The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PEESS st. 5U26 Released f o r p u b l i c a t i o n Friday morning, J u l y 1; not e a r l i e r . Federal Reserve Board, June 30, 1927. CONDITION OF FEDERAL RESERVE BANKS The consolidated statement of condition of the Federal reserve hanks on June 29, made public by t h e Federal Reserve Board, shows i n c r e a s e s f o r the week qf $78,600,000 i n t o t a l b i l l s and s e c u r i t i e s , of $34,500,000 i n member bank r e serve d e p o s i t s , of $13,300,000 i n Federal reserve note c i r c u l a t i o n , and of $12,500,000 i n amounts due from f o r e i g n banks, and d e c l i n e s of $9,900,000 i n cash r e s e r v e s and of $l4,600,000 i n gold held abroad. Holdings of discounted b i l l s i n c r e a s e d $38,600,000, of acceptances purchased i n the open market $32,900,000, and of Government s e c u r i t i e s $7,100,000. Discount holdings of the Boston bank increased $22,000,000 during the week, Of the Cleveland bank $12,500,000, of P hi l a de l phi a $11,200,000, of New York $£,100,000, and of St. Louis $7,200,000. The San Francisco bank reported a decline of $8,300,000 i n discount holdings, Kansas City a decline of $4,600,000, and Chicago of $3,500,000. The New York bank a l s o r e p o r t s an increase f o r the week of $26,000,000 i n open-market acceptance holdings, ^he System's holdings of United S t a t e s bonds were $6,200,000 and of Treasury notes and c e r t i f i c a t e s $900,000 above the preceding week's t o t a l s . The p r i n c i p a l changes i n Federal reserve note c i r c u l a t i o n during the week include i n c r e a s e s of $6,600,000 at P h i l a d e l p h i a , $3,600,000 a t Chicago and $3,400,000 a t Cleveland. 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 June 29, 1927. 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 . . . . . . . . . . . - during $9,900,000 7.800,000 Total b i l l s and s e c u r i t i e s + 78,600,000 B i l l s discounted, t o t a l 38,600,000 Secured by U.S.Govt, o b l i g a t i o n s . . . + 39.^00,000 Other b i l l s discounted 1,000,000 + $204,200,000 + 185,600,000 - 87,300,000 + 21,700,000 - - 37.700,000 59,400,000 - 33,300,000 7»100,000 6,200,000 800,000 100,000 + - 84,200,000 148,200,000 Federal reserve notes i n c i r c u l a t i o n . . . + 13,300,000 + 5,400,000 Total d e p o s i t s Members' reserve deposits Government d e p o s i t s + 139.100,000 + 112,700,000 + 16,200,000- B i l l s bought i n open market + 32,900,000 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 + + 34.200,000! . . . . . . . + 34,500,000 , . + 100,000 c. JL + 8,900,000 55,100,000 •Released f o r p u b l i c a t i o n Friday morning, J u l y 1, 1927; not e a r l i e r . St. 5426a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED . ( i n thousands of d o l l a r s ) RESOURCES Gold with Federal reserve agents Gpld 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.notes Gold settlement fund with F. R. Board . . Gpld and gold c e r t i f i c a t e s held by t a n k s . Total gold r e s e r v e s Reserves other than gold . Total r e s e r v e s . . Uqn-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 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 Gold held abroad . . . Due from f o r e i g n banks Uncollected items . . . Bank premises All other resources . . June 29.1927 June 22.1927 June 30,1926 1,591,906 42,935 1,619,569 43,61s 1,462,159 1,634,839 1,663,187 1,518,436 610,477 591,047 774,027 656,073 3,028,261 165,466 2,834,928 144,711 56,109 3,193,727 59,844 2,979,639 48,522 274,581 202,730 234,997 203,687 *262,102 477,311 438,684 515,031 216.118 183,217 249,394 