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Released for publication Sunday morning Sept. 1, 1912; not earlier. X-H69 STATEMENT IDR THE PRESS. August 31* 1912. Increases of about 34*5 millions in the banks’ holdings of discounted bills and of 11.7 millions in their total cash reserves accompanied by an increase of about 60 millions in their Federal Reserve note circulation are indicated by the Board's weekly bank statement issued as at close of business August JO, 19I 8 . INVESTMENTS: Holdings of war paper, i .e ., member banks1 notes and customers1 paper secured by Liberty bonds and Treasury certificates show an increase for the week of 43.7 millions and now aggregate 29o *2 millions, all the banks except those at Chicago and Kansas City reporting substantial increases in the amounts of this class of paper on hand. Of the total discounted bills held the percentage of war paper was 62,2 per cent, as against 6l.2.fcbe week before. Acceptances on hand show net liquidation of about 4 millions, the larger decreases being reported for the New York and San Francisco banks. Additional issues of 2 millions of 1-year 2 per cent Treasury certificates to secure Federal Reserve bank notes account for a like in crease in U. S. Government short-term securities % Total earning assets show an in crease for the week of 3 2»5 millions. DEPOSITS*. Net withdrawals of 6S .3 millions of Government funds from the banks in the interior are noted, all the banks except New York and Minneapolis reporting substantial reductions in Government deposits held. Members' reserve deposits in creased 19-2 millions, while net deposits declined 93*2 millions. RESERVES: A further gain of 1 0 .7 millions in gold reserves is shown, besides considerable transfers of credits in the Gold Settlement Fund from New York and San Francisco to other banks. The banks' reserve percentage declined during the week from 5^*7 to 5^*4 per cent. NOTE CIRCULATION: Federal Reserve Agents report a net addition of 55*^ mill ions to outstanding Federal Reserve notes. The banks show a total increase in Federal Reserve note circulation of 59*9 millions, besides an increase of 3*2 mill ions in their aggregate liabilities on Federal Reserve bank notes in circulation. CAPITAL: A gain of $4lS,000 in paid-in capital is due largely to payment for Federal Reserve bank stock by newly admitted members, considerable increases in capital account being shown for the New York, Chicago, Philadelphia and Cleveland banks. CONDITION OF MEMBER BANKS, AUGUST 23, 191S. Substantial liquidation of loans and investments, including U.S. war obliga tions also large withdrawals of Government funds from depositary institutions are indicated in the August 23 report of condition of 735 member banks in leading cities. U.S. bonds, other than circulation bonds, on hand indicate an aggregate de crease of 27*6 millions, of which l4-9 millions represents the decrease at the cen tral reserve city banks. Treasury certificates on hand fell off 19*7 millions, of which about 17 millions represents the decrease at the member banks in the three central reserve cities. Loans secured by these Government obligations show a gain during the week of 4.1 millions. Other loans and investments decreased about 73 millions, by far the larger portion of the decrease falling to the share of the central reserve city banks. Of the total loans and investments the combined share of U.S. war securities and loans supported by such securities constitutes 15*2 per cent as against 15.4 the week before* For the central reserve city banks this share shows a similar decline from 16.7 to 16.5 per cent. Net withdrawals of Government deposits for the week totaled 177*3 millions, withdrawals of these funds from the Greater New York banks alone aggregating 130*9 millions. Net demand deposits show a gain of 10.6 millions largely outside the central reserve cities, while total time deposits declined 5*5 millions. A gain of about 8 millions in reserve (all with the Federal Reserve Banks) is largely offset by a loss of nearly 7 millions in cash in vault. For all reporting banks the ratio of total investments to net deposits works out at 125 per cent, as against 124.1 per cent the week before. For the central reserve city banks a like increase in this ratio from 115 to 116.3 per cent is noted. The ratio of combined