Full text of H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks : December 8, 1918

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Released, f o r p u b l i c a t i o n Sunday morning Dec * 2 , 1913; n o t e a r l i e r ,

St.99

STATEMENT FOR THE PRESS.
December 7 > 1912*
F u r t h e r i n c r e a s e s i n t h e h o l d i n g s of war p a p e r and o n e - y e a r T r e a s u r y c e r t i f i c a t e s and s u b s t a n t i a l g a i n s i n members 1 r e s e r v e d e p o s i t s a r e i n d i c a t e d i n t n e Fede r a l R e s e r v e B o a r d ' s w e e k l y b a n k s t a t e m e n t i s s u e d a s a t c l o s e of b u s i n e s s on December 6 , 1912.
INVESTMENTS: The week saw a f u r t h e r i n c r e a s e of
m i l l i o n s i n t h e Reserve
banks 1 h o l d i n g s of war p a p e r , t h e t o t a l , 1 , 4 6 / .3 m l l i o n s . c o n s t i t u t i n g about 62 p e /
c e n t of t h e b a n k s 1 a g g r e g a t e e a r n i n g a s s e t s . Other d i s c o u n t s en. hand d e c l i n e d b,3
m i l l i o n s , B i l l s bought i n open market show a r e d u c t i o n of 3
m i l l i o n s » The d i s t r i b u t i o n of t h i s p a p e r among t h e s e v e r a l b a n k s skovvo c o n s i d e r a b l e c h a n g e , t h e Maw
York Bank r e p o r t i n g n e t l i q u i d a t i o n of 33 .3 m i l l i o n s , w h i l e Chicago shows an i n c r e a s e of 60*3 m i l l i o n s under t h i s head* An i n c r e a s e of 1 2 , 9 m i l l i o n s i n t h e v o l ume of Government s h o r t - t e r m s e c u r i t i e s i s due l a r g e l y t o t h e p u r c h a s e by t h e banks
of 1 - y e a r T r e a s u r y c e r t i f i c a t e s t o s e c u r e F e d e r a l R e s e r v e b a n k n o t e s , T o t a l e a r n i n g a s s e t s show an i n c r e a s e f o r t h e week of 57<7 m i l l i o n s .
DEPOSITS: Government d e p o s i t s d e c l i n e d 2 1 , 2 m i l l i o n s , w h i l e members' r e s e r v e
d e p o s i t s show an i n c r e a s e of 5^-*9 m i l l i o n s , or s l i g h c l y i n e x c e s s of t h e i n c r e a s e
i n t o t a l i n v e s t m e n t s . Net d e p o s i t s show a g a i n f u r the week of j b * l m i l l i o n s »
RESERVES: A f u r t h e r g a i n of 2 , 2 m i l l i o n s i n g e l d r e s e r v e s i s shown, w h i l e
t o t a l c a s h r e s e r v e s show an i n c r e a s e of a b o u t 1 m i l l i o n • The b a n k s * r e s e r v e p e r c e n t a g e b e c a u s e of t h e s u b s t a n t i a l i n c r e a s e s i n b o t h d e p o s i t and n o t e l i a b i l i t i e s
shews a d e c l i n e f r o m ^0 t o 4 g .3 p e r c e n t .
NOTE CIRCULATION: Owing to t h e l a r g e volume of n o t e r e d e m p t i o n s t h e Agents
a r e a b l e t o show a d e c r e a s e of 31 -2 m i l l i o n s i n t h e t o t a l amount of F . R, n o t e s
o u t s t a n d i n g • The b a n k s r e p o r t a t o t ^ l of 2,5S4'»5 m i l l i o n s of F , R. n o t e s i n a c t u a l
c i r c u l a t i o n , an i n c r e a s e of 15 <8 m i l l i o n s f o r t h e week* T h e i r a g g r e g a t e l i a b i l i t y
on F . R, b a n k n o t e s i n c i r c u l a t i o n i s 92 »S m i l l i o n s , which i s an i n c r e a s e of 6 .3
m i l l i o n s o v e r t h e p r e v i o u s week® s t o t a l .
CAPITAL: During t h e week t h e banks 1 p a i d - i n c a p i t a l i n c r e a s e d $ 2 3 2 , 0 0 0 ,
l a r g e l y a s t h e r e s u l t of payment f o r F e d e r a l R e s e r v e bank s t o c k by newly a d m i t t e d
members i n t h e P h i l a d e l p h i a , C l e v e l a n d and San F r a n c i s c o d i s t r i c t s .
