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Released for publication Sunday morning June 18, l$l6 - Not earlier

702.

STATEMENT FOR THE PRESS.
June 17, 1916.
The Federal Reserve Board made public today its regular weekly statement showing the condition of the Federal reserve banks as at close of
business on June 16, 1916.
Both gold and total reserves show substantial increases for the
week. Net bank deposits increased 9*5 millions; Government deposits, 4.2 millions; acceptance# on hand total about 65 millions, having nearly
doubled within the past 3 months.
With the exception of Dallas, which reports gains of 90-day and 6month paper, the baaks show but few changes in their holdings of discounted bills.
Agricultural and live-stock paper maturing after 90 days
(6-month paper) totals $4,613,000 and constitutes over 22#5 P e r cent of
the total discounts held by the banks# This share runs as high as 63 per
cent in the case of the Minneapolis Bank, 36 per cent for Dallas, about
29 per cent for Kansas City, and about 26 per cent for Chicago, these 4
banks reporting about three-quarters of all the 6-month paper on hand.
The amount of acceptances held by the banks increased $6,760,000*
during the week, the increases affecting more or less uniformly all the
banks active in this field*
Of the total bills on hand, over 35 P e r cent
mature within 30 days, and over 33 P 0 r cent after 30 but within 60 days*
Four banks report additional purchases of United States bonds, the
total owned showing an increase of $684,000 since the end of the preceding
week.
The amount of one-year Treasury notes held by the banks remains
unchanged at $4,190,000*
Municipal warrants on hand decreased over 1
million, Philadelphia and San Francisco reporting liquidation on a large
scale of this class of paper.
The total earning assets of the banks increased 6.7 millions during
the week, and constitute now about 3OO per cent of the aggregate paid-in
capital, compared with 288 per cent the week before, and 237 per cent
about thr^e months previous•
Of the total earning assets, acceptances
constitute 39*^ per cent; United States bonds 32*2 per cent; warrants,
13*4 per cent; discounts, 12.4 per cent; and Treasury notes, 2.6 per cent *
Substantial increases for the week in Government deposits are reported by all the banks, except Richmond# The largest gains in member
bank deposits are shown for the Chicago, Boston, New York and Philadelphia banks*
There has been practically no change in the amount of Federal reserve
bank notes in circulation* Federal Reserve Agents report a total of
$179,802,000 of Federal reserve notes issued to the banks• Against this
total they hold $170,875,000 of gold and $10,766,000 of paper.
The banks
report $154,459,000 of Federal reserve notes in circulation. Their aggregate net liabilities on notes issued to them by the Agents are given
as slightly in excess of 8 million dollars.




s , 3 L for pub] icat v n Sunday morning June 18, 1116.
-d.
Not earlier.
[02.a.
^STAIEMMI 1 OF COIIEIMED.RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS OF THE UNITED STATES AT CLOSE OF BUSINESS JUNE l6, 1916*

j"

R E S O U R C E S .
June 1 1 9 1 6
June 9, igi6
March 17, 1916
Gold coin and certificates in vault
$262,0^2,000
255,444,000
253,880,000
'Gold settlement fund
104,101,000
10],481,000
78,970,000
Gold reception fund with United States Treasurer....
1,811,000
1.703,000
1.621,000
Tot a1* gold reserve
167,986.000
360,628,000
33^,^73,000
Legal tender notes, silver, etc
11,622,000 '
18.055,000
11,104,000
Total reserve
381,6?5570QC
378,683,000
3^5,777,000
Five per cent redemption fund against F. R. bank notes.
450,000
450,000
151,000
Bills discounted and "bought:
Maturities: Within 10 days
12,050,000
10,030,000
6,773,000
From II to 30 days
18,551,000
21,061,000
12,128,000
"
31 to 60 days
28,727,000
24,310,000
20,511,000
"
6l to 90 days....
•
•
.
21,434,000
18,890,000
16,272,000
Over 90 days
4,6ll,000
4,052,000
2,0l6,000
Total.
85,375,000
78,343,000
57,700,000
Investments 1 United Spates "bonds.
«•
52,875,000
52,191,000
39,213,000
,
One-year United States Treasury notes...
4,190,000
4,190,000
.......
<
Municipal v/arrants
22,067,000
21.045.000
11.0l4,000
Total earning assets
164,507,000
157,819,000
129,947,000
Federal reserve notes — i^et24,419,000
23,923,000
24,608,000
Due frem Federal reserve "banks — Met
.
21,3^5,000
17,750,000
16,248,000
All other resources......
...»
5,538,000
5 jlt>6jOOO
4,877,000
TOTAL RFSO URGES
.....
$597,8^7,000 58],791,000
521,608,000
L I A B I L I T I E S .
/
Capital paid in.
5^,864,000
5^,86^,000
5^,937,000
Government deposits...
55^75j^OOQ/f
51,578,000
32,380,000
Reserve deposits » 3ot
%77,2*31000
467,780,000
42),259,000
Federal reserve notes — Net ..........
8,003,000
7,593,000
10,203,000
Federal reserve "bank notes in circulation*,.........*1,7 26,000
1,730,000
681,000
All other liabilities
260,000
247,000
148,000
TOTAL LIABILITIES
$597,832^00
^ 583,791,000
521,608,000
Gold reserve against net deposit and note liabilities (A)
70-8$
70.8$
74.4$
Cash reserve against net deposit and note liabilities (A)....
73*^
74*4$
76*9$
Cash reserve against net deposit liabilities after setting
<aside 40^ gold reserve against aggregate net liabilities
bn Federal reserve notes in circulation (A)
- *
.
74*0$
74*9/
77*8$
(A

