The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Released for publication Sunday morning A-ugust U,
i
1913;
not earlier,
X-1105.
STATEvIEtfT FOR THE PRESS,
August 3 , 191 S,
Gains of 6*7 millions in gold reserves and net liquidation of 30* 5 millions in
earning assets, largely disco-anted bills, together with substantial withdrawals of
Government deposits and further gains in note circulation are indicated by the Feder
al Reserve board's weekly bank statement issued as at close of business on August 2,
191S*
jjjYjSTxvigiTS: Discounted bills on hand show a decrease of 3 1 * 2 millions, the -aw
lor^, boston and Dallas banks reporting the largest reductions for the weak* Of the
total shown, 685*9 millions, as against 675*7 millions the week before, is repre
sented by war paper, i .e ,, member banks1 notes secured by U.S. war obligations and
customers1 paper similarly secured* Acceptances on hand went up about 3*9 millions)
the hew ^ork, Cleveland and Richmond banks reporting the largest additions of paper
oought in the open market* Redemption by the Government on August 1 of 1 9 0 2 - 1 9 1 2
bonds accounts for the reduction in the holdings of long-term Government securities
reported by the itfew York, Philadelphia, Cleveland and Chicago banks. U<8 + short
term securities on hand increased about 0*7 millions, largely at the New York -Sail::,
-total earning assets indicate net liquidation of 30* 5 millions.
Djj?QSlTS: Large net withdrawals of Government funds from the Western banks are
snown, total government deposits being 7 I .S millions less than the week before*
members1 reserve deposits declined 11*7 millions, and net deposits 64*1 millions,
uold reserves show a gain of 6*7 millions ■
and total cash reserves a
gain of 5 . 6 millions.
Continued concent rat 10n of gold reserves at the -^ew York Bank
is noted,^tae baric holding at present about 45 per cent of the system’ s gold, as
against-3'5*4 per cent at the beginning of the current year. The ratio of total re
serves to aggregate net deposit and Federal Reserve note liabilities shows a rise
for the week from 5cM to 5 8 . 7 per cent.
CIRC ULATlOnt During the week the Federal Reserve Agents issued a total of
22*7 millions net of Federal Reserve notes* The banks report a total Federal nese.rve
note circulation of 1 9 0 6* 5 millions, a gain of 35*6 millions for the week, besides
a small increase in their liabilities on Federal Reserve -Bank notes in circulation*
CAPITAL: An increase of $77 -,000 in paid-in capital is due primarily to payment
for federal Reserve bank stock by newly admitted members in the St, Louis and
Dallas districts,
CONDITION OF MEMBER BASKS,, JULY 26, I S I S ,
further additions to the banks* holdings of Treasury certificates in connect ion
witn the third issue of these certificates, coupled with considerable gains m Gov
ernment, deposits are indicated by the 'weekly statement of condition on July 2 : of
725 member banks in 1 eading cities,
u .Zj , bonds, other than circulation bonds, on hand snow a reduction for tne week
of 12.5 millions, notwithstanding the larger number of reporting banks. Treasury cer
tificates increased 25^*9 millions, of which 15^*2 millions represents the increase
for the central reserve city banks. Loans secured by U.S. var obligations show a
gain of 13 *7 millions, while other loans and investments went up about 5 . 5 millions,
-or all reportin0 banks the ratio of U.S. war obligations and loans secured by such
obligations to total loans and investments works out at l4,6 per cent, compared with
12-3 per cent the week before- For the banks in the central reserve cities this
ratio shows a rise from 14 to l 6«2 per cent.
Government deposits increased during the week about 2 2 o*5 millions, of which
1C4.1 millions represents the gain at central reserve city banks, ^et demand depos
its of all reporting banks fell off 42-7 millions, the central reserve city banks
alone reporting a decrease under this head of 26*3 millions. Total time deposits
show a gain of 1 7 * 5 millions, though for the central reserve city banks a loss of
about 5 -allions under this head is noted. Total reserves fell off 10
millions
and cash in vault about 1 0 . 8 millions *.
For all reporting banks the ratio of investments to deposits shows a rise from
124.7 to 125 per cent, while-for the central reserve city banks, owing to the rela
tively larger gain in deposits, a decline from ll4 ,$ to ll4<2 per cent is noted.
