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St. statem ent f o r t he p r e s s . 571 Federal Reserve Board August 30 1 1919* Released for publication Monday morning, September 1, I919> not earlier. CONDITION 0? 1-UMBER i'AMvS. Modorata liquidation of United States War securities and of loans supported by such securities (so-called war paper) is indicated by the Federal Reserve 'Coord's weekly statement showing condition on August 22 of 77j> membar banks in 1: r.ding cities. Government and other demand deposits likewise show seme de creases as well as reserve balances with the Federal Reserve banks. United States bond holdings show a decline for the week of 2 >3 millions, Victory notes on hand fell off 4,8 millions, wmle those of Treasury certificates declined l6,U millions, a larger decrease being reported under the latter head for the member banks in Hew York City. largely at the New York City bank:;,. from 2 , 948.7 2 , 939*3 to vTar paper on hand fell oxf Id . 0 . million*, Loans secivrc-d 03^ stocks and oonds devlin^d m illion , larger decreases reported by the banks in Now York and in other Federal Reserve bank cities toeing offset to a large extent by increases in such loans show, for the banks in the less important bank centers* Other loans and investments increased 53 '2 millions in Federal itus^rVw. bank ci *i-s and about 37 millions at all reporting banksAggregate holdings of U. S. war securities and war paper declined from 3,454-7 to 3,458-3 millions and constitute 23-1 per cent of the total loans and investments of all reporting banks as against 23*4 per cent the week previous < York City banks a decline in this ratio from 2]<7 5or tho RL./ 'to 27-2 per cent is noted. Net withdrawals of Government deposits totaled 51 *6 millions, other demand deposits (net) declined S7*5 millions, while time deposits show but a nominal change. Reserve balances with tho F. R. banks declined 74*5 millions, largely m New York City. reporting banks US.9 millions. Accommodation ty tire Reserve banks as measured by discounts for of collateral notes and customers' paper, shows an increase of for poblxcation Monday morning September 1, 1319; not earlier. J5 ^ i V St. 571 a STATESENT OS PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN LEADING CITIES, Comparative data for all reporting banks. (in thousands of dollars ,) If Aag.15,1919 August 22*1919 May 23,1919 Feb,21,1919 773 773 773 772 26s ,959 268,988 268,215 2b2,760 6^1,850 644,195 s64,s46 698,676 324,613 329,442 1,184,270 1 . 200,73 b 1,777,868 ... 1,729,178 2,419,692 2 , 443,361 2 ,910,929 2,690,614 1,307,548 1 , 320 , 3^0 1,179,537 1 , 158,500 2,939,271 ■2,948,678 9,975,131 s , 290,607 8,253,584 )10,515,096 ) 1,286,143 1 , 360,554 1 , 298 ,00s 1,225,462 350,353 347,145 359,184 336,514 10 , 791,599 10 , §79 , 07.9 10,370,747 9 , 945,267 1 , 896,770 1,715,542 1 , 633,657 573,117 b24; 744 627,897 552,634 1,085,873 1 , 006,902 1 , 226,986 1 , 073,992 --------- 290,503 320,560 225,953 323,153 Ratio of T)* S* war securities and war paper to total loans and Investments f per cent - - - - - - - - - - - - - - - - - - - - 23.1 23.4 £6.2 26.0 U* 3- bends to so cur a circulation - - - - - - Other U, S*- bonds including Liberty bonds ,U. S * Certificates of indebtedness -~ Loans secured by U. S- bonds, etc* - -- - ~ -------------- Loans secured by stocks and ibonds other than XL* S* securities - Reserve balances with F* R~ bank Net demand deposits - - - - --------------- - --- — — -_ -_ ^ _ Tima deposits 1 , 897 , 92s Government deposits - -- -- -- -- -- -- -- -------Bills payable with Federal Beserve bank - -- -- -- -- -- Bills rediscounted with Federal Reserve bank . - - ) He ifi^ed for oablication. Monday morning September 1, 1919; not oarlior. 2. STATEMENT SiIOViT;,7G.PRINCIPAL RP,SOURCE AND LIABILITY ITEMS OF ItE.lisiCK UU5KS -U3 LEADING CITIi-blaLih.. 'C'-ita. for all r 3j£ortiivg. bsn&s in oach district. &tjzl<LZj__cf_ b’.isinass Augu.s t 2c. -19.19,;---- (in ino.u s ^ _us,.OA.ii.doj- S S / a a ; ^ ; ; ; Otter U .S . tool. Liberty bends* e. Victory notes -— ---- i , % 17,526 1 0 ,k U-S.certificates of Indebtedness Ictal U. S. s ecu rities--- W pa --« .} , ?}? 9H2 , 01*7 95 , 5^ Loans secured “by U*S-bonds,ate. 61,290 L o a n s - s e c u r e d b y s t o c k s & b o n d s ultseo 297,-JUU 132,511 37. *38 15,786 A s <9. © 5 1“ ,370 122, 35s 238,80S 137,551 116.-75 Jl.,K73 l b ,7 U 6 J ,5 (» 39.167 gj). 177 Eeser,e balances with J .B . bank Gash m v a u l t ------------ /II,724 l66,4o6 107,194 *42,318. 29,73-° K)l,134 Net demand deposits — '61^.777 122,829 66,860 17,158 « 5 ,05“ 29,320 ■Government deposits —-- *---Bills payable; with F.R* bank — Bills r 3.aiscoun.tod.wi fcr* F.R. bank u i .S f e 338.586 5I /°05 1 ^0 2 5 59,937 263,657 21,902 29“ ,&95 & ’£ £ 79,050 97,^95 ^3,523 35,938 31,122 13,299 16,623 27,3 5 172,095 90,895 u 3s e r v o ~ b a rik a n d _ S r a n o h K.w York Aug-22----^,ug,!5 7138,363 c i t i e s a n d a l l Chicago Aug.22 Aug. 15 . ’ so* 5.22S t-'roo 9,365 X 4“4 , 820 100,017 o t h o r n 'k i i 11 , “ 11 r o p o r t f t in' 771 10.771 1 2 8,502 W l n S 106*673 cl'pok l “ ,301 3 ^ ,6 1 3 9.®92 M S , ooNit 64* ^47^ » ,« 6 51.22“ 2 ~ ,098 9,99** ^igU 613 2,939**271 A^t’ ooS l 66 ’ lll 586*005 “ 3,339 62,166 6 , 6<* 2& A - 57 i y S S ' ''fe^ w T T ^ T n g W t 57,297 55,905 7 7 ,W 5 M b . S ^ 3 2 !? , 2 0 0 . 33 >76l ^5>°79 13,05i+ 17>339 *"^Z ^ , 7 0 0 140,511 S 4, 53** 7 9 , 2 9 ^ , 1 5 2 U f.lJ O . U S ,S 4> 25 ! 