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Released f o r p u b l i c a t i o n Sunday morning Feb- 23 , 1$1$; n o t e a r l i e r
.STATEMENT FOR TEE PRESS.

i

9

St

February 21, 1919+

S a t u r d a y F e b r u a r y 22 b e i n g a l e g a l h o l i d a y , t h e F e d e r a l Reserve B o a r d ' s
weekly bank s t a t e m e n t was i s s a e d - t h e .day b e f o r e a s a t c l o s e of b u s i n e s s on
Thursday, F e b r u a r y 20, 1919*
The s t a t e m e n t i n d i c a t e s moderate n e t l i q u i d a t i o n of a l l c l a s s e s of b i l l s ,
& s u b s t a n t i a l r e d u c t i o n i n r e s e r v e d e p o s i t s , and a s l i g h t d e c l i n e in Federal
Reserve n o t e c i r c u l a t i o n .

Gold r e s e r v e s i n c r e a s e d 5*7 m i l l i o n s and t o t a l

cash r e s e r v e s - 6 . 2 m i l l i o n s .
Holdings of, war p a p e r , i . e . , b i l l s secured by U* S *.war o b l i g a t i o n s , snow
a d e c l i n e of 6*6 m i l l i o n s , o t h e r d i s c o u n t s a d e c r e a s e of 11*9 m i l l i o n s , and
a c c e p t a n c e s a d e c r e a s e of 5*^ m i l l i o n s .

On t h e o t h e r hand U n i t e d S t a t e s s h o r t -

term o b l i g a t i o n s on hand i n c r e a s e d during t h e week by $ #9 m i l l i o n s , l a r g e l y
due to p u r c h a s e s of 2^, T r e a s u r y c e r t i f i c a t e s by the Boston and New.York b a n k s .
Government d e p o s i t s show an i n c r e a s e f o r t h e week of 12*? m i l l i o n s , v&uJ.e
reserve deposits f e l l off

5 9 ^ millions *

Net d e p o s i t s * because of trie r e -

duced " f l o a t " show a s m a l l e r decrease of 13*9 m i l l i o n s *

A r e d u c t i o n of 2_1

m i l l i o n s i s shown in t h e volume-of F e d e r a l Reserve n o t e s i n c i r c u l a t i o n .

The

t a n k s ' r e s e r v e p e r c e n t a g e , because of t h e d e c r e a s e i n n o t e and d e p o s i t l i a b i l i t i e s and t h e s i m u l t a n e o u s I n c r e a s e i n r e s e r v e s , shows a r i s e f r o m 51*9 to
cg.2 p e r c a n t .




Released, f o r p u b l i c a t i o n Sunday morning February 23, l g i $ ; n o t e a r l i e r .
.
St.224a
STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS FEBRUARY 20, 1919.
%
RESOURCES
February 20, I919
February l4, I9I9
February 21, 19 if"
Gold coin and c e r t i f i c a t e s
$350,417,000
$34?,764,000
$44?,50S, uuC
Gold Settlement Fund - F.R.Board
457,889,000
437,278,000
375,273,000
Gold w i t h f o r e i g n a g e n c i e s
5.829.000
5.829.000
52.500.000
T o tal gold h e l d by banks
814,135,000
790,871,000
875,281,000
Gold w i t h F e d e r a l Reserve Agents
1,197,923,000
1,217,3^3,000
877,023,000
Gold Redemption Fund
112.923.000
111.113.000
„ 20.091.000
T o t a l gold r e s e r v e s
2,125,04l,000
2,119,3^7,000
1,772,395,^00
Legal tender n o t e s , s i l v e r , e t c .
66,491.000
65.971.000
60,129,000
T o tal r e s e r v e s
2,191,532,000
2,185,318,000
1,832,524,000
B i l l s d i s c o u n t e d : Secured by Gov't- war o b l i g a t i o n s
1,596,458,000
1,603,052,000
263,905,000
A l l other
221,996,000
233,849,000
•
245,629,000
B i l l s bought i n open market
269.920.000
275.0&8.000
296,170,000
T o t a l b i l l s on hand
2,088,37^,000
2,111,969,000
805,704,000
TJ-. S. Government long-term s e c u r i t i e s
28,095,000
28,101,000
52,950,000
U. S; Government s h o r t - t e r m s e c u r i t i e s
147,123,000
l4l,204,000
169,707,000
A l l other e a r n i n g a s s e t s
4.000
4,000
3.436,000
T o tal e a r n i n g a s s e t s
2,263,596,000
2,281,278,000
1,031,797,000
Bank promises
8,969,000
8,967,000
U n c o l l e c t e d items and other deductions from g r o s s d e p o s i t s
633,806,000
701,465,000
310,565,000
5$ Redemption Fund a g a i n s t F . R. bank n o t e s
6,809,000
6,842,000
537,000
All other resources
8.420,000
10.658.000
731,000
TOTAL RESOURCES
5,113,192,000
5,194,528,000
3,176,454,000
L I A B I L I T I E S
Capital paid-in
81,4o6,000
81,211,000
73,305,000
Surplus
22,738,000
22,738,000
1,134,000
Government d e p o s i t s
205,675,000
192,970,000
56,165,000
Due to members — Reserve account
1, 563,912,000
1, 623,158,000
1,459,720,000
D e f e r r e d a v a i l a b i l i t y items
480,257,000
517,726, 000
199> 278,000
Other d e p o s i t s i n c l u d i n g f o r e i g n government c r e d i t s
114.758.000
112,273,000
58.329,000
Total gross deposits
2,364,602,000
2,446,127,000
1,773,492,000
F. R. n o t e s i n a c t u a l c i r c u l a t i o n
2,466,248,000
2,468,388,000
1,314,581,000
F. R. bank n o t e s i n c i r c u l a t i o n 4 n e t l i a b i l i t y
133,465,000
132,291,000
7,999,000