reserve and cash to total net deposits shows a rise from 14.4 to l4,6 per cent for all reporting banks. For the central reserve city banks because of the heavy withdrawals of Government funds above noted this ratio shows a much larger rise from 14.9 to 15>9 per cent. Excess reserves of all reporting banks shows a gain from 77 *2 to S4*3 mill ions. This gain is confined largely to the banks in the central reserve cities, Digitizedwhich for FRASER show an increase in this item from 30*2 to 64.6 millions. * I xtexecudea for- publication Sunday morning September 1, I9I8. Uot earlier. X-ll69a STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS AUGUST "50 191 s. 3 , P TT D H TP O a ____ —~ _____ - S i R E SP OA U R C E S August 30, I 9IS August 23, 1918 August 31, 1917 Gold in vault and in transit $384,009,000 $335 , 072,000 $426,741,000 Gold settlement fund, F. R* Board 520.926.000 553. 060.000 397, 067,000 Gold with foreign agencies — 5 .8 2 9 .000 52.500.000 .■ ^ ^ m p p p Total gold held by banks 910.764.000 943. 961.000 876,308,000 Gold with Federal Reserve Agents 1,061.597,000 1 , 018, 767,000 488,536,000 Gold redemption fund ___ 1*0x123, .0.0.9 ___ 7,375.000 Total gold reserves 2 . 003. 051.000 1 . 372 . 219.000 2,013,79*+, 000 Legal tender notes, silver, etc. ___ 5^ . 168.000 ___ 52, 215a 0.0.9 52. 550.000 Total reserves 2 , 066, 962,000 2 . 055. 266.000 1 . 424. 769.000 \ C H) Bills discounted for members and F.R. banks 1,423,-055,000 1,393,705,000 128.407.000 B ill" bought in open market , 236, # 6,000 232,-563^330 Total bills on hand 1*03 1 , 630, 321,000 1 . 660. 792.000 k> 287.964.000 U*S«Government long-term securities 30. 624.000 30. 350.000 45 . 226.000 U.S.Cov'errcriont short-term securities 23. 479.000 25 . 772.000 30.480.000 All other earning assets • 62,000 _______- ijj3Q0 _____1.457.000 Total earning assets i>684,486 ,000 1 . 716 . 927.000 365. 127.000 Uncollected items (deduct frcm gross deposits) 601, 983,000 568, 655,000 210. 630.000 5$ Redemption fund against F.R. bank notes 95s, 000 1,164,000 500,000 All other resources 11.294.000 n 4 rooo TOTAL RESOURCES ^,353,9S7,000 *+7365, 555,000 2.001.140.000 — L I A B I L I T I E S Capital paid-in Surplus Government deposits Due to members - reserve account Collection items Other deposits including foreign gov't, crodits Total gross deposits F.R. notes in actual circulation F.R. bank notes in circulation - net liability All other liabilities TOTAL LIABILITIES Ratio of total reserves to net deposit and F .S . note liabilities combined Ratio of gold reserves to F.R. notes in actual circulation, after setting aside 35$ against, net deposit liabilities % 78,168,000 1 , 134,000 104. 729.000 1 ,^ 7 0 ,6 3 ^ 0 0 0 437 . 885.000 120.^00.000 77 , 750,000 1 , 134,000 173 . 027.000 1,459,480,000 450. 947.000 ... 112,597.000 2.141.553.000 2 . 092. 708.000 , 20 687,000 ____~51.105.000 ^ , 365, 555,000 53.484.000 59. 972.000 1 , 121 , 129,000 32. 933.000 l4s.955.OQO 2 . 196. 051.000 1 . 362. 939.000 2.032.837.000 16 ,864 ,000 , . —23 , 351, 000 ^ ,3 5 3 , 927,000 573,049,000 5 . 473.000 1.145.000 2 .0 0 1 .140.000 56 .4$ 56 . 7$ 72 . 73 *7# 81.1 Not earlier. Released for publication Sunday morning September I, 1918. X-ll69b WEEKLY STATEMENT OF REQOURCES AND LIABILITIES FOR EACH OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS AUGUST 30, I 9IS. (in thousands of dollar sO Boston New York Phila* Clevel. Riclxa- Atlanta Chicago St #Loui s Minn. Kans.Cy.Dallas San Fran. To tal 289,110 26s 22,823 6,179 6,782 26,577 Gold in vault and in transit l,4l6 8,226 207 6,951 11,872 334,009 I * 59?' 73,052 89,643 30,216 12,667 30,060 76 , 374 , 53,030 68,372 29,919 19,578 Gold settlement fund, F-R* Board 8,833 28,682 520,926 4os 2,011 408 525 204 175 816 Gold with foreign agencies 233 __________________ 291 204 321 233 5,229 80, 08O 364,173 53,7 0 6 9 91,720 1 , 7 2 0 33b, 302 Total gold held by banks 6^0 2 " 26,535 1177035“ 31,S65' 21,126 30, 55s 15,922 40,875 9107754 297,613 112,195 135,052 39,091 21,769 168,013 51,719 22,751 52,643 13,262 26,936 1,061,597 Gold with Federal Reserve agents 59.953 Gold redemption fund 5.000 1.478 ____846 4 ._ m 2 ,4 56 2*L355l 2.602 M 3_2_ 1,159 1,546 61 41.433 145,032 676,741 170,901 228,250 76,239 50,760 289,681 86, 186~ 46,376 24,360 31,396 127,872 2,013,794 Total gold reserves Legal tender notes, silver, etc. 310 84? ,r 317 2,311 -45,175 — .......... 