58S__l 4 , 9C3 _ l b ^ 7 9 ^ _ J ^ 0 9 1 ____ L _ ~ ~ C c m p a ja t iv e ~ d a t a ~ f o r ~ b a r k s ~ In ~ F r id e r a I~ R 9v A 0,622 30°*768 2/4,10*+* 1#191»>82 282>03* 3 -— ----- 735,521 ^>SS3A5^ b6S,21S 812,200 332,772 259*181 Tide deposits------ --- — 3~ 72> g 23 , 1*36 1 5 . ?7o 10,691 -g » . » j j 320,639 200,479 1,411,740 192,179 235,820 All other loans and investments 600,079 2,97S,6l3 ^65 ,220 777,05^ 17^ 5 i k = p ? ^9,991 50, 0^ 71 %, < ■ ;+ ^ 290,607 1 2S6 1^3 350 , ^ ^ < 7i Ir/fiSQ W w > 7 207*660 1*897*928 30,571 80,659 3 0 ,“ 67 .07,660 l .» 7 .9 ^ c^an 1T'00^ ^V ^TS 1 '085*873 ■ 26,450 9,790 .32 ,6 6 1 1 ,,0 0 4 , 3 , W * -___Jt-1-----I----__________ _______ -------i n j ; b a n g s ^ - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - ,U1 o t h a r r e p o r t i n g All F.R.bank cities iUig.22— .15 - F.R*branch citias. Aug.22“ — * _ banks ^ \ uao ^ 1 , “19 103,115 103,“21 ^ 3,067 ^ 2 ,8 3 7 10^.777 Othar U.S.bonds including Liberty bonds 2oS,0S9 267,103 12,^24 21.93P. 3^2,027 7,7 5 -J’ ^ n gu’ ocg U. S- Victory n o t e s -------- ----l l 5 ,l4l 111,87 224,440 24,95^ ^ 1 ,9 5 2 7 o ,^ 0 0 ^ .5 6 U- S. Certificatas of indebtedness-42S.S0C 455,468 115,892 113x921_-- 764^214--1 8 2 ^ 1 2 -^ >r| ----------- TSE^p^ Total U. S. s ecu rities ----------- -850-;393 ' '872 ^ oT~ ~ 1 5 0 ^ 7g ^ 62, 224 1 , 4 3 7 , 7 ^ 1 ^ 3 , 8 0 4 507,606 5 07 ^3 7 669,272 6 8 1 , 6 9 3 7 0 , 8 0 5 7 ° , 7 3 1 1 , 0 5 3 , 3 8 ^ - 1 , O b i , <^59 3 ’ ^ 3 7 ^ h p ’ k Q i ~tf2 7°9 L o a n s s e c u r e d b y U .S . b o n d s , e t c . — -Loans secured by stocks and bonds--- 1,291,741 1,310,336 251,831 256,351 2,209,468 2> 23 M 0 L x ljql^'iii 1 588*419 All other loans and investments---- 2 635 179 2,611,952 660,708 669,2f4 5 . ^ 8,983 5 ,1 ^ ,7 2 2 ^ ^ 3 , 2 0 5 1,49^,113 1 ,^ 8 ,4 1 9 1 593*7^9 1 ,5 9 3 ,/ 9 SST. 1 K S e 1 ^ i t : p-!-‘ : - : : : : : : : : : : : : : : : : : : i &overniQ32it deposits------------gi+y 554 Bills payable with F.E- bank ------425 J2 0 -Bills redisco-unted witn h* baruc-lo4#bpl * Ratio of U^S^war securities and war paper ^ to total loans and invostoants,per cent Zj ^ 7138,363 ■ K « W :» 7' 33,^98 304,768 390,999 137^99 4^,020 5 7 ,^ 1 9j7d5 3^,585 5>^31 27 , T 20.1 20.0 l« ^ I : - 3 1 i o e ,7 g oQ3 ^ ,0 ,3 47 ?’ l ?n ^72,120 3 7 0 * 0 8 6 h^ M 438,31° 489 »111 ^ 6 ,2 2 6 J j .^ 9 ciX<do 5 *> , , 2^1 2^W t?t’ u.7 >" ^3, 23 -3 l4s>ci78 142*178 9 , ^ 7ox kIQ ^IQ 23 ^ 19-3 19^3 C O N F I D E N T I A L RATIO OF TOTAL RESERVES TO COMBINED FEDERAL RESERVE NOTE AND NET DEPOSIT LIABILITIES; RATIO OF GOLD RESERVES TO F. R„ NOTES IN ACTUAL CIRCULATION> AND OF GOLD AND LAWFUL MONEY RESERVES TO NET DEPOSIT LIABILITIES OF ALL FEDERAL RESERVE BANKS. Not for publication Ratio of total reserves to net deposit and F. R. note liabilities combined Aug. 22-- Aug. 29 Ratio of gold reserves to F.R. notes in actual circulation after setting aside 35$ against net deposit liabilities Aug-22-- Aug. 29 S t ,574 August Ratio of gold and lawful money reserves to net deposits Aug. 22-- Aug. 29 29, 1919 Ratio of gold reserves to F. R. notes in actual circulation Aug. 22--—Aug, 29 Boston 5**5 52.0 65.6 61.8 71 . 8 66.3 1+1+.5 *3-7 New York 1+5.0 1+3.0 52.9 *9-3 1+9.8 1+5.9 1+1.1 1+0.8 Philadelphia 1& . 1+ 1+0.3 43'3 1+3 .O 1+0.0 1+0.3 1+0.7 1+0 .U Cleveland 57-7 57-2 70.3 70.2 6i+.6 57.6 53-9 51 >0 Richmond 1+2.3 1+1.8 1+5.8 45.5 63.0 67 . 1+ 32.1 28.0 Atlanta 1+3.0 1)0,1 1+6. 1+ 1+2.3 1+1.5 38.8 43.6 40.7 Chi cago 65.1 .65.8 82.6 83.8 61.6 62.7 6 7 .I 67.6 S t. Louis 56.5 5S*7 69.8 71.9 57 .O 50.6 56.3 63.2 Minneapolis 61.5 63.0 so .5 82.6 77 '3 81.8 50.3 50.0 Kansas City 61.0 55.7 80,3 71.5 76.9 61+. 2 49.0 49.2 Dallas 39.3 1+0.0 1+3.5 44.9 38.1 39«* 1+0-5 1+0.5 San Erancisco *9.3 53*4 55*7 61 . 1+ 52.6 58,5 I+7.9 51-1 5i-3 50.7 61.7 F — O 56.0 5 3 .S U8 .3 1+8.8 TOTAL FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS SEPTEMBER 3, 1919 ' C 0 N F I D E N T I A L Not for publication (In thousands of dollars,) 1 1 Federal Reserve Bank St . 573 RATIO OF "FLOAT" OF EACH FEDERAL RESERVE BANK TO IMMEDIATELY AVAILABLE DEPOSITS. 1 August "FLOAT" _______ * f,F l&a tM after adding net debit 1 "Float” after deducting National and F„R, Uncollected* Deferred * ' Ratio to ’ or deducting net credit in ' 1 items 1availability 1 immediately1 Saturday* s settlement 1 1 items 1 Amount 1 available 1 1 Ratio to immediately 1 1______________1______;________ L_________ 1 deposits 1 Amount 1 available deposits •1 Per cent Per cent bank notes, also net investment in transfers from second calculation * Ratio to ixmiediately Amount 1 available deposits Per cent 50,205 46,947 3,258 2-7 6,925 5*8 6,685 5*6 181,232 122,062 59,170 7-8 48,358 6.4 48,358 6 .4 Philadelphia 63,635 58 , 47 s 5,157 4.7 9,214 8-3 9,214 8.3 Cleveland 60,402 52,000 8,402 5*9 8,851 6.2 s, 25s 5-8 Richmond 58,023 50,oo4 8,019 12.4 6,992 10,8 6,928 10.7 Atlanta 26,789 23,334 3,455 6.6 2,645 5-1 2,319 4-5 Chicago 81,679 74,717 6,962 2.6 13,043 4.9 10,698 4.o St, Louis 4 6 , 30 s 38,624 7,684 11.3 7,612 11.2 6,969 10.3 Minneapolis l4,05U 12,059 1,995 3-6 4,382 7*8 3,092 5*5 Kansas City 62,583 45, 21+2 17,341 19-7 14,552 16.5 4,s64 5*5 Dallas 26,697 21,375 5,322 10-3 6,891 13.4 5,186 10.1 Scui Francisco 35,287 18,545 16,742 15-8 14,042 13.2 -.9,260 8.7 706,894 563,387 143,507 7.6 143,507 7-6 121,831 6.5 Boston New York TOTAL FEDERAL RESERVE BOARD DIVISION OF REPORTS Ai® STATISTICS