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Released, for publication Sunday morning June 1, 19195 n°t earlier. St. 41' statement f o r the p r e s s . May 31, 193-9 • Farther gains of about 9 millions in Gold Reserves as the result of Government deposits and increases of 50*5 millions in War paper and other discounts on hand are indicated in the Federal Reserve Board's weekly bank statement issued as at close of business on Thursday May 29) 1919* instead of Friday May 30, which was observed as a holiday by most of the Federal Reserve banks and branches. Holdings of War paper increased 4-0,4 millions and those of other dis counts 10.1 millions, while acceptances on hand declined 9*5 millions. An increase of 2.1 millions is shown in the holdings of Treasury Certificates, ', chiefly of the 2-percent type to secure Federal Reserve banknotes. Total earning assets of the Reserve banks increased 43 .1 millions. Paper held "under discount for other F. R. banks increased from IO9.3 to 112.9 millions, while the total of bankers1 acceptances includes $S5S ,000 bought from other F. R. banks with the latters 1 endorsement and 26.4 mil lions bought from other reserve banks without such endorscrBnt. As against an increase of 4l*5 millions in Government deposits there is shown an almost equal decrease in reserve deposits. Net deposits show an increase of 33*^ millions, while F. R> note circulation shows an addition for the week of 15 millions, She result'is seen in a decline of the banks1 re serve percentage from 5^*3 to $1*8 per cent, notwithstanding a gain of 7 millions in total cash reserves. Released for publication Sunday morning June 1, 1919, not earlier1Q1Q S t. ^lOa STATEMENT OF COL'IBIIIED RESOURCES AMD LIABILITIES OF TEE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS 11A.Y R E S O U R C E S Gold coin and certificates Gold settlement Fund - F.R. Board Mav 29. 1919$346,618,000 5g6 ,742,000 Gold w ith fo r e ig n agencies Total gold h e ld by banks Gold with Federal Reserve Agents 9 3 3 ,3 6 0 ,0 0 0 1 ,1 3 1 ,7 2 5 ,0 0 0 Gold redemption fund Total gold reserves Legal tender notes, silver, e tc . Total reserves B i l l s discounted (Secured by Gov't-war (A ll other B i l l s bought in open market Total b i l l s on hand U . S. Government bonds tj s- Victory Kotos u ! s . c e r tific a te s of indebtedness ,L . A l l other earning assets Total earning assets 122 ^ obligations 19.1.3 $ 3 ^ 6 ,9 9 7 ,0 0 0 141,479,000 Deferred availability items deposits, including foreign government .credits O t h e r To « gross deposits ......... _ _ _ ■ •■ r- 5 7 . 8 g l igQg r I p ’ o o ^ ’qOO ’j ^ ’ooo 3o S ,;7 ; ; ’ nnn W 1 ,1 5 3 ,7 .) , ^ 5 ,2 * 9 2 ,082,000 730,000 innTnnr 1,301,3^0,00C. Tn, ~ 408,137, ou h ^ ’nr.n ^ g u O 3 ,6oo,300,000 8 2 ,5 8 9 ,0 0 0 8 2 ,5 5 3 ,0 0 0 7 5 , ^ . 6,000 4 9 ,466,000 1 , 134,000 16 6 ,191,000 qn OQO 000 1 , 697,52^,000 517,638,000 150.324,000 i S ’^Jp’oco __ . 1+9 ’5+6 6 ’ coo ^’ ’ 1,656,118,000 F. R. notes in actual circulation F. R> bank notes in circulation-net liability 3 6 .452.000 All other liabilities TOTAL LIABILITIES Ratio of total reserves to net deposit and F. E* note liabilities combined . Ratio of gold reserves to F.R. notes in . after setting aside 35$ against net deposit liabilities, 5 , 310 , 23^,000 ’ nnn 1,917, S 2,35^,967,000 10 >97°, 679,793,000 I ’? 1 ’22!? 7 7 ’05q~ ' cp rOO 000 2 ,1 7 2 ,7 3 9 ,0 0 0 --- & 9 ,19 ^,O Q g 2 >2^7 >933 > 0 1 7 6 ,3 7 9 ,0 0 0 — 1,93 >13.1^99.0. 2 ,1 3 2 ,0 5 3 ,0 0 0 27,14-9,000 1( ,000 1 9 9 ,7 ^ ,0 0 0 _ --- :— ’S o K ’ oiil’onn o S ’ m o ’nnn ^ 5 5 .9 1 9 , ^ 2 ,1 8 7 ,7 ^ 3 ,0 0 0 6 7 . ^ 6 ^ ,000 2 ,2 5 5 ,1 0 6 ,0 0 0 1 ,2 0 2 S 9 3 ,000 1 8 6 ,^ 9 9 ,0 0 0 183 ,6 50 ,000 2 ,1 7 3 ,0 4 2 ,0 0 0 2 7 ,1 3 1 ,0 0 0 £>3,000 2 0 1 ,8 0 0 ,0 0 0 • _________ 2---- j.7Q w -=— _ 9 1 8 ,9 9 8 ,0 0 0 1 ,1 3 9 ,8 2 5 ,0 0 0 2,402,056,000 Bank premises 10,986,000 Uncollected items and other deductions from gross deposits 634,63^,000 5% Redemption fund against F.R. bank notes 8 , 963,000 i l l othe r resources _10^^ 000 TOTAL RESOURCES 5,321,735,000 Surplus Government deposits Dae to members - Reserve account itf-Ly* 5 ^2 ,001,000 8 .000 L I A B I L I T I E S Capital paid-in <*}, ,13S,,.QC0 t g l M w 16 8 ,4-27,000 1 6 7 , 208,000 _________________________35,451,000 c 321,785,000 5 >3l6,23^ ,°00 ’ 5 1 . 8^ 52*31° 6 4 .1% * i n c ludes One-Year T r e a s S /f o t e s . ^ , . kkn kiVnnn , 3 100^ ^ 3 *000 -li--.. l ^ ^ O O O 8,324,000 — _ ,,5i,5?3..i.QQO 3,686,300,000 62.0^ Released for publication Sunday morning 'June 1, 1919J not earlier. St.4l0-b m m .Y STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMKS AT CLOSE OF BUSII'IESS MAY 29, 1919* R E S O U R C E S (in thousands of dollars-) San Fran. Total Boston New York phi la» C‘^ve.1* ; PiiohiiAtlanta Chicago3t*Louis Minn. Kans.Cy Dallas 7,256 9,342 346,618 Gold coin and certificates--3.639 252,Sto 650 27,352 2,2*0 J,S£S 2 3 , 1 $ 3,505 8,358 62 6,792 34 ,9 11 586,742 G o l d S e t t le m e n t F u n d - F.R.Board 4?,971 1S6,7S6 44,012 45,801 2b jl6 16,892 87,57527,905 .21,467 3 9 ,9 1 1 933,360 T o t a l g o l d h e l d b y b a n k s --517^10 44,bb2 7 3 , 11,3 28,956 24, 76 O 110,691 31,310 29,825 39,976 14, o4g ~44,253 105,269 1 , 131,725 16,59^ Gold with Federal Reserve Agents 56,893 286,920 68,375 130,019 31,55^ 4 2 ,592 2o6,4S5 ^6,804 4o,2d3 29,957 2,036 122,658 2 ,4 i 3_ Gold redemption fu n d ------lU,26S 2^,9^2 1^,303 1,659 8?UoU .5«8C6 151 , 55 s 2 , 187,743 33,055 Total gold reserves ------- 122*771 751,^88 127,3^0 20^,821 6S,9l5 73 *15S 404,006 9J>>173 75*632 81,827 242 67.363 2.136 1 , 7‘-'3 . 928 2,3.02______ 106--- 122_ Legal tender notes, silver, etc. 7.356 50.6s4 303 1.005_____ 399 3 5 ,19 1 151,800 2,255,106 Total reserves---------- 130,127 802,172 127,643 205,S2b 69,313 7^>56l 4o4,934 95,^82 75,738 82,019 Bills discounted: Secure d by Gov' t. war obligations (a)-------- 146,19 1 703 , 252 153,577 131,404 81,594 72,198 228,140 6l,o23 45, 1S4 53,028 25, SS7 70,815 1 ,5 0 2 , 833 1 S6 , 499 5,4ss 26,677 13,012 6,785 12,503 13,011 is,6o4 8,350 5,361 30,312 26,927 13,469 All other------------_ 153,150 83 S 49,197 Bills bought in open uarket (b)- 14,673 44.853 1.113 21,364 6,760 5 . 