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Vs. 853 • Released, for public at io^g Sunday morning, October 22, statem ent for the 1916. Not earlier. p r e s s .' October 21, 1916. Purchases on a large scale of acceptances and net withdraw als in some volume of member bank deposits largely account for the de creases in gold and total reserves indicated by the weekly bank state ment made public to-day by the Federal Reserve Board as at close of business October 20 , 1916 . Aggregate cash reserves of the banks show a decrease for the week of 1 0 .9 m illio n s , New York, Philadelphia and Cleveland reporting the largest reductions in th eir cash holdings. The total decrease in gold reserves is sligh tly over 10 m illions. In the case of New York a loss of 8.2 m illions in cash reserve is accompanied by an increase of 4 .5 m illions in the total amount due from other Federal Reserve Banks, of 1*7 m illions in earning assets and of 1*9 m illions in total deposits. The loss of 2*8 m illions shown by the Philadelphia Bank goes hand in hand with an increase of 1*6 m illions in earning assets and a decrease in deposits. The Cleveland Bank shows a decline of 2.3 m illions in cash reserve, together w ith a change of an unfavorable balance of over half a m illion to a favorable balance of 1«8 m illio ns in ac count w ith other Federal Reserve Banks. Boston reports a gain of 3*5 m illions in total reserve, together with an increase of 1*2 m illions in earning assets and a decrease of 4«3 m illions in the amount due from other Federal Reserve Banks. Discounted paper held by the banks aggregates $21,3^5^000^ or about $ 6 0 0 ,0 0 0 less than the week b e fo r e . The 3 southern banks report considerable liq uid atio n of paper, offset in part by increases in the amounts on hand reported by the Chicago and Minneapolis banks. Of the total about $ 8 4 0 ,0 0 0 is represented by member banks 1 own collateral notes discounted by 8 Federal Reserve Banks* Acceptances on hand show an increase of 5*1 m illions, the 3 ©astern banks reporting considerable purchases of this class of paper during the past week» Of the total b ills - including acceptances - reported on hand at the close of the report week, 37.3 per cent matured within 30 and 34*5 Per cent after 30 but w ithin 60 days. Transactions in U. S. securities - including the conversion on October 1 of 2 per cent bonds into 3 P er cent bonds and notes - are reported by 5 banks, resulting in a decrease by $ 1 , 307,000 of the amount of U, S , bonds and an increase by $1,153.*000 ^e amount of 1 -year notes carried. Municipal warrants on hand show an increase for the week of over 1 m illio n , mainly the result of purchases during the week of New York City and Cincinnati warrants. Aggregate earning assets axe at present about 190 m illion d o llars, a gain of 4 .6 m illions for the week, and constitute about 3 4 l per cent of the banks 1 paid-in capital* Of the tf'tal earning assets 43*5 per cent is represented by acceptances, 2 1 .8 per cent by U. S< bonds; 17»2 per cent by warrants; 11*3 Per cent by discounts; and 6*2 per cent by Treasury notes. Government deposits show a decrease for the week of about $ 4 0 0 ,0 0 0 , while net member bank deposits decreased 4«1 m illio n s . „ Federal Reserve Eank notes in circulation decreased slightly during the week. The Agents report the issue to the banks of $ 230, 803,000 (net) of Federal ^Reserve notes, an increase of $ 4 ,9 2 1 ,0 0 0 for the week. Against the total issued they hold $ 2 1 5 ,3 2 9 ,0 0 0 of gold *nd $1°,338.