The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
SIA'IEM^TT FOB THE FEE S3 Released, f o r p u b l i c a t i o n Friday morning, Sept. 23; not e a r l i e r . St. 55^3 Federal Be serve Board September 22, 1927« CONDITION OF FETEBAL BESF-BB BANKS 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 Fedefal reserve banks on September 21, made p u b l i c "by the Federal Be serve Board, sho'-'s i n c r e a s e s f o r the week of $15,500,000 i n b i l l and s e c u r i t y h o l d i n g s , of $9,500,000 i n cash r e serves, and of $10,400,000 i n Government d e p o s i t s , and decreases of $7,100,000 i n Federal reserve note c i r c u l a t i o n * of $13,900>000 i n member bank reserve d e p o s i t s , and of $11,400,000 i n amounts due from f o r e i g n banks. Holdings of discounted b i l l s i n c r e a s e d $39,200,000, while holdings of United S t a t e s Governifient s e c u r i t i e s decreased $16,000,000, and of acceptances purchased i n open market $8,100,000. Discount holdings of the San Francisco bank increased $13,300,000 during the week, of the Hew York bank $11,800,000, and of the St. Louis bank $6,900,000. Decreases of $13,500,000 i n open market acceptance holdings at the Hew York bank and $3,200,000 at the Boston bank, were p a r t l y o f f s e t by i n creases at 8 other banks, of 7,'hich the l a r g e s t , $3,900,000, was reported by the Federal Be serve bank of Richmond. The System's h o l d i n g s of united S t a t e s bonds decreased $25,400,000 and of Treasury notes and c e r t i f i c a t e s of indebtedness i n c r e a s e d $4,000,000 and $ 6 , 5 0 0 , 0 0 0 , r e s p e c t i v e l y . The p r i n c i p a l changes i n Federal Beserve note c i r c u l a t i o n comprise i n c r e a s e s of $5,000,000 at the Philadelphia bank and $5,000,000 at the Cleveland bank, and a decrease of $2,300,000 at D a l l a s . 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 r e serve banks during the week and the year ending September 21, 1927, f o l l o w s ; Increase or decrease during Week Total r e s e r v e s Gold r e s e r v e s + 4- $9,5oo,ooo 10,500,000 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 "bills discounted + + + + 15,600,000 39,200,000 13,500,000 25,700,000 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 . - . . - . . Federal reserve n o t e s i n c i r c u l a t i o n . . 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 __ 8,100,000 16,000,000 26,400,000 4,000,000 Tear + + - - - _ + + + 6,500,000 - 7,100,000 - 4,300,000 _ - + 13,900,000 10,400,000 - - + $168,600,000 161,500,000 202,100,000 151,000,000 51,700,000 99,300,000 43,800,000 4,500,000 204,500,000 20,300,000 188,800,000 23,500,000 54,600,000 58,100,000 18,800,000 Released f o r p u b l i c a t i o n Friday morning, September 23,1927; not e a r l i e r . St. 5513c RESOURCES A'Tj LI.431IIIIES THE TWELVE FEDERAL RE53RVE EAJI'S COMBIitED ( i n thousands of d o l l a r s ) Sept. 21,1927 Sept. 14,1927 Sept.15.lA2S RESOURCES Gold with Federal r e s e r v e agents . . . . Gold redemption fund w i t h U.S. Treasury Gold h e l d e x c l u s i v e l y a g a i n s t F . R . n o t e s Gold s e t t l e m e n t fund w i t h F. R. Board Gold and g o l d c e r t i f i c a t e s h e l d by banks Total g o l d r e s e r v e s . . . . Reserves other than g o l d Total r e s e r v e s ITon-re serve cash . . B i l l s discounted: Secured by U.S. Govt. o b l i g a t i o n s Other b i l l s d i s c o u n t e d . . . . . Total b i l l s d i s c o u n t e d 1,657,755 55,159 1,665,739 1,712,91^ 614,774 1,718,761 596,363 2,994,196 2,983,672 139,436 l4o,369 3,133,632 3,124,o4i 53,646 5^,339 216,936 197,629 *203,447 4I4,5o5 218,560 375.334 666,508 53,022 1\429 , 24b 6l,89A 668,548 2,832/651 132 4o4 26$ 609 296 926 *171,887 226,717 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 . . 