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4.
Re-la as ed f o r p u b l i c a t i o n Sunday morning November 13, l $ l o . Not e a r l i e r .

( t

|S79j

STATEMENT FOR THE P R E S S .

November 18, 1 9 1 6 .
Transfers of the l a s t instalment of r e s e r v e s by member banks outs i d e of c e n t r a l reserve c i t i e s , due on November l 6 , account f o r the cons i d e r a b l e incre-aties i n Federal r e s e r v e banks' gold and cash r e s e r v e s
and i n t h e i r net bank d e p o s i t s ) as i n d i c a t e d by the F e d e r a l Reserve
Board's weekly bank statement as at c l o s e of b u s i n e s s on November 17/
1916.
Judging from the l a r g e i n c r e a s e i n the amount of items i n t r a n s i t
between Federal reserve banks, a considerable p o r t i o n of the a d d i t i o n a l
r e s e r v e s must have been d e p o s i t e d by member banks i n the shape of checks
and d r a f t s on New York and other r e s e r v e c i t y banks. Eight banks report
an aggregate g a i n of cash r e s e r v e f o r the week of $ 4 3 , 6 7 5 , 0 0 0 . Dec r e a s e s i n c a s h r e s e r v e s Of $5#598>000 reported by four banks are more
than f u l l y o f f s e t by i n c r e a s e s i n the amounta due thedd banks from
Other Federal r e s e r v e banks* bf the $38,0"/7,000 added during the weak
t o the banks' cash r e s e r v e s j $28,809/000 was gold and $9,268,000 s i l v e r
and l e g a l s * The New York bank r e p o r t s a t o t a l g a i n i n reserve. Of
$ 2 2 , 1 9 1 , 0 0 0 , of which $9,469>000 r e p r e s e n t s the a d d i t i o n of s i l v e r and
l e g a l e t o the bank's r e s e r v e *
Owing t o large discount o p e r a t i o n s reported by the Boston bank,
the aggregate of discounted paper on hand shows a gain f o r the week of
$324,000, n ot wit h s t an d in g the s m a l l e r t o t a l s g i v e n by the three Southern
banks* Acceptances on hand i n c r e a s e d $ 6 , 8 7 6 , 0 0 0 , a l l the banks except
Boston r e p o r t i n g l a r g e r h o l d i n g s of t h i s c l a s s of paper than the week
before* Of the t o t a l b i l l s - i n c l u d i n g acceptances - on hand about
35 per cent mature w i t h i n 30 days and over 39 per cent a f t e r 30 but
w i t h i n 60 days.
Transactions i n United S t a t e s s e c u r i t i e s are reported by a l l the
banks e x c e p t A t l a n t a , r e s u l t i n g i n an i n c r e a s e by $262,000 i n the amount
of United S t a t e s bonds and a decrease by $180,000 i n the amount of
Treasury n o t e s on hand. Further l i q u i d a t i o n of municipal warrants
accounts f o r the decrease by $2,097>000 i n the amount h e l d .
Total e a r n i n g a s s e t s are about $ 5 , 1 8 5 , 0 0 0 l a r g e r than the week
before and c o n s t i t u t e 335 par cent of the banks' p a i d - i n c a p i t a l , compared w i t h 325 P©r cent the week b e f o r e . Of the t o t a l earning a s s e t s
52*4 per c e r t i s represented by acceptances; 2 1 . 0 per cent by United
S t a t e s bonds; 1 0 . 6 per cent by d i s c o u n t s ; 1 0 . 0 per c e n t by warrants,
and 6 per cent by Treasury n o t e s .
Government d e p o s i t s show an i n c r e a s e f o r the week Of $1,832,000
Boston and Chicago r e p o r t i n g large g a i n s under t h i s head. The g a i n
i n net member bank d e p o s i t s i s $65,79^,000, which i s approximately t h e
amount of the l a s t vjsiaT.ve instalment due on November l 6 < The e x a c t
amount paid i n oa account of t h i s instalment i s unknown, s i n c e many
member banks have been carrying and continue t o carry e x c e s s balances
with t h e i r Federal r e s e r v e banks and t h e i r payments on account of the
"transfer i n s t a l m e n t due can not be a s c e r t a i n e d .
No change i s shown i n t h e c i r c u l a t i o n of Federal r e s e r v e bank
n o t e s . A t o t a l of $255,702#000, n e t , of Federal r e s e r v e n o t e s i s shown
t o have been i s s u e d t o the banks, an i n c r e a s e f o r the week of $ 7 , 8 2 9 , 0 0 0 .
Against this.amount the Agents hold $238,458,000 of gold and $17,833,000
of paper. The banks show$238>670,000 of Federal r e s e r v e n o t e s in c i r c u l a t i o n and a net l i a b i l i t y of $ 1 4 , 4 6 8 , 0 0 0 upon n o t e s i s s u e d t o them
by the Agents.



