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R e le a s e d for p u b l ic a t i o n Sunday m orning A p r i l 2 0 , 1 5 1 9 ; not earlier- April 19 , 1919 STATEMENT FOR THE PRESS. Siibi’iantial gains in gold reserves, largely through deposits by the U, S* Treasury* also through transfer by the New York Bank of "earmarked” gold to its reserve account, are indicated in the Federal Reserve 3oardfs weekly bank statement issued as at close of business on April IS, 1919" The week saw con siderable liquidation of war paper and acceptances, and seme reduction in Federal Reserve note circulation. TTar paper on hand declined 46*5 millions, while other discounts show a nominal increase. A large reduction is shown for acceptances on hand, all the banks reporting net liquidation of this class of paper. securities on hand went up 3*3 millions, U*S« short-term the increase representing chiefly additional investments by. the banks in 2% Treasury certificates to secure bank Federal Reserve note circulation. Total earning assets show a decline for the week of about 64 millions* Mainly as the result of large withdrawals of Government deposits the net deposit lia bilities of the banks show a decline of m illions. This together with a smaller decline in Federal Reserve note circulation and an increase of 19*3 millions in gold reserves accounts for a rise in the banks1 reserve ratio from 51*1 *0 52*1 per cent- Released for publication Sunday morning April 20, 19,1$); not earlier. r S“ r° c mx,mcES Mm in a b ilit ie s of tiie twelve iederal reserve st.3U.ia banks April IS, 1919 Gold coin and certificates $3 ^ 6 , 1 ^ 5,000 Gold Settlement Fond - F.R.Board 612 ,365,000 Gold with foreign agencies Total gold held by banks 953,510,000 Gold with Federal Reserve Agents 1 , 085 , 519.000 Gold Redemption Fund __ 118 , 125 looo Total gold reserves 2 ,162,157,000 Legal tender notes, silver, etc. 68.702.000 Total reserves 2,230,859,000 ( Secure d by Gov *t war obligations 1 , 720 , 960,000 Bills discounted (Aj.l other 201 , 31^000 Bills bought in open market 196.g8S.000 Total bills on hand 2 , 119 ,159,000 U. S. Government long-term securities 27.137.000 U.S.Government short term securities I 89 ,033,000 All other earning assets Total earning assets 2,335>33^,000 Bank premises 10 . 558.000 Uncollected items and other deductions frcm gross deposits 655 ,^46,000 5/3 Redemption fund against F.R^Bank notes S ,454,000 All ocher resources 7.99S.COO TOTAL RESOURCES 5,24s,646,000 L I A B I L I T I E S Capital paid-in 81.774.000 Surplus 49.466.000 Goveinment dep0 si ts 106 , 561,000 Due to members - Reserve account 1 ,655 , 860,000 Deferred availability items U96 J S 8 'COO Other deposits, including foreign gov't, credits 131.307.000 Total gross deposits 2 . 350 . 516.000 F.R. notes in actual circulation 2 . 543 . 704.000 F.-R, bank notes in circulation - net liability 155,074,000 All other liabilities 28.112.000 TOTAL LIABILITIES 5.248.646.000 Ratoo of total reserves to net deposit and F.R. note liabilities combined 52*155 Ratio of gold reserves to F.R. notes in circulation after setting aside 35 $ against net deposit liabilities 63 . 8$ at close of b u sin ess a p r il i s , April 11, 1919 $3 3 5 , 162,000 610 , 196,000 945 . 352.000 1,082,444,000 115.078.000 2.142.880.000 * 1 , 7 6 7 ,459,000 *200 ,465,000 218.590.000 69 ,109 ,000 2 .2 1 1 . 989.000 2,is6,5i4,ooo 2 7 . 136.000 185 . 711.000 ________ 22 .000 2,399,323 ,000 10 . 558.000 636 .334.000 6 , 988,000 7 , 332,000 5 ,2 72 ,634,000 169 ,972,000 1 , 628 , 693,000 S I . 750,000 4s ,46'6,000 487.153.000 128.481.000 2.414.299.000 2 , 54s,583,000 151,560,000 26.971.000 5.272.634.000 5 1 . 1# 62. 4# ^Amended figures. 1919April 19 , 191 s . 829,000 4i3 ’s:'9,ooo. __5£jl^ O j OOO ,1^-5 ,000 S5>4,822,000 -23 ,'] 79 >000 1,833 ,l4s ,000 , 158 000 1,898 ,307,000 564 ,724,000 243 ,321,000 __ 308 ,277,000 1 ,llb ,322,000 46 , 675,000 46 ,295,000 ____ 3 ,293.000 1 ,212 ,585,000 387,655,000 409 ,ooo 261.000 3 , 499 /217,000 74 .829.000 1,134,coo 7 5 . 49.9.000 1 ,469,s6o.ooo 256 , 220'000 53 . 322.000 1 . 889 .901.000 1 . 514 .287.000 7 ,295,000 11.171.000 3 .499 .217.000 62.9^ Released for publication Sunday morning, April 20, 1919; not earlier. WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS APRIL 18, 1919' (In thousands of dollars.) Boston 3,753 Hi , 523 45,27b 52,058 Gold coin and certificates--Gold settlement Fund - F.R.Board Total gold held by banks--Gold With Federal Reserve Agents Gold Redemption Fund------- 18,969 Total gold reserves ------ 116,303 Legal tender notes, silver,etc 6,371 Total reserves------. --122,674 Bills discounted: Secured by Government war obligations (a)---- - - - .148,618 All other ------------5,864 Bills bought in open market (b)6,4o2 Total bills on hand ------ 160,884 u.s.Gov»t.long-term securities 539 U.S.Gov't.short-term securitiesl6,4l6 R E S O U R C ptdla. Clevel. 106 22,920 42,331 §0,4l5 42,4-37 73,395 68,438 130,845 25,000 734,599 126,010 204,863 52,502 320 1,181 787,011 126,330 20b,044 New York 255,6 l6 176,507 432,123 277,386 Sto^lb E S Richm. Atlanta ChicagoSt. Louis Minn. Kans.Cy- Dallas San Fran. Total 2,209 8,275 22,971 3,900 8,270 121 7,ll4 10,830 346,145 26,882 17,770 127,991 22,361 31,4X9 29,994 7,356 37,814 612,365 29,091 26 , 045150,962 26,261 39,689 30,115 14,472 4S,b44 958,510 33,749 42,83 7 245,896 42,564 29,325 35,372 17,427 109,622 1,085,519 15,135623 9,552 5,244 26,0864,9373,015 7,o4l 1,929 597 ■ 118,128 72,392 74,12b 422,944 73,762 72,025 72,525 33,^28 158,863 2,162,157 587 1,368 1,353 2,248130 80________ 2,273 289 68,702 72,979 75,494 424,297 76,010 72,159 f2,608 36,101 159,152 2,230,859 , 671,695 166,448 126,582 28,744 54,730 14,688 S,46g 914 24,017 755,169 182,050 159,068 1,306 1,385 1,083 69,521 17,280 16,031 83,680 9,472 6,705 99,857 1,234 5,360 68,975 200, 29s 10,976 17,701 5,577 27,548 85,528 245,547 377 8,474 4,477 18,612 71,320 9,325 37,069 45,370 7,294 43,471 8,476 89,121 1,153 21,229 65,592 5,479 94,320 116 