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Released for publication Sunday morning A-ugust U,
i

1913;

not earlier,

X-1105.

STATEvIEtfT FOR THE PRESS,
August 3 , 191 S,

Gains of 6*7 millions in gold reserves and net liquidation of 30* 5 millions in
earning assets, largely disco-anted bills, together with substantial withdrawals of
Government deposits and further gains in note circulation are indicated by the Feder­
al Reserve board's weekly bank statement issued as at close of business on August 2,
191S*
jjjYjSTxvigiTS: Discounted bills on hand show a decrease of 3 1 * 2 millions, the -aw
lor^, boston and Dallas banks reporting the largest reductions for the weak* Of the
total shown, 685*9 millions, as against 675*7 millions the week before, is repre­
sented by war paper, i .e ,, member banks1 notes secured by U.S. war obligations and
customers1 paper similarly secured* Acceptances on hand went up about 3*9 millions)
the hew ^ork, Cleveland and Richmond banks reporting the largest additions of paper
oought in the open market* Redemption by the Government on August 1 of 1 9 0 2 - 1 9 1 2
bonds accounts for the reduction in the holdings of long-term Government securities
reported by the itfew York, Philadelphia, Cleveland and Chicago banks. U<8 + short­
term securities on hand increased about 0*7 millions, largely at the New York Sail::,
total earning assets indicate net liquidation of 30* 5 millions.
Djj?QSlTS: Large net withdrawals of Government funds from the Western banks are
snown, total government deposits being 7 I .S millions less than the week before*
members1 reserve deposits declined 11*7 millions, and net deposits 64*1 millions,
uold reserves show a gain of 6*7 millions ■
and total cash reserves a
gain of 5 . 6 millions.
Continued concent rat 10n of gold reserves at the ^ew York Bank
is noted,^tae baric holding at present about 45 per cent of the system’ s gold, as
against-3'5*4 per cent at the beginning of the current year. The ratio of total re­
serves to aggregate net deposit and Federal Reserve note liabilities shows a rise
for the week from 5cM to 5 8 . 7 per cent.
CIRC ULATlOnt During the week the Federal Reserve Agents issued a total of
22*7 millions net of Federal Reserve notes* The banks report a total Federal nese.rve
note circulation of 1 9 0 6* 5 millions, a gain of 35*6 millions for the week, besides
a small increase in their liabilities on Federal Reserve Bank notes in circulation*
CAPITAL: An increase of $77 ,000 in paid-in capital is due primarily to payment
for federal Reserve bank stock by newly admitted members in the St, Louis and
Dallas districts,
CONDITION OF MEMBER BASKS,, JULY 26, I S I S ,

further additions to the banks* holdings of Treasury certificates in connect ion
witn the third issue of these certificates, coupled with considerable gains m Gov­
ernment, deposits are indicated by the 'weekly statement of condition on July 2 : of
725 member banks in 1 eading cities,
u .Zj , bonds, other than circulation bonds, on hand snow a reduction for tne week
of 12.5 millions, notwithstanding the larger number of reporting banks. Treasury cer­
tificates increased 25^*9 millions, of which 15^*2 millions represents the increase
for the central reserve city banks. Loans secured by U.S. var obligations show a
gain of 13 *7 millions, while other loans and investments went up about 5 . 5 millions,
-or all reportin0 banks the ratio of U.S. war obligations and loans secured by such
obligations to total loans and investments works out at l4,6 per cent, compared with
12-3 per cent the week before- For the banks in the central reserve cities this
ratio shows a rise from 14 to l 6«2 per cent.
Government deposits increased during the week about 2 2 o*5 millions, of which
1C4.1 millions represents the gain at central reserve city banks, ^et demand depos­
its of all reporting banks fell off 42-7 millions, the central reserve city banks
alone reporting a decrease under this head of 26*3 millions. Total time deposits
show a gain of 1 7 * 5 millions, though for the central reserve city banks a loss of
about 5 -allions under this head is noted. Total reserves fell off 10
millions
and cash in vault about 1 0 . 8 millions *.
For all reporting banks the ratio of investments to deposits shows a rise from
124.7 to 125 per cent, while-for the central reserve city banks, owing to the rela­
tively larger gain in deposits, a decline from ll4 ,$ to ll4<2 per cent is noted.
The r^tio of combined reserve and cash to t otal deposits declined from 1 5 . 3 to 14.2
per cent for all reporting banks and from I 0. 3 to 1 5 *$ per cent for tne banks in
central reserve cities. Aggregate excess reserves snow a slight decrease from
1 0 2 , 2 to 96*0 -allions.
For the central reserve city banks an increase of these
reserves from c5 * 5 to jG *2 millions is noted*



