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Released for publication Sunday morning March 2, 1$19, not earlier-

St

*235

STATB'ENT FOR THE PRESS *
March 1 ,

1319

*

Substantial increases in the holdings of war paper, only p artly offset
by liquidation of other discounts, and corresponding increases in net de­
p osits are indicated in the Federal Reserve Board1s weekly bank statement
f.

issued as at clos.e of business' on February 2g 9 1919 •
^a r paper on hand shows an increase for the week of 73 *2 m illions while
other discounted b i l l s decreased 1 1 *9 Bullions*.
show a gain of about 7 m illions*

Holdings of acceptances

Inter-bank rediscounting accounts also for

C hicago,
some changes in the holdings by they Kansas City and San Francisco banks of
both war paper and acceptances*

U* S* bonds'on hand fe ll off 1 m illion,

w hile U . S- short-term securities show an increase of 8*6 m illio n s, largely ‘
due to temporary investments in U-l/'2$ Treasury c e rtific a te s by the.New York
Tank.

Total earning assets were 2 ,3 3 9 * 5 m illio n s , or 75*9 bullions larger

than the week before*
Government deposits show an increase for the week of U

*9

m illions, re­

serve deposits - an increase of 57*1 millions,- and net deposits - an increase
of

65*9

m illions^

Gold reserves declined about 2 m illions and total cash

reserves about 2 .3 millions-

Federal Reserve notes in circulation show an

increase for the week of over 6 m illions,
larger increase*

The banks1 * reserve percentage, largely because of the con­

siderable increase in deposit l i a b i l i t i e s ,
per c e n t,




the New York Bank reporting an even

shows a decline from ^2*2 to 5^*3

St .235a
Released, for publication Sunday morning March 2, 1919; not earlier.
AT CLOSE OF BUSINESS FEBRUARY 28, 1919
STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAM
Mar oh' ^1918
February 20, 1919
February-28, 1919
R E S O U R C E S
$U6l,6l5,000
$350 ^ 17,000
$ 345 , 762,000
Gold coin and certificates
357.299.000
1+57,889,000
H63 ,UsU,coo
Guld Settlement Fund - F.R.Board
52.500.000
829,COO
5,829,000
Gold with foreign agencies
S7i,UiU,ooo
SlU ,135' 000
815,075,000
Total gold held by banks
385,3U6,000
1,197,933,000
1,187,760,000
Gold with Federa;. Reserve Agents
2 0. 56q.000
112,923,000
120 .163 .000
Gold Redemption -und
2 ,I25,OUl,000 1.777.329.000
2 , 122,998 ,000
Total gold reserves
6orUUUrooo
66.Uq1.000
65,725,000
Legs! tender notes, silver, etc.
2,191,532,000 1.337.773.000
2 ,188 ,723,000
- f h>J
7
Total reserves
2U9,195,000
1 , 596,^ 58,000
1 , 66^ 68^,000
Bills discounted (Secured by Government war obligations
253.330.000
221,996,000
2jJ&;3r36 ,000
(All other
__29a,2l3.^000
269, 920,000
276 .qiQ.COO
Bills bought in open market
801.733.000
2,0S8,37U,000
2,156,739;000
Total bills on hand
77.705.000
28, 095,000
27 ,09'4 ,000
U.S.Government long-term securities
157 .U 82.000
1U7,123,000
155,688,000
U.S.Government short-term securities
_______ U.000
________ U.ooo
All other earning assets
2,263,596,000 i,oUo,605,000
2,339,525>000
Total earning assets
8.969.000
9 , 713,000
Bank premises
331,067,000
633,806,000
*653 ,^65.000
Uncollected items & other deductions frciu gross deposits
537,000
6.809.000
6, S13 i^00
5$ Redemption fund against F.R- bank notes
796,000.
8.U80.000
8.U97 ,000
All other resources
5,113,192,00c 3,260,773,000
5,206,736.000
TOTAL RESOURCES
L I A 3 I L I T I E S
si,Uo6,ooo
81 ^+52,000
73, U01,000
Capital paid-in
22.733.000
22 , 738 ,000
1, 13U, 000
Surplus
150, 781,000
205, 675,000
210,5^7,000
Government deposits
1,383, 020,000
1 , 563,9 12,000
1,620 ,972,000
Due to members - Reserve account
21s, 031.000
1+50,257,000
1*94,653,000
Deferred availability items
122^000
___ £Uk
nu.7qs.000
12U .032 ,000
Other deposits,including foreign gov't, credits
2,36U,602,000 1,320, 95U,coo
2 ,'450 )2£>k ,000
/
Total gross deposits
2 ,U66,2U8,000 1,351, 091.000
2 ,1 75 ^ 7 , 0OO
+
F. R. notes in actual circulation
133,^65,000
13!+,01+2,000
7, 999.000
F. R. bank notes in circulation - net liability
UU.733,000
—1
+S7993,000
199. 000
All other liabilities
5 ,206 , 736,000
5,113., 192,000 3,260,772,000
TOTAL LIABILITIES
Ratio of total reserves to net deposit and F,R. note
ooOj
H't .
52.2$
65
51-3$
liabilities combined
Ratio of gold reserves to F-R.notes in circulation after
6U.3$
63 .1$
setting aside 35$ against net deposit liaoilities



if

V

-i

3^;

