Full text of H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks : December 10, 1916

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900
I

R e le a se d f o r publication Sunday morning^ December 10, 1916.

Hot earlier,

STATEMENT FOR THE PRESS.

December 9 , 1916,
Large rediscount operations of the eastern banks during the past week,
as w ell as considerable purchases of paper in the open market,are indicated
by the weekly bank statement issued by the Federal Reserve Board as at close
of business on December 8, 1916.
Federal reserp notes in circulation increased
by over 10 m illio n s , a ll the banka except S t, Louis and Dallas reporting addi­
tions to th eir outstanding circulation.
Aggregate gold reserves show a de­
crease for the week of 1 1 ,2 m illion^, while total cash reserves declined 1 7 .4
m illio n s .
Total net deposits increased about 7 m illio n s, while earning as­
sets went up about 2 3 .3 m illions, the difference between these two items rep­
resenting approximately the decrease in total cash reserve.
New York reports an increase of 9 ,3 inillions in discounts and of 4 ,7
m illions in acceptances held, also a total of about 4 m illions of gold trans­
ferred to the Agent against Federal reserve notes.
On the other hand the bank
liquidated during the week about 6 .4 m illions, net, of warrants, issued almost
the entire amount of notes received from the Agent, and reduced by about l / 2
m illio n its favorable balance in account with other Federal reserve banks.
The bank's total cash reserve shows a decrease of 6 .4 m illio n s, mainly in the
amounts of silv e r and legals on hand,
Ph iladelp h ia shows a decrease of 6*7 m illions in reserve, together with
an increase of 3 ,3 in earning assets, a total of 1 .8 m illions of gold trans­
ferred to the Agents, a reduction of over $ 7 0 0 ,0 0 0 in total deposits, and a
substantial decreaaein the amounts due to other Federal reserve banks.
De­
creases in reserves shown by the other banks may be traced chiefly to invest­
ment operations for the week;
in part, also, to the building up of favorable
balances in account with other Federal reserve banks, and to transfers of
gold to Agents against notes issued by the la t te r .
»

Discounts on hand, - $ 3 8 ,3 4 5 ,0 0 0 - exceed by nearly 5 m illions the previous
high record total shown "about a year ago.
Over 60 per cent of the total d is ­
counts is held at present by the 3 eastern banks, and only 15 per cent by the 3
southern banks.
The total includes $ 9 ,7 5 0 ,0 0 0 of member banks' collateral notes
reported by 11 reserve banks.
An increase of 1 3 ,4 m illions is shown in the aggregate of acceptances held,
all the banks except Boston showing substantially larger holdings of this class
of paper than the week before.
Of the total b ills - including acceptances - on
hand, 4 6 .8 per cent mature within 30 days and 3 1 . 4 per cent after 30 but within
60 days.
Liquidation of New York City notes accounts largely for the decrease
of over 8 m illions in the total holdings of municipal warrants.
Transactions
in U. S . bonds are reported by 8 banks, resulting in an increase of $ 1 ,3 3 3 ,0 0 0
in the total h e ld .
There has been no change during the w§ek in the amount of
Treasury notes on hand.
Total earning assets show a gain of 23-1/3 m illions,
constituting 402 per cent of the banks* paid-in cap ital, as against 360 per cent
shown the week before,
Of the total, 5 3 .5 per cent is represented by acceptances
1 8 ,5 per cent by U, S , bonds;
1 7 ,1 per cent by discounts;
5.9 per cent by war­
rants;
and 5 per cent by Treasury notes.
Government deposits increased about 1 , 9 m illio n s, the New York, Boston and
San Francisco banks reporting the largest net gains in Crovernraent funds.
Bank
deposits show a net gain of 5 .1 m illio n s, resulting from a decrease in the
amount of transit items, which are treated as deductions from gross deposits.
No change is shown in the ret amount of Federal reserve bank notes out­
standing.
Federal Reserve Agents report a total of $ 3 7 9 ,4 5 2 ,0 0 0 , net of Fed­
eral reserve notes issued, against which they hold $ 2 6 4 ,6 3 9 ,0 0 0 of gold ana
$ 1 5 ,4 5 4 ,0 0 0 of paper.
The banks show a total of $ 2 5 7 ,3 0 2 ,0 0 0 of. Federal reserve
notes in circulation and aggregate l i a b i l i t i e s of $ 1 1 ,4 2 3 ,0 0 0 on notes issued
to them by the Agents.
.