8,819 8,867 6,013 12,068 78,995 1 , 720,960 29,283 16,027 201,314 1,888 33,920 196,885 53,081128,942 2,119,159 3,967 2,633 27,137 4,400 6,044 189,038 * 21,910 • 825,996 200,715~lj67l82 268,'636“i02,342 74,527 109,200 ' 6 l,44s~ 1376192,*335334 Total earning assets------ 177,839 Bank premises - -- -- -- -800 3,37 2 500 875 217 2,936 54l 400 221 400 10,558 296 Uncollected items and other deductions frcm gross deposits 62,349 174,489 49,683 54,546 51,243 32,339 81,038 45,072 11,175 51,515 22,493 19,504 655,446 % Redemption fund against F-R. bank n o t e s -------816 1,812 825 875 90 44l 1,426 520 255 702 3 34 3 58 8,454 All other resources------288 1.706 6q8 3q7(cU.351 347 6 qq 274132 474 770 85Q 7.995 TOTAL RESOURCES-------364,766 1,794,386 378,751 438,919 232,410 203,217 779,032 224,759 158,24s 234,899 121,367 317,892 5,248,646 MEMORANDA (ft) Includes bills discounted for other F.R.banks, vi* - - (b) Includes bankers' accept ances bought frcm other F. R- banks With their endorsement - Without their endorsement(c ) - 10,000 25,000 - 9.212 744 Includss Government overdraft of $630, 00C 53,560 4,354 98,560 10,000 187 9,317 3,170 10,143 1 7 :3 4 2 Released for publication Sunday morning April 20, 1919; not earlier. WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS APRIL (in thousands of dollars-) L I A B I L I T I E S New York phila- Clevel. Rich®. Atlanta Chicago St^Louis Boston 20,956 Capital paid-in - - - - - - - 6,784 21,117 Surplus - - - - - - - - - - - 2,996 17,169 Government deposits - - - - - - 17,501 707,853 Due to members - Reserve account 95,906 127,069 Deferred availability items - - 46,174 118,^00 All other deposits - - - - - - 3>290 Total gross deposits - - - - - 162,871 970>91 738,169 F,R.notes in actual circulation- 174,092 F. R» bank notes in circula tion - net liability - - - - - 15,396 33,808 All other liabilities - - - - 2^627 9,845 TOTAL L IA B IL IT IE S ------- 555,765" 1,79^,386 Contingent liability as endorser on Discounted paper rediscounted with ether F» R. banks - - - Bankers1 acceptances sold to other F. R» banks - - - - - - - 10,143 9,209 7,585 2,608 3,552 5,005 12,928 93,438 126,462 43,172 42,358 752 442 142,367" 182,190 208,296 227,698 4 ,ISO 2,196 - - 52,635 42,005 3,201 1,510 3,888 45 , 4oi 24,667 107 93,717 74,063 125,792 115,216 77 11,404 3,826 6 , 4 i6 1,603 20,681 7,304 229,370 6i,4i5 63,185 32,366 1,844 337 315,080 101,422 423,145 106*357 15,66s 14,383 5,185 8,200 20,333 10,521 2,227 1,887 1,340 1,027 .2,654 1,030 J7^7'5l^J879'r9^52T4To W , ^ r 7 T 9 T 0 3 F " 2 ^ r 5 r St-J^lc is, 1919. Dallas San Fran. Total 4,702 81,774 3,201 2,978 3,7^8 2 , 44s 49,466 1 ,184 1,415 2,421 6,375 106.561 5,075 6,284 4,351 4 s ,193 75,061 37,789 83,337 1,655,860 4 c6 , 78S 6,915 34,316 18,568 15,993 56 5,506 131, 30? 241 255 60,424 115,916 60,76^" 111,211 ^,390,516 87,224 98,063 >8,523 191,129 2,543,704 Minn*Kans 5,430 777 13,101 1,650 6,581 l, 114 6 ; 46s 155,074 1,93!+ 28,112 -57248,646- 10,000 27,230 98,560 ME M 0 R A N D A 36,330 25,000 10,143 FEDERAL RESERVE NOTES OUTSTANDING AMD IN ACTUAL CIRCULATION notes outstanding - R* notas held by bank - - ISO,825 6,733 F-R. notes in actual circulation 174,092 Bills discounted - - - - - - - - - Bills, bought :.n open market - - - U*S*Government short-term securities 820,434 218,666 240,467 129,662 119,083 452,550 121,079 88,791 103,169 5,106 82,265 10,370 12,769 3.870 3,867 29,445 14,722__ i.567 738,169 208,296 227,698 125,792 115,216 423,145 106,357 87,224 98,063 49,772 211,846 2,736,384 1,249 20,717 192.680 48,523 191,129 2 , 54j j 04 DISTRIBUTION OF BILLS AND U, 3. GOVERNLIEITT SHORT TERM SECURITIES BY MATURITIES. TTithin 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 90 days Total 76,460 23,806 1,922,274 1,667,271 96 ,412 58,325 68,050 14 ,176 196,885 46,792 67,867 151,882 189,038 29,896 3,184 250 3,826 Released for publication Sunday morning April 20, 1919; not earlier. STATEMENT OF FEDERAL RESERVE AGENTS1 ACCOUNTS AT CLOSE OF BUSINESS APRIL St.34j.d ■-IS, 1919 • (In thousands of dollars-) Boston New York PMla- Clevel ■ Richn- Atlanta Chicago St.Louis Mirm. Kans-Cy• Dallas San Fran. Total FEDERAL RESERVE NOTES: Received from Comptroller - - 291,040 1,4-73,280 352,820 342,620 221,220 217,000 585,360 184,660 126,880 159,700 101,960 260,020 4 , 316,560 88,355 509,2^6 113,55^ 69,833 62,018 4o ,747 99,690 4-8, 941 27,549 42.951 28,833 42,17*+ 1,173,891 Returned to Comptroiler--Chargeable to F-R-Agent - - 202, -,685 964,034 239,266 272,787 159,202 176,253 435,670 135,719 99,331 11 6,7 % 73,127 217,846 3 , 142,669 In hands of F-R-Agent ---21,860 l43,600 20,600 32,320 29,540 57,170 33,080 14,640 10,540 13,580 23,355 6,000 *406 '285 Issued to F.R.bank less amount returned to F-R. Agent for redemption --- 180,825 820,434 218,666 24o,§67 129,662 119,083 452,590 121,079 88,791 103,169 *+9,772 211,846 2,736,384 COLLATERAL SECURITY FOR re sold coin and certificates on hand------------183,7*+0 21,870 2,504 13,052 11,581 232,747 Gold redemption fund - - - 9,058 8,§46 12,5^9 13,975 IJU 9 3,333 5,391 2,13*+ 2,773 2,012 2,662 11,313 7 5 ,5 3 3 Gold Settlement £\md - F.R. Board----------- — *+3,000 85,000 55,889 95,000 3 2,000 37,000 240,505 4-0,430 13,500 33,360 3,184 98,309 7 77 ,1 77 Eligible paper, minimum re*i ;.r . * q .u ir e d ------------ I 28 J 67 5*+3, 0*+8 150, 22$ 109,622 95,913 7 6 , 2*+6 206, 69^ 78,515 59,*+66 67,797 32,3^5 102,224 1 , 650,865 T o ta l-------------180,825 820,434 218,66b 240,467 129,662 119,083 452,590 I2l7079.88,791 103,169' W ' ^ T 211 E 4 b T 736 5 & MOUNT OF ELIGIBLE PAPER ’ ’ ’ DELIVERED TO F.R-AGENT - - 160,884755,169 152,730 158,223 99,243 80,3*+2 245,54? 