283 27,640 4 , 264 7 088 £ Total bills on hand------- 166,352 774,782 197,702 159,553 100,S57 90,492 274,384 74,237 57,633 89,917 53,652 "1337581 2,173,042 2,632 3,966 2 7,13 1 U.S.Government bonds------539 1,302 1,385 1,083 1,234 377 4,477 1,153 H6 8,867 .s3 U.S.Victory notes--------l6 50 _ _ _ 7 10 201 ,500 7,450 4,900 U.S-certificates of indebtedness 16,916 6S,4C2 19,690 16,467 5,860 _ 9.584 21,642 15,182 9,171 6,456 2 ,402,055 Total earning assets--- -- 183 S557bl6 215,777 177,103 107,951 100^460 3 00,503 90,57 2 66,930 105,240 6 2 3 IS 400 10 ;956 221 Bank premises-----------800 3,782 500 875 312 2lo 2,936 5^1 ~ ^01 2 b , o } 0 1 J _ , 3 2 5 Uncollected items and other 63.4,639 deductions from gross deposits ^ 51,919 154,077 59,387 57,242 43,542 31,933 7 7 ,S 6 l 39 . 36 S 14,705 52,261 24,351 27,963. 5$ Redemption Fund against 4os s , 963 379 F* R* bank: n o t e s --------S4o 1,803 975 SOS ISO b&p 1,376 615 357 73 701 1,063 10,035 All other resources-------5 H _____ 2,8b4 824 762_____ 596_____ 33^ 1, 25 1 393______?32— --50_ 13 739 1 325,197 5 , 321,755 TOTAL RESOURCES-------- 36 s ,020 1,509,314 408,106 442, 6 l6 221,894 208,295 7S8,o6l 226,97^ 157,962 241,155 r c M EI.10EAKDA (a) Includes bills discounted for other E.R.banks, viz.-- - (b) Includes bankers' accept ances bought from other F. R. banks With their endorsementWithout their endorsement- - - 85S - - 35,533 - - - - 52,332 - - 10,000 - 112,865 15,000 - 26,-429 S5 S 26,429 Released, for publication Sunday morning June 1, I 919 ; not e arlier. St *4lOc WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS I/LAY 29, I 9 I9 . (In thousands of d o lla r s .) L I A B I L I T I E S . Boston Capital paid- in----------— S u r p lu s ------------------ 6,852 2,996 Government deposits-------- 21,702 Due to members'- Reserve account Deferred a v a ila b ilit y items --All other d e p o s i t s --------Total gross d e p o s i t s ------- 9 7 ,2 2 4 4 7 ,2 1 4 191 166 931 3.72 17 1 F»R.notes in actual circulationF>R. bank notes in circulation 1 Q 355 net l ia b ilit y ----------All other lia b il it ie s ------2.714 TOTAL LIABILITIES------36s7020 phi l a 7,632 21,345 2,608 21,117 12 , 09*+ 13 , 218 692,133 97,51*+ 129,876 59,065 722 136,551 976,65*T 170, 519 7*+2,390 205,73*+ 3*+,730 13 • 07 s C level. Richn. A tlanta Chicago St*Loui s 3,245 11,440 3,265 4,195 9,225 2,19b 3,552 2,063 12,311 131,152 51,. 255 ^3 ; 4-00 3 9 ,165 199 1,679 128,542 92,622 15,13 1 3,0C4 2.507 3,000 6 .4 16 1,603 i In s 2*+,’ 257 *+6,727 236,827 24,258 52,677 ihz 2,520 9,912 55,212 50,0 50 1,510 8,636 35,702 875 79,765 322 , 22.1 102,301 223,593 115,424 H 3 ,3 5 o *+22,327 104,180 12,609 M i n n . Kans.Cv- Dallas San Fran. £332 5 , 97s 426 3,725 2,421 12 .084 73,434 37,689 3,235 1 ,184 6,397 4o,644 17,137 Total 4,770 82,589 2,442 49 ,466 6,421 141,479 22,716 1 656 , 11 s 517,638 19, *+77 150.324 5,693 169 157L. 62,266 12V, 3 64 _6¥735f H 4 j 0 7 ^ 5 ; 559. 23,394 35,585 46,268 194,310 2 , 513,292 __ 5,52*+ ili3. 9,023 22,620 13,751 5,755 12,967 7,020 6,821 162,427 1 .U02 JaJJ-I 1,032 2,033 1^27*L 1,337 2,541 36,452 1 , 809,314 402,106 442,616 221,894 208,295 788, S61 226,974 157,962 241*155 123 ^391325*197 5 , 321,*725 MEMORATTT) A Contingent liability as endorser on Discounted paper rediscounted with other F-R- banks ---- 35,533 Bankers' acceptances sold to other E, R. b ank s------- Mew York 45,000 32,332 112,265 555 858 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION. F. R» notes outstanding----178, 160 5,989 F. R. notes held by b a n k ---F-R.notes in actual circulation TfH, I7T 12? ’ 02? 111 >1} 1 U53,I79 117,958 ___ 4,536 3,767 30,252 13,772 71+27390 20 5 ,734^ 223,599 ii57424~iT3733cT4^27327^o47iTo 85,829 102,054 1,935 6,469 837154 47,722 215,733 2,708,447 1,520 21 4?3 189 ,155 46~2irsT:94~ynj 27519729^ DISTRIBUTION OF BILLS AND U» S. GOVERNMENT SHORT-TEEM SECURITIES BY MATURITIES • Within 15 days B i l l s d is c o u n t e d --- ---------B i l l s bought in open m arket--- — U.-S* certificates of indebtedness 1 , 727,796 52,301 30,938 16 to 30 days 35,738 3 9 ,7 H 3 ,3is 31 to 60 days l 4 i , 123 69,632 765 6 l to 90 days 60,509 22,006 13,726 Over 90 days 24,226 153,053 Total 1 , 939,392 183,650 201,800 Released for p u b lic a tio n Sunday morning June 1, S t .4 l 0 d I 9I 9 ; not earlie r STATEMENT OF FEDERAL RESERVE AGENTS'1 ACCOUNTS AT CLOSE OF BUSINESS MAY 29, I 9 I 9 . (In thousands of dollars*) Boston New York phi la . Clevcl. Richn. Atlanta Chicago St .Lo uis M inn. Kans.Cy- Dallas. San Fran. Total FEDERAL RESERVE NOTES: Received from C o m p tr o lle r ---- , . 307,200 1,5^6,780 3 59,7^0 353,400 223,220 225,000 608,600 197,04o 131,880 l64, 800 103,160 27b,2o0 4,497,080 Returned to c o m p t r o lle r ------ 104,520 585,121 136,617 85,413 7U,2l2 47,988 124,741 59.702 30,911 48,366 31.667 5^,527 1,383,785 Chargeable to F .R . A g e n t --- 202,680 961,659 223,123 267,967 l ^ . O O S 177,012 483,859 137,338 100,969 116,434 71,493 221,733 3,113,295 In hands of F. R. Agent -----24,520 143,600 6,040 32,520 28,9 88 59,895 30,680 19,380 1 5 ,l4o 14,380 23,705 6,000 404,848 Issued to F. R. Bank less amount returned to F» R. Agsnt for redem p tion--------------- 178,160 818,059 217,083 235,467 120,020 117 ,117 453,179 117,958 85,829 102,054 47,788 215,733 2 , 708,447 183,740 17,625 13,180 l4,4s6 12,394 90,000 53,889 100,000 531.139 148,708 105.448 13,052 2 ,4 ll 24,800 45.566 2,597 27,360 72,097 11,531 228,498 2,823 15,101 87,2^1 2,184 90,168 815,976 31.194 110,464 1,576,7.22 818,059 217,083 235,467 120,020 117,117 453,179 117,958 85,829 102,05^ 47,7 88 215,733 2,708,447 77^,782 151,084 158,956 49,774 53,652 120,36 1 2,079,231 COLLATERAL SECURITY FOR OUTSTANDING NOTES: Gold coin and c e r tific a te s on h a n d -----------------Gold redemption f u n d ------9,893 