The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Released for publication Sunday, April 15, 1917 - Mot earlier.
\
STATEMENT FOR THE PRESS.
April 14, 1917.
Large issues of Federal reserve notes and corresponding transfers of
g°ld_ +-0 Federal reserve agents are indicated by the Federal Reserve Board's
weekly bank statement issued to-day as at close of business on April 13, 1917.
Aggregate gold reserves of the bank3 show a decrease for the week of about
26 millions, while total cash reserves declined about 34 millions. The gold
resources of the system, including amounts of gold held by both the Federal
reserve banks and agents stand now at $949,870,000, having increased by $6,318,000 during the week.
New York reports large net withdrawals of gold and reserve : -posits and
a considerable increase in the total net balance due to other Federal reserve
anks. About 11.4 millions of notes were issued by the Federal reserve agent
and over 10 millions put into circulation by the bank. A loss of about 3 mil
lions m reserve shown for the St.Louis bank is accompanied by a change of an
adverse to a favorable balance in account with other Federal reserve banks and
y considerable withdrawals of Government deposits.
In the case of the Minnea
polis oank a decrease of 2.6 millions in reserve is caused primarily by invest
ments in confercial and bankers’ bills, while in the case of the San Francisco
ia t.'V 0 c^ecreaS0
2,4 millions is nearly offset by an increase in the
ank
balance due from other Federal reserve banks*
+ MiSC£Unted PaP0 r o n hand increased about 4.1 millions, all the banks exnf^+v, 6+ + ° ^
^ansas City reporting larger figures than the week before.
f dlscounts held, $5,546,000 as against $2,541,000 is represented by
™+
J collateral notes reported by 11 reserve banks.. Nearly 75fo of these
he? f .by the Cleveland, Richmond and St.Louis banks. A decrease of
t
nullions is shown for the total of acceptances held.notwithstanding
in h° ldin§s of about $700,000 reported by the New York bank.
decre^se1 of3&411
Securitles are sported by 2 banks, resulting in a
in rr'l
+ ^
in
amount of U. S. bonds, and an increase of $328,000
ch^np^
01 on®*“year Tr^asury notes held.
There has bsen practically no
change m the amount of municipal warrants on hand.
Cat«e.Af f r?!JtS+i?V0StnientS> includinS the 50 millions of 90-day U. S. cert if iSid
^
SSS> ar@ n°W $227>413,000, or 403 per cent of the banks'
ments 35 4
as against 400 per cent the week before. Of the total investStatss ('prtif
+
is represented by acceptances; 22.0 per cent by United
Tent V
r Y *
in0
d\bt9d^
*5.9 Per cent by U. S. bonds; 10.3 per
7
ea^ury notes;
,.7 per cent by discounts, and 6.7 per cent by warrants
in capital re ^ult
aggregate' amount of'the b an k j ' p S d
Bank a^d the cS v p ^
f r°r\ admission to membership of the St.Louis Union
4.2 miPions for t h e ^ y e f t V ^ on;Pany- Government deposits show a decrease of
due
however, chiefly\o
admitted members,
* °
ChicaS° fcanks~- Reserve'deposits
lnclude tne initial deposits of the newly-
Federal^ reserve agents report a total of $431,788,000 of notes issued
an
holdel4ioa796nnooh9frf0e^ ° f $3J ' 0S0; 00C- Against the total issued the agents
^ c t l 1^
^
» • * * * f - a total F.
c r e d ir ^ t c thP N
y C,irCU^a^ 0n^ thou^h nearly two-thirds of the increase is
bar“ o-i F a - ^ 1
***
S° bank3*
^
liabilities of the
S
TS
i i nless +r
e36+
?
a0XeS before.
ln circulation are given as $13,034,000 or
or
ipl,
2ol,
wOO
than
the
week
Released for publication Sunday morning April 15, 1917>
Nc*t earlier
x oh
STATEMENT OF COMPTOD RESOURCES AND LIArILITIES OF THE W S U E FEUDAL RESERVE EAUKS AT CLOSE OF BUSINESS APRIL 1 ,
R
Gold
Gold
(told
E S O U R C E S
coiR and certificate m vault..........................................
settlement fund...................................................................
redemption fund with United States Treasurer..............
tiU 1
J 5 17April 5-6, ISl/ January 12,1917
$338 .-369,000
rf.? 47? non
poo qoo oAo
1 9 8 ,2 ^ 0 0 0
loo 12o'ooS
^ l u i 'o o o
Z’ . :-'V4,000
-"-- r' : or,
- ‘—
Total gold reserve.............................................................