SEPTEMBER 3, 1919 29, 1919 COMPOSITION OF UNCOLLECTED ITEMS AND DEi&RBED AVAILABILITY ITEMS. C O N F I D E N T I A L Not for publication St.573a August 29, 1919* (In thousands of dollars.) Bank UNCOLLECTED ITEMS 1 I 1 1Checks' National Bank' 1 1 ' ' and ' notes and 1 ’ Clearing 'other ' bank notes of'Transfers 1 All other ' other 1 bought 'uncollected' 1 house ' cash 1 1 items 1 F« R» banks ' ’Exchanges1i terns ' Boston 1 I ! I DEPEERED AVAILABILITY ITEMS 1 1 1 Total ' 1 t 1 1 1 1 ’Government1 Other 1 trans it 1transit f 1 itans 1 itans f I Gold ' Settlement 1 Suspense Transfers sold Total - *7,872 50,205 17,575 - - 29,372 * 6 , 9*7 - •* 155,292 181,232 52,159 - - 69,903 122,062 - - 57,101 63,635 24,112 - 679 33,687 58,*78 55,260 60,402 17,403 - 62s 33,969 52,000 - 5*,**7 52,023 20,201 - 1,034 28,769 50 , 00* - 2*,7 28 26,789 *,173 - 1,021 18,l4o 23,33* 1,933 loO 17,175 8,765 Philadelphia 2,961 3,573 Cleveland *,5 3 * 15 393' Richmond 3,223 289 6* Atlanta 1,**5 290 326 Chicago 5 , 2l 6 St* Louis 1,017 Minneapolis Nsw York 1 240 200 885 3,185 72,393 ■ 81,679 28,95* 1,725 2,635 41,403 7*,717 379 463 480 43,969 46,308 15,646 300 359 22,319 38 , 62* 912 26 20 1,270 11,826 1 * , 05* 4,935 - 266 6,808 12,059 Kansas City S09 379 399 9,289 51,707 62,533 7,7*7 - 37,495 * 5 , 2*2 Dallas 572 729 270 1,*52 23 , 67* 26,697 7,011 13,321 21,375* 1JkjUOQ "j ■ ■ 11 1 7* 4,611 29 r082 ^ 5 ,237 __ ^ , 52* ... l * , 6l 6 3,23* 20,487 San 5Vancisco> TOTAL 4l,206 - FE3ERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS SEPTEMBER 3, 1919 .. 627,351 706,894 205,490 - 17 1,026 ............ 3-___________3&- , 2,045 7,684 12^ 22—— 18 r5*5 348,168 563,387 ^UEKSiTCI RECEIVED FROM AND DELIVERED OH SHIPPED TO I/EfflZR ANL ; ;oj-:m$3ER m k s during- the month of juli, 1919 . I A L Not for publication 0N s t . 572 •++ ^ (in thousands of dollars; i-e*, 000 omitted.; BOSTON Deliv- 1 ered or 1 shipped1 ___ to 1 HEW YORK 1Deliv- 1 Rec’d. !ered or1 Rec*d. froa ’shipped1 frcm * to 1 PHILADELPHIA Deliv- ' ered or' Rec'd. shipped1 frcm to Deliv- ' ered or' Rec'd. shipped1 from to ' RICHMOND Cleveland ' Deliv ered or shipped tc Rec'd. frca CHICAGO ATLANTA Deliv- 1 ered or' Rec'd. shipped' frcm tc !________ Deliv ered or shipped to Rec'd. froa Banks in Federal Reserve :0 , 455' 173,166 >102,9 r'j T 4,227' t.,4-35 24,305' 13 , 5<* Banks in Federal Reserve ? i I tt branch cities -------15 , 451 * 21,013 ' 3 ,5 4 3 ' 6,143 ? J Banks outside Federal Reserve r and Reserve branch cities - IS.,24,5-'.. .2o^52i-ia^Z-Q-L-it7-H0-S-6 _JS,3l£i_lS^a3l _Sl^ i z i s j s a wo u s , l ------------- ■----------------------------------------- ^ '3 / , 4 0 8 14 o 1195 / 3 7 9 ' 1 D*-*, 2 2 2 Octal since January 1, 1919 --*184, oSO1282, 54o ■ 356 ,566 ' 915,994 ST. LOUIS jmiEAPOLIS ' Deliv'Deliv?ered or 1ered or 1shipped Rec'd. 'snipped 1 to -IZSuu_' to i^anks m -bederai. reserve t C ities------ -— ---- , 9,050 15 , 092' 1,168 I Banks in Federal Reserve 1 •branch cities --------- 1 3,518 8,514 t Banks outside Federal Reserve1 and Reserve branch cities— * -U20ti. 51__l-j.J-2-1 32,0171 3 S,j>95 £9,193- 36,793 183 ,464i263,726 159,629 >222,728 KANSAS CITY Deliv- 1 ered or’ shipped1 Rec’d* to 4,114 6,73^ 579 ' 3 ,S 45 1 5 , 815 * 10,406 P 80,8 i -3 11,223 13,672 65,97S 109, 25b ,l 60. 5 , 292i 20,411 62, 736 . 125,360 27,409 9,693 38,830 1.29# .12^226 149,328 275,899 54,1S1 > 343,864; SAN IP, ICISCO TOTAL -SOB ~MQLT?m TOTAL SINCE JAN. I , DALLAS Deliv— ' _________ iq iq Deliv Deliv Delivered1 ered o r' ered 0: er c-0. 0i i Rec'd. shipped' Rec'd. or shipped' Rec'd. shippec Rec'd. ___ to\ -IXOw*. to ___ to___ ' ,1 u.. _XX.CuL_ .LX.Q.X 2 ,80S J 6 , l 66 906 1,083 2 , 32CI 3 , 50s 004 631 4.044' 3.800 4,935 4 , 17S 9 , 172 ' 13,474 36,4^0* 40,520' 71,636 6,505 5,952 43,917 3,673 3,473 6,304 11,847 :?3 , 053 ; 233,496 1 , 424 , 425^1 ,466 ,506 7,909 50 , 320 | 66,275 J^QSl _ J L 16 e sq, 722' 142,228 j , 283, 464' 439,194 465.880' 803.801 t Total-------------- t 13,774 26,441* 2,889 Cotal since January 1 , 19IS ~' 72,147 160,643' 20,183 FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS SEPTEMBER 3, 1S19 6 , 588 ' j>2, 9 15,715 22,918 88,983 133,3S1 413 , 095 '4 4 1 ,399 I 2,173,769'2,709,501 C O N F I D E N T I A L Not for publication S t .577 GOLD IMPORTS INTO AND EXPORTS FROM THE UNITED STATES (In thousands of dollars.) *11 day3 ending' 10 days ending1 Total since * Jan. 1 to •July 31, 1919 ' .Aug, 10 ,1919 s Jan-,1, 1919 ' Aug.10, 191S IMPORTS: Oro and Base Bullion 593 1,055 U„S, Mint or Assay Office Bars 93 26,867 37,496 24 l 10,497 6,773 2 121 5,141 1,090 S13 U. S. Coin Foreign coin DOMESTIC EXPORTS: Ore and Base Bullion Total ... 0 0 ro 2 Bullion refined 4,793 V U. S. Mint or Assay Office Bars 10,411 Coin 6 - 9 Bullion refined Total imports 8,8 62 10,600 ....... .........1 6 9 . V 53,306 53,105. 15 100 31.586 674 8,311 6,812 3,796 6 , 3/2 124,868 21,350 19,209 13,235 164,780 28,935 7 ]44 333 5 7 . 144 335 19,214 13,242 164.924 29,269 FOREIGN EXPORTS: Bullion refined Coin ......._ ......... 