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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, Jan. 22;
not e a r l i e r .
STATEMENT FOR THE PR2SS
S t . 4211
Federal Reserve Board,
January 21, 1926.
CONDITION OF FEDERAL RESERVE BANKS
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 Federal r e s e r v e banks on
January 20, made p u b l i c by the F e d e r a l Reserve Board, shows a f u r t h e r d e c l i n e
of $73,500,000 in b i l l s and s e c u r i t i e s and of $4l,300,000 i n F e d e r a l r e s e r v e
note c i r c u l a t i o n , t o g e t h e r w i t h an i n c r e a s e of $17,000,000 in r e s e r v e s . Holdings of discounted b i l l s want down $52,600,000 and of acceptances purchased
i n open market $21,600,000, while h o l d i n g s of Government s e c u r i t i e s increased
*1,200,000.
Discount',holdings of t h e F e d e r a l Reserve Bank of New York d e c l i n e d
$52,600,000, those of Cleveland $7,900,000, and of Chicago $5,100,000. The
San Francisco bank shows an i n c r e a s e of $6,800,000 i n d i s c o u n t s , A t l a n t a an increase of $4,300,000, and Kansas City of $4,000,000, while the remaining
banks r e p o r t smaller changes f o r t h e weak.
Open-market acceptance holdings of the A t l a n t a bank d e c l i n e d $7,500,000,
those of Dallas $4,400,000 , New York $4,100,000, and Boston and San F r a n c i s c o
$3,900,000 and $3,300,000, r e s p e c t i v e l y . Acceptance h o l d i n g s of the Cleveland
bank increased $3,700,000.
All of t h e Federal r e s e r v e banks r e p o r t a s m a l l e r volume of Federal r e serve n o t e s i n c i r c u l a t i o n , the p r i n c i p a l decreases b e i n g : Boston
$11,200,000, Cleveland $11,000,000, and New York and Chicago $3,900,000 each.
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 t h e
r e s e r v e banks during t h e week and the year ending January 20, 1926, f o l l o w s :
Increase
or
decrease
Year
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. Govt, 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 . . . . .
-
during
$17,000,000
15,POO, 000
- $116,600,000
- 129,900,000
73,500,^00
+
53,200,000
o00,000
+ 193,200,000
+ 250,400,000
+ 149,900,000
+ 100,500,000
B i l l s bought i n open market
-
a , 600,000
300,000
U. S. Government s e c u r i t i e s , t o t a l
Bonds
Treasury notes
C e r t i f i c a t e s of indebtedness . .
+
+
1,200,000
1,400,000
400,000
+
52,600,000
"200,000
Federal r e s e r v e notes i n c i r c u l a t i o n
-
41,300,000
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 . . .
+
26,700,000
37,000,000
10,500,000
c.
-
53,500,000
-
14,100,000
+
69,300,000
- 108,700,000
6,600,000
+
32,200,000
+ 102,100,000
3,500,000
Released
f o r p u b l i c a t i o n F r i d a y morning, January 22, 1926; not e a r l i e r .
St. 4Slla
RESOURCES AND LIABILITIES
OF THE TWELVE FEDERAL RESERVE BANKS COMBIKED
( i n thousands of d o l l a r s )
J a n . 20, 1926 J a n . 13. 1926 J a n . 21. 1925
RESOURCES
Gold with Federal r e s e r v e a g e n t s . . . .
