The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ipffpl STATEMENT FOR THE PRESS Released f o r cublic i t i o n ° 0 r d ? F ' S « p t . 17; not e a r l i e r . g t 50Q4 Feder.il Reserve Btord, September 16, l ^ b . CONDITION 05 FEDERAL RESERVE BAMS Largely as a r e s u l t of trie Treasury's f i n a n c i a l operations, the consolidated statement oi condition of the Federal reserve banks on September 15, made public oy tne Federal Reserve Board, snows a decline of $45,700,000 i n holdings of tiisf 1 ° ^ t ^ n ' 1 b ^ S - a n d i n c r e a s e e o f $162,000,000 in member bank reserve deposits and Z±T3,TUO,UUO in Government s e c u r i t i e s , holdings of which on September 15 i n cluded 3-192,000,000 of temporary c e r t i f i c a t e s issued by the Treasury to tne Federal reserve banks pending the c o l l e c t i o n of the quarterly installment of taxes. i-ederal reserve note c i r c u l a t i o n declined $22,500,000, while cash reserves i n creased $3,100,000 and non-reserve cash $6,900,000. The New York bank shows a decrease of $46,200,000 in discount holdings, San j r a j x i s c o a d e c l i n e of $9,900,000, Minneapolis $5,900,000, and Chicago $5,500,000. Cleveland and Atlanta reserve banks, discount holdings increased 5°0,°C0 each, at Boston $3,700,000, and at Philadelphia $3,400,000. Open-market •acceptance holdings of the New York bank declined $5,400,000, while those of Boston increased $3,600,000, the System as a whole showing a reduction of $3,500,000 i n t h i s item. Total holdings of Treasury notes were $73*000,000 below l a s t week's t o t a l , while holdings of 0. S. bonds increased $3,600,000 and of Treasury c e r t i f i c a t e s 5,10^,uOO, Of the increase i n the l a t t e r item, $132,000,000 represents temporary c e r t i f i c a t e s issued by the Treasury to the New York bank and $60,000,000 to six other reserve banks pending the quarterly c o l l e c t i o n of taxes. All of tns Federal reserve banks repcrt a smaller v-lume cf Federal reserve x t e s in c i r c u l a t i o n , with the exception cf Richmond and Dallas wiich shew a t o t a l increase of $1,200,000, the principal decreases being: New York $12,400,000 and San Francisco $4,100,000. A summary of changes in tne principal 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 September 15, 1926, foluows: Increase or decrease during Week Total reserves . . . . Gold reserves Year t +$3,100,000 + 1,200,000 + $83,400,000 + 60,000,000 +123,500,000 - 48,700,000 - 56,200,000 + 7,500,000 + 200,700,000 + 77,600,000 + 40,000,000 + 37,600,000 B i l l s bought i n open market - + 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 . . . . . +175,700,000 + 3,600,000 - 73,000,000 +245,100,000 + 78,800,000 6,300,000 - 98,300,000 + 183,400,000 Federal reserve notes in c i r c u l a t i o n . . . - 22,500,000 + 46,500,000 Total deposits Members' reserve d e p o s i t s Government d e p o s i t s +175,000,000 +162,000,000 - 1,500,000 + 187,100,000 + 171,500,000 + 600,000 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 . C. 3,500,000 50,500,000 Released for publication Friday morning, S«pt. 17, 19 2o; not e a r l i e r . St. 50$4a RESOURCES AND LIABILITIES 01 TEE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Sept. 15. 193b Sept. 8. 1426 Sept.16.1925 RESOURCES 1,459,568 1,408,431 Gold with Federal reserve .agents 1,429,24? 48,019 Gold redemption fund with U.S.Treasury . . 61,894 53,954 Gold held exclusively against F.R.notes. 1,462,355 1,491,141 1,537,557 636,567 ''old settlement fund with F. R. Board . . 734,727 696,619 Gold and gold c e r t i f i c a t e s held by banks . 