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RATIO OF "FLOAT" OF EACH FEDERAL RESERVE BANK TO D/MEDIATELY AVAILABLE DEPOSITS- C O N F I D E N T I A L Not for publication 1 Federal Re se r ve Bank S t .428 (in 1 1 |un co llected, Deferred 1 i tem s 1aval labi li ty » 1 i teams i * f * 1 1 thousands of d o l l a r s * ) Ju n e "FLOAT" '"F l o a t " after adding net debit 1 Ratio to 1 or deducting net credit in "immediately ■' Saturday’ s settlement 1 Jpaount ' available 1 1 Ratio to immediately * ’ deposits. 1 Amount ' available deposits ! ’ Per cent. 1 1 per cent- 43,427 10, 212 9*9 10,528 10.2 10 ,173 9-9 159,756 116,959 ^2,797 5 -1 44 ,618 5-3 39,109 4 .7 phi lade lphia 61,674 51,122 10,552 9.8 13 ,4 11 12.5 13 ,4 11 12.5 Cleveland Us,462 44,217 4,245 3*1 6,564 4.9 5,976 4.4 Ricbnond 60,073 50,900 9,173 16.7 8,512 15*5 8,456 15.4 A tlanta 33 , s 6s 23, 15s 10,710 22.6 7,9^0 16.7 7,775 16.4 Chicago 7 1,3 51 55,3^9 16,002 6.6 12,503 5 -1 9,265 3.8 St. Louis 46,052 36 , 88s 9,164 l 4 .6 8,468 13.5 8, 63s 13.8 Minneapoli s 12,633 7,723 4,910 8.9 4,562 8,2 U,3S3 7*9 Kansas City 49,947 35,134 14,813 18.3 13,900 17.2 7,034 8.7 Ds43-as 23,64s 17,515 6,133 13.7 7,053 15-7 2,959 6 .6 San Francisco 27,095 14,897 12,. 192 .. 13,2 12,850 13-9 9.239 10-0 6 4 s, 25s 497,349 150,909 8 .1 126,438 6.8 New York TOTAL DIVISION OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD JUNE 10, 1919 150,909 8*1 * 1919 ' "Float" after deducting N atio nal and F .R . * Bank notes, also net investoent in * transfers frcm second calculation * ’ Ratio to immediately * Amount ' av ailable deposits 1 ' per c e n t. 53,699 Boston 6, C O N F I D E st«.428 COMPOSITION! OF UNCOLLECTED ITEMS A1-7D DEFERRED AVAILABILITY ITEMS. IT T I A L June 6 , 1919 (in thousands of dollars*) r~ '..s x fr * UNCOLLECTED ITEMS f T T I Checks 'national Bank* 1 J 1 1Clearing » and < notes and * * A H other ^\ * ot’her'bank notes of' Transfers 'uncollected 1 - y * house ' ■ cash * other > bought ' Exchange s 1 items 1 Total 1 1 f 1 1 items ' F. R. Banks 1 t T Bank t 1 ‘ Gold ' settlement 1 Suspense DEFERRED AVAILABILITY ITEMS f t 1 1 1 Government 1 Other > ! Transfers * transit 1 transit 1 1 sold * items 1 items ' Total I 1.93S Boston 22,822 New York 125 3,250V M 35 355 - 51,281 53,699 1 5,509 - 128,175 159,756 ! 6,775 Cleveland 3 ,3 84 8 4lS Richmond 2,446 197 56 Atlanta 2,381 281 165 15,610 49,534 50,664 6 1 ,6 7 4 ! . 44,482 48,462 « » 14,432 - 57,37^ 60,073 » t I 21,872 - 3 1 , o4 i 33 , 26s I 1 2,588 - Philadelphia , 19,005 - - - - 27,377 ^3,^87 - 67,^25 116,959 4,035 28,082 51,122 1,716 28,069 44,217 1,072 27,956 50,900 6 20,564 23,158 1 170 - I 3,705 Chicago 2,495 St * Lem s - 766 25 506 4,502 200 71,351 62, 37 s 42, 826 46,052 Minneapolis 1,096 4 55 124 11,35^ 12,633 Kansas C-ity 1,009 l, 164 221 6,645 40,908 49,947 1,252 Dallas San Francisco 2,590 51.S93 Total 7 8 8 2 4 1 0 ,1 0 1 DIVISION OF REPORTS AMD STATISTICS FEDERAL RESERVE BOARD JUNE 10, I 919. 43U 261 8,746 3,670 3,355 18,666 17,504 20,865 55S,S52 23,64s • 27,095 « 1 1 f V < 1 I I « » » { > 2,050 2,016 35,^69 55,3^9 12,047 276 1,429 22,536 36,888 995 3,635 7,723 - 27,509 35,13^ - 12,714 17,515 69 11,139 1M 97 ll,33S 312,975 ^97,3^9 3,093 - 7,625 - 1 1 1 * » T 1 648,258 ct 15,814 4 ,79 1 3,684 1 7 0 ,0 9 5 10 5 2 , 9 ^ 1 F E D E R A L R E S E R V E B O A R D X-1583 GOLD SETTLEMENT FUND Samroagy of transactions for week: ending June 12 1919. (In thousands of dollars)____________ CONFIDENTIAL . Settlements from June 6 to Aggregate Aggregate T R A N S F E R S : June 1 2 , 1919 , both inclusive. Federal Balance : Gold Gold deposits and withdrawals Reserve with last deposits and trans transfers Net Total B-_nk of Net : Total statement drawals fers to Agent’ s from Agent1 s Credits Credits Debits June 5,1919, Debits Credit Debit fund fund 91,764 Boston 35,022 1,000 1,000 7,015 95,350 3 ,5 85 319,229 New York 194,861 10 1 , 1*20; 10 9,713 3 2 8 ,9 4 2 109,124 Philadelphia 38,147 13.000 20,270 18,970 1 2 8 ,0 9 4 11,000 20,270 2,451 Cleveland 56,608 86,789 10.000 3,000 84,338 710 3,000 710 19*595 572 23,275 127,219 Richmond 302 302 25,000 25,000 127,791 50 50 Atlanta 3,803 34,091 30,288 3 ,0 0 8 8 , 2 -13 11 1,000 11 3 ,0 0 8 146,168 1 4 ,8 8 7 Chicago 112,219 131,281 29,500 2 0 ,8 8 0 10,655 18,576 10,655 St.Lo u is 8 1 ,2 0 4 91,827 10,623 2,023 i6,39S 2,023 388 388 5 ,1 1 4 21,172 Minneapolis 25,839 10,000 1 0 ,0 4 0 50 20,725 500 50 Kansas City 52,75S 1,347 54.405 20 20 35,530 69 69 C ,7 iS 2 6 ,1 3 4 Dallas 25,417 11,500 14 13,616 14 717 9 9 3 3 ,2 3 4 SanFrancisco 3S*645_ 1 . 000 _Zjl280_ _23.i5i9 JL-Qpo. 574,082 Total 3 8 ,8 4 9 3 ,7 4 0 100,131 100,131 36,120 45,129 38,797 1,145,978 1,145,978 38,797 1* - ’ Federal Reserve Agent at Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St.Louis Minneapolis Kansas City Dallas SanFranci sco TOTAL F E D E R A L R E S E RVE Balance Withdrawals Gold la s t Gold for transfers w ith to statement deposits Bank* June 5 .1 9 1 9 drawals — 4 5 ,0 0 0 5 ,0 0 0 9 0 ,0 0 0 — — — — 5 0 ,3 8 9 — — — — --- > 1 0 0 ,0 0 0 *:• 3 1 , 0 0 0 :; 4 5 ,0 0 0 ;:2 4 2 ,6 6 4 :: 5 6 ,4 3 1 :; 2 4 ,3 0 0 :: 2 7 ,3 6 0 ;: 2 ,1 8 4 ::1 04,809 2 ,0 0 0 2 ,0 0 0 1 0 ,0 0 0 2 ,0 0 0 2 ,0 0 0 2 ,0 0 0 1 ,0 0 0 :819,137 2$,000 A G E N T S 1 F U N D Deposits 1f Total Total through w ith deposits transfers drawals from Bank: 5 ,0 0 0 — — . 1 1 ,0 0 0 — 1 1 ,0 0 0 ™ - w • 2 ,0 0 0 — — — — 2 0 ,8 8 0 _ — — : — — 500 500 — --- 500 — — 6 ,2 8 0 6 ,2 8 0 — — 32,380 2 ,0 0 0 1 0 ,0 0 0 2 ,0 0 0 2 ,0 0 0 2 ,0 0 0 1 ,0 0 0 6 ,2 8 0 32,280 — — 2 0 ,8 8 0 6 1 ,3 8 9 1 0 0 ,0 0 0 2 9 ,0 0 0 4 3 ,0 0 0 2 5 3 ,5 4 4 572 2,803 3,963 10,623 5,154 1,347 5 4 ,4 3 1 500 2 2 ,8 0 0 2 5 ,3 6 0 1 ,6 8 4 500 — — 32,880 . . . 3 8 k 5 2 9 . ...... 