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STATEMENT ft&~§K2 PRESS
Released f o r p u b l i c a t i o n
Friday morning, Sept. l6{
not e a r l i e r . , v
St. 5503
Federal Reserve Board
September 15, 1927.
CONDITION OF FEDERAL RESERVE BANKS
The consolidated statement of condition of the Federal reserve "banks on
September l 4 , made p u b l i c "by the Federal Reserve Board, shows d e c l i n e s f o r
the week of $44,600,000 i n b i l l and s e c u r i t y holdings, and of $13,100,000 i n
Federal r e s e r v e note c i r c u l a t i o n . Holdings of discounted b i l l s declined
$74,200,000, while holdings of b i l l s bought i n open market i n c r e a s e d
$29,400,000 and of United States s e c u r i t i e s $100,000.
Discounted b i l l s h e l d by the Federal Reserve Bank of New York declined
$65,400,000, and by t h e San Francisco bank $26,300,000, while discounts of
the Cleveland bank i n c r e a s e d $12,200,000 and of t h e Chicago bank $7,100,000.
Holdings of acceptances bought i n the open market were l a r g e r than a week ago
a t a l l Federal reserve banks except A t l a n t a , the p r i n c i p a l i n c r e a s e s being a t
the New York, Boston and Richmond banks. The System's holdings of United
States bonds increased $42,500,000, and of Treasury notes $l4,600,000, while
holdings of Treasury c e r t i f i c a t e s declined $57,000,000.
Federal reserve n o t e s i n c i r c u l a t i o n increased $13,900,000 a t the New York
reserve bank, $3,000,000 a t San Francisco, and $2,200,000 at Boston, and declined $2,500,000 at Cleveland and $2,200,000 a t the P h i l a d e l p h i a Federal
reserve 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 t h e reserve
banks during the week and the year ending September l 4 , 1927, follows:
Increase of decrease during
Week
Year
Total r e s e r v e s
Gold r e s e r v e s
- $1,200,000
- 6,000,000
+ $159,000,000
+ 151,000,000
Total b i l l s and s e c u r i t i e s
B i l l s discounted, t o t a l
Secured by U.S.Govt, o b l i g a t i o n s . .
Other b i l l s discounted
-
44^600,000
74,200,000
39,100,000
35,000,000
-
217,800,000
190,200,000
65,800,000
124,400,000
B i l l s bought i n open market
+ 29,400,000
-
35,800,000
U. S. Government s e c u r i t i e s , t o t a l . .
Bonds
Treasury notes
C e r t i f i c a t e s of indebtedness . . .
+
100,000
+ 42,500,000
+ 14,600,000
- 57>000,000
+ 11,600,000
+ 231,100,000
24,300,000
- 195>300,000
- 13,100,000
-
16,500,000
300,000
+ 6,600,000
- 8,300,000
—
+
4$,900,000
44,100,000
8,400,000
Federal reserve n o t e s i n c i r c u l a t i o n
Total deposits
Members' reserve d e p o s i t s
Government d e p o s i t s
. .
.
C.
/
Released f o r p u b l i c a t i o n Friday morning, September l 6 , 192f;nofc e a r l i e r .
St. 5503a
• - RESOURCES MD LIABILITIES
OF THE TWELVE FEDERAL RESERVE BMKS COMBl'UED
( i n thousands of d o l l a r s )
Sept. 1*1.1927
Sept. 7.1927 Sept>15.1926
RESOURCES
Gold with Federal reserve agents . . . .
Gold redemption fund with U.S.Treasury .
G-old held e x c l u s i v e l y against F.R.notes
Gold settlement fund with F.R. Board . .
G-old and gold c e r t i f i c a t e s held "by banks
Total gold r e s e r v e s
Reserves other than gold
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 . . . .
1,579,526
43,238
1,718,761
1,622,764
596,363
694,143
672,786
662,54s
'
Total r e s e r v e s
Uon-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
1,665,739
53,022
2,983,672
2,989,693
135,5*49
i|49i,i4i
596/619
544,901
2,W,66l
ipi,4o4
140,369
3,124,041
3,125,242
2,9^,065
54,339
45,596
-,352
202t«47
17»^7___
241,953
207,531
1,609
,926
449,484
197,306
5J5 ,535
262,480
375,334 I-
226,717
280,188
*
237,700
,093
435
,493
123,181
108,603
499,576
320
499,469
320
1,101,947
12,262
848,897
59,580
1,146,579
689,215
59,579
19,512
1, 519,J 3 6
643
895,,695
59 991
13 476
5,220,757
5,097,990
5,306 963
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
1,707,584
1,720,715
1,724, )6s
2,324,989
2,369,136
5,329
24,674
2,318,415
20,803
5,487
23,054
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 i n
Surplus
All other l i a b i l i t i e s .
