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Be leaded for p ublicatio n Monday morning March 10, 1915» no^ earlier* S t -250 CONDITION OF MEMBER BJHKS. March S| l^l^* Increased holdings of U- S* war securities follow ing the February 27 issue of over 53^ m illio n s of Treasury ce rtific ate s and a substantial gain in Govern ment deposits are shown i n the Federal Be serve Board7 s weekly statement of con-* dition on February 22 of 771 member banks in about 100 leading c itie s* To judge by the total increase in holdings for the we3k, reporting member banks appear to have absorbed about seventh issue, ..50 267-6 m illions, per cent of the new and the New York City member banks alone - about 22 per cent< - U* S. bonds on hand (exclusive of circulation bonds) show a decrease of about 3 m illio n s, notwithstanding a gain of about 7 m illio n s reported by the Now York City banks * Loans secured by U* S« war obligations went tip about 15*6 mill?, ons, a slightly larger increase obtaining for the member banks i n New York Ci by. Total IiQldings of U . S. war securities and war paper were 3 %80S ..6 m illio ns, increase for the week of 280*2 m illio n s , of which. 208*7 m illio n s f a l l s an to the share of member banks in the twelve Federal Reserve c it ie s * Other loans and investments show an increase of H9 ,3 m illio n s for a l l re porting banks, and an even larger increase for the New Yoik Ci by member banks* Of the total loans and investments of a l l reporting banks the share of war stock and paper rose during the week from 2.6 to 27 -3 P e^ cent * For the member banks in the twelve Federal Reserve c it ie s this share shows a rise from 27*2 to 2S.S per cent, and for the New York City banks -• a rise from 30 *5 to 3 2 per ce^t- Government deposits increased 127*5 m illio n s, net demand deposits ^3 -2 m illions (largely at New York City) and time deposits 12-^ m illio n s . balances w ith the Federal Reserve banks went up 27*7 m illio n s , vault - 1*2 m illio n s . Reserve and cash in Released fcr publication Monday morning March 10, 1919; no^ earlier. St.250a STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN LEADING CITIES, INCLUDING MEMBER BANKS LOCATED IN FEDERAL RESERVE BANK CITIES AND IN FEDERAL RESERVE BRANCH CITIES, AS AT CLOSE OF BUSINESS FEBRUARY 28, 1919* 1. Data for all reporting; banks in each d i s t r i c t - _______ (in thousands of dollars.) Boston New York phi la. Clevel. Richn. Atlanta Chicago St. Louis Minn. Kans-Cy. Dallas San Fran- Total So* reporting banks , >*5 106 5S 90 82 5? 101 37 3^ 76 ^ 53 ' 771 u. S.bonds to secure circulation 14;402 46,606 11,597 4-0,982 25,090 15,265 19,911 16,708 6,469 13,959 17,929 34,605 263,523 Other U.S. bonds including , Liberty bonds 18,895 294,686 39,505 7 M 5 6 52,293 33,381 64,574 25,208 11,723 24,637 20 243 35,677 695 , 67 s U.S. certificates of indebtedness 132.655 916,493 124,773 167,833 6l,4i2 63,708 249,149 65,511 4o,996 47,196 28,420 98,646 1,996,804 Total U.S. securities v 165,952 1,257,785 175,881 283,677 138,J95N112,35** 333,634 107,427 59,188 85,792 66 , 592168,928 2 , 956,005 Loans secured by U.S.bonds, etc. 87.630 625-345 145,429 94,860 38,476 j19,212 88,209 23,914 10,404 11,164 8,060 20,815 1,174,124 All other loans & investments 738,125 3,951^808 593,381 970,540 363,958,302,7^3 -1,381,063 371+> 00 226,598 440,487 17 1,208 504,048 10,024,359 Reserve balances with F.R-Baank 66,985 629,970 67,036 91?l69 33,307 §9,308 163,080 38,988 21,929 45,239 17, -97 48,658 1,253,16‘0 Cash in vault 22,799 114,32* 19,7°5 3o'S20 15,907 14,807 59,021 10,212 8,133 14,449 8,534 18,983 337,698 Net demand deposits 685,824 4,622,35** 638,823 79^,644 316,302 244,520 1,199,664 302,473 216,813 398,344 153,293 415,410 9,988,464 ' Time deposits 10^901 257,057 21,3.5^ 296,360 70,898 102,416 414,249 93,53 1 52,577 65,113 28 , 4 57134 ,319 Governaent deposits ___________ 67,244 ^25,84^ 45,747 59,308 17.656 18,139____ 74.»3.9S__ 2.8,, 7.16__ 13., 219— 20 ,Q3.0--9., 8.Q9-- “---- — —»— 5 2. Data for banks in Federal Reserve bank cities, Federal Reserve branch cities, and other reporting banks. other <p , New York Chicago All F.R.bank cities F.R.branch cities reporting banks a Feb.28-- Feb.21 Feb.28—--Feb,21 Feb -2S— Feb. 21 Teb.28-- Feb.21 Feb.28-- Ff ^ 2 l Feb.2S-- 1,015Jri 772 358 771 No- reporting banks 65 ^4 ^ 255 255 159 159 357 U.S.bonds to secure cir, 262 760 108,403 263, 523 culation 36,388 35,983 1,169 1,119 100,4 4 1 99,688 5^,529 5^,669 108,553 Other U.S. bonds includ^ , , ___ 698,676 695,678 192,392 ing Liberty bonds 253,679 246,814 24,613 25,385 3 84,152 380,536 125,7^8 188,550 122,976 §5 U. S. certificates of indebteaness 850, 761* Total u. S. securities l,lUO,831 Loans secured by U. S. bonds, etc. 583,928 All other loans and investaents 3,550,900 Reserve balances with F.R. bank597,o46 578,641 113,123 cash in vault 101,078 Net demand deposits 4 , 224,491 Time *depo sits 198,370 'l^overrmen.t deposits 299, 9 H Eatio of U*S*war securities and war paper to total loans Digitizedand for FRASER investments, per cent 32-0 ' , >, , 1 ,1 r \x^ 266,941 1,996,804 733,691 i»*a, *+62 127,511 1 .3 7 M S O 1 , 128,091 312 , 501* z f t . M m ^ o 567,736 2 , 956,005 1,016,488 l68,2W* 15>*,015 1,859,>*73 1,668,315 **90,009 ^5**, 56; 606,523 , , 127,659 1 , 174,124 568,069 64,327 62,550 945,401 927,111 103,968 103,730 124,755 \ . 