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STATEMENT FOR THE PRESS.

et.4;i
F e d e r a l Reserve Board.

Released for p u b l i c a t i o n
Sunday m o r n i n g , J u n e 15, 19^9 >
Not e a r l i e r .

June l 4 ,

1919 •

FEDERAL RE'SERVE BANK ST'ArnELSIJ!T,
S u b s t a n t i a l i n c r e a s e s i n t h e volume of war p a p e r and a c c e p t a n c e s c a r r i e d and
even l a r g e r i n c r e a s e s i n Government d e p o s i t s a r e shown by t h e F e d e r a l Reserve B o a r d ' s
w e e k l y 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 June 13, I 9 I 9 •

Exchange of

F e d e r a l Reserve n o t e s f o r g o l d , a p p a r e n t l y f o r e x p o r t , a c c o u n t s f o r a n e t d e c l i n e of
7 .9 m i l l i o n s i n g o l d r e s e r v e s .
TJar p a p e r on hand went up jk,6

m i l l i o n s , w h i l e o t h e r d i s c o u n t s d e c l i n e d 7*5

m i l l i o n s 1 A c c e p t a n c e s on hand show an i n c r e a s e of

«2 m i l l i o n s .

The t o t a l of war

p a p e r h o l d i n g s i n c l u d e s an amount of 115*9 m i l l i o n s d i s c o u n t e d f o r 3 F e d e r a l Reserve
banks, w h i l e t h e t o t a l of a c c e p t a n c e s on hand i s i n c l u s i v e of 2 6 . 2 m i l l i o n s bought
from o t h e r F e d e r a l Reserve b a n k s w i t h o u t the l a t t e r < s e n d o r s e m e n t .

Treasury cer-

t i f i c a t e s , owing l a r g e l y to t h e r e d e m p t i o n by t h e T r e a s u r y of t e m p o r a r y c e r t i f i c a t e s
h e l d the week b e f o r e by 5 banks, f e l l o f f 2}»1 m i l l i o n s 1

T o t a l e a r n i n g a s s e t s show

an i n c r e a s e f o r t h e week of 80>1 m i l l i o n s .
Government d e p o s i t s show a g a i n of 219«2 m i l l i o n s , members' r e s e r v e d e p o s i t s dec l i n e d 7 1 , 5 m i l l i o n s , w h i l e t h e " f l o a t " was 5 8 - 2 m i l l i o n s l a r g e r t h a n the week bef o r e 1 Mot d e p o s i t s show a g a i n of 22.7 m i l l i o n s . 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 t i o n d e c l i n e d 13»8 m i l l i o n s , t h e r e p o r t e d t o t a l F , R , n o t e c i r c u l a t i o n of 2^99*3
m i l l i o n s b e i n g b e l o w any of t h e weekly t o t a l s r e p o r t e d d u r i n g t h e p a s t t h r e e m o n t h s .
The b a n k s ' r e s e r v e p e r c e n t a g e a s t h e combined r e s u l t of t h e m e n t i o n e d i n c r e a s e i n
d e p o s i t l i a b i l i t i e s a n d the d e c r e a s e of 8 . 3 m i l l i o n s i n c a s h r e s e r v e s shows a d e c l i n e
from 53 .7 t o 52.7 p e r c e n t .




1
R e l e a s e d f o r p u b l i c a t i o n Sunday morning J u n e 15, 1919; n e t e a r l i e r .
_
St.U31a
STATBOTT OF COMBINED RESOURCES SJD LIABILITIES OF THE THELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUNE 1 3 , 1919*
R E S O U R C E S
Jme_ll^_12ia
,
A
r ^ u n e A _ m 2
Gold c o i n a n d c e r t i f i c a t e s
$355,811,000
$35^,9^9>000
$^,5^7,000
G o l d S e t t l e m e n t F t o d - F . R . Board
582,675,000
5SI,0^5,000
UUO^U'OOO
Gold w i t h F e d e r a l R e s e r v e A g e n t s