CONDITION OF MEMBER BANKS NOVEMBER 2 9 , I 9 I 8 ,
S u b s t a n t i a l r e d u c t i o n i n t h e t o t a l of U. S. bonds a s a g a i n s t a f u r t h e r i n c r e a s e i n t h e amounts of T r e a s u r y c e r t i f i c a t e s h e l d , a l s o l i q u i d a t i o n of l o a n s and
a c o r r e s p o n d i n g d e c l i n e i n d e p o s i t s , a r e i n d i c a t e d by t h e F e d e r a l R e s e r v e Board 1 s
weekly s t a t e m e n t of c o n d i t i o n on November 29 of 753 member b a n k s i n l e a d i n g c i t i e s *
H o l d i n g s of T r e a s u r y c e r t i f i c a t e s show an i n c r e a s e f o r t h e week of 32*7 m i l l i o n s , l a r g e l y a t t h e b a n k s o u t s i d e t h e t h r e e c e n t r a l r e s e r v e c i t i e s . - U• S. b o n d s ,
o t h e r than c i r c u l a t i o n b o n d s , on hand f e l l o f f a b o u t 40*3 m i l l i o n s , t h e b a n k s an
t h e c e n t r a l r e s e r v e c i t i e s r e p o r t i n g a d e c r e a s e under t h i s h e a d of l 6 » j m i l l i o n s *
Loans s e c u r e d by U . S . war o b l i g a t i o n s (war p a p e r ) show a d e c l i n e of 2 2 , 5 m i l l i o n s ,
mainly a t t h e c e n t r a l r e s e r v e c i t y b a n k s » A l l o t h e r l o a n s and i n v e s t m e n t s f e l l o f f
49*5 m i l l i o n s , t h e c e n t r a l r e s e r v e c i t y b a n k s r e p o r t i n g a d e c l i n e of 37*5 m i l l i o n s .
The r a t i o of U.S# war s e c u r i t i e s and war p a p e r combined to t o t a l l o a n s a n d i n v e s t ments d e c l i n e d f r o m 2 1 . 2 to 2 1 . 1 p e r c e n t f o r a l l r e p o r t i n g b a n k s , and f r o m 22*9
to 22.6 p e r cent f o r t h e banks i n the c e n t r a l r e s e r v e c i t i e s *
Net w i t h d r a w a l s of Government d e p o s i t s f o r t h e week t o t a l e d 13 *1 m i l l i o n s • For
t h e G r e a t e r New York member b a n k s a d e c r e a s e u n d e r t h i s h e a d of 21 m i l l i o n s i s
shown. A g g r e g a t e n e t demand d e p o s i t s d e c r e a s e d 91 *5 m i l l i o n s a t a l l r e p o r t i n g
banks and J8,6 m i l l i o n s a t t h e c e n t r a l r e s e r v e c i t y b a n k s • Time d e p o s i t s i n c r e a s e d
6 . 3 m i l l i o n s / R e s e r v e b a l a n c e s w i t h t h e F e d e r a l R e s e r v e b a n k s show a d e c l i n e of
9S .3 m i l l i o n s , o r o n l y s l i g h t l y l e s s t h a n t h e l o s s i n t o t a l n e t , i n c l u d i n g
Government, d e p o s i t s v Cash i n v a u l t f e l l o f f 3 . 8 m i l l i o n s *
For a l l r e p o r t i n g b a n k s t h e r a t i o of d e p o s i t s t o i n v e s t m e n t s shows a d e c l i n e
f o r t h e week f r o m JS *2 t o J7 *8 p e r c e n t , For t h e New York b a n k s a d e c l i n e of t h i s
r a t i o f r o m 83 t o SJ .2 p e r c e n t i s n o t e d . The r a t i o of combined r e s e r v e and c a s h to
d e p o s i t s , b e c a u s e of t h e r e l a t i v e l y l a r g e r d e c r e a s e i n r e s e r v e b a l a n c e s , d e c l i n e d
f r o m 15*3 to 15 p e r c e n t f o r a l l r e p o r t i n g banks a n d f r o m 17 • ! to l b . 3 p e r c e n t
f o r the banks i n t h e c e n t r a l r e s e r v e c i t i e s .
"Excess r e s e r v e s " of a l l r e p o r t i n g
b a n k s show a d e c l i n e f r o m I5O.7 to 63 -9 m i l l i o n s * For t h e b a n k s i n t h e c e n t r a l
r e s e r v e c i t i e s a d e c r e a s e i n t h i s i t e m f r o m 104«9 t o 62 m i l l i o n s i s n o t e d .




