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Released for publication Sunday morning June 2, 1918 Not earlier X-978 June 1, 1918 STATEMENT FOR THE PRESS. Liquidation in some volume of bills largely war and "bank paper and substantial gains in gold reserves are shown by the Federal Reserve Board's weekly bank state ment issued as at close of business May 31, 1918♦ INVESTMENTS: Discounted bills on hand show a decrease of 25.9 millions, the New York, Kansas City and Cleveland banks reporting considerable net liquidation of this class of paper. Of the total on hand, 62.7 per cent as against 65.4 per cent the week before, is represented by war paper, i . e . , member banks' collateral notes and customers paper secured by government war obligations. Acceptances on hand decreased 21.8 millions, the Chicago and New York banks accounting for a large portion of the de crease. New York reports an increase of 12,9 millions in its holdings of U.S.bonds, and of 60.9 millions in certificates of indebtedness on hand, the bank holding 60 millions of Treasury certificates in anticipation of payments to government account due from member banks in connection with Liberty Loan operations. Total earning assets show an increase for the week of 24.2 millions. DEPOSITS; Government deposits increased by 43.8 millions, Chicago and Cleveland reporting the largest gains of government funds on hand. Member banks reserve deposits show an increase of 4 .1 millions. RESERVES: Further gains Of 19.8 millions in gold reserves are shown. Owing to the large increase of both net deposits and Federal Reserve note circulation the banks* re serve percentage shows a slight decline from 62.4 to 62.0 per cent. FEDERAL RESERVE CIRCULATION; Additional ^gt^iseuefi of 11.9 millions of notes are reported by Federal Reservo Agents. The actuals/note circulation shows an increase of 22.3 millions, the New York, Philadelphia and Chicago banks reporting the largest increases under this head. The latter bank in addition placed in circulation during the week, $560,000 of Fed eral Reserve bank notes. CAPITAL; Payment for Federal Reserve Bank stock by newly admitted members largely in the San Francisco district, is mainly responsible for an increase of $81,000 in the amount of the Reserve Banks' paid-in capital. CONDITION OF MEMBER BANKS MAY 24, 1918* / Further liquidation of investments, notwithstanding very substantial withdrawals of Government deposits, is indicated in the Federal Reserve Beard's weekly consoli dated statement showing condition on May 24 of 691 member banks in about 100 leading cities, U.S.bonds other than circulation bonds, on hand show a decline for the week of over 43 millions, while certificates of indebtedness fell off about 11.4 millions. For the banks in the central reserve cities decreases of 23.6 millions in U.S.bonds and of 11.2 millions in certificates are shown. Total loans supported by Government war securities likewise show a slight decrease of 9.1 millions, though only at the oentral reserve city banks, banks in the other cities reporting practically no change in their holdings of . o l f i s ^ d e c r e a s e of 57.9 millions in other in vestments is shown mainly for the banks outside the three central reserve oities. Of the total investments reported about 17.8 per cent is represented by U .S . war securities and loans protected by such securities. For the central reserve city banks this ratio works out at 22.9 per cent, and for the banks in Greater New York at 25.9 per cent. Net demand deposits of all reporting banks show a decrease of 53.1 millions and time deposits - a decrease of about 32 millions. For the banks in central reserve cities corresponding decreases of 40.3 millions and 21 millions are shown. Net with drawals of Government deposits aggregated 255.3 millions, of which 197.2 millions represents the amount withdrawn during the week from the banks in the three central reserve cities. Aggregate reserves decreased 15.9 millions and cash in vault - 13.6 millions, practically all at banks outside the central reserve cities. Owing largely to the considerable