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STATE!ENT FOR THE PRESS, Released for publication on Sunday morning, August } ; not earlier. S t, *::S Federal Reserve Board, August 2, 1319' CONDITION OF JSIETtAL RT j IJIYZ BiKI'S. Reduction by about 4S millions in the Government deposit account, together with moderate liquidation of discounts and acceptances is indicated in oho Federal Reserve Board’ s weekly bank statement issued as at close of business on August 1, 1919* Gold reserves show a further decline of b»7 millions, larger withdrawals of gold for export having been offset in part through gold deposits by the Treasury. War paper on hand shows a decline for the week of 3 millions, other dis counts - a decline of l6.1 millions and acceptances - a decline of 0»S million • War paper holdings of the Chicago, St* Louis and Minneapolis banks are inclusive of 99,3 millions discounted for other Federal Reserve banks, as against 24*9 millions shown the week before, while acceptances on hand at the Cleveland and San Francisco banks include 4-7*3 millions ( as against 4?>»6 millions) of ac ceptances acquired frcm other Federal Reserve banks* Treasury certificates, largely to secure F. R. banc note circulation, went up about 6 millions, largely at the New York and Chicago banks* This increase goes hand in hand with an in crease of 7 .1 millions in F. R, bank note circulation. As against the substantial decrease in Government deposits indicated, members’ reserve deposits show an increase of 24.1 millions, the "float11 car ried by the Reserve banks - an increase of 3*1 millions and net deposits a decline of 30«4 millions* Federal Reserve notes in circulation went up 2.3 millions, while total cash reserves declined 4 .7 millions. The banks’ re serve ratio, because of the relatively large reduction in deposit liabilities shows a rise from 50*2 to 50*5 P^r cent* Released for publication Sunday morning August 3, 19^9» no^ earlier. STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS AUGUST 1, ,1919 R E S O U R C E S . July 25, I 919 Aug. 1 , 1919. Gold coin and certificates ; ■$ 270 ., 601,000 ~ $ 263 , 275,000 Gold settlement fund - F.R.Board 591,532,000 64l ,896,000 Gold with foreign agencies Total gold held by banks 862, 133,000 905 . 171.000 Gold with Federal Reserve Agents 1 , 108.,O51,000 1 ,071 , 307,000 Gold redemption fund 124.967.000 111.997.000 Total gold reserves $2 , 095 , 151,000 $2,088 ,4-75 ,000 Legal tender notes, silver, etc. 67 .852.000 65 . 872..000 Total reserves 2 , 156 ,327,000 2 ,161 ,023,000 t, . 1 v __(Secured obligations° 1 , 612, 639,000 1 , 616, 210,000 Bills aiscoijnted ; „by „ Gov't.war , " (All other 235 , 300,000 251,392,000 Bills bought in open market ... 375.. 556.000 - 1 7 4 ,291,000 Total bills on hand 2 ,222, 730,000 2 . 243 . 158.000 U. S. Government bonds 27,094 ,000 2 7 .086.000 U. 3- Victory notes 280 ,000 286,000 U. S. Certificates of indebtedness 217 , 982,000 212,028,000 All other earning assets Total earning assets 2,468 ,086,000 2.482.558.000 Bank premises 11,801,000 11.784.000 Uncollected items and other deductions from gross deposits 739,517,000 690,495,000 5$ Redemption fund against F.R* bank notes 10.735.000 10 . 613.000 All other resources 9.386.000 9.898.000 TOTAL RESOURCES 5,395,952,000 5 ,366 , 371,000 L I A B I L I T I E S Capital paid-in 8 3 . 532.000 3 3 .317.000 Surplus 81,0S7,000 81.037.000 Government deposits 6g , 357 ,ooo 1 1 6 ,038,000 1 , 718 ,396,000 Due to members - Reserve account 1 , 7U2 ,47 s ,000 Deferred availability items 521 ,232,000 535.178.000 117.444.000 Other deposits, including foreign government credits ... lliJllqQOO 2,505,798,000 2.437.056.000 Total gross deposits 2.504.497.000 2,506,-820,000 F. R. notes in actual circulation 200,945,000 193,349,000 F. R. banknotes in circulation - net liability All other liabilities l 6 . 