3 > 9 5 > 8 5 s4o, 845 834,034 6,577,956 6,542,139 l > 9 1,300 1,494,867 1,955,103 1,938,125 10,024,359 , „, ,, , > ,^ „/•« 170,136 1 , 253,166 110,309 93^,60 8 906,944 149,147 i4s,382 169,411 337,698 84,173 103,59^ 35,107 36,812 196,252 196 Oil 5^,815 54,330 86,631 9,988,464 1,680,596 4,185,17^ 817,851 805,959 7,039,851 7,002,464 1 250.127 1 262,207 1 , 698,486 200,472 158,659 157,972 654,250 655,326 4s4,4ss 473,,6oi 502 , 494 499, 85s l , 6U!,2 32 680,105 70,659 247,631 42,793 44,6 88 502,727 4.11,27 1 83,839 70,704 93,539 3^*5 21*6 20*5 2 8 ,2 2J*2 25*9 2^*5 23* 22.3 27-3 1,729,178 2,690,614 1 , 158,500 9,975,131 1, 1,225,462 336 , 51 ^ 9 , 945,267 i,6r-g.75S 552,634 26.0 C 0 IT F I D E N T-I A L Not for pub licatio n. PERCEl\iTAGSS OF GOLD AND LA1TFJL HONEY RESERVES AGAINST NET DEPOSITS, S t . 257 PERCENTAGES OF GOLD EE SERVES AGAINST EEDERA1 RESERVE NOTES IN ACTUAL, CIRCULATION AND OF TOTAL RESERVES AGAINST COHBIIJED 3EDEPA1 RESERVE NOTE AND NET DEPOSIT L IA B IL IT IE S OF ALL FEI1SIIAL RESERVE MKKSMarch 7 , 1919 - Ratio of geld and lawful money reserve to net deposits ■fffih.???--Mar .7 Eatic of gold reserves to iVR- notes in actual circulation jfeb *28---Mar .7 Ratio of total reserves to net deposit and F .R . note l i a b il i t i e s combined Fab . 28---Mar .7 Ratio of gold reserves t o LF .R * notes in actual c irc u la tio n after setting aside 35 ^ against net deposit l i a b i l i t i e s F e b . 2S---liar,, j. . !+3 *9 5 3 . 1+ 5 0 .0 1+0.7 1+1+.0 1+3.8 5 U .2 53 -9 1+1.6 1+1.5 ^ 1*3 1+2.6 1+1+.1+ U 6 .5 59*5 5 8 .6 59*6 52.9 5 9 .6 7I+.I+ 7U .3 00,2 1+1.5 H l.O 1+1.U U 7 .9 1+3 .7 6 9 .1 ^1.1+ 1+0.7 1+7.9 l+s.s 5 2 .8 79*5 77.0 6 9 .2 7 0 .9 8 9 .I 6 2 .3 5 8 .1 55 A 72-3 6 7 .2 6 7 .1 61+.6 87-5 1+9.U 6 6 .7 5 8 .5 53 .U l+S<l+ 1+0.1+ Hew York i+6-o 1+6.5 1+1.6 Phi lads Iphia Ho. 8 I+1+.9 Cleveland 59 *^ Richmond U i .i Atlanta 6 5 .3 to * O jlr U 5 .S Boston 52-7 5I+.3 9 1 .s Chicago 5.1-5 6 0 .3 St * Loui s i+i+,o I+1+.3 6 6 .8 Minneapolis 6 6 .7 60,>6 67*3 Kansas City 5s.0 1+6.7 5 1 .0 5 1 .0 5 3 .S i+s.6 1+2.3 1+1.2 39-9 1+1+.7 5 3 .5 3 7 .1 1+1+.0 Dallas 1+2.8 53 -9 -55-5 Us.o 51A 1+9.8 59.2 ..._ . 5 6 .6 U9.0 5 1 ,3 5 2 .9 51,5 51*3. 51.1+ 63 *1 63-3 O Dcrf\ cXl v*ICn /■ */*> JJTrS\U I SCO Total DIVISION OF REPORTS M D STATISTICS FEDERAL RESERVE BOARD ltiA3.CU 11, 1919' 6 S .l SU-,0 REDISCOUNTS AND SALES OF DISCOUNTED AND PURCHASED PAPER EETTCEEH FEDERAL RESERVE BANKS DURING CALENDAR YEAR 1919 C O N F I D E N T I A L Not for publication. . Total Chronological Table - February, 1919 REDISCOUNTED OR SOLD BY FEDERAL RESERVE BANK OF Discounted or purchased by Federal Reserve Bank of Minns apoli s San Francisco Chicago Cleveland Chicago Minneapolis Cleve land Chicago Chicago St Loui s San Francisco Chicago Minneapolis Minneapolis Chi cago San Francisco Chicago Chicago Chicago Chi cago San Francisco Minneapoli s Kansas City Chi cago Date Feb. 3 " 3 " 3 " k » 6 " 7 " 7 « s » 11 « 11 " 11 I; 0 S T 0 N Disc* Dills : Pur* Dills • • « . . » • » . * » 4 . ..................................... ............. * 4 » « " " " " " " 17 17 IS » « " " « < • • 5,036,913 5,010,687 '* • 10, 100,167 * * * * t » » * « « * « » t • * 5 , 03H, 3 sH 5,057,259 5 , 071,020 fc • f « * ( t • * * • » . » « • 10 , 0 2 8 000 , : . . . . . f 4 , <» * » • • « 4 4 4 ♦ • • « * , ♦ • 4 ♦ • , * * * • . * . . . . . : * * * • » , 10,028,000 « * * « * » * I 4 't * » • « * ■ # * t * « * * * ♦ ♦ * , 4 * * # ♦ # # * ♦ ♦ # • # t * * # ♦ • 9 f * < > » 4 « ♦ 1 1 * < * * » * * 4 • * 1 * * # r » • « * * * > * 9 • * » * • » * • •• * * « 10, 000,000 * « » » * * ♦ # * * » * 4 * » * * V » 1 + • * * • * t « t 9 m « 15, 000.000 37,267,173 3 0 , 000,000 » 4 * * « I t • * « * « • i « r . t . » 4 * ♦ » « 4 1 4 t • % * * f 10 , 000,000 % » * # « 4 4 4 * I « 1 V * 9 * 4 * tf I f ♦ # * t > * 4 * * f ♦ 4 4 ^ 4 * 5 , 000,000 14 4 4 1 7 , 500,000 * k * * # « > f 4 • 10 , 000,000 5 , 060,295 * # 10, 000,000 « ♦ ♦ / 4 t * ♦ * 5 , ooo, 000 * * » 1 1 ♦« 5 , 000,000 • * 5 , 000,000 10 , 000,000 * 9 5 , 000,000 4 * , »•»»*« ♦» » » ♦ 5 , 0 l6 , 06l : 20,222,953 f 2,532,32^ * • DALLAS Disc. Bills * 1 * RICHMOND Disc. Bills # 5,163,305 t * » * • * • 5 , 001,156 * PHILADELPHIA Disc. Bills » » • 25 27 27 27 « ................. : 1 7 « • . It « * • ll|. 