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S t . 453
STATELCm: IDF; THE PRESS
Released f o r p u b l i c a t i o n
Sunday m o r n i n g , J u n e 2 9 , 1919!
No u e a r l i e r .

F e d e r a l R e s e r v e Board
J u n e 28, 1919.

FEDERAL RESERVE BANK STATEMENT
C o n t i n u e d w i t h d r a w a l s of Government d e p o s i t s and l i q u i d a t i o n of war p a p e r , a s
a g a i n s t s u b s t a n t i a l g a i n s i n o c h e r d i s c o u n t s and a c c e p t a n c e s on h a n d , a r e i n d i c a t e d
"by t h e F e d e r a l R e s e r v e Board* s weekly bank s t a t e m e n t i s s u e d a s a t c l o s e of "business
on J u n e 2%, 1919*

Gold r e s e r v e s show a d e c l i n e of 17*9 m i l l i o n s f o r t h e week and

of about 54 m i l l i o n s s i n c e June 6, t h e F r i d a y p r e c e d i n g t h e d a t e of removal of t h e
g o l d embargo ,

F e d e r a l R e s e r v e n o t e s i n c i r c u l a t i o n resumed t h e i r upward c o u r s e ,

t h e i n c r e a s e f o r t h e week b e i n g 10*9 m i l l i o n s «
As a g a i n s t a d e c r e a s e of 42*4 m i l l i o n s i n t h e h o l d i n g s of war p a p e r t h e s t a t e ment shows i n c r e a s e s of about 29 m i l l i o n s i n o t h e r d i s c o u n t s and of 29 *& m i l l i o n s
i n a c c e p t a n c e s on hand*

C o n s i d e r a b l e p u r c h a s e s of a c c e p t a n c e s f r o m member banks

a r e r e p o r t e d by t h e New York hank b o t h f o r i t s own a c c o u n t and t h e account of o t h e r
R e s e r v e banks % An i n c r e a s e of 2 , 2 m i l l i o n s i n T r e a s u r y c e r t i f i c a t e s i s accompanied
by an i n c r e a s e of 3 . 4 m i l l i o n s i n t h e banks 1 a g g r e g a t e l i a b i l i t i e s on F e d e r a l Res e r v e bank n o t e s i n c i r c u l a t i o n .

T o t a l e a r n i n g a s s e t s show an i n c r e a s e f o r t h e week

of 12*6 m i l l i o n s ,
Net w i t h d r a w a l s of Government f u n d s f o r t h e week t o t a l e d £7*9 m i l l i o n s *
Member banks 1 r e s e r v e d e p o s i t s show a g a i n of 64 *4 m i l l i o n s , w h i l e t h e " f l o a t , T
c a r r i e d by t h e R e s e r v e b a n k s d e c l i n e d l 4 » 5 m i l l i o n s .

Other d e p o s i t s , i n c l u d i n g

f o r e i g n government c r e d i t s , l i k e w i s e show a c o n s i d e r a b l e d e c r e a s e f o r t h e week, t h e
r e s u l t of t h e s e c h a n g e s b e i n g a d e c r e a s e i n n e t d e p o s i t s

20,6 millions*

banks 1 r e s e r v e r a t i o shows a d e c l i n e f o r t h e week f r o m ^2*5 to ^2*1 p e r c e n t -




