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< '-615- Re leased for publication Sunday morning April 16, 1916. Not earlier. STATEMENT FOR THE PRESS. April 15, 1916 . The Federal Reserve Board made public today its weekly bank ■statement as at close of business on April 14, 1916 . The statement indicates decreases of about 4.5 millions in the gold reserves and in the total cash reserves of the Federal Reserve Banks. The earning assets, as the result of additional investments in Government securities and banl^ers1 acceptances in creased 3*3 millions and for the first time are in excess of 150 millions. The ’’float” between Federal Reserve Banks was 5*7 mil lions larger than the week before. The largest losses in gold re serve are shown for the Chicago, New York add Cleveland banks, part of these losses, however, being offset by increases in the gold reserves of the St. Louis and Philadelphia banks. Discounted paper on hand totaled about 0 .1 million less > than the week before, Chicago and Richmond reporting the largest decreases of this class of paper on hand. Of the total paper on hand 3^*9 P©r cent matures within 30 days, and 35*6 per cent after 30 but within 60 days. Acceptances show an increase of about 2 millions, New York and the Western banks reporting the principal gains under this head. As the result of recent conversions of 2 per cent bonds, the banks report among their assets 3*2 millions of one-year 3 per cent Treasury notes, in addition to mil lions of United States bonds< > Additional bond purchases are re ported by 8 banks, increasing the amount of Government bonds and notes on hand by 1 million dollars. The arsount of municipal war rants held by the banks shows a gain of about 0 .5 million, New York reporting the largest gain under this head. Of the total earning assets United States bonds con stitute at present 29*9 Per cent; acceptances 29*4 per cent; war rants 23.8 per cent; discounts 14.7 per cent; and United States notes 2 .2 per cent. The ratio of earning assets to ' . paid-in capital stands at 274 per cent, compared with 268 per cent the week before and 169 per cent three months previous. As the re sult of the transfer of certain Connecticut banks from the first to the second Federal reserve district, the capital of the Federal Reserve Bank jjf Boston shows a decrease of $ 166,000 and the capital of the New York bank a corresponding increase. Govern ment deposits show a decrease of 2*3 millions, New York and Phila delphia reporting the largest net withdrawals of public funds. Member banks deposits increased about 3 millions, largely as the the result of the larger net figures shown for the New York, St. Louis, and Kansas City banks. The circulation of Federal Reserve bank notes in creased $ 170,000 during the week and now stands at 1.4 millions. Federal reserve notes outstanding, as reported by the Agents, aggregated 186.8 millions, or 27*3 millions less than the amount reported outstanding at the beginning of the year. Against the notes outstanding the Agent3 hold at present 176.9 millions cf gold,s® that the total net addition of circulating medium attributable to Federal reserve no,tea is less than 10 million dollars. The banks report 22.5 millions of notes on hand, and a total of 164.2 millions in actual circulation. Their aggre gate liabilities on these notes are given as 9.5 million dol lars • 1 615 a . Released for publication Sunday morning April, lb, 1.916. Not earlier STATES AT CLOSE OF BUSINESS APRIL l4, UNITED STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS OF THE E S O U R C E S . April l4, 1916 April 7, 19lS January 14, 1916 October 1 5 , 1315 226. 956.000 260 855,000 245. 778.000 coin and certificates in vault.......................................... $245,714,000 58. 620.000 85 630,000 80,011,000 75,^90,000 settlement fund................................................. ................... 1.212.000 1.215.000 1.549.000 redemption fund with United States Treasurer-.............. 1,495,000 286.788.000 3^7,700,000 327.338.000 Total gold reserve.............................................................. . 322,899,000 19.748.000 14.281.000 11. 600.000 Legal tender notes, silver, e t c ............................................. . ... 11,50.4*000 306 , 536,000 361 , 983,000 338 . 938.000 Total reserve...................... .................................................. 