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Released for publication Sunday morning July 23* 1916.

Not earlier.

7^5*

statement fo r the p r e s s .

July 22 > 1916.

Large withdrawals of Government deposits,, only partly offset by
increased bank deposits, decreases in the gold and cash reserves of the
banks, and increased holdings of discounted and bought paper are indi­
cated by the regular weekly bank statement made public today by-the
Federal Reserve Boavd as at close of business on July 21, 191o»
Transfers of funds to the Government were made largely through the
Gold Settlement Fund, which shows a decrease of 19*1 million dollars for
the week* Gold on hand decreased 7»5 millions, the New York bank report­
ing even larger net withdrawals from its vault holdings*
The aggregate
net withdrawals of gold shown for the week were 26.7 millions, the three
Eastern 'banks and Dallas showing the largest losses of gold.
Dallas re­
ports the return to the Government of the special 5 million dollardeposit, made last September for orop moving pmrpoaes.
Reserves other
than gold increased about 3*5 millions, mainly at the New York bank.
Discounted bills on hand show a gain of about 5 millions, of which
3*9 millions represents the increase for the Boston Bank* The Southern
banks likewise report gains of about 0*7 million in their aggregate
holdings of discounted paper.
About lU per cent of this paper consists
of agricultural and live-stock paper maturing after 90 days, held
mainly by the Dallas, Kansas City and Chicago banks. Acceptances on
hand show a further increase for the week of 4 .3 millions, the New
York and Cleveland banks reporting the largest additions to their hold­
ings of this class of paper.
’Of the total bills including acceptances
on hand, 38*4 per cent mature within 3O days and 31*8 Per cen-k after
30 but within 60 days.
As the result of bond conversions and the sale of Treasury notes,
the aggregate of United States bonds on hand shows a decrease for the
week of 2*8 millions and that of Treasury notes an increase of 2*6 mil­
lions* Municipal warrants on hand increased over 0«3 million*. Cleveland
reporting the largest gain under this head.
The total earning assets
show an increase for the week of 9*3 millions, ard constitute at present
<
• 36I per cent of the total paid-in capital of the banks, compared with
3I+H per cent at the end' of the preceding week.
Of the total earning
assets, acceptances represent U2»9 per cent, United States bonds - 25*0
per cent, discounts - lU .5 per cent, warrants - lU.O per cent, and
Treasury notes - 3.6 per cent.
‘ .
An increase of about $23,000 in the paid-in capital reported by the
Atlanta Bank is due apparently to the admission to membership of the
American Trust & Savings Bank of Birmingham, Alabama*
With the ex­
ception of Minneapolis, all the banks report heavy withdrawals of Gov­
ernment deposits, the total decrease for the week being $43 , 199 , 000*
Probably as a result of the inauguration of the new clearing plan, netban
deposits show an increase of about 17 millions, New York, Chicago and
Boston reporting the largest gains under this head*
There has been a slight decease in the amount of Federal reserve
bank notes in circulation reported by the Kansas City Bank* Federal
Reserve Agents report a net total of $175^219*000 of Federal reserve'
notes issued to the banks, or $4,139,000 less than the week before.
Against the total issued, they hold $ 163#932,000 of gold and $12*877,000
of paper*
The btnks show a total of $154,038,000 cf Federal reserve^
notes in circulation, or $3*541*000 less than the week before.
Their
aggregate net liabilities on the notes issued to them by the Agents is
stated as $ 10 * 120 *000.



Re'.eased for publication Sunday morning July

23, 1916-Hot

earlier.

7U5

'

a.

STATEMENT OF COMBINED RESOURCES AITD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS OF THE UNITED STATES AT CLOSE OF BUSINESS JULY

2i, 1916.

