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C O N F I D E N T I A L Not for p ublicatio n. ’ . RATIO OF ''FLOAT1' OF EACH FEDERAL RESERVE BANK TO IIMEDIATELY AVAILABLE DEPOSITS. • yocLoral Rosorvo Bank (in thousands cf d o lla r s .) ' St. 473 July 3, 1 1 1919* 1 "FLOAT" ’ t’Float,T aft^r adding not dobit* ^ l o a t " aft-er deducting National and F* R» 1 t Ratio to * or deducting not crodit in l Bank not os, also net investment in Ip fjrrjd Saturday* s so ttlomont* 1 transf.ers frcsa second calculation. tUncolloctod tavailability J jvmount. ^liiiuiodiatsj ly ^ i Ratio to immediately * Ratio to iiniuediatoly' 1 1 tavai lablo 1 f itoms 1 itoms available deposits T • Amount 1 t Ideposits 1 ^xiOUllt » available deposits 1 1 1 per cent. t !pjr Cuiit. * 1 1 per cent \ 12.0 56,630 6.9 50,553 . 6.2 3.6 6,242 5.7 6,242 5*7 12 ,139 3*6 7,144 5*o 6,716 4-7 47,326 12,073 20.5 15,021 25.5 14,374 25.3 25,327 7,649 14.5 10,59S 20.0 10,341 19^.6 61,663 21 , 023 7*3 16,530 5.3 16,363 5*7 19,546 189, u s l4l, 409. 47,709 phi lado lphia 63,536 65,5^7 3,9S9 Clovo land 61,736 49,597 Ri chmond 59 f s99 Atlanta 32,976 How York Chicago 69,891 ; S2 , 6 S 6 11.8 13,305 50,345 Boston 17.6 5.3 . . 13,122 St# Louis 5^,239 37,639 16,550 24.1 7,793 11.3 6,795 9-9 Minneapolis 11,644 9,763 2,031 3 .5 2,339 4.3 2,641 4.4 Kansas City. 5d ,S94 36,946 19,943 22.5 24, 166 27 *3 19,789 22.3 , Balias 23,095 16,164 6,931 1 5 .1 6,263 13 *6 3,454 7*5 San Francisco 23,114 19,620 3,494 7.3 11,546 10*6 3.629 3.0 74o ,02S 561 , S96 173,132 ■9*1 173,132 9 .1 159,524 3.2 Total DIVISION OF BEPORTS AND STATISTICS FEDERAL RESERVE BOARD July 10, 1919. C 0 K PI D E N T I A L Not for publication. COMPOSITION OF UNCOLLECTED ITEMS M D DEFERRED AVAILABILITY' ITEMS St. 473a (in thousands of dollars.) UNCOLLECTED ITEMS T r * Checks •National Bank* 1 * ' and * notes and * ! ’ Clearing* other *bank notos o f ‘ Transfers 1 All other » * house ' cash * other * bought luncollecte d* *Exchangos* itoms * E • R* Banks ® 1 * items I ? * Bank Bo ston Now York * i4 30,179 5,657 phi lade lphia 7 , l 4s 2,791 Cleveland 4,889 Richmond 2,845 183 - 6,0 7 2 - 64,012 11 t DEFERRED AVAILABILITY ITEMS • 1 1 1 » * * Gold 1 Transfers • Goverianent* Other 1 1 So tt lemon1 11 sold * transit * transit f r1 Suspense* * items * items 1 f 15,455 f 1 34,890 II Total 6 3 #g91 147,210 189,118 - - 59,597 69,536 9 32 s 100 56,410 61,736 138 i47 - 56,769 59,899 Total 50,345 y • » ' f t 62,473 - - 78,936 l4i, 409 . * 9 • f 27,029 - 2,391- 36,127 65,5^7 12,441 - 1,249 35,907 19,143 - 1,674 27,009 47,82b 7,349 - 2,129 15,849 25,327 2,378 39,828 61,663 » ! » | f f » 1 f | ’ 49,597 Atlanta 2, 59s 297 257 - 29,824 32,9fk Chicago 9,724 - 287 280 71,795 82,686 * J t I f1 18,457 1,000 St . Loui s 2,254 4g 473 530 50,934 54,239 * * | f 17,095 - 719 19,875 37,689 Minneapoli s 1,588 1 22 226 10,007 1 1 , S44 2,887 • 690 6,186 9,763 Kansas City 1,230 584 146 4,231 50,703 56,894 * * 1 1 * j | | 11,704 - - 25,242 36,946 Dallas 1,090 926 245 2,584 18,250 23,095 ■» y f 3,930 20 1,924 10,290 16,164 San Francisco 2,144 30 222 2,696 23,022 28,114 1 1 9*094 1 133 10,392 19,620 71,371 10,495 8,382 11,247 638,533 7 ^0 ,0 2 8 207,057 1 , 021 13,287 340,531 561,896 TOTAL .. 5,682 July 3 , 1919 , JBDERAL RESERVE BOARD DIVISION OF REPORTS M D STATISTICS JULY 10, 1913. S i * * i FEDERAL RESERVE BOARD X-l6l5 G O L D S E T T L E M E N T F U N D of t r a n s a c t i o n s for week ending Ju ly f i n thousands d ollars)________________________ CONFIDENTIAL______________ UUQ of 1*4. UU 1 ,JLciJL£5/ I—1 0 . 1 91 9. , L.U IU! 1iHMNXIAJj Federal Reserve Bank of Boston New York Philadelphia Cleveland Richmond Atlanta •Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total Balance last statement July 3, Gold with drawals 28,326 it 153,304 >+5,772 48,459 200 66 258 70 7 493 10,306 1,600 Federal Reserve Agent at Boston New York Philadelphia Cleveland Richmond Atlanta Chicago : St. Louis Minneapolis Kansas City Dallas San Francisco Total 90 ,.000 60,889 95.000 41,500 41,000 255,504 Debit 21 21 176 12,139 26,447 R E S E R V E Withdrawals Gold Gold for trans with deposits fers to drawals Bank ___ 4o, 000 20,000 20,000 91,279 55,000 48,531 110,848 75,269 5,000 5 .000 A G E N T S Deposits through transfers from Bank 2,000 10,000 12,320 3r000 56,431 500 15,500 10,000 2,000 5.000 119,493 ^119,493 * 12,000 1 1,7 5 5 5.000 23,320 4,429 18,766 3,918 48,192 21,099 47,159 12,684 “ 68,898 1 , 025,728 Total : Net Credits : Credits 100,824 : 19,025 282,656 : 103,781 : 90,087 : 21,173 94,236 : 2,957 31,496 : 3,397 123,059 : 12,210 78,859 : 3,590 14,336 : 44,274 : 27 , 6 4 5 .. 6,546 34,475 ; 1 , 025,728 : 68,898 Balance in fund at CJLOSo OI business July 10.1919 v-- * .. ...— 47,313 118 ,19 4 44,280 61,736 23,890 18,936 108,759 26,564 29,659 36,176 9,599 36,894 562,000 FUND Total with drawals Total deposits Balance at close of business .Till tr in TQIO Summary of changes in ownership of gold by banks through trans fers and settlements Decrease 1 . 000 5,000 12,000 1,000 7,000 500 - .1,155. — .. 