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^ Released f o r p u b l i d a t i o n Sunday morning April 6 , 1$1$; not e a r l i e r . St.313 STATEMENT FOE THE PRESS. April f>, 1914. Largs withdrawals of Goveran:en t deposits apparently i n connection .n.th the redemption before n a t u r i t y of Treasury c e r t i f i c a t e s due May S. also &.odand 3i2,;e l i q u i d a t i o n of ccmnercial A war paper are i n d i c a t e d by the Federal Reserve Board's weekly bank statement i s s u e d as at c l o s e of business on April 4, I919. The banks* gold r e s e r v e s show an increase of 8.6 m i l l i o n s f o l l o w i n g gold dep o s i t s by the Treasury. War paper on hand declined 16.1 m i l l i o n s , other discounts - 2 . 2 m i l l i o n s , and acceptances -• 7-3 m i l l i o n s . Treasury c e r t i f i c a t e s , "largely of the 1-year 2 per cent type to secure Federal Reserve Bank note c i r c u l a t i o n , show an i n crease of 4 . 8 m i l l i o n s . Total earning assets, 2 , 3 1 4 . 6 millions, chow a decline f o r the week of 20.7 m i l l i o n s . At the end of the week 5 Federal Reserve banks report aggregate contingent l i a b i l i t i e s of 118 m i l l i o n s on paper rediscounted with or sold t-o other Federal Reserve banks, an increase of 39*5 m i l l i o n s o^er the corresponding t o t a l reported the week before by 4 banks. Government d e p o s i t s decreased 5 3 . 1 m i l l i o n : , while members' reserve dep o s i t s gained 2 4 . 1 m i l l i o n s ; Net deposits show a decline of over 32 m i l l i o n s . A t o t a l increase of 25-9 m i l l i o n s in Federal Reserve note c i r c u l a t i o n i s shown, the New York bank reporting over one h a l f of the increase, while the banks' aggregate l i a b i l i t i e s on Federal Reserve bank notes i n c i r c u l a t i o n i n creased 3 - 9 m i l l i o n s . As a r e s u l t of the gain i n reserves and the considerable decline i n dep o s i t l i a b i l i t i e s , the banks' reserve percentage shows a r i s e from 51«9 to 52-2 per c e n t . R e l e a s e d f e r p u b l i c a t i o n Sua day morning U p r i l 6 , 1919', n o t e a r l i e r . St. STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BABES AT CLOSE OF BUSINESS APRIL 4 , I 9 1 9 . R E S O U R C E S A p r i l 4 , 1919 March 2 8 , 1919 A p r i l 5 , 1918 Gold c o i n and c e r t i f i c a t e s $ 333>3S4,C00 . $326,791,000 $ 483,780,000 Gold S e t t l e m e n t Frr.d - F . R. Board 6 i 2 , jl'i.OOO 563,5/7,000 381,163,000 Gold w i t h f o r e i g n . 