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STATEMENT FOR TIHC PRESS • Released f o r p u b l i c a t i o n Friday morning, Oct. 15; not e a r l i e r . S t . 5121 Federal Reserve Board, October 14, 1926. CONDITION OF 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 tha Federal r e s e r v e banks on October 1}, 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 $100,200,000 i n b i l l and s e c u r i t y h o l d i n g s , accompanied w i t h i n c r e a s e s of $25,300,000 in Federal r e s e r v e note c i r c u l a t i o n , $14,400,000 i n d e p o s i t s , and $3,200,000 i n cash r e s e r v e s . Holdings of discounted b i l l s i n creased $£0,300,000, of a c c e p t a n c e s purchased i n open market $18,100,000, and of Government s e c u r i t i e s $1,800,000.' The Now York r e s e r v e bank r e p o r t s an increase of $52,400,000 in d i s c o u n t holdings as compared with the d e c l i n e of $45,SCO,000 reported a week ago; the Boston bank shows an i n c r e a s e cf $17,200,000, Cleveland of $15,300,000, and P h i l a d e l p h i a of $6,900,000, while the Chicago bank shows a r e d u c t i o n of $7,000,000, Dallas of $3,500,000, S t . Louis $3,400,000, and A t l a n t a $3,000,000. The New York r e s e r v e bank a l s o shows an i n c r e a s e of $16,500,000 in open-market acceptance h o l d i n g s . Most of the F e d e r a l r e s e r v e banks report a l a r g e r volume of Federal r e s e r v e notes i n c i r c u l a t i o n t h a n a week ago, the p r i n c i p a l i n c r e a s e s b e i n g : P h i l a d e l p h i a $10,100,000, Cleveland $7,500,000, and New York $3,200,000. A summary of changes i n tho 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 reserve banks d u r i n g the weak and the year ending October 13, 1926, f o l l o w s : I n c r e a s e or decrease during Week Year Total r e s e r v e s Geld r e s e r v e s + $3,200,000 + 5,600,000 + $75,400,000 + 52,900,000 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 +100,200,000 + 80,300,000 + 50,500,000 + 29,800,000 + + + + 31,500,000 60,400,000 31,000,000 29,400,000 B i l l s bought i n open market +18,100,000 + 4,300,000 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 indebtedness + 1,800,000 + 300,000 + .100,000 + 1,400,000 - 28,100,000 1,800,000 -125,600,000 + 99,300,000 Federal r e s e r v e notes i n c i r c u l a t i o n . . . + 25,300,000 + 40,200,000 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 + 14,400,000 + 5,200,000 + 7,000,000 - 14,000,000 12,700,000 2,100,COO C. . Released f o r p u b l i c a t i o n Friday u c r n i m , Oct. 15, 152b; not e a r l i e r . St."5121a RESOURCES AMT: LIABILITIES 01 THE TWJBLViS I^ERaL RESERVE BAMS COMBINED ( i n trie usand6 of d o l l a r s ) Oct. 13, 192b Oct. 6, 192b Oct. 14, 1925 RESOURCES Gold with Federal reserve agents . . . . 1,329,143 1,383,19b 1,372,943 Gold redemption fund with U.S. Treasury 57,0)44 o2,930 37,112 Gold held exclusively a g a i n s t F.R.notes 1,386,187 1,44b,12b 1,430,033 Gold settlement fund with F. R. Board . 817,132 ' *745,429 733,061 Gold and gold c e r t i f i c a t e s held by banks 615.383 621,789 602,348 Total geld r e s e r v e s 2,818,9 22 *2,813 , 344 2,7ob,0b4 Reserves other than gold 126,305 128,674 103,723 Total reserves 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 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 : 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 on gold Total b i l l s and s e c u r i t i e s . Due f r a n f o r e i g n banks Uncollected items . Bank premises All other resources . . . . . . . . . TOTAL RESOURCES • 2,943,227 47,184 *2,942,018 50,44l 2,£69,787 48,043 339>205 286,717 703,901 291,312 623,589 273,262 308,213 335,335 643,5^8 287,014 53,203 133,316 llg,S49 53,53? 