Kelacssd for publication Sunday morning December 10, 1$PU>.
Not earlier900. a.
STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE T'.'ffiTTE FEDERAL RESERVE BANKS OF THET ONI TED STATES AT CLOSE OF BUSINESS DECEMBER 8/ 19l6

^
RESOURCES.
DecemberPs, 1916 December 1,1916 September 8, 1916 June 9, 1916 December 10, 1915
Gold coin and certificates in vault.................................. $245,325,000261,917,000
248,846,000
255,444,000
251,810,000
Gold settlement fund............................................................... . • *\ 181,101,000
175,781,000
118,950,000
103,481,000
68,060,000
Gold redemption fund with United States Treasure*...............L\
... 1.531.000
1.476.000
^1,884,000
1,703,000
1,292,000
Total gold reserve............................................................. XtL 427,959,000
439,174,000
369,680,000
360,628,000
321,162,000
Legal tender notes, silver, e tc ............. ...................................
— H~t&44,000
10,836,000
27,487,000
18,055.000
28,441,000
Total reserve ....................................................................... \ 4^2^03,000
450,010,000
397,167,000
378,683,000
349,603,000
Five per cent redemption fund against F. R. bank notes « ... \ ^ h20,000
420,000
484,000
450,000
B ills discounted and bought:
\
s'
Maturities^ Within 10 days............................................ . . . . . . y
28,654,000
19,724,000
14,318,000
10,030,000
5,874,000
From 11 to 30 days ...............................................
45,3 10,000
28,526,000
32,236,000
21,061,000
13,313,000
« 31 to 60 days . ........................................
49 , 705,000
50, 346,000
39 , 625,000
24,310,000
18 , 270,000
« 61 to 90 days ...............................................
33 , 366,000
28,342,000
19 , 333,000
18,890,000
11,468,000
Over 90 d a y s ....... ......................................... 1,092,000
1,173,000
1,823,000
4,052,000
. 3,752,000
Total .....................................................................................
158 , 127,000
128 , 111,000
107,335,000
78,343,000
52 , 677,000
Investments: United States bonds...............................................
41,548,000
40,215,000
45,954,000
52,191,000
14,401,000
One-year United States Treasury notes ......... .
11,167,000
11,167,000
9,055,000
4,190,000
Municipal warrants ................ ........................ .
13*235.000
21,254,000
21,166,000
23,095,000
18,053,000
Total earning a s s e t s ..........................................................
224,077,000
200,747,000
183,510,000
157,819,000
85,131,000
Federal Reserve notes - N e t ........................... ...........................
18,760,000
18,301,000
19,324,000
23,923,000
22,286,000
3^,565,000
3®,188,000
28,706,000
17,750,000
19,718,000
Due from Federal reserve banks — Net ......................................
A ll other resources .....................................................................
2,881,000
2,495,000
3,403,000
5,166,000
5,335,000
TOTAL RESOURCES ................................................................... $715,316,000
710,161,000
632,594,000
583,791,000
482,073,000
L I AB I L I TIES.
Capital paid in - ..........................................................................
55,746,000
55,737,000
55 , 406,000
54 , 863,000
54, 902,000
Government deposits ........................... ........................................
28,668,000
26,777,000
44,236,000
51,578,000
15,000,000
Member bank deposits - Net . . . ............................................. .
618,643,000
613,530,000
514,225,000
467,780,000
390,249,000
Federal reserve notes - Net ......................................................
11,423,000
13,383,000
16,076,000
7,593,000
14,686,000
Federal reserve bank notes in circulation ......................................88,000
28,000
2,334,000
1,730,000
. ...........
A ll other lia b ilitie s ................................................. ..............
808.000
706,000
317,000
247.000
7,236.000
TOTAL LIABILITIES ........................... . . . . . . . . . ...................
$715,316,000
710,161,000
^32,59^,000
583,791,000
482,073,000
Gold reserve -against net deposit and note lia b ilitie s fJl)..
68 . 8$
71*4$
67*7$
70«8$
80.2$
Cash reserve against net deposit and note lia b ilitie s (J )..
69-5$
73*1$
72.8$
74.4^
87.4$
Cash reserve against net deposit lia b ilitie s after setting
aside 40$ gold reserve against aggregate ftet l ia b il it it s
_on Federal reserve notes in_cireulajtion_( A)_. ^ ^^
____________ ____ _____________ 73 *8$_______ ____________8^*2$_ _
(A) Less items in transit between Federal reserve bank$# v iz.
$36,565,000
38,188,000
28,706,000
17,750,000
19,718,000




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

2,017
12.201

22.160
251 ,302
264, 639 /

18,760
- U .,4 2 3 ...

feleased for publication Sunday morning December 10^

Net earlier.

