R e l e a s e d f o r p u b l i c a t i o n S u n d a y m o r n i n g J u i w 1%, 1$1%* No t e a r l i e r , 3 U 2 1 4 .

STATEMENT FOR THE PRESS,

J u n e 1 6 , i g i y .

L a r g e d i s c o u n t o p e r a t i o n s , m a i n l y a t t h e New Y o r k B a n k ; i n c o n n c e t i o n w i t h t h e L i b e r t y L o a n , a n d h e a v y g a i n s i n g o l d r e s e r v e a n d d e p o s i t s , a r e i n d i c a t e d i n t h e F e d e r a l R e s e r v e B o a r d * s w e a k l y b a n k s t a t e m e n t i s s u e d t o d a y a s a t c l o s e o f b u s i n e s s o n J u n e 1 5 , 1 9 1 7 * The s t a t e m e n t d o e s n o t f u l l y r e f l e c t t h e c o n -d i t i o n o f t h e r e s e r v e b a n k s a f t e r t h u r e c e i p t o f t h e s u b s c r i p t i o n s t o t h e L i b e r t y L o a n , s i n c e t h e w e e k l y s t a t e m e n t s t o t h e B o a r d i n m o s t c a s e s w e r e d i s -p a t c h e d b e f o r e s u b s c r i p t i o n p a y m e n t s m a d e d u r i n g J u n e 15 w e r e d e f i n i t e l y a s c e r -t a i n e d . a n d e n t e r e d o n t h e b a n k s 1 b o o k s . As e x p e c t e d , t h e d e m a n d f o r l i q u i d f u n d s w a s g r e a t e s t a t t h e New Y o r k b a n k , w h i c h r e p o r t s a n i n c r e a s e o f a b o u t 9 2 m i l l i o n s o f d i s c o u n t e d p a p e r , a n d o f a b o u t 2 1 m i l l i o n s of p u r c h a s e d p a p e r on h a n d * The b a n k a l s o r e p o r t s g a i n s o f o v e r 5 3 m i l l i o n s i n g o l d r e s e r v e a n d of a b o u t 40 m i l l i o n s i n t o t a l r e s e r v e a s t h e r e s u l t o f r e d e m p t i o n o f i t s n a t e s by t h e F e d e r a l R e s e r v e A g e n t a n d o f a d d i t i o n s t o G o v e r n m e n t a n d m e m b e r b a n k d e -p o s i t s *

O t h e r F e d e r a l r e s e r v e b a n k s r e p o r t b u t l i t t l e c h a n g e i n t h e i r c a s h r e . s e r v e s , e x c e p t C h i c a g o , w h i c h l o s t o v e r 9 m i l l i o n s l a r g e l y t h r o u g h t r a n s f e r t o New Y o r k o f G o v e r n m e n t f u n d s * O w i n g t o t h e r e l a t i v e l y l a r g e r g a i n i n n e t d e -p o s i t s a s c o m p a r e d w i t h t h e g a i n i n t o t a l r e s e r v e , t h e c a s h r e s e r v e p e r c e n t a g e s o f t h e b a n k s s h o w s a d e c r e a s e o f o v e r 5 p e r c e n t *

