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C 0 ff F I D E IT T I A L Not. for pub J.:lcation RATIO OF "FLOAT" OF EACH FEDERAL RESERVE BANK TO MEDIATELY AVAILABLE DEPOSITS. March 25, 1919- (in thousands of dollars.) 1 Fv-:dar al Reserve Bank Deferred Uncollected aval lab i l l ty items items "FLOAT" "F lo a t" after adding net debit ! Ratio to or deducting net credit in immediate ly Saturday1s settlement Amount available Ratio tc immediately deposits , Amount av ailable de-posits 54,327 4 i ,4 2 0 12,967 1 5 7 ,566 119,11c 3 3 ,4 5 6 phi lads Ipkia 69,662 60,680 8 , 98a Cleveland 4-9,675 42,6.14 R3 chaond 50,241 At lanta Chicago St.301 fT l o a t ?I after deducting N ational and F* R . Bank notes, also net investment in trans fe r s , from second calculatio n Ratio to immediately available Amount deposits 9. 836 7*6 9,643 7.4 48,544 5-9 36,857 4=5 s-3 13,501 12.4 13,501 12.4 7,-o6l M- 7., 000 4.8 6,374 4.4 38,216 12,025 19.0 12,903 20.4 12,820 20.3 40,010 26,568 13,442 27.9 11,185. 23-2 10,277 21.4 68,694 54 , 8)'-0 '13,S5>+ 5-7 11,658 4.8 8,159 3> V•V St Loui s Minneapolis 43 142 31,289 11^53 17,3 2,197 12.0 7,135 10.4 20 sl6 l 11,688 8,473 15.1 5,597 9 ^9 M 27 7-2 Kansas City 55,536 30,680 24,£56 27.7 20,726 23.1 10,310 11.5 Dallas 1 7 , S52 14,516 3,376 7-5 7,150 15-9 4,743 10.5 San Francisco ?_9,4o 4 13,285 16,119 16.8 15,167 Xj <7 2,723 9.1 656,370 4s4,906 171,464 8.9 171,464 S.9 132,573 6.9 Boston New York . Total , DIVISION OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD APRIL 1, 1919, 1 0 .0 n it • 0 C 0 N.F I :d e it t I a l Nub. for publi cation CCMFOSITION OF UNCOLLECTED ITS,IS AND DEFERRED AVAILABILITY ITEMS. (In thousands of dollars.) Bank *mcoll<3ote& J’tecir. t C*iGC—G ’National Bank \ 1 f \ ’ notes and 'Clearing 1 and » house * 0 thsr ’bank notes of 'Transfers 1 All ether other bought ^^co-llec tea 'Exchange s ' OooSii. 1 i. i items 1 F. R* Banks 1 1 items Total March 28, 1919* Gold Settlement Suspense Deferred Availability Items t 1 t 1 1 Other Government1 Transfers 1 transit 1 transit sold ' items 1 items ' 1 ' 1 Total ' 4,278 64 133 - 49,352 54,337 16,201 - - 25,219 41,420 25,o66 5,103 11,687 - 115,710 157,566 55,126 - - 63 , 9 S4 119,110 Phi Xado.IpMa 8,031 9-324 52,257 69,662 21,712 *N» 3,337 35,631 60,680 Cleveland 6,090 26 196 4-30 42,933 49,675 13,973 - l , 64o 26,996 42 , 6 i4 Eichaoxid 3,971 167 S3 - 46,020 50,241 10,343 - 976 26,397 38,216 At lanta 3,252 225 90s - 35,625 4o,010 2,937 1,465 22,116 26,56s Chicago 4 , 20.5 - 514 3,175 6o,soo 68,694 21,412 190 1 , 59s 31,640 54,s4o St. Louis 2, 15S IS 574 935 39 , ^57 43,142 11,331 1+51 1,088 13,419 31,289 Minneapolis 1,377 3 61 1,509 16,711 20,lol - 1,971 5 , 24o 11,638 Kansas City '424 1,569 254 10,162 43,127 55,536 6,724' - - 23,956 30,680 Dallas 290 1U5 519 1,983 14,950 1 7 ,3 9 2 6 ,1 8 4 100 3 ,1 9 2 14,516 2:.042 23 213 6,227 2 0 ,S94 2 9 ,4 o 4 2 ,7 9 1 1 37 10,456 1 3 ,2 8 5 6 1 ,7 3 ^ 16,667 15,207 24,U26 533,336 6 5 6 ,3 7 0 1 7 3 ,7 6 6 74 2 12,152 293,246 4 s4 , 906 Boston New York. San Francisco Total Division of Bsports and Statistics Federal Reserve Board March 31, 19--9* - 4,477 4o X-1456 F E DE RAL RE S E RVE BOARD GOLD SETTLEMENT FUND Suirjiiarv of transactions for week ending April 3,1919 * (in thousands of dollars) CONFIDENTIAL Agarjeats : Aggregate : Balance Settlements from March 28 to wtthdriX-al'E -deposits and: T R A N S F E E S April 3 , 1919 , both inclusive Federal G6ld Gold last Re serve deposits statement : wi thTotal fers to • from Agent’ s: Net : Total Bank of Mar.27,1919: drawals Credits Aeent's fund:; fund ; Debit Credit Debits : Debits 40,615 ; Boston 1,000 104,566 3,000 1,000 : 34,000 10,007 ; S3,907 — New York — 310,495 40,231 : 350 ,726 129,813 : 30,007 119,000 Philadelphia 38,807 — 108,166 22,000 24,657 ■ 13,000 40,000 30,110 : 138,276 24,657 Cleveland 3,000 3,027 : 42,000 3,000 65,859 3,027 : 78,218 111,357 Richmond 21,885 5,829 408 5,829 ! 