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f (' Released, for publication Sunday morning Dec,. 1, 1912; not earlier. St .90 STATEMENT FOR THE PRESS. November 3^» 1918* Large increases in the holdings of war paper, offset in part by redactions in the amounts of other discounts and . Government securities carried, are indicated by the Federal Reserve Board’ s .veekly bank statement issued as at close of business on November 29 , 1918. INVESTMENTS: Of the total increase of 1 3 1 .3 millions in the volume of war pai-er reported fl.U millions represents the increase at the New York Bank, the other Eastern banks and the Atlanta Bank likewise showing substant-ially larger fig ures than the week before. Other discounts decreased 25*5 millions, mainly at the New York, Chicago and Minneapolis banks. A decrease of 55*5 millions in Government short-term securities is due larjely to the redemption of the temporary Treasury certif icate held by the New York Bank to cover last week* s advance to the Govern ment. Total earning assets show an increase of 56*8 millions* DEPOSITS: Government deposits increased 9^ millions, while members' reserve deposits show a more than corresponding decline of 115*1 millions. Net deposits because of the considerable reduction of the "float" increased 35*5 millions. RESERVES: The week witnessed a further gain of 5 millions in the sold re serves, while total cash reserves show an increase of 4.1 millions* The banks’ re serve percentage, largely because of the increase in net deposits, shows a decline from 5®’5 50 per cent • NOTE CIRCULATION: Federal Reserve Agents report a net addition of 4-3 millions to the total of notes issued to the Banks* The latter show an actual Federal Re serve note circulation of 2 , 568.7 millions, an increase of 13*5 millions for the week, besides an increase of 5-5 millions in their aggregate liabilities on Federal Reserve banknotes in circulation. CAPITAL: Increasesin the capitalization of member banks and accessions to membership account for an increase of $47,000 in the Federal Reserve Banks' paid-in capital, Philadelphia and Minneapolis reporting the largest portion of the increase. CONDITION OF MEMBER BANKS, NOVEMBER 22, 191S. Large reductions in the holdings of Treasury certificates, following the re demption of the July 23 issue cf about 585 millions of these certificates, as against substantial increases in the heldings of Liberty bonds and war paper are indicated by the Federal Reserve Board's weekly statement of condition on Nov ember 22 of 752 member banks in leading cities. U .S. bonds, ether than circulation bonds, on hand show a total increase of 49 *8 millions, though the bgjiks in the central reserve cities report a decrease under this head of 3*7 millions. Increases in these bond holdings are shown for nearly all sections of the country outside of New York and Chicagp . Treasury cer tificates on hand show a decline of 270.8 millions for all reporting banks, and of 118*5 millions for the banks in the central teserve cities* Loans secured by U«S • war obligations (war paper) went up 63.2 millions/ over one-half of the increase falling to the share of the central reserve cities. All 6ther loans and invest ments fell off 103'4 millions, the central reserve city banks alone reporting a decrease under this head of 6S .3 millions. The ratio of U .S . war securities and war paper combined to total loans and investments declined from 21*9 to 21.2 per cent for all reporting banks, and from 23*7 to 22.9 per cent for the banks in the central reserve cities* Net withdrawals of Government deposits for the week totaled 270.5 millions, of which 15 C -9 millions represents withdrawals from the central reserve city banks. Net demand deposits at the latter banks increased 19*9 millions. For all reporting banks a decrease of this item by 15*^ millions is noted. Time deposits increased 1 1 .3 millions. Total reserve balances with the Federal Reserve banks show an increase for the week of 106 -6 millions, of which 79 millions represents the gain at the central reserve cities. Cash in vault gained 11*5 millions. For all reporting banks the ratio of deposits to investments shows a decline from 78*7 to J S >1 per cent. For the central reserve city banks this ratio remains unchanged at 85.2 per cent. The ratio of combined reserve and cash to deposits, because of the large gain in reserve, shows a rise from l4«4 to 15*8 per cent for all reporting banks and from 15*2 to 17*6 per cent for the banks in the central reserve cities. For the same reason "excess reserves" of all reporting