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Released for publication Sunday morning April 7, 1918 STATEMENT FOR TEE PRESS . Not earlier. X-B71 April 6 , 1918 The Federal Reserve Board’ s weekly bank statement showing condition of the Reserve banks as at close of business on April 5 , indicates a gain for the week of 3 .4 millions in total cash reserves as against a decrease of 6 millions in net deposits. Earning Assets increased 2 2 .8 millions and Federal Reserve note circulation - 2 7 .1 millions. Qs the result of considerable shifting of gold credits between Reserve banks through the Gold Settlement Fund, the New York bank reports a gain of 13.6 mil lions and the Chicago bank a decrease of 23 .6 millions in gold reserves. BARKING ASSETS: Discounts on hand show a decline of 9 .3 m illions, the larger decrease shown for the New York bank being offset by substantial increabes by most of the Western banks. Of the total discounts held, 304.1 millions, as against 301.5 millions the week before, represent war lftan paper, i . e . , member banks' c o lla t e r a ^ & iS 8 customer s' notes secured by government war obligations. Accept ances on hand increased by 2 2 .4 millions, Chicago, St.Louis and Atlanta reporting the largest additions to their holdings of purchased paper. Over 10 millions of Government securities were added to the banks' holdings, chiefly certificates of indebtedness taken for the temporary accomodation of member banks. CAPITAL: Payment by newly admitted member banks, largely in the Chicago Federal Reserve district, accounts largely for an increase of $271,000 in the banks paid-in capital. DSPOSITS: Government deposits show a slight gain, while members* reserve deposits fell off 2 6 .1 millions, the New York bank showing the largest net with drawals for the week. FEDERAL RESERVE NOTES: Net issues of notes by Federal Reserve Agents totaled 43 .6 millions. The banks report an aggregate Federal Eeserve note circulation of 1479.9 millions, an increase of 2 7 .1 millions for the week under review. CONDITION GF L.jijBJR B^KS 01- 29,. 1918. Principal changes for the week in the condition of 682 member banks in a>rut 100 leading cities are shown as follows: As the result of s u 'jl. ^wiifcial sales to customers by New York City bc.uks during the week, holdings of U .S . certificates <if indebtedness decreased 30 millions and total U .S . securities 51 millions . Loans secured by U .S . war obligations decreased 2 .9 millions while all other loans and investments gained 14.1 millions. For the Central Reserve c it j banks corres ponding changes were: U .o . certificates of indebtedness;, decrease 12.8 millions; total^U.S. securities, decret.se I S . 