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STATEMENT FDR TPE PRESS Released for publication Friday morning, June 4; not earlier. /' s t . 4972 Federal Reserve Board, June 3, 1926. CONDITION OF FEDERAL RESERVE BAMS The consolidated statement of condition of the Federal reserve banks on June 2, made public by the Federal Reserve Board, shows an increase of $66,900,000 in holdings of b i l l s and s e c u r i t i e s , of $31,300,000 in Federal reserve note circulation, and of $30,100,000 in member bank, reserve deposits, and a de>c l i n e o f $29,000,000 in cash reserves. Holdings of a l l classes of b i l l s and sec u r i t i e s were above the amount reported a week ago - discounted b i l l s by ^ f 0 0 0 , 0 0 0 , Government s e c u r i t i e s by $9,100,000, and acceptances purchased i n open market by $5,300,000. Discount holdings of the Federal Reserve Bank of New York increased $53,600,000, of the St. Louis bank $9,200,000, and of Chicago $3,400,000. The principal decreases during the week in discount holdings were: Boston $5,000,000, San Francisco $4,400,000, Philadelphia $3,200,000, and Atlanta $2,300,000. Open-market acceptance holdings of both the St. Louis and Boston reserve banks declined $3,500,000, while the San Francisco bank shows an increase of $3,100,000, Cleveland of $3,000,000, and Chicago of $2,600,000. The System's holdings of United States bonds increased $6,000,000, of Treasury notes $2,500,000, and of Treasury c e r t i f i c a t e s $600,000. Federal reserve note c i r c u l a t i o n increased at all of the Federal reserve banks except Cleveland, which shows a small d e c l i n e , , the principal increases being: Mew York $13,600,000, San Francisco $5,700,000, and Boston $4,500,000. A summary of changes in the principal 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 2, 1926, follows: Increase or decrease Week Total reserves . 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, total Secured by U.S. Gov't, Other b i l l s discounted - $29,000,000 - 12,800,000 . . . . . . ; . . . obligations . . . . . B i l l s bought in open market . . . U. 'S. Government s e c u r i t i e s , total Bends . . Treasury notes C e r t i f i c a t e s of indebtedness . , + 66,900,000 + 51,000,000 + 51,300,000 300,OvO during Year - $11,100,000 - 20,900,000 + 121,900,000 + 112,600,000 + 77,100,000 + 35,500,000 + 5,300,000 - + + + 9,100,000 b,000,000 2,500,000 600,000 + 50,000,000 + 18,800,000 4- 40,800,000 - 78,400,000 29,500,000 + 109,600,000 Federal reserve notes in c i r c u l a t i o n + 31,300,000 + Total deposits Members1 reserve deposits . . . . . Government deposits + 18,100,000 + 30,100,000 8,500,000 + 39,000,000 + 78,300,000 C. - 23,200,000 Released for publication Friday morning, June 4, 1926; n o t . e a r l i e r . St. 4972a RESOURCES AND LIABILITIES OF TEE TWELVE FEDERAL RESERVE BASKS COMBINED ( i n thousands of dollars) June 2. 1926 May 26. 1926 June 3. 1925 RESOURCES Gold with Federal reserve agents . . . 1,450,150 1,455,119 Gold redemption fund with U.S.Treasury 52,511 52,701 Gold held exclusively against F.R.not_ , 1,502,661 1,507,820 "old settlement fund with ?. R. Board 662,400 659,899 Gold and gold c e r t i f i c a t e s held by banks 648,347 632,169 Total gold reserves 2,81b,06b 2,797,230 Reserves other than gold 149,250 159,375 Total reserves 2,946,UgO 2,975,441 Non-reserve cash 53,234 47,134 B i l l s discounted: Sec. by U.S. Government obligations 224,841 233,530 Other b i l l s discounted 240,413 240,116 Total b i l l s discounted . . . 