The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATE.®!! FOR THE PRESS. CONDITION OF FEDERAL RESERVE BANKS, S u b s t a n t i a l a d d i t i o n s to b i l l h o l d i n g s , including both discounted and purcha.sed paper, accompanied by continued i n c r e a s e s in government and reserve deposit and i n n o t e c i r c u l a t i o n , are i n d i c a t e d by t h e F e d e r a l Reserve Board's weekly bank statement issued as a t close of business on Octooer 17, 1919' War paper holdings show an i n c r e a s e f o r the week of 2 6 . 1 m i l l i o n s , other d i s counts on hand went up 21.S m i l l i o n s , and acceptances — l 6 » l m i l l i o n s . Total war paper holdings of the Chicago and Minneapolis banks include 93*7 m i l l i o n s of paper discounted f o r other Federal Reserve banks, as against 50*3 m i l l i o n s the week before, while of the t o t a l acceptance holdings of the San Francisco bank 13-7 m i l l i o n s , as a g a i n s t about 11 m i l l i o n s the week b e f o r e , were b i l l s taken over irom other Federal Reserve banks. Treasury c e r t i f i c a t e s on hand i n c r e a s e d 1.9 m i l l i o n s , or 0-6 m i l l i o n l e s s than the increase in the banks' aggregate l i a b i l i t i e s on Federal Reserve bank: note c i r c u l a t i o n * Government d e p o s i t s show an increase f o r the week of 53 m i l l i o n s , members reserve deposits - an increase of 63.2 m i l l i o n s , other d e p o s i t s including f o r e i g n government c r e d i t s - an i n c r e a s e of ^»2 m i l l i o n s , and t h e " f l o a t Federal Reserve banks — an increase of.6S«7 m i l l i o n s . c a r r i e d by the Net d e p o s i t s f i g u r e out 5^*3 m i l l i o n s l a r g e r than t h e week before, and Federal Reserve note c i r c u l a t i o n shows a f u r t h e r growth of 10.9 m i l l i o n s . No m a t e r i a l changes are shown i n t h e d i s t r i b u t i o n of the gold h e l d abroad, while n e t gold withdrawals t o t a l e d aggregate cash r e s e r v e s declined by about the same amount. 2.9 m i l l i o n s , and As a r e s u l t , the banks' reserve r a t i o shows a f u r t h e r decline from U9«l to 48.3 P 6 r cent* Relf October , i c a t i o n SiLi. IQl^; not e c i r i i - r „ . „ 4a STATEViEI^T OF COMBlim) RESOURCES MD LIABILITIES OF TEE TWELVE FEDEE; L RESERVE BASICS AT CLOSE OF BUSINESS OCTOBER 17 , 1919. October 17, 1919 RESOURCES October 10, 1919 October 18*1918Gold coin and c e r t i f i c a t e s $245,485,000 $382,160,000 $251,93^,000 Gold s e t t l e m e n t f u n d - F„R. Board - - - - - - - - - - - - 496,904,000 4 i 6-,413,000 461,193,01-0 Gold w i t h f o r e i g n agencies - - - - - - - - - - - - - - - - 108,123,000 io6.qi7.ooo 5,829,000 Total gold h e l d by banks - - - - - - - - - - - - - - - 850,512,000 520,0b4,000 804,402,000 Gold w i t h Federal Reserve