Bold settlement fund - F .R . Board 47,000 Eligible paper, minimum required 121,267 T o t a l----------------- 178 , 160 ' AMOUNT OF ELIGIBLE PAPER delivered to F .R . a g en t---- 166,352 2,55^ 29,000 88,466 92,4is 2,500 3 ,092 5,3^0 37,000 261, IU5 74,525 186.694 S3 ,6 6 1 274,317 3,37^ 53,430 61,154 63,987 89,917 Released for p u b lic a tio n Monday morning June 2, 1 9 1 9 i Not e a r lie r . s CONDITION OF MEMBER BANKS. May 31, 19 *9 Following the first payment on account of the Victory Loan, the Federal Reserve Board's statement of condition on ?fey 23 of 773_ member banks in selected cities shows a reduction of 444*4* millions in the holdings of Treasury certificates as against a net,increase of 189*4 millions in other u« S. securities, besides an increase of 300.6 millions in loans secured by Government war obligations, including Victory notes. For the member banks in Now York City a reduction of 227 >1 m illions in certificates on hand is shown, accompanied by increases of 4 0 . 6 m illions in U 5 S» securities and 3 1 * 7 m i l l i o n s i n l o a n s secuted by u. S« war obligations, pending the segregation of Victory notes in the weekly statement accurate figures of holdings of the newly issued securities can not ‘ be given, thowgh it is probable that most of the banks have included these notes with Liberty bonds» &ther loans and investments of all reporting banks went up 26.6 millions, possibly as the result of the inclusion under this head of Victory notes by some of the banks* For the New York City banks this item shows an increase of 4o »1 millions. For a ll reporting banks the aggregate of Ui S# war securities and war paper shows an apparent decline from 3 ,9 8 4 .9 to 3 ,8 3 0 .4 millions, constituting 26.2 per cent of total loans and investments as against 2 7 * 1 per cent the week before* For the New York City banks this ratio shows a decline from 30 »9 to 28.6 per cent. As against an increase of 193 * 1 m illions in Government deposits, there is shown a reduction of 200-8 m illions in other demand deposits (n e t ). For the Now York City banks decreases are shown in both Gov ernment and other demand deposits, apparently as the result of large withdrawals fran local depositories and the large drafts on these banks by country correspondents in connection with Victory loan payments. In keeping with the f a l l in demand deposits other than Government deposits, reserve balances with the F„ R, banks declined 19-8 m illions, a ll outside New York. Cash in vault shows a nominal decrease of 1 .4 millions- Released for publication Monday rooming June 2, 1319; not earlier. st»4lla ctfATOffiNT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN LEADING CITIES, INCLUDING MEMBER BANKS LOCATED ^ IN FEDERAL RESERVE BANK CITIES AND IN FEDERAL RESERVE BRANCH CITIES, AS AT CLOSE OF BUSINESS MAY 23, 1919* 1. Data for a l l reporting banks in each d is t ric t ,________________ ( in thousands of d o l l a r ^ ) --- ------ ---------------- -- ---------- --- — --- ----------- - Boston New York r ^ ortine b a n k s ____________ U°s.bonds to secure circulation 45 l4,20o' log 49,645 56 11,597 89 4o,960 S3 25.270 47 15,515 20,112 101 36 17,106 35 6,870 0t L lM ? ty ‘ b m d s - - - - - - - - - ____ 21,857 3 53,634 51,895 89,500 57 . 6U3 4 s ,025 107,194 30,951 15.07S ,Tn phi l a . C level, Riclxa- A tlanta Chicago St* Louis- M inn . Kans.Cy- • --- Dallas San Fran- Total 76 14,009 44 18,324 53 34,599 773 268,215 5 1 , 52a *> 72 “*0,026 871,797 _____________ 104 370 772 , 90 312 5 , 165122,729 70,315 64,>.51* 229,537 59,594 **3,309 53,553 36,532 94,7,17 1 , 777 , 86s s securities__________ l4l 035 1,176,182 128,657 253,189 153,228 128,024 356,903 107,651 65,257 99,08k 79,328 169,31*2 -2,917,880 Loans secured by U.S.bonds,etc- SS 134 564,583 162,877 109,781 47,540 26,1*75 96,133 26,444 12,667 13,51*1* 7,058 25,500 1,180,736 A l f o t h e r L L and investments 798 615 4 ,176 382 .634,230 998,503 381,301 301,856 1,>*1,176 386,744 234,078 1*61,898 179,231 521,082 10,515,096 iserve balances with F.E. bank 72 693 676,067 57,736 92,608 33,223 30,250 160,S16 39,899 21,170 >*0,512 18,946 5l*,OS6 1,298,008 fiashSvauft- - - _____ __________ 22 293 1 2 2 3 2 1 18,927 34,624 17,“ 81 13,166 65,507 , 9,657 9 , 1*85 15,615 9,31*9 20,759 359 , 181* lift danand deposits------- 712',375 4, Sg4 958 651,115 79>*. 537 30s ,536 2V *,069 1 , 21*8, 831* 289,893 215,126 396,15,1 165,272 >*9,581 10,370,747 Time deposits----------- 109 U90 287 193 20,769 292.811 79,378 114, J71 - t e , 067 97,722 51*,860 70 ,93!* 25,801 136,646 1,715.542 il.W iKsLjdJal 67,787 3 2.206 ...314!*z6-- 66., 5to, . 38,268 ljSj B3_.ffl. 162 16,933 1 9 ,5 6 5 , 627 , 831 a ^ e r ^ S t deposits------To tafu ja t a for b a n k T to Federal R e se rv e bant, cities, federal B e s e r v e branch c itie s , and other r e p o r t i n g ^ y ^ ^ HO. reporting benks --- May 23-- May 16 QhlriAgo AH May 23-- Mgr ^ “5 W citics K V - p - ~May2 l 6 .55 p., Rebranch. citics 1 t1 . Yoi’ic I 2. -i. ^ 1 6 bonks Total Ma^23— — May 16 773 ---- 65 65 ^ c ir c u la t io n ------- 39,227 3 9.22S 1,369 1,16 9 103,712 103,613 56,529 56,479 107,974 105,003 26S, 215 268,095 “ ^ I 'u b ^ l t o n d s - 293,616 259,036 52,982 23,185 492, 73s 382,030 158,386 121,344 220,673 179,116 871,797 6S2,490 U -S- / ^ tiflC: t“ 0f 695 0S9 922,153 125,546 l£2,467 1 , 106,692 1 , 1*94,142 TotalV.S. s e c u r i t i e s '- 1,033',932 1,220,44? 179,897 186,621 1,763,142 1,979 ,7£>5 310,591 525,506 365,697 543,520 362,493 300, 5S5 629,232 649,612 1 , 777,86s 2 , 917,820 2 , 222,332 3 ,17 2 ,9 17 839,913 131,747 120,179 136,386 119 , 93s 1,18 9,736 1,080,080 10bSnds!