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STATEMENT FOR TEE PRESS.
Released, f o r p u b l i c a t i o n
Sunday morning, Nov. 5 3 ,
1919; n o t e a r l i e r .
.
ot
^
' 7 ^
- e d e r a l Reserve oar ,
:Iov
* 22>
CONDITION OF FEDERAL RESERVE BAMS.
F u r t h e r l i q u i d a t i o n of 2 6 . 7 m i l l i o n s of war p a p e r , more t h a n o f f s e t by i n c r e a s e s i n a l l o t h e r c l a s s e s of e a r n i n g a s s e t s and a d e c l i n e of 14 m i l l i o n s m
gold r e s e r v e s and of 1 3 , 1 m i l l i o n s i n t o t a l c a s h r e s e r v e s a r e i n d i c a t e d by the
F e d e r a l Reserve B o a r d ' s weekly bank s t a t e m e n t i s s u e d a s a t c l o s e of b u s i n e s s on
November 21, 1919.
D e p o s i t l i a b i l i t i e s show a d e c r e a s e of 1 1 . 5 m i l l i o n s , w h i l e
F e d e r a l Reserve n o t e . c i r c u l a t i o n shows a f u r t h e r expansion of 8 . 7 m i l l i o n s .
a r e s u l t t h e r e s e r v e r a t i o d e c l i n e d from 4 7 . 1 to 46-9 p e r c e n t .
As
Discounts, other
than war p a p e r , show a n i n c r e a s e of 11.7 m i l l i o n s , a c c e p t a n c e s on hand went up
2 4 . 4 m i l l i o n s and T r e a s u r y c e r t i f i c a t e h o l d i n g s were 6 . 8 m i l l i o n s l a r g e r than
the week b e f o r e .
millions.
T o t a l e a r n i n g a s s e t s show a n i n c r e a s e f o r the week of 16.2
War p a p e r h o l d i n g s of the Chicago and S t . Louis banks i n c l u d e 2 0 . 4
m i l l i o n s of b i l l s d i s c o u n t e d f o r o t h e r F e d e r a l Reserve banks, w h i l e acceptance
h o l d i n g s of t h e C l e v e l a n d , Chicago, S t . Louis, D a l l a s and San F r a n c i s c o banks a r e
i n c l u s i v e of 116.6 m i l l i o n s of a c c e p t a n c e s purchased f r o m o t h e r F e d e r a l Reserve
t a n k s , a s a g a i n s t I I 3 . S m i l l i o n s t h e week b e f o r e .
An i n c r e a s e of 2 4 . 9 m i l l i o n s i n
Government d e p o s i t s i s accompanied by a
d e c r e a s e of 25*S m i l l i o n s i n members 1 r e s e r v e d e p o s i t s and of a b o u t 3 m i l l i o n s
i n 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 .
The " f l o a t " c a r r i e d
by t h e r e s e r v e banks was 7*6 m i l l i o n s l a r g e r than t h e week b e f o r e and n e t
d e p o s i t s work o u t a t 1 1 . 5 m i l l i o n s above the f i g u r e f o r the p r e c e d i n g v/eek.
Gold r e s e r v e s d e c l i n e d a b o u t l 4 m i l l i o n s , a d e c r e a s e of 4 m i l l i o n s being caused
by s a l e of gold h e l d
i n t h e v a u l t s of t h e Bank of England.
' R e l e a s e d f o r p u b l i c a t i o n Sunday morning, November 23, 1919; n o t e a r l i e r .
COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS.
November l 4 , 1919
November 21, I 9 I 9
RE S O U R C E S
$
2
4
5
,
6
0
1
,
0
00
$248,03:2,000
Gold c o i n and c e r t i f i c a t e s
4
4
0
,
0
7
8
,
0
0
0
Gold s e t t l e m e n t f u n d - F . R- Board
444,547,000
146.17b.000
Gold w i t h f o r e i g n a g e n c i e s
142,155.000
T o t a l g o l d h e l d by banks
834,855,000
834,754,000
Gold w i t h F e d e r a l R e s e r v e Agents
1,166,086,000
1,194,3*19,000
Gold r e d e m p t i o n f u n d
104,086,000
—22-8^15,000
Total gold reserves
$2,133:260,000
$2,119,315,000
Legal t e n d e r n o t e s , s i l v e r , e t c .
66.846,000
6L£5LOQO
Total reserves
2,200,106,000
2,186,972,000
1,700,618,000
(Secured by Government war o b l i g a t i o n s
1,673,590,000
B i l l s discounted.