withdrawals of Government deposits the ratio of total investments to totai/deposits shows an increase from 108.8 to 111 per cent. For the central reserve city banks a rise of this ratio from 105.4 to 109.2 per cent is shown. The ratio of combined cash and reserve to total deposits declined from 13.5 to 13.3 per cent, though for central reserve city banks this ratio shows a rise from 14.2 to 14.8 per cent. Excess reserves of all reporting banks work out at about „79.9 millions, as against 88.3 millions the week before. For the central reserve city banks corres ponding figures are 55.1 millions compared with 49.2 millions on May 17. Released, for publication S-gnday morning June 2', 1918 ? f f T S f n T ? ™ h. EES0UliCES o f the twelve m m i U56 IT ^ tX o ' Gold coin and certificates in vault i S S S i S S S - ^ - . U " ^ 25“ ? £ ’ s^sltaiooo hn® V x L *nnn ’ 626^000 nnn h-10 1 ' 975’ 709-000 ^ £ 1-17 onn M ' Z — USU4SWM! s « i :s § :3 S .3 ,,P55.» 000 9^ ’ f | ' 000 l a r a s n ' te'ofl* £ £ (a) s 1917 32333500, * f l 36 1.877.&U.OOO — ^, , 351, ^07, 000 537’ 000 3, 525,303,000 yc l|gc 000 13**000 1 S ^ 387 '000 o f i i ^ ’ ^PP. V o ^ ---------------- -- — 29,000 & e c t ™ bn i U ” ” a° ° ° ”nt Other deposits^including foreign Gov't, credits Total gross deposits a s g :S :£ 1’301’m 0 0 ° apital paid in Surplus ovenunent deposits note liabilities combined I S x-9T8i 11 Jm e — 29,115,000 1 , 292, 023,000 ^01 190 000 3, 626,300,000 75, 5* 6,000 1, 13*, 000 166, 191,000 note liabilities combined Ratio of t0Pf«al reserves to net deposit and F.fi. 1918 in* 1*27 1 1 1 0 0 0 l i a b i l i t i e s iotal gross deposits F.R. notes m actual circulation F.R. banknotes in circulation -net liability All other liabilities TOTAL LIABILITIES Ratio of gold reserves to net deposit a-nd F.R. or busihess may 3 1 , 1 91g . S 1153 730 000-g (a) 19,1<*,000 F.R. baxdc notes TOTAL RESOURCES ’: 8 1 Total earning assets fund against A11Redemption other resources 1918 S97.357.OCfl ^ue from other F.R. banks, net Uncollected items Total deductions from gross deposits » Redemotion fund aeainst F.R. ba-rilr nntos H E s W ^ S a o s E - 2 7,993,000 R ^ ’S n B i n T d i » ™ e Sd for members and t.B . banks O-S-Oovemaent long-term securities _. S ! Total gold reserves Legal tender notes, silver, etc. . ^ .g 7 ,0 0 0 , 3,677,000 -77>092,000 120,769,000 'Uob'ooo huu.uuu ...^ 5,905,000 I, * , 122,350 000 75 392,000 56 925 000 56, 925,000 » , 1 .U36, 28^000 7a ;i U 6 ; 1 . 99>*. 71*5.000 1 , 600, 962,000 g 32* 000 _.,1P7.<X>3.0W 1 , 909, 025,000 1 572 621 000 iS th n n n . 1 , 000,Ogg ~952 n 5 000 uluafii’fSn ‘+04,865,000 nrtn TTsHSHvS » > 60. 2$ £2. » ; — I l x29^,000 — ------- §33,000 3 ,5 5,303,000 1 , *75,392,000 £i l» 2y 6g .l $ u 77«*% go.3 # Released, for publication S-un^y morning Jpne 2 , ’ igiS Not earlier. WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF (^n thousands of dollars) R E S O U R C E S BUSINESS MAY 31 , 191s. X~972b Boston .New York. Phila. .Clevel. Richm* .Atlanta, Chicago *St „Louis 3,452 329,324 9,123 21,705 6,364 6,70s 22,176 1,944 Minn* Kans.Cy. Dallas.San Fran. Total Gold coin and certificates in vault 2,269 453 5,430 35,169 456,177 Gold settlement fund F.R.Board 62,929 1,207 52,169 52,157 23,715 12,720 22,657 40,637 27,903 28,475 7,986 13,962 425,237 Gold with foreign agencies S J a x 2,2,112 J L 6 I 5 _ J l I 2 5 l J U S Z ... 1 , 57-5___ 1,350 2,100 2.100 2,625 1,232 2.88'fl 52,500 Total gold held by banks 76,116 349,303 64,967 78,527 31,916 27,063 124,123 44,621 32,27a 31,553 15,254 52,019 933,914 Gold with Federal Reserve -Agents 63,122 247,264 26,059 117,295’ 32,270 37,593 i 64, 4is 40,624 34,530 36,90s 19,147 76,029 955,919 Gold redemption fund —^ .500— —U1QQ--- 3JLS_____ & & _ _ .I.,.29? 2.102 1.711 2 . 