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I
537.
Released for publication Sunday morning February 13, 1916.

Not earlier.

STATEMENT FOR THE PRESS,
February 12, 1916.
The Federal Reserve Board made public today its weekly bank state­
ment as at close of business on February 11th. For the first time since
organization the total earning assets of the banks exceed 100 million
dollars, having increased 7,1 millions during the week. The total gold
reserves of the banks show a decrease of 1,7 millions, while the com­
bined cash reserves declined over 1 million dollars.
The New York bank reports net withdrawals of 3,5 millions of gold,
and of 2,3 millions of total cash, largely as the result of increased
investment operations, and net withdrawals of member bank deposits.
The Atlanta bank reports an increase of over 2 million dollars in its
credit balance in the gold settlement fund, and ol about 1.9 millions
in its total gold reserve. Chicago shows a gain-of 1.5 millions in its
gold reserve, together with a decrease in the net amount due from other
reserve banks and a gain in member bank deposits.
Of the total earning assets of the banks, 103,6 millions, bankers’
acceptances constitute over 27 per oent, warrants and United States bonds
about 25 per cent each, and rediscounts of commercial paper less than
24 per cent,
Almost 68 per cent of the discounted paper is held by the
three Southern banks, while over 80 fier cent of the bills bought in the
open market are held by the three banks on the Eastern Seaboard. Over
35 per cent of the paper held by all the banks matures within thirty
days, while about 36 per cent matures after thirty but within sixty days,
Nearly one million dollars of United States bonds were bought during
the week by five banks.
New York, Chicago, Philadelphia and Cleveland
report large increases in their holdings of public short-tem obligations,
mainly of the City of New York.
The ratio of total earning assets to
paid-in capital stands now at 189 per cent, as against 176 per cent the
week before, and about 125 per cent six months before.
Member bank
deposits show an increase of 2,8 millions and Government deposits a
decrease of 3 millions for the week, the New York bank reporting net
withdrawals of both Government and member bank deposits, while Boston,
Chicago and Atlanta report considerable gains in member bank deposits.
Federal Reserve Agents report a total of 211.7 million dollars of
reserve notes outstanding, a decrease of over 6 million dollars since the
end of the preceding week, eight of the banks having surrendered notes
for redemption. Against the above total the agents hold about 200 million
dollars of gold, and 13,8 millions of paper, a decrease of 5,1 millions in
the amount of gold, and over 1 million dollars in the amount of paper
held, as compared with the figures of the week before.
The banks report
a total circulation of 181,2 million dollars and aggregate liabilities
thereon of slightly over 9,5 million dollars, or about one-half million
dollars less than at the end of the previous week.




Released for publication Sunday morning February 13, 1916.
Hot earlier*
vm mnar m? nuQTTiTrq^ WR'RTTARV
STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS OF THE UNITED SiATES AT CLOSE OF
R E S O U R C E S

.

February 11 ,1916 February

Gold coin and certificates in vault.......................................
Gold settlement fund................................... . .............................
Gold redemption fund with United States Treasurer.............
Total gold reserve............................................................
Le^ ’T o t ^ 6reserv©l

BiS

u

" w

d
itS

$255,284,000
83,938,000
I,12u,u/y.
340,342,000

! ! ! ! ! 1*. 1 1 ! ! * *.!! 1 1 1 1 *

5,928,000

61 to 90 days............................................

12,617,000

2

"
l

t

l

—

-

...............................................................................................................................................................................-

i n v e s t ™ ^ : u n i t e d 's t a t e s 'b o n d s :::::::::::::::::::::::::

M

£

i

:

S

Federal reserve notes - Net................................................... .
Due from Federal reserve banks - Net.....................................

255' 4f ' ^
85,368^000
l,lo f.i.f f&
34?,004,000

Ao*7Qn*nnn
/ ^ 'o o o
AL’
397't J I'® “

53*490*000
l ' 084^000
?7i 000
^ q l q 'o o o

329,253,000 i ^ i ^ O O O

6,002,000
W

5,223,000
»

10,391,000

.

3,441,000

£

M

9,521,000

-

>

OOC)1915
.......
’ 584.000
259 256 000
22 117 000
. 281,373,000

< 7|M4(000

,-,0 0 0

E

1 ,

537 a.

