The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
V
*'
•
E e l p u b l i c a t i o n
SmicUy Biornirg December 16, 1917*
•
Kot earli#r
X$I5
STATEMEJT FOE THE PEESS.
December 15> 1917*
Gains of about 20 millions in the gold reserves and increases of over
90 millions in bills .n nand ana of about 112 millions in member banks1 reserve
deposits are inaicated by the Federal Reserve Board's weekly bank statement
issued as at close of business on December 14, 1917* Federal Reserve notes out
standing s..ow an increase for the week of about 1*3 millions. Nearly all the
notes issued during the week are secured by paper pledged wi-tn the Reserve.
Agents. As the result of tne large increase in deposits and in paper-secured
note issues the ratio of total reserves to combined net deposit and Federal Re
serve note liabilities shows a decrease for the week from 65-1 to 63*2 per cent.
Collection of outstanding balances due from other Federal Reserve
banks is mainly responsible for the increase of 32.6 millions in the total re
serves of the Hew York Bank, Total earning assets of the bank show an increase
for tne week ;f 52-4 millions, mainly under the head of acceptances and Govern
ment short-tatti securities. The Bank's reserve deposits increased by 7^*6
millions, partly frcm initial reserve payments of newly admitted members*
Chicago reports an increase of 12*2 millions in reserves, while Rich
mond, St, Louis and Dallas show considerable reductions "under the same head,
■owing mainly to withdrawals of Government deposits and to the large discount,
activities of the three banks in connection with the financing operations of tne
Government. On December 11th the banka redeemed the outstanding balance of
U. S, certificates of the September 26 issue. This operatic necessitated with
drawals in saie volume of Liberty loan deposits from depositary institutions and
accounts to some extent for the increases in bills on hand reported by most of
the Reserve banks.
Discounted bills, includirg paper rediscounted for other Federal
Reserve banks, show an increase for tne ..eek of 26.5 millions, Cleveland and
St. Louis reporting tne largest increases unaer this head. Of tne total dis
counts on hand,' 2512 millions as against 2S3*7 the week before represents col
lateral notes secured by Liberty bonds and certificates wf indebtedness, and
115*2 millions as against 126.1 millions - customers' paper similarly secured.
Accomodation vf members in connection with Government financing accounts there
fore for over $0 per cent ox tne discounted paper held at present by the Re
serve banks. Large increases in tne holdings of acceptances are reported by the
Hew York and San Francisco banks. Of the total bills on hand nearly $0 per
cent mature within 15 days and about 60 per cent - within J>0 days, Ho appreciable
changes are shown in the total holdings of Government securities or municipal
warrants. Total earning assets increased during the week by 92*5 millions and
constitute at present 1542 per cent of the banks' paid-in capital, ,e*s against
1536 per cent shown the week before. Of the total 66.6 per cent is represent
ed by discounts; 23 . S per cent by acceptances; 9.5 per cent by Government se
curities and 0.1 per cent by warrants. Further accessions to membership and
payments for Federal Reserve stock are reported' by S Reserve banks and account
for an increase of v392,OOQ in capital account. Government aeposits fell off
about 39*3 millions, while member banks' reserve aeposits increased 111 . 9
millions.
Federal Reserve Agents report an addition during the week of 44.3
millions to tne volume of outstanding Federal Reserve notes. Against the total
issued they held at present" $6S3>378>GCO 01 g*ld and $6G2,9o7)OOG of paper.
The actual Federal Reserve note circulation is given by the banks as $1,153»335>CC0,
or $42,248,000 in excess of the total shown the week before.
1
[
•
X-576
Released for publication Sunday corning December 16, 1917.
Wot earlier.
STATEMENT FOR THE PRESS.
December 15, 1917.
In accordance with announcement made in the last issue of the
Federal Reserve Bulletin the Federal Reserve Board made public today
its first consolidated statement of principal asset and liability items
for 653 member banks (both National and State banks) in 9-5 leading cit
ies of the country as at close of business December 7, 1917.
Original
figures furnished by member banks were consolidated for each district
by the Federal Reserve Banks, the Board’s Statistical Division com
bining the returns by classes of banks and figuring totals for all rer.
porting banks*
It is believed that weekly data regarding the leading banks of
the country, covering as they do about 75 per cent of the investments
and deposits of all member banks, will prove of interest to the bank
ing community as well as to the general public.
Nearly all the banks
in the cities selected have furnished the requested data and it is
hoped that the few banks which have failed to send in their first
statement will furnish data for the next report*
Analysis of the returns has been deferred for a week, when com
parative data will be available for the first time.
