The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
^ ^ l e a s e d io'r_ publication Saturday ^p-rning January 1, 1916, I / \ • "/ Not earlier 474, S?ATE$©TT FOR THE PRESS. December 31, 1915. A yearns development and growth of the resources and liabilities of the Federal reserve system is indicated by the weekly bank statement of the Fed eral Reserve Board made public today as at close of business on December 30> 1915. This date., rather than the last of the year, was chosen in order to permit the publication of the data on the first of the new year, The total reserves of the banks show an increase during the year of about 102.9 million dollars, while their aggregate gold reserves show an even large*' increase of 115,9 millions, The gold resources of the system include be sides the gold reserves of the banks also the amounts of gold turned over by the banks to the Federal Reserve Agents to teduce the banks' liabilities upon outstanding reserve notes. The amounts of gold held by the Agents increased from 12.3 millions at the end of 1914 to 70,6 about the middle of 1915 and to 197.4 millions at the close of the year. The increase for the year in the total gold resources of the system was oyer 301 million dollars, the larger portion of which represents the gain in the Agents' goljd holdings. Of the total gold reported at the end of the present year 406,5 millions or nearly 75 per cent are held in the banks'or in the Reserve Agents' vaults, while 135.9 millions are either in the Gold Settlement or in the Gold Redaction Funds at Washington, About one-half of the system's gold is held by the New York bank and its Reserve Agent, less than 7,5 per cent by Chicago, less than 6 per cent each by Cleveland and Richmond, over 5 per cent by Boston, while the remaining 25 per cent is distributed among 7 banks and reserve agents. The earning assets of the banks, composed of discounted bills, Bankers' acceptances, short-term municipal and State securities, and United States bonds, stand at present at 83,4 millions. This is about 152 per cent of the paid-in capital of the banks as against 60 per cent at the end of 1°14 and 104 per cent about the middle of the year, Of the total earning assets about 39 per cent is represented by discounted bills on hand, over 27 per cent by Bankers' ac ceptances, less than 19 per cent by United States bonds, and the remainder by municipal warrants, - The three Southern banks report almost 64 per cent of all commercial paper held* Chicago and Kansas City are the only two other banks which show substantial holdings of discounted paper, while the remaining 7 banks a.re credited with only 13 per cent of the coinnercial paper on hand. Over 7,5 millions, or 23 per cent of the commercial paper held, is coustsodity ; paper, discounted at special, lower rate3 . Trade acceptances on hand total 712,000 dollars. About 77 per cent of all acceptances on hand are credited to the, three Eastern Seaboard banks, and nearly 9 per cent to Chicago, Of all the paper ■ held at present by the banks 37,5 per cent matures within 30 days, and 30,4 )| per oent after 30 but within 60 days. Agricultural and live-stock paper in * the hands of the banks aggregates at present over 4 million dollars, and con stitutes 7,4 per cent of the entire bill holdings. The holdings of United States bonds are distributed among nine banks, Chicago, Cleveland and Kansas City reporting nearly 55 per cent of the total. Over throe-quarters of the bonds are of the 2 per cent type against which Federal reserve bank notes may be issued. The aggregate of warrants held at present is less than half the amount shown during the preceding month, although all the banks report among their assets State or city warrants. The net reserve deposits of member banks have reached a total of over 400 million dollars, an increase during the year of 136,1 millions, and during the last 6 months of 