1 QU -X&5___ 1^258 i 4s 27. qq^ Total gold reserves 141,232 0 0 9 ,0 ^ ^ 1 5 4 ,0 2 6 196,200 65,420 65,953 290,709 27,016 74,996 69,226 35,659 12s,256 1,917,226 Legal tender notes, silver,etc. _a as9L ____ _______________ _______ 1 U I9 ,______ k5Q_____ 3-90 854 4,523 U m _____ u a . -^5--2jiS6____ _238____ 57,883 ^otal reserves 143,597 652,310 15:5, 205196,650 65,270 66,207 295,292 22,1*93 75,115 69,671 38 , 145122 , 551+ 1 , 975,709 Bills dis. for members & F*ILbanks 43,215 402,275 42,240 47,252 49,027 24,239 26,274 31,257 26,330 65,463 30,022 41,297 897, 35Bills bought in open market .2$»QfiQ 133 , 4?0-- gQ,Q£2 in. Hop 2-r-TSl 3 , 84^. .30,621____6, 643. -34113--- 635— — 9^0— 19.3&4___ 25&JJ. ^otal bills on hand 66,275 541,695 63,202 57,750 51,224 22,679 116,295 37,900 29,343 66,098 3l,00;2 61,861 1,153,730 Government long-term securities 616 15,641 1,347 7,200 1,233 730 7,090 2,231 1,845 8,865 3,981 3,461 54,842 U.S*G v!t, short-term securities l,54 i 64,354 2,143 9 , 1+57 1,524 1,202 3,oo4 511 l> 35 £ 3,706 1,530 1,758 92,082 other earning assets 53_____ 54 -jQ._______56. 53310 736 ^otal earning assets 69,032 621,690 67,292 75,007 54,581 30 , 661+ 127,043 40,674 32,596 78,669 37,046 67,090 1,301,390 Due from other F.R,banks, net 16,222 — 10,144 1,412 — 1,609 * 19,191+ Uncollected items' 24.226 . 20., 915- 60.052 33L 7.45 2q.i+73 26.991 45.^01 45,367 9,801 3 0 ,1 2 2 14,761 20,377 427. VS1 ^ota deduct, from gross deposits 24,226 20,915 60,052 56,033 29,473 26.991 55,645 45,367 9,801 14,761 21,986 31,534 408,137 % Sedei.p. fund against F-ILBk,notes 100 389 626 137 All other resources _2QI -231 438 TOTAL RESOURCES 236,855 1355,146 282,762 327,690 149,924 124,1+62 478,020 174,534 117,512 180,263 90,029 217,630 3,686,306 &11 5 0 .1 L I A, B I 1 1 I I I S Capital paid in. Surplus Government deposits Due to members, reserve account Collection items Due to other F-R- banks, net Other deposits incl.foreign G vTt . credits Total gross deposits notes in actual circulation F.R.bank notes in cire.,net liab. All other liabilities 0 6, 467' 75 14,479 ‘ 91,968 18,492 21+7 125,126 104,475 19,755 649 21,572 612,641 54,766 21,341 6,939 2,537 32,544 111,591 36,812 23,192 4,215 11,200 29,231 3,812 3,024 9,71+5 116 40 216 6,900 6,288 22,142 42,99932,247122,971+ 21,1+37 16,232 22,71+8 6,869 3,519 r*T-r ioi,3i4„ JQ 5_ 217,634 142,064 167,932 78,205 517,102 133,759 150,428 67,611 : 6 3,623 2,785 3,510 14,625 10,275 46,631 39,164 33,178 10,011 11,171 1,176 8,908 66,082 38 3 .3 85 64,292 231,21+9 105,709 57,089 235,163 64,716 560 ISO---- 17- 1,147 1+26 60,671 53,610 19,937 — — 2,968 4,381 4,021 75,546 1,134 12,637 71,562 13,772 166,191 , 440,413 278,698 41,323 8,115 109 ----- 3,924 log. 41+3 94,927 53,568 101,955 1,994,745 72,854 33,198 110,957 1,600,96s 7,764 2,324 -652______ = _ _____ ===----733Una -U-208. -355--- 33,7 5.581 236,855 1355,146 222,762 327,690 149,924 124,462 478,020 174,534 117,512 180,263 90.0P9 217,630 3,686,300 *' Difference between net amounts due from and net amounts due to other F.R.Banks = Net amoixvt due to other F. R. Banks. total l ia b il it ie s Released for publication Sunday morning June 2, 1918 Not earlier. STATEMENT OF FEDERAL EESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS MA.Y 3 1 , 19 IS. FEDERAL RESERVE NOTES Received from Comptroller Returned to Comptroller Chargeable to F.R.Agent In hands of F.R.Agent Issued to F.R. "banks less amount returned to F.R. Agent for redemption X-978c (In thousands of dollars) .Boston .New York. Phila. .Cievel. .Richm. .Atlanta. Chicago. St .Louis . Minn. .Kans-Cy. .Dallas San Fran. T0tal 92,200 73.980 103,700 . 68,500 75,592 16,525 320,880 , +..LJ 303,273 44,680 77,646 9,390 60,531 52,882 121,933 2 , 006,627 19,300 .....27Q, l„40_ 59,073 252,593 68,256 ,_53^2I6 1^2,580 . 'rJ.i 123,152 13,740 875,880 190,200 196,060 107,060 92,740 680,878 112,800 152,219 13,740 + 2 , 0^ 180,235 20,840 85,820 6,260 109,412 568,078 144,479 159,395 79,560 4,655 86,520 8,210 78,310 . 33,-522 131,640 1 2 1 ,^ 3 2,405,420 . 