The r^tio of combined reserve and cash to t otal deposits declined from 1 5 . 3 to 14.2
per cent for all reporting banks and from I 0. 3 to 1 5 *$ per cent for tne banks in
central reserve cities. Aggregate excess reserves snow a slight decrease from
1 0 2 , 2 to 96*0 -allions.
For the central reserve city banks an increase of these
reserves from c5 * 5 to jG *2 millions is noted*
Released for publication Sunday morning August 4, 1918.
Not earlier.
STATikvEST OF C0MBI2IED RESOURCES AIO LIABILITIES OF THE TWELVE FEDERAL RESERVE BAiKS AT CLOSE OF BUSINESS AUGUST
R E S O U R C E S
August 2, 191 s
Jul^ 26, 1918 .
Gold in vault and in transit
403. 470.000
418.012.000
Gold settlement fund, F. R. Board
623.119.000
593. 777.000
Gold with foreign agencies
____9.696.000
11.623.000
Total gold held by banks
1 , OUl,285,000
1,028,417,000
Gold with Federal Reserve Agents
902.793.000
910.420.000
Gold Redenpt ion Fund
___36.glgt000
___ 35,363.000
Total gold reserves
1 . 930. 396.000
1 , 97^ , 200,000
Legal tender notes, silver, etc.
54.022.000
55.129.000
Total reserves
2 . 034. 918.000
2 , 029, 329,000
Bills discounted for members and F.R. Banks
1,270,919»0C0
1 , 302, 151,000
Bills bought in open market
20S.274.000
Total bills on hand
i , 4go,io 4 ,ooo
1,507,^25,000
U. S. Government long-term securities
36.237.000
40.090.000
U. S. Government short-term
"
17.573.000
16 . 922.000
All other earning assets
101.000
10^.000
Total earning assets
1,53^, 015,000
1.564.540.000
Uncollected items (Deduct from gross deposits)
531,55s,000
55S,392 ,000
5$ Redemption fund against F.R. Bank notes
496 ,,000
701,000
All other resources
12.441.000
lO-^gi^QGa-.
TOTAL RESOURCES
4,111,533,000
4 . 165 . 403.000
L I A B I L I T I E S
Capital paid in
76.513.000
76 . 441.000
Surplus
1,134,000
1 , 134,000
Government deposits
161 236,000
233. 040.000
Due to members - Reserve account
1 , 423, 532,000
l,435,196,OCC
Collection items
390,911,000
401.186.000
Other deposits including foreign government credits
1 11 .340.000
Total gross deposits
2. 090. 397.000
2,181,262,000
F. R. notes in actual circulation
1 . 906. 465.000
1.370.335.000
F. R. bank notes in circulation - net liability
1 1 , 479,000
ll,0g4,000
All other liabilities
___ 2 ^ 5 ^ 0 0 0 .
24.647.000
TOTAL LIABILITIES
4 . 1 1 1 . 533.000
4.165.403.000
Ratio of gold reserves to net deposit and
F.
note liabilities conibined
57 . 2^
56.5$
Batio of total reserves to net deposit and F. R»
note liabilities combined
53. ic;
5S-7a
—
,
(a)- Includes amount formerly shown against items Due from or Due to other F. R. Banks net.
2,
X-llOjja I
1913.
August 3, 1917
399, 7S5, 000
*+3S,i53, 000
5? ,5PO, 000
390,43 . 000
467,845, 000
.3 , 39.0, 00Q.
1 , 367 , 673, 000
.53,70.9,, 000
1,421,332, 000
1 3 0 ,9 ^ , 000
.... 17 b, 133 , 000
305, 131 , 000
42,422, 000
25,^64, 000
000
(a)
3 7 ^ ,5 H , 000
201,804, 000
500, 000
-2kk .000.
