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Beleased for publication Monday morning, October 20 t 1919 ; not earlier. ■Federal Reserve Board, October 15, 13 IS* CONDITION OF IGMDEil BARKS* In increase of 120 *5 mil lions in loans and investments* otiier than loans sec ured by Ui S. obligations and ty stocks aid bonds, offset in part ty declines in U. S. security holdings, is indicated in the Federal Reserve Board's weekly state ment of condition on Gctober 10 of 776 member banks in leading cities. Accommod ation extended by the Federal Reserve banks to reporting member banlcs also shows a material increase for the week. During the week,holdings of Treasury certificates of U, S* bonds - U»1 millions, while a nominal declined 15*2 millions, and increase ( .6 millions) is shown in Victory notes held and an increase of 2*2 millions in war paper on hand. Loans secured by stocks and bonds show a liquidation of 19*1 millions, New York City banlcs alone reporting a much greater reduction under this head# A ll other loans and investments went up 120*5 millions, all classes of banks participating in the increase. Aggregate holdings of war securities and war paper declined from 3 ,2 4 7 .2 millions to 3>230.7 millions, and constitute 20 .9 Per cent of the total loans and investments of all reporting banks, compared with 2 1 .1 per cent the week before. For the New York City banks a decline in this ratio frcm 26.2 to 2 5 *8 per cent is noted» Government deposits show an increase of 7*8 millions, 11 millions is reported for the New York City banks. went up 39 >9 millions, New York though a decline of about Other demand deposits (net) City banlcs showing a decline under this head also, and time deposits increased 2 4 .9 millions * Reserve balances (all with the F.R.banlcs) show an increase for the week of 6 .3 millions, and cash in vault - o f l6»7 millions. Accomodation by the F. R. banks through the discount of the reporting banks' own no'tes and customers1 paper shows a further increase of 55*3 m illions. Tne ratio ox these discounts and government deposits combined to holdings of U. S. war securities and war paper works out at 70 per cent, as against 67 «7 per cent the week before. For the New York City banks this ratio shows an increase for the week from 65*1 to 6S .5 per cent. St.o 5t)a Released, for publication Monday morning, October 20, 1919; not earlier. STATEMENT-SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN LEADING CITIES. ( In thousands of dollars.)_____________ 1 . , Comparative data for all reporting banks._____________________ ___________ O c t.10, 1919 July 11, 1919 O ct.3, 1919 Apr. 11, 1919 77.6 776 771 773 269,539 269,656 269,614 262,950 611,714 615,624 6 2 S ,734 647,493 ----------------- 3 0 5 ,is i 3 0 4 , 60s 341,030 - U . S. certificates of in d e b t e d n e s s ------------------ ------- 992,791 1 ,0 0 8 ,0 4 6 972,081 2 ,1 0 9 ,4 4 0 2 , 1 79 , 225- 2 ,1 9 7 ,9 3 4 2 ,2 1 7,45 9 3 ,0 2 5 ,8 8 3 1 , 321,061 1 ,3 1 8 ,9 4 4 1 ,3 8 4 ,5 7 9 1 , 1 1 0 ,1 3 2 3 ,1 0 3,47 9 3 ,1 2 2 ,6 1 4 1 0 , 901,086 1 0 , 2 3 7 ,3 7 7 All other loans and investments - - - - - - - - - - - - - - - - - - - - 2 , 272,516 2 ,7 5 1,95 0 Reserve balances with JP. R. bank 1 , 369,653 1 ,3 6 3,43 7 -1,335,133 1 , 25 2 ,4 77 370,745 353,950 38 3,80 8 3 5 6 ,1 4 5 1 1 , 059,405 1 1 , 019,486 10 ,6 46 ,6 2 7 1 0 , 0 4 7,10 2 2 , 027,503 2 , 002,595 1 ,7 6 3 ,2 0 7 1 , 0 9 8 ,117 612 , 26s 6o 4,485 516,420 7 2 3 ,7 7 5 1 , 1 8 1,39 5 1 , 168,574 1 ,1 5 4 ,3 4 1 1 ,2 1 0 ,4 2 5 ------------- 4 67,704 425,221 3 5 4 ,3 *1 293,428 Ratio of U. S. war securities a n d war paper to total loans and investments - per cent - - - - - - - - - - - - - - - - - - - - - - - 20.9 21.1 2 3 .0 26.9 Number of reporting banks - - - - - - - - - - - - - - - - - - - - - - U. S« bonds to secure circulation - --- --- -- ------ _ _ _ _ _ _ _ Other U .S . bonds including Liberty bonds U . S. Victory notes - - - - - - - - - Total U . S. securities - - - - -- -- - - - - ------------- Loans secured by U. S. bonds, etc. - — ------------------ Loans secured by stocks and bonds other than U .S . securities ————— ------------------- Cash in vault -- - - - - - - - - - - - - - - - - - Net demand deposits - - - - - - - - - - - - - - - - - - - - - - - - - Time deposits Government deposits B ills payable with Federal Reserve bank - - - - - - - - - - - - - - - B ills rediscounted with Federal Reserve bank ) ) ) Released for uublication Monday morning October 20, i^iy: not earlier. bi.o-rjb STATEMENT 6H0WING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN LEADING CITIES? Pa+a for rppnrtin^; banks in each district, as at close of business October 10, 1919-_______(In thousands of dollars.)____ _____________ ______ — ----- —--------- “ B : Boston New York Phila. Clevel. Ricbrn. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Eran. Total No rpnortint b a n k s ________________ U.S.bonds to secure circulation Other U .S . including Liberty bonds u . s . Victory n o t e s --------U .S . certificates of indebtedness Total U s s e c u r it ie s __________ Loans^ecured by U.S.bonds, etc.v ^6 l4 ,0 2 3 l6,bOS m 56 ^9 82 4 g)223 l i , 262 4 l , 8 5l 25,821 2 7 7 ,23 2 30,735 62,126 37,. 100 125,012 17,533 3 2 ,600 15,857 4q 6,488 54,176 75,689 21,3-13 946,955 113 , 706 212,266 100,091 724,510 159,950 109,033 39,96s 9 ,2 31 4 0 ,6 l6 8 0 ,kj8 60 6 * _ Loans secured by s1 All other loans & cishrI n ^ o _____ _ __ S _\ . _ —. _ \ ^ r— w /"«*■«1 m ^7 l 4 ,? l f 100 35 35 2 0,89 8 1 7 , 7 . 