^£Witems




transit between Federal reserve "banks, viz:

$21,365,000

17,750,000

lb,248,000

December 17, 1915
257,373,000
76,3)0,000
1,184,000
33^,887,000
26,978,000
361,865,^'Ov .

June 18, 1915.
216,101,000
29,360,000
1,060,000
246,521,000
48,916,000
295,^37,vOO

, . ^
,
6,742,0v0
) 14,383,000
12,379,000
(
18,190,000
9,980,000
11,494,OjO
(^i 226 000
1,891,000
i—
52,696,000
35,589,000
14,523,000 .
7,208,000
11,600,000
80,819,000
20,939,000
21,331,000
4j322,Q0u
489,276,000

9,664,000
52,461,000
7,753,000
8,145,000
— b j533/OOQ
370,329,000

5^,900,000
15,000,000
397,879,000
l4,461,000
* ««» ?
7.016,000
489,276,000
82-5/*
89*1$

5^,201,000
* ••• *
299,361,000
12,100,000

.
90*9/
21,331,000

4,667,000
370,329,000
81.3^
97*4$
99*8$
8,145,000

S*6lau'i-3<3 for yublicaviu a ^.aiay morning June 18, 191b. Not earlier,
' WEEKLY STATEMENT OF RESOURCES AMD LIABILITIES OF EACH OF THE TWELVE FEDERAL RFSEiHEBANKS
(in thousands of dollars)
Boston
N. Y. Phila. Clevel- Richiru Atlanta Chicago
R E S O U R C E S .
$6',57 5 156,824
8,879 12,505
5,036
6,235
4O,L54
Gold coin end certif.in vault
14,216
3,678 12,424 11,731 13,851
4,880
8,315
Gold settlement fund
250
50
36
417
490
200
Gold redemption fund
9,022
48,769
160,752 21,353 24,272 19,304 11,655
20,796
Total gold reserve
2,646
1,032
276
5,818
1,089
171
_528
Legal tender notes,silver, etc. _
221
20.967 166.570 21,629 25,361 19.497 12,251
51.415 10,054
Total reserve
5^ redenpt.fund - F.R.bank notes
1,808
4o4
577
2,792.
279
589
5,313
338
Bills discounted - Members
806
1,626
3,935 jJm.
22.086 10,214
4,159
Bills bought in open market
JL231
4,012
11,575
22,490 10,803
4,438
6,119
4,418
5,743
Total "bills on hand
1,684
1,605
6,706
3,488
9,753 2,959
3,082
3,538
Investments: U. S = bonds
380
462
456
350
250
1,532
One-year U. S. Treas.notes
876
60
3,262
4,628
2,670
2,787
Municipal warrants
4,g7
8,240
6,452 18,758
8,227
17,577
32,138 17,590 15,661
Total earning assets
1,228
1,729
1,643
13,984
<36
303
83O
Federal reserve notes - Net
;
3,800
4,901
1,618
839
4,771
775
^ Due froE other F. R« banks — Net
5,373
382_
469
412
_1Z2_ 1,111
All other resources
_Z9
335. 2 1
44,826 213,087 44,765 42,512 29,527 22,298
77,272 23,691
TOTAL RESOURCES
L I A B I L I T I E S .
Capital paid in
Government deposits
Reserve deposits - Net
Federal reserve notes - Net
F. R. bank notes in circulation
Due to other F, R. banks - Net
All other liabilities
TOTAL LIABILITIES

