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STATEMENT FOR THE PRESS, Released for publication Sunday morning, l.o v . 2, 1919; not e a r l i e r , Beserve November 1 , 1919’ CONDITION OF FEDERAL RESERVE BANKS, Aggregate increases of 71-9 millions in bill holdings and of 58.1 millions in net deposits and a resulting decline of the reserve ratio from 4g.7 to 1+7-9 per cent are indicated by the Federal Reserve Board's weekly bank statement issued as at close of business on October 31» 1919* All classes of.bills show higher totals than the week before, war paper holdings - by about 15 millions, other discounts by 31*4 millions and bills purchased in the open market - by about 25.5 millions, fTar paper holdings of the Chicago bank include 28-9 millions of paper held under rediscount for other F. R. banks, as against U3 .I millions the week before, while acceptance noldings of the Cleveland, Chicago, St. Louis and San Francisco banks are inclusive of bills acquired from other F. R, barfcs. Treasury certificate holdings increased 0.7 million ,/though the circulation of F. R. bank notes, which are largely secured by these certificates, shows as increase for the week of 3*3 millions, Government deposits went up 16,5 millions, members' reserve deposits 19*9 millions, other deposits, including foreign government credits, fell off 1 million, while the "float" carried by the Reserve banks shows a diminution of 22.S millions. As a result, net deposits work out week's ,total. 58.1 millions in excess of the previous F. R, hoj:e circulation for the first time since July 25 sno,\» a decline■ ■for the week. Gold reserves fell off 8.6 millions, of which 3.1 millions represents a reduction in the amount held at the Bank of England, while total cash reserves declined about 9 millions* R e le a se d f o r p u b lic a tio n Sunday m orning, November 2, 1919; n o t e a r l i e r . STATEMENT OF COMBINED RESOURCES AND L IA B IL IT IE S OF THE Tv/ELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS OCTOBER 3 1 , October 2 *, 1919 R E S O U R C E S October 31, 1919 $ 2* 8, 375,000 Gold co in and c e r t i f i c a t e s -------------------------------------------- $254,027,000 Gold se ttlem e n t fund - F . R . B o a r d ----------------- --------------4-4!+, 126,000 *651 ^j>5 ,000 Gold w ith fo re ig n ag en cies -------------------------------------------129, 923,000 132 ', 983^000 T o ta l gold h e ld by b a n k s -------------------------------------------8 pK~07 o ,000 8*5,893,600 Gold w ith F e d e ra l Reserve Agents ----------------------------------- 1 ,2 0 ^ ,5 7 6 ,0 0 0 1 , 197 , 933,000 Gold redem ption f u n d ----------------------------------------- -----------1 0 *, 3 *8 ,0 0 0 101, 7/9,000 T o ta l g o ld re s e rv e s --------------------------------------------------$ 2 ,1 3 8 ,0 0 0 ,0 0 0 $ 2 ,1 * 6 ,6 0 5 ,0 0 0 Le g a l tender n o te s , s i l v e r , e tc - ----------------------------------67 . 592.000 67/356,000 2, 21*75oi,'000 2 , 205, 592,000 T o ta l r e s e r v e s ---------------------------------------------------------B i l l s d isco u nted (Secu red by Government war o b lig a tio n s — 1 ,6 8 1 ,0 8 2 ,0 0 0 1 ,6 6 6 ,0 5 5 ,0 0 0 * 16,08*,000 ( A l l o t h e r ------------------------------------------41+7,465,000 368, 8*6,000 B i l l s bought in open m a r k e t------------------------------------------3 9 *.3 5 5 .0 0 0 _ T o ta l b i l l s on h a n d --------------------------------------------------2 ,5 2 2 ,9 0 2 ,0 0 0 2 , * 50, 985,000 U . S . Government b o n d s ------------------------------------------------2 6 ,8 *5 ,0 0 0 27 , 095,000 U . S , V ic to r y notes --------------------------------------------------- — 84,000 86,000 U . S» c e r t i f ic a t e s o f in d e b te d n e ss-------------------------------27*, 325,000 273.525.000 A l l other ea rn in g a s s e ts ----------------------------------------------- ______ T o ta l e arn in g a s s e ts ------------------------------------------------2, 82* , 156,000 2, 751 , 751,000 13 .3 5 2 .0 0 0 Bank prem ises --------------------------------------------------------------13,357,000 Gold in t r a n s it or in custody in fo re ig n c o u n t r ie s --------1 9 ,2 *2 ,0 0 0 19, 2* 2,000 918,008,000 U n c o lle c te d item s and other deductions from g ro ss d e p o sits 855.795,000 875,037,000 93 7 .2 5 0 .0 0 0 12 . 571.000 % Redemption fund a g a in s t F .R * bank n o t e s --------------------13 , 333,000 A l l other r e s o u r c e s -----------------------------------------------------7 , 869,.000 9 ,1 3 9 ,0 0 0 5,938, 630,000 TOTAL RESOURCES---------------------------------------------------5 ,9 3 9 ,3 * * ,0 0 0 L I A B I L I T I E S C a p ita l p a id - in -----------------------------------------------------------86,013 ,000 85 . 863.000 S u rp lu s -------------------------------------- --------------------------------81,087 ,000 81.087.000 Government d e p o s it s --------------------------------- ■ -------------------1 0 0 ,* 65 ,000 83 , 98* . 000 Due to members - R eserve a c c o u n t----------------------------------- 1 ,8 3 3 ,* 8 1 ,0 0 0 1, 813, 563,000 D e fe rre d a v a i l a b i l i t y item s -----------------------------------------693 ,76 6,00 0 733,227,000 Other d e p o s its , in c lu d in g fo re ig n government c r e d it s ------q / .8 * 3 .0 0 0 98, 878,000 T o ta l g ro ss d e p o sits -------------------------------------------------2,725^555,000 2 . 729 . 652.000 2,75 2 ,8 7 6 ,0 0 0 F . R . notes in a c tu a l c ir c u la t io n — ------------------------------2,7 5 3 ,*5 7 ,0 0 0 F .R .b a n k no tes in 6ir c u la t io n - net l i a b i l i t y ----------------25*,933..000 251, 590,000 A l l other l i a b i l i t i e s — ---------------------------------------------------38,830.000 ___ 36,981,000 TOTAL L IA B IL IT IE S --------------------------------------------------5 ,9 3 9 ,3 ^ *,0 0 0 5 . 938. 630.000 R a tio o f t o t a l re s e rv e s to net d ep o sit and F .R . note l i a b i l i t i e s com bined----------------------------------------------------* 7 -9$ * In c lu d e s I- y e a r *8»7$> R a tio o f g old r e s e rv e s to F .R .n o te s in c ir c u la t io n a f t e r , ^ T re a su ry n o te s . 57 ^ s e t t in g a sid e 35^ a g a in st n e t d ep o sit l i a b i l i t i e s -------5 * /> S t . 677 a 1919 . November 1, I 9I S $383,833,000 * * 9 , 2* 8,000 __ 5,_?'-9iO_oo 838.910,000 1 ,1 * 9 ,8 5 9 ,0 0 0 63.)-»60,c00 2/032, 229,000 ___53,*56,000 2, ib‘5 , ofjTf’ooo 1, ?;2.90*,000 '193,0*9,000 _3T( .oCfyoo 2 , 12^ 019 000 29, *72,000 * 88, 750,000 _________ 35,000 2, 241, 276,000 6s * , 315,000 3 , 763,000 ___ 17 , 075,000 5 , 052, 11*,000 79, 360.000 1, 13*,000 249, 397.000 1 ,* 4 2 , * 93,000 5*3, 975.000 ill, 827.000 2,3^77 692,000 2,515, 504,000 63. 33^,000 ___ *5., 086^000 5 , 052 , 11^,000 50.*^ 60.6$ t st.Gfjb Released, for publication Sunday morning .N'ovtober 2, lyl-9; no* ecu: Her. ... n r n c ^0,--Toi'-e 51 30.iq i iiL Y or eecoueces apd liabilities oe the eedehal T z s n o m a & z x a, c l ° ^ ^ ■p'T’ C O l j ' ^ C E f ) (.Til uaiCUoiXxCLS 01 u.0.LXciXo*J Boston Sew York Phila. Clevel. Ridam. Atlanta C M c a ^ St Lads Kass.Qr. Dallas San I*an. | ^ a l , j? rra isfi 700 1 07K IS UOS 2 227 7*273 24, IbO £,7^7 S,2S2 lly U 0 2 d u f u(c> Gold coir; arid certificates -- - 8,003 15b,700 1,078 15,W5 2 2 ( 1 O 52iU**$el»«'81’T*3l* 6,288 23,677 W * , 126 Gold settlement fund - x ...