* # * Released for publication Sunday morning Nov* 18, 1917 Not earlier# X512

STATEMENT FOB THE PBESS, Nov. 17, 1917#

Payments to Reserve banks of tne 18 per cent installment on account of the second Liberty loan and. redemption by the Government of j>00 millions of Certificates of Indebtedness are reflected to some extent in the weekly bank statement issued by the Federal Reserve Board as at close of business November 16, 1917,

These operations affect Government deposits which show an increase of I59.7 millions, members' reserve deposits which increased about 73*5 millions during the week and most of all uncollected items, i. e. checks and drafts on banks both within and outside the districts deposited with Federal Reserve banks, which show an increase for the week of 156*7 millions, A considerable portion of these items is made up of so-called transfer drafts, mainly Eastern exchange, bought by Western Reserve,banks ana for which immediate credit is given to member banks * By far the larger portion of payments on account of the Liberty loan made apparently in the form of book credits and U S, Certif-icates of Indebtedness. Aggregate gold holdings of the Reserve banks show a further in

Released for publication Sunday morning November IS, 1917. Hot earlier. STATEMENT OF COMBINED RESOURCES AHD LIABILITIES OP THE "SVYELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS NOVEMBER l6, I917. R E S O U R C E S : November l6, 1917 November 9, 1917* Gold coin and certificates in vault....................... $5^6,792,000 $5v7,403,0uu Go?-d settlement fund. . 363,710,000 385*724,000 Gold with f oreign agencies 5@, 5yv,0w 52,500,000 Total gold held by banks.. 945>v02,vuv 94-5,627,000

Gold with Federal Reserve Agents*..*. o29,906,0v0 bib,254,000 Geld redemption fund. llt4$0tQoo ll,496,0o0 Total gold reserve. *.. . ... $1,584,328,UUO $1,573,377,0v0

Legal tender, notes, silver, etc,.....w...............;... . 52t2Q8,0u0 Total reserves...- I63o,853,0v0 1,625,585,000

Bills discounted - Members....................t....;...,., 487,850,006 ... Bills bought in open m a r k e t 1 9 3 8 6 9 , 0 0 0 181,001 *000 Total bills on hand..... . 681,719,000 691,155>OOu

U,S.Government long-term-securities................t...... _ 5^#00000 53,743,000 U*SGovernment short-term securities.0vv Municipal warrants l2|3yyv .1,273)000 Total earning assets........ * ., 924-, 898,000 788,538*000

Cue froci other Federal Reserve Banks - Net....*........... 17,838,000 7,725,000 Uncollected it e m s . 4 2 8 , 5 4 4 , 0 0 0 ^ Total deductions froa gross deposits. 440,382,000 279*521,000 % Redemption fund against F. R. Banknotes.... . 537*vuu 537*000 All other resources 3,73b,vuu __ 2,989,000

TOTAL RESOURCES 3,ul2,4ub,u0u 2,697,170,ywO L I A B I L I T I E S . ' .... . . Capital paid-in. 66,691,000 65,345*000 Government deposits,......................................1,218,887,000 59*198,000 Due to members - reserve account 1,480,498,000 1,406,982,000 Due to non-member banks - clearing account................ 20,925*000 33>866,000 Member bank deposits - Net. *. Collection items..........i 240,437,000 187,022,000 Total gross deposits-. 1*960,747,000 1,687,068,000

F. R. Notes in actual circulation......................... 972,585,000 932,512,000 F. R. Banknotes in circulation, net liability 8,000,000 8,000,000 A H other liabilities including foreign Gov1t credits...,. 4,^83,000 4,245,000

T0TAL LIABILITIES 3,012,40b, w O 2,697,170,,000 Gold reserve against net deposit liabilities. 62.2^ . of,l% Gold and lawful money reserve against net deposit liabilities 65.7% 70.8^ Gold reserve against F,R. notes in actual circulation..... 65 9^ 67 3^ >

X512a

Nov 17, 1916. 293*441,000 140,821,000

434,262,000 238,458,000

1,283,000 674,103,000 16,580,000 690,683,000 19,704,000 97,789,000 117,493,000 39*115,000 U,lb7,000 18,597,000 186,372,000 59*773,000

59,773,000 470,000

6.121.OvO 943,419,000

55,704,000 25,171,000

622,254,000

647,425,000 233,670,000

1,030,0U0 590.000

943,419,000 73*9^ .. 76.7)6

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

Released for publication Sunday morning, November 18, 1917. Hot earlier. WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS. AT CLOSE OF BUSINESS, NOVEMBER 16, 1917.

(in thousands of dollars) Phila. CI eve. Rich. Atlanta Chicago 20,57 6 30,647 6,203 5,799 35,076 37,232 45,419 35,240 9,411 67,007

X-512b

RESO0EG;b: Oc1.1. 3oir. and certificates in vault Gold settlement fund Gold with foreign agencies

Total gold held by banks Gold with Federal Reserve Agents. Gold redemption fund

Boston 39,946 11,104 3,675 54,725 31,692 1.000

N. Y. 321,188 67,140 19,112

tTotal gold reserves tender notes. etc. Le^ STl tender notes, silver, Total reserves

Bills discounted - members Bills bought in open market

Total bills on hand U.S.Government long-term securities U.S.Government short-term securities Municipal warrants

. **^eta3ti

X512c Released for publication Sunday morning November 18, 193.7, Uot earlier STATEMENT OF FEDERAL RESERVE AGENTS1 ACCOUNTS AT CLOSE OF BUSINESS NOVEMBER 16, I9I7. -a . (in thousands of dollars')

yat52u 12,14o 15,940 3,85w 39,180 3,590 5.290 7.995 5,650 ... 218.475

Federal Reserve Notes; Received from Comptroller Returned to Comptroller Chargeable to F.R, Agent In hands of F. R. Agent Issued to FR.Bank less amount returned to F.R. Agent for redemption

Collateral held 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 cooaercial paper delivered to F. R. Agent

F. R. Notes outstanding F. R. Notes held by banks F, R. Notes in actual

circulation

Bills discounted and bought Municipal warrants

57,612 n , W 7?,&g -,267 w.l-jg 1 W . W 49.8^ 46.91S 51.5)1 1.018.630

27,060 165,460 2,632 8,865 2,000

*: 3 * 6 0 4 2,512 13,102 ... 14,480 ... 3,885 3,600 497 2,8S 275 2,042 1,751 1,845 2,403 1,826 42,424 30,000 3 1 , 3 4 , v 7 0 98,199 33,805 14,500 28,3$0 lo,674 29,301

2^,920 175,200 23,430 27.500 18.270 15.266 40.700 11.#7 15.996 15.173 19,158 20,404

243,030 31,843

355,033 408.714

57,612 34%525 73,959 73,692 5k,26?_55^158_13q^l74^_44.856__45.34q 45.582 46.915 51,531 1 638,620

25,949 180,842 23,436 27,534 22,966 15,294 41,321 11,526 19*430 15,634 20,795 26,405 M E M 0 R A N D A . ' '

431,182

Federal Reserve Notes Outstanding and in act*ual circulation* IS TS ",M '?; "j-;;: ts -a i-g 5 3 , W - C 1 E w,G52

1,036,620 66.035

Within 15 days 373,281

8

16 to 3^ days 31 to 60 days 6l to 90 days 68,475 113,067 1 ^ 1

509 98 147

Over 90 days 5,139

511

Total 681,719

1,273 i i

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