Agents - - - - - - - - - - - - 1,186,697,000 1,201,302,000 1,173,521,000 Gold redemption f u n d - - - - - - - - - - - - - - - - - - q4,nq.ooo 107.077.000 57,390,000 Total gold r e s e r v e s - - - - - - - - - - - - - - - - - - $2,128,443,000 $2,131,328,000 2,035,313,000 Legal tender n o t e s , s i l v e r , e t c . - - - - - - - - - - - - 70.742.000 70,772,000 52,372,000 Total r e s e r v e s - - - - - - - - - - - - - - - - - - - - 2,202,100,000 2,087,685,000 2,199,185,000 (Secured by Government war o b l i g a t i o n s - 1,698,885,000 1,672,797,000 1,262,757,000 Sills d i s c o u n t e d (All other - - - - - - - - - - - - 422,842,000 401,058,000 425,799,000 B i l l s bought i n open market - - - - - - - - - - - - - - - 342,938.000 326,852,000 370,136,000 Total b i l l s on hand - - - - - - - - - - - - - - - 2,464,665,000 2,058,692,000 2,400,707,000 U. S. Government bonds - - - - - - - - - - - - - - - - - 28,205,000 27,096,000 27,097,000 tL S. V ic to ry n o t e s - - - - - - - - - - - - - - - - - - - 87,ooo 133,000 U. S * C e r t i f i c a t e s of i nde ote one s s - — — _ — — — — — 26g,4i4 000 * 67,733,000 267,551,000 A l l other earning a s s e t s - - - - - - - - - - - - - - - - 197,000 2,761,263,000 T o t a l earning a s s e t s - - - - - - - - - - - - - - - - - 2,154,832,000 2^95,437,000 Bank premises - - - - - - - - - - - - - - - - - - - - - - 13,336,000 13,319,000 Gold in t r a n s i t or i n custody i n f o r e i g n c o u n t r i e s - - - 46,355,000 46,355,000 1.115.812.000 1,162,167,000 U n c o l l e c t e d items and other d e d u c t i o n s from gross d e p o s i t s 853,658,000 803,517,000 900,013,000 12,331,000 3,425,000 5fo Redemption f u n d a g a i n s t F.E. bank n o t e s - - - - - - - 12,636,000 x *7. -r-7 1 13.530.000 8,494,000 A l l other r e s o u r c e s - - - - - - - - - - - - - - - - - J » <vI 6,161,812,0uuv 5,832,049,000 5,063,2x1.uOu TOTAL RESOURCES L I A B I L I T I E S 85,54o,ooo 79,057,000 Capital paid-in - - - - - - - - - - - - - - - - - - - - 95,391,000 81,087,000 1,134,000 81,037,000 Surplus - - - - - - - - - - - 133,639,000 1 7 9,862,000 Government d e p o s i t s - - - - - - - - - - - - - - - - - - - - 80,067,000 i , s 4 i , 1 0 1 , 0 0 0 1,506,727,000 Due to members - r e s e r v e account 1 J 77,859,ooo 882,156,000 585,090,000 D e f e r r e d a v a i l a b i l i t y items - - - - - - - - - - - - - - 683,734,000 101.430.000 112,634,000 Other d e p o s i t s , i n c l u d i n g f o r e i g n government c r e d i t s - 97,203,000 2^4-319,000 2,958,326,000 T o t a l gross d e p o s i t s - - - - - - - - - - - - - - - - 2,643,863,000 2,502,488,000 2,752,569,000 2,741,684,000 * R * no Oo-S i n a c t u a l c i r c u l a t i o n - — — - — — — — 249,675,000 55,666,000 2^7,176,000 F. R. bank n o t e s in c i r c u l a t i o n - n e t l i a b i l i t y - - - 34,61S ,000 40,552,000 32,848.000 All