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STATEMENT FOB THE PRESS Heleased for publication Friday morning, Jan. 28; not e a r l i e r . coioinoi: St. 5246 Federal He serve Board, January 27, 192/. OF F . M S H \ L H%s?n^ BANKS The consolidated statement of c o n d i t i o n of the Federal Be serve "banks on January 26, made puolic oy the Federal He serve Board, shows a f u r t h e r decline of $93,400,000 in b i l l and s e c u r i t y holdings, of $51,700,000 in member hank reserve deposits and of $21,400,000 i n Federal reserve note c i r c u l a t i o n , 2nd an increase Of $37,400,000 i n cash r e s e r v e s , . i l l c l a s s e s of b i l l and s e c u r i t y holdings dec l i n e d during the week, discounts by $50,900,000, acceptances purchased i n o w n market by $35>500,000 and Government securit _es by $10,000,000. Discount holdings of the New York reserve bank declined $28,800 000 d-iring tjxe week, of Chicago $7,500,000, Cleveland $7,-00,000 and St. Louis # , 1 0 0 , 0 0 0 , nvhile the Federal Ho serve Bank of Boston reports an. increase of $4,100,000 i n d i s counts. The New York bank also shoe's a decrease of $30,700,000 i n open-market acceptance holdings. The System's holdings of Treasury notes wore $4,400,000, of T J. S. bonds $4,100,000 and of Treasury c e r t i f i c a t e s $1,500,000 below the preceding week's t o t a l s . Most of the Federal reserve banks report a smaller volume of Federal reserve notes i n c i r c u l a t i o n than a week ago, the principal decreases being: Chicago $8,400,000, Boston $5,300,000 and San Francisco $4,000,000. 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 the reserve banks during the week and the year ending January 26, 1027, f o l l o w s : Increase or decrease Hi Total reserves . Gold reserves + $37,400,000 + 30,900,000 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. Gdvt. o b l i g a t i o n s Other b i l l s discounted - 95,400,000 50,900,000 11,700,000 39,200,DOG . . . . - 35,500,000 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 . . . - - 10,000,000 Federal reserve notes i n c i r c u l a t i o n . Total d e p o s i t s Members' reserve d e p o s i t s Government d e p o s i t s . . . B i l l s bought i n open market c. Year + $179,700,000 + 165,600,000 - i^6,4oo,ooo 83,400,000 e8,300,000 + b,400,000 - + - 21,400,000 + - 72,500,000 51,700,000 - 7,200,000 15,100,000 62,300,000 8,400,000 4,100,000 4,4oo,ooo 1,500,000 - during - + 89,500,000 35,600,000 21,200,000 26,900,000 25,100,000 100,000 Released f o r publication Friday morning, January 23,1927; not e a r l i e r . St. 5245a RBSOURC'S -V'TD LIABILITIES OF T!-" TmVF. F ^ r a u , SSS-RVK: B U S OOMBIIPSD (In thousands of d o l l a r s ) Jan. 26,1927 Jan. 19.1927 Jan. 27.1926 r 3 T3 S C J A Gold with Federal r e s e r v e a g e n t s Sold redemption fund with U.S. Treasury l,6oi,li4 51,921 1,575,495 52,633 1,511,514 49,604 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 s e t t l e m e n t fund w i t h F. R. Board . . Gold and gold c e r t i f i c a t e s h e l d "by hanks . 1,653,035 1,628,128 507,931 305,824 503,513 804,294 1,561,lid 578,327 661,709 Total gold r e s e r v e s . . . . . . Reserves other than gold 2,966,790 2,935,935 159,566 2,801,154 152,053 79,109 3,095,501 81,174 2,953,207 81,250 189,939 175,218 201,611 214,448 258,227 190,330 365,157 416,059 448,557 301,827 337,360 295,417 51,327 93,395 158,043 55,463 97,774 159,505 59,733 182,573 122,457 302.765 2,500 312,742 365,063 2,500 3,150 6,500 . . 166,072 Total r e s e r v e s "Ion-re sorve cash B i l l s discounted: Sec. hy TJ. S. Government o b l i g a t i o n s Other b i l l s discounted 3,132,262 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 1. S. 