1 ,73.6^41. x.. COLLATERAL HELD AS SECURITY FOR OUTSTANDING NOTES: • Gold coin and certif.on hand 12,000 5.622 Gold redemption fund Sold settlement fund,F.R-Ba. 45,500 Eligible paper,minimum req,d. 46,290 109,412 Total AMOUNT OF ELIGIBLE PAPER DE LIVERED TO F.R.AGENT 169,743 12,521 65,000 23,512 2,777 320,814 568,078 7,335 72,674 58.420 144,479 159,395 1,370 31,500 46,690 79,560 541,695 52,253 57,750 50,286 85,000 2,504 2,169 32,920 13,102 21,480 59,073 372 1 64,o4o 94,175 252,593 2,155 32,4&9 27,632 68,256 21,346 55,276 2^548 34,360 41,402 72,310 21,581 111,847 33,355 23,884 62,372 1,928 19,500 11,581 1,932 232, 44s 53,428 6,593 5,524 69,496 670,043 33,522 45,244 121,933 780,628 1,736,5^7 31,002 52,223 1 , 112,323 68,256 55,376 72,310 33,522 121,933 56s ,078 144 ,479 159,395 79,560 59,073 252,593 384 10.976 .. _3 ,5 t o _ _ 2 ^ £ 6 _ _5J± 5£_ .. sx M d jjuaka___ _ 50,.92.0 ___ .._ m * m . ..ksoz 1.50,42 8 .. 67.611 57,089 . 235»l63.___ 64 , 7-16___ 53^610....JZJSSk.. 33.198 I I P .957 1,736,547 135,579 I . 6OO.968 66,875 42,100 14,435 M EMOEA N D A FEDERAL EESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION F.R. notes outstanding F.R. notes held by banks F.R. notes in actual circul. 109,412 DISTRIBUTION OF BILLS, U.S. GOVERNMENT SHORT-TEBM SECURITIES AND WARRANTS BY ivlATURITIES. Within Bills discounted and bought U .S.G 0v 't short-term securities Municipal warrants 15 days 661,804 62,120 457 30 days 110,168 l6 to 10,185 4 3 31 to 60 days 187,415 5,411 l 6l to 9° days 159,874 Oirer 90 days Total 3 4 , 4 6 9 1.153,730 1 4 , 3 6 6 92,082 501 •Released, for publication Sunday morning June 2 , IQlg statement 1 m om * ^. i t h .,s o f x u r a b I ^ loW d a centm n o n , SELECTED CITIES AS AT CLOSE OF BUSINESS M Y 24 191 g p b iu c z p a l D , h f v an m v L t re in! teriVp ™ ^ r i c j ^ J l n thousands of dollar )_________ ’ No- reporting banks ° 42°n . ^ q g ^ . ^kq a ‘ 'Cl®^el* ;Atlant& Chicago ' 9 ‘ s S i S , . ’ ^ ’ 016 O t b s r V s . bonds including U - S1 on indebted- l 6 ’36? J r r ^ t r s r , ^ . 2S5' 71° S S * - * ® j w - e with F.E.Bank 32 95 7 S3 ______________ ^ - l6 ’ 879 34 ’ 105 265, 44g 18’ 11(9 15'*t" 18’ 376 592.695 £ 8 S S S S 21’ 9° S lM 9° 18’ S1? 17,392 6 >l6S lU ’ 012 * •* * * 20,889 71,896 17,889 11,730 8 8 :S £ :S 27,362 1‘t' 006 ^ l i s o f “ ’S S f a i : r 4 osits * i « « « ,.* « .* 72 3 3 3 ' 7‘t0 M * %'W* 8 & ^ i d & | U?l r 7 ^ 2 f ™ S ’lpn orilib t i f f i n & & £ £ . 40 “95 . 5.1X6 " S 'm U-S. certif. of indebtedness 7gs’ 777 Total U.S. secilritieS 10*826 Loans secured by U.S.bonds,etc., ,ggR 798*990 1 104 239 * “ ” 247 • r - 1 1* M i 257,’^3 i f 3>« ^103° Jo’7^7 J : W S ’S S u ‘t a w 1 l 1 «4? *iS i s 492.1*1*1 U fA fl I :% « | i 1 :1 X il:l! 11 I??'!1? 25?'f ?3 17j-?9J 3 51 ' 821 135,77* J6k,sis s, 869, 51*2 & g f % % 21; 8g $ ;f * k* Sn* ^ ,4 0 8 ^ 170, 1+57 236,74l ?P i««o« i f g r ' ‘ ^ 2 >' , ^ ‘ , lkS ’ 172, 25!+ 46,133 46,103 265,kkS — — - 17 688 266,765 253,082 4 5 ,1S7 *±8,296 592,695 635,731 *713 ^ ’?93 36’*73 37, >K>9 1,1*1,692 l . l ^ o k i S ’ q ^ 12S^ 93 131«f?S 1>?99,S35 2, 055,544 8RT^4fi l I S ’i m '297 27^003 284^43 Ir ’ S i 1 k* *c*' ^ ,S5S . i :S :8 l 5.«U3 Data for banks in each Central Beserve City, banks in other reserve c i t i e ^ ^ ^ t h e r r i o i t i i ~ t e r i k s 7 ”’ ';‘ ’ ""' : -X V w - r U-S.bonds to secure circulation x- , 023 36*73 i t o ' lnlo o' Other U.S.^onds inciuding 37> 3 57 ^ 10,392 s ^ G— 9U - 15,22“ X' 978d 691 3? * om m 47 65 S B A lfo ih e r loans and invest- 2T. • and ___________ -St.Louis Minn. :E^ns.Cy; Balias:San Fran T0tal IT U.S-boSa. to secure circxla- bes ™ 1 >m i s :l 1 :s 7e k’i U h- ¥ i 3- I I 3,? :s S 6l p 79,'Ho § ; 51 r7 |S:SS? 7X i S K9s: i l i s ? : i s ^ \:l$Z Not earlier. ' Released t*r publication Sunday morning June 9, 1910 June 8, 1918. STATEMENT FOR THE PRESS. X-?JO Gains in discounted bills held, offset in part by liquidation ®f Government securities and accompanied by slight increase in the Banks' gold reserves are indicated in the Federal Reserve Board's weekly bank statement issued close of business on June 7, 1918. _ INVESTMENTS. Discounts on hand show an increase of 87.1 millions, New Yurk, St.Louis and Philadelphia shewing the largest gains far the week. Of the total •n hand -63.7 per cent, compared with 6?