The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
•
•
oleased for publication Sunday corning April 1, 1217*
-'°'t earlier.
STATEMENT FOP. THE PRESS.
March
31, 1517..
Additional Federal reserve nota issues and substantial gains in
re serve dep os it s dur ing t he pas t we ak are ch ie f ly r espons i Tole for
the increase of about 26 millions in the combined gold resources of the
system, indicated in the weekly tank statement made public today by the
Federal Reserve Board, as at close of business on March 30 , 1917- The
total gold held by both the Banks and the Agents stands now at over
933 millions, having increased 200 millions oince the beginning of
the year#
During the sane period the net amount of Federal reserve
notes outstanding increased by 82 millions, while the earning assets
of the banks decreased by 54 millions# Of the remaining 64 millions
of gold gained by the system by far the larger portion apparently has
come to the banks in the shape of member bank deposits#
Large gains in gold reserve are reported by the New York, Cleve
land, St# Louis and Minneapolis banks, partly through transfers of
gold credits from the Philadelphia and Chicago banks* New Yorkfs gain
of over 12 millions in cash reserve is accompanied by an increase of
about 6*8 millions in reserve deposits, the liquidation of 2.6 millions
of earning assets, mostly acceptances, the redemption of 3*3 millions
of mutilated Federal reserve notes, and an increase of 1*9 millions
in the amount due to other Federal reserve banks.
Liquidation of
investments and in some cases also gains in depositsao-count for the
increases in reserve shown for the other banks*
Discounted paper on hand increased about 1*6 millions, the larger
increase reported by the Boston bank being offset to a large extent
b}r considerable liquidation of this class of paper by the Cleveland
and Chicago banks* Of the total given, 3 *^ millions is represented
by 15-day collateral notes discounted for members by 9 reserve banks.
About 3*3 millions, net, of acceptances were liquidated during the
week, though Boston reports a large net addition to the amount of bank
bills held#
No changes are indicated in the holdings of United States
bonds, while 3 banks report a total of $393*000 of Treasury notes sold
during the week#
Municipal warrants on hand show practically un
changed amounts* Total earning assets are nearly 168 millions and^
constitute at present about 3 OO per cent of the banks1 paid-in capital,
compared with 3 O3 P®1* cent the week before, and about 400 per cent at
the beginning of the year* Of the total held at present,acceptances
constitute 50*3 Per cent; United States bonds, 17*4 per’ cent; discounts,
12.0 per cent; Treasury notes 11*0 per cent; and warrants 9*3 Per cent>
Government deposits show an increase of $865^000, the larger gain
reported by Chicago being due chiefly to a transfer of funds from the
San Francisco bank*
Member bank reserve deposits went up by 9*3
millions, mainly at the Boston and New York banks*
Federal Reserve Agents report a total of $382,564,000 of Federal
reserve notes outstanding, or $ 10 , 320,000 more than the week before,
considerable amounts of notes having been issued by the New York,
Philadelphia and Chicago banks# Against the total outstanding the
Agents hold $360,668,000 of gold and $ 23 , 050,000 of paper*
The banks
report an actual circulation of $357^765^000 of Federal reserve notes
and aggregate net liabilities thereon of $15,941,000.
Released for publication Sunday n;orning April 1 , 1917«
Not earlior.
X-6 3 .
STATEMENT OF COMBINED RESOURCES AMD LIABILITIES OF THE TOLVE FEDERAL RESERVE BANKS AT CLOSE OF EUSINESS MARCH 30, 1517*
R E S O U R C E S .
March 30 , 1917
March 23 , 1917December 29,1916 September 29,1916 March 31 , 1916 .
Gold coin and certificates in vault......................................
$374,903,000
350 , 736 ,000
281,588,000
260,845,000
258,052,000
Gold settlement f u n d ,...............................................................
200,061,000
209,281,000
170,471,000
124,421,000
75,640,000
Gold redemption fund with United States Treasurer........... .