28,099 6,996 20,800 1,684 103,294 832,462 68,914 1,755 23,594 5,000 21,360 35,110 12,757 Total Debits 81,799 317,766 116,538 26,535 5,962 1,000 2,000 1,000 7,000 Net Debits 7 3,493 5,000 Credit Settlements from July 5 to • July 10, 1919 , both inclusive 962 66 10,070 258 12,320 F E D E RAL Balance last statement July 3, ._.19.19 45.000 TRAN!S F E R S "• 69 176 3,127 2, Quo 10,306 1,600 69 52,823 564,553 Aggregate Aggregate withdrawals deposits & : transfers transfers:; to Agentf a from Fund Agent’ s Fund 1 , 0U) 2,200 2, OUu 10,863 15,790 105,031 24, 867 34,020 to, 073 5.225 Gold de posits 1,755 27,255 46.000 90.000 2.000 35,110 57,889 708 15 ,2 11 95.000 29,500 12,320 3.000 10,000 2.000 _5,ooo 35,320 2,957 40.000 260,824 59,431 20,800 4,429 31,360 3,918 3 ,1 84 106,539 840,527 Increase 19,987 3,397 12.684 56,141 5,741 3,590 4,550 56,141 s t Us3 STATTIENT TOE THE PRESS. Released, for publication Sunday morning, Ju ly 13, Federal Reserve Board 1315 ; not e a r lie r . Ju ly 12, 1313 . CONDITION OF IKDFR.1L RESERVE B/ffiCS Further increases in the holdings of war paper and acceptances and cor responding increases in not deposits are in d icated in the Federal Reserve Board*s weekly bank statement issued as at close of business on Ju ly 11, ISIS* Wet gold withdrawals during the week aggregated 1 7 -1 m illio n s, while gold withdrawals since June 6 , the Friday preceding the removal of the gold embargo, totaled about 30 m illio n s . The Federal Reserve note c irc u la tio n shows a decline for tne we^k of 14*2 m illio n s as against an increase of 52-3 m illio n s in war paper road of 23*4 m illio n s in acceptances. The banks show a, decline of about 11 m illio n s i n other discounts on hand, while Treasury c e rtific a te holdings show a further addition of 6 m il l io n s . Total earning assets went up for the f i r s t time are i n excess of 2-g M l l i o n s . m illio n s and The amount of war paper hold under redisco\mt for other Federal Reserve b;.nks shows a slight decline to oG.j m illio ns, while the holdings of acceptances purchased from other Federal Reserve b rules declined by 5.7 m illions.. Government deposits are shown lU»3 m illio n s and members 1 reserve, deposits — 3 S .7 m illio n s larger than the week before, while the "f l o a t " carricd T7j the re serve banks i s 3 0 * 3 m illio n s lass* credits, Other deposits, including foreign go Vermont declined about l4 m illio n s , w ith the r e su lt that net deposits work out 7 0 *4 m illio n s in excess of the previous w e e k's to tal. Total cash reserves show a decline for the week of 15-1 m illio n s . reserve r a t io , largely because of the considerable increase i n deposit l ia b ilit ie s , shows a decline from 50 *S to The banks* -8 per cent* 19 19; not ^ar li v-r , if^1H STATEVIENT OF COMBIIGD RESOURCES JSPFD LIABILITIES OF THE TEELV feberal fee::rve b a n k s /, T CLOSE OF BUSI, ISS JULY "1, L-jij St ,433a R E S O U R C E s J u l y 1 1 , lylQ July 12 1913■ July 3, lojc Gold coin ana certificates 2 7 9 ,^ 5 ,0 0 0 "422 73 0 ,000 $232 , 943,000 Gold S- tt 1 m:nt Fund-F«R*Board 554,^12,000 564.290.000 524 225 ,000 Gold with foreign agencios 15 ^2 0 ,000 Total gold hold by banks -3^,357,000 ^477233 ,000 962 492 ,000 Gold with E-d-ral R>s';rv, Ag-nts 1 , 163, 063,000 1 ,1 5 5 »27 o ,.000 90 5 147 ,000 Gold Redemption Fund n 4 .3 Q q .0 Q w 34 413 ,000 1 2 6 .4 3 5 .0 0 0 To tal gc-Id r . so rv : s *2 ,111,324,000 C2,128 ,9,46 ,000 1:>960 0 k2 ,000 L^gal t ,nd r not^s, silv-r, etc* , 7/0 , 000 A 3 .,337,000 ... 6b ,4c7 , ooo Total r.s.rvos ,130 ,211 ,000 2 ,015 934 , 000 2,135,333 ,ooc ^ . t! ,* , n( Socur :• d b y Gov11 *war ob 11 gati on s 1 , 634,546 ',000 1 , 632 , 630,000 B ills discounted; -- .n 60 b kGG V7,000 0eJ (A ll othor 251, 367,000 2 6 2 ,3^5 >ooo 553 c—c ) ,000 B ills bought in opon.marbt & ,035,000 330, 679,000 213 464 ,000 Tot:al bills on hand 2 ,2 9 6 ,3 4 3 ,0 0 0 ■2,225,707,000 1 ,3 7 0 j4 b U* S* G-ov-rnncnt bonds 27, 131,000 27,1 30 ,0 0 0 4o 273 U* S* Victory u o t.s 374,000 377,000 U* S* C-rtificateS of indebtedness 206,054,000 200 ^ 60,000 , "31 c2 7 ,000 111 othor earning assets __ [ cL ,020 Total earning assets 2,453 ,252 , GOO ol4 ,coo - 3 jS u ( 1 Bank promises 1 1 . 699.000 1 1 ,o84 ,000. Uncollcct :-d i t -ms and othor deductions from gross deposits 740 ,994 ,030 : 7 4 2 ,527,000 • o40 4 10 ,000 5fo Redemption fund against F*R* bank notes 1 0 .052.000 3 , 95b ,000 735 ,000 A ll other r-sources ^ 10 ,334 .000 G 979 ,000 10 ,306,000 TOTIJL RESOURCES 5,433,197,000 5 ,423 ,163 ,000 4 >11? 722 ,000 L I A B I L I T I E S Capital paid-in 32 ,351 ,00 0 02 ,011,000 76 324 ,000 Surplus s i ,037,000 31 ,037,000 i 134 ,000 Goveram en t d posi ts 151. 190.000 1 3 6 . 323.000 1 09 393 ,000 Du.o to members - R js ^ n a account 1 , 726, 323,000 1 , 6 3 7 , 603,000 1 ,4-39 346 ,000 Bef :rr od availability items 591.230.000 5 6 1 . 396.000 477 5^0 ,000 Oth_r deposits, including foreign'government credits 114 .673 ,000 1 23 .693.000 1,07 >sGo ,000 Total gross deposits 2.514.530.000 2.533 ,427 ,000 2 ,194 074 ,000 F - Rr notes in actual circulation 2.552.343.000 r71_j7 2.533 ,127,000 1 ,0 J 425 , 000 131 ,570,000 F* B* bank notes in circulation - net liability 134 ,806,000 1C 300 ,000 .. 10.762 000 All other lia b ilitie s 12 , 890,000 21 M;)R ,000 5,423 ,103,000 TOTAL LIABILITIES 57+33,197,000 4 ,117 722 ,000 Ratio of total reserves to net doposit and F* R« note 50.3 fo 49 Z ‘k> . KC J J .9. /U lia b ilitie s combined 60 .