h41_19181117.pdf

Released for publication Sunday morning Sfryetiber 17, 19.18; not ea r l i e r . gt',71 , November 16, 1918,

STATEMENT FOR THE PRESS- v

F a r t h e r i n c r e a s e s i n the h o l d i n g s of war pape r , p r a c t i c a l l y o f f s e t by dec rea se s in e t h e r d i s c o u n t s on hand, a l s o c o n s i d e r a b l e g a i n s i n government d e p o s i t s accane^- . i* pan ied by a l a r g e r d e c l i n e i n members' r e s e r v e d e p o s i t s a r e i n d i c a t e d i n the Fede ra l Reserve B o a r d ' s weekly bank s t a t emen t i s s u e d a s a t . c l o s e of b u s i n e s s on November 15, 1918.

INVESTMENTS: Holdings of war paper , i . e . , d i s coun ted b i l l s secured by U.S. war o b l i g a t i o n s , show an i n c r e a s e f o r the week of 41 .6 m i l l i o n s and c o n s t i t u t e a t p r e s e n t 59 .1 po r c e n t of the Reserve banks ' t o t a l e a r n i n g a s s e t s , compared w i t h 57 per cen t the week b e f o r e . Other d i s coun ted b i l l s on hand d e c r e a s e d about 4 l m i l l i o n s while ho ld ings of b i l l s pu rchased i n open marke t went up 3 »4 m i l l i o n s and of Govern-*, ment sho r t term s e c u r i t i e s - 1 - 5 m i l l i o n s . T o t a l e a r n i n g a s s e t s i n c r e a s e d about 5 -4 m i l l i o n s f o r the week. .

DEPOSITS: Government d e p o s i t s show c o n s i d e r a b l e i n c r e a s e s i n the 4 E a s t e r n banks, wi th a t o t a l ga in f o r t h e week of 86-1 m i l l i o n s . Almost co r respond ing de-creases a t t hese banks a r e shown i n members1 r e s e r v e d e p o s i t s , the t o t a l d e c l i n e f o r the week being 96 m i l l i o n s . Net d e p o s i t s show an i n c r e a s e of 4 . 2 m i l l i o n s .

RESERVES? Gold r e s e r v e s i n c r e a s e d dur ing the week about 10 .2 m i l l i o n s , whi le t o t a l cash r e s e r v e s went up 9 m i l l i o n s . The banks ' r e s e r v e p e r c e n t a g e shows a s l i g h t r i s e from 4 g , 8 to 4g ,9 p e r c e n t .

NOTE CIRCULATION: F e d e r a l Reserve Agents r e p o r t the i s s u e dur ing the weak of . *8.1 m i l l i o n s n e t of n o t e s . The banks show an a c t u a l c i r c u l a t i o n of 2 ,562-5 m i l -

l i o n s of F.R. n o t e s , an i n c r e a s e of 4 . 3 m i l l i o n s f o r the week, b e s i d e s aggrega te l i a b i l i t i e s of 72*9 m i l l i o n s , a s a g a i n s t 68 .9 m i l l i o n s the week b e f o r e , on F.R,bank no tes in c i r c u l a t i o n .

CAPITAL: An i n c r e a s e of $79,000 i n the t o t a l of p a i d - i n c a p i t a l i s due i n p a r t to admission of new members, a l s o t o i n c r e a s e s ' i n c a p i t a l or s u r p l u s by members of the system. I n c r e a s e s under t h i s head a r e shown by a l l t he banks except those a t Boston and S t . Louis .

CONDITION OF MEMBER BANKS, NOVEMBER 8, I 9 I S . S u b s t a n t i a l wi thdrawals of Government d e p o s i t s and somewhat m a i l e r i n c r e a s e s

i n o ther demand d e p o s i t s , a l s o r e d u c t i o n i n some volume of the bank ho ld ings of U.S. s e c u r i t i e s a r e i n d i c a t e d by the weekly s ta tement of c o n d i t i o n on November 8 of 751 member banks i n l e a d i n g c i t i e s .

