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STATEMENT FOR THE PRESS St. 725 Released, for publication Monday morning, Pec. 1, Federal Reserve Board, I 519 ; *iot earlier. November 2 9, 1919* CONDITION OF MEMBER BANKS. Further reductions of 66*7 millions in loans secured ty stocks and bonds and of 20*9 millions in the holdings of Government securities; a moderate increase in war paper, and a decrease of 32*7 millions in all other loans and investments are indicated by the Foderal Reserve Board’s weekly statement of condition on Nov- ember 21, 1919 , of 791 member banks in leading cities* United States bonds on hand declined ty 0*7 million , Victory notes by 5*7 millions, and Treasury certificates by l4«5 millions. Of the total reduction in loans secured ty stocks and bonds 59*1 millions constituted the amount of net liquidation at the New York City member banks. Total loans and investments are shown 111*7 millions less than the week before, the New York banks reporting a decrease of 82*8 millions under this head* Aggregate holdings of war securities and war paper are given as 2t8C5»'l mil- lions, compared with 2 ,. 817*5 millions the week before and constitute, just as the week before, 18,1 per cent of total loans and investments of all reporting banks. In harmony with the reduction in loans all classes of deposits show substantial decreases, Government deposits declining ty 5^*7 millions, other demand deposits (net) by 95*1 millions, and time deposits ty 5*2 millions* Reserve balances with Federal Reserve banks went down 19*3 millions,while cash in vault shows a gain of l.S millions. Accommodation at the Federal Reserve banks, as measured by the total of the reporting banks* own collateral notes and of customers* paper redis- counted likewise shows a moderate reduction of 11*4 millions. It may be noted that while changes in the amounts of the-member banks* own collateral notes do not af - fect the amounts of loans and discounts carried among their assets, the amounts of rediscounted customers’ bills are deducted from the aggregate loans and dis- counts shown among the assets of those banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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STATEMENT FOR THE PRESS St. 725Released, for publicationMonday morning, Pec. 1, Federal Reserve Board,I519; *iot earlier. November 29, 1919*

CONDITION OF MEMBER BANKS.Further reductions of 66*7 millions in loans secured ty stocks and bonds and

of 20*9 millions in the holdings of Government securities; a moderate increase in war paper, and a decrease of 32*7 millions in all other loans and investments are indicated by the Foderal Reserve Board’s weekly statement of condition on Nov­ember 21, 1919, of 791 member banks in leading cities*

United States bonds on hand declined ty 0*7 million , Victory notes by 5*7 millions, and Treasury certificates by l4«5 millions. Of the total reduction in loans secured ty stocks and bonds 59*1 millions constituted the amount of net liquidation at the New York City member banks. Total loans and investments are shown 111*7 millions less than the week before, the New York banks reporting a decrease of 82*8 millions under this head*

Aggregate holdings of war securities and war paper are given as 2t8C5»'l mil­lions, compared with 2,.817*5 millions the week before and constitute, just as the week before, 18,1 per cent of total loans and investments of all reporting banks.In harmony with the reduction in loans all classes of deposits show substantial decreases, Government deposits declining ty 5 *7 millions, other demand deposits (net) by 95*1 millions, and time deposits ty 5*2 millions* Reserve balances with Federal Reserve banks went down 19*3 millions,while cash in vault shows a gain of l.S millions. Accommodation at the Federal Reserve banks, as measured by the total of the reporting banks* own collateral notes and of customers* paper redis­counted likewise shows a moderate reduction of 11*4 millions. It may be noted that while changes in the amounts of the-member banks* own collateral notes do not af­fect the amounts of loans and discounts carried among their assets, the amounts of rediscounted customers’ bills are deducted from the aggregate loans and dis­counts shown among the assets of those banks.

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

Released for publication Monday morning, December 1, 1919; not earlier- _ St*725aPRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES• .

___________________________________________ (In thousands of dollars.)______________________________________

Number of reporting banks - - - - - - - - - - - - - - - - - -U. S. bonds to secure circulation - - - - - - - - - - - - - -Other U. S* bonds including Liberty bonds--- ----U. S. Victory notes - - - - - - - - - - - - - - - - - - - - -U* S, Certificates of indebtedness - - - - - - - - - - - - -

Total U* S. securities - - - - - - - - - - - - - - - - - -Loans secured by U* S* bonds, etc* - - - - - - - - - - - - -Loans secured by stocks and bonds other than U*S- securities All other loans and investments ---------Reserve balances with F» R* bank - - - - - - - - - - - - - -Cash in vault - -- -- -- -- -- -- -- -- -- -- -- -- Net demand deposits - -- -- -- -- -- -- -- -- -- -- Time deposits - - - - - - - - - - - - - - - - - - - - - - - - -Government depositsBills payable with Federal Reserve bank - - - - - - - - - - - -Bills rediscounted with Federal Reserve bankRatio of U. S. war securities and war paper to total loans and investments, per cent - - - - - - - - - - - - - - - - - - - -

>v. 2 1, 1919 Nov. l4, 1919 Aug.22, 1919 May 23, 1919791 790 775 ’ 773

269,073 268,997 260,953 262,215

6 3 1 2 1 63 ,939 642,1G2 864,846275,396 281,067 321,955 -

821, 004 S3 5, *+59 1,127,316 1,777,26s1,999,59** 2,020,462 2, 420,412 2,910,929

1,074, 622 l> 066,037 1,307,272 l, 179,5373,220,690 3,287,320 2,942,699)

, ) 10,515,0969,175,779 9,202,495 2,293,*+91)1,408, 880 l, 428,223 1,226,616 1,298,008

335,926 384,096 350,507 359,12411,3 0,520 n,*+35,527 10,794,660 10,370,7472,227,297 2,293,139 1,900,776 1,715, 5*+2

231,701 288,435 573,213 627,297

1,05*+, 532 1,070,275 1,086,341 1,226,526

679,546 675,136 290,526 225,553

18.1 18.1 23.1 26.2

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

Released for publication Monday morning, December 1 , 1919; not earlier. St 725b PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS NOVIMBER 21 toiq_________ __________ ____________________________ (In thousands of dollars.) * ‘Federal Reserve District Boston New York Fhila. Clevel. Richm. Atlanta Chicago “St.Louis Minn. K ns' Cy. Dallas San Fran-------No. reporting banks U6 112 56 SO 22 kj 107 -5 35 77 g-, *U.S.bonds to secure circulation 13,536 >+2,737 11,097 4l,g4l 26,071 14,015 20,257 17,154 7,120 14,467 19 571 7U 605 fiQ T’”? other u s ind Liberty bonds 14,235 2g3,770 22,936 62,501 36,93s 27,936 51,799 13,340 io,i4s 24,912 19,259 52*641 634*121 J. S. Victory notes g,i« 117,907 13,723 27,262 13,573 9,77S 49,550 6,002 4,065 S,36l 4 722 IP P29 275 30?U. S. certificates of indebtedness __3J> SU_33_,iO_7...67,11.6 20,231 30,714 115.710 13,054 23,255 21.217 lh zvr, ^ Up?Total U. S. securities 66,376 239,2S7 93,423 19S,720 37,4l3 32,