1 ,9 9 3 ,^ ,0 0 0
57,881,000
56, 765,000
1 , 192 , 837,000
132 , 053,000
. 14,269,000
1,395,97 ^,000
540, 785,000
2,828*000
1 , 99s ,444,000
73. g^
si. 9^
j
Released for publication Sunday morning
™ *LI
1913
Hnf
OF RESOURCES « S
i•
ffiSEOTi
mch
2,
BA3XS AT CLOSE OF BUSINESS AUGUST
r e s o u r c e s
^old
Boston
in. vatilt a n d in transit
silver,
s p
2
, i 0
A
2
6
1 9
_
6,474
Government deposits
Collection items
O t h e r dep.incl.foreign Govt.c r e d i t s
^ J-otal gross deposits
1 5
, 6
2
3
, 7
2
6
1 1
1 3
1
1
i 7 5 4
3
2 9 ^ 6 6 9
38 8
9
0
, 2
4
3
1 , 8
5 7 "
1
9
, 5 7 U
3
1 , 4
9
1 5
,
S2,9S1
s
,
1 *-
6 H
9 7 , 0
l»ty?6
4
, 0
5 s
0
7
1 1 2
, 0
5
0
L
5
6 9 , 2 9 6
1,34?
5,959
1 , 2
1 , 7
5
2
3
9
1 , 4
4
99
5
1 0 9 , 0 9 5
, $ 8 6
5 5 , ^
1 1 9
3
1,511
i,a
0
7
9
7 2 , 0
44,593
6 9
-1*151
19,W
, 7
3 4
2
4 0
1.263
45 4 6
730
i
382
2
-573
____________S & 2
2
, 6
2
0
2
, 3
9
1 6
, 0
1 6
'
. ^
65 725
6
'
15,428
91 ,574
30,267
137,269
12S,S44
4 0 , 7 0 5 "
6 5 0
6
6
, 3
7 5
1 3
_2,l40
7 ?
,
, 2
23,352
6
1 6 2
4 0 , 8 6 7
37 7 5 5
86
, 583
2.347 _____
,
S
S
. S
5 9
4
6
, 3
6
s
4
, 5 0
9
2
, 1 1 2
6
1 , 2
3 3
2,233
3 2 1
6
0
28 94
s
2m .
2 9 ,
3
3
, 4
8 0 1
9
1
I S
a ®
_ l
6
1 , 2 9 7
906
z , 6is
3,917
-LlS S
27^; 5 * n . 5^
x
; s
i
S5:.9S2
3
6
9
, 1 9
6
2
3
, 1 1 9
,
1 , 2
5
0
2 9 , 0
0
7 '
0
, 4
5 5
1 2
4
, 3
6
1
1 , 5
1 2
4
, 5
5
0
2
,
8
, 0
3
0
4
2 7 c
, 3
, 9
9
6
1 s
9 1 9
1,277
63,?S 7
62,329
67 »399
901
1,127
17,573
---- §2____ . . • 101
35,970 93,39S 1,534,015
76,462
35,212
1 3 ,COS
42,236
17,275
_6aa
94
3,117
IjJaOiL
9 , 9>»
17,a3 _ ^ ’^ 2
i s |
24,124
167
s4
1.37
y-f®--- 263--- f c S - J u I s —
3,622
^
’ p°?
2
f L
ib 5,296 lffi,s69 51*7,167 165,900 116,1133 1 9 5 , 3 9 5
~
®
13,777
13,980
2 9 , 9 4 1
, 1 2
408,470
1,088
64,386
332 _ . l A o _____ 189
54.02P
64,724
77,592
69 959,1
1.120 M J £ 1 ^ 2 0 a J s i i
5
77,751 31,061 So, 810 l,4S0,f104
* -71 3,979
3,4Cl
36,3*7
2.SK9
3,542
14 ,88
S '7 ?
7
Total
14,438
“ “
44,167 1 041,285
so,194 902,793
331.
- 3- 62-
6,940
osa l59i
6,289
7,149
3
, 7 8
8
2
£*llas San Fran.
36S
,
X-H05b
ISIS.
21
^7,149 252,989
25,951
14
3 3 , 3 6 3
1 3
g
4 9 , 0 6 3
,
si
4
1 5
R K
— J-4t02£— izlli_2___ 6^021
4 8 5 , 8 0 0
, 7
7 0 6
53 p7c
95
9U 93g
s
2
,75
Du-e to members, reserve a c count
£.R. notes in actual circu l a t i o n
.R.Ban£ notes in c i re.,net liab.
