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St* ^96 STATEMENT FOR THE PRESS, Released for p ublicatio n Sunday morning, July 20, 19 19 ; not earlier* Federal Reserve Board July , CONDITION OF FEDERAL RESERVE BANKS * Liquidation of over 100 mil lions of war paper, acconipanied by substantial re ductions in net deposits and Federal Reserve note circulation is indicated by the Federal Reserve Board1 s weekly bank statement, issued as at close of business on July IS, 19 19 , As against a decline of 105*2 m illions in the holdings of war paper and of 3 millions in other discounts the banks report an increase of 12*3 m illions in ac ceptances and of 3 *9 m illions in Treasury ce rtific ate s * assets show a decrease from 2 , 529*9 to 2 ,H 37 «8 m illio n s. As a result, total earning Discounts on hand at the Chicago, St* Louis and Minneapolis banks are inclusive of 9^*8 millions of b ills held under rediscount for other Federal Reserve banks, as against S6<9 millions re ported the week be fo re , while acceptances held by the New York and San Francisco banks include U2>g m illions (as against 23*7 m illions) of acceptances purchased from other Federal Reserve banks* Government deposits declined lU*l m illions, members1 reserve deposits - 13-5 m illions, while the "f l o a t li carried by the Reserve banks went up 55*7 m illio n s • Other deposits, including foreign government c re d its, show an increase of 10 m illio n s}whxle net deposits work out 72*9 m illions less than the week before* Federal Reserve notes in circulation decreased 3&*1 m illions, a ll Reserve banks, except those at Atlanta, St* Louis and Kansas C ity , reporting substantial reduc tions in the volume of outstanding Federal Reserve note circulatio n* Gold reserves are shown, slightly larger than the week b efo re, gold deposits by the Treasury being more than sufficient port , Cash reserves declined 2»7 m illions* to offset the gold withdrawals for ex Largely as the result of the consid erable decreases in deposit and note l i a b i l i t i e s the reserve ratio of the banks shows a f i s e from U9 .S to 5O .9 per cent. Eeleased for publication. Sunday morning July 20, 1919 ; not e a r lie r . S t . 496 a 'STATEMENT 0? Ca.IBINED RESPURCES AND LIABILITIES 0? TIE TV7ELVE FE ERAL RESERVE BANKS AT CLOSE OF BUSINESS July 18, 1919 RESOURCES July 11. 1919 July 19. 19.18 jluly. - 2 8 , 1919 Gold coin and certificates $ 273 . 210.000 $ & 7 9 ,5 4 5 ,ooo $ 4 2 8 ,8 5 3 ,0 0 0 Gold settlement fund - F . R . Board 5 5 ^ ,8 1 2 ,0 0 0 5 5 6 ,1 5 4 ,0 0 0 591. 130.000 Gold w ith foreign agencies - • 1 5 .4 9 6 .0 0 0 Total gold h e ld ty banks 265 , 000,000 834-, 3 57^000 1 , 000 , 503,000 Gold w ith Federal Reserve Agents ; •,134,173,000 1 . 163 . 068.000 9 4 0 , 290,000 Gold Redemption Fund 112. 927.000 1 1 4 .3 9 9 .000 3 ^ .6 5 5 .0 0 0 Total gold reserves $2 j 112 , 100,000 $ 2 ,1 1 1 ,8 2 4 ,0 0 0 1 , 975 , ^ 8.000 Legal tender notes, s ilv e r, etc 65 . 381,000 • 68.3 8 7 .0 0 0 5 5 .6 4 7 .0 0 0 Total reserves 2 , 177, 4-81,000 „ , , 2 ,1 8 0 ,2 1 1 ,0 0 0 2 , 0 3 1 , 0 9 5 ,000 B i l l s discounted (Secured by G o v 't , war obligations : , 579, 728,000 1,684-, 946,000 b o i, 403,000 (A ll other §48,347,000 2 5 1 . 367.000 60 1 , 943,000 B i l l s bought in open market 3 6 0 .0 3 5 .0 0 0 ... 2 0 5 .9 3 2 ,0 0 0 ■■372,353,000 Total b ills on hand 2 .2 9 6 .3 4 8 .0 0 0 1 ,4 0 9 ,2 7 8 ,0 0 0 2 , 200 , 428,000 U . S . Government bonds 27 . 131.000 4 0 , 259,000 27 , 084,000 U . S . Victory notes 374,000 363,000 U . S . Certificates of indebtedness 206 , 054,000 * 1 6 , 358,000 209 , 941,000 A l l other earning assets _________-_____________ 98,000 ■ JEotal earning assets 2 .5 2 9 .3 0 7 .0 0 0 1 ,4 6 5 ,9 9 3 ,0 0 0 ‘fe, 437,816, coo lan k premises 1 1 1 , 699,000 11. 737.000 Uncollected items and othor deductions from gross deposits 7^ 0 , 994,000 658 , 588,000 857 , 19^,000 Redemption fund against F . R , bank notes 10 . 052.000 751,0 0 0 10 . 077.000 A l l other resources 1 0 .3 3 4 .0 0 0 9 .6 9 5 .0 0 0 10 . a o o , 000 TOTAL RESOURCES 5 . 483 . 197.000 4 , 16 6 , 122,000 L I A B I L I T I E S C apital paid-in 82. 958.000 82. 851.000 76 , 383,000 Surplus 8 1 . 087.000 1 ,1 3 4 ,0 0 0 81 087,000 Government deposits 1 3 7 , 030,000 * * , 1 5 1 , 1 7 0 ’ 000 1 4 4 ,8 2 8 ,0 0 0 Due to members - Reserve account ‘ ,7 i2,796, cqo 1 . 726 . 329.000 1 , 4 8 8 ,0 4 7 ,0 0 0 Deferred a v a ila b ility items 6 5 1 . 735.000 * * 5 9 - 1 , GOO 4 8 0 ,3 4 1 ,0 0 0 Other deposits, including foreign government credits 1 1 4 .6 7 8 .000 1 1 2 .0 5 2 .0 0 0 1 2 5 . 069.000 Total gfoss deposits 2 , 626 , 630,©00 2 , 583, ^ 7,000 2 , 225, 268,000 F . R . notes in actual circ ula tio n 2 , 512 , 048,000 2 , 535 , 127 , 0 0 0 1 , 829, 045,060 F . R . bank notes in circulatio n - net lia b ilit y 186 911,000 1$*, 806,000 1 1 , 000,000 A l l other l i a b i l i t i e s 1 2 .8 9 9 .0 0 0 2 3 .2 9 2 .0 0 0 l U . 711.0 0 0 TOTAL L IA BILITIES 5 .4 8 3 .1 9 7 .0 0 0 4 ,1 6 6 ,1 2 2 ,0 0 0 5 , 504 , 1+05,000 Ratio of total reserves to net deposit and R . note * Includes one year §9*? $ 59’ 8 % 50.9 l i a b il i t i e s combined Treasury notes# Ratio of gold reserves to F . R . notes in circulation 62.0 i 16 Jknended figures 60*5 % 81*1 $ after setting aside 35 f° against net deposit l i a b i l i t i e s , , i Released for publication Sunday morning July 20, 1919 ; not earlier. St. 4g6 b WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE F E D E R A L RESERVE BANKS AT CLOSEOF BUSINESS JULY IS, 1919 . R E S O U R C E S (in thousands of d o lla r s .) Rhila* Clevel- Richm. Atlanta Chicago St. LouisMinn. Kans.Cy. Dallas San Fran. Total Gold com and certificates--295. 172,868. 516 . 32,239 - 2,116 . 7,906 . 23,359 .3 ,4 6 3 .' 8,357- J-54. 8,043 10,491+ 273,210 Go Id Se t 1 iement Fund - F .R .Board 4 ^ 3 2 _ 128^212— £ lJ3iP. 4 4 ,2 5 9 2 8 .9 6 7 17 r6l3 1 4 4 .0 9 1 £ 1 .9 1 2 ^ 1 .2 1 9 3 5 .Y i5 5 .8 2 1 27^154 5 9 1 .1 9 0 301,100 62,426 7b’ 498 31^083 25,519 lb 7,^+50 25,375 40^576 35 , U69 13,864 3 7 ’ bUS 865,000 Total gold held by banks--- ^7/992 Gold with Federal Reserve Agents 61,288 288,358 74,594 120,438 32,268 1+9,579 262,906 62 ,788 3^ , 39I+ 3 1 , 46l 16,683 99,4l6 1,134,173 Gold Redemption Fund ------- 12,622_____2^,716 7,4q4 1.011 5. 554 4. 772 32.643 4.23 8 5 . 823 9.646 2.443 1.965 112.927 b 14,174 l44,5l4 197,947 68,905 79,270 462 ,999 92,-Uoi 8^ 793 76,576 32,990 139,029 2 ,112, J.00 Total gold reserves-------121,9Q1 Legal tender notes, silver, etc. . 6,531 48.500 24j 910 5 0 3 ___ 1.356 975 3 ,8 22 87 229 1,883 344 65,381 Total reserves---------- 128,433 662,674 l44 , 755 198,857 69,408 81,22b 463,974- 96,223 80,880 76,805 34,873 139,373 2,177,481 B i l l s discounted: Secured by Government war obligations 130,820 (a) 667,80^165,0^5- 100,469 " All other ------------6,910 Bills bought in open market (b) . 23,445 Total bills on h a n d ------- 161,175 U .S . Government bonds------539 U«S.Victory N o te s ---------Ig Uncollected items and other de- ductions from gross deposits - 77,329 F .R . bank n o t e s ---------All other resources-------- _ g46 373 5 7> Redemption fund against total resources 390,9^9 46,63 6 3 2,087 38,066 1,579,728 11,907 29,228 11,602 6.885 53.524 87,872 266,179 376 4,476 8.823 67,061 4,261 44,958 22,038 11,344 23.280 2 594 1GJ 118 59,628 83,730 53,463 150,528 U6 8,867 3,966 2,632 288 - 248,347 372.353 2,200,428 27,084 1,15 3 - 6 * 3 , 792 ' 1 8, 5 75____1,-360____ lfl-479.. 26, 6.1 2 - 1 7 ,0 6 8 880, 2 46 2 10 , 5 0 9 18 5 , 43 710 7,13 6 3,999 500 875 4l6 214,095 ' 77,302 2,038 2.817 69,080 183,427 38,770 30,831 , 61,775 19,557 9,661 15,106 91.563 759 . 