- Board c.2,938 ^ ,o l3 » , b 2 , J ‘ £ jjfc. 6 106 ~5°S 6,236 3,378 5',977 129, 923. G otd-w ith foreign a g e n c ie s -------- — 27^+21— 2 7 ^ T ? T 3 ^ rT S 9 T O S T ^97732 2237^7 b I’tital gold held by banks--- -SO, f i, * £ 7 * ^ . l^ f^ fo ^ fb ^ fl 35,’ S® 21 6l5 10 1 526 1,205 576 sold with T. E v e n t s ------ -73. * 2 2, ,5 - 72.519 S3,3«o 41. g * 51,501282,^0 73 3^ 3 ^ f » ^ ^ at tJ ^ : ^ ; : : : : : : : : : : : i$t o Li : i r r f s rerv0 ese!:!- - - ":- ^ :::: Bills discounted: Secured fey Government war — 5s ltli5- T 357iii^^^T r s3- - 7s ^T ra o ^7^^^ _ ^ f i i S 1! ! ! . ^ . : : : : : : : : : : : : : " g .™ M & U. S. Government bonds-----U. S. Victory notes 2 5 H w « o ^ ^ g 539 Am »*♦*♦ ^ i . O 1* J) O ^ a ^ iv *g S Dnd u t u S df i o n r S j d ^ o s iS l - 62,703 5io Redemption fund against F. R. bank notes-----------A H otner resources-------- - 198,3*1 56,917 40,184 fQ-° g 5° . % **■ $ 25 9 56,99^ 1,681,082 $ $ $ 12,234 8.200 11,108 274,325 3^ ; 9?i ~ ~ 71. 53H 6lt,93>t 78,087 _ ~ _ _ _ . _ _ 19,242 1*1, 769102,131 60.X5 5 20,8lU 69.U73 W . S 86 Ho, 668 855,795 5l^ 655 ^ g92 1,072 2,8 9 l.U^O 1, 1*8 839 717 1,9=7 7fe ^ ° 7 . --- x» .. .......... ...... - -J~--- ----- — -- i- jL S --- -— —-- TOTAL resources_______________ 432,047 (a) Includes bills discounted for other E. R- banks, viz-(b) Includes bankers' acceptances bought from other F.R.banks: *9»2 33 7 & ^ ' ~ ^ , JJ 50 Gold in transit or in custody in foreign countries-------- , 74,192 ^ 13,333 ______ 2 S _____ L i§ 9 1, 845,947 447,487 487*968 298,232 256,633 889,210 278,875 170,443 274,844 165,950 391,708 5,939,344 - ~ ~ ~ ~ 10, 042 - - ,7 . 20,032 ^ ^ __ k _ _ 5,01*+ _ 28,948 10 T7S 45,864 R e le a se d f o r p u b lic a tio n Sunday morning, November 2, 1919 ; n o t e a r l i e r . S t.6 7 7 c TVEEKLT STATEMENT OF RESOURCES AND L IA B IL IT IE S OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS OCTOBER 31, I 9I 9 . ( I n thousands o f d o l l a r s .) • L I A B I L I T I E S Boston New Y o rk P h i l a . C le v e l. Richm . A t la n t a Chicago S t .L o u is M inn. K a n s .C y . D a lla s San F ra n . T o ta l C a p ita l p a i d - i n -----------------------7>10i 22,051 1 ,1 1 k 9 , 1+19 4,317 3 ,4 3 6 12,193 4,02b 3,049 3,931 3 , 39 s 5, 3 1 s 66,013 Surplus ---------------5>206 32,922 5,311 5,860 3,800 2,805 9,710 2,5S9 2,320 3,957 2,029 4 , 57s 81,087 Government d e p o s it s -----------------7,550 22,3*1 10,859 8, 27S 4,036 5,796 20,388 6,891 2,523 5,845 1,313 4 ,845 100,465 Dae to members - R eserve account- 113,833 756,343 108,770 129,912 60,663 49,888 250,636 63,337 52,427 82,894 54,431 110,297 1 ,8 ^ ,4 8 1 D e fe rre d a v a i l a b i l i t y i t e m s ------- 55,527 151,593 6 l , 2 l 4 60,411 70,274 34,245 S0,5S6 49,264 14,941 59,063 30,609 26,039 693,766 Other d e p o sits in c lu d in g fo re ig n government c r e d i t s -----------------— 6 , 735 41,937 6 r 593 6,008 3 ,5 8 5_____ 2 . 764 9,620 3.871 2.222 3 T565 1.945 8.998 9 7 ,8 4 3 T o ta l g ross d e p o s it s -------------- 183,495 F .R .n o te s in a c tu a l c ir c u la t io n — 212,096 F .R .b a n k notes in c ir c u la t io n n e t l i a b i l i t y ------------ ----------- 21,302 A l l o th e r l i a b i l i t i e s --------------- _ 2 ^84? 972 , a 4 187,436 204,609 138,558 92,693 361,230 123,36 3 750,71^ S l 6 , ^ 3 243,740 138^592 l 4 l ,976 460,397 130,760 54,1 32 13.913 27,753 21,569 11,262 14,064 2.920 2.771 1.703 1.659 41,320 4.360 16,749 1,3 8 8 72,113 151,367 83,848 7,919 1,194 « 88,298 150,179 95,571 61, 152217,736 1 8 ,0 4 2 9 ,8 8 1 1 ,1 9 2 1,976 2, 725,555 2, 752,876 10,940 2,957 ' ^ TOTAL LIABILITIES ------- 432,047 1,845,947 447,487 487,968 298,232 256,633 889,210 278,875 170,443 274, 8^4 165,950 391 , 70s Contingent l i a b i l i t y as endorser on D iscounted paper red isco u n te d w ith other F .R . banks --------- 254,933 3 8 ,8 8 0 r'K" ' -'' T 5 , 939,344 MEMORANDA _ _ 23,448 - 5 ,5 0 0 - ^ - - 28,948 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION. F . R . notes outstand ing ------------ 222,229 821,382 232,327 254,935 143,454 145,955 491,205 150,252 85,703 102,267 F . R , notes h e ld by b a n k ------------ 1 0 ,1 3-3______ 7 0 ,6 67 16,034 l i , l 9 5 4 .8 6 2 3.979 30,808 1 9 .4 9 2____1 , 855 6,696 F .R .n o te s in a c tu a l c ir c u la t io n 212,096 750,715 216,293 243,740 138,592 141,976 460,397 130,760 83,848 95,571 64,040 244,951 2,888 27,215 2 ,9 5 8 ,7 0 0 2 05 ,824 61, 152217,736 2, 752,876 DISTRIBUTION OF S IL L S AND U„ S . CERTIFICATES OF INDEBTEDNESS BY MATURITIES. B i l l s d is c o u n te d -----------------------B i l l s bought in open m arke t------.jJ * .S .c e r t if ic a t e s o f indeb tedness W ith in 15 days 1,770,521 53,577 20,067 lb to 30 days 103,418 90,740 6,499 31 to 60 days 143,943 159,53b 23,4$7 6l to 90 days 99,017 6u 502 121&55 O^er 90 days 11 648 - 211,607 T o ta l 2,1 2 8 ,5 4 7 354,3^5 274-^25 R e le a se d fo r p u b lic a tio n Sunday m orning, November 2,- 1919; e a r l ie r - S t.6 7 7 d STATEMENT OF FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS OCTOBER 31, 1919( I n thousands of d o l l a r s .) Boston New Yo rk P h i l a . C le v e l. Richm . A t la n t a Chicago S t .L o u is M inn. E a n s .C y . D a lla s San F r a n . T o ta l T^FTlTTT?AT NOTES* R ece ive d from C om ptroller _________ 442,280 1 .8 3 5 ,9**0 480,780 436,960 284,920 275,000 7 7 7 ,l6 0 265,980 l 4 5,4SO 186,820 131,740 357,120 5 ,6 2 0 ,1 8 0 R eturned to C o m p t ro lle r ----------168.171 Chargeable to F .R .A g e n t -------274,109 In hands of F . R . Agent --------- 51,^80 Issu e d to F -R . bank le s s amount re tu rn e d to F .R . Agent fo r re d e m p tio n ________________________ 222,229 COLLATERAL SECURITY' FOR OUTSTANDING NOTES: Gold co in and c e r t i f ic a t e s on h a n d ---------------------------------Gold redemption f u n d -------:------- 881,558 219,973 153,045 115,768 133,000 28,480 28,980 25, 698 4 8 ,565 3^,080 17,110 4g,097 76,343 *+3,695 107,269 2 ,2 4 1 ,8 9 2 96,323 110,477 10,680 88,045 249,851 3 ,3 7 8 ,2 8 8 8,210 24,005 , 821,382 232,327 25*S935 143,454 14.5,955 491,205 150,252 85,703 102,267 4 ,9 0 0 4 l9 ,5 & 8 64,o4o 244,951 2 , 953,700 ■ - 183,741 - 30,125 8,171 11,130 13,263 1,998 Gold settlem ent fund - F .R .B o a r d 6l ,000 90,000 61,389 90,000 40,000 E l i g i b l e paper - Minimum r e q u ir e d! Qg7 T o t a l ----------------------------------2?2 , 229 OF E L IG IB L E PAPER d e liv e re d to f . R . A ffl^ T ----------170,627 98 ,618 954 ,38 2 260,807 283,915 169,152 194,520 529,285 167,362 12,242 AM OUN T 80,480 247,875 S 7,9,470 2,500 2,501 - 4,0 0 0 13,052 8,831 - - 242,24$ 8,205 4 , 457 2,225 2,620 3 ,3 0 0 13,556 83 ,6 6 8 4 6 ,5 0 0 274,225 64,931 20,800 33,360 9 ,4 8 4 87,970 879,659 159,808 121,547 101,4^6 Q4r4s4 208,775 821,382 232,327 254,935 143,454 145,955 491,205 150,252 ^ , 917 , 5^6 i6 i,H 3 l ? 5 , 6o9 102,588 109,097 295,64s 87,208 7of S64 85,703 102,267 64,458 107,701 , 49 . 