-.7 per cent the week before, is repre sented by member banks* collateral notes and customers’ paper sapgoMed by U.S. war securities. Acceptances on hand show a further decrease of 7.8 millions, mainly at the Chicago and lev/ York banlcs, U.S. security holdings decreased 49.6 millions due chiefly to ths redemption during the week of 60 millions of Treasury certificates held by the New York bank. Total investments went up 29.4 millions during the week. DEPOSITS: Government deposits increased 13.7 millions,and member banks' re serve deposits - 9.1 millions. Net deposits show a decline of 10.2 millions. RESERVES; Gold reserves increased 1 .4 and total cash reserves about 2 millions. New York reports large gains in reserves, mainly through transfers for Government account of credits in the Gold Settlement Fund. FEDERAL RESERVE CIRCULATION: Federal Reserve Agents report additional net issues of 33.3 millions of Federal Reserve Notes. The actual note circulation cf the banks increased 39.9 millions, of which 1.2 millions represents the increase in Federal Reserve Bank note circulation reported by the Chicago and Kansas City banks. CAPITAL: Payments for Federal Reserve Bank stock by newly admitted members accounts largely for an increase of $116,000 in paid-in capital reported by 11 banks. CONDITION OF MEMBER BANKS MAY 31, 1918 Substantial gains in iattgfcidu&l demand deposits, accompanied by noderate withdrawals of Government deposits, are indicated in the Board's weekly statement showing condition on May 31, of 689 member banks and trust companies in about 100 leading cities. Treasury certificates of indebtedness on hand show a further ce cline of almost 100 millions, the banks in the central reserve and in other re serve cities reporting about equal reductions in their holdings. U.S.bonds on hand (exclusive of circulation bends, which show but slight changes from week to week) increased about 17.4 millions, though the banks in the central reserve cities report a decrease under this head of 2.9 millions. Loans secured by U.S. war obligations went up by 20.5 millions, about 70 per cent of this increase being the share of the Central reserve city banks. Other loans and investments of all reporting banks gained about 10,5 millions. Of the total loans and investments, the share of U .S. war securities and loans supported by such securities was 17.4 per cent as against 17.8 per cent the week before. For the central reserve city banks this ratio works out at 22.5 per cent, and for the New York City banks at 25.2 per cent. Net demand deposits of all reporting banks show a gain for the week of about 156 millifas, nearly all at central reserve city banks. Time deposits increasea br over 10 millions, the New York banks alone reporting a gain under this head of ; aDout 12.5 millions. The week saw net withdrawals ef 119.4 millions of Government deposits, 77 millions representing the net withdrawals from the central reserve city banks and 34.6 millions the net amount withdrawn from the banks in other re serve cities. Aggregate reserves, all with the F.R.banks, declined 9.5 millions, the bank;3 in the central reserve cities showing a decrease of 6.75 millions, practically nc change is shown for cash in vault. Owing to the decrease of total investments and the simultaneous increa&e cf total deposits the ratio of investments to tctal deposits of all reporting banks shows a decline fr»m 111 to 110 per cent. For tne central reserve city banks a much larger decline of this ratio from 109.2 to 106.9 per cent is noted. Similarly the ratio of combined reserve and cash to deposits of all reporting banks declined from 13.3 to 13.1 per cent, and for the central reserve city banks from 14.8 to 14.4 per cent. Total exceee reserves went down from about 80 millions to 50.4 millions. For the central reserve city banks a corresponding decline from 55.1 http://fraser.stlouisfed.org/ millions t<P 28.5 millions is shown^ Federal Reserve Bank of St. Louis IP * T' 1e r':1- p’xb h k cat ion Sun da.y ino^n f ? ? „ " * * * * * w o . •' V u » a i i i i . « m V W * , L :L I m h& co3d CO.In and certificates in vault Jc -1 settlement fund, F.R. Board 'o-cio with foreign agencies Total. gold held by banks uold with Federal Reserve Agents Gold redemption fund Total gold reserves -_.A ^ 1 , P P 0 984,492,000 2Ug.qUg .000 1 a i d ’ X-’^DK non UOO’ S -- Total deductions from gross deposits 5>£ Bedecption fund against F.R. banknotes All other resources TOTAL RESOURCES l i a b i l i t i e s p -- , 6 7 5 .................................................... 