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i'3l-;asei for publication Sunday morning July 21, 1918. Mot earlier. STATEvENT FOE THE PRESS. X-IO77 July 20, 1918. • Aggravate gains of 1 5 .4 millions in gold reserves accompanied by an equally large increase in investments and a Slightly larger gain in Federal Eeserve note circulation are indicated in the Federal Reserve Board's vreekly bank statement issued as at close of business 0.1 July 19, 1912 , INVESTMENTS: Discounted paper on hand shows an increase for the week of 43.5 millions mainly at the Chicago, Kansas City and Philadelphia banks. Of the total discounts shown, 601.U millions, as against 606.6 millions the *veek before, is rep resented by war paper, i .e ., member banks' notes and customers1 paper secured by U.S. war obligations. Acceptances on hand indicate net liquidation of 12.5 Million for the week and of 122.9 Millions since March 22 when tne maximum holdings of this class of p a p e r , r e p o r t e d . Redaction by the Government of 15 millions of cert if icates held by the New York bank on June 12 accounts largely for the decrease in Government securities shown. Total earning assets increased 15.4 millions. DEPOSITS: Government deposits show a decrease of 24,6 millions, largely at th Cleveland, Chicago and Atlanta banks. Members' reserve deposits increased millions, all the banks except those at St,Louis and Dallas reporting gains for the week. Met deposits increased about 1} millions. R5SSBVES: Transfers of Government funds from other F.R. banks resulted in con siderable concentration of reserves at the New York bank, which holds at present ■ 43.5 per cent of the total cash reserves of the System as against 32 per cent the week before. The ratio of reserves to aggregate deposit and F.R. note liabilities shows a slight decline from 59,9 to 59.8 per cent. — F> R, CIRCULATION: Daring the week the Agents issued 18»9 millions net of F,R> notes. The banks report an increase of 15.6 millions of F.R. notes in actual cir culation besides a slight increase in their liability on F, R. bank notes in circulation. CAPITAL: Payment by aewlyradmitted members for F.R. bank stock accounts large ly for an increase of $59#000 in paid-in capital, chiefly of the Chicago and New York banks. CONDITION OF MEMBER BANKS, JULY 12, 1918 Substantial gains in deposits accompanied by somewhat sr/all er increases in loans and investments are i n d i c a t e d t h e weekly statement of condition on July 12 of over J00 member banks in leading cities. Notwithstanding the largernumber of reporting banks the holdings of U.S. bonds, other than circulation bonds, show*,' a decrease for the week of 4.5 millions. On the other hand, certificates of indebtedness, notwithstanding the redemption by the gov ernment on July 9 of the outstanding balance of the April 10 issue, increased 122. f' millions, of which over 80 millions represents the increase under this head for tlu-. banks in the three central reserve cities. Other loans and investments show an in crease of i^O.U millions though for the central reserve city banks a decline e^ual^y large is noted. As a result of the week’ s developments the share of U.S. war obli gations in the total loans and investments shows a rise from 13,3 to l 4.1 per cent. For the central reserve city banks a rise from 15 to 16.3 per cent is noted. Government deposits decreased during the week 99*2 millions, largely at the banks outside the central reserve cities. demand deposits went up about 271 millions, of which 152.6 millions represents the gain at the central reserve city banks. A gain of 23.1 millions in time deposits is confined largely to country banks. Total reserves show an increase of 62.3 millions, chiefly for the central reserve city banks, while cash in vault -.vent up 15 •3 millions. Owing to the slightly larger gain in deposits the ratio of aggregate loans ar.d investments to deposits declined from 123*6 to 123*1 per cent. For the central r:serve city banks this ratio shows a decline from H 5.3 to 113.3 per cent. The raJ,iof combined reserve and cash to deposits shows an increase from 14.2 to 14.? per cent 1 or all reporting banks, and from 15«1 to 15«7 per cent for the banks in the central reserve cities. Total aatcess reserves, in the calculation of which no a c count is taken of government deposits, increased from 38.9 to 69.9 millions, by i?i the larger part of the increase falling to the share of the central reserve ciJ:y banks. ......... .. ';r- i\ ; ; ' J - ■ J rooming July _a., Xy•±J r,.