5.674 58,742 271,635 9.563 7^926 Toj^teserves 2,953,275 19b,l43 Non-reserve cash 53,728 6,665 B i l l s discounted: Securod by U.S.Govt, 'obligations 294,613 26,652 Other b i l l s discounted 149,294 9,506 959,146 195,235 305,073 16,586 819 2,926 81,767 171,696 421,505 4,592 3,913 5,466 97,746 3,470 77,823 725 99,275 2,345 68,305 279,561 2,066 4,155 TotPi t 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 : 132,509 _ 33,329 44,275 19,309 119,651 32,554 17,324 49,282 443,907 379,995 36,158 43,078 2 6 M < 14,489 .56,1©5\ 2,601 , 2 8 1 , 8 5 3 17,869 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 6o4,20ij^34,959 915 Total bills_and s e c u r i t i e s Due from foreign banks Uncollected items Sank premises All other resources 1,429,021 114,195 Treasury notes C e r t i f i c a t e s of indebtedness miAL RESOURCES 566 647,516 60,067 14,176 89,769 22,456 42,740 .10,873 48,682 8,551 . 114,917 16,713 6,526 22,191 3 4 ^ ; 9- -, I f• f 17,856 172,150 - 45,430 100 5,93 2 47,443 2,476 5,989, 5,649 6,GIO 61,2a 12,4i6 - 15,218 260 424,310 111,4l3 122,820 81,507 213 160,311 3,946 16,284 5,315 <5,158,349 384,302 34,73 2 59,473 2,54l 53,743 5,957 810 ^ 37 63,229 87 31 = 500 7,099 11,310 45,033 12,775 12.710 23.422 l4,44o 47 52 25 54,800 57,688 1,749 217 1,247 53,224 2,737 46O 7,119 7,693 4,756 718 1.834 12,449 2,552 4,387 20,335 32,149 18,360 7,523 12,116 11,292 4,480 4,480 G,OO4 85,581 37,999 52,751 198,797 20 25,769 2,904 1,383 6,705 8.36l 2 iSS 2,755 42 912 5!l22 15,066 5,521 8,309 22,678 48,034 6,116 2 0 , 5 ... 44 3^024 3,024 17,491 25,146 2]489. 2,489 . 2,455 14,735 11,370 18,187 23,776 555 38,303 31,350 45,798 , 54,835 47,218 59,549 99,94# 67 21 75,580 8,774 1,335 34,54i 3,958 764 15 15,560 61,678 18 17 28,526 1,827 492 34 36,864 3,519 2,774 1,439 41,424 4,476 563 069 1,582,165 3 6 4 , 2 8 0 496,925 2 2 4 , 3 1 2 258,436 711,524 195,335 1 4 5 , 5 5 4 2 0 9 , 7 8 4 160,782 4 2 4 , 9 5 0 ST RESOURCES AID LIABILITIES OF THE FEDERAL RESERVE B A M S ON DECEMBER 7 , 1 9 2 7 . L I A B I L I T I E S ( i n thousands of d o l l a r s ) FcR.notes i n actual c i r c u l a t i o n Total Boston 1,749,795 i 4 l , 9 6 8 ^Merrber'bank - reserve account 2,397,062 153 , 239 E t t . i f f 955,064 135,047 183,874 ! ; . • £ 2,427,253 154,537 - i TOTAL LIABILITIES Reserve r a t i o (per cent) i m 559&C New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 366,496 142,659 217,099 78,276 147,957 249,877 54,409 61,234 66,979 49,245 173,596 I Total d e p o s i t s * i . 73,648 g 6 9 , 4 l 4 340,012 1 g . 88,180 l g l 60,16s 968,216 135,862 186,530 74,667 69,914 341,788 89,360 1 i i 1 1 a i i i i i 59,391 90,724 . 1 68,560 179,859 l 92,447 1 l l 68,933 13%,831 i | j j 5,158,349 384,302 1,582,165 364,280 496,925 224,312 258,436 711,524 195,335 1 4 5 , 5 ^ 209,784 160,782 424,950 70.7 66.2 71-9 70.1 75-6 53-5 78.8 71.2 68.0 64.1 62.3 57-8 78.0 187,587 13,964 52,972 17,874 19,736 9,682 7,634 25,694 8,006 5,586 6,889 6,517 13,033 ~ A % I I t ° i e s T n o t e r i I c i r c u l l t i o n ) 4 2 5 , 4 9 1 34,888 136,916 31,646 30,735 18,238 30,527 57,043 6,772 7,473 8,352 8,074 54,827 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS S T r c r F.R.notes i s ^ & d 4 o F.R,Bank C o l l a t e r a l h e l d as s e c u r i t y f o r 2,175,286 176,856 503,412 174,305 247,834 96,514 178,484 J>0o,920 ol.lSl 68,707 I f " 7 5,331 g f g | 57,319 228 , 423 :r HE % & # # # # # Total s 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 Municipal warrants C. Within 15 days ?||:||| 281,253 155 59,932 ~ l 6 to 30 days 7':^ 55 31 t o 60 d a y s & & ^ o l t o 90 d a y s g months 1 7 | g __ * 5 -
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