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• Released for put lie at io n Sunday morning, August • 12 , 19 17 * Not earlier* X-324 STATEMENT FOR THE PRESS August 11, 1917 * Loan operations of the Unitsd States Govo3\imont, preceded by treaisfors of funds through tho Gold Settlement Fund from New York to tho interior, followed by a return movement of funds to Now York for Government account; are largely responsible for tho changes in rescrvw and doposits reported by the Federal Reserve Banks as at close of business on August 10, 1917* ordor to provide funds for the payment of tho 3OO millions of United States Certificates of Indebtedness allotted during tho wook, the banks in tho interior apparently drow heavily upon their correspondents in New York. The funds roceivod by tho Government are being concentrated in New York for disburse ment by the Federal Reserve Bank* Similar movements of funds, though on a smp,llor scale, probably were also occasioned by the Canadian Government loan of 100 millions, which was placed to She credit of that Government at Now York on August 9th, the day when payments for the- latest issue of Certificates of indebtedness woro made. The week witnessed further disbursements by the New York Bank of 93 millions in favor of tho British^ French,Italian and Serbian Governments. ^ ° t a l cash reserves of the banks show an increase for the week of 2#7 millions* The New York bank records a decroaso of 38*5 millions in total roscrv largely in fe.vor of Chicago, Philadelphia, Cleveland, St a Lduis and San Fran cisco# Largo credit balances due these banks by New York have boon itibBtastia.1 reduced or oven turned into debit balances* The aggregate of balances due from Federal Reserve Banks, which usually exceeds the total of balances due together Federal Reserve Banks, is this week $ 1 , 655,000 below the total "due to * Trds is caused probably by the receipt in less tha.n schedule time of items forwarded for credit or collection to oth«rr Federal Reserve Banks, the receiving banks giving credit for those items before the forwarding banks had charged thum to the account of the bank to which they had been forwarded. Tho reserve position of tfc^ banks shows a further improvement, the note re serve percentage in particular showing a gain of 1.9 P$r cent, following the substitution, mainly by tho Now York Bank, of largo amounts of gold for commercial paper held by the Agents agp.inst Federal Reserve notes. Largely as the result of the discount in sofiio volume of collateral notes, the total discounts held show an increaso for the week of about 3*3 millions* Of thy total of 134*2 millions of discounted paper on hand, 44*1 millions, or about one-third, is represented by collateral notes discounted for member banks, and of the latter 12,6 millions, as against S*2 millions the week beore, are secured by United States securities issued in connection with Liberty Loan operations* Liquidation on a largo scale of acceptances is indicated by^the comparative holdings of this paper, the more recent figures being^24*4 millions below those reported the week before* An increase of 7*1 ndllions in the total of United States short-term securities reflects largely tho temporary holdings of ^ Treasury certificates pending dis posal to ultimate purchasers. Aggregate earing assets, 359*2 millions, are 15*1 millions below the total shown the wa&k before, and constitute at present about 620 per cent of the banks1 paid-in c?vpital« Of the tfctal* acceptances constitute 41*7 per cent; discounts 37*4 p6r cent; United Staios securities 20*6 per cent and warrants 0*3 por cent* Increases in capital and surplus of member banks and admission to the Federal Reserve System of the Bankers* Trust and Savings Bank of