6,000 61,528 408 5,000 ■ 61,063 Atlanta 14,726 — 28,262 2,415 1,005 2,415 5 ,ooo ; 27,769 5 Chicago 81,203 12,543 3,400 12,543 : 40,000 5,000 137,149 :117,337 — 23,049 St.Louis 4,291 : 1,761 5,000 291 1,761 : 68,666 76,152 -Minneapolis 316 10,816 ‘ 20,000 : 35,249 38 ,467 13,519 27,820 Kansas City 58,044 10,000 4,174 62,218 173 : 10,000 173 Dallas 108 24 108 : 4,000 25,000 16,928 : 36,122 10,379 19,194 __ 12 ODD : p, jq? : 5.000 33.144 San Francisco 1 vf>!2. : 26.859 33.024 53,441 To tal 49',128 67)721 ! 214,007 2i 4 ,007 ; 3 , 72s 91,443 1,086,410 1,986,410 — Federal Reserve Agent at Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St.Louis Minneapolis Kansas City Dalla s SanFrancisco Total Bal ance i: Gold last ; withstatement March 2 7 ,’ 19 :*.cirawals 45,000 : 2,000 ; -70,000 42,889 : 5,000 95,000 ; 40,000 : 4,000 38,000 : 2,000 264,664 : 4,000 : 3,000 39,931 : 36,000 35,360 2,184 : 500 : 4.000 82.259 24,500 791, 287 — — FEDERAL RESERVE AGENTS' FUND Withdrawals : Deposits Gold for through deposits transfers ; transfers to bcink ‘:from bank 3/000 — — ; — .— — ■„ — — 22,000 — 1,000 10,500 3,4oo 4,000 — Surnarv cif chantlbs in ownership ; Total ; Total ; withdeposits drawals : : 2,000 3,000 — ; 5,000 22,000 : : 4,000 : 2,000 1,000 ; 4,000 3,400 : 3,000 4,000 — 10,500 — — : — •— . 3,780 14,280 1 12.000 45,400 :Be.lance in :fund at :close of Net rbusiness Credits:A‘pril 3,1919* 20,659 : 35,281 : 236,575 :: 38,354 33,139 :: 57,025 465 26,771 493 ; 11,629 19,812 75,15S 7,492 23,011 3,218 ■ 7,553 — ** 23,819 : 14,535 6.165 • 2 7.70 1 ... . 91,443 : 579,412 500 7..7.&0 38,780 — — 12.000 45,400 Balance at close of business Apr.3.191946,000 ; 70 j000 59,889 95,000 36,000 37,000 264,064 40,931 25,500 35,360 1,684 86.479 •797,907 01 gold by banlcs througn trans- fers and sett.lei.i«ents< Decrease • 3,334 3,110 8,861 535 4,507 I 5 ,iss ; Increase — 48,762 - 2,492 4,174 4,072 1.165 " 56,491 56,491 l 6 , 7S2 — .._ WEEKLY REPORT SHOiING GOLD RECEIPTS AND DISBURSEMENTS OF EACH FEDERAL RESERVE BANK DURING 1EEK ENDING APRIL 4 lqiq cgm'immm. (Figures do not include Gold received from or paid to another Federal Rese^e Bank!) ' 9 9' Not. fo.r .publication.,-------------(In thousands of dollars; i . e ., OOP omitted.)___________ " St >338 R E C E I P T S " ' — — -------- _____ Credits to deposit accounts U-S.Gov't. ; Member and non— All other Total receipts Gen’ l-acct. ; member banks Total ___N* S. * 195 10,000 52S 10,526 540 11,093 2,470 1,170 — 3,64o 3 ,6 4 9 4so 151 — 631 724 SlU Si4 Sl4 603 83 2,465 22 3 ,0 90 S 299 15. 2,535 7 2,557 1 11 76 76 761 64^ 11 22 266 49 315 42 379 11 126 42 162 179 ** 3 2 125 125 r9* 1 612 s6s 20 S91 --- 2§-________ ,972______18^665 3J 00 22*165 _ l x4oo____ - „ 2 4 * g 4 _ D I SB U R S E M E N T S ~ In exchange; Debits to deposit accounts for U. S Hesaber and non- : All other : Total F.R.Notes Government member banks : Total N.S. ^Disbursement s — 51 51 136 1S7 —■ 1,393 2,082 2 , 0S2 3*475 15 15 S4a 827 1,564 — 50 l ,6 l4 84l S S 1*00 1,249 724 5 5 726 56 782 ik z 309 24$ 699 75 100 175 135 Received in exchange for F.R, notes Fran U. S. From From non Government members members Total 166 21 1 S7 16 3 25 2 7 9 62 31 93 Boston New York Phi lade lphi a Cleveland Richmond Atlanta 603 Chicago St* Louis Minneapolis Kansas City Dallas San Francisco__________________ __Total for System____ ____ 603_ 7 10 11 11 _________ 2 _ _ 280 2,382 2,236 256 