banks show an increase from 4 2.1 to 149*2 millions. For the central reserve city banks an increase in this item from 27*3 to 103 .7 millions is noted. Released for publication Sunday morning Dec. 1 , 1913; not earlier^ St-90a STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS NOVEMBER 29 , 1913. R E S O U R C E S Sbvernber 29, 1913 ' November 22, 191S November 30,1917 Gold in vault and in transit $370,933,000 $371 ,>+93 ,000 $499,337,000 Gold Settlement Fund, F. E. Board 395,292,000 I+35 ,392,000 3 9 5,236,000 Gold with foreign agencies _____ 5,329,000 rK 329 ,000 52 , 500,000 Total gold held by banks 77 2,059,000 ~”313 *219 -000 9^7^62^000 Gold with Federal Reserve Agents 1 ,2 1 6 , 5U1 ,000 1 , 16s ,Q17,000 661*324,000 Gold Redemption Fund ___ 76,613 .000 _ 7 3 ,129.000 _ IZJL21S,000_ Total gold reserves 2,065,213.000 ~ 2,060,265.000 - l~62l, 725,000 Legal tender notes, silver, etc. 55,153.000 55,992.000 * 54’4gb,0Q0 Total reserves 2 71,000 r , 6 7 0 . a ‘,OOO Bills discounted: Sectored by C-ovt.war obligations 1,412,511,000 (a) 1,231,245,000 ' "( , All other 402,6o4,000 (a) ’4 2 s ’iqc’000 (75^=392,000 Bills bought in open market 375.341 .000 363 7 8 4 .000 2.05,4^4 ,000 Total bills on hand " "~ ’ 2 . 190,536 ,000 ~~ .... . 2,0 "3; 219 ,000 ~ 3&1 .Sy7 U •S .Ccvernment long-term securities 29,132,000 ” 29 7 >7 7 0 0 4/7704,000 U S -Gnv^rr-.iment short-term securities Q2.0&-- 000 l4o,lS'0 000 41*792.000 All other earning assets ' ' 27',000 000 1 '429,000 Total earning assets 2 ,31275% ,000 2 .2 3 5 vjSJ^OOO 1,052,377,000’ Uncollected items (deduct from gross deposits) . 736 723,000 VlQ .O'; 0*000 *373,2.60 *000 c'- lur- :ption Fund against F.R. banknotes 4,621,000 4,525,000 537,000 All other resources ■ . 21.309.000 ___? 'b U 5 o:'° ____ 2 ,499,000 TOTAL RESOURCES 5,19^7323,000 5 ,279,527 700 3 ^104'j?S>^000 I, I A B I L I T I E S Cs.p5 tal paid In - go,OTP.000 3 0 ,0 2 5 ,000 63,500,000 S^vplas 1 ,1 3 4 'COO . . 1713^,000 " — Government deposits 207, 157,000 113,174,000 ’ 220. 962-000 lue to r.er.Jlirs, reserve account 1,433,393-000 1,604,033.000 1 ,439 *370,000 Collection items . 602, 667,000 '$ 20’ 6b g ‘000 *233,567*000 Other deposits, including foreign govt, credits 1 05.394 ,000 113 .967.,000 19^.473,000 Total gross deposits 2,404,63.1,000 ~" 2 ,4 5 1 7 3 2 ,0 0 0 1 S98s7672 7)00 F . R. notes in aor/oal circulation 2 , 563, o7o,000 2,555,2.15.000 1 , 056,933',000 F. P.. banknotes in circulation - net liability 36,003,000 30,504,000 3,000,000 All other liabilities ___ 54 .,492.000 50,36? ,000 ___ 2 ,6 2 9 .000 TOTAL LIABILITIES 5 ,194 ,Q33 ,000 5 , 219 , 527 ,000. 3,104 Jg4",00C) Ratio of total reserves to net deposit and F.R. note liabilities combined 50. 0^ 5O *5$ 63. 2$ Ratio of gold reserves to F. R. notes in actual circulation after setting aside 35$ against net deposit liabilities 59 *2/? 60. 5$ (a) Amended figures Released for publication Sunday morning Dec. 1 , 191S; not earlier. St-90 b !7EEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS NOVEMBER 29, lgiS. (In thousands of dollars) R E S O U R C E S Boston New York Phila. Clevel. Richm. Atlanta Chicago St .Louis Minn.Kans .Cy. Dallas San Fran- Total Gold in vault and in transit 3 ,*75 277,665 104 28,196 2,336 7,573 24,l6s 2,096 S,4l6 202 5,669 10 , 63s 370,938 Gold Settlement Fund, F.R.Board 2 1 ,1*65 17,142 39,529 3^,723 21,75^ 2 , 5U6 126,902 26,1+93 23,673 26,971 6 , 51!+ 4l 330 395,292 Gold with foreign agencies „ 408_____ 2 .011 4pS _____ 525 2 0 4 ___ 175 Sl6 233 __ 233 291 __ 204_ 321 S S 29 Total gold held by banks 25 j 4 8 296,8! S 4 0 ,04l 63 ,444 24,294 16 , 291+ 151,886 23,822 32,322 27,464 12,387 S2 53q 772*,G W Gold witn Federal Reserve Agents 70,785 282,220 78,605 132,321 60,833 44,399 244,167 53,083 57,279 52,799 22,500 1 1 7 ' 556 1 , 21631+1 Gold Redemption Fund -^U992-_JLJ-Q0______ 63.5____ 5.,7.98 _ 5,242. 12 ,Co7 .3 j 3 2 2 _ _ J u .9 2 6 _ .3 J 0 U _ 2 .1 5 3 _____ 257_ 76_,6l3 xotal gold reserves 103 3 5 O 6o4 ,030 126, 346 196 ,1+00 90,925 65,935 UOS ,12Q" 85,22.7 93,52/ 83.967 37,0*40 170,346 2,065,213 Legal tender notes, silver, etc. _3 _,1 5L __ 4J+J.2l+_-- 57I+--- 638______6 4j______228 1 3 1 5 . __1 ,375 , _ _ 83 '153 1,297 _ 213_55.158 Total reserves 106,501 648,654 126,920 197,038 °1,57 2 66 , 163409,635 87,202 93,6lO §4,120 38,337 170,619 2,120,371 7 War 00 £ nS 1 -^1 ’9^° 026, 90 516 5 , 505107,287 65,683 4 1 ,205123,047 47,819 2 1 , 2.80 22390 16 ,646 43 , 74s 1 ,412,511 Disctd..)All Other 12 ,6l 6 84,263 l6,4s6 17,313 18,956 39,135 60,98? 32,233 11,827 47,765 32327 28,776 402,684 .Bills uougno in open market _|5 ^2 9- - JL &,7321.5*05- 5?