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7ZEEKLT REPORT SHOWING GOLD RECEIPTS AND DISBURSEMENTS OF EACH FEDERAL RESERVE BANK DURING WEEK ENDING FEBRUARY .20, 1919 CONFIDENTIAL. (Figures do not include gold received froa or paid to another Federal Reserve Bank.) Not for publication._________________________ (in thousands of dollars; i .e .. OOP Quitted.)______________ _______________________________ St.260 R E C E I P T S Received in exchange for F. R. notes Credits to deposit accounts Total All other Receipts From U.S. Frcsa nonFroa N.S. Meuber and nonU.S.Gov1t. ueiiber s Government merabers Total Member banks Total Gen*l.acct. Boston 1,294 22 22 1,272 77 1,195 New York 908 1+95 12 68 56 3^5 ^95 Philadelphia f t * 1,746 1 28 81 27 1J18 1,637 Cleveland 4i 86 1,231 352 127 395 709 357 Richmond 1,086 1,155 69 1,155 Atlanta 457 1,809 457 64 36 1,252 1,316 Chicago 2,890 2,442 2,848 4o6 25 17 17 St. Louis 1 770 58 707 5 58 Minneapoli s 1,160 42 562 556 53s 5 523 13. Kansas City 220 170 1 6 7 43 213 Dallas 316 234 69 13 13 69 San Francisco 44a ___&S&. J£ lL _S_ —J3-232-9. 1 4 ^. ________ 995_____ ____ 121_______ 133__________1*199. .1399________ 11*199_______ i*19I.9*llQ. D I S B U R S E M E N T S Debits to deposit accounts In Toucti : All other * : exchange : : di sbur sement s ; N.S. : Member and non- : : for : u. s. : Total :F.R-notes: Government : member banks — — 45 Boston 45 — New York 1,620 1,620 2,669 i,o4p 134 Philadelphia 139 5 5 — Cleveland 2,315 2,315 Ri chmond 521 521 — Atlanta 878 878 — — Chicago 563 .563 St. Louis i4o 4 274 . 169 27S 587 — Minneapolis — 629 2 627 — — • Kansas City 85 85 Dallas 100 132 151 32 19 _ San Francisco 11 _ 1Q2 __ 17 ... _113.. ... *5 Total for System l,4oo 1,746 8,695 5,158 2 ,137 391 P Excess recoipts Excess payments 3,s4 9 8,719 - 244 - 0,963 397 - 5v5n - Sui-inary of transactions for week Gold Balance with last statement drawals Feb .13, 13-9 Boston 39,757 - — New York 19,402 40, 507 25 Philadelphia 65,529 3, ‘ 'jijO Cleveland 16,290 Richmond 15,137 Atlanta 122,587 Chicago 30,129 274 St. Louis 24,158 Minneapoli s 31,514 — Kansas City 8,821 4 Dallas _ 23,118 San Francisco 3,303 Total ;;436,949 Federal Re serve Bank of - Federal Re serve F E D E R A L Balance : last : Gold s ta teL.on t : wi th- 4 2 ;e d c f ^ Boston 7 0 ,OCO New York 60,889 Philadelphia 95.000 Cleveland 48.000 Richmond 36,270 Atlanta 294,944 Chicago 67,931 St• Loui s 41,500 Minneapolis 46,360 Kansas City 5,184 Dallas 106,879 San Francisco — ■ff-[ 4 U 5 7 Total ' : S. E B J y , R F E D E R A L G O L D S E T T L E ME N T F U IT D Confidential. (In thousands of dollars.) ending February 20,. 1919 Settlements frou Feb. 1*+ to Aggregate : Aggregate Feb,J0 ,1919, both inclusive withdrawals ; deposits and T R A N S F E R S Gold and transfers transfers Total To tal Net fra~ Agent1s deposits to Agent1s Credits Debits Debits Credit Debit fund fund 106,429 96,967 18,000 10,260 1,195 1,000 1,195 317,139 357,494 40,355 63,500 _ 115,520 130, 571 15,000 15,051 1,025 1,762 1,762 97,202 86,516 20,000 — *2,821 3,000 2,821 60, 551 60,728 177 3,646 3,646 33,283 29,365 — 1,276 1,000 • 1,276 156,651 128,136 — 50,513 3 , 0C0 3, 88,572 88,485 — — 5,000 1,707 274 1,707 29,139 21,635 — 10,247 — 1,073 573 57,973 52,811 — — 270 — 270 19,161 33,016 13,855 15,000 1,158 4 1,158 36,058 31,959 9.448 . 448 1,117, 683 -1,117,683 69,438 103,760 103,760 27,356 6,303 17,856 — — - RES'ERVE A G E N T S ' FUND Deposits Wi tndrawals Total through for withtransfers transfers Gold - 0 ^ -f 1,000 1,000 . 