5. Total Total exports .............. Excess of gold exports over imports since January 1, 1919 Excess of gold imports over exports since August 1, I 91U FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS SEPTEMBER 3, 19^9 $111,Sly,000 959' , OCJC St.577a C O N F I D E N T I A L Not for publication GOLD IMPORTS INTO AND EXPORTS FROM THE UNITED STATES DISTRIBUTED BY COUNTRIES ' I M P O R T S ' E X P O R T S days ending1 Total since '10 days ending' Total since ' Aug.10, 1919 ' Jarul, 1919 * Aug.10, 1919 ’ Jan.l, 1919 — ----f o & T “ — — 1 , 603,423 — *» 15,000 — 60,000 26, 920,000 $ 70,000 '10 Denmark France Netherlands Italy Spain Sweden United Kingdom England Canada British Honduras Costa Rica Honduras Nicaragua Salvador Panama Mexico Newfoundland Trinidad Cuba British. Guiana Dutch Guiana Argentina Brazil Bolivia Chile Colombia Dominican Republic Ecuador Peru Uruguay Venezuela China Japan Dutch East Indies British India Straits Settlements Hongkong Russia (Asia) Philippine Islands British South Africa Portuguese Africa TOTAL - — — $i4s,3oo 73,652 24, 814 569 55,492 - - - 1,021 3,245 . - 9,204 - 7,3^7 - 884,718 489,485 2,441 3,093,700 61 18,838 3,100 79,694 15,272 68,144 185363 1,069 156,280 536,448 - 3 7 9 ,9 H 564,038 - 150,644 - — «- - 187,000 — - - 366,292 8,150 422,413 53,105,165 1 , 192,205 3,018,637 10,000 - 21,300 10,000 1,000 300,000 5 , 233 , 27s — 7,940 — - 5,005 «- - 10,000 19,795 32 , 960,000 50,000 2 , 500,000 100,000 4,483,620 10,000 • — - - 85,000 3,775,977 3 , 509,126 2,524,455 - 213,637 - 201,711 109,765 . - 2,179,531 463,375 10 , 000,000 FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS SEPTEMBER 3, 1919 $ 13,329 32 , 643*234 - 380,142 - 661 — - 200,000 3,200,165 23,000 2,500 2 , 893,369 7,405,000 9,978,720 9,028,446 36 , 040,116 2 , 147,000 2,442,047 200,000 15 , 032,110 23,000 2,500 - — - — 13,242,299 164, 924, 03s S u u a ry o f t r a n s a c t io n s Federal Be serve B a n k of Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St.Louis Minneapolis Kansas City Dallas San Francisco Total Federal Reserve Agent at Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St.Louis Minneapolis Kansas City Dallas G a n Francisco Total fo r Balance last statement August 28, 1919 66,746 FEDERAL RESERVE BOARD GOLD S E T T L E M E N T FUND snding Septeuiber 4, 1919._____ ( In thousands of dollars) week A g g re g a te Gold with drawal s 60,666 42,681 55,946 35,542 11,046 131,848 23,540 33,676 8 18 -9 300 49,461 8,146 44,080 563,378 4S 91 Bold de posits 10,000 107 6l 7,965 A g g re g a te 1,500 10,000 107 61 5,008 2,010 518 195 12,240 1,000 5,000 300 35 4s 591 1 2,010 195 6.000 5.000 35 1 2.14S 18,409 T R A N S F E R S Debit 9,000 L5 0 0 : : withdrawals deposits & & transfers transfers from to Agent1 s AgentTsFund fund 32,705 25,554 3.032 20.261 7,000 27,975 2,000 31,500 10,000 13,610 3,000 7,500 2. 136,878 F E D E R A L R E S E R V E A 0 1 5 f S' FUND Balance ; iWithdrawals • Deposits Gold Total last : Gold for through statement : with- deposits transfers with transfers to bank from August 28, :drawals drawals Bank: 1919.......... ... —.. 58,000 : 08,000 10,000 8,000 — 80,000 : — — 59,889 : — 1,500 — — 90,000 : — — 22,500 ; 2.500 5,000 2,500 — ; 37,000 : £,000 500 2,000 *— 257,745 : 4,000 12 , 2lK) 4,000 — 59,931 : 2,000 5,000 7,000 18,800 : 2,000 — 2,000 ^— < — 37,360 : 2,000 3,000 2,000 4,184 : -— 500 5,000 2,145 2,145 89,140 ; — 814,549 : 22,500 7,145 13,000 $4,740 29,645 C r e d it 610 24r000 20,000 27,032 5,000 28,761 9,200 12,775 7r500 2. 136,878 Total deposits 10,000 1,500 5,000 500 12,240 —— — 3,000 5°o 5,000 37,7^0 X-1665 C O N F ID E N T IA L Settlements from August 29 to September 4, 1919, both inclusive. Net : Total Debits : Debits 2 ,5 7 2 : 79,208 — •• 301,519 4,7),a: 108,218 : 73,974 3 ,4 1 4 : 109,212 6 ,1 3 8 : 31,933 1,218 : 138,620 3 , 006 ’ 72,102 * 20s761 7,573 : 66,913 : 35,046 29.112 Balance at: close of : business : September 4 1919 : 60,000 : 80,000 : 61,389 : 90,000 : 25,000 : 35,500 :: 265,985 5 52,931 : 16,800 : 38,360 : 4,684 1 91,995 ■: 822,644 : Total Credits Net Credits 55.384 76,236 306,634 5,H 5 103,477 88,960 14,986 105,798 25,745 137,402 75,096 21,910 59,340 35-360 -47-t$13'* 1,083,871 Balance in fund. at close of business Sept.4.1919- 1,149 314 7,543- 29,112 96,749 36,286 63,993 26,177 9,350 115,846 25,434 38,990 : 38,875 7,870 _ 4l^273556.227 Summary of changes in ownership of gold by banks through trans fers and settlements. Decrease Increase 26,083 7,986 314 j^ L 42,245 42,245 St. 581 STACSW T FOR THE PRESS. Released for publication Sunday morning, Snp t. 7* 1913 ; not earlier* Federal Reserve* Board, Sapt* CGrDIT-lCK OF W I E M L 1919 * BAIIKS. Following a practically stoa3;r dncli.no in gold reserves since the removal on June 5 of the gold enlarge the Foueral Reserve bank statement issued as at close of business on September 5 > for the first- time ~h.ow» a- slight gain in sold and totel reserves, the amount of gold deposited during the week by the Treasury exceeding the amount withdrawn for export* The total gold reserves shown are exclusive of 107.1 millions of gold "in transit or in custody in foreign countries,11 the amount of gold received in payment for food supplied to the German Government* This gold, when received and hold "earmarked11 for Federal Reserve banks by the Bank of England, will increase the gold reserves of the Federal 'Reserve banks and thus bring about a rise in their reserve percentage* War paper holdings of the Reserve banks went up 25*9 millions, those of other discounts 6* 4 millions, while acceptances on hand show a decline for the week of 2*5 millions« Net investments in Treasury certificates aggregated 6*8 millions, increasing the total holdings to 250*2 millions, as against 223 eral Reserve bank notes in circulation** Louis, and Minneapolis banks include millions o± Fed War