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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n F r i d a y morning, June 2.4; not e a r l i e r . S t . $kl6 F e d e r a l Reserve Board, June 23, 192?• CONDITION OF FEDERAL RESERVE BANKS The c o n s o l i d a t e d s t a t e m e n t of c o n d i t i o n of t h e F e d e r a l r e s e r v e "banks on June 22, made p u b l i c by t h e F e d e r a l Reserve B o a r d , shows d e c l i n e s f o r t h e week of 199,400,000 i n " t o t a l b i l l s and s e c u r i t i e s , of $114,100,000 i n member b a n k r e s e r v e d e p o s i t s , of $ 8 , 9 0 0 , 0 0 0 i n F e d e r a l r e s e r v e n o t e c i r c u l a t i o n , and of $21,900,000 i n gold h e l d a b r o a d , and i n c r e a s e s of $ 8 , 4 0 0 , 0 0 0 i n c a s h r e s e r v e s and of $13>500,000 i n amounts due f r o m f o r e i g n b a n k s . Holdings of d i s c o u n t e d b i l l s i n c r e a s e d $77,700,000 d u r i n g t h e week w h i l e h o l d i n g s of Government s e c u r i t i e s d e c l i n e d $177,900,000, following the r e d e m p t i o n of $185,000,000 of temporary 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 i s s u e d by t h e T r e a s u r y t o t h e F e d e r a l r e s e r v e b a n k s on t h e previous report date. A l l of t h e F e d e r a l r e s e r v e b a n k s r e p o r t l a r g e r d i s c o u n t h o l d i n g s e x c e p t C l e v e l a n d , which shows a d e c l i n e of $ 2 7 , 7 0 0 , 0 0 0 . The p r i n c i p a l i n c r e a s e s i n d i s c o u n t s d u r i n g t h e week w e r e : New York $ 3 6 , 1 0 0 , 0 0 0 , Chicago $ 3 1 , 2 0 0 , 0 0 0 , S t . L o u i s $ 9 , 2 0 0 , 0 0 0 , San F r a n c i s c o $ 7 , 5 0 0 , 0 0 0 , P h i l a d e l p h i a $ 7 , 4 0 0 , 0 0 0 , Richmond $5,000,000 and Boston $ 4 , 6 0 0 , 0 0 0 . The S y s t e m ' s h o l d i n g s of U n i t e d S t a t e s bonds i n c r e a s e d $ 1 2 , 4 0 0 , 0 0 0 , w h i l e h o l d i n g s of T r e a s u r y n o t e s d e c l i n e d $ 2 2 , 7 0 0 , 0 0 0 , and of T r e a s u r y c e r t i f i c a t e s $ l 6 7 » 6 0 0 , 0 0 0 , t h e l a t t e r amount b e i n g $ 1 7 , 4 0 0 , 0 0 0 l e s s t h a n t h e amount of t e m p o r a r y c e r t i f i c a t e s h e l d by t h e F e d e r a l r e s e r v e b a n k s on t h e p r e vious report date. The p r i n c i p a l c h a n g e s i n F e d e r a l r e s e r v e n o t e c i r c u l a t i o n comprise an i n c r e a s e of $ 4 , 3 0 0 , 0 0 0 r e p o r t e d by t h e F e d e r a l Reserve Bank of Chicago and a d e c l i n e of $ 3 , 8 0 0 , 0 0 0 bjr P h i l a d e l p h i a . A summary of c h a n g e s i n t h e 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 t h e r e s e r v e banks d u r i n g t h e week and t h e y e a r e n d i n g June 22, 1927; f o l l o w s : Increase or decrease Week , . -39,400,000 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 . . +77,700,000 Secured by U . S . G o v t , o b l i g a t i o n s . . . +44,800,000 Other b i l l s d i s c o u n t e d — 64,ooo,ooo + + 8,900,000 + 6,600,000 . . . . -108,900,000 . -114,100,000 . + 21,300,000 + + + 106*600,000 81,800,000 15,000,000 - + - . . . . -167,600,000 Federal reserve notes i n c i r c u l a t i o n C. — 126,900,000 40,500,000 9,100,000 49,600,000 - - 13,800,000 51,300,000 122,200.000 57,100,000 IJ. S. Government s e c u r i t i e s , t o t a l . ,. . - 1 7 7 , 9 0 0 , 0 0 0 Total deposits Year ,+ $198,200,000 + 181,600,000 Total reserves 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 during . - Released f o r p u b l i c a t i o n F r i d a y morning, June 24, 1927; not e a r l i e r . St. 54l6a RESOURCES ASD LIABILITIES OF THE TW%VE FEDERAL RESERVE -BAHKS COMBINED ( i n thousands of d o l l a r s ) June 22.1927 June 15.1927 June 23.1926 RE S O U R C E S xold w i t h F e d e r a l r e s e r v e a g e n t s . . . . . Jold redemption f u n d w i t h U. S. Treasury . 