- ,673- .A J24_JL2,32Z_3Z35Z- ^- J J56._JL2,Si36_...9304 ___ 4 ,025 _.3 4 3 0 3 _ 3 7 5 _ j 4 l TT J.°“ * s on hand 16 s , 94i- 877,900 197,866 175,273 27,363 93,267 221,391 83 , 80s 45,443 79,459 52 , 99s 106,827 2 , 190,536 U . s . . 0V|X. ions-term securities 1 ,+03 1 ,39s 13 75 i >088 1,234 519 4,509 1,153 125 8,867 4,000 3 , 1*61 29,132 J.u.Gov snort-term 5,^16 35,^23 6,299 8,731 3,284 4,022 12,612 5,560 2,qq7 2,909 2,400 3,003 92,664 Al.i. other earning assets ___ ___________ „ ______ __ _ __ ?7 __ \J __ 2j UxicoiiLted^tliis^U-duct from 1 ^5,7^0 5^SR-dLption 1Fund-gain-t F r ^ >°l+3 1^3,304 81,055 220 1,055 300 an?an¥1,notes * 77 A Capital paid in ourpxtis Uovernnent deposits Dc.e to members, reserve account f l e c t i o n items All 0 uher deposits, including foreign government credits Total gross deposits i . R -notes in actual circulation x 'K .bank notes in circulation, net T0T.nL LlABiuixiES ^,256 97,835 238,512 90,529 4 s 7 ^ 5 ~ 9 lT ^ 3 5 69,356 57 ,018 3U 326 7 8 ,889 66,619 19,139 383 256 207 719 253 188 ®T39S_ 113 7 2 ^ 2 3 12 7 3 5 9 55,918- 20,098 557 227 46,497 736 ,32s 256 4,621 --1-437---- s_,238:__3 _ 5 9 0 -- B 7 x.,157--- S1Q— JU3&-____ -550---_197— 1.043--- _SQ3____ 1,621 ____ 21309 J>‘W ,bo 7 1 , 715,972 417,405 452, 66b 2 41 ,So4 199,402. 729,121 245,153 161,699 232,873 118,863 332.284 5 , 194,988 T T mT ■ o ai.l ia?ilit*T. 91.881 S1^ ^ 21 ^ 5 ,5 ^ 0 185,092 6 , 59s , 7 5 42,802 93,043 4o,2lo 2 0 ,726 7,486 S,SS 6 4,044 3,175 11,108 3 J 85 2,928 3,655 3_l4l 4,540 80,072 649 — — 116 4o 216 — 38 — -— 1,134 2b , 6l 6 28,087 28,256 4,510 7,325 i4,106 19,5^3 9,127 11,754 3,989 10,933 207,157 636346 J S ,428 IO3 ,690 53,065 4 1 , 9:19217.166 53,026 46,l6o 55,460 31,155 7S.S 35 1,488,893 l 6l ,993 7 1 , 4ll 53,774 U O J 54 24,204 60,554 50,401 11,752 37.618 16,283 27 J 0 1 602,667 ‘ ___ ________ 101,637 ____ --_______ 68 ______- - ________ 2S__ 1,554_____ 307 __ _1 5 _ _ _ _ 2 _______ 8 2,275 105 8q4 182 ,061 926,592 177,926 IS 5 J S 8 98,938 73 ,*+76 293 38 O 123 3 1 7 67,120 104,834 51,435 119,744 2 ,4 0 4 ,611 150,906 720 ,294 223 , 73O 2 47 ,535 134 ,467 117 A51 ^ 3 ,634 ill ,403 87,597 111,952 53,792 201,209 2 , 568,676 25,627 5 , 27s 6,662 2,067 3,229 14,131 4,664 2,420 9,397 3,g24 3,788 86,003 _____ 22,084 2,985 3 ,795 -. 2 *25.2— l..,.6j_o.. 6,652 . 1 ,92.4___ 13 9 6 3,029 1,671 3,003. _ _ 5kJ±92 3^ 7,667 1 , 715,972 417,405 452,666 241,884 199,401 729,121 245,153 161,699 232,873 118,863 332,284 5,1947988 St . 90c Released for publication Sunday morning Dec- 1, 1918; not earlier. STATEMENT OF FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS NOVEMBER 29 , I 9I 8 (In thousands of dollars) Boston FEDERAL RESERVE NOTES: Received from Comptroller Returned to Comptroller Chargeable to, F- R- Agent In hands of F. R. Agent Issued to F. R. bank less amount returned to F. R. Agent for redemption COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and certificates on hand Gold Redemption Fund Gold Settlement Fund, F.R.Board Eligible paper, minimum required Total AMOUNT OF ELIGIBLE PAPER DELIVERED TO F. R. AGENT New. York Phila- Clevel. Richm- Atlanta Chicago St-Louis Minn. Kans.Cy. Dallas San Fran. Total 232,5^0 1 , 201,240 313,TSO 312,960 126,830 185,640 512,720 151,280 112,Uso 152,700 99,920 229,320 3,692,060 4 9 , 6 2 2 ___2 6 0 ,6 6 3 2 3 6 3 3 ,1 4 7 2 5 ,1 S 5 _ _ 4 i j 2 9 2 2 5 s 6j S _1 7 ,S9 5 _ 2 4 J S 9 7 2 0 ,4 6 5 1 6 ,? 4 6 ____ 6 0 3 ^ 4 l 7 182,858 9^1,177 257,353 221,724 153,133 160,455 471,422 125,604 94,525 127,803 7 9 -M55 213,074 3 ,088,643 20.520 111.200 2 5 , 520 2 1 ,380___ 8.060 4 0 .20 5 4 ? . 120 7 . 735___ 5*950 _ 8 .420 iq .4q0_____ — ______ 315.600 162,338 5,000 829.977 231.833 260,344 145,073 120,250 424,302 1 1 7 ,869 59,965 213,074 2,773,0^3 12,581 1,833 59,000 2 , 504. ~ 2,125 3,365 39,770 240,802 2,000 2,953 42,130 13,052 2,427 4l ;S00 8 4 ,821 80,073 221,391 70,179 3 S .859 — 212,627 18,750 13,571 66,201 100,000 16 2 ,33s 2 >39 77,991 50,360 925,923 547.757 153.222 128,023 84.24-0 75,851 180.135 64,786 31.35b 66 , 5 & . 37,M5--9.5J.5^.1,55£,.Se,2 829,977 231,233 260,344 145 ,073 120,250 424,302 117 ,8 69 88, 635119/383 59,965 213,074 2 , 773,043 162,931 377,900 166,907 175,019 9 >17° 56,615 _aL,553_ 15 s ,740 13,420 110,000 88,635 119,383 — 1 2 ,4o4 3,235 10,989 6..624 106,561 79.