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SIATLLIENT FOR THE PRESS Released for publication Sunday morning, S e p t. 21, 1919; net e a r lie r . St. 601 F e d e ra l Reserve Board September 20, 1$ 13* c o n d itio n o f f e d e r a l r e s e r v e banks Continued liq u id a t io n o f war paper, fo llo w in g the redemption of the tu lle of o u tstan d in g V ic t o r y lo an c e r t i f i c a t e s , and corresponding re d u ctio n s in re se rve and n e t d e p o sits are in d ic a te d in the F e d e ra l Reserve Board’ s w eekly bank statem ent i s sued as a t clo se o f b usiness on September 19, 1919* As a g a in st a re d u c tio n o f lU0v6 m illio n s in the t o t a l h o ld in g s o f war paper the banks show an in c re a s e o f 3 1 * 7 m illio n s in o th e r d is c o u n ts < Acceptances on hand, because o f the g re a te r demand in the open market^ f e l l o ffS# 2 m illio n s , w h ile hold ings o f Tre a su ry c e r t i f ic a t e s d e c lin e d I S . 7 m i l li o n s . a decrease o f 135<3 m i l li o n s . Aggregate e arn in g a ss e ts show T o ta l war paper ho ld in g s o f the Chicago, S t , Lo u is and M inneapolis banks in clu d e 6 l * l m illio n s of b i l l s disco unted fo r o th e r.F * R»banks, w h ile acceptances h e ld ty the Kansas C ity and San F ra n c is c o banks are in c lu s iv e o f . 3S.3 m illio n s purchased from o th er F . R . banks, as a g a in st 1+5*6 m illio n s the week b e fo re . Government d e p o sits show an in cre a se o f 6 m illio n s , as a g a in s t a decrease of 151*^ m illio n s in re se rv e d e p o sits, w h ile the " f lo a t " c a r r ie d by the F» R» banks works out 2S«1+ m illio n s la rg e r than the week b e fo re . No a p p re c ia b le change i s shown in F* R . note c ir c u la t io n , w h ile the banks1 aggregate l i a b i l i t i e s on F . R* bank notes in c ir c u la t io n went up U.U m illio n s * The banks1 gold re s e rv e s , because o f the t r a n s f e r o f gold from the co n tin e n t to the v a u lt s of the Bank o f England, re c e iv e d an a d d itio n of l+5»5 m illio n s , w h ile the amount of gold in t r a n s i t or in custody shows a d e c lin e o f U4#l m illio n s * T o ta l gold re s e rv e s , because o f e xp o rt w ith d ra w a ls, show a n e t in c re a s e o f but 23 «1 m il lio n s , w h ile t o t a l cash re se rv e s in c re a se d 23*6 m i l li o n s . shows a r is e from 50*^ to 52*5 p e r cent» The banks* re se rve r a t io • St. 601a R e le ase d fo r p u b lic a t io n Sunday morning September 21, 1919; ri° t e a r l i e r . STATEMENT OF COMBINED RESOURCES AND L IA B IL IT IE S OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTEMBER 19 , 1919* September 20,1912 September 1 2 , 1919 September 19, I9I9 R E S O U R C E S $367, 660,000 $231, 609,000 $230,047,000 Gold co'in and c e r t i f i c a t e s 4 5 9 .9 9 7 .0 0 0 537,723,000 512,020,000 Gold Settlem en t Fund - F . R . Board 5 229,000 Gold w ith fo re ig n ag en cies 45,479.000 233.426.000 769.332.000 787, 606,000 T o ta l gold h e ld by banks 1 .1 4 5 .9 5 0 .0 0 0 1, 190, 769,000 Gold w ith F e d e ra l R eserve Agents 1, 202,961,000 4 4 .1 2 2 .0 0 0 102. 766.000 Gold Redemption Fund ___ 95*333*000 2. 023. 552.000 $2,062, 267,000 $2,091,966,000 T o t a l gold r e s e rv e s ____ 5 2 .4 21,000 69, 632,000 L e g a l tender n o te s , s i l v e r , e t c . 70,093 ,000 2.0767039.000 2, 138,499,000 2,162,057,000 T o ta l re s e rv e s 1 .1 4 6 .3 5 7 .0 0 0 1 ,5 2 4 ,5 2 1 ,0 0 0 (Secu red by Gov* t . war o b lig a tio n s 1,323, 896,000 513.729.000 B i l l s d iscounted ( A l l other 230 317,000 261,925,000 250.032.000 362,005,000 B i l l 5* bought in open m arket .-msiZt-QQg 1 .910.178.000 2 .1 1 6 .2 4 3 .0 0 0 1 ,999. 69s,.000 T v t a l b i l l s on hand 29.022.000 27.096.000 27.095.000 U . S . G-oysri.cient bonds 192,000 192,000 U» S. V t o r y n o tes *4 1 ,2 7 2 ,0 0 0 341, 655,000 322,926^000 U . S . Ccx t i f l o a t e r of indebtedness _________ 84,000 A l l other e a rn in g a s s e ts 1.921.162.000 2 .4 2 5 .7 2 6 .0 0 0 2, 349/971,000 T o ts 1. sa.TT.ing a s s e ts 13.143 .000 13.146 .000 Bank prem ises 152, 232,000 Gold i n uransifc or in custody in fo re ig n c o u n trie s 114,132,000 654.843.000 1.031. 292.000 273 ,066,000 1. 139. 260.000 U-'col'.lnoted i lems and other d eductions from gross d e p o sits 1 , 025, 1?P,OOP 2 112,000 11.343 .000 11.229.000 5yt Hedeuvcicu f.u id a g a in s t F * R . bank notes 12.610,000 11.007 .000 10. 226.000 A l l •:>th ar re so u rc e s 4. 726.766.000 5, 691,076,000 5. 626. 609.000 T01A;* lutoi;* L I A B I L I T I E S 72,629,000 25.140.000 25, 202,000 C a p ita l p a id in 1 ,1 3 4 ,0 0 0 21.027.000 81,027,000 S u rp lu s 16 9 .1 4 1 .0 0 0 33, 534,000 72,134,000 Government d e p o sits 1 .5 2 4 .5 2 8 .0 0 0 1, 202, 791,000 Due to members - R eserve account 1 ,6 5 1 ,4 2 6 ,0 0 0 490 .26 5.00 0 679.043.000 202, 715,000 D e fe rre d a v a i l a b i l i t y item s .1 0 0 ,1 7 3 ,0 0 0 134. 096.000 Other d e p o sits , in c lu d in g fo r e ig n government c r e d it s 106.299.000 2 .2 2 4 .1 0 7 .0 0 0 2 .6 4 9 .5 1 4 .0 0 0 2 .6 3 9 .1 7 4 .0 0 0 T o t a l gross d e p o sits 2. 295.031.000 2. 621. 228.000 2. 621. 252.000 F . R . notes in a c tu a l c ir c u la t io n 33, 202,000 228,169,000 232,59^,000 F . R . bank notes in c ir c u la t io n - n e t l i a b i l i t y 25,932,000 ___ 34, 597,000 ____2 7 .222 .000 A l l other l i a b i l i t i e s 5 , 691,076,000 4 , 726, 766,000 5 , 626, 609,000 TOTAL L IA B IL IT IE S R a t io of t o t a l re s e rv e s to n et d ep o sit and F . R . note 50.Mfa 52. 5fo 5 2 ,^ * I n c ludLe s one -ye a r l i a b i l i t i e s combined T re a su ry n o te s . R a tio of gold r e s e rv e s to F . R . n o tes in c ir c u la t io n 62.5 fo 60,0^ 65. 6# a f t e r s e ttin g a s id e 35$ a g a in s t n e t d ep osit l i a b i l i t i e s , , * £ Released for p u b lic a tio n Sunday morning, September 21, 1919; not e arlie r* .... ,....... WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTEMBER 19, 1313RESOURCES ( i n thousands o f d o l l a r s .) _ ^ _. c Boston Sew Y o rk P h ila . Cleve 1 , Pdcinu A t la n t a Chicago S t- L o u is Minn. ivans-Cy. Lal-waS an i*ra n . •S S 3, p * Gold w ith Federal Reserve Agents • u s w s s t IeST0 aL t i“ e S ^ s teS,SilVer’et0‘ 7 0 ,7 0 6 289 , 256 a & v l'.lfs 6? a 7 1 ,2 1 8 1 3 8 ,1 2 1 a ^ § :? B9 s ^ I ; g 4 : § 3 2 , 64o g 'S . l g a a . S g 75,3^ ^ , 3$ 4 ; | 3 1 7 , 503 ^ J 09 :g S J ^ 3 6 ,1 2 5 3 5 ,6 7 9 1 7 , g S 110.427 < 3 g » j f - * g * » § - eslln ^S? 78,090 80>5 3 » S g 69.7W 3T> n m i xo a % - ite.760 'f a a ia t ^ B i l l s discounted: 3 • £ r ~ twar u ? :^ ■ B1S stal s s f c n ^ r market <b)i6^ ^ U- t Government bonds U , S . Victory notes U ,S .C e r t i f i c a t e s o f in aeo teaness Total earning assets Bank premises Gold in transit or in custom i n foreign countries U ncollected items and other deductions frcm gross deposits 5$ Redemption fund against F,Rbank notes All other resources „ TOTAL iffiSOOECES (a) £ 3 T J I | 7 J r « r .