The

R e l e a s e d f o r p u b l i c a t i o n Sunday morning Juno 29, 1919> not e a r l i e r
gt .4-63a
CTAT3£E1TT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUNE 2 7 , 19 1 9R E S O U R C E S
r: .. 2> l " i c
J u n e 20, i q i q
Juno 2: , l')lc
Gold c o i n and c e r t i f i c a t e s
? 31^713 >,000
$3X2,676,000
$ 419,907,000
C.old c o t t l c ^ c n t pizid - F»R,Board
5S / ,046,000
5SI '233 'COO
Ugi ^25,'000
Gold witli f o r e i g n , agon;
16,275,000
Total, gold h e l d by b a n k s
911 , l o l ,000
513 ,914 ,000
927,607 ,000
Gold w i t h F3de.-al Reserve Agents
1,113,524,000
1,127,21S,COO
957,570,000
ledeaption j m d
122,/79,000
.
124 ^505 000
—
33,5^4.000
t
$2 ,1^7,734, 0 0 0
To t i l s o l d r e s e r v e s
*2 , 1 4 7 , 7 5 4 ,000
r —
2,165,725,000 1 ^ % 0 2 1 ^ 0 0
000
06 , 4 7 2 ,,000
I,egal tender n o t s s , s i l v e r , e t c .
6^,73^,000
57,^7^,300
2 21b 256,000
Total reserves
2 ,, 2 1 6 ;,, 25b,000
2 , 2 3 4 , 4 ^ 9 , 0 0 0 FTOOhJ^'.TRXT
B i

l l

s d i !

o o ^ d ( ™

0

« » . » . . a

I

o

t l

i

4

a

t i

o n s

?

^

^

ioOO

**'**'""
U- S. Government bonds
U . S . , Victory n o t e s
U- S. C e r t i f i c a t e s of i n d e b t e d n e s s
A l l other earning a s s e t s
Total e a r n i n g a s s e t s
Bank p r e m i s e s
U n c o l l e c t e d i t e m s and other deductions f r a n g r o s s d e p o s i t s
5 i Redemption f u n d a g a i n s t F,R„ b a n k n o t e s
A l l 0 tker r e s o u r c e s
TOTAL RESOURCES
L I A B I L I T I E S
Capital p a i d - i n
Surplus
Goverrnient d e p o s i t s
Due to members - Reserve account
Deferred a v a i l a b i l i t y i t e m s
Other d e p o s i t s , i n c l u d i n g f o r e i g n government . c r e d i t s
Total g r o s s d e p o s i t s
F- R. n o t e s i n a c t u a l c i r c u l a t i o n
F. R. b a n k n o t e s i n c i r c u l a t i o n - n e t l i a b i l i t y
A l l other l i a b i l i t i e s
"
TOTAL LIABILITIES
R a t i o of t o t a l r e s e r v e s t o n e t d e p o s i t and F-R- n o t e
l i a b i l i t i e s combined
Ratio of gold reserves, to F»R. n o t e s i n c i r c u l a t i o n
a f t e r s e t t i n g aside 3 % against net deposit l i a b i l i t i e s




•

.

a . « a ,5:8,GOO - ^ L o o o
2 ,122 , 5 ? . « »
27 ,,1 ^ 0 ,, 0 0 0
27 130 000
335,000

^ 4 l ^ C
204 ,,lOll ,,000
^04 10, 000
„

2 ,354 , 1 1 . 7 , 0 0 0
3 v^, 1^7,000
1 1 . 2 - 7I. 0 0' 0 1
>

656 ,,063,coo
o ^ j j ,CuC
9 ,,714,000
?l4,00v
10 > ;51,CC0
10 ,
5 ,,255 ,,005 , ,000
255 005 000

ti

5

•

^
73,ol4,000
1,713 ,030,000
53^",
»^00
115,^93 ,000

:

1

,

0

o

''

52 7 6 4 , 0 0 0
5 2 ,,764,000
4c ,466,000
4m,4oo,C00

^
o krr'' ^ ' m n
' ^'''^0,
/,( ' ^ '
.
005,000

'
r

27,131,000
'
201,553,000
2 - ,3Ul ,523,000
6 , 0 0 0
54,2 ,157 ,000
o 053,000
11,192,000
5,^55 ^50,000
52,75^,000
Uo ,466,000

l o l ,495 ,000
1,645,630,000
652,097,000
127 ,264 ,000

!

