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Released for publication Sunday morning June 2, 1918

Not earlier

X-978

June 1, 1918
STATEMENT FOR THE PRESS.
Liquidation in some volume of bills largely war and "bank paper and substantial
gains in gold reserves are shown by the Federal Reserve Board's weekly bank state­
ment issued as at close of business May 31, 1918♦
INVESTMENTS:
Discounted bills on hand show a decrease of 25.9 millions, the New York, Kansas
City and Cleveland banks reporting considerable net liquidation of this class of
paper. Of the total on hand, 62.7 per cent as against 65.4 per cent the week before,
is represented by war paper, i . e . , member banks' collateral notes and customers
paper secured by government war obligations. Acceptances on hand decreased 21.8
millions, the Chicago and New York banks accounting for a large portion of the de­
crease. New York reports an increase of 12,9 millions in its holdings of U.S.bonds,
and of 60.9 millions in certificates of indebtedness on hand, the bank holding 60
millions of Treasury certificates in anticipation of payments to government account
due from member banks in connection with Liberty Loan operations. Total earning
assets show an increase for the week of 24.2 millions.
DEPOSITS;
Government deposits increased by 43.8 millions, Chicago and Cleveland reporting
the largest gains of government funds on hand. Member banks reserve deposits show
an increase of 4 .1 millions.
RESERVES:
Further gains Of 19.8 millions in gold reserves are shown. Owing to the large
increase of both net deposits and Federal Reserve note circulation the banks* re­
serve percentage shows a slight decline from 62.4 to 62.0 per cent.
FEDERAL RESERVE CIRCULATION;
Additional ^gt^iseuefi of 11.9 millions of notes are reported by Federal Reservo
Agents. The actuals/note circulation shows an increase of 22.3 millions, the New
York, Philadelphia and Chicago banks reporting the largest increases under this head.
The latter bank in addition placed in circulation during the week, $560,000 of Fed­
eral Reserve bank notes.
CAPITAL;
Payment for Federal Reserve Bank stock by newly admitted members largely in the
San Francisco district, is mainly responsible for an increase of $81,000 in the
amount of the Reserve Banks' paid-in capital.
CONDITION OF MEMBER BANKS MAY 24, 1918*

/

Further liquidation of investments, notwithstanding very substantial withdrawals
of Government deposits, is indicated in the Federal Reserve Beard's weekly consoli­
dated statement showing condition on May 24 of 691 member banks in about 100 leading
cities,
U.S.bonds other than circulation bonds, on hand show a decline for the week of
over 43 millions, while certificates of indebtedness fell off about 11.4 millions.
For the banks in the central reserve cities decreases of 23.6 millions in U.S.bonds
and of 11.2 millions in certificates are shown. Total loans supported by Government
war securities likewise show a slight decrease of 9.1 millions, though only at the
oentral reserve city banks, banks in the other cities reporting practically no change
in their holdings of
. o l f i s ^ d e c r e a s e of 57.9 millions in other in­
vestments is shown mainly for the banks outside the three central reserve oities.
Of the total investments reported about 17.8 per cent is represented by U .S . war
securities and loans protected by such securities. For the central reserve city
banks this ratio works out at 22.9 per cent, and for the banks in Greater New York at
25.9 per cent.
Net demand deposits of all reporting banks show a decrease of 53.1 millions and
time deposits - a decrease of about 32 millions. For the banks in central reserve
cities corresponding decreases of 40.3 millions and 21 millions are shown. Net with­
drawals of Government deposits aggregated 255.3 millions, of which 197.2 millions
represents the amount withdrawn during the week from the banks in the three central
reserve cities.
Aggregate reserves decreased 15.9 millions and cash in vault - 13.6 millions,
practically all at banks outside the central reserve cities. Owing largely to the
considerable withdrawals of Government deposits the ratio of total investments to
totai/deposits shows an increase from 108.8 to 111 per cent. For the central reserve
city banks a rise of this ratio from 105.4 to 109.2 per cent is shown. The ratio of
combined cash and reserve to total deposits declined from 13.5 to 13.3 per cent,
though for central reserve city banks this ratio shows a rise from 14.2 to 14.8 per
cent. Excess reserves of all reporting banks work out at about „79.9 millions, as
against 88.3 millions the week before. For the central reserve city banks corres­
ponding figures are 55.1 millions compared with 49.2 millions on May 17.




Released, for publication S-gnday morning June 2', 1918
? f f T S

f

n T ? ™

h.

EES0UliCES

o f the twelve m m i

U56 IT ^ tX o '

Gold coin and certificates in vault
i

S

S

S

i S

S

S

-

^

-

.

U

" ^

25“

?

£

’ s^sltaiooo

1 ' 975’ 709-000
^

£

1’301’m 0 0 °
hn®

V
x L *nnn

’

626^000
nnn

h
-10

1-17

onn

M
' Z
— USU4SWM!

s

« i :s § :3 S

.3 ,,P55.» 000
9^ ’ f | ' 000

l a r a s n ' te'ofl* £ £

(a)

s

1917

32333500,

*

f

l
36

1.877.&U.OOO

— ^,
,
351, ^07, 000

537’ 000

3, 525,303,000
yc l|gc 0 0
0
13**000

1

S

^

387 '000

o f i i ^ ’ ^PP.