7 \

ReleaSe4 S y Ps S T H ^ T n0F^RlS0UECE^ M J D L i I b IL IT IES OF EACH OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS ^BRUARY ^ 8 , 1919*
(In thousands of dollars.)
\
I
Total
Boston-New York - la. .Clevel. - Bich. -Atlanta-Chicago-St.Louis Minn. .Kpis-Cy. .Dallas-San Fran
Phi
R E S O U R C E S
X_
--------^
i
\ 1 -7
^ o O
U
6,013 l O O K Q
162 U f l u 12 ,259 345 J 62I
3,232
4,300
S,322 23,024
260,524
2S0
2,265
2, SOS
17,529
Gold coin and certificates
463,4 s4|
7,464 26,535
..39
51,026
^3,S70 4l, 112 70,291 16 , 1+39 17,756 97,959 22,59*+ 23,793 139,645
Gold Settlement Fund - F.R.Board
204
-121 — 5 ^ 2 9
221Sl6
204
40S
. 233, _ 2 3 3 _
525
40S
2,031
Gold with Foreign Agencies
U
S15.075
306,^05 41,300 00,345 is , 90S 26,253 121,799 27,127 3 7 , 30 s \0 , 09S 13,631 39,115
Total gold helcl by banks
!4s, 101 19,765 101,739 l, lS7 , 76o
257,256 6s, 566 135,94? 47,374 4o,590 296,529 6s, 316 54,563
Us, 954
Gold with Federa: Reserve Agents
3 , 6q2 1.330
4.421
120^163
4,333___ 4,153
623
5.964
5.246 29, 3 5 °
2U,627 19.032
15,567
Gold Redemption Fund
533, 23S 129?44S 224,920 72,246 72,039 443,346 99,752 96,630 / 9 i,S 9i 35,326 145,275 2, 122, 99s
U S, 757
Total gold reserves
171 f
133 j 1.930 ... 319
65.125
50,930
' 303
1.032
25 j
9S3
1,3.76 2^ 205.
5, SSO
Legal tender notes, silver, etc.
96,301 \92,079 37,30b 145,594 2 , loo, 723j
'639,*263 129,75 1 225,002 7 2,499 73,077 449,722 101,337
124,637”
Total reserves
24,332 70,955 1 , 66;
741,979 176,990 101,209 39,636 62,303 l62,70S 49.2S2 15,724
139. s4i
Bills ) Sec-by Gov't.wax obligations
21G
1,776 3-M52 32,206 22,460
15,361
9,215
45,059 13 , 0 3 1 ' 6,320 10,913 12,752
6)361
DisctdjAH other
.,1.75a 49,g4l___ 216.^19
__9,241_
43,325
1 . 9S7 60,797
7t 13JL 7,603 3?
Bills bought in open market
■ , 363” 192, 05 s lb3, 326” 10776 S3 "337163 211 , 2*5 75,9152 ^7,s6l 53,013 '53.346 143,236 2,156,739
330
.155^43
Total bills on hand
27,094
2,46£
1,154
117
S,s63
3,967
37S
4,510
1,391
1,355
1 , 0S4
1,234
533
U.S,Gov't. long tenn securities
155, 6ss
3,900
5,329
7,464 16,612
, 06s
9,139
5,516
12,4i 6
53,747 11,751 11,341
5,375
U„S.Gcv't. short-term securities
______ 4
4
All other earning assets
S90,5 01 205,224 130,751 114,292 91,009 232,367 55,174 57,H7 97,397 66,213 151,033 2 , 339,525
Total earning assets
165,397
4oo
221
4oo
9,713
541
296
217
2,936
100
3,302
5C0
300
Bank premises
Uncollected items and other deductions
653,465
163,406 76,917 52,447 43.3S7 31,917 74,327 42,317 15,196 5 7 ,c is 19,549 24,23 s
52.246
from gross deposits
324
6,313
241
. 356
655
* 190
600
572
775 . 309
5fo Redemption Fund — F.R*bank notes
375
1,330
556
--6
7 5...4 .4
4-^497
274____ v35- -Km-s§9■-0
4 5-93ja k
______ qHt _____ \)Q(
i
s
*
jOb
c
L
{
-2^231
_5H9_
- 5
All other resources
365
347,001 1 , 700,604 413 , SS6 46o,46i 230, 938 . 196,930 761,136 231, 27s 169,450 243,023 124,399 322,530 5 , 206,736
TOTAL RESOURCES
L I A B I L I T I E S
3 , 200
4,679
51,452
2,94s
3,735
3,177 11,290 3,523
Capital paid-in
9,215 4,1.10
20,925 7,577
6,773
592
1,224
22,735 i
1,211
726
301
1,304
1,776 1,156
775
3,316
3 ,3 2 2
Surplus
1,535
7,563 14,246
210,547
13,953 l4,043 15,259
27,102 5,943
9,237 25,530
Government deposits
26,124
33,543 17.674
671,S1S 92;912 129,957 52.671 44,S39 233,097 55.635 45,792 75s37l 35,715 75,362 1 , 620,972
Due to members - Reserve account
95,750
494, 653/45,534 31,3 15 19,3 15 53 , 236^ 36i 497 .S,3S4 35,707 15,129 17,355
Deferred availability items
42,S44
120’ 541 63,763
- — v y^ <23— ie479 K w1
66
6
102
---------------- M tyy ------------ — w c _ -----------15554
22Q___
^6551
321I B , 744
All other deposits
106
.ww * 202,914 59,933 73,664 313 , 40p iO 9 , 4 i4 7 l , 4o4 126,469 61,773 Il6,4l6 2, 4503a#J.
__
139,646 130,200 ^
164,324
Total gross deposits
^ , 1^ -r.w,5C6 105,835 ss) 159 101)609 51,167 191,340 2, 472)307
77)619 210)763 233)069 123,595 110,755 4io
F.R- notes in actual circulation
159,552
5,036 12, 6S5 6,212
6,334
134,042
34 , 62s 11,311 10,422 5,204 7,165 17,547.u 6,925
F.R.bank notes - net liability
10,573
l ^ z — 2 ,3^4— 3^§§—
1 sqo i ,4i4___
5J /hM_____ M .464 d% (cX>726 tTuop ______±, oyy___ --------------------------- pr-TO* t ^ * 7
, -W
_ ) 3.065
£
19
2.
All other liabilities
i
l
347,001 1,700, 6o4 ^+13,336 46o , 46l 230,93s 196,930 761,136 231,27s 169,450 243,023 124,399 322,530/5,206,736
TOTAL LIABILITIES
X
Contingent liability as endorser 0 1
oOi
bills discounted with or sold to
IS, 176
73,717
10- GU­
,
19>700
25, S4l
other Federal Reserve banks



I
yh --m ‘

-

-

Released for publication Sunday morning / March 2, 1919; not earlier,
STATEMENT OF FEDERAL EE SERVE AGENTSJ ACCOUNTS AT CLOSE OF BUSINESS February 28, 1919 .
(in thousands of dollars-)
Boston
New York Phi la. Clevel. Richm. Atlanta Chicago St*Louis Minn. Kans^Cy.
FEDERAL RESERVE NOTES:
Received from Comptroller
262,000 -1,30,680 335,420 333 ,SUo 204,820 204,5b0 563,160 171,420 124, 4so 152,700
Returned to Comptroller
- ! 1^ 15_ ^ 01426__ 52, 13.0 4s, 393 33,493 73.156 33,639 23.311 35.223
- ±
Chargeable to F«R* Agent
183,5*2
929,765 24*
4,994 281,710 156,427 171 ,o6T4s ^ 004 132,731 101,169 123,477
In hands of F*R<. Agent
2^,320
157,400 22,100 32,770 23,565 55,726 Ug,260 11,365 11 , 60C 14,520
Issued to F.Rc bank less amount
returned to F,R« Agent for
redemption
163,221
772,365 222,894 248, o4o 132,862 115 , 343. 436,724 121,366 39,569 103,957

St. 235c
Dallas San F ran .

