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R e l e a s e d f o r p u b l i c a t i o n Sunday m o r n i n g June 8, 1919; n o t e a r l i e r .

St .423

STATEtvIENT FOR THE PRESSJ u n e 7 , I919•
Aggregate r e d u c t i o n s of 1 8 1 . 9 sail l i o n s i n war p a p e r h o l d i n g s , i n conn e c t i o n w i t h t h e r e d e m p t i o n of T r e a s u r y c e r t i f i c a t e s due J m e 3,a-re i n d i c a t e d
i n t h e F e d e r a l R e s e r v e B o a r d ' 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
b u s i n e s s on J u n e 6 , 193-9«
Other d i s c o u n t s on hand i n c r e a s e d j> .6 m i l l i o n s , and a c c e p t a n c e h o l d i n g s 1U.7 m i l l i o n s ,

War p a p e r h e l d u n d e r r e d i s c o u n t f o r o t h e r F e d e r a l Reserve b a n k s

i n c r e a s e d from 112 *9 t o 1 1 5 . 2 m i l l i o n s , w u i l e s i m i l a r h o l d i n g s of a c c e p t a n c e s
i.e.

bank a c c e p t a n c e s p u r c h a s e d f r o m o t h e r F e d e r a l R e s e r v e b a n k s , -,dtu t h e

latter's

e n d o r s e m e n t d e c l i n e d from $o$8,000 t o $ 100,000 -

The t o t a l of

a c c e p t a n c e s on h a n d i n c l u d e s a l s o 2 1 . 3 m i l l i o n s ox bank a c c e p t a n c e s p u r c h a s e d
f r o m o t h e r F e d e r a l R e s e r v e b a n k s w i t h o u t t h e l a t t e r 1s e n a o r s e m e n t .
of 2 5 . 8 m i l l i o n s i n

An i n c r e a s e

. T r e a s u r y c e r t i f i c a t e s on hand r e p r e s e n t s l a r g e l y t e m p o r a r y

c e r t i f i c a t e s i s s u e d t o 5 R e s e r v e b a n k s t o cover a d v a n c e s to t h e Government
p e n d i n g r e c e i p t of f u n d s f r o m d e p o s i t a r y i n s t i t u t i o n s and t o a l e s s e r e x t e n t one-year 2 per cent c e r t i f i c a t e s deposited w i t h the
Reserve bank n o t e c i r c u l a t i o n .

Treasury to secure Federal

T o t a l i n v e s t m e n t s show a

dec-ease f o r the

week of 137 *6 m i l l i o n s .
Heavy w i t h d r a w a l s of Government f u n d s r e d u c e d t h e b a l a n c e t o t h e c r e d i t
of t h e Government by 115-4 m i l l i o n s , w n i l e members' r e servo do-posits show a
g a i n f o r t h e week of 4g m i l l i o n s .

Net d e p o s i t s show a decline of 11C .8

m i l l i o n s , w h i l e F e d e r a l Reserve n o t e s i n c i r c u l a t i o n f e l l o f f 6 0 m i l l i o n s .
On t h e o t h e r h a n d t h e b a n k s ' c a s h r e s e r v e s ,

owing l a r g e l y t o t h e c o n s i d e r a b l e

d e p o s i t s of g o l d by the Government a n d the p u r c h a s e cf g o l d i m p o r t e d from
Canada, i n c r e a s e d by 15«2 m i l l i o n s .

As the r e s u l t t h e r e s e r v e p e r c e n t a g e of

t h e banks shows a r i s e f o r t h e wee,, from 51-8 t o 5 ) . 7 p e r c e n t .




