-
Released f o r p u b l i c a t i o n Sunday morning Kov. 3 ,
1913: net e a r l i e r * St >45
STATEMENT %R THE PRESS. November 2 v 1Q13<
Large ope ra t ions on Government account , inc3udiug the
redemption of over 2^0 mi l l ions of temporary Treasury c e r t i
f i c a t e s , and cone or, t r a t ion of Government f unds in
the Deserve Banks a re jndj cat e l by the f e d e r a l Reserve
Beard* s weeidy bank state-ment issued as a t c lose of bus iness
on November 1, 13IS The la rge dec l ine in mem-bers* reserve depos
i t s no twi ths tanding the cons iderab le volume of r e a l sccun
ring shown f o r the week i s due a r ^ a r e n t l y to a l a rge
extent to heavy withdrawals of Gov -ernment funds from deposi tary
ma'iber banks .
INVE3TMZKTS: Al l the banks repor t l a rge add i t ions to t h
e i r ho ld ings of war paper, the t o t a l inc rease f o r the
week being 160*5 m i l l i o n s . Other d iscounts on hand show an
increase of 39*3 m i l l i o n s . Holdings of b i l l s bought in
open market decl ined 21,6 m i l l i o n s , t h e New York and
Boston banks r epo r t i ng cons ide rab le ne t l i q u i d a t i
o n of t h i s c l a s s of paper* Go^ern^ant shor t - te rm s e c
u r i t i e s on hand went down 233*3 m i l l i o n s ? fo l lowing
the redemption by the Government of the c e r t i f i c a t e s
issued the week be fo re to four banks . As the r e s u l t cf a l
1 these ope ra t ions the investment account of the banks shows a
decrease of 5.)9 m i l l i o n s .
DEPOSITS: Government depos i t s increased 171*2 mil J ions 5 a
i l the banks except Boston r epo r t i ng cons iderab le ga ins in
t h e i r holdings of Goven .aant f unds , Mem-bers* r e s ex ve
depos i t s dec l ined 2^ t m i l l i o n s and ne t depos i t s -
0CK5 mi l l i ons*
RESERVES: The banks show a f u r t h e r i nc r ea se of / 5 m i
l l i o n s i n t h e i r cash r e -serves , of which 7*1 m i l l i
o n s r e p r e s e n t s a gain in go ld , Tne oanks1 r e s e r v
e pe r -centage , as the r e s u l t of the cons iderab le decrease
in n e t d e p o s i t s , shows a r ?se from 49 v6 to 50'^ per cen
t*
NOTE CIRCULATION: Fede ra l Reserve Agents r epo r t a n e t
increase of 13 "& mi l l i ons in the t o t a l of F* R , no
tes outs tanding , The banks show an increase of ( a lso the l i q
u i d a t i o n of c e r t i f i c a t e s of a l l i s sues in
payment f o r the hew Liber ty bonds> show a decrease f o r the
week of 780,6 m i l l i o n s , of which 5^9 m i l l i o n s r ep
re sen t s the decrease f o r c e n t r a l r e se rve c i t y
banks and 442 *7 m i l l i o n s the decrease f o r Greater New
York banks a lone . U*S bonds other than c i r c u l a t i o n
bonds held by a l l r epor t ing banks show an inc rease i c r the
week of 4gO m i l l i o n s , the corresponding increase f o r the
c e n t r a l r e se rve c i t y banks being 20%,1 m i l l i o n s
and f o r the Greater New York banks - 122 m i l l i o n s . Total
loans secured by Government war o b l i g a t i o n s went up 683*8
m i l l i o n s , the banks in the c e n t r a l r e se rve c i t i
e s r epo r t i ng an inc rease in t h i s item of 392*5 m i l l i
o n s , p r a c t i c a l l y a l l a t the Greater New York banks,
All o ther loans and investments increased l i b , 6 m i l l i o n
s , l a r g e l y ou t s ide the c e n t r a l r e se rve c i t i e
s * The r a t i o of U.S. war s e c u r i t i e s and loans
supported by such s e c u r i t i e s to t o t a l investments
shows an increase from 20,4 to 22,3 P 3 r c e n t . For the c e n t
r a l r e se rve c i t y ban.es oxi increase in t h i s r a t i o
from 22.7 to 23 *3 P - r cent and f o r the New York City banks an
inc rease from 23*9 t o 24,7 per cent i s no ted .
