The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Released for publication Sunday" morning February 10* 1918 *
Not earlier# X712
STATEMENT FOR THE FRESS.
February 9, IS 18*
Substantia] gains in gold and cash reserve*,- coupled with increases
in d i n i n g assets and member banks 1 reserve deposits are indicated in the Fed
eral Reserve J>dard,s weekly statement shoeing condition of the Reserve Banks
as at close of business on February 8, 1918*
Gold reserves show an increase of 37*6 millions* the banks at Bosten,
Philadelphia^ Cleveland and Chicago reporting the largest gains ef gold for
the week* Discounts on hand ind5oale net liquidation of 81 .6 millions, while
acceptances he3d show a decrease cf S® I millions * Of the total discounts cn
hand, 269*3 millions as against 205*7 millions the week before, is represented
by paper secured by Government War Loan obligatim s * Over 45 per cent of all
the bills held by the banks mature within 15 days and over 60 per cent - with
in 30 days* An increase ©f 93*3 millions is shown in the holdings cf U. S.
short-term securities*
T^tal earning assets show a slight increase for the
week and constitute 68*9 per cent of the banks1 net deposits, as against 69*4
pe r cent the week before ♦
An increase of $209,000 in the banks! paid-in capital is due largely
to payments for Federal Reserve stock by newly admitted member banks» By far
the larger portion of this increase is reported by the New York Reserve Bank,
following the admission to membership of the Farmers’ Loan and Trust Company*
Government deposits show a decline of 73*3 millions, all the banks
except those at Boston and Minneapolis showing considerable withdrawals cf Gov
ernment funds. Member banks T reserve deposits increased 22 *7 millions ., Boston,
New York and Cleveland reporting the largest gains under this head* Other de
posits, largely foreign government credits with the New York Reserve Bank* in
creased 8*1 millions.
Federal Reserve Agents report an increase of 5 .8 millions in outstand
ing Federal Reserve notes. Against the total outstanding, $ 1 ,3 7 3 ,6 6 0 ,0 0 0 , they
hold at present $8 3 8 ,2 5 9 ,0 0 0 of gold and $5 7 4 ,7 0 4 ,0 0 0 of paperP The banks show
an actual Federal Reserve'note circulation of $ 1 *2 6 1 ,2 1 9 ,0 0 0 , or $25^118,300
more than the week before. The ratio of total reserves to the Banks’ aggregate
net deposit and note lia b ilitie s shows ah increase for thw week from 65*2 to
65*6 per cent.
CONDITION OF MEMBER BANKS ON FEBRUARY 1ST.
Weekly statement showing condition of 675 reporting banks in leading
cities as at close of business on February 1 shows the following principal
changes:
Government securities, increase for the week, 153.3 millions* loans
secured by Government War loan obligations, decrease 2.3 millions; othor Loans
and investments, decrease 20 millions* For the 57 member banks in New York
City changes for the week under these three heads were as follows;
Government
securities,, increase 153.8 millions; loans secured by Government War loan ob
ligations, decrease 3*9 millions* and other. loans and inve3tmentj* decrease
25.2 millions*
Net demand deposits of all reporting banks increased cUning
the week about 8 8 .7 m illions, while Government deposits went up 70,8 millions*
Net demand deposits of the New York City bamcj increased 49*1 millions and
Government deposits of these banks, 87*3 millions.
Reserves of all reporting banks with the Federal Reserve banks show*
a gain of 4*8 millions* while total calculated excess reserves declined f r m
142.8 millions to 136*8 millions* Reserves of the New York City banks increased
about 9*8 millions and their excess reserves with the Federal Keseivy bark from
94.7 to 9 8.4 m illions. For all reporting banks the ratio of loans and invest
ments 'to deposits is 105*5 per cent, as against 100,1 per cent for the banks in
the three central reserve cities and 97*9 per cent for the New York City onnks.
The ratio of combined vault cash and reserve to aggregate deposits of all re
porting banks works out at 14*3 per cent, compared with 15*6 per cent for the
banks in the central reserve cities and 15-7 per cent for the New York City
banks.
iiv-.u,-vasad
10; p'uuic^i ior. ttundaj-- morning> February 10 , l^lS*
Hot earli< :r
712
0.\? OCW^H£0 BEBOURCES AMj LIABILITIES OF THE TWELVE FEDERAL PJSSEEVE BANKS AT CLOSE OF BUSINESS FEEMJABY g, 1918 .
P_ .tlx o 0 0 ja y> S
^
February S, l^lo
Febr-uary 1, I 9I 8
February 9> 1917
Gi;ld coin and certificates in va*ult* ♦
............. .
$^39 *507 ,000
$469,759,000
$274,194,000
C'V d %*r*-ttlement Fuad - ?* it* -Board* ............ .................... 4 0 4 .0 4 ^0 0 0
393.624.000
212 s9b l ,000
3v:Id v ; i i f oreign agencies
.......................... . . . -5 2 *30 0 *000
52, 500,000
Tctal gold xieJid by banks.....................................
&3 w-^ 9 ?
915 *
>000
487, 155 ; 000
(r>vd wl.tn Federal ftoeerve Agents* * *........... 838* 253>*3Q0
781.667.000
288 ,m \ooo
G^,d xed^npt 1
f und. .. ............................ *.................
.13 >960,000
19,472,000
1.,
U’ctal gold reserves ........... ..................* * ....................
1 , 754 , 668,000
$ 1 , 717 , 022,000
777% (5O9 v000
legal tencler n-tes, silver, etc.......................... .
58,426,000
10 SiV.oqo
___ 58* 435,000
I1oial xo;aerves.............................................................. ..
1 , 813 .09 4 ,000
1 ,7 7 5 1457 .000
l i t .‘242,000
Bills discounted for Members and F. R, Banks............. .
525.121,000
606. 778.000
16, 200.000
Bi?Is bcn^Iit in open market.
................................... .
