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S t . 453 STATELCm: IDF; THE PRESS Released f o r p u b l i c a t i o n Sunday m o r n i n g , J u n e 2 9 , 1919! No u e a r l i e r . F e d e r a l R e s e r v e Board J u n e 28, 1919. FEDERAL RESERVE BANK STATEMENT C o n t i n u e d w i t h d r a w a l s of Government d e p o s i t s and l i q u i d a t i o n of war p a p e r , a s a g a i n s t s u b s t a n t i a l g a i n s i n o c h e r d i s c o u n t s and a c c e p t a n c e s on h a n d , a r e i n d i c a t e d "by t h e F e d e r a l R e s e r v e Board* s weekly bank s t a t e m e n t i s s u e d a s a t c l o s e of "business on J u n e 2%, 1919* Gold r e s e r v e s show a d e c l i n e of 17*9 m i l l i o n s f o r t h e week and of about 54 m i l l i o n s s i n c e June 6, t h e F r i d a y p r e c e d i n g t h e d a t e of removal of t h e g o l d embargo , F e d e r a l R e s e r v e n o t e s i n c i r c u l a t i o n resumed t h e i r upward c o u r s e , t h e i n c r e a s e f o r t h e week b e i n g 10*9 m i l l i o n s « As a g a i n s t a d e c r e a s e of 42*4 m i l l i o n s i n t h e h o l d i n g s of war p a p e r t h e s t a t e ment shows i n c r e a s e s of about 29 m i l l i o n s i n o t h e r d i s c o u n t s and of 29 *& m i l l i o n s i n a c c e p t a n c e s on hand* C o n s i d e r a b l e p u r c h a s e s of a c c e p t a n c e s f r o m member banks a r e r e p o r t e d by t h e New York hank b o t h f o r i t s own a c c o u n t and t h e account of o t h e r R e s e r v e banks % An i n c r e a s e of 2 , 2 m i l l i o n s i n T r e a s u r y c e r t i f i c a t e s i s accompanied by an i n c r e a s e of 3 . 4 m i l l i o n s i n t h e banks 1 a g g r e g a t e l i a b i l i t i e s on F e d e r a l Res e r v e bank n o t e s i n c i r c u l a t i o n . T o t a l e a r n i n g a s s e t s show an i n c r e a s e f o r t h e week of 12*6 m i l l i o n s , Net w i t h d r a w a l s of Government f u n d s f o r t h e week t o t a l e d £7*9 m i l l i o n s * Member banks 1 r e s e r v e d e p o s i t s show a g a i n of 64 *4 m i l l i o n s , w h i l e t h e " f l o a t , T c a r r i e d by t h e R e s e r v e b a n k s d e c l i n e d l 4 » 5 m i l l i o n s . Other d e p o s i t s , i n c l u d i n g f o r e i g n government c r e d i t s , l i k e w i s e show a c o n s i d e r a b l e d e c r e a s e f o r t h e week, t h e r e s u l t of t h e s e c h a n g e s b e i n g a d e c r e a s e i n n e t d e p o s i t s 20,6 millions* banks 1 r e s e r v e r a t i o shows a d e c l i n e f o r t h e week f r o m ^2*5 to ^2*1 p e r c e n t - The R e l e a s e d f o r p u b l i c a t i o n Sunday morning Juno 29, 1919> not e a r l i e r gt .4-63a CTAT3£E1TT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUNE 2 7 , 19 1 9R E S O U R C E S r: .. 2> l " i c J u n e 20, i q i q Juno 2: , l')lc Gold c o i n and c e r t i f i c a t e s ? 31^713 >,000 $3X2,676,000 $ 419,907,000 C.old c o t t l c ^ c n t pizid - F»R,Board 5S / ,046,000 5SI '233 'COO Ugi ^25,'000 Gold witli f o r e i g n , agon; 16,275,000 Total, gold h e l d by b a n k s 911 , l o l ,000 513 ,914 ,000 927,607 ,000 Gold w i t h F3de.