H e a v y d i s c o u n t i n g o f b a n k p a p e r fcy t h e New Y o r k R e s e r v e B a n k a c c o u n t s l a r g e -l y f o r t h e i n c r e a s e o f 1 0 4 + 8 m i l l i o n s i n t h e b a n k s f h o l d i n g s o f d i s c o u n t e d p a p e r , t h o u g h B o s t o n , P h i l a d e l p h i a , C h i c a g o , D a l l a s a n d S a n F r a n c i s c o l i k e w i s e r e p o r t c o n s i d e r a b l e i n c r e a s e s i n t h e a m o u n t s o f d i s c o u n t e d p a p e r h e l d , Of t h e t o t a l s h o w n $ 1 5 ^ , 3 7 9 , 0 0 0 r e p r e s e n t s t h e a m o u n t o f m e m b e r b a n k s ' c o l l a t e r a l n o t e s , m o s t o f t h e m m a t u r i n g w i t h i n I 5 d a y s , a n d o v e r 4 5 p e r c e n t t & i n g s e c u r e d by U. S• c e r t i f i c a t e s o f i n d e b t e d n e s s * The E a s t e r n b a n k s , a l s o C h i c a g o and K a n s a s C i t y , r e p o r t s u b s t a n t i a l i n c r e a s e s i n t h e i r h o l d i n g s o f a c c e p t a n c e s 1 New Y o r k a l o n e r e p o r t i n g a n i n c r e a s e u n d e r t h i s h e a d o f a b o u t 2 1 m i l l i o n ? * O t h e r e a r n i n g a s s e t s s h o w c o m p a r a t i v e l y s m a l l c h a n g e s * U* S» c e r t i f i c a t e s on h a n d s h o w a d e c r e a s e o f 5 * 6 m i l l i o n s f o r t h e w e e k , t h r e e b a n k s r e p o r t i n g s a l e s o f t h e s e s e c u r i t i e s i n s e m e v o l u m e * W a r r a n t s o n h a n d s h o w a f u r t h e r d e c l i n e t o a b o u t 2 , 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 - 4 8 3 * 9 m i l l i o n s - s h e w a n i n -c r e a s e f o r t h e w e e k o f o v e r 1 2 5 m i l l i o n s a n d c o n s t i t u t e a t p r e s e n t S4b p e r c e n t o f t h e b a n k s 1 p a i d - i n c a p i t a l ; c o m p a r e d w i t h 6 2 9 p e r c e n t t h e w e e k b e f o r e * Of t h e t o t a l , d i s c o u n t s r e p r e s e n t 4 1 * 9 P e r c e n t ; a c c e p t a n c e s 3 3 * 9 P a r c e n t ) II. S , c e r t i f i c a t e s o f i n d e b t e d n e s s 1 1 * 3 P 0 r c e n t ; ;U« S< b o n d s 7 *5 P e r c e n * ^ o n e - y # a r T r e a s u r y n o t e s 4 * 8 p e r c e n t , a n d w a r r a n t s 0 * 6 p e r c e n t ,

An i n c r e a s e # f a b o u t $ 1 7 1 * 0 0 0 i n t h e a m o u n t o f t h e r e s e r v e b a n k s 1 p a i d - i n c a p i t a l i s l a r g e l y t h e r e s u l t o f a d m i s s i o n t o t h e s y s t e m o f t r u s t c o m p a n i e s a n d S t a t e b a n k s i n t h e B o s t o n a n d S t * L o u i s d i s t r i c t s * G o v e r n m e n t d e p o s i t s s h o w a n i n c r e a s e o f o v e r m i l l i o n s , t h e l a t g q r i n c r e a s e w i t h t h e New Y o r k b a n k b e i n g d u e t o t r a n s f e r s o f G o v e r n m e n t f u n d s f r o m t h e o t h e r F e d e r a l r e s e r v e b a n k s . Member b a n k s 1 r e s e r v e d e p o s i t s s h o w a g a i n o f 9 3 + 8 m i l l i o n s , a l a r g e p o r t i o n of w h i c h i s , h o w e v e r , s u b j e c t t o i m m e d i a t e t r a n s f e r t o G o v e r n m e n t a c -c o u n t » The w e e k w i t n e s s e d t h e i s s u e b y t h e K a n s a s C i t y b a n k o f $ jo2 z . COO o f F e d e r a l r e s e r v e b a n k n o t e s , a p p a r e n t l y i n c o n n e c t i o n w i t h L i b e r t y L o a n t r a n s -a c t i o n s ,

F e d e r a l r e s e r v e n o t e s o u t s t a n d i n g a m o u n t now t o $5^7J 9 7 1 / 0 0 0 , a n i n c r e a s e f o r t h e w e e k o f $ 1 5 , 4 4 4 , 0 0 0 » A g a i n s t t h e t o t a l a m o u n t of n o t e s i s s u e d t h e A g e n t s h o l d $ 4 5 9 j 9 4 - 2 j 0 Q 0 o f g o l d a n d $ 6 9 , 1 4 5 , 0 0 0 o f p a p e r * The b a n k s r ^ p c ^ t a n a c t u a l F* R . n o t e c i r c u l a t i o n o f $ % 1 , G l S , 0 0 0 a n d n e t l i a b i l i t i e s t h e r e o n o f $ 4 3 , 0 2 4 , 0 0 0 .