Loans secured by U.S.bonds,etc. 40,7o4 553,622 130,202 91,325 37,665 24.S32 96,292 29,270 14,712 19,772 6 2*8 27 566 i’cfU^?Loans secured by stocks and bonds210,960 1 ,427,216 213,119 339,392 114,029 45,246 457,593 149,219 32,066 71,646 30 644 124,’ 955 3*220 6%All otner loans and investments 660,443 3,276,725 477,200 732,475 3 4,149 342,335 1,344,361 295,366 255,764 461,499 205,364 729,492 9*1755779Reserve balances with F.R. bank 19,590 b27,255 &6.070 93,553 39,1+14 33,224 125,565 43,411 26,732 53, <£9 26 094 73 4 7 ?’u2*g«oCash in vault 24,748 123,976 12,209 35,342 12,634 13,704 7 1,26? 11 ^ 7 9 {33 g 10 297 £ ’&[ ^ off Net demand deposits 784,093 5,109,451 662,020 225,594 374,731 226,222 1,405,303 342,442 259,027 4b0,42o 234 gp 522^26 U ?k0 4oTime deposits 124,312 427>627 22,393 323,379 96,732 119,052 543,375 107,590 59 023 82 S10 33 2^0 $ h o 4 o ^ 7 * 5Government deposits 15,613 112,196 15,33s 17,227 7,427 3,l44 24,009 4,473 5,71+0 6 143 4*726 ’ w "’pri’fmBills payabie with F R bank 35,202 507,273 73,472 93,734 4s,940 42,290 106,781 21,376 20,024 37^33 10,’o29 1,054 5pBills rediscounted with F.R, bank PUi.Uxe: 2 17.77* Q7 on* 11 nni -t-7 c-M. 7r mo. /-« _

New York City City of Chicago All F.R.bank cities F.R-branch cities reporting tanksNo. reporting banks I ov.21-— Nov.lU Nov.y---Nov.14 Nov.2^-— Nov-lk,, Nov-P U------ Wj.4U. S. bonds to secure circulation 39/^40 3?,936 ifes I5,9*39 1 & ,% S1 igffigl* 6^ q ^ q 9 100^87 10^1*Other u. S. including L losrty oonds 353,361* 353,078 i 7 ,1*15 17,15!* 375,062 376,908 131 039 130 578 128 630 127 U53

105,1*31 3!,,336 35,062 i 6U,056 166,63s 56251 57,60b 5*080 56 835Tot^l^U S1C^ecurities n2S5 ^ ' } 2°____ 550,523 560.987 l6l .6?0 l & l T g IQS .Snj-otal u. b. oecurities _ 75l, 009 7b2,>4> 102,499 10 5.2 7 2 1 ,19 1, 5 2 2 1,206,317 415.14° Ul3 55Q 392,917 V)i 52£

loans .ssuMd y J. S. tonds, etc. 523, oo2 526,831 10,2jl 67,72'4 81*5,761* 836, U36 122,101 123^077 106 757 521* Loajis secured oy stocks and oonas 1,28b,057 l ,3!*5, l 60 373,091 371,639 2 ,UlO,2SU 2, 1*70, 71*8 1*08 613 ^ , 8 7 5 H O I,'^ U O ^“ e r v X ° n " t ^ n"eT 8-v‘l 2f 5 .* 9 7 2 '? g '® 5 763,081 761+.779 5,75ft. 3*7 5.820.815 1,667,1*1*6 1.673 858 i.713 & l.m.iSLc L h i n ^ a t ' l i c ’c S -?S 'P 2 ^3° 1271 133, 0501, 05 ,0601,069,231* 182,165 182,310 172,655 176,679

A* • + 1 116,646 113,427 42,312 41,124 226,223 222,526 62,293 67.276 91,410 93 634T medZ S i S POSltS U,S 2’S U’S f ’SS >S3? s,0-l3,457 2,077,269 1 ,572:335 1 ,593;264 1,742:6is 1,759 ®P deposits > 4,255 51,533 246,219 245,594 1 ,143,652 1 ,150,249 b00,039 600,553 544,200 542.337Government deposits 115,807 156,212 12,243 21,086 126,6 4 232:421 21^8 24^66 23^59^ pay-,Dle ./1 „n . R. bank - 451,119 461,752 50,691 59,311 695,047 713,253 225,712 215,162 133,767 l4l 254Bills reiiacounted *ith j . 2. bank 203,256 217,851 5^,671 U6 ,506 ^3 ,357 517,281 90,165 90,107 66,021*Ratio 01 U.S.war securities ana war paperto total loans and investments,per cent 22.7 22-6 13 .1 1 3 .1 ig.5 ig.g 15.215-34Digitized for FRASER

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

Not for publication AND OF GOLD AND LATOUL MONEY KESERVES TO NET DEPOSIT LIABILITIES OFRATIO OF TOiTAL RESERVES TO COMBINED FEDERAL RESERVE NOTE AND NET DEPOSIT LIABILITIES St.727

C O N F I D E N T I A L RATIO OF GOLD RESERVES TO F. R. NOTES IN ACTUAL CIRCULATION,ALL FEDERAL RESERVE BANKS. November 28, 1919-

Federal Eeserve BankEatio of total reserves to net deposit and F. £~ note

liabilities combined November 21— November 28

Ratio of gold reserves to F. R. notes in actual circulation after setting aside

35i° against net deposit liabilities November 21---November 28

Ratio of gold and lawful money reserves

to net deposits Nov-21---Nov. 28

Ratio of gold reserves to F.R. notes in

actual circulation Nov. 21--Nov.22

Boston ko.s 1+5.2 1+1+-2 50.8 1+0.2 5I+.2 1+1.3 1+0 .-3New York *+5*° 1+1.9 55-1 1+9.2 1+9-1+ 1+3.6 1+0-7 l+o.lPhiladelphia i+o. 1+ 1+0.2 *+3-1 1+2 .5 1+0-1 39-7 I+O.5 1+0.1+Cleveland 1+1+.6 1+3.2 50.1 1+7.1+ 1+5.8 1+1+.2 1+3-9 1+2.6

Richmond 50.2 ■ 9-3 56.2 55.1+ 70.0 66.3 1+2-3 1+1 .3

Atlanta 2+3.9 1+7-2 7-1 52.0 52.8 61+. 2 I+O.7 1+0.7

Chicago 52-S 51.5 62.0 59-9 1+3-3 1+1 .7 57-6 56.5

St- Louis 53-7 50.s 62.0 58-3 52.1 1+5.1 5U.1+ 53*5Minneapolis 1+7 .4 1+1+.7 55-6 50.7 52-7 1+6.0 1+3.9 1+3-8Kansas City '49.6 1+8.3 62.9 60.9 55*o 53-5 1+1+.7 1+3.1+Balias 56.s 50.S 7 1.7 §1.8 78.2 6i+. 7 1+2.0 1+1-1San Francisco 4s.u 1+8.3 ..5!+.-9 5I+-6 1+5*1+ 41+.2 50.0 50.3

Total 1+6.9 ^5’5 51+.7 52-5 1+8.8 1+6.1+ 1+5.6

-----/y. * j _1+5.0

FEDERAL RESERVE BOARDDIVISION OF REPORTS AND STATISTICS

DECEMBER 1 , I919.

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

C 0 F F I T IHgt for publication

GOLD "RECEIPTS AND DISBURSEMENTS OF EACH FEDERAL RESERVE DANK DURING WEEK ENDING OCTOBER 31, (Figures do not include gold received from or paid to another Federal Reserve Bank.)