St .423a
R e l e a s e d f o r p u b l i c a t i o n Sunday i m r n i n g June 8 , 1919j n o t e a r l i e r .
STATEMENT OF COMBIBED RESOURCES JED LIABILITIES OF THE TWELVE FEDERAL RESERVE EAL-JI: AT CLOSE OF BUSINESS JUHE 6, 1919-'.
J u n e 7 . 191S
May 29. 1919
R E S O U R C E S
. . .
Jirne 6, 1919
$463,622,000
$346,618,000
Gold c o i n and c e r t i f i c a t e s
>
$35^,965,000
417,675,000
586,742,000
Gold S e t t l e m e n t Fund - F . R. Board
581,055,000
51,280,000
Gold w i t h f o r e i g n a g e n c i e s
932,577,000
93b ,024,000
933,360,000
T o t a l g o l d h e l d "by "banks
955,255,000
1,131,725,000
Gold w i t h F e d e r a l R e s e r v e Agents
1,139,503,000
28,431,000
122,658,000
126,272,000
Gold Redemption Fund
1,919,263,000
2,187,7^3,000
2,201,804,000
Total gold reserves
5 8 , 4 6 i ,000
. - 67,363,000
Legal tender n o t e s , s i l v e r , e t c .
62,539,000
1,977,72^,000
2,255,106,000
2,270,343,000
Total reserves
627,025,000
1,802,893,000
( S e c u r e d by Govt. war o b l i g a t i o n s
1,620,994,000
B i l l s discounted ( M 1 o t h e r
357,467,000
186 ,499,000
190,130,000
248,542,000
183,650,000
B i l l s "bought i n open market
192,307,000
1,23^,p34,000
2,173,042,000
2,009,431,000
T o t a l " b i l l s on h a n d
64,484,000
27,131,000
27,129,000
U. S . Government "bonds
83,000
U . S. V i c t o r y n o t e s
333,000
*32,601,000
201,800,000
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
227,5.53,000
694,000
A l l o t h e r earning a s s e t s
1,330,813,000
2,402,056,000
272£T,imC000
Total earning a s s e t s
10,986,000
10,986,000
Bank p r e m i s e s
402,529,000
34,639,000
U n c o l l e c t e d items and o t h e r deductions from g r o s s d e p o s i t s
650,757,000
637,000
8,963,000
8,S6S,000
5fo Redemption Fund a g a i n s t F . R. bank n o t e s
10,035,000
10,042,000
All other resources
5,321,725,000
3,711,703,000
5,215,442,000
TOTAL RESOURCES
L I A B I L I T I E S
75,662,000
82,589,000
Capital paid in
52,652,000
1,134,000
49,466,000
Surplus
49,466,000
175 ,376 >000
141,479,000
Government d e p o s i t s
26,058,000
1,449,486,000
1,656,118,000
Due t o members - r e s e r v e account
1,705,104,000
239,971,000
517,638,000
Deferred a v a i l a b i l i t y items
497,349,000
109.560,000
150,324,000
O t h e r d e p o s i t s , i n c l u d i n g f o r e i g n government c r e d i t s
134,364,000
1,978,893,000
2,465,559,000
Total gross deposits
2,362,875,000
1,639,579,000
2,515,292,000
F . R. n o t e s i n a c t u a l c i r c u l a t i o n
2,513,037,000
9,580,000
16s,427,000
165,246,000
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
6,855,000
36,452,000
38,166,000
All other l i a b i l i t i e s
3,711,703,000
5,321,725,000
5,215,442,000
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.
61.5$
51
n o t e l i a b i l i t i e s combined
53 - I f *
R a t i o of g o l d r e s e r v e s to F . R. n o t e s i n c i r c u l a t i o n
6 4 . 1%
a f t e r s e t t i n g a s i d e 35/= a g a i n s t n e t d e p o s i t l i a b i l i t i e s
6 6 . 5 I fl
^
'"Includes one-year Treasury n o t e s

