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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Friday morning, J u l y 29; not e a r l i e r . St. $454 Federal Reserve Board, J u l y 28, 1927CONDITIO!! OF FEDERAL RESERVE B f f i S The c o n s o l i d a t e d statement of condition of the Federal r e s e r v e t a n k s on July 27, made p u b l i c by t h e Federal Reserve Board, shows decreases f o r the week of $21,900,000 i n b i l l and s e c u r i t y h o l d i n g s , of $13,600,000 i n member bank r e serve d e p o s i t s , and of $14,700,000 i n Federal reserve note c i r c u l a t i o n , and an i n c r e a s e of $9,800,000 i n cash r e s e r v e s . Holdings cf discounted b i l l s declined $5,200,000 and of acceptances purchased i n open market $16,000,000* The Federal Reserve Banks of St. Louis and Boston show d e c l i n e s of $5,800,000 each i n d i s c o u n t s f o r the week, while the ITew York bank r e p o r t s an i n crease of $5,400,000. Open-market acceptance holdings d e c l i n e d $3,700,000 a t the Hew York bank and $2,500,000 each at the San Francisco and Boston banks. The System's h o l d i n g s of United S t a t e s bonds were $1,400,000 below and of Treasury C e r t i f i c a t e s $600,000 above the preceding week's t o t a l s . All but two of the Federal r e s e r v e banks r e p o r t a smaller volume of Federal Reserve n o t e s i n c i r c u l a t i o n than a week ago, the p r i n c i p a l decreases b e i n g : Chicago $4,700,000, New York $4,300,000, and San Francisco $4,200,000. 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 t h e week and the year ending J u l y 27, 1927, f o l l o w s : Increase or decrease during Week Year Total r e s e r v e s Gold r e s e r v e s + $9,800,000 + 11,800,000 + $181,600,000 + 172,600,000 Total b i l l s and s e c u r i t i e s B i l l s discounted, t o t a l Secured by U.S.Govt, o b l i g a t i o n s . . Other b i l l s discounted - 21,900,000 - 5,200,000 + 4,200,000 - 9,400,000 - 152,500,000 123,300,000 44,600,000 78,700,000 B i l l s bought i n open market - 16,000,000 - 41,800,000 U.S. Government s e c u r i t i e s , t o t a l . . Bonds . Treasury n o t e s C e r t i f i c a t e s of indebtedness . . . . - 800,000 1,400,000 + 600,000 + 15,800,000 + 97,800,000 - 149,000,000 + 57,000,000 Federal r e s e r v e n o t e s i n c i r c u l a t i o n . . - 14,700,000 9,600,000 Total d e p o s i t s . . . . . . . . . . . . . Members' r e s e r v e d e p o s i t s Government d e p o s i t s - l6,100,000 - 18,600,000 + 2,500,000 C. + + - 69,000,000 76,900,000 14,400,000 He leased f o r p u b l i c a t i o n Friday morning, July 29, 1927; not e a r l i e r . St. 5454a RESOURCES AND LIABILITIES /' OF THE TWELVE FEDERAL RESERVE BATIKS COMBINED ( i n thousands of d o l l a r s ) July 27,1927 July 20.1927 July 28.1926 RESOURCES Gold with Federal reserve agents G$ld redemption fund with U. S. Treasury Gold held e x c l u s i v e l y against F.R.notes Gold settlement fund with F. R. Board . . Gqld and gold c e r t i f i c a t e s held by hanks . Total s o l d r e s e r v e s Reserves other than gold 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 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 h e l d abroad . . Dae from f o r e i g n banks . . . . . Bank premises All other resources TOTAL RESOURCES . l,664,o6s 40,868 1,436,384 49,683 1,704,936 549,380 757,363 3,011,679 159,290 1,486,067 684,278 680,576 2,850,921 148,289 3,170,969 63,333 2,999,210 55,586 220,671 177,459 398,130 169,385 216,443 186,879 