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935 Released for publication Sunday morning December 2U, 1916 . 0 - . Not earTier STATEMENT FOR THE PRESS* D&cember 23 ,> 1916* Further gains of about 15 m illions in the combined gold re serves of the Federal reserve banks, due in part to increases in net deposits, partly also 1 0 1 iquidation of short-term paper and the is sue txx some volume of Federal reserve notes, are indicated by the Fed eral Reserve Board 1s weekly bank statement issued as at close of busi ness on December 22, 1916 * The week witnessed also the transfer of over 5 m illions of gold from the banks to the Agents against Federal notes is s u e d . New York reports an increase for the week of about 20 millions in gold, together with a gain of 5 *^ m illions in net d e p o sits. The bank realized also about 7*2 m illions upon its balance due from other Federal reserve banks and liquidated 6*2 m illions of earning assets* P hiladelphia shows a gain of about 3*5 m illio n s, the-larger increa.se in deposits being offset in part by the change of an unfavorable balance in account w ith other Federal reserve banks of 2 * 3 m illions to a favor able balance of over $300, 000* Decreases in reserve shown by other banks are accompanied either by gains in earning assets or by increases in the amounts due from other Federal reserve banks. Discounted paper on hand decreased about 5 * 5 m illio n s, the eastern Danks reporting the largest decreases under this head. Of the total discounts, 9*7 m illions is represented by member ban ks 1 collateral notes, as against 1 2 . 5 m illions shown the week before* Holdings of b ills bought in the open market, chie fly bankers 1 acceptances, show a gain of about 1*7 millions,,. Cleveland, Richmond and Kansas City report ing the largest increases for the weak. Of the total b ills on hand ^5»7 per cent mature w ith in 30 days and 31*5 per cent after 30 but w ithin 60 days* Five banks report transactions in U. S . bonds, resulting in an increase of $ 8 5 6 ,0 0 0 in the total amount M L d . No change is shown in the aggregate holdings of Treasury no tes♦ The decrease of $ 638,000 in the total holdings of m unicipal warrants is due largely to liq u id atio n of city notes by the Boston and New York banks< Total earning assets f e l l off about 3*5 m illions and constitute at present 39® P0r cent of the banks 1 paid-in c ap ital, as. against U05 per cent reported the week b e f o r e . Of the t o t a l, 56 .1 per cent is rep resented by acceptance^;* 19*6 per cent by U. S . bonds; l4#5 P®r cent by discounts; 5 per cent by Treasury notes; and 4 .8 per cent by war rants . Government deposits show an increase fcV the week of about $ 7 0 0 ,0 0 0 , New York and Chicago reporting considerable gains in the hold ings of