Released for publication Sunday morning November 19, 1$16. Not e a r l i e r .
gyg a
STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BA'TKS OF THE UNITED STATES AT CLOSE OF BUSINESS N V M E 17, 1$1&.
OE BR
"%-R
Gold
Gold
Gold

ESOURCES .
coin and c e r t i f i c a t e s in vault
settlement fund
redemption fund with United S t a t e s Treasurer
Total gold reserve
.
Legal tender n o t e s , s i l v e r , e t c
.
Total reserve
Five per cent redemption fund against F> R. tank notes
•Bills discounted and bought:
Maturities: Within 10 days
From 11 to 30 days
"
31 t o 60 days
'
o l t o 90 days.
Over 90 d a y s . .
Total..........
Investments: United s t a t e s bonds
One-year United S t a t e s Treasury n o t e s . . .
Municipal warrants.
-i
Total earning a s s e t s
Federal reserve notes - Net
Due from Federal reserve banks - Net...
A l l "ther rosy tiroes
;10IAL_P.,SOURCES.
L I A B I L I T I E S Capital paid
G-ovemmeriv d e p o s i t s .
Member bank deposits - Net. Federal reserve notes - Net
Federal reserve bank notes in c i r c u l a t i o n
A11

-

November 17, 1916 November 10, 1916
$293,441,000
265,897,000
140,821,000
139,571,000
1.181.000
1.168.000
^35,645,000
406,836,000
16.580.003
7.112.000
452,225,000
4l4,148,000
470,000
450,000
'
.
11,180,000
11,807,000
29,242,000
23,315,000
45,982,000
45,511,000
29,506,000
28,073,000
1,521,000
1.587.000
117,493,000
110,293,000
39,115,000
38,853,000
11,167,000
11,347,000
18,597,000
20.694.000
186,372,000
181,187,000
14,256,000
17,613,000
59,773,000
35,065,000
6,121,000
2.481.000
$719,217,000
650,946,000
55,704,000
2^,171,000^
622,254,000 14,468 0 0 0 . l,032._-?00
a$719,217,000
72-3f
75-1$

TOTAL LIABILITIES....
;
Gold reserve against net deposit and note l i a b i l i t i e s ( A ) . .
Cash reserve against net deposit and note l i a b i l i t i e s ( A ) . .
Cash reserve against net deposit l i a b i l i t i e s a f t e r s e t t i n g
aside kofi gold reserve against aggregate net l i a b i l i t i e s
_cn Federal reserve notes i n _ c i r c u l a t i o n _ ' ^ A l . ^ . ^ . ^ . ^ . ^ . ^ . ^ _
_ j6_.0$
->(A) Less items in t r a n s i t between Federal reserve banks,viz: $59,773,000 ~



55,710,000
• 23,339,000
556,462,000
13,886,000
1,030,000
519,000
650,946,030
72.8$
74-1$
75-0$
35,065,000

August 18, 1916
260,926,000
110,001,000
1.991.000
372,918,000
16,998.000
389,916,000
500,000
'
8,163,000
29,267,000
42,400,000
24,584,000
2.480.000
106,894,000
47,029,000
7,885,000
27,788,000
189,596,000
19,887,000
21,068,000
1.226.000
624,193,000

