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leased tor publication Sunday morning May 7, 1916. Not earlier STATEMETJ’ FOR THE PRESS. May 6, 1916, Considerable gains in the holdings of United States bonds and mu nicipal warrants, and withdrawals of cash in somewhat smaller volume, are indicated by the regular weekly statement of the Federal Reserve - Board showing the condition of the Federal reserve banks as at close of business on May 5th, All the Eastern banks report smaller gold reserves than the week be fore, New Yorkfs decrease being caused largely by a deposit of over 2,5 millions of gold with the Federal Reserve Agent to reduce the bank's liability on outstanding Federal reserve notes, Richmond and San Fran cisco report substantial gains of gold as the result of the last settle ment, The total cash reserves of the banks show a decrease for the week of $6,337,000, 'the larger losses of cash indicated for the New York, Philadelphia, Cleveland and Kansas City banks being offset in part by gains made by the Richmond, Minneapolis and San Francisco banks. Of the total amount of discounted paper about two-thirds, or $13,731,000, is in the hands of the three Southern banks, This figure, is about 38 per cent less than in the beginning of the year. Less than 30 per cent of all bills held by the banks at present are discounts, as against 58 per cent in the beginning of the year. Acceptances on hand show but little change in volume since last week, Philadelphia reporting the largest net gain in its holdings of foreign trade acceptances. Of the total bills held by the banks 34.2 per cent matures within 30 days and 40*6 per cent after 30 but within 60 days, Over 13 per cent of the total discounts, or about 2,6 millions, is agricultural and live stock paper, maturing after 90 days. Dallas, Kansas City and Chicago report nearly three-fourths of this class of paper. No change is shown in the amount of Treasury notes held by the banks. The amount of United States bonds owned by the banks is now in excess of 50 million dollars. About 11.5 millions of this total has been deposited by the banks with the treasurer of the United States to secure circula tion, Against the amount deposited the banks report $5,318,000 of bond-secured notes received from the Treasurer, and $1,694,000 of such notes in actual circulation, Municipal warrants on hand increased dur ing the week 2.2 millions, all the banks active in this field, except Boston, showing larger figures than the week before. Of the total earning assets 31,1 per cent is represented by United States bondsj 29.6 per cent by acceptances; 24.3 per cent by warrants; 12,6 per cent by discounts; and 2.4 per cent by 3 per cent Treasury notes. The ratio of earning assets to paid-in capital stands at pre sent at 294 per cent, compared with 284 per cent at the end of the pre vious week, and 152 per cent at the beginning of the year. As the result of the adjustment of accounts following the transfer of member banks from the 11th to the 6th district, the Atlanta Federal Reserve Bank reports an increase of $61,000 in its paid-in capital. The total paid-in capital of the banks shows a decrease of about $53,000 since the beginning of the year. Government deposits decreased slightly during the week, while net bank deposits increased over 6.9 millions, Chicago, New York, and Philadelphia reporting the largest gains under this head. Federal Reserve Agents show a total of $187,452,000 of Federal re serve notes outstanding, against which they hold $178,042,000 of gold and $9,978,000 of paper. The banks report $160,306,000 of these notes in actual circulation. Their aggregate net liabilities on the notes issued to them is stated as $8,573,000. --- ■ . - -• • . -643_ Released for publication Sunday morning May 7 , 1916. Not Earlier. 'TSTATEMENT ^ ’©HBIBED RESOURCES AND LIABILITIES OF TIIE • TWELVE FEDERAL RESERVE BOIKS OF THE UNITED STATES AT CLOSE OF BUSINESS MAY 5 , 1916 . R E S 0 U..R .C...E .S . ^ May 5 , 1916* Gold coiB and certificates in vault.......................................... $232,284,000 Gold settlement fund........................................................................72,621,000 Gold redemption fund with Unxted States Treasurer................ . 1 .6 9 2 .000 Total gold reserve... ....................................................... •••306,597,000 Legal tender notes, silver, etc....................................................