paper holdings of the Chicago, St* 56*8 millions of bills discounted for other Federal Reserve banks, as against 53*7 millions the week before,'while'acceptance holdings of the Kansas City and San Francisco banks are inclusive of 51*2 millions purchased from other Federal Reserve banks# Government deposits are shown Uf*6. millions and reserve deposits 27*7 millions larger than the week before* On the other hand the "float ** carried by the Reserve banks was 38 «6 millions more* The result is seen in a reduction of not deposits by 5.7 millions* As against this slight reduction Federal Reserve notes in circula tion show an increase for the week of 31*1 millions* banks accordingly declined from 50*7 to 50-^ por cent* The reserve ratio of the for publication Sunday morning, September 7 , 1^19; wot earlier. STATFZ'JfJT OF COMBINED RESOURCES AND LIABILITIES OF THE TYJELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTEMBER 5, 1919* St.580a August 2Q, 1919 . s^Ptember 6 > ! 9 lg 3S.5, 1919 R E S O U R C E S $ 2U3 , 23 8, 000 $303 , 228,000 $ 244,231,000 Gold coin and certificates 542; 310:000 496. 531.000 563 . 640.000 Gold settlement fund - F, R. Board 5, 830,000 Gold with foreign agencies 7 85,'5^8,000 885. 589.000 807.871.000 Total gold held by banks 1 , 172 , 168,000 1 , 142, 589,000 1 . 087 . 760.000 Geld with Federal Reserve Agents lo g .336.000 43.634.000 116 . 328.000 Go? d redemption fund $ 2, 066, 788,000 2 , 016, 983,000 $2 , 067 , 052,000 Total geld reserves 69 . gig,, 000 69. 188.000 53.511.000 Legal tender notes, silver, etc. 2 , 136 , 870,000 2 . 135 . 976.000 2,070,494,000 Total reserves 1 , 635 , 233,000 1 , 609, 296,000 1 . 007. 366.000 (Secured by Gov*t. war obligations 212, 125,000 205, 838,000 534.608.000 Bills discounted (A11 other 233.766.000 ■■363 . 138.000 . 354 , 667.000 B ill^ bought in open market 2.178.272.000 1,77 5,7^0.000 2.202.085 .000 Total bills on hand 27.096.000 27 . 096.000 29, 768,000 U- S. Government bonds 198,000 197,000 U. S. Viccory notes 243, 411,000 * 28, 030,000 250, 223,000 U. S. Certificates of indebtedness '*000 ______________ - - ... 75, All other earning assets 2 , 448, 977,000 1 , 833 , 613,000 2.479.601.000 Total earning assets 12, 796,000 12. 815.000 Bank premises 107 , 119,000 107. 119,000 Gold in transit or in custody in foreign countries 7 oq . 3 q4 .ooo 934,964,000 $?l\ s45.000 816,513,000 642,377,00© Uncollected items and other deductions from gross deposits 11 , 160,000 11 . 580.000 ,'. 1 . 313,000 5% Redemp don fund against F„ R. bank notes 9.995.000 12'.076.000 9, 511.000 All c the* resources 5 . 584. 921.000 5,^35,837,000 4,559,873,000 TOTAL RESOURCES L I A B I L I T I E S 8 4. 996.000 84.926.000 78,359,000 Capital paid-in 81 . 087.000 81 . 087.000 1,134,000 Surplus 54.494.000 59 . 110.000 197 . 325.000 Government deposits 1 , 729 , 950,000 1,757,641,000 1 , 465 , 102,000 Dae to members - reserve- account 563 , 337,000 643 , 194,000 46 1 . 640.000 Deferred availability items 99.156.000 iiq .q 6o.ooo 98.479.000 Other deposits, including foreign government credits 2.559.031.000 2.446.310.000 2,244,027,000 Total gross deposits 2. 611 . 697.000 2 .580.629.000 2, 180, 679,000 F„ R. notes in actual circulation 223, 565,000 219, 815,000 23, 964,000 F„ R. bank notes in circulation, net liability 2 4 '4q5-000 23.070.000 31.710.000 All other liabilities 5.584.921.000 5 ,435,837,000 4,559,873,000 TOTAL LIABILITIES 50.4 $ * Includes onoRatio of total reserves to net deposit and F. R. note 50,7^ 54.7 i ycar Treasury notss liabilities combined 60.1 f* 60. 7 % 69*2$ Ratio of gold reserve to F, R. notes in circulation after v.-.z net deoosit liabilities "as'.de 35fc R e le a s e d , Released for publication Sunday morning September J, I 919; not earlier. WEEKLY STATEMENT OF RESOURCES M ) LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTEMBER 5, I 9I 9 R E S O U R C E S (In thousands of dollars.) Boston Jew YcrTc Phila. Cleve. Richm. Atlanta Chicago St,Louis Minn. Kans.Cy. Dallas San Tran. Total crold held bv banks ____ ^ Goj-d with Federal Heserve Agents- • 75^58 ’ etc- — P 1^ 156,502 Bilis discounted:~~ — f2-^^ ^ 60 ,3gl— Total 22^2^2.--..................................................................................................... SU?,3in 1^5 131’,239 Ul! 5 ^ ItS jIII m 3^60 H 'M l l 'M ^ k ] l ^ i M M ’ * g <a » M 7I:t»w J M U£.043 R M ?S1 Mf o a g 5.081 Iso fill.571--- i s ______ 156______to.,,,, 1 ,330._____s^3 6l4,413 130,006 210,5»+3 65. H a 6 5 , 5 0 ^ 5 , 3 9 1 88,777 7S,79^ ^ ,1 1 ^ 33,21+0 158 , 9^5 2, 136,870 Secured by Gorernment war 672, 0 7 0 1 75 , 9741114,897 75 , 11+3 77 , 635192 , 1+90 59,552 31,390 36,917 B in s J ’S i 52,791 l6 ,S ?° 9,601 13,766 21,965 10,763 4,233 23>78l+ Total"bill s'on hand !!-! 1 . < ‘V L^ “ -- & 2 —& + S & -- 7 ^ 5 k - - ^ a 5 ^ ^ Q 6 l ^ 5 ^ L - 2 Q > 2 S 3 - ^ ^ U 6 U S Government bonds 3-65,845 79^,038 193,647 162,351 97,238 97,3^4 257,522 85, 59!+ 55,906 85,747 1,257 ^ ^ i ^ 376 m h . 1,153 ue 3,868 u * .s i v i c t o ^ T n o t e s _________ 539 ^0 — — — R _ 12Q — U.S.certificates of indebtedness-__21_ ^ -- 07^333 27 , 1.81 21,1402 8.995 1 2.979 3^.835 17 .068 9.506 13.268 B s r premises i k t e ^ r-0,33603 7 ’? S S64’ U6 107,467 110,681+ 65,657 107,883_ - ---- ------ 1 Si 1j764 3 ^67f 222,213 500 lgl+,8 g?5 ^ ^ 296, S3^U 103,815 6 Ban* A1f : i | : : ions ( a ) m Gold in transit or m custody in foreign countries------Uncollected items and other 5Sg< ^ S t i o n ff ^ d g^IiiistPOSitS~ F< R„ bank n o t e s ------ — All other resources-------TOTAL RESOURCES 2, 07^ » _ 107,119 - - 62,S97 1,072 202,367 72,723 2,371 2,240 1,322 l,06l 67,137 933 826 281 . _ 67,085 428 660 33 >146 105,357 688 1,619 1+27,825 1+65,160 2^1,222 210,833 f ~ 4io,31+9 1,757,132 ^ . 