2.414.000
2,519,000
1,654,000
1,929,000
1,548,000
577,378,000
562,536,000
453,713,000
387 , 195,000
335,240,000
Total gold r e s e r v e .........................................................
Legal tender notes, silver, etc.............................................
9.282.000
10,665,000
17,538,000
7.811,000
9,938,000
Total reserve.....................................................................
586,660,000
$73,201,000
471,251,000
395,006,000
3 45,178,000
Five per cent redemption fund against F. R. bank notes...
400,000
400,000
400,000
500,000
250,000
‘"ills discounted - Members........................... '..........................
20,106,000
18,4-73^000
30,196,000
25,953,000
21,267,000
84,473,000
87,798,000
127,497,000
80,625,000
40,408,000
Acceptances bought.....................................................................
. United States bonds...................................................................
29,275,000
29,275,000
44,247,00 0
46,544,000
40,275,000
One-year Treasury notes............................................................
18,425,000
18,818,000
11,167,000
6,927,000
.
Municipal warrants.....................................................................
15.715.000
15,761,000
8,975,000
24,028,000
33,015,000
Total earning a s s e t s ......................................................
167,994,000
170,125,000
222,082,000
184,077,000
134,960,000
Federal reserve notes - Nst................................................. .
18,844,000
19,440,000
21,300,000
14,250,000
25,118,000
Duo from other Federal Reserve banks - Net..........................
2,275,000
3,298,000
46,958,000
3 1 , 365,000
13,128,000
Uncollected' it$as.......................................................................
132,759,000
145 , 757,000
. .
All other resources...................... ............................................
5,548,000
5,680,000
6,235,000
1 ,543,000
4.725,000
$914,480,000
917,901,000
7^8,226,000
632,741,000
523,364,000
TOTAL RESOURCES.................................................................
L I A B I L I T I E S Capital paid i n ...........................................................................
56,075,000
56,057,000
55,695,000
55,393,000
54,888,000
Government deposits....................................................................
20,567,000
19,702,000
28,837,000
38,985,000
38,469,000
Duo to molabors - reserve account..........................................
720,411,000
711,117,000
.
...
Member bank deposits - N o t.................................................. .
66^,786,000
521,740,000
419,987,000
^ ^ o llo c t ie n items..................................... ..................................
100, 961,000
113 , 784,000
^ f t ’.deral reserve notes - Not.....................................................
15,941,000
16,725,000
14,130,000
13,216,000
8,903,000
Federal reserve bank note liability........................... .
.
3,033,000
964,000
All other liabilities................................................................
.........525,000
516,000
778,000
"374^000
153^,000
•
: ’.TOTAL:LIABILITIES..............................................................
$914,480,000
917,901,00 0
768,226,00 0
632,741,000
523,364,000
Gold rosorvo against not deposit and note .Liabilities. . . 79-9$
79*0$
68.2$
71.4$
73*8$
Cash rosorvo against net deposit and note l i a b il it ie s ....
81.2$
80*5$
7 0 .9$
72.8$
76 . 0$
Cash reserve against not deposit liabilities after sotting
aside 40$ gold reserve against aggregate not liabilities
on Federal reserve notes in circulation.............................
82.1$
81.4$
7 1 . 6$
73*6$
76.7$
MEMORANDUM:
Distribution by maturities: March 30,1917
1 - 15 days
16 - 30 days
31 - 60 days
6l - 90 days
Over 90 days
Bills and acceptances................................................................
$3 1 , 061,000
30,320,000
30 , 636,000
11,735,000
827,000
Municipal warrants......................................................................
744,000
345,000
437,000
11,977,000
2,212,000
T --------------------- V
▼
▼
Released for publication Sund-y morning April 1, 1917'
R
Gold
Gold
Gold
E S O U R C E S .
coin and certificates in vault
settlement fund
redemption fund
Total gold reserve
Legal tender notes, silver, etc.
