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k .^ 838 Released for publication Sunday morning, October 15, 1916, Not earlier, STATEMENT FOR THE PRESS October 14, 1916, Aggregate increaf.cn of over 18 millions in member bank deposits, off set in part by net wix'rIrawals cf 9,25 millions of Government deposits, also gains of 7,4 millions in the combined gold reserves and of 4,8 mil lions in the total cash reserves of the Federal Reserve Banks, are indi cated by the weekly statement issued by the Federal Reserve Board as at close of business on October 13, 1916. In the case of. Philadelphia a gain of 2.2 millions in total reserve is due chiefly to the gain in member bank deposits, Chicago and Dallas re port increases of 1,4 millions and of 2,4 millions in their cash reserves, together with increases in total deposits and reductions in the amounts due from other Federal Reserve Banks. Minneapolis shows a gain of 1,6 millions in its cash reserve, accompanied by a reduction of 2 ,1 millions in its favorable balance in account with other Federal Reserve Banks and an increase of over $600,000 in earning assets, The San Francisco bank l i quidat©4 over 3 millions of its balances due from other Federal Reserve BanlfSy ■ of which it used about 1 million in increasing its earning assets sind over 1,5 millions to strengthen its cash reserve, Aggregate holdings of discounted paper show a decrease of 1 ,6 millions, a ll the 3 southern banks, especially Dallas, reporting smaller amounts of commercial paper on hand than the week before, Abdut $281,000 of the pa per discounted by the Federal Reserve Banks is represented by member banks' own notes secured by commercial paper, There is but l i t t l e change in the total of acceptances on hand. Of the total b ills - including acceptances held by the banks, 40,9 per cent mature within 30 days, and 33,8 per cent after 30 though within 60 days. Transactions in U. S, Securities, includ ing the conversion on October 1 of 2 per cent bonds into 3 per cent bonds and 1-year notes, are reported by 5 banks, resulting in a decrease by 1,7 millions in the amount of bonds and in an increase by 1,7 millions in the amount of 1 -year notes on hand. Large purchases of New York City notes during the past week are mainly responsible for the increase of 2,5 millions in the holdings of municipal warrants. Total earning assets are given as 184,1 millions or over 330 per cent of the banks' paid-in capital, compared with 274 per cent reported about 6 months before. Of the total earning assets 42,1 per cent is represented by acceptances; 23,2 per cent by U, S. bonds; 17.1 per cent by warrants; 12,0 per cent by discounts; and 5,6 per cent by Treasury notes. All the banks, except New York, show net withdrawals of Government funds, while a ll the banks except Cleveland and Minneapolis report sub stantial increases