-IQ ,259,000 Total reserve.......... .................................................................316,856,000 Billo discounted and bought : Maturities : Within 10 days............................... ....................... 9,623,000 From 11 to 10 days................................................ 13,623,000 From 11 to 60 days................................................ 27,568,000 From 6 l to 90 days...................... ........................ 14,487,000 Over 90 days.......................................\ .................^.,646,000 Total........................ ................................................................. 67,947,000 Invc3taents:United States bonds...................................... ............ 50,137,000 One-year United States Treasury notes.................. 3,840,000 Trt, , . " “ niolpal T ruo fro, Federal ™ April 23, 1916 . February 4, 1916 . November 5;1S15' 234,304,000 255,463,000 232,678,000 75,421,000 85, 368,000 60,810,000 _ 1,4^7 .000 1,167 ,000 _ 1 , 227,000 311,182,000 342^004,000 294,715,000 12,011,000 l 4 , 617 ,000 11,567,000 323,193,000 356,641,000 326,282,000 ^a7 7, 1915- 9,153,000 15,291,000 127 , 598,000 Xl4,585,000 2,406,000 69,033,000 45,841,000 3,840,000 rants..................................................... -36,ffi,'ooo :::::::::::::::::::::::: S5&2S - f t * ...................................... . 6,002,000 11,353,000 20,740,000 10,391,000 2 ,8 1 7 ,000 51,323,000 24,341,030 „ . 5,863,000 10,436,000 15 , 606,000 8,498,000 2,724,000 43,127,000 10,533,000 ( ->c r n non ( 12,334,000 ( 7 ro, nnn ( 7.093/000 " 35,440,000 6 811 000 * 20, 8^6,000 22 , 1^ ,6 0 0 2 i.H 1 i.o ii £ & * j g 17,328 000 TOTALrS w 4 S s ...................................................................... s H S ' o r o iOTAL RtSOJRCES................................................................... . . 5<?,t>94,000 L I A B I L I T I E S . 241,051,000 ... 981,000 244,034,000 34,021,000 278,055,000 E s f r P ' 000 519 , 635,000 ------ - . H-SO^ OOO 513,997,000 „ 53 487 000 5^,793,000 40,660,000 413,011,000 8,851,000 1,669,000 651^000 4 l9 ,l37,000 9,96 6,000 ...... " ’ 117.000 25. 6^,000 519, 635,000 513, 997,000 Sj&A o o o ^o j^o o o 67 -9$ 70-25S 69. 5^ 72.2 f 77 *1^ 80.4$ 81.1# 90. if 82-9$ 94,5^ 70 . 7$ 72.8$ 81 . 3# 92.05$ 96 .63& Gold reserve against net deposit and note liabilities ( a ) Cash reserve against net deposit and note liabilities (A) Cash reserve against net deposit liabilities after setting as ids 4 ($ gold reserve against aggregate net liabilities on Federal reserve notes in circulation ( a ) ( a) Less items in transit between F .R . b&nk3 , viz: (X)amended figures ', 328,000 ~ 14,658,000 29, 850,000 „ 15 , 223,000 5^,848,000 15, 000,000 346,063,000 13,661,000 3 7 1^000 000 361^03 Capital paid in ................................................................................ ^ S l S 'o n R government deposits......................................................................... 40,414,000 Reserve deposits - Net.. ..............................................................419,943,000 Federal reserve notes - Net.......................................................... 8,573,000 Federal reserve tank notes in circulation--..*................. . .. 1,69^,000 All other liabilities............................................................................. 208,000 T O m liabilities.............................. ..........................« 54,907,000 2,962,000 432,719,000 ' S , 147,000 12,483,000~ 233 316 000 l l ' 197*000 J " i 0 « 000 10,139,000 Released for publication ^iuTti&ay morning May 7, 1916. Mot earlier. 643 b. WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BAIIKS AT CLOSE OF BUSINESS MAY 5, 1916, > (in thousands of dollars) R E S O U R C E S . Boston M. Y. Phila. Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas. Cy. Dallas S.Fran. TOTAL $5,600 138,830 8,001 11,845 Gold coin and certif.ln vault 4,187 3,819 3,793 5,269 232,284 4,872 6,140 35,047 4,881 10,218 8,602 6,386 Gold settlement fund 6,534 2/764 2,929 3,371 4,750 3,694 8,618 72,621 9,933 4,822 5 250 50 57 321 10 1,6 92 Gold redemption fund 389 71 210 99 30 200 15,823 147,682 14,437 18,436 15,126 Total gold reserve 8,573 7,952 12,647 8,043 306; 597 9,458 38,618 9,802 188 927 2.463 Legal tender notes,silver,etc 1.033 737 19 10,259 132 243 2.974 853 555 135 16.011 150.145 15.364 19.469 15.258 Total reserve 9.701 41/592 10.655 8.087 13.384 8,062 316.806. 