illlEF-- B i l l s discounted

( S e c u r e d by G o v t , war o b l i g a t i o n s

(A11

o t h e r

- % w o o
1,117,970,000

1,695,576,000
182,^8,000

TJ. S* Government "bonds
U. S, V i c t o r y n o t e s
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
All other earning a s s e t s
Total earning a s s e t s
Bank p r e m i s e s
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
Jjo Redemption Fund a g a i n s t F - R« b a n k n o t e s
i l l other resources
TOTAL RESOURCES
L I A B I L I T I E S
Capital paid in
Surplus
Government d e p o s i t s
245,245,000
Due t o members - R e s e r v e a c c o u n t
1,633,5^3>000
Deferred a v a i l a b i l i t y items
6 2 3 , 7 3 9 >000
O t h e r 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
127,5%,000
Total gross deposits
.
F . R. n o t e s i n a c t u a l c i r c u l a t i o n
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
All other l i a b i l i t i e s
TOTAD LIABILITIES
R a t i o o f t o t a l r e s e r v e s to n e t d e p o s i t a n d F- R. n o t e
l i a b i l i t i e s combined
"
R a t i o of g o l d r e s e r v e s to 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 a s i d e 3 5 ^ a g a i n s t "net d e p o s i t l i a b i l i t i e s



- 9 3 ^ 0 0 0
1,139,5°^,000

951,14j,^00

3SS ™ 3$S 111
1,6dD , ^ , 0 0 0
190,130,000

2,112,711,000
27,130,000
333,000
204,405,000
—
.
2,344,579,000
10,986,000
#35,362,000
8,899,000
10,332,000
5,472,146,000

j3
362,108,000

2,009,431,00=
27,129,000
333,000
227,553,000
—ZZ^.
2,264,44^,000
10,986,000
650,757,000
8,868,000
10,042,000
5,215,442,000

82,674,000
49,466,ooo

82,652,000
49,4o6,000
26,058,000
1,705,104,000
497,34$,000
134,364,000

2,630,132,000
2,499,265,000
170,937,000
.39,672,000
5,472,146,000

2,362,875,000
2,513,037,000
169,246,000
38,166,000
5,215,442,000

52-7^

53*7/%

65 *4^

66.5i°
^Includes one-year Treasury notes

i

*

# §
, 63,000
-k'nnn
5%. > .
1 , 3 3 3 > 4 l 0 , 00

510,303,000
735*000
™—.—
3,249,711,000
75,711,000
1,134,000
155>532,000
1,555,434,000
2b4,887,000
123 >221,00Q.
2,099,074,000
1,651,500,000
10,001,000
12,291,000
3,849,711,000
6l„9/°

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 June 15, l g i $ ; n o t e a r l i e r .
WEEKLY STATEMENT OF RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE
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 Hew y o r k p h i l a - c l e v e l . Richn» At l a n t a Chicago
Gold c o i n and c e r t i f i c a t e s
3,116
260,047
562 3 0 , 9 0 1
2,117
7 , 9 5 1 23, 13%
Gold s e t t l e m e n t Fund - F . R . B o a r d 4 2 , 0 0 6
l 6 8 , 2 0 0 52,077 56,52% 2%,g%4 1 3 , 8 b l 100.321
T o t a l g o l d h e l d by b a n k s
4$, 122
528,247 52,1)39 87 , T f25 2 6 , 9 6 1 21,-5'12 123, % 5
Gold w i t h F e d e r a l Reserve Agents 5 1 , 1 3 5
28%,281 7 1 . 1 8 1 1 2 6 , 1 7 1 3 1 , 0 1 8 %7,b%7 258,3%1
c o l d R e d a c t i o n Fund
, —
19,539 - ?'•? 8C9 n ' 957
2,^6
11,5^9
5,^5 2?,70
Total gold r e s e r v e s
115,796
737,35? 135,777 2 1 5 , 8 3 2 b y , 5 2 3 74,C2T%11,453
Legal tender n o t e s , s i l v e r , e t c .
7,059
2/4
939
^05
1,1)1
1; ^V
Total reserves
122,355
7 ^ & T l 3 ^ ^ r 2 W , T 7 r - b f , 9 ^ ^ ^ 5 ^ ^ %
B i l l s discounted;
Socuved by Government war
• obligations ( a ) —
l%5,205
6 3 0 , 1 1 2 191,277 1 2 8 , 6 0 1 8 2 , 8 5 2 7 3 , 1 2 2 192,979
All 0 t i e r
—
.4,869
30,64% 14,3.89
6 , 0 4 5 11,587 13,125 16,57%
B i l l s bought i n open m a r k e t ( b ) IS, 8%2
71,992.
. 9^9 26,91%
6,961
6,3%5 3%t 236
Total b i l l s on hand
168,91b
7 3 2 j % 8 20b.635 l 6 1 , 5 6 0 101,400 9 2 , 5 9 2 2%3,789