166.119 83,985 126,297 159,9^4 83,186 126,211 232,195 71,193, 376,401 369,341 385,27^ 1,300 1,300 3,200 5,502 1,071,130 992,5^2 1,158,406 25,734 40,333 775,19% 3,020,510 163,299 3,183,809 56,277 66o,4i9 *252,929 81,893 26,610 623,523 14,118 &83.052 645 641,109 59,749 16,288 5,060,267 5,056,476 4,904,358 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 - reserve account . ; Government Foreign bank Other d e p o s i t s 1,702,693 1,689,347 1,697,279 2,341,519 2,307,056 26,831 2,228,839 Total d e p o s i t s 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 . . . 2,398,952 584,827 TOTAL RESOURCES L I A B I L I T I E S TOTAL LIABILITIES 26,887 5,381 25,165 5,163 25,728 228,775 15,596 2,364,778 629,142 129,375 228,775 15,059 5,060,267 5,056,476 129,424 10,713 4,756 15,52s 2,259,836 589,333 122,770 220,310 14,830 4,904,358 Ratio of t o t a l r e s e r v e s to deposit and F. R. note l i a b i l i t i e s combined . . . 77.6$ 78 . 8 $ 75.3# 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 146,211 146,954 54,459 •Revised f i g u r e s . RE S O U R - C E S RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAHKS ON JIBE 29, 1927. ( I n thousands of d o l l a r s ) Total Boston Hew York P h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis Sold w i t h Federal Reserve Agents 1,591,906 121,3l4 Sold redemption fund with U.S.Treas. 42,933 9,847 386,821 114,779 197,405 8,003 6,118 2,939 52,253 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. notes 1,634,839 131,161 Gold settlement fund With F.R.Board 610,477 36,985 Gold and gold c e r t i f . h e l d by hanks 775,194 34,387 394,824 120,897 200,344 271,456 34,988 37,812 514,099 26,402 62,339 53,472 300,495 86,618 8,422 Total gold r e s e r v e s Reserves other t h a n gold Total r e s e r v e s " o n - r e serve cashB i l l s discounted: Secured "oy U.S.Govt, 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 3,020,510 202,533 1,180,379 182,287 163,299 18,008 34,691 5,765 220,541 1,215,070 188,052 310,982 12,618 1,102 4,204 56,109 5,531 3,183,809 w • rr 10,454 1.745 56,221 1.601 51,463 2.869 26,897 148,946 246,490 28,066 7,092 91,687 5,080 3,809 55.511 12,199 54,332 28,860 8.480 27,828 186,524 7,199 17.574 57,822 12,079 7.434 13,240 9.353 41,013 30.726 159,847 393,688 14,728 24,183 36,972 18,940 77,335 4,425 91.672 6,127 50,421 7,84l 258,263 95,o4o 174,575 417,871 55,912 81,760 97,799 58,262 267,945 2,398 2,943 5,64o 5,058 9,212 3,844 1,086 2,473 All 183,501 3.023 9,682 39,278 18,530 34,134 7,726 14,395 3,921 27,996 45,832 26,412 18,024 15,346 781 3,493 10,550 3,802 2,116 11,895 27,554 49,965 216,118 16,920 103,106 57,808 43,924 19,862 22,121 31,917 72,244 33,370 4,274 13,215 5,918 39,449 9,379 10,183 30,612 11,898 7,494 10,146 10,039 17,175 5,652 18,079 5,620 16,891 15.490 9.652 5,077 1,541 3.958 26,762 1,000 44,622 10,576 202,730 477,311 * 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 146,799 243,999 2.14? 2.491 1.219 80,761 22,345 126,297 TOTAL RESOURCES Minn. Kans.Cy. Dallas San Fran. 27,448 22,517 274,581 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 Total b i l l s and s e c u r i t i e s Gold h e l d abroad 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 10,487 St. 5426b 166,119 58 , 262 l 4 , l 4 s 6,350 2,194 5.741 30,322 12,092 27.149 376,401 1,300 14,285 69,563 1,071,130 81,170 2,112 1,826 62,634 3,946 35 83,985 25,734 26,610 623,523 59,135 14.217 5,060,267 — - 230,931 5,369 9,008 162,337 16,276 4,050 377,795 1,655,659 9,790 — - 99,71S 1Q8v,408 > 2 , 0 7 6 2,704 2,986 1,465 1,266 2,581 2,337 56,907 60,387 51,407 7,118 1,738 2,336 202 1,098 299 2,665 2,950 35,692 876 5.850 8,724 6,553 i4T5i4 10,193 9,772 9.868 