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Released for publication Sunday morning January 9, 1916, Hot earlier. 48d, STATEMENT FOR THE PRESS. January 8, 1916 • The weekly Federal Reserve Bank statement as at close of business on January 7, 1916 was made public today by the Federal Reserve Board. The statement indicated an increase during the week of 9,5 millions in the combined gold reserves and in increase of 8.8 millions in the aggregate cash reserves of the banks, Considerable gains are also shown in the amounts of bankers$ acceptances, warrants and United States bonds on hand„ Government deposits were made during the week with all the banks, the total held at the end of the week being 58«8 million dollars as against 15,1 millions shown for December 30 of the past year. Federal reserve bank notes were.issued by the Comptroller to one bank; though none of thes& notes ic yet in actual circulation. The largest gains during the week in gold reserves are reported by the Chicago, New York, San Francisco and St. Louis banks. The gold holdings of the system, including amounts held by Federal reserve agents against notes outstanding total now 554.1 millions, compared with 415.5 millions about 3 months before and 340,5 millions about 6 months before, During the past 6 months the amount of gold held by the banks increased about 33 per cent, while the gold holdings of the Federal reserve agents increased about 170 per cent. The aggregate of commercial paper in the hands of the banks declined during the week 1+8 million dollars, the 3 Southern banks as well as Kansas City,with about 74 per cent of the total, reporting smaller figures than the Week before. Bankers1 acceptances on hand show an increase of about 3 millions, New York and Boston reporting the largest gains for the week. Of the total amount of paper held, bankers* acceptances constitute now o1T&t 45 perecent , as against 41 <5 at the end of the preceding week and $6,2 per cent about 6 months before. Over 37 per cent of the paper ma/|ures within 30 days and about 32 per cent after 30 days but within 60 (lays. The banks show total holdings of about 3,9 millions of agricultural • ajid live-stock paper maturing after 90 days or 7,1 per cent of the total apiount of paper on hand. The purchase of over 1 rdLllion dollars of United States bonds is reported during the week by 7 bankd«* The holdings of municipal warrants increased about 4,9 millions largely as the result of investments by the Hew York Bank in New York City short-term revenue bonds. The total earning assets, amounting at present to 89,4 millions> constitute now about 163 per cent of the aggregate capital of the banks, as against 152 per cent on December 30, and. 108 per cent on July 9, of the past year, Net reserve deposits increased 7/2 millions, New York and St, Louis reporting the largest gains during the week. Federal Reserve Agents report a total of 215,5 millions net of reserve notes issued to the banks, an increase during the week of 1,4 million dollars• Their gold holdings increased 2*2 millions, whereas the aggregate amount of papep in their hands decreased over 0,5 million dollars, The banks report a total circulation of 188/5 millions ?vnd an aggregate liability thereon of about 13 millions, which is also about 0,5 million less than the corresponding total at the end of-the past year. R e I 1 5 l M ? ofiimiBED ™ S 0 m C ™ r A r o S L U 3 m I I E S R E S O U R C E S . Gold coin and certificates in vault