280,7058000
289.805.000
112 ,.0^2^.000
Total bilxs on hand...................... .......... ..................
_
805, 826,000
896,523:000
128’ 292,000
U« S» (?t‘r 3 rrraf-r«.t. 3 eng-term sec-xities......................... .
3~^ 7 fr2- 52,-294 ,000
5 7 ^ /^ 7 3 4 ^ 0 0 0
29. 470.000
U» S« Osyerijsent shcrv-tersii securities................. .
/7 OJO°-173>”52$,000
75
000
18, 647.000
Alx ot.ner earning a s s e t s ..,........................... ........... .
^
4,423.000
3.805,000
J $ > . 009.000
Total earn5 ng as £ ?t s «
„
.
*
* ............. 1,036,131,000
1
*033 , 020,000
191 >418.000
D*ae 1 ror« other ?* 3* Banks - net..................................... .
12,4*58,000
44,456,000
13, 255.000
Ifoooilecteo 3.terns^
. ........................... ....................
272 ff506 «000
321,994.000
121
. 225,000
2 8 ^ 9 6 4 ,0 0 0
Total etaduotion from gross deposits** »** „ ...............
366,450,000
134, 4so“ooo
5‘> Beuejuip iicn f^nd against F* JU Bank notes....................
537>000
537,ooo
400.000
All ether re? curves* > . , ...................... ............. ............„ p
551.000
___ 10 . 902.000
5591000
TOTAL HSEOOBBES
*
3,135.277*000
3 , 176 , 023,000
1 . 125 ,'442,000
L 1 A B 1 I, }: 1: 1 £ S
Capital pa,id-in. ..................................... .............................
72,829,000
72 . 620,000
55.713.000
S T 5 _ - ; l u r . . . ....................................................... . ...........
1,134,000
1,134,000
5» %
.9
G-ovej.riic^n0 deposits............................................................ .
59> 488,000
132.790.000
1
5
. 525.000
'Du? ic Eictiberr. •- reserve account.................................. .. 1 , 501 , 301,000
1,478,644,000
678 , 170,000
Co:.l«?ii..icxi items.. ................................................ ...............
167,154,000
191.283.000
97 , 207,000
Other deposits, including foreign Govrt , credits..........
59?874,000
___ 51,769,000
Total gross deposits.« ................ .................. ...........
.
1,787,817,000
1.854.436.000
7 9 0
9 0 2 . 0 0 0
F. R. Notes in actual circulation.............................. ... „
1,261,219,000
1.236.101.000
2 7 8
5 2 3 . 0 0 0
F. R. Bank notes in circulation, net l i a b i l i t y . . . . . . . . .
8,000,000
8 000,000
*•*
All other l ia b il it ie s ...... ...................... ...........................
4,278,000
3.682.000
_______ 304,000
TOTAL LIABILITIES
3,135,277,000
3,176,023,000
1,125,442,000
Batio of gold reserves to net deposit and F. R. note
liabilities combined*...................... .................... .
63 * 5$
63.0$
83-2$
Batio o£ total reserves to net deposit and F» R. note
liabilities combined.,-.............. ........................
65 * 6^
65. 2$
Digitized
V for FRASER
X
d,
-
.
,
.
84 .y jo
P?.ieased for pcV'.icet,ion Sunday morning February 10, 19I 8 .,
Not earlier*
Xfl 2t>
# WEEKLY STATSM2HT OF RESOURCES AND LIABILITIES OF EACH OF THE FEDERAL RESERVE BANESAT "CWSE OF BUSINESS FEBRUARY 8, 1918.
(in thousands of dollars.)
I;-^SOURCES:
^
^
Boston
N. Y.
Phila,. Clevel. RicUb*. Atlanta Chicago St .Louis
,u
. jjcu/_Lleto
j.' ii’cvu. T'cX/c<-..i_
Gel a com and certificates in vault 11, 39 s 303,221
6,682 20,608
6,311
5,922 30,632
4.996 15-485
393
8,802
25,457 439 907
Gold settlement fund F. R. Board
37,9^6
90,820 60..109 ^7*770 13,439 19,553 39,627
23,402
9'535 29,959 15,396
16,526 404,042
__ J-3 1 1 2
3,675
4,725
1. 837
1,575
7,350
2,100
2,100
2-625
1,83 8
2 [s88
52,500
Gold with^ foreign agencies,
Totai gold neid by banks,
52 ,979 412,153 70,466 73,102 21.587 27,050 77,609
30,498 27*120 32,977 26,036
44,871 396,449
Gold, with Federal Reserve Agents,
45,287 255,525 73,031 68,336 26,072 46,872 135,512
34,454 40,2b8 48,269 22,b58
41,975 838,259
Gold redemption fund,
. zf*??? -30’’?QC
^ ^O O
17
502
1,140___ 868
868 1,308
440
1,290
27
19,960
Totai gold reserves
100,266 677,678 144,997 141.456 48,l6l 75,062 213,989
65,820 62 , 636' 81,6So 49~984
86,873 1754,668
Legal tepdernot.es, silver, etc.,
__5_,.g06
38,577
1,164
1,568 ,,3 8 8
1,751
5,034
1.345
608
96
1 .7 16_________ 373 '5 8 ,426
Total reserves,
106,072 716,255 146,l6l 143,024 48,54$ 76,813 219,023
67,165 69,304 81,732 51,700
87-246 1 8 1 3 ,0 9 4 ,
Bills dis.for members & F.H.Banks
48,036 177,237 25,153 41,194 28,449 10,541 77,702
31,970 12-013 3 2,581 10,995
29,252 52V, 121 5.
Bills bought jn open market
^ J 3 7 ..A ^ h 237 13,260
9,418 12,968
6,634 10,899
5,213
' 500
' 21
12,171
29.621 2 80 *70 5 ^
Total tills on hand,
6l,/93 343,4/4 38,413 50,612 41,417 1 7 , 1 7 5 - 88,601
37,133 12,511 32,608 23,166
58^873 805,826u
U.S.L-ovt. long-term securities, ^ 7 3 ^ ^ b l O ^ ^ r ^ e ?
