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Released for publication Sunday morning January 23, 1916. Not earlier. 510. STATEMENT FOR THE PRESS. January 22, 1916, An increase of 3,9 millions in the total amount of earning assets, an increase of 1.9 millions in the amount of gold held by the Federal Re serve Agents and a decrease of 5.9 millions in the combined gold reserves and of over 6 million dollars in the total reserves of the banks are in dicated in the weekly bank statement made public today by the Federal Re serve Board as at close of business on January 21, 1916, Conmercial paper on hand shows a decrease for the week of about 1,5 million dollars, the 3 Southern and 4 Western banks reporting smaller amounts of discounted paper than at the end of the preceding week. The aggregate of acceptances held, including domestic bills of exchange bought in the open market, shows a gain during the week of 1.6 millions, over one-half of the increase being credited to the Boston bank. Of the total amount of paper held by the banks, almost 50 per cent is represented by acceptances. Of the total paper on hand 36.3 per cent matures within 30 days and 33,7 per cent after 30 though within 60 days. The holdings of agricultural and live-stock paper maturing after 90 days total 3,6 millions, or 6.5 per cent of the total bills on hand. About 2.6 millions of United States bonds were purchased during the week by 6 banks, New York and Richmond being at present the only banks which have no investments in Government securities. The holdings of warrants show an increase of about 1,1 millions, Philadelphia and Chicago reporting the largest increases under this head. Of the total earning assets com mercial paper and acceptances constitute about 29 per cent each, while the share of United States bonds and warrants is about 21 per cent each. The ratio of earning assets to capital is now 176 per cent as against 169 per cent the week before, 144 per cent 3 months and about 115 per cent 6 months before. Member banks* deposits dhow an increase for the week of about 2,8 millions, Boston, New York and Kansas City reporting the largest gains of deposits for the week. Government deposits increased 1,2 millions, all the banks ex cept New York and Minneapolis showing larger figures than the week before. Federal Reserve Agents report a total of 220,4 millions of notes out standing or 1 ,4 millions more than the week before. This increase,however, is due exclusively to the issue by the San Francisco Agent of 2.8 millions of additional notes. The other agents report either no increases in the amountsof notes outstanding or else net returns of notes for redemption. The banks show a total note circulation of 182,7 millions or about 3.5 millions less than the week before and an aggregate net liability thereon of 11,6 million dollars. ■ 1 Released for publication Sunday morning January 23, 1916. Not earlier. 510 a. STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS OF THE UNITED STATES AT CLOSE OF BUSINESS JANUARY 21, 1916. *■" January 21, 1916 January 14, 1916. October 22, 1915. R E S O U R C E S . July 23, 1915. January 22, 1915 260,855,000 227,005,000 214,047,000 Gold coin and certificates in vault...................... $259,106,000 239,224,000 85,630,000 54,670,000 48,450,000 81,620,000 Gold settlement f u n d . . . . ............................... * ......... 1 . 21% 000 1 . 212.000 Gold redemption fund with U. S..Treasurer.. . . . . . 