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Released for publication Sunday morning August I 11, 1913; not earlier, X-1116 STATMEJT FOR THE PRESS « Avgust 10 , 191 S, ^Substantial gains in the holdings of discounted paper and in note circulation are indicated in the federal Reserve Board1 s weekly bank statement issued as at close of business on August 9, 19 IS. eIHZSTtv®TS; Total discounts on hand show an increase for the week of 6l %6 millions, largely at the New York, Philadelphia, Dallas and San Francisco banks. For the^ ninneapolis and Kansas City banks a considerable reduction in discounted paper on nand is snown, mamly under the head of 6-month agricultural and live-stock paper* War paper, i te*, member banks’ notes secured by U,S« war obligations and customers pap^r similarly secured, increased from 635*9 to 761 ♦6 millions and con stitutes 57"9’ P Q^ cent of the total discounts as against 5^*0 P^r cent the week bexore. Acceptances on hand fell off 0*6 millions-, the three Eastern banks reporting substantial liquidation of this class of paper# following redemption of the 19 OS191S bonds,^the U %S« bond holdings of the banks show a further reduction of 1*3 mill ions4 J-otal earning assets ftu 1.neroa<u* tot *fcho week of 55*5 millions* £gP0SITS: Government deposits increased 1&*7 millions, Chicago reporting the lar^esc^gain for the week. Members1 reserve deposits show a decline of 2 %S mill ions, while net deposits wont up about 17*5 millions. — SERVES: Considerable shifting of reserves through the Gold Settlement Eund is noted, the iJqw YCrk and San Erancisco banks reporting the largest reductions in re serves* old^reserves show a gain of 9 *^ millions and total reserves a gain of 9*6 millions. Mainly as the result of the large increase in note circulation the ratio Ox reserves to aggregate net deposit and Eederal Reserve note liabilities shows a decline from 58*7 to 57*9 per cent. The ratio of gold to Eederal Reserve notes in circulation ^af ter setting aside 35 P^r cent against net deposits, shown for the first time in the present statement, works out 76*3 per cent, conpared with 7S .I per cent the week before* Ql.^CULA-TION: During the week the Agents issued a total of 60.3 millions of -Bederal He serve notes. The banks report a total -Fodoral Eesexva note circula tion oi 1955*3 millions, a gain of Us.o millions for tho week, also an increase of .2*2 mill iens _in their aggregate liability on -fedei-al Reserve banknotes in circulat i on. CAPITAL; An increase of $353,000 in paid-in capital is due primarily to pay ment for federal Reserve bank stock by nowly admitted banks in the Philadelphia, Cleveland and Chicago districts-* CONDITION OF MEMBER BAHKS, AUGUST 2, 131S. Moderate gains for th3 week in demand deposits and in total investments are indicated by the statement of condition on August 2 of 719 member banks in leading cities. U.S. securities on hand decreased about 15*5 millions, a like reduction being shown for U, S. bonds other than circulation bonds* Holdings of certificates of indebtedness increased about 6.7 millions, a slightly larger gain being shewn for the central reserve city banks. Loans secured by U.S, war obligations show a gain of 12*7 millions for all reporting banks and a gain of 19 «^ millions for the cen tral reserve city banks. Other leans and investments show a gain of 67 <2 millions, the aggregate increase for the banks in the three central reserve cities being nearly as large, J>or all reporting banks the ratio of U .S. war obligations and loans secured by such obligations remains unchanged at lU .6 per cent, and the same is true of the ratio of 16*2 per cent for the central reserve city banks. A gain of 3 5 *8 millions in Gcvemment deposits by the banks outside the cen tral reserve cities is largely offset by net withdrawals of 29*o millions from the banks in these three cities, Net demand deposits of all reporting banks went up 0C .3 millions, the gain at the central reserve city banks being somewhat larger.*** J-otal time deposits show a gain of I3.2 millions, larger gains at reserve city ban.