To tal

101,960 251.720 4 , 956,760
24, 99$ 27*057
940.24?
76,964 224,663 3 , 116,513
24,260 11 ,CG0 437,907
52,704 213,663 2, 673,606

COLLATERAL SECURITY FOB

OtfTSTiKDifTG- NOTES:
Gold coin and certificates on hand
Gold rbde^ption fund
9,95*+
Gold Settlement Fund - F*R*Board
39,000
Eligible paper, minimum required
114.267
Total
163,221
AMOUNT OF ELIGIBLE PAPER
Ii2LIV£RED TO F*R* AGENT

2,503
- 13,052
12T532
229,147
1,817
4,925
2,336 3,011 3,7^1 2,999 13,361
37,438
46,000 36 , 270291,664 65, 43.0 33,500 44,360
4,134 37,873 371,175
-3J5,.j;P9 134.323.112.993
35.488 74.7^1 l4o. 135 53.050 35.006 60,856 32.939 111.924 l,4qo,846
772,365 222, 394" 243,940 132,862 11^341 436 j 2 4 l21,366 89^569 103^957 52,704 213,663 2, 673,606
173,740
27,270
13,516 15,677 13,677
70,000 52.SS9 95,000

-

1,374

&

155,441

330,363 156,559 167,619 102, 96s 30,334 211,245

64,259

83,013

53,346 142,-426 2 , 0-9-959
9

39,569 108,957
1.410__ 7 ,348

52,704 213,663 2, 673,606
1,537 22,323
206,299
51^167 IQ1 ^ 0

46,924

MEMORANDA
FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION
F. R notes outstanding
lbb i r i
11
222>s9i+ 248,940 132,362 115,341 436,724 121,366
F* R* notes held by bank
4,267
4,556 25. 913 12,528
3J>o2- 3 ± .J ^ 12,126 15,371
F.R, notes in actual circulation 159,552
677,619 210,76 S 23j>,069 128,595 110,785 Ul0,S06 108*83S

88^159 101^309

DISTRIBUTION OF BILLS, US*GOVERNMENT SHORT-TERM SECURITIES AND Y/ASRANTS BY MATURITIES*
7/ithin 15 days
Bills discounted
Bills bought in open market
U*S,Government short-tern securities
Municipal warrants



0 1 1 ,3 5 5

82,025
18,714

l6 to 30 days

57,333
76,479

3 3 to 60 days
202,040
93,343

6 l to 90 days

36,221
25,067
35°

Ovsr 90 days
22J21

136 , 62.4

To tal

1,379,320

276,919
155 ,68 g
4

Released for publication Monday morning March3> 1919! na^ earlier*

st • 23^

CONDITION OF MMBFE BANKS*
March 1, 39 - 4
S
Reductions of over 2*5 millions in the aggregate of Liberty bonds and
of 13 *3 millions in the amo'unts of Treasury certificates on hand9 together
with liquidation of 11*5 millions of war paper are indicated in the Federal
Reserve Board* s weekly statement of condition on February 21 of 77^ member
banks in about 100 leading cities#
Reductions in certificate and war paper holdings are confined practi­
cally to member banks in New York City which report decreased of 31*5 A l l ­
iens in certificates and of lU *3 millions in war paper on hand*

Combined

holdings of U# S« war securities and paper supported by such securities
were 3? 5^6*2 millions, a decrease for the week of 50*5 millions, of which
^5*3 millions constituted the decrease at the member banks in New York City#
Other loans and investments show a decline of 110.2 millions for all
reporting banks and an even larger decline for banks in the 12 Federal Re­
serve cities*

Of the total loans and investments of all reporting banks the

share of war paper remains ■unchanged at 26 per cent, while for the New York
banks this share shows a decline' from 30*6 to 30*5 P 31* cent*
Government deposits fell off 91 < millioiis* while other demand deposits
9
show an increase of 3^*9 millions, and time deposits - an increase of 3*9
millions % Reserve balances with the Federal Reserve banks declined 30*1
millions, and cash in vault - 24*6 millions-




leLra
*

vjbl.1 cation Monday morning March 3, i9 19: not earlier.
f
s£i. ,j,> 7T SHOTTING PRINCIPAL RESOURCE AND LIABILITY ITS/IS OF MELIBER BANKS IH LEADING- CITIES, INCLUDING- MEMBER BJKS LOCATED
b t .^ b a
"
ITTEPAL PRESERVE BANK CITIES AND IN FEDERAL RESERVE BRANCH CITIES, AS AT CLOSE OF BUSINESS FEBRUARY 21', lg lg.
1. Data. for all resorting banks in each district.______ (_In thousands, of dollar sJ - - --------- ---- r - --- --- -__
.............—
—;- - ■ ■
■
i
_
Boston New York Phila. Clovel. Riclm. Atlanta Cnicago St.Louis I/iinn. iCans.Cy* Dallas can Elan.
Total
Tr
“bai’rs
45
106
56
90
S2
“
+7
101
36
35
76
44
, 53
771
1“ ,“02
“ 6 ,col 11,“ 97 H0 .9 S8 2“ .9S9 W .265
19 ,s 6 i 1 6 ,9 0 3 - 6 ,“ 66 13,605 17 -979 J * « 5
262,760
11ClUdlrg
U R,certificates of indebtedness
T;*-l u sVsecurities
L^n s soured v U.S. bonds, etc.
.y
Jill other loans & investments
balances with F.R.lank
S T S v S T * " ilh F 'S 'b“ “
k
S f , “a S L o s i t s