°Stof- -- - - - 515,806 4s4,o63 70,092 69,064 912,603 "inveTtoentr-----____ 3,7S 4,9 12 3,654,306 893,622 852,353 6,339,724 Beserve balances with ^ F. R* bank -Cash in vault ------Net dananct d e p o s i t s ^ r 106,721 ’ 222 353 ' 132.548 Ratio of U.S.war papurities and war paper to total loans %nd investments, per cent — 2S .6 636,549 111,600 115 , 67s >.r-, ?n ) m 7 q ccn 214 231 1 6 4 ,5 5 6 16 2,5 6 6 161,743 47 , 18S 31,985 .30*9 21-7 22.4 6 , 862,033 1 , 612,203 1,608,935 1 , 963,169 1,957,538 10 , 515,096 10 ,42 2 ,511 970,826 Coo> 156,561 i 6 i , 6ss 170,321 175,679 1 , 29s , 00s 1,317,76 0 980,393 93.S46 9^,606 206, g §2 35&.18& .56,7‘ifi 53,W 3$9,53& 1 , 707,780 l t74g,662 10,370,747 10,571,547 7,459,733 1,315,957 1,363,152 497,487 510 , 00s 1,715 ,5 4 2 l , 7 1 S rS94 7 0 2 , 459 515,596 517,094 691,792 434,s4g 117,513 67,925 627,897 105,667 11, WS 295,075 1*01,717 , 2o»7 2 S .1 26*5 26-7 2 4 .1 24.3 26.2 27-1 St.4l4 PERCENTAGE OF GOLD AND I-AWJL MONEY HESSPVBS AGAINST NET DEPOSITS, PERCENTAGE OF GOLD 'RESERVES AGAINST FEUiRAL HE SERVE NOTES IN ACTUAL CIRCULATION AND OF TOTAL RESERVES AGAINST COI/CBINED FEDERAL RESERVE NOTE AND NST DEPOSIT LIABILITIES May 29, 19 19 OF ALL FZLSEAL RESERvE 'M+iKZ. C O N F I D E N T I A L Not for publication. Ratio of gold reserves to F. R* notes in actual circulation May 25-- May 29 May 25--May 29 _ Ratio of .gold and lawful raoney reserve to net deposits Ratio of total ra serve s to net deposit and F . R-. note lia b ilitie s ecmbinfed _________ ir.s>r 23 —■ -ljaar_23. Ratio of gold reserves to F. B. notes i n 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 . May 23— .— May 29— Boston 46.6 51.3 42.0 41.3 43,£ 45.3 49.3 52.2 New York 5 5 .6 59.6 42.5 4 2 .0 51.0 51-3 69 .O 69-3 Philadelp h ia 4-2.4 4o -5 4q.9 40.2 41.4 4o»3 44.5 4 3 .1 Cleveland 5S-5 56.5 5S-0 5 5 .9 5 S .2 5 5 .0 72-1 71*5 Richmond 7 1.4 59*7 30.5 34.6 4 3 .1 4 2.1 46.7 4 5 .1 Atlanta 5 1.7 55*3 42.5 42.7 4 5 .1 46.4 4S.9 5 1.3 Chi cago 5^.6 >5-7 71.6 69.5 65 *3 60-7 S3.2 75.6 St. Louis 43.2 54.2 6i-4 5 5 .9 54.9 5 7 .1 6 5 '9 7 0 .g Minneapolis 4s*l 62.1 54.9 54.6 52.5 57 62.0 70.2 Kansas City 59-2 55-7 44.2 43.2 5 0 .4 4 s -9 6 1 .1 59.4 D allas 47.0 40.5 41.3 4ia ^3-7 40.0 5 0 .1 45,8 San Francisco >+3.5 5 1.5 55.3 55.2 5 1-8 54.1 3SUP 62.6 55*0 54.7 50.3 49 . s 52.3 51.s 64.6 6 4 .1 Total DIVISION OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD JUNE 3 , 1919- ‘ RATIO OF "FLOAT" OF EACH FEDERAL RESERVE BANK TO HMEDIASSLY AVAJCjuABjuS DEPOSIiS. C O N F I D E N T I A L Not for publication. (In thousands of dollars.) 1 Federal Reserve Bank 1 ’ Uncollected1 Deferred > items 1aval lability t 1 items ! I • 1 1 I * 1 1 1 St.4 1 6 May 29, "FLOAT” 5 "Float" after adding n-st debit 1 - "Float" afte r deducting national and F*Rr Bank note s, also net investment in ' 1 Ratio to 1 or deducting net credit in transfers fr an se cond calculati on. S~turd?.y?s settlement ’ *immediately1 ! Ratio to immediately 1 Ratio to immediately 1 jvpiount T available 1 available depo si ts * f j5uO"unt 1 * deposits* * iSaount 1 avai lable depo si;j>s * 1 I per cent per cent. T 1 per cent. 1 51,915 47,214 4,705 3-9 5, S44 4.9 5,467 4*6 152 , 0U3 129,876 22,167 2.6 31.S36 3-S £0,305 3 -1 phi lade lphia 59,327 59,065 322 .3 4,975 4.5 4,975 4 .5 Cleveland 57,242 43 ,400 13,842 9*5 7,349 5.1 6,6s4 4.6 Riclaaend 43,542 39,165 4,377 8.2 5,244 9 .S 5,216 9*7 Atlanta 31,933 24, 25s 7,675 13.8 7,546 13.6 7 ,H 7 12.8 Chicago 7 7 , Sol 52,677 19,1*54 7.3 11,707 4.4 7,015 2.7 S t. Louis 39,36s 35,702 3,666 5*5 3,553 5*3 5,603 8.4 Minneapolis 14,705 5 , 97s 3,727 15*3 5,79S 10 . g 5,166 9 .1 Kansas City 52,261 37,689 14,572 16 . s 14,857 1 7 .1 7,063 S -1 Dallas 24,351 17,137 7,244 15*3 6,699 14.2 3,107 6.6 San Francis co 27,963 19,477 S , 4ob 8 *9 9,559 10 .1 6,423 6.8 517,638 114,967 5.9 114,967 5.9 30, l4i 4 .6 Boston New York TOTAL 632,605 DIVISION OF DEPORTS AND STATISTICS FEDERAL HE SERVE BOARD JUNE 5, 1919 1919 4 St. 418 a- COMPOSITION OF UNCOLLECTED ITEMS AND DEFERRED AVAILABILITY ITEMS* C O N F I D E N T I A L Not for pub!Li ca Lion Bank t 1 1 i mOOLLECTF® ITEMS ! 1 1 Checks 'National Batik' I 1 1 r t and ' notes and ’ t Clearing1 other 'banknotes of'Transfers 1 ^11 other J othor 1 bought *uncollec ted1 ' house 1 cash ' rExchange s 1 items 1 F. R» Banks ' ! items 1 Boston New York 1,990 16,912 May 29,. (in thousands of dollars.) 28 377 I t 1 1 Total 49,524 51,919 1 r 1919. TiEFERRED-AVAILABILITY ITEMS . ..... t 1 j I ! 1 1 1 > Go Id 1 Settlement * Suspense 1 1 1 1 * Transfers »Government 1 Other » transi t * transit * 1 sold i » items ' i terns ! 1 17,463 - f , 57,513 - - Total 29,751 47,214 72,363 129 , S76 M 93 5,531 - 125,407 152,043 1 f , - - 49,936 59.3S7 • ' 21,727 - 4,026 33,252 59,065 l4o 52,655 57,242 . 12,77S - 982 29,64 o 43,400 1 r 9,150 - 4,278 25,737 39,165 - 1,^59 16 , 27s 24,258 phi lade Iphi a 5,069 4,382 Cleveland 3,909 13 525 Richmond 4 , 24c 369 28 - 32,905 . t 43,542 t Atlanta 2,416 314 429 - 28,77*+ 31,933' •• * 6,521 1 4,553 - 1 1 21,924 100 370 36,283 52,677 11,93 s 2,600 45 s 20,706 35,702 2,104 - 118 3,756 5,978 11,276 - - 26,413 37,689 4,505 216 - 12,4 i 6 17,137 Chicago 77,861 t f 1 1,217 3,575 290 37,^55 39,368 t f , t , I , * « I« i t , 23,461 27 , 963 ! ! 6,537 9 52 12,879 19,^77 549,921 6 3 2 ,6 0 5 : ; 183,496 2,925 11,743 319,474 517,638 1 1,320 43 260 Minneapoli s S55 5 55 577 13,213 14,705 Kansas City 1 ,124 719 281 7,513 42,624 52,261 Dallas l,o4o 82 853 2,955 19,451 24,381 1,336 21 345 .2,800 44,764 io , 169 9,901 17,850 St. Louis gan Francisco TOTAL 1 DIVISIOU OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD J-une % , 1919 . . 6 s ,516 F E D E R A L R E S E R V E B OA RD GOLD SETTLEMENT FUND X-15b7 Summary of transactions for week ending June 5 , 1919 (in thousands of dollars)_____________________________CONFIDENTIAL_____________ Aggregate Aggregate > Settlements from NUy 3l to Balance withdrawals Federal deposits ctnd : T R A N S F E R S June 5, 1919, both inclusive. Gold Gold last and trans Reserve transfers with deposits fers to Agent *s from Agent *s statement Bank of Net Total Total : Net drawals fund fund : Debit Jfey 29 ,1919 Credit Debits Debits Credits : Credits Boston 47 ,971 : 12,000 80,748: 949 81,697 New York 186,786 : 288,274 262,349: 34,000 25,925 44,012 Philade lphia i >500 381 381 : 22,000 2b,74b 123,116 96,370: Cleveland 45,801 45 10,000 87,822: 15,7b2 72,060 45 : 15.