s


St .423 b
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 8, I 9 I 9 ; n o t e a r l i e r .
WEEKLY STATEMENT OF EE SOURCES Jllffi LIABILITIES OF THE FEDERAL RESERVE BAEKS AT CLOSE OF BUSI1IESS JUHE 6, 19 2-9 •
R E S O U R C E S
( i n t h o u s a n d s of d o l l a r s . )
Boston Mew York p h i la* C l e v e l *
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
7,269
9,599 3 5 4 , 9 6 9
Gold c o i n and c e r t i f i c a t e s
3 , SSI
263., 578
502 2 4 , 5 1 0
2,124
7,927 23,253
3,859
5,321
106
6,256 19,920 5 8 1 , 0 5 5
Gold s e t t l e m e n t Fund - F . R . B o a r d 3 7 , 5 9 2
192,4?4 4 7 , 0 4 ] 5 5 , 4 l 4 21,626
6,977 112,260 18,158 25,17% 3 8 , l 6 l
936,024
T o t a l g o l d h o l d by b a n k s
41,4?)
4 5 6 , 0 5 2 4 7 , 5 4 5 7 9 , 9 2 4 2 3 , 7 5 0 1 ^ 9 0 4 135,553 22,01? 3 3 , 4 9 5 32,267 13,525 29,519
Gold w i t h F e d e r a l R e s e r v e Agonts 5^,279
285,268 75,259 132,, W
3 2 , 9 6 0 49,597 245,326 58,573 3 8,617 2 8 , 5 6 1 16,264 118,957 1 , 1 3 9 , 5 0 8
126.272
961
2.648
Gold r e d e m p t i o n f u n d
16,645
24,829
8.43 5
243 I 0 , l 4 4
6 . 5 8 4 31.436
4.558
6 . 6 2 6 13.163
32,437 149,437 2 , 2 0 1 , 8 0 4
T o t a l gold r e s e r v e s
112,397
7 6 6 , 1 % 131,239 213,0l4 66,854 71,085 415,315 85, i 4 s 78,738 7 9 , 9 9 1
381
2,043,
£&h53-9
Legal tender n o t e s , s i l v e r , e t c . 7.084
51. SAP
275
1.104
399
1,438 . 1.325
2,3^7
94
l4q
3 4 , 4 8 0 149,818 2 , 2 7 0 , 3 4 3
Total reserves
119,481
818,039 131,51% 214,118 6 7 , 2 5 3 72,523 4 l 6 , 6 4 o 8 7 , 5 0 5 7 8 , 8 3 2 80, l40
B i l l s discounted:
Secured by Government war
o b l i g a t i o n s (a)
133,197
63.4,66l 160,810 118,393 7 6 , 1 3 2 6 4 , 6 4 ? 195,120 5 3 , 9 5 6 4 4 , 0 3 0 4 7 , 7 0 4 27,074 6 5 , 2 7 0 l , 620,99%
190,130
All other
4,992
3 8 , 9 ^ 9 13,900
6 , l l 4 12,138 13,174 16,197
9,567
3 , 3 5 9 34,343. 25,353 11,544
, , 6 1 3 49.156
B i l l s bought i n open m a r k e t ( b ) - „ I j M l
51.779
972 2 0 . 1 3 2
7,393
5 . 3 8 2 32.77b
5.360
7.l4?
' • l6q
T o t a l b i l l s on h a n d
155,622
725,389 175,682 144,639 9 5 , 6 6 3 83 , 2 0 3 ^ 4 4 ^ 0 9 3 6 8 , 8 8 3 " 5 5 , 0 3 1 82,21b 5 3 , 0 4 0 125,970
27,129
2,633
3,966
U» S. Government bonds
539
1,302
1,385
1,083
1,234
375
4,476
1,153
116
8,867
333
U. S. V i c t o r y n o t e s
29
50
8
246
227,553
4,900 12,845
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 17,916
6 6 , 1 4 0 25,680 16,976
9 , 1 6 0 10,549 22,612 1 9 , 1 8 2
9 , 7 1 0 11.883,
Total earning a s s e t s
17^166
7 9 2 , 8 2 1 202,7^7 162,b98 106,057 9 4 , 1 3 5 2 7 1 , 1 8 1 8 9 , 2 1 8 6 5 , 1 0 3 102,966" 6 1 , 9 0 6 141,448 2,264,445
10,986
400
221
Bank p r e m i s e s
800
3,782
500
875
3 12
218
2,936
54l
401
U n c o l l e c t e d i t e m s and o t h e r d e 650,757
ductions from g r o s s deposits— 53,b99
162,255 61,674 48,462 60,073 33,868 71,351 46,052 12,633 %9,S%7 2 3 , 6 4 s 27,095
% Redemption f u n d a g a i n s t F . R .
8,668
4os
banknotes
844
1,752
1,025
774
l64
1,480
575
289
707
579
10,042
74o
755
All other resources
421
2,911
913
822
755
351
1,331
441
244
358
TOTAL RESOURCES
349,351 1,781,620 398,373 427,7^9 234,614 201,5,65 764,919 224,332 157,101 234,519 121,374 3 1 9 , 9 2 5 5 , 2 1 5 , 4 4 2
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
for other F.R.banks,viz