334,403,000 Bills discounted and bought: 6.694.000 7 . 399.000 6 . 911.000 Maturities: Within 10 days....................................................... 7,232,000 12 . 939.000 13 . 291.000 13 . 558.000 From 11 to 30 d a y s ....................................... 15,905,000 14 . 703.000 16 . 961.000 21 . 930.000 " 31 to 60 days............... ............................... 23 , 57^,000 8 . 116.000 1 4. 195.000 20 . 134.000 ” 6 l to 90 days.................................... 17 , 605>000 1.507.000 l,9lo,ooo 1.851.000 Over 90 days-............................ .......................... ^ /9 5 ^ Q .QO 43 . 959.000 55. 756.000 64.384.000 Total........................................................................................ 66,270,000 10.380.000 17 . 613.000 U 5 , 226,000 Investments: United States bonds.................... ....................... . 44,924,000 « « • • * • 1 . 932.000 One-year United States Treasury notes............... ^3,234,000 26 .581 .000 19.U8U.000 15,256/000 Municipal warrants.................. -............................ 35 ,706,00'Q 80.822.000 92 853.000 146,798,000 150,134,-000 Total earning assets............................... ............................ 15 , 236,000 29.943.000 21 761.000 Federal reserve notes - Het...--.,.............................................. 22,159,000 10 , 160,000 12.995.000 11 , 161,000 Due from Federal reserve "banks - Net........................................ 16,825,000 1.018.000 9.805.000 7 , 587,.000 All other resources................................................ ....................... — 4,0^3,000 415,872,000 526, 245,000 507, 579,000 TOTAL RESOURCES..................................................................... ^527,544,000 , R Gold Gold Gold , . . L I A B I L I T I E S . Capital pc.id i n ............. ................................................................. Government deposits.................... • • ............................................... Reserve deposits - Net............................... ................................. Federal reserve notes - Net................................................., Federal reserve bank notes in circulation....- ...................... All other liabilities..........................-........................................ TOTAL LIABILITIES.................................................................. Gold reserve against net deposit and note liabilities ( a )-Cash reserve against net deposit and note liabilities (A)-. Qash reserve against net deposit liabilities after setting S i d e 40$ gold reserve against aggregate net liabilities on Federal reserve notesin circulation (A) — - — — J a T Less~itemS in transit between F. R. banks - viz i 54 j 845,003 34,732,000 426,507,000 9,511,000 1,423,000 ....... 5.2jLPOO *527, 544, O X 71*1$’ 73*7$ ^ _ 74.4/> _ _ $16,825,000 ____ :____«........ ......_________________________________ .__ ______ 54 , 8^3,000 37, 016,000 423. 497.000 9. 500.000 1 . 251.000 118.000 526.245.000 54,899,000 26, 879,000 ^13 , 719,000 11,948,000 • 134,000 507,579,000 71*3# 73-9$ 79 -1$ 82.4$ 74.6$_ 83 . 5$ 1279957000' 1 1 , 161 , 000' 54.775.000 15, 000,000 328. 766.000 14.791.000 V * * 1916 . April 16,1935- 236, 260,000 4 » «« ‘ * 946.000 237. 206.000 29,300,000 266. 566.000 \13, 868,000 14,224,000 7,823,000 35,915,000 6. 813.000 16 .490.000 59.218.000 6,280,000 5, 315,000 1.800.000 341,179,000 3b,207,000 294.154.000 10, 767,000 * « • 2.540.000 415.872.000 82-3$ 8 8.0$ _ 9° 1 1$ _ "10 , 160,000 5 1 .000 341.179.000 79-2$ 89.0$ 90-8$ _ 5,315,000 0_. Released for publication Sunday morning April 16, 1916. Not earlier. V WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS APRIL 14, 191b. (In thousands of dollars) R E S O U R C E S . TOTAL Phila. Clevel. Ric'nni. Atlanta Chicago St.Louis Minnls. Kas.Cy. Dallas S.Fran N. Y. Boston 245,714 5,696 29,342 4,885 3,579 4 ,216 3,807 6,748 8,013 11,708 4,815 $6,015 156,890 Gold coin and certif.in vault 2,631 9,990 5,055 4,630 4,359 9,397 2,^60 75,690 6,342 6,054 5,923 8,519 10,430 Gold settlement fund 118 200_______ 60_______ 30.