5 millions; loans secured by U .S . bonds end certiij.cates, decrease 5 .6 millions and all other loans and investments, decrease 7 .3 m illions. Reserve (with Federal Reserve banks) of all reporting banks shows an increase of 9 .3 millions. Cash in vault decreased 6 .3 millions. Reserve* (with Federal Re serve Banka)of the banks m Central Reserve cities increased only slightly, while their cash in vault gained 1.6 millions. The gain in net demand deposits at all reporting banks is shown as 7 2.3 millions; time deposits declined 1.7 millions and government deposits 130.9 millions. In the Central Reserve cities the increase in net demand deposits ejnounted to 54 .1 m illions, while time deposits declined 1.2 millions and govern ment deposits 70 m illions. The ratio of combined cash and reserve of all reporting banks to total de posits remained unchanged at 13.9 per cent, while the like ratio for Central Reserve city banks went up from 15.3 to 15.4 per cent. The ratio of investments to deposits for all reporting banks went up from 10?.5 to 30V .9 per cent, Fcr Central Reserve city banks this ratio decreased slightly from 103.6 to 103.4 per cent. Total excess reserves decreased from 112.1 millions to 99 .1 m illio ns. Like reserves of Central Reserve city banks show a decline from 7 5 .4 millions to 60.7 millions. X-87la 1918 Not earlier STATE.ffii-TT' OF COiffilKED RESOURCES AND LIABILITIES OF THE TWELVE FEDEEAL RESERVE BANKSAT CLOSE OF BUSINESS APRIL 5, 1913R E S O U R C E S April 5 , 191S March 28 and 29 ,1 31 8 April 6, 191? Gold coin and certificates in vault 4S3s7^0,000 489,9^8 ,0 0 0 3 6 2 ,4 ^ 2 ,0 0 0 Gold settlement fund - F. R. Board 3 8 1 ; lS 3,00 0 3 9 9 ,5 ^ 8 ,0 0 0 200,12-5,000 Gold with foreign agencies 52. 500 ,0 0 0 5?->500,000 .—ZIZ. Total gold held by hanks 9 ^ 7 » 0 0 0 9 ^ 2 s0 l 6 ;GQ0 562, 59J ,000 Gold with Federal' Reserve Agents 8 7 3,07 7 ,0 0 0 852,192,000 378, .-50,000 Gold redemption fund 2 j , 404,000 2 1 , 49i>,000 j _ Total gold reserves 1 ,8 1 3 ,9 2 ^ ,0 0 0 1 ,8 1 5 ,7 0 4 ,0 0 0 9 *5 ,5 5 2 ,0 0 0 Legal tender notes, silver, etc. 63; 509>000 ____ 5^z.J159»QQO ..l^x.^ P ’OOO Total reserves 1 ,8 7 7 ,4 3 3 ,0 0 0 1 ,S 7 4 ,O o3 ,000 9 6 2 ,6b2,000 Bills discounted for members and F. S. Banks 5 7 3,833,000 583*228,000 1 7 ,9 ?8,000 B ills bought in open market 326,503 >000 0^5->.QP-0 82, Total bills on hand 9 0 0,386,000 8 8 7,29 3 ,0 0 0 lOO.bo^OOO , . , b29, U.S.Government long-term securities U.S.Government short-term securities 260,400,000 , 5?'9 7 ^ ,0 4 ^ ,0 0 0 All other earning assets 3 ,2 2 2 ,0 00 ____ U E L 2 Q 0 Total earning assets 1 ,2 2 4 ,4 1 1 ,0 0 0 1 ,2 0 1 ,5 8 5 ,0 0 0 2 2 5 ,6 4 *,0 0 0 Due from other F. R. Banks, - net 9 ,9 5 7 ,0 0 0 2os9 *5,000 „ Uncollected items 3 *6 ,9 9 7 ,0 0 0 3 3 A .