The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Released for publication Sunday morning, March 10, 1918*
Not earlier. X-788
STATEMENT FOR THE PRESS
March 9, 1918.
Credit operations of the Government notably the placing with the
financial institutions of the country of 500 millions of U. S« certificates
of indebtedness are reflected to some extent in the Federal Reserve Board’ s
weekly statement showing the condition of the Reserve banks as at close of
business on March 8, 1918. Total investments of the banks show a gain for
the week of 56.7 millions, of which the larger portion represents an in
crease in certificates of indebtedness purchased for the accommodation of
members, also of b ills held by the New York bank. Member bank reserve de
posits show an even larger increase, following heavy withdrawals of Govern
ment deposits which in most cases were transferred to the credit of deposi
tary. member banks. Gold reserves show an increase of 1 0 .9 millions, follow
ing the issue during the week of over 40 millions net of Federal Reserve notes.
Boston reports a gain of about 19 millions in reserves due to the
liquidation of 1 4.3 millions of b ills , largely acceptances, also to a gain
of over 3 millions in net deposits. The New York bank shows a decrease of
5 .8 millions in reserves having increased investments by about 52 .2 millions,
net deposits by about 35 millions and note circulation by 10.8 m illions.
Reserves of the Kansas City bank show a decline of 10*6 millions owing
largely to the investment during the week of 9 .3 millions net in b il l s ,
largely acceptances.
Discounted bills on hand increased 17.8 millions, while acceptances
and government securities show gains of 18.7 millions and 20 milliohs, res
pectively*
Of the total discounts, 264.5 millions, or over one-half, is com
posed of members’ collateral notes or customers1 paper secured by Government
War obligations. Total earning assets, 1 ,0 9 7 .3 millions, constitute at pre
sent 74,5 per cent of the banks’ net deposits, as against 72.3 per cent shown
the week before.
Payment for Federal Reserve bank stock by newly admitted members
accounts for an increase of $223,000 in paid-in capital, the Boston bank
alone reporting an increase of $92,000 under this head. Federal Reserve
Agents report a total of 1 ,5 0 5 .2 millions of Reserve notes outstanding, an
increase of 4 0 .6 millions for the week.. Against the total they hold 896*7
millions of gold and 813.3 millions of paper. The banks' aggregate Reserve
note circulation is given as 1,384 millions, all the banks, except Atlanta
and Dallas, reporting substantial increases in their note circulation for
the week under review.
CONDITION OF MEMBER BANKS ON MARCH 1
Principal changes for the week ending March 1 in the condition of 686
reporting member banks are shown as follows:
Certificates of indebtedness on hand at all reporting banks show an
increase for thw week of 163.3 millions, while total Government securities in
creased by 140.1 millions. Of the total of 1 ,0 6 7 .9 millions of certificates,
over 77 per cent is held by banks in central reserve cities and about 72 per
cent by the New York City banks. Loans secured by Government obligations show
an increase of 3 .3 millions and all other loans and investments - a decrease
of 10.2 millions*
Net demand deposits of all reporting banks decreased 127*4 millions
and time deposits 29.8 millions, while Government deposits increased 3 3 .6
millions* At the banks in the central reserve cities net demand deposits de
creased 64.3 millions and time deposits 9.5 millions, while Government de
posits increased 9.2 millions. Aggregate reserves with Federal Reserve banks
fell off 8 1 .6 millions, of which 61.7 millions represents the loss in reserve
of the banks in central reserve c itie s . Excess reserves declined from 91.6
to 25.1 m illions, largely at the New York City banks.
The ratio of reserve and cash to total deposits declined from 13.7
to 13.0 per cent. For the banks in central reserve cities this ratio went
down from 14.6 to 13.4 per cent.
Inversely, the ratio of loans and invest
ments to total deposits for all reporting banks shows an increase from 105.5
to 107.9 per cent and from 100.2 to 102.5 per cent for the banks in the cen
tral reserve c itie s .
Released for publication Sunday morning 1/arch 10,
1918.
Not earlier.
STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MARCH 8 , 1918.
R E S O U R C E S
March 8 , 1918
March 1 ,, 1918 March 9 , 1917
464,144,000
461,615,000
' 330,184,000
Gold coin and certificates in vault ....................
Gold Settlement Fund - F.R. Board.........................
354,585,000
357,299,000
205,561,000
Gold with foreign agencies..................................
52.500.000
52.500.000
------TOTAL gold held by banks .............................
871,229,000
871,414,000
535,745,000
Gold with Federal Reserve Agents...........................
896,7 02,000
885,346,000
3 28,433 , 000
Gold redemption fund........................... ....................
20.267.000
20.569.000
2.325.000
TOTAL gold reserve........... ......................................
1,7 88,198,000
1,777,329 , 000
866,503,000
Legal tender notes, silver, etc.............................
59.685.000
60.444.000
19.113.000
TOTAL reserves .................. .............................
1,847,883,000
1,837,773,000
885,616,000
Bills discounted for Members and F.R,Banks .......
520,340,000
502,525,000
18,500,000
Bills bought in open market ..................................
317.952.000
299.213.000
108.860.000
Total bills on hand.. ............................. .
838,292,000
801,738,000
127,360,000
U.S.Government long-term securities......................
72,154,000
77,705,000
29,126,000
U.S.Government short term securities......... . . . . .
182,822,000
157,482,000
19,468,000
All other earning assets..........................................
4.064.000
3.680.000
17 .087 .000
Total earning assets........................................
1,097,332,000
1,040,605,000
193,041,000
Due from other F.R.banks - net ....................... . . .
6,113,000
11,882,000
3,143,000
Uncollected items .....................................................
