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R e l e a s e d f o r p u b l i c a t i o n Sunday morning, A p r i l 27, 1915; n o t e a r l i e r . STATEMENT FOB THE PEESS S t . >50 A p r i l 26, 1919* I n c r e a s e d "borrowings "by member banks s e c u r e d by U.S. war . o b l i g a t i o n s and f u r t h e r g a i n s of g o l d by t h e E e s e r v e banks t h r o u g h d e p o s i t by t h e U n i t e d S t a t e s Treasu r y a r e i n d i c a t e d i n the F e d e r a l Reserve B o a r d ' s weekly bank s t a t e m e n t i s s u e d a s a t c l o s e of b u s i n e s s on A p r i l 25, 1919• The b a n k s r e p o r t a t o t a l i n c r e a s e of 39*7 m i l l i o n s of war p a p e r on band a s a g a i n s t n e t l i q u i d a t i o n of 11.6 m i l l i o n s of o t h e r d i s c o u n t s . About 9 1 m i l l i o n s of p a p e r i s h e l d a t p r e s e n t by 4 banks under d i s c o u n t f o r o t h e r F . R . banks, comp a r e d w i t h 98.6 m i l l i o n s t h e wedc Before. In a d d i t i o n 3 banks h o l d 7 *2 m i l l i o n s of a c c e p t a n c e s , a c q u i r e d f r c m o t h e r F.R. banks w i t h t h e i r endorsement, compared w i t h 1 0 . 1 m i l l i o n s so h e l d on 11.1 m i l l i o n s . A p r i l 12. Tbtal a c c e p t a n c e s on hand show a d e c l i n e of Treasury c e r t i f i c a t e s i n c r e a s e d about 2 . 5 m i l l i o n s , l a r g e l y the r e s u l t of the i s s u e to t h e Banks of 2 p e r c e n t c e r t i f i c a t e s to s e c u r e F e d e r a l Reserve bank n o t e s , t h e c i r c u l a t i o n of which i n c r e a s e d about 3 - 8 m i l l i o n s d u r i n g the week. Wet d e p o s i t s show an i n c r e a s e of over 17 m i l l i o n s , n o t w i t h s t a n d i n g the n e t w i t h d r a w a l of 14,8 m i l l i o n s of Government f u n d s r e p o r t e d f o r t h e week. Additions to the b a n k s ' c a s h r e s e r v e s t o t a l e d 9*3 m i l l i o n s , of which over 7 m i l l i o n s was g o l d . As t h e r e s u l t of t h e s e g a i n s t h e b a n k s ' r e s e r v e p e r c e n t a g e of 5 2 » I r e m a i n s unchanged, n o t w i t h s t a n d i n g the i n c r e a s e of over 17 m i l l i o n s i n n e t d e p o s i t s and of 5 . 8 m i l l i o n s i n F . R. n o t e c i r c u l a t i o n . Mainly a s t h e r e s u l t of admission of new members i n t h e Hew York, Cleveland, A t l a n t a and D a l l a s r e s e r v e d i s t r i c t s , $241,000 f o r t h e week. t h e c a p i t a l a c c o u n t shows an i n c r e a s e of Since t h e b e g i n n i n g of t h e y e a r t h e p a i d - i n c a p i t a l of t h e Reserve b a n k s h a s i n c r e a s e d by over 1 , 3 m i l l i o n s . St.350a R e l e a s e d f o r p u b l i c a t i o n Sunday morning A