-000 Richmond 26,716 150 4,007 3,584 7 150 : 36,000 99,928 40,000 96,344: 16,892 12 Atlanta 4,012 : 2,000 12,005 5 2 9 ,021 : 1 ,3 14 27,707 Chicago 4,520 350 20,350 : 43,000 87,575 32,320 119 ,6 11 139,105: 19,494 451 St. Louis 2,000 5,451 2,000 : 16,000 27,905 8i,456: 7 ,9 44 73,512 Minneapolis 21,467 55 : 25,000 15,000 15,858 2 4,998: 9 ,140 565 2 Kansas City 10 10 2 : 6,000 47,968 39,915 49,991: 2 ,023 * Dallas 7,306 1 548 1 ;: 25,320 22,000 27,938 33,217: 5,279 San Francisco 2,000 16,000 5,000 3,752 _ . _J,3.60 .fr w 32,i£0 28,668: ___ ^ > 2 11 _ Total 5 ,oo6 44,o4l 30,866 : 180 ,320 587,257 ..... ,.521 180,320 60,956 1,010,089 1,010,089: 60.956 Federal Reserve Aatot at Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total F E D E R A L R E S E R V E A G E N T S ' Balance Withdrawals Deposits last Gold Gold for transfers through statement with deposits to transfers Bank May 29,19^9 drawals from Bank 47,000 2,000 90,000 5,000 53,889 1,500 100,000 29,000 2,000 4,000 37,000 12,000 4,000 261,144 3,000 4,520 20,000 2,000 53,431 5,000 24,800 500 27,360 1,684 500 16,000 90,169 1,360 . . m , 4 7 I . . 14,000 • 43,520 25,860 Balance in fund at close of business June 5,1919 35,022 194,861 38,147 56 ,60s 23,275 8,213 112,219 16 . 39S 2 1,172 35,930 8,718 23,519 57^.082 FUND Total with drawals 2,000 - 5,000 - Total deposits - 1,500 Balance at close of business June 5.1919 45,000 90,000 50,389 2,000 4,000 100,000 31,000 4,000 12,000 23,000 2 ,000 500 4,520 45,000 2*42,664 56,431 24,300 27>3b0 2 ,1 8 4 104,209 819,137 I , 3b0 3 9 , 8b0 5,000 - '500 16,000 43,520 Summary of changes in ownership of gold by banks- through trans fers and settlements. Decrease Increase w 12,949 8.075 ■ 4,746 10,762 4lb 686 8,814 8,056 8b0 3,977 - ... 31,274 L 1,959 ly» 1 .2 U8 31,274 \ l . / \ : r— r # Released for publication Sunday morning June Z, 19 1-9> not earlier. st.^23 STATEtvIENT FOR THE PR255june 7, 19 19 * Aggregate reductions of 181.9 sail lions in war paper holdings, in con nection with the redemption of Treasury certificates due Jm e 3,...are indicated in the Federal Reserve Board's weekly "bank statement issued ac at close of business on June 6 , 1919* Other discounts on hand increased J> >6 m illions, and acceptance holdings - 1U .7 millions, War paper held under rediscount for other Federal Reserve banks increased from 112 *9 to 115 *2 millions, wnile similar holdings of acceptances i.e . bank acceptances purchased from other Fed-oral Reserve banks, ".;it.u the latter's Endorsement declined from $&5S,000 to $100,000- The total of acceptances on hand includes also 21*3 millions ox bank acceptances purchased from other Federal Reserve banks without tne latter>s endorsement. of 2 5 -S millions in An increase . Treasury certificates on hand represents largely temporary certificates issued to 5 Reserve banks to eov.,r advances to the Government pending receipt of funds from depositary institutions and to a lesser extent one-year £ per cent certificates deposited witn tlie Reserve bank note circulation. Treasury to secure Federal Total investments snow a nr-t decrease for the week of 137 *6 m illio ns. Heavy withdrawals of Government funds reduced the balance to the credit of the Government by 115-^ m illions, wnile members' reserve deposits show a gain for the week of U 9 m illions. Net deposits sho*v a decline of lit .8 millions,while Federal Reserve notes in cireflation fe ll off 6 0 m illions. On the other hand the banks* cash reserves, Ovving largely to the considerable deposits of gold by the Government and the purchase cf gold iiportea from Canada, increased by 15.2 m illio n s . As the result the reserve percentage of the banks shows a rise for the wee- from 51*8 to 5 ) .7 per cent. St .423a Released for publication Sunday morning June 3, 1315; not earlier. STATEMENT OF COMBINED RESOURCES JND LIABILITIES OF THE TWELVE! FEDERAL EE SERVE BANI: AT CLOSE OF BUSINESS JUKE 6 , ISIS-'. June 7. 191S May 29. 1919 R E S O U R C E S . . . June 6 , 1919 $463,622,000 $346,6 i s ,ooc $35^,965,000 Gold coin and certificates > 417.675.000 536 . 742.000 581 , 055,000 Gold Settlement Fund - F. R. Board 5 1 , 280,000 Gold with foreign agencies 932.577.000 933.360.000 936 ,024,000 Total gold held by banks 958.255.000 1 , 1 3 1 , 725,000 i , i 39 , 5°s,ooo Gold with Federal Reserve Agents 2 3 . 431.000 12 2 . 658.000 12 6 ,272,000 Gold Redemption Fund 1 . 9 13 . 263.000 2.201.304.000 Total gold reserves 2,137,7^3,000 53 ,46i ,000 6 7 ,363,000 Legal tender notes, silver, etc. 68,539,000 1 , 9 77 , 72^ , 000 2 , 255 , 106,000 2 . 270 .343.000 Total reserves 627 .025.000 1,302,393,000 1 , 620, 99^,000 (Secured by Govt, war obligations Bills discounted (M 1 other 190 , 130,000 186 > 99,000 3 5 7 ,^ 7 ,0 0 0 243.542.000 1 3 3 , 650,000 Bills bought in open market 198,307,000 1.233.034.000 2 , 17 3 , 0 ^ 2,000 2 .009 .431.000 Total bills on hand 64.434.000 2 7 .131.000 27 ,129 ,000 U. S. Government bonds 3 3 ,000 333,000 U . S. Victory notes * 3 2 ,601,000 201,300,000 227.5.53.000 U- S. certificates of indebtedness _______ 694,000 All other earning assets 1 . 330 . 313.000 2 ,l+ 02 , 05 b ,000 2 ~ 2 W ,W o ,000 Total earning assets 10.936.000 10 986,000 Bank premises 402 . 529.000 3^,639,000 650 .757.000 Uncollected items and other deductions from gross deposits 637,000 8 , 963,000 3 , 06s ,000 5fo Redemption Fund against F. R. bank notes 1 0 ,035,000 10.042.000 All other resources 5 , 3 2 1 , 725,000 3 , 7 1 1 , 703,000 5.215.442.000 TOTAL RESOURCES L I A B I L I T I E S 7 5 , 662,000 32 , 589,000 32.652.000 Capital paid in 1 , 134,000 1+9,466,000 49,2+66,000 Surplus 141.475.000 1 7 3 ,8 7 6 >000 26 ,05S ,000 Government deposits i ,4 4 s , 4 s6,000 1,656,113,000 Due to members - reserve account 1 , 705 , 104,000 239.971.000 517.633.000 Deferred availability items ^97,3^3,000 1 0 5 . 560.000 150.324.000 134 , 364,000 Other deposits, including foreign government credits 1.978.833.000 2 ,^ 6 5 , 559,000 2.362.375.000 Total gross deposits 1.633.579.000 2 . 