° (in thousands of dollars*) ______ ___________1919. st.735

R E C E I P T SIn exchange for F. R. notes

From U. S. Government

Jirom members

Other banks, indivi duals, e tc. Total

Credits to deposit accounts U.S.GovernmentJ Member General account banks Total

BostonNew YorkPhiladelphiaClevelandRichmondiSLantaChicagoSt. LouisMinneapolisKansas CityDallasSan Francisco

16093

1,532

116 33 314 -25 19 137 —

7 7 -55 24 79 -

11 11 -- _ 1.533 -6 11 17 —

9 9 -5 - 5 -

- - 10,00013 - 13 .._ -v

3.6675331*1546 327 84 53 3

136 445

3,667533141946327845343

10,136445

By Allforeign other Totalagencies N- S. receipts

— — 314246 4,050

- 65- 2 395— - 30— — 1,534

34s84

mm _ 67mm — 48— 14 10,150

— 4*53__Total_for_S^stem____lilSl ___ 22o_ ___ 119_.Z_I_2.130__ _____io.,oog=____ 5,121___I s I H i________ : _______ ?s6--------17x523--------

In ssxchanae for F. -B. no teaL . k j X J 1 1 W X J J.

Debi ts to deioosit acccjunts By AllTotal

Di 3 bur 3 ementsTo U. S.Government

Tomembers

Other banks, individuals, 3 tc. Total

U. S.. Government

Memberbanks Total

foreignagencies

other N. S.

BostonNew YorkPhiladelphiaClevelandRichmondAtlantaChicagoSt. LouisMinneapolisKansas CityDallasSan Francisco

3771,089783

1.039429

2,0431,271426

6812162

101

52

15

10

377 1,143733

1.039429

2,0431.2714263312162

111

28 28 223 -a 2,862 2,862 1,122 310

35 35 245 232251 150

6 6 . 150 50011 11 110 -

— l 1 364 10

693,621

__Total_fcr_Sys1Excess receipts Excess payments

h m .

6,013__6Z.153

12107

.1x388. .6x635.1. 33

693.623.,.6x635.8,562

144 33 147 80 l4l

.3x260.

200

P656,373-3x615.

5. 571.2951,41+01,0352,1641,6461,260

366353276

10.248j 6a128.

8,605

;em10,000

5,753 ^,060 8,349FEDERAL RESERVE BOARD

DIVISION OF REPORTS AND STATISTICSDECEMBER 4, 1919-

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FEDERAL RESERVE BOARD X-17Q8 +0* t G O L D S E T T L E M E N T F U N D Siimnary of transact ions for week ending Beoember 4, 1919.________ _______________ *____________________■_____(CONFIDENTIAL)

Federal Reserve Eank of

Bo lance last statement

November 26, 1919

Gold withdrawals

Golddeposits

Aggregate withdrawals and transfers to Agent‘s Fund

Aggregate deposits and transfers

from Agent*s Fund

I \jyjvtc j.oj-C.niT R A N S F E R S

Debits CreditsBostonNew YorkPhiladelphiaCleveland■RichmondAtlantaChicagoSt* LouisMinneapolisKansas CityDallasSan Francisco

4.1 ,246,063.11 36,744,673.75 28,858,225.03 26*blg J7 6 ,85 2 7,672,233.8421.766.326.57 69,945 , 653.2813,390,282.8712,634,064.9252.193.414.57 2 1,487,493.8? 28,080,794.49

2 5,002,000.00

200,000 ..00 4,500.00

20,000.00 920,675.00

15.000 00 410,500-00

19.515 000.00

10;000,000,00 10,000 ,000.00

530.040,006,061,000.002,504.600.00508,000.00

1 ,000,000-0087,500.00

5-5 oo10,000.00

2,500,000.00

2 ,000,000.0035.002.000.00

1 ,000.000.00

200,000.002.504.600.00

20,000.005.920.675.00

15,000.001.410.300.0019.515.000.00

10,000,000.0010,000,000.00

53o,o4o.oo 6,061,000.00 2 ,050>460.00

508,000.00 13,000,000.00

87,500.00 515*00

10,000.00 4,623,500.00

3 ,228,617.9823,697,990.40

1 ,000,000.00 I,148,000.00 448,000.00

28,500.-000.00 12 ,000,000-00 2 - 000,0000003.0.000 5 COO. 00 3,000:000.00

10.000.000.00

12 ,257 ,012.22 30,000,000.00 23,781,657.882,288,699.33172,515.45126,746.05

19,817,030-484,9l3,4oo.o2

95,059.53316,994.7391,538.81, l6l,953.25'Total 440 , 638,763.10 46,035,175.00 32,747,515.00 67,588,175.00 46,877,015-00 94,022,608.3s. 3 ,022,608-38

Federal Reserve Bank of

Settlements:from November 27,1919 to Decemberboth inclusive 4, 1313 Balance in

Fund at close. Summary of changes in owner­ship of gold by ban&s through tx nsfers and settlementsNet

DebitsTotal : Total Debits ; Credits Net

Creditsof "business

December 4, 1919 Decrease IncreaseBostonNew YorkPhiladelphiaClevelandRichmondAtlantaChicagoSt* LouisMinneapolisKansas CityDallasSan Francisco

12,615,700.59 10,72 6,669.59

9,226,466.053,690,489.686,920,532.16

143.616,85 b. 1? ■ ii37 ,00.1 , 15 s - 59 504,102,460.37: 49;,,375,730,7s 167 ,8,7,442.82 : 169,32 8,3 81.7 8 123,688,534.36: 130,010,8 0.39 157,620,248.71: 157,764,639-04 55,243,020.01: 55,716,313.37 229,372,987.68 : 220,146,521,63 134,246,098.30: 136,540,343.72

42,373,340,3 1: 38,683,451.23 105,338,159-21: 99,077,627.05 64,508,536. S2 : 70,156,410.74 54,860,133.16: 81,112,346.61

2,050,938.966,322,236.03144,330,33467,833-36

2 ,234,251.42

5,647,873.922 6,252,213.45

. 48,887,375.34 88,787,386.18 29,993,431.4734.759.912.21 32,702,133 & 21,458,82 6*5852,524,2 17 ,7 115,677,253.317 ,126,134.77

3 5,575,392.1422,826,006.552 9.609.461.22

358,687,77

831,094.22

17,909,435.574,792,348.565,595,430.1516,603,537.43

1 7,044,712.432 ,134,606.447 ,610,335.36

146,640.01 *

2,733,412.73 l6,4i4 166 i7,Total 43,179,858.07 1 ,7 83,514,418.53-1,7 83, 5i4,418.53 43,179,858-07 419,927,603-10” 46,090,533.70 46,030,533-70

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

#1

F E D E R A L R E S ISi’.rnrnn.rv of trannsj'+.i nns for week endine DecetrbeT 4. 1919.