439;000,000
450,747,000
(All o t h e r
4g0
043=000
455,653,000
:
B i l l s bought i n open market
8 ; 604,680,000
2,59.5 r 271,000
T o t a l b i l l s on hand
26, %46
'26/847,000
U. S- Government bonds
79,000
57,000
U. S. V i c t o r y n o t e s
278, 538,000
285,341,000
U. S. C e r t i f i c a t e s of i n d e b t e d n e s s
All other earning a s s e t s
2,900,734.000
2:916,925,000
Total earning a s s e t s
12,266,000
1?., 278,000
Bank p r e m i s e s
1,000.288,000
1,023,574,000
U n c o l l e c t e d i t e m s and o t h e r d e d u c t i o n s f r o m g r o s s d e p o s i t s
13,009,000
13,038,000
5fo Redemption f u n d a g a i n s t F.R- bank n o t e s
1 0 . 0 " ' ! .000
8.040,000
All other resources
0,153,760,000
£7137;541,000
TOTAL RESOURCES
L I A B I L I T I E S
So,769,000
86,885,000
Capital paid-in
81,087,000
81,057,000
Surplus
102,805,000
77,912.000
Government d e p o s i t s
1,237,540,000
1,863,379,000
Due to members - Reserve a c c o u n t
842,047,000
811,204,000
Deferred a v a i l a b i l i t y items
98,494,000
Other d e p o s i t s , i n c l u d i n g f o r e i g n government c r e d i t s
95,539,000
2,881,832,000
2,547,085,000
Total gross deposits
2,808,456,000
F . R. n o t e s i n a c t u a l c i r c u l a t i o n
2,817,173,000
F . R. bank n o t e s i n c i r c u l a t i o n - n e t l i a b i l i t y
257,281,000
257,680,000
44 J 5 5 s 0 0 0
47,625,000
All other l i a b i l i t i e s
6,159,760,000
TOTAL LIABILITIES
£>137,541,000
R a t i o of t o t a l r e s e r v e s t o n e t d e p o s i t and F . R . n o t e
*In eludes 1-year
l i a b i l i t i e s combined
47,1$
46*9$
Treasury notes.
- 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
54.7$
55.256
st.713a
Hovember 22, 1^18
$ 371,495,000
435,292,000
M^xOOO
813,219.000
1,168,917,000
.__M,W-Ooo
2.060,265,000
v.R..«5,!:<-.J-yO
as
428;190,000
368,754.000
2.078,219-000
29,134,000
*148,180.000
27.000
2", 255,560,000
819,010,000
4-52h,000
24 r.! ' 5 - 0 0 0
5,219,527,900
80 ,025,000
1 ,134.000
12-3 174,000
,6o4 ,033,000
620 ,608,000
j y i 967,000
2,451 ,,82,vvv
2 , 5 5 5 ,215,000
80 , 5 0 4 , 0 0 0
_ _ 5 P . ,267,000
5 , 2 1 9 ",527,000
50.5/0
60,5%
p.o*l^a<=.e>d. f*or pxth 1 i n->ti on Sm id - morning, November 23* 1919 , not e a r l i e r RESOURCES Aim IJA"BI1ITIES OF THE EEDERilL RESERVE DARKS AT CLOSE OP BUSINESS NOVMvCER 21, 1^19.
St.711b
RESOURCES
;In thousands of d o l l a r s . )
F e d e r a l Reserve Bank of
Boston New York Phi l a . C l e v e l . Richm. A t l a n t a Chicago S t . L o u i s . Llinn.Kans.Cy. D a l l a s San Fran
Total
Gold c o i n and c e r t i f i c a t e s
8,533
146,923
1,263 21,634
2,344
8,043 24,081
j,4l0
5,234
275
6,823 l 6 , 4 4 g * 248 012
Gold s e t t l e m e n t fund - F.R,Board
23,952
125,038 31,952 29,952 29,857 13,950 62,365 17,452 16,993 42,139 24,278 .26*619
444*547
6.683
3.839
6.825 3,697
S'sti
l42'iqR
Gold w i t h f o r e i g n a g e n c i e s
10,380
52.186 11.376 l l . b b O
6.968
5.119 16.921
T o t a l gold h e l d "by banks
42,865
324,147 44,591 63,246 39,169 27.112 103,367 27,545 29,066 49,239 3 4 , 7 9 8 ^ 6 0 9 — 8 3 * W 5 4 ~
Gold wxth F.R.-Agents •
65,815
283,780 ]S,3J8
10J,012
48,840 $4,403 252,^42
71,331 35,396 4 o , 5 l 6 2 5 > 9 2 102,681 1 , 1 6 6 > 8 6
Gold redemption f u n d
-2JU55
25,000 10,641
842 l l . U q i
6.638 17.758
4.6l4
1,387
3.776
3.008 q.550
118.475
™ u « r .