900

STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS DECEMBER 8, 1916.
(in thousands of dollars)

Boston
federal Reserve notes:
Received from the Comptroller

N, Y.

$24,880 163,400

Phila* Clevel►Richm.

Atlanta

21,920 15,160 28,000

33,780

10,380

22,540

24,500

25,120

35,320

6,306

3,706

1,362

2,334

800

1,968

4,254

1,602

91,297

15,964 11,620 21,694

30,074

9,018

20,206

23,700

23,152

31,066

16,118

331,423

2,000

4,626

4,881

3,040

3,320

1,753

6,341

1,900

51,961

9,420 19,694

25,448

4,137

17,166

20,380

21*399

24,725

14,218 279,462

3,460

* ♦

5,165

13,030

4,270

10,340

149,318

744

1,097

187

844

1,10 0

1,229

1,340

15,750

16,370

3,950

6,810

6,250

14,260.

11,930

3,200

4,521

» m

4,347

•

1,640

1,115

* •

14,823

9,420 19,694

25,448

4,137

17,166

20,380

31,399

24,725

14,218

279,462

3,352

4,529

4,351

* 'm

1,640

1,552

« *

15,454

5,956

3,540

6,953

52,516

17,927

110,864

5,780

16,120

fesued to F. R, banks less
amount returned to F. R.
Agent for redemption

12,147

94,764

15,964

faiount held Tsy F. R. Agent
in reduction of lia b ilit y
©n.outstanding notes:
On Tiand:
Gold coin and certificates

11,10 0

89,253

3^820

8,880

1,047

5,511

764

540

* <
#

» *

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

Credit balances:
In gold redemption fund
With Federal Reserve Board

♦

*

11,380

a security for outstanding notes:
Conmercial paper
Total
jjoont of commercial paper del
to Federal Reserve Agent

f




12,147
*ed

94,764

15,964
•

/•’
(‘

2,200

« •

<• *

Chicago St.Louis

Minnls. Kas*Cy.

«

Dallas

S. Fran.

Total

17,720 422,720

518

14,921

13,700 100,400

*

Released for publication Sunday morning, December 17, 1916.

922
Not earWfir.

statement for the press.
December 16 , 1916 .
of
Gains of n e a r ly 25 m illions in net bank deposits and/over 10 m il­
lions in aggregate reserves are indicated by the Federal Reserve Board's
weekly bank statement issued as at close of business on December 1 5 , 1916 .
Combined gold reserves show an increase during the week of 7 ‘ 3 m illions*
In ad d itio n, a total of 8 .6 m illions of gold was transferred to the Federal
reserve agents against notes issued, increasing t h e ir aggregate gold holdings
to $ 2 7 3 /2 7 4 ,0 0 0 , as against $ 1 8 7 /8 4 0 ,0 0 0 held by them about a year ago.
The total gold holdings of the system, comprising amounts held by both the
banks and agents, increased during the year from $ 522, 727;000 to $ 708, 576 ,-

000

.