1 2 0 28,656 47,038 1 5 ,2 9 ^ n » 12,257 52,145 8 ,321 5,435 3^,679 108,229 23,347 25,072 9 0 , 50 ^ 2 2 8 , 3 1 0 6 4 ,iio 49,489 27,965 loo,9«3 29,793 17,502 rt ~r n r* ~rs~\r\ i !, n t "l i ”71 I 76 43 56 14,467 1 9,203 3^05 269,53? ^2 l i ’ krn 11,351 M 98 10,491 3 0 5,18 1 27,171__ 3 1 , big__ p^,->92---9?2»_797 7 ,4 o 3 75,235 l 4 o , 6 i 2 2 , 1 79 ,2 2 5 20 ,8 58 7 ,0 0 9 22,806 1 ,3 2 1 ,0 6 1 L "7 U 7C 0*7 h '. & Q’ C’ C’ 111 uC Z i 23,462 iiiA i_ L /O 370,745 782 ,6 77 5 ,1 0 3 ,3 6 4 6 77,0 51 805,689 3^3,093 268,194 1,30;?,434 3 18,262 2^9 , 4-20 44 3 ,3o6 202,153 5 ^0,762 li.,0 5 9,40 5 5 * d™=i*s __________________ilS 266 42b 295 22,221 300 358 93,865 119 ,447 462.066 10 3,76 1 58,212 83,257 31,22-* 214,531 2.0 *7,503 G o « r S n t d e p o sits _______________ 35 7 « 3 8 7«7 " f c W l ^ X T O 11.712 7,379 4 3,0 13 12,26 7 7,94 8 6 ,0 4 6 8 , 34 s 3 ,7 3 1 612,268 B ills payable with F. R. b a n t ___ 24,747 553,590 140,513 97 ,6 33 51,819 56,460 76,261 32,205 22,120 5 5 ,0 0 2 29,269 4 0 .5 j6 i . l l . ® B ills rediscounted with F .R . bank 6 4 ,98i 177,205 1 9 , 789 _ _ 28 , 693 _ _ 20 , 1 5 7 _ _ 25,044 37 1 539__30i |t09__i61 3 9 l _ _ a . 5 2 6 7 . ^ 6 _ _ 1 S ,5 1 4 _ _ _ _ 4 o 7 ,704 Net demand d e p o s its _______________ 3T Co™arative~data~for~banks~in~Eederal Reserve bank and branch cities and all other reporting banks. * New York Chicago All F .R .bank cities F.R.branch cities Oct.10____ Oct .3 O c t .10-- Oct-3 Oct. 10---Oct. 3 Oct. 10---Oct. 3 All other reporting banks Oct. 10-- Oct. 3 No. reporting banks ---------------71 71 44 ^ 2d1 2o1 cVooo Tr 3 8,526 3 8 ,l6 6 1,438 1,438 102,205 102,555 63,229 10*. .£5 U .S . bonds to secure c ir c u la tio n -----Other U .S . bonds including Liberty bonds 2 4 6,7b5 248,833 14,207 l4,2co 352,693 355,3-0 1-8,015 6^62 U. S. Victory n o t e s -------------- 108,790 108,399 25,746 2 4 ,36s 1 7 7 ,°93 177,6 6 4 64 ,2 20 o ?,S12 6 3 ,.6 2 U . S. certificates of indebtedness,----M6 9 . I 96 474,120 5 7 ,9 2 4 59,1.5ft__________ 705,871-- 7 1 5 ,00| ---------- -------- ------Total U . S. s e c u r it ie s -----------863,277 869,518 99,315 9S, 220 . 1 ,3 3 8 ,4 6 2 1 ,3 5 0 ,5 3 8 *11. g ® !$ ? ’Z S ip i’ n ^ Loans secured by U .S . bonds, e t c . ----686,903 690,676 75,786 73,*+83 l,O oo,991 I,0 o 9 ,o 9 4 1 3 3 .T O ^>751 Loans secured by stocks and bonds ----- 1 ,3 9 0,18 0 1 ,4 2 1 ,9 1 4 248,423 247,782 2 ,3 4 0 ,0 8 8 2 ,3 5 2 ,S6q 38 4,07 6 3 8 6,37 4 g 9 ,3 l 5 All other loans and investments------- 2,91 0,06 2 2 ,821,775 698,206 682,051 5 , 004,131 5 ,5 1 0 ,7 * 4 ! . 5 7^ ,6 11 1 ,5 6 6 ,6 3 2 ^ I J g Reserve balances v;ith F. R . b a n k -----654 ,l4 0 6 ^ ,3 2 6 119 ,616 117,447 1 ,0 3 3 ,«>? 1 ,0 2 2 ,6 3 4 l g .0 0 6 171,975 167,038 Cash in v a u l t ------------------- 112,881 106,941 39,619 36,924 215,216 203 ,s 6o 6 4 ,3 0 2 6 3 ,5 71 91,227 Net demand deposits ----------- -— - 4 ,6 7 2 ,2 5 2 4 ,6 2 4,47 0 262,499 257,577 7 ,8 6 9 ,4 4 2 7 ,840,227 1 ,4 9 8 ,9 1 0 1 ,4 9 3 ,3 5 2 ^ l , ^ Time deposits — ------------------3 3 9 ,066 329,529 172 ,0 5 1 170,262 909,203 897,517 578,301 575,775 539,999 Government deposits ---------------379,553 390,564 29,353 2 5 ,12 3 526,212 525,172 51.293 51,446 34,763 B ills payable with F. R* b a n k -------496,965 4 7 5 , 7523 7 ,8 52 40,930 826,136 819,310 1 87,642 183,667 16 7,6 17 B ills rediscounted with f . e . b a n k ----159,155 124,347 23,769 26,271 336,605 294,933 6o,S59 59,748 7 0 , 2^0 Ratio of U .S . war securities and war paper _ to total loans and investments, per cent 25.8 26.2 15-5 15-5 22-3 22.5 19*2 13-* 17-0 r7 o 6“ ‘ ^ 2 o? 132 lllV q 383,.>71 6 8 ,8 2 8 2 6 ,5 19 6 2 5 ,9 0 7 5 g ,3 0 3 27,8 67 1 6 5,59 7 70 ,5 4 0 17*1 C O N F I D E N T I A L Not for publication^ RATIO OF TOTAL RESERVES TO C013I11ED FEDERAL RESERVE NOTE AND NET DEPOSIT LIABILITIES RATIO OF GOLD RESERVES TO F . R. NOTES I1T ACTUAL CIRCULATION, AND OF GOLD AND LAY/FUL MONEY RESERVES TO NET DEPOSIT LIABILITIES OF ALL FEDERAL RESERVE BANKS. Ratio of total reserves to net deposit and F .R . note liabilities cantoned Oct, 1 0 -- Oct. 17 Ratio of gold reserves to F.R.notes in actual circulation after setting aside 35$ against net deposit lia bilities Oct- 1 0 -- Oct 17 S t. o5o October 17, Ratio of gold and lawful money reserves to net deposits Oct. 10 -- Oct. 17 1919 Ratio of gold reserves to F.R.notes in actual circulation Oct. 1 0 ---Oct. 17 Boston I+9.5 U9.5 57-7 57.6 65.s 65.0 1+0.2 1+0.s New York 42.0 1+1.2 1+S.1+ 1+6.9 1+3.2 1+1.5 1+0 .8 i+o.s Philadelphia Ho.5 lJ0«3 1+3.3 1+3.1 140.9 Uo.o 40.3 U0.5 Cleveland. 56.0 55*1 67.3 66.6 57 -o 55*3 55 0 5l+*9 Richmond U'4.9 1+5,1+ U9.0 1+9.6 69.5 67.2 3^,6 36,7 Atlanta 1+1.3 i+o.7 1+3 .5 1+2.9 1+3 .5 1+1 .0 U0 .5 1+0.6 Chicago 66.3 6l+, 6 S3.5 80.7 71-7 63.5 63-3 65*3 S t • Louis 1+9.3 51+.1+ 55-8 63.7 53*2 1+9.3 1+7*5 56.s Minneapolis 50«S 1+S.3 60.7 1+9 . 1+ 1+3.6 51.7 5 1 .6 Kansas City 1+5*7 1+3.9 5 I+.0 51.3 51.7 1+7.2 1+1 , 1 Ki .3 Dallas 1+2.7 Uo.s 1+7.9 1+1+.7 1+6.0 1+1 .1 **0.5 Uo.S 52.7 51.6 61.5 60.U 6 3 .2 59.5 1+7.5 1+7 .H 1+9.1 1+S.3 5 2 .8 1+9-6 1+6.7 1+7 .5 s no TOTAL FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS OCTOBER 21, 1919* 5 8 .1 57.6 5 7 .1 ..... C o n f i d e n t i a l Hot for publication Federal Reserve Bank g o ld w i t h d r a w from t h e f e d e r a l r e s e r v e s y s t e m . s t.6 6i During the period from July 2b to August 29 , I 9 19 , inclusive. (In thousands of dollars.) *. « ' 1 Withdrawn 1 Withdrawn for 'Withdrawn for•Miscellansous* Paid to 1 reserves of 1 or not 1 1 use in the * for the U .S . banks * specified ’ in d u s t r ia l arts 1 Government 1 export Boston 756 - - 73 5 ,6 2 7 - Total 829 309 3 4 ,7 1 0 3 4,303 New York 6,241 Philadelphia 4,270 - Cleveland ^,9 3 6 - - - - 4 ,9 3 6 Richmond 2,72 7 1 1 - 18 2,7^7 Atlanta 8,981 • - 142 Chicago 3 ,337 - - - St. Louis 3,983 - - 200 Minneapolis 328 - Kansas City 601 - - Dallas 820 159 10 3,097 35>095 4 0,077 55,^30 San Francisco Total FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS OCTOBER 22, I 919 . 