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jjj&Jeased for publication Sunday morning July 14, 1918; net earlier* STATEMENT FOR THE July Substantial cates, gains accompanied Federal weekly Reserve bank by note millions* total discounts presented secured by U*S* the 2,3 m i l l i o n s in Treasury ca g o , the war Kansas close of by the business against 563,5 millions San bonds, while equivalent assets San of an funds* banks amount saw considerable of the before, is customers of liquidation about during millions, deposits gold reserves or o 15 millions to t e the week* the ^ Cleveland, n- concentration increased by dur oJ*6 reserves are ™ tQ & , from New York and Chi cash away re ^paper 6.5 millions the considerable M e m b e r s 1 reseI've movement 83.1 Of temporarily advanced 41 reporting of tanks- about increase in 1918, and reports also Board's the w e e k the w e e k gained an about .j.2* certifi deposits, kecerye Chicago 101,8 millions increased Francisco hand 1918• Treasury for notes Boston reports increased deposits on banks* New York and collateral Acceptances Francisco the earning Government the w e e k July Cleveland as and increase millions and n e t d e p o s i t s by 79,7 millions. R E S E R V E S : No a p p r e c i a b l e c h a n g e s in a g g r e g a t e though on Boston, member banks* an 13, reser/e federal N o w York, Government of indicated discounts rremcers* show and City and the w e e k at and on h a n d certificates^ Total are obligations* U.S. largely Government bills millions, Boston D E P O SITS: as paper,, i « e * , of Government* ing at 606.5 by w a r largely at issued Discounted largely in circulation statement INVESTMENTS: in e a r n i n g a s s e t s , increases X-1061 PRESS, cago* . . FEDERAL RESERVE CIRCULATION: During the week the Agents issued 46*6 millions net of Federal Reserve notes. The banks report an increase of 21.9 millions^of Federal Reserve notes in actual circulation besides a slight increase in their liability on Federal Reserve Bank notes in circulation* CAPITAL: An increase of $161,000 in paid-in capital, largely of the Atlanta and Chicago banks, is due primarily to payment by newly admitted members for Fed eral Reserve Bank stock* CONDITION OF MEMBER BANKS, JULY 5, 1918, Withdrawals investments ment and in some though a decrease ing banks w a s about cates far the show by banks, of show some Treasury created of reserves 13*9 the 13S*4 same the June in l o a n s per cent New York 21 by and on at banks 21, this the to by the in the New York ratio banks given by all on June declined during the of a lo,3 June and m report certi likewise ^ investments in~ head redaction u n d e r this of w a r loans a shows per two weeks cent from l-^ member of ^7 5 0 m i l l obligations loans share to Treasury end war reporting banks 28 a n d of the Total The Friday Greater New York notwithstanding banks# last number the n,S. banks. the th e statement. about by since 21, w h e n prosent secured New York 13*6 decline June especially at millions, the slight shown Loans investments June a since decrease,, 57*1 shown for show millions taking d e c r e a s e ; ‘m a i n l y since as larger certificates* 34,6 mi l l i o n s paper of notwithstanding ions th e in s h o w i n g c o n d i t i o n on J u l y 5 G o v e r n m e n t secixrities o n h a n d June of