>000 of paper. \The banks report a total of $ 2 1 2 ,0 4 4 ,0 0 0 of Federal reserve notes in atetual circulatio n and aggregate l i a b i l i t i e s of $ 1 1 ,8 9 6 ,0 0 0 on notes issued to them by the Agents. Released for publication Sunday morning October 22, I 9I 0. T,„rm. T-dawfq m? tvf UNITED STATES AT CLOSE OF BUSINESS OCTOBER 20,1916. STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE T ’ELVE FEDERAL RESERVE BANKS OF THE UNITED STAlii-b A ULUb*. u F q O U R C E S October 1916 E S O U R C E S . . coin and c e r tific ate s xn v a u l t ...................................• • • • • ,5 ,> settlement fu n d .............. ................................................... \,ia nnn redemption fund w ith United States Treasurer................ W 284*000 Total gold r e s e r v e .......... -...............................................• • • • • ^ ^ >n m Legal tender notes, s ilv e r , e t c . . . . . . • . . . -• -• • • • • *• • - _ A —l__ *' * R Gold Gold Gold . October r 13 , 1 9 * W uQQ 000 125 '2 6 l '0 0 0 t £r7 r><"n • IQ ^ l U s i o O O . 1 1 ^ 7 7 ,000 405, 725,000 Five pe^acentSrede-ffiption fund against F. R. bank n o t e s . . . . 1+20,000 3 7 0 ,0 0 0 B ills discounted and b o u g h t :. . M aturities: W ithin 10 d a y s .................................. .................. From 11 to 30 d a y s . . . ................................... « 31 to 60 days................................................... * 61 to 90 days................................................... , over 90 days.............. i ^ m ^ o o o i4 m 000 p l /s k /n o o 2 4 ,4 5 1 ,0 0 0 35 , 928,000 28,11*7,000 i pio ooo H , 5 4 3 ,0 0 0 27 17 S 000 Inws^ t ; : " n » i t 6 d‘ s tates'b 0» d s :::.................. .................... One-year United State, Treasury notes............. 41,335,000 1 ,69^000 Municipal warrants.............................^ g ' ^ ' g g g A Total earning a s s e t s . . . . . . ......................................... Federal reserve notes i l l 000 N e t . . . . . . . . . ................................ ••• ' Due from Federal reserve banks - N e t ..................................... A ll other resources.............................................................................. TOTAL RESOURCES. .......... ........................................................... , L I A B I L I T I E S . Capital paid m ......................... ........................ .. • • •• •• • • • • * * • ’ G o v e r n m e n t ’ d e p o s i t s . ..... ................................... Member bank deposits - ..................................................... ■•••■ - V ^ r /n n n IIP 4*>33,3 1 2 ,000 | ^ n 6 ' 000 102^ 000 r - m ^ e d e r a l reserve notes - N et.......- - - - - - - ............ / r w p 'o O O Federal reserve bank notes xn c ir c u la tio n ................................. 'S S h 'n n n ,-v+Viov l i a b i l i t i e .s......................................... .. ......... VV.y. Aati ll other . . . . . . . . ....................................................... TOTAL L IA B IL IT IE S ......................................... I " . " " , ’ V $d33, 3 1 2 ,0 0 0 Gold reserve a g a i n s t net deposit and note l i a b i l i t i e s ( A ) . 