2,367,486
771,929
130,731
228,775
14,252
2,367,759
636,403
130,668
228,775
13,670
417,346
802,314
123,797
5,220,757
5,097,990
306,963
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
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
Uncollected items
Bank premises
All other resources
. . . .
TOTAL RESOURCES . . .
96,207
19,691
153,166
12,267
m
p
188 ,021
3 ,700
L I A B I L I T I E S
TOTAL LIABILITIES
12,494
Ratio of t o t a l r e s e r v e s t o deposit and
F. R. note l i a b i l i t i e s combined . . .
76.7%
76.45S
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
182,182
174,107
C.
4, 084
15, 64i
44,228
EE SOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS OH SEPTEMBER l 4 , 1927
St. 5503b
( i n thousands of d o l l a r s )
RE S O U R C E S
Total Boston New York Phi l a .
Cleve.
Rich. Atlanta Chicago St.Louis Minn. Kans.CyV Dallas San Fran.
Gold with Federal Reserve Agents
1,665,739 l40,36S
321,312 133,551 216,282 42,207 152,195 273,621 25,83% 57,644 6 l , 6 l S 35,221 205,286
Gold redemption f u n d with U.S.Treas. 53,022
7,779
16,542 12,010
2,725
1,042
1,882
2,862
1,900
1,133
2,179
1,200
1,768
Hold h e l d e x c l u s i v e l y a g a i n s t
T a . notes
1,718,761 l 4 s , l 4 7
Gold s e t t l e m e n t f u n d w i t h p.R.Board 596,363 43,839
Gold and gold c e r t i f . h e l d by hanks 668,548 29,866
337,854
195,189
440,870
Total gold r e s e r v e s
Reserves o t h e r than gold
973,913 211,358 309,012
25,010 7,911 9,862
'
2,983,672 221,852
i4q,369 13,831
145,561 219,607
36,793
29,004
55,020
34,385
219,269 318,874
900 3*686
58,777
11,493
7,332
63,797
24,829
8,127
13,848
7,081
67,976 170,015 456,596
6,106 12,671 23,539
77,602
4,644
96,753
5,848
57,350 284,999
7,631- 8,979
82,^46 102,601
1,377
2,847
64,981 293,978
2,135
2,780
Total reserves
3,124,04l 235,683
Son-reserve cash
54,339
5,446
B i l l s discounted:
Secured by U.S.Govt, o b l i g a t i o n s
202t°47 l 4 , 6 6 0
998,923
1"5,28S
73,530
25,527
33,248
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
375,334
226,717
27,097
24,765
111,360
38,027
8,443
25,085^29,938
87,128
40,368
14,547
280,188
123,181
96,207
11,242
6,223
5,039
60,136
27,349
24,059
13,746
9,%23
11,825
33,515
13,430
6,372
12,523
7,167
5,942
Total U.S. Govt. s e c u r i t i e s
499,576
320
22,504
111,544
34,994
53,317
25,632
1,101,947
12,262
848,897
59,580
19,691
74,366
900
80,398
3,946
72
5,220,757
400,811
Other s e c u r i t i e s
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 hanks
u n c o l l e c t e d items
Bank premises'
All other r e s o u r c e s
TOTAL RESOURCES
— '
-
310,032
3,586
-
-
81,464 108,232
1,152
1,272
216,888 70,034 87,154
16,276 1 , 7 % 7,119
9>351
363
1,491
36,421 207,054
43,249 154,077 276,483 27,734
18,581
7,915 124,923 l 6 , 2 9 l
6,l46
8,023 55,190 12,221
56,246
14,337
74,082 182,686 480,135 70,583
3,969
3,930
8,696 3,285
1
3.
8,934
"87575 27,118
7,958
'
70,411
624
70,962
2,465
388
524
3,441
1,529
7,992
1,919
9,l%5
5,325
11,953
37,638
23.675
23,993
5,385
3,965
6,463
9,521
7,707
ii,o64
17,278
7,517
14,255
3,020
18,714
11,268
5.618
7,153
3.044
19,981
7,979
5,731
17,991
6,885
4,753
46,891
14,512
11,231
4,706
27,247
11,170
7,887
14,707
72,634
33,202
21,465
33,691
29,582
46,304
19,694 ' 7,138
-
47,642
30,303
6,934
300
-
52,083 133,947
%92 1,656
32,601 102,131
2,901
8,577
1,588
l,46l
8,870
-
62,580
516
38,477
3,957
980
20
31,913
360
17,020
2,774
1.732
1,570,344 37*4,931 527,828 222,901 276,281 736,603 180,378 137,4-22
-
-
50,919 4 g , l 6 3
444
420
46,900 34,132
%»%70 1*827
560
6ll
208,747
—
77,83?