It is evident
that the value of the statement will increase as the weekly data are
can^xsxoi and comparisons for longer periods thus become possible.
Released for publication Sunday morning Decanter 16, 191?»
Not earlier.
STATEMENT OF COMBINED RESOURCES AND LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS
R E S O U R C E S :
December 14, I 9I 7
December 7, 1917
Geld coin and certificates in vault....... ..............................$202,8*40,000
$500, 656#OOO
G
o l d
S e t t l e m
e n t
F u n d
-
I V ’
B o a r d ............................ ......................................................................... 3
Gold with foreign agencies*.. . . . ......... .............. . . ................
Total gold held by banks.......... . . . . . . . . . . . . . . . . . . . . . . . . . . .
..».«•....................
G
o
l d
w
i t h
G
o l d
r
e
t a
!
I o
»
d
F e d e r a l
a
g
c
o
t
i o
l d
n
r
R e s e r v e
f u
e
s
e
n
r
d
v
A g e n t s . .
. .................... .... ................................................................................................................................. .
e
s
, 2 1
0 , 0
0 0
3
>.5&0,OOP
949, l$o>^oG
683,373,000
1
7
, 7 1
0
, 0
o t h e r
F
.
R
,
B a n k s
-
n
e
t
. . . ................... ...................... ......................................................
, 6
$
R e d e m
p t i o n
f u
n d
a g a i n s t
F
.
R
.
B a n k
n
o
t
e
s
5
l l e c t i o
n
i t e m
c i r c
u
l a
t i o
n
,
n e t
l i a
b
y
3
n e t
d e p o s i t
{a) Amended figures.
\
8
, 0
0
.
l i a
1
, 4
9
4
, 0
0
4 8 5 >
i e
s
. .
.
.
.
.
.
.
.
.
—
.
.
, 6 3
1
, 3
5 8
* 0
V
, 3
3
2
, 0
0
7
4
1
, 0
0
0
0
, 5
7
6
, 0
0
0
877,534,000
49,198,000
50,424,000
0
4
.
8
37,748,000
1.2 2 191?,000
160,666,000
42,648,000
11,167,000
— 914>QQQ
225. 676.OOO
3 1 0 ,572 188k
336,904,000
.
7
, 5
8
6
, 0
0
0
,
.
47,5867000
3 7 , 0 0 0
4
2 t9.6.gt0Cfi
2 0
, 0 0
0
4,
994,321,000
3 , 001, 336,000
69,048,000
55,731 *000
28,762,000
rr ■
643, 13 b ,000
163,563,000
1,437,174,000
* ;•
1 9 6 , 7 6 7 , 0 0 0
(a]—
, 3
,7f9P7.#.QOfiL
716,433,000
5
•
7
51.m O Q.fe
1,683,307,000
5 3 7 ) 0 0 0
69,440,000
7
5 4 3 , 0 . 0 0 .
0 0
973,120,000
6
319,656,000
351,150,000
1
8 9
, 8
6
1
, 0
15i 58o,pOO
0
0
»• ■
J S ’ S s ’S Z
8
0 0 0 , 0 0 0
X,153i3®5i^^'
................................................
.
0 0 0
686,902,000
190 1682,000
2
,
3
i l i t
1
-- ----433,759,000
273,274,000
$ 1
0
5
b
0
0
14,282,000.
Gold
Gold and lawful money reserve against net deposit liabilities
Gold reserve against F.R.notes in actual circulation....>
s t
0
2,,810 ^ 0 0
3,125,554,000
F, R. Bank notes
All Other liabilities.
TOTAL LIABILITIES
a i n
, 0
—
. . ....................................................
i l i t
3
1,070,673,000
Total gross deposits......................................................
P. R* Notes in actml elm fU liat.......... ..........................
a g
3
s ................................................................................................................ .... ....................................................................
i n
7
53,774,000
43,046,000
Other deposits, incl. for. Govt, credits...........
r e s e r v e
, 2
967,859?000
Capital paid-in.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
C o m m e n t d e p o s it s ................. .................*____________ _____ 129,285,000
iSf^to mecibers
reserve account**. . -■.... . . . . .
J-,^49 *030, Q00
. Member bank deposits. ~ ................. ........ ...................................... V
o
0
713»1+31»OGC
254,428,000
All other resources..,........................................................
TOTAL RESOURCES
C
, 7
50,146,000
1,700,384,000
Unc&Uected i t e c i s , . . --- ----- ----- ----Total deductions frcm gross deposits........... .............. .