62.6.........6 JL 2 8 I_4 2 ,4.25 1 4 3 ,4 2 5 , 64,o4o 244,951 2 , 958,700 , _ 64,300 171,390 2,4 2 7 ,1 3 !- t. 678 STATEMENT FOR THE PRESS Released for publication Federal Reserve Board November- 1, 1919 Monday morning, Nov, 3. 1919 > not earlier. CONDITION OF MEMBER BAMS Liquidation in some volume of loans secured by U.S.war obligations and a further moderate reduction in the holdings of these obligations, offset, however, to a large extent by other loans and investments, are indicated in the Federal Reserve Board’ s weekly statement of condition on October 24 of 778 member banks in leading cities. Treas-ury certificates on hand show a decline of £0.2 millions, Victory notes a decline of 5*5 millions, while U.S. bonds, other than circulation bonds,went up 5*3 millions, largely at the New York City.banks. Loans secured by U.S.war obligations (so-called war paper), fell off 50*9 millions, the decline being more or less uniform all over the country. Loans secured by stocks and bonds show a further increase of 21.3 millions notwithstanding a reduction of 9,8 millions in this item reported for the New York City banks. The total of these loans, 3»1^2.4 millions, exceeds at present the aggregate of U.S. war obligations and war paper carried by the reporting banks. All other loans and investments, while 7*2 millions less at the New York City banks, show an aggregate increase of 43.1 millions for all reporting banks. Total holdings of Government war securities and war paper show a decline -from 3>l6S,6 to 3 ,097.3 millions and constitute 20.1 per cent of the total loans and in vestments of all reporting banks, as against 20.5 per cent the week before. For the New York city banks a decline in this ratio from 25*3 to 25«1 per cent may be noted. Net withdrawals of Government deposits aggregated about 44 millions, other demand deposits (net) increased 9*7 millions and time deposits - IS.4 millions. Reserve balances with F.R. banks fell off S.9 millions, while cash in vault in creased 4,6 millions. During the week the banks were able to reduce by ^ . 2 millions thair loan liabilities to the F.R, banks - as measured by the amount of their own notes discounted and customers' paper rediscounted with their Reserve Released for publication Monday morning, November 3, 1919; not earlier. S t .678a STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN LEADING CITIES. 1. Comparative data for all reporting banks.___________________ (In thousands of dollars.)_________________________ Oct.24, 1919 Oct. 17, 1919 July gj, 1919 Apr. 25,1919- Number of reporting banks-------------------- :----- -- 772 772 769 772 U. S, bonds to secure circulation ----------------------- 262,629 269,365 269,622 268,223 Other U- S. bonds including Liberty bonds----------------- 620,427 615,062 636,510 657,697 U. S. Victory notes-------------------------------- 300,393 305,266 353,751 U. S. certificates of indebtedness ---------------------- 925,264 945,549 296,625 2,046,352 Total U„ S. securities —--- ------------------------ 2, li4,77S 2,135,242 2, 156,568 2 , 972,272 Loans secured by U. S. bonds, e t c .---------------------- 1,251,171 1, 302,122 1,363,764 1 , 099, 29s Loans secured by stocks and bonds other than U.S. securities ----- 3,162,373 10,259,247 10, 264,007 All other loans and investments----------------------;-- 8, 897,620 3,141,116) ) 2, 254, 475) Reserve balances with F. R. bank------------- ---------- 1,327,175 1 , 396,123 1 , 312,281 1,232,o44 Cash in vault------------------------------------ 372,976 362,325 355,910 353,173 Net demand deposits------------------------- ------- 11, 163.121 11,153,523 10,543,056 10,209,754 Time deposits------------------------------------ 2,056,027 2, 037,682 1,729,774 1,717,342 432,216 422,804 4o5, 161 525,735 Bills payable with Federal Reserve bank------------------ 1 , 127,969 1,214,751 1, 100,624 l , 164,126 Bills rediscounted with Federal Reserve bank --------------- 466,253 489,349 340,096 .344,995 Ratio of U.S. war securities and war paper to total loans and invest ments, per cent --------------------------------- 20.1 20.5 22-6 26*5 Government deposits---------------- ,--------------- Released for publication Monday morning, November 3, 1919; no't earlier. STATEMENT SHOEING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BAMS IN LEADING CITIES. St.678b 2. Data for all reporting banks in each district, as at close of business October 24, 1919-_____________ (In thcrqsands of dollars.) __________ ~ ~ Boston New York Phila. Clevel. Ricbm. Atlanta Chicago St. Louis Minn- Kans.Cy. Dallas San Fran. Total No. reporting banks------46 112 56 89 82 kj 100 35 35 77 43 56 778 U.S.bonds to secure circulation- 14,023 48,046 11,262 41,851 25,921 14,01$ 20,900 17,154 7,120 14,467 19,323 34,605 268,689 Other U.S.incl. Liberty bonds — l6,004 2 8 2 ,7 2 2 30,044 62,693 37,5^6 28,351 ^7,075 1^727 12, 26s 24,324 20,873 43,720 620,427 u. s. Victory notes------10,034 126,579 15,971 29,827 15,096 11,683 52,465 7,545 5,113 10,971 4,607 10,507 300, 39s U.S.certificates of indebtedness 31.425 455,344 46.334 72,642 20.742 3 4 .1 5 2 108,841 21,221 25,354 27,023 27,721 54,465 9 2 5 ,2 6 4 Total u. s. securities---- 71,486 912,693 103,611 207,013 99,325 8S.201 229,281 6o,647 49,855 76,785 72,52^1^3,357 2,114,778 Loans secured by U.S.bonds,etc.- 50,029 687,845 153,428 104,054 3 8 , 9 8 6 25,79^ 97,797 28,838 14,339 21,044 6,327 22,690 1,251.171 Loans secured by stocks & bonds- 209,606 1,542,953 213,372 317,7^9 10S,637 46,945 3^0,256 l4l,6Sl 32,057 68,255 28,056 112,806 3,162,373 All other loans and investments- 655,839 3,214,233 475,206 786,169 327,^1 335,992 1,271,46 2 284,964 261,392 464,011 194,058 626,803 6,897,620 Reserve balances with F.R. bank- 81,281 687,972 76,333 87,960 36,963 32,647 176,816 42,069 25,189 49,316 24,736 65,873 1,387-175 Cash in vault----------25,264 127,388 17,164 32,259 17,868 14,468 68,815 10,936 9,5^1 1 5 ,^ 2 11,115 22,694 372,976 Net demand deposits ------- 791,611 5,137,054 674,864 611,109 3^7,120 276,815 1 , 322,449 322,058 258,663 452,395 208,811 560,032 11,163,181 Time deposits ----------- 121,586 426,411 22,518-309,995 94,950 119,393 461,891 104,889 58,302 83,420 31,428 219,304 2,056,087 Government deposits ---------------24,695 268,212 34,403 33,010 9,217 5,270 32,538 8,7 0 2 6,672 5 ,2 8 7 6 ,5 4 1 4 ,2 6 9 4 3 8 ,S l 6 Bills payable with F.R. bank- 18,884 5^9,^37 136,851 93,597 51,771 56,577 93,5^9 32,115 26,405 56,312 30,250 40,221 1 ,187,969 Bills redisc^tedjvithJ.R .b^__62J72___l63i4l0__271§47__3li981__17,06l__27,327____^»37^__20,156__20i784__241743_ _S|6l7__18,3Sl 466,653 3~ Comparative~data~for banks in Federal Reserve.bank and branch cities and all other reporting banks." ’ ~All-other~”” New York ChicagoAll F.R.bank cities F.R.branch cities reporting banks Oct.24-- Oct.17 Oct,24 0ct.l7 Oct.24 0ct„17 Oct.24 Oct.17 Oct.24-0ct,17 No. reporting baries-------------71 71 44 44 262 262 179 179 337 337 U.S. bonds to secure circulation ----38,351 38,526 1,439 1,^36 102,151 102,280 65,459 65,859 101,079 101,226 Other U.S.including Liberty bonds----252,492 247,928 14,638 14,169 359,297 35^,384 i34,4i6 134,911 126,714 125,767 U. s. Victory notes-------------111,011 112,514 24,6oo 26,029 175,630 179,819 64,629 64,633 59,939 6l,4l4 U.S. certificates of indebtedness----428,658 433,761 56,825 57,767 '644,971 660,442 165,333 168,806 114,960 116,301 Total U. S. securities--- ------830,512 832,729 97,502 9 9 ,^ 3 1,282,249 1,296,925 429,837 434,209 402,69 2 404,708 650,917 672,833 72,787 79,103 1,008,315 1 ,0 5 0 ,7 8 6 131,986 135,9^1 110*670 115,401 Loans secured by U .S . bonds, e t c .