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C O N F I D E N T I A L

PERCENTAGE OF GOLD iSND LAKFUL MONEY RESERVES AGAINST NET DEPOSITS,
PERCENTAGE OF GOLD RESERVES AGAINST FEDERAL RESERVE NOTES IN ACTUAL CIRCULATION AND OF
TOTAL RESERVES AGAINST COMBINED FEDERAL RESERVE NOTE M D NET DEPOSIT L IA BILITIES
OF ALL FEDERAL RESERVE BANKS.

Not for publication.

June 27 > 19 19 *

Ratio of gold and
lawful money reserve
to not deposits
.TnnG
— .Tune 27
—

Ratio of gold reserves
to F* R. notes in
actual circulation
June 2 0 --- June 27

Boston

1 9 .4
+

4 3 .2

4

Nsw York

6 5 .3

64.7

phi lade lphia

4 2 .5

Ratio of total reserves to
net deposit and F* R* note
liabilities combined
June 2 0 --- June 27

Ratio of gold reserves to F * R notes xn
_*
actual circulation after setting aside
35 $ against net deposit liabilities.
.Tune 2 0 --- June 27

4 »5

44.2

4

43.2

43.0

54.5

54.3

75-1

75*2

41.5

4 .7

4

4 .4

4 .5

45.3

43.4

56*9

54.6

o

. S

o

o

o

. o

i

1

5 0

. 5

o

. 0

4

5

. 3

Cleveland

5 6

8

55.3

57 *0

5 ^ .2

Ri cilfiond

5

. 5

55*7

37-0

37-1

44.5

42-8

Atlanta

44.6

46.2

4

i

.

4 .6

42.5

42.9

Chi cago

42.4

4

6

9

. 3

6

8

. 5

59-7

6

55*3

55*2

55*8

55-5

6

9

. 5

68.0

5

0

. 1

5 0

6

9

. 5

s

i

1

. 9

53-1

58.5

5

6

. 4

Minneapolis

5 6

. 8

6

55*1

4

9

. 2

Kansas City

44.6

4 4 .3

4 3 .9

44.2

44.2

44.2

Dallas

4

4

40.2

4

42.5

4

5

53*9

4

5

. 7

5

. S

i . o

i . o

San Francisco

44.2

42.6

59.1

58.4

Total

55-5

5 6

50.3

4

DIVISION OF REPORTS AND STATISTICS
FEDERAL RESERVE BOARD
July 2, 1919*



. 0

9

. 5

4

. S

52.5

l . o

52.1

. S

50.4
4

5

. 3

6

5 * 8

46.3
4

5

. 9

73.4

. 7

9

St. Louis

7 0

'

76*6

67.5

6

6

. 3

. 8

47.7

46.1

6

61.4

2

. S

64.9

64.2

C O N F I D E N T I A L

S t . 467

RATIO OF "FI0AT" OF EACH FEDERAL RESERVE BANK TO IMMEDIATELY AVAILABLE DEPOSITS*

Not f o r p u b l ic a t io n .

*
"FLOATM
* "Float» after adding net debit* "Float" after deducting National and F« R»
’
* Deferred
* Ratio to *
or deducting net credit in *
Bank notes, also net investment in
*ljncolie cte d* aval labi li ty 1 Mount 'immediate*
Saturday*s settlement. *
transfers from second calculation.
*
items
»
items
*
rays±labl® *
T Ratio to immediately 1
t
Ratio to immediately
t
1
1
’deposits. * Amount » available deposits * Amount *
available deposits
t
»
1
*per cent. *
T
1
1
per cent
par cont#

Federal
Re serve
Bank

Bo ston

62,642

45,330

17,312

14.5

12 ,564

•10.5

12,318

10.3

173,277

126,268

4 7 ,009

5-5

49,095

5-8

41, 572

4.9

phi lads lphia

62,180

54,473

7,707

6.9

10,825

9*7

10,825

9 .7

Cleveland

55,322

4 s , 942

6,380

4 .9

7,407

5-7

6,s4o

5-3

Ri chnond

54,036

^6,935

7 ,10 1

12.8

4 , 4 10

7.9

2,810

5*1

Atlanta

26,953

21,828

5,125

1Q«2

5,030

10 . i

4,775

9-5

Chicago

76,149

68,781

7,368

3 ,0

11,262

4 .6

12,116

5-0

St. Louis

*+3,555

35,684

7,871

12.3

7,888

12-3

8,853

13 .8

Minneapolis

15,026

10,662

4,364

g-o

3 ,8 64

7 .1

3 ,5 21

6.4

Kansas City

55,172

35,309

•19,863

22.7

17,735

20-3

8,178

9-3

Dallas

19,997

15,613

4,384

9-9

6,564

i4 ,s

3,435

7-8
9

New York

San Francisco

•

.......24,595

14,660

15.8

12,500

13.5

8,386

683,564

Total

39,255

534,420

149 ,144

7-8

149 ,144

7-8

123,629

DIVISION OF REPORTS AND STATISTICS
FEDERAL RESERVE BOARD

2, 1919*



6 .5

St- ^67 a

COMPOSITION OF UNCOLLECTED ITEMS AND DEFERRED AVAILABILITY ITEMS

(in thousands of dollars-)
Unco iiectgd. items»
_______________ Juno 27, 1919 - ______
Checks .'National Bank;
and : notes and •
: All other ;
Clearint
other :Bank notes of;Transfers ;imcoHooted:

: Government; other ;
Gold
t
Settlement:Transfers - transit : transit;
ituuis;
items
Suspense

fotal

59,72^

phi lade lphia

l6,22S

-

29,102

^ 5,330

173 , 277

60,369

-

65.299

126,263

51,592

Hew York

62,642

140,270

Bo ston

C le v e la n d .

D e f e r r e d aval labi li ty_ iJjggjL:

62, ISO

20,531

2,7^1

31,2 0 1

5^73

49

327

24o

**9,335

55,322

4 5 .6 4 4

770

32.52S

48,942

5 ,3 7 1

l4l

l4i

l> 59

51,566

54,036

19,829

2,531

2^,575

46,935

729

558

17,215

21,828

Richmond
Atlanta

1,816

399

255

-

24,483

26,953

M 55

56^

732

69,139

76,1^9

26, 84s

2,150

1,73^

68,781

5 ,7 1 ^

-

38,049

Chicago

1,700

250

41,04-7

43,555

14,252

1,700

118

35,684

73

4^5

1 9 ,6 i 4

St. Louis

1,281

3

53

290

13,399

15,026

390

6,307

10,662

Minneapolis

733

450

599

8 ,9 5 8

44., 432

55,172

8,023

27,286

Kansas City

35,309

561

2,568

15,576

19,997

. 6,207

8,724

15,613

755

557

682

Dallas
oaw •prancisco

2 , 65^

27

&

3,961

S3

17,933

2^,595

Total

52, 2^2

10,908

IS, 45s

9,5^7

3 1 s,^3S

53^20

STATISTICAL DIVISION
FEIERAL RESERVE BOARD,
July 2, 1919^ '



8 ,9 3 ^

32,U59
593,022

3

, 9

6

5

39,255

6i.6.33_

6S3.56U

202, 52*1 .