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total_for_System_________________________________ ________ Excess receipts Excess payments (a) W f o r e ^ ea S ^ . t M “ w .27 4,64g ^ ^ Sh° " " ^ 69 21 18,253 WeeW7 Stata“9nt 23 11 1,31s 92 32 32 M . ____ io ^ ojo ______ 19,571 449 t0 metho4 of (a) I&,47 4 *«r «ol* received f r « Be leased for publication Sunday morning April 6, 1919# not earlier. St. 313 STATEMENT FOE THE PRESS. April f», 1919 . Largs withdrawals of Gove ran: snt deposits apparently in connection .n.t'i the redemption be fora maturity of Tier-su^y certificates due May also tod- 3X10oia;e liqjiidation of ccranercialA war paper are indicated by the Federal Reserve Board’ s weekly bank statement issued as at, close of business on April I919. The banks1 gold reserves show an increase of S .6 millions following gold de posits by the Treasury. War paper on hand declined 16.1 millions, other discounts - 2-2 millions, and acceptances -• 7-3 millions. Treasury certificates, largely of the l~year 2 per cent type to secure Federal Reserve Bank note circulation, show an in crease of U.g millions. Total earning assets, 2,31^*6 millions, chow a decline for the week of 20.7 millions. At the end of the week 5 Federal Reserve banks report aggregate contingent liabilities of 11S millions on paper rediscounted with or sold to other Federal Reserve banks, an increase of 39.5 millions o^er the corresponding total reported the week before by 1+ banks. Government deposits decreased 53.1 millionc, while members’ reserve de posits gained 2^.1 millionsi Net deposits show a. decline of over 35 millions. A total increase of 25*9 millions in Federal Reserve note circulation is shown, the New York bank reporting over one half of the increase, while the banks' agsrerjate liabilities on Federal Reserve bank notes in circulation in creased 3*5 millions. As a result of the gain in reserves and the considerable decline in de posit liabilities, the banks' reserve percentage shows a rise from 51*9 to Released fur publication Sunday morning ^April 6 , 19195 n°t 0 ,rl ier • St. STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANES AT CLOSE OF BUSINESS APRIL 4, 1919. R E S O UR CE S Anril '+, 1919 Jfarch 28, 1919 April 5, I 9I 8 Gold coin and certificates $ 326 , 791,000 $ 433 , 780,000 $ 333>3SU,coo Gold Settlement F e d ~ F. R* Board 563. 577.000 331 , 163,000 612 , 711,000 Gold with foreign ag^n^ies 5 ,8 2 9 .0 0 0 5 2 .5 0 0 ,0 0 0 Total gold hold by La.aks 946 .095.000 896 . 197.000 9 17 , ^ 3,000 Gold with Federal. Reserve Agents 1 , 100 , 173,000 ' i > i i 3 , 070,000 373 , 077,000 104.682.000 Gold redemption Fund 133.038.000 2 3 .U0U. 00Q Tstal gold reserves 2 .150.950.000 2 ,lU2 ,305,000 1 ,813, 92U ,000 Legal tender notes, silver, etc. ___ 67 ,678.000 68.219.000 63 .50 9 -000 Total Reserves Bills Difsorexite.i (Sscoi od by GovH w-*r obligations (All othsr Bills bought ir? 0£>en market ToW I bills on hand U.S. C’cvemment long-term securities U-Sa Government short-term securities All other earning assets Total earning assets Baok premises Uncollected items and other deductions from ?ross deposits Rsiei^i on fund against F . R. bank notes A11 o *cher a/eeoarc es TOTAL RESOURCES L I A B I L I T I E S Capital paid-in Surplus Government depo si t s Dae to members - Reserve account Deferred availability itema foreign Other deposits, lncluding/^ovornSint credits Total gross deposit? F. R. notes in actual circulation F* R, bank not?s in circulation - net liability All other liabilities T o m LI AH LI TIE 3 Ratio of total reserves to net deposit and F*R* note liabilities combined Ratio of gold reserves to F* R% notes in circulation after ♦ setting aside 35 /^ against net deposit liabilities 1 , 674 , 916,000 193 .066,000 2 . 