The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FCR THE PRESS Released f o r p u b l i c a t i o n Friday morning, Nov. 5; not e a r l i e r . S t . 51^6 Federal Reserve Board, November 4, 1926. CONDITION OF THE FEDERAL RESERVE BANKS 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 3, 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 $70,700,000 i n b i l l and s e c u r i t y holdings and of $24,900,000 i n Federal reserve note c i r c u l a t i o n , and d e c l i n e s of $19,^00,000 i n cash r e s e r v e s and $7,900,000 i n n o n - r e s e r v e cash. Holdings of discounted b i l l s i n c r e a s e d $44,000,000, of acceptances purchased i n open market $24,600,000, and of Government s e c u r i t i e s $2,200*000. I n c r e a s e s of $40,100,000 and $24,600,000 i n discount h o l d i n g s of the New York and Chicago r e s e r v e banks were p a r t l y o f f s e t by the f o l l o w i n g r e d u c t i o n s : Boston $8,400,000, Richmond $6,500,COO, Cleveland $4,900,COO and A t l a n t a $2,900,000. Open-market acceptance h o l d i n g s i n c r e a s e d $23,100,000 a t the New York bank and declined $3,000,000 a t Boston. The System's holdings of Treasury c e r t i f i c a t e s increased $1,100,000, of United S t a t e s bonds $6Q0,000, and of Treasury n o t e s $500,000. All of the Federal r e s e r v e banks r e p o r t a l a r g e r notes i n c i r c u l a t i o n , w i t n the e x c e p t i o n of Cleveland r e d u c t i o n s of $4,000j 000 and $500,000, r e s p e c t i v e l y . were: New York $12,200,000, P h i l a d e l p h i a $4,100,oOO, Chicago $3,600,000 each. volume of Federal reserve and A t l a n t a , which show The p r i n c i p a l i n c r e a s e s and San Francisco and 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 y e a r ending November 3» 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 during Year - $19,400,000 - 16,100,000 + $54,400,000 + 34,700,000 + 70,700,000 + 4^,000,000 + 30,800,000 + 13,200,000 3,200,000 + 39,600,0C0 + 16,800,000 + 22,800,000 + 24,600,000 - + + + 2,200,000 600,000 500,000 1,100,COO - 27,900,000 - 10,400,000 - 107,300,000 + 89,800,000 Federal reserve n o t e s i n c i r c u l a t i o n . . . + 24,900,000 + 42,000,000 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 . . . . - 4,700,000 9> 600,000 5,600,000 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 discounted 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 n o t e s . C e r t i f i c a t e s of indebtedness . . . . . C. + + 10,400,000 3^,600,000 32,300,000 2,500,000 —™ Released for publication Friday morning, November 5, 192b; not earlier. St. 5l46a RESOURCES AT LIABILITIES OF THE TWELVE FEDERAL REVERSE BATTS COMBINED (in t':iousands of dell trs) No?. S.lyEo Oct. 27,192o RESOURCES Gold with Federal reserve agents . . . . Gold redemption tuna witn U.S. Treasury Gold held •exclusively against F.R.notes Gold settlement fund witn F.R. Board . . Gold and gold c e r t i f i c a t e s held by banks Total gold reserves Reserves other tnan sold Total rsdorveo l\*on-re serve cas.i 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 . Total b i l l s discount3d B i l l s bouajht 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 . . . . 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 cn 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 1,337,772 61,931 1,411,623 54,130 1,465,753 727,545 , 030,029 1,332,277 49,994 1,382, 271 753,252 637,040 2 , 5 0 7 , ^ ^ 2,823,327 127,4ti>'- 1 / 130,750 2,772,563 107,718 2,934 , 655 46,957 2,954,077 52,841 2,£80,281 46,901 347,003 323,£95 675,898 332,09& 316,125 315,73S 631,923 307,541 330,229 306,109 47,211 136,416 112,719 46,6ll 135,901 117,662 302,346 300,174 2,500 1,393,703 789,574 °1?T 2,500 — - . . 