The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
I
'
•
Released, for publication Sunday morning May 20, 1917* Not earlier.
X-l60.
STATEMENT FOR THE PRESS.
May IS, 1917*
Withdrawals on a large scale of Government deposits and a decline in gold
and total reserves are indicated by the Federal Reserve Board's weekly bank
statement issued today as at close of business May 18, 1917 * The funds with
drawn represent chiefly payments on account of U. S. certificates of indebted
ness received by the several Federal reserve banks.
These funds were trans
ferred through the Gold Settlement Fund to the New York bank, which reporis-’ a
decrease of 31*2 millions in cash reserve and of 26.4 millions in its balance
due from other F. R. banks.
The gold settlement fund shows a depletion by
33*8 millions, owing mainly to the Government's financial operations during
the past week.
Commercial paper on hand Shows an increase of 5*3 millions largely as
the i*esult of discount operations of some of the larger member banks in Boston,
Philadelphia^ Richmond and Baltimore* Of the total discounts held, $14,883,000,
as against $ 11 ^235,000 shown the week before, are member banks' collateral
notes. About 75 P ® r cent of these notes are held by the Philadelphia, Rich
mond and New York banks.
Larger offerings Of bank paper ih the New York and
Boston markets account for a net addition of about 3 millions io the Banks'
holdings of acceptances, Minneapolis and Kansas City report the purchase of
$164,000 of United States bonds, while sales of $112,000 of Treasury notes
and of $3^4-23,000 of U. S. certificates are shown by 6 other reserve banks.
Total earning assets increased to 274 millions and constitute at present
482 per cent of the banks' paid-in capital, compared with 473 P©r cent the
week before.
Of the total, 36 *A Per cent is represented by acceptances; 19*9
per cent by U. S. certificates of indebtedness; 16.4 per cent by discounts;
I 3.3 P©r cent by U. S, bonds; 8.5 per cent by Treasury notes; and 5*3 Per cent
by warrants*
Government deposits, including 84.5 millions redeposited with subscribing
banks and trust companies, are given as 187*1 millions, a decrease for the
week of 55*3 millions, all the banks except New York and San Francisco report
ing substantial net withdrawals of Government funds. Member banks' reserve
deposits show an increase of 7*8 millions, notwithstanding a decrease under
this head of over 8 millions reported by the New York bank.
Federal Reserve Agents show a total of $478,906,000 of notes outstanding^
which is but 4*5 millions less than the amount of silver certificates re
ported by the Treasury Department outstanding on the same date. Additional
notes were issued during the week to 8 banks, while retirements are reported
by all the Banks#
The result is a net increase of about 8 <5 millions in the
total cf Federal reserve notes outstanding, New York, Philadelphia, Cleveland,
Chicago and San Francisco accounting for practically the entire increase.
The banks show an actual F. R. note circulation of $448,311,000, cr about 10
millions in excess of the circulation shown the week before.
Their aggregate
liabilities upon notes outstanding are given as $24,648,000.
Released for publication Sunday morning Hay 20, 1917STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF
R E S O U R C E S .
Gold coin and certificates in vault.........................................
Gold settlement fund.....................................................................
Gold redemption fund with United State© Treasurer.............. ..
Total gold reserve.......................... ............................. .
L e g a l tender notes, silver,
etc.................. ..................
Total r e s e r v e ....................................................................
I^ive per cent redemption fund against F, R. bank notes
^ftalls discounted - yembers....... .......................................
Not earlierX-l60 aTHE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF
18, 1917'
May 18, 1917
May 11, 1917
February 23 , 1917 November 17,1916 May 19, 1916 .
$350, 269 >000
336,841,000
246,812,000
281,355,000
293,441,000
187,969,000
77,971,000
221,759,000
140,821,000
213 , 861,000
2,754.000
1,825,000
2,687.000
1,383,000
1,922.000
540,992,000
561,287,000
326,608,000
497 , 138,000
435,645,000
27.442,000
17,697.000
36,149.000
16.580,000
15.249.000
5^8,434,000
452,225,000
344,305,000
597,436,000
512 , 387,000
400,000
4/0,000
394,000
400,000 '
400,000
44.846.000
19,809,000
19,704,000
20, 266,000
39,53^, 000
ills bought in open market.................................................... .