£s being offset to some extent by losses under this head shown for the country oanks. Total reserves fell off over 8 millions, and cash in vault about 6.4 millions. ' For all reporting banks the ratio of investments to deposits shows a slight decline from 125 to l 24,S p a r cent, while for the central reserve city banks, owing to the relatively larger gain in investments a rise in this ratio from llU .2 to 115*0 per cent is noted. The ratio of aggregate reserve and cash to total deposits > declined from lty.S to lU *6 per cent for all reporting banks and from 15*9 to 15»6 per cent for banks in the central reserve cities. Aggregate excess reserves show a further For the central reserve city banks decrease from 96*5 to 79*6 millions* a decrease of this item from 7 S .6 to 64*9 millions is noted. -eleased for publication Svnday morning August 11, lc,13. *'ot earli; r. STATEMENT OF COMBINED RESOURCES .AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS AT CLOSE OF BUSINESS AUGUST 9 , 191s. R E S O U R C E S August 9 , lgis A-ugust 2 , 191 g August 10, 1317 Gold in vault and in transit 395.^10, ooo 403. 470.000 413.349.000 Gold settlement fund, F. R„ Board 623 119.000 606,35*+, ooo ^09,852,000 Gold with foreign agencies 9, 696.000 52.500.000 % 6.9.6^QQQ Total gold held by banks 1, 011, 1460,000 1, 041, 235,000 876.201.000 Gold with Federal Reserve Agents 9^0,692,000 902,793,000 4g5,467,oco Gold Redemption Fund ^ 3 . 149.000 ___ 3&J3lg*QQQ Total gold reserves 1,990,301.000 1. 930. 396.000 1, 370, 9^,000 Legal tender notes, silver, etc* 5I+..222.000 ___ 5M 22t,000 — 53,..117,000 Total reserves 2 , 044, 523,000 2. 034. 913.000 1.424.059.000 Bills discounted for members and F.R. Banks 1, 332, U73,000 1,-270,919,000 13^,229,000 Bills bou~ht in open market _20a_55X^00Q - ^ 9090 ^-0-02 Total bills on hand 1, 541, 030,000 1. 430. 104.000 234.019.000 U.S. Government long-term securities 3^,931,000 36.237.000 41.276.000 U .S . " short-term 11 17.404.000 17. 573.000 32.604.000 All other earning assets _______ 10?, 000 101,000 Total earning assets 1 , 593, ^ 7,000 1.534.015.000 359.377.000 Uncollected items (Deduct from gross deposits) 534.753.000 531.552.000 204.106.000 5/J Redemption fund against F ,E . Bank notes 735,000 496,000 500.000 All other resources ____ i i , 4ic,ooo 10. 551.000 221.000 TOTAL RESOURCES U, 23^, 893,000 4.111.533.000 1.988.263.000 L I A B I L I T I E S Capital paid in 76,376,000 76,518,000 57.970.000 Surplus 1,134,000 1,134,000 Government deposits 179,97s,000 161.236.000 140.447.000 Due to members - Reserve account 1,420,705,000 1,^23,532,000 1.101.614.000 Collect ion items ^33,3^7,000 390.911.000 122.493.000 Other deposits including foreign government credits 127 .050.000 114. 11.274.000 ^ Total gross deposits 2,161,030,000 2.090.397.000 1.375.823.000 i’ . R. notes in actual circulation 1 , 955, 276,000 1 . 906. 465.000 549.244.000 F„ R. bank notes in circulation - net liability 13 , 716,000 11,479,000 4,132,000 All other liabilities ___ 26 .3 1 1 r000 ___ 25. 5te ,000 TOTAL LIABILITIES 23^, S93, 000 4.111.533.000 1.988.263.000 Ratio oi total reserves to net deposit and F. R. note liabilities combined 53 57-3% ■ S2,l $ Ratio of gold reserves to F.R. notes in actual cir culation, after setting aside 35 ^ against net deposit liabilities r s .i? . — _ Released f or publication Sunday moming August 11 , 1918. Not earlier. X- ln 6b WEEKLY STATIMENT OF RESOURCES AND LIABILITIES FOR EACH OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS AUGUST 9, 1918. (In thousands of dollars) R E S O U R C E S Boston New York Phila. Cievel. Richm. Atlanta Chicago St. I<ouis Minn. Kans-Cy. Dallas San Fran. Total Gold in vault and in transit 291,206 3S0 30,445 2 ,oo4 3,721 6,136 6,787 26,809 *+ 6,336 13,017 8,375 395, *±10 Gold settlement fund, F. R. Board 69,066 243,463 52,357 5 2 , 51S lU, 446 16,835 51.899 34,134 9,70*1 30,633 7,741 23,558 606,351+ Gold with foreign agencies — BlS. _3S8_ *+85 -1 , 345338. 