88,975 6 2,070 94,320 53,081 113,54-0 2,064,724 Released for publication Monday morning April 21, 1315; not earlier. St .3^+2 CONDITION 07 MEMBER BANESApril 19, 1919Payment for the 9 th series of Treasury certificates issued in anticipation of the Victory Loan accounts for the principal changes in the condition on April 11 of 773 member banks in leading cities- Heavy withdrawals during the week of G-overment deposits apparently necessitated in turn substantial drafts by country banks on their balances with New York correspondents, as may be seen from the large decrease in net demand deposits reported by the New York member banks. As on fonner occasions payment by subscribing banks was made chiefly in the form of book credit- Accordingly the increase in Government deposits shows close cor respondence with the increase in Treasury certificate holdings. As against mere nominal increases ih the holdings of Liberty bonds and war paper the statement shows an increase for the week of 267-6 millions in the amount of Treasury certificates on hand, of which 151*9 millions is credited to New York City member banks. Other loans and investments went .up 19 *1 millions, the New York banks reporting a still larger increase. Aggregate holdings of U. S- war securities and war paper increased fran 3 ,5 9 ^ 9 to 3 , 867.1 millions and constitute 26.9 per cent of the loans and in vestments of all reporting banks, as against 25*5 per cent the week before. For the New York City banks an increase in this ratio frcm 29-3 to 31*2 per cent is shown. Government deposits show a gain of 271 millions, largely at the banks in the 12 Federal Reserve cities. Other demand deposits (net) fell off 80.7 millions at New York City, and 2-7 millions at Chicago banks, while increasing 32 millions outside these two centers. Time deposits went up 6.2 millions, cash in vault - 6.5 millions, while reserve balances, mainly with the New York Federal Reserve Bank, declined 15-1 millions. Released for publication Monday morning April 21, 1919; not earlier. fc- No. reporting banks------ Ph^ ‘a ' Cle^®1 " *M ° a . v T l t l ^ t L Z T f ------------- ; 19' 075 j. Rx^a- Atlanta U9-896 Chicago 11,597 2S“ -715 3 M e 6 « .k 5 67' 676 « .« 9 9 T o S *5! * J r S ™ r t i r . T “ z : 39,900 J lh lll j& fi Loans secured by U.S.bonds,etc $ 1 ,7 7 2 550,865 l4l’ 573 93*328 38* 237 All other loans & investments- 780,162 4,039,017 613 39*8 986*070 37l’ qgQ Reserve balances with F.R.bank 6g,530 640,022 67*307 87*69 2 35*126 Cash in v au lt__________________ 24 224 121 4ll l i ^ f i ? i £ 2 t Net demand*deposits___________713’371 4 662636 645’S - 7 ^ ’q?6 Time deposits____ ___________- i 0 2 ^ 271 S * 6o| 290*9^9 3 ?q’ £ i 56,29 2 407*213 4l*46o 5 ?’ ■>£? 19*707 Government deposits------ " 22 188 ^02*q08 28*14^ ?f; ? K oh-’ I S Ir’ ^rh 19. 9U i639os 57.TU3 Minn. Kans.Cy. Dallas San Fran 6^70 i s , 609 ^ l s % H ^950 s 10,701 22,773 ^ 57,637 36,135 m ,o 6 « * j.* « ^ * 07 ? p^'roo 20,327 > 5 % v^n Total 3 ^ 9 6^93 74,786 181,175 2.109.1*0 3,025,283 1 Ja’ zfc’ nzK ol' e^n n 2 ,fr° ? ,S39 22,363 1,110,132 ’ irU*9K7 xo Sin ! ^ » § ^ 3-76,880 502,522 10,237,377 3 9 ’7?° 2^>75S 3S*6° ° l 6 >261 50,64l 1,252,477 , 10, 5 8, 25 13j!+53 9,233 20’37^ 356,3.45 298’38? 228’ 9? 8 3 ?6 >3 °9 ^ , 258 436 ,5l6 lo .o f^io l ^7 ’m ^ 55,1^7 68,321 29,044 136,522 1,692,990 DatsTfor banks in Federal "Re serve bank citiest F e ^ral^e^rve^ra^h~^ities7~and^tb^F~reporting^banksT^^J^ ^^^ ~2l No reporting banks — U.S. bonds to secure 0 t £ r Cu^s!Xbands~InI~~ , % j° .« g St.Louis £ 5 - Apr.ll---Apr. 4 65 65 3 3 9>5S0 39,569 2“7 ' 177 2U2' 5E5 Apr. 11---tfr 4 ?4 1,169 * '" * £ n ^ r ■ 510,580 67,605 » .j 5 « 1S S i l U r 5 « r 3,633,539 3,605,S° 3 * * ' 8» Cash in v a u lt ----------- 10I ’ 44s l S ’§ | 4 276,755 4 357 532 794*988 V n . 'S U jffi . S l ^ . S f L V r i t i o ! 86' 306 and war paper to total loans and investments, -per cent 31*2 160 255 1,169 103,967 103,956 54,829 54,829 110,154 110,098 26g, 95Q 26g 883 3 ,3 7 7 363' 896 362' te7 “ 3 . 75 * 113,663 169,839 170.275 6*7,493 6*6,365 6 *:? o 9 l 186,241 36, UI+5 29.3 22.P £ 64,657 876.660 ^U .rto ^0 111 1 : 107.95, 357 % & 106,799 125,*79 357 April 11-- 256 w : i 67l i ; ^ : 2* i . T O T: 7§ 5 U ' 151 Net demand deposits — Time deposits---- - ‘branch cities, reporting banksTotal pri£n11— April 4 April 11April 4 ocA ?k}> 773 ^773 125,1121.110.1321.106,751 1, 525,392 1 , 524,000 1,962,790 1,960,54s 10,237,37710,218,29!* tgj 2o§ ’ | f § l o i ’ os7 797*7°? 7 084 *PRR 7 lfifi’fiik Z ' M ? 7 ' 6*' f£ 37.66, 570,260 33 M 93 P i.4 £ pk p 2 n 26’7 '? § ? i J L ’aaI i 55,215 S ' 395 ’© S I l i ’M 172,603 171,372 1 , 252, j*77 1, 267,552 93,184 90,277 3 56,145 349,5/9 ^ ^ i f z ,’%1 8 ^ 0 25-3 24.0 ^ 23.6 \ 22.8 26.0 25. S C 0 N F T D E N T I A L Not for publication. PERCENTAGES OF GOLD AND LAWFUL 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. April IS, 1919 Ratio of gold and Ratio of gold reserves lawful money reserve .to F.R. notes in to net deposits actual circulation April 11-— April IS April 11— April 18 Ratio of total reserves to Net dsposit and F« R. note liabilities combined April 11— April IS Ratio of gold reserves to F.R.notes in actual circulation after setting aside 35fo against net deposit liabilities Aoril 11-April IS Boston 51.0 51.4 4 i.o 4q .S 45.0 44.7 New York 56.7 60.9 41.3 4 i.o 49.3 51.3 64.5 68.9 Philadelphia 44.8 46.1 4 o.4 U0.1 41-9 42.0 45.4 45.1 Cleveland 57*9 58.4 58.2 57*7 58.1 58.0 72.4 70-9 Richmond 61.7 69.9 34.6 34.4 42.1 43.4 44.8 46.2 Atlanta 63.2 65-7 Ul.2 * 1.7 47.1 48.1 51.6 5 2 .S Chicago 65.S 65.1 63.1 64.3 64.0 64.6 79*6 80.9 St* Louis 51.3 50.6 44 .0 44.7 46.8 46-7 ,53.-9 52.9 l&nneapolis 76.0 so .9 37-1 37.1 51*9 52.9 62.3 63.O Kansas City Us .8 46.9 43.1 *3*3 *5*3 44.7 52*1 51.1 Dallas 42.4 43.8 39*9 4 i .4 U1.6 46.6 4 6 .S San Francisco 57*9 53 .U 53 •* 57.7 54,9 56.3 64.1 66.5 57.1 59-2 47.0 47.3 51.1 52.1 6.2-4 63.8 Total DIVISION'OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD APRIL 23, 1919 4o*7 St.3^7 51*5 50.3 C PIT F I D E N T I A L Not for publication RATIO OF "FLOAT" OF EACH FEDERAL RESERVE BANK TO MEDIATELY AVAILABLE DEPOSITS. (In thousands of dollars.) r Federal Reserve Bank St .3*6, April 18, 1919 » "FLOAT" 1 "Float" after adding net debit Uncollected* Deferred ' 1 Ratio to 1 or deducting net credit in items 'availability * ’immediately*_______ Saturday^ settlement r items ' ■Amount 1 available 1 ' Ratio to immediately » 1 * deposits 1 Amount ’ available deposits t » * Per cent • Per cent "Float" after deducting National and F. R. Bank notes, also net investment in transfers from second calculation * Ratio to immediately Mount * available deposits ______ 1_________ Per cent 62,3*9 * 6 , 17* 16,175 13.9 13,356 1 1 .