All other liabilities
TOTAL L IABILITIES
, 6
_________4 1 9
27>*,5ltl 1,523,706 JloTsjs
L I A B I L I T I E S
Capital p a i d in
Surplus
2
1 , 1 1 3
153,997 191 7 5 3 2
369>15S
1,12^
Total earning a s s e t s
107 644
nc o l l e c t e d items (deduct f r o m
g r o s s deposits)
5/“ ^ederrtp.ftmd against *K^i5k*notss 49,170
-11 other resources
T OT A L RESOURCES
?
O S
1,416
"
,
926,4i 0
k f k j O
5 , 1 0
1 6
Minn. Kim s , C y .
8,zkl
6,584
388
i >g00
1 9 3
ros"fo6—
1 0
, 7
2
114,467
2,508
3.16,975
U.S. Gov eminent l o n g - t e r m securities
6,788 27,123
6,3*7
3
133k.
B
36,428
1 3
,
etc.
l,36o
294,005 43,377 ^2,313
_____,679
373
4 2 9 ______gsi_ _ i , 3 5 7
588,204 50,416 79,614 20,442
279,023 99,031 110,497
23,312
4,000 1,002
M & 5.
2,692
3,812
153 44
53 24 4
3
550
54 84
56,22
B i l l s dis.for numbers & F.R.B a n k s
ills bought in open market
Total bills on h a n d
u.o.bcvernment sho r t - t e r m
A 11 other earning a s s e t s
£90,854
- --
6za_
Total g o l d reserves
Legal tender notes,
Total reserves
N e w Xoric
8.394
**5.776
G o l d settlement fund, F.R, B o a r d
u o l d with for e i g n a g e n c i e s
T o tal gold h e l d b y b a n k s
G o l d w i t h Federal Reserve A g e n t s
G o l d redemption f u n d
(In thousands of doll oars.)
Phila. Clevel.
Richm. A t l a n t a Chicago St. L o u i s
2U' sB
6
85, 1 3 6
2>0 ,32l
3,027
4,49s
3,096
14,132
53i,55S
4 96
3XL55L
M n
75
J
76,513
1,134
161,236
63,372 28,630 70,702 1 , 423,532
___ 9,670 22,536 10,884 10,810
390,911
_26_ iLSSO
114 . 71 s
1918.
Released for publication S-unday morning Aug-ust 4,
Not earlier.
X-1105c
STATIMEUT OF FEDERAL RESERVE AGEt-JTS1 ACCOSTS AT CLOSE OF BUSINESS AUGUST 2, 1Q12.
„
FEDERAL RESERVE NOTES:
R e c e i v e d
f r o m
R e t u r n e d
t o
C o m
C o m
C h a r g e a b l e
I n
h a n d s
- i- s s u a d
F
F
. R
r e t u r n e d
d e m
F
. R
. R
. A
.
b a n k
t o
F
( I n
N e w
Y o r k
P
h
t h o u s a n d s
i l a
.
C
o f
l e v e l .
d
o
l l a r s , )
R i c h m
.
A
t l a n
t a
C h i c a g o
S t .
L o u i s
M
i n a .
Kans.Cy.
D a l l a s
S a n
F r a n .
T o t a l
p t r o l l e r
, A
g a n
. R
. A
g e n
‘ i 76
H
p t r o l l e r
t o
o f
t o
B o s t o n
5 M ° S u s ’ 020 99, 5^0 378,300 105,630 73,550 111,700
623 25 ,938 20,072 23,931 1 s ,791 15,127 19,295
196,079 211,977 92,082 79, 56s 355.369 86,339 63 ^ 5 3 92,405
— 20,350— 22, 000— 5jJZZ5__ lihJZ3.5. 59,620
7.750.... 3^gR5__ -6
_ 1 Ll3*5
So
Jn’ cn?