0t=.
jgjgg
1
Biiis^iscounted*
^
>7,53S
683,192 134,056 171,978
99,698
89,442 375,971 10^,462
65,939
93,781
64,882 162,033 2,186,972'
127,078
701,956 188,£59 125,938
84,986
68,895 169*345
45,614 30,128
49,535
26,054
56,102 1,673,830
H i H
§.077
^7:00
^
IzMS
99,012
Secured "by Government war
Aii M tE a t : L O n S ^
B i
" t J°VUsln
u. s / o o v
(b)
U. S. V ic to ry n o t e s
U . S . c e r t i f i c a t e s of i n d e b t e d n e s s
Total e a r n i n g a s s e t s
Rank premises
u n c o l l e c t e d items and o t h e r de~
67:qn
™
__22j&^
2^.184
"ilW
c<3? d S C ! 10n !- fr0 ? S I ° S S f - 3 p ® s l t s
yp Redemption fund a g a i n s t
E
t)a ric n o t e s
Ai?* Zv '
other resources
TOTAL RESOURCES
(a) I n c l u d e s "bills d i s c o u n t e d
f o r other F.R.banks,viz.
79.^90
1
'°72
1 0 2 ^
^
fl'.W?
=g
50
~
^
^
15.564 30:36l 26.018 11.860 15.665 4o.4S5 17.46q
QR4.o6l pxq xkx pqn qAr n-y
v%c d A 707 n a n C
"}'.99»
" " i 500
0 0
' " t889
& ~ " %491
i
~ " S I
j
8.380 14.820
<7-7^-^ n 00
11.310
240,891 79,752 74,314 89,270 42,971 116,023
67,468
23,69s
79,540
59,358
610
330
957
559
1,450
1,450
2,901
1,155
1,155
583
583
658 - 1.760
i.76o
//66
66
Lu2i4
851
1,915
177
1,07 )
242
129
4g4
313
2 , 6 0 , 6*5
'
10.960
285.341
i^r^
*"'ii5o
>
47,713 1,000,238
'
655
797
S,o4o
452,699 1,880,333 456,372 499,959 309,655 269,434 895,725 294,059 177,674 297,874 190,589 407,115 6,137,541
-
-
-
-
-
-
:
:
25,065
:
15,870
4,500
-
20,579
(b) I n c l u d e s b a n k e r s ' a c c e p t a n c e s
bought from other<F»B.banks:
Without t h e i r endorsement
13,033
:
-
:
5,012
12,027
St.713c
f o r p u b l i c a t i o n S-.mday m o r n i n g , November 23, 1 9 1 9 ; n o t e a r l i e r .
RESOURCES Aim LIABILITIES OF TIFE FEDEEAL RESERVE BANKS AT CLOSE OF BUSINESS NOVEMBER 2 1 , 1 9 1 9 ( I n t h o u s a n d s of d o l l a r s .
L I A B I L I T I E S
Total
Richm, A t l a n t a C h i c a g o S t . L o u i s Minn. K a n s . C y . D a l l a s San F r a n .
F e d e r a l R e s e r v e Bank of
B o s t o n New York P h i l a - C l e v e l 86,885
4,383
3.388 12,254
4,056 3 , 0 5 9
3,981
3,437
5,^52
22,447
7,256
9,469
Capital paid-in
7,103
81,087
2,029
4,578
2,320
2,805
9,710
2,589
3.957
Surplus
5,20 b
32,922
5.311
5,860 3,800
102,805
4,847
3,710
3,271
3,989
4,962
4,589
1,174 2,524
50,747
7,31s
5.163
Government d e p o s i t s
10,511
733,912 100,716 134,426 6 4 , 1 9 8 51,017 251,035 66,068 53=338 9 1 , 3 7 6 60,729 115,847 1 , 8 3 7 , 5 4 0
Due t o members - R e s e r v e a c c o u n t 1 1 4 , 8 7 8
811,204
66,242
171,652 77,688 6 8 , 6 4 4 76,547 40,509 93,588 55,499 1 9 . 7 4 0 69,620 3 9 , 3 6 7 3 2 , 1 0 8
Deferred, a v a i l a b i l i t y items
42,506
6,4i4
6,002
2,279
3,602 2 , 7 3 7
3,605
2,538
5,^35
9,672
3.733
95.539
7.016
Other 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
Total gross deposits
998,817 192,136 214,235 145,521 96,787 >359,257 129,889 79,067 169,448 105,905 1 5 7 , 3 7 9 2,847.088
198,647
F-R-notes in actual c i r c u l a t i o n
216,914
758,797 219,689 245,484 142,403 149,812 468,708 139,634 83,786 99.114 67,780 225,052 2 , 8 1 7 , 1 7 3
F,RVoank n o t e s i n c i r c u l a t i o n —
net l i a b i l i t y
2^7=630
21,300
55,934 27,563 21,505 11,605 14,750 4o,36l 16,176 8,009 19,056 10,188 117 2 3 3
All other l i a b i l i t i e s
it^-62821.