70 . 4 / Cash reserve against net deposit and note l i a b i l i t i e s ( A ) . 72*4/> Ca^h reserve a g a i n s t net deposit l i a b i l i t i e s after setting aside 4 0 $ gold reserve against aggregate net l i a b i l i t i e s F t / ’ t 1' ' ^ '9 8 6 ,^ i f191 >QQQ 99, ^ 6,000 • 21 1916 A p ril 21-22 1916 October 2 2 ^ 9 1 5 239, 882,000 227 005,000 262.0^9^000 000 007 , nnR nnn 9 9 ,5 6 1 ,0 0 0 54, 670,000 7 ^ ,7 8 5 ,0 0 0 1 , 212,000 1 9 1 1 ,0 0 0 1 .4 7 1 .0 0 0 282, 887,000 363, 5^,000 3 1 6 ,1 4 0 ,0 0 0 1 4 .6 2 6 ,0 0 0 _ _ 3 ,5 0 5 z P 0 0 1 1 .8 0 2 ,0 0 0 377, 3 ^3,0 0 0 3 1 7 ,5 1 3 ,0 0 0 325 , 645,000 36 2,000 * .......... 45 0,00 0 1 7 ,1 6 3 ,0 0 0 2 6 ,7 4 0 ,0 0 0 76 102 000 V ? „ 114 , 319,000 te.gg.O0P ^ .g M C O J 7| , qqq ^ 198,978,000 jlg.W 1 5 ,2 8 0 ,0 0 0 30,0 8 9 ,0 0 0 2 6 7 5 .0 0 0 6 1 8 ,2 5 3 ,0 0 0 2 0 ,0 1 4 ,0 0 0 1 1 ,9 8 2 ,0 0 0 4 .7 5 6 .0 0 0 6 1 3 ,5 2 3 ,0 0 0 5 5 ,6 8 2 ,0 0 0 ( a ) 26 , 5 1 5 ,0 0 0 ( a ) 5 ^ 2 ,243,000 5 5 ,1 8 3 ,0 0 0 5 ^ 2 7 7 ,0 0 0 4 9 2 ,0 0 0 ,0 0 0 ■>•>> U Jl& M O 1 ,0 3 3 ,0 0 0 46 4.00 0 7r— 6 1 8 ,2___ 5 3 ,0 0 0 J ' J J> lo ,120,000 1 ,6 9 2 ,0 0 0 251.00 0 6 1 3 ,5 2 3 ,0 0 0 L ' ° U 6 9 .1 $ 73* on Federal Reserve note^ in_C 3.rculation ( A)^ -- - J3-»l^----- 7n-n^Q_ rnrr (A) Less“ items~in transit between Federal reserve banks,viz: $30 ,6 0 4 ,0 0 0 30,0 89 ,0 0 0 11 OR? 0 'O 11,982,0-0 (a) Corrected figures. ± 9,0*48,000 13 , 868,000 26, 137,000 1 5 ,1 2 4 ,0 0 0 2 ,1 2 7 .0 0 0 6 6 ,3 0 4 ,0 0 0 4 5 ,2 0 4 ,0 0 0 3 ,8 4 0 ,0 0 0 1 5 ,8 9 2 ,0 0 0 1 5 1 ,2 4 0 ,0 0 0 21 , 731,000 1 7 , 515,000 1 .2 1 4 ,0 0 0 5 1 9 ,7 0 7 ,0 0 0 7 , 263,000 11 , 198,000 1 4 ,0 9 4 ,0 0 0 8, 978,000 ..._ u m ,o o s 43, 322,000 1 0 ,4 8 0 ,0 0 0 , » . «• . 25^ 181,000 7 9 ,1 8 3 ,0 0 0 15 , 680,000 1 2 ,3 4 2 ,0 0 0 1 , 162.000 4 2 7 ,8 8 0 ,0 0 0 5 4 ,8 4 3 ,0 0 0 5 4 ,8 3 4 ,0 0 0 35 , 291,000 15 , 000,000 4 1 7 ,3 4 9 ,0 0 0 9, 617,000 1 ,9 6 4 ,0 0 0 6 4 1 ,0 0 0 519 , 707,000 3 4 0 ,4 4 4 ,0 0 0 1 4 ,8 0 9 ,0 0 0 • *. • « m• » 2 ,7 9 1 .0 0 0 4 2 7 ,8 8 0 ,0 0 0 7 3 .0 $ 8 8 .7 $ 71-tf 73-2$ 7 4 .0 $ 17 , 515,000 ^ 0. 8$ 1 2 ,3 4 2 ,0 0 0 Rplpased for publication Sunday morning October 22, 1916- Not earlier. ^WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS OCTOBER (in thousands of dollars) Atlanta Chicago St.Louis Minnls. Kas. Cy.. Dallas Phila. Clevel. Richm. N. Y. Bos ton R E S 0 UR C E S . 13,403 15,170 4,339 4,027 29,793 4,973 6,213 4,098 3,560 154,461 $8,300 Gold coin and c e r tif.in vault 8,328 10,669 2,595 23,164 3,739 4,552 13,827 11,033 16,981 9,684 ■ 13,830 Gold settlement fund 159 118 224 200 71 30 229 50 72 250 5 Gold redemption fund 14,388 12,544 10,795 53,157 8,783 6,846 21,549 27,280 26,275 164,395 22,135 Total gold reserve 6 78 220 96 396 1.520 1.079 369 1,079 5.155 507 Legal tender n otes,silver,etc. 14.466 12.550 54.677 9.862 11.015 21.645 27.354 7.242 27.649 169.550 22.642 Total reserve —_ 50 - 370 bfo redempt. fund — F.R.bank notes 3,671 964 3,181 2,802 2,332 2,085 360 3,959 276 788 712 B ills discounted - Members 250 1.906 2.767 5.757 5.262 3.672 1.880 6.282 12.465 24,308 11 213 B ills bought in open market 3.921 2.870 6.853 8.559 7.594 4.852 5.839 6.642 25.096 12.741 11 925 Total b ills on hand 7,596 2,368 2,920 9,270 2,720 1,2 10 633 