524,957 473,943 B i l l s bought i n open market 244,143 238,828 U. S. Government s e c u r i t i e s : Bonds 103,106 Treasury notes 169,846 C e r t i f i c a t e s of indebtedness . . . . 131,200 130,578 Total U. S. Government s e c u r i t i e s 404,152 395,065 Other s e c u r i t i e s . . . . . . . . . 3,885 3,885 Foreign loans on gold 7,401 8,900 Total b i l l s and s e c u r i t i e s 1,186,037 1,119,122 Due from foreign banks 691 • 679 Uncollected items . 628,953 693,424 Bank premises 59,661 59,665 All other resources 17,828 17,392 TOTAL RESOURCES . 4,854,482 4,951,259 1,504,694 62,312 1,567,006 657,496 593,638 2,818,140 139,397 2,957,537 48,557 207,758 204,584 412,342 284,954 '• yf? 84,338 248,200 21,567 354,105 2,250 10,500 1,064,151 671 683,820 59,874 22,847 4,837,457 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 TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . . . 1,704,136 1,672,817 1,674,686 2,225,270 15,792 4,295 15,833 2,261,190 625,602 122,670 220,310 17,351 4,951,259 2,195,200 24,269 4,798 18,570 2,243,137 578,476 122,557 220,310 17,185 4,854,482 2,146,921 39,032 5,834 30,358 2,222,145 593,749 115,539 217,837 13,501 4,837,457 74.3* 7b.0% 75.9$ 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 62,647 61,347 35,069 C. RESOURCES RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS OF JUNE 2, I926 (in thousands of dollars) St. 49720 New York Phila. Cleve. Ricn. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total Gold redemption"fund^IS U ^ T r e a s . 6 ^ 6 2 Gold held exclusively against F - R- n o t e s 127,054 58 - ^ 200 ^ 78,557 4,811 81,123 199,199 375,497 4,166 3,989 7,852 61,280 3,445 77,897 1,028 83,368 46,846 260,714 2,946,480 1,986 2,006 3,065 47,134 > \ 6 m 27,200 27,200 18,722 i 7 : 158,140 48,555 9,750 66,993 ^otal 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 3,582 0,436 f7,599 j f 17,917 -676 11,762 3,088 44,607 3,058 j24,344 S l17,762 j'% SO, 713 23,908 80,713 -2,125 2,439 845 Total b i l l s and s e c u r i t i e s Due from foreign banks 64,515 3OS,285 - feqx 4)1 other resources TOTAL RESOURCES C. 23,705 191,050 1 502 661 75,081 2.816 234,949 1,025,830 215,314 254,463 3,267 12,630 1,185 2,515 indebtedness 44,619 74,171 19°,59 7 3 58 , 6 50 42,303 6.952 8,602 16,847 18,977 Total reserves Men-reserve cash B i l l s discounted: S S S S r . 55,444 982,815-209,768 278,235 43.015 5,54b 6,228 21 Total b i l l s discounted B i l l s borght in ouen market r• * Government s e c u r i t i e s : f M 45,312 160,669 164,538 rotaO. gold reserves Reserves other than gold 5,211 19,738 ^2:4% 37S,775 127,720 172,677 5:8 fess a s silisi »,•% 1'S : ^ 46,757 23,994 47,054 9,927 33,679 22,795 11,633 18,435 i 7,661 l l 952 3,200 4,227 2,134 9,56l 9,561 -4?2 449 253 , . l 3,286 3,988 1,260 356 35,213 109,432 67,014 37,729 - l:$g27 ' i5,90b m f M415 %970 307 11,095 ^728 ; s ; * b n-st 40,893 250,949 2,797 210 5,953 9,765 IU9I25O i ^ 53,557 34,405 4,871 29,59 b 4,645 1 2,441 29,596 25,915 20,217 g11,450 ' l 57,582 g; : s frl 19,643 11,489 10,368 9,969y S 40,72s 23,792 lJ 524,957 244^43 9 J : : S | 50,897 404,152 3 ggc gjqOO H 1,219 28,742 383 20,163 38,664 5OO 285 347 34,258 312 62,078 141,954 68,175 38,260 54,937 116,031 1,186,037 1:2? 