View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Released for publication Sunday morning June 25t 1916.

Hot earlier.

STATEMENT FOR THE PRESS.
June 24, 1916.

Substantial gains
creases in the amounts
of the Federal reserve
statement issued today
ness on June 23, 1916.

in gold and total reserves, and considerable in­
of acceptances on hand, and of government deposits
banks., are indicated by the regular weekly bank
by the Federal Reserve Board as at close of busi­

St. Louis and Richmond report increases in gold reserve of 2«4 and
realizing upon their favorable balances due
from other Federal reserve banks. The gains of 2.3 and of 1.1 millions
shown by the Dallas and Minneapolis banks are due largely to the with­
drawals of gold ffom the Agents in exchange for Federal reserve notes.
The gains just shown are offset in part by net withdrawals of gold at
the Chicago, San Francisco and Boston banks, vised either for the pur-,
chase of acceptances or in the upbuilding of favorable balances with
other Federal reserve banks.

0.8 millions mainly frc©

Aggregate holdings of discounted paper show an increase of over
$300, 000, of which only about $ 100*000 represents the combined increase
for ;the 3 Southern ba: ks, the most active in the discount field* The
holdings of agricultural and live-stock paper maturing after 90 days in­
creased about $ 200,000 and are at present in excess of 4.8 millions, over
40 per cent of which is in the hands of the Dallas bank.
Acceptances on
hand increased over 4 million dollars, San Francisco, New York and Boston
accounting in the aggregate for about 3«5 millions of the total increase
for the week.
Of the total bills, including acceptances, on hand over
30 per cent mature within 30 days, and over 35 Per cent after 30, but within
60 days.
No changes are shown in the aggregate holdings of United States bonds
and notes, only two banks reporting small bond transactions for the week.
Municipal warrants on hand show a decrease for the week of $435; 000,
Philadelphia Bank reporting liquidation on a large scale of its holdings
of this class of investments.
Total earning assets of the banks are at present 168.4 millions,
or 3.9 millions in excess of the total reported at the end of the pre­
ceding week, and more than double the total shown about six months pre­
vious. Of the aggregate earning assets acceptances constitute at present
4l.O per cent; United States bonds 31*4 per cent; warrants 12.8 per cent;
discounts 12 .3 per cent; and Treasury notes 2.5 per cent.
Government deposits showan increase of 8*7 millions, all the banks
except Minneapolis reporting considerable gains for the week.
Net bank
deposits decreased about 4.7 millions, all the banks except Cleveland,
Minneapolis and Kansas City reporting smaller figures than the week be­
fore.
Of the total net deposits the amount standing to the credit of
the Government is now about 12 per cent, these percentages being much
larger in the case of the three Southern banks.
Practically no change is shown in the total of Federal reserve bank
notes in circulation.
Federal Eeserve Agants report a total of $ 176,955.>000 net of Federal reserve notes issued to the banks, or $ 2,847,000
less than the week before. Against the total outstanding they hold
$l66,823>000 of gold and $10,578/000 of paper. The banks report a total
of $153/038,000 of Federaljreserve notes in actual circulation,, and ag­
gregate net liabilities of $9,228,000 on notes issued to them by the
Agents.




" w m t t ^ w 'o ^ ^ 'R i i s c i K S S

AND liabilities of the twelve federal reserve bams of the united states at close of BUSINESS JOl.E 23, 191°-

RF Vo U R C E S

June 23, 19 Id

Gold coin and certificates in vault.......................... ...................
$ 265, 6 * 3,000
Gold settlement fund.-......... . ................ . . . . . . . . . ...................... . . . . 1 0 6 , 1 0 1 , 0 0 0
Gold redemption fund m th United States Treasurer......... ..........
a M f r gg
Total gold reserve........... *............ — *................... ..............
373,b3°,0~1
0
^ g a i tender notes, sUver, eta............. .......... ...............................■ ^ 6 ^ 0 0 0
38
Total reserve................................. ...........................................
,fo^vuu.
Five per cent redemption fund against F» R« bank notes....... . •
450,000
^Maturities^^WitMn l O ^ a y s ........... -.......... , .............. . . . . . ..........

* > * ! .« »