Total reserve
^ 5 $ redemp. fund - F. R. bank notes
Eills discounted - Members
Bills bought in open market
Total bills'on hand
United States bonds
One-year Treasury notes
Municipal warrants
Total earning assets
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 .
Capital paid in
# < vernment deposits
Due to members— reserve account
Collection items
Federal reserve notes - Net
Due to other F. R. banks - Net
All other liabilities
l.JlAL LIABILITIES
Boston
$14,541
20,455
ou
35,046
269
3*5 31*5
4 ,168
13,146
—^ J.J
17,314
1,666
298
19,278
1.754
11,356
67 701
5,068
1.373
52,182
8.598
o r m l S & ' m w u . n o n * BAMS at close of business * Z £ ’y>, is u
(In thousenda of dollars)
H. Y.
Phila. Clevel. Richm. Atlanta Chicago St. Lou is Minnls.. Kas. Cy.Dallas S . Fran. Total
11,811
7.815
7.943 14,817 374,903
219,109 24,065 17,925
5.730
6,207 3 1.808 13,132
.
26,512
7,111 15,619 200, 06.1
16,151 14,255 29,915 16,093
4,019 35.129
6,797 11,005
168
15
27,451
34.495
577.378
15.131
235.510 38,570 47.871 22,230 10,845 67,137 20,121 22,971
9,282
1,100
22
68
586
1,766
l,4l6
111
1,551
78
2 , ll 6
199
586,660
16,231 27,473
237.626 38,769
> >1. — 47.949 22,341 12,396 68,553 21,887 2 3 ,5 5 I_
100
400
300
1,643
274
20,106
635
999
1,467
1.537
2,123
868
1.087
3,75^
1,551
l,44l
2,228
.. 84,423
4,12S_.
8,002
3,584
,
3
,
9.36
6,376
—
•---5,212
"18,913
l.<£T2.J.- 11.117
3,084
2,563
5,128
6,663
104,579
9,469
5.473
5.707
19.781 12,204
6,763 10,130
2,429
1,454
8,147
3,403
29,275
2,203
5.961
442
170
4.985
81
1,430
18,425
1,500
1,784
1,230
891
2,844
1.491
1.590
1,969
1.999
31
836 ... 15,215
486
.. ..306
2,653
1 ,0 2 4 . . 1 7 1
7
15
5,199
j.ff,......—
—
......J
j-'tJ-J--___ 1,378
>J >
■
——.,, 3,066
11,428
13,280
8,423
.. 16 L ^ 2 4
...
£.661
7,989_
7,375 20,927
25,092 15,581 l6,404 12,556
18,844
1,743
4,559
10,035
753
1,698
- - ( -) 2,275
1,457
5,c6;v
2,263
403
1,464
1,312
5,630
8,044
4,707
8,421
132.759
18,806
3.51S
6,192
9,882
9,071
29.735 17.397
..
..5,.5.48
_
L
l
172
617
149
..
231
450.
258
1,686
96
RF.fi
7Q
156
914.480
.46^8.51
,
118,168
40,419
3
D
.9
H
.
.
a
^
4
i
.
2
P
£
B
T.m76
7S.PQO 76,456 44,467 29,912
J*0 1
. .
I
11,881
6,657
254,366
21,215
8, 791
. . 370
166
112
303,076
67,703
/. I. r J — _ L ——
~
—
5,260
1,748
48,949
15,362
1,821
150
73,290
1
>
-J
6,089
335
59,845
10,187
76,456
3,428
1.710
25,866
7.753
5.710
44,467
2,410
2,293
18,889
4,431
1.889
7,001
2,696
96,348
12,123
29,912 118,168
2,795
420
26,620
6,838
2,497
1,249
40,419
2,4l£
1.236
28,231
2,296
2 ,7 H
3,088
413
47,632
3,941
23,075
38,408
3.264
6,231
2,663
577
736
791
1,016
56,075
20,567
720,411
100,961
15 ,941
186
11.387
21
l£_ ..... ...... 525
36,911 ..51*341 ..10,6.3.3. 46,891 _214^460
M E M 0 R A N D U M .