-al Reserve Agents 1,113,524,000 1,127,21S,COO 957,570,000 ledeaption j m d 122,/79,000 . 124 ^505 000 — 33,5^4.000 t 1 ^4 7 7 ,, 7 73 54 4 ,, 00 00 00 $*22 ,, 1 To t i l s o l d r e s e r v e s r — 2,165,725,000 1 ^ % 0 2 1 ^ 0 0 000 06 , 4 7 2 ,,000 I,egal tender n o t s s , s i l v e r , e t c . 6^,73^,000 57,^7^,300 256,000 Total reserves 22 ,, 22 11 6b;,, 25b,000 2 , 2 3 4 , 4 ^ 9 , 0 0 0 FTOOhJ^'.TRXT B i l l s d i ! o o ^ d ( ™ 0 « » . » . . a I o t l i 4 a t i o n s ? ^ ^ ioOO **'**'"" U- S. Government bonds U . S . , Victory n o t e s U- S. C e r t i f i c a t e s of i n d e b t e d n e s s A l l other earning a s s e t s Total e a r n i n g a s s e t s Bank p r e m i s e s U n c o l l e c t e d i t e m s and other deductions f r a n g r o s s d e p o s i t s 5 i Redemption f u n d a g a i n s t F,R„ b a n k n o t e s A l l 0 tker r e s o u r c e s TOTAL RESOURCES L I A B I L I T I E S Capital p a i d - i n Surplus Goverrnient d e p o s i t s Due to members - Reserve account Deferred a v a i l a b i l i t y i t e m s Other d e p o s i t s , i n c l u d i n g f o r e i g n government . c r e d i t s Total g r o s s d e p o s i t s F- R. n o t e s i n a c t u a l c i r c u l a t i o n F. R. b a n k n o t e s i n c i r c u l a t i o n - n e t l i a b i l i t y A l l other l i a b i l i t i e s " TOTAL LIABILITIES R a t i o of t o t a l r e s e r v e s t o n e t d e p o s i t and F-R- n o t e l i a b i l i t i e s combined Ratio of gold reserves, to F»R. n o t e s i n c i r c u l a t i o n a f t e r s e t t i n g aside 3 % against net deposit l i a b i l i t i e s • . a2 .,122 « a ,5:8,GOO ,5?.«» - ^ L o o o 27 2 7 ,,11^300 ,, 00 00 00 335,000 ^ 4 l ^ C 204 ^ 0 4 ,,lOll 1 0 , ,,000 000 „ 1.7,000 2 ,354 3 v^,, 11^7,000 1 1 . 2 ->7I. 0 0' 0 1 656 o ,,063,coo ^ j j ,CuC 9 ,,714,000 ?l4,00v 10 > , ;51,CC0 10 ,005 ,255 5 , 2 5 5 , 0 0 5 , ,000 000 ti 5 • ^ 73,ol4,000 1,713 ,030,000 53^", »^00 115,^93 ,000 : 1 , 0 o '' 5522 ,,764,000 764,000 4c ,466,000 4m,4oo,C00 ^ o krr'' ^ ' m n ' ^'''^0, /,( ' ^ ' . 005,000 ' r 27,131,000 ' 201,553,000 2 - ,3Ul ,523,000 6 , 0 0 0 54,2 ,157 ,000 o 053,000 11,192,000 5,^55 ^50,000 52,75^,000 Uo ,466,000 l o l ,495 ,000 1,645,630,000 652,097,000 127 ,264 ,000 ! ° * i n c l u d e s one-year treasury n o t e s - 4^ S 2,619,456,000 2,455,253,000 173,775,000 4l,7i4,C00 5,455,450,000 52-5 % ^ °'+ 5 ^ # £00 # # 40,22,,000 ^ 21u ,v3 y 21,000 1 ,345,112,000 320,057,000 '735'.000 V 3,272,133,000 75,555,000 1,134,000 5 4 5 3 5 ] 000 1,557,557,000 256,302,000 121,452 .000 2,04g ,906,000 1,722,216,000 10,390,000 12.629.000 3,572,133,000 Si. J eg l e a s e d f o r p u b l i c a t i o n Sunday morning June 29, I919; n o t e a r l i e r . . WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUNE 27, I 9 I 9 . s t ,463b R E S O U R C E S wwmwwwwwwiwwwm Boston New York Gold c o i n and c e r t i f i c a t e s 3,626 210,322 Gold s e t t l e m e n t Fund - F-R-Board _3^>5_36 255,520 $ e £ E ™ E toto.1 g o l d r e s e r v e s Legal tenaer n o t e s , s i l v e r , e t c . Bill^disSSt-dS " Secured by Government war o b l i g a t i o n s (a) - ( I n t h o u s a n d s of d o l l a r s ) „ • p h i l a . Q l e v e l . R i c h n . A t l a n t a Chicago S t . L o u i s Minn- Kans-Cy- D a l l a s San F r a n . T o t a l 419 3 6 , ISO 2,198 7 , 9 3 9 23,367 3,794 5,394 94 7 , 4 2 0 10,362 314,135 4 2 , 6 6 2 3 0 , 9 6 2 24,365 11,295 91,909 23,07 5 24 5C9 29,607 6 , 9 2 2 22,644 5Q7' 046 100,533 7,041 115 •5^ 7 8 2 , 9 8 2 124,622 123,462 51,541 251 93& ^ , 5 2 3 124,673 164,400 67,215 452 67,667 67,325^04,093 1,526 1,109 68,853 405,302 54,556 3.