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STATEMENT FOP. TEE PRESS st.5170 Released f o r p u b l i c a t i o n Satofday tr.0mi.a5, 'iSfov. 27; not e a r l i e r . Federal Reserve Board, November 26, l$2b. CONDITION OF FEDERAL RESERV?, BMKS 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 Federal r e s e r v e "banks on November 24, made p u b l i c "by the Federal Reserve Board, shows an i n c r e a s e f o r the week of $60TSOO,000 i n h o l d i n g s cf d i s c o u n t e d h i l l s , arid d e c l i n e s of $7,300,000 i n h o l d i n g s of b i l l s bought i n open market and $ 8 , 2 0 0 , 0 0 0 i n h o l d i n g s of United S t a t e s s e c u r i t i e s , with the r e s u l t that t o t a l h o l d i n g s of b i l l s and securities increased .100,000 to $1,270,700,000* Total d e p o s i t s d e c l i n e d $38,SOO,000, cash r e s e r v e s $ 2 6 , 8 0 0 , 0 0 0 , and non-reserve cash $ 9 , 1 0 0 , 0 0 0 , w h i l e Federal r e s e r v e note c i r c u l a t i o n i n c r e a s e d $23,300,000* Discount h o l d i n g s of the Federal Reserve Bank of New York i n c r e a s e d $58,700,000 during the week, those of Chicago $7,COO<000, of Boston $ 6 , 4 0 0 , 0 0 0 , and of P h i l a d e l p h i a $ 4 , 2 0 0 , 0 0 0 . The p r i n c i p a l d e c l i n e s i n h o l d i n g s of d i s counted b i l l s were r e p o r t e d by St, Louis, $5,500,000," San Francisco $ 5 , 2 0 0 , 0 0 0 , and Minneapolis $ 4 , 2 0 0 , 0 0 0 , Smaller h o l d i n g s of a c c e p t a n c e s bought i n open market were r e p o r t e d by a l l Federal reserve banks except Boston, P h i l a d e l p h i a , Kansas C i t y , and Sac F r a n c i s c o . The Syatem's holdings of c e r t i f i c a t e s of i n debtedness d e c l i n e d $ 5 , 3 0 0 , 0 0 0 , of United S t a t e s bonds $ 1 , 9 0 0 , 0 0 0 , and of Treasury n o t e s $ 1 , 0 0 0 , 0 0 0 . 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 during the week included i n c r e a s e s of $ 9 , 4 0 0 , 0 0 0 at Cleveland, '7,000.,000 at P h i l a d e l p h i a , $4,300,000 at Chicago, and $ 4 , 0 0 0 , 0 0 0 at Few York. The A t l a n t a and San Francisco banks reported r e d u c t i o n s of $ 2 , 3 0 0 , 0 0 0 and $ 2 , 2 0 0 , 0 0 0 , r e s p e c t i v e l y , i n t h e i r note c i r c u l a t i o n . A summary of changes i n the 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 during the week and t h e year ending November 24, 1926, f o l l o w s : Increase or decrease during 'Jeek Year + $97,400,000 21,400.000 + ^5,100,000 — . + 60.Goo,000 B i l l s discounted, t o t a l Secured by U.S.Government o b l i g a t i o n s • + 47,100,000 13,300,000 Other b i l l s d i s c o u n t e d B i l l s bought i n open market 7,300,000 U. S. Government s e c u r i t i e s , t o t a l . . 8,200,000 1,900.000 1,000,000 5,300,000 Federal r e s e r v e n o t e s i n c i r c u l a t i o n . . Members' r e s e r v e d e p o s i t s Government d e p o s i t s W. 55,400,000 2,900,000 10,800,000 + 13,700,000 + - — - • — • 4" 23,800,000 + - 38,800,000 — • — 35,20:),000 1,100,000 83,800,000 18,800,000 32,400,000 10,600.000 131,900,000 + 110,100,000 - 42,500,000 28,500,000 17,400,000 8,700,000 Released f o r p u b l i c a t i o n Saturday morning, November 27, 192b;not e a r l i e r , S t . 517G0 RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands cf d o l l a r s ) Nov. 2 4 , 1 9 2 6 Nov. 1 7 . 1 9 2 6 Nov. 2 5 . 