in member bank deposits. There has been no change in the amount of Federal Reserve Bank notes in circulation. Federal Reserve Agents report a total of $225,882,000 of Federal Res«*»e notes issued to the banks, or $5,392,000 in excess of the total stoown the week before, Against the total issued they hold $210,088,000 of gold and $16,296,000 of paper. The banks show a total of $207;i24,000 of Federal Reserve notes in actual circulation, while their aggregate net lia b ilitie s on notes issued to them by the Agents is given as $12,316,000, Released for publication Sunday morning October'15, 1916. Not earlier. 838-a STATEMENT OF COMBINED RESOURCES. AND LIABILITIES OF THE TvTELVE FEDERAL RESERVE BANKS OF THE UNITED STATES AT CLOSE OF BUSINESS OCT, 13, 1916. R E S O U R C a n d E S ; , O c t o b e r G o l d c o i n c e r t i f i c a t e s i n G o l d s e t t l e m e n t f u n d . .......................................................... .. G o l d r e d e m p t i o n f u n d w i t h v a u l t . . . . . _____ _______ U n i t e d S t a t e s $ t e n d e r T o t a l F i v e p e r B i l l s n o t e s , s i l v e r , e t c . c e n t r e d e m p t i o n d i s c o u n t e d M a t u r i t i e s : a n d W i t h i n f u n d a g a i n s t F „ 2 2 6 . 9 5 6 . 0 0 0 1 1 8 . 6 3 1 . 0 0 0 7 5 . 6 9 0 . 0 0 0 5 8 , 6 2 0 , 0 0 0 , 6 8 7 , 0 0 0 1 . 9 1 0 . 0 0 0 1 . 9 7 0 . 0 0 0 1 , 4 9 5 . 0 0 0 3 4 8 , 0 0 0 3 8 6 . 9 7 7 . 0 0 0 3 9 0 . 2 0 3 . 0 0 0 3 2 2 . 8 9 9 . 0 0 0 , 3 7 7 , 0 0 0 1 3 . 9 9 1 . 0 0 0 1 0 . 2 7 9 . 0 0 0 1 1 . 5 0 4 . 0 0 0 1 9_t 7 4 8 i 0 0 Q 7 2 5 , 0 0 0 4 0 0 . 9 6 8 . 0 0 0 4 0 0 . 4 8 2 . 0 0 0 3 3 4 . 4 0 3 . 0 0 0 3 0 6 , 5 3 6 , 0 0 0 3 5 0 , 0 0 0 0 0 0 5 0 0 , 0 0 0 4 5 0 , 0 0 0 3 7 0 , 1 5 . 0 6 1 . 0 0 0 1 0 . 6 1 3 . 0 0 0 2 3 2 . 0 0 0 6 , 6 9 4 , 0 0 0 2 7 . 8 1 0 . 0 0 0 2 5 . 7 5 5 . 0 0 0 1 5 , 9 0 5 . 0 0 0 1 2 . 9 3 9 . 0 0 0 3 2 . 1 1 2 . 0 0 0 3 5 . 4 4 1 . 0 0 0 2 3 , 5 7 4 . 0 0 0 1 4 . 7 0 3 . 0 0 0 2 4 . 9 4 7 . 0 0 0 2 8 . 7 3 0 . 0 0 0 1 7 , 6 0 5 . 0 0 0 8 , 1 1 5 ’ 0 0 0 9 5 4 . 0 0 0 1 , 5 0 7 1 n o t e s . ................................. .. 1 3 , 5 4 3 . 0 0 0 t o 3 0 d a y s ......................... 2 7 . 3 7 5 ' 0 0 0 F r o m 3 1 t o 6 0 d a y s , 3 3 , 5 9 l ' 0 0 0 1 0 d 9 0 days, 1t o 6 1 9 0 U n i t e d a y s 2 3 , cl S t a t e s O n e - y e a r T o t a l F e d e r a l e a r n i n g r e s e r v e D u e f r o m F e d e r a l ! , A l l o t h e r r e a B o n d s ...................................... .. ................... U n i t e d S t a t e s T r e a s u r y n o t e s . . . . . . . . - p a i d G o v e r n m e n t M e m b e r b a n k r . - o u r c e s i n , . . . . . . . . . F e d e r a l r e s e r v e n o t e s F e d e r a l r e s e r v e b a n k - i ....................... .. n o t e s i n o t h e r a g a i n s t n e t 0 0 0 1 4 . 8 9 4 . 0 0 0 2 0 . 7 6 0 . 0 0 0 0 0 0 2 6 . 