other l i a b i l i t i e s - - - - - - - - - - - - - - - - - 6,161,812,000 5,063,216,000 5,832,049,000 TOTAL LIABILITIES R a t i o of t o t a l r e s e r v e s to n e t d e p o s i t and F.R. note 48-31= 5143s l i a b i l i t i e s combined - - - - - - - - - - - - - - - - 49.1$ Includes 1-year TreasR a t i o of gold reserves to F-R. n o t e s in c i r c u l a t i o n a f t e r 61.3% 57.1# 53-1'/. s e t t i n g a s i d e J3F a g a i n s t n e t d e p o s i t l i a b i l i t i e s ury n o t e s . R e l e a s e d f o r p u b l i c a t i o n Sunday morning, October JQ , 1919; n o t e a r l i e r . S t . 6^4b WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSIIJESS OCTOBER 17, I 9 1 9 . RESOURCES Boston New York E h i l a . C l e v e l . Richm. A t l a n t a Chicago St.Louis.Minn. Kans.Cy. Dallas San F r a n . T o t a l Gold c o i n and c e r t i f i c a t e s 7,489 160,809 1,018 15,321 2,2)2 7 , 8 0 1 24,213 3,050 8,275 l4g 7,o4l l4 556 2 5 1 954 Gold s e t t l e m e n t f u n d - F.R.Board 57,884 43,171 35,346 52,375 27,758 8,505 120,408 l 6 , 2 8 3 14,290 3 1 , 6 9 8 5 , 1 3 3 48,342 46l|193 ,r 12,[d) Gold w i t h f o r e i g n a g e n c i e s ~ "* ~FBF " """ "* " 02^ . ~ % c.887 .. 5,132 UWO 2,780 4.918 106.917 243,219 44,917 76,463 35,229 2 0 , 1 5 5 1 5 7 , 3 4 4 24,358 25,452 36,979 14,954 67,816 T o t a l g o l d h e l d by banks 73,17 S 820,064 284,4o6 78,795 133,120 40,786 4 9 , 6 1 9 2 8 2 , 1 2 8 66,857 37,823 35,233 21,497 100,656 1,201,302 Gold w i t h F e d e r a l Reserve Agents 70,352 24,872 10,007 . 737 7t6OO 6.139 19,836 6,080 17_. 281 5,520 Gold redemption f u n d 4,588 3,338 1.079 107.077 160,84l T o t a l gold r e s e r v e s 552,497 133,719 210,320 : 83,615 75,913 459,308 97,295 68,795 76, 800 39,789 169,551 2,125,443 191 53.374 239 903 Legal t e n d e r n o t e s , s i l v e r , e t c . 5,501 1.097 1.254 1.751 255 7Q.742 380 5,734 63. Total reserves 166,342 6 0 5 , 8 7 1 133,955 211,223 83,806 77,010 460,562 103,029 68,858 7 7,180 4 l , 5 4 o ^69,806 2,199,185 B i l l s discounted: Secured bv Government war o b l i g a t i o n s (a) 121,104 698,653 181,508 122,463 83,17s 71,530 179,599 5 6 , 9 6 6 37,203 53,524 38,129 55,028 1,695,885 All other 12,877 116,668 2 5 , o 6 l 24,960 18,013 35,923 46,155 2 6 , 0 5 9 21,823 48,645 2 3 , 6 7 7 22,981 422,842 B i l l s bought i n open market (b) _ L 5.07.5 85,315 618 36.24q 5.577 8.564 42.006 7.444 19.270 521 1.100 90! 203 142, ^18 T o t a l b i l l s on hand 180,059 900,636 207,187 183,663 l O o J b S 116,017 2o7,7b0 90,469 7 8 , 2 9 6 102,690 62,90b 168,2^4 2 , 4 6 4 , 6 b j U. S. Government bonds 539 1,257 1,355 1,094 1,234 375 4,477 1,153 116 8,868 3,966 2,633 27,097 w w U* S• Victory n o t e s 5 50 *— 5 ~ 2"jf — w 3*7 U. S. C e r t i f i c a t e s of indebtedness 21.670 72.465 29.182 24.714 11.360 14.464 39.872 17.099 8.914 12.36b 8.200 9.108 269.4l4 Total earning