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Released for publication Sunday morning April 2J> earlier. 625* STATEMENT FOR THE PRESS. April 22, 1916. The Federal Reserve Board made public today its regular weekly bank statement as at close of business on April 20 - 21., 1916. As the Federal Reserve Banks at Philadelphia, Minneapolis and Dallas also the Federal Reserve Branch at New Orleans - observed last Friday as a legal holiday, the statement shows the condition of these insti tutions as at close of business on April 20. The condition of the other banks is given as at close of business on April 21. The statement indicates decreases of 6*7 millions in the combined gold reserves and 8.8 millions in the total reserves of the banks. New York reports net gold withdrawals for the week of 5*8 millions, Phila delphia of 3*2 millions and San Francisco of over 1 million, while B«st<fn shows a gain in gold holdings of 3*^ millions and Chicago of 0*7 million. New York reports also a decrease of 2.9 millions in reserve other than gold, while Chicago shows a gain under the same head of 1.2 millions* The decrease in reserve shown for the New York bafak is accompanied by a decrease of 6.'8 millions in deposits and 2 .7 millions in the amount due to other banks, while the decreases in reserve for the Philadelphia and San Francisco banks go together with considerable in creases in the totals due from other Federal reserve banks. A decrease of about $100,000 is shown in the aggregate of commercial paper held by the banks, Chicago and Kansas City both reporting smaller figures than the week before, while the holdings of each of the three Southern baiks were in excess of like figures shown the week before. Bankers’ acceptances on hand are at present about twice the amount of discounts, the total reported showing a slight increase since the pre vious report. Of the total paper on hand 3I+.6 per cent matures within 30 days and 39**+ after 30 but within 60 days. About 2 .1 millions, or 9*6 per cent of the total discounts on hand, is represented by agricul tural and live-stock paper maturing after $0 days, Dallas and Kansas City reporting between them about. 60 per cent of this class of paper. The bond holdings of the banks show a further increase of about 0.3 million, while conversions of 2 per cent bonds into 3 P®r cent securities - v iz ., one-year 3 per cent Treasury notes and 3 Per cent bonds in equal proportions, are reported by two baaks. Municipal war rants on hand increased about 0«2 million, though all the Eastern banks report smaller holdings than the week before. The total earning assets stand now at 151.2 millions, about 1.1 millions in excess of the total shown the week before, and are now 276. per cent of the paidin capital, though only 29.2 per cent of the combined capital and de posits of the banks. The total'earning assets are made up as follows: United States bonds, 29*9 per cent; Acceptances, 29.3 per cent; war rants, 23*7 per cent; discounts, 14.6 per oent; and United States notes, 2.5 par cent. The combined paid-in capital of the banks shows but little change since the previous week, though, probably as the result of transfers of member banks from the Dallas to the Atlanta - New Orleans District, and from the Boat on to the New York Distfiict, the amounts of capital of the. Boaton and Atlanta banks underwent substantial changes. An in crease of about '• l /2 million in Government deposits in shown, while member banks' net deposits declinedg.2 millions during the week, mainly at the New York, Boston and Philadelphia banks. Nearly 2 million dollars of Federal reserve bank notes are reported in circulation. Federal reserve agents give the total amount of Fed eral reserve notes outstanding as 186.6 millions against which they hold 176.U millions of gold and 10.7 millions of paper. The banks report I 6U.3 millions of reserve notes in actual circulation and aggregate liabilities thereon of 9*6 million dollars. Released for publication Sunday moxning April 23. 1916. Not earlier625 a. -.n^c STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVEFEDERAL RESERVE BANKS OF THE UNITED STATES AT CLOSE OF BUSINESS APRIL 21. R E S O U R C E S . April 20,21*16 April 14, 1916 January 21. 1916 October 22. 1915 Gold coin and certificates in vault............................................ $239,882,000 2U5.7l4.000 259.106.000 227.005.000 Gold settlement fund-............. ............................................... ........ 