^ Ratio of gold reserves to y. R# notes in circulation •6l .7 31 .2 1, j after setting asido 3 5 fo against net deposit liabilities In: i.uae: on. 0 0 0 0 0 0! R e le a s e d fo r p u b l ic a t i o n Sunday m orning J u ly 13, R e lo a s id for publication Sunday morning J u ly 13, 1919; not oarlier. lOEKLY STATE!,'IENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE B /M S AT CLOSE OF BUSINESS JULY 1 1 , R E S O U R C E S (in 3qs G o l d c o i n and c e r t i f i c a t e s ---G o l d s e t t le m e n t F"und ~ F>R - Board Total g o l d h e l d "by b a n k s ---- G o l d w i t h F e d e r a l R e s e r v e Ag- nts G o ld R edem p tion F u n d --------T o t a l g o l d r j s e r v e s -------- Legal tender notes, silver, utc. 4 ,0 0 1 52.093 55.094 55 , 16 s is , 552 130,114 6 , 282 Tot. 1 r e s e r v e s ----------136,396 B ills discounted* 130,677 Secured by Government wax obligations ( a ) --------A l l o t h e r --------- -----7 ,5 4 5 22.720 B ills bought in open market (b) .168,942 Total bills on h a n d ------54o U* S» Government b o n d s ------28 U> S- Victory n o t - s -- --- -— 16,916 U-S.c-rtificates of indebtedness I f b , 426 Total earning a s s e t s -----800 Bank pr-raises------------Uncoll-ct.d it-ms and oth_r de 6 7 ,7 6 9 ductions f romv~gr,o ss deposits 5'p Redemption fund against 845 2 • R* bank n o t e s --------379 A ll other r-sources --------- IJw-w y o r k th o u s a n d s o f phi la- C le v e l. 176,285 472 24,455 12.4,343 44,318 61,491 300, 6 3 1 44 ,7 90 85794 b 209, 80 370 , 72 5 12 9 ,12 6 2.4,829 11,933 1,233 6 1 5 ,^ 9 127,448 21 b, 305 51,873 365 874 667,228 127,813 217,179 d o l l a r s ,) Ricim. A tlanta Chicago,. St-Louis 2,052 26,433 26,485 31,472 5.635 657532 495 66,087 .5 ,4 7 8 26,935 3 ,3 6 3 7 9 , 1 P9- 422 ~7 So 9 5 , 877" 1,533 764 3 , 5 6 1 8 0 ,7 12 42 3,5 52 99,438 I,linn. Kans- Cy 3 ,3 9 5 99 D allas 5^5 279,545 3 0 ,2 2 5 3 8 , b 20 3 6 ,7 7 5 5 b ,874 1 0 ,3 S 5 1 8 ,2 3 4 18,067 5 5 4 ,8 1 2 3S,9t>5 3 5 ?3 5 i 3 2 ,3 17 1 7 ,2 7 1 12 4 ,8 8 9 334,357 1 , 163,06 c 4 , 9___________________ 17 8 ,3 6 3 1 ,__________ 946 ____ 9 15 76, ObG JC5, 0 5 4 3 7 , 5 1 1 1 6 4 ,7 6 9 77 296 1,900 3 05 7 8 ,9 6 5 7 3 ,3 50 3 9 ,4 1 7 165,07 4 2 ,1 8 0 ,2 1 1 3 S , 6o4 3 4 ,7 7 4 1 , 684,946 3 4 ,0 12 3,-443 14, 347 6 2 ,3 4 2 1 5 ,6 7 9 119,363 631 I p ( Q ' . j T j 6, QS7 9 2 4 ,6 0 6 140,007 1 3 0 ,3 4 1 34, 355 1 ,3 0 1 1>3S5 1,083 1 , 234 1 50 59,020 2 3 ,3 4 5 19,313 6~S60 984,977 215,238 177,337 ICj,,049 500 4 16 3 ,9 3 9 375 13, 547 J . 726 4,225 4 6 ,9 9 4 22-432 2 7 01 22,473 b 0 ; 70 S * 8 5 ,^ 0 0 57,957 7 1 ,7 7 9 1,900 2 » f 65 1,175 732 5 5 ,3 4 6 j 50.887 S., 973 "2 7 ^ 5 -o 7 ,1 7 4 376 4 ,4 7 7 l, 153 . 7 ,1 ° . 575 2 5 ,6 12 17,068 99, ,221 3 0 1,5 0 4 3 5 ,3 9 5 458 6 JLt642 3 1 , ,420 856 448 959 * 866 508 625 2,936 692 9 1 , 7 3 1 50,004 1,6 2 2 1 ,3 8 4 812 469 Tot. . 20,898 67, 9 9 0 1 8 8 , 2 0 5 4 7 ,7 1 1 32:323 10 , 49 c sen "'r .11. 7 ,9 0 9 742 , 9 0 1 1 7 3 , 6 9 7 1 0 4 , 4 7 3 7 3 , 1 2 1 II E LI O R A (b ) 8,035 23, 4o6 3,535 19 , S23 104,139 26,720 27,858 127,545 30,255 45,793 268 , 30 s 62,259 '1 1 6 8,067 3 ,96 6 2 60 5 ,9 0 0 7 ,3 9 6 6 ,9 19 6 0 ,0 3 1 101,863 6 7 ,8 2 3 401 222 — 15,333 31-4 loO 5 5 ,7 4 6 1 7 ,8 4 2 ' 4 0 ,7 8 1 1 1 4 ,3 9 3 2 ,1 1 1 ,8 2 4 68,387 1 2 ,4 5 2 2 5 1 ,3 6 7 7 6 ,5 4 7 3 6 0 ,0 3 5 1237730 2 , 236; 348 2 7 ,1 3 1 2 ,6 3 3 374 6,630 2 C6 , 054 139,043 2 , 529,907 4oo 1 1 ,6 9 5 3 3 ,5 5 2 7 4 0 ,9 9 4 728 436 408 10 ,052 4co 630 357 l®»334 39 2,615 1 , 843,697 417,237 45 2,5 5 2 232,508 2 12,944 822,729 236,810 162 , 823: 237 , 5 7 3 526,370 345 ,33 4 5 ,4 8 3 ,1 9 7 TOTAL RESOURCES (a ) S t . 433 b 1919- in c lu d e s b i l l s d isc o u n ted f o r o th e r F-R- b a n k s , v i z ; — 37 D A 61,875 25,000 ;6 ,8 7 5 includes bankers’ acceptances b o u g h t from o t h e r F.R.BanksVfith t h e i r W it h o u t e n d o r s e m e n t --- th e ir 5,062 endors- m ent— Includes Government overdraft of fl6 0 ,000 . 5 ,0 6 2 18 ,6 5 5 18 ,6 5 5 Released fc r p u b l i c a t i o n Sunday morning J u ly 13, WEEKLY STATEMENT OF RESOURCES I D St* U£3 c 1919 i not ^ a r l i w r » LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JULY 11, I919, (in thousands of dollars*) L I A B I L I T I E Boston N~w York 2 1 ,^ 7 1 6,577 5,206 17,063 Capital p aid - in -- --------S u r p lu s -------- ------- --Government d e p o s its ------Due to members - Reserve account Deferred availability it e m s -A ll other deposits — ------ — Tot^l gross deposits ----- 7,654 5 .3 1 1 10,073 32,922 3 9,35 7 707,647 QO. ]l|.Q 53,232 144,133 6b . 512 1.312 232. 105 ,. 64? 1;.. 1,044 99b, wGO .17-7,039 1 04,451 751,780 2 0 4 , o46 181,787 F*R*b.nk not^s in circulation net liability ----------All other lia bilities ------TOTAL LIA BILITIE phi a * 16,688 . 1,013 3 6 ,3 3 4 4 ,3 1 0 2 2 ,3 7 9 eeo f e .615 1 , 243,637 417,237 , n , 3,500 U« S* c e r tific a te s of indebtedness 9 ,7 1 0 2 C, 113 2,5^9 8,474 54,535 54,953 ;6 ,4 i 4 34 G l .i 'r 4 ,2 2 2 0 ,1 4 2 107,695 1 0 7,6 95 1 1 5 ,1 1 9 4 2 7 ,2 1 1 103 , 283 220,14-2 6,502 537 lb .626 *s 4 i 3,7 9 4 44-3 26,062 1,3 6 5 1 5 ,6 5 1 500 2,'320 3 ,16 0 52,923 1 2 , ^Up IP. 12,542 Mi?2 2,551 3 ,. 