assets 202,273 974,4o8 237,754 209,471 1 1 9 , 3 6 2 1 3 0 , 8 6 1 3 1 2 , 1 0 9 108,721 87,353 1 2 3 , 9 2 4 75,07 2 179 , 955 2 , 7 6 1 , 2 6 3 Bank premises 2,211 3,99%500 890 463 4go 2,936 691 402 359 4oo 13,336 Gold i n t r a n s i t or i n custody in foreign countries ^6,355 — 45,355 U n c o l l e c t e d items and o t h e r deductions from gross d e p o s i t s 98,011 287,801 100,822 87,240 87,816 45,330 136,17 1 72,03 4 20,5^8 76,154 55,710 48,175 1.115,812 5% redemption f u n d a g a i n s t F,R. bank n o t e s 1,071 2jb9 1,450 1,086 375 699 1,944 635 334 892 511 563 12,331 All o t h e r r e s o u r c e s 318 5,286 1.37 1 749 939 911 1.220 624 162 51?. 5-12 927 13.530 - ri—T r TOTAL RESOURCES 4 7 0 , 2 2 6 1,926,484 475,855 510,659 2 9 2 , 7 6 1 2 5 5 , 3 0 1 914,942 285,734- 177,255 2 7 9 , 0 6 3 173,704 3 9 9 , 8 2 8 6 , 1 6 1 , 8 1 2 (a) I n c l u d e s b i l l s d i s c o u n t e d f o r o t h e r F.R. banks, v i z . - 43,720 5,000 53,720 (b) I n c l u d e s bankers 1 acceptances bought from, o t h e r F.R.banks: Without t h e i r endorsement - 13 , 668 13 , 665 Released f o r p u b l i c a t i o n Sunday morning, October 19, I919; not e a r l i e r . WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS AT CLOSE OF BUSINESS OCTOBER 17, I 9 I 9 . (In thousands of d o l l a r s * ) L I A B I L I T I E S Boston New York Phi l a . C l e v e l . Eichm. A t l a n t a Chicago St.Louis Minn. Kans.Cy. Dallas Capital paid-in 7,034 22,o4s 7,774 '9,419.. 4,317 3,436 12,07s 4,032 3,950 3,906 3,325 Surplus 5,206 32,922 5,311 5> 860 3,800 2,805 9,710 2,589 2,320 3,957 2,029 Government deposits 12,285 45,907 10,251 13,322 1, l 4 s 5 , 4 l 2 12,974 6,123 4j4l 7,159 4,250 Due t o members - r e s e r v e account 122,372 752,519 i-04,546 133,838 56,784 47,366 258,688 63,970 53,755 85,45 2 51,400 Deferred a v a i l a b i l i t y items 78,773 205,982 91,929 73,784 72,965 4 l J 1 5 102,967 59,308 18,409 5 9 , H I 38,570 All o t h e r deposits i n c l u d i n g f o r e i g n government c r e d i t s 5,682 43.878 6.275 6.153 3.63 6 2.7 18 11.350 3 . 651 2.197 1,638 2.128 T o t a l gross deposits F.R.notes i n a c t u a l c i r c u l a t i o n F.R.bahk n o t e s in c i r c u l a t i o n net l i a b i l i t y All other l i a b i l i t i e s TOTAL LIABILITIES 219,112 1,048,286 213,601 227,097 140,533 215,092 21,270 2,512 97,211 325,979 133,05 2 758,191 219,271 243,718 131,791 137,215 462,597 128,315 52,675 27,251 22,088 10,723 13,202 40,847 16,439 12.362 2.647 2.477 1.537 1.432 3,731 1.307 S t . 