339 35,637 51 , ^ 1 , 635,233 x9 »556 14,609 212,185 742 8P. 87R ^ 667 55,985 ll+8,S 88 2,202,085 3,966 2,632 * 27; 096 — -• 1Q7 6,700 9~520 250,223 66,651^ l6l,0l40 ^2, 1+79,601 ^ _ _ _ „ - 107 11 Q It 5 1 ,^ 15,7^6 75,737 32,936 Ho, 735 827, 31+5 746 350 560 111 708 gg 1+73 509 1+50 810 11 l60 ^ l l l^q 354,706 246,018 160, 65s 269,439 139 , 11*9 362, 3805 ,5314,921 1*1,816 10,000 - - - 56 ,s i 6 - 25,023 - 26,139 51,162 (a) Includes bills, discounted for other F.B.tanks.vis.— _ . - - . . . . . 5,000 (b) Includes bankers' acceptances bought from other F.R,banks; Without their endorsement _ _ _ Released. for ov^Xica'ti.on Sunday.morning Sopteriibcr ~ft 1^19> not earlioi S"&*380c WEEKLY STATEvM^T OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OE BUSINESS SEPTEMBER 5, 1919(In thousands of dollars*) L I A B I L I T I E S Boston New York Phil a. Clovel* Richnu Atlanta Chicago St*Louis Minn* Kans-Cy* Dallas San Fran* Ca-ital paid i n ____________________ 7,034 22,058 7,757 9,343 4,224 3,351 11,989 4,004 3,026 3,900 3,295 5,015 __________________ - Sr-ovs G o te rn m °n t de_o 0 s i t s Due - ________________ 3 to members - R e s e r v e D eferred a v a ila b ilit y A1 £ o « S Total F .R . 5,207 account- 1 1 0 , 1 1 9 i t e m s ---- 5.896 g r o s s d e p o s i t s -------in actual c i r c u l a t io n - n e t^lia b ility — All otiier l i a b i l i t i e s ____________ 7 1 4 ,7 3 6 lia b ility as 9,710 2,529 2,320 3,957 2,029 4,577 81,087 2 , 5l 4 4 ,1 8 3 4 , 944 2 ,2 6 8 5 ,7 4 1 1 ,8 4 6 8 ,6 2 9 5 9 ,1 1 0 1 0 7 ,5 5 0 4 2 ,3 3 7 2 5 6 ,6 1 3 6 3 ,7 1 4 5 3 ,0 3 8 8 0 ,36 2 4 6 , 08.2 9 7 ,3 3 3 1 , 7 5 7 ,6 4 1 2 8 ,7 2 7 7 9 ,1 5 0 4 0 ,9 2 7 1 0 ,7 2 7 o0 , 0 2 3 2 5 ,7 6 3 2 3 ,5 0 2 5 4 3 ,1 9 4 3,304 10,451 M *9 1 3 0 ,1 6 3 5 5 ,4 9 5 5 5 ,5 9 4 55*391 6,297 3,-736 1 7 0 , 7*3 9 3 0 ,4 3 2 1 7 4 , ^ 7 1 9 7 ,4 2 9 1 1 5 ,9 5 6 2 0 3 ,9 8 6 7 5 8 ,7 9 4 2 1 2 ,8 6 3 2 3 1 ,4 4 9 1 0 7 ,7 0 2 1 1 4 ,8 0 7 2i , 4 l 6 4 4 ,3 8 3 2 5 ,5 8 8 1 9 ,3 9 9 8.593 1.819 1,680 8 ,3 9 8 7 6 ,8 8 2 3 5 0 ,3 9 7 1 1 3 , 6 3 4 1 2 ,0 3 1 4 4 4 , 81+5 1 0 8 , 5 3 2 3 4 ,9 8 1 ..jA 2,237 1 6 ,3 5 0 l& 2 ,0 7 0 . . .5 ,8 2 2____ 2? ,l j 6 6 8 ,2 7 0 1 4 9 , ?o 4 7 5 ,7 6 1 1 3 5 ,2 8 6 2 , 5 5 9 ,0 8 1 7 9 ,1 9 1 9 3 ,7 2 4 4 8 ,4 1 7 2 0 7 ,3 8 7 2 , 6 1 1 ,6 9 7 7 ,1 9 7 1 6 ,7 5 9 8 ,7 9 8 8 ,2 6 5 2 2 3 ,5 6 5 1,142_____ 957 .- 2,184_____ 292______^ .1,595--- f f l _ ^ | 5 0 --- 427,825 465,160 241,222 210,833 854,706 246,018 160 , 65s 269,439 1 3 9 ,1 ^ 362,330 5 , 534,921 e n d o r s e r on - Discounted rediscounted i s c o u n t e d paper paper r e d is c c w i t h oth er F . R , 2,805 1> 23 5 6,8^4 1^3 4H,7te 5 ,s6o 3,800 5, ^ 5 7 ,4 4 1 TOTAL l i a b i l i t i e s ____________ - 4io,34 9 1,797,182 C o n t in g e n t 5,311 2 ,6 4 2 5 0 , 9 S4 1 5 5 , 0 6 4 S e d i S -- notes 32,922 3 , 7 ^ 1 5 , 89 0 Total 34,996 21,816 banks - 25,000 5,000 •- - - 5,000 - c , 56,816 - FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION. F R n o t e s o u t s t a n d i n g ------- F. B. Sotas told “ b A ----- F.E.notes ir. actual circulation 2 1 0 ,4 4 6 6^0 £03,986 8 2 5 , 7 6 8 2 2 1 ,3 5 3 2 4 5 ,5 2 6 1 1 2 ,3 7 9 & Alk 1 1 8 ,2 7 6 4 7 3 , 4 0 b 1 2 7 ,1 5 6 8 0 ,.850 1 0 0 , 34-2 18,624 l , 6b5 758,79*+ a 2 ,S b 3 231, i+49 107,702 114,807 f c , $1*5 108, 532 79,191 8.H90 14,077 4,677 3 ,“% 28.561 5 1 ,2 1 1 b ,b U .. 2 , 794 2 2 7 ,3 8 1 2 T7 9 4 1 0 0 1 9 ,991* 182,403 93,72s* 1)8,1*17 207,387 2,611,697 DISTRIBUTION OF BILLS A.ID U. S, CERTIFICATES OF INDEBTEDNESS BY IIATURITIES. W ith in 15 B ills d i s c o u n t e d -------------- B ills boug h t i n o p e n m a r k e t ---- U . S . c e r t i f i c a t e s o f in d e b te d n e ss - 1 , 5* 7 , 1 0 6 2 8 ,6 8 6 days l 6 to 3 0 d a y s 5 ^ ,8 0 3 c-zc 1 0 ,5 3 6 31 to 6 0 days 6l to 9 0 days 1 4 7 ,3 5 4 9 1 ,7 9 0 ^ * 77-7 2 4 ,7 7 7 1 5 ,5 3 2 Over 9 0 d ay s Total 6 365 i 7 n*fiQP 70 ,6 9 2 S5Q , 3 Released for publication Sunday morning September 7, 1919; not earlier, St. 5SG& STATEMENT OF FEDERAL RESERVE AGERTS* ACCOUNTS AT CLOSE OF BUSIlffiSS Si*;P'M£&ER 5, 1919- (In thousands of dollars.) Boston New York Phila, Clevel. Richm. Atlanta Chicago St .Louis Minn, Kans.Cy, Receivsd^fr'om^Comptroiler______ 37*,701 1,738,800 ***,780 *02,960 2*0,680 2*5,600 Returned to Comptroller___________ 1*3,555 Chargeable to F. R. Agent — - 231,1*6 In hands of F. R. A g e n t _________ 20,700 696,160 253,500 137,380 175,720 776,032 192,2*7 128,69* 102,00* 68,538 202,55* 962,768 177,062 *93,606 1*7,786 137,000 252,533 27*, 31,180 266 138,676 28,7*0 26,297 58,786 Dallas San Fran, 20,200 85,71* 20,630 Total 108,200 32*,*60 5,122,9*1 3 9,71 * 30 >37?. A ? 37 J g3 9*,766 109,982 6S ,*S 6 23*.081 3,185,158 13,910 17,275 * 2 ,61* 65,738 9,6*0 6,700 391,058 Issued to F.R. bank less amount r e d S p t L n °- F--R--™----0---- 210,**6 825,768 221,353 2* 5,526 112,379 118,276 * 73,*06 127,156 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and certificates on h a n d _____________________________ ~ 183,7*0 - 28,125 Gold redemption f u n d ------- 60,000 17,919 13,856 13,11* 2,763 Gold settlement fund - F. R.Board 15,858 90,000 6l,389 90,000 53*, 109 1*6,108 11*. 