5,787 2,306 1,719 2,172 Investments: U. S. bonds 705 963 700 891 824 1,517 1,218 1,070 955 1,174 1,000 One-year U.S. Treasury notes 671 291 4.003 1.585 1,154 61 3,545 4.858 8.251 Ha»*±06 Municipal warrants 21.675 12.438 10.226 13.774 7.346 9,178 7.603 18.505 IQ ^79 36.021 19.766 Total earning assets 1,140 1,289 379 463 8,881 1,520 Federal reserve notes - Net— 3,722 7,026 6,252 1,056 42 2,586 1,794 277 Due from other F. R. banks — Net, 3,857 12,522 151 81 388 245 261 43 341 159 180 22.139 A ll other resources. 30.567 23.518 28.940 47. 6<35 227.154 48.037 48.373 29.333 19.267 84.912 TOTAL RESOURCES _ _ _ — _________ . l i a b i l i t i e s 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 All other lia b ilitie s TOTAL LIABILITIES ME MO R A N D U M . F. R. F. R. F. R. G o l d n o t e s i s s u e d n o t e s i n n o t e s i n a n d l a w f u l t o h a n d s t h e o f - 11,208 b a n k s m o n e y w i t h t o n e t a s s e t s C a r r i e d t o n e t l i a b i l i t i e s - - - — c i r c u l a t i o n C a r r i e d b a n k s 6,679 2,794 2,603 3,044 2,689 2,479 5,994 3,325 5,224 5,024 11,907 499 1,715 964 2,386 2,428 3,213 1,240 3,419 2,609 3,575 1,725 13,448 24,986 19,951 40,690 212,633 32,166 41,139 18,626 11,158 75,847 21,629 2,589 1,006 2,089 3,826 2,386 --- — — 1,032 - - 1,698 6,942 - _ —— 31 137 130 166 22.139 30.567 23.518 47.605 227.154 48,03?_ 48.373 29.333 19.267 84.912 28,940, — b. 20, 1916. S.Fran. Total 13,178 261,515 2,949 121,351 10 1,418 16,137 384,284 56 10,561 16.193 394.845420 - 235 21,365 6,930 82.692 7.1& L 104,057 2,634 41^335 680 11,697. 3.042 32,543 13.521 189.632 1 , Z-Z- (a) Items in transit i. e. A Q , I D A 3,920 55,682 26,116 2,343 25,829 538,102 11^896 --_ 1,032 —- 484 15 32.107 633.312 15,079 18,296 25,800 10,058 1,509 157 534 1.140 230,803 18.759 10,058 1,509 215,329 15,181 11.896 A g e n t ------- o u y 387(a)30,604 497 2.630 32.107 633.312 _ - - 3*060 6.000 t..-—--- — ------------------ - "total amounts due from less total amounts due to other Federal Reserve .Banks. I^&leased for publication Sunday morning October , Not earlier. 853 c * STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS OCTOBER 20, 1916(In thousands of dollars). N. Y . Phila^. Clevel. Richm. Atlanta Chicago S t . Louis M innls. K as.C y. Dallas S . Fran. $ 2 4 ,8 8 0 1 4 8 ,4 0 0 1 5 ,4 8 0 15,160 23,500 2 8 ,4 2 0 9,380 16,560 21,000 22,620 35,320 13,£80 3 7 4 ,6 0 0 5 ,6 5 2 4 6 ,3 4 8 5 ,2 5 3 3,0 11 5 ,5 8 6 3,308 1,320 1,976 651 1 ,7 1 1 3,760 1,262 79,83_6 19,228 102,052 10 , 227 12,149 1 7 ,9 1 4 25,112 8,060 1 4 ,5 8 4 20 ,34 9 20,909 31,560 12,618 2 9 4 ,7 6 2 In hands of F . R. Agent 8,020 22,360 2 ,4 0 0 3,300 2,650 3 ,4 8 5 4 ,8 8 1 660 5 ,2 7 0 2,613 5,760 2,560 6 3 ,9 5 9 Issued to F. R. Bank less amount returned to F. R. Agent for redemption 1 1 ,2 0 8 79,692 7 ,8 2 7 8 ,8 4 9 1 5 ,2 6 4 21,627 3 ,1 7 9 1 3 ,9 2 4 15,079 18,296 25,800 10,058 230,803 10,500 76,015 3 ,8 2 0 8,300 5,065 11,980 4 ,2 7 0 1 0 ,3 4 0 3,677 447 549 702 749 986 1 ,3 3 4 468 11,289 2 ,9 5 0 4 ,8 1 0 2,350 11,500 11 ,3 8 0 9 ,5 9 0 6 9 ,1 9 0 -- 3 ,3 4 7 --- 1 ,5 4 0 2,7 4 6 — 1 5 ,4 7 4 1 8 ,2 9 6 2 5 ,8 0 0 1 ,7 6 1 3 ,0 0 4 Boston Federal Reserve Notes: Received from the Comptroller Returned to the Comptroller Chargeable to F , R. Agent ^A m ount held by F . R- Agent in reduction of l i a b il i t y on