819,737 39,^51 183,718 41,447 47,174 23,595 14,013 105,957 28,656 25,876 37,326 5,890 _^assL 583,091 Summary of changes in ownership of gold by banks through transfe rs and settlements*_____________ _ Increase 3 ,4 2 9 9 0 ,0 0 0 --- — Balance a t close of business June 12 ,191 9 4 0 ,0 0 0 Balance in fund at close of business June 1 2 ,1 9 1 9 27,891 27,891 STATEMENT FOR THE PRESS. -4) I Released for p ub lic a tio n Sunday morning, June 15 , 1319 > Not e a r lie r . F e d e r a l R e se rv e Board. June l4, 1919 • FEDERAL RESERVE BANK ST‘ArnELSINT, Su b s ta n tia l in c re a se s in even la r g e r i n c r e a s e s w eek ly bank in the volum e of w ar p a p e r a n d a c c e p t a n c e s c a r r i e d an d Governm ent d e p o s i t s a re sta t e m e n t i s s u e d as a t c lo s e F e d e r a l R e se rv e n o t e s f o r gold, shown by the of b u s i n e s s on Ju n e ap p arently f o r export, F e d e r a l R e se rv e B o a r d 's 1 3 , 1913* accounts fo r E xc h a n g e o f a net d e clin e of 7 *3 m i l l i o n s i n g o l d r e s e r v e s . TJar p a p e r on h a n d w ent u p 7 ^ * 6 m i l l i o n s , m illio n s. A c c e p t a n c e s on h a n d show a n in c r e a s e p a p e r h o l d i n g s i n c l u d e s a n amount o f banks, w h il e the total held o w in g la rg e ly the w e ek b e f o r e an i n c r e a s e f o r Government fo re* d e p o sits d e p o s it 80>1 w h ile the a n d the 52*7 P e r c e n t. o ff in c lu s iv e 2}* 1 m i l l i o n s * bought Treasury cer tem porary c e r t i f i c a t e s T o ta l e a rn in g a ss e ts show m illio n s * " f l o a t " w as 5 8 - 2 m i l l i o n s the w e e k l y as t o t a l o f war o f 2 6 ,2 m i l l i o n s the T r e a s u r y o f no te d e p o sits o f 8 .3 m i l l i o n s of de th an the w e ek be c ir c u la t io n of t o t a l s r e p o r t e d d u r in g the co m b in e d r e s u l t decrease larger r e se rv e F e d e r a l R e s e r v e no bes i n the r e p o r t e d t o t a l F .R * reserve percentage from 53 *7 to fell The l a t t e r 1s e n d o r s e m e n t . show a g a i n o f 8 2 . 7 m i l l i o n s . 13 «8 m i l l i o n s , liab ilities the d e c lin ed 7*5 d i s c o u n t e d f o r 3 F e d e r a l R ese rv e show a g a i n of 2 1 9 « 2 m i l l i o n s , m e m b e r s ' m i l l i o n s b e i n g b e l o w an y of The b a n k s ' m illio n s to the re d e m p tio n by the w e e k o f Net d e p o s its t io n d e c l i n e d b a n k s w it h o u t by 5 banks, clin ed 7 1* 5 m illio n s , 115*3 oth e r d i s c o u n t s o f 3 6 «2 m i l l i o n s * of a c c e p t a n c e s on h a n d i s from oth e r F e d e r a l R e se rv e tific a te s, w h ile the p a s t circu la 2^+99 *3 th ree m o n th s . the m e n t io n e d in c r e a s e in cash reserves in shows a d e c l in e Released for publication Sunday morning June 15, 1919; nct earlier. _ ^t. STATBfflT OF COMBINED RESOURCES AND LIABILITIES OF THE THELVE FEDERAL RESERVE BANICS AT CLOSE OF BUSINESS JUNE 13, 1919* R E S O U R C E S June 15. 1919 J u n e b , ,1.913 J H n e J L 4 i ._12.18 Gold coin and certificates $355,211,000 $35^+,969 >000 $j+32 ,557 ,000 Gold Settlement Ftod - F . R . Board 582 , 675 ,000 521,0^5,000 hkn-knnn ________ -r ____ _____ -=._____ Gold with foreign agencies Total gold held by banks 93S,^S"6,000 93° , 0 ^ , 0 0 0 j , -5■ » Gold with Federal Reserve Agents 1 ,1 1 7 ,9 7 0 ,0 0 0 1 ,1 3 9 ,5 0 3 ,0 0 0 9 5 1 ,1 4 ^ 0 0 Gold Redemption Fund 137 ,^-12,000 .. 1^6 .,.272^000 Total gold reserves 2,193 ,s 7"+ ,°00 c:,<:Cl ,o0 . ,000 ^ ’xCrV nn -6o'_53^i222. Legal tender notes, silver, etc. 6 S ,llU ,000 Total reserves 2,261,9.32,000 2 ,2 7 0 ,3 4 3 ,0 0 0 2 , 0 0 5 ^ 5 ,000 (Secured by Govt, war obligations 1 , 695 >576,000 1,620,99^*000 ? '° B ills discounted ( A n other 1 S 2 ,592,000 190,130,000 3b2 ,lo S ,0 00 B ills bought in open market 23’4 ,5 3 7 ,0 0 0 Total M U s on hand .---- ----2 ,1 1 2 , 71 1 ,000 TJ. S. Government bonds 2 7 ,1 3 0 ,0 0 0 U. S. Victory notes 333,000 U. S. Certificates of indebtedness 20U,U05,000 ..... ,, . . A ll other earning assets _____— ________ _ Total earning assets 2 ,3 ^ ,5 7 9 7 0 0 0 Bank premises 1 0 ,9 2 6 ,0 0 0 Uncollected items and other dedactions from gross deposits 235*362,000 Jfo Redemption Fond against P . R* bank notes S , 399?000 i l l other resources 1 0 ,33 2 ?OQO TOTAL RESOURCES 5 ,4 7 2 ,14 6 ,0 0 0 L I A B I L I T I E S Capital paid in Surplus Government deposits Due to members - Reserve account Deferred availability items Other deposits, inc lading foreign government credits Total gross deposits . F. R* notes in actual circulation E* R. banknotes in circulation - net liability All other lia bilities TOTAL LIABILITIES Ratio of total reserves to net deposit and E. R- note lia bilities combined * Ratio of gold reserves to F . R- notes in circulation after setting aside 3 5^ against "net deposit liabilities 2 2 ,6 7^,000 4*9 ,466,000 2^5,245,000 1 ,633*523>000 623,739)000 127,5^5,000 ‘ 2 ,6 3 0 ,1 3 2 ,0 0 0 2,499> 265 ,000 170,937*000 . 3 9 , 67 2 ,000 5 ,4 7 2,1 4 6 ,0 0 0 52-7^ 6 5 .4^ 1 9 S ,307 >000, — J9~3 2 ,0 0 9 , ^ 1 , 0 0 0 2 7 ,1 2 9 ,0 0 0 UO , 603 ,000 333,000 -2 2 7,55 3 ,0 0 0 3 3 ,1 7 9 , 0 ____________________ R0I4 000 ____ ____________ _______ 2 , 26^ 7 ^ 0*000 1 ,3 3 3 7 ^ 1 0 , ‘00 1 0 ,9 36 ,0 0 0 6 50,757>000 5^0 ,303 >000 2,SbS,000 735*000 10 ,0 42 ,0 0 0 _______ _____“ — ;— 5 ,2 1 5,^42,00 0 3 ,2 ^ 9 ,7 1 1 ,0 0 0 £2,652,000 75,7 11 ,0 0 0 *+9,*4b6,000 1 , 134,000 26 ,052,0 00 1 5 5 >532,000 1,7 0 5 ,10 4 ,0 0 0 1,555>^3^>000 ^97,3^9>000 2 b 4 ,827,000 13^,364,000 123 >22l ,00Q_ 2 ,3 6 2 ,2 7 5 ,0 0 0 2 ,0 9 9 ,0 7 ^ 0 0 0 2 ,5 1 3 ,0 3 7 ,0 0 0 1 ,6 5 1 ,5 0 0 ,0 0 0 169,246,000 1 0 ,0 0 1 ,0 0 0 32 >l66,000 1 2 , 2 91,000 5,2157542,000 3 ,2 4 9 ,7 1 1 ,0 0 0 c 53 *7/<> 61*9/^ 66 .jfo ^Includes one-year Treasury notes 431a Released for publication Sunday morning June 15, 1919, not e arlier. WEEKLY STATEMENT OF EE SOURCES M W LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUKE 13, R E S O U R C E S (in thousands of dollars.) Boston New York phi la- clevel* Blclm* A^la^a* Chicago 260,047 3 ,H 6 562 30,901 2 ,117 7,951 23, 13? 52,07 7 56,524 24.844 13,861 100,321 16 8 , 200 42 ,006 422,247 2 fc, 9 bl 2 1 ,8'12 ? 5 , 122 123,455 52,639 87,425 284,281 71.18 1 126,171 31,012 47,647 258,341 51,135 5,165 *00 2 .^36 1 1 , 5': 9 -•, 17tm, v.y 19 >539 . ?’! 11,957 7 4 ,C 2 ?b3,523 ?j-i,499 li:U9S~ 737,35? 135,777 215,832 51,808 405 1.531 . 1,14/ 27? 