J,0J2
8,261
1,231
5.369
7,007
-2,233
3,792
8,862
4,071
'2 481
J.S,Govt. short- terra securities, ^
2 0 9 4 ^ ^ 5 ^
3,337 31,908
1,969
1,591
5,197
1,444
5,910
5,427
2,730
1,500
All otner earning assets,
! ob> ^ 7 7 .
511
IQ
31
U54
6l2
283
1,090
- /
1-521
111
4.42VTotal eamir-f assets,
64 ,597 4557671 48,832 90,731 44,648. 24,589 loTJ^ll
41,143 2 V 3 03 46,897 31,288---5 2 / ^ ^ 0 ^ 1 3 1 5 '
Duo from oth^r F. R, Banks - net
2,458
.
...
I , l 6l
3,2 95
*-.•>
25,366
3,543
4,018
9,923
...
54c(a)l2,458~
Uncoxlectoa icuno,
l£ij 2b___ 65,481 2/7437 17,236 19,253 15.461 49,^21
1 4 ,9 7 4
6,055 14.585 14,268
11.749 272 506
JovU deducts.from gross deposits
1 8 ,9 ^
65,481 27,437 18.-397 23,148 15,461 74,887
18,517 10,073 24 ^ 0 8 14,268
12^289^^955"
5^ F.ede;axt.:lr.n for-d against F.R„Bk.notes........................................................... . ..........................
...
40Q
137
. . . 537
All otner resources,
..............................466
. . . ________ 38 47
...
.................................. ..... 551
TOTAij Ei;S(.u/hCES
189,613 1237,407 222,896 252,202 116,383 116,910 395,327 126,825 102,680 153,587 97,393
162,500 3135,277
L I A B I L I T I E S
Capital paid-in
6,004
19,383
6,826
8,218
3,739
2,867
9,237
3 ,4 8 2
2,655
3,401
2,798
SucpluS,
75
649
...
116
40
216
...
38
.................
Government deposits,
4,239
7,504
3,279
7,455
828
3,986
6,262
4,003
9,218
2,915
3,618
Due to members- reserve account,
88,256 676 , 90s 88,415 112,447 44,321 40,999 175,412
50,409 33,630 74,045 41,825
Collection items,
11,887
44,081 20,893 13,335 1^,769
9,134 16,533
1 2 ,0 5 2 2,645
7,697
5 , 32 s
Due to other F. R„ Banks — net
...
29,909
6,284
...
2,045
...
...
...
...
20S
Other deposits incl.for.Govt.credits
52,619
________ 408
...
4
3,100
173
5_______ 15
...
Total gross deposits,
104,382 811,021 118,871 133,645 59, 91s 56 , 168201,307
66,637 ^>,498 84 ,672 50,979
F.E.xfotes in actual circulation,
73,755 404,131 97,199 109,979 52,610 57,835 184,211
56,339 49,432 57,084 43,507
F.R„Bk„notes in circulation net-liab........................
.................
...
.................
...
...
gj000
...
All other liabilities,
397
2,223
360
____ __________ 356
317
57
430
109
total LIABILITIES
189,613 1257.407 222,896 252,202 116,383 1157910 395,327
126,825 102,680 1 53 ;537~97T393
(a) Difference between net amounts due frqji and net amount& due to other Federal Reserve Banks*
Digitized
\ for FRASER
4,219
72,829
. . . 1,134
6,181
59,488
69,634 1501,301
8,800 167,154
3 55Q
50
ss ’ 165 1 73 7 !817
70,0S7 1261,219
...
29 .
8,000
4.278
162,500 3135,277
released for publication Sunday morning February 10, 1918*
. Not earlier*
XJ12 c
STATEMENT OF FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS FEEEUAEY 8 , I 9IS .
ZXIO?
(in thousands of dollars♦)
Iwderal Reserve Notes:
Boston New York PhilaJ Cleve. Rich. Atlanta Chicago St.Louis
Minn. Kans.Cy. Dallas. San Fran. Total]
Eficeived frcw Comptroller,
111,360 710,620 134,200/ 137,lbQ 21,740 29,620 243,640
73,S60
67,920 82,740 68,500 82,100
1890,ISO/
Resumed to Comptroller,
i.U,e&4 lb,4b7 11,712 _?.,5*3
9.324
b,S21
, b
( ) rtJU
Gnargeabie to F. R. Agent,
576,465
, ^
77,908
57,194
In hands of F. R. Agent,
8,340
11,040 — 14,84o
15,940
40,780
#«r* --7,840
5,930
6,275
23S,19‘»
■
■
■
■
•* i.~sf;,<r..y
1
Issued to F, R» Banks, less
amount returned to F. B.
Of!
Agent for redemption,
81,687 466,665
,- - 112,036 59,478
l , s .1 5 ^ 1 1 7 .
51,164 _6liS78.3 1 ,7 2 6 . 81,279
137*1,255 >
Collateral held as security
for outstanding notes:
I
Gold coin- and certificates
J??
33,110 204,083
4,220
a n faaniSL .
24,018 . . .
3 >6o4. . .
...
13,102
...
14,580
...