Minneapolis and the Iowa Loan and Trust Company of Dos Moines account for tho increaso of about $89^000 in tho capital account of tho Federal Reserve Banks* Govern ment deposits show an increa.se for the week of 83*7 millions, while reserve deposits show a decline of 91*3 millionsThe Fedor?J. Reserve Bank of Kansas C^ty reports an increase of $ 1 ,3 5 ^ 0 ^ 0 in its liability on Federal Reserve#Bank notes in circulation* Federal Reserve Agents give tho total of notes outstanding as $ 601, 227 , 000, secured by $485, 467,000 of gold and $125,588,000 of paper, Tho banks report a total actual F*R*note circulation of $549,244,000, an increase of $8,459,000 for the week. Re'i0c.s9d for publication Sunday morning, August 12, 1917Rot earlier. - >«■-* J a STATEMENT'OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS AT CLOSE OF BUSINESS AUGUST 10, 191/~ RTrqnTTRP^S Aucast 10, I 917 August 3 , 1917 . , u|us; 15 b‘ GoTd~coin and ^ert if icr.tes in vrult............................. $Ul3, 8U9,000 Gold settlement fund.......................................................... Gold with foreign agencies-......................... .................. ■5,^ 5 0 0 ,0 0 0 876,201,000 Total gold held by banks.................. ......................... Gold w i t h Federal Reserve Agents.................................... 485,467,000 Gold redemption fund.......................................................... ..... l .gi.HjpOO Total geld reserves .................................................. (L e g a l tender notes, silver, etc...................................... Total reserves................................. ............................ Bills discounted-Members.................................................. 134,229,000 Bills bought in open marks*?............ ................................. ..l^i9PiQ00- $1,370,942,000 ^ ’Q h S o h cn n ri I^o n 'n n n -- 1,424,059,000 i ih iR x n o n — L~2— ^ w Total b ills on hand............ .......................................... 41,27 6>000 32,60*4,000 TotciX earning s.sso'ts* 000 ?c hfih non 25,464,000 1.249.000 374 . 266,000 r r\ r\ r\ ~ \ 1,655,000 C a ? i i l l i d - i . 1 1 S -.................................................... Government deposits........... . ............................................ Due to members - reserve account.................................... 1,101,614,000 Due to non-member banks - Clearing account-.................. Member bank deposits - N e t . . . . ................................ . •• — ----Collection items ............................................................... — 122,493,Q00_ Total gross deposits...................................................... F. R. Notes in actual circulation..• .............................. F.R.Bank notes in circulation, not liability.............. All other liabilities includ. foreign Govt.credits.. . TOTAL LIABILITIES Gold reserve against n:t deposit liabilities.............. Gold and lawful money reserve agst.net deposit liabil. Gold reservo agst. F.R.notes in actual circulation... (a) Net s&ouat dua to F . R. Banks. m ’S ^ S t fS U.S.Government long-term securities............................... U.S.Government short-tem securities............................. Municipal warrants*............................................................ Due from other F. R- Banks - Net................................. <a) Uncollected items................................................................ Tot; 1 deductions from gross deposits......... ............ 5^ redemption fund against F.R.Bank notes.................... All other resources........................... ........................... TOTAL RESOURCES • 1,367,673,000 'J '■ ' J 1,421,382,000 ' ^ 2 5 20^.76l,,.000 204,106,000 5?0,000 1 9 7 ,0 ^ Q Q 0 '’trnr/mn ho?m n 492,000 1,998,444,000 425'000 1 , 988, 263,000 57,970,000 140,447,000 10,274,000 19 S w nno 57,881,000 ?JpR7 ^nnn 12,259,000 ~Z~ZZZ~Z~~ — l,3£r°5 V Q ..Q. . 