| 539 _ cJL. 4jO 190,058 2,089 1,257 ^ 1 , 385 ' ^ 1 ,0 9 3 ^ 1 , 23* ^ ^ ^ 5 4 , 47 7 ^ ^ 1 ,1 5 4 ^ ^ O* Di l. JLUfUUU --•u.ry.T734,206 225,622 133,231 108,797 116,965 261,114 109,182 2,936 691 444 3,994 500 875 m xyo, / CD <o,DO^ - - 91,278 232,490 86,382 90,196 S6,093 1,072 1,132 1,350 93S ____ § H 428 665 - 375 114,138 2, 527 260 ... . 1*122 - 116 ^ ^ 8 , 2 2 4 _____ 3 2 2 , 95.6 86,s4i 50,311 54,488 1 , 025.122 500 811- 11,289 10.886 156,060 367, 5*1 5,686,609 19,392 670 310 * 513. 5.65... 7 .2 0 0 114,138 62, 227 1.612 . i ? .6 0 9 - 44, 193120,631 240 - 892 473 ...552 ___165 >*16,056 1,764,699 1* 1,653 l*97, 1tll 271,73 227,782 1*7,597 253,S00 167,769 2 7 ^ Includes b il l s discounted for other F»R* banks, v i z . , - - - - - ... _ * 5 ,0 0 0 2 7 ,0 9 5 - - 1,297 2 ,6 3 2 •2,349/fl 13,14b - 63 s 3 ,9 6 6 69,464 116,053 66,699 l6 S,5S0 4oo 402 3 4o - ~ u g .g 8 ,8 6 7 1 5 ,0 0 0 _ 6l 10J - (b) Includes b an kersf acceptances bought from other F .S ,b a n k s : Without their endorsement , _ ~ ~ ' r7 * Includes Government overdraft of $3 8 6 ,0 0 0 l g l 70 - 2 0 ,0 8 0 3 8 ,2 5 0 Released, fo r p u b lic a t io n Sunday m orning, September 21, 1919; not e a r l i e r . St,601c WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS AT CLOSE OF BUSINESS SEPTEMBER 19, 1919* (In thousands of dollars-) L I A B I L I T I E S Boston New York P h ila . C le v e l. Richm . A t la n ta Chicago S t .L o u is Minn. K a n s .C y . D a lla s San F ra n . T o ta l C a p ita l p a id - in 7,034 22,060 7, 757 9 ,3 7 3 M 32 3 ,3 ^ 12,082 4,010 3,030 3 ,9 0 4 3 ,3 2 1 5,021 85,208 S u rp lu s '5 ,2 0 7 32,922 5 ,3 H 5,SoO 3 ,200 2,505 9,710 2,po9 2,320 3,957 2,029 i+>577 81,087 Government d e p o sits 1.1,384 169 4 , SOS 22,540 3,551 7 , 237 1*3 82 3,9^0 5,375 12,469 5,239 78,13*+ Due to m em bers-Reserve account 100,136 646,592 100,973 122,114 54,104 4 6 ,728 238,673 62,466 54 ,269 82,742 4 2 ,6 5 2 99,977 1 ,6 5 1 ,4 2 6 D e fe rred a v a i l a b i l i t y item s 57,212 208,935 75,950 7 5 A&7 S0.250 3 3 ,014 87,755 50,092 16,586 6l , O l 6 31,961 24,777 802,71-5 Other d e p o sits in c lu d in g , foreign government credits 5»850____ 49.203 7.341 6,476 3*780 3.047 10,993___ 30.4_____ ^Jjll__ J >,, ___ 2,333 6,681 106,599 T o ta l gross d e p o sits F.R.notes in actual circulation F„R.bank notes in circulation net liability All other liabilities TOTAL LIABILITIES 17^,582 904,S99 189,072 205,735 7^7,239 211,378 233,862 111,736 117,963 447,173 109,030 21,316 48,197 2,182_____9.382 226,297 141,685 90,026 338,803 120,842 73,766 153,m 26,051 20,083 2,084 1,936 , - r r r r 80,507 ' 9,036 12,492 36,806 16,263 1,264 1,112 3,023 94,683 89, 417136 , 6742 , 639,174 51,223 210,729 2,621,258 7,362 17,393 1,060_____ 764 9,150 1,440_____ 9^0 8,425 232,594 2,115____ 27, <~SS 4l6,056 1,764,699 441,653 497,411 271,753 227,782 847,597 253,800 167,769 274,488 156,000 367 , 5^1 5, 606,609 MEMORANDA Contingent liability as endorser on Discounted paper rediscounted with other F«R. banks - 23,627 - — 33,000 8,000 - - - - 9,500 - ,2 7 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F. R. notes outstanding F.R. notes held by barfc F .R .n o te s in a c tu a l c ir c u la t io n 215,993 10,258 S43,197 226,226 247,5S9 117,^ 6 121,5^9 476.277 128,874 95,958 14,848 13,727 5.&70 3,586 29,104 19,844 82,111 100,936 1,604 6,253 53,693 237,771 2,470 27,042 205,735 7^7,239 211,378 233,862 111,736 117,963 447,173 109,030 80,507 51,223 210,729 2,621,258 94,683 2»S51,622 qQ,3o4 DISTRIBUTION OF BILLS AND U„S„CERTIFICATES OF INDEBTEDNESS BY MATURITIES. Bills discounted Bills bought in open market U,Sa certificates of indebtedness Within 15 days 1,317,455 101,631 89,703 l6 to 3C days 68,299 104,085 9,000 31 60 days 190,393 102,724 19,706 ol to 9C days 52,922 44,584 23,972 Ovor 90 days 6,512 793 180,605 Total 1,645,881 353,817 322,98b Released for publication Sunday morning September 21, 1919; not earlier. St.601d STATEMENT OF FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS SEPTEMBER 19. 1919* (In thousands of dollars) Boston New York Phila. Clevel. ^eceive^fr^COTptroller Returned to Ccs^troiler Chargeable to F. R. Agent In hands of F. R. Agent Richm. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total 397,800 1, 769,360 450,780 410,530 246,6^0 251,000 729,680 240,200 138,380 180,320 109,200 336,340 5 , 260,280 148.707 795,163 197,774 134,311 105,126 249,093 974,197 253,006 276,269 i4i,5i4 180,358 517,277 151,744 94,391 111,676 68,368 243,971 3,261,864 131,000 14,675 33,100 26,780 28,680 24,108 70,642 212,403 58,809 4l,000 88,456 22,870 43,989 12,280 68,644, 40,832 10,7^0 92,3 6 9 1 ,998,416 6,200 410,242 Issued to F. R. bank less amount ^ e ^ S o n ° F' E" A66nt f0r 215,993 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and certificates on hand 8^3,197 226,226 2*^7,589 117,Uo6 121, 5^9 1*76,277 128, S7U 82,111 100,936 53,693237, 7 7 1 2 .851,622 183,740 2,500 35,125 245,408 8,831 2,160 13,052 8, 67s 2,619 1,333 2,319 3,163 16,183 101,921 5,184 94,244 861,632 - Gold redeijption fund 20,706 15,516 13,329 12,996 1,640 Gold Settlement Fund- F.R.Board 50,000 90,000 57,889 90,000 31,000 36,400 308,825 42,930 21,800 33,360 145,287 553,941 155,008 109,468 84,766 79.210 15s .774 81,165 45,926 65,257 36.515 127,344 1,642,661 215,993 843,197 226,226 247,589 117,4o6 121,549 476,277 128,874 82, ill 100,936 53,693 237,771 2, 851,622 168,074 601,560 155,373 157,037 53,898 55, 533144, 5 8 2 1 , 913,595 Total ^D^IVERED TO F. R. AGENT 93,672 3,439 83,470 214,933 90,886 94,577 STaTS/EKT for the press Released for publication Monday morning, Sept, 22, I919; not earlier* CONDITION OF MELIBER BANKS St» 602 Federal Reserve Board September 20, 1919' Large reductions in the holdings of Treasury certificates, apparently of the two last series issued in anticipation of the Victory loan, accompanied by correspond ing declines in Government deposits are indicated by the Federal Reserve Boardls weekly statement showing condition on September 12 of 774 member banks in leading cities, Of the total decline for the week of 231 millions in U* S* securities held 222.6 millions represent the decline in Treasury certificates, 4*6 millions - the decline in U. S. bonds and 3*9 millions - the decline in Victory notes* War paper on hand went up 15«1 millions, while loans secured by stocks and bonds show an in crease of 56»0 millions, of which 25»'4 millions represent the increase for the mem ber banks in New York City* Other loans and investments increased 72*1 millions, all classes of banks sharing in this increase, Aggregate holdings of United States war securities and war paper decreased frcm 3 , 5S2 to 3*365*9 millions and constitute 22*2 per cent of the total loans and in vestments of all reporting banks, as against 23*5 psr cent the week before. For the New York City banks a decline in this ratio from 27*6 to 26*3 per cent is noted* As against a decline of 1S1.1 millions in Government deposits the