The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
-j_ - | , : i - <- \ Released f o r p u b l i c a t i o n Sunday morning Feb- 23 , 1$1$; n o t e a r l i e r .STATEMENT FOR TEE PRESS. i 9 St February 21, 1919+ S a t u r d a y F e b r u a r y 22 b e i n g a l e g a l h o l i d a y , t h e F e d e r a l Reserve B o a r d ' s weekly bank s t a t e m e n t was i s s a e d - t h e .day b e f o r e a s a t c l o s e of b u s i n e s s on Thursday, F e b r u a r y 20, 1919* The s t a t e m e n t i n d i c a t e s moderate n e t l i q u i d a t i o n of a l l c l a s s e s of b i l l s , & s u b s t a n t i a l r e d u c t i o n i n r e s e r v e d e p o s i t s , and a s l i g h t d e c l i n e in Federal Reserve n o t e c i r c u l a t i o n . Gold r e s e r v e s i n c r e a s e d 5*7 m i l l i o n s and t o t a l cash r e s e r v e s - 6 . 2 m i l l i o n s . Holdings of, war p a p e r , i . e . , b i l l s secured by U* S *.war o b l i g a t i o n s , snow a d e c l i n e of 6*6 m i l l i o n s , o t h e r d i s c o u n t s a d e c r e a s e of 11*9 m i l l i o n s , and a c c e p t a n c e s a d e c r e a s e of 5*^ m i l l i o n s . On t h e o t h e r hand U n i t e d S t a t e s s h o r t - term o b l i g a t i o n s on hand i n c r e a s e d during t h e week by $ #9 m i l l i o n s , l a r g e l y due to p u r c h a s e s of 2^, T r e a s u r y c e r t i f i c a t e s by the Boston and New.York b a n k s . Government d e p o s i t s show an i n c r e a s e f o r t h e week of 12*? m i l l i o n s , v&uJ.e reserve deposits f e l l off 5 9 ^ millions * Net d e p o s i t s * because of trie r e - duced " f l o a t " show a s m a l l e r decrease of 13*9 m i l l i o n s * A r e d u c t i o n of 2_1 m i l l i o n s i s shown in t h e volume-of F e d e r a l Reserve n o t e s i n c i r c u l a t i o n . The t a n k s ' r e s e r v e p e r c e n t a g e , because of t h e d e c r e a s e i n n o t e and d e p o s i t l i a b i l i t i e s and t h e s i m u l t a n e o u s I n c r e a s e i n r e s e r v e s , shows a r i s e f r o m 51*9 to cg.2 p e r c a n t . Released, f o r p u b l i c a t i o n Sunday morning February 23, l g i $ ; n o t e a r l i e r . . St.224a STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS FEBRUARY 20, 1919. % RESOURCES February 20, I919 February l4, I9I9 February 21, 19 if" Gold coin and c e r t i f i c a t e s $350,417,000 $34?,764,000 $44?,50S, uuC Gold Settlement Fund - F.R.Board 457,889,000 437,278,000 375,273,000 Gold w i t h f o r e i g n a g e n c i e s 5.829.000 5.829.000 52.500.000 T o tal gold h e l d by banks 814,135,000 790,871,000 875,281,000 Gold w i t h F e d e r a l Reserve Agents 1,197,923,000 1,217,3^3,000 877,023,000 Gold Redemption Fund 112.923.000 111.113.000 „ 20.091.000 T o t a l gold r e s e r v e s 2,125,04l,000 2,119,3^7,000 1,772,395,^00 Legal tender n o t e s , s i l v e r , e t c . 