5,000 1.000 1,000 1,000 4,000 1,500 2,500 2 ,0CC 500 9,000 1.000 28,500 3,000 500 9. m 9,000 19,000 9,500 Total deposits 3, OCO 1, 00c 3,000 9,462 - — 5 ,0C0 1,000 4,000 1,500 2,000 2,000 500 Net Credits - •3TTJC" Balance in fund at close of busine ss Feb.20 .1919 41,674 42,547 41,193 56,036 19,759 19,331 103,589 26,654 22,488 36,946 — — — : 889,457 3,918 28,515 92 7,504 5,162 11,120 4_ip99 69,438 36.665 458,002 gnr.mary of changes-in ownership of gold by banks through trans fers and settlements. Balance at close of business “ ¥0,000 70.000 56,889 95.000 4 8 ,OCO 36,270 290,944 66,431 39,000 44,360 4,684 97,879 10,686 Decrease — - ; ! ; 51 9,314 177 — : i : 21,998 4,908 2,743 — — : 39,191 Increase 1,722 23,145 - — 3,918 - 5,162 1,145 4,099 39,191 C-QJLJ. I D E N T I A L Not for publication Federal Re serve Bank Boston : Total : earnings : EARNINGS, EXPENSES, ANNUAL RATE OF NET EARNINGS TO PAID-IN CAPITAL, ALSO FISCAL AGENT DEPARTMENT DISBURSEMENTS AMD MOUNTS REIMBURSABLE FOR THE MONTH OF JANUARY, I 9 I9 . : Excess of : Current learnings over: Capital expenses : current : paid-in : expense s : Jan. 31 * * St.223 Dividend : requirements : J, per cent : per month : Dividend :and expense : require: ments 33,890 139,649 74.23 64,428 264,259 : Annual rate: : of net : Li sbur seiuent a : earnings on: of Fiscal Agt* : capital : Department : per cent : :Amount reimbursable :Jan-,31,1919 account :Fiscal Agent Dept. : di sbur seiaents 525,055 105,759 419,296 2 , SOd, 299 3 ^ 5,502 2,460,797 20, 754,000 103,770 449,272 142.26 417,774 3,252,759 Philadelphia 658,171 79,011 579,160 7 , 570,000 37,350 116,861 91.81 59,255 584, S79 Cleveland 579,072 93,863 485,209 9,088,000 45,44 o 139,303 64.07 100, 9S9 703,243 Richmond 335,481 50 , 214 335,267 4,060,000 20,300 70,514 99.09 77,131 266,056 Atlanta . 3^9,756 57,207 292,549 3,191,000 15,955 73,162 109.94 51,428 432,747 Chicago 823,055 136,033 687,022 11 , 231,000 192,183 73,41 253,93 s 972 ,537 73,798 208,253 3 , 801,000 19,005 92 ,803 65.75 75, l4l 422,419 37.50S 124,637 New York St. Louis 282,051 6,778,000 56,155 Minneapolis 204,303 33,423 170,880 2,936,000 i4f6so 4s, 103 69 .84 Kansas City 382,520 S 7 ,i n 295,409 3 , 660,000 13,300 105 ,4 11 96.86 57,016 345,316 Dallas 265,073 62,652 202,421 3 , 172,000 15,860 78,512 76.58 35,764 521,328 San Francisco 509.295 ... ...Z7.jl.595 M M o o ... 4,672.000 23.360 100.955 110.88 87.445 .... -....—..1,597,31S ij . £0 , 913,000 4o4, 565 1,606,733 97*41 1,317,817 9,487,528 72 , 439,000 362,195 S79,4 oo 551,818 2, 023, 03s TOTAL JAN.1919 7,770,131 TOTAL JAN.19IS 3,568,817 1 , 202, 16s 6 , 567,963 610,016 DIVISION OF REPORTS AND STATISTICS, FEDERALRESERVE BOARD : February 21, 19 3-9 2, 969,609 49.3 ' ■ Released for publication Sunday morning Feb* 2 3 , 1919 ? n ° t e a r l i e r . St .STATIMENT FOR THE PRESS. February 2 1 , 1919 * Saturday February 22 being a legal holiday, the Federal Reserve Board 1s weekly bank statement was issued the .day before as at close of busiress on Thursday. February 2 0 , .1919 • The statement indicates moderate net liq uidatio n of a ll classes oi b:-.] is, & substantial reduction in reserve deposits, and a slight decline in Federal Reserve note circulation* Gold reserves increased 5*7 m illions and total cash reserves - 6 * 2 m illions Holdings of, war paper, i * e » , b i l l s secured by U* S * . war ob ligations, snow a decline of 6*6 m illions,. 0 ther discounts a decrease of 11*9 m illio n s, and acceptances a decrease of 5 *^ m illions* On the other hand United Stat.es short term obligations on hand increased during the week by 5 *9 m illio n s, largely due'to purchasesof 2fo Treasury c e rtific ate s by the Boston and. New .York banks. • Government deposits show an increase for the week of 12 *7 m illio n s, whxle reserve deposits f e l l off 59^2 millions- Net deposits* because of trie re duced nfloat*1 show a smaller decrease of 13*9 m illions* A reduction 01 2-1 m illions is shomi in the volume of Federal Reserve notes in circulatio n. The ban ks1 reserve percentage, because of the decrease in note and deposit lia b i l i t i e s and the simultaneous increase, in reserves, shows a r is e from 5i*9 Released, for publication Sunday morning February 23, 1919; not earlier. . St.224a STATEMENT of COMBINED RESOURCES AND LIABILITIES OF TEE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS FEBRUARY 20, 1919.