^59 52 >99s 92,051 2 , 114,588 M E M O R A N D A FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F. R- notes outstanding F. fi. notes held by bank F.R. notes in actual circulation Bills discounted and bought U*S.Government short-term securities Municipal warrants 162,338 U .,432 150,906 829,977 231,833 260,344 145,073 120,250 424,302 117,869 88,635 119,383 109,683 8,103 12,809 10,606 3 .og9 20, 66s.. 6 ,4 6 6 ___ 1.038 7,425 720,294 223,730 247,535 134,467 117,151 403,634 111,403 27,597 1 H ,9 5 S DISTRIBUTION OF BILLS, U- S. GOVERNMENT SHORT-TERM SECURITIES BY MATURITIES l 6 to 30 days 31 to 60 days 6l to 9° days Within 15 days 225,900 470,666 165,185 1,305,634 1,188 9 *220 1,066 8,895 10 4 5 5 59,9^5 213,074 2,773,043 1.173 11,265 20^.367 5S .792 201,209 2 , 568,676 AND WARRANTS Over 9O days 23,151 72,275 3 Total 2,190,536 92,664 27 Released for publication Sunday morning Dec* 1, I 9I 8 ; not e a r lie r ST^iTnivairjr SHO^iiMu- P R I N C I P A L RESOURCE AND LIABILITY C-lIxj:jO A o ITEMS AT St*90d O F M E M B E R B A N K S LGCA.TED I N CLOoE OF CENTRAL RESERVE RESERVE AND OTHER SELECTED I 9 IS* £uiSLi'iJiSS LOV.CVidFR 2 2 , (in thousands of dollars) !,« Data for all reporting hanks in each__district^___ Boston New York Phila* No* reporting U * S , "bonds banks to Ull U.S. Liberty U- S. bonds, bonds of debtedness Leans s e c u r e d b y U - S .bonds, Eeserve securities w i t h F. B. hank demand 34 ,505 267 ,117 22,737 7S ,936 105,577 55 . 92s 44 ,? 6s 131 , 74s Lj4 24-5 14 i?°4 27 ,725 2.3 ,247 34 ,525 937 ,123 ;723 31 ,250 3 ; .433 13 ;VR5 6s .533 12 .311 21 p P'<O -/I' 7 i.l 5 ,102 15 .236 t fsC O bo ?-9 53 ■ j 273 s :3:-\ 10 . ,i64 10 ,051 (1r\ I b2 b. yp ’ 160 ■A8.3 ,103 i*i)j 2 7i*o ;0 ‘SO ■ .'459 1 O 39?'.Cbb 9 2 ."? 'o]>s 381 r b / lUs- , n ? 46 7 ^: s ' 5^ ; p 4 23 t25 L s . 532 3 .53o 4- ,7.35 i r-f. ,o6s *2,733 ^ *JlI*-, OOO 7 b .799 CO ,315 7Df M n J1'f!O , 743 (-O ;;' ‘'I ,330 623 .245 67s,H i 6 57 ,937 2? ,333 612 j.’'i 15 , 533 33 ,023 71 42,74 i 352 ,33c hanks York 'Nov ,22--- Nov .15 in Chicago N o v *22 191,151 Jw<■9^5 967,3io 86,532 4 o .322 7^7,405 223,144 64,525 all other St.Louis kk 71 kJ ri_'J. d Pli iic-o S’ Z < T : Q , J 0J >322 321 .601 l ,4 j.4 :s4u 3;t> \T0 .J r p e ~ j 7 X? ' r.152 .coll >; »y' ' 34 >ko 3 ,S;E* c'd ■3? 6:) ;<;50 13 r.iho JLO : 'z)‘.r " * ■ ' ' • c no rv X j.oj 33,5 : ir ^ 263 yi rv» ‘7O^ ;0 ^ ; 9 :'5 ;>-t" J J J (3 r : ‘ °J 22 ,63 x 2.l ,. 24 <503 29 ,057 Nov .22 r ^ ‘ . PC r j reserve Total Nov c it ie s , C e n . R e s .C i t i e s , PP.---- N y v -15 ik Io-vns scoured "by U.S o'ch jr l o a n s & 36,354 36,879 l,H9 10,555 295,737 30 9 ,379 7 2 ,S S I 32,504 3 3 9 ,059 674,75c ."bonds .etc . 6 2 9 , 7 6 5 investments 3 ,3 3 ?- , 0 1 5 Reserve wibh F , R* bank 650,152 !i5 C a s n in vavJLt ---117,731 Net o.en:acd deposits 4 , 2.03,1153 Ti.oie deposits 211,215 Government depo si ts 265 ,30s Ratio of w a r paper to total loans and investm ents, per c e n t 2 U «7 4Uo,2h 24,239 726,1+69 95,239 536,510 63,676 3 36.670 369^ 51+ 577 *662 103,502 116,530 35,736 4 , 193,132 757,906 2 11,3 6 2 14 2 10 6 333,622 12,090 2k-4 1 5 *6 P ^ o t he r 6 O . , Vj : - O , r epc r t i n g Eeserve 453 17' 25 -So/ 4^1 'S 96 'c4o ■jp'h ^ j 3 ,510 0 -7 -1 Country banks Total N o v ,22--- N o v -15 17U N o v . 2 2 --- N o v •1' 1^1 752 753 ‘ .b2cl 4 3,553 170,769 170,313 47,720 43 31Q 267,117 267 ',690 kok,122 +0 7 , 5 5 3 442,397 396,731 90,1011 32,729 937,123 357,313 653,196 9 5 3 ,9 5 £ . 4? 491.794 264,807 337.210 943,200 575,473 964. 9 " r h r-p n ^ 19 ,0 56 4\ p5 4 ,3-.4 712 > 9 7 I ivo \J7I 270,916 4 , 972[335 5 .o46 ’69U 4,644:774 4 , b S i ,257 26,539 735,493 706^493 445,583 4 1 6 ,9 ^ 4 7 , 56s 161,055 53^052 1 9 0 ; 722 135,352 159,115 5 , 150,474 5 , 1.30,620 3 , 752,.sqo 3.S1U .179 53,345 1+07,166 405.799 S 50/J 10 3 3 7 ; 537 25,369 302,767 453,674 261 ,2.49 363,917 9,954 53;. 0 1 3 ,°oS 16 ,733 552 .•3§6 53 ,250 633 ,196 l ,337 ..436 1 ,443 10 . SOI M l 1 ,290 34?2 397 ,6s? 3 ,644 ,446 *» ,454 ,757 53S ,924 hanks . Cities N o v =22 -N o v , 1 5 453 u. A.> 1 752 17 ,923 New S* securities Total 13 ,710 Data 1 o r h a n k s i n e a c h c e n t r a l r e s e r v e c i t y , •:!r'Dtecuess Fran„ 6 ,269 ^ 5 ,o lo Total U, 73 San 53 45 17 ,655 9 5 ,L'C4 Drting banks Dallas 15 ,951 T i ” *• d e p o s i t s • oonds ’to secure c: rcu'Lation Qzsoz' U .S . bonds, including Liberty bonds U- S* c e r tific a te s of in- Kans.Cy. 34 15 ,465 deposits deposits Minn- 24 ,31*+ Government P T/n 42,333 P.? M l C-ii'i'in v a u l t Net S t »L o u i s 101 11 ,432 i n v e s t m e n t s 7 /S ,6 5 s and Chicago 45 1 4 ,35 3 4 5,6 33 U. loans Atlanta Si in Total A.i L o t h e r Bichra. 55 including certificates S. Clevel. 