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Released f o r p u b l i c a t i o n F r i d a y morning-, Sept. 2; not e a r l i e r . STATBlCEiT.il1 FOR TH3 FZRS3 S t . 5'4c, F e d e r a l Reserve Eoa September 1, 15 2? CONDITION OF FEDERAL RESERVE BAHS 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 F e d e r a l r e s e r v e banks on .august 31» made p u o l i c by t h e F e d e r a l Reserve Board, shows i n c r e a s e s f o r the week of $20,700,000 i n b i l l and s e c u r i t y h o l d i n g s and of $5,$00,000 i n Federal r e s e r v e note c i r c u l a t i o n , and d e c r e a s e s of $11,803,000 i n cash r e s e r v e s , $5,000,000 i n n o n - r e s e r v e cash, and $1] Jl00.,000 i n amounts due from f o r e i g n banks. A d e c l i n e of $13,$00.000 i 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 was more than o f f s e t by i n c r e a s e s of $28,000,000 i n Government s e c u r i t y h o l d i n g s and of $$,300,000 i n a c c e p t a n c e s purchased i n open market. The F e d e r a l Reserve Bank of New York r e p o r t s a d e c l i n e of $23,700,000 i n d i s c o u n t h o l d i n g s and Chicago a d e c l i n e of $^,300,000, while the Boston bank shows an i n c r e a s e of $9,900,000 i n d i s c o u n t s , San F r a n c i s c o of $4,000,COO, and St. Louis of $2,500,000. The System's h o l d i n g s of a c c e p t a n c e s purchased i n open market i n c r e a s e d $$,300,000, of Treasury n o t e s $10,300,000, of Treasury c e r t i f i c a t e s $9,200,000, and of United S t a t e s bonds $8,500,000. The p r i n c i p a l changes i n F e d e r a l r e s e r v e note c i r c u l a t i o n f o r the week comp r i s e i n c r e a s e s of $3,500,000 and $2,200,000, r e s p e c t i v e l y , a t the New York and A t l a n t a r e s e r v e b a n k s , and a d e c l i n e of $2,$00,000 a t Cleveland. A summary of changes i n t h e 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 r e s e r v e banks d u r i n g the week and the y e a r ending August 31, 1927, f o l l o w s : Increase 0 decrease Week during Year Total reserves Gold r e s e r v e s - $11,800,000 - 11 : 900,000 + $179.400.000 + 1$9,$00,000 T o t a l 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 d i s c o u n t e d + + - 20,700,000 13,$00,000 100,000 13,800,000 - B i l l s bought i n open market + $,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 i n d e b t e d n e s s . . . + + + + 28,000,000 8,500,000 10,300,000 9,200,000 + 5,$00,000 - 12,$00,000 6,800,000 6,500,000 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 . 143,700,000 225,800,000 102,900.000 123,000,000 $8,400,000 + + + 153,900,000 166,500,000 118,100,000 105,400,000 2$,500,000 + + - 59,000,000 75.000,000 11,600,000 Released f o r p u b l i c a t i o n F r i d a y morning, September 2, 1927; not e a r l i e r . St. 5 ^ 9 a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL EESEB1ZE BA3JXS COMBINED ( I n thousands of d o l l a r s ) 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 Gold redemption f u n d w i t h U. S. T r e a s u r y . . - Aug. 51, 1927 Aug. 24, 1927 Sept. 1.1926 r 1,6)40,260 36,670 1,676,930 1,655,960 1,395,311 53,622 1,448,933 631,U91 689,502 643,573 710,308 732,71? 646,661 2,997,923 147,813 3,009,841 2,828,311 147,663 138,032 3,145,736 3,157,504 2,966,343 48,050 53,039 49,328 217,817-182,70?