L
4
3
3
—
2
^
3
1
8
l»a§Q
-1-7,416
3.^11
3,406
1^94-3
1*942
5^32
1^71-5r
—3-y-§29_
ue.ie-
TOTAL LIABILITIES
452,699 1 , 8 8 6 , 3 3 3 456,372 499,959 309,655 269,484 895,728 294,059 177,674 2 9 7 , 8 7 4 1 9 0 : 5 8 9 4 0 7 , 1 1 5
6,137,541
MEMORANDA
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
Bankers{ a c c e p t a n c e s s o l d to
o t h e r F . R- b a n k s
20,370
20,370
20,245
20,245
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
JLfL&88_
838,978 233,686 257,400 146,496 153,858 491,536 162,526 85,442 106,042 70,471 257,455 3,031,492
.997
$56 ^ 9?-2 - a , 691 -32>03—
2l6,9l4
7 5 3 , 7 9 7 219,689 245,484 142,403 1 4 9 , 8 1 2 4 6 8 , 7 0 8 1 3 9 . 6 3 4
227,602
83,786 9 9 , 1 1 4
67,780 225,052
DISTRIBUTION OF BILLS AND U . S . CERTIFICATES OF INDEBTEDNESS BY MATURITIES.
W i t h i n 15 d a y s
Bills discounted
B i l l s b o u g h t i n open m a r k e t
» U - S . c e r t i f i c a t e s of i n d e b t e d n e s s
1,518,169
94,230
27,614
16 t o 30 d a y s
122,628
87,971
15,681
3 1 t o 60 d a y s
273,145.
186,021
18,299
6 l t o 90 d a y s
192,744
111,821
9,054
Over 90 d a y s
17,951
21b, 6 93
Total
2,124,637
480,043
285,341
2,817,173
Released f o r p u b l i c a t i o n Sunday morning, November 23, 1919;
not
St.713d
earlier.
FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS NOVEMBER 2 1 ; , 1919*
( I n thousands of d o l l a r s . )
Boston
F e d e r a l Reserve Agent a t
New York
P h i l a . Clevel.
Eichm- A t l a n t a Chicago S t . L o u i s Minn. Zans.Cy.
Baxlas San F r a n .
Total
FEDERAL RESERVE NOTES:
Received from Comptroller
lj.5g.8OO 1,877,300 486,780 442,880 292,640 289,000 738,800 283,480 146,480 192,obv 131,74o 377,720 5,774,280
Returned t o Comptroller
173, 5pg
Qi^,V2 ? ? a . i i 4 i 6 l . 9 2 0 120.Q26
280,202
963,978 258,666 286,960 171,714 203,923 524,016 179,806
Chargeable to F . R- Agent
52,600
I n hands of F . R. Agent
125,000
24,980 29,560
25^218
85.077 264,784 103,674
50,065
32,480
17.280
51.778
80,808
9^,702 111,852
9,2b0
5,£10
4-5,819 116,115 2 , 3 5 0 . 9 3 5
85.921
15,450
261,605 3,423,345
4,150
391,853
Issued to F-R-barik l e s s amount
P
r:SS°n°
"
B
'
Agent
f 0 r
227,602
838,978 233,686 257,Uoo 146,496 153,858 491,536 162,526
85,442 106,042
70,471 257,455 3,031,492
COLLATERAL SECURITY FOR OUTSTANDING- NOTES:
G
a n d
°on M M
C 3 r t i f i
°
a t e S
183,740
-
24,125
-
2,500
Oold redemption f u n d
13,815
l5,04o
12,989
12,887
840
Gold s e t t l e m e n t f u n d - I . E . B o a r d
52,000
85,COO
65,389
70,000
161,7x7
qRs.iqs 155,308 150,388
227,602
210,396
E l i g i b l e paper - minimum r e quired
TOTAL
™
-
I
^
%
T
™ENT
3,903
-
4,000
13,OS
-
B.831
-
^6,245
8,297
5.400
2,544
2,156
5,177
48,000
48,000 244,145
61,931
19.800
38,360
U . * *
97,656
99,455 239.09%
$1,195
50.046
65,526
44,979 154,774 1,865,4o6
838,978 233,686 257,400 146,496 153,858 491,536 162,526
85,442 106,042
70,471 257,455 3,031,492
876,244 167,569 221,849 100,074 105,646 352.407
69,239
49,807 169.628 2,519,660
97,789
99,012
15,773
S 6
'
9
°
S
93.82)
S J l
»
S >
"
@FedFRASER