565 .OOO 17.770.000 5 ,366 , 371,000 5,395,95^,000 TOTAL LIABILITIES Ratio of total reserves to net deposit and F» R- note 50.2 $ * ' liabilities combined 5O -5 $ Includes one year Ratio of gold reserves to F* R. notes in circulation Treasury notes % 61.4 4, 61-2 % after setting aside 35i° against net deposit liabilities st . 518a Al:g. 2 , 1918 $408 ,470 ,000 623 , 119,000 9.696.000 1.041.285.000 902.793.000 36 .818.000 1.980.696.000 5' , 022,000 2.034.918.000 . 685 921.000 534.998.000 209.185.000 1.480.104.000 36 , 237,000 * 17,573,000 101.000 1.534.015.000 531.553.000 496,000 10 .551.000 4,111,538,000 76.513.000 1,134,000 161 , 236,000 1.423.532.000 390 , 911,000 114,718.000 2 .090 . 397.000 1,906,465,000 1 1 .479 .000 25.545.000 4 , 111 , 538,000 53-7 1° 73.1 $ I:e leaded fcx p-.ibl? catien Sianday morning August 3> 1919; not earlier. 1919 .S t . 518b WEEhLI STAxEl/iENT OF RESOURCES AND LIABILITIES OF TIIE FEDERAL ICESERVE BANKS AT CLOSE OF BUSINESS AUGUST 1 R E S O U R C E S (in thousands of dollars.) Phila- Clevel. Ricbm. Atlanta Chicago St.Louis 538 33,535 2,272 7,222 23,603 2 937 4i, 165 3S,027 26,067 9 ,132 112,316 21 *,523 41,703 7 1 , 5b2 2 8 ^ 5 16,960 142,119 24756o 74,3^2 ll4_,7S6 22,742 43,285 249,235 53,969 g,835 531 2,204 6.958 _24,055 3 ,9 H 124,870 186,879 65,291 67,203 4 151+09 82,350 523 1 ,2 9 1 _____ §96 4,4-94 322 1,027__ 125,192 187,905 657gl4 416,305 sET,!^' Boston New York Gold coin and certificates---b;j5 ^b0,070 Gold settlement fund - F.R. Board H ,$ b 3 224,S£g Total gold neld by banks---5^, obO 384, gcg Gold with Federal Reserve Agents56,896 287,017 24,829 1Gold redemption f u n d -------- ...., 16 ,560 Total gold reserves. — --- ■ -- 128,116 696,744 Legal tender notes, silver, etc._8»2b2 4g,^57 Total reserves — — ------- 136,372 T O , 301 Bills discounted* Secured by Government war obligations (a)---------- 137,720 644, 0 9 6 1 75 , 34 9 10 1 , 826’ 76,296 75,7 78 All other--------------6, 98b 58,120 15,g30 10,517 13,595 12,441 Bills bought in open market -(b)— g6,725 9g,002 660 56,916 8,290 6, 5og Total bills on h a n d ------371,431 g00,212 191,839 169,259. 98,181 94, ]Z1 u. s. Government bonds------539 1,257 1,385 1,093 -ly234 376 U. S. Victory n o t e s --------12 50 1 6 U.S.certificates of indebtedness21,436____ 61,580 24,212 18,875 7,835 10,479 Total earning a s s e t s ------- 193,^24 £'53,105 212,037 189,227 107,310 105,642 Bank premises-------------200 3,999 500 g 75 4l6 459 Uncollected items and other de~ duct ions from gross deposits— 53,217 171,032 66,333 62,740 71,200 32,210 Redemption fund against ■ f . r . bank n o te s ---------1,072 2,091 1,225 896 442 52O All other resources----------^24______2.588 76S 950 513 Ms TOTAL ' r e so u r c e s 25,542 49,220 1,679 1..462 795 536 385,275 1,787,922 412,055 442,594 246,301 207,704 211,426 ( 0) Includjs bankers1 acceptances bought from other F.R. banks Tith. tlieir endorsement V.'itiiout their endorsement - ^ Minn. Kans.Cy- Dallas San Fran. Total 2 374 162 9 438 9 217 ?63 275 31+*57S 3 5 , 90U- 6 ’,343 35,*242 6 4 l’ 89b 4 2,952 3 67^66^15,721 45,065 90 5,17 1 32,100 2 9 , 66s 16,269 1,921 11,162 2,344 76,973 7o,89b_ 54:,39U 92 171 77,065 77,067 36,314 85,008 1,071,307 2,687 111,997 133,360 2 ,088,"475 1,920 297 67,852 25,617 4 o ,707 3 2,110 46,242 1 , 612,639 14,19 2 235,3 00 91,906 374,791 152,346 2,2227730 3 , 927 41,730 21,007 24,742 2 332 ^ 2 9 2 “ 827W 1> 3T 1^ 116 2,867 3,966 133,657 2,1567327 2,632 27,094 205 280 6,292 7,343 6,300 6,690 217,982 ^ 1 ,5 0 5 92,649 63,715 r 6l ,662 2,4627686 401 307 400 11,201 17,058 64,054 29,017 37,328 729 450 394 436 165 472 553 739,617 10,735 822 9,386 240,455 156,127 241,372 130,342 334,319 5 , 395,952 M E M O R A H D A (ay Includes bills discountjd for other F.R. banks, viz- 193,391 63,507 26,223 -10, 73 2 50,gQ0 9,242 270,4l4 ’ gl^OSl 4,476 1,153 _28,6l2 17,068 303,502 102,302 2,936 70S » 62,250 — _ — _ _ 10,012 _ — ' _ — 20,000 _ — 17,000 _ — - - _ - 99,250 _ _ - 37,317 ^ 7,329 Released for publication Sunday morning August 3, no^ ear^ er # PTT m .. im n IftESM.Y STATEi/ILi^T OF EESOURCES M D LIABILITIES OF THE FEDERAL