^ iO >..QOQ _ tThT1 ^Tif'TwT Total deductions from gross deposits ^ 6 6 ,0 ^ ,0 0 0 143*334, $ Redeeption Fund against F.R. bank notes 537 /,0 0 0 400,000 J P & Ph _____3 ,7 24,000 4,802,000 All other resources 3 ,4 5 9 ,6 5 9 ,0 0 0 3 ,4 4 5 ,9 8 4 ,0 0 0 1,3 4 3,3 4 6 ,0 0 0 TOTAL RESOURCES R e l e a s e d for publication Sunday morning April 7, 2 000 60 ^03 000 5 L I A B I L I T I E S Capital paid in Surplus Government deposits Due to members - reserve account Collection items. Other deposits, including foreign Govt.credits Total gross deposits F .R . notes in actual circulation F»R. bank notes in circulation, net lia b ility All other lia bilities TOTAL LIABILITIES Ratio of gold reserves to net deposit and F.R. note lia b ilitie s combined Ratio of total reserves to net deposit and note lia b ilit ie s combined 58 390.000 252 ,000 ,000 3 .000 7^ , 223,000 60«3$ 62.4% 56,100,000 1 ,1 3 4 ,00 0 104,0o6,000 1 ,4 9 9 ,4 0 0 ,0 0 0 2X6.897,000 81,059,000 1 ,8 8 6 .31 8 ,0 0 0 1 ,4 7 9 ,92 0 ,0 0 0 7 ,8 6 0 ,0 0 0 . 9 ,9 3 3,00 0 3 ,4 5 9 ,6 5 9 ,0 0 0 000 53 7*»494,000 1 ,13 4,00 0 10 4,81 8,0 00 1 ,4 7 3 ,2 9 4 ,0 0 0 2 26.139,000 8 2,0 6 7 ,0 0 0 36 46,461,000 758,219,000 105,436,000 1 ,9 0 1 ,4 4 2 ,0 0 0 1,4-52,838,000 910,116,000 37 6,51 0 ,0 0 0 7 ,9 7 8 ,0 0 0 ------------_____________ 620,000 8 ,3 6 9 ,0 0 0 3 ,4 4 5 ,9 8 4 ,0 0 0 1 ,3 ^ 3 ,3 4 6 ,0 0 0 6 0 .8 $ 62-7$ 83-0$ 84-7$ 7 19 8 Released for publication Sunday morning, April , I * Not earlier* WEEKLY S T A T E D ? OF RESOURCES AND LIABILITIES OF EACH OF THE FEDERAL RESERVE RANKS AT CLOSE OF (In thousands of dollars) R E S O U R C E S Boston New York Phila* Clevel. Richm. Atlanta Chicago St.Louis Gold coin and certificates in vault 10,554 332,095 9,8 8 4 3 2 ,8 6 4 29,55S 3 ,1 8 0 Gold Settlement Fund F. R. Board i+9,370 SI, 189 48,731 1 8,220 ,841 , 781 44,513 Gold vidth foreign agencies j , j 1 j 1 ^J1 8 2 ,1 0 2 Total gold held by banks 431,396 73,749 Gold with Federal Reserve Agents 39,336 29,204 40,3 04 153,749 *+ 2 1 5 ,7 U 35,137 Gold redemption fund . s 1 ,189 1,313 Total gold reserves 113,934 56,744 6 4 ,8 9 4 7 1 ,2 4 2 149,977 5,462 Legal tender notes, silver, etc. 2,253 46,157 959 2 ,0 3 8 349 l , 717 Total reserves 703,264 172,790 57,093 6 6 ,9 32 239,273 72,959 Bills dis. for members & F*R.Banks 234,513 26,997 3 9 ,0 6 6 37,631 12,953 3 5 ,4 99 35,083 Bills bought in open market 127,743 27,202 11,371 10,2 75 4 7 ,0 24 13,539 72,417 48,395 Total b ills on hand 32,523 46,233 U* S. Govft long-term securities 5,514 7 ,7 3 8 3 ,6 4 8 19,513 U# S. GovH short-term securities , 3 ,2 4 0 7,643 1 ,5 3 3 32,931 ♦* » %%• *• • •• • 124 All other earning assets 746 547,488 Total earning assets 74,743 51,773 30,2 40 135,713 •* • ♦• • 4,056 1 ,4 7 4 Due from other F* R* Banks - net 9 ,4 9 4 6,463 39,934 23,772 21,346 Uncollected items 66,194 2 1,2 32 18,195 69,895 20,945 66,194 46,397 Total deduct-from gross deposits 23,772 19,047 79,339 22,820 ♦• * 0 S * %♦ ■ -•«*• #• * 5 Reaemp. fund against F.E.Bk.notes »t. «l 9 « • « • 48 A ll other resources 454,380 144,886 s TOTAL RESOURCES 6,265 6,609 15,217 36 26,322 23,401 23 29,061 40,613 1,568 BUSINESS APRIL L I A B I L I T I E S Capital paid-in 6,357 Surplus 75 Gove rnment dep os i t s Due to members ^ e se r v e account 39,520 Collection