From 11 to 30 days............. ....................................
^ 68o'oCX)
"
S t0 o S ^ay3..........................................................S s ? 6'ooo"
61 to 90 days........................................................
^ S p 'n n o
Over 90 days...................... ........... ............. .
_3*^LflS2
^ , ^ 03,000
Total............... ................................. ........................ .................
i Investments: United States bonds..................... ....................... ‘
- JJ.gO .O OO
'V
One-year United States Treasury notes..................
Municipal w a r r a n t s . . . . . . . ......................... .........2|4 3|,g_S
Total earning a s s e t s . . . . . ......... . . . . . . . . . . . . . .....................
168,400,000
Federal-reserve notes - H e t . . . . . . . . . . ........... *,• * ..........................
fq-P^OOO
Due from Federal, reserve banks - Net..............................................
l g ,287,000
All other resources...................... ................................
$b03,e:ui,uuu
TOTAL RESOURCES............... .........................................................
L I A B I L I T I E S .
.
r4 861 000
Capital paid i n . ............• • • ..................... ......................................
fih\qq‘
,o00
Government deposits...................................... ..........
••••_?.........
k7 ? Vl x OO O
Reserve deposits - Net-...-......................... * ....................... ..........
q*228*000
Federal reserve notes — Net.. . . . . . . . . . . • ......... ............ i 7? / 0 0 0
Federal-reserve tank'notes in circulation...-........................% ^ n n n
All other lia b ilit ie s ,.................. . .................. ................. .
TOTAL LIABILITIES*.......... .................. .......... ;
- $603,201,000
• Gold reserve against net deposit and note liabilities (A )-JO ^P
Cash reserve-against net deposit and note liabilities (A),...«
73*°/’
-flash reserve against net deposit liabilities after setting
i p i d e 40$. gold reserve against aggregate n< liabilities
?t
fffk Federal reserve notes in circulation (A) « • . • • • •
.........
{^-tcp
- - -- —
_ " " “ “ ~~
.
* , Q Po7 non
 - - —
(A) Less items in transit between Federal reserve banks, viz.
$19,287,000
http://fraser.stlouisfed.org/
,
Federal Reserve (a) of St. Louis statement.
Bank Amended

(a)June 16 , 1916 .

“ ^ c h 2^ / 1916

efe. 0fe .000

Deceriber 23, 1915 ^ 2 5 , 1 9 1 5 -

* 0. | * . 00»

v H k .000
W ^ S o
ii c-- rim
381! 6 18 ^0 0
j ,_ >
5 ,

^ ,0 0 0

^ , 855,000

3 ^ 381,000
9,671,0003;
357 , 054,000

3^12^000
i? ??x nno
3 5 ^ 7 ,0 0 0
?hn non

1.080.000
255,187,000
47 .848:000
303, 035,000

f c g g g '.

^ , 333,000

.

■
28*727',000
21*106*000
17,861,000
10,070,000
21 434,000 18,635,000
. 12,830,000
7 ^ 5 1>°°Q
4 611,000
2.028,000
^
073.^00
4,62.1^000
| ^
6 0 ^ 5 0 ,0 0 0
5 ^ 1 ,0 0 0 •
3$>375*000
52 87 5 000
40,184,000
15, 060,000
7,601,000
k'ion non
. ...
. .. .. . .
•
£ $ , '0 0 0
^- 663.000 l H ^ O g S
.
1 1 .5 0 % ° ° °
i64 507 000
133, 403,000
83, 575,003
55,485,000
24,419,000
. 24,849,000
21,008,000 .
9,124,000
21,365,000
12,628,000
24,977,000
8,311,000
5 53^000
4,571,000
4,194,000
. 5 ,50^ 022
597,897,000 529,998,000 -. 490,808,000
381,456,000
» 21,
54,864.000
55,751,000
477,293,000
8,003,000
1,726,000
k o 000
597,897^000
7q U
*

54,901,000.
15,000,000
398, 603,000
14,670,000
.
7.6^4,000
490,808,000
86.1$
QQ^

.54,200,000
• . ..
311,349,000
12,617,000

77 . 6$ '
_______________
21, 365,000

54,910,000
35,088,000
428,816,000
9,977,000
1,053,000
154,000
529,998,000
74.2$

90 . 4$

98*3$

12, 628,000

24,977,000

3,290,000
381,456,000
•
80. eg
<$>.<$>

8 , 311,000

"Aeleztf'
.ic at. ion .Sunday morning June 25, lgi6.
Not earlier. •
711
'WEEKLY- STATEMENT 01 RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUNE 23, 1316 (in thousands of dollars)
R E S O U R C E S .
Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas.Cy. Dallas S.Fran. TOTAL
Gold coin and certif.in vault
?U S o
k Zl
,3 o l
A
¥ ' 185
6' 220 42^ 3 9
M 74
6,455
i
+,225
5,735 5,7*1 265, 6^3
Gold settlement fund
14,430
4,055 13 / 287 11,302 14,663
5,392
4,562
6,394
5,628
8,181
9,055 9,152 105,101
Gold redemption fund
________________— 250--- J 2
50 O___
-—_
5
32
410
48
-3
200______ 88_______ 30______ 79
257
10 ___ 1.824
Total gold reserve
20,490 160,683 22,424 24,119 20,122 12,095 47,701' 11 456 12 113 12,485 15,047 14,503 373,638
Legal tender notes,silver, etc,
17'
.7,762
181
1.126
204
542
1,777
1,050
695
518
145
iU.02b
Total reserve
20J.591 168,445 22^605 25,245 20,326 12 , 6^7 40.478 12,506 12,808 12,630 15,565 14,912 387,664
5% redempt.fund - F.R.bank notes
40u
450
50
Bills discounted - Members
279
*33
615
270
2,774
5,257
1>921
876
1,944
5/384
426
571
20,750
Bills bought in open market
12,174
23,341 10,294
4.501
800 J L 559
^810_
1,799
1,117
h § 9 ? . ■3,657
Total bills on hand
12.453
•23,7.74 10.909
4,771
4,228
6,057
4,333
5,813
2,675
3,061
5.384
6 .2 45___ 8 9 ,7 03
Investments:. U. S. bopds
3,082
3>463
3,538
6,706
1,684
1,605
3,512
3 ,1 1 1
3,609
9,753
52,875
2,959
9,853
One-year U.S.Treas,notes
250
1,532
462
456
350
350
380
4l0
4,190
Municipal warrants
2,620
4.726
1.881
60
*,587
3,401
•941 -1^239.,
1 , 74. 1,632
2
Jm .
Total earning assets
18,405
33,495 16.730 16.064
8,178
6,367 18,967
8,508
7,776
13,754
8,495 11,601 168 . 1+qo.
Federal reserve notes - Net
402
965“ 13,718
327
1,728
1,700
1,220
844
--_
2,109
23,013
Due f rom other- F. R. banks - Net *>759
4,514
1,19 4
520
6,585
1,494
93*
848
1,870
212
1 , 789(a ) 1 § ,287
All other resources
92
__________ 293
35
173
344
l ,l 4 l
432
J5_
_3l6_
108
391
904
138
4.387
TOTAL RESOURCES
^ •
>728— 215 , 951— * * J *6__ 43,174 29, 611 . 22,393 77,162 24,064 22.384 29.045 25,226 -30.549 603.201
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
. 3,867
35,857
---