RESERVE BARLvS A j. CLUbii, uF j^Ubli^oS ^U&LSx 1, 1^19(In thousands of do liars 0 qt ir-i# *2 Go L I A B I L I T I E S Boston c^oiiai-paid-ip____________________ '___________________ r ^ r - '- t f - r o s i u _______________ 6,936 5, 206 6,619 - Reserve accomvt- 106,S1S Deferred availability it e m s “ 8,310 ot? r 7“ 1 , 75“ 101,215 1 2 7 ,71b l“ 0 ,G 3 , 59,193 51,313 u ^su *°T eim Total'srosB1 d e p o s it s New York Piixla- Clsvel- Rician* iitlanta uhicagoo’t-iiOims ^linu- ^aus^by. 21,W o 7,653 9,258 U .Z * 3,277 11,673 3,9“ 5 3,023 3 .S0H 32,922 5, 311 5.S60 3, E=o 2,805 9,710 2,589 2,320 3,957 10, 5“ 1 2,133 6,333 S37 2 , 77 “ 9,“ 29 5,3“ 5 5,936 7,383 7>78x s . “ 03 5“ ,323 65,323 “ 5,610 250,29 5 23,38b $7,050 “ ,“ o7 3 ,“ 83 11, 271 6 l , g 0 45, * 5 39,880 10,597 “ .597 2. 605 lb8|“ „3 9“ M S 2 170,328 193,771 12“ , 8 9 ^ 7 5 , 2 5 3 3 3 8 ,0“ 5 l l l.s S T E ir ,7 “ 3 F-R-no tes in actual circulation- 153 , 3“ * 7“ 5 , 9 i£ 203,665 215,039 105,“ 25 115,933 “ 20 , 31“ 105,109 78, ss° * ~ All other liabilities ------- total lia b ilitie s -------- 13. 769 33,523 23,322 1.-15 6,211 1,176 17,“67 1,199 75,988 38,97- “ . “ 95 Dallas 3,297 2,029 2, 30 ] *0,133 21,18-1 z m *A 4,9132 o ,,* 1 * • ‘’ ? s ,0^ «s.55.^ ^ I l f l i t 0 ,9 * ■ **••«- i 2 ,5 5 5 ,7 9 8 9 1 ,“ 98 “ 6 , 7“ 2 19“ , 7“ “ 2, 506, 820 7,188 9,785 23,71“ 16,185 6 ,6 7s 1“ ,173 8 ,“ 31 8,03s 200, 9“ 5 768____ §51___ 1*225_______ “ 5____ 53“-- L 0 S 8--- 15J---1 ^ 2 2 --- U ± U ° 325,275 1 , 787,922 412,055 442,594 246,301 207,704 811,426 24o,455 156,187 241,372 130,342 331+»319 5,395,952 ME M 0 R A N D A Contingent liability as endorser onDiscounted paper rediscounted • with other F. R. banks--..Bankers1 acceptances sold to other F* R« ban k s------- r - .32,250 - - - 55,000 nn oKri - - o,000 - ~ - - 99,250 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION r F» R- notes outstanding------ 192,283 F. R. notes held by bank----- -- 3,(39 F.R- notes in actual circular t io n ___________________________ 183,544 Bills discounted.-■ >-------m ils bought in open m arket--U*S*certificates of indebtedness 820,392 21 7 ,3 ^ 227,834 110,668 120,813 455,930 74.474 13,675 12,795 5,243 4,853 35.bib v 745,913 203,665 215,039 105,425 115,933 420,314 122,273 17,lt>4 S I ,546 2,657 105,109 72,889 99,115 ^9,l6S 212,012 2 J15,374 7,ol.7____A 12 £___23i 2o8-- 2Qbjj5 . .r . _ cr.r 91,1+98 4o,7^2 194,744 2 , 506,820 DISTRIBUTION OF BILLS AND U.S. CERTIFICATES OF INDEBTEDNESS. BY MATURITIES. Within 15 days lb to 30 days 31 to bO days 6 l to 90 days Over 90 days 1,521,353 28,439 103,937 115,283 12,927 74,344 85,446 165,047 49,954 . ^9*229 6,015 2S,233 3^*3^ 12?,19^ iota.1^ - ^ 1 7 ,9 ^ -•'Eeleased for publication Sunday morning, August 3> 19~9 > no^ earlier* St-513d STATEMENT 0? FEDEEAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS AUG. “1, 1319 . (in thousands of dollars.) Boston New York Phila- Clevel. Riclm. Atlanta Chicago St.Loms Minn-Kans. Cy. Dallas San Fran. Total * ‘ Re ceive d^ f roin^Ccliptr 011 e r ________3^2,640 1,667,520 U2OJSO 372,480 227,120 21+1,500 Returned to Comptroller__________ Chargeable to F. R. Agent 128,517 - - 2lU,123 In hands of F* R. A gen t------ 2 1 , 8U0 Issued to F« R. bank less amount returned to F. R. Agent for red e m p tio n _________________________ 192,283 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and certificates on h a n d ----------------- * 713,588 17^,660 113,6^6 659, SoO 218,020 92, 521+ 59,796 173,670 76,037 9 53,992 246,120 258,83*+ I 3 I+, 596 181, 70U 1+86,290 lUl, 9S3 13^,320 170,920 lO^JoO 30^, 1+00 >*, & k , 5>+0 32,07^ 19,710 1^,760 13,150 19,350 • . . . 