items Due to other R. Banks - net Other depos.incl.for-Gov1t.credits f #* Total gross deposits F.R* Notes in actual circulation 95,973 F*R»Bk-notes in circul. net liab. All other liabilites 215,931 TOTAL LIABILITIES 5,452 17,688 112,660 *911 X-gflb 1918. Total Minn. Kans„Cy. Dallas San Fran. 48 3,78 0 29,885 303 ;,44S 1 9 ,4 jl 381,163 1 5,9 4s 9,797 25,625 62,290 27,8 45 28,553 39.4 19 55,323 10,000 2,500 1.106 393 1 21 859 233,811 657,107 171,331 68,370 34,735 607 1,152 63 116,237 34,798 151,129 68,977 58,828 5,963 35,219 21,898 11,150 11,13"> 13,470 362,256 66,268 49,002 23,228 17,096 48,689 855 2,233 2,720 8,862 1,606 1,233 1 1+71 183,626 16,657 511 4,039 3,719 510 130 195 62,052 90,713 49,107 24,365 6l ,465 852 4,665 5.-372 10,886 25,676 25,001 21,232 16,7 53 30,341 400 • «t »* • 276 110,100 177,004 215,981 1316,946 259,854 284,735 132,63 116,267 63,599 3,335 2,000 5, 6,635 16,921 52,204 917,443 16,336 54,510 373,077 2 3 ,4 0 4 14 1 ,2 4 4 34,501 106,728 1 ,8 1 3 ,9 2 4 2,451 301 63,509 36,952 107,029 1 ,8 7 7 ,4 3 3 22 ,3 35 29,796 573,383 S .256 26,392 326,503 900,386 56,183 27,591 60,403 2,456 3 ,9 7 0 260,400 1 ,3 9 4 3,131 1 ,3 3 6 ....... 131 1 ,2 2 4 ,4 1 1 , s •» « « 5>435 * 9 ,9 5 7 3 4 6 ,9 9 7 18 15,687 3 5 6 ,9 5 4 • * • 537 137 • ♦• •*» 324: 91,337 133,335 3 ,4 5 9 ,6 5 9 36 07 60,669 18,670 10,252 ,670 3,222 2,760 3 ,4 4 6 2,843 4,303 7 4 ,4 9 4 3 ,509 * % * 1 ,1 3 4 216 « 33 649 9 ,8 8 7 104,818 6 ,8 0 2 8 ,738 9,520 5,327 7,939 9,535 14,567 14,357 185,861 49,526 42,1 44 74,537 37,437 70,590 1 ,4 7 3 ,2 9 4 639,016 92,368 108,524 44,994 52, 26s 34,150 17,029 15,551 12,022 25,144 18,298 4 ,2 4 6 I 3 , m 226,139 5,779 10,853 . • • 232 • « 467 4k* » 24,638 3 ,0 1 7 ** * 2,000 324 * 198 ... . 1. 2. 3 ,9 8 2 S2,067 75,520 19 5 53,211 9 5 ,6 56 49,275 9 5,312 1 ,8 8 6 ,3 1 S 56,537 221,793 7 7 ,5 42 805,799 136,103 143,461 67,323 53, 91s 69,314 3 9 ,5 2 5 83,566 1 , 479,920 435,233 116, 87s 132,257 61,307 56,744 221,851 63,349 ••* »• • * 7,860 • • 7,860 . * 122 *486 ...... 113.. 194 ....... 204______ 2*222. 633 728 _____*923 5,554 1316,946 259,854 2 84,735 132,638 116,267 454,330 144,886 110,100 177,004 91,837 133,335 3 *459,659 19,711 6,873 ••* 3,379 mm0 3 ,7 7 0 116 6,311 2 ,9 4 6 40 5,733 33,727 9 ,597 ♦« • • * • ♦* ♦ * ♦ *Difference between net amounts due from and net amounts dud to other Federal Reserve Banks, 4 • • • 7 Released, for publication Sunday morning, April , 1^13 Not. earlier, X-S'flc STATEMENT OF FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS APRIL , I I . (In thousands of dollars) FEDERAL RESERVE NOTES Boston New York Phila. Clevele Richm, Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas San Fran.. Received from Comptroller Returned to Comptroller Chargeable to F. R, Agent In hands of F. R. Agent Issued to F. S. Banks less amount returned to F. R. Agent for redemption 131,080 106,605 8,220 ..98,385 5 98 643,251 102,400 168,760 164,340 142,907 151,556 13,100 10,460 95,340 18,416 76,9 24 6,635 14,431 75*189 17.005 290,040 12 ,0 76 273.004 42,080 1 1 ,1 65 74,335 5,680 540,851 129,807 141,096 70,239 58.. 