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s t 4S5 STAEXENT FOE THE PRESS. Released, f o r p u b l i c a t i o n Sunday morning, F e d e r a l Reserve Board. J u l y 13, 1515; n o t o a r l i o r . J u l y 12, I g l ^ . CONDITION OF INDERAL RESERVE B.'JTTCS Fu.rthor i n c r e a s e s i n t h e h o l d i n g s of war p a p e r and a c c e p t a n c e s and. c o r responding i n c r e a s e s i n not d e p o s i t s are i n d i c a t e d i n the F e d e r a l Reserve Board's weekly bank s t a t e m e n t i s s u e d a s a t c l o s e of b u s i n e s s on J u l y 11, 1$1S« Met g o l d w i t h d r a w a l s d u r i n g the week a g g r e g a t e d 1 J . 1 m i l l i o n s , w h i l e gold w i t h d r a w a l s s i n c e June 6, t h e F r i d a y p r e c e d i n g t h e r e m o v a l of the g o l d embargo, t o t a l e d a b o u t 20 m i l l i o n s . The F e d e r a l Reserve n o t e c i r c u l a t i o n shows a d e c l i n e f o r t n e wevk of 14*2 m i l l i o n s a s a g a i n s t an i n c r e a s e of 52-3 m i l l i o n s i n war p a p e r and of 2 5 . 4 m i l l i o n s i n a c c e p t a n c e s . The banks show a d e c l i n e of a b o u t 11 m i l l i o n s i n o t h e r d i s c o u n t s on hand, w h i l e T r e a s u r y c e r t i f i c a t e h o l d i n g s show a f u r t h e r a d d i t i o n of 6 m i l l i o n s . T o t a l e a r n i n g a s s e t s went up 7616 m i l l i o n s and f o r the f i r s t time a r e i n e x c e s s of 2-g M l l i o n s . The amount of war p a p e r h e l d u n d e r r e d i s c o u n t f o r o t h e r F e d e r a l Reserve b.jiks shows a s l i g h t d e c l i n e to 06.3 m i l l i o n s , w h i l e t h e h o l d i n g s of a c c e p t a n c e s p u r c h a s e d from o t h e r F e d e r a l Reserve b r n k s d e c l i n e d by 5»7 m i l l i o n s . . Government d e p o s i t s a r e shown l4«3 m i l l i o n s and members 1 r e s e r v e , d e p o s i t s — 3 5 . 7 m i l l i o n s l a r g e r t h a n t h e week b e f o r e , w h i l e t h e " f l o a t ' * c a r r i c d I37 t h e r e s e r v e banks i s 30<3 m i l l i o n s l e s s . credits, Other d e p o s i t s , i n c l u d i n g f o r e i g n government d e c l i n e d a b o u t l 4 m i l l i o n s , w i t h t h e r e s u l t t h a t n e t d e p o s i t s work o u t 70*4 m i l l i o n s i n e x c e s s of the p r e v i o u s w e e k ' s t o t a l . T o t a l c a s h r e s e r v e s show a d e c l i n e f o r t h e week of l $ . l m i l l i o n s . reserve r a t i o , l a r g e l y b e c a u s e of t h e c o n s i d e r a b l e i n c r e a s e i n d e p o s i t l i a b i l i t i e s , shows a d e c l i n e from $ 0 , 8 t o 4^-S p e r c e n t * The b a n k s ' 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 J u l