1,374,828,000 ,393,97 , 549,244,000 5 4,182,000 oJayC'’nnn 2,0^9, Op j_ Y o o A m O 1 , 988, 263jOOO ' " A 74-op 7Q*l4 79-3^ r r p S' 90*1$ ^ ^ 's U O O O 1)03,852,000 363,248,000 162 184 000 1*91^000 527,3^7,000 n ^ 0QQ 539,046,000 ^ ^ ^qq 79^519'cOO 109*934 030 U^O^OOO 7 q?r 000 7,32^,000 27.^75,000 1931,274,000 , 271,000 10 q)l7 nnn ^- - ===== iLf/non 4.4?i.OOO _ J k U U ^000 757,125,000 g 'g S 'g * ^.1'-__* ______ ""I__ 490*625*000 .“ 000 i c;?* 7 x 7 ' non t/ L ^ O O O ^pfifi'nnn 757~T2^006" 5 { ^ 4 71 l4 107*4$ ^ Released for publication Sun- -V morning August 12, I 917 . Rot earlier. WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS AUGUST 10, 1°1 J. (In thousands of dollars) R E S O U R C E S Boston N. Y. P^ila. Clevel. Richm. Atlanta Chicago St* Louis Minnls- Kan.Cy. Dallas San Fran. Total Gold coin and certificates in vault $25,266 216,580 25, 1*3 32, 171+ 6,217 7,139 ^ ,0 5 7 U,951 16,629 8,935 13,132 17,326 U13 , 8U9 Gol4 settlement fund 5.811 18?, 101 13 , 1+96 1+5,989 23,353 3,U6U 1+5,666 28,701 8,558 31,980 2,0U2 13,691 1+09,852 ii, 100 ..... 3.bZ5_ 18,112 Gold with foreign agencies JUif?5L ..1,8.31 _ 1x515. _ 7,^50 2,100 876,201 17,012 33,905 3^752 1+21,793 U2, 6ll+ 82,888 31, 1+07 12,178 93,073 35,752 27,287 1+3,5^0 Total gold Veld by banks 26,552 1+85, 1+67 l l +,076 ll+, 51+8 21, ll+O 2l+,868 218,U62 32,813 30,79U 8, U16 18, 98U 59,9^3 1^,871 Gold with Federal Reserve Agents . 3,21k 260 1+12 21+2 386 .... 271 __ 3 i i _ 866 550 5,250 500 ......__5_ 13 GolMfcledemption Fund 60, 1+62 1,370,9^2 31, 31+8 60,120 61+5,505 75,977 113,695 1+0,689 31,57^ 153,258 51,009 1+8,701+ 58,601 T^R'.l gold reserves 360 396 . .. 1,355 .... 1.13.- . .53x111 2,651+ 2,108 39.718 1,601 588 759 3,276 189 Legal tender notes, silver, etc. 1 + 9, 061+ 1 (0,878 685,223 77,578 11U,283 32,703 60,575 i,i+2i+,059 155,912 53,117 58,997 63,396 32,333 Total- reserves 13l+,229 11,285 12,1+28 9,009 10,216 10,558 1U,57U 15,810 i +,965 6,113 16,769 9,191 Bills discounted - Members 13,3 H 11+9.790 2,036 -2^521 . 1.30. 10,739 ^.626 680 19.220 3,201 56,510 16.89U 18.026 16,207 Bills bought in open market 28U, 019 5, 61+5 35,989 12,392 11,^15 23,167 8,lU9 11,530 69,821 27,110 28, 581+ 18,200 Total bills on hand 32,017 i+1 ,276 8, 81+9 11,651 2,255 3,970 70U 1,306 5U 9 610 1,152 1,859 5,918 2,1+53 U^SiGovernment long-term securities 32, 60U 1,896 3,900 l , 56U 3,630 1, 1+714 1,789 3,522 2, 51+8 3,083 5,038 2,19U 1,969 U-S.Government short-term Securities 1+ 6 1,27U 1.097 131 Municipal warrants li+,061 17,883 51,270 16,118 lU, 838 33,805 359,173 / 6, l 65 30,338 38,682 21,321 3I+, 821 9,871 Total earning assets 2, 881+ (a) - 1,655 5,028 n +,069 ------2,302 1,278 Due from other F.R.Banks - Net U,55U 3,373 11.88H 205,761 6,Uoi 32.263 12,356 1+1+, 696 27, U17 l 6,U ll 9.81+3 10,589 .10^,71.5_. .3.1.25113.931 Uncollected items 20U, 106 U6,332 12,356 6, Uoi 15, 7^3 1+1+, 696 30,790 16, 1+11 12, 11+5 11,867 9,255 ll+,768 Totr.1 deductions from grcrss deposit 3 18,U85 500 1403 100 5'jo Redemption Fund agst F.R.Bk notes 1+25 ----28 __ 23. . ____ 5_. ......_2I3_ 1 135 All other resources 1, 988,263 70,326 108,950 93,226 56,352 ^KOTAL RESOURCES 116,702 806, 08U 138,706 169,377 71+, 3^ 5U,206 253,5lU 81,619 " a b i l i t i e s 57,970 3,97U 2,387 2, 521+ 3,203 12,125 5,277 7,513 3,267 2,757 Capital paid in 6,365 3 ,^ 3 5,135 2, 351+ ll+O, 1+1+7 i+,i+30 1,976 1,1+18 13,581 2,231 2, 76U 5,903 i+,i+l5 9l+,6o i 3,767 Government deposits 3,007 1, 101, 611+ 58, 6UU Due to members-reserve account . 