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4. Re-la as ed f o r p u b l i c a t i o n Sunday morning November 13, l $ l o . Not e a r l i e r . ( t |S79j STATEMENT FOR THE P R E S S . November 18, 1 9 1 6 . Transfers of the l a s t instalment of r e s e r v e s by member banks outs i d e of c e n t r a l reserve c i t i e s , due on November l 6 , account f o r the cons i d e r a b l e incre-aties i n Federal r e s e r v e banks' gold and cash r e s e r v e s and i n t h e i r net bank d e p o s i t s ) as i n d i c a t e d by the F e d e r a l Reserve Board's weekly bank statement as at c l o s e of b u s i n e s s on November 17/ 1916. Judging from the l a r g e i n c r e a s e i n the amount of items i n t r a n s i t between Federal reserve banks, a considerable p o r t i o n of the a d d i t i o n a l r e s e r v e s must have been d e p o s i t e d by member banks i n the shape of checks and d r a f t s on New York and other r e s e r v e c i t y banks. Eight banks report an aggregate g a i n of cash r e s e r v e f o r the week of $ 4 3 , 6 7 5 , 0 0 0 . Dec r e a s e s i n c a s h r e s e r v e s Of $5#598>000 reported by four banks are more than f u l l y o f f s e t by i n c r e a s e s i n the amounta due thedd banks from Other Federal r e s e r v e banks* bf the $38,0"/7,000 added during the weak t o the banks' cash r e s e r v e s j $28,809/000 was gold and $9,268,000 s i l v e r and l e g a l s * The New York bank r e p o r t s a t o t a l g a i n i n reserve. Of $ 2 2 , 1 9 1 , 0 0 0 , of which $9,469>000 r e p r e s e n t s the a d d i t i o n of s i l v e r and l e g a l e t o the bank's r e s e r v e * Owing t o large discount o p e r a t i o n s reported by the Boston bank, the aggregate of discounted paper on hand shows a gain f o r the week of $324,000, n ot wit h s t an d in g the s m a l l e r t o t a l s g i v e n by the three Southern banks* Acceptances on hand i n c r e a s e d $ 6 , 8 7 6 , 0 0 0 , a l l the banks except Boston r e p o r t i n g l a r g e r h o l d i n g s of t h i s c l a s s of paper than the week before* Of the t o t a l b i l l s - i n c l u d i n g acceptances - on hand about 35 per cent mature w i t h i n 30 days and over 39 per cent a f t e r 30 but w i t h i n 60 days. Transactions i n United S t a t e s s e c u r i t i e s are reported by a l l the banks e x c e p t A t l a n t a , r e s u l t i n g i n an i n c r e a s e by $262,000 i n the amount of United S t a t e s bonds and a decrease by $180,000 i n the amount of Treasury n o t e s on hand. Further l i q u i d a t i o n of municipal warrants accounts f o r the decrease by $2,097>000 i n the amount h e l d . Total e a r n i n g a s s e t s are about $ 5 , 1 8 5 , 0 0 0 l a r g e r than the week before and c o n s t i t u t e 335 par cent of the banks' p a i d - i n c a p i t a l , compared w i t h 325 P©r cent the week b e f o r e . Of the t o t a l earning a s s e t s 52*4 per c e r t i s represented by acceptances; 2 1 . 0 per cent by United S t a t e s bonds; 1 0 . 6 per cent by d i s c o u n t s ; 1 0 . 