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 T o ta l 'J. 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 Dae from f o r e i g n banks Uncollected items . . . Bank premises All other r e s o u r c e s . . TOT VL a7"SOURCES . . 972,249 1,068,661 657 627.766 53,258 12,189 657 722,746 58,231 12,053 1,118,637 642 635,749 59,323 17,071 4,883,090 5,039,023 4,865,929 1,583,485 1,709,919 1,667,266 2,191,753 28,999 5,487 19,072 2,243,429 36,238 5,699 32,429 2,216,882 23,935 8,796 17,623 2,245,311 2,317,795 2,272,236 584,540 125,523 228,775 10,456 546,976 125,430 228,775 10,073 576,335 113,251 220,310 11,431 4,883,090 5,039,023 4,865,929 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: Member bank - r e s e r v e account . Government Foreign ban?..; . . . 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 C a p i t a l oaid 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 . . . 13 M 76.9F 75.0# 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 94,674 90,382 83,647 Digitized for• FRASER n. R E S O U R C E S RESOURCES. AID LIABILITIES 0? THE FEDERAL K^StRVE BXMRS ON JANUARY 26, 1927. S t . 5246b ( i n thousands of d o l l a r s ) Boston Mew York Phi l a . Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Xans.Cy. D a l l a s San Fran. T o t a l Gold 7/ith F e d e r a l Reserve Agents 130,515 Gold redemption f u n d ? d t h U . S . T r e a s . 5 . 5 2 3 Gold h e l d e x c l u s i v e l y a g a i n s t ?. R. n o t e s 427,658 113,974 165,099 9,283 l l , 6 o 4 7,808 67,001 143,074 177,715 1,540 2,124 4,834 31,902 1.533 60,689 2,012 60,798 1,768 35,271 187,418 1 , 6 0 1 , l l 4 1,216 2,676 51,921 436,941 125,578 172,907 68,541 145,198 182,549 33,435 62,701 62,566 36,437 190,094 1 , 6 5 3 , 0 3 5 111,637 524,205 19,819 13,452 25,159 121.885 4,717 64,090 23,252 16,993 13,882 6,733 30,274 7,6o4 16,578 8,469 201,0151,072,733 190,650 276,590 101,812 175,074 368,524 32,960 16,723 7,658 11,362 11,577 13,233 27,316 73,680 83,316 100,444 217,738 1 , 1 0 5 , 7 4 3 198,303 287,952 113,389 188,307 395,840 1,812 25,268 5,026 10,095 7,742 4,635 8,375 91,245 136,038 Gold s e t t l e m e n t fund with F.R.Board 28,397 Gold and gold c e r t i f . h e l d "by hanks 36,580 T o t a l gold r e s e r v e s R e s e r v e s o t h e r t h a n gold Total reserves x Ton-re serve c a s h B i l l s discounted: Secured by U. S. Govt. o b l i g a t i o n s ] 0 , 2 2 2 Othvr b i l l s d i s c o u n t e d 13,097 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 : 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 Total T J.S. Govt, 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 from f o r e i g n banks Uncollected items Bank premises \ 1 1 other resources TOT11 RESOURCES C. 36,090 28,982 53,567 50,116 17,565 27,391 43,833 507,931 805,824 6,087 61,534 261,368 2,966,790 166,072 8,434 9,077 37,396 106,531 69,968 270,445 3 , 1 3 2 , 8 6 2 4,080 5,291 1,230 2,609 2,847 4,129 79,109 41,628 18,564 22,957 12,223 33,280 17,905 5,805 15,427 598 27,473 50,059 32,576 7,658 4,722 429 3,363 3,776 7,212 945 3.168 12,582 18,978 189,939 175,218 23,319 41,476 60,192 51,135 21,232 28,071 32,635 12,330 4,297 31,560 27,903 11,927 16,617 . 4 0 , 9 9 5 10,301 10,585 10,983 16,282 4,113 59,352 35,185 26,096 13,233 26,505 365,157 301,827 641 2,425 6,590 1,391 12,558 39,669 634 15,543 3,751 1,301 18,683 15,359 1,251 1,436 4,373 238 1,557 -2 20,469 6,723 19,844 2,636 7,455 10,674 7,659 2,122 6,710 3,372 4,707 14,489 5,850 4,395 13,835 385 15,791 22,697 51,327 93,395 153,043 9,656 54,113 19,92s 2.000 35,343 7,060 1,797 47,036 20,765 16,491 27,563 24,130 38,873 302.765 2,500 — 500 - - - 74,451 174,162 33.209 114.431 40,219 46,435 170,666 43,446 31,373 54,838 41,531 96,938 57,215 3,946 195 657 159,121 16,276 1,974 53,144 1,709 334 54,970 2,136 277 29,178 2,864 748 28,832 3,957 820 11,757 2,774 2,034 36,164 4,459 550 23,926 1,752 419 35,820 3,424 1,142 62,750 7,119 1,013 74,889 7,842 2,683 972,249 657 627,766 58,258 12,189 361,920 1 , 4 8 3 , 2 0 ! 