R V E A G E N T S ’ F U N D(CONFIDENT IA

x-170*

■Fed(?ra3. Balance last Y.ri thdrawals DepositssBal&nce at

Reserve statement Go la Gold for through Total Total close ofAgent November 26, transfers transfers businessat 1919 Withdrawals Deposits to hank from bank Wi thdrawals Deposits Dec. 4, 1919

Boston____\-AzzjL------ -----

i+9 ,oootooo 3,000,000 3.0r000,000 — 2 ,000,000 3,000,000 12,000,000 52,000,000

New York 85,000,000 - - 10,000,000 - 10,000,000 95,000,000

Philadelphia 6s, 389,260 5 ,000,000 - - 1 .000,000 5,000,000 1 ,000,000 64,3&9,260

Clevelnnd 65,000,000 - - - - - 65,000,000

Richmond 46,000,000 2 ,000,000 - - - 2 ,000,000 - 44,000,000

Atl&nta 49,000,000 2 ,000,000 - - 2 ,500.000 2 ,000,000 2 ,500,000 49,500,000

Chicago 540,144,500 4,000,000 - - 4,000,000 236,144,500

St- Louis 61,930,600 2 ,000,000 Id j 000,000 5 ,000,000 14,000 ,000 5,000,000 52,930,600

Minneapolis *9,600,000 - ~ - - - - 19,800,000

Kansas City 36,360,000 - - - - - - 36,360,000

Dallas 11,484,000 - 1,000,000 - 1 ,000,000 - 2 ,000,000 13,484,0001

San Francisco 89,907,500 2,129,500 _ 2 ,129,500 - 87,778,000

Total 822,015,260 18,000,000 11,000,000 14,129,500 21,500,000 32, 129,500 32,5co,oo-e 822,3 86,360

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R E C E I P T S ____In exchange for F. R* notes From U. S. Government From member banks Other banks, individuals, Total

Credit to deposit accounts: U. S, Government Member banks Total

By foreign agencies All other N, S.

TOTAL RECEIPTS

C O N F I D E N T I A LNot for publication____

To U, S, GovernmentTo .■.■Ierr.be rsOther banks, individuals Total

Debits to deposit accounts U, S. Government Member banks Total

By foreign agencies All other N. S.

TOTAL DISBURSEMENTSExcess receipts Excess payments

GOLD RECEIPTS AND DISBURSEMENTS OF FEDERAL RESERVE BANICS DURING THE FIVE V/EEXLY PERIODS ENDING ON FRIDAYS, OCTOBER 3 0 31, 1919*

>t.73

—— —1(In

OCT,3

thousandsOCT.10

of dollars OCT,17

5; x - e ., ut.OCT,24

jv omiT-tea. OCT. I

. _31__i

)TOTAL

Sept.27 to Oct.31TOTAL SINCE DEC.27,1918

etc.

1,586 ■ 273 l44

1,271212125

1,608

950150146

1,199220167

1,791220119

6,7971,075

701

73,28315,0218,979

1,246 1,586 2,130 8,573 97,283

2,52310,029

1,09411,123

10,0006,350

16,350

10,0002,066

12,066

10,0005,19715,197

40,02917,23057,259

310,10s131,151449,459

33.8911,3 5 1,998 396

27,113300 266

6l,oo44,305

140,37493,378

39>762 lU.729 17,992 4i ,065 17,593 131,141 786.494

&

e tc .

6,35664

i,6o6___S,02§__.

7,459 (a)5,060 7 10

1,623 7,5.82 .__2i.?82_(a )l2,i59__.

5 , ^1518

7,8096712

32,158163

10,848)))

275:368___7188S_________43^2...--- ..JTL5iM __

8,499

4,3701,439

6,809 , 5.932 .__6iiQ2— l§25i.932__.

770 1,2061,571 1,524

14,175i^ -iIS—1,0472.17U

6,635.„IJ35—

3,0608,615

42,05042i05Q___10,45315,323

------

16,380232,599

_ 1^S_3Z2___ 10,453

197., 96s

32,33*+ 18,239 21,321 22,303 26,198 110,995 732,768

1 7,4283,510 3,329

18,1628,605

20,146 47,726

FEDERAL RESERVE BOARDDIVISION OF REPORTS AND STATISTICS

DECEMBER 5, 1919'

(a) Amended.

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RATIO OF "FLOAT" OF EACH FEDERAL RESERVE BANK TO IL/MEDIATEBf AVAILABLE DEPOSITS. St.736C O N F I D E N T I A LNot for publication (in thousands of dollars.) November 28, 1919

FederalReserveBank

Uncollecteditems

Deferredavailability

items

"FLOAT" "Float" after adding net debik or deducting net credit in Saturday1s s e t tlement

"Float" after deducting National and F.R. bank notes, also net investment in .transfers from

second calculationAmountRatio to

immediately available deposits Amount

Ratio to immediately available deposits Amount

Ratio to immediately available deposits

Per cent Per cent Per centBoston 78,235 72,753 6,082 4,8 8,012 6.3 7.79 6.1

New York 25+8,125 182,922 59,203 6.8 62,462 7.2 62,462 7.2

Philadelphia 88,495 90,160 (a) 1,665 - (a) 6,466 - (a) 6,466 -

Cleveland 78,112 67,506 10,606 7-5 5,213 3-7 4,386 3-1Pdchmond 85,64s 71,595 14,053 18.7 15,464 20.6 15,121 20.1

Mlanta '+1,665 33,575 2,090 3*5 5,673 9*5 5.35S 9.0

Chicago 111,15 0 91,131 20,019 7.6 9,244 3-5 i,5S7 .6

3t* Louis 70,776 62,591 8,185 10,9 12,626 16 18 11,895 15.8

: anneapolis 22,96s 19,199 3,769 6.7 U,946 8.8 3,610 6.5

Kansas City 77, 82,163 (a) 4,715 - (a) 767 - (a) 332 -

Balias 60,341 43,29s 17,0U3 26.2 15,^9 23.8 7,399 11.4

San Francisco 48,085 32,543 15,542 12.6 18,356 i 4 .s 9,983 8.1

Total 1 ,0 11,648 861,436 150,212 7-4 150,212 T'k 122,797 6.0

FEDERAL RESERVE' 20ARDDIVISION OF REPORTS AND STATISTICS

EECKiBER 5, 1919(a) Excess of deferred availability items.

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C O N F I D E N T I A LHot for publication

COMPOSITION OP UNCOLLECTED ITEL1S AND DEFERRED. AVAILABILITY ITEMS.(in thousands of dollars.) November 28, 1919

St.736a

UNCOLLECTED ITEMS DEFERRED AVAILABILITY ITEMS

BankClearing House ■ Exchanges

Checks and other cash i tems

National Bank notes and

bank notes of other

F. R. banksTransfersbought

All other uncollected

itemsTotal Gold

SettlementSuspense

Transf ers sold

Governmenttransititems

Othertransititems

Total

Boston 2,24g 344 21S - 76,025 78,835 28,418 - - 44,335 72,753New York 28,349 14,112 - - 205,664 248,125 106,647 - - 82,275 188,922

Philadelphia 6,465 1,195 - - so,S35 8S,495 31,572 - 37S 57,610 90,160

Cleveland 3,480 29 Us? 3*40 73,776 78,112 20,871 - 1,376 45,259 67,506Richmond 3,242 1,273 343 - 80,790 85,648 32t4o6 - 571 3S,6l8 71,595Atlanta 1.794 112 315 - 39,444 41,665 15,369 - 1,39 22,812 39,575Chicago 3,56s - 1,522 6,735 99,325 111,150 36,197 600 1,433 52,895 91,131St. Louis 2,931 901 731 - 66,163 70,776 31,199 - 709 30,683 62,591

Minneapolis 2,346 131 29 1,307 19,155 22,968 9,281 - 204 9,714 19,199Kansas City 360 1,030 165 - 75»393 77,448 23,221 Goo - 5S,342 82,163

Dallas 97s 1,415 113 7,937 49,89s 60,341 14,261 - 744 28,293 43,292San Francisco 1,30s 109 144 ____§,230 32x22.4.... 48,085 16,456 1 129 __ 15,957 32,543

Total 57,119 20,651 4,067 24,549 905,262 1,011,648 365,898 1,201 7,544 486,793 861,436

FEDERAL RESERVE BOARDDIVISION OF REPORTS AND STATISTICS

DECIDER 5, 1919.