XJ# s< Government "bonds

539

u . S, v i c t o r y n o t e s
30
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 16,916
Total earning assets
186,401
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 d e p o s i t s 81,508
% Redemption f u n d a g a i n s t
F . R . bank n o t e s
8%2
All other resources
388
TOTAL RESOURCES

OF BUSINESS JUNE 13, 1919

St.423b

g t . L ° u i 3 Minn.
3,78b
8,33 2
26.7.1? 2%T3Q7
30,4^3 32,729
56,528 38,213
5,520
7,381
9 2 , 5 " o 78,323
2,647
88
95,193 7 8 , * 1 1

Rans-Cy- D a l l a s S^n Fran
To a
75
7 , 278
8,512
355,811
36.^01
6.0?6—2.0,156
3'),976 13,354 3 9 , 2 6 8
938,486
27 , 255 I ? , 810 110,390 1 , 1 1 / , 9 7 0
14,346
3,02J
ajj;2—11L%^_
78,577 32, ix-j 1 ^ 1 , 2 , ^93,8f%
206 . 2 / 3 0 ^
7 8 , 7 8 3 3 4 , 1 3 1 152,034 2 , 2 0 1 , 9 8 3

6 2 , 9 0 3 %7,03S
io,%36
3,9%7
4,108
8,753
7 7 5 9 , 7 3 8

%8,ll6
3%,1%2
. 10
82 } 2o8

50
7
66,276 20,685 17.026
6 , 2 6 0 10.599 22,612
800,37 6 228,705 179,670 108,89% 103,57% 270,877
3,782
500
87 5
312
218
2,936

2%6
16,182
9,520
9VT82 69,620
. 5%1
-

333
6,883
5,%00
6,040
E0%j,_%Q5_
9 8 , 0 1 8 6 0 , 3 9 9 1%3,263 2,.) 44,579
%01
221
%00
10,906

199,236

79,78%

1,734
2,807

1,025
977

1*302

1,385

1,084

4,476

1,153

^^6

8,867

,
,
.
,
r
25,5%7 67,82% 1 , 6 9 5 , 5 7 6
2%,837 12,003
182,598
§%2 5^; 758
§l±i_SJ_
51,033 134,585 2 , 1 1 2 , 7 H

ir234

376

3*966

2,632

62,7%9

76,885

%3,3%0

86,0%8

57,731

16,062

65,813

30,787

35,%19

803
1,%02

464
$02

502
jS7

1,136
1,362

570
%76

322
2-52

714
335

379
155

408
6.29

27,130

835,362
8,899
10*332-

392,79% 1 , 7 9 7 , 1 0 0 %%7,o%2 %62,270 256,990 223,976 775,005 2%9,293 16%,667 2%%,12% 126,732 3 3 2 , 1 5 3 5,%72,1%6
MEMORANDA

(a) includes b i l l s discounted
f o r other F-R-banks, v i z . -

-

-

(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 b o u g h t from o t h e r
F , R» b a n k s f j i t h t h e i r endorsement
Without t h e i r e n d o r s a n e n t