V o ^

---------------- - — 29,000
-

& e c t ™ bn i U
” ” a° ° ° ”nt
Other deposits^including foreign Gov't, credits
Total gross deposits




a

s g :S :£

^01 190 000

apital paid in
Surplus
ovenunent deposits

note liabilities combined

I S

x-9T8i

11

Jm e

— 29,115,000
1 , 292, 023,000

3, 626,300,000
75, 5* 6,000
1, 13*, 000
166, 191,000

note liabilities combined
Ratio of t P
0 f«al reserves to net deposit and F.fi.

1918

in*

1*27 1 1 1 0 0 0

l i a b i l i t i e s

iotal gross deposits
F.R. notes m actual circulation
F.R. banknotes in circulation -net liability
All other liabilities
TOTAL LIABILITIES
Ratio of gold reserves to net deposit a n F.R.
-d

or busihess may 3 1 , 1 91g .

S

1153 730 000-g

(a) 19,1<*,000

F.R. baxdc notes

TOTAL RESOURCES

’8
:

1

Total earning assets

A Redemption fund against
11 other resources

1918

S97.357.OCfl

^ue from other F.R. banks, net
Uncollected items
Total deductions from gross deposits
» Redemotion fund aeainst F.R. b-ir nntos
a rl

H E s W ^ S a o s E

- -7,993,000
2
R ^ ’S n

B i n T d i » ™ e Sd for members and t.B . banks

O-S-Oovemaent long-term securities

_.

S

!

Total gold reserves
Legal tender notes, silver, etc.

.

^ .g 7 ,0 0 0

, 3,677,000
-77>092,000
120,769,000

'o'o
Uboo
huu.uuu

...^ 5,905,000
I, * ,

122,350 00
0

75 392,000
56 925 000
56, 925,000
»

,

1 .U36, 28^000 7a ;i U 6 ;
1 . 99>*. 71*5.000
1 , 600, 962,000
g 32* 000

_.,1P7.<X>3.0W

1 , 909, 025,000
1 572 621 000
iS th n n n

. 1 , 000,Ogg
~952 n 5 000
uluafii’fSn
‘+04,865,000

nrtn

TTsHSHvS
»
>

60. 2$
£ .
2

»

; — I l x29^,000
— ------- §33,000
3 ,5 5,303,000
1 , *75,392,000

£i
l» 2y

6g .l $

u

77«*%
go.3 #

Released, for publication S-un^y morning Jpne 2 , ’ igiS
Not earlier.
WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF

(^n thousands of dollars)

R E S O U R C E S

BUSINESS MAY

31 , 191s.

X~972b

Boston .New York. Phila. .Clevel. Richm* .Atlanta, Chicago *St „Louis
3,452 329,324
9,123 21,705 6,364 6,70s 22,176 1,944

Minn* Kans.Cy. Dallas.San Fran. Total
Gold coin and certificates in vault
2,269
453
5,430 35,169
456,177
Gold settlement fund F.R.Board
62,929
1,207
52-169 52,157 23,715 12,720 22,657 40,637 27,903 28,475
,
7,986 13,962
425,237
Gold with foreign agencies
S J a x 2,2,112
J L 6 I 5 _ J l I 2 5 l J U S Z ... 1 , 57 5
-___ 1,350
2,100
2.100
2,625
1,232
2.88'fl
52,500
Total gold held by banks
76,116 349,303 64,967 78,527 31,916 27,063 124,123 44,621 32,27a 31,553 15,254 52,019 933,914
Gold with Federal Reserve -Agents
63,122 247,264 26,059 117,295’ 32,270 37,593 i 64, 4is 40,624 34,530 36,90s 19,147 76,029 955,919
Gold redemption fund
—^ .500— —U1QQ--- 3JLS_____ & & _ _ .I.,.29?
2.102
1.711 2 . 1 QU
- &5___ 1^258
X
i 4s
27. qq^
Total gold reserves
141,232 0 0 9 ,0 ^ ^ 1 5 4 ,0 2 6 196,200 65,420 65,953 290,709
27,016 74,996 69,226 35,659 12s,256 1,917,226
Legal tender notes, silver,etc.
_a as9L ____ _______________ , _______
1 U I9 _
_____ k5Q_____ 3 90
854
4,523
U m _____ u a .
-^5--2jiS6____ _238____ 57,883
^otal reserves
143,597 652,310 15:5, 205196,650 65,270 66,207 295,292 22,1*93 75,115 69,671 38 , 145122 , 551+ 1 , 975,709
Bills dis. for members & F*ILbanks
43,215 402,275 42,240 47,252 49,027 24,239 26,274 31,257 26,330 65,463 30,022 41,297 897, 35Bills bought in open market
.2$»QfiQ 133 , 4?0-- gQ,Q£2 in. Hop - rT
2 -l 3 , 84^. .30,621____6, 643. -34113-S
^otal bills on hand
66,275 541,695 63,202 57,750 51,224 22,679 116,295 37,900 29,343 -- 635— — 9^0— 19.3&4___ 25&JJ.
66,098 3l,00;2 61,861 1,153,730
Government long-term securities
616 15,641
1,347 7,200 1,233
730
7,090
2,231 1,845
8,865
3,981
3,461
54,842
U.S*G v!t, short-term securities
l,54 i
64,354
2,143 9 , 1+57
1,524
1,202
3,oo4
511
l>35£
3,706
1,530
1,758
92,082
other earning assets
53_____ 54
-.
j _______56.
Q
533
10
736
^otal earning assets
69,032 621,690
67,292 75,007 54,581 30 , 661+ 127,043 40,674 32,596 78,669 37,046- 67,090 1,301,390
Due from other F.R,banks, net
16,222
—
10,144
1,412
—
1,609 * 19,191+
Uncollected items'
24.226 . 20., 915- 60.052 33L 7.45 2q.i+73 26.991 45.^01 45,367
9,801 3 0 ,1 2 2 14,761 20,377
427. VS1
^ota deduct, from gross deposits
24,226
20,915
60,052 56,033 29,473 26.991 55,645 45,367
9,801 31,534 14,761 21,986
408,137
% Sedei.p. fund against F-ILBk,notes
100
389
626
137
All other resources
_2QI
231
438
TOTAL RESOURCES
236,855 1355,146 282,762 327,690 149,924 124,1+62 478,020 174,534 117,512 180,263 90,029 217,630 3,686,306