820,392 217,3^0 227,834 110,668 120,813 >+55,930 122,273 21 , 5^6 ., 99,115 H 133,600 123 , 7U0 22,720 31,000 23,922 60,291 30,360 12,125 - 2,500 - - 13,052 3,1+11 3,032 1, 2^8 1 1 ,^ 3 12,56l 1 , 7^2 Gold Settlement fund, F. R. Board ^5,000 90,000 62,889 90,000 27,000 38,000 25+0,82>+ 50,931 17,200 533,375 1^3,002 113,0^2 81,926 77,528 206,695 6S,3Ql+ 1+9,U46 AMOUNT OF ELIGIBLE PAPER DELIVERED TO f , R . AGENT - - - - 171,431 10,b00 2,725 820,392 217,3^0 227,231+ 110,668 120,813 1+55,930 122,273 , 200,218 145,245 l6s,28i+ 94, 76s 86,747 270,067 9,231 2,302 2,75^ 9,926 S I ,5^9 27,360 3,624 75,022 7b8,510 32,299 133,00*+ 1 , 6 ^ ,0 6 7 6 9 ,^ 7 82,439 - 2 21 , 2l+S - 21, 5U6 99,115 . ■ 72,952 51,623 U07 , 9^9 . , n 162 218,012 2,715,374 . - 13,277 192,283 1 , 71* ! ,197 68,512 228,612 3,123,3^3 11,296 T o t a l _________________________ 75,782 96,306 112,26 5 Gold redemption f u n d ------- Eligible paper, minimum required- 135,327 52,655 36,21+2 ^9,168 218,012 2,715,374 . .,, 53 , 1+1+9 137,682 2,H+O,9o5 ,------------ 1 I— ' * St, 519 * STATEMENT FOR THE PRESS Released for publication, Monday aorning, August 4, 1919; not earlier* Federal-Reserve Board, Augast c.% 1919* CONDITION OF MEMBFR BANKS, Substantial reductions in the holdings of all classes of war securities and of war paper accompanied by a larger decline in net demand deposits are inof dicated by the Federal Reserve Board's weekly statement, condition on July 25 of 769 member banks in leading cities* Treasury certificates on hand show a decline for the week of 33*^ millions, Victory notes - a decline of 14#*+ millions, United States oonds other than cir culation bonds - a decline of 1.^*6 millions, and war paper a dcclxne of I S *3 mil lions. Declines under a* heads are shown by member banks in Federal Reserve bank and branch cities as well as by banks located outside triese more important bank centers * The decline in other loans and investments is confined almost altogether to New York City banks* declined from Aggregate holdings of C. S* war securities and war paper 3 >330*5 to 3 * 250*7 millions and constituted 22 *o per cent of the total loans and investments of the reporting banks, as against week before# 23*0 per cent the For the New Yor^ City banks a decline in this ratio from 26.0 to 26 t2 per cent is noted# As against a moderate reduction of 7*7 millions in Government deposits banks report an aggregate decline of about 173 millions in other demand deposits (net), of which 108-2 millions is shown for the New York City banks* posits show an increase of 23 millionsas measured by the amounts of the Time de Borrowings from the Federal Reserve banks^ collateral notes and customers1 paper held under dis count for the reporting banks show an increase of about 22 millions* Cash in vault declined 8«9 millions, while reserve balances with the F. R% banks increased from 1 , 300*9 to 1 , 312*3 millions, which is about 77 per cent of the total reserve deposits reported for the same date ty the Federal Reserve banks# He 2ease cl for publ i cat ion Monday morning August 4, 1919: not earlier- S t .519® SxAi'E’/Ei'jT SHOWING PSIKGIFAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN LEADING CITIES. h __ Comparative data for, all reporting banks^___________________ (In thousands of dollars.) ______ ____________________________ _____________________ July 25, 1919 July lg. 1919 4Eril_25^_J31^ 769 769 772 U. S« bonds to secure circulation - - - - - - - - - - - - - 269,622 269,001 -- • 26s ,323 262,735 Other Uc S» bonds including Liberty bonds - - - - - - - - - 636,510 650 ,033 ' ' - 657,697 799,999 IL S. Victory n o t e s ----------------- :-------- - 353,751 363,139 U. certificates of indebtedness - - - - - - - - - - - - - 396,635 930,124 Total U* S. securities - - - - - - - - - - - - - - - - 2 , 156 , 56s 2,217,397 1 , 363,764 1,332,145 10 , 359,651 10 ,391,032 1 , 318,281 1,300,919 Humber of reporting banks Loans secured by U*. S» bonds, etc* Cash in vault 355,910 Net demand deposits Time deposits Government deposits Bills rediscounted with Federal Reserve bank ------- Ratio of U» So war securities and war paper to total loans and investments, per c e n t - - 2 , 046, 35s _1,457,219- . ~ 2 , 972 ,37 s 2 , 520,003 1 , 099, 39s 1,189,351 10,264 ,007 10 ,092, 1^9 1,238,044 1 , 275,623 353,173 363,296 •. 