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STATRME# FOR THE PRESS Released f o r p u b l i c a t i o n Friday morning, Jan. 29; not e a r l i e r . St. 4520 Federal Reserve Board, January 28, 1926. CONDITIO,? OF FEDERAL RESERVE BANKS The consolidated statement of c o n d i t i o n of the Federal, reserve banks on •January 27, made p u b l i c by the Federal Reserve Board, shows d e c l i n e s of J20,000,000 i n b i l l s and s e c u r i t i e s , of $24,800,00^ i n Federal reserve note c i r c u l a t i o n , and of $13,600,000 in cash re s e r v e s . Holdings of discounted b i l l s went down $4, 600,000, of' acceptances purchased in open "market- $10,400,000, and of United States Government s e c u r i t i e s $4,900,300. Discount holdings of the Federal reserve banks of Cleveland and New York declined $14,200,000 and $13,100,000, r e s p e c t i v e l y , and of S t . Louis $3,300,000, while those of the Chicago bank increased $22,000,000. The remaining banks show r e l a t i v e l y smaller changes i n discount holdings f o r the week. The Atlanta bank reports a furtner d e c l i n e of $7,000,000 i n open-market acceptance holdings, St. Louis shows a reduction of $3,100,000, and Dallas a r e duction of $2,400,000, while acceptance holdings of the Federal Reserve Bank of New York increased $ 4 , 7 0 0 , 0 0 0 . Holdings of a l l c l a s s e s of United S t a t e s secur i t i e s declined during the week - Treasury c e r t i f i c a t e s by $3,100,000, United States bonds by $1,100,0JO, and Treasury notes by $700,000. All 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 with the exception of P h i l a d e l p h i a , which shows an increase of $1,000,000. Ihe p r i n c i p a l decreases were: Boston $5,500,000, San Francisco $4,600,000, Chicago $3,500,000 and New York $3,300,000. 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 27, 1926, f o l l o w s : Increase or decrease Weak Total r e s e r v e s , Gold reserves 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, Other b i l l s discounted . . . . . . . . . . . . . , obligations . . Year - $13,600,000 - 13,600,000 - $129,300,000 - 138,200,000 - + 130,100,000 + 20,000,000 4,600,000 6,400,000 + + 174,900,000 93,400,000 12,400,000 - 11,000,000 + B i l l s bought i n open market - 10,400,000 - 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 . . . . - 4,900,000 - - .Federal reserve notes i n c i r c u l a t i o n . . - Total deposits . Members * reserve d e p o s i t s Government d e p o s i t s . . , c. during - 1,100,000 81,500,000 29,000,000 700,000 3,100,000 - 16,400,000 + 84,200,000 24,800,000 - 17,000,000 - 26,100,000 - 25,800,000 + 1,300,000 + + 7,000,000 45,200,000 23,200,000 - 96,800,000 Released f o r p u b l i c a t i o n Friday morning, January 29, 1926; not e a r l i e r . St.4820a RESOURCES AND LIABILITIES OF THE TWELVE FEPERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) Jan. 27, 1926 Jan. 20. 1926 Jan. 28.1925 R E S O U R C E S Sold with Federal reserve agents Gold redemption fund with U.S. Treasury . 1,511,514 49,604 1.517.010 49 1 159 1,730,679 53» 660 Gold held e x c l u s i v e l y against F.A. notes 1,561,118 1,566,169 1,784,339 Gold settlement fund w i t h F. R. Board . . Gold and gold c e r t i f i c a t e s held by banks . 578,327 66l,709 573,852 6?4,Jb2 59.0,815 56^,232 Total gold reserves Reserves other than gold . . . . . . . . . 2,80^,154 152^053 2,814,783 152,0b9 2,939,386 143,l60 Total reserves . . . . . . . . . . . 2,953*20? 