20,175 30 5 , 7^1 2.35S - - 5 _ _ 9 ,1 2 3 3 ,3 ^ 2 4 ,1 8 3 28 - 356 - - 601 7 1 ,0 16 30 186 3 8 ,4 0 8 2 ,77s 528 104,554 a? • C O N F I D E N T I A L Hot for publication GOLD WITHDRAW FROM THE FEDERAL reserve sy st e m . During the period from August 30 to September 2op 19^9 1 inclusive* (In thousands of dollars.) Federal Reserve Bank » * Paid to the U. S. 1 Government Boston • Withdrawn 1 for 1 export 7^7 » Withdrawn for •Withdrawn f©^Miscellaneous' » reserves of * or not 1 1 use in the 1 banks 1 specified 1 ’ industrial arts 206 - 953 - - Total 277 27,01S - - 4,330 - - - 3,5**9 - 2 - 1 ,6 1 5 - 17 5 6 ,7 9 2 50 - 20 - 3 ,2 S 2 - - 121 - 2,379 - 20 - 233 - 527 Hew York 2,934 14,233 Philadelphia 4,320 - Cleveland 3,549 - Richmond 1 ,6 1 3 - Atlanta 6 ,770 Chicago 3 ,2 1 2 St. Louis 2,25S - 7 ,4 3 2 10 2 ,1 3 6 Minneapolis 213 - Kansas City 527 - Dali as 554 S5 - 66 115 S20 San Francisco 771 24,293 k 2 240 25,310 2 7 ,U 6 s 3 8 ,S 6 l 7 , 65 s 2,384 637 76,80S Total FEDERAL RESERVE BOARD DIVISION OF REPORTS M B STATISTICS OCTOBER 23, 1919. - G O L Summary of transactions for week ending: October 25 1919 : Aggregate Balance Federal last Gold ;withdrawals Gold Reserve with statement de- : & transfers Bank of Oct, 16, drawals posits :to Agent’ s : Fund -Boston 50 50 56,336 ; New York 10,000 10,000 : 5 7,73 2 :1 0 ,0 0 0 ; 1 ,5 0 0 Philadelphia 35,6 80 63 : Cleveland 53,072 15 1 1 Richmond 22 ,517 ; 3,506 Atlanta : 6 1,005 . 8 ,426 6 ,6 4 0 10,341 Chicago 132,293 2,800 5,651 ! 651 16,296 St. Louis f* 5,064 1 2 , 67 U Minneapolis 73 Kansas City 29,850 112 ; 112 9 6 ,2 8 4 ~£allc*s 6 ,400 San Francisco 39,554 •: 6,400 :1 7 s220 29,370 3 3 . s6o ’ Total 476,514 Federal Reserve Agent at F E D E R A L R E S E R V E Bal ance last Gold Gold with de statement drawal s posits Oct. l6, 1919 2,000 59,000 90,000 63,889 90,000 2,000 39,000 Boston Hew York Philadelphia Cleveland Richmond Atlanta 4 3,000 Chicago 2 71,2 2 5 St. Louis 58,931 Minneapolis 23,800 KcJis^s City 3 0 ,36 0 9 ,4 8 4 Dallas San Francisco . _ 8 5 ,1JJL. _ ,?ctal_____ 863*806 1,00 0 4,0 0 0 - - 3 ,0 0 0 2 ,u 0Q - 1,000 _ 1,000 - - 13,0 0 0 3,000 F E D E R A L RESERVE BOARD D S E T T L E M E N T F U N D (In thousands of dollars) Aggregate T R A N S F E R S deposits & transfers from Debit Creajt Agent’ s Fund 76 8 ,979 10,000 b64 33,lb3 10,6 84 03 17,593 86 8.023 15 J 11,328 9 ,0 5 1 1 ,0 0 5 5,538 . 376 46,236 10,341 33,9 79 49 2 ,800 3 ,2 7 4 29 5 ,064 3 ,732 50 3 ,3 0 1 73 1 6 , 6*27 18,0 45 9 848 1.2 4 7 29 ..370 A G E N T S' F U F B Deposits Withdrawals for th^emgh transfers transfers from bank to bank l i b , 489 l i b ,489 X-1700 CQNFI BENTJ.5T, Balance in Settlements from October 17 to Fund at October 23 1919, • botn inclusive. close of biisiness .Net Total Total Wet Oct. 2 ^ 1 919. Credits Credits Debits Debits b3,?72 16,189 141,163 157,352 20,348 110,579 472,7^9 493,097 3 1 ,5 9 5 160 ,993 9,557 17o,550 3 9 ,8 7 0 5,280 129,^33 13^,713 8,858 164,272 155,414 35,097 8,158 56 51 s 58,847 2,329 200 j 77 29,228 230,005 1 ,848 152 ,50 7 i3*+,35i> 28,488 5,109 3 7 ,4 14 8,926 3 2 ,1 77 * 8 8 ,^ 3 5 9 3 ,9 29 4 ,9 7 3 5 :g s 6l,j>7^ ““ 60 .563 - 5 5,32 0 5 7,1 76 1 ,7 4 5 ,5 8 b BolcJice at : close of : To tal deposits business : Oct. 23 1 9 1 9 : Total wi th~ arawals 58,938 1 ,7 4 5 ,5 8 b • — • 2 r000 - - 1 ,5 0 0 1,50 0 3 1^ 6 ,6 4 0 5,000 - — 3 ,5 0 0 6 ,640 2,000 1,000 4 ,0 0 0 3 ,ouo - 5.000 - 2,000 1,0 0 0 1,0 0 0 T 6 ~640 - - 13,0 0 0 ' 1 9 , b4o 57,000 90,000 65,389 ; : : 3 7 ,0 0 0 ; 2 73.8 6 5 6 3,9 31 : ; 3 2 ,36 0 9 ,484 8 5 ,1 1 7 ; 90,000 2 0 ,8 00 8 7 0,44 6 3^ ,317 55,320 472,024 of gold by banks through trcaasfers and settlements. Decrease - 1 ,7 6 2 : ; : Increase 7,28b ^ 52.847 2 ,6 4 8 1 3 ,2 1 7 - 4 1 ,4 85 1,377 12,629 . ; 6 ,5 8 1 2 ,2 33 : ; 2 ,2 54 1,208 ; - 72,564" - 1,363 7 2 ,5 6 4 J GOLD RECEIPTS AND DISBURSEMENTS OF EACH FEDERAL RESERVE BANK DURING THE V I E W , ENDING OCTOBER 3 , 193-9 • St. 667 (Figures do not include gold received from or paid to another Federal Reserve bank.) _______________________________ (In thousands of dollars.)_____________________________________________________________________ t R E C E I P T S 1 By ' » Credits to deposit accounts 1 notes A ll 1 In exchange for • Member 1 foreign ' other 1 Total !U.S« Government1 1 Other banks, 1 ' Fran U. S. ' From agencies » banks 1 Total * 1General Account1 Receipts 1 Government 1 members 1individuals, etc . 1 lotal K.S. - 1 6o 2,474 41 405 i. 65 124 2*40 Boston 2,939 34S 12,438 415 346 SO 34 13,2 8 1 44 New York 2 447 820 447 2 2 ,7 U 3 ,9 9 7 Philadelphia 19 17 2,946 2 52 113 Cleveland 113 2,779 33 19 l , 66 l 1,6 9 1 8 22 22 s Richmond 1 ,3 4 4 1,220 kj> 2,607 1,34+ ^3 Atlanta 580 580 8 Chicago 3 17 9 M 33 M 33 46 46 St. Louis 1,593 1,639 4 30 30 Minneapolis 915 979 3 27 ?° 4o 40 1 ,6 9 2 1,6 2 7 Kansas City 25 25 46 881 — 46 100 i,o4o 13 Dallas 13 748 748 10 1 l 2,3 1 s 1,559 San Francisco 9 3 9 ,7 6 2 144 2,003 1 , 58b 2,523 2,523 Total for system 33,S 9 l 1 ,3 ^ 5 273 ! D I S B U R S E M E N I S t 1 Debits to deposit accounts * By ' All ■ « In exchange for F. R. notes 1 Member’ foreign * other ' Total ! To 1 Other banks, 1 1 U # S. f * To U* S* Disbursements banks ’ agencies 1 1 individuals,etc . 1 Total f Government Total. * N. S. > *Government * members 1 ~ 530 182 182 29 319 Boston 29 1 ,6 0 4 k ,k jl 1,248 7,^18 95 New York M 71 53 1,19 5 1,265 16 122 lb 350 Philadelphia 777 777 50 1,148 740 Jko ■35S Cleveland 214 4 685 k 467 467 Richmond 1 ,886 157 Atlanta 1,729 1,729 520 1,390 s6o 860 5 Chicago 5 5 — 205 740 1 ,0 76 St. Louis 131 131 294 118 100 65 ■ 11 Minneapolis 76 18 210 331 103 Kansas City 103 .. 114 298 5k 53 519 53 Dallas 5^ 11 201 3,921 _ . ._3_il?l_ 1,606 . ,._ .J h J i 2 ........ San Francisco 53 .... 