-

;-3;851

G O L D
Federal
Reserve
Barik of

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francicco
Total

Balance
last
Gold
statement
with­
drawals
June 26,
1313. ____
_
32,370
239,974

50,226
20,557
20,497

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
*
Minneapol is
Kansas City
^Dallas
•San Francisco
Total

de-

posits

10,000

2,000
8

7,096
275
56

248

2,000

612

13,993
92,247
2 1 , 141*4

1,700
66

299

24,430
36,337

10,506
29,705

2,000

592,286

u n mousemas 01 dollars)
Aggregate
Aggregate
wi thdrawai s deposits &
T R A N S F E R S
& transfers transfers
to Agent1 s
from
Debit
Credit
Fund
Agents Fund
2,000
35,000
6,182
10,000
147,150
75.000
8,000
7,096
40.000
15,587
2,000
18,000
5,275
20.000
13,508
56
45.000
48.000
6,248
2,000
13.000
5,160
57.000
299
46,010

77
23

297
5,165

Balance
last
statement
June 26,

21,592
n

J
j

8,612
**

-C XJ -Cj
#

a

37.000

253,344
50,431
23,360
1,684
37., 291
*
3 2 2 ,8 0 2




40.000

361,192

78,854

31,592

361,192

U £ J T !
- . M
5' F U N ] D
Deposits
through
Total
Total
transfers
with­
deposits
from Bank drawal s

2,000
8,000
13,500

6.000
5,160
8.000

2.000
500
5.000
10,000

Total
: Total
Debits : Credits
10 1 , 109 : 127,883
387 , 281 : 362,761
154,2|50: 126,287
93,36 3 : 115,990
148,150: 148,968
35,938:
28,983
141,583: 170,218
98,311:
96,646
2 1 , 940:
19,494
65,365:
6o,024
29 , 415 :
28,331
47,518:
38.638
1,324,223:1,324,223

A

✓

34,500

9.000
9.000

2,446
5,34l
1,084
8,880

59,325

5.000

20,800

6,955

43.000

12,423

2.000
2.000
3.000
2.000

24,520
27,963

31,032

23
5.000

10.000
10.000

Net
Debits

1,665

77

it

X-160S
CONFIDENTIAL
Settlements from June 27 to
July 3, 1919, both inclusive

12,000

797
_ 13,000

i m _______
46.000
3.000

100,000
62,889
100*000
30.000

1,700
66

J

& £ it V Hi
.
Withdrawals
Gold
Gold
for trans­
with­ deposits fers to
drawal s
Bank

J?

Federal
Ke serve
Agent at

Gold

FEDERAL RESERVE BOARD
S E T T L E M E N T
F U N D

500
11.000
54,160

3.000
10.000
10.000
5.000
2.000
2.000
3.000
2.000
2.000
500
5.000
44,500

2,000
8,000
1^ 50 0
6,000
5,160
8,000

Balance at
close of
business

July 3 ,
1919
45.000

90.000
60,889
95.000
41,500
41.000
255,504

56,431

500
11.000

20,800
21,360
1,684
103,294

5M 6

832,462

o

Net
Cr6d.it s

_

Balance in
fund at
close o f
business
Julv J 3 1919
3.
....

26,774

28,326

22,627

153,304
45,772
48,459

818

10,863
15,790

28,635

105,031
24,867
34,020
40,073
5,225
*> 823
2

78,854

564,553

Summary of changes in ownership
of gold by banks through trans­
fers and settlements
Decrease

2,044
96,670
3,550
-

—
—
—
4,50?
-

106,771

Increase

—

24,627
3,818
6,045
17,645
10,335
9,522
3,659
31.120

106,771

STATEMENT FOE THE PRESS.

Released for publication Sunday morning
July 6, 1919» not earlier.

F e d e r a l R e se rv e B o a r d
J u l y 5»

1919

CONDITION OF FEDERAL RESERVE BANKS.
F r i d a y * J u l y 4 , b e i n g a N a t i o n a l h o l i d a y , tho F e d e r a l R o se r v o B a n k statement
i s s u e d as at close of b u s i n e s s on T h u rs d a y J u l y 3 *
Tho state m e n t i n d i c a t e s
i n c r e a s e d b o r r o w in g s by member barks a n d la rgo i s s u e s of F e d e r a l Rosorvo n o t e s ,

Was

a c c o m p a n ie d by f u r t h e r
G o ld r e s e r v e s
m illio n s

sin ce

show a d e c l in e

Juno 6 ,

An in c r e a s e
d i s c o u n t s went u p
t o t a l in c r e a s e o f

of

1 8 .5 m il l io n s fo r

the F r i d a y p r e c e d i n g the

g o l d em bargo.

5 9 * 2 m i l l i o n s i s shown f o r w ar p a p e r on h a n d , w h il e o th er
1 7 * 8 m i l l i o n s an d a c c e p t a n c e s - 2 6 . 1 m i l l i o n s . A s a g a i n s t a
103 . 1 m i l l i c n s i n b i l l h o l d i n g s tho b a n k s r e p o r t l i q u i d a t i o n
o f T r e a s u r y c e r t i f i c a t e s , t h e i r t o t a l e a r n i n g a s s e t s tn u s
of o ver 99 m i l l i o n s *
co m pared w i t h t h i s l a r g e in c r e a s e i n

in v e s t m e n t s i n t e r b a n k b o r r o w in g s u n d e r w e n t

amount of war p a p e r h e l d u n d e r d i s c o u n t f o r
a r e d u c t i o n from

the w e e k a n d o f 7 2 * 9

re m o va l of the

of

of about 4 m i l l i o n s
sho w ing a n i n c r e a s e
total

g o l d w it h d r a w a l s *

12 2 .6

p u r c h a s e d from o th e r

Government d e p o s i t s

lie &id a tio n ,

other F e d e r a l Reserve banks

to a bo u t 88 m i l l i o n s ,

F e d era l Reserve

su bstantial

w h ile

the h o l d i n g s

tho

sho w ing

of a c c e p t a n c e s

b a n k s d e c l i n e d over 3 m i l l i o n s .

in c r e a s e d 6 2 . 7 m il l io n s ,

25 .U

m i l l i o n s , w h i l e the " f l o a t " c a r r i e d by
m illio n s.
O th e r d e p o s i t s , i n c l u d i n g f o r e i g n

reserve

d e p o sits d e c lin ed

the R e s e r v e b a n k s w e n t u p 29
govern m ent c r o d i t s | show a n in c r e a s e

o f o v e r 13 m i l l i o n s w i t h the r e s u l t t h a t n e t d e p o s i t s w o rk o u t 2 1*3 m i l l i o n s '
l a r g e r t h a n the w ook b e f o r e *
F e d e r a l i s servo n o t e s i n c i r c u l a t i o n e x c e e d ,
by
53 *2 m illio n s

the p r e v i o u s w e e k 's

a c c o u n t i n g f o r m o st
io n s.

of

The b a n k s ’ r e s e r v e

ratio

F o l l o w i n g tho paym ent of
to i n c r e a s e

th e ir

net p r o fit s ,




New Y o r k ,

w h ile

shows a

total

d o c l in e

tho r e g u l a r

su rp lus by 3 1 * 6

or 3 * 5 m i l l i o n s ,

now to n o a r l y

to tal,

the i n c r e a s e ,

from 5 2 . 1

C h ic a g o a n d San F r a n c is c o

re ta in in g

and loss account.

