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STATEMENT 5'0R THE PRESS St. Us27 Federal Reserve Board, February 4, 1926, Released f o r p u b l i c a t i o n Friday morning, Fab. 5 J not e a r l i e r . CONDITION OF FEDERAL RESERVE BANKS The c o n s o l i d a t e d statement of c o n d i t i o n of the Federal r e s e r v e banks on February 3, made public by the F e d e r a l Reserve Board, shows a n i n c r e a s e of $39,200,000 i n holdings of discounted b i l l s and of $6,800,000 in acceptances purchased i n open market, p a r t l y o f f s e t by a d e c l i n e of $15,300,000 i n Government 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 went up $30,700,000, while cash r e s e r v e s declined $13,900,000, n o n - r e s e r v e cash $10,200,000, and Federal r e serve note- c i r c u l a t i o n $4,700,000. Discount h o l d i n g s of the Federal Reserve Bank of New York increased £51,700,000 during the week, and those of the Richmond bank $4,400,000. The Chicago and Cleveland r e s e r v e banks show d e c r e a s e s i n d i s c o u n t s of $10,000,000 and $5,700,000, r e s p e c t i v e l y , and San F r a n c i s c o a decrease of $3,200,000.. Smaller changes in d i s c o u n t h o l d i n g s are r e p o r t e d by the other r e s e r v e banks. The New York bank a l s o shows an i n c r e a s e of $10,400,000 i n open-market acceptance h o l d i n g s , and Chicago and Cleveland - i n c r e a s e s of $3,400,000 and $2,600,000, r e s p e c t i v e l y . At t h e Boston bank open-market acceptance holding* declined $7,100,000, and a t A t l a n t a $4,000,000. Holdings of Treasury c e r t i f i c a t e s declined v i e , § 0 0 , 0 0 0 and h o l d i n g s of Treasury notes increased $1,600,000. The Cleveland bank r e p o r t s a decrease of $5,900,000 i n Federal r e s e r v e note c i r c u l a t i o n , and New York - an i n c r e a s e of $5,700,000, w h i l e t h e P h i l a delphia and San F r a n c i s c o banks show a t o t a l i n c r e a s e of $3,200,000, and the e i g h t remaining banks a t o t a l r e d u c t i o n of $7,800,000. 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 the r e s e r v e banks during the week and the year ending February 3, 19^6, f o l l o w s : Increase or decrease during Week Year - $125,300,000 Total r e s e r v e s Gold r e s e r v e s - $13,900,000 9,200,000 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. Govt, o b l i g a t i o n s . . . Other b i l l s discounted . . . , + + + - 30,700,000 39,200,000 39,800,000 600,000 + 117,100,000 . + 6,800,000 5,700,000 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 indebtedness ; - 15,300,000 + - 1,600,000 16,900,000 39,100,000 15,500,000 Federal r e s e r v e n o t e s i n c i r c u l a t i o n . . . . - 4,700,000 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 . . . . . . . . . . . + + 10,3OO,000 1,700,000 14,400,000 B i l l s bought i n open market C. . . . . . . - 129,000,000 + 165,400,000 + 74,700,000 + - + Q0,700,000 88,800,000 65,200,000 27,900,000 + + + 14,900,000 21,600,000 14,300,000 Released f o r p u b l i c a t i o n Friday morning, February 5, 1920; not e a r l i e r . St.4827a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) l e b . 3, 1926 J a n . 27. 192fa Feb. 4. 1925 RESOURCES Gold w i t h Federal r e s e r v e a g e n t s Gold redemption fund with U.S. Treasury . Gold held e x c l u s i v e l y a g a i n s t F . R . n o t e s Gold settlement fund with F. R. Board . . C-old and gold c e r t i f i c a t e s h e l d by banks . ' Total gold r e s e r v e s . . Reserves other than gold i i Total r e s e r v e s Non-reserve cash B i l l s discounted": Secured 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 d i s c o u n t e d . . Bills"bought i n open market U. S. Government s e c u r i t i e s : . 