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STATEMENT K>R TEE PRESS Released f o r p u b l i c a t i o n Friday morning, Mar. 12; not e a r l i e r . St. 48?t Federal Reserve Board, March 11, 19 cib. CONDITION OF SEEERAL RESERVE BANKS T ^® consolidated statement of condition of the Federal r e s e r v e banks on f" > m a d e Public by t h e Federal Reserve Beard, shows a d e c l i n e of # 6 , 9 0 0 , 0 0 0 * i o ^ i f ' 4 B n , i n c r e a s e o f $37,3^0,000 i n cash r e s e r v e s , and a reduct i o n of $3,bOO,000 m f e d e r a l reserve note c i r c u l a t i o n . Holdings of discounted d0Wn ^ $80,800,000 and of acceptances purchased in open;. -market td,luO,vOO, while Government s e c u r i t y holdings increased $33,§00, 000. 1 ^ All of the^Federal Reserve Banks r e p o r t smaller holdings of discounted b i l l s wiui the exception of Cleveland, which shews an increase of $5,400,000, and Richmond and D a l l a s , which report nominal i n c r e a s e s . The p r i n c i p a l r e d u c t i o n s Ln ' holdings were: Chicago $24,200,000, New York $16,600,000, Boston "13,%0u^00, Kansas City .*3,400,000, Minneapolis $6,600,000, and St. Louis '3,400,000# _ J ; " : m a r k e t acceptance holdings declined $3,600,000 a t the A t l a n t a bank and 600,000 a t Boston, the remaining banks r e p o r t i n g r e l a t i v e l y small changes i n t h i s item. Holdings of a l l c l a s s e s of Government s e c u r i t i e s increased during the week, Treasury c e r t i f i c a t e s by $17,900,000, Treasury notes by $15 900 000 and United S t a t e s bonds by $100,000. " ' ' ^ f e d e r a l reserve note c i r c u l a t i o n of the San Francisco and Boston banks d e clined $3,600,000 ..and $2,400,000, r e s p e c t i v e l y , with nominal changes only reported by the other banks. A summary of changes 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 the reserve banks during the week and the year ending March 10, 1926, f o l l o w s : Increase or decrease Week 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. Govt, o b l i g a t i o n s Other b i l l s discounted i . . . . 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 . . Federal r e s e r v e s notes i n c i r c u l a t i o n 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 . . , C, 55,500,000 25,300,000 2,100,000 - - 33,900,000 100,000 15,900,000 17,900,000 3,600,000 + + + + - 21,000,000 - 14,600,000 - - - 34,400,000 50,800,000 - Year $37,300,000 4s,90u,000 - 3,900,000 during - + + + + - - + - + + + $59,900,000 75,600,000 44,500,000 92,000,000 17,300,000. 74,700,000 16,500,000 25,700,00017,500,000 96,000,000 84,800,000 58,900,000 25,800,000 8,400,000 22,200,000 Released f o r p u b l i c a t i o n Friday morning, March 12, 192b; not earlier. St. 4876a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) Mar. 10, 1926 Mar. "5. 1926 Mar. 11. 1925 RESOURCES Gold with Federal reserve agents Gold redemption fund with U.S.Treasury . . 1,405,70S 50 406 1,383,170 50,723 Gold held exclusively 'against F.R.notes 1,459,114 Gold settlement fund with F. R. Board . 6 9 2 , 9 9 7 Gold and gold c e r t i f i c a t e s held by banks 647,047 1,433,893 088,^67 642, v24 TotaL£old_reserves Reserves other than gold 2,799,158 151,682 2,764,784 148,754 TotaJ^esgrves Non-reserve cash B i l l s discounted: Secured 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 : 2,950,840 68,998 2,913,538 65,296 3,010,711 319,423 246,598 163,824 410,422 301,354 londs 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 Dae from foreign banks Uncollected items Bank premises All otner resource s 263,904 235,521 502,425 284,520 625,399 579,921 2,874,742 135,969 56,150 137,335 111,894 583,214 28b,607 ' 60,285 171,432 94,'o41 77,941 283,36027,031 359,666 3,150 325,755. 