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Released for publication Sunday morning, Nov.l6, 1919» not earlier. STAl'ELtENT FOB THE PEES5 Federal Reserve Board November 15> 1919» CONDITION OF FEDERAL DESERVE BANZS. Net liquidation of 70.4 millions of war paper as against additions of 20.5 millions to other discounts and 22-1 millions to acceptances on hand is indicated in the Federal Reserve Board's weekly Dank statement issued as at close of business on November l4, 1919« During the week the balance of 19»2 millions of gold held on the continent was transferred to London and added to the Banki' gold reserves, but net because of some export withdrawals, aggregate gold reserves show a^gain for the week of only 13*7 millions and total cash reserves « of 12»7 millions. This gain, reductions in coupled with/deposit liabilities and but a slight increase in Federal Reserve note circulation, accounts for the rise in the reserve ratio from 46.8 to 47.1 per cent. The week saw further rediscounts between Federal Reserve banks, Chicago reporting_/its war paper holdings 21.2 millions of bills discounted for other F.R. banks, as against 17.8 millions the week before. Over one=half of the acceptances held by the Chicago bank represents bills purchased from other F.R. banks, the total thus held showing an increase for the week of 10.2 millions. St.Louis1 increase of 10 millions in acceptance holdings is likewise due to purchases from other F.R. banks. Treasury certificates on hand increased 5*3 millions, while the volume of outstanding F.R. bank notes, which are largely secured by such certificates, shows a slight decline. Government deposits went up 14.2 millions, members' reserve deposits declined 43.5 millions, and the "float" carried by the reserve banks increased about 3 millions. There has also been a slight increase in all other deposits including foreign government credits. As a result, net deposits work out le£«3 millions less than the week before. Federal Reserve note circulation shows an increase for the week of 1.7 millions. Admission of new members and increase in capital and surplus of existing members account for an additiop of $$02,000 topaid^ih capital account, of which $358,000 is shown for the New York Federal Reserve bank. St.705a Released for publication Sunday morning, November l6, 1919; not earlier. STAiiiviEKT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS. November 15, 1912 November J, 1919 November l4, 193-9 R E S O U R C E S $375,527,000 $244,836,000 $248,601,000 Gold coin and certificates 433,885,000 429,429,000 Gold Settlement Fund — F.R.Board 440,078,000 5,829,000 127,165,000 146,176,000 Gold with foreign agencies 815,241,000 801,430,000 Total gold held by banks 234,855,000 1,166,579,000 1,207,275,000 Gold with Federal Reserve Agents 1,194,319,000 74,957,000 110,860,000 104,086,000 Gold Redemption Fund 2,056,777,000 565,000 $2,119, $2,133,260,000 Total gold reserves 53,039,000 67,804,000 66,846,000 Legal tender notes, silver, etc. 2,109,816,000 2,187,369,000 2,200,106,000 Total reserves i,358>4I6,OOO 1,771,028,000 (Secured by Government war obligations 1,700,618,000 Bills discounted 439.392,000 418,461,000 (All other 439,000,000 377,877,000 431,586.000 Bills* bought in open market 455,653,000 2,175,685,000 075,000 2,623, 2,595.271,000 Total bill 3 on hand 29,476,000 26,846,000 26,846,000 TJ. S x U-ovemment bonds 84,000 79,000 U. S. Victory notes 273,199,000 *93,449,000 U« S. Certificates of indebtedness 278,532,000 22,000 A31 other earning assets 2,298,640,000 2,923.204,000 2,900,73^,000 Total earning assets 12,222,000 12,266,000 Bank premises 19,242,000 Golf :a transit or in custody in foreign countries 717,785,000 937,178,000 917,936,000 Uncollected items and other deductions from gross deposits 1,023.574,000 1,023,574,000 4,008,000 13,408,000 Redemption fund against F-R. bank notes 13,009,000 18.169.000 8,225,000 All other resources 10,071,000 6,081,606,000 5,148,418,000 TOTAL RESOURCES 6,159,760,000 L I A B I L I T I E S 86,267,000 79,903,000 86,769,000 Capital paid-in 81,087,000 1,134,000 81,087,000 Surplus 246,401,000 63,687,000 77,912,000 Government deposits 1,449,949,000 1,906,867,000 1,863,379,000 