Treasury c e r t i f i c a t e s on hand show a dec l i ne of about 12.3 m i l l i o n s , i n d i c a t i n g t h a t the bulk of the 754 m i l l i o n c e r t i f i c a t e i s s u e due on November J had been de-l i v e r e d by s u b s c r i b i n g banks i n payment f o r L i b e r t y bonds. At the c e n t r a l r e s e r v e c i t i e s the i n c r e a s e in the c e r t i f i c a t e ho ld ings i s a p p a r e n t l y due t o a l a r g e e x t e n t to investment by t he se banks i n the most r e c e n t i s s u e of 4g pe r c e n t t ax c e r t i f i -c a t e s . U.S. bonds o the r than c i r c u l a t i o n bonds show a r e d u c t i o n of 62 .9 m i l l i o n s , of which 23-3 m i l l i o n s r e p r e s e n t s the decrease i n the h o l d i n g s of the c e n t r a l r e -serve c i t y banks . Loans secured by U.S. war o b l i g a t i o n s f e l l of f 4} .7 m i l l i o n s a t a l l r e p o r t i n g banks, and 50.6 m i l l i o n s a t the banks i n the c e n t r a l r e s e r v e c i t i e s . A l l o ther l oans and inves tmen t s show a d e c l i n e of 28.4 m i l l i o n s , n o t w i t h s t a n d i n g a ga in of about 46 m i l l i o n s i n t h i s i tem r e p o r t e d by the Greater New York banks- The r a t i o of U.S. war s e c u r i t i e s and l oans suppor ted by such e o s t i r i t i a a . t o t o t a l l oans and inves tments d e c l i n e d from 22 ,2 to 21.6 per cen t f o r a l l r e p o r t i n g banks and from 23-6 to 23 per c e n t f o r the banks i n the c e n t r a l r e s e r v e c i t i e s .

The week w i t n e s s e d t h e n e t wi thdrawal of 239*4 m i l l i o n s of Government d e p o s i t s , 7O.9 m i l l i o n s r e p r e s e n t i n g wi thd rawa l s from c e n t r a l r e s e r v e c i t y banks . These wi th -drawals a re accompanied by an i n c r e a s e of 173*5 m i l l i o n s i n n e t demand d e p o s i t s of a l l r e p o r t i n g banks, and of 88 .5 m i l l i o n s i n the n e t d e p o s i t s of the c e n t r a l r e s e r v e o i t y banks . Time d e p o s i t s d e c l i n e d 18.7 m i l l i o n s . Reserve b a l a n c e s wi th the Fed-e r a l Reserve Banks i n c r e a s e d 9 2 , 8 m i l l i o n ^ , and cash i n v a u l t - 10 .2 m i l l i o n s .

For a l l r e p o r t i n g banks the r a t i o of d e p o s i t s t o i nves tmen t s , because of the r e l a t i v e l y l a r g e r dec rea se i n i nves tmen t s ro se from 78-9 t o 79»2 pe r c e n t . For the c e n t r a l r e s e r v e c i t y banks t h i s r a t i o shows an i n c r e a s e frcm 85 to 85*4 "per c a n t . The r a t i o of combined c a s h and r e s e r v e b a l a n c e s to d e p o s i t s went up from l 4 to 15 per cen t f o r a l l r e p o r t i n g banks and f rcm 15*2 to l 6 per cen t f o r . t h e c e n t r a l r e s e r v e c i t y banks . "Excess r e s e r v e s " of a l l r e p o r t i n g banks i n c r e a s e d from 67*2 t o l 4 l . 2 m i l l i o n s . For t h e banks i n the c e n t r a l r e s e r v e c i t i e s an i n c r e a s e of t h i s i tem frcm 4s>9 to 78 .9 m i l l i o n s i s n o t e d .

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 Sim day morning November 17 , 191S STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF

R E S O U R C E S Gold i n v a u l t and i n t r a n s i t Gold s e t t l e m e n t f u n d , F- R. Board Gold w i t h f o r e i g n a g e n c i e s

T o t a l go ld h e l d by banks Gold w i t h F e d e r a l Reserve Agents Gold redemption f u n d

T o t a l go ld r e s e r v e s Lega l t e n d e r n o t e s , s i l v e r , e t c .