Government depos i t s show an inc rease f o r the week of 302*3
m i l l i o n s , c h i e f l y ou t s ide the c e n t r a l r e s
e r v e c i t i e s Net demand depos i t s decreased 270*9 m i l l
i o n s , of which 72,1 m i l l i o n s r e p r e s e n t s ' r e d
u c t i o n s a t c e n t r a l r e se rve c i t y banks , Time
deposi ts show a dec l ine of 2*3 m i l l i o n s . Reserve ba
lances with the Federal Reserve banks went up 147 3 m i l l i o n s
and cash in vau l t - 1*7 m i l l i o n s , ^
For a l l r epor t ing banks the r a t i o of investments to
depos i t s rose from 12oo to 130,8 per c e n t . For the c e n t r
a l reserve c i t y banks t h i s r a t i o shows a r i s e from
118 to 121.1 per cen t - The r a t i o of combined r e se rve and
cash to depos i t s went up from l4 .9 to l 6 *3 per cent f o r a l
l r epo r t i ng banks and from 15 *8 to 1 / >9 per cent f o r
the banks in the th ree c e n t r a l r e se rve c i t i e s *
"Excess r e se rves" of a l l r epor t ing banks work out a t 232,2
m i l l i o n s , as aga ins t 5^ *8 m i l l i o n s t he week b e
f o r e . For the c e n t r a l r e s e r v e c i t y banks an inc
rease in t h i s item from 30 -6 to l4g *5 m i l l i o n s i s
noted*
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
-
1 November 1, I9IS
$ 3S3, 233;000 4U9,24S,ggo _5,JZ
-
Ccagft*
OF BUSINESS NOVEMBER 1, 1918. i e l c - a s i t o r p u n x i c
a t i o n Sunday morning November 3, I9I8. Not e a r l i e r .
\mSLT STATSISITT OF RESOURCES AND LIABILITIES OF EACH OF THE
FEDERAL RESERVE BANKS AT CLOS ( in thousands of d o l l a r s .
)
Boston New York P h i l a . Clove1. Richn . A t l a n t a
Chicago S t . L o u i s Minn. ICans.Cy. D a l l a s San Fran 1%
276,733 21b 36,206 6,336 7,022 25,310 1,337 8,313 15s 2, i l l
10,292 !i 35,130 28,679 11,922 23,229
153
SOURCES r au l t and i n t r a n s i t -lament f u n d ,
F-R.Board
R E Gold i n Gc3d 34t Sold - .d th fo re ign , a g e n c i e
s
Toia i gold held, oy banks G . ld w i t h F e d e r a l Reserve
Agents Gold redemption fund
Tota l gold r e s e r v e s Legal t ender n o t e s , s i l v e
r , e t c .
l o c a l r e s e r v e s B i l l s )Sec.by Govt.war o b l i g a
t i o n s Dice vd ) 4.11 o t h e r 3.111 s bought i n open
market
Tota l t i l l s on hand. US=Gov't- long- te rm s e c u r i t i
e s U,S,Government s h o r t - t e r m "
sr e a r n i n g a s s e t s e a r n i n g a s s e s s
uncoxxeo&ou. j. uy.ms (deduct from
3, + 28,785 97,^56 57,306 3 2,233 21,901 15,233 70,050
27,204
.collected items (deauci gross deposi ts)
5;3 Redemption f u n d a g a i n s t F-R. bank n o t e s
A l l o the r r e s o u r c e s TOTAL PSSOUEGBS
L I -3 I T I E S Cap i t a l p a i d - i n Surp lus ' Government
d e p o s i t s Due to members, r e s e r v e account
\ 1 "1 ^ 1* 4 z-wt -tI r x--.cn i tems t h e r d e p o s i t s A
l l o the r d e p o s i t s i n d u c i n g
f o r e i g n government c r e d i t s To t a l g r o s s d e p
o s i t s
F .B . n o t e s in a c t u a l c i r c u l a t i o n F-R. bank:
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 o t h e r l i a b i l i t i e
s
TOTAL LIABILITIES
408 204 32,392 67,769
2.011 408 525 204 175 Sl6 233 233 291 376,200 57,930 68,964
28,441 22,430 96,176 23,774 43,736 29,128 20,237 34,502 225,627