939 7,059 789,165 1367051 S'lFjTl £97933 75,955 Tl2jl4b 122,255 Gold coin and certificates--Gold settlement Fund - E.R.Board Total gold held by ban k s --Go]d with federal Reserve Agents Gold Redemption F u n d ---- --Total gold reserves ------Legal tender notes, silver, etc. Total reserves---------Bills discounted; Scoured by Government war ob li gati on s (a )--------- 1U5 ,205 4,869 A-ll other ------------ -Bill.' bcught in open market (b)- 1S.SU2 Total bills on hand ------- lbS,9ib U, S» Goverment bonds-----539 30 U. S, Victory n o t e s -------U.S.certificates of indebtedness 16,916 Total earning assets ------ 126,401 goo Uncollected iteras and other deductions from gross deposits s i , 50s % Redemption fund against F.R- bank n o t e s --------842 388 All other resources------ -- 630,112 191,277 128,601 82,852 b , 0?5 11,587 30 ,644 1?,3.89 71 nop 26 , 91 ? 6 ,Sbl 969 1■ *j J .y 161,560 10 1,?00 732,74s 266.635 1,302 50 1,385 — 1,084 - 66,276 20,685 17,026 800,376 228,765 179,670 500 875 3.782 73,122 192,979 Total Rans-Cy . xjalla.s San Fran 8,512 355,811 7,278 75 6,076 36.901 ;;u— ^Z2-M§~ 938,48b 3^,976" 13 33?- 39,258 27,255 1 ~>, 810 110,390 1,117,970 137,418 lU 34^ 2 , 17 2 3 . 02J 78,577 32,185 151,830 2 ,1 9 3 ,8 /? 2,006 bSj 11 ? 20? 20b I 52 , 034 2,261,983 7S,7?3 62,903 ?7,03S 10,436 3,947 4,108 8-753 77,447” 59 . 73S 116 1,153 ■ 2?6 48,116 3?,l42 9,520 69,620 s6 ,o?s 57,731 16,062 464 502 387 1,136 1.362 570 ?76 322 r.02 62,7?9 76,885 1,73? ?■ 807 1,025 Q77 803 1.402 10 82 , 2o8 8,867 6,883 98, 01s 4oi - ?3,3?o 79.7S? St-423b St .Louis Minn. 3 , 7 Sb 8,332 26.712 2?, 397 307493 32,729 56,528 38.213 7,381 5,520 92,5-0 78,323 2,647 88 95,193 ~ l ^ i i 13,125 lb ,57? 6,3?5 34 , 236 92,592 243,789 ?,?76 376 1,23? — 7 6,260 .. 10,599 22,612 16,182 108,894 103,574 270,877 ~9?77£2 218 2,936 . 5?1 312 199,236 19 x9 65,813 25,5?7 67,824 1,695,576 12,003 182,^98 24,837 ’ 6?9 5?,758 234., 537 51,033 134,585 2 , l l 2 , 7 H 3,966 27,130 2,632 — 333 6 , 0?6 204_,?0_5_ 5,400 60,399 143,263 2 ,3 * 4,579 10,986 400 221 30,737 714 252 ......395.. 379 JL5.5 35,?19 ?08 629 _ 835,362 8,899 1QJ>32_ TOTAL RESOURCES--------- 392 , 79? 1 , 797,100 447,042 462,270 256,990 223,976 775,005 249,293 164,667 244,124 126,732 332,153 5 ,? 72 , i ?6 M E K[ 0 R A N D A (a) includes bills discounted for other E m b a n k s , viz.(b) includes bankers' accept ances bought from other F. R, banks Tffith their endorsement— Without their endorsement - - - — — — - - 15,000 — - - - 58 , 1?2 1?, 800 _ — - - - - - - - - - - - - 27,960 — - 26,211 115,902 - 2 6,211 -Released for -publication Sunday morning, ..June 15, 1919; St earlie r VJEEKLY STATE.1STT OF HESOUHCES AITD LIABILITIES OF TIHS FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUIic, 13, * A 3 ’ J"~ ~• . (jn thousands of dollars.) B o s to n C a p i t a l p a i d - i n -------------- .6 ,8 7 7 S u r p l u s ------------ --------Governm ent d e p o s i t s ---------- 2 ,9 9 6 3 0 ,9 7 S Due to m em bers - R e s e r v e a c c o u n t 1 0 0 ,7 3 5 D e f e r r e d a v a i l a b i l i t y i t e m s --- 5 9 ,0 9 2 A l l o t h e r d e p o s i t s ----------353 T o t a l g r o s s d e p o s i t s ------- 1 9 1 , 1 5 3 F * R . n o t e s i n a c t u a l c i r c u l a t io n - 1 7 2 , 6 3 2 F .R . bank no tes in c irc u la tio n - net l i a b i l i t y -------------- A l l other 1 6 ,1 9 0 l i a b i l i t i e s -------- — =jl9--- TOTAL L IA B IL IT IE S --------- 39 2,79 ^ 21,117 22,642 676,417 156,252 114,188 "969,499 73.6,288 7,633 2,608 43,890 94,231 71,049 1,012 210,242 203,710 L I Clevel. 9,232 3,552 23,743 123,645 53,3^9 _____705 213,44; 213,442 2 17 ,93> 34,490 14,3 22 19,564 3 ,285 15,324 2 ,736 Hew Y o rk 21,384 _______ ^ p h ila . f >J A B I L I T I E s gan F r a n Rician • A t l a n t a Chic ago S t . L o u i s « M i n n . K a n s . C y • D a l l a s 4,209 2,196 15,035 52,321 62,346 106 129,808 112,964 y ' - ' - ' j _______ t w w 5,376 1,937 3,247 1,510 24,299 44,088 24,572 ___ 155 937m 115 , 12s 11,446 6,4i6 M 57 234,902 69,727 2,092 311,673' 418,271 3,867 1,603 3,006 1,415 7,73^ 24,332 53,039 48,348 40 , 653. 12,811 S 78 765 124,352 70,253 103,159 32,975 3,761 2,421 17,422 69,651 39,164 1,062 127,299 95,993 9 , 45 s ’ 23,202 1 ,5 1 9 ^ 1 4 ,3 4 1 3 ,3 8 3 . 12,488 3.1992 1 .3 7 1 1,1 3 0 2 ,1 6 2 ^ ’ ---------------------------HJ L- J ------------------— 1------- ------------------------------- -— — To tal 82,67.4 4,774 3,238 49,466 2,448 1,184 245,245 13 ,844 10,369 40,57*+ 82,322 1,633,533 623,739 13,597 2 1 , 6,172 127,565 ___ 7L 687092 120,590 27530,132 ^5,517 194,634 2 , 499,265 2 2 7 7,290 l.4 il 6,331 2 , Si 6 170,937 39,672 --------------------------- 1 , 737,100 447,042 462,270 256,990 223,976 775,005 249,293 164,667 244,124 126,732 332,153 5 ,^ 72 , l46 M E 1/1 0 R A N D A C o n t in g e n t l i a b i l i t y as endorser D isc o u n te d paper on - re d isc o u n ted other F. R. 115,902 29,536 50,000 36,366 w i t h o t h e r F»- R» b a n k s ---B a n k e r s ' a c c e p t a n c e s s o l d to b a n k s -------- FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F. 7 , 270 827,811 216,888 230,719 i t f j i 4 120,953 450,036 116,603 91,523 13,173 12,7 85 3,750 5,330 31,765 13,444 35,379 102,231 2, 4p4 6,233 47,039 215,615 2 , 709 ,395 . 1 , 522— 20^921--Z*.0 ,§}_0_ 1 7 2 ,6 3 2 736,288 203,710 217,934 112,964 115,128 418,271 103,159 32,97 5 ^ 5,517 194,694 2 , 499,265 R , n o t e s o u t s t a n d i n g -------1 7 9 > 9 0 2 F. R. notes h e ld by b a n k ---- F .R .n o t e s i n a c t u a l c ir c u la t io n 95,993 DISTRIBUTION OF BILLS AND U .S . CERTIFICATES OF INDEBTEDNESS BY MATURITIES. YJithin 15 B i l l s d i s c o u n t e d --------- ---B i l l s b o u g h t .i n o p en m a r k e t ---- U*S* certificates of indebtedness days 1,577,715 61,213 30,235 lo to 30 days 42,424 48,315 162 31 to 60 156,588 32,965 632 days 6 l to 90 days 75A37 42,044 11,130 Over 90 days Total 26,310 1,878,174 162,246 234,537 204,405 Released for p ublication Sunday morning June 15, 1919! not e a r lie r . S t .43 Id STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS JUNE 13, 1919- (in thousands of dollars.) Boston New york phi la. Clevel. Richm. Atlanta Chicago St*Louis Minn. Kans.CyDallas San Fran. Total FEDERAL RESERVE NOTES: Received from Comptroller -------- 317,800 1,580,880 390,980 356,100 224,120 229,600 619,680 200,7^0 132,880 167,300 103,560 2*2,020 4,605,660 Returned to comptroller ----------- 110,278 612,069 146,812 92,261 78,74s 50,933 139,284 64,977 32,961 51,069 32,951 6o.4o5 1,4 72 ,74 s Chargeable to f.R . A gen t--- 207,522 968,811 244,168 263,839 145,372 178,657 580,396 135,763 99,919 116,231 70.609 221,T i 5 3,13.2,912 in hands of f* r. A gent----- 27,620 Issued to F. R. bank less amount returned to F. R. Agent for redemption------------- 179,902 i4 i,o o o 27,280 33,120 28,658 57,709 30,360 19,160 827,811 216,888 230J 19 Il6,7i4 120,958 450,036 li 6 , 6o3 i4,54o i4,ooo 85,379 102,231 23,570 6,000 423,017 47,039 215,615 2 , 709,895 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and ce rtific ate s on h a n d -----------------Gold redemption f u n d ---- --Gold settlement Fund - F. R. B o a r d ------------------E l i g ib l e paper, minimum req uired T o t a l ----------------- - 183,740 11,135 10,54l l 4 , 125 12,046 2,018 90,000 56,389 100,000 543,530 l45,707 104.548 29,000 128,767 179,902 827,811 216,888 230,719 ll6,7i4 120,958 450,036 li6,6o3 40,000 AMOUNT OF ELIGIBLE PAPER DELIVERED to F. R. AGENT--- 168,916 14,792 732 ,748 154,213 160,109 85,696 93,837 4,797 . . 