7 * 6 » . 5 7 3 . ? o o g ^ s o ’ooo 855 000 1 7 m , 703/006 3,000 1^1^1^000 .f 37.693,000 1,301,390,CX)0 358,612,000 *94,000 4,’811 ’ 000 1^ ^ 135.270.000 233,291,000 36,387,000 83,298,000 ____ sij6l L £ D 0 30U.730.0GQ JO^Sltt^OQO ^08,137,000 626,000 _______________ 438 ,000 3. 6s6,300,000 , ’ -- - r 4 £ y j v yO ^ j , i - E ; - i S ' S 2 1,600,968,000 8,324,000 * 08b,300,000 '^ Q?r\ <0 ^ 400,000 5,476.000 1 , 725,540 000 m 75.546,000 1Q1 ^ ' 59 -2p' 6l.fi$ _57,383,000 §5S.?,37? ?QQQ 1.153.730,000 54,842 -000 92,032,000 ->J33.^°Q0 6 2 , 0 0 0 1,978,893,000 i F. B* bank notes in circulation - net liability All other liabilities total l i a b i l i t y Ratio of gold reserves to net deposit and F.R. note liabilities combined Ratio of total reserves to net deposit and F.R. note liabilities combined (a) Net amount due to other F.R. banks , 13U 000 179 , 876,000 £ 1,449,486,000 239,971.000 109, 560,000 ’OOO ■ 8Q7 ^ 7 000 1 ’975.709,000 1,051,511,000 ^ 7 , 3^ 7,000 98, 021,000 ‘ . m s X~9^ r ^ 31) 191S Jwie 8, 1917 456,177>000 . 330,001,000 205,886,000 — ,914,000 535,837,000 955,919,000 % ,2 0 1 ,0 0 0 2,7 30 ,00 0 1,013,818,000 l 'w a CTx’nrih h0? R?Q nn0 6x7 nnn DJ>r,uuo ___ " *' * N 3 .^oj i n Surplus Government deposits Due to members - Reserve account Collection items Other deposits including foreign Govt, credits Total gross deposits C IO ® OF b u s i e s :m m j, cuSffS’ S S iS ’ S r J J K ^ V o h ’ /vS Dae from other F.R. banks; net Uncollected it ems ' i t a l bank, „ 1 . 917. 826,000 — 5|d |1^20 Bills discounted for members and F.R. banks -bills bought in open market Total bills on hand U.S.Government long-term securities J* S*Government short-te nn securities All other earning assets Total earning assets a p b l n v f ^ f ’o™ 425,237.000 - 5 g » .m 0 0 0 953*2f55*000 PK 5 ? ’n m ___ SL512LOOO Legal tender notes, silver, ate. Total reserves C ^ 57.0C0,G00 1,13^,000 ______ 228,125,000 775,771,000 181,321,000 _______ 1,000,000 m ^ . s t - o o o , 48l’ 469>000 * °y>r „ ---L-JEfcjlQO 1>725,54o 0C0 fin =*£ jk .6^ *° 77 . 4j£ .?■ - for publication Sunday morning Jtaie 3, 191c. WEEKLY STATEMENT OF RESOURCES AND LIABILITI Not earlier OF EACH OF THE FEDERAL RESERVE BAHKS AT CLOSE OF BUSINESS J W E f , (In thousands of dollars.) R E S O U R C E S Boston ew York Phila. Clevel. Richm. Atlanta Chicago.St.Louis.Minn. Kans.Cy. Dallas Gold coin and certificates in vault. 2 909 33<S,171 9,234 21,628 6,370 6,740 28,756 1,905 8,404 83 5,675 Gold settlement fund,F.R.Board 72 [502 28,189 54,775 63,342 17,967 21,315 66,926 27,470 17,702 22,859 6,723 Gold with foreign agencies -3,67.5 —16 »822-- ----- a„.725 1 . 837---___________________ 2.100 1 838. 2,100 2.625 Total gold held by banks 79,086 381,252 67,684 89,695 26,174 29,630 103,032 31,475 14,236 28,206 25,567 Gold with Federal Reserve Agents 6 3,037 246,807 87,912 116,873 32,669 32,857 166,667 40,555 34,400 36,858 19,122 Gold redemption fund 1 2 r500 ..£,000 3.000 399 B72 - L 4 1 3 -2.223 l r7Q0 —^ .3 6 ? ____ ?.aZ. _ 1.256-. Total gold reserves 144,123 640,559 158,596 206,967 59,415 63,960 271,922 73,730 64,993 63,217 34,614 Legal tender notes, silver, etc. -3 ,A £9-- 4.V828___ 1-048 410 ^71 94 3B9 2.288 --- 222-- 5-025__ J.^325 Total reserves 146,612 684*387 159,644 207,377 59,786 64,669 277,117 75,055 65,087 63,606 36,902 Bills dis.for members & F.ILBanks 47,013 462,099 49,599 45,796 49,555 25,923 93,160 39,285 30,703 68,150 33,443 Bills bought in open market 21,811 .130, _ A 3 8 0 26.151 5.959 2.375 600 720 Total bills on hand 68,824 592,679 72,713 55,849 53,067 30,303 119,311 45,244 33,078 68,750 34,163 U .S.Gov't. long-tern securities 616 1,347 25,283 7,800 1,233 730 7,090 2,233 3,981 1,845 8,865 U.S.Gov't.short-term securities 1,541 4,814 2,127 9,592 1,524 1,2 07 2,979 511 1,334 3,61 3 1,490 All other earning assets ___ 52 47 30 28 519 Total earning assets 70,981 622,776 76,187 73,341 55,824 32,292 129,427 48,018 36,285 81,228 40,153 Due from other F.R.banks, net 7,477 1,073 9,891 2,085 3,014 2,822 Uncollected items 31,398 55,306 29.369 - IL J 3 1 46>195 34,465 26,679 t,4t5 31,643 17,523 Total deduct.from gross deposits 25,031 7 5 ,1 .3 46,135 41,942 27,752 31,398 65,199 31,454 11,499 34,46 5 17,523 5$ Redeqp.fund against F.R.Barik 100 ... ... 