* 13,079 11.2 172,*02 127,069 *5,333 5 .* 57,227 6.8 *8 ,2*1 5-7 Phi lade lphia *9,683 *3,172 6 .5 1 1 6.6 6,511 6.6 6,911 7-0 Cleveland 5*,5*6 *2,358 12,188 8.7 9JH 6*7 8, *37 6.0 Richnond 51,2*3 * 2,005 9,238 17.9 5,829 11.3 5,781 1 1 ,2 Atlanta 32,339 2^,667 7 .6 7 2 15.5 7,581 15*3 7,191 l * .6 Chicago 81,03s 63,185 17,853 7 .1 l*,36* 5-7 12,321 4 .9 St. Louis >+5,072 32,366 12,706 1 8 .* 10 10 , * l*.6 8,169 1 1 .g Minneapolis n,i75 6,915 *,260 8.0 *,260 8.0 2,5*6 U .8 Kansas City 51,515 3*,3i£ 17.199 21.1 i 6 ,iUo 19.8 7,716 9-5 Dallas 22.U93 18,568 3,925 9-3 8,636 20.5 6,59& 15.6 San Francisco 19 , 50** 15.993 3 .5 11 3 .7 3,252 3-* 7*8 *8 653,359 *96,788 156,571 156,571 8*3 127,73* 6.7 Boston New York Total DIVISION OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD APRIL 2*. 1919. 8.3 C O N F I D E N T I A L Not for publication. COMPOSITION OF UNCOLLECTED ITEMS AND DEFERRED AVAILABILITY ITEMS. (In thousands of dollars-) Bank U 1 » 1 1 ' Clearing 1 ' house 1 •Exchanges' Boston New fork L E C T E D I T E M S 1 f JNational Bank' I 1 1 notes and ' 'bank notes o f 1Transfers 1 All other 1 1 other * bought 1lineoliec tedr 1 items 1 r F« R. Banks ' U C O I Checks and other cash items Total St .3*4-6 . April IS, 1919 1D E F E R R E D A V A f 1 Gold ' Transfers Settlement 1 sold Suspense 1 I L A B I L I T Y I T E M S 1 f t f ! 1 *Government1 Other 1 1 transit * transit ' Total f items 1 items 1 *+6 , 17 *+ 2,79^ 60 277 - 59,218 62,3^9 15,^ 21 - - 30,753 22,026 6,05*4' 8,926 - 135,336 17 2 , *+02 51,2*49 - - 7 5 sS20 1^7,069 - 32,079 % ,6 8 3 - *4, *4*4*4 38,328 1+3,172 *48,696 5*+, 5*+6 9,808 - 2,797 29,753 *+2,358 - *400 Philadelphia 6 ,o *+9 5,555 Cleveland *4.968 s 53>+ Richmond 4 ,5 1 5 110 Us - U6,570 5 1 , 2*43 5,099 - 3,273 33,633 *+2,005 Atlanta 2,730 220 390 - 28,999 32,339 2,330 - 3,727 20,610 2*+, 667 Chicago 7 , 01 *+ *+0,*4&9 63,185 St. Louis l , 5*+o 2 ^ 0*J-U 32,366 Minneapolis 1,28*4 Kansas City *420 806 Dallas U6 l San Francisco Total 2,006 55,807 1,^72 2,315 70,231 81,038 20,9*46 *+50 1,U85 ^1,595 ^ 5,072 8,953 96 1,6 18 8,177 1 1 ,1 7 5 211 8,213 *+l,865 5 1 ,5 1 5 6 ,2 7 1 2 ,30*+ *4-80 1,720 17,528 22, *+93 7,833 15 S . 35 297 2,210 1^.956 19 , 50*+ 3,10*+ 15 , 15 ^ 13, 2U7 17,901 551,250 131,01*4- - 2 - DIVISION OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD APRIL 2*+, 1919 3*+o 653,359 - 1,750 - - 369 - 29 G, ss6 6,915 P8,0*+5 3^,316 2,387 8,190 18,568 3 28 12,858 15,993 2,311 15,05*+ 3 ^ 8 ,*!09 *+96,788 - F E D E R A L E E S E ii V E B 0 A R D GOLD SETTLEMENT FUND X-l4g6 W! LTffV. PA transactions for week ending April ?.U. 191^ ( In thousands of dollars) COFFI .DENTIAL Aggregate Aggregat' .'3e ttlerr.ents from April 13 to April 24, Balance ederal Balance Gold wi thdi’awal s deposits and T R A N S F E R S :1919i both inclusive. in fund at lieserve last with Gold and trans transfers close of Bank of statement drawal s deposits fers to Agent ' s from Agent's Total Net Total business Net Apr.17,1919 fund fund Debit Credit Debits Deb its Credi ts Credits Apr.2 4,19 19 Boston 44,423 1,000 1,000 1,000 15,000 85 , 536 92;405" 6,869 35,292 New York 168,569 10,000 10,000 21 , 000 12,810 292,696 279,8S6 186,759 Philadelphia 100 126 1,100 46,595 126 23,000 2 4 ,64s 125,640 100,992 43,973 Cleveland 43 , 29s 2,804 5,000 2,804 15.000 5 ,coo 7 8 ‘ 645 22,823 101,468 53,925 Richmond 30,379 20„000 23.000 63 63 8,493 55,^28 24,949 46,935 Atlanta 21,524 518 51S 1,003 3 1,000 5,U50 32,635 2.7, 185 14,589 Chicago 12 9 . 477 15,440 31,652 253 253 6,305 12 9 ' 10 s 1 5 2 , 07 s 22,970 111,9 0 3 St. Louis 22j420 1,000 1,000 277 2.000 277 76,874 81,083 4,209 25,352 30,252 Minneapolis 14.000 10.000 21,366 2,941 24,307 29,193 Kansas City 30,133 2,000 97 97 53,822 34,085 59,677 5,855 Dal i.as 4,740 501 501 37 37 10,662 2,305 5.980 25,670 19,690 San Francisco 7,581 U5 .049 JQQSL 4 ,/m . -JU595JS^28B. -3-7-,-300■ 014-^3-5g----Total 1 .6 ,-362. -kLjL -6-5-,66-7- 1^-011^ 720- 1^0-144-720_ £ 034^ 59. -65^ FED E R A L Federal Re serve A9en t at Boston ITaw York Philadelphia Cleveland Hi chriond Atlanta Chicago St. Lewis Minneapolis Kansas* City Dallas San Francisco Total E E S E E VE; A G E N T S' F U N D Wi thdrawals Deposi ts Balance Gold for through Total wi thGold with statement transfers transfers Total from bank to bank drawal s deposits Apr. I? A 9 1 ( drawals deposits 43,000 10,000 1,000 3,000 11,000 3.000 85,000 55,889 95,000 32,000 36,000 240,104 40,431 r <, 500 33 ; 360 - 3,184 9?., 309 76,9. JJ1_ 10.000 5.000 10,000 1,000 5,000 5.000 2.000 5.000 2,000 1.000 15,440 5.000 2.000 2.000 500 2^5-00- 1,000 J J X X L 10-000 jL*a JO,440_ 1.000 5.000 2.000 15,440 2,000 500 1 , 595 31,095 40,440 Eslance at close of business .Apr. 2 4 ,1919 51.000 75.000 51,889 100,000 30.000 37,000 250,544 38,431 13,500 31,36o 2 684 -3XOHL 779.122 Sturarary of changes in ownership of gold by banks through trans fers and settlements. Deerease Increase 9 ,13l" 1,64s 8,190 12,823 5,493 6,450 2,387 2,209 1,0 59 m ' 29,454 C O N F I D E N T I A L Federal Re serve Bank EARNINGS, EXPENSES, ANNUAL RATE OF NET EARNINGS TO PAID-IN CAPITAL, ALSO FISCAL AGENT DEPARTMENT DISBURSEf/EENTS AND AMOUNTS REIMBURSABLE FOR THE MONTH OF MARCH, 1919 ; Excess of •; Total : Current : earnings over : earnings : expenses: current : expense s Capital paid-in Mcli.31, Dividend : requirements : -§ per cent : per month : Dividend and expense require ments :Annual rate: Di sbur sement s :Amount reimbursable : of net : of :Mch-31,19 19 account Fi seal Agent : earnings on: Fiscal Agent Department : capital : Department : Per cent : : disbursements 567^-75 177,^14 390,061 6 , 774,850 33,874 2 11 ,2SS 67 .8 63,147 108,535 2 , ^ 3,565 411,008 2 ^ 32,557 20,927,700 104.639 515,647 136.8 428,817 1 , 6 21,532 Philadelphia 690,973 117,851 573,122 7,587,050 37,935 155,786 88.9 81,613 495,123 Cleveland 597,250 119,519 >*77,731 9,217,900 46,089 165 , 60s 6 1.0 12 0 ,116 428,316 Richnond 39^,733 77,650 317,069 4 s U 2 ; 4Q0 20,562 98,212 90.8 37,151 158,699 Atlsnt^ 324,003 74,446 249,557 3,189,900 15,950 90,396 92,1 50,856 230,320 Chicago 865,435 181,500 '683,935 11,378,250 56,891 238,391 70.s 168,875 582,618 St • Lcrui s 327,022 57,658 229,364 3,824,700 19,124 116,782 70.6 44,874 120,236 Minneapolis 2?4.9^5 32,358 192,627 2 , 970,600 14,853 47,2 11 76.3 56 , l4i 80,723 Kansas City 413,774 116,995 296,779 3,740,150 18,701 335,696 93-^ 56,883 368,320 Dallas 246,157 80,096 166,061 3,198,100 15,991 96.087 6 1 .1 27,862 429,870 San Francisco 577,361 89,342 488.019 4,721.300 23,606 112,948 121.7 94,873 793,587 TOTAL MCH.1919 ¥!,07^713 1,575,837 6 ,49'6,882 81,64.?, 900 408,215 1,904,052 93.7 1,231,208 5 ,^ 7 ,8 7 9 TOTAL MCH, 1918 3975,16? 601,144 3,374,023 74,223,000 371,115 972,259 53-5 837,712 2,362,950 Boston New York DIVISION OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD APRIL 25, 1919 ' STATEMENT OF EARNINGS AND EXPENSES OF THE FEDERAL RESERVE BANKS JANUARY 1 TO MARCH 31, 1919 C O N F I D E N T I A L Not for publication Earnings Boston New York phi la. Clevel. Richn. Atlanta Chicago St,Louis Minn.' Kans-Cy* Dallas San Fran* Total Bills discounted------- * 391,031 7,203,61+3 3,257,696 3,093 , 818 . 961,33 0 801,1+21 3,79*+,815 639 , 091+ 271, 5^0 835,990 5 9 M 1+l+ 1,010,726 3,8,1+55, 2>+S Acceptances bought-----1 3 M 9 1 598,065 2^,822 515,959 80,686 103,662 1+lU, 157 128,50S 27^,937 153,621 2^,381 1+29,223 2,882,912 U. S. Securities----- — 52,979 ^18,957 72,201 82,099 33,599 38,568 117,177 ^ 6,862 60,290 78,138 52,327 56,930 1 , 110,127 Municipal warrants-----~ 8 2 82 Transfers - Net earnings-7,853 8,356 26,678 1,906 9,236 50,067 *+0,373 3 6,170 180,639 Deficient reserve penalties (including in t e r e s t )--9,553 1 , 891+ 5,720 17,830 35,387 10 ,15 1 7,96^ 15,136 5,97*+ 18,786 28,37 8 19 ,&66 176,^39 Sundry p r o f it s -------- 10,66 8 3,726 5,150 1,100 2^.175 188 21,530 3.585 1,162_________ 2 (a )886 IPS _ 7 0,5 0.8 Total-earnings------^ 99,122 §226,285 1^65,589 \7is,659 3,135,177 9^2,1+28 2,582,321 835,091 623,139 3,136 , 601+ 738,717 3^52,823 22,875,955 EXPENSES. Assessments Acct. expenses Of iM U B o a rd — -- ---Federal Advisory Council (fees and traveling exp e n s e s )-----------Governor3 ’ conferences (in cluding traveling expenses) F„R..Agents * conferences (in cluding traveling expenses) Salaries: Bank O f f ic e r s -Clerical s t a f f Directors’ fees — ------Directors5 per diem allowance — --------Directors1 traveling expenses ---------Rent'---------------F. R. Currency--------j 11 other expenses-----Total expenses--- --Net earnings — ------Ratio of net earnings to paid-in capital, per cent (a) Debit 2*1,353 ^ ,i o s 215 15 - 13,122 16,056 2*+8 1+75 - 5^ 156 - 21,875 115,390 1.0U9 2^,557 106,3^1+ 7,723 61+0 - 5,370 21 .U62 6,810 5,^13 133 337 153 102 ll+3 133 ~ ~ 107 827 ' 7,357 3,682 8,666 163,622 200 379 846 4,1+68 381 969 630 16,800 59,295 SUo 23,1+33 50,883 750 38,383 155,067 1,195 2 5 ,1*+1 78,909 1,730 ~ lU, 6ol+ 38,170 1,010 ~ 22,683 81+.588 1,1+05 18,87 b 68,1+79 7^0 5^3 30,661 9^,338 1,127 682 331,782 1,389,77*+ 16,851 150 200 190 6 l*+ 160 670 260 1,650 250 3^7 *+,751 868 262 722 1,869 35,976 3.03.3 *+3 291 , 1+69 ^99 12,1+72 72,39*+ 95,127 328,910 ^73 51,898 86,685 l5!+,225 10*+. 1+36 318.912 375,575 3,063, 1+1+6 3^3 33 5 1+5,221+ 50.81+8 29 25,250 , 18,951 8l+0 260 i , 793 69,525 1+19,360 5,535 - 12,763 3,223, 5*+7 7,162,839 ^67*+, 120 ^ 8 9 ,7 ^ 9 73-2 (b) Credit 138.8 89.5 6 l .l 29 2,799 >+0,372 50,817 70,100 70,9^6 198,066 207,098 1,633 937, m 92.1+ 360 857 ^27 21,876 8,725 3,3 05 63,9^3 63,l*+l 12,379 -11+9.639 1+8,279 2k.907 1+52,565 23>+, 655 101,36 2 755,330 3,929,756 600, 1+36 521,777 9 6 .1 £8.8 63,7 j i .2 8,023 67,809 71.521+ (^)26 267 , 108139,370 ~ 3,006 17.U1+1 8^,689 2.1+2,01+5 2,573 126,835 710,^06 1,192,750 3 , 951 , 1*69 869, 1+96 5l+9,51+7 3^10,778 18,92l+,l+s6 9I+.3 69.7 112-6 9^0 Released for publication Sunday morning, April 27, 1919* not earlier. St. 350 STATEMENT FOR THE PRESS April 26, 1919* Increased ‘borrowings "by maruber banks secured by U.S. war .ob ligations and fur ther gains of gold by the P.eserve banks through deposit by the United States Treas ury are indicated in the federal Reserve Board's weekly bank statement issued as at close of business on April 25, 1919* The banks report a total increase of 39*7 millions of war paper on band as a gainst net liquidation of 11.6 millions of other discounts. About millions of paper is held at ’present by U banks under discount for other F.R. banks, ccmparad with 9^*6 millions the wedc before. In addition 3 banks hold 7-2 millions of acceptances, acquired from other F.R. banks with their endorsement, compared with 10.1 millions so held on 11.1 millions. April IS . Tbtal acceptances on hand show a decline of Treasury certificates increased about 2.5 millions, largely the result of the issue to the Banks of 2 per cent certificates to secure Federal Reserve bank notes, the circulation of which increased about 3*8 millions during the week. Nfet deposits show an increase of over 17 millions, notwithstanding the net withdrawal of lU.S millions of Goverrment funds reported for the week. Additions to the banks' cash reserves totaled 9*3 millions, of which over 7 millions was gold* As the result of these gains the banks’ reserve percentage of 52*1$ remains un changed, notwithstanding the increase of over 17 millions in net deposits and of 5*S millions in F. R. note circulation. Mainly as the result of admission of new members in the Few York, Cleveland, Atlanta and Dallas reserve districts, $2^1,000 for the week. the capital account shows an increase of Since the beginning of the year the paid-in capital of the Reserve banks has increased by over 1,3 millions. St .3 50a Released for publication Sunday morning April 27, 1919; not earlier. STATEMENT of combined resources and l i a b i l i t i e s of the twelve f ed er a l reserve banks AT CLOSE OF BUSINESS APRIL 25, 1919. April 26 , 1918 R E S 0 U . P. C E S APRIL 18, 1919 April 25, 1919 Gold coin and certificates. $486,820,000 $346,145,000 $3'40,022,000 Gold Settlement Fund - F.R- Board 439.477.000 612 , 365 , 00. 