y 1 ) , 191$; n o t ^ a r l i - . r , STATR/IENT OF C0MBII3ED RESOURCES # D LIABILITIES OF THE TRELV FT'EERAL ARC::RVZ BANKS /, T CLOSE OF BUS1 R : S 0 U R CE S J u l y l i , 1919 J u l y 3Cola coin ana c e r t i f i c a t e s 279,545,000 $232,0:1+3,000 G-o ID. S - V 11 - HI JI 11 i nil cL F * -R * i3 o nr cl 55^^12,000 564,290,000 Gold, w i t h f o r e i g n a g e n c i e s T o t a l g o l d h ^ l d b y breaks "3^,357,000 5477233,000 Gold w i t h B ^ d - r a l R , s e r v , A g - n t s 1,163 ,062,000 1,155,270,000 Gold R j d ^ m p t i o n Fund ii4.iqq.00o 126.49^.000 Total gpld r . s e r v ; s ?2 , 1 1 1 , 5 2 4 , 0 0 0 L ^ g a l t ,nd r n o t . s , s i l v r , , t c . -65 ,00.0 Total r.s^rves ,130 ,211 ,000 1, 654,946', coo Bills d i s c o u n t . d < S ^ u r : t b y G0V,t-W-'r obligations 1,632,639,000 (All oth;r 251,367,000 252,3^9,000 B i l l s b o u g h t i n open m a r k e t :0 , 0 3 5 , 0 0 0 330,679,000 T o t a l b i l l s on h a n d 2,296,343,000 U« S* Government b o n d s 27,131,000 U , s+ V i c t o r y % o t . s 374,000 U* S* C e r t i f i c a t e s of i n d e b t e d n e s s 206,054,000 &11 o t h e r e a r n i n g a s s e t s Total Earning a s s e t s -9,9 °7,00C Bank p r e m i s e s ' 11,699,000 U n c o l l e c t e d i t . 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 740 ,994 , o x 5 ^ R e d e m p t i o n f u n d a g a i n s t F#R. b a n k n o t ^ s 10,052,000 All other r-sources # 10 , 3 3 4 , 0 0 0 TOTJJL RESOURCES 5,433,197,000 L I A B I L I T I E S Capital paid-in 22,551,000 Surplus $1,037,000 Government d e p o s i t s 151 , 1 9 0 , 0 0 0 136,323,000 pu':: t o members - R j s ^ r v . a c c o u n t 1,726,323,000 1,637,603,000 Deferred aveAlability it^ms 591 , 2 3 0 , 0 0 0 561,396,000 O t h . r d e p o s i t s , i n c l u d i n g f o r e i g n gov^rnni^nt c r e d i t s 114,675,000 • - - 1 2 3 , 693 ,000 Total gross deposits 2,583 ,427,000 F , R, n o t ^ s i n a c t u a l c i r c u l a t i o n 2,553,127,000 F . R* b a n k n o t ^ 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 154,806,000 All oth^r l i a b i l i t i e s 12,850,000 TOTAL LIABILITIES 5 > 5 3 , 1 9 7,000 R a t i o of t o t a l r e s e r v e s t o n ^ t d e p o s i t a n d F+ R, n o t e 49 -s e l i a b i l i t i e s combined R a t i o of g o l d r e s e r v e s t o f # notas in circulation 50 .5 a f t e r s e t t i n g aside 35^ a g a i n s t net deposit l i a b i l i t i e s In: i.ua.N one : S S JULY 1 1 , 1919 ::: ,12-: ,3,46,000 ... . . . . , 0 0 0 . 2,195,353 ,000 :2,225,707,00c 27,130,000 St ,433a J u l y 12 1 9 l o . 22,735,000 524 2 2 5 , 0 0 0 15 5 2 9 , 0 0 0 562 492 ,000 963 i47,OCC 34 413 .oc-c 1^960 0 5 2 , 0 0 0 —55. <2,000 2,015 954,000 60 b -99,oco 553 233 ,000 2 1 5 464, coo L , 3 7 -5 3 % ,000 40 273,000 377,000 2 CO t CC3 , 0 0 0 ; 2 , 4 5 3 ,2£c , 000 11,oC4 ,000. : 742,527,000 • 0 , 9 5 b ,000 -- JOjJOo^OOO 5,423,105,000 02,011,000 31 ,037,000 2,514,530,000 2,552,345,000 151 , 5 7 0 , 0 0 0 .. 