Released, f o r p u b l i c a t i o n Sunday morning Dec . 3 , 1912;:- n o t e a r l i e r .
St-53a
STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS DECEMBER 6, 1918.
R E S O U R C E S
December $, 191S
November 2$, 1918
December 7 , 1 9 1 7
Gold i n v a u l t and i n t r a n s i t
$353,205,000
$370,932,000
^00-656,000
Gold S e t t l e m e n t Fund, F . R. Board
422,4^1,000
395,292,000
j76,775,000
Gold w i t h f o r e i g n ' a g e n c i e s
5.821,000
5^29^00
5 ' ^vk' nnn
T o t a l g o l d h e l d by b a n k s
751,525,000
772,059,000
IS'cx-'nnn
Gold w i t h F e d e r a l Reserve Agents
1,207,377,000
1,216,541^,000
nVc'nnn
7 S , U , 6 , 0

iotaie?eser"eseS'
B i l l s d i s c o u n t e d : Secured by Govt .war o b l i g a t i o n s
All other

°°

2,967,UOI,OOO

le

B 1

i i ^ ° 5 S . « e £ S T ™
U.S.Government l o n g - t e r m s e c u r i t i e s
U.S.Government s h o r t - t e r m s e c u r i t i e s
All other earning a s s e t s
Total earning a s s e t s
U n c o l l e c t e d i t e m s (deduct f r o m g r o s s d e p o s i t s )
5$ r^der^ption Fund a g a i n s t F-R* b a n k n o t e s
All other resources
TCT1L RESOURCES
L I A B I L I T I E S
Capital paid in
Surrl,s
Gov3.cn/ncnt d e p o s i t s
Due to rr.eribers, r e s e r v e a c c o u n t
C o l l e c t i o n items
O t h e r d e p o s i t s , i n c l u d i n g f o r e i g n govt • c r e d i t s
Total gross derosits
F . R*. n o t e s i n a c t u a l c i r c u l a t i o n
F- R, "bank n o t e s i n c i r c u l a t i o n - n e t l i a b i l i t y
All other l i a b i l i t i e s
TOTAL LIABILITIES
R a t i o of t o t a l r e s e r v e s t o n e t d e p o s i t and F-R.
n o t e l i a b i l i t i e s combined
R a t i o of g o l d r e s e r v e s t o F - R. n o t e s i n a c t u a l
c i r c u l a t i o n a f t e r s e t t i n g a s i d e 35$ a g a i n s t
net deposit l i a b i l i t i e s
V V

\

UL v

V

V

4» v wAii W




7

'

2,065,213,000

2.121J6A0W
1,467,322,000
396,Zfb2,000
?7°;jo6.o°o

2,120J71,'oOO
1,412,511,000
402,654,000

w

2,235,130,000
23,1^6,000
105,606,000
27^.000
2,370,0^500
650,03^,000
4,844,000
22.44Q.000
5,165,70$,000

2,190,536.000
^9 ,132,000
92,664,000
2L222
2,312,359,000
73^,328,000
4,621,000
^ i 3 0 9 >000
5,194,988,000
^
50,072,000
1,134,000