°

* i n c l u d e s one-year treasury n o t e s -

4^ S

2,619,456,000
2,455,253,000
173,775,000
4l,7i4,C00
5,455,450,000
52-5 %
^
°'+ 5 ^

#

£00
#

#

40,22,,000
^
21u ,v3 y
21,000
1 ,345,112,000
320,057,000
'735'.000

V

3,272,133,000
75,555,000
1,134,000
5 4 5 3 5 ] 000
1,557,557,000
256,302,000
121,452 .000
2,04g ,906,000
1,722,216,000
10,390,000
12.629.000
3,572,133,000
Si. J

eg l e a s e d f o r p u b l i c a t i o n Sunday morning June 29, I919; n o t e a r l i e r . .
WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUNE 27, I 9 I 9 .

s t ,463b

R E S O U R C E S

wwmwwwwwwiwwwm

Boston New York
Gold c o i n and c e r t i f i c a t e s
3,626
210,322
Gold s e t t l e m e n t Fund - F-R-Board _3^>5_36
255,520

$

e

£

E

™

( I n t h o u s a n d s of d o l l a r s )
„
•
p h i l a . Q l e v e l . R i c h n . A t l a n t a Chicago S t . L o u i s Minn- Kans-Cy- D a l l a s San F r a n . T o t a l
419 3 6 , ISO
2,198
7 , 9 3 9 23,367
3,794
5,394
94
7 , 4 2 0 10,362
314,135
4 2 , 6 6 2 3 0 , 9 6 2 24,365 11,295 91,909 23,07 5 24 5C9 29,607
6 , 9 2 2 22,644
5Q7' 046

E

toto.1 g o l d r e s e r v e s Legal tenaer n o t e s , s i l v e r , e t c .
Bill^disSSt-dS "

7 8 2 , 9 8 2 124,622 123,462
51,541
251
93&
^ , 5 2 3 124,673 164,400

67,215
452
67,667

67,325^04,093
1,526
1,109
68,853 405,302

54,556
3.-050
87^906

73,305
103
73,406

71,069
237
71,306

33 , 573 146,749 2 , 1 4 7 , 7 6 4
1,997
225
6% hyp
35,^570 146,974 2 , 2 • J 7 S " 6 ~

.144,720

Secured by Government war
o b l i g a t i o n s (a)
-

100,533
7,041
115
•5^

567,632 173 , 957 1 1 9 , 7 6 s

73,3^9

7 1 , 8 1 9 200,427

56,405

39,110

44,662

26,494

bAS

m

kfi
t 8

' &

4

£

i

9

53,140 1,573,463

1 ^

%

"i — i
5f^topuS™md°a;aSt

S l t 3

""

^ . ^ 2

F . R . bank n o t e s
All other resources
TOTAL RESOURCES

546
314

M

-il

175,776

6s,ISO

55,322

54,036

26,953

76,149

1.3,555

15,026

55, 172

19,397

39,255

6=6,063

1,544
2,9^2

1,075
994

S59
902

44s
723

509
371

1,626
1,612

659
50S

3i4
150

730
454

396
703

4os
515

9 7l4
10*551

3 7 1 , 0 1 5 1 , 5 0 6 , 2 4 9 4 o 4 , 9 l 6 4 2 4 , 5 7 9 226,779 203,649 779,327 224,554 159,015 237,496 120,416 3 29,350 5 , 2 5 5 , 0 0 5
MEMORANDA

(a) i n c l u d e s b i l l s d i s c o u n t e d
f o r other F.R.banks, v i z t -

-

(b) i n c l u d e s b a n k e r s ' a c c e p t a n c e s bought from o t h e r
F.R. banks With t h e i r endorsement
Without t h e i r endor scan en t

-




.
-

5,062

-

-

23,750

-

-

-

-

-

64,122

-

9,735

-

25,000

„
.

-

„
.

122,607

_
_
.