^ .i.ei‘ LIAB 1LIT 1 ii.o vjj?' Tn.u! ^ .’'FDSRA.L RESERVE E E July 19 , 1913 G o l d in-vault a $ i in tr-vrsit ■ •,. > 428,853 ,00G Gold settlement fund, F. K, Board 555.154.000 ^old ''Vith foreign agencies Votal gold held by banks 1 , 000 , 503,000 Gold with Federal Reserve Agents 940 . 290.000 Gold Redemption Fund Total gold reserves 1.975.448.000 Legal tender notes, silver, etc. ___ 55,647,000 Total reserves 2.031.095.000 Bills discounted for members and F.R. Banks 1,203,346,000 Bills bought in open market - 2Q 5u 3i2*m Total bills on hand 1.409.278.000 U» S. Government long-term securities 40.259.000 U. S. Government short-term securities 16. 355 .000 All other earning assets 9£ jm Total earning assets 1 >465,993 ,000 Jncollected it inis IDeduct e.' frora gross deposits) 658, 588,000 5 /v Redemption fond against i's'.E. Bank notes 751.000 All other resources — 9 ,.6a5 JQQQ. TOTAL RESOURCES 4.166.122.000 L I A B I L I T I E S Capital paid in 76 . 3 s3 .OOO Surplus 1 . 134.000 Government deposits 144,828,000 Due to members - Reserve account 1,488,047,000 Collection items 400,01# ,000 Other deposits including foreigh government credits 112,0^2.000 Total gross deposits 2.225.268.000 F. R. ‘ notes in actual circulation 1.829.045.000 F„ R. bank notes in circulation - net liability 11,000,000 All other liabilities ,___23,. 292,000 TOTAL LIABILITIES 4.166.122.000 Patio of gold reserves to net deposit and F. R. note liabilities combined 5S-2$ Ratio of total reserves to net deposit and F. R. ■"note 1 iab 11 it ies c omb ined oiAxjuivliLfi^ o i CO.viLJ^Sj R E S O U R C E S A M D 5 0 D F C S 5 — /'■ v r rn ’ July 20 , 1917 4£3*i;$ ,000 403 ,821 ,000 5?, 500 ,000 344,4140 ,000 423,889 ,000 1 . 960 . 052.000 55,932,000 2.015.984.000 1,159, 882,000 ______________ 169.393.000 1,439,346,000 4 77 . 526.000 107. 80Q .000 (a) Includes amount formerly shown against items Due from or Due to other Fi R. Banks . ,11,031 J & O 1-380,020 ,000 50,301 ■000 1,430,321 ,000 161,386 ,000 218.464,000 59*8% CLOD'S OF- July 12, 191 8 42g,73S,OOC 524 ,225 >C'CC 15,529.000 962.492.000 963.147.000 3 4,413, GOG 1.378.346.000 4 0 .2 7 3 .000 31.923.000 72,000 1.450.614.000 640,410,000 735,000 ____ a , 979,000 4 . 1 1 7 . 722.000 _____ 436.842.000 (a) 247,080,000 76 . 324.000 1 , 134,000 57,723,000 359,111,000 42.265.000 33.050.000 500,000 1.381.000 2.116.124.000 184.631.000 1.164.995.000 2 . 194 . 074.000 1.813.425.000 10,800,000 r__, 2 1 .96 5 .000 4 . 1 1 7 . 722.000 58.2 5 9 . 9 165.284.000 ____ 5,767.000 1.520.677.000 534.226.000 2.306.000 _____ 1, 19?. 000 2.116.124.000 7 6 .3 $ 7 9 - 1 J S W ' w^ juvLY norning July 21 , 131s, i^Oo earj. ier b P i.T ^ .^T OF RESOURCES AND LIABILITIES FOE. EACH OF THE FEBERA.L RESERVE La ^Xd iiT uLOoE OF xfuSliNESo JuLl -1^, R E S 0 U SCES Gold in-vault and in 'tr a n sit : Gold settlement fund, F.R.Board uold with foreign agencies Total gold held by banksGold with Federal Reserve Agents Gold redemption fund Total gold reserves Legal tender notes, silver, etcTotal reserves Bills dis.for members Sc F.R,Banks Bills bought in open market Total bills on hand U-S.Government long-term securities U.S.Government short-term ff All other earning assets Total earning assets Uncollected items (deduct from ^gross deposits) ’ 5fo Eedenp• fland against F.R.Bk.notes All other resources TOTAL RESOURCES LIABILITIES: Cap ital pa id in Surplus Government deposits Dus to members, reserve account Collection items Other dep*incl.foreign Govt.credits Total gross deposits F.R. notes in actual circulation F.R.Bank notes in cire.,net liab. All other liabilities TOTAL LIABILITIES Boston s ,=596 41,480 ,1 ,0 8 4 New York 51,160 56,651 545,513 280,282 1 ,0 3 5 1>U*«46 ,2,953 113,799 86,173 ,24.683 14,754 840,549 44,420 884,969 305,419 234,747 5.