The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Eeleased for publication F r i d a y m o r n i n g , O c t . 29; not e a r l i e r . STATEMENT FOR THB PS3SS St.9138 Federal Reserve Board O c t o b e r 28, 1 9 2 6 . CONDITION OF THE 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 t h e f e d e r a l r e s e r v e b a n k s on O c t o b e r 2 7 , made p u b l i c b y t h e F e d e r a l R e s e r v e Board., shows a n i n c r e a s e of $ 5 3 , 2 0 0 , 0 0 0 i n b i l l a n d s e c u r i t y h o l d i n g s , a s c o m p a r e d w i t h t h e r e d u c t i o n of $ 1 1 8 , 2 0 0 , 0 0 0 r e p o r t e d t h e p r e c e d i n g w e e k , a n d of $ 2 3 , 6 0 0 , 0 0 0 i n d e p o s i t s . Only n o m i n a l c h a n g e s w e r e r e p o r t e d i n t o t a l c a s h r e s e r v e s a n d i n F e d e r a l r e serve note c i r c u l a t i o 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 w e r e $ 4 5 , 3 0 0 , 0 0 0 a n d of a c c e p t a n c e s p u r c h a s e d i n open m a r k e t $ 1 4 , 7 0 0 s 0 0 0 a b o v e t h e p r e c e d i n g w e e k ' s t o t a l s , w h i l e Government s e c u r i t y h o l d i n g s d e c l i n e d $ 6 , 8 0 0 , 0 0 0 . The New York r e s e r v e b a n k r e p o r t s a n i n c r e a s e of $ 2 3 , 3 0 0 , 0 0 0 i n d i s c o u n t h o l d i n g s , C h i c a g o a n i n c r e a s e of $ 2 2 , 1 0 0 , 0 0 0 , B o s t o n $ 2 , 5 0 0 , 0 0 0 , San F r a n c i s c o $6,300,000, and D a l l a s $3,700,000, D i s c o u n t h o l d i n g s of t h e P h i l a d e l p h i a b a n k d e c l i n e d $ 6 , 9 0 0 , 0 0 0 , of Richmond $ 5 , 7 0 0 , 0 0 0 , a n d of A t l a n t a $ 2 , 8 0 0 , 0 0 0 . Larger 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 i n t h e open m a r k e t were r e p o r t e d b y most of t h e r e s e r v e b a n k s , t h e p r i n c i p a l i n c r e a s e s b e i n g $ 5 , 8 0 0 , 0 0 0 a t t h e New Y o r k bank and $ 2 , 5 0 0 , 0 0 0 each a t Chicago a n d B o s t o n . The S y s t e m ' s h o l d i n g s of U. S. bonds d e c l i n e d $6,700,000, p r i n c i p a l l y a t the Minneapolis bank, w h i l e h o l d i n g s of T r e a s u r y n o t e s a n d c e r t i f i c a t e s showed l i t t l e c h a n g e f o r t h e w e e k . The p r i n c i p a l c h a n g e s 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 c o m p r i s e i n c r e a s e s of $ 6 , 1 0 0 , 0 0 0 a n d $ 3 , 5 0 0 , 0 0 0 r e p o r t e d b y t h e C l e v e l a n d a n d P h i l a d e l p h i a r e s e r v e b a n k s , r e s p e c t i v e l y , a n d a d e c l i n e of $ 2 , 6 0 0 , 0 0 0 r e p o r t e d b y A t l a n t a . A summary of c h a n g e s i n t h e p r i n c i p a l a s s e t s a n d l i a b i l i t i e s of t h e r e s e r v e banks d u r i n g t h e week and t h e y e a r e n d i n g October 27, 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 reserves Gold r e s e r