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EXHIBITS Supplementing First Report OF THE Operations of the Federal Reserve Bank of Richmond WILLIAM INGLE Chairman of the Board January3, IQ i t FEDERAL RESERVE BANK OF RICHMOND , P ro fit and L oss A ccount From November 16 1914, to December 31,1916 $319,579.66 Current Expenses...................................................................... Organisation Expenses............................................................... Expense Federal Reserve Notes................................................... Depredation Furniture and Fixtures........................................... Dividend 5 per eent................................................................... Balance................................................................................... . $3X9,579.66 $319,679.66 $ 23,015.26 B alance Sh eet Close of Business, December SI, 1915 RESOURCES LIABILITIES $14*837,642.42 Gold and Reserve Cash............................................................. $15,545,015.65 Non-Reserve Cash.................................................................... 158,465.83 Net Liability Federal Reserve Notes.................... 5,221,660.00 Loans and Discounts ............................................ $7,650,865.56 Invsstmsnts (State warrants) .............................. 82,271.76 3,376,815.26 #7,733,137.32 Less Interest to Maturity (Unearned Discount)___ 27,369.46 7,705,767.86 Furniture and Fixture* ........................................................... 9,500.00 Expense Unissued Federal Reserve Notes.................................... 17,368.34 T im m tr» * ** $23,436,117.68 Gold Reserve against all Liability.............................................. 77 per eent. Cash Reserve against Deposit Liabilities after setting aside 40 per eent. Gold Reserve for Federal Reserve Notes outstanding__ 91 per eent. Tidfinl Notes « « . ... on hand.................. ............... $23,436,117.68 15,630,000 858,340 14,771,660 9,550,000 Net Liability 2 ................................................. 5,221,660 FEDERAL RESERVE BANK OF RICHMOND A n a ly s is o f L oa n s an d D is c o u n ts As of the Close of Business December SI, 1916 CLASSIFICATION Commodity Trade Acceptances Totals Bankers Acceptances Notes Combined Federal Reserve Agent Bank Agricultural Products: Bank....................... $ 306,367.55 F. R. A.................... 2,094,701.35 $ $ 3,866.29 18,339.94 $ 324,707.40 36,911.36 Livestock: $2,135,539.00 $2,460,246.49 Bank........................ 278.10 F. R. A.................... 11,051.41 Merchandise: 278.10 11,051.41 11,329.51 Bank....................... 15,455.44 F. R. A.................... 5,000.00 19,400.00 8,866.29 $ 101,436.25 15,455.44 24,400.00 39,855.44 Total Collateral. $2,401,128.90 $ $2,511,431.44 $2,170,990.41 $ 310,441.03 Unsecured: Bank........................... 34,986.45 F. R. A....................... 181,119,32 $150,000.00 1,090,010,62 905,024.17 4,049,423.50 3,868,304.18 5,139,434.12 Grand Totals. 12,401,128.90 $224,972.06 $150,000.00 $4,874,764.60 $7,650,865.56 $6,220,413.91 $1,430,451.65 MATURITIES Within todays................. $ 316,101.05 $ 22,986.45 $ 941,364.15 $1,280,451.65 $1,280,451.65 11 to 80 days.................... 705,125.47 75,980.63 1,558,413.82 2,339,519.92 $2,339,519.92 31 to 60 days.................... 1,043,006.10 101,155.87 1,746,154.76 2,890,316.73 2,890,316.73 •1 to 00 days.................... 336,806.28 24,849.11 550,960.04 1,062,725.43 912,725.43 77,851.83 77,851.83 77,851.83 $4*874,764.60 $7,650,865.56 $6,220,413.91 $150,000.00 Over 90 days.................... Grand Totals. $2,401,128.90 $224,972.06 $150,000.00 3 150,000.00 $1,430,451.66 FEDERAL RESERVE BANK OF RICHMOND L oans and I nvestm ents , and U n earn ed D iscount T h ereon Totals m Loans................................................. 