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 U. S. Government s e c u r i t i e s , Other s e c u r i t i e s Foreign l o a n s 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 Uncollected items Bank premises All o t h e r r e s o u r c e s TOTAL RESOURCES . . . . 1,450,287 46,135 1,511,514 49,604 1,726,2]! 51,637 1,496,422 l,56l,llg 1,777,36s 633,596 661,914 578,327 661,709 570,035 572,987 2,791,932 147,3^8 2,801,154 152,053 2,920,890 143,704 2,939,260 2,953,20? 3,064,594 71,056 81,250 62,930 298,089 189,707 255,227 190,330 207,325 115,042 487,796 448,557 322,367 302,264 295,417 308,004 59,738 184,435 105,590 59,733 182,673 122,457 75,2lb 273,252 40,360 349,763 365,063 385,828 3,150 6^399 3,150 6,500 2,559 10,500 1,149,372 660 628,838 59,322 16,995 1,118,687 642 635,749 59,323 17,071 1,0.32,258 642 567,515 58,004 23,675 . 4,865,503 4,865,929 4,809,918 1,662,520 1,667,266 1,690,385 2,215,193 43,356 4,991 18,952 2,216,852 25,935 8,796 17,623 2,193,624 29,049 24,882 20,0l4 2,282,492 2,272,236 2,267,569 570,721 118,121 220,310 11,339 576,385 118,251 220,310 11,481 nil,833 112,316 217,837 9,978 4,865,503 4,865,92% 4,809,918 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 - 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 other l i a b i l i t i e s TOTAL LIABILITIES Ratio 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 . . . . Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents C. . 74.5$ 75»0%> 77*4$ 33,543 83,047 45,157 RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BAMS ON FEBRUARY 3, 1926. ( I n thousands of d o l l a r s ) RESOURCES Boston s : » » ' . t New York s u Phila. v Cleve. & Rich. ' / - a »;•% A t l a n t a Chicago S t . L o u i s " S t . 4827b Minn. Kans.Cy. D a l l a s San Fran. Total T-g;"xv^i a Gold h e l d e x c l u s i v e l y a g a i n s t F. R. n o t e s 85,281 Gold s e t t l e m e n t fund with F.R.Board 52,496 Gold and gold c e r t i f i c a t e s 39,063 396,622 143,977 19°,890 188,261 35,562 63,743 379,591 31,534 49,387 ~ 59,336 117,504 133,946 30,154 31,227 127,714 3,849 3,812 80,885 15,277 18,152 16,314 ——— 66,056 53,43.9 28,549 205,565 1,496,422 16,111 3 0 , B $ ' 1 5 , 3 * 1 24,201 633,596 6,904 5,3%9 8,875 3 6 ^ 8 1 661^14 T o t a l gold r e s e r v e s Reserves o t h e r t h a n gold 964,474 211,073 304,020 37,861 3,340 9,038 93,339 152,543 342,545 8,137 9,971 22,164 49,743 17,266 89,071 2,853 Total r e s e r v e s 176,840 18,764 195,604 1 , 0 0 2 , 3 3 5 214,413 313,058 101,476 162,514 364,709 Non-reserve cash 7,025 B i l l s discounted: Secured by U.S.Govt, o b l i g a t i o n s 13,729 Other b i l l s d i s c o u n t e d 16,407 Total b i l l s d i s c o u n t e d B i l l s bought i n open market U» S. Government s e c u r i t i e s : 3 °nds 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 U.S. G o v ' t , s e c u r i t i e s Other s e c u r i t i e s F o r e i g n l o a n s 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 Uncollected items Bank premises All Other r e s o u r c e s TOTAL RESOURCES 89,360 4,966 52,777 266,147 2,791,932 6,137 6,831 147,328 67,009 91,924 94,326 58,914 272,978 2,939,260 24,89b 2,159 4,355 5,581 3,463 9,307 4,034 788 2,515 2,862 4,071 71,056 137,173 20,355 31,227 17,167 19,105 19,053 16,442 23,747 4,665 a,606 42,603 30,452 8,082 9,405 957 3,097 6,035 9,081 1,428 4,733 16,643 14,604 298 089 129,707 30,136 75,696 157,528 36,852 48,394 16,390 38,158 14,800 40,189 7,697 26,271 38,121 73,055 32,085 17,487 18,239 4,054 7,186 15,116 14,441 6,l6l 15,690 31,247 25,06? 487,796 302,264 572 1,580 7,755 1,934 43,133 11,182 604 3,781 17,363 8,103 19,408 6,195 1,240 3,346 2,737 1,077 9,662 5,904 20,190 18,172 9,698 2,035 14,575 7,875 7,665 6,976 3,279 8,387 18,228 8,993 7,460 17,095 6,396 471 28,479 18,213 59,738 184,435 105,590 9 , 907 4?4 56,249 1,728 a,748 3,050 59 5 33,706 68 5 7,323 339 1 6,643 262 48,060 8 83 24,485 17,920 294 211 35,608 100 256 30,951 224 47,163 448 349,763 3,150 6,'399 116,213 58,372 4,068 79 252,357 660 146,284 16,666 4,253 90,177 58,487 1,454 214 87,349 55,833 7,409 1,123 55,548 60,505 32,630 4,111 562 65,521 , 39,008 4,636 453 53,026 103,925 1,149,372 _ _ ggO 25,870 34,783 628,838 1,793 3,217 59,322 465 3,366 16,995 54,124 2,364 406 81,297 154,083 36,742 75,572 2,728 7,933 1,224 2,395 29,371 11,133 2,943 2,455 381,361 1 , 4 4 7 , 4 5 1 366,904 469,12? 