100, 177,000
97,789,000
52,186,000
97,155,000
123 , 966,000
United States bonds................................. ................................ .
36.383.000
39,115,000
51,837,000
36, 222,000
29,471,000
One-year Treasury notes ....................... ................................
23 338.000
3,840,000
23,450,000
18,647,000
11 , 167,000
United States certificates of indebtedness...................... .
54.666.000
58,089,000
14 . 63q .000
Municipal warrants....................................................................
14,688,000
17.124,000
18,597.000
44,482,000
Total earning assets............................... ........................
274 . 052.000
269,138,000
209, 474,000
186,372,000
172 , 154,000
Federal reserve notes - N e t .................. -.......................... , *
26. 458.000
£4,080,000
22, 076,000
14,256,000
26, 472,000
Due from other Federal reserve banks - Net...................... .
3.057.000
5 9,773,000
' 1,3^5,000
732,000
19,448,000
Due from depository banks - fiscal agent account.................
84.461.000
Uncollected items..................................................................... .
192. 830.000
.
310 , 685,000
136,940,000
All other resources............ ......................... . ...........................
....
5.981.000
6.078.000
8,271,000
6 , 121.000
5i598,000
TOTAL RESOURCES..................................................................... $1,155,673,000
1 , 209, 162,000
719,217,000
890*280,000
568, 371,000
.
« *
.
,
,
«
,
*
*
.
» » *
.
L I A B I L I T I E S .
Capital paid in ..............................................................................
56,868,000
Government deposits... .............................. ................................
187,127,000
jue to members - reserve account........................................... .
748,499,000
fember bank deposits - Net................................ .............. .... >
................
Collection items . ............. ............................................................
136,750,000
Federal reserve notes - Net................ ....................................,
24,648,000
Federal reserve note liability....... .........................................
................
All other liabilities.
1.781.000
TOTAL LIABILITIES............. ............. ................................. . $1 ,155,6/3,000
Gold reserve against net deposit and note l i a b i l i t i e s ......
66.2$
Cash reserve against net deposit and note liabilities.........
69 -5$
Cash reserve ag'st net deposit liab*after setting aside 40$
gold reserve ag'st net liab. on F.R.notes in circulation...
70.4$
MEMORANDUM: Distribution by maturities: May 18, 1917-••
1
15 days
Bills discounted and bought....... ............................................. ..
$40,496,000
Municipal warrants...................................................... ........... ..
773,000
56,859,000
242,421,000
740,726,000
55,989,000
13 , 407,000
692, 475,000
134,447,000
23,975,000
108,826,000
19 , 061,000
* -
- *
'
* * ♦
10,734,000
1 , 209, 162,000
66. 9$
1 1 . 2$
72-1$
Id
30 days
24,028,000
11,434,000
-
522,000
890,280,000
71-4$
73-6$
74.6$
31 - 60 days
44,204,000
107,000
*
* » <
.
.
» *
* *
i
# ♦ #
,
55,704,000
25, 171,000
m
622, 254,000
54,870,000
40,475,000
463,022,000
14,468,000
1 , 030,000
....„_.52P,opo
719 , 217,000
72 . 3$
75.1$
8,018,000
1,736,000
250,000
568,371,000
66.4$
7 0 .0$
76 . 0$
6l
90 days
33,849,000
1 ,2 8 9 ,ODD
70-5$
Over 90 days
2,446,000
1 , 036,000
+
-
Released for publication Sunday morning May 20, 1917 .
Not earlier.
WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MAY
Boston
R E S O U R C E S .
Gold coin and certificates in vault $ 15,126
22,421
Gold settlement fund
50
Gold redemption fund
37,59?
Total gold reserve
418
Legal tender notes, silver, etc.
38,015
Total reserve
redemption land - F*R.bank notes
4,058
Bills discounted members
11.676
— ^Rills bought in open market
Total bills on hand
15/73^
United States bonds
530
One-year Treasury notes
2,194
3,000
* U. S. certificates of indebtedness
Muni c ipal. warrant s
. 127
21.535
Total earning assets
Federal reserve notes - Net
1,913
Due from other Fade Res*banks--* Net.