337.283.000
369.185.000
130.411.000
Total deduction from gross deposits.............
343,396,000
381,067,000
133,554,000
5$ Redemption fund against JR. bank notes.........
537,000
537,000
400,000
_______ 796.000
6,246.000
All other resources .................................................
...........761.000
TOTAL RESOURCES
3,289,909,000
3,260,778,000 1,218,857,000
L I A B I L I T I E S
Capital paid in ........................................................
73,624,000
73,401,000
56,028,000
Surplus ................................................................... .
1,134,000
1,134,000
--------Government deposits........... ......................................
56,208,000
150,781,000
12,401,000
Du© to members - reserve account...........................
1 ,465,504,000
1,388,020,000
720,488,000
Collection items.......................................................
216,986,000
218,031,000
102,824,000
Other deposits,including foreign Gov‘ t.credits..
77JL37.000
64.122.000
------Total gross d eposits.....................................
1,815,835,000
1,820,954,000
835,713,000
F.R.Notes in actual circulation ...........................
1,383,990,000
1,351,091,000
326,612,000
F.R.Bank notes in circulation, net l ia b ilit y ....
8,000,000
7,999,000
--------All other liabilities..............................................
7.326.000
6.199 .000 _________ 504.000
TOTAL LIABILITIES
3,289,909,000
3,260,778,000 1,218,857,000
Ratio of gold reserves to net deposit and F.R.
note liabilities combined ..................................
62,6%
63.7$
8 4 .2 $
Ratio of total reserves to net deposit and
note liabilities combined....................................
64.7$
65.8$
8 6.1$
X-788a
Released for publication Sunday morning March 10, 1918»
Not earlier.
WEEKLY STATEMENT OF RESOURCES AMD LIABILITIES OF EACH OF THE FEDERAL RESERVE BANKS AT CLOSEOF BUSINESS MARCH
(In thousands of dollars)
R E S O U R C E S
Boston
N. Y.
Phila. Clevel.. Richm. Atlanta Chicago St.Louis Minn.
Kans.Cy.
Gold coin and certificates in vault 10,129 318,676
11,03 8 24,1+73 6,444
6,696
29,290 3,847
15,785
316
Gold settlement fvnd F. R. Board
40,359
42,770
50,645 51,332 23,381 10,993
44,873 30,270
5,676
29,629
Gold with foreign agencies
3,675 ____ 18-,112 3,675 4,725 1,857 1,575
7.350 2,100
2,100
2,625
Total gold held by banks
54,163
379,558 65,358 80,530 31,662 19,264
81,513 36,217 23 , 56I
32,570
Gold with Federal Reserve Agents
48,601
249,226 75,247 86,568 25,646 44,402
159,474 41,471 43,858
55,544
Gold redemption fund
1,989
10,000
2,000
147
427
1,162
1,053 1,204
798
390
Total gold reserves
104,753
638,784 142,605 167,245 57,735 64,828
242,040 7.8,892 68,217
88,504
Legal tender notes, silver,etc.
5,744
39,921
1,017
1,154
357
1,875
5,171 1,374
605__________ 76
Total reserves
H O , 4 9 7 678,705 143,622 168,399 58,092 66,703
247,211 80,266 68,822
88,580
B ills, dis.for members & F.R.Banks 60,249
223,296 25,052 32,722 32,284 10,940
36,219 25,606
6,177
20,759
Bills bought in open market
8,072 178,256 18,901 22,735 5,555 7,104
19,^32 6,376
3,986
6,519
Total bills.on hand
68,321 401,552 43,953 55,457 37,839 18,044
55,651 31,982 10,163
27,278
tt. S, Gov't long-tem securities
96O
4,761 5,886 8,262 1,233
4,046
26,*>52 2,233
2,982
8,862
U. S. Gov't short term securities
2,194
121,760
4,867 16,687 1,994 3,615
l6„€03 1,444
4,1*9
<+,301
All other earning assets
. . . ________ _______________________________________254
673
297
955
...
Total earning assets
71,475
528,073 54,f06 80,406 41,066 25,959
99,385 35,956 18,249
40,441
..................
2,334
...
5,990
24,068 3,373
8,241
8,452
Due from other F.R. Banks - net
...
Uncollected items
18,412
69,816 40,181 19,521 26,926 19,675
57,169 19,005 10,594
25,714
Total deduct.from gross deposits 1 8 , 4 1 2 69,8J6 4 0 , 1 8 1 2 1 ,855 26,926 25,665
81,237 22,378 18,835
34,166
5^'iRedemp. fund against F.R.Bk.notes . . .
...
...
...
...
...
...
...
400
All other resources
. . . ________
345
__________2_______ 88
...
...
...
TOTAL RESOURCES
200,3.84 1276,594 238,854 270,660 126,086 118,415
427,833 138,600 105,906 163,587
LI A B I L I I I E S
Capital paid-in
6,110
Surplus
75
Government deposits
699
Due to members reserve account
83,277
Collection items
15,269
Due to othvjr F. R. Banks - net
5,263
Other depos.incl.for.Gov't.credits - - -«■
■
■
•■«
Total gross deposits
104 ,508
F.R. Notes in actual circulation
88,908
F.R.Bk. notes in circul .n e t .k a b .