report shows increases of 319 millions in other demand deposits, and of 6»9 millions in time de posits. Reserve balances accordingly show an increaso of 4l*4 millions. Accommo dation by the F» R« banks as measured ty the aggregate of collateral notes and cus tomers* paper discounted for reporting banks shows a net decrease for the week of 95*7 millions* Of the total discounts held on September 12 by the F, R4 banks the amount held for reporting banks was about 77 Per cent, as against 72 per cent the week before» St.602a R e le a se d fo r p u b lic a t io n Monday morning September 22, 1919; not e a r l i e r . STATEMENT SHOWING PRINCIPAL RESOURCE AND L IA B IL IT Y ITEMS OF MEMBER BANKS IN LEADING C IT IE S * 1. Comparative d ata fo r a l l re p o rtin g banks._______________ ____________ ( I n thousands of d o l la r s .) S e p t. 12, 1919 Number of re p o rtin g banks 774 S e p t. 5 , 1919 774 June 13, 1919 771 March 14, ; 772 U„ S- "bonds to secure c ir c u la t io n — 269,551 269,393 268,566 265,735 Other U . S , bonds in c lu d in g L ib e r t y bonds 632,065 636, 801+ 636,292 676,095 312, 62s 316, 1+89 424,665 1 , 111,850 1,334,4i6 1,422,736 2,241,182 2, 326,09If 2,557,102 2,752,259 3, 183,012 1,309,370 1,294,285 1,400,052 1, 118,067 Lo^ig secured by sto c k s and bonds other than U , S . s e c u r it ie s - - - 3,013,107 10, 789,472 10, 201,362 A l l Cuher loan s and in vestm en ts 8, 1+96,625 2,957, 11+1 ) ) 8,1+24,631+ ) 1,333,1+31 1, 31+2,058 1,257,523 1, 298,290 368, 6^+9 365,330 374,1+50 348,Sl4 Net demand d e p o sits - - - - - - - - - - - - - - - - - - - - - - - - 11, 220,961 10,901,999 10, 587,030 10,311,^35 Time d e p o sits - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,928, 1+72 1,921,5*6 1,729,575 1.668,533 505,296 686,443 945,738 670,239 1, 037, i4s 1,147,401 1, 119,496 1,175,463 312, 1+1+9 297,805 274,137 290,087 23.5 26.0 27.7 V ic to ry n o tes - - - - - - - - - - - U , S . Certa-'-j :.-:.n,ts s of indebtedness - - T o ta l U* S, s e c u r it ie s - - - -- - - Loans secured by U . S . bonds, e t c . - R eserve b alan ce s w ith F . R . bank Cash in v a u lt - - - - - - - - - -- -- - - - - - - - - - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ -- -- -- - - -- -- -- - - - - Government d e p o sits B i l l s payable w ith F e d e ra l R eserve bank B i l l s re d isco u n te d w ith F e d e ra l Reserve bank _ _ _ _ _ _ _ _ _ _ _ R a t io of U . S . war s e c u r it ie s and war paper to t o t a l lo an s and in ve stm e n ts, p e r cent - - - - - - - - - - - - - - - - - - - - - 22.2 - St.602b Released, for publication Monday morning, September 22, 1919* not earlier. STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN LEADING CITIES. 2. Data for all reporting banks in each district, as at close of business September 12, 1919- (I*1 thousands of dollars.) Boston New York Phila. Clevel. Richm . Atlanta Chicago St.Louis Minn. Kans.Cy Dallas San Fran Total 56 76 43 77^ 56 1+7 100 35 No. reporting banks 46 S3 110 35 82 34,605 U.S.bonds to secure circulation 11+, 60S 7,120 14,327 18,923 269,551 4s, 060 11,597 1+1,791 25,821 14,847 20,698 17,154 632,065 Other U.S.incl. Liberty bonds 16,900 28,8^8 47,867 14,920 11,118 22,975 20,320 42,650 292,237 32,239 63,535 38,1466 U. S. Victory notes 9,774 312, 62s 6,078 12,133 5,203 10,547 126,344 16,949 _36,960 ...................... . _ 13,195 49,863 9,855 15,727 U,S,certificates of indebtedness _§ 2,512 1+60,232 43,895 S9.S31+ 29,967 6l.5l4 l6S,915 31.1+73 29,232 45,042 36,146 63,03s 1, 111,850 SO,592 150 , ,§40 2, 326,094 T o ta l u . s . s e c u r it ie s “ 93 , 75 ft’ .. .9 2 6 ,g?3_ Io 4 ;6 8 0 ~ ^ 2 ,T 2 6 “ i0 9 , p i " l l g j j p 2 g 7 3 4 J ~ 7 3 ,402..... 55,55^ 9 W 19,960 7,779 23,663 1,309,370 Loans secured by U.S.bonds,etc. 60,857 704,296 171,600 108,21+7 1+1,595 28,977 101,391 28,135 12,870 Loans secured by stocks & bonds 213,065 1,1+17,503 202,791 294,017 103,855 45,449 350,065 137»824 33,ll6 75,438 30,225 109,759 3,013,107 All other loans & investments 629,814 3,095,933 465,067 780,009 311.1U 294,512 1,177,584 277,072 254,984 441,701 163,636 605,262 8, 496,685 78,631 701,450 69,716 89,08436,3^ 31,388 180,342 41,022 25,374 46,023 21,396 62,715 1, 333,481 Reserve balances with F.R.barik 68,449 9,864 3,783 14,986 10,506 21,064 368,649 Cash in vault 25,195 125,040 22,362 31,?4i 16,796 14,363 Net demand deposits 774,9025, 166,362 681,626 828,171 341,117 260,029 1,374,301 325,379 268,393 467,612 192,565 540,6o4 11, 220,961 Time deposits 108,219 359.513 21,949 297,212 92,275 117,084 451,616 101, 51^5 56,792 80,701 30,660 210,906 1 ,928,472 54,266 15,822 13,004 20,068 24,766 4,728 505,296 Government deposits 51,839 211,737 30,587 43,599 12,594 22,286 80,637 31,680 16,764 43,337 13,005 36,234 1, 037, 14s Bills payable with F H.bank 14,803 461,141 132,510 89,029 56,7151 61,193 Bills redistountedwithF.R.barik 62,697 127,348 21,946 14,189 17, 019. 11,583 19.752 16,371 513 10,057 2,805 8,169 312,449 3. Comparative data for banks in Federal Reserve bank and branch cities and all other reporting banks. All other New York Chicago All F.R.bank cities ' F.R.branch cities reporting banks Sept. 12-- Sept.5 Sept*12-- SeptJp Sept«12-Sept. 5 Sept.12-Sept.^ Sept ^ 2 — S e p t ^ 172 172 260 260 70 44 44 70 No. reporting banks 63,082 103,000 102,998 38,363 1,438 1,419 103,432 U.S. bonds to secure circulation 38,363 142,971 144,100 376,026 117,807 266,491 16,094 15,717 369,606 260,869 Other U.S.bonds including Liberty bonds 118,359 71,067 63,012 65,206 132,410 106,904 70,343 111,733 23,691 23,302 176,579 U. S. Victory notes 163,574 184,525 220,532 882,738 489,127 96,232 114,704 727.744 267,153 U. S. certificates of indebtedness 475,380 ^830,463 W r 1,544,487 905,714 472,853 519,109 Total U. S. securities 137,505 155, 1^2 124,063 120,501 1, 037,861 662,922 660,934 66,244 134,345 135,923 Loans secured by U.S. bonds, etc. 73,353 363,937 372,145 1, 291,036 1, 265,636 378,307 2,212,989 273,392 272,265 375,165 Loans secured by stocks and bonds 634,447 643,727 5. 311,096 1, 508,926 1, 493, 40s 1, 630,563 1, 615,130 2,739,423 2, 706,958 All other loans and investments 162,187 16s, 229 122,690 123,983 1,037,725 1,007, 19s 663,05s 629,761 172,673 177,527 Reserve balances with F.R. bank, 87,408 62, 688 214,688 63,234 91,716 214,245 3S,6o4 111,425 111,898 Cash in vault 38,739 902,202 872,012 7,977.321 7,721,388 1, 532,949 1, 502,330 1, 710,691 l,b7S,281 4, 728,369 4, 545,032 Net demand deposits 830, 60s 571,^61 523,338 567,603 833,080 274,895 270,999 169,309 163,904 523,931 Time deposits 64,622 508,108 71,482 85,706 33,404 196,605 274,343 92,629 47,640 369,192 Government deposits 148,185 153, 65s 407,374 458,481 1 + 0,067 813.477 153,475 60,473 725,015 185,739 Bills payable with F, R% bank 34, 36s 48,405 216,815 224, 79O 39,254 46,622 11,667 112,163 122,764 12,155 Bills rediscounted with F. R. bank Ratio of U.S«war securities and war paper . to total loans and investments, per cent 24.5 21.9 19-0 IS.7 19 .6 26.3 27.6 23.1 23.5 19.3 GOLD RECEIPTS SSD DISBURSEMENTS OF EACH FEDERAL RESERVE BAtK. K*™ *' ttm: ffiLlIi:G AUGUST 29, (FIgnres do not include gold received from or paid to another Federal Reserve t>ank.