95,935 142,152 60,967 45,844 188,236 4s,992 4s,158 48,322 24,215
93,642
T o t a l 353, 233 44g,p4S
5,229
7.000 44o 106, r i
109,166 93,249 10,635
656,730 160,865 211,556 89,504 4 i . i q4 S47 4?7 66^
Q6 4.285 10.515 72,559
loo 294,927 i ULp
-U58-80,924
U J 1 1,271 2,156 315 95,265 78,721 46,608 123,459
832,910 1,149,259
63,46o
lb 2 4 5-730,124 161,412 211,933 90,167 514,153 93,049 69,571
59,730 110,459 17,952 20,737 13,35
148,347 1,760 4 4i6
.29.944 J 6,
72,725 290,309 53,964 134.276
S3
53,031 72,823 47,712 128,777
2,052,229 T> ' 42b
. _ M 3 _ 6 o _ 5 J i 754,556 152,620 150,579
l .4oo 1,348 1,089
7 o l 5^ -. , J 2,Jul
95,032
35,93S
88, 42b 1, 234
6,182 10,SSI 2,735
99,127 311,223 520 4,303
4,031 10,612 24
39,9-3
14,167 35,070 20,33b 32,636 54, i f f 8 3 29,750 50,710 96,246
52,281
126 8,067 4,005 1,323 3,030 1.902
55, 527 37,533
12s,o4T 3,461 2,523 1 1
2,105,085 1,252,904
433,04)1 377,0'fe-U
2,123,019 29,472 S3,750
15 154,523
t+7,592 121
731,
146,799
1,337
160,150 162,349 52,445 103,702 326,344
62,651 51,216 43,433 36,139 74,621
LOf 95, 65,326
52, 7o5 108, x9;
23,269 55,
52,183 134,43b
61,261 lo,4co
200 181
2T5 812
116 275
91 rq-7
312,425 1,673,267 327,534 427,135 221, 436
6,579 20,314 7,391 8,858 \ - 020
75 649 - - l i b 10,709 32,643 23 , 572 17,501 14,396 S^,935
610,324 74,576 111,333 47, 341 42,019 143,234 57,97 2 39,35s 36,
179
106.957 56 147,667 393,2141 .56,120 168,23s 92, 4i6 152,460
722,067 217,924 242,113 122, 088
2,396 20,323 3,662 4,701 365 -" L.243 16.694 2.497 3.155 .231
312,425 1,673,267 327,594 427,135 227, 490
517 1.420
166 380
88 Ol
472 1,074
182 .252.
193
3,170 40
20,346
11,077 21b
3 4 , 7 1 1
;o4 32
213,514 699 , 87 1 244, 290 171,722 2^4,
3,776
27,650 55,776 45,277
260
vbU id.) , >
i r . 1 3,b09 V,
7 , 1 5 c
4,53-
2, 241,270
634,315
3,763 17,015
5,052,114
79,
24, b03 14
53,555
1,971
3,54b 19,503 10,337 45,031 60,511 31,653
57,72b 12,338 25, 220
91,215 237,059 12679^ 3" 2)
73, 2
ifTFT
21,272 75,753 26,616
:, 544
1,134 243,337
i ,44; ,495
54,383 12^190 85,997 111,599 6o,s6o 190,354
543,975 111,827
1,529 .1,430
10,931 6,008
3,244 L765_
7 1 - , C-yV
1,510 .-1^2i. 171,722
2,bbo 3,143 1,457
2,759 2,12.2
54,0S0 I2 j , 504 ;27,150 5;05
2,347,632 2,515,504
63,332 45,086
l l 5
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis
-
Released fo r cation &.jidsy morning November 3, 19IS; not e
a r l i e r . S ' f & m a T OF EEIEBAL RESERVE AGENTS' ACCOUNTS
AT CLOSE OF BUSINESS NOVEMBER 1, 19IS.
( i n thousands of d o l l a r s . ) St.45c
EiS' -lTJUj I^SERVE NOTES: Rcc;-? reu i'.ccm C o n t r o l l e r
L-_- V "0 Oczapti o i l e r
th:-u 'ge tJvle C c I'. B. gout I - OmdF of F- R:- Agent I s s u
e d vo 50IU bank l e e s ancunt
re >?rr.c-d t o F .R.Agent f o r r e -
Boston New York Phi l a . C l e v e l . Hi elm. A t l a n t a
Chicago S t . Louis Minn. Kans.Cy. D a l l a s San F ran . T o t a
l
22?, 530 1,175,2U0 299,200 294,200 172,120 177,300 '487,240
147,800 111,480 150,700 93,920 219, HUp 3,561,260 42,69s 257,196
52,097 25,4o6 30,581 23,140 35,669 22.606 16,936 22,139 19,289
^5,lp4 562,931
184,822 912,044 247,103 268,794 141,599 154,160 451,571 125,194
94,524 128,561 79,^31 204,226 2,998,349 18,200 104,800 15.360
14.619 11.360 35.105 43.200 11,635 7.110 8.420 17,860 - 287,669
166,682 . 833,244 2^1.74? 254 1^5 130.239 l"l9.055 402. 371 I I?
