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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, May 20;
not e a r l i e r .
St. 5373
F e d e r a l Reserve Board,
May 19, 1927. .
COHDITIOH OF FEDERAL RESERVE BAMS
The c o n s o l i d a t e d statement of c o n d i t i o n of the F e d e r a l r e s e r v e hanks on
May IS, made p u b l i c by the F e d e r a l Reserve Board, shows i n c r e a s e s f o r t h e week
of $23,900,000 i n b i l l and s e c u r i t y h o l d i n g s and of $23,600,000 i n member bank
r e s e r v e d e p o s i t s , and d e c r e a s e s of $11,200,000 i n cash r e s e r v e s and of
$7,000,000 i n F e d e r a l r e s e r v e note c i r c u l a t i o n . 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 $16,200,000 and of Government s e c u r i t i e s $15,200,000, while h o l d i n g s
of acceptances purchased i n open market d e c l i n e d $7,600,000.
The F e d e r a l Reserve Bank of Hew York r e p o r t s a d e c l i n e of $21,000,000 i n
discount h o l d i n g s and Chicago a d e c l i n e of $3,000,000, while the F e d e r a l Reserve
Bank of P h i l a d e l p h i a shows an i n c r e a s e i n d i s c o u n t s of $8,400,000, the St. Louis
bank $7,200,000, Cleveland $6,b00,000, Boston $5,800,000, Richmond $4,100,000,
and Kansas C i t y $3,300,000. Open-market acceptance h o l d i n g s i n c r e a s e d 66,500,000
a t the New York bank and $4,100,000 a t D a l l a s and d e c l i n e d $3,500,000 a t Chicago,
$2,700,000 a t San F r a n c i s c o , $2,500,000 a t Minneapolis, and $2,400,000 at
St. Louis. A l l c l a s s e s of Government s e c u r i t y h o l d i n g s were above the p r e v i o u s
week's t o t a l s , Treasury c e r t i f i c a t e s by $10,100,000, United S t a t e s bonds by
$4,700,000, and Treasury n o t e s by $400,000.
The p r i n c i p a l changes i n Federal r e s e r v e note c i r c u l a t i o n d u r i n g t h e week
comprise i n c r e a s e s of $3,400,000 r e p o r t e d by the F e d e r a l Reserve Bank of Boston
and of $3,100,000 by San F r a n c i s c o , and d e c l i n e s of $4,bOO,000 a t Cleveland and
$2,600,000 a t Hew York.
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 t h e r e s e r v e
banks d u r i n g the week and t h e y e a r ending May 18, 1927, f o l l o w s :
I n c r e a s e or decrease d u r i n g
Week
Total r e s e r v e s
Gold r e s e r v e s
Year
. . .
- $11,200,000
- 13,300,000
+ $246,200,000
+ 242,200,000
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 d i s c o u n t e d
23,900,000
+ 16,200,000
7,900,000
+ 24,100,000
-
171,700,000
31,600,000
11,500,000
20,100,000
B i l l s bought i n open market
-
7,600,000
-
1,000,000
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 i n d e b t e d n e s s . . .
+ 15,200,000
+
4,700,000
+
400,000
+ 10,100,000
-
129,600,000
26,700,000
7^,200,000
28,700,000
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
.
-
7,000,000
+
46,100,000
T o tal 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 . . .
.
+
+
+
27,600,000
23,600,000
7,900,000
+
+
+
72,700,000
53,400,000
5.600,000
C.
e l e a s e d f o r p u b l i c a t i o n F r i d a y morning, May 20, 1927; not e a r l i e r .
S t . 5373a
EE SOURCES AND LIABILITIES
OF THE TWELVE FEDERAL RIS'':.E*rS 3A1IKS COMBINED
( I n thousands of d o l l a r s )
May 18,1927 May 11.1927 May 19, 1926
R E S O U R C E S
3-old w i t h F e d e r a l r e s e r v e a g e n t s . . . . .