1 0 . 7 6 2 COO 5,-423,103,000 50 -3 •61.7 fo 3 1 923,000 _J g j ^ j j I745C ol4 .000 b4c 4 1 0 , 0 0 0 735,000 979 ,000 4 , 1 1 7 ]22,000 76 1 I05 1,435 477 —1^7 <1,194 324 oco 134 000 000 coo 526 000 K0Q 000 074 OCO 1 , 5 1 3 425 coo 10 SCO 000 21 9oR 000 4 , 1 1 7 pc ,000 59 -9- $ 81 R o l ^ a s J d f o r p u b l i c a t i o n Sunday m o r a i n e J u l y 1919; n o t c a r l i u r . RA^KLY STATEMENT OF RESOURCES AND L I A B I L I T I E S OF THE FEDERAL RESERVE B ; M S AT CLOSE OF BUSINESS JULY 1 1 , 1 9 1 9 R E S O U R C E S ( i n t h o u s a n d s of d o l l a r s , ) B o s t o n iJw-w y o r k p h i l a . C U v - 1 . R i c l m , A t l a n t a C h i c a g o , S t - L o u i s I,linn, Kans-Cy-. D a l l a s Gold c o i n and c e r t i f i c a t e \ o o i 176,255 ^72 24,455 2,052 5,0)5 2J,4o6 3,535 3,395 99 7,909 Gold s e t t l e m e n t Fund - R.R.Board 52,093 124,34) 44,315 6L,4GI 26,43] 19, 523 1 0 4 , 1 3 9 2 6 , 7 2 0 3 0,225 36,775 10,3S5 T o t a l g o l d h e l d "by b a n k s 5b,094 300,6)1 44,790 55,94b 2b,45 5 27,555 127,54 5 30,255 35,620 5b,574 15,294 G o l d WITH FEDERAL RESORVC AGENTS 55,l6o 2SG,5o9 7 0 , 7 2 5 129,12B 31,472 45,793 265,305 62,259 35,351 32,517 17,271 GOLD REDEMPTION FUND is,552 2%,329 11,933 1,233 5,635 _ 5,475 26,935 3,363 4,917 5,363 1,946 Total gold r j s e r v e s 130,114 615,3^9 127,445 21B,305 5 ^ 5 9 2 7 9 , 1?9 4 2 2 J 5 O 75,555 78,054 37,511 I,JGAL T^ND^R NOT-S, SILVER, VTC. O,2O2 51,579 365 574 495 L,533 764 3 >561 77 296 1,906 TOT. 1 RESERVES 136,396 667,225 127,513 217,179 66,057 5 0 , 7 1 2 4 2 3 , 5 5 2 99,433 75,965 72,350 39,41? B i l l s discount jd: 67,990 155,205 4 ? , ? 1 1 34,012 3 3 , 6O4 3 4 , 7 7 4 s e c u r e d BY G o v e r n m e n t WAR 135>, 677 7 4 2 , 9 0 1 173 , 6 9 7 1 0 4 , 4 ? 3 7 3 , 1 2 1 o b l i g a t i o n s (a) All 7,545 62,342 15,679 5,443 14,347 13,547 32^32310,430 4,223 46,994 22,422 B I L L S BOUGHT IN OPEN MARKET ( B ) 22.720 119,363 631 44.025 6,957 6J26 50.557 5/173 22.473 2 701 T o t a l b i l l s on h a n d 107942 9 2 4 , o O b IMO,CO,' l $ b , 9 4 1 9 4 , 9 5 5 5 5 ^ 2 6 3 2 / 1 , ^ 1 5 67", 1 7 4 " b O J O S 35,WO 57,957 U-S- Gov.rar.ont bonds , 5^0 1,301 1,355 1,053 1,234 376 4,4?? 1,153 116 5,56? 3,966 U» S - VICTORY NOTUS — 23 50 1 ? . 