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Released for publication Sunday morning Nov.

10, 19IS;

not earlier.

St

.60

STATEMENT FCB THE PRESS.
November 9> 1913*
Increases in the holdings of war paper* in Federal Reserve note circulation
and j.n member tanks * reserve deposits, accompanied b y somewhat smaller withdrawals
of aoveiTiiienu deposits are indicated by the F e d e r a l R e s e r v e Board’ s w e e k l y "bank
s t a t e m e n t issued'as at close of business on Nomaoer g , 191 S ,
Holdings of war paper, i «e *, discounted bills secured by Liberty
bonds^a n d t r e a s u r y certificates s h o w an i n c r e a s e f o r t h e w e e k of 64**1 millions and
c o n s t i t u t e at present 57*^* per c e n t of the .Reserve banks{ total earning assets, as
against 5 5 * 5 p e r cent the w e e k before* Other discounts on hand fell off 12 .g mill­
ions, N e w Y o r k and Minneapolis reporting considerable liquidation of this class of
paper* Bills purchased in 6pen market show a decrease of 2*5 millions, while Gov­
ernment short-term securities on hand show a net gain of 3*2 millions, three banks
reporting the acquisition of 1-year Treasury certificates to secure Federal Reserve
banknote circulation* Total investments increased about 52 millions*
S^QSITSJ Net withdrawals of 89 *1 millions of Government funds account largely
for the increase of 103*5 millions in members1 reserve deposits, all the banks*
except Dallas, showing substantial increases under the latter head* Net deposits
show a slignt decline of 1*9 millions*
1SSERVES: Gold reserves declined 5
millions, while total cash reserves fell
off 4**8 millions* The banks 1 reserve percentage because of the deduction in r *e
serves and of the increase in note circulation shows a decline from 50*4* to 4*9 *8
per cent *
^RCULATION: Federal Reserve Agents report the issue during the week of
about 3 3 millions net of notes* The banks show an actual circulation of 2,558.2
millions of Federal Reserve notes, an increase of 42:7 millions for the week, be­
sides aggregate liabilities of 68*9 millions, as against 63*3 the week before, on
Federal Reserve bank notes in circulation*
CAPITA^: Payment for Federal Reserve bank stock, following the admission of
new members and the increase in capital stock of member banks, accounts for an in­
crease of $4*64^000 in paid-in capital, New York alone reporting an increase under
this head of $397 ,000 <
CONDITION OF MEMBER BANKS, NOVEMBER 1, 1918 >
Substantial liquidation of Liberty bonds and Treasury certificates offset in
part by increases in loans supported by such securities are indicated.by the weekly
statement of condition on November 1 of 750 member banks in leading cities*
Treasury certificates on hand at all report5.ng banks fell off 50*5 millions,
and U*S* b'jnds5 other than circulation bonds, - 3 7 * 5 millions# For the central
reserve city banks corresponding reductions of 24- and 14-.2 millions are shown %
*8
Loans secured by U*S. war obligations went up about 7 7 millions, the Greater New
York member banks alone reporting an increase under this head of 57*1 millions ♦ All
other loans and investments show a total increase of 15*3 millions, notwithstanding
a decline of 1 2 *6 millions shown for the item by the New York members* The ratio
of U<S> war securities and loans supported by such securities to total loans and
investments shows a sligh't decline from 22*3 to 22*2 per cent* For the central
reserve city banks this ratio, because of the relatively larger increase during the
week in loans secured by U*S» war obligations, shows a rise from 23*3 to 23*6 per
cent *
Government deposits show an increase for the week of ^18*6 millions, of which
303'7 millions represents the increase at the centre! reserve city banks* Inversely
net demand deposits show reductions of 184*6 m i l l i o n s at all reporting banks and of
. 29*6 millions at the banks in the three central ro serve cities* Time deposits
1
show a gain of 29 .7 millions* Reserve balances with the Federal Reserve hanks de­
clined 187*4- millions, both the banks in the central reserve and in the other re­
serve cities reporting 3arge reductions in their b a l a n c e s with the Federal Reserve
banks* Cash in vault also shows a decrease of 10-4 millions*
For all reporting banks the ratio of investments to deposits, because of the
large gain in Government deposits, shows a decline from 130 ♦ to 126 » per cent*
.£
8
Jor the central reserve city banks this ratio declined from 121*1 to 117*6 per
;:ent . The ratio of combined cash and reserve balances to deposits, because of the
■
;.arge reduction in reserve and the considerable increase in deposits, shows a rela­
tively larger decline from 16,3 to 13'9 per cent* For the central reserve city
janks a decline in this ratio from 17*9 to 15*2 per cent is seen. "Excess reserves"
of all reporting banks declined from 232*6 to 67 millions. For the central reserve
city banks a decrease of this item from l4- *5 to 4-8*9 millions is noted*
g




Released for publication Sunday morning November 10, 1918; not earlier.
St.60a
STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS NOVEMBER 8, I 9I 8 .
R E S O U R C E S
November 8, 19 I 8
November 1, 191S
November 9,1917
Gold in vault and in transit
$ 386 , 437,000
$ 383,833,000
$
507,4-03,300
Gold settlement fund, F. R. Board
435 , 1 52,000
+
3 8 5 .7 2 4 .0 0 0
449.248.000
Gold with foreign agencies
__ S,829J)00
5 2 .5 0 0 . 000
5.829.000
Total gold held by banks
827,712,000
945 . 627.000
838.910.000
Gold with Federal Reserve Agents
1,11+5,640,000
6 1 6 . 254 . 000
l, 149,859,000
Gold redemption fund
___ 7 3 , 233,000
____ 1 11 496 , 000
63.460.000
Total gold reserves
1,573,377” 000
$2,046, 591,000
?2 ,C 52 , 229,000
Legal tender notas, silver, etc.
52.208.000
5*+, 248.000
53 • 456,000
.
Total reserves
1,625,585,0002,100,839,000
2,105,685,000
Bills discounted:Secured by Govt.war obligations
l,252,904/)00
1 , 316 , 967,000
510 . 154.000
A H other
4-93,04^, 000
i+go, 271,000
Li11s bought in open market
181.001.000
,..37 ^ 52 2.0 00
377.0~fr2.000
Total b^'lls on hand
691 , 155,000
2 , 1 7 1 , 760,000
000
2 , 123 , 019 ,
U .S . U ? c r D .3 t long-term securities
o f > i!n > t t
53,743,000
29. 479.000
COO
29 , 472 ,
U.S. Governaont short-term
"
42,367, C w
91 . 956.000
C (o
>
88, 750, vCO
All C'ther earning acsfits
_________ 2S,_oqo
___ 1 , 273 ,0 00
1 5 x 000
Total earning assets
.241,2(6,
2 , 2 9 3 , 2 2 3 ,0 0 0
7SS, 53£, ^00
Tineo'lletted items ^dea.net from gross deposits)
279 . 521,000
6S7,46 S, coo
6s4,3l5- GOO
5r> Red'raption fund against F.R. bank notes
537,000
3 , 924,000
3,763, oco
All ocher resources
18. 790.000
17.075. 000
.2 , 989., .PPQ
TOTAL RESOURCES
5, 104, 244, GCC
2 , 69( , 1 (0, wOO
5 , 052, 114,000