0 per c e n t by warrants, and 6 per cent by Treasury n o t e s . Government d e p o s i t s show an i n c r e a s e f o r the week Of $1,832,000 Boston and Chicago r e p o r t i n g large g a i n s under t h i s head. The g a i n i n net member bank d e p o s i t s i s $65,79^,000, which i s approximately t h e amount of the l a s t vjsiaT.ve instalment due on November l 6 < The e x a c t amount paid i n oa account of t h i s instalment i s unknown, s i n c e many member banks have been carrying and continue t o carry e x c e s s balances with t h e i r Federal r e s e r v e banks and t h e i r payments on account of the "transfer i n s t a l m e n t due can not be a s c e r t a i n e d . No change i s shown i n t h e c i r c u l a t i o n of Federal r e s e r v e bank n o t e s . A t o t a l of $255,702#000, n e t , of Federal r e s e r v e n o t e s i s shown t o have been i s s u e d t o the banks, an i n c r e a s e f o r the week of $ 7 , 8 2 9 , 0 0 0 . Against this.amount the Agents hold $238,458,000 of gold and $17,833,000 of paper. The banks show$238>670,000 of Federal r e s e r v e n o t e s in c i r c u l a t i o n and a net l i a b i l i t y of $ 1 4 , 4 6 8 , 0 0 0 upon n o t e s i s s u e d t o them by the Agents. Released for publication Sunday morning November 19, 1$16. Not e a r l i e r . gyg a STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BA'TKS OF THE UNITED STATES AT CLOSE OF BUSINESS NOVEMBER 17, 1$1&. "%-R Gold Gold Gold ESOURCES . coin and c e r t i f i c a t e s in vault settlement fund redemption fund with United S t a t e s Treasurer Total gold reserve . Legal tender n o t e s , s i l v e r , e t c . Total reserve Five per cent redemption fund against F> R. tank notes •Bills discounted and bought: Maturities: Within 10 days From 11 to 30 days " 31 t o 60 days ' o l t o 90 days. Over 90 d a y s . . Total.......... Investments: United s t a t e s bonds One-year United S t a t e s Treasury n o t e s . . . Municipal warrants. -i Total earning a s s e t s Federal reserve notes - Net Due from Federal reserve banks - Net... A l l "ther rosy tiroes ;10IAL_P.,SOURCES. L I A B I L I T I E S Capital paid G-ovemmeriv d e p o s i t s . Member bank deposits - Net. Federal reserve notes - Net Federal reserve bank notes in c i r c u l a t i o n A11 - November 17, 1916 November 10, 1916 $293,441,000 265,897,000 140,821,000 139,571,000 1.181.000 1.168.000 ^35,645,000 406,836,000 16.580.003 7.112.000 452,225,000 4l4,148,000 470,000 450,000 ' . 11,180,000 11,807,000 29,242,000 23,315,000 45,982,000 45,511,000 29,506,000 28,073,000 1,521,000 1.587.000 117,493,000 110,293,000 39,115,000 38,853,000 11,167,000 11,347,000 18,597,000 20.694.000 186,372,000 181,187,000 14,256,000 17,613,000 59,773,000 35,065,000 6,121,000 2.481.000 $719,217,000 650,946,000 55,704,000 2^,171,000^ 622,254,000 14,468 0 0 0 . l,032._-?00 a$719,217,000 72-3f 75-1$ TOTAL LIABILITIES.... ; Gold reserve against net deposit and note l i a b i l i t i e s ( A ) . . Cash reserve against net deposit and note l i a b i l i t i e s ( A ) . . Cash reserve against net deposit l i a b i l i t i e s a f t e r s e t t i n g aside kofi gold reserve against aggregate net l i a b i l i t i e s _cn Federal reserve notes i n _ c i r c u l a t i o n _ ' ^ A l . ^ . ^ . ^ . ^ . ^ . ^ . ^ _ _ j6_.0$ ->(A) Less items in t r a n s i t between Federal reserve banks,viz: $59,773,000 ~ 55,710,000 • 23,339,000 556,462,000 13,886,000 1,030,000 519,000 650,946,030 72.8$ 74-1$ 75-0$ 35,065,000 August 18, 1916 260,926,000 110,001,000 1.991.000 372,918,000 16,998.000 389,916,000 500,000 ' 8,163,000 29,267,000 42,400,000 24,584,000 2.480.000 106,894,000 47,029,000 7,885,000 27,788,000 189,596,000 19,887,000 21,068,000 1.226.000 624,193,000 May 19, 1916 November 19,1915. 