&
11
5

0

.1

L I A, B I 1 1 I I I S
Capital paid in.
Surplus
Government deposits
Due to members, reserve account
Collection items
Due to other F- - banks, net
R
Other deposits incl.foreign G vTt
. credits
Total gross deposits
notes in actual circulation
F.R.bank notes in cire.,net liab.
All other liabilities

0

6, 467'
75
14,479
‘

91,968

18,492
21+7

125,126
104,475

19,755
649
21,572
612,641
54,766

21,341

6,939

2,537

32,544
111,591
36,812 23,192
4,215
11,200
29,231

3,812
3,024
9,71+5
116
40
216
6,900
6,288 22,142
42,99932,247122,971+
21,1+37 16,232 22,71+8
6,869
3,519

rT r
*ioi,3i4„
JQ 5_
217,634 142,064 167,932 78,205
517,102 133,759 150,428 67,611

: 6

3,623

2,785

3,510

14,625 10,275
46,631 39,164
33,178 10,011
11,171
1,176

8,908
66,082

38

3 .3 85

64,292 231,21+9 105,709
57,089 235,163 64,716
560
ISO---- 17- 1,147
1+26

60,671
53,610

19,937
— —

2,968

4,381

4,021

75,546
1,134

12,637
71,562
13,772

166,191
, 440,413
278,698

41,323
8,115
109

- - - -

3,924
log. 41+3
94,927 53,568 101,955 1,994,745
72,854 33,198 110,957 1,600,96s
7,764
2,324

-652______ = _ _____ ===---733Una -U-208.
-355--- 33,7
5.581
236,855 1355,146 222,762 327,690 149,924 124,462 478,020 174,534 117,512 180,263
90.0P9 217,630 3,686,300
*' Difference between net amounts due from and net amounts due to other F.R.Banks = Net amoixvt due to other F. R. Banks.

total l ia b il it ie s




Released for publication Sunday morning June 2, 1918
Not earlier.
STATEMENT OF FEDERAL EESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS MA.Y 3 1 , 19 IS.
FEDERAL RESERVE NOTES

Received from Comptroller
Returned to Comptroller
Chargeable to F.R.Agent
In hands of F.R.Agent
Issued to F.R. "banks less
amount returned to F.R.
Agent for redemption

X-978c

(In thousands of dollars)
.Boston .New York. Phila. .Cievel. .Richm. .Atlanta. Chicago. St .Louis . Minn. .Kans-Cy. .Dallas

San Fran.

T0tal

92,200

73.980 103,700
.

68,500

75,592
16,525

320,880
, +..LJ
303,273
44,680

77,646
9,390

60,531

52,882 121,933 2 , 006,627
19,300
.....27Q, l„40_

59,073

252,593

68,256

,_53^2I6

1^2,580
. 'r .i
J
123,152
13,740

875,880

190,200

196,060 107,060

92,740

680,878
112,800

152,219
13,740

+ 2 , 0^
180,235
20,840

85,820
6,260

109,412

568,078

144,479

159,395

79,560

4,655

86,520
8,210

78,310 . 33,-522

131,640

1 2 1 ,^ 3

2,405,420

. 1 ,73.6^41.

x.
.
COLLATERAL HELD AS SECURITY
FOR OUTSTANDING NOTES:

•

Gold coin and certif.on hand 12,000
5.622
Gold redemption fund
Sold settlement fund,F.R-Ba. 45,500
Eligible paper,minimum req,d. 46,290
109,412
Total
AMOUNT OF ELIGIBLE PAPER DE­
LIVERED TO F.R.AGENT

169,743

12,521
65,000

23,512
2,777

320,814
568,078

7,335
72,674
58.420
144,479

159,395

1,370
31,500
46,690
79,560

541,695

52,253

57,750

50,286

85,000

2,504
2,169
32,920

13,102

21,480
59,073

372
1 64,o4o
94,175
252,593

2,155
32,4&9
27,632

68,256

21,346
55,276

21,581

111,847

33,355

23,884

11,581
1,932

2^548
34,360
41,402
72,310

62,372

1,928

19,500

232, 44s
53,428

6,593

5,524 69,496

670,043

33,522

45,244
121,933

780,628
1,736,5^7

31,002

52,223

1 , 112,323

68,256 55,376 72,310 33,522 121,933
56s ,078 144 ,479 159,395 79,560
59,073 252,593
384 10.976
.. sx M d .. _3 ,5 t o _ _ 2 ^ £ 6 _ _5J± 5£_
jjuaka- ___
_ 50,.92.0 .._ m * m . ___
..ksoz
1.50,42 8 .. 67.611
57,089 . 235»l63.___ 64 , 716___ 53^610....JZJSSk.. 33.198 I I P .957

1,736,547
135,579
I . 6OO.968

66,875

42,100

14,435

M EMOEA N D A
FEDERAL EESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION
F.R. notes outstanding
F.R. notes held by banks
F.R. notes in actual circul.

