The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
i
m
W
:ept-
STATEMENT FOR THE PRESS >
hsieased for publication Sunday morning Sept' 2,
i? !? *
1,
IS !? •
XNot earlier*
Considerable shifting of funds., both geograp'; ically a.nd between banks.,
nas been the outstanding feature of the operations of the Federal Reserve
system for the week ending August
191? as shown by the usual weekly bank
statement of the Federal Reserve Board.
These changes were the direct re
sult of Government financing, the effects of the second issue of Treasury
short-term certificates for Aurust, amounting to
O millions, becoming evi
dent during the week while considerable payments to the Allied Governments
were again made*
In spite of these operations the general position cf the
system, both with respect to total resources and reserve position, varied but
slightly.. Aggregate assets at the close of business on the thirty-first of
August were
millions as against 2001 millions a week earlier, while total
reserves were IU
millions as comrared with lh2b millions on August 24.
Gold held by the Federal Reserve banks and Federal Reserve Agents shows a net
reduction on both accounts of about
million dollars»
JJuring the week there were withdrawn from Liberty Loan depositaries in
i'.ew \ork about
millions which with some
millions received on account of
tho August
installment on the Liberty Loan &ad 4 total withdrawal frcn vhe
market of about 128 millions,
In'the aggregate
ffov* T&rK bank collected
about I I millions on account of the certificates and redeposited
millions*
a^ments were made to French Government representatives on Treasury account^in
r,e bum of 40 millions, to British representatives 35 millions, and to Russian
rw-piobentatives 47 * millions, a total of
‘m illions*
In order to strength^a^ances
New York to meet the payments called for there were trans5Urin- *the W69k f rom. other. Federal Reserve banks a total of 23 millions,
W
? oame froni Boston, 10 from Philadelphia, and 2 each from Cleveland;
~cnmor,a and MinneapolisTen millions of the funds available were, however,
^ 5 ° ^ ^ 1errefjL 0k‘ the Federal Reserve bank of New York to Chicago.
On August
2± Boston, Cleveland, Chicago and San Francisco each transferred 5 millions to
tne United States Treasurer,
The net results of the week’s operations grewGovernment financing has been, however, to leave the advances
Oi Federal Reserve banks on this score at a very moderate figureThe casn
ressrves^for the week against net deposit lia b ilitie s fell from 8 0 . to
13*9/°'
ihe total of collateral notes protected by United States securities
held on August ~}1 was 1 1
millions as against 8 ,4 millions a week earlier,
tne figure for August 24 being itself the smallest since Government borrowing
operations oegan*
Total collateral notes held aggregated only 44v6 millions
.^ August
as ayainst 3^*5 on August 24, the increase being, therefore, but
h.o millions above that produced by the slight increase in collateral notes
protected by United States securities w
^
Total earning assets show a material increase for the week rising from
.
millions to
I millions, an advance produced chiefly by the increase m ■
bills discounted for members from 128 millions to 147 millions, and represented
per^ cent of the ■oaid-in capital of the Reserve banks on August yi as compared with 624 per cent on August 24.
Acceptances constituted 40*6 per cent
of the total earning assets/ discounts 3^*7 per cent, United States securities
20*4 per cent, and warrants 0*3 Per cent*
Bills bought in the open market
fell off slightly, declining from 159*5 millions to I U
millions*
Changes
m Government securities and municipal warrants have been of a purely minor
nature.
Acceptances held are distributed in practically the same way as a
week ago, minor declines and ^c T ria 1
^ s /here and there in acceptance heldings. .
Member banks reserve deposits show a falling off from 1121 millions to 10/0
millions, while Government deposits as the result of the recent borrowings
increased from
millions to I U millions*
Additions to Capital stock of member banks and the movement of State
banj.es into the Federal Reserve system ^ e reflected in an increase in capital
stock from 58-5 millions to 5^*9 millions - Sffi?is /included $90,000 in Boston,
$92,000 in Chicago, $93,000 in Cleveland, $111,000 in Kansas City, and $28,000
in Minneapolis*
The week! s operations show an increase of Federal Reserve notes in ac
tual circulation from
millions to ®
millions, while those outstanding
increased from
millions to 644-9 millions*
The volume of notes held by
tne banks continued nearly stable, rising slightly to 57 millions on Aurust
31.