5,829.000 52.500,000 T o t a l g o l d h o l d "by U-aks 946,095,000 896,197,000 917,443,000 Gold w i t h F e d e r a l R e s e r v e Agents 1,100,173,000 * %,11},OJO,000 873,077,000 Gold r e d e m p t i o n Fund I04,6g2.000 133.038.000 23,404,000 letr.l gold 2,153,950,000 2,142,305,000 1,813,924,000 Legal t e n d e r n o t e s , s i l v e r , e t c . 67,6?8,000 68.219,COO 63.509.000 Total Re-icrvas 2,218,625,000 2,210,524,000 1,877,433,000 B i l l s Di"/-"-a*ei ( S s c o r o d by G o v ' t war o b l i g a t i o n s 1,674,916,000 1,691.010,000 304,075,000 (All o t h s r 193,066,000 195,230,000 269,808,000 B i l l s bought in open market 240.790.000 248.107.000 326.503.000 ToWl b H . l s on hand 2,108,772,000 . 2,134 j 4 7 , 0 0 0 §00,386,000 U.S. Government l o n g - t e r m s e c u r i t i e s 27,134,000 27,138,000 60,403,000 U.S- Gc.vsros.snt s h o r t - t s m s e c u r i t i e s 175,646,000 173,797,000 260,400,000 All other earning a s s e t s 3 .000 3.000 3.222.000 Total earning a s s e t s 2,3l4,555^00 2,335,285,000 1,224,411,000 Bank p r e m i s e s 9,713,000 9,712.000 U n c o l l e c t e d i t e m s and o t h e r d e d u c t i o n s f r o m g r o s s d e p o s i t s 644,959,000 660,C66,000 356,954,000 5$ Rsdcrp'vior. f u n d a g a i n s t F . R. bank n o t e s 6,%$2,000 7,067,000 537,000 A l l ochsv v a s u a r c e s 7,738,000 7.2/4.000 324,000 TOTAL RESOURCES 5,202,3*85,000 5,229,928,000 3,450,659,000 L I A B I L I T I E S Capital paid-in 81.658,000 81,641,000 74,494,000 s-urpins Government d e p o s i t s Das to members - R e s e r v e a c c o u n t D e f e r r e d a v a i l a b i l i t y itoma f Q r e i 6 , n ' Othsr d e p o s i t s , including/government c r e d i t s Total gross d e p o s i t s F . R. n o t e s i n a c t u a l c i r c u l a t i o n F . R. bank n o t e s i n c i r c u l a t i o n - n e t l i a b i l i t y All other l i a b i l i t i e s T o m LI AH LI TIE 3 B^tic of t o t a l r e s e r v e s t o n e t d e p o s i t and. F»R* n c t e l i a b i l i t i e s combined Ratl-o of g o l d r e s e r v e s t o F.» B. n o t e s i n c i r c u l a t i o n a f t e r s e t t i n g a s i d e 35$ a g a i n s t n e t d e p o s i t l i a b i l i t i e s 4 ° , v 66,000 85,0C8,CCU 1,655,29^.000 437,593^000 120 .426.000 4g ,466,000 168,14/,000 1,631,16/,000 484,906,000 117 , 2 / 1 . 0 0 0 2,348,325.000 2,547,6/0,000, 149,449,000 25.81/,000 5,202,385,000 2,401,491,000 2,521,7/6,000 145,540,000 30.014^000 5,229,928,000 52.2^ 51-9# 63.7^ 63.5$ 1,134,000 104,818,000 1,4/3,294,000 226,139,000 8 2 . 