- " 217,677 196,480 400,524 185,128 414,157 178,809 320,675 305,673 626,34s 253,481 212,077 99,642 161,095 203,557 89,333 151,931 45,605 217,702 55,657 472,814 444,821 320 1,058,786 12,248 603,'366 59,455 17,747 320 1,038,107 23,629 609,876 59,452 17,032 318,9# 3,700 1,202,493 744 620,052 59,931 16,696 4,945,388 4,958,639 4,915,587 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: Member bank - r e s e r v e account Government Foreign bank Other d e p o s i t s 1,676,440 1,670,831 1,702,902 2,298,880 12,699 5,536 24,168 2,305,727 19,247 4,935 23,973 2,223,902 24,326 15,166 18,926 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 2,341,283 555,002 130,727 228,775 13,161 2,353,882 561,147 130,730 228,775 13,274 2,282,320 568,299 123,490 220,310 is,266 4,945,388 4,953,639 4,915,537 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 Gold s e t t l e m e n t f u n d w i t h F. R. Board . . . Gold and gold c e r t i f i c a t e s h e l d by banks . . Total gold reserves . . . . . Reserves o t h e r t h a n gold 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 d i s c o u n t e d . . . 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 n o t e s 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 T o t a l U.S. Government s e c u r i t i e s Other s e c u r i t i e s T o t a l 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 p r e m i s e s All o t h e r r e s o u r c e s . . . TOTAL RESOURCES 1,615,271 4c, 689 L I A B I L I T I E S TOTAL LIABILITIES Ratio 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. 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 f o r f o r e i g n correspondents C. 78.3% 78.5% 74.4% 165,746 162,087 44,875 EE SOURCES AND LIABILITIES OF THE FEDERAL RE SERVE BASICS ON AUGUST 31. 19 2 7» ( I n thousands of d o l l a r s ) T o t a l Boston New York P h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis RESOURCES = = = T zi r 1 ^ 1 * " 1 " 1 7 °**°* Total s o l d r e s e r v e s Reserves o t h e r t h a n g o l d Non-reserve IN I'll—JL V i V ^iash "HMS&sr"0 mntm TT.R. govt, s e c u r i t i e s * 5^9° *3i Minn. Kans.Cy. D a l l a s San Fran. 350,534 145,423 217,55a 47,533 143,880 275,100 23,768 55,106 64,4o8 28,541 185,756 2,997,923 213,541 1,029.927 214,604 320,327 75.636 159,623 462,055 46,072 73,219 100,533 51.293 251,043 147.813 Total reserves Ov UUJ.L uu. U_y UeUeWV"' w ~ Other " b i l l s d i s c o u n t e d Total M i l s discounted B i l l s bought i n open market 1.676,930 139,329 St 14.833 26,904 9,319 10,799 3,145,736 228,374 1 , 0 5 6 . 8 3 1 223,923 331,126 11,451 1,042 3,503 US,050 ^5,281 fflg"« ,» ' . 1 8 2 , 7 0 ^ 17*535 400,524\ 36,913 185,128 ] 18,446 472,814 22,409 6,133 ^16'&_aLl£2_15Jlfia 81,819 173,2*1 48b,217 4,178 4,151 7,124 f,-s ts; .hs "v „ __ /2^!jl§21— 106,188 36,803 28,040 77,807 3,079 11,436 S8,l44 34,909 52,368 61,478 3,315 4,460 S,n%3 8.Pel 8,395 77,679 106,216 59.354 259.438 1.076 2,547 f 1,963 2,419 / ire'sas ^ ! g . a s:% 21,890 12,492 33,611 7,123 32,762 20,713 28,701 4,577 7,324 4,462 8,765 5.837 25,527 14,613 300 70,909 -* 33,117 % 21,405 20 33,536 14,077 6,393 45,450 12,758 to 29,11 46,146 HE"" 1111I11SI1111I Other s e c u r i t i e s TOTAL RESOURCES 320 4,945,388 371,190 1,528,347 353,649 493,227 199,194 261,721 702,016 i 6 4 , 4 i 3 129,257 200,079 137,016 405,279 RESOURCES WTO LIABILITIES OF THE FEDERAL RESERVE BAMS 0 1 AUGUST 31. 