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

. i e l e a s e d f o r p u b l i c a t i o n S u n d a y m o r n i n g J u n e 1 7 , . 1 9 1 7 . Not e a r l i e r

H E S O T R T I ° s F ' r o M B I 8 E D — E S ™ T ^ V ™ — B A m s o i o s e o r B u s i r o s ^ ^ i w _ ^

F ° V ° 9 ° ° °~s%l917' G o l d r e d e m p t i o n f u n d w i t h U n i t e d S t a t e s T r e a s u r e r I , 9 7 0 , u v 0 2 0 5 , 8 8 6 , 0 0 0 2 0 1 , 6 6 1 , 0 0 0 1 7 7 , ] 4 l , 0 0 0 1 0 4 , 1 0 1 0 0 0

T o t a l g o l d r e s e r v e - — ^ 5 5 ^ 0 0 0 — S J J O ^ O O O 2 , 1 1 9 . 0 0 0 1 , 5 4 1 . 0 0 0 1 8 3 3 ^ 0 0 0 L e g a l t e n d e r n o t e s , s i l v e r , e t c - - 5 9 0 , 9 4 8 , 0 0 0 5 3 8 , 6 1 7 , 0 0 0 5 5 9 , 3 1 8 , 0 0 0 4 3 5 , 3 0 2 , 0 0 0 367 9 9 6 0 0 0

T o t a l r e s e r v e . . . . ] ^ | ^ 5 . 1 | x 0 0 0 . 3 7 , 6 9 3 , 0 0 0 1 6 . 1 7 6 . 0 0 0 7 • 9 0 7 , 0 0 0 1 3 ' 6 2 2 ! 0 0 0 F i v e p e r c e n t r e d e m p t i o n f u n d a g a i n s t F . R. b a n k n o t e s . " ' " . * b l 5 , 4 6 6 , 0 0 0 5 7 6 , 3 1 0 , 0 0 0 5 7 5 , 4 9 4 , 0 0 0 4 4 ] , 2 0 9 , 0 0 0 3 8 1 , 6 1 8 , 0 0 0

I s d i s c o u n t e d - -Members 4 0 0 , 0 0 0 4 0 0 , 0 0 0 4 0 0 , 0 0 0 4 2 0 0 0 0 4 ^ 0 0 0 0 i l l s b o u g h t i n o p e n m a r k e t * 2 0 2 , 8 2 4 , 0 0 0 9 8 , 0 2 1 , 0 0 0 1 7 , 2 3 4 , 0 0 0 3 7 , 7 4 8 ^ 0 0 0 20 4 2 7 ^ 0 0 0 h i t e d S t a t e s b o n d s ] 1 6 4 , 5 2 5 , 0 0 0 1 3 5 , 2 7 0 , 0 0 0 9 7 , 0 0 2 , 0 0 0 ' 1 2 2 , $ 1 8 , 0 0 0 6 4 ^ 9 4 8 ^ 0 0 0

u n o - y e a r T r e a s u r y n o t e s . . . , 3 6 , 4 0 0 , 0 0 0 3 ° , 3 ^ 7 > 0 0 0 2 9 , 1 5 5 , 0 0 0 4 2 , 6 4 8 , 0 0 0 5 2 ^ 8 7 5 ^ 0 0 0 U n i t e d S t a t e s c e r t i f i c a t e s o f i n d e b t e d n e s s ' * * 2 3 , 3 4 4 , 0 0 0 2 3 , 3 3 8 , 0 0 0 1 9 , 3 6 8 , 0 0 0 1 1 , 1 6 7 , 0 0 0 4 ^ 1 9 0 ^ 0 0 0 M u n i c i p a l w a r r a n t s ^ 4 , 3 8 4 , 0 0 0 5 9 , 9 6 0 , 0 0 0

T o t a l e a r n i n g a s s e t s — 2 ^ 4 7 0 , 0 0 0 — 5 . ^ . 2 4 ^ 0 0 0 1 6 , 0 2 9 . 0 0 0 1 1 , 1 9 ^ . QQQ 22 0 6 7 0 0 0 F e d e r a l r e s e r v e n o t e s - N e t * . *! 4 8 3 , 9 4 7 , 0 0 0 3 5 8 , 5 0 0 , 0 0 0 1 / 8 , 7 8 8 , 0 0 0 2 2 5 , 6 7 6 , 0 0 0 1 6 4 ^ 0 7 ^ 0 0 0 Due f r o m o t h e r F e d e r a l r e s e r v e b a n k s - Ne t " H , 3 5 1 , 0 0 0 2 b , 2 0 8 , 0 0 0 2 1 , 9 9 1 , 0 0 0 1 9 , 5 0 4 . 0 0 0 2 4 ^ 4 : 9 ^ 0 0 0