92,551,128.90 $151,622.67 *4,494,446.82 1276,007.50 Unearned Discount............................. 7,966.90 488.50 16,393.54 257.06 Warrants............................................ 82,271.76 Unearned Discount.............................. 212.54 Totals................................. $2,633,400.66 $177,659.67 2,090.1 $7,650,865.56 27,156.92 82,271.76 212.54 $151,622.67 $4,494,446.82 $276,007.50 $177,659.67 $7,733,137.32 Totals................................. 8,199.44 488.50 16,393.54 257.05 2,090.93 27,369.46 Net Liquid Values, Loans............. $2,543,142.00 $151,134.17 $4,478,053.28 $275,750.45 $175,628.74 $7,623,706.64 $151,134.17 $4,478,053.28 $275,750.45 $175,628.74 $7,705,767.86 Net liquid Values, Warrants........ 82,059.22 Totals................................. $2,625,201.22 Average Unexpired Term, in days, as of December 31, 1915........................ 82,069.22 32 34 4 12 92 FEDERAL RESERVE BANK OF RICHMOND C a m ta l S t o c k By Stake—December SI, 1916 5 FEDERAL RESERVE BANK OF RICHMOND A n a ly s is o f S ta te m e n ts o f C o n d itio n As Reported by Member Banka in Response to Call of Comptroller as of November 10,1916 RECAPITULATION OP SCHEDULES 1 ,2,3,4 , S and i With Total Resources o f: Under $100,090 $109,990 to $209,990 $300,000 to $360,000 $309,900 to $509,000 $899,999 to $3,590,990 $2,500,000 to $30,999,999 $39,999,999 TOTALS Over ITEMS $4,932,841.95 $12,657,802.34 $26,996,327.19 $131,373,705.06 $171,778,235.01 $26,374,012.09 $374,375,603.34 Bonds, Securities, etc....... 29,136.49 384,946.87 1,361,343.57 2,324,364.20 14,421,405.90 25,389,044.14 2,103,852.36 46,014,003.53 Capital and Surplus.......... 182,200.00 1,880,200.00 3,844,000,00 7,809,200.00 37,245,350.00 53,835,720.00 6,500,000.00 111,296,670.00 Undivided Profits............. 4,057.41 151,267.39 346,604.55 827,109.64 6,294,410.45 8,293,609.17 850,003.66 16,767,062.27 Loans and Discounts......... $262,769.70 Deposits—Demand........... 219,223.96 3,395,464.38 8,308,521.40 16,964,341.18 87,411,539.61 126,273,674.95 19,881,358.84 262,454,124.32 Deposits—Time................ 46,828.21 1,668,386.94 4,606,444.76 9,325,229.37 44*121,884.01 34,397.460.88 1,028,400.00 95,194,634.17 Money Borrowed.............. 11,490.29 302,391.76 951,451.57 2,139,188.77 7,580,228.18 4,517,995.67 Direct........................... 43,625.96 406,386.87 870,712.19 1,962,727.31 8,127,512.68 7,666,125.65 1,246,406.07 Indirect........................ 54,613.78 578,004.05 1,141,504.08 2,917,408.64 10,669,480.62 7,309,001.90 447,557.00 23,117,750.07 147,000.00 1,566,400.00 3,853,886.44 6,478,375.46 33,165,595.27 51,551,333.56 5,084,000.00 101,836^590.73 PiMfninp................. 5,913.28 299,718.50 944,589.44 1,745,506.28 8,603.167.97 11,838,149.06 1,389,364.18 24,916,408.80 Losses........................... 5,176.59 10,289.82 118,209,83 119,046.24 1,163,388.69 1,562,418.46 151,413.14 3,129,942.77 7 55 79 204 54 2 508 15,502,746.24 Liabilities of Directors: Eligible Paper.................. 20,325,496.73 Profit and Loss Accounts: 1912,1913 and 1914: Number of Member Banks. Total Resources............... 534,122.17 8,493,150.62 20,092,804.01 107 42,144,284.43 6 188,219,963.84 307,840,640.38 45,901,780.05 613,226,754.50 FEDERAL RESERVE BANK OF RICHMOND A n alysis op Statements op C ondition As Reported by Member Banks in Response to Call of Comptroller as of November 10, 1915 MARYLAND With Total Resources oft Under $100,099 $100,099 to $300,909 $399,099 to $399,999 $300,909 to $500,009 $509,099 to $3,599,909 $3,599,909 to $30,990,900 $30,000,099 Over TOTALS ITEMS Loans and Discounts........ $40,521.85 $895,436.23 $2,214,175.08 $4,789,164.16 $21,559,174.84 $50,371,286.63 $13,573,539.45 $93,443,298.24 Bonds, Securities, etc....... 17,006.28 220,563.33 922,333.75 1,389,773.69 7,722,718.53 9,148,248.98 1,626,028.76 21,046,673.32 Capital and Surplus.......... 