A

L I A B I L I T I E S
Capital paid-in
Surplus
Government deposits
Due to nenbers, reserve account
Collection items
Other d e p o s i t , including foreign govft. credits
Total gross deposits
F* J no'oes in actual circulation
fl*
P, R« bank rotes in circulatio n - net l ia b ilit y
A ll other l i a c i l i t j e s
T o m LIAB I HiTIES
Ratio cf total reserves to net deposit and F .R .
note l i a b i l i t i e s combined
Ratio of £olcL reserves to F*R« notes in actual
circulation after sotting aside 3 5 f° against
net deposit l i a b i l i t i e s



79 , 360,000
1 , 134, COO

7 9 ,8 2 4 ,0 0 0

1, 134,000
16c, 256,000
L 5^5, 396,000
,
527,796,000

Ii4 .o 4 i.o co

, 5? ,198,000

24-9,3 9 7 , 0 0 0

i,»Y42,493,ooo
543,975,000
~ H I . 827.000
2 .348. 989.000
2. 558. 196.000
0 5 . 864.000
47 . 237.000
5 .1 0 4 .2 4 4 .000
4 9 . 8^
59.4f0

65 , 345,000

2 . 3 4 7 . 692.000
2 . 515 . 504.000
6 3 , 332,000
1+5. 086.000

5 . 052 .114 .000
50.4 f
o

6

0

. 6

$

1 ,4 0 0 , 982,Ouo
jj
187 ,0 , 0\\
vj
___ 34 , 800 , OO
1 ,6 8 8 .0 6 8 ,oOO

932 , 512,000
S ,000,000
.245^000
2 , 697, 170,000

69 • ¥

released for publicat:- on. Sunday rooming November 10, 1918; not earlisr.
St.60b
WEEKLY STATEMENT OF RESOURCES A1TD LIABILITIES OF EACH OF USE FEDERAL EESERVE BANKS AT CLOSE OF BUSINESS NOVEMBER 8, 1918.
(In thousands of dollars.)
R E S O U R C E S
Boston New York Phila. Clevel. Riclm. Atlanta Chicago St Louis Minn- Kans. Cy • Dallas San FranGold in vault and in transit
3,491
277,226
346 38,073
6,226
7,70S '£4.979
1,252
8,310
123
6,122 I t , 581
380,437
Ck- settlement fuz'd F.ruBcard
Id
51,928
71,893 *K>,171 32,876
9,074 12,655 78)177 30,571 26,585 29,977 12,370 39,175
435,452
Gold, with £oral go. agencies
_____408_____ 2,011
4o8
525
* 204
175
816
233
233
291
204______ 321______5,829
Total gold hexd by berks
55,82?
353,130 40,925 717474 157503 207538 103,'972 32,056 35,128 30,391 20,696 50,077
827,718
Gold w »n federal Reserve Agents
67,261
283,856 82,212 140,880 60,384 45 ) 315 190,989 4S,790 53,007 4S,044 24,129 100,773 1, 145, ^40
Gold redemption fund
6,Oc
.4
2 4,992
7,500
554
6,244
4,385 10,729
3,24-6
3,^39
3,759 ,
Total gold reserves
129,182
659,978 130,$3*7 212,908 ’827132 707238 305 ,690 84,092 91,574 8 2 ,195 46,981 150,385 2,04b, ?jl
?
Leg®-! t-nd^r notes, silver, etc.
__ 3, 9^3
43. 483
637
434
66l
185
1 , 3 3 5 ' 2, 0 5 4 _____ 64
} 2S
1' YtS
2£2
Toxal reserves
133,125
703,461 131,274 213,3^2 82.793 70,423 307^025' 86, lW ~ 91/638 82,322 48.083 1^1,20/ 2,100,839
Bills Jrjocrby Govt<
•
war obligations 11 S , $43
574, 655123,571 73 , 2i4 65) 3*48 Us, 89U 15'8,336 „ 5U, 26*
+
9 , 9^3 29,999 l4,394 ^7 ,>06 1 , 31 b , 967
D5 3r t d /;.U 1 . :ther
‘
11 ,616
103,678 15,239 19,371 20,197 36.556 93, stfT7 31,255 28,405 53, 5^2 28,955 37,537
4
48C , 271
Bills ij01,rh.j in open market
30. 710___ 134. 0U5 4?t343__ 60,597___ 9,660 12 .560 32 6Sh
3,399
3.843
7, 442 _ 2,340__ 2 U 2 9 -Total M i 1? on hand
159,169
812,373 181*153 1537X5 95?205 $8,010 284,857 88,318 ~U2,191 90,983 46,329 119,3^2 2,171,760
U«3 .G.;v: t . long-term securities
1,760
1,400
1)358
1,088
l)234
520
4, 509
1,153
126
8, So?
4,003
3,4ol
29,479
u. S lr^v’ t-short-cer.u securities
4,4l6
37,089
6,318 10,825
2,785
3 , 96? 10,612
5,070
3,066
2; 9S6
1,902
2,920
91,556
All cthc’ eiurni- assets
ag
____________________ ________ _________ ____________ 2S
________ ________ ________ ________ r________ 3_____________ §?
Toti.1 oaKiing assets
165,345
850,867 188,829 165,098 95,224 102,525 300,018 95, l4l 45,383 102,836 52,23*+ 125,723 2,293 , 223
Uncollected items (deduct frcm
h" -' deposits)
* 7,108
+
1 ^ 3,350 6l , 8is 57,494 54, SOI 45,203 80,621 61,526 15,783 67,868 20, 5^8 31,348
6 87,468
ied^!..:'c j.cri fund against F.R.
•br,- r.o^e-2
>
121
1,309
225
275
135
1U9
537
151
88
471
2l 6
207
3,924
_
777______ 2 l 6___ I,J 2 4 -- 1 J 3 1 --— 18,. 0
79.
All ct:,;-r re ■,ureas
;<
qQ6
3 130
4 6l7
730
1,3 5*
5 _ 811___ 1.986
TOTAL REdU^kCSS
3^ 0, 035 1,702,117 386,763 U36 , 939 233,308 219,171 690, 186 2U3 J S I 153 , 10s 254,621 122,278 3 10 , 277 5 , 104,244
L I A B I L I T I E S
Capital paid-^n
6,599
20,711
7,391
8,368
4 ,0 4l
3,171 11,084
3,785
2,909
3,610
3,118
'4,537
79,824
Surplus
75
_
_
116
Uo
216
- 38
Govensneut deposits
33,090
28,274
3,268
8,565
8,824 23,070
1,605 22,261
*13 6 21,707 _ 6 , 1 S6
3,542
lpO, 256
:\ r te jxr.bers., reserve account
.r
102,764
641,278 90 3^1 121,736 50,155 43,033 205,724 55,513 50,377 69,985 3 1,647 83,243 1,545,996
Collection i <,c&&
44 ,161
132,954 56)163 39)627 *+1,350 30,005 60,051 U7 ,326
9,718 36,251 1^,278 15,912
527,796
Ail