9_ ____ 33-9- ____ -1*3.57339-5339+696Total gold held by hanks 73,466 53s,014 53,416 83,336 20,921 23,913 80,065 36,526 18,467 31,312 l4 ,4 l6 37,108 1 , 011, 1+60 Gold with Federal Reserve Agonts 60,847 279.023 97.059 116,550 36,51** 25,353 146,343 31.389 23,195 33,368 13,928 77,123 940,692 Gold re deration fund _ 15-»J1QD__ -X50Q___ 1,324 109 JL,0J70__ _l.v-24g______= - ___ 33 , 1 % - 2 0 £ S _ 3 u S53_ — 2.J Total gold reserves 137,924 832,037 154,975 201,710 57,544 52,031+ 230,367 70,256 1+3,881 6 5 , 7 ^ 29,592 11*+, 231 1,990,301 I*egal tender notes, silver, etc. 171 2.090 _2*kQ2L 1+80 1,698 248 5UrPPP ______550 ._ -32a -53*i 151Total reserves 140,326 8 7 6 ,9 8 5 1 5 5 ,5 2 5 2 0 2 ,0 5 9 5S,138 5 2 ,40 5 23 2,4 57 70,736 *+*+,032 66,091 31,290114,1+792.01+11,523 19 M Ml. 291- Bills discounted for members and F. E. Banks 34,957 412,455 92,346 98,713 64:393 45,456 233,984 57,37s 55,715 71,810 37,795 77,466 1,332,473 Bills bo-ught in open market 1&*933___ 113^10,6_„li_^£g4-__X9^ii2 _ XvQI2_ 3-M3___ SU5k3___ 5UX2L ____ 583______ 1 2 9 ____ 9 7 L _2 l^2 0 3__2 0^ _55 7 _ Total bills on hand 103,395 525,561 104,030 1 17 ,s?0 71,465 48,945 243.533 60,099 56,298 71,939 3 8,766 98,669 1 , 541,030 U. S. Gc/ eminent long-term secur it ies 1,121 711 4,50s 1,153 1,455 1.347 5 . 7^9 1 >233 1,343 8, 871 3,979 3,461 34,931 U.S. " short " ” l,4l6 S92 2,112 321 3,533 1,212 1,730 1,511 924 1,304 901 1 , 39s 17 , 1+04 All other earning assets --_____ 26_ — 25 ________ 102 Total earning assets 106,432 530,650 106,529 125,309 "747209 50,674 250,153 61,573 58,565 82,114 43,671 103,52s 1 , 593,467 Uncollected items (deduct from gross deposits) 142,190 55,674 45,332 42,804 25,707 80,976 40,340 22,049 53, 6a 12,802 25,522 584,758 5$ Redemp.fund against F.R.Bv.notes 14 100 4oo 137 84 735 All other resources -152-_____ 1,846.... 1,244______ 632 I T960 jo 4_ 1,-258_222_ -536_____ & S ___ 1 ^224-___ ixj+io, 313. TOTAL RESOURCES 285,251 1,551,671 319,032 373,332 I 77, m 129,504 564,944 173,185 124,873 202,605 88,543 244,837 4,234,893 37,741 l i a b i l i t i e s Capital paid in 6,474 3,920 7,150 3,693 19,989 3,119 9,966 3,640 2,849 3,545 Surplus 649 116 4o 216 75 38 --G ov ernment dep o3it s 19,815 6,761 35,082 6,966 25,595 11,506 22,23s 7,351 3, 4o4 13,655 Due to msmbers, reserve accotmt 621,036 S4 , 59S 109,226 45,570 33,327 178,394 54,227 36,052 65,820 87,695 Collect ion items 37.480 116,713 39,732 43,326 33,692 20,550 45,035 30,032 17,807 27,024 Other deposits, including foreign government credits 199JJLSL2HL £,J 35_____JL£L 23 Total gross deposits 144,990 883,065 135,836 175,589 87,113 65,645 261,356 91,352 62,292 106,499 F.R. notes in actual circulation 131,725 638,917 174,714 187,075 84,433 59,866 237,329 77,037 58,657 82,666 F.R.Bank notes in circ.,net liab110 2,000 3,000 All other liabilities JU-9-87______ 9-v051____ 1 ,3 3 2 ___ JL 3 7 5 ____-U529L -7-24_3u577. 1 +156 . -U037____-U195TOTAL LIABILITIES 235,251 1,551,671 319,032 373,332 1 7 7 .n 1 129,504 564,944 173,185 124,873 202,605 . 3,0 32 — 9,954 30,053 8,936 4,499 76,876 — 1,134 12,151 179,97s 69,702 1,420,705 12,970 433,347 3 2 ___ 3.540 127.050 4 s ,9 so 98,363 2 ,i6 i,o k ) 33,154 139,203 1,955,276 2,451 1,155 13,716 -931___-ljilj_____2£ + s a _ ss,54s 244,837~4^>34,S93 Released for publication Sunday morning August 11, I 9I 8. X l l l 6l Not earlier. STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS AUGUST 9 , I 9I 8. _ FEDERAL RESERVE NOTES: Received f r o m C o n t r o l l e r R e t u r n e d to C o m p t r o l l e r C h a r g s a b l e to F.R. A g a n t In h a n d s of F„ R. A g e n t Issued to F.R. b a n k l ess amount r e t u rned to F.R. A g s n t f o r redempt ion at oston ^ v 1 ew thousands of dollars) Phiia. Clevol. Richnu A t l a n t a C h icago St. L o u i s Minn. ork 2 3 6 -6S 0 2 3 5,700 1 2 3 , 1 2 0 102,31+0 ’pnk 20,481 S1,5S0 3? 6 !2^ ° _ _ 5 9,^ 18_ _ 6 2 ’^ . R G o l d settlement fund, F.R. B o a r d E l i g i b le paper, m i n i m u m required , 51« 82,327 162 730 68 , 5 0 0 1 7 ! % ? l i 1 7 Total 2 S 32 ? U g W 289 163 7 U 0 96,156 7.RP0 51,127 1 5 0 ^ 6 0 7 2 , 3 4 3,64s 17,735 — 59,341 33,636 3 3 , 3 9 2 15 0 , 6 0 7 2,oss, 1+73 ---- ______ 15*233 x t ? 9 394 l o ’?T7 87 10 0 * 0 0 0 fife 25*168 U lT I l k 7k 0 l ’ o 9 2 ~~ 5,000 7,347 1+3 5 0 0 G o l d c o i n a n d c e r t i f i c a t e s on h a n d G o l d redeBption f u n d 3u 115,700 1 ^ 8 4 19 44 W ag 7l k ’ l n l 96,66s 8 1 , 2 5 9 3 6 1 , 6 7 2 ss,2 8 7 . 