102,1 million dollars. Government deposits totaling 15 million dollars are held at present by the three Southern banks only. Federal Reserve Agents report a total of 214,1 millions of notes outstanding. About 42 per cent of the total was issued to the New York bank and over 23 per cent to the three Southorn banks. Against the -total issuod $he Agents hold 197.5 millions of gold and 16,7 millions of paper. The banks show a total cir culation of 189 millions and an aggregate note liability of about 13,5 mil lion dollars. Iteleased for publication Saturday morning January 1 , 1916. Not earlier. 4'i4 a. t;$'. ^STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS OF THE UNITED STATES AT CLOSE OF BUSINESS DECEMBER 30, 1915, (a) R E S O U R C E S . December 30, 1915 December 23; 1915 October 1, 1915 July 2, 1915 December 31, 1914, Gold, coin and certificates in vault..........................$266,546,000 276,197,000 231,368,000 " ) 228,641,000 227,274,000 Gold settlement f u n d . . . . . . .......................................... 77,293,000 69,960,000 55,180,000 31,640,000 * 1.224.000 1.080.000 ^ 1 . 202.000 .000 428.000 344, 953, 000 347,381,000 264,288,000 283,656,000 229,069,000 9.673.000 16.493.000 24.841.00013. 525. 000 26.578.000 357,054,000 358, 300,149,000 289,129,000 • 000 255,647,000 Bills discounted and bought: Maturities: Within 10 days, 6.133.000 5.765.000 6, 467, 000 (13,322,000 { 4,632,000 14, 278, 000 13.524.000 12.267.000 16, 859, 000 17.861.000 15.790.000 9.735.000 3,531,000 61 to 13, 696, 000 12.830.000 9.606.000 8.097.000 f 1,746, O X Over 90 days. 4, 081, 000 4.073.000 1.452.000 5.033.000 55,381, Total....................................................................... 55, 381, (000 54,421,000 44,880,000 3 6 ,1 8 7 ,0 0 0 ^ 9,909,000 ■ 1co Investments: 0 , S. "bonds. . ........................... * All other reGourc.es.. TOT&L RESOURCES. 15, 797, 000 12, 220, 000 . 21, 910, 000 20, 767, 000 6 , 547, 000 $491, 110, 000 15,060,00C 14.094.000 21.008.000 24,977,000 4.194.000 490,808,000 9.329.000 27.381.000 15.378.000 11.194.000 3.326.000 411,637,000 7.652.000 e 12,390,000 •' 7.601.000 a 9,862,000^ 3.660.000 366,481,000 ; 205.000 734.000 5.418.000 7.936.000 5.93lrp00 285,774,006 54.728.000 15,000,000 324,884,000 14.359.000 2 . 666,000 411/637,000 54,128,000 * * • * * mm• 297,883,000 12,797,000*1.673.00Q366,481,000 " 18,051,000 * *«• • • « 263,948,000 3,77.5,000 L I A B I L I T I E S . >\ Capital paid in .................. 54, 915, 15, vvv, 000 400, 012, 000 13, 486J3QQ7, w n o o o $491, 110, 000 All other lia bilitie s.. TOTAL LIABILITIES. H 54.901.000 15,000,000 ,a(, ’398,603,000 14.670.000 7.634.000 490,808,000 Gold reserve against net liabilities ( A ) , ............... 84,6$ Cash reserve against net liabilities (A )................. 87.9$ Cash reserve against net deposit liabilities after setting aside 40% gold reserve against net amount F, R. notes in circulation (a ) . .................... . 89.6% — ~ — _ (A; Less items .in transit between F*R. banks ~ v iz: $2 0 ,7 6 7 ,QGG http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louisu * ___________ ________ . A * . __________ __________ . 86. 1$ 88-5$ 82.7$ 87.5 $ 87.9$ 9 6.1$ 90.4$ 89.6$ 9 8.6$ 24,977,000 i 11,194,000 285,774,000 88.2 $ 98.4$ , ' 99.3$ 9,862,000 7,930,000 (a) Amended Statement. ^ R e l e a s e d f o r p u b l i c a t i o n S a t u r d a y m o r n i n g J a n u 1 a r y , 1 ^ 1 ® * WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE R E S O U R C E S . ^ *?! m 7 $14,097 4,279 168 965 168,965 6,717 8 , 69b --- . ---_ qg? Total goia gold reset reserve _ 18,383 Total v« Legal^tendernotes, silver,etc._ ^ 7o7 175,737 477 to 5 15,135 ---^ + ., - vault ,+ Gold com and certif.xn Gold settlement fund ? & S X X ? ' ~ , riT T T . m is n r T in r “ 6 440 6,44 . » , » ‘5 !:,s Investments: U. S. bonds 986 -Municipal warrants 3,041 1,269 Federal reserve notes - Net 