246,812,00 0 245,400,000 77,971,000 69,345,000 __ „1 ^825,000 1.212.000 326,608,000 315,977,000 17.697.000 12.171.000 344,305,000 348,150,000 394,000 ' 8,849,000 4,603,000 17 , 286,000 12,320,000 25,3^6,000 15,835,000 17,108,000 9,018,000 1.406.000 1.171.000 71,995,000 45,149,000 51,837,000 12,674,000 3,840,000 44.482.000 27.519.000 172,154,000 85,342,000 26,472,000 18,792,000 19,448,000 15,827,000 5,598.000 1.662.000 568,371,000 471,773,000 55,110,000 49/717>000 505,090,000 12,295,000 1,691,000 ' 290•!000 624,193,000 68.3$ 71.4^ ' $4,870,000 40,475,000 463,022,000 8,018,000 1,736,000 250.000 568,371,000 66.4$ lo'.Qi 54,854,000 15,000 000 384,997^000 12,923,000 . ... 1,999,000 471,773,000 79-6$ 87.7$ . 70,5% ' 19,448,000 go,3^ 157827,000 72-1# 21,068,000 A Released f o r p u b l i c a t i o n Sunday morning November 19, 1916. Not e a r l i e r . 879 b. ,tT EEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS NOVEMBER 17, 1916. ( i n thousands of d o l l a r s ) ESO J R C E S . Boston N. Y. Phila C l e v e l . Richm. Atlanta Chicago St.Louis Minn I s . Kas.Cy. Dallas S.Fran. Total Gold c o i n and c e r t i f . i n vault $13,518 175,24] 18,755 16,233 4,4715,360 27,004 7,680 7,230 4,613 4,129 9,205 293,441 5 , 0 3 1 13,961 14,539 18,951 3,652 26,941 6,040 8,197 14,072 11,733 5,543 140,821 Gold settlement fund 12,161 Gold redemption fund 5. 250 50 60 209 247 200 52 30 111 157 10 1.181 Total gold re-serve 25,684 180,524 32,766 30,832 23,631 9,259 54,145 13,772 15,457 18,798 16,019 14,758 435,645 Legal tender n o t e s , s i l v e r , e t c . 153 12,328 311 1.074 72 l4l 649 1,155 _• 201 „ 51 ' 163 70 Id 580 , ? ° t a l reserve - 2 5 , 8 4 3 192,85 2 33,077 11.906 23,701 9.600 54.794 14,927 15.664 18,849 16,182 14.828 4S2.PP.5~ redempt. fund - F. R. tank notes __ __ 2 370 100* T~I ' B i l l s discounted - Members 2,916 1,198 513 264 2,966 2,700 3,004 1,979* 1,297 770 1,812 285 19 704 B i l l s bought i n open market 13,284 32,048 12,575 6.519 1.444 4,803 6,208 4,855 2,871 1,701 1.048 10,409 97^789 Total b i l l s on hand 16,200 33,246 13,088 6.801 4.410 7.501 9,212 6.814 4.170 2.47 1 2.860 10.694 117 491 Investments: U. S. bcMs 1,388 123 1,670 6,654 18 1,210 7,213 2,278 2,467 9,191 4,270 2,633 39TI15 One-year U. S. Treasury notes 1,000 1,205 1,174 618 1,070 824 1,517 891 700 963 705 500 11 167 Municipal warrrzits l,46j 4-955 1,651 1.671 6l 292 2,252 623 1,193 l4?'. 77 2,011 18'597 Total earning a s s e t s 20,055 39,52? 17;581 17.746 5,559 9.829 20,194 10,626 8,530 12,971 7,912 15,818 186.172 Federal reserve notes - Net 95 4 8,409 904 316 - 1,067 904 - ' 1/702 14 256 9,662 - - 7,928 1,708 4,019 15,833 7,533 3,757 • 4,319 1,670 5X3^59^773 Due from other P. R. banks - Net A l l other resources 24 1,748 84 298 112 147 544 229 28 194 151 l42 6.121 s V .TOTAL RESOURCES 56,538 244,518 51.648 58.194 11.102 21,595 92.412 11,115 28.881 16.7J1 26.215 18.111 719.217 L I A B I L I T I E S . Capital paid in Government d e p o s i t s Member bank u s P o , v t j - Nst Federal re;e.