The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Released f o r p u b l i c a t i o n Friday morning, June IS; not e a r l i e r . STATEMENT FOE TI3! PRESS # St. 4°g9 Federal Reserve Board, June 17, 1926. CONDITION OF FEDERAL RESERVE BA'TKS Largely as a r e s u l t of the June 15 f i n a n c i a l operations of the United States Treasury, the c o n s o l i d a t e d statement of condition of the Federal r e serve banks on June l 6 shows a d e c l i n e of $^4,800,000 i n holdings of d i s counted b i l l s and of $16,700,000 i n acceptances purchased i n open market, and increases of $63,900,000 i n holdings of Government s e c u r i t i e s and $36,300,000 in member bank r e s e r v e d e p o s i t s . Discount holdings of the New York bank declined $46,$00,000, of Boston $3,600,000 and of Chicago $2,800,000, while the San Francisco bank shows an increase of $4,200,000. The New York bank shows a decrease of $21,800,000 in open-market acceptance h o l d i n g s , and the A t l a n t a bank - an i n c r e a s e of $3,000,000. Treasury c e r t i f i c a t e s on hand increased $71,000,000, holdings on June 16 including $l4l,500,000 of temporary c e r t i f i c a t e s issued by the Treasury to the Federal r e s e r v e banks pending the c o l l e c t i o n of the q u a r t e r l y i n s t a l l m e n t of t a x e s . Holdings of Treasury n o t e s declined $13,200,000 and holdings of United S t a t e s bonds i n c r e a s e d $6,100,000. The p r i n c i p a l changes in Federal r e s e r v e note c i r c u l a t i o n during the week comprise a d e c l i n e of $4,500,000 r e p o r t e d by the Federal Reserve Bank of Cleveland and an i n c r e a s e of $2,800,000 by the Chicago bank. A summary of changes in 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 l 6 , 1926, f o l l o w s ; Increase or decrease during Year Week $16,600,000 15,600,000 112,200,000 + $1,800,000 + + - 9,200,000 - 54,800,000 - 34,200,000 - 20,600,000 - 16,700,000 + 63,900,000 + 6,100,000 - 13,200,000 + 71,000,000 + + 24,200,000 174,200,000 Federal reserve notes i n c i r c u l a t i o n . . - + 45,100,000 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 . . . + 39,600,000 + 36,300,000 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. Government o b l i g a t i o n s Other 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 , t o t a l . . Bonds Treasury notes C e r t i f i c a t e s of indebtedness . . . + 3,4oo,ooo 4,800,000 + 2,000,000 - - + - + + - + + + 48,600,000 68,800,000 20,200,000 12,900,000 175,200,000 25,800,000 46,300,000 48,100,000 800,000 Released f o r p u b l i c a t i o n Friday morning, June 18, 1926, not e a r l i e r . RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS (In thousands of d o l l a r s ) June l 6 , 1926 RESOURCES Gold with Federal r e s e r v e agents . . . 1,530,551 Gold redemption fund with U.S.Treasury45,459 Gold held e x c l u s i v e l y a g a i n s t F.R.notes 1.576.010 604,820 Gold settlement fund with F. R.Board . Gold and gold c e r t i f i c a t e s h e l d by banks 655,795 Total gold r e s e r v e s 2,836,625 Reserves other than gold 147,737 Total r e s e r v e s 2,984,362 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 in 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 Total U. S. Government 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 Bank premises All other resources TOTAL RESOURCES St.4989a COMBINED June 9, 1926 1,472,698 56,536 1,529,234 649,124 June 17, 1925 1,500,333 38,062 1,538,395 678,157 654,830 2,833,188 2,821,067 149,341 146,659 