All other l i a b i l i t i e s
TOTAL LIABILITIES
Ratio of t o t a l r e s e r v e s to n e t d e p o s i t and F. R. n o t e
l i a b i l i t i e s combined
R a t i o of gold r e s e r v e s to F . R . n o t e s i n c i r c u l a t i o n a f t e r
s e t t i n g a s i d e 35% a g a i n s t n e t d e p o s i t l i a b i l i t i e s




44,733.000

5,113,192,000

43.773.000

5,194,528,000

52-2$

51*9$

64.3$

63-8$

.

5.943.000

3,176,454,000
66.0$

R e l e a s e d f o r p u b l i c a t i o n Sunday morning February 23, 1919; n o t e a r l i e r .

W E L STATEMENT OF RESOURCES A D LIABILITIES OF EACH OF THE FEDERAL RESERXE B N S AT CLOSEOF BUSINESS FEBRUARY 20, 1919'
EKY
N
AK

RESOURCES
Gold coin and. c e r t i f i c a t e s
Gold. Settlement Fund. - F.R, Beard.
Gold, w i t h f o r e i g n a g e n c i e s
T o t a l gold h e l d by Tanks
Gold, w i t h F e d e r a l Reserve Agents
Gold Redemption Fund.
T o t a l gold r e s e r v e s
Legal tender n o t e s , s i l v e r , e t c .
Total reserves
B i l l s )Sec.by GoYt.war o b l i g a t i o n s
DisctdJAll other
B i l l s bought i n open market
T o t a l b i l l s on hand
IL S,Cbv% t* long-term s e c u r i t i e s
U.SfGcv't,short-term securities
A l l other e a r n i n g a s s e t s
T o t a l earning a s s e t s
Bank premises
U n c o l l e c t e d items and other ded u c t i o n s from g r o s s d e p o s i t s
Rede o p t i o n Fond a g a i n s t F.R.
bank r o t e s
A l l other r e s o u r c e s
TOTAL RESOURCES
L I A B I L I T I E S
Capital paid-in
Surp In 5
Government d e p o s i t s
Due to members - Reserve account
D e f e r r e d a v a i l a b i l i t y items
All other deposits, including
f o r e i g n government c r e d i t s
T o t a l gross d e p o s i t s
F.R. notes in a c t u a l c i r c u l a t i o n
F«R% bank n o t e s i n c i r c u l a t i o n . net l i a b i l i t y
A l l otlier l i a b i l i t i e s
TOTAL LIABILITIES




Boston

,3,604
4i,w3

_._J+Q8

45,687

New York

(In thousands of d o l l a r s . )
phi l a . C l e v e l . Richrn. A t l a n t a Chicago S t . L o u i s