5
6
1 7 >
$ 1
1 tender notes, silver, e t c ........................... . ..............
tel r e s e r v e s . . . . . . . . __________________ ______ ______________
f r c m
7
52,50Q>QQ0
329,934,000
683,939,000
0 0
. . ............................................ ................................................................... . . . ............................... .
s discounted for Members and F. R. B a n k s . . . . . . . . . . . . .
.Bills bought in open market................................................ ..
Total bills on hand.................... ..........................................
U. S. Government long-term securities..... ................... . . . . .
U. S, Government short-texn s e c u r i t i e s , .
Municipal warrants........................ ....................................
*
T o tajeam in g a s s e t s .......................................................... .
D u e
9 5
x 575a
I V ,1*17
December 15,191b.
$256,418,000
, 1
2
. 3
6
5
, 0
0
0
( a
5 , 5 5 4 , 0 0 0
******
i'pi
6 l « 7
'
, J » 0 0 0 » 0 0 0
) .
3
♦
■ - » S ,0
. 0 0 1 ^
_
6 2 , 0 0 0
3 3 6 , 0 0 0
0
«8/»
3 | 6 , , .0 0 g
9 9 4 ^
\d
1 , 0 0 0
o9»5‘<
cff
65 .©^
6
—
^
70.7^
Released for publication Sunday morning December 16, 1917,.
Hot earlier,
X-575-b
WEEKLY STATEMENT OF RESOURCES AHD LIABILITIES OF EACH OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSIMESS DECEMBER 14, 1917.
tin thousands of dollars)
Boston
H. Y.
Phila.
Clevl. Richm. Atlanta
RESOURCES:
16,740
24,446
Gold coin and certificates in vault 26,345 322,880
6,165
5,603
15,106 113,858
27,176
38,749 19,340
8,644
Gold Settlement Fund F. R. Board
3.675
18.112
3.675
4.725
1.837
Gold with foreign agencies
1.575
45,126 454,850 .. 47 , 591
-67,920 27,342 15,822
fotal gold held by banks
31,657 167,489
57,o60
53,816 31,695 49,391
Gold with Federal Reserve Agents
10.000
993
1.500
64
509
808
G^fc redemption fund
77,776 632,339 106,150. 121,800 59,546 66,021
Total gold reserves
4,800
41.340
47-5
548
182
•Legal tender notes, silver, etc.
426
82,576 673,679 106,626 122,348 59,728 66,447
Total reserves
26,191
44,746 22,631 14,791
Bills disc for Members * F.R. Banks; 60,426 342,950
21.846
..4*927 . 115.396
26.090 13.774
Bills bought in open market
7.308
65,353 456,346
50,037
70,636 36,£05 22,099
Total bills on hand
610
2,119
5,440
8,270
2,339
U.S.Govt, long-term securities
1,292
2,194
20,510
2 , 666
3,049
4,706
U.S.G^vt. short-term securities
2,922
511
• «« «
44
9 .....•. • » «.
359
Municipal warrants
66,157 461,466
56,209
83,821 40,746 27,719
Total earning assets
♦ * ft
5,192
10,286
6,224
1,729
7,554
Due from other F.R.Banks — net
76,997
24.233
39.772
19.216 15.442 23.880
Uncollected items
84,189
41,501
29,502 21,666 31,434
Total deductions from gross deposits 24,233
«
■
ft
5% Redemption fund against F.R.Bk.notes ..
♦ft
*
ftft
•*
0•
**
396
35
All other resources
194,9661,239,354 206,336 235,671 122,175 125,996
A
TOTAL RESOURCES
W l A B I L I T I E S
5,604
18,173
5,650
8,019
2,819
3,653
Capital paid in
4,619
66,299
6,769
2,434
4,850
13,416
^Government deposits
60,664 730,965
77,598 116,466 44,604 38,526
Due to members - reserve account
17,618
43,261
33,036
15,522 11,739
8,223
CSllection items
19,141
«ft
• *«
Due toother F.R. Banks - net
•«
« ♦<
* »t
7,971
..227
Other deposits incl.for.Govt.credits
• **
74
• ftft
122,262 848,516 113,070 138,984 61,243
60,239
Total gross deposits .
66,038 369,667
86,630 68,208 57,279
62,938
F.R, notes in actual circulation
F.R.Bk notes in circulation,net liab.