RE S O U R C E S .
^
Ju!y 2l} 1916July 14, 1916 'April 21/22,1916 January 21, I 9I 6
. July 23, I 9I 5,
Gold coin and certificates in vault.-,........... ....................
$ 263,049,000
269, 602,000
239, 882,000
259, 106,000
214,047,000
Gold settlement f u n d ................................................................... '
99,561,000
118,631,000
74,785,000
81,620,000
48,450,000
Gold redemption fund with Unitea States Treasurer.................
1.931.000
1,970.000
1.473,000
1.06?.,000
______ 1 ,076,000
Totsl gold reserve................................................................
363,541,000
390,203,000
3l6,l40,000
341,788,000
263'. 573, 000
Legal tender notes, silver, e t c . . . ......................... .................
13.802.000
10,279,000
9,505,000
14.13 2 ,000
25.913 ,.000
Total resex've.......................................................................
377,343,000
400,482,000
325,645,000
355, 920,000
289,486,000
Five per cent recaption fund against F. R. bank notes.......
% 0 ,0 0 0
. 450,000
362,000
50,000
...
Bill?? discounted and lov’g/rl:
Maturities; Fithin 10 d a y s ...................................................
17, 163,000
10,613,000
9,048,000
7,517,000
(,,
nnn
Proa U ic p days....... ........ .............................
26,740,000
25.755,000
13, 868,000
12, 790,000
(
'
" 31 t-i hC days
...............................
36, 302,000 •
35,4^1,000
26, 137,000
18, 838,000
12,815,000
" 6l to 90 d a y s ............................................
30, 121,000
28, 730,000
15,124,000
13, 115,000
11, 196,000
Over 90 *378. ............................. ..........................
3/993.000
4-559,000
2,127,000
3,608,000
3,456,000
T o tal,........ — ........................... ............................. '........
114, 319,000
105, 093,000
66, 304,000
55, 868,000
39, 423,000
49,746,OOQ_
52) 589,000
45,204,000.
20,242,000
7 , 923,000
Investruenbs: finited Stales bvuds.............................................
One-year taxHad Xr,%taa Treasury notes...............
7,190,000
4,546,000
3,840,000
iiaai „d "/:.l warrant a ...... ...........................................
27,723,000
27,424,000
35,892,000
2QJ624',OOQ
_ 15_ .110,000
Total earning assets..........................................................
198,978,000
189,657,000
351,240,000
96,734,000
62",456,000
Federa
. Jk-t, ...................... ................................
20,014,000
20, 76.0,000
21, 731,000
34,895,000
9 22?’.000 v
Due i j o.m ^rtd'^rax reservo b&r.ks - lio t......... ....................... • • • •
11,982,000
20,056,000
17,515,000
13,089,000'
^*-229^000
All cti-0r r*sources.,,. ....................... ......................................
4,756,000
8,244,000
3 ,2 1 4 ,000
10,638.000
JP?£^i?0p
TOTAL Pi’S c i T . c - E S ....... ...................... ................
$613, 523,000
639, 649,000
519, 707,000
511, 326,000
371 : 163.000
LI A U l L i I I S S ,
Capital paid ln( . . . . . . . . . . . . . . . ......................................... .
55, 183,000
55, 176,000
54,843,000
54,889,000
54,170.0.00
54,277,000
97,4/6,000
35,291,000
28,073,000
.
etov&ructeAfc teDosU’s . . ....................................................................
Member'TSsnfc depos.its - Kot. . . . . .................... ............................
492,000,000
474,942,000
417,349,000
416,656,000
301, 063,000
Fedsrsl r©,:c-rve
- K;*t............... .......... ............................ 10, 120,000
10, 098,000
9 , 617,000
11, 571,000
14, 521,000
Federal reserve bank notos in circulation...............................
1, 692,000
1 , 720,000
1,964,000
......... ..............
All other lia b ilit ie s ,...................................................... . . . . .
251,000
237;000
643 .000
137 ,000
1,409,000
TOTAL LIABILITIES.................................................................
$ 613, 523,000
639,649,000
519, 707,000
511, 326,000
371, 163,000
G-old reserve against net deposit and note liabilities (A ).*
66*8/0
SS^kfo
71*3$
77*1$
8^* 9$
Cash reserve against net deposit and note liabilities ( A ) ..
69*3$
71*2$
73'2$>
80 . 3^
93*3$
Cash reserve against net deposit liabilities after setting
aside 40$ gold reserve against aggregate net liabilities
_on
Federal reserve notes_ in_ci.r£ulation
___ 69 *.9f1
71*8$_
74*.0%
81«_4^
2,6.6^