53 secure circulation Other 106 373 , 252 826,002 2.2.9 2 3.7 19 »S 20-5 4 5 A 3 7 64,952 2.32,961 196,000 76,732 3 5 4 , 513 59,396 45,530 711.052 197,611 34;90S 1 2 ,10s .959 71,137 1 , 271,443 1 , 203,243 553 ,03b 10 , 501,677 10 , 605,037 60,359 1 , 290,472 1 , 153,556 42 ,169 397,657 326,173 , 6 4 4 , 4 4 6 9 , 659, 53s 715,039 9 200,114 1 ,454,757 1,443,510 46,532 593,924 S69 >23 19.1 ,5 5 7 , 4 3 6 21.2 «Ol —JL o y Released, for publication Sun day morning Dec. 8, 1913; not earlier. s t , 99 STATEMENT IDR THE PRESS* December 7> 131& • Further increases in the holdings of war paper and one-year Treasury certifi cates and substantial gains in mergers* reserve deposits are indicated in tne Fed eral Reserve Board* s weekly bank statement issued as at close of business on Dec ember 6, 191s* INVESTMENTS: The week saw a further increase of ^ *0 millions in the Reserve banks1 holdings of war paper, the total, l,U 6 /.3 millions. constituting about 62 pev cent of the banks1 aggregate earning assets. Other discounts cn hand declined h .3 millions* Bills bought in open market show a reduction of 3 millions > The dis tribution of this paper among the several Toanks shows considerable change, the 11aw York Bank reporting net liquidation of $8 *S millions ? Ahile Chicago shows an in crease of 60 *3 millions under this head * An increase of 12 *9 mil/ions in the vol ume of Government short-term securities is due largely to the purchase by the banks of 1-year Treasury certificates to secure Federal Reserve bank notes* Total earn ing assets show an increase for the w e e k of 57*7 millions . DEPOSITS: Government deposits declined 21 »3 millions, while members1 reserve deposits show an increase of 5^>-*9 millions, or slighcly in excess of the increase in total investments. Net deposits shew a gain fur the week of *1 millions» RESERVES: A further gain of 2,2 millions in geld reserves is shown, while total cash reserves s h o w an i n c r e a s e of about 1 million • The banks* reserve per centage because of the substantial increases in both deposit and note liabilities shews a'decline from 5^ *0 ^9*5 P2r cent. NOTE CIRCULATION: Owing to the large volume of note redemptions the Agents are able to show a decrease of 31 *2 millions in the total amount cf F. R. notes outstanding# The banks report a tot^l of 2,5SU'»5 millions of F. R. notes in actual circulation, an increase of 15 *8 millions for the week# Their aggregate liability on F. R. banknotes in circulation is 92*8 millions, which is an increase of 6.3 millions over the previous week*' s total. CAPITAL: During the week the banks1 paid-in capital increased $232,000, largely as the result of payment for Federal Reserve bank stock by newly admitted members in the Philadelphia, Cleveland and San Francisco districts, CONDITION OF MEMBER BANKS NOVEMBER 29 , 1913 . Substantial reduction in the total of U« S. bends as against a further in crease in the amounts of Treasury certificates held, also liquidation of loans and a corresponding decline in deposits, are indicated by the Federal Reserve Board1s weekly statement of condition on November 29 of 753 member banks in lea,ding cities * Holdings of Treasury certificates show an increase for the week of 32*7 mill ions', largely at the banks outside the three central reserve cities. -U. S. bonds, other than circulation bonds, on hcind fell off about U0*5 millions, the banks an the central reserve cities reporting a decrease under this head of l6») millions* Loans secured by U .S. war obligations (war paper) show a decline of 22*8 millions, mainly at the central reserve city banks. All other loans and investments fell off 49*5 millions, the central reserve city banks reporting a decline of 37*5 millions. The ratio of U,S# war securities and war paper combined to total loans and invest ments declined from 21 *2 to 21.1. per cent for all reporting banks, and from 22*9 to 22.6 per cent for the banks in the central reserve cities* Net withdrawals of Government deposits for the week totaled 13 *1 millions . For the Greater New York member banks a decrease under this head of 21 millions is shown. Aggregate net demand deposits decreased 91*5 millions at all reporting banks and 78/6 millions at the central reserve city banks# Time deposits increased 6.3 millions.' Reserve balances with the Federal Reserve banks show a decline of 9S .3 millions, or only slightly less than the loss in total net, including Government, deposits*’ Cash in vault fell off niillions. For all reporting banks the ratio of deposits to investments shows a decline for the week from 7® *2 to 77*3 per cent . For the New York banks a decline o f this ratio from 83 to 37*2 per cent is noted. The ratio of c o m b i n e d r e s e r v