265,239 256,151 403,322 185,379 521,390 211,173 180,784 80,332 123,900 385,016 1,300 182,181 80,310 123,27s 385,769 1,300 83,009 229,360 56,870 369,239 3,200 1,300 1,106,302 1,652,604 ' 47,396 1,700,000 567,132 756,356 3,023,488 157,322 3,180,810 61,072 - - 953,831 48,719 601,252 59,313 14,923 975,770 2,682 48,718 694,843 59,296 14,6ll 4,919,920 5,030,222 4,863,108 1,661,729 1,676,411 1,671,336 2,282,028 18,352 5,142 24,496 2,300,585 15,855 .4,701 25,137 2,346,278 636,487 129,795 228,775 12,476 5,030,222 2,205,126 32,795 5,95% 17,151 2,261,026 570,800 122,655 220,310 16,981 4,863,108 — - 729 624,200 59,821 17,260 L I A B I L I T I E S F. 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 . . . . . . 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 . . . TOTAL LIABILITIES . . . . 2,330,018 557,209 129,807 228,775 12,382 4,919,920 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 . . . 79-7# 78.8# 76.3$ 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 151,749 151,583 53,749 C.FRASER Digitized for RESOURCES RESOURCES AHD LIABILITIES OF THE FEDERAL RESERVE BANKS OH JULY 27, 1927. ( I n thousands of d o l l a r s ) St. 5454b Total Boston Hew York F h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal Reserve Agents 1,652,6o4 136,784 411,454 119,251 201,850 47,747 137,671 263,865 13,724 58,869 58,109 25,495 177,785 Gold redemption fund with U.S.Treas. 47,396 6.242 7,175 13.326 4.197 1.574 2.275 3.966 1.587 1.204 1.A13 1.180 2.737 Gold h e l d e x c l u s i v e l y against F. R. notes 1,700,000 143,026 418,629 132,577 206,047 49,321 139,946 267,831 15,311 60,073 60,042 26,675 180,522 Gold settlement fund with F.R.Board 49,446 202,316 • 33,482 54,417 28,773 567,132 4,330 100,782 19,738 7,761 26,132 9,003 30,952 Gold and gold c e r t i f . field by banks 8.467 8,941 490,088 29,014 63,443 4,198 56,905 15,990 5,131 756,356 32,799 9,571 3i,sc&. Total sauLd r e s e r v e s Reserves other than gold Total r e s e r v e s Hon-reserve cash B i l l s discounted: Secured by U.S.Govt, o b l i g a t i o n s Other b i l l s discounted 3,023,488 225,271 1,111,033 195,073 323,907 6,434 32,854 157,322 15,471 9,779 83,225 148,474 425,518 7,854 15,247 24,636 51,039 17,431 76,301 4,245 95,115 6,035 45,249 243,283 8,009 9,327 3,180,810 240,742 1,143,887 201,507 333,686 6,466 61,072 3,24i 14,751 1,159 91,079 163,721 450,154 68,470 80,546 101,150 53,258 252,610 5,8l6 5,039 9,383 3.911 1,557 3,167 2,512 4,070 220,671 177,459 16,771 9,092 67,229 25,305 28,974 13,924 23,937 6,225 5,163 13,819 4,834 31,027 30,752 21,605 l4,4ll 12,456 1,27s 4,170 2,842 8.692 2,207 6,530 22,273 24,6I4 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 398,130 169,385 25,863 13,785 92,534 30,337 42,898 12,846 30,162 16,536 18,982 10,442 35,861 10,049 52,357 27,570 26,867 8,229 5,448 5,684 11,534 7.889 8,737 9,076 46,887 16,942 180,784 80,332 123,900 6,302 3,343 5,825 24,440 15,973 25,711 9,116 6,687 12,183 25,947 10,094 9,702 7,045 3,6lO 6,i4o 3,002 l,46o 5,921 33,096 8,643 14,582 9,894 6,809 9,863 8,519 5,665 4,568 17.653 5.609 8,919 15,397 4,870 7,666 20,373 7,569 12.820 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 385,016 1,300 15,470 66,124 27,986 1,000 45,743 16,795 26,566 18,752 32,181 27,933 40,762 - - 10,383 300 56,321 - Total b i l l s and s e c u r i t i e s 953,831 55,118 188,995 84,730 92,441 46,219 56,593 136,248, , 61,662 29,884 51,604 45,746 104,591 48,719 601,252 59,313 14,923 3,640 57,617 3,946 338 13,628 152,222 16,276 4,679 4,659 52,487 1,749 299 5,145 60,398 7,119 1,303 2,524 48,788 2,366 310 