23,223
17.124 165,910 25.710 15.645 16,737 20,422 25,139 15,010 20,271
F. R. notes issued to banks
628
650
942
81C
...._ _ 2 d i .
4 , 5.55_
753
10.035
1,529
F. R- notes held by banks
... 1,754
19,682
22,395
F. R. note s.-in circulation
15.370 155,375 24,181 14,892 15.919 19,460" 20,560 14,160
17,124 165,910 22,360 l.5,645_ _10^20i_ 11*521. .2 ^ 1 3 1 . 11,663 _ i £ t m - 21,818
Gold and lawful money
(a) Di.ffp-r^nce between net amounts due from and net amounts due
2,698
670
16,217 382,564
401
24,739
-14,476
44%357,765
20,755
20,019 16 , 212- 360, 66&
21,156
Released for publication Sunday morning April 1, I 9 17 .
Not earlier. '
X-6 3 .
STATEMENT OF FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS MARCH
(In thousands of dollars)
30 , I 917 .
Boston
N. Y.
Phila
Clevel. Richm. Atlanta Chicago St.Louis Minnla. Kas.Cy. Dallas S. Fran. Total
$33,880
300,560
39.120
27,460
Returned to Comptroller
^156
68,.270
Chargeable to F. R. Agent
24, 72 k
231.590 31.510
Federal Reserve Notes:
Received from Comptroller
In hands of F. R. Agent
7,600
29.500
36,380
32,560
23, 3^0
32,000
37,720
36,120
19.060
647,700
7,610 — 5JL15 __lt 163
3 ,1 5 3
1,881
3,990
3,284
3.739
7,013
2,843
127,Q17
, 1/1
22,345
20,337
31,227
30,679
19.350
28,716
33.981
29.107
16,217
519.783
65,680
5,800
6,700
3,600
10,805
5 . 5^0
4,340
8,445
10,758
7.951
Issued to F. R. bank less
amount returned to F. R.
Agent for redemption
17,124 165,910
25.710
15.645
16,737
20,422
25.139
15.010
20,271
23.223
21,156
Amount held by F. R. Agent
in reduction of liability
on outstanding notes:
On hand:
Gold coin and certificates
15,910 159, 1*04
3.730
9.773
5.165
13,018
2,370
10,110
1.3^0
S72
823
1,108
1,229
739
17,631
5.950
3.130
18,260
8,680
15,480
120,660
• « «
3.3^7
3.300
1,405
1.137
25.139
15,010
20,271
23,223
21,156
3.352
3.300
1,423
2,001
Credit balances
In gold redemption fund
1' 214
With Federal Reserve Board
.
. . .
As security for outstanding notes:
Commercial paper
Total
1
A %%
4
*
/X T
u j.
.
%
. . .
m % r
17,124 165,910
A AWWi r
vW
*M
v U i C i r
^
X
^ ^ ^
paptf r
to Federal Reserve Agent
e
6,506
17.290
3.350
25.710
5.000
•
« • »
15.645
2,897
. ..
709
1.77!+
68$'
,9.500
12,920
24,450
6,528
2,831
16,737
20,422
6,728
2,856
*
,
'5*+8
.
. . .
16,217
137.219
382,564
222,377
•
21,898
16,219
382,566
*
f •
J _ ^
__
u 6 1 1 V c r $ C
.
«
.
*
*
1 « •
3.390
•
•
• «
*
« » •
•
*
* •
23.050
Released for public&tion^Jfcnday morning April 6, 1917- No^^arlier.
X-74.
STATEMENT FOR THE PRESS♦
April 7, 1317*
The Federal Reserve Board made public today its regular weekly bank
statement as at clfise of business on April 5 - 6, 1917s
“the Federal •
-Reserve Banks, of Philadelphia and Minneapolis, also the Federal Reserve
Branch of New Orleans, observed last Friday as a legal holiday., the
statement shows the condition of these institutions as at close of
business April 5th. The condition of the other banks is shown as at
close of business on April 6th.