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G o v e r n m e n t d e p o s i t s 5 7 , 1 7 1 / 0 0 0 5 7 , 0 0 0 , 0 0 0 5 6 , 0 5 4 , 0 0 0 5 5 , 7 3 1 , 0 0 0 8 6 4 0 1 0 Due t o m e m b e r s - r e s e r v e a c c o u n t . i . X X ^ ^ 9 ' ] J ^ U O O O ( a ) & 2 8 , 1 2 5 , 0 0 0 1 8 , 5 ^ 4 , 0 0 0 2 8 , ^ 6 2 , 0 0 0 5 5 ^ 7 5 1 ^ 0 0 0

r b a n k d e p o s i t s - N e t . . . ** 8 7 0 , 7 3 4 , 0 0 0 ( ^ ) 7 7 5 , 7 7 1 , 0 0 0 7 2 6 , 1 0 4 , 0 0 0 . . . ' J

F e d e r a l r e s e r v e b a n k n o t e l i a b i l i t y 4 3 , 0 2 4 , 0 0 0 . 3 2 , 4 7 6 , 0 0 0 1 9 , 4 4 4 , 0 0 0 1 2 , 6 0 6 , 0 0 0 8 0 0 3 0 0 0

' i . y . o o o " fiSiS " onn ( f o l d r e s e r v e a g a i n s t n e t d e p o s i t and n o t e l i a b i l i t i e s ' h ° ° ° 7 l a i S ° ° 9 4 2 , 2 2 6 , 0 0 0 7 4 1 , 0 5 1 , " 0 0 0 5 9 7 , 8 9 7 ^ 0 0 0 C a s h r e s e r v e a g a i n s t n e t d e p o s i t and n o t e l i a b i l i t i e s i i ^ hk ^ 7 - 0 ^ 6 8 . 3 $ 7 0 . 8 $ C a s h r e s e r v e a g ' s t n e t d e p o s i t l i a b . a f t e r s e t t i n g a s i d e 4 0 # ' 3 - % 7 9 - 2 ^ 6 9 . 6 $ 7 3 - 4 # g o l d r e s e r v e a g ' s t n e t l i a b * on F . R . n o t e s i n c i r c u l a t i o n ^ c\ ^

B i n ™ ™ a ^ r t t g i t 0 ^ l y . M t U r i t i 6 S : . ' , U n 6 1 5 ' 1 9 1 ? : : 16 - 30 d a y s 3 1 - V L y s 6 l

M u n i 6 i p a l : : : :

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

Released for publicat ion Sunday morning June 17, 191?• Not e a r l i e r . X-21 4 b WEEKLY STATEMENT OF RESOURCES AND LIABILITIES O F EACH OF THE FEDERAI, RBSlKHVI; B s l T A f tJUjesa w SDSTNESS JUKE

(In thousands of dol lars) B o s t o n N. Y. P h i l a . C l e v e l . R i c h m . A t l a n t a , C h i c a g o S t - L o u i s Mirm ' l s

$14,654 202,014 27,208 20,961 6,979 " 21,049 4 1 , 1 5 3 1 0 , 1 2 8 34,513 1 5 , 9 8 3

47 1 , 4 5 1 ISO 6 637

R E S O U R C E S . Gold coin and c e r t i f i c a t e s in vault Gold settlement fund Gold redemption fund

Total gold reserve Legal tender notes , s i l v e r , e t c .

Total reserve ^Jredemption fund - F. R. bank notes B i l l s discounted — members B i l l s bought in #pen market

Total b i l l s on hand United States bonds One-year Treasury notes U. S. c e r t i f i c a t e s of indebtedness Municipal warrants

Total earning asse t s Federal reserve notes - Net Due from other F. R. banks - Net Uncollected items All other resources

TOTAL RESOURCES L I A B I L I T I E S .

Gaoital paid in ^ y e rninent deposits Due to members - reserve account Collect ion items Federal reserve notes - Net Due to other F, R. banks - Net Federal reserve bank note l i a b i l i t y All other l i a b . i n c 1 . f o r e i g n Gov. c

TOTAL LIABILITIES M E M O R A N D U M .

F. R. notes issued to banks F. g. notes Beia..by„b&ike. F. ft. notes in c ircu lat ion

j j j

35,750 j 6 8 _

244,620 18.634

37,686 J m .

