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1 ’ , I ^ ; STATEI/ENT FOR THE PRESS. Released for publication Sunday morning, August 31 > 1919; not earlier. St. » 57 O Federal Reserve Board August 30 , IS 19 CONDITION OF FEDERAL RESERXE B M S , Aggregate increases of U6*2 millions in the holdings of war paper accom panied by slightly larger additions to reserve deposits are indicated in the Federal Reserve Board1s weekly bank statement issued as at close ot business also ^ _ . on August 29) 1919* statement/shows an increase of 27-1 millions in .federal Reserve note circulation and a further decrease of 7*5 millions in gold reserves. As against the considerable rise in the amount of war paper on hand the banks1 holdings of other discounts fell off 5 holdings underwent but little change. millions, while their acceptance Treasury certificates, on the other hand, show an increase for the week of 5*6millionsv Holdings of war paper by the Chicago, St* Louis and Minneapolis banks include 53*7 millions of paper dis counted for other Federal Reserve banks, as against 69 millions the week be tore, while acceptance holdings of the Cleveland, Kansas City and San Francisco banks are inclusive of 39*^ millions (as against Ul*U millions) purchased irom other Federal Reserve banks % Government deposits show a decline for the week of HS.S millions, reserve deposits an increase of 50*1 millions, while the "float 11 carried by tne reserve banks declined 11 millions* Net deposits work out about 8*7 millions in ex- csss of the previous week's total. Total cash reserves fell off 6.7 millions. The banlcs' reserve ratio because of the reduction in reserves and the increase in both deposit and note liabilities shows a decline from 51*3 to 50*7 P~r cent, Ibl-.i-j.s3d for publication Sunday tuoraini, August 31 lqig- not earlier STATEMENT OF COMBINED BESOUBCIS i’ JrlB LIABILITIES OF THE ‘ D'ELVE FEDERAL R E S O U R C E S Gold coin and certificates Gold settlement fund - F. R- Board (Gold with foreign agencies Total gold held try banks Gold with Federal Reserve Agents Gold redemption fund Total gold reserves Legal tender notes, silver, etc. Total reserves Bills discounted by ” ar o W 16ations vAll c tner Bilis bought in op3„ market Total bills on hand U* S* Government bonds U» S* Victory notes U- S, Certificates of indebtedness All other earning assets Total earning assets ”Bank premises Gold in transit or in custody in foreign countries Uncollected items and other deductions from gross deposits 5fo Redemption fund against F* R. bank notes All other resources TOTAL RESOURCES s t , 570 a CL03L OF 3u tilJESS AUGUST 29, 'I919 . Au-usu £9, .Avl£u:J t... 1913 August 30 , VjIS $260, 507,000 $ 384 , 009,000 $244,231 ,000 579 . 480.000 520 , 926,000 563,640,000 5t829 ,000 SO7 S71 COO 839 . 987.000 910 , 764,600 1 ,l42',589 *,000 1 , 127 , 028,000 1 , 061 , 597,000 *116*328*000 107 . 270.000 4 l , 433,000 J “ ' * $2,074,285,000 2,013,794,000 ■ $2 ,066, 788,000 68 . 416.000 5 3 , 168,000 6q .188.000 2.142.701.000 2 , 066, 962,000 2 , 135 , 976,000 1 , 563 ,o4 s,ooo 396 , 228,000 1 ,609 , 296,000 20*5 COO 211 . 262.000 531 , 967,000 ^vna.'cOO 362 . 911.000 232 , 603,000 2 . 137 . 221.000 1 , 660 , 798,000 2 , 172 ,272,000 27 . 093.000 30 , 350,000 27 ,096,000 ^qj qqq 709*39^*000 209,000 237 .s 47.000 2,448,977,000 12 . 796.000 2.402.375.000 1 1 . 806.000 816 , 513,000 11 , 580,coo 9 ,995,000 102.748.000 763 . 179.000 5^3 5,*3 7,o o o L I A B I L I T I E S 'Capital paid-in Surplus Government deposits Due to members - reserve account "Deferred availability items Other deposits, including foreign government credits Total gross deposits F- R* notes in actual circulation F» R* bank notes in circulation, net liability All other liabilities TOTAL LIABILITIES. Ratio of total reserves to net deposit and-F.R* note liabilities combined Ratio of gold reserves F- R* notes in circulation after setting aside 35 / d ag^i-is * net deposit liabilities 193,000 243,411,000 ^ 1+9^,000 34 . 