218 . 628.000 1 , 691. 010,000 195 .230 .000 248.107.000 2)40.790 .000 2,108,772 jOOO 27,134,000 1 78 .646.000 1 73 , 797,000 9 ,7 1 2 .0 0 0 660,066,000 356 , 954,000 7 ,067,000 537,000 7.738.000 7.2 74,000 ____ 324,000 .5 ,229 , 928,000 3,459,659,000 5 .202 . 335.000 8 1 .658.000 49 ,^ 66,000 8i,64i,ooo 49,466,000 25.817.000 5 .2 02.335.000 52 .2^ 63.755 74 ,494,000 1 , 134,000 168,14 7 ,000 1 ,6 31,167,000 104}818,000 1,473',294,000 4 s4 , 906,000 226 ,139,000 ___ 82 .067,000 2,401,491,000 1 ,88^ 318,000 2 , 521, 776,000 1,479,920,000 145 , 540,000 7 ,360,000 30.014.000 q.qys.OOO 5 ,2 29,923,000 3 > 59,659,000 117 ,271 .000 149 ,449,000 260 , 400,000 3 .222.000 2 ,3 3 5 ,285,000 l,224,4ll,000 6 4 4 .9 5 9 .0 0 0 6 . 792.000 2,348,325-000 2 ,5 4 7 ,6 7 0 ,0 0 0 , 326.503.000 ____________3.000 2 , 31 ^ , 555,000 9 . 713.000 1,655,298.000 487,593,000 _120.426,000 1 ,8 7 7 ,4 3 3 ,0 0 0 3 0 4 ,0 7 5 ,0 0 0 269, 808,000 2 ,1 3 4 j 4 7 ,0 0 0 900,386,000 2 7 ,138,000 60,403,000 ___________ 3^000 8 5 ,002 ,CCO 2 , 210, 52U ,000 51 . 9$ 62.4£ 6 3 . 5/0 313 ^Released for publication Sunday morning A pril 6j 1919; not e a rlie r. TEIOI'J.Y STATE,IEITT OF RESOURCES AND LIABILITIES OE THE FEDERAL RESERVE BANKS AT CLOSE OF (in thousands of dollars.) R E S O U R C E S Boston New York Phila. Cleve. Richm. Atlanta Chicago Gold coin and certificates---- „ 3,1 71 248,989 117 18 , 79 s 2,158 8,172 22,707 Gold w u t l j j \ m d ~ Federal BUSINESS APRIL4 , 1919 . St .3 13 b St.Louis Minn. Kans.Cy. Dallas San Fran- Total 3,978 8,269 156 6,076 10,793 333,384 Reserve Board 3.4J8Q__ _224 J?80_44,010. 58.533 26,885 11.312 101. 181 18.565 18.358 ^ 0 , 178 15.050 29.601 612,711 Total gold held by banks----- - 37,931 473,269 44,127 77,331 29,041 13 ,484 123,888 22,543 26,627 30,334 21,106 4o,39^ 9^ 6,095 Gold with Federal Reserve Agents — 55,500 281,59o 74,640 135.119 38, 521 ' 42,.577 239, 512 43,903 30,730 38,l4o 1 7 , 131102,804 1,100,173 14.082 25.000 9.934 '393 6.271 4.qq4 22 .S 4q 4.903 6.Q35 4.603 g.q4? 1.771 I04,6S2 Gold R^dar.p-r.ion Fund--------Tutal gold reserves — ------- 107,533 779,265 128,701 212,843 73,833 67,055 3 86,249 71,349 64,292 73,077 41,184 144,969 2 , 150,950 Legal tend?r notes, silver, etc. — _6.<17b___ 52.784 229 1. Il 6_____ 4s4 1.06.1 981 2.178_____ 112ll4 2 .237____________206____ 67 -678. To'.,al reserves — ---------- 113,709 832,649 128,930 213,959 74,3-17 63,13.6 337,230 73,527 64,4c4 73,19 1 43,421 1.45 175 2 , 218 , 62s Bills ) Sec .by Gov’t .war obligations - 1^3,631 623,657 169, 2 % 120,577 H6/1S2 66 >S3o 2Gb. 595 73* 306 Uht7QJ Uo,559 14,59 + 7*+» 1 , 07 -+, 91b Disetd)All other------------ - - M *9 25,572 13,182 3,-022 1 2 ^02 13,516 36 ',545 10,896 1,459 41,812 29,747 19,564 193,066 55,612 3,192 32.694 7,420 6 ,lG6 39,291 ' 13,334 26.594 8,846 2,173 3 8 , 31-6 240,790 Total bills on hand-- ---- — 160,552 709 , 88! 185,623 156,293 106.504 86, 51 s 262,431 98. 03 b 72, 7 d0 91,217 46,514 132,363 2,108,772 2 , 632 27,134 1,306 U*SrGovTt.lcng term securities -llo 538 8,867 3,567 1,083 4,476 i, 234 1,385 377 l', 153 178,646 it, too 6,512 5,934 U *SeGov 51 * shor t~1erm secur i ti e s- 15,41$ 0?8 8,474 64,873 16,356 i4,o4s 16,612 11,568 95,375 * — — — 3 All other earning assets -----3 r;^ Total earning assets-------- 176 , 5^6 776,060 203,354 171,424 113,113 95,372 283, 519 110,757 81, S54 106,018 54 , SSI i4i , 507 p 71)1 * ri JjJ 400 4co soo 541 221 500 3,302 100 Bank premises-- —---- ---- -— 296 9,713 217 2,936 Uncollectcd items and other 644,959 166,955 65,019 46,056 45,713 29,745 85,184 47,32S 15, 07 s 47,282 17,231 26,752 deductions fron gross deposits — 52,616 346 356 656 ,4c 4 1,580 6? l 2 o 2 6,792 716 825 5fo Redemption fund - F>fLBank notes 282 231 .437 1 07# 4]6 870 7,738 7?o 1 . 