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STATEMENT FOE THE PEESS
Released, f o r p u b l i c a t i o n
Sunday morning, Bo combo r l4, 1919)
not e a r l i e r «

'

St.758
F e d e r a l Reserve Board,
December 13, 19^9•

CONDITION OF FEDERAL RESERVE BANKS.
Aggregate i n c r e a s e s of about 4 8 m i l l i o n s in e a r n i n g a s s e t s and a corresponding
i n c r e a s e i n combined, d e p o s i t and n o t e l i a b i l i t i e s 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 as a t c l o s e of b u s i n e s s on December 12,
1919.

ct
As a g a i n s t./r e d u e t i o n of l4»9 m i l l i o n s i n war p a p e r on hand the banks r e p o r t i n -

c r e a s e s of 4 6 , 2 m i l l i o n s i n o t h e r b i l l s d i s c o u n t e d , of 27.3 m i l l i o n s i n acceptances
p u r c h a s e d i n open m a r k e t , and l i q u i d a t i o n of 10*6 m i l l i o n s of T r e a s u r y c e r t i f i c a t e s
h o l d l a r g e l y f o r t h e accommodation of non-member b a n k s .

Of the t o t a l war paper h o l d

by t h e Chicago and D a l l a s banks I 5 . 9 m i l l i o n s r e p r e s e n t p a p e r d i s c o u n t e d f o r other
F e d e r a l Reserve banks, w h i l e t o t a l acceptance h o l d i n g s of t h e s e two and f i v e other
Reserve banks i n c l u d e 113*4 m i l l i o n s , as a g a i n s t 124.3 m i l l i o n s t h e week b e f o r e , of
b i l l s p u r c h a s e d from o t h e r Reserve b a n k s .
Government d e p o s i t s show a g a i n of 49*7 m i l l i o n s , w h i l e members' r e s e r v e dep o s i t s d e c l i n e d 12 «6 m i l l i o n s f o r the week.

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 gov-

ernment c r e d i t s , went up 9*4 m i l l i o n s , the " f l o a t " c a r r i e d by the banks i n c r e a s e d
about 22 m i l l i o n s , w h i l e tho amount due f r a a f o r e i g n banks d e c r e a s e d about 0 . 5 m i l lion.

As a r e s u l t n e t d e p o s i t s work out a t 24.5 m i l l i o n s more t h a n the week b e f o r e .

F e d e r a l Reserve n o t e s i n c i r c u l a t i o n show a f u r t h e r i n c r e a s e of 2 6 . 1 m i l l i o n s , while
F e d e r a l Reserve bank n o t e c i r c u l a t i o n i n c r e a s e d about 1 m i l l i o n .
Gold r e s e r v e s show a gain f o r the week of 9 m i l l i o n s , of which about S m i l l i o n s
r e p r e s e n t s a not a d d i t i o n t o t h e amount h o l d w i t h f o r e i g n a g e n c i e s , f o l l o w i n g tho
f i n a l a d j u s t m e n t of t h i s a c c o u n t .

Aggregate cash r e s e r v e s , i n c r e a s e d 6 . 3 m i l l i o n s ,

while tho banks' r e s e r v e r a t i o , as the r e s u l t of the i n c r e a s e i n d e p o s i t and note
l i a b i l i t i e s n o t e d , shows a d e c l i n e from 4 6 . 4 to 46 p e r c e n t .