9-5 2,0291 4 ). 57 _ 7 ^____ . , .' 1 , 0C7 -7 6,166 7705,0 6 ,1 7 6 151, 10 5 ' 7 o,bbU UU, 032y 94,353 1 , 72 6,3 29 SQ.P^R IX 2 2 ,0 2 1 5 9 1 .2 ^ 0 39,265 13 , ^ 712 o4 3 .3 U 4 i l k ,$7 - 81,63 4 §3 ,0 8 1 4 7 ,6 8 3 6,330 413 12 ,365 1,000 7,9 53 676 452,552 232, 50s 212,344 822,729 236,810 162,823 237, 57 s 126,370 ix 0 201,062 2 , 538,12 7 7 ,4 2 2 184,806 OCX 12,835 J JJ 345,334 5 , 483,137 R A N D A 4 5 ,0 0 0 12^357 /5-lJ-O 2u+.04o 2j)0#o54 lj.lr,o 9 u > ;6,S75 2,000 V/i thin 15 days 1 , 665 , 55 s l o >°25 ^ D . I N ACTUAL CIRCJLATI0N 1^3 r 529 ^-oO. 002 H 7 . 72 U o3»797 99 ____sUU U9 , , 9 3 5 2 2 6 , 6 1 2 2 , 76 0 , 2 uu 11G;. .U 3 4 2 ? ,2 1 1 103, G G 3 ~ G 1 ,'634 4 7 ,6 8 3 10,732 3 a999 5«4io ,------ _______ 32*791 32I ’,3791 a 4 i 13.g4i 2,163 2 2 0 ,1 4 2 1 0 7 , ^ 9 DISTRIBUTION OF BILLS AD U. B ills discounted ----------B ills bought in open market --- 2 C05 6,787 5 ,062 ___2£>. !45 F .R .n o t o s xn actual circulation 1-1,7-7 23 ' V 247 229 199 , G3 1 105,747 3 9 ,5 7 5 "SO °pr p i f , ^ 50,^25 216*433 153 9.252 5 , g6o lo ,699 13 ? ■130 Lj.'/ " 7 r.-r n 1 >tjj I.r E Contingent liability as endorser onpiscoimted paper rediscounted with other F> R* b a n k s -Bankers: acc ep tan ce s so Id to oth^r F«R* banks — ----5,062 F . R . not-s o u t s t a n d in g -----p . 3 . not-s haId by bank -- Picha* ClvJVwl* lb to 3 0 days 47,463 . 53,234 1 ,0 1 0 31 . S, 2.163 ’ 'S\463 6!46^ 2 ; 252 225,550 9 3 .0 G 1 222,161 201^062 2, 531','127' CERTIFICATES OF INDEBTEDNESS BY MATURITIES. to b0 days 136,503 146,607 1 2 , 4 c6 6 l to 90 days 60 ,365 64,073 28,322 Ovor 90 days 2 6 ,4 15 1 4 5 ,0 1 1 Tot.-l 1 , 936,313 360,035 206,054 Ro lcp.su cl for p u b l ic a t i o n Sunday m orning July 13, 1919; not ja r liu r . STATEMENT OP FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSIl^SS JULY 1.1, (in iJ~v/ fork FEDERAL RESERVE NOTES} p h il^, t h o u s a n d s of Cl-Vwl. c- i- rg.noi, in hands of p. to I.'.ii. r, - 2 1 0 ,6 3 5 A g e n t ----- 20,700 6 7 1 ,0 5 5 117,1100 COLLATERAL SI1CUR ITY FOR OUTSTANDING- NOTES; Gold coin ana certificate on h a n d -----------G old redemption f u n d -------n i5s Gold Settlement Fund - p .R ^ o a r d 44*000 E l i g i b l e paper, minimum required 13U, 7 67 29,050 Richa,. A tlanta Chicago S t ,L o u is Minn. K_.ns.Cy* es|ss6 ’f S i s o 'l o ? i r e ,’ 715 1+72*763 5 9 ,u * 1^,760 \ “S / S ? \ H r '~ ? 96,'557 112,' 19H 104,760 300,720 4 , 756,900 .>4,550. , 60,908 1,62 6 ,12 4 70,17 0 231,812 3 ,13 0 ,77 6 50,2=5 216,1,33 2/0,051, 111,690 123,529 1*60,003 U 7 , 72l* S3 , 797 99,51,1* 1*9,335 226,612 2,760,259 924,606 145,535 21,125 3,001 1,972 2 ,500 3,293 17,070 To t_~l 20,235 550,225 216,433 2o,320' 27 , 12s % S--n rr.Ji, 12,650 — i d j ™ R .l l ^ s 11,,760 153,740 16, 1U9 13,299 90,000 57,426560,336 145, 70s 159,935 AMOUNT OE ELIGIBLE PAPER EELIVT,'RED TO F, R, A G E N T ---l6o, 9^2 IO ^ O s 9 6 T ,t * > 3 * 5 ,5 1 3 2 5 9 ,1 7 ^ I s sue a to j , r , bank less amount returned to F-Ro.g-nt for r e d'^ip ti o n ------------- 189, 93 5 To tal 1 6 3 ,2 6 7 St * 4c>3 d do llars*) Received frcxn c o m p t r o l l e r ----- 3 3 0 )350 1 .6 3 8 .6 3 0 M-08 780 36"*) 480 ppr Aon ox<~ t=rv^ c-i - -2r r-, B o t u r n o d to C o m p t r o l l e r ------- U 0 , S * 5 I9 I9 , 5,200 370 , 1,07 2 829 59,430 55,465 13 ,052 1,499 20,500 45,446 1,457 31,360 66,727 11,5 5 1 231,995 2,506 13,920 88,576 3 , is4 110,969 S4s, 494 32 ,664 101,723 1 , 597, 22.1 460,003 117,724 53,797 99,544 49,935 226,612 2 , 760,259 271,359 55,221 55,600 57,957 io 4 ,S 57 2 , 210 , 07s 7,483 260, 825 191,695 63,425 S l i E J I T FOR T IE PHSSS E c l e a s e d fo r p u b l i c a t i o n M onday m o r n in g , July lU, F e d e r a l R e s e r v e B o ard IJlyj not earlier. July 12, ljl>» CONDITION 0? IVE/IESR BANKS Tho F e d e r a l R e se rv e B o a r d * s w e a k ly b e r brziks i n lo a d in g c i t i e s fo r t io n on s e l e c t e d d a t e s b a c k to fig u r e s fo r e a r l ie r p o rtin g b an k s i n shown the b a n k s are o th e r o f the p r e s e n t y e a r . for th an i t the r e a s o n is t h e ir that the num ber o f r e at present. the C ^ P ^ r i s o n with, In a d d it io n am ounts o f c o l l a t e r a l n o t e s t h e i r F e d e r a l R e se rv e possible to m e a s u r e lo a n b u r d e n from to the r e l a t i v e t h e i r 01m sh o ulders b an ks by e x t e n t to to those banks. w e e k , mom bo r S- b o n d s , shows c o m p a ra t iv e f i g u r e s o f c o n d i- ‘ r e d isc o u n te d w it h thus becomes sh iftin g the F e d e r a l R e se rv e o f U« in It le ss the c o n d i t i o n on J u l y 3 o f mem state m e nt g i v e s a l s o custom ers1 paper the r e p o r t i n g b a n k s . For the time the b e g i n n i n g 1 3 1 2 w as m a t e r i a l l y d isc o u n ted and o f of firs t dates i s not p r a c t ic a b le the ite m s p r e v i o u s l y w h ic h th e se the sta te m e n t o f ban ks re p o rt an in c r e a s e than c ir c u la t io n bonds, the h o l d i n g s o f V i c t o r y no tv , s. It is o f 7<3 m i l l i o n s as a g a i n s t lik e ly th a t in a decrease the in c r e a s e t h e i r h o l d in g s o f 2 6 .3 m illio n s i n U« S* bon ds re- .v” rr. ■ - p r a s o n t s y c p c n rnaikot p u r c h a s e s o f F o u r t h L i b e r t y Loan b o n d s f o r m o n th to c u sto m e rs u p o n p a jm e n t of o n hand, f o l l o w i n g the i s s u e o f S U ,6 m i l l i o n s , offset in part o f war p a p e r a la rg e r in d ic a te net p a p e r i n c r e a s e d frcm 3 , 3 2 6 . 