43,000 253,544 7 3 ,3 1 1 1 9 1 ,6 9 5 2,500 2,14? 7 9 ,5 6 8 .^ 3 ,5 5 5 4,098 . 13,052 g ,3 6l 1,895 52,430 22,800 47,166 74,976 1,684 97,543 811,750 11,229 105,225 1,591,925 85,379 102,231 47,039 215,615 2 , 709,895 60,075 68,600 5 1 , l4o 25,360 82,268 11,581 2,545 12,847 224,998 81,222 51,033 115 , 2 1 6 2 , 001,203 * « ^ « * S t . H 32 ST A T M F N 'I FOB TT^ P H 3 SS, Re l e a s e d .'f o r p u b l i c a t i o n Monday m orn ing * n o t e a rlie rv Ja n e F e d e r a l Reserve Board lb , 1919> * * June 1 ', 19 ly* CONDITION OF ^PiOFR BC3.3 L a rg e in v e s t m e n t s i n v i c t o r y n o t e s , ac co m p an ied by lik e in cre ase s governm ent d e p o s i t s are d i t i o n on Jun e 6 For i n w ar p a p e r , in d icate d in time 11 d i s t r i c t s s e n t s in v e s t m e n t s fo r g iv e n a s fo r all bers* the w e e k in r e p o rtin g banks and a War p a p e r on h a n d w e n t up shown f o r in lo a n s a n d in v e s t m e n t s o th e r v i z ., S* of For d e c lin e 2.6*1 total for the New Y o r k C i t y b a n k s . share of con se g re a l l re p o rtin g the N e w Y o r k C i t y b a n k s C e rtific a tes of Of is as an in c re a se nearly a il the larg ely the o f in d e b t e d n e s s the 29b .*6 m i l l i o n s * m i l l i o n s fo r ? 2 > 9 m illio n s, the state m e n t of over o n e - h a lf o f w h i c h a p p a r e n t l y r e p r e se cu rity h o ld in g s decrease in cre a se the an d 2 2 5 -3 m i l l i o n s , / U * S> b o n d s , total u . c e rtific a te s, se cu re p r a c t i c a l l y co m plete l6 l*9 m illio n s? s e g r e g a t i o n of V i c t o r y n o t e s - a n a p p a r e n t ch ange f o r to the w e e k u n d e r r e v i e w , the w e e k o f Treasury h e avy g a i n s a n d c o n c e n t r a t i o n of se cu ritie s, b e in g 4 3 3 ,6 m i l l i o n s , d u r in g fo r cities. the 'B o a r d h as been, a b l e h o ld in g s of v ic t o r y n o te s are show a d e c l i n e also le a d in g g a t i o n of V i c t o r y n o t e s from o t h e r y H g„ banks in in exchange the F e d e r a l R e s e r v e B o a r d * s c f 76 9 member b a n k s i n the f i r s t p artly ?ne n e t 01 7 the T~ew r e s u l t of m illio n s Y o r k qi oy mcm- of w h i c h r e p r e s e n t s tonal in c re a se the of 9 3 * 9 m iil.* ons the New Y o r k C i t y b i n k s i s m uc h sm a lle r , 27 *9 m i l .l i o n s . A g g re g a te h o ld in g s to U 019 *2 m i l l i o n s rep o rtin g banks, sc rib e rs, also in th is 25*8 the d e c r e a s e cline. Reserve for Per cent of f u n d s the w e e k b e f o r e # to } 0 *6 per th us ce n t declined is the New Y~Ti£ C it y sh o w n . the r e fe r re ce iv e d , go vern m ent £* 03 ->2 m i l l i o n s , city b a n s 3 » g a in of For an d paynont re p o rtin g b a rk s a n d / 3 3 1 0 the New Y o r k larg er i n c r e a s e d from 3 7 ^ 7 * 2 2 o <9 P e r c e n t of the lo a n s a n d in v e s t m e n t s of a l l b a l a n c e s w i bh tne F e d e r a l R e s e r v e a n d c a s h on h a n d a n e v e n fo r a ll dem and d e p o s i t s resents s e c u r i t i e s a n d War p a p e r of V i c t o r y n o t e s the c o n c e n t r a t i o n Net w ar r a t i o from 2 3 * 3 the a l l o t m e n t in c r e a s e s of 6 U 0 m i l l i o n s banks a lo n e * S. and c o n st it u t e as ag a in st banks an in cre ase F o l l o w in g of T J« m illio n s by la r g e d e p o s it s for sub show the N ew Y ork of w h ic o 4 2 , U m i l l i o n s re p Time depcsi ts shew a n o m in a l de banks 2^*2 m i l l i o n s . snow a gam of 1? m ilx .„o n s Released for publication Monday morning June l6, 1919; n°t earlier. r T-n -m n 'R/'Trrs T,nCATED STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY IT M S OF MEMBER BANKS IN LEADING C ITIE S, Il^WD^GifflMB- B B IN FEDERAL RESERVE BANK CITIES AND IN FEDERAL RESERVE BRANCH CITIES, AS AT CLOSE OF BUSIrffiSo JUiMi, , j J' A iV -i- jL.JjL/J-'-l-'-i-AJ-i J-L 0 1 u .. ~ ^ -----------v 1. Data for all reporting banks in each district. (In thousands 01 dollars,)..... ...._-------- — --- • tvi 1 Tn®- San FranTntal -- ---- --- -------- * -- Atlanta Chicago St.Louis Mum- Kans.Cy. Dallas San Iran No* reporting banks--------U-S.bonds to secure circulation 45 1 4 ,30S 107 49,420 56 11,597 82 41,373 82 25,570 47 1 5 ,6 1 5 101 20,113 3 1 7 ,050 r^-c7 6,cS7 ?Uo 1 4 ,2 IS ^24 ,3. 34 591 3,5^ o ^ 2 6 9,15 4 Other U .S . bonds including . , ^ Jt,p -zlm 20 473 36,309 # 646,259 Liberty bonds------------ 1 6 ,3 9 ° 291,242 32 ,232 65,313 4l,o7o ^ 9 ,9 °2 53, 53 oo’ rrn c ’ 7?0 ^ -- * 5 '2 6 2 12 ,13 0 #432,589 u . S. Victory notes-- -----l l ,l 4 7 1 9 7 ,5°3 3 ° ,° 2 6 55,455 17,^97 ^ , 4 o 6 ppr’I^o Uo'oOR 42 244 37*942 79.-992 1 , 514,342 U .S.certificates of indebtedness 88,962 589,230 95,167 12 6 ,3 17 73, U S 64,4^1 22 o , > ^ 5 \c’ pp-z 04*236 82 C01 163,022 2 , 060 ,344 Total U . S. securities------ 1 3 0 ,S07 1 ,1 2 7 ,460 169,622 2 2 8 , ^ 8 158,664 12 2,4l4 3 ^ ,6 5 3 1 0 6 ,1 2 / 56,223 g . g g ^ 1 > 2D 56 * Loans secured by U.S.bonds .etc . 94,333 778,026 1/4 125 111,464 4 3 ,9 /4 26,722 1 0 1 ,9 ^ p-^’ ooi 4 r o , ^22 12^*037 5 3 ^ , ^ 9 1 0 ,6 ^ 5 ,5 2 4 All other loans and investments 81 7 ,227 4,21 8,21 2 673,607 1 ,0 ^ 1 0 1 3 S_5 >3bl 303, S06 1 ,4 4 0 ,6 6 6 38 6 2 1 , 2 ;o .,g l 4 | ; ,S S lo 5,03. Reserve balances with F.R.Bank / l , 5 2i+ 602,053 6 7,717 9°,-<77 33,^<-7 3 ° ,° 7 8 Cash in vault -----------24,521 1 2 4 ,724 19,34-0 35,79.1 1 ? ,92.7 i4,c4o Net demand deposits--- — --- 7 l M j S k H , 399,511 6^ 9,250 724,0^4- 309,^85 2^S J.og Time, t o o s i t a------------------------- 103,181 2S0.6JT 20 ,S01 201; ,063 SO,17* 11J , 3/9 Government deposits-------- l l l . T O >167.938 98.357 rtt».8g7 »6.390 2. 