£ RE S OURCES February 20, I919 February l4, I9 I9 February 21, 1 9 ^ Gold coin and certificates $350,4-17, OCO $3^7,764,000 $44/,508; u Gl Gold Settlement Fund - F.R.Board 457,829,000 437,278,000 375,273,000 Gold with foreign agencies 5,829.000 5.829,000 ...52, 500,000 Total gold held by banks 814,135,000 790,271,000 875,281,000 Gold with Federal Reserve Agents 1,197,923,000 1,217,363,000 877,023,000 Gold Redemption Fund 112.923.000 111. 113,000 __ 20,091,000 Total gold reserves 2 ,1 2 5 ,04l, 000 2,119,347,000 1,772,395, COO Legal tender notes, silver, etc. 66,491.000 65.971,000 6.0,129,000 Total reserves 2 , 191,§32,000 2,185,312,000 1,832,524,000 Bills discounted: Secured by Gov*t-. war obligations 1,596,458,000 1,603,052,000 263,905,000 All other 221,996,000 233,249,000 • 245, 629,000 Bills bought in open market 269,920,000 275,068,000 296,170,000 Total bills on hand 2,088,374,000 2,111,969,000 805,704,000 IT’. S. Government long-term securities 28,095,000 22,101,000 52,950,000 U. S. Government short-tenn securities 147,123,000 l 4 l ,204,000 169,707,000 _________ 4 . 000 ___ _________ 4 , 000 3 ,436, 000 All other earning assets Total earning assets 2,263,596,000 2,281,278,000 1,031,797,000 Bank promises 8,969,000 8,967,000 Uncollected items and other deductions from gross deposits 633,206,000 701,465,000 310,565,000 5fo Redemption Fund against F. R. bank notes 6,809,000 6,842,000 537,000 All other resources _____8 .480,000 10.658.000 _______ 731 .000 TOTAL RESOURCES 5,113,192,000 5,194,522,000 3,176,454,000 L I A B I L I T I E S Capital paid-in 81,406,000 21,211,000 73,305,000 Surplus 22,732,000 22,732,000 1,134,000 Government deposits 205,675,000 192,970,000 56,165,000 Due to members — Reserve account 1,563,912,000 1,623,152,000 1,459,720,000 Deferred availability items 480,257,000 517,726,000 199,272,000 Other deposits including foreign government credits 114.752.000 112.273,000 58.329,000 Total gross deposits 2,364,602,000 2,446,127,000 1,773,492,000 F. R. notes in actual circulation 2,466,248,000 2,468,328,000 1,314,521,000 F. R. bank notes in circulation ^ net liability 133,465,000 132,291,000 7,999,000 A H other liabilities 44.733.000 43.773,000 . 5.943.000 TOTAL LIABILITIES 5,113,192,000 5,194,528,000 3,1 76 ,45 4,0 00 Ratio of total reserves to net deposit and F. R. note liabilities combined Ratio of gold reserves to F. R. notes in circulation after setting aside 35^ against net deposit liabilities 52*2fa 51*9f9 64-3$ 6} -Sfo 66 .0$ Released for p ub licatio n Sunday raorning February 23, 1919; not e a r l i e r . St. 224b WEEKLY STAi'EMWf OF RESOURCES AND LIABILITIES OF EACH OF THE FEDERAL PESER’E BANKS AT CLOSEOF BUSINESS FEBRUARY 20, I 9I9 . (In thousands of d o lla r s ,) R E S O U R C E S Boston New York p h ila . Clevel. Rician. A tlanta Chicago St.Lou is M inn. K an s.C y . Dallas San Fran. To tal Gold coin and c e r tific a te s 3,604 260,805 123 21,616 2,319 s,3C3 22,456 4,206 :s,3o5 -.1 12 5,956 3.2,614 350,417 Gold Settlement Fund - F*R* Beard. 4 i ,w 3 42,547 41,193 55,923 13 , 75 s 13,331 103,529 26,654 22,488 3 6 ^46 11,120 36,065 457,339 Gold with foreign agencies — — 408____ j .,0 1 1 . 4pg 525 204 175 Sl6 233 233 291 204 __ 321 5^222 Total gold held by teaks 45,687 305,363 41,724 78,064 22, 2S1 27,809 126,861 31,093 31,024 37,349 17,280 49,600 214,135 Gold wioh Federal Reserve Agents 51,156 257 , 793 71,497 130,432 4 9 ,1 6 5 41,398 296,815 69,442 55,313 47,785 20,021 107,111 l, 197,933 Gold Redemption Fund _ 2 ^ 0 Q 0 _ _ 1 5 .3 7 2 1.769 4 ,6 9 4 l3.Ji .95 4.803 26,340 4,147 4,6iq 6,63?. 