55,480 J i l

23,599 201

6, 7 , 8 3 9

14,634 806

3 4 , 3 5 4 2 3 , 1 1 3

2 0 8 5 7 , 6 7 5

1.260

8 , 2 9 8 1 4 , 3 9 4

2 q i

12,471 10,888

210 2 2 , 9 8 3 '

1,122 ' 2 3 , 5 6 9

221

Kan,Cy. 8,059

22,088 m

2 9 3 7 .

Dallas 8 , 5 3 5 9 , 7 4 ?

1 4 2

36,118 263,254 38,125 55,647 23,800 15,440 58,935 24,105 23,790

3 0 , 4 8 6 8

12,593 13,291 25,884

1 3 6 , 9 9 1 73,248.

10,473 11.196

530 2,194 3,000

31,608 1,464

10,056 32,428

J Q _

210,239 1,306 2,788

22,014 3 6 6

3,524 11.552

9,738 5 , 3 6 7 ,

3 , 2 7 1 1 , 9 5 2

4,968 22.291

2,854 6,199

4,819 ,1,490

30, 494 300

6,186 8,069

1 8 , 4 2 4 1.168

S.Fran, 1 4 , 9 3 4 1 1 , 0 7 5

- - 2 1 — 2 6 , 0 4 2

1 2 4 19,592

100 4 , 5 4 3

-718

26,166

2,864 9,152

Total 3 6 5 , 0 2 0 221,970

1 ^ 2 5 8 590,948

24,518

21,669 15,076 15,105 5,223 27.259 9.053 6.309 14.255 5.261 12.016

615,466 400

202,824 164.525

5 4 9 2,548 3,500

158 236,713 28,424

5 , 8 5 3 1,871 3,520 1,265

1,152 1,969 2,000

J5_

672 1,491 2,600

27

81,903 5,556

32,695 JtlL

27,585 2,332 9,171

22,199 104

20,241 10,013

7,007 2,985 5,091

ML

2,233 1,444 2,500

212

1,857 1,340 2,072

1,593 11,205

_50

1,362 9 , 6 8 9

7 6 8

42, 495 5,088 1,485

43,489 l , 66o

8,842 1,784 2,500

J L L

3,970 1,430 2,000

20 15,442 11,578 27,4J2 12,681

2 , 4 2 9 1,500 3 , 5 8 7

2 0 3

3 6 7 , 3 4 9 36,400 23,344 54,384

2,4%

4,739 8,588

292 12,060

23L

4,672 9,844

146

193 10,285

454

19,735 2,467 2,651

15,935 - 2 L

483,947 11,351

(a)5 ,642 290,320

- 5 ^ 2 1 1 111,744 583,029 105,137 117,038 56,889 37.272 153.152 53,166 47,507 72,888 43.305 67,052 1,412.343

5,112 11,264 56,226 38,996

12,063 126,559 364,992

36,196 6,163

35,536

5 , 2 7 2 17,204 48,686 27,649

6,145

6,24? 21,538 75,602 1 3 , 6 5 1

3 , 4 3 6 4,086

25,078 13,035 11,211

2,387 7,318

18,822 6,342 2,403

7,062 23,713

100,627 21,750

3,243 7,659

3 1 , 6 5 7 3,613 6,994

2,468 7,776

3 1 , 4 9 4 3,393 2,034

300

3,166 6,770

50,325 6,436 5,829

362

2,755 10,363 23,471

4,471 2 , 2 4 5

3,960 14,880 43,754 4,343

57,171 259,130 870,734 179,875

43,024

362 iixs mo

, 111,744 1.5ZO 181

583.029 105.137 117.038 r *3

56.889 37,272

CM

i rn m

r4 53,166

42 47,507 72,888 43.305

115 2,047 67,052 1,412.343

25,760 1.464

219,851 39,624 32,506 18,837 2,152 2,332

17,411 730

19,548 . 668

62,044 5.088

17,284 633

24,209 .1,097

26,349 561,

19,746 327

23,639 527,971 2 ,46 7 36,356

25.760 194.851 37,472

l i i Gold and lawful money with Agent ; (a) Difference between net amounts due from and net amounts due to other Federal- reserve banks

30,174 3 2 , 5 0 6 5,470

18,880 1 6 , 4 7 7 62.044 9.657

23,112 25,788 21^018 .J&L953.

19,419 21,172 J d L l t i — 2 1 * 6 3 9 4 5 9 , 9 4 2

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

R e l e a s e d f o r p u b l i c a t i o n S u n d a y m o r n i n g J u n e I f , 1 9 1 ? . Not e a r l i e r . X - 2 1 4 c .

STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS JUNE 1 5 , 1 9 1 7 . ( i n t h o u s a n d s of d o l l a r s )

F e d e r a l R e s e r v e N o t e s : B o s t o n N. Y. P h i l a . C l e v e l . R i c h m . A t l a n t a C h i c a g o S t , L o u i s M i n n l s . K a s . C y . D a l l a s S . F r a n . % o t a l .

R e c e i v e d f r o m C o m p t r o l l e r $47 , 480 4 0 9 , 6 4 0 6 l , ] 4 0 4 8 , 0 0 0 3 0 , 1 0 0 3 6 , 3 8 0 8 1 , 0 6 0 2 7 , 3 4 0 3 6 , 6 4 0 4 2 , 7 2 0 3 6 , 9 2 0 2 7 , 0 6 0 8 8 4 , 6 8 0

R e t u r n e d t o C o m p t r o l l e r 1 0 , 6 7 0 7 7 , 4 8 $ 8 , 7 5 6 5 , 8 5 4 1 0 , 7 4 9 6 , 4 2 7 2 , 2 7 6 5 , 1 9 6 5 , 7 4 1 6 , 8 3 1 8 . 9 1 3 3 , 4 2 1 1 5 2 , 3 2 3

C h a r g e a b l e t o F . R. A g e n t 3 6 , 8 1 0 3 3 2 , 1 5 1 52,584 4 2 , 1 4 6 1 9 , 3 5 1 29,953 7 8 , 7 8 4 2 2 , 1 4 4 30,899 35,889 2 8 , 0 0 7 2 3 , 6 3 9 7 3 2 , 3 5 7

I n h a n d s of F . R. A g e n t 11,050 1 1 2 , 3 0 0 12,960 9 , 6 4 0 1 , 9 4 0 10,405 1 6 , 7 4 0 4,860 6,690 9 , 5 4 0 8,261 ~ — 204, 386

I s s u e d t o F . R- "bank l e s s a m o u n t r e t u r n e d t o F . R. A g e n t f o r r e d e m p t i o n 2 5 , 7 6 0 219,851 3 9 , 6 2 4 3 2 , 5 0 6 1 7 , 4 1 1 1 9 , 5 4 3 6 2 , 0 4 4 1 7 , 2 8 4 24,209 2 6 , 3 4 9 1 9 , 7 4 6 2 3 , 6 3 9 5 2 7 , 9 7 1

A m o u n t s , h e l d by F . R. A g e n t :

I n r e d u c t i o n of l i a b i l i t y on o u t s t a n d i n g n o t e s :

G o l d c o i n a n d c e r t i f i c a t e s ! on h a n d 2 1 , 9 1 0 183,914 4 , 2 2 3 11,808 2 , 8 9 7 3,365 1 4 , 0 7 7 2 , 3 7 0 11,110 2 5 5 , 6 7 4

G o l d r e d e m p t i o n f u n d 1 , 8 5 0 1 0 , 9 3 7 2 , 0 9 4 1 , 6 9 8 470 1,500 5 7 4 542 1 ,261 1 , 5 2 9 1 , 0 3 4 1 , 0 4 9 2 4 , 5 3 8

W i t h F e d e r a l R e s e r v e p o a r d 2 , 0 0 0 — - 2 5 , 0 1 0 1 9 , 0 0 0 5,000 1 2 , 0 8 0 61 ,470 5,750 5 / 7 4 0 16,060 5 , 0 3 0 22,590 1 7 9 , 7 3 0

As s e c u r i t y f o r o u t s t a n d i n g n o t e s : C o m m e r c i a l p a p e r - — 25,000 8, 297 — — 11,941 3 , 0 7 1 — — 7,627 3 , 1 3 1 6 , 3 9 0 2 , 5 7 2 — — 68,029

T O T A L 2 5 , 7 6 0 219,851 3 9 , 6 2 4 3 2 , 5 0 6 i 7 , 4 i i 1 9 , 5 4 8 6 2 , 0 4 4 1 7 , 2 8 4 2 4 , 2 0 9 26,349 1 9 , 7 4 6 2 3 , 6 3 9 5 2 7 , 9 7 1

Amount e f c o m m e r c i a l p a p e r d e -l i v e r e d t o F e d e r a l R e s e r v e A g e n t — 25,007 8 , 3 0 4 1 2 , 4 1 1 3 ,071 7 ,630 3 ,131 6 , 8 1 2 2 , 7 7 9 69,145

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