----Loans secured by stocks and bonds-----1,403,773 1,413,569 258,705 247,064 2,376, 5 0 6 2 , 366,836 391,347 387,207 39^,520 367,075 All other loans and investments ---- — 2,864,898 2,872,101 704,243 697,734 5,587,462 5,555,852 1,636,003 1,623,130 1,674,155 1 , 675,493 Reserve balances with F.R. bank-----651,630 653,452 123,108 125,971 1,036,945 1,042,183 175,175 184,575 175,055 169,365 Cash in v a u l t --------------------------------------113,682 109,466 39,600 40,023 21 6 , 516 212,982 64,592 66,304 9 1 ,668 89,099 Net demand deposits------------------------------- 4 , 700, 7 7 7 4 , 680,040 885,478 884,878 7,933,486 7,857,421 1 ,5 3 6 ,0 1 6 1 , 545,637 1 , 693,679 .1 , 710,465 Time deposits-----------------346,870 343,9^7 173,958 172,927 933,623 917,731 587,637 586,715 53^,827 533,242 Government deposits -------------264,953 293,100 22,332 24,0b3 373,188 411,082 37,873 41,799 27,755 29,923 Bills payable w ith F.R. bank -----------------494,197 500,174 41,433- 40,308 818,317 S41,q99 219,394 221,742 150,258 151,310 B i l l s re d isco u n te d w ith F . R . b a n k --------145,899 169,295 27,569 22,304 328,665 354,511 69,576 70,188 6 8 ,6 1 2 64,250 Ratio of U.S. wax securities and war paper to total loans and investments, per cent 25-1 25-3 14*9 15*8 21-3 21.$ I9.2 I9.5 l6.0 16.2 GOLD RECEIPTS AND DISBURSEMENTS OF EACH FEDERAL RESERVE BANK DURING WEEK ENDING OCTOBER 10, I919. CONFIDENTI A L (Figures do not include g,old received from or paid to another federal Reserve Bank.) St. 683 Not for publication___________ _____________________________ (In thousands of dollars.)___________________.____________________________ __________ 1 R E C E I P T S I * C re d its to deposit accounts 1 By » In exchange fo r F-, notes A ll « i fo re ig n 1 0th e r t From U*S* !tI*S»Governmeri t * ?Member 1 1 F r om 1 Other banks, 1 1 T o ta l f Government T members *in d iv id u a ls >e t c * 1 T o ta l * General A cco unt1 banks 1 T o ta l 1 ag encies 1 U. S . ' r e c e ip t s Eoston 1:50 309 309 97 32 10,029 10,029 24 47 1 , s4 s New York 11,924 23 — — 6 1 P h ila d e lp h ia 85 79 79 • 5 — • — 264 ‘ 48 C le ve lan d 191 191 25 73 4 4 Richmond 19 19 23 1,132 2 1,091 A t la n ta 39 1,093 39 4 6 254 • Chicago 231 231 13 17 54 54 S t . L o u is 54 94 94 4 16 110 M inneapolis 12 — 18 10 61 Kansas C it y IS 33 33 — 6 12 12 D ali, as S3 65 65 — — 12 s 430 13 289 289 San F ra n c isc o 13 1,608 10,023 1 ,0 9 4 11,123 T o ta l fo r System 212 1 ,9 9 3 14,729 1,271 125 f D I S B D S S E M E N T S T By » A ll In exchange f o r F . R , notes 1 ' 1 D e b its to deposit-, acco u nts ! 1 To U. S . « To fo re ig n 1 o th er ' 1 Other banks, 1 1 Member 1 T o ta l T U, S1Government 5 members 1in d iv id u a ls , e t c . 1 T o ta l 1 Government 1• banks 1 T o ta l 1 ag encies 1 N. S . ' D i sbur semen t s — — 24 58 230 24 230 312 Boston 8,054 5,246 5,246 11 2 ,4 4 2 2,424 291 New York 75 7 64 10 s 6s 10 s 6s 1,005 P h ila d e lp h ia 63 100 710 710 C le ve la n d 875 65 — ■500 1 1 46o 460 39 R ie te cn d — 28 6s bS 1 55S9 A t la n ta 1,^93 1,^93 600 94 1,473 Chicago 779 779 646 172 172 37 355 St., L c u is 66 66 66 M inneapolis 159 38 121 121 Kansas C it y 205 — 86 Us 21 50 4S 50 D a lla s — 3 . :>46 l ' , 6 l? . 86 1 .4 1 2 1,698 36 1 ,4 1 2 S.an F ra n c is c o 9,089 6,309 7/0 1,623 T o ta l fo r System 1,571 i s , 239 7,459 7 M o9 427 205 10,029 E x ce ss r e c e ip t s 1,498 3,510 6,188 770 7M l E x c e ss payments 5,715 FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS nc^'tber 4, 1919. RATIO OF RESERVES TO COMBINED FEDERAL RESERVE NOTE AND NET DEPOSIT LIABILITIES RATIO OF GOLD RESERVES TO F. R. NOTES IN ACTUAL CIRCULATION, AND OF GOLD AND LAWFUL MONEY RESERVES TO NET DEPOSIT LIABILITIES OF ALL FEDERAL RESERVE BANKS. C O N F I D E N T I A L Not for publication Ratio of total reserves to net deposit and F*R* note liabilities combined Oct,24-- Oct .31 Ratio of gold reserves to F.R.notes in actual circulation after setting aside 35$ against net deposit liabilities Oct. 2*1-- Oct.31 Ratio of gold and lawful money reserves to net deposits Oct. 24-- Oct, 31 St.GSk October 31, I919 Ratio of gold reserve* to F.R. notes in actual circulation. Oct. 24---Oct. 31 Boston 53.0 52.0 63.2 61.7 71+.6 71. 2. 40.9 4l.0 New York 44*1 41.6 53-3 48.2 1+7.2 .42-2 4l.O 40.9 Philadelphia 140,0 140.6 1+2.6 ^3-7 39.0 40.8 40.5 40.5 Cleveland 54.5 51+.0 64.5 64.8 55. 1+ 51.8 54.1 55.2 Richmond 47.0 48.8 52.1 54.8 74.1 7S.9 35»^ 35.7 Atlanta 1+1.6 • 1+0,7 1+3-9 1+2.8 45.1 42.2 4o .5 40.2 Chi cago 61. 8 61.2 76.0 76.0 56.6 53-5 64.5 65.6 St. Louis 55-7 57.1+ 65.0 68.2 49.7 51.8 58.4 60.X 45,3 1+8.1+ 51.1+ 56.6 44.9 53-4 45.4 45.3 Kansas City 42.1 1+1.8 1+7.5 1+7.6 43.2 1*2.2 41.3 41.4 Dallas 1+1.0 1+1.6 1+5. 1+ 46.3 41.5 43.2 40.7 40.5 San Francisco ^7.7 1+7.2 53-6 53-4 49.0 45.7 47-0 48.0 43.7 47.9 57.6 56.6 51.0 48.4 47.2 47.6 Minneapolis TOTAL • Federal reserve board DIVISION OF REPORTS .AND STATISTICS NOVEMBER 4, I919. r I S t.682 RATIO OF "FLOAT" OF EACH FEDERAL RESERVE BANK TO IMMEDIATELY AVAILABLE DEPOSITS. C O N F I D E N T I A L Not for publication Federal Re serve Bank Boston (In thousands of dollars.) Octooer 31, >1919 t t * f "FLOAT" '"Float" after adding net debit' "Float" after deducting National and F.R, bank * Ratio to 1 or deducting net credit in * notes, also net investment in transiers xrom Uncollected1 Deferred 1 second calculation Saturday’ s settlement ’ * items *availability* Amount' *immediately' 1 Ratio to immediately I ! •Ratio to immediately' * available * items * available deposits Amount 1 t | 1 Amount * available deposits 1 * deposits * Per cent Per cent Per cent 10,889 -8*5 11,126 8.7 5.6 55,52? 7,17$ 62,703 5.8 *7, 2*7 5.8 9*5- 12,120 9.6 *•7 5,5** 3*8 8,993 13.2 8,369 12.3 12-9 2,993 5*1 2,691 *.6 21,5*5 7*7 19,929 7-1 15,666 5*6 *9, 26* 11,191 15.1 11,230 15*2 10, 52* 1*.2 20,811+ i * ,9*l 5,873 10.3 5,3*8 9 .* 3,822 6.7 Kansas City 69, *73 59,063 10, *10 11*3 7,16 s 7.8 2,987 3*2 Dallas **,ss6 30,609 l*,277 2*. 7 13,353 23.1 7,305 12.7 S ati )JC Ui Tfc/^jicisco Jmi* C U i V * W V V 40,668 26,039 1**629 11.8 13,983 .. 11.3 6,S60 5*5 Total 85!+,019 693,766 160,253 7*9 7*9 13* ,02* 6.6 196,565 151,593 **,972 5.5 *7,2*7 Philadelphia 71,53* 61, 21* 10,320 8.2 12»0*5 Cleveland 6*, 93* 60,*11 *,523 3-1 6,838 Richmond 78,087 70,27* 7,813 11.* Atlanta *1,769 3*. 2*5 7,52* Chicago 102,131 80,586 St. Louis 60,1+55 Minneapolis New York FEDERAL RESERVE BOARD . DIVISION OF REPORTS AND STATISTICS NOVEMBER * , 1919 160,253 ' .... ........... . St.6S2a COMPOSITION OF UNCOLLECTED ITEMS AND DEFERRED AVAILABILITY ITEMS. « CON FI DE NTI AL TTKrnnT.T.F.flTRT) ITEMS 1 1 Checks'National Bank' 1 1 » Clearing' and * notes and 1 ' ' • House 'other •'bank notes of'Transfers’ All other ' Total 'Exchanges' cash * other * bought ’uncollected' 1 1items 1 f . R_ Banks ’ ' items ’ 1 Bank 2,176 20 17,501 6,746 Philadelphia 5,323 2,797 Cleveland 4,850 14 1,199 Richmond 3,563 157 624 Atlanta 3,504 23s 302 Chicago 7,126 St. Louis 3,27S Minneapolis Kansas City Boston New York Dallas San Francisco Total 237 - - f 1 ! ? 