. 559 27.^14 120, l 4 l 61, 771 204/286 2,710,680
CCX.T fili^L SECURlTx FOR no tes :
ft:Id COin and c e r t i f i c a t e s on hand 5,000 (k: id
redcrapt? on tvn 1 10,769
l o ^ d , F R .Eoard 52,000 i.'i3 pape r , minimum r e q u i r e
d
?-rla~i J.C *682
152,740 - 10,750 lb,257 13>57 13,402 967
2,503 3,171 2,213
15,102 2.261 1,75b
10,0-31 2,962 3,250 10,081
110,000 82^478 138*000 60,000 4o'170 126'023 46-131 33,300
4n,3oO 10,854 83,561 867 ^ Z l j Q Z ^ ^ < ^ U Z . S x ^ % 2 2 ?
. ,73,211 220^53 ^3^5P 71.S19 ?jL52s
- \ , . r > i r 1 . r~, I . -71-1 1 -1 . I 7 ! i T ll ~i I '
l l *1 "7 m7 1
200,176 81 ,7 /6
vV I 10.544 3 L i \ . _ :2 i_ yi c. ( ? v' I x.) r)^ .Q.,^ o
JrXLc~_ J^ CS) .( J). ^ 4-^ ^ J U' _'_v ^ ^ I -Z-Lx-*-- - - i 4
813,244 231,743 254,175 130.239 119,055 402,371 113.559 87,4i4
120, l4l 61,771 2^' ,226 2 i10,680
.? /-\T-^Trn ELIvlELE PAPER J.712SD TO F.R. AGENT 143,347
754,556 136,050 145,562 26,025 24,24-9 311,823 83,396 46,44-2
96,246 52,221115,063 2,060,652
F . R... n o t e s o u t s t a n d i n g F, Eo Notes h e l d by
bark: 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
- B i l l s d i s c o u n t e d and bought , U.--5-3ov :t.
short- ' - tern s e c u r i t i e s Munic ipa l w a r r a n t s
M E H 0 R A N D A
FEEEEAL RESERVE NOTES OUTSTANDING- AND IN ACTUAL CIRCULATION
165,6-32 213,244 231,743 254,175 130,239 119,055 408,371 113,559
S7,4l4 120. l 4 i 61,771 204,226 2,710,080 14,222 91,177 15,219
12,062 8,151 2,325 23,241 5,017 1,417 8,242 911 1 >, ; ;2
27o_
152,450 722,057 217,524 242,113 122,022 lio", 070 384,530
102,542 25,957 111,299 60,260 190,954 2, 51 J, 504
DISTRIBUTION OF BILLS, U.S.GOVERNMENT SHORT-TERM SECURITIES AND
WARRANTS BY MATURITIES.
Within I3 days 1,336,4-23
15,688 2
lo to 30 days 128,642
137 .7
3 1 to 60 days 1,511
617 5
25 o l to 90 days
224,735 3,109
10
Over 90 days '21,702 64,199
2, 123 019 ;7g Digitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
-
Released f o r p u b l i c a t i o n Sunday morning Novam" er
3,- l$ lg ; not e a r l i e r . . . . STATIME1TT SHOWING- PRINCIPAL
EE SOURCE AND LIABILITY ITEMS OF MEfffiER BABKS LOCATED IN CENTRAL
BE SERVE, EE SERVE AND OTHER
SELECTED CITIES AS AT CLOSE OF BUSINESS OCTOBER 25, I 9 I8 . (
In thousands of d o l l a r s . )
JL Data f o r a l l report3.ng banks in each d i s t r i c t . '
Boston New York Phi l a . Clcvel . Richm. A t l an t a Chicago St
.Louis Minn. Kans. Cv. Da l l a s San Fran. Tota l
No. r epor t ing banks 44 103 53 85 81 44 101 32 35 73 U5 53 749
U.S-.bonds to secure c i r c u l a t i o n 14,402 50,6lO 11,492
42,713 24,253 15,Oo5 18,866 17,671 6,369 13,635 17,S3 34,505
267,510 Other IKS.bonds inc luding
Liberty bonds 29 >566 4o5,94l 85,415 119,174 52,502 45,571 i
4 i j 4 2 42,093 11,825 26,o6s 24,615 29,563 1,016,975 U . S . c e
r t i f i c a t e s of indebtedness 80,056 385,796 56,107 67,292
3^,937 43,24) 102,725 31,420 17,983 4o,202 1 5 > 3 4 74,153
945,351 Total U.S. s e c u r i t i e s 124,024 842,347 153,014
229,179 111,692 107,179 262,936 91,154 36,177 79,905 57,97b 135,221