9.. 128 306 393 601 20,300 Bills d is counted — Mamba rs 3,371 1,749 4,577 300 5,783 1,679 495 591 455 _ _ 10,418 47.647 17.692 7.365 2.001 480 1.050 2.120 Bills bought in open market 966 3.055 1.468 1.032 10.724 18.085 67.947 7.966 4.337 2.301 4.734 4.577 Total bills on hand 1.623 *2 .799 2.575 6.263 1.963 3,477 3,538 3,082 5,800 9,070 Investments: U* S. bonds 1,295 2,033 2,959 2,699 2,866 3,565 ,,> 0 ,1 3 7 9,753 - - - - - - t 3,840 One—year U.S.Tre?.s,notes 250 1,532 462 456 380 350 410 —_ -— 2.394 16,126 Municipal Warrants 3.762 5.210 60 1.791 1.429 1.081 2,388' 39,154 4.913 16.450 39.220 15.728 13.311 8.074 6.370 19.400 6.731 6,463 13.360 7.443 8. 5#8 161.078 Total earning assets _ _ -- 947 14,338 257 1,427 481 1,264 1,658 26,309 ~ Federal reserve notes - Net 1,061 4,876 _ _ -2,599 628 468 1,895 288 2 >044 1,503 2,213 Duo from other F. R. banks - Not 4,265 2,563( a )l 7 ,328 323 69 301 646 487 527 All other resources 121 103 131 913 164 338 4,123 34,157 204.026 34.017 34.030 25.330 18.269 67.402 20.829 18.652 24,187 21,740 24,193 525,694 ■4 TOTAL RESOURCES L I A B I L I T I E S . 4,950 Capital paid in 1,863 Government deposits 27,324 Reserve deposits - Net -Federal reserve notes - Net F. R. bank notes in circulation -Due to other F. R, banks - Not 20 All other liabilities 34.157 TOTAL LIABILITIES 11,299 8,198 183,605 -- 5,216 1,959 26,842 -- 5,948 779 27,303 924 _ _ . 204.026 --34.017 -_ _ 34.030 3,926 1,917 18,320 --- 30 24.193 54,862 40,414 419,943 8,573 1,694 - -. . 208 525,694 M E.MORAHDUM . 3,791 10,740 73,307 7,304 13,095 6,778 10,513 10,690 14,634 9,405 15,593 11,602 F.R.notes issued to the banks 947 257 1.427 316 4,876 292 1.264 1,061 481 1,658 229 14,338 F.R.motes in hands of banks 15.277 2,133 6.726 58.969 6,243 11.668 9,793 9.176 6.521 10.032 10,398 13.370 F.R.notes in circulation 73,307 3,791 7,304 13,095 6,778 10,513 . 6,070 14,634 8,305 11,903 11,602 Gold and lawful money with Agsntl0,740 257 4,876 481 1,264 1,427 1,658 1/061 14,338 Carried to net assets 947 871 ... 3*374.. 4.328 ’Cr.rriod to net liabilities - - -—--s~~~—■ ----.«..------- ---- 4—— --------—--------- --------- --- ---------(a) I tains in transit i; total amounts duo from less total amounts duo to other F, R. "banks. 187,452 27,146 160.306 178,Q42 26,309 8,573 - - 3,344 6,179 11,435 4,328 2,469 6, 767 8,919 •_ _ 44 25.330 -114 18.269 - - 6,672 1,334 59,396 - - 2,788 3,482 14,559 - - -- - 67.402 - - 20,829 2,573 573 15,506 ---18,652 3,002 1,429 17,191 871 1,694 -- 24,187 2,675 5,934 9,543 3,374 -214 _ _ 21.740 Released for publication ^n da y morulng Ma7 7 >■ 6H3C Hot .Earlier* STATEMENT OF FEDERAL RESERVE AGENTS1 ACCOUNTS AT CLOSE 0? BUSINESS MAY 5, 1916 . (.In thousands of dollars). Boston S*Fran. TOTAL Phila. Clevel. Richniv Atlanta $ 20,380 11^,240 15,480 13,360 17,000 20,400 9,380 9,600 19,000 13,000 23,580 12,160 28^,580 2,160 25,733 2,609 1,147 2,910 1,670 7 08 534 195 602 1,560 558 40,38b 18,220 ^ ,5 0 7 12,871 12,213 14 ,090 18,730 8,672 9,066 18,805 12,398 22,020 11,602 7,480 1^,200 6,093 1,700 3,4oo 4,096 4,881 1,762 5,710 2,993 6,427 « * 4 24V, 194 lp\ ^ ,7 4 2 10,740 73 >307 6,778 10,513 10,690 14,634 3,791 7,304 13,095 9,405 15,593 11,602 187,452 10,200 70 ,717 3,360 9,700 • « » t # « 2,850 10,040 3,910 9,540 « « 120,317 Credit balances* In Gold redemption fund 540 2,590 508 813 ■With Federal Reserve Board * m m * 9 2,910 Federal Beserve notes : Received from the Comptroller Returned to the Comptroller Chargeable to F* R- Agent In hands of F- R. Agent Issued to F, R* Bank less amount returned to F* R~ Agent for redemption -4 Chicago St.Louis Minnls • Kas »Cy. Dallas H. Y. Amounts held by F. R, Agent in redemption of liability on outstanding notes: On hand: Gold coin and certificates As security for outstanding notes: Commercial pamper .. . T O T A L Amount of commercial paper de livered to Federal Re-serve Agent 7 * ... 10,7^0 » m * * 73,307 • * • * % * * • * 4 4 4 • 10,513 » % * • • * • • 340 1,184 381 424 705 495 783 232 8,995 5,730 13,'450 3,^10 4,030 2,350 3,900 1,580 11,370 ^ 8,730 • » • « « # 1,100 3,690 13,095 9,405 15,593 • ♦ 1,104 4,248 4,620 * 6,778 * * 4 % » t « 10,690 4,626 -m m mm* 14,634 « * » 3,791 ♦ * . * » « « 7,304 * » « * * « » » * * m « 9,410 11,602 187,452 # » t * « 9,978
@FedFRASER