2 3 2 . 0 0 0 2 0 . 0 5 6 . 0 0 0 -0 0 0 3 . 0 4 5 . 0 0 0 8 . 2 4 4 . 0 0 0 6 7 5 6 8 2 . 2&, 5 4 4 , 1 2 C a s h r e s e r v e a g a i n s t n e t C a s h r e s e r v e a g a i n s t n e t . a s i d e 4 0 $ g o l d r e s e r v e d e p o s i t d e p o s i t a g a i n s t a n d a n d n o t e n o t e l i a b i l i t i e s l i a b i l i t i e s l i a b i l i t i e s a g g r e g a t e n e t a f t e r L e s s i t e m s i n t r a n s i t b e t w e e n F e d e r a l 0 0 0 0 0 0 6 3 9 , 6 4 9 " , 22 , 16, 9 2 4 . 0 0 0 1 0 . 3 8 0 . 0 0 0 2 3 4 . 0 0 0 2 6 . 5 8 3 . 0 0 0 2 , 0 0 0 1 3 4 , ' 0 0 0 8 0 , 9 2 1 5 9 . 0 0 0 1 5 , 2 3 6 , 8 2 5 . 0 0 0 1 0 . 1 6 0 . 0 0 0 0 0 0 6 7 3 . 0 0 0 3 . 0 1 3 . 0 0 0 5 2 7 . 5 4 4 . 0 0 0 4 1 5 . 8 7 2 . 0 0 0 3 , 0 0 0 4 3 . 9 5 9 . 0 0 0 , 7 0 6 . 0 0 0 1 5 0 , '. 0 0 0 2 7 0 . 0 0 0 5 5 . 6 8 4 . 0 0 0 5 5 . 1 7 6 . 0 0 0 5 4 . 8 4 5 . 0 0 0 5 4 . 7 7 5 . 0 0 0 9 7 . 4 7 6 . 0 0 0 3 4 . 7 3 2 . 0 0 0 1 5 , 0 0 0 , 0 0 0 7 1 5 ' 0 0 0 3 3 . 9 7 1 . 0 0 0 5 2 6 . 0 1 9 . 0 0 0 4 7 4 . 9 4 2 . 0 0 0 3 2 8 ’ 7 6 6 , 0 0 0 0 0 0 4 2 6 . 5 0 7 . 0 0 0 0 4 3 , 1 1 . 7 8 2 . 0 0 0 1 0 . 0 9 8 . 0 0 0 9 . 5 1 1 . 0 0 0 1 4 . 7 9 1 . 0 0 0 1 , 0 3 3 , 0 0 0 1 . 7 2 0 . 0 0 0 1 . 4 2 3 . 0 0 0 , 3 1 6 , 0 0 0 0 3 3 , 0 0 0 4 6 4 , 0 0 0 , 2 5 3 , ( A ) . . : 7 1 , ( A ) . . : 7 3 . 4 6 2 , 0 0 0 6 2 8 . 9 5 1 . 0 0 0 0 0 0 6 $ 6 $ 2 3 7 , 0 0 0 5 2 6 , 0 0 0 2 . 5 4 0 . 0 0 0 6 3 9 . 6 4 9 . 0 0 0 5 2 7 . 5 4 4 . 0 0 0 4 1 5 . 8 7 2 . 0 0 0 _ 7 0 .9 $ 6 9 . 4 $ 7 1 . 1 $ 7 3 . 5 $ 7 1 . 2 $ 7 3 . 7 $ 8 2 . 3 $ 88 . 0$ s e t t i n g l i a b i l i t i e s _on Federal res_erve_ notes_ i n ^ i r ^ u l a ^ o n ^ A ) ^ . ^ . ^ . ^ . ^ . ^ - ^ . ^ ___ ( A ) 6 2 8 . 9 5 1 . 0 0 0 3, 3 5 1 8 9 . 6 5 7 . 0 0 0 0 8 9 , c i r c u l a t i o n . d e p o s i t 4 . 5 4 6 . 0 0 0 2 7 . 4 2 4 . 0 0 0 2 8 0 , l i a b i l i t i e s .................................................. r e s e r v e 8 . 7 6 3 . 0 0 0 2 9 . 0 8 5 . 0 0 0 1 8 3 . 3 1 2 . 0 0 0 0 0 0 4 4 , 5 2 . 5 8 9 . 0 0 0 o ” 0 0 0 3 0 , ; . 6 3 8 , G o l d 0 0 0 3 7 66 , 1 0 5 . 0 9 8 . 0 0 0 1 5 , 1 A l l 1 1 4 , 5 5 . N e t . . . . ......................... 4 4 ^ , 5 4 2 : . 0 0 0 6 3 8 , " 2 5 i r , N e t . . . ......................... - , 4 4 4 , __ ...................... d e p o s i t s 0 0 0 9*1 d e p o s i t s ....................... .. .. ............ .. b a n k 0 0 0 6 4 2 , 1 8 4 , TOTAL RESOURCES. ..................................... L I A B I L I T I E S . C a p i t a l 4 8 6 , 1 0 1 . 0 9 4 . 0 0 0 I, 4 . 5 5 9 . 0 0 0 ______ 1 , 1 6 4 . 0 0 0 0 0 0 9 9 , 1 0 N o t . . . . . r e n e r v e 0 0 0 4 2 , w a r r a n t . ; ................................................................ a s s e t s . n o t e s 9 8 6 , , 1 9 1 , 1 M u n i c i p a l A 1 , 2 1 2 ,0 0 0 2 8 6 . 7 8 8 . 0 0 0 b o u g h t : T o t a l .. I n v e s t m e n t s : 1 1 1 O v e r October 15, 1915 1 1 9 . 