http://fraser.stlouisfed.org/
(A) Less items in transit between Federal' reserve banks,viz
^11,982,000
20,056,000
17,515,000
137089,000
5,229,000”' ’
Federal Reserve
» Bank of St. Louis

j

.

.

.

4

.

______________________________

**

1

_

________________

__________________________

^

i'

Released for publication Sunday morning July 23, 1916 . Not earlier'
~[k5 b.
WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JULY 21 , 1916 *
(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 S-FranTotal
Gold coin and certif. in vault
$7,892 154,815
8,512 13,775
5,205
6,302 37,419
4,047
6,003
4,384
5,260
8,435 '262,049
Gold settlement fund
10,052
6,010 12,275 11,161 11,561
1,940
7,832
5,649
4,608 11,711
4 ,5 4 1 . 6,221
99,561
Gold redemption fund
.... p
10
421
145 .... . 251..
.. 50 — ,--...55
200 ... ...... 65 ....... .30..
447
1>2.31_
.Total gold reserve
23,949 161,075 20,837 24,991 17,189
8,689 45,451
9 ,7 6 l io,64l 16,240 10,052 14,666 363,541
Legal tender notes, silver, etc*
246 ___JL.H26
11,802
14
76
786
201
. 16,5... 1,146
196
1.078
1,098
1,148
Total reserve
168,501 21,002 26,137 17,192
10,818
14,700
16,116
377/343 v
9,767 46,549 ' 10,909 11,017
5$ redempt.fund - F.R-bank notes
450
4oo
50
Bills discounted - Members
281
4,057
434
6,134
‘
1,908
5,810
2,842
1,434
1,095
558
3,626
28,937
758
Bills bought in open market
12,261
29,449 1 1 ^ 9 5 . • 7,117
85,382
1,646
1,506
5,116
2,420
5,848
7,877
727
16^18
Total biils-on •ii&.nft
29,730 12,490 _...7,571
7,456
6,134
1,854
4,148
5,874
8,415 114,319
9,474
2,615
Investments: U. S. bonds
3,082
3,182
49,7^6
2,732
5,756
1,508
2,770 • 3,513
1,377
3,109
9,853
3 ,H l
9,753
One-year U-S.Treas. notes
250
2,282
818
500
800
684
350
410
526
7,190
570
Municipal warrants
2,296
4,594
116
1,083
27,723
M.595,
455
2/ 5^9
4,519
1,765
Total earning assest
6,182 21,746 10.979
8,800 11.151
9.851
9,245 1 4,i4o 198,978
22^241..... 4.2x215.. .-19,019 18,721
11,826
Federal reserve notes — Net
487
1,749
20,014
1,106
739
1,246
1,449
259
1,153
Due from other F.« R- banks — Net
2,331
2,028
126
(a
)
11,982
3,274
653
1,963
6,909
53
All other resources
4l2 .........187 .
468
65
821
167
4,756
151
527
89
251
805
791
TOTAL RESOURCES
4 7 ,611 -222JL82....4.2,924 47,611 27,196 18,078 ..Za*24l.. 26.842 22,028 ,32,283.,. 20^9.9.1... 11,082 J.l3x521
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
-Sue to other F. ,R. banks - Net
All ether liabilities
TOTAL LIABILITIES
M E M O R A N B O M .
F. R. notes issued to the banks
F. R. notes in hands of banks
F. R, notes in circulation
Gold and lawful money with Agent
Carried to net assets
Carried
 to net liabilities