Due from depos* banks - Fiscal Agt#acc*t - 16,147
Uncollected items
All oths?* resources
TOiViL K l,S0-jRC2S
IL &2_
^ L I A B I L I T I E S .
^Pipital paid in
5,082
Governmen t 1ap c s I ts
10,646
Due to members - reserve account
49,277
Collection items
11,924
Federal reserve notes - Net
- Due to other F, R. banks - Net
592
-
O O
C. t~
All other liabilities
TOTAL LIABILITIES
MEMORANDUM.
F, R* notes issued to banks
F. R- notes held by banks
F> R. notes in circulation
Gold and lawful money with Agent
161
_...77,682
21,912
(In thousands of dollars)
Phila. Clevel. Richm*
189,625 23,752 19,844
6,872
4,854 18,04-1 13,090
37,809
694
250
250
37
227,684 28, 85 b 37,922 20,656
172
j.j i j
.....1.37
2 Q A l3 _
248,103 29,231 38,059 20.828
H. Y.
1,940
29.028
30,968
8,921
12,623
21,544
1,305
549
20,000
_5..029
2,548
3,500
1.4,22
29,563
2,788
60,090
15/781
- 83,361
43,445
1,332
452.112
•12,059
111,493
287,071
•26,914
_ 13,342
1,233
452,112
3,958
-24 ,515
1,367
8,^98
9,965
5,844
1,865
3,710
2,885
24 ,269
1 ,638
3,305
-
16,473
_____311
88,639 84,055
......
-
-
-
_
~
-
-
-
-
5.263
6,243
3,440
4,150
3,236
58,677 25,563
8,911
14,985
—9,940
-3^7
— - .... ... 32
84,055 51,469
32,630 24,882
1,638
15.781
808
189,448 31,822 23,244
205*229. 29, 72 0 . 24,882
205,229
Atlanta Chicago S t . Louis MinnIs. Kas *Cy* Dallas iS. Fran.
Total
7,841 14,077 350,269
12,122
7,978
5,647
34,948 12,437
4,973
29,208
7,462
7,145 12,810 187,969
7,923 22,233
144 .._ 125...
250
442
214
278
20 .....2,754
11,062
64,370 20,177 20,295 30,355 1 5 ,1 H
26,907 540,992
244
1,234
100
27,442
2,053
..... 997
„_15... .. 1,278
66 ,423 21,411 20*539 J O ^ IL Q _ 16,389 27,007 _5.68,434
12,059
300
100
400
5,663
2,860
2,488
1,448
2,716
3,064
806
9,515
44,846
6.061
2,424
3,871 ... 2,913 ......998
8,161
4,565
9,25<9 100,17 7
5,2S4
15,576
4,062 10,065 145,023
4,361
10,8/7
7,053
9,53^
672
7,007
2,429
8,842
3,966
1,152
36,386
1,857
2,233
1,444
1,491
1,340
1,784
1,430
1,500
2,985
1,969
23,338
2,000
2,000
2,810
54,666
2,510
4,473
2,505
5,253
2,905
2,186
1,04?
508
811
431
111
14.639
______ 15. ....... _5
28,308 14,278 14,908 17,928 12,871 19.278 274,052
20,712 10,262
26,458
1,691
5,435
2,603
2 , 543(a) 3,057
5,3^9
1,3^5
- _
• -- —1,100
8 4 ,46l
9,856
6,023
6,518 11,192
9,104 192,830
9,385
29,575 10,597
740
512
161
646
97
258
407
5,981
...73
51,469 .....33,,7 91. 136.702 46,693 42,062 62.554 36,029 ..59,881 1,155,673
10,050
48. 402
22/681
2,102
-191
88.689
X-l60b18, 1917 ,
16,908
746
2,388
6,053
18,443
5,490
1,417
-33,791
4,356
2,434
4,314
27,340
2,888
4,091
151
963
7,057
14,244
3,139
2,579
96,871
27,966
8,502
18,530
-——
136,702
-
51,205
19,635
854
1,913
6,715
16,162 18,781
44,490
19,999
6,222 ...11*364
21.912
4SL225(a) Difference between net amounts due from and net amounts due
3,081
2,748
4,642
22,382
3,641
2,600
47,933
8,113
38,524
4,171
——
1,965
——
651
——
132
59,881
36,029
777
—-
- — ....... 3?.
