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A * C O N F I D E N T I A L Not for publication S t .5^7 REDISCOUNTS AND SALES OF DISCOUNTED AND PURCHASED PAPER BETWEEN FEDERAL RESERVE BANKS DURING CALENDAR YEAR 1919 . Chronological Table -.July 1919* REDISCOUNTED OR SOLD BY FEDERAL RESERVE BANK OF Discounted or S purchased by 1 R*Bank of •Date DALLAS RICHMOND •PHILADELPHIA ’Disctd. Bills Disctd. Bills Disctd* Bills i ‘July ♦ ~ --— _ -$ 10 , 000,000 « 1 Minneapolis it * ---10, 000,000 1 2 --* ~ ~ —~ 5 , 000,000 Chicago • 2 11 -_ _ --* --’ 3 \ \ --• 10 , 000,000 & 20 , 000,000 ' 7 w --•» - 5 , 000,000 * 15 , 000,000 ' 10 • --• * ~ 5 , 000,000 Minneapolis » 10 11 --1 -10, 000,000 ' 11 -2 , 000,000 --1 5 , 000,000 Chicago • 11 H ----5 , 000,000 ' 12 * 10 , 000,000 Minneapolis • 12 San Francisco ' l4 $10,013,533 5 , 000,000 Chicago ' 15 I San Francisco ' 15 10,022,763 ft 7 , oo 6 ,4 o 6 1 ' 16 3 , 000,000 Chicago ' 16 * --Cleveland 10, 011,871 ' 17 3 , 500,000 10 , 000,000 1 20 , 000,000 Chicago ' 17 * 5 . 000.000 -St Louis. ' 17 — 5 . 000.000 1 15 , 000,000 Chicago » 21 --* — -15 , 000,000 Minneapolis ' 21 122 it 10, 000,000 1 5 , 000,000 Chicago « 25 tt 2 ,C003000 10, 000,000 ’ 14^000,000 • 28 1 5 , 000,000 St* Louis ' 28 7 0 0 0 , 0 0 0 Chicago 30 2 0 0 0 , 0 0 0 5 , 000,000 1 2 0 0 0 , 0 0 0 31 10 , 000,000 Louis 1 31 1 10. 000.000 Minneapolis 31 - - 0 0 0 0 0 jp -m NEW YORK Pur. Bills - - - ---------------------- - . - - - - - - _ - - - - - - - - - - - _ - • - - - - - - - - - - - - - - - - ---------------------- — *. - - - - - . - - mm - mm ** ~ - * - « - - - - - - ~ - - - ' n ’ S t - V , - - * , - * — ' - « . . . - . - - — - - « 3 7 , 0 5 4 , 6 2 3 ’ 1 FEDERAL RESERtE BOARD DIVISION OF REPORTS'AND STATISTICS August 20, I 919 _ _ - , - - ~ - - - - - - - t 1 TOTAL - - _ 114, 000,000 165, 000,000 16, 500,000 O N F I D E N T I A L Not for publication. Discounted or purchased by F.R. bank of ■■■ NEW YORK BOSTON St.5'4S REDISCOUNTS AND SALES OF DISCOUNTED AND PURCHASED PAPER BSTYSEN FEDERAL RESERVE iiU'&.S DURING THE CALENDAR YEAR 1919* * Monthly Summary - July 1919* __________________ (In thousands of dollars; i . e .. OOP omitted-)________ TOTAL Rediscounted or sold by Federal Reserve bank of SINCE JANUARY 1. 1919 FOR DISCTD. PUR. TOTAL MONTH SAN DALLAS PHILA. CLEVEL RICHM. ATLANTA CHICAGO ST. MINN. BILLS BILLS FRAN. CITY LOUIS K A N S A S Boston 15,156 1+0,000 256,252 30,235 226,017 55» 156 New York Philadelphia 10,012 &10,012 Cleveland Richmond Atlanta :llU ,000 Chicago ;i 6?500 ' 65,000 195 ,500 897,333 25,136 872,197 s* 320,000 20,000 75,071 5,071 70,000 St# Louis 2SO,000 80,000* 353,295 19,282 33^,013 Minneapolis* 1 15,070 10 , 070. I gi+,467 9U.U67 Kansas City Dallas *27,0^3 San Francisco 37,055 Total Sinco Jan* 1 Total Pur bills Dis« bills 2 7 , 0U3 60, 38s ^0,3^3 20, 0U5 11^ , 000- 159.028 531,017 600.000 36,190 - 531,017 600.000 36,190 159.028 ’ DIVI3IOI7 OF IMPORTS AND STATISTICS, I2BERAL RESERVE BOARD, * , August 19, 1919* 16,500 165,000 1+6 1+6 332,555 30.000 329,975 - 30.000 - 329,975 5,000 l, 7146, 6^ ' 199,^17 '1 , 51+7,227 (a) Acceptances purchased in open market. , (c) Libber banks' collateral notes secured by Govt .war obligations. FED ERA L R E S E R V E BO A RD GOLD S E T T L E M E N T FUND X-I654 Sunmary of transactions for week ending Aug. (In thousands of dollars^ 19CONFIDENTIAL Balance Aggregate . Aggregate t : Settlements from August 15 to Federal last Gold ? Gold withdrawals deposits & : T R A N S F E R S : August 21. 1919, both inclusive Reserve statement with de & transfers Bank of August drawals posits to Agent’ s from : Debit Credit Net Net Total Total Fund 1313 ..... Agent1s Fund Debits Credits Debits : Credits Boston 75,435 -— — 10,000 i ,4 s 9 : 7,93!4 114,947 : 121,698 6,751 New York — — 89,955 10,000 10,000 : 5E9 28,279 411,916 : 383,637 33,934 i-hiladelphia — 46,710 9,000 8,095 : 26 . 3^7 19,000 136,428 : 137,993 8,095 1 , 565 44,821 — Cleveland — 285 285 : 12,000 101,972 : 114 ,730 12,758 Richmond 30,986 1 1 5 : 4 ^ ,COO 40,000 380 5 167,277 : 167,657 Atlanta. „ 15,709 2,007 : 4,000 2,007 2,007 7 1,847 35,708 : 37,555 Chicago 101,348 11,080 16,303 : 34.000 4,060 16,303 175,747 : 179,807 55,945 St.Louis 39,078 196 2,500 196 2,500 : 21,500 15,000 5,980 103,027 : 97,047 Minneapolis — 31,227 — —25 : 16,000 17,810 230 27,659 : 27,429 25 Kansas City 63,439 — 5,005 34 34 : 1,000 5 3,289 71,032 : 74,321 Dallas 1 0 , 74425s 1,258 2,000 15 : 7,438 4,457 15 39,959 : 44,4l6 SanFrancisco :: 46,716 11,000 2.000 16.000 3.885 : 4.000 618. 