other

foreign

dspo-^its

including

'
-________ 108, 9 ^ 5 _____ __________ _H§

gr*vc-rnrx»e?.it c r e d i t s

Total gross deposits
F.R. not38 is actual circulation
Jvit* b a n k n o h a s

in

circulation,

liabjlAty
Ail otasr liabilities
TO .'- LIABILITIES
- L

\




180,015
153,267

net

,
_

Z - _____________ 19

2 ^3 & . 2 ______ 2 7 ? ________ 20_________ 2 _________

911,480 1 U9 , 772 169,973 100, 329 ’ 96,127 269,742 125,378
730,483 222,SUO 24-9,764 130,770 115,450 391,325 109,188

59,979 127,945
87,171 H I , 558

2

3>230

114^9^1

52,313 105,927 2,348,989
62,192 193,748 2 , 558,196

^

21,404
4,079
5,03 1
984
2,871 11,389
3.592
1,550
8,277
3,160
3,258
68,8o4
_ 1J,J81 _ 2,681
3,303.. 2 ,068
1,512
6,430
1,838
l,4 6 l
2,791 -1,495
2,807
47,237
346,695 1,702,117 386,763 436',939 238,308 219,171 690,186 243,781 153,108 254,621 122 , 27s 310,277 5,104,244
3,269
3,470

^Overdraft~

.r

x

t

r7*

r

-^

r

i

Released for publicati.cn Svmday morning November 10, I 9I 8; not earlier.
STATEMENT OF 21SliH.lL EE SLRYE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS NOVEMBER 8, 1918.
(in thousands of dollars.)
Boston
PjI ^ E Y E NOTES:
E e 0 3 ;v - o :;>a^ C a - p tv oiler
Eo va-'-iJod to Carptrcj l e r
C h a r g e d le to 1 .E, agent
*
In bandc- ul Y \ V . * Ag'bri;

New York

Phila.

Clevel.

Richm. Atlanta Chicago St-Louis

St.60c

Minn. Kans.Cy. Dallas San Fran

Total

*rTTC2P/J.
P f!

I s s-j^d

t'j i .,Eo b a r k

;
2 2 9 • o?.o
,2 0 b
£J7
is! 0 ^ 0

,996

loss

aiuouno r c t u n e d to F*E-Agent

for redemption

___ S18.0J3 252,179 260,103 lUo,6qr 118,727 Hll . 124 11^, gl7
)

88,563 r o ^ -'.
P

62.850 208,797_ 2 .7^3 . 6S6

OOI-L/luJ,RAL S^OURiTY i'OH

0CTCL7 "L)j;> N O U S :
:u
!^
G-ld c :iu a;.d eor tif '.Cd u 3 0 1 ilc n l
v
G
^ ^C
OCO
5>
und
Ov i 0 i : d- : ct xor1 f,\ -r
j
10, Pol
G cle /:?
: fvJ) -1, ?\E3eard
.
:
■
f P COO
T
Eiig'.K •0 pa^or. ]; 1 n1 m i repaired
Jk C . »-'
v b V\•
TO U *l
r=‘i .^7 b n ”
J

s. ^0
158, 7U0
2,
i >o.^n
p &4?
15 . 1.16 1 2 . ^ 9 1}S ■-0 2,
<.5
C 660
T
■'
*
:r
^C* — ^ 118, coo p , 0U0 )l ;' 17 u ibn; 7oc kb[ IbO
077
;110|000
, i
).;:••7
7 J J 7 a 4.;-,. bfb). 1 ^
217
. 1j j . i# 3 _
?r;
*
81!?, 073 2 3 2 . 17° ?br-, 103 j -IQ . ^3r lib. / P 1 ini"1*>i z V 1 ■
*_

-rnx : -DLL' AAPPR
*./r*TTvru
7 'l
jrUaJvi^
vhi. 'l v.J.OP bO -R - Jibb
A.

812,372 168,347 152., 253

—

—
13 , 10?
10, 081
2’
0 - T
,603
c JV^ ** 7
'
.00 *■0,3^ 30 g.S'4
3«!,-

V'i ^0C>
_\u
7
c c ,_563_ J 9 >
-I

1Q8,176
3J12

I S .j S G

V ■. 7 i
}

H

cpO

/-Yfp
V ,W

J;

'.’