3 150 s',J9& s'jOG 388,332 3,452 60,437 1,158,559 -77-7 628,454 10,500 1,207,429 740 711,125 59,368 l 6 918 1,114,060 4,584,769 4,974,423 4,892,363 I,b71,754 1,675,354 1,730,684 2,209,698 48^554 4,'784 18,253 2,224,329 ' 52*472 * 6,'l60 19,322 2,201,277 26,332 2, d81, 289 2, 3O2,283 577,943 119,993 220,310 13,480 644,103 HQ*721 220,310 12,652 114,254 4,884,769 4,974,423 4,892,363 59,406 2. J 775 TOTAL RESOURCES 263,791 1,612,227 57,195 1,669,422 836 627,874 55,751 23,981 L I A B I L I T I E S F. R. notes in 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 deposits I°^l_d^.osrts Deferred a v a i l a b i l i t y items Capital paid i n ^rplus All other l i a b i l i t i e s .». TOTAL LIABILITIES 7,894 20,035 2,255,538 562,750 217,837 11,300 Ratio of t o t a l reserves to deposit and F. R. note l i a b i l i t i e s cornoined . . . . . . . 74.6$ 73.2^ 75.5# Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents 83,009 82,408 48,715 RESOURCES'AND LIABILITIES OF THE FEDERAL .RESERVE .BASKS CJ (In thousands of d o l l a r s ) Boston New York P h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis Gold With Federal Reserve Agents 112,813 329,315 121,756 192,666 55,993 134,925 129,467 1 5,251 Gold redemption fund with U . S . T r e a s . 8 , 3 2 1 10,435 9,926 3,592 3,059 3,192 2,720 1,21; RESOURCES Gold held e x c l u s i v e l y against F. R. n o t e s 121,134 Gold s e t t l e m e n t fund with F.R. Board 62,9 35 Gold and gold c e r t i f i c a t e s 46,402 339,750 131,682 196,258 225,385 366,457 44,760 26,111 47,938 48,187 59,052 138,117 23,454 5,080 132,187 16,464 35,916 150,175 4,075 71,633 16,184 17,371 50,019 10, ... l$3S. Minn. Kans.Cy. Dallas San Fran. Total 46,587 24,676 182,569 1,408,7% 825 1,731 2,028 3,304 50,406 62,690 63,575 24,184 6,798 48,318 26,704 25,889 6,174 11,386 10,086 80,381 4,576 48,176 249,337 2,799,158 151,682 5,814 7,203 53,990,256,540 2,950,840 230,471 18,693 931,592 202,553 292,353 4,641 6,843 42,427 87,586 178,108 353,995 8,740 9,837 a,522 18,525 94,557 2,861 249,164 Total reserves Non-reserve cash 5,594 B i l l s discounted: Secured by. U.S.Govt, o b l i g a t i o n s 13,881 8,430 Othsr b i l l s discounted 974,019 207,194 299,226 1,982 3,009 27,074 96,326 187,945 375,517 8,404 4,615 4,38b 68,544 3,731 97,418 1,260 84,957 2,588 115,039 40,979 30,159 20,958 24,643 27,364 14,681 28,969 Total b i l l s discounted l 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 *2,311 40,595 156,018 69,140 51,117 19,717 52,007 21,009 43,650 10,841 572 1,76s 5,438 1,934 41,202 18,l6l 604 3,778 16,927 8,103 19,704 5,689 1,240 3,437 1,448 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 l o a n s 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 Uncollected items Bank premises All other resources 7,778 61,297 21,309 3,050 836 33,496 6,125 Total gold reserves Reserves other than gold TOTAL RESOURCES C. 669 2,411 71,353 288,866 737 140,105 l6,666 5,521 54,594 4,06s 89 466 96,029 107,453 61,082 54,620 7,409 1,203 54,655 2,364 381 57,152 1,505 334 2, 6b2 185,873 1,459,114 24,791 38^673 692,997 647,047 3,693 68,998 742 8,167 5,963 29,378 6,705 37,545 13,723 24,592 263,904 238,521 4,393 37,681 26,820 8,821 11,393 762 3,114 4,935 9,210 30,336 64,501 30,234 20,214 14,300 3,876 7,974 14,145 13,896 1,006 10,245 5,965 17,219 20,190 2,035 15,120 9,889 7,665 7,227 3,186 8,938 18,822 9,714 7,676 17,391 7,820 474 29,465 19,704 60,437 187,335 111,894 27,044 18,078 37,474 33,387 49,643 359,666 3,150 8,798 25,943 18,499 18,673 7,953 46,816 •' 100 941 St. 487 6b 