The statement reflects to some extent the results of several recent
operations in United States securities which effect all the twelve Federa-1 reserve banks. All of the banks report holdings of United States
certificates of indebtedness allotted to them by the Secretary of the
Treasury after the proposed issue 01 ^0 millions had been overscribed
by the banks♦ Considerable increases are shown in the amount of United
States bonds and Treasury notes held as the result of purchases through
the Treasurer of $10,877,500 of United States bonds with circulation
privilege formerly owned by ITational tanks, and of the conversion about
April^ 1st of a certain amount e£* 2 per cent bonds into 3 Per cent 3 Oyear Donds and one-year Treasury notes without the circulation privilege#
Furthermore $ 1 , f^^jQOO of Treasury notes due on April 1st previously
sold were repurchased by the New York and Cleveland banks.
The depletion of the banks1 cash reserve through the transfer of
gold to the Treasury on account of the 50 million dollar loan was fully
made up by heavy cash deposits during the week by member *banks, mainly
in New York City. As the net result of all these operations the aggre
gate cash reserves of the Federal reserve banks show a decrease for the
week of only about 2.4 millions, while their combined gold reserves
show a decrease of about 12*3 millions.
During the week the net amount of Federal reserve notes issued in
creased by $18,134,000 and the amount of gold transferred to the agents
as cover for outstanding notes by $17,782,000*
The aggregate gold
resources of the system, including amounts of gold held by the Federal
reserve banks a,nd Agents, show an increa.se during the week from $338,046,000 to $9^3;552,0:0, while the total amount of lawful money held by
the system at present is $962, 662, 000, an increase of $15 , 33L'-,000 for
the week.
Earning assets of the banks, other than Government securities, show
smaller totals than the week before,
In particular, discounts show a
decrease of about 2.2 millions, Boston reporting the largest net amount
of liquidation under this head'. Of the total discounts $2,535*000, as
against $3 >400,000 the week before, is represented by member banks1 col
lateral notes held by 8 reserve banks. Acceptances on hand likewise
show a decrease of about .1 .7 millions, both New York and Boston reporting
smaller amounts than at the end of the preceding week. Only £ banks
increased their holdings of municipal warrants, the total on hand being
about one-half million less than the week before.
Total earning assets stand at present at $225,541,000, and constitute
over 400 per cent of the banks1 paid-in capit?.l, compared with 3 OO per
cent on March 30*
Of the total earning assets, acceptances represent 36.7 per cent; U. S, certificates of indebtedness - 22*2 per cent; U. S.
bonds - 16.2 per cent; Treasury notes - 10,2 per cent; discounts - 8*0
per cent, and municipal warrants - 6*7 per cent.
Nearly one-half of the
banks1 present investments are composed fof Government securities.
Govern
ment deposits show an increase of about 2§*3 millions,due mainly to the
credit operations of the Government during the past week. Member bank
reserve deposits increased 37*8 millions, the New York.bank alone reporting
an increase of 37*3 millions for the week.
x -74.
-
2
-
Federal Reserve Agents report a total of $400,698,000 net of
Federal reserve notes outstanding,against which they hold $378,450,000
of gold and $23,554.-000 of paper.
The banks report a total of
$376,510,000 of Federal reserve notes in actual circulation and
aggregate net liabilities thereon of $14,295,000.
Released for publication Sunday morning April 8, 1917*
Not earlier.
X-74
STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF FUS IFESS APRIL 5 - 6, 1517 .
R E S O U R C E S .
April 5-6,1917 March 30 . 1917 January 5 j 19^-7 October 6 , 191$
April 7 , 1916 .
Gold coin and certificates in vault.......................................... $362,472,000
. 0 .000
267.169.000
265 626.000
245.778.000
Gold settlement fund........................ ..................................