48.623 • 48.005 Total ;: 592,168 41,269 43,154 : 185,178 11,467 54,^47 185,178 35,107 35,107 1 ^ 3 4 ,2 9 5 :1 ,4 3 4 ,2 9 5 B a la n c e F e d e ra l la s t R e se rv e Agent a t sta te m e n t A u g u st G o ld : w it h New Y o r k P h ila d e lp h ia C le v e la n d R ic h m o n d A t la n t a C h ic a g o S t . L o u is M in n e a p o lis C it y D a lla s S a n F ra n c i sc o To ta l 90,000 63,889 90,000 26,500 38,000 250,345 53,931 20,800 32,360 4,184 81,025 799,034 G o ld d e p o s it s d r a w a ls 1919 48,000 B o sto n K a n sa s 14 : : : : : : : : : : : : 10,000 5,000 2,000 — 6,000 2,000 2,000 4,000 D e p o s it s fo r th ro u g h To ta l ! To ta l c lo s e tra n sf e rs w it h - ;: d e p o s it s b u s in e s s tra n s fe rs to Bank -: W it h d r a w a ls — —— 4,000 1,000 1,000 — 5.000 37,000 5,000 — —_ — fro m Bank 10,000 — 9,000 — — —— — — — — 1,885 1,885 2,000 11,080 — — B a la n c e A u g , 21, d r a w a ls — 10,000 5,000 2,000 a t o f 10,000 9,000 67,889 90,000 2,000 11,030 __ 4,000 5,000 1,000 5,000 1,000 6,885 9,000 2,000 5,000 43,080 38,885 48,080 40,053 45,864 27,370 13,556 132,576 28,502 32,832 54,757 4,520 29.983 580,775 Summary of changes in ownership of gold by banks throu^i trans fers and settlements D e c re a s e 58,000 80,000 6,000 2,000 2,000 105,021 In c re a s e 1919. — __ Balance in fund at close of business Atig.21,1919, 65,741 305" 5,066 : 752 24,500 40,000 255,425 51,931 18,800 37,360 5,184 79,140 808,229 26,005 1,520 33,715 33,715 C O N F I D E N T I A L Not for publication ' I st . 556 OPERATIONS OF BRANCHES OF FEDERAL RESERVE BANKS FOR THE MONTE OF JUNE, OPERATING EiXFENSES ' AVERAGE NUMBER AND AMOUNT 'OF ITEMS HANDLED DAILY (a) I113^: cant 1 » *Per cent1 1 Tof total1 1 O X u Gt al ^ Sal Tfor all 1 /mount 1 Total 1 for all 'Number aries 1 Buffalo (b)$ 12,612 133,664 Cincinnati 6,471 Pittsburgh Sal tiii ore I"?-; Orleans Birmingham 8,07S 7,172 $S3, 84 j,S2k 1 , 9S7 2,127 Jacksonville 11,506 3,764 3,54/ 5-36 1-35 4,063 9,567 o,273 -5, 154 4,304 Louisville 7,273 25, 594 Memphis 5,577 9,353 36, 200 4,867 20, 664 3,267 Little Book: 7,848 4 ,620 Denver 19, 371 Gnaha 7,073 10,528 71 , 037 HI Paso 4 ,727 6,793 30, 451 9,124 Seattle 16, 036 (b) 7,262 33l(b)b, 532. Portland 7,957 ,4d, 1S’ 363 (b) 7,5S7 9,^19 Spokane Salt Lake City91. 353 (bXl. 272 ij.iJ.76_ Detroit Total Savannah 5 4 o ,3 S 7 112,765 1 8 1 ,8 9 5 4oS 73f (a) Period. May 16 to June 15, 1913* (b) Including bonuses paid in JunsFEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS AUGUST 21, 1919 IS .51 6-03 6.45 6.32 10,965 11,735 1 i 1 2-23 5.26 4.00 5*15 2.67 4.31 5-79 3-73 5-02 4.4o 5-19 7-63 100 . Received 1’branches1 ’ b r a n c h e s 1 i 11,475 23,775 27, S95 23,950 8,403 6,415 5,477 6,447 7 ,Sl 6 4,817 5,232 11,257 16,519 7,231 7,94 i 6,037 6,444 i i u.ni. 2 0 2 ,5 0 4 1 5*67 11,74 $4 , 403,763 7 , 219,235 $ 5 ,2 8 5 ,0 4 5 7,454,630 1 3 . 7 s 13 , 258,115 15, 272,900 11.83 10, 763, s4s 7 , 225,605 4.15 3,975,555 5,412,650 3-17 2.70 3.18 3 .So 2.38 2.58 5-56 8.16 3 .87 3.92 2 . 9s 3 .1s 7.29 100. 2 ,2 4 c ,725 Other Duo to Head deposits Office tgr oss (Average of (Average Friday of Friday night Shippe d night figures) figures) C U B E E N C I 1 darn ings 1919 . 1,857,508 1, 926, 723 11 , 741,625 4 , 945,147 2,666,417 1 ,107, S54 2,OS9,182 1,013,743 771 ,187 1,321,953 1, 252,672 1 ,2 2 1,41 7 523,574 4.187,833 1.242.442 1,289,377 3 , 027,000 3 , 177 , o4o l,5io ,7iS l,0 7 S ,5 3 2 2 , 780,000 4 , 134,910 1, 540,091 3 , 220,352 2 ,2 2 2 , 434 $4,527,000 3,1^0,137 12 , 225,790 4,072,750 9^3, S30 50 , 347,645 24, 930,560 74, 286,745 40, 698, 350 2.755.500 1 . 223.500 1,451,550 12,885,343 1, 136,300 2 , 129,000 37,781,073 1, 234,471 10, 628,320 14 , 892, S76 7 , 940,569 497,000 5,332,654 4,949,659 15,430,097 22 , 629,932 6 , 216,720 12 , 117 , ll4 15 , 686,135 7 , 060,027 1 4 ,4 4 3 .1 5 1 759,300 3,272,235 7,065,395 ltoO,550 Volunie of paper discounted and bought $ 39 , 554,261 23 , 866,202 $24 , 292,136 ^11 , 535,496 1 , 628,260 1 , 221,600 Average daily bill holdings 2 ,072,500 1, 742,065 450, SO0 8, 453,091 19 . 760 . soo **73,500. 7,434,676 10,237,211 5. 605.268 3,844,669 is, 71 s, 71^ 7 , 79S,746 3.765.268 4,457,553 10 , 306,125 2 3 .4 8 1 .8 2 7 22,866,359 S ,073,104 5,796,130 35,777,264 15,105,249 15 , 061,205 7,714,741 15 , 981,807 4 2 . 927.962 71 , 851,545 73 , 770,863 54 , 44s ,695 105 , 994,685 190 , 727,405 144, 934,019 435 , 641,051 995,000 780,000 GOLD RECEIPTS AND DISBURSEMENTS 'OOP. EACH FEDERAL RESERVE BANK DURING THE WEEK ENDING AUGUST 1, 1919 . (Figures do not include gold received from or paid to another Federal Reserve bank.) st.55s (in thousands of dollars.) R E C E I P T S In "exchange for F. R. Notes Credite to deposit accounts Total 'U. S. Government' Member ' All other ’ Other banks, 1 1 From U. S» 1 From Receipts S.___ Total 'General Account 1 banks 1 1 member s 1indivi duals r e tc. 1 Total ’ Government _ -gig— "54 145 199 17 17 4i9 11,216 664 10,664 10,000 52 72 133 128 119 6 119 9 3 285 72 61 11 213 213 4 40 4 36 36 1,446 1,^93 ^7 47 1.446 4 4oi 4oi 4o7 2 71 71 73 61 12 6i 2 10 73 65 62 62 3 3 109 10 10 93 .93 iOO --------r------— 1 16/ 2 a£J.£----, ...... 2,080 10l 213 2J11 12,924 .___2t922____ ... "247............... 384....... 17L936 ____ HJL S B IT R fLJELl/L T<; N T & _ I 1 In exchange for F- R. notes T Debits to deposit accovints 1 C H F I D E N T I A L Hot for publication Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St- Louis Minneapolis Kansas City Dallas San Francisco 1 To ' Other banks, ' To U. S. Government ' members 'individuals,etc . 