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Released for publication Sunday morning June 4, 1916«

Not earlier -

679,

STATEMENT FOR THE PRESS.
June 3, 1916.
The Federal Reserve Board made public today its regular weekly bank state­
ment as at close of business on June 2, 1916.
The statement indicates in­
creases during the week of about 9.2 millions in the gold holdings of the
banks, and of 1.1 millions in their total reserves.
Earning assets de­
creased 7.6 millions; net bank deposits, 16.3 millions; while Government de­
posits increased about 5.9 millions.
The reserve condition of the banks
accordingly shows greater strength than the week before.
Considerable gains in gold reserve are reported by the Boston, New York,
Chicago and San Francisco banks*
In the case of the Boston and Chicago banks
this gain is due apparently, for the most part, to liquidation of municipal
warrants and increases in Government deposits; in the case of the New York
bank the effect of these two factors is largely offset by the large decline
in the net amount of bank deposits,
San Francisco reports the return to
the bank of over 2 millions of gold following the redemption of Federal re­
serve notes by the Federal Reserve Agent.
Reserves other than gold de­
clined about 8.1 millions, largely the result of the decrease shown by the
New York bank.
Some of this I 033 i3 offset by an increase of 4.6 millions
in the bank’ s gold reserve.
Discounted paper on hand decreased about
6
week, all the banks more active in the discount field/reporting smaller
figures than the week before.
Acceptances in the hands of the banks show,
an increase of about 0.8 million, mainly at the New York Bank.
Of the total
bills held 42 per*cent matured within 30 days and about 33 per cent after 30
days but within 60 days.
Nearly 20 per cent of all discounts held by the
banks was agricultural and live-stock paper maturing after 90 days,
Dallas
alone reporting over 1.5 millions of this class of paper.
Purchases of
United States bonds are reported by two banks.
The Atlanta bank for the
first time reports the results of bonds converted at the beginning of the
month, showing a decrease of $350,000 in its bond holdings and a correspond­
ing increase in the amount of United States notes on hand. Municipal war­
rants on hand decreased about 8.3 millions, New York, Boston and Chicago
reporting thb largest amounts of liquidation under this head.
The total earning assets of the banks, for the first time since Jan­
uary of the present year, 3how a decrease for the week, and constitute 303
per cent of the paid-in capital as compared with 317 per cent at the end of
the preceding week.
Of the total earning assets acceptances comprise 32*2
per cent; United States bonds, 31,3 per cent; warrants, 22.0 per cent; discounts
12,0 per cent; and Treasury notes 2.5 per oent.
Considerable increases in Government deposits are reported by the three
Eastern banks, al30 by Chicago and San Francisco.
With the exception of
Atlanta and Minneapolis, all the banks show smaller net bank deposits than
the week before.
In the case of Boston and New York, the reduction in
bank deposits is due mainly to the large amounts of exchanges for the Clear­
ing Houses on hand, which are treated as a deduction from bank deposits.
There has been practically no change in the amount of Federal reserve
bank notes outstanding.
Federal Reserve Agents report $184,217,000 of
Federal reserve notes outstanding, against which they hold $175,205,000 of
gold and $10,611,000 of paper.
The banks show a total of $158,635,000
of reserve notes in circulation.
Their liability on Federal reserve notes
issued to them b / the Agents is given as $7,512,000.




Released for p u b l i c m o r n i n g June 4, 1916. Not Earlier.
--o'.
^STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS OF THE UNITED STATES AT CLOSE OF BUSINESS JUNE 2, 1916.
R E S O U R C E S .
Gold coin and certificates in vault..........................
Gold settlement fund.....................................................
Gold redemption fund with United States Treasurer.
Total gold reserve................................................
Legal tender notes, silver, etc.................................
Total reserve............................................ . .........
Bills discounted and bought :
Maturities : Within 10 days................................. .
From 11 to 30 day3........................
"
31 to 60 days...........................
"
61 to 90 days.......................... .
Over 90 days................................... .
Total......... ............................................................
United States bonds............................................
Investments:
One-year United States Treasury notes..........
_
Municipal warrants.............................................
^
Total earning, a s s e t s . . . . . . . ............................. ................
Federal reserve notes - Net........................................................
Due from Federal Reserve Banks - N e t . . . . . .................... .
All other resources............................................... .................—
TOTAL RESOURCES.....................................................................
L I A B I L I T I E S .
Capital paid in............................................................................. .
Government deposits.................................................... .
Reserve deposits- N e t .................................................................
Federal Reserve notes- Net......... ........................................ — ,
Federal reserve hank notes in circulation.................. ...........
All other l i a b i l i t i e s .......................................................... .
TOTAL LIABILITIES.................. ............................................

2.1516
—Juna
-----^

Gold reserve against net-deposit and note liabilities (A)-.,
Cash reserve against net-deposit and note liabilities ( a ).,
Cash reserve against net deposit liabilities after setting
aside 40$ gold reserve against aggregate net liabilities
Federal Reserve notes in circulation(A ) .................... .