2k » NETT YORK Pur. Bills • IT 19 20 20 « 1 DIVISION OF REPORTS AITD STATISTICS FSDZRAL TT'SwPV? BOARD UARCII 11, 19-9* st.256 * * t j « • * * » # 1 > !4 1 « 30 , 000,000 » * > 3 7 , 500,000 ■ REDISCOUNTS AND SALES OF DISCOUNTED AND FJRCHASED PAPER BETV/EEN FEDERAL RESERVE BANKS DURING THE CALENDAR YEAR 19 lg". (,in tnousanas 01 dollars. C O N F I D E N T I A L Not fo r p u b l i c a t i o n . i / i o n o n x y ; Discoianted or purchased JjciTiiik. of D y jJ p ’f i v n t s r . n r T N m t ’ T i n p s n T . n t t y w t .p a w t . p a * j a ^ BOSTON PHILA. CIEVEL'RICHM. N.Y. Boston ATLANTA CHICAGO1 ST.L. fMIHN. fKAN.CY, ‘ - f U U A UCX i -1 * i t t i t 1 1 1 I t ! f 1 ! ----- SINCE JAN PURTOTAL BILLS Total for Month DALLAS1SAN FRAN n v w o u u ; u i c u L . y st.255 • - - - - ,1913. DISCTD. BILLS 1 , t New York Phi lade Iphia 5,035a 10,100a Cleveland t i i i t r 1 1 t ! I i t 1 I 1 1 1 1 1 f I I ! I 1 1 I t 1 I I I i r t t t t I Fd almond I i t * i i t i i ? t f t 1 Atlanta t T 1 1 I t t 1 t 1 t t 1 1 1 t I 5,057a 10,028c Chicago St. Loai s 30 , 000c 5 , 071 a Minneapolis 10,03 8a Kansas City 5 , 060a Dallas San Francisco Total Since Jan. . Total Pur. Bills Dis. Bills 0 , 2 5 1 3 7 , 8 6 ? T I 1 I I 1 1 1 t 1 1 1 t i r t i i t '30 , 000c’ ’ . 1 I t t t r i t i t t i i i t 1 i i i t i t 1 t i i t i t ( ) 17 TPQa 3 t I 3 0 , 0 0 0 >3 t 0 , 0 0 0 - - - - - - - 5,057 133,722 5,071 5,071 5,071 40,038 78,6o4 15,091 5,060 10,070 10,070 63,513 I t i * - - 17 ,.7.29_ t « t 10,017 - 82,5^5 1^3,779 1 - - 3 0 , 2^0 20,223 15,135 3 7 , 500c- I i - U 6 - - j I i 46 - 1 I 1 7 - - , m 1 2 . - J 2 2 - 1 i t i t i > < ■ » i i i » - 1 ' 4 6 ' i t i 4 6 > 1 3 7 v 5 0 0 • 1 6 5 , 6 1 8 1 i 1 4 2 2 5 , 2 5 , 2 0 7 S 3 3 , 0 1 + 5 4 - 8 , 0 0 8 4 8 , 0 0 4 6 . 0 1 - * 4 q , o o o t 8 4 6 . 0 1 7 AND STATISTICS DIVISION OF rePORTS : RESERVE BOARD FEDERAL MARC : 11, 1919 7 < 4 o , o o o ‘3 6 , 1 9 0 i >3 6 , 1 9 0 < * * 7 0 . 0 0 0 i 7 0 . 0 0 0 2 3 5 , 5 3 9 7 3 - (a) Acceptances purchased in open market. (c) Member banks* collateral notes secured by Government war obligations. , 2 8 7 212,252 r C O N F I D E N T I A L Not for publication Federal Reserve Bank RATIO OF "FLOAT" OF EACH FEDERAL EESERVE BANK TO IMMEDIATELY ■ lin Lnousanas 01 ao-Liars-> . "FLOAT" : "Float" sifter adding net debit referred or deducting net credit in •: Ratio to : Uncollected avallability : immediately: Saturday’ s settlement Batio to immediately items Amcunt: available : items available deposits : deposits : Amount : AVAILABLE DEPOSITS. St. 256 i v i d X O i i 1 , : "Float" after deducting National and F.R. :Bank notes, also net investment in trans: fers. from second calculation :Ratio to immediately available : deposits : Amount 47,706 36,073 11,633 9*5 7,001 5*7 6,666 .5*5 i4i,6os 110,762 30,846 3*7 45,445 5-5 33,508 4.1 Philadelphia 60 , 109 52,235 7,874 6.9 9,126 s.o 9,126 8,0 Cleveland 47,784 36,75.1 11,033 7^ 5,696 3-8 5,255 3 .5 Riclmond ho,862 31,979 8,883 15-5 8,695 15*2 8,636 15.1 Atlanta 26,302 IS,438 7,814 14.9 6,718 12.8 6,136 11-7 Chicago 7M 57 55,23> 19,^23 7 .* l4,6l4 5.6 11,304 U>3 St. Louis t e ,155 3^,225 7,930 10.6 7,611 10.1 6,364 8-5 Minneapolis 12,273 8,887 3,386 5-5 2, 05s 3 .4 1,705 2,8 Kansas City 56,659 ^ 0 ,733 15,926 19.8 13,505 16.8 5,162 6-4 Dallas 19,4 o 6 18,710 696 1*5 5,893 12.5 2,894 6.2 San Francisco 25,^73 12,212 13,261 13«1 12,3^3 12.2 6,241 6-1 456,289 138,705 7-1 138,705 7-1 102,997 5-3 Boston New York Total 594, 99!+ DIVISION OF REPORTS AND STATISTICS, FEDERAL RESERVE BOARD MARCH 12, I 9I9 . .. COMPOSITION OS’ UNCOLLECTED ITEMS M D DEEERBED AVAILABILITY ITEMS. Cn ' NF I D S HTl A L Not for publication. Bank UNCOLLECTED ITEMS Checks rNational Bank : and : notes and : Clearing: other :bank notes of : Transfers A ll other : -uncollected: : bought : house : cash ; other items : i t.pmei 4 V*. *R. ’Banks - - 23,913 36,073 105,571 iUi, 6cs 52,075 - - 53,637 110,762 50 , 16s 60,109 1 8 ,5 ^ - 3,^52 30,239 52,235 U3 , s6'4 ^7 >7 3'4 10,305 - 658 25,288 36,751 — 37,959 40, 8b2 8,099 - 35 23,8'45 31,979 — 22,906 26,302 3,087 - 1,571 13,330 18,US8 - 35,936 55,23^ 167 19,05'4 3^,225 lwl 6,3^4 ^ / 0c?, 00 31,135 ^0,733. 15,819 1+.S51 n,937 _ 5,777 k ,i 6 b - - Cleveland ■3,^0 39 2U1 Richmond 2,7^5 99 59 Atlanta 2,662 152 582 Chicago 6 , 09^ St.. Louis 1,132 _. 72 Total 12 ,155 335 Philadelphia Other transit items U7 J O 6 27 New York Transfers : Government sold : transit : items UU.96U 2JC 0 Bo ston Total Gold Settlement Suspense 5t-25&a 200 590 2,720 65,253 74,657 19,298 79U 1,135 39,022 1*2,155 lU,322 37 310 10,$43 12, 273 2, 482 - - 632 Minneapoli s 972 Kansas City gUi 960 263 8,080 U6.515 56,659 9,5'4S 173 336 729 2,272 15 ,S 90 19 , U06 7,377 8 6 86 10,639 18,710 Dallas 1 ^n \ / J^ .* 12 _ .... 179 I-V 5.925 17.68'4 25.'473.. 2,736 2 52 9,^22 12,212 20,65^ 501 , lUU .160, 52S 692 283,3 U7 U56,289 San Eranci sc<J 10 , 7^2 DIVISION OF REPORTS AND STATISTICS EEDERAL RESERVE BOARD MARCH 11, 1919. 59U.99U - 6,722 X-1421 F E D E R A L R E S E R V E BOARD GOLD SETTLEMENT FUND Cutrrrary of transactions for week ending March 13,1919.________ tin thousands of dollars) ___ Con fidential Aggregate Aggregate Settlements froix Mar. 7 to Mar. 13, :Balance in Gold Gold Balance withdrawals Federal deposits and T R A N S F E R S 1919, both inclusive. ;fund at with Reserve last deposits and transfers transfers Bank of statement drawals to Agent *s frctr Agent’ s Net Total Total Net : business Mar,6,1919 fund fund Credit Debit Debits : Credits Debits Credi±s:Iv'ar,13,1919. --24,840 - -44,^20-94,528 6 9 ,6B8 75 1,176 75 1,176 25,-000 43,579 Boston . 