1,312,£42 . 695,976 60,051 13,961 Bank premises All other resources 1,242,138 05 0 693,558 636,332 342,453 57,632 243,740 28,853 330,225 3,220 3,800 00,047 1,316,036 640 687,010 61,593 5,065,122 5,017,063 5,010,743 1,755,430 i,730,5U 1,713,422 2,207,325 3d,932 12,180 23,976 2,276,419 2,245,629 30,383 11,473 27,515 005,233 124,379 220, 310 23,351 2,216,896 38,546 8,258 17,431 2,281,131 638,465 124,392 220,310 22,254 2,315,000 631,239 116,653 217,337 16.592 5,065,122 5,017,063 5,010,743 c50 TOTAL RESOURCES Nov. 4. 1925 13,752 18,282 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 acccuv.t . . . . Government Foreign bank Other deposits . . . . Total deposits Deferred a v a i l a b i l i t y items Capital paid in All other l i a b i l i t i e s TOTAL LIABILITIES . . . . 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 combined . . 72.gr- 73-6# 71.54 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 40,344 40,945 36,811 C. RESOURCES ANT LIABILITIES OF THE FEDERAL RESERVE: BANKS ON NOVEMBER 3, 1926 (In thousands of d o l l a r s ) Boston New York P h i l a . Cleve. Rich, Atlanta Chicago St.Louis Minn. Gold with Federal Reserve Agents 14Q,642 298,535 98,868 160,565 51,293 117,116 148,570 18,491 50,126 Gold redemption fund with U.S.Treas, 7,925 11,64b 12,173 4,355 2,757 4,538 4,10+ 745 1,567 Gold held exclusively against F. R. notes 148,567 310,181 111,041 164,920 54,050 121,b54 152,734 19,236 51,693 Gold settlement fund with F.R.Board 56,406 281.293 57,041 60,34b 37,229 25,977 132,238 23,816 2l,b09 Gold and gold c e r t i f . held by -banks 31,753 365,984 29,631 44,615 11,018 3,583 62,860 13,15b 6,662 Total old r e s e r v e s 238,726 957,458 197,713 209,881 102,297 151,214 347,332 56,20s 79,964 Reserves other than gold 12, 561 b,226 11,753 21,281 12,773 22,783 7,b55 10,276 2,610 Total reserves 251,307 960,241 205,368 260,157 106,525 162,967 369,113 68,981 82,574 ixon-re serve cas.i 5,102 13,000 988 3,643 2,713 3,55b 7,289 3,215 595 B i l l s discounted: Secured by U.S.Govt, o b l i g a t i o n s 14,235 113,546 23,490 3 8 , 0 6 5 10,336 5,044 35,605 15,447 5,745 Otier b i l l s discounted 9,740 58,657 15,215 30,39 5 25,026 45,417 45,039 29,091 4,755 Total b i l l s discounted 172,403 38,705 69,260 35,364 50,461 130,644 44,538 10,500 23,975 B i l l s bought i n open market 31,254 71,290 26,194 30,024 14,349 33,658 44,912 7,352 13,357 U. S. Government s e c u r i t i e s : Bond s 542 1,322 585 1,121 1,191 284 20,508 1,800 8,563 Treasury notes 4,460 23,675 16,550 21,463 2,662 1,496 13,161 10,190 4,003 C e r t i f i c a t e s of indebtedness 4,956 29,087 2,763 12,958 3,206 107 14,467 7,620 4,920 Total U.S. Govt, s e c u r i t i e s 9,95s 5^,084 19,928 35,542 7,059 1,587 48,136 19,610 17,456 Other s e c v r i t i e s 2,000 ~ — 500 ^otal b i l l s and s e c u r i t i e s 65,127 297,777 86,827 134,326 56,772 86,206 223,692 71,530 41,873 Pue from f o r e i g n banks 650 Uncollected items 69,464 170,499 62,666 61,291 55,945 29,095 86,815 31,470 14,710 Bc-nk premises 4,06s 16,740 1,600 7,409 2,364 2,958 7,933 4 , i l l 2,943 All other resources 105 3,133 337 1,028 550 526 1,399 584 2,253 St. 5i46b RESOURCES TOTAL RESOURCES c. Kans.Cy. Dallas San Fran. Total 49,640 28,656 175,270 1,337,772 6,503 2,200 3,358 61,931 56,143 30,856 178,628 1,359,703 36,895 15,911 35,813 7 59 , 574 5,64b 10,838 32,251 bl 98,664 60,b05 2 4 6 ^ 2 2 , 8 0 7 , 8 ^ ^ 3 5,000 7,50&g^6, Sbjny 127,4H a.»