1927. St. L I A B I L I T I E S ( I n t h o u s a n d s of d o l l a r s ) T o t a l B o s t o n New York P h i l a . Clove. R i c h . A t l a n t a Chicago S t . L o u i s Minn. Xans.Cy. D a l l a s San F r a n . F-R.notes in actual circulation 1 , 6 7 6 , 4 4 0 139,00$ 374,046 1 3 1 , 9 1 5 212,822 5 9 , 2 0 1 156,189 235,020 4 l , 2 7 6 5 6 , 8 4 0 6 2 , 4 ^ 8 4 0 , 2 9 2 167,336 Deposits: Member'bank - r e s e r v e a c c o u n t 2 , 2 9 8 , 8 8 0 150,537 892,809 139,279 186,367 7 0 , 7 2 1 65,900 347,027 76,317 4 8 , 5 7 9 89,145 59,283 172,916 Government 12,699 35.3 1,507 363 419 2,572 598 1,857 881 1,379 1,049 756 965 F o r e i g n honk 5,536 351 2,150 450 4g6 244 192 646 201 l%l 173 164 328 Other d e p o s i t s 24,168 98 16,974 62 1,00# 6l 52 1,082 249 1 58 23 5 38 4,151 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 2 , 3 4 1 , 2 8 3 151,339 555,002 5 3 , 1 5 4 130,727 9,466 228,775 17,6O6 13,l6l 620 9 l 3 , 4 4 o l 4 o , l 5 4 188,290 137,0b6 4 6 , 7 0 1 5 3 , 0 9 4 3 9 , 3 6 2 1 3 , 2 2 4 13,9^8 6 l , 6 l 4 21,267 23,746 2,819 388 1,327 73,598 47,222 6,239 12,198 736 66,742 350,612 23,287 6 4 , 7 1 5 5,150 17,325 9 , 6 3 2 31,881 721 2, i-63 77,648 29,109 5,291 9,939 1,150 50,257 10,667 3,003 7,527 963 90,602 33,069 4,220 9,029 °6l 6 o , 2 4 l 178,360 23,454 33,464 4,270 9,229 8,215 16,121 544 769— TOTAL LIABILITIES 4 , 9 4 5 , 3 8 8 371,190 1 , 5 2 8 , 3 4 7 353,649 493,227 199,19% 261,721 702,016 1 6 4 , 4 1 3 129,257 200,079 137,016 405,279 Reserve r a t i o (per cent) 78.3 78.7 82.1 82.3 82.6 6l.6 77• 7 83.0 51*7 72.5 69• 4 59*0 75*0 C o n t i n g e n t l i a b i l i t y on h i l l s p u r , . c h a s e d f o r f o r e i g n c o r r e s p o n d e n t s 165,746 12,459 45,638 1 5 , 9 4 8 17,609 8,639 6 , 8 1 1 22,925 7,143 4,984 6,147 5,81 11,629 F , R . n o t e s on hand ( n o t e s r e e ' d f r o m F.R.Agont l e s s n o t e s i n c i r c u l a t i o n ) 3 6 3 , 4 l T 24,514 116,159 3 4 , 4 9 8 22,800 1 3 , 4 5 2 25,833 50,937 4,845 4,373 10,418 6,407 4 9 , 1 8 1 y FEDEBAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS i F . R . n o t e s i s s u e d t o F . R . Bank Collateral held as security for F . R . n o t e s i s s u e d t o F.R.Bank: Gold a n d g o l d c e r t i f i c a t e s Gold r e d e m p t i o n f u n d 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 490,205 421,875 94,011 1,124,374 ^3.4l6 215,150 38,600 2 l , l 6 2 10,936 1 2 , o 6 o 1 0 5 , 0 0 0 125,477 165,000 168.833 31.189 37.449 35,300 10,232 89,000 55.359 182,022 285,957 46,121 61,213 72,916 46,699 216,517 „ , „ 3 6 , 4 6 8 17,217 7,349 6, 243 1,621 2,750 118,500 272,000 31.500 40.119 51,553 8,500 1,196 12,000 32,6iq „ 12,267 1,029 4l,000 11,371 3, 960 5o,8oO 1 8 , 3 7 3 40,000 2,817 1 5 , 4 o 6 6 , 0 0 0 12o,787 20,050_^M40_ 0 2 , 1 9 3 , 6 7 6 189,391 510,145 1 6 7 , 6 0 2 253,109 8 0 , o 6 ? 182,079 325,174 5 ^ , 3 1 5 6 5 , 6 6 7 76,854 47,240 241,533 MATURITY DISTRIBUTION OF BILLS, CERTIFICATES OF INDEBTEDNESS AND MUNICIPAL WARRANTS BY MATURITIES Total B i l l s discounted B i l l s bought i n open 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 •'-varrrrnts.. l66,4l3 235,622 72,653 2 , 0 3 9 , 8 5 7 163,519 400,524 185,128 l6l,095 20 W i t h i n 15 d a y s 307,428 107,871 90,497 - l 6 t o 30 days 21,396 29,169 5 31 t o 60 days 42,029 27,835 ^ 6 l t o 90 days 17, ~ months° 5*7^7 ,7 7 "* 0 v e r 6 months ^126 '^
@FedFRASER