709x , 15,87 7 , Due from other P. H, tanks - Set 1,629 -- A11 " S S l ' S S S S S s ■ »» ™ ,09.753 5,223 , v, o (d 334 i 29.454 s-s 24.499 O cV F O F B U S I N E S S 2,700 8,3814 ’ qn ________ 25_______ 30 36,418 9,064 7,085 , 630 , 93 , 20 ^ .07 107 10,952 , 120 « 8 82330 - -- 1,15 C T Sfi 2,967 ^ ‘-S * « : a '» s a 1* > ’ st. Louis Minnls. KaS. Cy Danas , occ 2,846 292 2,212 A T Ai ° L° E ° F BJS , x 307 8,896 B,B 1S5 ^ 6, 60( 3 1 .U 9 ' R / \ N K ' C^ 35,162 o • « L I A B I L I T I E S . Capital paid in Government deposits Reserve deposits - Net Federal reserve notes - Net -Due“'to other F. R. banks — Net All other liabilities TOTAL LIABILITIES 4,872 15 432 15,432 X 1 ,9 /0 1,538 401 3,668 R T i'c i V 'R 'V F R . chm> AUanta Ch. cago 9 , 559 20 601 20,601 ^ ■ g t p t w r a t OQO flfil /I- 11|072 • s STOTAL Fran. 3,975 Q 260 260 4,205Q 266,546 77^ 93 ----- 11,124 ,1 2 4 . y 13,176 14,085 344,963 ^ g 5 1 3,52 5_ 259 ________ 5___ 13.525,, 13j 435 14|090 3 *,s]wr _ - _ s _ a , _ a « a : ‘'s s- a s - s # poo 7? 345 12 220 ^ 33^ -- 1301 3^485 'l0 4 _ , ' 1.060 19.217 6 0 .363 15,219 16,39 ; la^t 2,423 5,000 8,237 3,456 6,645 2,781 2,547 3,038 53,718 12,337 13,844 14,180 1,478 1.182 20^5 21.427 21,910 (aB0,767 6.547 U & JS L " 5,158 11,063 5,270 5,941 27,109 183,208 24,184 25,208 3,354 5,000 10,856 31,149 — ,2 3 24.499 8,010 7.472 209 753 32 ?67» W V «/ p f uVJ 29.454 1 v v 101 101 19.217 60.363 2,753 5,000 9,646 3,286 15.219 16.391 18.696 20.685 8,950 817 8.133 a .l g 8,950 14,000 818 13.182 1 . . 1B, 14,000 11,000 15,1-45 419 14.726 11,440 3,286 3,942 17,485 54,915 15,000 400,012 13,486 7.697 21.427 .491,110 M E M O R A N D U M . 89,440 * 9,160 11,000 292 16';-017 401 709> hands of banks 10.708 8.759 10,708 circulation • M 311 U / 73.423 V3.4=3....g.,759 a9',300.- 9,160 . 11,000 tio,©2Q, 6 liabilities 7 7 401 292 assets (a) Items in transit i. e . total 1 0 P, Bf. notes in F. R. notes in Carried to net Carried to net , 0 2 0 , 9 4 7 n o . T * R '- 'j . ------------------ - - 15,630 18,950 1.294 814 17.656 -14.-816. ? 7 , 656 9,550. 14,200 . 3,456 . 5,266 - 4,380 1.695 2.685^ 2 . 6854,380 522 10.478 9,000 .. 6,450 1.301 5^149 6,450 1,478 1.301 817 818 1.695 banks to other F. R. due from less total amounts due amounts • - b - 214,125 25.099 189.026 y 197,450 1 13,486 21:910 Bleased for publication Saturday morning January 1 , 1916. Not earlier. 484 c. STATEMENT OF FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS (in thousands of dollars) I Boston federal reserve notes: ■Received from the Comptroller Returned to the Comptroller ■Chargeable to F. R. Agent In hands of F. R. Agent Issued to F. R. banks less amount returned to F. R. Agent for redemption mounts held by F. R. Agent: (♦In reduction of liability on \ outstanding notes: On hand: Gold coin and certificates $16,360 500 N. Y. 106,240 -- Phila.Clevel. Richm. Atlanta Chicago 12,480 640 11,840 12,600 80 15,860 106,240 12,520 5,840 16,800 2,680 1,520 10,020 89,440 9,160 11,000 10,020 89,300 '4,160 10,470 530 17,000 -17,000 1,370 15,630 -- St.-Louis Minnls. Karu . Cy. Dallas S.Fran. 20,400 9,380 -- 120 20,400 9,260 1,450 18,950 500 DECEMBER 30, 1915. 4,880 9,600 19,000 -- -- 9,600 19,000 650 5,000 11, 0CG -11,000 --- TOTAL 19,580 10,000 263,640 61 230 1,631 19,519 9,770 262,009 4,374 3,320 47,884^ 6,450 214,125' 4,380 8,950 14,000 11,000 15,145 -- 3,950 10,000 2,000 9,540 -- 139,940 120 -- -- -- -- -“ 650 4,260 5,000 4,000 7,000 1,900 6,450 -- -- 2,000 3,705 -- 14,000 11,000 15,145 6,450 2,002 3,751 Lawful money Credit balances: In gold redemption fund With Federal Reserve Board -- -- - - -- -- 5,000 140 89,440 As security for outstanding notes: Commercial paper -- T O T A L 10,020 i&oiiot of,*commercial paper delivered tgy||der|l Reserve Agent - 140 -- -- -- 9,550 13,700 - - -- 6,080 4,750 9,160 11,000 15,630 18,950 4,380 8,950 -- -- 6,096 4,751 -- -- -- _ _ -- 56,860 16,675 . 