May 19, 1916 November 19,1915.
246,812,00 0
245,400,000
77,971,000
69,345,000
_ „1 ^825,000
_
1.212.000
326,608,000
315,977,000
17.697.000
12.171.000
344,305,000
348,150,000
394,000
'
8,849,000
4,603,000
17 , 286,000
12,320,000
25,3^6,000
15,835,000
17,108,000
9,018,000
1.406.000
1.171.000
71,995,000
45,149,000
51,837,000
12,674,000
3,840,000
44.482.000
27.519.000
172,154,000
85,342,000
26,472,000
18,792,000
19,448,000
15,827,000
5,598.000
1.662.000
568,371,000
471,773,000

55,110,000
49/717>000
505,090,000
12,295,000
1,691,000
' 290•!000
624,193,000
68.3$
71.4^
'

$4,870,000
40,475,000
463,022,000
8,018,000
1,736,000
250.000
568,371,000
66.4$
lo'.Qi

54,854,000
15,000 000
384,997^000
12,923,000
. ...
1,999,000
471,773,000
79-6$
87.7$

.

70,5%
' 19,448,000

go,3^
157827,000

72-1#
21,068,000

A

Released f o r p u b l i c a t i o n Sunday morning November 19, 1916. Not e a r l i e r .
879 b.
,tT
EEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS NOVEMBER 17, 1916.
( i n thousands of d o l l a r s )
ESO J R C E S .
Boston
N. Y.
Phila C l e v e l . Richm. Atlanta Chicago St.Louis Minn I s . Kas.Cy. Dallas S.Fran. Total
Gold c o i n and c e r t i f . i n vault
$13,518 175,24] 18,755 16,233
4,4715,360 27,004
7,680
7,230
4,613
4,129
9,205 293,441
5 , 0 3 1 13,961 14,539 18,951
3,652 26,941
6,040
8,197 14,072 11,733
5,543 140,821
Gold settlement fund
12,161
Gold redemption fund
5.
250
50
60
209
247
200
52
30
111
157
10
1.181
Total gold re-serve
25,684 180,524 32,766 30,832 23,631
9,259 54,145 13,772 15,457 18,798 16,019 14,758 435,645
Legal tender n o t e s , s i l v e r , e t c .
153
12,328
311
1.074
72
l4l
649
1,155 _• 201 „
51 '
163
70
Id 580
,
? ° t a l reserve
- 2 5 , 8 4 3 192,85 2 33,077 11.906 23,701
9.600 54.794 14,927 15.664 18,849 16,182 14.828 4S2.PP.5~
redempt. fund - F. R. tank notes
__
__
2
370
100*
T~I
'
B i l l s discounted - Members
2,916
1,198
513
264
2,966
2,700
3,004
1,979* 1,297
770
1,812
285
19 704
B i l l s bought i n open market
13,284
32,048 12,575
6.519
1.444
4,803
6,208
4,855
2,871
1,701
1.048 10,409
97^789
Total b i l l s on hand
16,200
33,246 13,088
6.801
4.410
7.501
9,212
6.814
4.170
2.47 1
2.860 10.694 117 491
Investments: U. S. bcMs
1,388
123
1,670
6,654
18
1,210
7,213
2,278
2,467
9,191
4,270
2,633
39TI15
One-year U. S. Treasury notes
1,000
1,205
1,174
618
1,070
824
1,517
891
700
963
705
500
11 167
Municipal warrrzits
l,46j
4-955
1,651
1.671
6l
292
2,252
623
1,193
l4?'.
77
2,011
18'597
Total earning a s s e t s
20,055
39,52? 17;581 17.746
5,559
9.829 20,194 10,626
8,530 12,971
7,912 15,818 186.172
Federal reserve notes - Net
95 4
8,409
904
316
- 1,067
904
- '
1/702
14 256
9,662
- - 7,928
1,708
4,019 15,833
7,533
3,757 • 4,319
1,670
5X3^59^773
Due from other P. R. banks - Net
A l l other resources
24
1,748
84
298
112
147
544
229
28
194
151
l42
6.121
s
V
.TOTAL RESOURCES
56,538 244,518 51.648 58.194 11.102 21,595 92.412 11,115 28.881 16.7J1 26.215 18.111 719.217
L I A B I L I T I E S .
Capital paid in
Government d e p o s i t s
Member bank u s P o , v t j - Nst
Federal re;e.~n noias - Net
F. R. brrJ.
te ; ; i n c i r c u l a t i o n
Due to other #«
banks - Net
A l l other l i a b i l i t i e s
TOTAL LIABILITIES

5 , £X06
2.583
48,7 39 229.-339
- - - - 231
210
G5
56,538 244,538

MEMORANDUM.
F. R. notes issued t o the banks
11,280
89,176
F. R. notes m hands of banks
954
8,409
F. R. notes i n c i r c u l a t i o n
10,326
80,767
Gold and lawful money with Agent
11,280
89,176
Carried to net a s s e t s
954
8,409
:.i Carried t o net l i a b i l i t i e s _ _ _ _ _
—
^o; Overdraft.
(a; Items in t r a n s i t i#



41,122
. .
- 1,828
146
51.648
12,255
904
11.151
12,255
904
—
e* t o t a l

50,738
. ..
- - - 58.194
8,580
ll6
8.?64
8,580
316

22,867
2,676
- - 17
11.102

13,840
3,839
__
'
49
21,595

82,755
- __
21
92,412

24,223
4,773
__
__
- 11.115

25,496
- __
__
- 28,881

31,575
1,060
1,030
- l6,701

19,760
2,120
- 1 820
1 26,215

31,800
- - 4q
18.111

55,704
25,171
622,254
14,468
1 030
L
*503
719.217

17,581 23,349
3,152 16,734 17,723 19,600 24,806 11,466 255,702
464
1.082
1,067
514
904
580
76
1.7Q2
17 012
17.117 22,267
2,085 16.160 16.819 19,020 24.710
9,764 218!670
l 4 , 4 4 l 18,428
3,152 11,387 1 7 , 7 2 ] 17,960 22,610 11,466*'218 458
- - 1,067
- 904
- - 1,702
14 256
2.676
1,319
- 4.771
- I.060
2.120
-14.468
amounts due from l e s s t o t a l amount3 due to other Federal reserve banks

Released for p u b l i c a t i o n Sunday morning November 19, 1516.

Not e a r l i e r .

879

C.

STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS NOVEMBER I f , i g i 6 .
(In thousands of d o l l a r s )
Federal Reserve Notes:
Received from the Co mptroller

Boston

N. Y-

Phila•

Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas. Cy. Dallas S.Fran.

$24,880

153/400

17,940

15,l60

25,003

.29,920

9,380

20,580

22,500

24,220

35,320

14,920

393,220

6,620

47,904

5,685

3,280

6,069

3,546

1,347

2,266

757

1,907

4,003

1,554

84,938

18,260 105,496

12,255

11,880

18,931 26,374

8,033

- -

3,330

1,353

3,025

4,881

17,581

23,349

3,152

Returned to the Comptroller
Chargeable to F. R. Agent
In hands of F. R. Agent

6,980

16,320

Issued to F. R. banks l e s s
amount r:turned t o F. R,
Agent for redemption

11,280

89,176

12,255

8,580

Amount held by F. R. Agent
i n reduction of l i a b i l i t y on
outstanding n o t e s :
Oh hand:
Gold coin and c e r t i f i c a t e s

10,600

87,053

3,820

8,123

680

2,123

675

46o

341

1,258

7,760

— -

14,130

13,710

3,140

4,921

Crodit balances:
Tr ^.old redemption fund
With Federal Reserve B-ard

—

—-

As security for outstanding notes:
Commercial paper
Total
Amount of coha.ercial paper delivered
tc Federal Reserve Agent




11,280

89,176

12,255 8,580

3,507

4,933

22,313 31,317

13,366 305,282

4,020

2,713

6,511

1,030

52,580

16,734 17,723

19,600

24,806

11,466

255,702

1,580

5,164

13,330

202

913

843

2,950

3,460

17,581 23,349

18,314 21,743

Total.

4,270 10,340

146,157

- -

1,190

4l6

9,891

5,310

3,550 12,900

11,080

11,050

82,410

5,347

3,152

790

i,64o

?
2,190

19,600

24,806

1,651

2,395

16,734 17,723
5,347

--

y,244

11,466
- -

255,702
17,833

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