200,125,000
200. 061.000
192.001.000
119.441.000
80,011,000
Gold redemption fund with United States Treasurer................
2,505.000
2.414.000
1.600.000
1.910.000
_ 1,549,000
Total gold reserve...............................................................
5^5,102,000
577.378.000
460.770.000
386.977.000
327.338.000
Legal tender notes, silver, e t c ...............................................
19.110.000
9.282.000
16.180.000
111991.000
11 . 600.000
Total reserve......................................................................... 584.212.000
586 .660.000
476.950.000
400.968.000
338.938.000
ve per cent redemption fund against F. R. bank n o t e s .....
400.000
400.000
400,000
500,000
350.000
(lls discounted - Members..........................................................
17.928,000
2 0 ,106,000
26.217.000
23 . 656.000
22 . 268.000
Acceptances bought.........................................................................
82,735,003
84.473.000
121 807.000
77.438.000
42.116.000
United States bonds.......................................................................
36 , 629,000
29. 275.000
41.052.000
44.370.000
45.226.000
One-year Treasury notes........................................................... .
23.042,000
18,425.006
14.857.000
8.763.000
1, 932,000
United States certificates of indebtedness........................... .
50.000,000
Municipal warrants.........................................................................
15,207 .000
15.715.000
8.716.000
29.085.000
35.256.000
Total earning assets............................................................ 225.5^1.000
1 .
.000
212.669.000
183 312,000
146.798.000
Federal reserve notes - Net.................................. ....................
l 6. 235-.OOO
(a )18. 999.000
21.664.000
14.894.000
21 . 761.000
Due from other Federal reserve banks - Net.............................
3.412,000
2. 275.000
6 . 666.000
26. 232.000
11 . 161.000
Uncollected items..........................................................................
146,422,000
132.759.000
142.629.000
All other resources......................................................................
4,909, QQQ
8.752.000
(a). 5,393.000
1.045.000
7.217.000
TOTAL RESOURCES..................................................................... $981,131,000
914.480.000
. 0.000
628,951,000
526. 245.000
L I A B I L I T I E S .
Capital paid in..............................................................................
56.100.000
56.075.000
55.695.000
55 . 684. 000
54.843.000
46.461,000
Government deposits............................... . . . . ................................
25.566.000
20.567.000
33 . 971.000
37.016.000
Due to members - reserve account.................................... ........... 758.219.000
720.411.000
656.422.000
paber bank deposits - Net........... ......................................................................
526. 019.000
423.497.000
ollection items............................................................................
105.436,000
;o o , 961,000
118.559.000
Federal reserve notes - Net...................................... ..................
l 4 ,295.000
15.941.000
13,245,000
11.782.000
9 . 500.000
. Federal reserve bank note liability......... ...............................
1 . 033.000
1 , 251,000
All otber liabilities............. .....................................................
620.000
241.000
____ 525,000
462.000
118.000
TOTAL LIABILITIES................................................................. $981,131,000
914.480 .000
869.730.000
628.951.000
526.245.000
Gold reserve age.inst net deposit and note liabilities.........
73-0$
79-9#
. #
70.9#
71.3#
75-4#
Cash reserve against net deposit and note liabilities.........
81.2#
. #
73*5#
73-9#
Cash reserve against net deposit liab. after setting aside
76 . 1#
40# gold reserve ag'st. net liab. on F.R.notes in circulation
82.1#
72.4#
74.2#
74.6#
MEMORANDUM: Distribution by maturities: April 5t 6, 1917* 1
15 days
l 6 - 3 O days
31 — 60 days
6l - 90 days
Over 90 days
34,433.000
Bills and acceptances........................................ ...........................
22. 631.000
.
.000
13 , 0 / 3,000
782,000
52,000
519.000
Munic ipal warrant s ...................................................... .................
7.720.000
4.574.000
2.342.000
{a) Amended figures.