296,717
4,177
11,442
5,422
Gold redemption fund,
4,177 11,4^2
5,4221
5 ,8 1 8 1 ,0 7 2
2,598 232
2,331 1,666
2 ,4 0 9
2 ,3 5 4
4.^09
4 3 ,8301,<J„<,
Gold settlement fund F .R . Board,
8,000 40,000 63,-95*
38 ,5 00 25,000
40,670 135,280 32,123
25,500 45,860
5,7 2 4 3 7 ,6 6 6
}
Eligible paper,minimum required 3 6,400 211,140 28,030
43,700 3 3 ,4 0 6
15.096
58,805 23,807
10,896 13 ,7 09
21,118 39,304
5 3 5 ,40057
Total
8|i| ^ _ 4 6 6 ^ 5 : 101!^ 6 ^ ^ i i 2 j,036_591478_^6l,968 194,317
58,261
51,164 61,978 43,776 SI, 279
p 74>g£5
Amount of eligible paper de
livered to F. R. Agent,
36,612 212,983 28,126 50,612 41,447 15,945 59,786 30,461 11,794 l4,64o 23,166 49,132 / 574,704
90,027
109,800
112 6
235,097 64,536
126,876 65,273
5,795
oil
101 616
6 96
10 88 12,922 13,109
69,818 55,391 81,279
11,615
\
/(oU/?S'5
58,261
MEMORANDA*
F. R. Notes outstanding,
F. S. Notes held by banks,
P. R. Notes in actual cir
culation,
. JEEBEBfiL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION.
05" I
81,687 466,665 101,6* 6* 112,036 59.478 61, 96s 194.317
2>.932 62,534 3,852
2,-057 6,868
4,133
10,106
—
58,261
.1,872
I$ 75
51,164 61,978 43,776 81,279 4 $ 74,3g§1,732 4,894
269-----------------------------------11,192 112,441
.
72,755 404,131 97,-76^ 109,979 52,610 57,835 124.211
56,389
49,432 57,084 43,507 70,037 126l,?S 42.1
DISTRIBUTION OF BILLS AND WARRANTS BY MATURITIES.
Bills discounted and bought,
Municipal warrants,
Digitized
V for FRASER
Within 15 days
16 to 30 days
31 to 60^days
61 to 90 days
372,107
123,853
9,748
134
172,953
7
127,165
513
805,826
1
334
989
Over 90 days
Total
1
Released for publication Smday morning February 1 0 , 1918,,
... ■
SIATMEN'J* SHOEING
IIA T IL IT Y V m tB OF MEMHER S*?^S ^OCATEC IN C3KTI!AL HES2RYE, E5SEEVS AND OTHER
CITIES AS AT CLG33 OF LUSLSLoS FSBifttA'HY 1,
1.
Data for all reporting banks .in each district.
(l~ thousands of dollars).
Nevs York
Bos ten
Ehila.
Cleve.
Rich.
Atlanta
St.Louis
Member banks.
No» re-oorting banics
3S
31>978
97
705*321
46
37,677
y-c soo
194,739
a-,
7 0 1,817
,230
4062,284
U .S .S e e . OTvT_ad;
Iiyr"iXiC' SuC, oy U- S»
B -rA? & Cert-i.fica.tas
411. rt-her Icc,ns
and investments,
Ksre-’re with F.R. Bazik,
Cash in vt-’ult,
Net damans, ,deposits
on which- reserve
1ii> O
XJ\Z‘
Not earlier.
60
22,132
603,074
81,402.
j..‘U'vCLj
Time deposits,
Gsrt- deposits;_________
.
3i i 2 I 2 _
65^.009
116,420
■
\ni*
119,678
69
618 27,821
20 ',933
36,274
4320,672 566,476 675,904
338,414
14,9^1 265.879
760. 4UP 30,825 20,452
,203
3 ’+
17,559
3M 33
4 4 ,SOI
9 , 27s
2 ,4 8 7
2 ,5 7 ^
263 261 1354,031
2 4 ,4 n
135; H74
12,488
66,397
388,900
33,6 30
2,47,693
13,375
9,081
193,207 iooo,4u
63.609 341,691
271,107
i72,743
81,378
51,718
93
si
2,026
605.oso 865,64^
60,4qo 80,041
O ,270
ICans.Cy. Dai las
Mi>jLrw
34
36,089
35
29,034
■2,276
k6,491
10,279
6s
1 9 ,3 ^ .
San Fran.
41
30 , 115,
675
1 , 222,724
5,977
371,966
444; 862 196,633 ■
4 85,266
4 J ; L97 19,201 *+3>217
17,176 12,744 22,709
9, 947,932
1 , 203,956
360,262
3 ,6 4 7
362,945 185;516
53=093
_l3.r329
Total
46
55,693
8,720
357,294
.
8 , 981,027
23,850 101,559
1,402,942
8 ,8 1 2
555,248
L 9 S 0 _.
2» Data for banks in eacn Central Reserve city, banks in all other Reserve cities and other reporting banks.
New York
Feb.l—— Jan. 25
No. reporting banks,
57
57
U*S,. Sec. ovsnedj
665,706 51.1,865
Loan's ?e-Cr. by tJ.S*
Bo^.ids & Certificates, 171,846 175,720
All other lo&as
and ir-v/sstalents,
3639 t^OS 3664,635
Reserve with F..R„Bank 6T.6 ~6.12 bCS; 804
Cash in vetQt,
101- 575 108^241
Net deniaud deposits
on which reserve
is computed,
3933,968 3884,853
Time deposits,
302,585
Covt< deposits,___
3 4 2,57 5 255,242
294,375
*Amended figures.
Digitized
V for FRASER
Total
Chicagi0 ?t..Loui s Central JReserve C.i t
Fet» 1 Feb, 1
Feb. :L^’
—t)Q,U.»