1,619,569 43,618 1,678,233 49,272 1,467,699 44,189 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 . n o t e s Gold s e t t l e m e n t f u n d w i t h F. R. Board . . Grpld and gold c e r t i f i c a t e s h e l d by "banks . 1,663,187 1,727,505 591,047 774,027 531,377 757,763 1,511,888 662,190 672,563 ' T otal gold r e s e r v e s Reserves o t h e r than gold 3,028,261 165,466 3,016,645 168,713 2,846,641 148,892 3,193,727 3,185,358 2,995,533 59,844 60,546 56,301 234,997 203,687 190,139 170,803 225,848 253,310 438,684 360,942 479,158 183,217 182,504 247,236 159,944 83,186 126,211 147,534 105,857 293,833 108,620 205,401 69,077 369,341 , 1,300 547,224 1,300 383,098 3,200 6,700 992,542 1,119,392 40,333 14,118 683,052 59,136 13,724 1,091,970 62,233 662 839,940 59,133 13,614 5,056,476 5.313,456 4,902,858 1,689,347 1,698,294 1,682,769 2,307,056 26,831 5,163 25,728 2,421,163 5.548 4,378 42,577 2,225,306 11,835 5,910 15,173 2,364,778 629,142 129,375 228,775 15,059 2,473,666 768,683 129,365 228,775 14,673 2,258,224 600,319 122,785 220,310 18,451 5,056,476 5,313,456 4,902,858 . . . . . . . . Total reserves I o n - r e serve cash 3 i | . 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 d i s c o u n t e d . . . . 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 i n d e b t e d n e s s T o t a l U.S. Government s e c u r i t i e s Foreign l o a n s on gold . . . . T o t a l b i l l s and s e c u r i t i e s Gold h e l d abroad Due from f o r e i g n banks Uncollected i t e m s Bank premises All other resources TOTAL RESOURCES . . . . . . . . . . 645 654,976 59,739 16,272 L I A B I L I T I E S F . R . notes i n actual c i r c u l a t i o n Deposits: Member bank - r e s e r v e account Government Foreign bank Other d e p o s i t s . . . . Total deposits Deferred a v a i l a b i l i t y i t e m s Capital paid i n Surplus All o t h e r l i a b i l i t i e s . TOTAL LIABILITIES R a t i o 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 foreign correspondents rC. 78.8$ 76.4$ 76.0^ 146,954 148,535 53,583 R E S O U R C E RESOURCE S AiTD LI ABI LI TIBS OF THE FEEEBA1 RESERVE BMKS OH JUHE 22, 1927( I n t h o u s a n d s of d o l l a r s ) T o t a l B o s t o n Hew York F h l l a . C l e v e . Hi oh. A t l a n t a Chicago S t . L o u i s S 1 2 £ S T s y'noS1"81"1,7 w t a i : ^ ® w a - s a s - s a t s * s H s ~ S s r U r " 1 9 ! ^ Minn. Kans.Cy. D a l l a s Sao F r a n . ^ ^ ^ 2 ^ '-176 1,663,187 131,864 425.925 ia.719 199.372 56.868 151.199 247,233 13,087 54,971 51.602 30 291 175>.06l t " 1 : 5 1 S t . 5Ulbb " = " r m H ' e a s~u i j i iiuu»=> : : . 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 t a l U . S . Govt, s e c u r i t i e s ™ M : : : I -E 12b,211 a s % a s a s s " t - s : % i S , s t i ? : S g : 3 t ?>:'«' : : : ; s i s 1 i t a g s 1 -1 o, I y j 369,341 14,241 1 s i : s a : : s " , s : t : s : s a : : 65,100 26,760 44,363 10,574 t s s £ 1 p « ^ t : , : u t w - . . a : W : : s a ; : 1 I : S s s , n S I 9,582 55,707 29.330 18,280 29,537 26,073 39.79" g - liiilllliliil Other s e c u r i t i e s All other resources TOTAL RESOURCES Ijoo ljtf^ - 1,000 ±_ ±1 - 300 - — — ~~ ' 5,056,476 382.226 1,612.831 349,114 503.982 204,031 269,934 687.932 172,216 131.880 200.040 134,208 408 S t . 