219,499 287,968 613,999 168,851 138,614 206,459 142,930 422,340 4,865,503 L I A B I L I T I E S . • R. notes 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 RESOURCES AJID LIABILITIES OF TEE FEDERAL RESERVE BANKS ON FEBRUARY 3 , 1926. S t . 4g27c ( i n thousands of d o l l a r s ) Boston New York P h i l a . CI eve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s San F r a n . Total 149,Ogi 366,127 146,141 199,588 7 9 , 4 6 l l 5 3 , 4 9 0 1&3 t 63l 37,154 64,837 66,642 40,670 190,652 1,662,520 144,963 233,743 4,218 13,404 1,437 372 9,021 23 149,636 862,670 56,424 123,511 8,627 33,098 17,020 59,964 2,081 563 381,361 1,447,451 81.6 65.5 TotaL_derosits Deferred avail a b i l i t y items C a p i t a l paid i n Sur%.l'c^ All o t h e r l i a b i l i t i e s TOTAL LIABILITIES Rcrsrvn r a t i o (per c e n t ) Cclitindent l i a b i l i t y on b i l l s p u r chased xor f o r e i g n correspondents 6,350 F.R>ro + es or. tend ( n o t e s rec 1 d from F„E.Agent l o s s notes i n c i r c u l a t i o n ) 1 9 > 520 F . R . n o t e s rec!d from Comptroller F , R . r o t e s held by F. R. Agent F . n . n o t e s i s s u e d t o F.K. Bank 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.not3C i s s u e d to F.R. Bank: Gold and gold c e r t i f i c a t e s Gold redemption fund Gold fund - F. R. Board E l i g i b l e paper Total c o l l a t e r a l B i l l p discounted B i l l s bought i n open market 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 e. 22,883 132,330 177,343 1,860 2,422 465 524 197 348 134,922 181,137 53,426 51s328 11, W 13,173 20,464 22,894 ' 128 1 007 70,022 467 259 91 70,839 50,511 6,02c ll 360,904 469,12/ 21: 76.3 67.5 7,933 3,940 78,722 325,146 31,715 6,188 9,352 1,232 196 671 210 26 1,144 1,125 25,132 336,315 34,28 2 JO,416 65,622 32,026 - , 7 8 2 15,860 5,119 s..700 30,613 9,570 442 1,958 67O 3 7 , 9 6 8 613,999 163,851 £->. 7P.Q SR. 9 >.77 72.9 55.2 4,423 3,341 11,448 2,674 3,259 37,690 18,639 IS,361 18,958 17,599 6,558 2,731 6,103 TEPERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 5 24,732 422,667 67,822 go,21b 123,035 236,111 746,252 210,071 283,047 124,' 6-k 256,360 320 26,910 47,2H4 241,437 24,030 lg,64g 50,290 _ilt52l 163,611 519,392 133,331 218,227 97,822 177,478 181,230 43,742 67,56s 72,745 35,300 16,124 24 ; 000 ,832 183,256 153,765 3,593 50,332 90,132 61,627 164,061 2,215,193 1,034 1,009 384 1,266 43,356 157 191 . 171 338 4,991 129 273 33 5,917 18,952 51,652 91,610 62,715 1 71>5S2 2,282,492 10,523 34,424 27,209 35,296 570,721 3 , 1 7 4 . 4,246 4,274 8,119 118,121 .7,501 8,979 7,615 15,071 220,310 922 5% 447 1,614 11,339 135,614 206,459 142,930 422,340 4 , 8 6 5 , 5 0 3 T&-3 57-0 75.4 74.5 59.6 1,600 8,780 24,510 10,910 186,698 26,950 9,655 11,014 3,334 5,032 3,906 176,000 121,189 170,000 29,500 q s , 0 0 0 125,644 162,416 53,606 51,543 43,922 64,184 105,018 552,064 186,250 241,342 101,266 178,126 234,568 MATURITY DISTRIBUTION OF BILLS AND Fithin 15 days 16 t o 30 days 373,358 96,785 32,329 55,073 31 t o 60 day; 46,564 86,264 2,924 5,765 33,543 5,210 5 3 , 7 1 3 355,552 61,392 297,876 2,884,453 16,012 53,500 363,051 45,830 244,376 2,021,402 11,045 13,052 13,066 309,961 837 1,743 3,593 2,963 19,755 106,916 2,200 50,000 47,360 6,000 133,317 1,033,410 35,585 10,925 29,455 21,698 56,111 740,300 49,667 75,720 80,413 48,732 259,133 2,190,587 CERTIFICATES OF INDEBTEDNESS Over 6 months 61 to 90 days 91 days t o Total 6 months 1,067 487,796 26,306 7,672 302,264 6,960 57,182 11,810 105,590 93,780
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