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C 0 N F I D E it I I A L • St, 742Not for publication LOANS OF EEPORTISB MEMBER BANKS SECURED 3jj|PVERIMENT WAR OBLIGATIONS

(in thousands of dollars)1 . Loans of all reporting member banks in each Federal Reserve district secured by —F. R. District 1 Liberty Bonds 1 Victory Notes 1 Certificates of Indebtedness T TotalrNov. 2S*. 1919 * Jtlov. 21, 1912 1 Nov* 2S 1919 1 Nov. 21, 1919 1 Nov- 2St 1912 ’ Nov. 21, 1919* Nov. 23 1919 ' Nov. 21t 1319

Boston 33,126 32,189 6,909 8,026 650 549 40,745 40,764New York 317,266 325,720 200, 439 217,755 10,433 10,093 528,133 553,62sPhiladelphia 94,780 96,07s 30,742 31, l4l 1, ’403 1,323* 126,930 123,542 *Cleveland 20,1*39 7 ,999 12,387 12,019 763 867 93,589 91,885Richmond 30,286 29,970 7,312 7,626 89 69 37,687 37,665Atlanta 19,024 18,744 5,391 5,720 , 334 368 24,749 2^,832Chicago 71,313 71,496 20,353 19,912 4,527 5,490 96,193 96,398St. Louis 22,311 21,594 6,630 7,502 1,267 774 30,208 29,870Minneapolis 13,253 13,154 787 870 1,739 6 88 15,779 14,712Kansas City 16,379 16,55s* 3,100 3,010* 279 239 19.758 19,807 *Dallas 5,072 4,6so 1,298 1,415 143 133 6,513 6,228San Francisco 2?T06l 21.239 6r 154 .. 6.032 . 61+2 .... 295 28.857 27.566Total 725,370 730,4si* 391,502 321,028* 22,324 20,888 * 1 ,01+9,196 1,072,397*

2. Loans of reporting member banks in Federal Reservei bank cities secured by ->«»F.R.Bank Cities’ Liberty Bonds 1 Victory Notes Certificates of Indebtedness * Totali Nov. 28, 1919 1 Nov. 21, 1919 1 Nov* 28, 1919 * Nov. 21, 1919 ' Nov. 23, 191° ' Nov. 21, 1919' Nov. 23, I919 » Nov.• 21, 1919Boston 22,339 21,46l 4,250 5,172 638 537 27,227 27,170New York 295, 521 304,035 192,855 209,664 10,353 9,963 498,729 523,662Philadelphia 90,544 92, no 29,961 30,109 l,4o.§ 1,323 * 121,913 123,542 =Cleveland 22,797 21,830 4,815 4,263 150 146 27,762 26,239Richmond 10,540 10,376 3,540 3,542 - — l4, 080 13,918Atlanta 4,107 3,945 1,920 2,034 105 105 6,132 6,034Chicago 49,975 50,178 15,332 15,047 4,026 5,026 69,333 70,251St. Louis 15,6ll 15,496 5,269 5,455 599 545 21,479 21,496Minneapolis 7,330 7,281 299 318 473 473 8,102 8,072Kansas City 5,079 5,158* 658 70U* 170 i4o 5,907 6,002*Dallas 1,0 3 1,005 67 25 4o 30 1,150 1,120San Francisco 12.470___ llt74g- _ 4,137 ...4.010 . 206 208 16.813 15.966Total 537,356 544, 623* 263,103 280, >403* is, 16s 18,U96 * 813,627 343,522*

* Revised figures. FEDERAL RESERVE BOARDDIVISION OF REPORTS AND STATISTICS,

DECEMBER 6, 1919Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

statement for the peessReleased for publicationSunday morning, Dec, 7, 1919> not earlier.

St- T33 Federal Reserve Beard

Dec. 6, !<£.?.CONDITION OF FEDERAL RESERVE BANKS.

Net reduction V 132.7 millions of war paper, apparently in connection with substantial liquidation of Treasury certificates by member banks, is indicate rl in the Federal Reserve Board1 s weekly bank statement issued as at close of business on December 5, 1919. This considerable decline in war paper holdings is partly offset ty increases of 26.6 millions of other discounted bills and 1S.6 millions of ac­ceptances on hand. Net deposits show a corresponding decline. As a result, the banks* reserve ratio, notwithstanding a reduction of 5-6 millions in cash reserves and an expansion during the week by 29*1 millions in Federal Reserve note circula­

tion shows a rise frcci 4-5*5 to 46.4 per cent.TTar paper holdings of the Chicago and St* Louis banks are inclusive of 24.4

millions of paper discounted for other Reserve banks, as against 23-5 millions the week before, while acceptance holdings of these two and five other banks include 124.3 millions of bills, as against 136.9 millions the week before, taken over from the Boston and New York banks. Treasury certificates on hand show a decrease of 4,2 millions, while the circulation of F- R. bank notes, which are largely secured ty such certificates, shows a slight increase.

All classes of deposits show declines for the week. Government deposits — by 5S.4- millions, members' reserve deposits - by 14.4-millions, and all ether deposits, including foreign government credits, - ty 4.7 millions. The "float” carried by the banks increased 50.5 millions. As a result, net deposits work out at 127-9

millions less than the week before.Gold withdrawals for export, also further sales of gold accomt for a net re­

duction of 6 .4 millions in gold reserves, 2 .8 millions of which represent the de­

crease in the amount held with foreign agencies.

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Released for publication Sunday morning, December 7, 1319; not earlier.CCS,CBHIED RESOURCES AKD LIABILITIES OF

R E S O U R C E S Gold coin and certificates Gold settlement mid - 3T. R. Board Gold with foreign agoncics Total gold held ty banks

Gold with Federal Reserve Agents Gold redemption fund Total gold reserves

Legal tender notes, silver, etc.Total reserves

Bills discounted ~oy Government war obligations. (All other Bills bought in open market Total bills on hand

U. 3. Government bonds U» S. Victory notes U. S. Certificates of Indebtedness All other earning assets.Total saining assets

Bank premisesUncollected items and other deductions fro., gross deposits 5f<> Redemption f'ond against 3T. R. bank notes All other resources TOTAL RESOURCES

L I A B I L I T I E S Capital paid-in SurplusGovernment depositsDue to members - Reserve accountDeferred availability itemsOther deposits, including foreign government credits Total gross deposits

IT* R. notes in actual circulation F. R. bank notes in circulation - not liability All other liabilities

TOTAL LIABILITIES.Ratio of total reserves to net deposit and F. R. note liabilities ccubined Ratio of gold reserves to F. R. notes.in,circulation after setting aside 35/° against net deposit liabilities.

