February 1919

140 FiEDEKAL RESERVE BULLETIN. FEBRUARY 1, 1919.

GOLD RESERVES OF PRINCIPAL BANKS Figures for the United States include— OF ISSUE, 1900-1918,. (1) Amounts of gold held in the Treasury of In the table below are shown the amounts of the United States at the end of the calendar year gold reserves held by the leading banks of and reported among the free assets of the Gov- issue at the end of each year between 1900 and ernment : i. e., exclusive of gol d cover for gold cer- 1918. The figures represent actual vault hold- tificates outstanding; also of amounts of gold ings, The amounts of gold held abroad and held for redemption of Federal Reserve notes. foreign gold credits have been uniformly ex- (2) Amounts of gold held by the national cluded. This affects chiefly the figures of the banks and reported in their statements to the Bank of France and of the Bank of Russia. Comptroller nearest the close of the years For the latter country the latest available data 1900-1916. Of the clearing-house certificates are those of October 29, 1917. For Italy, the reported by the national banks 60 per cent was figures given represent the amounts of gold estimated "to represent gold. in vault reported by all three banks of issue (3) At the close of 1914-1918, gold holdings and not merely by "the Bank of Italy. Swiss of the Federal Reserve Banks. These holdings figures prior to 1908 represent gold holdings are exclusive of the amounts of gold held by of all banks ot issue. Figures for 1908-1918 foreign agencies, but include amounts of the represent gold holdings of the Central National banks' and agents7 redemption funds held in Bank organized in 1907. the Treasury. Movement of the gold reserves of the principal central banks, 1900-1918. [In thousands of dollars.] United States Treasury, Banks national Bank Bank Russian of Italy, Bank of banks, of Eng- of State | Naples, bank. and land France. Bank. and Belgium. garian Federal Sicily. Bank. Reserve Banks. Dec. 31,1900.. __ __. 138,896 451,427 364,700 77,817 20,578 119,249 I 186,312 1901.. 532,656 156,042 475,494 351,300 22,185 150,586 j 226,129 1902.. 561,697 144,909 490,751 364,900 86,900 21,690 130,219 i 224,350 1903.. 544,836 140,699 455,731 378,000 116,372 22,600 132,942 j 224,803 1904.. 532,217 145,641 513,110 453,400 ! 120,806 23,169 233,601 1905.. 574,006 138,842 555,531 368,700 155,534 23,007 142,060 | 217,618 1906.. 618,846 141,442 522,200 458,300 ! 179,271 24,254 114,665 i 225,344 1907.. 569,849 149,625 519,344 488,500 i 217,419 25,586 118,515 ! 222,737 1908., 662,781 149,559 673,223 555,700 ! 227,508 30,638 183,000 I 239,549 1909.. 618,473 158,785 674,612 604,400 I 232,291 3o;eso 162,228 274.326 1910.. 644,443 152,592 632,924 634,300 i 238,544 157,459 I 267,543 1911.. 157,860 618.855 648,500 244,737 39,816 173,352 j 261,732 1912.. 661,543 147,594 619,009 683,900 248,261 48,092 184,998 245,113 1913.. 691,514 170,245 678.856 786,800 265,476 55,423 278,687 251,421 1914.. 827,703 338,191 269,584 59,131 802,591 803,400 56,619 498,508 213,757 1915.. 312,329 250,510 967,950 831,200 263,278 581,954 138,758 1916.. 442,229 264,275 652,885 758,396 223,400 599,873 58,759 1917.. 739, 750 283,899 639,682 667,041 206,700 572,768 53,717 1918.. 245,720 384,937 664.017 226.400 2561,566 Conver- Bank I Bank sion fund Bank Bank j Bank of ! of of the Bank of of Nor- i of Nether-1 Switzer- Argentine of Total. Sweden. way. i Spain. lands. i land. Govern Japan. raent. Dec. 31,1900 9,877 6,508 67,555 23,531 19,322 32,576 2,029,813 1901 12,591 7,212 67,627 27,699 21,058 34,326 2,165,594 1902 I 13,942 5,897 74,233 22,668 20,530 53,897 2,216,583 1903 15,814 5,678 70,175 20,208 20,776 36,895 58,306 2,243,835 1904 | 16,883 6,546 71,810 27,159 20,653 48,570 39,833 2,422,237 1905 j 18,281 6,522 72,505 31,863 20,546 86,979 57,624 2,469,618 1906 19,277 8,076 74,373 26,706 21,181 99,115 73,380 2,606,430 907 p 10,907 I 1 18,847 8,281 75,521 36,899 [414,568 101,414 80,628 2,658,640 1908. I 20,957 8,380 76,259 40,608 22,674 122,261 84,498 3,097,595 1909. j 21,556 8,964 77,760 48,631 23,921 166,447 108,595 3,211,669 1910. I 21,535 9,711 79.280 49,948 30,034 179.447 110,857 3,248,433 1911. 22,758 10,844 80,693 56,426 31,009 182;394 114,233 3,310,410 1912. 26,816 10,814 84,384 65,032 33,416 215,031 123,141 3,404,475 1913. j 27,372 12,846 92,490 60,898 32,801 224,989 111,846 3,745,372 1914. I 29,088 11,181 110,444 83,663 45,922 213.906 108,791 4,413,348 1915. i 33,385 18,028 166,414 172,530 48,275 5 228; 939 123,836 5,137,386 1916. I 49,1&3 33,027 241,424 236,217 66,585 5 251,158 204,644 5,082,055 1917. ' 65,513 31,214 379,597 280,689 69,025 5 252.390 323,835 I 5,56-5,820 1918. 1 6 75,940 732,713 '430,064 8277,671 9 76,503 s 252', 380 "361,548 I 5.589,454

1 Sept. 30,1918. «r Of the Central National Bank. 7« Nov. 30, 1918 . 10 sDec. 23,1918. 2 Dec. 19,1918. •> Exclusive of the gold held in the Argentine legations abroad, and the Dec. 31,1918. Dec. 21,1918. s Of the banks of issue. 10,000,000 gold pesos in the conversion fund of the Banco de la Nation. » Dec. 14,1918.

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