5 23 *2 per cent of tha at total the b an k s i n of U0 . 5 m i l l i o n s , Aggregate h o l d i n g s o f tj* to 3 . 3 5 1 * 7 m i l l i o n s /, these W h il e S* w ar c i t i e s b e in g c ities. o th e r and secu ritie s co n stitu tin g * in th is ra t io from 25*7 to 26,6 H o ld in g s l o a n s jm d i n v e s t w ar a s the w e e k b e f o r e , locals a n d in v e s t m e n t s o f a l l r e p o r t i n g b a n k s , N ew y o r k C it y b a n k s a n i n c r e a s e per For the c e n t m ay be noted. N e t w i t h d r a w a l s o f G overn m ent d e p o s i t s , i n hand w i t h a n i n c r e a s e R e se rv e banks, w h ile 1'35*1 m i l l i o n s . m illio n s, head, of other Reserve 1 3 5 ^ m illio n s dem and deposits b alan ce s w ith ag g re g a tin g in cash i n v a u lt the F e d e r a l R e s e r v e shows a d e c l i n e for go h a n d show a c o r r e s p o n d i n g g a i n of the N ew y o r k C i t y b a n k s r e p o r t i n g a n e v e n w h ile 177 * 1 m i l l i o n s , total b o r r o w in g s f r a n t h e F e d e r a l (n o t) banks d e c l in e d 5 7 *6 l a r g e r do'crcase u n d e r the w e e k o f the show a t o t a l in c r e a s e the F e d e r a l R e s e r v e o u t s id e d u r in g Treasury c e r t i f i c a t e s t a * c e rtific a te s, shown f o r member b ^ n k s liq u id a tio n m e n ts w ent up S 3 . 3 m i l l i o n s . f in a l in s t a llm e n t . of a d d i t i o n a l in c r e a s e by re d u c tio n s th e ir d e liv e ry m illio n s. t h is Released for publication Mondr.y nK rni„g, July jl*, lg ig. not a.i r l l a r , Si ♦U<E>4a STATEMENT SHOWING PRIFClPAL RF^OTIPrP k l --Consaratjjrg^ t a m K^ 0UKCE for all reporting banks. Ai\m r r ^ r r r r n v Ym ~ LIABILITY ITfl'S CF MEMBER 'BANKS IN LEADING CITIES. (in thousand: July 3. l.Qlo June 2 7 , ISIS A p ril 4 , 1919 January i\umber Gf reporting b a n k s ----------- 771 U. S. bonds to secure circulation __________ Other lj, s, bonds, including Liberty bonds U« S= Victory notes ---------------U. c e 3: t ificauoa of indebtedne Tot-1 U • S. securities----- Loons secured by U* S. bonds, etc. Reserve balance "i-h Federal Reserve b a n k ------- Gash in v a u l t ----------------------Net demand deposits------------------- _ _ _ Tinie deposits--- ——-___________________ Gov ernzrent d epo si t s _____•-___________ __________ Bills payable v/ith Federal Reserve _ b ank______________ Bills rediscounted with Federal Reserve bank_________ Ratio of U., S . war securities and war paper to total loans and investments i per c e n t _______________________ 772 77 3 2 6 9 ,3 1 4 2 b9 , 2o 4 263,323 636,259 623,427 646 ,365 763 2 6 5 ,7 7 4 2 2 7 ,5 6 9 347..917 374.322 ljOOl ,282 ^16 .739 1 , s'l 1 , 7S 3 1.269 9U3 2>25'-’ ,772 2 , 159,252 2 , ( 5 / ,031 2,363,291 1,366,2.61 I , 4 c 6 ,o 4o 1,10 6 ,7 5 1 1 , 220,040 io ,o 3 7 ,4 i 6 10 , 754,105 10,213,291+ 1,265,710 i , 3-?3,333 " 1,2 67,552 342,204 3 5 1 ,5 9 9 - 3 4 9 ,5 7 9 10,114,4691; 295.349 Uf’*' >1J 1 10 , 451,463 10,236,406 10,097.1465 1 ,7 5 6 ,9 2 0 1,756.963 1 ,6 9 1 ,9 7 1 1,552,301 6 0 5 , 51+5 722,610 452,231 4 3 1,6 o4 1 ,1 1 9 ,9 1 7 1,025,344 1,140 ,253 972,220 366 ,446 325,067 27 6 , 737 23 ,2 23.2 25.5 10,145,055 466,163 24.2 - j Released, for p u b lic a tio n Monday morning, July l4 , 1919; St . 4s4b not e a r lie r . STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN LEADING CITIES _ (In thousands of dollars) —-— al l . ,£Q£Q£ting banks in each district, as at close of business July 3, 1919, Boston New York Phi la. Clevel* Richm. Atlanta Chicago St.Louis Minn# K ms-Cy. D a llas San Fran, No % reporting b a n k s --------46 109 56 75 44 53 <35 52 100 36 47 35 U.S%bonds to secure circulation 1 *1,507 *+3,9 7 9 1 1 ,5 9 7 Other U»S, bonds including Libert/ bonds ----------1 6 , 101* 2 9 7 , 1.116 3 3 ,35 6 U«S«Victory notes --------10 , ikk 150 . U05 17 ,30(2 U «S »certificates of indebtedness 46,390 365^1 Total U»S* securities ---- S ( i 74-5 3 7 0 9E 'd l 1 0 ( , Loans secured by Ur-S abends,etc . 62,700 7^ 9,261 173^932 A ll other loans arid investments 43,196 4 , 3 3 7 , 671653,>497 Reserve balances with F.R.bank — 64.215 620 , 554- 6 S. 159 Cash in vault --------- 22^3^5 U 7,2'47 l £ > 12 Net demand d e p o s i t s -------- - 737,625 4 ,5 6 2 ,5 0 1 Time d e p o s i t s -------------1 1 0 ,1 1 5 294,643 C-cv ernraent d e p o s i t s --------- 4 6 ’057 255,011 B i l l s payable w ith F .R .b a n k -- 27,501 515,534 B i l l s rediscounted w ith F.R..bank 7 5 ,2 7 3 165,097 6 5 9 ,1 1 2 2 0 .972 4 2 '636 l4 6 j4 l9 26^51 61 1 4 ,1 1 7 l o ,723 34,605 771 269,314 5 5 ,4 5 2 4 3 ,5 0 6 1 9 3 . 