4 4 1 . 0 0 0 F r o m F r o m April 14, .1916 0 0 0 1 b a n k July 14, 1916 2 6 1 , 4 0 5 , R . 1 9 1 6 2 4 5 . 7 1 4 . 0 0 0 T r e a s u r e r . , ......................... , 2 6 9 . 6 0 2 . 0 0 0 1 2 5 , r e s e r v e ............. ............................................ 6 O c t o b e r 2 6 5 . 6 2 6 . 0 0 0 3 9 4 , L e g a l 1 3 , 1 9 1 6 2 6 7 , 4 0 0 , 0 0 0 - r e s e r v e b a n k s , v i 1: : _ _ 3 0 , 7 4 % 4 $ _ 0 8 9 , 0 0 0 _ _____ 74^2$ _ 26,232,000 _______ 7 1 . 8 $ 2 0 , 0 5 6 , 0 0 0 _ __________ 7 4 * 4 $ _ 1 6 , 8 2 5 , 0 0 0 ______ 9 0 .1 $ _ . 1 0 ,1 6 0 ,0 0 0 Released for publication Sunday morn_r3 October 15, 1916. Not earlxer r WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TTCELVE FEDERAL RESERVE BANKS AT CLOSE OF f (in thousands of dollars) N. Y. Phila. Clevel. Richm. Atlanta Chicago St.Louis Minnls. Boston RESOURCES . 165,793 13,900 14,951 4,042 4,076 26,956 4,685 6,408 $7,660 Gold coin and c e r tif. in vault 4,561 16,238 13,461 16,913 2,822 28,289 5,039 4,720 10,389 “Gold Settlement Fund 250 50 78 233 230 800 71___ , 30. 5 Gold Redemption Fund 11.158 9,795 55,445 7,128 18,054 170,604 30,188 28,490 21,188 Total gold reserve 191 J535__1,160 f»61 1.117 66 274 80 7*148 Legal tender n otes,silver,etc. 18,134 177,752 30,462 29,607 21,254 7,689 56,070 10,955 11,349 Total reserve 5$ redempt.fund - F.R, bank notes 2,258 1,671 3,365 2, 591 338 4,316 77 998 556 j B ills discounted - members 2.939 5j_174 5 , 4 fr 2 3.736 1.779 .233 10.201 4 22.535 111106 g ills bought in open market 4*610 6,095 7.101 8.043 7.432 6^571 23.533V llTl83 10,757 Total b ills on hand 2,689 2,920 633 1,508 7,596 6,245 2,306 1,773 2,172 Investments: U. S, Bonds 570 700 1,517 526 1,070 760 955 1,174 1,000 One-year U.S.Treas.notes 1.585 JLl.754 4.303 29161 8.071 3.505 4.053 4.417 Municipal warrants 9.426 -21.459 12.276 9.984 .1x859. 18.346 34.332 18.168 17.629 Total earning assets 330 . . . . 1,289 . . 1,251 1,590 8,745 693 330 Federal reserve note3 — net 1,347 2,020 6,212 6,479 1,382 8,038 . . . . Due from other F. R. banks - Net 8,148 298 20 163 532 132 69 105 163____ 67 298 All other resources 85.562 29.842 24.035 19,298 46.323 229.030 49.390 47.864 30.480 TOTAL RESOURCES LIABILITIES . Capital paid in Government deposits .Member bank deposits - Net Federal reserve notes - Net F, R. bank notes in circulation Due to other F.R. banks - Net A ll other lia b ilitie s TOTAL LIABILITIES 5,024 11,902 3,203 2,147 38,993 213,925 * U a lilitie s^ * 6' f S 540 2,493 3,325 2,872 3,176 19,977 11,472 2,124 4,171 * la* ’ 33 6, 677 2,794 2,597 2,170 1,049 2,825 7-6,050 22,529 20,389 2,349 • V * * * .................................1 46.323 '229.030 49.390 47.864 30.480 19.298 85.562 ME M 0 R A N D U M . F.R. notes issued to the banks F.R. notes in hands of banks F.R. notes in circulation Gold and lawful