55,649 6.711 821,140 185,331165,779 92,542 1,257 1,3$> 1,085 1,234 50 1 - U . S . C ertificates of indebtedness 2 1^436--- £L7,-779 Total earning a s s e t s ------ I 83, 16 S Barik promises-----------800 76,725 1,175 783 68,449 98,733 297, 267" 459 2,936 66,4lO 89? 973 43,023 99,319 448 520 645________ 412 1,482 1.432 1,765,849 435,024 455,488 244,463 6 ,9 5 5 ; 7 ,^ 4 5 5 ,9 0 0 85,282 , 631 66,987 - 39,942 63,329 159,800 , Uoi 260 400 54^10 IS, 277 6S,94l 28,829 4 o ,810 £03 482 2g4 186 436 564 730 477 224,373 866, 4io237,891 • 166,624 363 6 ,6 4 0 209,-941 2 ,4 37 ,81 6 11,737 857,194 I*og 956 10,077 101100 247,296 128,291 341,747 5 , 504,405 . ME MO RA ND A (a) Includes Mills discounted for other F.R. banks, viH — - - (b) Includes bankers * acceptances bought from other F.R banks With their endorsement 2,539 Without their endorsement - - - - _ - _ - 64,845 - 5,000 . - 25,000 --- . - .• - _ _ - - 40,233 94,845 2,539 *+0,233 R e le a s e d f o r p u b lic a t io n Sunday ^ m i n g J u ly 20, 1919; not e a r l i e r . I'vFJ-.Al/f STATB'L'lTV OF RESOURCES iiJD LIA BILITIES OF THE FEDERAL RESERVE BA2CIS AT CLOSE OF BUSINESS JULY IS, 19 19 . (In thousands of d o lla rs.) gt j+0gc ’ J L I A B I L I T I E S Capital p a i d - i n ----------Surplus -----------------Governnerit d e p o s i t s ------Due to mai-.bers-Et.serre accctait Deferred a v a il a b il it y items — Other d ep osits,including f o r eign Go v erruneait c re dits--Total gross d e p o s i t s --- Boston Hew York 6 6,877 ,SfJ 2 1,4 75 21,4 75 32 2? 3 ,9 2 ,292 7 , 20*+ 708,263 160,31+2 5 ,2 0 6 l ia b il it ie s 55 ,3, 11 31i 6,346 102 , SOS 78,576 Richm. 9,255 *+,227 *+,227 3 ,3 00 3 ,soo 5,s6o 5 , 1+23 53,753 58,233 Atlanta 3 ,2 43 3,243 2,805 2 ,8 0 ‘S I 3 . 6U3 9,712 1 0 6 ,6 3 5 *+l+,877 5^,803 30 , 38*+ Chicago St *Loui s Minn. Kans.Cy. Dallas ! 3,907 59 3,2*+2 3,016 3 ,7 3 ,2*+2 U , 7S 7 3,907 3,016 3,759 2,589 2 ,3 2 0 3 ,9 5 7 2 ,0 29 *+,578 2,029 2,320 2,529 3,957 *+,300 *+*+,026 6,965 3,755 1+, 601 25*+,938 5 9,95 1 51,599 7 5 /418 ^3 >559 79,682. 16 ,*+23 4 0 ,7 ^ 9 13,41*+ ^3,839 11 ,5 0 0 11,500 9 9,730 , 730 7 ,0 ^6U ,7 3 85 0 ,8 530,7 5 78 ,*+*+3 9 1 7 ,3 3 6 8 ,3 1l+,950 182,133 F .K .n o t s s in actual circulation 1 7 8 ,961 F/R*bank rotes in circulation" net l i a b i l i t y ---------- l 6 ,660 A ll other l i a b i l i t i e s 1,10*+ total P h ila. 7 7,6511 , 65*1 7 ^ :9 8 0 ’ ", 36,1+32 201 ,3 57 2 1 5 , 31+8 327,255 196^174 1 0 6 ,8 7 7 11 3 ,3 1 2 6,720 620 9,765 50b 35G,s'49 1,765,8*^9 *+35,02*+ *155,1+88 2*+l+,*+63 224,373 M E M O - *120,685 10 5 , 6 2 3 8 0 ,75 3 3 4 ,0 2 b ' 1 6 J 74 ,1,013 Contingent l i a b i l i t y as endorser onDiscounted paper rediscounted orith other F<- R* b a n k s -Bankers 1 acceptances sold to other F . R* b a n k s -----2,539 5,022 32,81+5 137,090 2 ,8 2 0 2QEZ&38~ V 22 j523 9I+O *+,721 *+,0u6 22,95s 21,027 26*576 1,897 15,208 553 1+7,112 197,736 2,512,01+8 * 6 ,*+6s bki 13,225 1,0 15 8,109 2L 7 ,3 18 oU 18 6,9 11 1^ .711 s66,*+i0 237,891 166,62*+ 247,236 128,231 3*+l,7*+7 5,50*+,*+05 R A 3 D A 50,000 6,000 9U ,8*4-5 2,539 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION E- K . notes F. K. notes F-R,notes latio n o u t s t a n d in g ----- 1 8 7 ,0 5 5 8,09*+ h e ld by b a n k ---in actual circu --------------- 178,961 832,81*+ 2 1 o ,9 0 l 2 2 9 ,606 89.83*+ l *+,3*+*+.... 13,658 111,03*+ *+,157 123,*+15 4 ,0 9 7 *+54,601 1 2 0 ,3 5 2 3 3 ,9 1 6 l*+,723 83,2*+0 1 0 0 ,0 0 7 2,*+81 5 ,9 2 1 *+3,257 220,620 2,728,302 2 ,l *+5 22 , 88*+ 215,85^ 7*+2, 380 201,357 2 1 5 ,S *+3 1 0 5 ,8 7 7 1 1 3 ,3 1 8 *+20 , 6 8 5 10 5 ,6 2 3 80,759 9 4 ,0 8 6 ,*+7 ,1 1 2 19 7,73 6 2 , 5 12 , 0Us DISTRIBUTION OF BILLS AND U . S. .CERTIFICATES OF INDEBTEDNESS BY MATURITIES. Within 15 days 16 to 30 days 31 to 60 days ol to 30 days Over 30 days Total Bills discounted — --- -----1 ,5 2 8 ,1 0 3 S6,l*+1 132,1+87 5 8 ,5 0 2 2 2 , 8*+2 1 ,8 2 8 ,0 7 5 Bills boujht in open uarlzet -88,278 5 8 ,9 5 7 1 2 3 ,3 8 7 1 0 1 ,1 3 1 3 7 2 ,3 5 3 U» S- certificates of indebtedness. 16,388 92 13 ,9 8 1 28,9366 15 0 , 5*+*+ 209,341 S t.U 93d Released for publication Sunday corning July 20, 1919* not earlier. STATEMENT OF FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS JULY I S 1919 , * (in thousands of d o lla r s .) Boston FEDERAL RESERVE NOTES: Received from C o n t r o l l e r Returned to Comptroller Chargeable to F .R . Agent C le v e l. 3 3 4 ,8 8 0 1 , 6 6 0 , 8 2 0 4 0 8 , 7 8 0 3 6 7 , 6 6 0 688,466 16 6 ,3 9 9 106,994 1 2 4 ,1 2 5 2 In hands of F . R . Agent Issued to F . R« bank less amount returned to F . R . Agent for redemption New York P h i l a . 1 0 2 1 8 5 9 3 , 7 0 0 1 3 9 , 6 0 0 7 , 0 5 8 COLLATERAL SECURITY FOR OUTSTANDING NOTES: 5 ■ Gold coin and c e rtific ate s on hand - ' 7 2 3 2 , 4 4 , 7 5 i , 8 1 4 2 4 2 , 3 8 1 2 5 , 4 8 0 2 1 6 183 7^0 , , 9 0 1 2 6 0 Richm- Atlanta Chicago St .Louis M inn. X a n s .C y . D allas San Fran . 2 2 5 , 6 2 0 8 , 6 6 6 1 3 6 , 6 2 1 3 1 , 0 6 0 2 5 , 5 8 7 1 , 0 3 4 2 2 9 , 6 0 6 1 1 13,125 - 2 * u , 9 0 8 . 9 9 9 5 1 8 1 1 6 3 9 9 484 , 5 8 4 3 0 , 3 6 0 5 , 6 3 , 9 , 4 1 5 4 5 , 7 4 l4,705 12,313 Gold Settlement Fund, F.R.Board 51,000 90,000 59,889 95,000 31,000 44,000 254,544 Total AMOUNT OF ELIGIBLE PAPER DE LIVERED TO F. R. AGENT 187,055 1 6 1 , 1 7 5 78,766 0 1 6 9 , 8 2 9 7 , 6 0 0 1 1 3 1 6 , 4 7 0 1 4 1 3 1 2 0 , 3 2 5 2 8 , 3 6 0 3 , 2 4 0 Q1 3 05 - » , 9 1 0 0 ^ 2 0 1 0 4 , 7 6 0 3 0 6 3 _____ 35fill , 0 5 6 9 , 5 8 2 , 0 5 0 2 0 , 3 2 5 0 4 9 , 2 5 7 5 6 , 8 , 0 7 7 _____ 11, - 2 3 , 2 0 0 4 71 38 ° . 3 1 , 8 2 0 3 1 1 , 2 0 0 , 2 2 0 , 8 1 , 6 2 0 2 1 1 , 3 , 6 7 0 , 1 4 0 0 0 , 6 2 2 , 6 7 8 4 1 1 , 7 7 6 , 7 2 3 , 9 0 2 3*59 - 4,857 2,542 2,101 2,818 12,794 89,745 57,931 1?,S00 29,360 2,6s4 86,622 820,830 5 7 ,^ 4 48,846 68^ 46__ 3g , 5j4_ lg lJ.204_1 8,362 73 , 836, 191,695 8 6 p , l4,6lS , 3 36 ,780 1 3 1 4 1 8 - 10,288 544,456 l 4 2 ,307 109,l 68 0 1 3 , 2 7 2 , 9 6 1 Gold Redemption fund Eligible paper, minimum required 125,767 3,079 2 0 9 , 0 4 0 1 9 2,500 * 1,268 6 5 0 , 6 8 0 0 6 0 1 2 0 7 , 5 Total 832,814 216,901 229,606 111,034 123 ,4l5 454,601 120,352 -53,24(3 100 ,00749,257 220 ,6 2 9 2 , 72,8^:901 8 2 1 , i 4 o 1 4 3 , 2 2 s 1 5 4 , 2 5 0 9 3 , 6 6 3 7 9 > 7 6 2 2 6 6 , 1 3 1 6 0 , 7 4 9 5 7 , 8 3 2 8 3 , 7 3 0 5 3 , 4 6 3 137,594 2 , 1 1 2 , 7 1 7 /* STAlEiSNT FC® TES PISS S. Released for p ublication Monday morning, July 21, not e a r l ie r . Federal Reserve Board 1919; July 19, 19^9* CONDITION OF I.E/IBER BATES. Substantial gains in demand deposits, accompanied Ty further declines in Govern ment deposits are indicated in the Federal Reserve Board’ s weekly statement of con dition on July 1 1 of 770 member banks in leading c it ie s . Cash in vault and reserve balances w ith the Federal Reserve banks likewise show considerable additions for the week. The decline in the number of reporting banks is due altogether to con solidations of member banks in Kansas City and D a lla s. Further liq uid atio n of treasury c e r tific a te s , Liberty bonds and Victory notes 0 is shown, the total holdings of U nited States securities being 3 & *5 m illions less than the week bufore. Loans secured ty United States war obligations, on the other hand, went up l U .6 m illions, member banks in ITew York City reporting an even larger increase. A gain of 2b*5 m illions is shown in other loans and investments* Aggregate holdings of United States war securities and war paper declined from 3 3 5 6 '5 to 3 3 32 .2 m illions and constitute 23 per cent of the total loans and investments of a ll reporting banks, as against 23-1 per cent the week before# For the Kew York City banks a slight increase in this ratio from 