9 oh 1 5 .4 2 1 1 6 ; 544 30 ..931 10.047 2 1 ,'sHc 17 .456 3 4 ,9 7 1 636,259 316,077 10 3,6 32 25 .652 15,515 25 ,44-3 1 4 ,9 4 2 R1 ,103 1 3 9 ,4 1 3 110 ,005 4 3 ,065 30 ,355 ;6 312,56 .o i l 110,729 17 ,15 6 6,570 20 ,134 25,690 4 i ,204 13^714 5o ,c 05 5 6 ,1 1 6 3 3 ,1 9 5 30 ,462 1 7 1 .1 7 7 50 ,052 3 9 ,2 3 5 •• July 3--- June 27 J u ly 3 — — June 27 44 44 1>3?0 1 :3 6 9 23 ,070 23 ,960 2 6 ,043 25,495 473,229 24 "424- 47,531 671 15 J^-3 106.7P.1 1 5 5 ,12.4 75.-351 o99,5o7 1 1 5 , 2>12 3 S ,7 5 2 545,534 166,570 50,554 6 4 ,310 9 ,5 7 4 CO. 5 262 F .R .B r a n c h cities 27 262 104,025 371,305 221,642 615^359 July 3 — -June 27 163 163 57,4 04 10 4,05 7 57 s409 109,275 110,451 367,466 232,955 60 ,113 7 9,5 47 22 4,70 4 223,717 515,759 560,707 1 , 220,300 5 6 9 ,9 4 6 1 3 5,759 1 , 112, 579' 135,463 7 . 205,777 1 , 653,201 1 , 654,545 156,994 155,069 1 ,0 0 2 ,4 0 6 59 ..153 5+2,117 1 , 315,331 76,193 1 , 100,303 390,979 7 , 253,373 114 ,592 941.545 202,494 206,555 3 9 ,3 39 7 , 459,194 7 , 363, 92s 521,325 722,167 720,742 165,495 4 6 4 ,4i0 610,393 6 4 ,0 4 2 54,930 653,955 7-57,495 245,473 5,760 2 4 2 ,5 4 6 19.6 4 ,1 9 5 3 4 7 ,9 17 5 ,9 19 1 , 0 01.252 45, _25.xl 93_ 65. 50^ 12 6 , 559 2 .254 , 7/2 6,556 2 1 '156 1 , 366,261 171,125 532,511 1 0 ,5 3 7 ,4 1 b 20,533 59 ,799 1 , 265.710 342,204 9,933 i s , 532 1 7 7 ,5 5 1 456,629 1 0 ,4 s i ,463 30 ,0 15 135,569 1 ,7 5 6 ,9 5 0 665,545 5 ,1 9 1 2 ,5 9 9 1 5 ,6 6 0 2 7 ,1 9 9 1 , 113 ,9 17 36 6 ,446 3 ,5 4 2 6 ,3 7 2 July 3-- — June O.l P70 9 ,7 1 2 5 1c %J ,257 23 __39 J Z L 76 s504 4~5 '453 12 ,949 1 6 ,5 7 5 3 2,150 16,0 72 1 2 ,7 2 1 62,«04 9,544 503.359 3 2 2 ,3 1 4 2 4 9 .6 2 3 1,25 S .S ? .0 3 0 0 ,3 5 5 237.635 415.273 29 b >445 52 ..664 116/953 , 435,762 9 5 ,1 4 5 54.064 7 5 .6 3 0 . 34,249 22 ,54 1 2 4 ,0 4 4 7 5 ,4 6 4 2 2,6 55 7,690 1 0,7 45 SS,569- 7 1 ,3 6 3 4 3 ,7 3 6 11 2 ,6 5 1 29,136 5,455 3 3 ,0 6 4 12,250 17,4 6 9 9,422 12 ,3 9 5 10,559 1,3 3 5 26,175 2-1— Compar a t ive data f or banks in Federal Reserve bank and branch c i t ies and, a ll other reporting banks 11*w York A l l F.R.Bank Citic Chicago Number of reporting b a n k s --------72 72 U .S .b o n d s to secure circulation ----39.252 39-315 Other U .S ..bonds including Liberty bonds 264 *9 1 9 '260,563 U .S .V ic t o r y n o t e s ------------- --- l 4 0 ,370 147*445 J -J * Q U .S .c e r t i f i-------------c a t ve s of i n d e b t e d n eo s> .s> -----------------------J ---- _135_il°S____ 2 5 5 .2 4 7 'Total Ut S . s e c u r i t i e s ---------- 779 ,^79 7027573 Loans secured by U .S .b o n d s , e t c .----- 7 0 3 ,3 9 5 7 1 1 ,7 3 7 A ll other loans and in v e s tm e n ts ---- 3 ,9 5 1 .2 3 9 3 ,9 2 5 ^ 3 5 Reserve balances w ith F . R> b a n k --5 9 0 ,5 7 5 ~ ^ 50*919 Cash in vaaxt 1 0 b ,104 1 0 6 ,7 0 1 Net demand d e p o s i t s ---------- ----5 ,4 9 4 ,605 4 ,4 6 4 ,5 3 7 Time -depQ ■aits------ --------’ 233,1116 ' ’2 2 2 ,0 4 1 Government d e p o s i t s ----------- — 2 7 4 ,5 1 6 39 O 04l B i l l s payable w ith F . R„ b a n k -----I+5U *77 !+ 345 ^117 B il l s rediscount ad with F. R. bank____ 1 1 7 ,9 9 5 110,267 Ra,/io of U . S.war securities and war paper. '0 total loans and investments, per cent- 2 6.6 2 S ,1 Total 23 ..1+ 54,251 57.51S 1 , 305,520 522,593 59,565 115,325 174,254 174,546 3 0 ,9 4 1 27,461 1 ,3 4 5 ,3 9 5 525,634 2 4 .0 24,3 A ll other reporting banks July 3 — 346 107,550 153,973 55 ,162 155,219 .. 4 7 5,23 5 130,495 1 ,9 3 0 ,3 3 7 167,171 54,559 1 ,6 4 6 ,5 7 4 509,179 51,270 157,576 «7<*®^ 19-7 June 27 347 107 ,503 151,653 6 2 ,2 5 7 ' 177=233 499,006 155,502 1 ,5 9 0 ,7 3 0 165, 55s $ 7 ,1 9 6 1 , 616,655 513,325 53,559 167,602 54,760 21,6 C O N F I D E N T I A L Not for publication. GOLD RECEIPTS AND DISBURSEMENTS OF EACH FEDERAL RESERVE BANK DURING WEEK ENDING JUNE 21, 1919. S t .488 (Figures do not include gold received frcca or paid to another Federal Reserve Bank.) _____________ (In thousands of dollars; i . e . , 000 omitted.) RE C E I P T S Boston In exchange for p. R. notes _________ J_____ Credits to deposit accounts Erom u . S. ' Fran ' ' Other banks, • ' U .S . Government ' Member ' Government ' members 'in d iv id u a ls ,e t c .' Total 'General Account 1 banks to xiax 218 25 N&w York Philadelphia Cleveland Richmond Atlanta Chicago St.Louis Minneapolis Kansas City Dallas San Francisco __Total_for_system_ ^7 1 10 801 2,000 71 25 17 57 5 l 18 1 6 5 15 1 ___ 1 _333__ .. 289 52 22 J>w . 1 11 455 _6 L102_ _ ____ 3 L1^0 _ _ Excess receipts Excess payments _3.299 _____ 2,807 1,405 1,220 812 18 2 11 16 2,373 ___ J . J 05 _____ . 10,000 P I S B U R S E M E N T . S« ~ 2,685 I n 4,090 1,127 381 93 85 1,127 381 93 85 DIVISION OF REPORTS AND STATISTICS, FEDERAL RESERVE BOARD, JULY 15, 1919 Total 1,220 922 581 ^7 23 107 1,876 1,876 1,307 588 588 27 87 7k 7k 41+ 44 11 s .2,097. V T i.T l s 2 , 35^ 7,^13 U . S. — — ' banks 20 29,370 — — 19 52 71 — - 2 4 3 2 4 3 19 — pq 20 29,370 - — ** — Total - - *“* • — \ — 10 21 4^0 - 36 — 19 60 — 10 73 pq czni 17 , 4o4 44 4,020 1,529 • ' Member • Government 3 44 44 11 S Total receipts 303 17,651 148 66^ 5Q S51 642 89 104 7,237 44 39 Debits to deposit accounts 922 581 107 10,362 126 557 557 44 39 6 In exchange for f . R„ notes To U . S . ' To ' Other banks ' Government » members 'in d iv id u a ls ,e t c .' Bo ston New York phi lade lphia Cleveland Ricimond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total for system 362 126 104 1 368 14 10,000 1 A ll other » * N. S' .1 ' A ll other » ' N. S. • — 6,874 167 100 - 500 721 100 - 27 3,667 hcA Total DisbursQnents 131 *+0,33^ i,3 ? 