Government funds. Net bank deposits increased about 5*7 m illions, the New York, P h ilad e lp h ia , and Chicago, banks showing substantial gains under this head. Federal reserve agents report a to tal of $ 29^ , 7 ^ 6,000 of notes issued - an increase of $ 6 ,9 8 8 ,0 0 0 for the week. Against the total issued they hold $ 2 7 8 ,5 2 8 ,0 0 0 of gold and $ 1 9 ,0 7 7 ,0 0 0 of paper* The amount of Federal reserve notes reported by the banks in-actual circulation - $275>~ 0 4 6 ,0 0 0 - shows an increase of $ 8, 670, 000, while the amount of notes held by them decreased about $ 1 ,6 8 2 ,0 0 0 . The banks 1 l i a b il i t i e s upon Federal reserve notes issu ed to them total $ 1 5 /7 5 4 ,0 0 0 , an increase of $ 3 ,1 4 8 ,0 0 0 for the week* http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1 RP-iAoc,pd for Duplication Sunday morning December 24, 1916, Not earlier. 935' S&TEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS OF THE' IWITEI>- STATES AT CLOSE OF BUSINESS o r> ^ n tt r p v c; Gold settlenient fund.. • * • • • » * • « • * December 22, 1916December 1 5 , l 9 l 6 September 22, 1916 x H->000 “ : S ^ c)!-? aaa ° 0 i oln * 1 $ 3 ^ j jf r Five per cent redemption fund against F, R. Bank n o t e s .. * 400*000 4 2 0 ,0 0 0 5 0 0 ,0 0 0 Bii 1 ! » r t ? i e ^ t 0W ith in 1)lOS day8 ................................................... Fr 0m 11 to 30 d a y s / .......................................... « 1 to 60 d a?s....................................... .. » 61 to 90 days................ ........................... Over 90 days. . . . . ............................................... Tnt.i ............................... 2 4 ,3 4 8 ,0 0 0 4 7 ,3 8 1 ,0 0 0 4 9 ,3 7 5 ,0 0 0 3 4 ,7 5 9 ,0 0 0 1 .0 6 7 .0 0 0 156 , 930,000 23, 817,000 5 1 ,3 0 7 ,0 0 0 5 2 ,1 1 8 ,0 0 0 3 2 ,3 4 2 ,0 0 0 1 .0 8 2 ,0 0 0 160", 666,000 2 4 ,3 7 8 ,0 0 0 2 4 ,2 3 8 ,0 0 0 3 7 ,8 9 3 ,0 0 0 2 3 ,5 9 4 ,0 0 0 „ 1 ,48.7.,000 1 1 1 , 590,000 Investments: U n ited 'States bonds' ! ^ ................................. One-year United States Treasury n o te s .......... 4 .......................... ■ Total e a r Z w e t ! ...................... ...................................... Federal reserve notes - N et......................................................... D ^ f a » F d e r a l reserve b a n t s . . . N e t . . . . . . . . . .................... m n+hpr ..................................................... total'reso urcSs'.; . ' ..................................................... 