1 Total Bos ton 128 958 21 New York 93 6 879 Philadelphia 879 1,321 Cleveland 1* 321 581 Richnond 581 1,103 101 Atlanta 1,002 757 Chicago 757 346 St* Louis 3^6 52 10 Minneapolis 42 l4i Kansas City l4l 10 103 Dallas 93 4 260 San Francisco________ 52 — 2r^.192. „_15. M “*5 _ a2-_£or_ Sys tem_ _2*3lf. 369 Excess receipts 4,665 145 Excess payments 4,889 » 1 FEDERAL RESERT7E BOARD DIVISION OFJffifCRTS STATISTICS AUGuSi c2., i-vi-? 1 1 U* S# Government i4 1 Member 1 1 banks 1 Total 9,521 9,521 10 10 8 16 8 16 5 5 l4 * All o ther ' 1 N. S. » 23 108 Total Disbursements 10,562 997 1,321 529 525 1,119 762 945 52 53 4o -- ~14~ ’10,199" 4o ? 3 9 /6 5 T 24,606 5,261 6,670 3,256 6,943 169 198 28 42 7,3^7 A I9T 7,703 STATEMENT HOB THE PRESS. Released, for publication Federal Reserve Board S-unday naming, August 2!+; August 2 3 , 1919* 1919; not earlier f CONDITION OF FEDEPAi RESERVE BANKS • Substantial reductions in reserve deposits, together with a considerable in crease in the holdings of war paper, are indicated in the Federal Reserve Board's weekly "bank statement issued as at close of business on August 22, 1919* During the week the war paper holdings of the Reserve banks increased by Uo ,1 millions, while other discounts on hand declined 9*1 millions. Acceptance holdings, owing to the renewed demand for this class of paper by banks all over the country, fell off 11 .5 millions. Louis and Minneapolis banks include Holdings of war paper by the Chicago, St. 69 millions of war paper discounted for other Federal Reserve banks, as against 71*^ millions the week before, and acceptance holdings of the Cleveland and San Francisco banks "are inclusive of Ul .H millions ( as against U2 .5 millions ) acquired from other Reserve banks. Redemption by the Government of temporary certificates of indebtedness, issued to the week before the Kew York and Chicago banks, accounts for the considerable decrease under this head. Aggregate earning assets show a decline for the week of 3 3 millions , Government deposits increased .7 millions, reserve deposits declined 9°<5 millions, largely at the New York Bank, and other deposits including foreign government credits decreased 11.1 millions. less than the week before. Neo deposits work out 6 7 *5 millions Federal Reserve note circulation increased 12.6 millioaaSt while the Reserve banks1 aggregate net liabilities on account of Federal Reserve banknote circulation is given as week "before. 215*8 millions, or 6,1 millions care than tne Export withdrawals of gold were partly offset by "old. deposits and account for a decline of o .3 -millions in the gold reserves . declined about 9 millions. Total cash reserves The banks1 reserve r..-vio, largely because of the reduction in deposit .‘.i ^ i l i t i e s , shows a rise fro-. > *9 to 51 *3 Per Cent 1 St .^oOst Seleased for publication Sunday morning August 24, 1519; not earlier . TWELVE TOTTER A T , RESERVE BJUNKS AT CLOSE OF BUSINESS £8<3IS? 22. -1919« STATEMENT OF COMBINED EESOUREES AHD LIABILITIES OF TEE August 23, 191s August 15, 1919 August 22, 1919 R E S O U R C E S $ 250 , 651,000 $ 260 , 507,000 Gold coin and certificates 55} 060,000 591, 206,000 579,480,000 Gold settlement fund - F. R* Board 5,829,000 Gold with foreign agencies 943.961.000 841,857,000 839,937,000 Total gold held ty hanks 1 , 018, 767,000 1,118,894,000 1 , 127 , 028,000 Gold with Federal Reserve Agents U0. i 23.000 ./ 121.836.000 IDT. 270.000 Gold redemption fund 2 082 587,000 2 00 051,000 $2, 07^ , 285,000 Total gold reserves & ; 136.000 ___ 52 , 215, 0QQ 68.416.000 legal tender notes, silver, etc. 2.151.723.000 2,055,266,000 2 , lU-2, 701,000 Total reserves 853. 508.000 1 , 522, 992,000 1 , 563 , 0^ 8,000 (Secured ly Gov*t. war obligations 5U0,2^-7,000 Bills discounted ( A U other 220, 3 ^7,000 211 , 262,000 23& 56& 0QQ 3 7 ^ ,375, 0 .00 ..3 6 2 ,,911,.0PQ Bills bought in open market 2.117.714.000 1,630,321,000 2 , 137 , 221,000 Total hills on hand 27.098.000 30,624,000 27 098,000 U. S. Government hands 274,000 209,000 U . S. Victory notes 295,727,000 * 2 3 ^ 9 ,0 0 0 237,8^7,000 U. S. Certificates of indebtedness -____________ 62..000 All other earning assets 2 . 813.000 1, 684, 48^,000 2.402.375.000 Total earning assets 11 . 806.000 11 806,000 Bank premises 89, 631,000 102,748,000 Gold in transit or in custody in foreigi countries 601, 933,000 928, 030,000 865, 927,000 g fo 3,9.9,.000 Uncollected items and other deductions frcan gross deposits 763j .i ?.9«oo Q 958,000 11 , 313,000 11 382,000 5$ Redemption fund against F. R* bank notes 11 . 294.000 9, 503, .0 0 0 . s,m ,ooo All other resources 5.553.188.000 4,353,987,000 5 . 444. 096.000 TOTAL RESOURCES L I A B I L I T I E S 84. 400.000 77 , 750,000 84.730.000 Capital paidr-in 81 . 087.000 1,134,000 81. 087.000 Surplus 173 . 027.000 ** 58, 590,000 103.330 .000 Government deposits 1,459,480,000 1 , 772 , 365,000 1 , 679, 834, ooo Due to members — reserve account 450,9^7,000 ** 670, 539,000 605 . 