68,393 1+31,518 65, 829 91+, 601 36,528 25, 01+8 11+6,205 1+3,100 36,136 66,697 28,915 10, 271+ 256 10,018 Due to nonmemb'er banks-clearing acct. 122,1+93 i+,l+i+l 2,860 15,568 7,593 2,597 6,3^7 10,201 21+, 01+6 21,77U 12,636 9,3^7 Collection items 5,083 308 _6,205_ Due to other F.R.Banks not 13,91+6 1U,095 ____ 589.. 3U,718 65,317 1, 371+, 828 Total gross deposits 83,009 57U,129 90,610 12l+,096 51,778 31, 5^9 175, 35^ 59,129 1+3,1+71 76,811 51+9,21+1+ 28,203 218,l+f8 1+2,582 38,916 19,086 20,270 70,609 19,223 2l+, 331 2i+, 75^ 18,877 23,915 F,R»Notes in actual circulation U, 182 1+, 182 F.R.Bk Notes in circulation,not liab. All othsr liabilities including for 20 2,039 _ ..... 3I_ — __ — eign Government credits J K ------- ----- - .-r--355_ JU3.52 . . 231. TOTAL liabilities 116,702 806, 08U 138,706 169,377 ’ 7 ^ , 3 ^ 5U,206 2 5 3 * 5 ^ 81,619 70, 32V 108,950 5**352 (&.) Difference between net amounts due from and net amounts due to other F. R. Banks; ifuit'aaount is® to F. R. Banks* A ixeasoa tor publication Sunday morning, August 12, I 917 . S T A T E M E N T O F F E D E R A L Not earlier. R E S E R V E A G E N T S ’ ( I n F e d e r a l ■R R R e s e r v e e c e i v e d f r o m e t u r n e d t o C h a r g e a b l e I n h a n d s I s s u e d a m t o C o m C o m t o o f o u n t A g o n t N o t e s : F . R . R . R . B . a n k 51,368 -iSxSBP, ^ J ^ a t e r a l ft s h e l d s e c u r i t y b y f o r , 7 6 0 J J i . 7 7 8 P h i l a . 5 6 6 , 9 0 0 56,613 1 2 8 . 5 2 0 1 3 , 0 0 0 4 3 , 6 1 3 l e v o , 0 0 l . 0 4 , 9 4 d o R i c h m 3 6.266 47,734 J f i U . 2 8 1 , 371,982 C 4 o f 4 , 0 C L O S E O F . 8 0 22,165 2 2 t 7 9 U 1 9 . 6 4 , A U G U S T 1 0 , 1 9 1 ? . l l a r s ) A t l a n 3 7 , 1 t a 8 0 1 C h i c a g o S t . L o 0 8 , 8 2 0 3 1 , 1 0 0 1 1 * 3 1 5 _________I j l 0 2 5 ____________ 2 0 B U S I N E S S 30,155 0 , 9 2 7 5 2 9 , 9 0 0 1 , 9 5 5 7 9 3 , 4 4 2 1 , 9 0 2 5 i s M 3 2 i n n 8 , 6 _______ 6 ' s 4 0 , 4 1 3 , 2 4 0 F . R K a s . C y 4 2 4 8 32,226 2 5 , 1 4 8 1 0 5 , 8 9 3 8.200 , 9 u . D , ^ 2 0 , 0 3 8 _________ 9 3 4 , 6 8 2 _s- m 6 * 0 9 0 a l l a s 3 6 , 9 2 0 , 7 7 S . F r a n . T o t a l 3 0 , 1 6 0 1 , 0 0 2 , 9 6 0 3 , 6 0 8 1 7 1 , 2 9 7 5 27,145 8,126 26,552 1 9 . 0 1 9 2 6 . 5 5 2 831,663 -23Q.43.6. . p t i o n . 3 C Y * m t h o u s a n d s A T l o s s t o r e d e m N . 2 , 6 8 0 -i.L.312 A g e n t A g e n t r e t u r n e d f o r 6 p t r o l l e r F . F B o s t o n p t r o l l e r X-3«-4-c A C C O U N T S F . R - 4 , 8 6 8 ,,, 2 4 3 , 4 6 2 . _ .,U 2 , 5 2 5 5 , 9 3 2 1 , 9 0 8 2 3 1 6 , U 6 2 5 . 4 0 2 6 0 1 . 2 2 7 A g e n t o u t s t a n d i n g Hot 0 8 G o l d o n c o i n G o l d W a n d c e r t i f i c a t e s h a n d i t h C o m 2 r e d e m p t i o n F e d e r a l m e r c i a l f u n d R e s e r v e p a p e r , m B o a r d i n i m o f l i v e . r e d c o m t o F m . e r c i a l R . p a p c 1 0 2 0 7 , 8 0 5 4 , 2 2 0 8 , 5 8 6 1 , 6 5 8 1 0 , 6 5 7 2 , 2 3 4 2 2 T O T A L o u n t , 2 , 0 0 0 •2 r 1 0 . 0 0 0 3 4 . 8 6 8 2 2 5 , 0 0 0 1 0 4 3 , 4 6 2 - 4 3 . 6 F . . R ^ j ^ R . N N . N o t e s o t o o t o s A g e n t 1 0 , 1 4 9 s o u t s t a n d i n g h e l d i n b y 3 b a n k s a c t u a l c i r c u 0 , 0 0 8 * 4 1 6 0 0 8 , 0 0 0 1 3 , 6 , 3 4 0 5 3 8 7 8 3 9 3 1 5 9 , - 5 5 0 0 , 6 4 0 4 , 1 0 2 2 , 3 7 0 1 , 2 8 8 1 , 1 1 8 5 , 7 5 0 4 . 9 9 6 1 0 . 8 S 4 3 6 2 5 , 4 0 2 . 8 0 0 n 1 2 . 0 0 0 _ 4 2 j J 9 1 1 . 1 4 0 9 2 , 9 7 1 1 1 2 * 5 2 5 . _ 2 1 * 2 5 . 5 1 m 6 , 0 7 .0 V 5 0 2 1 * 9 0 , 8 . - 1 5 .1 .2 2 3 . 2 6 , 1 2 6 , 7 0 6 l a t i o 4 , 8 6 8 6 . 6 6 5 2 4 3 , 4 6 2 2 4 , 9 8 4 » , r a l 4 3 S O U 1 2 , 0 R e s e r v e , 6 l a P 1 4 3 . 3 1 0 0 8 n o t e s 2 , 7 9 4 3 , 8 7 , 1 5 0 ^ o o u t s t a n d i n g : 1 9 , 5 2 5 8 W a n d 2 1 , 9 5 5 4 * 9 _ 1 , 6 8 5 i n 7 . - 5 , 5 7 . 