66,491.000 65.971.000 60,129,000 T o tal r e s e r v e s 2,191,532,000 2,185,318,000 1,832,524,000 B i l l s d i s c o u n t e d : Secured by Gov't- war o b l i g a t i o n s 1,596,458,000 1,603,052,000 263,905,000 A l l other 221,996,000 233,849,000 • 245,629,000 B i l l s bought i n open market 269.920.000 275.0&8.000 296,170,000 T o t a l b i l l s on hand 2,088,37^,000 2,111,969,000 805,704,000 TJ-. S. Government long-term s e c u r i t i e s 28,095,000 28,101,000 52,950,000 U. S; Government s h o r t - t e r m s e c u r i t i e s 147,123,000 l4l,204,000 169,707,000 A l l other e a r n i n g a s s e t s 4.000 4,000 3.436,000 T o tal e a r n i n g a s s e t s 2,263,596,000 2,281,278,000 1,031,797,000 Bank promises 8,969,000 8,967,000 U n c o l l e c t e d items and other deductions from g r o s s d e p o s i t s 633,806,000 701,465,000 310,565,000 5$ Redemption Fund a g a i n s t F . R. bank n o t e s 6,809,000 6,842,000 537,000 All other resources 8.420,000 10.658.000 731,000 TOTAL RESOURCES 5,113,192,000 5,194,528,000 3,176,454,000 L I A B I L I T I E S Capital paid-in 81,4o6,000 81,211,000 73,305,000 Surplus 22,738,000 22,738,000 1,134,000 Government d e p o s i t s 205,675,000 192,970,000 56,165,000 Due to members — Reserve account 1, 563,912,000 1, 623,158,000 1,459,720,000 D e f e r r e d a v a i l a b i l i t y items 480,257,000 517,726, 000 199> 278,000 Other d e p o s i t s i n c l u d i n g f o r e i g n government c r e d i t s 114.758.000 112,273,000 58.329,000 Total gross deposits 2,364,602,000 2,446,127,000 1,773,492,000 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 2,466,248,000 2,468,388,000 1,314,581,000 F. R. bank n o t e s i n c i r c u l a t i o n 4 n e t l i a b i l i t y 133,465,000 132,291,000 7,999,000 All other l i a b i l i t i e s TOTAL LIABILITIES Ratio of t o t a l r e s e r v e s to 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 gold r e s e r v e s to F . R . n o t e s i n 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 n e t d e p o s i t l i a b i l i t i e s 44,733.000 5,113,192,000 43.773.000 5,194,528,000 52-2$ 51*9$ 64.3$ 63-8$ . 5.943.000 3,176,454,000 66.0$ R e l e a s e d f o r p u b l i c a t i o n Sunday morning February 23, 1919; n o t e a r l i e r . WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE FEDERAL RESERXE BANKS AT CLOSEOF BUSINESS FEBRUARY 20, 1919' RESOURCES Gold coin and. c e r t i f i c a t e s Gold. Settlement Fund. - F.R, Beard. Gold, w i t h f o r e i g n a g e n c i e s T o t a l gold h e l d by Tanks Gold, w i t h F e d e r a l Reserve Agents Gold Redemption Fund. T o t a l gold r e s e r v e s Legal tender n o t e s , s i l v e r , e t c . Total reserves B i l l s )Sec.by GoYt.war o b l i g a t i o n s DisctdJAll other B i l l s bought i n open market T o t a l b i l l s on hand IL S,Cbv% t* long-term s e c u r i t i e s U.SfGcv't,short-term securities A l l other e a r n i n g a s s e t s T o t a l earning a s s e t s Bank premises U n c o l l e c t e d items and other ded u c t i o n s from g r o s s d e p o s i t s Rede o p t i o n Fond a g a i n s t F.R. bank r o t e s A l l other r e s o u r c e s TOTAL RESOURCES L I A B I L I T I E S Capital paid-in Surp In 5 Government d e p o s i t s Due to members - Reserve account D e f e r r e d a v a i l a