7 1,022 583 1 ,1 3 1 884 833 185 107 84 6 , 09^ *7 "7 r ............ D E $ T I I ^ot for publication L EERCHITAGE QF.GQLD. AND. LAWFUL MONEY -RESERVES AGAINST HET DEPOSITS, . - S t .491 PERCENTAGE OF GOLD RESERVES AGAINST- FEBF!RAL. RESERVE NOTES- IN ACTUAL CIRCULATION M D OF TOTAL RESERVES AGAINST COMBINED FEDERAL RESERVE NOTE M D NET DEPOSIT L IA BILITIES OF ALL FEDERAL RESERVE BANKS. Ratio of gold and law ful money reserves to net deposits Ju ly 3-- Ju ly 11 Ratio of gold reserves to F .R . notes in actual c irc ula tio n July 3---Ju ly 11 Ratio of total reserves to not deposit and F . R . note l i a b i l i t i e s combined Ju ly 3---Ju ly I I ___ July 1 1 , 1919 Ratio of gold reserves to F .R .n o t e s in actual c irc u la tio n after setting aside 35 $ against net 'deposit l i a b i l i t i e s . ________ Ju ly 3 --------Ju ly l i ____________ Bo ston 42.2 55-1 40.1 40.7 4o .g 46.2 4 3 .g 53*2 New York 50 .8 43.3 U1 .3 41.9 4 6 .1 42.6 57*3 50.9 P h ilad elp h ia 44-.0 42.9 40.0 40.5 4i «4 41-3 44.7 44.6 Cleveland 59-1 60 .1 55.3 59*2 5S.6 59.6 72.6 75*7 Richmond 28.8 60.2 4 g .s 34.5 42.g 42,4 46.1 4 5.7 Atlanta 56.0 6 2 .5 44.3 4 3 .4 47.5 4 g „g 52.3 54.4 Chicago 4g-5 50.3 6s .4 69.1 60.8 62.1 76. g 78.2 S t . Loui s 60 -g 5 6 .1 6l .8 6 3 .2 61-5 60.6 74.7 75-4 Minneapolis 73-3 72.0 49 -2 49.3 59 *2 58-3 76.2 73*7 i\ansas Ci cy 59*0 55*4 43.9 44.2 5G*3 4 g .9 6 1 .4 59.0 Dallas 37-4 43.0 4 1.0 40.3 39*4 41-7 43.0 4 g .2 San Francisco 6 4 .3 45.2 59*5 62.6 6 1.1 57*3 74.0 67-0 51.6 49.0 50.2 50.3 50 .8 49 -g 6 1 .7 60.5 TOTAL FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS JULY 1 6 , I 919 C O N F I D E N T I A L Not for p u b licatio n. RATIO OF "FIOAT" OF EACH FEDERAL RESERVE BANK TO IM?®DIATELY AVAILABLE DEPOSITS. ' st (In thousands of d o lla r s .) ' , _________________________________ , ____ ___________________________________________ _________________________ _ 1, 0? ___________________________________________________ July_ll 2_19ly | t , ---- mFLQAT''.___--- ‘ "F lo a t" a ft e r adding net debit * "F lo a t" after deducting National and F- R» Federal ^ erre^ Ratio to 1 or deducting net credit in 1 B a n k n o t e s , also net investment in Res or ve 'U ncollected a v a il a b il it y 'immediately_____ Saiaardas±s_aettlement. ' transfers from second calculation Bank ' items items Amount available* ' Ratio' to i m m i d i ^ l y ' R atTo"t 0 immediately : T ___________________ !--- ---- —----------------- - ...'—deposits * Amount * av ailab le deposits 1 Amount *________ a v a i la b le deposits Per cent Per cent Per cent Boston 67JP9 5 9 ,2 9 2 S ,^ 7 7 7 .0 u ,U 2 5 g j* n >0l5 9>0 IS O ,3 2 g lUU ,199 3 6 ,1 2 9 Kz *+1,799 *+-9 >+1 ,7 9 9 M P h ilad elp h ia 7 1 ,7 7 9 66 ,5 1 2 5,267 U .g ^ 7 6 U.O Cleveland 55J U 6 >*7,755 7 ,5 9 1 5-° 1 0 ,1 2 5 6 .7 9 ,1 6 3 6.0 Richmond 6l ,Sk2 5*+,9s3 6,659 12*2 8,650 15 .9 8 , 6l 0 I 5 .7 Atlanta 31,1+20 2 5 ,1 5 1 6,269 1 1 .7 1+ ju g .g Chicago 9 1 ,7 3 1 6 9 ,5 0 5 2 2 ,2 2 6 S.O 1 9 ,7 9 0 7-1 1 3 ,5 9 3 6 .7 S f . Louis 5 0 ,0 0 ^ 3 6 , 1+11+ 1 3 ,5 9 0 lS.i+ 1 0 ,5 3 1 1 U .3 9 , 63U I 3 .O Minneapolis 15 ,3 3 3 1 2 , 51+2 2 ,7 9 1 U .9 3 ,7 0 5 6 .6 3 , 56 s $ .3 Kansas City 5 5 ,7 ^ 3 9 ,265 l6 ,U 8 3 19 .7 1 ^ , 51 U 1 7 .I+ 3 ,7 0 1 Dallas 1 7,sU 2 I 3 .6 l i *+,231 8-3 U ,8 9 9 9-6 3 , 1+20 San Francisco ^ q .5 5 2 2 2 .021 1 7 .5 5 1 l 6.g 73 S , 1+9i+ 591,250 Hew York total FEDERAL -RESERVE BOARS’ -- - DIVISION OF REFORTS AND STATISTICS 1919 JULY 16, j , 11+7 , 21* 7 . 1+ U .O g>5 1 2 .579 ____________ 12^0___________________q .^ 7 0 1 ^ 7 , 2UU 7 . 1+ 12 7,90 9 6 .7 ______________________________________ s.b C 0 N F I D E B T I A L Not for p ub lic a tio n COMPOSITION OF UNCOLLECTED ITEMS AND DEFERRED AVAILABILITY ITEMS, S t -U92c (in thousands of d o lla r s .) UNCOLLECTED ITEVIS 1 Checks 'National Bank' 1 1 t and ' notes and 1 Clearing 1 other 'b a n k notes o f'T ransfers A ll other ' 1 house 1 cash 1 other 1 bought ■uncollected’ Exchanges 1 items ' F . R. Banks 1 items ' Bank 2 ,8 4 6 Boston Now York 159 - 1+10 6U . 35I+ - DEFERRED AVAILABILITY ITEMS \ 1 1 » 1 * Transfers 1Government 1 Other 1 1 transit 1 transit 1 1 sold 1 1 i t cms 1 items 1 t 1 Total 1 Gold Settlement suspense f Total 6 7 ,7 6 9 2 2 , 31+1 - - 36,951 59,292 1 5 4 ,7 0 1 180,328 67,905 - - 76,294 l4l+ ,199 60,518 7 1 ,7 7 9 2 1 , 1+07 - 2,306 4 2 ,7 9 9 66,512 4 9 ,7 2 7 5 5 ,3 4 6 1 5 ,2 4 5 - 6i+o 31,870 4 7 ,7 5 5 19,8514- 5,7 7 3 Philadelphia 8,276 2 ,9 8 5 Cleveland 4 ,6 4 5 12 547 Richmond 3,269 207 80 - 58,086 6i , 6l+2 2l+, 2l 6 - 2,095 28,672 • 5 4 ,9 8 3 Atlanta 2 ,7 7 5 188 151 - 28,306 3 1 ,4 2 0 3 ,9 8 6 - 1,068 20,097 2 5 ,15 1 Chicago 8,292 S t . Louis 1 ,6 1 9 1+0 Minneapolis 1,3 2 6 Kansas City ' Ul5 487 i,s 4 o 8 1 ,1 1 2 9 1 ,7 3 1 26 ,9 16 1 ,13 0 584 i+o,S75 69,505 417 1,380 46,5^+8 50 , 001+ 1 3 ,6 1 1 900 161 2 1 , 71+2 3 6 , 1+11+ 1 U2 95 13,869 15,333 5 ,0 3 9 - 361 7 ,1 4 2 1 2 , 51+2 1 ,1 9 2 376 1+08 10 , 1*05 43,367 5 5 ,7 4 8 7,641+ - 3 1,6 2 1 39,265 657 288 371 1 ,1 1 1 1 5 ,4 1 5 1 7 , 8*+2 4 ,3 5 4 ______ 21 162 2LPUs .... 