Gold settlement fund Gold redemption fund with U. S. Treasurer Total gold reserve Legal tender notes, silver, etc Total reserve.,.. Bills discountod and bought: M^uriUes OT1™ January 7, 191o. $272,018,000 ^'Hn'nnr —1,250,000 ii 31 to 60 days it 61 to 90 days Over 90 days Total Investments: U. S. bonds Municipal warrants fFederal reserve notes - Net Due from Federal reserve banks - Net... ^ 483 UNITED STATES AT CLOSE OF BUSINESS JANUARY 7, 1916. F E D E E i r ^ S E R V E BASKS OF THE 13,858,000 3b/,dub,uuu 17,73 5,000 13,247,000 —3,938,000 55,579,000 17'097*000 17,097,000 y 24,156,000y -ll,ld/,UJv :%::::%:::::::::::::: December 30, 1915. October 8, 1915. 227,769,000 266,546,000 55,850,000 77,293,000 1.212.000 1.124.000 284,831,000 344,963,000 21.302.000 13.525.000 306,133,000 358,488,000 July 9, 1915. 218,021,000 47,106,000 1.116.000 (a)January 8, 1915. 232,125,000 266,243,000 22.494.000 288,737,000 428 f 000 232,553,000 17.997.000 250,550,000 6,467,000 14,278,000 16,859,000 13,696,000: 4.081.000 55,381,000 5,893,000 13,786,000 15,257,000 9,109,000 1.320.000 45,365,000 (13,008,000 ( 4,410,000 11,367,000 8,557,000 3.745.000 36,677,000 3,686,000 ( 1,780,000 15,797,000 21,910,000 20,767,000 6.547.000 491,110,000 9,483,000 27,029,000 15,523,000 7,723,000 3.124.000 414,380,000 7,898,000 13,895,000 8,379,000 6,107,000 3.694.000 365,387,000 705,000 5,762,000 5,038,000 6,249,000 9.121.000 287,301,000 54,915,000 (a)l5,101,000 400,012,000 13,486,000 fa) 7.596.000 491,110,000 54,781,000 15,000,000 326,787,000 15,225,000 2.587.000 414,380,000 54,104,000 18,055,000 295,808,000 13,375,000 267,389,000 1,854,000 365,387,000 287,301,000 • 12,220,000 9,876,000 L I A B I L I T I E S . Capital paid in ^ 2 3 ^ 4 1 ^ " s K ; i:::::::::::::::::::::::::::: ^ o v ; 34,; o j ) Federal -reserve notes - Net All other liabilities TOTAL LIABILITIES Gold reserve against net liabilities (A) Cash reserve against net liabilities (A).. Cash reserve against net deposit liabilities after setting aside 40$ gold reserve against net amount of F. R. notes in circulation (A) # -i o^'rinn 1*3, uuu $499,087,000 81.9$ 84.; 4 54.6$ 87.9% 81.5% 87.6% 87.8% 95.3% 86.27° 89.6% 89.8% 97.5% (A) Less items in transit between F. R. banks - viz: $11,137,000 .4# •d 2.100.000 20,767,000 7,723,OOC 88.5% 95.3% . 6,107,000 (a) Amended figure 95.7% 6,249,000 433 I • Released for publication Sunday morning January 9, 1916. Not earlier. JANUARY 7, 1916, WEEKLY STATEMENT OF RESOURCE „vm LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINEE (in thousands of dollars. " R E S O U R C E S , N. Y. Phila. Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas.Cy. Dallas S.Fran. TOTAL. Boston 4,096 272,018 3,964 8,590 3,053 5,020 37,298 3,180 5,491 9,600 5,915 Gold coin and. certif.in vault $16,673 169,138 81,150 8,812 11,880 7,580 3,944 2,151 2,372 3,321 8,897 11,661 10,222 8,707 1,603 Gold settlement fund — — —. — — —. — — 1,250 107 260 30 307 25 334 172 15 Gold redemption fund 7,027 10,848 13,036 15,976 354,418 8,648 39,670 10,785 18,291 178,017 14,812 21,261 16,047 Total gold reserve 12.888 15 374 163 93 138 702 148 109 3.773 5,379 1,298 696 Legal tender notes,silver,etc. 8.796 40.372 10,923 7.120 11,011 13,410 15,991 367,306 18,987 183.396 18,585 22.559 16,156 Total reserve Bills discounted and bought 206 Commercial paper 6.867 Bankers' acceptances 7.073 Total 986 Investments: U. S. "bonds Municipal warrant;s 3,171 780 Federal reserve notes - Net 219 Due from other F. R. banks - et ' 