50,304,000
1,134,000
125,355,000
1 547 S3o, 000

1,4So ,893 >000

5i4[5i2!ooo
V/ Vr w

602,667,000

106,685,000

—105,894,000

*

I ^

C—• |

#

5 % m
4^ 195,000
,$0,424,000
, 5^,000
375,120,000
336,^04,000
537*000
—2,y6&,000
3,001,5^6,000
.
.
69,048,000
-^
1,^37,17^,000

15,506,00c

i

2,354,330,000
2,584,523,000
32,755*000
55.559.000
5,168,709,000

pSJof^GO
( 6s6,i02,000
(

^

2 ,U0U,611,000
> 5^8,676,000
8 6 , 0 0 3 >000
5^±5^00
5,194,988,000

4^ • 5^

50-0/j

55*0$

59

>•

—12;,ool,000
1,Cll,169,000
1, 110,53 f > uO©
8,000,000
3.062,000
3,001,836,000
65»1y°

' • Release.: I'cr pcb-ii c a t i o n Su>-dy;- monring Dec - 3 , i g i g ; n o t e a r l i e r .
St-QQb
WEEiOj/ STiiTB/iEJT OF EEEOUtcUES AND LIABILITIES OF EACH OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS DECEMBER 6, l g i g .
( I n t h o u s a n d s of d o l l a r s )
. R E S °,U EJC E S
Boston New York
P h i l a . C l e v e l . Richm. A t l a n t a Chicago S t - L o u i s Minn. K a n s . C y . D a l l a s San F r a n . T o t a l

ics~ jgaaiiiiii:

i s E F -

SiS *IS

=

S 1 3 I S 11 % : | * S 1 S i

Total e ^ i n g assets
u n c o l l e c t e d i t e m s (deduct f r o n
J * ™ posits)
5/b Redemption Fund a g a i n s t F . R .
banknotes
All other resources
•
TOTAL RESOURCES
L I A B I L I T I E S
Sm^iSs

F a i d

159,385
53,767

901,15s l g g j a o 195,500

96,991 100,383 2 9 3 , 8 0 5

90,1+99

4g,oji

92,538

60,358 i 3 3 , o i i 2 , 3 7 0 , 0 1 9J

128,653

k6,3l+6

59,318

17,228

53,105

20,21+1

36,064

3,149

4,6i4

73,928

56,61+7

2J+5
l.lUl
325
373
251
_L°9J
_J^193___3^6g0
8 2 0 _ 1^528
3 3 1 , 3 8 8 1,688,800 4 l 0 , 4 4 0 4 4 6 , 8 8 ? 2
*
0

i n

6

'598

20,727

7,546

8,942

4,050

33,673
261
796
J
Z
3,187

70,5^

725
24 3
188
566
1,865
622
226
l.l6l
Z
W 7 F T W & * 2 3 6
11,116

3,788

2,929

3,65s

650,039
^
268
258
4,844
l.OqO
17^6
22 440
[ 0 1 9 J 1O 9
'
80,304

1

lillc™
® SS IS I I iil l i IS iS ill iil iil lilhiiil
« 2 s s s $ aamssmesss.«iggrssiMEB
f o r e i g n government c r e d i t s

F.R-bank n o t e s in c i r c u l a t i o n , n e t

X




^

100*642.

--

55

—

18

2.418

,

269

25

2

1 216

106 6**

'v

'

Released for publication

Sunday m o r n i n g Dec • 2 ,

191S; n o t

s t .95c

earlier.