26.6 to 2b .8 per cent is noted* An increase of 13^ m illions in net demand deposits, Reserve bank c it ie s , largely outside the Federal is due probably to a large extent to the increase of deposits in the agricultural d is t r ic t s . Government deposits f e l l o f f 85*1 m illions, while of time deposits show a gain of 5-3 m illions and a larger gain outside/Federal Reserve bank and branch c it ie s . Reserve balances with tae Federal Reserve banks increased 65 -9 m illions and cas.: in vault — Uo #6 m illions % Released for publication Monday morning July 21, 1919; not earlier St STATEMENT SHOEING FRI17CIPAL RESOURCE M D LIABILITY ITEMS OF MEMBER BANKS IN LEADING CITIES, 1 ~ Comparative data for all reporting han ks/ __ (In thousands of dollars»)_________________ ______________ Ju ly 1 1 , 1919 Nxuriber of reporting hanks ‘ Ju ly 3 , 1919 A p ril 1 1 , 1919 January 1 0, 1919 770 773 2 6 3 ,61k 269,314 6 2 8 ,13k 6 3 7 ,1 7 0 3 ^ ,9 3 0 3 4 7 ,'918 9 7 7 ,9 2 7 1 ,0 0 1,415 2 ,1 0 9 ,4 4 0 1 , 300,888 2 , 217,305 2 ,2 5 5 ,8 1 7 3 , 025,883 2 ,3 6 2 ,0 6 3 1 ,3 8 4 ,5 2 8 1 , 369 , 94s 1 , 110 ,13 2 1 ,1 6 5 ,4 5 1 1 0 , 900,023 1 0 ,8 7 3 ,6 4 s 1 0 ,2 3 7 ,3 7 7 1 0 , 1 3 1 ,1 4 1 . 1 , 335,020 1 , 269,102 1 , 252,477 1 , 295,723 3 8 3 ,7 7 8 ,343,185 3 5 6 ,1 4 5 4 n ,603 i o ,6 4 5 ,6 4 g 1 0 , 511,628 1 0 , 047,102 1 0 , 066,502 1 ,7 6 3 ,3 9 4 1 ,7 5 8 ,1 0 3 1 , 6 9 8 ,117 1 , 565,326 5 16 ,420 Go* ,4 s i 7 2 3 ,7 7 5 499,022 1 ,1 5 4 ,3 4 1 1 ,1 1 3 , IQ? 1 , 210,425 8 8 0 ,2 8 6 - - 3 5 4 ,3 4 1 3 3 5 ,7 5 > 2 9 3 ,4 2 8 4 4 6 ,7 0 7 Ratio of U*S« war securities and war paper to total loans and investments, per cent 23.0 2 3 .1 26.9 23.9 U. S. Bonds to secure circulation - - - - - - - - - - - - - - Other U . U. S- bonds including Liberty bonds - S. Victory notes - - - - - - - - - - U* S* C e r tific a te s of indebtedness Total U* S% securities Loans secured by U- S. bonds, etc* A l l other loans and Investments Reserve balances w ith Federal Reserve bank -- _ _ _ _ _ _ _ Cash in vault Set demand deposits Time deposits Government deposits B i l l s payable with Federal Reserve Bank B i l l s rediscounted w ith Federal Reserve bank .h s h a . 41 773 769 268,950 263,184 647,493 797,991 - - Released for publication Monday raoming July S i, 1919; not earlier. St.494b STAT0.C3JT SHDWIHG PRINCIPAL RESOURCE AND LIABILITY ITEMS OF I0MBER BANKS IK LEADING CITIES. (In thousands of dollars.) 2. Data for all reporting banks in. each district, as at close of “business Julyll^ 1919»_________________ ' ___________ ^_______ ____________________ _ Boston New York Phila. Cla*«L* Richm. Atlanta Chicago St .Louis Minn. Kans.Cy^ Dallas San Fran. Total Ho- reporting b an k s ------46 110 56 88 82 kj 100 34 3.5 75 *+3 770 U.S.bo^yis to secure circulation l*+,5°7 ^3,900 11,597 25,549 15,855 20,134 17,15 6 6,970 l4,JJ7 lg,723 3^,605 269 , 614Other U. S. bonds including Liberty bonds---- -----16,970 295,843 3 M 0 1 63,185 *U,091 31,902 52,699 12,52*+ 9,55>+ 20,422 17,5 13 32,^30 628,734" 10,123 162,172 17,001 39.905 10,728 15,007 >+3,275 l*+,793 5,018 8 ,6 0 4 1*,231 10,173 3^ 1,030 U. S. Victory notes.------U.S.certificates of indebtedness 39,651 365,773 *+7,122 77,528 58,9*+6 50,^15 188,873 29,890 23,203 27,680 23,600 45,2^6 977,927 Total U. S. securities * --81,251 872,76S 1 1 0 ,3 a 222*039 l i b j l ^ 113!179 30^,981 J k j W w ’ 7^5 70*823 64*067 1 2 £ % 4 2,217*305 Loans secured by U.S.bonds,etc. 73,830 767,582 172,100 109,597 41,867 29,601 104,524 28,304 12,718 l G , 6,901 20,757 1,384,528 All other loans and investmants 822,200 381,592 655,108 1,017,672 396,277 310,713 1,*+69 , 68! 392,39^ 24^,93** 4 7 0 ,49s 179,339 559,675 10,900,083 Reserve balances with F .R . bank 71,136 663,156 68,818 92,719 36,218 31,406 172,^99 % ,8 0 g 25,371 49,703 21,395 58,79© 1,335,020 Cash in vault ------------ 26,106 131,7^9 19,5*+9 33,281 18,279 13,473 72,486 10,258 9,479 16,074 10,582 22,462 383,778 Net denand deposits------- 7*+6,858 4 ,9 1 7 j 6 l 662,088 812,968 332,827 290,631 1 , 296,597 307,599 246,109 4l9,6g2 179,818 472,700 10,645,648 Tiine deposits------------ 110,^33 296,753 2i i87 293,759 83 , 2 8 6 117,6 9 5 439,737 97,092 56,190 7 6 ,:4 i6 30,772 140,074 1 , 763 ,39*+ Government deposits ----* ---------- 37,538 247,663 30 ,*+13 **8,028 20,184- 19,872 72,117 17,*+3*+t 6,519 9,322 6,015 1 ,3 1 5 516,420 B ills payable with F. R. bank— 19,958 560, 9 5 6 15 5 ,3 5 1 85,35*+ 76 , 56? *+*+,24s 97,033 3*+,206, 5,045 33,920 17,236 24,467 1 , 15 ^,3 *1 B i l l s rediscounted with F .R ^ a n k 152 ,583 22,773 14,667 17 ,*+70 8,539 i*+,526 9,373 837 26,832 2,959 5,^56 35*,3*+l 3» CoETparative data for banks in Federal Reserve bank and branch cities and New York No. reporting b a n k s __________________________- * % » - A l l F .R .b a n k c it ie s ____________________ F .R .b ra n c h c it ie s A l l other reporting banks * % > U .S . bonds to secure circulation------39,283 3 9 , 2 82 Other U .S . bonds including Liberty bonds-265,696 264,919 U . S. Victory n o t e s --------- ------l*+3,502 l*+0,370 U. S. certificates of indebtedness -----336,3*+5 335,108 Total U. S . s e c u r i t i e s ------------78i+,826 779,679 Loans secured by U. S. bonds, e t c . -----719,2*+0 703,395 All other loans and investments — ------- 3,967,707 3,951,239 Reserve balances TTith F .R . b a n k -------629,538 590,875 Cash in v a u l t --------------------117,69*+ 106,104 Net demand deposits------ ---- *------ 4 , 569 , 60s 4,494 -,605 Time deposits--------- -----------233,956 233,146 Government deposits----------------242,432 274-,si6 Bills payable with F. R. b a n k --------- 507,293 * 5* ,7 7 * Bills rediscounted with F. R. b an k -----138,089 117,998 Ratio of U*S« war securities and war paper total loans and investments, per cent— 26.8 26.6 all other reporting bank s. Chicago 1,370 1,370 103,985 104,025 57,7*+9 - 5 7 , % 107,880 107,880 23,466 23,960 369 ,33*+ 371,805 112,375 111,392 l*+7,025 153,973 2 4,ll4 26,043 217,884 221,642 68,023 6S,ll4 55,123 58,162 105,962 106,751 610,025 618,359 218,310 224,837 1*9,592 158,219 154,912 158,124 1,301,228 1,315,831 *56 ,*+57 *+6l,752 *+59,620 4-78,234 7b,399 75,351 1 ,117,822 1,100,303 138,39*+ 139,150 128,312 130,*+95 895,200 899,587 7,278,398 7,253,378 1 , 692,916 1 , 689,433 1 , 928,769 1,930,837 118,06l 118,292 995,999 9*+l,^+5 1 6 8 ,806 160,386 170,215 16 7 ,17 1 43,268 38,752 226,750 202,494 61,778 55,832 9 5 ,2 50 84,859 8 6 5 ^ 3 848,534 7,5*+6,583 7,*+89,19* 1 ,403,692 1,375,560 1 , 695,373 i , & 6 ,87$ 166,357 166,570 719,719 722,167 528,266 526,757 5* 5,*09 509,179 50,262 50,854 403,300 464,4i0 72,675 89 , 9*2 40,44-5 4-7,129 55,630 64,310 839,589 787,*+95 172,104 175,846 1*2,6*8 1 * 9 ,7&1 12,215 9,574 270,206 24s,*+?3 29,599 3 0 ,^ 1 ^+,536 56,336 2 0 ,4 20*5 23-9 23.9 23*5 23.7 19*1 19*7 C O N F I D E N T I A L Not for publication. From U .S . X GOLD RECEIPTS AND DISBURSEMENTS OF EACH FEDERAL RESERVE BANK DURING WEEK . . ENDING JUlffi «?, 1919- - ' individuals ,etc J 66 23 3 16 U5 47 3 17 5 5 14 3 13 — U -- ....._ i i U25 26 13 s Total 'General account' 260 1,037 125 banks 1 Total 1,050" 3 10,679 116 19 92 3 831 IS 7 IS 587 690 226 346 2,382 3,588 379 26^ 45 3S9 85 51 69 10 _ 1 To U. S. * * Other banks, * To * Government1 members ' individuals, etc.' — — 192 — — 565 — — 135 — 1,154 • 335 1,309 — — — 21k Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis 5 91 Kansas City 125 Dallas — 52 San Francisco 10 _______ ..... 6.7 ... 3 Total for System 4 7S 5 ____ 3_____ ^___ 15 . Excess receipts hio 195 Excess payments^ . _3_3iL5-____ FEDERAL RESERVE BOARD, DIVISION OF REPORTS AND STATISTICS, JULY 21 , I 919. 