p r i l 27, 1919; n o t e a r l i e r . STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS APRIL 25, 1919. A p r i l 26, 1918 R E S 0 U'.B C E S APRIL 18, 1919 A p r i l 25, 1919 Gold c o i n and c e r t i f i c a t e s . $486,820,000 $340,022,000 $346,145,000 Gold S e t t l e m e n t Fund - F . R - Board 439 > 7 7 , 0 0 0 605,509,000 612,365,00. Gold w i t h f o r e i g n a g e n c i e s • . , 5 2 , 5 0 0 , 0 0 0 ... 978 , 797,000 T o t a l gold h e l d by banks 945,831,000 958,510,000 824,218,000 1,035,519,000 1,109,949,000 Gold w i t h F e d e r a l Reserve Agents 118,128,000 23,985,000 113.436,000 Gold Redemption Fund 2,162,157,000 1,827,000,000 2,169,216,000 T o t a l gold r e s e r v e s 63,945.000 68,702,000 70,936,000 Legal tender n o t e s , s i l v e r , e t c . 2,240,152,000 2,230,859,000 1,890,945,000 " Total reserves 642,429,000 1,720,960,000 1,760,672,000 B i l l s d i s c o u n t e d ( s e c u r e d b y G o v ' t , war o b l i g a t i o n s 201,314,000 259,314,000 189,740,000 (All other 302.344.000 185,822,000 196,885=000 B i l l s bought i n open m a r k e t 2,136,234,000 2 , 1 1 9 , 1 5 9 , 0 0 0 l,204,5SJ a Cp.0__ T o t a l b i l l s on hand 41,446,000 U.S.Government l o n g - t e r m s e c u r i t i e s 27,137,000 27,135,000 U.S.Government s h o r t - t e r m s e c u r i t i e s 189,038,000 191,501,000 37,407,000 2.722.000 All other earning a s s e t s Total earning a s s e t s 2,35M70,000 2,335,33^,000 1,236,162,000 10,574,000 10,558,000 Bank p r e m i s e s U n c o l l e c t e d i t e m s & 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 630,614,000 388,845,000 655,446,000 5fo Redemption Fund a g a i n s t F . R . bank n o t e s 8,454,000 8,176,000 528,000 All other resources 8.101.000 1 59.000 7,395,000 TOTAL RESOURCES 5,252,687,000 5,248,646,000 3,566,839,000 L I A B I L I T I E S 52,015,000 Capi t-al p a i d • i n 31,774,000 74,963,000 4o,466,000 49,466,000 Surplus 1,134,000 Government d e p o s i t s 91,726,000 106,561,000 130,663,000 Due t o members - Reserve a c c o u n t 1,664,320,000 1,655,360,000 1,497,416,000 Deferred a v a i l a b i l i t y items 491,605,000 496,788,000 235,174,000 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 g o v ' t , "credits 115.057 000 81 , 8 9 0 r 0 0 0 131.307.000 2,382,703,000 2,390,516,000 1,945,148,000 Total gross deposits F.R. notes in a c t u a l c i r c u l a t i o n 2 , 5 4 3 . 