View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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