255 U - 3 . C E R T I F I C A T E S OF INDEBTEDNESS _ l 6 , 9 i 6 59,020 23,345 19,313 6,s6o 10,575 2 5 , 6 1 2 17,O63 6,919 7,396 5,900 Total earning assets 1*6,425 977 2 1 5 , 2 3 5 177,337 1 0 3 , 0 4 9 99,"221 3 0 1 , 5 0 4 5 5 , 3 9 5 5 5 , 0 3 1 101,563 6?,523 B a n k PREMISES 500 3,999 500 5?5 4LB 455 2,936 692 401 222 U n c o l l e c t e d it-ms and oth_r ded u c t i o n s F R O M ^ g r o s s DEPOSITS 67,769 152,C25 71,779 55,346 61,642 31,420 9 I J 3 1 50,004 15,333 55,74S 17,542 % Redem'otion f u n d a g a i n s t . . . ? . R . BANK NOTES 345 1,900 1,175 556 445 505 1,622 512 31*4 725 436 All other resources 379 2,765 732 959 * 366 625 1,334 469 150 455 630 TOTAL RESOURCES 392,615 1,543,697 417,237 452,552 232,505 212,944 522,729 236,510 162,523:237,575 ST- 483 B San p r , m . Total , 20,595 279 , 545 15,06? 554,512 33,96$ 534 j 5 7 124,559 l , l 6 3 , 0 6 o . 915 114,399 1 6 4 J 6 9 2,111,52% 305 65,357 165,074 2,150,211 40,751 1,654,946 12,452 251,367 76.54? 3 60,035 1297750 2,296',345 2,633 27,131 3?4 6,630 206,054 139,043 2,529,90? 400 11,699 39,552 ?4O,994 403 557 10,052 1%334 3.26,370 3 ^ 5 , 3 3 4 5,453,197 I ! E M 0 R A IT D A (a) (b) includes b i l l s FOR o t h e r E . R , discounted BANKS, V I Z : — includes bankers' acceptances b o u g h t FROM OTHER F - R » B a n k s WITH THEIR ENDORSEMENT W i t h o u t t h e i r ENDORSEMENT— . * - - - 5,062 - I n c l u d e s Government o v e r d r a f t of - • f i b 0 000 . - - - 6l,5?5 - - „ _ 25,000 - __ _ _ - . _ - „ 15,655 56,575 5,062 15,655 s t * 4c3C R o l o a s o d f o r p u b l i c a t i o n Sunday morning J u l y 13, 1919; n o t W M Z STAT2M3NT OF Ei:SOURCES M D L I A B I L I T I E S OF TUT FT-ETUfJ, EBSKRVS B/IJKS AT CLOSE OF B U S I 1 E S S JULY 11, ( i n t h o u s a n d s of d o l l a r s . ) I I A B I L I T I : Boston Eew York p h i l , „ . 6,^77 21,4% 1 7, 654 5,206 32,922 5,3U 17,06 9 39>3°7 10,073 104,451 7 0 i , 647 99-.-"''2 59,292 l44 1 IQ9 6b,512 232 105,647 ->312 l o l , 0 4 4 93^> ^ u 0 l,'-f»039 Capi t a l p a i d - i n Surplus — Government d e p o s i t s Due t o momb-rs - Reserve account Deferred a v a i l a b i l i t y items All other deposits — Tot..l gross d e p o s i t s F . R . n o t e s i n ..ctu .1 c i r c u l a t i o n p»B, b enk n o t ^ s i n c i r c u l a t i o n net liability All other LICWBI 11 181,787 16,688 Js — TOTAL LIABILITY 1,01/> fe,6l5 751,720 204,046 36)33^" 3 -*-0 1,843,657 22,373 808 417,237 39,575 F . R. n o t - s o u t s t a n d i n g 159 ,935 R. notwS h e l d by bank -,ft; 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 1^1,7 -7 =50 a ® SC.UU'J 12,3o7 7 5 ^ 7 5 0 205~04o ' 60 3,500 1 3 ? 1 3 0 5^,535 R 15',699 4 ^ 7 5 5 54,955 247 199,531109,747 W 2,505 9,710 6,787 20,113 46,247 247.6^4 25,151 69:505 w 2,559 :,474 64,915 2,320 3,160 52,929 12,542 4 22 3 , 957 * 6.166 76>664 fMn.fc?2,029 ^ 5 7 * T « i 5 1 a j o c f - 7 j T ^ s o I 6,176 151,100 4 4 , 0 3 2 J 9 4 , ' 9 5 3 1.7 2 6 * ^ 2 9 1 3 , 5 ^ 22,021 591,2^0 s, 6 44 114' 67 • b w ;6,4i4 39,265 2297 5 , 5345 1,619 '4u2 "712 '"lb 3 3 y^;^Ti^rw,mri2z7"oi 220,142 107,695 