-

-




15,000

-

-

-

-

-

-

58,142

-

14,800

-

27,960

-

-

-

-

-

-

-

26,211

115,902

2o, 2 1 1

St

R e l e a s e d f o r p u b l i c a t i o n S u n d a y m o r n i n g , ..June 15, 1919; ^ o t e a r l i e r
^
iciq
TTTTTT^ yz
YZEEKLY STATEMENT OF IG2S0URCES AND LIABILITIES OF TIDE FEDERAL RESERVE BANKS AT CLOSi, Ojj B U S I E S JUl^ l j , 1 v L 9 . (%n t h o u s a n d s of d o l l a r s . )
Boston
Capital paid-in
.6,877
Surplus
"
2,996
Government d e p o s i t s
30,978
Dae to members - Reserve a c c o u n t 100,735
Deferred a v a i l a b i l i t y items
59,092
All other deposits
353
Total gross deposits
191,153
F . R . n o t e s i n a c t u a l c i r c u l a t i o n - 172,632
p . R . bank n o t e s i n c i r c u l a t i o n net liability
16,190
All other l i a b i l i t i e s
l2
TOTAL LIABILITIES

392,794

L I A B I L I T I E
Hew York p h i l a . C l e v e l . Richm. A t l a n t a
3,247
4,209
9,232
21,384
7,633
1,510
2,196
2,608 3 , 5 5 2
21,117
22,642 43,890 29,743 15,035 24,299
676,417 9 4 , 2 9 1 129,645 5 2 , 3 2 1 4 4 , 0 8 8
156,252 71,049 5 3 , 3 4 9 62,346 2 4 , 5 7 2
10b
155
1,012
114,188
705
"9"69,499 210,242 213,44:
213,442 129,808 9 3 7 m
73.6,288 203,710 217,93> 112,964 115,12s
•*»

1

>J

V$

5t

) V. 1

9,45s
1,519
>s

s
Chic ago
11,446
6,4i6
4,957
234,902
69,727
2,092
311,67s"
418,271

s

St.Louis.
3,867
-1,603
24,332
59,089
40,653

678

124,952
103,159

23,202 J 4 , 3 4 i
3.1992
1 , 3 7 1.
* s •"

I.iinn. K a n s . c y •
3,006 3 , 7 6 1
2,421
1,415
17,422
7,734
48,g48 69,651
12,811 3 9 , 1 6 4
1,062
765
7 0 , 2 5 8 127,299
82,975 9 5 , 9 9 3
3,883
1,130
1

12,488
2,162

To t a l
D a l l a s San Fran
82,67.4
3,238
49,466
2,44s
1,184
245,245
13,844 10,369
4 0 , 5 7 4 82,922 1 , 6 3 3 , 5 8 3
623,739
13,597 21,127
127,565
6
,
1
7
2
7_L
687092 120,590 27530,132
4 5 , 5 1 7 194,694 2 , 4 9 9 , 2 6 5
I ' 1. S11 i

6,831
2,816

170,937
39,672

1,797,100 447,042 4 6 2 , 2 7 0 256,990 223,976 775,005 249,293 164,667 244,124 126,732 332,153 5 , 4 7 2 , 1 4 6
M E I/I 0 R A IT D A

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
w i t h o t h e r F*- R. banks
Bankers' a c c e p t a n c e s s o l d t o
o t h e r F . R« banks

115,902

29,536

50,000

36,366

FEDERAL RESERVE NOTES OUTSTANDING AND III ACTUAL CIRCULATION
F . R, n o t e s o u t s t a n d i n g
F . R. n o t e s h e l d by bank

179,902
7>270

F . R . n o t e s i n a c t u a l c i r c u l a t i o n 172,632

I I :

z

t ' Z

T

a

%

1I.7° 3 65

1 . : ^

736,288 203,710 217,934 112,964 115,128 418,27-1 103,159

82,975

1 0

2

f:gs

95,993

i ° o M

45,517 194,694 2 , 4 9 9 , 2 6 5

DISTRIBUTION OF BILLS AND U . S . CERTIFICATES OF INDEBTEDNESS BY MATURITIES.
T i t h i n 15 days
B i l l s discounted
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 i n d e b t e d n e s s