e and c a s h to deposits, because of the relatively larger decrease in r e s e r v e balances, d e c l i n e d from 15*3 to 15 per cent for all reporting b a n k s and f r o m 17 •! to lb .3 VeT c e n t for the banks in the central reserve c i t i e s . " E x c e s s r e s e r v e s ” of all r e p o r t i n g banks show a decline from 150*7 to 63.9 millions* For t h e banks in t h e central reserve cities a decrease in this item from 10^*9 to 62 millions is noted. Released, for publication Sunday morning Dec. 3, 1913;:- not earlier. St-33’a STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS DECEMBER 6, 1918. R E S O U R C E S December $, 191S November 2 $ , 1918 December 7,1917 Gold in vault and in transit $353,205,000 $370,938,000 ^-2?*-7^ c’ rrn Gold Settlement Fund, F . R. Board U 22,V ;i,000 395, 292,C00 ^7©,775,000 Gold with foreign'agencies 5 .82 j, 000 ---5J229J300 5 »■ Total gold held by banks 781,525,000 772,059,000 SjJ> ^ _ Gold with Federal Reserve Agents 1,207,377,000 1,216,5^1,000 " 3 >V^» Gold Redemption Fund 7 8 .^ 6 .0 0 0 .. 76,613,000. r fs H iH S 2,9 67 ,’401,.000 2,065,213,000 *631,355,000 Total gold reserves Legal tender notes, silver, etc53 13 66.000 ----55>158.,990. P.. Total reserves 2,121,367,000 2,120,371,000 , ©3,3 7, Bills discounted: Secured by Govt .war obligations 1,^67,322,000 w 1,4-12,511,000 ( 6b6.i02.000 All other 3 3 6 ,5 ^ 2 ,0 0 0 ^ U02,6sU,000 ( Bills bought in open market 371.606.000 375,3^1 ,,Q00 „ .. l$0,t6 8 2 ^ 0 2,235,130,000 2,190,536,000 877,52^,000 Total bills on hand L -U.S.Government long-term securities ^ 25,136,000 ^9 >132,000 198,000 U*S.Government short-term securities 105,606,000 92 , 064,000 ,50,424,000 All other earning assets 21.000 --- 2L £29 .S ^ O B S Total earning assets 2,370,013,000 2 ,3 1 2 ,3 5 9 ,^ 0 37^,120,000 Uncollected items (deduct from gross deposits) 650,035,000 736*328,000 336,^/04,000 5‘fo IwdiCiption Fund against F.R. banknotes U,SUU 000 4-,621 ,000 537*000 ______ 2 1 , 3.0^000 . 2 ,^ 000 A13 other resources 22.UU0 .000 TciiL resources 5 , i 6s , 703, ooo 5 , 19U , 92s ,ooo 3 , 001, 0^ 6,000 L I A B I L I T I E S Capital paid in 80,30U,000 30,072,000 6Q,0US,000 Surplus 1 , 13U, 000 1 , 13^,000 -Government deposits 185, 355,000 . _ 207 , 15 7 ,000^ l6o, 56S ,000 1 5^ 7 * &3 S, 000 1 ,^So,833>000 1 ,^ 37 ,17 ^>000 Due to rr.eribers , reserve account 5 lU,5 1 24,ooo 602,667,000 15,5C 6,°0 c 4 Collection items Other deposits, including foreign govt* credits 106,685,000 — ^Q.,1 i.?Sz jlQ.Q0 — ^9/^wl^OOO Total gross derosits --- -- -2,35“ ,330,000 2 ,UoU,6l l ,000 1,£ 11,163,COO F. R. notes in actual circulation 2,5$+, 523 >000 2 , 56S , 676 ,000 1, 110,53 f>uO© F- R* hank notes in circulation - net liability 32|753>000 £6,003,000 8,000,000 All other liabilities 55.559,000 -- 2Lii£22j0Q0 3>062,000 TOTAL LIABILITIES 5,168,703,000 5,194,988,000 3,001,836,000 Hatio of total reserves to net deposit and F.Rnote liabilities combined ^0 * 5$ 50 -0/j 65*1$ Ratio of gold reserves to F- R. notes in actual circulation after setting aside 35$ against ^ net deposit liabilities 55 *0$ 59 V V •** W V v . » V w A ii W k #^ C—» | V / Vr w i ^ >• 7 — I ' ■Release: i>-r c^.ion Sunday morning Dec - 3, 1913; not earlier. St-Q9b WEEIujI STATEMENT OF RESOURCES M D LIABILITIES OF EACH OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS DECEMBER 6, 1918 . (In thousands of dollars) R E S ° , U EJC E SBoston New York Phila. Clevel. Richm. Atlanta Chicago St-Louis Minn. Kans.Cy. Dallas San Fran. Total Gold m vaU-i and in transit 3,303 253,647 127 34,765 2,311 7,619 23 927 2 171 3 ^66 202 <5 72q 11 C4l ^ PCX Geld. W , F -R.Board W .g f c * t e . * T 30.627 25 . * * l j o 6 79 ^ 2S ’,507 3 0 ^ 3 31,561 I ’M o » ; e 4 ^1 : ^ 1 \ --- ^ ° - U - ^ - “*os______ 525______2 * ______1X5 — _ J U f i _ _ 1 3 3 ____ 233 291 goU 3 ??___5>29 r- i j j ? «- > 50.276 309,920 1*3,332 65,917 27,939 16,091* 104,573 22,911 38,21*2 32,051* 12,533 51,027 751,523 Gold with jidarai Reserve Agents 5= , 75° 2 7p ,653 3 2 ,3 6 1 1 2 5 ,9 7 2 60,63s 1*3,579262,121* 53,033 56,925 52,799 2 2 ,5 0 0 1 1 7 ,9 9 3 1 ,2 0 7 ,3 7 7 Gold Redemption Fund _ X 9>i5- — a j Q f i _ _ Z J a D --- 909— L2J & * . 3 . 31^ k ,oS. 3jS i 2 ^ 0? 7Q5 7k ilL Total gold leserves 115,971 6 0 5 ,5 3 9 1 3 3 ,6 4 3 1 9 2 ,7 9 3 94,230 6 5 ,1 7 1 3 7 9 ,3 0 1 55,309 99,352 SS ,537 37,235 169,215 2 ,067,401 I ?e notes, silver, etc. j m -- J feJ U fi.jM>--- 7>*SL_____ n !,_____ 179— JL,fl22_ 2 . 