19,012
a *;S T S “o> 5 6 75 , 53 0 5 2,570 51*,552
67 , u7^ 26,3“ 5 111 778 25,55“ 20, “ 56 3 5,935
692,571
105,3&5
7o9,“ ;> 109,553 151,35° 55,l“0 55 , “ 27
3
219,3*w 55,“95 3 5 , 0}0 39,“ l9 20,597 92,777 1,729,17S
13 s 679 1 . 12“ 333 161 ,ooS 267 ,870 132,699 IQ*.. 2““
306,679 9s,7“ s 53,29“ TS,77« 59 , 06 2 16 3,317 2 . 690,509
’ b l O ^ K lW-,5Rl 95,893 3 9 ,’ SO ir,,6 S9
86, 2 0 2
10,2^7 ,11,232 JO.JOO 20,321 1,158,167
7“3,f-9 3,S?G>35 6lO,9oi 970,559 36} ,00S 30J,fcS 1>?§5>9$} 37|,pfe 221,S^d *3g,5ol 1 ° " , ^ 3 5 W ,o M
9 , 9^2,70
60:292 ' 6 i 2, 7 *
65,51? 9 1 ,^ 9 5 * , W
2S.yff
J50, / 2 i “ l ,“?“ 21.5x3 « ,0 9 ,
18,0+9 50, xoo 1 . 22J. 3 U
a w
i t «5
% 'M
3 K 00 . & 5 0 £ 5 7 1
I
MlosS V &
^ 36 “
< 1 0 9 is. 5*
6s?/, W i “ ,5S-,652 651,956
319,399 * 0 , 3 1 1,187,“ 6? 30“ ,370 209, “ * 356,757 153,687 “ 20,517 9,9“3,569
ip7 oHG
fnS
PO.oUE 254.^12 70,502 102. 2S3
Ul2,^33 32,755 52 . 2/7 06 ?f19 2 ^ 9 0 1 135,760 1,022,370
L « r S ; r i : 9o_sits__________________v*:s>i9 56> i5 13 . 22° ! ? . , &
e
22, 599
7,?«>— =—
§52^
2
Drt^ ?o'r ba^ks in Federal Reserve^, cities, Federal P serve branch cities, and other reporting oaiiks.
ie
^ ^
New York
Chicago
All F.P."bank cities
F.H.branch cities
Tctal^
Feb.?:■ ___Feb.1- Feb.21- Feb.lU Feb.21--Feb . lH
)*•
4
Feb.2*---Feb.lU
Feb.cl----'-ieo.W
Feb.21-— neb.lM152
152
3.5S
771
771
/3.5S
No. reporting banks
65
^
^55
<-5
?5
U^S.bonds to secure cir1Q2, 522 262,,7 60
105,403
263 ,111
dilation
35,933
35»9S3 1, 1}9
1, H 9
99.6SS,
99,860 , 54,669 , 54,729
Other U.S.bonds including
,
,
,
> *•,
201,473
127,74-9
125,643
692,571
723,713
192,392
Liberty bonds
246,216
246,2o2 25,3^5 26,55S .330 »53394, ^-3^
U. S certificates of in..
„ rr. n
_,
. ..
“ s: . ^ ; J ! ; ; lca
0i in‘
733,691
765,179
266, q4i 262,627 1,729,17S
........................... 127,511 1 1 9 ,3 7 1 1 , 122,0911 210,931
“
274,146
1,742,993
269,325
451,263
572,622 2,690,509
454,452
lo tirrsllecu ru aes
l,o iS ,“=S l,o“7 ,“““ 15“ ,015 l“7 ,5 “S 1,663,315 1,705,332
2,729,S17
567,736

562,069
522,392
bonds7 etc.
All other loans and invu^tments
3 ,%95,^5 3 , 577,771
Reserve- balances with P.R*
57s, 6U1 596,269
ba<iV
307,222
Cash in vault
103, 59^
Net deniand deposits
U, 125, 17% !4, i 1 5,539
+
200,472
Tiine de^os^ts
200, 09 5
Government deposits
2^7,631 307,356
Ratio of U*S*.war securities
and war *paner to total loans
and investments, per cent
30.6
30-5



XSS.W

62,550

62, 120

927, i l l

941,295

103,697

103,716

127,659

125,020 1,152,46?

1, r/c.O p

S3> , 034 2^7,726 6 , 531, 712 6,64-5/123 1 , 492,267 3,509,290 i,93S, 125 1,912,225 9,962,704 10,072,93S
4
154,643
170,136
171,560 1 , 225,311 1,255.43S
142,231
110,309 109, 207 906, 944 929,235
361,132
5.4,270
59',217
3 3 6,^5 4
'202.920
54,173
92,941
192; O il
36, 212 39,227
1,267,020 1,620,596 1 , 620,220 9 , 943,569 9 , 911 , 60?
67
205,959 799, Uic 7 , 002,464 6,963, 1 1 , 260,509
4- ; 126 471 , 220 4 9 9 ,S 5 o 494,632 1,622,370 1 , 624j 454
73
655,326
65 s ,596
157,372 157,450
552,634
644,536
70,246
70,704
70,659
95,260
l+U,62S 39,054 4 i i ,271 472,430

20.5

19.7

27-3

27-4

24.5

24.3

22-3

22-5

26.0

26.0

C 0 N F I D1 N T I A L
Wot for publication

St.24-0
PERCENTAGES OF GOLD AND LA.WFUL MONEY RESERVES AGAINST NET DEPOSITS,
PERCENTAGES OF GOLD RESERVES AGAINST FEDERAL RESERVE NOTES IN ACTUAL CIRCULATION AND OF
TOTAL RESERVES AGAINST COMBINED FEDERAL RESERVE NOTE AND NET DEPOSIT LIABILITIES
OF ALL FEDERAL RESERVE BjmS.

Ratio of gold and
lawful money reserve
to net deposits
Feb ,20-—- *28
Feb

Ratio of gold reserves
to F* R notes in
actual circulation
Feb *20—— Feb. 28

Ratio of total reserves to
net deposit and F-R. note
li abili ti e s combi ne d
Feb. 20- Feb. 28

February

47 .s

53 *4

40.9

4o.4

U3.7

45 .s

49.5

53.4

New York.

48.0

46.0

42.4

4i.6

45.3

44.0

56.9

54.2

Philadelphia

42.3

4o.S

4q .7

4i.6

41.2

Ul-3

44,2

44.4

Cleveland

52.0

59.4

57 .s

5 G .6

57 9

58-9

71*5

74.4

Richmond

51.0

4 i.i

4.1.2

4 i .5

43-7

41.4

46.6

43 *7

Atlanta

69 . 8

65.3

40.9

4 i .4

4r.6

4 7 . 9.

53-5

52-8

Chicago

54.2

51.5

78 . s

79*5

69 .s

69.2

89*9

89 .I

St* Louis

49 „g

44.0

67.7

66 .

60,9

58.1

76.8

72.3

Minneapolis

5S.7

66.7

67-5

67 -3

64.2

67.1

81-7

87-5

Kansas City

56-7

5S .0

52-9

51.0

54.4

53.8

66.9

66-7

Dallas

4S.9

37.1

4i.6

42.3

44.7

39-9

52*0

44.0

San Francisco

52.6

42.s

57-8

55*5

56-1

51.4

66.5

59*2

. 50-9

49.0

53-2

52.9

52.2

51.3

64.3

63.1

To tal

DIVISION OF REPORTS AND STATISTICS
FEDERAL RESERVE BOARD
' March 4 , 1919*



I 9 I9

Ratio of gold reserves to F.R. notes in
actual circulation after setting .aside
35$ against net deposit liabilities
Feb. 20- Feb.2S
-

Boston

s

28,

I) E i’ T 1 A. L
c o i; s'
liot for puolication

RATIO OF "FLOAT" CF EACH FEDEEAL EE SERVE BANK TO II^MEDIATELY AVAILABLE DEPOSITS.
(in thousands cf dollars.)