100 p e r c e n t of t h e i r p a id - in c a p i t a l .

d e c l i n e d 20»9 m i l l ­

to 5 0 * 8 p e r

sem i- an nu al d i v i d e n d

m illio n s be sid e s

in p r o fit

Boston,

cash reserves

cent.

the b a n k s wore

ab le

10 p e r c e n t of t h e i r

T h eir

s u r p l u s am ounts

Released for p u b lic a tio n Sunday morning July 6, I 9 I 9 ; not earlier
St J i/O a
STATEMENT OF COMBINED BE SOURCES J M LIA BILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JULY. 3 , 1919*
R E S O U R C E S
juty
3^ 1919
June 27.. 1910
.
.
^1- %—
Gold coin and c e r tific a te s
$282,0113,000
~
$ 3 1 4 ,1 3 5 ,0 0 0
$ 4 2 1 , 32.7 ,C00
Geld Settlement Fund - F*R*Board
564 ,2 9 0 *0 00
5 9 7 ,0 4 6 ,0 0 0
'
5 2 4 /5 0 3 ,0 0 0
Gold with foreign ancncies
JL
—
•
•
lb > ?£ , QUO
?Total gold ho Id by banks
~ g47,233,GOO
’*qil7lSl ,0 00
;
962 , 502 , COO
Gold vvifn Federal pcserve Agents
1 ,1 5 5 ,2 7 2 ,0 0 0
l ',113 ,324 .000
9 6 2 ,0 7 3 ,0 0 0
Gold Re
ion Fuad
’ 1 2 6 ,4 3 5 *0 0 0
’ 122 *779", COO
__ 3 4 , 5 33 >000
Total goid reserves
2 ,1 2 3 ,0 4 6 ,0 0 0
*"
2 ,147 ,7o4 ,000
1 ,9 5 9 ,1 1 0 , 000
Leg-J. tender notes, silver, e t c .
66 ,^ 0 7 ,0 0 0
6 o ,4 7 2 , 000
5 6 ,055 ,000
Total ro ser ve s
2^95^353^000
2 ,2 1 6 7 2 5 ? ,000
2 ,0 1 5 .1 6 3 ,000
B i l l s discounted { cured by Gov»t.war obligations
1 , 632 , 639 ,000
1 ,5 7 3 ,^ 3 ,0 0 0
563 ,^ 96,000
(A .1 - other
-2 6 2 .3 2 9 000
244,557- 000
5 1 3 ,2 2 6 ,0 0 0
B i l l s bought in open market
330 ' o ? V 000
304 , 55 S ‘ 000
2 1 1 . 9^ 7,000
Total b i l l s on hand
~
2 ,2 2 5 ,7 0 7 ,0 0 0
J
*
2 ,1 2 2 ,5 9 3 ,0 0 0
1 ,2 3 5 ,7 2 9 ,0 0 0
U ' S* Govorunout, bonds
’ 27^130*000
2 7 ,1 3 0 .0 0 0
4§,
749 ,000
U* S- Victory Nctes
’
3 7 7 ]COO
3 3 5 loOO
U» S- C ertificates of indebtedness
200 c 6 S 000
204,1 0.4,000
* 1 7 ,3 5 0 ,0 0 0
A l l other earning assets
’
__
'
26,000
Total earning assets
.
2 ,4 5 3 ,2 * 2 ,0 0 0
2 ,3 5 4 ,1 6 7 ,0 0 0
1 ,3 4 8 ,8 5 4 ,6 0 0
Bank premises
*
3.1,624 ’OOO
1 1 ,2 5 7 ,0 0 0
Uncollected items and other deductions from gross deposits
742 , 527 ,oco
606 ’ 063 , coo
6 6 3 , 257,000
Redemption fund against F*E* bank notes
9 ! 956 ,°oo
9 , 714,000
725,000
A l l other resources
1 0 ,3 0 6 .0 0 0
1 0 ,5 5 1 ,0 0 0
1 0 ,l o 3 ,0 C 0
TOTAL RESOURCES
5 423 lOT^OCO
5 , 23o ,0 0 2 ,0 0 0
5 ,0l*4, l 6 2 ,000
L I A B I L I T I E S
Capi tal paid-in
2 2 ,2 1 1 ,0 0 0
32 ,764 ,000
7 6 , 1 6 3 ,000
surplus
2 1 , 027,000
4 9 , 466,000
1 , 134,000
Government deposits
1 3 6 ,3 2 2 ,0 0 0
7 3 ,6 l 4 ,0 0 0
1 2 2 ,3 9 2 ,0 0 0
Due to members - Reserve account
1 ,6 3 7 .6 0 3 ,0 0 0
1 ,7 1 3 ,0 3 0 ,0 0 0
1 , 369 , 637,000
Deferred a v a il a b il it y items
5 6 1 ^ 96^000
5 3 4 ,4 2 0 ,0 0 0
5 2 7 ,5 8 0 ,0 0 0
Other deposits, including foreign government credits
l2 2 ,b Q 2 ,0 0 0
1 1 5 ,6 3 3 ,0 0 0
1 1 7 ,5 0 9 ,0 0 0
Total grocs dope sits
L "a #
~*
~ 2 , 5lU , 530,000
2 - 3 6 , 757,000
,5
2 ,1 4 3 ,1 3 5 ,0 0 0
F* R- notes in actual c irc u la tio n
2 ,5 5 2 ,3 4 2 ,0 0 0
2 ,4 5 9 ,1 3 0 ,0 0 0
1 ,7 9 1 ,5 5 9 ,0 0 0
F* R- bank notes in circulation - net lia b ility
'1 3 1 ,5 7 0 ,0 0 0
1 7 7 ,1 2 5 ,0 0 0
1 0 , 035 ,000
A l l other l i a b i l i t i e s
___ l O . 762 .OOC
4 2 . 650 .000
2 1 .4 7 7 ,0 0 0
TOTAL LIA BILITIES
5 ,^ 2 3 ,1 0 2 ,0 0 0
5 ,2SS ,002 ,000
4 ,0 4 4 ,1 6 2 ,0 0 0
Rat 5-0 of total rosorvas to not deposit and F* R* noto
l i a b il i t i e s combined
50.2 $
5 2 .1 ^
6 l -7
Ratio of gold reserves to R .R * notes in circulatio n
_
_
* Include;-, ono-jsar
after setting a.side 35% against net deposit liabi li fcias
0I .7 $
Treasury n o te s.
64.2. f0
2 0 .6 %



Released for publication Sunday morning July 6,

V7

I 313; not oarlior.

st.4S.Cb

WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BASKS AT CLOSE OF BUSINESS JULY 3 ,

1919 ■

R E S O U R C E S
(in

th ou sand s

of

d o l l a r s .)

Now Y o r k

p h i la *

c lo v e 1*

G o ld c o i n a n d c e r t i f i c a t e s ----

Boston
3 ,s o 4

18 7,4 13

2 ,1 8 7

7 ,9 7 8

2 3 ,4 6 0

2 2 ,3 2 6

1 5 3 , 3 OU

306
4 5 ,7 7 2

2 7,2 0 9

G o l d S e t t le m e n t F u n d - F * R * B o a r d

4 8 .4 5 8

1 0 .8 6 3

1 5 ,7 9 0

1 0 4 ,7 1 1

3 4 0 ,7 1 7

4 6 ,0 7 8

7 5 ,6 6 7

13 ,0 5 0

2 9 0 ,7 3 9
2 4 ,6 3 9

7 3 ,3 4 5 12 6 ,2 2 5
8 ,0 6 9
672

c o l d h o l d b y b a n k s ----

3 2 ,1 3 0

G o l d w i t h F o d o r a l He serv e Ag- nts

Total

5 6 ,5 5 6

G o l d Redemption- F u n d --------Toto,l g o l d r e s e r v e s *
--------

10 5 ,^ 2 8

1 6 ,7 4 2

etc*

6 ,5 2 5

6 5 6 ,0 9 5
5 0 .0 9 5

T o t a l r e s e r v e s -------------

1 1 1 ,9 5 3

.7 0 6 ,1 9 0

L e g a l tender n o t e s ,
B ills

silv e r ,

Richn-

A t l a n t a C h ic a g o

2 0 2 ,5 6 4

6 6 ,5 2 7

248

443

1 2 7 ,7 4 0

799
2 0 3 ,3 6 3

6 6 ,9 7 0

7 7 ,2 2 2 4 2 2 ,7 5 5

9 6 ,2 3 3

6 8 ,1 9 4 2 0 8 ,4 1 2
1 4 .1 6 5 3 0 ,1 9 9
4 5; 802
6 ,5 8 9
8 8 , 5 4 s 2 8 4 ,4 1 3
4 ,4 7 7
37 6