S t . 758a
not e a r l i e r .
CLOSE
OF
BUSINESS
DECEMBER
12, 19*9 •
THE
TWELVE
FEDERAL
RESERVE
BANKS
AT
STATEr/EEITT OF COE/LBIEED RESOURCES AND LIABILITIES OF
December
5
1919
December 13. 1918
T
December 12. 1919
RESOURCES
$336,516,000
$234,622,000
$2^3,1^8,000
Gold coin and c e r t i f i c a t e s
487,568,000
428,812,000
UoU, 066,000Gold s e t t l e m e n t f u n d — F . R» Board
5.329.000
132.935.000
l4o.9IQ.000
Gold with, f o r e i g n a g e n c i e s
829,913,000
796,369,000
788,124,000
T o t a l gold h e l d by banks
1,167,771,000
1,172,191,000
1,188,3*43,000
Gold w i t h F e d e r a l Reserve Agents
30.821.000
118.704.000
119,821.000
Gold redemption f u n d
2,078,505,000
$2,087,264,000
$2,096,288,000
T o t a l gold r e s e r v e s
55.758.000
66.811.000
64.117.000
Legal tender n o t e s , s i l v e r , e t c ,
2,134,263,000
2,154,095,000
2,160,405,000
Total reserves
1,453,349,000
1,603,313,000
1,588,417,000
B i l l s d i s c o u n t e d P o u r e d by Government war o b l i g a t i o n s
365,614,000
504,795,000
550,999,000
(All other
366,394,000
514.219.000
541.551.000
B i l l s bought i n open market
2,216,057,000
2,622,327,000
2,680,967,000
T o t a l b i l l s on hand
29,189,000
26,848,000
26,847,000
U* S, Government bonds
54,000
54,000
U. S, Victory n o t e s
*111,477,000
253,853,000
273,219,000
U* S» C e r t i f i c a t e s of Indebtedness
27,000
All other earning a s s e t s
2,356,750,000
2,933,032,000
2,981,087,000
Total earning a s s e t s
12,396,000
12,985,000
Bank premises
719,591,000
920,299,000
933,527,000
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
5,506,000
12,696,000
12,961.000
5/o Redemption f u n d a g a i n s t F . R» bank n o t e s
18.824.000
8.128.000
g. 276X00
All other resources
6,041,396,000 5, 234,9J)4,000
6,159,241,000
TOTAL RESOURCES
L I A B I L I T I E S
80,492,000
36,973,000
87,002,000
Capital paid-in
1,134,000
81,037,000
81,087,000
Surplus
l
6
l
,6l4,000
3 9.T9S, 000
89,503,000
Government d e p o s i t s
1
,
5
6
7
,927,000
1,330,037,000
1,817,406,000
Due t o members,- Reserve account
556,764,000
717,852,000
759,554,ooo
D e f e r r e d a v a i l a b i l i t y items
106.012.GOO
94.133.000
10
V488.
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
2,681,820,000 2 , 3 9 2 , 3 1 7 , 0 0 0
2,769,951,000
Total gross deposits
2,881,359,000 2 , 6 0 4 , 5 8 0 , 0 0 0
2,907,435,000
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
102,202,000
257,480,000
2<SS, 444,000
F . R» bank n o t e s i n c i r c u l a t i o n - not l i a b i l i t y
54.209.000
52.677.000
55,322,000
All o t h e r . l i a b i l i t i e s
6,041,396,000 5,234,934,000
6,159,241,000
TOTAL LIABILITIES
R a t i o of t o t a l r e s e r v e s t o n o t d e p o s i t and F . R. n o t e
49.9 1°
46.4 io
46-0 i° *Inc lude s 1-yc a r
l i a b i l i t i e s combined
Treasury n o t e s •
Ratio of gold 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
59.5 $
53*7 i
52.8
$
s o t t i n g a s i d e 35$ 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

Ho l e a s e d f o r p u b l i c a t i o n Sunday morning, December In-, 1919;




X

St.758b
Released f o r p u b l i c a t i o n ^ L I A B I L I T I E S OF TEE FEDSPu^RSSERVE^Al^S^T CLOSE OF BUSIitoSS^DECEMB^