4 0 4 , 0 0 0 1,526,232,000 2,5^9,552,000 158,848,000 F . R , bank 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 155,074,000 7,395,000 30.098.000 28.112.000 11.467.000 All other l i a b i l i t i e s 5,252,687,000 TOTAL LIABILITIES 5,248,646,000 3,566,839,000 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 l i a b i l i t i e s combined 52.1 $ 52.1$ 61.3^ R a t i o of g o l d r e s e r v e s t o F . R . n o t e s i n c i r c u l a t i o n a f t e r s e t t i n g aside 35^ a g a i n s t n e t deposit l i a b i l i t i e s 63.3^ 63.8£ R e l e a s e d f o r p u b l i c a t i o n Sunday morning A p r i l 27, 1919; n o t e a r l i e r . WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS APRIL 25, 193-9 ( i n t h o u s a n d s of d o l l a r s , ) Boston Gold c o i n and c e r t i f i c a t e s 2,975 Gold S e t t l e m e n t F u n d - F-.R. Board 37>738 T o t a l g o l d h e l d by b a n k s — _40,713 Gold rath F e d e r a l Reserve Agents 60,405 . Gold redemption f u n d 11,4-92 T o t a l gold r e s e r v e s "112,blO Legal tender n o t e s , s i l v e r , e t c . 6 T 150 Total r e s e r v e s 112,760 B i l l s discounted: Secured by Government war o b l i g a t i o n s (a) 157,068 All other 5,376 B i l l s bought i n open m a r k e t (b) 9,694 T o t a l b i l l s on hand 172,138 U.S.Gov't, long-term s e c u r i t i e s 53-9 U.S.Gov't.short-term securities l6f7l6 T o t a l learning a s s e t s 189,393 Bank p r e m i s e s 800 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 deposits-•'.'•51,099 5/o Redemption f u n d a g a i n s t F.R. bank n o t e s 8lb All other resources 264 TOTAL RESOURCES 361, 1)2 St.350b R E S O U R C E S New York p h i l a . C l e v e l . Ricfrn. A t l a n t a Chicago S t - L o u i s I/linn. Kans.Cy. D a l l a s San F r a n . T o t a l 8,760 3 4 0 , 0 2 2 256,236 • 125 19,089 2,226 8 , 0 6 1 22,960 3,961 8,380 99 7 , 1 5 0 5 , 6 2 1 36,606 605,809 1 8 9 , 5 0 1 42,122 5 6 , 2 ^ 2 24,119 1 2 , 0 6 1 1 1 5 , 2 6 1 2 5 , 2 1 1 27,792 3 3 , 5 3 5 45 366 1 2 , 7 7 1 "9457831" 445,737 42,247 7 5 , 3 3 1 26,345 20,122 138,221 29 1 ^ 1 7 2 33 , 634 28,207 • 3 5 , 6 I 4 16,789 i 0 7 > d T i " l O ^ ^ S " 276,335 76,069 138,796 31,515 43/699 255,723 40 2,185 113,436 2,512 25,000 7,636 844 11,086 4,60 3 3 0 , 9 5 7 5 ,873 7,728 3,520 7 4 7 , 0 7 2 125,952 2 1 4 , 9 7 1 6 g f g 4 6 6 8 , 4 2 4 4 2 4 , 9 0 1 75 ,438 67,899 75,976 32,072 154,955 2, l b 9 , 2 l b 54,539 ; 643 1.302 543 1.348 1.321 2 ,2Z9_ J2Z 70,316J2._ _W_ JL2%5_ 801,611 126,595 216,273 69,489 69,772 426,222 77,717 67,971 76,113 34,347 155,282 2,240^152 685,022 182,I69 122,102 9 1 , 1 3 8 7 0 , 6 8 2 195,872 24,045 9,501 5,935 11,692 11,474 16,510 826 21.254 7 , 4 7 4 24 f 556 46,901 7 5 5 , 9 7 0 192,49b 149,291 110,304 87,869 1,305 1,385 68.821 17.276 826,096 211,157 500 3,372 157,974 64,377 1,234 5-Jb0 1,083 15.498 165,872 875 116,898 312 50,794 41,799 71,774 9,074 J-^16. 86,824 1,153 37,705 9,552 18,781 66,038 11.068 ll6 8,824 74,978 30,512 .77,437 4i,034 13,580 377 8,974 97,220 217 19.612 261,026 2,936 101,045 541 2 6 , 3 5 0 7 8 , 4 2 1 1,760,672 189,740 2 8 , 5 9 1 15,135 _J,_S13_ J&55a. 185.