«r• »
All otljer liabilities
783
TOTAL LIABILITIES
200,334
19,641
649
5,729
634,778
6,863
8,355
••«
28
10,642
91,810 110,632
50,806 31,644 16,830
36,763
72,192
3,713
236
800,268 127,195 138,340
451,781 104,796 123,410
•«•
4,255
t• *
#* *
*• *
3,753
116
2,448
46,927
17,791
1,543
««•
68,709
53,508
2,928
40
4,302
40,960
11,695
«• «
4
56,961
58,486
•
mm
555
1276,594 238,854 270,660 126,086
118,415
9,269
216
2,678
3,512
183,089
2,703
38
3,413
* ♦*
4, 79s
6,324
52,772
39,837
4,637
2,817
72,323
10,783
24,765 15,145
•. *
2, 15s
212, 690
205,084
*. .
.51*.
427,833
•• •
81
72,796
61,894
• *•
398
138,600
*• -
111
105,906
Dallas San Fran.
Total
8,83 5 28,615
464,144
12,278 12,379
354,585
1,838 2,888
52,500
22,951 43 ,882
871,229
21,118 45/547
896,702
l,06 l
36
20,267
45,130 89,46^ 1,788,198
2,114
277
59,685
47,244 89,742 1,847,883
12,683 34,353
520,340
10,060 30,956'
317,952
22,743
4,020
3,220
1,602
31,585
...
17,280
17,280
137
...
96,246
2,814
*•♦
• «»
8
50,806
52,248
X-78S'o
8, 1918.
6,083
39,901
5,862
»««
18
85,941
65,707
8,000
9
**«
51,855
41,453
124
526
163, 5 8 7 967;
. . . . . .
* Difference between net amounts due from and net amounts due to other Federal Reserve Banks.
65,309
2,457
838,292
72,154
182,822
2834,0
70,031 1,097,332
946 * 6 ,1 1 3
12,990
337,283
1,982
13,936
343,396
174,035
3,289,909
. . . 537
326 761
73,624
1,134
9,660
56,208
69,198 1,465,504
216,986
11.759
4,263
m• ♦
2,440
93,057
76,715
*«*
♦♦♦
«*•
77,137
1,815,835
1,383,990
8,000
7,326
Released for publication Sunday morning March 10, 1918.
Hot earlier.
X-7 S 8C
STATEMENT OF FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS MARCH 8 , 1912.
(In thousands of dollars)
FEDERAL RESERVE NOTES
Boston New York Phila. Clevel. Richm. Atlanta Chicago St.Louis
Minn. Kans.Cy. Dallas San Fran.
Total
Received from Compt roller
126,000
763, USO 14-2,840 11+7,040 82,740 89,620 258,840
80,800
92,740 68,500 94,400 2014*9S0
67,980
Returned to Comptroller
_.._29<v9J2
I 0 ,j 07
....
11,43b
14,093 -11* 837
y-.op*.
.
Chargeable to F. R. Agent
102,741 622,966 118,747 135,488 65,482 76,737 248,889
70,493
56,544
78,647 54,663
1718 , 04s
In hands of F. R. Agent
10,640
95,600 10,180
9,280
.35,780
5,160
3,640
7,760 12,785
» ♦•
5,455 16,555
212,835
Issued to F. R. Banks less
amount returned to F. R.
Agent for redemption
92,101 J 5 S L M 108,567 126,208 60,027 60,182 213,109
52,904
65,333
70,887 41,878 86,651 1505,213
COLLATERAL HELD AS SECURITY
FOR OUTSTANDING NOTES:
Gold coin and certificates
on hand
••*
32,109 195,961
2,504
**•
13,102
14,580
278,207
19,951
Gold redenxption fund
4,992
5,488
6,617
*646
2,428
2,’ 219
13,265
196
2,256
4,431
3,184
2,264
47,986
Gold settlement fund F.R.Board
11,500 40,000 69,759
60,000 25,000 39,470 159,278 39,252 28,500
52,360
4,274 41,116
570,509
Eligible paper, minimum required.
278,140
33,320 . 39,640 34,381 1 5 ,’ 20
23,862
9,046
53 , 635
15,343 20,760 41,104
60S,511
Total
92,101 527,366 108,567 126, 20s 60,027 60,182 213,109 . 65,333
52,904 70,887 41,878 86,651 1505,213
AMOUNT OF ELIGIBLE PAPER DE
68,321 401,548 40,421
50,403 37»225 16,642 54,498 30,769
LIVERED TO F. R. AGEHT
9,654 20,990 22,743 60,061 813,275
M E M O R A N D A
FEDERAL
'Em K.
Motes outstanding
F* R. Notes held by banks
F* R* ITotes in actual cir
culation
92,101
527,366
75,585...
88,908
451,781
108,567
RESERVE
126, 20S 60,027
2,798
L ffi.
104,796
NOTES
123,410
.Stas...
53.508
OUTSTANDING
an d
60,182
h
213,109
8,025
.626.
58,486
IN
ACTUAL
3,439
52,904
656
61,894
52,248
65,333
205,084
•
CIRCULATION
70,887
41,878
425
_5.iso....
65,707
41,453
86,651 1505,213
121,223
M i
76,715
DISTRIBUTION OF BILLS AND WARRANTS BY MATURITIES
Within 15 days
Bills discounted and bought
Municipal warrants
U*S„Govft. siiort term securities
I
http://fraser.stlouisfed.org/
Federal Reserve
Bank of St. Louis
_
L
331,978
140,837
16 to 30 days*
88,804
55
7,702
31 to 60 days
6l to 90 days
226,633
3
4,086
182,096
13
1,771
Over 90 cUys
8,781
457
28,426
Total
838,292
528
182,822
1383,990
1 X788d
Released for publication Sunday morning March 10, 1918
Not earlier.STATEMENT SHOWING- PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS LOCATED IN CENTRAL RESERVE, RESERVE AND OTHER
SELECTED CITIES AS AT CLOSE OF BUSINESS MARCH 1, 1918
_______________ 1. Data for all reporting banks in each district.
(in thousands of dollars)
Meffiber banks
Boston New York Phila. Clave.