-

-

(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 f r a n o t h e r F . R . b a n k s With t h e i r endorsement
Without t h e i r endorsement—

-

-




29,781

100

-

-

-

-

-

-

49,45s

-

12,000

-

24,000

-

115,239

21,91b

100
21,916

St.423

R e l e a s e d f o r p u b l i c a t i o n Sunday m q r n i n g June 8, 1$!$; n o t e a r l i e r .
TEEKLY STATEMENT OF RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUHE 6 , 1919'
( i n t h o u s a n d s of d o l l a r s * )
L I A B I L I T I E S
Boston New York p M i a c l a v e 1. Richn* A t l a n t a
Capital paid-in
6,877
21,3^
7 ,&32
9 ? 225
4, 209
3,244
Surplus
2,95b
21,117
2,600
3*J)$2
2,19b
1,310
Goverment deposits
6l
5,195
440
3,506
1,572
562
Due t o m e n o s r s - R e s e r v e a c c o u n t 101,557
730,129 l C 6 , 2 l 4 130,763 5?, 2C4 4 6 , 6 3 6
r e f e r r e d a v a i l a b i l i t y items
43,4^7
116,959 5 1 , 1 2 2 44,217 50,900 2 3 , 1 5 8
All oiher deposits
, 1.-556
118.557
730
*c6
304
293
T o t a l g r o s s demo s i t s
14b", 6 6 1
954,446 158,506 178,992 105,586 7 0 , 6 4 9
F.R«note3 i n a c t u a l c i r c u l a t i o n - 173,771
736,674 207,352 2 1 8 , 0 9 4 114,780 115,569
IMLBaaii: n o t e s i n c i r c u l a t i o n net liability
16.208
34,317 1 9 , 1 0 1 15,237
5>564
9,13 0
All other l i a b i l i t i e s
2*515
13.688
3 , 3 ? 4 . 2.64?
J.,87?
1,462
TOTAL LIABILITIES
3 4 9 , 3 5 1 1 , 7 3 1 , 6 2 0 395,373 4 2 7 , 7 4 9 234,614 2 0 1 , 5 6 5

Chicago s t * L o u i s
11,442
3,^5
6,416
l,bu)
5>01
1,458
235,7 ^0 6 0 , 3 5 9
55,349 3 6 , 8 8 8
2.6*7
882
299,137 99,557
421,o4b 103 , 909

Minn* Kans*Cy* D a l l a s San Fran«. T o t a l
3,00o
3,7^1
3,237
4, f y 0
82
-1,415
2,421
1,124
2,448
4$,46b
6?S
1,339
1,510
. ^0
26,058
53,576 7 8 , 0 3 8 43,15"- 5 5 , 7 3 4 1,70$, 104
7 , 7 2 3 3 5 , 1 3 4 1 7 , 5 - 5 14,897
497,349
1,170
l,bQ7
239
5,573
134,3o4
6 3 , 1 2 7 116,118 6 2 , 4 i S 107,254 2 , 3 6 2 , 8 / 5
82,629 9 7 , 1 0 2 4 6 , 1 2 2 195,959 2 , 5 1 3 , 0 3 7