1 To tal 192 565 135 1,154 335 1,209 ' U .S. Government — 96 125 52 Member banks 4o 2S J 51 10 — — — 6U 6 21U ' 1 35 — 5 7 — • 117 - - 11,13 9 135 1 , 12 s 358 3 ,25 s U ,012 1+72 - 355 2,427 3,977 1+6U - 17 315 1 25 5,673 Sl6 90 **1 31 173 _ _ i 2 ,? I L _ _ 5,500 _ 14,13<T~ receipts . 1 _3.D0 N. S. 335 10,679 116 1,036 90 _______ 63 ' 358 677 2 26,213 DI S B U R S E M E N T . S . In exchange for F .R . Notes________________________Debits to deposit accounts St .U97 (Figures do not include gold received from or paid to another Federal Reserve B an k .; ____________________(In thousands of d o lla r s .) . ___________________________ ... ................................................ R E C E I P T S In exchange for F.R.N otes ' Credits to deposit accotints * ’ Total ' From 1 Other banks, 1 *U.S» Government' Member ' ' A l l other ' Gov eminent' members — 194 — 102 Boston Ne'«v York Philadelphia Cleveland — Richmond Atlanta Sl4 Chicago St. Louis 2 Minneapolis Kansas City 5 SU Dallas — San Francisco Total for S^st em l_,l400 > r U3 6,552 1,196“ 1 1 ' Total ' 1+0 28,951 10 All 0 ther N. S. 6U5 7b - 150 5 7 — 35^ 5OO 803 - 35 — — 117 5,500 5,500 „ J ? ^ 65_ _ ____ 2 3 A 2 9 . . . 5 j 5I5_ 1+2 ' * Total di s'bur s ement s 30,161 221 1,304 3U0 1,568 1,146 1,052 .96 125 211 1 0 ,917 47,373 .. 8,601 __-12_.3_4 i _______ -Z,JSQ„ ______________-__ _____ 11.053- ____ 8j 45§L__ . . . . L m ________ 1 80 4^03 im a 5,337 7,905 C O N F I D E N T I A L Not for publication _ GOLD RECEIPTS AND DISBURSEMENTS OF FEDERAL RESERVE BANKS DURING THE FOUR WEEKLY PERIODS ENDING ON FRIDAYS, JUNE 6 TO 27, I 919. 1 R E C E I P T S In exchange for F.R. notes: Frcm U. S. Government Fr cm member banks Other banks, individuals, etc. Total Credit to deposit acco'unts: U. S. Government Member banks Total All other N. S. TOTAL RECEIPTS JUNE 1 1 6 JUNE 13 ' JUNE » ' 20 JUNE 27 953 1,762 2,203 35U 4o4 352 242 333 . 569 1 .7 U 2.356 3.705 10,015 M 2? 11 , 242 1 1^ 11 10,000 2.097 12,077 1,912 12,097 12,352 7,613 25,911 St-492 ' TOTAL MAY 30 ’ TOTAL SINCE 1TO JUNE 27. »19 •DEC -27,1912 42,229 9,422 __ 5*.330 .....6 3 .6 4 7 ..... 1,400 425 6,912 1,464 192 1,^13 2,023 _______9,795 14,136 157,250 81x263 26,213 34,152 17,912 52,064 2,224 1,196 29,991 69,504 11,2 2 1 24,626 29A32 91 ,250 372,264 25,305 ) 16,372 ) . 1,929 ) 152,205 43,606 152,205 14,269 26.212 101,027 . 2 3 9 ,H 3 D I S B U R S E M E N T S In exchange for F. R. notes: To U. S. Government To members Other banks, individuals, etc. Total Debits to deposit accounts: U« S. Government Member banks Total All other N. S. TOTAL DISBURSEMENTS Excess receipts Excess payments FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS JULY 21, 1919 7,245 6,573 6,102 2,022 6 11,12 9 44 3 ,1 ^ 1 , S76 9,279 17,206 1 1,1 12 ^,725 15 3 4,803 5,535 29,130 - 53 ■ _1 I 166 71 29,430 27 219 29,501 34,665 5,659 52,213 64,472 1 , 224 1,726 12,156 7,905 23,731 61,462 11,250 19,2 11 52,775 ^7,373 131,209 314,754 14,061 — — 7,930 22 ,149 17,9^1 39,959 : 5? ,510 — C O N F I D E N T I A L Not for publication PERCENTAGE OF GOLD AND LAWFUL I,©NET RESERVES AGAINST NET DEPOSITS, PERCENTAGE OF GOLD RECEIVES AGAINST FEDERAL RESERVE NOTES IN ACTUAL CIRCULATION AND OF TOTAL RESERVES AGAINST COMBINED FEDERAL RESERVE NOTE AND NET DEPOSIT LIABILITIES OF ILL FEDERAL RESERVE BANKS. Ratio of gold and lawful money reserves to net deposits. July 11--July IS Ratio of gold reserves to F*R. notes in actual circulation July 11-- July IS Ratio of total reserves to net deposit and F. R. note liabilities combined July 11— — July IS St .H99 July is , 1919 Ratio of gold reserves to F.R.notes in actual circulation after setting aside 35$ against net deposit liabilities July 11-- July IS Boston 55-1 52'0 Ho . 7 Hi .3 H 6.2 H5.3 53.2 51.3 New York H3-3 H9.0 Hi ,9 H2.1 H2 . 6 - H5.5 5O .9 55 ’ 6 Philadelphia *4-2-9 52.7 Ho ,5 Ho .6 Hi .3 H5.1 HH .6 51.1 Cleveland 60.1 56 *0 59-2 56.2 •59 *6 56 *2 75-7 69*7 Richmond 60.2 56.6 3H .5 35 .H H2 .H H2.7 H5.7 H6.7 Atlanta 62.5 5S.S H3 .H H5.6 Hg.S H9.2 Chicago 5O .3 56. 8 69.1 70,3 62.1 6H .7 7S.2 S5.6 St. Louis 56.I 53-1 63.2 63-5 60.6 59*9 7 5^ 72-9 Minneapolis 72.0 73*5 1+9.3 H9 .S 5S-3 59 *H 73-7 76.2 Kansas City 55 ^ 57 -3 UH .2 H3 .7 Hs.s H9.1 59*0 58 »5 Dallas U3 .0 H1.1 Ho .3 H0.6 H i .7 Ho.6 HS .2 H5.6 __ ______ ^5-2 1+4.5 62.6 51-3 H9.2 .... 67 .O 55-H H9 .0 52*6 50-3 H9.6 50.9 6O .5 6£.o San Francisco TOTAL . FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS JULY 22, 1919 ... .... 57*1. H9 .S ... 5H.H 5H .7 C O N F I D E N T I A L GOLD RECEIPTS AND DISBURSEMENTS OF EACH FEDERAL EE SERVE BANK DURING WEEK ENDING JULY 3 ,, 1919Not for publication (Figures do not include gold received from or paicl’to another Federal Reserve BSQki) St.504 _______________ _________________________.________________ (in thousands of dollars; i . e ., 000 omitted.) 1___________________ ___________________;_________________R E C E I P T S _____________________________________________________________ ____________ in exchange for F.R. notes_____________ 1_____ credits to deposit accounts____ 1 1 1 From u. S. ' From 1 Other banks, 1 tu_ s. Government' Member * » All other 1 Total ' Government 1 members 'individuals,etc-* Total 'General account * banks ' Total • N» S. * receipts — B o sto n 152 139 43 18 .... ... ~ 'is ...... 200 1 New Y o r k 30 51 82 10,000 11,072 315 10,315 675 21 P h ila d e lp h ia 21 112 91 91 — 85 52 C le v e la n d 166 . 166 137 303 — 2 R ic h m o n d 2 44 42 42 1 2 — * i,Uo9 1,421 Atlanta 1,450 29' 29 . 11 i4 Chicago 3 374 374 5 395 — St-Lorns 1U 46 60 373 313 10 57 82 15 28 Minneapolis 28 118 8 — 14 1 49 Kansas city 15 34 34 — Dallas 27 27 27 s 15 2,000 San Francisco 6 2,420 23 391 2,391 Total for system 182 330 1 , 1*67 12, 0lU 1,979 ""I 756 I .... 13,575 16,561 1,007 D I S B U R S E M E N T S r 1 in exchange for F.R. notes 1 f Debits to deposit accounts 1 1 To 1 Other banks, ' ' To U» S. • Member ' U. S. Total • All other ' ' Government 1 members ' individuals,etc-' Total * Government 1 banks « Total ’ di sbur semen t s N. S. ' Boston — 73 94 21 21 73 New York U3 1,762 — 23,684 23,684 1,805 254 25,743 phi lade lphia — 1,077 1,077 129 1,256 129 50 Cleveland — _ — 422 422 422 Richmond 6jUm m . 674 8 8 682 : A t la n t a 1,578 1 24s 1.57S 1 1 ,827 ! Chicago 2U8 — _ ** 2 k 8 248 St. Louis 45 U5 12 688 745 12 • Minneapolis 4 — _ 4 4 _ Kansas City — 4s 4s 48 Dallas 66 — 62 128 4s 150 150 326 San Francisco 2 ..... ........ 200 _________ r _ 5 L _ -256 2r000 3.684 1.428 2 f000 ................. 1..Z... ........ ......... , T o t a l for s y s t e m 64 _____ J L o 5 1 _ _ _ ________ _24i__. 2JJ12 6*35?___ _ _ _______ ______ jk M ______ ________ -35*072_______ — 118 — Excess receipts — — 87 10,002 ~ 4,584 Excess payments 18,518 22,432 12,430 4,379 1,709 FEDERAL RESERVE BOARD, DIVISION OF REPORTS AND STATISTICS JULY 23, 1919 RATIO OF "FLOAT" OF EACH FEDERAL RESERVE BANK TO IMMEDIATELY AVAILABLE DEPOSITSC O N F I D E N T I A L Not for publication Federal Reserve Bank (in thousands of dollars.) i 1 1 1 Deferred ’Uncollected' availability 1 items 1 items 1 r St -501 July IS, 1919* "FLOAT" * "FloatTf after adding net deMt 1 Ratio to ' or deducting net credit in Saturday1s set tl ement 1immediately1 1 Ratio to immediately Amount 1 available T 1 deposits 1 Amount 1 available deposits Per cent Per cent r"Float" after deducting National and F- R. » Bank notes, also net investment in • transfers from second calculation 1 1 Ratio to immediately available deposits 1 Amount 1 Per cent 77,329 54, S09 22,520 17-7 11,743 9.2 11,293 8 .9 211,595 160, 3^2 51,253 6.7 50,399 6.6 50,399 6 .6 Philadelphia 77,302 7S.576 (a) 1,274 11,308 9.6 11,308 9.6 Cleveland 68,449 56,79S 11,651 7*8 10,624 7*1 9,602 6 .4 Richmond 6 6 ,4 io 52,299 .