39
111
110
15
28,828
23,017
717,551
560,526
210..274
2.8.58 2
7,688
847,214
9? -616
36,918
280,589
25-784
4767,211
742,012
8,079
4801,680
730,508
146,572
685,870 191,120
136,545 62,574
4810,958
22,37s . s , 66l
208,116
493,498
381,214
^
1
Feb. 1 r.r— Jan. 25
415
415
421,184
424,918
Total
Feb. 1---- Join, 25
83,989
675
?3»95l 1 , 222,724
142,358
21,512
21,644
4452.141 *4453,997
728,580
46 ,654
30,998
142,338
415,290
420,164
155, 5S5
182,692
187,887
6,307
3590,569
755,s63
154,634
3571,165
509,37^
295,966
Country Banks
Feb. 1--—Jan. 25
149
3.46
37li966
671
1 , 069,395
37’+, 276
712,264 9 / 947,932 *9,967,941
48,529 1,203,956 1 , 199,201
360,262
31,^96
374,968
574, s4s 8, 921,027 8, 392,320
147,994
1,402,942 1,399,7^8
153.551
20,000 17,961 555,848
485,086
-111,159
742,380
579,500
Released for pubixoaciou Sunday morning February i7 «
Not e a r lie r . XV35
STATEMENT FOR THE PRESS.
February 16, 1918.
Liquidation in some Volume of investments with a corresponding;
decrease in reserve deposits, and a further gain in gold and totai re
serves are indicated in the Federal Reserve Boardfs weekly bank state*
ment as at close of business on February 15, 1918*
k
Gold reserves show an increase of 3.9 millions, the reserve
banks at ew York, Cleveland and St\ Louis reporting the largest gains
for the week, largely as the result of liquidation fcf discounted paper
and Treasury certificates* Discounts on hand declined 23.2 millions,
while holdings of acceptances show a gain of 6*6 millions* Of the total
discounts, 249*6 millions, as against 269.3 millions the week before, is
represented by paper secured by Government war loan obligations* About
44 per cent of all bills held mature within 15 days, and over 56 per
cent within 30 days. Government securities on hand fell off 67*6 mil
lions, largely at the New York Bank*
Total earning assets decreased
84.1 millions and constitute at present 67.8 per cent of the banks1
net deposits as against 68*9 per cent the week before.
Admission to membership and payment f»r Federal reserve bank
stock account for an increase in capital account of $400,000, the New
York and Cleveland banks reporting the largest increases under this
head* Government deposits show an increase of 28,1 millions, while mem
ber banks 1 reserve deposits declined 91.6 millions, all the banks ex
cept Chicago reporting net withdrawals of members1 reserve deposits for
the week*
Federal Reserve agents show a net addition to outstanding Fed
eral reserve notes of 18*8 millions* Against the total outstanding,
$1*392,484,000, they hold at present $852,375,000 *f gold and $575,434,000
of paper. The banks report an actual Federal reserve note circulation
of $1,281,045,000, an increase for the week ^f $19,826,000* The ratio
of tptal reserves to# the banks 1 aggregate net deposit and not£ lia bili
ties shows an increase for the week from 65#6 to 67*^ per cent.
CONDITION OF MEMBER BANKS ON FEBRUARY 8?H.
The weekly statement showing condition of 670 reporting member
banjcs in leading cities as at close of business on February 8 shows the
following principal changes for the week:
.
United States securities owned increased 37*7 millions, loan?
secured by Government war loan obligations decreased about 0*3 millionwhile other loans and investments decreased about 85*5 millions- For
the 57 member banks in New York City corresponding changes for the week
were:
Government -securities owned - increase 9.2 millions; l©ar.s se
cured by Government obligatio s - increase 10.2 millions; and ether
loans and investments ~ decrease 41.6 millions.
Net demand deposits of all reporting banks increased abDut 4.5
millions, time deposits decreased 1,2 millions, while Government deposits
went up 3 7*5 ^millions* For the New ^ork City banks net demard deoosits
show a decrease of 9*8 millions, time deposits a decrease of O X million,
and^Govermw^t;deposits - owing to large withdrawals of funds :°rom spec
ial depositary banks, - a decrease of 6 millions. Banks outside of New
York C it y in c lu d in g those at Chicago and St* Louis, report substantial
*incre-as^s in Government deposits.
-reserves with Fecterax reserve banks show a gain of about 5 millions* while total calculated excess reserves increase! by 5*4
millions from 136>8 to 142*2 millions. For the New ^ork Ci+v fcaaks a a-, crease of 12,5 millions in reserves with the Federal Rescue bank is a c
companied by a decline of excess reserves from 93 ,4 to 88*4 m.vli • ens < Fo:^
all reporting banks the ratio of loans and investments to toc:J ; ir^j.aiing
Government, deposits stood at 105*1 per cent, as against 1* 0 per ce/it :‘cr
banks in the central reserve cities end 98.7 per cenc for
Oily
banks. The ratio of total deposits to combined reserves and
.it crsh was
14*S per cent for all reporting banks, 15*6 per cent for banks in central
http://fraser.stlouisfed.org/
reserve
cities and 15.7 per cent for the New York City banks.
Federal Reserve Bank of St. Louis
X735a
Released for- publication Sunday morning, 'February 17 , 15ig .
No-1- rlxor
SmTitMENT OF COMBINED RESOURCES AND LIABILITIES OS’ THE TWELVE FEDEBAL RESERVE M I jKS AT CLC E OF BUSfKESS jf’KBHCIART *$>1918.
February 16, 1917February 8, 1918
R E S O U R C E S
February 15 , 1918
$ 274, 367% 000
$*39,907s000
Gold, coin and ceihifj.ca.tes in vault. . . . . . . . . . . . . . . . . . . $4*6,378,000
216, 221,000
4o4,042,000
Gold Settlement Fund- F„ R. Board............................ . . .
386,966,000
.
Gold with foreign agencies,...............................................
52,500,000
490 >583.000
396,* 49,000
Total gold held by banks-. .............................. .
885,8**,000
838
.
259.000
297, 270.000
Geld with Federal Reserve Agents.....................................
852,375*000
804.000
i q . 960.000
Gold redecjption fund .. . . *..- •• * • • • - • • • • • • • . • • . . . . . . . . .
20 13 23 *000
1.754.668.000
662.000
789,
Total gold reserves......................-............................
1.758,5*2 000
609.000
58.426,000
_
L
t
Legal tender notes, silver, etc........... ..........................