0 U a c t u a l 9 3 * 1 8 , 9 4 U U , 9 9 6 W i l l s u n i c i p a l d i s c o u n t e d a n d i t h i n a r r a n t s « http://fraser.stlouisfed.org/ •* Federal Reserve Bank of St. Louis 1 5 d a y s b o u g h t 9 w , 0 6 4 0 4 1 1 , 0 6 0 2 2 8 6 2 4 , 9 4 2 5 , 6 9 0 , 6 9 8 1 8 3 , 0 9 3 3 1 9 , 0 1 9 7 7 2 4 , 6 7 6 1 1 5 , 7 6 0 2 6 , 5 5 2 6 0 1 . 2 2 7 1 1 , 2 8 9 2 0 5 , 2 2 8 1 2 5 , 5 8 8 2 1 , 9 0 8 2 6 , 1 3 6 2 , . 6 8 5 , , 1 , 8 0 5 , 4 5 2 1 9 2 6 , 5 5 2 6 4 8 1 4 2 2 , 6 3 7 , 7 5 4 1 8 , 8 7 7 2 3 , 9 1 5 1 9 , 0 6 0 1 , 2 2 7 5 1 , 9 8 3 n D M 1 e i r e u l p t i n n 1 9 , 2 2 3 B 1 2 , 6 1 0 d e - F ed o F 2 6 , 3 5 9 , 2 u m r e q u i r e d A m 1 4 , 3 7 3 5 1 l £ t o i s t r i b 3 0 , 0 t i o d a y s 47,515 1 u 2 8 n o f 3 1 B i l l s t o 6 0 80,982 1 U6 a n d d a y s W a r r a n t s 6 l b y M t o 9 0 5 7 , 3 2 U 5 1 *9 a t u r i t i e s * d a y s 3 0 O v e r 3 9 0 , 8 1 d a y s 9 U 9 T o t a l 2 8 4 , 0 1 9 1 , 2 7 4 , 2 1 + 4 X - 3 ^ Released for publication Sunday morning, August 19, 1917* Not earlier. STATEMENT FOR THE PRESS August 18, 1917 * Substantial increases in bills held,, including both paper discounted and acceptances purchased in open market, also large net withdrawals of Government deposits are indicated by the Feddral Reserve Board's weekly bank statement issued as at close of business on August 17, 1917* Member banks'reserve deposits show a gain almost as large as the loss shown in Government deposits, New York and soaie of the interior banks reporting considerable increases in reserve deposits. Acting as fiscal agent for the Government New York paid during the week 90 millions to the allied Governments of Great Britain and France, while an additional 20 millions was transferred from the banks to Washington for account of the Treesurer of the United States, part of these funds coming from depository banks* Large amounts received by the Federal reserve banks tin account of the third installment (30 per cent) of the Liberty Loan, were redeposited with qualifying number and non-member banks# Aggregate gold and cash reserves show but little Change, though there has been considerable shifting of reserves from ftew York to other Federal Reserve banks. The ratio of cash reserve to net deposits declined during the week from 79*3 to 7 7 »4 per cent, while the note reserve percentage shows a rise from 90.1 to 91.7 per cent. Discounted paper on hand increased about 9*7 millions, most of the banks reporting considerable gains under this head* Of the total on hand 44*7 millions, as against 4 4 .1 millions the week before, is represented by member banks' collateral notes. Nearly 25 per cent of these notes were secured by United States Liberty Bonds or United States Certificates of Indebtedness, the total, 11.1 millions, being about 1»5 millions below the corresponding total of a week ago. Acceptances on hand show a gain of about 5*5 millions, feoston, Phila delphia and San Francisco reporting the largest additions' to their holdings of this class of paper* The increase in United States bonds on hand is probably of a temporary character sending the final allotment of Liberty bonds to ultimate purchasers. Holdings of municipal warrants indicate Continued liquidation. Total earning assets show a gain of about 17 millions and constitute 647 per cent of the banks' paid-in capital, compared with 620 per cent shown the week before. Of the total, 4 1 .3 per cent is represented by acceptances, 38.2 per cent by discounts, 20.2 per cent by U. S. securities, and 0.3 per cent by warrants. Admission to membership in the system of the State Bank of Chicago and liquidation of some member banks in other districts account for the in crease of $123,000 in capital account. Government deposits with the New York bank.declined about 6l .l millions and