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Released f o r p u b l i c a t i o n F r i d a y morning, May 21; not e a r l i e r . STATEMENT FOR THE P.RESS ' ' s t F e d e r a l Reserve Board, Hay 20, 1926. , 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 the F e d e r a l r e s e r v e ban>s on Jay 19, made p u b l i c by t h e F e d e r a l Reserve Board, shows a n i n c r e a s e of U . 3 , 4 0 0 , 0 0 0 i n h o l d i n g s of b i l l s and s e c u r i t i e s , of $ 4 3 ,1 0 0 ,0 0 0 i n member bank r e Z d e p o s i t s , and of $ 1 0 , 2 0 0 , 0 0 0 i n c a s h r e s e r v e s , t o g e t h e r w i t h a d e c l i n e of 4 ! 0 , 3 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 . Holdings of d i s c o u n t e d b i l l s and of Government s e c u r i t i e s were $13,400,000 and $ 2 , 4 0 0 , 0 0 0 , r e s p e c t i v e l y aoove the amounts r e p o r t e d a week ago, while h o l d i n g s of a c c e p t a n c e s p u r c h a s e d m open market were $ 1 , 7 0 0 , 0 0 0 lower t h a n l a s t week." Discount h o l d i n g s of t h e Boston r e s e r v e bank i n c r e a s e d $ 1 0 , 3 0 0 , 0 0 0 d u r i n g the weak, of the New York bank $ 5 , 2 0 0 , 0 0 0 , and of S t . Louis $ 4 , 0 0 0 , 0 0 0 , w h i l e the F e d e r a l Reserve Bank of Cleveland r e p o r t s a r e d u c t i o n of $12,400,000 and t h e remaining banks snow s m a l l e r cnanges i n d i s c o u n t h o l d i n g s . Open-market a c c e p t a n c e h o l d i n g s d e c l i n e d $ 5 , 7 0 0 , 0 0 0 at t h e Boston bank and $2,100,000 a t M i n n e a p o l i s , and i n c r e a s e d $ 4 , 2 0 0 , 0 0 0 a t New York. The System's h o l d i n g s of T r e a s u r y n o t e s i n c r e a s e d $ 1 ,8 0 0 ,0 0 0 and of United S t a t e s bonds <?1,500,000, w h i l e h o l d i n g s of T r e a s u r y 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 d e clined $1,000,000. The p r i n c i p a l changes 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 d u r i n g the week comprise a n i n c r e a s e of $ 1 4 , 3 0 0 , 0 0 0 r e p o r t e d by the New Ycrk bank and d e c r e a s e s of $5,100,000 r e p o r t e d by C l e v e l a n d , $5,5)00,000 by P h i l a d e l p h i a , and $ 5 , 3 0 0 , 0 0 0 by Chicago. '^ ' 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 r e s e r v e banks d u r i n g t n e week and t h e y e a r ending May 19, 1926, f o l l o w s : I n c r e a s e or d e c r e a s e 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 . + $10,200,000 + 11,100,000 T o t a l 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. G o v ' t , 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 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 . + Jonas + 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 . . - 13,400.000 13,400^000 9,000,000 4^4:0,000 Year - $3,700,000 ' 20,000,000 + 140, 700,000 + 151,500,'000 + 99,500,000 + 51,700,000 1,700,000 - 49,500,000 2,400,000, 1,600,000 1,500,000 1,000,000 + 40,300,000 + 17,000,000 - 86,100,000 + 109,400,000 Federal reserve notes i n c i r c u l a t i o n - 10,300,000 + Total d e p o s i t s . . . . . . . . . . . Members' r e s e r v e d e p o s i t s Government d e p o s i t s + + - 35,000,000 43,100,000 7,700,000 + 104,200,000 + llf,500,000 - 13,000/000 C. 8,500,000 Released f o r p u b l i c a t i o n Friday morning, May 21, 1926; not e a r l i e r . S t . 