"told redemption f u n d w i t h U. S. T r e a s u r y .
1,637.863
50,29^
1,631,5^3
^9 ,235
1,^75,^79
48,330
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
>old s e t t l e m e n t f u n d w i t h F. R. Board . .
l o l d and g o l d c e r t i f i c a t e s h e l d "by "banks .
1/688,157
o28,496
740,217
1,680,778
640,522
748,854
1,523>809
644,552
646,301
T o t a l gold r e s e r v e s
lie s e r v e s o t h e r t h a n g o l d
3.056,^70
l 6 6 , :281
3,070,15'+
164,199
2,814,662
lo2,251
3,223,151
63,724
3,234,353
63,106
2,976,913
57,851
.
249 , 203
209,032
257,083
184,894
260,670
229 J-91
Total b i l l s discounted
B i l l s "bought i n open market
J. 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 i n d e b t e d n e s s . . . . .
458,235
225,493
441,977
233.051
489,861
226,492
75,871
90,789
102,391
71,214
90,369
92,313
102,529
164,988
131,108
T o t a l U.S. Government s e c u r i t i e s
Other s e c u r i t i e s
f o r e i g n l o a n s on g o l d
269,051
1,800
-
253,896
1,800
-
398,625
3,835
7 »401
554,579
930,724 -
59.548
660
742,211
58,883
13,520
59,5^8
660
656,512
58,883
12,743
5,116,276
5,016,529
4,958,582
F. R. 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:
Member "bank - r e s e r v e a c c o u n t . . . .
Government
F o r e i g n bank
Other d e p o s i t s
1,711,385
1,718,345
1,665,240
2,295,042
25,373
5,188
27,787
2,271,491
17,432
4,494
32,352
2,236,640
19,750
4,950
19>303
Total deposits
Deferred a v a i l a b i l i t y items
Capital paid i n
Surplus
All o t h e r l i a b i l i t i e s . . .
2,353,390
680,228
128,878
228,775
13,620
2,325,7°9
601,162
128,888
228,775
13,590
2,280,643
653,606 .
122,464
220,310
16,319
5,116,276
5,016,529
4,958,582
.
Total r e s e r v e s
Mon-reserve c a s h
B i l l s discounted:
Sec. "by tj. 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
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 f r o m f o r e i g n "banks
Uncollected items
Bank p r e m i s e s
All other resources
. . .
TOTAL RESOURCES
1,12b,264
767"
720,133
59,657
l6,997
L I A B I L I T I E S
TOTAL LIABILITIES
P a t i o of t o t a l r e s e r v e s to d e p o s i t 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 p u r c h a s e d
f o r foreign correspondents . . . .
http://fraser.stlouisfed.org/
C. Bank of St. Louis
Federal Reserve
79*3$
80.0$
l6l,137
156,828
61,97^
RESOURCES
BESOiJEUSiti axO. LIABILITIES Oi* THE FEDERAL RESERVE BME.S ON MAY 18, lHd{.
( i n thousands of d o l l a r s )
Boston
Gold w i t h Federal Reserve Agents 119,636
Gold redemption f u n d w i t h U . S . T r e a s . 6 , 1 1 3
Gold h e l d e x c l u s i v e l y a g a i n s t
F
-
H
-
notes
125,799
Gold s e t t l e m e n t f u n d - . 7 i t h ?.R.Board42,S42
Gold and gold c e r t i f . h e l d by banks31,139
Iotal_goMj^erves
Reserves o t h e r than gold
New York Phi l a .