1,659 ^,370 64 8,026 8,499 1,606 1,439 22,33^ Total for system .....67356 g t% 9 17,428 29,521 209 Excess receipts 94 5,976 1,462 5,976 6,023 ^,770 Excess payments C O N F I D E N T I A L Not for publication FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS OCTOBER 24, 1919* STATEMENT FOR THE PRESS. Ssleased for publication Sunday morning, October 26, 1919; not earlier. St, 662 Federal Resorve Board, October 25, 1919* CONDITION OF FED3RAL RESERVE BANKS. Gains in gold reserve through transfer of gold from tho European continent to the Bank of England vaults and a moderate reduction in loan account are indicated in the Federal Reserve Board1s weekly bank statement issued as at close of busi ness on October 2U, millions, 1919* Deposit liabilities of the banks declined about 3*8 and for the fir s t time since September 19 Federal Reserve note circula tion shows but a nominal increase • ratio from Us%3 to Tho result is seen in the rise of tho reserve per cent* War paper on hand shows a decline for the week of }2*8 millions while other discounts f e l l off 6*2 millions* Holdings of acceptances increased 25*9 millions, those of Treasury certificates - 4 .2 millions, while total earning assets show a decline of 3*5 millions* War paper holdings of the Chicago hank are inclusive of millions ^3 rV'of paper discounted for other F» R* banks, while San Francisco apcoptatico holdings include 12«7 millions of bills'purchased from other F* R. banks, as against 13*7 millions the week before# All classes of deposits show decreases for the week; government deposits being i+9*7 millions less, member banks1 reserve deposits 27*5 millions less, and all other deposits, including foreign government credits - 2*6 millions less than tho week before* On the other hand, substantial decreases are shown for tho totals of gold in transit and in custody, also for the t!flo a tu carried by the F*R# banksf both of which items are treated as deductions from gross deposits# Net deposits figure out 3*S millions less, while F* R* note circulation is out 0*9 million larger than the week before* Admission to membership of State banks and Trust companies accounts for an in crease of $323*000 capital account, tho F* R» banks at Chicago and San Francisco reporting most of the increase» Be leased for publication. Sunday morning, October 26, .1919; not e arlier. STATS/ENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS OCTOBER 24, October 17. 1919 October 24. 19 19 » R E S O U R C E S $251,954,000 $ 2 ^8 ,3 7 5 ,0 0 0 Gold coin and certificates 461.193.000 ^ 6 5 ,5 3 5 ,0 0 0 Gold settlement fund - F . R. Board 106.917.000 132.953.000 Gold with foreign agencies 820.064.000 84 6 . 893.000 Total gold held by banks 1 , 201 , 302,000 1 ,1 9 7 ,9 3 3 ,0 0 0 Gold with Federal Reserve Agents 107.077.000 101 .7 7 9 .0 0 0 Gold redemption fund $ 2 ,1 2 8 ,4 4 3 ,0 0 0 $ 2 , l 4 6 , 605,000 Total gold reserves 7 0 .7 42 . 000 6 7.956.000 Legal tender notes, silver, etc. 2 ,1 9 9 ,1 8 5 ,0 0 0 2 , 214 , 561,000 Total reserves 1 , 666 , 055,000 1 ,6 9 8 ,8 8 5 ,0 0 0 ?Secured by Government war obligations Bills disco-antea-^ othe/ 4i6,os4,ooo Bills bought in open market Total bills on hand U. S, Government- bonds U. S, Victory notes U. S. Certificates of Indebtedness All other earning assets Total earning assets Bank premises Gold in transit or in custody in foreign countries Uncollected items and other deductions from gross deposits 5$ Redemption fund against F .R . bank notes All other resources TOTAL RESOURCES L I A B I L I T I E S Capital paid-in Surplus Government deposits Due to members, - Reserve account Deferred availability items Other deposits, including foreign government credits Total gross deposits F. R. notes in actual circulation F. R« bank notes in circulation - net liability All other liabilities TOTAL LIABILITIES Ratio of total reserves to net deposit and F. R. note liabilities ccmbincd Raf'' o c" x l a reserves to F.H-notes in circulation after s'ita-:Ida a*.~in&t rst -Jr^csit liabilities 568.846.000 5 42.95 8 .0 0 0 October 25. 1918 $3 7 6 ,6 7 9 ,0 0 0 41 5 .6 7 6 .0 0 0 5.S29_,Q00 7 9 8 .1 8 4 .0 0 0 l, i s 4 f 99s,ogo 61 . 950.000 2.045.132.000 ___ 53, 0 3 7 ,000 2 . 0 9 8 . 169.000 1 . 092 . 4 17.0 0 0 4-55 , 74 7,0 0 0 __ %os[ 6f,3 . 000 l , 3 ^ 7 ^ 7 f000 2 , 450 , 985,000 2 7 , 095,000 86,000 2 73 , 525,000 2 ,4 6 4 ,6 6 5 .0 0 0 2 7 , 097,00 0 S 1|UvO 2 6 9 ,4 l 4 ,000 2 , 7 5 1 , 751,000 1 3 , 352,000 2 , 7 6 1 , 263,000 1 3 , 336 ,00 0 2,295, 122,'coo 1 , 162 , 167,000 12 , 331,0 0 0 856 323*000 3 . 092,000 28 , 2 5 1 r000 * 322,060,000 ________ 24.000 46 ,3 55 ,0 0 0 1 9 ,2 42 ,0 0 0 918 , 008,000 S t. Ow*Ocv 1919. 9 37 , 250,000 12 , 571,000 „ „ 9*113., 000 5 , 932 , 630,000 1 . 115 . 812,000 85 , 863,000 81 , 087,000 83 ,9 84 ,0 0 0 1 33.639.000 1 , 8 13 , 563,000 7 3 3 , 227,000 1 , 8 4 1,101,000 15.5 50 .0 0 0 6 , l 6 l, 812,000 16 .. F.7Q 000 5 ,2 7 0 ,7 8 5 ,0 0 0 3 5 . 540.000 8 1 . 087.000 79, ipo. 000 1 , 1 34 ;. 000 78, 218,000 1 , 683 , 455.000 • 7 0 2 . 10 7.0 0 0 _ J £ L 00 1 .0 0 0 882.156.000 1 0 1 .43 0 ,0 0 0 9 8 j 878,000 2 ,7 2 9 ,6 5 2 ,0 0 0 2 ,7 5 3 ,^ 5 7 ,0 0 0 251,590,000 5 6 .9 81 .0 0 0 5 ,9 3 8 ,6 3 0 ,0 0 0 48-7? 5 7 . 6$ 2 .9 5 8 .3 2 6 .0 0 0 2 .7 5 2 .5 6 9 .0 0 0 2 4 9 ,6 7 5 ,0 0 0 5 4.6 15 . 000 6 .1 6 1 .8 1 2 .0 0 0 * Includes one-year Treasury notes* 4 8 .3 $ 57*1$ • 2 ,580 , 225*,000 2 ,5 0 7 , 912,000 58, 853,000 42, 865.000 5 , 2 70 , 725,0 00 4 9 ,6fo 59*6^ ®t- 66Sb Released for publication Sunday morning, .'ctober 26, 1919; not earlier. WEEKLY S T A T M M T OF RESOURCZ ALTD LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS OCTOBER 24, 1919 . R E S O U R C E S (In thousands of dollars.) Bo :on ITev/ York Phi la. Clevol, Richa. Atlanta Chicago St.Louis Minn. ICans.Cy, Dallas San Fran. Total 155,967 1,101 15,492 2,257 7,850 24,239 2,932 S,320 173 7,200 15,127 248,375 Gold coin and certificates 7,717 100,792 31,515 42 , 68 b 33,647 7,86s 98,371 l 4 , n 4 10,782 24,866 5,539 28,460 *+05,535 66,845 Gold Settlement Fund - F.R.Board 48,805 10,639 10,905 6,516 4,787 15,825 6,250 3,591 6,383 3,458 6,117 132,9.S3 Gold with foreign agencies 9,707 31,422 1 6 , 2 4 7 4 9 , 7 0 4 846,893 84,269 305,564 i+3,255 69,083 42,420 20,505 138,435 23,296 22,693 Total gold held try banks 35,110 22,028 99,616 1,197,533 Gold with F . R. Agents 67,467 283,000 75,05s 132,740 39,215 50,918 285,649 70,013 37,119 2,076 101,779 Gold redemption fund 19,951 24,780 12,656 401 8,632 6,107 13,555 5,053 1,166 *+,623 2,779 Total gold reserves 171, 6*7 613735)+ 1307s© £02,28* 90,267 77,539 *+37,639 92,362 60,97s 71,155 41,054 151,396 2,1^+6,605 260 1,822 285 67,956 Legal tender notes, silver, etc. 5 , 50*+ 50,585 IS 906 223 1,190 1.437 5,534 57 Total reserves 177,191 663,929131,122203,130 90,^0 78,720 439,07b 103,89b bl, 035 '71 >i 5 42,876 151,681 2,214,561 Bills discounted: Secured by Government war obligations (a) 109,1^6 675,336 iS2,7S9 116,920 s5,780 71,174 186,790 58,424 33,204 52,280 39,263 54,949 1 , 666,055 All other ll,64l 105,083 23,252 23,793 17,125 33. 