214,125 1 6>740 Released for publication Sunday morning January 9, 1916, Hot earlier. 483, STATEMENT FOR THE PRESS. January 8, 1916, The we>ekl,y Federal Reserve Bank statement as at close of business on January 7, 1916 was made public today by the Federal Reserve Beard, The statement indicated an increase during the week of 9.5 millions in the combined gold reserves and in increase of 8,8 millions in the aggre gate cash reserves of the banks. Considerable gains are also shown in the amounts of bankers* acceptances, warrants and United States bonds on hand,. Government deposits wore made during the week with all the banks, the total held at the end of.the week being S3 .8 million dollars as against 15,1 millions shown for December 30 of the past year. Federal reserve bank notes were.-issued by the Comptroller to one bank; though none of thes$. notes ic yet in actual circulation. The largest gains during ther week in gold reserves are reported by the Chicago, New York, San Francisco and St. Louis banks. The gold holdings of the system, including amounts held by Federal reserve agents against notes outstanding total now 554,1 millions, compared with 415.5 millions about 3 months before and 340,5 millions about 6 months before. During the past 6 months the amount of gold held by the banks increased about 33 per cent, while the gold holdings of the Federal reserve agents increased about 170 per cent. The aggregate of commercial paper in the hands of the banks declined during the week 1 .8 million dollars, the 3 Southern banks as well as Kansas City,with about 74 per Gent of the total, reporting smaller figures than the Week before. Bankers1 acceptances on hand show an increase of about 3 millions, New York and Boston reporting the largest gains for the week, Of the total amount of paper held, bankers1 acceptances constitute now 0V6r 45 perr.cent , as against 41 >5 at the end of the preceding week and 86,2 per cent about 6 months before. Over 37 per cent of the paper ma nures within 30 days and about 32 per cent after 30 days but within 60 days. The banks show total holdings of about 3,9 millions of agricultural •ajtid live-stock paper maturing after 90 days or 7,1 per cent of the total ajnount of paper on hand. The purchase of over 1 million dollars of United States bonds is reported during the week by 7 banks.* The holdings of municipal warrants increased about 4,9 millions largely as the result of investments by the New York Bank in New York City short^tdm revenue bonds. The total earning assets, amounting at present to 89.4 millions> constitute now about 163 per cent of the aggregate capita.1 of the banks, as against 152 per cent on December 30, and 108 per cent on July 9, of the past year. Net reserve deposits increased 7,2 millions, New York and St. Louis report ing the largest gains during the week. Federal Reserve Agents report a total of 215,5 millions net of reserve notes issued to the banks, an increase during the week of 1,4 million dollars. Their gold holdings increased 2,2 millions, whei’eas the aggregate amount of papep in their hands decreased over 0,5 million dollars, The banks report a total circulation of 1.88/5 millions and an aggregate liabil ity thereon of about 13 millions, which i 3 also about 0.5 million less than the corresponding total at the end o f■^He past year. R“ «M I f — I S^HE ™ R E S O U R C E S . Gold coin and certificates in vault.................... . m ™ V E Investments: U. S. bonds............................................. Municipal warrants...................... .......... fFederal reserve notes - Net.................... .................... Due from Federal reserve banks - N e t . . . .................. All other resources...................................................... TOTAL RESOURCES..................................................... 