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Released, for publication \S-jnday mornir% Nov. 11, 1^17 S T A T Z V 1 E N T S u b s t a n d e p o s i t s n o n - m o f e m s o m e b e r s , o f s t a t e m e n t m l e a d i s s u s h d a o r e ^ s e d o w h c e n t , i n e d d ’ t h e O n t h e : g o l d ’a n d i t s h o i l l i o w e e k t o o f e l v e s ' . n e t o f ; b 3 1 * 7 m i q u i d n s , h e l d i l l i o ^ i ^ e r T 1 *1 1 3 1 G e o r g i a . d m i l i w e l p b a n k s ,- ‘l a r g " A . n p t o C » i t © ’ f o r t h e t n e w e W e e k e k o n ' T f t h e h o l d w t p b a n k s s ^ i n s $ 8 8 1 a n i n g , 0 a 0 o a n m d t l a n , 0 0 w i l l i o A 0 6 l 6 , 2 a c t u t n e t e d a t ~ i s c m e r e N e w t a C a l w e e k t o e n -.2 3 . , ^ . . s m i n i l l i o l i b e a x o b e f o r e * / : O f t n i n , 4 u n S h o w s . O f i s t h e s e i l l i o e , t Q n t a l t o •, n . f o r d i s c o u n t s r e , r ’ t n e j a i l l i q n s ? , ,; i s - o f n s r t y b a n k e f o t n - b y : t h i s e / t h e t o t a l r e p r e s e n t e d o t e s , b y . v i z 3 V ^ * ? C e r t i f i c a t e s o f I n n s , w n n 1 * 2 m i l l i o i n U n i t e d s i n i l l i o , i l e t h e s S e v e © . i . t o t a l S t a t e s C . o f e r t i f n i n m a c t e , d , G o n g e r c i a l o f C w C C o m v t h e p a i a i t y b s i t s p a n y a r e a n y - ^ o f o f p a n y e - F P o f i l a S a v a n n a h , e n t l l i e d b y t h e r a n c i s c o ^ c i E i i t i e d a b o u t h o r e G o v e r n m A r e p o r t e d S a w " n e V Y l y o f a n u f a c t u r B a l t i m o f ' t n r e s e r v e M p a n y . t h e a l s x ' , t h e I n d u s t r i a l C o m t o \0 a r r a n t s . t h e T r u s t - . C o m i t h d r a w r e s e r v e s d e p o s e v e n T r u s t u e p o s i t s K a n s a s w b y . a c c e p t a n c e s b y * T r u s t y a n a ' b y b y l e v e l a n d , t o t a l r e s e r v e f c e n t * o i ' ' 0 1 / , t n e . ' b e f 'o r e , . i c e n t o t a e r - i r a r d c e i f t w e e k e r r e p o r t e d - e a v y t n e o t h e , 3 i p 2 a e c y e a s e - ^ e r p e r B a n k c l e a r i n g 7 a s s a c h u s e t t s , p a n y - 0 . 2 C a r m M 2 •« * i s a m t h e C o m h i c a g o , e n t s 0 b e r s t o n , 1 c e n t t s ; : 2 a n d e m i l l i o n s * , 1 U m c i e n i b e r i l l i o n s ......................................................... o f f o 4 u . r e p o r t n o t e s t o e r g o , 0 0 0 i n c r e a s e d a g e n t s l a t o t a l 5 n p r e s e n t p e r o • € P i u a l i n c e s e r v e g a i n s t $ o f i l l i o , , t h e i l l i o m s b y S t a t e s 5 m S a v a n n a h p a y m n s m C i t i z e i x s s e r v e R i t e d m y i e 0 1 , T r u s t A R h i l i t • s 9 o f a t e ' I s l a n t h e e x c h a n g e s . / , 8 b a g k , . F e d e r a l 4 2 n e w o f d o f c e n t b ,. . a b o u t . , 4 6 'O l l i e p a p e r b l i a r a t i o . s e c u r e d / b y B e l g i i j Q i » m a b o u t r i t i e s , t h s h . 2 e e k t h e b t h e ' ^ e r ^ d e c r e a s e A r i t a i d i n g 6 p e r B u n t e d h o w 1 2 2 ^ y ; i i i c r e a s * e e Y o r k t o t a l 1 u x> f R i c h m o n d - ,’ F e d e r a l 1 b n o r i - m e m b e r s 1 N e w t n e i t h s e c a n d r e s u l t r e s e n t , r e p o r t t B e x c e p t i n A b b i l t i g o l d w p a n y c e , t o i n c r e a s e o f , s t i t u w i t i i 'd r a v v - .i 'n e a r l y a l l ' a o n p a r e d S a v i n g s b a n k s ’ t h e b a n k s * T h e i d e n a n : o f U e e k O n 10,& b y f ; 2 0 t e d i n g t h e G r .e a t n 'i i o t t e s s n o w w o i n c r e a s e d t o t . c r e d i t s l i ^ u i q a - t h e a n d n o w a c c o u n t B a l t i r / . o r e , a s . ' ' ' c o s t -' C o m b a n k s b a n k i n c r e a s e d j ,: -■ o± d e c r e a s e a r e d e p o s i t s n t o n o t e . s t a n d s y s t e m i t a l l e v e l a n d , A g e n t s a s r u n s .7 5 v - ■r t o w e e k i l l i o d e c r e a s e d , e s ; a o f b a n k c e n g a u g e d R e s e r v e e n t s t o t a l b ^ i ’- d s S t a ± 6 s » 6 b a n k s , l R e s e r v e e n t f r o m r i s e a .a u i l l i o e r t y d 1 9 1 7 * p e r l l a t e r a l d i s c o 0 1 ' t h e t n e - m f ' B r o o k l y n , P r o v r e p r e s e n t s l d m h a n d t h e ’ c a p - w e a t e e k l y 6 7 * 3 o R e s e r v e c o w G o v e r n m v p a y m L i b c o m d s 's c a l e ■r e p r e s e n t e d t o i n c r e a s e 4 , 0 0 0 , n s t F e d e r a l O v e r a n , :- i t i a a s s e t s , c i r c u l a t i o m ■'T h e i n e a r n i n g ^ i l e 1 3 1 7 . d e p o s i t s n b t e t n e 0 1 n o t e