4954a RESOURCES Aim L I A B I L I T I E S • OF THE TV'ELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) ::: , , RESOURCES May 19. 1926 May 12, 1926 1,523,809 1,518,334 1,581,895 644,552 646,301 646 Q54 6381292 6^4 1*S7 ^qg' 2,814,662 162,251 2,803,580 163,159 2,8)4,621 145,974 2,97b,913 2,966,739 2,980,% Gold_held e z c l u s i v e l y a g a i n s t F . R . n o t e s Gold n e t t l a m e n t fund with F. R. Board . . Gold and gold c e r t i f i c a t e s held by banks . f ^ WrrW Reserves other than gold Tctal reserves 57 discounted a ^ S S L e ^ u m t L ^ 4S9,S6l 476.414 338 402 ' 226 492 . . 398,625 396,262 _ J H 1,126,264 , ?:& 1,112,874 1^997 iI'kOU 4,958,582 4,905,211 4,780,481 1,665,240 1,675,535 " 1 656 474 ' ' ' ^,'026 •:;;; jig Total U.S. Government s e c u r i t i e s : : : : : : : : : : Total b i l l s and s e c u r i t i e s Due from f o r e i g n banks All other resources •551 May 20,1925 — :::::::::::: TOTAL RESOURCES |g 358 382 _ J & 935 560 ' L I A B I L I T I E S F. R. n o t e s in actual c i r c u l a t i o n Perosits: . . . . s e w s . - . - . - . - . . . Total d e p o s i t s J ::::::: m ^ e / i u M m ^ - : : : : : : : : : : TOTAL LIABILITIES . . . . i 2,263,643 J _ a i i 2,2U 5 ,b84 2,176,422 4, j v 8 . 211 4,780,481 H 4,958,582 _ M R a t i o of t o t a l r e s e r v e s t o d e p o s i t and F. R. n o t e l i a b i l i t i e s combined . . . . 75»4$ 75-7% 77 5^ 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 61,974 b4,735 39,007 C. R * S 1 n R - * <* K i S vj U R o a S RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON MAY 1 9 , 1 9 26. ( I n thousands of d o l l a r s ) 3 — ----f—SST" 1 1 ^1"" 8 l ^ S Tsial b i l l s discounted U5.8SJ l7 Skri •JLj.1^1 wvC/Ui U l o S Foreign l o a n , on gold °uritl8S leii^UsjBljecuriUll Due from f o r e i g n banks ee£;:, TOTAL RESOURCES -808 74 -353 U'.lt] 45,990 l^sg 3o:lW ll.'sOl 54,479 ^ *.»5 « . » ' 3 37,183 2 1 PR — '7O3 792 9,343 — 392 4,060 59,538 *1 OfcX) '%6 l"oi4 28,342 84,854 110,583 60,775 62,042 135,549 62,180 - a 3 «.*> 44,233 a^ls 33,441 i 2 56,Sb5 30^00 —- 26,233 7 ,»7 u 1):%7 3,162 1^832 , « 9,252 7 ' ~ 2- 7,'SU ^'Si° 8,520 19,579 220,492 49,aoo 398,625 ;1 If ill # II ,1 gg;?;! «; gg Kg jg gf Sa c. UQRUh ^ b "S 53 ?5 1$ $S jS I S i S i E l i l i S I S " : : : : : : :::i:: % % % t : i:: 0-cld held e x c l u s i v e l y a g a i n s t Other M l L ^ u f o u n i e f St 17 559 ' — 5_6L 68,428 77,866 — . 2,028 269,536 767 23 72 "is -t % tg is 19,528 37,989 33,364 rA-\ 318 137 259 40,6)4 67,362 % -a tg ~5n 3 ' ^ 5 0 , 2 0 3 114 118 1 1 ? 6 ' 2 6 4 ' ~ ' is # 373,857 1,493,517 370,716 479,736 215,184 310,584 646,384 171,503 132,390 203,863 133,624 421,224 4 , 9 5 8 , 5 8 2 L I A B I L I T I E S RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON MAY 19, 1926. ( I n t h o u s a n d s 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 . L o u i s S t . 