-050 87^906 73,305 103 73,406 71,069 237 71,306 33 , 573 146,749 2 , 1 4 7 , 7 6 4 1,997 225 6% hyp 35,^570 146,974 2 , 2 • J 7 S " 6 ~ .144,720 567,632 173 , 957 1 1 9 , 7 6 s 73,3^9 7 1 , 8 1 9 200,427 56,405 39,110 44,662 26,494 bAS m kfi t 8 ' & 4 £ i 9 53,140 1,573,463 1 ^ % "i — i 5f^topuS™md°a;aSt S l t 3 "" ^ . ^ 2 F . R . bank n o t e s All other resources TOTAL RESOURCES 546 314 M -il 175,776 6s,ISO 55,322 54,036 26,953 76,149 1.3,555 15,026 55, 172 19,397 39,255 6=6,063 1,544 2,9^2 1,075 994 S59 902 44s 723 509 371 1,626 1,612 659 50S 3i4 150 730 454 396 703 4os 515 9 7l4 10*551 3 7 1 , 0 1 5 1 , 5 0 6 , 2 4 9 4 o 4 , 9 l 6 4 2 4 , 5 7 9 226,779 203,649 779,327 224,554 159,015 237,496 120,416 3 29,350 5 , 2 5 5 , 0 0 5 MEMORANDA (a) i n c l u d e s b i l l s d i s c o u n t e d f o r other F.R.banks, v i z t - - (b) i n c l u d e s b a n k e r s ' a c c e p t a n c e s bought from o t h e r F.R. banks With t h e i r endorsement Without t h e i r endor scan en t - . - 5,062 - - 23,750 - - - - - 64,122 - 9,735 - 25,000 „ . - „ . 122,607 __ . _ 27,456 ^ q^2 27*456 Released f o r p u b l i c a t i o n Sunday morning Jane 29, 1919, not e a r l i e r . WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUNE 27, I 9 I 9 . ( i n thousands of d o l l a r s * ) St .46J c L I A B I L I T I E S Bo ston Capital p a i d - i n 6,877 Surplus ————— — 2,996 Government d e p o s i t s 11,332 Due to members - Reserve account 106, 6?5 Deferred a v a i l a b i l i t y items 45,330 A l l other d e p o s i t s •1,793 %$c*. T o t a l g r o s s d e p o s i t s 165,080 F . R . n o t e s i n a c t u a l c i r c u l a t i o n 176,159 F,R,bank n o t e s i n c i r c u l a t i o n net l i a b i l i t y 16,760 A l l other l i a b i l i t i e s 3,143 TOTAL LIABILITIES New york phi l a . Clevol. pichm. A t l a n t a Chicago s t - L o u i s Minn. Kans.Cy• D a l l a s San Fran. 21,445 4,205 7,651 9,233 21,117 2,608 2,196 3,552 15,363 10,680 4,297 5,387 730,272 100,213 123,903 51,156 126, 2b 8 5^,473 48,942 * , 9 3 5 103,869 - 1 , 2 2 9 — 253. 109 975,773 166,595 178,485 102,497 3 , 2 4 7 11,453 6,416 1,510 4,942 3,95.9 44,997 236,012 21,828 6 8 , 7 8 1 2,528 107 71,274 311,280 82,764 4,774 3,866 3,011 3,240 3,762 2,44a 1,184 49,466 1,603 1,415 2,421 4,852 3,is4 73,614 2,522 6,502 552 s 1 , 7 1 3,030 55,762 5 i : 0 5 1 £0,735 43,553 5 , 715 5:4,^20 3 5 , 6 8 4 10,662 3 5 , 3 0 9 15,613 24,535 4 , yj4 ix4 54O 115.693 • 372 259 9 9 , 8 6 8 " 6 5 , 2 7 5 1 2 2 , 8 1 1 "~597sbsr 1 * 7 , 5 ^ 2,43-6,757 737,437 203,703 214,663 109,630 115,662 4 2 1 , 6 7 2 102,860 35,1^3 15,329 20,788 3,571 15,895 3,051 6,148 2,103 9,707 1,649 24,461 4,045 82,032 93,677 5,975 1,310 12,393 2,432 15,196 1,491 4 6 , 9 3 7 194,7^8 2 , 4 9 9 , 1 2 0 7,695 1,492 7,024 3 , o4o F„ R» n o t e s o u t s t a n d i n g 18.1,902 F . R. n o t e s h e l d by bank 5<743 F . R . n o t e s i n a c t u a l c i r c u