,
374 9 3
«
.
• «
* • *
* « •
,
67 994
869 73
* ♦
f
» »
« * *
• • *
69 3
71 8
-
25 744
» • *
• •
• « *
Released for pu’rlication Sunday morning April 8, 1917* Not earlier.
X-j'U.
WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF E.-.CH OF THE FEDERAL RESERVE EAMS AT CLOSE OF BUSINESS APRIL 5 - 6 , I 917 .
(In thousands of dollars)
Boston
N, Y.
Phila. Clevel. Richm. Atlanta Chicago St. Louis Minnls. Kas. Cy.. Dallas S.Fran.
R E S O U R C E S .
Total
Gold coin and certificates in vault $13,350 209,993. 22,020 17,785
5,766
6,128 31,053 12,815 12,890
7,888
7,750 15,034 362,472
26,443 20,520 27,657 16,248
15,940
Gold settlement fund
4,345 33,457
8,78b 200,125
5,046 10,376 24,902
6,405
250
Gold redemption fund
_
_50.
£5P ...
168
256
200
_25... _ 396 ...... 655
2,505
165
75
15
29,3140 236,686 42,790 45,467 22,410 11,128 64,710 18,029 23,522 32,955 14,230 23,835 565,102
Total gold reserve
Legal tender notes, silver, etc.
88
74
1,124 .
89
19,110
. 251
2 I L ._ .13,.220
983
1,620
398
927
65
29,611 2U9 ,906 43,04l 45,555 22,499 12,111 65,637 19,649 23,920 33,029 15,354 23,900 534,212
Total reserve
--- —
redemption fund-F.R.bank notes
300
100
400
Eills discounted - members
2,002
1,449
1,110
2,158
340857
1,326
1,668
1,460
17,928
730
3,773
1,055
Bills bought in open market
11,816
18,298 11,620 ..5,040
3,481
7,784
2,256
6,882
6,445
3,928
3,902
82,735
1,283
Total bills on band
13,818
6,489 10,218
5,639
100,663
5,362
2,986
5,254
7,222
19,155 12,730
8,839
2,951
United States bonds
530
1,306
2,429
3,966
1,152
549
36,629
6,255
8,792
7,007
615
1,735
2,233
One-year Treasury notes
2,194
2,788
2,548
1,224
3,218
1,444
23,042
1,452
1,784
1,500
1,969
1,491
1,430
20,000
U. S. certificates of indebtedness
3,000
2,000
3,500
1,500
5,000
3,500
2,500
50,000
2,000
2,500
2,000
2,500
Municipal warrants
. 1,504 ...2,990 ....... .15
128.
456
560
811
7
1,068
2.267
171
15,207
Total earning assets
19,720
48,423 20,831 .20,458 15,354
9,312 26,331 12., 499 10,726 16,518 10,907 14,462 225,541
» —
Federal reserve notes - Net
10,212
1,227
962
228
1,916
1,690
16,235
• —Due from other F. R. banks - Net
-—
2,744
3,414
449
a)
3,412
437
1,591
i,oo9(
5,899
Uncollected items
12,282
9,064 10,131
9,144
26,027 19,850
6,386
146,422
7,427 24,689 10,503
3,370
7,549
All other resources
142
84
306
. 615
183
1,227
321
123 .
159
4,909
1,133
571
_J*5.
TOTAL RESOURCES
83,864
.73,906
.335,183
48,068
38,624
33,974
31,574
125,043
42,957
59,839
48,931 981,131
6^.222.
.
_
: L I A B I L I T I E S .