Legal tender notes, silver, etc...............................................
T&oW tao
Five per cent redemption fundagainst f1 r! bank"notes!i'!
Bills discounted - Members....... .............................................
Acceptances bought......................................................................
Urited Sta+ss bords
Jmtea bta.eo bonds.....................................................................
One-year Treasury notes.............................................................
United States certificates of indebtedness...........................
Municipal warrants......................................................................
Total earning assets
...................................................
to^OOO
22,003 000
80 60U 000
ifi Pin nnn
3 b ,218,000
23, 370,000
50,000,000
15,212,000
22 7 ,4 l 3,000
■
^ J f r .O O O
ife s
58 ' g o ' o S
17
3^,629,000
23,042,000
50,000 000
m >?n7 '’ nno
225,5*1,000
4 | i
"n ocA AAA
sfo &o O O
$ £ £
t TOT.L R E S O U R C E S .^ .;........................................................
* * ,8 8 9 ,0 0 0
W
Sv e^fL jo su s::::::::::::::::::::::::::::::::::::':;
Due to members - reserve account.............................................
kember bank deposits - Net...................................................... .
7 ^ 1 ,5 ^ 0 0 0
..
.
f 5 « ,W ,0 0 0
f c O .'^ O O O
Collection it e m s .......... .............................................................
131 , 0614, ioo
105, ^ 6 , 0^0
m ,
S S S ^ S ^ t r i i a M i i t ; : : : : : : : : : : : : : : : : : : : : : : :
All other liabilities........................... ....................................
TT..BTT T^TTTCJ
8 8 9 ^ 5 ^
October 13,1916 April Ilf 1916
oc.-, hr,rC ^ r,
p :,r
S ' * ? ’™
^ ’1 ^ '° ° °
i' f --J 75,690,000
y fc ^ k W o
U l^ O O O
„
W ’™
' ? 'S
7 7,527,000
42,642,000
10 444 000
>0j 0
A,* Ai’.A AAA
• Is M l M O O
5
■'
^
is H & g g
V g jfrg g
3 3 ^ 0 3 ,0 0 0
350,000
ff- ^O O O
44,108,000
44 q24 000
V Ith n S
3,234,00^—
*’ '
l l o 'l f f i o S
•
^
* ,« s ,o o o
gih Q-,3
Ar T DiH?u" 3
$98**,889,000
71 „2;;
73-9#
0
L
...... ; ; • * • • ; ...........
Gold reserve against net deposit and note liabilities.......
Cash reserve against net deposit and note liabilities.-Cash reserve against net deposit liab. after setting aside
40# gold reserve ag'st. net liab, on F.R.notes in circulation
74 . 5#
MEMORANDUM: Distribution by maturities: April l ;, 1917
: . 15 d3ya
Bills and acceptances................................................................
*>,7**5,000
Municipal warrants......................................................................
3 * 5,000
\a) amended figures.
^ O O
'^'U - O D O
(,)?lt^r'n™
a 1 'q ?q ™
U )115,979,000
4 l ,106,000
14,857 000
1017 .
rpn nnn
---- sgO,000
981, 131,000
73-0#
75*4$
'
76 if,
l6 _ ' 0 days
21,5^3,000
••
292,000
^
,u w
238, 0M
« A o o o
** AAi AAA
. .271,000
889, 118,000
71 ka0
7^9^
0*:?/f’
7 ii U n
31 - 60 days
26,038,000
12, 232,000
31*, 732,000
V ..? '? ? ?
.* ,* ,0 0 0
464.000
638 , 253,000
71 W
7, * c^
o *°/f
7h hd
6l - 90 i y.s
l j .j l y .d w
2 000
9, i i , ™
1,423,000
5 2 6 .0 0 ^
52/ s 44 oo§®
,? ‘+‘+,uuo-'
73*7/
^
Over* L s
920,000
2, 31*1000
J
Released for puMication Sunday morning AprillJ^ 1917Not earlier.
WEEKLY STATEMENT OF RESOURCES AND LIABILITIES'OF EACH OF THE FEDERAL RESERVE BANKS AT
( In thousands of dollars)
Eoston
N. Y. Phila. Clevel. Riehm. Atlanta- Chicap*
R E S O U R C E S .
Gold coin and certificates in vault $ 13^95 189,519 21+, 072 18,398
5/792
6,171 27,361
19, 811+ 27,692 17,457 25,017 15,815
Gold settlement fund
3 ,iCb 36 , 9/9
50
250
250
Gold redemption fund
14
. 3 77
652
200
Total gold reserve
33,359 217,1+61 41,7 79 43,429 21,988
9,991 64,540
Legal tender notes, silver, etc.