(A)

Less items in transit between F.R^Brjiks, v iz:




$242,253,000
102,331,000
1.793.000
346,377,000
13.855.000
360,232,000

Mav
IQIfi
242,985,000
91,991,000
2.163.000
337,139,000
21,972,000
359,111,000

MawVi 3 1Q1A
261,822,000
74,890,000
1.538.000
338,250,000
12,994,000
351,244,000

IloMmter 3
244,329,000
79,700,000
1.252.000
325,181,000
32,681,000
357,862,000

11.607.000
19.227.000
24.094.000
14.582.000
3.877.000
73.387.000
51.991.000
4,190,000
36.633.000
166,201,000
24.082.000
15.300.000
8.932.000
$574,747,000

9.471.000
18.064.000
24.748.000
17.122.000
3.668.000
73.073.000
51.942.000
3,840,000
44.945.000
173,801,000
26.433.000
16.512.000
9.493.000
585,350,000

6.785.000
13.365.000
18.115.000
11.911.000
2.321.000
52.498.000
33.063.000

6.784.000
11.740.000
18.610.000
10,766,000
3.456.000
51.356.000
13.875.000
it*

•« * w » •« •

30.539.000
116,100,000
25.567.000
20.576.000
5,969,000
519,456,000

17.821.000
83.052.000
18.118.000
19,775,000
6,552.000
485,359,000

17.916.000
59,646,000
7.350.000
7.132.000
5.551.000
357,531,000

54,858,000
50,000,000
460,422,000
7.512.000
1.731.000
224.000
$574,747,000

54.875.000
44.131.000
476,680,000
7.706.000
1.732.000
226.000
585,350,000

54.919.000
36.043.000
418,718,000
9,635,000
*«•» « •
141.000
519,456,000

54.859.000
15,000,000
392,966,000
13.969.000

54.184.000
288,281,000
11.413.000

8,565.000
485,359,000

3.653.000
357,531,000

68.9$
71.7$

65.8$
70.1$

76.2$
79.1$

80.9$
8 9 .0 $

82.9$
95.0$

72.1$

70.6$

80.0$

90.7$

97.2$

16,512,000

20,576,000

19,775,000

$15,300,000

•«

.Tnvio i IQIR
216,637,000
24,850,000
1.028.000
242,515,000
35,337,000
277,852,000
(

14,054,000
11,474,000

j

9,180,000
34.708.000
7,022,000

* * » »-• •« +

7,132,000

jtteieased lor puoxicaxion iSuiiaay momxixg June

1916*

Not earlier -

67.9 b„

WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OY EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JUNE 2, 1915.
(in thousands of dollars)
R E S O U R C E S .
Boston
N. Y.
Phila. Cleve1. Richm. Atlanta Chicago St.Louis Minnls . Kas.fy. Dallas S.Fran.
TOTAL
$6,635 139,848
9,508 12,207
Gold coin and cert if .in vault
5,056
6,284
3,828
5,388 242,253
6,304 36,837
6,147
4,211
12,307
9,374 12,114 11,174 13,136
9,443 102,331
Gold settlement fund
6,929
8,325
4,589
8,610
4,188
2,142
5
250
50
10
1,793
30
57
175
Gold redemption fund
62
451
469
200
34
18,947 149,472 21,672 23,443 18,643 11,362 45,647
Total gold reserve
8,323 10,502 11,197 12,328 14,841 346,37-7
6,349
32
561
13,855
1,050
159
919
16
Legal tender notes, silver,etc. .
429
182
1,105
748
2,305
18.979 155.821 22,233 24,493 18,825 11,791 47,952
9,428 11,250 11,356 13,247 14,857 360,232
Total reserve
185
314
638
269
404
5,176
2,799
1,709
4,716
19,895
784
693
Bills discounted - Members
2,208
——
8,594
10.238
18,278
3,044
806
2,324
1,312
3,476
53,492
2,966
1,342
Bills bought in open market
1,112
10,423
.18,592
9,232
3.313
3.911
3.880
5,174
2,035
73,387
5.982
3,108
3,021
4,716
Total bills on hand
3,082
3,488
3,538
6,352
1,605
1,684
2,959
3,609
51,991
3,378
2,866
9,752
9,678
Investments: U. S. bonds
.. _
-_
- 1,532
462
- 410
One-year U. S.Treas.notes
250
456
350
380
350
4,190
—_
——
12.379
2,816
4,015
5,897
60
4,285
1,346
1,308
2,449
Municipal warrants
36,633
2,078
35,991 17,247 15,562
16,571
8.103
5.945 19,211
7,841 14,417
7,793
7,582
9,938 166,201
Total earning asset*
_ _
- 912
135
-13,795
1,534
1,077
1,901
2,760
1,635
333
24,082
Federal reserve notes - Net
_
_
3,530
572
1,
543
1,579
1,065
7,026
1,174
751
1,420(
a)l5,300
2,543
Due from other F. R. banks - Net 4,694
38
551
8,932
22
3,622
116
1,106
709
398
120
870
1,262
118
All other resources
209,229
43,183
41,511
28.587
41,178
23",
441
76,533
21,239
22,286
28,222
29,093
574,747
22,842
TOTAL RESOURCES
L I A B I L I T I E S .
4,925
Capital paid in
2,915
Government deposits
33,282
Reserve deposits - Net
_ _
Federal reserve notes - Net
F. R. bank notes in circulation
-Due to other F. R. banks - Net
56
All other liabilities
41,178
TOTAL LIABILITIES