Federal Reserve agents held U
millions in gold and
millions in
paper to protect outstanding circulation*
25
2658
06
19
30
103
25
0
5
120
5
122*5
,9
0
31
304.9
0^7
38
5 .5
0
60
5
6
627*3
573
5 7*9
93
156
Released for publication Sunday Morriir.j: Septv^o^'r 2, lg it , '!ct^
a r11 e r.
'
■
>-35 2 a
, STATEMENT OF COMBINED RESOURCES ”AND* LIABILITIEP^O^' T'r£ T'VLV? FEDERAL ill SERVE BANKS AT CLOSE' OF BUSINESS iiutrust
31, I
.
'
■
11- S O U R C E S
A u^nsV 3i ; 1917
■August
1917.
September ,
.
Qold .corn and certificates ' in v au lt......... ....................
<Mn C m
( a) $426,741, 000
$245,358,000
Gold o « l e « n t fund.........................................................
S 'a v 'n n n
397,067, 000
104, 601,000
c ^ 500^ ono
' Gold wit- foreign a g e n c i e s ,,.................... ..........................
5 2 .500. 000
'3 5 3 2 W 000 '
Total $ld held by banks --....................................... ..
(a) 876,308, 000
3^ 9,959,000
Gold with Federal Reserve Agents.................................
Uqt / i sc*Ann
488,536, 000
177.035.000
000
1.812.000
—L
.
.
3
15.<
,und........... : .........................................
lotal sola reserves...............................
. , ........................:
(a) ,
,
i,
353,^98,000
528
. 806.000
Legal tender notes, silver, e tc ....................................... .
.
(a)
5
2
.5
50
.0
0
0
....13,605.000
Total re server.......... -...........................................................
1 ,4 06,108,000
1 ,4 2 4 ,7 6 9 ,0 0 0
542.411.000
B ills discounted - Members........ ................................ ..
1U7 7 1 c aaa
128,407, 000
,
B ills bought in open m a r k e t .,.............................................
i r U sen aaa
000
79
.2
78 .0 0 0
1
5
.9
^
5,
5
7,
^ ^ 1 ,0 0 0
Total b ills on hand............ ................................................
,
287.964.000
.
U.S.Government lon~-tera s e c u r i t i e s ..,.,................... ..
45.1406.000
.
46, 821,000
d-S• Gove ran:ent short-term securities............... ............ 30.480.000
32.521.000
,
Municipal warrants...................................................................
1
.
212.000
1
.
210.000
21
.3 02.000
Total earring: asse ts ...................................
364.902.000
381
063,000
.
Due f rov oth,r~ F. R. Banks _ Set............. ! ! .! ! ! ! ! ! ! ! !
10 2}} 0Q0
, 000
35.607.000
Uncollected itsms........................ ...........................................
260 iflU nnn
-2lo_iffL 000
»
____ .
Total deductions from rcross deposits............. .
*
1
,
270,417,000
.
5/- redemption fund against F.R.Bank D t e s ....................
917
7
1 372 219,000
52 610.000
301 906,000
,
A
Government deposits.............V. I]
S ? ** ■ « * • « - reserve account....... ...........................j
%
J
r
58,904 ,000
-.rh , Ro non
CIeari!Vf . aj;3unt: : : : : : : ; : : : '
069 &
f ' r 'b
'
actual circulatio n ................................. ...
A l l 'o ^ e n ' ; n. cirn,la' io”- w t liability..............
'POT/it £
ies inc^Ui^-foreign Govt- credits--•
Go { ^ l D u t i e s
Gold1?'6/*?* asainst net deposit l i a b il i t i e s ................
C-olj * * * 1'1 ^ o n e j j e s a r v e a~st.net deP . l i a b i l ' s ____
agst. i^funotes in actual circulation...
{
)
0 r* f , r-4 -,-j f 1 <ylj 1*0 ^ t
35 607.000
500,000
5 8 ,4 8 4 ,0 0 0
5 9 .9 72 .0 0 0
,
,
.
1 121 129,000
32 933.000
000
23^ ° ° °
T o S ' 5 - ^ 3®' " ' .............................................................. - 1^-0 , 27 8,.000
•p P w.* USS d6? ° S l t s ...........................................................
.......
210 630,000
500,000
_______ 339,000
2 ,0 0 1 ,1 4 0 ,0 0 0
, ,
2 058 381,000
Capital r'aid-in......... .
45 226.000
26 392,000
105 670.000
8 205,000
181 998.000
243
500,000
291.000
All other resources..............................................
TOTAL RESOURCES
1. X- i £ I i i I 2 . I E S
587 915,000
6 023,000
12 196.000
2 058 381,000
3>031.Q00
763. 547.000 ■'
390.000
55.