6 6 , 1 9 6 15*3_ Q ---- 9^ n a L a i * £ f i e _ J L S * 9f i Q _ _ _ ^ 5S L J 9 j a 5_ 5QJL 6Q— 5+ 9-60___ 6.355 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Tot»i 386,740 107,6 S 0 25.062 1^393 Kans.Cy. D a l l a s S a n Fran. i rn k * ls.xfii* 135,13b 696,79? 182,227 196.230 103,895 525,561 m ~?7 3 I c o ’L i o i ’n S ,) f ^ ’n m S 9 .31S 62,1*1* 3 1 1 , 5 1 3 Q n ’nrn 7Q o c 1’ 11,532 13 , 1 0 2 ’J 59 29,630 82,327 793 2,00S 9,300 31,360 212,240 --- 1 ’7 6 2 584 S *522 60,296 668, 1 5 6 63,601 v - n ^ tvhsu 59,31*1 <53,636 33 ,395l 5c C t o T 2T o i t ^ AMOUNT OF ELIGIBLE PAPER DELIVERED TO F. R. AGENT 95.1H5 117,282 70,71* MEMO 38,033 21*0,237 V .,972 1*7,022 71,939 38,766 86, 5 2 3 1 , 1.80,179 R A I D A FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F. R. n o t e s o u t s tanding 135,136 F.» R. n o t e s h e l d b y b a n k F.R. n o t e s in a c t u a l c i r c u l a t i o n 131,725 638,917 17>t,7il* 187,075 si*,1*33 59,866 *12, 287,829 77,037 ^ t i l * ’% 5S .657 32,666 53,392 150,607 2 33.15U 139^203 , M l , 955Tifi" DISTRIBUTION OF BILLS, U.S- GOVERNMENT SHORT-TERM SECURITIES AND WARRANTS BY MATURITIES Within 15 days B i l l s d i s c o u n t e d a n d bought U . S . G o v e r n m e n t s h o r t - t e r m securities M u n i c i p al w a r r a n t s 9^6,126 2,035 k 16 to 3 0 days 178,593 750 3 1 to 60 days 223,110 3,^91 56 61 to 90 days 164,347 1, 6 6 9 1 Ov or 90 days 28, 354 Total 9,^09 1 , 5^ 1,030 17,404 16 77 Released for publication Sunday morning August 11, igiJg. Not earlier. -X-lll6d STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITM S OF MEMBER BASICS LOCATED IN CENTRAL RESEHffJS, RESERVE AND OTHER SELECTED CITIES AS AT CLOSE OF BUS MESS AUGUST 2, 1913. (In thousands of dollars) Boston New York Phila. Clevel. Richm. Atlanta Chicago St-Louis i’^inn. Kans.Cy. Dallas San Fran. Total 50 42 49 44 102 85 32 No. reporting banks 92 *+2 73 35 719 73 17,644 U.S. bonds to secure circulation 14,351 51,685 12,770 *+1,355 24,679 15,*+6o 17,008 16,995 3*+, 665 267,032 '6,1*69 13,951 Other U.S. bonds including 14,016 564,76s 75,*+Sl+ 20,999 13,271 17,777 15,020 23,692 Liberty bonds 21+7,132 27,021 55,602 30,017 2*+, 737 U.S. certificates of indebtedness *+7,508 793,021 399,122 37,386 55, *+87 19,353 20, 1+57 99,763 23,019 15, *+23 2*+, 596 11,253 39 , 65*+ Total U.S. securities 75,875 697,939 77,177 152, 1+44 74,049 60,65*+ 192,255 61,013 35,163 56, 32*+ **3,917 98,011 1,62*+, 821 Loans secured by U.S.bends, etc. 2*+l,S4l *+3,6ll 37,573 18,l *+3 5,519 6,404 *+7,228 500,070 67, 7*+5 14,901 *+,535 *+,857 7,713 All other loans and investments 776,760 k , 405,907 609,31s 979, *+72 356,336 273,365 1 >39*+, 700 381,671 260,960 *+73,036 168,670 527,680 10,607,875 609,651 52,958 75, 581+ 28,058 23,708 Reserve with F.R. bank 65,967 136,723 3*+,*+U 17,015 40,74s 14,386 *+3,676 1, 142,SS 5 9 , 7^) 20,539 Cash in vault 55,283 11,656 8,781 15,722 3*+6,1+66 2*+, 1+29 119,037 19,224 32,453 15,666 13,396 Net denand deposits 658,741 *+,276,593 558,518 707,575 273,523 189,989 i,oo 4 , 24o 250,76s 15s,304 363,78*+ 130,447 36*+, 277 3, 936,759 268,099 l 4, 4oo 232,240 46,449 S4 , 022 Time deposits 94,447 356,221 83,644 *+5,350 62,879 25,006 127,120 l, *+39,877 Gcweminent deposits J 5 h l 22 _J+Z5a5I 2_ 51.048 . 50,073 18.072 i3J+*+o_ _ 6LJ+29.. 1S,506_ 3J6 18.S 28 10.666 30,473 2 * Data for banks in cach Central Resarve city, banks in all other raserve cities, and other reporting banks. New York Chicago St.Louis Total Can.Res.Cities Reserve Cities Country Banks Total Aug. 2——July 26 Aug. 2 Aug. 2 Aug. 2-July 26 Aug. 2— July 26 Aug. 2-July 26 A-ug. 2 July 26 40 No. reporting banks 14 69 69 123 123 1+35 *+36 161 166 719 725 U.S. bonds to secure circulation 3 7 ,3 *+l 38,168 9,970 45,530 50,029 i69,9*+s 173 . £io Us,504 49,ssi 267,032 273,720 1,269 } Othar U.S. bonds including Liberty bonds 227,411 43,370 14, 64o 220,159 273,669 288,665 233,si+s 235,105 52,251 56,51*+ 56*+,76s 580,28*+ U.S. certificates of indebtedness 380,626 375, 13*+ 59,167 16,204 *+55,997 *+47,503 290,019 2SS,6S5 *+7,005 50,146 793,021 786, 33*+ Total U.S. securities 638,126 640,763 104,306 4o,si4 783,2*16 786,197 693,815 697,600 l*+7,76o 156, 5*+1 1,62*+,821 i , 6*+0 ,33s Loans sscured by U.S.bends,etc. a 0 ,0 9 6 52,576 11,799 a s , 265 282, 61+0 263,253 