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STATE?.™? FOR THE PRESS Released f o r p u b l i c a t i o n F r i d a y morning, Oct. l 4 ; not e a r l i e r . St. 5 5 3 3 Federal Reserve Board, October 13, 1927. CONDITION OF FEDERAL RESERVE EAMKS The c o n s o l i d a t e d statement of condition of the Federal r e s e r v e banks on October 12, made p u b l i c "by the Federal Reserve Board', shows d e c r e a s e s f o r the week of $1*4,800,000 i n "bill and s e c u r i t y h o l d i n g s and of $36*000,000 i n member bank r e s e r v e d e p o s i t s , a n d an i n c r e a s e of $l6,S0Q.,000 i n Federal r e s e r v e note c i r c u l a t i o n . A decrease of $32,200,000 i n h o l d i n g s of d i s c o u n t e d b i l l s was p a r t l y o f f s e t by i n c r e a s e s of $12,200,000 2nd $5,300*000, r e s p e c t i v e l y , i n h o l d i n g s of a c c e p t a n c e s and Government s e c u r i t i e s purchased i n t h e open market. Discount h o l d i n g s of the Hew York bank d e c l i n e d $53,700,000 f o r the week, of Chicago $4,800,000, and of A t l a n t a $4,300,000, while the Federal Reserve Bank of San Francisco r e p o r t s an i n c r e a s e i n d i s c o u n t s of $12,200,000, Clevel a n d $11,800,000, P h i l a d e l p h i a $3,900,000, and Minneapolis $3,700,000. The System's h o l d i n g s of acceptances purchased in open market i n c r e a s e d $12,200,000, of Treasury n o t e s $6,500,000, and of United S t a t e s bonds $2,800,000, while holdings of Treasury c e r t i f i c a t e s d e c l i n e d $4,000,000. 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 f o r the week were i n c r e a s e s of $5,800,000 and $5,300,000, r e s p e c t i v e l y , r e p o r t e d by the Federal r e s e r v e banks of Philadelphia, and Cleveland. A summary of changes in 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 the year ending October 12, 1927, f o l l o w s : Increase or d e c r e a s e during Week Total r e s e r v e s Gold r e s e r v e s + $1,300,000 + 5,700,000 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.C-ovt. 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 . . . 14,800,000 — - 32,200,000 - 91,500,000 273.700,000 49,800,000 - 146,500,000 + 17,600,000 - 127,200,000 + 12,200,000 - 17,000,000 - + + + 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 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 + $158,700,000 + 152,600,000 — 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 . . . . . . Year 5,300,000 2,800,000 + + 6,500,000 202,000,000 205,000,000 - 4,000,000 2,400,000 - 600,000 + 16,800,000 - 22,500,000 - 36,000,000 - 21,400,000 - 24,400,000 + + - 130,700,000 107,200,000 17,800,000 Released, f o r p u b l i c a t i o n F r i d a y morning, October l 4 , 1927; not e a r l i e r . St. 5533a IESOUTCES m > 1LIABILITIES OP THE T'iflLVS FEDERAL HESEEVB 3AUKS COMBINED ( i n thousands of d o l l a r s ) Oct. 12,1927 RESOURCES Oct. 5,1927 — Oct. 13,1926 1,561,864 4 5 695 1,329,143 57,044 1,652,902 1,607,559 1,386,187 661,099 657,497 7C4,384 653's4l 817,152 6'.'5^83 2,971,498 132,396 2,965,754 136,774 2,8x8,922 126.305 3,103,834 3,102,5i;g 2,945,227 Gold with F e d e r a l r e s e r v e agents . . . . 1,6O4,948 Gold redemption f u n d w i t h tJ\ S . T r e a s u r y 4 7 , 9 5 4 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 Gold s e t t l e m e n t f u n d w i t h F. 3 . Board . Gold and gold c e r t i f i c a t e s h e l d by banks Total gold r e s e r v e s Reserves o t h e r t h a n gold Total r e s e r v e s . Son-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 d i s c o u n t e d 50,328 51,150 47,184 192,753 237'4§6 242,557 23 9,§28 339,205 36k'6?6 Total b i l l s discounted . . . . 