79
44,728

11,281

5,216

15,681

5,680
3 3 ,*3 8

183,557

5,966
1,2 51
35,957

3/357
7,580
l*,593
4/015

2,468
8,646

1 1 ,1 6 1

6,673
6,291

2,790
3,562

64,198

17,712

2,577
73*
19,073

3,001
1,560
21,999

762
1,723

2,676
6,185
11,9 14
4,451

3,933
3,462
23,154

--_ _ _

5,*3^
215.951

12
44,346 -41/174

66

29,611

118
22,393

77,162

24,064

2~27384

29.045

25,226

30,549

M E M O R A N D U M .
F.R.notes issued to the banks
7,036
10,332
70,089
9,998
3,649
6,840 12,172
9,859 14,166
9,231 13,827
9,756
F.R.notes in hands of banks
J 65
■402
1,728
11,718
505
1,220
844
|22
1,700
76 .2,103
I£3_
F.R.notes in circulation
._
1/3.67.
56,371 _6,il4
S^ 6j l .
. , 354. . 12,438
9
1,949
5,620 11,328
8.908 13,751 ' 7.647
liojLd and lawful money with Agent 10,332
70,089
7,036 •9,998
3,649
6,840 12,172
5,339 l4,i66
8,146
9,300
9,756.
^Carried to net assets
965
402
13,718
1,728
1,700
327
1,220
844
2,109
fcarried to net liabilities
' _ -4,015
762
4.451

•
•
(a) Items in transit i. e. total amounts due from less total amounts due to other Federal reserve banks.


5 M 63
64,499
472,613
9,228
1,723
m .

603,201
176,955
.23,917
153.038

166,823
23,013
9,228

ReA©ased for publication Sunday morning June

25, 1916.

Not earlier.

711.

STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS JUNE
(In thousands of dollars)
Boston

Richm.

10,332

70,089

7*036

9*998

9,700

65,817

3*330

4,272

4i6

598

--

— -

. Amounts held by F. R. Agent
*
in redemption of liability on
outstanding notesr
On hand:
Gold coin and certificates
Credit "balances:
In gold redemption fund
With Federal Reserve Bccard

3.290

—

As security for outstanding notes:
*
Commercial paper

>




9,380

9,600

19,000

13,000

23,580

13,320

295*540

2,138

850

998

298

851

2,664

764

51*549

18,262

8,530

8,602

18,702

12,149

20,916

12*556

243,991

4,096

4,881

1*762

6*530

2*918

7*089

2,800

67*036

9*859

14 ,166

3*649

6,84o

12,172

9*231

13*827

9*756

176*955

2,850

10,220

4,000

8,040

10',332

70,089

7,036

9,338

113>357

339

1*166

339

340

602

446

630

4o6

10,186

5,000

13,000

3*310

3*650

1*350

3*700

630

9*350

43,280

1*085

^*527

---

10,132

9*231

13,827

1*094-

4,884

4,520

.Amount o- commercial paper delivered
f
to Federal Reserve Agent

\

20,400

9 ,4 oo

632

TOTAL

3*500

In hands of F. R. Agent

S.Fran.

13*359

Chargeable to F. R. Agent

Atlanta Chicago St.Louis Minnls . Kas.Cy Dallas

3*64-1

Returned to the Comptroller

Total

1916.

17,000

Federal reserve notes?
Received from the Comptroller

Issued to F. R. bank less
amount returned to F. R.
Agent for redemption

23,

c.

9*859
4,600

14,166

3*64-9

6,840

12,172

9*756

176,955
10*578

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