438.000 1.062.000 1.076*. COO 347,700,000 341,788*000 282,887,000 263,573,000 239,662,000 Total gold reserve............................................ 3 4,283.000 34,626.000 14.132.000 25.913'000 18.747.000 Legal tender notes, silver, etc............................. 317,513,000 355,920,000 351,983,QQQ 289,406,000 258,409,000 Total reserve, .................. .......................... Bills discounted and bought: 7.399,000 7.263.000 7.517.000 Maturities; Within 10 days................................... ^11,956,000 J 6,833,000 13*291,000. 12.790.000 11.198.000 From 11 to 30 days........................... 16.961.000 18.838.000 12.815.000 14.094.000 4,089,000 n 31 to 60 days........................... 14.195.000 13.115.000 8.978.000 11.196.000 11 61 to 90 days........................... ( 2,140,000 3.910’. 000 3.608.000 1.789.000 3.456.000 Over 90 days...................................... 55.756.000 55.868.000 43.322.000 13,062,000 39.423.000 Total.................................... .............................. 17,613^,000 20.242.000 7,923,000 10.480.000 1.070.000 Investments: U. S. Bonds................................. 19.484.000 20.624.000 25.381.000 15.110.000 9.364.000 Municipal warrants............................ 9 2 ,85§,000 96.734.000 79.183.000 62,456,000 23,496,000 • Total earning assets.................... .................. 29.943.000 34.895.000 15.680.000 9.227.000 3.908.000 ^ Federal reserve notes - Net................................... 12.995.000 13.089.000 12.342.000 5.229.000 9.142.000 Due from Federal reserve banks - Net.................. 9.805.000 1 0 .688.000 3.162.000 4,765'. 000 9.583.000 All other resources.................................................. $511,326,000 507,5^9,000 427,880,000 371,163,000 304,538,000 TOTAL RESOURCES................................................ L I A B I L I T I E S . All other lia bilitie s.............................................. TOTAL LIABILITIES............................................ Gold reserve against net liabilities (a ) ........... Gash reserve against net liabilities (a ) ........... Cash reserve against net deposit liabilities after setting aside 40$ gold reserve against net amount '' of F. R. notes in circulation (A )...................... (A) Less items in transit between F.R. banks viz: 54.889.000 28.073.000 416,656,000 11.571.000 137.000 $511,326,000 54.899.000 26.879.000 413,719,000 "1 1 ,9 4 8 ,0 0 0 , * 134 ..000 507,579,000 54.834.000 15,000,000 340,444,000 14.809.000 2.793.000 427,880,000 54.170.000 18,432,000 301,063,000 14.521.000 1.409.000 371,163,000 284,193,000 1,913,000 304,538,000 80.3$ 79.1$ 82.4$ 79.0$ 88.7$ 84.9$ 9 3.3$ 86.5$ 93.3$ 81.4$ 83.5$ 90.8$ 96.6$ 93.4$ 77.156 $13,089,000 12,995,000 12,342,000 5,229,000 9,142,000 Released for publication Sunday morning January 23, 1916. Not Earlier. 510 b. WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JANUARY 21, 1916. . ' R E S O U R C E S . Boston N. Y, $17,463 155,783 Gold coin and certif.in vault 1,270 10,326 Gold settlement fund 55 3 Gold redemption fund 18,736 166,164 Total gold reserve 3.297 1.758 Legal tender notes,silver,etc. 20.494 169.461 Total reserve 208 175 Bills discounted - Members ......7x975.. 10.586 Bills bought in open market 8,183 10,761 Total bills on hand ---Investments: U. S. bonds 986 3.307 ....7.189 Municipal warrants 17.950 12.476 Total earning assets 930 23,630 Federal reserve notes - Net ---Due from other F. R. banks - Net 2,227 590 346 All other resources. 36.767 211.387 TOTAL RESOURCES Phila. 