St239
Corroc.tau co.:^
February 28, 1915

" ”'V10~ < after adding net debit -.''Float" after deducting National and F. R.
+|
to ;
»et r V n
notes
.XV~ W W
-k W
/U
i
...
.. .......... .
Sat’ dayYs settlement
ur
s3 1 tleiuent
immediately:
- *ers’ irCT" — ------- ■
: Ratio to inmediately availRatio to immediate1y :
available
able deposits
_____
.Am
ount
deposits : Amount :
availab le deposits— z
_

"FLOATS
: Deferred
Unc clie c te d:avallab ili ty
items
;
items

Federal

Re serve
Sank

42,844

9 ,U02

7-7

9,651

79

9,-403

7*7

52 ; 2U6

120,541

38,662

4.7

47,061

5*7

32,383

4.0

159,203

68,763

8,154

7*3

7,062

6*3

6.3

76.917

7,062

Philadelphia

. 6,913

4i, 576

2.9

3,809

Clove land

45,534

4.4

2.4

5 2 ,^ 7

12, 072.

20-6

11 ,683

19-9

11,653

Ri ohricnd

31,315

19.9

43,327

12,599

23.2

10,605

19*5

9,626

Atlanta

19,318

17.7

31.917

Onicago

21,091

8.1

13,644

5.2

5-0

53 , 236

13,082

74327

6,320

8-7

7,58b

10.4

6,219

St. Louis

36,497

8.5

U?.,E17

8,384

6,812

10,8

5,954

9.4

5,871

9*3

21,311

17,650

19 .4

9,186

Kansas City

35,707

23.5

10*1

57 . 01 S

9-5

9,371

20.1

5,635

Dallas

15,129

4,420

12*1

19?549

y*

4 ,198

Son Francisco

17.38S

6, g
j;

4.2

2.4,23 8

494,653

118 ,127

6*0

649,262

Bo s ten
Few York

Mlnaca^o is

Total

D IV IS IO N OF REPORTS AJTD STATISTICS
IEDEEAL RESERVE BOARD



March 6 ,

1919

154,609

Jj
7-9

[66 .

154,609

7*9

COMPOSITION OF UNCOLLECTED ITEMS AND DEFERRED AVAILABILITY ITEMS,

y T I A L
Not* for publication.

St •239a
February

(in thousands of dollars.)

Bank

UNCOLLECTED ITEMS
*
* Checks :National Bank:
*
0 and
: notes and :
other :bank notes of: Transfers All other :
: Clearing:
cash. :
0 ther
: bought
uncollected: ■
Total
: liruse
Exchange s items : F. R» Banks :
:
itemd
:

1919

DEFERRED AVAILABILITY ITEMS
Gold
Settlement
Suspense

Other
transit. :
items

Total

-

25,293

42,844

-

59,929

120,541

: Transfers : Government
:
sold
: transit
:
items

4,713

19

24S

-

47,266

52,246

17,551

17,905

6,664

14,678

-

119,956

159,203 :

60,612

-

Philadelphia

6,110

15.S15

-

-

54,992

76,917

19,374

-

13J13

35,676

68,763

Cleveland

4,200

23

407

360

47,452

52,447

13,944

-

2,434

29,156

^5,534

Richmond

4,121

217

30

-

39,019

^3,337

8,809

H
r
t

22 , 506

31,315

Atlanta

2,55^

84

979

-

23,300

31,917

3,076

773:

15,469

19,318

Chicago

6,034

562

-

67,731

74,327

20,449

-

■

22,737

53,236

St. Louis

1,727

651

1,025

39,347

42,317

16 ,.13 6

309

1,135

13,917

36,497

Minneapolis

1 , 142

61

22

13,971

15,196

2,509

-

93

5,752

S,3S4

Kansas City

770

932

232

3,232

46 ,852

57,018

3,310

-

27,397

35,707

Dallas

246

402

981

2,770

15,150

19, 545,

7,672

6 , 332

15,129

1,554

28

238

5,232

17,036

24,238

51,076

24,256

19,H 7

17,691

537,122

549,262

So ston
New York

San Francisco
Total

67
-

DIVISION OF REPORTS AND STATISTICS
FEDERAL RESERVE BOARD
March 4 , 1919



. 6 ,5 6 5 ....

185,007

-

15

560

2

........27

326

18,735

.

10.791 ___1U-35...
290,585

494,653

X-1412

F E D E R A L
R E S E R V E
BOARD
GOLD SETTLEMENT FUND
Sun.ir.ary of transactions for week ending March 6 ,1919.
(In thousands of dollars)
Balance
Aggregate
Aggregate
Federal
last
Gold
Gold
withdrawals deposits and
TRANS FE RS
statement
Reserve
with­
deposits and transfers transfers
Rank of Feb.27,1919 drawals
to Agent’ s froit Agent’ s
fund
fund
Debit
Credit
Eoston
47,353
1,302
2,000
1,302
10,000
New York
44,983
70,500
Philadelphia
45,969
2,204
2,204
Cleveland
60,763
3*899
3,899
25,003
Richmond
18,619
100
955
100
955
12,000
18,657
Atlanta
3,474
2,000
3,474
Chi cago
101,078
13.086
3,680
13.086
20.500
St. Louis
24,485
73
1,600
73
4'600
9,500
Minneapolis
23,049
50
598
50
1,098
10,000
KansasCity
39,352
331
331
12.500
Dalias
9,179
200
200
10,000

SanFrancisco
Total

22"

455,607

225

33,012

7,905

FEDERAL RESERVE AGE]NTS* FUND
Balance
Gold
Withdrawals
Federal
last
with­
Gold
for
Reserve
statement
drawals
deposits
transfers
Agent at Feb.27.1919
to bank
Boston
40,000
3,000
Ne/V York
70,000
Philadelphi
57,889
5,000
Cleveland
9 5, 000
Richmond
46,000
4,000
Atlanta
36,2 70
1,000
Chicago
292,664
4,000
St. Louis
65,431
1,500
3,000
Minneapolis
39,000
500
KansasCity
44,360
4,184
Dallas
500
SanFran
92,879
13,000
Total
*
883,677
19,000
16,500



49,512

Deposits
th rough
transfers
frorr bank
2,000

—

92,500:

92,500

Total
: Total
with:deposits
drawals
3,000 :
2,000

—
-

5,000 ?