b i l i t y items All other deposits, including f o r e i g n government c r e d i t s T o t a l gross d e p o s i t s F.R. notes in 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 . net l i a b i l i t y A l l otlier l i a b i l i t i e s TOTAL LIABILITIES Boston ,3,604 4i,w3 _._J+Q8 45,687 New York (In thousands of d o l l a r s . ) phi l a . C l e v e l . Richrn. A t l a n t a Chicago S t . L o u i s 260, SOS 123 42,5117 41,193 2,011 4og 3Oh,363 41,724 51,156 257 , 793 71,497 13,495 _25,000__ 13.372 110,338 385,156 128,593 1,6.50.. 3_2,_107_ 186 115.98S 640/463 128,979 133,158 707,364 17/,360 7,831 46,917 12,168 41*128 2,1.16 153,022 795,680 191,644 538 1,3 92 1,3 85 11,416 52,727 11,280 169,976 800 53,617 510 21,616 55,923 525 2,319 19,758 204 78,064 22,281 130,4 82 49,165 1.769 4.6q4 210,315 76,l4o 1,008 2_64_ 211,323 76,4o4 55,522 84,477 7,316 11,480 61.359 7.085 164,197 103,042 1,084 1,234 11,340 5,375 8,303 22,456 4,206 19,331 103,589 26,654 17 s) 27,809 41,398 4.803 74,010 -857 74,867 60,197 15,008 7,980 83,185 816 211 541 2)6 575 _I3R 20,925 7,566 To t a l 350,417 457,889 -5^822 5,95b 3.2,614 11,120 36,065 204 321 17,280 49,600 20,021 107,111 4,124 1.722 39,029 160,835 186 1.887 4o,9l6 161,021 17,653 65,865 33,265 21,722 1.800 42.440 52,718 130,027 3,967 3,46S 3,900 5,326 814,135 1, 197,983 112.923 2, 125,041 66.4qi 2, 191,532 1, 596,45s 221,996 11,125 52,801 18,185 28,371 633,806 213 80,315 60,333 158,844 70,851 52,342 47,922 30,956 66,962 41,830 1,851 Minn. Kans.Cy. D a l l a s San Fran. IS, 305 -.112 22,4ss 36,946 126,861 31,093 31,024 296,815 69,442 55,318 26,l4o 4,147 4,6iq 450,016 104", 882 90,961 1,-215 2_2I2_ in. 451,291 107,114 91,134 154,870 45,248 17,420 17,952 8,355 1,992 ll.,?4q 17,991 11.6c4 206,071 71,5 o u 51,016 lis 4,510 1,153 16,612 7,56s 9,159 3(8 6,964 4 843,799 204,309 176,621.109,"651 90 , 531 £7,193 2,05s 500 296 217 2,936 St.224b 291 37,349 47,785 6,612 91,766 266 92,032 32,324 37,990 10.864 81,17s s,s6s 5,416 269^20 2, 088,374 28,035 147,123 4 138,821 2, ; 3 , * 2 60,585 263,596 4oo 400 221 8,969 2.28 232 264 6s6 525 872 310 6,809 350 355 1^026 8.480 -.436 ,6ai 3"' J.0 43S_ ill. JJL J2i±9_ ;>4i(2^4 1,655,851 405,949 44I,5O4 234,889 197,357"750,280 230,521 162,946 241,79s 120,934 329,909 5,113^192 6,773 1,535 24,150 96,564 40,4)2 130 161,076 158,190 4,084 3,196 11,300 3,820 Sl,4o6 2,94s 3,712 3,194 4,679 1,156 775 3,316 801 1,211 592 1,224 726 22,738 44,352 15,323 15,689 6,439 5,005 29,607 11,610 9,669 i 4 , 4 n 4,284 25,136 205,675 635,846 93,287 123,372 53,517 42,859 220,035 61,46l 46,723 70,598 37,501 77,349 1,563,912 119,811 61,019 43,801 31,916 24,095 52,774 35,251 7,792 34,033 15,431 13,902 480,257 8,322 1.304 9,209 1,776 4i4 45 1T 110 _6l63_ 98 1U8 6.R51• 114.758 J25125_ -239. 904,479 170,292 188,587 92, i l l 72,004 303,546 108,756 64,30= 119, l4o 57,36' 122,938 2,364,602 666,8)8 213,257 228,815 130,661 113,003 410,057 105,979 88,812 102,908 52,309 192,333 2,4b6,24s -104,470 36,305 10,919 10,i44 9,989 5,055 6,979 17,432 6,720 4,935 12,585 6,051 6,301 133,465 .13,96? .-6.1.1 1...S?? .3.. 