v e s - $700,000 - 2,500,000 + + $61,000,000 40,800,000 +53,200,000 +45,300,000 +26,200,000 -1-19,100,000 + + + 7,900,000 41,900,000 22,900,000 19,000,000 + 14,700,000 - 21,200,000 - 6,800,000 + 200,000 100,000 + 24,o00,000 9,4OO]OOO 112,600,000 97,400,000 . + 700,000 + 35,700,000 + 23,600,000 + 3,400,000 + 19,100,000 - l6,100,000 10,300,000 100,000 . T o t a l b i l l s and s e c u r i t i e s i l l s discounted, total S e c u r e d b y 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 . B i l l s b o u g h t i n open m a r k e t U. S. Government s e c u r i t i e s , Bon4s total . . . . 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 Federal reserve notes in c i r c u l a t i o n . Total deposits 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. . . Year - 6,700,000 R e l e a s e d f o r p u b l i c a t i o n F r i d a y m o r n i n g , O c t . 2 9 , 1926; n o t e a r l i e r . St. $138a RESOURCES ME LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n t a o u s a n d s of d o l l a r s ) O c t , d j , 192b O c t . 2 0 . 1 9 2 b O c t . 28, 1925 R E S O U R C E S Gold w i t h F e d e r a l r e s e r v e a g e n t s . « i . Gold r e d e m p t i o n f u n d w i t h U . S . T r e a s u r y 1,411,623 1,409,341 51,568 1,377,127 47,770 1,465,753 1,401,109 1,424,897 54,130 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 '•old s e t t l e m e n t f u n d w i t h F. R. Board Sold and g o l d c e r t i f i c a t e s h e l d by b a n k s 727,545 630,029 Total gold reserves 2,823,327 130,750 2,9 5b, 077 Reserves other than gold Total r e s e r v e s Non-reserve cash Bills 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 Total b i l l s discounted . . . . B i l l s b o u e h t i n open m a r k e t 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 i n d e b t e d n e s s . . . . Other s e c u r i t i e s . . • F o r e i g n l o a n s on g o l d 019,140 716,559 641,063 *2,825,Sob 2,782,549 128,925 110,511 52,841 54,926 2,893,060 52,932 316,18 5 *2,954,794 315,738 631,923 307,541 290,035 296,587 296,709 586,622 292,824 589,994 328,717 46,611 •I35,9tt 136,145 117,662 T o t a l U . S . Government s e c u r i t i e s *745,617 53,287 117,532 293,285 56,020 20,260 248,477 300,174 306,964 324,757 2,500 2,500 3,220 3,399 - - 1,158,910 1,^50,057 5,017,063 650 *507,650 cu,039 13,561 640 684,027 61,557 18,120 5,080,560 4,960,423 1,730,511 1,729,833 1 , 6 9 4 , 771 17,431 2,213,488 19,416 6,855 17,797 2,227,212 35,670 12,071 19,3U 22,231,131 ,231,131 2,257,556 2,297,264 6 3 8 , 4 65 124,392 22,254 727,440 124,002 220,310 21,4lo 617,350 116,602 217,837 16,599 5,017,063 5,080,560 4,960,423 T o t a l b i l l s and s e c u r i t i e s . . Due f r o m f o r e i g n b a n k s Uncollected items Bank p r e m i s e s All o t h e r r e s o u r c e s 1,242,138 TOTAL RESOURCES 65O 693 , 558 60,047 13,752 L I A B I L I T I E S 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: 2,216,896 Government . . F o r e i g n bank . Other d e p o s i t s 38,546 8,25s Total deposits 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 . 