5416c BE SOURCES AND" LTABTLI TIES OF THE FEDERAL HE SERVE BAMS ON JUNE 22, 1927. ( I n thousands of d o l l a r s ) L I A B I L I T I E S St.Loui s Minn. ICans.Cy. D a l l a s San Fran. T o t a l Boston New York P h i l a . Cleve. Rich 401,780 123,259 210,110 60,749 159,549 225,774 40,791 59,373 62,893 35,097 171,850 1,689,34? 138,122 IP.3. n o t e s i n a c t u a l c i r c u l a t i o n Deposits: yember t a n k - r e s e r v e a c c o u n t 2,307,056 147,115 925,058 133,360 187,487 69,445 67,907 334,347 81,800 47,726 87,476 58,097 167,238 2,866 1,642 1,274 860 1,838 5,645 1,612 1,260 26,831 4,474 1,655 2,013 1,692 Government 166 314 234 184 620 135 193 1,916 431 476 Foreign tank 5,163 337 142 157 103 76 1,036 367 3,799 18,576 121 1,174 25,728 133 Other d e p o s i t s Total deposits 2,364,778 152,059 951,195 135,524 190,397 71,437 70,180 337,695 84,198 48,863 89,441 6 i , l 6 4 172,625 Deferred a v a i l a b i l i t y items 155,709 5 5 , 4 l 4 64,303 52,637 24,758 72,592 30,869 12,081 33,669 24,926 37,449 629,142 64,735 9,166 4,249 4,215 3,005 5,287 5,103 17,245 Capital paid in 38,859 13,033 13,864 6,204 129,375 9,I45 8 , 2 1 5 16,121 9,029 9 , 6 3 2 31,881 7,527 6 i , 6 i 4 21,267 23,746 12,198 Surplus 228,775 17,606 9,939 1,031 1,132 557 793 712 2,745 3.674 617 1.562 806 All o t h e r l i a b i l i t i e s 15,059 559 IIL 5,056,476 382,226 1 , 6 1 2 , 8 3 1 349,114 503,982 204,031 269,934 687,932 172,216 131,880 200,040 134,208 408,082 TOTAL LIABILITIES 78.8 Reserve r a t i o ( p e r c e n t ) Contingent l i a b i l i t y on b i l l s p u r chased f o r f o r e i g n c o r r e s p o n d e n t s 146,954 F . R . n o t e s on hand ( n o t e s r e c ' d f r o m F.E.Agent l e s s n o t e s i n c i r c u l a t i o n ) 389,529 F . R . n o t e s r e c ' d from Comptroller F . R . n o t e s h e l d by F. R. Agent F . R . n o t e s i s s u e d t o F.R. Bank Collateral held as security f o r F.R. n o t e s i s s u e d t o 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 f u n d - 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 i n d e b t e d n e s s 88.4 74.3 ll,o4o 40,529 14,131 15,603 22,157 124,567 2,94$i,479 245,379 870,600 85,100 2,078,876 160,279 392,900 35,300 99,181 13,993 1,127,488 74,000 587.585 46.548 2,207,154 169,841 70.0 77.5 74.0 51.7 72.3 4,4i6 62.3 66.1 73.6 5,446 5,152 10,304 39,454 27,925 15,186 31,403 53,567 3,542 5,680 10,4O9 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 6,060 49,579 7,654 6,035 20,314 6,330 57,114 269,829 818,427 198,813 275,175 292,080 36,100 37,140 526,347 162,713 238,035 99,159 268,007 453,641 23,224 77,055 174,300 75,935 190,952 279,341 215,150 8,780 21,671 9,636 12,063 180,000 107,077 175,000 115.564 46.801 47.152 532,385 163,514 242,995 MATURITY DISTRIBUTION 18,228 40,000 36,468 17,057 9.650 12,267 3,689 18,234' 2,965 5,731 6,968 1,999 968 1,264 7,000 118,651 11,000 124,900 242,000 1,000 40,000 46,86o 10.524 42.441 102.671 "56.898 14.086 26.852 13.897 64.151 83,723 191,366 346,670 48,516 67,617 76,677 42,814 241,036 OF BILLS AND CERTIFICATES OF INDEBTEDNESS 91 days t o Over 6 months 31 t o 60 days Si t o 90 days 6 months 19,44s 303 21,951 37,227 18,628 3,764 45,481 95,168 31,043 Total Within 15 days 438,684 183,217 330,475 64,146 126,211 80.5 83.1 l 6 t o 30 days 29,280 51,198 66,573 22,240 84,917 112,442 19,864 39,I4Q 15,957 44,333 65,053 41,157 221,429 73,302 4g,4oo
@FedFRASER