4.52 n 112 1304 364 ^ c6fi To =al reserves 117,1*35 6 4 9 ,9 5 5 1 3 4 ,1 3 7 1 9 3 ,5 4 7 94,944 65,350 330,323 57,761 9 9 , 9 4 ^ 3 , 6 4 9 38'?59 i m 79T l 21367 Di^ota 1A11'oth!r ar ol!llsatlons 122,577 669,340 1 6 4 ,2 3 2 ^ 1 3 ,5 3 1 70,665 43,067 113,5V* 49,249 22,539 27.355 13.043 52,075 1 '467 J 2 2 Bills bought in open market ff H o J h 11! 5 ™th™ d ^ ™ All other earning assets -f152,fi? t ’S L l l l g s 6 l ’te7 1S S .602 181.363 1 J 9 ,7 ^ 5 >!6 38 J 34 3, g 7 Total earning assets Uncollected items (deduct from 159,325 c/ l ° T df P °sii 8^ 5/i Redemption Fund against F .R . 53,767 , ^ an5cvnotes All Other resources TOTAL RESOURCES L I A B I L I T I E S paid in bur^lus Government deposits Due to members, reserve account All othe°nd e p S its , including foreign government credits Total gross deposits F.R.notes in actual circulation F.R-bank notes m circulation,net 91.973 13^,049 301,158 198,320 195,500 122,653 73 , 92s I ’J g 957306 276,633 ^ 3 ,754 c r 77^ ^ ^ S - ^ 534 4,510 1,153 124 4 ,516 12,612 5.565 4,139 96,991 100,383 293,305 56 , 61+7 46,346 33 , 67s i i ^ - 3:367 M O O 2- ^ 5 ^ - 3 >03 3^35 2.910 3:461 * 29A96 105 ,606 90,499 4S,071 92753S 6o735S 133,011 2,370,019 J 70, 56!+ 59 ,SIS 17,228 53,105 20,24l 36,064 J 650,039 2^5 l.l^l 325 373 251 261 725 2U3 188 566 26s 25s M-.SLH+ 820 1.528_______ 796___ 1 , 865._____ 622______ 226 l , l 6l 1,090 1 756 22 440 _ 1 4003___ ,7,^93 , 3,680 3 31 ,gS8 1,688,800 4 l 0 ,440 446,887 21+0,060 200,468 747,782 238, 91+3 165,658 236,019 120,1+9*6 341^268 5 , 168^709 * * 6,558 75 25,978 9s , 36l 165,040 151,943 20,727 61+9 Ij*,7l6 646,495 7 , 51+6 13,93 7 8 , 91+2 22,501+ 92 ,6 l4 118,58$ 4,050 3,187 1 1 ,11 6 3.7SS 2,929 3 , 65s 116 1+0 216 — 38 — 3,600 12,593 3S,6?5 11.27S 9,503 9,883 53 ,l 66 37,902 2 l 4 , 3S5 57,093 47,187 6 9 > 3 ‘,° ' 7° 1 ^ 3 9 ^ S 3 9 ’169 100.642 _________ SS 18 2,438 26q 8 9 6 ,1 3 7 1 6 9 ,7 3 0 1 3 0 ,5 1 6 95,935 73,576 306 , 42? 115,634 721,544 223 ,951 246,044 135,336 117,432 405,642 112,342 ^ 3 , 11+9 80, 301+ 1 134 5,643 17,045 185*355 33 996 78 907 1 547 838 — l+,6il+ __ *- U 'U 'M 25 2 t, 2^6 106 6ff* 67,563 107,969 ^ 2^ 123" 50T T 3® J 90 90.315 111,537 59 256 206 071 2 51 * 523 +* 4,44s 27,254 6,009 7 .551*- 2,272 4,505 14,608 5,080 3,219 All other liabilities _ X J S 4 ____ 22J+39___ iJ-24___ 3 2 . 3 0 1 1,728 6,772 2.09Q irqU totai liabilities 331,558 1 , 688,300 410,440 446.337 240,060 200> 6g W , 78'2^ C # l S 5l 6$ ^ 0i r i l 0^ W l W j “ ■ *« ,J ' 9 ,S 05 4,125 3,920 3 050 1 £77 7 ^0 3U?: 2 t e T . i ^ r w 92,799 L ™ S1.itVKIMEi.7T OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS DECEMBER 6, I 9I 8 , Boston FriFRAL REoFRYF! : Roceived x'ror,. Coiav;/.*;o tier Retu.rnsd to Comptroller C/..a/c3r.'ole to F- .R. A^ent In har:e s _ i F * R - Agent Issued to F\ R . bank less amount retained to P* R. Agent for ■ 232. 5^0 ---* _____ — 50J Z L 151,523 liL-520_ 162,303 redeivv^ion New York (In thousands of dollars) Phila* Clevel* Richm- Atlanta Chicago St-Louis 1,215,600 31S,U20 312,360 loo, 250 152,050 517, c4o *7^. 1 r----. r^ „ r )I ~ ^ -1 id4 . 34l 5.2, !71_ 3JL>5o6__34.755__ 26.005 4e , 221 '(+C'1 J)J)*"■ .59V2U3 * 2S1, 37*+ 153^55 166,075 ^ , 5 1 3 112! C C O 2 7 ',160__ is', £50 " V. 5 2 0 4 5 J 4 5 ^'^oO -r-',, 77S, 533 232,053 262,434 146,275 120,730^32,253 Minn. Kans*Cy. Dallas San Fran** 152,44o 114,451 152,700 33,520 ^ ]lbri 26,4^0 125,390 ojCQj rV ~ r\ <>C r*s£O C.7 C 15,250 26,262 20,63s 36,231 126,1+35 73,252 5.4 20 1 j, 120 *V350 H 3,125 31,251 115,015 60,162 . 1 '235,320 Total 3,731,361 677,22$ £ C*A *7 1 6 ^ 0 3 ____ 215,517 3 T , - 215,517 312,750 2,7^1,552 ‘*T\ 'V ^ * f. ^ * \J L i\ vj J.'VV^' X J b O . Go'! d covi and certificates on hand 5,000 183, 7^0 — 12,750 -2,504 -2,000 13,052 -12,521 G o^ d R 3dei: p t i 0:1 Fr,?.d , ,, ,, ..... „ . 8,335 12,513 12,205 13/222 1,636 2,305 2,527 2,352 2 , u73 2,933 3,235 10,*32 lo O v tJ.Cjui'-.1sj i? Jrd. j...G. f H -H -jjoard \ , ,«ir 7)■ ,%-x-v -1 ^ -\r~-7 r\r\ ~ rr~ - —7 - or/~ ' O'-'T )]^ i *’ 1 hi ■j" 1 - ■ ■ ■ -• (C , , . , 44, Glr) 7 4 ,C 0 ^ 70,1 5 3 10u4000 5.vi » v ^ 2Dj >2,j L l j l h.x oj^ . 0 , 0^ \^ '* ■• V- I- jii.i xp/i.ole mimiiiam required Total AMOUNT OF ELIGIBLE PAPER IELIVEEED TO F. R. AGENT 231,627 — 75,673 1 '-7 Snli. ) 07 i 'h£yrIfx>_____ _________________________________ u ^ j J ___U ^X^^LiA ^lXD- ____hL^JJuZ- M rX^___ ____________________ _____________ -LJkJUu±15 ^ . 