-.8,111 12,7, 9,470 9,346 1 4.6 Atlanta 43,023 30,324 12,639 21.7 10,762 18.4 10,028 17.2 Chicago 99,319 79* 6S2 19,637 6.2 26,866 8.5 23,232 7.3 St. Louis 54, 4io 1+0 ,7^9 13,661 19-9 13,178 19.2 1j0,606 15-4 Minneapolis is , 277 13,4i4 4,863 8 .1 4,074 6 .8 3,147 5*2 Kansas City 6s, 94i 43,839 25,102 28.7 21,996 25.2 13,886 15*9 Dallas 2 8 ,S29 16,423 12,406 24.5 10,825 21.4 6,435 12.7 I S *.420 --— —- 22.350 20.8 21.714 2 0.2 202,959 10.3 202, 959 10.3 Boston New York San Franci sco ______Uo.sio y.» --TOTAL 354, 69U 651,735 FEDERAL RESERVE BOARD DIVISION OF .REPORTS AND STATISTICS JULY 24, 1919. i4 ,8 ; (a) Excess of deferred availability item!. ...... 14*233 . 173,521 13 .2 8 .8 ■ C O N F I D E N T I A L Not for publication COMPOSITION OF UNCOLLECTED ITEMS AND DEFERRED AVAILABILITY ITEMS. (In thousands of dollars.) Bank UNCOLLECTED ITEMS I ! T 1 Chocks 'National Bank' T \ t 1 and ' notes and ' 1Clearing ' other ’ "bank notes o f’ Transfers1 All other r other 1 botight Tuncollected' ' house * cash * 1 items 1Exchanges' items ' F. R. Banks 1 1 f Gold 1 Settlement suspense Total 77,329 18,451 - - 36,358 54,809 - - 181,598 211,595 73,920 - - 86,422 160, j 42 - - 66,610 77,302 34,938 ,t - 1,917 41,721 78,576 6 i ,9S4 6 s ,449 19,204 1,894 35,700 56,798 - 6 3, o 4 s 66,4io 21,44 o - 5,243 31,616 58,299 - 36,313 43,023 4, 856 - 4,274 21,254 30,384 23,95s 6,039 Philadelphia 6 , 2^9 4,443 Cleveland 5,436 7 827 Richmond 2 , SIS 420 124 At lanta 5,770 206 73^ Chicago io,4i6 - Total T 1 ' 1 ' 73.S2S 47 Nov/ York \ DEFERRED AVAILABILITY IT M S t T I \ 1 1 Other 1 Government1 T Transfers transit 1 transit 1 1 sold 1 items 1 items * - U50 3,00*+ Boston July IS, 1919 ! T St-501a 195 6o4 3,290 85,009 99,319 • 33,216 260 1,772 43,834 79,682 150 695 22,855 4o,749 1,391 7,714 13,4 i 4 34,246 ^ 3 ,s39 S t . Louis 2,227 37 397 2,325 49,424 5 4 ,4io 17,049 Minneapolis 1,922 2 45 882 15,426 18,277 4,309 - Kansas City -1,539 256 355 7,755 59,036 68, 941 9,593 - Dallas 2,30S 1,150 471 3,924 20,976 28,829 4,510 5 2,171 9,737 16,423 San Franc i see> 2 ,17^ 29 183 7,294 31,130 40, S10 4,917 2 122 13,379 18,420 67,821 12,636 4 ,190 25,665 744,382 854,694 247,003 417 19,479 384,836 651,735 ’ TOTAL FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS JULY 24, 1919. - Sumnary of transactions for week Federal :Balance : Gold Reserve : last : with- : Gold Bank of : statement : drawals : de : July 17 posits : 1919 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago p. L'*Louis M'-'araeapolis l-Xisas City /.til las £-'sr¥ranci sco Local • : 53,384 : 96,339 : 1*9,001 : 58,913 : 28,515 : 15,93S :152,303 : 16,160 : 35,686 : 3S,576 : 7,153 .28,435 : 580,403 : : : : : * 2,000 : : : : 9 9 : - : 543 : — : — : : : : : 62 .: 7,500 : : 10,123 : FEDERAL RESERVE BOARD S E T T L E M E N T X-1629 CONFIDENTIAL : Settlements from July 18 to :Balance in :July 24, 1919. both inclusive» :fund at ; : close of FUND Aggregate: :Aggregate:: with :deposits &: T R A N S F E R drawals & : transfers : transfers jo from to Agent * 3 : Agent* i3 : Fund • Fund : Debits Credit — 115,000 — : 547 — — : — : 2,551 46,347 — 148 : 148 :18,845 40,000 271 2,000 : 271 : 12,000 7 : 32,000 30,000 7 9 j .2^024 2,024 ; 5,000 9 ; 6l4 5,440 : 6l4 :45,000 34,388 3,034 10,534 : 200 543 : — 25 : ■ 25 :33,546 25,000 10 : 10. : 1,147 1,062 30 30 : 7,993 __ 2.000 7.500 ; 7 , 00o ; 3,000 : 20,663 : 176,282 176,282 8,163 16,563 F E D E R A L ; Balance : Gold : Gold : last : with- : de * statement: drawal 8 rposits July 17, : 1919 s Boston : 4l,000 ; 2,000 ; 10,000 New York j 90,000 ; — * — Philadelphia : 64,889 : 5,000 : — Cleveland : 95 ,ooo : — : Richmond ; 31,000 ; 2, 00O : A tlanta ; 44,000 ; —. * —w Chicago •;&56,544 : 3 • 0.00 : St-Louis ; 65,431 : — : Minneapolis : 18,800 : — ; ***** * Kansas City : 29,360 : — Dallas : 2,684 : 500 : —» SanFrancisco * 86,622 : — 1 Total rI52«v330 -12,500 icfooo federal Reserve Agent at GOLD S : Total : Net :July 24, Net :: Total Debits;i JV®'its : : Credits rCredits: 1919. - I:112,636 :137,547 :24,911 : 63,842 : — :136,412 3,723 ::397,382 :393,659 : 126,682 ; — ; 49,946 20,358 ::147,040 ;ll4»g4i : — : 45,029 -155 ::114,996 590 ;151,485 : 150,895 : — : 25,923 ,1,r* < ! 37,190 : 38,742 : 1,552 : 14,505 27,934 : 188, 35l 1160,367 : — : 108,881 1,982 :: 99,048 : 97,066 ; — : 23,969 -- *: 26,076 : 27,631 : 1,555 ? 28,720 - ;: 66,085 : 70,687 : 4,602 ; 42,o4l -;: 24,094 : 37,817 :13,723 i 11,851 r 44.840 : 8.449 : 33,384 r 36.391 54,792 : 1 ,4oo, 774 : 1 , 400,774:54,792 : 584,503 R E S E R V E A G E N T ’ S FUND Withdrawals: Deposits Total ; Total ^Balance at for trans- ; through with- : de- : close of fers to : transfers drawal s:posits:bus ine ss Bank ;from Bank :July 24, : 1919. ; — 2.000 ; 10 , 000: 49,000 * -* — : 90,000 -5 , OuO : — : 59,829 * . —— — * — :-95,000 * 2,000 ; — : 29,000 : * * - — : 44 .000 3,000 : 5,440:258,984 — : 5,44o .7,500 : — 7,500 : : 57,931 * ~ —— : 18,800 -- — — j : 29,360 ., 000 : 3,184 1,000 500 * 1 — & — : 81,622 5 , 000:4 5,000 6 ,UUo 25 ,OjO : 16 , 440:816,770 12,500 Summary of changes in ownership of gold by banks through trans fer and settlement Decrease 12,155 2,590 3,448 38,596 2,182 6,991 — 65,962 : : : : s : : : : : : : : Increase 10,458 40,073 797 — — 3,455 5,730 5,449 b5,3bZ __________ STATEMENT IDE THE PRESS St 50S Released for publication Sunday morning , July 2 /, 1919: ^ot earlierFederal Reserve Board.* July 2f>, 3.3 -9 . CONDITION OF FECSRAL RESIST BANKS • Moderate increases in earning a.ssets and in net deposits and further withdrawals of gold are indicated by the Federa?. Reserve Beard’ s weekly bank sta/tement issued as at close of business on July 2 5 , 13-9* War paper on hand shows an increase for the ‘week of other discounts— 3 millions. "millions, Acceptances bought in open market went up 3*2 millions, and Treasury certificates— 2.1 millions* War paper on hand at the Chicago, St* Louis and Minneapolis banks is inclusive of £^-9 millions discounted, for other F*R-banksy while acceptance holdings of the Cleveland and San Francisco banks include Us ,6 millions of barJters1 acceptances taken over from other Federal Reserve banks. Government deposits were 21 #1 millions less than the week before* Members1 reserve deposits are shown 5 millions larger, while the nfloatTI carried by the Reserve banks shows a decline of ^>0^1 millions. Other deposits, including foreign government credits, fell off 7*6 millions* Net deposits, accordingly, work out 27 the week before. millions more than The banks* paid-in capital, as the result of payment forFederal Reserve stock by newly admitted members, shews an increase of $359>000, the San Francisco bank alone reporting an increase under this head of $ 19^ , 000 * The week saw a redaction of 7 *5 millions in Federal Reserve note circulation and of 16*9 millions in gold reserves. The banks1 reserve ratio shows a decline for the week from 5^*9 to 5^«2 per cent# Released for publication Sunday morning July 1919; not earlier, St 509a statement of corbeled resources and liabilities or IHE TWELVE FEDERAL RESERVE BAKKS AT CLOSE OF BUSINESS July 25, 1919 . RES OURCES . July 18, 1919 July 25, 1919. July 26,1918 Gold coin and certificates $ 270,601,000 $ 2 73 , 810,000 $ 418,012,000 Gold settlement fund - F« R, Board 591,532,000 591 ,190,000 592.777.000 Gold with foreign agencies 11 .628 .000 Total gold held by banks S62, 133,000 865 ,000,000 1.028.417.000 Gold with. Federal Reserve Agents 910 ,4^0,000 1, 108,051,000 1,13U ,173, coo Gold Redemption Fund 112 , 927,000 12U,.967.000 3 5 .363.000 Total gold reserves $2,095,151,000 $2,112,100,000 1 . 974 .200.000 Legal tender notes, silver, etc. 6*", 872,000 65 .3 s1.000 55 . 