5 0 .9 1 8 .0 0 0 ■
484.
1T7.955.000
1 ,3 9 3 ,3 ^3 ,0 0 0
,
,
.
,
,
1 1916
1 .3 5 1 .9 8 9 .0 0 0
573,04 9 ,0 0 0
5 ,4 7 3 ,0 0 0
1 2 .1 45 .0 0 0
2 .0 0 1 .1 4 0 .0 0 0
75-2$
7 6 .0/'
79-9/
80.6/
85 , 1^
86. 5^
697.000
615", 006
170 561.000
1 690,000
291.000
763. 547.000
70. 0#
535,
.
,
12. If
104.9$'
asleased. for publication Sunda~.T morning September 2, 1917* Hot earlier.
WEEKLY STATEMENT OF RESOURCES AFD LIABILITIES OF EACH OF THE FEDERAL
/ In thousands of
N. Y. Phila* Clevel.
Boston
R E SX> U R C E S •
$27,361 221,069 28,464 28,518
Gold coin and certificates in vault.
4, 848 115,191 14,035 56,645
Gold settlement fund
18,112
Gold with foreign agencies________________
3,675
L i l S ___ kxIiS,.
35,884 35^,372 46,174 89,888
Total cold held by banks
Gold with Federal Reserve Agents
25,796 208,072 32,072 33,024
2.500
700 _____ 2 L
GujJfcRede'aVption Fund _____________
-5Q0.
62,180 564,944 78,946 122,950
rTotal gold reserves
39, 612 , 1,061
490
jjegal tender notec silver, etc*
66,338 604,556 80,007 123,440
Total reserves
21, 217 10,822
Bills discounted - Members
6,111
22,217
20.410
Bills bought in open market
15.647
19,475.
37,864
Total bills on hand
31,232 25,586
U.S.Government long-term securities
2,804
610
867
7,918
U-S.Government short-term securities
2,194
2,548
2,865
3,538
Municipal warrant
________________
_122_ i._Q55_
Total earning assets
40,668
74,054 34, 776 '"’ 37,424
Due from other F.R.Banks
net
19,098
..................
2,901
Uncollected items
26,358
75.288 30.407 17.198
Total deductions from gross deposits
45,456
75,288 30,407 20,099
5fo Re damp t ion Fund ag 1st F.R. Ban k no t e s
All other resources
TOTAL
152,162 753,898 145,190 180,963
BILITIES
Capital paid in
5,463
12,125
6,458
5,267
Gov a runicnt deposits
23,412
1,897 20,216
3 7 , 5 7 3
Due to niembe rs- re So rve account
77,701 375.82U 6 7 , 7 9 8 98,379
Due to nomember banks-clearing acc]
22,930
Collection items
14 ,789
27,176 24,238 13,516
Duo to other F.R* Banvs 37 ■290
2 ,519
Total ~ross do^osits
115,902 500,793 96,452 132,111
F.R, Fotes in actual circulation
30,415 229,624 43,203 42 ,382
. R -B1r. Fotes in ci rcul at ion, net l i ^ n .
II othor lia b ilitie s incluain;" icreign
Govemment credits
382
11.156
268
12
67,712
•
TOTAL LIABILITIES
(:)
B i .t f e r e n c e be twee 11
X-352 b.
31 , 1917 .
RESERVE BAMS AT CLOSE OF BUSINESS AUGUST
dollars)
Richm.
6,241
33,395
1.82Z
41,473
8,714
834
51,021
Jai
St.Louis Minnls. Kas. Cy ; DUllas S.Fran. Total.
8,721 13,834 15,043 416,797
3,595 17,375
22,426
40,506
8,332 14,759 383,937
5,199
2.100
2,100
1.838
2.625
2,888
52.500
28,121 24,674 51,852 24,004 32,690
853,234
493,185
16,537 16,274 17,428 15,615 28,435
521
21
381
-7,079
_582_
JfiL
180,900 45,039 41,537 69,801 40,071 61,146 1 , 353,498
1.524
52.610
JO
_ _ i i 2a.
-312- S &L
184,529 46,563 41,880 70,113 41,028 61,216 l, 4o6,108
8,001
14 ,158 10,888 15,365 10,440
7,603
9.824
10.354
4
.996
18.265
2,2.3.59.
