h41_19261015
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STATEMENT FOR TIHC PRESS • Released for publication St. 5121 Friday morning, Oct. 15; Federal Reserve Board, not earlier. October 14, 1926. CONDITION OF FEDERAL RESERVE BANKS The consolidated statement of condition of tha Federal reserve banks on October 1}, made public by the Federal Reserve Board, shows an increase for the week of $100,200,000 in bill and security holdings, accompanied with in- creases of $25,300,000 in Federal reserve note circulation, $14,400,000 in deposits, and $3,200,000 in cash reserves. Holdings of discounted bills in- creased $£0,300,000, of acceptances purchased in open market $18,100,000, and of Government securities $1,800,000.' The Now York reserve bank reports an increase of $52,400,000 in discount holdings as compared with the decline of $45,SCO,000 reported a week ago; the Boston bank shows an increase cf $17,200,000, Cleveland of $15,300,000, and Philadelphia of $6,900,000, while the Chicago bank shows a reduction of $7,000,000, Dallas of $3,500,000, St. Louis $3,400,000, and Atlanta $3,000,000. The New York reserve bank also shows an increase of $16,500,000 in open-market acceptance holdings. Most of the Federal reserve banks report a larger volume of Federal reserve notes in circulation than a week ago, the principal increases being: Philadelphia $10,100,000, Cleveland $7,500,000, and New York $3,200,000. A summary of changes in tho principal assets and liabilities of the reserve banks during the weak and the year ending October 13, 1926, follows: Increase or decrease during Week Year Total reserves + $3, 200,000 + $75,400,000 Geld reserves + 5,600,000 + 52,900,000 Total bills and securities . . . . . . . . +100,200,000 + 31 ,500,000 Bills discounted, total + 80,300,000 + 60,400,000 Secured by U.S. Govt, obligations . . + 50,500,000 + 31,000,000 Other bills discounted + 29,800,000 + 29,400,000 Bills bought in open market +18,100,000 + 4,300,000 U. S. Government s e c u r i t i e s , total ... + 1,800,000 - 28 ,100,000 Bonds + 300,000 - 1,800,000 Treasury notes . + .100,000 -125,600,000 Certificates of indebtedness + 1,400,000 + 99,300,000 Federal reserve notes in circulation ... + 25,300,000 + 40,200,000 Total deposits + 14,400,000 - 14,000,000 Members' reserve deposits + 5,200,000 - 12,700,000 Government deposits . + 7,000,000 - 2,100,COO C. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Transcript of h41_19261015
STATEMENT FOR TIHC PRESS • Released f o r p u b l i c a t i o n St . 5121 Friday morning, Oct. 15; Federal Reserve Board,
not e a r l i e r . October 14, 1926.
CONDITION OF FEDERAL RESERVE BANKS
The consol idated statement of condi t ion of tha Federal reserve banks on October 1}, made publ ic by the Federal Reserve Board, shows an increase f o r the week of $100,200,000 in b i l l and s ecu r i t y holdings , accompanied wi th i n -creases of $25,300,000 in Federal reserve note c i r c u l a t i o n , $14,400,000 i n deposi ts , and $3,200,000 in cash r e s e r v e s . Holdings of discounted b i l l s i n -creased $£0,300,000, of acceptances purchased i n open market $18,100,000, and of Government s e c u r i t i e s $1,800,000. '
The Now York reserve bank r e p o r t s an increase of $52,400,000 in d iscount holdings as compared with the decl ine of $45,SCO,000 reported a week ago; the Boston bank shows an increase cf $17,200,000, Cleveland of $15,300,000, and Phi ladelphia of $6,900,000, while the Chicago bank shows a reduct ion of $7,000,000, Dallas of $3,500,000, S t . Louis $3,400,000, and At lan ta $3,000,000. The New York reserve bank a l so shows an increase of $16,500,000 in open-market acceptance hold ings .
Most of the Federa l rese rve banks report a l a r g e r volume of Federal reserve notes i n c i r c u l a t i o n than a week ago, the p r i n c i p a l inc reases be ing: Phi lade lphia $10,100,000, Cleveland $7,500,000, and New York $3,200,000.