s . ' h . i a v e a t w e n 't S ' a n d e j o e t s w t n e i l l i o 3 7 1 » 1 'O O i t S r i u e T a b l e y r g o s t u s s i a l a v /e e k O u t s t a n d i n g $ 9 9 5 » 3 S g / a ’ i s o n 0 1 e l y b m s t t h e a p i t a l y e t h e r e p o r t e d i n s , r e p o r t s " w e e k f o r - c o m H o v 'e i a b e r s H o v v s 'W n l a r g e l y t o t a l X4|}2 1 0 , ^ c l e a r i n g e s e r v e ‘ B o a r d * n o t h e r t o t a l t h e i n c r e a s e i t l z e t t s i a , • b a n k s . i s l ’ t h e ; t 'o t a l h a 5 0 • b y v o ^ 'd r .i i i i e i i t s '.' s k s ; s h o w s l a - l ^ . t t o i t h S t u e e r e a s e a C o S i p a n y m •■ S '^ M a a ^ i t h o u g h b y R r ■l a r g e l y - b a n C p a h y s i n I .n d e b t e d £ .i e s t ,, b i n e a ; ' t h ^ ' C o f- b a n k s , a Q a i n l s s i b n t h e C o m a ' a l e s e r v e f r e s e r v e . b y P a j r c i e n t s r i a , n e R n " R c r a a t o p e e p e r , a g t o e b a ^ i a o n r j C o n l p a n y h o s i t i o Y o r k t o t a l c e e k ' o o p W l o n l & c c e p t a n c e s f o i n T r u s t . - L- rust ^ P h w n a n •; D u r i n g s n a s a a s ' e a r n i n c e n t A B u i i ' o i l o ’, d e l p o J > a r ‘ c b a n k s . ' 1 t h a n d . n s a ; e r s i n c o l l a t e r a l s T o t a l b a a k ‘3 1 p w n t i o r e p o r t : o n - p / s . s & c u r e d A t o t .~ - l 1 2 * 2 h a r e i l l s m e n t h e a s ; b a n k s * - • l i 'S c C h i c a g o s i l l i o b a n k s - * c i l l i o a n d b a n k s i c a t e s a i l l i o d u r i n g d e b t e d n e s s . o f u n t e d $ 1 2 2 , 1 0 u , t » u 0 , ' m n . m b e r - t h e s d i s c o L i l l i o n r i l l i o r a a e p o s i t - N e w C e r t . i f . i C a t e s . U L o t t i s m i l l i o ' M m e t r a n s f e r s t o e e 'f c t f o f F r a n c e , e m e » v y f u n d ,- . M ' ^ e s i t ' ,Y n e t / S t a l e d m h F r a - S ^ r v e r e s e r v e l d i n g s n 3 9 6 » 5 d e & b d i t i o i n c r e a s e : 3 5 F N o v , r e p r e s e n t i n g a d b u s i n e s s - n o t e a n d d i s b u r s e d t w 1 $ o 'f S t J t h e t h e a l s o t a b o u t E i i l l i ' b h s . ' c c a i i b i n e d i n g e n t ' s l i g h o f P R E S S . r e s e r v e s b i ~ : t h e o f i n i p 'r W e c .s n t F o l l o w - s e t t l e m b o n d s m “ ' t i n a " c l o s e ' » 7 : h o l e , r e s e r v e ’ t o r o l d a t T H E £ £ i b e r s , ' f e a t u r e s .b a r i k s - 'n e t a h ' b y r e d u c i n g w m i n c r e a s e ' t o t a l G g a s shp\ fr® s l i g i t t , e d p a n i e d . a b o u t j l l B a n i n c r e a s e s a a m ' a n i l l i o n s ' , o t b o r t i a l l y a c c o m t h e d e p o s i t s 5 ’1 « 5 n e w P O P . Hot earlier o f F e d e r a l b e f o r e . t o t a l a n d o f g o l d f r Q & i r e p O r t i j i g o f a '5 ^ . 1 '. 9 a n d m i l l i o R e s e r v e $ 3 7 9 r l 3 0 ; 0 u n o t e ,28U)OOQ ^ n s c o r r e s p o n d i n g F e d e r a l - R e s e r v e $ s u b s t a n t i a l n e t i n o o f c i r c u l a t i o n t o i s s u e s i - S b u e » r e a n o t e s 0 n o t e & e d u r i n g - 0 1 t n e ' i s s u e d t n e p a p o f - e r . $ 3 3 2 j 5 1 2 , 0 0 0 Released for publication Sunday morning November 11, I 917 . Not earlier. X49c;a STATEMENT OF COMBINED RESOURCES M D LIABILITIES OF THE TWELVE iJDERAL RESERVE BANKS AT CLOSE OF BUSINESS iiOVMIBHK .9 , I 917 . RESOURCES: November 9, 1^17 November 2,1^17 NovexuDar y , 1 *9ib Gold coin and .certificates in v a u l t . . . . . . . . . ................ . ...$507,403,0UO $5Pi, 5iy,obu $ 265 , 897,000 Gold settlement fuad............................... ......... ♦• * ♦................. 385,724,000 37 5 1 4 - $ 1 3 9 , 3 7 1 , ^ 0 Gold with, foreign agencies................................. .................. 52.500.000 52,^00.000 ...... Total gold held by banks.. . . . . . . .......................... ........... 945,627,000 , 9 3 2 .3 2 5 . 0 0 0 4 0 5 ,4 6 8 , 0 0 0 Gold with Federal Reserve Agents...........* ........... .......... . 616 , 254,000 6 0 2 .4 3 3 . 0 0 0 2 3 1 ,3 3 9 , 0 0 0 Gold redemption fund........................................... ................... 11,496,000 11,317.000 1,368,000 Total gold reserve.... . .............................. , ............. 1 , 573.377.000 15 ^ , 075,000 -638,175,000 Legal tender notes, silver, etc. .............. ............... . ... 52,208.000 50.744.000 7,312,000 Total reserves*....................... . .................. 625.585.000 V596,819,000 645,487,000 Bills discounted - Members............ . 510,154,000 5 0 3 .9 6 5 . 0 0 0 . . 19,380,000 Bills bought in open market................................. ........... . 