400 137 notes All other resources TOTAL RESOURCES !42 ,624 1382,356 282,^,26 322,669143,36? 128,379 471,843 154,027 112 ,L 7 $ 7 9 ,6^9 94,715 » v * L I A B I L I T I E S Capital paid in 19,777 i ,474 6,939 8,557 3,815 Surplus 649 75 116 • •• Government deposits 23,062 16,826 18,846 26,478 8,423 Due to members, reserve account 39,040 640,968 91,102 109,456 42,844 48,464 29,815 22,859 17,855 Collection items 15,920 Due to other F.R.Banks, net 22 14,385 228 %%** • ** Other deposits including foreign Government Credits 137 „XQ2Ljt2fi. *- .. Total gross deposits F.R.notes in actual circulation 107,327 536,764 135,004 154,347 70,016 F.R.bank notss in circul.,net liab. All other liabilities 704 597 92 626 293 TM A L ^ J A J J L I g J g l bet„aeI, net IP M l 9,771 3,034 40 216 10,334 15,766 34,652 181,909 19,897 20,576 3,627 ' •* 16 2,136 3,627 ,,, 18,797 46,118 20,298 104 56,748 23»,498 65,004 1,700 _____ 31 1J571 ____579 2,786 3,522 38 12,736 10,319 38,735 63,644 4,399 19,629 %%% » «* 82 ... 53,635 73,374 ... 7,880 460 1,331 x-990b 1918 San.Fran 35,747 17,905 2.88856,540 80,498 . 122. 137,167 295 137,462 39,766 59,053 3,461 1,769 18 64,301 <• * 19,635 19,635 Total 463,622 417,675 51.2BQ. 932,577 958,255 £8 , 4.31. 1919,263 56.46^. 1977,724 984,492 248.542 1233,034 64,484 32,601 694 1330,813 i 1 ,605 400,924 402,529 637 221,398 3711,703 <:,970 4,390 7,740 38,662 8,850 2,037 10,549 72,356 11,409 4,458 75 ,6o2 1,134 179,676 1449,**,$ 239 ,971 * * •■ *« 34,073 383 •£-71 179 ,r9S 94.715 3,159 101,931 114,789 109,560 1978,89 3 1639,579 9,560 6 ,8 5 5 288 221,33*. a7 U , f 0 3 i or X'X'b't ica-ti on Sunday morning June j ;.: STATEMENT OF FEDERAL FEDERAL RESERVE NOTES jceiv^d from Ccontroller stuxned to Comptroller ihargeable to F.R.Agent i hands of F.R.Agent [sued to F.R.Banks less amount returned to F.R, Agent for redemption Boston P V 1*7 ...f.. Ur 1.V New York Phila. t X W :x-990 c a r*nr\'rTir,*iC* i i U w O Jxv J L O * *t J x -a •• c* : \ J .U \ J O jJ Ox 3US1NES3 JUNE (in thousands of dollars.) Clevel. Richm. Atlanta. Chicago 157, 44o sss,4go 197,360 197,260 109,260 3^5.82...199,741 32,128 16.247 21. 72g 126,857 l b ,600 &5S;-739 105,400 165,232 92,740 17.576 110,257 583,339 146,332 18,900 is i,o i 3 323,380 18 , 219, 305,161 44.320 191S. St.Louis.Minn. Kans-Cy. Dallas 92,200 ,14,623 77,577 —8 ,.590 73,980 13, 60,401 104,700 17,459 87,241 J k f e 8,210 San Fran Total 68,500 135,420 2,440,720 9,799 407,164 52,818 125,621 2 ,0 33 ,55 6 263,680 13,510. 15,682 15.240 87.532 7.1H O 75,364 I 6 , 5g5 165,773 80,42? 59,039 260,840 68,937 55,946 79,031 -- 13,102 47,755 80,422 2,503 1,934 28,420 26.182 59,039 166,095 94,174 260,841 38,459 28,452 68,987 21,546 55,946 — 11,581 — 228,446 2,498 1,957 6,502 52,221 34,360 5,584 75,996 677,588 ___ 1.5.?166.... 45,123____ 7 9 , 0 5 1 3 4 , 2 8 8 125,621 1 ,7 ^9 ,87 6 52, 73 s 26,487 112,003 34,824 27,816 64,365 34,163 52, 0 1 5 1 , 193,629 79,031 34,228 125,621 1 , 769, *76 125,621 1 , 769,876 34,288 >LLATERAL HELD AS SECUBITY FOR OUTSTANDING NOTES; >ld coin and certif. on hand >ld redenption fund »ltt settlement fund,F.R.Board igible paper, mimimum re^d. Total OUNT OF ELIGIBLE PAPER DELIVERED TO F.R.AGENT 8 , 0C0 169,743 5,537 12,064 49,500 47,220 110,257 68,824 7,738 65,000 80,174 336,552 58,420 583,339 146,332 592,679 71,866 23,517 8,356 85,000 48,900 165,773 55,849 — 1,169 31,500 572 2,096 1,798 19,500 M E M O R A N D A FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION. R. notes outstanding R. notes held by banks F.B. notes in actual circul. 110,257 533,359 2,250- 36x515. 107,327 536,764 146,552 11,323 135,004 165,773 11,426 154,547 80,422 10.406 59,039 260,841 70,016 56,748 238,498 2.291 22.343 63,987 3-? 925. 