As against an increase of 6»7 m illions in reserve, the New York bank
reports a gain of 15*6 m illions in deposits, offset in part by an increas#
of 8 . 1 m illions in the balance due from other Federal reserve banks.
Chicago's gain o f 4 . 1 m illions in reserve is accompanied by a reduction of
about 4 . 5 m illions in its favorable balance in account with other Federal
reserve banks, and a gain of over $ 7 0 0 ,0 0 0 in net deposits.
San Francisco
reports an increase in reserve of slightly less than 2 m illio n s , the larger
increase in the b a n k 's net deposits being offset in part by transfers of
gold to the agent .
Discounted paper on hand shows a decrease of about $ 6 0 0 ,0 0 0 for the
week, the New York and Boston banks reporting smaller holdings of paper
than at the end of the preceding week.
Of the to tal discounts over 12#5
m illio n s , or almost 30 per cent, is represented by advances to members on
th eir own c o lla t e r a l notes.
Acceptances on hand gained about 3»1 m illions,
Richmond, Minneg? olis and Kansas City reporting the largest increases under
this head.
Of the total b ills - including acceptances - on hand, 46«7 P©r
cent mature w ith in 30 days, and 32*5 P®r cent a ft e r 30/ but w ithin 60 days.
Transactions in United States bonds are shown for
three banks,
the total on hand - 4 2 .6 m illions - being over 1 m illion in excels of the
total shown the week 1bfore.
No change is reported in the amounts of 1 -year
Treasury notes held.
Liquidation on a large scale of local city warrants
by the New York bank accounts m ainly for the decrease of over 2 millions
shown in the to t a l holdings of municipal warrants.
Total earning assets are at present in excess of 225 m illio n s, con­
stitu tin g about 405 P©r cent of the banks' paid-in c ap ital, as against 3OO
per cent s ix months ago.
Of the total earning assets 5 4 .5 Per cent is rep­
resented by acceptances]
1 8 .9 per cent by United States bonds;
16*7 psr
cent by discounts;
5 P®r cent by warrants, and 4 .9 per cent by Treasury
no te s .
No appreciable change is shown in the total of Government deposits,
though there has been some s h iftin g of Government funds between banks dur­
ing the past week.
Large increases in net bank deposits are indicated for
the Boston, NewYork and San Francisco banks.
L ia b i l it y on circulatin g Federal reserve bank notes has been exting­
uished through the deposit of la w fu l money with the Treasurer of the United
States.
Federal reserve agents report the issue of $ 2 8 9 /7 7 8 /0 0 0 , net, of
Federal reserve notes, an increase of over 10 m illions during the week.
Against the to tal issued they hold $ 2 7 3 ,2 7 4 ,0 0 0 of gold and $ 1 7 ,0 3 0 ,0 0 0 of
paper.
The banks report a total circulatio n of $ 2 6 6 ,3 7 6 ,0 0 0 , and aggregate
net l i a b i l i t i e s of $ 12 , 606,000 of notes issued to them by the agents.




Released for publication Sunday morning December 17, 1916 .
S#TEHEBT OF COMBINED RESOURCES AND LIABILITIES OF THE

922 . a.Not e a r n e r .
FEDFT:,' : RESERVE BAMS OF THE UNITED STATES AT CLOSE OF EUSINESS DECEMBER

E S O U R C E S .
De^emoer 15 , 1916
coin and c e r tific a te s in v a u l t .........................................
$ 2 5 6 ,4 1 8 ,0 0 0
settlement fu n d ....................................................................
1 7 7 .3 4 1 .0 0 0
redemption fund with United States Treasurer........
___ 1 ,5 4 3 .0 0 0
Total gold re se rv e .............................................................
4 3 5 .3 0 2 .0 0 0
Legal tender notes, silv e r, e t c . ...........................................
... 7 ,9 0 7 ,0 0 0
Total r e s e r v e .. ....................................................................
4 4 3 .2 0 9 .0 0 0
Five per cent redemption fund against F. R » . bank notes
4 2 0 ,0 0 0
B ills discounted and bought:
23,317 ,0 0 0
M a tu r itie s : W ithin 10 days...................................................
5 1 . 307.000
From 11 to 30 days .........................................
5 2 .1 1 8 .0 0 0
n
31
° 0 days...........................................
3 2 ,3 4 2 ,0 0 0
"
6 l to 90 days.......................................
00
Over 90 days.......................................................
_ 1 ,0 8 2 ,0____
T o t a l................... ■................................. --......................................
$ 1 6 0 ,6 6 6 ,0 0 0
Investments: United States bonds............................... .................
4 2 ,6 4 8 ,0 0 0
u
One-year United States Treasury n o te s ................
1 1 ,1 6 7 ,0 0 0
M unicipal warrants. . ................................... .............. ll.j, 1 9 5 ,0 0 0
Total earning assets...... ........................... • • • ..........................
225 , 6 7 6 ,0 0 0
Federal reserve notes.~ N e t . . . . . . ..................................................
1 9 .5 0 4 ,0 0 0
Due from Federal reserve banks.
Net. ..................... ..
4 7 ,5 3 6 ,0 0 0
A ll other resources......................................... ......................................
4 ,6 5 6 ,0 0 0
TOTAL RESOURCES............ .. ............... * ............................................
$ 7 4 1 ,0 5 1 ,0 0 0
L I A B . I L i t I E S .
Capital paid i n . . . . , - ......... ............... ....................................................
5 5 ,7 3 1 .0 0 0
28 762,000
Government d e p o s it s ..
>43 , 136,000
Member bank deposits - N e t.......................* .................................. - 643,1.36,000
12 , 606,000
Federal reserve notes - N et...........................
Federal reserve bank notes in circulatio n
8-16^000
A ll other l i a b i l i t i e s . ............................. .......
TOTAL L IA B IL IT IE S .......... ...................... ..................-....................
$ 7 4 1 ,0 5 1 ,0 0 0
Gold reserve again3t net deposit and note l i a b il i t i e s (A)-.
68 . 3^’
Cash reserve against net deposit and note lia b il i t i e s ( A ) . .
69.656
Cash reserve against net deposit l i a b i l i t i e s after setting
s^side 4 0 $ gold reserve against aggregate net l ia b ilit ie s
_®n Federal reserve notes in _c ir c u la t io n _( A)
____ L ° 1.2£ _ -