T o t a l r e s e r v e s B i l l s d i s c o u n t e d : Secured by Govt .war o b l i g a t i o n s

A l l o t h e r B i l l s bought i n open marke t

T o t a l b i l l s 011 hand U - S * Gov en tin ant l o n g - t e r m s e c u r i t i e s U . S . Government, s h o r t - t e r m s e c u r i t i e s A l l c bhei e a r n i n g a s s e t s

Tot a. J e a T d n g a s s e t s U n c o l l e c t e d i tems (deduct f rom g r o s s d e p o s i t s ) 5/b Redemption f u n d a g a i n s t F -R. bank n o t e s A l l o t h e r r e s o u r c e s

TOTAL RESOURCES

L I A B I L I T I E S C a p i t a l p a i d i n Su rp lu s Gwa-nnient d e p o s i t s Due '"o members, r e s e r v e account C o l l e c t i o n i t ems 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 g o v t . c r e d i t s

T o t a l g r o s s d e p o s i t s F . E. 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 R a t i o of t o t a l r e s e r v e s to 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 BaLio of g e l d r e s e r v e s t o 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 a f t e r s e t t i n g a s i d e 35$ a g a i n s t n e t d e p o s i t l i a b i l i t i e s

$375 ^33

5

; n o t e a r l i e r -THE TWELVE 5EDERAI, RESERVE November 15, 1913

,527,000 ,885,000 ,829,000

815 -1 , l66

A

,241,000 ,579,ooo ,957,000

W 1 , 3 5 8 , ^ 2 >000

4 3 9 , 3 377.877,000

2 ,056 ,777 ,000 53,03S.000

2 ,109 ,816 ,000

246,401,000 1 , ^ 9 , 9 ^ 9 , 0 0 0

573,727,000 113 .385.000

2,175,685,000 29 , 4 / 8 ,000 93, UN ,ooo

28.000 2 , 2 9 8 , 6 4 ^ 0 0

717,785=000 4 ,oou ,oco

18 J 69 -000 5 ,1^8 ,418 ,000

79,903,000 1 ,134 ,000

. 2 , 3 8 3 , 4 6 2 . 0 0 0 2 ,562 ,517 ,000

72 ,930 ,000 48 .472 .000

5 , 148 ,418 ,000

49.9$S

59-6$

BANKS AT CLOSE OF November

$386,437,000 435 ,452 ,000

n .829 .000 827,718,000

1 ,145 ,640 ,000 73 .233.000

BUSINESS NOVEMBER 8 , 1918

1 ,316 .967 .000 480,271,000 T74 .%2 .000

160.256,000 1 , ^ 5 , 9 9 6 , 0 0 0

527,796,000 ll1-! .941.000

2 ,046 ,591 ,000 r ,4 ,248.000

2 ,100 ,839 ,000 1 ,636 ,853 ,000

2 ,171 ,760 ,000 29 ,479 ,000 9.; ; 9 0 0 0

2" COO 2,293,22; , , XO

687,"68-000 3 ,924 ,000

18,790 (ooo 5 ,104 ,244 ,000

79,824,000 1 ,134 ,000

2 ,348 ,989 ,000 2 ,558 ,196 ,000

68 ,864 ,000 47 .237 .000

5 ,104 ,244 ,000

4 9 . 8 ^

59 - l

St -jf -va 15, 19.18. November l 6 , 1917

$526,792,000 363,710,000

52.500,000 943 ,002,000 629,906.000

11.420.000 1 ,5S4 ,32S ; 000

52.525-000

[487,850,000

JL23_ S69 iPOO 6s j., t v ; ,000

54,002,000 :i,87,904 000

U J Z .000 924,898,000 446,382>000

537,000 3,736,000

3,012,4o6.ooo

66,691,000

218,887,000 1 ,480 ,498 .000

240,437,000 21 .925 ,000

1 ,961 ,747 ,000 972,585,000

8,000,000 3 ,383 ,00Q

3 ,012 ,406 ,000

65.8%

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

St -1 l b R e l e a s e d f o r p u b l i c a t i o n . Sunday u o r n i n g November 17, 1912; n o t e a r l i e r .

WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE 1ETERAL RESERVE BANKS AT CLOSE OF BUSINESS NOVEMBER 15, I9.I8 ( In thousands of d o l l a r s . )

Boston New York Phi l a . C l e v e l . R i a tn - A t l a n t a CMcafXo St., Louis Minn. Kans-Cy." D a l l a s San F r a n . T o t a l 3 ,773

4 l , I S ?