301,906
32,423 15,884 18,500 20,794
9,962 17,825
2,448
45,406
8, 849
11,986
2, 240
3,969
1,859
32,521
1,444
3,666
1,869
1:554 1,791
3,579
46
1.J30
Atlanta Chicago
7,040 39,536
5,410 63,191
.1 ,5.75- _ L m _
14,025 110,077
20, 65O 70,568
288
255
3^,963
621
35,584
6,138
14,355
1,558
2^I3_
7,696
16,428
704
1,152
5,504
1,969
51,154
147,315
154,591
135
19,568
2,683
21,913
825
31,434
823
15,846
316
11.503
14,186
8.158
10.256
11,079
400
9 ,0 40
19,549
3,904
12 .363
16/267
13,904
1,085
48,075
13,234
11,672
48,132
86,970
6
5
_______ 24_
61,225 280,736 80,341 72,776 113,026
3
, 4 7 5
16,040
36,921
9,124
62,035
21,359
10.587
34.898
8,983
2,510
7,74 3
3,857 17,909
25,039 152,987
...
5,650
6,717 17,631
3,264
2, 792
43,824
2,552
7 ,H 3
35,771
8, 767
2,802
7,221
35,613 194,177
23,102 78,758
55,383
21,694
45 , 68 6
79 , 5 13
24,485
...
51
...
58
152,162 753,898 145,190 180,963 86,970 61,225 280,736 80,341
3t amounts due from and net amounts due to other F. R. Ban1
35-
72
,776
6
9
, 3
5
6
100
137
2,756
6,785
5,611
, 5
0
7
24,160
6,023
14.128
19,301
260.184
270,417
iL
293
500
66,467 104,436 2, 058,381
3,314
5
23,852
381,063
5 , 173 (a) 10,233
58,904
3,225
9
75,698
30,903
3
3,977
11,153
154,358
59,150 1 , 069,804
323
28,903
5,072
140,278
, 7
3
9
23,972
...
24,761
...
1
,
3
9
3
, 3
4
3
587,915
6,023
16
12.196
113,026
66,467 104,436 2 ,0 5 8 ,3 8 1
Released for public at ion Sunday mornin- Septeriber Z.j 1917*
Not earlier.
STATEMENT OF FEDERAL RESERVE AGENTS ACCOUNTS AT CLOSE OF BUSINESS AUGUST
,
.
(In thousands of dollars)
Federal Reserve Notes:
'Ston
N- Y.
Phila.
Clevel. Richm. Atlanta Chicago St.Louis Minn *s * Kas*Cy.
Dallas
Received from com.-ot roller
Returned to Contro ler
12 ,384
88,668 11,028 . 6, 5^6 12,346
6,980
8, 615
. 1.472 ... 6,506
7,759
10,105
Chargeable to F„R. Ayent
50,296 377,492 60,472 57 ,464 25,094 30,621 113 , J88 27,194 31,660 37,105
32,815
In hands of F, R. A~ent
m uAQo. 119,920 15 , 000 13,440
3,100
5,960
29,100
3,990
4,790
9,280
8,445
Issued to F.R.Bank less
^^mount returned to F.R,
^p-ent for redemption
44,024 21,994 24,661
84,688 23,204 26,870 27 . 825 _ 2i L .120
J 5 uI9.6 _2 5 .L 5 72
1
1
Collateral held by F.R, A^ent
as security for outstanding notes
Gold coin and certificates on
hand
Gold redemption fund
With Federal Reserve Board
Commercial paper, minimum
required
TOTAL
Amount of commercial paper delive red to F*R* Ayent-
22,210
1,586
2,000
197 , 305
10, 767.
10,000
35,796
714
3,338
1,272
8,000
310
25,279
10,662
2,362
20,000
16,040
70,258
49 , 500
13,400
11,000
13,280
4,011
257,572
45,472
44,024
21,994
13 . Uc4
11,CC0
l 6,H 2 c-
10, 01 ?
14,060
14,120
6,667
10,596
66l
84,688
23,204
4*1.17
ir, . 33-1
M rc
24,
2, 370
998
12, 610
1,201
Total
3. 725
28,435
178,124
872,436
227,525
28A31_._
644,911
269,170
1,804
1,445
26,990
24,974
199,041
10,397
8,755
t* *
151,726
26,870
27,825
24,370
435
644,911
10,596
10,402
9,191
»» .
156,219
370
28, 435
3,674
24,761
644,911
56.Q96
28,
M EM 0 R A N D A
Federal Reserve notes outstanding and in actual circulation*
35,796
5m.8i
30,415
Within
Bills discounted and bought
Municipal warrants
12,360
13,102
922
2, 250
3/ 353
am
S.Fran.
