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STATEMENT FOR THE PRESS. Released f o r p u b l i c a t i o n Sunday m o m i n r , S n p t . 7 , 1913; n o t QEtrlior» St»581 F e d e r a l Reserve- Board, Sap t» 6_, 1919* CCITDIT'CCN OF 3ZI&RAL B3SER7B BANKS. F o l l o w i n g a p r a c t i c a l l y s t e a d y d e c l i n e i n g o l d r e s e r v e s s i n c e t h e removal on Juno 9 o f t h e g o l d embargo t h e F c u e r a l R e s e r v e bank s t a t e m e n t i s s u e d a s a t c l o s e of "business on S e p t e m b e r 3> f o r tho f i r s t t i n o ?.L.ow» a, f l i g h t g a i n i n gol d and t o t a l reserves, t h e amount of g o l d d e p o s i t e d d a r i n g t h e week by txio T r e a s u r y e x c e e d i n g t h e amount w i t h d r a w n f o r e x p o r t * The t o t a l g o l d r e s e r v e s shown a r e e x c l u s i v e of 1 0 7 . 1 m i l l i o n s of g o l d " i n t r a n s i t o r i n c u s t o d y i n f o r e i g n c o u n t r i e s , " t h e amount of g o l d r e c e i v e d i n p a y m e n t f o r f o o d s u p p l i e d t o t h e German Government* This gold, when r e c e i v e d a n d h o l d " e a r m a r k e d " f o r F e d e r a l R e s e r v e banks by t h e Bank of E n g l a n d , w i l l i n c r e a s e t h e g o l d r e s e r v e s of t h e F e d e r a l * R e s e r v e b a n k s a n d t h u s b r i n g a b o u t a r i s e in t h e i r reserve percentage» War p a p e r h o l d i n g s o f t h e R e s e r v e banks w e n t up 25*9 m i l l i o n s , t h o s e of o t h e r d i s c o u n t s 6* 4 m i l l i o n s , w h i l e a c c e p t a n c e s on h a n d show a d e c l i n e f o r the week of 8+5 m i l l i o n s . Not i n v e s t m e n t s i n T r e a s u r y c e r t i f i c a t e s a g g r e g a t e d 6 . 8 m i l l i o n s , i n c r e a s i n g the t o t a l h o l d i n g s t o 2 5 0 - 2 m i l l i o n s , e r a l R e s e r v e bank n o t e s i n c i r c u l a t i o n * a s a g a i n s t 22J> .*o m i l l i o n s of Fed- War p a p e r h o l d i n g s of t h e Chicago, S t * L o u i s , a n d M i n n e a p o l i s banks i n c l u d e 56*8 m i l l i o n s of b i l l s d i s c o u n t e d f o r o t h e r F e d e r a l R e s e r v e b a n k s , a s a g a i n s t 53*7 m i l l i o n s t h e week b e f o r e $ w h i l e a c c e p t a n c e h o l d i n g s o f t h e K a n s a s C i t y a n d San F r a n c i s c o b a n k s a r e i n c l u s i v e of 51*2 m i l l i o n s p u r c h a s e d f r o m o t h e r F e d e r a l R e s e r v e banks# Government d e p o s i t s a r e shown 4^6. m i l l i o n s a n d r e s e r v e d e p o s i t s 27*7 m i l l i o n s l a r g e r t h a n t h e week b e f o r e * On t h e o t h e r h a n d t h e " f l o a t " c a r r i e d by t h e R e s e r v e banks was 3 8 . 