2 2 , 9 9 0 14.03 2
5,833 1 3 , 0 2 1
7,030
6,753
169,246
1,§88
Wl6__l^ai.
2,096
LIS
2,651
38, 166
7 6 4 , 9 1 9 224,332 157,101 234,519 121,374 3 1 9 , 9 2 5 5 , 2 1 5 , 4 4 2

ME M 0 R AN DA
Contingent l i a b i l i t y as endorser
on Discounted paper r e d i scorn t a d
with, o t h e r F . R. banks
Bankers" a c c e p t a n c e s sold to
o t h e r F . R- banlcs
———
——

-

ICO

35, 281

—

—

—

50,000
—

-

-

—

—

~

29,95s

~

—

-

-

H5,239

~

luo

FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION
F . R, n o t e s o u t s t a n d i n g
F . R. n o t e s h e l d by bank
F.R»notes in a c t u a l c i r c u l a t i o n

181,545
7.774

524,619 219,667 2 3 2 , 4 g 4 117,856 1 1 9 , 4 9 1 4 5 5 , 0 2 1 118,147
87.945 12,515 l 4 . 4 o p
3.076
3 . 9 2 2 3 3 . 9 7 5 14,238

54,78^ 103,25s
2,15?
6,156

48,064 217,461 2,722,606
1 , 9 4 2 21,472
209,569

173,771

736,674 207,352 2 1 8 , 0 9 4 114,780 115,569 421,046 103,909

52,629

4 6 , 1 2 2 195,959 2 , 5 1 3 , 0 3 7

W i t h i n 15 days
B i l l s discounted
B i l l s bought i n open m a r k e t
U-S. 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



97,102

DISTRIBUTION OF BILLS AND U» S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES.
l6 t o 30 days
3 1 t o 60 days
6 l to 90 days
Over 90 days
Total

1,542,468
• 57,726
53,579

37,495
42,542
4ll

144,953
71,657
'3-91

61,39s
26,352
7/121

24,810
166,051

1,511,124
195,307
227,553

St-U23d

R e l e a s e d 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 S, 1919; n o t e a r l i e r «

STATEMENT OF FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS JUNE 6 ,

1919-

( i n t h o u s a n d s of d o l l a r s . )
Boston

New Y o r k

p h i la. Clevel.

R i c h n . Atlanta Chicago St. L o u i s

M i n n . Kans-Cy. D a l l a s San F r a n .

Total

ESfiESE?:-:::::: K1: '-SI* SH: t'S IIS 'S:S S:S
S?ig « %%
-86 8SIS"S*5:5"2:S'S:SS 'Mi'S:» B*ISNSS
I s s u e d to

"bank l e s s amount
------

COLLATERAL SECURITY FOR
OUTSTANDING- NOTES:
Gold c o i n and c e r t i f i c a t e s j m

1S1,»5

_

8 2 4 , 6 1 9 319,567 2 3 2 , » 9 U » - 7 , S 5 6 1 1 9 , ^ 1 4 5 5 , 0 2 1 11S.XU7 * , 7 0

.

_

gO 6 2 5

-

2,500

-

-

13,052

103. 25S

-

_

ts,o6'4 g i 7 , t 6 l 2,752,606

11,581

"

EBE5 5 5 = IS iSlllii & SSiE If IIIIIH
S
Total

^delivemd^fS/Smt




231,492

JI

151,545

S2U.619 219,867 2 3 2 , 1 # 117,856 119,491 455,021 l i s , 1 ^ 7

84,783 103,258

4s,o64 217,461 2,722,606

155,622

725,389 157,947 143,626

52,803

53,o4o 107,629 1,955,496

89,244

78,414 g44,o64

65,502

82,216

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