46,693 42,062 62,554
56,868
3,93*+
13,120
187,127
748,499
136,750
24,648
—_ 1/781
1,155,673
15,727 23,486 25,268 20,135 21,889 478,906
336 .. 1,691
32,405
353
. 551 ...1,019
15,176 22,467 24,915 19,799 20,198 446 ,501
10,820 -18*376 24,138 11x834 ...21,883. 448,. I l l
to other Federal reserve banks*
.
....
*■ ^
Released for publication Sunday morning May 20, 1917.
*
t
t
1
v
Hot earlier.
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i
X-160 c
STATEMENT OF FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS MAY 18, 1917.
(in thousands of dollars)
Boston
Phila. Clevel.
Richm. Atlanta Chicago St.Louis Minnls. Kas.Cy, Dallas S.Fran.
Total
358,240
52,140
35,600
30,100
36,380
64,020
24,94Q
34,640
40,720
36,920
25,060
778,440
10,018
72,611
8,370
5,578
10,207
5,940
2,115
5,033
5,314
6,262
8,299
3,171
142,918
29,662
285, 6j29
43,770
30,022
19,893
30,440
61,905
19,907
29,326
34,458
28,621
21,889
635,522
7,750
80,400
11,140
5,140
2,985
10,805
10,700
4,180
5,840
9,190
8,486
Issued, to F, R. bank less
amount returned to F. R.
Agent for redemption
21,912
205,229
32,630
24,882
16,908
19,635
51,205
15,727
23,486
25,268
20,135
Amount held by~F.~R, Agent
in reduction of liability
on outstanding notes:
On hand:
Gold coin and certificates
20,860
195,338
3,730
10,048
»
4,364
13,918
2,370
11,110
1,052
9,891
1,680
1,334
222
987
615
506
1,238
1,208
«
#
«
•
24,310
13,500
6,000
13,480
49,310
5,950
3,220
V
*
*
*
2,910
10, 686
2,271
1,280
4,907
16,908
19,635
51,205
12,124
2,278
1,301
Federal Reserve Notes:
Received from Comptroller
$39,680
Returned to Comptroller
Chargeable to F. R. Agent
In hands of F. R. Agent
Credit balances:
In gold redemption fund
With Federal~R©eerve Board
Commercial paper
N. Y.
•
*
2,897
•
*
•
m
156,616
21,889
478,906
♦
264,635
1,084
779
20, 596
20,560
5, 640
21,110
163,080
5,110
1,130
2,301
15,727
23,486
25,268
20,135
4,922
5,110
1,130
2,639
•
•
*
30, 595
Total
21,912
Amount oi commercial paper de
livered to Federal Reserve Agent
4
T
205,229
« *
32,630
2,917
24,882
*
*
21,889
478,906
32,421
•
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X-175
Released for publication Sunday morning May 27, 1917.
Not earlier,
STATEMENT FOR THE PRESS.
May 2 6, 1917.
Loan operations of the Government calling for the concentration of funds at
the New York Federal reserve bark, also the opening of further credits to allied
Governments by the U.S/treasury affect; , to a large- extent, the condition state
ment of the Federal reserve banks issued to-day by the Federal Reserve Board as at
close of business on May 25, 1917,
On the asset side the largest increase for the
week is shown for 1{UncolIected Items”, largely clearing house exchanges, which Ireprf^0n^
• c^ec^s an^ drafts on N.Y. city banks in payment of subscriptions to
3 2j> certificates of indebtedness issued during the week.