1-723 4,124 112.923 Total gold reserves 110,338 533,156 128,593 210,315 76 ,i4o 74,010 450,016 io4~, 832 90,961 91,766 39,029 160,335 2 ,125,04 i Legal tender notes, silver, etc* __ 5,650 52.3Q J_ ___ 186__ 1,003____ 2_64_ _357___ 1,-215___ 2^ 2I 2_ 266 ..66,431 173. Total reserves 115.933 640/463 128,979 211,323 76,404 74,367 451,291 107,114 91,134 92,03 40,916 161,021 2 ,191,532 B ills ) Sec.by Gov't.war obligations 133,15s 707,364 177,360 95,522 24,477 60,197 154,870 45,24s 17,420 32,324 17,653 65,365 1 ,596,45s B isc t d )A ll other 7,331 46,917 12,16s 7,316 11,480 15,008 17,952 2,355 1,992 37,990 33,265 21 ,(22 221,996 B i l l s bought in open market Total b ills on hand 153,022 735,630 191,644 164,137 103, o42 8 3.i 85 206,071 71, -1,016 3 1 ,17s 52,712 130,027 2, 088,374 U , S- Gov 11» long- term securities 538 1,3 35 1,084 1,234 1,392 3/3 4,510 11s s,s6s 3 , 46s 23,035 1,153 3,967 U .S . Gcv?t » short- tern securities l l , 4i 6 52,727 11,230 il,34 o 6,364 16,612 5,375 7,56s 5,416 3,900 5,326 14^,123 9,199 A l l other earning assets 4 4 163,376 Total earning assets 243,799 204,303 176,621.103,651 90, 531 227,133 30,315 60,333 95,462 60,525 138,821 2,263,596 SOO 2,65s Bank premises 500 236 541 400 4oo 221 2,936 217 2,969 Uncollected items and other de 15 s, S44 70,351 52,342 47,322 30,,956 66,962 41,330 11,125 52,801 13,185 28,371 53,617 ductions from gross deposits 633,306 5$ Rode mpiion Fand against F*R* bank notes 510 1,851 52^ 2.28 S72 264 310 6s6 6,809 575 232 350 356 A l l other resources .2,2X6 . J D 5 333 4p6 l, 026 3-+0 8 430 90 __417. ^ .. 717. 439 62L TOTAL RESOURCES j>4l, 2^4 1 ,655,851 405,949 441,504 234.889 197 ,357 "750,280 230,521 162,94-6 241,798 120,934 329,909 5 ,113^192 L I A B I L I T I E S Capital paid-in 7,566 4,os4 6,773 20,925 2,948 3,320 9,209 3,196 11,300 8i , 4o6 679 3,194 3,712 S u m his 1,53 5 3,3 22 1,304 1,776 1,156 3,316 301 726 1,211 775 592 22,732 1 , 224 Government deposits 24,150 44,352 15,323 15,683 6,439 4,234 25 , 136 5,005 29,607 11,610 9,669 l4,4ll 205,675 Due to members - Reserve account 96,364 635,346 93,287 123,372 53,517 42,859 220,035 61,461 46,723 70,593 37,501 77, 349 1 , 563,912 Deferred av a ila b ility items 40,432 119,811 61,019 43,301 31,916 24,095 52,774 35,251 7,792 34,033 15,431 13, 902 480,257 A l l other deposits, including foreign government credits 130 -104,470 -.4.5.. 1,130 434 663... . ..7.25.. __23.9 9S lUs _ 12.5_„ 6,551 __ii4.U52 Total gross deposits 161,076 904,479 170,292 183,537 92,111 72,004 303,546 108,756 64,303 119 ,i4o 57,364 122,933 2,364,602 F»R* notes in actual circulatio n 158,190 666,35s 213,257 223,815 130,661 113,003 410,057 105,979 SS,8 I2 102,908 52,309 192,393 2, 466, 24s F-.R* bank notes in circulatio n net lia b ilit y 9,939 10,919 10, i44 3 6 ,3 0 5 5,055 6,979 17,432 6,720 4,925 12,525 6,051 6,301 133,465 A l l otl^er l i a b i l i t i e s 13,36? 1 ...8P? 1.445 .3.,p3.1 .J6.ll 2.973 4,629 1,394 1.424 -2.JI4. 1 . 166. ? .24? 44 TOTAL LIABILITIES 341,254 1 , 655,351 405,949 44 i , 5o4 234,889 197,357 750,230 230*521 162*946 241*733 120^934 325,909 5 , 113*192 186 Releasee1 for p u b lic a tio n Sunday morning February 23, S t .224c 1919; not e a r lie r . 3TATEE.®TT OF FEDERAL RESERVE AGENTS1 ACCOUNTS AT CLOSE CF BUSINESS FEBRUARY 20 , 1913 (In thousands of d o l l a r s .) Now York phi la* C level- Richm* Atlanta Chicago St. Louis Boston FEDERAL RESERVE NOTES: Received Iron Comptroller Returned to Comptroller C hargeable.to F-RcAgent In hands of F«,R* Agent .Issued co F-R* bank less amount returned to i\R., Agent for re demption COLLATERAL SECURITY FOR ODTSTi^DiNG NOTES: Gold coin and c e r tific a te s on hand Gold Redemption 5und Gold Settlement Fund - F-R*Board E lig ib le paper, minimum required To Lai San Fran M inn. Kans»Cy D allas Total =56,560 '1 , 526,630 330,*+20 327,840 204,820 204,^60 559,440 166,700 124,480 158,700 101,960 251,520 4 , 013,680 71,257 407,656 86,496 50,595 46, 601 32,656 74,210 37,564 23,056 34,629 24,740 26,685 916,175 125,303 23, 880 919,024 243^924 277,245 158,219 171,874435,230 129,136 101,424 124,071 152,000 18,500 30,215 22, 4o5 5 5 , 2S5 48,280 3,015 11,400 l 4 , 520 77,220 224,835 3,097,505 419,670 24,170 11,000 161,423 767,024 225,424 247,030 135,814 116,589 436,950 121,021 53,050 213,835 2, 677,835 173, 74c 14,053 23,270 12,212 J + 13, 0:2 2, 624 3,011 3, 2bb 3,425 1,165 5,871 95,000 48,000 36,270 290,944 66,431 39,000 44,360 116 J 54s 86,649 . 