430,249 462 : ^85 703,901 274,361 262,165 291,312 . . . . 253,780 133,114 118,235 255,972 3.2b,624 122.277 53,803 135,516 118,84-9 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 " 1 510,129 820 504,873 820 308,168 3,700 Total b i l l s and s e c u r i t i e s . . . . 1,215,559 1,230,343 1,307,081 563 775,265 59,77k 13 t 522 5S3 724,370 59,609 13.640 yig 747,408 60,0l4 13 ; 789 5,218,905 5,182,233 5,121,421 P. 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 account . . . . .Government Foreign bank Other d e p o s i t s 1,733,829 1,717,049 1,756,299 2,324,338 12,806 5,369 62,454 2,360,378 37,215 5,382 23,352 2,217,091 30.560 5..894 20,681 Total deposits Deferred a v a i l a b i l i t y items C a p i t a l paid i n Surplus All other l i a b i l i t i e s . 2,404,967 704,844 131,171 228,775 15,319 2,426,327 664,038 1)1,098 228,775 14,946 2,274.226 725 275 123.901 220 J 1 0 21,4-10 5,218,905 5,182,233 5,121,421 B i l l s bought i n open market T J. S. Government s e c u r i t i e s : Sonds 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 Due from f o r e i g n banks Uncollected items Bank premises All other resources TOTAL RESOURCES L I A B I L I T I E S TOTAL LIABILITIES 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 P. R. note l i a b i l i t i e s combined . . . 75-0$ 74.9^ 73.1$ 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 201,956 189,168 43,981 nv • RESOURCES RESOURCES AID LIABILITIES OF THE FEDERAL RESERVE BAMS ON OCTOBER 12, 1927. ( i n thousands of d o l l a r s ) St. 5533b Total Boston New York F h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal Reserve Agents l,6o4,Q4g 129,756 281,214 1 26,191 .219,285 23,250 167,122 273,483 43,715 58,860 55,264 40,553 186,255 Gold-redemption f u n d w i t h U.S. T r e a s . 47,954 5,126 15,087 11,184 2,671 2,768 1,828 985 1J79 1,112 2,l4b 1,245 2,4*23 Geld held e x c l u s i v e l y a g a i n s t ll-K-_5^es 1,652,902 134,882 296,301 137,375 221,956 26,018 168,950 274,468 45,094 59,972 57,410 41,798 188,678 Gold settlement, fund v/ith F.R.Board 661,099 43,500 241,310 47,273 3 7,685 10,266 16,233 140,826 18,943 15,209 30,130 18,849 40,875 Gold and goid c e r t i f . h e l d by banks b57,497 34 j 4 1 4 0 9 J 2 3 27,893 37,137 21,521 7,552 56,228 10,423 7,422 7,522 7,059 31,070 Tot^i^^eserves Reserves o t h e r than gold Total reserves Eon-re serve cash B i l l s discounted; Sheared by U.S.Govt, 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. Sv 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 IPiAl 01 lie r efa se c utrr lAt +i e-! sn r< I°ji^.L-Mlij.^L.securities Due 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 2,971,^98 212.729 132,396 13.029 9 46,934 212,541 296,778 24,237 9,l4o 9,391 57,805 192,735 471,522 4,192 11,825 21,352 74,460 12,909 82,603 3,886 95,062 5,521 67,706 260,623 8,268 8,646 3,103,594 225,7)3 971,171 221,681 306,169 61,997 204,560 492,87 87,369 86,489 100,583 75,974 269,269 1,817 2,759 50,328 5,337 1 5,87 2 930 2,675 2,991 3,940 6,90 3,302 1,295 2,509 192,753 237 >36 18,768 15.164 36,644 83,143 22,348 13 0 # 33,748 20,342 9,760 19 ; 2j34 4,384 18,121 20,93 12,10 12,134 6,671 4,592 1,901 2,227 10,289 2,035 2,762 25,177 34,186 430.249 274,361 33,532 28.873 119,787 d.11,125 35 11 18,805 3,866 6,493 10,186 12,516 9,822 4,797 11,672 59,363 9,588 258,780 133,114 12,415 7,472 44,116 34,402 13 9 18,204 11,424 6,972 11,165 7,369 4,346 19,590 8,021 7,471 17,547 7,196 6,280 26,077 9,748 9,977 510,129 w 820 27,049 — 105,216 — 36,222 ~ 55,585 — 27,455 2 12,988 300 74,227 — 36,600 — 22,880 52O 35,082 31,023 45,802 1,215,559 563 775,265 59,774 13,522 89,854 36 67,742 3,946 122 336,128 212 186,343 16,276 4,429 83,566 126,795 kj 51 59,991 61,982 1,749 7,119 138 l,06l 89,720 25 75,533 2,564 