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STATEMENT FOR THE PRESS, St. 695 Federal .Grai Reserve Xvvb£ V 0 Board, Nov. S, 1919. Released for publication Sunday morning, Nov. 9, 1919» not earlier. CONDITION OF FEDERAL RESERVE BANKS. Further addition of over 100 millions to the Federal Reserve banks' total "bill holdings also substantial increases in reserve deposits and Federal Reserve note circulation are indicated by the Federal Reserve Board's weekly bank statement issued as at close of business on November 7> 1919• War paper on hand went up 89-9 millions, the increase being even larger at the New York Reserve bank. The rise is attributed chiefly to the demand for funds in connection with payments on British bond subscriptions. Other discounts fell off about 29 millions, while acceptances on hand show a gain of 39.2 millions. Consider- able interbank shifting of acceptances is noted, the Cleveland, Chicago and St.Louis hanks reporting large increases in their acceptance holdings as a result of purchases from other F. R. banks, while the acceptance holdings of the New York Bank declined about 31 millions. On the other hand the amount of paper held under rediscount for other F. R. banks (all held by the Chicago bank), shows a decline from 28.9 to 17*8 millions. Treasury certificates on hand declined 1.1 millions, though the circula- tion of F. R. bank notes, which are largely secured by these certificates, went up about 2.6 millions. As against a decrease of 3o«8 millions in Government deposits, the statement indicates increases of 73*4 millions in reserve deposits and of 16-5 millions in the "float" carried by the Reserve banks. As a result net deposits show an in- crease of about 20 millions. The week saw a further decline of 1S.U millions in gold reserves, of IS.2 millions in total cash reserves and an increase of 53 *9 millions in circulation. iu note The banks' reserve ratio shows a decline from %7'9 to U6,S per cent. Bo leased for publication Sunday uornin:^ November 3 , I919; not earlier* STATEMENT OF C01IBD1ED RESOURCES m D LIABILITIES OF THE TWELVE HCDERAL RESERVE B;ITICS. R E S O U R C E S November 7, 1919 October 31, 1919 Gold coin and certificates $ 2 5 4 ,027,000 $244,836,000 Geld settlement fund— F. R» .^oard 4 4 4 , 126,coo 429,429,000 Gold with foreign agencies 1 2 9 , 923,000 127,16s,000 Total gold held by banks 3 2 8 ,076,000 501,430,000 Goldv/ith Federal Reserve Agents 1,205,57S,u00 1,207,275,000 Gold redemption fund 104.345.000 110,860,000 Total gold reserves ?2,135,000,000 $2 r H Q , 5 65,000 Legal tender notes, silver, etc67.592.000 61^.204,000 Total reserves 2,205,592,000 2,187,369,000 1,771,028,000 1,681,052,000 Bills d i s c o m t J d t e ? ^ * * G o V j r m c n t vvar obligations IAll other 418,461,000 447,465,000 Bills bought in open market 433. 586. OOP 394,355.000 Total bills on hand 2,623,075,000 2,522,902,000 U* S\ Government bonds 25,846,000 26,545,000 U - S * Victor37 notes 84, 000 54,000 U« 3v Certificates of Indebtedness 273,IS3,000 274,325,000 All other earning assets Total earning assets 2 , 9 2 ^ 0 4 , 000 2,524, 156,000 ILnk premises 12, 222,000 13,357,000 Gold in transit or in custody in foreign countries IS,242,000 19,242,000 Uncollected items and other deductions fr gross deposits 555.795.000 S37,178,000 275,037,000 5^ Redemption fund against F. R. bank nc^ea 13,408,000 13,333,000 All other resources 8.225.000 7,569,000 TOTAL RESOURCES 6,081,606,000 5,939,344,000 L I A B I L I T I E S Capital paid in 86,013,000 86,267,000 Burp lus 51,057,000 81,087,000 Government dep osits 63,657,000 100,465,000 Due to members, - Reserve account 1,.906,867,000 1,533,481,000 Deferred avallability items 739-384,000 693,766,000 Other deposits, including foreign government credits 97.543.000 Total gross deposits 2,725,555,00c 2,807,688,000 F, R, notes in actual circulation 2,752,8/6,000 2,806,759,000 F„ R. bank notes in circulation - net liability 254,933,000 257,572,000 All 01her 1 iabilitios 3 8^5SO,COO 42.231,000 TOTAL LIABILITIES 5,939,344,000 6,081,606,000 Ratio of total reserves to net deposit andF.R. note *Incluao3 1-year liabilities combined 46 . s p Tr0asury notes . 