159; 1-9

9 1, 530

S5; 761 2SP. 692

SI, 938

36 . 6 q4

9 0 n9 S3

U6; 529

M E M 0 R A IT D A
FEDERAL RESERVE NOTTS OUTSTANDING AND IN ACTUAL CIRCULATION
if- IU n c ^ s

ctitstanding

T K\

hjld hy bank

J .L

notes in &«;tual circrlafeion

- Lis d-U-.oomr.ed snd bou.ght
m
U.
ih v t t.2rai sacoJ itiss
M ti i Jpd*- V U c ^
lt .0 Lc/* /c ’/ ilit


\


l 6 ?, 8.lU
S. 8, 073 252,179 260,103 ■
1
lUo. 695 1.18, 72? '411 Ip j- U S ?\( gg, 563 1 1 9 .^ 1
J
62, 850 .208.797 2 . 7*17.686
- ’i & 2 _____............_ °_3 3 a _J 0 L 3 79
i
Q, ^
3 . 27? i q > ~o____£jQ£3___ I J & L ___X-5: £_____ 6>g
'
>
..J
153,267
730, s
’83 222, sUo 2^ 9, 7 64 130, 770 j.lp, '*50 391 , 3 £S 109,188 8 / f 17-1 -U-l,9^8 62,39.-: 193.748 2,558, \°6
D'CSTRI3UTIOF OF BILLS, U. S-GOYERMOTT SHORT-TEIK
Within 15 days,
lu to 30 days
51 to 60 days
1,35^.520
1/6,019
304,6.15
15,701
10.1
10 , oS’
4
7
—
^3

SECURITIES AND HaBRAFi'S BY MATURITIES.
Over 90 d?ys
Total
y L % S73
16,835
2, 171,760
3,557
61,915
91,’ 956
—
^
2S

6l to 40 days

Relaased for publication Sunday morning November 10

1>

1912* not earlier.
^
^
St
STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS LOCATED IN CENTRAL RESERVE, RESERVE AND OTHER
SELECTED CITIES AS AT CLOSE OF BUSINESS NOVEMBER 1 , I 9IS.
(in thousands of dollars,.)
Data for all reporting banks in each district._____ __

, ,
No. reporting banks
U.S.bonds to secure circulation
Other U.S- bonds including

Boston
44
14,402

New York
104

49,950

Phila.

53
11,492

Clevel. Richm. Atlanta Chicago St.Louis
S5
SI
44
101
32
42,773 24,253 15,065
IS, 876 17,671
*
*

60d

Minn. Kans.Cy. Dallas San Fran.
35
73
45
53
6,369 13,710 IS ISO 34 505

Total
75O
267 , 246

Liberty bonds
28,817
386,815 79,992 117,27 1 50,649 44,290
144,545 37,097
11,757 26,384 21 , 73 s '31,562
920,917
U.S.certificates of indebtedness 77,311
3^6,155 54,700 64,426 3^,51^ 42,332
91,758 30,132
17,150 37,748 14,546 68,126
898,904
lotai U .S. securities
120,530
50 2,520 i46,is4 224,470 109,416 101,693
255,179 84,900
35,276 77 , S42 54,464 134,193
2, 147,067
Loans secured by U .S. bonds, etc. 116,826
670, 417152,563 82,129 3 2,569 20,668
101,559 20,445
10,37 2
9,130
7,419 12,629
1.242,726
All other^loans c investments
c
784,349 4 , 202,156 64o,S73 JWE&2 9 0 J S 7,257 312,240 1, 438,33 2 387, 6o4 275,501 466,567 1G7,325 550,450
1C 65c, 5o4
'.
Reserve with F.R. bank
66,73 2
606,842 57,075 20,362 30,725 29,S6l
l4l,673 33,684
22,884 40,212 15,608 48,682
1, 174,340
Cash in vault
27^55
123,875 20,004 35,481 17,364 J7/156
5^,565 12,202
9,994 16 , SOI 12,088 21,263
372,248
Net demand deposits
682,006 4,397,744 598,326 725,890 308,946 214,746 1,045,085 250,888 210,66/ 356,563 144,011 4l4 , 470
9 , 349,342
Tame deposits
94,580
260,307 15,214 257,677 57,762 92,908
364,638 73,493 45305 59.491 24,881 121,808
1,468,664
_
__i53,24o
520, 223160 , 3 7 7 1 1 2 , 79s 38,864 39,022
106,574 47,827 1
3,753 45,117 21,339 27 , 2 7 1 1 , 236,455
Data for banks in each central reserve city, banks in all other reserve cities, and other reporting banks.
New York
Chicago St.Louis Total Cen.Res.Cities
Reserve Cities
Country
Nov. 1--Oct.25
Nov. 1 Nov. 1
Nov. 1-- Oct.25
Nov.
Nov. 1 —
No. reporting banks
y0
70
44
l4
12 8
128
452
452
170
170
U*S* bonds to secure circulary
U •
l

1
I
0
0
-'cPt

2.

36,51S

36,728

1,119

10,556

its,193

u , Lsbe2 t i f i c a t e s of indebt-

326»121

336,351

91,169

27,425

fkiess
Total u. s. securities
Loans secured by U-S- bonds,

347,423
710,062

366,066 33,641
739,145 125,929

®tc<
All other loans and invest„ m3nts
Reserve with F. R. bank

622,535

579, 62s 79,779

t\°n
Ctner U. S. bonds including

> 110' 551
Net danand daposits
4,087,003
Time deposits
^
209,144
Govermen* deposits
462,902
Ratio of war paper to total
loans & investments, per cent
25-0

\


687,502

99,468

18.7

750

170,719

170,773

48,334
^s,33U

U s, 33^
48,334

z&7,zk6
267,246

267,510

444,715'

458,917

445,970

46s, 234
468,234

90,232 91,282
90,232 91,288

980,917
920,917

1 , 018,439

23,391
6l,372

4o4 , 455
897,363

429,253
420,275
444,265 74,174 75,913
936,573 1,036,964 l,OS3,272 212,740 2l5,535
1 , 023,272
215,535

15,182

717,496

656,664

25,457

707,375

823,922

, 116,719 33,670
6,377
150,598
152 , 45s
4 ,is i,io o 709,063 178,107 4, 974,173 5 , 103,791
205,034 130,71753,415
393,276
398,519
225,400 S3,Sl4 38,934
585,650
281,980
24.7

Oct. 25
170
170

Total
Nov. 1—
750
750

48,403

445, 101

3 , 352, 50 53 , 371,086 893,493 280,369 5 , 032,367 5 ,o 4i , 34i
522,450

banks

18.5

23-6

23«3

77,414

63,973

898,904
949,431
S98,904
2 , 147,067 2,235,380
2,147,067
1,242,726

4 , 707,432 834,257

480,909
131)700 182,449
is2; ^ 9
3 , 679,070 3,7^5,107
3,7^5,107
875,443
844,596
844,596
6l0,9l6
3 98,876
398,876
21.0

21.8
21.8

226,412 10 , 650,984 1
__
5 6 ,S73 1 , 174,340
55,583 ____ ________ , .
3 9 ,'950 6 )6 9 5
372,248
39,950 41,695 * ’ 372)248 * ’ 382)602
696,099 685,116 349,342
696,099 685,116 9,9,349,342 9,533 914
199,945 195,834 1,468,664
1 , 438,992
199,945 195,834 1,468,664
89,899 86,982 1,286,465
86,982 1,286,465
767,838
29,899
21.5
21.5

19-8
19.8

2?-2
22.2

22.^

Beleassd for publication Sunday morning

17, 19.1S; not'eariier.

