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Released, f o r p u b l i c a t i o n Friday morning, Oct. 7; not e a r l i e r . S I M W FOR THE HC5SS st. 5523 Federal Reserve Board, October j , 1927. COUDITIOIT 0? FEDERAL RESERVE BAMS 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 reserve bonks on October 5» made p u b l i c by the xeueral Reserve Board, shows i n c r e a s e s f o r the week of $62,700,000 i n b i l l and s e c u r i t y h o l d i n g s , of $23,800,000 i n member oank reserve d e p o s i t s , and of $11,300,000 i n Federal reserve note c i r c u l a t i o n , and a decrease of $23,o00,000 i n cash r e s e r v e s . Holdings of a l l c l a s s e s "b^Hs and s e c u r i t i e s were higher than a week ago - d i s c o u n t s by $32,200,000, acceptances purchased i n open market by $20,000,000, and Government s e c u r i t i e s by $10,500,000. Discount h o l d i n g s of the jew York bank increased $25,100,000, of San jt±ancisco $11,000,000, and of Cleveland $b,400,000, while the Federal Reserve Bank of St. Louis r e p o r t e d a d e c l i n e i n d i s c o u n t s of $7,700,000 and P h i l a d e l p h i a of $4,100,000. The System 1 s holdings of acceptances purchased i n open market increased $20,000,000,/Treasury c e r t i f i c a t e s $16,000,000, and of United S t a t e s bonds $2,500,000, while holdings of Treasury notes declined $7,900,000. The p r i n c i p a l changes i n Federal reserve note c i r c u l a t i o n f o r the week comprise i n c r e a s e s of $3,600,000 at the Federal Reserve Bank of '•inneaoolis, v 31200,000 a t Richmond, and $3,100,000 at San Francisco, and a decrease of $3,900,000 at the P h i l a d e l p h i a bank. 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 reserve banks during the week and the year ending October 5, 1927» f o l l o w s : Increase or decrease during •7c ek Tear Total r e s e r v e s . Gold r e s e r v e s - 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 . . . , . + + + + 62,700,000 32,200,000 14,500,000 17,600,000 . . . + 20,000,000 J. 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 . . + + - 8,800,000 + 10,500,000 2,500,000 7.900,000 16,000,000 + 4,900,000 Federal r e s e r v e notes i n c i r c u l a t i o n + 11,300,000 - Total d e p o s i t s Members1 reserve d e p o s i t s Government d e p o s i t s . . . + + + 36,600,000 B i l l s bought i n open market T C. - + + $23,600,000 23,100,000 23,300,000 12,700,000 + - — - - + + + + + $160,500,000 152,400,000 23,500,000 161,100,000 46,200,000 114,900,000 11,100,000 19s,500,000 202,400,000 13,900,000 166,500,000 148,500,000 13,700,000 Released, for publication Friday morning, October 7, 1 9 2 7 n o t earlier. St. 5523a ^SOURCES AMD LIABILITIES OF THE T'VELVE FEIEEAL RESERVE BASTKS CCMBI#D (in thousands of dollars) Oct. 5, 1927 RESOURCES Gold with/Federal reserve agents . . . » 1,561,864 Gold redemption fund with U.S. Treasury 45,695 Gold held exclusively against F.R.notes 1,607,559 Gold settlement fund with F. R. Board . 704,384 Gold and gold certificates held by banks 653,841 Total gold reserves 2,965,784 Reserves other than gold . . . . . . . 136,774 Total reserves 3,102,558 Eon-reserve cash . . . 51,150 B i l l s discounted: Sec. by U. S. Government obligations . 242,557 Other b i l l s discounted . . . 219,92s Total b i l l s discounted 462,485 B i l l s bought in open market 262,165 "J. S. Government securities: Bonds 255,972 Treasury notes 126,6 24 Certificates of indebtedness . . . . 