9S8 57,022 22,231 25,645 49,998 23,465 22,841 4lb,084 1,640 97,213__ 363,846 Bills bought in open market (b) 371 46,385 ... 97,925 ,601 39,779 . 5,357 10,282 43,358 6,213 19,622 b 4 ,368 175,003 2,450,985 8 6 ,8 6 s ' 7 ^ 7 4 7 1 1 0 2 7 7 ^ 115,444 287,170 878,344 20 b , 642 IS O ,4 9 2 1 0 8 ,2b2 Total bills on hand 1677172 3,966 2,632 27,095 8 ,868 116 4,476 1,335 1,094 1,234 1,153 U . S. Government bonds 375 1,257 539 .86 50 4 27 U. S. Victory notes 5 8.200 10,765 273 . 5 S5 14,464 17,099 U . S.certificates of indebtedness 123,961 188,400 2 , 751,751 37,708 105,120 76,534 953,124 237,215 206,319 121,156 130,288 332,169 Total earning assets 189,757 382 4oo 13,353 402 690 3,994 500 8S9 463 490 2,936 2,212 Bank premises Gold in transit or in Custody in 19,242 19,242 foreign countries Untollected items and other 218,507 77,S65 73,239 79,736 42,713 99,626 66,894 22,717 74,532 45,919 te,823 918,008 deductions from gross deposits 68,387 5/o Redemption fund against F .R . 52b 892 605 702 12,571 314 2,651 1,446 1,126 2,123 1,072 375 739 bank notes 856 432 164 469 9,139 242 847 781 515 324 1,323 2,351 335 All ether resources TOTAL RESOURCES (a) Includes bills discounted for other F.R-banks, v iz . (b) Includes bankers’ acceptances bought from other F.R-banks; Without their endorsement 438,943 1,863,79s 448,929 490,550 293,105 253,192 877,253 277,771 171,938 271,717 166,669 3S4 J 65 5, 938,630 - - - - - - 43,052 - - - - - 12,662 43,052 12,662 St. 66sc to lM ae™ Ps ™ ? n™ r « s b * s at c m ® of (in thousands of dollars.) L I A B I L I T I E S * ™ Boston 7 ,03^ 5,206 Government deposits -------Due to members - Reserve account Deferred availability items --Other deposits including foreign government credits Total gross deposits P.R.notes in actual circulation F.R."bank notes in circulationnet liability All other liabilities K *m » October * , 1919. New York 22,051 32,922 5 ,3 1 7 4 ,572 1 .M-79 ,029 40,2 06 6.1-31 116,372 60,322 7 3 7 ,4 3 4 1 7 0 , 09b 5,717 44,146 122,658 9 9 1 ,2 8 2 213,903 75?,50 9 21,352 2,790 52,953 25,263 2 1,0 2 7 S3.9SU 3&JJ& 13,1 2 1 TOTAL LIABILITIES M E M O R A N D A Co; it in gent liability as endorssr on Disuouatsd paper rediscounted with other F*R. banlcs ^3 , 05; 1 5 ,9 00 12,215 * 5,000 5,357 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION. F*R» notes outstanding F,R. notes held by bank F«R*notes in actual circulation Bills discounted Bills bought in open market U . S . certificates of indebtedness 226,453 12,550 i a l "t- a x s , ^e- m t a 3 i L a g 3 f f i 3 & S 216,396 246 , 295 135,114 140,943 463,729 122,611 84,236 3 6 ,2 75 60,930 216,216 2,7-53*^? 750*809 DISTRIBUTION OF BILLS AND U .S . CERTIFICATES OF INDEBTEDNESS BY MATURIEIBS. Total Over 90 days 61 to 90 days 3 1 to 60 days 16 to 30 days Within 15 days 2 , 0 22 ,139 91,262 143,163 10,239 1 , 721,220 115,589 3 6 8,24 6 124,124 76 ,1 6 7 79,954 28,601 1 9 8,13 4 273,525 25,762 3,000 14,875 31,814 213 j 9^3 Released for publication Sunday morning, October 2 6 , 1919; not earlier. St. 668 d STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS OCTOBER 24, I 9 I 9 . (In thousands of dollars.) Boston FEDERAL RESERVE NOTES: Received from Comptroller --- New York Phila. Clevel, Richm. Atlanta Chicago St,Louis Minn. Kans,Cy. Dallas San Fran. Total ( _ 439,480 1,827/220 472 ,860 435,860 2?8,120 274,000 770,680 265,080 145,480 186,020 131,7^0 35 0,62 0 5 ,5 7 7 ,1 6 0 Returned to Comptroller ----- 163,947 Chargeable to f . r . Agent -- 275,533 In hands Of F .R . A g e n t ----- 49,080 Issued to F,R« bank less amount returned to F.R.Agent for re demption -------------226,453 857,294 216,434 149,193 113,552 7 8 .,563 240,536 75,213 43,283 104,180 2 .1 8 7 ,2 43 969,926 256,426 286,667 164,568 195,437 530,144 168,087 97,^25 110,807 88,457 246,440 3 , 3 3 9 ,9 1 7 130,600 10,980 24,495 22,i6o 29,260 24,897 50,515 3 5 ,7 2 0 9 6,993 1 7,5 1 0 48,055 8,690 839,326 234,266 257,4 0 7 139,671 144,922 494,424 1 5 0 ,5 77 26,445 1 0 2 ,1 1 7 183,740 5,4oo 4 0 9,307 63,962 241,040 2 , 980,610 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and certificates • Gold redemption f u n d -------Gold Settlement Fund-F.R.Board 8,544 4,ooo 4,082 13,052 3,267 1,750 8,831 3,713 14,499 242,248 30,999 37,000 45:500 277,105 61,931 20,800 33,360 9,484 85,117 864,686 556,326 159,208 124,667 100,456 94,004 208,775 80,564 49,326 67,007 41,934 141.424 1,^82.677 839,326 234,266 257,407 139 .671 144,922 4 94,424 150 ,5 77 36,445 1 0 2 ,1 1 7 63,962 24i,o4o 2 . 9 8 0 ,610 . 877,733 163,226 179,177 103,959 102,546 2 . 68,329 102,749 64,368 163,661 2 , 3 6 6 , sssr 13,^67 9,260 14,669 30,125 12,615 2,215 54,000 90,000 60,389 90,000 2,500 2,918 - Eligible paper - Minimum re- T o t a l --------------- 226,453 AMOUNT OF ELIGIBLE PAPER DELIVERED to f . R. a g e n t ---- 167,172 8 8 6 , 868 STAlSvEHT FOR E2S PSSSS. Released for publication Monday morning, Oct. 27 ; not earlier. St. 669 Federal Reserve Board, October 25, 1919. CONDITION OF MEMBER BANKS * S u b s ta n tia l re d u c tio n in the h o ld in g s o f T re a su ry c e r t i f ic a t e s , o f f s e t , however, to a la rg e e xte n t by a f u r t h e r in c re a se in loans secu red by sto c k s and bonds i s in d ica te d by the F e d e ra l Reserve B o a rd 's w eekly statem ent of c o n d itio n on October 1J of 776 member banks in le a d in g c i t i e s . No m a te ria l changes are shown in the t o t a ls o f othor Government s e c u r it ie s h e ld , w h ile the amount o f war paper on hand shows a re d u c tio n o f 