^5225 6 , 7 5 4 132,115 2 , 1 3 6 , 2 3 4 8,867 3 , 9 6 7 2,633 27,135 - 6 * 4 1 9 - 4,900 23-l^OL 104,843 65,621 1 4 0 , 7 2 1 2 , 3 5 4 , 8 7 0 4oo 4oo 10,574 221 42,369 42,855 4,273.. 89,497 49,065 27,173 25,77 0 630,6l4 8,176 34s 211 689 1,266 358 487 660 1,027 si4 104 _Woi_ ML. JZL 1,792,735 404,468 435,093 229,659 198,395 769,614 221,128 156,911 231,624 128,37 0 3 23 , 558 5,252,687 1,836 1.846 850 989 423 251 827 65 > 5 2 (c)l,Q96 ME H 0 R AN DA (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 other F.R.banks, viz (b) I n c l u d e s b a n k e r s ' a c c e p t a n c e s bought f r o m o t h e r F . R . banks With t h e i r endorsement r i t f c o u t t h e i r endorsement— 10,000 20,000 6,718 254 (c) I n c l u d e s Government o v e r d r a f t of $64o,000. - - 10.000 50,964 90,964 187 3,796 - S,071. 14,603 7,159 26,380 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 A p r i l 27, 1919; n o t e a r l i e r . WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS APRIL 25, 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 Boston New York p h i l a - C l e v e l 6,793 21,099 7 , 5 5 5 9 , 2 2 5 2,996 21,117 2,605 3 , 5 5 2 11,152 23,159 5,904 8,835 101,912 702,530 103,265 124,55% 40,800 118,009 56,15 1 4 l , U 0 2 * 122,422 655 327 1 5 ^ 9 9 ^ 7 * 5 0 168,978 1 7 5 , 1 2 1 Capital paid-in * Surplus Government d e p o s i t s Due t o m e m b e r s - R e s e r v e a c c o u n t Deferred a v a i l a b i l i t y items All other deposits Total gross deposits — F,33,notes i n a c t u a l c i r c u l a t i o n 177,737 735,512 206,593 F.R.bank notes in c i r c u l a tion - net l i a b i l i t y lb,010 3 4 , 7 7 5 16,276 10,482 2,428 All other l i a b i l i t i e s 3,057 TOTAL LIABILITIES — 3 b i , 132 l , 7 9 2 , 7 3 " 5 ^ 0 4 , 4 b 8 St-350c I E S Richm. A t l a n t a Chicago S t . L o u i s Minn - Kans-Cy- Dalla.s Saxi Fran- T o t a l 4,18% 3,236 i l , 4 o 4 3,825 2,977 3,749 3,233 4 702 52,015 '*2,196 1,510 6 , 4 l 6 1,603 1 , 4 1 5 2,421 1,154 2,44g 4g,466 l , 6 s 6 l4,b03 5,961 2,074 4,923 5,985 4,351 91,72b 5 2 , 9 4 2 4 4 , 3 8 1 231,043 5 9 , 7 5 9 4 8 , 3 3 4 7 1 , 4 6 8 3 9 , 5 9 5 83,907 1 , 6 6 4 , 3 2 0 3 5 , 1 9 0 22,628 5 4 , 1 5 4 3 3 , 4 3 5 8,897 3 4 , 9 1 3 22,459 2 0 , 5 3 4 4gi,o05 50 232 1,924 327 4o6 579 63 7,124 135,057 91,152" 65,927 ^ 0 1 , 7 5 ^ 3 9 , 5 1 5 5 9 , 7 1 1 112,153 b 8 , 4 0 2 115,94b 2 , 3 * 2 , 7 0 5 230,595 125,391 115,333 426,455 104,095 56,481 95,420 47,725 191,912 2,549,552 , r , 5,246 8,282 20,813 11,014 5 , 5 1 1 13,170 6 , 6 6 6 6,495 155,848 2,010 1,460 1,107 2,772 1,073 816 1,681 1,157 2,055 30,095 435,093 229,659 195,395 7 6 9 , 6 1 4 2 2 1 , 1 2 8 1 5 ^ 3 1 1 231,624 128,3 7 0 3 23 7555 5 , 2 5 2 , 6 8 7 14,590 MEMORANDA 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 Discounted paper rediscounted , with other F.R.banks k l S ^ n k e r s ' a c c e p t a n c e s s o l d to o t h e r F , R. banks 7,159 ~ _ 29,496 - - — - 25,000 - - - - - 10,000 - . . . 