122,277 Total U.S. Government securities 504,873 Other securities 820 Total b i l l s and securities . . . Dae from foreign banks Uncollected items Bank premises All other resources . . . . . . . . . . TOTAL RESOURCES Sept. 28,1927 Oct. 6,1926 •1,630,529 48,010 1,678,539 639,749 670,565 2,988,853 137,352 3,126,205 51,593 1,383,196 62,930 1,446,126 745,429 621,789 2,813,344 123,674 2,942,018 50,441 228,011 202,301 430,312 242,143 288,717 334,872 623,539 253,515 134,559 106,278 494,352 273,262 13,640 13,208 53,537 135,379 117,419 306,335 3,700 1,206,886 717 731,422 60,012 13,409 5,182,233 5.072,479 5,004,905 1,717,049 1,705,765 1,730,973 2,360,378 37,215 5,382 23,352 2,336,548 24,507 5,791 2,211,909 2,426,327 2,389,768 664,038 131,098 228,775 14,946 602,290 130,960 223,775 5,122,233 5,072,479 1,230,343 563 724,370 59,609 820 1,167,632 1,049 653,183 59.609 LIABILITIES F. R. notes in actual circulation . . . Deposits: Member bank - reserve account . . . . Government Foreign bank Other deposits Total deposits Deferred availability items Capital paid in . . . . . All other l i a b i l i t i e s TOTAL LIABILITIES . . . . . . Ratio of total reserves 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 foreign correspondents C. 74.9$ 22,922 14,921 76.3% 23,557 6,586 17,795 2,259,847 649,483 123,855 220,310 20,437 5,004,905 73.7# - 189,168 186,455 45,385 RESOURCES RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BAMS OH OCTOBER 5, 192J. (In thousands of dollars) Total Boston How York Phila. Cold With Federal Reserve Agents l,56l,8b4 132,295 24l,2l4 128,825 Gold redemption fund with U.S.Trcas. 45,695 3,363 16,768 9,478 Gold held exclusively against F. R. notes 1,607,559 135,652 257,982 138,303 Go id settlement fund with F.K.Board 704,384 43,817 290,620 49,563 Cold and gold c e r t i f . held by banks 653,84l 33,309 4i3,54o 27,651 Total pold reserves 2,965,784 212,784 962,142 215,517 Reserves other than gold 136,774 14,113 25,607. 8,481 Total reserves 3,102,558 226,897 987,749 223,998 "on-reserve cash 1,028 15,436 51,150 5,737 B i l l s discounted: Secured by U.S.Govt, obligations 242,557 17,397 110,947 i s , 5 0 9 Othvr b i l l s discounted 219,928 14,665 62,538 12,973 Total b i l l s discounted 462,485 32,062 173,485 31,482 "Fills bought in open market 104,528 10,510 262,165 27,467 U. S. Government securities: Bonds 4 2 , 5 6 1 13,368 255,972 12,043 Treasury notes 126,624 7,661 9,207 29,459 Certificates of indebtedness 122,277 28,991 13,619 7,354 Total U.S. Govt, securities 101,011 36,194 504,873 27,058 — — — Other securities 820 Total b i l l s and securities Dae from f o r e i g n banks Uncollected items Bank promises All other resources TOTAL RESOURCES c. 1,230,343 563 724,370 59,609 13,640 86,587 4i 68,960 3,946 120 St. 55231a Clcvo. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 218,984 24,331 163,531 273,483 37,019 59,334 55,319 39,540 187,989 2,222 2,187 1,449 2,054 1,768 885 2,469 1,132 1.920 221,206 42,107 36,170 57,788 23,843 8.014 40,672 189,909 19,111 39,025 7.036 30.501 67,995 81,114 89,645 12.160 4.036 6.135 66,819 259,435 8.063 8.824 38,787 60,219 12,940 134,873 .19,628 9.580 7,191 53,304 14,394 6.501 26,518 164,980 275,537 14,463 21,044 299,483 11,099 62,025 185,111 463,714 310,582 4,129 66,176 197,046 485,884 80,155 6,493 2,983 5,663 25,235 21,155 12,639 26,818 37,874 3,165 23,029 13,198 7,875 21,073 4,4l6 6,225 3,399 3,323 12,947 18,192 24,899 4,151 3,355 9,537 20,212 17,857 42,756 •29,749 16,066 30,252 32,846 13,585 9,113 12,625 6,215 8,615 55-544 27,455 — - 11,935 3,769 300 22,170 43,817 14,314 11,264 15,263 7.132 73,394 36,588 — - 85,150 95,780 74,882 268,259 1,002 2,607 2,852 1,754 766 2,028 3,297 8,826 2,794 12,123 9,415 10,428 1,970 11,139 3,143 36,017 5,H3 47,156 11,674 11,215 26,076 9,460 7,246 4,468 19,562 17,519 7,819 6,995 6,461 7,673 10.265 22,852 35,054 30,975 45,801 11,13s 520 - — 379,024 78,186 114,366 87,456 43,230 134,297 62,077 35,581 57,605 47,762 