1SS,715 19*+,*+*+1 28,715 29,670 500,070 487,364 A n other loans and investments 4,062,717 4, 010,611 864,099 273,138 ! *204,954 5,137,926 *+,585, 9*+*+ *+,569,500 816,977 S33,2*+l 10,607,875 10,540,667 Reserve with F.R. Bank 70s,181 713,243 381,630 383,064 53,074 54,615 1,142,885 1,150,922 59*+, 617 98,003 26,593 583,585 106,075 Cash in vault 110,4ss 32,515 6,074 144,664 149,074 165,862 167,43s 35, 9*+0 36,398 3*+6,i+66 352,910 Net demand deposits 3 ,932,499 3, 938,110 691,835 173,233 ] >852,567 *+,789,017 3 ,*+*+5,626 3 ,*+29,896 638,566 657,596 8, 936,759 8,876,509 Tima deposits 218,270 216,133 133,071 62,715 414,056 403,229 837,958 821,S65 187,863 201,603 1,439,877 1,1+26,697 Garemment deposits 474,587 38, 1+93 l*+. 237 *+50,375 503,110 532, 9*+*+ 288,181 250»596 44,076 *+5,809 835,367 829,349 . . - Ratio of combined reserve and cash to total net deposits 15-*+$ 15*8$ 17-1# 15.3^ 15.6$ 15.9$ 13 .s£ 14.0$ — — i4.6£ 14.8# Released, for publication Sunday morning August IS, ISIS; not earlier. X-1135 STATEMENT FOR THE PBESS. August 17, 191S. Liquidation in seme volume of discounted bills accompanied by larger reduc tions in Government and net deposits is indicated in the Federal Reserve Board's weekly bank statement issued as at close of business on August 16, ISIS. Notwith standing the considerable gain in note circulation, the banks' reserve position shows an improvement from 57,3 to 5S .5 pet cent. jffi_VgSTMENTS: Discounts on hand fell off U7 »1 million dollars largely at the Boston and. Chicago banks. Of the total commercial paper held, 752*3 millions, as against 761*6 millions the week before, is represented by war paper, i .e ., member banks' notes and customers' paper secured by U.S. war obligations. Holdings of acceptances show an aggregate increase of 3*7 millions, Boston, Cleveland and Chi cago reporting the largest gains for the week. An increase of 15*1 millions in U.S. Government short-term securities is due mainly to a temporary advance to the Gov ernment of 15 millions by the New York bank for which a Treasury certificate of like amount was given, U.S. bonds on hand indicate net liquidation of 3 mi 11ions, while total earning assets show a reduction for the week of 31*2 millions. 5!^0SITS: Large net withdrawals of Government funds from all the banks, except cse at Atlanta, St. Louis and Dallas, are indicated, total Government deposits s owing a^ shrinkage of sU.7 millions since August S» Members' reserve deposits went up 43,3 millions, while net deposits show a loss of 63...8 millions. ^ Gold reserves increased £.2 millions and total, reserves about 1 million. There has been considerable movement through the Gold Settlement Fund of reserves away from New York, the New York bank reporting a decrease of 77.3 mill ions m its gold reserves. NQ.TE CIRCULATION: Federal Reserve Agents report 30*5 millions net of reserve notes issued to the banks during the week. The banks show a Federal Reserve note circulation of^1,985*4 millions, a gain of 30*1 millions, besides an increase of about 1.5 millions in their aggregate liabilities on F. R. bank notes in circula tion. CAPITAL; Payment for Federal Reserve bank stock by newly admitted members is largely responsible for an increase of $ 8U ,000 in paid-in capital, one-half of the increase being shown for the Chicago bank. CONDITION OF MEMBER BANKS, AUGUST 9, I 9IS, Large increases in the holdings of Treasury certificates and further gains in Government deposits are indicated in the Board's weekly statement showing condition on August Si 1918, of 722 member banks in leading cities. ^Total U.S. securities on hand increased 203-6 millions, the larger increase in certificate holdings being slightly offset by decreases shown for other U.S« obligat ions, mainly Liberty bonds* For the central reserve city banks increases of 113*5 millions in ootal U.S* securities and of 117 «S millions in Treasury certificates are shewn, Total loans secured by U.S. war obligations fell off 31.5 millions, argely at central reserve city banks. Other loans and investments declined 5^-6 millions, notwithstanding an increase of b6*6 millions shown under this head by the banks at the^ three central reserve cities* For