1 J f I i 1 1 1 Other 1 Gold ' Transfers 1 Government 1 * transit 1 ' transit sold Settlement ' » items ’ ' items 1 Suspense 1 t i 60,270 62,703 19,605 172,316 196,565 67,566 - 71,53*+ 21,530 5S.776 64,934 19,115 - - 73,7^3 7S,0S7 25,S0§ - - 37,725 4x ,769 4,600 - 95 f t 1 1 63 , 4x4 - 1 75 . Total 35,922 55,527 1,567 82,460 151,593 1,000 38,609 61,214- 2,909 38,387 6o,4xx 1,136 43,333 70,274 1,697 2 1 ,Ik s 34,245 929 49,444 SO,586 1,374 3,504 29,627 102,131 29,096 307 371 335 56,164 60,455 1 2 ,0 2 9 - 1,319 29,256 49,264 l,4o4 s6 55 1,471 17,792 20,8l4 5,563 - 392 8,986 14 , 91+1 1,119 471 312 3,269 63,702 69 >73 11,53^ - ^7,529 59,063 703 914 l4s 5,975 37, l1^ 44,886 2,5^3 2,235 110 326 6 ,7 9 2 ....30,599 4o , 66s 53,322 11,262 5,*48 761,220 254, 0x9 - FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS NOVEMBER 4, I 9X9 . October 31> 1919- (In thousands of dollars.) 22,047 .... ....... .2 ,0 9 3 ______ 239,3^7 i ,U 5 - 75 1,723 20,268 30,609 1 1,629 16.250 26,039 1,266 14,361 438,792 693,766 G 0- St.oSb iot for publication OPERATIONS OF BRANCHES OF FEDERAL RESERVE BASKS FOR THE MOUTH OF OPERATING EXPENSES * AVERAGE NUMBER AND AMOUNT 1_of^j5^s__ha:tdl; ® .BMLX(a) N am in g s B uffalo C in c in n a t i P i t t O0UT B altim ore Isev; O rle an s Birmingham Jacksonville D e tro it L o u isv ille s L i t t l e Rock Denver Omaha E l Paso Houston S e a t t le P o r t la n d $5,153 $ 1 1 ,9 7 8 7,237 10*, so6 9,734 1 3 ,9 3 6 §, 660 459,619 TOTAL Savannah 6,174 2 ,082 2,245 1 0 9 ,0 0 1 42, 224 7,014 4, 493 5 3 ,2 1 2 2 2 , 3 So 2 0 , 2oS 5,661 S.o4 11.12 $ 6 , 4 6 s ,302 1 5 .2 5 11.28 1 ^ ,9 7 5 ,5 5 3 7-51 7-07 5 .7 1 3,843 2.27 4 ,4 7 2 2 .6 4 3,434 9,470 5.60 6,291 2.43 2.81 4 .1 2 9 ,7 ^ 9 4 . JO 5.339 5,387 12,11 4 15 , o64 6,493 2.39 2.41 5-42 7-01 4 ,6 4 2 5.26 2.74 64,929 11,328 6.69 2 4 ,0 7 1 4 ,^ 4 ^ 7 ,7 9 9 9 ,5 2 S 5,613 4,933 3,953 4 ,630 4.61 9-31 35,022 17,774 3^ > 6,419 8,657 760 5.11 25,217 7,553 6 ,0 4 7 4 ,5 4 3 3 .3 3 2.71 2 .Q I 2 .03 6,634 3 .9 2 8,191 3-67 5 ,9 6 2 3-52 6 ,4 i6 6,364 3-12 6 .9 1 3 3 , 7 77 534,976 104,b5l 169,317 410 1 7 ,9 5 3 12,719 9,667 6,980 3.913 928 1 Amount 4.09 5.19 100. 1 5 ,1 7 9 223,475 2.87 6-79 100 . 8,549,90s 11,373,733 3 .7 7 5 .9 9 2 2, 495,535 1 ,2 5 2 ,9 7 3 4 , 8 4 1 , 000 2, 7 ;->5; c-^4 1 , 491,084 1 .1 3 3 .9 9 2 2,627,452 5 ,3 5 1 ,3 6 4 1 ,3 3 7 ,5 9 3 2 , 008,637 3 ,7 3 3 ,4 8 4 2 ,4 1 3 ,1 6 4 1 , 909,260 4 ,5 4 8 ,8 9 4 1 Due t 0 .tiead 1 \j2x i ce 1 (Average 1of F rid ay 1 n i& h t • 1i ^ur e 3 ) * ? t 0 . 3s 24, 8 m-0 S. 26 34,090 2,975 5,503 7,651 35,737 b a it Lake Ci cy Salar ie 3 * Total *Per cent 1 ’ Per cent •o f total 1 * of total ! f or 1 1 for 1 all fHumber* all ?branches 1 1branches CURRENCY R e c e iv e d * ? Shipped MBER, 1319. f 0 ther * dep osits 1 gross 1 (Average 1 o f F riday 1 n igh t ’ f i 0u r ss ) Average d a ily b ill h o ld in g s > « i » V olume of paper discounted ano. bought --__ $5, lof>, cog $ -,7 6 5 ,0 0 0 “I . ..... ...... 5 , 911,004 5 , 533,536 -— --__ — 14 , 562, SS 6 '21, 942,673 —— ——. — --5 , SOS,500 5 ,7 8 6 ,2 6 2 $43,884,032 (b )$ 7 1 ,2 8 1 ,0 0 1 ^,379,450 4 ,8 80,100 $5 ,2 3 8 ,3 2 3 22, 233,005 $16 , 148,530 3 7 ,2 0 3 ,6 6 4 — — 1 ,5 8 0 ,5 9 6 __ 3 ,1 3 3 ,5 0 0 — — 2 ,2 0 5 ,9 5 4 2,0 8 4 , oSjp __ —— — 1 3 ,4 7 4 ,9 5 0 8,4 4 8 ,OaO 4 4 , 5o2 , soo 3 0 ,7 7 0 , olO E l y1C'6, 400 8 , 328 , lv.4 14 , 908, 05s 1 1,924 , 132 1*9 , 6- 1,726 3 , 246,337 1 ,762,C 42 3 ,104,601 6 , 401 , 26b 13,977 ,390 8 , 017,164 15 ,3 0 1 ,9 6 6 3 C ,4 6 s , 113 1 , 02.6.031 2 ,4 8 2 ,215 5 , 456,163 6 ,5 5 7 , 717 6 ,3 1 3 ,3 '^0 1 1 ,^ 29,443 2 , 404,113 1 , 866,970 — 19 , 326,327 3,4-02,189 3 , 886,909 3 ,8 1 1 , 890 26, 333,705 16 , 964, C0^0 LO\J 4 0 ,4 2 1 ,7 3 9 1 , 601,557 2 ,4 9 7 ,6 5 0 9 9 1 ,1 7 9 l,1 5 7 ,5 2 o 0 , 123 ,£ 4 2 4 ,9 7 9 ,3 4 7 5 , b?4 , 770 5 ,5 9 9 , 522 1 33o5?324 3 ,4 2 6 ,7 0 5 2, 290,494 15 , 500,173 7 ,5 70,533 1 5 ,7 6 4 ,1 5 1 10,043 ,480 — 4 , 073 , *+93 I 5 , 08I , 500 2 , 476,795 3 ,6 7 5 ,0 0 0 1 , 869,966 3 ,2 3 5 ,3 0 0 16,824-, 2ji S — 2 , 056, S83 3 ,3 3 1 ,5 7 9 304, 30s 1 ,4 4 2 ,7 0 0 4 ,5 1 2 , 244 9 ,2 7 3 ,7 3 7 7 ,5 6 7 ,7 4 3 7 ,4 1 7 ,5 2 9 934,155 1 , 039, 250. I S , 7 3 8 ,4b0 14,995 , 433 22 , Sog, 25S 4 i ,4 6 l ,635 83 , 662,280 73,^ 55,813 88, 648,218 1 1 S ,046,774 222, 414,413 150 , 657,351 414, 770,165 235,000 1 , 331,000 ( a ) P e r io d August l 6 to September 15 , 1919 . (b ) Trarisferred to books of h ead o f f i c e or; day fo llo w in g discou-vc or p u rc h a se . GOLD RECEIPTS AND DISBURSEMENTS OF EACH FEDERAL RESERVE BANK DURING- THE WEEK ENDING OCTOBER 17, 1919 . St-690 (F ig u re s do not in c lu d e gold re c e iv e d from or p a id to another .fe d e ra l R eserve b a n k .) C O N F I D E N T I A L ____________________________________( i n thousands of d o l l a r s . ) _________________ Hot for publication R E i SI P A ll By C re d its to d ep o sit accounts notes In exchange fo r. F . o ther T o ta l fo re ig n Member U-S-Government Other banks, From •nror. r e c e ip t s N. S . a g en cies T o ta l banks T o ta l members in d iv id u a ls , e t c . Gcv .-nnent 1.791 1,577 214 70 1,577 121 Boston 23 5,251 346 4,841 4,841 64 34 1 29 New Yo rk 630 629 50 l 1 579 P h ila d e lp h ia 1 881 931 102 24 785 43 C levelan d 19 — 32 1 31 1 31 R i chmond 2,302 1,474 1,449 S2S 25 828 A tla n ta 4,438 21 4,410 766 3,644 7 Chicago 1 643 643 58 585 S t . Lo u is 28 216 259 186 30 10 M inneapolis 15 U07 — 58 397 10 10 339 Kansas C it y — 9b 16 53 37 43 D a lla s ^3 1 ;212 1,192 g4o 20 20 ...152 San F r anc-i s co 17,992 10,000_________ 6,350_____ lb j .350____________ r ____________ Y £ ________i-i 2aif.-_____ 1,246 146 Sys tern .35C A U .U± O D U H U Hj Jb A ll By D eb its to d e p o sit accjounts In exchange f o r F- E . notes o ther T o ta l fo re ig n Member u. s. To j Other banks, To TJ . SDi sh u rser.ent s 3 * ag en cies T o ta l banks Government T o ta l mez&ars Iin d iv id u a ls , e tc Govern..ant onh 12 12 116 116 Boston 6,372 283 434 — 4,693 962 4,693 10 New Yo rk 952 1,430 453 S5 85 95 797 P h ila d e lp h ia 797 100 791 97 594 C le ve lan d 59*+ r 479 5 s 6 0 415 415 Richmond r ■ 1,229 6 b ^3 1,180 1,180 A t la n ta l4l 767 15 6ll 611 Chicago 829 636 56 13? S t . L o u is 137 114 53 61 6l M inneapolis 189 35 57 97 Kansas C it y 97 2 42 133 42 31 58 D a lla s 58 ± , UOO ... 1,0 ^ «___ I ,W San F ra n c is c o 21,321 1,524 1,206 12,652 5.932 5.939 10 7 E x c e s s re c e ip ts E x ce ss payments________ l4c 4,103 . ... DIVISION OF REPORTS AND STATISTICS NOVEI TBER 6 , 1919* 7,443 11,406 9.993 418 10,4il 1,206 1,128 ..... 