Government deposits a c c o m p a n i e d b y i n c r e a s e s in a r e i n d i c a t e d by t h e B o a r d ’s w e e k l y s t a e of 6 9 6 m e m b e r barks i n l e a d i n g c i t i e s * volume reductions and war decline July on 2 0 f5 t o from * For 15,7 per cent, Further ly offset reductions by increases withstanding deposits the show a increase decline decline of totaled 290,3 millions, drawn th e w e e k in of the w e e k the During of 164*5 number the w e e k which three investments 118,7 to ponding and cash to decline per 38*9 123*6 rise cent per net deposits, tho millions, For to to 14,2 central of w h i c h city banks* the 115,3 owing per 33,8 to cent reserve reserve all Government banks in cent the millions the re p r o s exits cities* of Total the net fall banks in and at the cash ratio a reserve, from 17*3 reserve shows a to declined central of from corres combined reserves decline decline while the week cities of a deposits amount with during ratio excess net^demand show a deposits rose ica not deposits banks, reserve The larger reporting time prac banks, Government the Government central represents ci New York deposits, is n o t e d * banks* and Reserves for the are city m e m b e r banks, 112 millions, relatively for all city City deposits reserve net w i t h d r a w a l s withdrawals per demand central N e w Yoric about nearly including cent* of net the 168,5 millions central millions, net, from 109,2 from 15,3 for to of For the w e e k in v a u l t s h o w s s o m e g a i n . A s t h e r e s u l t of c o n s i d e r a b l e total in total deposits, in t h e for 11.5 millions# from banks during during in t i n e 15%1 to reserve Released for publication Sunday morning July lU, 1918, Not earlier SmTEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS AT CLOSE OF BUSINESS JULY R E S O U R C E S July 12j 191S old coin and certificates in vault 422,733,000 1+2 1 , 927,000 Gold settlement fund, F.R. Beard 524,225,000 524,303,000 °Tot*1 * rJfJ 'J?°vA11' ? cy A * Gold with Federal Reserve Agents Gold Redemption Fund T ! 5f r^selV3s T^ . n t3nd-r notss, silver, etc. lotal reserves _ ills di^-.ouu,ed x°r ofemjars aad w E . ills bcugiu in open narket -15^529x000 962 , 492,000 963 .lU 7 .OOO _ _ l k J a i ,C O O _ banks totat“p f S t t t ™ ^ I o T f l 1 , 159 , 332,000 — 218, 464,000 T I E s w S P a id in surpiub Government deposits Due to members Reserve account Collectioa items Other deposits, including foreign government credits F .TR!ai „ S s ° Sind2 t i r c i r o u l a t i o n F. E. lank not as in circulation - r:jt l a b i l i t y All other liabilities TOTAL LIABILITIES of i,old resorvaa to net deposit and 5*. R. note liabilities confined Ratio of tptaU. reserves to net deposit F. R, note liabilities couibined t e t i o | (a) 16,272.000 962 , 502,000 962,075,000 34.533.000 1 , 960 , 052,000 ___ 55 .,.93.2^000 2 , 0 15 , 9S4 ,000 U S 1® I* 5 -tU 1 " S * * erm s e c u r l^ 8 All''oth^r=-arnin-Sa s ^ S 3rra SeCUrltleS ■P^V ^arnina assets X-106la 12, 1913. 1 , 959 , 110,000 56 . 053.000 2 , 0 15 , 163,000 . 1 , 076 , 782,000 211 . 947,000 U7 1 , ^ 3 P000 . 323,353,000 52.500,000 912 , 346,000 42S,33S,OOQ 1 2 !687.000 1 , 3 5 3 , 371,000 4 7 , 545,000 1 , 400 , 916,000 140 , 163.000 1941-9^7.000 1,373.3^6,000 t o , 273,000 31,923,000 _______ -7 2 , 0.00 1,288,729,000 42 , 71+9,000 17,350.000 2&.000 335.100,000 4 3 , 961,000 30,359,000 2 . 