784 1,448J 425 56 w 251 964T C.CSJ 220 53\.162 iO o 721,916 171,625 228,560 77,086 157,403 Total reserves 51,077 291,129 86,611 46,432 84,611 32,3 6 0 1 2 8 , 0 9 2 2 ,066,962 Bills discounted for members and 72,188 561,639 F.R* banks ,270 89,992 52,642 49,356 214,152 52,8 1 - 59,941 52,935 42,431 76,556 i ,42&,-e|f li " 7 r- r * T n r* —rl 1 1 _________________________ __ _ ___ ____ ** 28,746 121,875 - J j7kU O- z OLL mA *i7*7 Bills bought in open market ..-..>1742 3 !557 151740 "l,’66* 7 ^ ’ 336 ^ ’ 136 " " I 19 19!312 100,934 683,514 101,032 110,069 637384 53,^13 229^892 54, 294- 607277 59,071 43,050 95, 863T 7660.79S Total bills on hand 942 1,452 U*S.Government long-term securitie s •1342 2,292 1,233 620 4,509 1,153 122 3,871 4,347 3,461 30,350 l,4i6 12,438 n 11 short-term Ir 1 ,2 1 1 1,695 1,510 991 2 ,112 321 912 1,244902 1,020 25,772 All other earning assets — — — 6j_ 67..... — 103,292 697,464 ^ ^ 5 i 'i 2 0 ,0 5 6 ~ 6 B , i27 Total earning assets 55,091 236,513 55,768 6 1,3 11 69,186 "'4s,'299 100,349 1,7167987 Uncollected items (deduct from 32,633 gross deposits) 162,779 ' 537024' 46,305 3 2 ,3 H 26,064 60,247 4o,322 11,650 45,44i 20,071 25,192 562,655 5fo Redemption fund against — 274 Fw R* bank notes 50 — — 19 200 4oo 137 84 1,164 All other resources 239 1,939 ! , 55S 631 1,049 764 1,262 624 215 9°4 710 1.292 . 1 1 , 727 , 290, 2i7~375"g4T7 r2' TOTAL RESOURCES 329, 9^2 396,052 122,573 133,015 529,351 123,331 119, 60s 200,542 101,577 255,009 4 ,365,555 L I A B I L I T I E S Capital paid-in Surplus Government deposits Due to members, reserve account Collection items Other deposits including foreign government credits Total gross deposits F*R# notes in actual circulation F*R*bank notes in circ.,net liab« All other liabilities TOTAL LIABILITIES 6,510 20,092 15 649 13,070 ? 1 .3 U 4o,l4s 28,582 640,700 104,636 114,8j6 136,817 659,766 3.179 2,286 11,812 290,217 1 , 584,^12 --- 8,746 7,302 5,227 9,036 87,618 119,977 42,732 50,271 3,921 116 6,527 45,946 32,290 .1.6.0 3,126 10,760 4o 216 7,463 4,697 36,808 200,885 22,035 44,244 3,687 6,354 52,659 34,321 2,279 32 3,436 35,639 14,497 3,520 — 6,163 69,o4s 23,964 3,052 — 7,933 30,917 12,617 4,513 78, 16s — 1,13 4 6,241 104,729 67,131 1 , 478.639 16,124 437,885 i4 'JJ f J J* 169 _____ 22_____ — _____ — ___ 2^94.8___ l?o,?nn 2*091' J ' %vJOJ) 93,503 53,594 99,175 51,467 92 ',444 2 , i4 i ’, 553 125,243 205,591 65,345 314,806 84,918 61,939 87,997 43,304 154,666 2,092,70s --7,820 2,696 1,660 20.687 i 1ft1 r~~ no 4,881 1-499 2,271 1,457 s4o 4,005 1,223 1 70 329,96s 39b ,052 182,573 133,015 529,351 123,331 119,60s 200,542 101,577 255,009 4 , 36^555 — u 1j |^J 92,316 -------------- — — -------------- ■ ■ , 1 . 1 5 8 . Q 1 . 0 S 8 1 . 7 ? 6 xnk He leased, for publication Sunday morning September 1, 191s. uot earlier. STATEMENT OF EEIERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OE BUSIIffiSS AUGUST 30 1918. (In thousands of dollars.) FEDERAL RESERVE NOTES: Received from Comptroller w \ o ^ « & » ? ^ ;n» g £ 5£ f i ^ S T s ^ Returned to Comptroller _27,892 20,629 16,083 Chargeable to F.R.Agent 15S, 3^,528 97,251 67,997 In hands of F.R.Agent 16.600 — 8° --6^120 19 , 9^0 ___ 6^900 25,750 HlSUo ^[gQQ 5 ! 320 Issued to F. R. bank less amount returned to F.R. Agent for r ________________________ 2l6>232 96,889 68,245 333 , igg 91,451 62,677 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and certificates on hand 5,000 163,740 -Gold redemption fund 7>53 13,873 9,996 Gold settlement fund, F.R.Board ^7,500 120,000 102, 1§9 Eligible paper,minimim required 81,790 —H.08, 328 86,088 *7fYC r\)| *\r\ry> o liil JU'Z Total 198,283 AMOUNT OF ELIGIBLE PAPER DELIVERED TO F.R.AGENT 100,934 683,514 89,145 S . ‘i S ' ? $ 3 S S .S S T a .S IS * . 20,257 17,87^ 100,843 53 , 5^ 7 ! 020 9,920 13, 36o lbb,84o 516. 0^2 2, 479,443 260,510 93,823 43 , 626 166,840 2 , 218,938 * 23,812 11,240 100,000 81,180 Z," 216,232 115,581 2,504 1,445 1,591 37,500 57 2,589 17,820 167,956 49,130 — 3 6 , 4/6 165,175 39,732 96,889 68,245 333,188 91,^51 „ 62,409 46,888 229,256 48,317 13,102 1, 3^9 8,300 2,283 11,081 2,097 6s4 29.764 219,239 7,735 61,708 62/677 79,201 780,650 7Q Q04 1 157 w l 41,180 93,823 “ £3,626 166, s4o" 2,21^,938 5^,202 59,071 39,926 50,360 43,050 81,447 1, 613,814 M E M O R A N D A F. R. notes outstanding F. R. notes held by bank F.R.notes in actual circulation 141,743 FEDERAL RESERVE NOTES OUTSTANDING AND Ilf ACTUAL CIRCULATION. 