2,966,852 3,082,546 81,250 83,920 74,371 258,227 19^,33^ 251,872 201,310 lb4,S92 108,800 448,557 453,182 273,692 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 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 indebtedness 295,417 305,850 307,767 59,733 182,873 122,457 60,801 183>595 125,570 76,174 279>665 38,225 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 . . . 365,063 3,150 6,500 369,966 3,150 6,500 394,064 2,559 10,500 1,118,687 1,138,648 988,582 642 635,749 59,323 o42 719,719 ^,308 642 572,000 ->7,939 17,071 lb,507 _i_—2. 4,865,929 4,985,596 4,800,269 1,667,206 l,b92,021 1,684,311 2,216,882 2,242,730 J J 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 L I A B I L I T I E S F. R. notes in actual c i r c u l a t i o n . . . . Member bank - reserve account = Total d e p o s i t s Deferred a v a i l a b i l i t y items til otoer U t i l i t i e s : : : : : : : : : : TOTAL LIABILITIES | | 2,272,236 2,298,315 576,3^5 ^44,929 » K U,"S1 4,865,929 J | 2,265,216 11,810 10,323 4,985,596 4,800,269 . j . * u7,i7u r ? . . ^ C. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JANUARY 27, 1926. ( i n thousands of d o l l a r s ) RESOURCES Boston s s r 4 = - ; r : ; , - s g - s s j New York " r m Phila. t s Cleve. Rich. - 'i-a a Atlanta Chicago St.Louis St. 4g2Qb Minn. Kans.Cy. Dallas San Fran. Total Gold held e x c l u s i v e l y against F. R. n o t e s 91,292 Gold settlement fund with F.R.Board 30,605 Gold and gold c e r t i f i c a t e s 42,4^4 447,833 145,087 192,335 192,512 35,448 64,659 375,358 30,765 49,322 69,559 115,975 135,156 20,793 25,168 111,143 3.6l9 3.663 82.646 15,842 14,70$ 15.968 66,387 18,013 7.162 53,888 29,188 4.989 25,409 202,355 1,561,118 13,327 22,762 578 327 q.255 36^08 66ll70q 164,351 1 , 0 1 5 , 7 0 3 211,300 306,316 19,117 39,224 3,343 8,637 93,971 144,806 328,945 9,544 9,942 23,371 46,519 17.572 91,762 2,739 88,065 5,245 47,991 261,425 2,801,154 6,215 7,104 152.053 Total r e s e r v e s 183,468 1 , 0 5 4 , 9 2 7 214,643 314,953 103,515 154,748 352,316 Non-reserve cash 9,209 27,598 1,946 4,007 6,607 4,654 11,533 B i l l s discounted: Secured by U.S.Govt, o b l i g a t i o n s 15,753 8 5 , 9 7 6 29,683 26,286 12,499 4 , 6 7 s 50,812 Ot&sr b i l l s discounted 13,495 1 9 , 8 2 0 16,502 17,594 23,272 20,819 " 64,091 4,469 94,501 1,175 93,310 2,691 54,206 268,529 2,953,207 3,415 3,946 81,250 7,683 1,011 6,742 1,039 ' 16,065 258 227 Total b 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 : Bonds Treasury notes C e r t i f i c a t e s of indebtedness 29,248 82,789 105,796 26,485 46,185 15,228 43,880 12,171 35,771 6,434 25,497 42,084 83,103 28,669 16,862 19,819 3,936 6,797 16,403 13,183 7,463 17,532 34,413 24,226 448,557 295,417 572 1,815 9,420 1,934 39 , 633 11,182 604 4,016 19,028 8,103 19,690 8,194 1,240 3,5U 3,902 Total U.S. Gov't, 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 11,807 481 52,749 1,755 23,648 3,050 6O5 35,987 696 5,653 344 963 9,798 6,903 17,664 20,190 18,170 13,555 51,915 2,025 14,715 8,074 24,814 7,665 7,093 4,112 18,870 266 89 7 299 214 8,387 18,415 10,325 37,127 100 260 7,579 17,256 7,551 32,386 228 471 28,761 20,211 49,443 455 59,733 182,873 122,457 365,063 3,150 6^00 124,325 56,62s 4,068 94 186,785 542 145,319 16,666 4,384 $8,716 56,357 1,454 £03 92,734 51,202 85,511 164,584 61,794 29,817 67,073 59,718 7,409 1,129 56,870 2,365 386 42,047 2,728 1,263 35,157 4,111 713 11,279 2,943 2,407 36,611 4,636 447 57,609 108,537 1,118,687 _ _ 2 5 , 3 0 0 35,707 635,749 1,793 3,217 59,323 469 3,393 17,071 Total sold r e s e r v e s Reserves other than geld 