_
27,456

^ q^2
27*456

Released f o r p u b l i c a t i o n Sunday morning Jane 29, 1919, not e a r l i e r .
WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUNE 27, I 9 I 9 .
( i n thousands of d o l l a r s * )

St .46J c

L I A B I L I T I E S
Bo ston
Capital p a i d - i n
6,877
Surplus — — —
— —
—
2,996
Government d e p o s i t s
11,332
Due to members - Reserve account 106, 6?5
Deferred a v a i l a b i l i t y items
45,330
A l l other d e p o s i t s
•1,793
%$c*. T o t a l g r o s s d e p o s i t s
165,080
F . R . n o t e s i n a c t u a l c i r c u l a t i o n 176,159
F,R,bank n o t e s i n c i r c u l a t i o n net l i a b i l i t y
16,760
A l l other l i a b i l i t i e s
3,143
TOTAL LIABILITIES

New york phi l a .

Clevol.

pichm. A t l a n t a Chicago s t - L o u i s Minn. Kans.Cy• D a l l a s San Fran.

21,445
4,205
7,651
9,233
21,117
2,608
2,196
3,552
15,363 10,680
4,297
5,387
730,272 100,213 123,903 51,156
126, 2b 8 5^,473 48,942 * , 9 3 5
103,869 - 1 , 2 2 9 — 253.
109
975,773 166,595 178,485 102,497

3 , 2 4 7 11,453
6,416
1,510
4,942
3,95.9
44,997 236,012
21,828 6 8 , 7 8 1
2,528
107
71,274 311,280

82,764
4,774
3,866
3,011
3,240
3,762
2,44a
1,184
49,466
1,603
1,415
2,421
4,852
3,is4
73,614
2,522
6,502
552
s
1,713,030
55,762 5 i : 0 5 1 £0,735 43,553
5 , 715
5:4,^20
3 5 , 6 8 4 10,662 3 5 , 3 0 9 15,613 24,535
4 , yj4
ix4
54O
115.693
• 372
259
9 9 , 8 6 8 " 6 5 , 2 7 5 1 2 2 , 8 1 1 "~597sbsr 1 * 7 , 5 ^ 2,43-6,757

737,437 203,703 214,663 109,630 115,662 4 2 1 , 6 7 2 102,860
35,1^3
15,329

20,788
3,571

15,895
3,051

6,148
2,103

9,707
1,649

24,461
4,045

82,032

93,677

5,975
1,310

12,393
2,432

15,196
1,491

4 6 , 9 3 7 194,7^8 2 , 4 9 9 , 1 2 0
7,695
1,492

7,024
3 , o4o

F„ R» n o t e s o u t s t a n d i n g
18.1,902
F . R. n o t e s h e l d by bank
5<743
F . R . n o t e s i n a c t u a l c i r c u l a t i o n 176,159

MEMORANDA

57,967

55,000

9,640

122,607
5,062

FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION
218,788 213,112 226,357 113,676 120,793 4 5 3 , 3 7 2 116,623 24,547 100,490
sif35l
9 , 4 0 9 11,694
4.046
5,137 3 1 , 7 0 0 13,763
2,515
6,213
7 3 7 7 5 7 203,703 2 1 4 , 6 b j 109,b30 115,bo2 4 2 1 , 0 / 2 102, Sod 2 2 , 0 3 2 93,677

4 8 , 5 2 9 216,445 2 , 6 9 4 , 6 4 0
1 , 5 9 2 21,697
195,460
46,937 194,748 2 , 4 9 9 , 1 2 0

DISTRIBUTION OF BILLS AND U-S» CERTIFICATES OF INDEBTEEHESS BY MATURITIES.




