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Released for publication Sunday morning June 25t 1916. Hot earlier. STATEMENT FOR THE PRESS. June 24, 1916. Substantial gains creases in the amounts of the Federal reserve statement issued today ness on June 23, 1916. in gold and total reserves, and considerable in of acceptances on hand, and of government deposits banks., are indicated by the regular weekly bank by the Federal Reserve Board as at close of busi St. Louis and Richmond report increases in gold reserve of 2«4 and realizing upon their favorable balances due from other Federal reserve banks. The gains of 2.3 and of 1.1 millions shown by the Dallas and Minneapolis banks are due largely to the with drawals of gold ffom the Agents in exchange for Federal reserve notes. The gains just shown are offset in part by net withdrawals of gold at the Chicago, San Francisco and Boston banks, vised either for the pur-, chase of acceptances or in the upbuilding of favorable balances with other Federal reserve banks. 0.8 millions mainly frc© Aggregate holdings of discounted paper show an increase of over $300, 000, of which only about $ 100*000 represents the combined increase for ;the 3 Southern ba: ks, the most active in the discount field* The holdings of agricultural and live-stock paper maturing after 90 days in creased about $ 200,000 and are at present in excess of 4.8 millions, over 40 per cent of which is in the hands of the Dallas bank. Acceptances on hand increased over 4 million dollars, San Francisco, New York and Boston accounting in the aggregate for about 3«5 millions of the total increase for the week. Of the total bills, including acceptances, on hand over 30 per cent mature within 30 days, and over 35 Per cent after 30, but within 60 days. No changes are shown in the aggregate holdings of United States bonds and notes, only two banks reporting small bond transactions for the week. Municipal warrants on hand show a decrease for the week of $435; 000, Philadelphia Bank reporting liquidation on a large scale of its holdings of this class of investments. Total earning assets of the banks are at present 168.4 millions, or 3.9 millions in excess of the total reported at the end of the pre ceding week, and more than double the total shown about six months pre vious. Of the aggregate earning assets acceptances constitute at present 4l.O per cent; United States bonds 31*4 per cent; warrants 12.8 per cent; discounts 12 .3 per cent; and Treasury notes 2.5 per cent. Government deposits showan increase of 8*7 millions, all the banks except Minneapolis reporting considerable gains for the week. Net bank deposits decreased about 4.7 millions, all the banks except Cleveland, Minneapolis and Kansas City reporting smaller figures than the week be fore. Of the total net deposits the amount standing to the credit of the Government is now about 12 per cent, these percentages being much larger in the case of the three Southern banks. Practically no change is shown in the total of Federal reserve bank notes in circulation. Federal Eeserve Agants report a total of $ 176,955.>000 net of Federal reserve notes issued to the banks, or $ 2,847,000 less than the week before. Against the total outstanding they hold $l66,823>000 of gold and $10,578/000 of paper. The banks report a total of $153/038,000 of Federaljreserve notes in actual circulation,, and ag gregate net liabilities of $9,228,000 on notes issued to them by the Agents. " w m t t ^ w 'o ^ ^ 'R i i s c i K S S AND liabilities of the twelve federal reserve bams of the united states at close of BUSINESS JOl.E 23, 191°- RF Vo U R C E S June 23, 19 Id Gold coin and certificates in vault.......................... ................... $ 265, 6 * 3,000 Gold settlement fund.-......... . ................ . . . . . . . . . ...................... . . . . 1 0 6 , 1 0 1 , 0 0 0 Gold redemption fund m th United States Treasurer......... .......... a M f r gg Total gold reserve........... *............ — *................... .............. 373,b3°,0~10 ^ g a i tender notes, sUver, eta............. .......... ...............................