Released for publication Sunday morning August 4, 1918.
Not earlier.
STATikvEST OF C0MBI2IED RESOURCES AIO LIABILITIES OF THE TWELVE FEDERAL RESERVE BAiKS AT CLOSE OF BUSINESS AUGUST
R E S O U R C E S
August 2, 191 s
Jul^ 26, 1918 .
Gold in vault and in transit
403. 470.000
418.012.000
Gold settlement fund, F. R. Board
623.119.000
593. 777.000
Gold with foreign agencies
____9.696.000
11.623.000
Total gold held by banks
1 , OUl,285,000
1,028,417,000
Gold with Federal Reserve Agents
902.793.000
910.420.000
Gold Redenpt ion Fund
___36.glgt000
___ 35,363.000
Total gold reserves
1 . 930. 396.000
1 , 97^ , 200,000
Legal tender notes, silver, etc.
54.022.000
55.129.000
Total reserves
2 . 034. 918.000
2 , 029, 329,000
Bills discounted for members and F.R. Banks
1,270,919»0C0
1 , 302, 151,000
Bills bought in open market
20S.274.000
Total bills on hand
i , 4go,io 4 ,ooo
1,507,^25,000
U. S. Government long-term securities
36.237.000
40.090.000
U. S. Government short-term
"
17.573.000
16 . 922.000
All other earning assets
101.000
10^.000
Total earning assets
1,53^, 015,000
1.564.540.000
Uncollected items (Deduct from gross deposits)
531,55s,000
55S,392 ,000
5$ Redemption fund against F.R. Bank notes
496 ,,000
701,000
All other resources
12.441.000
lO-^gi^QGa-.
TOTAL RESOURCES
4,111,533,000
4 . 165 . 403.000
L I A B I L I T I E S
Capital paid in
76.513.000
76 . 441.000
Surplus
1,134,000
1 , 134,000
Government deposits
161 236,000
233. 040.000
Due to members - Reserve account
1 , 423, 532,000
l,435,196,OCC
Collection items
390,911,000
401.186.000
Other deposits including foreign government credits
1 11 .340.000
Total gross deposits
2. 090. 397.000
2,181,262,000
F. R. notes in actual circulation
1 . 906. 465.000
1.370.335.000
F. R. bank notes in circulation - net liability
1 1 , 479,000
ll,0g4,000
All other liabilities
___ 2 ^ 5 ^ 0 0 0 .
24.647.000
TOTAL LIABILITIES
4 . 1 1 1 . 533.000
4.165.403.000
Ratio of gold reserves to net deposit and
F.
note liabilities conibined
57 . 2^
56.5$
Batio of total reserves to net deposit and F. R»
note liabilities combined
53. ic
;
5S-7a
—

,

(a)- Includes amount formerly shown against items Due from or Due to other F. R. Banks net.



2,

X-llOjja I

1913.

August 3, 1917
399, 7S5, 000
*+3S,i53, 000
5? ,5PO, 000
390,43 . 000
467,845, 000
.3 , 39.0, 00Q.
1 , 367 , 673, 000
.53,70.9,, 000

1,421,332, 000
1 3 0 ,9 ^ , 000
.. 17 b, 133 , 000
..
305, 131 , 000
42,422, 000
25,^64, 000
000
(a)

3 7 ^ ,5 H , 000
201,804, 000
500, 000

000.
-2kk .
1 ,9 9 3 ,^ ,0 0 0
57,881,000

56, 765,000
1 , 192 , 837,000
132 , 053,000
. 14,269,000
1,395,97 ^,000
540, 785,000
2,828*000