all reporting banks the ratio ox f 4 ic;W^r 0k^® a^ ons ^ d loans secured by such obligations shows a rise from l4,6 0 15*0 per cent, while for the central reserve cities this ratio went up from 16 12 to 1 7 12 per cent* The week witnessed an increase of 1^+S*4 millions in Government deposits at the central ^reserve city banks, as against an increase of 126*7 millions at all report ing banks* Aggregate net demand deposits declined 21 >6 millions, while total time deposits increased 22*8 millions* For the central reserve city banks decreases of 0 # millions in net demand deposits and of 3*3 millions in time deposits are noted* Total reserves fell off millions, and cash in vault about 2.3 millions. For all reporting banks the ratio of investments to deposits shows a decline from 124,0 to 124*7 per cent, while for the central reserve city banks a*slightly larger decline from 115 to 114^7 par cent is seen. The ratio of aggregate reserve and casn to deposits declined from l4#6 to lU>^ per cent for all reporting banks and fran 15.6 to 15 .1 per cent for the central reserve city banks. Total excess reserves show a further decline from 90,7 to 7^,2 millions- For the central re serve city banks this item shows a decrease from 6^#9 to 52.6 millions- Released for publication Sunday morning &ugust 18 lQlg RE S OURCE Gold in vault and in transit Gold settlement fund, F. R- Board ^old with foreign agencies Total gold held by banks Gold with Federal Reserve -Agents Gold Redemption Fund Total gold reserves ^egal tender notes, silver, etcTotal reserves Bills disouunted for members and F*R^ Banks Bills bought in open mrket Total bills on hand U.S. Government long-term securities n short-term ,T ^•11 other earning assets Total earning assets Uncollected items (D3duct from gross deposits) 5/s Redemption fond against F.R, Bant notes •All other resources TOTAL RESOURCES iJot earlier. X-1135a THE TWELVE FEDERAL RESERVE BAHKS AT CLOSE OF BUSINESS AUGUST 16 , 191 s. A-•usuot 16 , 151 J A u g u s t 9, 1 9 1 8 -August 1 7 , 1517 $325,017,000 55 , 4ic,ooo $339,198,000 600. 023.000 6 0 6 . 3 5 4 .0 0 0 410.502.000 ____ 5,829.000 930. 929.000 1 , 011 , 460,000 862 . 200.000 961.498.000 940. 692.000 502.588.000 ___4o 116 000 ____ 9,795.000 1.992.543.000 1 . 990. 301.000 1»375,583,000 ___ 52.9so.ooo -- 52.Q06.000 2. 045. 523.000 2 . 044. 523.000 1,4-27,489,000 1,285,362,000 1 , 332, 473,000 153.956.000 212.204.000 — 208^.551^002 — 155J£S*£SQ 1.597.572.000 1 . 551 . 030.000 299.275.000 31.597.000 35 . 931.000 45 , 129,000 32.546.000 17.504.000 30,552,000 ________ 82,000 _______102.000 ---I.-4o o ^ Q Q 1 , 561; 697,000 1.593.567.000 376.356.000 623, 495,000 584,758,000 24-2,392,000 s66,000 735,000 500 , 00 c ___ 10,803 >000 11.410.000 4.242.384.000 5 . 234. 893.000 2,048,44-2, CCC STATBEKT OF COMBINED RESOURCES AND LIABILITIES 01 l i a b i l i t i e s Capital p a i d in Sux-plus Gov ernment deposits ®v-3 to members - Reserve account C o l l e c t i o n items O t h e r deposits including foreign gov't, credits iotal gross deposits S' 5- n o t e s An-. in actual c i rculation k ,notes in ° i r c u l a t i c n - net l i a bility A11 other liabilities TOTAL LIABILITIES 95,555 ,000 l,4 6 4 ; cii,ooo 461.202.000 115 . 234.000 76 , 960,000 1 , 135,000 2, 136 , 002,000 1.985.519.000 15 , 167,000 ,-ZlrJD2JX)0 4.242.384.000 179 . 978.000 1,420,705,000 533. 357.000 — 12X4.050^000 76 , 876,000 1 , 135,000 58,093,000 110 . 110.000 1 . 130 . 817.000 1 7 1 . 916.000 2 .1 61.050.000 1 . 955. 276.000 13 , 716,000 ___ 26 .g n -000 5 . 234. 893.000 — xzJsum 1.425.480.000 558.782.000 4 . 907.000 1.180.000 2.048.442.000 57 *9$ SZ.Ofb E a ^ 1°T?°f total reserves t o net deposit a n d . not e l i a b ilities combined circulaf inn after setting 2° ? *E* not3s actual rculation, aside 35^inagainst 58.5^ n e u. aeposit l i a b i l i t i e s 76-4fo 76 .3 $ Released for publication Sunday morning &aga.st IS , 1918. Hot_«Lrii->r WEEKLY STATEMENT OF BESOUBCES AND LIABILITIES fOB EACH OF TEE l^EDERAL RESERVE BAHKs AT CLOSE OF BUSINESS AUGUST Cln thousands of dollars) B E S O U R C E S Phila* Bichm- Atlanta Chicago St .Louis Mian. Kans.Cy. Gold in vault and in transit ?5I ’ ? ? ^ 44l -25,424 6,208 6,84 9 27,023 1,837 8,222 302 Gold settlement fbnd, F.R,Board ?08 I ; Oil 3’ ?19 53,073 25,17s 20,083 64,632 29,^21 13,885 39,098 Gold with foreign agencies 816 — .,£33______£33, .......291 Total gold heldfcy banks 73,327 ^ 1*2C7 6M 19 79,028 31,590 27. 