108,922 — 250,667 New York 320,736 58,991 120,000 70,069 ’ 46,297 110,802 T 99,993 Philadelphia 44,945 2,161 10,000 10,809 2,161 — 12,963- . 49,637 6b,120 89,150 Cleveland 4,000 76,187 2,554 4, OCO 2,554 28,000 31,679 49,278 47,233 27.966 340 Richrrond 340 1,098 1,098 5,000 2,045 J 16,822 — 27,733 26,361 21,973 5,000 Atlanta 1,221 1,372 1,221 33,710 . 100,434 — 116,975 149,162 3,000 115,452 Chicago 2, 749 50,000 2, 749 9,010 ! 20,310 — 85,705 76,695 2,547 10,000 St,Louis 18,925 172 172 2,547 7,276 ; 14,375 — — 26,769 19,493 20,000 Minneapolis 26,668 431 431 24,044 ~ — 53,96? 34 53,997 296 5,000 Kansas City 296 28,782 : 12,271 18,845 33,406 15,000 14,561 11,214 664 664 46 46 Dallas 11,091 * 38,397 34,584 23,493 31,076 3,230 SanFrancisco 7,000 TT6r^5U — 9 b ,890 . 507,708 497,214 150,000 98,890 WS,9150 7,633 150,000 4,633 16,507 18,127 Total FI DFRAL RESERVE AGENTS' 1TJND Gold Balance Withdrawals Deposits with Gold for Federal last through Reserve stat errant drawals deposits transfers transfers Agent at Mar. 6.1919 to bank froir. bank — 39., 000 Boston 1,000 New York 70*COO 52,889 Philadelphia 5,000 — 95,000 Cleveland _ Richmond 42,000 — ■ 37,270 Atlanta 2, 00C 292,344 3,000 Chicago 4,000 60,931 St. Louis 3 8 ,5C0 Minneapolis 44,360 Kansas City 2,000 3,684 500 Dallas 1,620 79.879 San Franciscc 1,620 3,000 14,500 Total 855,857 Total with drawals 1,000 — 5,000 2, 000 4,000 — 2,000 ,500 1,620 16,120 Total deposits — 3,000 3,000 Balance at close of business War.13,1919 38,000 70,000 47,889 9 5,000 42,000 35,270 291,344 60,931 38,500 42,360 3,184 78,259 842,737 "" 1 Summary of changes in ownership of geld by banks through transfers and settlements. Decrease 160 809 15,037 -' 6,372 16,290 990 12,724 5,034 • •~F773T6----- Increase 49,931 2,955 439 4,091 57.416 St.287 ?ZEEKLY REPORT SHOWING GOLD RECEIPTS AND DISBURSEMENTS OF EACH FEDERAL RESERVE BANK DURING WEEK ENDING MARCH L (Figures do not include .jold received from or paid to another Federal Reserve Bank.) C . O H F T T) E IT T I A (In thousands of dollars; i . e ., 000 quitted.) Not for publication R E CE I P T S Credits to deposit accounts 'Received in exchange for F.R. notes Total receipts U.S.Gov’ t. : Member and non- : From non From From U . S. Gen'l.acct.: member banks : Total_ Total member s 66 S35 6U * < M > 107 107 Boston 3 U 3 1,511 1,139 1,139 - . 29 New York 173 lU6 lU6 ... zk 27 3 Philadelphia 20s 66 — 6s 96 28 kz Cleveland 8^9 Riclmond 17 1+5 U5 — 787 787 32U Atlanta 52 25S 25S 14 Chicago 76 67 68 — _ 1 8 3 St. Louis 8 $+ 80 6 765 7*+6 13 Ilinneapoli s ** 87 15? — S7 Kansas City 196 151 1+5 U5 Dallas lt23_ J2J& ____________________ 1 3 lS _____________________1 3 £ 7.... San Francisco 2*026______ 1*651_________ S i65^ ® --- k Gk ik kz kz ik 8 __Total_for_System___________________ 1*522- T iV b U R S E M E II T S Jn exchange F.R.notes Boston Now York Philadelphia Cleveland Richnond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total_for System Excess-receipts Excess payments (a) funds. Debi ts_ to_dego si t_accounts U, S. : Member and non- : Government : member banks - Total 95 1,312 10 1,312 10 1,167 1,225 All other N. S. 2>40 1U5 9I+6 62U 1,100 62 ,36 S$k 200 200 138 S3 S3 37 89 50 682 5S3 Total di sbursement s 2 , 25S 63^ 1,167 2,325 1,156 619 25S 897 117 139 7S9_ .19^529. 897 117 89 ____I L 5,187 372 3,260 371 J>6_ 1,352 ' ~7if 36. 1,730 ■ "3 % ' 3,682 2,031 (a) k ,& 5 this amount and net loss as shorn by weekly stitement dae to lade of synchronisation of entries effecting transfer of Released for publication Sunday morning March 16, 1319> no^ earlier# St*26U STATMENT FOR THE PRESS, M<\rch I S , ? V I9 * Substantial withdrawals of Government deposits, more thon offset by addi tions to members1 reserve deposits, and further increases in note circulation are indicated by the Federal Reserve Board1s weekly bank statement issued as at close of business on March lU, 1919♦ But little change is reported in the total of v^ar paper held.. Oth^r diac counts on hand show a reduction of 2*2 millions, while acceptance holdings in dicate a net liquidation of 11 *U millions* Interbank discounting accounts for most of the changes in the holdings of acceptances and discounts reported by the Chicago, Minneapolis, St* Louis and Kansas City banks. The gain of 8*5 millions in U . S* short-term securities represents in part investments in oneyear Treasury certificates to secure Federal Reserve bank notes, partly tempor ary purchases of other Treasury certificates from member and non-member banks* Total earning assets show a decrease of about ^ millions* Government deposits show a decrease for the week of Vi*# millions, while members1 reserve deposits show an increase of U9 millions. Het deposits, be cause of the larger Afloat” reported this week, show a decline of J2.*6 millions* The banks1 note circulation wont up by 17*5 millions, of which 1^*6 millions represents an increase in Federal Reserve note circulation reported by the Boston, Hew York and Chicago banks, and 2.Q millions - an increase in liabili ties on Federal Reserve bank note circulation- As the result of the consider able decrease in deposit liabilities the banks1 reserve percentage remains un changed at 51 ^ p^r cent, notwithstanding a decrease of 8*7 millions in cash reserves and.