{ ( In thousands of d o l l a r s .) _______ ___________ _—_ —------- -----------------___ — r e c e i p t "C re d its to d ep osit accounts 1 _In exchangej fo r -F .R . n o tes 1 U.S.Governm ent’ Member ' ‘ A l l other Other banks, From From U . S . * General account1 banks ' T o ta l 1 r.'» S . » T o ta l Government 44 277 100 133 kkk 6,732 1,732 5,000 121 84 36 1 136 136 1 3 2 1^7 1^7 26 93 67 5,031 5,000 31 4 2 2 131 131 2,212 2 ,212 1 150 150 — 37 7 30 1 63 63 2k 28 2S 15 12 3 51 51 22 22 S5 85 1SI 121 33 32 470 10,000 12,735 2,735 2, SI 7 151 353 2,313 C O H F T B E N T I A L Not for publication Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapoli s Kansas City Dallas San Francisco Total for System D I S B U R S E M E N T S In exchange fo r F .R . notes U .S . i To U , S , ' To 1 Other banks, Government • Government 1 members 1in d iv id u a ls ,e t c . 1 T o ta l— 99 99 1,553 26 1,527 751 751 559 559 Boston New York Philadelphia Cleveland 710 Richmond 2,279 Atlanta 231 Chicago 105 St, Louis 11 78 Minneapolis 108 Kansas City 44 Dallas 31 San Francisco L T o ta l for_System JL "71 fe ’ 150 Excess receipts 4,209 Excess payments FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS; SEPTEMBER 22. 710 2.279 231 105 25 4i 10,000 St . 600 T o ta l R e c e ip ts 277 7,297 139 240 5,035 2,3*6 188 64 67 73 85 214 16,022 I > sit accounts • f t A l l o th e r ‘ Member * N, S. banks ♦T o ta l * 20 20 98 7,127 7,127 150 12 12 200 — 6 6 48 4S - S3 log 44 3ft 67|5o_ 1919* _ J t ? I?. _ 4,544 - 53^ 25 4i 7,279 5,456 - 20 84 7,95^ 9,040 8,570 T o ta l Disbursem ents 119 8,772 913 759 716 2,327 231 639 oQ 128 153 SaG27 ________ 22,SJ9 (a ) 6,057 3,7^3 (a ) D iffe re n c e between t h is amount and n e t lo s s a s shown by w eekly statem ent of .fi m Afv du.e to la c k o f sy n c h ro n iza tio n of e n t r ie s effect in s t.ra: g o w f I S t , 606 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 September 19, 1919 FEDERAL RESERVE BANKS. d e n t i a l Not for publication Ratio of total reserves to net deposit and F.R. note liabilities combined Sept. 12-- Sept. 19 Ratio of gold reserves to F.R, notes in actual circulation after setting aside 35$ against net deposit liabilities _______ Sept. 12--Sept* 19 ___________ Ratio of gold and lawful money reserves to net deposits Sept,12-- Sept«-19 Ratio of gold reserves to F. R„ notes in actual circulation Sept.12-- Sept* 19 51.6 45.3 60.3 49.5 69.9 53*6 42,1 42.0 Boston New York 47*0 51.6 56.9 64.1 53*4 64.5 41.8 42.1 Philadelphia 40.7 40.4 1+3.5 1+3.0 40.5 39-3 40.9 40.9 Cleveland 59*6 59.8 72.9 7I+.2 60.5 60.3 59 .x 59‘ 5 Ri chmond 44.5 1+5.0 1+9.4 50.0 60.1 64.8 36.3 35.2 Atlanta 1+0.5 39-S 42.7 41. 7 40.4 38.4 4o.6 40.4 Chicago 62.6 69.1 78. 1+ 85.8 46.9 60.5 71*5 73.4 St, Louis Us. 3 4s »o 55*5 55*0 34.1 47*7 56.0 48.1 55.2 57.9 68.1 73*4 75.3 72.5 42.3 4s>o Minneapolis Kansas City 39. S 43.3 1+2.9 49.2 26.7 44.6 48.5 42.5 41.8 1+1.5 47-7 46.4 42-2 42.9 41.4 40.4 Dallas 51.4 48.7 5S.5 54.1 55.0 38,6 49-7 52>7 San Francisco 50.4 52.5 60.0 62.5 51.8 57-2 49. 6 49 *8 TOTAL FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS SEPTEMBER 23, 19*9 C O II F I D E N T I A L wot for publication RATIO OF "FLOAT" OF EACH FEDERAL RESERVE BAHK TO IMMEDIATELY AVAILABLE DEPOSITS. (In thousands of dollars.) Federal Reserve Bank 1 "FLOAT" ’ "Float" after adding net debit t i * Ratio to ’ or deducting net credit in Uncollected* Deferred 1 Saturday*s settlement ’ immediately' r items 1availabilityr r Ratio to immediately i t items f Amount ' available 1 i t i ' deposits 1 Amount 1 available deposits Per cent Per cent - St.607 September 19, 1919* 1 "Float" after deducting National and F.R. bank notes , also net investment in * transfers from second calculation 1 1 Ratio to immediately 1 available deposits 1 Amount 1 Per cent 15,267 13.0 65,761 10.0 5-9 6,660 5-9 9,200 6.1 8,368 5»5 9*5 (a) 5,865 - (a)5,9Sl - 11,179 19-6 5,525 9-7 4,782 8.4 87,755 32,876 13.1 ' 3^387 13.7 ; 30,005 12.0 62,227 50,092 12,135 17*2 12,450 17.6 11,ISO 15.8 Minneapolis 19.392 16,586 2,806 4.9 3,258 5.7 2,272 4.0 Kansas City 86,s4i 61,016 25,825 28.0 25,480 27*7 10,467 11.4 Dallas 50,311 31,961 18,350 31.9 17,720 30.8 1^,931 26.0 . 54,488 24,777 29,711 26.6 26,384 23.6 17,798 ... 15-2__ 1,023,346 802,715 220,631 12.0 220,631 12.0 185,510 10.1 91,87s 57,212 34,666 29.5 15,671 13.4 230,714 205,535 21,779 3*1 69,761 10.0 Philadelphia 86,382 75*950 10,432 9.2 6, 66o Cleveland 90,196 75,167 15,029 9-9 Richmond 86,093 80,250 5,843 Atlanta 44,193 33,014 Chicago 120,631 Sta Louis Boston Hew York San Francisco TOTAL FEDERAL RESERVE BOARD DIVISION OF REPORTS AMD STATISTICS SEPTEMBER 25, 3-919 . . . _ ... COMPOSITION OF UNCOLLECTED ITEMS AND DEFERRED AVAILABILITY ITEMS. C 0 I! F I D E II T I A L Not f ear •pu'blication Bank (In thousands of dollars.) UNCOLLECTED ITEMS » »Checks’National Bank’ 1 * 1 1 and 1 notes and • * ' •Clearing ’ other 'bank notes of'Transfers' All other * t house 1 cash 1 other 1 bought 'uncollected’ *Exchanges1items 1 F. R. banks '__________ ' i terns 1 Total Sc^ouja September 19, DEFERRED AVAILABILITY t t f 1 1 I Gold ' Transfers • Government1 ' transit 1 sold Settlement 1 ' items ' Suspense * 1919 ITEMS 1 1 Other 1 transit 1 Total items * 38,007 - 57,212 S6,567 91,272 19,205 - 12,133 1S5,63S 230,71^ 116,055 - - 92,880 208,935 5.593 2,116 7*3,673 86,322 24,301 - 6,675 44,974 75,95C Cleveland 6, 32s 37 637 22,999 90,196 21,728 - 2,352 45,081 75,167 Richmond 3,353 151 116 22, 473 26,093 19,114 - 14,739 46,397 80,250 Atlanta 3,297 311 7^3 39,242 44,193 5,562 - 2,845 24,6C1 33,614 Chicago 11,186 4,881 26 32,943 Philadelphia Boston New York 4o4 195 422 ^710 104,313 120,631 56,103 750 - 50,902 27,755 300 371 27,777 50,092 2,129 9,191 16,526 4-6,584 61,016 21,073 3 ' ,361 St. Louis 2,039 196 550 1,020 58,422 62,227 21,644 Minneapolis 2,054 16 30 956 16,336 19,392 5,266 - Kansas City 1,922 507 -379 14,634 69,399 86,841 14,432 - Dallas 1,112 ill 119 2,677 46,292 50,311 10,881 7 San Francisco 3,629 71 242 S,345 42,201 54.488 7.912 1 72,337 15,675 3,642 32,537 693,155 1,923,346 302^269 1,05s TOTAL FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS SEPTEMBER 24, 1919 . - - .... 