193,283 216,232 ^,926 T T u817 7 ~ 659 ^ !,?766. ^ 85,243 ^ 10M l ^ 205,591 96,889 6 8,245 92,316 *9 °0 65,31 333,188 91 451 ^ -------- 62 677 73* 93,823 43,626 166,840 2,218,938 5,826 322 12,174 126, 230 87,997 ^ 3 , 30^ 15^,666 2,092,708 DISTRIBUTION OF BILLS, U. S. GOVERNMENT SHORT TERM SECURITIES AND WARRANTS BY MATURITIES Within Bills discounted and bought II.S.Government short-term securities Municipal warrants 15 days 1,0^7,516 4,945 16 to 30 days 141,558 31 to 60 days 219,92 8 £,690 4i 6l to 90 days 223,655 798 5 Over 90 2 8 ,l4l 15,339 21 days Total 1,660,798 25,772 67 ^ ... —— Released fox- publication Sunday morning Sept amber 1, 19 io. Mot earlier. STATEMENT SHOTTING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS LOCATED IN CENTRAL RESERVE, RESERVE AND OTHER X-ll69d SELECTED CITIES AS AT CLOSE OF BUSINESS AUGUST 23, I 9I 8 . (In thousands of dollars.) 1 . Data for all reporting banks in each district Boston New York Phila. Clevel. Hi elm. Atlanta Chicago St.Louis Minn.Kans.Cy. Dallas San Fran. Total No. reporting banks *2 102 50 85 78 *+5 96 32 35 73 *5 52 735 U.S.bonds to secure circulation 1*,J?1 50,15* 12,770 42,131 2*,621 15,465 18,822 17,070 6,369 13,772 17,929 3*,505 267,979 Other U .S . bonds including Liberty bonds • 12,*05 226,264 29,118 52,219 30,3*7 23,051 65,011 18,049 12,371 16,224 14,974 26,886 526,919 u.s.certif icates of indebtedness 51,271 481,062 50,030 70,539 26,957 27,197 107,769 28,973 18,5*7 £t,**9 1 *, 512 51,055 959,361 Total u.s. securities 78,o47 757,*80 91,918 164,889 81,925 65J 13 191,602 64,092 37,287 61,445 47,415 112,446 1,75*.259 Loans secured by u.s.bonds,etc. 39,891 219,889 44,o4o 36,955 20,760 7,683 61,854 13,182 10,389 4,326 5,325 9,233 *73,527 All other loans and investments770,650 4 , 379,941 607,474 982,160 367,677 288,476 1,434,308 383, 598 267,876 465,081 178,273 532,933 10,658,4*7 Reserve W i t h F.R.bank 64 , 145 613,978 52,892 80,030 30,787 27,4io 138,724 35,510 18,107 44,839 1*,771 44,610 1,165,803 Cash in vault 2*,3f6 119,679 20,224 29,440 16,026 13,955 5 3,3** 11,897 8,121 15,377 10,601 19,881 342,921 Net demand deposits 644,017 4 , 297,813 579,239 720,989 296,269 205,328 1 , 036,635 271,379 158,823 373,*31 137,921 389, 19^ 9 , 111,038 Time deposits 96,953 269,825 l4,26l 235,258 53*67090,28a 359,965 75,575 * 5,367 63,732 24,579 116,090 1 , 445,563 Goverment deposits 68,230 365,040 45,656 61,615 19,040 17,700 82,380 25,393 28,825 29,222 10,525 12,153 765,779 2. Data for banks in each central reserve city, banks in all other reserve cities, and other reporting banks. New York .Chicago St. Loui s Total Cen. Re s.Cities; Re serve Cities Country B^nks . Total Aug. 23— —Aug. 16 Aug. 23 Aug. 23 Aug. 23-- Aug, 16 . Aug>23— -Aug. 16 . Aug *23~-Aug.16 Aug. 23--Aug 16 No. reporting banks 447 40 14 447 69 165 165 123 69 123 735 735 U.S*bonds to secure circulation 36,260 36,340 1 1 , 132 172 , 500 268,252 267, 979 172,135 * 8, 117 48 ,525 *7, 362 9, 970 *7, 592 Other U .S . bonds including Liberty bonds 244, 825 241,249 51, 687 53,567 215 , l4o' 28, 842 1 1 , 998 203,985 526, 919 230, 407 554,499 259, 683 U.S.certificates of indebtedness 456,880 944 4io 906 *73,252: 56, 654 361, 072 979,052 53*, 551, 361 36 *,3 5 1 3>5 62,795 959, 63, ,2 1’ Total U .S . securities 724,732 : 86, 628 *3, 378 697,125 827, 131 859, 181 763, 979 777,735 163, 1*9 164, 887 1 ,,75*,,259 l, 801,803 Loans secured by U.S.bonds, etc. 196,828: 44, 412 • 9, 198,817 469,437 190,632 ■£7, ^79 27,623 058 252; 990 251. 182 193, *73, 527 All other loans & investments 035,712 1 087,862: 875, 537 280, 619 f>,191, 868 I>,250, i i 9 iJ, 650, 667 1^ 657,026 815, 912 824,287 10,,65s, 447 10, 731,^32 Reserve with F.R. bank 588,019 67s, 182 712, 486 * 26,062 55, 429 53,515 1,,165,,803 1 , 157,759 551,527 96, 914 27 , 553 397, 888 Cash in vault 1*4, 617 1*8, 186 106,005 31, 664 161 , 886 165,120 36, *18 36,589 5, 960 106,993 3*9,895 3*2,,921 Net demand deposits ,992,146 j5,990,899 698, 684 198, 984 k889, 814 4L889, 1 7 6 :5,566, 526 3 ,55 *,*23 65*, 638 656,852 9,, m . ,038 9, 100,451 fime deposits 225,840 133, 324 53, 705 412, 077 848, 257 *05, 544 218,515 847,619 191, 762 191,3*1 l,,**5,,563 1 ,*51,037 Government de-posits 124 224 467,446 408, 338,144 20 , 5*6, 