19 m illio n s , of w hich over. l4 m illio n s re p re se n ts the decrease a t the New York C ity banks* loans secu red by sto ck s and bonds went up about 35 m il li o n s , re p o rtin g an in c re a se o f 2 3 m illio n s under t h i s head. On the other hand the New York C ity banks A l l other loans and in v e s ts ments show a d e c lin e o f 3S m illio n s f o r th e New Y o rk banks and o f l6«5 m illio n s f o r a l l re p o rtin g banks* Aggregate h o ld in g s o f Government war s e c u r it ie s and war paper d eclin ed from 3,2 30*7 to 3 ,1 6 8 *2 m illio n s and c o n s titu te 20.5 Per cen t of the t o t a l loans and investm ents o f a l l re p o rtin g banks/ as a g a in s t 20»9 per cent the week be fo r e , F o r the New Y o rk C it y banks a d e c lin e in t h is r a t io from 25 »S to 25*3 may "b® noted. A p p a re n tly in co nnectio n w ith L ib e r t y Loan in t e r e s t payments due October 15 the Government deposit account shows a d e c lin e o f 129*5 m illio n s a t ^11 re p o rtin g banks and o f 86*5 m illio n s a t th e banks in New York C i t y . On th e o ther hand, other de mand d e p o sits (n e t) went up 91*5 m illio n s ,n e a r ly a l l o u tsid e o f New York, w h ile time d eposits show a t o t a l g a in o f 10.1 m i l l i o n s . In keep in g w it h the la rg e in cre ase in d e p o sits, o th er than Government d e p o sits, re se rv e balan ces w ith th e F e d e ra l Reserve banks went up 25 »9 m i l li o n s . Cash in v a u lt d e c lin e d 2*5 m i l li o n s . Accommodation by the F e d e ra l R eserve banks through the d isco u n t o f the re p o rt in g banks 1 own notes and custom ers’ paper shows a f u r t h e r in c re a se fo r the week of about 55 m i l li o n s . The r a t io o f the combined amount o f these d isco u n ts and Govern ment d ep o sits to the aggregate o f Government war s e c u r it ie s and war paper - which i s in d ic a t iv e of the e x te n t to w hich the fin a n c in g o f Government loans i s s h if t e d frc c i the member banks to the Reserve hanks - shows a .decrease f o r th e week from 70 to 69 per cent f o r a l l re p o rtin g banks and from 6S .5 to 65»6 f o r the member banks in New Beleased for publication Monday morning,October 27, 19195 not earlier. St- 660a STATEMENT SHOWING PRINCIPAL RESOURCE j &D L IA B IL IT Y ITEMS OF MEMBER BANKS IN LEADING C IT IE S . 1. _________________________________ . ( In thousands .o f . .dol l ar s .#)-------------------------------- „— — J u l y 18, I 919 A p r i l 18, 191S G o t. 10, 1919 O c t . 17 , 1919 Cocrparative d a ta f o r a l l re p o rtin g banks. 776 776 769 773 269,365 269,539 269,001 266,779 615,055 611,71^ 650,083 637, 26^ 305,^73 305,121 368,189 945.5^9 992.791 2 , 1 3 5 ,^ 7 2 ,1 7 9 ,2 2 5 2 ,2 1 7 ,3 9 7 2 ,9 8 5 ,5 3 2 1 ,3 0 2 ,1 0 5 1 , 321,061 1 ,3 8 2 ,1 4 5 l,0 9 3 » 9 s2 Loans secured by stocks and bonds other than U. S. securities — — — — 3 , 132,512 3 ,1 0 3 , ^79 ) 8, 355,963 10, 890,625 10, 266,712 All other loans and investments - - 8 , 272,516 ) 1 ,3 9 5 ,5 7 2 1,3 6 9 ,6 5 3 1 ,3 0 0 ,9 1 9 1 ,2 7 5 ,9 8 6 -- -- -- ---- — 368,211 3 7 0 ,7 ^ 36U, 823 3^ 9,952 - — --- - - - - - - - - - - 11,150,933 1 1 ,0 5 9 ,^ 5 10, 716 , 09s 10, 186,109 2, 037,610 2,027,503 1 ,7 6 6 ,5 1 5 1,71^,216 Number of reporting banks - ------ - ~ -- --- ------ - - -0 . S. bonds to secure circulation - - ---- ---------- — Other U. S* bonds including Liberty bonds - - - - ---- - - - U. S, Victory notes - - - --------- --- -------- — Um S* - -“ Certificates of indebtedness - -- -- - - - -- -- -- -- - Total U» S. securities - ■ ----- - - - - — Loans secured by U» S. bonds, stc> — —- —— - Cash in vault - -- -- -- -- -- -- - — Time deposits - - - - - - - — — — ------ - - ---- - - - Reserve balances with F . R . bank----------- - Net demand deposits - --- - - - -_ _ _ _ --— - -- - — - ------ --— --_ ... 9.30.124 _... ........ 2 ,079,4^ 9. ---- Ug2, 804- 612, 26s 4-12,925 652,671 — 1,21^,751 1,181,395 1 ,0 6 8 ,8 1 7 1,159,^ 98 Bills rediscounted with Federal Reserve bank - - - - - - - - - - - - - 439, 3^9 U67, 7oU 3^9,978 281,4-72 Ratio of If. S. war securities and war paper to total loans and invest-, mente, per cent,---- ------------------- - ------ 20.5 20.9 23.0 26*6 Government deposits - - — - — ----------- - Bills payable with Federal Reserve bank — - — - — Released for 2 Data for ™ » » » IB B B O c m * . " * * r t p ? ® S g ^ s in efch “ strict, as at close of business October 1T, 1919, _ ________ (In thousands of dollars.)----- ----- --Boston New Yor^ Phila. Clevel. Richm. A t la n t a Chicago S t .i,o u is Minn* K a n s .C y . Dallas San Fran- Total „ __________ 46 ill 56 89 82 47 100 35 35 76 43 56 77& U°'sr8bonds t S S r 7 c i r c i I t i o n m 0 2 3 “*8,223 11,262 41,851 25,821 14,613 ,20,898 IT,154 7,120 14,517 19,278 34,605 269,365 Other U S including^Liberty bonds 16,476 277,811 30,315 62,744 36,487 28,222 4 7 ,l62 15,590 12,818 25 ,476 19,790 42,164 615,055 n f Victorv notes ______ -____ 10,173 128,900 l6,047 3°,920 15,457 11,944 53,357 8,083 5,285 10,621 4,635 10,056 305,“ 78 ,nrt,htp*iess 35.916 460,600 51, 06s 75.236 30.885 34.645 109.941 22,302 25,322 26,963 29.227 53.4W 945,549 Total u s securities ------ 76,588 915 534 108,692 210,751 98,650 S9,4g4 231, 35s-<,3 , 129" 50, 545 77,577 72:930 140,2b9 2, 1357 m To»nS-amrJd b v T s bonds etc. 57,800 709,829 158,089 107,847 39,915 27,169 104,535 29, 06s 17,302 21,212 6,527 22,812 1,302,105 Loans »ecu-ed by U .S.b o n d , ^ g?1 20o 4^ 315,939 108,211 43 ,726 3 2 3 ,% 5 141^840 30,062 68,185 27,838 1 1 3 ,^ 3 3 ,1 3 8 ,5 1 2 A i r ootner t h j r loans i o l s V&i nxnv&stmauts v sto e n ts - b 650 324 J3>^220,’ 783,^58 323,106 326, 666? 