4 3 , 5 0 4 ,0 0 0 1 1 ,1 6 7 ,0 0 0 10 , 557,000 2 2 2 ,1 5 8 ,0 0 0 1 9 ,2 3 6 ,0 0 0 > 9 ,3 1 f,O C O ^ , 506,000 $ 75b , 56o7 ooo 4.2,648,000 1 1 ,1 6 7 ,0 0 0 1 1 ,1 9 5 ,0 0 0 ~ 2 2 5 ,6 7 6 ,0 0 0 1 9 ,5 0 4 ,0 0 0 > f f ,5 * ,0 0 0 4 ,6 5 6 ,0 0 0 • 741 , 051,000 4 7 , 5 53,0 00 8 ,0 3 9 ,0 0 0 _24A 3I^o o o 1 9 1 ,3 1 9 ,0 0 0 1 6 ,0 8 0 ,0 0 0 © ,g * ,0 0 0 8 , 4 5 1 ,0 0 0 631 , 701,000 ^ p i J A a i d i n 1 T I '.E . S . ‘ ........................................................... aovera-ent deposits.................. .......................................... ............ Member*bank deposits - N et............................................................ Federal reserve notes - N et........ ................................................ $ 55 , 765,000 2 9 ,4 7 2 ,0 0 0 6 4 8 ,7 8 7 ,0 0 0 1 5 ,7 5 4 ,0 0 0 Federal reserve bank notes in c ir c u la tio n ............................ All other l i a b i l i t i e s ..................................................................... TOTAL L IA B IL IT IE S ................................................................... ............... 7 8 2 .0 0 0 $ 7 5 0 ,5 6 0 ,0 0 0 23,1916 December 23,1915- June nnn & 2 S i &qU ono & & t W w M i Z 'Z 1 ppU non g f fk m o & > S S 4 5 0 ,0 0 0 1 4 ,4 5 1 ,0 0 0 6 , m ,000 1 2 ,9 1 8 ,0 0 0 13 ,5 |4 ,O O Q 3 1 ,6 8 0 ,0 0 0 1 7 ,8 6 1 ,0 0 0 25, 836,000 12 , 830,000 4 , 8 1 8 ,0 0 0 ......... 4 ,0 7 3 ,0 0 0 89, 703,000 5 4 ,4 2 1 ,0 0 0 5 2 ,8 7 5 ,0 0 0 4 ,1 9 0 ,0 0 0 2i , 632,,ooo 168 , 4 0 0 ,0 0 0 2 3 ,0 1 3 ,0 0 0 M ,W ,0 0 0 . 4 , 3 8 7 , 0 00 603, 201,000 1 5 ,0 6 0 ,0 0 0 • ... ... j & g ^ QQo 83,5 7 5 ,0 0 0 2 1 ,0 0 8 ,0 0 0 * ,W ,0 0 0 ...4 , 19 4 ,000 490, 808,000 5 5 ,7 3 1 ,0 0 0 5 5 ,4 2 3 ,0 0 0 • 5 4 ,8 6 3 ,0 0 0 28,7 62,000 3 9 ,9 4 7 ,0 0 0 6 4 ,4 99 ,0 0 0 64 3 ,1 36 ,0 0 0 5 1 8 ,4 5 6 ,0 0 0 * 7 2 ,6 1 3 ,0 0 0 1 2 ,6 0 6 ,0 0 0 l 4 ,o 0 5 ,0 0 0 5 4 ,9 0 1 ,0 0 0 15 , 000,000 3 9 8 ,6 0 3 ,0 0 0 1 4 ,6 7 0 ,0 0 0 • • • ■ ••• 8 1 6 ,0 0 0 7 4 1 ,0 5 1 ,0 0 0 222 3 5 6 ,0 00. * 3 1 ,7 0 1 ,0 0 0 H e nm ■ 275,0,00. 603 ,2 0 1 000 G-old reserve against net deposit and note l i a b i l i t i e s (A) 69 . 8/^ 69 *6^ 7 *9>” Cash reserve against’ net deposit and note l i a M l i t i e s ( A ) 70*7a o^>6fo 71*0/ 73* Cash reserve against net deposit l i a b il i t i e s after set ting aside 40^ gold reserve against aggregate net lia^ ^ M l i t i e s on Federal reserve notes in_cir^ul? 1tion_^(A)_1._1 .______ __ 7 1 j ;3 ^ -------- - 1 0 *2£ --- ---- r ' r ------- T r (A) ■fl&Ss items in transit between Federal reserve banks, v i z . $ 4 9 ,3 1 8 ,0 0 0 4 7 ,5 8 6 ,0 0 0 2 9 ,2 6 6 ,0 0 0 1 ^ ,2 8 7 ,0 0 0 a* DECEMBER 2&,19l£ . 7 A^Ll Ann — L iiliiO O O ■ 4 9 0 ,8 0 8 000 *_i * *j'r nn w ~ ~ o h rv^rT 2 4 ,j 7 7 ,0 ^ 0 Released for publication Sunday moaning December 2.4, 3.91b« Not ear]- x e r . 535 b WEEKLY STATEMENT OF RESOURCES AND L IA BILITIES OF. EACH OF THE TWELVE FEDHAL RESERVE BANKS AT CLOSE OF BUSINESS DECEMBER 22,. 