104,172 16 28 20 22 38 172 23 19 52 75 57 187,254 6 2 , 5 6 6 64,639 58,605 30,4l4 82,595 36,193 17,184 44,170 27,205 44,585 8,602 4,474 1,827 16,276 2,465 2,774 2,901 1,749 7,119 3,519 3,957 6ll 885 1,484 1.987 554 370 4,058 1.435 1,034 125 477 5,182,233 392,288 1,589,969 367,704 501,926 218,562 27s;817 719,430 186,263 143,694 205,210 154,060 424,310 5&S0UECSS AND LIABILITIES OF THH ZS1EBA1 R-RS^TR BANKS Oil OCTOBS , 1A27. St. 5123c 3 (in thousands of dollars) Total Boston Now York Phi l a . Cleve. Rich. Atlanta Chic a o St.Louis "'inn. Kans.Cy. Dallas San Fran. j . e . n o t e s in actual circulation l.yiy.oUg 142,586 3 ) 5 , 5 3 6 130,594 210,829 0 6 , 8 9 5 163,339 239,425 47,501 62,992 64,086 48 , 507 1 73,759 Deposits: "onibor b-nfc - reserve account 2,360,378 152,339 9 24,528 142,205 188,497 72,754 69,524 3%, 130 82,193 52,547 87,392 63,025 174,944 Government 37,215 1,791 22,577 l,4o6 848 1,643 1,577 1,635 1,65s 870 408 1,076 1,316 -oroign "b-oaic 5,382 383 1,693 490 54I 265 209 704 219 153 189 1 79 357 other do >0Bits 23,352 102 15,957 296 974 95 53 1,052 279 447 170 37 3,865 o^-J- deposits 2,426,327 1 54,615 965,365 144,397 190,860 74,757 71,478 353,521 84,359 54,017 88,159 64,317 130,482 Deferred avail oh i l i t y items 664,038 67,569 153,231 57,710 6i,oi3 57,531 2 8 , 4 5 2 74,629 37,940 15,153 3-3,955 28,135 4 3 , 7 1 7 Capital oaid in 131,098 9,466 39,527 13,228 13,939 6,253 5,1)K> 17,329 5.291 3,000 4,220 4,281 9,324 Surplus 228,775 17,5o6 6 i , 5 i 4 21,267 23,746 12,198 9,632 31,881 9,939 7,527 9,029 8,215 15,121 •11 other l i a b i l i t i e s 14,946 446 3,596 508 1,539 9 28 776 2,645 1,233 1.005 758 505 907 TOTAL IHBILITI3S 5,182,233 392,288 1,589,969 367,7o4 501,926 218,562 278,817 719,^30 186,263 143,694 205,210 154,060 424,310 Soscrvo ratio (per cent) 74.9 76.3 74.2 81.5 77-3 46.7 S3• 9 81.9 50.8 72.8 52.9 56.4 75-7 Goatiagent l i a b i l i t y on h i l l s pur- 129,162 l4,119 53,06l 18,072 19,955 9,739 7,718 25,979 8,095 5,548 0,965 6,589 13,178 chased for foreign correspondents L ' " ' "'?• ^ ' i, > V F. R ,nate s on hand I note s roc1 d from F.R.igent loss notes in circulation)335,370 ?9,79S 113,017 33 , 231 39 , 217 7,437 29,915 51,194 9,123 4,974 3,350 6,042 48,074 LI ABI LI I I FEDERAL RBSSRVB NOTE ACCOUNTS OF IS-WML R^S7;RVE AGENTS jT*2.motos roe'd from Comptroller uvE, notes helu by F. R. V ,.ont E-R-netor. ircued to F.R.Baak Collateral hold as security for Z.E..notes issued to P. R.Bank: Gold and &old c e r t i f i c a t e s Gold rodomncion fund Gold fund - F. B. Board Tligible paaer Total collateral B i l l s discounted B i l l s bought in open market Certificates of indebtedness Municipal warrants 2,908,559 246,782 776,533 205,225 272,035 104,286 244,434 435,119 •74,804 35,580 110,335 70,451 282,333 306,250 74,400 292,030 42,000 21,990 29,954 51,230 144,500 18,150 17,5l4 37,900 15,902 5o,500 2,102,419 172,332 434,553 163,825 250,045 74,332 193,254 290,519 56,624 67,966 72,435 54,549 221,333 4o6,63l 35,300 215,150 104,555 17,995 2l,oS4 10,948 1,050,577 79,000 5,000 117,877 705,355 59,529 256,453 37.937 2,257,220 191,824 507,677 155,752 MATURITY DISTRIBUTION 40,000 20,084 18,117 8,100 12,257 17,513 13,984 4,247 9,514 1,483 2,919 2,057 3,459 2,927 lo5,000 135,900 272,000 26,000 45,000 51,060 19,000 57,957 58,000 29,831 5o,s4o 25,351 11,953 22,450 16,731 275,941 82,331 193,352 334,323 62,370 71,287 77,779 56,271 OF BILLS, CERTIFICATES OF IIEfSBTr'-K;!BSS A1TD MUNICIPAL WARRANTS Total Within 15 da^s 16 to 30 dsys 452,485 262,165 122,277 339,835 130,133 1,593 21,277 60,9^4 - 20 20 31 to 60 days 6l to 90 days 30,245 53,775 - 17,950 l4,190 ** ^1 months° 3,007 3,103 120,o84 0vcr 134,o4o 58,304 245,293 ^ months ISO - 40,000 13,949
@FedFRASER