338,516 477,900 218,733 272,608 662,015 173,591 137,114 205,151 140,443 411,898 4,883,090 t^SOfJRCSS AND LIABILITIES OF THE FEDERAL BF.SJ5RV3 BAMS ON JASUARY 26, 192*7. ( i n thousands of d o l l a r s ) Boston New York Phila. Clove. Rich. i t l a n t a Chicago St.Louis Minn. Kans.Cy. 'F.R.notes i n actual c i r c u l a t i o n 129,866 395.571 119,353 201,18s 75,208 157,191 216,873 45,905 64,344 68,400 Deposits: Member bank - reserve account 146,469 830,699 133,489 178,497 69,130 69,194 319,403 70,681 49,596 88,592 Government 2,090 4,437 1,120 771 3,794 2,583 6,li4 1,661 1,283 1,363 Foreign bank 378 1,845 484 534 262 206 695 217 151 186 Other d e p o s i t s 1Q4 10,498 192 1,122 94 91 847 407 172 01 Total d e p o s i t s 149,131 847,479 135,285 180,924 73,280 72,074 327,059 81,966 51,202 90,232 Deferred, a v a i l a b i l i t y items 56,170 139,333 49,736 57,168 51,221 28,265 67,113 29,707 10,038 32,775 Capital paid i n 8,800 5,294 36,966 12,584 13,773 6,107 5,016 16,787 3,048 4,195 Surplus 17,606 51 c l 4 21,267 23,746 12,19s 9,632 31,881 9,939 7,527 9,029 \11 other l i a b i l i t i e s 347 2,238 291 1,101 719 430 2,302 780 955 520 TOTiL LIABILITIES 361,920 1,483,201 338,516 477,900 218,733 272,608 662,015 173,591 137,114 205,151 Reserve r a t i o (per cent) 78.0 89.0 77.9 75-4 76.4 82.1 72.8 71.4 75.6 67.2" Contingent l i a b i l i t y on b i l l s purchased for f o r e i g n correspondents 7,090 26,322 9,076 10,021 4,916 3,876 13,047 4,065 2,836 ' 3,498 F.R.notes On hand (notes rue'd from F.R.Agent l o s s notes in c i r c u l a t i o n ) 3 9 , 3 3 6 120,441 48,621 28,964 20,962 28,805 50,916 4,992 5,979 15,425 Flu 1ER\L EESERV3 "TOT- ACCOUNTS OF FEJERXL EESERVE AGENTS F. R. notes r e e ' d from Comptroller 257,402 804,092 201,474 284,092 121,624 248,956 435,589 71,597 89,875 112,135 F R. notes held by w. R„ \gent 88,200 288,080 3LL500 53,940 25,454 62,960 167.800 20.700 19.552 28.^10 F.R. notes i s s u e d to F.R.Bank 169,202 516,012 167,974 230,152 96,170 185,990 267,789 50,897 70,323 83,825 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 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 35,300 183,064 8,780 28,805 15,397 7,450 13,507 Gold redemption fund 11,215 22,994 12,097 11,319 5,196 6,677 2,715 3,152 1,182 4,938 Gold fund - 7. R. Board 84,000 221,000 101,877 145,000 33,000 121,000 175,000 21,300 46,000 55 S6o E l i g i b l e paper 64,795 110,472 58,803 73.078 32.254 44.389 123.385 22.554 l 4 . 6 l 6 ?7 107 Total c o l l a t e r a l 195,310 538,130 172,777 243,177 99,255 187,463,301,100 54,456 75,305 87,995 MATURITY DISTRIBUTION^ BILLS AND CERTIFICATES OF INDEBTEDNESS St. 5246c LIA.BILITI B i l l s discounted B i l l s bought i n open market C e r t i f i c a t e s of indebtedness Within 15 days l 6 to 30 days 31 to 60 days 6l to 90 days 266,o42 123,999 25,299 72,313 41,069 81,778 22,479 17,618 ^1 days to 6 months 8,470 6,119 107,997 Dallas San Fran. Total 43,459 171,127 1 , 6 8 8 , 4 8 5 57,223 169,780 2,191,753 1,001 2,782 28,999 17b 353 5,487 5,321 19.072 58,443 178,236 2,245,311 25,598 37,416 584,540 4,306 8,647 125,523 8,215 16,121 228,775 422 10.456 25L I4O,443 411,898 4,883,090 68.7 77.4 79.6 3,309 6,618 94,674 7,947 51,295 423,683 69,153 271,922 2,967,911 12,J47 49.500 8^.741 51,4O6 222,422 2 , 1 1 2 , l b 8 18,343 10,000 321,246 3,928 16,985 102,401 13,000 160,430 1,177,467 17.336 57.8% 651.717 52,b07 245,256 2,252,831 Over 6 months 1,189 50,046 Total 365,157 301,827 158,043
@FedFRASER