109,412

DISTRIBUTION OF BILLS, U.S. GOVERNMENT SHORT-TEBM SECURITIES AND WARRANTS BY ivlATURITIES.

Within
Bills discounted and bought
U .S.G 0v 't short-term securities
Municipal warrants



15 days

661,804

62,120
457

30 days
110,168

l6 to

10,185
4 3

31 to

6 days
0

187,415
5,411
l

6
l

to

9
°

days

159,874

Oirer 90 days

Total

3

4

, 4

6

9

1.153,730

1

4

, 3

6

6

92,082

501

•Released, for publication Sunday morning June 2 , IQlg
statement

1

m om *

^.

i t h .,s o f x u r a b I ^ loW
d a centm n o n ,
SELECTED CITIES AS AT CLOSE OF BUSINESS M Y 24 191 g

p b iu c z p a l

D , h f v an

m

v

L t
re
in! teriVp ™
^ r i c j ^ J l n thousands of dollar )_________ ’
No- reporting banks ° 42°n . ^ q g ^ . ^kq a ‘ 'Cl®^el*
;Atlant& Chicago
'

9

‘

s S i S , .

’

on indebted-

l 6 ’36?

J r r ^ t r s r , ^ .

2S5' 71°

S S * - * ®

32

S f a i : r 4 osits
* i « « « ,.* « .*

95 7 S3

______________ ^

34 ’ 105

265, 44g

18’ 11(9

15'*t
"

18’ 376

592.695

£ 8

S S

S S

lM 9°

18’ S1?

17,392

6 >l6S

lU ’ 012

20,889

71,896

17,889

11,730

8

8 :S

£ :S

27,362

1‘t' 006

^ l i s o f “ ’S

-

l6 ’ 879

21’ 9° S

15,22“

j w - e with F.E.Bank

72

3 3

3 ' 7‘t0
M

* %'W*
8 & ^
i d
& | U?l r 7 ^ 2 f ™
S ’lpn
orilib t i f f i n
& &
£ £

.

40

“95

.

5.1X6

" S 'm

U-S. certif. of indebtedness
7gs’ 777
Total U.S. secilritieS
10*826
Loans secured by U.S.bonds,etc.,
,ggR

798*990
1 104 239
*

“

”

247

•

r

-

1

1*

M




i

257,’^3

i

f

3>«
^103°

Jo’7^7

J : W

S ’S S
u

‘t a w

1

l

1

«4? *iS

i

s

492.1*1*1

U fA fl

I :%
« | i 1 :1
X
il:l! 11
I??'!1 25?'f ?3 17j-?9J 3 51 ' 821 135,77* J6k,sis s, 869, 51*2
?
& g f
% %
21; 8g
$ ;f *

k* Sn*
^ ,4 0 8

^

170, 1+57

'

‘

^

2 >' , ^
‘ , lkS ’
172, 25!+ 46,133 46,103 265,kkS

— — -

17
688
266,765

253,082 4 5 ,1S7 * 8,296 592,695
±
635,731
*
713 ^ ’?9 36’* 37, >K>9 1,1*1,692 l . l ^ o k
3
73
i S ’ q ^ 12S^ 9 131«f?S 1>?99 35
3
,S
2, 055,544

8RT^4fi
l I S ’i m

236,74l
?P
i««o«

i

f

'297 27^003 284^43

Ir ’ S i

1

k* *c*'
^ ,S5S

.

i :S :8 l

5.«U3

Data for banks in each Central Beserve City, banks in other reserve c i t i e ^ ^ ^ t h e r r i o i t i i ~ t e r i k s 7 ”’ ';‘ ’ ""'

:
-X V
w
- r
U-S.bonds to secure circulation x- , 023
36*73 i t o ' lnlo o'
Other U.S.^onds inciuding
37> 3
57
^
10,392

s ^
G—

9U -

*

X' 978d

691

3?

S B

A lfo ih e r loans and invest-

2T
.

•

om m

47

65

* •* * *

^ ’ 016

O t b s r V s . bonds including
U -

S1

and

___________
-St.Louis Minn. :E^ns.Cy; Balias:San Fran T0tal

IT

U.S-boSa. to secure circxla-

bes ™

g

r

1

>m

i

s

:l
1 :s 7 k’ U h- ¥ i 3- I I 3,? :s S 6l p
e i
79,'Ho § ; 5 r |S:SS? 7 i S
1 7
X
K9s: i l

i

s

?

:

i

s

^

\:l$Z

Not earlier.

' Released t*r publication Sunday morning June 9, 1910

June 8, 1918.
STATEMENT FOR THE PRESS.