T+

4,925
3,877
38,073
--

634
102
47.611

10,548

11,594
18,085
189,966
.— _ 3,144
-222,789

5,216
6,105
31,551
- ~. 52.
42,924

5,966
2,491
3,357
2,749
4,366
3 ,^ 3
38,898 16,094 10,028
—4,o6l
——
——
-386
1,191
- _ .........95. _
2
3 i .6 l 3 . 2L.32.6 18,078

7,947
66,933
9,735
11,826
487 . . 259...
^J±7.6.
_.55xl0Z_ 7,460
10,548
7,947
66,933
9,735
11,826
487
739
259
_ _
- ---.
in transit i . e. total amounts due

6,669
3,604

68,968
—~
—_
——79,241

2,792
4,177
19,873
— —‘
——
-_
—_
26,842

3,620
6,698
9,419 13,904
1,246
1,153
559... 1,106
8,860 _12 J2.8 ....-.2*374. __5,545
3,620
6,698
4,799 13,904
—1,106
1,246
1,153
--4^061
from less total sznounts due to

2,576
819

18,633
— «.
——
—~ —
22,028

2,997

2,679
2,005

2,344
23,810

11,688

l,44o

4,619

• 1,692
——
32,283

.. —
——
20,991

3,921
2,743
24,418
——
e-—
—_
—
31,082

12,808
9,714 14,277
9,616
200
1,449
408
i,74q
9,514 11,869
11,359
7,867
8,074
12,808
9^16
9,250
——
1,449
1,749
- - _. i A 4 c l 4,619
other Federal Reserve Banks*

55,183
54,277

492,000
10,120
1*692
251
613,521
■
/iXl ..
175,219
21,181
154,018

163,932
20,014
10,120

Released for publication Sunday morning July

23, 1916.

Hot earlier.

745 c.

STATEMENT OF FEDERAL RESERVE AGENTS1 ACCOUNTS AT CLOSE OF BUSINESS JULY 21, 1916.
(In thousands of dollars)
Boston
Federal Reserve notes:
Received from the Comptroller

13,320

297,540

1,140

362

1,073

2,714

904

59,510

8,501

8,460

18,638

11,927

20,866

12,416

238,030

4 ,096

4,881

1,762

5,830

2,213

6,589

2,800

62,811

13,904

3,620

6,698

12,808

9,714

14,277

9,616

175,219

2,850

10,820

4,150

8,040

20,400

3,612

36,507

3,813

1,925

4,181

2,400

16,768

84,733

11,667

13,235

12,819

18,000

17,800 " 3,720

3,500

3,400

9,419

9,700

60,317

4,090

9,200

848

6,616

497

535

3,360

With Federal Reserve Board
As security for outstanding notes:
Commercial paper

299

904

310

298

638

424

4,500

13,000

3,310

3,550

1,350

3,500

O

9,735

879 .

1,640

4,620
10,548

Aaount of commercial paper delivered

66,933

7,947

9,735

9,419

5,603

13,904

3,620

6,698

12,808

O

7,947

9,380

go

66,933

Credit balances:
In gold redemption fund




23,580

17,000

Amounts held by F« R. Agent
in redemption of liability on
outstanding notes:
On hand:
Gold coin and certificates

TOTAL

13,000

15,160

10,548

TOTAL

19,000

15,480

6,220

Chicago St.Louiss Minnls *iCas • Cy * Dallas S.Fran.

9,600

121,240

In hands of F. R. Agent
Issued to F. R, bank less
amount returned to F„ R
Agent for redemption

~Phila. Clevel. Richm. Atlanta

$ 20,380

Returned to the Comptroller
Chargeable to F. R. Agent

N. Y.

109,167

M

12,415

9,35*-

42,350

5,027

- -

11,287

9,714

14,277

9,616

175,219

1,640

5,634

_

_

12,877