R E S O U R C E S •' Geld i n v a u l t and in t r a n s i t . Gold s e t t l e m e n t f u n d , F ,3 ,Board

Gold w i t h f o r e i g n a g e n c i e s T o t a l go ld h e l d by banks Gold w i t h F e d e r a l Reserve Agents Gold redempt ion f u n d

T o t a l go ld r e s e r v e s Legal t ende r r o t e s , s i l v e r , e t c .

r e s ? r v 2 s

408

277,615 l i s 26, £42 6 , 2 - 8 7t 5x5 2 ,111 8 ,325 ,165 g v I 1 5 10 ,581 375 ,527 36,818 46 ,075 4 ? , 3 2 1 9 , y i u 15,615 h i ; 4 o 9 23,230 27 ,691 18 ,938 12,823 3b , ' / 4 s 433,885

2 0 1 1 4os ..5R5. _2o4 _2.1.L_„ > >•> U'<- 121 .5J)29 815 ,241 45,374 316,444 46 ,604 74,usi ; 1 6 , M 23.303 i3G,98o 3- ' ,320 3v..':':-9 1 3 , ^ 4 21, '-42 47 ,6 so

66,878 282 ,983 80,314 151,454 60.029 4-»,924 Aq/. .?42 4b. .73 5 / , 7 / 2 4 ; , h 6 J 24, .102 106,0^7 1,X6b, 579 6 , 2 7 1 24,99? 7 , 7 0 0 u z z 2 , .133— ..125 1 X 2 2 8,523 624,419 134,61s 226.7 <24 82 .4 (0 72, no 345 ,^30 8 _ . j 9 1 9 7 , ^ 1 71 ,169 47 ,399 I 3 S 0 1 5 2 ,u5b ,777 ^ 0 6 3 4 ^ 2 1 1 92't ' 4 .17^ . . _ 6 u a > l

118

12.'.. 1 2 6 B i l l s )0c5C.bj- Govt.war o b l i g a t i o n s 134,813 K so ld . )AA or her l l ' 4 " ? Bi l l s - in op.-;n market

667,630 135,59* 2 2 7 : ? 2 i H £ 3 3 : ' d ' 72 /9 7 1 4 7 7 2 ^ " " ^ 43 no 1 i.U1 P7A

3 97 .627 7 1 , 2 7 s 4b, ' :3 ^ 1 5 " . 2 1 - 5 2 , l C 9 , 8 l 6 f t 38(7525 14%006 7 / , 0 0 2 1 ^ 7 ^ 6

94/144 10.qo:2 77 903 v = 454,0^ l i .3 ,363 52 ,2 r! 1 903

rtT^fjo /h, c;rg I. b-NO 25,019 31,057 13, m k & T & d f r , 35s , ^9. i 4 o 439.

xn op^n market Ihh..S3S_._33 -2£U'13 3_iQ2 < 1 ^ 2 To ta l M A s on .cana 158,226 84 J., 95 0 19:1,260 J 32. 2.W 99. B/t QS.Oid) 237 . -42 84. (-23 4.!., 42;, ":9,00s - 5 SSS 12 8. ,2 2 2 ,1? 55 68

U.-S.-Go v e r d a n t Tvor̂ - t t i i a oecur i t i e s 1 730 1,399 1.35-4 3,028 1,274 520 4 , ^ 9 1 :< 53 126 £ S'o7 4 ,003 3 ,46 "I 29.47 U.S.:: ' t 2 ; J - s e c u r i t i e s 4 , 4 i S 37^027 6^3-8 22,'425 22/23 3 ,572 i c ' 612 5,070 2 ,903 2,9;. 5 1 ,902 3 - 0 2 1 93,4%

Tot-vi. e a r n i n g aorx3t = l b 4 , 4 o i 880,35b 195,937 7 6 6 " 3 S 7 Unco i l s c t e d i t f z i s (cie±j.:t f rcm

f. -V C ? C dope s i h ) 62,061 146,296 68,303 51, 357 5# Rode? * ' t i o n f luid agahick F#R*

.'jc.'Ves 173 1,179 275 29s A l l n2c '-;r re301:rocs —l..523_ - . _ 4 j ^ a , 2,,. 61.1 5?:L.