47.9/° Ik Of O l i . K-eajrves to F.R.notes in circulation after against net deposit li-eilities in: 54*6/0 5 o. 6/j • m . St, 695a November S, I9I8 $356,437,000 435,452,000 h„8PQ,UuO 527,715,000 1,1.43, b4o, 000 11- 211 ^uvu 2,04o,551,0vV 54,245,QUO 2,100,S39,OuO 1,3 16,967,000 450,271,000 )74,522,vOO 2,171.7oO,uou 29,479,000 *91,956,000 2^000 2,293,223,00c 687,465,000 3,924, GOO isu^o^ooo 5,104,244,000 79,524,0C0 1,134,000 160,256,000 1,545,596,vCO 527,796,000 114,9^1.000 2,345,959,000 2 , 5 5 s , 196,000 65, 5 6 4 , 0 0 0 47.237.000 5,104,244,uOC 43,2;: .—, >, ^ OF^HeXdSS'SsEEW: M Eelea'.e'l^o^putlicat.iog R E S O U R C E S B At CLOSE OF BUSIIffiSS J D O m (In thousands of dollars.) 7, 1919. ' ^ n i M f f l l i l i i«ilifipiil|llip| sd e |otaie?6ssrve3 Bills discounted: 150, Sbu Bank premises Gold in transit or in custody in foreign countries Un d u ^ t i o n s ^ f r o m ' g r S t deposits— 618,135 136,342 185,991 105,171 l.Ooc 3,954 500 - 13,242 - 62,562 239,103 77,565 i TOTAL RESOURCES -a z ^3 503 2,93b 69,542 74,364 58,0^3 153, bo7 2,187,365 631 - a g ,::g ^:g a # **02 3*2 400 Ut 1 C pi,p ~j> - 66,660 - • ,g % 64,769 20,831 71,352 53,63s 43,321 a re a s s a m 83,422 36,883 57,158 317,936 ';:g 44I,583 1,913,636 457,986 487,370 307,468 253,653 537,5^3 2 5 6 , 3 1 6 173,735 272,599 133,763 333,288 6,081,6c6 (a) Includes bills discounted for other F.B.banks, viz. (b) Includes 'bankers1 acceptances bou~ht from other F.R. banks: - 889 86,349 435,407 112,293 - - - - - 25,0t>5 - - _ 17,775 - - 45,034 15,014 - - - - 7?ixt, 113 ^ ^'1J° 5 X M B (In thousands of dollars.) AT CLOSE OF BUSINESS » n » 7, 151$. . : lliliil IIJIlSIll 111 Other,deposits including loreign government credits not- — 2,682 3J21 3,664 2,10 4 86,970 362,478 126,033 ^ 3,577 2,008 6,437 37,750 75,180 146,668 102,167 l4s,5 2 6 2,807,68b 763,700 219,870 246,54$ l4lj65 150,379 467,103 135,5% act-ual circulation215,59s TOTAL STABILITIES —— 189,244 1,030,552 153,704 201,218 l44t84S Total -ross deposits -H ^ j^LJz 83,965 57,363 64,521 2 2 0 , 3 5 6 2,SCO,755 -a; *i:% t S *:SI 'HS JLSL — 4 4 I , 5 8 3 1,915,656 457,926 487,570 307,468 255,653 857,543 286,316 173,735 272,535 183,763 353,-22 6,031,606 M E M O R A N D A Contingent liability as endorser on - - 16,025 - - 1,750 - 17,775 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION. - note. F # H. n o t e s n e l a by DanK !—?r ^ F-R.notes in actual circulation215,5 98 £ ? 7 63,700 215,870 246,549 141,365 150,379 467,103 135,580 83,969 37,365 64tS21 220,35b 2,oCc,7^ DISTRIBUTION 07 BILES AND U.S. CERTIFICATES OF INDEBTEDNESS BY i/lATURITI-h-S. 31 V'ithini5^y= Bills discounter -u!"L^t?nLS=°ofniM^l-^rs ^7<'671 21,056 T ^32 16:998 ti ilb,95°6rys 176,^45 22,507 SO, % 1 5,517 E,lisle 77 215,111 4)5,53c, 273,133 Released, for publication Sunday morning, November 9, 1919; not earlier. St.695a STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS NOVEMBER 7, 1919. (in thousands of dollars.) Federal Reserve Agent at Boston New York Phila- Clevel. Richm. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Tubal FEDERAL. RESERVE NOTES: Received from Comptroller 448,080 1,846,100 480,780 439,460 288,180 281,000 783,120 270,900 145,480 188,420 131,740 362,320 5,665,380 Returned to Comptroller 172,377 Chargeable to F.R.Agent 275,703 89^ >275 £23»24l 155,971 117,501 951,825 2 57,539 25,680 2 8 3 M S 22,860 81,794 254,700 100,672 1 7 0 , 6 7 9 199,206 528,420 170,228 24,458 44,450 40,040 15,810 49,894 77>975—44, 5--0 95,586 110,445 9,780 7,4o0 ;Sj"4_j_;_28j-,-64 87,230 253,166 3,333,516 In hands of F« B. Agent 51,281 116,600 19,3_)0 4,90u 382,649 Issued to F.R. bank less amount returned to F.R. Agent for redemption 224,422 „ , , 835,225 231,859 260,629 146,221 154,756 488,380 154,418 . 85,80o 102,985 183,740 4,000 13,052 8,381 2,403 1,428 2,989 4,486 11,871 93>3^8 49,000 271,224 62*931 20,800 32,80O 12,484 87,971 875,^59 95,956 100,070 208,775 85,084 50,2^6 67,l?b 42,099 148,424 1>793,592 85,806 102,985 6 7 , 9 0 0 248,266 3 , 0 0 0 , 8 6 7 , , „ , 8 8 , 7 4 6 6b,941 1 0 3 , 3 2 3 , , 5 8 , 3 7 6 1 6 9 , 9 2 1 2,530,781 , , 67,900 248,206 3,000,867 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and certificates on hand - - 26,125 - Gold redemption fund 14,035 16,625 12,862 12,837 2,265 Gold settlement fund — F.R.Board 57,000 8 5»000 68,389 80,000 48,000 Eligible paper — minimum required 153,387 Total AMOUNT OF ELIGIBLE PAPER DELIVERED TO F. R, AGENT 549,860 150,608 141,667 2,500 3,186 - 224,422 8 3 5 , 2 2 5 2 3 1 , 8 5 9 2 6 0 , 6 2 9 146,221 154,756 488,380 154,418 203,735 957,794 1 7 2 , 9 0 0 189,520 , 99,551 1 0 5 , 6 3 1 314,3^3 - 8,831 - 238,248
@FedFRASER