December 8 , 1516
2 4 5 .3 2 5 .0 0 0

R
Gold
Gold
Gold

,

(A) Less items in transit between Federal reserve banks, viz.




$4 7 ,5 8 6 ,0 0 0

1 8 1 . 1 0 1 . 0 0 0
.1 , 5 3 3 ^ 0 0 0 .

'

^ 2 7 ,9 ^ 7 0 0 0
4 , 6 4 4 , 0 0 0

432, 6153,000

September 15 ,
2 5 0 .3 0 8 .0 0 0
125 . 271.000
1 .8 9 4 .0 0 0
C,
3 7 7 .4 7 3 .0 0 0
7 .8 9 8 .0 0 0
385. 371.000

500,000

420:
2 8 .6 5 4 .0 0 0

45 . 310.000
49.765.000
33. 366.000

•

1 5 ,6 8 5 ,0 0 0
32, 521,000
3 9 .7 8 8 .0 0 0
20. 697.000

1 .0 9 2 .0 0 0
158 , 127,000
4 1 .5 4 8 .0 0 0
1 1 .1 6 7 .0 0 0

1 . 631.000
110 . 322.000
46. 915.000
9 . 039.000

. 13 , 235,000
2 2 4 .0 7 7 .0 0 0

18,760,000
36. 565.000

23J 1 4 ,0 0 0
is 9,9 30,0 00
1 9 .9 7 5 .0 0 0
2 8 .9 3 7 .0 0 0

2 .8 8 1 .0 0 0
7 1 5 .3 1 6 .0 0 0

2. 969.000
627. 742.000

5 5 .7 4 6 .0 0 0
2 8 .6 6 8 .0 0 0
618 . 643.000
1 1 ,4 2 3 ,0 0 0
2 8 ,0 0 0
' 8 0 8 ,0 0 0
7 1 5 .3 1 6 .0 0 0
68 • 8J0

5 5 .4 1 6 .0 0 0
40. 199.000
514 . 343.000
1 4 .2 2 3 .0 0 0
3 .2 1 4 .0 0 0
347,0 00
627. 742.000
69 . 9^
7 1 . 4^

69. 5^

_ _ ?0 .1^ __________ 12 -2 ^ _

36, 565,000

28, 937,000

15, 1916.

1916 - June 16 , 1916 December 17 , 1915 .
2 6 2 ,0 6 2 ,0 0 0
1 0 4 .1 0 1 .0 0 0
1 .8 3 3 .0 0 0
3 6 7 .9 9 6 .0 0 0

.

13 622,000
3 8 1 .6 1 8 .0 0 0
4 5 0 .0 0 0

,,

1 2 , 050,000
18 551,000
28 727,000
2 1 .4 3 4 .0 0 0
4 .6 1 3 .0 0 0
'8 5.3 7 5 .0 0 0
52.875 J000
4 .1 9 0 .0 0 0
2 2 .0 6 7 .0 0 0
164 . 507.000
2 4 .4 1 9 .0 0 0
21 . 365.000
.5 ,5 3 8 ,0 0 0
5 9 7 .8 9 7 .0 0 0

2 5 7 .3 7 3 .0 0 0
76 . 330.000
1 .1 8 4 .0 0 0
3 3 4 .8 8 7 .0 0 0
2 6 .9 7 8 .0 0 0
3 6 1 .8 6 5 .0 0 0