~
•
F, R, Notes outstanding
F* R« Notes held by banks
F.R.Notes in actual circulation
4, 220
2,573
X-352C
31 1917
257,572
27,948
229,624
15
45,472
2,269
43,203
44,024
1,642
42,382
21,994 24,661
84 ,688
635 ... 1,559 . 5x239
78,758
21,359 23,102
23, 204
1,510
21,694
26,870
27,825
2.385.
24,485
3,665
398
24,160
23,972
24,
Distribution of Bills and. Warrants by Maturitiesdays
108.291
1,026
16 to 30 days
55,508
31 to 60 days
80, 170
146
6l to 90 days
46, 124
Over 90 days
Total
2,81-3
301,906
58
1,230
587,915
# x-359 d
Released for publication Sunday morning, September
earlier*
Statement for the Press.
September
8,
1917*
Large discount and open market operations, also substantial additions by al"
the Reserve banks to outstanding Federal Reserve note circulation are indicated in the
^tookly Dank statement of the Federal Reserve Board issued as at close'of business on
^eptember Jj
j.
Government financing, including payments to allied governments,
^aused transfers on government account of over
million dollars from the interior to
the Federal Reserve Bank of New York.
These payments totaled 80 millions* the British
and French governments receiving UO millions each.
A credit of 10 millions standing
crec^ ^
Italian government was also withdrawn from the 1'Tew York Reserve
^overnnlent expenditures caused additional withdrawals of funds, with the
.e^u
"total government deposits show a decrease for the week of llU#U millions*
arfce portion of the funds withdrawn by the government was deposited with member bankr
ana by the latter redeposited with the Federal^”Reserve banks.
As a iresult of these
pera
ns and the payment of reserves by newly admitted members, reserve deposits
°W a
lncrease ^or ^he week of
millions, largely at the ITew York bank*
r f
res$rves against deposits show a further increase of
millions,
r ilV
S° ld foldings
both the banks and agents increased by about
q Q10ns*
he ratio of cash reserve.to net deposits shows but a slight decrease from
per cent to
* , while the ratio of cold cover to reserve notes in circulation
191
0 6
75
*^6
10
--6
eSat6
6
7
68.7
79 0
85,1 per
9*5
80*8
11*3
35*1
lio
f i T
cent to
Per ce^
a matter of fact, of the
mil>) nS-°,
^
Reserve notes issued during the week nearly 90 Ver cent were secured
J c o ^ e r e u ^paper pledged with the Agents, the latter holding at present about 187*♦2
^ions
discounts and acceptances as collateral for notes issued to the banks, as
against
millions the week before.
0
156,1
,
Hlgher money and commercial paper rates caused a considerable demand for funds,
^ ic was me
argely through the discount and open market operations of the Few York
eserve an , the latter reporting an increase for the week of
millions in disOfUi\e
tmos^ y collateral notes, and of
*U millions in acceptances on hand.
pn £ ,i? *a dlscoun'ts> 64.1 millions is represented by collateral notes, of which
II * ni>! ^ons Wcre secured by Liberty Loan bonds or U. S. certificates of indebtedness.
* , on s^on hand show a slight decrease, while the holdings of short-t^rm government
secun i^s increased by about 10 millions, the Hew York bank reporting an investment of
is amount in U.
, certificates of indebtedness.
Municipal warrants no longer cons
u e any appreciable portion of the banks’ earning assets, the decrease for the week
rep re sen ing amounts matured and liquidated*
Total earning assets show an increase for
the week of 4 8.4 millions and constitute
per cent of the banks Paid-in capital,
compared with
per cent reported a w^ek earlier.
Of tho total, U0*3 per cent is
represented by acceptances;
per cent by discounts; and 20*5 per cent by U. S .
securities.
17
6
25.6
1
647
725
1
39,2
«, ., ^m ission to the Federal Reserve system of state banks and trust companies, also
additions to capital and surplus of member banks account for an increase of $
ln^pai m capital, the Chicago and Kansas City reserve ba.nks reporting the largest
An increase of
. millions is shown in nonmember clearing deposits ,
^as"^ wee^ the Metropolitan Trust Co. of T7ew York opened a clearing account
with the Federal Reserve bank,
352,000
23
^lio),
R®sen[e notef issued to the banks are given as $680,073,000 secured by
f
and $187,218,000 of paper.