2 ,2)3 ,836 Loans secured by U.S.bonds ,e tc . 123,063 6 l 6 , 2 l
4 i60,091 6s,54o 34,963 17,427 54,495 19,273 10,335 8,676 7 ,544
13,349 1,163,570 AH other loans and investments 797,663 4 ,214,931
621,925 977,437 353,587 305,552 1,445,465 386,261 253,467 469,564
177,156 549,249 10,624,'4c4 Reserve wi th F.R. bank 81,809 714,823
68,969 91,476 32,542 25,524 145,350 37,617 23,565 55,028 16,373
61,556 1.360,662 Cash i n vau l t 29,951 130,608 20,867 31,631
19,046 15,918 60,347 12,022 10,148 16 ,56l 12,90b 21,905 >82,210
ffet demand depos i t s 676,394 4 ,4 s i , 308 606,679 724,076 3 l4
,o6s 220,246 1,075,569 255,646 212,617 382,979 145.192 429,617 9
,524,391 T.ime depos i t s 96,746 257,89% 15,957 222,150 56,556
91,315 .371,980 74,113 45,575 59,753 4,625 121,895 1 ,435 ,992
Government depos i t s 178,776 258,382 30,179 57,o4l 52,231 28,683
42,492 38,723 29,212 34,571 5,845 10,903 767,535
Data f o r banks i n each c e n t r a l r e s e r v e c i t y ,
banks i n a l l o t h e r r e s e r v e c i t i e s , and o t h e r
r e p o r t i n g "banks-New oTJ.z Chicagc St .Louis Total Cen.Res
.Ci t ies Reserve C i t i e s Country banks Total
Oct.25 Oct-18 749 745
267,510 265,025
1,016,975 526,677
949,351 1 ,729,511 2,233,536 2,524,516
1,163,970 500,200 A l l other loans and i n -
vestments 3,871,086 3,547,547 891,594 275,661 5,041,341 5 ,006
,881 4 ,707 ,432 4,640,33 5 575,631 860,547 io ,624,4o4 10,507 763
Reserve wi th F .R. bank 687,502 585,449 107,530 25,590 523,922
715,436 450,909 435,523 55,531 59 ,4 l4 1,360,66.2 l '213 373 Cash
i n v a u l t 116,719 H3 ,844 35,290 6,449 155,455 154,652 152,449
153,050 41,303 42,763 382,210 350*495 Net demand depos i t s
4,151,100 4,222,161 735,621 154,070 5,103,791 5,175,907 3,745,107
3,903,521 675,593 715,853 9,524,391 9,795 310 Time depos i t s
205,034 203,4s4 139,550 53,605 398,519 398,491 544,596 541,251
195,534 201,462. 1,435,992 l , 4 4 i 234 Government d e p o s i t s
225,400 209,890 28,426 28,154 - 251,950 249,514 395,576 173,056
86,982 36,994 767,838 459*564 Rat io of t o t a l loans and '
JScf* t e n t 24-7 23.-9 15.1 19*5 23-3 32*3 21-8 18.8 - j 22-3
20.4
: Oct.25-4 Oct. 18 :Oct.25 : Oct. 25 Oct.25-Oct .18 Oct. 25-- O
c t . 18 Oct. 25- O c t - I S No. r e p o r t i n g banks 70 70 44
l4 ; 128 128 452 452 169 169 U.SVoonds to secure c i r -
c u l a t i o n 36i 726 36,778 1,119 10,556 48,403 43,454
170,773 170,974 48,334 4s ,600 Other U.S."bonds inc lud ing ,
170,773 170,974 48,334 4s ,600
. L iber ty bonds 3)6,351 214,320 91,552 31,014 453,917 251,819
468,234 223,684 59,524 51,174 U . S , c e r t i f i c a t e s of i
n -
59,524 51,174
debtedness 366,066 808,772 38,560 24,327 429,253 935,223 444,265
673,267 75,833 113,321 Tota l U.S. s e c u r i t i e s 735,145
1,059,570 131,531 65,897 936,573 1,233,49b 1,083,272 1,072,925
213,991 213,095 Loans secured "by U. S.
bonds, e t c . 575,625 195,500 62,853 14,153 656,664 264,205
445,101 207,526 62,205 23,169
Digitized for FRASER http://fraser.stlouisfed.org/ Federal
Reserve Bank of St. Louis