50"2. 343,346 1,699,933 405,718 ""446™ o!+9 ]. L A B 1 L I T I Z S

C a p i t a l paid-121 6,599 20,725 7,39S 2, 881 Sl^plUii , 75

649 -

Go v ern_n end d e p o s i t s 45,372 .48,756 26,726 24, 892 £310 t o 2 Damber5, r e s e r v e account 87 , 509 599,319 74,81b 113, .152 C o l l e c t i o n i v&ZB 49,724 153,325 54,436 42, 060 A l l o th s r d e p o s i t s i n c l u d i n g

36 f o r 31, - 108.053 - 36 T u t a l grono d e p o s i t s 182,GO5 915,513 165,978 ISO, l4o

125 xLuJSJJ 6 ?5 478

J >:

146,296 68,303 51,357 56,743 39,710 86 ,681 64,939 15 ,541 69s580 22,703 33 ,871 717 ,785

186 156 5>-io 24.1 88 442 221 207 2. 0 .1,785. 20.2 1.. v ' 9 827 1.-.5.20.

637 "213 7 1 4 7C 339 239 7 7 * 1 3 7 , 9 /4 243. 2.;^ 123,639 315,032

4 , 0 0 8 •' 8 .16

0^4 3 ,174 11 ,091 3 ,785 2 ,911 3 ,632 3 ,123 4 ,54o 79,903 13 6 4o 216 - ' 38 - - 1 ,134 922 24.033 7 . 1 9 8 17,458 7 .430 17,849 8,347 4,4.18 246 .401

17 -Tfr

1 S49 217 1' 20 3 .479 113, 3

F .R-no ios i n ac i /aa i ci r c u l a t i o n F.EAccTb: no2a^ i n o i r o u l a : i or.,

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

152,980 723,355 223,022 248,204 132,122 116,9:,0 396

j>£0 zirrnr^- 64. S36 u 6 . c a 54, 231 1.11,636 87.13:1. m ; b 5 3 61,06.3 196.210 2 ,562 ,517-

3,514 3.573

21,6.15 4 ,557 5,475 1 ,162 2, C78 12,866 4 ,292 1 , 5 8 0 8,4-79 3 ,149 3 ,363 72 ,930 18,126 2,763 3,549 2 .15 "-c, 4-8,472 X 57.1 6 , 3 V 1, 27G_ l._47.1_ 2^561 1 J 5 5 2 , ^

3 ^ , 3 ^ 1 , 6 9 ^ 9 3 3 4 0 5 , 7 i r W T c i i i W 5 , 6 3 7 213,314 702,559 239,8^6 1 5 7 , 9 7 0 4 3 , 2 9 1 123,635 315,032*5, lW,*4l8

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

% r

R e l e a s e d . f o r p u b l i c a t i o n Sunday morning November 17, 1918; n o t e a r l i e r . S tV/ le

STATEMENT OF FEDERAL RESERVE AGENTS1 ACCOUNTS AT CLOSE OF BUSINESS NOVEMBER 15, 1918. ( In thousands of d o l l a r s . )

FEDERAL RESERVE NOTES: Received from Comptro l le r Re turned t o Compt ro l l e r

Chargeable t o F . R . Agent In haitds of F . R- Agent I s sued to F .R . bank l e s s amount

r e t u r n e d to F . R. Agent f o r • redempt ion

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 redempt ion 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 p a p e r , minimum r e q u i r e d

Tot a l

OF ELIGIBLE PAPER nbL.CVERtiti 10 F- R. AGENT

Boston New York Phi l a . C l e v e l . Richm. A t l a n t a Chicago S t . Louis Minn. Kans.Cy. D a l l a s San F r a n . T o t a l

229,020 1 ,189,44o 309,780 300,4oo 182,580 183,6U0 497,060 lU9,800 112,480 150,700 99 ,920 224,320 .3 ,629,140 43.589 259.843 54,718 28.074 32,142 24to6o 38.844 22 ,9? -5 . . jAQg—gj^ .2 . ISL l l f e . J5*253