X-?JO

Gains in discounted bills held, offset in part by liquidation ®f Government
securities and accompanied by
slight increase in the Banks' gold reserves are
indicated in the Federal Reserve Board's weekly bank statement issued
close of business on June 7, 1918.
_
INVESTMENTS. Discounts on hand show an increase of 87.1 millions, New Yurk,
St.Louis and Philadelphia shewing the largest gains far the week. Of the total
•n hand -63.7 per cent, compared with 6?-.7 per cent the week before, is repre­
sented by member banks* collateral notes and customers’ paper sapgoMed by U.S.
war securities. Acceptances on hand show a further decrease of 7.8 millions,
mainly at the Chicago and lev/ York banlcs, U.S. security holdings decreased 49.6
millions due chiefly to ths redemption during the week of 60 millions of Treasury
certificates held by the New York bank. Total investments went up 29.4 millions
during the week.
DEPOSITS: Government deposits increased 13.7 millions,and member banks' re­
serve deposits - 9.1 millions. Net deposits show a decline of 10.2 millions.
RESERVES; Gold reserves increased 1 .4 and total cash reserves about 2
millions. New York reports large gains in reserves, mainly through transfers for
Government account of credits in the Gold Settlement Fund.
FEDERAL RESERVE CIRCULATION: Federal Reserve Agents report additional net
issues of 33.3 millions of Federal Reserve Notes. The actual note circulation cf
the banks increased 39.9 millions, of which 1.2 millions represents the increase
in Federal Reserve Bank note circulation reported by the Chicago and Kansas City
banks.
CAPITAL: Payments for Federal Reserve Bank stock by newly admitted members
accounts largely for an increase of $116,000 in paid-in capital reported by 11
banks.
CONDITION OF MEMBER BANKS MAY 31, 1918
Substantial gains in iattgfcidu&l demand deposits, accompanied by noderate
withdrawals of Government deposits, are indicated in the Board's weekly statement
showing condition on May 31, of 689 member banks and trust companies in about 100
leading cities. Treasury certificates of indebtedness on hand show a further ce
cline of almost 100 millions, the banks in the central reserve and in other re­
serve cities reporting about equal reductions in their holdings. U.S.bonds on
hand (exclusive of circulation bends, which show but slight changes from week to
week) increased about 17.4 millions, though the banks in the central reserve
cities report a decrease under this head of 2.9 millions. Loans secured by U.S.
war obligations went up by 20.5 millions, about 70 per cent of this increase being
the share of the Central reserve city banks. Other loans and investments of all
reporting banks gained about 10,5 millions. Of the total loans and investments,
the share of U .S. war securities and loans supported by such securities was 17.4
per cent as against 17.8 per cent the week before. For the central reserve city
banks this ratio works out at 22.5 per cent, and for the New York City banks at
25.2 per cent.
Net demand deposits of all reporting banks show a gain for the week of about
156 millifas, nearly all at central reserve city banks. Time deposits increasea br
over 10 millions, the New York banks alone reporting a gain under this head of ;
aDout 12.5 millions. The week saw net withdrawals ef 119.4 millions of Government
deposits, 77 millions representing the net withdrawals from the central reserve
city banks and 34.6 millions the net amount withdrawn from the banks in other re­
serve cities.
Aggregate reserves, all with the F.R.banks, declined 9.5 millions, the bank;3
in the central reserve cities showing a decrease of 6.75 millions, practically nc
change is shown for cash in vault.
Owing to the decrease of total investments and the simultaneous increa&e cf
total deposits the ratio of investments to tctal deposits of all reporting banks
shows a decline fr»m 111 to 110 per cent. For tne central reserve city banks a
much larger decline of this ratio from 109.2 to 106.9 per cent is noted. Similarly
the ratio of combined reserve and cash to deposits of all reporting banks declined
from 13.3 to 13.1 per cent, and for the central reserve city banks from 14.8 to
14.4 per cent. Total exceee reserves went down from about 80 millions to 50.4
millions. For the central reserve city banks a corresponding decline from 55.1

http://fraser.stlouisfed.org/
millions t<P 28.5 millions is shown^
Federal Reserve Bank of St. Louis

IP *
T 1e
'

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p’xb

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cat ion Sun da.y ino^n

f ? ? „ " * * *

* * w

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.

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«

m

V W * ,

L :L I

m

h&

co3d CO.In and certificates in vault
Jc - settlement fund, F.R. Board
1
'o c with foreign agencies
- io
Total. gold held by banks
uold with Federal Reserve Agents
Gold redemption fund
Total gold reserves

-_.A ^ 1 , P P 0

984,492,000
2Ug.qUg .000

1

a

i d

’ X-^DK non
’
UOO’ S
-

Total deductions from gross deposits
5> Bedecption fund against F.R. banknotes
£
All other resources
TOTAL RESOURCES
l i a b i l i t i e s
p

--

, 6

7 5

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

7

* 6

»

.

5

7

3

. ? o

o

g ^ s o ’ooo
855 000
1 7 m , 703/006

3,000
1^1^1^000

.f

37.693,000

1,301,390,C )0
X
358,612,000
*94,000
4,’811 ’ 000

1^

^

135.270.000
233,291,000
36,387,000
83,298,000
____ sij6l L £ D 0

30U.730.0GQ
JO^Sltt^OQO

^08,137,000

626,000

_______________ 438 ,000
3. 6s6,300,000
,

’

-- -

r

4

£

y j v yO ^
j

,

i

-

E

;

-

i

S

'

S

2

1,600,968,000
8,324,000
* 08b,300,000

'^

Q?r\
<
0
^

400,000

5,476.000

1 , 725,540 000

m

75.546,000
1Q ^
1

'

59 - p'
2
6l.fi$

_57,383,000

§5S.?,37? ?QQQ
1.153.730,000
54,842 -000
92,032,000
->J33.^°Q0

6 2 , 0 0 0

1,978,893,000
i

F. B* bank notes in circulation - net liability
All other liabilities

total l i a b i l i t y
Ratio of gold reserves to net deposit and F.R. note
liabilities combined
Ratio of total reserves to net deposit and F.R.
note liabilities combined
(a) Net amount due to other F.R. banks