60,194,000
1.813.094.000
797, 271.000
Total reserves........... ............................................... *
1,818,736,000
525
.
121.000
19 . 553.000
Bills discounted for Members and F,. R» B a n k s . . . . . . . . . .
50J.S16 000
126
, 054.000
280.705.000
Bills bought in open Eiarket. . . . -...................... ......... .
287,263 >000
145
,
607.000
8
0
5
,8
2
6
,0
0
0
Total bills on hand.....................................................
789.179.000
471.000
*
55
;
782,000
29
,
U. S. Government long-teim securities.............................
52»3*3,000
18, 647.000
* 170, 100,000
U« S. Government short-term securities.........................«
105,981,000
4
,4
23,000
-lib. 816.000
All other earning a s s e t s ..................................................
*1.486,000
210 ^ l i ’/odo
1
*
0
3
6
,13ir000
Total earning assets.......................... ................ .
951*989,000
12,458,000
7, 840.000
Due f rorn other F. R. Banks - net............................... .
17 , 258,000
272,506.000
Uncollected items,............................................ .
357,069,000
1**X 2 4 ^ 0 0 0
284,964,000
152, esq ,000
Total deduction from gross d e p o s i t s . . . . . . . . . . . . . .
37*»327,000
400.000
537.000
5$ Redemption fund against F. R. Bank notes*......... .
537.000
481.000
Si
551.000
All other resources........... ................................... .
582„ 000
1 ,1 6 8 ,7 8 2 ,0 0 0
3 , 135 . 277,000
TOTAL RESOURCES
3,146,171.000
L I A B I L I T I E S
55.773.000
72 , 825,000
Capital paid-in...................... ............... .............................
73.229,000
•••
1 , 134,000
Surplus*,.................. .........................................................
1,134,000
10 . 851.000
59.488.000
Government d e p o s i t s . . . . . . . . . . .................. ........................
87*6*3.000
6s8?59i>ooo
1
,
501
,
301,000
Due to members - reserve account.................................-..1,1*09*71**000
121,218,000
167, 15**000
Collection items............. ........................ ......................... . 228,289,000
c ■>»•
59.874.000
Other deposits, including foreign Gov*t. c r e d i t s ......
52,315.000
8
2
0
,6
6 0 ,0 0 0
1
,7
8
7
,8
1
7
,0
0
0
Total gross deposits.............................. .
1,777*9^1*000
291
,
339,000
1
,
261
,
219,000
F« R. Notes in actual c ir c u l a t io n ................................
1,281,045,000
*»•
8 000,000
F. R. Banknotes in circulation, net l i a b i l i t y . .. .. . ..
7.999*000
510.000
4
.2
7
8
.0
0
0
All other liabilities..........................................................
4.& )3 .0 0 0
1 ,1 6 8 ,7 8 2 ,0 0 0
3* 135*277 »ooo
TOTAL LIABILITIES
3,146,171,000
Ratio of gold reserves to ust deposit and F. R, note
82.
liabilities cocibined............................... ................»
65*5$
63.556
Ratio of total reserves to net deposit and F. R. note
S3 *G$S
65. 6$
liabilities cocibined........... ....................................
67»7 /»
♦Amended figures.
,
52 500.000
,
,
255
Released for publication Sunday morning February 3 7 . 1918.
X735b.
.Wot earlier.
mSKLY STATEMENT OF EESOURCES AND LIABILITIES OF EACH OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS FEBRUARY 15. 1912
Boston
10,112
h e s c o c e s
N. Y.
304,027
107,79P
(in thousands of dollars.)
Phila* Clevel. Richm. Atlanta
10,917 22,706
6,328 .5.293
Gold c-jin and certificates in vault
18,572
*+0,281 52,437
Goj.d settlement fund F. R. Board
Cc'-I with foreign agencies,
3,675 13,112 3.675
*,725
Total gold held by banks
32,359 423,929 54,273 79,262
47,225 255,239 71 .645 74,047
Goid with Federal Reserve Agents
2,000 10,000 1,500
291
Geld redemption fund
81,524 655,163 128,018 1 54,206
Total gold reserves
5,990
39.202 1,821 1,622
Legal tender notes, silver, etc.
Total reserves
37,574 734,370 129,339 155,828
55,803 161,396 26,226 38,601
Bills dis.for members & F.F.Bariks
Bills bought in open market
14,923 . 170x 760
I7 .7 ? g t «jlSS5,
70 , 726332,156 43,964 47,506
Total bills on hand
630 4,789
6,070 3,261
U.S.Govt, long-teixa securities
U. S0Govt. short-term securities
2,194 45,963
3,352 28r?23
511
10
All other earning assets
Total earning assets
73,550 383,419 53.396 84,490
7,801
...
3,826
2,593
Due from other F. R« Banks - net
25,202 25,883 37,243 21,552
Uncollected items
Total deducts.from gross deposits
33.603 35.383 4l,069 24,145
5^ Redemp. fund against F.R.Bk.notes
All other resources
JIL
194*72712031672 224 ,680 264,463
TOTAL RESOURCES
^
Chicago St.Louis Minn. Kans.Cy, Dallas San,Fran.