1 , 99s ,444,000
73. g^
si. 9^

j

Released for publication Sunday morning

™ *LI

1913

Hnf

OF RESOURCES « S

i•

ffiSEOTi

mch

2,

BA3XS AT CLOSE OF BUSINESS AUGUST

r e s o u r c e s

^old

Boston

in. vatilt a n d in transit

silver,

s p

2

, i 0

A

2

6

1 9

_

6,474

Government deposits
Collection items
O t h e r dep.incl.foreign Govt.c r e d i t s
^ J-otal gross deposits




1 5

, 6

2

3

, 7

2

6

1 1

1 3

1

i 7 5 4

38 8

9

1

3

2 9 ^ 6 6 9

0

, 2

4

3

1 , 8

9

, 5 7 U

3

1 , 4

9

1 5

,

S2,9S1

s

,

1 *-

6 H

9 7 , 0

l»ty?6
4

, 0

0

7

1 1 2

, 0

5

0

L

5

6 9 , 2 9 6

1,34?

5,959

1 , 2

5 s

1 , 7

5

2

3

9

1 , 4

4

99

5

1 0 9 , 0 9 5

, $ 8 6

5 5 , ^

1 1 9

3
1,511

i,a

0

7

9

7 2 , 0

44,593

6 9

-1*151

19,W

, 7

3 4

2

4 0

1.263
45 4 6
730
i

382

573

____________S & 2

, 6

2

0

2

2

2

, 3

9

1 6

, 0

'

1 6

. ^

15,428
91 ,574
30,267
137,269
12S,S44

1 3

_2,l40

7 ?

2m .

,

6

'

4 0 , 7 0 5 "

6 5 0

6

6

, 3

7 5

1 6 2
4 0 , 8 6 7

37 7 5 5
86
, 583
2.347 _____
,

4

S

S

6

, 3

6

s

4

, 5 0

9

2

, 1 1 2

2 9 ,
3

3

, 4

8 0 1
9

. S

5 9

1

6

1 , 2

3 3

2,233
3 2 1

6

0

1 , 2

_ l

6

1 , 2 9 7

906

3,917

I S

a ®

-LlS S

27^; 5 * n . 5^

®

x

’ p°?

; s

i

S5:.9S2

3

3

, 1 1 9

,

0

0

7 '

0

, 4

5 5

1 2

4

, 3

6

1

1 , 5

1 2

4

, 5

5

0

2

,

8

, 0

3

0

4

2 7 c

, 3

, 9

9

6

1 s

9 1 9

63,?S 7

62,329

67 »399

76,462

35,212

1 3 ,COS

42,236

17,275

_6aa

94

3,117

IjJaOiL

9 , 9>»

17,a3 _ ^ ’^ 2

i s |

24,124

167
s4
1.37
y-f®--- 263--- f c S - J u I s —

3,622

^

~

2

901
1,127
17,573
---- §2____ . . • 101
35,970 93,39S 1,534,015

ib 5,296 lffi,s69 51*7,167 165,900 116,1133 1 9 5 , 3 9 5

z , 6is

6

f L

1,277

2.SK9

3,542
14 ,88

S '7 ?

5

2 9 , 9 4 1

, 1 2

, 1 9

1,088
64,386
332 _ . l A o _____ 189
54.02P
64,724
77,592
69 959,1
1.120 M J £ 1 ^ 2 0 a J s i i
5
77,751 31,061 So, 810 l,4S0,f104
* 71 3,979
3,4Cl
36,3*7
3

, 7 8

6

9

“ “
44,167 1 041,285
so,194 902,793

13,777
13,980

- 3- 62-

6,940

osa l59i

7

408,470

2

331.

2 9 , 0

65 725

8

2

s

Total

14,438

21
^7,149 252,989
25,951
14

3 3 , 3 6 3

1 3

g

4 9 , 0 6 3

,

si
4

1 5

R K

— J-4t02£— izlli_2___ 6^021
4 8 5 , 8 0 0

, 7

7 0 6

53 p7c
95

9U 93g

s

2

, 2

23,352

6

6,289
7,149

28 94
,

X-H05b

ISIS.

£*llas San Fran.