4 2 ,6 3 4

d isc o u n ted :
( a ) ---- -------

A l l o t h e r --------- -------B i l l s bought i n open m arket
(b )
Total b il l s

on h a n d --------

of in d eb te d n e ss

3 ,2 6 3

2 8 2 ,9 4 3
5 6 4 ,2 9 0

4-0, i4 o
2 4 ,o 45

12 ,6 6 9

6 3 /9 9 5
1 1 7 ,9 9 0

8 4 7 ,2 3 3
1 ,1 5 5 ,2 7 8

8 2 ,8 2 2

1 7 ,2 7 5
8 1 ,4 6 0

3 ,6 8 9
3 2 ,3 3 4

92
8 2 ,9 1 4

32 0
8 1 ,7 8 0

3 4 , 2 7 1 1 8 3 , 9 6 2 2 ,, 1 9 5 , 3 5 3

3 5 ,1 4 4
4 ,8 19

3 6 ,12 6

3 6 ,0 3 1
4 ,3 9 0

1 5 ,9 7 6

1 ,9 3 7

12 6 ,4 3 5
1 ,6 7 9
1 3 3 , 6 b4 2 , 1 2 8 , 9 4 6
6 6 ,4 0 7
298

*
l l + 3 ,5 9 l
9 ,5 7 6
1 9 , 2U0

6 74 ,4 4 9

170 ,75 3

6 5 ,6 7 4
1 1 3 , 0^7

1 7 ,8 5 2

1 7 2 ,^ 0 7

8 5 3 ,1 7 0

539

1,3 0 1

29

50

U-S* Governm ent b o n d s --- - * - U , S- V i c t o r y n o t e s
--------U *S *c e r tific a te s

4 ,5 1 6
9 2 ,9 7 0

^otal

1 1 ,1 7 2
5 2 . 823

n 4

4 0 ,0 2 6

6 0 ,0 0 7

San Fran-

7 ,3 3 9
5 ,3 3 0

8 ,3 8 1

3 ,5 8 0

1 2 7 ,4 9 2

^ 3 ,6 7 7
9 ,8 0 0

.
M i n n . K a n s . (jr« D a l l a s

2 4 ,5 6 7
3 4 .0 2 0
2 8 ,4 4 7 ' 4 2 ,4 o i

2 3 ,7 6 8 1 2 8 , 1 7 1
4 7 160 2 6 3 ,5 2 7
4 ,7 6 2
3 0 ,2 0 2
7 5 ,6 9 0 4 2 1 ,9 0 0
1,5 3 2
855

S e c u r e d b y G o v e rn m e n t war
o b lig a tio n s

S t - L o u is

16 ,9 16
12 9 ,8 9 1

711
1 8 9 ,3 1 6

105 M

2

8 ,5 5 4
* 0 ,3 16
±

72 j

b i

15.0 6 0
-7
1 r !i
i 9 J.

1 5 4 , 3 0 2 “ 9T
>,
1 ,0 8 3
1 ,3 8 5
1 ,2 3 ^
l

7

-

11 ,1 5 9
8 ,5 0 5
6 2 ,2 9 8

4 8 ,6 9 8

3 1 , 20 s
2 2 , 947

4 3 ,9 5 5

1 3 ,6 8 6
6 7 ,3 18

1 , 6 3 2 ,6 3 9
2 6 2 ,3 8 9

2 1 ,2 5 4

S

895

6 1,2 1 7

8 4 ,3 3 2

1 2 4 ,7 5 9

2 , 2 2 5 ,7 0 7

lib

2 ,6 3 3

2 7 ,1 3 0

290

8 ,8 6 7
-

5 5 ,0 5 0
3 ,9 6 6
-

-

1,15 3
—

3 3 0 ,6 7 9

377

1 7 , 06s

6 ,9 1 4

6 ,8 9 6

5 ,9 0 0

8 0 ,5 1 9

6 8 ,5 3 7

1 0 0 ,5 9 5
4oi

6 4 ,9 1 6

222

4oo

n ,6 s 4

1 9 1 ,6 17

6 9 ,5 3 6

6 1 ,7 3 6

5 9 ,8 9 9

3 2 ,9 7 6

8 2 ,6 s 6

5 4 ,2 3 9

1 1 ,S 4 4

5 6 ,8 9 4

2 3 ,0 9 5

2 S , 114

7 4 2 ,5 2 7

84 6

1 ,8 5 4

859
1 ,0 0 3

508

314

730

436

408

9 ,9 5 6

598

586

1,6 2 6
1 ,3 4 4

S0 2

2 ,6 3 4

1 ,1 2 5
1 ,0 8 4

448

33 0

T o t a l e a r n i n g a s s e t s -------

1 7 , 546
6 , 6 6 0 _10_-.5J1. 2 5 , 6 1 2
2 2 ,8 5 0
5 7 ,3 3 3
9 1 1 , 854- 2 1 3 , 5 5 2 i V 2' S u “' 1 0 ? ,
9 9 . 9 ' ^ 3 1 4 ,5 0 2
4 ,o o 6
500
):-53
2 ,9 3 6
• 87 5
395

552

165

512

766

732

10,306

B a n k p r e m i s e s — — -----------U n c o l l e c t e d it e m s a n d o th e r de­

800

d u c t i o n s from g r ^ s s d e p o s i t s —
5 fo R e d e m p t io n f u n d a g a i n s t
F- E u b a n k ., n o t e s -----------

69 „ S 9 i

t o t a l r e s o u r c e s ---------

691

—

2 0 0 ,0 6 8
1 3 3 , 1 9 0 2 , 4 5 3 , 282
5 ,7 9 8

3 7 3 , 7 1 1 1 , 8 1 8 ,1 5 5 i+
13,537 UUo,767 2 3 1,19 9 2 11,6 5 6 825 , 8^9 233,036 16 3 , 77 ^ 2^ 0 ,9 1 2 123,70 6 3U6.S06 5 , 42 3,10 8
M E M O E l i f l A

(a) includes b i l l s discounted
for other
banks, v i z ; —
(b)

includes b an k e rsr acceptances
bought frcrn other F-R*Banks F ith their endorsem ent ----------without their endorsement-




~

-

-

-

5,062
-

-

-

-

62,983

-

—

—

—

_

—

—

-

-

-

-

-

-

2 5 , 000

-

-

-

-

-

—

—

2 4 ,3 0 7

87,983

5 ,0 6 2
2 4 ,3 0 7

St .47 Oc
Re leased for publication Sunday morning July 6,

19x9 ;

not earlier’ .

TTEE3JLY STATHffilTT OF EE SOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAHKS AT CLOSE OF BUSINESS JULY 3 ,

1919-

thousands of dollars.)

(In

L I A B I L I T I E S

Boston

New Y o rk p h i la-

2 1 , 470

6 ,8 7 7
5 , 2cS

Capital p a id - in -----------

3 2 ,9 2 2

i 4 , 658

C le v e 1 .