6 m i l l i o n s more» The r e s u l t i s s e e n i n a r e d u c t i o n of n o t d e p o s i t s by 5*7 m i l l i o n s . As a g a i n s t t h i s s l i g h t r e d u c t i o n F e d e r a l R e s e r v e n o t e s i n c i r c u l a r t i o n show an i n c r e a s e f o r t h e week o f 3 1 * 1 m i l l i o n s • banks a c c o r d i n g l y d e c l i n e d f r o m 50*7 t o 5 0 - 4 p e r c e n t . The r e s e r v e r a t i o of the R e l e a s e d , f o r p u b l i c a t i o n Sruiday m o r n i n g , September 7, 1513; earlier. 1919• S t . 5 8 0 a STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TYJELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTETvIBER A u g u s t 2Q, 1919 . S e p t e m b e r 6, 1 9 I S 1919 . , # 5 , R E S O U R C E S $ 243,238,000 $ 244,231,000 $303,228,000 G o l d c o i n and c e r t i f i c a t e s 542,310,000 563,640,000 496,531,000 Gold s e t t l e m e n t f u n d R* B o a r d 5,830,000 Gold w i t h f o r e i g n agencies 785, 548,000 807,871,000 885,529,000 T o t a l g o l d h e l d by b a n k s 1,172,168,000 1 , 1 4 2 , 589,000 1,087,760,000 Gold w i t h F e d e r a l Reserve Agents l o g . 3 3 6 . 0 0 0 1 1 6 . 5 2 8 . 0 0 0 43.634.000 Go? d r e d e m p t i o n f u n d $ 2 , 0 6 7 , 0 5 2 , 0 0 0 $ 2,066,788,000 2,016,983,000 Total geld reserves 69.818,000 69.188,000 53.511.000 Legal tender n o t e s , s i l v e r , e t c . 2,136,870,000 2 , 1 3 5 , 9 7 6 , 0 0 0 2 , 0 7 0,494,000 Total reserves 1,63 5,233,000 1,609,296,000 1,007,366,000 ( S e c u r e d "by Gov 1 1- war o b l i g a t i o n s 212,185,000 534.608,000 205,838,000 B i l l s disco-anted. other 354, 667.000 563.138.000 —21LlP_qt000 B i l l s b o u g h t i n open m a r k e t 2,202,085,000 2,178,272,000 1,775,740,000 T o t a l b i l l s on h a n d 27,096,000 27,096,000 29,768,000 U- S. Government b o n d s 198,000 197,000 U. S. Vic cury n o t e s 243,411,000 * 28,030,000 250,223,000 U . S . C e r t i f i c a t e s of i n d e b t e d n e s s 7' 5* .0 0 0 All other earning a s s e t s 2,448,977,000 1,833,613,000 2 , 4 7 9 , 6 0 1 , 0 0 0 Total earning a s s e t s 12,796,000 12,815,000 Bank p r e m i s e s 107,119,000 107. 1 1 9 , 0 0 0 Gold i n t r a n s i t or i n c u s t o d y i n f o r e i g n c o u n t r i e s 7oq.3q4.ooo 327.845.000 816,513,000 642,377,00© 934,964,000 U n c o l l e c t e d i t e m s and o t h e r d e d u c t i o n s from g r o s s d e p o s i t s 11,160,000 11,580,000 : .1,313,000 5/6 Be-icnp „ 1 on f u n d a g a i n s t F» R . b a n k n o t e s 9.995.000 12.076.000 All ether resources 5,^35,837,000 4,559,873,000 5,584,921,000 TOTAL RESOURCES L I A B I L I T I E S 84,926,000 78,359,000 84,996,000 Capital paid-in 81,087,000 1,134,000 81,087,000 Surplus 54,494,000 59,110,000 1 9 7,325,000 Government d e p o s i t s 1 , 7 5 7 , 6 4 1 , 0 0 0 1 , 4 6 5 ,102,000 1 , 7 2 9 , 9 5 0 , 0 0 0 Dae t o members - r e s e r v e a c c o u n t 643,194,000 4 6 1 ,64o,ooo 5 6 3 , 3 3 7 , 0 0 0 Deferred a v a i l a b i l i t y items iiq.q6o.ooo 98.479.000 9 9 , 1 5 6 . 