2,982,529 2,967,726 56,169 57,227 54,613 179,301 213,484 234,679 448,163 249,821 248,122 193,842 441,964 246,083 103,049 180,147 135,112 418,308 3,885 8,401 1,128,578 83,366 191,151 31,882 2,250 10,500 1,007,196 59,735 709 654,385 59,665 811,856 60,162 5,119,348 4,901,784 4,922,689 1,688,150 2,260,827 6,136 6,307 17,616 2,290,886 1,692,939 1,643,047 2,224,486 4,113 6,200 16,464 2,251,263 2,212,772 5,364 6,456 20,010 2,244,602 779>34 122,804 220,310 17,764 596,619 122,713 220,310 17,9^0 4,901,784 115,543 217,837 14,504 214,029 393,330 233,159 109,183 166,945 206,107 482,235 3,200 7,502 1,119,426 645 882,869 16,142 IS,691 604,515 306,399 734 20,402 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 . . . . 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 Ratio of t o t a l r e s e r v e s t o deposit and F. R. note l i a b i l i t i e s combined . . . 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 W. 5,119,348 75-0f> 75.6# 55,088 60,219 687,156 4,922,689 76.3# 33,482 RESOURCES RESOURCES AND LIABILITIES OF THE FEDERAL BE SERVE BANKS OH JUNE l 6 , 1926 St.4989b. (In thousands of d o l l a r s ) Boston New York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total 138,4o4 Gold w i t h Federal Reserve agents Gold redemption fund with U.S.Treas. 2,038 Gold h e l d e x c l u s i v e l y against F. R. n o t e s Gold settlement fund with F.R.Board Gold and gold c e r t i f i c a t e s Total gold reserves Reserves other than gold Total r e s e r v e s Non-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 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 n o t e s . C e r t i f i c a t e s of indebtedness 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 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 U n c o l l e c t e d items Bank premises A l l other resources TOTAL RESOURCES w. 428,176 112,005 169,537 40,083 155,270 159,081 20,887 55,560 40,507 21,124 189,917 1,530,551 8,022 13,930 2,476 2,962 3,048 3,315 619 2,303 3,331 1,337 2,078 45,459 436,198 125,935 172,013 43,045 158,318 162,396 166,002 50,881 54,535 20,865 19,561 124,500 401,083 21,322 4o,4n 9,893 3,653 70,294 231,804 1,003,283 198,138 266,959 73,803 181,532 357,190 41,346 4,537 8,051 7,377 8,217 19,891 15,900 247,704 1,044,629 202,675 275,010 81,180 189,749 377,081 3,754 15,443 1,016 3,480 4,394 4,835 10,590 l4o,442 54,811 36,551 10,434 8,519 18,953 14,123 2,536 6,900 12,372 21,SOS - 570 55,454 - 45,727 25,904 32,014 21,339 17,160 12,345 67,066 43,064 44,359 44,070 14,755 22,32s 13,306 5,702 39,722 4,704 107,265 16,424 160,293 26,830 2,000 713 2,055 273,484 87,362 645 227,073 79,684 16,715 1,567 4,524 437 - - 11,064 20,977 16,866 43,907 - 803 116,397 - 21,506 57,863 43,838 15,602 14,244 32,566 18,635 6,6io 6,343 55,743 78,717 82,747 19,215 3,156 4,787 74,958 81,873 87,534 982 2,321 3,895 22,461 191,995 1,576,010 11,912 39,34l 604,820 12,430 28,570 655,795 46,803 259,906 2,836,625 6,483 8,777 147,737 53,286 268,683 2,984,362 2,491 2,968 56,169 989 4,898 1,394 14,445 179,301 13,091 2,822 18,702 8,881 32,347 33,788 24,853 14,031 3,160 13,739 9,915 22,833 214,029 45,438 36,610 43,555 22,912 4,149 13,637 11,309 37,273 •393,330 11,647 27,939 32,267 6,432 10,713 12,763 10,974 25,143 233,159 25,886 8,462 9,585 20,940 10,334 6,719 20,657 5,057 1,905 67,483 23,853 18,209 700 500 240 300 1,028 323 397 65,768 67,398 144,333 53,520 33,811 2,513 4,531 1,242 8,286 285 281 1,283 1,849 - - - - - - - 14,026 9,112 6,706 l4,46l 13,903 23,473 4,764 3,943 14,329 33,251 26,95s 44,508 - — - - - — 109,133 166,945 206,107 432,235 3,200 7,502 513 263 