7 ,6 5 1
5 ,3 1 1
5 ,3 15

9 ,2 5 2

5,360

Richrn* A t l a n t a C h ic a g o

4 ,2 0 5
3 ,8 0 0

32, 502
5,3-23
1 3 ,9 8 2
Government deposits --------OR >r,on
^ -—
/• *
678 . 669 1 0 2 . 1 6 5 1 2 6 , 7 4 1
p 2 , 181
Due to mombJi s - Reserve account
5 0 ,3 4 5
l'4l'409
4 7 , 82b
4 3 ,5 3 7
6 5 ,5 4 7
Deferred availability items --l,4oo
693
1 ,8 4 8
10 8 ,6 3 9
" 877
All other deposits ------- Total gross d e p o s it s ------ l E i , ^23 . 9 6 1 , 2 1 9 1 7 4 ,8 7 5 1 9 1 , 1 9 7 1067628

35,90 1
3 ,7 2 .3

21,672
71s

16 ,19 9
692

6,329
537

Dallas San Fran-

Total

82, ell
3 ,2 3 9
776
3 ,0 .
3,866
3,
1 1 ,4 ^ 3
3 >247
8 1 ,057
2 ,0 2 9
4 ,5 7 3
2 , 3 21
3, 957
3 ,7 i o
2 ,5 8 9
2 , 805
136.328
2 , 9^0
12,859
2'fh
8 ,7 8 1
7,
2 ,505 ,6 0 0
2 3 ,9 2 8
30.620 l s687 , 60S
SO. 26 8 42,807
4 7 , oc4 257,327
53 ;0 1 5 55,13
13 : 6,20 5b 1 , upO
36 , 9 :"‘b 1 6 ^ 6 4
6 1,6 6 3
3 :7 6 .
3 7 ,6 8 9
25,327
128.638
2^6
!?, om7
OKk
1 . 010
_ 2 ,3 1
5,4 3 7 _____ _333_
“b27i57_T 2 l )l'T6^ 2 ,
'
' 1O 530
7 £, X 5 3 4 8 , 3 5 5 1 0 6 ,4 1 8 6 9 , 7 1
<h

762,925 203,310 217,567 109 , 6U0 117,320 429,248 ic 4 s350

p . R. notes in actual circulation 1 8 2 ,6 3 1
p.R*bank notes in circulation net l i a b i l i t y ----- ---- 16,796
All other l i a b i l i t i e s ----77s

>
cy<

St .L o u i s I,linn-

9,786
312

25,382
1.10 1

15,433

380

82,203

6 ,134
327

4 7 , 90s 201,212 2 , 552 , 3^8

$ 4 ,o 4 4
12,773
877

7,826

7 ,3 3 9
753

557-

1 8 1 ,5 7 0

10 . IOc
—7

/

123,706 3 4 6 ,8 0 0 5 > 2 3,108

TOTAL L I A B I L I T I E S --------- 3 7 3 ,7 1 1 1 , 818,155 4 13,5 37 440,767 231,193 211,656 825,349 233,036 163 , 77 ^ 2 4 0 ,9 1 2
M E M 0 R A N D A
C o n t in g e n t

lia b ility

as endorser

on -

D i sooiante-d p a p e r r e d i s c o u n t e d

w itn other > R. b a n k s ---:•«
Barters? * a c c e p t a n c e s

87,983

7,000

45,000

3 5 ,9 8 3

s o ld to

other F-R* b a n k s ---------

5 ,062

5 ,0 6 2
FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION
8 4 ,3 7 7
3S , 3 7 x

841,196 2 16,35 2 2 3 1 , 1 1 2 1 1 3 . 1*63 12 2 ,3 3 1 455,222 117 ,4 0 1
78 ,231 13 , 0-42 1 3 ,5 4 5
3,823
5 ,0 1 1
25.974 13 ,0 5 1
7o2, 915 2 0 3 ,3 1 0 2 1 7 ,5 6 7 1 0 9 ,6 4 0 11 7 ,3 2 0 4 2 9 ,2 4 8 1 0 4 ,3 5 0

F . R . n o t e s o u t s t a n d i n g --------1 8 8 ,3 2 3
^
F» Al. — t e s h e l d by b a n k ------R* n o
5 ,6 9 2
F'R *no tos in actual circ u la tio n 182753 1

__n

.

2 ,17 4

5,927

82,20 3

9 4 ,0 4 4

4 7 ,9 0 8 2 0 1 ,2 1 c 2*, 5 5 2 ,5 4 3

DISTRIBUTION OF BILLS AND U . S . CERTIFICATES OF INDEBTEDNESS BY MATURITIES,
W ith in
B ills

d i s c o u n t e d ---------- ----

B i l l s bought i n

op en m a r k e t ----

U- S* c e r t i f i c a t e s




of

in d e b t e d n e s s

1 5 days
1 ,5 6 8 ,5 1 0

86,021
18,896

16

to 3 0

days

108,566
6 9 ,0 7 1
13

3 1 to 60 d a y s
1 1 7 ,9 7 8
10 9,9 7 6

6,212

_

49 , 5 , 1 221,574 2 , ? 4 0 , S g
1 , 663— 20 ,.)6_ _ _ _ i p , ; 5^
2

6 l to 90 days
7 1 ,5 7 9
6 5 ,6 1 1
2 2 ,2 3 4

Over 90

days

Total

2 8 ,3 9 5

1 , 895,028

1 5 2 ,7 1 3

330,679
200, 06s

Released for publication Sunday morning July 6.^ 19IS; not earlier.
St-U70d
STATEMENT OE FEDERAL RESERVE AGENTST ACCOUNTS AT CLOSE OF BUSINESS JULY 3 ,

1919-

(in thousands of dollars-)
Boston

N 3w York
-

p h ila . c le v e l.

FEDERAL RESERVE NOTE'S:

Riclia. A tlan ta Chicago st-B0^ e
■

M inn. Kans.Cy- D allas gan Fran,

Total

Received frcrn Comptroller
3 2 2 ,0 3 0 1 ,o 0 S ,63 0 3 9 6 ,9 3 0 362,300 2 2 5 ,6 2 0 236,500 6 3 3 ,2 0 0 2 0 3 ,3 2 0 ,1 3 4 ,330 167,70 0 104 ,360 2 9 1 ,5 3 0 4 , 6 3 o J 0 0
Returned .0 C cm p tro l^r
- 1 1 7 ,557
6 5 6 ,634 153,64-3 1 0 0,20 3 3 4 ,5 3 9 5 4 ,4 2 0 1 5 2 ,0 5 3 69.4-99" 3 5 ,1 ^ 3 5 4 ,2 79 5 4 ,2 3 4 64,go6 1 , 5 5 2 ^ 7 5
Chargoaole to F- R . Ag^nt — 2 0 4 ,2 2 3
9 51 ,9 96 2 3 S ,3 3 2 2 6 2 ,0 9 2 l 4 l ,031 1 3 2 ,0 3 0 4 S l ,l 4 2 1 3 3 ,3 2 1 ::9 9 ,2 3 7 1137+21
70,076 226,774- 3 ,1 0 4 ,2 2 5
in hanas of p . R . Agont