673,000 --- ^....10 , 163,000 4 , 1 1 7 , 722,000 4,044,162,000 * 54.000 2 , 074 , 730,000 7 6 ,324,000 1 , 134,000 169.393 ,000 1,439,346,000 477,526.000 IQ^fflq'ono 76 . 163,000 1,1 3 4 000 57,661 .000 ___ 300,372 000 1,019 672*000 . 15 3 , 3 6 3 ’ oOQ 7 *47 000 ^ q H S ’Z ’ 10 ' 635 ' COO oi k nkh' i ' ‘2P? M X U .l w .O O O X- ^ - ^ O O O I ’ afc'cOO ^>^b0,000 ---_-?g7 .000 2 , 07 H, 790,000 12S,39S,000 1.369,697,000 52 7 , 530,000 117.509.000 f a j ’t a ’S E ’ 10 1200 i000 on n£c nnn 117 722 000 M l 7 .7 2 2 .O O 0 5 and S 53-^i- Includes amounts formerly shown against -items Due from or Due to other F. R. Banks, net. 6O.O /0 77 , 2^kx 6l jfo 75 5^ Seleased for publication Sunday morning July 14, 191S Not earlierX-106lb TCEEKLY STATEA®NT OF RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE BAiJK AT CLOSE OF BUSINESS JULY 12, 191S. (In thousands of dollars-) R E S O U R C E S Boston New York Phila. Clevel. Richm. Atlanta Chicago St, Louis Minn. Kans.Cy. Dallas San Fran. Total Gold coin and certificates in vault 8,077 303,998 94 34,644 6,384 6,810 26,940 1,799 8,303 375 6,124 19,190 422,738 Gold settlement fund, F.R.Board 73,365 119,091 54,590 64,566 20,504 20,768 59,932 '2 5 ,2 6 0 14,609 33,600 12,783 25,157 524,225 Gold with foreign agencies 1,085 5,346 1,085 1,395 542 465 2.169_______ 620 620 808 542 852 15.529 Total gold held by banks 82,527 428,435 55^769 100,605 27,430 28,043 89,041 27,679 23,532 34,783 19,449 45,199 962,492 Bold with Federal Reserve Agents 56,964 280,282 99,155 115,611 33,115 30,250 152,540 31,599 23,852 33,651 14,035 92,093 963,147 Gold rade-iption fund 2,799 15,000 3,500 823 138 2,944 3.177____ 1,946 1,799 1,036 1,251 -34.413 Total gold reserves 142,290 723,717 158,424 217,039 60,683' 61,237 244,758 61,224 49,183 69,470 34,735 137,292 1,960,052 Legal tender notbs, silver, etc. 3,152 44,696 ______ 386 389 404 590 2,829 1,039 __ 1 1 0 7 ____ 357___ 1 ,685 298 55,933 Total reserves 145,442 768,413 158,810 217,428 61,1)87 61,827 247,587 62,263 49,290 ’69,827 36,420 137,590 2,015,984 Bills disc, for aierabers and F. ILUis 85,324 413,001 67,184 88,654 58,116 31,353 169,439 53,527 52,567 62,853 28,761 49,103 1,159,882 1.3 90 17.692 218.464 Bills bought in open oarket 26.267 113.256 1 6 r033 12.931 3.777 4.020 19^.51 2r962 825_______ 70 Total bills on hand 111,591 526,257 83,217 101,585 61,893 35,373 188,690 56,489 53,392 62,923 30,141 66,795 1,378,346 U.S.Gov't long-term securities 940 1,510 1,748 7,154 1,233 730 7,090 2,233 1,317 8,877 3,979 3,462 40,273 U.S.Gov’ t short-term securities 1,416 18,244 1,184 1,900 1,510 975 2,112 321 1,113 1,217 901 1,030 31,923 All other earning assets ___ _________ 51---- ----- — ---- ------- 5_____ ~ --~— ______ -— ______ 16______-____________ 72 Total earning assets 113,947 86,149 110,639 64,636 37,083 197,892 546,062 59,043 55, 822 73,0i7 35,037 71,287 1,450,614 Uncoil acted items (deducted from 42,184 169,308 62,854 46,674 39 , 598 . 31,963 . 91,578 34,456 13, 697 51,511 16,043 40,544 640,410 gross deposits) .