0 6 / .000 1,88^318,000 1,4/9,920,000 7,g60,000 9.911.000 3,459,659,000 62.4^ ^Released f o r p u b l i c a t i o n Sunday morning A p r i l 6 j 1919; n o t e a r l i e r . WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS APRIL 4 , I 9 I 9 . St . ) 13 b ( i n t h o u s a n d s of d o l l a r s . ) R E S O U R C E S Boston New York P h i l a . Cleve. Richra. A t l a n t a Chicago S t . L o u i s Minn. K a n s . C y . D a l l a s San F r a n . T o t a l Gold c o i n and c e r t i f i c a t e s „ 3,171 248,989 117 1 8 , 7 9 8 2,158 8,172 22,707 3,978 8,269 156 6 , 0 7 6 10,793 ))),)84 Gold Lettlcuz-un"; i^and - F e d e r a l 612,711 Reserve Board 31}.J?'Q _224 ^ 2 8 0 j j 4 j ) 3 0 _ . . 5 8 , 5 3 . 3 26.883 11.312 10J- 181 I S . 56*5 1 8 . 1 5 8 3 0 . 1 7 8 15 030 _2_9,601 TOTAL g e l d he^D b y b a n k s 37,931 4 7 ) , 2 6 9 44,127 7 7 , 3 3 1 29,OUI 13,484 123,888 22,543 26,627 3 0 , 3 3 4 21,106 4G,)94 946,095 Gold w i t h F e d e r a l R e s e r v e A g e n t s ~ 55,500 281,596 7 4 , 6 4 0 135,119 ) 8 , 521 ' 42,.57 7 239 , 5 12 4 3 , 9 0 3 3 0 , 7 3 0 3 8 , l 4 o 1 7 , 1 3 1 102, 804 1 , 1 0 0 , 1 7 3 Gold R s d a r p t i o n Fund 14.082 25.000 9.934 193 6.271 4,994 22.849 4.903 6.935 4.603 g-947 1.771 104,682 Tubal g o l d r e s e r v e s 107,533 7 7 9 , 8 6 5 128,701 212,843 7 3 , 8 3 3 6 7 , 0 5 5 3 8 6 , 2 4 9 7 1 , 3 4 9 6 4 , 2 9 2 7 3 , 0 7 7 4 1 , 1 8 4 144,969 2 , 1 5 0 , 9 5 0 Legal t e n d e r n o t e s , s i l v e r , e t c . — __6.17b 52.784 229 1. I l 6 484 1.06.1 981 2.178 1.12 114 2,237 206 67, 678. Tol,al r e s e r v e s 113,703 832,64$ 128,93 0 213,959 74,3-17 6 3 , 1 : 6 3 3 7 , 2 3 0 7 3 , 5 2 7 6 4 , 4 0 4 7 3 , 1 9 1 4 3 , 4 2 1 145 175 2 , 2 1 8 , 6 2 s B i l l s ) Sec .by Govt war o b l i g a t i o n s - 143,631 628,697 169,249 120,577 8 6 , 1 8 2 66,836 20b,595 73.8O0 4 4 J 07 4 0 , 5 5 9 1 4 , 5 9 ^ 74,433 I , u 7 4 , 3 l 6 1 , 4 5 9 to, 812 29,747 1 9 , 5 6 4 193-066 Disetd)All other -4,^9 25,572 13,132 3 0 2 2 1 2 , 9 0 2 13,516 3 6',5^5 10,896 B i l l s boughc i n open m a r k e t — 7,152 55,612 3,192 '32,694 7,4-20 6,lC6 39,291 ' 13,3)4 26,59^ 8,846 2,173 38.316 240,790 T o t a l b i l l s on h a n d I607632 7 0 3 , 8 8 ! 185,623 15b, 293 106. 504 8 6 , 5 1 3 262, 43 1 9 3 , 0 3 b " 7 2 , 7 6 0 9 1 , 2 1 7 ' 4 6 , 5 1 ^ 132,363 2 , 1 0 3 , 7 7 2 U . S . G o v ' t . l o n g texm s e c u r i t i e s 533 1,306 1,3 85 1,083 1,2)4 377 4,4/6 l', 153 llv 8,867 3,9&7 2,6)2 27,13% u . s . G o v ' t . short-term s e c u r i t i e s — All other earning a s s e t s Total earning a s s e t s Bank p r e m i s s 3 U n c o l l e c t e d , i t e m s and. o t h e r deductions f r o n gross deposits — 5fo Redemption f u n d - F>R.Bank n o t e s All other r e s o u r c e s TOTAL RESOURCES L I A B I L I T I E S ,Capital paid-in Surplus Government d e p o s i t s Due to members - R e s e r v e a c c o u n t — Deferred a v a i l a b i l i t y items AH other deposits • • • Total gross deposits F.R.notes in actual circulation F.R.bank notes - n e t l i a b i l i t y All other l i a b i l i t i e s — • TOTAL LIABILITIES l),4l6 __ 176,536 800 16,356 i4,o4s 5,375 776,OCO 203,36'!- 1 J i ^ g L l 1 1 ) , 11) ),)02 500 100 296 8,4? 4 16,612 ll,568 3 9 5 , ) ? 2 2 8 3 , 5 1 ? 110,757 217 2,936 541 9,078 5,934 31^$5 2 ' 1 0 6 , 0 1 8 — 4C0 4,4oo 6,512 178,646 % . _J5_ 51-', S i f T U T l , ^ 0 ? 2 , 3 2 4 , 5 5 5 _ 221 400 9,713 52,616 166,955 65,019 4 6 , 0 5 6 45?7-3 2 9 , 7 4 5 8 5 , 1 8 4 4 j , 3 23 1 5 , 0 7 8 U j , 2 8 2 1 7 , 2 3 1 2 6 , 7 5 2 644,959 ?l6 1,535 825 671 2)1 .4)7 282 ,.4o4 282 656 346 35b 6,792 182 1,818 829 4q6 1,078 206 7 27 211 115 4]6 770 870 7,7)3 344,609 1 , 7 8 2 , 3 7 0 3 9 9 , % ? 4 ) 2 , 7 0 6 2 ) 4 / 7 4 3 1 9 4 , 0 3 ) 7 5 9 , 3 7 3 2 ) 2 , 7 6 3 l £ l , 85) 22?,9&3 116,870 315,0U0 5, 2 0 2 , 3 8 5 6,733 2,996 12,23 5 9*4,919 -41,228 %4l l4s,72) 169,609 l4,c6? __&4)1 20,929 7,537 9,213 4,112 21,117 2,608 3,552 2,196 25,079 7,312 5,07 2 2,06Q 6 3 8 , ) 8 ) 102,933 1 ) 1 , 5 3 ) 5 4 , 1 ) 4 12.6,755 54,117 3 9 , 3 7 5 3 6 , 7 6 ? 10Q..97S 986 3?.0 79 9 ^ , 1 9 5 165,403 1 7 6 , 3 ) 2 93,0*10. 7 ) 6 43) 206,696 2 2 9 , 2 2 1 128,946 ) 4 , 4 s ? 15,170 12,644 5,2.49 9.199 2.003 1.719 1.205 3,190 l l , 4 o 6 3,325 1,510 6,4x6 1,603 2,915 187 3,943 42,1)4 2)0,185 65,01) 20,307 6 2 , 6 5 7 3 3 , 7 0 1 57 2.108 303 6 5 , 4 l ) 295,137 107,965 3 1 5 , 1 ? ) 4 2 5 , 1 2 0 109,2.22 7 , 8 5 6 19,44o 9,3-93 951 2,359 955 2,971 3,740 1,415 2,421 3.356 6,769 4 g , ) 9 1 66,319 12,250 3 4 , 0 ) 7 279 lu6 64,276 107,791 87,151 99,520 5 , ) ) 2 1),010 703 1.481 3,198 4,699 31,653 1,184 2,44s 43,466 4,151 6,924 85,003 ) 3 , bO? 82,1^0 1 , 6 ) 5 , 2 9 3 12,555 1 3 , 8 2 4 48f\59) 77 5,75? 120,4?.6 5 5 , 3 9 0 103,640 2 , 3 4 3 , 3 2 5 4 9 . 5 6 5 191,014 2 - 5 4 7 , 6 7 0 6,)04 6,482 1^9,^'9 1,029 1.777 25.817 . - 32,174 )44,609 1,? 82,370 399, ^ 7 4)2,706 2)4, ?4s 194,09) 759,373 2)2,763 161,85) 227,963 116,870 ) 15,060 5,202,335 ^Contingent l i a b i l i t y a s e n d o r s e r on "Bills d i s c c a r t e d w i t h or s o l d t o • o t h e r F e d o r a l S e s e r v e banks IP,597 64,873 -** 43,250 - 20,000 - — - 10,000 - 118,021 R e l e a s e d f o r p u b l i c a t i o n Sunday m o r n i n g A p r i l 6, 1919; n o t e a r l i e r . STATEMENT OF FEDERAL RESERVE AGENTS1 