14«
m9 4
ft• ft
• • ft
586
862
2.996
460
All other liabilities
TOTAL LIABILITIES
194,9661,239,354 806,336 235,671 122,175 125,996
(a) Difference between net amounts due from and net amounts due to other Federal
4
ft
t
•
f
9 ft
«
4
■*
*
1
http://fraser.stlouisfed.org/
\ Reserve Bank of St. Louis
Federal
------ 1 - 2 - 1 ---
ft *
*
Chicago St.Louis
32,602 5,464
73,404 12,680
7.350 2.100
113,356 20,244
112,074 40,403
741
562
225,992 61,388
775
412
226,767 61,800
78,176 30,291
5.462 6.169
63,636 36,460
14,007 2,233
3,426 1,444
101,073 42,137
1,237 6,647
39.636 16.545
41,073 25,192
* ft
ft%
34
639
368,947129,766
8,793 3,443
2,146 3,076
175,977 51,817
22,333 13,276
ftftft
•«
2.711
221
203,167 68,390
156,987 57,935
• ••
•••
.,,
368,947129,768
Reserve Banks.
*
•
« •
Minn. Kans. Cy , Dallas S. Fran. Tot.^1
14,751 1,789 12,781 33,274
502,840
393,810
12,192 32,093 19,436 21,132
2.100 2.625
1.838
52.500
2.888
949,150
29,043 36,507 34,055 57,294
30,981 42,091 25,07 5 41,
bbJ,378
871
17.710
513
l,u92 " r 57
60,895 79,111 60,222 98,997 1, 650,238
50.146
336
616
194
42
61,231 79,153 60,838 99,191 1, 700,384
9,390 20,665
12,036 29,138
713,431
254.426
10.425 2.287 15.587 23.157
967,659
22,461 31,425 24,977 43,822
53,774
4,272
2,455
1,666 6,649
1,910
48,046
1,341 1,764
2,070
46
994
25
. ...
25,715 42,058 31,365 46,167 1, 070,673
1,501
1,912 (a)31,494
4,086 4,267
319.656
10.832 25.302 12.762 10.639
14,916 29,569 14,263 12,751
351,150
137
537
400
«
•*
2.810
551
1.155
102,415151,180 107,758 160,129 3, 125,5§4
•
69,440
2,605 3,399
2,796
4,066
129
, 285
5,397
6,723
2,692 10,864
549,030
41,015 72,670 47,601 70,907
196,7
6,519 10,691
4,168 10,109
• «•
**•
«* •
t «
4
3.041
14.282
33
51,939 68,380 56,812 95,503
889,364
47,871 51,040 48,150 60,442 1, 153,385
8,000
•*
ft* * 8,000
* ft•
361
98
5,365
ft
102,415151,180 107,758 160,129 3,125,554
1 ,
b t
*
•
ft «
0 *
♦
Released for public ation Sunday ucming December l6 , .1917
Federal Reserve notes:
Beooi?ed f-'er.i Comptroller,
Returned to Comptroller,
Char^eaMo
F, B*Agent,
In bauds ox’ F, R. Agent.
5sued to F... Ra Bank lsss
Suuo*x.';5 r5turned to F*R.
Ag enr. f u :: 3d.sapt i on
Collateral held as security
for outs tiding notes,
Gold coin and. certificates
on hard,
Gold redemption fund,
XJrilci
F.R.Bd,
Comm*-jial pap er, minimtsa
req;-o
[TOTAL
Amount of commercial paper
delivered to F.R.Agent,
H'O t
XVfr
: 3<-~r x i o r *
STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS DECEMBER 14-, I 9I 7 .
(in thousands of dollars)
Boston New York Phila
Cleve Rich
A tl'ta Chicago St. Louis Minn
Kans Cy, Dallas San Fran
95,680 646,680 117 U20 112^720 74,820 27,020 209,260
70,220 63,430 74 , 71+0 67 , 540 73! 640
J VJ
1 "7-t
1 1 .J
u u W’r x j j
xw , -ty j
^ »J
-/w
Total
1, 6-^. 820
•7 7 , X* 1
9: 260
527,929 100,370 104,056 59,597 76,527
116 , 600
6,920 12,940
960-11,270
202,759
41,500
627430
2,490
rsz rn 7
4 , S4G
62, 99s
7,600
55,497 67,750
6,220
1 , 450,267
221,260
67,277
411,329
93,390
161,259
59,940
42,977
55.39S
42,677
67,750
1 , 229,007
26,209
3,448
2,000
156,920
10,569
3,603
4,220 19,126 . . .