818 4q6 206 211 182 115 829 72^ All other resources *---- -----P 202,3^5 TOTAL RESOURCES---- •--- --- 344,609 1,782,370 399,4-57 432,706 C'zl ‘yLlrC 194,033 759,878 232 , 76 s i£ T , 853 227,963 116,870 3 ^5,060 L I A B I L I T I E S 81,658 4,699 9 , 21S 4 ,112 2. 971 3,74o 3,198 Capital paid-in-- ---------20,929 3,190 ll,4o6 3,825 7,587 6,783 l, 184 2 , 44 s 4 j ,4o6 2,421 Surplus----------------- *— 1,603 2 , 60S 3,552 1,510 6,4i6 2,196 2,996 21,117 1 , 415 4. .151 85.00S 6,.769 6 ;.921+ s',q4s 2,060 Government deposits-*--- ---5,072 2 . 915 7,312 187 12 , 235 3. 356 25,079 Bue to members - Reserve account — 94,919 391 66’ 219 3 8 ', 607 S2.1M0 1, 655; 29S 693,383 102,988 131,585 54 ,134 42' 134 230,185 65,013 4s (.593 Deferred availability items ---- -41,228 126,755 54,117 39,375 36,767 20,307 62,657 33,701 12, 250 34,057 12,555 13,824 5,75? ? ? o 4 26 146 ...... 77 986 .... 320 2 .108 1.09,97 s All other deposits — ------- -341 79 7:Q3 57 279 * . * Total gross dej^osits-- -- i4s. 723 960,195 165, 403 176 , 3 52 93,040. 65,4x3 295,137 107,965 64, 276 107,791 55,390 103,646 2 , 3-8,325 736.433 206,696 229.221 .128,946 115,173 425,120 109 , 2.22 87,151 99,520 49 . 565 191,014 2.547 ,670 F .R ,n o te s in actual c i r c u l a t i o n -- 169,609 149,4-" 9 5,249 34,497 15,170 12,644 9 , 19s 5,332 13 , 0.10 6 ',504 6,482 7,856 19,44-0 F.R-bank notes - net l i a b i l i t y --14,067 708 1,481 1,029 1.719 9^5 25,817 A ll other l i a b i l i t i e s — ------- 2.003 1*205 1.777 2.431 .....9..J,93_ ..951. _2*153_ i • TOTAL L IA BILITIES --------vCon*c:uigent l i a b i l i t y as endorser on 'Sills discounted. with or sold to * othei* Federal Reserve banks ~ 12,597 L *+3,^50 - S - 2 0 ,0 0 0 - — - . - 1 0 ,0 0 0 3 2 ,1 7 ^ - 112,021 Released for publication Sunday morning April 6, 1919; n°t earlier. STATEMENT OF FEDERAL RESERVE AGENTSf ACCOUNTS AT CLOSE OF BUSINESS (In thousands of dollars.) Boston New York phila- Clevel. Richrn. Atlanta Chicago FEDERAL RESERVE NOTES: Received frcra C'crofroller---- * 230, 920 1,413,3 SO 3^7,220 3 3«,S ‘4 0 215,620 212,960 '57^,560 Re-hr-nsd to Ca-ptroiier ----82.913 4g6r29b 106,3 52 6 3 . 55?. 5 7 , ^ 6 52,507 93,633 Chargeable to F .R .A g e n t ---- 192,007 932,08^24-0,2o2 275,322 152,374 174-7453~520, 927 20,740 132,400 25,100 J>3,260 2b,lb0 56,165 34,720 In hano.s of F.R.Agent ------ -zj-z APRIL 4 , 1919. St.Louis Minn. Kans.Cy. Dallas San Fran. Total 121,320 124, 8 SO 159,700 101, 960 256,4-20 4,212 880 45,102 26,144 4o, 183 27,630 35,992 1,103 1556 136,218 98,736 119,517 7^,330 220,428 3,109,324 13,040 10,390 13,980 23,280 6,000 395,235 Issued to F.R*Bank less amount returned to F* R* for redemption------- 177,26? CCLLA^'RAL SEC-PITY FOR CJ\ S m mi hG - IwTZG: 799,624 215,768 242,122 132,214 118,288 446,207 123,172 ; ' 28,346 105,537 51,050 214,422 2,714,089 “ ^ " " .. ~ Gold C'ji.n and certificates o:.- hand -------- ----------Gold r-3caption fund C-oJd c'.Ulrment- Fund - F.R,Board Sli&ijIo .papai, ai;x & s m r e t ir e d Tot,-; ---------------A^OCF: OF ELIGIBLE PAPER L1'h.J:veiled to p .R .a g e n t ---- 183,740 25,270 2,504 13,052, 11,500 12,256 14,751 l4,24g 2,521' 3,073 5^47 2,973 2,172 2,780 44,000 25,000 59,229 95,000 36,000 37,000 234,065 40,930 15,500 35,360 ___ S M i g g g J ^ ^ - 1C?,003 93,693 75-.711 206,695 79.275 ^ 6 l6 67.39? i'/(,2u7 /99,684 215,768 242,122 132,2l4 118,238 446,207 123,17 8 88,34b 105,537 160,632 709,881 151,876 154,206 104,308 82,o6l 2 62 ^3 1 82,787 70,315 91,217 12,581 237,747 2,866 13,326 28,520 1,624 29,478 773 906 TS.qiq 111,624 1 . 