33_t6g6 .._J9.,55g— I . ® 10,060 3 ,0 7 5 738 , 491+ 2 1 7 , 13 s Dallas San Francisco.._2j 625 _ _ TOTAL - 5 7 ,3 7 6 - FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS JULY 1 6 , I 919 1 8 , 291+ 649,689 . - 3 650 1 26 17,520 22,021 7 ,8 9 1 3 ^+ ,1 87 591,250 2 , 031+ s , 6ol+ 1 3 ,6 1 1 C O N F I D E N T I A L Not for publication. EARNINGS, EXPENSES AND DIVIDEND PAYMENTS OF EACH FEDERAL RESERVE BANK FOR THE SIX MONTHS ENDING JUNE 30, 1919, AMOUNTS CARRIED TO SURPLUS FUND AND TO PROFIT AND LOSS, ALSO RATIO OF SURPLUS TO PAID-IN CAPITAL, JUNE 30, 19191 1 Boston York ‘ Ratio of total 1 curr ent Gro ss T Total earnings 1 current 1 expenses to t expenses T gross ! 1 ! earnings Per cent $3,410,511 tNet debits* Net arrounts f 1 Net 1 to profit 1 available for 1 Dividends 1 earnings 1 and loss * d iv id e n d s, 1 pai d T jJan* 1 to 1 i r surp lus, 1 June 30,’ I T 1 ? etc * Amounts carried to surplus fund St-4S6 •Ratio of 1 Amount s 1 1 c a r rie d 1 Surplus on' surplus to » to * June 30, ’ paid-in 'c a p it a l on 1p ro fit f 1 1919 1June 30,' 19 1 and loss f t'er cent $ 7 5 1 ,44s 22*0 $2 , 659,063 - $2 , 659,063 $ 203,886 $ 2 , 209,659 $ 245,518 $5,205,759 75'7 16,370,553 2 , 603,944 15.9 1 3 , 766,614 $19,595 1 3 , 747,019 630,579 1 1 ,804,796 1,311,644 32 , 922,051 153.5 496 3 ,232,369 229,545 2 , 702,992 300,332 5,311,336 69.4 Philadelp h ia 4,01+9,361 815,996 20.2 3 , 233,365 Cleveland 3,456,331 6 16 ,s4o 17-9 2,839,541 - 2,839,541 275,541 2 , 307,600 256,400 5 , 859,600 63.5 Richirxmd 2 ,307,300 4 o i, 266 17-4 1 ,506,034 - 1 , 906,034 124,060 1,603,777 178,197 3,799,846 90.4 Atlanta 1,954,629 4 i 6 ,soc 21-3 1,537,829 3,243 1 , 534,586 96,384 1 ,295,000 143,202 2 , 805,000 86 »4 Chicago 5.128,35S 1 , 126,865 22.0 4 ,001,493 654 4 ,000,839 340,467 3,294,335 366,037 9,710,581 84.8 St* Louis 1,739,855 529,313 30,4 1 , 210,542 - 1 , 210,542 114,782 986,184 109,576 2 , 539,495 67.0 Minneapolis 1 , 351,861 25s,oi4 19 .1 1 , 093,347 - 1 ,093,347 89,006 904,357 100 ,4s4 2 , 319,601 77-0 Kansas C ity 2,346,008 528,000 22.5 1,818,008 (a) 149 1,818,157 111,812 1,535,711 170,634 3 , 957,138 105.2 Dallas 1 , 440,103 384,999 26-7 1 , 055,104 20,673 1 ,034,431 96,142 844,460 93,829 2,028,868 62.6 San Francisco 3 , 135,652 628,261 20 .0 2 , 507,391 2 ,507,391 l 4 l ,422 2 ,129,372 ___ 236,597 4,577,547 95-9 4 6 ,690,577 9 ,061,746 19-4 37,628,831 37,584,319 2 ,453,626 81,086,822 9 8 .0 TOTAL FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS JULY 16, 1919 44,512 (a) Net credit 3 1 , 618,243 3 , 512,450 FEDERAL RESERVE BOARD G O L D . S E T T L E M E H T F U N D X-lb21 SvBama.ry_.of transactions for week ending July 17, 1919 (in thousands of dollars) CONFIDENTIAL Balance Aggregage Aggregate Settlements from July 14, to Balance in Fsdsral last Gold Gold withdrawals deposits & T R A N S F E R S July 17 , 1919 ,both inclusive fund at Reserve statement with de & transfers transfers close of July 10, drawals deposits to Agent’s Bank . of from Debit, Credit Net Total Total Net business 1919 Fund Agent's Fund Debits Debits Credits Credits July 17,1919 Boston ^7,313 17,000 121,388 8,975 135,484 14,096 537385" 118,194 New York 10,000 10,000 58,612 21,700 419,593 : 424,650 5,057 96,339 Fhi lade lphia 44,280 7,000 17,135 21,029 17,135 32,408 139,899 : 123,106 16,793 4q,ooi Cleveland 6i,736 605 5,216 505 7,593 100,381 : 5,805 9^,576 58,913 2 ■Richmond 23,890 3,002 7,600 7,600 46.000 52,537 6 ,5 1 1 149,082 155,592 : 28,515 Atlanta 160 IS ,936 103 5,603 160 500 388 3,333 33,179 : 32,791 15,938 Chicago 268 720 108,759 268 53,500 52,5^7 155,815 : 200,764 44,950 152,303 26,564 Louis 338 10 , 33s 5 }200 3,218 8,352 101,795 : 98,577 16,160 Minneapolis 114 114 29,659 21.000 29,500 24,455 : 2,587 21,868 35,686 Kansas City 36^ 176 30 30 4,445 1,000 b 1 , 909 :: b0,834 1,075 38,576 Dallas 12 12 275 9,599 275 10,499 10,907 24,201 : 2,591 21,610 7,153 36,894 San Francisco 12,000 1,500 20.000 29,417 7,259 25,135 72,871 : ^7,73b 28,435 Total 12,718 • 3 7 r42*} 562,000 "5b ,938 239 , 55b 64,103 1,411,078 :1 , 411 ,078 b5,3^i 239,556 b4 , 103 5£0,^03 E D F R A L Federal Reserve Agent at Boston New York Philadelphia Cleveland Richmond At lanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco.* Total Balance last Gold statement with July 10, drawals 1919 46.000 Bold de posits R E S E R VE ;Withdrawals for trans fers to Bank A G E N T S 1 Deposits through, transfers from Bank 5,000 F U N Total with drawals D Total deposits 5.000 7.000 57,889 40,000 260,824 59,^31 20,800 31,360 3,184 106,539 840,527 1,500 1,500 5,000 3.000 - 5,5oo 720 10,000 4.000 * 2.000 2,000 500 21,500 27,917 27,917 8.000 34,220 90.000 7,000 64,889 95.000 3,000 31.000 1,500 1,500 5.000 5,500 720 4.000 10,000 2.000 2,000 500 27,917 49,417 Suaaary of changes in ownership of gold by banks through trans fers and settlements Decrease 4 i , oog 90.000 95.000 29,500 Balance at close of business July 17 >1919 31,855 5 ,^14 3,^28 44.000 256,544 65,^31 18,800 29,360 2 ,6 8 4 8,000 86,622 34,220 825,330 - 66 2,183 17,87b 50,822 : Increase : 0,071 : : : : 26 : 2,445 : *+3,997 : : 5,913 : 2,370 : : : 1 bofS ?2