ll'lilll51lll'l£lGI

F e d e r a l Reserve Bank of
Gold coin and r c e r t i f i c a t e s
Gold Settlement F u n d - F.R.Board
Gold with f o r e i g n a g e n c i e s
Total gold h e l d by banks
Gold w i t h F . R . Agents
21.922
24.930
Gold redemption f u n d
140,845
577,407
Total gold r e s e r v e s
3.915
49,503
Legal tender n o t e s , s i l v e r , e t c .
626',910
144,760
Total r e s e r v e s
B i l l s discounted:
Secured by Government war
654,401
128,055
o b l i g a t i o n s (a)
144^924
38,889
All other .
147.030
42,707
B i l l s bought i n open market (b)
209^651
946,355
Total b i l l s on hand
539
1,257
U.S. Government bonds
50
U. S. Victory 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
Total e a r n i n g l a s s e t s
1,091
3,99%
Bank premises
Uncollected' items and o t h e r de234,567
83,7^7
ductions from g r o s s d e p o s i t s
5$ Redemption f u n d a g a i n s t F-B.
2,886
1,072
bank notes
1,353
286
All o t h e r r e s o u r c e s
462,898 1,885,526
TOTAL RESOURCES
(a) Includes b i l l s d i s c o u n t e d
f o r other F . R . b a n k s , v i z :
(b) Includes b a n k e r s ' acceptances
bought from o t h e r F.R.banks:
With t h e i r endorsement
Without t h e i r endorsement
* Includes Government o v e r d r a f t of $1,634,000.




13,907
_ _
134,186 178,324
706

91,083
179

99.256 395,255 106,099
1,162
2.885
3,367

193,337 n s . 4 6 ?

91,54s

63.S79 143,316
32,390 105,052

134,734 179,030

91,262 101*018 398,140 109^466

14,673
4.705

41,245
58.118

16,280
13,241

1,385
-

844

1,235
-

375
4

4

507

515

2,936

12.187

97,736

212]715 217,832 121,069 108,456 3^6,104
-

500

290

81,244

74,347

1,475
933

1,162

443

> 4 77
-

53,308 70,775
288
52,

58,367

71,063

36,126 f 600 43,|04
31,270 38,752 45,623
31,971
99>3b7

1 7 , 7 6 } 19.993
78,715 108,820

116

1,153
-

~

8,808
r

D a l l a s San F r a n . T o t a l
243,148
6,512 12,655
4o4,o66
20,065 46,853
lUo.qio
3.664
6,482
788,124

188,343

59,622 184,528 2 , 0 9 6 , 2 8 8
1.270
235
64,117

60,892 184,763 2,160,405
3S

4S 3

54.999 l . W

550,999
12,653 29,248
541,551
9,279 87,221
60,415 171,468 2 , 6 8 0 , 9 6 7

3,966

2,632

26,847
54

Q.2P0

10.839

273,219

399

76,519 42,846 119,733

68,236

25,609

81,232

51,365

44,077

983,527

1,847
*2.524
_111

576
290

322

957
515

498
246

655
811

12,961
8,276

679

628

832

128

463,904 499,684 304,159 269,830 915,607 296,917 172,237 285,833 187,001 415,645 6 , 1 5 9 , 2 4 1

5,080
16,757

15,210
25,553

15,900

10,900

5,000
14,927
10,408

10,005

5,065
1,667

8,722

40,282
73 >112

St.758c
Released f o r

F e d e r a l Reserve bank of
Capital p a i d - i n
Surplus
Government d e p o s i t s
Dae to members— Reserve account
Deferred a v a i l a b i l i t y items
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
Total gross d e p o s i t s
F.R.notes in actual c i r c u l a t i o n
F.R.barik n o t e s i n 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

A. CLOSE OF BVSIKBSS m
( I n thousands of d o l l a r s . )
Boston
7,104
5,206
8,846
119,614
63,l4l
7,713
199,314
226,737
20,554
3,983

m

13. 1919-

5
i^^Kans-CyNew York %h±U* C l a v e l . Richin. A t l a n t a Chicago S t 4. L, 0o6u0i s M3,073
4,008
12,315
9,U6l
4,392
3,415
7,8jb
22,382
2,320 3.957
2.5S9
9.710
5,311
5,860
3,800
2,805
32,922
2,306 7,817
5,676
9,621
3.282
4,52?
3.602
30,467
735,659
166,058

43,263

7.03S

6,*9

3,62=

2,639

15.5«

3.S55

14,631
2,l4<

40,777
6,311

15,692
1,918

D a l l a s San F r a n . T o t a l
5,478
871002
3M o
4,578
81,087
2,029
8,952
89,503
4,407
108,568 1 , 8 1 7 , 4 0 6
29,688
759,55 s *
5,466
103,488
152,674 2,769,951
237,507 2 , 9 0 7 , 4 3 5

