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N A 769 RELEASED FOR PUBLICATION SUNDAY MORNING, AUGUST 13, 1916. Not easlier. STATEMENT FOR THE PRESS, August 12, 1916. The Federal Reserve Board made public to-day its regular .weekly bank statement as at close of business on August 11, 1916, The statement indicates but few changes in the condition of the Federal reserve banks for e pastt week. Gains of 1.8 millions in total gold resenfes> and of 1.2 ^ aggregate cash reserves are shown. Slight decreases are indica e for total earning assets,, Government deposits and n^t bank deposits, Boston reports a gain of 3*9 millions in its gold reserve, due m part to liquidation of discounts and acceptances, in part also to the am°^unts due from other Federal reserve batiks, and an increase in an deposits. Chicago's decrease in cash reserve, amounting to over + accompanied by an increase of about 5 millions in the total due from other Federal reserve banks, and a gain of 1.8 millions in total deposits. Commercial paper on hand shows a decrease for the week of about short-term discoun s held by the Boston bank. Acceptances total now over 80.5 millions, or about 1 million in excess of the total shown the week before, all the western banks reporting considerable increases in their holdings of this class of paper. 2 million dollars, largely through the liquidation of ■ Of the total paper, including acceptances, held by the banks, 35*6 per cent matured within 30 days* and 38*5 psr cent after 30, but within 60 ays. Holdings of agricultural and livestock paper, maturing after 90 days, (, -month paper) amount to slightly below 3 million dollars, over two-thirds of the total being held by the Dallas, Minneapolis and Chicago banks. U. S« bond transactions are reported by 9 banks, resulting in a a ^ ^ 0Ils total amount of bonds, and an increase of 9 ,000 in the total of Treasury notes 6n hand. Municipal warrants show a gam for the week of $600, 000, larger holdings being shown by 8 banks. °tal earning assets stand now at 192 million dollars, oir 34-8 per cent of nf capital, as against 350 per cent shown the week before. Of the total earning assets, acceptances represent UI 19 J>er cent; U. S. on s - 24»3 Per cent; discounts - 14.8 per cent; warrants - 14.6 per cent, and Treasury notes - 4.4 per cent. Both the New York and Chicago banks report considerable withdrawa-KS +°'T ^ ^ w e e k of Government funds. Net member bank deposits aggregate a out 1.4 millions less than at the end of the preceding week, the larger net withdrawals of bank deposits from the Hew York bank being partly off- . set by gains shown for the Chicago, bank. ^ d e r a l Reserve bank notes in circulation decreased slightly during the week. The amount of Federal Reserve notes outstanding remained practically unchanged at $175,602,000, against which the Agents hold at present $162,085,000 of gold and $16,152,000 of paper. The banks report ^ . >00° of Federal reserve notes in actual circulation, and $11,212,000 as their aggregate net liabilities on notes issued to them bv the Federal Reserve Agents. Released for publication Sunday morning August 13, 1916. Not earlier. STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TvTELVE FEDERAL RESERVE BANKS OF THEUNITED STATES AT CLOSE OF BUSINESS AUGUST 11,1916 R E S O U R C E S . August 11, 1916 August 4, 1916May 12, 1916 February 11, 1916 Ausust 13, 1915 Gold coin and certificates in vault...................... ................. $ “258 952 000 256,437,000 238,485,000 255,284,000 209,697,000 Gold settlement fund,......... ................................................................. 106* 121*000 106,811,000 71,911,000 83,938,000 53,490,000 Gold redemption fund with United States Treasurer.............. 1* 852*000 1,915,000 1.778.000 1.120.000 1.084.000 Total gold reserve.............................................................. 366^925^000 365,163,000 312,174,000 340,342,000 264,371,000 Legal_tender notes, silver, etc................................................ 11*127*000 11.699.000 7.927.000 15.248.000 20.949.000 378*052^000 376,862,000 320,101,000 355,590,000 285,220,000 Total reserve................... .................................................. Five per cent redemption fund against F. R. bank notes___ %no'ono 450,000 386,000 50.000 Bills discounted and bought: . 