0 0 0 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 2,559,081,000 2,446,310,000 2,244,027,000 Total gross deposits 2,611,697,000 2,580,629,000 2,180,679,000 p , R. n o t e s in a c t u a l c i r c u l a t i o n 223,565,000 219,815,000 23,964,000 F , R, b a n k n o t e s i n c i r c u l a t i o n , n e t l i a b i l i t y 24.495.000 23.070.000 31.710.000 All other l i a b i l i t i e s 5,584,921,000 5,435,837,000 4,559,873,000 TOTAL LIABILITIES * I n c l u d e s ono50.4 $ 50.7^ 54.7^ R a t i o of t o t a l r e s e r v e s t o n e t d e p o s i t and F . R . n o t e y c a r Treasury n o t e s l i a b i l i t i e s combined 6 0 . 1 fi 60.7% 69.20 R a t i o of g o l d r e s e r v e t o ? , R. n o t e s i n c i r c u l a t i o n a f t e r net deoosit l i a b i l i t i e s " a s i d e j>5^ R e l e a s e d f o r p u b l i c a t i o n Sunday m o r n i n g September J , I 9 I 9 ; n o t e a r l i e r . WEEKLY STATEMENT OF RESOURCES AM) INABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTEMBER 5 , I 9 I 9 R E S O U R C E S ( I n t h o u s a n d s of d o l l a r s . ) Boston YcrTt P h i l a , C l e v e . Richm. A t l a n t a C h i c a g o S t , L o u i s Minn. K a n s . C y . D a l l a s San F r a n . 1 5 6 , 5 0 2 BUlTdi^JSIed: 6Ul1 Total * 1 3 « ° , e o 6 210,543 6$,lift 65,504 445,891 88,777 78,794 84,114 38,240 158,945 2 . 1 3 M 7 0 6 7 2 , 0 7 0 1 7 5 , 9 7 4 114,897 75,143 77,635192,490 59,552 31,390 36,917 35,657 S e c u r e d Ly Government war Aiiai<h?ri!™-~LzZZZZZZZZZZZni2*?74' U . S . c e r t i f i c a t e s of i n d e b t e d n e s s - , g l , 4 j 6 aSSe S ° 187,833 Gold in ZZtiVZ'ircZll'to"' ^ ^ ^ t i o n f f ^ d g ^ " i i s t P O S i t S 1 , 7 6 4 " All other resources TOTAL RESOURCES 6 2 , S 9 7 *281 $7.351 27,181 21.402 2.995 12.979 34,835 17.068 864,673 222,213 184,846 107,467 110,684 296,834 103,815 5 , 9 9 4 202,567 2^240 410,349 1 , 7 5 7 , 1 8 2 500 875 . - 7 2 , 7 2 3 6 7 , 1 3 7 l|o6l 4 4 1 . 826 6 7 4 7 2 . '085 2 '936 . 33,146 105,857 660 339 691 9.50% 1 3 . 2 o 8 65,657 107,883 - 5i,4o41,635,233 6%700 9Z52O 250,223 6 6 , 6 5 1 161,0140 2 , 4 7 9 , 3 0 1 402 340 400 12,815 107,119 . - - . . 51,429 15,746 75,787 32,936 40,735 1I56Q 560 111 5S5 509 810 827,845 ^ ^ l l 427,825 465,160 241,222 210,833 854,706 246,018 160,658 269,439 139,149 362,380 5,584,921 (a) Includes b i l l s , discounted for other F.B.tmflks.vU.— . - - - 4l,Sl6 5,000 10,000 - - . 56,816 (b) Includes bankers' acceptances bought from other F.R.banks; Without t h e i r endorsement - - - 25,023 26,139 51,162 R e l e a s e ! f o r c u b l i c a t i o n Sunday m o r n i n g S e p t e m b e r 7, 191-9; n o t e a r l i e r St.^SUe WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTEMBER 5 , 1919« ( I n t h o u s a n d s of d o l l a r s . ) L I A B I L I T I E S B o s t o n New York P h i l a . C l e v e l . R i c h m . A t l a n t a C h i c a g o S t . L o u i s M i n n . K a n s - C y . D a l l a s San F r a n . T o t a l ^ " t o r ^ SedlS 5.896 Total gross deposits 170,7*3 : i$ i illiSiil SI iiliS i:S £FI i:l ili ii i:E VM kkjbz 6,854 6,297 3,736 9 3 0 , 4 ) 2 174,437 197,429 115,956 3,30t- 10.