1,206 352 66,406 142,757 378 281 61,936 30,209 502,425 284,520 607 308 343 65,958 54,123 112,387 1,158,559 737 384,862 1,452,988 364,196 472,920 219,194 36,501 76,890 32,227 12,655 42,569 26,363 40,123 628,454 59,406 2,761 7,933 4,111 2,943 4,636 1,793 3,217 3,405 17,775 2,042 475 432 2,252 543 1,092 299,326 613,543 170,981 146,737 201,251 139,406 419,365 4,884,769 RESOURCES AND LIABILITIES OF THE FEDERAL REbERVE BANKS ON MARCH 10, 1926. St. 4876c (In thousand's 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 F. R. notes in actual c i r c u l a t i o n 155,036 371,325 145,993 204,189 75,235 161,213 164,209 36,974 64,222 64,740 38,508 187,110 1,671,754 Deposits: Member bank - reserve account 141,195 852,587 129,920 177,130 6b,8S5 84,889 321,176 82,506 50,893 83,519 60,013 156,982 2,209,698 Government £,555 3,044 2,177 3,312 1,634 7,671 7,244 2,054 8,396 1,177 919 2,371 48,554 Foreign bank. 407 891 509 574 284 214 735 231 172 209 188 37O 4,784 Other deposits 85 7,942 76 1,108 81 76 1,025 1,306 181 165 • 47 6,159 18,253 Total deposits 150,242 & 64,464 132,684 182,124 7.0,887 92,850 330,180 £6,097 59,642 85,070 61,167 165,882 2,281,289 Deferred a v a i l a b i l i t y items 53,247 120,675 52,640 49,Ob3 51,242 31,127 70,213 32,470 11,061 37,580 27,334 41,291 577,943 Capital paid in £,6b2 33,812 11,929 13,460 6,057 4,877 16,140 5,150 3,152 4,237 4,279 8,238 119,993 Surplus 17,020 59,9b4 20,464 22,894 11,919 8,700 30,613 7,501 9,570 8,979 7,615 15,071 220,310 All other l i a b i l i t i e s 65P 2,748 486 1,190 854 559 2,188 720 1,159 645 503 1,773 13,480 TOTAL LIABILITIES 384,662 1,452,988 3 ^ , 1 9 0 472,920 219,*94 299,326 613,543 170,981 146,737 201,251 139,406 419,365 4,884,769 Reserve r a t i o (per cent) 81.6 78.8 74.3 77-5 64.o 74.0 76.O 78. o 55.7 54.2 56.7 72.7 74.6 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 correspondents b,c41 23,393 7,801 8,786 4,352 3,285 11,250 2,625 3,531 3,202 2,874 5,66b 83,009 F.R.notes on hand (notes r e c ' d from P.R.Agent l e s s notes in c i r c u l a t i o n ) 19,o64 13 ?,3Z 31,071 I f , 289 10,087 20,037 17,420 5,037 2,841 6,134 4,779 49,523 329,211 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AC-ENTS F. R. notes r e c ' d from Comptroller 223,500 737,014 20c,584 278,078 120,462 226,210 413,566 65,991 87,031 119,164 58,374 290,133 2,826,107 F. Re notes held by F. R, Agent 48,800 .226 i jb0 29,520 56,600 26,140 44,9b0 231.937 23,980 1 9,968 48,290 15,087 53,500 825,142 F.R. notes issued to F. R. Bank 174,700 510,o54 I f7,Ob4 221,478 94,322 181,250 181,629 42,011 67,063 70,874 43,287 236,b33 2,000,965 Collateral held as s e c u r i t y f o r F. Re notes issued to F.R. Bank: Gold and gold c e r t i f i c a t e s 35,300 186,698 1,200 8,780 24,890 12,655 11,045 13,052 17,226 310,846 G-ol d re dempt i on fund 13,513 26,617 11,167 13,886 2,603 9,270 3,822 1,006 1,638 3,727 2,450 18,263 107,962 Gold fund - F. R. Board 64,000 116,000 109,389 1 70,000 28,500 113,000 125,645 3,200 48,000 42,860 5,000 164,306 989,900 E l i g i b l e paper 62,906 211,632 58,321 71,892 52,249 4a,033 J 4 . 5 S 4 34,026 11,509 27,584 19,836 61,346 754,218 Total c o l l a t e r a l 175,719 540,947 180,077 264,558 108,242 182,958 224,051 49,277 74,199 74,471 44,512 243,915 2,162,926 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 91 days to Within 15 days 16 to 3O days 31 to 60 days bl to 90 days Over 6 months Total 6 montns B i l l s discounted 391,088 29,551 43,601 27,087 3,146 502,425 7,952 B i l l s bought in open market 111,474 66,139 72,552 29,571 4,784 284,520 C e r t i f i c a t e s of indebtedness 48 12,432 99,414 111,894 C. L I A B I L I T I E S
@FedFRASER