184 302,280 89, b20 85,500 71r980 12,020 Total 97,700 68,^00 59,960 4,995 15,118 82,582 7,960 3 0 ^,?f0 2168,400 '& 2 S 6 . 1~ 49,3 95_____ 9 S .J 94 •! 9? ^ 1 o 40;3 92 14,180 * V * 235,924 68,6155_ 5^*965 74,6 22 39;9 25 _ 9it»j374 ** 493 15S.256 77,175 235,924 ?*•' *■ 2*100 38,513 23.042. o 54,105 232*5765 1607,627 COLLATERAL HELD AS SECURITY FOR OUTSTANDING NOTES: Gold coin and certif. on hand Gold redemption fund Gold settlement fund F.E.3oard Eligible paper, minimum required Total AMOUNT OF ELIGIBLE PAPER DE LIVERED TG F . R. AGENT 32,110 179,151 11,560 4,775 11,500 25,000 50,000 325,140 9§73S5' 550,851 72,417 362,255 11,943 *• * t 2 c504 2,204 2 ,380 7,393 70,000 27,000 3 4 ,9 20 .620 51-760 4 i , 035 17,880 129,307 "141, 696"'*767239'■~5s ; i s 4' »• « 6 ,568 73.619 44 66, 26s 45,386 43,447 13,801 • 82, 13,102 a <30i.y 24 ’. 500 15,546 5 ,655 54,965 107 42,232 16,377 O C * \> i3v5Si 252,391 5,114 50,033 2,963 584 52,360 570,643 49,396 40,464 19.299 23»5^9 734,550 " , “ ''397925' ' "947974 "l6077527 2,171 74 022 45,571 27,591 49,408 876,860 M E M O R A N D A FEDERAL F . R. Notes outstanding F. R. Notes held by banks F. S. Notes in actual cir culation 98,335 540,851 ,.407... 129,807 95,97S 116,373 2 55,618 435,233 12*322 RESERVE 141,096 .. 132,257 NOTES OUTSTANDING 70,239 53,134 __Si.93.2_. l s440 61,307 56,744 AND IN ACTUAL CIRCULATION 68,655 54,965 74,622 235.924 14.073 ... 5,306 221,351 63,349 94,974 1607,627 1,047 5,308 3 9 ,9 2 5 400 11,403 53.918 69,314 3 9 ,5 25 S3 DISTRIBUTION OF BILLS, U. S. GOV’ T. SHORT TERM SECURITIES AND WARRANTS BY MATURITIES. Within 15 days Bills discounted and bought U. S. Gov't, short tern securities Municipal warrants l 6 to 30 days 57f 39%^2" 224,395 13 31 to 60 days rffriT , % 100,5 2 ,529 2795 5.032 13 40 6l to 90 days llfrS^ 1 4 ,8 6 6 455 Over 90 days 73? 8,4*571 3 ,5 7 2 1 Total 900,386 260,400 522 ,566 127,707 1479,920 Released for publication Sunday morning April 7 , 1913 Not earlier STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS LOCATED IN CENTRAL RESERVE, RESERVE AND OTHER SELECTED CITIES AS AT CLOSEGOF BUSINESS MARCH 29, 1918. X~871d Member Banks Boston No. reporting banks 3S U-S.bonds to secure circulation 14,6 22 Other U.S.Bonds in cluding Liberty Bonds> U .S * cert if icates of indebtedness , Total U.S. securities 1 51,9S7 Loans secured by U .S . bonds, etc. A ll other lcaigj^and investments Reserve with F.E.bank Cash in vault Net demand deposits , s Time deposits 79,8 08 Gove rnr.ient dep os its _5&O-l0 2. Data for banks in each 11,025 26 3^0 New York 98 Phila. Cleve. 47 79 50,531 12,981 42, 167,324 10,657 3 5 ,9 28 812,362 1, 030,217 Richm. 