,

13U 000
179 , 876,000

£
1,449,486,000
239,971.000
109, 560,000

’OOO

■

8Q7 ^ 7 000
1 ’975.709,000 1,051,511,000
^ 7 , 3^ 7,000
98, 021,000

‘
.

m s X~9^

r ^
31) 191S
Jwie 8, 1917
456,177>000
. 330,001,000
205,886,000
—
,914,000
535,837,000
955,919,000
% ,2 0 1 ,0 0 0
2,7 30 ,00 0

1,013,818,000

l 'w a CTx’nrih

h0? R?Q nn0
6x7 nnn
DJ>r,uuo
___
" *'
* N 3 .^oj

i n

Surplus
Government deposits
Due to members - Reserve account
Collection items
Other deposits including foreign Govt, credits
Total gross deposits




C IO ® OF b u s i e s :m m j,

cuSffS’ S S
iS ’ S r J J K
^ V o h ’ /vS

Dae from other F.R. banks; net
Uncollected it em
s
'

i t a l

bank, „

1 . 917. 826,000
— 5|d |1^20

Bills discounted for members and F.R. banks
-bills bought in open market
Total bills on hand
U.S.Government long-term securities
J* S*Government short-te nn securities
All other earning assets
Total earning assets

a p

b

l n v f ^ f ’o™
425,237.000
- 5 g » .m 0 0 0
953*2f
55*000
PK 5 ? ’n m
___ SL512LOOO

Legal tender notes, silver, ate.
Total reserves

C

^

57.0C0,G00
1,13^,000
______
228,125,000
775,771,000
181,321,000
_______ 1,000,000
m

^

.

s

t

-

o

o

o

, 48l’ 469>
000
* °y>r „
---L-JEfcjlQO
1>725,54o 0C0
fin =
*£

jk .6
^
*°
77 . 4j£

.■ for publication Sunday morning Jtaie 3, 191c.
?WEEKLY STATEMENT OF RESOURCES AND LIABILITI

Not earlier
OF EACH OF THE FEDERAL RESERVE BAHKS AT CLOSE OF BUSINESS J W E f ,
(In thousands of dollars.)
R E S O U R C E S
Boston
ew York Phila. Clevel. Richm. Atlanta Chicago.St.Louis.Minn. Kans.Cy. Dallas
Gold coin and certificates in vault. 2 909
33<S,171 9,234 21,628 6,370
6,740 28,756
1,905
8,404
83
5,675
Gold settlement fund,F.R.Board
72 [502
28,189 54,775 63,342 17,967
21,315 66,926 27,470 17,702 22,859
6,723
Gold with foreign agencies
-3,67.5 —16 »822-- ----- a„.725 1 . 837---___________________ 2.100
1 838.
2,100 2.625
Total gold held by banks
79,086 381,252 67,684 89,695 26,174
29,630 103,032 31,475 28,206 25,567 14,236
Gold with Federal Reserve Agents
6 3,037 246,807 87,912 116,873 32,669
32,857 166,667 40,555 34,400 36,858 19,122
Gold redemption fund
1 2 r500
..£,000
3.000
399
B72 - L 4 1 3 -2.223
l r7Q0 —^ .3 6 ? ____ ?.aZ. _ 1.256-.
Total gold reserves
144,123 640,559 158,596 206,967 59,415
63,960 271,922 73,730 64,993 63,217 34,614
Legal tender notes, silver, etc.
- ,A £9-- 4.V828___ 1-048
3
410
^71
94
3B9
2.288
--- 222- 5-025_ J.^325
_
Total reserves
146,612 684*387 159,644 207,377 59,786
64,669 277,117 75,055 65,087 63,606 36,902
Bills dis.for members & F.ILBanks 47,013 462,099 49,599 45,796 49,555
25,923 93,160 39,285 30,703 68,150 33,443
Bills bought in open market
21,811 .130,
_ A 3 8 0 26.151
5.959
2.375
600
720
Total bills on hand
68,824 592,679 72,713 55,849 53,067
30,303 119,311 45,244 33,078 68,750 34,163
U .S.Gov't. long-tern securities
616
1,347
25,283
7,800 1,233
730
7,090
2,233
3,981
1,845 8,865
U.S.Gov't.short-term securities
1,541
4,814
2,127
9,592 1,524
1,2 07
2,979
511
1,334 3,61 3
1,490
All other earning assets
___ 52
47
30
28
519
Total earning assets
70,981 622,776 76,187 73,341 55,824
32,292 129,427 48,018 36,285 81,228 40,153
Due from other F.R.banks, net
7,477 1,073
9,891
2,085
3,014 2,822
Uncollected items
31,398 55,306 29.369
- IL J 3 1 46>195 34,465 26,679
t,4t5 31,643 17,523
Total deduct.from gross deposits
25,031
7 5 ,1 .3 46,135 41,942 27,752
31,398 65,199 31,454 11,499 34,46 5 17,523
5$ Redeqp.fund against F.R.Barik
100
...
...
400
137
notes
All other resources
TOTAL RESOURCES
!42 ,624 1382,356 282,^,26 322,669143,36? 128,379 471,843 154,027 112 ,L 7 $ 7 9 ,6^9 94,715
» v *

L I A B I L I T I E S
Capital paid in
19,777
i ,474
6,939
8,557 3,815
Surplus
649
75
116
• ••
Government deposits
23,062
16,826 18,846 26,478 8,423
Due to members, reserve account
39,040 640,968 91,102 109,456 42,844
48,464 29,815 22,859 17,855
Collection items
15,920
Due to other F.R.Banks, net
22 14,385
228
%%*
*
• **
Other deposits including foreign
Government Credits
137
„XQ2 2
Ljt fi.
* ..
Total gross deposits
F.R.notes in actual circulation
107,327 536,764 135,004 154,347 70,016
F.R.bank notss in circul.,net liab.
All other liabilities
704
597
92
626
293

TM A L ^ J A J J L I g J g l bet„aeI, net



IP M l

9,771
3,034
40
216
10,334 15,766
34,652 181,909
19,897 20,576
3,627
' •*
16

2,136

3,627
,,,
18,797
46,118
20,298

104

56,748 23»,498 65,004
1,700
_____ 31
1J571 ____579

2,786 3,522
38
12,736 10,319
38,735 63,644
4,399 19,629
%%%
» «*
82

...