11,281
10,292
177,059
--

5,216
3,667
34,300
--

5,966
966
34,579
--

3,354
6,687
14,406
4,086

2,469
7,892
10,966
--

6,672
5,718
64,143
--

2,787
2,253
16,199
_ _

2,576
708
19,002
--

3,004
847
21,904
736
1,731

2,675
5,756
11,721
2,690
--

3,933
2,299
22,861
---

54,858
50,000
460,422
7,512
1,731

10,597
-209,229

-43,183

_ _
41,511

54
28,587

114
21,441

-76,533

-21.239

-22,286

-28,222

—
22,842

-29,093

224
574.747
"... .

15,049
617
14,432
11,742
-2,690
hanks.

9,859
2,760
7.099
9,859
2,760
--

184,217
25,582
158,635
175,205
24,082
7.512

M E M O R A N D U M .
3,667
6,929 13,121
6,315 10,394 10,272 14,383
74,399
9,319
F. R. notes issued to the banks 10,510
1,534
1,635
1,077
135
534
1,901
333
13,795
349
912
F. R. notes in hands of banks
6,180 10,061
60,604
9,738 12.849
2,032
5,852 11,220
8,970
9.598
F. R. notes in circulation
3,667
6,315 10,394
74,399
5,652 14,383
6,929 13,121
8,234
Gold and lawful money with AgentlO,510
1,077
333
1,635
1,534
-13,795
,135
ly901
.T ' •
912
parried to net .. '
.assets
-----4,086
-—
-736
Carried to net liabilities
(a) Item3 in transit i- e« total amounts due from les 3 total amounts due to other F. R.



Released for puMication'Sunday
v

m o r n i n g

Juno

4 , 191 A
■
*

,T ,
Not earlier.

iD*

679 c>

, STATEMENT OF FEDERAL RESERVE AGENTS* ACCOUNTS AT CLOSE OF BUSINESS UUNE 2, 1916
(In thousands of dollars)
Federal reserve notes:
Received from the Comptroller

*

Dallas

S.Fran.

TOTAL

119,240

15,480

13,360

17,000

20,400

9,380

9,600

19,000

13,000

23,580

13,320

293,740

2, 690

27,041

3,072

1,266

3,328

1,921

832

909

249

763

1,721

661

44,453

12,408

12,094

13,672

18,479

8,548

8,691

18,751

12,237

21y859

12,659

249,287

6,093

1,700

3,400

4,096

4,881

1,762

5, 630

2,918

6,810

2,800

65,070

6,315

10,394

10,272

14,383

3,667

6,929

13,121

9,319

15,049

9,859

184,217

3,360

9,700

--

- -

2,850

10,120

4, 000

9,540

_ ^

122,387

355

694

Chargeable to F* R. Agent

17,690

In hands of F. R* Agent
I routed oo ?** R.<
• .^nk le^s
?jnoi.int returned to F„ R,
Age n i for re dsmpt ion

92,199

7,180
* K

17,800

10, 510

74,399

/ MmouuTf^
Aw»Al*iv\4* nejLci
K1fSH T
r>tT il?i1* Kv
U Agon
A/v*A^ 4u
*
c
oy
in redemption of liability on
outstanding notes;
On hand:
Gold coir and certificates

9,700

Credit balances:
In gold redemption fund

810

With Federal Reserve Board

--

73,117

1,282
-_

As security for outstanding note s:
Commercial paper

10,510

Anountorf commercial paper delivered
^ t o Federal Reserve Agent




St.Lofxis Minnls.Kas„Cy

$20,380

Returned to the Comptroller

T O T A L

Clevel. Richm. Atlanta Chicago

74,399

--

452

933

357

329

651

534

822

339

7,558

--

5,200

13,450

3,310

3 ,7 5 0

2,350

3,700

1,380

9,520

45,260

--

4,620

--

--

--

--

1,085-

3,307
V

--

9,012

6,315 * 10,,394

10,272

^4,383

3,667

6,929

i.5,049

9,859

184,217

5,132

--

--

_ _

2,600

13,121

9,319

V
1,087

4,392

10,611