7U 91 140,135 51,679 14,706 61,766 4?4 ? 4y n^n HA lixA qrh 101 loi on noli 1AQ 11, 156 4o,, 0G0 no, 161. 42“> 70,000 M .S 1 , 7o7.024 138,022 795 , 6 8 0 1 5 7 , 0 7 2 1 6 3 , 409100,892 14,60s 56,889 2Pn 90,024 109,551 12,581 2,756 4,684 9,232 97,879 225,147 23,379 889,457 33,029 106.724 ^ 479,852 ^ nt;n ptcr ? A77 JBflCCKT OF ELIGIBLE FAPE3 V F , L i :m $ Z j T O & . AGENT 78 , 049206,071 66,467 49,824 81,178 52,718 112,624 2 , 022,006 90,u24 103, J')l l , 212 6,643 88', 812 102,908 53,050 213,835 2,677,835 741 21,442 211,587 vrr—24s ^p-79 52,309 192,393 2: T466, M 3 M G R A IT D A FEEERAL RESERVE NOTES OUTSTANDNG AMD IN ACTUAL CIRCULATION ]?. R. notes outstanding F-. R- notes held by bank 5\R.. notes in actual circulation 161,423 1b| , ^24 225,424 247,030 lj>2 , 3 l 4 116 , 5S9 436,950 121,121 __ 5 , 233 IJS, 190 100,166 12,367 18,215 5.153___ 3-580 26,893 12 ,142 666,858 213,257 228,315 130,661 113,009 410,057 108,979 DISTRIBUTION OF BILLS, U„ S. G0VER13/ENT SHORT-TERM SECURITIES AND WARRANTS BY MATURITIES. W ithin 15 days B il l s discounted B i l l s bought in open market U * S *G-overnmenu shor t-»term sec u r i ti es !/runicipal warrants 1 , 451,139 SI, 325 12,563 16 to 30 days 56,820 66,05 1 130 31 to 60 days 6 l to 90 days Over 90 days 95,§61 191 , 53 s 22,996 98,850 - 23,034 - 350 134,080 Total 1,318,454 269,920 147,123 1 I T 7 Releasod for publication Monday meraing Feb » 2k, 1S19-' net -earlier. St* 226 coN iircoi? o:f F c b . - v . ‘ 5-.'1 < Aggregate increases of over 2JS million-; in the holding* oi certificates, largely the result of the issue of the firth eata: ry ' series of these certificates, only partially offset by redactions of ab-,,r.;i l 6 millions in the amount of U* S » bonds end of 28 millions in the amour..I. of war paper held are indicated by the Federal Reserve Board* s weekly state ment showing condition on February lU of TJO member banks in about 100 leading cities. Member banks in New York City report an aggregate increase in Treasury certificate holdings of 122<5 millions, while for the member banks in all the 12 Federal Reserve cities an increase in these holdings of 191«9 millions is shown* Combined holdings of U» S. war securities and paper supported, by such securities (so-called war paper) were 3 >635*3 millions - .an increase for the week of 233*9 millions* and constituted 26 per cent of the tote-! loans and investments of the reporting banks, as against 24-<9 per cent the week before. For the member banks in the 12 Federal Reserve cities a rise in this ratio from 26. »3 to 27 *4 per cent is shown, and for the New York City banks a rise from 2^>k to 30 »6 per cent. Government deposits show an increase fox- the week of 62.5 millions, the banks outside the Federal Reserve bank and branch cities showing^principal gains 1 Demand deposits went up 120,1 millions, and time deposits ~ $ ,k millions. Seserve balances with the Federal Reserve banks increased 29,6 millions, vshile cash in vault went up 7 '3 millions. Released for publication Monday morning February 2^, 1919 STATEMENT SHOWING PRINCIPAL FJ2DURCE ABD LIABILITY ITEMS OF MEMBER BANKS IN LEADING CITIES, INCLUDING MEMBER BANKS LOCATED IN FEDERAL RESERVE BANK QTIES AND IN EE1RAL RESERVE BRANCH CITIES, AS AT CLOSE OE BUSINESS FEBRUARY lU, 1919 . St.226a 1. Data for all reporting banks in each district.______ (In thousands of dollars.) >T .. , . Boston. New York . phila, Clsvel. Rxcim- Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Eran. Total No. reporting banks ^5 106 56 90 82 k~J 101 36 35 76 HU 52 770 U.S.bonds to secure circulation 14»ttQ2 4-6,.201 11 1+97 In nh ic oCc 1r c"-c tc r^-» r -\,rr ~ 1 -v'-z m Othar U. S- bonds including f ^ A ’ j3? 15’ 265 16,907 6,466 1 3 ,7 8 0 .1 7 ,9 2 9 3^,505 .2 0 3 ,1 1 1 l - ’S S § * §3 “ 1 >J->7>692§ 169§, 5ss 1 266,829 134 , 91 s 10^,679 85,109 624,873 147,033 94,880 39 U55 18 205 Tot u. s. s Loans secured by U.S-bonds,etc. All other loans and investments Reserve balances with F.R. bank Cash in vault 7 5 3 , ^ 3,962,778 620,808 969,792 370^261 2^5*561 71 659 629 340 6 ? ?89 91 ^7 ? V m n 22* S4q 1*2 08?' I “ K g ? g w oslts a r . c .