605,309,000 Gold with, foreign agencies. , 5 2 ,50Q.r.Q-Q.Q. ... ' 97s ,797,000 958 . 510.000 9U5 ,831,000 Total gold held by banks 824.218.000 l , 035 , 519,000 Gold with Federal Reserve Agents 1 ,109 , 9149,000 23 ,985,000 118.128.000 1 1 3 , 436,000 Gold Redemption Fund 2 , 162 , 157,000 1,827,000,000 2 , 16 9 , 216,000 Total gold reserves 68 , 702,000 '< 70 ,936,000 63 .945.000 Legal tender notes, silver, etc2,230,859,000 1.890.545.000 " 2,240 , 152,000 Total reserves 642.429.000 1 , 720 ,960,000 1 , 760 , 672,000 (Secured by Gov't. war obligations Bills discounted ^ 3 259 .314.000 201.314.000 109 , 71+0,000 (All other 302.844.000 185,822,000 196 . 885.000 Bills bought in open market 2 , 1 1 9 , 159,000 1,204 ^ S J a 0p.p_ 2.136.234.000 Total bills on hand 2 7 , 137,000 " 4 i ,446,000" ’ U.S.Government long-term securities 2 7 . 135.000 189 . 038.000 U.S.Government short-term securities 1 9 1 . 501.000 37,407,000 2.722.000 All other earning assets 1.286.162.000 Total earning assets 2.354.870.000 2 , 335 ,33^ , coo 10,558,000 1 0 . 574.000 Bank premises Uncollected items & other deductions from gross deposits 388.845.000 655 . 446.000 630 . 614.000 8 , 454,000 528,000 5fo Redemption Fund against F.R. bank notes 8 , 176,000 All other resources 359.000 8 .“SOI .000 ..7.^335.-,OOP. 5 ,248 , 646,000 3 , 566 , 839,000 5 . 252 . 687.000 TOTAL RESOURCES L I A B I L I T I E S 3 1 . 774.000 82 015.000 74.963.000 Capi t-al pai d-•in 4 0 .46 6.000 1.134.000 49,466,000 Surplus Government deposits 9 1 ,726,000 106 . 561.000 130 , 668,000 Due to members - Reserve account 1 , 655 , 860,000 1.497.416.000 1,664,220,000 Deferred availability items 4 9 1 , 605,000 496 . 788.000 235,174,000 Other deposits including foreign gov't, 'credits 81 rgQ0 r000 1^5 .057 000 111.107.000 2.382.703.000 2 . 390 . 516.000 1.945.148.000 Total gross deposits 2 . 543.404.000 1 . 526 . 232.000 2 , 5^ 9 , 552,000 F.R. notes in actual circulation 158,848,000 1 5 5 ,074,000 7.895.000 F .R . bank notes in circulation - net liability 30.098.000 28,112.000 All other liabilities 11.467.000 5.252.687.000 TOTAL LIABILITIES 5.248.646.000 3 . 566 . 839.000 Ratio of total reserves to net deposit and F;R. note liabilities combined 52.1# 61.356 '5 2 . 1 $ Ratio of gold reserves to F.R. notes in circulation after setting aside 35$ against net deposit liabilities S3 .3^ 63 . Released for publication Sunday morning April 27, 1919* n°t earlier. WEEKLY STATEMENT OF RESOURCES At® LIABILITIES OF THE 3TEDERAL RESERVE BANKS AT CLOSE OF BUSINESS APRIL 25, 1919 (in thousands of dollars-) New York 256,236 189,501 445,737 276,33 5 R E S O U R phi la. Clevel. • 125 19,029 42,122 56 , 2^2 42,247 75,331 C E S Ricfrn. Atlanta Chicago St-Louis 2,226 g,o 6 l 22,960 3,9 6 1 12,061 115,261 26,345 20,122 132,221 76,069 132,796 31,515.... *3/699 255,723 7,636 244 11,026 4,603 30,957 25,000 747,072 125,952 214,971 54,53 9 643 1,3 0 2 201,611 126,595 216,273 24,119 62,946 543 69,429 625,022 122,169 122,102 91,13 2 24,045 5,935 11,692 9,501 226 755,970 192,496 149,291 110,304 1,305 1,385 1,023 1,234 62,424 424,901 1,342 69 , 772426,222 70,6 22 195,872 11,474 16,510 Total bills on hand ------ 172,138 27,869 U.S.Gov’ t, long-term securities 377 539 U.S.Gov't.short-term securities 16.716 2.974 62.221 17.276 15.492 ' 5.360 Total learning a s s e t s ----- 129,393 826,096 211,157 165,872 116,292 97,220 500 Bank premises-----------200 3,372 312 217 875 Uncollected items and other de ductions from gross deposits-- -•51,099 157,974 64,377 50 , 79* 41,799 30,512 5/o Redemption fund against F.R. bank n o t e s --------216 1,236 250 65 423 827 264 All other resources ------929 452 (c )1.096 1.246 251 TOTAL RESOURCES -------- 361,132 1,792,735 404,462 435,093 229,659 198,395 236,938 *,*76 19.612 261,026 2,936 . 77,*37 2 5,2 11 29, 172_ 4o,393_ Minn. Kans.Cy. Dallas San Fran. 2,760 7,150 S . 3 S0 99 5,621 36,606 27,792 33,535 36,172 33, £>34 12,771 ' 45,366 22,207 ' 34 ,614 16,729 107 ; 464“' I 2,512 2,185 3,520 7,722 5,873 75,432 67,899 77,717 67*971 Total 340,022 605,209 w /s jr 75,976 . 109, 9* 9 ' 113,436 32,072 15^,955 2, 169,216 ri vcT r— Boston 2,975 Gold coin and certificates--Gold Settlement Fund- F-.R-Board 37>738 Total gold held by banks — --- J+p,713 Gold rath Federal Reserve Agents 60,405 Gold redemption f u n d -----11,492 Total gold reserves------ 112,610 Legal tender notes,silver,etc.6 T150 Total reserves --------- 112,760 Bills discounted: Secured by Government war obligations (a) ------- 157,068 All other 5,376 St-350b 3*, 3*7 155,222 2 , 24o, 152 37,705 * 2,369 26,350 72,421 1 , 760,672 129 j 4 o 9,552 42,255 22,591 15,135 5,976 . 12.721 4.213-......1,213 - J&553_ . 125. 222. 26,224 66,03 2 29,497 56,75*+ 132,115 2 , 136,234 116 2,267 3,967 2,633 27,135 1,153 2.224 13.062 6,479 . 4^ 900... . 5,973 _ l 3 1 + m _ 101,045 74,972 104,243 65,621 l4o,72i 2,35*. 