The banks report an actual circulation
0 ifrbdl, 299,000 of Federal Reserve notes, an increase for the week of $33,384,000.
«
v
^ ,— *
, w '
w v
•
* * ‘
^
Released for publication Sunday morning September 9, 1917Hot ee.rlier.
X—359a,
STATEMENT OF COMBIflEI) RESOURCES AITD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTEMBER 7, 191/.
R E S O U R C E S
■ September 7, I 9 I 7
August 31, 1917September 8, 1916 Gold coin and certificates in vault................................ $414,433,000
$416,797,000
$£48,846,000
223'853,000
383,937,000
118,950,000
. Gold settlement fund.................... ......................................
Gold with foreign agencies.................................................
52,500,000
52,500,000
Total gold held by banks..................................... .
gAp 70 c -yy-i
' QV > i'
---__________
Gold with Federal Reserve Agents.....................................
494’’ 779>000
liol'’ i rcj%rR
3^7,796,000
« v,
j
xr j
” ' 1
‘+93,185,000
1«1 n?Q o
■Gold redemption fund...........................................................
7,218,000
7 07Q OOO
i n a h ^
Total gold reserves....................................................
=
1,364,783,000
-- ----1,353,498,000
Legal tender notes, silver, etc........................................
50,608.000
5 2,610,000
^ r i 8 ? J000
Total reserves
'
1,415,391,000
1,406,108,000
5 7 8 ,1 ^ ,0 0 0
Is discounted - Members...............: ...............................
168,217,000
147,315,000
27 527 000
Bills bought in open market..............................................
173.199.000
154.591.000
79.808.000
Total bills on hand....................................................
3 4l,4l6,000
301,906,000
107,335,000
U5 , 394,000
45,406 000
45 954 000
U. S. Government long-term securities............................
U- S. Government short-term securities....... ...................
42,441,000
9 055^000
Municipal warrants...............................................................
204 000
'V l W .O O O
21. l ^ . 000
429,455,000
381,063,000
183,510,000
Total, earning assets -.................................................
12,036,000
10, 233,000
28,706,000
Due from other F. R. Banks - Net.. . . ........... . ............. . .
Uncollected items.................................................................
2I 6 .Q 6q .000
260.184,000
. . .
Total deductions from gfrrss deposits.....................
228,996,000
270,417,000
28,70 6 000
5% redemption fund against F. R. bank notes..................
500,000
500,000
484,000
................................
372.000
293"000
3,403*000
All other resources.............................
T ™ T^ ^ S 0URCES
2,074,714,000
2, 058 , 381,000
794,299,000
Ij I A D I L 1 1 liiib
#
Capital paid in .....................................................................
government deposits..............................................................
A s to members - reserve account....................................1 , 138 , 542,000
Due to non-member banks - Clearing account...................
Member bank deposits - Net.................. ...................... .
. . .
-Collection items......... ........... ............................................
Total gross deposits..................................... ...........
F. R.Notes in actual circulation......................................
F. R. Bank notes in circulation, net liability............ , •
All other liabilities including foreign Govt-cr-edits. .
total liabilities
Gold reserve against net deposit lia b ilitie s- ..........
Gold and lawful money reserve against net deposit l i a b i l ’s*
Gold reserve against F*R. notes in actual circulation-
(tC
onet \bk:: to F. .3. Bat* £3 .
59,256,000
39, 926,000
52,339,000
58,904,000
154,358,000
1 , 069, 804,000
28,903,000
. . .
154,112,000
1,384,919,000
621,299,000
6,894,000
2, 346,000
27074, 714 , 5oo
140.278,000
1,393,343,000
587,915,000
6,023,000
12,196,000
2 , 058 ’ 381,000
7 6
U. $
79*0^>
8 0 .8 ^
75 *2$
>dc1
S
0 mr
55,406,000
44,236,000
. . .
70
8
514,225 000
' . "
558,461,000
177,781,000
2,334,000
317 000
794 , 299,000
£>9*5/£
7h>bfo
^
102
aood for publication Sunday morning September
I 917.
ffat e a “ll^r*
zb
v&EKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE FEDERAL RESERVE b / ’IKS AT CLOSE OF BUSINESS SEPTF/MBI
( I t h o u s a n d ? c {;
1c’.r;~)
R E S O U R C E S
Bos~cr>
rT. v.
T-h’ ia- Olfttrei.
Kiohra.
A llan a 'Ii i.7;cjT0> S t . I-oui s Minnls. Kas•Cy .