471 38,197 132,284 20 67 34,996 80,774 2,901 8,667 1,447 1,486 59,271 21 55,061 3,957 876 40,079 15 20,807 2,774 1,496 57,420 18 55,760 4,475 498 47,492 114,753 17 34 32,116 44,160 1,827 3,519 619 879 5,218,905 392,795 1,530,431 368,102 505,852 233,301 286,061 723,053 209,857 152,955 221,263 159,862 435,373 c. • RESOURCES'-AND LIABILITIES OF THE FEDERAL RESERVE BANKS OH OCTOBER 12, 1927* St. 9533c ( i n thousands of d o l l a r s ) Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total Boston New York P h i l a . F.E,notes in actual circulation 1,733,829 143,513 365,052 136,435 216,124 69,472 162,898 241,182 49,624 62,175 64,985 48,099 174,264 Deposits: 69,992 66,595 351,526 79,816 55,559 87,616 66,226 184,538 Member bank - reserve account 2,324,338 918 492 1,320 647 950 1,033 1,223 757 G-ove rnment 12,806 897 1,753 2,097 719 1 8 9 704 2 1 9 1,680 153 179 2 0 9 541 265 490 357 Foreign banl: 5,369 383 31 3,997 183 9,579 1,092 14,678 6,248 9,575 174 15,847 945 Other d e p o s i t s 62,454 105 Total deposits 2,404,967 156,321 897,892 141,813 190,095 72,193 78,480 353,814 96,033 62,717 98,330 67,469 189,810 704,844 65,420 162,562 54,799 60,330 72,223 29,136 76,138 47,709 16,509 43,919 31,192 44,907 Deferred a v a i l a b i l i t y items 131,171 9,462 39,697 13,243 13,939 6,253 5,142 17,310 5,293 3,011 4,220 4,280 9,321 Capital p a i d i n 6i,6i4 21,267 23,746 12,19s 9,632 31,881 9,939 7,527 9,029 8,215 16,121 '•'.vcpius 228,775 17,606 780 607 950 773 2,728 1,259 1,016 3,6i4 545 1 , 6 1 8 9 5 6 AL'. other l i a b i l i t i e s 15,319 473 218,905 392,795 1,530,431 368,102 505,852 233,301 286,061 723,053 209,857 152,955 221,263 159,862 435,373 TOTAL LIABILITIES 61.6 74.0 84.7 82.8 60.0 69.3 65.7 Eeserve r a t i o . . ( p e r cent) 75-0 76.9 79.7 75.4 43.8 79.7 75.3 Contingent l i a b i l i t y on b i l l s p u r 57,721 19.152 21,147 10,374 8,179 27,530 8,578 5,985 7,381 6 , 9 2 2 13,965 chased f o r f o r e i g n correspondents 201,956 14,962 F.E..notes on hand (notes r e c ' d from 7,875 7,239 45,835 F.H.Agent l e s s notes i n c i r c u l a t i o n ) 3 7 2 , 0 4 2 30,530 117,477 26,756 34,423. 10,473 28,936 48,645 8,536 5 , 3 1 7 ZEEEBAL RESERVE NOTE ACCOUNTS OF F3E3RAL RESERVE AGENTS 771,609 207,191 271,537 103,205 244,574 433,327 76,260 88,026 110,760 69,765 280,599 F-E.notes r e c ' d from Comptroller 2,901,096 244,243 F B.notes h e l d by F. E. Agent 795,225 70,200 289,020 44,000 20,990 23,254 52,7^0 143,500 18,100 20,534 37,900 14,427 60,500 2,105,871 174,043 482,529 163,191 250,547 79,951 191,834 289,827 58,l6o 67,492 72,860 55,338 220,099 F R.notes i s s u e d to F.R.Bank Cc-i'ic.teral held as s e c u r i t y f o r F . E . n o t e s issued to F.R.Bank: 8,100 12,267 17,313 40,000 40,000 20,084 13,118 Gold and gold c e r t i f i c a t e s 406,332 35,300 215,150 2,615 1,593 4,4o4 3,24o 20,768 3,166 7,6O4 1,483 21,064 8,314 14,285 Gold redemption fund 103,992 15,456 l4l,4oo 272,000 33,000 45,000 50,860 20,000 125,487 1,094,624 79,000 45,000 117,877 165,000 Gold fund - F. E. Board E l i g i b l e paper 674,592 62,805 214,592 32,075 69,723 60,307 24,772 57,918 22,531 16,4io 22,253 16,413 68,793 Total c o l l a t e r a l 2,279,540 192,561 495,806 164,266 289,008 83,557 191,39 4 331,4oi 66,246 75,270 77,517 56,966 255,048 MATUEITY DISTRIBUTION OF BILLS, CERTIFICATES OF INDEBTEDNESS AND MUNICIPAL WARRANTS 91 days to Over o months Total Within 15 days l 6 to 30 days 31 to 60 days 6l to 90 days 6 months 186 3,267 28,740 17,8^5 19,158 361,063 B i l l s discounted 430,249 21,263 3,045 56,081 B i l l s bought i n open market 63,966 130,006 274,361 118,190 C e r t i f i c a t e s of indebtedness 45 118,235 20 20 Municipal '-7arrants DigitizedC. for FRASER L I A B I L I T I E S
@FedFRASER