,
STATEMENT POE THE PRESS.

g f.? !

November 16, 1918,
*
'

Farther increases in the holdings of war paper, practically offset by decreases
in other discounts on hand, also considerable gains in government deposits acccm
panied by a larger decline in members* reserve deposits are indicated in the Federal
Reserve Board’ s weekly bank, statement issued as at. close of business on November 15,
191S.
INVESTMENTS: Holdings of war paper, i . e ., discounted bills secured by U.S. war
obligations, show an increase for the week of Ul.6 millions and constitute at
present 59.1 por cent of the Reserve banks' total earning assets, compared with 57
per cent the week before. Other discounted bills on hand decreased about Hi millions
while holdings of bills purchased in open market went up 3
millions and of Govern­
ment short term securities - 1 . 5 millions. Total earning assets increased about 5 ’^
millions for the week.
.
^POSITS:
Government deposits show considerable increases in the U Eastern
tanks, with a total gain for the week of 86.1 millions. Almost corresponding de­
creases at these banks are shown in members' reserve deposits, the total decline for
the week being 96 millions. Net deposits show an increase of H .2 millionsRESERVES' Gold reserves increased during the week about 10.2 millions, while
total cash reserves went up 9 millions. The banks' reserve percentage shows a
slight rise from 1 9,8 to ^9*9 Per cent.
+
NOTE CIRCULATION: Federal Reserve Agents report the issue during the weak of
. *8.1 millions net cf notes. The banks show an actual circulation of 2,562.5 mil­
lions of F.R. notes, an increase of k.} millions for the week, besides aggregate
liabilities of 72*9 millions, as against 68.9 millions the week before, on F.R«bank
notes in circulation.
CAPITAL: An increase of $79,000 in the total of paid-in capital is due in part
to admission of new members, also to increases' in capital or surplus by members of
the system. Increases under this head are shown by all the banks except those at
Boston and St. Louis.
CONDITION OF MEMBER BANKS, NOVEMBER 8, I 9IS.
Substantial withdrawals of Government deposits and somewhat smaller increases
in other demand deposits, also reduction in some volume of the bank holdings of U.S.
securities are indicated by the weekly statement of condition on November 8 of 751
member banks in leading cities.
Treasury certificates on hand show a decline of about 12*3 millions, indicating
that the bulk of the 75^ million certificate issue due on November J had been de­
livered by subscribing banks in payment.for Liberty bonds. At the central reserve
cities the increase in the certificate holdings is apparently due to a large extent
to investment by these banks in the most recent issue of
per cent tax certifi­
cates. U.S. bonds other than circulation bonds show a reduction of 62.9 millions,
of which 23*3 millions represents the decrease in the holdings of the central re­
serve city banks. Loans secured by U.S. war obligations fell off U3 .7 millions at
all reporting banks, and 50*6 millions at the banks in the central reserve cities.
All other loans and investments show a decline of 2 8 .U millions, notwithstanding a
gain of about U6 millions in this item reported by the Greater New York banks. The
ratio of U.S. war securities and loans supported by such eosiiritiaa:to total loams
and investments declined from 22.2 to 21.6 per cent for all reporting banks and fran
23.6 to 23 per cent for the banks in the central reserve cities.
The week witnessed the net withdrawal of 2 3 9 millions of Government deposits,
7 O .9 millions representing withdrawals from central reserve city banks. These with­
drawals are accompanied by an increase of 173*5 millions in net demand deposits of
all reporting banks, and of 88.5 millions in the net deposits of the central reserve
oity banks. Time deposits declined 18.7 millions. Reserve balances with the Fed­
eral Reserve Banks increased 92*8 million^, and cash in vault - 10.2 millions.
For all reporting banks the ratio of deposits to investments, because of the
relatively larger decrease in investments rose from 7S .9 to 7 9 '2 per cent. For the
central reserve city banks this ratio shows an increase frcrn 85 to 85
"per cant.
The ratio of combined cash and reserve balances to deposits went up from lU to 15 per
cent for all reporting banks and from 15*2 to l6 per cent for-the central reserve
city banks. "Excess reserves" of all reporting banks increased from 67*2 to lUl.2
millions. For the banks in the central reserve cities an increase of this item fran
^ 8.9 to 7 S .9 millions is noted.



Released for publication Sunday morning November 17, 1918 ; not earlierSTATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE
November 15> 191S
R E S O U R C E S
Gold in vacult and in transit
$375 , 527,000
Gold settlement f-und, F- R. Board
*+33 ,885,000
Gold with foreign agencies
____ 5. ,829 ,000
815 ,21+1,000
Total gold held by banks
-1,166 , 579,000
Gold with Federal Reserve Agents
Gold redemption fund
J
2,056,777,000
Total gold reserves
55,059 .000
Legal tender notes, silver, etc.
2,105,816,000
Total reserves
Bills difieounted: Secured by Govt .war obligations
1,358,558.000 « a n
All other
377.877,000
Bills bought in open market
2,175,685,000
Total 'bills on hand
29 ,.4 ys,co0
U - * Gover»iiiant long-term securities
S
93 ,1+ ,000
liy
U .S . Government short-term securities
28,000
All c oner earning 3.s se vs
2 , 298, 6^ 0^000
TotaJ earning assays
7 17 ,7 ? 5 ;000
Uncollected items (deduct from gross deposits)
4 ,00o ,000
5f Redemption fund against F-R. "bank notes
o
18,169 -000
All other resources
5,1^8,^3.8,000
TO^AL RESOURCES
L I A B I L I T I E S
Capital paid in
Surplus
Gove^nriient deposits
Due <o members, reserve account
Col?, act ion items
Other deposits, including foreign govt- credits
Total gross deposits
F. R. notes in actual cii^eulation
F* R* bank notes in circulation - net liability
All other liabilities
TCTa L LIABILITIES
Ratio of total reserves to net deposit and F - Rnote liabilities combined
Eauio of geld reserves to F..R- notes in actual
circulation after setting aside 35$ against
net deposit liabilities