1 5 3 ,o « ‘6<S0 35*567 O,bp0 1 5 , * / ^ r S ^ O I 72*5^* 6 , ,003 ^ 5 ,^ 2 >jo.63g_____ fa S , ? # 9 7 ,9 ^ jo .jO l 72,5-+ 9 362 f t .*?? kk6> J --- ------------ Data for banks in Federal Reserve bank cities, Federal Reserve branch cities, and other repor ing ^ nvKPr renort— New York Chicago All F.R.bar,k cities F.R.branch oitxes All other^repor - -29- June ('2— May 29 --- May June 6- June 6— -May 29 253 254 June 6— May 29 161 162 21 ,4 20 360,263 10 ,3 7 3 ,640 2 S >gol 136^600 1 , 727,163 “ ' ° ° ^ 7 ’ 2> +s i i g i 222 ^ Total Total j£ fe 5— May 29 355 356 b' 709 ^ / 3 77- 44 44 64 No* reporting banks--TJ.S-bonds to secure 103,657 103,620 57,290 56,629 108,207 102,069 2o9,154 26o,37S 39,062 1,370 . 1,369 circulation-------39,095 Other U.S.bonds including 472,647 #117,509 155,232 # 6 2 ,157 219,065 #646,259 852,944 293,129 22,311 49,291 #566,593 25^ 655 Liberty bonds-----jL p £ 0 . ~ * 4Q5.U-20 — * $73*65*6 " i! __ * __* 161,944 U-S-Victory notes----32,520 309*020 307,924 249,005 294,967 1 , 5 14 , 3.42 1 ,7 3 9 ,5 8 2 671,640 122,957 125,911 7rg 5 5 ’s+57 1 136,691 U*S *cer t .of indebtedness 532,103 L, 695’ , 230 l J i g ’oiS 520,099 519,785 593,015 622,101 2 ,2 6 2 ,3 4 4 2 ,ou 987,764 1 , 003,s64 125 , 15 s 1 7 7 ,17 1 Total U .S . securities— — Loans secured by U*S* 926,347 133,264 131,50 7 140,625 136,262 1 , 420,562 1 , 194,722 527,321 74,950 71,466 L,146,679 bonds,etc--------729,365 All other loans and investments-------- 3 , 761,256 3,734,012 227,760 297,019 ?,042,730 6 , 962,371 1 , 622,089 1 ,621,075 1 , 990,645 1 , 972,158 1 0 , 655,524 1 0 , 561,604 Reserve balances with 969,326 958,408 161,300 159,057 173,060 168,426 1 , 303,626 1 , 285,891 621,952 F . E - bank-------6 i 6,953 113,957 116,742 60,967 55,505 37,231 . 91,127 _ 368,«63 _ ^44,662 100,537 4 o ,o n 32 ,426 102,102 Cash in vault-------Net demand deposits--- 4,451,960 4 , 500,413 230,922 235,025 220,080 164,762 164,294 Time deposits— -- --215,815 421,475 89,570 92,494 39,902 Government deioo sit s--Eatio of U*S*war securities and war paper to total loans n r 2 7.7 26.4 28.1 26.2 23 .O 23.2 26.9 25-9 22.5 . 21.6 22 .3 and investments, per cent J>u *o ♦Separate figures not available# Subject to correction. WEEKLY REPORT SHOWING GOLD RECEIPTS AND DISBURSEMENTS OF EACH FEDERAL RESERVE BANK LURING Y3EK ENDING MAY 16, 19IS* C O N F I D E N T I A L Not for publication (F ig u r e s do n o t _inqlu.de __________________________________( i n g o l d r e c e i v e d from th o u s a n d s o f do llars; or p a i d to a n o t h e r F e d e r a l R e s e r v e B a n k .) i ^ e ^ > QOG o m i t t e d * )____________________________________________ R E C E I P T S in exchange T 1 — Boston Governm ent I From * 1 m em bers g46 78 N ow Y o r k r y Other banks 13 M in n e a p o lis gg~“ kl 2 79 5 9 3 34 2S7 D allas 2,093 _ ____ To t a l 3^tr 1 LL S, G overnm ent * * 1 G e n e r a l A c c o u n t 1 Member b a n k s * 270 5 309 19 1,652 3,110 U33 3,543 936 351 ■ 90 62 1 , 02b 115 28 228 17^55 1,655 300 185 20 59 I 34 2^J&o' T 109 212 U5 1,806 563 530 1,633 9,935 9,995 I * A H Total 275 309 1,915 775 575 - 125 7 112 2,096 17 16 18 24 3 24 C ity San F r a n c i s c o Total f o r s£stem_ * 1i n d i v i d u a l s , e tc * t 16 12 7 5 2 , 0S0 At l a n t a C h ic a g o St * L o u i s 1_________ C r e d i t s to d e p o s i t a c c o u n t s__________ IT Notes 5 33 p h i lade l p h i a C le u e l a n d R i ohmond Kansas for F , U13 Us 819 11,650 other1 N. S. Total re c e ip ts T - 609 1,046 1,480 — — - 1,922 887 575 3,748 3,582 1,042 U53 32U 51 22 *22 — 860 7 ] CO,-? _ 15,533_ __ D I S B IT R'*S E M E N T S in T To U . S. ex c h a nge f o r F To 1 Otter government * m em bers 13 73 791 2,321 B oston N ow Y o r k p h i lade l p h i a C lev e la n d R ic h m o n d At lan ta C h ic a g o S t , Loui s M irm e ap o l i s K a n s a s C it y D allas San F r a n c i s c o To t a l E xcess re ce ip ts E x c e s s p a y m e n ts _____ D e b i t s b a n &s i n d i v i d u a l s .e t c -* 982 2,3S1 2b^ __ 1 ^ 9 5 5 . - DIVISION OF EFFORTS AND STATISTICS, FEDERAL RESERVE BOARD, jQ v e m u e n t Juno l6 . 1 9 1 9 ' dep o s i t 1 T Mem ber b a n k s * All o t h e r If* S. Total 1 - 5 10 5 323 5 10 5 323 - 500 195 - 28 28 20 25 397 25 397 11,253 1,296 258 9,995 - — Uos 122 50 - 7S 3 ,l W 6*59^ I a c c o u n t s _________ 1 101 95 50 95 50 75 to I 187 101 ^ ^^99 To t a l Q 139 3 ,11 5 791 982 727 2,666 445 727 2,666 445 187 “57992' IT 1 - - 199 199 * To oal r D i so u rse m e n ts i4o 3,524 913 1,032 732 2,676 950 705 101 95 9S . 103 11,069 4,464 C O N F I D E N T I A L Hot for publication st.U.36 WEEKLY REPORT SHOWING GOLD RECEIPTS AMD DISBURSEMENTS OF EACH FEDERAL RESERVE BANK DURING WEEK ENDING MAY 23, 1919(Figures do not include gold received from or paid to another Federal Reserve Bank.) ______________________ (in thousands of dollars; i.e.., 000 omitted.)_______________________ R E C E I P T S In exchange for f . r » Credits to deposit accounts ' From U. S. ' From Other banks 1 Total receipts 1 U. S. Government' All other * Government « members *individuals, etc.« Total »General account* Member banks 1 Total ___ N.S. ------------- 27^Bo ston 89 w 2 367 101 12k New York 23 10,000 1,012 10,3^3 l i.*79 32 5 2C 2U3 Philadelphia 206 37 U 2 98 1U0 Cleveland 610 365 105 Richmond 55 55 55 670 27 Atlanta 697 62 23 '3 9 759 6 Chicago 7 13 387 387 U09 12 3 St. Louis 9 121 121 138 2 Minneapolis 3 5 71 80 71 1 22 Kansas City 6b 23 6s — 5 Dallas 5 m 59 59 50 — 2 San Francisco 2 223 253 277 --- ........... ...... , i,5f 310 1,^73 U93 Total for system olO 10,023 ' ....ix;9&2"" 1,939 i , i 37 1 D I SBUR SEMENT S 1 » t In exchange for E* R« * Debits to deposit accounts 1 To U. S. t TO ! 1 1 ■ "* Other banks * Total * U. S* All other ' t Government-* members Undivi duals, e tc* * Total r Government * Member banks ' Total * N. S. * Di sbur seiaents — — 2U1+ ' 2W Boston 8 8 252 1,1*48 — — New York 3,167 1,719 3,718 551 691 Philadelphia 691 15 15 253 959 Cleveland 1,537 1,537 258 1,795 — Richmond 6 6 831 851 837 1,280 1,280 Atlanta 10 10 — — — 7 Bk 78^ Chicago 60 1,2§2 k St- Louis 303 Us6 189 299 Ua6 978 Minneapolis *• 120 3 125 200 323 ll+9 1 U9 Kansas Ci1y 154 5 12 121 Dallas 2 % 133 73 ,37 V San ■ Trane i sco 1+5 45 57 57 175 277 12 Total__________ ____ Z * 3 S _ ____ i.555602 607 11*6 70 _____ i j B ___ -----Excess receipts 298 10,023 2,902 ~~i il355‘ ~ Excess payments . JL & J L . . 