181,001.000 186.012.000 .90,913,000 Total bills on hand....... ................ ..................... ....... 691,155,000 689.977.000 110,293,000 U. S« Government long-terc; securities....... . 53.743.000 5 3 .8 5 1 . 0 0 0 38,853,000 U. S- Government short-term securities........ . 42.367.000 45.211.000 11,347,000 Municipal warrants................................................. . 1,273,000 1,267,000 20, 694,000 Total earning a s s e t s . . . . . . . . . . . . . ..................... . 788, 538,000 7 9 0 .3 0 6 . 0 0 0 181,187,000 Due from other Federal Reserve Banks - N e t . . . . . . . . . . . . . . . . . ,7 725,000 1 4 ,3 8 3 , 0 0 0 3 5 ,0 6 5 , 0 0 0 Uncfellected item s...................................... .............. ........... .. 271 , 796.000 317.901,000 Total deductions from gross deposits........... . 2 7 9 .5 2 1 . 0 0 0 332,2g4.roo0 35,065,000 5$ Redemption fund against F, Ii» Bank notes...................... 537,oow 537,000 450,000 All other resources.......................................... ............. 2,.2.89,poo 1.588.000 2.483.000 TOTAL RESOURCES...................................... 2 , 6 9 7 .1 7 0 . 0 0 0 2.721.534.000 864,672,000 L I A B I L I T I E S Capital paid.-in................................. .............................. . 6 5 ,3 4 5 , 0 0 0 64,291,000 55,710,000 Government deposits................ ................ ............................ 59 }igg.#000 175,912,000 . 23o39,000 Due to members --reserve account....................................... ...1,406,982,000 1,372,023,000 Due to non-member banks - clearing account............ ........... . 33,866,000 24,310,000 ...... Member bank deposits - Net......................................... . .. . . . .......... ....... 556>4b2,000 Collection items....................... ........................... . ♦ 187,022,000 l ^ l t8 I l tuuU *«.*«« Total gross deposits..................... ................... .......... 1 , 6S7,o6g,ooo 1.764.056.000 579,801,000 F„ R* Notes in actual circulation. .............................. . 9 3 2 ,5 1 2 , 0 0 0 881,001,000 227,612,woo F„ B. Bank notes in circulation, net liability....... . 8,0u0,000 8,000,000 1/030,000 All other liabilities including foreign Govt, c r e d it s ...... 4.245.000 4.186.000 519.000 TOTAL LIABILITIES......... ..................................... 2 , 697, 170,000 2.721.534.000 864,672,000 Gold reserve against net deposit liabilities............ Gold and lawful money reserve against net deposit liabilities Gold reserve against F«R.notes in actual circulation...... 67.1^ 70.85b 67*3$ 6>V 6s . 6ft 69. 7 SS 74.4^ 75-8$ .$ 102 2 i«ot earlier. X492b Released x'or publication Sunday November 11, 1917 WEEKLY STATEMENT OF RESOURCES AilD LIABILITIES OF THE I FEDERAL RESERVE BA13L3 AT CLOSE OF BUSINESS NOVEMBER 9, 1917(In thousands of dollars). Boston N. Y. Phila. Cleve. Rich. Atlanta. Chicago . St.Louis.Minn. Kans.Cy. Da I 1 s . RESOURCES: 309,253 5,299 15,060 5,988 12,2.0c 20,077 29,404 . 6,123 5,779 36,377 Gold coin and certificates in vault 33,251 90,846 12,721 22,205 10,871 25 ,646 13,579 Ho,389 30,706 36,139 9,548 6s,785 Gold settlement fund 1.83S 18,112 2,100 2 t100 2,625 i.frfS____4.J25 1,837 .1,575 7, Gold with foreign agencies 3.1.615 27,623 418,216 44,099 112,512 28,031 64,141 16,902 29,604 1+9,647 34,259 *4,835 Total gold held by 'banks 36,182 177,146 49,785 47,014 3? , 06l 36,904 86,231 33,375 27,772 29,477 30,287 Go^vvith Federal Reserve Agents ^94 _____ 21 1,000 5,000 4ll 667 515 . J&. Gc^^redemption fund m 612 58,102 65 ,Obi 86,829. 60C ,362 11^876 111,870 7 ^ 7 9 9 54,473 199,154 63,741 56,29^ Totctl gold reserves 62 182 269 J10 .5 0 1 '"Legal tender notes, silver, etc, ^5:/.44l__ ,42,134 l£ L i9 5_ 1 , 183. 58,412 65,123 92,270 642,496 115643 112,343 7^,981 54,742 200,337 64,436 56,793 Totctl reserves 10,211 14/223 9,5^6 12,320 11,488 293,963 9,287 13,450 35,024 63,534 15,642 Bills discounted — Cie&ibers 28,742 24.518 26.iqo -J-6J P 2 , 11.740 4,J95. - . 5 , 7.00- 6,353 11,357. iuL40_ i i , _ m Bills bought in open tuarket 24,807 40,364 21,806 40,230 :32},4S1 35,^77 69,284 21,995 Total bills an hand 50,525 21,326 16,715 2,233 1,860 6,849 610 3,972 21,Ou7 2,273 7,697 1,348 U» S.Government loiv-tena securities 550 2,285 6,074 3,062 2,183 1,784 U.S.Government short-term securities 2,686 1,793 3,514 2,364 9,151 3,535 46 :iz 10 1.017 Municipal warrants Jl. ____ 25 . i£ L 43^526 33 2,845 39,099 61,748 25,038 26,918 93,876 26,021 28,875 50,997 28,109 Total earning assets 6,426 .... ................... 