1^39-6 ______ 74,520 15 424. S6S 802,/IS FEDERAL RESERVE BOARD GOLD S E T T L E M E N T FUND Summary of tra n s a c tio n s f o r week ending Seytember 25, 1919* ( I n thousands o f d o lla r s ) B alan ce ^ggT^gate Settlem ents from Aggregate F e d e ra l la s t Gold Gold w ith d ra w a ls d e p o sits & September 25, 1919. T R A N J3 F E R S Reserve de statem ent w ith & t r a n s f e r s tr a n s f e r s Bank o f from Net :■ T o ta l Sep t. 18 draw als p o s it s to /.g e n t's 1919 Fond Agent’ s Fund D e b its C re d its D e b its : D e b its Bos ton 34,610 46,474 : 110,568 New York 201,160 20,000 10.000 20,000 10,000 16,800 565,566 147,953 184,400 : P h ila d e lp h ia 35.483 7,630 22,838 : 146,018 9,500 7,630 14,541 C levelan d 49,185 : 111,954 35,779 539 539 Richmond 80 80 50,660 2^,000 : * 144,197 37,617 5 5 .A tlan ta 5,734 100 1,619 3,300 11,220 16,980 1,619 50,396 Chicago 80,741 228 16,095 228 54,623 : 188,216 61 ,533 15 S t. L o u is 14,3.86 509 2,900 4,509 5,000 7,900 1,839 : 115,348 4,593 26,659 ■ M inneapolis 15,000 15,915 : 31,475 10,627 ix&n s as Ci ty 19,630 10,278 110 44 110 kk : 80,4-50 D a lla s 901 1 l 15,500 151 : 52,548 7,377 20,377 San F ra n c !se e 2,500 14,000 500 7,500 : 3S.U08 9 ,8 5 1 8,559 522,233 42,041 To fcal [186,239 ; 1 ,6 3 4 ,7 4 4 61,920 23,390 23 , 0^1 305,375 305,375 < Federal, Reserve Agent a t Boston New York P h ila d e lp h ia C le ve lan d Richmond }tt la n t a Chicago S t . L o u is M inneapolis Kansas C it y D a lla s San Francisco T o ta l F .3 D E I1 1 1 R E S E R V E A G E N T S' F U N D B alan ce D ep so its W ithdraw als la s t Gold Gold fo r through *To t a l -- w ith d e p o sits t r a n s fe r s statem ent wi th t r a n s fe r s Sept. 18. draw als to bank from bank araw als A9.J-S_.__'__ 50,000 90.000 ~ 57,889 5,000 9,500 5 ,oco 90,000 51.000 2.000 2,000 36,200 1,700 3,200 1.700 4,000 16,080 4,000 297,705 2,000 5,000 4,000 7,000 42,931 21,800 3,000 3,000 2,000 33,360 2,000 4 ,6 8 4 750 5,000 i4 io o o 14,000 _ 3 4 ,2 4 4 _ 19 ,.700 19*000 849*813 ■ -iS a Q Q :_ To ted d e p o sits - 9,500 ~ 3,200 16,080 4,000 - 750 5,000 — j.52Q__ Balan ce a t c lo se of b u sin e ss Sep t. 25 , 1919 50,000 90,000 62,389 90,000 29,000 37,700 309,785 39.931 18,800 31,360 5,434 85,244 _S42L6 42 ____ X -l6 8 5 CONFIDENTIAL Balance in September 19 to Fund a t both in c lu s iv e c lo se o f b u sin e ss T o ta l : Net C re d its : C re d its .sept_*25,.1319__ 43,232 16 5 ,6 6 4 : 55,096 381 , 166: 137,913 156 , 052: 10,034 35,350 152 ,40 4: 40,450 54,395 1 60 ,60 9: 16,412 28,444 52, 737 : . 2,341 12,154 82,452 2 12 ,70 4: 24,488 16,145 1 1 3 ,5 0 9 : 3 3 ,9 2 1 : 2,446 28,190 24,269 8 5 ,5 0 4 : 5,054 5,978 56, 926: 4,378 33,832 6 3 ,5 4 8 : 25,540 1 , 634, 744 : 186,239 502,354 Summary of changes in ownership o f gold by banks through tra n s f e r s and se ttle m e n ts Decrease - 53,247 9,248 - 1,432 - 499 In cre a se 8,622 1,737 4,671 — 8,101 17,572 — 1,531 4 ,7 0 5 17,481 64,426 Gh1b2G C O N F I D E N T I A L Not for publication Boston New York P h i 1 ade lp h i a C le ve lan d Richmond Atlanta Chicago S t . L o u is M inneapolis Kansas C it y D a lla s San F ra n c is c o .T o ta l_ fo r_ S fs te m _ Boston New York P h i lade lp h i a C levelan d Richmond A t la n ta Chicago St* L o u is M inneapolis Kansas C it y D a lla s San F ra n c is c o T o ta l fo r System E xcess r e c e ip t s E x ce ss payments GOLD RECEIPTS AND DISBURSEMENTS OE EACH FEDERAL RES2BYE BANK DURING WEEK ENDING SEPTiJtBER 5, 1919. st. 609 (F ig u re s do not in clud e f o ld re c e iv e d from or p a id to another F e d e ra l R eserve B a n k .) ( I n thousands of d o lla rs - .) R E C E I P T S C re d its t o deposit accounts 1 . _________ In exchange fo r F .R * notes T o ta l ' A l l other U .S . Government' Member ' From U. S . 1 From ' Other banks, * R e c e ip ts T o ta l 1 N. S . » G e n 'l. Account' banks 1 T o ta l 237 104 237 100 33 11,026 42o 10,470 470 10,000 130 59 71 213 212 212 1 1 263 201 201 62 29 33 45 44 44 1 1 £67 46 46 S21 821 29 b 248 32 248 16 10 6 49 % 49 53 22 22 36 36 37 37 37 1*3 24 159 159 24 2,23 202 202 21 21 45 s 11,690 13', 4 q 7' ,690 10,000 D I S B U R S D e b its to d ep o sit a c c ounts T In exchange fo r F , R* notes T o ta l U* S* 1 Member 1 T A l l o th er T To U*S. “ 1 ' To 1 Other banks, 1 Government 1 banks. T T o ta l 1 N» S«_____ Government f Members 1in d iv id u a ls >e to . 1 T o ta l V-Jo — 32 32 27 b 27° 7 . Axp — 96 71,536 . 7,536 5; 2 — 213 339 339 t-q ^ — — * 40 553 553 K/9 270 9 9 270 1 ,642 _ 31 1,611 31 1,606 ]4o 50 690 690 509 339 170 • 170 "US 46 43 119 4S 71 71 3 £9 49 49 91 49 49 1 ,2 74 — 1,153 45 45 _J6 li. 13 .8 *3 2,030 7,702 7,702 ~^151 4,143 3,9&s 10,000 247 173 ( a ) 3S6 1 ,5 7 2 6,012 i,S02 3 , 22: - — - — — _2§L FEDERAL RESERVE BOARD , "To ATD ST;'T'r o'?:: j S, SEPTEMBER 2b, I 9 I 9 . (a ) D iffe re n c e between t h is amount and net g ain as shown oy w eekly statem ent due to .la c k of sy n c h ro n iza tio n of e n t r ie s e ffe c t in g t r a n s f e r of fun. d s. STATEMENT FOR THE PRESS Released for publication Smday morning, Sept. £8, 1919; not earlier. st* 612 Jtodorai Reserve Board rrr^* 9 9* CONDITION OF FEEERJJi RESERVE HAKES. Substantial increases in tho holdings of discounted bills, largely Wax paper, following tho allotment of the latest two series of tax cortificates, and correspondincreases in reserve and net deposits are indicated ty the Federal Reserve Board's weekly bank statement issued as at close of business on September 26, 1919Holdings of War paper show an increase for the week of 188.6 millions, other discounts on hand wont up ^7.8 millions, while acceptances on hand, because of the greater demand in the open market, fell off 11*3 millions. War paper holdings of the Chicago and Minneapolis banks include 70»2 millions of pa^er discounted for other Federal Reserve banks, vtfhile acceptance holdings of the Kansas City and San Francisco banks are inclusive 6f 21.7 millions of acceptances bought frcm other F.R« banks, as against 38*3 millions the week before* Treasury certificates, largely as the result of redemption by the Government of temporary Certificates, show a reduc tion of 71*9 millions. Government dsposits are shown l6«9 millions loss, and members its about 80 millions largor than tho week before. reserve depos The "float" carried by tho Be serve banks shows a decrease of U8.U millions, and other deposits, including foreign government credits - a decrease of 11.2 millions. There has also boen a further transfer of 33*9 millions of gold from the continent to tho Bank of England vaults, decreasing to that extent the total deductions from gross deposits and adding the same amount to the banks1 gold reserves. Aggregate gold reserves show an increase of but 25*9 millions, and total cash reserves - an increase of 25*^ millions. The week saw a further increase of 3^.1 millions in F. R. note circulation in all districts, while the banks' total liabilities on F. S. banknotes in circular tion increased 6.9 millions. -The banks' reserve ratio, because of the large in crease in net deposits, shows a decline frcsui 52*5 to 51 PQr cent. Released, fo r p u b lic a tio n Sunday morning September 28, I 919; not e a r l i e r . St • 6l2a STATEMENT OF COMBINED RESOURCES AND L IA B IL IT IE S OE THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTEMBER 26 , 1919 . R E S O U R C E S September 26, 1919 S ep t ember 19 , 19 19 September 27 ,1918 Gold c o in and c e r t i f ic a t e s $ 239, 16s, 000 $ 230, 047,000 $ 370, 220,000 502, 506,000 Gold se ttle m e n t fund - F .R .B o a rd 512.080.000 ^ 37,319,000 Gold w ith fo re ig n agencies 7 9 ,3 7 0 ,0 0 0 45,479 .000 5 .8 29,000 221.044.000 T o ta l g old h e ld by banks 787.606.000 S13, 36sTooo 1, 196,325,000 Gold w ith Federal- R eserve Agents 1, 208, 961,000 i , 161, 731'000 100.485.000 Gold redem ption fund ___ .95,399.000 .4,000 T o ta l g old re s e rv e s $2, 117, 354,000 $ 2, 091, 966,000 2 .0 2 0 .8 1 3 .0 0 0 L e g a l tender n o te s , s i l v e r , e t c . ___ 69.651,000 7 0 ,0 9 1 .0 0 0 51. 