346 All other resources 31,562 TOTAL RESOURCES L I A B I L I T I E S 234 9,548 9,782 — <*• 6,128 17,821 — 415 217,542 164 2.512 2.676 2,791 1,448 496 3,515 584 30,095 , Capital paid in Government deposits Reserve deposits - l4et Federal reserve notes - NetDue to other F. R. banks - Net All other liabilities TOTAL LIABILITIES 445 942 1,387 2,400 2,767 462 1,110 445 31,130 7,331 150 7,481 158 — —» 1,671 130 25.596 7,388 72 7,460 ' 25 330 — — 1, 229 1,531 19,371 4,167 1,216 759 2.328 1,975 6,495 971 4,242 332 1,163 719 1,665 1,991 6,186 " ' 187 1,492 60,310 18,403 1,169 549 1.718 1,329 911 992 5,045 100 17.215 3,414 495 3,909 2,120 278 — — 4,391 — — 4,391 870 76 — — 30,531, 406 25.048826 55 .579 1.232 16,734/ 1,000 17,097* 335 24,156 1,221 2,210(&)11,13,7V 7.078 118 22.107 499,087 1,599 ' 685 19,602 969 1,045 20,761 3,026 417 14,829 1,330 2,753 5,092 9,787 3,129 3,942 664 17,501 19.602 20.761 22.107 i 5,158 517 25,887 —• — — — 31.562 11,058 4,502 187,375 — — 5,270 537 24,288 — "— 5,938 293 24,899 - — (14,607 217.542 30.095 31,130 3,357 5,384 11,157 5,674 24 25.596 6,645 2,420 5.828 (b)-323 8,173 53,988 — — 2,849 101 19.371 60,310 2,781 525 15,097 — — 18.403 2,547 405 14,263 — — 17.215 :: :: :: ~ - 54,895 23,841 407,244 12,982 125 499,087 M E M O R A N D U M . F. R. notes issued to the banks 10,020 91,840 9,160 F. R. notes in hands of banks 780 17.921 496 F. R. notes in circulation 9.240 73.919 8.664 Gold and lawful money with AgentlO, 020 91,740 9,160 Carried to net liabilities Carried to net assets 780 17,821 496 (a) Items in transit i. e. total amounts due from 11,200 462 10,738 11,200 15,030 18,350 4,380 8,950 14,000 11,000 15,145 206 1.301 1.665 719 992 670 576 14.824 17,049 2.715 8,231 13.008 10,330 14,569 9,150 14,200 4,380 8,950 14,000 9,000 11,440 5,674 2,849 - 1,330 3,129 462 ~ ~ ~, ~ 1 > 665 ZiS! 992 - less total amounts due to other F. R. banks, (b) Overdraft.. 6,450 215,525 1,221 27)009 5,229 188,516 6,450 199,690 12,982 221 24,156 438. Released for publication Sunday morning January 9, 1916. ^ F9 . Received S from th^Conqstroller STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS JANUARY 7, 1916. (in thousnade of dollars) Boston H. Y. Phila. Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas. Cy.Dallas S.Fran. $16,360 Returned to the Comptroller Chargeable to F. R. Agent Hot Earlier. 500 105,240 13,480 12,600 640 80 11,840 12,520 17,000 20,400 9,260 9,600 19,000 13,000 - - 17,000 - - 20,400 - 9,380 120 9,600 19,000 13,000 - - - - - 19,580 TOTAL 10,000 267,640 "'-J~ 1,631 19,519 9,770 26b,009 ^ 15,860 108,240 5,040 16,400 2,680. 1,320 1,970 2,050 4,880 650 5,000 2,000 4,374 3,320 50,484 Issued to F„ R. bank less amount returned to F. R. Agent for redemption 10,020 91,840 9,160 11,200 15,030 18,350 4,380 5,950 14,000 11,000 15,145 6,450 215,525 Amounts held by F. R. Agent: In reduction of liability on i outstanding notes: On hand: Gold coin and certificates 10,020 91,740 4,160 10,670 3,950 10,000 2,000 9,540 In hands of F. R. Agent Lawful money - — — — — — - Credit balances: In gold redemption fund 5,000 Ib security for outstanding notes: Comcercial paper - - — — — — io,020 100 91,840 m — — 9,160 — — 11,200 - — - — 142/580 — 650 120 530 With Federal Reserve Board T O T A L — 500 9,150 13,700 5,580 4,150 15,030 18,350 5,975 4,260 4,380 5,000 8,950 . 4,000 14,000 .. 7,000 1,900 6,450 2,000 3,705 — 11,000 15,145 2,006 3,95s — 56,460 15,835 6,450 215,525 . . i ^ o
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