Total
Rich. Atlanta Chicago St .Louis Minn. Kan.Cy. Dallas San Fran
No, reporting banks..
38
98
47
79
686
75
46
40
37
93
31
33
69
U.S.Bonds to sec.circ
14,621
50,885 12,934 42,772 22,076 13,430
264,562
19,043 16,380
5,770 13,838 17,414 35,399
Other U.S.bonds inc.
Liberty bonds...........
182,921 11,950 42,712 17,420 13,547
10,744
375,368
41,624 12,165
9,842 .15,338
6,140 10,965
U.S.certif.of inaebt.
786,998 37,291 46,726 11,260 12,710
28,329
9,929 &4,281 1, 067,937
53,388 24,146 11,475 21,405
TOTAL U .S. sec.......
SB, £>83 1,020,804 62,175 132,210 50,756 39,687
114,055 52,691 23,385 46,208 37,185 75,018 1, 707,867
Loans sec.by U.S.
bonds etc..................
31,583
194,611 22,359 21,095 12,875
344,986
5,107
2,390
35,673 10,306
3,569
2,730
2,688
All other loans and
investments................
691,976 4,124,021 594,200 907,421 308,385 261,280 1,327,122 372,370 244,248 452,720 184,061 473,527 9, 941,331
Reserve with F.R.bank
58,993
556,722 51,102 83,888 25,583 22,598
135,633 35,495 18,876 41,435 17,488 41,339 1, 089,152
Cash in vault.............
23,236
119,489 20,872 35,989 14,806 13,876
358,942
9,014 16,696 12,226 20,9 59
60,128 11,651
Net denand deposits..
602,747 4 ,288,632 571,755 690,339 242,100 187,571 1,011,509 270,406 179,718 400,694 168,003 354,664 8, 968,138
Time deposits.............
80,960
303,193 15,056 217,757 45,500 77,287
336,237 73,424 50,037 50,806 22,254 102,555 X, 375,066
----Government deposits..
45,104
776,244
498,780 39,184 43,966 10,581
8, 539
61,986 28,194 14,796 14,814 10,300
2. Data for banks in each Central Reserve city, banks in all other Reserve cities and other reporting banks.
Chicago St.Louis Total Cen.Res.Cities Res.Cities
New York
March 11—-Feb.
Feb. 21 *3arch 1— Feb. 21
March 1 March I1
March 1— Feb.21
418
421
112
112
14
40
58
58
No. reporting banks...
1
7
0
,672(a)l58,441
47,376
46,720
9,370
1,393
35,693
35,957
U.S.Bonds to sec.circ.
Other U.S.bonds inc.
159,038(a)l52,487
183,714
186,650
7,211
162,168 14,906
164,533
Liberty bonds...........
221,137(a)l68,284
719,857
822,744
19,469
32,587
681,068
770,688
U .S .certif. of indebt.
550,847
519,467
950,947
36,050
1,056,114
48,886
878,929
971,178
TOTAL U.S. sec.........
Lfc&as aeC.by/U'JSTbonds
123,580
122,713
198,640
201,223
8,788
171,693 21,595
170,840
etc.............................
All other loans and
investments............... 3,698,762 3,621,616 818,208 270,461 4,787,431 4,723,283
416,670
397,617
677,211
642,268
580,000 97,437 27,663
517,168
Reserve with F.R. bank
153,554
178,399
182,424
149,324
6,863
108,355 37,652
104,809
Cash in vault...............
4,785,480
4
,844,785
,597,171
,643,766
199,266
690,472
3,895^742 3,938,037
Net dena.nd deposits
460,202
785,893
451,302
767,198
256,160
259,869 138,112 57,030
Tine deposits...............
447,844
558.162
194.054
175,909
24.051
486.067
495.053 48,044
Government deposits...
(a) Exclusive of Kansas City
http://fraser.stlouisfed.org/
Federal Reserve Bank
/ of St. Louis
Country Banks
Total
iSarch 1 — Feb. 21 March 1— Feb. 21
62&
153
156
686
47, 170 49, 029
264, 562(a)254,846
29, 680
24, 056
100, 906
20, 183
31, 798
375,368(a)367,999
490
l,067,937(a)904,631
16,
97, 317 1,707,867 1,567,731
20, 362
344,986
341,715
714, 829 743, 311 9,941,331 9,951,500
49, 267 50, 093 0., 089,152 1,170,737
31, 219 32, 553
358,942
368,413
585, 487 601, 959 8,968,138 9,095,546
156, 566 158, 188 1,375,066 1,404,882
24, 028 17, 737
776.244
74.2.625
5Rel**se4
for publication Sunday rafrning, % r c h 17.
Net earlier,
X-811
STATEMENT f£S f | | PRESS.
March 16, 1M$£8»
Gains aggregating over % miIJi&g&s in gold reserves and of nearly
10 millions in total earning assets art indicated in the Federal Reserve
Boardfs weekly bank statement issued as at close of business on March 15* 1918*
The week saw considerable shifting of credits in the Gold Settlement/Fr$$ New
York to other c itie s , the formerfs cash reserve shewing a decrease of 58*6
millions, B ill holdings of the bank* largely discounted paper, increased 21*7
millions, while U* S. short term seeurites , chiefly certificates ^f indebted**
ness acquired for the temporary accommodation of member banks - show, a gain
of 15*7 m illions* Chicago reports a gain of 30*8 millions in cash reserve
largely through tr&nsferson the books of the Gold Settlement Fund,
Discounts on hand decreased 2 .9 millions, all the banks outside of
New York and Kansas City reporting smaller figures than the week before. Of
the total held* 257,6 millions as against 264«5 millions was paper secured
by Government War obligations* Acceptances on hand show the record total of
323*2 millions, an increase of 5*3 millions for the week, U. S. bond hold
ings were 3 .8 millions less and U. S* short term securities - 11.2 millions
more than the week before.