7 7 o ,5 3 > '2 3 2 ,O S 3 2b2 , U3U. 1^6,275- 120,735 ^ 3 2 ,2 5 3 113,125 ^1 ,2 ^1 1 1 0 ,0 1 5 60,1.62 215,317 2 ,^ 4 1 ,5 5 2 152,566 861,1*27 156,133 180,36^ 31,025 S3,^35 276,653 76,266 ^ 2 ,31s 50,26s 5 3 , ^ 8 105,330 2,161,183 M E M O R A N D A FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F. R. notes outstanding 162,303 778,533 232,083 262, ^ F. R. notes held by bank 10,360 ______56,335__ 8,105 l6tM50 F. R. notes in actual circulation 151, S^3 721, 5UU 223,381 246,0^ Bills discounted and bought U.S -Government short-term securities l^unicipal warrants 146,275 120,730 U32,253 113,125 31,281 10, 585___ 3*j23£_r^3jS l2 ____ 6 . 8U3 966 135,386 117, ^32 40S,6U2 112, 3^2 30,315 118 , 01860,162 6, 1481 §76 111,537 53,<2S6 DISTRIBUTION 01 BILLS, U. S. GOVERNMENT SHORT-TERW SECURITIES, AND WARRANTS BY MATURITIES Over 90 days 31 to 60 days 6l to 90 days l6 to 30 days Within 15 days 22,543 164,334 444,715 , '■ 1,432,563 170,313 70,323 12,554 10,275 351 11,473 16 3 3 5 ♦Subject to correction* 218,517 2 , 7 ^ 1,252 12 .UU6 157,323 206,071 . 2,564,523 Total 2,235,150 105,606 27 T T • Released, for publication Sunday morning Dec* 3, ISIS; not earlier* St*99^ STATEMENT SHOWING- PRINCIPAL RESOURCE AND LIABILITY ITEMS OE MEMBER BANKS LOCATED IN CENTRAL RESERVE, RESERVE AND OTHER SELECTED CITIES AS AT CLOSE OF BUSINESS NOVMBER 29, lgig • (In thousands of dollars) 1> Data for all reporting-franks in each district* Boston New York Phila* Clevel* Richm. Atlanta Chicago St.Louis Minn * Kans.Cy. Dallas San Eran. Total No * reporting franks UU 10b 53 25 SI U5 101 3^ 35 73 ^5 53 753 U. S. fronds to secure 14,352 50,136 11 >32 42,333 24,314 1 5 ,1+65 i s ,951 17,655 6 ,Ui9 13,710 1 7 ,9 29 3l+,5°5 267,761 circular-is.on Other U-S. bonds, including r r Liberty bonds 2l,g2l 33S.991 74,099 96,426 5U .S H 42,039 126,24? 1+3,935 12,227 26,913 24,200 34,376 396,535 U- S. certificates of in, . debt-edness 53,266 353,359 23,757 70,657 22,1*90 31,353 72,296 12,302 3,485 17,923 7,996 *3,025 721,914Total U. S- securities 39,439 7H2 ,Us6'ii4,34s 209,916 101.615 33,062 2 17 ,1+91+ 73:392 27,131 52, 51+6 50,125 112,406 1,336,260 Loans secured by U.S.bonds,etc. 110,319 66l ,424 170,170 95,72? 39,209 2 0 , 60S 31,359 2 4 ,3 /3 8,'(22 9,7^3 7,^33 13,t-02 1 ,24S,c04 All other loans and investments 786,322 4. U| U ,,P3 5 619 .916 960,210 3 3 3 .659 319 ,/OU 1,412,693 365,573 256,973 1+56,623 135,335 555>290 10 ,452,098 Reserve with F. R. bank 59,100 623,454 66,327 7 2 s67i 3 3 ,601 27,159 i4s,127 3^,931 22,270 36,535 15/137 47,067 1,192,1(9 Cash in vault 25,4s2 I 3 i :s69 21,020 35.333 19,973 17,366 62,966 13,724 9>3;<-S 16,935 12,951 25,092 392,064 Net demand deposits G%Q9'l72 ^*,^53 >3^ 614^922 323 >-2^* 221,833 1 2^2,J>10 215,^04 3^3?®5° 1^3*591 ^*26 2fo 9y552>£>& Time deposits 33,563 261,462 15,301 225,357 57,695 91,73^ 330,777 7^,263 '47,ic4 53,606 25 ,32b 124,4io 1 ,451,093 Government deposits 63,1+55 256,342 27,910 50>04l 13,103 16,941 77,101+ 12,573 4,224 12,153 7,9?0 22,993 5 °5 ,* c:9 2 . Lata for banks in each central reserve city, banks in all other reserve cities, and other reporting banks. New York Chicago St.Louis Total Cen.Res.Cities Reserve Cities Country banks Nov .29'— Nov *22 Nov .29--Nov .22 Nov. 29 Nov.29 Nov .29--Nov .22 Nov .29--Nov .22 170 171 No. reporting banks 61+ 64 1+1+ l4 122 122 1+60 1+60 U- S. bonds to secure circulation 36,33U 36,33^ 1,119 10,555 *+3,003 4g,00g 171,333 171,339 43,370 47,720 Other U . S . bonds, including Total Nov .29—•-Nov .22 753 267,761 752 267 ,117 396,535 937,123 Liberty bonds 233,664 235,150 67 , 69!+ 32,833 3 * 4 ,24l 1+00,535 1+23,50U 446,1+31+ 33 ,340 90,104 U- 3, certificates of in 721,914 633,196 debtedness 339,234 336,650 29 , 7^0 9,452 373,476 370,343 300,076 267,216 42,762 >+5,137 1,336,260 1,837 >3 6 132,961 Total U. S. securities 659,232 663,134 93,553 52,390 310,725 319,336 895,563 335,039 179,972 1 , 271 ,443 l,2Ug,6o4 77,336 76,732 Loans secured by U.S-bonds, etc - 607,103 623,536 59,030 19,257 635,390 706,263 485,323 433,443 10 , 452 , 09 s 10 , 501,677 334,513 332,337 All other loans & investments 3,7^6,550 3,730 , 667 372,037 264,343 4,333,430 4,921,037 4 , 686,231 4,696,122 Reserve with-F. R. bank 595,270 644 ,522 104,i42 27,349 726,761 779,363 4o4,767 451,213 60,651 59 ,396 1,192,179 1,290,472 392 ,064 397,637 cash in vault 114,435 115,510 37,059 7,339 153,333 153,364 191,697 192,9*0 4 i,4 s4 45,330 9,552 ,332 9 ,644,446 711,082 Net demand deposits 4,08^,317 4,152,206 753,721 173 , 606 5,020,644 5 ,099,227 3,317,992 3,334,137 714,246 Time deposits 206,551 207 ,s4s 143 ,312 53,923 403,786 403,799 356,975 353,377 200,337 197,611 1 ,46i .098 l > 54,737 535,829 593,924 Government deposits 242,125 263 ,062 47,190 l4,4l2 303,730 300,521 250 , 50c: 263,495 31,597 34,903 Ratio of war paper to total loans 2 1.1 21.2 13-5 l^ a n d investments, per cent 2U*5 2k .J 15*2 IS *3 22-6 22*9 19*9 19 13.4