270 400 541 400 221 10,574 7 1 , 77 ^ 9,074 41,034 13,580 49,065 27,173 25,770 630,614 342 2,176 629 358 211 427 660 514 304 .171 727 1*027... .......8.301 769,614 221,122 156,911 231,624 122,370 323,552 5,252,627 1,266 U E 1,1 0 R A N D A (a) Includes bills discounted for other F.R.banks, v i z --- - 10,000 (b) Includes bankers' accept ances bought from other F.R. banks With their endorsement -rithout their endorsement— - 6,712 (c) Includes Government overdraft of $64o,000. - - 20,000 25* - - - - - - - 50,964 3,796 - 187 - 10,000 s ,071 - - - 90,964 - - l4,6p3 26,320 - 7,159 Released for publication Sunday morning April 27, 1919; n°t earlier. WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS APRIL 25, 1919* (In thousands of dollars-) Boston 6,793 New York 21,099 L I A B I L I T phila- Clevel7,525 9,225 2 , 60S 3,5 52 8,90^ 8,838 103,265 12*,55* 56,151 *1 ,*0 2 I E S Richm. Atlanta *,184 3,236 ’"2,196 1,510 1,686 52,9*2 **,3 8 1 33,190 22,628 658 327 50 232 168,978 175,121 91,182' 68,927 206,593 230,595 125,391 H 5 ,3 3 3 Capital paid- in--------- * Surplus---------------2,996 2 1,117 Government deposits------11,182 23,189 Due to members-Reserve account 101,912 702,830 Deferred availability item s-*0,800 118,009 All other deposits------- - - -,,6*5 122,422 Total gross deposits----— 1 5 ^ 9 9^7^50 notes in actual circulation 177,737 738,812 F.R.bank notes in circulation - net l i a b i l i t y ----lb ,010 3 *,775 16,276 14,590 5 , 2*6 8,282 All other lia b il it ie s -----3,057 10,*82 2,428 2,010 1,460 1,107 TOTAL l ia b i l i t ie s ---- — 361,132 1,792 , * 6 8 *35,093 229,659 198,395 St-350c Chicago St- Louis Minn- Kans-Cy- Dalla-s San. Fran- Total il,4o4 3,828 2,977 3,7*9 3,233 *, T02 S 2,015 6,4l6 1,603 1,415 2 ,*2 1 1 , 1 S* 2,4*8 * 9,*66 1^,603 5>9^1 2,0jU ^>9^3 5>9^5 ^>3^1 S l} j2b 231,043 59,789 48,33* 7 1 ,*68 39,895 83,907 1,664,320 5*, 18* 3 3 ,*3 * 8,897 3*,913 22,*59 20,53 * 491,o05 .1,92* 327 *06 879 63 7,1 2* 135,057 SOI,75Ti ~ 3 9 ,5^-5 59 ,711 112,183 58,402 1 1 5 , 9^ 2,3*2,708 *26,*55 10*,095 s6,*8i 98,420 *7,728 191,912 2 ,5 *9,5 52 . rrr r , . 20,813 11,014 5 ,5 U 13,170 6,666 6,*95 158,8*8 2,772 1,073 816 1,681 1,157 2,055 3 0 ,0 98 769 , 61* 221,128 1567911 23l,b24 128,3 7 0 3 23 7558 5,252.687 M E M O R A N D A Contingent liability as endorser on Discounted paper rediscounted _ with other F .R .b a n k s ---klS^nkers' acceptances sold to other F» R. b an k s -----7,159 ~ 29 ,*96 ~ ~ ~ ' - 25,000 - ~ “ ~ - , 10,000 ~ ~ 26,468 - ” “ 90,96 7, 59 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION P. H. notes outstanding ---184,172 p. R. notes held by b a n k ---6,43 5 F.R.notes in actual circulation “3777757 8l4 , 163 216,536 241 ,063 129,508 119,319 *52,*18 118,528 87,973 103, 6 i r *9 ,1 8* 215,928 2,732,403 7 5,35 1 9,9*3 10,*68 4,117 3,986 25,963 1*,*33 1,*92 5 ,19 1 1 ,*5^ 2*,016 182,851 738,812 206,593 230,595 125,391 115,333 * 2 6 ,4 5 5 ' 104,095 86,4si 98,420 . 4 7 ,728 191,912 2,5 *9,5 52 DISTRIBUTION OF BILLS AND U.S.GOVERM-.IENT SHORT TEEM SECURITIES BY MATURITIES. Within 15 days l6 to 30 days 31 to 60 days 6l to # 0 days Bills discounted------------Bills bought in open market ---U.S,Government short-term securities 1,6*8,*26 7*,823 80,57* ,1 2 3 ,0 2 2 60,702 28,738 1Q3 6,715 21”v 7^ 373 Over 90 days Total 23,56? 1_ t_ ^70 55,57 1 *?50,4l2 Iq i’ roI 9 ,5 Released for publication Sunday morning April 27, St.350d 1919; n°t earlier. STATEMENT OF FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS APRIL 25, 1919(in thousands of dollars.) Boston FEDERAL RESERVE NOTES: Received from Comptroller -Returned to Comptroller ---Chargeable to F. B. Agent — In hands of F-R-Agent----Issued to F.R-bank less amount returned to F.R.Agent for redemption------------ Few York Phila» Clevel. Ricbn. Atlanta Chicago St.Louis Minn. Kans.Cy Dallas San Fran. Total 302,640 1,479,920 352,820 ^ 3,020 222,220 219,000 527,?60 190,220 128,880 160J 00 101,960 269,320 4 ,3 5 8 s520 91,008 522,217 116 , qgH 72.137 64,252 U l .881 104,902 51. 11? 25,167 45,709 29.471 45,392 .1 ,213, ?7 ?. 211,63 2 957,763 235,896 270,883 157,968 1 7 7 ,H 9 ^ 82,858 1 ^ ,1 0 8 100,713116,991 7 2 ,^39 223, 92s 3,147 27,46o 343,600 19,360 29,820 28,46o 57 ,soo 30,440 20,580 12,?4o 13,320 23,305 2,000 414,945 184, 3-72 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and certificates on hand — --------- ---Gold redemption f u n d -----11,405 Gold Settlement Fund -F*R.Board 4}, 000 Eligible paper,minimum required 123.767 814.163 2l6,_536_24l,o63 129.508 119.319 452,4.1.8 1.18,522 123 , 7^0 17,595 75,000 i4,iso 25,625 13 ,17 1 61,889 100,000 537.828 l 4o ,467 102.267 1,515 30,000 97.993 2,500 2,199 5,178 39,000 250,545 75.620 196.695 87 973 103.6.1.1 - 13,052 3,25*+ 1,963 38,450 2,155 13,000 31,360 78.135 59.766 68.997 4q, .184 215.928 2 , 732 .403 11,5 2 1 236, 4-92 2,524 9,690 84,829 2,684 97,714 722,622 32.395 102,524 1,622,454 T o t a l---------------- 184,172 8 l 4 , 163 216,536 241,063 129,508 119,319 452 , 4ls 118,528 87,973 103,611 49,184 215 , 92s 2,732,403 MOUNT OF ELIGIBLE PAPER DELIVERED TO f . r . AGENT--- 172,13 2 7 55,970 142,687 l4s ,517 102,392 6l,l43 56 , 75^ 1 1 1 , 3 0 0 2 , 044,106 80,278 236,938 86,486 89,4^7 Released for publication Monday morning Apr. 28, 1919; r-°t earlier. St.35 CONDITION OF IE,BEE BANKS. April 26, 1919. Further withdrawals of Government deposits, largely from New York member banks, and considerable gains in other demand deposits are indicated in the Federal Reserve Board's weekly statement showing condition on April 18 of 773 member banks in leading cities. The week saw some liquidation of both Liberty bonds and Treasury certifi cates held by the banks, as well as a slight curtailment of loans secured by Government war obligations. Liquidation of certificates is confined largely to the New York banks, which report a decrease i n their holdings of 28.1 mil lions, out of a total decrease for the week of 29-9 millions. Other loans and investments went up 3 1 *S millions as the result of gains shown under this head by the banks outside of New York City. Total U. S. war securities and war paper decreased from 3, S67 .1 millions to 3,810.7 millions and constitute 26.6 per cent of the loans and investments of all reporting banks as against 26.9 pet cent the week before. For the New York member banks a decline in this ratio from 31*2 to 31 per cent, and for the member banks in all the 12 Federal Reserve bank cities a decline from 28.2 to 27-8 per cent are shown. Government deposits show a decline of 71.1 millions, while other demand deposits (net) increased 139 millions, the share of the New York banks in this increase being 60.7 millions. Time deposits show a gain of 16.5 millions, reserve balances with the Federal Reserve banks - an increase of 23.5 millions, (the New York banks reporting by far the larger portion of this increase), while cash in vault declined 6 .1 millions. Released, for publication Honda;/ morning April 28, 1919, no^ earlier. St.351a ' STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEL1S OF HEI'EBER RANKS IN LEADING- CITIES, INCLUDING MEMBER BANKS LOCATED IN EEIERAL RESERVE BANK CITIES AND IN FEDERAL RESERVE BRANCH CITIES, AS AT CLOSE OF BUSINESS APRIL - . IS, I 9 19 . 