796 336,569 51, 531 053 309, *7, 759 58 ,908 765,,779 9*3-, 105 Ratio of combined reserve and cash to total net deposits, per cent * * 15.9 i4.6 16>•5 1M 15;-9 14-9 131.6 l*»3 i4 .6 i4.4 r I "Released, for publication Sunday morning September 8, I9 I8 . Not earlier. X-II76 STATEMENT FOR TM JFiffiSS September 7, 191S Continued gains in discounts, mainly o£ war loan paper, also in note circulation ftra indicated by the Federal Reserve Board's weekly bank statement issued as at close of business on September 6, I 9IS. ^INVESTMENTS: Discounted bills on hand show an increase for the week of 113*8 millions, all the banks except Kansas City reporting substantial additions to their holdings of discounted paper. Of the total reported 55 ;3 Per cent as against 62 .2 per cent the week before is represented by wax’ paper, i . e ., bills secured by Treasury certificates and Liberty bonds. Acceptances cn hand’ increased 1 .2 'millions, although the New York bank shows net liquidation of this class of paper. An increase of 2.3 millions in Government short-term securities is due partly to the taking by New York . of additional Treasury certificates to secure Federal Reserve bank note circulation. Total earning assets show an increase for the week of 13.6.6 millions. IgPOSITS: Government deposits increased 92.6 millions, all the banks except Richmond and Dallas reporting larger amounts of government funds on hand. Members' reserve deposits show a decrease of 13*5 millions, while net deposits show a gain of 28.7 millions. REEERTOS: The week saw a further gain of 3*2 millions in gold reserves. Largely as a result of a return movement of funds from the interior, the New York bank re ports a gain of 33-5 millions in total reserves. The banks' reserve percentage shows a decline from 50.4 to 5 4 .9 per cent. IQ£S CIRCULATION : ^Federal Reserve Agents report a net addition of 100.2 millions to F.R. notes outstanding, The banks show a gain for the week of 88 millions in F.R, s “ \ actual circulation, besides an increase of 3.3 millions in their aggregate liabilities on F.R. bank notes in circulation. CAPITAL: An increase of $191,000 in paid-in capital is due largely to payment for Federal Reserve bank stock by newly admitted members, The largest gains under this head are shown for the Chicago, St. Louis, Philadelphia and Richmond banks. CONDITION OF MEMBER BANKS, AUGUST 30, I 9IS. Further reductions in the holdings of Treasury certificates and Liberty bonds are indicated by the Board's ■consolidated weekly statement showing condition on August 30 of 734 member banks in leading cities. Large withdrawals for the week of Government depcsits^are Vpanty offset by substantial gains in net demand deposits. Treasury certificates on hand show a decrease of 28i2 millions and U.S. bonds other than circulation bonds - a decrease of 11 .9 millions. For the central reserve cities a decrease of 21.9 millions in certificates and a slight increase of 1.6 _bond;sn ,is noted. Loans secured by government war obligations de reserve ci tv th® greater Part of this decrease affecting the central rM10T. t w * c, ns ^ investments decreased 4l.g millions at all aJd 0V®J 51 millions at the reserve city banks. Of the total loans T: combined snare of government obligations and loans sefZ l For tha °nS was 1 9 per cent as aS&inst 15.2 per cent the week be16 *1 'per cent ° reserve city banks this share shows a decline from 16-5 to oF™ ?^eS °f g?Ve^m 1er\t d3posits indicate net withdrawals during the week of rilv V a i i 120*5 miHions represents withdrawals frcm central reserve , ‘ , , S ^ . millions withdrawals from banks in other reserve cities. Net for^the banks ‘ miH ions> about one half of this increase being shown . . the central reserve cities. Time deposits went up 4.7 millions, resorvs? y ? f . t0 banks outside the central reserve cities. Aggregate . “ “ . „ , . millions,largely in greater New York, while total cash in vault increased 8.3 millions. .^ °r reP °r^ing banks the ratio of loans and investments to total deposits ea-!