962. 7,826 627 . __ in ^ Jtl> .I. , w ■ _____________ - DIVISION OF REPORTS AND STATISTICS, FEDERAL RESERVE BOARD, JUNE16, I 9I 9 . T , !BL ^ _________ ____ C O N F I D E N T I A L Not for publication Eos ton New York phi lade Iphi a Cleveland Ri cbmond Atlanta Chicago St- Louis Minneapolis Kansas City Dallas San Francisco WEEKLY REPORT SHOWING- GOLD RECEIPTS AND DISBURSE/ENTS CF EACH FEDERAL RESERVE BANK DURING VEEK ENDING MAY 29, I 9 19 . St*^37 (Figures do not include gold received from or paid to another Federal Reserve Dank,) (in thousands of dollars >)_____________________________________ _______________________ In exchange for F .R . Notes * From U* S« T From > Other banks, * Government * members 1individuals,etc. TJk T "ST 38 70 l 3s SI 26 1,021 10 2 21 1 13 7 2S5 il4 325 1 Total for system 1,021 T R E C 1 In exchange for F. R . ^ ot3s* T To U. S, ‘ To 1 other banks * » Government * members 1in d iv id u a ls ^ctc -* Boston New York phi lade Iphi a Cleveland Richmond Atlanta Chicago St * Loui s Minneapolis Kansas City Dallas San Franci sco Total for system Excess receipts Excess payments 9b 759 422 4SS 357 1.3^3 22 5 - 49 ---— 6* !^ 8 6 .jm m . - 1,301 1 1 324 — 7*+ 4s 57 38 58 __5,584 3,953 9 ,9 8 F - 22 5 I * t A ll other » ' N* S. 1 11 5 11 396 396 " 2 42 42 1 ,1 6 1 1 1 ,14? - 572 i,c 66 2,447 1 ,H S 4oS 2,4l6 3,632 716 279 512 32 13,9*3 Total pi sbur serpents 1 119 2,764 5 2 Total receipts 425 273 200 263 FEDERAL RESERVE BOARD, JUIJE l6 , 19 19 . 2,339 422 4SS 357 1,3^3. Ik 2,976 Total D I S B U R S E I , i E N T S I Debits to deposit accounts t Member * U» S. ’ 1 G'werniuent r banks * Total 96 1, 580 263 57 3S 51 i A927_ - I P T S J_________Credits to deposit accounts_______' 1 U.S.Government ' ■ ' All other Total 1General Accaunt 1 Member "banks * Total 1 N. S. 187 385 385 10S 647 311 311 2,4-08 2,185 39 223 107 6 i,o o 6 129 S77 328 4os SO 1,031 56 1,329 1,385 3-120 4si 3,6oi 23 1 -631 S4 1.15 20 Gk 20 175 239 512 ^55 57 l 31 31 li4 9,956 1,631 1,644 11,630 700 6 88 36-S 1 , 34 s 870 103 1,133 573 5 54 1 57 4i 100 6,oo4 1,190 C 0 N F I D 1 N I I A L Not for publication GOLD RECEIPTS AND DISBURSEMENTS OF FEDERAL RESERVE BANKS DURING FIVE WEEKLY PERIODS ENDING ON FRIDAYS, MAY 2 TO 29, 19lg. (in thousands of dollars; i .e ., OOO emitted.) 1 R E C E I P T S ' in exchange for F.R. notes; From U ,S ,Government FT can member banks Other banks, individuals,etc. Total Credit to deposit accounts} U« S* Government Member banks Total All other n, Debits to deposit accounts* U* S» Government Member banks 650 * I 1 MAY 9 1 MAY 16 ’ 804 383 2.093 1 M Y 23 ’ MAY 29 1,362 4.1.911 S ,024 3,917 1,631 S, 6 l4 53,852 10,023 ^939 9,986 1,644 4o,oo5 123,69s 9.651 . 11,650 11,962 11,630 49,656 63.351 iS7 ,o 49 1,097 1,137 6SS 4,910 39,515 670 1,021 2U5 426 26'7 493 310 255 325 1,292 1,432 2,726 1,473 2,268 10,001 -2 ^ 5 9,995 1*655 2,?6S 12,146 427 215 s4s. 'TOTAL, April'TOTAL SINCE '26 to May2$ DEC-27, 19IS 5,238 2,014 4.700 . 14,426 15.533 14,572 13,949 6 3 , iso &S 0 , 4 i4 3,789 1,433 4 , io4 6,992 2,381 7,832 3,997 26,714 1,602 (. • • (los ;599 ( 5,222 ' 5,706 9,376 9.239 5,584 35,187 108,599 172 * In exchange for E, R« notes; To u. S. Government To members Other banks, individuals, etc. Total MAY 2 i , i 4o S. TOTAL RECEIPTS D I S B U R S E M E N T S . I St .444 1,586 96 4o6 2 69 397 607 4 s3 2,182 S , 6 l0 28,005 502 365 397 607 4 s3 2,354 56,615 A H other N. S. 1,575 600 ...1,29.6 1.764 1.S78 7 ,H 3 5 7 ,7 3 1 TOTAL DISBURSEMENTS Excess receipts Excess payments L % t> . 6,671 11,069 7,755 11,670 2,902 7,945 6,oo4 44,654 4,464 1S2.945 97,469 Total 76 2,599 FEDERAL RESERVE BOARD, DIVISION OF REPORTS AND STATISTICS, JUNE 21, I9I9. is , 526 C O N F I D E N T I A L Not for publication PERCENTAGES OF GOLD AND LAWFUL MONEY RESERVES AGAINST NET DEPOSITS, PERCENTAGES OF GOLD RESERVES AGAINST FEDERAL RESERVE NOTES IN ACTUAL CIRCULATION AND OF TOTAL 32ESERVES AGAINST COMBINED FEDERAL RESERVE NOTE AND NET DEPOSIT LIABILITIES OF ALL FEDERAL RESERVE BANKS. Ratio of gold and lawful money reserve to net deposits June 6 -- June 13 Ratio of gold reserves to F.R. notes in actual circulation June 6 --June 13 Ratio of total reserves to net deposit and F« R. note liabilities combined June 6-- June 13 Bo ston 52.2 4 7 .6 Ho.8 4*0 .3 1+1+.8 New York 64.1 62.3 U2 .1 1+2.0 Philadelp h ia 49.4 4o.6 4o«4 Cleveland 6 2 .1 58.6 Richmond 52.6 St-1+38 Ratio of gold reserves to F.R. notes in actual circulation after setting aside 35$ against net deposit liabilities June 6--June 13 1+8-9 1+5 . 5 50.0 53*5 5 2 .1+ 73^ '40.8 1+3 ,2 U0.7 1+7.1 6l*0 5S-9 6 1 *1+ 58.8 77 *2 75-3 51-7 37.6 37-7 1+1.9 1+2.2 44.6 1+5.5 44.4 46.5 1+8.6 1+5 . 9 1+7 .6 1+6 .1 51.6 Chicago 60 .1 55*2 66 . 1+ 6s . 9 61+.2 64,1 80.0 79*8 S t . Louis 45.5 49.3 60.8 60 .1 55*6 55-9 66.2 69*5 Minneapolis 66.5 60.6 54 .s 54.9 59*2 57 -2 7 4 .0 7 1 .6 Kansas City 58.1 60.5 1+3.0 ^3*3 1+9 .1 50.0 58*7 59*7 Dallas 4 0.2 U1 .2 Ul.o 1+0.6 1+1.3 *+5*3 4 6 .4 San Francisco 37-3 46.3 6 1.2 57 -s 54.3 5I+.3 62 . 1 __ 62.3 53.7 5 6 .1 50, 1+ 50.2 53-7 52.7 66.5 65 ^ A tlanta y TOTAL DIVISION OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD JUNE 16, 1919 70.6 1+4,1+ 50.8 WEEKLY REPORT SHOWING GOLD RECEIPTS AND DISBURSE!',ENTS OF EACH FEDERAL RESERVE BANK DURING WEEK ENDING MAY 2, 1919 (figures do not include gold received frcm or paid to another ]?ederal Reserve Ban±c*) __________________ (in thousands of dollars} i . e . , 000 omitted..)________ __________ _______________________ R E C E I P T S AH Credits to deposit accounts 1 In exchange for F . R« notes other ' U . S . Government1 Member From Ui S. f From 1 Other banks * Total N . S. 'General account 1 banks Government * members i n d i v i d u a l s , etct Total 5JIT 23 25b 329 73 830 piO 740 48 69 21 S t . 