Gold coin and Certificates i
ault
^30,175 238,724 11,097 26,693
6,285 6,308
•*0, -.8-1
3,186
16,015 8 ,693
Gold settlement fund .
7,259 114,960 3 2 ,C : 48,574 30,965 1,972
70,768 26,142
6,168 36,739
Go-14 with foreign agencies
3^675 18.112
3.675 Q, 725 1.837 i ' 575
7 ,350
2.100
2.100
2.625
Total gold held by banfes
41,109 371,796 47 ,0 00 79,992 39,087 9 ,8 5 5
118,602 31,428
24,283
48,057
Gold w;ith Federal Reserve Agents
23,605 195,649 30,187 34,890 10,650 24,610
78,824 16,518
16,255 17,383
Gold Redemption Fund
J— 500
2.500
700
23
829
283
379
____ 709
520
-35\.
^ J d t a l gold reserves
65,214 569,945 77,887 1 4 ,9 0 5 50,566 34,748
197, 681 48,325
41,247
65,960
^ p a l tender notes, silver, ate.
-3^8-07
18,604 1,143
347
130
3.336
1.439
344
168
Total reserves
69,021 f 08,549 79,030115,252 5 0 ,6 9 6 '3 5 ,1 0 1
201,017 49,764
41,591
66,128
Bills discounted - Members
1 6,100 .^6,853 11,764
6,425 13,284 5-833
14,980 10,923
14,585 12,624
Bills bought in open market
16 ,_541 , 63, 871 22.002 20.8^4 2.062 1 . ~;,3
16.287
4.912
3 .^ 3 0 9 .147
Total bills on hand
32,641 110,724 33,766 27,249 15,346 7,576
31,267 15,835
17,815
21,771
U . S . Go ve rnnient long-i era ^e.u r.xies
610
2,804
867
7,918 1,153
703
11,915
8,235
1,859
8,849
U.S.Government short-term scur:ties
2,194 13,538 2,548
2,865 1,969 5,504
3 ,6 6 0
1,444
1,554 1,789
Municipal warrants
126
32
Total earning assets
35,445 127,066 37,307 38,064 18,468 13,783
46,842 19,514
21,228 3^,409
Due f«rormother F. R. Bants - Net
3,547
...
5,981
667
.................
7,338
1,341
1 ,4 1 8
154
Uncollected items
P « .*5.Q— ill 106 30,636 14.048 12,690 11.968
25.634 12,913
7.833 12.283
Total deductions from gross deposits 26,697 47,106 36,617 14 715 12 690 n Qfifi
3 J, 972 14,254
9 ,251 12,437
5fi Redemption Fund ag ct F.R.Bk.notes
...
....
J
1
’
400
All other resources
...
.....
**'
" c
50
16
TOTAL RESOURCES
~ --131,163 782,721 S &,95 4 168,031
81,85* 60,927
280,881 83,548
72,070 111,374
359
353
1
7
L i A B I l l ' S l E S
t
ital paid in
5,464 12,125 5,267 6,459 3,476 2,505
7.993
3,269
ernraent deposits
3,627
8,927 2,848 2,621
2,522 (b)815
5.993
3,935
Due to raesnbers-reserve account
71,342 435,211 73,687101,280 37«,526 25,171
160,319
4*,219
£ue to nonmember b an ks-c lea ring acct
....
47,571
............................................
, 534
Collection items
18-,324 30,018 27,382 11,682 10,960 8,179
17,394
9,062
Due to other F.R.Banks ~ Wet
-7.3.71
3.486
3-±5
Total gross deposits
93,293 529,098103,917 115,583 54,494 32,8 80
18-8, 240 57,216
F.F;.Notes in actual circulation
32,009 239,987 43,501 45,939 23,846 25,542
*sj
23,063
F.R.Bk.Notes in circulation,net liab
All other liabilities including for
eign Government credits
-397
1.511
269
50
38
, . 0,
♦ » t
TOTAL LIABILITIES
131,163 782,721 352,954 168 , 031 81,85*
60,9 27 280,881
83,548
(a) Difference between net amounts due from and net amounts due to other J'-R. Banks
>
4
8 6<±8
2
, 556 3,372
3 ,3 3 0
36,549 66,630
2,110
2
3, ±c
8,086
43,121 76,828
26,345 2 4 , 247
6,894
43
33
72,070 111,374
Dallas o. .I*i ij.jfi
Total
13,939
7,121
• 1.838
^2,898
16,534
____ 498
39,930
____ 860
40,7 90
7,544
2.865
10,409
3,969
1,869
41 4,43 3
395,853
5 2 .5 00
86 2,78 6
494,779
7.218
1,364,783
50.608
1 ,4 1 5 ,3 9 1
168,217
173.199
341,416
45,394
4 2 ,4 41
12,834
12,957
2.888
28,679
29,674
22
58,375
77
58,452
7, 30i
9 .715
17,017
2, 512
3 ,507
46
lt>, 293
8.691
8,691
100
130
66,004
2,772
2,253
31,461
2,546
1.117
37,377
25,855
66,004
33,036
42 9,455
•3,909 (<& 1 2 ,0 3 6
10.008
2 1 6 .9i©
13,917
228,996
500
372
95,506 2 ,0 7 4 ,7 1 4
101
3,998
59,256
2,575
39,926
55,14-7 1 ,1 3 8 ,5 4 2
& 34
52,339.