A summary of changes in tho 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 he reserve banks dur ing the weak and the year ending October 13, 1926, f o l l o w s :
Increase or decrease during
Week Year
Total r e se rves + $3,200,000 + $75,400,000 Geld reserves + 5,600,000 + 52,900,000
Total b i l l s and s e c u r i t i e s . . . . . . . . +100,200,000 + 31 ,500,000 B i l l s d iscounted, t o t a l + 80,300,000 + 60,400,000
Secured by U.S. Govt, ob l iga t ions . . + 50,500,000 + 31,000,000 Other b i l l s discounted + 29,800,000 + 29,400,000
B i l l s bought i n open market +18 ,100 ,000 + 4,300,000
U. S. Government s e c u r i t i e s , t o t a l . . . + 1,800,000 - 28 ,100,000 Bonds + 300,000 - 1 ,800,000 Treasury notes . + .100,000 -125,600,000 C e r t i f i c a t e s of indebtedness + 1,400,000 + 99,300,000
Federal reserve notes in c i r c u l a t i o n . . . + 25,300,000 + 40,200,000
Total depos i t s + 14,400,000 - 14,000,000 Members' reserve depos i t s + 5,200,000 - 12,700,000 Government depos i t s . + 7,000,000 - 2,100,COO
C.
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Released for pub l i ca t ion Friday u c r n i m , Oct. 15, 152b; not e a r l i e r . St."5121a
RESOURCES AMT: LIABILITIES 01 THE TWJBLViS I^ERaL RESERVE BAMS COMBINED
( in trie usand6 of do l la r s ) Oct. 13, 192b Oct. 6, 192b Oct. 14, 1925
R E S O U R C E S Gold with Federal reserve agents . . . . 1,329,143 1,383,19b 1,372,943 Gold redemption fund with U.S. Treasury 57,0)44 o2,930 37,112
Gold held exclusively agains t F.R.notes 1,386,187 1,44b,12b 1,430,033 Gold settlement fund with F. R. Board . 817,132 ' *745,429 733,061 Gold and gold c e r t i f i c a t e s held by banks 615.383 621,789 602,348
Total geld reserves 2,818,9 22 *2,813 , 344 2,7ob,0b4 Reserves other than gold 126,305 128,674 103,723
Total reserves 2,943,227 *2,942,018 2,£69,787 Non-reserve cash . . . . . 47,184 50,44l 48,043 Bi l l s discounted:
Sec, by U.S. Government ob l iga t ions 339>205 286,717 308,213 • Other b i l l s discounted • 364,696 334,872 335,335
Total b i l l s discounted 703,901 623,589 643,5^8 B i l l s bought in open market 291,312 273,262 287,014 U. S. Government s e c u r i t i e s :
Bonds . 53,203 53,53? 55,63S Treasury notes 133,316 135,379 261,122 C e r t i f i c a t e s of indebtedness . . . . l lg ,S49 117,419 -.19,473
Total U.S. Government s e c u r i t i e s } C £ , 1 b 8 306,335 '£> b, 23 3 Other s ecu r i t i e s 3,700 3,700 2,420 Foreign loans on gold - - o,400
Total b i l l s and secur i t ies . . 1,3G7,081 1,2v6,88o 1 ,^75,b l5 Due f r a n fo re ign banks . . . . . . . . 713 717 639 Uncollected items . 747,408 *731,422 920,079 Bank premises 60,014 60,012 61,535 All other resources 13,729 13,^09 18,583
TOTAL RESOURCES 5,121,421 5,004,903 5,194,283
L I A B I L I T I E S
F. R. notes in ac tua l c i r c u l a t i o n . . 1,756,299 1,730,973 1,715,532 Deposi ts :
Member bank - reserve account . . . . 2,217,091 2,211,909 2,229,823 Government 36,560 23,557 32,643 Foreign bank 5,894 6,586 7,091 Other deposi ts 20,681 17,795 18,622
Total deposi ts 2,274,226 2,259,847 2,288,181 Deferred a v a i l a b i l i t y items , 725,275 649,483 840,828 Capital paid in 123,901 123,855 116,487 Surplus 220,310 220,310 217,237 All other l i a b i l i t i e s 21,410 20,437 15,41%
TOTAL LIABILITIES . . . . 5,121,421 5,004,903 5,194,283
Ra t io of t o t a l reserves to deposit and F. R. note l i a b i l i t i e s combined . . . . ' 73*1$ 73*7$ 71-7%
Contingent l i a b i l i t y on b i l l s purchased for f o r e i g n correspondents ^3,98! 45,325 36,276