363 ..000 T o ta l re s e rv e s 2 ,1 8 7 ,5 0 5 ,0 0 0 2 , 162, 057,000 2. 072. 176.000 1 ,5 7 2 ,5 0 3 ,0 0 0 . . . , , (Secu red by Gov’ t.w a r o b lig a tio n s 1 , 383 , 896,000 1, £ 2 i , 553,000 B i l l s d iscounted (A U otheJ. 309, 779,000 26.1 , 935,000 49.1, 897,000 _ 3 4 2 .4 9 1 .0 0 0 B i l l s bought in open market ■ 353^ 317.000 ___2S5r 391 ,000 T o ta l b i l l s on hand 2, 224,773,000 1 . 999. 698.000 2 ,0 0 1 , 821,000 U . S* Government bonds 27. 097.000 27 . 095.000 2 8 ,5 4 5 ,0 0 0 U# S* V ic t o r y n o tes 137,000 192,000 U* S . C e r t i f ic a t e s o f indebtedness 251. 021.000 322, 986,000 * 5 0 ,0 9 8 ,0 0 0 A l l other e arn in g a s s e ts 102.000 T o ta l e arn in g a s s e ts 2 .5 0 3 .0 3 3 .0 0 0 2. 349. 971.000 2. 080. 566.000 Bank prem ises 1 3 .1 4 6 .0 0 0 1 3 .1 4 6 .0 0 0 Gold in t r a n s it or in custody in fo re ig n co u n trie s 80,24 6 ,000 114 ,13 8,00 0 8 27 .40 4.00 0 U n c o lle c te d item s and other deductions from gross d ep o sits 907. 650.000 1 . 025. 122.000 1 , 139, 260,000 649 ,44 6,00 0 5fo Redemption fund a g a in st F* R . bank notes 11 . 503.000 11. 289.000 2* 447,000 A l l other re so u rce s ____ 8, 998,000 10. 886.000 12.353.000 5 . 631. 390.000 TOTAL RESOURCES 5 , 686, 609,000 4 ,8 1 7 ,4 9 5 ,0 0 0 L I A B I L I T I E S C a p ita l p a id - in 85. 296.000 85, 203,000 78, 802,000 S u rp lu s 81.087.000 8 1 ,0 3 7 ,0 0 0 1 134.000 Government d e p o sits 61 , 276,000 7 8 ,1 3 4 ,0 0 0 191! 623.000 Due to members - Reserve account 1 , 731 , 413,000 1 ,6 5 1 ,4 2 6 ,0 0 0 1 ,5 3 5 , 490.000 D e fe rred a v a i l a b i l i t y item s 653, 321,000 80 2 .7 1 5 .0 0 0 485, 059.000 Other d e p o sits, in c lu d in g fo re ig n government c r e d it s - 95 . 654.000 106 .89 9.00 0 i o 4. 385 . OCX) T o ta l g ro ss d e p o sits 2 .5 4 1 .7 2 4 .0 0 0 2,316; 55f ,000 2 .6 3 9 .1 7 4 .0 0 0 F . R* notes in a c tu a l c ir c u la t io n 2. 655. 354.000 2. 621. 258.000 2, 349 , 326,000 F , R . bank no tes, in c ir c u la t io n — n e t l i a b i l i t y 239, 451,000 232,59^ ,000 3 5, 819 ,000 A l l other l i a b i l i t i e s 2 3 .9 7 8 .0 0 0 2 7 .2 8 8 ,0 0 0 _____________ _____ ____3 5 ,8 5 7 .0 00 5 .6 3 1 .8 9 0 .0 0 0 TOTAL L IA B IL IT IE S 5, 636, 609,000 4 , 817, 455,000 R a tio o f t o t a l re s e rv e s to n et d ep o sit and F* R„ note 51-0 fo l i a b i l i t i e s combined * In clu d e s one-year 52*5 f° 51.6 % R a tio of gold re s e rv e s to F*R„ no tes in c ir c u la t io n T re a su ry n o te s . 62»5 fo 60 .3 $ 63 -Ur $ * for q ft e r s e ttin g asid e 351° a g a in st n e t d ep o sit l i a b i l i t i e s Digitized FRASER Released for publication Sunday morning, September 23, 1919; not earlier. ^ WEEKLY STATEMENT OF RESOURCES AND L IA B IL IT IE S OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTEMBER 2b, I 919 . S t.b l2 b RESOURCES M Boston New York Phila. Clevel. Richm- Atlanta Chicago St.Louis.Minn, Kans.Cy. Dallas San Fran. Total Gold coin and certificates 6,566 157,733 819 10,271 2 ,3 ^ 7,842 2 3 ,9 ^ ! 3 , ^ 2 8,319 257 6,879 10,7^2 ^ 239,l6S Gold settlement fund - F.R. Board 43,584 139,419 36,000 59,7^1 28,191 6,893 76,352 \17,925 27,973 24,220 5,210 36,998 \502,506 Gold with foreign agencies 5.794___ ^ ,129 6.350 6 ,508 3,889 2,857 9 ,445 \5.730 2,143 3,810 2,064 3,651 \79.57Q Total gold held by banks 55,9^" 326,281 43,169 76,520 34,424 17,592 109, 71^ 35 ,137 38,435 28,287 14,153 51,391 8317045 Gold with Federal Reserve Agents 67,965 288,849 75,889 137,68b 30,7§3 ^3,157 318,957 ^,436 3 5 ,^ 5 3^,5?6 l6,S31 99.751 1 , 196,325 Gold redemption fund ...i.j.jyy. __ .............±y.,ty1^.. .... 640,130 129,732 214,671 73,153 65,989 443,185 76,415 77,038 68,429 35,099 151,927 2 , 117 , S54 142,086 Total gold reserves 48 390 174 36s 1.210 . 1,095.. 6.102 Legal tender notes, silver, etc. 6.478 50,772 ...... 275 912 1.827 b9,651 148,564 690,902 130,007 215,583 73,521 67,199 U44 , 2S0 82,517 77,086 68,819 36,926 152,101 2, 187,505 Total reserves Bills discounted: Secured by Government war obligations (a) 617,837 180,151 111,635 72,097 71,308 172,1455 6o,lsi 34,586 44,485 32,030 51,887 1,572,503 123,851 8,272 43,686 23,672 19,244 309,779 9,451 All other 47,707 21,705 18,475 20,191 26,928 46,091 24,357 Bills bought in open market (b) 76.401 .... 735 40,510 5,100 42.771 11,077 19.622 15,346 507 . SlJi30_ 34-2,491 6.329 42,963 Total bills on hand 741,945 202,591 170,620 98,517 103,336 261,317 95,615 62,480 103,517 56, 209 152,261 2,224,773 176,265 U. S. Government bonds 1,094 4,477 116 8,8 67 3,966 27,097 1,234 2,633 1,385 37b 1,153 1,257 539 U. S . Victory notes 50 73 137 5 9 U. S . Certificates of indebtedness 251.081 21,436.. 63,509 28.182 24,778. 10,060 13,464 37.827_ 17.068 8.222 11 . 1 d2 7.200 2,17.3 Total earning assets 198,249 sob, 761 232, 15 s 196,492 :109,911 117,181 303,621 113,836 70,891 123 , 5^6 67,375 163,067 2, 503,088 340 Bank premises 691 400 13,146 444 475 402 2,089 500 2,936 875 3 ,33^ Gold in transit or in custody in foreign countries 80,2^6 80,246 Uncollected items and other deductions from gross deposits 66,309 198,028 72,770 69,936 68,083 35,211 95,931 52,156 . 18,53c; 70,693 3 7 ,5 ^ 42,206 827,404 5$ Redemption fund against F.R. 525 624 290 892 428 1,072 11,503 1,132 253 2,705 1,350 bank notes 657 1,575 901 8,998 662 136 1,431 550 276 531 All other resources 2,385 525 559 387 655 TOTAL RESOURCES (a) Includes bills discounted for other banks,viz. (b) Includes cankers1 acceptances bought from other 3T.R*banks: Without their endorsement ^l6,559 1 , 785,021 437,310 484,680 253,047 221,110 849,774 250, 37*+ 166,939 264,911 142,965 359,200 5 , 631,890 - - - - - - 60,195 ~ 10,000 - J2$ 7°A95 - 16,977 }1>JG2 R elease d fo r p u b lic a t io n Sunday morning September 28, 1919* not e a r l i e r , WEEKLY STATEMENT OF RESOURCES AND L IA B IL IT IE S OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTEMBER 26,. ( I n thousands of d o l la r s .) L I A B I L I T I E s Boston New York P h i l a . C le v e l» Richnu A t la n t a Chicago S t .L o u is M inn. K a n s .C y . 