115,113 4 2 7 , 2 1 1 103 , 283 16.626 6,502 841 537 452,552 3,754 44-3 26,062 1,365 15,651 500 81,634 §3,081 6,330 413 12,365 1,000 4 7 , 6 2 } 201,062 2 , 5 3 8 , 1 2 7 7,553 676 232,508 212,544 822,725 2 3 6 , 8 1 0 162,823 2 3 7 , 5 7 8 126,370 7/422 331 3 45,33 4 184,806 12,893 5> 8 3 , 1 5 7 I.r E 1,'i 0 R A N D A C o n t i n g e n t l i a b i l i t y a s e n d o r s e r onDiscounted. proper r e d i s c o ^ n t e d w i t h o t h e r jp* R: b-mks Bankers: acceptances sold to o t h ^ r FVR. b m k s — 5,062 B i l l s discounted B i l l s b o u g h t i n open m a r k e t U• S» c e r t i f i c a t e s of i n d e b t e d n e s s Gl-v-1 s # 1919. 45,000 2,000 ;6,875 5,062 10,712 3,339 220, 142 107,099 a'.zki -iqi u 32,791 5,4io 115 ? .llo" 4 ^ , 211 103 * S53 ,.... 2! 163 • l i f e , 2 l j 634 93 \ 0 8 1 u9 „ , 9 3 5 226,612 2 , 7 6 0 , 2 5 5 I: 4^^653 2 0 l ] o 6 2 2,535,'127 DISTRIBUTION OF BILLS ZD U. S, CERTIFICATES OF INDEBTEMRSS BY MATURITIES. V/ithin 15 days l b to 30 days 3 1 to 60 days 6 l to 90 days Over 90 days Total 1,665,555 47,463 136,509 60,365 26,415 1,936,313 91,115 .53,234 . 146,607 64,079 360,035 lo '°25 1,010 12,4:6 25,922 145,011 206,054 Roleasuel f o r p u b l i c a t i o n Sunday morning J u l y 13, 1919; n o t u:.rliur. STATEMENT OP FEDERAL HE SERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS JULY 1.1, I919, S t . 453d ( I n t h o u s a n d s of d o l l a r s , ) FEDERAL RESERVE NOTES; Boston York PMU. Gluwl. Rich.. Atl;,nta Chicago S t , L o u i s Minn. K - n s . C y . D - l l - s S--n rrvJi, "EEHE'E:: S i l l 111 IS 1:1 SI HI ;|| '|g $g Tot^l 104,760 300,720 4,756,900 ->4,550 ,60,90s 1,62 6,124 i n h a n d s of p . R, Agent 20,700 I s s u e d t o F• R • bank IJSS amount r ^ t u r n o d t o FMV.Ag-nt f or T 6 dui^ip ui on ———— lb 3 j 935 70,17 0 231,612 3 , 1 3 0 , 7 7 6 117,400 .29,050 22,320: 27,125 59,184 15,760 17,070 i4j6o 12,650 20,235 5,200 370,4,7 ,50,2^5 216,433 230,6)4 111,695 123,529 460,003 117,724 53,797 99,544 49,935 226,612 2,760,259 COLLATERAL SECURITY FOR OUTSTANDING- NOTES; Gold c o i n and c e r t i f i c a t e on hand Gold r e d e m p t i o n f u n d 11 !$£ Gold 3 3 t t l a m e n t Fund - F-R»Board 44/300 E l i g i b l e p z p u r , m i n i m m rcqyirod 134,767 To t:-.l AMOUNT OF ELIGIBLE PAPER DELIVERED TO F . R, AGENT 129,935 l6S, g4s 153 , 7 40 - 21,125 2 500 16,149 13,299 13,001 1,972 3' 2Q3 7 , 4 5 3 90 ; °oo 57,426 95,000 29,500 4o.ooo 260,525 360,330 145,708 101,725 20,226 77 7x5 191,695 13,052 11,521 2,506 13,920 231,995 55,576 2 529 59,430 55,465 1,499 20,500 45,446 1,457 31,360 66,727 3,154 110,969 542,494 32,664 101,723 1,597,22.1 460,003 117,724 83,797 99,544 49,935 226,612 2,760,259 271,359 52,221 55,600 57,957 104,557 2 , 2 1 0 , 0 7 s 63,425
@FedFRASER