260, SOS
123
42,5117 41,193
2,011

4og

3Oh,363 41,724
51,156
257 , 793 71,497
13,495 _25,000__ 13.372
110,338 385,156 128,593
1,6.50.. 3_2,_107_
186
115.98S
640/463 128,979
133,158
707,364 17/,360
7,831
46,917 12,168
41*128 2,1.16
153,022 795,680 191,644
538
1,3 92 1,3 85
11,416
52,727 11,280
169,976
800

53,617

525

2,319
19,758
204

78,064 22,281
130,4 82 49,165
1.769 4.6q4
210,315 76,l4o
1,008
2_64_
211,323 76,4o4
55,522 84,477
7,316 11,480
61.359 7.085
164,197 103,042
1,084
1,234
11,340
5,375

8,303 22,456 4,206
19,331 103,589 26,654
17 s)

27,809
41,398
4.803
74,010
-857

74,867
60,197
15,008
7,980
83,185

816

211

541

7,566

814,135
1, 197,983
112.923
2, 125,041
66.4qi
2, 191,532
1, 596,45s
221,996

11,125 52,801 18,185 28,371

633,806

213

291

37,349
47,785
6,612
91,766
266
92,032
32,324
37,990
10.864
81,17s
s,s6s
5,416

269^20

2, 088,374
28,035
147,123
4
138,821 2, 263,596
; 3 , * 2 60,585
4oo
400
221
8,969

575
_I3R

20,925

To t a l
350,417
457,889
-5^822

5,95b 3.2,614
11,120 36,065
204
321
17,280 49,600
20,021 107,111
4,124
1.722
39,029 160,835
186
1.887
4o,9l6 161,021
17,653 65,865
33,265 21,722
1.800 42.440
52,718 130,027
3,967 3,46S
3,900
5,326

80,315 60,333

158,844 70,851 52,342 47,922 30,956 66,962 41,830
1,851

Minn. Kans.Cy. D a l l a s San Fran.

IS, 305 -.112
22,4ss 36,946

126,861 31,093 31,024
296,815 69,442 55,318
26,l4o
4,147
4,6iq
450,016 104", 882 90,961
1,-215
2_2I2_
in.
451,291 107,114 91,134
154,870 45,248 17,420
17,952 8,355
1,992
ll.,?4q 17,991 11.6c4
206,071 71,5 o u 51,016
lis
4,510
1,153
16,612
7,56s
9,159

3(8
6,964
4
843,799 204,309 176,621.109,"651 90 , 531 £7,193
2,05s
500
296
217 2,936

2)6

510

21,616
55,923

St.224b

2.28
232
264
6s6
525
872
310
6,809
350
355
1^026
8.480
-.436
,6ai
3"'
J.0
43S_
ill.
JJL
J2i±9_
;>4i(2^4 1,655,851 405,949 44I,5O4 234,889 197,357"750,280 230,521 162,946 241,79s 120,934 329,909 5,113^192

6,773
1,535
24,150
96,564
40,4)2
130
161,076

158,190

4,084 3,196 11,300 3,820
Sl,4o6
2,94s 3,712 3,194 4,679
1,156
775 3,316
801
1,211
592 1,224
726
22,738
44,352 15,323 15,689
6,439 5,005 29,607 11,610 9,669 i 4 , 4 n
4,284 25,136
205,675
635,846 93,287 123,372 53,517 42,859 220,035 61,46l 46,723 70,598 37,501 77,349 1,563,912
119,811 61,019 43,801 31,916 24,095 52,774 35,251 7,792 34,033 15,431 13,902 480,257
8,322

1.304

9,209

1,776

4i4
45
1T 110
_6l63_
98
1U8
6.R51• 114.758
J25125_
-239.
904,479 170,292 188,587 92, i l l 72,004 303,546 108,756 64,30= 119, l4o 57,36' 122,938 2,364,602
666,8)8 213,257 228,815 130,661 113,003 410,057 105,979 88,812 102,908 52,309 192,333 2,4b6,24s

-104,470

36,305 10,919 10,i44
9,989
5,055 6,979 17,432 6,720 4,935 12,585 6,051 6,301
133,465
.13,96?
.-6.1.1
1...S??
.3.. 53.1
2.97)
1,394 4,629
4^
1.44-5 1.166. ?.242
1-424
2-174
341,254 1,6)5,851 405,949 44i,504 234,889 197,357 750,280 230,521 162]946 241}798 120^934 325,909 5,113^192