Eue to members - Reserve account 573,727,000 739,384,000 842,047,000 Deferred availability items 113.385.000 97,750,000 98,494,000 Other deposits, including foreign government credits 2,807,688,000 2,383,462,000 2,881,832,000 Total gross deposits 2,806,759,000 2,562,517,000 2,808,456,000 F..R. notes in actual circulation 72,930,000 257 , 57^000 257,281,000 F,B» bark nctos in circulation - net liability 48,472,000 42.233,000 44,335,000 A31 oLher liabilities 6,081,606,000 5,148,418,000 6,159,760,000 TO TAT' LIaIAiI^'VJES Ratio of to i"al reserves to net deposit and F-R. note 46.8^ 49.9^ Includes 1-year 47.1 $ liabilities combined 1 rcasury notes. Ra^io of ^c'ld reserves to F.R, notes in circulation after 59-6% 54.6fo 55*2.% tv*r<* itc icTe aeain;: t net deposit 3i3.b5.liti sp «ssss , MesAI »h"SISr . St.705% r c = " a = *-191?- •rnnaaaa #=:- IWWPMB Bills discounted.: U. S» Government "bonds SsfSposits All other resources TOTAL RESOURCES (a) Includes bills discounted for other E-R-Banks,viz. (b) Includes bankers' acceptances bought from other F.R,banks * Rn - ^ $g» s&f§ ^ 94,216 2^,816 89,595 80.3=0 88,663 Lj. ' - 41,794 115,379 69,108 25 - - 24,070 78,315 52,174 ^ ^ i$ as ^ % % tg % % % - 13 43,758 1,523,574 470,226 1,894,223 462,693 504,968 314,205 265,854 906,312 292,415 176,875 290,356 182,747 3 98,881 6,159J6O - „ - _ «:«o - „ . - 21,155 , - - 20,2^5 - - « M 53,573 St.705c BeleaS9d BANKS AT CLOSE OF BUSINESS NOVEMBER l4, W 9 - isi:^.llilllllillil ^ ^0 ^ ^93 :^0 (In thousands of dollars *) Cthsr deposits including foreign 7.322 *+3,/yt> e>, p.} — \& ,liS^Sf'rouXaUon ticn 2i3EE:::r " TOTAL LIABILITIES I'M lUlIU 470,226 1,894,228 462,693 504,968 314,205 265,85** 906,312 292,415 176,875 290,350 182,74, 39-3.881 6,159,7 M E M O R A N D A Contingent liability as endorser on Discounted paper rediscounted with other ~£• banks 5 f;g"b35krFtanCeS S °ld °ther F, H, notes outstanding . F. R. notes held "by bank - 20,245 " t 12,02$. F.R.notes in actual circulation21g,35S 2 21 j 155 ~ ^ _ __ ~ - ~ ~ 21,155 20,24^ FEDERAL "RESERVE NOTES OUTSTANDING AND n f ACTUAL CIRCULATION i % 2 %-,^ I t ' C 755,745 220,593 2Hg,0?„0 141,311 151,376 4 6 M 5 S 133,232 83,612 98.959 66,27° -20.971* 2,808,456 DISTRIBUTION OF BILLS AND U.S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES. Wi thin 15 days B"l: K r f f o p e n mrket U.S*certificates of indebtedness ^ J g 21,%o0 16 to 3 0 days 31 to 60 days 61 to 9 0 days Over 9 0 days Z ^ X > 39 Total w i s * Released for publication Sunday morning, November l6, 1919; not earlier. fc«705d STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS NOVEMBER l4, 1919* (in thousands of dollars*) Federal Reserve Agent at Boston New York Phila- Clevel. Richm. Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas San Fran. Total FEDERAL RESERVE NOTES: 450,620 1,272,300 486,750 44S,560 290,180 287,000 788,800 281,750 145,450 190,860 1)1,740 372,120 5,746,280 Received from Comptroller 17817 904,449 225,4g4 274,863 967,851 261,296 289,946 170,948 203,729 529,484 179,909 Returned to Comptroller Chargeable to F.R.Agent 44,480 In hands of F.R. Agent Issued to F.R.bank less amount returned to F.R- Agent for redemption 230,383 125,000 28,580 119,232 30,440 24,857 83,271 259,316 101,871 47,555 36,680 19,470 842,851 232,716 259,506 146,091 156,174 492,804 160,439 50,872 79,299 45^6lJLl%^76 2,314,968 94,60s 111,561 86,473 260,644 3,431,312 9,280 6,210 85,328 105,351 17,170 *1,900 394,b22 69,303 255,744 3,036,690 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and certificates on hand 133,740 Gold redemption fund L Eligible paper - minimum required Total AMOUNT OF ELIGIBLE PAPER DELIVERED TO F.R.AGENT - 8,831 13,052 2,500 30,125 238,248 8,765 5,204 3,450 3,664 3,728 IS,124 105,267 49,000 249,144 69,931 19,800 36,860 13,484 89,196 850,804 97,556 100,964 234,895 85,304 49,026 64.827 43,260. ]4%,„4?4 1,842,3 13.596 15,677 15.620 13,194 535 55,000 85,000 65,389 70,000 48,000 3,710 161,787 558,434 151,707 146,187 230,383 842,851 232,716 259,506 146,091 156,174 492,804 160,439 85,328 105,351 69,303 255,744 3,036,690 201,020 897,018 166,488 215,935 101,844 105,427 356,006 60,576 102,713 49,927 159,642 2,509,360 92,764
@FedFRASER