812.000 Deferred availability items 112.597.000 109.210.000 qg.D98.000 Other deposits, including foreign Gov’ t, credits. 2 . 616 . 704.000 2 , 196, 051,000 2 , 487 , 074 , ooo Total gross deposits 2 , 5 ^ , 904,000 2 , 032 , 837,000 2,553,53^,000 F- S* notes in actual circulation 209 , 709,000 16 ,864 ,000 215 , 795,000 F* R* bank notes in circulation, net liability 20.384.000 . 29 , 351,000 2 1 .876r000 All other liabilities 5 . 553 . 188.000 k , 353 , 987,000 5 , 444, 096,000 TOTAL LIABILITIES ♦Includes one year Ratio of total reserves to net deposit and F» R« note Treasury notes 50 . $ 56 . 7$ 51 -3 $ liabilities combined Ratio of gold reservss to F-R- notes in circulation after 61. 4$ 73-7$ 61. 7 $ ** Amended figures setting aside 35 /^ against net deposit liabilities $, , , } - , , .. , > Released for publication Sunday morning August 24, I 919; not sarlier. WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS AUGUST 22,-1919R E S O U R C E S Eos ton Gnld coin and certificates______ 5 ,^ 2 ' S i d B o u i S e ^ t o d ! M J o a r t J l ib2 - •• St~5oOb (In thousands of dollars-) New York Phi la- Clevel* Eichrru Atlanta Chicago St-Louis Minn- Kans *Cv. Dallas San Frarv ■l 6l , 390 87^5 628 27,465 He.joH- 5£ 2,365 . 29,399 7,910 24,082 2,52* 8,384 l4o io.930 131.176 30,169 3M 50 53,127 10,676 9,511 260,507 36 4 6 ^ 4 ? ? ^ ° 7 2 ,5~9^ 2^8,575 51,332 80,031 3 1 , 1 8 , 8 4 0 155,258 32^93_ % 2 , 534 53,267 15,420 V i , 679 Gold with Federal Reserve Agents- 70,252 283,270 7 7 ,5b6 120 ,66 2 25,852 44,006 26^,4o2 53,891 35,261 51,120 Ifjjf® ^ ’ S S o l ’L Gold redemption f u n d -------- --------------- ----- :— 121— J,iA ( 8— ^.iirX3_ — JLiLO — _j5 _3— ? ^ ili^n ilin Total gold reserves — ------ 159,581 557,162 127,717 2 0 1 ,^ 1 65 29U 6 8 ,11 9 ^5 6,5 53 81, l5o, 825 Legal tender notes, silver, etc--8. l 6j 59, IP S _________ dP3______ 85_8__ — ... It..3Q9 ...Aj2-JJ-- HjJ2.20--- 72 -- 12__— , > ---^110’ 7m Total reserves___________________ 167,755 606,270 127,986 202,349 65,728 69,528 54S, Ip- 97,0lU 81 ,¥56 98,983 36,50^ 141,084 2,142,701 ' V Total gold held by banks _______ Bills discounted: ^oUigations^al-------*______ 107,163 All o S r ___________________ S 517 •_Bills taught in open market (b) - 35,756 Total bills on hand___________ T5I7536 U* 8 - Government bonds — ----- - !?3S 619,361 180,285 100, 1S1 73,373 “6 978 17 192 11 110 1^272 105,8“3 772,182 812 U6. 660 7,“25 198,289 157,951 95,070 1, 0 7 1>Q9^ 78,167 158,“ 50 60,095 13:37“ 20,025 9,“58 4,861 “5,722 8,500 96,'402 25“ ,157 78,053 1, ?3^ 37^ ^,^77 30 . 66U 3 5 , 70“ 33,712 3,836 21,195 55.695 ll6 1*3-53 U. S. Victory n o t e s --------1450 5 U .S . certificates of indebtedness 21.5)6 65.170 25.902 21f923 8,495 11.979 32,.6.12 17,068 173,525 838,659 225,576 180,968 105,799 108,762 291,286 96,275 Total earning a s s e t s ------Bank premises---- --------800 3,995 500 875 %7 563 2,936 691 Gold in transit or in custody in . foreign countries--------- 102,758 Uncollected items and other deductions from gross deposits — 59,291 186,553 7-1*-669 66,836 62,417 29,555 85,299 57,776 * 51° Redemption fund against F. R. bank n o t e s --------------1, 0J 2 2,24$ 1,293 96b 448 579 1,799 S4o A ll other resources------------- 341______2,306 752 ___ 9 97 1,052 329 1, 557 609 tot,\l RESOURCES---------- 4o2, 673 l , 742,769 427,776. 552 ,991 234,281 209,015 (a) Includes bills discounted for other F.R. banks, v i z . '--- _ _ (b) Includes bankers' acceptances bought from other F-B»banks: % t h their endorsement — Without their endorsement - - _ _ - _ 5,585 _ - 831,021 38,990 - 243, STS6 S 15,970 375 93 15,000 67,53.9 28,823 852 ^7 ,0 9 - 41,562 763,179 1 460 450 11,382 5 5 3 ___ 586--- §50--- 2*-2Q5_ 3^6 ,8 1 45 ,4 4 4,09 6 - 68,990 - 2,633 -102,748 204 161,294 255,939.136,719 15,000 - 3>9C)6 l50 ~ " 7 .55_0 12jJJ2.-- 6 , 3QQ 6 . JbO--237 63,501 86,620 70,137 l62T4oo 2,402,375 502 308 ' 400 11,80b - 50,893 ^ ^ .o - jZ 29.253 20,3“ S 16,899 211,262 23 811 85,303 . 362 ,9U 64,980 59,871 153,095? 137,22a - 35,879 ~ ^l»3o3 Eslaasad for publication Sunday morning August 24, 1919; not earlier, WEEKLI STATELIEST OF RESOURCES AND LIABILITIES OF THE EEEERAL RESERVE BANKS AT CLOSE OF BUSINESS AUGUST 22, (In thousands of dollars.) L I A B I L I T I E S Capita --------------- I g g g . . _______________ q’ bQS ^ p ^ ^ r v e ' I w o m t l 105!027 Deferred availability item s-— 51,121 gT g & 7,752 28*812 7 5l4 7.SS3 6661383 102,338 1 2 M 5 3 l49 ,359 62,409 53,302 3 ,3 3 . 1, 8b4 55,397 52,434 6,073 10,302 44,752 247,529 24,201 70,293 2>,93* 12,g3? 103,^30 9 i,9?« 1 » ^ 9 ,8 3 4 19,3-^ uO;>,6x2 192,o46 113,492 77,967 339,165 1 » , J 0 0 J l ,a § o 136,951 7^,9*2 122 , 969’ 2,487,074 ' Total gross d eposits___________ 171,739 228,032 179,565 F-- f . notes in actual circulation 195,600 749,975 208,527 225,44s 104,455 112,991 >+34,726 6,702 3,797 2>94l 6,184 63,295 3 9 ,^ 0 4 ,5 /9 51,213 12,40, ^ T J O S I ,057 U.577 5,044 81,41 40,671 5.83^ 7.30^ 19.19- u } > $ Cn ^ °905 St«fo°oos ^ . 0 tf S , S ° J c ' o r S o i t dS f d i t s ____ 43,484 oz.'jSvc 10,321 _ 3 , j . 2 ^ _ 2 1 3 106,260 3,1^0 457745 ^ 77,231 92,966 46,807 1S2.4EB 2, 5 5 3 3 3 ^ net iiatilit 7 ----------All other l i a b i l i t ie s ---- - 21,436 1.750 42,056 25,046 18,807 7,907 11,091 33,001 16,449 b,SS 0 1^,050 2,812 8,150 2J5.7S5 7.759___ _________ U E l ___ ^ 00 3 ______ S 0 _ _ ^ 5 4 _ --206--- 650-- 1,122--- <£1-- 1,612-- 2 1 ^ £ 6 TOTAL LIA B ILIT IE S____________ 4o2, 673 1 , 742,769 427,776 452,991 234,881 209,015 531,021 243,204 161,294 254,939 136,719 3^6,814 5 , 444,096 M E M O R A N D A Contingent lia b ility as an dor so r on ~ Discounted paper rediscounted with other E* R ‘ b a n k s ---Bankers 1 acceptances sold to otner E*R» b a n k s -------- r ^ non 10,99^ ~ “ 2,^0 0 ~ ^ 1390 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION, F . R* notes outstanding F. E. notes hold V ----- 202 139 b aS k ----- 6. W F.R-notas in actual circulation 195,600 Bills discounted----------Bills bought in open market-- U-S. certificates of indebtedness 828, 9^2 216,973 237,5^9 109,282 118,316 ^62,157 12^,295 78. 993 8. UU6 12.121 M 33 5,325 27,371 80,107 18,035 2 , S7o 7 U9 , 575 205,527 225 , W s 10 1*, 1(55 112 , 9 S 1 Itjit, 786 166, 260 77,231 99>^57 92,966 >*6 , 807 198 ,>88 2,553 , 53^ DISTRIBUTION OF BILLS AND U, S- CERTIFICATES OF INDEBTEDNESS BY MATUEITIES. Within 15 d ^ s l 6 to 30 days 31 to oO days 6 l to 90 d^ys &yrf 90 Total 1 Lj.gg 31 I4. 47,316 144,035 2 4 ,9 9 ‘> 9,652 1,77 ,310 * gL|/ 915 72,696 145,246 ^>0,054 _ 3 ,> 22*839 11,751 19>&75 2^60o 152,77^ ’ j4‘ Released, for publication Sunday morning, August 24, 1919; not earlier- St.560d STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS AUGUST 22, 1919 . (in thousands of dollars-) Boston New York Phi la. Clave 1. Richrav Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, S»tal FEDERAL BESEBVE NOTES: lie ceived froia Cajiptr oiler - - - - - 369,320 1,717,420 “ +32, I SO 38&^5"6o 230,obG 244,CCu O<j0,o40 2^4,120 137,380 1(2,720 105,l60 312, GoO 5,019, o i0‘ id .to Comptroller------- 139, 161 Charp^e'oie to F." R . A gen t________ 230,159 In hands of F- R» A gent_____________28,020 Issued to IP, P.*- bank less amount returned to P * A g e n t for re. cn - -- -- -- -- -- 202,139 753,452 186,427 124,271 363 , SoS 246,353 26l r % jT"b00 135,000 29,380 ZhrfSZ 33,514 137,766 28,478 65,074 194,243 §3,115 40,$13 175,326 4s6,597 141,005 96,467 60,6l0 24,4^0 16,710 828,96s 216,973 237,569 109,282 118,316 462,157 124,295 16,360 SO, 107 63,203 38,522 £5 ,6 0 7 1 ,872,302 109,517 66, 63s 226,453 3 sl 4 b 7 W 9,860 17,120 6,700 3S?i49s - 49,518 213,753 2 ,748,740 99,657 COLLATERAL SECURITY FOR OUTSTANDING JV\j CjL~ J- Gold coin and certificates on liand _ _ ___________________________ - 183,740 - 18,125 - 2,500 12,252 19,539 19*677 12,537 1>352 4,506 Gold settlement fund - F-R« Board - 58,000 £0,000 57,889 90,000 24,500 37,000 256,625 545,689 l 7iQ1407 116,907 83,4^6 74 ,3 10 Gold redemption fund ------- Eligible paper, rsiniuruEi required Total - ------------------ 131,887 202,135 AMOUNT OF ELIGIBLE PAPER DELIVERED TO F- R* A G E N T ---- ------- 151,436 828,958 216,973 8,837 13,052 1»960 2,409 51,931 18,800 13o,695 - S,Sj,l - 2^6,248 3»760 2,473 15,^48 104,350 37,360 5*184 79,141 796,430 70-404 ___45,84b5.8,531— 237,569 109,288 H 8 ,3 i 6 462,157 124,295 80,107 99,°57 33 j-S^O_125j.^.6h-_1j.fofl,7,12 49, 51 s 219,753 2,74s,74o _ 771,993 l 4 l ,724 156,981 91,111 88,819 254,188 76,329 50,308 64,980 59 , 8 7 1 1 ^ 0 , 9 2 5 2 , 039,265 St .561 s w m m i FOR THE PRESS. Released for publication Kin day irnrning, August 25 “..... j; not earlier % Federal Reserre Board ■ August 23 , 19'i9 * CONDITION OF MHflBER BANKS* Aggregate increases of l6**»S millions in loans and investments, of which 3^*7 millions represent net additional investments m Treasury cerbnicates, accom panied hy gains of 3 21*1 millions in net demand deposits and of 7J>#^ millions in Government deposits are indicated in the Federal Reserve Board4s weekly statement of condition on August 15 of 7^9 member hanks in leading cities - Practically no changes are shown in the totals of United States honds and Victory notes on hand, while war paper holdings show a decrease for all reporting hanks of 6.S millions. week of All other Icars and investments show an increase for the 132*3 millions, hy far the greater part of this increase being shorn for the hanks outside of New York City* For the first time the statement segregates the’ amounts of loans secured by • stocks and honds, other than United States securities* 2,9^6 millions, of which ■The new i^em aggregates 1 ,310.0 millions represents the amomt of such loans carried hy the New York City hanks* Aggregate holdings of United States war securities and war paper increased from 3 ,U5d .6 to 3 ,’lSo .3 millions and just as the week before constitute 2 3 .k per cent of the total loans and investments of all reporting hanks. City hanks an increase in this ra.tio from For the New York 26.3 to 27*7 Per cent is noted. The week saw cons:’1dorah Is concentration of Gov ernment deposits at Nevr York City hanks, while gains in other demand deposits (net) were more evenly distributed among all reporting hanks. As against a reduction of •^■•5 millions in cash on hand the hanks report an increase of Federal Reserve banks. 5 .S millions in their reserve balances with the f ■ xoasoa xox- publication aion-jxy uiorning August 25, 1319; i ot earliar. S t . 561a SiAl'SOTT SHOWIN& PRINCIPAL ESSOUECE iSD LIABILITY ITJMS OF I/EMBER BANKS HJ LEAMNGr CITIES. 1. Comparativ3 data for all rsporting Panics.____________ (in thousands of dollars.) tog .15,1313 * Feb .14,1919 • 770 773 771 circulation - - - - - - - - - - - - - - - - 26s,988 270,231 260,095 262,760 Othor U- S. bonds including Liberty bonds - - - - - - - - - - - - 641,359 641,315 652,490 693,571 U* S. Victory notos - - - - - - - - - - - - - - - - - - - - - - - 32s ,407 32S ,671 - - 1 ,133,036 1 ,160,302 2,222,332 1 ,729 ,17s Total U. S* socuxitios - ----- ------------ -------- 2 >37,730 2 ,400,519 3A72,917 2 ,690,509 Loans sscured by U- S* bonds, otc- — - - - - - - - - - - - - - - 1 ,319,521 1 ,326,236 1,0<30,030 1,153,467 Loans secured qr stocks and bonds other than U-S~ securities 2 ,345,970 ( ll,o4l,2S3 10,423,511 9 »362~7o4 U. S. bonds to socutj * U* S- Cartificatas of indebtedness r May l6 ,1919 765 ifumbor of reporting banks - - - - - - - - - - - - - - - - - - - - * Aug -3,1919 * -- ( ( All other loans and investments - - - - - - - - - - - - - - - - - S.7227,5S9 Reserve balances with F- R . bank 1,353,033 1 ,353,345 1,317,760 1 ,225,311 346,705 351,220 360,596 336,454 10 ,565 ,77 ^ 10 ,744,722 10 ,571 ,5^7 9,9^3,569 1,332,7©! 1 ,332,694 1,713,354 1,623 ,370 G-overment deposits - - - - - - - - - - - - - - - - - - - - - - - 624 ,494 551 ,4o6 434,34s 552 ,634 Bills payable with Federal Reserve bank - - - - - - - - - - - - - 1 ,005,066 1,033,510 1 ,312,063 1,073,930 ---------- 320, 297 333,310 243,002 322,357 r Ratio of U* S« war securities and war paper to total loans and ^in v e stn e n ts, per cent - - - - - - - - - - - - - - - - - - - - 23.4 23 .4 27 a * Cash in vault - - - - - - - ---- ----- - - - --- - - ---- Net demand deposits - - - - - - - - - - - - - - - - - - - - - - «, Tine deposits Bills rediscounted with Federal Reserve bank 26 .< Released for publication Monday morning August'25, 1915; not earlier. ~Trr,T^o Si Sblb STATEMENT SHOWING PRINCIPAL RESOURCE IITD LIABILITY I THIS OP li-MBaS BANKS U* L^.DIi.G- oI^Le*,-. bt*5Dit) p n -,+,1 fnr a n r , ™ r tins; banks in each district, as at close of business August 1 % _1519j:-- (in. tnousanas, of dollars^; -- -- ------- ---- ----- Boston K e „ W FbiJ.a> 0 ^ 1 . Me to. ^ a n t a < ^ 0 St^ouis ^ . C ^ a s San^an. .of l 5 & S £ f 5 * .£ £ ! Other U .S . incl. Liberty bonds 55: s ! ; » I u n « t3 s of Total u. s. socuritias — -— lM < * 17 379 4s , 060 * , 6o6 57:116 100,190 w .b o 961,677 11,596 35,011 119,157 41,858 25,744 1U.715 g , 638 37,868 26,528 20,583 6 o > 33 1 0,839 117,773 i98>-j 3^, 236,074 54,21, i , t o ; 539 i S ’. o ll 283 :o5o io l: 7 U8 j * j | . & « £ t & M * 439:700 777:839 w h * 275: 5 0 8 1 , 206,592 Reserve balances «itii F .x . b«*- 76,256 684,183 69,188 89,761 36,286 30,296 176,502 22,859 118,788 16,138 30,770 16,199 12,836 63,799 Cash in v a u l t ------- --’ 957 Uf 93^278 66 < 5 ^ 8 2 1 , 3 6 2 335>9 260’ , 036 1,373’ ,773 Net demand deposits-------- 752 i r - s r s ii'ill other ?iiu3 p 5 IZ S r & z & W i 11 S22 deposits------------ 111 +A -t 56*257 331 70s 21 9U5 292,616 91, 9^1 115,230 322*574 4i* 157 35 496 15 950 19,357 Ix^le tx;1 ^ 50:979 17, 155 16.167 7,120 U .l | i4,2l6 g ,2 g02 15,050 23,702 35711 18,727 1 „ ,7 £ ,5 3 3 je m s M 23,935 7,952 3 0 ,4 u 15,054 22,06, 9,665 l',3191521 s ? i - M o0,734 20,898 1,359,099 . 3^ , 320_*_297__ q t.iar 10jjQj. uxii^ P.R.branch cities banks Aug. S'--- Au§ ']p AxLg\ ? 0 71 71 44 44 260 ft ?--7 ^7,7 10° ^24 102 730 Ember ox reporting banks--------и. S. bonds to secure circulation--Uo, 1 $ 3^,363 1,3^9 1> 1 9 105,070 l ^ .^ l o ^ 7 <g»g7 ^ 2 089 l4l’ 2 s Other U.S.bonds including Libertj bonds 265,392 267,103 21,501 21,930 322, ££> 3 3f3 7 ,»5° » fii’ anx 6P), OQ3 U. S. Victory n o t e s -- ----- ----115,890 111) 872 23^52 2**) 954 190,611 !87,677 J M 5 7 75,637 lSl’ ols u. s. Certificates of indabtetoss — - 391*,738 H55.U68____ lii,9 3 9 ___ 113.92X-- g y | 7 a | fe 255,39° ^ I | i ----- ^°o ’ ° f |lotal U- 5 . securities----------a 6 !lS 3 872,806 l6 0,7fl 1®;22U 1 .^ 9 . ^ J’ ^ , 5 2 7 510,753 5OT, 0rt »70,097 W .2 5 , Loans secured U .S . bonds, ate---672,703 681,093 72,822 70,731 i , 066,324 1,061,2^3 135,7>*0 13^, J 5 12“ . 222 123,q97 Loans secured V stocks and bonds--- , , . . (^,310,336 £56,331 > » 3^* ,> t'v jv ™-p . q[,, ggg X, Rqp’ pp i All otnar loans and in v a s t ^ n t o -- — 3.890,975(2,611,952 916,^22 (669,274 7,3f5, 8|S <5 164,516 1,771, °S9 l66’ 608 647,334 648,428 120,4 33 118,193 1,018,166 1,015,136 170,311 177,355 164,868 lo6,608 Reserve balancas v,ith J .E . b a n is ---- Tiiie daposits ---------------Government deposits------ ----- -— 271,106 231, (L( S m £ £ IS ! s s r ™ ^ :? 4 j Ratio of U .S . war securities and war paper y total loans and inv3sta3ntsypar cant ^o«.9 u Chicago Aug.'S---Aug.15 26,753 3 is’,502 257!073 ^ 1,652 511 . 29s 444,476 99»9U 56,907 77,999 30,20U 207, 9^2 1,862,701 ^7,53^ 22,464 16,516 24 7 is i4,l44 .^>3^7 * ^ . s t o 22,032 ^ ^ jm * w .* * -- ■t/J’ J? Bills ro^sco’ontei_wife_l’^E-baak__^Ji|Op____lJ|-?<_622___^j_775— IJjjHOO— — 5j 335---IPjJJi?— 29^3^-.-- ?JJ:— з . Comparative data for banks in Federal Reserve bank and branch cities and all other reporting,,,.panks_._ -------------— c---_—■ — ---- ----New York Aug- & -Aug. 15 |6S ,988 641,359 ^ ,7 0 9 ^ . ^ . * 5 271,859 39,482 n , 707 b 34,605 4 l ,g 2 2b7,93« 3 U*+, (oa , i : S i l ? :! ! u ’ i 1W : f e 3 # All P-R-bank cities Aug.'S----Aug.l5 § & : i 7 , « ^ i.ii, ’Ilk * s :« i c-7 -7 ^ > 1 2^ u 27^7 c:U«*x ' in ^ <?m 95* I is?7 U7 c; 2 9 :» » 23^ g ?2R l lU6 “ 6:723 ^ ^ & 1 lUn ^42 w c w 13^ C O N F I D E N T I A L Not for publication RATIO OF TOTAL RESERVES TO COtiBINED FEDERAL RESERVE NOTE AND NET DEPOSIT LIABILITIES}; RATIO OF GOLD RESERVES TO F. R* NOTES IN ACTUAL CIRCULATION, S t .562 AND OF GOLD AND LAWFUL MONEY RESERVES TO NET DEPOSIT LIABILITIES OF ALL FEDERAL RESERVE BANKS. -Jkugust 22, 1919* Ratio of total reserves to net deposit and F.R. note liabilities combined Aug. 15--Aug. 22 Ratio of gold reserves to F.R.notes in actual circulation after setting aside 35$ against net deposit liabilities Aug. 15--Aug. 22 Ratio of gold and lawful money reserves to net cLeposits Aug. 15— -Aug. 22 Ratio of gold reserves to F. R. notes in actual circulation Aug. 15--Aug. 22 Boston 55.6 51+.5 67.6 65.6 72.6 71 .S 145*6 1+1+.5 Haw York U5.3 1*5-0 54.2 52.9 50.0 1+9 . S U1.3 1+1 .1 FniladeIphia 1+1.6 I40. 1+ 45.1 U3.3 1+3.6 140.0 1+0.6 Uo .7 Cleveland 54.0 57.7 65.1+ 70.3 53-2 61+.6 54.5 53*9 Richmond. 1+1 . g 1+2.3 1+5.6 1+5 . s 5S*9 63.0 32.6 32.1 Atlanta 1+5.3 I+9.5 1+6 . 1+ 1+9.0 1+1.5 1+3.9 1+3 .6 Chicago 60.7 65.1 76.2 82.6 1+6.2 61.6 69.4 67*1 St. Louis 59 .U 56.5 7I+.I 69 . S 61.2 5 7 ’0 5 S .3 56.3 Minneapolis 62.S 61.5 S2.3 so .5 SO.g 77*3 50.2 50-3 Kansas City 59*2 61.0 so . 6 S0.3 72*7 76.9 1+1+.0 I+9.0 Dallas 1+1-9 39-3 1+7.7 1+3.5 1+3 .2 3 S .1 Uo.s 1+0-5 San Francisco 50.5 1«.3 57.9 55.7 55^ 52.6 k&.O 50.9 51.3 61 . 1+ 61.7 53*9 56.0 1+g.S TOTAL FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS AUGUST 26, 1919 1+3-0 ..if f *9 ... 1+2.3 St.564 C O N F I D E N T I A L Not for publication RATIO OF "FLOAT" OF EACH FEDERAL RESERVE BANK TO IMMEDIATELY AVAILABLE DEPOSITS. (in thousands of dollars..-) 1 1 ’Uncollected1 Deferred 1 1 items ' availability 1 ' ’ 1 items 1 1 1 f Federal Reserve Bank "FLOAT" ’ "Float" after adding net debit ' "Float" after deducting National and F. R. bank notes, also net investment in 1 Ratio to ' or deducting net credit in ’ transfers froia second calculation 1immediately ’ Saturday's settlement 1 t Ratio to immediately /mount ' available ' 1 Ratio to immediately ' available deposits • deposits ' Amount ' available deposits 1 Amount 1 Per cent Per cent Per cent 59,291 51,181 8,110 6.7 S.5S9 7 .1 is 4,o 43 149,359 34, 684 4-7 48 ,479 Philadelphia 71,669 62,Uo9 9,260 -7,9 10,37S Cleveland 66, S36 53,308 13,528. 9 .8 8,178 Richmond 62, U17 52,^34 9.9S3 16 .4 Atlanta 29,454 24*201 5,253 Chicago 85,299 70,893 St. Louis 47,776 Minneapolis Kansas City Boston New York Dallas August 22, 1919 . 2,324 6-9 6.6 48,479 6.6 S,9. . ao,578 9.0 5-9 7,530 5-4 5,249 8.6 5 , 16s s .5 9,8 2 , So4 5.2 2,5S5 4.8 l4,4o6 5.4 17,707 6.6 12, 885 4.8 39,696 8,080 11.0 8,893 12.1 7,689 10.5 15,970 12,407 3,563 6.1 4,439 7-6 3,620 6.2 67,539 46,671 20,868 23 .1 17,009 18.8 s, 159 9.0 28,823 23,934 4,889 9.6 6,521 12.8 4 ,229 8.3 20.3 16.621 15.2 8.142 7.4 8.2 154,867 8.2 127 , 3 SS 6-8 • • San Francisco TOTAL 41,562 760,679 .... 19,319 605,812 FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS AUGUST 27 , 1919 .... 22,243 . 154,867 C ON F I D E N T I A L Not for publication COMPOSITION OF UNCOLLECTED ITEMS AND DEFERRED AVAILABI LI TY ITEMS. ( In Bank UNCOLLECTED ITEMS 'Checks' National Bank' ' * 1 and ’ notes and ’ ' 1 Clearing 'other *bank notes of'Transfers 1 All other ' 1 casfe 1 house other ' bought 'uncollected1 Exchanges 1i terns ' F. R. banks ' 1 items 1 265 1,000 631 20, 91S 8,444 - Philadelphia 4,310 2,574 - Cleveland 4,702 6 44s Riclmond 3,462 65 • SI Atlanta 2,837 192 219 Chicago 4,965 St. Louis 1,446 Minneapolis Kansas City Boston New York • Dallas I 1 Total 1 1 August d o lla r s . ) 1 22, DEFERRED AVAILABILITY ITEMS f I ' Gold ' Settlement ' Suspense 1919* 1 1 Transfers 1Government1 Other ' 1 transit 1 trans i t ' sold 1 items 1 items * Total 56,595 59,291 17,794 - - 33,327 51,181 * - 154,681 184,043 70,060 - • 79,299 149,359 - 64,785 71,663 23,233 704 37,672 62,409 6i,4ao 66,836 15,507 - 509 37,292 53,30S • 58,809 62,417 20,864 - 2,146 29,424 52,434 - 26,206 29,454 4,688 - i,6 l4 17.S99 24,201 • 200 200 4,325 75,512 85,299 28,405 - 1 , 178 41,310 70,893 163 554 650 44,963 47,776 15,361 - 132 2 4 , 203 39,696 1,471 l 4i 77 s 13,679 15,970 5,542 - 251 6,614 12,407 1,237 374 370 s,4so 57,078 67,535 9,437 - 37,234 46,671 523 1,564 23s 2,074 24,424 28,823 7,672 20 2,265 13,977 23,934 22 157 8,325 30,124 41,562 5,110 3 742 13,464 19,319 14,036 2 .S 70 24 ,832 668,336 760,679 224,273 223 9,541 371,775 605, S12 1 50,605 - .. FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS AUGUST 27 , 1919 1 1 o f 497 San Francisco .... ...2, ^ TOTAL th o u sa n d s St.564a - FEDERAL RESERVE BOARD X-l66l FUND GOLD S E T T L E M E N T CONFIDENTIAL Summary of transactions for week ending August 28,1919?______ (In thousands of dollars) Settlements from August 22 to Aggregate A ggre gat e I : Balance August 28, I 9I 9 both inclusive Gold ^withdrawals deposits & : T R A N S F E R S Gold : last Federal de- :& transfers transfers : with : statement Reserve Total Total Net Credit from : Debit posits :to Agent*s drawals :August 2 ^ Bank of Credits Debits Debits Agents "Fund fund i ’ 115,001 104,996 9.000 Boston : 65,741 327, 028. 27,942 404,325 5.000 77,297 5.000 Ty'0W York i 105,021 124,663 125,255 5.000 105 1,069 2,000 105 Philadelphia : : 40,053 110,009 92,409 6.000 482 2,000 482 45,864 Cleveland 2,000 134,261 129,658 33,000 8,600 6 38,025 6 8,600 idehmond 27 ,3 '0 32,586 35,143 1,000 2,557 1,052 Atlanta 5 5 1,052 13,556 166,454 159,440 16.069 17.000 509 7,320 Chic ago 509 131 *576 15,800 91,556 91t773 237 12.000 2.000 525 2.000 2 S . 5C2 10,525 St, Louis 26,247 23,710 9,000 82 7,225 82 32 ..8^ Minneapolis 71,365 :65,703 10,942 24 40 24 40 Kansas City 5 4 ,75? 40,001 39,320 3.000 2.000 2 02-9 84 84 2,029 Dallas 4,520 3 1 ,m 2.000 31,393.. 2.000 iLOQPJLUQQ L San Francisco JL3.QQ 29,955 1,303”!'133 = 80,091 108,036 r 80,091 1,303,133 108,036 21,883 39,280 Total 5^0,775 ! 9.960 21,883 , F E D E R A L Federal Re serve Agent at Balance last statement August 21 *• R E S E R V E 1919 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St.Louis Minneapolis Kansas City Dallas S'nFrancisco Total 58,000 z 80,000 67,889 90,000 24,500 40,000 255,425 51,931 A G E N T feT F U N D Deposits Total thro^Lgh with transfers from bank drawals :Withdrawal; Gold rior trans Gold with deposits; fers to : Bank drawal s — — 10,000 — 2,000 3,000 5,000 2,000 p— — — ,— — 18,800 — — : — 37,360 — 5,184 1,000 79,140..... __ — 808.229 : 23,000 : : : : : : : : : : : — 2,000 10,000 7,320 10,000 2,000 3,000 5.000 2.000 :Baiance at jjclose of Total de-posits business August 28, ___ I 3 I 9___ 2,000 90,000 22,500 37,000 7,320 10,000 37,360 —— . 10,000 29,320 .23,000 Decrease 129,320 :Sl4,549 7X67746 60,666 42,681 55,946 35,542 11,046 131,848 23,540 33,676 49,461 8,146 44,080 : 563,378 Increase 1,005 49,355 4,523 11,600 422 3,557 6,083 3,563 762 5,280 4,184 1,000 close of business Aug.28,1919 1 Summary of changes in ownership of gold by banks through trans fers and settlements 257,745 59,931 18,800 — .. J!-— — -: 58,000 80,000 59,889 Balance in ^ fund at 58,614 1,681 .. 29 , 39-7 58,6 i 4 SOLD RECEIPTS AiMD DISBURSEMENTS OP EACH 1EIEEUL RESERVE BANK DURING WEEK ENDING AUGUST (Figures do not include gold received from or paid to another Federal Reserve bank, ,15- 191S St.569 ______ (In thousands of dollars.) ____________ R E C E I P T S i Creditsto deposit accounts 1 In exchange for F» R» notes 'U. SGovernment' Member * 1 Other banks, ' All other 1 Total Fran 1 From U« S» 'General Account ' banka 1 Total ' individuals,etc. Total ' N- S. Receipts 1 Government members 145 145 38 107 Boston 10 , S13 43S 10, 438 10,0 0 0 76 305 56 13 New York 121 121 11 132 6 5 Philadelphia 154 154 282 113 15 62 51 Cleveland 8 47 55 8 47 Richmond 46 46 2,013 1,367 1,367 Atlanta 21 6 4io 2 4 3 s3 Chicago 2 l 57 1 53 St. Louis 16 50 50 75 1 s 9 Minneapolis 8 23 31 23 D Kansas City 150 _ 125 25 125 23 Dallas 156 2Q0 10 156 34 l ii OcUi jJJLoUio icuv 14,369 J&^QOl________ l ^ 3 6 _ _ — 11^52.7 _ 363 Total for System_ -k26?________252___ _________ 13}________ f S B U R S E M E N T S 1 t 1 Debits to deposit accounts 1 In exchange for F* R+ notes 1 1 U* S. 1 Member 1 All 0ther * Total To 1 Other banks, 1 ' To u. s. 1 1 Government Total f banks individuals, etc.*1. Disbursements ' Total ' .... N. S. ’ 1 Government 1 members 1 166 166 2 164 Boston 5,7 1 2 6,715 5,712 49 954 343 5 New York 120 4i9 533 419 Philadelphia 1,710 — 50 1, 66o 1,060 Cleveland 2I}. 289 2^ 265 265 Richmond 1,483 1,480 3 1,480 3 Atlanta 649 649 649 Chicago r* 816 654 162 162 St. Louis 46 46 Minneapolis 43 3 — 125 15 110 Kansas City 110 229 > 42 313 i +2 42 10 Dallas 32 3,687 128 1 3,559 72 San Francisco 35l _6fcosi_ __Total, f or_System____ 6„QQ5____ .-5JS1____ I __________ .J S . .J l l 10,001 170 189 5,si6 Excess receipts 2,169 4,307 4,185 3 , 67s Excess_payments___ ______ Q N F I D E K I I ' A l Not for publication FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS AUGUST 29, 1919 - - — - — • - __________________ ............... _____________________ —, -