30,000.00 316,000.00 676,500.00 1,457,300.00 6,106,000.00 15,595,720.00 3,500,000.00 27,681,520.00 Undivided Profits............ 2,796.28 17,749.23 60,885.26 158,215.57 929,534.23 2,329,399.40 459,096.09 3,957,676.06 Deposits—Demand.......... 16,435.55 439,630.25 1,679,856.39 2,705,970.90 14,672,360.58 39,731,313.23 9,449,128.68 68,694,695.58 Deposits—Time............... 23,088.27 527,392.40 1,194,630.86 2,830,518.00 13,623,265.88 5,273,911.04 23,472,806.45 27,000.00 58,500.00 185,371.37 399,403.10 677,000.00 1,347,274.47 79,821.10 130,895.82 435,347.33 1,232,796.32 1,983,238.38 692,831.42 Money Borrowed.......... Liabilities of Directors: Direct....................... 9,556.38 846,500.00 4,718,155.33 Indirect........................ 14,830.04 112,406.12 127,002.34 1,500,461.96 1,100,893.30 22,691.20 3,661,116.38 Eligible Paper.................. 5,000.00 243,500.00 666,500.00 745,000.00 6,408,108.86 13,895,089.30 3,000,000.00 24,963,207.16 y^pimgB................ 2,632.90 58,878.05 153,286.56 319,539.97 1,396,619.06 2,867,636.44 547,969.00 5,346,561.98 Losses.......................... 5,176.59 384.84 23,553.96 12,393.86 180,045.12 685,679*26 92,256.77 999,490.40 Number of Member Banks. 1 9 15 20 39 13 1 98 Profit and Loss Accounts: 1912,1913 and 1914: Total Resources............. 96,901.18 1,519,958.59 3,922,610.01 8,273,730.85 7 38,307,894.45 94,073,818.08 24,298,445.68 170,493,358.84 FEDERAL RESERVE BANK OF RICHMOND A n a l y s is o r S t a t m o i n t s o r C o n d it io n As Reported by Member Banks in Betpotm to Call of Comptroller ae of November 10,1916 DISTRICT OP COLUMBIA With Total Resources o f: Under $($$,#$$ $1 0M » to to to Over &$,$$#,$$o TOTALS ITEMS Loans and Discounts......... *2,534,885.89 $27,662,758.86 $30,197,624.75 Bonds, Securities, etc....... 1,027,543.25 11,129,011.84 12,156,555.09 Capital and Surplus.......... 1,190,000.00 12,030,000.00 13,220,000.00 Undivided Profits............. 201,946.33 804,787.38 1,006,733.71 Deposits—'Demand........... 2,540,095.61 27,406,440.82 29,954,536.18 Deposits—Time................ 808,871.58 5,496,526.40 6,305,397.98 Money Borrowed.............. 22,528.14 439,815.25 462,343.39 Liabilities of Directors: Direct........................... 219,344.48 1,815,781.55 2,035,126.03 Indirect........................ 147,650.98 1,073,927.80 1,221,587.78 Eligible Paper.................. 245,000.00 4,930.027.42 5,175,027.42 Earnings....................... 152,334.30 2,484,609.82 2,696,944.12 Losses........................... 2,010.73 232,729.04 234,739.77 Profit and Loss Accounts: 1912,1913 and 1914: 3 Number of Member Banks. 5,589,106.04 Total Resources............... 8 11 60,533,967.25 14 66,123,073.29 FEDERAL RESERVE BANK OF RICHMOND A n a ly sis of Statem ents o f C o n d itio n As Reported by Member Banka in Response to Call of Comptroller as of November 10,1915 VIRGINIA Under With Total Resources of: $109,900 $100,000 to $200,000 $300,000 to $300,000 $300,000 to $300,000 $500,000 to $2,500,000 Over $2,500,000 to $30,000,000 $20,009,000 TOTALS ITEMS Loans and Discounts........ $88,916.45 $1,055,948.00 $4,450,757.89 $8,205,241.32 $24,070,946.23 $57,233,601.82 $12,800,472.64 $117,905,884.35 1,988,935.94 2,645,068.33 477,823.60 5,669,506.43 8,729,000.00 15,650,000.00 3,000,000.00 31,307,500.00 Bonds, Securities, etc....... 10,000.00 70,636.53 110,171.79 366,870.24 Capital and Surplus.......... 54,500.00 418,000.00 1,198,000.00 2,258,000.00 Undivided Profits............. 1,988.18 15,582.79 106,324.96 270,971.91 1,421,167.85 3,234,933.30 390,907.57 5,441,876.56 Deposits—Demand........... 81,531.13 891.970.18 2,663,999.47 5,749,750.45 20,334,202.16 38,566,510.60 10,432,230.16 78,720,194.15 Deposits—Time............... 1,845.86 100,774.51 1,387,368.70* 2,242,563.10 12,613,107.10 12,217,337.95 1,028.400.00 29,591,397.22 68,814.71 464,332.43 550,421.74 1,575,592.06 1,473,458.60 73,047.33 326,338.43 476,993.06 2,025,559.64 2,003,765.85 Money Borrowed.............. 