1 5 ,9 0 0

1 6 ,4 2 0

l 4 ,g 6 0

1 3 ,4 5 0

20,505

s 4 i ,i c 6 216,352 2 3 1,112 11 3 ,4 6 3 122,331 4 5 5 ,2 2 2 H 7 , 4 o i

54,377

9 5,9 71

*+ ,5 71 2 2 1 ,5 7 4 2 , 740,393
9

110,300

2 1 ,9 8 0

3 0 ,9 3 0

2 7 , 56s

5 9 ,7 4 9

2 5 ,9 2 0

3 6 3 ,332

5 ,2 0 0

issu ed to F*R* bank loss amount
returned to F-R-Ag^nt for
redemption

1 3 3 ,32 3

COLLATERAL SECURITY FOR
OUTSTANDING NOTES:
Gold coin and c e r t ific a t e s on

~~

~~~

Gold ro a c t i o n f u n d -------XX,556
12, >*56 u f t t O 5 2,177
Gola Swttion^nt Fund - E-R.Board
4.5,000
90 000 6 0 ,S S 9 9 5 ,0 0 0 4l,5C O
e l ig i b l e paper, mimxman r»quxrr,d 1 3 1 ,7 6 7 ___ 5 5 0,^57 1 ^ 3 ,0 0 7 1 0 ^ ,3 3 7
69,756

V M >
* ,022
4 1 ,0 0 0 2 55 ,50 5
7 5 ,1 7 1 19 1,6 9 5

3 , > 76
>
56,431

* 1 ' %

2,635

“ j S

'

I1 , 696
*

‘

%

M

5 7 ,3 9 4

2 0 ,3 0 0
4 3 ,3 4 6

2 1 ,3 6 0 '
7 5 , 9'26

33,595 103,534 1 , 5 5 5 ,615

133,323

Total

I ,6 s 4 l 0 3 ,2 g 4

'

3 3 2 ,4 6 3

341,196 2 1 6 , 3 5 2 2 3 1 , 112 ' 1 13 ,463 122,331 455,222 117 ,4 0 1

54,377

99,971

4 9 ,5 71 221,574 2 , 740,393

1 7 2 ,4 0 7

35 3 ,1 7 0 152,333 1 5 2 ,1 3 6

5 9 ,0 3 6

3 4 ,3 3 2

55,050 103 ,397 2 1 ^0 to?

AMOUNT OF ELIGIBLE PAPER
DELIVERED TO F . R. AGENT-




*

9 1,257

7 9 ,335

,3^7

62,293

T

1

T

s
£TATH,3EJT FOR T!£ PRESS

F e d e r a l R eserve Board

R e le a se d f o r p u b lic a t io n
Monday ro o m in g , July 7, 1519 >
not earlier*

July 5,

1$19

Further liquidation of Treasury certificates and war paper accompanied by
reductions in

Government

and other demand deposits are indicated in the Federal

■Reserve Board's weekly statement of condition on June 27 of 771 member banks in
leading cities.
As the result of redemption before maturity of Treasury certificates the
holdings of this so securities

snow a decline of 12*+ millions for all reporting

banks and of S 3 . 7 trillions for member banks in Federal Reserve bank cities.
Decreases of 10.U millions in U .S . bonds other than circulation bonds, and of
13

,9 millions

m

largely

. ,

.

Victory notes ropresent emoun*,s sold

to customers on

the partial payment plan, while the decrease of 3 1 »^ millions in war paper goes
hand in hand with the r \ ueiujj tion of certificates mentioned.
j
Other loans and discounts went ufi Ul«2 millions, a la.rger increase under
this head being shorn for the Hew York City member banks.
of UvSi war securities and war paper declined from
and constitute
banks,

2 '2
3

3>50o

ASe^cgate holdings
bo 3 ,3

26

millions

per cent of the total loans and investments of all reporting

as against 2U,2

per cent the week before,

For the Mew

York City banks

a decline in this ratio from 27*2 to' 25*7 P^r cent may be noted.
Government deposits show a decline of

U-0,0

millions,

City banks report a gain under this head of 1 2 .2 iai llions.

though the New

York

Other demand deposits

(net) fe ll off 3 5 . S millions, while time deposits increased 20<8 m3llions.
serve balances with the Federal Reserve banks went up 5'L O m illions,
'
l

Re­

the New York

City banks alone reporting an increase in this item of 3^*5 m illions, while cash
in vault shows a decline of about 7 m illions.




Rolcasoa for publication Monday morning July 7,

1.

gt.471a

1319; not oar l ia r .

STATEMENT SHOTTING PRINCIPAL RESOURCE © D LIABILITY ITEL1S 0? 1IEMBER BANKS III LEADING CITIES, INCLUDING- I.TIMBER BANKS LOCATED
IN FEDERAL RESERVE BANK CITIES AND IN FEDERAL RESERVE BRANCH CITIES, AS AT CLOSE OF BUSINESS JUNE 27, 1919-

Data, for a ll reporting bank

in each district.
Boston Now York phi la*

(In thousands of dollars.)
C jU; v _ i .
•

U5

109
No* reporting banks -------56
i 4 , 4os
4 9,0 12 11 ,597
U*S-bonds to secure circulation
Other u*S-bonds including
Liberty bonds -----------15 ,9 6 5
293,905 3 6 ,1 7 5
162,736 1 7 ,6 7 7
U * S - Vi etc ry no te s --------10,855
291,52s 5 9 ,6 16
42,510
U« S*certificates of indebtedness
8 3 ,73 s
8 0 3 ,1 2 1 1 2 5 ,0 6 5
Total U-S* securities ------70,116
Leans secured by u*S*bonds, etc#
75 7,373 1 7 6 ,9 6 2
..................
All other loans and investments. S 26,64s 4, 311, sUg 649 ,120
Reserve balances with F*R- bank
74,7 (1
681,743 63,113
cash in v a u l t ------------—
23,256 117,225 i s ,4 i i
Not demand d e p o s it s -------711,762 4 ,3 2 6 ,2 7 0 635,929
119,728
283,025 20,627
Time d e p o s i t s -------------

.

Government d3p o s i t s ---------

6 0 ,9 9 2

4 0 7 ,9 2 4

4 g ,g l g




2 2 2 .041
3 9 0 . 04 1

3 7 7 ,8 0 1

25-7

39,’339

Dallas San FrSJl
44

Total

53

771

14 ,117

18,723

34,600

2 69,165

5 2 ,2 3 1
5 6 ,7 2 1
17 0 ,3 9 1
224,^52 144,4S0\ 109 , 0 3 2 9 9 , 5 4 3

1 5 , 19 s
1 5 ,8 2 7

9 ,9 3 5
5 ,5 7 6

2 l , 4s 4

15,997 34,475

34 ,9 2 5
8 3 ,16 6

22,979
4 5 ,2 7 6

6 2 ,7 5 9
4 5 ,4 6 0
7 4 , SIS

111,13 3

1, 019,530

101

22

47

25,590

15, 515

4 1 ,1 5 1
14 ,13 1
63,60s

36

29,117
15,030
49,376

43^233)29,968

105,113

31.056 16,826 13,059
66,009
308,689 246,881 1, 231,825
296,419 81,550 115,872
443,361

780,088
7,1, ,6 0 8
-4 ^

3 2 ,'220

6 4 ,o 4 2

7 1 ,1 6 4

19 -6

20-1

2 1 , 729 . 1 , , 712
8

. 9 5 .3 0 5