135,379 117,419 55,63S 261,122 -.19,473 }C£, 1b8 3,700 - 306,335 3,700 - 1,3G7,081 1,2v6,88o 1,^75,bl5 713 747,408 60,014 13,729 717 *731,422 60,012 13,^09 639 920,079 61,535 18,583 5,121,421 5,004,903 5,194,283 1,756,299 1,730,973 1,715,532 2,217,091 5,894 20,681 2,274,226 725,275 123,901 220,310 21,410 2,211,909 23,557 6,586 17,795 2,259,847 649,483 123,855 220,310 20,437 2,229,823 32,643 7,091 18,622 2,288,181 840,828 116,487 217,237 15,41% 5,121,421 5,004,903 5,194,283 364,696 334,872 '£> b, 23 3 2,420 o,400 L I A B I L I T I E S F. R. notes i n a c t u a l c i r c u l a t i o n . . Deposits: Member bank - reserve 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 in Surplus All other 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 to deposit 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 purchased for f o r e i g n correspondents C. 36,560 ' 73*1$ ^3,98! 73*7$ 71-7% 45,325 36,276 *Revised f i g u r e s . RESOURCES AND LIABILITIES OP THE FEDERAL RESERVE BANKS ON OCTOBER 13 ( I n thousands of d o l l a r s ) RESOURCES a,' aar, sns U oth9rLU;;;. se5 rlt13s Due f roiT"f o r e i g n '^"FeF^s ^ ^212 5/,044 VZ. " _ ^ * g j , y § § • $ g - g s s : : : : as ss s e ss % ;s : : s : i:8 e l ' £ j3a ) 7,059 m 4!48gg •:« "*j ,«|JS s i :8S 9 670 56,024 : tS -* ^ ^ *.**'*.*> w ».& 1 87 »9*5 « TOTiiL RESERVES „v I S I s 'IS S '&g I f »S %:§ £S 'gS 'f J:S t s •SS-a'Wf • x - * s * s S:S 'i;S Tx'lSTS "3 t s 1:5 '55 "iS "Z% "IS »;S'% - £ » s » : « Ss-Ci R, 5 % "Si i s 'tlT^Ei "is-'m Gold held e x c l u s i v e l y a g a i n s t s: ~S*Se» Krs~S~ 1026 " 397,307 2,000 5^,225 135,115 : b 5,530 700 86,080 176,720 - 58,946 1,000 48,816 - 56,009 -' 3,700 50,417 1 28,380 1,307,081 "li is % "•'§ % "i "S # is % -jg # 1,496,909 351,480 502,823 228,848 294,044 697,419 188,385 145,197 216,727 155,985 443,297 5,1a,4a RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 13, 1926 St. (In thousands of d o l l a r s ) Boston New York P h i l a . CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total F. R. notes in actual c i r c u l a t i o n 151,711 381,7^2 121,526 ai,O33 79,295 1 75,905 213,869 46,482 65,104 67,26s 51,047 191,317 1,756,299 Deposits: Member bank - reserve account 145,609 Government 2,017 % Foreign bank 479 .1,318 599 674 3 g 252 863 271 202 246 221 _ 435 5^94 Other deposits 11,214 92 115 838 959 305 221 1.17b -10 5*513 20. bSl Total deposits 148,197 1 c n ' n S f 1 8 7 , 5 1 3 7 0 , 7 1 3 7 ° ' 9 1 3 338,764 84,359 53,896 91,833 57,285 178,162 2,274,226 Deferred a v a i l a b i l i t y items 70,575 Capital paid in 5,500 Surplus 17,020 All other l i a b i l i t i e s 1,004 L I A B I L I T I E S % % w: TOTAL LIABILITIES 3 ^J'3°^ Reserve r a t i o (per cent) 77-2 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 3,443 F.ffi.notes on hand (notes r e c ' d from F.R,Agent l e s s notes i n c i r c u l a t i o n ) 3 4 , 9 0 S F.fi; notes r e c ' d from Comptroller F.R. notes held by F. R. Agent 231,719 45,100 F.R. notes issued 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.notes issued to F.R.Bank: Gold and gold c e r t i f i c a t e s Gold redemption fund Gold fund - F.R. Board E l i g i b l e paper Total c o l l a t e r a l 186,619 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 35,300 18,732 79,000 78,3 25 211,357 mS I P ! i i i i i r i ' i m m i i i i 351,480 502,523 228,848 294,044 78.9 72.3 11,090 4,304 72.5 4,847 92,072 28,347 18,177 63.7 67.8 2,401 1,812 697,419 168,385 145,197 216,727 158,985 443,297 74.8 60.9 61.4 65.3 65.4 69.7 6,207 1,943 1,450 1,767 12,901 28,959 31,570 3,277 6,055 6,51s FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 473,814 149,873 lS oh?of ~r\rtC 2 : 0 : 6 9 9 514,518 154,098 Within 15 days 552,134 91,107 1,475 ll k°& « a im 229,210 92,196 204,864 ,!'78? 28,805 lU ',237 245,439 " 49,759 71,159 73,786 7,945 13,507 - 1,526 5,121,421 ' 73'1 3,126 43,981 4,952 39,107 306,343 55,999 230,424 2,063,142 19,156 10,000 1 306,428 1 I'll II? I I J;! !;! I;! 100,429 206,200 287,048 79,608 57,549 262,511 2,276,429 271,881 58,223 72,707 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 91 days to l 6 to 3O days 31 to 60 days 6l t o 90 days Over 6 months 6 months 42,886 65,550 37,634 5,442 255 . 55,152 76,556 55,991 12,506 43,811 247 73,316 Total 703,901 291,312 118,849
@FedFRASER