—
•

2,000
3*680
—
-

T

4,000 :
1,000
4,000
4,500 :
500 :

—
2,000
3,680

7,680

500 *
13,000 :
35,500

7,680

Confidential
Settlements from Fen.28 to March 6,
1919, both inclusive.
Net
Debits
56,492
3,228
3 , 508

587

Total
Debits
83,341
326,035
116,132
72,941
55,446
29,455
121,813
82,051
15,743
53,82426,055

Total
Cred its
90,265
269,543
112,904
99,395
51,938
31,297
148,804
81,464
28,314
55,423
17,892

Balance in
fund at
closs of
Net
business
Credits Iv'arch 6,1919,
6,924
43,579
58,991
44,945
26,458
66,120
27,966
1*842
21,973
26,991
116,9 75
18,925
12,571
26,668
1,599
28,782
.11,214

8,163
t .w i :
iu, our
:
. ai,uvt>
76,385:1,013,443 1,013,443 : 76,385 ; 49 7,214

Balance at
closs of
business
Mar.6.1919
39,000
70,000
52,889
95,000
42,000
37,270
292,344
60,931
38,500
44,360
3,684
79,879
855,857

Summary of changes in ownership
of gold by banks through trans­
fers and settlements.
Decrease
3,076

In VI V i Q
Ur U
14,008

3,228
_

w

1,458
8,492
1,842
6,491

10,087
2,571
10,901
1,837
9,407
36,699

36,699

Tffi&Kr.X REPORT SHOY- G GOLD RECEIPTS AM) DISBURSEMENTS OF EACH FEDERAL RESERVE BANK DURING YJEEK ENDING
'TN
COMB'IiffiNllAL*
(Figures do not insluds gold received from or paid tc another Federal Reserve Bank.)

Fo t f or jpn.h n cati on *
•

Boston
N v XGi/k
ov
phi.lad^lT)lua
Cleveland
P— 'Pixj*ij
iL A ' C
G
u
JManta,
Chicago
Miniaeapol;* «
Kansas O ty
n
Da A-i'c
.t
.c
San Franoisoo
ToUJ., f oi vSyctem

1)0 0 •>-1
•*
Yqv Y.

Jin lauelphia
(Ue ve’iancl
R',cl::,o.ad
J i •*x.i
rX - j
•
c
Chios,"*?
ci , y,V1; ^
Minneapolis
Kan-an r ty
,S
Da a a5
.
San i railed soo
T
To =:al for System
Excess receipts
>
~

h o -»
Digitized for_ !x 0 * 3 pa^ai6/.*
FRASER


A E C H

1,

I

9

1

9

.

St.279

(1 a thousands of dollar 8 j i-e*% 000 emitted*)

REGS
Heceived in exchange for F*R» notes

E am
;r
Fxoji U,B,
r
* fevemnent : idembers
IQs
1?.
88
1,703
4\
~Z
I
c0
&
U66
is.
il
s
2vlbH
“ T -0
*l

M

o: Fran n n * :
; members *

Total
199
OK

-10
•
-29
fe
o
■.
'i
S
• 11

Ul
148
~
1-703
36

2

t V T S
:
Credits to deposit accounts
: lUS.Gov H . : Member and non- :
: G e ? aoct, ;
-nlmember banks :
2,502
)
**
*
cI5
3. 856
182

2 , 61 s

71
3,056
U2

■
u

16

1

Uss

5,167
67

10

71

S?3
Z1B

12
66

-

1

9

_____ 12? _ _ _ _ 2 f736__

too

-

157
9?‘
5
J^ - 5 2 _

3H
17 S

11,392

Total
2,502
615
U,03S
771
3,056

2 660

All other
N. S.
312
S?
7

5 1 167

1 , 1U7

68

S^l.l
3 sv
i9.
-'J
1 ,151
217^

D I S B U R SEME N T S
:
In
:
Debits to deposit accounts
: ej.chan.ge :------ -w-— —-------- -- ----: for
:
T\ So
J.
: Member and non- :
:F,- -notes R,
Goverrrnent : member "banks
; To bal
803
1 , 0 '*8
l.OSS
"
2U
&
900
—
713
-—
2,015
Hsv
—
153
94
153
610
•
—
—
11s
HU
15
59
2
65
65
IS?
J .1 9 2
1,389
10,800
9,255
20,055
3>05H
-

23

26

_____________

l
l^o jj^

All other
N, S.
~
1, 02S
^71
I17

*

157
81
—

6
335
2,12.5
522

Total receipts

2,701
952
M 79

1,006

3,056 •
^,370
5 , 203 .
1. 2 U
1,352
i f
!-;5
2X7
1 , uSx
25 «7 &3

Total
disbursements
SO1
}

2 sn 6
I;95
<
400
7 ss

2,063
6 :0*
328
610

118
65
U
-02
9.3 0*4

16 >79
-

Released for publication. Sunday rorBing

St - 2k%
March 9» 1919* not earlier.

STATEMENT FOE THE PRESS-

March 8 . 1919 .
Aggregate gains of 16.7 millions in cash reserves, mainly gold, as against
increases of 5"^ millions in net deposits and of l6.2 Millions in Federal Re­
serve note circulation are indicated in the Federal Reserve Board's weekly bank
statement issued as at close of business o March 7> 1919 il
War paper on hand shows an increase for the week of 33*5 millions, holdings

of other discounted paper fell off 25-6 millions, and those of acceptances 3

millions*

As the result of rediscounting with other Federal Reserve banks

four Reserve banks report aggregate contingent liabilities of 69*2 millions,
as against 73 *7 millions the week before*

U. S. short-term securities, chiefly

1-year 'Treasury certificates to secure Federal Reserve banknote circulation,
went up U.l millions.

Total earning assets show an increase for the week of

8.6 millions.
Government deposits show a decline of 15 millions, members* reserve de­
posits increased 5-1 millions, while net deposits because of the reduced "float”
show an increase of

millions.

Shipments of Federal Reserve notes for the

use of American troops in France, also to the West Indies, account for some of the
increase in circulation abo ve noted, especially the increase reported by the
New York Bank.
Following the enactment of amendmsit to Section J of the Act, the Federal
Reserve banks transferred to Surplus account 26.7 millions which had been re­
served at the close of the year to pay the franchise tax to the Government, in­
creasing thereby the Stxplus fund to over 60 per cent of the paid-in capital
of the Reserve banks.