='mCtari^ fic f Per cent, while for the banks in the central reserve cities » w ra 10 0 II 0.3 obtains for the two dates under discussion. The ratio of eserve and cash to total deposits shows a rise frcm l4.6 per cent to 15.5 per cent for all reporting banks and frcm 15.9 to 17 per cent for the banks in the central ! XC3f f . r®ser^ s of all reporting banks work cut at 136.5 millions, ^ y1 ^ millions tne wee*: before. For the csntra'1 reserve city banks an increase m this item from 6 4 .6 'to IO9.3 millions ic noted. Released for publication Sunday morning September 8 , 1918. Uot earlier, X-1176a STATMfENT OF COMBINED RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTEMBER 6 , I 9I 8 . R E S O U R C E S September 6 , 1918 August 30, 191s September 7, 1917 Gold in vault and in transit $ 383, 223,000 $384,009,000 $ 4 i 4 ,433 ,000 Gold settlement fund, F.R.Board 531,000 520.926.000 395.853.000 Geld with foreign agencies 5 .82q .000 52.500.000 Total gold held by banks s£5,5S9,ooo 910.764.000 862 . 786.000 Gold with Federal Reserve Agents 1 , 087, 760,000 1,061,597,000 494 . 779.000 Gold redemption fund 4i .4^ .ooo — 43-,fi34,ono ____ 7,218,000 Total gold reserves 2 ,O ig,983,000 2,013,79^,000 1 . 364. 733.000 Legal tender notes, silver, etc. ___ 51 , 511 ,000 53 .168.000 ■ 50.608.000 Total reserves 2, Of 0 / 494,000 2,066,962,000 1 . 415 . 391.000 Bills discounted for members and F.R.Banks 1 ,5 4 1 ,9 ^ ,0 0 0 1,428,235.000 168. 217.000 Bills bought in open market € 33. 7^.000 - 232 , 563.000 113. , 199 , ooo. Total bills 011 hand lob 1 ,7 * 5 ,^ 0 ,0 0 0 1,660,79s ,000 341 . 416.000 UrS-Government long-term securities 29. 768.000 30.350.000 . U.S*Government short-term securities 28.030.000 25.772.000 42.441.000 All other earning assets ______ .--75.000 67.000 ____ 5294100. Total earning assets 1.833.613.000 1,716,987,000 429.780.000 Uncollected items (deduct from gross deposits) 642,377,000 568,655,000 228. 996.000 Jp Redemption fund against F.R. bank notes 1 , 313,000 1,164,000 500,000 All other resources 12. 076.000 11 . 787.000 ■kl^OQQ TOTAL RESOURCES 4 .5 5 9 . 873.000 4 ,365 , 555,000 2 , 074, 714,000 45 394.000 L I A B I L I T I E S Capital paid-in Surplus Government deposits l/ue to members — reserve account Collection items Other deposits including foreign gov't, credits Total gross deposits F.R, notes in actual circulation F.E. bank notes in circulation - net liability All other liabilities TOTAL LIABILITIES Ratio of total reserves to net deposit and F-R-. note liabilities combined Ratio of gold reserves to F.R. notes in actual Circulation after setting aside 35$, against deposit liabilities ,i\ Digitized ■•net for FRASER \\ http://fraser.stlouisfed.org/ u Federal Reserve Bank of St. Louis 197 . 325.000 1,465,102,000 461 . 640.000 nq.Q6o.ooo 78,35?, 000 1 , 134,000 78,168,000 1,134,000 104 . 729.000 1 ,478 ,639,000 437 . 885.000 39. 926.000 1. 138. 542.000 154 . 112.000 120 .100 .000 •2,21&, 027,000 € ,180,679,000 23.964.000 3 1 . 710.000 4 4 5 9 , 873,000 54 .^ 2 .141 . 553.000 2.092.708.000 20 ,687,000 31, 305.000 4.365.555.000 56 . 4$ ± 69. 59. 256.000 7 2 . 5 $ 53.339.000 1,385,9-19,000 621. 299.000 6 . 894.000 1.346.000 2 . 074. 714.000 79 .6$ Released for publication Sunday morning September S', 1918. Not earlier. X-llT&j WEEKLY STATEMENT OF RESOURCES AND LIABILITIES FOR EACH OF ’THE FEDERAL RESERVE BANKS ATCLOSE OF BUSINESS SEPTEMBER 6, 1918 (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 2,819 287,998 279 22,866 6, l 6l 6,829 <26,761 1,200 8,222 3 53 6,962 12 778 383 228 Gcl'l settlement fund, F.R.Board 71,5^0 107,592 59,317 53,713 2b > 0 12,862 6U U 50 25-286 10 Oil 23,965 3 ,}k0 32 055 Gold with foreign agencies ...... __________ 2a0 1 1 _ U 0 8 _ 525_ £CU i?5 Sib 235 2^ 291 £0U s’ Total gold held by banks 7 4 ,7o? 3V7 ,601 60, oo4 77,104 32,765 19,866 92,02? 26,719 18,466 24,609 16,506 45,155 885,589 Gold -sdaral reserve agents 59,705 297,165 111,795 134,576 4l,l+39 25,480 179,225 51,720 22,737 57,643 ii+,3Ug 91 , 9 2 7 1 , 087,760 Gold redemption funa __4 >i4-i-6---lj+, 955-- 5,000 I .360 794 3,684 1+.919 ?,gj92 P,6?0 1,157 1,81+6 6l 1+3 6 •0 tel goid reserves ^ g iS 709,721 176,799 213,240 74,998 49,030 276,171 81,031 43,823 83,409 32,700 137,143 2 , 01$,983 Legal tender notes, silver, etc. _J>,£;1±-- f e j 0 5 --- g6l______ 335______S£4______164 1.1*0 79S ?4 . 291 V lU P gi? 75i ,426 177,606 213,635 E i l l ^ d i s c o u n t s d for aembsrs a n d 5 S k ,a p S.E. barjcs ^ Bxx.'t* nought m open market Tobal bills on hand 99,693 97 ,5^7 _23*3j2i-- 120.762 8.85b 2 7 . 