922 51,182 61,764 614 21,488 20,249 74,820 i4o, Atlanta Chicago St.Louis 32 40 67 93 24,766 15,150 19,5 17 19-.634 12,797 39,021 18,136 20,330 68,772 62,536 48,277 127,310 13,126 1,900 3 4 ,6 3 4 35,576 161,781 729,365 3 ,9 9 5 ,^ 7 3 600,504 928,927 357,037 291,713 1 ,3 6 6 ,2 8 4 63,153 631,537 53,562 80,038 28, 630 26,136 1 4 2,79 2 22,700 124, 57O 19,771 31,067 16,672 l 4 ,695 64,249 606 21 4 ,3 9 6 ,8 9 9 566,712 696,697 282,345 217,755 1, 050,004 2 8 4,82 4 14,578 216,609 51,692 78,467 348,255 _3l45 j 4 s 6_ 34,363 TO. 844 10,077 10,650 54,2 24 23 2 14,076 138,991 3 543,225 539,329 230,474 I Kans.Cy. 69 Total 682 Dallas San, Fran 41 45 17,370 5.692 13,93S 17,569 35-099 270,157 10,9 54 6,008 10,b 92 3 ,317 13,933 3^7,790 31,973 15,088 26,788 30,9S7 55 60,302 9,13S ,617 2,961 2, 7^1 235,872 452,323 13,870 41,256 3, 06s 36,636 1 ,1 3 7 ,5 0 5 35,723 1 ,8 0 5 ,4 5 2 3 H ,5 0 3 4,791 182,742 464,107 9 /9 7 7,12 2 372,715 19,810 43,641 3 7 ,3 22 17,612 44,308 1,1 SB,546 3 6 5,756 17,193 9,397 13,967 ,014 154,311 36 3,60 4 9 ,2 0 1 ,3 8 8 287.281 182;550 , 7 7 ,1 ^ 53,263 1 ,3 7 3,13 1 -26,464 1 7 ,2 28 631,258 11,9 46 Central Reserve City, banks in all . other reserve cities axid otner reporting banks. New York Chicago ferch —-ivlarch 22 -fe.rch $ No.reporting banks 57 57 39 U,S.bonds to sec.circ. • 1,343 35,ol7 35,587 Other U.S.Bonds inclLiberty Bonds 1 4 8,38 6 153,493 783,632 U,S.Cert i f . of indebt. 732,852 41,823 Total U*S.securities 968,185 931,932 57,242 Loans secured by U .S. 148,889 22,202 bonds, etc. A ll other loans and , 3 ,5 4 8 ,2 6 6 828,090 investments 99,460 Reserve with F.R.bank 108,507 Cash in vault Net demand deposits 3 ,9 3 1 ,6 1 9 3 ,3 3 1,25 3 136,350 Time deposits 360,788 42,182 Government deposits 3 1 3,79 9 Minn. 33 St.Louis i Total Cen.Res.Cities jfe-rch 2 9 -March. 29-—iirch 22 14 10,3 70 6,672 26,405 110 47,330 111 47.-350 169,634 173,282 851,910 864,752 43,447 1 ,0 6 8 ,8 7 4 1 ,0 8 5 ,3 8 4 50,317 11,600 19,870 22,219 100 451 11,166 397 Reserve Cities Country Banks March 23~ -.torch 22 ^’arch —•i'ttrch 22 421 424 147 151 48,124 171,793 25 173,677 146,020 , s 296 23 315,121 146,725 615,935 6 3 3 , 644 49,150 32,136 39,357 120,643 168,268 171,352 12 2,58 6 122,495 2 0 ,6 49 272,516 4 ,643,831 4, 651,113 4 ,5 6 5 ,9 8 4 4, 565,924 767,307 529,065 2 7 ,7 4 4 716,214 421,689 426,912 5 0 ,3 2 4 716,533 107,093 40,495 7,850 156,852 155,201 175,509 1 7 7,229 3 3 ,3 3 5 700,077 20 3,68 2 4 ,8 8 5 ,3 7 8 4, 831,229 3 , 695,436 3 ,6 8 5 ,0 3 3 620,574 423,896 425,002 789,230 7 9 4,52 4 165,005 57,072 235,123 22,738 373,789 448,709 225, 30s 280,769 27,211 7 ,0 7 5 Total *.< ’kroh 29--**'krch 22 682 682 270,157 31,766 3 4 7 ,7 3 0 37,673 1 ,1 8 7 ,5 0 5 117,569 1 ,8 0 5 ,4 5 2 20,081 311,503 267,272 ■351,773 1 ,2 1 7 ,5 5 2 1 ,8 3 6 ,5 3 7 3 1 4 ,4 2 8 9 963,007 745,970 3 ,3 7 7 ,1 2 2 , 49,313 1 ,1 8 8 ,5 4 6 1 ,1 3 3 ,0 3 3 3 7 2,00 8 3 3 ,5 7 8 3 6 5 ,7 5 6 , 3 ,1 2 3 ,1 3 5 1 ,3 7 3 ,1 3 1 1 ,3 7 3 ,3 1 6 3 2 ,6 4 6 7 6 2 ,1 2 4 612,873 3 201,388 160,290 631,258
@FedFRASER