3,3?9______ EARMINGS EXPENSES, ANNUAL RATE OF NET EARNINGS TO AVERAGE PAID-IN CAPITAL, ALSO FISCAL AGENT DEPARTMENT DISBURSEMENTS AND AMOUNTS REIMBURSABLE FOR THE MONTH OF SEPTEMBER, 1919* C 0 IT F I D E N T I A L t F e d e ra l R eserve Bank 1 * T o ta l * e a rn in g s 1 1 1 1 C urrent 1 expenses 1 I E x c e s s of ! e a rn in g s 1 over 1 c u rre n t ! expenses 1 1 1 1 1 Average p a id - in c a p it a l fo r month S t .639 f !I 1 ^Amount re im b u rsa b le 1 D ividend 1 Annual ra te * Di,sbur semen ts ! S yp tember ]>Q, 1919 1 D ivid en d s ' * and 1 of net of Taccount F i s c a l Agent ' accrued 1 f e arn in g s oifi' •F is c a l T Department 1 during ' expense 1req u irem e n ts 1 c a p it a l 'Agemt Departmeii t 1 d i sbur semen ts 1 month $35,171 $159,235 P e r cent 37.3 $59, 25* $159,925 $629,460 $12* , 66* $504,796 $7,03*,000 2, 623,*09 367,775 2, 255, 63* 22,059,000 110, 29* *7S,Oo9 12* .* 160,920 1 ,9*1,061 P h ila d e lp h ia 707,226 102,211 605,015 7,757,000 32,787 1*0,998 9*‘9 39,*9* 422,89s C le ve la n d 621,130 2*,975 536,155 9,359,000 *6,792 131,773 69.7 52,**6 624,202 Richmond 3S3.302 63,915 319,327 * , 252,000 21,260 25,175 91.* 7,520 38,713 A t la n t a 323,0*3 61,986 321,057 3.372,000 16,859 72,8*5- 115. s 32, 6*8 217,10* 181,992 7*9,562 12,02*,000 60,120 2*2,112 75*9 212,997 1,172,797 - 3*3,*52 8*,296 259,162 * , 007,000 20,03* 10*,330 72-7 *1,826 399,027 M inneapo lis 241,066 41,007 200,659 3 , 052,000 15,261 56,268 80.0 3 3 ,7 2 * 125,739 K an sas C ity *36,133 21,5*7 35*.526 3,800,000 19,000 100, 5*7 H 3 .5 37,553 * 61,**9 Dallas 256,967 76,552 iso, *09 3 , 312,000 16,560 9 3 ,U 2 66.3 29, 21* * 26,992 San F ra n c is c o 607,390 82,51* 52*,876 5 , 050,000 2 5 ,2 *3 107,762 126.* ,.365 755,060 TOTAL, SEPT. 1919 s ,i6* , 7** 1 ,3 5 3 ,4 *0 6, 811,30* 25,072,000 *2 5 ,3 9 2 1 ,7 7 2 ,2 3 2 9 7 -* 748,281. 6, 750,967 TOTAL, SEPT. 191s 6,915,977 95*,052 5 , 961,925 78,80 2 ,000 39*,010 1 , 3* 8,062 90.8 1,1 50,653 7 , 509,410 Boston. New Yo rk Chi cago S t . L o u is 931,560 FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS NOVEMBER 6, 1919 • ....... a C O N F I D E N T I A L Not fo r p u b lic a tio n s t .694 EARNINGS and EXPENSES, ALSO BAT 10 OF NET EARNINGS TO AVERAGE PAID-IN CAPITAL, OF EACH FEDERAL RESERVE BANK, FOR THE NINE MONTHS ENDING SEPTEMBER 30, 1919* EARNINGS ______________ 1..BOSTON. ‘ NpT’L. I ® . 1.. PHIL A . 'CLEV EL. 1 B I CHM. .’ ATLANTA1 CHICAGO’ ST. LOUIS '1 MINN. 'KA N S.C Y.' DALLAS 1SAN-FRAN! TOTAL D iscounted o i l l s -------------a j j l , 00315762, d33 $365q , G3 < 5$ 396s , 205$g602, 233^ 179 , 44i $ 3085, 278$ 3,153, 245$ ? 74G, i 77 $3»si4 , 338 $3702, 49i$ 57 T 328, 839 42 , 7843 , 287,542 245,622 234,098 1,255,025 312,054 673, 13s 262,157 50 , 2513 ,876,666 9 , 029,879 Pm-chased b i l l s -------------- 623,791 3160,751 U .S , s e c u r i t i e s -------------- 250,120 3,405,282 326,801 301,889 119,459 150,852 495,462 224,243 160,363 276,4 0 4 156,594 166,956 4 ,0 4 2 ,4 2 5 M un icip al w a r r a n t s --------•— 25 35 T r a n s fe r s - net earning s 27,344 8,356 27,730 7,770 34,590 177,295 115,673 11^,252 Il4 ,2 p 2 573,610 D e fic ie n t re se rv e penalt ie s (in c lu d in g in t e r e s t ) 21,299 16,860 15,746 47,031 91,249 32,796 2 6 ,4 i6 36,021 17,813 65,415 58,010 46,169 474,825 26,4l6 58,010 46,169 — Sundry p r o f i t s --------------18,944 55,757 30,£06 10,184 13,651 5,732 26,925 13,741___ __2,S 83 3 ,1 1 2 287 181!423 2,883 13,741 T o ta l e a r n in g s -----------5 2 5 M 5 1 2^955^53 0,17 s , 2 j0 53I^ 7 ^ " 1 ^ 3 g ^ f c r |0 3 4 v15£ $070,999 # 7 9 *1 9 7 £050,032 ^ § 5 , l 6d " l i p . , Sb6~490b7821 71 ,,6317091 Assessment s^.cct* expenses 22,491 16,444 61,547 of F -R . B o a r d -------------45,619 134,045 37,652 45,394 19,301 15,517 15,517 F e d e ra l A d v iso ry Council (fe e s and tra v e lin g ex p e n se s)— —*--------------— 605 888 671 642 360 1,059 353 613 G overnorsI conferences (in c lu d in g tra v e lin g e x p e n s e s )----- -------------S3 ^82 225 137 327 23 23 359 F *R #A g en tsf conferences in c lu d in g tr a v e lin g , expenses)-— --------- -— 2Q 151 115 29 72 , 290 ^51,236 76 , W+ 115*763 S a la r ie s : Bank O f f ic e r s — 77*222 221,027 70*528 72,290 l 9Syo J'o,UUk 6 69,274 ^ f Zj U US,286 46,88b 70,529 115»763 C le r ic a l s t a f f - 405,976 3, 590,025 358,725 190,893 170,918 529,840 246,536 246,536 135,709 352,725 306,363 190,293 A l l o t h e r -------lb ,o 2 3 IS '(,Z J3 93,729 7,336 59,91^ 13,.5!3 13,913 100,985 21,975 2,749 2,5o0 16,875 2 ,749 1,850 2,315 2,038 3,525 & 2,880 D ir e c to r s ' f e e s -------------1,250 2,315 k .4,41l5 5 Tlirjptnro' per dies allo w an ce s------------------SJO 490 670 530 403 720 1,710 2,535 D ir e c t o r s 1 t r a v e lin g ex penses —*------------------- 2 , 3^2 2,123 1,4 1 4 904 915 1,436 2,215 1,477 2,5^7 Cost of F .R . cu rre n cy in clud ing m is c . charges account note is s u e s ----- 153,820 327,323 93,245 93,640 76,173 997,592 7 ,592 291,959 118,975 45,921 118,975 45,981 4-89,169 305,707 201,275 231,652 A l l other expens e s --------4 i6 ,5 i3 1,135,270 489,169 575,699 231> 652 575,699 274,857 274,857 118,681 T o ta l c u rre n t expenses -1 ,1 2 1 ,1 9 7 3,735: 22o 1 , 147,693 888,671 561,234 614,472 3,681,497 760,677 376,288 Net e a r n in g s --------------- 4 ,1 3 3 ,6 5 4 21,220,427 5,030,537 4454,357 38 ^6,952 3419,680 6,389,502 3,918,430 1, 673,744 R a tio of net earn in g s to average p a id - in c a p it a l., s d r cent 80.7 133-4 S7.7 6 4 .6 92.3 99,4 74-3 66.3 74.9 (a ) C re d it 21 , 35s 21,353 15,726 25,561 25,561 300 737 2,367 9 ,0 S 5 244 736 2,097 Ur1 656 204 65 s 477" ( a ) 26 dO,^79 60,479 233,196 233,196 544 1 ,0^6 4*723 560 972 1*.223 4,355 1,090 271*011 271,011 15,917 4,955 460,65' 97,255 97,2.55 1,024 *4 8 2 3*23,522 4 , 761 "814 323,522 p03 , h-28 10,962 22, o48 1 ,5 1 0 4,079 V .S s 'l 4,079 - 65,652 65,652 94,121 94,121 230,539 230,539 288,107 621,311 861,273 3752,213 1573,555 ^ 4 5 ,5 4 8 20,838 103,981 103,921 1 , 622,522 280,417 772,947 4 ,6 g 7 ,ss6 1 3 ,l4 2 ,4 g 6 5 8 ,488 ,605 98.1 65.1 112-3 9 4 .7 GOLD RECEIPTS AND DISBURSEMENTS OF EACH FEDERAL RESERVE BANK DURING ”EEK ELIDING OCTOBER 24, I 9I 9 . C O N F I D E N T I A L ( F i au re s £0 not in clu d e 6c ld re c e iv e d from or p a id to another F e d e ra l R eserve bank.]) S t .691 Not fo r p u b lic a t io n ___________________________________ ________________ ( I n thousands of d o l la r s .) ____________________________________________________ ___________________ ' R E C E I P T S ! By A ll 1 1 In exchan^,e fo r F , R :> notes r C re d its to dc^posit accounts t fo re ig n 1 other ' t From U. 3* 1 From 1 Other banks, 1 T o ta l r Td t S * Government1Member ! I Government 1 members 1in d iv id u a ls , e t c * 1 T o ta l r e c e ip t s ' 1General acco u n t1 banks 1 T o ta l * ag en cie s 1 IT. S . 2, 224 245 102 110 1,979 Boston 33 TX 470 10,470 10,000 New York 23 33 9,951 279 20,757 57 2,169 182 4 4 1152 2,3.55 P h ila d e lp h ia 2 • 6c 2,223 115 2 ,4 1 ? 115 C le ve lan d 17 77 b 6 19 1,329 Hichmond 1,35^ 19 54 976 2 ,1 1 8 X,0SS 1,088 A t la n ta 5^ 3,227 630 630 • 11 16 Chicago 3 , £90 IT 5 1,274 65 65 S t . Lo u is 1,339 — 16 16 6 M inneapolis 732 25 31 779 4 45 2S 28 Ul 1 ,3 7 4 1,301 Kansas Ciuy 889 182 2 1S2 705 D a lla s 1 ,2 4 7 1 16 305 30.5 San F ra n c isc o 17 1,569 12,066 167 300 U i } 0o5 2,066 220 10,000 T o ta l fo r System 1,536 27,113 1,199 1 DISBURSEMENTS 1 By 1 In exchanc,e f o r F . H* notes 1 D e b its to d ep o sit accounts 1 A ll ' » i To U. S . fo re ig n » o th er ' 1 Other banks, * T o ta l 1 To 1 IL S. *Member ! 