money with agent Carried to net assets Carried to ' 5,994 5,224 3,410 1.244 34,193 .40,086 . . ^ 11,249 1.590 'iu&59 11,249 1,590 77,603 8.745 68.858 77,603 8,745 8,006 693 7.313 8,006 693 ^ 8,947 14,814 20,705 897 330 649 8.617 14.165 19.808 8,947 9,994 17,684 330 2.124 4.171 ^ 838-b BUSINESS OCTOBER 13, 1916. Total Kas.Cy. Dallas S.Fran. 3,419 11,411 267,400 4,099 9,610 9,141 4,078 125,261 10 1.687 411 119 13,828 12,971 15,499 394,348 5 81 69 11,377 13,833 13,052 15,568 405,725 370 370 404 1,360 4,165 221__ 6.381 77,-gfr 1.680 3.040 '4.385 .6 .735 09 . 485 . 9,270 2,896 2,634 42,642 529 680 10,444 963 2j891 31,542 611 13.884 7.811 13.540 184.114 1,383 1-5,280 . . . • 1,671 465 l,308(a)30,089 537 2.675 154_ 435 29.912 21.763 31.735_638,353. 2,689 3,043 538 1,789 24,539 14,372 759 2,913 1,033 • * * * 29,842 24,035 29,913 * is 21,763 3,920 55,682 ,1592 24,715 2fV?08 544*,v.’43 12,316 • • 1,033 m * * 4*4 31, 735 638,253, 12,436 14,743 18,331 25,658 10,076 225,882 153 1 ,382 18 f.75fi_ 781 998, - 1*2 51, X ,28.9__ 2.025 11.438 13,492 17.550 35.505 8.694 207.124 9,089 14,743 16,751 22,552 10,076 •210,088 3,314 1,382 15,280 1,251 1,289 12.316 759 2.913 2.349 3,314 to other Federal reserve banks. Released for publication Sunday morning October 15, 1916, Not earlier. 838-c STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS OCTOBER 13, 1916. • (in thousands of dollars) Boston N. T. Phila. Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas.Cy. Dallas Federal Reserve Notes: Received from the Comptroller $24,880 143,400 15,480 15,160 , 289,384 2,613 6,041 2, 560 63,502 14,743 18,331 25 658 1 0 .0 7 6 225,882 16,964 24,690 8,195 14,598 20,373 2,400 3,300 2,150 3,985 4,881 2,162 5,630 77.603 8,006 8,947 \ 14„®1L4 20,705 10., 500 7 3 ,5 1 5 3,820 8,460 749 3,988 486 487 Issued to F. R. Bank less amount returned to F. R. Agent for redemption 1 1 , 249 Credit balances In gold redemption fund : ■Vith Federal Reserve Board « * « * 5,074 3,700 • * 1 4,560 3,314 12,436 * * 11,249 77,603 8,006 8,947 5,063 11,620 773 9,590 65,960 3,347 • * 4,979 3,023 3., 314 • • 132,248 2,350 11,500 10,880 3,080 20,705 , 3,310 9,500 12,050 14,814 , 11,880 716 3,021 4, 270 10,340 486 234 4., 820 , 1,372 1,074 494 * Amount of commercial paper delivered to Federal Reserve Agent 12,536 10,406 12,247 19,760 * 20,944 31,699 627 8,020 TOTAL 78,716 1,962 In hands of F. R. Agent As security for outstanding notes Commercial paper 1,244 1,676 1,185 97,363 Amounts held by F. R. Agent in reduction of lia b ility on outstanding notes: On hand: Gold coin and certificates 3, 621 22,620 3,230 19,269 Chargeable to F. R. Agent 368,100 21,000 5,536 46,037 Total 35,320 13,880 9,380 16,560 2,913 5,611 Returned to the Comptroller 22,500 27,920 S.Fran. 1 2 ,4 3 6 3,348 » 1,0 2 1 1,540 14,743 18,331 * * 1 ,6 4 1 3,066 • 25,658 10,076 3, 305 • 15,794 225,882 16,296
@FedFRASER