5 19 .292.000 2.513.037.000 F. R. notes in actual circulation 3 , 5 so ,000 16 s ,427,000 16 3 ,24 6 ,000 F. R. banknotes in circulation - net liability 36 ,452,000 _____ 6 ,855,000 33,166,000 All other liabilities 3.711.703.000 5 .3 2 1 . 785.000 5,215 ,¥ 12,000 TOTAL LIABILITIES Ratio of total reserves to net deposit and F. R. 6l . 5i note liabilities combined 51 53 -Ifo Ratio of gold reserves to F. R. notes in circulation 64.1 % after setting aside 351° against net deposit liabilities 66 . 5i^jo ’"Includes one-year Treasury notes s , R e le a s e d fo r p u b l i c a t i o n Sunday m o r n in g Ju n e 8 , St .423 b 1919> n o t e a r l i e r . WEEKLY STATEMENT OF RESOURCES AHD LIABILITIES OF THE FEDERAL RESERVE BAHKS AT CLOSE OE BUSIITESS JUHE 6 , 1919* R E S O U R C E S G o l d c o i n a n d c e r t i f i c a t e s ---- Gold Settlement Fund - F.R,Board Total gold hold by b an k s --Gold w i t h Federal Reserve Agents G o l d r e d e m p tio n f u n d --------- Boston 3 , SSI ue'w Y o r k 2 6 ^ ,5 7 8 (i n thousands of d o l l a r s * ) p h i la* C l e v e l * R i c l m * A t l a n t a C h ic a g o 502 2 4 ,5 1 0 2 ,1 2 4 7 ,9 2 7 2 3 ,2 5 3 D allas s t - L o u is M i n n . Kans- Cy* 7,269 3 ,8 5 9 8 ,3 2 1 106 1 1 2 ,2 6 0 1 8 ,1 5 8 2 5 ,1 7 5 3 8 ,l 6 l 1 9 2 ,4 7 4 4 7 ,0 4 3 5 5 ,4 l 4 2 1 ,6 2 6 51,473 556,052 *+7,5^5 79,92“+ 23,750 l*+7905 135,553 22,017 33,^95 38,267 13,525 5 5 ,2 7 9 2 8 5 ,2 6 8 7 5 ,2 5 9 132,, :g47 3 2 ,9 6 0 5 9 ,5 9 7 2 4 8 ,3 2 6 5 8 ,5 7 3 3 8 ,6 1 7 2 8 ,5 6 1 1 6 .6 4 5 2 4 ,8 2 9 8 ,4 3 5 24 3. I 0 ,l 4 4 6 .5 8 4 ^ 1 ,4 ^ 6 6 .6 2 6 1 3 .1 6 3 6 6 ,8 5 4 399 7 1 , 0 8 5 * + 1 5 ,3 1 5 1 , 4 ^ 8 . 1.5?,5 8 5 , lUs l .l o U 2,^ 7 7 8 ,7 3 8 94 7 9 ,9 9 1 l4 q 1 3 1 ,5 1 4 2 1 4 ,1 1 8 6 7 ,2 5 3 7 2 ,5 2 3 4 l 6 ,6 4 o 8 7 ,5 0 5 7 8 ,8 3 2 S O ,l 4 0 1 1 8 ,3 9 3 76,132 64,61+7 195,120 53,956 44,030 47,704 27,074 6 ,n 4 1 2 ,1 3 8 1 3 , 1 7 *+ T o t a l gold r e s e r v e s --- --L e g a l t e n d e r n o t e s , s i l v e r , e t c .- 1 1 2 ,3 9 7 7 .0 8 4 7 6 6 , l5§ 1 3 1 ,2 3 9 2 1 3 , o i 4 T o t a l r e s e r v e s ------------B i l l s d isc o u n ted : 1 1 9 ,4 8 1 8 1 8 ,0 3 9 Secured by Government war obligations ( a ) -------- 133,197 A l l o t h e r --- -------------- 4 ,9 9 2 5 1 .8 9 0 275 63.4,661 160,810 3 8 ,9 5 9 1 3 ,9 0 0 6 ,9 7 7 1 6 ,1 9 7 4 .5 5 8 9 ,5 6 7 5.360 Bills bought in open market (b)- _ 1 7 U33_____51.J19 ........ 97 2 20,13 2 7,393 .... 5,382 3 2.77b Total bills on h a n d ------- 155,622 725,389 175,b82 l*+*+,639 95,663 8 3 ,2 0 3 ^ + 7 0 9 3 6S,S83~ U, S. Government b o n d s -----539 1,302 1,385 1,083 1,23*+ 37 5 *+,*+76 1,153 U. S. V i c t o r y n o t e s ---------29 50 8 U.S.certificates of indebtedness 1 7 ,9 1 6 6 6 ,l 4 o 2 5 ,6 8 0 1 6 ,9 7 6 9 ,1 6 0 10,5*+9 2 2 ,6 1 2 1 9 ,1 8 2 IT^ICS 792 , SSI 202,7*+? 1 6 2 ,6 9 8 1 0 6 , 0 5 7 9*+, 1 3 5 2 7 1 , 1 8 1 8 9 , 2 1 8 T o t a l e a r n i n g a s s e t s -----------B a n k p r e m i s e s ---------------U n c o l l e c t e d ite m s a n d o th e r ded u c t io n s from g r o s s d e p o s i t s — 800 3 ,7 8 2 500 6 1 , 6 7 *+ 875 5 3 ,6 9 9 1 6 2 ,2 5 5 U s ,4 6 2 844 1 , 7 52 1 ,0 2 5 77*+ o t h e r r e s o u r c e s ---------- 421 2 ,9 1 1 913 822 TOTAL RESOURCES------------ 3 4 9 ,3 5 1 1 ,7 8 1 ,6 2 0 3 9 8 ,3 7 3 *+27,7*+9 5fo Redemption fund against F.R. b a n k n o t e s ----------------A ll 6,256 3 7 ,5 9 2 3 12 6 0 ,0 7 3 218 3 3 ,s 6s 2 ,9 3 6 7 1 ,3 5 1 3 ,8 5 9 9 ,7 1 0 1 1 , 8 8 3, 6 5 ,1 0 3 1 0 2 ,9 6 6 ' 1 2 ,6 3 3 *+01 *^9,S*+7 Fran. 9,599 19,920 Total 35*+, 969 581,055 936,024 29,519 16,264 118,957 1,139,508 126.272 961 2.648 2,201,804 149, *+37 32,437 J81 -6-8,53-3 34,480 149,818 2,270,343 25,353 .7.1*+2 . ..-169. ,..,., 6 1355,031 8 2 , 2 1 6 53 ,o 4o 116 8,867 3,966 246 5*+l *+6 ,0 5 2 3*+,3*+3. San 4,900 61,906 221 23, 64s 65,270 l , 620,994 11,544 190,130 49.156 125,970 2 , 009,431 27,129 2,633 333 12,845 227 , 553 l4 1,4 4 s 2,264,456 10,986 400 27,095 650,757 S , obS 4os 10.042 74o 755 755 351 1 ,3 3 1 44l 244 358 2 3 4 ,6 1 4 2 0 1 , 5,65 7 6 4 ,9 1 9 2 2 4 ,3 3 2 1 5 7 , 1 0 1 2 3 4 ,5 1 9 121,37*+ 319,925 5,215,542 164 470 l ,4 s o 575 289 12,000 24,000 707 379 M E M O R A N D A (a ) In clu d e s b i l l s d isc o u n ted for other F.R.banks,viz--(b ) - _ 29,781 - - - _ _ 49,458 H 5, 239 in c lu d e s b a n k e r s ’ acceptances b o u g h t frc m o t h e r F .R .b a n k s - W ith th e ir e n d o r s e m e n t --- - Without their endorsement— - 100 - - - 21,916 100 21,916 Released for s t -423., publication Sunday mqrning June S, 1919; not earlier. TVEEKLY STATEMENT OF RESOURCES M D LIABILITIES OF THE FEDERAL RESERA/E BANKS AT CLOSE OF BUSINESS JUNE 6, I 9 I 9 . (in thousands of dollars*) Capital p a i d - i n ------------ Boston M 77 Surplus----------------- 61 Goverment d e p o s i t s --------Due to members - Reserve account 101,557 L I A B I L I T I E S ITew York phi la* Clevel. Richn* 21,324 7,632 9,225 21,11/ 2,795 710 ’ 123 2,bOG 44o 3 ,^ 5 2 3,506 106,214 130,763 5 1,12 2 44,217 4,209 2 , 1^0 i , 57 S 57. .204 50,300 Atlanta Chicago 3 ,2 4 4 11,442 1,310 6,41b 562 5 >01 U6 , 63G 235.740 S t .L o u i s M i n n . 1,415 6 c.s 5 3 ,5“ 6 7,723 60,359 116,959 23,152 55,349 36,258 852 30 U 293 ___ 2 ,647 730 116,557 954,440 152,506 178 105,5So 7 0,649 299’, 137 99,527 73b, 6 7 4 207,352 218,094 114,780 115,569 4 2 1 , 04b 103,909 Kans-Cy- 3,006 3,265 1 , buj l,4 s s 3 ,7 6 1 2 ,4 2 1 l s339 7 S .o 7.S 3 5 ,1 3 4 D allas San F r a n * To tal 62,652 3 ,237 4, 11 0 1, 154 49,466 2, 448 26,058 750 1,510 4 ^,154 25^ 734 1 , 705. lo4 14. 297 497 ',349 17,515 lji4,364 239 273 5, 254 62,4-15 107, 2 , 362,875 46,122 195, 929 2 ,5 1 3,03 7 referred availability item s-All oilier deposits — *------ — Total gross deposits ------ 43, *+87 l„ 556 F*R«ttotes in actual circulationF*R*.Baa£ notes in circulation - 17 3 ,7 7 1 net l i a b i l i t y -------- --All other liabilities ------TOTAL LIABILITIES------- 6,723 169 , 2.46 13,0 21 7 , 030 9 ,1 3 0 22,990 14,032 15.237 5 >564 5,233 2 ,6 1 1 ____ 3 \ ,r /4 2,649 Jfi7q_ 1 . 