,

080,000

m

m

M

oos

Municipal warrants........... ..................................
Total earning assets................................... .....................

1916

4 ,1916 November 12 ,1915 A“ ^ Sg * 3i3115

355,^5 9 0 ^

S T J ;.............................................

11

V03,609,000
28,344,000
12,964,000

m

. ^

jg ’ g f r g g
oo'no'oOO
33,710,00

510^000

^A n I S I l ^ s S S s : : : : : : : : : : : : : : : : : : : : : : : : ^

,« > * & « »

ooo

Is f gg
19*537'000
-iA%7t;'nno

%

983,^

11,266,000
4 028 000
275*0005:623:000

i ^ o o o

I z l t l t 'M
1,471,000
4 462 COO
S^O^OCL

374, 120,000

325, 022,000

54,331,000

35,841,000

L I A B I L I T I E S .
Canital raid <n
.........................................................
^apitao. paxi -n.. . . . . .
Government d e p o s x t s ..............................................................
Reserve deposits ..............................................
Federal reserve notes - Bet.....................................................

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 40$ gold reserve against aggregate net liabilities
on Federal reserve notes in circulation (A )......................
(A#^ess^items~in transit between F. R. banks viz:



$54,890,000
V f i f i l 000

54,907,000

»,S 57,000
ssh^ooo

26,881,000

79.8$

29,850,000
,

54,846,000

15,000,000
359,317,000

........
301,926,000

9 966 000
137.000
513, 997.000

13,007,000
4 ^22 ^00
446, 192,000

15,723,000
2 . 140.000
374, 120,000

oo'if

887SE

80-4$

88-7^

90*936

S0*9^

284,996,000

4,185,000

325, 022,000
98

1$

.
,
_8 0.7$_______________ 8 1 . 3 $ ___________ 9 0 . 5 $ ______________9 3.6 fe____________* 9 . ^ _______
$12,964,000

15,223,000

16,175,000

4,028,000

4,462,000

»
«
BESEHVE BAHKS AT CLOSE OP BUSIlffiSS FEBRUARY 11, l , ^
(In thousands of dollars;
R E S O U R C E S

r

Phila.
N. Y.
Boston
9,210
Gold coin and certif.in vault $16,553 150,820
6,641
10,964
1,222
Gold settlement fund
55
3
Gold redemption fund
17,778 161,839 15,851
Total gold reserve
319
5.076
5,644
Legal tender notes,silver,etc. .
18.097
166.915
21,495
Total reserve
223
174
211
Bills discounted - Members
,832
12.217
8.583
Bills bought in open market
2,055
12,391
8,794
Total bills on hand
3,215
986
Investments: U. S. bonds
3.188
9 ,713.
Municipal warrants 3.424
13.204
22.104
JL458.
Total earning assets
317
16,898
1,'182
Federal reserve notes - Net
213
1,184
Due from other F. R. banks-Net
162
4*569
305
All other resources
33.972 210.486 30,645
TOTAL RESOURCES

^

TOTAL
Clevel. Richm, Atlanta Chicago St.Louis Minnls. Kan.Cy. Dallas S.Fran.
4 616
5,179 35,171
3,331
2,992 8,727
4,014
4,445 255,284
10,226
83,938
5,606 10,136
3,430
4,090 3,982
9,207
4,181
11,794 12*685
1,120
^330
333
________ 1929
106__________ __ 245____ 340,342
8,626
13,466
12,815
7,111
6,780
22,020 17,631 11,118 45,307
15,248
14
835
252
266
152
244
733
87
1J526_
355,590
8.640
13_j_067
14*301.
6.932
7.377
23,646 17.718 11.362 46_JD40
24,654
418
4,696
2,485
946
898
2,270
5,103
6,934
296
28.074
717
50
468
489
794
1,583
364
165
812
52,728
1,135
4,746
2,953
1,435
1,692
3,853
5,467
7,099
1,108
25,304
3,035
1,295
2,221
1,647
3,309
6,202
43
3,351
2$,577
1.207
478
1,407
755
2.380
2*947
78
103.609
_5J377
6,,Q41_
5.652
7.406
7.177
5.510 12.435
5,756„ A , 489,
28,344
5,386
968
1,133
1,747
713
3,207(a
)l
2 ,964
1,135
4,535
1,241
3,610
991
1,429
598
132
12
..839
274
115
1.P55
4.465
558
839
25
390
32,753. 26.349 18.702 64.390 19.527 17.484 20.909 20,616__ 22,742— 513,396