1 , lg 2 75 ,^ 1 281,470 263,476 460,390& 183,31^ 621,201 18 ,3 , 855,963 All > o’ ,^ , I 786 460^330 g ^ ^^ ^ £ 9 5 ,5 7 2 —— all —JB--- J»---- Reserve balances with F.R.bank- 80,777 ^ 22>972 ^ 36 s , 211 Cash m v a u l - - - - 777’ 382 5 120*360 671,682 825,260 347,691 272,891 1 ,3 3 2 ,4 4 6 322,314 263,330 450,203 206,017 5^1,357 U , 150,933 Net demand deposits--- --- 777,382 5 , 1 2 0 . * ° / ? £ £ 2 ,0 3 7 ,6 1 0 Time deposits -------- — 120,714 425, *(( £ g g ^ ^ ^ ^ ogo ^ ^ ■ B ~ a b i f : m SFX ' b ^ : : 34:125 5 5 S > 2 1 4 3 > 8 93,974 52,402 57,542 s4,555 32 , a o 24,297 58,420 27,933 4i,6o3 i . 2^.7 5 1 2 0 _ _____ 25x9^ — 25 i3 3 3 __1 2 i.i2 5 :-_2 ^ 2 1 2 ---- ----------------------- 2*2-2 Bills r ediscoun ted^iJd^F.R. bank__ 6ox808____ 187,044__30i2 3. Comparative data for banks in Federal Reserve bank and branch cities and all other reporting banks. -r^-ntrtin-^bmiks New York Chicago All F.R.bank cities F.R.branch cities repor-tm& taiiks Oct.17-- Oct .10 Oct.17-- Oct.10 0ct.l7-- Oct.10 °c_t.l7 0c* ’g 343 343 No. reporting banks —----------- --- ,J ip g Xg7R?6 1^8 1^8 102 280 102,205 63,629 63,229 103,456 0 ; L ^ ! s ! b o n d s ep i u d i n g L ib e r t y bonds - 247,928 246,765 l£ ,l| 1^,207 3 g .g 7 352,693 120,303 118,015 Ijg .f t g Total U, S. securities ——-- ---- — 832,729 803,2,7 99,403 3>,3 5 ’—Sc t qqi Loans secured by U .S . bonds, e t c .---- • 672,833 686,903 79,303 75,786 1 »°50,785 1 ,0 6 6 ,9 9 Loans secured by stocks and bonds---- 1,413,569 1,390,180 247,064 248,423 2,366,772 2,3^0,088 All other loans and investments----- 2,872,10 1 2 ,9 1 0 ,0 6 2 63 7,73^ &9S,206 5,55M>+3 5,6o 4,131 Reserve balances with 1?. It. bank----6 » .j g 654 ^ ^ , 9 7 1 119,61 1,042 0 2 ^ 1 , 0 3 ^ Time deposits -- ---------- Bills rediscounted 'vith F.R. bank---Ratio of U.S.war securities aild v/ar paper Jo to ta l lo an s and. in ve stm e n ts, per cent g 3 ,9*7 339,066 l t 74 169,295 159,155 25-3 l g ,9 g ix? l5^ 00Q 3 , 95 -,gl+’ 07g 385,396 3 ^ ,0 7 6 1 ,5 9 3 ,3 0 1 ^ M l 181,362 lg .O O | 172,051 91? b|3 9 , ^ > . 0:308 22,304 37:38 i 23,769 84i:699 354,911 826,136 336,W>5 203.472 15*s 150 i g ,^ 6o,0S7 60,859 l6_7 1?-0 118 425 386 344 3 ,-3 ,7 7 9 17 104,105 121,Col 379,315 j> , | 77 7 .^ ^ i5 9 «s,35l 17017 /u,c S t : 672 SATIO OF TOTAL RESERVES TO COMBINED FEDERAL RESERVE NOTE AND NET DEPOSIT L IA B IL IT IE S RATIO OF SOLD RESERVES TO F .R . NOTES IN ACTUAL CIRCULATION, AITD OF GOLD AND LA^FUI. MONEY RESERVES TO NET DEPOSIT L IA B IL IT IE S OF ALL FEDERAL RESERVE BANKS. C O N F I D E N T I A L - Hot fo r p u b lic a tio n Ratio of total reserves to net deposit and FVR„ note liabilities combined Oct. 17— -Oct.24 Eat to of gold reserves to FJwnotes in actual circulation after setting aside yfp against net deposit liabilities Oct. 17-- Oct. 24 Batio of gold and lawful money reserves to net deposits Oct.17-Oct.24 October 24, 1919 Ratio of gold reserves to F. R notes in actual circulation Oct.17---Oct. 24 Boston ^9-5 53.0 57-6 63.2 65.O 74.6 4o.S 40-9 New York 41.2 44.1 46.9 53-3 41.5 47.2 40.8 4i.o P h ila d e lp h i a 4o „3 40-0 *3.1 42.6 40.0 39*0 40.5 40.5 C levelan d 55.1 54.5 66.6 64.5 55*3 55.4 54.9 54.1 Richmond 45.4 47.0 49.6 52.1 67.2 74.1 36-7 35*^ A t la n ta 40-7 41.6 42.9 43.9 4i,0 45.1 4o.6 40,5 Chicago 64.6 61.8 80.7 76.0 63.5 . 56.6 65-3 64-5 S t . L o u is 54.4 55-7 63.7 65.0 49.3 49*7 56.8 58.4 M inneapolis 48.3 ^5*3 57-6 51.4 43.6 44.9 51.6 45.4 Kansas C ity 43.9 42.1 51-3 47.5 47.2 43.2 41.3 41.3 D a lla s 4o.s 4i.o 44.7 45.4 4l.l 41.5 4o.6 40,7 San F ra n c isc o 51.6 47.7 6o.4 53-6 59-5 49.0 47 .4 47 „0 43-3 48-7 57*1 57*6 49.6 51 VO 47-5 47.2 Total FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS OCTOBER 28, I 919 . C O N F I D E N T I A L Mot for publication RATIO OF "FLOAT" OF EACH FEDERAL RESERVE BANK TO IMMEDIATELY AVAILABLE DEPOSITS, ( I n thousands of d o l la r s .) F e d e ra l Reserve Bank Boston C O R R E C T E D October 17, 1919. 286,025 205, 9S 2 20,043 9-5 71,295 2 .5 71,295 8 ,5 P h ila d e lp h ia 100,822 91,929 2,293 7-3 11,771 9-7 11,771 9.7 C le ve la n d 87,240 73,724 13,^56 s.s 14,201 9-3 13,202 8.6 Richmond S 7 ,8 l6 72,965 8,851 1 4 .4 9 ,4 7 4 15.4 9,400 15-3 A t la n ta 45,330 41,715 3,615 6 .5 3 ,9 0 6 7.0 3,633 ^ r0*5 Chicago 136,171 102,967 33,204 11.7 29,412 10-4 25,043 8,8 S t . L o u is 72,03^ 59,30 8 12,726 17.3 13,026 17-7 11,724 15.9 M inneapolis 20, 5^8 I S , 409 2,139 3-5 6,236 1 0 .3 5,933 9 .2 Kansas C it y 76,154 59,111 17,043 17-7 17,040 1 7 .7 8,811 9-2 D a lla s 55,710 32,570 17,140 £9-7 21,213 3 6 .7 12,723 22.1 San F ra n c is c o 48,175 32,643 15,532 11.9 20,952 ' 16.1 11,401 S .S 1 , 114,036 882,156 231,880 11.2 231,880 11.2 198,004 9-5 FEDERAL RESERVE BOARD DIVISION OF REPORTS AL-TD STATISTICS OCTOBER 28, 1919- s t .663 I 1 "FLOAT" 1" F lo a t " a fte r adding net d e b it 1 " F lo a t" a f t e r deducting N a tio n a l and F * IL "bank 1 R a tio to 1 or deductin g net c r e d it in f n o te s, a lso n e t investm ent in t r a n s f e r s from D e fe rre d 1 U n c o lle c te d second c a lc u la t io n 1 Saturd ay’ s settlem ent a v a i l a b i l i t y * Amount 1im m ediately' 1 i terns 1 1 a v a ila b le 1 R a tio to inaxiediately 9 ’ R a tio to im m ed iately’ item s 1 t d ep o sits ' Amount ’ a v a ila b le d ep o sits ’ 'Amount 1 i a v a ila b le d e p o sits 1 P e r cent Per cent P e r cent S.S 12,408 12 , 748 19,232 9-1 98,011 1 3 .7 78,773 Hew Yo rk T o ta l C O PS • COMPOSITION OF UNCOLLECTED ITEMS AND DEFERRED AVAILABILITY ITEMS. C O N F I D E N T I A L Not for publication (In thousands of dollars.) Batik. I UNCOLLECTED ITEMS t 1Checks’ N atio n al Bank' ' C l e .x i a 0 ' and 1 n o tes and ' ’ House ' o th e r( bank notes o f 'T r a n s f e r s other ' bought 'Exchang es' cash * t 1 ite m s1 F .R . banks 1 1 1 \ 1 1 A l l other 1 ^ x c o lle c t e d 1 1 item s 1 T o ta l October I I t » Gold 1 Settlem en t 1 ' Suspense r » t 1 ( ! 17 , 1919 DEFERRED .