^ ^ ip it a l paid in
11,882
6,089
5,260
7,002
2,418
3,431
2,419
5,059
2,795
Government deposits
5,241
3,902
3,248
4,101
4,089
4,403
6,660
2,055
3,345
Due to members- reserve account
47,720 291,666 50,703 58,464 25,592 18,708 98,948 26,880 29,793
Collection items
9,490
4,064 12,433
7,720
2,012
19,519 18,341 10,252
8,653
«. —~
——
—
Federal reserve notes - Net
2,960
1,261
1,022
6,345
1,981
—
_
Due to other Federal reserve banks .-Net - —
_ —
1,304
891
8,697
1,187
All other liabilities
—
—
—
—
—
128
172
9
33
. Ill .
TOTAL LIABILITIES
j. . _ .335,183 83,864 78,906 48.068 . .31,574 125,043 42.957 .38,624
ME M O R A N D U M .
F. R, notes issued to banks
17,103 176,808 27,054 17,207 16,857 19,944 27,052 15,955 21,248
F* R, notes held by banks
10,212
1,190 ...... .96?..
3,836
1,586
450
888
1,227
775
F. R. notes in circulation
15,876 166,59^ 25,864 16,245 16,082 19,494 23,216 14,369 20,360
Gold and lawful money with Agent
.. 11 , 103. 176,808 22,904 17,207
9,737 17,513 25,132 13,108 .19,338
(?.) Difference between net am©tints due from and net amounts due to other Federal
66 292
3,088
2,968
2,716
47,225
6,563
——
——
2,718
24,028
3,734
726
52
59,839
33,974
23,688
20,593
124
1,253
22,435 20,469
22,663 19,743
reserve banks.
56,100
3,941
3,731
38,497
46,461
758,219
2,655
105,436
——
107
48,931
14,295
620
981,131
17,189 400,698
24,188
1.685
15,504 376,510
17,194 .378,450
Released for publication Sunday morning April 8, 1917.
Mot earlier.
X -7k .
STATEMENT OF FEDERAL RESERVE AGENTS' ,XCOtP,TS AT CLOSE OF EUSIMESS APRIL 5 ,- 6 , 1917,
(in thousands of dollars)
Boston
N. Y.
Phila.
Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas.Cy. Dallas S. Fran
Total
$36,880
313,600
39,120
27 , 46o
25,500
36,380
34,480
23,340
32,000
37,720
36,520
20,060
667,060
9,177
69,272
7,666
5,153
9,243
5,281
1,888
4,045
4,452
3,874
7,326
2,871
130,248
Chargeable to F. R, Agent
27,703
244,328
31,454
22,307
20,257
31,099
32,592
19,295
27 , 548
33,846
29,194
17,189
536,812
In hands of F. R. Agent
10,600
67,520
4,400
5,100
3,400
11,155
5,540
3,340
6,300
10,158
8,601
« % • %ft
136,114
Issued to F. R. bank less
amount returned to F. R,
Agent for redemption
17,103
176,808
27,054
17,207
16,857
19,944
27,052
15,955
21,248
23,688
20,593
17,189
400,698
Amount held by F. R. Agent
in reduction of liability
on outstanding notes:
On hand:
Gold coin and certificates
15,910
170,601
3,730
10,273
2,896
. *j . . .
5,665
13,018
2,370
10,110
1
• ** «
234,573
1,193
6,207
1,484
934
637
1,647
682
693
1,200
1,133
1,173
714
17,697
.........
♦• * « «
17,690
6,000
9,100
12,970
24,450
6,750
5,120
19,160
8,460
16,480
126,180
.
♦
• » •
4,150
* * • -*
7,120
2,431
1,920
2,847
1,910
1,025
176,808
27,054
17,207
16,857
19,944
27,052
15,955
21,248
23,688
20,593
4,189
.........
7,200
2,456
1,941
2,850
1,910
1,114
1,894
Federal Reserve Notes:
Received from Comptroller
^Returned to Comptroller
iredit balances:
'in gold redemption ~Tund
With Federal Reserve Board
is security for outstanding r
Commercial paper
Total
Amount of commercial paper de
livered to Federal Reserve Agent
.
. . .
17,103
.........
t
.
650
..
...
17,194
.........
22,253
400,703
23,554
@FedFRASER