592,530 634 , 353 644,901 2,772,684 2,832,661 2,531,465 109,020 130,501 132,404 Reserves other than gold 2,881,704 2,961,966 Total reserves 2,965,065 51,520 45,483 52,352 B i l l s discounted: 228,594 324,831 Sec. by U. S. Government obligations . . 268,6O9 259,346 259,436 296,926 487,940 6l4,267 565,535 211,962 265,984 262,480 U. S. Government s e c u r i t i e s . . . . . . . 55,418 45,459 49,093 220,418 245,751 147,435 . 10c,oao 4b,407 C e r t i f i c a t e s of indebtedness 291,493 409,249 312,264 488,021 Total U.S. Government s e c u r i t i e s 2,420 3,700 3,700 7,500 Total b i l l s and s e c u r i t i e s . . . TOTAL RESOURCES 1,319,736 648 895,095 59,991 13,476 l,19b,235 6b9 667,549 59,93^ lo,754 1,119,071 707 926,961 bl,370 19,595 5,306,963 4,943,594 5,062,931 1,724,068 1,746,524 1,677,259 2,369,136 4,084 15,641 28,485 2,417,346 802,314 123,787 220,310 19,13s 2,207,165 5,565 11,339 l",235 2,242,324 596,902 123,711 220,310 18,823 2,197,663 3,528 6,152 22,"53 2,230,19% 807 , 583 116,423 217,337 13,591 5,306,963 4,948,594 5,062,931 L I A B I L I T I E S , R. notes in actual c i r c u l a t i o n . . . . deposits: Deferred a v a i l a b i l i t y items TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . . . . 71.6$ 74.3# 73.7^ Contingent l i a b i l i t y on b i l l s purchased tor f o r e i g n correspondents 44,228 44,S<4 34,005 C. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 15, 1926 RESOURCES (In thousands of dollars) Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Gold with Federal Reserve Agents 118,842 352,238 97,80? 180,601 43,595 124,993 178,750 19,064 52,020 4,228 2,351 842 2,409 Gold redemption fund with U.S.Treasl5,956 11,831 9,428 4,455 3,070 Gold held exclusively against F. R. notes 134,798 364,069 107,235 185,056 46,665 1 2 9 , 2 a 181,101 19,906 54,429 Gold settlement fund with F.R.Board45,722 232,842 39,365 65,848 26,564 21,010 148,643 19,266 13,754 Gold and gold cert i f . held by banks 3P, 732 ™ ~ Total sold reserves Reserves ctaer than gold 211,252 11,831 986,404 1 77,200 293,142 25,481 9,867 7,758 84,312 154,499 396,067 6,188 8,807 22, 266 5094b Kans.Cy. Dallas San Fran. Total 51,500 20,860 188,977 1,429 , 247 2,564 2,154 2,606 6l,894 54,064 36,849 23,014 191,583 1,491,141 16,266 30,490 696,619 56,782 17,969 75,443 3,301 95,400 4,541 49,561 252,599 2,832,661 6,588 132,404 7,807 Total reserves 223,083 1,011,885 184,958 303,009 90,500 163,306 418,333 74,751 Non-reserve cash 11,946 4,028 2,744 1,334 5,585 3,664 3,977 10,017 B i l l s discounted: Secured by U.S.Govt, obligations 22,762 98,767 27,071 28,827 11,424 5,325 28,256 10,816 Other b i l l s discounted 47,630 18,489 15,169 34,591 49,490 25,282 25,967 18,763 Total b i l l s discounted 41,54? 146,397 457560 43,996 46,015 54,815 53,538 36,783 24,214 B i l l s bought in open market 37,631 22,503 25,463 11,291 29,094 38,882 7,621 U. S. Government s e c u r i t i e s : Bonds 2,641 762 1,506 708 2,104 1,336 272 20,584 Treasury notes 4,827 27,236 16,912 21,356 3,054 1,489 13,681 11,117 C e r t i f i c a t e s of indebtedness 17,03 156,207 184 37,145 7,808 19,806 2,669 6,297 Total U.S. Govt, s e c u r i t i e s 22,610 186,084 25,428 42,668 1,945 71,410 19,518 7,059 Other s e c u r i t i e s 2,000 700 78,744 1,332 99,941 2,630 57,368 259,187 2,965,065 1,714 3,421 52,352 - Total b i l l s and s e c u r i t i e s f^ue from f o r e i g n banks Uncollected items Bank premises All other resources TOTAL RESOURCES C. - 88,369 - 78,861 4,068 6l 370,112 648 215,709 16,739 2,220 95,491 112,127 - 84,755 1,597 556 - 87,465 7,409 928 - 64,365 - 71,872 2,364 386 86,554163,830 - - 35,241 115,590 2,944 7,933 1,720 829 63,922 - 43,147 4,111 615 4,652 8,778 9,231 13,430 11,306 14,559 3,145 