outstanding notes: On h a n d :• Gold coin and c ertific ates ^ i t h Federal Reserve Board As security for-outstanding notes Commercial paper TOTAL O CO ,>4 Credit balances: In gold redemption fund ^ 22, 1916. — 3 ,5 6 0 --- — 11, 208 Amount of commercial paper delivered to Federal Reserve Agent - - http://fraser.stlouisfed.org/ V Federal Reserve Bank of St. Louis — 79,692 7 ,8 2 7 8 ,8 ^ 9 4,560 444 996 10,500 1 2 ,5 5 0 4 ,3 2 0 3,521 1 5 ,2 6 4 21,627 4 ,7 0 3 3 ,5 2 2 229 3*179 1 3 ,9 2 4 3,348 15,079 --- Total 1 3 4 ,8 5 0 10,058 - - 2 3 0 ,8 0 3 16,338 * 863 Released for publication Sunday morning Oct. 29, 1916. Not earlier. STATEMENT FOR THE PRESS. October 28, 1916, Gains of over 13 m illions in total reserves and in net member bank deposits and a large increase in the amount of acceptances held by the Federal reserve banks are indicated by the weekly bank statement issued io-day by the Federal Reserve Board as at close of business bn October 27, 1916.* Gold reserves show art irtcrease for the week of 1 3 *7 m illio n s. Aggregate gold holdings of the sys tem, including the amounts held by the Federal Reserve Agents against notes issued are now $ 6 1 7 ,4 8 1 ,0 0 0 , a gain of nearly 125 m il lions for the l a s t s ix months and of over 192 m illions for the past year. A ll the banks except Philadelp hia, Chicago, Dallas and San Francisco report larger gold reserves than the week before, Boston reports an increase of 2 ,9 m illions in its gold holdings, the re sult of liq u id a t io n of acceptances and warrants, also of the reduc tion in the balance due from other Federal reserve banks. New Y o rk's gain of gold for the week, 1 3 .8 m illio n s , is due chiefly to transfers to its account on the b^oks of the Gold Settlement Fund of balances due from other Federal reserve banks and to a smaller extent to increased Government and member bank d ep osits. In the case of Kansas City the increase of gold by 3 .3 m illions is due to increased deposits and the reduction of its favorable balance in account with other Federal reserve banks, while the increase of gold reserve shown for the St,L o u is bank is due chiefly to an in crease in d e p o sits. ,’ThR reductions in gold reserve noted result chiefly from transfer£/t§°o xher Federal reserve banks through the Gold Settlement Fund, ' and in the case of Chicago from net withdrawals of member bank deposits. Discounted paper on hand decreased $ 2 3 4 ,0 0 0 , the larger ag gregate decline reported by the 3 southern banks being offset in part by increases shown for the Minneapolis and New York banks. The to tal discounts include the amount of $ 1 ,0 9 9 ,0 0 0 advanced to 8 member banks against th e ir own collateral notes. Acceptances on hand total $ 8 6 ,0 8 5 ,0 0 0 , the largest amount ever shown in the Board's weekly statements, and represent a gain of 3 ,4 m illions for the week. Largely increased holdings of this class of paper are reported by the Cleveland, Chicago, Dallas and San Francisco banks. Of the total b i l l s , including acceptances, on hand 3 4 ,8 per cent mature w ithin 30 days and 3 6 .5 per cent after 30 but w ith in 60 d ay s. I - 2 - 863 Transactions in United States securities are reported by 9 banks, resulting in decreases of $8 66 ,0 0 0 in the amount of bonds and of $ 2 6 2 ,0 0 0 in the amount of Treasury notes on