-an increase of 1*1*6 millions in Federal Reserve note liabilities# He leased for publication Sunday morning March 16, 1919; not earlier. STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS March ll+, 1919 R E S O U R C E S $ 3 3 2 > 7 ^ 9 ,coo Gold coin and certificates 501 .. 073,000 Gold Settlement Fund - F.R,Board R'fl2q .000 Gold with foreign agencies 8 3 9 ,6 5 6 ,0 0 0 Total gold held by banks 1 ,1 7 0 ,6 0 1 ,0 0 0 Geld with Federal Reserve Agents 1 1 Q .2 7 7 .0 0 0 Gold Redemption Fund 2 , 129 ,53^ ,000 Total gold reserves 6 7 . 203,000 Legal tender notes, silver, etc. 2 , 196 , 737,000 Total reserves 1 , 702 ,351.000 (Secured by Gov't.war obligations ' IgU ,012 ,000 Bills discounts3'J': (All other 262 !139,000 Bills bought in open market 2 , 11+8 , 502,000 Total bills on hand 2 7 .223.000 U.S.Government long-term securities 168 , 31+8,000 U.S.Government short-terra securities U ,000 Aj-1 other earning, asoett> 2^ P +70 77,000 Total earning assets 9 , 720,000 Bank premises 683 , 017,000 Uncollected items Sc other deductions from ^ross deposits 6 , 7^ 5,000 % Redemption fund against F. R. bank notes 7 ,507,000 All other resources 5T2U7 ,803 ,000 TOTAL RESOURCES L I A B I L I T I E S 8 1 . 562.000 Capital paid- in U9 ,U66,000 Surplus 150.783.000 Government deposits 1,675*0^5,000 Due to members - Reserve account 505 . 112.000 Deferred availability items 117.522.000 Other deposits including foreign gov't, credits. 2,1452,1+62,000 Total gross deposits 2 , 503 ,055,000 F. RT. notes in actual circulation 139 ,1+79.000 F(.E»bank notes in circulation - net liability 2 1 . 739 [OOP All other liabilities 5 ^ f , 803,000 TOTAL LIABILITIES Ratio of total re serves to net deposit and F.R. note 5l,U£ liabilities combined Ratio of gold reserves to F*R»notes in circulation after 63 -Ofo setting aside 35 ^ against net deposit liabilities St.261+a AT CLOSE OF BUSINESS MARCH 1^, 1919 . March 15, 191S $1+77 , 521,000 372 ,508 ,000 -52.^qqjlqq. 902 , 529,000 869 ,62s ,000 21. 086.000 1,793 ,2l+3 ,000 ___ 5£L,950,000 1,852 ,i 9 3 ,coo 257 , 621 ,LuG 259 ,8 63 , _ 3 2 3 ,2l+8 ,oOO s U o . 732,000 2 , 1 6 1 ,220,000 6s ‘, 3 8 3 , o o o 2 7 ,057,000 159 .835.000 193 ,080,000 1+ ,Ql+0 ,000 i+,coo 1 , 10 7 , 135,000 2 ,3 4 8 ,1 1 6 7 0 0 0 9 . 720.000 368 , 756,000 599 . 197.000 7 ,1+29,000 537,000 l.U 52.000 8 .210.000 5 , 17 s , 13^,000 3 ,3 3 0 ,073,000 March 7, 1919 $31+1 ,070,000 511,227,0°0 _5^2a^0Q g 858 , 126,000 1 ,163 ,8^0,000 _ n i J3i3-Joog 2 ,1 3 9 ^ 7 9 ,0 0 0 ___ 6 s.qg^.ooo 2 , 205 ,1+62,000 1 , 701 ,487 ,000 186,2H0,000 273 ,^93 ,000 81,1+90 ,000 1+9,1+66,000 195,559 ,000 1 ,626 ,076,000 1+56 , 239,000 _ 12U & L 000 2,401,287,000 2,^28,537,000 1 36 , 591,000 20 .763.000 5 ,1 78 , 13*+,000 51 *!+■> 63 ‘Yjo 7 3 ,286 ,ooc 1 , 131+,000 7 2 .023,000 1 ,1+1+8 ,01+7,000 232 , 157,000 81 .Ql+8 .000 1,833,275.000 1 ,1+06,228 ,000 2 ,000,000 Z+550*000 3 ,3 3 0 ,073,000 6i+. 5$ Reloassd f:>r rubUcation Sunday acrrdng March 16, 1919.' not earlier. St.264b HE2KLY* OF EE SOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MARCH l4, I 919 . (in thousands of dollars-) R E S O U R C E S Boston New York Phi la. Clevel. Richn. Atlanta Chicago S t . Louis Minn. Kans-Cy* Dallas San. Fran Total Gold coin and certificates 3 , 27 2 245,713 132 21, Wi2,144 8,092 22,539 5,201 8 , 276 115 6,047 10,775 332,75$ Gold Settlement 5\md - F.R. Board "*7,625 106,615 53,263 5 5 , '^ 5 33,759 16,512 101,502 16,109 17,033 26,202 11,687 35,656 501,078 Gold with foreign agencies 508 2,011 5pg 525 205 175 Sl6 233 233 291 205 3 21 5 ,8 29 Total qold held by banks 51,305 355,339 53,203 77,oq5 3 6 T W ~ 2 5 ,7 7 9 124,257 20,543 25 , 5^2 267608 17,938 567751 239,656 Geld with Federal Reserve Agents 56.681 269,723 61,533 130/721 43,32? 39,246 296,878 62,425 53,132 45,359 18,5o6 92,390 1,170,601 Gold .Redaction Fund 9,559 25,000 25,021 727 8,440 5;5?0 25,317 3,350 5,937 6,205 2,6o6 1,055 113,277 Total geld reserves 107,445 649,122 130.357 202,602 27,864 70,195 447,052 86,902 84,671 72,172 32,950 140.196 2,129,53^ ' 883 1.2l4 2 .310 112 232 2.056 189 67.203 Legal tender notes, silver, etc. 6.5SC 52.091 308 1,083_____ 159 Total reserves 114,011 701,213 130,665 209, 6b5 82,023 71,078 448,266 8 $ ,2 1 8 84,783 7S75o5 41,00b~T50,325 2 , 19b,737 Bills ) Sec -by Gov't.war obligations 144,517 761,365 172,171 110.674 77,358 64,905 152,165 57,93 1 21,144 4o,826 20,921 72,32.4 1,702,351 Disc id)All other 5,245 29,234 11,536 4,503 10,649 12,312 13,336 8,197 1,400 32,342 £3,79S 13,448 185,012 Bills bought in open market q . 