L I A B I L I T I E S .
Capital paid in
Government deposits
Reserve deposits - Net
Federal reserve notes - Net
Due to other F. R. banks - Net
All other liabilities
TOTAL LIABILITIES

5,162 - 11,057
4,474
837
27,973 190,200
4,755

---33.972

210.486

5,257
190
25,198
-

-

30.645

5,951
515
26,287

3,356
6,404
11,773
4,778

2,423
5,964
8,627
1,585

38
26.349

103
18.702

2,784
6,646
1,685
x-26
S7,l10' 15,058

2,551
375
14,558

3,014
172
16,665
1,058

—32.753

mm.

—

64.390

—

19.527

—

3,941

2,748
5,169
10,139
2,136
"424

17,679

20.616

22.742

1,122

-

17,484

20.909

54,890
26,881
421,927
9,557
141
513.396'

M E M O R A N D U M .
F, R. notes issued to the banks 10^006
F. R. notes in hands of banks
■
*1,182
R. notes in circulation
Gold and lawful money with Agentl0,006
Carried to net liabilities
Carried to net assets
(a) Items in
x Overdfhr.ft




89,240
16.898

8,145 11,200
317.
713
7*_828 10.487
8,145 11,200

14,200. 16,954
1*165.
262
" ',cc
13.938 15.789
9,160 14,204
89,240
1,585
4,778
713... 713
16.89816.898317 .317,
transit i.e . total amounts due from less

11„070 211,661
30.459
5,386
181.202
13.572
5,684
11,436 11,070 199,989
2,136
-9,55^
5,386 ---28,344
1.747 1,747-1.133 1* 133--- 968-- t.— --- =---total amounts due to other Federal reserve banks

4,380
1*747.
2.633
4,380

8,948 13,200
968
1.133.
12.232
LJ158,948 13,200

10,645
587
10.058
9;000
1,058

13,673

ioi

Released for publication Sunday morning February 13, 1916.
V

JJl

Not earlier,

STATEMENT OF FEDERAL RESERVE AGENTS’ ACCOUNTS. AT CLOSE OF BUSINESS FEBRUARY 11, 1916.
(In thousands of dollars)
Boston

?eZ t i Z Si r
Z

C o m p tro ller

Returned to the Controller
C h argeable

to F. R. Agent '

In hands of F. R. AgM t

^

h. y.

Phila. Clevel.

$19,380

108,240

15,480

13,000

640

5,000

1,140

120

18,740

103,240

14,340

12,880

8,734

14,000

6,195

10,006

89,240

9,410

596

Richm. Atlanta Chicago St.Louis Minnls. Kan.Cy. Dallas
!7,000

20,4Q0

9,380

9,600

19,000

S.Fran

TOTAL

13,000

M .5 8 0

11,360

375,420

11,070

267,894

120
17,000

20,400

1,680

2,800

3,446

8,145

U ,3 0 Q

14,200

16,954

77,900

3,560

10,640

--

11,340

485

MO

500

4,100

--

8.660

9.3SO

9,600

19,000

13,000

19,364

652

5,800

2,355

5,691

4,380

8,948

13,200

10,645

13,673

11,070

--

3,950

2,000

9,540

- -

127,700

120

438

650

500

706

290

16,919

4,260

4,560

2,350

6,500

1,190

4,880

--

56,233

Issued to F* R* Bank, less
S n f f o r ^ e ^ i o n ' B’

211,661

,<£rnounts held by F*
Agent z
In reduction of liability on
outstanding notes:
“

k

and certificates

T ^ r ^ i i o n
With

Federal

fund:

Reserve Board

--

--

500

734
12,970

n0te3: - .............................................. ».<*>
T O T A L

10,006

Amount of commercial paper delivered
~"to Federal Beserve Agent
--




89,240

8,145

11,200 14,200

16,954

» .« 0

10,200

-- -

4,380

8,948

___

_ _

"
13,200
___
*

*

10,645

13,673

1 688

"4,173

10,780

55,370

--

U -672

11,070

211,661

--

13,819