Total earning assets show an increase of 9.8
millions and constitute 75.6 per cent of net deposits as against 74*5 per
cent the week before
Payment for Federal Reserve bank stock by newly admitted members,
mainl-/ in the Boston district accounts for an increase of $262,000 in paid-in
capital.
Government deposits went up 15.8 millions and member banks1 reserve
deposits declined 17*5 millions. Federal Reserve Agents report a total of
1520*3 millions of notes outstanding an increase of 15*1 millions for the week#
Against this total they hold 869*6 millions of gold and 821*1 millions of
paper* The banks show an increase in actual note circulation of 22*2 millions,
all the banks, except Atlanta and Dallas, reporting increases in their circu
lation for the week under review.
CONDITION OF MEMBER BANKS ON MARCH 8.
Net liquidation by 59.5 millions in the total of certificates of in debtedness held and reduction by 131.9 millions in other loons and investments
held by New York City banks partly through rediscounts with the Federal Re
serve bank are indicated by the weekly statement showing condition of 682
member banks as at close of business on ^arch 8* For all reporting banks
decreases of about 55 millions in the holdings of certificates of indebtedness
and of 65*8 millions in aggregate loans and investments are shown * Total
loans secured by U* S, War obligations show a decrease of 16.9 millions and
all other loans and investments - an increase of 4*2 millions*
Net demand deposits gained 30.0 millions, while time deposits and
Government deposits show an increase of 20.6 millions each. Aggregate reserves
with Federal Reserve banks increased 75*7 millions, while excess reserves
went up by 73,5 millions from 25.1 to 98.6 millions*
In the central reserve cities correspcnding changes were as follows:
certificates of indebtedness decreased 61.0 millions and U* S . securities 63.3 millions* Loans secured by U. S. bonds and certificates declined 20*6
millions; all other loans and investments - 104.8 millions. All classes of
deposits held by these banks show decreases; net demand decreasing 39.7 mil
lions, time deposits - 1 1.0 millions and Government deposits - 8 * 8 m illions.
Reserve with Federal Reserve
banks increased 4 3 .8 mil
lions, while, excess reserves gained 49*3 millions, increasing from 6 .6 to
55 .9 millions*
The ratio of loans and investments to total deposits declined in
central reserve cities front 102*5 to 102*1 per cent and for all reporting
banks from 107.9 to 106*6 per ccnt.
Inversely, the ratio of reserve and cash
to total deposits of central reserve city banks increased from 13*4 to 14.6
per cent, and of all reporting banks from 13,0 to 13,7 per cent.
X-Blla
Release! far publication Sunday morning &arch 17, 19lS.
Hot earlier .
STATEMEHT OF COMBINED RESOURCES AMD LIABILITIES OF THE HELVE FEBERfiL SESEfiVE BANKS AT CLOSE OF BUSINESS MARCH 15, 1918.
R E S O U R C E S
March 8, 1918
Inarch 1 6 , 191?
March 15#191S
Gold coin and csrtificatos in vault
4 7 7 .5 2 1 .0 0 0
355,31*, 000
464,144,0.
G & d Settlement Fund - F . R .
Boara
201,661,000
354.585.000
372.508.000
Gold with foreign a g e n d a ..............
52.500.000
52-500.000
TOTAL gold held by banks, .......
556.979.000
871.229.000
903.539.000
Gold -vith Federal Reserve Agents...................... . . .
869,628~000
3 38 ,6 0 8, woO
896.702.000
Gold redemption f u n d .................
2 , 3 3 9 . oJO
20.267.000
1.793.243.000
TOTAL gold reserves .......
8 9 7 ,9 2 6 , J
1.786.198.000
Legal tender notos, silver, etc...............................
58.950.000
,l feJ :7 ^ 0 o 0
5 9 .6 8 5 . 0O0
TOTAL reserves . ...............................................
914.102.000
1.847.883.000
1.652.193.000
Bills discounted for Members and F.R. Banks.........
5^7 454 q^q
1 7 ,2 3 4 , OuO
520.340.000
323.248.000
Bills bought in open n&rket......................................
97.0 02. ■Joo
317.952.000
TOTAL bills on hand ........................ ................
8 3 8 .29 2 .0 0 0
114,236, o>jo
6*0,732,000
U, S. Govermrent long-tern: securities....................
29.155.000
7 2 ^ 1 5 4 ,woo
68,383,000
U. S. Government short-terc* securities..................
19.368.000
1
8
2
.8
2
2
.0
0
0
193,980,000
All other earning assets.................................
4 .0 6 4 .Oow
16.180.000
4.040.000
TOTAL earning assets ..........................................
1
,0
9
7
,3
3
2
,0
0
0
178.939.000
1,107,135,000
Due frOBi other F. R. Banka — nat ....... ....................
21 609 000
3,379,000
6,113,000
QUeollected iteas........................................................
357*14?*000
337.283.000
1 5 5 .9 7 6 .000
TOTAL doductioni; iron; gross deposits.............
"" *
'
1.59.355. 000
343,396,000
368,7 56,000
5$ Redemption fund against F.R. bank n o t ^ s .........
4 u o , 00O
537,0C0
537 000
All other resources ...................................................