7,235
154,112
65,191 1 ,3 8 4 ,9 1 9
26,317
621,299
6,894
2 6
, 34
95,506 Cj, 07 x } 7i.4:
(b) ovc rd ra f t .
Released for publication Sunday r.iorning September 9j 1917-
^ot earlier*
55(.!c
STATEMENT OF FEDERAL RESERVE AGENTS1 ACCOUNTS AT CLOSE OF BUSINESS SEPTEMBER J, 191/'.
(In thousands of dollars)
federal Reserve Motes:
Received from comptroller
In Y ~ ^
39^8^40 41,080 ilfe,o6o'
116.620
60,087
I S .000
57,330
SL440
27,427
37,765
268,149
45,087
47,890
25,867
Collateral held by F.R,Agent
as security for outstanding notes
Gold coin and certificates
on hand
19>550
Gold redemption fund
2,055
With Federal Reserve Board
2,000
Commercial paper, minimum
required
14,160
185,205
4,220
2,488
23,479
12,379
2,511
20,000
72,500 ..14,900
TOTAL
.Amount of commercial paper de
livered to F. R.Agent
473,760
71,500
4$ , 7 65
12.000
584,76$
9}«vel. Rich-. Atlanta Chica-Q. St.LouU
64,000
Chargeable to F-R* Agent
In hands of F.R. Agent
Issued to F.R.Bank lass
amount returned to F.R.
Agent for redemption
4)6. , 680
10,444
• # *
1,560
—
----
«mn*a 'fcas.Uy. ite-LJ—: S.rran
33,100
Ijl.1 ?
j
33 , 272114,325
5,150
23,580
28,122
90,745
• • %
3,338
• * »
650
10,000
1,222
20,050
287
13,000
15,217
27,175
2,690
38, 6Uo 45,720
1+2,920
J_
31,641 37,008
3,590 _ 8 36 0
4V,
28,051
24,485
28,048
32,615
6,425
26,190
13,102
90 3
2,250
2,370
953
14,060
12,610
1 , 280
78,537
1,005
12,160
3.512
11.921
7.967
11,796
3,353
Total
33/760 1 , 065,660
H.UOD
lbU.h /2
29 , 674
885,088
* « ♦
205,015
29,671
A
ftO H
OOUj
U7(-jZ
2,644
1,434
2 8 ,2h0
256,127
25,232
213,420
10,665
9,656
« * *
185 .294
680,073
37,765
268,149
45,087
47,890
25,867
28,122
90,745
24,485
28,051
28,048
26,190
29,674
14,176
73,256
14,905
13,004
15,346
4,017
12,141
7,971
11,796
10,942
9,664
* ft «
187,218
O R A
I
A
28,048'
3,801
24,247
26,190
29,674
3, 357
26,317
680,073
M E M
•
£
Federal Reserve notes outstanding and in actual circulation.
F.R. notes outstanding
37,765
F. R. Notes held by banks
3J56
F. R. Notes in actual circulat:Lon 32,009
268,149
28.162
239,987
Within
Bills discounted and bought
Municipal warrants
45,087 47,890
1x586,
1,951
43,501 45,939
25,867
2.021
23,846
28,122
2.580
25,542
90,745
6,097
84,648
24,485
1,422
23,063
1,706
26,345
Distribution of Bills and Warrants by Maturities.
l6 to 30 days
31 to 60 days
6l to 90 days
15 days
123,459
28,051
56,671
126
96,983
20
57,455
335
25,855
over 90 days
Total
1 8U8
58
3 UI, 416
204
58,774
621,299
@FedFRASER