1,516 - 3 1.759 1} 70,143 3 0 ':1S *M t;^652 ^ 510 2.209 614 377 ?3A10 £1 691 17^28 376,645 1,544,229 367,695 470,530 209,323 297,566 621,514 170,278 135,672 202,683 131,183 423,641 4,951,259 L I A B I L I T I E S RESOURCES AND LIABILITIES OF TBS FEDERAL RESERVE BAMS ON JUNE 2, 1Q26. S t . 4972c ( i n thousands of dollars) Boston New York Phila. Clave. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total 142,148 405,551 137,176 194,353 72,977 184,578 178,476 40,186 60,671 61,958 36,153 1 89,909 1,704,136 F,R. notes in actual c i r c u l a t i o n Deposits: Member bank - reserve account 139,543 888,132 Government 1,473 559 Foreign bank 344 1,006 Other deposits 114 6,892 Total deposits 140,560 897,503 / D e f e r r e d a v a i l a b i l i t y items 67,163 142,596 Capital paid in 8,786 35,304 Surplus 17,020 59,964 All other l i a b i l i t i e s 968 3,3H TOTAL LIABILITIES 376,645 1,544,229 Reserve ratio (per cent) £3.1 78.7 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 4,679 17,948 F.R.notes on hand (notes rec'd from F.P.Agent l e s s notes in circulation)17,35! 104,931 F. R. botes rec'd from Comptroller 206,779 F. R. notes held by F. R. Agent 47,250 —L-Z— F.R. notes issued to F. R. Bank 153,529 Collateral held as security for T .R. notes issued to F.R.Bank: ^old and gold c e r t i f i c a t e s 35,300 Gold redemption fund 15,792 Gold fund - F. R. Board 69,000 E l i g i b l e paper 45,922 Total collateral 166,014 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. 137,764 174,709 921 43O 216 1,401 484 1,068 139,331 177,662 57.73S 60,539 12,153 13,510 20,464 22,894 833 1,572 367,695 470,530 76.5 77-9 5,849 65,955 2,054 240 54 73,386 310,360 910 2,651 181 6a 117 78,694 1,365 195 1.048 245 49,416 1,249 145 87,948 1,470 55,800 163,563 2,225,270 368 1,371 15,792 159 313 4,295 5,692. 15,833 56,366 170,939 2,261,190 177 164 50,994 89 ,.759 12,258 36,804 25,924 37,076 3,143 4,245 4,259 8,391 7,501 7,615 15,071 8,979 1,105 836 938 2,255 184 68,303 74,594 314,680 80,499 48,897 24,128 78,716 33,763 625,602 6,076 4,934 16,567 5,272 122,670 11,919 8,700 30,613 9,570 220,310 1,151 932 2,462 988 17,351 209,323 297,866 621,514 170,278 135,672 202,683 131,183 423,641 4,951,259 57.4 76.1 50.8 76.9 69.8 50.6 54.9 72.3 74.3 2,463 2,648 2,401 2,155 4,248 62,647 27,144 17,217 14,349 28,553 24,797 5,232 4,547 5,558 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 4,784 31,456 285,959 6,588 3,263 8,435 1,970 790,842 211,760 260,850 120,866 d62,201 404,210 65,618 83,577 113,286 54,474 275,935 2,850,398 280,360 47^440 49,280, ^33,540 49,070 —— __!_z —>>— ^ • y 7 - \ 200,937 20,200 18,359 45,770i v 13,537 54,560 t c w , jwj, 860,303 510,482 164,320 211,570 -171,698 - 8,750 25, t>o4 13,023 H,57S 171,000 102,497 150,000 209,732 51,113 57 87,326 213,131 203,273 25,655 14,237 5,028 7,342 3,501 12,500 136,000 155,645 69,175 54,122 56,148 83,047 ,c,o33 239,533 97,305 213,727 242,193 MATURITY DISTRIBUTION OF BILLS 45,418 65,218 8,045 13,212 1,313 1,504 67,516 40,937 221,375 1,990,095 17,226 10,000 2,850 2,550 14,702 304,153 104,847 1,000 38,000 39,360 2,500 163,648 1,041,150 38,639 17,196 30,972 20,193 64,017 740,276 48,997 69,912 73,182 42,469 252,367 2,190,426 AND CERTIFICATES OF INDEBTEDNESS Within 15 days 16 to 30 days 31 to 60 days ol to 90 days 389,101 100,917 57,469 32,089 5 6,109 - 46,761 52,318 25,801 32,431 91 days to 6 months 29,914 2,368 51,913 Over 6 months 1,291 - . 21,818 Total 524,957 244,143 131,200
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