6,086 268,609 296,926 23,377 11,998 23,835 27,013 50,848 27,918 565,535 262,480 3,729 19,64s 7,786 4,606 4,094 8,639 9,713 12,647 1,942 9,532 8,973 813 23,912 18,642 49,093 147,435 291,491 16,486 1,000 30,999 20,447 43,367 428,021 3,700 38,023 58,988 — 16,497 2,943 2,454 - — 53,338 4,667 536 - 55,822 122,133 1,319,736 — 648 35,143 58,077 895,695 3,423 1,793 59,991 13,476 2,879 292 400,027 1,629,259 368,691 514,9b6 232,231 292,851 717,423 190,170 139,993 220,100 152,132 449,120 5,306,963 L I A B I L I T I E S F.R. notes in actual c i r c u l a t i o n Deposits: Member "bank - reserve account Government Forei am bank Other deposits Total deposits Deferred a v a i l a b i l i t y items Capital paid in Surplus All 0t.uer l i a b i l i t i e s 5094c RESOURCES A® LIABILITIES OF THE FEDERAL RESERVE BANKS OS SibPtEwBSR I9, 192o (In thousands of dollars) Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total Boston New York Phila. CIeve. 380,992 l i b , 6 0 6 206,515 76,100 172,945 206,545 47,554 63,453 ob,412 45,654 192,459 1,724,068 146,773 941,795 140,204 191,121 67,872 71,090 356,136 83,354 43,478 90,758 56,831 170,471 2,369,136 151,02b 4,084 10b 308 221 6 491 5O9 1,180 525 32 185 52 439 lfiL 313 15,641 244 184 632 198 148 180 12,295 435 493 350 28.485 76 5.574 ISO 133 1,529 380 548 1,470 17,079 486 835 163 971,201 141,313 192,531 68,527 71,413 358,788 84,441 50,354 92,933 57,176 176,671 2,417 , 346 151,998 802,314 177,834 76,990 77,866 68,293 33,463 100,154 42,151 14,374 4 6,525 36,447 53,690 74,527 4,294 8,569 1 23,787 6,109 5,033 16,653 5,269 3,102 4,189 S,S01 35,732 12,465 13,551 7,615 15,071 220,310 8,700 30,613 9,570 7,501 8,979 59,964 20,464 22,894 11,919 17,020 q46 2.610 lq.iTs 1.281 1.297 2.670 1.155 1.209 l.Ofe 3.536 653 1,609 90S 400,027 1,629,259 368,691 514,966 232,231 292,851 717,423 190,170 139,993 220,100 152,132 449,120 5,306,963 73.7 56.6 69.2 62.7 55-8 70.2 71.6 66.8 74.8 71.7 75.y 62.6 75-y 74.7 TOTAL LIABILITIES Receive ratio (per cent) Xkniixigent l i a b i l i t y on b i l l s pur3,416 chased for foreign correspondents J?.P..-ictes on nand (notes rec'd from J.R. Agent l e s s notes in c i r c u l a t i o n ) 36, 656 F. R. notes rec'd from Comptroller I . R» notes held by F. R. Agent 5. R. notes issued to F.R. Bank Collateral held as security 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 collateral 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 C. 11,595 4,270 4,510 2,38 2 1,798 6,158 1,933 230,329 46,900 133,429 23,43s 14,224 34,980 37,445 4,040 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL 773,890 186,487 276,093 117,599 273,435 420,607 72,544 293,320 33,680 46,140 27,275 65,510 174,617 20,920 480,570 152,807 229,953 90,324 207,925 245,990 51,624 35,300 9,542 74,000 65,759 184,601 171,698 7,710 24,540 156,000 90,097 170,809 56,74 3 523,047 154,550 99 , 578 Within 15 days 409,370 81,131 192,000 36,201 1,432 1,753 1,573 3,102 44,225 6,679 7,944 RESERVE AGENTS 87,361 113,036 17,229 38,680 5,518 40,592 347,295 72,529 288,781 2,912,691 a , 3 5 7 55,700 841,328 70,132 51,172 233,081 2,071,363 74,356 14,156 10,000 304,134 7,945 13,212 8,780 28,805 14,238 3,640 3,704 16,837 92,072 2,790 4,755 3,106 1,819 1,S0S 11,821 3,000 162,140 1,033,041 9,300 37,000 47,860 160,000 12,000 106,COO 175,644 800,852 68,943 55,981 83,866 92,334 44,402 20,503 27,907 35,340 78,265 249,544 99,576 205,659 271,0g4 63,466 72,523 79,407 56,200 267,242 2,230,099 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 91 days to Over 6 months Total 6l tc 90 days l 6 to 30 days 31 to 60 days 6 months 129 565,535 7,134 35,602 62,940 50,160 262,450 11,760 56,445 63,460 49,684 65,030 291,493 34,463
@FedFRASER