Cold redemption fund with U.S. Treasury
1,517,010
49,159
1,472,351
49,711
1,744,722
50,590
Gold held e x c l u s i v e l y a g a i n s t F.R. notes
Gold s e t t l e m e n t fund with F. R. Board
Gold and gold c e r t i f i c a t e s held by tanks
Total gold r e s e r v e s
Reserves o t h e r than gold
1,566,169
573,852
674,762
1,522,062
608,492
668,479
1,795,312
592,394
557,014
2,814,783
152,069
2,799,033
150,846
2,944,720
2,966,852
2,949,879
3,083,435
83,920
86,990
77,322
251,872
201,310
*305,104
*200,659
101,946
100,811
Total b i l l s discounted
453,182
505,763
202,757
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 n o t e s
C e r t i f i c a t e s of indebtedness
305,850
327,402
60,801
183,595
125,570
59,410
184,022
125,363
74,947
292,307
56,210
369,966
368,795
423,464
3,150
6,500
1,138,648
3,158
7,000
2,559
10,500
1,212,118
945,456
642
719,719
59,308
16,507
642
750,502
59,308
16,456
641
626,914
57,902
23,963
4,985,596
5,075,895
4,815,633
1,692,021
1,733,284
1,698,628
2,242,730
27,628
8,397
19,560
2,279,741
17,117
7,763
20,369
2,140,611
31,146
24,362
19,977
2,298,315
644,929
118,211
220, 310
11,810
2,324,990
2,216,096
669,225
117,277
220,310
10,809
561,045
112,187
217,837
9,840
4,98 5,596
5*075,895
4,815,633
Total r e s e r v e s . . . .
Non-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 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 loans 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
138,715
.
306,176
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:
Government . ,
Foreign 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 i n . . . . . .
Surplus . . . .
All other liabilities
. . .
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 . . .
74.4
72.7$
78.8$
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
83,756
81,042
47,332
*Rsvised f i g u r e s .
C.
RESOURCES AND-LIABILITIES OF THE FEDERAL RESERVE BANKS ON JANUARY 20, 1926.
( l n t b 0 u s a n d s of
dollars)
RESOURCES
:::
Gold held e x c l u s i v e l y a g a i n s t
notes
Gold a n d ^ e p l ^ c e r t i f i c a t e ^ '
Board
Total geld r e s e r v e s
Reserves o t h e r t h a n gold
Total r e s e r v e s
——449,271 146,242 193,975
?0,816 111,187 1 3 6 , a 4
15,73°
66,676
52,353
25,202 206,266 1,566,169
j»,|67
193,918
21,810
K,?98 126,1*
j,349
1|,7S7
27,945
10,802
95,839 144,336 345,731
9,336
9,501 23,555
40,237
17,387
93,388
2,944
85,260
4,953
45,475 268,782 2,814:783
6,207
7,466
152]Oft
188,480 1,068,567 215,691 293,717 105,175 153,837 369,286
57,624
96,332
90,213
51,682 276,248 2,966,852
2,80?
3,199
37,228
37,77°
168,46l 1 , 0 ) 1 , 1 0 0 212,907 283,26?
20,019
37,46?
2,784 10,450
24,263
11879
5
-272
7
-°3°
: ; s g:S SS!
T o t a l t i l l s discounted
B i l l s bought i n open market
u. d. Government s e c u r i t i e s :
®onds
£
S
n
indebtedness
—-
92,237
12,562
Bi^Tdls'Lntel-
".312
12,838 '
4,662
947
,j:S $:%
58,06?
11,347
34,666
5,796
24,839
49,044
61,081
29,755
20,191
22,901
4,411
6,528
19,158
13,479
v
1v
6,686
19,922
32,06$
25955
„ 553
1,93%
604
6,103
1,240
1,017
20,190
2,025
7,06b
8,386
8,610
471
\ % \
^
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
124,952
-
195,162
642
24,063
3,050
605
36,455
695
8,944
344
88,017 106,594
-
49,750
17,956
573,852
83,920
S:S a a
45,041
15,258
52,749
1,755
^
?
0
£>
^
453,182
305*350
J
60,801
^,595
52,467
897
25,023
299
19,078
215
37,460
100
260
33,490
228
92,105 144,200
68,414
30,232
70,457
60,326 108,419 1,138,648
266
I S •:§ % * g 1 : 1 ' S
4,149
118,918
21,?60
12,310
481
c.
27,374
28,056
84,105
•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 RESOURCES
4811b
^'5 S : " j j g S^|s
"^S
F-
St
49,g4i
455
369,966
3 150
6^00
":g t j % ftg
394,727 1,471,079 371,609 480,568 227,307 296,472 626,972 176,658 146,027 211,234 145,890 437,053 4,985,596
L I A B I L I T I E S
St. 4811c
RESOURCES AND LIABILITIES" OF THE FEDERAL RESERVE • BARKS ON.JANUARY 20, 192&.