4,925
3,^33
36,397

21

44,826

11,281
12,757
184,776

5,216

4,392
35,150

5,966
824
35,722

3,355
7,029
14,899
4,181

2,469
8,266
11,444

6,673

5,3^1
65,258

2,790
2,968
17,933

702 b,
riJNE 16, 191b.
rem
Kas.Cy*
3,809
4,249
4,564
8,344
10
78
3'7.S%_9
11,03^6, 12,671 12,/C3
13,b_22
690 j
167
11,716 12,838 13,71?—15,591
1 r\c\
1
PP
nJ
450
- - a
1/ 400
20,427
1,907
817
6^,948'
1,168
1,742
85,375
4,941
2.559
3,075
5,202
9,828 3,111 3,609 52,875
3,512
4,190
410
350
22,067
1,626
422
1,219
7,640 11,735
8,313 10.176 164,507
2,057
24,419
1,909
l,84j(a)21,365
817
946
135
466
5,53s,
1,739
211.
2 2 , 3 ^ 28,256 23,819 29,802 597,
Minnl

2,576

786

18,9^8

2,005
1,214
21,560
751

1,726

4,273
213.087

M E M O R A N D U M .
70,447
F. R. notes issued to the banks
10,391
830
13,984
F. R. notes in hands of banks
9,561
56,463
F. R. notes in circulation
70,447
Gold and lawful money with Agent
10,391
13,984
.830
Carried to net assets
to net liabilities
Carried
http://fraser.stlouisfed.org/
„
(a) Items in transit i.
Federal Reserve Bank of St. Louis

44,765

42,512

il
29,527

J22
22,298

77,272

23.691 2 2 , 3 ^ 28,256

2,675
6,055
11,973
3,071

3,933
2,686
23,183

45
23,819—29,802

54,864
55,751
477,2%Ld
8,003 1
1,726
260 •
597,

9,772 179,802
2,057
25,343
1,643
489
111
7,715 154,459
9,580 12.612
6,465
9,787
9,772 170,875
6,878
7,201 10,090 5,399 14,255
24,419
2,057
1,228
1,643
303
736
8,003
251 3,071
4.181
- e. total amounts due from less total az&ounts due to otner Federal reserve banks *

7,201 10,090 10,069 14,255

3,655
1,729
1,926
3,655
1,729

6,878
1,228
5,650

13,089
1,909
11,180
13,089
1,909

9,231
334
8,897
8,146

14,724
101
14,623
11,552

^3loa&ad for publication

morning J c i lo, igiC.
'ue

Not earlier.

702 c.

STATEMENT OF FEDERAL RESERVE AGENTS5 ACCOUNTS AT CLOSE OF BUSINESS JUNE l6, l$l6.
(in thousands of doliaru)
Boston
Federal reserve notes:
Received from the Comptroller
Returned to the Comptroller
Chargeable to F- R« Agent
In hands of F. R. Agent
Issued to F. R» bank less
amount returned to F. R.
Agent for redemption
Amounts held by F. R. Agent
in redemption of liability on
outstanding notes:
On hand:
Grcld coin and certificates
Credit balances:
In gold redemption fund
With Federal Reserve Board

H. Y.

Phila. Clevel. Richm. Atlanta Chicago

Amount of commercial paper delivered
to Federal Reserve Agent
1

4


4


23,580

13,320

293,740

960

281

851

1,912

748

49,897

8,536

8,640

18,719

12,149

21,668

12,572

243,843

4,096

4,881

1,762

5,630

2,918

6,944

2,800

64,o4l

14,255

3,655

6,878

13,089

9,231

14,724

9,772

179,802

2,850

10,120

4,000

9,540

345

378

619

446

732

322

10,358

13,450 3,310

3,650

2,350

3,700 ' 1,280

9,450

45,700

15,480

13,360

17,000

20,400

9,380

2,809

30,993

3,299

1,570

3,581

2,049

844

17,571

83,247

12,181

11,790

13,419

18,351

7,180

17,800

4,980

1,700

3,350

10,391

70,447

7,201

10,090

10,069

9,700

65,817

3,330

9,460

691

4,630

461

630

—

—

3,410

- '

-

As security for outstanding notes:
Commercial paper
Total

13,000

119,240

—

805

299
5,100
4,670

10,391

70,447

7,201

10,090

TOTAL

9,600 19,000

$20,380

—

1
St. Louis Minnls •Kas-Cy. Dallas S.Fran.

10,069
4,857

1,085
14,255

—

—

3,655

—

—

6,878

13,089

—

—

3,172

9,231

14,724

1,093

4,816

114,817

—

—

9,772

—

—

8,927
179,802
10,766


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102