1,683 9*6 1,380 241 2,520 . . . Due fra* other F. R- Banks - N et, 10,351 lb,80j___ 13,400 Uncollected items 15,m . 65.570 54,058 17,039 17,700 16,379 35,548 17,4lb 1 3 ,b4l 68,090 34,058 23,465 17,700 16,379 35,548 19,099 11>337 18,183 Total deductions fra* gross depositsi5,983 400 137 5$ Redemption fund against F.R»Bank .nOtot» 301 170 62 All other resources 1,5*7. 151,779 1,0.43,431188,800 197 , 356. 119^19 9^101 529, fbl 13.1,103 -95»42.113-H873 98,986 ^ TOTAL RESOURCES L I A B I L I T I E S 5,701 i 6 ^ g 5,;§S&- o6/7#3 3,567 2 ,635 8,055 3,443 Capital paid-in 1,636 3,199 5,895 3,863 5 ,042 Government deposits 7,303 2,039 359 48,844 633,364 80,769 103 , 99 s 45,104 31 Due to members reserve account ,083 165,717 77,177 24,362 . . . 590 . . . 137 4,349 Due non-member banks Clou.rin0-d.cct 19 12,516 44,251 30,349 12,094 13,797 8 ,222 23,109 13,964 Collection items ..3,498. 6^04 - S5.,- ;,U .|23. Due to other F.R.Banks - Net ..3*02064,463 Total gross deposits 93,072 709,280 116,655 122,577 69,068 44 ,539 193,003 67,876 46,969 50 ,927 123,573 43,197 F. R. Notes in actual circulation 52,347 314,807 F.IUBank notes in circulation net liab' All other liabilities inclvaing foreign 2,4^6 _ _485 -360......115. ________________________ Government credits 659____________ 1>Q • Total liabilities 151,779 1,043,431 1*8*500 197,556 119.719 98 ,101 329,761 111,103 (a) Difference between net amounts dt*e from and. net amounts due to other . 2,78> 2,581 3,372 7,085 4,420 ^1,753 71,251 7 2 4,746 9,977 40,578 53,591 35,650 43,249 37,351 44,281 ... 6,227 . «*• 5,117 51,922 8,000 ... 134 ,873 9§„986 S. Fran. 2b,581 24,289 2 55.753 30,020 Total* 507,403 385,724 .5t,-500 945,627 616,254 11,496 39 85,817 1,573.377 52.208 187 86,004 1 , 625,585 16,376 8.769 25,145 2,45^ 3,88b 510,154 181,001 •4-155 53,743 42,367 1,271 788,538 (a) 7,725 >11,549. 271,7*6 31 , 48b 8,995 20,544 112 279,521 537 2,96'! 138,146 2 , 697,170 4,033 12,130 67,344 65,345 59,193 4,400 8,880 1,406,982 33,366 137,022 92,754 41,359 1 , 687,068 932,512 ... 8,000 4,245 99,421 133,146 2 , 697,170 Released, for publication dusad^y iiiOrnii^ i40veaiber XI, 1^17 i'lot ec*,rli^r STATEMENT OF FMBSBAL RESERVE AGENTS' ACCOUNTS CLOSE OP BtfSIHESS NOVEMBER $; 1917. (In txiO'ai5ci.riad ox aoliars). "*1 X-492c A T F e d e r a l R R e s e r v e e c e i v e d f r e e * R e t 'u r n e d C h a r g e a b l e I n h a n d s I s s u a m A C t o e d o u n t g e n t o r t o F . r p t r o l l e r R . R - R . e l d a n k o G o l d W i t h . C $1?’ S2S lOQ^OQU l l ’ ouS . 828 .l O j W ...1,5 ,045-- g.lH6 l4-,439 lu.OSO 451 , 8b6 108,920 84,195 13,840 31,509 2,673 2,000 167,920 9,226 4,220 13,341 3,696 3,673 41,869 30,000 19,470 165,800 65,052 ^ 76,454 51,161 56,270 4,940 2,220 t o F . R n s e c u o 59,480 8.717 164,771 49,862 4,490 50,763 50 836 52 580 6 ^ 0 z\380 V . g g 3,970 3St34Q 6l,720 b .,1 8 0 10.884 11.60 0 j Totd-l 52,820 1,424,040 V .f 1^800 5,446 222 S<S6 47 374 — r a b i m r i t y t e s : l d f u n d F e d e r a l R e s e r v e B o a r d « • « « 3,604 2*280 2,513 561 31,500 31,020 13,102 332 1,757 85,899 29,105 1,875 14,500 20,570 24.500 -16j-880 15,396 43,200 11,997 1^.996, 12,169 16.798 -1 Z. 354 T O T A L d 170,HSO 57>7*0 5,709 7,918 San Fr, . CoruGiercial paper, mininnsu required A m y Dallas l e s s coin and certificates on hand redemption G ulevel.Richm. Atlanta Ciiicago St.Louis Minu*s Kans p t i o n a s o u t s t a n d i n g A g e n t A g e n t B r e d e m h Boston* Ne<iJ York Phila. t e s : p t r o l l e r F . F . o r e t u r n e d f o l l a t e r a l f o C o m o f t o N C o m z°_l2Z±-2±l??z. ccESGiercial o u n t o f e l i v e r e d t o F . R . A g e n t 19,^89 205,337 F e d e r a l 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 F . R . N o t e s i n c i r c u l d b y 20,574 24,515 21,326 15,397 b a n k s §§,652 R e s e r v e M O R A N o t e s N n 28,360 10,974 »J (£ 250,689 32,187 333,378 .J79A 30 J£ LJJ4 ^ ^ § 9 5 ,3 8 4 314,807 Bills discounted and bought Municipal warrant :• W i t h i n c 1 5 4 4 8 , 7 1 6 • * » l , d a y s i s t r i b l b t o u t i o a u 6 7 , 1 ‘ 5 5 5 1 7 n 19,796 439,202 44,473 1,224 42,456 44,570 47,374 289 6,545 995,384 62,872 123,573 43,197 i^3f3^9 37,851 44,281 41,359 932,512 1 2 ,0 3 6 lxl a,Cttol circuitcion. 4b, 969 50,927 o f B 22,676 . 52,300 129,431 45,372 1,972 1.373 _ 5,858 2.175 66,076 67,876 D A 12,462 21,806 4 3 ,7 2 2 48,941 — iL.27,9 ,,;;3,638 5^,3^7 D O u t s t a n d i n g . a a u . 70,355 71,514 .3>2q5 , E a c t u a l l a t i o 0 1,869 28,151 p a p e r M e .. * . . . 