■38 ^ 6 ^ 0 0 0 Total reserve................................. ........................................... ,fo^vuu. Five per cent redemption fund against F» R« bank notes....... . • 450,000 ^Maturities^^WitMn l O ^ a y s ........... -.......... , .............. . . . . . .......... * > * ! .« » From 11 to 30 days............. .................................... ^ 68o'oCX) " S t0 o S ^ay3..........................................................S s ? 6'ooo" 61 to 90 days........................................................ ^ S p 'n n o Over 90 days...................... ........... -............. . _3*^LflS2 ^ , ^ 03,000 Total............... ................................. ........................ ................. i Investments: United States bonds..................... ....................... ‘ - JJ.gO .O OO 'V One-year United States Treasury notes.................. Municipal w a r r a n t s . . . . . . . ......................... .........2|4 3|,g_S Total earning a s s e t s . . . . . ......... . . . . . . . . . . . . . ..................... 168,400,000 Federal-reserve notes - H e t . . . . . . . . . . ........... *,• * .......................... fq-P^OOO Due from Federal, reserve banks - Net.............................................. l g ,287,000 All other resources...................... ................................ $b03,e:ui,uuu TOTAL RESOURCES............... ......................................................... L I A B I L I T I E S . . r4 861 000 Capital paid i n . ............• • • ..................... ...................................... fih\qq‘,o00 Government deposits...................................... .......... ••••_?......... k7 ? Vl x OO O Reserve deposits - Net-...-......................... * ....................... .......... q*228*000 Federal reserve notes — Net.. . . . . . . . . . . • ......... ............ i 7? / 0 0 0 Federal-reserve tank'notes in circulation...-........................% ^ n n n All other lia b ilit ie s ,.................. . .................. ................. . TOTAL LIABILITIES*.......... .................. .......... ; - $603,201,000 • Gold reserve against net deposit and note liabilities (A )-JO ^P Cash reserve-against net deposit and note liabilities (A),...« 73*°/’ -flash reserve against net deposit liabilities after setting i p i d e 40$. gold reserve against aggregate n<?t liabilities fffk Federal reserve notes in circulation (A) « • . • • • • ......... {^-tcp - - - - — - -- — _ " " “ “ ~~ . * , Q Po7 non (A) Less items in transit between Federal reserve banks, viz. $19,287,000 http://fraser.stlouisfed.org/ Amended , Federal Reserve (a) Bank of St. Louis statement. (a)June 16 , 1916 . “ ^ c h 2^ / 1916 efe. 0fe .000 Deceriber 23, 1915 ^ 2 5 , 1 9 1 5 - * 0. | * . 00» v H k .000 W ^ S o ii c-- rim 381! 6 18 ^0 0 j ,_ > 5 , 3^12^000 i? ??x nno 3 5 ^ 7 ,0 0 0 ?hn non ^ ,0 0 0 ^ , 855,000 3 ^ 381,000 9,671,0003; 357 , 054,000 1.080.000 255,187,000 47 .848:000 303, 035,000 f c g g g '. ^ , 333,000 . ■28*727',000 21*106*000 17,861,000 10,070,000 21 434,000 18,635,000 . 12,830,000 7 ^ 5 1>°°Q 4 611,000 2.028,000 ^ 073.^00 4,62.1^000 | ^ 6 0 ^ 5 0 ,0 0 0 5 ^ 1 ,0 0 0 • 3$>375*000 52 87 5 000 40,184,000 15, 060,000 7,601,000 k'ion non . ... . .. .. . . • £ $ , '0 0 0 ^- 663.000 l H ^ O g S . 1 1 .5 0 % ° ° ° -i64 507 000 133, 403,000 83, 575,003 55,485,000 24,419,000 . 24,849,000 21,008,000 . 9,124,000 21,365,000 12,628,000 24,977,000 8,311,000 5 53^000 4,571,000 4,194,000 . 5 ,50^ 022 597,897,000 529,998,000 -. 490,808,000 381,456,000 » 21, 54,864.000 55,751,000 477,293,000 8,003,000 1,726,000 k o 000 597,897^000 7q U * _______________ 21, 365,000 54,910,000 35,088,000 428,816,000 9,977,000 1,053,000 154,000 529,998,000 74.2$ 54,901,000. 15,000,000 398, 603,000 14,670,000 . 7.6^4,000 490,808,000 86.1$ QQ^ .54,200,000 • . .. 311,349,000 12,617,000 77 . 6$ ' 90 . 4$ 98*3$ 12, 628,000 24,977,000 3,290,000 381,456,000 • 80. eg <$>.<$> 8 , 311,000 "Aeleztf' .ic at. ion .Sunday morning June 25, lgi6. Not earlier. • 711 'WEEKLY- STATEMENT 01 RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUNE 23, 1316 (in thousands of dollars) R E S O U R C E S . Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas.Cy. Dallas S.Fran. TOTAL Gold coin and certif.in vault ?U S o k Zl ,3 A ol ¥ ' 185 6' 220 42^ 3 9 M 74 6,455 i+,225 5,735 5,7*1 265, 6^3 Gold settlement fund 14,430 4,055 13 / 287 11,302 14,663 5,392 4,562 6,394 5,628 8,181 9,055 9,152 105,101 Gold redemption fund ________________ -5—_ — 250---50 J 2O___ 32 410 4-83 200______ 88_______ 30______ 79 257 10 ___ 1.824 Total gold reserve 20,490 160,683 22,424 24,119 20,122 12,095 47,701' 11 456 12 113 12,485 15,047 14,503 373,638 Legal tender notes,silver, etc, 17' .7,762 181 1.126 204 542 1,777 1,050 695 518 145 iU.02b Total reserve 20J.591 168,445 22^605 25,245 20,326 12 , 6^7 40.478 12,506 12,808 12,630 15,565 14,912 387,664 5% redempt.fund - F.R.bank notes 40u 450 50 Bills discounted - Members 279 *33 615 270 2,774 5,257 1>921 876 1,944 5/384 426 571 20,750 Bills bought in open market 12,174 23,341 10,294 4.501 800 J L 559 ^810_ 1,799 1,117 h § 9 ? . ■3,657 Total bills on hand 12.453 •23,7.74 10.909 4,771 4,228 6,057 4,333 5,813 2,675 3,061 5.384 6 .2 45___ 8 9 ,7 03 Investments:. U. S. bopds 3,082 3>463 3,538 6,706 1,684 1,605 3,512 3 ,1 1 1 3,609 9,753 52,875 2,959 9,853 One-year U.S.Treas,notes 250 1,532 462 456 350 350 380 4l0 4,190 Municipal warrants 2,620 4.726 1.881 60 *,587 3,401 •941 -1^239., 1 , 74.21,632 J m . Total earning assets 18,405 33,495 16.730 16.064 8,178 6,367 18,967 8,508 7,776 13,754 8,495 11,601 168 . 1+qo. Federal reserve notes - Net 402 965“ 13,718 327 1,728 1,700 1,220 844 --_ 2,109 23,013 Due f rom other- F. R. banks - Net *>759 4,514 1,19 4 520 6,585 1,494 93* 848 1,870 212 1 , 789(a ) 1 § ,287 All other resources 92 __________ 293 35 173 344 l ,l 4 l 432 J5_ _3l6_ 108 391 904 138 4.387 TOTAL RESOURCES ^ •>728— 215 , 951— * * J *6__ 43,174 29, 611 . 22,393 77,162 24,064 22.384 29.045 25,226 -30.549 603.201 L I A B I L I T I E S . Capital paid in Government deposits Reserve deposits - Net Federal reserve notes — Net F .R . bank notes in circulation Due to other F. R. banks - Net All other liabilities TOTAL LIABILITIES 4,925 . 3,867 35,857 --- 79 44,728 11,281 5,216 15,681 5,680 3 3 ,*3 8 183,557 5,966 1,2 51 35,957 3/357 7,580 l*,593 4/015 2,468 8,646 1 1 ,1 6 1 6,673 6,291 2,790 3,562 64,198 17,712 2,577 73* 19,073 3,001 1,560 21,999 762 1,723 2,676 6,185 11,9 14 4,451 3,933 3,462 23,154 --_ _ _ 5,*3^ 215.951 12 44,346 -41/174 66 29,611 118 22,393 77,162 24,064 2~27384 29.045 25,226 30,549 M E M O R A N D U M . F.R.notes issued to the banks 7,036 10,332 70,089 9,998 3,649 6,840 12,172 9,859 14,166 9,231 13,827 9,756 F.R.notes in hands of banks J 65 ■402 1,728 11,718 505 1,220 844 |22 1,700 76 .2,103 I£3_ F.R.notes in circulation ._ 1/3.67. 56,371 _6,il4 S^ 6j l . .9 , 354. . 12,438 1,949 5,620 11,328 8.908 13,751 ' 7.647 liojLd and lawful money with Agent 10,332 70,089 7,036 •9,998 3,649 6,840 12,172 5,339 l4,i66 8,146 9,300 9,756. ^Carried to net assets 965 402 13,718 1,728 1,700 327 1,220 844 2,109 fcarried to net liabilities ' _ -4,015 762 4.451 • • (a) Items in transit i. e. total amounts due from less total amounts due to other Federal reserve banks. 5 M 63 64,499 472,613 9,228 1,723 m . 603,201 176,955 .23,917 153.038 166,823 23,013 9,228 ReA©ased for publication Sunday morning June 25, 1916. Not earlier. 711. STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS JUNE (In thousands of dollars) Boston Richm. 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 10,332 70,089 7*036 9*998 9,700 65,817 3*330 9 ,4 oo 632 4,272 4i6 598 -- — - . Amounts held by F. R. Agent * in redemption of liability on outstanding notesr On hand: Gold coin and certificates Credit "balances: In gold redemption fund With Federal Reserve Bccard 3.290 — As security for outstanding notes:* Commercial paper Total .Amount of- commercial paper delivered to Federal Reserve Agent \ > 70,089 7,036 9,338 1916. Atlanta Chicago St.Louis Minnls . Kas.Cy Dallas S.Fran. TOTAL 17,000 20,400 9,380 9,600 19,000 13,000 23,580 13,320 295*540 3*64-1 2,138 850 998 298 851 2,664 764 51*549 13*359 18,262 8,530 8,602 18,702 12,149 20,916 12*556 243,991 3*500 4,096 4,881 1*762 6*530 2*918 7*089 2,800 67*036 9*859 14 ,166 3*649 6,84o 12,172 9*231 13*827 9*756 176*955 2,850 10,220 4,000 8,040 113>357 339 1*166 339 340 602 446 630 4o6 10,186 5,000 13,000 3*310 3*650 1*350 3*700 630 9*350 43,280 1*085 ^*527 --- 10,132 9*231 13,827 1*094- 4,884 4,520 10',332 23, c. 9*859 4,600 14,166 3*64-9 6,840 12,172 9*756 176,955 10*578