10? 92,471 .1 ,% 1 22,340 39,691 Gold with Federal Reserve Agent 3 60,612 96,541 121,772 36,356 24.135 151,157 ^ 6,830 Gold redenpt ion ftmd 2.626 1.106 5 2 5 ^otai gold reserves Legal tender notes, silver, etc. Total reserves Bills discountadfor members and F. R. Banks Bills bought in open market '•total bills on hand U.S.Govennngnfc long-term securities U.S. " short " " 137,688 2,629 140,317 64,981 21,616 26,597 946 l ,4l6 All oth<earning asset s -otal earning assets "gs7959_ Uncollected items (deduct from jgross deposits 53,066 5P Eederqp-fundagainst F.R.Bk.notes All other resources jS l TOTAL RESOURCES 283,109 7987587 _5L 574,996 i677s79" i i v L ^ ’ 637165 1.888 6 , 7 6,31+S 12,108 204 12,346 36,531 2.305 k.248 72 Total 385,017 600,083 >L 8gq 990 929 — ,925 121 16,660 49,198 ~ ^ 23,027 71,824 13,915 9 0 96l,tW8 fo).116 166,360 201,554 6 8 3 7 1 55,303 2^7,798 ®.?'+7 T<7,672 77,5*7 33,82jl2i,09ll 1.992IP5 m _____ 311 ... 64i 34o i j * _ ___461 112 296 1.292 ' £.930 16772I 520 1,927 69, 6i 2 ”~5£ 81,408 47, 7W 7 1 ,883 35,115 121,459 2 523 442,065 93, 9*5 92,328 55,^ 43,555 202,564 -ii§ii22— 11*326— 21*360___4.958__ 3 .361 13. iso 554,?57 105,311 114,288 6o,422 46,916 215,744 1,455 1,347 3,120 711 4,508 1,233 IS,733 1,221 1,510 1,715 991 2,112 147,501 Dallas San Fran. * 2 0 4 3 x~ii3$jT 16, 1915. 60,224 I.217 1 , 523,106 336,485 52,561 61x 374,224 _____________ 3 1 48,655 57,760 66,394 39,556 470 2*255--- 580-____ 3£9_ . 50,710 58,340 06,523 40,026 1.153 3*3 8.871 4.349 321 92r+ 1,30^ 901 _________ __________________________________________________________________ _ 48,649 222,364 52,184 59,607 7 M 98 45,276 54,150 27,059 64q 19 82,106 192 187,576 131,093 555*5^ 39,707 — 11,666 78,091 1,285,368 19. 84? 212.204 97,938 1,497*572 3,461 1,398 82 102,797 1 , 561,697 49,194 4qo 15,511 137 30,750 g4 623.495 s66 173,352 119, 273~ ^ 5 , S 6 96,686 l i a b i l i t i e s Capital paid in Surplus CwerncBnt deposits *hie to members, reseive aecount Collection items Other deposits, includingfore%n gcaremmentc credits Total gross deposits ^ ••n o t e s in actual circulation F.R.Banknotes in cire.,net liab. All other liabilities total l ia b i l it ie s 6,474 75 9,166 93,769 38.664 141,599 132,857 2.104 19,999 649 c 7.524 618,438 117, 9*6 7,151 8,697 _ 3,974 12,133 9 7 ,l4o 12C,01c 49,649 42,688 3,921 116 3,576 44,958 46,630 3,114 40 8,143 10,008 216 1,814 V ^1 19,732 46,937 65, 493244,201 640,879 177,232 188,467 61,589294,071 -2*655— h m ___ 2.050 1.425 I___L 979_ 74? 2.854 3,545 3.045 38— -— 5,900 7,722 13,502 b kn 51'G 9i 56’ 935 27,176 13,127 108.016 _121 851, 924150 . 763175,0 10 95,164 86,950 3 , 64o — 9,909 19. 149 88,898 80,158 3,395 283,109 1.523,106 336,485 374,224 187,576 131.093 555,546 173, 30.771 30,497 10,943 5 5 , 9 9 2 5 2 9 , 3 3 - - - 22 1 0 7 , 3 3 2 # * , 3 5 7 1 , 8 3 2 0 * 3 3 1 5 5 , 2 3 8 4,512 76,960 1,134 12,142 95,555 72.121 1, 464, o n 17,163 461.202 2,902 115,234 1 0 4 , 3 2 8 2 , 1 1 4 4 1 , 9 3 2 1 , 2 4 5 1 5 , 1 6 7 . 6 2 5 2 9 7 , 4 0 ---------9 5 4 _________ 1 , 5 5 , 0 8 2 3 6 . 6 7 3 4 , 8 5 2 m 7 . 7 0 2 Released for publication Sunday morning August IS, 1J1S. Not earlier. X-1135C STATMIENT 07 JSDiHAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS AUGUST 16, I 5IS. (In thousands of dollars) Boston New York Phila. Clevel. Richm. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas E D X U L RESERVE NOTES: Received frcm Comptroller • S S ’S S 2^2' 1160 125’ U2° 112’ 360 393' 36° 109’ 6s° S 1*5S0 n 7.7O0 6s, 500 Returned to Caaptroiler --g 2 | J 0 O i ^ 9 j ^ 2 X , ^ g 27^01, .20*332. 25,3ZS 19,915 15.652 20,028 17,520 Chargeable to F . R. Agent 1^9,702 80o 372 200,269 220,812 98,217 91,351 367,372 89,765 65*928 97,672 50,980 In hands of F- R- Agent ■.13,30 0 — ll^'iOC -9^960...21,820___ 1.010..26, 5^0 5 1 .04p 3.330 5.575 6,920 15.815 Issued to F.R* bank less amount • returned to F.R- Agent for redemption 136,1+02 691,9 72 19 0 ,309198,992 91,207 64,g2l 316,332 85,935 60,353 90,752 35,165 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and certificates on hand 5,000 Gold redaction fund 7,112 Gold settlement fund, F .I . Board 48,500 Eligible paper, minimum required 75,790 Total AMOUNT OF ELIGIBLE PAPER DELIVERED DO F. R. AGENT San Fran, total 169,180 2, 895,020 12.472 4qq 26? 