SSIA'EIMSITT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS DECEMBER 6 , 1 9 1 8 .
(In thousands of d o l l a r s )
Boston
New York P h i l a . C l e v e l . R i c h m - A t l a n t a C h i c a g o S t - L o u i s M i n n . K a n s . C y .
FEDERAL BE5FBHI
'
E o c e i v t i d iror,. C o . * t o i l e r
€32.5^0
1 , 2 1 5 , 6 2 0 3 1 8 , 4 2 0 3 1 2 , 3 6 - 0 1 5 8 , 2 5 0 1 5 2 , 0 2 0 517, o 4 o
152,44o l l 4 , 4 o l 152,700
Returnsd to C o n t r o l l e r
50,717
5.3 J ^ l
53,171 31,526 34.755
2 6 , 0 0 ] 4s,_221
2^,450
15,250
25 , 2 6 2
C a r a c o l e 'uo"f.,R. Agent
151,523
'551,335 259,2U5 281,37% 153,^55 1 6 6 , 0 7 5 4 7 4 , 8 1 3
125,390
56,231 1 2 O T S
In h a r : c _ f F . R. Agent
19,520
1 1 2 , C'CO 2 7 . l 6 0
15, 5 5 0
/ . 220 4 5 , j 4 5
42,5o0
5 , CO]
4,5^0
2,420
I s s u e d t o F . B . "ber.k l e s s amount
r v t u i n ; i to F . B. Agent f o r
113,i%5 3 1 , 2 8 1 1 1 2 , 0 1 5
162,303
778,533 232,023 262,454 146,275 120,730 432,253
redec'i'-v-ioii

D a l l a s San F r a n . *

Total
r

5 5 , 5 2 0 '235,320
3,731,861
20^35__ _l6^03_
677,22?
75,232
21o,pf7
3,0)9-%^
15,120
%%
3 1 2 , 1^0

60,162

215,517

2,741,552

'AT,
L- iiv J iNvl'ibo:
Go-: I c c , a

a n d c e r t i f i c a t e s on hand
P*ad

0Q0

^

5/535

Jo Lai
AMOI^T OF ELIGIBLE PAPER
DELIVERED To F . R . AGENT

l g 5

j4o

12,513

—

12,750

12,208

13/222

11^)55 j 23 2, uo^y 3d 2 ?

152,566

~

2,504

~

2,305

2,827

2,552

146,275 120, / j v 4^2, 2 ^ j

U v , lb^

1,6)5

861,427 156,153 180,364

51,025

83,435 276,683

2,000 13,052
2,u73

—

—

231,627

3,235

10,43 2

1 x 0 , 0 1 ^ oO, l o 2

^lb 7 9I7

50,26s 53,448

105,550

2,161,155

q66

118,018 6 0 , 1 6 2
6.481
576

218,517
12.446

2,741,852
157,323

112,342 30,315

H I , 1)37 5 5 , ^ 6

206,071 . 2,554,523

76,266 42,518

2,935

12,551

7 5,675

f 4 l ? q5<^

m e m o r a n d a
FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION
F.
F.

R. n o t e s o u t s t a n d i n g
162,303
R. n o t e s h e l d by bank
10.160
F . R. n o t e s i n a c t u a l c i r c u l a t i o n 1 5 1 , S 4 3

773,533 232,055 262,434 146,275 120,73 0 432,253
56,^5
8,105
1 6 . 4 5 0 ...10.,.553
^ 2 3 5 _ _ 2 3 _ , 617
721, §44 2 2 3 , 5 5 1 2 4 6 , 0 4 4 1 3 5 , 3 5 6 117,43 2 4 0 8 , 6 4 2

1 1 3 , 1 8 5 51, 251

6.84^

DISTRIBUTION 01 BILLS , U .
Within 15 days
B i l l s d i s c o u n t e d and bought
U«S - G o v e r n m e n t s h o r t - t e r m s e c u r i t i e s
|/honicipal warrants



. '• 1 , 4 3 2 , 5 6 5
11,473
5

l6

S . GOVERNMENT SHORT-TEKW SECURITIES, AND WARRANTS
BY MATURITIES
6 l t o 90 d a y s
Over 50 d a y s
31 to 60 days
to 30 days
22, 545
1
6
4
,
3
3
4
4
4
4
,
7
1
5
170,313
12,554
7
0,323
5
5
1
10, 275
K-;
3
•Subject to c o r r e c t i o n .
. ^