^47 409,170 104,561 110,856 513,731 1,129 1,559 i,4 l 6 3 , 17s __ ________________ -51 113,401 518,519 cusanas of dollars*) ^In tn Phila, Clevel. Richm, Atlanta Chicago St.Louis iVinn. Kans-Cy. Dallas San Fram. Total 428 853 ,589 3 9,,186 6,440 6,793 27,530 8,536 6..17- 17,537 1 *781 ’2^£ 556 ,’154 27,796 51,029 35.965 i6,6iU 11,188 54,923 25,910 1 5 , 3 1 1 28,756 12,435 .15,426 852 542 1,085 620 620 ____ J-I5542 465 2.169 1,00Q 503 46,185 29,803 19,151 52,703 76,546 23,596 18,446 84,622 28,311 24,467 100,778 106,672 33,115 30,872 139,597 31,553 23,718 33,588 14,010 89,454 940,290 34,6.55 1.251 1.040 3.500 444 2,121 2.226 1,900 32534,412 135*639 l 156,981 184-, 193 57,155 51 , 439227,628 62,090 50,085 64,431 211 695 373 610 588 2.618 897 220 308 _JLi-I54 135,350 2 ,93**095 36,166 157,676 184,566 57,765 52,027 230,246 62,987 50,305 64,739 ,203,346 53,348 1 31,852 71,909 90,514 57,761 33,749 191,461 57,150 51,399 68,860 205i912 19.162 1,550 2.491 410 12912,157 1 5.556 1.221 1.64-2 18.16 8 72,510 1 ,409,278 33,402 84,066 106,070 60,982 37,391 209,829 59,643 51,809 68,989 3,461 40,259 3,979 730 7,090 2,234 8,877 1,317 1,747 6,903 1,233 1,004 901 16,358 891 1,218 1,182 1,660 1,510 2,112 321 965 J2_ 28 JL5 86,995 114,633 63,725 39,101 219,031 62,198 54,017 79,084 38,314 76,975 1.465,993 1 . 2 3 5 - urn. 5 *+5,545 -- 144,889 - 71,137 772 273,517 1.668 1,550,045 1.212 317,020 6,474 75 l§,532 93,439 34,773 143,744 121,466 -1.758 273,517 19,967 649 31,339 5 , 9 7 5 , 4 4 8 - 6,939 64,436 37,112 15.687 3,604 2,830 -38 1.578 37.568 19,506 53,167 4l6 100 14 413 729 526 629 .514. 1.167 _24n 364-,209 l69,3r66 124,447 549,049 162,823 120,254 197,819 8,604- 16,921 661,336 100,609 110,019 4,886 47,147 32,676 98,505 3,399 116 10,861 3 ,H 5 4o 9,919 216 3,200 20,321 43,795 40,082 184,316 115,369 46,192 58,01+3 32,208 20,901 58,338 „105,606 ___ 6 2x113 _____ 310 . 913,’ 65O 151,687 185,293 86,864 64,189 265,108 607,890 157,340 168,717 77,316 56,366 268,790 -110 2,000 7,889 1,054 1,595. 1,171 Szl ■3,016 1 ,5 5 0 ,0 4 ^ 3 1 7 ,0 2 0 364,209 169,366 124,447 549,049 8,887 44,686 35,067 210 88 , 87O 69,314 10,295 65,773 30,480 6,561 3 3 64l 13,246 930 162,823 120,254 , 22 8,000 1x025. 658,588 33,085 84 137 751 Q 31£ 1,244 ?./6g5 90,335 247,238 4,166,122 2,9 98 5 5 . .1,-292 197,819 , 6 4 l 15,202 3,541 5 8 ,707 106,548 57,7 49 77,938 5 4,453 76,383 1,134 144,828 14,44-7 72,783 1 , 488, 04-7 16,218 - 2 , ,6 9 f i . 480,341 112.052 537470 107,138 2 , 225,268 32,984 133,175 1 , 829,045 890 11,000 1,542 2J_, 29,2 m 90,335 247,238 4,166,122 j-.ej ^ 1 Ox" oii.c-i.ticn Sox day morning July 21, 1918 D'lIO -ict earlier. STATEMENT OF FEEERAL RESERVE AGEWTS* ACCOUNTS AT CLOSE OF BUSINESS (In thousands of dollars.) "PUERAL RESERVE NOTES ' ew York Phila- Clevel. Richm.Atlanta Received from Comptroller ^ p p n ’ cf? 222 ’ 7pO 114,720 96,740 Returned to Comptroller Chargeable to F.R.Agent P7, ’ 800 l Pi *linn s9>537 76,978 In hands of F. R. Agent 6,905 is,775 Issued to .e'.R.Bank less amount returned to F.R.AgSnt for redemption JULY 1 9 , 1918 Chicago St .Louis, Minn. 370, 580 102,800 3*48,111 U9. 3U0 n A o .____^f®’^ _ _ _ ^ .0 9 9 ^ i 7 0 ,3 ^ 5 1 ^ 8 5 2 ^ffi.632 58, 203293,771 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and certificates on hand Gold redemption fund 7,151 Gold Settlement Fund, F.R.Board 49 ,500 Eligible paper, minimum required 69,940 Total 126,591 Total 71,380 109,700 08 ,500 l<-<, 930 2 742,660 4 ^ ^ 6 2 3 isifeo ti:$ ’I d : ™ 63,219 90 , 677 " 51,670 l4 c M 57 2 , 2S2 .533 & .6 2 0 1 7 J r , _|iJ o 73,356 55,264 34,057 33 , 79511*5, 6 3 8 1 , 982,603 11 i'i II i'S mii 1:S „*» “:S ,5§! is 331 1^9,174 ^ AMOUNT OF ELIGIBLE PAPER DELIVERED TO F. R. AGENT 110 ,856 18: 12^ 84, 676 Kans. Cy. Dallas San Fran 513,730 74,509 103,495 82,632 58,203 298,771 60,226 29,642 202,533 Ul ,,803__ 15,546 73,356 