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Released f o r p u b l i c a t i o n Sunday morning

S t . 2^9
March 9, 1919# not e a r l i e r «

STATEMENT FOR THE PRESS March 8, %919«
Aggregate g a i n s of 16*7 m i l l i o n s in cash r e s e r v e s , mainly g o l d , as a g a i n s t
i n c r e a s e s of 5*4 m i l l i o n s in n e t deposits and of 16-2 m i l l i o n s in Federal Reserve n o t e c i r c u l a t i o n are i n d i c a t e d in tho Federal Reserve Board* s weekly bank
statement i s s u e d as a t c l o s e of business on March 7* 1919War paper on hand shows an i n c r e a s e f o r the week of 33 -5 m i l l i o n s , holdings
of o t h e r discounted paper f e l l off 2$.6 m i l l i o n s , and those of acceptances 3 -4 m i l l i o n s * As the r e s u l t of r e d i scounting w i t h other Federal Reserve banks
f o u r Reserve banks r e p o r t aggregate contingent l i a b i l i t i e s of 69 *2 m i l l i o n s ,
a s a g a i n s t 73 *7 m i l l i o n s the week before + U- S* s h o r t - t e r m s e c u r i t i e s , c h i e f l y
1 - y e a r Treasury c e r t i f i c a t e s to secure Federal Reserve b a n k n o t e c i r c u l a t i o n ,
went up 4 , 1 m i l l i o n s -

Total earning a s s e t s show an i n c r e a s e f o r t h e week of

8*6 m i l l i o n s .
Government d e p o s i t s show a d e c l i n e of 15 m i l l i o n s , members1 r e s e r v e dep o s i t s increased 5 - 1 m i l l i o n s , while n e t d e p o s i t s because of t h e reduced " f l o a t n
show an i n c r e a s e of 5 ^ m i l l i o n s •

Shipments of Federal Reserve n o t e s f o r the

use of American troops in France, also to the West I n d i e s , account f o r some of the
i n c r e a s e in c i r c u l a t i o n abo ve n o t e d , e s p e c i a l l y the i n c r e a s e r e p o r t e d by t h e
New York Bank.
Following the enactment of amendmmt to Section 7 of the Act, the Federal
Reserve banks t r a n s f e r r e d to Surplus account 26,7 m i l l i o n s which had been r e served a t t h e c l o s e of t h e year to pay the f r a n c h i s e t a x to the Government, i n c r e a s i n g thereby the Surplus f u n d to over 60 per c e n t of t h e p a i d - i n c a p i t a l
of the Reserve banks *