^1 4,049 76,882 350,397 1 1 3 , 6 3 4 2,237 3,678 3,0T0 6 8 , 2 7 0 145',?04 5,%22 39.136 75,761 135,256 2,559,081 ^1;.;;:;— : % tgi 11: -;-a a -•a *A •'& F R. notes in a c t u a l c i r c u l a t i o n - 20],986 TOTAL LIABILITIES - 758,794 212,86] 2)1,44g 107,702 114,807 444,845 108,532 F.R.notes i n actual circulation 93,7^4 48,417 207,387 2,011,697 410,349 1 , 7 9 7 , 1 8 2 4 2 7 , 8 2 5 4 6 5 , 1 6 0 2 4 1 , 2 2 2 2 1 0 , 8 3 3 8 5 4 , 7 0 6 2 4 6 , 0 1 8 1 6 0 , 6 5 8 269,439 1 3 9 , 1 4 9 3 6 2 , 3 2 0 5 , 5 8 4 , 9 2 1 C o n t i n g e n t l i a b i l i t y a s e n d o r s e r on D ii s c o u n t e d p a p e r r e d i s c co u n t e d w i t h other F.R, banks I: I::::: 79,191 , ^ 203,986 2 5 - 0 0 0 ^ 5>000 .. „ „ - 5,000 - 56,06 I0 11:^ g 11:% °:^ ^ S FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION. 7 5 8 , 7 9 4 212,863 231,449 107,702 114,807 444,845 108,532 79,191 93,724 48,417 207,387 2,611,697 DISTRIBUTION OF BILLS AND U . S . CERTIFICATES OF INDEBTEDNESS BY MATURITIES. W i t h i n 15 d a y s S £ « E "1:1 l 6 t o ^0 d a y s 'SI 31 t o 60 days 1:1 6 l t o 90 da;ys «° Over 90 d a y s lotal IS IS m R e l e a s e d f o r p u b l i c a t i o n Sunday m o r n i n g September 7 , 1919; n o t e a r l i e r , S t . 5SOd STATEMENT OF FEDERAL RESERVE AGERTS' ACCOUNTS AT CLOSE OF BUSINESS SiPTM/SBER 5 , 1919( I n t h o u s a n d s of d o l l a r s . ) Boston Hew York Phila, Clevel. Richm. A t l a n t a Chicago S t . L o u i s Mirm, K a n s . C y , D a l l a s S a n F r a n , Total ^ c ^ d ^ r ™ o ™ ! i i e r 374,701 1,738,800 ***,780 *02,960 2*o,6so 2*5,600 696,160 253,500 137,380 175,720 Returned to Comptroller 1*3,555 776,032 192,24? 128,69* 102,00* 231,1*6 9 6 2 , 7 6 8 252,533 27*, 266 1 3 8 , 6 7 6 1 7 7 , 0 6 2 * 9 3 , 6 0 6 1 * 7 , 7 8 6 9*.766 109,982 68,*86 23*,0S1 3,185,158 137,000 13,910 17,275 C h a r g e a b l e t o F . R. Agent — I n h a n d s of F . R . Agent 20,700 31,180 28,7*0 26,297 68,53% 2 0 2 , 5 5 * 58,786 20,200 85,71* 20,630 *2,6l* $5,738 9,6*0 108,200 32*,*60 5,122,9*1 39,71* 30,379 1,937,783 6 >700 391,05% I s s u e d t o F . R , b a n k l e s s amount r e d S p t L n ° - F - - R - - ™ - - - - 0 - - - - 210,**6 825,768 221,353 2*5,526 112,379 118,276 *73,*o6 127,156 80,856 100,3*2 5 1 , 2 1 1 2 2 7 , 3 8 1 2 , 7 9 * , 100 - 183,7*0 - 28,125 - 2,500 - - 13,052 - 8,831 - 60,000 17,919 13,856 13,11* 2,763 3,0*2 8,526 3,36l 2,708 3,225 3,282 1^> ^ 1 Gold s e t t l e m e n t f u n d - F. R.Board 15,858 90,000 61,389 90,000 25,000 36,000 268,185 52,931 16,800 38,360 5,18* 91,996 53*, 109 1 * 6 , 1 0 8 11*, 287 8*,6l6 7 6 , 7 3 * 196,695 70,86* *8,,g6_58J21 33^91* 80,856 100,3*2 5 1 , 2 1 1 2 2 7 , 3 8 1 2 , 7 9 * , 100 50,161 55,9^5 131,351 2,107f3^* COLLATERAL SECURITY FOR OUTSTANDING NOTES: - - - - - Gold redemption f u n d E l i g i b l e p a p e r , minimum r e q u i r e d 13*, 588 Totai 210,**6 825,768 221,353 2*5,526 112,379 118,276 *73,*06 127,156 DELIVERED TO F . R , AGENT 165,8*5 795r673 150,286 161,007 92,6*3- 52,328 257,*3* 78,86* 85,7^7 122 >' ^ S M W 29^763I'
@FedFRASER