11,806 5,513 Clevel. Richm. Atlanta Chicago St.Louis Minnls. 9,610 5,636 5,096 29,932 3,017 3,103 3,580 11,859 11,892 11,934 3,641 4,766 - Urn. —. - 305 21 288 30 17,319 21, 502 17,858 8,981 41,791 7,804 6,774 5.247 1.559 156 181 810 184 225 22,566 23.061 .18.014 9,162 42.601 6.999 7.988 182 386 6,759 6,575 3,512 1,152 1,121 2.354 150 1 . 002400 2.505 940 605 2, 536 1,388 6,909 6,017 6,975 2,092 1,726 - 2,991 2,470 25 1,491 4,313 1,458 2^957... 2.926 160 330 1.466 453 961 8.484 6.784 7,069 7.330 11.796 4.036 4.145 - - 436 705 1,686 795 1,269 ---551 430 5,887 152 2,507 4,783 941 788 111 „.JU864 342 3.612 107 32.427 31.889 25.346 18.786 62.312 18.938 17.303 Kas.Cy. Dallas S. Fran. TOTAL 4,010 8,606 5,044 259,106 3,114 • 8,957 4,768 81,620 — 107 253 1.062 11,827 13,220 9,812 341* 788 499 5 211 14,132 12,038 13.719 9,817 355.920 3,197 4,275 416 27,958 / — — 539 854 27v9l0 4,275 1,270 3,736 55,86B 3,025 2,188 .1,29 5 20,242 450 349 76 20.624 6.273 4.745 5,646 96.734 _ — — — 5,394 34,895 1,594 288 2,533(a)l3,089 933 880 174 10.688 20.838 20.533 22.663 511'.3 26 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 M E M O R A N D U M 5,158 1,089 30,520 - _ -36,767 11,058 5,270 5,938 5,431 494 481 188,298 25,400 25,470 -_ _ -6,600 1,263 --211.387 32.427 31.889 3,355 6,016 10,758 5,184 33 25.346 2,423 6,044 7,999 2,216 -104 18.-786 6,646 965 54,701 -- -62.312 2,783 635 15,520 -_ _ 18.938 2,548 169 14,586 —— _ _ 17.303 3,014 570 15,930 1,324 --20.838 2,755 5,136 9,795 2,847 —— -20.533 3,941 1,043 17,679 - —— -22.663 54,889 28,073 416,656 11,571 — 137 511.326 . F. R. notes issued to the banks 10,020 94,240 8,660 11,200 14,230 17,990 4,380 8,950 14,000 11,000 14,580 11,130 220,380 F. R. notes in hands of banks. 980 23.681 436 705 186 1.574 1.686 795 1.269 676 293 5.394 37.675 9.040 70.559 8.224 10.495 14.044 16.416 F. R. notes in circulation 2.694 8.155 12.731 10.324 14.287 5.736 182.705 94,189 8,660 11,200 Gold and lawful money with Agent 10,020 8,860 14,200 4,380 8,950 14,000 9,000 11,440 11,130 206,029 jC^rried to net liabilities 5,184 2,216 1,324 2, 847 11,571 980 705 23.630 436 Carried to net assets 1.269 1.686 795 5.394 34.895 (a) Items in transit i .e . total amounts due from less total amounts: due to other F. R. Banks. - - - - - - - - ----- - - - - - - ----- ----- - Released lor publication Sunday morning January 23, 1916. Fedefal reserve notes: Received from the Comptroller 510 c. STATEMENT OF FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS JANUARY 21 1916 (In thousands of dollars) ' Boston N. Y. Phila. Clevel. Richm. Atlanta Chicago St.Louis Minnls.Kas.Cy. $19,380 Returned to the Comptroller Chargeable to F. R. Agent Not earlier. 108,240 500 18,880 108,240 8,860 14,000 10,020 94,189 In hands of F. R. Agent 15,480 13,000 640 120 14,840 12,880 3,660 10,670 17,000 20,400 17,000 20,400 9,600 19,000 13,000 Issued to F. R. bank less amount returned to F. R. Agent for redemption Amounts held by F. R. Agent: In. reduction of liability on outstanding notes: A On hand: Gold coin and certificates Credit balances: In gold redemption fund 530 With Federal Reserve Board 5,000 As security for outstanding notes: Conmercial paper T O T A L 10,020 Amount of commercial paper delivered to Federal Reserve Agent 500 94,240 51 8,660 10,000 2,000 9,540 144,529 1§0 8,860 13,700 5,370 3,790 11,200 14,230 17,990 ~ 5' 466 3>790 51 3,950 4,260 4,380 -- 650 5,000 4,000 8,950 -- / 7.000 1,900 11,130 £0,850 2.000 3,140 -- 14,351 14,000 11,000 14,580 11,130 220,380 - - 2,008 3,829 - - 15,144
@FedFRASER