1 Released for publication Sunday morning
March $> 1919j no earlier
S t.249*
STATQViENT OF COMBINED RESOURCES AND LIABILITIES OF THE UvELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MARCH 7 , 1919 .
RE S O U R C E S
March 7, 19!9
February 28,1919 ’
March
8,1918
$ 3 ^ 1, 070,000
$3 ^5 ,762,000
$464,144,000
Gold coin and certificates
513 , ?27 ,000
463 , 4 s4 ,ooo
3 5*+ 585 , 000
,
, Gold Settlement Fund - F-R.Board
5 ,829, 000
5,829 ,000
52,500,000
Gold with Forsiga a^enc.ios
8^8 , i 2S,obo
815 , 075,000
871 , 229,000
Total gold held by banks
i ,i 63 , 8Ho,ooo
1 , 187 , 760,000
896, 702,000
Geld with Federal Reserve Agents
117 . 513.000
120, 163,000
20, 267,000
Go j G R3 c ej puiou Fund
t ii
2 , 139 , 479, 000
2 , 122, 993,000 1 , 788 , 198,000
!
Total gold reserves
65 , 93^,000
65 , 725,000
59 , 685,000
! Legal ter:.dsr notes, silver, etc.
2 , 205,U62,000
2 , 188, 723 , 000 1 ^ 7 , 883,000
Tocal reserves
1 , 701 , 437,000
* 1 , 667 , 965,000
264, 501,000
j Bills discounted:; Secnred ^ Government war obligations
1
( All other
186.240.000
* 211 , 855,000
255, 839,000
273 >93, ooo
276.919,000
317.952,000
I Ba lls bought in open market
2 , 161 , 220,000
2 , 156 , 739,000
838 , 292,000
1
Total bills on hand
27 , 057,000
27 . 09U.000
72 , 15^,000
1 U.S.Government long-term securities
159, 835,000
155 , 688,000
182,822,000
U - •»
- S Government short-term securities
4., 000
4 .OCO
4.064,000
All other earning assets
2 ,3 ^ 8 , 116,000
2 ,339 , 525,000 1 , 097, 332,000
Total earning assets
9.720.000
9,713,000
Bank premises
Uncollected itarns and other deductions from gross deposits
599.197.000
653 ,^ 65,000
3U3,396,000
7 .429.000
6 , 813,000
537,000
5/o Rede:Tfption Fund against F.R. bank notes
8.210.000
8 rUq7-000
76lT000
All other re courts3
5 . 178 . 134.000
5 , 206, 736,000 3 , 289, 909,000
TOTAjj ifcdCU
r.C^S
L I A B I L I T I E S
81 , 1 90,000
*
81 ,^ 52,000
73 , 62^,000
Capital paid-in
49. 466.000
22, 738,000
1 , 134,000
* SU'^plTiS
195. 559.000
210, 547,000
56 , 208,000
Government deposits
1 , 626, 076,000
1 , 620, 972,000 i,U 65, 5o4 ,ooo
“ Due to membertj • Reserve account
456. 289.000
494, 653,000
216, 986,000
Deferred availability items
4 Other deposits including foreign government credits
123.363.000
124.012.000
11
77.137.000
2.401.287.000
2,450,204,000 1 , 815 , 835,000
Total gross deposits
2. 488. 537.000
>
2 , 472 , 307,000 1 , 383 , 990,000
F.R* notes in actual circulation
136. 591.000
134,042,000
8, 000,000
F. R , bank notes in circulation - net liability
20.763.000
. 45,993,000
7,326,000
All other liabilities
5 . 178 . 134.000
n ' —
5 , 206, 736,000 3 , 229, 909,000
TOTAL LIABILITIES
i Ratio* of total reserves to net deposit and F.R. note
51-4$
51.356
64.7$
i
liabilities combined
“ "Ratio of gold reserves to F.R. notks in circulation after
63 - $
3
63.155
setting aside 35f° against net deposit liabilities

* Amended figures.


1

a

St.24<3b
Released for publication Sunday morning March 9, 1919*
W S L T S?A1!EME¥T OF RESOURCES AND LIABILITIES OF EACH OF THE FEDERAL RESERVE EAHKS AT CLOSE OF BUSINESS MARCH 7,
1919'
(in thousands of dollars.)
R E S O U R C E S
Boston New York phi la. Clevel. Riehn. Atlanta Chicago St. Louis Minn- Kans-CyDallas San® ^
Gold coin and certificates
3, 104
260,434
2X4 l4,44o
2., ?59
8,293 22 555
4,325
8,268
92
6,018 11,0b? . .3*1,070
5 , 7
Gold Settlement land - F-R.Board
43,537
53,226 46,862 66,152 29,341 21,435 121,461 22,919 26,372
29,654 14 ,32.5 35,9 3
Gold with fcreisn agencies
_ _ . 4 0 S _____ 2,011 _____ 40S_______________ 204_____l7j
j
816______ 23?
gg
.g *
^
■ .? j *
■A j g
j
Total gold held by banks
47,049
315,671 47,5+84 31,117 3'1(30H ?o,903 144,S32 27,477 34,873
£U,Q37
20,5 7
7,33^
Gold with Federal Reserve Agents
48,648
256,131 65,073 1^6,625 45,07 9 4o,b46 295,094 64,436 54,035
46,759
19,<b2 91,2 2 *» ■»
>
Gvld R a t i o n For.d
17.064___ g^627 22.104
1 . 0X9 . 7 . 5 7 2 ...3, l64
5 ,* $
4,9ff
2,0^8
Tooal gold reserves
112,761
536,479 134,661213,791 84,455 75,426 464,602 95,017 94,073
81,719 Ui ’ qUs
9 , 26l
65I 983
Legal tender note s, silver, etc.
6 .3 23____ 5 JJPI5 ____ 2 U __lJ ? p 3 ___ 236_____ lUn TOO 3 posfc?
Total reserves
119,039
647,494 13U 872 220,054 S ^ o i 76 ,388 465 J 15 97,322 $b,2b6
81,867
^ ,5 9 5 i ^ . l ^ 2,2 5,
Bills ) Sec.by Gov’ t.war obligations 143 , 30 1
775 , 574 173,463 96, 96.3 73,761 64,722 155,54+ 54,968 16 235 37,445 23,053 75,397 , 7 ,
7
Disctd)All other
....6,206 ..29,157
9,331. 4.934 01,671 11,905 15,219
8f343 ^ 1^86
36,018 30,738 21,232
lSb^o
Bil.ve t o ^ r i u .opea market
U & 3 2 S ____ 40*028___ I M S .. 57,,648___ 6,568 J - 0 4 ^ - ^ g L - J ^ ^
.5
j g 'g g 2
Total bills on hand
160,400
844,319 189,452 159,551 97,000 84,13 1 20 3 ,3 % 81,254 5V J82
37,599
^ , 7 5 4 146,429 2
22
U . SGovernment long term securities
533
1,339
1,385
1,033
1,234
37 8
4,476
1,154
117
8,868 3,967
2,4bS
27, 5/
533
1,389
u ,s . Government short-tona
"
12,4i6
59,707 12,281 12,34 2
5,37 5
7*464 16,612
8,o 6S 9,709
6,036 4^400
5^ 25
59,335
12 ,4 i.6
59,707
A‘ 'iotireax-ningnL i e t s to
Bank premises
Uncollected items and other deauctions from gross deposits
% Redemption Fond - F.R.bank notes
All other re scarce s
138
TOTAL RESOURCES
CapitalVaid-inL
Surplus

Government deposits

Due to msm'bers ~ Reserve account
Deferred availability items
A H other deposits271
3.12,562
Total gross deposits
F.R.notes in actual circulation
F.R.bank notes - net liability
All other liabilities
TOTAL LIABILITIES