ACCOUNTS AT CLOSE OF BUSINESS APRIL 4 , I 9 I 9 . ( I n t h o u s a n d s of d o l l a r s . ) Boston New York p h i l a . C l e v e l . Richm. A t l a n t a Chicago S t . L o u i s Minn. Kans.CyFEDERAL ESSERVE NOTES: R e c e i v e d frcra C'nrcf r o l l e r a. 230, 920 1,413,330 3^7, 220 338, 940 215,620 212,960 '574,560 181,320 124,880 1 5 9 , 7 0 0 Ectvrnsd to Comptroller 82-913 486,29b 10b,352 6 3 . 5 5 8 5?,<46 3 8 , 5 0 ? 9 3 , 6 3 3 4 $ , 1 0 2 2 6 , 1 4 4 4 0 , 1 8 3 Chargeable to F.R.Agent 192,00? 9 3 2 , 0 8 ^ 4 0 , " 8 S g 2 7 5 , 3 82 158,374 92? 136, 218 98,736 119,51? In hano.s of F . R , A g e n t 20,?40 1 ) 2 , 4 0 0 25,100 J>3»2b0 2b, lbO 56, l b 5 3 4 , 7 2 0 1 3 , 0 4 0 10,390 1 3 , 9 8 0 IcsTud to F . E . B a n k l e s s amo'unt r e t u r n e d t o F . f o r redemption 177,2b? 7 9 9 , 6 8 4 215,768 2 4 2 , 1 2 2 132,214 118,288 4 4 6 , 2 0 ? 1 2 3 , 1 ? 8 88,346 105,53? ; CCLIJVLS'KAL SECURITY FOR Gold c o i n and c e r t i f i c a t e s oij :,anu. —-— ~ Gold i"3c:cjrption f u n d 11,500 Gold Irment- Fund - F . R , B o a r d 4 4 , 0 0 0 Sli&il>ie . p a p a i , a:-n5=uzn r e t i r e d Tot 1.! 1/ I 12bl ' ? yz D a l l a s San F r a n . Total 101, 960 256,420 4 212 880 27,630 35,992 1,103'556 ?4,33^2207+28 3,109,324 23,280 6,000 395,235 5 1 , 0 5 0 214,428 2 , ? l 4 , 0 8 9 ~~ — 25,S70 2,$0^ — 5,44? 2,973 12,856 l 4 , ? 5 1 l 4 , 2 4 g 2,521 3,073 85,000 59,889 9 5 ; 0 0 0 3 6 , 0 0 0 3 7 , 0 0 0 2 ) 4 , 0 6 5 4 0 , 9 3 0 51^3% 1 0 ? . 0 0 ] 93,693 7 5 , 7 1 1 2 0 6 . 6 9 5 7A.275 i b o 4 21-5; (6b 242,lci2 1.52, 2 l 4 118,268 446,20? 1 2 3 , 1 / 8 13 ? 052 — 2,178 2,780 15,500 1 5 , 3 6 0 ^?:6l6 67.397 88, 54b 105,53 7 12,581 — 237, ' 2 , 8 6 6 13,326 88,520 1,684 89,4?8 773 906 3 3 . A i q 111.624 1 , 6 1 1 ^ 1 6 5 1 ; 0 5 0 2)4,-428 2 , ? l 4 , 0 8 9 709,881 151,876 154,206 104,308 70,315 46,5l4 115,032 '5,037,260 OF ELIGIBLE PAPER L5L.,IVEILED TO F.R,AGENT 160,632 82,o6l 2 6 2 ^ 3 1 88,?8? 91,217 MEMORANDA FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F-R. n o t e s o u t s t a n d i n g F . R . n o t e s h e l d by bank F.R.notes in actual circulation- B i l l s disccuntod B i l l s D'H.giiC in op on m a r k e t U--S. Gove m i e n b s h o r t - t e r m s e c u r i t i e s Municipal warrants — — DISTRIBUTION OF DILLS, U . S . GOVERNMENT SHORT-TEE,1 SECURITIES AND WARRANTS BY MATURITIES. W i t h i n 1.9 days 16 t o 30 days 3 1 t o 60 days 6 l t o 90 days Over 90 days Total 1,.'31 ; 100 154,729 308,788 52,050 21,315 1,8b?,982 7>;7r)l 24,/'04 3 6 l , 5^3 - 3? ,303 16,1/3 4,07*3 — 3,890 — — 145,974 — 240,790 1?S,646 3
@FedFRASER