6$Uc San F r a n . T o t a l 5,121 85,540 4,578 81,027 10,067 133,639 1 1 0 , 4 l l 1,841,101 32,643 882,156 9.524 101.430 79,102 155,360 96,34s 162,645 2,958,326 83,979 7,758 96,490 17,578 61,143 214,767 2,752,569 9,731 10,053 ^ £75 I.0U6 1.772 1.128 2.664 34.615 470,226 1,926,484 475,855 510,659 292,761 255,301 914,942 285,734 177,255 279,063 173,704 399,828 6,161,212 Contingent l i a b i l i t y as endorser onDiscounted paper r e d i s c o u n t e d with other F . R. banks - - 19,410 - 10,000 9,060 - - - 15,250 - 53,720 INDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F. R. n o t e s outstanding F . R. notes h e l d by bank 227,569 12,477 842,682 232,002 258,068 136,692 l 4 l , 2 4 4 490,903 14-9,062 84.491 12.731 14.350 4.901 4.029 28.306 20.74? 25,499 102,740 1.520 6.250 63,591 240,080 2 $ 970,132 2>1|8 25 313 217.563 F , R. n o t e s in a c t u a l c i r c u l a t i o n 2 1 ^ 0 9 2 752,191 219,271 243,718 131,791 137,215 462,597 128,315 23,979 b l , l 4 3 2l4,767 2,752,569 96, 490 DISTRIBUTION OF BII-LS AND U.S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES. B i l l s discounted B i l l s bought in open market U* S . C e r t i f i c a t e s of Indebtedness Within 15 days 1,777,863 95,063 32,290 . l 6 to 30 days 109,132 59,44*3 4,999 3 1 t o 60 days 162,437 131,462 18,227 6 l t o 90 days 63,4-95 56,248 19,769 Over 90 days 8,800 722 194,129 , Total 2*121,727 342,938 269,4l4 Released f o r p u b l i c a t i o n Sunday morning, October 19, 1919, n ° t earlier« S t . 654d STATS/IENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS OCTOBER 17, 1919. (In thousands of d o l l a r s . ) Boston New York Phi l a . C l e v e l . " Richm. A t l a n t a Chicago S t . L o u i s Minn. Kansas Cy . D a l l a s San F r a n . T o t a l ScS'ved^fram^Comptr011 er 432,900 1,512,440 466, 860 4)4,060 271,260 263,960 759,080 264,120 l4$,4g0 186,020 126,820 348,620 5,511,620 Returned to Comptroller l6l.0"U S4q.758 2 1 2 , 6 9 8 . H l j ^ 1 2 _ 1 U ^ , 3 5 1 271,869 966,682 254,162 287,248 1*9,280 186,599 5 23,103 168,972- 98,129 H I 930 84,00b 245,480 3,357,460 124,000 20,415 Chargeable t o F . R. Agent In hands of F . R. Agent 44,300 22,l60 29,180 22,588 45,355 32,200 19,910 12,630 7 ^ 0 ^ ^ l l i ^ L ^ J ^ l 6 0 9,190 5,400 387,328 I s s u e d t o F . R. bank l e s s amount redemption° ^ 227,569 842,632 232,002 258,068 1 3 6 , 6 9 2 l 4 l } 244 490,903 1 u 9 , o 6 2 85,499 102,740 6 3 , 5 9 1 240,080 2,970,132 COLLATERAL SECURITY FOR OUTSTANDING NOTES; certificates - 183,7^ li,3S2 • 10,666 13,^)6 Gold Settlement fund - F.R.Boaxd 59,000 90,000 65,389 Gold redemption f u n d E l i g i b l e p a p e r , minimun r e q j i i r e 1 "57. 187 Total DELIVERED TO**F«'R. AGENT i r -30,125 j3^..gl6_T33,i 207, - 2,500 - 4,000 13,052 12,995 1,786 3,119 9,103 3,927 90,000 39,000 44,000 273,025 58,930 - 8,831 - 242,248 3,971 2,873 3, 182 15,539 91.949 20,800 32,360 9>S4 85,117 867,105 —2X556—91,625 208,775—82,205—k7,676—&±J:SR— 227,569 842,682 2 3 2 , 0 0 2 258,068 1 3 6 , ' 6 9 2 l 4 l f 2 ^ 490,903 1 ^ , 0 6 2 180,059 9 0 0 , 0 5 9 154,645 1 8 0 , 4 8 8 1 0 0 , 9 6 6 105,793 267,399 90,399 7 0 , 5 1 6 1 0 2 , 6 9 0 85,499 102,740 6 3 , 5 9 1 240,080 2,970,132 62,906 155,127 2,,.1,047
@FedFRASER