253,741 127,138 102,664 123,181 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 483,543 820 499,576 320 1,117,588 14,052 1,101,947 12,262 848,897 59,580 19,691 19,736 61 1295,69! 59,99 13,47c . . 5,099,361 5,220,757 5, 306,953 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 1,700,522 1,707,584 1, 2,311,070 22,894 5,519 23,217 2,324,989 12,494 5,329 24,674 2, 369,136 4,034 15,641 1 28,465 2,362,700 2,367,486 2, 417,346 662,030 130,866 228,775 ' 14,468 771,929 130,731 228,775 14,252 802,314 123,787 5,099,361 5,220,757 5,306,963 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 A l l other r e s o u r c e s . . 823 720,040 59,580 TOTAL RESOURCES LI 280,183 ,1-93 96,207 A B I L I T I E S Total d e p o s i t s . Deferred a v a i l a b i l i t y i t e m s Capital paid i n Surplus A l l other l i a b i l i t i e s . . . TOT .L LIABILITIES 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. 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. 724,068 220,310 18,138 77.1J6 76.75? 7iW , 182,582 182,182 44,228 •Revised f i g u r e s . RESOURCES MID LIABILITIES OP THE FEDERAL RESERVE BA.MS OH SEPTEMBER 21, 1927 St. 5513b PP S O U R C E S ( I n thousands of d o l l a r s ) Total Boston JJew York P h i l a . Cleve. Rich. Atlanta Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s San Fran. Gold w i t h Federal Reserve Agents 1,657,755 137,553 3 3 1 , 2 l 4 136,147 217,798 31.609 1 5 3 , 8 0 7 ' 2 7 3 , 6 2 1 22,243 55,491 5 9 , 4 p 3 9 , 9 2 3 198,929 Gold redemption fund w i t h U. S.Treas. 55,159 9,932 15,339 l 4 , l 6 4 2,762 1,632 2,057 2,033 1,690 1,108 2,0o9 1,058 1 >3lj?—__ Gold h o 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 fund w i t h F.R.Board Gold and g o l d c e r t i f . h e l d by banks Total gold reserves R e s e r v e s other than g o l d 1,712,914 147,485 346,553 6l4,774 666,508 37,723 30,675 235,04o 431,769 2,994,196 33,440 28,126 49,857 35,469 2 1 5 , 8 8 3 1 , 0 1 3 , 3 6 2 211,877 305,886 24,502 7_'^?i 3 , 1 3 3 , 6 3 2 229,763 1 , 0 3 7 , 8 6 4 14,820 53,646 5,962 219,768 216,936 17,060 70,228 197,629 13,683 52,934 22,544 12,458 33,677 9,221 Total b i l l s d i s c o u n t e d 4I4,5O5 30,743 123,162 35,002 42,298 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 218,660 21,533 70,535 10,712 15,418 253,741 127,138 102,664 11,036 41,521 13,420 26,509 6,079 22,248 9,365 12,592 483,543 820 23,311 90,873 35,377 1,117,588 75,587 284,575 823 720,040 59,580 14,052 4o 440 Total reserves Ken-reserve cash B i l l s discounted: 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 Total U.S. Govt, 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 Dae from f o r e i g n banks Uncollected items Bank premises A l l other r e s o u r c e s TOTAL RESOURCES C. 139,436 150,311 220,560 13,880 6,196 - — 68,988 3,946 68 275,654 23,933 56,599 bl,489 4 0 , 9 8 1 200,244 10,200 1 3 0 , 2 8 4 - 7 . 4 1 3 54,151 15,289 10,700 12,2b7 7,0^9 24,981 7,912 15,255 7,343 57,391 173,477 460,089 49,922 75,915 94,382 63,579 272,433 23,048 1 2,720 4,3^8 5,943 186,421 423,137 62,642 3 3 , 2 4 1 155,864 8,562 15,588 10^703 5 ^844 316,589 4,364 897 63,235 3,729 12,_944 80,223 100,325 7,666 4l,876 30,313 9,927 7 1 , 2 4 5 282,360 3,697 7,845 3,101 1,274 2,827 2,176 2,954 11,320 .6,529 18,336 26,072 29,656 32,601 5.756 23,557 20,398 12,242 15,220 1,927 2,970 4,727 8,450 13,177 9,057 2,734 5,523 10,512 20,113 8,257 30,625 9,785 15,247 6,280 43,102 16,037 12,819 18,245 11,025 6,207 11,175 12,676 71,958 300 35,537 22,035 81,091 112,59% 80,671 51,333 129,458 71,171 34,925 56,470 42,043 91,670 23 33,076 3.957 16 20 41,577 4,470 549 18 22,976 1,827 705 37 41,512 3,519 - 32,922 12,699 13,709 7,297 7,647 7,462 54,27s 27,458 - 51 181,205 61,805 16,276 1,749 126 3,692 56 68,223 3,573 2,823 32,646 15,621 30,901 24,854 4,733 27 22 