Cleve. Rich. A t l a n t a Chicago S t . L o u i s :.'inn. Ka.ns.Cy. Dallas San Fran. T o t a l
387,095 116,812 196,655 58,976 154,843 244,111 17,902 53,770 57,299 26,512 204,202 1,6^7,863
10,782
8,385
4,283
2,335
2,368
4,239
1,855
2,274
3,572
1,537
2,501'
50,294
397,877 125,197 200,938
61,311 157,211 248,350 19,757
56,044 60,871
28,099 206,703 1,688,157
222,610
484,369
22,791
5,6lO
l4,31b
6,g4i
19,752
9,011
43,194
29,371
42,651
59,009
33,966
5,236
11,387
Total reserves
221,097 1,138,822 202,998 313,985
^ion-reserve cash
6,849
i4,919
1,709
4,868
B i l l s discounted:
Secured by U.S.Govt, o b l i g a t i o n s 22,007
76,322 3 2,9 5 2 38,967
other b i l l s discounted
17,259
42,052 14,377 11,470
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 :
3onds
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
Total U.S. G o v t ^ s e c u r i t i e s
Other s e c u r i t i e s
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
Dae from f o r e i g n banks
U n c o l l e c t e d items
Bank premises
All other resources
TOTAL RESOURCES
15,^98 131,080
4,659 54,425
13,63b
15,828
199,780 l ,104,856 197,762 302,598 89,712 177,368 433,855 49,221
21,317
39,266
21,833
2,i44
St. 5373b
118,374
59,675
47,329
13,847
8,709
1,664
50,437
19,14-9
628,446
740,217
55,862 273,35s 3,056,870
24,632
19,116
4,239
5,755
99,448 191,475 458,487
6,970
5,190
9,177
68,337
3,852
8i,54o
1,333
99,952
2,304
9,729
16,030
3,301
30.663
25,291
19.599
10,369
14.176
4,793
3.422
6,34o
12.784
1,673
2.723
17,459
24.477
249,203
209.03?
25,759
8,448
33,964
10,162
44,890
28,133
24,545
11,780
8,215
9,898
19,124
9,784
4,396
14,357
41,936
18,377
458,235
225,493
645
24,018
8,951
166,281
64,701 282,309 3,223,151
2,720
3,833
63,724
5,1^5
12,542
16,719
12,694
1,40&
2.381
392
4.335
6,718
10.711
10,110
' 8.253
5,139
3.286
5,847
10,669
4,978
7.529
9,377
6.673
15,668
lO.qQO
90,789
102.^)1
7,376
4i,109
19,351
1,500
33,976
5,997
5,372
300
41,447
23,936
14,272
-
23,176
-
21,643
30,846
269,051
ltg00
49,798 114,470 60,311
2,441
8,218
2,561
_
_
32,155 92,843 33,474
2,898
8,176 3,957
1,805
1,498
878
32,385
1,786
.
13,347
2,774
2,284
5 2,084
2,203
42,953
4,459
846
40,396
2,084
91,159
4,l6o
25,735
1,752
4l9
38,818
3,437
1,259
954,579
59,543
ggg
742,211
58,883
13,520
82,027 103,56 2
5,717
6,312
63,825 71,027
1,737
7,119
174
1,089
=
40,204
3,097
62,001
2,302
349
5,623
7,839
12,937
19,463
219,15%
16,495
660
194,111
16,276
2,880
2,203
l4,107
77,301 94,197
34,4Q5
32,l6p
2,198
3,534
69,025
4,466
71,872
3,9%
39
4,563
9,736
25,631
7,695
5,593
4,188
75,871
377,294 1,603,321 358,187 507,962 214,371 285,762 692,869 173,370 1 3 5 , ^ 9 204,801 137,857 425,033 5,116,276
RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BANKS ON MAY 18, 1927.
St. 5373c
L I A B I L I T I E S
( I n 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 S t . L o u i s liinn. Kans.Cy. D a l l a s San Fran. T o t a l
F.R. n o t e s i n a c t u a l c i r c u l a t i o n
133,724
400,476 l24
56 2
6 8
'°
°5' 9 65,346 169.26U 222,362 42,459 61,926 64,323 36,196 181,545 1,711,325
Deposits:
Member "bank - r e s e r v e account
145,192
903,980 137,101 190,147 69,478 69,047 333,264 77,764
48,061 89,222
58,031 173,755 2,295,042
Government
1,367
7,327
1,855
1,709
1,583
2,239
1,801
2,o44
980
784
2,120 1,564
25,373
Foreign bank
346
1,855
443
488
240
I89
636
198
132
171
161
323
5,138
21
Other d e p o s i t s
_123
=246
153
727
74
q45
26q
_2l
112
20
22
3.915
27.787
Tot a l d e p o s i t s
147,028
934,408 139,552 193,071 71,395 71,549 336,646 80,275 49,291 90,267
•Deferred a v a i l a b i l i t y i t e m s .