4,132,619.54 Liabilities of Directors: 16,004.49 Direct........................... 399,906.07 5,321,614.87 Indirect........................ 10,148.65 96,617.84 431,142.52 741,745.36 2,263,640.59 2,506,591.80 424,865.80 6,474,752.56 Eligible Paper.................. 57,000.00 429,000.00 1,468,942.19 2,751,125.46 9,462,400.00 22,861,207.84 2,084,000.00 39,113,675.49 1,828.09 48,752.89 301,118.45 554,206.75 1,914,752.17 3,760,683.91 841,395.18 7,422,734.44 31,576.60 223,320.90 374,362.44 59,156.37 720,020.18 31 50 15 1 Profit and Loss Accounts: 1912,1913 and 1914: Earnings....................... 2,879.41 Losses........................... 2 Number of Member Banks. Total Resources............... 166,457.79 12 1,765,097.24 28,724.46 26 6,520,886*90 12,372,288.36 9 50,421,860.19 91,666,204.70 21,603,334.37 137 184,506,129.55 FEDERAL RESERVE BANK OF RICHMOND A n a lysis of Statem ents of C on d itio n As Reported by Member Banks in Response to Call of Comptroller as of November 10, WEST VIRQ1N1A Under With Total Resources o f: $100,000 $109,000 to $200,000 $200,000 to $300,000 $300,000 to $500,000 $500,900 to $2,500,000 $2,500,000 to $20,000,000 Over $39,900,090 TOTALS ITEMS Loans and Discounts........ $79,894.57 $1,392,619.56 $2,422,085.78 $5,521,435.24 $25,314,217.12 $13,947,980.08 $48,678,232.35 Bonds, Securities, etc....... 2,130.21 84,534.67 213,515.21 468,484.46 1,920,936.85 1,070,019.84 3,759,621.24 Capital and Surplus.......... 54,200.00 574,300.00 718,000.00 1,502,500.00 6,432,600.00 4,680,000.00 13,961,600.00 Undivided Profits............ (Dr.)738.83 43,193.41 59,783.07 114,415.80 964,641.23 535,464.25 1,716,758.93 Deposits—Demand........... 80,396.42 1,079,114.56 1,708,478.71 3,575,538.24 18,858,270.98 8,844,964.53 34,146,763.44 Deposits—Time............... 12,879.69 493,517.61 820,987.38 2,389,558.67 7,458,476.52 5,625,787.68 16,801,207.55 Money Borrowed.............. 1,490.29 69,007.50 85,281.40 183,653.78 843,167.23 162,400.00 1,345,000.20 13,524.37 122,299.46 107,321.75 388,244.46 1,487,793.89 776,156.09 2,895,340.02 Liabilities of Directors: Direct........................... Indirect........................ 21,967.68 185,111.96 216,172.12 562,045.58 2,221,508.68 1,079,183.47 4,285,989.49 Eligible Paper.................. 70,000.00 315,400.00 304,276.38 469,250.00 2,992,801.63 3,175,000.00 7,326,728.01 1,452.29 88,139.34 193,761.40 324,744.70 1,655,611.46 1,096,333.49 3,360,042.68 4,164.80 11,882.05 37,302.33 280,116.04 122,532.49 455,997.71 40 6 Profit and Loss Accounts: 1912, 1913 and 1914: Earnings........................ Losses........................... 2 Number of Member Banks. Total Resources............... 150,318.47 17 2,690,503.85 15 24 3,805,807.20 8,830,130.87 10 39,318,164.22 22,441,380.25 104 77,236,304.86 FEDERAL RESERVE BANK OF RICHMOND A n a ly sis o f Statem ents o f C o n d itio n As Reported by Member Banks in Response to Gail of Comptroller as of November 10,1916 NORTH CAROLINA With Total Resources o f: $100,000 $190,999 $199,999 to $200,000 $6,834.34 $556,425.30 $1,681,415.01 $3,848,700.85 928,800,484.05 $11,771,420.20 $46,664,279.84 2,121.57 77,587.82 54,142.92 946,771.37 374,084.00 1,454,658.58 12.676.050.00 Under $200,000 to $300,000 $300,009 $300,000 to $599,999 $900,000 $199,000 $100,000 to $2,509,009 $2,500,000 $2,500,000 $2,509,900 to $20,000,000 Over $20,000,000 TOTALS ITEMS Loans and Discounts......... Bonds, Securities, etc.......................... Capital and Surplus.......... 17,900.00 173,300.00 576,500.00 938,600.00 7,839,750.00 3,130,000.00 Undivided Profits............ 14.75 41,421.25 47,351.75 98,833.70 1,598,391.38 591,912.38 2,377,925.21 Deposits—Demand........... 