December 5, 1919THE TTCELVE FEDERAL RESER17? BAIIKS.

$234,622,000 •22,812,000

-132. 935T000796,369,000

1,172,191,000 .118.704. COO

$2,087,264,00066,531,000

1,603,313,000 50 ,795,000 514. 219.000

2,15 ,095,000

3 9,792,0001,830,037,000

717,552,000 q4. 133. 000

2.622.327.000 26,8 -8,000

54, 000283.853.000

2.933.082.00012, 896,000

920.299.000 12, 696,0008.328. OOP

6.041.396.00026.973.00081.087.000

2,681, 820,000 2,881,359,000

257,480,00052.677.000

6,0*41,396,000

46.4. $ 53-7 f

November 28, 1913

$235,3*+8,000440.286.000 i35.6q6.OQO811.330.000

1,148,724,000133.587.000

1,736,033,0001+78,176,000495.595,000

98,157,000 1, 844, 000

861,1+36,000'qS.7qg.000

* Includes 1-year Treasury nctes*

$2,093,0+1,00066.G25-Q00

2,159,666,000

2,709,801+, oco26, 848,000

57,000 288,032,000

3,02!+, 71+1,000 12, 878,000

1,013,426,000 12,671,000 6.659.000

6,230,01+1,000

27,001,00081,087,000

2,902, 825,000 2,852,277,000 256,793,000 50.058,000

6,230,041,00045.5 fo 52.5.#

December 6,1918

St. 739a

$353, 422, __ ^

208,000 491,000 829.OQQ

781,528,000 I,207,377,000

4q6-00078. 2,067,

5.401,000Q66.000

2,121,1,467,39o,371.

367,000322,000462.000406. 000

2,235,29,

190.000196.000

* 105,606,000 27,000.

2,370,019,000

650.039.0004.844.000

22. 440.000 5,168,709,000

80.304.0001.134.000

185.355.0001.547.838.000514.512.000106.685.000

2.354.390.0002.584.523.000

92.799.00055.559.000

5.168.709.000

49.5 fo

59*0 5SDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Sunday morning, December 7. 1919, not earlier. St.739RESOURCES A!IB LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS DECEMBER 5, 1919-

R E S O U R C E S (in thousands of dollars.)Federal Reserve bank of Boston New York Phila. Clevel. Richrn. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total

Gold coin and certificates 2,722 151,201 1,234 2,077 2,314 2,206 24,129 3,142 2,257 I58 6,565 12,611 234,622Gold Settlement Fund - F.R.Board 5 ,243 74,56l 22,792 43,191 31,662 23,249 57,009 12,456 9,362 37,297 24,295 26,629 422,212 Gold with foreign agencies 9,704 42,727 10,635 10,901 6,514 4,726 15,219 6,242 3»529 6,321 3,456 6,115 132>935Total gold held by banks 72,669 274,549 4o,66l 62,169 40,490 3b,24l 96,957 27,852 21,214 43,836 34,316 45,413 796,369

Gold with F. r. Agents 71,692 291,356 77,485 118,420 45,381 55,097 243,826 61,207 35,733 40,126 26,651 105,217 1 ,172,191Gold redemption fund 19,248 25,000 12,864 983 7,750 6,071 23.678 6,147 94l 3.983 2,776 9,263 118,704Total gold reserves 163,609 590,905 131,010 181,572 93,621 97,409 364,461 95,206 57,288 87,9^5 63,7 3 1 5 9 .2 9 5 2,037,264

Legal tender notes,silver,etc. 4,535 50,107 477 913 209 1,220 2,715 4,744____ 6l 277 1,314 259 66,231Total reserves l62,l44 641,012 131,487 182,485 93,830 98,629 367,176 99,950 57,949 82,222 65,0 5716 0,1 5 4 2 ,154,095

Bills discounted:Secured by Government warobligations (a) 105,868 667,512 184,407 116,672 24,478 65,497 173,759 43,519 26,167 43,330 27,630 64,474 1 ,603,313

All other 39,870 119,342 15,028 35,463 15,324 35,202 27,254 3 1,322 33,544 46,669 13,920 31,245 504,795Bills bought in open market (b) 36,266 131,265 3,649 57,900 12,004 11,849 95.063 31.149 19,'040 10,205 12,663 92,566 514,219 Total bills on hand 182,004 918,719 203,084 210,035 111,606 112,554 356,676 105,996 78,751 100,204 54,213 188,285 2,622,327

U. S. Government bonds 539 1,257 1,325 844 1,235 376 4,4/7 1.153 H 6 2,262 3,966 2,632 26,248U. 3* Victory notes - 50 ~ _ - 5I4-U.S.certificates of indebtedness Total earning assets

Bank premis e sUncollected items and other de­ductions from gross deposits

5/fe Ral3mption fund-against F.R* baric notes

All other resourcesTOTAL RESOURCES

(a) Includes bills discountedfor other F,R*banks,viz.

(b) Includes bankers1 acceptancesbought from other F-R.banks: With their endorsement Without their endorsement

22,021 75,^07 31,760 25,146 12,260 15.665 39,903 17,300 2,320 15,811 8, b4l) 11,^95. ...223.,851204,624

1,091995,^33 236,229 236,025 125,301 128,599 401,056

3,994 500 889 ^91 5O3 2,936124,449

69127,247 124,823

600 40266,824 202,412 2,933,022

399 4oo 12,296

66,250 225,597 75, 93^ 65,025 72,423 36,836 106,157 65.712 24,024 76,894 49,952 49,495 920,299

1,072224

2,8841,363

1,450350

1,262 _ 753

5752,181

804200

1,8761,092

497245

134 * 173

957514

530 .......39P_

655783

12,6962,328

441,465 1,270,283 445,950 486,439 300,801 265,571 880,293 291, 5 170,127 291,872 123,152 413,899 6 ,041,396

- - - - - 20,850 3,500 - - - 24,350

r0V6r lil: n t- ovox" '.ra:20,367

ft of :7C ,w^C-

.5,080-

15,21027,732

15,11810,551

-lo-, 005

5,0655.012 10,185

40,47323>252

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

V Rf»loa<iAr! f or jiablieo.tion Siunday morning;RESOURCES AND LIABII

December 7, 1919; n°t earlier.ITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS DECEMBER 5, 1919-

(in thousands of dollars.)L I A B I L I T I E S

Federal Reserve hank of Capital paid-in SurplusGovernment deposits Due to members - Reserve account Deferred availability items Other deposits indluding foreign government credits Total gross deposits

F.S.notes in actual circulation F.R.bank notes in circulation - net liability

All other liabilitiesTOTAL LIABILITIES

Contingent liability as endorser on -Discounted paper rediscounted with other F.R.banks

Bankers acceptances sold to other F.R. banks

Boston New York Phila- Clevel. Hi chm* Atlanta Chicago St*Loms Minn. Zans.Cy,. Dallas7,105 22,373 7,873 9,469 4,388 3,413 12,309 4,060 3,073 3,998 3,4395,206 32,922 5, 3H 5,s 6o 3,800 2,805 9,710 2,589 2,320 3,957 2,0292,305 11,455 3,157 2,92s 2,102 2,269 1,676 2,658 - 3,662 1,119