840
52,200
3,519
1,08
152,269 432,242
RESOURCES" MID
L I A B I L I T I E S
F^B.notes i n actual circulation
Deposits:
Member "bank - reserve account
Government
Foreign "bank
Other deposits
Total deposits
Deferred a v a i l a b i l i t y items
Capital paid in
Surplus
JJ3.1 other l i a b i l i t i e s
TOTAL LIABILITIES
) I3
LIABIHITIIISW IPSE" 5
' B2EE31rS
' BSBRVB BASKS OH SEPTS1M
3B1927.
( i n thousands of dollars)
Cleve. Rich. Atlanta Chicago St.Louis
Total Boston Hew York Phila.
360,768 137,353 216,856 63,120 160,914 245,163 43,197
1,707,584 140,742
Minn. Kans.Cy. Dallas San Fran.
58,556 64,140 44,893 171,882
67,692 346,142 80,400 50,448 ss,4o6 59,562 177,645
394
1,188
343
815
698 1,115
429
207
695
217
151
186
176
353
262
,90479 1.002
268
171 "492
121
74,130 68,321 348,654 81,583 51,885 89,513 60,170 183,090
66,390 31,517 90,975 39,120 15,463 4 l , l 4 3 34,136 51,111
6,263 5,143 17,301 5,291 3,002 4,220 4,270 9,229
12,198 9,632 31,881 9,939 7,527 9,029 8,215 16,121
809
585
702
754
2.629
1.248
SB800
374,931 527,828 222,901 276,281 736,603 180,378 137,422 208,747 152,269 432,242
77.8 79.2 77.9 54.0 79.7 80.9 56.6 74.5 66.8 61.8 82.8
51,531 17,335 19,140 9,390 7,403 24,918 7,764 5,417 6,581 6,320 12,640
124,023 32,198 31,988 14,093 27,643 48,535 5,502 5,505 9,894 7,418 49,068
2,324,989 154,617
898,203
12,494
312
5,315
1,687
5.39.
378
17.347
24,67*
8L
2,367,486 155,394
922,552
182,739
771,929 77,160
130,731
9,466
39,386
6l,6i4
228,775 17,606
3.285
14.252
443
5,220,757 400,811 1,570,344
Sgserve r a t i o (per cent)
76.7 79.6
Contingent l i a b i l i t y on b i l l s parchased f o r foreign correspondents 182,182 13,543
F.R.notes on hand (notes rec'd from
F.R.Agent l e s s notes i n c i r c u l a t i o n ) ] ^ , 7 8 0 28,913
St. 5503c
138,756 190,228
115
913
483
534
183
982
139,537 192,657
63,125 79,050
13,204 13,956
21,267 23,746
445
1.563
72,890
857
f'EDEiulL BE SERVE HOTE ACCOUNTS OF FEDERAL RESERVE AGENTS
F.R.notes rec'd from Comptroller 2,900,639 236,255
F.B.notes held by F. B. Agent
808.275 66.600
F.R.notes issued to F.R.Bank
2,092,364 169,655
Collateral held as security f o r
F.B.notes issued to F.B.Bank:
Gold and gold c e r t i f i c a t e s
420,276 35,300
Gold redemption fund
100,046 16,068
Gold fund - F. B. Board
1,145,417 89,000
E l i g i b l e paper
567.211 51.862
2,232,950
192,230
Total c o l l a t e r a l
776,871 206,151 272,734 99,877 249,847 438,898 66,259 85,890 111,334
2Q2.0S0 16.600 21.890 22.664 61.290 145.200 1.7.560 21.829 37,300
484,791 169,551 248,844 77,213 188,557 293,698 48,699 64,061 74,034
215,150
-
38,600
34,868
13,282 5,589
17,218
3,877
1,621
8,500
2,334
12,267
1,377
72,373 284,150
r'0,06? 63,200
52,311 220,950
18,373
40,000
3,758 4,848 14,856
21,162 11,274
57,860
12,000 150,430
1,750
131,100
272,000
15,000
44,000
85,000 122,277 165,000
16.662
18.110
10.176
4
l
.
4
l
4
16.479
59.615
28.716
9.970
184.210 37.517 52.220
505,522 171,068 269,102 83,641 188,674 333,236 54,570 67,614 78,280 53,351 235,662
MATURITY DISTRIBUTION OF BILLS, CERTIFICATES OF INDEBTEDNESS AND MUNICIPAL WARRANTS
B i l l s discounted
B i l l s bought i n open market
C e r t i f i c a t e s of indebtedness
Municipal warrants.
C.
Total
Within 15 days
l6 to 30 days
375,334
226,717
96,207
20
290,860
115,725
33,034
26,386
41,103
31 to 60 days
6l to 90 days
18,911
21,235
20
91 days to
6 months
3,4l4
2,607
Over 6 months
124
63,173
@FedFRASER