53.1 2.97) 1,394 4,629 4^ 1.44-5 1.166. ?.242 1-424 2-174 341,254 1,6)5,851 405,949 44i,504 234,889 197,357 750,280 230,521 162]946 241}798 120^934 325,909 5,113^192 St.224c Released f o r p u b l i c a t i o n Sunday m o r n i n g F e b r u a r y 2.3, 1919; n o t e a r l i e r . STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS ( I n t h o u s a n d s of d o l l a r s . ) Boston New York p h i l a . C l e v e l - Riclm, A t l a n t a FEDERAL EE SERVE NOTES: ^56,360 1J26,6S0 330,420 327, SHo 204, 820 204,560 R e c e i v e d I'rcm C o m p t r o l l e r 71,257 407,656 86,496 50,595 4b,601 32,656 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 e a b l e . t o F-R^Agent 125,303 919,024 243,924 277,245 158,219 171,874 In hands of FVR*Agcnt 23,800 152,000 is,900 30,215 22,405 55,285 I s s u e d bo F.R* bank l e s s amount r e t u r n e d t o F,R- Agent f o r r e demption 161,423 767,024 225,424 2'n\030 135,214 116,589 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold c o i n and c e r t i f i c a t e s on hand Gold Redemption Fund Gold S e t t l e m e n t Fund - F-R^Board E l i g i b l e p a p e r , minimum r e q u i r e d Total 11, 156 4u,vuU 3I,),2b7 161, 423 AMOUNT OF ELIGIBLE PAPER LEIIVEREL TO f , R. AGENT 152,022 173,74c 14,053 14,60s 70,000 56,889 FEBRUARY 20, 191$. Chicago S t . L o u i s Minn. Kans »Cy D a l l a s 86,649 Total 559,440 166,700 124,480 158.700 101,960 251,520 4,013,680 74,210 37,564 23,056 34,629 24,740 26,685 916,175 485 , 230 129,136 101,424 124,07 1 77,220 224,835 3,097,505 48,280 8/015 li,4oo l4,520 24,170 11,000 419,670 436,950 121,021 90,024 109,551 53,050 213,535 2,677,235 23,270 2, y-4 13,0:2 12,212 1,165 2,624 5,871 3,011 3,26b 3,425 95,000 48,000 36,270 290,944 66,431 39,000 44,360 - 2 i a ^ 2 1 1 _ m _ 9 2 1 116,542 San F r a n 7 5 . 1 9 1 l4o, 135 12,521 2,756 9,232 4,684 97,879 225,147 23,379 457 229,457 51,679 34,706 61,766 3 3 , 0 2 9 106,724 1 , 4 7 9 , 2 5 2 795,680 157,072 163,409 100,892 78,049 206,071 66,467 49,824 81,178 52,718 112,624 2,022,006 7of,024 225,424 247,030 135,214 116,589 436,950 121,121 90,024 109,551 53,050 213,235 2,677,235 M E M 0 R A IT D A IEDERAL RESERVE NOTES OUTSTANMG- AMD IN ACTUAL CIRCULATION F . R« n o t e s o u t s t a n d i n g F- R- n o t e s h e l d by bank F.R. notes in a c t u a l c i r c u l a t i o n 161, 423 3, 233 158.190 16/,V24 225,424 247,030 1 ) 9 , 8 1 4 116,529 436,950 121,121 5.153 3. 520 26,893 12,142 100,166 12,167 18,215 90,u24 105,551 5 3 , 0 5 0 213,835 2 , 6 7 7 , 2 3 5 l,212 6,643 666,858 213,257 228,215 130,661 113,009 410,057 108,979 83", 812 102,908 7 4 1 21,442 211,587 66,248 5 2 , 3 0 9 192,393 2 , 4rrrr— DISTRIBUTION OF BILLS, U* S, G0WRI3.4ENT SHORT-TERM SECURITIES AND WARRANTS BY MATURITIES. W i t h i n 15 days B i l l s discounted B i l l s bought i n open m a r k e t U.S,Goveryjmenu s h o r t - t e r m s e c u r i t i e s !/runicipal w a r r a n t s 1,451,139 21,525 12,563 16 to 30 days 56,220 66,051 130 3 1 to 60 days 95, §61 92,250 - 6 l to 90 days 191,532 23,034 350 Over 90 d a y s 22,996 134,080 Total 1,318,454 269,920 147,123
@FedFRASER