975,447
778,170

55,3^7
21,258

28,688
4,036

19,173
2,632

10,186
1,40]

462,898
, 2 8 5 , $ 2 6 463,904 499,684 304,159 269,830 915.607 296,917 172,237 285,833 187,001
462,898 l1,885,^26
TOTAL LIABILITIES
MFMORANDA
Contingent l i a b i l i t y a s e n d o r s e r on Discounted p a p e r r e d i s c o u n t e d
15,900
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

,821

258,444
55,322

415,645 6,159,241

15,900
40,282

40,282
FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION

F.R.notes outstanding
F . R . n o t e s h e l d by bank
i l l
c i r c u l a t i o n 22 6 ',737 77S.170
F.R.notes i n

B i l l s discounted
B i l l s bought i n open market
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




11,587

i'.224
22 9 ',077 255.337 * 3 . 7 7 4 1 5 0 , S 3 1 4=5,203 142,710

DISTRIBUTION OF BILLS AND U.
Within 15 days l 6 to 30 days
1,490,897
116,113
78,472
128,987
22,158
9,221

S

710^2

3,444

=5,169 101.SSU

71,036

CERTIFICATES OF INDEBTEDNESS BY mTURITIES.
% 1 to 60 days
61 t o 90 days
Over 90 days
18,827
322,128
191,^51
187,068
147,024
226,659
6,551
8,630

267,979 3 , 1 4 8 , 7 ^ 0
30,472
241,305
237,507 2 , 9 0 7 , 4 3 5
Total
2,139 > 1 6
5^1,551
273,219

Released f o r p u b l i c a t i o n Sunday morning, December 14, 1919; n o t e a r l i e r .

St-758d

FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS DECEMBER 12, 1919.
( I n thousands of d o l l a r s . )
F e d e r a l Reserve Agent a t

Boston

New York

P h i l a . Clavel-

Richm. A t l a n t a Chicago S t . L o u i s Minn. Kans-Cy.

D a l l a s San F r a n . T o t a l

FEDERAL RESERVE NOTES:
Received from Comptroller

461,800 1,927,120 504,780 463,740 299,400 293,000 816,960 289,600 146,480 1 9 9 , l 6 0 136,500 391,240 5.929,780

Returned to Comptroller

187,792

928,422 235,620 169,483 126,171

274,008

998,698 269,160 294,257 173,229 203,542 538,817 180,789

Chargeable to F.R.Agent
In hands of F . R- Agent
I s s u e d to F.R, bank l e s s
amount r e t u r n e d to F.R.
Agent f o r redemption

37,300

236,708

89,458 278,143 108,811

113,000 31,540 24,040 24,878 48,090 25,440

17,240

885,698 237,620 270,217 148,351 155,452 513,377 163,5^9

54,177

84.184

47,295 122,111 2.431.667

92,303 114,976 89,205 269,129 3,t+98,113
5,910

6,060

14,725

1,150

3^9,373

86,393 108,916 74,480 267,979 3.1^8,740

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

183,740

-

32,725

-

2,500

-

4,000

13,052

4,264

2,145

2,779

Gold redemption fund

13,621

11,330

10,483

14,325

Gold S e t t l e m e n t Fund - F.R.
Board

57,000

95,000

68,389

70,000 42,000

50,000 241,144

65,931 19,800

166,087

595.628 158,748 153,167 104.756

99,430 264.295

89,354

E l i g i b l e paper, minimum
required
Total
AMOUNT OF ELIGIBLE PAPER
DELIVERED TO F-R-AGENT



1,595

3,522

7,938

8,831

244,848

12,787

90,489

36,360

11,484 95,898

853,006

69,777

48,465 159,294 l.Q6o.3g7

236,708

885,698 237,620 270,217 148,351 155,452 513,377 163,5^9 86,393 108,916

74,480 267,979 3,i4s,74o

209,651

944,892 179,503 2i4,64o 115,852 108,170 345,929

60,415 159,909 2,615,646

99,292

51,396

68,573 108,820

5,700

-