1,577,715
61,213
30,235

16 to 3 0 days
42,424
4s,315
162

3 1 t o 60 d a y s
156,528
82,965
632

6 l t o 90 days
75,137
42,044
11,130

Over 90 days

26,310
162,246

Total
1,878,174
234,537
204 > 0 5

R e l e a s e d f o r p u b l i c a t i o n Sunday morning June 15, 1919; n o t e a r l i e r »
St.43 Id
STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS JUNE 13, 1919( i n t h o u s a n d s of d o l l a r s . )
Boston
FEDERAL RESERVE NOTES:
R e c e i v e d from C o m p t r o l l e r
R e t u r n e d to C o m p t r o l l e r
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

New York

phi l a . Clevel.

Richm. A t l a n t a Chicago 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 .

Total

3 1 7 , 5 0 0 1 , 5 8 0 , 8 8 0 3 9 0 , 9 8 0 3 5 6 , 1 0 0 224,120 2 2 9 , 6 0 0 6 1 9 , 6 8 0 200,7U0 1 3 2 , 8 8 0 1 6 7 , 3 0 0 103,560 2 * 2 , 0 2 0 4 , 6 0 5 , 6 6 0
110,278
6 l 2 , 0 6 g 146,812 9 2 , 2 6 1 78,748 50,933 139,284 64,977 3 2 , 9 6 1 51,069 3 2 , 9 5 1 60,405 1 , 4 7 2 , 7 4 8
207,522
9 6 8 , 8 1 1 2 4 4 , 1 6 8 2 6 3 , 8 3 9 1 % , 3 7 2 178,667 4 2 0 , 3 9 6 135 J 6 3 9 9 , 9 1 9 1 1 6 , 2 3 1 70.b0Q 2 2 l , T l . 5 3 , 1 3 2 , 9 1 2
27,620

i41,000

27,280

33,120

28,658

57,709

30,360

19,160

i4,54o

i4,ooo

23,570

6,000

423,017

I s s u e d t o F . R . bank l e s s amount
r e t u r n e d t o F . R . Agent f o r
redemption
179,902

827,811 216,888 230,719 I l 6 , 7 i 4 120,958 450,036 l i 6 , 6 o 3

85,379 102,23 1

47,039 215,615 2,709,895

COLLATERAL SECURITY FOR
OUTSTANDING NOTES:
G o l d c o i n a n d c e r t i f i c a t e s on
hand
Gold redemption f u n d
11,135
G o l d s e t t l e m e n t Fund - F . R .
Board
4o,ooo
E l i g i b l e p a p e r , minimum r e q u i r e d 128,767

183,740
l4,125
10,54l 14,792 12,046
.
.
.
90,000 56,389 ioo,ooo
543,530 l45,707 104.548

11,581
2,545

Total
AMOUNT OF ELIGIBLE PAPER
DELIVERED TO F . R. AGENT




2,018
2g,ooo
85,696

2,500
2,l4?

4,797

4,098

13,052
g,36l

1,895

12,847

224,998
81,222

43,000 253,544
7 3 , 3 1 1 191,695

52,430
60,075

22,800
47.166

25,360
74,976

1,684 97,543
811,750
3.1,229 1 0 5 , 2 2 5 1 , 5 9 1 , 9 2 5

179,902

8 2 7 , 8 1 1 2 1 6 , 8 8 8 2 3 0 , 7 1 9 116,714-. 1 2 0 , 9 5 8 4 5 0 , 0 3 6 l i 6 , 6 o 3

85,379 102,231

47,039 215,615 2,709,895

168,916

732,748 154,213 160,109

51,Ik)

51,033

93,837

79,568 -S3,555

68,600

82,268

115,216 2 , 0 0 1 , 2 0 3