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. n o t e l i a b i l i t i e s combined . . , 73-6$ 74.1# 72.5$ Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents . 40,945 42,8:3 36,849 C. *Re v i s e d f i g u r e s . RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 27 ( i n t h o u s a n d s of d o l l a r s ) R E S O U R C E S Boston Geld h e l d e x c l u s i v e l y a g a i n s t R, n o t e s , ™ 8 : 1 4 9 '378 New York Phila. Clave. 16 381,705 98,957 164,300 ° l i:gg R i c h . A t l a n t a Chicago S t . L o u i s n-z #* & 49,9S£ 120,275 1 6 3 , 7 5 7 %% gg s:y as as dJ.gcoraited u s S tever!mJnt s™cruieL Sisri MLLiLg^goyt, securities Other s e c u r i t i e s Pue f r o m f o r e i g n b a n k s EEtir.. TOTAL RESOURCES Q+ 5 °:^ Minn. K a n s . C y , D a l l a s San F r a n . 49,913 56,461 104,574 741 2,464 78,274 *;s as ;:gj 31,35b 180,736 • te 8S * :5 si 9,b09 86,015 a ' w l} - 701 65O - 4s8 5,716 1 3,449 17,64s : Total 1,465,753 250,513 2,954,077 1,713 3,252 52,£41 64,251 ,:-s gg %% 14,151 : 26,869 631 Q23 307!541 £5 3 '•» 11 'iS :i i l 1B *£ I t 54,054 19,923 34,690 7,060 2,000 76,310 234,662 £8,859 136,960 62,627 - ^'*3 4u r i 7--H r»:g !S_EH s 1:%Toll i?0: 3^,405 132,347 40.93.6 74,122 4l,s66 53,350 106,081 42,171 12,099 13,962 20,070 62,534 0 C. 18,927 245,S16 1,023,929 193,064 232,52b 100,764 1 6 2 . S 1 5 3 7 7 , 3 5 5 70,163 5,4as 16 6b4 751 2 661 ' ' 2.K2 4,047 9,115 3,323 totSUMSOtt U 1926 : 1: 1,866 47,602 19,610 17,486 27,999 21,172 18,g6g -300174 500 „ g^OO 90,045 198.371 67,497 43,534 59.609 55,393 128,271 1,242 ^ 8 « . ' m ' S '11 § a "i "I -:E Is "1 -s If t l 3 9 7 , 9 2 c 1 , 4 6 3 , 0 5 5 3 4 5 , 3 7 1 495,056 2 2 2 , 4 2 1 2 8 7 , 9 9 6 679,192 1 7 2 , 6 1 1 142,699 216,681 151,846 430,207 5,017,063 RESOURCES AM> LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 27 10 26 s t . 5133c S ( I n thousands of d o l l a r s ) Bost on New York P h i l a . CI e v e . Rich. A *+•t l a n t a C n i e a g c S t . L o u i s Minn. R a n s . C y . D a l l a s San F r a n . Total F.R. notes in a c t u a l c i r c u l a t i o n 151,273 3 7 2 , 3 6 2 1 1 6 , 7 1 4 2 0 9 , 3 4 6 7 9 , 6 4 5 172,197 212,923 45,71s 65,249 67,494 4 9 , 2 5 3 167,737 1 , 7 3 0 , 5 1 1 Fapooits: member b a n k - r e s e r v e a c c o u n t 150,£44 8 3 4 , 9 3 4 1 3 5 , 5 6 3 153,030 67,717 6 9 , 4 2 1 3 3 0 , 4 9 3 7 9 , 9 0 2 4 9 , 9 3 9 9 2 , 3 1 4 5 6 , 4 4 4 1 6 6 , 2 4 5 2 , 2 1 6 , 8 9 6 Government 5,303 b,933 3,018 1,323 4,126 3,955 5,330 1,749 1,554 1,322 1,773 2,100 38,546 f o r e i g n bank 479 3,652 599 674 334 252 £63 271 202 246 221 4 3 5 5,255 0tner deposits . 