The substantial increase
in the amounts ,!Due from depository banks - fiscal agent account11 represents ,
amounts paid in by banks on account of subscriptions to U.S, certificates of in
debtedness and redeposited with the subscribing b&tlkd*
On th& liability side the largest increase is shown for member banks1 reserve
deposits; chiefly at the! N 4Y 4 bank, due to temporary redeposits of funds previous
ly paid out by the federal reserve bank in connection with foreign Government
credit operations. As the result of these operations the Reserve Banks1 gold r$*serves declined about 20*2 millions and their total reserves about 10.8 million^*
In transferring funds to the N* Y* bank the Government availed itself largely of
the services of the Gold Settlement Fund, as is indicated by the large increase
^ in the amount standing to the credit of the N. Y. bank and by the reductions in
the credit balances of nearly all other Federal reserve banks*
An increase for the week of nearly 10 million dollars is shown in the hold
ings of bills discounted and bought.
Discounts on hand -increased about 2*7 mil
lions notwithstanding large decreases under this head reported by the 3 eastern
banks. Agricultural and livestock paper maturing after 90 days ( 6—month.
paper)
aggregating about 2*8 millions is reported by the southern and western banks,
nearly one-half of the total being held by the Minneapolis and D a l l a s banks Total discounts are inclusive of 16,3 millions of member banks* collateral
notes as against 14*9 millions the week before*, The larger total comprises 1*9
millions of collateral notes secured $ry U* S* certificates of indebtedness, the
Board having authorized
discounts of such notes at specially favorable rates*
Acceptances on hand show an increase of 7*2 millions, mainly at the N% Y* and
Cleveland banks* U. S* certificates of indebtedness held by the banks aggregate
3*1 millions in excess of the amount reported the week before# No material
changes are shown in the amounts of other inrestments held* Total earning assets,
287.3 millions, show a gain of 13*2 millions, and constitute 504 per cent of the
banks p<aid-in capital, compared with 482 per cent the week before* Of the total
earning assets, acceptances constitute 37;4 per cent, U.S, certificates of indeb
tedness 20*1 per cent, discounts 16,6 per cent, U* S. bonds 12,7 per cent, Treas
ury notes 8.1 per cent, and warrants 5*1 per cent*
Accessions during the week to the Federal reserve system and increases in cap
ital and surplus of member banks, account for an increase of $123,000 in the paidin capital of the Federal reserve banks. Government deposits show an increase of
IX*3 millions, all the banks except N* Y* and Cleveland reporting heavy withdrawals
of Government funds. A gain of 64,8 millions is shown for member banks * reserve
deposits, the gain of 72*6 millions at the N# Y, bank being offset in part by de
creases in deposits at eight other reserve banks.
Federal reserve agents report a total of $488,088,000 of notes outstanding,
an increase during the week of 9*2 millions, nearly two-thirds of this increase
falling to the share of the N, Y. and Cleveland banks. Against the total issued
the agents hold $456,611,000 of gold and $32,685,000 of paper* The banks report
a total Federal reserve note circulation of $454,402,000 and aggregate net liabil
ities thereon of $26,201,000.
Released for publication Sunday xorning May 2 j, 191/*
Kart earlier.
?TiiTEl'-EFT OF C OS IKED RESOURCES AND L U f W f B S ^ O f TPE T^LVE FEDERAL RESERVE BA!SKS AT CLOSE OF 3
R E 8 0 U t C £' S .
May 25 , 1317
May 16, 1917 February 23 , 191;
281.355.000
Gold coin and certificates in vault......... .................................
$334 , 265, 000 - 350,269,000
213.861.000
Gold settlement fund...................................................... ........ .........
183,590,000187,969,000
1.922,000
Gold redemption fund with United Stat60 Tr^&surar.............. __ 2 ,905 ■
000 - . 3, 754, 000
497.138.000
Total g*ld reserve.................................................................
520,760,000
5^0,992,000
15.249.000
Legal tender notes, silver, etc......................................... ..
36,892,000
27,442,000
512^387,000
ffe Total reserve.................................-.......................................
557,652,000
568,434,000
400,000
Jn^e per cent redemption fund against F. R, bank notes.........
400,000
400,000
20
.
266.000
*+7.>587,000
44,846,000
Bills di-icounted-- Members.. ........... . .......... ................ .............