St.224c

Released f o r p u b l i c a t i o n Sunday m o r n i n g F e b r u a r y 2.3, 1919; n o t e a r l i e r .
STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS
( I n t h o u s a n d s of d o l l a r s . )
Boston
New York p h i l a . C l e v e l - Riclm, A t l a n t a
FEDERAL EE SERVE NOTES:
^56,360 1J26,6S0 330,420 327, SHo 204, 820 204,560
R e c e i v e d I'rcm C o m p t r o l l e r
71,257 407,656 86,496 50,595 4b,601 32,656
R e t u r n e d to C o m p t r o l l e r
C h a r g e a b l e . t o F-R^Agent
125,303 919,024 243,924 277,245 158,219 171,874
In hands of FVR*Agcnt
23,800
152,000 is,900 30,215 22,405 55,285
I s s u e d bo F.R* bank l e s s amount
r e t u r n e d t o F,R- Agent f o r r e demption
161,423 767,024 225,424 2'n\030 135,214 116,589
COLLATERAL SECURITY FOR
OUTSTANDING NOTES:
Gold c o i n and c e r t i f i c a t e s on hand
Gold Redemption Fund
Gold S e t t l e m e n t Fund - F-R^Board
E l i g i b l e p a p e r , minimum r e q u i r e d
Total

11, 156
4u,vuU
3I,),2b7
161, 423

AMOUNT OF ELIGIBLE PAPER
LEIIVEREL TO f , R. AGENT

152,022

173,74c
14,053 14,60s
70,000 56,889

FEBRUARY 20, 191$.
Chicago S t . L o u i s

Minn. Kans »Cy D a l l a s

86,649

Total

559,440 166,700 124,480 158.700 101,960 251,520 4,013,680
74,210 37,564 23,056 34,629 24,740 26,685 916,175
485 , 230 129,136 101,424 124,07 1 77,220 224,835 3,097,505
48,280 8/015 li,4oo l4,520 24,170 11,000 419,670
436,950 121,021 90,024 109,551 53,050 213,535 2,677,235

23,270
2, y-4
13,0:2
12,212 1,165 2,624 5,871 3,011 3,26b 3,425
95,000 48,000 36,270 290,944 66,431 39,000 44,360

- 2 i a ^ 2 1 1 _ m _ 9 2 1 116,542

San F r a n

7 5 . 1 9 1 l4o, 135

12,521
2,756 9,232
4,684 97,879

225,147
23,379

457
229,457

51,679

34,706

61,766

3 3 , 0 2 9 106,724 1 , 4 7 9 , 2 5 2

795,680 157,072 163,409 100,892 78,049 206,071 66,467

49,824

81,178 52,718 112,624 2,022,006

7of,024 225,424 247,030 135,214 116,589 436,950 121,121 90,024 109,551 53,050 213,235 2,677,235

M E M 0 R A IT D A
IEDERAL RESERVE NOTES OUTSTANMG- AMD IN ACTUAL CIRCULATION
F . R« n o t e s o u t s t a n d i n g
F- R- n o t e s h e l d by bank
F.R. notes in a c t u a l c i r c u l a t i o n

161, 423
3, 233
158.190

16/,V24 225,424 247,030 1 ) 9 , 8 1 4 116,529 436,950 121,121
5.153
3. 520 26,893 12,142
100,166 12,167 18,215

90,u24 105,551 5 3 , 0 5 0 213,835 2 , 6 7 7 , 2 3 5
l,212

6,643

666,858 213,257 228,215 130,661 113,009 410,057 108,979 83", 812 102,908

7 4 1 21,442
211,587
rrrr—
5 2 , 3 0 9 192,393 2 , 4 6 6 , 2 4 8

DISTRIBUTION OF BILLS, U* S, G0WRI3.4ENT SHORT-TERM SECURITIES AND WARRANTS BY MATURITIES.
W i t h i n 15 days
B i l l s discounted
B i l l s bought i n open m a r k e t
U.S,Goveryjmenu s h o r t - t e r m s e c u r i t i e s
!/runicipal w a r r a n t s



1,451,139
21,525
12,563

16 to 30 days

56,220
66,051
130

3 1 to 60 days

95, §61
92,250
-

6 l to 90 days

191,532
23,034
350

Over 90 d a y s

22,996
134,080

Total

1,318,454
269,920
147,123

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