with all banks about 3^*3 millions. The smaller decline in total Government deposits is evidently due to the large installment payments received by the other banks on account of the Liberty Loan, a portion of which is still on hand. Member bank reserve deposits increased 29.2 millions, all the banks, except Philadelphia, Richmond and Kansas City^ reporting appreciable gains for the week , Kanaas City reports an increase in its liability on account of Federal reserve bank notes in circulation from $4,182,000 to $4,9^7„i000« Federal reserve agents give a total of $ 613 , 646,000 of notes outstanding, secured by $502,588,000 of gold and $120,711,000 of paper. The banks report a total actual Federal reserve note circulation of $558*782,000, an increase $9>538,000 for the week. Released for publication Sunday morning, August 19, 1917* Not earlier. X. -33^-a STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE T’-'ELVE FEDEiiAL RESERVE BANKS AT CLOSE OF BUSINESS AUGUST 17 1917. - r ~ -n- - 7 .7 . . August 17 , I 9 I 7 . . August 10, I 9 I 7 . August 18, 1916 com ana certificates m vault.................................$399,198,000 $413,849,000 $260 926 000 settlement fund.-........................................................ 410,502,000 409,852,000 lio'ooi'ooo with foreign agencies........................................... 52,500.000 52,500.000 ’ J Total rold held by banks............................. ............... 862,200,000 876,201,000 370 927 000 485,467,000 l62"036"000 Gold with Federal Resex've A~ents...................................... 502,588,000 Gold^redeisption fund............................................................ ......9,795,000 q.27U,000 l ! 991^000 Total gold reserves...................................................... 1,37^,583,000 1,370,942,000 53^,954,000 Legal tender notes, silver, etc........................................ ..... 52,906,000 ___53,117.000 1 6.99 8 .000 Total reserves............. ................................................. 1,427,489,000 1,424,059,000 551,952^000 Eills discounted - Members................................................. 143,946,000 134,229,000 26 756 000 149,790.000 80! 1 ^ . 0 0 0 Bills loou~ht_ in open market............................................... .155,329,000 Total bllls on hand....................................................... 299, 275,000 284,019,000 106,894,000 U.S.Government long-tenr. securities................................. 45,129,000 41,276,000 47,029,000 U.S.Government short-term securities............................... 30,552,000 32,604,000 7,885 000 Municipal warrants............................ ................................... 1,223.000 1.274,000 27.788.000 Total earnin': assets.. . . . . ......................................... 376,179,000 359,173,000 189,596,000 Due from otner F. R. Banks _ Net...................................... 11,688,000 (a) 1,655,000 21,068,000 205.761.000 Uncollected items................................. ............................... 230.704.000 Total deductions from gross deposits..................... 242,392,000 204,106,000 21,068 000 5 / redemption fund arainst F.R.Bank notes...................... -500,000 500,000 500 000 All other resources............................................................ . 1.882.000 425,000 ^.226^000 j Gold Gold Gold • l I T b F l T t i I S in>: ; ............................................................... Government deposits.............................................................. 110,110,000 Due to members - reserve account.................................,.1,130,817,000 Due to non-member banks - Clearin- account................ . 11,637,000 Merger ban!: deposits - net.................................................................. Collection iters................................................................ 