hand. Liquida tio n on a large scale of maturjd warrants is mainly responsible for the decrease of $ 2 , 653,000 in the total holdings of municipal war rants. Total earning assets are given as slig htly over I 89 mil lions which is 339 Per cen^ ^'ne total paid-in capital of the banks, as against 341 per cent shown the week before. Of the total earning assets 45.5 per cent is represented by acceptances; 2 1 .4 per cent by United States bonds; 15*8 per cent by warrants; 1 1 .2 per cent by discounts, and 6 . 1 per-cent by Treasury notes. Government deposits increased $ 3 ,8 6 6 ,0 0 0 , a l l the banks ex cept Boston reporting larger Government funds on hand. A ll the banks except Boston and Chicago report considerable gains in net menbef bank d e p osits. Federal reserve bank notes in circulatio n are given as $1,03100 0 , a slig h t decrease for the week. The total of Federal reserve notes issued to the banks by the Agents is $ 2 3 4 ,8 7 6 ,0 0 0 ne t, or $ 4 ,0 7 3 ,0 0 0 in excess of the to tal shown the week before. Against this to tal the Agents hold $ 2 19 ,502 ,,0 00 of gold and $ 1 5 ,8 1 7 ,0 0 0 of commercial paper. The banks report a to tal of $ 2 1 4 ,6 2 2 ,0 0 0 of Federal reserve notes in actual circulation and aggregate l i a b i l i t i e s of $ 1 1 ,9 6 6 ,0 0 0 on notes issued to them by the Agents. f ^T A T E ffiN ^O T C O M B ^ Q^*2 THE T”*ELVE FEDERAL RESERVE BANKS OF THE UNITED STATES AT CLOSE OF BUSINESS OCTOBER 27,191b . R E S O U R C E S ° ^ l e 0 0 ? X 0 916 ^ H l f o o o 9'16 2 b l ,5 5 , Gold coin and c e r tific a te s in v a u l t . . . . . .............. ...................... $ 2 7 4 ,0 0 1 ,0 0 0 Gold settlement f u n d ................................................ .................. 1 2 2 ,5 8 7 ,0 0 / £ L ' 000 1 , 3 9 ; , QOS >284*000 Gold redemption fund w ith United States T r e a s u r e r ................ 102 9 1 1 ,0 0 0 1 Q18 000 3 6 4 ^ 6 0 000 Total gold reserve................................................................ 5 9 7 ,3 1 9,°°° 3i o ' l l 000 16 ^ 0 0 0 Five ps** cent redemption fund against P. R. banlc notes....... 1)07,955,000 1*20,000 39it,8U5,000 1*20,000 3 8 1 ,^ 9 ,0 0 0 1*50,000 « & = T I H rs I s : : : : : : : : : : = : : : : : : : : : K : : : : : : : : t 90 ay» . .................... ••• ; t n v e ^ r u n ^ d ' s t a t e s ' i o n d s : : : : : : : : . . . : .........................^ , O n e - y e a r U n i t e d States Treasury n o t e s ......... .. , t l ^ M " L r r “ t a ............................................. . i g Due from Federal reserve banks - Net........................................ m s i t e ■ } A ? (, I . L 1 T 1 E S ....................................... Capital paid m . .................................................... Government d e p o s i t s . . . . . . . ................................................... .............. Z t l h 3S ” Federal reserve o hank S 1 j r\r\ Over = ^ ^ no tes ^ in c i r c u l a t i o n . . . . . . . . . . . . . . . . . . f f f l i s p i i 8 non 10 7 ’ 216 ! ooo S K 1 210 000 loH ,057,000 335,000 * im s x 5 ^ L 3H 5 ' n n n r a rr 7 0 , 000 ?Q'qQ?'’ noo 55A : & ° o 1 ,0 3 1 ,0 0 0 1 1 ,6 9 7 ,0 0 0 v A .™ s » ^ , 8 0 T » 000 111, 01*8,000 m 1 1 ,4 3 5 ,0 0 0 A11 °T0TAL L IA B IL IT IE S .........................................; . . . . . . . . . . • • • • • $651 ,1 3 6 ,0 0 0 Gold reserve against net deposit ?