' 173,354
173 , 3 ?+
800

91.977 224, 4 3 7 . 90,476 61,308 102,503 64,121 154,322 2 , 348,116
217
2,944
5^0
400
221
400
9,720
r r, c
_
KQQ 1Q7
l 4 5 ,g n 60,109
47,706
145,811 60,109 47,734 40,862 26,302 74,657 42,155 ^>^73 5 >59 ’- C
ic
7*430
47,706
1,269
1,312 2
6 25
544
162
393
731
305
227
690
315
35b
7,429
1,269
l, SI
625
2 ,.133________________ 3,52_____ 523_____ 621_____ 2j3 , „
138
965--- 3J4
^ , ^ | ^ .
790
959
352
2.133
342,4o6 1,706,467 400,076 441,936 230,241 195,550 769,449 231,112 168,198 242,532 128,44s 321,619 5,178, 3
6,772
2,996

905,915 203,113
2037^
500
500
3,302

7 2 7 7 ^ 103,609
100
296

20,927
21,117

9,220
3,552

7,577
2,603

4, ll4

3,177 11,278
3,324
2,950 3,737
2,196
1,510
6,4l6
1,603
1,415
2,421
21,169
2,048
9>(95 28,203 ^ > 9 ^ ;

3,202
1,134

bills discounted with, dt ©old to
Reserve banks

2,4+8

81,490

£9,4bb

23,062
32,05**
Cc’ Jnn 7£*Uoi 1 G?C*OlG
98,517
673,210 96,460 128,111 55,171 4? 634 230,740 61,630 48,781 69 ,100 ^ , 4 0 1 1 , 620,076
36,073
110,762 52.235 36,751 31,979 13,4-88 55,234 34,225
S, 887
,733 • *7
» 56.2
163__________________________________ 19______ J & ...JLQCg______ 4_02--- 180
^ 73|
M
6,325
157,923 933,588 166, 4o6 is6,l94 39,277 70,975 316;7S0 109,355 7 0 , 092121,267 65,676 1.3,754 2 , 4 o .,2^7
160,876 689,212 210,099 230,950 128,544 111,823 415,139 108,43 1 38,106 101,269 51,200 19|,.g88 2 .4SS,537
11,552 34,24* 11,816 10,70S
5,189
7,327 18,043 . 7,181
5,098 12,7^3
6,279
6,407
136,>91
2, 287 _.__JL3lL5-- 1,570
,.1,36. --- 3 Z L ---133— 1 J 3 3 — — 7- 537
2
18
» 5 ... 3y7
_,
■ —
3 4 2 ,4o6 1,706,467 400,076 441,986 230,241 195,550 769,449 231,112 168,198 242,582 128,442 .,21,619 5,1?8,134

Contingent l i a b i l i t y as endorser on

other Federal


4,712

n
17,000

-

11,5^0

-

rQ *7.7

20,000

-

-

- - > *>1

St.249c

Released for publication Sunday morning March 9, 1919? not earlier.

STATEMENT OF IEBEHAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS MARCH 7 , 1919 *
(In thousands of dollars-)
Boston
New York P M la. Clevjl. Ricks« Atlanta Chicago S t . Louis Minn. ICans-Cy. Dallas San FranISESRAL KESFRVB NOTES:

Rece r, 3 d frca Ccup trc liar
Returned to Ccdptroxler
Chj.rsal'lR to F,R„Acont
In hai:do oi. l!,*R*A^^it
Iss-ec5 to J\R» ba nic less eoount
re-,n:n^d to F .E .A s ^ n t for re­
demption

262 280 1,355 680 335,420 333,240 205,220 2.04,960 563 560 171 720
75!765 ___% 7 1S29 ?3.919 54,452 50,6.37__35^433. 8?'331 39.’570
18^,115
917,831 241,501 279,328 15^,533 169,522“481,229 132,150
21,200
152,400 20,500 32,770 23,075 5^,325 45’ 000 10*635
165,915

765,451 221,001 246,6 is _ i3 iI j52_ 115,197 436,222 121,515

Total

124,280 158,700 101,960 252,920 4,071,7^0
_
23.839 36,564 25 , 70 S 29,524_ Jjjfr,686
101,041 122,13.6 76,252 223,336 3,086,054

11*500

14*020

89,541 108,116

23,725

6,000

415,150

> ^
52,527 217 ,33 o 2 , 670,903

C0LI- T51
Ar RAL SECURITY FOR OUTSTANDING
Gold coin and certificates on hand
Geld P^xvrvtior. TV’c
l
Geld S^ULaueut Fund - F.R.Board_
Eligible paper, Minimuca required
To tal

13,052
5,749
3,505
2,483
2,399
9 . 64s
12,124
3,079
poo 345 60,931 3'8,500 44,360
39‘ oco
70,000 52,289 95,000 42,000 3^,270
140 ’f - _ 5 7 . 07 q 3 5 . SOfa
] 54_
61.357
117 ^267___ 503 ..270155.925 109.993___ 8.6
*319__ 1 551.
^
43C228 121,515 89,541 108,116
165,915 765,451 221,001 246,618 131,458 115,197

ittlCUFT OF EIIGI3IE PAPER DELIVERED
TO F. R A V m
- C fC

160,4oo

173,740
12,441

-

30,270
11.355

844,819 159,092 152,365

-

94,974

2,503
_ 873

78,630 203,349

75,907

50,615

87,599

12,581

2,727
3,684

12,954
78,252

232,146
79,457

852,237

3 3 .4 7 5 1 2 6 ,1 24..1JsOZJ^ol

52,527 217,336 2,670,903
53, 796- 133 , 867 2,101,419

ME M 0 R A N DA
FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION
F. R notes outstanding
F. R. notes held by bank
F- - notes in actual circulation
R

Bills discounted
Bills bought in open market
U.S.Go^ernuent short-tens securities
Municipal warrants



765 451 221 001 246 613 131 , 45 s 115,197 436,228 121,515 8 9 ,5 4 i 108,116
7 i %
I o m
\ r;M x
? QiU
v A
21,081 13.Q8H ....6 > $ 3 - ^ l Z L 160, 876 ' 689,’212 2107099 230,950 122,544 111,823 415, 1)9 108,431 88,106 101,2b<
165,915
5,0.39

52,527

2 l7 ,3 3 o -,670,903

>
1,200 192,288 2,4ss,537

DISTRIBUTION OF BILLS, U.S. GOVERNMENT SHORT-TERM SECURITIES AND \ A R N S JY MATURITIES
-RAT
Total
31 to 60 days 6 l to 90 days Over 90 day:
l6 to 30 days
T7ithin 15 days
, 887,727
21 ,130
74,323
54,691
207,151
1, 530,432
273 , 493
16,913
21 , 94s
90,233
83,799
159,235
137,072
2,216
2.02
19,745
4

4

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