13,000.79 258,972.49 1,165,364.12 2,478,794.70 21,044,167.56 7,317,930.61 32,278,230.27 Deposits—Time............... 3,211.57 200,128.17 501,645.37 931,117.26 4,729,051.16 1,684,748.26 8,139,001.79 Money Borrowed................................. 65,604.12 133,533.35 589,215.97 2,847,262.10 446,800.00 4,082,415.54 43,665.00 179,010.37 301,129.44 1,736,007.99 712^97.61 2,976,300.41 Liabilities of Directors: Direct........................... 3,500.00 Indirect.......................................... 92,597.00 263,746.03 585,750.03 2,908,429.68 1,006,247.79 4,946,770.53 Eligible Paper..................................... 147,000.00 475,000.00 1,117,000.00 7,579,500.00 3,475,000.00 12.793.500.00 28,030.15 204,897.64 251,652.16 2,064,284.47 914,944.32 3,463,808.74 2,277.45 45,614.21 13,417.96 264,741.88 45,407.56 371,450.06 43 5 Profit and Loss Accounts: 1912,1913 and 1914: Earnings.......................................... Losses.............................................. Number of Member Banks. Total Resources............... 1 30,181.84 6 858,133.22 11 15 2,827,230.28 5,872,246*14 II 44,330,675.65 19,731,359.09 81 73,655,826.82 FEDERAL RESERVE BANK OF RICHMOND A n alysis of Statem ents of C o n ditio n As Reported by Member Banks in Response to Call of Comptroller as of November 10,1916 SOUTH CAROLINA Under $299,999 to $309,000 $309,000 to $500,000 $500,000 to $3,500,000 $3,500,000 to $30,000,000 Over $190,999 $199,090 to $299,000 $47,602.49 $1,082,412.86 7,090.77 37,735.00 45,092.89 814,499.96 1,022,660.25 1,927,078.87 Capital and Surplus.......... 25,600.00 398,600.00 675,000.00 1,652,800.00 6,948,000.00 2,750,000.00 12,450,000.00 Undivided Profits............ (Dr.)2.97 33,320.71 72,259.51 184,672.66 1,178,729.43 797,112.46 2,266,091.80 Deposits—Demand........... 27,860.07 725,776.90 1,090,822.71 2,454,286.89 9,956,442.72 4,404,515.46 18,659,704.75 Deposits—Time............... 5,802.82 256,574.25 701,812.45 931,472.34 4,889,111.77 4,099,149.55 10,883,923.18 Money Borrowed.............. 10,000.00 71,965.43 209,804.39 630,525.91 1,892,275.55 1,318,521.82 4,133,063.10 1,040.72 89,553.98 127,145.82 361,013.02 1,425,920.36 374,286.17 2,378,900.07 With Total Resources o f: $30,000,000 TOTALS ITEMS Loans and Discounts........ Bonds, Securities, etc....... $1,889,368.58 $4,631,785.62 $19,094,016.93 $10,791,187.33 $87,486,873.81 Liabilities of Directors: Direct........................... Indirect........................ 7,667.41 91,361.13 103,531.07 335.086.25 1,537,779.73 452,157.74 2,527,533.33 Eligible Paper.................. 15,000.00 421,500.00 939,167.87 1,396,000.00 6,477,784.78 3,215,000.00 12,464,452.65 Earnings....................... 75,918.16 91,525.39 295,362.70 1,509,566.51 713,941.08 2,686,313.84 Losses........................... 583.32 8,435.15 24,355.49 213,154.02 101,707.67 348,236.65 Profit and Loss Accounts: 1912, 1913 and 1914: Number of Member Banks. 1 Total Resources............... 84,262.89 11 1,659,466.72 12 17 3,016,269.62 6,795,888.21 12 29 10,252,263.29 4 19,408,910.41 74 41,212,061.14 FEDERAL RESERVE BANK OF RICHMOND M axim um R ates of I n terest P aid on D eposits As Reported by Member Banka in Response to Call of Comptroller as of November 10,1916 *3 FEDERAL RESERVE BANK OF RICHMOND L oans Daily Average Balances 1914 1915 1915 1915 1915 Nov. 16-Dec. 31 Jan. 1-Mar. 31 Apr. I-June 30 July 1-Sept. 30 Oct. 1-Dec. 31 Year 1915 Whole Period Collateral Loans: Agricultural Products: Notes....................................................... Trade Acceptances.................................... Commodity.............................................. $ 182,094 $ 440,861 $ 463,380 819 5,304 $ 118,782 2,902 $1,138,493 $ 301,550 938 288,299 $ 267,150 831 255,410 Total................................................. $ 182,094 $ 440,861 $ 469,503 $1,260,177 $ 590,787 $ 523,391 Live Stock: Notes....................................................... $ 