503 .... 1.4,947..
...236 . __24 ____ 85
994
1,150
1 1 ,862 . 23 2 >1+08 42.015 43.523 22,073 10,985 65 ,690
Total reserve
5$ redemption fund-F- R. tank notes
2,703
Eills discounted - members
?l+0
4,663
2,296
1,220
1,323
2,719
Bills bought in open market
10 j597 . 1-1x993 11.226 .....5,360
6,515
6,824
2,829
13,300
Total bills on hand
8,044
19/733 12,5^9
8,079 11,198
5,125
United States bonds
1,306
549
5,844
530
1,152
7,007
675
One-year Treasury notes
2,788
2,19^
2,548
1,969
1,775
1,491
2,995
3,000
U. S. certificates of indebtedness
20,000
3,500
2,000
3,500
1,500
5,000
Municipal warrants
178 . ...5,174 -L.504 ._ 2,990 ______15
12
2.267
Total earning assets
19,202
^9,001 20,650 22,188 16,334
8,803 25,313
Federal reserve notes - Net
2,103
966
11,557 » • » • »
5,878
Due from other F. R. banks - Net
4,786
3^3
5,030
2,987
Uncollected items
16,448
9,286 23,060
37,995 22,947 12,531 10, 1-13
70
All other resources
545
162
856
734
203
77
TOTAL RESOURCES
72,037 ._33 i ,5Q6 . 85x17.4.. .64,197 48,597 32,917 125,705
L I A B I L I T I E S .
Capital paid in
11,882
5,260
6,240
2,418
7,002
5,059
3,431
Government deposits
1+, 1+02
3,600
4, 288
4,819
3,544
5,613
3,169
Due to members - reserve account
1+2,698 268,1+83 49,877 60,832 26,744 19,275 100,203
Collection items
8,562
13,557
5,650 12,887
29,323 23,182 12,837
« * • • ♦ 2,075
Federal reserve notes - Net
6,478
2,030 .........
Due to other Federal reserve banks -Net .. .
17,250
386
213
All other liabilities
166 ___17.5 ” . . !
* 4
123
TOTAL LIABILITIES
I 2-, 03 7 531,506 85.,. n. 4 .8.4,197 .. .48x59.7. 32,917 125x7.05
MEMORANDUM.
‘,F. R. notes issued 'to the banks .
19,075 188,239 30,367 19,182 16,812 20,047 36 , 68!
•F.. R. notes held by banks
966
2,103 . 11*557... 2 , 0.75
601
6,918
687
F. R. notes in circulation
28,292
176,682
16,125
19,446
18,216
29,763
16,973
Gold and lawful money with Agcnt
lJ),P7b .188^.39 26j217 _ 19,182 „_2,64L 17,416 35,641
(t^) Difference between net amounts due :from and net amounts due
X-84
b.
CLOSE OF BUSINESS APRIL 13, 1917 .
St.Louis Minnis. :,Kaj5.Cy. Dallas
7,8097,811
12,526 11,913
8,817 26,487
6/732
2,39^
74
167
255
1 3 , -»5u 20,985 34,463 14 ,617
298
1,127
1,591
37
1 6 ,64l 21,283 34,500 15/744
xoo
1OO
1,666
1,852
672
1,770
5,304
920
1.568
3,587
7,074
2,240
2/772
5,253
3,966
2,233
8/792
1,735
1,784
1,444
1,430
1,452
2,000
2,500
2,000
2,500
456
560
1,068
177
12,498 12,438 15,772 10/728
4,271
906
9,308
38,158
139
60,925
2,327
9,606
301
41,373
2,945
688
28,000
166
2,419
3,316
29,025
8,605
2,803
459
1,123
103
12
33
4*, 3.73 . 38,158
15,877
1,224
22,229
3,088
3,050
47,529
6,981
277
** » »
60,925
24,437
932
23,505
23,228
5,421
1,006
32,999
2,722
2/731
23,253
3,094
572
627
32,999
20,662
S. Fran.< i©I,a-1
13,502 333,369
7,833 196,271
2,434
15
339,074
21,412
74
21,136
21,486 560,210
400 22,009
385
80,604
6,861
7,246 102,jflfc
2,429
36 , Sro
1,500
23,370
2,500
50,000
8,198
169,184
342
49,280
4,610
984,889
3,942
3,027
38,623
3,583
56,408
42,247
741,542
131,064
1 3 ,^
15,212
811
14,486 227,413
22,001
1,497
3,271 (a)l,071
♦ >fc*
« • »^ t
. . 105
49,280
6li|
984,889
18,179 431/789
374
1,051
1,491
29,979
20,288 16,688 401,809
14,653 21,178
. 13.530 20/719
19^.16....18,185. 410,796
to other Federal r e s e m banks *
15, 1917*
Released for publication Sunday morning April
STATEMENT
OF
FEDERAL
RESERVE AGENTS*
Not earlier.