0'-}l 2 . 096 1,46^ 3,3 23 .3 .• 252 3 4 9,35 1 1 , 721,620 392,373 427,749 234,614 201,565 764,919 224,332 157,101 234,519 121,374 31 9,925 5 ,2 1 5 ,4 4 2 34,317 1,170 1,607 63,127 1 1 6 ,1 IS 22,629 97,102 19 ,10 1 13,688 M E M 0 R A N D A Contingent liability as endorser on Discounted paper rediscounted with other F* R. banks--Bankers1 acceptances sold to other F* R- ban k s---- --- 3 5 ,2 21 50,000 29 , 95 ^ 115,239 100 ICG FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F- r , notes outstanding----F. R. notes held by bank ---- 181,545 7 .7 7 4 224,619 219,267 232,494 117,256 119,491 455,021 112,147 27,945 12,515 l4,4 0 0 3.076 3 . 9 22 3 3.9 7 5 14,232 s 4 , 7 ^ 103,252 2 ,1 5 ? 6,156 48,064 217,461 2 , 722,606 .1 ,9 4 2 21,472 209,569 F.R*notes in actual circulation 173,771 736,674 207,352 2 1 8,09 ? 114,780 115,569 421,046 103,909 82,629 46 ,1 22 195,929 2 ,5 1 3,03 7 Within 15 days Bills di scorn t e d ----- ----Bills bought in open market-- -— U.S. certificates of indebtedness DISTRIBUTION OF BILLS AND U, S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES. Total Over 90 days l6 to 30 days 3 1 to 60 days 6 l to 90 days 1,542,465 • 57,726 53,579 9 7 ,1 0 2 37,495 4 2 ,5 4 2 4ii 144,953 71,657 ■ 3.91 61,392 24,8 10 1 , 2 1 1 , 124 26,322 7,121 16 6,0 51 227 ,553 192,307 Released for p u b lic a tio n Sunday morning June S, St-U23d I 9 I 9 * not e arlier* STATEMENT OF FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS JUNE 6 , 1919* (in thousands of dollars*) Boston FEDERAL RESERVE NOTES. New York p h ila . C level. ^ ^ S Richn. Atlanta Chicago St.Lo u is i n ^ d r o f ^ S / i S 6------ -jhc n^s; p in p-<1 067 p^k 9 1 4 2 3 ’, 6 0 0 14 3*6 0 0 i l l 200 3 2 !4 2 0 Total 223 620 2?7,000 609,720 19S,6oO 131,550 l66 ,SOO 103, loO 250.300 4-547,600 ^ 4. M inn. Kans-Cy. Dallas San Fran- ^ l46 514 23*955 > ^ 5 7 9 6 2 . 933— 1 7 5 0 l 6 4 7 9 , l 4 i 1 3 5 ,7 2 7 5 s ’, 525 2 4 ,1 2 0 1 7 ,5 8 0 3g^ 05 7 — '9 9 ,5 2 3 H 7 , 03S 1 5 ,0 4 0 1 3 ,7 5 0 7 1 , 1 6 4 2 2 3 ,'^ 6 1 3 , 1 2 0 ,5 2 9 2 3 ,1 0 0 6 ,0 0 0 3 9 7 ,9 2 3 issued to F*JU bank less amount n S i o J 0- — - - - - - - i s i , 5U5 22U.619 219 , S67 232,^ _ _ U 7.S56 119 , ' i j i 1*55,021 u s , 1^7 sU,7S3 1Q3.25S 217 , 1*61 2 , 722,606 COLLATERAL SECURITY FOR OUTSTANDING NOTES: G o l d coin and c e r tific a te s on Gold Redemption f-and-------- ^ _ _ _ 11,279 1J.52S g ,| 7 0 12,222 1,960 paper! S S ^ r S q u i r e d 1271 266 539J51 l < 6 os 991647 s 4 ; g9 6 T o t a l________________ ____________ 151,545 524,619 219,567 232,494 117,556 119 , 4 9 14 55,0 2 1 115,147 ^ d e l i v e m d ^ f S / S m t ________ 1 5 5 ,6 2 2 7 2 5 ,3 5 9 S ig iV le 1 5 7 ,9 ^ 7 1 4 3 ,6 2 6 5 9 ,2 4 4 13>052 . ^4,097 ^> ,5C g ^ ,1 4 2 ^ 1,265 69^94 59*, 5 7 l4 4 6 , 1 6 6 ... 7 ^ , 6 9 7 2061695, 7 5 , 4 l 4 3 4 4 ,0 6 4 6 5 ,5 0 2 ^3,201 n 5g X g i ^ S 2, J.9 ^ 3.1, SC O . 15 gg J 1 3 9 8 .5<* l ,5 S 3 ,0 9 g 54,753 103,255 4s,o64 217,461 2 , 722,606 5 2 ,5 0 3 5 3 , o 4 o 1 0 7 ,6 2 9 8 2 ,2 1 6 1 ,9 5 5 ,5 9 6 ' » 1 St.424 EaleaseUor publication Monday morning June 9> 1919 > n°t earlier CONDITION 0? MEMBER BANKS • June 7, 1319 • Net withdrawals of 8&.J millions of Government deposits and corres ponding increases of demand and time deposit accounts are indicated by the Federal Reserve Board's weekly statement of condition on May 29 of 772 member banks in selected cities. Treasury certificates on hand show a decline for the week of 33*3 millions, the greater portion of the decline being reported by the New York City members. Holdings of o&her U .S . war securities, including Victory notes, declined 11.9 millions, notwithstanding a slight inerease under this head shorn for the New York City banks. This decline presumably reflects payments by customers on account of war securities bought on the installment plan. Loans secured by U -S. war obligations (so-called war paper) increased 1 5 «2 millions, largely at the New York banks, while all other loans and investments increased 46-5 millions, all classes of banks sharing in this increase. Aggregate holdings of U .S . war obligations and war paper decreased from 3322,3 to 3737-2 millions, and constitute 25.9 per cent of the loans and investments of all reporting banks, as against 2$ .2 per cent the week before . For the New York member banks a decline in this ratio from 28*5 to 23 .3 P~r cent -may be noted Of the total increase of 71-1 millions in net demand, other than Government, deposits about 43 millions represents the increase at the New York banks, this increase about equalling the net withdrawals of the Government from these banks. Reserve balances with the Federal Reserve Banks decreased 1 2 .1 millions and cash in vault l4 .5 millions 19 19 ; not e arlier. Re leased for publication Monday morning June 3, St -424a STATEMENT SHOWING PRINCIPAL RESOURCE •AND LIABILITY ITEMS OF MEMBER BANKS LOCATED IN LEADING CITIES, INCLUDING MEMBER BANKS LOCATED. IN 5EIERAL RESERVE BANK CITIES AND IN EEDERAL RESERVE BRANCH CITIES, AS AT CLOSE OF BUSINESS M$Z .<%, 1319* 1. p a t a f o r a l l r e p o r t i n g b a n k s i n e a c h d i s t r i c t ._______________ ( m -thousands o f d o l l a r s . ) ____________________________________________________________________________ _ Boston New York phi l a . ClevaI. Riolxa. A t l a n t a ' CM cago St.Louis Minn. Kans,.Cy- m lla s san Fran. Total No. reporting banks----- -- S3 47 36 ,31? 7^ 44 53 secure c i r c u l a t io n 1 ^ ,3 0 3 ^ 9 ,5 1 3 1 1 ,5 9 7 ^ ,3 6 0 2 5 ,2 7 0 1 5 ,6 1 5 2 0 ,1 1 2 1 7 ,1 0 6 6 ,8 7 0 1 4 ,1 1 2 1 2 ,3 2 4 3 4 ,5 9 1 O t h e r U# S* b o n d s i n c l u d i n g L i b e r t y b o n d s ------------- 2 0 ,0 5 0 3 ^ 2 ,8 7 1 5 3 ,2 1 2 8 7 ,3 ^ 0 . 