“ bo = r t i f S L Of indebtedness tll” t i r l L s. 3 # 1 g:g£ 1 35>9S3 35’9S3 Z W ,2 K 2lt6' 55lJ 765,179 642,664 119,871 105, ^ ' 0 7 6“ ’3'*1 It U’ iS-S-a 99, * 0 ^ 55* 31,516 39“ . **91 « $ ? lS° 63’761* 31*1' 295 30.6 29.K 19.g 3S1 ; p 157:960 u g : ^ 1 9, p : $ Feb l4____ Fpb 7 » F.E.branch cities reporting banks Feb. 14— -Feb-7 99,663 108, 522 5». 729 399.725 201,473 127,238 4m 262,627 572,622 W 125,020 103 .651 ?70-188 " Bj ,h 1' C' ' A19 517,79^ Aufuoo,oys 50,339 1,25^,728 W 22* ^ 6XT>995 1K7 358 X5‘ ^ ' P 7 l37' ^ 5 s o liw 77i- 6^ ^ l 63-75? 6 '? ° f '6°5 19 ,7 f '* * ■ l 210 ogi i niQ 096 3- and war paper to total loans and ^ftvestaents, per cent 39*211 ' 4 U l t and in- -t J , <ir l? ' 2S} 1R7 35S 01 Eelerw8tolances with f . e . -5’ 577’ 771 3,570,079 81*7,756 812,181 6 , 6U5, >*3 6,602,781 f f d 1" T f 85 326 * :< % Ik ™ i M M 52 . io4 79 195 55 U76 160 U96 2,728,4q6 2 4 i l l 10 ^ 7 11 000 aGA? ? n & ? 11 69 966 1 372 965 38o’ o2G 2-»°’ 55^ 435*609 17o’ ll9 lo’ o6s’ 695 JJ including L0i s " ; L r d “ $ ’a . ? ■ ?■ ::: _ ,ffew York Chicago All F.R.bank cities • Eeb-IM Feb.7 Feb. 14-- Feb.7 Feb.lU-- Feb.7 63 65 44 kk 255 25S No. reporting banks U.S. bonds to secure cir- O tS ^o n d s 63j: # : P 305,441 »100,565 ^ .3 Total Fe u-1^— — Feb. 7 770 770 108,622 ^729 263, 111 263, 2 lU 210 , 31+0 129,01*3 723,202 739,108 ~oU tco 220,507 539,^69 $ * ;& l, 7 ^ 2,093 i> 63,955 2 , 728 , 1+06 2,466,277 123 , 576 1 , 169,966 K *,589 1,19S, 353 1,505,01(7 1 , 1*93,263 1,918,225 1,^9,967 10, 068,695 10,006,011 ia 's t a ^ 'I f s 399 1,233 877 l . 6® : « » 1,6®,’^ « ^ .3 9,906% 1 1 : ^ 1 b ° 6l ^ ^ 21J ^ ^_g C OF F ! DEN T I A L Hot for publication. PERCENTAGES OF GOLD AND LAtTFUL MONEY RESERVES AGAINST NET DEPOSITS, PERCENTAGES OF GOLD RESERVES AGAINST FEDERAL RESERVE NOTES IN ACTUAL CIRCULATION JND OF TOTAL'RESERVES ilGAINST COMBINED FEDERAL RESERVE NOTE AND NET DEPOSIT LIABILITIES OF ALL FEDERAL RESERVE BANKS. Ratio of gold and lawful money reserve to net deposits Feb.lU— Feb-20 Ratio of gold reserves to F-R♦ notes in actual circulation Feb.lU-- Feb -20 Ratio of total reserves to net deposit and F. R. note liabilities combined Feb. lU-Feb. 20 St.229 February 20, I 919 Ratio of gold reserves to F»R.notes in actual circulation after setting aside 35 $ against net deposit liabilities Feb.lU-— Fab.20 Boston UU.2 U7 .8 U0.9 U0.9 U2.3 ^3.7 *+7-7 U9.5 New York UU.O Us.o U2.7 k z .k U3 .U 1+5.3 53-0 56.9 U2.3 Uo.6 U0.7 Ul.5 U1.2 UU.7 UU.2 Philadelphia U3 .U Cleveland 50 .1+ 58.0 57*1 57 . s 58.0 57-9 71.4 71.5 Richmond 50.7 51.0 U3 .U U1.2 U5.3 U3.7 Ug .8 U6.6 Atlanta 60*1 69 .s Ul.U U0.9 U6.5 Us.6 50.9 53 '5 Chicago 0I.5 5U .2 79*0 78 ,S 72.6 69 *8 9U .3 s 9'9 St* Louis 56-9 U9 .S 67.7 67-7 63.7 60.9 8O.3 76.8 Minneapoli s 66 -7 58.7 67 .u S i .5 67.2 6U .2 SU.l S I.7 Ransas City 50.7 56.7 52.7 52.9 51.9 5U.U 62.5 66.9 Dallas 39-9 Us.9 U2.7 Ui.6 U1.5 UU.7 U6-U 52.0 52.6 63-3. 57 -S 56-2 56 .1 65 .u 66.5 50.9 5 3 .8 53-2 51.9 52.2 63 .s 6U .-3 San Francisco _____ Total U9.1 DIVISION OF REPORTS AND STATISTICS FEDERAL RESSRVEBOARD February 25, 1919 C O N F I D E N T I A L Not for publication RATIO OF "FLOAT" OF EACH FEDERAL RESERVE BANK TO IMMEDIATELY AVAILABLE DEPOSITS. (In thousands of dollars.) Federal Re serve Bank "FLOAT" "Float" after adding net debit : Deferred : : Ratio to : or deducting net credit in Uncollected: : aval labi li ty: .Amount : immediately: Saturday’ s settlement : items : items : available : : Ratio to immediately* : deposits : Amount available deposits February 20, 1919' : "Float" after deducting National and F.R. zBank notes, also net investment in trans: fers* from second calculation : Ratio to immediately avail: able deposits : Amount 53,617 40,432 13,185 10.9 I0, 4s4 fc,7 10,313 8.5 15^, 207 119,811 34,396 