376
2,263 25,900
30,527
5,002 15.667
7.322 26,435
17,125 14,981
15,132 13,772
41,416 31,593
2,822
1,232
2,625
7,350
2,100 2,100
1 ,23,1 _.i».5IfL_
27,226
*3,769
23 ,297 21,240
79.353 33,695 25,039 29,486
25,982 46,306 134.671 35,030 41,158 55.727 23,943 41,402
430
855
351
1.413
'2L
419 1 ,2 2 5
49,692 68',77 1 214,879 74,576 67,665 85,643 53,132 85,202
,366 1 ,6 3 5
5.294
1,372
613
68
1,912
299
220,173 75,948 68, 27s 85,711
55,044 85,501
50,064 70,406
83,841 23,615 11,658 17.597
8,128 29,802
34,98$ 10,320
14,401
5.431
1,957
1,494
11.291 30.*79
3.264 6.620
19,419 60*281
93,242 2§,046 13.615 19,091
38.133 1.6,940
2,457
4,021
3,862
3,238
7,007
2,233
1*231 3 ,4 9 4
1,502
2,730
5,004
1,444
5.018
1,969 3-.016
274
1,031
434
678
146
1J5L
64,514'
23,002
27,522
33.019
41,393 23,384
110,931 32,869
2,441
2,454
18,487
13,5^7
5,367 1 ,9 7 5
, l_ 12,542
60,042 18,085 11.709 25,216
22, 614. 17,120
19,261 14,983
27,.9'Sia9,£>95
78,529 20,539 n , 7 0 9 33,763
400
137
5,066
19 26
m w w
JflL
m
119,438
13,43 2
3.739
2,377
4io
W % %
t
409,633 129,356 102,989 157,393
L I A B I L I T I E S
Capital paid-in
Surplus
Government deposits
Due to members reserve account
Collection items
Due to other F„ R. Banks - net
Other deposits incl.for.Govt.credits
Total gross deposits
F.R,Notes in actual circulation
F.R,Ek.notes in circula.net liab.
All other liabilities
TOTAL LIABILITIES
6,006 19,656
.. .75
649
8,485
6,238
77,116 613,234
21,392 63,246
38,226
47,113
6,845
8,293
116
4,544 , 13,969
83,923 111,459
28,755 18,412
%*«
4,343 2,903
43r3^6 37,393
14,305 12,945
w ■* *
ulli
106,993 768,107 117.222 143’ 975
62,494 53,253
80,985 412,449 100,613 111,960
53,079 57,262
><
•#*
»• «
*•*
••*
668 2.811
...
235
-10
194, 7271203,672 224,680 264,463 "119,-432313,-*32
^____< < I
9,250
216
11,229
177.086
23,330
<* *•
2,020
213,665
186,355
3,482
5^232
48,436
14,444
f »«
2172
IL
63,234
57,265
...
147.
409,633
J
2,656
3,403
♦
101,964 1 65,157
2,793
16
25_______ n
3 8 6 ,9 6 6
52,500
835,344
2 5 2 .3 7 5
20,321
1753,5*2
60,194
1318,73b
501,916
287,263
7 2 9 ,1 7 9
52,343
105,981
4,43&
951,989
♦17.258
357,0.6a
37*.327
537
582
^ * ___ ________
38
6,132
7,389
5,5*7
38,47* 71,783
41,793
9,449
7,217
3 ,*5 9
290
2,717
16
25
...
50,213 3 8 , 6 4 6 5 6 , 0 3 7
50,007 57,416 42,976
»•»
7 ,999
* **
129,356 102,989 157.293
Total
446,373
4,224
11,532
65,660
10,235
3146,171
73,229
1,134
87,643
1409,71*
228,289
2,828
90,255
70,678
1777,961
101 , 96* 165,157
3 146 ,1 7 1
♦Difference between net amounts due from and net amounts due t o other Federal E^aerve Banks*
101
...
1231,045
7,999
4 ,8 0 1
Released for publication Sunday morning Fe'broary 17, lyig.
Not earlier.
X735c
STATIMSST OF IEKKBA.L BESEKVfi AGENTS1 ACCOUNTS AT CLOSE OS’ BUSINESS .ZSBBII&2Y
191 s.
(In thousands of dollars)
SjETSEBAL RESEFVE NOTES t
bostos
k e ? /loiar. p h j l a ,
cleve .
r ic h m . a t l a m a
Chicago s t . l o u is
m in n * k a n s . c y . DALLAS SAN. FRAN.,
TOTAL
Received fran Comptroller,
1X5 ; 7-'0 710,680 140,720 1Up,i 6o ,81,74-0 89,620 246,040 73 ,s 60
67,920 83 , 7^0 s
S , 4oo
Ret'oraed to Compt roller
22,^55 -3'H,501
£2>195
10,573 16.624 11,878
8,94^
9,748
10,996
13,234 13,3
6,894
2.81. >M
Gr&rgsP’ol e to i\. B<, Agent
93,42 ' 5^,179 118,525 131,587 65, 116“ 77 , 742^ 237,097 “ S 4” i i 2
'5^ 98^
70,506 55,17 5 82, 506~ l B 2o. s014
In h~,z:<dc cf F. R» Agent
9,860 105,800 12,560 l6,o4o 5,795 15,650 40,980
4,315
5,680
7,860 n ,.99 0
236,530
Issued to F* E. Banks, less
amount retr-med to F* E»
1 /rent fcx* re demotion
- g 3»g L- !*Ig llIL- ^5 19 § 5 ^ .3 5 i ^ I _ % i3 gl._§2i092._196iU 7 _ ^ 5 9 i7g7___ 51 >304___ 506_-I3q2,4g4
COlXi.i.PEM.u FELD IS SECURITY
Jt’UR C^Fi'STANDING MOTES;
Go’ ri ccrlr. and •''-artificates
22,464
3,604
on hand
33>109 204,064
13,102
14 ,580
290,923
Gold redemption fund
4,116
6,523
982
5.336
2,432
59S
2,292
11,175
44,512
2,867 2,339
4,236
1 ,5 5 6
40,000
Geld set rleniant fund F,R» Board 10,000
26,500 52,860 7,024 37,166 516,940
66,309 45,000 25,000 40,270
32,738
Eligible. paper.rainimuEa required ^£,^00
.140
41,500 33,339 _15JS_6_ 61,446 -gjjjJil. 10,146
6,919 1 9 , 2^
41 ,104
540,109
Total
j ^ L ^ 1? .l ^ i g 4! _ 5 9 ,321 62,092
43,185 22,506 1392,484
AMOUNT OF ELIGIBLE PAPER DE
LIVERED TO F. E, AGENT
36,416 220,955
35,063
^7,506 32,193 .1£,<&7
62,4^2
19,419 54,294
575,434
6 ,500 5
25
215
1910,160
-6
134,073
34,^20
M E M 0 U O
A.