185,431 929,597 255,062 272.326 150,438 159,520 458,216 126,875 9 5 , 0 7 3 127,61s ,80,3.75 203,561 3 ,048 ,957 17.500 104.800 21.900 12.820 8.500 39.350 4p. 2s0 9.085 6.750 8.420 17.780 287.145

167.93 1 824,797 233,162 259, 5p6 l 4 l , _ 9 1 8 _ l 2 0 . 1 J J . J 3 Q _ _ g g A 5 a g _ l l 9 J S f L J g . C 8 5 . J & L ^ . _ 2 J M ^ 1 2 _

2,503 13,102 10.081 210,176 5,000 158,740 - 20,750 -9 ,878 14,243 12,793 12,734 2,089 2 ,251 1 ,518 2 ,542 2 , 8 / 0 2 ,621 3 ,337 l l , 4 7 6 78 ,352

52,000 110,000 67 ,521 118,000 58,000 110,170 196,324 4 3 , 6 ) 1 4 i , g o o 45,360 10,684 94 ,561 878 ,051 101,053 541.814 152.848 108,022 S i . S4y f5: :sOS _ p p _ , _ 1 3 ^ ^ 167.931 824.797 233.162 259,506 {4%^9:H JL20. ?3»_437J276 117.790 88,328 I I 9 198 62, i i l ^ 0 8 ^ ] ^ 2 ^ 6 l ^ 8 1 2 _

F. Ri Notes o u t s t a n d i n g F . R„ n o t e a h e l d by bank

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

158,203 841,930 177.074 151.185 9S.4Q1 82.1'21 257.3-48 74.874 3 8 ,178 89.009 45 ,565 106^218 2 ,120 ,296

M E M O R A N D A

FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION.

167,931 824,797 233,162 259,506 141,938 120,230 417,976 117,790 88 ,328 119,198 62 ,395 208,561 2 ,761 ,812 14.9^1 101.442 s ! l 4 o ] 1 .302 q .816 3 ,320 21,745 6 ,154 1,197 7 ,5^5 1 , 3 ? 2 _ l 2 J 5 1 133^.221.

152,980 723,355 225,022 248,204 132,122 116,910 396 ,231 111,636 87 ,131 111,653 61,063 196,210 2 ,562 ,517

B i l l s d i s c o u n t e d and bought TJ S. Govormrant s n o r t - t e r m s e c u r i t i e s Munic ipa l w a r r a n t s

DISTRIBUTION OF BILLS, U .S . GOVERNMENT SHORT- T5BM SECURITIES Al® WARRANTS BY MATURITIES.

Within 15 days .16 t o 30 days 31 t o 60 days 6 l t o 90 days Over 90 days T o t a l 1 ,353,310 168,765 301,760 334 ,095 17,755 2 ,175 ,685

18,481 73 9 , 132 2 , 194 63 ,569 93,449 7 - 15 - 6 28

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 November I f , I9 I8 ; no t e a r l i e r . .... . ^ ' STATEMENT SHOWING PRINCIPAL RESOURCE AND LIABILITY 1TM4S OF imvmER BANKS LOCATED IN CENTRAL RESERVE, RESERVE AND OTHER SELBlC'fED

CITIES AS AT CLOSE OE BUSINESS NOVEMBER 8, 1918, ( i n thousands of d o l l a r s - )

1. Data f o r a l l r e p o r t i n g banks in each d i s t r i c t _____ r — T7 —m^+ = i Boston New York Phi l a . C l e v e l . Richm. A t l a n t a Chicago S t -Lou i s Minn < Kans. v-y > D a - l a s ^an .^ra . . low 1