14,480 1,927 2,318 i l l s d a y s x o 1 0 0 a n d W b u , 2 5 a r r a n t s d a y s 2 6 5 2 9 1 , 1 5 6 l 5 b v 4 , b05 i f e i t u r i t i a s t o y O 7 d a y s — 2 , 3 1 3 1 9 3 o v e r 9 0 2 , 7 1 d a y s T o t a l 9 5 1 1 1 , 2 7 3 I • ■Released for publication Sunday nomine Nov. IS, 1917 S T A T E M E N T F O B T H E * Not earlier. X512 P R E S S , Nov. 17, 1917* P a y m o f C t h e s e c o n d e r t i f i c a t e s s t a t e m e n t e n t s L i b o f i s s u m 1 5 9 * 7 d u r i n g o n i l l i o t h e b o n k s b a n k s , b y w e e k b o t h w r t i o h i c h n o f w b a n k s L e r t y i b l o i c a t e s o f f u r t h e r c l a t i o d a n l l o w c u r e d **30*- d e b t e d n b y o f l y a b o u t h i c h f a e n t s G N l i q u s h o w l i t t 1 3 6 » . i n c a i t a n 4- p a e n t e n t c »i }OQ o f w m a c c o u n t i l l i o i n t h e c l o s e o f b u s i n e s s e e k l y n s o f b a n k N o v e m b e r f o r t h e e h i a C S a n f u r t h F f o r t h e e i r F m o n c r e d R c o m i t s e d e r a l f o b y t h e N e w h o l d i n g s o f r m 1 4 ,4 - s i t s t i f i c T o f n t h 1 0 5 t e o f s a n d i l l i o U » i s g i v e n t h e S . b a n k s . S . C i l l i o n a n d C e r t i f s h o w n o t e c o c a i r e 3 1 r s e d n s i l l i o o f f o m n s a n s s e i n I n d e b t e d r e i g h i l l i o I t a n o n — n o t e s t o 5 0 t o o f a n d r e p o r t s u i c h i l l i o e n t s e n t m r t i f i c a t e w r e s e r v e p a y m l l a t e r a l b a n k o f m i n G o v e r n m d i s b u s , 1 5 s a b o u t T h e b a n k n f r o m b o t h " b a n k s * U * e m 2 B a n k i s b y l y n s . p B a r t i a 2 . 3 m i l l i o l l y o f f s e t m n s , t h e b y l a r g e r d e - , . s u b s t a n t i a l o s t o n , C h i c a g o * o n h a n d f o r m o f o t e s , i l l i o o r w n s o f c l a s s t e s , U . S . C O u t s i d e e r t i f i c a t e s 2 N e w e e k . U Y o r k N e w Y o r k l i q . u i d a a s s e t s s p r e s e n t p a r e d , 1 2 0 7 U . 1 3 & 7 p e r S . S ^ c u r i t i * # % o £ - 2 1 . 0 o f t h e N e w e n t r a n c i s c o p a n i e s i n e e k . o n d , d e p o s i t s b a n k s . f o l l o N e w o f R e s e r v e w g o l a r g e e r e T h e i n g h e a v n o n - m a d m C a n d e m i e s t b e r i s s i o n i t y a n d i n c r e a s e s S t . L o a t t o m e m t h e B o s t o n , i l a d e l i n B o s t o n , N e w l e a r i n g A c c o u n t a n u m b e r s h i p o f o f h i l e i n c r e a s e s t h e t r a n s f e r w C h ^ - b a n k s , C S . a y n e S a v i n g s u i s b a n k s ' t n e a t d W t h e i r P h Y o r k , b e r s h o w s o f c l e a r i n a l < * r g e g a n a d a n d a o f i t i o 1 1 , 1 8 l a t i o n 3 n t h e $ $ 4 c i r c u d l l , 0 3 & 2 , 0 o f $ 4 3 , 2 3 6 , 0 0 0 A g e n t s , 6 2 0 o f . 0 o , 0 o f o t o r e p o r t i n g 0 p t h e o u t s t a n d i n g ^ p e r . $ 9 7 - 2 > - 5 S 5 j 0 0 0 , ..................................... T h e a n t o t a l s u b s t a n i s b a n k s t i a l a c c o u n t s o f s e c u r e d o f i s s u e s b y r e p o r t i n c r e a s e F e d e r a l n o t e a n $ 4 0 a c t u a l , 0 7 3 w o m e m C h i c a g o c o l u n n . t o t a l l d W Y o r k b e e n n o t e s h o w C h i c a g o u t s t a n d i n g , T h e d e p o s i t s d e p o s i t h a s o e e k . a n R i c h m r e s e r v e 6 2 9 , 9 0 6 , 0 0 0 t h e o f n o t e s w E a s t e r n o f R e s e r v e a i n l y i n . b e r a h F r a n c e m m d e c r e a s e d e m l d i n g s w t o o f d e p o b a n k s Y o r k , 5 r e s e r v e w B e s e r v e c r e d i t a c c o u n t e s e r v e n s n s i d e r a b l e a i n l y e d i a t e i l l i o e n t s e d e r a l t h e c i n g s t h A r a f t s , i m t h e F e d e r a l s . m d r a f t s a r r a n t s $ r e t o t a l n h o a n d a i l l i o b o o k d e c r e a s e s e i t s d h i c h o f i t h n a n d n o F f o a n d i l l c o m 1 T h e r e e s e r v e i n o f d e c r e a s e v o l u m t h e e r t y r e d u c t i o n c o m t h e s m n l e v e l a n d , d e r b o n d s w i l l i o p a j a a e n t s T r u s t a n t r u s t b e w l d i n g s r e s e r v e b e r s , m i n c r e a s e 7 3 * 5 s . a i n c h e c k s s i t e d a n a b o u t b a n k s b a n k s ’ B l d S a v i n g s , s n o f h i l e e . t r a n s f e r r s h o w o f b e r t o e 7 6 * 9 G o v e r n m p n w h i c h b a n k s , a n d H o m e i l l i o I t s n » 7 w R e s e r v e d L i b c o m 5 2 m s o m e e k o f 4 o r e e k o r t g a g e o f s i l l i o a n d w 4 0 s , i . d e p o f o r m h o s , f o n w i n c r e a s e d 1 5 6 * 7 a n a r t i o l d t s o f c a l l e d t h e r e p o r t s a n R e s e r v e t h h t h e g a i n s l , p o h i c h i t e m e e k s o - i n i l