129.000 Total reserves 2,1 b l,023 ,000 2,177,481,000 2 . 029. 329.000 1 ,616 ,210,000 Bills discounted (Secured by Gov’ t.war obligations 1,579,728,000 673 .231.000 (All other 251 ,392,000 243 ,347,000 62s ,920,000 Bills bought in open market . 3 7 5 '^ 6 ,000 205 '274.000 -,372-^53 ,00S. 2,2U3,15S,000 Total bills on hand 2.200.428.000 1 .507 .425.000 U- S» Government bends 27,086 ,000 2 7 ,08U,000 4o ,090,000 U* S. Victory notes 2::£,ooo 363,000 . 212 , 01o ,000 U*. S. certificates of indebtedness 209,9^1,000 * 16 , 922,000 All other earning assets 103.000 Total earning assets 2 ^ 6 2 ,5 5 8 ,0 0 0 2.437.816.000 1,564 ,540,000 11.784.000 Bank premises 11.737.000 690^ 95,000 Uncollected items and otner deductions from gross deposits 8 57 , 19^,000 558 . 392.000 10,613 ,000 5f> Redemption fund against F. R. bank notes 10.077.000 701.000 All othe':’ resources 9 ,89s ,000 10.100.000 12 .44 1 .000 TOTAL RECOURSES 5 ,366 ,371,000 5 . 504.405.000 4 . 165 . 403.000 L I A B I L I T I E S Capital paid-in 5 3 . 317.000 S2,95S ,000 76 .441.000 Surplus SI , 0 S7 ,000 SI ,087,000 1 , 134,000 GoVermont deposits 116 ,032,000 137 ,090,000 233 ,o4o,ooo Due to members - Reserve account 1 , 71S ,396,000 1 , 712 ,796,000 1 . 435 .196.000 Deferred availability items 535 ,17 s ,000 651,735,000 4oi ,186,000 Other deposits, including foreign government credits 117.UU4.000 i 2 s.o 6q.ooo 111 .840.000 Total gross deposits 2 ,4^ 7 ,056,000 2 . 626. 690.000 2.181.262.000 F . R. notes in actual circulation 2,5oU,U97,ooo 2.512.048.000 1 ,8 70 ,835,000 F . R» bank notes in circulation - net liability 193 , 8^ 9,000 is S , 9ii,ooo 11 ,084 ,000 All gther liabilities ___ 16 , 565,000 14,711,000 2 4 ,647 ,000 TOTAL LIABILITIES 5 , 366 , 371,000 5 . 504 .405.000 4 , 165^ 403,000 Eatio of total reserves to net deposit and F.R*note liabilities combined 50.2 $ 58.1 $ * Includes one year Ratio of gold reserves to F .E . notes in circulation Treasury notes after setting aside 35 /^ against net deposit liabilities 61.2 % 62 X) * 78-1 % Released for publication Stmday aorning July 27, 1919; not earlier. WEEKLY STATELSSNT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOS: OF BtlSKESS JULY 25, 1919* St.Slot R E S O U R C E S (In thousands of dollars-) To tal Boston Hew York Phila. Clevel- Ricbrn. Atlanta Chicago St.Louis Minn.Kans-Cy. Dallas San Fran. 4,!+so Gold coin and certificates -- 270,601 g,4 o4 168 16s,4 si 624 33,336 2 ,2 3 9 7 ,9 0 3 2 3 ,9 1 1 3,106 8,637 9,312 Gold Settlement Fund - F*R>Board J52MSL 9, ska -59V5-3^ 3-5^3l 6 o ^ . 2 ^ 8 ^ i ^ 6 _ >l i ^ 2 ^ 5 5 a _ i ^ 2 a O a i .^ a o _ _ 2 5 a - 5 3 - 23 *696Total gold held "by banks 862,133 — 56,692 329,^13 49,151 80,214 27,789 24,901 125,501 28,259 38,100 3 9 ,1^1 19,152 43,820 Gold with Federal Reserve Agents 59,163 287,952 70,576119,522 30,863 44,199266,031 61,069 33,660 30,770 15,780 8 8 ,4 6 6 1,108,051 -ken oh o 177 r rr\s r? r ^ -7r^-7-1 r h^-7 0/^0 o no£ loll Q^7 Gold redemption f u n d ------- -1)1 ,880 124t_9 dZ H i m ____ 2jt»8ga— ii»5Zg-..... 2^ 13 7 6^ 6 £ 4 _ ^ .6 q q .. 3,5,-236___ 3 + 3 H ___ 6^03- 10^.202___ 2^926Total gold reserves------- 130,336 133,16b 2,095,151 642, 1 9 4 1 3 1 , 305201,873 65,316 74,700 426,828 93,299 78,163 8 0 ,1 1 3 3 7 ,85 8 Legal tender notes, silver, etc. j k 6 ____ 6-5^872 _3c4___ 1^ 592. 7 .505 .47,691 156______898 524 1,324 Q53___ 4^212_______6 X Total reserves------ ---- 137,841 689,885131,461202,771 65, s4 o 76,024 4 2 7 ,7 8 1 9 7 ,5 1 7 78,224 8o,4i7 39,750 133,512 2,161,023 Bills discounted: Secured by Government war obligations ( a ) --- ----- 134,001 6 4 9 ,1 4 7 170,366 103,063 82,053 78,916 191,632 49,358 35,168 38,893 37„5-95 ^5,518 1,616,210 All o th er -- ■ ---- -----6,570 6 8 ,7 4 6 19,881 13,916 1 2 .5 7 9 24,313 10,950 4 ,0 9 5 44,930 20,978 1 2 ,9 7 1 251,392 Bills bought in open market . . .. . 3 S 2 _ _ 2_ 719_ 7,868..., _ _ 6 T^ 92 _ __5 6 .^ 16 . . ^ 5- 5^ -9M335M-33-2M71913-97- M J 3Total bills on h a n d ------- 167,542 809,390 190,966 170 , 665 :103,237 98,487 271,961 69,681 63,321 83,825 58,955 154,528 2 , 243 , 15s U. So Government bonds-----27,086 3,966 1,234 116 1,385 1,083 2,633 1,257 8,867 539 376 ^,^77 1,153 U. S. Victory n o t e s ----- -286 18 1 6 50 211 U*S*certificates of indebtedness ■21.436 .. 59,002 24,812 18,358 212,028 6,64o ' 5,900 7,^42 7,4io io>7q 26,612 17,068 *6,969 Total earning assets ------ 189,535 869,699 ;217,164 190,106 :112,481 109,348 303,050 87,902 70,617 :100,034 68,821 163.801 2,482,558 Bank premises------------ 11,784 '••400 800 500 459 691 4oi 4 16 307 2,936 3,999 875 Uncollected items and other deductions from gross deposits 57,171 690,495 171,899 60,502 55,980 51,781 30,944 81,749 4s,o46 12,885 59,888 9,726 39,924 5% Redemption fund against F- R* bank n o t e s ------ -10,613 436 ^50 ?30 394 2,038 1,200 448 803 1,015 1,682 520 897 All other resources -------9.898 ^.29 196 447 . ..... 583.. 936 . 34l 501 755 2,351 1,025 379 1.455 — ------ — — TOTAL RESOURCES------- — - - - 386,703 1,739, 871 1+11,582 451,565 ;231,991 217,674 818,653 235,460 162,316 i2 41,917 129,623 339,016 5,366,371 1i E M 0 R A S I A ,' (a) Includes bills discounted for other F*R* banks, v i z --(jb) Includes bankers’ acceptances bought from other F-R-Banks With their endorsement — Without their endorsement - - - - - - - 10,012 - - - - 54,900 - 5,000 - 25,000 - - - - - - 3 8 ,5 6 7 84,900 4 8 ,5 7 9 Released for publication Sunday morning July 2'^,, 1919; not earlier. WEEKLY STATEMENT OF RESOURCES M L LIABILITIES 0? THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JULY 25, 1919* (La thousands of dollars.) St.510c L I A B I L I T I E S B9stoii New Yprk Ehila. Clevel. R^chm. Atlanta Chicago St.Louis Mina- Kans.Qy. Dallas San Fran. Total Capital paid-in _______________ 6 >27' 21, *77 7,o53 9,255 4,227 3 , ^ 7 * 11,581 3, # 0 - 3 , 0 2 0 3 ,S02 3,277 M S I S3,317 Surplus---------------5,20* 32,922 5 ,3 H 5, 86o 3,800 2,805 9,710 2,589 2,320 3,957 2,029 4,578 Government deposits------7,I3v 28,872 8,902 7,530 6,270 10,023 17,, 792 4, 788 4,212 6,606 7,198 6 , 55 -.-.S-rLc Due to memhers -Reserve account 107,39^ 694,244 101,330 133,510 5^,682 43,-34b 2^7,905 6 3,23 5 ..52 ,76 3 78,022 45,023 51.2J2 ,7 >39 Deferred availability item s-52,8=5 128,628 53,S64 50,378 ^5,0^9 22,285 65,791 3^,2lU 10,444 37,965 14,003 19,598 535,178 Other deposits, including for^ ^ ^ ^ ^ 117 ^ 1+4 eign Government creaits ---(,Wv °,-Liv ii ^ 1, J | M' ’ ’ * ’ , ,_____ Total gross deposits------ 174,513 902,156 172,366 199,3S2 110,56** 24,42? 3'44j48 107,739 70,2^7 127,2bb K J W 125,2*+ 2,487,056 F.R.notes in circulation---180,481 . 739,165 201,693 218,79^ 105,735 116,835 **23,395 104,729 79,639 92 , i4s 46,557 195,328 2,504,4-97 F.R.Bank notes in circulation> net liability ----------18,209 38,536 23,476 17,147 6,936 9 J 6Q 27,833 15,274 6 582 13,069 8 , 27 s 7,5^9 All other l ia b il it ie s -----1,417 5.615 1,083 1.127 729 590 1,808 599 ^88 1 ,0 7 5 ...__ 738___ ^ JS o _____lo...565 TOTAL L IA B IL IT IE S ------ 386, 703 1 , 739,871 '411,582 4-51, 565 231,991 217,674 818,653 235,460 162,316 241,917 129,623 339,016 5 , 366,371 U E M O R A N D A Contingent liability as endorser on Discounted paper rediscounted with other F. R. banks--Bankers' acceptances sold to other F« R» banks------- - 3'4,900 - 50,000 - • - Qnn - - “ “ ~ FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION. F.R. notes outstanding-----F. R. notes held by bank---^'circulation ___________ Bills discounted---------Bills bought in open market-U.S.certificates of indebtedness 158,550 8.469 823, 6“? 215, 8* 230,189 110,:“ 29 122,33“ **57, 726 121, g 3 84.484 l4j 191 11,395 4,694 5,^99 34,333 16,564 32, » 6 100,017 “ S, 85“ 221.