*V A IL A B IU ?Y ITEMS T 1 \ I 1 S t.663a 1 1 » T ra n s fe rs T Government 1 Other ' tr a n s it ’ t r a n s it 1 so ld T 1 t item s ' ite m s ' ' T o ta l 3,65S 62 340 - 93,951 98,011 24,247 - - 54,52b 78,773 26,071 7,76U - - 252,190 286,025 81,899 - - 124,083 205,982 P h ila d e lp h ia 9.32S 2,518 - - 88,976 100,822 30,281 - 2,007 59,641 91,929 C le ve la n d 8,1^3 20 389 610 78,078 87,240 23,279 - 1,159 49,346 73,784 Richmond 4,920 289 Jb - 82,533 87,816 26,063 - 2,153 50,749 78,965 A t la n ta 3,067 308 273 - 41,682 45,330 8,872 - 1,578 31,265 41,715 Chicago 13,899 - 1,279 4,915 116,078 136,171 35,362 1,S 25 2,547 63,233 102,967 S t . L o u is 3>ioj 4§g 393 909 61,173 12>9$£ 22, $82 - 3§4 36,07? 5 9 ,3 0 8 M inneapolis 3,983 66 15 288 16,196 20,548. 6,744 - 668 10,997 18,409 Kansas C ity 1,367 1+29 351 7,878 66,129 76,154 14,547 - 44,564 59,111 Dallas 1,1+59 865 l4i 8,364 44,881 55,710 12,400 75 1,593 24,502 38,570 San F ra il c isc o ... .l>o.5A 190 196 J 2 ,3 ^ 33,336 48,175 12,581 59 SO.002 32,643 12,369 3,451 32,326 931,203 1,114,036 299,157 12,118 568,980 882 , 15b Ie § t e n New York Total 84,OS7 FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS OCTOBER 23, 1919. 1,901 - st . 671 RATIO OF "FLOAT" OF EACH FEDERAL RESERVE BANK TO IMMEDIATELY AVAILABLE DEPOSITS. C O N F I D E N T I A L Not for publication. Federal R eserve Bank Boston (In thousands of dollars.) October 24, 1919 *"Float" after adding net debit’ "Float" after deducting National and F. R* Bank 1 "FLOAT"______ • Ratio to • or deducting net credit in • notes, also net investment xn transfers from Deferred * •Uncollected second calculation .Am ount •immediately'____ Saturday1s settlement •_______ availability* * i tems Ratio to immediately •Ratio to immediately1 t » available r i tems 1 available deposits 1 deposits 1 Amount • available deposits Amount t i Per cent Per cent Per cent 8.6 10,682 8.3 6.2 60,388 10,991 62,387 7,999 216,731 170,096 46,635 5*7 58,726 7.1 58,726 7*1 Phi 1adelphi a 77,265 69,001 8,864 7.* 10,705 8.9 10,795 8.9 Cleveland 72,239 66,593 11,646 8.4 9,745 7-1 8,804 6.4 Ri chmond 79,726 69, 1+31+ 10,352 15-2 7,880 11.6 7,779 11.5 Atlanta* 1+2,713 34,1+12 2,301 14.7 4,870 8.6 4,654 8.2 Chicago 99,626 77,233 21,793 8.1 19,203 7*1 14,339 5-3 St. Louis 66, 891+ 52,962 13,932 19.4 12,378 17.2 11,497 16.0 Minneapolis 22,717 15,750 6,967 12.1 5,792 10.1 4,288 7.4 Kansas City 74,532 58, 861+ 15,66s 17.6 12,087 13.6 2,977 3.3 Dallas 1+5,919 31,365 14, 551+ 25,1 14.437 24.9 8,953 15.4 San Francisco 42,823 _&-5.23.. i6«594 15.3 16,185 13.-7... .......... _SbJio_........ 916,232' 733,227 183,005 9,2 183,005 9.2 152,714 New York Total federal reserve board DIVISION OF REPORTS AND STATISTICS OCTOBER 28, 1919 ........I-l ___ C o n f i d e n t i a l Not for publication COMPOSITION OF UNCOLLECTED ITEMS AND DEFERRED AVAILABILITY ITEMS. (in thousands of dollars.) Bank t Uncollected Items I ? * ‘Checks’National Bank’ I I * Clearing1 and 1 notes and ' * House 1 other’bank notes of' Transfers1 All other 1 Total 'Exchanges' cash » other « bought 1’uncollected1 * ' items* F.R. banks ' 1 items t Boston 2,341 21 26,960 6,959 Philadelphia 5,1+81 2,076 Cleveland 5,250 12 S4i Richmond 3, 22s 36 101 Atlanta 3,824 U3I+ 216 Chicago 5,434 St. Louis 1,767 Minneapolis Kansas City New York Dallas San Francisco .. Total - 1 DEFERRED AVAILABILITY ITEMS 1 I T f I 1 1 ' Gold 1 Transfers Government1 Other 1 * Settlement * sold transit f transit i * Suspense ? items * items - 65,716 68,387 22,418 - - 182,812 216,731 79,662 - - 70,308 77,865 27,414 - 72,036 78,239 19,754 - 76,421 79,786 - 38,239 100 90,434 170,096 1,369 40,218 69,001 - 3,036 43,803 66,593 24,058 - 72s 44,64s 69,434 42,713 5,172 - 741 28,499 34,412 1,165 49,440 77,833 32,798 52,962 - 88,828 99,626 26,728 18$ '416 465 64,060 66,894 19,930 - 234 2,131 76 318 1,192 19,000 22,717 5,527 - 286 1,111 i+93 345 8,765 63,818 74,532 12, S89 - 734 504 170 5,314 39A97 45,919 8,035 - 58 202 6,674 33,533 42,823 7.558 10,855 4,800 25,992 813,968 916,232 259,145 60,617 Total 60,388 3,482 ...2,35.1. I I * t * 37,970 1,882 - FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS OCTOBER 28, 1919 . 309 S t.671a ^ctotier 24, 1919 500 — 9,937- 15,750 45,975 58,864 619 22,711 31,365 1 --...-- 90 J IS ,880 26,529 501 8,268 465,313 733,227 CONFIDENTIAL Not for publication F e d e ra l Reserve ________ Bank ACCEPTANCES HELD BY EACH FEDERAL RESERVE BANK ON THE LAST FRIDAY IN SEPTEMBER, ^9^9, DISTRIBUTED BY CLASSES OF ENDORSERS, ALSO AMOUNT OF SUCH ACCEPTANCES PURCHASED FROM ACCEPTORS AND AMOUNTS ENDORSED BY MORE THAN ONE BANK OR BANKER. bt.ooo (In thousands of dollars.) •A cceptances ■bearing’ Acceptances endorsed* A cceptances ' ’ Acceptance s ’ Accep tances endorsed ' endorsement o f 'b y'o ne or more ban ks’ not endorsed’ ’ bought from *by more tnan one bank ' one or more ' other than member ’ by any bank ' T o ta l 1 the or banker (o th e r than * member banks* 1___________ banks__________ 1 or banker *________________ 1 acceptor — '------ the accept or.)------- Boston New York Philadelphia Cleveland Richmond Atlanta $23,741,131 $6, 247,962 45,180,704 31,220,615 681,255 28,306,080 200,000 - $12,973,882 - $42,962,975 - $2,481,826 76,401,319 - 3,548,135 - 53,586 734,S4l 11,373,803 830,516 40,510,399 183r375 - 6,128,879 6,328,879 6,128,879 - 5,099,53-8 5,099,538 Chicago 34,719,108 7 , 626,366 425,314 42,770,788 St. Louis 10,709,014 - 367,782 11 , 076,796 Minneapolis 19,622,023 - Kansas City 12,653,348 2,584,715 Dallas - - 107,918 15,345,981 507,160 507,160 53.092.455 27,987,35.1___________ 50,000 Total,Sept.26, 228,905,118 87,040,812 Total Aua 29 ’ 19 July^>5,’ 19 224,838,624 242, 361:213 107,820,292 112,487,18 San F ra n c isc o l o t i 19,622,023 $211,183 1 , 202,698 200,000 5,099,538 25,000 7,802,910 - - 21,115 3,456,572 5,722,955 507,160 81,129,806 Ic^JO^----3,^ 055,667---- 26, 544,575 342,490,505 12,371,953_______________ 30,480,501 363,139,^17 60,386, 56s 20; 708,05 8 375, 556,499__l6,110,721______ ^ 7 5 , 7 7 7 ______ ^ Includes acceptances endorsed by both member and non-member banks FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS OCTOBER 28, I 9I 9 . NOTE; or banker s. Acceptances bearing endorsement of acceptor only are classed as "Acceptances not endorsed by any bank or banker.
@FedFRASER