(In thousands of d o l l a r s )
Total
Boston New York P h i l a . 01eve. Rich* Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran
363,657 142,975 207,951 81,831 159,876 169,390 37,783 66,283 68,279 43,104 194,200 1,692,021
156,692
F. R. notes In actual c i r c u l a t i o n
Deposits:
861,131 134,858 170,771 67,355 78,418 329,036 82,094 54,050 91,184 59,378 167,605
146,850
Member bank - reserve account
2,060
946
1,257
1,883
1,079
1,831
3,505
2,461
6,350
2,112
1,911
2,233
Government
296
584
364
271
330
449
339
1,161
2,248
8O5
906
644
Foreign bank
184
60
5,953
386
960
159
48
952
9,541
221
879
217
Other d e p o s i t s
879,270 137,996 174,467 69,794 82,310 333,610 85,478 56,388 92,979 60,680 175,399
149,944
Total deposits
131,993 58,265 61,106 57,044 40,481 75,643 38,080 11,765 36,224 29,825 42,586
61,917
Deferred a v a i l a b i l i t y items
4,261
8,230
3,184
4,235
4,695 15,846
5,127
33,215 11,623 13,174
5,994
8,627
Capital paid in
7,615
15,071
7,501
8,979
8,700 30,613
9,570
59,964 20,464 22,894 11,919
17,020
Surplus
§06
405
1,567
4l0
1,870
620
538
2,980
286
976
725
527
All other l i a b i l i t i e s
394,727 1,471,079 371,609 480,568 227,307 296,472 626,972 176,658 146,027 211,234 145,890 437,053
TOTAL LIABILITIES
49.8
74.7
61.5
86.0
76.8
76.8
69.4
63.5
73.4
46.7
78.5
55-9
Reserve r a t i o (per cent)
Contingent l i a b i l i t y on b i l l s pur2,901
5,720
3,564
2,653
3,233
6,300
23,575
7,875
8,870
4,393
3 , 3 i 6 11,356
chased f o r f o r e i g n correspondents
F.R.notes on hand (notes rec'd from
3,402
8,911
5,345 56,363
F.R.Agent l e s s notes i n c i r c u l a t i o n ) 17,197 153,194 46,978 18,600 20,560 20,339 26,177
7,323
FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS
243,189
743,211
218,193
290,221 127,786 226,779 428,804 69,186 88,128 119,420 63,561 304,063
F.R.notes rec'd from Comptroller
69,300
226,360
28,240
63,670 2 5 , 3 9 5 4 6 , 5 6 4 233,237 24,080 18,443 42,230 15,112 53,500
F.R.notes held by F. R. Agent
173,889 516,851 189,953 226,551 102,391 180,215 195,567 45,106 69,685 77,190 48,449 250,563
F.R. notes issued to F.R. 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.notes issued to F.R. Bank:
17,226
1,600
8,780 24,510 10,750
10,345 13,052
35,300 186,697
Gclxd and gold c e r t i f i c a t e s
3,136 13,522
3,388
4,180
3,973
1,201
2,656
3,344
27,052 12,776 12,189
15,202
Gold redemption fund
3,000 189,537
50,000 45,360
34,000 226,000 126,389 170,000 40,500 92,500 125,645 3,200
Gold fund - F. R. Board
26,558
57,926
107,177
50.995
67,047
38,883
73,754
90,688
43,062
10,568
32,582
112,161
E l i g i b l e paper
196,603 546,926 191,760 258,016 107,281 161,184 220,306 57,808 76,276 81,286 49,920 260,985
Total c o l l a t e r a l
MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS
31
to 60 days
6l to 90 days
91 days to
Over 6 months
v
Within 15 days
l 6 to 30 days
6 months
29,941
49,66s
25,779
8,909
670
B i l l s discounted
338,215
63,107
89,620
56,862
9,060
87,201
B i l l s bought in open market
476
113,934
11,124
36
C e r t i f i c a t e s of indebtedness
C.
2,242,730
27,628
3,397
19,560
2,298,315
644,929
118,211
220,310
11,810
4,985,596
74.4
83,756
384,389
2,922,541
846,131
2,076,410
308,260
102,619
1,106,131
711,401
2,228,411
Total
453,182
305,850
125,570
@FedFRASER