“ 70 2, 723,601 3,167 7,869 __ 2 , 297 . __2b,__ 2--- % - iso, t o 739 ,165 201,693 218,79“ 105,735 n 6 , 835 “ 23,393 79,63 9 10U .729 DISTRIBUTION OF BILLS AND U, S* CERTIFICATES Within 15 days l 6 to 30 days 31 to bO days 1,532,918 103,92“ 99,788 7 4,463 81,152 146,190 [(,] 601 “ ,111 » ,8 0 1 9 2 ,i“ 8 OF INDEBTEDNESS BY MATURITIES. Over 90 days Total 21.199 S l I 'S l D , (5 157,“ 12 212,028 6 l to 90 days 109,773 20,103 “ 6,557 195,328 2 , 50“ , “ 97 Released for publication Sunday morning duly 27, 1919j not earlier. STATEi'/IENT OF FEDERAL RESERVE AGENTS * ACCOUNTS AT CLOSE OF BUSINESS JULY 25, 1919* (in thousands of dollars.) FEDERAL BESERVE NOTES: Received fro* Comptroller---Returned to Comptroller----- Boston New York Phila- Clevel. Richm. Atlanta Chicago St.Louis Minn* Kans.Cy. Dallas San , , ,, , , , 3^1,3^0. l,b60,8S0 408,780 370,000 227,120 241,500 655,320 210,440 13^,380 170,920 104, 760 304 126,250 697,631 171, Hl6 109,911 90,^03 58,882 169,15** 73,937 37,5lH 57,553 35,731 72 Chargeable to F.R. Agent ---- 215,110 In hands of F. R. Agent ----- 26,160 Issued to F. R. bank less amount returned to F .R . Agent for redemption ---------- 188, 950 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and certificates on hand 963, 2^9 237 , 36U 2o0,089 136,717 182,618 139,600 21 , 1*80 29,900 26,288 60,284 486 ,166 136,503 28,440 15,210 823, 6H9 215,884 230,189 110,429 122, 33H 457,726 121,293 69,029 232 l4,o6o 13,350 20,175 1C 82,806 100,017 48,854 22] 13,052 2 , 500 12,125 183,7^0 96,866 113,367 - 9,831 Gold redemption f u n d ------- 10,163 iH ,212 14,687 12,397 1,863 1,699 8,926 3 , 13 s 1, 808 1,410 2,765 l] Gold Settlement Fund, F-R.Board- 1*9,000 90,000 55,889 95,000 29,000 40,000 257,105 5 7 , 931 18, 800 29,360 3,184 7< Eligible paper,minimum required- 129,787 535,697 1^5,308 110, 667 78 , 135191,695 60,224 49,146 69,24? 188,950 823,64-9 215,884 230,189 110,429 122,33^ *±57,726 121,293 82,806 100,017 167, 5**2 809,390 147,127 168,720 100, 5^9 65,^33 58,889 83,824 TOTAL----------- --AMOUNT OF ELIGIBLE PAPER DELIVERED TO F.R* AGENT -- 79,566 95,073 271,855 33,07^ 13: 48,854 22 : ,58,955 1 ^ STATEMENT SOS THE PRESS Released, for publication Monday morning, July 28, 1919; not earlier Federal Reserve BoardJuly 26, 1919 * CONDITION OF MEMBER BANKS« Curtailment by 48 millions of Treasury certificate holdings and moderate increases in the holdings of Liberty bonds and Victory notes are indicated by the Federal Reserve Board* s weekly statement showing condition on July 18 of ]'6J member banks in leading cities. The a.e~ cline in the number of reporting member banks is due to bank consol idations in Greater New York and New Orleans, Victory notes on hand show an increase for the week of 2J ,2 millions, notwithstanding the redaction under this head of 10.4 millions reported for the New York City 'banks. United State?., bonds, other than circulation bonds, increased 19 millions, while to t'a'^. security holdings fell off about 2 millions. Loans secured, by United States war obligations (war paper) declined )'.2 millions, a larger reduction obtaining for the banks in the Federal Reserve 'Bank cities. Other loans, and investments decreased 54*4 millions in lle»7 York City, but continued thoir upward course in a number of other cities, with the result that the decline for all reporting banks is only slightly above 10 millions. Aggregate holdings of U^tj&d^tjates war securities and war paper declined from 3,332*4 to 3 ,323'-SA and constituted 22.9 Per cent of the total loans and investments of all reporting banks, as against 23 per cent the week before. For the New York City banks a. decline in this ratio from 26 .8 to 26.6 per cent may be noted* Government deposits fell off 103*5 millions, the New York City banks reporting especially large withdrawals-of Government funds for the week. Other demand deposits (net) went up 69-5 millions, the gain at the New York City banks under this head, being more or-less cor/nensurate with their loss of Government deposits. Time deposits show a slight increase. Borrowings from the Federal Reserve banks, as measured by the amounts of collateral notes and customers' papeJ? held under discount for the reporting banks, show a reduction of 89*8 millions* Cash in vault declined about 19 millions, while reserve balances with the Federal Reserve banks went down from 1,335'1 to 1,309*1 millions, and constituted about 77 per cent of the total reserve deposits carried on July 11 and 18 by the Federal Reserve banks. Released for publication Monday morning July 28, 1919; not earlier. St.510a STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OP MEMBER BANKS IN LEADING CITIES. 1. Comparative data for all reporting banks._________ (In thousands of dollars.)__________________ ________ July 18. 1919 769 „ ' jfraber of reporting banks - - - - - - - - - - - - - - - - - July 11. 1919 771 Agril_lSJ_1 21 2 January 17, ,19.1.9 • -768 773 U. S. bonds to secure circulation - - - - - - - - - - - - - 269,001 269,614 268,779 262,742 Other U. S. bonds including Liberty bonds ---------- 648,083 628,734 637,264 825,595 U» S. Victory notes - - - - - - - - - - - - - - - - - - - - 368,189 341,030 - - U. S. certificates of indebtedness---- --------- - 93n.124 978.021 2.079.489 2 *215,397 2,217,459 2,985,532 ------------ 1,377,36s 1,384,579 1,093,982 1,182,721 All other loans and investments - - - - - - - - - - - - - - 10 , 891,032 10, 266,712 10,135,468 - Total U* S- Securities - - - - - - - - - - - - - - - - Loans secured by U* S, bonds, etc. 10,901,086 1,467,026 , 1 , 298,874 -------- 1, 309,136 1,335,133 1,275,986 Cash in vault - - - - - - - - - - - - - - - - - - - - - - - 364,823 383,808 349,952 386,621 10, 716 , 09s 10,646 ,627 10, 186,109 10,080,102 1 ,766 ,815 1 , 763,207 412,926 516,420 652,671 . 658,956 1 , 06s ,817 1,154,341 1 , 159 , 49 s . 811,749 349,97S 354,341 281,472 : 402,730 22-9 23-0 Reserve balances with Federal Reserve Bank Net demand deposits-_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Time deposits - - - - - - - - - - - - - - - - - - - - - - Government deposits - - - - - - - - — ---------- Bills pEyable with Federal Reserve bank - - --- Bills rediscounted with Federal Reserve bank ------ Ratio of U. S. war securities and war paper to total loans and investments, per cent - - - - - - - - - - - - - - - - - ■ 2»555,363 1 , 714,216 - 2b .6 1,605,064 25*1 O~ G•"v'y rO Released for publication Monday morning July 28, 1319; no u earxier. STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN LEADING CITIES. , , (In thousands of dollars.) K Data for all re-porting banks in each district, as at close of business July 18^ 1919.. ,Cy. Fran. t, • Dallas — r--- - San ri Ri elm - AtjLgnta Chicago St.Lcpiis Minn. Kans.> Boston New York Phila- Clevel Iff U 54 35 76 ^ 5l ^ 100 88 82 109 56 £o* reporting banks 7,120 14,117 18,723 35,605 20,113 17,156 41,1+66 25,621 15 , H 5 14,508 4-8.860 11,597 jJ»S *bonds to sscore circulationbther U. S* bonds including Liberty bonds ----------■lJ . S. Victory n o t e s -------certix.icates of indebtedness : Total U. S 16,91+U 12,281 1+3 , 831+ se cirri t i e s ---- 74 432 « k 301,724 35,862 151 , 951+ 18,660 339,638 U i ,789„ _ 842,176 107,908 ?T,5o7 757,413 174,834 j » “ 0 ^ 36 , 65,983 Rer.'.ervs balances with F.R.bank— 73,652 657,350 Cash in vao.lt —----------- 23,612 125,101 17,225 Net demand deposits-------- 759,178 4,962,474 659,736 Tine deposits------------- 110,1+03 303,5^9 21,265 Government deposits-------33,5^7 164,875 27,309 Bills payable with F«R. bank18,00 5 504,381 147,199 Bills rediscounted with F.R»bank 75,933 145,011 26,597 3. 59,668 15,795 10,201 22,031 29,549 ^ 57,611 l 4 .4 5!? 