C. *Revised f i g u r e s .
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RESOURCES AND LIABILITIES OP THE FEDERAL RESERVE BANKS ON OCTOBER 13 1026 R, „ v
R E S O U R C E S ( In thousands of d o l l a r s ) " 5
a,' aar, sns % "Si i s 'tlT^Ei "is-'m '^"FeF^s Gold held exc lus ive ly aga in s t U ^ ^ 2 1 2 5/ ,044
s: I S I s 'IS S '&g I f »S %:§ £S 'gS 'f J:S ~ S * S e » t s •SS-a'Wf •x-*s*s S:S 'i;S Tx'lSTS Krs~S~ "3 t s 1:5 '55 "iS "Z% "IS »;S'% - £ » s
» : « VZ. ^ * g j , y § § • $ g - g
s s : : : : as s s s e s s % ; s : : s : Ss-Ci i:8 e l ' £ a m 4! gg •:« "*j ,«|JS s i :8S
oth9rLU;;;. se5"rlt13s 9:670 56,024 tS j3-*) 7,059 ^ 48^ *.**'*.*> w ».& r _ 1 2,000 : 700 - 1,000 - - ' 3,700
Due f roiT"f o re ign 8 7»9*5 5^,225 135,115 b 5,530 86,080 176,720 58,946 48,816 56,009 50,417 1 28,380 1,307,081
« "li is % "•'§ % "i "S # is % -jg # TOTiiL RESERVES 397,307 1,496,909 351,480 502,823 228,848 294,044 697,419 188,385 145,197 216,727 155,985 443,297 5,1a,4a
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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 Deposi ts :
Member bank - reserve account Government Foreign bank Other deposits
Total deposi ts 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
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 13, 1926 St. (In thousands of do l l a r s )
Boston New York Phi la . CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total 151,711 381,7^2 121,526 ai,O33 79,295 1 75,905 213,869 46,482 65,104 67,26s 51,047 191,317 1,756,299 145,609
2,017 479
92 % % w: % mS
.1,318 599 674 3 g 252 863 271 202 246 221 _ 435 5^94 11,214 115 838 148,197
70,575 5,500
17,020 1,004
959 305 221 1.17b -10 5*513 20. bSl
TOTAL LIABILITIES Reserve r a t i o (per cent) 77-2 Contingent l i a b i l i t y on b i l l s p u r -chased f o r fo re ign correspondents 3,443
F.ffi.notes on hand (notes r ec ' d from F.R,Agent l e s s notes in c i rcula t ion)34,90S
1 cn 'n S f 1 8 7 , 5 1 3 7 0 , 7 1 3 7 ° ' 913 338,764 84,359 53,896 91,833 57,285 178,162 2,274,226
I P ! i i i i i r i ' i m m i i i i 3 ^ J ' 3 ° ^ 351,480 502,523 228,848 294,044 697,419 168,385 145,197 216,727 158,985 443,297 5,121,421
' 73'1 78.9 72.3 72.5 63.7 67.8 74.8 60.9 61.4 65.3 65.4 69.7 11,090 4,304 4,847 2,401 1,812 6,207 1,943 1,450 1,767 1,526 3,126 43,981
F.fi; notes rec 'd from Comptroller F.R. notes held by F. R. Agent F.R. notes issued to F.R. Bank
Col la te ra l held as secur i ty 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 ig ib l e paper
Total co l l a t e r a l
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
231,719 45,100
92,072 28,347 18,177 12,901 28,959 31,570 3,277 6,055 6,51s 4,952 39,107 306,343 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS llk°& « a im
186,619 473,814 149,873 229,210 92,196 204,864 245,439 49,759 71,159 73,786 55,999 230,424 2,063,142
35,300 18,732 79,000 78,3 25
l S o h ? o f ~r\rtC , ! ' 7 8 ? 2 8 , 8 0 5 l U ' , 2 3 7 " 7,945 13,507 - 19,156 10,000 306,428
2:0:699 1 I'll II? I I J;!1!;! I;! 514,518 154,098 271,881 100,429 206,200 287,048 58,223 72,707 79,608 57,549 262,511 2,276,429
MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 211,357
Within 15 days l 6 to 3O days 31 to 60 days 6l to 90 days 552,134 91,107 1,475
42,886 . 55,152
65,550 76,556
37,634 55,991 43,811
91 days to 6 months
5,442 12,506
247
Over 6 months
255
73,316
Total
703,901 291,312 118,849
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