No» r e p o r t i n g banks ^ 10^- 53 U.S . bonds t o secure c i r c u l a -

l d

t i o n Other U.S.bonds i n c l u d i n g

L i b e r t y bends U*S. u e r i jf j Cctbes of i ndeb ted -

n e s ? nv •- "* Lc

u ,; s r : U - .Doras, etc..L

i4, U02

23,824

82, 877 121,203

ill lull

50,311 11,492

572,408 69,223

39?,079 47,015 82u ;79c 3.28. 330 6 , . ; . : V'r 164,] 69

85 81 45

42,832 24,253 15,465

106,434 49,169 39 ,042

J n i ; 1 i3r j -,cns and inves tments /S^ . 40 S 4, h49. M41 bc'f. j> 3 j Be^.,-7 0 w i A Y. A- bank 7 2 , 3 : 3 644,000 74,608 f", ;vi v.v-i"; m 151, , r.9 21,637 R-i- ^ru3r,e J e ^ o s r t s . 6 ^ . 5 2 9 4 ,463 .905 625-570 T;mo a c - o i . t o 98 ,5^3 259,430 26,359 v-ovi-:r^Qv^rv d"Vo?it.?. 140. 258 ^80.154 -03.495

62,104 31,105 36.176 211,370 104,527 90.683

81,039 37,473 21.CVL

101 32 35 73 . 45 . 53 7 51

18,906 17,655 6 ,369 13 >7-10 18,177 34 ,505 268,077

132,096 34,716 10 ,021 27,070 22,699 31,756 919,053

86.482 26,537 11,781 31.952 11,948 61,197 887,253 237,ugU 72 ,908 28. 171 72 ,792 52, 824 12 7 . 4 "8 2,074.. 388 97:9-1.0 22,UbS ,9.' / ,><d 529 13,659 1 > ' V

977.^,78 391! 814 3.17'4 3 > 9 ^ 2 7 5 3 ^ 8 8 1 268' 589 46?{ 97o j .%,639 5CA ?06 10.629 ' _ «•' . ' . , ' „ Z 7 ' ' ' \ s- — „ \ w / — - - 7 r- r~.- -1 ,-xZ -•>

^8.020

by. /O^

2 . La ta f o r ba nks 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 the 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^ re v? Yor} Chicago S t . L o u i s To ta l C e n , R e s , C i t i e s Reserve C i t i e s Country banks

Nov. c-—Nov, 1 Nov. Nov. 8 inov» 8—*——Nov - 1 iJo. r e p o r t i n g Panics U.S. b o n c j to secure c i r c u l a -

t i o n Other U.S. bends i n c l u d i n g

Li hsi l o/hls U \ S - c e r t i f i o a t o s of i n d e b t e d -

n e s s ^ c t a l U.S. s e c u r i t i e s Loan^ cocured by "f] ,S*bonds,etc. A.'_l o ther l oans & inves tmen t s J Reserve wi th F., R- bank Cash i n vaul t Net demand d e p o s i t s 1+ Tine d e p o s i t s Government d e p o s i t s B a t i o 01 war r a p e r t o t o t a l

l oans & inves tmen t s , p a r c e n t

70

36,879

314,306

380 ,832 732 067 572.935

70 44

24.4 25 .0 17-9

l4 128 128 453

io,555 48,553 48,393 171.205

25,927 421,389 444,715 410,794

23,043 436,237 4o4,455 38% 169 57,525 906,175 897,365 969.168 16,723 666,910 737,^96 456' r - 4

275,42b 5 ,062,430 5 ,032:36 / 4,693:. 151 20,537 748.253 70/ ,'V; 5 459 ,00s 6,757 160,247 150.598 180 482

182,231 5 ,062 ,628 4 , 9 / 4 , 1 7 3 3,7?5.380 53,519 402,899 393,276 849,194 26,293 514,784 535,650 45 s] 4 /2

18.3 23 .0 23.6 20 .5

Nov. 8—-Nov. 1 Nov - .v-4.53 170

-Nov, 1 370

Tota l Nov. 8 Nov. 1

751 751

171,119 48,319 48,334 268,077 267,646

447,013 86,879 90 ,232 919,058 981,960

420,975 64.847 74,174' 887,253 899,6o4 m o ] 307 200, ON 9 2.. 'r,7^0 2 ,074 .358 ^',,2,0 443 ' 7 7 5 / ' ; 8 f4 ? .?S?-J0.r<> l.,2'S.o57

696,099 9 .523 ,020 9$3;>!i -. 518 199,945 .1 ,450 895 1 ,469 ,576

89,899 1 ,047 ,074 1 ,286 ,465

2 1 - 0 1 9 . 8 2 1 . 5 2 1 - 6 2 2 . ;

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis