The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
&
jla
'
•t-
elea^Byioj^pu’blication Sunday morning May 14, 1916.
Not earlier.
651 •
STATEMENT FOR THE PRESS.
May 13, 1916.
f
Net gains for the week of 5*6 millions in gold, of 3*5 millions in
earning assets, and of 7*9 millions in net bank deposits of the Federal
Reserve Banks are indicated by the Federal Reserve Board's bank state
ment as at close of business on May 12, 19l6«
The New York Bank reports a net addition for the week of $4,677,000
to its gold holdings, together with increases of $618,000 in total net
deposits, of almost 2 million dollars in the total due to other Federal
Reserve Banks, and a decrease of $831,000 in the amount of other cash.
The Cleveland Bank statement indicates a loss of $907*000 in gold holdings,
accompanied by an increase of over $400,000 of bonds on hand, of over
1 million in the amount due from other Federal Reserve Banks, and of
$729,000 in total net deposits.
The substantial gains of gold shown
for the Minneapolis, Kansas City and Dallas Banks are accompanied by re
ductions in the amounts due from other Federal Reserve Banks and Increases
in total deposits.
Discounted bills on hand total now slightly over 20 millions, a de
crease of about 38 per cent since the beginning of the year. Acceptances
on hand in the meantime have more than doubled. The share of discounts
in the total amount of bills on hand has decreased from almost 60 per
cent at the beginning of the year to less than 30 per cent, while the
share of acceptances ia the total has gone up from about 40 to over 70
per cent.
About 36*5 per cent of all bills on hand matures within 30
days, and 37*8 per cent after 30 but within 60 days.
Agricultural and
live-stock paper maturing after 90 days aggregated about $ 2, 900, 000, or
14.5 per cent of the total discounts, Dallas, Kansas City and Chicago
reporting nearly JO per cent of thia class of paper. The net addition
to investments for the-week includes over 1.1 million of United States
bonds, purchased by five Banks.
About '$531*000 of municipal warrants
were also added to the Banks’ earning assets, practically all the banks
active in this field reporting larger figures than the week before.
The earning assets of the banks, $164,596,000 stand now at 300 per
cent of the paid-in capital, as against 294 per cent at the end of the
preceding week and 189 P0r cent three months before.
Of the total just
given United States bonds represent 3 1 -2. per cent,acceptances - 29<9 Per
cent, warrants - 24*4 per cent, discounts - 12.2 per cent, and Treasury
notes - 2.3 per cent.
Government deposits show a decrease of $ 2, 261, 000, while net bank
deposits increased $7,867,000, the New York, Philadelphia and Minneapolis
banks reporting the largest gains under this head.
Federal reserve bank notes in circulation increased slightly during
the week to $1,751*000.
Federal Reserve Agents report a total of Federal
reserve notes outstanding of $187*166,000, which is 33 millions less than
the maximum amount of these notes reported during the current year.
Against the total Federal reserve notes outstanding the Agents hold
$177*599.>000 of gold and $10,212,000 of paper. The banks report a total
of $159*9^8*000 of Federal reserve notes in actual circulation. Their
aggregate liabilities on the notes issued to then by the Agents its given as
*.402,000.
fteieased for publication Sunday morning May 14, 1916 - Not earlier651 . a.
STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF TH# TWELVE FEDERAL RESERVE BANKS OF THE TO I TED STATES AT CLOSE OF BUSINESS MAY 12,
1 E S O U R C E S •
May 12, 1916
Gold coin and certificates in vault............................................ $238,485,000
Gold settlement fund. * ............................................................. .
71, 911,000
Gold redemption fund with United States Treasurer............. .
_ 1, 778,000
Total gold reserve.................................................................. 312,174,000
Legal tender notes., silver, etc..................................................
7.927,000
Total reserve............................................ -.....................
320, 101,000
Bills discounted and bought:
MaturitiesrwWithin 10 days.............. ...................................
6,802,000
From 11 to 30 days.................................................
18,482,000
11 31
60 days.................................................
26,124,000
14, 895,000
Over 90 days............. . .............................................
2,900,000
Total......... - ............................ ..................... ................................
69,203,000
Investments: United States bonds.................................................
51, 268,000
One-year United States Treasury notes.................
3,840,000
Municipal warrants...................................................
40,285.000
Total earning assets........... -................................................
164,596,000
26, 053,000
15, 752,000
4,691,000
TOTAL RESOURCES...................... ............................................... $531, 193,000
May 5, 1916
232,284,000
72 , 621,000
. 1 , 692,000
306,597,000
.10,259,000
316,856,000
9, 623,000
13, 623,000
27, 568,000
14,487,000
2,646.000
67, 9^7,000
50, 137,000
3,840,000
39,154,000
161,078,000
26, 309,000
17,328,000
4,123,000
525,694,000
February 11, 1916
255,284,000
33,938,000
1 , 120,000
340,342,000
15,248,000
355,590,000
5,928,000
12,543,000
18,944,000
12, 617, 000’
2, 696,000
52, 728,000
25, 304,000
*
. » ,
, , .
25, 577,000
103, 609,000
28,344,000
12, 964,000
12,889,000
513,396,000
November 12, 1915
233, 430,000
62, 790,000
. 1, 227,000
297,447,000
31,806,000
329,253,000
5 , 223,000
10, 866,000
14, 663,000
9 , 521,000
1916 .
May 14,1915
240,0?#, 000
» %» m « • «
993,000
241, 063,000
-16 , 5 .61*000
277, 624,000
( 14P/ 1756,000
^
-4 *
12,649,000
"7 *7 a
n n r>
( *7
7,330,000
(
2,875,000
43,148,000
12, 003,000
*
* » *
* <
**
22,801.000
77,952,000
19,537,000
16,175,000
3,275,000
446,192,000
21,908,000
63,456,000
7,536,000
13, 215,000
4,435,000
366, 266,000
54,846,000
15, 000,000
359, 317,000
13, 007,000
54,023,000
•
. . . . -*
295,523,000
11,224,000
34,735,000
6,813,000
L I A B I L I T I E S .
.
............. ................................................
Gold reserve against net deposit and note liabilities ( A ) . . .
Cash reserve against net deposit and note liabilities ( A )—
Cash reserve against net deposit liabilities after setting
B-3i5e
gold reserve against aggregate net liabilities
Federal reserve notes in circulation" {A ) ...........................
Xll) 1-3-3 iteni3 in transit between F. R. banks, viz:
54,890,000
26,881,000
421,907,000
9,577,000
*
* w» ♦ • »
141,000
513, 396,000
5,496,000
446, 192,000
366, 266,000
68.1$
69 . 8$
67-9$
70 . 2$
76 . 4$
79 . 8$
80-1$
88-7$
82.1$
94.6$ •
70.4$
1 0 . if
80.7$
90.5$
96. 8$
$15,752,000
17, 328,000
12, 964,000
*
* *
a
C\J
O
TOTAL LIABILITIES..
427,810,000
8,402,000
1, 751,000
227,000
$531,193,000
54,862,000
40,414,000
^ 19,9^3,000
573,000
• 1, 694,000
208,000
525, 694,000
O
54, 850,000
38, 153,000
*
*
*
16, 175,000
♦
• . *
.
* .
13, 215,000
kT for publication Sunday morning May lH, 1916 - - Not earlier.
b51 b.
WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS MAY 12 , 1916 ,
"Y(In thousands of dollars)
R E S :0 U R C E S .
H. Y.
Phila. CleveX. Richm* Atlanta Chicago St.Louis Minnls, £as.Cy Dallas S.Fran. TOTAL
Boston
7,036 11,970
Gold coin and certif;. ;n vault
4,888
6,203 35,089
5,587
4,538
$5,509 144,036
3,821
4,093
5,715 238.485
7,670
Gold settlement fund
5,517 10,182
2,875
3,218
4,285
4,649
8,073
9,939
4,341
9,191
1,971
71,911
Gold redemption fund
q-18
.... . o u ._____ 3.U.
2U0 ... . 1.9..
200
-3P ,
...b,2,
10 ___ 1,778
Total gold reserve
9,496 38,507
15 ",453 152,359 14,756 17,529 15,495
8,503 13 , 212 ‘ 7,696 312,174
9,217
9,951
282
1,632 . -776, ___ 991
110
Legal tender notes,silver,etc.
292
l4l
1,309
997 ......596
712
49 --7.927
1* J 1
18^520.
151,991
__9xZ88
15.625
Total reserve
19.816
1.0*348
.
3,811
8,644
15^532.
11.944
... 1 lxL35_
7.745 120,101
209
920
264
Bills discounted - Members
3,160
532
5,522
325
596
1,717
4 ,6 o £
1,719
20,007
437
8,104
481
Bills bought in open market
.3,112
...
lLt.521
1,689
1,210
1,177
1,160
_..J,Qj±ii
2,159 ,
2,082
49,196
io,64o
17/91.6
9.024
Total bills on hand
2,221
1,806
4,829
2 A ? i _ 6*001... 4,117
2,879
4,606
2,519
09,203
3,082
6,206
Investments: D. S. bonds
3,538
3,477
1,525
2,934
2,866
2,033
2,959
9,753
9,305
3,590
51 ,-ee^
250
462
456
One-year U-S^Treas.noti S 3
180
1,532
350
410
3,840
2.794.
60
Municipal warrants
5,216
1,825
1 ^ I 1 3 _ 1.782 __5J?5_2..
1,-105
1x46.9.
2,469 -40.285/
16,766 ...19^.218 16.806 11,881
8,044
Total earning .assets
6_x 32Q. 19x738. 7.029
7.472
6^315. . 13,699
8.578 164.596
14,056
51-8
982
Federal reserve notes - Net
177
1,570
1,213
1,587
1,132
4,818
26,053
2,362
1,456
Due from other y. R- Banks — Ni >t
1,514
5,442
1,234 • 1,472
937
439
l,&93
3,487(a)i5,752
20
60
122
161
All other resources
488
111
311
522
..111
1.164
617
184
4 .6 qi
$l4,44o 207,596 -34x237....-34x255 25,286 18.521 67^.131 21.619 19,661 ._?4x 337
'
TOTAL RESOURCES
22x5.8.0 24.812 531,191
Rs
I T I E S
I A
5,214
11,282
5,944
Capital paxd in
$ 4,952
854
6,413
Government deposits
1,734
1,795
27,720 186,008 27,928 27., 957
Reserve dcposj-ts — Net
Federal reserve notes - Net
F. R, bank Kotes in circulation
Due to other F« R. banks - Net
3,893
..... ...34..
All other liabilities
$l4,44o ...2QIj.5.96_.. 14,917 ..34,155
TOTAL LIABILITIES
M E M O R A N D U M F.R.notes issued to the banks
F.E..notes in hands of banks
i''.R-note3 in circulation
$ 10,683
982
...9x201
72,942
14,056
58,886
72,942
14,056
6,606
__ lll_.
10,484
518
6,429 ..9,966
6,606 10,484
518
177
3,344
5,991
1 1 , 652.
4,252
47
25,286
2,470
6,933
9,002
116
18,521
14,561
1 x2 1 1 .
10', 252 11.148
6,000 14,561
. 1,213
10,620
168
6,673
883
59,575
2,787
4,022
14,810
2,574
634
16,455
3,001
1,154
17,544
887
1,751
2,683
6,056
9,987
3,926
1,684
19,172
3,263
1,751
591
67,111
3,784
21 x619. .. 19,661
7,270
1x587 , .1x132
.2,131
i , ,1.3.8
13,083
1.570
11,511
13,083
1,570
24,117 . 22.580
9,432
198
^,214
8,347
10
24.812
227
511,191
11,988 187,166
4.818
27,218
7.170
-...I, , I z._«- 159,948
J J 911,988 177,599
4,818
26,033
1 . 26l
8
02
vj U
TV(-
15,713
599
15.114
11,851
Geld ar.i lawful money with Agent 10,683
3,784
7,270
-^Carried to net assets
982
1,587
1,132
^^Oarried to net liabilities
- 4x252..
887
(a) Items in transit i. e • total amounts due f r on: less total amounts due to other Federal reserve banks.
54,850
38,153
427,810
8,402
■
Released for publication Sunday morning May 14,
1916 . - Not earlier.
651 c.
STATEMENT OF FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS MAY 12, l$l6.
(in thousands of dollars)
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:
Gold coin and certificates
Credit balances:
In gold redemption fund
With Federal Reserve Board
N. Y.
Phila.
Clevel. Richm. Atlanta
$20,380
116 ,240
15,480
13.360
17,000
20,400
9,380
9,600
19,000
13,000
23,580
12,560
289,980
2,217
26,098
2,781
1,176
2,980
1,743
715
568
207
650
1.613
572
41,320
18,163
00,142
12,699
12,184
14,020
18,657
8,665
9,032
18,793
12,350
21.967
11,988
248,660
7Mo
17,200
6,093
1,700
3,400
4,096
4,881
1,762
5.710
2,918
6.254
10,683
72, 9^2
6,606
10,484
10,620
14,561
3,784
7,270
13 .O83
9.432
15.713
9,700
70,717
3,360
9,700
2,850
io,o4o
4,000
9.5^0
983
2,225
476
784
- -
- -
2,770
—
As security for outstanding notes:
Commercial paper
--
10,683
T O T A L
Amount of commercial paper delivered
to Federal Reserve Agent
-•
* for
*SFRASER
Digitized
1
Chicago St.Louis Minnls.Kas.Cy. Dallas San.Fran. "TOTAL
6,606
10,484
11,988
187,166
119.907
370
1,111
37^
390
693
447
731
218
8,802
5,630
13.^50
3,410
4,030
2,350
3.900
1,580
11.770
48,890
1,085
3.862
-
9.567
9,^32
15.713
11,988
187,166
1,097
4,188
- -
10,212
4,620
72,942
61,494
.
10,620
4,927
14,561
3,784
7,270
13,083
@FedFRASER