-_— — -— 5% B e d e i f u n d against notes 14 100 400 137 84 735 1.155 All other resources 1,113 806 600 553 249 344 1,173 . _ 1.590 600 478 1.318 9,979 TOTAL RESOURCES 302,746 1,485,373 308,926 375,341 166,127 131,487 538,312 156,315 119, 058 195,099 88,115 250,823 4,117,722 L I A B I L I T I E S Capital paid in 6,474 19,954 6,939 3,898 3,115 9,886 3,608 8,595 3,540 2,997 2, 829 4,489 76,324 649 75 116 Surplus 40 216 38 1,134 Government deposits 16,166 2,261 30,051 7,508 8,919 12,682 30,743 13,774 12, 412 17,047 2,764 15,066 169,393 651,547 87,860 Due to members, reserve account 93,630 100,198 42,849 35,408 178,775 47,698 37, 167 62,484 35,250 66,480' 1 ,4 39 ,34 6 69,307 98,077 22,820 43,550 49,786 64,183 33,086 22,172 Collect ion items 8, 282 25,745 13,070 27,448 477,526 102,148 149 8 331 2,485 6 22 Other dep- incl. f oreign Govt .credits 23 2,637 107,809 859,280 145,677 194,763 84,862 70,916 255,553 173,333 83,793 57, 883 105, 276 51.107 111.631 2.194.074 Total gross deposits 598,007 155,357 170,477 76,128 56,709 267,879 121,153 67,932 57., 430 76,553 33,190 132.610 1.8 13 .42 5 F-R- notes in actual circulation ■ 110 2,000 F.R-Bank notes in cire-,net liatu 3,000 690 10,800 953 7,483 1,711 1,506 1,123 597 2,778 982 878 1 ,7 3 0 All other liabilities ■ 821 1.403 21,^65 . TOTAL LIABILITIES 302,746 1,485,373 308,926 375,341 166,127 131,487 538*312 156„315 11^ 058 19 5,099 88*il5 250,823 4,117,722 -- ---- - - - ----- - 5 ----- — - *— - — - ------ --- _ _ _ Released for publication Sunday morning July lU, 191S X-106lc Hot earlier. STATUIENT OF F2DEBAL KES5HVE AGENTS1 ACCOUNTS AT CLOSE OF BUSE?ESS JTJL7 12, igig. (In thousands of dollars.) FEDERAL RESERVE HOTES Eeceivad from Cocptroller Beturned to Comptroller Chargeable to F.R.Agent In hands of F. R.Agent Issued to F.R.Bank less amount returned to F.R.Agent for redenpt ion Boston New Yoik Phila. Clave. 174, ZkO 3iti0 6 9 9 4 , 4 8 0 2 2 3 , 5 2 0 Rich. 2 2 0 , 3 0 0 Atlanta Chicago St.Louis Minn. Kans-Cy. Dallas San Fran. 9 1 1 3 . 1 2 0 6 , ? 4 0 3 5 AMOUNT OF ELIGIBLE PAPER DELIVERED TO F. R. AGEKT , 2 4 0 - a s ^ B — 3 g ^ s ^ ,_ i 8^509^ 2k. qj*R v lx s u g i J 7 ^ l 4l , 4o4 17.000 778,847 9 5 , 8 0 0 7 7 , 9 * 2 17.495 lk .h i 1 0 7 , 7 0 0 18^721 ,035 201,791 88,175 77,60£332,495 81,305 6 3 ,3 5 3 ' 88,979 5k5...18,77.5. 35..780 8.. 800 4. 555 6.620 lSa -USUSQP. 8g.3gP...aQ,flPQ___ ^ _____168,715 181,791 1,000 163, 7^ 6)464 - 11,518 - 2,503 * ~ — - 16 , 5^2 8, - ^ 3,$ % 615 2,177 2to 1,968 100,000 90,249 95,000 32,500 25,570 152,300 29,631 49,500 jSyJaa 124;404 Total 68,500 155,380 2,691,600 .16^5&8 11,203 uso.qoi 5i7932 144,177 2 , 241,099 XL,315.-- — tr.... 277, 370. 81,630 58,831 2^6,715 72,505 58,798 82,359 33,957 144,177 1,963,729 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold go in and osrtif. on hand Gold redemption fund Gold settlement fund, F.R.Board Eligible paper, minimuBi required Total 4 " 13,102 1,250 2,291 9,500 31,360 11,581 1,870 --- ,,2 95 ^44 4 53 , 37 s 6,962 584. 85,131 19,922 701,325 J£lfl_Kte 69.566 6S.fS& 48,515 28,581 144.175 Uo,qo6 3^.946 48,708___________ 52.084 _ i,or>o ^ 659,847 168,m 181,791 't l,6 3 0 58,831 296,715 72,50558,798 82,359 33,957 144,177 i ’ 965'729 526,257 71,354 96,705 61, 4JS9 20, 7M7 179,265 44.U62 m ,5 9 i 46,83? 57,084 38»£*fc 58, 1091, 313,041 M E M O R A N D A FEDERAI. RESERVE NOTES OUTSTANDING AND W ACTUAL C IRCUlATlOjSf F. R. notes outstanding F. R„ notes held by bank F. R« notes in actual circulation 124,404 -JL25L 659,847 l 6s#?s$ £ l ,.gto 181,791 81,630 58,831 296,715 72,505 58,798 13,352 ,1 1 ,3,14--5.502 P.1PP 2grCTfi _ U . ^ l.Xfi* 121,153 598,007 1 55,357 170,477 76, 12856,709 2&7.S79 67, 93257^430 82.359 5,806 fb ,553 3*,957 144,177 767 1 1 . 