6 n ‘ qi6 51; 050 234v42g 2,714,089 46 , 5l4 115,032 2 , 037,260 ME M O R A N D A FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F-R* notes outstanding -F-R. notes held by bank -•-F,R*notes in actual circulation DISTRIBUTION OF BILLS, U .S . GOVERNMENT SHORT-TER!,1 SECURITIES AND YJARjiANTS BY L1ATURITIES. Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 90 davs Total Bills disc cun t o d --------------1.5JM-00 154,729 302,752 52,050 21,315" 1 , 867,982 Bills boughc in open market------75; 7?I 61,563 27,303 16,173 24b, 730 U-S,CrOvecrneni: short-term securities-2 4 ,/'04 _ 4,07*8 3,290 145,974 178,’646 Municipal warrants-------------3 _ 3 Released fcr publication Monday morning, April 7. 1919; * 3t e-rli«r. St. 31** CONDITION OF MEMBER BANKS. April 5, 1919. Redemption on a large scale of certificates of indebtedness of the Dec ember 5, 1918 issue prior to their maturity on May 6 in accordance with the Treasury announcement of March 21, and substantial withdrawals of Government deposits are indicated in the Federal Reserve Board's weekly statement show ing condition on March 28 of 772 member banks in leading cities. A decrease of 121-3 millions is shown in the holdings of Treasury certi ficates, the New York City members head of 54 millions. alone reporting curtailment under this United States bonds, other than circulation bonds, de creased 4 .6 millions, while loans secured by U. S. war obligations increased 4.5 millions. Other loans and investments show a gain for the week of millions, notwithstanding a decrease of about 7 millions reported by the New York banks. Aggregate holdings of U. S. war securities and war paper declined from 3,811 to 3,689.6 millions and constitute 26 per cent of the loans and invest ments of all reporting banks as against 26.6 per cent the week before. the New York City banks a decline in this ratio from 30-4 to 29.8 For per is noted * Government deposits declined 81.4 millions, largely at banks in the 12 Federal Reserve bank cities. Other demand deposits (net) fell ions, while time deposits went up 9.3 millions. millions. Cash m vault increased 2.2 Aggregate reserve balances with the Federal Reserve banks increased 8.5 millions, though like balances of the New York City members show a decline for the week of 19*6 millions. ica^e W.oT publication Monday aorning April 7, 1919; not earlier. ' St. 312-a STATEMENT SHOEING PRINCIPAL RESOURCE I S ) LIABILITY 1 T M S OF MEMBER BA23ZS IN HEADING CITIES, INCLUDING MEMBER BANKS LOCATED IN FEDERAL RESERVE BASK CITIES MID IN FEDERAL RESERVE BRANCH CITIES, AS AT CLOSE OF BUSINESS MARCH 28, 1919 . . , T.-ta for all reporting; banks in each district .________ (In thousands of dollars.) Boston New York phi-la. Clevel- Rich/i. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total : r0 , ’sporting banks— ------45 ^106 56 $0 S3 47 101 37 34 76 44 772 J,g bonds to secure circulation 14,402 48,83$ 11,597 40,883 25,190 15,265 19,911 io,90S 6,820 13,934 12,275 3!),685 26?,756 o+>«r y ,b o n d s including 37,295 70,264 47,722 30,300 62,150 £9,7^9 10 , S26 26,985 20,257 33,150 660,825 • L-:b->rty bonds-------- — - 13,408 221,643 .r .-.certificates of indebtedv“” -:ese---------------97.,053 542,462 130,978 142,273 6 7 , 03 s 63,950 255,061 66 , 6791+3,152 49,905 30 , 6 7 7 1 0 5 , 4 4 5 1 , 900,673 U.S. securities— ---- 130,863 1,178,947 179,870 253,420 139,95<X 109, 515\ 337,152 104,376 60 ,798 90.S74 69, 20§\ 174,280 2,829,254 poured by U.S.bonds, ate. 92,695 5^4,243 142,292 92,4ig 39 ,334)22,321 89,763 3 3 ^SO', 10,70? 