S f .j
c
1
BANKS AT CLOSE OF BUSINESS NOVMBER 1 5 , 19 . s.
November l6, 1917
November 8 1918
$526,792,000
$386,1 37,000
+
363 , 710,000
1 35 ,1 52,000
+
+
52 . 500.000
____ 515 2 9 .coo
9U3 ,002,000
827 ,718,000
629, 906,000
i,ii+5,6i+o,ooo
___ 1 1 .1+20 .000
73.233.000
1,584,322,000
2 , 01+6 , 591,000
Ej2.5?5.000
r ,248. 000
)U
—
2 , 100, 839,000
1 , 636, 853,000
1 , 316 .967,000
jl+87,850,000

,

1 8 0 ,271,000
+

5 ?4. 522.000

2 ,1 7 1 , 760,000
25 ,1[75,000
9!
-

.000
2" 000
2 , 295, 223 , 0C0
687,'-'68 -000
3 , 924,000
18 .790 >000
5,104,244,000
79,824,000
1 , 131+,000

75 , 903,000
1,131+,000
246.401.000
1 ^ 9 ,9 1 + 9 ,0 0 0
573.727.000
113 .385.000

5 9 - 6 $

66 . 691.000

6s,s6U,ooo
4 7 .257,000
5 ,1 04 ,24 4 s000

1 9 .8$
+

65.8$

527,796;000
lllJ ' Ql+1,000

1+9.9$

537,000
3 .7 36,000
3 .012 .406.000

218.387.000
1.480.498.000
240.4.37.000
21.925.000
1.961.747.000
972,58^,000
8,000,000
3 .585 .000
3.012.406.000

160 , 256,000
l , 5 ^ 5 > 5 9 6 ,000

.2,383,1+62.-000
2 . 562. 517.000
72 , 930,000
1+8.1+72 .000
5.145.415.000

195-8 69.000
6Sx, 71'J ,000
54 , 002,000
187 ,904 000
1 /c'l7 \ooo
,
524 . 858.000
446,382^000

2 , 31+8 , 989,000
2 , 558 , 196,000

59

‘ l

Released for p- ieation Sunday uorning November 17, 1918; not earlier.
uol
St.71b
WEEKLY STATEMENT OF EE SOURCES AND LIABILITIES OF EACH OF THE lETSRAL RESERVE BANKS AT CLOSE OF BUSINESS NOVEMBER 15 , I 9.IS
(In thousands of dollars.)
RE S O U R C E S
Boston New York
Phila. Cleve3. Ri-tei- Atlanta CMaa/ro St. Louis Minn. ’Kans.Cy. Dallas San Fran. Total
Geld in vault and in transit
3,773
277.615
US
£6 , £ 42
6,278
7. 515
2» 111
8,3^5
,165
2,115 10,581
375,527
. Gold settlement fund,
36,818 46*075 47,321
9 ; y+i 15 , 6x5 111,469 29,236 27,691 18,938 12 ,823 3b,74S
1+
33,885
41,-187
j’t
Gold with foreign agencies
4os
40S
131
J-L011
?oH
_aa_.
,0 —j4 sQ 10
815,241
Total gold held by banks
M
J 45,374
316,444 46,6oU 74,0813 16,4-23 23,303 136,380 3 -',ao 56,24-9 13,394 2i ,'^ 2 ^ 6 so
0 ‘.'■ *i;;
Gold with Federal Reserve Agents
•73 5/
:
66,878
282,983 80,314 151 , 4 ^ 60. 'jz- 44,924 x Q / S 12 46. >73 5 / , 7 i 2 4/ /hSJ 24 .102 106*037 1 , 16b, 579
)
;'^ 4-7 Hb 1
f
?
z
Gold redemption fund
J1>
—6^271____ 2.4
,392
7,700
i 21 7 _ 5 (1
_
33_ J.'is_______________1^312____I9x _______________2 J J & ______Iris- 1 7 , 3 2
_
— X ■.'7.1..._
1
Total gold reserves
, -.jU.Qij 2, 05b ,777
US,
"
ilcO,,J os- 82, il70 ? 2 ,; 70 3 - 5 ,^ 5
J. . ‘jJ. 3) , 581 717 i.69
618
4b_
___ 225
S3.039
2.der r.cte
Legs.i t3 1
JrS7
-_
_
_ 7.!' / L_
__ 2 , o 63_
f a>
1(
'.•j
>
7
"1 " ‘ 7 i o ^
;a*
;-V " rv15- 24c®^ic9,8i6@\I
3
r 3S?rV2S
1 2 ’.. ISo
«Cq ~7~, — i
- ; ? V!
l?7. '-i
_s7
i
;
5s'^
?
r<. *
V
?
\.
r,r*
>" 7
\Go
i...?:;03 31,057 13 . o C 7 f ^ ^ d $ , y j S '& e b
Bill b
)V *
J •
ooG i ( j
134 *813
31, ' V?
133, K ’3 £7 Uo
23, 7h |-frf, '42'^
r
43 9,
C
}0-J 37 905
t J order
D- ciH id.
rrtT^s 36 53a 3 1 b;;o 24 239 25,019
.
11.472
* )
J J C!i l
ir y
)f
B i l l c T on "hi/ in o~
7
225
377. S77
JL6£,.$3 S.._ 3 3 . .23 ?_..
3- i ___
!7
.
-1—
Sr
—
p ;
1
.
!
Tc- > 2 >I l l s 0:1 j
1 1S
' 6?5
&yi
/
i v '7 o 99 l:;t
; aos
, 0?Q 23/. *
■
lfl, 4 ■ • 'V, 00s
z
1
' . ;;x
^no
i C3S
) •’ rJ
u . S , G-o v :i.rcnt J.o
.
:
478
i i
:6
126
£ 3.57
52f
.i
4 , 003
*
4,
t
1* f425
0
<i6
'
U .S. r- t ' 2 i TrliC'P’ s: ='
R 070
021
449
733
2,
,372 10; 612
l, 902
3j
C
2S
ey
AIx 0 v_ - earn-Uig
_C -;s
r ;;;
'>
lt
T o til 6 arnins a
,
164740T
S'20 00 3603 272, Pq O QO giTs" O *>516”'100;, S?2 51;"470' 125, .194
160, 352"7 7 7 ,
1;
U n c o * * C 3ed itras (deduct from
"i" '
'
f c .‘ f - o p o s i is.)
,580 22, 703 33 , 871
62,061
,710 86, 681 64, 93 S 15, 541 69;
357 56,
39;
u,t
c ia*t
*
h- p
i_ .
■I
54 0
88
442
221
e c*
~
2U1
207
4,008
156
TSb
2? 8
175
1,179
275
f,^ 0
•i3. 16
fv ‘
3- ’
:
e
1. 520
I 1 q
1,.7i r
_4Jv:.2___
A l l r /r'rr r0303;r*C( s
_j n 7',V.
.
s _ .:l
2
3~
£i
__ 1 . r a .
1
r.O'Tii KESOlrj^E'
r
3^
V1 —
’
'
)
b /! 157, r •;i•
0
343,345
476, 049 24 r 6? 7 "il3 , ; 1 1 70s; " r.
,
; *-'J <; T 23 ,>39 315’ 032
y1 *
Li a