53,635 73,374
...
7,880
460 1,331

x-990b

1918
San.Fran
35,747
17,905
2.88856,540
80,498
. 122.
137,167
295
137,462
39,766
59,053
3,461
1,769
18
64,301
< *
•

19,635
19,635

Total
463,622
417,675
51.2BQ.
932,577
958,255
£8 , 4.31.
1919,263
56.46^.
1977,724
984,492
248.542
1233,034
64,484
32,601
694
1330,813
i 1 ,605
400,924
402,529
637

221,398

3711,703

<:,970

4,390

7,740
38,662
8,850
2,037

10,549
72,356
11,409
4,458

75 ,6o2
1,134
179,676
1449,**,$
239 ,971
* *

•■
*«
34,073

383
•£71 179 ,r9S 94.715
-

3,159
101,931
114,789

109,560
1978,89 3
1639,579
9,560
6 ,8 5 5

288
221,33*. a7 U , f 0 3

i or X 'b ica-ti on Sunday morning June
'X 't
j ;.:
STATEMENT OF FEDERAL
FEDERAL RESERVE NOTES
jceiv^d from Ccontroller
stuxned to Comptroller
ihargeable to F.R.Agent
i hands of F.R.Agent
[sued to F.R.Banks less
amount returned to F.R,
Agent for redemption

Boston

P.V 17 ...f. U
*
r
1 V
.

New York Phila.

t

X W

:x 990 c
a r*nr\'rTir,*iC*

i i U w O Jxv J L O

* *t

J x -a

• c :
• *

\ J .U \ J O jJ

Ox 3US1NES3 JUNE

(in thousands of dollars.)
Clevel. Richm.
Atlanta. Chicago

157, 44o sss,4go 197,360 197,260 109,260
3^5.82...199,741
32,128
16.247
21. 72g
126,857
l b ,600

&5S;-739
105,400

165,232

92,740
17.576

110,257

583,339

146,332

18,900

is i,o i 3

323,380
18 , 219,

305,161
44.320

191S.

St.Louis.Minn.

Kans-Cy. Dallas

92,200
,14,623
77,577
—8 ,.590

73,980
13,
60,401

104,700
17,459
87,241

J k f e

8,210

San Fran

Total

68,500

135,420 2,440,720
9,799
407,164
52,818 125,621 2 ,0 33 ,55 6
263,680
13,510.

15,682

15.240

87.532
7 HO
.1

75,364
I 6 , 5g5

165,773

80,42?

59,039

260,840 68,937

55,946

79,031

--

13,102

47,755
80,422

2,503
1,934
28,420
26.182
59,039

166,095
94,174
260,841

38,459
28,452
68,987

21,546
55,946

—
11,581
—
228,446
2,498
1,957
6,502
52,221
34,360
5,584
75,996
677,588
___ 1.5.?166.... 45,123____
7 9 , 0 5 1 3 4 , 2 8 8 125,621 1 ,7 ^9 ,87 6

52, 73 s

26,487

112,003

34,824

27,816

64,365

34,163

52, 0 1 5 1 , 193,629

79,031

34,228

125,621 1 , 769, *76

125,621 1 , 769,876

34,288

>LLATERAL HELD AS SECUBITY
FOR OUTSTANDING NOTES;
>ld coin and certif. on hand
>ld redenption fund
»ltt settlement fund,F.R.Board
igible paper, mimimum re^d.
Total
OUNT OF ELIGIBLE PAPER
DELIVERED TO F.R.AGENT

8 , 0C0

169,743

5,537

12,064

49,500
47,220

110,257
68,824

7,738
65,000 80,174
336,552
58,420
583,339 146,332

592,679

71,866

23,517
8,356
85,000
48,900

165,773
55,849

—
1,169

31,500

572

2,096

1,798

19,500

M E M O R A N D A
FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION.
R. notes outstanding
R. notes held by banks
F.B. notes in actual circul.

110,257 533,359
2,250- 36x515.
107,327 536,764

146,552
11,323
135,004

165,773

11,426
154,547

80,422
10.406

59,039 260,841

70,016

56,748 238,498

2.291

22.343

63,987
3- 925.
?