Total
2,235,150

105,6U6
27

R e l e a s e d f o r p u b l i c a t i o n Sunday rooming Dec. 3 , 1918; n o t e a r l i e r .
St.$$d
STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS LOCATED IN CENTRAL RESERVE, RESERVE AND OTHER SELECTED
CITIES AS AT CLOSE OF BUSINESS NOVEMBER 2 g , 1 9 1 s .
(In t h o u s a n d s of d o l l a r s )
1 . Data f o r a l l r e p o r t i n g ; "banks i n e a c h d i s t r i c t .
Boston New York P h i l a *
Clevel •
Richm. A t l a n t a Chicago S t . L o u i s Minn • Kans.Cy- D a l l a s San F r a n .
Total
53
753
No • r e p o r t i n g "banks
44
lOb
53
85
81
4$
101
32
35
73
^5
U. S . "bonds t o s e c u r e
circulation
l4,352
50,136 l i > 9 2 4 2 , ^ 3 3 2 4 , 3 1 4 1 5 , 4 6 5
i s , 9 5 1 17,655
6 , 4 1 9 13,710 1 7 , 9 2 9 3 4 , 5 0 5
267,761
Other U-S. "bonds, i n c l u d i n g
.
,
r
L i b e r t y bonds
21,g2i
335,991 74,099 9 6 , 4 2 6 5 4 , 3 1 1 4 2 , 0 3 9
126,247 4 3 , 9 3 5 12,227 26,913 2 4 , 2 0 0 3 4 , 8 7 6
896,535
U• S. c e r t i f i c a t e s of i n ,
,
(
debtedaess
53,266
353,359 28,757 70,657 2 2 , 4 9 0 31,358
72,296 12,302
8,435 17,923
7,996 43,025
721,914
T o t a l U. S . s e c u r i t i e s
89,439
742 , 4 s 6 ' l l 4 , 3 4 s 2 0 9 , 9 1 6 1 0 1 . 6 1 5 3 8 , 8 6 2
217,494 73,892 2 7 , 1 3 1 58,546 50,125 1 1 2 , 4 0 6 1 , 8 8 6 , 2 6 0
Loans s e c u r e d by U . S . b o n d s , e t c . 110,319
661,424 170,170 9 5 , 7 ^ 7 3 9 , 2 0 9 20,60S
81,859 2 4 , 3 / 3
8,722
9,7^8
7 , 4 8 3 18,1-02 1 , 2 4 8 , o 0 4
A l l o t h e r l o a n s a n d i n v e s t m e n t s y s 6 , s ? 2 4 5 UlU, 23 5 619..916 9 60,210 3 8 8 , 6 5 9 319./OU 1 , 4 1 2 , 6 9 8 365,573 256,978 4 5 6 , 6 2 8 1 8 5 , 3 8 5 555> 2 9 0 1 0 , 4 5 2 , 0 9 6
Reserve w i t h F . R» "bank
59,1^0
623,4^4 66,327
3 3 ^ 0 1 27,159
l 4 s , 1 2 7 3^>931 22,270 3 ^ , 5 3 5 1 5 ^ 3 7 47,067 1 , 1 9 2 , 1 ( 9
Cash i n v a u l t
25,4s2
131,369 21,020 3 5 . 3 3 3 1 9 , 9 7 8 1 7 , 3 6 6
62,966 13,724
9,34s 16,935 12,951 25,092
392,064
Net demand d e p o s i t s
689,172 4 , 4 ^ 3 , 1 0 4 6l4 ,922 748,697 3 2 3 , - 2 4 221,833 1,100 ,891 2 52,310 215,404 3 63 _>05o 1 4 3 , 5 9 1 '•26,270 9,552,&&
Time d e p o s i t s
98,563
261,462 1 5 , 3 0 1 225,357 5 7 , 6 9 5 91,734
380,777 74,263 47,104 58,600 25,32b 124,4i0 1,451,098
Government d e p o s i t s
63,455
266,342 27,910 5O,04l 1 8 , 1 0 3 l 6 , 9 4 1
77,104 18,578
4,224 12,153