7,915 11,055 16,039 19,645 24, 7;+3 179,635. 26,506 75,550 60,356 52,320 __ 227TF+~i5i,4o'3\ll3,023\ 317, 027"“ 73,912 “TPT7 &8T 71,947 17,889 111,465 U2,125 \ 30,163 95,790 28, 6b*+ 15; S3 U 24 £ I ? :399 | 3 |8^ o ;i o | //i ,u | ; 1^3. 392 -16,273 3 9 9;,2 0 5| ,1 09 , |--r ic.it 8^,345 34,94 8 35,876 175,309 4o ,&35 21 rjOd 44 sC,';,5 s 15,151 36,010 16,825 13,515 66,076 9,793 10 33 rC816,248 328,521 257,633 1,323,^08 304,050 245,567 417,732 292,175 84,138 115,568 440,279 93,135 5^,933 75, 573 9,697 12,824 41,113 19,100 21; 254 34, 507 23,012 34,149 3,470 79,901 84,052 43,298 89,349 27,623 24 ,954 878 18,879 15,959 7,150 14,928 12,353 64 ,168 46,570 4o,5o4 14,928 Comparative data for banks in Federal Reserve bank and branch cities and all other reporting banks^ All F.R.Bahk Cities New York Chicago July 18— -Jfuly 11 72 71^ T. , No. of reporting banks----------3?,233 U .S. bonds to secure circulation ---39>1°3 265,696 Other U.S.bonds including Liberty bonds 271,865 143,502 U- S. Victory n o t e s ------------^ 3 ,1 2 3 314,829 336,355 U- S. certificates of indebtedness -- _ 7m~Z2G~ 753,930 Total U. S-. securities--------719 ,240 709,278 Loans secured by U. S. bonds, etc. -3,967,707 All other loans and investments ---629,538 Reserve balances with F* E* b an k---^2 , 5 117,694 Cash in v a u l t --------- --- ----4 , 509,608 Net demand deposits--- ■ ---— ------ - »55D»2 “ 233,956 iTime deposits-----------------^ ? 7 4 242,432 Government deposits------------507,293 453,209 Bills payable with F. R» bank -----138,089 131,126 Bills rediscounted with F-R. B a n k --Ratio of U.S.war securities and war paper 26.8 26.6 1 W total loans and investments,per cent July 18— July 11 44 1,369 23,069 26, o64 97,902 148,404 68,375 895,763 44 1,370 23 ,466 2 4 ,ll4 105,962 154,912 121,813 38,956 76,399 395,200 118,06l 43,268 879,311 166,154 865,443 166,357 22,430 50,262 51,530 13,473 55,630 12,215 19-4 20.4 July 18--July 11 259 103,865 260 103,^85 382,099 369,33^ 217,033 217,884 578,895 610,179 1 , 281,892 1,301,332 1,106,449 1,117,873 7,231,995 7 , 279> i 996,112 979,141 212 , 15 s 226,780 7,605,099 7,5^7,562 724,143 719,532 403,300 839,539 772,275 266,772 270,206 23.7 23-9 July 18--July 11 164 165 57,026 110,686 79,133 213.585 57,749 112,375 139,955 68,023 218,310 5567457" 133,395 1 , 693,068 1 , 692,916 168,806 157,881 All other reporting banks July 18-- July 11 346 108,110 155,298 72,018 137,644 473,070 130,964 1 , 960,970 160,673 172,104 29,939 29,599 172,il4 92,447 1,696,755 512,479 57,803 135,869 53,267 23-6 23.5 19-3 60,218 61,778 1,414,245 1 , 403,692 528,266 530,193 56,733 269,001 648,033 17,704 33,933 363,139 5,551 n,iC-9 930,124 23,^95 42,623 -657^7 122330 "^ , W , 3 F T 7,2?M 21,424 1,377,308 182, 976^ 565,165 10.591,032 20,347 53,175 lj 303,136 364,823 IQ*, 629 20. 64s 10 , 716,098 177,801 463,750 30,708 l4o , 189 1 ,766,315 412,926 13,900 11,788 14,252 23,133 1 , 068,817 349,978 2,715 4,571 F-R.Branch Cities 4507435 Total 103 72,675 356 107, 880 147,025 §5,123 149,592 459,1)20 128,312 1 ,928 ,769 170,215 95,250 1,695,373 515,409 4o,445 142, 64s 54,536 19.1 C O N F I D E N T I A L Not for publication PERCENTAGE OF GOLD AND LAWFUL MONEY RESERVES AGAINST NET DEPOSITS PERCENTAGE OF GOLD RESERVES AGAINST FEDERAL RESERVE NOTES IN ACTUAL CIRCULATION AND OF TOTAL RESERVES AGAINST COMBINED FEDERAL RESER7E NOTE AND NET DEPOSIT LIABILITIES OF ALL FEDERAL RESERVE BANKS, Ratio of gold and lawful money reserves v to net deposits July IS--July 25 * Boston 52.0 54.7 New York 49.0 51.6 Philadelphia 52.7 Cleveland Ratio of gold reserves to F.R. notes in actual circulation July 18-- July 25 Ratio of total reserves to net deposit and F. R. note liabilities com'bined July 18-----July 25 - St. 5 ^ July 25, 1919 Ratio of gold reserves to F .R . notes in actual circulation after setting aside 35 $ against net deposit liabilities Julv ]_g-- JuLv 25 __ 4o .8 45.3 46-3 51.3 53*6 42.1 42-3 45,5 46-9 55-6 5 8.8 44.1 4o.6 4o -7 45.1 41.9 51-1 45.8 56.0 56.6 56.2 55-6 56.2 56.0 69*7 69.7 Richmond 56 .6 48.2 35.4 35-5 42.7 4o-o 46.7 42-8 At lanta 58.8 49.0 45.6 42.6 49.2 44.6 54.7 49.0 Chicago 56 .8 48.2 70.3 71.2 64-7 62.4 85*6 79-3 St. Louis 53.1 54.4 63-5 62.1 59-9 59-3 72.9 73*2 Minneapolis 73*5 66.5 49.8 50-3 59.4 57-1 76.2 73*0 Kansas City 57-3 52 r5 4 3.7 44.5 49.1 50.4 52-5 6 1.7 Dallas U1 .1 42.9. 4o.6 4-0.2 4o.s 4i.6 45 . 6 48.5 San Francisco 1+4.5 51.7 _... 51-3 ^5-7 49.2 47.6 55-4 53- 1 ............ 52.6 51.1 49.6 45.2 50*9 50.2 62.0 61.2 TOTAL Federal Reserve Board Division of Reports and Statistics July 29, 1919 ... EAT 10 OF "FLOAT" OF EACH FEDERAL RESERVE BANK TO IMMEDIATELY AVAILABLE DEPOSITS. C O N F I D E N T I A L Not for publication. (In thousands of dollars.) t Federal Reserve Bank Deferred !Uncollected availability 1 items 1 items S t .515 July 25, 1919 1“Float 11 after adding net < "FLOAT II debit 1 "Float” after d o d a c t i n g National and F, R* 1 Ratio to 1 or deducting net credit in * Bank notes, also net investment in timmediately1 1 transfers from second calculation Saturday’ s set tlenient t Amomt 1 available 1 Ratio to immediately 1 Ratio to Immediately t 1 1 deposits Per cent ’ Amount 1 available deposits Per cent 1 .Amount 1 available deposits Per cent 57,171 52,859 4,312 3-5 8,431 6*9 8,034 6.6 169,399 122, 622 49,771 5*3 ^ 3,259 5*6 ^ 3,259 5.6 Philadelphia 60,502 53,964 6,538 5-5 7,435 6.3 7,435 6.3 Cleveland 55,980 50,378 5,602 3*8 6,655 4.5 5,701 3-8 Richmond 51 ,781 45, 0^9 6,732 10.3 6,500 9.9 6,386 9*7 Atlanta 30,944 22,225 2,659 13-9 4,526 7*4 4,209 6.S Chicago S i ,7^9 65 , 791 15,958 5*7 17,582 6.3 13.870 5*0 St. Louis 4s,o46 34,214 13,832 12.2 10,117 13.2 8,672 11.2 Minneapolis 12,225 10,444 2,441 4 .1 2,974 5-0 2,354 3 . 9 Kansas City 59,822 37,965 21,923 24.5 19,841 22-2 6,859 Dallas 19,726 14,003 5,723 10.5 6,227 12-6 4 ,195 San Francisco 39,924 20.326 19.2 18.550 17.6 152,817 7*8 152,217 7*8 Boston New York TOTAL 687,995 ....19., 5 3 5 ,1 7 8 FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS JULY 29, 1919 ... . 1 3 . 9 2 2 ______ 124,902 • 7 . 7 7 . 7 1 3 - 2 6 .4 . .... .... ..... C O N F I D E N T I A L Not for publication Bank COMPOSITION OF UNCOLLECTED ITEMS AND DEFERRED AVAILABILITY ITEMS. (in thousands of dollars.) UNCOLLECTED ITEMS 1 ? 1 1 Checks 'National Bank' ! 1 1 f and 1 notes and 1 ’ Clearing 1 other 'bank notes of' Transfers All other ' Other 1 ■bought ’uncollected' 1 house ' cash ' 1 items 1 *Exchan2:es1 items 1 F. R. banks ' - 31 , 220 52,859 - - 145,128 169,399 58,787 - - 6 9 , s4 i 128,628 - - 55,028 60,502 18,598 - 1,167 34,199 53,964 50,531 55,980 16,569 - 1,109 32,700 50,378 - 49,U4 s 51,781 17,950 - 386 26,713 45,049 - 28,256 • 30,944 2,927 - 879 18,479 22,285 65,791 4,720 754 Cleveland 4 s4 s 5 10 729 Richmond 2,164 55 n4 Atlanta 2, 07 s 233 377 Chicago 7,026 S t . Louxs 1,222 Minneapolis Kansas City 397 225 627 3,260 70,336 81,749 25,664 175 926 39,026 19 809 8so 45,116 4s,o46 12,003 250 109 21,852- 747 4 55 565 11,514 . 12,835 4,085 282 6,077 10,444 1,295 420 437 12,545 45,191 59,888 9,136 28,829 37,965 s6s 266 493 2, 224 15,875 19,726 4,750 25 415 8,813 14,003 1.286 18 254 4.377 33.989 39.924 7.857 3 120 11.618 45 , S32 7,757 4,292 24,076 606,038 687,995 199,965 453 5,393 329,367 - FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS JULY 29, 1919 Total - Phi lade Iphia TOTAL ' ' ' 21,639 5,957 San Francisco T 57,171 18,314 Dallas ' Gold 1 Set tlement 1 Suspense 1 55,126 21 New York 1 1 JCfltfJSEESED AVAILABILITY ITEMS 1 1 ! 1 t I * Transfers 1Government1 Outlier 1 transit 1 transit 1 sold 1 1 items 1 items - 1,627 Boston July 25, 1919* 1 ! ! Total St .513a - - ' 34,214 19.5S8__ 535,178
@FedFRASER