81' 1 c « 'n ^ — 1,250,000 13,ooo,qp0 367,306,000 / >nnn t4.074,000 17,73 5,000 13,247,000 — 3 ,9 38 , 000 55,579,000 17^097^000 17,oyf,uuu . - l l ,l d /,u j u . — ■>^ $499,087,000 266,243,000 22.494.000 288,737,000 (a)January 8 , 1915. 232,125,000 • • ** *• * 428.000 232,553,000 17.997.000 250,550,000 5.893.000 13.786.000 15.257.000 9.109.000 1.320.000 45,365,000 (13,008,000 ( 4,410,000 11,367,000 8.557.000 3.745.000 36,677,000 3,686,000 ( 1,780,000 12 220.000 21.910.000 20.767.000 6.547.000 491,110,000 9.483.000 27.029.000 15.523.000 7.723.000 3.124.000 414,380,000 7.898.000 13,895,000 8.379.000 6.107.000 3.694.000 365,387,000 705,000 5.762.000 5.038.000 6.249.000 9.121.000 287,301,000 54.915.000 (a)l5,101,000 400.012.000 13.486.000 fa) 7.596,000 491.110.000 54.781.000 15,000,000 326,787,000 15.225.000 2.587.000 414,380,000 54.104.000 • • • *• # 295,808,000 13.375.000 2 , 100.000 365,387,000 December 30, 1915. October 8 , 1915. 227,769,000 265.546.000 55,850,000 77.293.000 1.124.000 284,831,000 344.963.000 21.302.000 13.525.000 306,133,000 358.488.000 January 7, 191o. $272,018,000 Gold settlement fund..................................................... Gold redemption fund with U. S. Treasurer............... Total gold reserve................................................ Legal tender notes, silver, etc.................... ............ Total r e s e r v e ..................................................... Bills discountod and bought: Maturities Within 10 days.......... . ......................... From 11 to 30 days............................... « 31 to 60 days............................... « 61 to 90 days............................... Over 90 days.......................................... Total....................................................................... 483 UNITED STATES AT CLOSE OF BUSINESS JANUARY 7, 1916. BASICS OF THE • 6.467.000 14.278.000 16,859,000 13,696,000: 4.081.000 55.381.000 . 15,79-7,000 July 9, 1915. 218,021,000 47,106,000 . '! 9,876,000 L I A B I L I T I E S . Capital paid in ................................................. ............ 2^ i ' o g S Government deposits....................................................... ~ 23, «4 1 ,0 J\ Reserve deposits - Net........................................ ......... Federal -reserve notes - Net........................................ fo* rinn All other liabilities................................... ............... ....... 1 TOTAL LIABILITIES................................................. $499,087,000 Gold reserve against net liabilities (A )................ Cash reserve against net liabilities ( A ) . . ............. Cash reserve against net ’deposit liabilities after setting aside 40$ gold reserve against net amount of F. R. notes in circulation (A )........................... Less items in transit between F Jf*. 81. 9$ 84.1 4 64.6$ 87.9$ 81.5$ 87.6$ 87.8$ 95.3$ 86. 2^ 89.6$ 89.8 $ 97.8$ R. tanks - v iz :$1 1,13 7 ,0 00 20,767,000 7,723,000 18,058,000267,389,000 1,854,000 287,301,000 88 .5$ 95.3$ . 6,107,000 (a) Amended figures. 95.7$ 6,249,000 ;• 483 IReleased for publication Sunday morning January 9, 1916. Not earlier. WEEKLY STATEMENT OF RESOURCE ..'ID LIABILITIES OF EACH OF THE 'TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINEE JANUARY 7. 1916, (in thousands of dollars. ^ R E S O U R C E S , N. Y. Phila. Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas.Cy. Dallas S .Fran. TOTAL. . Boston 8,590 3,964 4,096 272,018 3,053 5,020 37,298 3,180 5,491 5,915 9,600 Gold coin and certif.in vault $16,673 169,138 81,150 2,151 8,812 11,880 3,944 7,580 3,321 2,372 8,707 8,897 11,661 10,222 1,603 Gold settlement fund _ — — ---1,250 107 30 260 307 25 334 15 172 Gold redemption fund 7,027 10,848 13,036 15,976 354,418 8,648 39,670 10,785 18,291 178,017 14,812 21,261 16,047 Total gold reserve 15 12.888 374 163 138 93 109 148 702 5.379 3.773 1.298 696 Legal tender notes,silver,etc!. 367,306 11.011 13,410 15.991 7.120 10.923 8.796 40.372 