1... Data for all reporting; banks in each district.______ (In thousands of dollars-)________________________ _____________ __ _________________________________ _ Boston New York ;phila. Clevel. Richn. Atlanta Chicago St. Louis Liirm. Kans.Cy. Dallas San Fran. Total No, reporting t a n k s ------*+5 106 56 90 83 k~( 101 37 35 76 44 53 773 U-S.bonds to secure circulation 14,409 ^9,671 11,597 40,915 25,24l 15,265 19,910 l6,90S 6,870 13,984 13,324 35,685 268,779 Other U.-S- bonds including L i b e r t y b o n d s ----------- 7 12,336 2SS.2S1 35,2SS 63,327 45,011 30,390 54,183 17 , 1^6 10,888 22,577 20,241 33,59^ 637,264 U, S. certificates of , , indebtedness----------- 116,625 957,000 132,908 135,569 75,824 70,870 262,003 7 4 ,112 46,120 52,491 36 , 3 1 1 1 1 3 ,6 5 6 2,079,489 Total U .S. securities------ 149,370 1,234,952 177,753 239,*11 146,076 116,525 33.6,096 108,16s 63,878 95,052 74,876 182,935 2,985,532 Loans secured by U-, S-bonds,etc. S5; 284 544,536 140,402 93,463 37,473 22,839 91,029 25,462 Il,6 l4 12,365 6,815 22,700 1,093,932 Jill o t h e r l o a n s & i n v e s t m e n t s - 793,482 4,021,758 611,895 992,851 376,392 300,191 1,401,-53 5 3 91,442 242,054 441,388 177,030 513,196 10 , 269,214 R e s e r v e b a l a n c e s w i t h F^R.bank65,608 662,121 5S,S70 85,54b 34,bl8 30,640 161,477 41,52? 21,931 43,372 18,126 52,094 1,275,986 Cash in v a u lt 22,752 119 ,160 19,009 35,462 16,835 14,197 60,712 9 , 6 6 0 , 8 , 23s 15,o4l 8,682 20,204 349,952 Net demand deposits 731,264 4,751,827 645,700 77 0,550 326,965 243,128 1,211,073 299-346 214,664 384,100 161,888 445,604 10,186,109 Time deposits------------ 112,057 276,500 22,7.gS 295,763 80,505 112,588 427,727 9 M 7 S 55 236 67,036 29,375 136,886 1,714,579 Goveinaiat dspcsita -- ----336,997 36,191 58,521 18,539 13,342 76,3C4 21,340 10,417 12,964 15,362 652,671 2. Data for banks in Federal Reserve^cities,. Federal Reserve branch cities, and.other reporting banks.New York Chicago All F.R,bank cities F*S.branch cities °^® gj£|ePor^lnS Total April l.S-April I I Apr.IS— Apr.11 Apr-13-Apr-II- Apr.IS.— Apr.iJ Apr.18.— Apr.lJ April 12— Apr.11 No. reporting b a n k s -6> 65 44 44 256 256 160 160 3 57 3 57 773 773 U.Sebonds to secure circulation------39,256 39,5SO 1,168 1,169 103,642 103,967 54,829 54,829 110,308 110,154 263,779 268,950 Other U.S.bonds includ 251,489 247,177 21,43 8 22,428 361,528 363,896 108,462 113,753 167,274 169,839 637,264 647,493 ing Liberty bond s-U-5.certificates of indebtedness -------881,911 910,015 151,141 152,267 1,416,072 1,451,961 313,632 312,763 349,735 344 .,716 2 , 079 , kS9 2,109,440 Total U.S.securities — 1 , 172,656 1,196,772 173,747 175,864 1,881,242 1 , 919,824 476,973 481,350 627,317 624,709 2, 935,532 3,025,883 Loans secured by U*S* bonds, e t c . ------505,796 5 11,15 1 65,738 67,605 861,128 876,660 108,275 107,993 124,579 125,^79 1 , 093,982 1 , 110 ,132 All other loans and investments-------- 3,613,301 3,632,539 863,028 849,253 6 , 763,251 6 , 749,195 1 , 535,091 1,525,392 1,970,872 1 , 962,790 10 , 269,214 10,237,377 Reserve balances with F.R. b ank-------626 , 4o6 603,466 110,846 lo4,311 954,312 929,282 150,406 150,592 1 7 1 , 26s 172,603 1,275,986 1 , 252,477 Cash in v a u l t ------104,977 106,448 35,311 37,455 200,217 206,270 59,570 56,695 90,165 93, ISO 349,952 356 , 1^5 Net demand deposits-- 4,337,478 4,276,755 808,835 79^,983- 7 .167,179 7,084,255 1,284,139 1,264,003 1 , 734,791 1,698,844 10,186,109 10,047,102 Time deposits------215,988 211,024 164,056 163,057 696,111 685,031 500,025 496,395 518,443 516,691 1,714,579 1 , 698,117 Government deposits -3iS,4oo 38b , 906 44,4is 36,445 493,591 570,2^0 81,391 69,375 77,689 84,140 652,671 723,775 Ratio of U.S.war securities and war paper to total loans r r r r r r and investments, per cent 31*2 21*6 22-2 27*8 28*2 25*0 25*3 23*6 23*6 26*6 26-9 C O N F I D E N T I A L Not f or publication. ■PERCENTAGES OF GOLD AND LAWUL I.IQNEY RESERVES AGAINST NET DEPOSITS, St-356 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. APRIL 25, 1919 Ratio of gold and m u i money reserve to net deposits April 18— April 25 Ratio of gold reserves Ratio of total reserves to Ratio of gold reserves to F»R# notes in c*o j?*R.notes in net deposit and P* R* note actual circulation after setting aside actual circulation liabilities combined 35% against net deposit liabilities April IS— April 25_________ April 18--April 25________________ April 18--April 25_____________ Boston 51.1+ 1+5.3 1+0.8 i+o» 5 1+1+.7 1+2.2 50.3 New York 60-3 61.9 1+1.0 1+0 .8 51*3 51.8 6 S .9 70.2 Philadelphia 1+6 .1 1+1.0 1+0.5 1+2.0 I+O.7 1+5*1 1+3,6 Cleveland 58-1+ 61.6 57.7 60.6 58.0 6O .9 70.9 7 U .9 Richmond 63*9 5I+.1+ 3 I+.U 3^.0 1+3.1+ 39*s 4 6.2 41.6 Atlanta 65-7 55-9 *1.7 1+1.9 1+8 .1 1+5 . 1+ 52.8 1+8.8 Chicago 6 5 .1 62.2 61+.3 67.2 6U .6 65.5 80.9 81.5 St. Louis 50.6 53 *8 1+1+.7 U1+.1+ 4 6 .7 1+7.8 52.9 55.0 Minnsapolis so #9 78.6 37.1 36.7 52.9 51*3 63.0 59-9 Kansas City 1+6.9 53-5 *+3-3 1+3 .0 1+1+.7 1+7.1 5 1 .1 5!+-9 Dallas 1+3 . s 36.5 39.9 i+o.i* 1+1 .6 38.6 1+6.8 1+1.7 50.7 57.7 ..._. .57*. 1. 5b ^ 55-0 66 . *■ ) 6U .5 58 .c >+7-3 52.1 52-1 63.8 63-8 San Francisco To tal _______3 ^ . _ 59-2 DIVISION OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD APRIL 29, ISIS 1+0 .1 1+8.0 4 6 .U .
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