12,886 $ 24,265 $ 24,271 $ 11,110 $ 18,145 $ 16,075 Total.............................................. $ 12,886 $ 24,265 $ 24,271 $ 11,110 $ 18,145 $ 16,075 Notes....................................................... Trade Acceptances.................................... $ 4,063 $ 11,803 $ 23,655 1,195 $ 20,775 4,946 $ 15,144 1,548 $ 13,415 1,371 Total.............................................. $ 4,063 $ 11,803 $ 24,850 $ 25,721 $ 16,692 $ 14,786 Merchandise: Total Collateral Loans............. $ 109,043 $ 476,929 $ 518,624 $1,297,008 $ 625,624 $ 554,252 Unsecured: Notes....................................................... Trade Acceptances.................................... Bankers Acceptances................................. $618,221 $4,510,813 $6,582,372 $7,760,569 61,968 9,782 $5,738,568 162,059 99,457 $6,155,861 56,467 27,534 $5,524,142 50,025 24,392 Total.............................................. $618,221 $4,510,813 $6,582,372 $7,832,319 $6,000,084 $6,239,862 $5,508,559 Grand Totals........................... $618,221 $4,709,856 $7,059,301 $8,350,943 $7,297,092 $6,865,486 $6,152,811 Notes....................................................... Trade Acceptances.................................... Bankers Acceptances................................ Commodity............................................... $618,221 $4,709,856 $7,059,301. $8,271,871 63,986 9,782 5,304 $5,889,235 169,907 99,457 1,138,493 $6,490,700 58,953 27,534 288,299 $5,820,782 52,227 24,392 255,410 Grand Totals.............................. $613,221 $4,709,856 $7,059,301 $8,350,943 $7,297,092 $6,865,486 $6,152,811 Classification: 14 I FEDERAL RESERVE BANK yRICHMOND L oans a n d I n w s ’t m e ir is m is FEDERAL RESERVE BANK OF RICHMOND D iscount R ates C u rrent From November 16, 1914) to December 81,1915 Commercial Paper Agricultural Paper Only Commodity Paper F rom 91 D ’ b t o 6 M o s . M a t u r it y 90 D a y s Trade Acceptances DATE EFFECTIVE M a t u r it y 30 D a y s F rom 31 t o 60 D a y s F rom 61 t o 9 0 D a y s M a t u r it y 60 D a y s F rom 61 t o 90 D a y s 1914— November 1 6 .......................................................................... 6 6 6 6 December 2 .................................................... 5* 6 6 6 December 1 7 ........................................................................... 5 5$ 6 6 December 2 8 ........................................................................... 5 5 51 6 1915— January 8 .................................................................................. 4* 5 51 6 January 1 4 ................................................................................ 4* 5 51 51 January 2 7 ................................................................................ 4* 41 5 5 February 1 9 ............................................................................. 41 41 41 5 June 2 5 ........................................................................................ 4 4 41 5 September 1 5 .......................................................................... 4 4 41 5 3 October 2 1 ................................................................................ 4 4 4 5 3 16 31 4 31 4 FEDERAL RESERVE BANK OF RICHMOND L o an s Distributed as to Member Banks Accommodated Recapitulation of Schedules F 1,2, 3, 4, 5 and 6 B T. A mount Md. ... 1 1$ D. C .... 2 2 1915 Apr. 1-Jun. 30 1915 Jan. 1-Mch. 31 1914 Nov. 16-Dec. 31 B. T. A mount 25,610.00 1 3 $ 254,706.10 2 6 B. T. 77,843.82 3 390,719.71 1 A mount 12 $ 3 1915 July 1-Sept. 30 B. T. 1915 Oct. 1-Dec. 31 B. T. A mount A m ount 136,703.73 6 21 $ 196,232.89 8 312,128.77 1 1 184,305.95 3 5 2,601,607.93 60 366 3,194,775.13 52 263 53 464,138.27 15 48 25 $ Totals Period B. T. 263,432.32 11 441,362.98 4 A m ount 62 $ 17 2,494,637.45 72 1,080 Balance Under Discount Dec. 31,1915 699,822.76 $ 234,040.53 1,583,223.51 303,685.27 11,000,241.68 1,435,385.11 11 18 141,839.97 42 158 2,567,380.20 51 275 W. V a.. 4 5 80,236.51 9 19 171,702.80 17 49 398,401.16 16 65 1,023,923.06 45 291 4,339,966.41 49 361 3,371,399.54 48 410 4,008,632.88 46 400 4,235,656.57 56 1,527 16,979,578.46 2,806,178.49 658,431.41 42 235 3,178,678.55 48 356 3,931,086.58 52 364 3,917,098.40 48 359 4,001,488.12 57 1,371 15,686,783.06 2,704,231.21 Va., N. C .... 