364,323' ' 10 , 716 ,09s - ■ 1,739,774 1 , 766,315 _ 412 , 925- 772 ' 10,543,056 405,161 Bills payable with Federal Reserve bank - - - - - - - - - - *■~ Jan. 24,_1313-- • ••". ' 10 , 209,754 9,995,791 1,717,342 1,587,597 525,735 489,447 • 1 , 100 ,6s4 1,063,317 :1,164,126 993,545 34o ,096 349,973 244,995 360,773 2£-6 23.0 26.5 25,0 s t ^ ig b Released for publication Monday morning August U, 1913; no^ earlier. STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN LEADING CITIES. (In tiiousands of dollars-) 2» Data for all re-porting banks in each district, as at- close of business July 2y< iq.19*_________________________ _ Total Boston Hew York Phila. Clevel. Richn* Atlanta Chicago St-Louis Minn, Kans.Cy* Dallas San Fran. 53 55 769 U6 109 56 <lvO S2 Uo 100 35 35 7b No. reporting banks — ---203,622 5g, SbO H ,5 S 7 20,113 17,156 7,120 15,217 15,723 3 5 , b05 U1 .S 5C 23 , 755 15,115 U.S*bonds to secure circulation- i 5 ,5 os Other U^S*bonds including 636,510 239,239 35,727 17,628 5b, lyj lo 550 io, i5o 22,102 13,419 33.860 63,285 39 , 6o5 24, £01 Liberty bonds -— -- --- -9, s 6 o 353,751 17,690 15,572 19,526 1143,127 53,261 13, 5,573 I X ,877 553 7,550 10,517 U- S. Victory notes —------55,795 896,685 315. So2 5 1 ,027 172, 55l 25. ^6 20,502 24,927 23.325 5i,3o5 75 352 6o,5 25 52,663 U .S . certificates of indebtedness 37,256 1 1 9 7 ^ 2 9 ^ 1 5 67563 S067T42 I 7 H 69 I'M, 25*5 226, S^b 105.101 ■ 112,105 xota<i> u ^vD«■ ecul xt i6>3 — — —— — 307,976 73, 105 —1*5,302 ” 7177S3~ T 67039 20,782 1,363,765 6 , 76 s 750,553 7 5 , 226 62 s 13,021 93,636 26 172'910 16,977 109,557 52, 75o 30 , 116 Loans, secured -by: U >:S^borlds, etc. All other loans and investments- 819,266 5,275,55S 655, S05 ,022, 953 500,095 312,553 1 , 591,625 3 .9 3,355 253,^20 5s5,525 135,597 569,657 10,359,651 175,245 53, 095 25, 992 56,599 21, 171 54,771 1,313,231 Reserve balances with F-R -bank— 95,613 35,393 33,756 657,903 65 ,187 75,655 2 2 ,^Q3 Cash in v a u l t -- ----------13 , 56 s 355,910 17 ,185 32.085 17,156 121,377 65,607 11 , 679 9,353 20,273 9-309 15.622 Net demand deposits------ -- 737,370 5,6*15,699 656,191 so9’ 5o9 325,603 2 5 3 ,w 5 1,303,303 309, 057 ?55, 3 U2 523 ’ 61 s 130,902 465,228 10,553,056 Tune deposits------------ 110.205 - 319,^55 21'303 292,355 37,677 li5, 766 55o, 151 98, 653 56,532 76,370 30.336 150,831 1 , 739,775 U05,l6l Government deposits -------26 ,565 52 , 59 s 16,255 152. 230 16,152 59,653 19, 777 30,193 9 ,H 3 13,079 16,517 13,155 Bills payable with F«R* bank-- 26,56o 29,335 1,100,685 695 590,666 l5s, 336 35,550 39,155 53,332 .15,092 7,120 91,912 29, 35,577 Bills rediscounted with F-.R*bank 70,395 6,253 12, 522 2,635 16,862 l5„558 236 25,329 5,553 350,096 152,707 26,677 7,590 .3» Comparative data for banks in Federal Reserve bank and branch cities and all other reporting banks» New York Chicago All F-R 1.bank cities F~R*branch cities No* reporting bank s------ -— -------Ur S e bonds to secure circulation---- -Other U*S. bonds including Liberty bonds-U* S^ Victory notes — --------------U. S* certificates of indebtedness Total U« S„ securities----*--------Loans sectored by U* S. bonds, e t c * -----All other loans and investments-------Reserve balances with F. R. b ank-------Cash in v a u l t -------- -- --------Net demand deposits----------------Time deposits — «----------- -------Government deposits----------------Bills payable with F- R* bank--------Bills rediscounted with F* R. b ank---- — Ratio of U.S. war securities and war paper to total loans and investments, per cent— July 25— July IS 71 39,163 267,610 12^*730 PsO 1 r'Q 721,722 71 39,163 273,365 133,123 760,920 709,278 703,757 857 , 820 3,913,329 bll' 7S5 625,555 110,255 112,525 558,311 5,556,520 256,575 250,335 157,275 135,009 553,209 538,719 138,685 131,126 26.2 26.6 July 25— July 13 • 55 55 1,370 23,529 25,935 _29_JlL7_ 159,110 72,666 292,202 12 l j 127 37,519 1,36 23,069 July 25--July IS 253 105.073 377,676 203,537 2 6 , o 65 97.. 902 i5s,5o5 1 , 235,225 73,152 l , 100,670 395.. 