1916. (in thousands of d ollars) P h ila . R 0 U R C E S . Boston N. Y. Clevel. Richm. Atlanta Chicago St.Louis M innls. Kas.Cy. Da lias S.F ra n . Total 1 4 ,0 4 2 Gold ™ i n and c e r tii * in vault $ 1 1 , 55 2 1 5 1 .75 2 15.386 4,66' 28, 9 .9 8 2 8 .5 8 4 4,864 9,305 26 9,6 2 7 5 .5 5 0 5 .5 5 5 15,105 1 7 .^ 4 19,231 Gold settlement fund 1 8 ,6 0 6 " 1 9 ,8 2 6 29 18,065 l 4 ,5 7 U 10,692 1 7 8 ,8 1 1 6 ,5 6 2 5 .9 3 9 3 ,3 4 9 100 Gold redanption fund ______ 55.________250 __ 221 200 JO 104104 62 10 J03_ Total gold reserve 3 0 .^ 0 8 1 7 1 ,8 2 8 2 9 . 2 4 T 32,865 2 4 ,l i f 11,797 5 8 ,018 13,435 15 , 176" 23,719 19.500 20,007 41+9,917 Legal tender notes, s ilv e r , etc.. 165 2 ,8 7 0 ____ 77 514 10 109 * 483 1 ,3 2 1 172 _48 194 62 6.02*5 2 9 .3 2 4 3 3 .3 7 9 3 0 .3 7 3 1 7 4 ,6 9 8 Total reserve 24,127 11,906 58,501 1 4 ,7 5 6 15.3 4 8 23,767 19.694 20,069 455, 94? 5$ reiempt. fund - F ; R . bank notes . 300 100 . . -4oq B ills discounted - members 6 ,0 8 1 ' 4,345 2,902 5 .9 9 1 3,600 l ,4 6 o 995 3.366 1 .9 5 2 845 281 32,297 479 B ills bought in open market • 10,94-74 1 ,5 1 0 1 3 ,909 .3 .4 0 4 -9.750 8 ,8 3 4 6 ,9 8 8 4.693 2,036 12,448 1 2 4 . 633-L-Q3.9 4^075 Total b ills on hand 17,028 6,306 _ 4 ^ 5 S _ -iii.90.0 1 0 .7 45 8>059 ....1 2 ,4 3 4 8 .4 4 8 7 .9 9 1 4 ,5 5 4 2 ,8 8 1 12,729 156,970 1 .0 4 3 Investments: U . S . bonds 1.6 5 1 1,126 7.361 1 .3 3 2 1 ,7 1 0 8 ,4 5 8 2,2032 ,4 4 2 9 .2 1 6 4 ,3 2 8 2 ,6 3 4 43,50 'i 1,000 1.205 One-year U. S . Treasury notes 1 ,1 7 4 618- 1.070 824 1,5 17 891 700 963 705 500 11,167 i)20_ Municipal warrants 719 2 ,6 82 61 1 .7 50 ___________ ,______________ _______________________________402 1 ,1 9 0 729672 .164 127 941 10 , 55? J Total earning as sets gO^ggg-- ^ z 8 5 3 23,4 4 4 21,406 8,563 1 0 ,9 9 5 2 3 ,7 9 9 1 2 ,2 7 1 1 1,8 0 5 1 4 ,8 9 7 8 ,0 4 l 1 6 ,8 0 4 222,156 Federal reserve notes - Net 810 1 2,2 13 686 * ♦ • 1 ,1 1 4 . . 2,071 • • • 2 ,3 4 2 19,236 Due from other F« R» Banks - Net 6,032 6 ,8 2 0 3 ,7 2 4 337 1,133 1 .9 8 9 15,020 9 ,4 9 4 566 1 .5 9 9 86 3 , 518 (^ 49,318 111 other resources ______ 25" l 6l 255 207 _____ 718 600 277 14 138 558 497 3 .5 0 6 ' TOTAL'RESOURCES 5 7 ,5 2 0 3 4 3 ,7 47 .53 .36 0 5 9 .4 0 2 33,877 25,608 9 9 ,0 3 4 36,7 98 2 9 ,8 0 4 4 0 ,7 0 1 2 8 ,4 7 9 4 2 .2 3 0 750.560 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 A l l other l i a b il i t i e s TOTAL LIABILITIES 4 .9 9 0 2 ,3 6 5 4 9 .9 1 4 1 1 .3 1 4 5 .5 2 0 3 .1 6 7 226.177 43,629 5 .2 2 8 6,022 986 52,394 1 ,1 5 4 182 >136 5 L 5 20 _ 243.747 .5 1 ,3 6 0 . ... .. 3 ,3 4 6 2,663 24,381 3 ,4 5 6 • • * 2 ,4 8 0 6,685 3,760 2,515 15.780 8 9 .7 9 9 3 ,5 3 3 55 ....... 31 402, J k . 8 7 7 . 2 5 ,6 0 8 * 2,796 2,665 27.217 2,610 912 26,252 4 ,1 2 0 . • 35 9 9 .0 3 4 • « 3 6 ,7 9 8 30 2 9 .8 0 4 . 3.070 157 3 5 .4 8 4 1,990 • 1 4 0 ,7 0 1 2,695 3 .9 2 9 3,301 22.822 34,938 1,5 0 1 . . 