8l6 16.897 1,33 2 51,123 6 .610 7 .3 98 51,202 17.366 3 6,332 14,143 1 ,55 8 47,702 262,139 Tjial bills on hand 1-53,578 807,496 191,039 166,360 95,607 24,621 217,303 83, *595 52,276 93,377 52,277 133,4?4 2,148,502 u«3.Gov»t. long-tom securities 53 S 1,330 1,325 1,023 1,234 372 4,477 1,153 117 8,808 3,367 2,633 27,223 U.S.Gov’ t.short-terra securities l5.5l6 63,462 13,720 12*852 5,375 7,965 16, 612 2,o62 9,595 6,120 4,4oo 5,715 168,348 All ether earning assets -_________ -______ ^ ______ - ______ -___________ U ________ -________ -________ -______ _ •~ . L ~ _____ ^ 872,348 206,205 180,285 101,216 92,967 232,392 32,715 68,588 108,365 65,655 147,221 2 ,355,077 Total earning assets 175,532 500 9,720 551 100 2,944 500 221 500 800 3,302 Bank premises 217 295 Uncollected items and other de 623,017 172,196 61,541 57,000 44,292 .32,970 ' 93,566 "43,066 13,226 52,882 21,591 33,796 56,291 duct:] ons from gross deposits 695 356 6,745 335 6l6 199 621 337 5fo Redemption Fund *• F.R .bank notes 1,836 : 98 ' 377 700 . 576 770 502 207 7.507 3H 282 255 249 5qq 1,771 sq2 54o All o&hor resources i? l 347,105 1 , 752 , 666. 400,502 55s, 086 234 , 42 3 . 197 .852 725,677 226,122 166,919 251,257 124,56? 323 , 565 5,247,203 TOTAL RESOURCES L I A B I L I T I E S 4,114 3,192 81,562 5,721 9 s218 3,120 11,350 3,738 20,927 7,577 6,775 3,205 2,959 Capital paid-in 1,185 2 ,44s 1,415 2 , 60 s 2,521 49,466 2,196 21,117 1,510 6,5i6 1,603 2,936 3,552 Surplus 150,783 18, 217 15.063 10,663 15,295 4,213 11,772 23,675 9.942 9,023 12,739 3,530 10,655 GoVermont deposits 132,499 79,298 1,675,045 94'126 715,361 102,767 54,001 42,900 232,801 53,323 53,255 73,131 33,563 Dae to members - Reserve account 509,112 46,608 122,332 55,907 55,856 36,007 20. 121 70,680 35,079 3,703 35,778 13,256 19. 183 Deferred availability items 51 105,705 755 67 s 117,522 616 62 6,509 82 1,922 512 313 323 All other deposits Total gross deposits 159^627 958,466 169,081 192.963 95,303 74,850 329,025 105,916 62,811 120,232 62,395 117,735 2,552,562 F*R.,notes in actrial circulation 163,142 710,002 206,956 229,761 127,679 110,027 517,611 107.702 87,972 100,856 50,551 130,770 2 , 503,095 F*R<bank notes ~ net liability 6,421 7,440 18,315 6,316 12,251 35,3.71 12,653 11,1/8 7,513 139,579 0, 1 5,183 12,727 All other liabilities __ ?j,i5 ____ 7.-783..... . 1 , 627. l.4l4 _ ..._.920 925 JJflP... 7qi .1*901 .. 21.739 1, 213 74.3 _ .579 TOTAL* LIABILITIES Contingent liability as endorser on bills discounted with or sold to other Federal Reserve banks 1 3 ,7 ^ ~ 15,000 20,000 _ 22T.I£tCL 10,87 U _ Released ior publication Sunday morning March l6, 1919; not earlier st.264c STATEMENT OF FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS MARCH l4, 1919* (In thousands of dollars-) Boston New York Phila* Clevel. Ricirn, Atlanta Chicago St. Louis Minn. Kans-Cy. Dallas San Fran. Total FEDERAL RESERVE NOTES 269,040 1 , 380 , 1*80 3 Ul,UaO 33^,060 212,520 20H ,960 563,560 171,800 124, 880 159,700 101,960 25^,220 4,117,600 Received from Comptroller 77,732 456,929 97,459 57.296 52,440 36 , 232 , 2 U . ^ l _ Ul, 581 . 2^J82. 37,96.4 ._2645S. _^Q,M J J 22LJ> Re’;vri.ed tc Comptroller 222,214 3,093,971 121,736 75,605 191,302 923,551 2^3,961 276,76U 160,080 168,722 ^79,013 130,219 100,196 Cnargeable to F*R .Agent 414,950 23,360 1^3,600 24,6oo 32,^90 29,310 54,965 42,oco 9,905 10,900 13,820 24,000 6,000 In hands of F,R. Agent Issued So F.R. bank less amount rewrned to F.R- Agent for 167.948 779.951 219.361 244,274 130.770 113.757 457.013 120.314 89.292 107.916 51 . 605, 2JA,2l4_2t6l9^Q£l redemption 23 CGLIAiERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and certificates on hand GoId re demption fund 9, ° 21 47,000 Gold Settlement Fund - F»R.Board 1 1 1 ,267 Eligible paper, minimum required Total 161,942 779,95* 2 1 9 ,1 # MOUNT OF ELIGIBLE PAPER DELIVERED TO F* R. AGENT 207,496 160, 433; 165,451 159,57 2 188,740 11,043 - 23,270 13,644 12,511 70,000 47,889 95,000 510,168 157,228 113,493 2,999 3,494 1,327 2,073 42,000 35,270 291,345 52,931 32,500 42,360 87,443 73.911 i4o, 135 57.289 36,106 62,557 130,^70 U3,757 4*7 , 913 1*0,3 & S9.29S 197,916 24o, i46 12,521 12,132 72,712 2,641 3,124 80,252 251,737 33,199 124,424 1,502.420 51,605 21 $, 83-4 2 , 679,081 93,377 52,277 127,924 2 , 080,990 - 13,052 l,64o 2,503 5,533 89,491 72,252 217,303 70,092 52,714 MEMORANDA FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F, E. notes outstanding 167,942 F. Ro notes held by bank 4,806 F.R.notes in actual circulation i S p ^ 779,951 219,361 244,274 130,770 113,757 437,013 120,314 69.949 12.405 l 4 .513 3.091 3.670 19.402 12.606. 710,002 206,956 229,761 127,679 110,087 417,6 11 107,708 51,605 216,814 2,679,021 1.75,32b 1,326___7»060___ 1,054 26,041+ 27,972 100,856 50,551 190,770 2,503,095 89,298 107,916 DISTRIBUTION OF BILLS, U* S. GOVERNMENT SHORT-TERM SECURITIES AND WARRANTS BY MATURITIES, Within 15 days l6 to 30 days. 31 to 60 days 6 l to 90 days Over 90 days Total Bills discounted Bills bought in open market U,S,Government short-term securities Munici-okl warrants 1,525,076 99,651 23,503 1 55,292 68,850 3 225,629 76,312 202 59,319 17,326 2,215 21,047 l4l, 822 1,826,363 262,139 168,348 4 Eg leased for publication Monday morning, March 17, 1919; r.ot earlier. CCKDmON OF MEMBER BANKS 03ST I.1ARCH 7, 1-919 • March '-5, 1913 Some liquidation of U. S, war securities and of war paper held, and consider able withdrawals of Government