11,381 7,071 J 21,847 1 ,128,053 ■n oth-jr loans & investments— 780,975 4,019,74s 625,012 990,326 374, 252/ 502, 83<yi,412,709 379,733 232,437 446,840 175 , 87V 512 ,111 10 , 252, 844Tv-a.vu balances with F.R.Bank- 72,080 625,881 61,527 87,965 36,074 29,706 157,517 38,386 22,849 47,297 16,615 48,924 1,244,821 .n vault------------ 23 , 26s 119,500 19,115 3 1 , 2.45 17,121 13,446 60,4lb 9,820 10,495 14,864 10,489 20,269 350 , 04s ~ Ted-u'.-nd ^.posits-------- 692,275 4,684,975 653,426 790,072 316,700 240,144 1 , 185,086 296,373 223,442 3 87,716 154 ,886 429,341 10 , 054,438 Txi. - d-T.u^tr.------- ---- 105,357 270,359 22 , 300294,521 77,838 104,708 423,634 95,457 54,318 66,559 28 , 18 3135,9 19 1,679,153 ^v-.MTaor.c d-wosits-------- 58.959 268.910 38,963 54.252 16 , 29s 15.810 88.740 22,969 10 . 36s 18,740 14,552 ________ 608,561 2. Tja.t5. for banks in Federal Reserve. Dank cities, Federal Reserve branch cities, and other reporting banks* New York Chicago All F-R.bank citics F-R-branch cities All other Tota^l reporting banks liar. 28 Mar. 21 Mar.. 28 Mar.-21 .2 8 M«*r.21 Mar, 28 Mar. 21 Mar. 25 Mar. 21 Mar. 28 Mar. 21 No. reporting banks-65 55 44 44 255 255 1^0 l60 357 357 772 772 Tu S.bonds to secure circulation-----3S,6lS 37,94? 1,169 1,169 102,922 102,251 54,829 $4,829 n o , 005 l * g > 267,756 261,081 Otii.;r TJ.3 .bonds includin- Li&crty bonds ~ 243,884 242,611 25 , 95b 27,151 .* 370,087 369,752 ll4, l4> 119,156 176,595 176,527 660,825 665,441 u 43 -certificates of indebtedness---77 9,743 833.7is 151,364 157,1?- 1,286,643 .i,3-6,234 290,97 5 3 03,3 19 3 23 , 055 3 42,465 1 , 900,673 2,022,018 Total U.S.securities — 1,062,245 1,114,276 178,459 185,494 1,759,652 1,845,243 459,947 477,304 609,655 625, 9 9 3 2 , 829,254 2 ,9 5 > ,% ) Loans secured by U.S. bonds, etc.-----525,200 525,337 64,862 65,703 • 3-, -,.;,q4 891,409 105,131 106,367 125 , 69s 125,775 1 , 128,053 1 , 123,551 All other loans and investments------ 3,617,397 3,624,293 882,924 £75,200 6 , 769,260 6,767,747 1,525,59? 1,513,393 1,957,987 1,952,184 10 , 252,344 10,233,324 Reserve balances with F-R.bank----------------- 590,635 b io , 173 110,305 Io 4 ,o 4o 925,176 917,753 Cash in vault-----105,900 104,5,42 35.258 35,715 2w4,64q 201,656 Net demand deposits-- 4,294,280 4,314,240 807,712 793,633 7,128,256 7,124,054 Time deposits-----211,137 206,088 162,533 l62,8S<5 682,94? 676 , 95° Governnent deposits-246,734 283,766 54,062 54,60^ 44i, 2u0 % } .,1 P 3 ‘ Ratio of U-S-war securities Ini fnvalfSinti? p?r c? ^ 3" 8 29-8 30.4 21.5 22.2 27-1 27-7 149,812 152,194 169,833 166,383 1 , 244,821 1 , 236,335 55,267 55,085 90, l4l 91,014 350 ,04s 347,755 1,242,310 1,238,671 1,685,272 1 , 696,11? 10,054,438 10,058,842 425 ,344 483,08? 510,2o7 509,888 1,679,1^3 1 , 669,934 M , 321 8§,2 5+0. 6$S,56| 6?C,C45 24.4 25-2 23-2 23-4 26.0 26.6 C O N F I D E N T I A L Not for publication PERCENTAGES OF GOLD AND LAVJFUL MONEY RESERVES AGAINST NET DEPOSITS, PERCENTAGES OF GOLD RESERVES AGAINST FEDERAL RESERVE NOTES IN ACTUAL CIRCULATION AND OF TOTAL RESERVES AGAINST COMBINED FEDERAL RESERVE NOTE AND NET DEPOSIT LIABILITIES OF ALL FEDERAL RESERVE BANKS. Ratio of gold and lawful money reserve to net deposits , Mch. 28---Apr. 4 Ratio of gold reserves to F*R- notes in actual circulation Mch,2'E--—Aor * 4 Ratio of total re servos to not deposit and F. R. note liabilities combined Mch. £3-Anr. 1+ . ____ Ratio of gold reserves to F,R♦notes in actual circulation after setting aside 35% against net deposit liabilities Mch. 2'S-- Apr- 1+ Bopt'^n 48.2 45*9 4o.o 1+1-0 1+3.1+ 1+2-8 U9.2 47-2 Mew York 63<5 66.3 U0.5 1+1,6 52.4 5I+.I+ 71.3 75* '4-0.6 44.2 4l.4 Uo,9 1+1.2 1+2.0 1+4.2 45 . 1+ Cleveland 62.1 60 .2 6o,S 5 9 -I 61.3 59-5 77 *0 73.4 Richmond Uy-3 62 .*+ U0.3 31+.7 U2.3 1+2.2 i+5.3 44.8 Atlanta 61.7 57 *6 4o>3 1+1.3 1+5.2 i+5.2 1+8.2 48.3 Chicago H5.9 59 5 7 1 o8 61.7 62.6 61,0 77 -7 73-8 St. Louis 51.4 4o.s 4?,. 