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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 S u n d a y c o r n i n g I.Iay I919; not e a r l i e r S T A T E D ? FOR T I j E P R & S S . Hay], Discounts in are indicated in of some v o l u m e o f wor p e p e r , a l o o l a r g e r p u r c h a s e s of a c c e p t a n c e s uhe F e d e r a l Re s e r v e B o a r d ^ s w^oicXy s i/atemerit s h o w i n g c o n d i t i o n t h e F e d e r a l R e s e r v e b a n k s a s a t c l o s e of b u s i n e s s o n May 2 , The week saw a n i n c r e a s e of a g a i n s t a c u r t a i l m e n t of I9I9, 2 ? . ^ 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 a s 11 m i l l i o n s of o t h e r discounts* d i s c o u n t f o r o t n e r R e s e r v e b a n k s t o t a l e d 98*7 m i l l i o n s , t h e week b e f o r e . Paper held under r e compared w i t h 91 m i l l i o n s I n a d d i t i o n t h r e e R e s e r v e b a n k s r e p o r t among t h e i r a s s e t s 4 * 8 m i l l i o n s of b a n k a c c e p t a n c e s b o u g h t f r o m o t h e r R e s e r v e b a n k s w i t h t h e i r ment, c o m p a r e d w i t h 7 * 2 m i l l i o n s t h e week b e f o r e * an increase f o r the c per cent millions. t h e w e e k of 9 v 5 m i l l i o n s , described, while Treasury c e r t i f i c a t e s , l a r g e l y of i n c r e a s e d 2*8 a s the r e s u l t o f ^ s e v e r a l l o a n and i n v e s t m e n t i n c r e a s e d by 28.6 m i l l i o n s . Government d e p o s i t s i n c r e a s e d 5 1 , 6 m i l l i o n s , trillions, endorse- To t a l a c c e p t a n c e s o n h a n d show type to secure F e d e r a l Reserve bank note c i r c u l a t i o n , Total earning assets, operations just igig w h i l e n e t d e p o s i t s show a g a i n o f reserve deposits f e l l off 22»9 m i l l i o n s * I9.9 This g a i n goes hand i n h a n d w i t h a s l i g h t r e d u c t i o n i n t h e v o l u m e of 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 lation, a n d a d e c r e a s e of 2«9 m i l l i o n s i n c a s h r e s e r v e s * d e c l i n e of The r e s u l t i s seen i n a t h e b a n t e s ' r e s e r v e r a t i o f r o m 5 2 * 1 t o 5^-*7 p e r c e n t . Payment f o r F e d e r a l R e s e r v e b a n k s t o c k by newly a d m i t t e d m e m b e r s , c h i e f l y i n t h e B o s t o n a n d LTew Y o r k d i s t r i c t s , i n t h e t o t a l of p a i d - i n c a p i t a l a c c o u n t s l a r g e l y f o £ t h e i n c r e a s e of $ 1 S 3 , 0 0 0 shown. R e l e a s e d f o r p u b l i c a t i o n S u n d a y m o r n i n g May 4 , 1919) n o t e a r l i e r . St. j6la STATQ/ENT OF COIvBIIJED RESOURCES AM) LIABILITIES OF THE TWELVE FEDERAL BESEEM BATIKS AT CLOSE OF BUSI1IESS May 2 , 1 9 1 9 . RE S O U R CE S May 2 , 1 9 1 9 A p r i l 2 5 , 1919 May 3 , i g i g , Gold c o i n and c e r t i f i c a t e s $346,707,000 $3^0,022,000 $1182,832,§00 G o l d s e t t l e m e n t f u n d - FVR, B o a r d 600,989,000 *" 605,809,000 437 >771,000 Gold w i t h f o r e i g n a g e n c i e s -» ^P, $00 , 0 0 0 — T o t a l gold h e l d by banks 9^7,^96,000 9 4 5 >831 *000 97.3 , 1 0 3 >000 Gold w i t h F e d e r a l Reserve Agents . 