6 ^ 111,333 70 4 S b l 108,549 125,200 lor.g-.enn . e c u r i U e . short-term " U .i W e r m m t Ai*. other earning assets Totai earning assets Uncollected items (deduct from dJP°s^ s) , 5% Redemption fund. against F-B- . , ? an^1notes All otner resources T o m resources 7>*2 l,Ul6 1,1*50 43, 1+91 6^,207 81,829 55,oU2 2 4 4,359 6 o , U i >*3,897 6U. 8 1 5 3 1+36 if, ->49 1 6 i ^ ^ 1+.649 68, S56 5 p 7 136 57, 473 ^ ^ 31,661 1+1 , 35!+ 14,373 53,514 22,792 ’* 9U0 1 40,713 55,102 32I ^ 172,017 6>+,i+6l 116 ]Q 915 i7H-t>b 6 T 7 7 ^ 60, 156267,528 ___ 1 ,151* 86 , 5 3 1 1 , 5 4 1 , 9 3 ^ 5S4 71,599 ___ 4,508 2,112 57,337 4 5 , 5 7 2 ?59 720,192 111,107 129,217 2,292 1,725 1,233 620 1,510 9 9 1 83,700 33,335 137,357 2 ,070,^ 29 768 28 0 3 0 g ________ ’ ___ ___ ’ 7^ 63,906 66,130 67,610 51,754 110,918 1 , 833,613 13,881 13U7 1,211 ------- ____________ 113,496 75,862U 9 , igl* £ 77,601 ___ 76 , 471+ S 868 1669 3 977 3 > 6l 1 651 1 003 » > - / , . ^ ^> 25,925 642,377 T " ^ 50 — — 1S 200 — — 4oo 137 8U 1,313 -- §1+2--- 1^.923___ 1 ,665 597______ 828 757 1 ,565 561 202 918 779 1.382 12.076 298,828 1 , 650,032 354,949 398,551 189,002 l4i ,786 623,368 188,150 124,602 206,142 108,797 275,666 4 , 559,873 L I A B I L I T I E S Capital paid-in burp^u^ ^ Government deposits Due to members, reserve account Collection items Other deposits including foreign government credits Total gross deposits _ F.R»_notes in a^tu^l circulation llah* TDTAT T TflKTTTVTVS ^ 0 | A L LIABILITIES 6,510 20,109 25,259 90,751 649 31,789 661,057 31,933 123,988 7 5 7,334 8,751 —— 16,928 £0,979 92,549 110,500 1+5,570 1+3,222 _____===___ n 6 . S U -IKU ij+7,998 933,665 155,047 174,885 ll+l,84o 078,298 190,1+52 212,398 3,137 10,796 3,721 3,721 116 ho 216 ----- 3,94s 6,138 47,152 33,469 — 86,759 96,678 2,883 2,883 3S 38 8,011 33,839 9,158 8,91+6 8 , 91+6 9,158 34,510 I 9I+, 15" 50,724 ^ ' 36,129 ' 21,738 47,08 35,396 9,897 p* ___ 64,287 275,078 73,303 328,297 3,590 3,590 — 11,890 11,890 ' ' 6o ,632 29,538 3,059 3,059 4,521 7 8,35 1 — 1 13! 6,284 197*325 6,284 18 10>+ ' ’ ' ‘ 31,659 13,624 Tfe --- £25r P 7?U n o ofin __ 16.8 _ 95,1+46 54,997 102,060 51,567 102 ,2 }8 2 , 21+4,027 87,705 65,410 90,500 50 , 38 k 165,1+lU 2,180,679 5’ ?92 5U? 20U “ 159 4,767 — — 7,938 2 ,71 7 1,680 23 , 36k -- Z ^ 9-- h 5P --?’315' “ 1 ^ G1-— 2fi0--------1 ^ 2 --1^2lk___ _________ l^QJO___ 1,813 3 M ln 298,528 1,650,032 354,949 398,551 139,002 ll+l,7S6 623,368 188,150 124,602 20o,ll+2 108,797 275,666 4,559,873 Released for publicavion Sunday morning September 8, 191s . jj0 t earlier. X-11 76c STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS SEPTEMBER 6, 1918. (In thousands of dollars.) FFIf.rUL 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 7 Boston New York Phila. Clevel. Richm. Atlanta Chicago St .Louis 158,140 i „o t s ,oso 251,91+0 261,220 136,920 120,860 4 i 4,74 o 126,500 -38U 31-- 241t587 46,237 23,044 ?.g,;656 22,203 28.620 21,274 159,749 834,493 205,703 238,176 108 ,£64 98,657 386,120 101,226 -13,800-- 32^200-- 5^ 120. 15,520___ 5,100 22, 205.. .41,720 6 , 5bO Minn. Kans.Cy. Dallas San Fran. Total s4 ,,oso 123,700 7 4 ,340 190,760 3,057,280 16,097 21 r112 17.978 15.369 520.568 67,983 102,588 56,362 177,331 2,536,712 1,670 7.720 5.525 -216.940 145,949 66,313 742,293 200,583 222,656 103,164 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and certificates on b~:r.d 5,000 Geld redemption fund 7,205 Gold settlement fund, F.R. Board 47,500 Eligible paper .minimum required s6 c44 To tal 145,949 83.788 742,293 200,583 AMOUNT OF HEIGIBLE PAPER DELIVERED TO F. R. AGENT 704,86 1 111,338 163,740 — 13,425 9,874 1?0,000 101,921 445,128 23,813 10,763 100,000 76,452 344,400 94,666 — 1,439 40,000 2,504 — — 2,106 362 20,870 178,863 49,131 13,102 bl,725 ^ 2,656 103,164 50r972 l65t175 42.946 76,452 344,4oo 94,666 88,080 98,538 124,574 66,014 4s, 305 51,037 177,3 9 12 ,3 1 9,77 2 — 2,233 55,360 11,0 8 1 €,583 6s4 — 7 ,72-6 S4,2oi 4^.576 66,313 2 19 < 2^0 61*690 806,330 5 7 . ^ 5 36.689 85.464 1 .232,012 34,868 51,037 177,391 2 , 319 ,772 57,434 57,473 46,126 92,950 1 ,719,854 2,539 1,335 51,333 260, 90s 94,868 8,300 M E M O R A N D A F» R. notes outstanding F. R. notes held by bank F.R.notes in actual circulation FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION. 145,949 —■4 ,109 l4i,s4o 7^ ,2 9 3 200,583 76,452 7 ^ ,^ £ 00,583 222,656 222^56 103,164 7 6 , 4 ^ 344,400 94,666 66,313 94,868 -63-,393 £3,.,.995 10,131— 10, 131— 10 IQ.,2 58___ aJi&B aykzf>___ 3 3,.i4. -..i6,.i03___ __________ 303. ,^ 58 ,.l4.9-..l 6,.I03 3a} . 