28 S .C .... 22 57 T otal... 68 14812,184,747.05 141 174 1,376,468.32 165,344.95 712 $10,726,291.49 169 1,056 $10,751,327.71 183 1,215 $11,965,184.52 172 1,100 $11,698,567.02 226 4,231 $47,326,117.79 $7,650,865.56 T. B. T.—Transactions. 1914.................... .................... 68 148 $ 2,184,747.05 B.—Banks. 1915.................... ....................226 4,083 45,141,370.74 Note—All Members discounting in 1914 again discounted in 1915. 261,969.58 26 17 FEDERAL RESERVE BANK yRICHMOND Net Deposits andJ2eserr~es MILLIONS 191* ISIS 18 MILLIONS FEDERAL RESERVE BANK y RICHMOND JFederal Jieserw JVo/es MILLIONS n M U H IN S 1915 Jfoy: DEC. cZAAT. JF3SB. MCH. A P £. MAY* UC3VS <m cr AUG. SEPT. OCT. r -P* 16 15 1¥ 13 12 11 10 •.—I" -J 9 8 t s 6 5 r -jr r--- i— J r~ ~ j ^— • s r— 1 /* V t1A 11—— */ y 1^ r—«I r~-111 //// .j ^ 13 12 V 10 9 ..J 8 t 6 5 a --2 y ¥ r**~ 3 3 J K ^ J 1 ft 1K .J '■A ^ A K r — r Isf* kumd io Bank ■'Inlhmnds of Fmderml ^estrvvJLjeni »Mwt\ lSj63<Woaf 15 "V j ¥ 2 ATOfT 1>EC. 19 rv. . j — i \l ft IV P\fv !\J 5 , A “ V is 1 2 OHM AMO ^370,0 0 0 . FEDERAL RESERVE BANK OF RICHMOND C a p it a l Stock A llotm ents District of Columbia Maryland Original Allotment of October, 1914 (addenda inclusive).............................. West Virginia Virginia Total No. No. No. No. No. No. No. No. No. No. No. No. No. No. S h ar es B ks. SHABE8 Bks. S harks Bk s. S harks B ks. S h a r is B ks. S h ar es B ks. S h ar es 14 7,856 134 101 16,606 687 Reductions on Decreased Capital and Surplus.................................................. Cancellations—Members Liquidating. 107 8,589 74 7,344 57 6,099 164 130 123 4 188 8,831 7,351 6,259 66,415 202 157 310 279 30 21 234 17 1,244 319 14 1,928 18,813 321 16,908 64,675 7,932 Transfers to Cleveland D istrict.......... 98 487 653 14 17,229 Net of Original Members.................... 18,181 76 Allotments to New Members.............. South Carolina BKS. Additional Allotments on Increased Capital and Surplus........................................... Net Balance December 31, 1915.......... North Carolina 7,932 137 20 18,781 104 8,390 81 7,631 74 7,503 34 1,913 8 864 5 319 506 67,145 FEDERAL RESERVE BANK OF RICHMOND E ar n in g s on L oans Including Municipal Warrants and Bankers’ Acceptances Purchased ♦Dally Averages Paper Handled Discount Extra Earnings on Loans PERIOD F rom P ie c e s A mount P ie c e s B alan ce R a te C ollected R ebated E arned (Earned) M i n im u m C harges F rom A ntV d P aym ents F rom Total Earnings R e bates L ow er 1914— 1,327 $ 2,184,747.05 28 $ 618,221 5.8450 $ 17,657.87 $ 4.22 $ 4,717.68 $ 5.51 $ 6.31 $ 4,729.50 Total 1914.............. 1,327 $ 2,184,747.05 28 $ 618,221 5.8450 $ 17,657.87 $ 4.22 $ 4,717.68 $ 5.51 $ 6.31 $ 4,729.50 1915— January 1-March 31.......... 5,809 $10,763,252.84 64 $4,721,944 5.0003 $ 79,920.63 $ 562.13 $ 59,044.86 $ 14.46 $ 61.85 April 1-June 30................. 8,089 10,751,327.71 39 7,060,383 4.6449 92,615.24 562.07 82,898.26 7.85 32.35 12.22 82,950.68 July 1-September 30......... 8,798 11,965,184.52 95 8,350,946 4.4763 85,110.48 768.68 95,531.71 39.18 70.46 53.05 95,694.40 73,905.83 847.33 76,346.66 November 16-December 31 $ 31.19 $ 59,152.36 October 1-December 31__ 7,745 11,780,838.78 84 7,330,156 4.0756 42.81 135.47 44.28 76,569.22 Total 1915.............. 30,441 $45,260,603.85 83 $6,877,078 4.5008 $331,552.18 $2,740.21 $313,821.49 $104.30 $300.13 $140.74 $314,366.66 Whole Period... 