763 7,132,915 12.1, 0 .1.3 981 ,159 32,956 205,833 7 , 555,762 865,535 166,525 30, 295 59,072 5,667 879,311 166,155 51,530 13,578 752,086 279,738 733 , 95 7 259,315 19.8 19*7 23-5 22,530 253 103,365 325,099 217,033 578,295 979,i5l 212 , 15s 292,390 772,275 266,772 23.8 July^ 25--July IS lb4 lo^ 57,335 109,261 81,565 57,026 lio, 6 s6 79,133 213 ,535 ^11 other, ^reporting D3V ~ ''y'r' bamcs July^25— -July 18 356 356 10S, 110 102,215 159,573 155,293 72,013 62,759 137.668 137,.655 202,973 460,535 565,205 457, 13 s 127,355 139,955 135, 739 ,703,850 1 , 698, 06s 1 , 972,886 168 , o55 157,331 169, 07 s 29,592 60, 21 s 60,579 ,395,615 1,515,255 1 , 693,680 530,535 517,153 530,193 57,975 56,733 67,399 137,900 173, 827 160,673 30,055 5 0 ,73S 23,939 23‘3 23-6 . 18.8 573,070 130,965 1,960,970 163,397 92,557 1,636,755 512,579 57, 302 135,369 53,267 19.3 O H F I B E N T I A L Not for publication (In thousands of dollars.) Federal Reserve Bank r I 1 st .523 RATIO OF "FLOAT" OF EACH FEDERAL RESERVE BANK TO BMEDIATELY AVAILABLE DEPOSITS. "FLOAT" ' "Float" after adding net debit * Ratio to * or deducting net credit in 'Uncollected1 Deferred 1 Saturday’ s settlement 'immediately1 1 items ' availabili ty 1 t Ratio to immediately ismount ' available * items ' • * ? 1 1 1 deposits 1 Amount * available deposits Per cent Per cent August 2, 1919* 1 1 1 1 1 "Float" after deducting National and F.R» bank notes , also net investment in transfers from second calculation t Ratio to immediately available deposits .Amount 1 Per cent 53,217 48,310 4,907 4.1 5,402 4.5 5,127 4.3 168, 53S 140,053 28,485 3*6 50,235 6.3 50,235 6.3 Philadelphia 66,333 59,199 7,134 6.4 6,679 6.0 6,679 6-0 Cleveland 62, 7^0 51,313 11,427 8.0 7,720 5.4 6,764 4.7 Richnond 71,800 65,323 6,477 10.9 3,375 5*1 3,234 5.4 Atlanta 32,210 23,386 8,824 17*0 6,797 13*1 6,492 12.5 Chicago 85,5^2 67,050 18,492 6.8 is , 256 6 .7 17,174 6*3 St. Louis 49,280 39>sso 9,400 13*0 7, S83 10.9 6,679 9*3 Minneapolis 17,058 io,597 6,46l n*9 5,263 9-7 3,863 7-1 Kansas City 64,05^ 38,974 25,080 28.5 20,673 23-5 n ,7 9 7 13*4 Dallas 29,017 21,181 7,836 lb .4 8,309 17.4 4,704 9.8 San Francisco 37,328 15, 966 21,362 20-4 15,293 14.6 7,342 7-0 737,117 5 S1,232 155,885 8.1 155,885 8.1 130,090 6^8 Boston New York TOTAL FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS AUGUST 4, 1919. . 4 C O N F I D E N T I A L Not for publication COMPOSITION OF UNCOLLECTED ITEMS AND DEFERRED AVAILABILITY ITEMS. August 2, I 919 (In thousands of dollars.) Bank UNCOLLECTED ITEMS 1 1 ? Checks 'National bank1 1 and 1 1 1 notes and 1 Clearing 1 other 'bank notes of'Transfers ' .All other ' other ' bought 'uQcollocted* house 1 cash ’ * items ' exchanges1 itans 1 F. R. banks 1 1 1 1 ! Transfers ’ Government1 Other 1 Gold ’Settlement 1 transit 1transit sold 1 suspense 1 items 1 items f 1 ' ' * Total 50,724 53,217 16,005 - - 32,305 4 ? ,3 10 - - 135,611 168, 53S 71,054 - - 68,999 140,053 - - 59,^07 66,333 20,063 - 984 38,152 59,199 57 , 53*+ 62, 74o 14,413 - 2,329 3^,571 51,313 - 67,923 71,800 32,096 - 6,479 26, 7^8 65,323 - 28,076 32,210 3,^70 - 1,901 18,015 23,386 2 , 4o6 3 8 ,7 88 67,050 2,129 22,466 39,880 379 6,197 10,597 30,878 32,97^ 106 24,596 8,331 Philadelphia 5,7^7 1,179 Cleveland M 39 11 676 Richmond 3,553 183 l4i Atlanta 3,563 266 305 Chicago 9,379 S t . Louis 2,79S Minneapolis New York Total DEFERRED AVAILABILITY ITEMS - 2,112 Boston t1 ! ! 275 280 442 990 7^,731 25,5^2 25,506 52 639 565 45,226 . 49,280 15,285 2,133 3S ^3 1,357 13,487 17 , 05 s 4,021 - Kansas City 1,996 1,560 326 8,'550 51,622 64,054 8,096 - Dallas 1,186 1,214 250 3,395 22,972 29,017 6,112 Uo 6,024 9,005 21,121 San Francisco 2,955. .......23 .... ......._ L 0 9 9 6,854 26,397 37.32S 3,509 2 346 12,109 15,966 21,991 633,710 7 3 7 ,H 7 219,630 392 22,977 332,233 581,232 TOTAL 64,257 - 12,963 FELEERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS AUGUST 5 , 1919 4,196 ..... 