75

35

27,-170

3 S 5 ,5 5 7 /3 l2 ,3 0 4 y i,4 5 9 ,9 9 4 3 9 0,14 4
86,453 32,9 40 29,127
165,949 32,630

212,591 162,49s 167,642

2 1 -2

Minn- Kans-Cy-

StLouis

6 , 286

F- R* b aric----------

109 ,859

C h ic a g o

17 ,156

Data for banks in federal Reserve Bank cities, Federal Eeserv
New York
_ /^^Snlcagi
June Z '( - —June
27-June 20
72
44
44
No. reporting b a n k s ---U«S- bonds to secure ^
3 9 ,3 1 5
39,282
1 ,3 6 9 ^ 1 ,3 7 0
c ir c u l a t io n --------Other U-S* bonds ine lading
260,863
265,322 23 , 070 * 22 , 8g4
Liberty bonds -----147,442
14 8 ,6 16 22 , 495 . 30 ,7 9 7
U S« Victory notes ---2 5 5 ,2 4 7
309,322 8 9 ,1 2 3 ' 94,672
U* S*cert*of indebtedness7 0 2,873
Total U- S' s e c u r it ie s --*
Loans secured by u* S
7 1 1 ,7 3 7
bonds, e t c * --------A ll other loans and in­
vestments ---------He se rve balance s wi th
1 0 6 ,7 0 1

A tlan ta

20, 140

So
4 1 ,4 2 1

tlx

Cash in v a u l t --------Net demand d e p o s it s ---Time deposits - -----—
Government d e p o s its - —
Ratio of U~S* war securities
and war paper to total loans
a n I investments, per cent

Ricixn.

4 ,3 0 8

31,799

39,376

628,392
374,212

53,827

916,739

60 , 490X 13 2 ,8 4 4 2 , 18$, 108

7 7 ,2 2 9

209,455

9,942

21,462

1 0 ,4 2 9

16,470

7 , 239

25,208

4 f649. , 1 1 ,i+ M ____4 ,7 2 1

. B r a n c h cities, a n d other rep o r t in j^ t j a nks<
’ .R .b a n k cities F-R-branch ci
otilBaii£ii;o rtin ii
— June 2u
J u n e 27- — June 2 u
June 27— —
j u n ^ 27 -— June 20
261

261

1 0 3 ,9 5 8

10 3 ,9 2 6

3 6 7 ,4 3 1
2 3 2 ,9 7 8

163

22,621 l , 4o 6 , s 4o

464,666 182,547 i 4 l ,2 8 S 1 0,7 53 ,1 0 1
24,253
51,082 21,024 54,177 1, 323,267
10,637 8,787 15,766 10,063 19,273
351,574
225,774 230,192 408,303 17I J 21 447,552 10,285,586
9 7 ,6 3 2 56,393 75,367 29,521 137,399 1 , 756,894
ST4 57

78 2 t6 l l

Total
Juno 27 - — Juno

2u

163

347

34 7

771

771

5 7 ,4o4

5 7 ,3 1 0

1 0 7 ,8 0 3

10 7,3 0 4

2 6 9 ,16 5

2 6 s,540

3 7 4 ,7 3 8

10 9 ,2 7 8

1 1 0 ,7 1 4

15 1 ,6 2 3

638,781

7 9 ,5 4 7

6 2 ,2 8 7

3 7 4 ,8 1 2

3 8 8 ,7 3 8

5 1 5 ,7 8 9
, 2 2 0 ,15 6

2 2 3 ,7 1 7
4 6 9 ,9 4 6

8 2 ,9 4 3
2 4 2 ,0 2 6

15 3 ,3 2 9
6 6 , 26s

6 2 8 ,3 9 2

2 3 9 ,5 2 7
6 0 4 ,4 7 1
1 ,3 2 2 ,6 6 2

17 7,2 3 3
4 9 9 ,0 0 6

5 1 5 , 06s

9 16 ,7 3 9
2 , 18 9 ,10 8

1,040,664

4 9 8 ,9 9 3

,1 1 2 ,5 7 9

1 , 14 1,0 9 0

1 3 5 ,7 5 9

1 3 7 ,4 6 9

15 8 ,5 0 2

1 5 9 ,6 4 5

l ,4 o 6 ,s 4 o

, 207,773 7,170,027

1 ,6 5 4 ,5 4 s

1 , 6 5 3 ,12 7

1 , 8 9 0 ,7 2 0 1 , 8 8 8 , 6 4 5

1 0 ,7 5 3 ,1 0 1

1 8 8 ,1 6 7

0 0 2 ,3 4 0
14 3 ,0 5 8
1 6 5 ,2 5 3
9 5 7 ,0 2 9
15 5 ,0 6 9
162,902 1,323,267
206, £60
20s, 6 1 4
5 7 ,5 1 8
5 2 ,9 9 2
9 0 ,9 76
37,196
3 5 1 ,5 7 4
3 6 3 , 108 7 , 360,942 1,305, 220 1, 320,900 1 , 6 1 6 , 6 5 8 1, 639,563 10, 225, 586
720,522
704,253
5£0,251
511,630 1 , 7 5 6 , 2 9 4
522,893
5 1 3 ,4 7 9
610,544
631,904
112 ,3 2 8
6 0 ,0 5 5
1 3 1 ,2 7 7
5 3 ,7 3 9
7 8 2 ,6 11
24-3

2 4 .5

24.3

25-3

2 1.6

2 2 .1

ol

0

1 , 26s, 989
3 5 8,58 8

823,236
2 4 .2

*.' C O N F I D E

PERCENTAGE OF GOLD m LAWFUL MONEY EE SERVES AGAINST NET DEPOSITS,
PERCENTAGE OF GOLD RESERVES AGAINST FEDERAL RESERVE NOTES IN ACTUAL CIRCULATION AND OF
TOTAL RESERVES AGAINST COMBINED FEDERAL RESERVE NOTE AND NET DEPOSIT L IA BILITIES
OF ALL -5SI3EHAL KESiffiVE BANKS*
Ju ly 3,

II T I A L

Not for publication

Ratio of gold reservos
Ratio of gold and
to F*R. notos in
lawful money roservos
actual circulation
to not deposits
Juno 27-*--July 3
June 27— 'July 3

Ratio of total reserves to
net deposit and F~ R* note
liabilities Combined
June 27“ — July 3

St- 474

1919*

Ratio of gold rusorvos to F-R- notos in
actual circulation after sotting asido
35$ against ndt deposit liabilities.
Juno 2 7 ------- July 3

Boston -

43*2

42.2

40.5

4o . i

4 1.5

Now York

64.7

50.8

4 3.0

4 i „3

54-3

p hi lade Ip hi a

*U,5

44.0

40.0

4q . o

4o 5

41.4

43.4

44.7

Cleveland

55-3

59*1

54.2

58,3

54.6

58.6

65.8

7 2.6

Riclmond

55*7

28.8

3 7 .1

48.8

42-8

42*8

46.3

46.1

Atlanta

46.2

56.0

4 i.6

44.3

42.9

47.5

45.9

52.3

Chicago

49.5

4s . 5

6 S .5

68.4

6 1.7

60-8

76*6

76.8

S * Loui 3
'v ■

53*1

60.8

56.4

6l*2

55*2

6 1.5

6b .3

74.7

I'inneapolis

65 . s

73 0

49*2

49.2

55-5

.5 9 * 2 .

68.0

76.2

Kansas City

44.3

59*0

CJ
\
*

43.9

44*2

50.3

50.8

6 1.4

Pallas

4i . o

37 ^

4i . o

4i . o

4i . o

39*4

4 6.1

43.0

San Francisco

42.6

64-3

58.4

59*5

55*9

6i . l

61.4

74.0

56 . 0 '

5 l <6

49.5

50.2

52 .1

50. s

64.2

6 1.7

To tal

PIVISION OF REPORTS AND STATISTICS
FEDERAL RESERVE BOARD
July 9, ISIS*




40.8
46.1

45.3

43.8

75*2

57 3

C 0 N F I D M H A .

L

s t ’ ^75

Net for publication.
REDISCOUNTS M D SALES OF DISCOUNTED M D PURCHASED PAPER BETWEEN
FEDERAL RESERVE BANKS-DURING CALENDAR YEAR 1913.

Chronological Tablo - Juno 1919‘
Discounted or
purchased by •Date
F* R. Bank of

Cleveland
Chicago
Minneapolis
Cleveland
Sb. Loui s
Minneapolis
Chicago
St. Louis
Chicago
Minneapolis
San Francisco
Chicago
Cleveland
Chicago
San Francisco
Chicago
n
Cleveland
Chicago
Minneapolis
Cleveland
Chicago