123
.
966.000
Bills bought in open market...................................................• • <•
107,377,000
100,177,000
29.471.000
United States bonds.........................................................................
36,513,000
36,383,000
18.647.000
One-year Treasury n o t e s . .. .. ............................................. ...........
23,338,000
23,338,000
United States certificates of indebtedness...............................
57,807,000
54,666,000
17.124.000
6 75,.QQ.Q
14,639,000
Municipal warrants.............*...........................................................
209, 474,000
Total earning assets?........... ..................................................
287,297,000
274,052,000
22.076.000
28,410,000
26,458,000
Federal reserve notes — Net. ...................................................... 732.000
Due from other Federal reserve banks - Net...............................
10,641,000
3 , 057,000
Due from depository banks - fiscal agent account....................
122,3^9,000
84,461,000
136.940.000
Uncollected items-............................................... -........ ............ -*
328,779,000
192,830,000
8 . 271.000
All other resources.................................................................... .
6,424,000
_____ 5,981,000
890.280.000
total resources.......................................................................
1 , 341 , 952,000 1, 155 , 673,000
L I A B I L I T I E S .
55.989.000
ital paid in ................................................... *...........................
56 , 991,000
56, 868,000
13.407.000
eminent deposits......... -............................ ...............................
198>463,000
187 , 127,000
692.475.000
Due to members - reserve account...........................................
813,326,000
748,499,000
»
Member bank deposits - Net............................................................
Collection items............................................... *........................ .
Federal reserve notes - Net- • . ........................ *..........................
Federal reserve note lia b iiitia s.................................................
All other l i a b i l i t i e s , I f c r j t . § E -GovaraEudat <jredii«i»*
TOTAL LIABILITIES....... ................................. .................* -■«
Gold reserve against net deposit and note liabilities......... .
Cash reserve against net deposit and note liabilities...........
Cash reserve ag'st net deposit liab-after setting aside 40$
gold reserve against net liab.on F.R.notes in circulation...
MEMORANDUM: Distributi#n by maturities: May 25, 1917 • -•
Bills discounted and bought--....... * .............................................
Municipal
warrants.............V........ ..................................................
...
170,151,000
26,^0.1,000
». •
.76,820^000
1 ,3 1+1,952,000
63-35°
67 *8%
* ;
136,750,000
24,648,000
-• ■->
— 1^/81.,000
1,155,673,000
c
el
69 *5r
68-77’
1 - 15 days
43,844,000
8,701,000
70-4%
16 - 30 days
22,370,000
3,533,000
108.826.000
19 . 061.000
522.000
,
890 280,000
71.4#
73-6$
X- 1 7 5
IN liJS
N ove&U ir
283
,7 3 0
,
days
50 808,000
359.000
25,
24,
,000
1 7 4 ,8 0 1 .0 0 0
1 , 4 o 4 ,000
459,935,000
17,974,000
477,909,000
470,000
20, 501,000
102, 092, 000
39,427,000
11 , 167,000
1 9 •11
\$1 C
a-
■
May 2b, 1916
2^
,
985,000
91,991,000
2,1;'3,000
337,139,000
21.972,000
359,111,000
450,000
20, 365,000
52, 708,000
51,942,000
3,840,000
22 . 166,000
195,353,000
15 , 4l4 , 000
43 , 263,000
44,946,000
173,801,000
26,433,000
16 , 512,000
. 2, 651^000
735,060,000
^P ^o P O O
585,350,000
55 , 711,000
26, 319,000
54, 875,000
4 4 , 131,000
637 , 072,000
476, 680,000
14 , 296,000
7 , 706,000
1 , 732,000
226,000
1,028,000
634,000
735 , 060,000
72.5$
75-3^
76 . if,
74 . 6$
31-60
MAY
6l
-
90
days
35,145,000
1 , 036,000
585,350,000
65 . 8$
7 0 -¥
J O .G i
Over 90 d a y s
2,797,000
1,046,000
Released for publication Sunday morning May 27 , I 917 . Not earlier.