deposits are indicated by the Federal Reserve Board’ s weekly statement of condition on March 7 of 771 member banks in abov-t 100 selected cities. Holdings of U. S. bonds other than circulation bends, show a decrease for the week of 20.1 millions, of which 10 .3 uiliions are shown for the laeaiber banks in Now York City. Aggregate holdings of Treasury certificates fell off about U.U millions, New York City mcdbor banks reporting a larger decrease under this head of 10.9 millions. Loans secured by U.S. war obligations (so-called war paper) declined 40.9 millions, almost entirely at the Hew York City banks. - Other loans and investments show a total increase of 30.2 millions, member banks in the 12 Federal Reserve cities reporting a larger increase of 35-^ millions. Aggregate holdings of U. S. war securities and wax paper were 3803,-1 millions, or 65 .U millions less than the week before, and constituted 2h =9 per cent of the total loans and investments reported, as against 27»3 P3r c3Elfc the week before. For the member banks in the 12 Federal Reserve cities a decline in this ratio from 28.S to 23.3 per cent, and for the New York City banks a decline irom 32 to 31-1 per cent may be noted. .Government deposits decreased 121*9 millions, net demand deposits gained 27 A millions, while time deposits show but little cLange, Reserve balances with the Federal Reserve banks went up 9 millions, and cash in vault S .3 millions. Released for publication Monday Morning March 17, I9 I9 ; not earlier. St. 266a STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF 'MEMBER BANKS IN LEADING CITIES', INCLUDING MEMBER BANKS LOCATED IN FEDERAL RESERVE BANK CITIES AND IN FEDERAL RESERVE BRANCH CITIES, AS AT CLOSE OF BUSINESS 1/LARCH 7, I 9I9 . ______________ _ 1, Data for all reporting banks in each district*________________ (In thousands of dollars.)_________ Boston New York Phila, Clevel, Riclm. Atlanta Chicago St.Louis Minn. Kans.Cy* Dallas San Fran, Total No, reporting banks 45 106 56 90 82. 47 101 37 34 76 44 53 771 U,S*bonds to secure circulation 14,402 46,889 11,597 1*1,182 24, 9^9 15,265 19,911 16,908 6,769 13,969 17,929 3.4,605 264,375 Other U.S.bonds including Lib erty bonds 19,990 283,850 39:335 70,837 52,629 32,711 62,034 23,176 11,377 24,loU 20,344 35»2l+5 675,632 U.S.csrtificates of indebtedness 134,784 904,528 124,079 165, 51662 , 33.6 63,917 252,498 65,581 40,947 50,486 28,885 100,699 1,994,256 Total u. s. securities 169,176 1 , 235,267 175,011 277,535 139,911* 111,893 33 ^ , ^ 3105,665 59,093 88,559 67 , 158170,549 2 , 934,263 Loans secured by U.S.bonds,etc. 88,550 584,489 142,891 97,337 38,106 21,013 88,891 22,556 10,493 10,362 7,950 20,555 1,133,193 All other loans investments 738,378 3,961,566 603,281 961,438 367,984 301,545 1,388,198 380,686 225,016 444,737 172,464 509.245 10,054,538 Reserve balances with F.R.bank 69,555 636,803 64,361 89,399 35,257 27,675 165,191 4l,526 23,359 *+2,433 18,149 4S, 561 1,262,249 Cash in vault 23,254* 116,188 20,700 32,200 17,^51 l*+,633 59,381 10,949 8,055 14,540 8,752 19,932 3^6,035 Net demand deposits 670,l4p 4,622,450 653,853 822, 061310,701 244,605 1,214,504 307,122 219,154 3 83,530 155, 7^2 4l2f057 10,015,919 Time deposits 103,664 259,03*+ 21,581 291,697 71,269 103,452 417,893 91,060 52,727 65,827 28,607 134,820 1,641,631 .Government deposits.._______________ 57,26l 253.057 47,902 43,227 14.274 15,193 63.867 23.003 10.4iq 20.091 9.884 558.178 2. Data for banks in Federal Reserve bank cities, Federal Reserve branch cities, and other reporting banks. New York Chicago All P.R.bank cities F.R.branch cities re-norftnr^nks Total Mar .7 -. 28 Mar. Mar.7 Feb.2 Mar*-'7‘— ffab.28 Mar.7-•— Feb Feb. — Feb.28 Feb. 28 Mar.7— Feb. 28 ' P MarVt----?flb.2S Mar .77— —— Feb.28 No.reporting banks 65 65 44 44 255 I159 59 I159 59 357 357 77 1 771 255 255 U.S.bonds to secure cir culation 36,671 36,388 1,169 101,193 100,441 54,729 54,529 108,553 264,375 263,523 1,169 1,169 101,193 100,441 1,169 54,729 54,529 108,453 Other U.S.bonds including Liberty bonds 243,350 253,679 23,610 24,613 372,089 384,152 118,357 122,976 185,186 188,550 675,632 695,678 118,357 U.S.certificates of in debtedness 839,906 850,764 147,745 142,462 1,372,413 11,376,73*+ , 376 ,73*+ 310,182 312 ,504 311,661 309,420 1 , 994,256 1 , 998, 65s 312,504 ,244 1,845,695 Iota.! u. 8 c securities 1 , 119,927 l,l4o,83,l 172,524 168 168,244 490,009 605,300 606,523 2 , 93^,263 2,957,859 483,268 490 ,009 1 , 345,695 1 , 861,327 Leans oeoured by U. S. bonds, etc. 5^,083 583,928 64,977 64,327 907,095 9^5,**01 103,596 103,968 122,502 124,755 1,133,193 1 .1 7 M 2 4 945,401 103,596 All other loans and in vestments 3 , 562,016 3 , 550, 9' 861,297 s4o , s45 6,613,443 6,577,956 1,*+97,275 1,491,300 Reserve balances with F.R, bank 603,6^5 597,0' U 5,322 113,123 942,004 149,147 934,608 148,631 Cash in vault 102,612 101,078 35^939 200'629 55,* 616 54^815 89J 90 86',631 3 ^ 6,035 337,698 200,629 196*,252 55,616 196,252 54,815 35,939 35,107 Net demand deposits 4,222,288 4,224,4" “ ' 817,851 7,054,974 7,039,851 1,244,799 1,250,127 830,644 