926.000 81 .087.000 ^ 729*950*000 *5^3 »337^000 q# \ \jy*C00 103 . 330.000 1 , 679 , 834,000 605 . 812.000 98 , 098,000 2 .446.310.000 2 . 530. 629.000 219 , 815,000 ?3 ,070,000 5,*35,237 ,000 50 . 7^ 60 . 7/0 ♦Includes one-year Treasury notes* * 25 , 772,000 67,000 1 , 716 , 987,000 865, 927,000 568, 655,000 11 . 382.000 . 1,164,000 9 , 905,000 11,737,000 5 . 444. 096.000 4 , 365 , 555,000 84.730.000 81 . 087.000 78,168,000 1 , 134,000 104 , 729,000 1 , 478 , 639,000 437,885,000 120 , 300,000 2 . 487 . 074.000 2 , 1 41,553,000 2 . 553 . 534.000 2 , 092 , 708,000 215,795,000 20,687,000 21 . 876.000 3 1 , 305,000 5 . 444. 096.000 4 , 365 , 555,006 51*3^ 6 1 . 75S 72 . 5^ Released for publication Sunday morning, Saigast 31, 1919; not earlier. ,TTmeT ?q iqiq St.570b WEEKLY STATEMENT OF RESOURCES i m U T I L I T I E S OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSIilESS AUGUST 29, lyiy. R E S O U R C E S (In thousands of dollars.) „ tt-.,-,, ^ntai Boston Naw York Bhilai- Cl«*al. Rich*. £tlanta Chicago St.Louis Uinn- Kans.Py. pU * ■Gold coin and certifica tes ---5,688 15^35 650 1 7 ,^ 2,300 7,948 23,736 2,517 *.3 3 * lg *• & g»522 >5 Gold settlement fund - F.R. Board ____ ZK3-52— Ul-r7 ^ .. 5^66-^^396----9-3^ .. l 3 ^ ^ - . . - £ ^ g 51 993 S07 871 .6 ^ 8 8 220,787 42,4c4 76,85937 ,696 17,513 l g , ^ 25,602 44,190 4>,33| I b . l g 101 1 $ 1 S I I S Total gold held by bank s---Gold with Federal Reserve Agents68,544 281,659 75,923 130,573 23,951 41,911 266,53* 62,9*7 33, t'^px p’ k ^ ? ’ o6q ' 1 1 6 ^ 2 8 Gold redemption f u n d ---- — — 1 5 ^ 777 ^ 7 ^ 6 128,288 208,55? 67.017 63,724 1*57,8£ 93,299 *2 ,9 *2 90,8l6 3 5 , 0 % 15b,0; 7 2,055,7*8 Total gold reserves ------ Legal tender notes, silver, etc.- -Total reserves -- -------Bills discounted: _____^arp-3— -— 163,444 ” ! : 577,759 128,463 209,440 S W ,ii;£ i U*S- Government D o n as ----- . 1 ■ § :i: 2 £ 3 £ ! r . r s £ £ ^ Total earning assets — ---Bank premises------------Gold in transit or in custody in foreign countries--------Uncollected items and pther deductions trom gross deposits -• 5$ Redemption fund against F.R. bank n o t e s -------------- , 2 - > £ ll5> 36 1,758 W & 5 -- g- ^05 2 135 976 K g 67,466 K B 1>3S5 (a) Includes bills discounted for other F.R. banks, v iz - -(t) I.icli r'os bankers ' acceptances bought from other F.R.banks: Without their endorsement S S : T S 3 fD % > *' ^ S62,295 226. 7 ^ 1S9 ,738 109,5^ 3,99>* 500 pQ, 2Q5 2,335 : ; g 83,034 1 $ >1,02* £ g • .1,297 37,11 f t g 5 »3 5 S g , 35,97 ’ f * S» 1 ^>093 875 “*37 ±°j > , U28 1 . 10b All other resources------- — ______3 w ______ * i , o.;z______________ 22*---- ^ total resources ---------- 9S.102 . S .g 7 - 1.072 65,086 458,735 290, 2,8 *. . _ 90,980 61,266 96,361 2,936 f>91 « _ 107,119 107,119 “ ~ 6 g g u6 30S lU.,051*- 62,583 du»Wc: ^°>w ^ >1 J ^ n 7-,« 7Qt 3514. giG 6,9 1,738 793 3^ 9^ 19# 6 9 ,^ 5 15“ , 5® 2, X63 ^ 3*0 »ou 26,697 35,287 452 ^ ^ 450 8 ^ .19 7 09 ,391* 11,580 ^ ---1------- - 400,222 1 , 739,538 422,029 462,502 236,526 207,704 836,936 237,421 158,822 251,809 134 , 5*0 347,748 5,435,*37 - - - - " _ ^ ,->>yJ » _ » _ ~ - ■ ‘‘Includes Govenanont overdraft of $523 , 000 . - 53,655 _ 10,013 - 29,000 39,432 He leased for publication Sunday morning August 31, 19191 not earlier., •_ WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF TIE FEDERAL RESERVE BAMS. AT. CLOSE OF BUSINESS AUGUST 29, . capital pax .-in ---- ------- Boston ifew Yoric 22>o4S ^ 3?-!g n » to m anb ors- B osM Ta account- 1 0 S ,7 p v 11 t 'S l 709 ! 