36S

5 7 "

1

,75

Du-e to members, reserve a c count

£.R. notes in actual circu l a t i o n
.R.Ban£ notes in c i re.,net liab.
All other liabilities
TOTAL L IABILITIES

, 6

_________4 1 9

27>*,5ltl 1,523,706 JloTsjs
L I A B I L I T I E S
Capital p a i d in
Surplus

2

1 , 1 1 3

153,997 191 7 5 3 2

369>15S

1,12^

Total earning a s s e t s
107 644
nc o l l e c t e d items (deduct f r o m
g r o s s deposits)
5/ ^ederrtp.ftmd against *K^i5k*notss 49,170
“
-11 other resources
T OT A L RESOURCES

?

O S

1,416

"

,

926,4i 0

k f k j O

5 , 1 0

1 6

Minn. Kim s , C y .

8,zkl
6,584
388

i >g00

1 9 3

ros"fo6—
1 0

, 7

2

114,467
2,508
316,975
.

U.S. Gov eminent l o n g - t e r m securities

6,788 27,123

6,3*7

3

133k.

B

36,428

1 3

,

etc.

l,36o

294,005 43,377 ^2,313
_____,679
373
429
588,204 50,416 79,614 20,442______gsi_ _ i , 3 5 7
279,023 99,031 110,497
23,312
4,000 1,002
M & 5.
2,692
3,812
153 44
53 24 4
3
550

54 84
56,22

B i l l s dis.for numbers & F.R.B a n k s
ills bought in open market
Total bills on h a n d
u.o.bcvernment sho r t - t e r m
A 11 other earning a s s e t s

£90,854
- --

6za_

Total g o l d reserves
Legal tender notes,
Total reserves

N e w Xoric

8.394
**5.776

G o l d settlement fund, F.R, B o a r d
u o l d with for e i g n a g e n c i e s
T o tal gold h e l d b y b a n k s
G o l d w i t h Federal Reserve A g e n t s
G o l d redemption f u n d

(In thousands of doll oars.)
Phila. Clevel.
Richm. A t l a n t a Chicago St. L o u i s

2U' sB

6

85, 1 3 6

2> ,32l
0

3,027

4,49s

3,096

53i,55S
4 96

3XL55L

14,132

M n

75

J

76,513
1,134

161,236
63,372 28,630 70,702 1 , 423,532
___ 9,670 22,536 10,884 10,810
390,911
_26_ iLSSO

114 . 71 s

1918.

Released for publication S-unday morning Aug-ust 4,

Not earlier.

X-1105c

STATIMEUT OF FEDERAL RESERVE AGEtJTS1 ACCOSTS AT CLOSE OF BUSINESS AUGUST 2, 1Q12.
„

FEDERAL RESERVE NOTES:
R e c e i v e d

f r o m

R e t u r n e d

t o

C o m

C o m

C h a r g e a b l e
I n

h a n d s

- i- s s u a d

F

F

. R

r e t u r n e d
d e m

F

. R

. R

. A

.

, A

b a n k

t o

F

( I n

N e w

Y o r k

P

h

t h o u s a n d s
i l a

.

C

o f

l e v e l .

d

o

l l a r s , )

R i c h m

.

A

t l a n

t a

C h i c a g o

S t .

L o u i s

M

i n a .

Kans.Cy.

D a l l a s

S a n

F r a n .

T o t a l

p t r o l l e r

g a n

. R

. A

‘ i 76

H

5 M ° S u s ’ 020 99, 5^0 378,300 105,630 73,550 111,700
623 25 ,938 20,072 23,931 1 s ,791 15,127 19,295
196,079 211,977 92,082 79, 56s 355.369 86,339 63 ^ 5 3 92,405
— 20,350— 22, 000— 5jJZZ5__ lihJZ3.5. 59,620
7.750.... 3^gR5__ -6
_ 1 Ll3*5

So

Jn’ cn?

t

t
l e s s

g e n t

a m o u n t
f o

r

1 6 2 , 3 3 0

2

1 5 0 , 2 7 3

, 7 3

1 2 , 1 0 2

5 1 , 3 6 0

g e n

6 3 , 5 0 0

1 7 , 1 3 2

p t r o l l e r

t o

o f

t o

B o s t o n

9 , 7 0 0

4 7 3 , 4 7 0
2

, 3

1 1 , 2

3 0

2.lX . 050

r e ­

p t i o n

- - . ^ V . ^ _ . . ? I 3 l ^ S i I 51099_lS9 , ^ 7
.
_

59, 59s 85, 5
1,5

S6L
307 ^ 59,733 30U ,71 79,11*9
*9

33,333

150,27s 2 ,0 2 3 ,iso

COLJATSML SECURITY FOR OUTSTANDING
NOTES:

S

; : l

: ^

“ i lcatss “ hana

r 7*

ri*

to '.500

Gold M U laneat fund, F.K.Soard

l% i t
100 ^00

W j h

“ f *

--

^

9 o’0 0 0
,

3W

'

S

-U 92 ^ ' ^

«.!«.■
9

-

-----

1 1 , 5 3 1

3f 3 g

m u l r '5d

131,164
AMOUNT OF ELIGIBLE PAPER DELIVERED
TO F. R. AGENT
105>1q6

673, 19 s 175,099 139,977
485,330

35,854 111,450

...3 6 :S i 1 ^ , 1 %
86,307 59,733 304,749

ht’ ° H w ,
M
79 , 1 % 59,593

67,510 36,749 241,831

43,303

54,174

. 8

1

2 0 1 , 2 3 9

5

59,351

8 , 5 9 3

5 3 4

p per- mini™

1

7 1 , 6 0 1

6 4 1 , 7 0 3

_l i, 503_

35,545'

3 3 , 3 3 3

A xi_25^J,?j_
1 5 0 , 2

7 s

2

, 0

2

3

, 1

3

0

1

, 4

2 5 , 4 3 7

77,751
3 1 , 0 6 1

7 9 , 2 1 3

M E M 0 R A IJ D A
FEDERAL RESERVE HOTSS OUTSTANDING AND IN ACTUAL CIRCULATION
f . R. notes held by bank
F .R .
n o t e s

i n

a c t u a l

^ S * 7qf ^

^ s ls s o

c i r c u l a t i o

n

i

S

W

i & 'B W

"

’ "o* 1 ?p’ I S

Sh’^ n

_____________3 6 3

b2c,402 167,206 177,291

81,563

59,733 304,749

79,149

59,598

35,545

33,323

150,272 2 , 02a,ISO

58,553 279.752

75,926

53,346

30,353

33,020

137 , 69917906 ^

1 2

5 7 9 .

* 1 2 1

DISTRIBUTION OF BILLS, U.S.GOVSRNifENT SHORT-TER.J SECURITIES AND T&EBANTS
BY MATURITIES
W
B

i l l s

d i s c o u n t e d

a n d

i t h i n

1 5

d a y s

9 0 1 , o g U
$ . S , G

o v e r n m

e n t

s h o r t -

t e r m

s e c u r i t i e s

2 , 5 6 0
M

u n i c i p a l

w a r r a n t s




1 6

t o

3 0

b o u g h t

1 6 6 , 6 0 3

d a y s

31 to 60 days
2 3 3 , 1 0 0

3,4^5
51

6 l

t o

d a y s

9 0

1 3 3 , 9 2 2
1

, 9

S

5

O v e r
5

0

9 0
, 3

9

Total

d a y s
5

9 ,6 o U
17

1

, 4

3

0

, 1

0

4

17,573
72

7 1 5

Released for publication Sunday morning A-ugust 4, lQlg,
STATBQUT SBOOTG PBMCIPAL

,
j.,.

Hot earlier
I W

p „ .
.
.
iJata for all reporting banks in each district. _______

No. reporting banks

»

M W B R E K K 3 L0CATED *» ® B »

‘,'e^

0rk

^

la*

C lW .

AtLsmta

i ic n a

?W j-

l£ o*

1 1 %

55.355

2 »% >

27,525

55,551

30,573

25,247

79.371+

21 , 15 s

12,4s4

13,5re3

15,637

24,420

530,221*

,^ .7 5 5

f .W w

toi’w
S ’H? i S ' S
i I ’? S J H 50
46*153
^
4?*571
kk io*n- - i a
J
732*219 4 355*896 601%71
xkn^Ii
7fc S I
I S ’S ? 5o‘ o'n
I? ’? F
5 ? '* £
26,757 23.397

Net demand deposits
T r deposits
i^
GOTemnent deposits
2. n . u - S T f e . in each