160,154 158,659 Time deposits 199,695 198,3 484,488 660, 4io 654,250 477,491 Goverrffnent deposits 232,688 299,9 83,839 38,856 *+2,793 404,628 502,727 63,5^7 Ratio of UoS«war securities and war paper to total loans 21»5 and investments, percent 31.1 32.0 21.6 21»5 21.6 28.3 28.8 25.5 25.9 23.2 23*1 26.9 27*3 28.3 28.8 25.5 25.9 11 irv± OJ oT 1—LT\ & C O N F I D E N T I A L Not for pa'olxcatlon PERCENTAGES OF GOLD AND LAWFUL MONEY RESERVES AGAINST NET DEPOSITS, PERCENTAGES OF GOLD RESERVES AGAINST FEDERAL RESERVE NOTES IN ACTUAL CIRCULATION AND OF TOTAL RESERVES AGAINST COMBINED FEDERAL RESERVE NOTE AND NET DEPOSIT LIABILITIES OF ALL FEDERAL RESERVE BANKS. Ratio of gold and lawful money reserve to net deposits Mar .7— -Mar *ll+ Ratio of gold reserves to F.R. notes in actual circulation Mar. 7-Mar.lU Ratio of total reserves to net deposit and F. R. note liabilities ccmMned Mar. 7-Mar.lU St. 271 March lU, 1919 Ratio of gold reserves to F.R.notes in actual circulation after setting aside 35$ against net deposit liabilities Mar. 7-Mar.lU Boston 1+8 , 1+ U6.6 1+0 . S 1+0.5 1+3.3 1+2.9 50,0 1+7 ,8 New York 1+6.5 51.7 1+0.7 I+I.9 1+3 . s U6.9 53: *9 60.0 Philadelphia 44,9 1+1.0 1+1.5 1+1 .s 1*2.6 1+1.5 U6.5 14+.9 Cle^eland 59-5 57 O 59 ‘6 57*2 59.6 57.3 7 U4.3 70.6 Ricanond. 66.2 72.5 1+1,0 1+0.5 1+7.9 1+9.5 52.7 55.2 Atlanta 69.1 S i .1 1+0.7 * 1.3 1+8.g 1+6. B 5U .3 51.3 Chicago 60 *3: 53-5 77*0 77 *2 70.9 6s.6 9 1 .s S7.6 St. Louis I+I+.3 36.9 62.3 61.6 55*1+ 52.6 6b . 1 62.7 Minneapolis 60.6 1+6.2 67.2 67*2 61+^6 59.1 gl+.O 71+.3 Kansas City ’46.7 39-9 51.0 51.1 1+9 . 1+ 1+6 *6 5S-5 5!+.!+ Dallas Ug.6 U9*o 1+4.2 1+1.6 1+1+.7 l*l+.9 53>5 52.9 San Francisco 53.9 55-9______ iig.O ........i+a^-Q................ ___________ h i z L ___ 51.1......... ...... .................... 5.6*6 51.3 51.3 51.5 51^ 63.3 Total DIVISION OF REPORTS AND STATISTICS, FEDERAL RESERVE BOARD i/UUlCH IS, i9i3 51.5 5 1 . 1+ .... 5 6 .2 ....... 6 3 .O C O N F I D E N T I A L 'Not for publication RATIO OF "FLOAT" FOE EACH FEDERAL RESERVE BANK TO IMMEDIATELY AVAILABLE DEPOSITS. St.272 (In thousands of dollars.) Federal Re serve Bank March lU, 1919 "FLOAT" ; "F^oat" after adding net debit > I * Ratio to; : : Deferred : or deducl-ing net credit in :Uncollec ted: availability: immediately Saturd.ay1s settleraent items : Amount: available : : items : : Ratio to immediately deposits: J m o u n t ; available deposits Boston ; "Float" afteir deducting National and F, R. :Bank notes, also net investment in transfers : from second calculation : Ratio to immediately available : Amount : deposits 56,291 U6,6o3 10,283 9*1 l1!, 907 13 *2 lUjiH 13.0 16s , 500 122,33? Uo, 3.62 5.5 52,25*+ 6.2 3*, 973 M Phi lade Iphia 61 , 5^1 5^,907 6, 63W 5*3 11,171 9.8 11,171 9.8 Claveland 57, COO UU,S56 12, 1UI+ S .2 3 ,S32 2.6 3,528 ' z.k 292 36,007 s, 285 1^.2 8,603 lU.s 8, 57S ifc-7 Atlanta 32,970 20,121 12,8^9 23-5 10,357 18.9 9,61+1 17.6 Chicago 93,566 70 , 6so 22, 8So 8.9 19^15 7-5 20,383 7-9 StLouis ^3,066 35,079 7,987 11 .1* 7,937 11 .U 7,306 10.5 Minneapolis 13,226 9,703 3,523 6.0 2,552 U .3 l,S77 3-2 Kansas City 52 , 882 35,776 17,10U :?0,3 1.5^76 I 8 v? 3,5^7 4.7 Dallas 21,591 1 3 ,^ 6 7,7^5 16.0 9,669 19.9 6 , 9^0 1U .3 1U.607 1^.8 1U.036 1I+.2 8 , 58U 8.7 170,209 g „8 170,209 8.8 135,642 7*0 New York Richmond San Francisco ___33., 73_6 Totai 679,321 13*189....... 509,112 DIVISION OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD MARCH IS, ISIS COI/IPOSITION OF UNCOLLECTED ITEMS AND DEFERRED AVAILABILITY ITEMS. C O S F I D I N T I A L Not for publication. (In thousands of dollars. ) Bank UNCOLLECTED ITEMS : Checks :National Bank: and i notes and : Clearing : other :bank notes of: Transfers: All other : s other : b ought :unc o lie e te d : ; cash house Exchange s : items : F. R. Banks : ; items St.27 2a March ll+, 1919 DEFERRED AVAILABILITY ITEMS Total Gold Settlement Suspense : Transfers : Government : transit : sold : items : Other transit : Total items 7,262 ' 303 193 - ^ 8,533 56,891 18,603 - - 28,005 1+6 , 60s 22, 296 7,523 13,281 - 125/400 168,500 53,135 - - 69,203 122,338 phi lads lphia 6,120 6 , 1U0 - - 1*9,281 61 , 51+1 19,868 - U,U26 30,613 5^,907 Clevaland I+.9U5 1+ 30U - 51 , 7^7 57,000 11,791 - 5,911 27,15^ l+U, 856 Ri chmond 3,856 272 25 r 1+0 , 139 Hi+,292 7,9^6 - 2 , 25s 25,803 36,007 Atlanta 3,097 157 716 - 29,000 32,970 3,09^ - 232 16,795 20,121 Chicago 17 , 1SS - 1+17 15 75,9^6 93,566 36,029 70,680 St. Lord s 2 , 1+53 76 S06 510 39,221 1,001 19.36U 35,079 Minneapolis 1,500 26 ^7 62s Kansas City 730 1,8^7 1U3 Dallas 201 53 s 321 2.1+1+6 31 280 72,69^ 16,917 16,533 Boston New York San Francisco Total DIVISION OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD MARCH iS, 1919.. 18,832 1 , 1+00 1+3,066 1^,029 085 11,025 13,226 2 , 1+lH - 899 6,390 9,703 11,386 38,776 52,882 7,956 - - 27,822 35,778 2,1+08 18,123 21, 591 3,663 929 9,25^ 13 , 81+6 ,.Ml 25.865 33.796 U.279 2 . 50 20,121 553,056 679,321 165,610 2 , 0S7 30,125 ....5 • - & M 3 1U.S5S ... 19,189 311,290 5 0 9 ,H 2
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