t
t
l e s s
g e n t
a m o u n t
f o
r
6 3 , 5 0 0
1 6 2 , 3 3 0
1 7 , 1 3 2
1 2 , 1 0 2
5 1 , 3 6 0
1 5 0 , 2 7 3
2
, 7 3
9 , 7 0 0
4 7 3 , 4 7 0
2
, 3
1 1 , 2
3 0
2.lX . 050
r e
p t i o n
- - . ^ V . ^ _ . . ? I 3. l ^ S i I 51099_lS9 , ^ 7
_
59, 59s 85, 51,5
S6L307 ^ 59,733 30U ,71*9 79,11*9
33,333
150,27s 2 ,0 2 3 ,iso
COLJATSML SECURITY FOR OUTSTANDING
NOTES:
S
; : l
: ^
“ i lcatss “ hana
Gold M U laneat fund, F.K.Soard
p per- mini™
r 7*
l% i t
ri*
to '.500
100 ^00
W j h
“ f *
9 o ’, 0 0 0
m u l r '5d
131,164
AMOUNT OF ELIGIBLE PAPER DELIVERED
TO F. R. AGENT
105>1q6
673, 19 s 175,099 139,977
485,330
--
^
35,854 111,450
3W
'
S
-U 92 ^ ' ^
«.!«.■
9
-
3f 3 g
...3 6 :S i 1 ^ , 1 %
86,307 59,733 304,749
ht’M ° H w ,
79 , 1 % 59,593
67,510 36,749 241,831
43,303
54,174
-----
1 1 , 5 3 1
1
. 8
1
2 0 1 , 2 3 9
5
8 , 5 9 3
5 3 4
7 1 , 6 0 1
59,351
6 4 1 , 7 0 3
_l i, 503_
35,545'
3 3 , 3 3 3
A xi_25^J,?j_
1 5 0 , 2
7 s
2
, 0
2
3
, 1
3
0
1
, 4
2 5 , 4 3 7
77,751
3 1 , 0 6 1
7 9 , 2 1 3
M E M 0 R A IJ D A
FEDERAL RESERVE HOTSS OUTSTANDING AND IN ACTUAL CIRCULATION
f . R. notes held by bank
F .R .
n o t e s
i n
a c t u a l
^ S * 7qf ^
^ s ls s o
c i r c u l a t i o
n
i
S
W
i & 'B W
"
’ "o* 1 ?p’ I S
Sh’^ n
_____________3 6 3
b2c,402 167,206 177,291
81,563
59,733 304,749
79,149
59,598
35,545
33,323
150,272 2 , 02a,ISO
58,553 279.752
75,926
53,346
30,353
33,020
137 , 69917906 ^
1 2
5 7 9 .
* 1 2 1
DISTRIBUTION OF BILLS, U.S.GOVSRNifENT SHORT-TER.J SECURITIES AND T&EBANTS
BY MATURITIES
W
B
i l l s
d i s c o u n t e d
a n d
i t h i n
1 5
d a y s
9 0 1 , o g U
$ . S , G
o v e r n m
e n t
s h o r t -
t e r m
s e c u r i t i e s
2 , 5 6 0
M
u n i c i p a l
w a r r a n t s
1 6
t o
3 0
b o u g h t
1 6 6 , 6 0 3
d a y s
31 to 60 days
2 3 3 , 1 0 0
3,4^5
51
6 l
t o
d a y s
9 0
1 3 3 , 9 2 2
1
, 9
S
5
O v e r
5
0
9 0
, 3
9
Total
d a y s
5
9 ,6 o U
17
1
, 4
3
0
, 1
0
4
17,573
72
7 1 5
Released for publication Sunday morning A-ugust 4, lQlg,
STATBQUT SBOOTG PBMCIPAL
,
j.,.
Hot earlier
I W
p. „ .
.
iJata for all reporting banks in each district. _______
No. reporting banks
»
M W B R E K K 3 L0CATED *» ® B »
‘,'e^
0rk
^
la*
C lW .