6 1+1+.7 1+5.6 >+3 >3 •51*2 ^7-9 Minneapolis 38.0 54-3 66*4 1+3 ,2 56.3 1+7.2 6 S .0 54.1 Kansas City 4o.i 50.3 43 .0 1+2.9 1+1-9 U5.7 46.1+ 52.3 Dallas 49.7 61.2 U0.2 1+0-5 '1+1+.5 U9.5 52.4 60.7 51*7 ^9-6 50,6 5U .7 50.9 53.2 57-7.. 6'i .0 55.4 59-5 1+9 .1+ 1+7.3 51.9 52-2 63-5 63 >7 Philadelphia car “Franc i sc 0 jUpAkT...,.:.1 ...... --- - ---- — Total — DIVISION OF REPORTS AND STATISTICS FEDERAL. RESERVE BOARD APRIL 7, 1919 C O N F I D E N T I A L Notjfyor publicatio n (In thousands of d o lla r s .) Federal Reserve Bank St .319 RATIO OF •'FLOAT" FOR EACH FEDERAL RESERVE BANK TO IMMEDIATELY AVAILABLE DEPOSITSA p ril 4 , f 1 t "FLOAT" ' ‘ "F lo a t 11 after <a d d i t f g .n e t debit 1 Ratio to ’ or deducting net credit in •Uncollects d* Deferred 1 Saturdayss settlement 'im mediately 1 •a v a i l a b i l i t y 1 * items 1 * items 1 Amount 1 available ’ Amount ’ Ratio to immediately 1 1 * available deposits » ■ 1 deposits 1 '"F l o a t " afte r deducting National and F.R. 'Bank notes, also net investment in trans’ fo r s from second calculatio n » » * Ratio to immediately av ailable deposits 1 .Amount 1 52,616 4 1 ,2 2 8 1 1 ,2 8 8 10.6 8 ,5 2 7 7-9 8 ,3 6 1 7 .S 16U.899 1 2 6 ,7 5 5 3 S ,io 4 4 .6 Us, l 4 l 5-8 3 7 ,6 4 7 4*5 Philadelphia 65*019 5M 17 10,902 9-S 1 5 ,3 9 5 13 *s 1 5 ,3 9 5 13-8 Cleveland '46,056 3 9 ,3 7 5 6 ,6 8 1 4.9 6 ,2 7 3 4»6 5 ,8 8 2 4 .3 Riclmond 4 5 ,7 1 3 3 6 ,7 6 7 5 ,9 4 6 15*9 10,031 17.8 9 ,9 9 9 17.8 A tlan ta 2 9 ,7 ^ 5 20,307 9 ,^ 3 8 20,9 6,397 15*3 6 ,2 6 3 13-9 Chi cago 8 5 ,1 8 4 62,657 2 2 ,527 9-7 16,050 6.9 10,722 4 .6 St. Louis 4 7 ,3 2 8 3 3 ,7 0 1 13,627 i s .3 9,666 13,0 S, 222 l l .l Minneapolis 1 5 ,0 7 2 12,250 2 ,8 2 8 5 'k 2,56 s 4.9 2 ,2 5 8 M . Kansas City U7 ,282 3 4 ,0 5 7 1 3,22 5 17.9 1 3 ,3 7 4 1 8 .1 4 ,9 4 0 6.7 Dallas 1 7 ,2 3 1 1 2 ,5 5 5 4 ,6 7 6 10.9 6 ,4 3 9 15-2 4 ,1 0 0 9*6 1 2 .929 13-6 1 1 .8 5 0 12-5 7 >746 8 .2 1 5 5 ,2 7 1 8-3 1 5 5 ,2 7 1 8-3 1 2 1 ,5 3 5 6.5 Boston New York 01- \ U'T’OYiri ► Total 26,752 642,863 - ■ - 1■*-'-»... 3 .5 -------23 487,592 DIVISION OF REPOSTS AND STATISTICS FEDERAL RESERVE BOABD APRIL 7, 1919 1919 C O N F I D E N T I A L Not for publication V Bank St *3 19* COMPOSITION OF UNCOLLECTED ITEMS AND DEFERRED AVAILABILITY ITEMS. (In thousands of dollars.) UNCOLLECTED ITEMS Checks :National Bank and : notes and Clearing : other rbank notes of Transfers All other : other bought uncollected: ho-ise : cash : items : exchange s : items r I\ R. Banks DEFERRED AVAILABILITY ITEMS Gold T Settlement V Suspense. i . 15,102 Total 26 , 12.6 4l,22S - 64,653 126,755 4,000 28,428 54,117 - 1,013 25 , 50 s 39,375 3,964 - 2,271 25*532 36,767 29,745 2,830 - 953 16,474 20,307 6U 166 - 42,719 52,616 23.2S5 7,422 10,^94 - 123,654 164,359 62,102 Philade Iphia 3,258 5,113 - - 51 , 64s 65,019 21,639 Cleveland 5 ,2 5 1 22 261 4o,392 46,056 12 , S49 Si chn or: d 3,516 121 32 - 4s, o44 U5.713 Atlanta 2 , 2 :o 13U 634 - 26,691 Chicago fa, 542 St. Louis 1,795. Minneapolis New York 130 : Transfers : Government: Other : : transit ; transit : Total : sold items : items : - 3,667 Boston April 4, 1919 - 63s 4,s4o 7 2 , so 4 85,134 24,837 210 133 37,427 62,657 13 734 960 43,326 47,323 12,346 250 699 20,4 c 6 33,701 1 , Ui.'-i 1 65 3**5 13,326 15,07s 5,697 - 464 6,089 12,250 Kansas City 602 666 207 S/227 37,530 47 52S2 8,832 - 25,175 34,057 Dallas 26S 33 374 2,115 14,436 17,231 4 , 2G3 90 755 7,447 12,555 1 , 30 s 21 185 3,926 21,312 26,752 3,50s 7 50 10.259 1 3 , S24 5s, 517 13 , 620 13,^50 20,443 536,432 642,363 133, 119 557 10,393 293,524 487,593 San Franciscc> Total - DIVISION OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD APRIL 7, 1919* ; -
@FedFRASER