* 103,064 c,047 2,762 13,791 b8,113 253,655 2,934,685 1,339 3,440 46,957 7,15 2 12,412 24 , 746 39,155 347,003 325,895 16,553 19,594 17,710 14,313 63,901 27,425 675;598 332,098 2,672 5,256 10,451 84 a , 941 16,543 47,211 136,416 112,719 28,349 - 21,439 38,86s 302,346 2,500 62,612 55,346 130,194 1,312,842 6R0 28,041 40,557 695,976 1,793 3,464 60,051 363 2,883 13,961 8,539 5,499 11,311 42,423 4,668 500 395,233 1,462,040 357,756 488,354 229,869 285,638 696,241 179,591 144,948 a 5 , 9 3 4 154,995 434,193 5,065,122 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON NOVEMBER 3, St. 514be ( i n thousands of d o l l a r s ) / Boston New York P h i l a . Cleve. Ricn. Atlanta Chicago St.Louis Minn. Kans.Cy. Bail as San Fran. Total F.R. notes in actual c i r c u l a t i o n 151,350 354,573 120,829 205,309 £1,353 171,66b 216,527 46,273 66,b54 68,209 51,275 191,322 1,755,430 Deposits: Member bank - reserve account 154,295 616,164 1 39 , 732 161,867 69,212 66,726 334,161 78,157 51,277 66,556 56,757 167,936 2,207,325 Government 1,953 3,531 2,231 2,276 3,054 4,261 5,294 3,102 1,545 2,498 904 2,233 32,932 Foreign bank 69& 3,605 1,123 l,2b5 62b 473 1,619 50c 378 461 414 516 12,166 Ot-ier deposits 119 14,476 57S 1,297 &7 51 1,019 456 227 251 29 5,356 23,97 6 Total deposits 157,298 £39,776 143,664 ISo,7O5 72,979 73,531 342,093. 62,253 53,427 90,166 58,134 176,393 2,276,419 Deferred a v a i l a b i l i t y items 59,694 156,53s 59,206 57,662 56,069 25,107 57,030 35,151 12,944 43,217 32,555 39,790 605,233 Capital paid i n C.,600 36,160 12,527 13,554 6,099 5,032 16,695 5,334 3,085 4,183 4,304 8,606 124,379 Surpi us 17,020 59,964 20', 464 22,694 11,919 6,700 30,613 9,570 7,501 6,979 7,615 15,071 220,310 All other l i a b i l i t i e s l,u4l 5,029 1,096 2,010 1,430 1,602 3,263 1,310 1,337 1,160 1,062 2,951 23,351 TOTAL LIABILITIES 395,233 1,462,040 357,766 486,354 229,669 265,636 696,241 179,691 144,945 215,934 154,995 434,193 5,065,122 Reserve r a t i o (per cent) 61.4 „ r 71 - .5- " - - - 66.8 ' 69.0 C0.1, 66.1 77-6 66.5 70.3 62.3 53.7 65.5 72.8 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 3,047 11,236 3,609 4,290 2,125 1,604 5,493 1,724 1,253 1,564; 1,403 2,766 40,344 F.R.notes on hand (notes r e e ' d from F.R.Agent l e s s notes in c i r c u l a t i o n ) 3 6 , 6 4 9 90,666 25,039 21,609 12,255 26,242 32,13s 4,537 4,571 5,403 3 , 8 73 36,912 304,916 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS F.R. notes r e e ' d from Comptroller 246,129 765,321 1S4,E6S 274,855 124,697 265,933 452,702 72,170 85,592 113,097 68,325 262,294 2,936,126 T . R . notes held by F. R. Agent 58,100 290,120 36,000 47,940 31,059 6 6,025 204,117 21,360 14,367 39,Us5 13,177 54, 875,780 F.R. notes issued to F.R. Bank 156,029 475,261 143,26s 226,91s 93,608 199,90s 248,665 50,810 71,225 73,612 55,148 225,294 2,060,346 C o l l a t e r a l held a s s e c u r i t y f o r 1 i -v' F.R.not3s issued to F.R. Bank: Gold and gold c e r t i f i c a t e s 35,300 168,695 8,750 28,605 15,222 13,507 19,156 10,000 307,A13 Gold redemption fund 11,342 5,091 11,785 2,988 23,537 7,8.94 2,926 1,619 2,780 3,500 13,932 9er920_4, Gold fund - F.R. Board 94,000 106,000 90,777 140,000 19,500 94,000 145,644 8,300 35,000 4 6,8 60 6,000 151,258 937,369 E l i g i b l e paper 55,229 206,501 55,995 97,855 4s,624 £4,271 175,460 51,900 23,587 33,942 33,693 91,249 958,606 Total c o l l a t e r a l 195,871 505,336 154,563 258,420 99,917 201,357 324,030 70,391 73,713 83,582 62,349 266,519 2,296,37s MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS LIABIL I T I I S 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.FRASER Digitized for Within 15 d a j s 16 to 30 days 532,567 105,231 124 41,394 67,019 31 t o 60 days 61,159 54,735 44,084 (.1 to 30 days 32,664 64,329 9 t, ^ t h s ° 7,553 10,761 Over 6 months 331 74,511 Total 675,898 332,098 118,719
@FedFRASER