69,475
164,636 59,372 66,177 58,451 29,606 82,480 34,387 12,674 36,265 60,351 179,557 2,353,390
28,345 37,860
680,228
C a p i t a l paid i n
9,029
33,745 12,949 13,849 6,209 5,106 17,009
5,293
2,909
4,214
4,251
9,225
123,878
Surplus
17,60b
6i,6l4 21,267 23,7116 12,198 9,632 31,SSI
9,939
7,527
9,029
8,215
16,121
228,775
All o t h e r l i a b i l i t i e s
43.8
3,442
481
i,421
J12.
605 2.491 1.017
1.032
JQ1
JB3
725
13.6m
TOTXL LIABILITIES
377,294 1,003,321 353,187 507,962 214,371 235,762 692,869 l/'3,370 1 35,449 204,801 137,857 425,033 5,116,276
Reserve r a t i o ( p e r c e n t )
78.8
85.3
77.0
73.0
72.7
82.0
79.5
55.7
64.7
73.3
Contingent l i a b i l i t y on b i l l s p u r 67.O
78.2
79.3
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 12,072
44,753 15,453 17,062
8,370
6,600
22,213
6,922
4,829
5,956
5,634 11,26s
161,137
F . R . n o t e s on hand ( n o t e s r e c ' d from
F.R.Agent l e s s n o t e s i n c i r c u l a t i o n ) 25,849
F. R. n o t e s r e c ' d from Comptroller 2 4 4 , 5 7 3
F. R. n o t e s held by F. R. Agent
85,000
F.R. n o t e s i s s u e d t o F. R. Bank
159,573
C o l l a t e r a l held a s s e c u r i t y 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
35,300
Gold redemption f u n d
15,386
Gold fund - F. R. Board
69,000
E l i g i b l e paper
61,149
Total c o l l a t e r a l
180,835
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
Digitized for
C.FRASER
123,479 38,746
28,850 16,616 28,431 57,689
3,298
5,31s
9,673
FEDERAL HESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS
816,035 195,112 274,888 104,936 274,605 463,051 68,497 85,916 100,336
4,705
42,701
385,355
18.672
26.840
59,698 271,146 2,959,293
18.797 46.Q00
36? RSI
523,955 162,312 238,543. 81,962 197,695 280;051 45,757 67,244
73,996
4o,901 224,246 2,096,740
292,080
235,104
32.300
-
36,340
8,780
22.Q74
36,4o8
76.Q10 183.000
16,457
-
PP.740
7,750
13,507
21,991 10,735 12,875 5,508 3,386
2,111
1,852 1,263 3,439
130,000 106,077 175,000 17,000 135,000 242,000 8,300 39,000 53,860
162,160 52.76Q 67.Q0R 31,254 43.880 72,533 35.Q77 18.021 P8.73R
549,255 169,581 264,560 90,230 198,723 316,644 53,879 71,793 86,084
Within 15 days
364,381
127,839
301
18,238 4o,ooo 4 n , 6 o 4
2,274 19,596 100,416
6,000 144,606 1,125,343
18.SQ7
6o,o4q
653.181
45,209 264,251 2,291,044
MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS
l 6 t o 30 days
31 t o 60 days
Si t o 90 days
91 days t o
Over 6 months
o months
22,044
34,988
19,480
16,210
1,132
43,906
36,401
8,654
3,693
58,029
19,707
24,354
Total
458,235
225,493
102,391
@FedFRASER