X 175b
WEEKLY STATEMENT OF RESOURCES AND LIA B ILITIES OF EACH OT TUB FEDERAL RESERVE BANKS AT CLOSE Of* BUSINESS MAY 2f, 1917 *
(In thousands c f dollars)
RE S 0 U R C E S ,
?* Y*
phila.
Clavel. Richm. Atlanta Chicago St.Louis Minnls. Kas.Cy. Dallas S.Fran
Gold coin and certificates m vault
1 5 ,6 *9 l68 , 255 24,875 20,619
6,979
6,108 35,889 11,755 12,213
8,016
8,109 15 8 £S
Gold settlement fund
7,069
95,376
2,217 23,041
9,102
1,775 16,182
1,994
4,868 15,380
1,833
4 ,'753
Gold redemption fund
RO
pro
Total gold reserve
22,738 263,881 27,342
Legal tender notes, silver,etc.
514 .JO , 076
445
Total reserve
23,252 -293,957 27,787
redemption fund - F. R* bank notes
Bills discounted' - members
651
3 >463
8,296
~ ^fiills bought in open market
12,014
34,780 12,814
Total bills on hand
35,431 21,110
15,A77
United States bonds
530
1,307
549
One-year Treasury notes
2,194
2/788
2,548
U* S. certificates of indebtedness
3,000
20,^06
3,500
Municipal warrants
1,422
5,029
12Z..
Total earning assets
21,328 _ 6.5 ,461 2^129...
Federal reserve notes - Net
2,051
17,225
Due from other F* R. banks - Net
269
4,031
Due from depository bks*-Fiscal Agent acc ’ t- - 122,249
Uncollected items
29,615 150,535 28,195
All other resources
1,475
___
21
_ 212_
fTOT
HAffla y
*nri#\Trn nt*i
L n
resources
-16/542. 654j.933 86,030
i a d i L I T 1 i, b ,
Jfcital paid in
5,090
12,060
5,265
Wvermnent deposits
9 , 414- 140,431
6,121
Due to members - reserve account
44,157
359,645 47,634
^ Collection items
17,724
66,529 21,805
Federal reserve notes - Net
- 2,181
Due to other F- R. banks - Net
814
All other liab.incl.foreign Gov.credits
157
76,268
210
x
JUl/iriJjI i 111,0
I & lW 2 _654,_91 L . 86,030
M HI M ^ D
A HT T> TT
*zh
43,694
£ao
16,769
149 .. _179..
43,843 16,948
3,049
.1^.294
1 U .4 }
5,844
8,772
14^3.94
1,152
1,865
1,969
5,622
2,000
3,551
2* 895.
. 15
2LH98 19,530
1,699
1,552
15,170
172
88,382
6,250
4,810
62,175
14,516
631
l l ,4 l 4
72
49^516
3,436
>-7
crr
8,386
8.96
9,282
3,328
2^165
5,493
672
1,491
2,693
-3.1.
10,380
809
__ _ W A„--52,285 14,008 17,434
.1,396
1,575
285
53,860 15,404 17,719
3,235
3,806
J L .I 29 __ 5,102
12,364
8,908
7,007
2,233
1,444
2,985
7,308
2,500
2,186
1,043
31,850 16,128
5,425
211
3,472
9,781 39,156
721
_I9.i •
31,043 131,323
2,388
2,316
4,4o4
24,155
9,195
10,394
17,661
7,057
12,897
95,101
4,821
16,268
1,769
49,516
31,043 131.323
10,065
12 .... 1,273
j rr1 j
23,538
23,550
11,338
100
2,967
3,085
7,893 --6,052
jl—
..
1,982
8,842
1,340
1,784
3,564
880
4,444
3,966
1,430
2,000
2,780
177
13,392
431
19,889
2,919
5,617
2,276
508
—13,267
^J »
2,138
5,302
687
40,99?