55,004

55,946
2,311

53,635

5 J m _____- 215
73^57^
3M 73

10,832 , 150,297

11^789

DISTRIBUTION OF BILLS, U .S . GOVERNMENT SHORT-TERM ? iCURITIES AND WARRANTS B¥ MATURITIES
Within 15 days
11s discounted and bought
S.Go^’ t. short term securities
nicipal warrants




729,429
3,043
%6

16 to 30 days

31

to 60 days

103,784

198,720

1 3 ,6 5 5

1,536

43

6l to 90 days

162,771
1,660
1

Over 90 days

Total

58,330

1,233,034

12,707

32,601

500

1 , 639!579

L UU X
L JLUii
Ul 2-Ut x
o m
I A g U v e 9 , l'*l??
Not earlier
X-990d
STATSSITT SHOWING PRII-TCIPAI RESOURCE A2JB LIABILITY
ITiaiS OF MEMBER MNIC3 LQGAIED IN CENTRAL RESERVE, RESERVE Aim OTHER
SELECTED CITIES Ai AT CLOSE OF BUSINESS MAY 3 1 , 191 s.
Data for all reporting: 'banks in each district.
(In thousands of dollars.)
Member banks
Boston Hew York
Phila.
Clevel. Richm. Atlanta Chicago St.Louis
Minn. Kans. Cy. Dallas
San Fran.
Total
Ho-reporting banks
*2
81
98
49
64
32
37
95
72
33
38
48
689
U.S.Bonds to secure
circulation
14, 62a
43,3*1
12,978
21*158
14,390
19.142 17.392
5*919
13 * 787 17»074 35J355
266* 524
Other U. S.bonds includ­
-

-t :
A

5 1 . 3

6 7

ing Liberty bonds
275,590 25,357 68,807 25,226 24,736
15,381
13,207
18,253
77,413 25,801
16,052
24,225
610,048
U.S.certificates of
indebtedness
30,772
762,004
39,124
12,127 18,4lS
3 2 ,3 %
55,292 20,642
15,768 14,970 32,181 1 , o4i„ fijs
9,177
Total U.S. securities
60,774 1 , 088,961 77,459 144,491
57.544
151,347
5S,57i
47,808
63,335
28,303
48,096
90,761 1 ,9 1 8 ,% 0
loans secured by U.S.
bonds, etc.
54,151
2S7 , 4o4 35.849
46,910
16,220
6,o4o
30,059 14,343
4,502
4,672
5,845
6,967
512,962
All other loans and
investments
635,7^3 942,889 316 , 2*3
265,944 1,342,098 375,213 235,341 459,205 162,311 489,784
10,004,162
Beserve with F»E. bank 66 , 7 S3
589.113
78,808
54,591
24,728
24,266 133,502 34,001
39,336
17,935
45,844 1,122,664
13,707
Cash in vault
24,765
U 9 .9 9 9
32,087
20,469
15,259
14,522
62,786
13,625
8,822
15,866 11,744 19,509
Net demand deposits
359,453
654,532 4,376,077 575,703 701,413 239,159
189,750 1,010,618 252,047 168,247 350,004 133,219 374,726
Time deposits
9 , 025,495
95,607
261,507 13,796 229,107 36,836
79,161
346,680
74,621
41,085
61,974
22,516 102,932 1,365,822
Government deposits
97,364
‘
74,633
31,030
14.704
77.614
-- ——---- = - --- =4 ^------ * ^9 y - _____________________________________________ CH.Ui'S ... 5.4,144, .._2iL£28 _ 2 £ L 3 m _ - 19*796- 2.3, 416.
- -V r 70,365
A
— 909,3*22 . Bata for banks in each Central Reserve City, banks in all other reserve cities and other reporting banks.
New York
Chicago St.Louis Total Cen.Res,Cities
Reserve Cities
Country Banks
Total
May 33--- May 24
May 31
fey 31--May 24
May 31
May 31- May 24
May 31- May 24
i%y 31- May 24
No. reporting banks
66
66
4o
1*20
422
.422
147
149
. 689
691
U.S.bonds to secure
circulation
37,023 1,443* 10*392
37,023
48, 858
48,858
170,457
172,547
45,209
46,133
266,524
265*448
Other U. S.bonds includ­
ing Liberty l^onds
2*3,866
256,026 44,713
19,248
307,827
310,767
236,741
252,588
45,187
49,633
610,048
U.S.certificates of
592,695
r
indebtedness
788,777
750,071
33,874
17,624
801,569
846,106
213,436
258,713 26,873
36,873
1 .041,878 1,141,692
Total U.S. securities 1 , 030,960 1 ,081,826
80,030
47,264 1 , 158,254 1,805,731
638,481
665,911 121,715 128,193 1,918,450 1,999,835
Loans secured by U.S.
bonds, etc.
259,889
247,885 17,690 11,776
289,355
275,003
194,418
188,983 29,189
28,455
512,962
492, 4*1
All other loans and
investments
3 , 676,070 3,688,897 813,974 266,441 4 , 756,493 4,760,467 4,486,467 4,447,328
761,202 785,885 10,004,162
Beserve with F.R,bank
561,886
571 , 01s 92,948
26,608
681,442
688, 19*
391,917
392,434
49.305
1 ,1 2 2 ,6 6 4
51,553
Cash in vault
106,766
112,111 37,953
7,315
152,034
157,307
173,}13
167.173
34.306
35,009
359,453
Net demand deposits
4,070,986 3,920,053 678,725
179,500 4,929,211 * , 779,606 3 ,4 84 ,33 4 3,463,785 611,950 626,151 9,025,495
8 , 869,542
Time deposits
218,467
206,000 130,252
54,252
1J02.971
391,405
796,127
738,666 166,724 17*, 675
1 , 365,822 1,354,746
Government deposits
362,136
424,103
62,472
45,357
469,965
5 *6,940
384,625
* 19,268
54,722
62,530
909,312 1,028,73*
9

, 9

9

3

, 6

8

0

1

, 1

3

2

, 1

8

1

9

, 4

8

9

3

i




5

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