22.559 16,156 183.396 18,585 18,987 Total reserve Bills discounted and bought 30,531, 406 3,414 4,391 4,167 1,169 7,388 l , 2i 6 164 445 7,331 234 206 Commercial paper 25.048826 495 759 549 2.328 150 942 72 2.512 6.867 9,548 Bankers1 acceptances 55.5793,909 4,391 1,975 1.232 6.495 1,718 1,387 7,460 2.676 7.481 7,073 9,782 Total — — 16,73 4/ 1,000 2,120 870 971 1,329 4,242 ’ £5 2,400 2,791 986 Investments: U. S. "bonds 17,097 335 76 911 278 330 1,163 332 2,767 158 1,448 its 3,171 6,128 Municipal warn , 24,156 1,221 719 1,665 992 496 462 780 17,821 Federal reserve notes - Net 2 , 2 l0 (a )ll,1 3 7 / —— 1,599 1,991 5,045 969 6,186 1,671 1 , 229 1,110 3,515 219 Due from other F. R. banks - Net 7,078 1,045 118 100 ' 685 " ' 187 1,492 130 1.531 445 584 415 ' 346 All other resources 499,087 22.107 20,761 19.602 17.215 19.371 60.310 18.403 25.596 31,562 217.542 30.095 31,130 TOTAL RESOURCES — - - - - - - - - - L I A B I L I T I E S Capital paid in Government deposits Reserve deposits - Met Federal reserve notes - NetDue to other F. R. banks - Net All other liabilities TOiAL LIABILITIES 5,158 517 25,887 -- 11,058 4,502 187,375 -(14,607 31.562 217.542 5,938 293 24,899 -- 3,357 5,384 11,157 5,674 -- i 30.095 31.130 24 25.596 5,270 537 24,288 -- 6,645 2,420 5.828 (b)-323 8,173 53,988 -2,849 101 19.371 _. 60,310 2,781 525 15,097 -— 18.403 — 2,547 405 14,263 -— 3,026 417 14,829' 1,330 2,753 5,092 9,787 3,129 3,942 664 17,501 -- 54,895 23,841 407,244 12,982 19.602 — 20.761 —_ 22.107 125 499.087 — — 17.215 M E M O R A N D U M . F. R. notes issued to the banks 10,020 F. R. notes in hands of banks 780 F. R. notes in circulation 9.240 Gold and lawful money with AgentlO,020 Carried to net liabilities -Carried to net assets 780 (a) Items in transit i. e. total 91,840 9,160 11,200 15,030 18,350 4,380 8,950 14,000 11,000 15,145 17.921______496______ 462______ 206 1,301 1,665______719______992______ 670______ 576 73.919 8.664 10,738 14,824 17,049 2,715 8,231 13,008 10,330 14^569 91,740 9,160 11,200 9,150 14,200 4,380 8,950 14,000 9,000 11,440 -~ ~ ~~ 5,674 2,849 ---1,330 3,129 17,821______496______462_____~ ~______ r_~____ 1 >,6.65______719_____ ~ ~_______________~—~ amounts due from less total amounts due to other F. R. banks, (b) Overdraft., 6,450 215,525 1,221___ 27^009, 5,229 188,516 6,450 199,690 -12,982 -- 24,156 438 Released for publication Sunday morning January 9, 1916. ^ . F6ReC6ivedSfreE ^ C o m p t r o l l e r Hot Earlier. STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS JANUARY 7, 1916. (in thouanads of dollars) Boston H. Y. Phila. Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas. Cy. Dallas S.Fran. $16,360 Returned to the Comptroller 108,240 500 -- 12,480 12,600 17,000 20,400 9 ,3 8 0 .9 ,6 0 0 19,000 640 8G 11,840 12,520 17,000 20,400 9,260 9,600 19,000 13,000 TOTAL 19,580 10,000 267,640 61 *30 1,631 13,000 19,519 9,770 266,009 120 15,860 108,240 5, G40 16,400 2,680. 1,320 1,970 2,050 4,880 650 5,000 2,000 4,374 3,320 50,484 Issued to F„ R. bank less amount returned to F. R. Agent for redemption 10,020 91,840 9,160 11,200 15,030 18,350 4,380 5,950 14,000 11,000 15,145 6,450 215,525 Amounts held by F. R. Agent: In reduction of liability on ^ outstanding notes: On hand: Gold coin and certificates 10,020 91,740 4,160 10,670 3,950 10,000 2,000 9,540 —— 142/580 _ _ -- - - -- - - 650 Chargeable to F. R. Agent In hands of F. R. Agent Lawful money Credit balances: In gold redemption fund 530 _ _ With Federal Reserve Board 10,020 T O T A L Aasount of commercial paper delivered to Federal Reserve Agent -- * : t .. . -- -- - - —— — -- 120 -- 4,260 5,000 -- 9,150 13,700 100 -- -- 5,580 4,150 91,840 9,160 11,200 15,030 18,350 100 -- - - 5,976 4,150 -- Ab security for outstanding notes: Commercial paper -- 500 __ L __ 4,380 5,000 8,950 _ — -4,000 14,000 r -- -- 7,000 1,900 6,450 56,460 2,000 3,705 -- 15,835 11,000 15,145 6,450 215,525 2,006 3,958 - - 16,190