1 ,104,699>000 1 * 1 0 9 >9^9 >000 862,29b,-COO Gold Redemption Fund l l 4 , 2 2 3 >000 113 >436>000 ^ ^ 24 , $ 4 1 , 0 0 0 — Total gold reserves 2,166,618,000 2 , 1 6 9 , 2 1 6 , 0 0 0 1,859 >9^0,000 Le^al tender notes, silver, e t c . 70,601,000 70,93^,000 60 , 0 ^ 3 >000— Total reserves 2123772T^0002 ^ , 1 5 2 7 0 % 1 , 9 1 9 , 9 5 3 >000 . T_. .. , n ( S e c u r e d b y G o v ' t , war o b l i g a t i o n s 1,788,068,000 1,760,672,000 606,630,000 B i l l s discounted ^^her 178,715,000 189,7^0,000 266,812,000 B i l l s bought i n open m a r k e t T o t a l b i l l s on hand 195,284,000 Government long-term s e c u r i t i e s U. S« Go/arrmenb s h o r t - t e r m s e c u r i t i e s All other earning assets TJrS Total earning assets Bank premi s e s U n c o l l e c t e d i t e m s and o t h e r d e d u c t i o n s from g r o s s d e p o s i t s 5/b R e d e m p t i o n f u n d a g a i n s t F * R , b a n k n o t e s All other resources TOTAL RESOURCES L I A B I L I T I E S Capital paid-in Surplus Goveriindnt d e p o s i t s 143,273,000 Due t o m e m b e r s - R e s e r v e a c c o u n t 1,644,434,000' $12,703,000 Deferred a v a i l a b i l i t y items 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 128,466,000 Total gross deposits F»Ro 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 AH other l i a b i l i t i e s TOTAL L I A B I L I T I E S 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 a n d F , R * n o t e l i a b i l i t i e s combined R a t i o of g o l d r e s e r v e s t o 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 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 185,822,000 2,162,067,000 27,132,000 194,262,000 - 191,501>000 2 ,383 , 4 b l , 0 0 0 1 0 , 9 7 ^ > 000 653>926,000 o, 636,000 8 ,010,000 5,302,226,000 3^,378,000 .2,537*000— 2,35^" >870,000 1 , 2 5 0 , 5 6 9 >000 10,57^" >000 63O ,6l4,COO 37^,605,000 8,176,000 537,000 8 p O l ,000 3 ? 9 ?00Q— 5,252,687,000 3,$48,02),000 82,198,000 4o,466,000 82,01$,000 49,466,000 91,726,000 1,664,320,000 491,605,000 135,057,000 2,428 ,876,000 2,549,040,000 l6l,4$0,000 31,196,000 5735272^^00 297,029,000 2,136,234,000 1,170,471,000 2J , 1 3 5 , 0 0 0 4 l ,153,000 7$,049,000 1.134,000 73,388,000 1,474, $18,000 257,593,000 91,5§3,000. 2 , 3 8 2 , 7 0 8 , 0 0 0 1 >897 ,5 0< ^ , 0 0 0 2 , $ 4 o ,5^52,000 1 , $ $ 6 , 6 6 0 , 0 0 0 158,848,000. 7 >@80,000 ^0,098,000 _ 9,6)8,000 5 , 2 5 2 I b S J ',000 3 , 5 5 1 7 0 2 3 ^ 0 0 0 51.7$ 52.1# c \ <# o^Ap <_ 3 62,k/c R e l e a s e d , f o r p u b l i c a t i o n S u n d a y m o r n i n g May 4, 1919; not e a r l i e r . ?6 l b s t WEEKLY STATEMENT OF RESOURCES AND L I A B I L I T I E S OF TIE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS LIAY 2 , I 9 1 9 . ( I n t h o u s a n d s of d o l l a r s » ) R E S O U R C E S „ ,, . __ J0;^ Clevel. Richn. A t l a n t a Chicago S t . Louis Minn. Kans-Cy. D a l l a s S a n . F r a n , Total Gold c o m a n d c e r t i f i c a t e s 3,->30 2va,02^. 