350 - - BOLD RECEIPTS AND DISBURSEMENTS FOR EACH FEDERAL RESERVE BANK DURING WEEK ENDING JULY 11, 1919 . (Figures do not include gold received from or paid to another Federal Reserve Bank.) St-524 uiiuusaiius ox c loxxars; 1 • e . uuu aniT-tecu; .... -___ ...... I R E C E I P T S 1 ! 1 * In exchange for F.R. notes Credit to denosit accounts 1 i I From U-S * ' Froija ’ Other banks, All other ? '. 'U. S. Government* Member 1 Total 1 Government 1 members 1individuals, etc-.1 Total 'General Account 1 banks ' Total 1 N. S. 1 Receipts — 161 220 1 1 221 59 Boston 117 100 217 ' ■3'76 Now York 4,462 " 3,869 "3 ,8 6 9 152 167 15 152 Philadelphia ft 115 71 2 312 Clave land 195 195 8 8 29 29 Richmond 37 21 848 827 47 47 895 Atlanta 8 5 291 13 Chicago 275 275 jX 1 3 3 135 St* Louis 135 139 8 l 104 104 22 9 Minneapolis / 135 1 20 1 Kansas City . 19 54 33 33 - ■ Dallas 53 53 53 1+4 10.672 San Francisco _______ 23 ... ' 67_.. 10.000 _______672 10,739 283 Total for Syst em 827 425 _____ 1^515___ 10,000 15^65 _____ J m _____ -_1L_5Q5_____ _ 5,565 1 D I S B U R S E M E N T S I 1 t In exchange for F.R. notes Debits to deposit accounts 1 1 T f 1 To.U. S. 1 To ' Other banks U* S. ’ Member ' Total A11 0 tbicr ' * Government 1 members 'individuals, etc .' Total ' Government 1 banks 1 Total ' Disbursements N. S. * •— 278 Boston 24 24 27S 302 Ill New York , 660 776 5 15,450 15,450 22 16,248 Philadelphia •* 1 1 563 563 391 955 Cleveland 1,537 1,537 1,537 — 370 Riclmond 370 101 101 471 1,478 1,478 Atlanta 348 1,841 15 15 — 807 Chicago 607 807 247 2 U 7 St .Louis. 53 53 699 999 6 176 182 Minneapolis 182 l4o i4o Kansas City ' i4o 4-9 49 212 Dallas 30 133 133 l4 90 227 4o 4o 331 10.682 San Francisco 11.053 344 6,758 15, 764 Total for System 6,395 12,172 19 53 15,817 34,747 COM F I D E N T I A L Hot for publication Excess, receipts Excess payments 81 5,568 - DIVISIQN OF REPORTS AND-STATISTICS, FEDERAL RESERVE BOARD, AUGUST 7, 1919* 264 - .— 5,223 9,947 _ 10,199 252 11,767 17,242 0 0 N F I D E I T I A L Not for publication Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total for system GOLD RECEIPTS AND DISBURSEMENTS OF EACH FEDERAL RESERVE BANK DURING WEEK ENDING JULY 18, 1919. (Figures do not include gold received from or paid to another Federal Reserve Bank.) -- — ------------ (In thousands of dollars; i . e . . 000 omitted.) ________________________ R E C E I P T S In exchange for F. R, notes .'_____Credits to deposit accounts 1 From U. S. I Fran 1 Other banks, ' ' U.S.Government ' Member ' 1 All other Government members 'individuals, e t c .' Total .'General Account 1 banks 1 Total 1 N- S. 231 308 77 5 5 122 18 l5o 10,000 10,525 525 U50 1 10 9 10,000 10,179 179 36 62 98 285 285 71 7 7 57 57 1,388 1 , 1*5 57 25 25 l 10 9 520 520 12 1 5 3 1 91 91 8 11 3 59 59 5 25 1,388 -23U99 7 __ l .21 228 In exchange for 3T.R. notes ' To U- S. ' To ' Other banks, ' ' Government ' members 'individuals, e t c .’ Boston New York Philadelphia Cleveland Riclmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total for system 77 6,>328 Excess receipts Excess disbursements 5,950 109 1,655 571 711 686 M 09 UiU 88 55 73 90 — 31 31 — — - — - — - 50 — - — — 9 — - - - - 82 172 12 12 327 216 1 _,5_G - 20,000 2,115 . 2,096 53 m 56 3^ 22,096 D I S B U R S E M E N T S Debits to deposit accounts U. S. ' Member 1 Total ' banks 1 Total 109 20 5,386 1,676 571 711 10 6s6 2 1,859 4 h ik 1 . 88 6H- 2 002 2*5^0 All other N- S. 171 6,512 1919. 65 1,570 U42 96 65 85 55 c jl _ 2~^ M 26*751 Total Pisburs aments 200 911 688 1,863 415 • 2 1+ 1 8 583 150 55q 57 i5 . 292 5 ,H 3 5,121 15,059 i 6~ 975 45 U 6,079 581 150 3,017 313 11,015 10,189 17 550 19,992 ,397 Total Receipts 129 20 5,386 10 73 90 E3DEKAL RESERVE BOARD, DIVISION OF REPORTS AND STATISTICS, AUGUST 7, _______ p ^5 tw j .563 St. 525 12,509 579 65 73 297 15,003 26,682 69 C O IF I DENT I A L Not for publication ' PERCENTAGE OF GOLD AND LAWFUL MONEY RESERVES AGAINST NET DEPOSITS, PERCENTAGE OF GOLD RESERVES AGAINST FEDERAL RESERVE NOTES IN ACTUAL CIRCULATION AND OF TOTAL RESERVES AGAINST CCKBINED FEDERAL RESERVE NOTE AND NET DEPOSIT LIABILITIES OF ALL ‘FEDERAL RESERVE BANKS. Ratio of gold and lawful money reserves to net deposits July 25-- Aug. 1 Ratio of gold reserves to F- R* notes in actual circulation July 2C,-- Aug. 1 Ratio.of total reserves to net deposit and F*R. note liabilities combined July 25-- Allr* 1 St. 521 August 1, I 919 . Ratio of gold reserves to F.R- notes in actual circulation after setting aside 35% against net deposit liabilities July 25-- Aue. 1 Boston 51+.7 54.6 4o .8 4o-0 . 