4 0 2 C O N F I D E N T I A L Not for publication Bo ston New York 169 169 21 21 philadelphia 202 124 202 Cleveland 71 53 111 111 Richiiond 61 61 650 650 Atlanta 291 6 291 Chicago 13 19 100 100 2 2 St* Louis 1 24 hi *+3 Minneapo lis 23 75 Kansas City 19 19 II 24 Dallas 21s 21S San Francisco 35 33 Total for system_______ 6 5 0 _ _ _ _ _ 3 " 2 7 _______________ 215_________ __________________ ______ -_____________ 2_,26S________ 2*2bS_ Revised 6-IS-19 Total receipts 585 1,639 190 330 ill 21 ^3 219 .1^140. 711 331 102 110 94 24 472 4,700"... D I S B U R S E M E N T S * To U. in exchange for F. R. notes 1 Other banks To S. ’ Debits to deposit accounts 1 Member Government banks > Total U. S. Total B o s to n New York p h i lade l p h i a C lev e la n d R ic h m o n d A tlan ta C h ic a g o St- L o u i s M in n e a p o li s K a n s a s C ity D allas San F r a n c i s c o Total for system E xc ess re ce ip ts E x c e s s p ay m en ts 130 240 181 804 315 1,042 704 113 75 95 47 H3 3,729 - 3,139 - 1,^30 - - - - ~ - - - - - ~ - - - - 3 1,^33 ~ 1,006 215 - ............ If 130 1,670 181 so4 315 1,042 704 113 75 95 - 5,222 • 1919 . 32 - - - N. S. Total Di sbur sements 424 119 - - 3 27 3 27 - - - 92 330 U22 ” - - 3.8 30 200 ~ - - DIVISION OF REPORTS AND STATISTICS, FEDERAL RESERVE BOARD, JUNE IS, - » - _ 96 3,930 34 other 250 • _ 96 hi 46 ' AH » 2 10 4o6 1,862 - 168 2,094 300 804 568 1,069 742 565 275 95 86 533 7,299 •2 10 502 1,766 37 477 1,575 - - - 435 2,599_ __ WEEKLY REPORT SHOWING GOLD RECEIPTS M D DISBURSE!';ffiNTS OF EACH FEDERAL RESERVE BANK DURING ENDING I/LAY 9 , 1919* . ^ v C O N F I D E N T I A L Not for publication (F ig u r e s ° do not in clude (in th o u san d s g o l d r e c e i v e d from of d o llars ;i.e», or 000 ' From U- S. ' vci Boston New York Philadelphia Cleveland Richmond At lanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total for. system_ 1 • notes Other banks From Total w 190 80U 36 36 7^ 5 lk " W 1 2 16 — q 3.S3 2l+5 57 70 55 21 3^ 6U 13 s Boston New York philadelphia Cleveland 121 1,022 29 20 2 13 E x c e s s p a y m e n ts DIVISION OF REPORTS 1,219 3 15 UHs 1,1432 3 780 232 zkz 73 77 U07 103 533 272 28 89 1 20 11 "255" Ifcj~ 7 SO 2,28^ 9U6 SU7 2, 23^ 2,503 551 52 585 67 33 76 339 61 967 10,001 ____ _______2,145______i2z i5b D I S B U R S E M E N T S B e b i t s to d e p o s i t U » S» Total Government accounts Memoer banks Total 12 1 ' 2,610 39 kl3 799 1+70 201 87 95 9,925 ^ , 27^ AND STATISTICS, FEDERAL RESERVE BOARD, JUNE 18, 1919* 29^ 716 563 620 355 86 1,083 14-,4-2b l&S All other 1 N« S. 1 D is b u r s e m e n t s Total 122 2,985 18l+ SOS 1+16 272 272 IS k 62 11,781 3 ,0 ^ 3 2 , 5^2 5 9 20 3. 9 1,856 1,553 2,35^ 1,086 SU7 3 9 Uo 76 76 23 _______________— ---- „ -J~r-------— kz.-------.. ________-________ 5_J0b________________7b---------^ 9 ------ i_2_ 2^4-5 - Total Receipts AH other N. S- 375 1U5 SOS 808 3,300 2,157 2,096 25 25 1,588 10 re ce ip ts S09 3U 16 member s ' indivi duals, e t c . 1 Ul3 Richmond 799 Atlanta U70 Chicago 201 St. Louis Sk Minneapolis 95 Kansas City 4o Dallas __________ San Francisco_______________ 22 Total_for_syste^ 0 5 5 1 , 6 0 2 2,052 70U 6- is - 19 em itted- )__________________________________________ _________ Credits to deposit accounts *U« S . G o v e rn m e n t’ Mem ber 1 'G e n e r a l A c c o u n t 1 ' ' banks 1 Total 77^ in exchange for F. R- notes ' Other banks, To To U. S„ Gove rnment Excess F» R. 0r“ R e v i se d p a i d to a n o t h e r F e d e r a l R e s e r v e B a n k . ; R E C E I P T S i n exchange fo r WjLiiX 808 kjo 1+91 S7 95 106 99 ~600~ 6 ,6 7 1 2I+8 7,755 RATIO OP "FLOAT" OF EACH FEDERAL RESERVE BANK TO IMMEDIATELY AVAILABLE DEPOSITS. C O N F I D E N T I A L Not for p u b lic a tio n 1 Federal Reserve Bank (In thousands of dollars-) 1 1 1 1 1 Boston 61,508 59,092 22,4l6 17*0 is,64o l 4 .i 18,264 13.8 196,737 156,252 4 o ,485 5r0 60,145 7^ 51,596 6.6 phi lade lphi a 73,78k 71,049 2,735 6*3 15.-308 11.0 15,302 11.0 Cleveland 62,7^9 53,3^9 9 ,Uoo 5,9 5-522 3 .5 5,128 3 .2 Ri chmond 76,885 62 , 3^6 14,539 21.6 9,931 14.7 9,332 14,6 Atlanta 43,340 24,572 18,768 27 -k 13 r535 19 ,S 13,331 19.5 Chicago 86,o4S 69,727 16,321 6.7 15,202 6.3 12,142 5-0 St» Louis 57,731 4o,653 17,073 20.3 3,231 9-S 7,372 9.3 16,062 12,811 3,251 5 ‘7 3 ,9 3 1 6.8 3,704 6 .4 Kansas City 65,213 3 9 , 16U 26,649 30.2 25,223 28.6 17,000 19.3 Dallas 30,727 13,597 17,190 31*5 17,633 32.4 12,222 23-6 San Francisco 35-419 21,127 14,292 14.4 15,773 15.9 9,770 9-8 232,263 623,739 209,124 10.4 209,124 10.4 178,829 8.9 New York Minneapolis TOTAL • DIVISION OF REPORTS AND STATISTICS I « "F lo a t" after adding net debit' "F lo a t" after deducting N atio nal and F .R . ' Ratio to ' or deducting net credit i n » Bank notes, also net investment in 'immediately' transfers from second calculation Saturday’ s settlement ' 1 Amount ' available > Ratio to immediately 1 Ratio to immediately 1 available deposits ' deposits* * Amount * available deposits ' Amount * 1 ’ per cent. ' per cent 1 per cent 1 "FLOAT" 'Uncollected' Deferred t i tan s ' a v a ila b ili ty 1 1 items FEDERAL RESERVE BOARD JUNE IS, 1919- , J. C c o m po sitio n of un collected itelis and d eferred a v a i l a b i l i t y it e m s . o n f i d e n t i a l Not for publication 1 1 Barjk -. (In thousands of dollars.) t t 1Clearing 1 1 1 House Exchange s ' TMCOLTECTED ITEMS 1 * Checks 'National Bank* j » notes and 1 and ’bank notes o f 1Transfers 1 All other ' other other 1 bought. 'uncollected’ cash ' i tea s ’ F* R. Banks * items st.439a DEFERRED AVAILABILITY ITEIS 1 t 1 Total Gold Settlement t 1 1 1 1 Other * 1 Government 1 1 Transfers Total transit 1 1 transit 1 * sold i * items 1 items r 7,651 1C4 376 - 73,377 61 , 50s 13, 213 - - 39,373 59,052 30,727 7.5SS 6,5^9 - 151,873 196,737 76,522 - - 79,730 156,252 Phi lade lp hia 3,907 6,533 - 6 3 ,3 ^ 79,784 27,878 - 5,494 37,677 71,049 Cleveland M 09 13 39^ - 5S,033 62, 7^9 14,310 - 2 ,s 4i 36,198 53,3^9 Richmond M 62 5S 99 . - 72,366 7 6,885 27,353 - 5,323 29,165 62,346 Atlanta 4 ,113 228 254 - 3S,739 43,340 3,152 - 2,813 is , 607 24,572 Chicago 3 , 25s St. Louis 3,^77 Minneapolis Boston New York - 4 10 2,300 73,480 S6,04g 22 , 5 64 250 9,039 37,374 69,727 24 4C'3 725 53,036 57,731 13,528 775 1,524 24 ,826 653 2,288 1 39 168 13, 5^6 16,062 4,o4s - 1 , 91 s 6,845 12,811 Kansas City i,oi4 1,430 2S3 7 , 3^0 55,146 65,313 3,337 - - 30 ,,227 39,164 Dallas 1,^76 2,739 535 4,226 21,751 30,737 ^,39S 10 - 9,133 13,537 San Francisco 3,213 13 352 5,653 26. 