12,425 000 15,271,000 6,802,000 5,928,000 3,441,000 Maturities: Within 10 days,....... ........................................... From 11 to 30 days......, ...................................... 26*310*000 23,863,000 18,482,000 12,543,000 10,215,000 " 31 to 60 days.............................................. 41,898 000 42,566,000 2 6,124,000 18,944,000 14,968,000 " 61 to 90 days.............................................. 2 5' 388*000 25,228,000 14,895,000 12,617,000 10,170,000 Over 90 days........................................................ 2 950*000 3.006.000 2.900.000 2,696.000 2.024.000 108,V71J'000 109,934,000 69,203,000 52,728,000 40,818,000 To'tal ............... ........ '.......................................................... Investments: United States bonds................................ ............ 46*703^000 48,037,000' 51,268,000 25,304,000 8,607,000 x One-year United States Treasury notes......... . 8*351*000 7,925,000 ' 3,840,000 . ... ... Municipal warrants„ . . . .................... ................... 27*975^000 27 .375.000 40.285.000 25.577.000 18, 558.000 Total earning assets.......................................................... 192,*000"oX) 193,271,000 164,596,000 103,609,000 67,983,000 Federal Reserve notes - N e t ,.,................................................. 20*069*000 20,426,000 26,053,000 28,344,000 11,266,000 Due from Federal reserve banks - Net...................................... 16^447*000 19,947,000 15,752,000 12,964,000 4,028,000 All other resources...................................... ...................... 3*731*000 4.411.000 4.305.000 12,839.000 5.623.000 TOTAL RESOURCES................................................................... 610*799*000 6 15,367,000^ 531,193,000 513,396,000 374,120,000 L I A B I L I T I E S . ' ' 55,130,000 55,148,000 54,850,000 54,890,000 54,331,000 Capital paid in..................................................................... ....... Government d e p o s its ,.................................................................. 53,259,000 56,607,000 38,153,000 26,881,000 Member bank deposits - Net....................................................... 489,219,000 490,625,000 427,810,000 421,907,000 301,926,000 Federal reserve notes - Net...................................................... 11,212,000 11,029,000 8,402,000 9,577,000 15,723,000 Federal reserve bank notes in circulation ............ .............. l,691,CCO 1,692,000 1,751,000 All other.'liabilities....................................................... . . 288.000 266,000 227.000 141.000 2.140.000 TOTAL LIABILITIES................................................................ 610,799,000 ' 615,367,000 531,193,000 513,396,000 374,120,000 Cold reserve against net deposit and note liabilities (A). 68.3% 67.7/a 68,1$ 76,4$ 84,3$ Cash reserve against net deposit and.note liabilities (A). 70.4$ 70,0$ 69.8$ __ 79.8$ 90.9^ Cash reserve against net deposit liabilities after setting a^ide 40$ gold reserve against aggregate net liabilities _on^ederal reserve notes^ i n _ c c u 1a 1 ^ i o n _ ( ___ ____ 71,0$ _ 7 0 .6 ^ 70.4$ 8 0,7$ 93.6$ (A) Less items in transit between Federal reserve banks,vizt $16,447,000 19,947,000 15^,752,00012,964,000 ^ 4,028,000 Released for publication Sunday morning August 13, 1916 Not earlier. 769 la. WEEKLY STATELEENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS AUGUST (in thousands of dollars.) R E S O U R C E S . Boston N. Y Phila. Clevel. Richm. Atlanta Chicago St.Louis Minnls . Kas. Cy. Dallas Gold coin and certif.in vault $9,533 145,450 10,235 14,058 6,077 5,184 5,230 4,338 5,430 6,118 37,379 Gold settlement fund 11,977 14,286 14,086 10,389 12,278 4,060 1,746 12,774 5,095 4,323 10,872 Gold redemption fund 5 250 50 39 30 415 200 30 446 136 241 Total gold reserve 21,515 159,986 24,371 24,486 17,908 8,279 50,353 10,355 10,430 15,346 9,731 Legal tender notes, silver, etc. 119 4.4*9 710 1.147 222 1.269 747 1.112 432 783 62 21.634 164.485 25.081 25.633 18.130 Total reserve 9.548 51.100 11.467 10.862 15.408 10.514 _ _ _ _ - _ - - ——5$ redempt.fund - F. R. bank notes - 400 100 2,669 Bills discounted - Members 555 283 259 6,149 3,219 3,413 995 1,941 2,000 6,441 10.026 Bills bought in open market 28.910 11.146 6f. 839 1.522 678 5.321 5.174 424 2.955 12.695 29.465 11.429 Total bills on hand 6.827 7.098 4.741 8.587 4.896 2.424 6.441 6.316 2,220 Investments: U. S. bonds . 