4,010 3,033 22,060 7,757 ' 9,373 C a p ita l p a id - in 3 ,9 0 4 4,312 3,323 12.024 7,034 S u rp lu s 2,320 5,260 3,800 32,922 .2, S 05 9 ,7 1 0 5,207 5,311 2,529 3,957 Government d e p o sits 276 5,672 3,12b 14,844 1,418 4 ,716 4.359 3,553 12,042 4,579 D.ie to members - re s e rv e account 102,638 692,699 107,149 125,633 57,636 42,435 21)8, 749 62, 76s 5^,337 £5,653 D e fe rred a v a i l a b i l i t y item s 155,530 65,915 60,362 57,411 30 ,3 7 2 72,030 4 3 ,lo 7 12,75^ 49, 4 i l 53 >857 A l l other d e p o sits in c lu d in g fo re ig n government c r e d it s 6,261 3,741 .5x165 ___ .6,354, 2,795 10,516 2,313 3,739 3,75^ 41 T o ta l g ross d e p o sits F .R .n o te s in a c tu a l c ir c u la t io n F .R .b a n k notes in c ir c u la t io n net l i a b i l i t y A l l other l i a b i l i t i e s TOTAL L IA B IL IT IE S 172,976 914,322 183,171 £04,310 119,064 207,229 753,135 212,579 242,220 115,100 121,012 450,042 113,392 21,256 2,257 52,557 9,925 26,272 2,220 20,781 9,442 1:323 2.076 79,961 336,967 112,260 12 J U 9 37,686 1, SCO 3,279 16,379 l,l4 4 1915 * D a lla s San F r a n . T o ta l 5,025 3,321 25,296 2,029 21.087 4,377 4 ,0 9 2 6.1 ,276 2,533 4 4 ,lcO 95,506 1 ,7 3 1 ,4 1 3 26,776 21,790 653,321 2,085 6 ,8 2 2 9 5 ,6 5 4 70,372 143,397 75; 554 122,210 2,, 541 ,7 2 4 22,399 95,262 51,992 210,326 2 , 655,354 7,496 16,224 819 1,5^7 5 .093 971 8,865 2,197 239f451 28,972 416,559 1 , 725,021 437,310 484,680 253,047 221,110 249,774 250,374 166,939 264,911 142,965 359,200 5 , 631,290 Contingent l i a b i l i t y as endorser on Discounted paper re d isco u n te d w ith other F . R . banks - - 18,295 - 25,000 2,900 - - - — 12,000 - 70.195 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION. F, R. notes outstanding F. R . notes h a l l by bank 221,1+52 241,475 227,397 252,013 120,428 124,277 477,732 132,560 -13,_6-&-- 2 2 ^ 4 Q _ l M l g , .9,733.....5*12$ 27,684 F .R .n o te s in a c tu a l c ir c u la t io n 207,829 84,371 102,253 1 . 9 .JZ 6,9 < l\ 753,135 212,579 242,220 115,100 121,012 450,042 113,392 22,399 9 5 ,2 6 2 5 4 ,3 8 6 236,915 2 ,8 7 5 ,2 5 9 .2,3.94 . 26,539 ^19,905 5 1 ,992 210,32o 2, 655,354 DISTRIBUTION OF B IL L S AMD U .S . CERTIFICATES OF INDEBTEDNESS BY M ATURITIES. W ith in 15 days B i l l s discounted s bought in open m arket U^S.eor+.’ f i c a t e s o f indebtedness 16 to 30 days 31 to 60 days 6l to 90 days 68,562 Over 90 days 1 ,5 3 2 ,0 5 2 108}4 l4 120,123 154,912 25.922 112,931 34,371 6,555 793 23,605 10,000 12,500 25,537 179,439 T o ta l 1 ,2 8 2 ,2 2 2 3 42 ,49 1 251*081 , .... ,. Ee le a se d fo r p u b lic a tio n Sunday morning September 28, 1919; not s a r i x e r . S t .b l2 a STATEMENT 0? FEDERAL RESERVE AGHWS' ACCOUSTS AT CLOSE OF BUSINESS SEPTEMBER 26, 1919. ( I n thousands of d o lla r s *) Boston FEDEEAL RESERVE NOTES: Eeceived from Comptroller Eeturned to C om ptro ller Chargeable to F .R .A g e n t New Y o rk P h i l a . C le v e l. Eichnu A t la n t a Chicago S t .L o u is M inn. K a n s .C y . D a lla s San F ra n . T o ta l U15.S00 1, 782,760 456,780 Ul7, 9SO 252,640 253,000 732,880 244,160 l 4 l , 880 181,720 111,240 337,160 5, 328,COO 151,44 8 810,285 202.603 137, 7^7 107,00^ 264,352 U2,900 69,727 9^>° ^ .210_^0,83j 972, 1+75 254, 177 280,233 1^5,636 179,676 51^,972 153,590 97,151 111,993 69,811 243,115 3 , 287,181 131,000 12,780 15,^25 26,780 28,220 25,208 73,324 217,908 55,399 37,24c 90,570 21,030 ^ , 729 9, 7^0 6»200 411,922 In hands of F« E . Agent Issu e d to F«R« bank le s s amount re tu rn e d to F . E . Agent fo r redemption 221,452 COLLATEEAL SECURITY FOE OUTSTANDING NOTES: Gold coin arid c e r t i f i c a t e s on hand 132, 560 8*u,U75 227,397 252,013 120, 1+28 124,277 *+77,732 183, 7 U0 17,965 15,109 13 ,500 12,561 Gold Settlem en t Fund - F . E . : Board 50,000 90,000 62,389 90,000 E l i g ib le p a p e r, . minimum re q u ire d T o ta l AMOUNT OF E L IG IB L E PAPEE BELIVEEED TO F . E . AGENT 54,386 236,915 2 ,8 7 5 ,2 5 9 247,248 8,831 l+,000 13,052 9 ,1 7 2 2,505 3,593 3 ,2 3 6 29,000 38,200 309,785 39,931 18,800 31,360 89,665 86, 12I+ 48 ,9 2 6 67,657 37,555 137,164 1,678,93!+ 2,500 35,125 Gold redemption fund 8i+,37i 102,253 1,763 2, 1+57 14 ,506 99,933 4 , 1+31+ 85,245 849,141+ 3 ,5 6 6 153,^87 552,626 151 , 50s 11*+,327 221, 1+52 8^1 , 1+75 227,397 252,013 120,428 124,277 *+77,732 132,560 84,371 102,253 5^,386 236,915 2, 875*259 176,265 741,482 153,784 169,543 57,880 103,517 56,209 l4 o , 277 2 ,1 3 ’v,553 95,796 81,120 158,77 5 82, 939261,276 95,535 " ~ STAxiSaENT FOE THE P IG SS, Belsasod for publication „ .. p, 4. on miQ. Monday morning, Sept. 29, IS1?* not earlior. CONDITION OF MEMBER BJOS. . *3J'■ * £Tv Federal Kssei /o rfoard c + o- -me ’ "v ’ Payment of incoma and excess profit taxes due on September 15 a d Government loan operations, including both the redemption and issue of tax certificates, are reflooted largely through changes in the deposit account in the Federal Eeserve Boards statement of condition on September 19 of 77^ member t*®5™ in load^s cities. Treasury certificates on hand show an increase for the week of about 13 million* as against an increase in lito holdings of 117-3 millions reported V banks in Hew York Oily. United States bonds and Victory notes on hand declined S-5 millions, while loans secured * of 33.1 millions, the member United States War obligations show a total increase loans secured * stocks and bonds show a further increase of 11-9 millions, larger increases being shown for the banks outside Hew York and the other Federal Reserve bank cities. Other loans and investments went up 102.S millions, the increase for the Hew York City banks being 55*5 millions. Aggregate holdings of U. S. War securities and War paper increased frcm 3,365-9 to 3.H 02-9 millions and, Just as the week before, constitute 2 2 .2 per cent of the total investments of all reporting banks. lor the How York City banks, booau„e of their large investment in certificates, this ratio shows a rise fro. 2 3 per cent. Following the collection of the September 15 tax installment Government deposits show an increase of 265-5 millions, while other demand deposits show a de cline of 261.2 millions. For the Hew York City banks an increase of 237-3 millions in Goverment deposits, as against a reduction of 57-8 millions in other demand d e p o s i t s ,is n o t e d . Reserve balances fell off 135-5 millions, while cash in vault declined about 11 millions. A c c o m o d a t io n collateral notes and ty tte customers- decrease of about 93 millions# T. S. banlcs, as measured by the aggregate of paper discounted for reporting banks, shows a net Released, for publication Monday morning, September 29, 1919; not earlier. s t . 613a STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN LEADING CITIES. 1. ( In thousands of dollars.) Comparative _data for all reporting .banks........... September Number of reporting banks 19, 1919 774 September 12, 1919 774 June 20, 1919 771 March 21, 191' 772 U. S. bonds to secure circulation 270,315 269,551 268,540 267,081 Other U.S. bonds including Liberty bonds 623,706 632,065 638,781 665,441 311,844 312,628 388,738 1,124,859 1 , 111,850 x.040,664 2,022.018 2,330,724 2, 326,094 2, 336,723 2,934. 