26,468 - — - 90,964 7,159 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F. h. notes outstanding F . r . n o t e s h e l d by bank f,r.notes in actual circulation 184,172 6,435 "1777737 8i4,163 216,536 24i,063 129,505 119,319 452,418 118,528 87,973 1 0 3 , 6 i r 49,184 215,928 2,732,403 75,351 9,943 1 0 , 4 6 8 4,117 3 , 9 5 6 25,963 14,433 1,492 5 , 1 9 1 l > 5 b 24,016 182,851 73s,812 206,593 230,595 125,391 115,333 426,455'104,095 86,481 98,420 . 4?,728 191,912 2,549,552 DISTRIBUTION OF BILLS AND U-S-GOVEEM.IEFT SHORT TERM SECURITIES BY MATURITIES. Within 15 days l 6 t o 30 days 3 1 t o 60 days 6 l t o r§0 days B i l l s discounted l,<Mte6 74,823 f0,|£ • Over 90 days T o t a l ®'5£>7 St.350d R e l e a s e d f o r p u b l i c a t i o n Sunday morning A p r i l 27, 1919; not e a r l i e r . STATEMENT OF FEDERAL HE SERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS APRIL 25, 1919' ( i n thousands of d o l l a r s . ) Boston New York p h i l a » C l e v e l . Richn. A t l a n t a FEDERAL RESERVE NOTES: Received from Comptroller 302,640 1,479,980 352,820 ^ 3 , 0 2 0 222,220 219,000 Returned to Comptroller 91,008 522,217 116,924 72.137 6 4 , 2 5 2 4 1 . 8 8 1 Chargeable to F. R, Agent — 211,632 957,763 235,296 270,883 157,96s 177,119 In hands of F-R.Agent 27,460 3,43,600 19,360 29,820 28,460 57,800 I s s u e d t o F.R.bank l e s s amount returned to F.R, Agent f o r r 0 demp t i 011 ————————— ——-—• 184,172 814,163 216,536 241,063 129,508 119.319 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold c o i n and c e r t i f i c a t e s on hand — Gold redemption fund 11,405 Gold Settlement Fund -F*R-Board 49,000 E l i g i b l e paper, 111 inimtan required 123,767 Total AMOUNT OF ELIGIBLE PAPER DELIVERED TO F.R. AGENT Chicago S t . L o u i s Minn. 587,760 10^,90?. 482,858 30,44o Kan s - Cy D a l l a s San Fran. 190,220 128,880 160J00 101,960 5 1 , 1 1 2 28,167 4 ] ,709 1 ^ , 1 0 8 100,713 116,99% 20,580 452,4.1.8 118,528 29,471 Total 269,320 4 , 3 5 8 , 5 2 0 4 5 , 3 9 2 1,213, J7?. 72,489 223,928 3,147 Jl!S 12,740 13,380 23,305 8,000 4 1 4 , 9 4 5 87,973 103.6.1.1 4 9 , 1 8 4 215,928 2 , 7 3 2 , 4 0 5 184,172 2,500 13,052 11,581 236,498 2,199 5,178 1,963 2,155 3 , 2 5 4 2 , 5 2 4 9,690 84,829 75,000 61,889 100,000 30,000 39,000 250,545 38,430 13,000 31,360 2,684 97,714 788,622 537,828 140,467 102.267 97.993 75.620 196,695 78.135 59.766 68.997 3 2,395 108,524 1.622,454 814,163 216,536 241,063 129,508 119,319 452,418 118,528 87,973 103,611 49,184 215,928 2 , 7 3 2 , 4 0 3 172,138 755,970 142,687 148,517 102,398 183,740 17,595 - 14,180 25,625 13,171 1,515 80,278 236,938 86,486 6l,l43 89,4^7 56,754 111,300 2,o44,io6
@FedFRASER