_
_
6
1047.
ow'J
1.452,000
____ 7 6 1 .0 0 0
TOTAt RESOURCES .................................................
3,289,909,000
1,256,843,000
3,330,073
L I A B I L I T I E S :
Capital paid in ............................... ...........................
73,886,Ovw
73,624, o'jo
5 6 ,0 5 4 ,o-O
Surplus ................................................... .....................
2
1 ,1 3 * .0 0 0
1,134,000
Governm-ent deposits ...................................................
;\72,0«{3,ow0
56,206,000
16,594,000
Due to Members - Reserve account ........................... i,4yfr-,9fr7,(
.,465,504,000
726.104.000
232,
Collection items ............. ..........................................
216,986,000
121.550.000
Ji '
Other deposits,including foreign Govt, credits...
77.137, oOO
TOTAL gross deposits ........................................
1.833.275.000
1 .8 15.835.000
866,248,000
F.R.Notes in actual circulation...............................
1.406.228.000
1 .3 83.990.000
336,061,000
8 ,0 0 0 ,0 0 0
F.R.Bank notes in ocirculation,net liability
8 .0 wo,oo0
7.550.000
All other lia bilitie s.................................................
7 . 3 26 . 000
4 8 0 ,0 0 0 .0 0 0
3.330.073.000
TOTAL LIABILITIES .............................................
3.289.909.000 1,258,843,000
Ratio of gold reserves to net deposit and
62,b/o
F. R. note liabilities coc.bined........................
62.
6 6 .1 $
Ratio of total reserves to net deposit and
64. 5$
F. FL note liabilities combined ........................
ktt.rjo
87. 6#
00
,
Released for publication Sunday morning, March 17 , 1918.
earlier.
T/EEKLY STATEMENT OF RESOURCES AIJD LIABILITIES OF EACH OF THE FEDERAL RESERVE BAMKS
^
(In thousands of dollars)
SB S 0 I S C E S
Boston
IT. Y.
Phila. Clevel. Richm. Atlanta Chicago
Gold coin imd certificates in vciilt 10,856 324,577 11,282
31,298 6,1*30 b ,807
28,907
Gold settlement fund F. R. Board
39.986
18,219
47,792 47,839 27,974 13,637
69,930
Gold witfe foreign agencies
3,675
18,112
3,675
4,725
1.837
1,575
7,350
Sotal gold held by banks
5^,517
360, 90s 62,749 83,862 36,241 2 2 ,0 1 9 .1 0 6 ,1 8 7
Gold with Federal Reserve Agents
48,546 209,028 76,580 90,306 25,577 44,423 165,472
Gold redemption fund
1,994
10,000
2,000
388
376
812
1,166
Total & old reserves
105,057 579*936 141,329 174,556 62,194 67,254 272,825
Legal tender note., silver,etc.
. 4,948
40,170
766
1.126
.311
1,821
5,209
Total, reserves
H O ,005 620,106 142,095 175.682 62,505 69,075
278,034
Bills, dis.for members & F.R.Banks 54,761
241,146
24,290
30,669 28,654
9,711
33,847
Ip?
in 0pen r,iarket;
.9,477
182,115 19.172
2 2 .6 4 4
6,939
7,188
20,649
iotai bills on uand
54,238 423,262 43,^62 53,312 35,593 16,899
54,496
L. S. Gov't, long-term securities
7 SO
4 ,729
5,583
7,788
1,233
4,040
24,270
U . S . Gov't, short-term securities
2,199 137 . 46l 6,011 15,105 1,994 3.766
13,287
All other earning assets
.
^ ________
...
...
305
629
Total ea-wung assets
67,217 565,452 55,056 76,206 3 8,820 25,010
92,682
Due troci ©taer F. R. Banks - net
8,786
...
4,8^4
...
...
2,310
14,806
uncollected Items
22,064
84,690
38,426
26,368 26,156 20,037
53,729
Total deduct.from gross deposits 30,850
8kt690 43,260 26,368 26,156 22,347
68,535
yp Redecip. fund agaiiist F.R. Ik. notes . . .
...
...
...
...
...
...
All other resources
...
337
...
52
84
TOTAL RESOURCES
—
- 240,798
" ~ ---- .
1270,248
208,072
L I A B I L I T I E S
Capital paid-in
Surplus
Government deposits
Due to members reserve account
Collection items
Due to other F. R. Banlcs - net
Other depos.incl.for.Gov't.credits
Total gross deposits
F. R. Sotds in actual circulation
F.R.Bk.notes in circtila.net lia b .
All other liabilities
T o m l ia b ilit ie s
278,256
6,864 8,356
8,356
• *.
» #•
75
8,660 5 ,942 11,944
5,685
87,226 616,249 8 7 ,7 *8 1 0 8,73 4
1 8 ,0 £
59,614
32,650 21,486
* #»
« »24,009
2,627
6,327
6,327
...
11 0,97 4
89,932
...
______ 764
19,645
19,645
6 ,8 6 4
649
75,163
■ _______ 200
783,695
461,719
...
126,340 144,991
1 07,594 1 24,392
...
...
127,533
116,516
3.756
3 ,7 5 6
2,927
2,927
116
2,943
45,747
17.523
1 ,0 8 5
67,298
56,363
...
127,533 n
99.290
,2 9 0
216 '
7 ,130
1 8 7,95 4
24,389
+ *
__________ 5
4,540______ __________ 517
208,072 1270,248 240,798 278,256
40
3 ,7 2 1
33,182
12,287
5 5 ,1 9 4
58,355
...
6, 5i 6
-.-7 X-Sll
AT CLOSEOF BUS IKES S MARCH 15, 1918.