1 9 2 5 Gold w i t h Federal r e s e r v e a g e n t s . . . . Gold redemption fund w i t h U.S. Treasury 1,395,138 54,844 1,397,938 58,396 1,355,463 50,004 Gold held e x c l u s i v e l y a g a i n s t F . R . n o t e s Gold s e t t l e m e n t fund w i t h F. R. Board . Gold and gold c e r t i f i c a t e s h e l d by banks 1,449,982 682,782 696,966 1,456,334 709,237 685,'518 1,405,467 724,029 616*397 ^otal gold r e s e r v e s Reserves other than gold 2,829,730 128,201 2,851,089 133,623 2,745,893 114,642 Total r e s e r v e s Non-reserve cash B i l l s discounted: Sec. by U.S. Government o b l i g a t i o n s Other b i l l s discounted 2,957,931 2,984,712 47,236 56,379 2,860,535 43,948 335,499 292,105 288,198 2JS, JS$ 346,326 2fb',J>8S 627,604 566,987 624,714 340,629 347,882 359,458 45 , 668 112,583 1^1,653 47,63O 113,544 146,956 56,28 5 244,439 , 1,575 299,904 2,544 - 308,130 2,534 - 332,299 3,150 6,500 1,270,681 651 694,469 60,093 14,924 1,225,533 651 854,986 60,084 14,772 1,32b,121 658 6s6,348 61,817. 18,454 5,045,985 5,197,117 4,997,881 1,774,054 1,750,221 1,731,510 2,202,406 28,118 13,883 17,904 2,238,20c: 2,219,213 R E S O U R C E S . Total 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 : 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 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 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 U n c o l l e c t e d items Bank premises A l l other r e s o u r c e s . . . . . TOTAL RESOURCES L I A B I L I T I E S F. R. n o t e s 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 d e p o s i t s . . . . . . . . . Deferred a v a i l a b i l i t y items Capital paid i n TOTAL LIABILITIES 2,262,311 641,028 124,441 220,310 23,841 5,045,935 29,226 12,973 20,713 2,301,120 36,553 12,937 21,181 2,290,724 23,175 622,853 116,844 217,837 18,053 5,197,117 4,997,881 777,322 124,906 220,310 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. note l i a b i l i t i e s combined . . . . 73.3% 73.7$ 71.1# 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 48,587 49,177 39,959 a R E S O U R C E S RESOURCES AND LIABILITIES OF THE FEDERAL RESEnVE BAMS ON NOVEMBER 24, 1926. ( I n thousands of d o l l a r s ) St 7Oh .."BOSlllSij'i"j'S'i'I"sii yltE'lFS IM 1:5 ISl'ir!:! ae^fiSrSi^ iTi*&»^ l,t :-S3r" s i::; i:: % i : : t : : % % ass vs ^ a-ts u g;g sgf % J:is % ; :::: & %%%£?« niaecanees jjg ill %% j|| »'g ^ M lM ' • Gold h e l d e x c l u s i v e l y a g a i n s t 3Q'M ~~^ 1 ' blxl ° dl ———— -frig 47,520 143,972 ^,74l ^MUL-S^GoTt^HcuriLUi Otnar s e c u r i t i e s 9,573 T o t a l b i l l s and g a c u r i t i a s Due from f o r e i g n banks 89,634 - u'~S? G o v S m i e n t t i m J ^ ? ! ! . PoM 6 46,152 7 4 , 5 3 5 35,907 51,590 72,456 28,862 30,903 1 3,754 31,963 45,712 54,447 19,915 2,000 35,503 7,044 1,858 - 47,257 - 275,875 £,51 9 6,929 1 4 1 , 2 4 6 „ 56,705 106,58? 32,841 55,411 1 9 9 , 8 3 6 9 , 774 5,072 17,756 14,427 4 5,645 1 2 , 520 19,763 l b , 4 6 8 - 62,375 544 18 , 557 14 , 578 27,953 , 21,293 3 8 , 7 5 5 34,60^1^,6 _ 28,809 , , 627,604 340,629 299,904" g,544 5 0 , ^ 1 1 3 , 2 4 9 1 , 2 7 0 , 6gl f( _ h s - * « »•! -f is *<1 *i 1# % ie -g TOTAL RESOURCES c. 392,906 1 , 4 8 9 , 7 9 1 355,230 499,345 233,593 281,414 669,548 177,491 1 4 3 , 8 1 2 2 1 4 , 8 2 6 154,549 433,480 5,045,955 ixtiSOURCES AND LIABILITIES OF THE FEDERAL REtiktV/E BANKS ON NOVEMBER 24, St. 5170c ( I n thousands of d o l l a r s ) Boston New York P h i l a . C l s v e . Rich. Atlanta Chicago S t . L o u i s Minn. Kanid.Cy D a l i a s San Fran. 