4.4 41,998 5.4 29,220 3-7 Philadelphia 70,851 61,019 9,832 9.0 10,288 9.4 10,43 s 9.6 Cleveland 52,342 43,801 8,541 5*9 4,710 3.3 3,811 2-6 Richmond 47,922 31,916 16,006 26.6 15,797 26.2 15,74s 26.2 Atlanta 30,956 24,095 6,861 14-3 11,891 24.8 10,546 22.0 Chicago 66,962 52,774 l 4 ,188 5-7 4,965 2.0 4,602 1.8 St. Louis 4 i ,S30 35,251 6,579 9.0 5,274 7.2 4,719 6.4 Minneapolis 11,125 7,792 3,333 5-9 3,151 5.6 1,852 3*3 Kansas City 52,801 34,033 18,768 22.1 17,479 20.5 6,753 •7*9 Dallas 18,185 15,431 2,754 6.6 6,3S3 15-2 2,824 6.7 San Francisco 28.371 13 , 902 . . i 4 ,469 .....13*3 16 r492 15.1 12.408 11.4 148,912 7.9 113,234 6.0 Boston New York Total 629, 169 4so ,257 DIVISION OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD February 25, 1919 i4s, 912 7-9 / St .230 COMPOSITION OF ulTCOLLECTED ITELIS AND IEFERHED' AVAILASILITT ITEMS. C O N F I D E N T I A L * T'Tr> r Bank February 2*4, 1919 (In thousands of dollars.) rr ^ + ’.n n n . UNCOLLECTED ITEMS ; Checks National Bank: notes and : : and bank notes of: Transfers All other : Clearing : other uncollected: 0 ther : bought : cash house ite^s : F. R* Banks : Exchange s : items DEFERRED AVAILABILITY ITELIS Total <y Gold : Transfers Government: Other : transit : transit : sold Settlement: iteuis : itsus : Suspense : ...... .. Total h y06O 17 171 - 43,769 53,617 14,632 - - 25,750 40,432 New York 15,157 3,4-99 12,773 - 117,773 154,207 49,722 - - 70,039 119,311 Philadelphia 10,002 4,64l - - 56,203 70,351 20,319 150 3 , 56s 36,932 61,019 Cleveland 5,723 3 744 155 45,712 52,342 12,4o6 - 1,105 30,290 43,301 Ricmond 2,753 30 49 - 45,040 47,922 3, 316 - 3 23,092 31,916 At -i.an.ta 2.9S5 70 1,3^5 ** 26,556 30,956 3,671. - 2,133 13,241 24,095 Chicago 3,196 - 423 215 63,123 66,962 19,567 275 - 32,932 52,77^ St*' Louis 2,162 452 820 35 33,311 4i, 330 15, 565 350 692 13,644 35,251 Minneapolis i,3S9 7 56 1,243 8,430 U , 125 2,279 - ic4 5,409 7,792 Kansas City f41 942 105 10,621 40,392 52,301 9,137 - - 24,346 3M 33 Dallas 516 93 1,310 2,264' 14,002 13, 155 6,113 3,960 15.^31 33 202 3.334 22. 545 23.371 4.424 S,^7l 13.902 14,347 13,003 13,467 526,366 629,169 171,751 299,706 430,257 Boston San Francisco _____1,702 l_i-To tal 50,936 DIVISION OF REPORTS AND STATISTICS, FEDERAL RESERVEBOARD, February 25, 1919 : 15 3'45 2 ............ 5..___ 792 3,003 F ED E R A L RESERVE B 0 A R D GOLD SETTLEMENT TTOTD Fsb. 27.j . 1919 . Aggregate Aggregate Gold Gold Balance Fe deral withdrawals deposits and T R A N S F E R S with deposits and transfers transfers last Reserve drawals Bank of statement to Agent's from Agent' s Feb.20,1919 fund fund Debit Credit 1,C00 10,000 5,C41 1 OCO 41,674 Boston 42,547 New York 50,131 41,193 1,000 Philadelphia 181 181 15,000 394 56,336 3, OCO 3,000 394 Cleveland 7, 0^0 149 19;759 149 Richmond (J J 19,331 45 45 Atlanta 350 3,720 103,589 3 50 32,631 Chicago 26,654 313 1,000 313 1,000 5,000 St Loui s 50 22,488 50 5,000 Minneapolis 2,570 36,946 2.57C 10,041 Kansas City 11,120 136 35 136 35 7,500 Dallas 10,000 San Franciscc 36,665 458,002 Total 3,449 5,774 8,169 5, 774 79,672 79,672 J W * V O. ~ « ... r*-- ~ - - - - , - - - — - - - - - - - - - - - - - - - - - - Balance last Federal statement Reserve Agent at Fab.20,1919 40,000 Boston 70,000 New York 56,889 Philadelphia 95,000 Cleveland 48,000 Ri chmond 36,270 Atlanta 290,944 Chicago 66,431 St. Louis 39, COO Minneapolis 44,360 Kansas City 4,684 Dallas San Francisco 97,879 To tal : 889,457 - EEIERAL RESERVE AGENTS' TTJND Gold \7ithdrawals with Gold for drawal s deposi ts transfers to bank: 2,000 2,000 1 JUov SCO • 5,000 • 10,500 - - - Deposits through transfers from bank 1,000 3, 720 4,720 - X-1396 2C U .1 U . O U i v X w JL JL O b i. O U V m A U V i i W i W - * * Total Debits ■ ” YC7‘9T9 47,695 281,722 102,924 9,405 66,158 48,924 . 3,289' 28,060 719 108,391 72,871 14,353 43,230 25,897 9,340 32,935 4,545 Total Credits " 80,607 234,027 93,519 80,491 45,635 . 