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 Baiik premises All otner resources total RESOURCES C. 74,756 7,933 2,183 377,792 1 , 4 3 6 , 3 2 1 363,319 479,950 220,945 290,951 613,305 170,335 142,122 204,768 142,792 423,329 4,865,929 RESOURCES L I A B I L I T I E S F. R. notes in 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 in Surplus All other l i a b i l i t i e s LIABILITIES OF THE' FEDERAL RESERVE BARKS OK JANUARY 2 7 , 1 9 2 b . St. 4820C ( i n thousands of d o l l a r s ) Boston New York Phila. • Cleve^ Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. Total 151,213 360,393 143,938 205,463 8 0 , 4 6 3 1 5 9 , 4 8 4 1 6 5 , 9 4 0 3 7 , 3 0 4 65,327 6 7 , 0 1 8 AMD 140,997 • 3,843 585 132 339,630 134,360 179,900 4,540 1,390 1,936 3,205 732 824 8,447 149 741 65,043 3,842 408 77 78,420 328,849 4,940 2,354 3O8 1,055 50 887 82,683 1,562 331 972 52,950 1,512 246 179 88, 6 5 6 1,577 300 265 60,970 164,369 2,216,882 982 457 28,935 270 532 8,796 34 5,690 17,623 145,557 54,781 8,627 17,020 594 855,872 136,631 183,401 124,692 50,335 53,986 33,215 1 1 , 6 2 3 13,173 59,964 20,464 22,894 2,185 328 1,028 69,370 52,454 83,718 333,145 33,838 6 5 , 7 5 6 4,768 15,873 8,700 30,613 443 1,978 85,553 32,118 5,127 9,570 663 54,887 10,320 3,180 7,501 907 90,798 33,171 4,250 8,979 552 62,256 171,048 2,272,236 27,110 37,824 576,335 4,274 8,120 118,251 7,615 15,071 220,310 1,634 11,481 . 451 6,021 11,919 718 377,792 1,436,321 363,319 479,950 220,945 290,951 613,305 170,335 142,122 TOTAt LIABILITIES 78.6 86.7 76.5 63.6 70.6 552.2 2.2 81.0 6 9 . 1I Reserve r a t i o (per cent) 61.8 Contingent l i a b i l i t y on b i l l s pur3,598 2,678 22,898 7,949 2,953 4,435 3,347 11,464 chased for f o r e i g n correspondents 6,359 F.R.notes on hand (notes rec'd from 6,909 2,886 F.R. /urent l e s s , n o t e s i n c i r c u l a t i o n ) 19,167 158,900 43,295 16,137 20,564 19,808 22,452 FEDERAL RESERVE FOT'E ACCOUNTS OF FEDERAL RESERVE AGENTS 745,653 214,47 3 280,075 1 2c,422 224,705 424,929 68 , 29 3 8 7,24b 238,980 F.R.notes rec'd from Comptroller 2 2 6 , 3 6 0 2 7 , 2 4 0 6 4 , 4 7 0 25,395 4 5 , 4 7 3 23b,537 2 4 , 0 8 0 19,033 68,bOO F.R.notes held by F. R. Agent 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; 0-cld and gold c e r t i f i c a t e s Geld 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 s discounted B i l l s bought in open market C e r t i f i c a t e s of indebtedness C.for FRASER Digitized 170,350 5 1 9 , 2 9 3 187,233 2 a , 0 O 5 101,027 179,292 188,392 44,213 68,213 204,768 142,792 423,329 4,865,929 59.1 52.5 74.5 • 75.0 3,263 7,483 2,929 6,487 5,774 57,369 83,647 381,457 118,731 62,685 3 0 0 , 5 0 1 2,898,753 44,230 15,112 53,500 850,030 74,501 47,573 247,001 2,048,723 11,045 1 3 , 0 5 2 17,226 309,121 186,698 1,600 3 , 7 6 0 24,510 10,910 1,308 1,773 ' 4 , 6 5 4 3 , 2 6 0 ' 1 3 , 1 8 7 95,969 b, 66b 2,024 27,052 9,056 1 2 , 0 4 3 3,973 2,200 50,000 47,360 3 , 0 0 0 186,310 1,106,404 22c, CX 126,389 17C,0C0 4 0 , 5 0 0 9 5 , 0 0 0 1 2 5 , 6 4 5 3 6 , 6 3 3 1 0 , 4 4 2 29,502 24,835 53,5H 692,357 3 9 , 7 2 2 6 7 , 4 4 7 1 1 1 , 6 3 6 S3.573 52,787 55,212 533,323 189,632 246,035 106,756 180,023 2 4 1 , 2 5 4 5 1 , 1 8 6 7 5 , 2 6 7 81,516 45,371 258,008 2,203,901 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 61 to 90 days 91 days to Over 6 months Total Within 15 days l b to days 31 to 60 days d months 448,557 31,428 48,595 26,772 8,725 728 332,309 295,417 55,640 90,439 52,939 9,459 86,940 10,476 122,457 111,981 35,300 10,993 34,000 112,037 192,330
@FedFRASER