115.786 746,535 100,122 128,145 62,091 50,278 243,715 67,368 50,874 86, 64o 60,70058,407 162,920 67,778 58,161 68,655 36,590 76,730 51.027 17,106 66,257 31.335

5,748 43,117 6,624 6,073 ... 3,571 2,715 . 9* 542. 4,002 2,124 . 3,575 2,050182,246 964,027 177,681 195.307 136,419 91,852 331,663 125.055 70,104 160,134 95.204

223,073 774,971 222,612 ,250,384 142,296 150,749 :480,334 142,049 85,014 102,342 71,006

20,044 56,163 38,454 21,720 11,748 14,654 40,264 15.916 8,014 18,954 10,0943,791 19,827 4,019 3.699 2,150 2,098. 6,013 1,875 1,602 2,487 1,380

441,465 1,870,283 445,950 ;486,439 300,801 265,571 ■880,293 291,544 170,127 291,872 183,152

M E 1M O R A N D A

- - 24,350 - - - - - - - -40,473 - — _ — _ —

5.4734,5786,467

117,78322,886

4,992

St.739c

Total86,97381,08739,798,830,037717,852

_A 133..

3,736 52,677

24,350

*+0,473FEDERAL RESERVE NOTES OUTSTANDING AND IN ACTUAL CIRCULATION

F. R, notes outstanding F.R.notes held by bank

232,779 _3l 1Q6_

868,304 234,433 265,747 147,937 154,417 507,521 161,921 86,329 108,502 73,776 266,711 3.108,377 93,333 11,821 15,563 5,641 3,668 27,187 19,872 1,315 6,l60 2,770 30.182 227-018

F.R.notes in actual circulation 223,073 774,971 222,612 250,384 142,296 150,749 480,334 142,049 85,014 102,342 71,006 236,529 2,881,359DISTRIBUTION OF BILLS AND U.S.

Bills discountedBills bought in open market U.S. certificates of indebtedness

V/ithin 15 days 16 to 30 days1,476,085

82,562 29,075

125,065115,66213,242

31 to 60 days 298,600 185,802 8,454

CERTIFICATES OF INDEBTEDNESS BY MATURITIES 6l to 90 days Over 90 days Total

189,634 18,724 2,108,108129,193 - 514,219

6,289 226,793 283,853

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

Released fo r publication Sunday mcrning, December 7 , 1919; not e a r lie r .

FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS DECEMBER 5, 1919-

(in thousands of d o lla r s .)

Boston New York P h ila . C level. Richm. A tlanta Chicagc St.Louis I.iinn. Xans.Cy. D allas San Fran. Total

St.7394

Federal Reserve Agent at .FEDERAL RESERVE NOTES:

Received from Comptroller Returned to Comptroller

H61.8OO i,90H,660 i*98,7S0 >.61,500 293.1*0 296.300 « * ,7 6 o 286,760 Htf.Uso 197,160 135.500 388,Wo 5.869,780

lS lt.721 233,007 166.913 12M 86 88.383 273,399 106,799 53 ,^1

Chargeable to F. H. Agent 277,079 981, 30U 2 6 5,773 29» .587 1&9,05>t 202,117 531, 3& 179.961 93,039 113,962 S8 .8U1

► In hands cf F. R. Agent' Issued to F.R- bank less < amount returned to F. R.• Agent fcr redemption

■COLLATERAL SECURITY FOR OUTSTANDING NOTES:

j Gold coin and certificates[ on hand|

Gold redemption fund Gold Settlement Fund - F.R.| 1 Board

Eli~It>l8 paper, mini ..Train required

TOTAL

ATC/UH7 OF EI.IG-irLE PAPEB - • ' . DELIVERED 10 F. R. AGENT

44,300 113,000 31,3^0 2S.SU0 21,117 ^7,700 2 3 ,^ 0 is,Q4o 6,710 5,^Q 15,065 .1,150 356,562

, l l ° i 868.^04 26s ,7U7 147,957 507,,521

1S3,7U0 - 37,525 - 2,500 - 4,000 13,052 - S>S31 - 249, 64s

13,692 12,616 13,096 15,895 1,381 M 9 7 2.682 4,277 .2,881 3,766 4,336 13,^39 93,153

58,000 95,000 64,339 65,000 44,000 4s , 500 235, 1^ 52,930 19,300 36,360 13 ,^ 4 91,773 324,385

161,087 R7h.a4s Ih6,q4g 147,327 102,556 99,320 263, 695.100,714

232,779 868,304 234,433 265,747 147,937 1 5 ^ 1 7 507,521 161,921 86,329 108,502 73,776 2 6 6 J U j,?sz,yn

182,004 917,23s 161,014 208,542 106,593 104,330 356,193 105,973 68,495 100,204 5!+>2i 3 171,269 2,53o,Oo3

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STATEMENT FOR THE PRESS s t . 7U0Released for publication Monday morning, Dec*8, 1919; n-ot earlier.

Federal Reserve Board, December 6, 1919*

CONDITION OF MEMBER BANKS.Liquidation of millions of Government war securities and war paper, part­

ly offset ty increases in other loans and investments; also considerable withdraw­als of Government deposits and increased borrowings from Federal Reserve banks are indicated by the Federal Reserve Board's weekly statement of condition on November 28, 1919, of 79 member banks in leading cities*

Holdings of U. S. Government securities show declines for the week as follows! United States bonds - 6.2 millions, Victory notes - 9‘5 millions, and Treasury Cer­tificates - U«5 millions. Far paper on hand was 23.2 nillions loss than tbs week before, while loans secured by stocks and bonds show but a nominal increase of 0*7 million for the week. All other loans and investments went up 32*2 millions,the incroase for the New York City banks alone being 25*7 millions, while total loans and investments show a decrease of 10.,14 millions*

Aggregate holdings of war securities and war paper show a reduction for the week from 2,803.3 2,759*9 millions, and constitute 17*9 Por cent, as compared with 1S.1 por cent the week before, of the reporting banks' total loans and invest­ments. For the New York City banks the percentage shows a decline for the week from 22.7 to 21*9 per cent. Net withdrawals of U-8,6 millions of Government de­posits and reduction of 6.2 millions in other demand deposits (net) are shown, while time deposits remained practically unchanged. Reserve balances with F. R. banks increased 5*7 millions for all reporting banks and 30*7 millions for New York City banks, while cash in vault was 1.5 millions less than the preceding week. Accom­modation ty the Federal Reserve banks, as measured by the total of the reporting banks’ collateral notes and rediscounted customers' paper, increased 7S«S millions for the week, an increase of 61.2 millions being shown for the New York City banks alone *

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

Be leased for publication Monday morning, December 8, 1919; not earlier.PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES.