65U I O 3 ,761 Ijz'.m 56; i 7U ,9 7 ■ 1919 , St. 570c (in thousands of dollars.) L I A B I L I T I E S Pjaila' Clavel. Rician. Atlanta Chicago St.Louis I,linn.-Kans ~Cy, Dallas San Fran 7 , 757 . . .9, 34 2 .■ $ , 224 3,331 11,953 3,999 3^3 3 gqo 3 2 9 7 ; 5 013 122,062 52’ 000 5M 7S 50' ° * ^ F ^ t t S 165,686 ?ntS i c S l S « t-i<m"'19S' 967 All other l i a b il it ie s ------- 0 J 881,580 169, 17 s 752* f ^ '® p ^ ’ ?nl 212’ 752 2? ’ ^ 7 - ^ 2 2 --- g.208.... 1,683 LIABILITIES 195,380 114,589 231,136 *,7 g 104,673 113,631 439, 7^4 107,152 34,118 16,504 829 2,505 < ^v 4 ’^ ^ 9 ^ ' S ! 7» S 5 & 3. „ ?Up ^ 68,172 133,48$ 72,971 124,576 2,1+1+6,310 77 ,6 34 92,535 4 6 ,603 203,521 2 , 580,629 7 ,o 67 606 16,729 8,834 1.203 8,367 1,694 846 219,815 2^ . 070' 236,526 207,704 836,936 237,421 158,822 251,809 134,580 347,748 5 , 435,837 Contingent liability as endorser M E M O R A N D A on Discounted papar rediscounted _ u $ 3 - '5 S « .K R P 7 5 , ^ 2 33S , 900 106,348 S,lU 7 11,595 1,611 ____ 1 . 02J______ 900 400,222 1,739,533 422,029 462,502 ^ ^ to - f- s 2U7 '( 565 ft'.967 51 ^ 3 ? 7 / ' » foreign government cradits . Total gross deposits h i? . Total : gU QP& • with other y . R. banks ---- • - 20,930 - 29,725 - _ 3,000 - - . . 53,655 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION. f.'e! Zlit 2° 7' ? S kJaa— S? A .85 £ 6 —22°7^7-9’ ^ c 2^ ' S ° 10? ' S n I ' ^ 1^ 1 7:s.rQ — > , 65k— 3^.499 •--•-23^-489.. 18^ 039. 192,967 752>2sj — F.E.notjs in actual circulation 212^ z s31(1Jg lolt>673 u 3 _631 7af 9,6 3f 9‘ **1P "*9' 555 223 , 329 2. 767,166 o o k L ^ j fio- . ^ ,.952.-i 9.rgQ5 — ^1 ^ 5^ 107_152 g2_53J DISTRIBUTION OF BILLS AND U.S.CERTIFICATES OF INDEBTEDNESS BY MATURITIES. ■ Bills ojscountod---- — ----Bilis bougnt in op-‘n mariwt U .S. u r t m c t M of i M t b o w Witnin 15 days 1,519,814 95>517 2!+, 7 i*3 lo to 30 days 53,870 7 j 73£ 12,066 31 to 60 days 152,545 137,296 21,999 6l to 90 days 79,889 1*5 , 577 16 , 031* Over 90 days 9,016 5,016 168*569 ' Total 1 , 815, 131* 363,138 m M l Released.for publication Sunday morning, August 31, 1919; not earlier. st.570d STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS AUGUST 29, I 919 . (in thousands of dollars.) Boston FEDERAL RESERVE NOTES: Received from Comptroller - - - - 370,600 Returned to Comptroller------ l5o.86q Chargeable to F. R. Agent --- 229,731 In hands of F. R. Agent ------ 23,500 New York Phila. Clevel. Riclm. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran« Total ^ n , 9Cri _ __r 1,730,120 M-38,720 395,580 237,180 245,000 693,240 231,000 137,3S0 174,720 lOb.lbO 317,860 5 ,0 7 7 ,5^G 764.752 lQ0.06q 126,360 100,816 965,36s 248,711 135,000 28,180 67,170 199,007 84,019 269,120 136,365 177,830 595,233 156,981 23,780 28,037 60,700 2U5.3U0 10S.327 117,130 52,032 6 5 ,967 ,,3 8 ,970 87,831 1,90.6,862 95,358 109,753 67,190 230,029 3,170,658 21,790 15,710 U ,5 6 0 17,635 1*63,233 125,191 79,635 95.293 H9 ,555 31,000 6,700 403,592 Issued, to -F*B. t>ank: less amount r S S t i ^ 0 -‘-B- -- COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and certificates on hand - - - - - - - - - - - - Gold redemption fund ------ Gold settlement fund - F. R.Board 206,231 530, 36s 220,531 - ------------ 28,125 2,500 - 13,052 8,831 - 236,248 17,919 16,034 12,448 1,451 2,411 8,074 3,056 1,290 1,996 3,025 13,912 94,160 56,000 80,000 59,889 90,000 22,500 37,000 258,464 59,931 18,800 37,360 4,184 88,053 812,181 608 114.767 84.376 75.219 196,695 62,204 46,596 58,937 -33,515 l ? l ,365 1 , 625,577 206,231 830 , 36s 220,531 245,340 108,327 117,130 563,233 125,191 79,638 98,293 59,555 223,329 2 , 767,166 161,447 794,178 156,096 166,510 94,892 251,899 67,852 59,558 7^,767 58,819 127,808 2,095,561 c;4j? 7AQ 144 AMOUNT OF ELIGIBLE PAPER - 12,544 Eligible paper, minimum reguiredTotal 183,7^0 223.329 2. 767,166 91,735