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 151,134 395,253 1 2 5 , 4 5 5 213,432 52,847 166,405 221,561 46,023. 66,771 69,510 49,530 186,133 1,774,054 Deposits: Iv/.'-Giber bank - reserve account 146,145 832,123 1 3 6 , 1 4 0 1 7 8 , 7 0 5 69,692 67,955 321,066 76,7&4 51,351 92,051 59,280 1 6 8 , 8 9 7 2 , 2 0 2 , 4 0 6 Government 5,073 3,4/7 1,560 4,069 2,673 3 , 9 5 3 1,160 1,610 687 910 1,197 1,749 28,118 F o r e i g n bank 906 4,658 1,207 1,360 673 508 1,741 546 407 495 445 577 1 3,£83 Other d e p o s i t s 57 9,233 189 1,039 20q 86 1,075 209 121 152 16 5,518 17,904 Total d e p o s i t s 152,241 849,496 139,096 1 8 5 , 1 7 3 73,44? 72,502 325,044 81,129 5 2 , 5 9 7 93,60? 60,933 177,041 2,262,3^1 Deferred a v a i l a b i l i t y items 62,59b 144,530 56,473 62,066 57,797 27,079 72,061 34,076 12,497 37,302 31,042 41 ^09 641.o?8 Capital paid i n S'%99 36,191 12,569 13,55S 6,093 5,035 16,690 5,312 3,079 4,181 4,304 8^24 i?4;U4l Surplus J'??? 20,464 22,894 11,919 8,700 30,613 9,570 7,501 8 , 9 7 9 7,515 15,071 220,310 A l l other l i a b i l i t i e s 1.H5 4Q57 1,173 2,222 1,485 1,093 3,579 1,3^1 i,3&7 1,24? 1,120 3.102 23 m i L I A B I L I T I E S • TOTAL LIABILITIES 392,906 1,489,791 355,230 499,345 233,593 281,414 669,545 177,491 143,812 214,E26 154,549 433,450 5 , 0 4 5 , 9 8 5 Reserve r a t i o (per c e n t ) 75.2 81.b 72.9 70.0 70.6 bo.8 b?.8 56.1 73.8 0I.9 65.0 73.4 73.3 Contingent l i a b i l i t y on b i l l s p u r chased f c r f o r e i g n correspondents 12,854 4,715 3,772 5,311 2,630 1,985 6,800 2,134 1 , 5 8 8 1 , 9 36 48,88? 1,737 3,425 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 ) 4 0 , 6 l 4 89,763 28,589 1 7 , 4 3 2 1 3 , 7 0 0 29,051 31,273 4,903 5,031 7 , 4 0 2 5,154 4 3 , 8 0 ? 316,719 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS F.R. n o t e s r e c ' d from Comptroller 245,048 770,336 19b;244 2 72,504 125,77 6 2bl,dlO 445,&51 71,82b 8b,250 115,bS? ? 0 , 5 6 l 280,540 2 , 9 4 2 , 0 3 3 F.R. n o t e s h e l d by ?. R. Agent 53,300 285,320 4 2 , 2 0 0 4 1 , 6 4 0 29,229 60,154 1 9 2 , 8 1 ? 20,900 l 4 , 4 4 s 38_> 175 1 5 , 8 7 7 JC.oOD 85l_,f-60 F,R. n o t e s i s s u e d to F.R.Bank 191,748 4 8 5 , 0 1 6 154,044 230,864 96,547 1 9 5 , 4 5 6 252,834 50,92b ?1,802 7 6 , 9 1 2 54,684 229,940 2,090™, 773 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 to F.R.Bank: Geld and gold c e r t i f i c a t e s 35,300 I68,fc9? 8 , 780 28,805 15,222 7,745 13,507 i s , 39b 10,000 306,452 Gold redemption fund 14,261 23,615 1 1 , 4 6 ? 1 3 , 5 3 2 3,065 7,451 2,871 1,061 4,490 4,736 12,975 101,684 1,557 Gold fund - F. R. Board 89,000 1 5 1 , 0 0 0 8 1 , 7 7 ? 1 3 0 , 0 0 0 2 o , 5 0 0 9 1 , 0 0 0 145,644 9 , 3 0 0 40,000 4b,860 6 , 0 0 0 169,921 927,002 E l i g i b l e paper 80,2bl 206,963 6 4 , 8 7 2 1 0 4 , 4 9 5 48,16 2 8 3,46? 1 5 2 , 4 3 3 42 ] 6l 1 17,350 3b,104 23,9114 73,882 939,544 Total c o l l a t e r a l 218,822 550,275 158,116 256,80? 106,535 197,140 300,948 61,317 72,414 87,454 58>076 266,773 2,334,682 MATURITY DISTRIBUTION OF BILLS, CERTIFICATES OF INDEBTEDNESS AM) MUNICIPAL WARRANTS 91 days t o Within 15 days 16 t o 30 days 31 t o 60 days bl t o 90 days Over 6 months Total 6 months B i l l s discounted 494,608 41,032 55,231 27,454 8,804 627,604 475 B i l l s bought i n open market 114,422 101,734 59,899 54,270 10,304 340.629 C e r t i f i c a t e s of indebtedness 500 49,217 141,653 91,936 Municipal warrants 44 44 C.
@FedFRASER