______ 66 227 10 __ l ^ SfL 262 J20_______ 1L ^ 50 . Gold redemption fund 9,118 322,,899 8,641 13,431 8,239 12,074 163,482 13,986 20,244 15,507 8,645 39,532 10,000 Total gold reserve 194 746 _____ I ___ !L jQ 4 _ 4,551 2 >186 946 81 244 ____________ 1-115 822 ,___________________________ 501 Legal tender notes, silver,etc. ____ 87 ..2JL 12.16 1 168.015 16.172 21.190 15.590 8,889 40.667 10.822 8,740 .8,815 l4~177 Total reserve 47 0 22,152 1,902 702 578 2,061 439 6,087 4,735 577 537 Bills discounted - Members 3,755 319 ___981_ 1,160 i,9 0 9 __ aoa_ 5.610 788 16,812 1,0^3 Bills bought in open market .1,6.39 1 1 , 5^9 4,543 4,656 2,379 66,270 2,216 2,885 11,868 6,147 1,738 1,745 6,087 ^,735 Total bills on hand 17,271 3,420 4u,324 2,840 2,114 3,528 4,094 8,338 3,288 2,069 7,97^ 2,549 Investments: U. S. bonds 2,959 1,7 5 1 410 38O 462 100 350 One-year U.S.Treas.notes 3,23^ 1,532 333_ 60 3 5 6 15,165 _L350 Municipal warrants 2,483 ..^ ..991 3*776 -ij-257. l,4o6 16,517 11.487 11.401 7.898 6.618 16.770 6 .1l4 5.615 12,268 7.575 8,012 153,134 Total earning assets 17,639 869 1,062 1,178 10,480 5,310 22,159 398 1,537 138 Federal reserve notes - Net 1,137 247 1 , 690(a ) 16 , S25 2,026 431 1,850 2,774 3,008 7,318 Dus from other F. R. banks - Net 2, 4l6 791 1,699 211 592 126 448 J6 106 116 .228 J21 All other resources 5 S5_ 11.412 215.118 12,881 11,741 25,121 18,118 66,79.0 2 0 ,4?0 18,433 23,504 22,391 24,348 527,544 TOTAL RESOURCES _ l* J .Q _ L I A B I L I T I E S . 54,845 3,006 2,382 6,669 2,788 3,931 2,733 4,974 11,2 9 1 5,215 5,948 2,563 Capital paid in 3,3^5 1,784 1,126 3^,732 6,244 7,066 987 1,986 457 1,398 6,024 790 1,017 5,853 Government deposits 9,5^0 18,248 426,507 8,782 59,134 15,696 15,413 16,810 27,040 190,598 26,876 26,776 11,59^ Reserve deposits - Net 4,265 9 ,5 H 4,107 1,139 Federal reserve notes - Net 1,423 1,423 F. R. tank notes in circulation Due to other F. R* tanks - Net 7,425 335 108 -------526 All other l i a t i l i t i e s _____________________________________________ J^3_______________________________________________________________ _ TOTAL LIABILITIES 33,412 215,318 12,881 31,741 25,121 18,338 66,790 20,470 18,433 23,504 .22,391 24,348 5.21^5.44. M E M O R A N D U M , 7,608 13,130 71,249 3,807 9,699 F. R. notes issued to the tanks 10,873 6,999 10,594 11,024 14,810 1 ,178 1,062 91 138 398 1.587 10,480 263 1,137 86a. F. R. notes in hands of tanks 60,769 6 ,8 b ! 10,196 10.761 13.748 2 . 220 6,739 11.952 9,608 9,7 ^6 F. R. notes in circulation 71,249 6,999 10,594 6,654 14,810 3,807 7,608 13,130 8,469 Gold and lawful money with AgentlO,873 1,137 10,480 138 398 -1,062 1,587 869 1,178 -Carr i ed to net assets - -______ - -______ - —______ -_____4,107____ - - -______- -____ - -______1,139 Carri ed to net liabilities (a) Items in transit i* e. total amounts due from less total amounts due to other F. R. 16,139 10,829 5,310 JLL l6,12o 5,519 11,861 10,829 5,310 4,265 tanks 186,761 22,526 164,2.35 176,883 22,159 ,9 ,5 11 R e l e a s e d f o r p u b l i c a t i o n S u n d a y m o r n i n g ; A p r i l l G , 1 9 1 6 * N o t e a r l i e r . ^ STATEMENT OF FEDERAL RESERVE AGENTS1 ACCOUNTS AT CLOSE OF BUSINESS APRIL l4, 15l6 . (In thousands of dollars) Boston TT o ^ Z ai ? o l Z T l o ^ l U r Returned to th e N. Y. Phila. Clevel. /Mein*. Atlanta Chicago St.Lohis Minnls.Kas.Cy. Dallas S.Fran. $20,380 109, 2U0 15,^80 1 3 , 560 17,000 1,737 * ,9 9 1 2,3*8 1.066 =,576 18,643 84,249 13,092 12,294 7,77-0 13,000 6,093 io,873 71,249 10,365 508 C om p tro ller Chargeable to F. R. Agent In hands of F- R. Agent Issued to F. R. Bank less amount returned to F. RAgent for redemption Amounts held by F. R- Agent: In redemption of liability on outstanding notes: On hand: Gold coin and certificates Credit balances: In gold redemption fund 1,278 531 37,631 12,522 19,502 10,829 241,359 5,710 2,823 3,363 7,608 13,130 9,699 16,139 2,850 10,140 3,950 9,540 19,000 13,000 1,U9U 6S2 =30 *0 U78 14,424 18,906 8,688 9,370 18,840 1,700 3,400 4,096 4,881 1,762 6,999 10,594 11,024 14,810 3,807 67,918 3,360 9,700 3,331 399 894 As security for outstanding notes: Commercial paper -- Amount of commercial paper de livered to Federal Reserve Agent 278, °30 9,600 3,240 10,873 11,360 9,380 With Federal Reserve Board T O T A L 20, t 71,249 6,999 o . . f^TAL 20,780 54,598 10,829 186,761 117,823 — 354 860 397 368 640 619 751 259 9,380 6,300 13,950 3,410 4,390 2,350 3,900 1,570 10,570 49,680 1,230 4,278 -- 9,878 9,699 16,139 10,829 186,761 - - 4,370 10,59*+ 11,024 5,16 1 14,810 3,807 7,608 13,130 S M 1*339- , u>352 7*£ T 10,
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