4,991 4,567 16,117 4,479 5,945 14,717 4,232 7,702 14,694 IP,861 9,676 300 56,759 29,833 18,282 29,541 26,701 39,801 - - - - - - 1,047 27,353 3,957 943 30,050 845 52,902 1,042 42,653 986 12,043 35,787 4,459 20,414 1,827 552 352,760 497,764 199,529 261,862 677,914 169,368 131,533 52,076 159,615 3,887 1,155 3,360 998 23,493 74,181 2,900 8,297 1.491 1.607 75,101 1,211 730 2,774 2.245 901 12,246 852 96,425 1,972 1,704 36,580 3,507 1,023 672 196,035 127,9^9 412,099 t 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 - reserve account f 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 Capital paid in Surplus All other l i a b i l i t i e s Total Boston 1,702,693 139.369 2,341,519 149,591 26,857 674 5,321 337 F.R.notes i s s u e d to 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 F.R. n o t e s " 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 s discounted B i ^ l s bought i n open market . C for e r FRASER t i f i c a t e s of.. 1 ndebtedneas Digitized Hew York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans. Cy , Dallas San Fran402,226 129,399 213,535 60,374 157,544 229,417 40,456 58,883 62,06l 34,194 174,735 920,388 134,104 184,324 68,223 5,473 1,355 1,490 1,870 129,424 228,775 431 9.1^ 38,928 13,033 11,040 39,786 14,131 15,603 23,332 120,590 6 i , 6 i 4 21,267 17,606 60s 669 3,931 15,596 5,060,267 377,795 1,655.659 352,760 86.3 10.1 77*6 76.0 2,935,967 243,401 859,585 80,700 2,076,382 162,701 99,231 2,239,086 Total 477,311 216,118 126,297 2,446 184 92 81,849 47,800 86,682 56,473 167,823 20,314 6,330 4,4i6 5,446 5,152 10,304 34,480 22,863 14,615 30,777 53,369 3,372 4,780 9,879 6,442 49,190 7,654 6,035 F5DEEAL RESERVE 1?0TE ACCOUNTS OF FEDERAL RESERVE AGEHTS 814,896 198,879 271,73s 98,213 266,021 451,786 66,068 85,567 111,080 59,993 268,325 292,080 34,500 35,340 23.224 77,700 169,000 22.240 21,904 39,140 19.357 44,400 522,816 164,379 236,398 74,989 188,321 282,786 43,828 63,663 71,940 40,636 223,925 18,228 40,000 9,190 12,267 36,468 17,017 3,603 3,669 17,963 1,264 954 12,014 4,785 4,982 1,999 47,860 5,000 125,53s 43,000 74,000 150,000 102,077 175,000 11,000 124,800 242,000 PP.Q04 15.565 55.812 11.410 66.885 1 4 3 , 4 i l 54,116 6i,??? pz,654 41.546 100,970 44.685 188,199 530,232 168,895 258,627 80,907 188,345 344,969 55,139 67,631 74,367 42,462 239,313 MATURITY DISTRIBUTION OF BILLS AMD CERTIFICATES OF INDEBTEDNESS 91 days to Over 6 months Within 15 days l 6 to 30 days 31 to 60 days 6l t o 90 days 6 months 256 18,916 23,502 36,849 24,913 372,875 6,298 22,064 46,176 91,041 50,539 94,935 190 31,172 392,400 35,300 1,100,275 647.180 64,725 319,537 1,384 3,395 673 4,508 1,889 1,730 157 314 l66 135 620 193 476 234 l6S 95 3,785 120 1,261 324 869 95 187,159 70,422 67,447 325,926 84,255 49,785 87,689 58,109 175,317 57,842 49,547 21,419 70,680 28,253 11,308 32,256 22,522 35,924 9,16s 4,246 4,212 5,271 3,005 Q ),204 5,103 17,245 13,864 16,121 ,029 7,527 31,881 9,939 23,746 12,198 9,632 §63 834 788 2,765 1,194 1,025 717 784 1,618 497,764 199,529 261,862 677,914 169,368 131,533 196,035 127,949 412,099 63.1 76.5 65.3 75-2 77.6 72.7 77.6 75.2 44.8 2,134 l4i 25,165 92 18,123 2,398,952 150,694 1,006,118 136,031 584,827 60,312 142,842 51,922 TOTAL LIABILITIES Reserve r a t i o (per cent) Contingent l i a b i l i t y on "bills p u r chased f o r f o r e i g n correspondents 146,211 F.R.notes on hand (notes r e c ' d from F.R.Agent l e s s notes i n c i r c u l a t i o n ) 373,689 F.R.notes r e c ' d from Comptroller F.R.notes h e l d by F. R. Agent St. 542oc BE SOURCES MB, LIABILITIES OF THE FEDERAL RESERVE BAMS OH JUH3 29, 19 2? • ( I n thousands of d o l l a r s ) 215,150 8,780 21,671 12,702 13,625
@FedFRASER