l i o e m d e p o s i t s w decreased being nead Philadelphia, Cleveland and two-thirds the discounted paper is in the collateral the total held, 3 1 9 * 6 millions, indicating this of paper for the week, About these compared with 3 0 0 * 3 millions tne week before bends and of Indebtedness. Acceptances increase of , 9 millions, and San Francisco reporting the of the banks show net millions of S. short-term securities- Other earning change for the week. Total earning assets shew an increase and constitute at per cent of th-3 banks5 paidwith cent the week before. Of tn^ total, discounts P^r cent, 6 ^©r^bsxit^secepisnces 0 , 1 per cent, on capital account by newly admitted members are reported by the total paid-capital of the system showing an increase $1 ,3 4 6 ,uoGv The list of institutions which paid, for stock includes among others the Union Trust Company, U» Co and Columbia Trust Co of York, also County Bank Detroit, and the First Trust Bank of n n P a y m u r 4 0 o f n m m n b y l e m c e n t f o a n i n s t a l l m e x t e n t a t o f t i o s t i t u t e a r w , u p 1 1 e n t t h e n n d e r a b o u t o f M s o m e e n t i s t r i c w g o i n i l l i o d t h e l a r g e r s i t s . i n s h o w n s h o w o f r i t a b y l a r g e s t t i o n c o c e n t G o v e r n m a s s i t s e s e r v e , b a n k s i l l i o n d e p o t h e a r e n t l y d u r i n g i s c o u n t s i l l i o h a n d t h e o t i o m o r t e d s e c u r e d o n B e a r l y i d m a d u e d u r i n g b a n k s ’ . 2 a r e p t o B o a r d G o v e r n m g g r e g a t e a n k m t f o r R i t t e d e p 1 5 0 l l r e a t r e p b e r 8 B G o v e r n m w * ' p e r t h e u n c o l l e c t e d a d e a b o u t a d m i d c l l t h e A 3 . S 2 d r a b o u t b y g m a p p b y i n c r e a s e s 0 a d e e r g t o n e t f a l a D e m l y c l e a r i n i s Y o r k o f a e s t e r n e s s . o f N e w n e w s u c r e a s e 2 I S b y r e f l e c t e d r e s e r v e o u t s i d e W m f f e a n d B y I n a o f l i q w e n t m t h e p t i o n R e s e r v e o s t t h e G o v e r n m w a r e e d e r a l b e r s ' i n g c r e a s e n e s s * i n c r e a s e s n b e r s » f o y i n c r e a s e d r e s e r v e s m F o f r e d e m i n c r e a s e i t e m a n T h e m i n b i t x a r e a s e n e m a n t h e s e m b e r m i t h s h o w t o e m s , a n d b o u g h t a n t h e b a n k s a n d o p e r a t i o n s n e x c h a n g e , u a n I n d e b t e d n e s s e d T h e s e o f o R e s e r v e l o 1917 , 16, p t o e r t y , O o O Released for publication Sunday morning November IS, 191? • Not earlier. STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE .TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS NOVEMBER l6, I 917. R E S O U R C E S : November l6, 1917 November 9, 1917» Gold coin and certif icates in vault.. . . . . . . . . . . . . . . . . . . . . . $526,792,000 $507,403,000 363,710,000 385,724,000 Go?-d settlement fund... ................................ .................... . Gold with f oreign agencies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53, 5^0,Oov 52,500 %000 Total gold held by banks.. ............................ ........... 9 43>o02,oov 945,627,000 Gold with Federal Reserve Agents*. . . . ......... 629,9O6,Oy0 bio, 254,000 ■.ll>.H^PtVVV l l t496t.0w0 Geld redemption fund......................................... Total gold reserve............................................. . . . . . $1 ,53 4,3 28 ,uou $1 ,573,377,0w0 Legal tender, notes, silver, etc,. . . . . w. . . . . . . . . . . . . . . . . . . .__5 2,20 8 ,Ooo Total reserves.......................................................... 1 ^ 3 M 5 3 ,0 v O 1,625,5*5,000 Bills discounted - M e m b e r s . . . . . . . . . . . . . . . * * ........ 487,850,000 Eills bought in open m a r k e t 193 , 869,000 18^,001,000 Total bills on h a n d * ............. . . . . . . . . . . . . . . . i . . . . . . . . . . . . 681,719,000 . 691,155>OOu Ur S* Government long-term-securities.. . . . . . . . . . . . . . . i . . . . . . . 53,743,000 U.S.Government short-term securi ti es. <i . . 42, 367, 000 Municipal warrants............. i . . . . . . ..................... .................. ... «.V^.V. ,1>273>OOQ Total earning assets............................................ . • ............ .. 924-,898,000 788,538,000 Due frcci other Federal Reserve Banks - Net. . . . * . . . . . . . . . . . 17,838,000 7,725,000 Uncollected xtems. * • * . * . * . . • • • • • . . . . . . . . . . . . . . . . . . *. «*»• • * 428, 544 1000 ^ Total deductions froa gross d e p o s i t s .............. ............. . 