l a t i o n 176,159 MEMORANDA 57,967 55,000 9,640 122,607 5,062 FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION 218,788 213,112 226,357 113,676 120,793 4 5 3 , 3 7 2 116,623 24,547 100,490 sif35l 9 , 4 0 9 11,694 4.046 5,137 3 1 , 7 0 0 13,763 2,515 6,213 7 3 7 7 5 7 203,703 2 1 4 , 6 b j 109,b30 115,bo2 4 2 1 , 0 / 2 102, Sod 2 2 , 0 3 2 93,677 4 8 , 5 2 9 216,445 2 , 6 9 4 , 6 4 0 1 , 5 9 2 21,697 195,460 46,937 194,748 2 , 4 9 9 , 1 2 0 DISTRIBUTION OF BILLS AND U-S» CERTIFICATES OF INDEBTEEHESS BY MATURITIES. 177,125 42,656 3 7 1 , 0 1 5 1 , 8 0 6 , 2 4 9 4o4,916 424,87 9 226,779 203,649 779,327 224,884 159,018 237,4-96 1 2 0 , 4 i 6 3 2 9 , 3 2 0 5 , 2 2 2 , 0 0 2 Contingent l i a b i l i t y a s endorser on Discounted paper red! sccunted wi t h o t h e r p.. p . banks Bankers' a c c e p t a n c e s sold to other F„R, banks ———— 5> 062 B i l l s discounted B i l l s bought i n open market U . S . c e r t i f i c a t e s of indebtedness Total Within 15 days 1,484,822 75,449 25,279 16 to 3 0 days 123,334 64,136 494 3 1 to 60 days 122,023 113,329 4,092 6 l t o 90 days 56,531 51,524 l4,o4o Over 90 days 31,270 160,199 To t a l 1,818,040 304,558 204,104 R e l e a s e d f o r p u b l i c a t i o n Sunday morning June 29, 19195 not e a r l i e r St .463 d STATEMENT OF FEDERAL EE SERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS JUNE 27, 1919( i n thousands of d o l l a r s . ) Boston New york phila. Clevel, ^ Receivod^frm^Comptroller Returned to comptroller Chargeable to F.B.Agent Hi bands of p . R. Agent 205, 802 23,900 959,788 2^1,192 259,177 142,944 181,088 4 7 6 , 4 ^ 2 135,1^3 99,787 114,290 70,104 2 2 ^ 6 4 5 3, l O ^ f T Z ^ l41,000 15,240 21,575 28,080 3 2,820 181,902 818,788 213,112 226,357 COLLATERAL SECURITY FOR OUTSTANDING- NOTES: Gold c o i n and c e r t i f i c a t e s on hand Gold redemption f u n d Gold s e t t l e m e n t Fund - F.R,Board E l i g i b l e paper, minimum r e q u i r e d 11,135 46,000 124,76? 183,740 9,125 8 , 5 7 1 i o , 3 i 6 11,385 100,000 57,889 9 5 , 0 0 0 526,477 144,907 110,847 181,902 173,354 AMOUNT OF ELIGIBLE PAPER DELIVERED TO F . R. A G E N T — ~ Total "7560 3 2 1 , 0 8 0 1 , 6 0 1 , 9 5 0 3 9 6 , 9 8 0 3 5 7 , 1 0 0 225,620 234,000 6 2 5 , 2 0 0 202,920 134,380 167,500 103,9^0 2 8 ^ 4 0 4 , 6 5 6 ^ 6 © H5.27S 642,192 155,788 97,923 82,676 5 2 , 9 1 2 148,748 67,777 3 4 , 5 9 3 5 3 , 2 1 0 3 3 , 8 5 o b3,895 1 , 5 4 8 , g 4 g I s s u e d to F,R» bank l e s s amount r e t u r n e d to F.R.Agent f o r redemption — Total Richn. A t l a n t a Chicago s t . L o u i s Minn. Kans.Cy* D a l l a s san Fran. ® 29,268 60,289 23,080 18,520 113,676 120,799 4 5 3 , 3 7 2 116,623 13,800 5,200 412,772 84,547 100,490 4 8 , 5 2 9 216,445 2 , 6 9 4 , 6 4 0 13,052 2,729 20,800 47,966 1,753 23,360 75,377 11,581 219,998 81,024 2 , 6 3 9 15,607 l , 6 o 4 97,294 812,802 3 2 , 6 2 5 103,544 1 , 5 8 0 , 8 1 6 818,788 213,112 226,357 113,676 120,799 4 5 3 , 3 7 2 116,623 84,547 100,490 4 8 , 5 2 9 216,445 2 , 6 9 4 , 6 4 0 721,939 149,503 161,133 59,99 2 2,090 30,000 81,586 93,340 2,500 3,16s 8,333 3 7 , 0 0 0 253,344 7 8 , 1 3 1 191,695 84,250 262,625 3,298 50,431 62,894 66,339 / z z i &: y J?*-" 93,655 5 3 , 5 7 4 114,463 2 , 0 3 4 , 4 6 7 ^
@FedFRASER