Released f o r p u b l i c a t i o n Sim day morning
March $> 3-919, no e a r l i e r
St.S^ga
STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TV.ELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MARCH J , 1919 ,
March
8, I9I8
March 7, 1919
February 28,1919 '
RE S O U R C E S
$ 3^1,070,000
$345,762,000
$4-64,144,000
Gold coin and c e r t i f i c a t e s
513,227,000
463,484,000
354,535,000
Gold Settlement Fund. - F-R.Board
5,829,000
5,829,000
52,500,000
Cold with F o r s i g i a g e n d o s
858,126,000
815,075,000
871,229,000
Total gold held by banks
i,i63,g4o,ooo
1,127,760,000
896,702,000
Geld with Federal Reserve Agents
117,513.000
120,163,000
20,267,000
Gold Redemption Fund
2,139,479,000
2,122,998,000
1,788,198,000
Total gold r e s e r v e s
65,93^,000
65,725,000
59,685,000
Legal tsr.dsr n o t e s , s i l v e r , e t c .
2,205,462,000
2,188,723,000 1 ^ 7 , 8 8 3 , 0 0 0
'focal r e s e r v e s
1,701,487,000
*1,667,965,000
264,501,000
B i l l s discounted:5 S e c u r e d b y Government war o b l i g a t i o n s
( A l l other
186,240,000
* 211,855,000
255,839,000
273,4j3,QOO
276.919,000
517.952.000
Bi l l s bought in open market
2,161,220,000
2,156,739,000
838,292,000
Total b i l l s on hand
27,057,000
27,094,000
72,154,000
U.S.Government long-term s e c u r i t i e s
159,835,000
155,688,000
182,822,000
U--S•»Government short—term s e c u r i t i e s
4,000
4.000
4.064,000
A l l other earning a z e e t s
Total earning a s s e t s
2,348,116,000
2,33.9,525,000 1,097,33 2,000
Bank premises
9,720,000
9,713,000
Uncollected i turns and other deductions from gross deposits
599,197,000
653,465,000
343,396,000
5/o Redemption Fund a g a i n s t F»R. bank notes
7,429,000
6,813,000
537,000
8,210.000
8,497.000
761,000
A l l other r e s o u r c e s
TOIAL EESuLxOS
5,178,134,000
5,206,736,000 3,289,909,000
L I A B I L I T I E S
81,490,000
81,452,000
73,624,000
Capital paid-in
49,466,000
22,738,000
1,134,000
Surplus
195,559,000
210,547,000
56,208,000
Government d e p o s i t s
1,626,076,000
1,620,972,000
1,465,504,000
Due to memberu -serve account
456,289,000
494,653,000
216,986,000
Deferred a v a i l a b i l i t y items
123,363,000
124.012.000
zf
77.137.000
Other deposits including foreign government c r e d i t s
1
2,401,287,000
2,450,264.000
1,815,835,000
Total gross deposits
2,488,537,000
>
2,472,307,000 1,383,990,000
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
136,591,000
134,042,000
8,000,000
F. R, bank n o t e s in c i r c u l a t i o n - net l i a b i l i t y
20,763,000
!&2&°oo
LJgi.oro
A l l other l i a b i l i t i e s
5,178,134,000
5,206,736,000 3,229,909,000
TOTAL LIABILITIES
Ratio* of t o t a l reserves to net deposit and F.R, note
51.4$
51.35S
64.7^
l i a b i l i t i e s combined
"Ratio of gold reserves to F.R. notks in circulation after
63.3%
63.155
setting aside 35$ against net deposit l i a b i l i t i e s



*

Amended f i g u r e s .

Released f o r p u b l i c a t i o n Sunday morning March 9, 193-9*
St.2U9b
WEEKLY STATEMENT OF EE SOURCES AND LIABILITIES OF EACH OF THE FEDERAL RESERVE BAMKS AT CLOSE OF BUSINESS MARCH 7, 1919>
(in thousands of d o l l a r s . )
ip t - i
RESOURCES
Boston New York Phi l a , Clevel. Riclxa. Atlanta Chicago S t . Louis Minn- Kans-Cy- Dal la. s San Fran.
o a
Gold coin and c e r t i f i c a t e s
3, 104
260,43 U
2X4 l4,44o
?59
8,293 22,555
4,325
2,268
92
,
Wq4l
511 227
Gold Settlement l a n d - F-R.Board
43,537
53,226 46,862 66,152 29,341 21,435 121,461 22,919 26,372 29,654 14,325 35,9 3
5 , 7

S3I3EISL,, iStfitilfctitlisi all SiiltflRi>51
lawsss.
m &MMM

i e f - ' a s ££ s ^m.s e^ i9,toe1! n >» ^3
i T
i
a
I W
:
o

^''lotafeamin^LIet^"

Bank premises
Uncollected items and other deauctions from g r o s s deposits
% Redeaption Fond - F.R.bank notes
A l l other resources
'TOTAL RESOURCES

"i73,3^
800

905,915 2 0 3 7 1 ^ 7 ^ 7 9 7 ^ 1 0 3 , 6 0 9
3,302
500
100
296

9%.977
217

224,437 90,476 61,30s 102,503
2,944

5^0

-

400

r

r

64

»^21 154,322
221
, c

4%,706
145,811 60,109 47,784 40,862 26,302 74,657 42,155 12,273 5 < 59
9,
1,269
1,812
6 25
544
16?.
393
731
305
227
690
315
188
2,113
852
5-28
621
§13
965
3 l l _ l ^
4^—790
342,4o6 1,706,467 400,076 441,986 230,241 195,550 769,449 231,112 168,198 242,522 128,448

c

400
),7X
'-zcC
356
959

$

2,343,116

c QQ 1 Q 7
j'kpq
7,429
^10

321,619 5,17s, 3

I l i a ^ iSifM di so:! M M ^ 8I3f I I I :##
111 111 111 :2
I

F.R.bank notes - n e t l i a b i l i t y

" m ™ S E s

11,552

34,248

11,816

10,708

5,189

7,327

18,043

7,181

5,098

12,

6,279

e S

6>07

136,^1

32ll6l9l7r78,yU

Contingent l i a b i l i t y as endorser on
b i l l s d i s c o u n t e d w i t h W ©old t o
Reserve banks

 e r F e d e r a l
oth


17,000

-

11,$00

-

20,000

-

-

~

~

*

r 0 pz 7

Released f c r p u b l i c a t i o n Sunday morning March 9, 1919?