1 Government 1 members 1in d iv id u a ls , e t c . 1 T o ta l Di sbur semen t s banks 1 T o ta l ' a^anCxes 11. S . ' r Government 1 245 2^5 76 Boston 33<3 17 17 10 1 , 49s 1,521 New York 74 7,531 385 13 5,551 5 ,551 84 262 — 1,211 825 825 ko 4o P h ila d e lp h ia 803 86 300 C levelan d 1+17 417 1 1 R i chmond 51 591 539 539 6 6 1,321 1,321 33 A t la n ta 1 ,3 6 5 500 —. 341 125 341 971 Chicago 5 5 49 812 932 S t* Lo u is 71 71 c0 81 M inneapolis 2 $ 5759 50 89 29 Kansas C ity 139 192 — 28 10 10 127 28' D a lla s 27 W 48 8,743 s 8,^45 99 51 2,5^5 S an F r an c i s co 43 IS 22,903 1,047 2 ,1 1 * 5,47^ T o ta l fo r System 15 14,175 • 14,175 5.<507 — E x ce ss re .'?i;o t3 E x c e ss payra-n^s 4.275 ESEIiVE BOARD DIVISION OF : m ‘0aTS AND STATISTICS NOVELS.“IP /• X93.9. 205 149 - - — 3,921 10,000 — . — 12,109 — . .. 2, 102. 26,060 - 1 ,8 7 4 18,162 - STATEMENT FOR THE PRESS, St. 695 F e d.STai e ra l R Xleserve Obt-XVO Board, Nov. S, 1919. Released for publication Sunday morning, Nov* 9> 1919» n°t earlier. CONDITION OF FEDERAL RESERVE BANKS. F u rth e r a d d itio n of over 100 m illio n s to the F e d e ra l R eserve ta n k s ' t o t a l h i l l h o ld in g s a ls o s u b s t a n t ia l in c re a s e s in re se rv e d e p o sits and F e d e ra l R eserve no^e c ir c u la t io n a re in d ic a te d by the F e d e ra l R eserve B o a rd 's w eekly bank statem ent issu e d as a t clo se of b u sin e ss on November J , 1919* War paper on hand went up 89 .9 m illio n s , the in c re a s e being even la r g e r a t the New York Reserve bank. The r i s e i s a t t r ib u t e d c h ie f ly to the demand f o r funds in connection w ith payments on B r i t i s h bond s u b s c r ip tio n s . Other d isc o u n ts f e l l o ff about 29 m illio n s , w h ile acceptances on hand show a g a in of 39-2 m illio n s . C onsider a b le in te rb a n k s h if t in g of acceptances i s noted, the C le v e la n d , Chicago and S t.L o u is hanks re p o rtin g la rg e in c re a s e s in t h e ir acceptance h o ld in g s as a r e s u lt of purchases from o th er F . R . banks, w h ile the acceptance h o ld in g s of the New Y o rk Bank d e clin e d about 31 m illio n s . On the o th er hand the amount of paper h e ld under re d isco u n t fo r other F . R . banks ( a l l h e ld by the Chicago b an k), shows a d e c lin e from 2 8.9 to 17.8 m illio n s . T re a su ry c e r t i f i c a t e s on hand d e c lin e d 1 .1 m illio n s , though the c ir c u la tio n of F . R . bank n o te s , w hich a re la r g e ly secured by these c e r t i f i c a t e s , went up about 2 .6 m illio n s . As a g a in s t a d ecrease of 36*8 m illio n s in Government d e p o s its , the statement in d ic a te s in c re a s e s of 7 3 . k m illio n s in re se rv e d e p o sits and of l6 - 5 m illio n s m the " f lo a t " c a r r ie d by the Reserve banks. As a r e s u lt n et d e p o sits show an in crease of about 20 m illio n s . The week saw a f u r t h e r d e c lin e of 1S.U m illio n s in gold r e s e r v e s , of I S . 2 m illio n s in t o t a l cash re s e rv e s and an in c re a se of c ir c u la t io n . 53.9 m illio n s in j . iu note The banks' re se rv e r a t io shows a d e c lin e from i+7'9 to U6,S per c e n t. Bo lo asad fo r p u b l ic a t i o n Sunday m o r n i n g November 3 , 1919; not e a r l i e r * S T A T M B J T OF C0L/IBI1TED RESOURCES AND L I A B I L I T I E S OF THE T17ELVE FEDERAL RESERVE BAKXS. R E S O U R C E S November 7 , 19^9 October 31 , 1913 Gold co in and c e r t i f i c a t e s $ 2 5 4 ,0 2 7 ,0 0 0 $2^ , 836,000 Geld sottlam ent f u n d - F . R , Board 4 4 4 .1 2 6 .0 0 0 *+29 , 429,000 Gold v/ith fo r e ig n a g o n c i 33 129 . 9 2 3 .0 0 0 127, l6 S ' 000 T o tal go ld .old by baruJB 3 2 8 ,0 7 6 ,0 0 0 801,1+30,000 G eld v/ith F e d e r a l Bosorvo Agents 1, 20 5, 5 7 6 , JOG 1 , 207 , 275.000 Gold redem ption fu n d 104. ^46.000 110 , 860. 000 To tal gold re serv es ?2, 138, 000,000 $2r115,565,000 Legal tender n o t e s , s i l v e r , etc* ____ 6 7 , 8 0 4 ,0 0 0 Total reserves 2,205,592,000 2 ,1 8 7 ,3 6 3 ,0 0 0 B ills d i s c o m t u d f c f 1^ * war o b lig a tio n s (A l l other B i l l s bought in open market Total b i l l s on h an d IL S\ Government bonds U . 3* V ic to ry notos U . 3v C e r t if i c a t e s o f Indobtodnoss A l l other e a r n in g assets T otal e arn in g assets Benk prem ises Gold in tr a n s it or in custody in fo r e ig n countries U h c o lle e te d items a n d ether deductions fro- gross deposits 5/*> Redemption f u n d a g a in st F , R . bank A l l other resources TOTAL RESOURCES L I A B I L I T I E S C ap ital p a i d in Surplus Government dep osits Duo to members, - Reserve a c c o m t D e fe rre d a v a i l a b i l i t y items Other de p o sits, in c lu d in g fo re ig n government ere‘J its T o tal gross de p o sits F* R„ notes in a c tu a l c ir c u la t io n F , R. bank no tes in c ir c u la t io n - net l i a b i l i t y A l l other l i a b i l i t i e s TOTAL L IA B IL IT IE S Ratio of t o t a l reserv es to n et deposit and F .R * note l i a b i l i t i e s combined of p l d . K■servos to ? .S .n o t o s i n c ir c u l a t i o n a fto r 31 u.e D ji3 a g a in s t not doposit l i a b i l i t i e s ■ m . me 1, 681, 082,000 447,465 , 000 __ 394, 355.000 1 ,7 7 1 ,0 2 8 ,0 0 0 418 ,4 6 1,00 0 *+53. 586. OOP 2, 623, 075,000 2 5 .8 4 6 .0 0 0 84, 000 2 7 3 .1 3 3 . 0 0 0 2, $ 23, 2 04 , 000 IS,242,000 12. 222.000 337 . 178.000 1 9 ,2 4 2 ,0 0 0 8 5 5 .7 9 5 .0 0 0 1 3 . 4 0 8 .0 0 0 8 .2 2 5 .0 0 0 6,osi,6o6,ooo 86. 267.000 63 , SS7 ,000 81. 087.000 100.4 6 5 .000 1,.^06, 867,000 739, 384,ooo 375, 037,000 13, 333,000 ___I, 363,000 5 ,9 3 3 ,3 ^ 4 ,0 0 0 8b , 013,000 81, 087,000 693. 766.000 97.843 .000 257 , 572,000 4 2 ,2 3 3 .0 0 0 6 . 081. 606.000 4 6 .8 $ 54 . $ November S, $ 336 , 437,000 !+35,452,000 5 . 8PQ , CuO 827,713, 000 1,ik j , o-+0, 000 ___ II0-!-o, 2, l oO ,859,OuG 1,3 16,367,000 480, 271,000 _IIi± ,i22^:0G 2,522,902,000 2,17-1. foG.w-uu 25; 473,000 26, 845,000 — o4 , GOG *91,956,000 27^,325,000 «23,000 2 , 324, 156,000 2,253,223,000 13, 357,000 - 1 ,8 3 3 ,4 8 1 ,0 0 0 2, 807, 688,000 2 .3 0 6 .7 5 3 .0 0 0 St * 695a 2 . 725 . 555.000 2 , 752 , 3 / 6,000 2 5 4 ,9 3 3 ,0 0 0 637, 46s,ooo 3,924, oou _ l£J3 Q.,090 5 ,1 0 4 ,2 4 4 ,0 0 0 7 3 ,3 2 4 ,0 0 0 i, 13*+, ooo lo O, 25o, C'OO i ,5^5,396, woo 527 , 796,000 n 4 tq4i.ooo 2 ,3 4 8 ,9 8 3 ,0 0 0 2 , 55 s , 196,000 60, s6 000 ___ 3sj; so, coo 4 7 , 2 3 7 .0 0 0 5 . 939 . 344.000 5 , 1 0 4 , 2 4 4 , uOG ^ Inclu ao s I- y o a r 49. 2;: T r oasury no 13 s » 4 7 . 9cp r ' . rS 'j O O/O 53-4^ 1913 f n r rm b lic a tio n Sunday m orning, November 9, 1919j not e a r l i e r . St.695^ W K L Y STATEMENT OF RESOURCES A M LIA B ILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS ^NOVEMBER 7> 1-919. R E S O U R C E S ( I n thousands of d o l la r s .) Fp A p ral R eserve bank o f Boston New Yo rk P h ila - C le v e l. Richm . A tla n ta Chicago S u .L o u is .vjinn. Kana_.Cy>. D alxa s San ^ ran. j.otd.1 — - *.131 M 1, 1* 19, 3 X7 2, 2S>* 7 , 9 « aU.rtfi 2,662 s M W 7,033 13 035 2*4,836 Gold settlement f u n d - B o a r d - J*. SgS 6l,|03 35,717 35. 