55,004 55,946 2,311 53,635 5 J m _____- 215 73^57^ 3M 73 10,832 , 150,297 11^789 DISTRIBUTION OF BILLS, U .S . GOVERNMENT SHORT-TERM ? iCURITIES AND WARRANTS B¥ MATURITIES Within 15 days 11s discounted and bought S.Go^’ t. short term securities nicipal warrants 729,429 3,043 %6 16 to 30 days 31 to 60 days 103,784 198,720 1 3 ,6 5 5 1,536 43 6l to 90 days 162,771 1,660 1 Over 90 days Total 58,330 1,233,034 12,707 32,601 500 1 , 639!579 L UU X L- JLUii Ul 2-Ut x o m I A g U v e 9 , l'*l?? Not earlier X-990d STATSSITT SHOWING PRII-TCIPAI RESOURCE A2JB LIABILITY ITiaiS OF MEMBER MNIC3 LQGAIED IN CENTRAL RESERVE, RESERVE Aim OTHER SELECTED CITIES Ai AT CLOSE OF BUSINESS MAY 3 1 , 191 s. Data for all reporting: 'banks in each district. (In thousands of dollars.) Member banks Boston Hew York Phila. Clevel. Richm. Atlanta Chicago St.Louis Minn. Kans. Cy. Dallas San Fran. Total Ho-reporting banks *2 81 98 49 64 32 37 95 72 33 38 48 689 U.S.Bonds to secure circulation 14, 62a 43,3*1 12,978 21*158 14,390 19.142 17.392 5*919 13 * 787 17»074 35J355 266* 524 Other U. S.bonds includ - -At : 5 1 . 3 6 7 ing Liberty bonds 275,590 25,357 68,807 25,226 24,736 15,381 13,207 18,253 77,413 25,801 16,052 24,225 610,048 U.S.certificates of indebtedness 30,772 762,004 39,124 12,127 18,4lS 3 2 ,3 % 55,292 20,642 15,768 14,970 32,181 1 , o4i„ fijs 9,177 Total U.S. securities 60,774 1 , 088,961 77,459 144,491 57.544 151,347 5S,57i 47,808 63,335 28,303 48,096 90,761 1 ,9 1 8 ,% 0 loans secured by U.S. bonds, etc. 54,151 2S7 , 4o4 35.849 46,910 16,220 6,o4o 30,059 14,343 4,502 4,672 5,845 6,967 512,962 All other loans and investments 635,7^3 942,889 316 , 2*3 265,944 1,342,098 375,213 235,341 459,205 162,311 489,784 10,004,162 Beserve with F»E. bank 66 , 7 S3 589.113 78,808 54,591 24,728 24,266 133,502 34,001 39,336 17,935 45,844 1,122,664 13,707 Cash in vault 24,765 U 9 .9 9 9 32,087 20,469 15,259 14,522 62,786 13,625 8,822 15,866 11,744 19,509 Net demand deposits 359,453 654,532 4,376,077 575,703 701,413 239,159 189,750 1,010,618 252,047 168,247 350,004 133,219 374,726 Time deposits 9 , 025,495 95,607 261,507 13,796 229,107 36,836 79,161 346,680 74,621 41,085 61,974 22,516 102,932 1,365,822 Government deposits 97,364 ‘ 70,365 74,633 31,030 14.704 77.614 ... 5.4,144, --- ——---- =--- --- =4-^-----* ^9 yV-r_____________________________________________ CH.Ui'S A .._2iL£28 _ 2 £ L 3 m _ - 19*796- 2.3, 416. — 909,3*22 . Bata for banks in each Central Reserve City, banks in all other reserve cities and other reporting banks. New York Chicago St.Louis Total Cen.Res,Cities Reserve Cities Country Banks Total May 33--- May 24 May 31 fey 31--May 24 May 31 May 31-- May 24 May 31-- May 24 i%y 31-- May 24 No. reporting banks 66 66 4o 1*20 422 .422 147 149 . 689 691 U.S.bonds to secure circulation 37,023 1,443* 10*392 37,023 48, 858 48,858 170,457 172,547 45,209 46,133 266,524 265*448 Other U. S.bonds includ ing Liberty l^onds 2*3,866 256,026 44,713 19,248 307,827 310,767 236,741 252,588 45,187 49,633 610,048 U.S.certificates of 592,695 r indebtedness 788,777 750,071 33,874 17,624 801,569 846,106 213,436 258,713 26,873 36,873 1 .041,878 1,141,692 Total U.S. securities 1 , 030,960 1 ,081,826 80,030 47,264 1 , 158,254 1,805,731 638,481 665,911 121,715 128,193 1,918,450 1,999,835 Loans secured by U.S. bonds, etc. 259,889 247,885 17,690 11,776 289,355 275,003 194,418 188,983 29,189 28,455 512,962 492, 4*1 All other loans and investments 3 , 676,070 3,688,897 813,974 266,441 4 , 756,493 4,760,467 4,486,467 4,447,328 761,202 785,885 10,004,162 Beserve with F.R,bank 561,886 571 , 01s 92,948 26,608 681,442 688, 19* 391,917 392,434 49.305 1 ,1 2 2 ,6 6 4 51,553 Cash in vault 106,766 112,111 37,953 7,315 152,034 157,307 173,}13 167.173 34.306 35,009 359,453 Net demand deposits 4,070,986 3,920,053 678,725 179,500 4,929,211 * , 779,606 3 ,4 84 ,33 4 3,463,785 611,950 626,151 9,025,495 8 , 869,542 Time deposits 218,467 206,000 130,252 54,252 1J02.971 391,405 796,127 738,666 166,724 17*, 675 1 , 365,822 1,354,746 Government deposits 362,136 424,103 62,472 45,357 469,965 5 *6,940 384,625 * 19,268 54,722 62,530 909,312 1,028,73* 9 , 9 9 3 , 6 8 0 1 , 1 3 2 , 1 8 1 9 , 4 8 9 3 i 5
@FedFRASER