567 1 963 72q 33,190 132'!610 1,813 DISTRIBUTION OF BILLS, U. S.- GOVERNMENT SHORTTERM SECURITIES AHD ^RBAMTS BY P U R I T I E S . Within Sills discounted and bought S. Government short-term securities Municipal warrants 0. i 15 days 772,072 17,031 16 to 30 days 181,544 10 31 to 60 days 250.$ 8$ 56 61 to 90 Ays 131,354 4,890 Over 90 ckys 42,850 9,992 Total 1,378,346 31,923 56 Released, for publication Sur*lay morning July 1)4. lq-i 7 STATEMENT SHOWING PRINCIPAL RESOURCE ANT'* I t^ptt mv rm-.r,Not earlier , X-106ld w rrnt™ ^ 0F BAHKS LOCATED IN CENTRAL RESERVE, RESERVE AND OTHER f»r m reporting ^ Member banks No* reporting banks JDLY 5' , Boston 1*2 New York 101 PhivT Uo * rT-— i 0iev el*Ricnrru U*3* bonds to secure ^ circulation Other U*S-Bonds including lk fipl ’ U-Lsbec 9rcificates of 12,883 10 n#n 5 251,kok 2 2 ’ 5°2 634 All°othei ".I cans and investments 25° ,kkl 39,323 0therS!s!ikSu including * TotSi’ u!''s’.“’M<mrities Leans secured by U- S. All°oth3rSl in s and in- 17>3S2 57,285 25,617 21,296 76,732 23>5?T 1? , P ~ 62’ 12? 52,608 157,235 fiH k x 64,743 17,281 32,325 6,723 229,923 ^ .« 9 6 577,'734 Ot >, O * 603’ 595 gf ’ 493 4g 'o § bU) 62,433 1,8.095 2‘,1’ ‘,3‘* I F * ,? » 33,388 U,98S " 413 989 ^ * A^ndsd f f e s ' 1-1,69 10-392 W .J 1 9 ' gzu I I S L ' 5 5 -2 5 4 " iq * ’i 14,950 l k t0 Z 6 17*579 ■35*151 Z&S>S9± 17,509 15,259 561,236 l4 *2S9 13' ^ S 28,533 551.151 5,034 4,625 Reserve Cities 21,212 612,609 12, l4l ' 31,393 87,756 45,579 5,562 1,443,799 JM 3 423,773 513,305 10 , 532,131 14,754 4 2 ,4 50 l , 0 7 9 ,1 9 6 11,6x4 19,373 3 5 5 ,6 5 5 8 ,7 5 0 ,5 8 4 25,699 109,446 1 ,3 2 3 ,5 4 6 Country banks lit 410 696 ^6 **' 88 Total — 153 151 696 * - * 621 U9'597 *13.32^ 172. 8® 166,423 >*7,**91 1*5,769 269,954 261,516 294,622 307,903 217,533 218,012 49,021 U7 ,t o 561,236 573,395 708,322 V il'lv. 736,939 c}! *’ 605,111 201>U/' * 130,366 124,413 443,799 3 3 .851* 612,609 31,161* 612,362 1 , 447,273 28,241 2423,772 S J 01 494,119 2?1’013 : l 47,625 U-2 5 1 .3 7 5 ,4 2 2 3 7 9 ,5 5 2 227,649 467,593 162,570 f?*P 129’ 015 30 ,5 01 15,763 34,777 Jfc ’ S ? - ,^ ’ c/o 57,930 1 3 ,9 *5 7.035 1 5 ,4 2 ! V 1 J 1 2 25? ’ 232 lU,E*S12 348,633 135,928 36 ] , 32 s 1— ^ ^ ’a P ^ 7 ’^ ° 7^ - 81 34,233 6 4 ,2 54 *- »** 421 37,1,63 66,244 8,700 J2 25 9 'a g 2 37,736 *■ * Govemrrajit deposits ^ 28 12'3 7 S July p;--V jura PRSt-^ouis Total Cen.Res,Cities ^ 32 Il+>130 Reserve with F .R . bank6l,931 ’ 572 ’ 221 ’ 4 6 ’ s63 ^2o ’ "*2 £ ^ Cash in "vault 24 251 122 m ^ ?S. S ’ ? 2 Net d$1vand deposits . 650 U76 4,192960 56? ’ S 624’I S T i o , d op. os its 96630 ?64’ 6s6 i f o \ i S ’ l S H i ’ 5*2 Government deposits 82 602 4Ur’ Vat_ 3 ’ fll No. r e p o r t s * » * . U .S. bonds to secure 93 2U>?33 66*289 132 *Ihl b6>289 132,247 871 7 T o t a l^ S ^ 's J c u r it ie s Loans securad by u. s. ^ t 1 U3’ 2U2 >97° ---— — — ----- *------- :--- ------- —— ------- -— ........ ^ Atlanta Chicago St. Louis Minn. Kans*Cy- Dallas San Fran* Total f 22, 30 o 21,204 2S5,258 l t ! 184,524 I clV ^ 524,101 S IS). 535,921 160 i 766 ,856 1 76 , 94l 1 7 3 ,75 2 1 ,3 33 ,54 6 1 , 36 0,152 339,792 449,238 51,0 72 63,210 9 14,791 1 , 205 ! 079 I ^ ,5l 692,631
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