1,990 20,561 2,900 1,571 2,087 26,889 3,957 874 1,456 11,194 2,774 1,746 1,796 37,467 4,464 678 1,699 20,464 1,827 583 Dae from f o r e i g n banks Uncollected items Bank premises All other resources TOTAL RESOURCES C - - 6,698 76,785 8,420 1,450 - - - - - 3,397 36,380 3,515 1,092 4,919,920 367,867 1,534,438 346,590 503,333 197,102 252,375 689,138 167,850 129,157 200,326 126,089 405,655 L I A B I L I T I E S RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BAMS ON JULY .27, 1927 St. 5454c . (In thousands of d o l l a r s ) Total Boston New York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 1,661,729 136,894 376,676 128,491 213,094 57,739 152,450 230,709 38,961 58,754 63,361 34,931 169,619 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 2,282,028 Government 18,352 Foreign bank 5,142 Other d e p o s i t s 24,49b Total d e p o s i t s 2,330,018 Deferred a v a i l a b i l i t y items 557,209 Capital paid i n 129,807 Surplus 228,775 All other l i a b i l i t i e s 12,382 TOTAL LIABILITIES 4,919,920 „Reserve r a t i o (per c e n t ) 79.7 Contingent l i a b i l i t y 01} b i l l s p u r chased f o r f o r e i g n correspondents 151,749 F.R.notes on hand ( n o t e s r e c ' d from F.R.Agent l e s s notes i n circulation)395,073 F.R.notes r e c ' d from Comptroller 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: Gold and gold c e r t i f i c a t e s Gold redemption f u n d 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 i n open market C e r t i f i c a t e s of indebtedness 147,031 749 4o4 48 143,232 55,333 9 >26 17,606 376 367,867 84.4 11,409 25,277 2,932,487 246,671 875,685 84,500 2,056,802 162,171 902,581 132,340 191,240 71,552 63,518 333,424 82,755 47,121 86,894 2,003 1,517 952 1,907 273 2,617 1,277 1,053 2,670 280 221 743 231 l6l 1,251 517 570 199 17,668 35 922 103 81 948 129 12& 103 923,503 134,409 193,684 73,842 64,093 337,732 84,592 te,46i 89,866 131,164 49,038 57,581 46,425 20,412 69,O4I 27,953 10,465 33,170 38,946 13,033 13,912 6,200 5,137 17,277 5,266 3,004 4,224 6l,6l4 21,267 23,746 l2 9,632 31,881 9,939 7,527 9,029 651 2.498 1.139 q46 676 2,535 252 1,316 1,534,438 346,590 503,333 197,102 252,375 689,13s 167,850 129,157 200,326 66.0 76.6 82.0 69.2 88.0 75.6 55.4 75.1 75-6 79.2 55-4 i% 41,770 14,603 16,124 7,910 56,109 167,463 1,010 2,324 188 377 m 3,855 57,585 174,019 20,604 36,023 4,249 9,133 8,215 16,121 505 Ito. 126,089 405,655 57.6 73-5 5,628 5,324 10,648 36,760 24,098 14,694 30,543 60,630 4,968 5,867 9,245 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 792,588 206,451 266,782 99,107 258,513 452,789 64,989 85,935 111,886 292,080 41,200 29,590 26.624 75.520 161.450 21.060 21.314 39.280 500,508 165,251 237,192 72,483 182,993 291,339 43,929 64,621 72,606 5,349 53,810 123,832 6,237 20,992 6,541 4,563 57,947 288,829 17,667 65,400 40,280 223,429 17,017 8,500 12,267 18,373 40,000 3,122 16,838 8,454 1,865 1,224 1,602 3,249 1,159,684 89,000 175,000 107,677 180,000 5,000 112,200 262,000 4,ooo 45,000 54,86o 4,000 120,947 534,279 39,648 106.025 46.956 45.010 28.781 45.345 78.119 l4.4?0 10.741 18.867 17.39" 62,953 2,186,883 176,432 517,479 166,207 246,860 76,530 183,016 342,004 48,144 69,612 76,976 42,885 2k),738 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 91 days to Over 6 months l6 to 30 days 31 to 60 days 6l to 90 days Within 15 days Total 6 months 398,130 11,698 21,223 117 297,756 37,583 29,753 76,112 169,385 12,697 45,906 31,743 2,927 391,855 101,065 123,900 35,300 12,484 215,150 - 4,780 21,304 11,574 13,070 434 36,468 6,279 60,294 63,172
@FedFRASER