*nd note l ia b il it ie s ( A ) . . 7 1 .0 $ Cash reserve against net deposit and note l ia b il it ie s ( a ) . . 72 . 8$ Cash reserve against net deposit lia b il it ie s after setting aside HO* gold reserve against aggregate net liabilities « m 7 ,9 2 5 ,0 0 0 ^ M o M O O 7 5 ,4 2 1 ,0 0 0 1 .^ 7 .0 0 0 3 1 1 ,1 8 2 ,0 0 0 ° C2 1 8 ! 2 2 M 0 0 1 5 ’ 6l , 9 6 0 ,0 0 0 1 .2 2 2 .0 0 0 2 8 1 ,4 0 6 ,0 0 0 12.011.000 -17.058.000 3 1 8 ,^ ,0 0 0 362,000 i S ? S | <-* ' i i ‘ HOo >000 69,033,000 M g nnn f f g l 1*!*,067,000 ' ?k OlU 000 i i S 20,308,000 » .w £ o » ^ . t IU',000 1*'.17i ! o OO T.6 ^ 0 0 0 55 , 206,000 5 6 ,5 4 2 ,0 0 0 4 9 1 ,2 6 6 ,0 0 0 5 4 ,7 9 3 ^ 0 0 0 4 0 ,6 6 0 ,0 0 0 4 1 3 ,0 1 1 ,0 0 0 5 4 ,8 3 8 ,0 0 0 1 5 ,0 0 0 ,0 0 0 343,554,000* 101220m 8, 851,000 13 , 918,000 ^ i ^ 'o o o ' 262'!000 W .0 0 0 2 ,6 4 1 ,0 0 0 633,3 * 2 ,0 0 0 615, £q*q«£ 69. 9/ 72 2 $ 8 7 .5 # 2 'o w 'o o o s s 1.29,951,000 5 5 ,6 8 2 ,0 0 0 2 6 ,1 1 6 ,0 0 0 5 3 8 ,1 0 2 ,0 0 0 I m o o 70. $ 7 2 .4 % 19,723,0 00 Id.dj . ^ on Federal reserve_notes_in circulation ( A -- - J-L‘ 2 /’ -------- A ' ^ - « ----- T o ------ ik Ken n n o ---- a X aT Less items in tra nsit between Federal reserve banks - v i z : $ 3 3 ,1 9 7 ,0 0 0 3 0 ,6 0 4 ,0 0 0 1 2 ,6 2 0 ,0 0 0 1 4 ,6 5 8 , ,;>33, i 2 j lQ2 J yQQ 000 " Released for publication Sunday morning October 29, 1916. Not earlier. 863 b. %■ WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TT'TELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS OCTOBER 27, 191b. p p q Q T T R C E S Boston N. Y . (in thousands of dollars) PHila- C level. Richrru Atlanta Chicago St. Louis Minnls* Kas.Cy* Dallas S .F ra n . Total Gold coin and certif! in vault $9,765 165,189 19,553 15,736 5,395 5,133 26,356 5,003 5,937 5,101 3 , 582 11,272 274,001 Gold settlement fund 15,225 13,758 l,-89l 11,953 18,615 ,2,555 22,658 6,28 1 5,955 11,617 10,355 2,836 122,587 Bold redelation fund 5 250 50 69 212 220 200 70 30_____ HZ____ -158___ ___10-- L 3 91_ Total gold reserve 25,995 178,197 21,385 27,758 23,222 6,858 59,255 11,355 10,921 15,835 l5,085 15,118 397,979 LeFal tender notes, silver, etc. 702 5,231_____ 555___1,118______ 12____ J80_____ 585___ LlQ56_____ 2l6--- 36-- 170 .9^9I| _ Total reserve 25,696 183,523 21,828 28,876 23.299 7,238 59,739 12,510 11,137 15,871 15,255 15,179 5$ redeir.pt. fund - F. R. b?.nk notes------370 50 -0 Bills discounted - Members 571 1,092 357 355 3,758 3,020 2,952 2,397 2,533 798 3,173 235 21,131 Bills bought in open market 10,5l0 2.5,555. 12,517 6,812 1,826 3,307___6,560___5,555___ 3,038--LJ13--- U Q -8,503 , S J t 'Q 3 ~ Total bills on hand 10,881 25,637 12,77 5 7,16 7 5, 585 6,827___ 9,502 7,851.. 5,571 3,883 8,638 *0lJgS•Investments: U. S. bonds 2,132 1,513 2,176 5,737 523 1,210 7,536 2,358 2,870 9,270 2,720 2,634 50,569 One-year U. S. Treasury notes 1,000 1,205 1,175 718 1,070 825 1,517 891 700 963 70? 668 11,535 Municipal warrants _JuI3§____ lM > ___ L ^ O ___ 5^11______ 6l_____ 2 2 1 _ 1*125___ 1,429 1,609 -5| |..-jL f g S ' W r Total earning assets 17,751 35,891 19,5o5 18,233 7,238 .9,152 22,150 12,5Q9 10,750 13,.806--793 Federal reserve notes - Net 1,507 10,750 520 352 --1,299 -817 --1,711 lb, 84b Due fronf other F. R. banks - Net 1,137 1,852 1,525 1,912 372 3,798 9,569 6,323 1,523 2,287 839 2,Q7Ka)33,197 All other resources . 