St.Louis Minn, Kans.Cy.
3,578 1 5,819
204
34,466 10,801 36,113
2,100
2,100 2,625
40,144 28,720 38,942
41,4-45 45,761 55,498
1,3^6
892
882
82,985 75,373 95,322
1,377
641
76
84,562 76,014 95,398
.22,727
5,598
22,578
7-258
3,6ll
6,165
29,985
3,209 28,743
2,233
2,388
8,862
1,444
3,655
388
4,191
Dallas San Fran.
8,982
Total
28,781
477,521
11,390 14,361
1,838
2,888
22,210 4o ,030
21,496 45,496
1,108_______ 72
372,508
52,500
902,529
44,814
2,222
47,036
11,839
8,110
13,949
4,020
2,944
91,538
869,628
21, 0.86
1,733,243
283
58,950
91,881 1,852,193
31.664 517,484
29,919
323,248
61,583
840,732
2,457
68,383
1,923
193,980
4,263
73,886
6 , 221^
7 2 , 02M W
748
...
1,781
1894,04
16,000 41,796 28 ,694 66,152 1,107,135
804
5,154
...
352 * 11,609
.11,045 25,088 18,209 12,492
357,147
11,849 30,242 18,209 12,844
368,756
...
.,400
. . . 537
!!!
\
*^2S1.45
=,-- ------- — — --- *-4----
34,050
3,354
18,843
22,197
...
*!.
137
3,454
3 ,4 5 4
2,734
2,734
6,256
38
3 ,573
40,453
4,099
51,307
15,756
4
* «
3,447
3,4 4 7
#«
A
5 ,1 0 8
74,884
3 ,5 3 0
•
•
• .
2,823
2,823
«
4,780
1 ,1 3 4
* •
3 8 ,5 7 6
5,560
1,070
_____
>3,3#8 l ,4 4 f r W 7
Ll,2fcO
.. 0
3,155
232,«S(7
..>
2,365
127
15_______
18
. .#.«
81,048
2 ,3 6 5 ... .. 127
15
221,898
7
4
,0
4
6
48,140
89
,5
40
49,986
89
,
964
.
1
,8
3
3 ,2 7 5
221,898 74,046
89,540 49,986
62,706 52,854 66,300
66,300
41,150 77 ,5 79 1 ,4 0 6 ,2 2 8
207,284 62,706
41,150
...
. .,..
g8,000
Q00
...
...
8 000
*. ....
563 .
403
97
549
117
- .
7 550
563
97.
543 ...
117
....
•
..
* *
......
439,251
♦
140,609 103,863 167,836 94,076 171,806 3, 3301073
.....
_ _
* 'Difference between net amounts aue from ana net amounts uue to otner Feaeru.1 Reserve Banks-
Released for publication. 5un&*y morning, March 17, 1918.
Not earlier.
STATEMENT OF FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS MARCH IJj,
(In thou-sands of dollars)
EEBER&L SSSERVE NOTES
Boston New York Phila. Clevel. Richm. Atlanta Chicago St.Louis Minn.
ftaceived from Comptroller
. SefcTimed to Cowptroller
Ghargeable to F. R. 'Agent
In hands of F. R. Agent
Issued to F. R. Banks less
amount returned to F. R.
Agent for redemption
126,000
7S2,680
145,212
145,400
102, 6s6
636,968
10,640
110,800
124,140
13,240
92.046
526, 16s
110,900
Gold coin and certif. on hand
32,109
Gold redemption fund
4.937
Gold settlement fund F.R. Board
11.500
Eligible paper, minimum required. 43.500
Total
92,046
191,161
12,867
.2 14 14
154,080
85,740
17,527
142, 266
12,340
13,111
68,213
76 , 50s
5,455
17,005
129,326
62,75S
59,504
25,260 . 11,814
89,620
Kans. Cy. Dallas SanFraa.
36,720
Total
79,315
3,760
68,500
13,946
5,4,554
13.175
I , SOI
88,319
* *»
2064,120
305,414
1758,70&
232,410
53, S07
70,555
41,379
S8.919
1520,296
13,102
* «•
3 , 13s
52,360
15,057
70,555
14,580
2,242
4,674
19*383
41,379
*•
4,320
41,116
43.423
88, 919
266,824
47,984
554,220
650,668
1520,296
27,600
19,949
55.914
821,052
69»3SO
35,060
S3 ,500
10,333
73,167
6,840
4,495
218,607
66,327
«
2,192
39.253
24,832
66,327
2,159
30,500
8,046
53,807
27,939
8,554
264,160
10,493
253.667
•811c
1918 .
11,678
52,302
93>7&>14,425.
COLLATERAL HELD AS SECURITY
FOR OUTSTANDING NOTES:
amount o f e l i g i b l e pa p e r
5,000
317.140
526, 16s
■
423,261
13,368
70,000
25,000
577
2,504
2,199
39,720
110,900
39,020
125,326
37,181
£>2,758
15,081
59,504
484
164,988
53,135
218,607
35,976
53,313
35,556
15,437
53,315
5.S71
70,709
34,320
6,93S
•
*
*
DE
LIVERED'TO F. R» AGENT
64,238
M E M 0.-2. A N D A
FEDERAL
3?» R. Notes outstanding
F. R. Notes held by banks
F. R. Notes in actual cir
culation
§2,046
2,114
526, 16s
89,332
461,719
Within
Sills d iseo unted^d bought
U,S«Gov, t short tjjxi security's
Municipal warrants
I
64,449
15
RESERVE
110,900 129,326
3.306
107,594
days
331,103
151,-392 3-/70
49
4 l214..