. £

Z

(U
—

r.x
o

%

■.U
' r>
,

Si

J'- i

t

—
1
i\
T

L I A B i L I T T E S
C ap!tal paid-in

n_. ,
.
OLU j> *v_ii
Go verm^n & dep osi t s

net
A ll

in a o i a a i

ci r e a l a t i o n

l ln s i'l it ie s

TCTJJj LIABILITIES .



182,605

152,380

20,725
649
.4s, 756
5 ^ 7 319
153,385

7,398

8,881

26,726 24,892
74^31.6 113,'152
64, 43$ l^ o S o

4,0^4

1]6
1. ,922
3

50’ f?3
41,329

3,174
11,091 3 , 7 S5
4o216
24.033
7,198 17,4-58
3 3. 2",:J 2n'4Jr
'^,2 51,61.5
26,432
(3,44-2 49,003

17
1.5':-6
10?;053
217
915,713 1?5,978 ISO, 140 lOo,040 8S f1 W 'd t ( Y L s 1 1 8 . 2 9 3
7 23,355 223,022 248,204 132,122 H o , 9:,0 396 231 3.11,636

2,911
3s
7.430
46’ 057
11,334
1!

3,^32
3,123
4,54o
79,903
*
17,843
8.347
4 , 4.18 246.4oi
S5-!l0? 32,337 • 81,057 3,449,949
33,408 i4,o65 19,109
573,727

20

3.479

113.3
jZD

i i 6 , 6 & 6 . 5 4 ,7 **9 "los. 0 6 3 " 2 ,3 S 5".4o2
6
sr..1.31 111’ t53 61,063 196.210 2,562^517*

O T s y S

circulation,

liability

other

87,93-9
49,724

C.CCattS

grc?;fi depos-. Us
I ’ E , l a : ± no^e-3 i n
»

6,599
45.372

foreign go.’?
F*R~notos

J-O

75

Due to cambers, reserve account
Collection i veji&
A ll other deposvi ts including

Pn

21, 6.15
4,557
5,475
1,162
2, £78 12,866
4,292
1,580
8,479
3,149
3,363
72,930
3,514
_________1 57.1
.
6,35 ___1, 3 0
1.4/8
2, Sfrl____l ._535___2, Sj/____ 4 s, 472
IS. 126
2 ,7 63
3 ,34q
2jf>
3.573
3% ; 34^ 1 , 69^933 405,718~ W To49 2^5,637 2 1 3 7 3 ^ * 7 0 ^ 5 5 9 239,s76 1 5 7 ^ 9 7 4 : ^ ^ 1 123*,63S 3 i5,032'5,i^8V 4is

J

J

x r

St// 1c

Released.for publication Sunday morning November 17, 1918; not earlier.
STATEMENT OF FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS NOVEMBER 15, 19IS.
(In thousands of dollars.)
Boston
FEDERAL RESERVE NOTES:
Received from Comptroller
Returned to Comptroller
Chargeable to F.R. Agent
In haitds of F. R- Agent
Issued to F.R. bank less amount
returned to F. R. Agent for
• redemption
COLLATERAL SECURITY FOR
GUl’SmTDING NOTES:
Gold coin and certificates on hand
Gold redemption fund
Gold S?ttleraent Fund, F.R-Board
Eligible paper, minimum required
To^ al

New York

Phila. Clevel. Richm.

Atlanta Chicago St. Louis

Minn. Kans.Cy. Dallas San Fran.

Total

229,020 1 , 189,44o 309,780 300, 4oo 182,580 183, 6U0 497,060 1 ^ 9,800 112 , Ugo 150,700 99,920 224,320 3 ,6 2 9 ,l4 0
43.589
259.843 54.718__ 2S.074_ 32.1^2 2Ui_
060_ J 8 . 2 2 , 9 ? . 5 __ lY.Upg 23.082 1 9 , ___ 3.5,759
580,183
185, U31
929,597 255,062 272,326 ‘150,43 s 159/530 U58,216 126, 8?5 95>072 127 , 61 s 8O J .75 208, 564. 3 , 048,957
17.500

167,93 1

104,800

21.900

12. 820

8.500

39.350

Up. 2^0

9,085

824,797 23.3,162 _??)%506.Jl^l._93S_lgQ. 2303 17 9/6 137.790

6.750

8,420 17,780.

88.328 119.198

_________28.7_.145

62,395 208,561 2,761,812

210,176 10.081
13,102
2,503 20,750
15s,? 4o
9,878
l 4 , 2U3
12,793 12,73^ 2,089 -2,251 1,518 2,542 2, 8/ 0
2, b2l
3,337 11,476
78,352
52,000
110,000
6 7,5 2 1 1 1 8 ,0 0 0 58,000 *10,170 196,32U ^3,631 41,800 45,360 10,684 94,561
878,051
101,0535 4 i. 814 152.848 108,022______ Si, 3 4 - } _ ;so5 220.134 71 ,6 17 3 0 . 556 71,217__lS.29U - 02i
.52JLL525i£ EL
167.931
824",797 233.~l62 259,506 liL^ 9?H A ^ ^ 2 3 0 j n 7 i 7 6 317.796 _88 J 28 119,1.98 62,3 9 5 ,20g.u5£l_2.761. 812
j
5,000

mor.:H OF ELIGIBLE PAPER
D^L.l
TEREI) TO F- R AGENT__________ 158.203
-

841,930 177.074 151.185

9S.4qi_ £ 2, !. £ J ^ 7 JL4g
^

74. S?4_ 38. n p _ S9^ 0 9 _4f^565 106, 218 2,120, 2g£.

M E M O R A N D A
FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION.
F. R^ Notes outstanding
7. R* notes held by bank
F-R.notes in actual circulation