287 Eligible paper, minimum required 13*, 588 T o t a l ____________________________ 210,**6 AMOUUT OF ELIGIBLE PAPER r DELIVERED TO F*R* AGENT---- ^ 5 , SU5 • - 2,500 pkg 80,856 100 , 3*2 51,211 227,381 2 , 79 *, 100 - - 13,052 - 8,831 " 8,526 3 ,3 6 l 2,708 3,225 3 ,282 12, 21 25,000 36,000 268,185 52,931 l6,S00 38,360 5,18*- 91 >996 8* , 6l6 76,73* 196,695 7 0 ,8 6* * 8, ___ 33,-91* 12^ 9 6 * 3 ,0 *2 825, 76 s 221,353 2* 5,526 112,379 118,276 * 73,*©6 127,156 80,856 100, 3*2 r , 795r^73 1^0,2SS l6l,007 50 , l 6 l .... . » 32 i b^3 - 5 2 ^ 2 8 257>^3^ rK J8, 86 + r 23 b, 2*8 00 07vJ ^*4 l ,j2 1 ,9 3 2 _ 51,211 227,381 2 , 79*, 100 -*)<-* rrr 17 *1 85,7 1 55*9^5 131,351 1*>)\ 107 f3 ^ STATEMENT FOR THE PRESS, l e a s e d for publication ivicnday morning Sept.S, 1919; not earlier. F e d e r ^ & s e r v e Board Septem er , 9 9 CONDITION OF MEMBER BANKS. Further moderate reduction in the holdings of Government securities ana of war paper accompanied however by commensurate increases in accommodation at Re serve banks is indicated by the Federal Reserve Board's statement of condition on August 29 of 773 member banks in leading cities* Holdings of U .S . bonds declined daring the week 5«s millions, those ot Vic tory notes - 5.7 millions, and those of Treasury certificates - 2$ .9 millions - a total reduction in U .S . securities of 4 l A millions. War paper on hand fell off 6.5 millions, largely at the member banks in New York City, while loans secured by stocks and bonds declined 28 A millions, larger liquidation under this head by member banks in F.R, bank cities being offset somewhat by increases shown for the banks in the less important centers. for the week of 63.9 Other loans and investments show an increase millions, a larger increase being shown for the banks m the Federal Reserve bank cities* Aggregate holdings of Government war securities and war paper were 3iAl*l millions, as against 3459*3 millions the week before, and constitute 22.8 per cent of the total loans and investments of all reporting banks, as against 23*1 per cent the week before. Net withdrawals of Government deposits are given as Ug.7 millions, other demand deposits (net) fell off 4 .4 millions, while time deposits show a gain for the week of 19.1 increased by 37.8 millions.' Reserve balances, all with the Federal Reserve banks, millions, while accommodation at the Federal Reserve banks, as measured by the total of collateral notes and customers' paper discounted for re porting banks, increased by 32.2 millions, of which 27-5 millions represants the increase in accommodation secured by member banks in New York City, Released, for publication tvionday morning September 8, I 919 ; not earlier St.5Sla STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS ! > ’. Comparative data for all reporting "banks. ________ IN LEADING CITIES. (In thousands of dollars.) Aug, 29, Number of reporting banks 1919 Aug,22, I 919 May 29, 1919 Feb.28,19ic 773 775 772 771 U. S,. bonds to secure circulation - --- _ _ _ _ _ _ _ _ _ _ 269,252 26S ,959 268,378 263,523 Other U. S. bonds including Liberty bonds 636,140 642,182 852,944 695,678 319,282 324,955 - - 1,154,375 1,184,316 1 ,739,582 1 , 998,658 2,379,049 2,420,412 2 , 860,90^ 2,957,859 Loans secured by U. S. bonds, etc. 1,301,334 1 , 307,872 1,194,722 1 , 174,124 Loans secured by stocks and bonds other than U, S, securities • 2 , 912 , 45s 10,561,604 8,359.697 2,940,868 ) ) 8 , 295,762 ) 10 , 039,003 m 1,324,374 l,286,6l6 1 , 285,891 1 , 253,166 345,520 350,507 344,662 3 3 7 , 69s 10 , 790,239 10,794,660 10,442,847 9,988,464 1,919,905 1 , 900,776 1,729,689 1,646,174 523,514 573,213 541,247 680,105 1 , 121,709 1,086,341 1 , 250,202 1,157,121 287,428 290,586 235,772 3l6,73S 22 . 8 23.1 25.9 27.3 _ _ U. S» Victory notes U, S» certificates of indebtedness Total U, S. securities _ _ _ _ _ _ _ _ _ _ _ _ _ All other loans and investments Reserve balances with F, R. bank Cash in vault- ------- Net demand deposits Time deposits - - - - - — _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Government deposits _ _ _ _ _ _ _ _ _ _ _ _ _ - _ _ _ _ _ _ _ Bills payable with Federal Reserve bank Bills rediscounted with Federal Reserve bank Ratio of U« S. war securities and war paper to total loans and investments, per cent Released for publication wfor day morning September S, 1915, ao'' earxier. STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN LEADING CITIES, o p fq fnr- 3.11 reporting banks in each district, as at close of business August 29, 1919 . (In thousands of dollars-) — ---- -— ----- — “ 1 Boston New York Phil a. Clevel. Richm.. Atlanta Chicago St, Louis Minn. Kans.Cy. Dallas No. reporting banks U.S.bonds to secure circulation Other U.S. incl. Liberty bonds U. S. Victory notes U . S . certificates of indebtedness . u .S „ . securities --Total U Loans secured by U.S.bonds etc. Lo-ns secured bi s'toiks & bonds & investments 82 47 100 35 14,508 48,o6o 11,597 41,801 25,834 14,846 20,583 17,255 1 7 ,3 0 2 297,423 3 3 ,870 61,265 37,0 8 5 28,77^ ^ ,9 2 6 15,525 10,433 129,728 16,437 3 9 ,lio 15,456 13,599 50,530 10,692 34,287 50,048 >451,023 57,110 93,730 4 7 ,360 56,736 197,60 77,759 92,291 926 , 294 119 ,0 14 235 ,956 1 2 5 ,7 3 5 \ H 3 , 955\ 3 1 5, 70 46 109 56 88 28,082 61,556 708,459 165,204 105,864 43 ,132 ) 29 ,017 \ 95,512 202^02 1,388,617 201,612 2Z9 ,208 101,822 /45,887 304,6p6 142, 342 607,878 2, 988,372 1*63,636 780,196 2??,384/282,513 A ,211,245 275,601 73,071 658,371 69,615 91,096 35,491 29,889' 170,56s 39,341 22,712 117,527 16,062 29,988 15>976 13,275 66,163 9,559 742,420 4,899,83s 664,273 209,961 333,351 253,703 1,318,792-330,120 111.,*405 348,7% 21,783 296,600 93,049 116,224 456,362 101,004 46,580 .236,675 32,213 44,935 12,297 15,013 56,101 17,701 16,479 507,137 143,96s 92,814 66,076 57,727 115,^5 24,656 St.