1 .4 6 1 * * 2 8 ,4 7 9 62 4 2 ,2 3 0 -N 55,765 29,472 648 -,787 15.754 782 7 5 0 ,5 6 0 M E M O R A N D U M . F . R , notes issued tc the banks •.13 , 563/ 104,941 1 7 ,1 9 4 20,478 5,189 16,918 20,311 22,277 2 4 ,2 0 2 14 ,7 9 5 296,766 10 ,9 3 9 2 5 .9 5 9 F , R . notes in hands cf banks 810 12,213 146 686 988 1 ,1 1 4 227 .^ 7 4 550 2 ,0 7 1 2 ,3 4 2 199 2 1 ,7 2 0 F . R , notes in circulation 10*253 2 0 ,1 0 4 2 4 ,9 7 1 1-2J5LZ. 2 ^ 7 2 8 „ 17 ,048 1 8 ,2 4 0 4 ,0 7 5 1 6 ,6 9 1 2 1 ,7 2 7 2 4 ,0 0 3 1 2 ,4 5 3 2 7 5 .0 4 6 Gold and lawful money with agent 1 6 ,6 4 8 1 3 . 5 6 ^ 104,941 1 5 ,8 9 4 2 1 ,4 3 8 22,502 1 4 .7 9 5 2 7 8 ,5 2 8 1 0 ,9 3 9 5 ,1 8 9 1 2 ,5 7 1 20,311 1 9 ,7 3 7 Carried to net assets 810 686 12.213 • * 1 ,1 1 4 . . 2 . 1 9 .2 3 6 ‘ 2 ,0 7 1 '4|l?.rried to net l ia b il it ie s « * • • • * L 154 . 3 ,4 5 6 __ 3 .5 3 3 * • • • 1 ,9 9 0 1 ,5 0 1 . * 4 ,1 2 0 1 5 ,7 5 4 (a) Items in transit e . total amounts1 due from less to tal amounts due to other Faderal reserve banks Released, for publication Sunday morning December 24, 1916 . Not earlier. 935 - ©• STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF EUSINESS DECEMBER 22, (i n thousands of dollars) 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. bank less amount returned to F. R. Agent for redemption 1916 N. Y. P h ila. C level. Richm. Atlanta Chicago St.Louis Minnls. Kas.Cy. Dallas S.F ran. Total $ 2 8 ,8 8 0 173,400 30,4 8 0 l 6,660 29,530 7 ,3 5 7 53,139 6,026 3,621 6 ,5 2 2 3 ,7 9 6 21,523 120,261 24,454 1 3 ,0 3 9 22,978 3 1 ,5 8 4 7,960 15,320 7,260 2 ,1 0 0 2,500 5,625 1 3 ,5 6 3 104 ,941 17,194 1 0 ,9 3 9 20 ,47 8 2 5 ,9 5 9 12,600 9 9 ,0 5 2 3 ,8 2 0 1 0 ,2 8 0 963 5 ,8 8 9 894 659 35 , 380, 1 0 ,8 8 0 2 2 ,540 24,500 28,120 3 5 ,3 2 0 1 7 ,7 2 0 453,380 1 ,6 9 1 2 ,5 8 2 869 2,090 4 ,4 6 2 1,9 25 9 4 ,0 8 0 9,189 19,958 23,631 26,030 3 0 ,8 5 8 15,795 359,300 3 ,° 4 o 3 ,3 2 0 3 ,7 5 3 6,656 1 ,0 0 0 62,534 16,918 20,311 22,277 2 4 ,2 0 2 1 4,79 5 296,766 5,165 1 3 ,0 3 0 4 ,3 7 0 1 0 ,3 4 0 4 ,0 0 0 / 5 ,1 8 9 Amount held "by F. R. ‘Agent W in reduction of l i a b il it y on outstanding notes: On hand: Gold coin and ce rtific ate s 0 r e d ii balanc 9 s : In gold redemption fund W ith Federal Reserve Board -- As security for outstanding notes: Commercial paper Total - — 1 3 ,5 6 3 Amountc of commercial paper delivered _ to Federal Reserve Agent - - - 104 , 9)41 — — 3 ,4 6 0 648 2,0 08 179 896 1,031 1,107 1,232 5 ,0 1 0 6,510 6,250 14,260 1 0 ,9 3 0 2,540 1 ,7 0 0 - - 18 ,23 8 22,277 2 4 ,2 0 2 1 4 ,7 9 5 296,766 2,5 4 5 1 ,7 9 5 1 1 ,180 -- 16,000 15 ,9 7 0 1,300 -- 3,830 4 ,5 2 1 20,478 2 5 ,9 5 9 4 ,5 6 4 4 ,5 2 5 1 7 ,1 9 4 1,300 1 0 ,9 3 9 — — 162,117 — 5 ,1 8 9 4 ,3 4 7 16,918 4 ,3 4 8 — 20,311 . 475 14,320 1 5 ,9 8 1 100,430 19 ,077
@FedFRASER