FEDERAL EESEEVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION.
F« E. Notes outstanding
F,> E- N: tcs held by hanks
F.
Noves in actual cir
culation
23,625 470,379 105,965 115 , 5^7 59,321
2,.640.... 57,930
5,352
3,587 6,242
62,092 196,117
9,762
2,532
51,304
1,297
62,646
5,230
80,985
57,262 186,355
57,265
50,007
57,^16 42,976 70,678
4-12,449
100,613
111,960
53,079
4,030
59,797
43,185 82,506 1392, 4S4
209 1 1 ,828 111,439
DISTRIBUTION OF BILLS AND WARRANTS BY MATURITIES.
Within
Bills discounted and bought
Municipal warrants
15
days
3^2,930
63^
16 to 30 days
93,925
10
31
60 (Jays
125,542
7
6l to 90 days
Over 90 clays
Total
150,567
10,155
469
729,179
1
l ,i a
1281,045
Beleased for pi~blieat:l :.-i Sunday morning "February 17, 1918.
:Tct e. -7.1 '
a {Z m GmUbAL BESERVE, RESERVE AND OTHER
SIAmiK?E SHuWIKG PRINCIPAL RESOURCE AND LIABILITY 17.M S Ci1’ Jj&tSEA BSBLKCXED CIl'ILS A3 Ai CLOSE OF BUSINESS iilb'HL'A. r g, 1Q1S.
1- Data for all reporting banks in each district.
Member banks
No* reporting banks
U*S*Sec* owned
Loans sec* by U* S*
Bonds & Certificates
New York
Phila.
3J5.255,.
97
714,460
47
41,926
119,362
32,236
205,319
24,070
27,010
Boston
3S
All other loans
and investments
697,232
Beserve with F„B.Bank
22,461
Cash in vault
Net demand, deposits
on which reserve
602,016
is computed
Time deposits
81,653
Govt, deposits
39,4 07
65,267
4022, 579
644,994
117.201
4308,652
296, 04s
356,186
Cleve*
75
Bich*
68
42,959
Atlanta
3*
32,270
Chicago S t . Louis
32
92
93,449 37,597
2,512
37,665
9,578
616, 7 SS 899,456 313,351
60,665 86,780 27,840
21,721 32,637 16,150
266,438
25,313
1330,340
135,939
3 53 >126
35 , 21s
574,804 694,116
15,363 203,155
40,434
27,436
195,794 996,912
72,723 342,457
4 ,566
58,461
13,2-59.
252,307
44,697
11,9 05
12,197
60,821
13,216
Minn.
34
17,750
1,933
Kans.Cy.
Dallas
3 6 ,1 36
41
3 0 ,5 7 2
45
57,155
1 ,2 6 0 ,3 9 1
3 ,7 H
5,633
3 7 1 ,6 3 6
67
2,710
249,161 444,913
19,186 43,180
9 ,3 5 4
270,664 1 7 8,97 2
81,156 52,031
11,800 14,199
-735a
16,228
192,638
1 9 ,0 3 2
1 2 ,4 5 2
373,483 1 8 1,93 5
44,o66
13,133 ....s ,125
San Fran.
476,467
Total
670
45,078
21,486
9,862,48-9
1 ,2 0 8 ,9 9 2
3 5 5 ,9 2 4
35 5,906
8, 925,561
23,828 101,560
7,59b
1 ,3 5 8 ,7 3 7
593,318
2 . Data for banks in each Central Reserve city, banks in all other Reserve cities tmd. other reporting banks.
Total
Total
Country Banks
New York
'■-Chicago St.Louis Centra.1 Reserve Cities Other Reserve Cities
Feb. 8---Feb. 1
Feb. 8— -Feb. 1
Feb. 8— — Feb. 1
Feb. 8
Feb. 8
Feb.8— — Feb. 1
Feb. 8-— Feb * 1
149
414
415
670
14
146
110
111
No. reporting banks
675
39
57
57
1 2 22 ,7 2 4
421,184
674,884 665,706
U .S .S e c . owned
25,140
78,8 67
1260,331
44.1,531
83,939
739,993
39,969
717,551
Loctns sec. by U .S .
3 7 1 ,9 6 6
211.512
142,338
371,636
21,450
208,116
138,469
8,051
Bonds & Certificate s 182,011 171,846
21,-655 21,512
All other leans
9862,489
4452,141 701,670 728,580
9 9 47 ,9 3 2
4767,211
4470,690
and investments
3 5 97,334 3639 ,*08
841,957 250,333 4690,129
432,192
415,290
4
6
,6
54
742,012
46,521
1208,992
1203
,9 5 6
Reserve with '?■,R.Bar : 606,121 618,612
97,083
27,069
730,273
360,262
3
5
5
,9
2
4
147,329
177,920
102,445 101,575
1 8 2 ,6 9 2
3
0
,9
9
3
37,818
Cash Sn vault
7 ,5 6 6
146,572
3 0 ,1 7 5
Net demand deposits
on which reserve
8931,027
'4 8 1 0 ,9 5 8
3621,316
is computed
3924,219 3933,968
8935 ,561
638,671 193,030 4805,920
3590,569 553,325 579,500
1
5
0
,4
0
2
449,847
758,488
755,363
153,531
136,861
Time deposits
1358,737 *1359,956
62,370
2 50,616 *
. *!?
*45M 12
20,000 ___ 593.,>3_ijL....55.5x.S4S
3 8 1,21 4 . 135,115- ....15**63* .. 21.1.521
Govt. deposits_______
3 8 6 ,6 3 2
336,569 342,575
J M * _.
251 3
♦Amended figures
T
1 10,668
@FedFRASER