^Sib San Frail Total 76 43 56 773 269,252 7,120 14,320 18,723 34,605 636,140 10,731 22,635 20,23s 44,306 319,282 5,087 10,919 6,373 10,858 31,o4i 39,269 56,539 1,154,375 55,265" 27,399 8 3,30£\l4b,3b9 273797049 12,961 18,012 6,854 26,075 1 , 301,334 31,652 71,851 25,027 A o?, 212 2,912.458 243,231 440,353 lg,55f6oi,7» 8,359,69 jf 24,350 46,210 22,692 63.6SO 1,324,374 2,575 14,813 9,741 21,129 345i520 262,45s 462,670 194,344 51S,305~-1Q,790,239 56,466 79,130 30,552 208,583 1,519#905 13,666 25,494 13»1^5 9 , 69^ 523, 5^ 10,680 33,153 16,567 30,927 1,121,709 35 Reserve balances with F.R.bank Cash in vault Net demand deposits Time deposits Government deposits Bills payable with F.R, bank Bills rediscounted with ka^^52_»3^0_____________ _________ _________ __________ __________ 5 ^ 1 ? ^ _______________i t i ! _ .S l Z i L - h ! 5 Z — ____ 3. Comparative data for batiks in Federal Reserve bank and branch cities and all other reporting Danks. All F.R,Bank cities F.R.branch cities All other reporting banks Chicago New York Aug- 29---- Aug.22 Aug.29---- Au^-22 Aug.29--- Aug.22 Au.g . 29--—Aug • 22 Aug. 29--- Aug. 22 260 261 171 172 342 342 44 44 70 .71 Noa reporting banks 103,114 103,115 63,177 63,067 102,961 102,777 1,433 1,420 38,363 32,363 U .S . bonds to secure circulation 377,034 332,027 116,757 H 7, 79l 142,349 142,364 15,869 18,424 267,927 268,029 OtEer U.S.bonds including Liberty bonds 133,155 133,405 72,012 72,074 64,111 64,476 24,023 24,440 111,375 U 5 , i 4 l U, S* Victory no M s 751,692 764,214 241,779 254,918 160,904 165,184 113,586 115,892 417,181 428,800 U. S. certificates of indebtedness Total U. S. securities Loans secured by U .S . bonds, etc. 834, 84-6 663,159 250,393 669,272 1 , 269,054 1, 291,741 Loans secured by stocks and bonds All other loans and investments 2,661,690 2 , 635,179 621,602 578,000 Reserve balances with F.R.bank 106,050 110,376 Cash in vault 4,437,636 4,467,039 Ne t demand depo si ts 271,438 261,666 Time deposits 222,531 247,364 ’Government depo sits 425,720 Bills payable with F.R, bank 454,757 Bills rediscounted with F.R. bank 103,071 104,651 ,’^atio of U.S.war securities and war paper 27.2 26.9 to total loans and investments,per cent 154,397 69,010 160,17b 70,^05 231,561 251,331 674,905 660,708 115,526 113,436 37,949 877,521 37,014 255,076 168,625 40,521 163,323 45,020 53,135 57,291 19.7 20.1 9,110 9,765 1 , 414,999 1 ,^37,761 1 , 044,544 1 , 053,324 493,725 134,073 507,250 133,071 470,325 122,717 474^01 121,417 2,176,0232,209,46s 360,749 357»20l 375,636 573,599 5,237,926 5,218,933 1,482,614 1,484,501 1,529,097 1,592,27s 986,965 5 ^ ,3 1 7 172,433 171,129 164,976 166,170 202,726 20.7,513 60,364 52,722 22,430 24,206 7 , 642,031 7,619,822 1 , 480,664 1 , 433,027 1 , 666,744 1 , 686,811 329,05s 821,083 562,174 561,466 528,633 512,227 396,889 438,316 60,427 64,407 66,19s 70,450 193,124 193,219 152,212 146,296 776,313 746,226 207,208 212, 345 , 33,052 32,695 46,568 45,546 25.7 24.1 22. 8- 23-3 19.2 19.3 C_G ir I L r:.- X I A„L Not for publication ” Federal Reserve Bank I * 1 1 Total earnings f EARNINGS, EXPENSES, ANNUAL RATE OF NET EARNINGS TO PAID-IN CAPITAL, ALSO FISCAL AGENT- DEPARTMENT DISBURSEMENTS AND AMOUNTS REIMBURSABLE FOR THE MONTH OF JULY, 1919* 1 1 Excess of 1 1 Current 1earnings over1 Capi cal 1 expenses1 current 1 paid-in f t expenses 1 July 31, i i 1919 Dividend requirements \ per cent per month 1 Dividend *Annual rate 1 Di sbur semen us 1 ana exp en ss 01 U 1 of 1 require fearnings on1 Fiscal Agent ments 1 f capital T Department 1 ? Per cent S t .583 TAmount reimbursable !duiy 31, IS 19 jaccount 1 Fiscal Agent 1 Depar tment di. s”hur sements $ 127,624 Boston $ 631 , 73 s $ 105,782 $ 525,956 $ 6 , 934,600 $34,673 $140,455 89.3 New York 3,064,518 388,537 2 , 675,981 21 , 456,300 107,281 495,818 146.8 Philadelphia 702,684 121,370 581,314 7 , 653,050 38,265 159,635 89.4 97,190 694,567 Cleveland 619,051 98,212 520,239 9 , 258,200 46,291 144,503 66.2 94,181 895,812 Richmond 380,629 47,666 332,963 4,224,150 21,121 68,787 92.8 12,107 37,305 Atlanta 344,191 56,868 287,323 3 , 276,250 16,381 73,249 103.2 69,649 3!4l,70S Chi cag o 1 , 022,299 165,619 856,680 11,673,050 58,365 223,984 86.4 15^,779 1 , 152,194 St. Louis 284,508 73,337 211,171 3,935,550 19,678 93,015 63.2 S4,0S6 431,502 Minneapolis 239,952 37,577 202,375 3 , 022,550 15,113 52,690 7 8.8 60,834 172,323 Kansas City 391,880 81,115 310,765 3,803,500 19.018 100,133 96.2 49,972 387,114 Dallas 255,115 61,574 193,541 3 , 297,400 16,487 78,061 69 .:! 47,523 4?-9,245 San Francisco 575,207 78,314 496,893 4,qSl,900 —-> »•— —......■« 24,910 103 ,224 117.4 105,582 747,149 8,511,772 1,315,971 7,195,801 3 3 , 516,500 417,583 1,733,554 101,4 1,181,100 7,566,230 5 , 698,160 910,959 4,787,201 76 , 441,000 382,205 1,293,164 75*2 1,330,920 6 , 764,153 Total JULY 1919 fp n Cj-- \'rX 0 OClX '!a. 191S FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS SEPTEMBER 8 , 1919* . 277,573 ■ . $ 193,083 2 , 083,828
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