74,785.000 75,690.000 81.620.000 54.670.000 Gold redemption fund. with United States Treasurer.................. , 1.473,000 .1,495,00.0 , . 1.0 62x000 _1..2_1?L.Q00 Total gold reserve.................... ' ............................................... 3l6,lUO.OOO 322.899,000, 3Ul. 788.OOO 282.887.000 Legal tender notes, silver, etc........................................ 9.505,000 11,504,000 .1.1 .132^000 ,,3.4,626^000 Total reserve........................................................................... 325.645.000 334,U03,000 355,920.000 3x7.513,000 Bills discounted and bought: Maturities^ Within 10 days* * *■*.• *•- * ■ * * • 3^0^48^000 7*232,000 7*517*000 JjZoJjOOO 13>868,000 15/905*000 12,790*000 11,198,000 From 11 to 36 d a y s * ............................................ « 31 to 60 days............... .................................. 26, 137,000 23. 57U.OOO 18, 838,000 14,09^,000 " 61 to 90 days........................ ........................ ^ 1 2 4 ,0 0 0 17,605,000 13,115,000 8,978,000 Over 90 d a y s .......................................................... 2,127.000 1,954.000 3,608,000 1,789,000 T o t a l .................................. ................................................... 66.30U.000 66. 27O.OOO 55.868,000 43,322,000 Investments: United States Bonds.. ....... ............ -................. . 1+5,20^,000 4U.92U,000 20,2U2,000 10,U80,000 0n&«~yeai u<ia.vO *3 * Treasury note3................. 3,8U0,000 3 , 234,000 * Municipal Warrants........................ ........................... 35,892,000 35,706,000 _20,62U,000 25,381,000 Total Earning.. Assets ............. ....................................... . 151.2Uq7000 i 5O .i 3U.OOO 96.734.000 79,183*000 ^Federal reserve notes — Net............................. ............................ 21.731,000 22,159.000 34.895.000 15.680,000 &ue from Federal reserve banks - N e t . . . . ................................... 17.515,000 16,825,000 13,089,000 12,342,000 All other resources...............-................ ........................................ 3 ,5 7 6 ,0 00 4.023.000 ^ 0 .6 8 8 .0 0 0 3,162,000 TOTAL RESOURCES...................... .................................................. $519,707,000 527,544,000 5i l . 326.OOO U27,860,000 L I A B I L X T I E S. Capital paid in-. . --..........’ .............................................................. Government deposits........................................................................... Reserve deposits — N e t . . , . ............. ................................................ Federal reserve notes - Net. — . — • • • ; ...................................... Federal reserve bank notes in circulation...............................• * All other liabilities............................. . . . . .................................. TOTAL LIABILITIES............ ........................................................ Gold reserve against net deposit and note liabilities (a) Cash reserve against net deposit and note liabilities (A) Cash reserve against net deposit liabilities after setting ^aside U0$ gold reserve against aggregate net liabilities % n Federal reserve notes in circulation ( A ) ............................... r aT f p ^ --,teES_ in traneit F,~R„ banks .. viz 54,8U3,000 35*291,000 417.349,000 191b April 23. 1915 237.764.000 . ... ... 238.?i0,000 2.1 , 13^ 000 267.894.000 ;15,676,000 ( 12, 225,000 ( 8,577,000 ( 36, 478,000 6,813,000 ................. 17.815,000 61,106,000 5,710,000 8 ,2 5 ^ 0 0 0 3,727,000 3U6 , 691,000 54,8U5,000 34,73^,000 426.507.000 54,889,000 28.073,000 416, 656,000 54.83U.000 Xp,000,000 340,4UU,000 36,727.000 ... . 297, 210,000 ? 1v9dh,000 1, ^ 3 , uuu 6^3,000 ---- 5.2.6, 000 $519/707*000 5 2 7 *5 ^ ,0 0 0 H . 571.000 *« -- 137j 000 ‘511*326,000 14,809,000 •»»•••«• 2,793 .>000 *+27,880,000 10,889,000 • ** 1*865,000 3^6,691,000 ^*"^7 71*1$ 73^*2^ 73*7% 77*1^ 80*3^ 79*0^ 88*7^ 79*6^ 89*3$ jk.O^ 7U.U% 8 1 .U^ 90.8$ 91.255 $ 17.515,000 I6.825.000 I 7!. 089~0Q0~ ~ ~ 1273^27000"" _872^UT000~ 625 b. fnr mi'hlicat.ion Sunday morning April 23, 1916. Not earlier. * APRIL 20 - 21, 1916 WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS (In thousands of dollars) •*/21 4/21 4/21 4/20 4/21 4/20 4/21 4/20-21 4/20 4/21 4/21 4/21 R E S O U R C E S . TOTAL S.Fran Chicago St.Louis Minnls. Kas. Cy. Dallas Richm Atlanta Phila. Clevel, N. Y. Boston 5,713 239,832 3,809 4,390 3,582 4,671 4,850 5,862 31,853 $5,856 152,544 4,946 11,806 Gold coin and certif.in vault 2,341 74,785 9,730 3,702 4,643 5,039 8,159 2,489 8,109 10,289 4,927 5,740 9,617 Gold settlement fund 10 1.473 0 Gold redemption fund 8,064 316,140 13,771 8,174 8,255 9,753 40,212 8,642 15,478 157,721 10,736 19,960 15,374 Total gold reserve 9. 