ACCOUNTS
(In t h o u s a n d s
Boston
F e d e r a l Rese r v e Notes:
Received from Comptroller
Returned
to
Chargeable
In h ands
Issued
Agent
Amount
in
of
to
amount
F.
F.
Fc
R.
R.
R.
held
tc
2 7 , 3 7 6
2 5 6 , 9 9 9
by
F*
of
R.
0
8,300
CLOSE OF
BUSINESS
Clevel.
Richm.
Atlanta
4
0
2 9 , 0 6 0
29,500
36,380
7 / 7 5 3
5 , 2 7 8
, 5
2
34,767
68,760
2
3
, 7
8
2
4
,
0
, 3
6
7
1
3
, 7
3
0
10,213
1 , 5 9 7
969
9
, 4 8 8
20,012
4,600
1 + 0 0
,
'
1 3 , 1917 .
APRIL
dollars)
Phila.
2
c.
5
, 3
7
Chicago
4
8
31,002
3,200
1 0 , 9 5 5
6
2 0 , 0 4 7
4
St .
2
Louis
4
, 1
2
0
4 , 1 4 0
1
, 8
9
9
4,123
2
, 2
2
1
20,017
5
, 5
4
0
4
,l o
4
Minnls.
32,000
Kas.Cy.
37,720
4 / 7 2 1
2 7
5
,
2 7 9
, 0
5
0
3
4
, 2
3
,
6
5
^ 5 5
3
Dallas
S.
6
21,060
, 5
2
0
7,362
2 9 , 1 5 8
9,018
8,496
24,437
20,662
2
Fran,
, 8
8
Total
690,51+0
132,292
1
1 8 , 1 7 9
564,
. .
132,459
—
2 4
^
less
F«
R*
redemption
reduction
3 2 6 , 6 4 0
6 9 , 6 4 1
, 5
-
Agent *
Y.
4
9
Agent
bank
returned
for
$36,880
Comptroller
to
N.
AT
of
X-84
19,076
1 8 8 , 2 3 9
1 7 , 9 1 0
1 8 1 , 0 0 1
3
9
, 1 8 2
1
, 8
1
2
36,68!
1 5 , 8 7 7
22,229
431/788
1 8 , 1 7 9
Agent
liability
04I o u t s t a n d i n g n o t e s :
On
hand:
Gold
coin
Credit
As
certificates
redemption
Federal
security
Commercial
for
1,166
fund
Reserve
Board
outstanding
*
♦ 4 *
, 8
9
6
1
, 5
5
0
671
2
, 9
7
0
34,970
6,165
1 3
615
, 9 1 8
2
, 3
7
0
1
, 0
8
1
1,098
5
, 7
2
0
19,760
1
, 5
1
0
1,209
10,110
of
livered
commercial paper
Federal
Reserve
, 2
3
8
* *
•
» «
......
* t
•
*
......
«
19,076
to
7
20,890
8
, 0
0
0
5 4 7
♦ *
9,100
1
6 / 7 5 0
1 , 1 4 6
8
, 4
6
0
notes:
paper
Total
Amount
«
2
*
* 4
2
4
8
, 3
1
3
1
8
, 5
8
3
balances:
In g o l d
With
and
1 8 8 , 2 3 9
4
, 1
5
0
3 0 , 3 6 7
7,165
.......
1
9
, 1 8 2
1
6
, 8
1
2
2,631
2 0 , 0 4 7
1
, 0
4
0
36,681
2
,
3 ^ 7
1 5 , 8 7 7
9 4 6
22,229
24,437
20,662
1,510
1,216
1,918
de
Agent
4
, 1
8
6
7/712
2
, 6
4
4
1,056
2
, 3
5
2
9 0 5
1
7
«
«
1
8
, 2
8
i4
, 1
8
1 4 3 ,9 0 ^
0
5
•
2 0
, 9 9 8
431/794
22,594
@FedFRASER