64,948 49,504 107,447 1,119,426 292 645 882,869 59,735 7,409 2,364 2,846 7,933 4,111 2,943 4,654 1,793 3,332 16,142 2,248 60S 372 2,953 1,344 388 1,713 529 992 389,781 1,582,513 372,741 4s6,955 223,280 303,090 668,915 176,528 137,847 208,244 138,598 430,856 5,119,34s 78,767 4,06S 34 83,667 69,186 36,91s 127,265 39,436 15,990 48,258 31,152 45,473 L I A B I L I T I E S BESOLTBCES AND LIABILITIES OF THE FEDERAL EESEBVE BANKS OH JUNE l b , 1°26 ( i n thousands of d o l l a r s ) Boston Hew York Phila. Cleve. Bich. Atlanta Chicago St.Louis 140,928 403,220 127,628 188,893 71,315 185,013 181,348 146,067 297 344 99 397,555 136,467 133,755 852 75 305 3,018 430 485 66,356 68,699 322,743 Total d e p o s i t s 146,807 909,451 137,323 135,623 Deferred a v a i l a b i l i t y iterns Capital paid i n 75,385 8,736 17,020 355 171,019 74,274 74,402 35,366 12,171 13,510 F.E. notes i n actual 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 Surplus All other l i a b i l i t i e s TOTAL LIABILITIES 8,026 59,964 3,493 351 1,033 20,464 331 22,394 1,623 1,522,513 372,741 486,955 86.1 79.6 76.5 73.4 339,781 He serve r a t i o (per c e n t ) 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 4,226 F.E.notes on hand (notes r e c ' d from F.E.Agent l e s s notes in c i r c u l a t i o n ) 20,713 14,718 5,283 5,950 105,959 34,177 18,451 41,215 St.4989c Minn. Kans.Cy. Dallas San Fran. 59,908 62,305 35,614 Total 190,253 1,688,150 80,313 50,249 37,96s 57,003 163,647 2,260,827 286 1,174 694 730 567 6,136 255 620 145 177 313 6,307 195 159 231 210 87 1,156 304 5,842 17,616 79 67,500 69,062 324,779 81,098 51,849 39,049 57,971 170,369 2,290,336 65,273 34,393 112,475 33,374 14,317 42,740 32,353 44,429 779,434 6,076 4,936 16,635 5,272 3,142 4,133 4,233 8,434 122,804 11,919 3,700 30,613 9,570 7,501 8,979 7,615 15,071 220,310 1,130 2,255 17,764 936 2,565 1,197 983 757 999 223,280 303,090 608,915 176,52s 137,847 208,244 138,598 430,856 5,119,348 74.4 61.3 73.3 57.8 74.7 56.9 74.5 75.0 58.5 2,947 2,224 7,618 2,391 1,779 2,169 1,946 3,837 55,088 13,992 3^,469 29,771 4,731 5,820 ^R»749 5,472 38,483 317,787 806 240 98 95 181 FEBEBAL EESEBVE NOTE ACCOUNTS OF FEDERAL EESEBVE AGENTS F. E. notes r e c ' d from Comptroller F. E. notes held by F. E. Agent 230,491 F.E. notes issu ed to F.E. 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.E.notes i s s u e d t o F.E. Bank: Gold and gold c e r t i f i c a t e s Gold redemption fund Gold fund - F. B. Board E l i g i b l e paper Total c o l l a t e r a l 161,64l 789,539 208,245 256,029 118,267 274,932 404,236 67,046 85,101 112,584 54,923 278,601 2,379,994 280,360 46,440 48,680 32,960 55,450 192,617 21,100 19,373 44,530 13,837 49,860 874,057 509,179 161,805 207,349 85,307 219,432 211,619 45,946 65,723 68,054 41,086 228,741 2,005,937 35,300 9,104 94,000 33,076 171,480 8,780 25,655 14,237 25,473 9,508 10,757 1,928 7,033 3,436 231,000 102,497 150,000 12,500 134,000 155,645 102,351 50,384 65,718 56,281 64,394 75,696 531,027 162,339 235,255 96,364 219,664 234,777 B i l l s discounted J i l l s bought i n open market . Certific9_rnp of indebtedness 68,850 171,698 8,045 2,342 10,500 29,148 50,035 13,212 1,348 3,147 4i,000 37,360 14,323 31,261 70,383 71,768 16,226 10,000 303,153 3,39s 14,122 91,601 1,500 165,795 1,135,797 22,278 62,259 608,169 43,402 252,176 2,138,720 MATURITY DISTBIBUTIOH OF BILLS AND CEETIFIGATES OF INDEBTEDNESS Within 15 days 259,381 98,038 i4i,500 16 t o 30 days 32,207 52,537 31 to 60 days 41,357 48,717 6 l t o 90 days 9 6 mnth!° 55,186 0ver 6 months 640 9,421 Total 2?|;i59 20b,107
@FedFRASER