The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOB THE PBESS Released f o r publication Friday morning, Sept. 24; not e a r l i e r . St.5102. Federal Reserve Board September 23, 1926 CONDITION OF FEDERAL RESERVE RANKS The consolidated statement of condition of the Federal reserve banks on September 22, made public by the Federal Reserve Board, shows declines of $78,800,000 in b i l l and security holdings and of $85,300,000 i n t o t a l deposits, partly o f f s e t t i n g the increases reported a week ago i n connection with the Treasury's quarterly f i n a n c i a l operations. Increases of $96,100,000 i n holdings of discounted b i l l s and of $7,900,000 i n acceptances purchased i n open market were more than o f f s e t by a reduction of $182,900,000 i n Government s e c u r i t i e s , holdings of which l a s t week included $192,000,000 of temporary c e r t i f i c a t e s issued by the Treasury to the Federal reserve banks pending the c o l l e c t i o n of the quarterly installment of taxes. Federal reserve note c i r c u l a t i o n declined $8,000,000 and cash reserves $7,400,000. The Federal Reserve Bank of New York reports an increase of $42,500,000 i n discount holdings, Chicago an increase of $17,400,000, St. Louis $16,300,000, 5311 F r a n c i s c o $10,700,000, Cleveland $6,400,000, Kansas City $3,500,000 and Atlanta $3,200,000. The remaining f i v e banks show decreases aggregating $3,800,000. Open-market acceptance holdings of the New York bank increased Atlanta $3,400,000, while the St. Louis bank reports a decline of $6,900,000. The System's holdings of U. S. s e c u r i t i e s declined $182,900,000, or $9,100,000 l e s s than the amount of temporary c e r t i f i c a t e s redeemed by the Treasury during the week. The principal changes i n Federal reserve note c i r c u l a t i o n during the week comprise declines of $7,400,000 at the New York reserve bank, $4,100,000 at Philadelphia, $2,800,000 at San Francisco, and increases of $3,000,000 at the Atlanta bank and $2,500,000 at Dallas. A summary of changes i n the principal a s s e t s and l i a b i l i t i e s of the preserve banks during the week and the year ending September 22, 1926, f o l l o w s : Increase or decrease during Week Total reserves Gold reserves -$7,400,000 - 6,700,000 . . . . 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. Government obligations Other b i l l s discounted . Year + $86,700,000 + 60,500,000 -78,800,000 496,100,000 . . +50,500,000 +45,600,000 + + + 28,000,000 20,900,000 18,600,000 39,500,000 7,900,000 + 31,900,000 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 -182,900,000 2,300,000 - 1,200,000 -184,000,000 - 18,000,000 4,200,000 - 105,400,000 + 91,600,000 Federal reserve notes i n c i r c u l a t i o n . . . . - + Total deposits Members' reserve deposits . . . . . . . . Government deposits - 85,300.000 -138,500,000 + 63,500,000 Bonds Treasury notes C e r t i f i c a t e s of indebtedness W. . 8,000,000 45,700,000 + 64,500,000 + 23,500,000 + 35,400,000 teleased f o r p u b l i c a t i o n Friday rooming, Sept. 24, 1926; not e a r l i e r . St. 5102a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) Sept. 22. 1926 Sept. 15. 192b Sept. 23. 1925 RESOURCES o l d with Federal reserve agents . . . . k:ld redemption fund with U.S.Treasury . Gold held e x c l u s i v e l y against F.R.notes Gold settlement fund witn F. ft. Board . Gold and gold c e r t i f i c a t e s held by banks Total ^old r e s e r v e s 1,354,679 58,339 1,443,018 743,65b 639,323 1,429,247 61,694 1,491,141 696,619 644,901 1,405,694 45,726 1,454,420 719,341 591,754 2,525,997 131,643 2,957,640 2,832,661 132,404 2,765,545 105,394 2,965,065 52,352 2,870,939 51,572 319,076 342,560 661,636 270,407 266,609 296,926 337,649 303,075 640,727 235,493 51,409 146,213 107,546 305,165 3J:: 49,093 147,435 291,493 485,021 3,700 1,240,911 1,212,872 64s 749,939 60,001 13,901 1,319,736 648 895,695 59,991 13,476 . . 5,075,315 5,306,963 4,901,072 F. R. notes in actual c i r c u l a t i o n . . . Deposits: Member bank - reserve account . . . . Government Foreign bank ' Other deposits 1,716,087 1,724,068 1,670,348 2,230,591 67,613 14,840 15,959 2,369,136 4,084 15,641 28,485 2,207,090 32,169 7,464 20,731 2,332,003 2,267,454 663,202 123,539 220,310 19,574 2,417,346 802,314 123,757 220,310 19,135 5,075,315 5,306,963 4,901,072 Reserves other than 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 discounted 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 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 All other resources TOTAL RESOURCES 52,275 565,535 262,480 55,610 251,603 15,919 323,132 2,420 8,100 . 