171 . 916.000 D i x sross de?oslts..................................................... F. R. Notes m actual circulation.................................... F.n.Bank notes in circulation, net liability................ All other liabilities includ. foreign Govt.credits.. . . TOTAL LIABILITIES Gold reserve a~ainst net deposit liabilities......... . (JoId and lawful money reserve agst.net deposit liabil's .Gold reserve a^rst. F.R.notes in actual circulation.... (a) Net amount due to F.R. Banks. 27048, 442;ooo 1 58, 093,000 1 ^ ,4 4 7 ,0 0 0 1,101,614,000 ^ 2 6 ^ l& j^ o o o 57 , 970,000 55 , 110,000 4gj 7 l7 000 . . 10 274 000 . ' . ' . 122.1m .000 1 , 424, 480,000 558,782,000 4,907,000 2,180,000 2,048,442,000 72*9$ 77-4$ 91*7$ 505, 090,000 . * . . 1,374,828,000 554, 807,000 5^9,244,000 154,444,000 4,182,000 1,691,000 2 0^9 000 2QO 000 1,988,263,000 766,342,000 74.8$ 69 . 5$ 79*3$ 72-7$ 90.1$ 106.2$ Released for publication Sunday morning, August 19, 191N -Not earlier. X-33 Uc WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS AUGUST 17, 1917. X~ln thousands of dollars) R E S O U R C E S Boston N*Y* Phila* Clevel* Richm, Atlanta Chicago St*Louis Minnls* Kas.Cy. Dallas S • Fran Total Gold coin and certificates in vault $ 26,372 199,222 27,506 31,3*41 6,257 1 , 01 k UO, 305 i+,728 16,931 8,365 13, *+6o 17,637 399,198 Gold settlement fund 13,855 166,1108 22,568 52,928 23,053 2, H66 Ui, 252 22,271 7 ,UU3 38,399 i+,212 15 , 61+7 U10,502 Gold with foreign agencies c:axuu -1.1 7JV. ^/AvU j i .v.Ljl_ .... ±jl£2L.... ■Ja VI? ■J-xP.JiP. 1+3,902 383, 7^2 53,7^9 88* 991+ 31,11+7 11,115 88,907 29,099 Total 'rold held by banks 26,U 7 U *+9,389 19,510 36,172 862,200 2 k ,8U6 228, 312 32,539 30, 7^7 Gold with Federal Reserve Agents 21 , 121 + ll+, O 56 20,039 502,588 6^,555 15,971 1^,507 8,353 27,539 500 _3.a-25.Q_ 700 GoJ|fcRedeffiption Fund * 56 1+56 52U 85 U kii .....2*+3......385 395 ______ 15 9.795 69, 21+8 617 , 30U £ 6,988 119*797 i40, 35 U 31,571 153,705 U5 ,U 55 ^^Total gold reserves 1+8, 051+ 61+, 1+20 33,961 63,726 1,37^,583 •Legal tender notes, silver, etclUl 713 3*120 1.760 126 52.qo6 1|05 . 31u-6l2. 1,331....... 629 1,291 313 Total reserves 1+8, 1+59 6U,733 35,252 63,852 1 , k21 , 1+89 72, 693 656,936 88,319 120, 1+26 1+0,1+95 32, 28U 156,825 1+7,215 Bills discounted - Members 17,016 13,582 13,168 10,231 15,9^5 5 , 1+3!+ 16,310 9 , 61+1 8,695 H+3 , 9^6 13,197 13,730 6,997 Bills bought in open market 17,630 17,098 3.182 668 18.392 2.813 ....... 25 11,198 _18XZU9. _56,19.1. 2.531 ... 6,252 ......1 55.329 Total bills on hand 6,102 3U,702 12, 1+51+ 13,222 2k, 928 9,528 Ik,Ski 35,765 70,373 30,798 27,329 19,127 299,275 U.S.Govemnient long-term securities 5I+9 7,918 610 2,806 1,152 8, 8U9 2, 1+53 ’ 70U 12, 00U 2,255 1,859 3,970 1+5,129 U.S.Government short-term securities 2, 191+ 3,522 3, 361+ 1 , 1+71 1, 551+ 1,781+ 1,868 3,538 2 ,5 ^ 30,552 1,969 2,973 3,767 Municipal warrants • «* • #* *»• • *m* • 1 . 01+6 • *r• 1+6 131 1.223 Total earning assets 38,569 22-,2U8- 10, 32s 50, 0>70 16,180 16,635 35,561 15 , 1+12 21,167 76,717’ 376,179 Due from other F.R.Banks - net 11,1+28 t♦• 360 6, 21+1+ 3,299 2S,5l+l 5,068 11,688 53 595 Uncollected items 52,622 16.867 . 31,522 _ 18,067 12,275 10.779 39,020 13,1+50. 6.50U 230.70U 9,013 . 8 , 2U6 12.279 Total deductions from gross deposits 28,295 52,622 31,522 18,067 18,519 ll+,078 67,561 13,^50 9,^33 8,299 17,3^7 21+2,392 7,099 5$ Redemption Fund a ^’ st F-R.Bank Notes 4>» *• m ++ 4 »v * *A -* * m* * ♦«*0 * 4* 1+00 100 500 bA% All other resources 4« « m» » » «« * #* 1,882 10 12 ...... 