102 7,836 72 988 48 90 l.bCO. 253 <49 646 15 5,531 17,431 Totai deposits 156,72s 8 5 3 , 4 3 5 1 3 9 , 2 5 2 1 8 b , 0 1 5 7 2 , 2 2 5 7 3 , 7 4 8 3 3 8 , 2 8 7 8 2 , 1 7 5 5 1 , 9 7 4 9 4 , 5 2 8 5 8 , 4 5 3 174,311 2,281,131 Deferred a v a i l a b i l i t y items 63,013 1 3 7 , 1 1 5 5 5 , 3 5 2 6 1 , 2 5 6 5 7 , 1 1 5 26,730 7 7 , 4 2 9 34,511 1 3 , 5 7 5 40,293 3 0 , 5 4 8 4 1 , 5 2 8 638,465 C a p i t a l paid in 8,300 36,160 12,527 13,554 6,108 5,032 1 6 , 6 9 5 5 , 3 3 4 3 , 0 8 5 4 , 1 8 7 4 , 3 0 4 8,606 124,392 , Surplus 17,020 59,964 20,464 22,894 11,919 8,700 30,613 9,570 7,501 8 , 9 7 9 7 , 6 1 5 15,071 220,310 All o t h e r l i a b i l i t i e s 1,094 4,019 1 , 0o2 1,9 1,409 1,589 3,245 1,303 1,315 1,200 1,073 2,954 22, 254 TOTAL LIABILITIES 397,928 1,463,055 3 4 5 , 3 7 1 4 5 5 , 0 5 6 223,4a 287,996.679,192 178,611 142,699 216,681 151,846 430,207X017,063 Reserve r a t i o (per cent) 583.5 3-5 66.3 79-8 75.4 71.5 66.3 66.2 6s.5 54.9 66.8 59.4 69.2 66.8 664 4 ..5 5 73.6 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 chased f c r f o r e i g n correspondents 3,191 10,463 4,493 3,989 2,225 1,679 5,752 1,805 1,344, 1,637 1,470 2,897 40,945 F . R . n c c e s on h a n d ( n o t e s r e c ' d f r o m 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 ) 3 4 , 5 4 3 104,858 31,729 18,530 13,884 30,515 38,521 5,265 4,740 7,003 T U B L I IE 4,352 43,727 F.R. notes r e c ' d f r a n Comptroller ^ . R . n o t e s h e l d by F. R. A g e n t F . R , n o t e s i s s u e d t o 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: S o l d and s o l d c e r t i f i c a t e s ^cld redemption fund Gold f u n d - F . R . Board E l i g i b l e paper Total c o l l a t e r a l FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 769,340 127,443 274,316 124,058 265,822 456,561 72,343 292,120 3 9 , 0 0 0 46.440 30.529 63.110 2 0 5 . 1 1 7 Zl.l60 185,816 477,220 145,443 227,876 9 3 , 5 2 9 2 0 2 , 7 1 2 2 5 1 , 4 4 4 5 0 , 9 8 3 241,716 55,900 35,300 13,329 94,000 66:701 209,330 168,698 8, 780 23,925 181,000 149,239 10,667 12,344 77,777 140,000 64,102 1 01,030 28,805 4,350 14,500 52,38 9 14,238 3,782 2,971 98,000 155,644 88,129 1 50.470 522,862 152,546 262,154 100,044 204,149 309,085 85,836 15,847 69,989 337,667 113,982 68,982 285,464 2,945,863 39.425 74,49 7 14.777 54,000 877.685 54,205 231,464 2,068,178 7,945 13,507 19,156 10,000 306,429 1,618 863 3,666 4,152 14,433 96,106 8,300 33,000 46,560 6,000 154,007 1,009,082 47,877 25,336 31,345 34,065 29,374 900,057 6 5 , 7 4 0 7 2 , 7 0 6 5 1 , 5 7 1 63,379 2 6 7 , 8 1 4 2,311,680 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS Within 15 days B i l l s discounted B i l l s b o u g h t i n ope a m a r k e t 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 C. 427,139 £0,100 1 6 t o 3 0 days 43,079 62,260 31 t o 60 d a y s 61,099 54,0§2 44,l°3 61 t o 9 0 d a y s 33,131 67,257 - ^onth^ 7,156 13,202 - Over 6 m o n t h s 319 73,559 Total 631,923 307,541 117,662
@FedFRASER