5S5 13 159 813 502 2.380 818 109 299 956 1.637 1,7.90 19 Legal tender notes,silver,etc. 8.077 , 14.584 8,757 8.343 10.571 35.5.,.6.45.. 42.592 8,941 15 497 159.358 12.526 20.916 15.483 Total reserve 4,845 436 1,851 22,067 694 560 1,723 6,464 3,761 461 545 415 312 Bills discounted - Members 2.052 ,1*069 1.253 ...4.4,23.7... 2.760 , lj.01.3 750 1.691 16.864 6.047 10 738 Bills bought in open market 2.488 66,304 2.864 ..4*845 1*813 1*2.63 4.483 4,511 6.464 2.152 6.592 17.279 11 050 Total bills on hand 8,711 2,841 3,532 45,204 2,114 2,959 8,423 1,295 2,069 4,134 2,550 3,528 3,048 Investments: U^ S. bonds 410 350 3,840 380 » — -456 462 1,532 s 250 One-year U.S.Treas. n< — 2.203 1,2.37 i 1oio,_ 4,06.1._ ._J£5.*£92_ 6 60 1,».41.8__ 4.969 15.156 3.291 2 481 Municipal warrants 7.686 8.223 -ISl.O&Q— 5.645 12.995 6.389 6,586 16.967 8.275 36.517 13.873 11.255 16 829 Total earning assets — — 1,127 — — 5,468 21,73± _ — 919 1,611 1,161 354 203 9,888 1 000 i.j v w Federal reserve notes - Net — 17,515 2,306 2,833 2,645 2,27C 4,597 786' 1,276 1,137 5,429 Net Due from other F. R. banks 397 196 466 3.576 116 374 292 937 108 319 70 277 24 All other resources 24.797 22.667 519,707 18.290 24 f110 20.447 66.141 ■18,411 33 Uu ^350 Www 206.040 32.101 33.981 25.142 TOTAL RESOURCES - 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 4 950 * V/V T 224 26 U*W^177 *• 999 0 0 ^0 Jv 11,297 5,215 876 6,248 183,773 26,010 5,948 1,094 26,939 •» — —— SOfi 040 32.101 _ _ — _ 33.981 4,722 0 3,345 6,117 11,468 4,174 —— -38 25.142 — - 2,405 6,897 9,001 —— -108 18,411 6,670 327 59,144 - --66.141 - 2,788 2,395 15,264 ---20.447 - 2, 563 363 15,364 ---18.290 - 3,002 1,574 16,365 1,205 1,964 -24.110 - — - 2,734 6,108 9,538 4,238 -49 - — 22,667 — 3,926 2,068 18,306 ---497 24.797 M E M O R A N D U M . 7,335 13,130 9,462 16,179 11,618 3,803 71j056 6,973 10,573 10,913. 14,755 1 n 846 F. R. notes issued to the banks 122 5,468 ,2uJ27 25 919 1,611_ 1.161 446 354 203 9,. 888 1 000 F. R. notes in hands of banks 16.057 9 J 37 12.003 ... 1 A 5 Q . 2,192 ... .LJ16 ’ 61 168 6.770 10.219 10.467 13,594. F. R. notes in circulation 11,819 11,618 8,232 7,335 13,130 3,803 6,293 14,755 10, 573 6,973 71,056 Gold and lawful money with Agont 10 846 5,468 _ 919 1,127 1,611 354 1,161 203 9,888 1 000 Carried to net assets 4.238 1 j l .?05 — . 4.174 _ Carried to net liabilities total amounts due from less total amounts due to other F. R, bunks. (a) Items in transit i.e Q B A A U l 1 J L v w — _ — — — — ----------- - - — — — — — 54,843 35,291 417,349 9,617 1,964 -643 519.707 186,643 22,324 164.319 176,433 21,731 .....9,617. Released for publication Sunday morning April 23, 1916. Not Earlier. b2-'°' STATEMENT OF FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS APRIL 21,1916. (in thousands of dollars) Boston Received from the Comptroller In hands of F« R. Agent Issued to F. R. Bank less amount returned to F.R, Agent for redemption ^ Amounts held by F.R„Agent in redemption of lia b ilit y on outstanding notes : On hand: Gold coin and certificates With Federal Reserve Board Amount of commercial paper de livered to Federal Reserve Agent S.Fran TOTAL 15,480 13,360 17,000 20,400 9,380 9,600 19,000 13,000 22,140 12,160 281,140 1,764 25,184 .2,414 1,087 2,687 1,549 696 503 160 545 1,320 542 38,451 18,616 84,056 13^ 066 12,273 14,313 18,851 8,684 9,097 18,840 12,455 20,820 11,618 242,689 7,770 13,000 6,093 1,700 3,400 4,096 4,881 1,762 5,710 2,993 4,641 «< • * 56,046 10,846 71,056 6,373 10,573 10,913 14,755 3,803 7,335 13,130 9,462 16,179 11,618 186,643 10,365 67,917 3,360 9,700 «» t. 2,850 10,140 3,780 9,5^0 481 3,139 373 *t • • * • • * »» 3,240 10,846 493 1,305 393 355 64o 552 779 248 9,631 • • • •« 5,800 13,450 3,410 4 ,130 2,350 3,900 1*500 1J*370 ^9>150 1,230 4,360 9,462 16,179 1,239 4,487 4,620 71,056 • 6,973 117,652 873- As security for outstanding note s: Commercial paper T O T A L Chicago St.Louis Minnls.Kas.Cy. Dallas 109,240 Credit balances: In Gold redemption fund \ Phila. Clevel. Richm. Atlanta $20,380 Returned to tho Comptroller Chargeable to F. R. Agent N. Y. 10,573 10,913 4,999 14,755 3,803 7,335 13,130 10,210 11,618 186,643 10,725
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