1,570 230 ^ O T A L RESOURCES 139,557 786,275 153,867 177,769 81,262 56,762 27 U, 1+56 78 , 1+15 72,193 110 , 12 f 59,293 102,366 2 , 01+8, 1+1+2 A I I £ I 1*1 I S Capital paid in 5 , 11+1 12,119 3, 1+1+3 2,382 2, 521+ 3,203 7 , 61+7 3,261 5,277 6,365 3,91k 58,093 2,757 Government deposits 33.^72 19,669 3,760 6 . 3 IO 12^36 i;e 2 B 11,831 U25 6,821+ 110,110 3,6*5 *+,297 5,503 Due to members-reserve account 72,252 UUO,8U9 63,956 lCU,8l+8 35,^10 25, 1+72 150,288 1+3, U&5 36*819 66,072 26, 951+ 62, 1+32 1 , 130,817 Due to nonmember banks*-clearing acc't. • ♦« »*Mi • *• ** • «• « < *♦* + m* 11 , 1+61 176 11,637 Collection items 7,011 2,952 *11,663 171,916 13 , 1+52 30, 181+ 36,617 16,592 10., 326 5 , 651+ 32,316 9,27^ 2,875 Due to other F.R.Banks — net ** * »« * t«» ••* * #* ** » 36.615 1.U15 ......... • •• 1.523 Total gross deposits 35,^81+ 32 , 951 + 19 M 35 5 U, 707 58,272 77,380 7 !+ , O 95 1 ,U 2U, 1+80 552,581 105,728 132,097 1 + 5 , 27 !+ 105,373 F.R.Notes in actual circulation 28,671 220,195 ^ 2,638 39,307 19,^99 21, 1+26 72,279 20, 1+1+7 2U,377 2l+,628 21,052 2l+,263 558,782 F.R.Bk.Notes in circulation, net liab. «** • ** «4»« «» * * *♦ ••* **♦ U,907 !+,907 All other liabilities including foreign • f* 3U IB 221+ * 4« Government credits 1,380 U8 2.180 ..... 372 __95 81,262 56,762 27 U, U 56 78 , 1+15 72 , 193 . 110,127 TOTAL LIABILITIES 59 , 2 |J 102,366 2 , 0 U 8, 1+U2 139,557 786,275 153,867 177,769 (a) Difference between net amounl,s due from and net amounts due to other F. R* Banks* • q for publication Sunday cornin':, August 19, 1917 • iv,Tot earlier STATEMENT OF FEDERAL RESERVE AGENTS ACCOUNTS AT CLOSE OF BUSINESS, AUGUST 17, (In thousands of dollars) Boston N* Y, Phila. Clevel, Richm- Atlanta Chicago St.Louis Minn’s Reserve Notes: $ U 64,000 35,04o d fro- C ontroller u u , u c o u , u y j 1U , ^U-L d to Comptroller ■ ), C 1 U ... u -i±f ^ .. X _____ 50,746 371,732 56,339 57,688 23,006 30,008 108,844 26,028 32,010 ible to F, R. A;rent 5,890 15,900 125 , U20 11,000 1 U. 9U1 4,390 7,100 2, 300 s of F. R. A^ent 29,899 tro F.R,Bank less it j^^urned to F.R* 34,846 2 46 ^1 2 . -f^Preden:ption 42^ 7 ., 20,iJ 06 ._ 22,908 ...,7.8^45_ 2L i l 8_ 26,120 1 62,680 59,760 66,900 x~33Ub 97 I I . Kas,Cy. 37,180 112,060 32,500 38,640 42,720 _ j Dallas S wF ran. 36,920 31,160 . A I. I j S I X L . H . . i . ____ 34,615 9,280 27,066 25,335 21,211 2,370 1,077 12,610 Total 1, 019,560 845,621 .231,975. 27,539 5,855 07 ' jj r '<0 .. 613 i 646 *al held by F. R. A~ent irit; for outstanding oin and certificates id •edemption fund 'ederal Reserve Board *eial paper, minimum 21,210 1,636 2,000 217,905 10 , U07 Lred ?AL 10,000 34,846 18,000 246,312 4, 220 2, U60 25,859 8,582 2,165 20,000 7,500 14,740 374 64,181 12,800 45, 339 12,000 12,353 U2, 7U7 20,706 2,869 22,908 14,390 78,945 3,441 853 1,858 3,353 858 11,760 5,667 .21,638 14,102 1, 272 5,750 1,242 204 849 287,793 25,051 26,690 189,744 fr4 10.828 ___ 7,155 _ 21,211 26,120 25,335 27,339 ae.7i~~x3*r.'ZL..-nsr,,T£ JE^^srrar’?ar.~- 613 ,646 11,060 4,996 111,058 acrstrrs f commercial paper ded to F. R. A~ent 10,164 18,877 12,805 12, 618 .19,127 2,978 14,581 5,670 4,996 10,861 8,034 * * *. 120,711 i n o r L S £ >A Federal Reserve notes outstandin'- and in actual circulation. >tes outstanding tes held by banks 34, 846 246,312 145 339 1 28,671 Digitizedi for FRASER http://fraser.stlouisfed.org/ •> Federal Reserve Bank of St. Louis 2,701 220,195 42,638 Within 15 days .scounted and bought il warrants 4 2, 7 47 20, 7-06 3,440 1,207 39,307 19,499 , 20,11/ 99,799 1,028 22,908 78,945 21,638 6,666 72,279 26,120 25,335 21,211 1,482 21,426 1,191 159 20,447 1,743 24,37 7 27,539 3,276 24,628 21,052 24,263 Distributio]n of Bills and Warrants r Maturities 6l to 90 days Over 30 days 31 to 60 days l 6 to 56,555 t « « 90,114 146 49, UfZ 707 90 3,335 49 days Total 299,275 1,223 613 ,646 54,864 558, 782