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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