no

St.249c

* earlier,

AC
STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE 01' BUSINESS M R H 7, 1919(In thousands of d o l l a r s -)
Boston
New York p h i l a . Clevel. B i s k s . Atlanta Chicago St.Louis Minn. ICans.Cy. Dallas San FranFEDERAL EESFRVE FOTSS:
Bece r , 3 d f r o n Ccx:p trc H e r
Returned to Comptroller
Chargeable to
Acoat
In hard.; of P.R.Agent
Issued to F,R« bsr^. l e s s amount
r e s u m e d to P.P.-Agent f o r r e demption
COTJ-ATERAL SECURITY FOB OUTSTANDING
N0:1B
Gold coin and c e r t i f i c a t e s on hand
Geld Pd amotion ?u-d
Gold S u t h l ^ e n t Fund - F.R-Board_
Eli£,>hie paper, Minimum. r e q u i r e d
Tc t a l
AMCUFT OF ELIGIBIE PAPER DELIVERED
TO P. R. AGiBTT

Total

262 880 1,355 680 335,^20 333,240 205,220 2.04,960 563 560 171 720 124,880 158,700 1 0 1 , 9 6 0 252,920 4 , 0 7 1 , 7 4 0
75/765
18^,115
21 200

437,829
52__^ c kG?L_35iC^ 82!331 39.570 23.839 36,564
917,83! 241,501 279,388 154,5)3 169,522 "481,™229 132,150 101,041 122,13.6
152,400 20,500 32,770 23,075 54,325 45',000 10',635 n',500 l4'020

165,915

765,451 221,00 1 246,613 131,458 115,197 436,228 121,515

>o ^,670,903
29,541 108, 116 52,527__217133 2,

173,740

13,052

9.648

39',000

-

30,270

-

2,503

-

5,749 3,505
2,483 2,399
290,345 60,931 33,500 4U,36o
70,000 52,889 95,000 42,000 3^,270
12,441

12,184

11,355

3,079

273

25,70s 29,584 ,28x686
76,252 223,336 3,086,054

23,725

12,581

6,000

-

,

2,787 1 2 , 9 5 ^
3,684 78,258

415,150

232,146
79,^57

852,237

117 ^267

165,915

509 ^ 0 _ 3 5 ^ a ^ o ^ c ^ _ g 6 ^ H . a _ j 4 , j 5 i . 1U0 134 57.079
765,451 221,001 24b,618 131,45s 115,19/ "436^228 121,515

35. SOfa 61.357
89,541 108,116

33 • 475 JL26^124_1^Q7^0D1
52,527 217,336 2,670,903

160,4oo

844,819 159,098 152,365 9^,97^ 72,630 203,349

50,615

53,796. 133,867 2,101,419

75,907

87,599

M EM O S A N D A
FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION

165,915

7
j% M
f
:

F. R. n o t e s outstanding
F. R. notes held by bank
F.R. notes i n a c t u a l c i r c u l a t i o n

.5,03°
160, 876

B i l l s discounted
B i l l s bought i n open market
U.S.Golernuant short-terra s e c u r i t i e s
Municipal warrants

DISTRIBUTION OF BILLS, U.S. GOVERNMENT SHORT-TERM SECURITIES AND WARRANTS -Y MATURITIES
Total
Over 90 day;
6 l to 90 days
31 to 60 days
l6 to 30 days
Ui thin 15 days
,887,727
21,130
74,323
207,151
54,691
1,530,432
273 , 493
16,913
90,833
81,948
83,799
159,835
137,072
2,816
2.02
19,745
4
4




689, 212 210^99 230,950 128,544 111,823 415,139 108,431

88, lOo 101,2br:

; 1,200 192,888 2,428,537

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