1 SS 35^19 4 ,76 1 2 16 J 2 9 21,127 S I ,801 13,731 9,700 21,632 700,939 332,363 227,169 1,037 366,556 623,739 Total - DIVISION OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD JUNE IS, 1919 • ..... 2 5 .... ■28,977 . F E D E R A L R E S E R V E 3 0 Ah L x-1587 GOLD SETTLEMENT FUND Rurnmarv of transactions for week ending June 19, 1919* (in thousands of dollars) CONFIDENTIAL Aggregate : Settlements from June 13 to :Balance in Aggregate withdrawals deposits and Gold S : June 19, 1919 , both inclusive:fund at Gold T R A N S F E R Balance federal and trans transfers deposits with last Reserve Total : Total : Net :business fers to Agent’s frcan Agent ls Net statement Bank of drawals Debit Credit Debits : Credits :Credits:June 19,1919 fund fund Debits June 12,1919 — _ 842 111,382 : * 126, 153: 14 , 771 : 50,064 5,000 Boston 39,^51 — 842 113,000 73j 790 442, 905 : 369 , 115: :232,086 10,000 10,000 New York 183,718 — 154,044 : 130, 743 : : 42,934 6,288 15,000 40,000 23,301 6,288 6,500 Philad e lp h ia 41,447 97 , 753 : 108,978: 11,225. 48,493 94 10,000 94 20,000 47,174 Cleveland 169 , 624 : 188, 134: 18,510: 33,103 40,000 30,000 5,002 Richmond 2 6,000 6,000 23,595 34,908: 43,194: 8 ,286 : 6,315 2 4,018 20,000 1,018 2 At lanta 14,013 161,179: 177 ,207 : 16,028: 80,794 73,500 3,^00 270 Chicago 35,439 105,957 270 104 , 359 : 126,262: 21,90 3 : 23,621 28,000 1,800 S t . Louis 28,656 1,800 738 738 31,223: 23,85 3 : : 18,587 121 14,000 1**' 13,960 7,370 121 Minneapolis 25,876 58,445: 68,829; 10,384; 29,769 — 18,000 37,326 Kansas City 59 59 28 , 265 : 35 , 674 : 7 , 409 : 4,376 20,500 Dallas 5,890 27 29,399 3 27 3 ... 4 , 053 39 , 079 : 35 , 024 : . 19,418 2,985 29,988 9,500 , •... 2.000 San Francisco 3.500 31,638 263 , 7^1 263,741 105516 1 . 433, 166: 1 , 433, 166: 108, 516: 589,560 Total 4 ,26-9 27,653 583,091 25,169 - - - Federal Reserve Agent at Boston New York Philad e lp h ia Cleveland Richmond AtlantaChicago S t , Louis Minneapolis Kansas City Dallas San Francisco Total F E D E R A L H E S E R V E A G E N T S ' ? U H D Deposits Withdrawals Balance for transfers through Total Gold Gold last transfers with to deposits with statement drawals from Bank Bank June 12,1919 drawals 40,000 3,000 90,000 61,389 100,000 29,000 43,000 253,544 54,431 22,800 25.360 1,684 98,529 819,737 5,000 — 2,000 3,000 7,000 2,000 - 2,000 500 - 24,500 10,000 - — — 500 - 10,500 - 3,000 - - - 5,000 6,500 - - 3 iOoo - 9 S5 3,985 : 5,oco 3 , 4oo * 6,000 20,900 2,000 6,000 7,000 2,000 2,000 500 Balance a.t Total close of deposits business June 19,1919 10,000 6,500 47,000 - 90,000 62,889 100,000 32,000 37,000 249,944 52,431 500 6,000 22,800 23,360 1> 6.84 103,544 - 5,000 - 3,4oo 985 28,485 :: 31,400 822,652 Summary of changes i n owner ship of gold by banks through transfers and settlements ®ecrease : Increase : 10,612 11,714 22,033 6,097 7,410 7,616 1,490 4,055 60,415 : : : i : : : : : : : : 38,369 1,699 1,225 8,510 60,415 C O N F I D E N T I A L Not for publication St.442 REDISCOUNTS AND SALES OF DISCOUNTED AND PURCHASED PAPER BETWEEN FEDERAL RESERVE BANES HIRING CALENDAR TEAR 1919* Chronological Table - May 1919* Di scornted or p-urchased by F. R* Bank of Minneapolis Chicago 11 Cleveland Chicago It Cleveland Chicago n « it San Francisco Minneapolis Cleveland Chicago Chicago Chicago Cleveland Chicago Minneapolis Chicago Chicago Cleve land San Francisco Cleveland Chicago Chicago Cleveland Minneapolis Cleveland Chicago St. Louis Cleveland Minneapolis Chicago Chicago Cleveland Cleveland Chicago REDISCOTOTED OR SOLD BY FEDERAL RESERVE BANK OF Date NEW YORK pur. Bills May I 1 2 2 3 5 5 6 s 3 , 244, 91+1 12 13 • • • • * • * « * »■ * * * «' t * » * « • « • 16 16 * I • » » » • * * * * * + + # ♦ « * t 17 19 * * « * ♦ • 5 , 021,553 ♦ * • t ♦ 23 23 23 * « * « • « • I ♦ * * t t > • • « « at > * * • * » * • • • * # • • ♦ • * • • 1 1 • « • • 1 1 1 ♦ • 0t • • t 41 28 • • » f I « 1 28 * « • * » 1 « 1 8, 266,494 so,000*000 1 • 1 1 29 29 DIVISION OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD JUNE 19, 1919 * • * • « • ♦ V • • « • • ! Total » • * 15 15 26 26 26 • • ¥ lk 20 20 21 21 22 22 22 « • • 7 9 9 RICHMOND 1 DALLAS PHILADELPHIA f Di sctd .Bills I DisctcLBills * Disctd.Bills 1 10,000,000 m * 1 1 t 3,000,000 1 * • 5,000,000 t 10,000,000 0 0 0 0 m 6,000,000 I « • • 5,000,000 * i • * * < f 5,000,000 » » « • « » « • • 1 5 ,0 6 0 ,oco > I < r' * , • » * 5,000,000 2,500,000 « 1 • « « • • • » ♦ 5,000,000 » 10,000,000 .’ t• * • » « « * 4 , 000,000 * * % * • 1 V-% * .*■ • * * * % * «t 1 10,000,000 » » . . . » 5,000,000 •. ,• * I 10,000,000 • , « » 4. * 0 4 « + % ♦ » » • * 5,000,000 t 5,000,000 « 4,000,000 I 0 0 0 • • • • * 5,000,000 « 1 0 5,000,000 • 3,000,000 » « • • # I 5,000,000 • 1 « • » « * 4 , 000,000 1 5,000,000 • 5,000,000 I 5,000,000 • * ♦ ♦ * • * t * • 0 * * 1 1 5,000,000 \ 0 9 « « • « « J 3,000,000 • ;0 * * ♦ 6,000,000 5,000,000 5,000,000 10,000,000 0 5,000,000 * 6,200,000 10,000,000 5,000,000 » 5,000,000 » 10,000,000 m , 4 , 000,000 10,000,000 5,000,000 5,oootooo 5,000,000 2,500,000 1 115,000,000 i 63,200,000 C O I O I D E I T T I A L REDISCOUNTS AND SALES OF DISCOUNTED AND PURCHASED PAPER BETWEEN FEDERAL RESERVE BANKS LURING THE CALENDAR YEAR 1919- Not for publication Discounted or purchased by P. R. Bank of Monthly Summary - May, I 9 I9 . (In thousands of dollars; i .e ., 000 omitted*)________________________ Rediscounted or sold by Federal Reserve Bank of for SINCE JANUARY 1, 1919 PHILA. CLEVEL RICEM. ATLANTA CHICAGO ST. MINN. KANSAS DALLAS TOTAL SAN PUR. DISCTD. LOUIS CITY FRAN. BILLS BILLS. T O BOSTON NEW YORK St .443 M T A L O N T H Boston 50,094 New York 10,094 40,000 Philadelphia Cleveland ftto.OOO 30,000 0,000 ^ 5,000 70,000 186,240 20,223 lio,017 138,200 515,058 25,136 489,922 10,000 25,071 4 0 ,0 0 0 195,235 Richmond Atlanta Chicago % 3 ,2 0 Q P10 ,000 St. Louis ^Q.OOO Minneapolis Kansas city 20,000 5,071 19,282 176,013 15,070 10,070 48,916 48,916 5,000 Dallas 8,266 Total 4s*4. Since Jan. Total pur. Bills Dis. Bills 8,266 ^ ,26 6 San Francisco 55,326 35,281 20,045 80,000 103.465 277.017 103.465 277.017 115,000 280,000 36.190 280,000 36.190 DIVISION OF REPORTS AND STATISTICS, FEDERAL RESERVE BOARD, JUNE 19, 1919* 63,200 46 46 30.000 253.700 266,466 ‘1 , 0 3 5 7 ^ 138,792 30.000 253.700 296,952 (a ) Acceptances purchased in o*en market (c) Msaber banks’ collateral notes secured by Gov't, war obligations.