15O 08 2 395 158 — *2761210 156,708 2 , 118,94s “ 136,402 163,7^0 - 21,312 14,793 9,254 10,460 100,000 87,287 90,000 413,433, 93,768 11.220 691,972 190,309 198,992 856 35,500 ^4.851 91,207 2,503 ___ 2*312 U39 19,320 150,718 4o,6S6 165,175 64,821 316,332 ___ 13 102 1,639 1*625 45,1 3 1 8,300 39,105 37.326 85,935 60,353 86,597 55^,757 100,475 113,206 59,925 41,265 214,353 47,996 52,335 _____ 11 581 _____ 217 2^8 2,430 1,150 8 223 60 959 34,360 584 63,601 683 301 53,962 21.250 g4|ggU 1 , 157*450 90,752 35,165 156',708 2! 118*948 39,9*7 66,523 M Eli OBASDA • 86,425 1 , 463,844 • FEDERAL RESERVE NOTES OUTSTANDING AND IIT ACTUALCIRCULATION F. R. notes outstanding F. R. notes held by bank F.R.note 3 in actual circulaticr 13?’ !Sf 198,992 --51x031— 13^017__ 10,525 132, 8 5 7 5 4 0 , 8 7 9 177,232 188,467 91,207 4.257 86,950 64,821 316,332 3.232 22.261 61,589 294,071 DIST2I3UTI0II OJ 3 ILL Li, U .r. Z .0 BY LIATU?ITI3S Bilxs discounted and bought 'J.S.C-ovarisjssnt short-sseux-i-'jic Ifciicipal vsa^rants Within 15 days 901.700 17,235 16 to 30 days 151,740 31 to 60 days 231,550 M 5J 56, 85,935 5.777 80,158 60,353 1.025 59,328 90,752 6.394 84,358 35,165 156,708 2,118,948 313 12.030 133,529 34,852 l44,6?8 1 , 985,419 '.I: I" 6l to 50 days 187,526 % 2,123 o Over days 25,056 8,830 20 Total 1,^97,572 32,546 82 Released for publication Sunday morning August IS, 1318. i-iot earlierstatement siioriiTG- p r in c ip a l resource and l i a b i l i t y item s of member ba n k s located m central SELECTED CITIES AS AT CLOSE OF BUSINESS AUGUST 9, 191 S. (In thousands of dollars) 1 . Data for all reporting banks in each district. Uo. reporting 'banks ^ o ^ r T s . b o n d f S c l S S 1^ 1011 lU' 351 ^ 12,T7° i f ' 15.507 ~ reserve and other ’ S‘ ‘ ^ * ‘W ,3 5 ° 117^ Y reserve ^ 6, W S 16,995 13,901 I 0tai“ San iVa*. 17 , 6to 266, 33,905 Liberty bonds . 13,720 233,S67 26,112 54,719 28,113 24,080 79,319 20,134 11,397 16963 15 650 23 436 U.S.certificates of indebtedness 67,294 516,120 50,551 74,036 23,858 27,53* 110,204 29 255 18 512 31*686 13*000 50*cio 1 o r H fiS Total U.S. securities 9 5 , 3o5 S07 ,2 34 89, 433169,105 76;631 67 % 208 030 6 6 3 ft 36 378 62 550 47 094 108*251 1*83H t * Loans secured by U.S.bonds,etc. 42,654 225,342 43,732 37,311 18,444 4,800 '5 8 , 7 0 7 13 6l 6 7 349 4 581 5 291 8*180 470*007 All other loans and investments 791,068 4,441,781 o02,695 977,703 347,050 275,063 1,437,514 382 095 l 6l 44? 475*459 168*547 517*535 10 577 *q S Reserve with F. R. bank 63 2 g 533 661 54 ,2 34 73,753 28*146 l \ ^ 8 W ,1 3 3 & & 17,338 S i 008 * ' M I K ' S ? ^ 137 * ^ ash m vault 26,005 *|3>107 IS , 027 27,996 15,355 15,205 54,526 11,564 8,503 l4,7Q3 10,216 X9*393 *3^ 5*206 Net demand deposits 657,434 4,25/,3S4 . & * 704 b70,972 275,569 191,953 1 , 015,965 263 612 166 135 363 957 133 23s 37$ 8 935*412 Time deposits 9^.330 273,035 14,071 268,031 4 7 983 83 081 359 112 7 5 520 E * 5 S o « V fi& ’S f ' ----------------------i6U 23. . 6M.UM ^ .5 7 9 2. 57^1 16!926 6 u '6 il g f a g Data for banks in each Central Reserve city, banks in all other reserve cities, and other reporting banks. Jew York^ Chicago St.Louis Total Cen.Res*Cities Reserve Cities Country Banks Ho. reporting W e s « i r T s . ^ „ r S i : ^ lati0!1 Liberty bonds “ °69 69 2 *^ 3 5 ^ 3 2 35,503 37,3Ul 1' 25S S-970 13,898 27**,S00 ^ 5S0 278,669 21^,101 220,159 W .S O l 202,078 218,265 te,377 10,693 255. 1U8 282>0 ^fo ^ ^51 ? 2 AUfg 29 163 ^ S 228,2V* > ■ ! ! > 'I > 1 S i ‘£ ; g Hauio ox combined reserve and casli to total net deposits, per cent 14.7 15 J* 16.9 # 1 * : § 16 .1 > $ s \ l i g ; . g » . « lp.l. . 15.6 ife 500 . . f i W * * H 505 * * .5 * 235 92U 50 1*66 52 270 266f 26U * 1% 55-5 510 ( K m . # « . n . ' 13.9 ^ g ,2 A" f ^ , S~ 190 057 3 Total ^ g / ^ loans seoured by G .S ; bond3,sto. ^ il*.0 23 359 2S 759 i s l I w , g . » . « s i- 1| S o 007 J . : i l . : s l ^ :| ^ ,6 "
@FedFRASER