46.3 45.7 53*6 52-3 Now York 51-6 56.2 42-3 4i.g 46-9 49.1 58-S 63-7 Phi lade lphia 4 4 .1 4o~4 4q -7 4o.s 4i-9 4 q -7 45.8 43.6 Cleveland 56 *6 5 5 .U 55-6 53*6 56 -0 54.3 69.7 66.1 Ri elmond 4g.2 5U .4 35*5 35-0 4o.o 4 i »5 42-8 U4.8 Atlanta 49,0 42,4 4 2.6 43.3 4 4,6 43,1 49.0 46.1 Chicago Ug .2 56-6 71.2 65.0 62.4 61-9 7 9 ‘3 78.0 S t . Louis 54.4 46-2 62.1 55,1 59-3 5 1 .s 73-2 61-7 Minneapolis 66-5 ^ 0.3 50-3 43.1 57-1 60^9 73*0 76.5 Kansas City 58*5 57.7 44 4 UU.6 5Q ^' 49*9 6 $‘.jf 60.2 Dallas 42-9 1+4,2 4q ,2 39*s 4 i.6 41.9 48.5 4 7.7 ..55.* 2 _.. 45.7 45-0 47-6 48.1 49.2 47,2 50-2 50-5 San Francisco .............. 5 1.7 TOTAL .... 51.1 55*1 * -* ■ i FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS AUGUST 7, 1919 . * Amended figures * . ...... ... ....... 53-1 .... 61,2 .53-7......... . 6 i.4 ‘ FEDERAL RESERVE BOARD X-164G GOLD S E T T L E M E N T FUND ______________ CONFITffTWTTAT, Summary of transactions for week ending August 7, 1919. (In thousands V XXI LQUUSc anas of oz dollars) ac.lj ars; CONFIDENTIAL Balance Aggregate Aggregate Settlements from August 1 to :Balanee in Federal last Gold Gold withdrawals deposits & TRAN!3 F E R S August 7,1919, both inclusive : fund at Re serve statement •.with de & transfers transfers Bank ci July>31, drawals posits to Agent* s from Debit Credit Net Total Total Net : business Fund Agent' s Fund — 1912. Debits Debits Credits Credits ;Aug* 7*1919 Be ston 44,019 4.000 7.000 "493 96^73 115,976 19,003: 52,515 New York 10,000 235,396 10,000 68.000 l42,C26 44l,s4s 299,022 : 170,570 Philadelphia 41,593 122 2.000 122 15,229 5.000 124 ,SIO 111,557 13,253: 42,739 Cleveland 504 2,000 * 31,052 2,000 5,504 8.000 35,463 10,625: 37,187 96 , OSS Richmond 25,106 3,000 3,000 33,000 3 30,000 3 144,332 7 , 060: 32,163 151,392 Atlanta 4 10,953 1,064 4 1,064 31,696 35,721 4 , 025 : 16,068 Chic&go 115 , 62s 5,520 335 335 43,390 32,725 149,270 179.690 30,420: 130 , 19s St. Louis 21 , i4o 422 5,000 422 5 *ooo 15.000 89,641 7,932: 23,650 97,573 26,202 Minneapolis 5,000 16.000 5,075 5,075 11,939 23,675 9,476: 31,752 33,151 Kansas City 25 149 35,771 149 6.000 25 56,046 69,211 13,165: 43,060 Dallas 6,132 6s 1 568 1 14,495 4s ,909 4,897 57,431 8 , 522: 4,489 San Francisco 38,041 10,500 2,500 19,500 4.114 2.000 2.000 3l,is4 50,529 19,345* 42,000 y jy 1j + *^ %v w Total 631,069 13,022 39,042 22,750 34,364 160,114 160,114 142,826. 1.310,594 1,310,594 142 ,8 2 67 626,391 F E D E R A L Federal Reserve Agent at Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total Balance last statement July 31 ...I3l_9_.... 45.000 90.000 66,859 95.000 27.000 38.000 240,105 55,931 17,800 27,360 3,684 75,022 781,791 RE S E R V E Withdrawals Gold Gold for trans with deposits fers . to drawals Bank 6,000 4.000 5,000 2.000 5.000 2,000 2,000 8,000 2,000 2,000 5,520 1,CC0 5.000 7,000 .. 1j _6i 4 ll,6l4 FUND Total with drawals 6.000 5.000 5.000 2.000 2.000 5.000 7.000 5.000 7,000 33,000 G E sr «• S' Deposits through transfers from Bank 5,000 2.000 500 1,000 6.614 44,614 ..9,000.... 26,020 Balance at close cf business Aueust 7. 1019 4.000 43.000 Total deposits 2.000 5,520 90.000 63,889 Summary of changes in ownership of gold by bank s through trans fers and settlements. Decrease 74,826 12,496 3.024 90.000 25.000 36.000 237,625 48,931 5.000 20,800 7.000 34,360500 3,184 9.000 _._I7j .4P8 33,020 770,197 Increase 2,625 4,o6o 4.025 2 , 06s 1,076 77,970 19,755 5,475 7,165 IQ --- ± -ti ____ 1
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