642*030 4 \fAti c « * ? S S * S
gag ’
S ’pU? S ’ L k
o l^O
R
n ’ f^o In ’nhh

r

ttsi

Ho. reporting banks
U.S.bonds to secure circulation
Other U.S.bonds including
U . s 'c e r t i f S j s of

*

3^*^^7

9
3

265*976
01*?«7

7

7

79,763

Time deposits
Cot eminent deposits




*5,206 i S ’n ^
IH ?n
« '? $
^ * 2 * ? *5*15°

6

24,857
57,672
4,510

50 0
23O.7I7 15,675 15,579 282,665
*

3,938 110

216*1^^

474*537
^^087

3

oSl’ I S
loo’ glp
2 S9.812

10,605
43,336
5>H6

J6(5» • 736,331*
93,339 1,640,338
3,4/3
437,364
526,300 10,540
13,852
a

{7 ' S o
1 7 ,3 3 2

294,768

235.105

2
6

242,23*

19

56,511* 55, a *

To+al
July 26^-July J
725
718
273,720
272,366

1

530, 22!*

592,890

238,625 198,916 50,11,6 35,271
5* 7 , 1*1
7| ? '1|J
63 I*5 “6 697,600
614,637 156,5X1 141,034 1.640,33* 1,393 M T
2® ' 253,
256,791
194,441
187.320 29,670 29,505
1*87,364
S ' Sf? 5,1 5’3^5 4’ 569.500 4,51*7,622 533,241 342,270 10;540,667 10, 535,197
713,243
707,829
383,064 1*00,939 54,615 53,099 1,150 922 1161 867

ll’ a ^>7s5i°17
f
41*0^
W . 025

^

470,965 167,651
667
,606
45,330
43,470 1150 9
, J?*m
I
12’241 ,8'P8 15,327 10’ 53U 20’ 3°5 352,910
’^ 3 ’ ^ 2 , S 2 l 6 , 67 353,220 130J10 373,703 2 576.509
^
S
l
1
,
32?>?lo 73,916 44,905 62,320 26,026 117,506 1,426,697
135

26

Total I n s e c u r i t i e s 64o '?63
™ ’ 7« ; i m ’ ^ n
k l 'f ?
Loans secured by U.S.bcaids.etc.
iw o 96
^ t ’ ESS
All other leans and investments I, C 10 6ll 1 m ' S
*
J ' S
Reserve with F.a. bank
"^9L*’6l7 ’ 5sa’ 7i? o*'nn 7 s C e f i
Cash in vault
iJo’K
35,007 2 3 , 6x9
Hat demnd deposits

2

17.170
3o,123
* ,349
6,120
373,355 257,079
30,373 17,724

Ti-ii^oC ° t\
Chicago St.Louis Total Cen.Res.Cities
Reserve Cities
Country Banks
6j
fe
1
&
l
l
^
19
^
— July 19 July
— July
38 163
37 643
1 U6o ,o , 0 ,
I?
W
Ujl,
166
165
’
^ 10,39, <?
49,504
173.S10
173,433 49,381 49,379
227,1*11

T otal'-

> $17

75^6

s

San Fran.

18’ ” 6

T t“ f S ? s dnsI=urities
o
Loans secured by U.S.bonds, etc.
All other loans and investments
Reserve with F.R. bank
Cash in vault

^

Kans.Cy, Dallas

15-590

25**, 997

s

S t. Louis Minn.

* ’< *

ll* '055

r

Chicago

' * ' 6S)

O .S .e a r t if iS t s s of

! . u

y 11(Kd
*-1105d

*

' ■ *'»*

»

n S H T S AM) OTHER

thousands of dollars.)

1“ , 6 a

S

® H I ,

^LECiED CITIES AS AT CL0 S2 OF BUSINESS JULY 2$, 191.?.

,

15° ' 110

^,315,325
! ? ’?
^ 3 ,2 0 0
532,944
343,307

167•‘‘3 s

^ .3 6 4

So^K

3^810

363:715

321,365
250,596

307, l 60 201,60*3 193,352
2 15 ,2 9 4 45,209 3 3 ,7 0 2

1,426,697
329,349

1,409,*212
So l^t

36,398

3, 429,396 3, 452,422 657,596 65l , 4gg 3, 376,509 3,919 235


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102