125~ . . 253______ Z2_____ 252_____ ^3_____ 325_____ 525_____ ^----- 33--- 122--1488 373 3, 7.Q8 TOTAL RESOURCES 56.116 232,155 53,353 59,610 3C,9o2 20,583 83,181 31,589 24,266 32,531 23,604 33^Ui— °51A3P.. CanitLApaid in1 T 1 E S '* Government deposits Member bank deposits - Net 5,025 1,668 39,257 Federal reserve notes - Net F. R. bank notes in circulation Due to other F. R- banks - Net All other lia b ilitie s TOTAL LIABILITIES -• __ 167 11,909 5,178 216,052 5 6 ,1 1 6 25 2 3 2 ,1 5 5 1 1 ,1 2 1 81,831 1 ,5 0 7 9 ,7 1 5 1 0 ,7 5 0 7 1 .0 8 1 1 1 ,1 2 1 1,507 5,225 5,995 3,350 2,579 6,679 2,795 2,605 3,055 2,690 3,921 3,919 1,399 3,905 ■3,587 2,553 2,64o 998^ 826 x,826 2,678 35,075 52,217 19,659 12,228 75,059 23,693 20,663 26,595 16, 9 ^ ^ 6 , ^ _ _ 3,925 2,352 -2,556 -1,031 2,203 -_ _ 1-_ --1,031 --136 _ _ 155 53,353 5 9 ,6 1 0 30,962 1 0 ,7 5 0 520 8 ,7 9 7 352 8 ,5 5 5 8 ,7 9 7 352 15,626 81,831 8 ,5 7 3 520 7 ,9 5 3 8 ,5 7 3 37 20 ,583 — — — 83,181 M E M O 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 net lia b ilitie s (a) Items in transit i. e 296 1 5 ,3 3 0 1 1 ,5 06 22,095 1 ,1 6 9 20.926 1 8 ,5 7 5 3 ,2 2 5 .2,3.52 3 ,1 7 5 1,2 99 1,8 76 3 ,1 7 5 1,2 99 ■4- 1 - — - - - 2 5 ,266 32..511 15,515 1 3 ,9 1 6 891 .... 817 13,025_ 1 5,598 1 5 ,5 1 5 1 0 ,5 6 9 817 .2,5.56 18,276 3 1 ,5 89 *a m m T n + c i 13 - n f } f.n 2 3 ,6 6 5 2 5 ,7 8 3 5.09 ,.S 5 l _ 17 ,.7.6Z_ 2 5 , 250 16,736 2 3 ,0 3 7 55,703 -9,982^51,918 11,966 1,031 53b _ 2b ,.3L..12Z_ 6 5 1 ,1 3 6 10,368 235,876 1 ,7 1 1 8 .6 5 7 2 0 ,2 5 5 2 1 5 ,6 2 2 ^ 19,502 1 6 ,8 5 6 10,368 1 ,7 1 1 2 ,2 0 3 . k P 3i_ n t , .her Fede ral rese rve bank b 11.966 m Released, for publication Sunday morning October 29, 1916. ^ STATEMENT OF FEDERAL R U S E I . V E Not earlier. A G E N T S ' ACCOUNTSAT CLOSE OF BUSINESS OCTOBER 27, 1916. ( I n Boston Federal Reserve Notes: Received from the Comptroller Returned to the Comptroller N* Y Phila* Clevel, $24,880 148,400 15,480 S63 c. . t h o u s a n d s o f d o l l a r s ) Richnw Atlanta Chicago St-Louis Minnls, Kas. Cy* Dallas 15,16 0 23,500 29,420 S*Fran* TOTAL 14,440 378,760 9,380 18,560 21,000 23,220 35,320 1,731 3,776 1,5 12 81,194 21,489 31,544 12,928 297,566 5,739 ^7,009 5,327 3,063 5,724 3,340 1,324 1,984 665 19 , 11*1 101,391 10,153 12,097 17,776 26,080 8,056 16 ,576 20,335 In hands of F. R. Agent 8,020 19,560 1,680 3,300 2,150 3,985 4,881 2,660 4,920 3,213 5,761 2,560 62,690 Issued to F. R. bank less amount returned to F. R. Agent for redemption ' 1 1 ,1 2 1 81,8 3 1 8,1+73 8,797 15,626 22,095 3 ,175 13,916 15 ,4 15 18,276 25,783 10,368 234,876 Amount held by F. R. Agent in reduction of lia b ility on outstanding notes: On hand: Gold coin and certificates 10,500 78,815 3,820 8,280 4,270 10,340 621 3,016 473 517 Chargeable to F. R. Agent Credit balances: In gold redemption fund Tfith Federal Reserve Board — - - 4,180 _ _ As security for outstanding notes: Commercial paper Total 1 1 ,1 2 1 Amount of commercial paper delivered to Federal Reserve Agent - * 8 1,8 3 1 8 , 1+73 8,797 4,560 5,065 12,330 137,980 UOb 964 225 694 735 96b 1,3 17 458 10,392 11,000 13,050 2,950 4,810 2,350 11,500 11,380 9,910 7 1,13 0 4, 220 3 ,52 1 1,540 2,746 ---- 15,374 15,626 22,095 3,175 18,276 25,783 10,368 4,240 3,525 - - 1,643 3,0 61 ---- — 3 , 3^7 13 ,9 16 3,3^8 - - 15 ,4 15 - - 234,876 15,817
@FedFRASER