5*40 Loans secured by U.S. bonds, etc. 1,342,48.2 1 , 309,370 1 , 411,950 1 , 123,551 Loans secured by stocks and bonds other than U.S. securities 3,024,412 3 , 012, 5 2 3 ) 8 ,bOO ,147 8, 497,269 ) 10,738,113 All other loans and investments 10, 233,563 Reserve balances with F.R. bank 1 , 247,950 1,383,481 1 , 262,989 i , p36,335 357,472 368,649 358,588 347,755 10,959,765 11 , 220,961 10,321,405 10,058.842 1 , 969,457 1 ,928,472 1,736,134 1,0/4,992 Government deposits 770,805 505,296 823,236 Bills payable with Federal Reserve bank 923,494 1,037,148 1 , 062,494 1 , 131,300 Bills rediscounted with Federal Reserve bank 332,975 312,449 300,522 £93,717 22.2 22.2 24.0 26.6 U. S. Victory notes U. S. Certificates of Indebtedness Total U. S. securities ) Cash in vault Net demand deposits Time deposits Ratio dfcf U..3, war securities tod war paper to total loans ar.i invortments, per cent - 630,045 - S t . 613b Released for publication Monday morning September 29, 1919; not earlier. T,Amr<5 tm tttadtmp PTTTT?q STATFMFINT SHOWING PRINCIPAL RESOURCE AND LIABILITY IT M S OF MEMBER BANKS IN LEADING ClTI S. FLTiLM1 QIlUVViiMU iiUXNUXiJAJJ ^ —---TmO (In thousands of do llars.) banks in _each district, _as at close of business Se^^m ber ^gj, 2. Data for all r< Minn. Kans.Cy Dallas San Fran, Total Richm, Atlanta Chicago St.Louis Boston -- -- 774 56 100 35 35 76 43 46 110 56 88 32 47 No. reporting banks 270,315 34,605 20,702 11,15k 7 ,1 2 0 14,4 67 19 ,10 3 l4,6o s 1+8,1463 1 1 ,5 9 7 41,801 25,321 14,8 74 U. S.bonds to secure circulation 6 2 3,70 6 48,235 15 »i£9 10 ,9 52 22,687 20,253 42,2 91 1 7 ,1 2 5 258,563 3 2 ,1 6 1 61,43*4 3^,799 22,0*47 Other U .S . incl. Liberty bonds 3 1 1 ,3 4 4 12,638 1 0 ^ 2 1 4 9,316 10 ,32 5,9 3 3 11,873 5 ,1 ^ 5 9,443 126,915 16,510 35,S37 1 5 ,1 1 5 12,79s U . S. Victory notes J L I 9 ^ 9 6 _ 2 X J L 9 ^ — 2 5 ^ 5 5 - - 3 ^ 9 a 3 _ 3 V 5 4 5 _ _ - ------- _ ------ . - _ r 56q .l 4 2 64.936 7 g-5 l 6 22.851 5 1,5 8 8 U .S.certificates of indebtedness 4 7.812 .......... 238,149 69 ,232 49,260 79,930 79, , 045\ 141,685 2 , 3 3 0 ,7 2 4 88,994 1 , 033,083 125,26 4 217,588 100,5S6\107 , 30?\ Total U. S. securities 64,363 746,896 156 ,54 3 1 1 0 ,3 0 4 4 1 , 8 5 5 1 2 7 ,9 9 4 1 1 03,389 28,209 1 3 ,4 1 1 1 9 ,5 6 3 b , 906 22,749 1 ,3 4 2 ,4 8 2 Loans secured by U.S.bonds, etc. 194,889 1 , 435,699 204,958 3 0 1,72 8 106,219 I 47,026 j 3 5 1 ,4 3 5 1 3 5 ,9 5 8 34,2 91 73,469 3 1 , 9 3 6 1 0 6 ,7 5 4 3 ,0 2 4 ,4 1 2 Loans secured, by stocks & bonds 615,205 3 , 133,9 8 1 4 78 ,2 33 779,009 3 1 2 , 787 / 3 0 0 , 3 3 5 / 1 , 210,882 280,071 255,296 4 4 2 ,7 7 7 1 7 0 , 322 / 616,199 8 , 60 0 ,14 7 A ll other loans & investments 70 ,39 2 5 9 4 ,1 4 2 69,259 83,650 35,820 3 1 ,8 7 ° 162,306 4 0 ,7 9 5 25 , 45 s 49,979 1 9 ,9 9 ? 6 4 ,2 76 1 ,2 4 7 ,9 5 0 Reserve balances with F.R.bank Cash in vault Net demand deposits Time deposits Government deposits B ills U I S payable payable with with F P.B. bank B .R . bank Bills rediscounted, with F .R .b a * 37 23,855 122,10 7 1 7 ,4 9 7 32,954 1 6 ,1 3 2 1 3,1 2 6 06,935 9 ,7 3 4 8 ,39 1 14,900 9,8 88 21,959 3 5 7 .4 7 8 7 3 2 ,1 7 3 5 , 102,379 6 5 7,9 5 2 800,802 3 34 , o4l 26 6,737 1 , 303*463 320,726 268,572 4 5 4 ,5 33 189,0 52 528,685 1 0 , 9 5 9 ,76 5 110 ,35 4 3 9 1 ,33 1 22,196 298,240 93,365 116,899 452,264 101,603 57,6 6 1 81,8 0 7 3 0 ,9 3 2 2 12 ,75 5 1 , 90 9 ,4 5 7 61,462 4 4 3 ,2 4 0 60,052 5 5 ,7 4 3 15 ,76 3 15,789 58,528 1 4 ,2 7 7 n , 9 9 9 1 0 ,0 0 4 1 9 ,0 3 3 4 ,865 7 7 0 ,8 0 5 fM te 61,589 3>*6,365 lte.Vto 8S,te3 52, ' 6l,lU f li>*,527 27J 572__15,i20..l?J 639..j6JJp5_ < % & } 30,9^1 2 L 9 if, 990 S f a , 499 1 7 , 6 a 3 6 ,g 6 6 -— 10^839 ConmaratIve_ data_ f or "banks in~Federal Reserve bank and branch cities and all other reporting bants. ...... New York Chicago All F.R.bank cities F„R. branch cities Sept.19-- Sept.12 Sept. 19 — -Sept-12 Sept.19--~-Sept.12 Sept .19 --- Sept.12 No. reporting banks 70 70 38,766 U .S . bonds to secure circulation 38,363 260,869 Other U.S.bonds including Liberty bonds 257 ,443 1 0 6 ,9 0 4 108,092 U. S. Victory notes 424.327 U . S. certificates of indebtedness 54 1,59 0 945,896 830,463 Total U. S, securities 705,941 662,922 Loans secured by U. S. bonds, etc. 1 , 30 0 ,4 71 1 , 291,036 ■Loans secured by stocks and bonds 2 ,7 9 4 ,9 2 8 2,739,423 A ll other loans and investments 561,807 663 , 05 s Reserve balances with F. R. bank 109,081 111,425 Cash in vault 4 ,6 7 0 ,5 3 8 4 ,7 2 3 ,3 6 9 Net demand deposits 310 ,38 5 274,895 Time deposits 4 33,8 76 196,605 Government deposits 234,050 4 0 7,374 B ills payable with F. R. bank 112 ,16 3 B ills rediscounted with F. R. bank 9 7,8 77 Ratio of U. S. war securities and war paper 284 to |otal loans and investments, per cent 26.3 44 1,438 15,865 |3.35? 6b , 576 1 0 7 , 23s 44 1 ,438 16,094 23,691 96,282 1 37,5 0 5 260 260 1 0 3 ,4 3 2 104,015 365,300 369,606 1 77,8 16 176,57? 3 1 5 .4 7 4 7 2 7 ,7 4 4 1 , 462]605 1 , 3 7 7 ,3 6 1 77 512 73 353 1 , 088,911 1 , 050,962 273 ’, 51 s 272 , 80s 2 .,255,647 2 , 262,071 657,479 6 35,0 31 5 ,^37,171 5 ,3 5 7 ,780 312,758 1 , 0 3 7,72 5 107,937 12 2 , b90 209,285 214,245 38,345 38,739 , 205,436 7 ,9 7 7 , 3 a 860,895 902,202 333,030 169,278 169,309 369.192 640,132 ' 36,504 33,404 725,015 40,067 6 13,731 32,387 22^,790 228,771 1 5,0 5 2 12,155 8 7 5 , 0 0 5 1 6 .4 1 8 .7 £3.9 23.1 172 63,129 116,049 63,119 118,359 71,411 178,105 7 0 ,3 4 3 2 2 0 ,5 3 2 172 9 2 3 .^ 4 35e»2I5 reporting banks Sept .1 9 -- S e p t .12 34 2 342 10 3,0 0 0 103,171 1 4 4 j100 142,357 6 2 ,6 17 131,230 6 5 , 2 0 6 163,574 428,694 472, 353” ^ 39,4 25 475 880 1 3 4 ,1 1 2 134,345 119,459 3 75 ,0 8 0 3 72 ,1 4 5 3 9 3 , 6 S5 1 ,5 3 9 ,1 1 5 1 , 50 S , 92 o 1 , 6 ^3 ,8 6 1 1 . ^ 0 ,5 6 3 1 5 9 ,6 1 1 16 s , 229 1 7 5 ,5 8 1 177,527 62 ,19 4 62,688 85,999 9 1 ,Ji6 1 , 6 76 ,9 6 1 1 , 71 0 ,6 9 1 1 , 4 7 7 , 36.8 532,949 522,607 5 2 3,931 5 7 1 ,4 6 1 571,135 6 4 ,6 2 2 7 1 ,4 8 2 77 , 264 53,359 1 4 8 ,4 6 7 153,475 1 5 8 , 65 s 161,296 4 8 ,4 0 j 59,561 4 4,6 43 3 9 , 25U 2 0 .2 21.9 ' 1 7 .7 1 9 ,0 C 0 N F I DENT I A L Not for publication 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. Ratio of total reserves to net deposit and F. R. note liabilities combined Sept. 19-- Sept .26 Ratio of gold reserves to F*R.notes in actual circulation after setting aside 35$ against net deposit liabilities Sept. 19-- Sept. 26 St* September 2b, 615 1919 Ratio of gold reserves Ratio of gold and to F-R.notes in lawful money reserves actual circulation to net deposits Sept.19--Sept. 26 Sept. 19-- Sept. 26 Boston 45.3 k j.2 49.5 53-5 53-6 52-5 42.0 4 l ,4 New York 51-6 *49*7 64.1 62.2 64.5 59-3 42vl 41.7 Philadelphia 40.4 H0.3 43.0 43.0 39-3 39-4 40*9 40.7 Cleveland 59. a 57-2 74.2 69.6 60.3 37-6 59-5 57 '0 Richmond 45.0 44*3 50.0 4 8 .4 64.8 68.2 35-2 33-6 Atlanta 39 -s Uo-5 41-7 42.6 3 8.4 42-0 4o.4 4o.o Chicago 69.1 64.3 85.8 80.0 60.5 46.0 7 3.4 74.1 S t . Louis 48,0 47.4 55-0 54.0 47-7 51.5 48.1 45.2 Minneapolis 57.9 57-2 73*4 71-3 72*5 73‘ 5 48.0 46.9 Kansas City 43.3 4l.0 49.2 45-5 44,6 39-4 42.5 42.1 Dallas 41.5 4l.O 46.4 45. 4. 42.9 42.0 4o«4 40.3 San Francisco 48.7 51.3 58 .0 38.6 60.0 52J_ 47-8 52-5 51.0 60.8 57-2: 54.5 49.8 4 8.8 Federal Reserve Board Division of Reports and Statistics September 29 » 19^9 L? j OJ VjO ] ! 1 I 1 1 1 » 1 1 1 1 1 ! TOTAL ........... . ........54.1 _ _