4.,.526
4,630 1,695 2,212
42,254 30,000 30,000 42,970
♦♦♦
2,513
2,485
35,405
13,102
7^
3 e >220
243,240
36,330
37,300 26,942 15,266
67 , 277
411,329
93,390
91,116 52,637 64,657
161,259
3ob
276,353
32,192
37,419
36,492 16,212
49,243
91,116 52,637 64*657
434
111,590
• •
*
14,030
2,231
33,Sbu
2,521 2,625
8,474 39,021
2 3 9 ,S33
39,471
404,074
17,996 . 11.307
23,602 26,104
54^622
59,940
42,977
55,393
45,677 67,750
i , 2.i^S$ j 00 /
21,464
21,046
13 , 442
24,977 30,647
602,967
55,39S
_±i15S_.
ci niin
42,677 67,750
.
527 7,302
ica Cr\ liJio
49,125 ... 19,537
1,379
16,500
...
M E M O R A N D A
Federal Reserve Notes outstanding
F.R.Netes outstanding
F. R.Notes held by banks,
F. R. Notes in actual
circulation,
Bills discounted and bought
Municipal warrants
t
>'~J ! :
1
X
? -s' r
0 0 ., C ' -j
-11 , 32 '^
■
'’ i , 662
~ r - r r ~"
" C- . on /
Within 15 days
471,629
69
cuad. i n a ctual
^3.33^ 91 ,116 5S.637 64,657 161,259
6, 3 S0 ■
2n,3
I.?;-:
1 . --- 4,272
H_jrr.r
r.. '^ ' ......
<i*---'
9#
zy 070
07 5? 1
Q£7
circulation
59,940
2.UL5
£7
42,977
1, luo
Ii7 £71
Distribution of Bills and Warrants by Maturities.
16 to 30 days
31 to 60 days
6l to 90 days
24,352
191,626
213,195
142
151
632
over 90 days
6,990
T ct>&X
967,252
9^4
1 , 229,007
75,622
fieleased for publication Sunday morning December 16, 191T*
earlier.
x 576
STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITM S OF MEMBER BANKS LOCATED IN CEWTRAL RESERVE, RESERVE AND OTHER SELECTED
CITIES AS AT CLOSE OF BUSINESS DECEMBER 7, 1917« .
1. Data for all reporting banks in each district.
(In thousands of dollars).
San Fran.
Total
31
17
65
30,465
14,521 30,832
47
5 9 .s53
653
» >736
2,087
3 , 17 s
4,984
373,134
448,253
9,428,337
40,773
22,176
1 , 136 , §10
327.607
357,559
86,617
8 ,3 " r : oA.
Dallas.
Member banks,
jreporting banks
36
Securities owned. 55 , 25s
9“+
1,179.396
L°BoJdsea S 3c'tfsU’ S ’ 41,753
230 , 02s
A1inviJtLits?S ^nd
654,724
4,168,407
^3
73
108
28
46 861142,224 39,561 29,774
22,936
17,743
9,280
79
2,072
^
07,6
3^
UojftS
..2? .946.
.9 .1-22
1,005
176,431
2L6,SS9 328,064
540,629 795,861 325,21318^979 1 , 22S>727 35^,960
17.969
S K S r -
2$
Net decsand depos
its on which reserve
ftg m
107,195
4 9 9 ,0 9 6
598,570
........................................................................................................................................................................................................................ *
*
*
•
i n
1J0,284
913,088
264,915
* .« »
* .* »
^ 350
* .« >
a
l l
other
B
*
»
r
«
s*
1 6 3 , 0 1 6166,373
32lfC60
j T .m
19,300
- i.is r
cities
and other reporting banks.
Total Central
St. Louis
Reserve cities
Tctdl
462,833
Country
Banks
180
97,528
653
1 , 760,736
228,544
115,604
28,936
373,134
252,325
4,815,883
3 ,820,699
791.555
9,428,137
94,110
39,433
2 8 , 117
6,815
712,752
162,263
372,791
186,644
51,267
33,700
1,136,810
337.607
661,905
129,535
187,593
76,593
4,580,474
493,927
3,204,077
593 , 07c
169,223
g ,3 7 7 , 621
1 ,259,372
New York
Chicago
(
5^
1,120,417
36
53,124
15
26,834
1 ,200,375
201,829
18,881
7.334
3 >750 ,170
813,333
590 ,525
116,015
.3 730,971
287,854
10,501
»
2 6 3 ,6 9 6
tLV Sosus
Number of . . . . . . reporting banks
U.S,Securities owned
Loans secured by U.S,
Bonds and C ’ t f s
All other loans and
investments
Reserve with Federal
fieserve Bank
Cash in vault
Net demands on which re
serve is computed
Time deposits
m
JkH &§§ * k «
i
105
Other Re
serve cities
368
595,562
@FedFRASER