27,341 141,881 75,015 19,864 53,107 16,557 28,390 896,434 896,434 Net Debits - - - - - - 74,993 2,000 1,000 500 5,000 1,000 *3,720 - 10,500 4,720 883,677 Total deposits J > Balance at close of business Fsb.27,1919 40,000 70,000 57,889 9 5,000 46,000 36,270 292,664 65,431 39,000 44,360 4,184 92,879 Total with drawals 2,000 « Settlements from Feb, 21 to Feb.27 1919, both inclusive Balance in fund, at close of Net business Credits Fsb.27,1919 4 T^TSS ...... 9,638 44,983 45,969 60,763 14,333 18,619 18,657 33,490 101,078 2,144 24,485 5,511 23,049 9,877 39,352 9,179 22,120 - - - - - - 74,993 455,607 -O'" — V— of gold by ban!is through trans fers and settleie n t s. Decrease 1,289 7192,856 164 1,840 14,545 21,413 Increase 4,679 2,436 5,595 7,333 - 859 511 21,413 T7ESKLY REPORT SHOWING GOLD RECEIPTS AND DISBURSEMENTS OF EACH FEDERAL RESERVE BANK DURING THE WEEK ENDING FEBRUARY §8 , I919 CONFITSTNTIAL (Si.gores do not include gold received from or paid to another Federal Reserve Bank.) •• st.26l Not for publication.______________________________ (In thousands of dollars; i .e ., 000 emitted.)________ _____________________________________ _ R E C E I P T S Received in exchange f or F« R« notes : Credits to deposit accounts From U . S. : From : From non- : : members : Government : ■ • members Boston Few York Plrl lade Iphia Cleve land Hi chmond Atlanta Chicago St* Louis Minneapolis Kansas City Dallas San Francisco Total for System _________ - U 1U1 - . 3^3 - 22S - 39 129 20 23 96 22 50 ' 1 3 ‘ 21 9 l '3 _ IB 252 21 — . q 3TS _________ __ _ __ „ . - Boston Hew York Philadelphia Cleveland Ricimond Atlanta Chicago St- Louis Minneapolis Kansas City Dallas San Francisco Total for System Excess receipts Excess payments • Total 129 59 27 237 3>3 . 72 22 2U0 22 3 1+7 1,201 : U.S..Gov11 ' : Member and non- : : Gen1l.acct: member banks : 13 — — — — 13 27 725 310 3^6 97 95 1,016 73 72 97 56 278 3,252 Total ’^ i»7io 396 Total receipts N* S. 27 725 H25 310 359 97 95 1,016 73 72 97 56 27 s 3,265 D I S B U R S E M E N T S : In Debits to deposit accounts : exchange : for U. S. : Member and non ; :F.R. notes:: Government : member banks : Total lUS — 1 , 726. 1,726 — — — 601 — 521 • — 70S — — 397 so 323 323 332 — — 12U 86 60 1U6 — — 288 288 2 07 2,^83 U 09 2,911 , b 1 , 17s : All other 782 - 216 1,209 337 ' 5U 15 — 2 3^ 650 97 ^53 1,088 9,5 31 U 119 93 1 326 531 ^,997 Total : All other : * : di sour sement s N. S. 67'4 221 75 - bo 53 17 — 95 290 l,bS5 1U3 2 ,UOO 221 676 521 70 S '437 U56 3 U9 12U 2U1 57s 6,259 - 93^ 1,862 c o i m m j 'rju.L. Not. for publication g o l d r l c e i p i s m l Ditsim sm iN T s o f f e d e r a l r e s e r v e b a n k s DURING THE FOUR WEEKLY PERIODS ENDING- ON FRIDAYS, FEBRUARY 7 TO 28, (In thousands of do llars; i . e . , 000 om itted.) FEBRUARY 7 R E C E I P T S ' In exchange for F» R . notes: FrcLi U. S. Government Froui nenber banks From non-iuerat-er banks 1 1 1 ' i,Uoi 25S 215 . ' 1 ,S 7 ^ Total Credit to deposit accounts: U . S» Govern'aent Member and non-member banks Total AH other,N . S. TOTAL RECEIPTS TOTAL ' TOTAL SINCE 'DEC. 27, 1918 1 571 378 i M 299 ......... 125 995 193 252 1.8^9 1,309 1,201 121 U,392 1 ' . > 1,056 785 6,233 1 > > 2 S ,5 90 ' 33^ 26 t 3,^17 1 .U 19 r ' 18,U39 ' 31,278 1 S, 89^ ..... 3,796 9,110 1.990 13 3,252 12.919 ' 3,881 12,690 11,100 3 , 265 30,936 ' ^9,717 ' 992 1,912 1,797 531 5,232 ' 9 ,^ 5 ' 6,7^7 lU, 206 **,997 1+2 , Uoi r 92,588 Debits to deposit eiccounts: 1 U . S. Government 1 Member and non-member banks ' Exccss receipts Excess pajnaents 1 3 , 881 ' TOTAL DISBURSEf.iENTS ' 28 I ' In exchange for F . R . notes S. FEBRUARY 20 1 ' A ll other, N. FEBRUARY 1 D I S B U R S E M E N T S ■Total FEBRUARY lU 191$. 16, 1*51 • 1 5,502 2,606 5,158 2,911 16,177 • 28,519 * 2^U 1,219 372 1.630 1 , /^6 ^ 1^63 2,052 ' >,-695 * ic, 66o 1 1 18,017 3,913 2.07U ' ' i,Ui 6 6.719 • » iU,Uo9 2,137 2,Uo3 ' s, 135 > .18, OSU 62U i,Uoo i,U65 7,18U ■ 13 , 25s 5,282 8,695 6,859 ’ 31,^96 ' .59,861 11,169 5,511 10,905 1,862 ' 32,727 ' 391 '409 3,675
@FedFRASER