707 685,239 61,399 18,044 L I A B I L I T I E S Deferred a v a i l a b i l i t y items Capital paid in TOTAL LIABILITIES . . . . 614,787 116,433 217,537 14,213 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 . . . . 73-1% 71.6$ 72.9$ 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 correspondent 45,124 44,228 34,027 C. RESOURCES RESOURCES ™»JRCES LIABILITY OF THE FEDERAL RESERVE BANKS ON SOMBER 22, 1926 (In thousands of dollars) A8 % . S k S s - 5 S i o t ^ r s a c " utner c o u n t i e s l 3 i 8 : ; l r i t i 8 s to .°°7 _ 73,18E D- EEE:., TOTAL resources : S : ? S : J S s ' a L S l l g s s s K ™ g t S a S *.*» 2S9 S '7^ 19,92s 2,000 s 33,745 9 . " 3 7 111.200 J S s s l j S 1 : 5 U : S > s s » s 3 • • ! 7,060 i , E 3 7 47,035 7 00 - 64.969 i g l 93,054 1 5 6 , 7 « s I t % % I:SS «» % I:: B i l l s discounted: S 51 " ^ -% %% »,$ % I s s t s . - s - i . ; " " * " - . I5 ^EIITI22EL5I5" '^ K s I I : S r S l ? 5 r . ? , * £ s ? % TD % % ' ',:S E S i i 5 >!:£ a s a s • : $ " J S I S 19.512 - 23,1=6 27.95,9 l,QQQ 73,356 i S 43,711 59.6* a.oa . S : g : ' j g - g : : a a g f a # %.s(7 . 3051& 3fj0C 56,1:1 127,742 1 , ^ 9 1 1 ,J: *4 " I -F S % fig 'is % 11 % % i s ? ; | 391,172 1,521,413 346,620 495,821 226,6s6 297,195 669,705 179,910 142,096 213,219 155,349 432,526 5,075,315 L I A B I L I T I E S F.R. notes i n actual 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 Total deposits Deferred a v a i l a b i l i t y items Capital paid in Surplus All ether l i a b i l i t i e s RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS 01" £ £v:BER 22, 1926 St. 5102c (In thousands of dollars) Boston New York Phil a. Cleve. . Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total 145,764 373,635 112,500 204,290 76,152 1 75,97 5 208,59 2 47,300 63,665 66,962 4 g , i 9 5 189,727 1,716,037 147,202 5.423 S95 105 153,625 61,953 8,$00 17,020 1,010 £57,977 135,775 153,675 22,634 3,990 5,490 6,292 1,119 1,260 6,932 224 778 901,835 141,log 191,206 146,620 59,175 65,199 35,746 12,465 13,551 59,964 20,464 22,394 3,613 905 l,o81 69,351 327,054 50,250 51,667 90,613 56,025 164,333 2,230,591 7,441 6S7 1,670 1,121 2,182 5,106 1,529 67,613 471 1,613 506 377 459 412 -12 l4,g40 99 975 299 259 1,324 26 5,570 IE,959 77,362 330,329 52,725 53,424 94,572 61,571 172,544 2,332,003 25,773 80,392 33,522 13,171 38,016 32,693 43,902 663,202 5,029 16,666 5,252 3,102 4,159 4,301 5,559 123,539 8 , 7 0 0 30,613 9,570 7,501 6,979 7,615 15,071 220,310 1,354 2,513 1,201 1,233 1,095 974 2,693 19,574 391,172 1,521,413 34b,o20 4 9 8 , 5 a 22o,oS6 297,198 669,705 179,910 142,09b 213,819 155,349 432,520 5,075,315 80.5 76.2 62.6 74.5 79.5 63.6 64.4 66.3 73-6 49.9 59.1 b8.4 73.. 1 TOTAL LIABILITIES Reserve r a t i o (per cent) 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 3,416 F.R.notes on hand (notes ree'd from F.R.Agent l e s s notes in c i r c u l a t i o n ) 3 4 , 5 4 4 F.R. notes ree'd from Comptroller F.R. notes held by F. R. Agent 239,505 56, 500 F,R, notes issued to F.R. Bank C o l l a t e r a l 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 Geld redemption fund Gold fund - F. R. Board E l i g i b l e paper Total c o l l a t e r a l 183,308 35,300 16,821 94,000 63,181 209,302 12,491 4,270 105,018 41,602 171,698 24,445 96,000 213,696 8,750 10,325 1 2,552 88,777 160,000 56,181 75,114 2,382 1,795 6,155 1,933 1,435 1,753 1,573 3,1'02 45,124 23,394 1 3,28 6 31,12 5 36,691 4,237 7,120 6,869 5,524 41,410 350,820 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 771,9 73 156,102 274 , 524 116,743 273,010 4 27,70 0 7 3,217 8 6,368 113,551 71,96b 286,837 2,923 ,£19 293,320 34,000 46,840 27,275 b5,910 182,117 21,680 1 5,603 39,720 18 , 247 55,700 556,912 478,653 154,102 227,684 89,468 207,100 245,583 51,537 70,785 73,531 53,719 231,137 2,066,907 28,805 4,934 9,000 56,950 14,238 5,010 3,080 98,000 175,644 90,473 111,580 7,945 1,533 6,300 53,833 13,212 1,535 39,000 19,449 4,194 45,360 31,544 16,656 10,000 306,634 3,142 16,340 107,211 4,000 154,253 970,834 35,146 88,847 895,994 505,539 1 55,283 256,446 99,689 210,721 290,304 69,611 73,496 81,598 58,944 269,440 2,280,673 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS Within 15 days 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 4,810 66,666 4,340 624 66 71,696 59,478 6,109 11,919 1,302 494,841 83,679 337 16 t o 30 days 46,492 55,581 31 to 60 days 69,102 70,409 6l t o 9O days 45,354 51,565 39,138 91 days to 6 months 5,695 0ver g months Total 152 66l,636 270,407 167,546 68,071
@FedFRASER