440,382,000 279*521,000 5$ Redemption fund against F. R. B a n k n o t e s ............. . . 537*°°o 537 >000 All other resources................. ........... *................... ................. 3 ,7 3 6 ,U a > _ 2,989,000 TOTAL RESOURCES 3 ,u l 2 ,& 6 ,u O o 2,697,170,ywO L I A B I L I T I E S . „ ' . . .. • Capital paid-in.................................... ...................................... 66; 691,000 65,345,000 Government deposits,. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 , 2 1 8 , 8 8 7 , 0 0 0 59,193,000 Due to members - reserve a c c o u n t ........................ ................. 1,480,498,000 1,406,982,000 Due to non-member banks - clearing a c c o u n t . . . . . . . . . . . . . . . . 20,925,000 33 >866,000 Member bank deposits - N e t .................................................. . ....... . • .... Collection items........... ................................. ............................. 240,437,000 187,022,000 Total gross d e p o s i t s * . . . . . . . . . . . . . . . ............. .................... 1,960,747,000 1,687,068,000 F. R» Notes in actual circralation.. . . . . . . . . . . . . . . . . . . . . . . . 972,5^5,000 932,51^,000 F. R. Banknotes in circulation, net liability.................. . 8,000,000 8,000,000 A H other liabilities including foreign Gov* t c r e d i t s ...,. ____ <583^000 4-,245,000 TCTAL LIABILITIES 3 ,0 1 2 ,40b, w V 2,697,170,000 Gold reserve against net deposit l i a b i l i t i e s . . . . . . . ........... • 6 2.2$ . 67. 1 $ Gold and lawful money reserve against net deposit liabilities £>5.754 7 0 . 8$ Gold reserve against F.R. notes in actual circu latio n ..... 65*9$ 67«3$ X 512a 17 I 916. N o v , 2 9 3 1 4 0 . 4 4 1 . 0 0 0 , 8 2 1 * 0 0 0 4 3 4 , 2 ^ 2 , 0 0 0 2 3 8 . 4 5 8 . 0 0 0 1 , 3 8 3 , 0 0 0 67^ 103,Si* 16,580.000 6 9 0 . 6 8 3 . 0 0 0 1 1 9 . 7 0 4 . 0 0 0 7 . 4 9 3 . 0 0 0 1 3 9 * 1 1 5 , 0 0 0 ll,lb 7,000 186.372.000 59.773.000 59.773.000 470,000 6 ,1 2 1 ,QuO 9 4 3 , 4 1 9 , 0 0 0 5 5 . 7 0 4 . 0 0 0 25.171.000 6 2 2 . 2 5 4 . 0 0 0 » a» « 7 . 4 2 5 . 0 0 0 6 4 2 3 8 . 6 7 0 . 0 0 0 1 , 030,000 590.000 9 4 3 . 4 1 9 7 3 * 9 7 6 . 7 . 0 $ $ 1 0 0 . 5 $ 0 0 . . . Released for publication Sunday morning, November 18, 1917. Hot earlier* WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS. .AT CLOSE OF BUSINESS, NOVEMBER (In thousands of dollars) N. Y. Boston RE?.OOKO";b: Phila. Cleve. Rich. Atlanta Chicago St.Louis.Minn. 39,946 321,188 20,576 30,647 6,203 OcO.l 3oir. and certificates in vault 5,799 35,076 5,426 14,069 11,104 67,140 37,232 45,419 35,240 Gold settlement fund 9,411 67,007 21,923 14,070 .._3t67$. 18.112 _J L .6 7 5 Gold with foreign agencies 4.725 1.837 1.575 7.350 2.100 2.100 54,725 406,440 61,483 80,791 43,280 16,785 109,433 29,449 30,239 Total gold held by banks 31,692 174,325 50,529 46,192 31,997 39,892 98,474 38,359 29,353 Gold with Federal Reserve Agents. 5.000 Gold redemption fund 950 52 615 535 431 758 589 87,417 585,765 112,962 127,035 75,892 57,212 208,338 68,566 60,181 Total gold reserves 5.046 Le£51 tender notes. notes, silver, etc. 42.366 .858 500 193 282 1.499 606 315 92,463 628,131 113,820 127,535 76,085 57,494 209,837 69,172 60,496 ^ _ Total reserves 36,286 223,297 16,046 25,386 10,775 10,157 76,813 17,181 13,475 Bills discounted - members 28.437 ■ Bills bought in open market -31.330 25,859 34.444 12.191 5.595 5.624 7.465 10.537 64,723 254,517 41,905 59,830 22,966 15,753 82,437 24,646 24,012 fotal bills on hand 610 U.S.Government long-tern: securities 2,044 550 8,178 1,346 *898 21,007 2,233 1,860 U.S.Government short-term securities 2,536 156,072 2,860 3,529 2,364 7,060 3,404 1,693 1,819 Municipal warrants 10 .f_ -la,P17 12 . . . . . 163 .... * ♦* • « .* * • 25 , 0tala|iarning asset* 4^,869 413,650 45,325 71,549 26,676 23,873 106,848 28,572 27,716 Due from other F.R.Banks - Het I f , 452 * • ♦«• 4,641 10,390 3,189 1,973 6,150 2,981 1,923 Uncollectedj. items _22*XQ£. SSULS7 47.898 36.454 30.409 22.079 70.775 27.067 18.330 Total iuluctrons from gross deposits 48,160 80,127 52,539 46,844 33,598 24,052 76,925 30,048 20,253 >tes . . . >» « ♦• • «• % ** • ••* #* All other resources 98 -life? «—■ . .. .!■f? ...... *„ft . 885 i ifTn■ . m , m . TOTAL RESOURCES t W • 1. . . . . . . Ill . . . X-512b 16, 1917. Kas.Cy 5,607 20,508 2.625 28,740 30,209 515 59,464 59 59,523 31,900 4.951 36,851 8,849 2, 210 47,910 9,988 35.901 45,889 400 • • • Dallas 12,238 15,603 1.838 29,679 27,757 965 58,401 588 58,989 10,423 10.372 20,795 3,972 2,824 46 27,637 286 15.026 15,312 137 404 S.Fratn. Total. 30,017 526,792 19*053 363,710 2.888 52.500 51,958 943,003 31,127 629,906 10 11.420 83,095 1,584,328 213 52. 