59.264 495 47,756 50,469 19,785 84,057 3 3 , 79 5 14 5 ,6 38 1 , 932,603 s 6,184 1,042,313 62,989 33,402 62,093 1 , 356,726 M E M 0 R A N I) A FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION. F. R- Notes outstanding F. R. notes held by bank F. K. Hotes in a o t ^ l circulation 126,591 6S'?no S2,SiZr 5Z,2°3 29S'771 73,356 59' 2 & 8“*'°57 33,795 11*5.638 1,982,603 - 5025 6,119 811 12^ 12 .UQ6J 153,558 153 , 55s I i T % 6 M r 8 q 0 l ^ f i E T f e 7 f ? - ^ f ^ - E H i f 3 S 4 l ^ ^ ? ^ - i ^___ 6 ^ n9 811 507 , 8 9 0 1 5 7 , 3 4 0 1 6 8 ,7 1 7 77 ,3 1 6 56,366 2^ 8,790 6973! ^ 5T 7T 4T — ^ 7T 938 ~ T 27 ^ ^ I 3 J 7 I 7 5 X ^ 2 ^ 4 5 DISTRIBUTION OF BILLS, U.S. GOVERNMENT SHORT-TERM SECURITIES AND WARRANTS BY MATURITIES. ' Within 15 days Bills discounted and bought U-S. Government short-term securities Municipal warrants 797,513 16 to 30 days 220,406 1,675 5 31 to 60 days 208,306 750 51 6l to 90 days 142,630 M 3 5 Over 90 days 49,373 9,798 10 Total 1 , 409,278 16,358 66 ^' . ou*iuay morning July 2 ± 1B4£“T SH° fiSG PBI" ° IPAL « l^iP' cg f « ^ K3 ^ b b ^ , HI i-iVili J l i v L GJ.1j-.Jj. AS CLOSE OF BUSINESS JULY 12, 1918. (In thousands of dollars.) u-llC St.Louis. Minn. Kans.Cy. Dallas San Fran. 34 95 72 32 42 45 - ,L_GiEL 1 * Bata f or ili_X3ESl;tMl. banks in ,- -Boston iTo . reporting banks Total J»S. bonds to secure 70S c irculat icaa Other U.S. bonds including IS776 17 417 6,.319 14,023 17.629 34,539 271,138 Liberty bonds U. S. Certificates of 75, S67 21,959 9,551 16,484 15,516 21,631 556,744 indebtedness 37,577 392,21+5 32,359 47,078 Total U .S. securities 16,158 17, 7U 32,929 26,861 18,036 21, 397 11,169 30,674 735,194 65,224 704,646 67,632 145,150 66,828 52,269 Loans secured by U .S. 177,572 66,237 33,906 52, 4o4 44 ,314- 86,894 1,563,076 bonds, etc. Us,219 21(7 ,025 38,93 6 3 4 ,025 17,772 6, 2S9 All other loans and 53,552 14,731 4,962 4,744 5,94s s /714 484,917 investments Beserve with F,R. bank Iz'.lll ^ ' 1 , 1 9777 'o ^ ^ ’ f 5 l '3S5’ 5lt5 377 , 69* 252,761 466 , 945 165,063 587,530 10,572,556 Cash in vault 27!790 K S t 1,1 3^ , 1^ 4o,726 i 4 , 574 i l k 7 1,141,555 Net demand deposits 662 , 208 4 , 337,625 568 ,486 704 049 262*868 i icn f>7,s99 16,355 11,284 21,609 370,925 Ti«e deposits m . m 15,765 2 2 9 ■*? 4 <:aio • ? S , U l 25 S, Z i! 331,237 9 , 021,521 GovernRient deposits ___ >0 61,820 25,901 108,936 1,406,614 2 . Data for banks in each Central 2 M 7 & — 6 , 8 8 9 - , ^ 7 ..... . m s , 614er reporting be____ i'few York Chicago St.Louis Total Cen.Res.Cities Reserve Cities Country Banks July 12-- July 5 July 12 July 12 Total July 12— July $ No* reporting banks July 12July 5 July 12 — -July 5 6s 68 ly 5 July 12-Ju 40 14 122 122 U.S. bonds to secure 423 421 163 153 70S 696 circulation 37,-633 37,736 1,469 10,392 49,499 Other U- S. bonds including 171 ,928 49,597 •172, 836 49,711 1+7,49]. 271,133 269,954 Liberty bonds 234, 21*3 229,923 46,232 296,050 15,575 294,622 212,057 U* S. certificates of 217,593 48,637 49,021 556,744 5ol, 23b . indebtedness 377,208 310,075 45,390 20,790 443 ,388 364,103 Total U,S* securities 249,226 214,652 42,530 33,354 577,734 93,091 649,089 708,322 46,757 738,937 633,211 Loans secured by U. S. 605.111 1 4 0 ,9 2 8 i f t j g 1 ,735,19^ $ ; ^ , , 612,609 ^ “ 9 bonds, etc-. 223,181 225, 6 3 7 ; J S , 909 11 , 91)9 274,039 271,013 182,161 All other loans and in 1 8 4 ,5 2 4 28,717 2 3 ,2 4 1 4 s4 ,9 1 7 77# vestments Reserve with F* R, bank 39a858 5 '662,'to ^ ’ ^ 4 vS’ * 1 10-572-556 10,532,131 Cash in vault Net demand deposits 4, 038:568 3.898; 195 6?6,'o^6 1 ^ 4 7 2 4 s & l l t “* 74°’ 509 3 3 o c3 ®'615 35’ ^ Ti^ie deposits Gov erncient depos it s I S S - 8 W 9 S S S : S M ! & g q | | ■ Released for publication Sunday morning July 28, 19IS. Not earlier. STATEMENT JOE THE PRESS. X-10S9 July 27 , 191S. Substantial increases- in discount activity, also considerable gains in Government^deposits by the Reserve banks outside of l-'ev/ York and Boston, are indicated ill the federal Reserve Board's weekly statement iss’aed as at close of business on / July 26, 191S, IiWESTiJSLfTSAll the banks, except . Hew York report net additions to discoun ted bills on hand, Chicago, San Francisco, Philadelphia and Kansas City showing the largest gains. Of the total discounts on hand, $675 , 665,000 as against $601,403,000 tho week before is represented by war paper, i .e ., member banks' notes secured by ovemment war obligations and customers' paper similarly secured. No appreciable changes are shown in other earning assets, including acceptances and U.S. securities DEPOSITS; Government deposits at all banks, except Boston and New York, show considerable increases, the total gain for the week being S3.2 millions. Members' reserve deposits fell off 52*9 millions, all the banks except Xansas City report ing net reductions in reserve balances, apparently as the result of payment by mem ber banks for Treasury certificates of the more recent issues. Net deposits show an increase for the week of 56.2 millions. RESERVES: Gold reserves decreased by 1.2 millions and total cash reserves by l.o millions. The amount of gold held with foreign agencies shows a further reduc tion to 11.6 millions, as against 5^*5 millions held during the first half of the year. ^The ratio of total reserves to aggregate deposit and Federal Reserve note liabilities declined from 59*2 to 5S.I per cent. • — CIRCULATION: During the week the Agents issued 16.9 millions net of Feder al eserve notes.^ The banks report an increase of 4-1.8 millions of Federal Reserve notes in actual circulation besides a snail increase in their liability on Federal Reserve bank notes in circulation. Payment by newly admitted members for Federal Reserve bank stock ac counts^ largely for an increase of $ 53,000 in paid-in capital, Richmond, Minneapolis and Chicago reporting the largest increases for the week. CONDITION OF MEMBER BANKS, JULY 1 9 , 1913 , tion ht*?* r®^uctions in the holdings of Treasury certificates following the redemp tion by the Government on July IS of the balance of the A p r i l 22 certificate i s s u e accompanied by slightly larger withdrawals of Government deposits are indicated by* the weekly statement of condition on July 19 of 717 member banks in leading cities. g res or the Dallas district for the latter date were not available and July 12 figures had therefore to be repeated in the consolidated statement. U.S. bonds, other than circulation bonds, on hand increased 33.9 millions, apt ific a t L af el i eof?SSn^ f inStallnEnt d*e on July IS. Treasury certll ™n } xonsl 150 millions representing the decrease for Z Ci\y banks* Loans sec^ d V u -s « obligations show a de crease for the week of 1 1 .2 millions, while other loans and investments increased . i L n t ' t J f ! ? ’ F^ r a11 reP0rtinS tenfes th® ratio of U.S. war obligations and ' iT L n t 1 <^ o b l i g a t i o n s to total loans and investments works out at 12-9 city oanks. Wet demand deposits of all reporting banks fell off m o 7 n » n « , t r i M l i l V *6 ‘ he 03,ltral c « i ^ a i 2 30 S S’ slight decreases are shown for time deposits. Total reserves increased IQ 4 mill *° t o o s l t t V a l w / f ? - lTei y iargf °utslde Greater lfew ^ 4ecllne 0ash ln sh0»= 111 d"P0.its, the ratio of investments to For thu deposits of all reporting banks shows a rise from 122.3 to 124.7 per Cent. «t T Z eZ l i l l % =ant s V isa of this r a t i “ frM1 the from 14 M n ^ combined reserve and cash to deposits shows a further increase from 14-7 to 15.3 per cent for all reporting banks and from 15,7 to 16.3 per cent for the central reserve city banks. Total excess reserves, in the calculation of vU aCC° 1S taken of Governmant deposits, increased from £9.9 to 102*7 mill ions, the greater part of the gain falling to the share of the banks outside the central reserve cities. P le a s e d for publication Sunday morning July 28, 19I 8- Not earlier. STAOHffiNT OF COrffiDJED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BA1CCS AT CLOSE OF BUSINESS JULY 26 Gold in va-ult and in Gold settlement fund, ¥ Beard Gold with°F ri SA 4. Gold with Federal Reserve Agents G o W Redemption Fund reserves I . ^ender notes, silver, etc. reser! e® ^ i-Us discounted for members and j?.R. Banks 1Total 0b i n s 1^ ° h ^ Barket II S C rvo ? ? + • 4 U. S. Government long-term securities U S.Government short-term securities Ail other earning assets xotal earning assets Lnco.lected items (Deduct from gross deposits) " f ! , K p a l d 1918 y 26* • 3“ * 1,028,417.000 910,420,000 _Jlti^000_ 1,974,200,000 55 , 129,000 2 , 029, 329,000 1 , 302, 151,000 “ , 551647.000 2 , 031 , 095,000 1 , 203,346,000 205,932.000 1,409,278,000 40,259,000 16 , 358,000 qg .000 l',465,993 000 658, 588,000 (a) ^ X ■ 1,134,000 76 , t o , 000 1,134,000 233>040,0C0 1,1*35,196,000 1*01,186,000 76.383,000 27, 1917 _ 57,825,000 4,166,122,000 2L . a 2, PQ0 4,165,403,000 JESLOQQ 2, 021, 237,000 llflgglooo 2,021,237,000 112 052 000 2,181,262,000 1,870,835,000 11,084,000 195,097,000 333,556,000 41,135,000 3 5,818,000 1.769.000 412 278 000 650!000 2,225,268,000 1,829,045,000 1 1 , 000,000 1*S0,3U1,000 111.840.000 919,003,000 434,193 COO 9,0g7 ,000 1,362,263,000 51 , 789loQQ 1 , 414 *052,000 138, 459, 000. ll+3 032 000 1,135 1*56’ 000 137 SI1; ’ 000 Q Rk7 nnn 1 . 4 2 5 ^ .000 534,015,000 2 459 000 144,828,000 1 , ItSS.Ol^OOO 56-5$ 58-2$ 77 1^ 5 8 .1% 53*8$ . go.ijg (a) Includes amount formerly shown against items Due from or Due to other F. R„ Banks 340,290,000 _ _ 3 4 , 655^00 1,975,448,000 I 2^ I , m Ratio of ^ * * * .* m t io of gold reserves to net deposit and F, R. note liabilities combined Ratio of total reserves to nefr deposit and F, R» note liabilities combined 1,000,503,000 :? K r , s 191* U60,764,000 — §05x214^000 1,507,425,000 40,090,000 16 , 922,000 _______ 1 ^ 0 0 0 1,564,540,000 552,392,000 notes uuiplus overnment deposits fee to members - Beserre accost Collection items Other deposits including foreign government credits Total gross deposits p p* w 8 1f actl3a l .cil‘° lllati 0" F. R. banknotes in circulation - net liability ^ X-intfct, 1918. nst. Released for publication Sunday morning July 2?, 1918 . Hot earlier. • X-1089b WEEKLY STATMENT OF RESOURCES Ai-ID LIABILITIES FOB EA.CH OF THE FEDERAL RESERVE BAHKS AT CLOSE OF BUSINESS JULY 26, 1918. (in thousands of dollars.) R E S O U R C E S Boston Uew York Phila. Clevel. Richm. Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Fran. Total Gold in vault and in transit g,088 299,344 1,104 35,230 6,330 6,898 27,419 1,693 8,710 337 6,229 16,130 418,012 Gold settlement fund, F.R.Board 38,787 253,326 49,728 46,791 19.2*18 19,616 50,1+77 22,26l l6,34l 37,438 13,153 31,611 598,777 ____ Slit--- 4,012.. 8lU....1 ..C-46.______4G?______ 3 U9 1,628 Ufa r.Ei U07 ftfO II a6?ft Gold with foreign agencies Total gold held by banks 47,689 557,182 51,646 83,067 25,985 26,863 79,524 24,419 25, 51$ 38,356 19,789 4 8 ,3 8 1 1 ,0 2 8 ,4 1 7 Gold.with Federal Reserve Agents 56,445 279,859 99,389 110,629 32,950 26,339 118,392 31,496 23 ,596 33,497 13,980 83,848 910,420 Gold redemption fund -3-165____ ^ 5 ® ________________ 965— '___3-0-5___ 2 ___ 3^556 . 2 r40? ?,039 1 ,0 35 l , 2g0 — 35,363 Total geld reserves 107,299 851,866 154,535 194,661 59,24o 55,473 201,472 58,317 51,151 72,938 35,019 132,229 1 ,9 7 ^ 2 0 0 Legal tender notes, silver, etc. 2,564 44,197 687 357 697 629 2.913 918 139 295 1,524 209 55.129 Total reserves 103,863 896,063 155,222 195,018 59,937 56,102 204,385 59,235 51,290 73,233 36,543 132,438 2 , 029,329 Bills dii-.fer members & F.R.Banks 91,174 396,395 81,391 99,025 59,810 38,262 238,44l 59,666 55,690 78,255 3 8,216 65,826 1,302,151 Bills boMght in open market 24,297 104.033 13.430 15,776 4,118 3 ,5 63 17.284 2.373 4l0 129 1.320 18.541 205.274 Total tills on hand 115,471 500,428 94,821 114,801 63,928 41,825 255,725 62,039 56,100 78,384 3 9 , 536 84,367 1 , 507,425 U *s. Gcrve.-miteiit long-term securities 1,122 1,557 1,747 6,704 1,233 771 7,090 2,233 1,317 8,876 3,979 '3.461 40,090 U.S.Government short-term " l,4l6 3,548 1,232 1,690 1,510 983 2,112 321 946 1,259 901 1,004 16,922 All oth^r earning assets ------ 51--- ---- ----- ----- 15_________ _________ ___ ______ ___ _______ 37 ------- 103 Total earning as nets 118,009 505,584 97 , 800123,195 66,671 43,594 264,927 64,593 58,363 88,519 44,453 88,832 1.564,540 Uncollected items (deduct from 33,930 Il4 ,l4 4 64,902 50,957 38,457 28,645 83,002 34,032 n , 66l 52,420 13,269 32,973 558,392 grocs deposits) 5$ Eedempvf-und against F.R.Bk.notes -----14 94 --372 137 84 7 OI All other resources 7 80_____ 3.060 1 .2 64______57 2 1.383______ 663 1 .514______514_____ 236 0 157______524 1.574 12.44l total resources 262,582 1,518,851 319,188 369,742 166 , 44s 129,018 553,922 158,374 121,550 214,901 94,926 255,901 4 , 165,403 L I A B I L I T I E S Capital paid in 6,474 19,967 6,939 8,610 3,917 3,117 9,929 3,6o4 2,846 3,542 3,001 4,495 76,44i Surplus 75 649 — — 116 -40 216 — 38 — — — 1 , 131* Government deposits 15,178 7,539 17,783 20,956 11,156 14,246 38,782 16,756 15,347 30,035 16,963 28,299 233,040 Due to members, reserve account 86,021 660,176 81,124 103,970 42,920 34,923 177,731 42,330 35,869 70,847 30,669 68, 6l 6 1,435,196 Collection items 27,24s 98,039 49,356 56,494 28,285 18,675 45,483 .21,623 8,293 21,828 10,571 15,291 4 01 ,1S6 Other dep. incl .foreign Govt.Credits 103.625 ----- 393______rrr________ 5___ 4^785 234_______ 54-_____ ---_______ 28 ? r7 l 6 l l l rS40 Total gross deposits 128,447 869,379 148,263 181 ,813 82,361 67,849 266,781 80,943 59, 563122,710 58,231 114,922 2,181,262 F.R. notes in actual circulation 125,759 620,439 162,918 177,616 78,819 57,237 271,777 72,726 58,0g£ 78,761 32,750 133,945 1,870,835 F.R.Bank notes in circ-,net liab. -----110 1,998 --7,990 -986 11,084 All other liabilities 1.827 8.417 1.068 . 1 .703___ U 3 5 ______6£5__ -1..221___ 1, 101 1,015.___1 . -898 944 1.553 2 4 r6U7 TOTAL LIABILITIES 262,582 1 , 518,851 319,188 369,742 166,448 129,018 553,922 158,374 121,550 214,901 94,926 255,901 4 , 165,403 Released for publication Sunday morning July 2S4 191S Not earlier. x - i o s 9 c STATEMENT OF FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS JULY 26, 1918(in thousands of dollars.) Kans.Cy. Dallas San Fran. Total Boston New York Phila, Clevel. Richm. Atlanta Chicago St.Louis Minn FEDERAL HESERVE NOTES: Received from Comptroller 186, 640 1, 012, 080 230, 240 230, 000 116, 820 96, 740 372, 860 102, 800 78, 580 111, 700 68, 500 156, 980 2, 763,940 151,685 22,800 785,755 189,996 210,509 121,400 14,540 20,800 91,319 6,365 76,695 349,467 17,735 50,900 84,020 7,050 63,697 4.555 92,463 8.220 51,432 145,032 18,225 2,292,070 292.590 128,885 664,355 175,456 189,709 84,954 58,960 298,567 76,970 59,142 84,243 33,207 145,032 1,999,480 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin-and certificates csn hand --. Gold redemption f-uiia 6,945 Gold settlement fund, F^R.Board 49,500 Eligible paper, minimum required 72,440 Total 128,885 .163,740 11,312 16,119 8,655 9,317 100,000 90,734 90,000 384^496 76,067 79,080 664,355 175,456 189,709 450 32,500 52,004 84,954 2, 504 2,265 549 21,570 117,843 32.621 180.175 58,960 298, 567 1,866 29 , 630 45.474 76,970 13,102 994 9,500 35.546 59,142 2/137 31,360 50.746 84,243 11,581 8,747 1,815 584 75,101 19.227 61,184 33,207 145,032 202,239 59,859 648,322 1.0 89 .06 0 1,999,480 AMOUNT OF ELIGIBLE PAPER DELIVERED TO F. R. AGENT 115,471 500,428 61,784 32,744 243,859 54,296 51,812 78,384 39,536 73,253 1,453,246 33,207 145,032 457 11.087 32,750 133,945 1,999,480 128.645 1,870,835 Chargeable to F.R.Agent In hands of F.R* Agent Issued to F.R. bank less amount returned to F.R. Agent for re demption 87,415 114,264 M I M O R A N D A FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F. R. notes outstanding F* R- notes held by bank F.R.notes in actual circulation 128,885 3,126 125,759 664,355 175,456 189,709 43,916 12,538 12,093 620,439 162,918 177,616 84,954 6,135 78,819 58,960 298,567 1.723 26,790 57,237 271,777 76,970 4.244 72,726 59,142 1,054 58,088 84,243 5.482 78,761 DISTRIBUTION OF BILLS, U.S.GOVERNMENT SHORT-TERM SECURITIES AND WARRANTS BY MATURITIES. Bills discounted and bought U.S.Government short-term securities Municipal warrants Within 15 days 884,111 2,045 4 16 to 30 days 200,758 31 to 60 days 240,900 350 51 6l to 90 days 141,331 4,155 1 Over 90 days 40, 325 10^372 10 Total 1,507,425 16,923 66 I Released for publication Sunday morning July 28, 1918. Not earlier. X-1089d STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BASKS LOCATED IN CENTRAL RESERVE, RESERVE AND OTHER SELECTED CITIES AS AT CLOSE OF BUSINESS JULY 1$, 19IS. 1. Data for all reporting banks in each district. _________ (In thousands of dollars.) Boston New York Phila. Clevel. Richm. Atlanta Chicago St,Louis Mirm. Kans.Cy. Dallas San Fran* Total No- reporting banks 42 101 1+9 85 42 73 43 32 3U 95 4s 717 73 July 1P. U. S» bonds to secure figures . „ circulation lk , 621 12,776 17,^17 51, 92612.970 *±3,539 24,565 15,590 6,469 14,051 17>629 34,655 272,268 Other U. S. bonds including Liberty bonds 258,304 25,905 57 , 1+22 31,030 27,434 1^,991 82,322 23,^96 12,649 18,817 15,516 23,243 591,729 U, Si certificates of indebtedness 29,799 255,329 26,070 37,245 1^,375 12,717 69,712 17,217 12 , 29s 18,624 11,169 25,555 530,170 Total U, S» securities 59,411 565,679 64,945 132,206 69,970 55,7^1 170,870 5s, 130 131 , 1,39^,227 Loans secured by U. S» bonds, etc. 45,905 230,153 42,584 37,530 12,625 5,385 53,39*+ 14,733 5,975 ^,381 5,948 9,151 473,824 All other loans and . investments GlS’ S3k S13’ Sl} 2 7 4 , 8 1 4 4 , 7 4 3 3 6 7 , 6 5 4 2 5 3 , 1 9 8 4 7 1 , 7 7 2 1 6 5 , 0 6 3 5 1 5 , 7 6 2 10 ,531,3^7 Reserve with F.R* bank 6 6 , 6 5 4 6 1 ^ , 2 0 0 6 5 , 7 1 7 7 9 , 9 0 4 2 7 , 1 8 6 2 5 , 2 0 4 1 3 5 , 7 3 5 3 0 212 1 7 , 8 7 3 4 2 , 2 8 7 4 4 , 6 5 5 1 , 162,111 Cash in vatiJ t 2 6 , 6 9 5 1 2 2 , 0 3 0 2 0 , 8 8 0 3 6 , 2 0 7 1 7 , 1 7 9 5 2 , 5 2 2 1 2 , 3 2 6 8 , 2 0 7 1 5 , 7 0 6 1 1 , 2 8 4 2 0 , 2 8 5 364,387 Net demand deposits 6l’9 ;4 b 6 4 2 5 2 , 9 3 7 5 6 1 , 6 5 2 6 9 9 , 5 1 1 2 6 6 , 3 5 2 1 9 5 9 ^ 7 1 0 1 6 , 8 5 5 2 5 0 0 2 1 6 0 , 1 3 5 3 5 9 , 1 0 4 1 3 7 , 0 6 5 3 7 3 , 6 1 1 8 , 922,663 Time deposits 9 3 , 8 3 2 2 6 5 , 6 1 9 1 5 3 4 0 2 2 6 , 0 3 5 4 7 , 0 1 7 8 2 , 9 8 3 3 5 6 * 7 6 6 7 4 , 4 0 7 4 4 2 6 2 , 0 9 2 2 5 9 0 1 1 1 2 , 4 6 2 1,408,734 Gov ernment d 30osits_____ _ G2+3 M 3 2 1 2 4 0 1 5 2 4 7 2 1 . 1 1 0 1 8 , 9 7 6 1 2 . 9 9 9 6.889 1 1 . 4 7 0 ____ 6.03.^55 2 . Data for banks in each Central Reserve city, banks in all other reserve cities, and other reporting banks. Hew York Chicago St .Louis Total Cen.Res.Cit ies Reserve Cities Country Banks Total July 19-— July 12 • July 19 July 19 July 19--July 12 July 19--July 12 July 19--July 12 July 19--July 12 Eo. reporting 'banks 6s 68 40 14 122 122 430 428 165 163 717 713 U*S. bonds to secure 3 5 1 . 9 9 8 l , l i , 1 , 4 , 3 4 1 , , , ^ — , 3 - Q j - 5 3 2 _ . 3 6 -j. 3 5 1 — l & l f X Q . ....... , , 5 7 4 s , — 4 6 — 1 4 & . S g o * , 0 3 _______ ' circulation Other U-S* bonds including Liberty bonds U.S* certificates of indebtedness Total U-S* securities Loans secured by U*S. bonds, etc. All other loans and in vestments Reserve with F*R* bank Cash in vault Net demnd deposits Time deposits Government deposits 37,643 37,63 8 1,46^9 10,392 49,504 49,499 172,883 173,553 49,881 ^9,711 272,268 272,763 55,722 48,637 591,789 557,892 35,336 42,580 530,170 230,717 234,243 47,55^ 16,497 294, 76s 2$S,c 2$ 841,233 213,205 242,396 510,756 377,208 649,089 39,191 88,214 11,627 32,576 293,274 637,5^6 443,328 722,937 201,560 615,676 249,816 636, 57^ 206,522 223,181 38,303 11,966 256,791 274,039 187,580 182,304 29,453 4 , 008,026 4 , o 4i ,478 259,926 590,612 96,552 522,713 108,961 114,798 34 ,662 3 ,9 ^ ,3 7 3 4, 038,568 692,770 216,711 139,070 215,771 299,812 419,927 32,077 277,293 22,564 17^,015 177,136 178,182 1 53,359 28,717 473,824 735,784 1 , 566,439 485,060 ! 6,487 16,918 141,005 140,928 1 , 39^,227 ----- ^ 150,110 408,200 348,807 1 ----- ~ 155,732 0^ 0, ixo 408,715 508,061 ^ 806, ;666 246,415 JL , JLXJL 40,262 38,615 364,387 371,^83 b5 i ,b 5b b5l ,835 8 , 922,663 9 , 032,371 205,311 193 , ? 6s 196,322 1 , 408,734 1 , 410,345 263,113 38,633 44,705 603,855 815,879
@FedFRASER