St. Louis
Minneapolis
Chicago
Cleveland
Chi cago
Minneapolis
Chicago
Cleveland
Chicago
San Francisco
Cleveland
Chicago
Cleve land
St. Louis
Minnoapolio
San Francisco
Chicago
Minneapolis
Chicago
Minneapolis
Now York
Chicago

1
1
1
1
Minneapolis

REDISCOUNTED OR SOLD EY FEDERAL RESERVE BANK OF
BOSTON * NEW YORK PHILADELPHIA RICHMOND
pur, Bill': ' pur.Bills Disc.Bills Disc. Bills
*

•June
• 2
« 2
» 2
• 3
« 3
1 3
1 1
+
« 4
« 5
» 5
* 6
* 7
» 9
» 9
» 9
t 10
t 11
» 12
» 12
» 12
» 13
• 13
» 13
» 13
« l4

1 16
» 16
• 16
• .18
t 19
» 19
t 19
t 20
« 20
» 23
» 23
l 23
» 23
. 2U
* 25
» 26
t 26
* 27
» 27
« 2S
1 30
» 30

Total

• •
0 0 4
* t ♦
• * *
• ♦9
4 • •
# # «
» 1 <
l 4 0
« « 9
* * t
% 4 4
t 1 1
• * «
t * *
» 1 «
♦ i ♦
« • *
• • «
fit
* * ♦
4 9
• f •
4 4 4
4 •
* ♦t
• • «
* » *
• * »
• ( <
* t •
4 4 4
• * *
4 4 4
• f ♦
♦♦♦
t » *
t 1 •
t » •
* * *
5,051, 566
» • »
4 * *
* $ *
*

4
0
4
f
4
♦
#
#
♦
«

4 4
4 4
9 4
4 4
( *
» »
* *
* *
♦*
» »




1

5,3.20,057
« 9 • •
» •f « #
♦ « « ♦
3,318,585
• « « •
4 « • •
9 4 0 9
4 4 9*
9 4 4 4
9 4 4 4
% « * *
» * • •
9 4 4 4
« • ♦*
6 4 4 4
9 4 4 9
9 9 9
4 4 9
9 1 9 9
9

6

5 , oil, U7 2
* * 9 4
9 9 9 9
1 • ♦♦
4*44
4 * * *
5,028,319
♦# * *
4 0*1

4449
4994
4
4
4
4
4

4 4 9
4 4*
4*4
4 0 4
4 * ♦

5 , 000,000
• • « i
* • 4 •
# ♦• *
5 ,000, ooo
4 * • «
5 . 000.000
7 . 000.000
• * » ♦
* 4 4 %
4 0 4 4
1 * • *
f « ♦•
f * • *
• • • *
8, 000,000
4 4 4 4
* • « *
5 , 000,000
* t 4 9
4 9*4
9 4 4 4
8, 000,000
4 , 000,000
8 ,000,000
5, 000,000
5 , 000,000
e ♦• •
5 , 000,000
5, 000,000
d ♦# f
* 4 4 4
10, 000,000
5 , 000,000
*44*
10, 000,000
4*4 4
4 4 4 4
10, 00U,coo
0 * • •
10, 000,000
i * • *
* « * *
5, 000,000
5, 000,000
10, 000,000
0 4 4 9

.

5 , 000,000

4

9499

13 000 000
4 000 000

10, 000,000
5 , 000,000
* * * *

5 , 000,000
• 1 * •
4 4 4 4
10 , 000,000
5 , 000,000
4*94
4 4 4 t
5, 000,000
5, 000,000
* 4 4 4
4*90
4 4 0 4
5 ,000,000
I » • 4
10 ,000,000
5 , 000,000
• 4 4 *
4 4 * 4
5 , 000,000

•
•
4

•
•
«

5 000 000
4
4
4
«
4
4
4
4

2 500 000
4
9
•

•
•
4

\
.
4 000 000

2 500 000
1
•
500 000
2
»
•

0
«

4999

3 500 000
4
1
•
4
4 000 000
•
*
7 000 000
•
t
♦ 4
*
•

5, 000,000

6 000 000

4 4 4 9
4 0 9 4
4 9 4 4
10, 000,000
« * * .
1
15 , 000,000
• 4 4 4
4 4 4 0
5 , 000,000
10, 000,000
5, 000,000
4 4 » t
5 , 000,000
< 111
5 , 000,000
5 , 000,000

4
*
4
*
2 775 coo
I
»
t
•
♦
•
•
•
I
•
•
I
*
4
•
4
»
1
4
3 000 000
♦
*
•
1

4449

4 4 4 4

10, 000,000
5, 000,000
4 4 4 9

5 , 061, 56$ 12,503,43,3 140,000,000 155, 000,000

DIVISION 0? REPORTS M D STATISTICS
FEDERAL RESERVE BOARD

July 9, 1919*

«
4
9
»
♦
»
*
«
»

DALLAS
Disc. Bills

59,775,000

'

Not for p u b lic a tio n .

Boston
New York
Ph ilad e lp h ia

___________
’ BOSTON * NEW
« YORK

1

C-^lcago

1

St- Louis

<£5,000

I

-

1
-

-

|

cs 1,000

*

I

c3 0,000
°U f 000

I

D a llas
San Francisco

*

1

Since Jan* 1
To tal
pu r .y B i l l s
D i s . B ills

»

X

-

• a i s , 50s

c3 5 ,o o o f

1
. r ■«.

1

t
c 50 , 000*
^

+
* O0 f3 SS >121,973 1 17,017
1 Uo,3^3 *121,973
1 civy
^ 17,017

JULY 9,

191S

t • - :

f
J

I
t

c70 , 000»
t

1

-

—
-

t
I

1

_

T

t

1
1

1

1

}

r
t
f
T

Ti

t

155 , OOQt

-

;

^
_

T

1

-

t ;

I
?
T
I

t

_

J
—
.j

*

t

1
1
1

—

?

-

? v1
?
;
_ •, - •' w
1
';

U3 5 , 000*36,^90 *

t‘ _

t

i 5,000 *36,190 *
+3

t
f

. r
- t

1
1
1
1

-

t

5,062

*

t
r

5 5 ,1 5 6

? 15 , 15 6 ‘

Y

1

1

|

|

I
1

-.
i

- •
‘ -

1

\
1

1

*—

%
1

f
c5 5 ,7 7 5

~- • * 106,775 7 0 1 ,3 3 3
*

| 2 5 ,1 3 6 ’ 676 , 6 9 7 .

1
5, 0 71*

• *' - ;

* 30,000

•%,000

> 7 6 , 000' 273,295 * 19 , 2S 2 ’ 2 5 ^ ,0 1 3

55’, 0 71 J

1

t

50,000

1

1

15,070 * 10 , Q 7 0 1
3*
1
•
1 • ~
«
1
- 4
«
;
f
1
-jm * IS , :50o’ 67,.tei+. < ..al-^Zkr
m
, •
I
r
r
• - ? 137 s , 3^5'
-

-

m
* -m
!
I : ~ "■

^ 0,000
!

* 60,000 2U6,2U0 » 20 , 223 * 2 2 6 ,0 1 7

-

T
-

t
t - - ;
I

1

-

t

i~ - ;

1 - 1
\• -

1

I

-

; *

t
-

'

1

-

1■ 1
1

^ 76•

SINCE "JANUARY 1, 1919
TOTAL ' * PUR. ‘ DISCTD.
. SILLS ’ B IL L S ... ’

SAN * MONTH
m iti. t
t

I

I
_ ■?

1

I

_

t
*
t
I
t
1
t

for

S4*

t

_

t

T
l

5,062 » 1S,508*1UO,GOG

J

-

t

I P - 1 SION OF KCPORTS AND STATISTICS, FEDERAL RESERVE BOARD



1
t
1

-

—

1

1 cm
1
1
-

1
_
1 1
t
1 ' - ~
f

\

f

1

1
1

DALLAS

J

t

—

t

-

t

t

1

Total

I

1

V

1

1

1

I

?

Ilinnoapolis

1

-

!

1

1

I

*ATLANTA7CIIICAGO 1 "st*
?
r
rlo u is f
r
!
1
I
1
« —
•.
I

-

1

A tlanta

1

{

» ?5 , o 62
-

Richmond

*
PHILA. CLEVEL1 HI C M *

-

1

Cleveland

Kansas City

....................................

REDISCOUNTS AND SALES OF DISCOUNTED AND PURCHASED PAPER BETWEEN FEDERAL RESERVE BANKS
DURING THE CALENDAR YEAR 1919Monthly Sunmary - May 1919*
-— .----- i -'
Rsdiscounted or sold by Federal Re serve Bank of
1 TOTAL

C O N F I D E N T I A L .

Discounted or
purchased by
IP* R * Bank of

-

•-m
5 9 ,7 7 5

1
^•6 1 30,000 3 1 3 ,^ 7 5
M r
t 30,000 >13 ,“
+75

•
_

_

_ _ _____:
_£

_:
-

»

*

1

l,;i+i4,cS3'

162,3 & T

1

!

-

'. ?

•

•

• ’l,- ’, 727
251

(a) Acceptances ptirchasod in open marko
(c) Manbor banks* collatcra.1 notes sac- ed T#- Gov’ t- war obligations.
ur-

:

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