124,392
NOTES
OUTSTANDING
AND
IN
ACTUAL
CIRCULATION
62,75S
6,395
59,504
1,149
218,607
-11,323
66,327
3,621
53,807
953
70,555
4,255
41,379
229
88,919
11,340
1520,296
114,068
56,363
52,355
207,284
62,706
52,854
66,300
41,150
77,579
1406,228
DISTBmJTlOK OF BILLS, 0. S. GOV’ T. SHORT TEM SECURITIES
AMD HASmirS- BY MATURITIES.
16 to 30 days
31 to 60 d«ys
bl to 9O days
Over 90 days
87.477
7 ,6 1 4
is
267,591
4,255-?*?
3
7
145,904
2,132
13
Total
8,657
840,732
2 1 9 3 . 9 3 0
457
541
Released for publication Sunday morning March 17, 1918
Not earlier
STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS L<22ATED IN CENTRAL RESERVE
SELECTED CITIES AS AT CLOSE OF BUSINESS MA.RCH 8, 0.918.
_____ XV..Jfcta I or ail reporting banka in each district (in thousands of dollars.)
Tfember banks
Jlo.rejj.ortin^ banks
U.S.Bonds to sec.circ.
Oth#r B . 0 . bonds inc.
liberty B o nd s.........
U .S.certif.of indebt..
TOTAL U.S. sec.........
Loans sec. by U. S.
Boston Naw York
36
14,621
98
50,4?6
10,496
20,325
45,442
162,787
729,243
962,506
Phila.
Cleve.
Rich.
Atlanta
Chicago
St .Louis
X-8lld
RESERVE AND OTHER
79
42,912
67
24,754
39
15,147
94
19,36?
32
1.7,369
32
5,507
69
13,939
San.Fran.
46
41
17,569 35,469
11,191 37,711
40,176 46,805
64,295 127,428
19,250
12,783
56,787
13,462
14,694
43,503
41,384
53,231
-113,982
11,229
2 4 ,oil
53,409
6,052
11,917
23,476
10,947
23,494
4 6 ,3o0
9,657
10, 519
37,945
47
12,928
Total
68‘i
270,058
17,334
24,736
77 , 541
371,700
1, 012,936
1. 654,694
31,348
179,349 22,799 20,924 13,675
3,384
5,247
2,863
2,649
33,106
9,579
3,209
All other loans and
in v e s t m e n t s .................. 712,572 4,008,702 597,347 918,9 59 344,287 291,027 1,354,827 382,545 231,066 452,304 180,846 471,062
59,039
Reserve with F.R.bank
600,600 64,116 82,527 29,217 26,432
139,757 36,531 18,937 45,569 18,857 43,308
Cash in vault .............
22,746
121,936 19,424 35,993 16,251 14,042
.63 ><148 13,235
8,532 16,813 11,843 20,211
Net deii^nd deposits... 593,488 4,243,281 578,497 694,835 273,358 213,945 1,014,072 281,961 176,746 403,755 170,037 354,117
80,684
298,223 14,963 217,337 45,853 78,817
355,289 77,126 45,270 55,570 24,170 102,365
Governn-ent deposits... 42,241
499,853 38,594 50,823 10,711 10,360
0
69,500 28,928 16,770 17,342 11,733
326,134
9, 945,544
1,164,890
364,174
958,092
8,
1, 395,667
796,855
2. Data for banks in eacn Central Reserve City, banks in all other Reserve cities and other reporting banks
No. reportin_ banks..
U.S.bonis tosec.circ
uther U.S. including
Liberty Bonds.........
U .S .c e rtif. of indebt.
TOTAL U.S. sec___
Loans secured by U.S.
bonds,etc.................
All other loans ana
investcents.............
Reserve with F. R.
bank.......................
Cash in v a u lt ...........
Net denand deposits..
Tit.e deposits.............
Government deposits..
I
New York
Chicago S t .Louis
I'/arch 8— March 1
March 8 liarch &
58
58
40
14
35,563
1,393
35,957
Total Cen.Res.Cities Res,Cities
Total
Country Banks
Larch
■
— March 1
!s£arch 8—-ivarch 1 L/arch
-fcarch 1 ivarch 6— Ivarch 1
112
112
420
682
* 676
418
150
* 146
46,720
173,257
170,672 49,476
47,170
270,058
264,562
162,955
711,165
909,703
164,533
770,666
971,176
13,6 wO
31,300
46,493
6,962
166,650
622,744
1,056,114
156,742
224,169
554,166
159 , 036 31,241
221,137 27,062
550,647 107,779
155,326
170,840
17,360
7,941
201,223
126,486
123,560
3 , 5o4,334 3,69o,762
825,346
560,675
517,166
106,058
104,809
3,859,439 3,895,742
244,485
256,160
471,704
486,067
97,223 28,130
39,145
7,676
686,505 L99,787
138,688 57,137
53,021 24,618
Atujnacd figu®*3
4,7£7,431 ±,531,016
686,028
642,268
152,879
149,324
,745,731 4,785,480
440,310
451,302
568,162
21,001
29,680
371,700
375,366
24,056 1,012.936 1,067,937
100,906 1,654,694 1,707,867
20,163
326,134
344,986
4 ,439,071 731,877
714,829 9,945,544 9,941,331
429,253
397,617 49,609
179,257
178,399 32,038
3,660,197 3 ,597,171 592,164
795,875
767,198 159,482
222,659
194,054
49,267 1 ,1 64 ,89 0 1,089,152
31,219
364,174
358,942
585,487 8,998,092 8,968,138
156,566 1,395,667 1,375,066
796,855
776,244
@FedFRASER