5J>5 83,308 1,636,853 16,111 487,850 17.174 33,285 2,455 1,533 37,273 17,772( 13.770 31,542 •* • 193 afift681,719 54,002 187,904 1.373 924,898 a )17,838 428. 5** 446,332 537 3.736 3,012,406 ' L I A B I L I T I E S 5,701 Capital paid in 17,675 5,590 6,743 3,585 8, 549 2, 581 2* 635 3j,444 3,372 2,783 4,033 66,691 Governixent deposits 42,256 ■ 3,485 19,267 46,017 23,872 4, 673 25, 367 14,,438 14, 559 11,393 3,324 10,236 218,887 87,647 657,133 63,991 101,442 44,324 33, 498 183, 756 48,,562 42,917 74,968 43,450 78,810 Due to members reserve account 1,480,498 Due noruxember banks dearing-acc' t . • ». . • t• • 11,331 129 « • • * 72 46 36 5/ 911 2 « • «« 3,398 20,925 Collection items 18,420 51,196 31,934 30,940 15,971 10, 870 38, 889 16,,073 5,252 13,695 6,451 10,746 240>43? Due to other F.R.Banks - Het ,__ I__H..f if.. _5JL,?P.7,1Til % * • • • * * T..T * • ** % «* r-. ♦ * * ... *.. .. ♦•, •, * *^ 148,323 782,052 135,192 168,528 84,167 49, 113 253, 923 79,,119 62,764 100,058 53,225 103,190 Total gross deposits 1,960,74? F.R.Notes in actual circulation 53,805 319,481 70,429 70,433 48,748 53,810 131, 236 47,,298 44,005 42,018 46,471 44,852 973,585 F.R.Bank notes in circulation net liab. «rm m » -* *• * * «*« »• * «• 8,000 8,000 All other liabilities including foreign Government credits __ J M _________________________________________________ __ 2 1 0 0 225 M. .m TOTAL LIABILITIES 208,4921,121,908 211,684 245,928136,500 105,558 393,708 129,861 109,350 153,722 102,479 152 123 3,012,40$ (a) Difference between net amounts due from and net ajsounts due to other F. R. b&akg, * * * .f m ____________ x . m * * * • •• * m « m * * » * « Released for publication Sunday morning November 18, I 917 Federal Reserve Notes: Received from Comptroller Returned to Comptroller Charseable to F.R,Agent In hands of F. R. Agent Issued to F»R.Bank less amount returned to F.R. Agent for redemption - Collateral held as security for outstanding notes; Gold coin and certificates on hand Gold redemption fund With Federal .Reserve Board Commercial paper, minimum required TOTAL Amount of commercial paper delivered to F. R. Agent F. R. Notes outstanding F. R. Notes held by banks F. R. Notes in actual circulation Bills discounted and bought Municipal warrants i i Hot earlier X512c STATEMENT OF FEDEBAL RESERVE AGENTS1 ACCOUNTS AT CLOSE OF BUSINESS NOVEMBER 16, I 9I 7 . (in thousands of dollars") £ °f°n Q eVir Atl»ta. Chicago-St.Louis Minn. Kans.Cy.Balias. S. Fran. Total fi Jta lel+SS* 37,880 6s , 700 69,100 is4,i20, 61 , 380 59,420 64,740 64,160 57,220 1 , 484,too 6 5 , 0 1 2 7 , 4 o x 6 2 4 1 ._ 2 3 2 7 , 0 6 0 1 2 , 0 5 ^ , 2 0 2 3 ^ , 0 4 5 , 5 , 5 6 5 2 , 6 3 2 2 6 3 U w 8 2 ? 5 , 4 6 , 8 u , 0 9 9 8 9 , 6 3 2 1 2 , 1 4 0 1 5 , . . 9 4 0 J Q 0 1 6 1 2 . 2 5 , 9 4 9 - 1 7 5 , 2 0 0 3 4 9 , 5 2 5 8 0 , 8 4 2 2 , 2 3 , 8 4 . jl 4 6 5 0 0 8 b - 2 2 3 , 4 , 4 2 L m 8 2 3 I 3 0 Jh 333. 2 4 , 4 3 6 3 6 9 2 , 9 . , 5 0 3 5 3 0 1 1 5 , 1 , 5 0 8 , 2 0 7 0 2 5 5 8 . 2 £ 6 5 , 1 5 8 2 2 2 , 9 6 6 1 § 9 4 , 2 8 0 3 9 . 1 7 4 5 1 4 4 6 3 3 , 5 9 0 9 , 8 5 6 4 • 2 7 5 6 5 8 , 1 A • 7 0 5 0 , 2 6 7 , 5 9 * 7 3 , 6 9 2 7 1 3 0 4 , 8 3 4 , w 1 1 7 8 , 3 5 4 , S 5 o 3 , 6 4 9 7 3 0 , 0 0 0 7 5 9 , O u S * . . 3 , 6 0 0 2 2 5 0 , 2 6 7 1 2 , 5 9 2 5 4 j l 5 4 , 1 3 7 , 4 2 , 5 1 2 2 , 0 4 2 , 8 0 5 9 7 9 8 , 1 9 9 3 3 4 0 , 7 0 0 1 1 . 4 3 9 , 1 7 4 ^ 1 , 3 2 1 11,526 5 4 0 , 6 3 9 5 9 , 2 5 , 3 5 3 , 5 7 7 0 4 9 4 , 7 5 1 1 4 , 5 0 0 1 5 , 9 . 9 9 5 5 . 5 8 2 . . . 1 3 , 1 0 2 1 7 5 4 1 1 , 8 4 2 8 , 3 6 0 9 6 1 5 . 5 7 3 1 9 , 4 - 3 0 1 5 , 6 3 4 4 5 , 5 8 2 ^ . 5 6 4 2 , 0 1 8 2 , 5 6 5 5 , 6 5 0 6 , 9 1 5 4 , 4 8 0 2 , 4 0 3 1 0 , 8 7 4 1 9 , 1 2 0 5 , 7 5 1 , 5 1 3 1 , 2 5 7 , 0 9 2 1 8 . 4 - 5 1 , 5 I,/. 3 1 ,. 1 , 0 3 8 . 6 5 7 5 2 0 2 4 3 , 0 3 0 1 , 8 2 6 3 1 j 8 4 3 2 9 , 3 0 1 3 5 5 , 0 3 3 5 8 2 0 , 4 0 4 4 0 8 , 7 1 4 9 2 6 , 4 0 5 4 3 1 , 1 8 2 5 Federal Reserve Notes Outstanding, and in actual circulation. 5 7 , 6 1 2 3 JL M . 5 3 , 8 0 5 4 9 , 5 2 5 7 3 , 9 5 9 7 3 , 6 9 2 ■ ~ i Q . > ° 4 4 ---------3 , 5 3 . 0 . 3 1 9 , 4 8 1 7 0 , 4 2 9 3 7 0 , 2 6 , 4 5 0 , 2 6 7 0 X 1 4 6 , 5 , 7 1 4 5 9 5 5 , 1 1 5 , 3 3 . 8 5 8 4 8 1 0 1 3 9 7 , 1 7 4 , 9 8 3 1 3 1 , 2 3 6 4 9 , 3 5 6 . 2 . 5 5 4 5 , 3 4 9 l .W * 8 4 7 , 2 9 8 4 4 Distribution of Bills and Warrants by Maturities> * Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days 373,281 68,475 U3,o67 i&ri 8 509 98 147 , 0 0 5 4 46,915 5 1 , 5 4 4 4 4 - 6 ,4 - 7 1 Over 90 days 5,139 511 4 3 1 6 , 6 7 9 4 , 8 5 2 1 ,©36,620 6 6 . 0 3 5 972,585 Total 681,719 1,273
@FedFRASER