2,890 • 2,992 5,584 1,129 9,393 3,401 9,647 1, 508 2,724 2,581 _ _ One-year U. S. Treas. Notes 250 2,282 818 800 684 526 570 350 616 529 .. 2^29,,. 7.429 Municipal warrants 4.317 2.572 4.751 1.069 336 166 424 1.822 Total earning assets 18.666 41.396 17,709 18.233 8.976 6.941 22.297 11.432 .9.716 13.111 9.551 - _ - - Federal reserve notes - Net 12,501 592 948 , 301 1,273 1,249 1,798 _ - ---Due from other F. R. banks - Net 2,876 284 2,555 527 1, 560 857 8,468 2,298 150 All other resources 23 245 607 315 102 719 256 96 753 216 44.147 218.62? 43,816 47.037 27.208 17,623 83,833 25,988 23.329 31.433 20,918 TOTAL RESOURCES S.Fran 9,920 4, 235 10 14,165 25 14,190 535 7.517 8.052 2, 634 926 2.360 13.972 1,407 1,780 249 31,598 Total 258,952 106,131 1.852 366,925 11.127 378.052 500 28,459 80.513. 108.971 46,703 8,351 27.975 192.000 20,069 16,447 3.731 610.799 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 All other liabilities TOTAL LIABILITIES 3,921 3,295 24,382 -— _ - _ _ 31.598 55,130 53,259 489,219 11,212 1,691 ~ 288 610.799 9,566 1.407 8.159 9,566 1,407 175,602 22.374 153.228 162,085 20,069 11.212 ' 4,870 3,559 35,612 -- 11,571 16,766 185,880 _ _ 5,217 6,938 31,597 ---- 5,966 1,712 39,359 - - 3,359 3,626 15,504 4,433 2,490 3,902 10,525 696 6,674 5,060 72,099 - 2,790 3,928 19,270 _ * 2,582 948 19,799 - - 3,001 1,342 23,995 1,404 1,691 _ _ 106 44,147 4,410 ---64 43.816 - ---47.037 178 108 27.208 10 17.623 - 83.833 _ _ 25.988 - 23,329 - 31.433 218.627 2,689 2,183 11,197 4,679 -170 — 20,918 M E M O R A N D U M . 9,153 13,599 3,370 6,299 12,927 11,769 13,689 67, 613 ‘ 7,783 9,512 10,322 F. E. notes issued to the banks 301 337 ...1.304 . . 1,249 592 948 12.501 1.273 ... 1.798 506 F. R. notes in hands of banks 158 55.112 __ 7.191 8.816 12.295 .. 2.121 . 5.026 11.129 11.263 13.531 9.374 F. R„ notes in circulation 9.211 7,783 9,512 4,383 11,599 3,370 67,613 6,299 12,927 9,859 8,852 Gold and lawful money with Agent 10,322 592 301 12,501 1,249 948 1,273 1,798 Carried to net assets 696 1.404 4 ‘.679 ...Ju.i3.3_ Carried to net liabilities (a) Items in transit i. e. total amounts due from less total amounts due to other Federal reserve 11, 1916. banks. for publication Sunday morning August 13, 1916. Not earlier 769 STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS AUGUST 11, 1916. (in thousands of dollars) * Federal Reserve notes: Received from the Comptroller Beturned to the Comptroller Chargeable to F. R. Agent In hands of F. R„ Agent issued to F. K. bank less amount returned to F. R. Agent 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 With Federal Reserve Board Boston $20,380 N. Y. Phila. Clevel. Richm. 121,240. 15,480 17,000 20,400 9,380 9,600 19,000 14,980 23,580 13,320 299,520 4,238 37,827 3,977 2,148 4,597 2,705 1,129 1,539 443 1,308 3,112 954 63,977 16,142 83,413 11,503 13,012 12,403 17,695 8,251 8,061 18,557 13,672 20,468 12,366 235,543 5,820 15,800 3,720 3,500 3,250 4,096 4,881 1,762 5,630 1,903 6,779 2,800 59,941 10,322 67,613 7,783 9,512 9,153 13,599 3,370 6,299 12,927 11,769 13,689 9,566 175,602 9,700 62,316 4,090 8,920 2,850 10,920 4,270 7,940 622 5,297 533 592 383 599 290 299 657 389 682 316 10,659 3,160 -- 4,000 10,000 3,080 3,150 1,350 5,200 230 9,250 39,420 4,770 2,000 -- - - -- 1,910 4,837 _ _ 13,517 -- 10, 322 Amount of commercial paper delivered to Federal Reserve Agent -- TOTAL 15,160 -- As security for outstanding notes: Commercial paper TOTAL Atlanta Chicago St..Louis Minnls.Kas.Cy. Dallas S.Fran 1,000 67,613 7, 783 9,512 9,153 13,599 3,370 6,299 12,927 11,769 13,689 -- -- -- 6,109 2,006 —- —— —— 1,923 6,114 112,006 9,566 175, 602 16,152
@FedFRASER