AtLsmta
i ic n a
?W j-
l£ o*
1 1 %
55.355
2 »% >
27,525
55,551
30,573
25,247
79.371+
21 , 15 s
12,4s4
13,5re3
15,637
24,420
530,221*
,^ .7 5 5
f .W w
toi’w
S ’H? i S ' S
i I ’? S J H 50
46*153
^
4?*571
kk io*n- - iJ a
732*219 4 355*896 601%71
xkn^Ii
7fc S I
I S ’S ? 5o‘ o'n
I? ’? F
5 ? '* £
26,757 23.397
Net demand deposits
Tir^ deposits
GOTemnent deposits
2. n . u - S T f e . in each
642*030 4 \fAti c « * ? S S * S
gag ’
S ’pU? S ’ L k
o l^O
R
n ’ f^o In ’nhh
r
ttsi
Ho. reporting banks
U.S.bonds to secure circulation
Other U.S.bonds including
U . s 'c e r t i f S j s of
*
3^*^^7
93
265*976
01*?«7
7
7
79,763
Time deposits
Cot eminent deposits
*5,206 i S ’n ^
IH ?n
« '? $
^ * 2 * ? *5*15°
6
24,857
57,672
4,510
50 0
23O.7I7 1*5,675 15,579 282,665
3,938 110
216*1^^
474*537
^^087
3
oSl’ I S
loo’ glp
2 S9.812
10,605
43,336
5>H6
J6(5» • 736,331*
93,339 1,640,338
3,4/3
437,364
526,300 10,540
13,852
a
{7 ' S o
1 7 ,3 3 2
294,768
235.105
26
242,23*
19
56,511* 55, a *
To+al
July 26^-July J
725
718
273,720
272,366
1
530, 22!*
592,890
238,625 198,916 50,11,6 35,271
5* 7 , 1*1
7| ? '1|J
63 I*5 “6 697,600
614,637 156,5X1 141,034 1.640,33* 1,393 M T
2® ' 253,
256,791
194,441
187.320 29,670 29,505
1*87,364
S ' Sf? 5,1 5’3^5 4’ 569.500 4,51*7,622 533,241 342,270 10;540,667 10, 535,197
713,243
707,829
383,064 1*00,939 54,615 53,099 1,150 922 1161 867
ll’f a ^>7s5i°17
41*0^
W . 025
^
470,965 167,651
667
,606
45,330
43,470 1150 9
, J?*m
I12’241 ,8'P8 15,327 10’ 53U 20’ 3°5
352,910
’^ 3 ’ ^ 2^ , S 2S l 6l , 671 353,220 130J10 373,703 2, 576.509
32?>?lo 73,916 44,905 62,320 26,026 117,506 1,426,697
135
26
Total I n s e c u r i t i e s 64o '?63
™ ’ 7« ; i m ’ ^ n
k l 'f ?
Loans secured by U.S.bcaids.etc.
iw o 96
^ t ’ ESS
All other leans and investments I, C 10 6ll 1* m ' S
J ' S
Reserve with F.a. bank
"^9L*’6l7 ’ 5sa’ 7i? o*'nn 7 s C e f i
Cash in vault
iJo’K
35,007 2 3 , 6x9
Hat demnd deposits
2
17.170
3o,123
* ,349
6,120
373,355 257,079
30,373 17,724
Ti-ii^oC ° t\
Chicago St.Louis Total Cen.Res.Cities
Reserve Cities
Country Banks
6j
fe
1&
ll
^
19
^
— July 19 July
— July
38 163
37 643
1 U6o ,o , 0 ,
I?
W
Ujl,
166
165
’
^ 10,39, <?
49,504
173.S10
173,433 49,381 49,379
227,1*11
T otal'-
> $17
75^6
s
San Fran.
18’ ” 6
Tot“ f S ? s dnsI=urities
Loans secured by U.S.bonds, etc.
All other loans and investments
Reserve with F.R. bank
Cash in vault
^
Kans.Cy, Dallas
15-590
25**, 997
s
S t. Louis Minn.
* ’< *
ll* '055
r
Chicago
' * ' 6S)
O .S .e a r t if iS t s s of
! . u
y 11(Kd
*-1105d
*
' ■ *'»*
»
n S H T S AM) OTHER
thousands of dollars.)
1“ , 6 a
S
® H I ,
^LECiED CITIES AS AT CL0 S2 OF BUSINESS JULY 2$, 191.?.
,
15° ' 110
^,315,325
! ? ’?
^ 3 ,2 0 0
532,944
343,307
167•‘‘3 s
^ .3 6 4
So^K
3^810
363:715
321,365
250,596
307, l 60 201,60*3 193,352
2 15 ,2 9 4 45,209 3 3 ,7 0 2
1,426,697
329,349
1,409,*212
So l^t
36,398
3, 429,396 3, 452,422 657,596 65l , 4gg 3, 376,509 3,919 235
@FedFRASER