31,768 $47,445,350.90 77 $6,163,081 4.5161 $349,210.05 $2,744.43 $318,539.17 $109.81 $306.44 $140.74 $319,096.16 * Based upon number of days actually elapsed. 21 FEDERAL RESERVE BANE RICHMOND E a rn in gs and Expenses 191* 1 9 /S ------------Emminys CurrentExpenses OrymmMatien E xp en ses 22 FEDERAL RESERVE BANK OF RICHMOND C om m odity P ap zb H a n d le d To December SI, 1916 No. Pieces September........................ Rato Amount Coliatoral (Cot ton) No* Baits 46 3 October........................... 286 3 364,421.17 9,626 November........................ 626 3 1,523,388.32 33,379 Deeember......................... 601 3 807,644.72 20,621 ToUl...................... 1,660 3 $2,881,488.21 66,222 N«to—Averafe of loana to bale, 943.51. 23 $ 96,064.00 2,696 FEDERAL RESERVE BANK OF RICHMOND C lk aban cx O pe r a tio n s Number of Members in Collection System, December 31,1015: Maryland................................................................................................................... 18 District of Columbia................................................................................................. 8 Virginia..................................................................................................................... 20 West Virginia............................................................................................................ 5 North Carolina.......................................................................................................... 10 South Carolina.......................................................................................................... 90 01 Operations off the Clearance System since its establishment, June 8, IfIS Federal On Richmond Other Reserve Cities Country Total No. Items..................... 67,386 13,670 488,001 500,146 Daily Average.............. 200 70 2,821 3,200 Amount......................... 382,406,000 376,806,000 $78,484,700 1287,877,300 Daily Average............... 476,800 444,500 453,700 1,375,000 The Department has a Manager and fire assistants. Direet cost of operation since June 8,1015 (salaries, postage and stationery), IS,500. Average cost per item handled, M 0 of one cent, exclusive of bookkeeping and overhead charges. H FEDERAL RESERVE BANK OF RICHMOND D ata A ssembled from E xh ibits Gross Resources of Member Banks............................................................ $613,226,764.00 Amount of Paper Discounted (including warrant*)...................................... $ 47,446,850.90 Number of Note* Discounted (including warrant*)..................................... 31,768 Total Loans and Investments December 31, 1016..........................................$ 7,733,137.32 Average Loan Line during Period of Operation........................................... $ 6,162,811.00 Average Per cent. Discount Rate Charged................................................... 4.6161 Average Maturity in Days of All Paper Now in Discount Line...................... 33 Commodity Paper Discounted, All on Cotton (66,222 bales)..........................$ 2,881,488.21 Number of Member Banks Granted Discounts............................................. 226 Number of Accepted Offerings................................................................... 4,231 Number of Banks in Clearance System........................................................ 01 Average Number Items Daily..................................................................... 3,290 Average Amount Cleared Daily........................! ......................................... $ 1,376,000.00 Items Cleared Since June 8, 1916 ................................................................ 669,146 Aggregate Amount of Items Cleared........................................................... $237,877,300.00 25
@FedFRASER