4,368 4,^68 678,293190 , 452212^93 96, 67s 73,303 328,297 87,705 65,410 90,500 51,037 177,391 2 , 319,772 653. 11,977 139,093 50,384 165,414 2,130,679 DISTRIBUTION OF BILLS, U.S.GOVERNMENT SHORT-TEEM SECURITIES AND WARRANTS BY MATURITIES. Within 15 davs Bills discounted and ’bought U* S.. Government short-term securities Municipal warrants 16 to 3 14 5,388 3,722 31 to 60 days 24g, eef i,o46 . 4i 6l 2o days 1,527 10 Over 90 days 15,30^ 16,347 16 Total 1,775,740 ‘=•8,030 67 Released for publication Simday morning September igiS . Not earlier, STATBivIEMT SHOWING PRINCIPAL EESOUP.C.UJ M r LIABILITY ITEMS OF M E M B E R BANKS LOCATED IN' CENTRAL RESERVE, RESERVE AND OTHER SELECTED CITIES AS AT CLOSE OF BUSINESS AUGUST 30, I 9IS* (In thousands of dollars.) 1» Data for all reporting: b a n k s in X-1176d -'.each d i s t r i c t . Boston -New York.Phila- .Clevel*. Richm* .Atlanta. Chicago *St .Louis Minn- -Kans.Cy* Dallas. San Fran* Total No- reporting banks ^2 102 50S3 77 ^5 9& 32 35 73 ^5 52 73^ U*S„conds to secure circulation 1 ^,3&1 50,172 12,770 ^2,209 2^i33^ 15,^67 16#408 17,^08 6,3&9 3-3,710 17,629 3^,505 267^539 Other U*S abends including Liberty-bonds 12,092 234,009 28,277 47,996 28,301 22,304 56,368 16,090 11,390 15,556 lU-,988 27,608 514,979 U-S.cerV,if icates of indebtedness 49,084 460,753 48,457 70,573 27,658 27,222 106,73^ 27,666 18,412 30,547 14,428 49,580 931,114 Total u .s . securities 75 , 53 7 744,934 89,504 160,778 80,290 65,193 181,510 61 ,164 36,171 59,213 ^ 7 , 0^ 5 111,6 9 3 1 , 713,632 Loans sscrared by lEBS.bonds,etc. 4c,000 204,924 44,245 35,344 20,632 7,802 59,017 13,089 11,442 *+,236 5 , 1 ^ 2,656 455,031 All other loans and investments 766,717 ^,361,771 609,794 977,656 357,269 289.746 1,421,425 3 7 8,542 275,535 461,626 178,062 537,125 10 , 615,868 Reserve with F.R. bank 64,74-2 663,215 55,311 86,500 30,275 26 52S 143,442 34,598 17,47 5 48,830 14,834 45,813 1 , 232,163 Cash in vault -22,930 115,136 18,617 29,720 16,651 13,^72 68,761 11,569 7,674 15,567 11,303 19,236 351,236 Net demand deposits 654,927 4 , 352,751 584,633 733,552 313,736 206,894 1,052,463 267,883 157,23-2 384,215 132,571 323,440 9,230,897 Time deposits 97,882 269, 9s? 14,311 236,001 52, l44 91,444 357,189 76 , 02s 45,403 67,279 25,615 116,742 1 , 450,030 Government deposits 46,963 257,052 32,066 42,392 l4,42o 13,822 57,913 15,761 2o,c45 21,678 7,653 12,139 547,910 2. Lata for banks in each central reserve city, banks in all other reserve cities, and other reporting banks. Hew.York .Chicago-St.Louis Totaf Cen.Res.Cities Reserve Cities - Country Banks. Total Aug. 3O--Aug.23 Aug«30 Aug.30 Aug.30-Aug.23 Aug-30--Aug. 23 Aug-30-- Aug.23 Aug .30— -Aug.23 No - reporting banks 69 69 4o l4 123 123 ^6 446 165 165 73*+ 734 U-S-Bonds tn secure circulation 36,278 36,260 1,132 10,308 47,718 47,363 171,714 172,400 48,107 48,117 267,539 267,879 Other U.S.bonds including Liberty bends -212,4o6 203,935 23,770 10,280 246,456 244,825 217,871 230,352 50,652 51,687 514,979 526,864 U-S.certificates of indebtedness436, 929 456,880 55,463 20,.642 513,034 534,944 356,151 361,015 61,929 63,345 9 3 1 ,ll4 959,304 Total IT.s. securities 685 , 613 697, 1 2 5 -80,365 4l,230 807,208 827,13 1 745,73 6 763,767 160,688 163,149 1 , 713,632 1 , 754,047 Loans secured by U.s.bonds,etc. 1S4,052 198,817 42,070 9,986 236,108 252,990 192,125 193,043 £6,792 27,479 455,031 473,5*2 All other leans and investments>^Ql6, 821 4,035,712 863,43 1 275,745 5,155,997 5,191,868 4,6^.3,684 4 ,6 4 9 ,91£ 82b, 187 815,912 10,615,868 10,657,692 Reserve with F.R.bank 633,007 588,019 99,896 27,083 764.986 712,486 413,929 397,828 53,24s 55,429 1 , 232,163 1 , 165,743 Cash in vault 103,379 106,993 32,330 5,774 l4i'483 144,617 175,543 161 , 85s 34,210 3o,4lS 351,236 342,893 Net demand deposits 4,050,583 3,992,146 704,3.13 195,806 4,950,702 4,889,814 3 , 630,859 3 , 566,005 649,336 654, 638 9 , 230,897 9 , 110,457 Time deposits 227*S>;*3 213,515 129,975 54,097 401,915 405,544 855,168 847,976 192,937 191,762 1 ,4 %,020 1,445,282 Government deposits 237,075 336,569 37,739 12,899 287,713 408,224 227,584 309,796 32,613 47,759 5^7,910 765,779 Ratio of combined reserve and cash to total net deposits, percent I • 1 7 .1 15.9 17 .1 l4.S 17.0 ' 15-9 14-3 13-5 — — 15*5 14.6
@FedFRASER