316 25,259 2,226 8,102 22,895 3 967 g 347 I2g 7 172 g 744 346 707 Gold S e t t l e m e n t F u n d - F . R . B o a r d _ | 8 J i l 2 —^1,523 54,706 21.650 7 . l 6 g 126.186 28I260 27 .*893 2 7 . 8 9 0 6 | o 8 1 31,'292 600^989 10-uai g o l d h e l d b y b a n k s 31,2^7 455,589 42,294 79,965 23,876 15,270 1 4 9 , 0 8 1 32,227 3 6 , 2 4 0 2 8 / 0 1 8 1 3 , 2 5 3 U0,036 947,696 Gola w i t n F e d e r a l Reserve Agents >8,201 27b, 0 9 5 7 2 , 1 1 3 1 3 0 , 7 0 4 3 ^ , 7 9 6 4 5 , 8 3 8 2 5 3 , ^ 7 4 4 , 8 1 1 32,126 3 3 7 4 3 1 6 > 3 1 106,394 1 , 1 0 4 699 Gola^Reaem?oion Fund -1L-560 25,,000 1 1 , 2 0 2 2,132 I2.4qi 5.072 23.450 5.313 3.768 8,505 2,824 816 13.4.223 10 gv,.d r o i / s r v u s ^ -03,608 7 5 o , o 8 4 125,699 212,801 71,163 66,180 4 2 5 , 9 7 8 8 2 , 3 5 1 7 2 , 1 3 4 70,266 32,508 1 4 7 , 2 4 6 2,166,618 L e g a l u j n a e r 110ces, s i l v e r , e t c . 52^221 gj?3_ 1,191 557 1.4l6 1.1?7 2.36 8 74 127 2.323 422 70 oOl llliflS!ststiti Bilir^-o-it-X 111,560 808,905 126,522 213,992 71,720 67,596 427,105 158,981 678,623 180,939 84,719 72,208 70,393 34,831 147,668 2,237,219 Secured by Government war ^oDJigatjons (a) 55 9UO ' i0uai (a) resources Includes b i l l s 65 638 ' 72,772 209,305 68,052 53.USS 42,662 30,Bio ® ^ g *.90 39,507 41,83 5 53,236 20,923 81,029 1,788,068 16.1SS *9,560 25,711 27.S23 653,926 vs % va % a ? s - a s 5,302,226 discounted viz— Includes bankers' acceptances bought from other F.R. banks - - With their endorsement - Without t n e i r endorsement - '°69 86,677 3o3,6l5 1,797,139 407,496 449,680 228,631 l ? | f 2 7r9°,|72 222,324 159,911 233,153 121,381 329,102 f o r other F.B.Banks, (b) l62 135,095 - 4,625 - 28,500 - 150 - - 60,242 - - 10,000 37 2,980 - - 98,742 „ 5,042 - . - 23,062 4 31^084 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 May 4 , 1919; n o t e a r l i e r . St.361c WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF TIIE FEDERAL RESERVE .BASES AT CLOSE OF BUSINESS MAY 2, ( i n t h o u s a n d s of d o l l a r s . ) I9I9. L I A B I L I T I E S Capital paid-in Oc '7v. l ; Boston Ne«v Yovsz Pnxla. Clevel. 6,84^ 21,201 2.1,117 9,226 7,597 2,60s 3,552 11;835 20,070 Tj 0.3X)0 sx t s ~ — — — — — — — — lc_. 8.i.4 27,912 Do.e vo m e m b e r s - R e s s r v e a c c o u n t l Q 2 , 4 s 4 Deferred a v a i l a b i l i t y items 4l; A. 13. o vlri'31' cLopo S3 t 3 — — 1,272 . T o t a l cpross d e p o s i t s %7,973 F,R.»not^s in a c t u a l c i r c u l a t i o n P . R* b a n k n o t e s An c i r c u l a , t i c r x - n e t l i a b i i i by 16,^95 A l l other l i a b i l i t i e s — TOTAL LIABILITIES Contingent l i a b i l i t y as endorser on Discounted paper rediscounted w i t h o t h e r F . R. b a n k s Bankers1 acceptances sold to o t h e r F , R , banlcs — l , 4 ov t2 96,71s 128,188 115.335 957,307 741,385 173,71o 191,813 204,469 228,202 132,625 64,275 42,bS4 525 871 Ricfan* A t l a n t a C h i c a g o S t . L o u i s . I , l i n n . K a n s . C y . D a l l a s San F r a n . 11,4ob 3 , 8 2 5 2,977 3,751 6,4i6 1,603 1,415 2,421 4.00Q 2 . 