7,117
93
38,321
14,889
197
60,963
7,871
843
33,419
/_* J
3,139
2,711
26,426
3,018
3,150
5,699
2,467
2,414
27,084
2,383
3,186
933
2,754
2,282
22,763
2,875
2,039
40,993
35
38,321
60,963
33,419
20
88,382
J1
300
-100
752
2,272
47,427
7,181
...
xoj
J9
>Dj v
-_2^U5
20,620
520,760
7,6 flap
jVjO'jC
92
20,712
557,652
400
839
47,587
9,216
107
*^77
-L
JJ-r*rx.-±
¥.L J.211.
qgli
10,055 ..... l^li
±
2,429
36,513
1,500
4,650
23,338
3,935
6,391
39,098
56,991
198,463
813,326
170,151
3 6 , 201
57,807
lh
67^5
811
±
Zj>V
. LJ
19.445 —28 /72Q7
j »
2,010
28,410
1 , 062 ( a )10,641
122,349
9,734 328,779
liP 7
A Iioll
--- ~=~i______ y.j>
OKO
j .j j -j j *
3,836
706
130
H
5"? . V }0
F- R, notes issued to banks
22,640 208,620 33,373 27,334 17,014 19,130 52,476 16,408
23,365 25,955 19,919 21,854
F« p- notes held by banks
2* 0 5 1 .._ l l ^ 2 5 _ .
_ 1 M < l _^ - 9 § 5 „ __ 502 _-.J5j.425 __ — 928
974
T? D
>
■
£ ^i
--*1 ^ X i
9^2
246
2,010
x * iw V
autos
xii
ciiuuiaxion
dVjOVy
3^44
0 ,b 3 5
lb ,049 18,628 47,051 15,480 22,391 25,023
19,844
19,673
Gold and lawful money with Agent
22,6*40 208,620 _30j463l
__5 a 6.55_ .16,859 .-32,j4 z6___ 9^181 19,205 24,090
. 1 7 ,6 3 4 ^ 21,854
(a) Difference between net amounts due from and net amounts due to other Federal reserve banks.
Digitized for #
FRASER
Total
Ilk 26 ^
183 590
1
?6
1
v
820
C-V
QRP
488,088
j ;>uou
454,402
456,611
Released for publication Sunday morning May 27,
1917 .
Not earlier.
175-c
STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS MAY 25, 1917.
(In thousands of dollars)
Boston
li. Y.
$39,680
383,440
Phila. Clevel.
Richm. Atlanta Chicago St.Louis Mimas. Kas.Cy. Dallas S.Fran.
Total
57,340
30,100
^£etumed to Comptroller
In hands of F. R. Agent
Issued to F. R. bank less
amount returned to F. R.
Agent for redemption
Amount held by F. R. Agent
in reduction of liability
on outstanding notes:
On hand:
Gold coin and certificates
Credit balances:
redemption fund
With Federal Reserve Board
As security for outstanding notes:
Conmercial paper
Total
Amount of commercial paper de
livered to Federal Reserve Agent
— ■■■
29,390
6,750
22,640
19,310
1,330
2,000
*
310,620
102, 000
208,620
197,938
10,682
*
*
#
22, 640
■ , -—
— -
65,060
25,740
~ j ..Y
*
34,640
40,720
36,920
25,060
810,680
3, 'iJO
0,425
8, 515
3,206
144,711
21,854
665,969
48,713
29,974
19,694
30,335
62,816
20,668
29,205
34,295
28,405
15,340
2,640
2,680
11,205
10,340
4,260
5,840
8,340
8,486
19,130
52,476
16,408
23,365
25,955
19,919
%
3,365
13,918
2,370
11,110
33,373
27,334
3,730
9,830
1,623
25', 110
2,910
208,620
ji..
36,380
33.373
2,917
17,014
*
♦
21,854
177,881
488,088
*
2,897
1,504
655
1,882
486
666
1,117
1,160
1,034
1,094
23,233
16,000
5,000
12,080
51,990
5,750
4,170
20,560
<0
o
Chargeable to F. R. Agent
35,600
20,760
168,910
11,359
2,271
6,627
4,160
1,865
*
«
27.334.
*
17 m a
11,987
iq
»
•
*
i on
2,279
25,955
6,635
4,160
1,892
cn
\.
Federal Reserve Notes:
Received from Comptroller
2,285
•
•
•
«
19,919 21,854
2,815
.
.
264,468
31,477
488,088
32,685
@FedFRASER