3 ^ l(M g 1 ,.M 28 280 17 255 2 ^ ^ S o L i^ t S 7. £ Agents 1 ----- 71,035 ^ T o t a ^ S d ^ - s S S s ---___---Toiai gold ie8„ r « S>^ _ J.-J ^ T o t a ^ r e s e r v e s 8- - -----------------B i l l s discounted: 150 ’ Sbo ........127, 561* _____ 13 , ’Ag (hi- 62.622 1Ictal°oills on hand — -_______ ‘2037753 u. 1 U e i n ? b t S s ----53g . 1? - 285,365 5a; g>5 5687105 IJfa] ?52 1®,120 104,'976 ' ’ Q iqQ S?1 »lg5 5 « | , l62 2 g ,g > ®,33jj K . g o 755,212 186,560 111,733 84,580 63, 5^ 170,263 309,139 23,415 27,473 12.666 36,370 51,825 54,323 887 68,1102 6,^63 12,871 92,402 5587S7lT210,862 2077558 103.715 118,789 31.57436 1,257 1,385 844 1,234 375 4,477 235,109 5^ S eSJesn--^--?----------A U S i Z s o u r c e s -------- 1,072 313 2,867 total e eso o b c ss ______________ (a ) In c lu d e s b i l l s d isco u nted f o r o th er F.R.banks, v i z . --- 4s, 237 31,303 53,1*82 36,383 56,085 1 , 7 / 1,028 21,757 49,370 20,482 3 0 ,^ 8 ^ 18,544 21,137 **71 1,?05 33,353 ‘<33,586 88. 8x8 77,203 103 3 23 58,37b 180, 4/6 2,°23.075 M 53 2. s6f 3.366 2.632 26,84, 21,977 8,389 12,83_1 8 ^ 733 125:022 >*02 - - 5 ^ 0 0 _ 1 0 ,6 S 2 _ 2 7 3 J£5_ 70 ^ l g .T O 352 *KX) U , ^ - ~ jt - - 66,660 83, 1*22 36,885 37,158 6>*,769 20,891 71,352 53 , 63s >*3,921 1,1*50 1,150 667____ 166} 751 771 1,052_____ 211*, 2,111 317,936 636 1*02 957 51*6 655 13 , 1, 253_____ SIS--- ----- 52?--- 591--- 825.-- 1* 1,523 1 , 915.656 1*57,986 1*87,970 307,46s 255.653 837, 51*3 286,316 173,735 272,535 183,763 3 53,288 6 ,081, 6c6 -- (b) In c lu d e s 'bankers’ acceptances bought f r o * o th e r F .R .b a n k s : 1. 660 77,565 1,^7,275 63, 5^2 7^,36^ 5 S ,o fe 153, bo7 2, 127,365 21.1*36 74,708 23,215 24,125 H . 660 15.161* 39.705 17.084 ------ 225 7iU 1.031* 68- 2^ 232: 5 7 ^ 6 0 3 X3^333 3531678 107,055 Bank preTdses -----------1,0=2 3,33s* 500 883 1*63 503 2,330 631 Cold. m t r a n s it or in ou.oto.xy ^_ plip in fo re ig n c o u n t r i e s -----------19,242 _ _ _ - 62,562 25; sm. loKoiig « P ® 2 7^,036 56 ,;oo 153,375 2.1I3T5E5li 33!^ S0 J2S 1,7^8 232 67?8C4 2 367 61s ’ 135 136, 3^2 155 ,95 1 l 0 5 , i 7 i ~ S ^ 9 i<S ^35, ^ 7 112,893 ^"duotions^fi-o^rgross deposits-- 35; g - - - - 17,775 - _ - - _ - >I ID - C ^ - - - 25,0&5 - - *+5,034 15,01^ - ljb 5+ ^ Bel’ftisad. xo r p u b lic a tio n Sunday morning, i.ovemocr 5 . 1919; not e a r l i e r . „ Afn nrriC~ nl? w ,c T^ c . 7 ....... WEEKLY STATEHEST OF RESOURCES AS® L IA B IL IT IE S OF THE FEDERAL RESERVE BAWx^b AT CLOSE Oj; BU SI^ oo .<0 ^.IBKh. i , iq iq St.695^ ( I n thousands of d o l l a r s .) L I A B I L I T I E S ~ P =qp-.v p barOc-o^ S ^ p a i^ in __________ ™ _____________________ Boston 7,.101 5 , 20b h r ..-7 Government d e p o s it s --------------- 4, <xo Due to members - R eserve account 116,03c Deferred availability items-- 53,520 Other deposits including foreign Hew York P h i l a . C le v e l. 22,O K 7,77“ 3,420 32.522 5,311 5,sSp pi 7co p iq i c '<oq 6ub, 3 , 2 11;*, _>04 1 )0 , ;?06 157,333 68,333 58,327 Richm. 4,324 J.800 2 '5+7 7 ->■ o*f, /, o 7 4,137 A tla n ta Chicago S t .L o u is minn. X a n s.C y . D a lla s &ani:ran. 2 o ta l 5 , * 2 12.256 4,026 3,051 .. 3,935 3,410 f e ,« 7 2,805 5,710 2,5»S 2,3-*f ,C2? V i" « ,> ~ 7 3 lU5 6,c.77 3 -2^3 1 , 0tO “>,281 1, 1 ^ W w ’ cJ 6 4 - 0 0 5>-' *1 7S3 56 949 108,958 l.S 0 6 ,2 6 7 4o, y-,o d.j-rt , k , o , , l J r-K, n)^ h r ’ j-A 0= ^ 1 ' 7?32.547 Si,->5< 17,'-.3 * , 0 * 40, «S, ^ , g 2 a. IpU- 3,577 2,008 6,437____ 37,750 government c r e d i t s --------- -- zsz^Ld.-----—:----- f— --------- -- 1---—■ — ------------ - Igq oWx 1 030 5S 2 133,704 201,218 l4 4 t 84S jjt* » * T o ta l gross d e p o s i t s ------------ -Ltv , - r F .R . notes in a c tu a l c ir c u la t io n 215,598 f . r . bank notes i n c ir c u la t io n - A n eo t h e r 1 i i M i n i e n ____________ TOTAL L IA B IL I T I E S ___________ — 2 86,970 3 ^2, 478 126,033 75,120 146,668 102,167 l4 s ,5 2 6 2 ,8 0 7 ,6 8 5 7 63,700 213,870 246,543 1^1,365 150,373 467,103 135,580 6g 55,269 27,767 3^066 35~131 3 ,5 6 0 21,87$ 11,343 . lM 3 5 U l>2g5 16,552 83,363 37,363 7 , 56o 18,556 3 64,921 220,356 2 ,8 0 0 ,7 3 3 3,383 U ,? 7 5 , 257,372 ----- 4 4 i,5 8 3 1 , 913,636 457,986 487,370 307 , 468 253,65 3 837,543 286,316 173,735 272,533 183,763 333,283 6,0 3 1 ,606 MEMORANDA Contingent l i a b i l i t y as endorser on - Discounted paper re d isco u n te d w ith other F . R . banks ------ p24 422 f! r! S o S S l f by b a L " " I " - 8^ 2 4 F -R .n o te s in a c tu a l c ir c u la t io n 2 1 5 ,59S - 16,025 - - _ 1,750 _ _ 17,775 _ FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION. 835,225 231,855 260,623 146,221 154,756 488,380 154,418 85,806 102,385 67,300 248,286 3 , 000, 3 b7 fl,525 ^989 lU’ Qg6 ^ 856 ^ 377 ^ 277 lg‘ g3S 763,700 213,870 246,549 i4 i,3 6 5 150,37 9 467,103 135,580 ^ ^ 83,363 .. 37,363 64,321^220,3 ^ 2 ,u C o ,7 ^ DISTRIBUTION 07 B ILES AND U .S . CERTIFICATES OF INDEBTEDNESS BY 1,'IaTUPJTIeS. W ith in 15 days 1 7 01 ^ B i l l s d iscou nted -------------B i l l s bought in open m a r k e t ----U .S .c e r t i f i c a t e s of indebtedness l 6 to 30 days " ^ ’ 671 119 955 3 ^32 * l,C o o in ’ qos 1 0 ,* - L ,’ °>r 31 to 60 days 144,585 176> 4 5 ?? R07 22,507 6l to 90 days 18b , 561 8 o ,4 6 i 5 517 5,D±/ . Over 90 days 14, ^5d 77 213,111 ifo ^ g o d .lo ^ o . 4 3 3 ,5So 273,133 Released f o r p u b lic a t io n Sunday morning, November 9, 1919» no,t e a r l i e r . St«695<l STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS NOVEMBER 7, 1919* ( i n thousands o f d o l l a r s .) Boston F e d e ra l R eserve Agent a t New Yo rk P h ila - C le v e l. Richm* A tla n ta Chicago S t .L o u is Minn- Kans*Cy« D a lla s San Fran * T o ta l FEDERAL. RESERVE NOTES: R eceived from C o m p tro lle r 448,080 1,846,100 480,780 439,460 288,180 281,000 7S3.120 270,900 145,480 188,420 131,740 362,320 5.-665,330 Returned to C o m p tro lle r 172,377 Chargeable to F-R .A g en t 275,703 89^,275 523,241 155,971 117>501 81,794 254,700 100,672 951,825 257,539 283,489 170,679 199,206 528,420 170,228 25,680 22,860 24,458 44,450 4o,o4o 15,810 In hands of F* R . Agent 51,281 ll6 ,600 Issu ed to F .R . bank le s s amount re tu rn e d to F .R . Agent f o r redemption 224,422 835,225 231,859 260,629 146,221 154,756 488,380 154,418 77,975 44,510 108; 954 2 ..281,864 95,586 110,445 87,230 253,166 3,,383,516 49,894 9,780 7,460 85,806 102,985 19,330 4,900 382,649 67,900 24s ,266 3 ,000,867 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold co in and c e r t i f i c a t e s on hand — 183,740 - 26,125 - Gold redemption fund 14,035 16,625 12,862 12,837 2,265 Gold se ttle m e n t fund - F .R .B o a rd 57,000 85,000 68,389 80,000 48,000 E l i g ib le ■pacer - minimum re q u ire d 153,387 T o ta l AMOUNT OF E L IG IB L E PAPER DELIVERED to F . r , agent 238,248 4,000 13,052 8,381 2,403 1,428 2,989 4,486 11,871 93, 36s 49,000 271,224 62,931 20,800 32,860 12,484 87,971 875.659 85,084 __5Qx Z£6 67,136 42,099 148,424 1 .721,522 85,806 102,985 67,900 248,266 3 ,0 0 0 ,8 6 7 . . 6b , 941 103,323 53,376 169,921 2 ,5 3 0 ,7 8 1 2,500 3,186 549,860 150,608 141,667 . ...25:,.9.56. 100,070 208,775 224,422 835,225 231,859 260,629 146,221 154,756 488,380 154,418 203,735 957,794 172,900 189,520 , 99.551 105.631 314,343 88,746 - 8,831
@FedFRASER