7 1 5 27,912 10,341 3,519 7,311 52,007 43,456 233,490 57,776 47,583 7i,6l6 36,092 22,574 62,838 30,634 9,783 34,513 77 159 2 ^ 0 7 1 313 255 561 92,185 68,937 3 2 6 , 3 1 1 99,064 61,170 114,301 123,3H 115,539 422,296 105,020 8 7 , 9 8 0 97,665 4,192 2,196 3,237 1,510 Total 3,235 4,703 52,198 1,154 2,44s 49,466 5,44o 9.392 3 4 3 , 2 7 3 39,394 80,200 l 6 4 4 ^ : 3 4 16,270 is, 706 512,Z03 4l 6. W.4G5 61,145 114,594 2,4a , 8,"6 47,935 195,304 2,54- 9 , 0 4 0 34,724 16,561 14,773 5,224 8 , 5 2 1 21,426 11,693 5,505 13,262 6,695 6,571 161,450 2, )75 11,345 2,545 2,114 1,1/8 1,523 l, lib 3,01? 564 1. 157 1.750 2.152 3 1 ; 1?)6 j b j j b i y 1,797,139 407,496 449,680 225,631 198,922 790,87 2 222,324 159,911 233,153 121,381 329,102 5,302,226 M E M O R A N D A 35,217 30,000 33,525 4,812 98,742 4,812 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 182,968 6, 017 176,931 816,164 213,521 241,171 128,139 119,338 450,142 115,545 59,392 103,090 49,025 219.719 2,732,274 JMI2 9:. 112 12,969 4,825 3,799 27 . 846 13 . 525 1.412 5.422 1.090 21.. 41.5 1 8 2 , 2 3 4 741,385 204,469 225,202 123,311 115,539 422,296 105,020 ^DISTRIBUTION OF BILLS W i t h i n iF) d a y s 16 t o 3 0 d a y s B i l l s discounted B i l l s bought i n open market U*S.Groverraiient s h o r t - t e r r a s e c u r i t i e s 1,677,868 64,796 29,234 58,491 49,955 68 87,980 97,665 4?,935 1^8,]04 2,549,040 U*S# GOVERIRENT SHORT TERI\1 SECURITIES BY l.IATURITIES. 3 1 t o 60 days 6 l t o 90 d a y s Over ^ 0 d a y s 54,453 53,034 7,017 120,066 27,499 101 Total 25,905 1,966,783 157,842 195,254 194,262 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 May 4 , S t - 3 <0 I919; n o t e a r l i e r STATEMENT OF FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS MAY 2, ( i n t h o u s a n d s of Boston New Y o r k 1919- dollars.) Phila. Clevel. Richm. A t l a n t a Chicago S t . L o u i s M i n n . K a n s . C y . D a l l a s San F r a n . Total FEDERAL RESERVE NOTES: Recei Re t u i Char: I n h a n d s of F . R . A g e n t 28.500 I s s u e d t o F . E t b a n k l e s s amount r e t u r n e d t o F . R. Agent f o r redemption 182,968 lUj.GOO 18,360 31,920 28,110 58,920 33,480 19,780 12,s4o l4,130 23,105 4,200 4l6,945 836,164 2 1 3 , 5 8 1 241,1?]. 128,139 119,338 4 5 0 , 1 4 a 118,545 89,392 103,090 4o,025 219,719 2,751,274 183,7^0 - 13,052 - 1.1. R 1 2,380 42,4)1 73.754 1.674 17*400 57.266 2,383 JlJbO 69^7 COLLATERAL SECURITY FOR OUTSTANDING- NOTES: Gold, c o i n a n d c e r t i f i c a t e s on hand ---— —- = ~ Gold r e d e m p t i o n f u n d 11,201 Gold S e t t l e m e n t F u n d - F . R . B o a r d 4 7 , 0 0 0 E l i g i b l e p a p e r , m i n i m u m r e q u i r e d 124 7 6 / Total AMOUNT OF ELIGIBLE PAPER DELIVERED TO F . R. AGENT ~ 19,625 17,355 10,224 11,079 75,000 61,889 100,000 540,069 l 4 l . 4 6 8 110.46? 2,796 32,000 95.543 2,500 - 3,33-8 4 , 9 8 2 40,000 248,465 73".500 1 9 6 . 6 9 5 - 230 > ^9 3 2^665 1-1,016 8Vo")4 2,184 92,378 7 9 0 . 1O7 32.59- 1 1 3 ^ 2 5 :1.62b.575 182,968 8 i 6 , 1 6 4 2 1 3 , 5 2 1 2 4 1 , 1 7 1 1 2 8 , 1 3 9 1 1 9 , 3 3 8 4 5 0 , 1 4 2 118,545 89,392 103,090 49,025 219,719 2,731,274 176,737 747,962 143,758 161,683 101,500 82,459 250,084 61,762 96,352 50,809 115,526 2,069,76§ 81,133
@FedFRASER