____________________(In thousands of dollars.)_______ _______________—

Number of reporting banks-------- - — - ----~U. S. "bonds to secure circulation------- - - -Other U, S. bonds including Liberty bonds-------------- U. S. Victory notes---------- --- - - -U. S. Certificates of indebtedness ----------------------

Total U. S. securities -- ----- -Loans secured by U. S. bonds, etc. - - - - - - - - - - - - - -Loans secured by stocks and bonds other than U. S. securities -

All other loans and investments----------- -Reserve balances with !• R* bank - — — - -- — - —Cash in vault ----- - - - - - - - - - - - -Net demand deposits - - -----Tine deposits--- - - ----Government deposits - - ----- - - -- -- -- -- -- - -Bills payable with Federal Reserve ban£ — — — — —

Bills rediscounted with Federal Reserve bank' -----j£atio of U. S. war securities and war paper to total loans and

investments, per cent - - - - - - - - -

Nov. 22, 1915 Nov. 21, 1919 Aug. 29, 1919 May 29, 1919

794 794 774 772

269,097 269,073 269,25.2 268,378

62S, 216 634,3bS 637,322 S52, 544

265,955 275,522 319,222 --

Sl6 540 821.016 __ 1.155. 560 1.739.522V X V / 41 J * V

1,979,20s 1,999,979 2,321,476 2,660*904

1,049,196 i,07'2>397 1,302,062 1,194,722

3,221,644 3.220,937 2,914,632) 10,561,6049,210,613 9,172,416 2,370,737)

1,414,779 1,409,113 1,325,776 1,225,891

334,475 3S6,o46 345,605 344,662

1 1,336,262 11,343,025 10,802,505 10,442,847

2,227,964 2,225,186 1,923,494 1,729,689

123,053 231,701 524,017 541,247

1,107,935 1,054,532 1,123,709 1,250,202

704,974 . 679,546 227,428 235,772

17.9 1S.1 22-S 25-9Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

St^OJi

s a y - ™ r — — • » - — ” — — - — g » :

Federal Reserve District No - reporting "banks U.S.bends to secure circulation Other U.S. incl. Liberty bonds U.S. Victory notes U.S.certificates of indebtedness Total U. S. securities

Loans secured by U.S.bonds,etc. Loans secured by stocks & bonds All other loans and investments Reserve balances with F.R. bank Cash in vault Net demand deposits Time deposits Government deposits Bills payable with F.R. bank

Boston

13.536ii+,%8

7,8586.68072,572to, 71+5202,533 645,266

73,601 2b,57s

New York 112>+8,759275,007110,860381,015815,6Ul „ . 528,188 126,930

Phila• 56

11,097 29,1+11 ii+,o6o ,1+50

9l+,018

Clevel. 90

1+1 ,8Ul 62,198 27.023 61+, 195,997 93,539

Richm82

26,07137,1913,21520,86

Atlanta1+7

11+.015 28,680 9,537 29,1"

97,3^31,369. 37,687 j 2l+,7l+9 |

Chicago10720,859 +,21+1+ 1+8,1+11+ 117,72c. 2>+l,2l+6 96,193

35 7,120

9,785 3.73S22,321

1+2 ,961+15.77930.737

80 ii+,i+67 2i+,965

8,15120,98c68,57219.75s73, 5S

Dallas3

19,57320,127U.593l6,YS0

San Fran. 6l

3l+,605 57.732 12,763 il

St.Louis Minn. Kans.Cy.35

17.151 ,375 5,7 3 liqi+o $,1+12

30,20s1 ,1+30,583 208,635 3 3,951 1 1 3,59 / 50.196, 303,521+ 1+90,233 783.S03 3*+0,27y 332,95S;l,3^>969 2?9>S77

720 101 60 3§+ 90 391 HO,i+l+O 32,9H 181,235 1+3,373 ai'.iri 129.830 12,333 32,329 U.5W 70.576 K .g o

779,391 5,121,737 666,231 S21.U37 37M 30 2S9.997 l.JBO.97* 338,631 255 2g «=7 3| 3 £ g oj 126,501 1+19,076 22,1+1+0 323,239 96,79 US,TO 5^,195 lu* g ^ | ^ g 183,053

553!923 2131° 35:61215-“5U ^ 1 ' 107,935

60,62^ 161,051 6,513\ 28,857

30,37 (127,597256,039 1+67,Hi^ 209,30V 736,955

25,729 9,995 2i+,582 72,007 9,171+ 1 5,1+38 12,096 26,1+1+5

Total79^ . 269>097 628,216265,955 816

1,979,SOS 1,01+9,196 3,221,61+1+ 9,210,613 1,1+1 ,779 3gi+,l+75

^ 33 . 573 553:923 7S,3^ 103. W f .'W *5,7^ j £ i i . j ; 565„ 22;oS2_ .7^974

P?j'lCIPAL_RESOURCE AND LIABILITY ITEMS OFTfflMBER BANKS IN F.New York l>xty

circulation Liberty bonds

No. reporting banks U. S. bonds tc secure Other U. S. including U- S. Victory notes U. S. certificates cf indebtedness Total U. S. securities

Loans secured by U. S. bonds, etc.Loans secured by stocks and bonds All other loans and investments Reserve balances with F. R* bank Cash in vault Net demand deposits Time deposits Government deposits Bills payable with F. R. bank Bills rediscounted with F. R. bank Batic cf U.S.war sedurities and war paper to total loans and investments,

*per cent

Nov.28—71

39,0622l+5,0ll+97.782

35$, t e i738,2851+93,729

1,289,0572,91+1,637682,727115,907

-Nev.21 71

39,01+0 253,261+ 101+.751 36*+, 530-

' M m AND'BRANCH CITIES AND ALL OTHER w.POKING BANKS _ City of Chicago All F.R.bank cities j; .R.branch cities Nov. 28___Nov. 21 Ncv.28---Nov-21 Hov-28---

All ether reporting "bariks Nc v * 28---Nov * 21

761,535523,662

1 ,286,057 2,915.397

652.031 116,61+6

50■1A39

18,96623,103_59>3.l£L

501,1+38 17 M 5 2U,326 59 >3.2Q_

275 101,910367,69^155,7505l+l+,938.

275 101,887 375,10 161+, 06? 550,523-

178 66,199 132,5 1

55,899160,676

178 66,199

131,029 56,251

161.670

31+1 100,988 127,931

51+, 306 110,926

31+1 100,987 128,235

55.203 108,823

K 685,335 >+»673,083 336,312 3^.35585.157

1+97,1+01+218,202

21-9

115.3071+51,119203,256

22-7

102,85569,333373, 97 766,1+70 126,836 1+1 ,0 11

91+1+, 695 21+9,201

16,361 5 ,119 62,957

13.0

102,1+99 1 ,170,292 70,251 818,627

373,091 2,1+03,171 763,08! 5,833,81+2 130,271 1 ,069,3^1

1+2,312 221+.195 958,691 8,022,012

1,191,582 8U3.522

2,1+10,367 5,795,573 l,05l+, 060

226,261 8,020,612

1+15,315 1+1 5,149 39^.201 393»2i+S 120,770 122,101 109,799 106,771*

1+08,613 1+03, gi+o 1+01,957 1 ,667, 1+6 1 ,710,025 1,715,392

152,165 68,293

171+.20093,001

21+6,819 1 ,11+1,996 1 ,11+3.67818,21+350,6915^,671

13*1

11+3,7997 7,31351+6,859

is. 5

186,61+1+695,01+7523,357

i+i1*, 6331 ,666,71+6171,23367,279 . „ ,

1,572,803 1,57 ,385 1,7 2,01+7 601,898

16,921225,217

90,330

600,0392 1,09s

225,71890,165

544,07022,333

135,1+0067,735

18.9 18-0 1S.0 15.1+

172,888 91, 92

1,750,OSS51+1+, 1+69

23,959 133,767

66,021+

15 .2

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