5 8 ,0 8 0 4 7 ,2 3 1 , 1 0 4 ,7 2 1 3 0 ,3 2 1 1 3 ,3 3 1 3 1 ,3 6 9 , , 2 4 ,2 6 2 , , 4 0 ,1 3 6 U .S .b o n d s TT ^ to ^+5 107 f"*erti^i^a te s cif *in d ’’0t e o n e s s _____________ io 4 ,4 is To talV Loans A ll s. secured by u .S .b o n d s ,e t c . other 56 746 , 333 124 , 631121,892 s e c u r i t i e s ------ 1 3 3 ,7 7 6 1 , 1 3 9 > 3 23 8 7 , S ?3 , 1 8 9 ,4 4 0 5 7 6 ,7 4 3 l o a n s a n d in v e s t m e n t s 3 0 7 , 0 1 0 4 , 1 8 3 , 5 / 8 R e s e r v e b a l a n c e s w i t h f .R .b a n k C a s h i n v a u l t ------------ 6 7 ,3 0 9 21,3^9 4 ,q 4 o .7 2 S Tirne deposits------------ 10 9 ,0 5 9 . 2 < 329 70,500 2 5 0 ,2 1 2 1 6 5 ,0 ^ 7 101 63,436 227,764 1 5 3 850^ 1 2 6 , 3 ^ 1 1 0 ,3 ^ 1 ^ 3 ,6 5 7 5M 56 3 5 2 ,5 9 7 2 7 ,5 7 1 ) 1 0 1 ,5 8 3 37,733 ^2 ,97 5 51,703 37,103 6 3 ,1 7 6 s i , 184 7 9 ,6 8 ^ 1 6 8 ,7 3 2 2 7 ,3 1 3 1 2 ,5 5 0 6 4 2 , 0 8 2 9 9 8 , 5 ^ 0 3 8 b , / 9 y 3 0 5 ? 3 3 9 /l» ^ - 4 5 ,9 ^ - l 3 8 5 , 7 5 0 . 6 5 5 ,7 5 6 1 ^ ,2 2 2 N e t demand d e p o s i t s --------- 7 ^ , 7 8 6 6 5 ,^ 9 0 1 8 ,2 7 3 9 0 ,8 7 7 3 2 ,6 3 0 3 3 ,2 .6 3 1 5 ,4 8 0 6 5 I . 3 U9 8 0 4 , 8 4 7 3 1 1 , 0 2 3 20^34 2 9 4 ,1 ^ 7 9 ,2 6 7 2 8 ,7 7 9 1 2 ,8 0 7 1 6 3 ,4 2 7 64,662 2 ^ 4 ,0 8 3 1 ,2 4 6 ,8 ^ 4 1 1 6 ,3 7 1 ^3M 71 1 4 ,4 0 3 23 o . 2 1 1 4 5 5 , 0 8 2 3 7 ,^ 9 9 1 0 ,2 3 3 7 ,1 3 ^ 2 1 ,1 3 1 :4 5 ,4 0 1 8,650 1 5 , 7 3 2 2 8 5 ,7 5 1 2 2 4 ,4 0 0 3 9 3 ,2 2 1 37,737' 55,563 7 2 ?OSS No- r e p o r t i n g b a n k s --- May 2 9 --- May 23 64 65 S. b o n d s to secu re c i r c u l a t i o n --------- O t h e r u . S c b o n d s ine l u d i n g L i b e r t y bonds- ■ £j q c-^rtif ^ 2 3 3 ,1 2 3 3 3 ,2 2 7 2 3 2 ,6 6 5 1 ,3 ^ 5 ^ 3 ,8 3 1 May 23-~-May 23 254 255 se c u ritie s — Loans secured by U .S . b o n d s , e t c . -------- 6 7 i ,6 4 o 6 3 5 ,0 8 3 1 2 5 ,3 1 1 1 ,0 2 6 ,9 8 1 1 7 7 ,1 7 1 527 , 8 2 1 5 1 5 ,8 0 6 7 1 ,^ 6 E h a n k ________________ 1 8 ,3 0 1 S,S4o c a s h i n v a u l t -------1 0 0 ,5 3 7 N e t dem and d e p o s i t s -- 5 0 0 ,4 1 3 Time d e p o s i t s -------- . 2 2 0 ,0 8 0 - 1 6 8 ,1 /1 4 5 0 ,6 3 4 1 0 ,4 4 1 ,8 4 7 2 8 ,9 7 8 13b,6 3 9 1 ,7 2 9 ,6 8 3 Govern m ent d e p o s i t s --- Ratio of U*3*war securities and war paper to total loans and investments, per cent 8 3 ,5 7 0 2S*3 1 3 2 , 5^8 28*5 2 o S ,3 7 8 2 b 8 ,2 1 5 5 2 ,3 8 2 1 5 5 ,2 3 2 1 5 8 ,3 8 0 2 1 3 ,0 6 5 2 2 0 ,6 7 3 8 5 2 ,3 4 4 8 6 4 ,6 4 6 . • 1 2 5 , 5^6 1 , 1 3 6 ,6 3 1 1 , 1 6 6 ,6 3 2 1 7 3 ,8 9 7 1 , 7 1 9 , 0 1 8 1 , 7 5 6 , 1 9 1 3 0 7 , 32^ 3 1 0 ,5 3 1 2 3 4 ,3 6 7 3 0 0 ,5 3 5 1 , 7 3 3 ,5 6 2 1 , 7 7 7 ,8 6 8 5 1 9 ,7 8 5 5 2 5 ,5 0 6 6 2 2 ,1 0 1 6 2 9 ,2 3 2 2 ,S o 0 ,9 0 4 2 ,9 1 0 ,9 2 9 3 2 6 , 3^ 7 1 3 1 ,5 0 7 1 3 0 , 5^8 13 6 , 86s 1 3 6 ,3 8 6 1 1 , 1 3 4 ,7 2 2 1 ,1 7 9 ,5 3 7 3 1 2 ,6 0 3 , 3 7 0 ,8 2 6 3 3 , 193,030 8 4 2 , 4o 6 7 , 3 9 ^ , 3 ^ 1 6 4 ,5 5 6 7 0 0 ,3 ^ 3 206,622 4 7 ,1 8 8 21*7 3 2 3 ,3 0 1 . . 26 -^* 1 , 6 1 2 ,2 0 3 . , , ,, 1 , 9 7 2 , 1 5 s 1 , 3 6 3 ,1 6 9 __ , 1 0 , 5 6 1 ,6 0 4 1 0 , 5 1 5 ,0 9 6 . 3 5 8 ,4 0 8 . 21*6 May 2 3 --- May 23 772 773 1 0 ^ ,9 7 4 7 0 ,0 3 2 3 3 ,3 0 8 23-— May 23 356 2 0 ,21 cl_____5^1 >2^7 • Total 1 0 S ,0 o 3 1 1 6 , 7^ 2 1 1 1 ,6 0 0 4 ,4 5 7 ,4 0 3 2 2 2 ,3 5 3 1 6 4 ,2 9 4 176 5 6 ,5 2 3 , 3 8 ,4 2 6 8 3 5 ,0 2 5 1 , 2 8 5 ,8 9 1 3 4 4 ,0 6 2 5 0 ,6 2 3 3 , 7 2 4 , 3 1 2 3 3 7 , 0 1 3 8 3 3 ,6 2 2 6 , 3 6 8 ,3 7 1 6 , 3 3 3 , 7 2 4 1 , 6 2 1 ,0 7 5 6 3 7 ,6 9 3 1 0 6 ,7 2 1 5 3 ,60s 2 0 , JbS . 4 8 5 ,7 8 7 „ 6 1 6 ,9 5 3 356 1 ,1 9 ^ /2 2 10 , 5 6 1 ,6 0 1 0 3 ,7 1 2 Reserve balances with F 16 2 2 4 ,2 2 5 ■ 4 7 8 ,6 4 7 All o th e r loans a n d • i n v e s t m e n t s -------- 3 , 7 3 4 , 0 1 2 May 16 2 1 , 739,582 2 , 8 6 0 ,3 0 4 r 1 0 3 ,o 8 0 ». 1 ,0 0 3 ,8 6 4 M ay 2 3 --- May 23 >, - 85 2 ,9 4 4 1 ,3 6 9 te c of "in d e b t e d n e s s ^ - - - ----Total U .S . 3 9 ,0 9 5 May 2 3 --- May 23 44 44 9^,005 rJJ^o' 2 6 8 ,3 7 8 l S x ,S 3 1 y 5 2 - 5 .3.30 Government doposi t s --- ----- 6jk37^ 12^ >.2^ 6 2 ?J>3£ 59>7^2 29,3^1 3Q>Q55_____ 53:% °S 3^? 7 5^ 1 6 ,7 ^6 ^ 6 ? 1 5 > Zu Data for banks in Federal Reserve bank cities, Federal reserve branch, cities, and other reporting banks# New York Chicago All F*R»bank cities F J^b ra n c h cities in^^fan£f^>0r^>" U. . 7 ,3 ^ 7 ,0 1 0 7 0 2 ,4 5 3 1 6 8 ,4 2 6 170,321 5 5 ,5 p 5 5 8 ,7 1 6 3 1 ,1 2 7 1 , 3 3 6 , 2 4 7 1 , 3 1 5 ,9 5 7 1 , 7 1 1 , 2 8 6 5 1 8 ,7 6 3 5 1 5 , 536 - 5 1 0 , 5 7 7 3 3 ,8 4 6 1 ,7 0 7 ,7 8 0 ^ 3 7 ,^ 8 7 1 5 9 ,0 5 7 4 o i ,7 1 7 97,^5° r 26*7 26*2 r 1 5 6 ,8 6 1 1 0 8 ,6 6 7 » 26 1 1 3 ,S 3 0 _ „ 23 *8 1 1 7 ,5 1 3 . _ 2^«1 1,285,891 1 , 298,008 3 ^ 4 ,6 6 2 3 .5 9 ,1 8 ^ 1 0 ,4 4 1 ,3 4 7 1 0 ,3 7 0 ,7 ^ 7 1 ,7 2 3 ,6 8 3 1 , 7 1 5 ,5 ^ 2 5^-1,247 6 2 7 ,8 9 7 - _ ^ 25*9 ^ « 2b «2 C O N F I D E N T I A L St-429 Not for publication PERCENTAGES OF GOLD AND LAWFUL MONEY RESERVES AGAINST NET DEPOSITS, PERCENTAGES OF GOLD RESERVES AGAINST FEDERAL RESERVE NOTES IN ACTUAL CIRCULATION AND OF TOTAL RESERVES AGAINST COMBINED FEDERAL RESERVE NOTE:' AND NET DEPOSIT LIABILITIES OF ALL FEDERAL RESERVE BANKS. Ratio of gold and lawful money reserve to net deposits ?Tav 2 9 ----June 6 Ratio of gold reserves to F.R. notes in actual circulation Kay 29---- June 6 Ratio of total reserves to net deposit and F.R. note liabili tie s ccmbined May 29--June 6 June 6, 1919. Ratio of gold reserves to F*R. notes in actual circulation after setting aside 35$ against net deposit liabilities Kay 29--June 6 Bo ston 51-3 52-2 . 41.3 4q „S ^5 *3 4 4 .g 52.2 50.0 New York 59*6 64-1 42.0 4 2 .1 51*3 53*5 69.3 73-4 Philadelphia 4o.5 49.4 40-2 4o„4 4o *3 43.2 4 3.1 4 7.1 Cleveland 56.5 62*1 5S-9 §1*0 58*0 6 l,4 71.5 77.2 Richnond 59*7 52.6 34-6 37 *6 4 2 ,1 41-9 45,1 4 4 .6 Atlanta 55-3 4 4.4 42-7 4s.6 4 6.4 47.6 51*3 51-6 Chicago -45*7 60.1 69.5 66.4 60,7 6 4.2 75-6 so.o S t . Loui s 5^.2 45.5 5S-9 60. S 57.1 5 5 ‘6 70.5 66.2 Minneapolis 62.1 66.5 54-6 54 J& 57,4 • 59*2 70.2 74.0 Kansas City 55-7 5sa 43 -S 43.0 4 s -9 4 9 .1 59*^ 5 S .7 Dallas 4o *5 40.2 4 l .i 4i-0 4o.o 4o.6 45 .S 45.3 San Francisco 51-5 55*2 61-2 54,1 54.3 62.6 6 2 .1 49 . 8 50,4 51 -S 53.7 6 4 .1 To tal *i ........ .. 54.7 DIVISION OF REPORTS AND STATISTICS FEDERAL RESERVE BOARD JUNE 9, 1919* . 58-7 • . 66.5
@FedFRASER