62,478 30,514 7,119 2,465 2,901 1,466 412 1,011 5,099,361 384,354 1,539,478 365,487 509,956 213,017 276,35% 7,473 J - - 4,897 73 86,301 8,577 1,547 270 26,178 19,627 7,166 8,151 6,45s 3,694 17,536 7,ioo 5,365 10,950 34,236 30,001 45,793 520 14,785 2,774 2,512 - — 8,670 — 1,088 716,938 174,840 136,569 206,23.8 152,990 423,l4o RESOURCES AND LIABILITIES OF THE FEIEEAL R1?,SIEVE BANKS ON SEPTEMBER 21, 1927. St. 5513c ( i n thousands of d o l l a r s ) L I A B I L I T I E S Cleve. Rich. Atlanta Chicago S t . L o u i s Minn. Kans.Cy., D a l l a s San Fran. Total Boston Hew York P h i l a . P H . n o t e s i n actual circulation 1,700,522 140,543 360,130 131,331 211,852 63,338 161,540 245,449 43,705 58,833 64,268 47,241 172,292 Deposits: Member t a n k - r e s e r v e account 2,311,070 149,220 893,405 139,255 191,850 70,576 68,702 340,335 78,744 50,762 90,008 61,336 176,877 Government 22,894 1,770 9,731 1,645 1,042 809 815 1,549 298 1,194 562 1,532 1,947 Foreign bonk 204 407 1,311 559 617 5,519 436 303 239 803 250 175 215 15.760 242 1.270 72 202 1.106 236 125 Other d e p o s i t s 142 23,217 76 36 3,950 Total d e p o s i t s 2,362,700 151,502 920,207 i4i,701 194,779 71,760 69,958 343,793 79,528 52,256 90,927 63,108 183,181 Deferred a v a i l a b i l i t y items 662,030 64,760 154,007 57,493 64,170 58,613 29,322 75,886 35,138 13.966 37,068 29,573 41,434 Capital p a i d i n 130,866 9,466 39,498 13,219 13,956 6,253 5,144 17,30s 5.291 3.002 4,220 4,280 9.229 Surplus 228,775 17,6o6 61,614 21,267 23,746 12,198 9,632 31,ssi 9 , 9 3 9 7,527 9,029 8,215 16,121 A l l other l i a b i l i t i e s 14.468 477 3.422 476 1.453 855 758 2.621 U233 BS5 126- — 5 7 X __J££3TOT XL LIABILITIES 5.099,361 384,354 1,539,^73 365,-487 509,95b 213,017 276,354 716.938 174,840 136,569 206,23s 152,990 423,l4o Eeserve r a t i o (per c e n t ) 54.6 32.0 4.6 46.8 50.8 81.1 80.5 72.3 79.4 80.5 78.7 77.1 77-9 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 182,582 13.653 7.464 25,122 7,828 5.461 6.736 6,371 12,743 50,966 17.476 19,296 9,466 F E . n o t e s on hand ( n o t e s r e e ' d from F.E.Agent l o s s n o t e s i n circulation)4l6,046 30,697 123,416 38,816 43,60s 13,922 29,939 50,289 7,443 5,475 10,268 7,732 54,441 7.:,5ER\L BE,SERVE 90TB ACCOUNTS OF FEDERAL BESERVE AGENTS F.,R„notes r e e ' d from Comptroller 2,914,873 233.440 775,626 209,147 278,450 105,924 248,859 437,63s 69,10s 85,737 111,836 71,375 287,233 F . P . n o t e s h e l d by F. E. Agent 292,080 39,000 22.990 28.664 57.3SO l4l,q00 17.960 21.429 37.300 16.902 60.500 798,305 62,200 F.,R.riotos i s s u e d to F.R.Barik 2,116,568 171,240 483,546 170,147 255,460 77,260 191,479 295.738 51.148 64,308 74,536 54,973 226,733 C o l l a t e r a l hold as s e c u r i t y f o r I T . E . n o t e s i s s u e d t o F.E.Bank: Gold and g o l d c e r t i f i c a t e s 410,831 35,300 215,150 8,100 12,267 38,600 25,223 18,118 18,073 40,000 Gold redemption fund 2 1 , 0 6 4 8 , 2 7 0 14,198 4,636 7,889 1,621 2,143 1 , 2 2 4 3.560 4,350 14,708 96,916 13,253 Gold fund - F. E. Board 1,150,008 89,000 95,000 127,877 165,000 1,750 127,800 272,000 12.000 42,000 55,86o 17,500 144,221 E l i g i b l e paper 595,740 52.276 178.015 35.188 55.403 50,114 37,757 34,950 11.919 ? l . 6 7 P 1.7,618 45,00.3 Total c o l l a t e r a l 2,253,495 189,829 509,229 171,335 273,201 81,723 191.564 329.446 57.193 67.410 81,092 57.541 243.932 MATURITY DISTRIBUTION OF BILLS, CERTIFICAE S OF INDEBTEDNESS AUD MUNICIPAL WARRANTS 91 days t o Over 6 months 31 to 60 days bl to 90 days l b t o 30 days Within 15 days Total b months B i l l s discounted 16,705 32,030 22,750 3.031 414,565 339,870 179 B i l l s bought i n open market 2,843 21,025 218,660 42,019 96,861 55,912 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 102,4i4 102,664 250 20 Municipal warrants 20 G.
@FedFRASER