~n noias - Net F. R. brrJ. te ; ; i n c i r c u l a t i o n Due to other #« banks - Net A l l other l i a b i l i t i e s TOTAL LIABILITIES 5 , £X06 2.583 48,7 39 229.-339 - - - - 231 210 G5 56,538 244,538 MEMORANDUM. F. R. notes issued t o the banks 11,280 89,176 F. R. notes m hands of banks 954 8,409 F. R. notes i n c i r c u l a t i o n 10,326 80,767 Gold and lawful money with Agent 11,280 89,176 Carried to net a s s e t s 954 8,409 :.i Carried t o net l i a b i l i t i e s _ _ _ _ _ — ^o; Overdraft. (a; Items in t r a n s i t i# 41,122 . . - 1,828 146 51.648 12,255 904 11.151 12,255 904 — e* t o t a l 50,738 . .. - - - 58.194 8,580 ll6 8.?64 8,580 316 22,867 2,676 - - 17 11.102 13,840 3,839 __ ' 49 21,595 82,755 - __ 21 92,412 24,223 4,773 __ __ - 11.115 25,496 - __ __ - 28,881 31,575 1,060 1,030 - l6,701 19,760 2,120 - 1 820 1 26,215 31,800 - - 4q 18.111 55,704 25,171 622,254 14,468 1 030 L *503 719.217 17,581 23,349 3,152 16,734 17,723 19,600 24,806 11,466 255,702 464 1.082 1,067 514 904 580 76 1.7Q2 17 012 17.117 22,267 2,085 16.160 16.819 19,020 24.710 9,764 218!670 l 4 , 4 4 l 18,428 3,152 11,387 1 7 , 7 2 ] 17,960 22,610 11,466*'218 458 - - 1,067 - 904 - - 1,702 14 256 2.676 1,319 - 4.771 - I.060 2.120 -14.468 amounts due from l e s s t o t a l amount3 due to other Federal reserve banks Released for p u b l i c a t i o n Sunday morning November 19, 1516. Not e a r l i e r . 879 C. STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS NOVEMBER I f , i g i 6 . (In thousands of d o l l a r s ) Federal Reserve Notes: Received from the Co mptroller Boston N. Y- Phila• Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas. Cy. Dallas S.Fran. $24,880 153/400 17,940 15,l60 25,003 .29,920 9,380 20,580 22,500 24,220 35,320 14,920 393,220 6,620 47,904 5,685 3,280 6,069 3,546 1,347 2,266 757 1,907 4,003 1,554 84,938 18,260 105,496 12,255 11,880 18,931 26,374 8,033 - - 3,330 1,353 3,025 4,881 17,581 23,349 3,152 Returned to the Comptroller Chargeable to F. R. Agent In hands of F. R. Agent 6,980 16,320 Issued to F. R. banks l e s s amount r:turned t o F. R, Agent for redemption 11,280 89,176 12,255 8,580 Amount held by F. R. Agent i n reduction of l i a b i l i t y on outstanding n o t e s : Oh hand: Gold coin and c e r t i f i c a t e s 10,600 87,053 3,820 8,123 680 2,123 675 46o 341 1,258 7,760 — - 14,130 13,710 3,140 4,921 Crodit balances: Tr ^.old redemption fund With Federal Reserve B-ard — —- As security for outstanding notes: Commercial paper Total Amount of coha.ercial paper delivered tc Federal Reserve Agent 11,280 89,176 12,255 8,580 3,507 4,933 6,511 1,030 52,580 16,734 17,723 19,600 24,806 11,466 255,702 202 913 843 2,950 - - 13,366 305,282 2,713 13,330 3,152 22,313 31,317 4,020 1,580 5,164 3,460 17,581 23,349 18,314 21,743 Total. 4,270 10,340 146,157 790 1,190 4l6 9,891 5,310 3,550 12,900 11,080 11,050 82,410 5,347 i,64o ?2,190 19,600 24,806 1,651 2,395 16,734 17,723 5,347 -- y,244 11,466 - - 255,702 17,833
@FedFRASER