177,125
42,656

3 7 1 , 0 1 5 1 , 8 0 6 , 2 4 9 4o4,916 424,87 9 226,779 203,649 779,327 224,884 159,018 237,4-96 1 2 0 , 4 i 6 3 2 9 , 3 2 0 5 , 2 2 2 , 0 0 2

Contingent l i a b i l i t y a s endorser on Discounted paper red! sccunted
wi t h o t h e r p.. p . banks
Bankers' a c c e p t a n c e s sold to
other F„R, banks — —
——
5> 062

B i l l s discounted
B i l l s bought i n open market
U . S . c e r t i f i c a t e s of indebtedness

Total

Within 15 days
1,484,822
75,449
25,279

16 to 3 0 days
123,334
64,136
494

3 1 to 60 days
122,023
113,329
4,092

6 l t o 90 days
56,531
51,524
l4,o4o

Over 90 days
31,270
160,199

To t a l
1,818,040
304,558
204,104

R e l e a s e d f o r p u b l i c a t i o n Sunday morning June 29, 19195 not e a r l i e r

St .463 d

STATEMENT OF FEDERAL EE SERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS JUNE 27, 1919( i n thousands of d o l l a r s . )
Boston

New york

phila. Clevel,

^
Receivod^frm^Comptroller
Returned to comptroller
Chargeable to F.B.Agent
Hi bands of p . R. Agent

205, 802
23,900

959,788 2^1,192 259,177 142,944 181,088 4 7 6 , 4 ^ 2 135,1^3

99,787 114,290

70,104 2 2 ^ 6 4 5 3, l O ^ f T Z ^

l41,000

15,240

21,575

28,080

3 2,820

181,902

818,788 213,112 226,357

COLLATERAL SECURITY FOR
OUTSTANDING- NOTES:
Gold c o i n and c e r t i f i c a t e s on
hand
Gold redemption f u n d
Gold s e t t l e m e n t Fund - F.R,Board
E l i g i b l e paper, minimum r e q u i r e d

11,135
46,000
124,76?

183,740
9,125
8 , 5 7 1 i o , 3 i 6 11,385
100,000 57,889 9 5 , 0 0 0
526,477 144,907 110,847

181,902
173,354

AMOUNT OF ELIGIBLE PAPER
DELIVERED TO F . R. A G E N T — ~




Total
"7560

3 2 1 , 0 8 0 1 , 6 0 1 , 9 5 0 3 9 6 , 9 8 0 3 5 7 , 1 0 0 225,620 234,000 6 2 5 , 2 0 0 202,920 134,380 167,500 103,9^0 2 8 ^ 4 0 4 , 6 5 6 ^ 6 ©
H5.27S
642,192 155,788 97,923 82,676 5 2 , 9 1 2 148,748 67,777 3 4 , 5 9 3 5 3 , 2 1 0 3 3 , 8 5 o b3,895 1 , 5 4 8 , g 4 g

I s s u e d to F,R» bank l e s s amount
r e t u r n e d to F.R.Agent f o r
redemption
—

Total

Richn. A t l a n t a Chicago s t . L o u i s Minn. Kans.Cy* D a l l a s san Fran.
®

29,268

60,289

23,080

18,520

113,676 120,799 4 5 3 , 3 7 2 116,623

13,800

5,200

412,772

84,547 100,490

4 8 , 5 2 9 216,445 2 , 6 9 4 , 6 4 0

13,052
2,729
20,800
47,966

1,753
23,360
75,377

11,581
219,998
81,024
2 , 6 3 9 15,607
l , 6 o 4 97,294
812,802
3 2 , 6 2 5 103,544 1 , 5 8 0 , 8 1 6

818,788 213,112 226,357 113,676 120,799 4 5 3 , 3 7 2 116,623

84,547 100,490

4 8 , 5 2 9 216,445 2 , 6 9 4 , 6 4 0

721,939 149,503 161,133

59,99 2

2,090
30,000
81,586

93,340

2,500
3,16s
8,333
3 7 , 0 0 0 253,344
7 8 , 1 3 1 191,695

84,250 262,625

3,298
50,431
62,894

66,339

/ z z i

&:

y

J?*-"

93,655

5 3 , 5 7 4 114,463 2 , 0 3 4 , 4 6 7

^

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