7,970 22,998
5°5,5^9
2 . D a t a f o r b a n k s i n each c e n t r a l r e s e r v e c i t y , banks i n a l l o t h e r r e s e r v e c i t i e s , and o t h e r r e p o r t i n g b a n k s .
New York
Chicago S t . L o u i s T o t a l C e n . R e s - C i t i e s
Reserve C i t i e s
Country b a n k s
Nov .29
Nov .22
Nov. 29 Nov.29
Nov . 2 9 — N o v .22
Nov .29
Nov .22
Nov .29—Nov .22
No. r e p o r t i n g b a n k s
64
64
44
l4
122
122
460
460
171
170
U- S. bonds t o s e c u r e
circulation
36,334
36,334
1,119 10,555
4s,oos
4g,oog
171,383
171,389 4 8 , 3 7 0 4 7 , 7 2 0
Other U . S . b o n d s , i n c l u d i n g
Liberty bonds
283,664
295,150 67,694 3 2 , 8 8 3
384,24i
400,535
423,504
446,4s4 88,s4o 90,104
U- 5 . c e r t i f i c a t e s of i n debtedness
339,234
3 3 6,550 2 9 , 7 4 0
9,452
378,476
370,843
300,076
267,21b 4 2 , 7 o 2 4 5 , 1 ) 7
T o t a l U. S. s e c u r i t i e s
659,282
668,134 98,553 52,890
810,725
819,386
895,563
885,089 179,972 182,961
Loans s e c u r e d by U .S -bonds , e t c - 607,103
623 ,53 6 59,030 1 9 , 2 5 7
635,j) 90
706,26™
485,328
4 8 6 , 4 4 3 7 7 , 8 8 6 ,'6,73 2
A l l o t h e r l o a n s & i n v e s t m e n t s 3 , 7 4 6 , 5 5 0 3 , 7 8 0 , 667 872,087 264,84 3 4 , 8 8 3 , 4 8 0 4 , 9 2 1 , 0 3 7 4 , 6 0 6 , 2 3 1 4 , 6 9 6 , 1 2 2 882,387 3 8 4 , 5 1 3
R e s e r v e w i t h F . R. b a n k
595,270
644,522 1 0 4 , i 4 2 2 7 , 3 4 9
726,761
779,863
404,767
4 5 1 , 2 1 3 6 0 , 6 5 1 59,39 6
Cash i n v a u l t
114,485
H 5 , 5 i O 37,059
7,339
153,833
153,864
191,697
192,943 4 i , 4 s 4 4 5 , 8 8 0
Net demand d e p o s i t s
4 , 0 8 3 , 3 1 7 4 , i 5 2 , 2 0 6 758,721 1 7 8 , 6 0 6 5 , 0 2 0 , 6 4 4 5 , 0 9 9 , 2 2 7 3 , 8 1 7 , 9 9 2 3 , 8 3 4 , 1 3 7 71-4,246 7 1 1 , 0 3 2
Time d e p o s i t s "
206,551
2 0 7 , 8 4 8 14-3J12 53,923
403,786
403,799
356,975
8 5 3 , 3 7 7 200,337 1 9 7 , 6 1 1
Government d e p o s i t s
242,123
263,062 4 7 , 1 9 0 l 4 , 4 l 2
303,730
300,521
250,502
2 6 3 > 9 5 31,597 34,903
R a t i o of war -paper t o t o t a l l o a n s
l ^ a n d investments, per cent
24.5
24.7
15*2
IS .3
22-6
22.9
19*9
19 *0
13.4
la.5



Total
Nov . 2 9 — N o v .22
753
752
207,761

267,117

396,535
937,123
.
.
72l,9l4
633,190
1,885,260 1 , 8 3 7 > 3 6
1,2+6,o04 1,2(1,443
10,452,093 10,501,6/7
1,192,179 l,290,472
392,064
397,687
9,552,852 9 , ^ 4 , 4 4 b
lfif01,098 1,454,737
585,829
598,924
21.1

21.2