4Q54c Minn. Eans.Cy. D i l l a s S in F r a n . Total 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 138,579 382,085 136,946 1 9 0 , 7 0 s 71,413 1 8 5 , 1 1 6 1 7 7 , 9 6 6 38,034 61,562 61,844 35,241 185,746 1 , 6 6 5 , 2 4 0 142,680 954 36B 1% 853,106 132,477 1 8 5 , 7 5 6 3,274 1,105 1,285 1,433 460 518 9,246 341 1,085 67,062 775 257 76 76,518 334,386 1,857 2,736 194 664 Id 1,083 81,078 1,344 208 289 50,bll 1,830 155 187 90,911 895 189 119 5 6 , 9 4 2 159,113 2 , 2 3 6 , 6 4 0 1,335 2,3b0 19,750 170 334 4,950 60 0,557 19.303 Total deposits D e f e r r e d a v a i l a b i l i t y items Capital paid in Surplus All o t h e r l i a b i l i t i e s 144,161 b4,560 8,772 17,020 765 867,059 1 4 0 , 3 8 3 188,644 145,947 6 0 , 0 6 0 6 2 , 4 9 s 35,262 1 2 , 1 3 7 1 3 , 4 8 7 59,964 20,464 22,894 3,200 720 1,505 b3,170 56,514 b.Obo 11,919 1,102 78,670 338,869 32,275 80,082 4,931 1 6 , 4 5 6 8,700 30,613 892 2,398 82,919 34,795 5,274 9,570 911 52,783 12,^67 3,145 7,501 1,132 92,114 35,791 4,251 8,979 884 58,507 168,364 2 , 2 5 0 , 6 4 3 27,311 4 1 , 5 0 0 553,606 4,289 8,394 122,464 7,615 15,071 220,310 6fcl 2.149 16.11A TOTAL LIABILITIES 373,857 1 , 4 9 3 , 5 1 7 370,716 479,736 215,184 310,584 646,384 171,503 138,390 203,863 1 3 3 , 6 2 4 421,224 4 , 9 5 8 , 5 8 2 72.1 75.4 Reserve r a t i o (per cent) 81.9 80.9 77.4 76.3 62.2 77.1 77.3 53.2 68.1 57.7 57-9 C o n t i n g e n t l i a b i l i t y on b i l l s p u r 16,638 chased f o r f o r e i g n correspondents 4,746 5,933 6,681 3,310 2,498 2,186 8,555 2,685 1,998 2,435 4,309 61,974 F . R . n o t e a on hand ( n o t e s r e c ' d frcrn 125,220 32,899 21,196 1 5 , 8 0 0 26,681 27,583 F.R.Agent l e s s notes in c i r c u l a t i o n ) l 4 , 7 2 8 5,866 4,850 320,081 5 , 4 7 0 33,999 5,789 FEDERAL REbERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS F . R. n o t e s r e c ' d f r o m C o m p t r o l l e r F. R. n o t e s h e l d by F. R. Agent 201,157 47,850 776,865 212,285 263,434 120,753 2 6 2 , 3 4 7 409,086 269,560 42,440 51,530 33,540 50,550 203,537 64,680 20,780 84,876 113,303 18,464 4 5 , 6 7 0 55,748 278,125 2,842,659 15,037 5 8 , 3 8 0 857.338 F. R. n o t e s i s s u e d to F . R . 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 . R. n o t e s i s s u e d t o F . R . B a n k : Gold and gold c e r t i f i c a t e s Gold r e d e m p t i o n fund Gold fund - F . R. Board E l i g i b l e paper 153,307 507,305 169,845 a 1 , 9 0 4 8 7 , 2 1 3 a 1 , 7 9 7 205,549 43,900 6b,412 67,633 4 0 , 7 1 1 219,745 1 , 9 2 5 , 3 2 1 35,300 12,171 79,000 50,277 8,780 171,698 25,755 8,548 12,362 171,000 112,497 150,000 178,207 52,538 71,288 25,655 1 3 , 2 3 7 2,174 6,70s 3,537 1 8 , 5 0 0 141,000 1 5 5 , 6 4 5 50,722 55,941 74,867 8,045 1,295 8,500 32.817 13,212 1,803 36,000 20,015 3,866 39,360 28.975 18,726 10,000 304,653 2,824 15,399 96,442 3 , 5 0 0 159,382 1 , 0 7 4 , 3 8 4 1 6 . 5 4 4 62.640 6q4,S51 Total c o l l a t e r a l 176,74s B i l l s discounted B i l l s bought i n open market C r t FRASER i f i c a t e s of i n d e b t e d n e s s Digitizedefor 546,660 173,583 242,430 97,051 216,886 234,049 50,677 71,030 7 2 , 2 0 1 4 l , 5 9 4 247,421 2 , 1 7 0 , 3 3 0 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 91 days t o Total Over 6 months "it-hin 15 days 16 t o 3O days 31 t o 60 days 6l t o 90 days 6 months 2,002 49,407 489,36l 26,069 352,257 34,552 25,574 226,492 8,341 54,232 123,897 1,667 38,335 600 131,105 50,203 58,330 21,975
@FedFRASER