Bills discounted and bought
T S* Govarnrrsnt snort-tsrxn securities
J
Municipal variants



167,931
3.4.951

152,980

824,797 233,162 259,506 141,938 120,230 417 , 976 .117,790 88,328 119,198
101.442
g[ 1.40 31.302
9. 83.6
3.320 21.745
6,154___ 1,197
7<
545
723,355 225,022 248,204 132,122 116,910 396,231 111,636 87,131 111,653

62,395 208,561 2,761,812
1 ,3 ? 2 _ 1^ 3 51 ___ 192*22561,063 196,210 2 , 562,517

DISTRIBUTION OF BILLS, U .S . GOVEENI/DENT SHORT-TERM SECURITIES AND WARRANTS
BT MATURITIES.
Within 15 days
.16 to 30 days
31 to 60 days
6l to 90 days
Over 90 days
1 , 353,310
168,765
301,760
334,095
17,755
18,481
73
9,132
2,194
63,569
7
15
6

Total
2,175,685
93,449
28

?i d
R e l e a s e d fcr

p u b l i c a t i o n S u n d a y m o r n i n g N o v e m b e r 17, 1 9 1 8 ; n o t e a r l i e r .
STATEMENT SH O W I N G - P R I N C I P A L R E S O U R C E A N D L I A B I L I T Y I T E M 8 O F i m J Z E m
CITIES AS AT

CLOSE

BANKS

OE BUSINESS

LOCATED

NOVEMBER

S,

IN C E N T R A L RESERVE,

^
RESERVE

.
AND OTHER

lMT^
SELECTED

1913.

(in thousands of dollars-)
1» Data for all reporting banks in each district

Boston

»

u.

I,c
A 1' d/jar
*

r\

1 -/cns

vviih V.

and

85

81

45

14,402

50,311

11,492

42,832

24, 253

23,824

372,408

69,823

106,434

49,169

47 ,015

82w.. 1^6 3 28. 330
164*3 69

62 , io4 31,105
211,370 io4 527
81,039 37 ,*4?3
9 7 7 ; 578 3 9 1 ,8 1 4

L a t a for

UC
;H

72 ,35 3

in

.

53

7 51

151,7->9

3 3 7 . 4^6 J , 4 ^ 3 ,

27.5

3 8 J .8 8 I

21,637

62^.529 4 , 463,905 625,570
? g , 5yS
253,^0 26,359
140. 2'~
)&
each

central

1^4 iOJ .4-95

reserve

city,

banks

Nov* o- Nov* 1
—
•oanKis
U.S.. bondo to ’secure circulati-'n
Other U .S . hoods including
L? h e r ir b o/ ids
V
U -S..certificates of indebtediyo * r e p o n . m g

ne 33

^etal U..S- securities
Leario secured by *0,, £ abends, etc .
A.lI other loans & investments 3
Reserve with F * R- bank
< <
Cash in vault
Net demand deposits
4

in all

Chicago

Ycr i

Nov.

Goverrs^eiit- ueposi ts
Ratio ox war 'oaper to total
loans & inv;;s c e n t s , per cent

other

St.Louis
Nov.

2

reserve
Total

cities,

and other

Cen.Res.Cities

Nov*

2 --- N o v -

I

reporting

Reserve

Cities

banks Country

Nov. 8— -Nov. 1

Total

banks

Nov. S-Nov. 1
751
751

- tftf. 1
N
170

Nov- .v

l4

128

128 '

453

453

170

36,879

10,555

48,553

48 ,3 93

171, 205

171,119

48.319

48,334

268,077

267,646

314,306

25,927

421,3^5

444,715

4io, 794

447,013

80,879

90,232

919 ; 05 S

981,960

380,88*5
732 067
572. 935

23,043
5/,525
16 , 7?3

436,237
906,175

4 o 4,455
29 i - ''jj
j

> '2 , ^7 5 64.847 '74,174-0
039! i 07 200i<Vo z i^ T ^ O
f
ub .-/ ;7 7r: r 2 ni i.pU
* >
J i^
^ if* ' *

827.253
2, 074. 353
1 ? icq1J 'zop
" ‘ r.
y
''

2b,337
6,757

742. 253

53,5-19
26,293

402,899
514,784

393,276
535,650

i s .3

23 .0

23-6

70

70

44

717/196
666,910
275.^26 5 , 062, % o 5 ,032 .367

707 ,3 ;'5

1 ro K f?
Q
160,247
182,281 5 , 062,628 4 , 9 f M 7 3

depocp.t^




. ^5

t>44} 0 0 0

21;

ft. b a n k

La n lc s

73

36.176
90.683
21 , 0 V:

6 27.;33-7

35

Total

39,042

398,079

32

Dallas San.Fran

15,465

. liH
.ooi?as, e t c - x

je.'os: ts
, ue.:'0i,to

Time

101

53

i n v e s t m e n t s /85. 4 0 5 4, 242.

Go?*-r:3;'y i d ‘.';o?it.p.
r
2*

Chicago St-Louis Minn. Kans-Cy-

io4

'.v vavi",
i

R-t

Atlanta

d e v e l. Ri chm.

8 - 277
?,
121 30";

r ;0^ o
,

Ht- oO'C’ o
v

Phila.

44

No* reportingbanks
U .S . bonds to secure circula­
tion
Other U.S*bonds including
Liberty bends
U*S.-uertifjCettes of indebtedtt^
T

York

New

24.4

25.0

17-9

7 <%
Z
> ’>169
969 fiGs
456 .
-■>
«4,697.
459. 008
120 ^ 82
3 , 7 / 5 ' 380
1m
3
45 s; 4 /2

20.5

#

- -

\

\ .

^

.

^ .y ~

696,099

____

~

-n ...

? i

19.8

21-5

^

«' *

-

s- '
s

9 , 528, (320 9 , 3> • 5iS
,

IS9 . ' • 1 , 4 5 0 895
89*S99
1 , 047,074
21-0

299,6c4
2 / : S ; 2,0
'
\ pJ** . nS7
“5
v ^•

21-6

576

1 , 226,465
22.;

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