6 ,7 4 2 ,0 0 0
1 2 .3 7 9 .0 0 0
18 . 190.000
1 1 . 494.000
■3.891,000
5 2j 696, vjOO
14 . 523.000
1 3 .6 0 0 .0 0 0
8 0 .8 1 9 .0 0 0
2 0 .9 3 9 .0 0 0
21 . 331.000
4 ,3 2 2 ,0 0 0
4 8 9 .2 7 6 .0 0 0

5 4 .8 6 4 .0 0 0
5 5 .7 5 1 .0 0 0
^ 7 7 .2 9 3 ,0 0 0
8. 003.000
1 , 726,000

5 4 .9 0 0 .0 0 0
15 , 000,000
3 9 7 .8 7 9 .0 0 0
1 4 .4 6 1 .0 0 0

260.000

7 ,0 3 6 .0 0 0
4 8 9 .2 7 6 .0 0 0
82 . 5$
89 . 1 $

5 9 ? ,8 9 7 ,0 0 0
70 . 8^.
7 3 *4 $

_ _74 - 0£_ .

21 , 365,000

«

♦% 4

•

#
• *

20^9£

21 , 331,000

Released for publication Sunday morning December 17,

Weekly

1916.

^22 b.

Not earlier.

statement of resources aid liabilities of .each of the twelve federal reserve banks at close of business

(in thousands of dollars)

Boston
$ 13,961

N. Y.
1 3 4 ,7 2 6

Phila* C level.
Richm. Atlanta Chicago St.Louis Minnls
RE S O U R
.E S .
1 6 ,780
15 ,6 11
Gold coin and certif- in vault
4,602
5 ,^ 3 5
2 6 ,8 1 4
9 ,4 8 5
7 ,9 3 1
14,590 16,900
Gold settlement fund
1 8 ,6 0 8
23,054
8 ,9 1 0
4 ,3 4 8
8,494
7 ,4 0 7
3 ^ ,3 7 9
250
Gold redemption fund
100
48 . .2.53
50...
258
200
166
10
151,876
2 8 ,6 0 1
Total gold reserve
2 5 ,7 9 0
3 ^ ,2 6 7
27,909 13,100 61,393 1 3,99 9 16,455
82 - .-jhZ32.
102
Legal tender notes, s ilv e r, e tc .
10
158 .. .. 356
1 ,3 0 2
632
175
J
5
°
j
6
8
.
2
8
,6
8
3
25*83.2.- 3 L .8 9 9 .. 2.7x9-13.. 11*2.5.8. . 6 u m
Total reserve
15xlQl. 16,630
5f> redempt. fund - F . R . bank notes
- 9,666
B ills discounted - Members
7,236
6 ,1 9 1
1,258
1 ,7 1 0
1 ,4 7 7
2 ,4 7 3
2,547
3,369
4 2 ,0 8 4
B ills bought in open market
1 0 ,617
8 ,8 0 1
_2xl42_.....5x108.,
8,474 . 6 ,8 2 3
5 ,7 4 8
1^361
Total b i l l s on hand
1 0 ,2 7 8
51x7.50, 2 0 ,5 5 2
1 1,843
7,006
..1.1,853
5,215
7 ,6 5 5
8 ,5 3 3
Investments: U. S. bends
1 ,3 3 2
426
8 ,4 0 8
2,203
1 ,6 5 1
2 ,4 4 2
1 ,7 1 0
7 ,3 6 1
993
One-year U. S. Treasury notes
1 ,0 0 0
1 ,1 7 4
618
1,070
824
891
1,205
700
1,517
2 ,0 8 2
Municipal warrants
.1 ,0 0 0
2 ,6 8 2
61
4o6 .....1 ,4 4 0 _____729
672
_ 1,19.
Total earning assets
_56x930 2 4 ,11 6
2 1 ,1 8 5
1 2,356
6xI22_ _ 1 0 * 5 3 5 . 2 3 ,208
1 0 ,8 2 0
20^939
Federal reserve notes - Net
1,160
761
1,6 86
. 2,066
H ,3 l i
Due from other F . R . banks - Net
8 ,9 4 4
1 4 ,0 5 6
1,227
3,605
8 ,7 7 4
8 ,7 9 5
^A.11 other resources
11
760 ....
28
316
_217 . ... >5 _____ 735
__ 23
673
"
TOTAL RESOURCES
5 9 ,9 8 3
3 7 ,1 0 4
2 9 ,5 4 4
2 3 § * 3 8 i , 50,101 60,421 3 4 ,7 3 6
9 6 .1 98
2 5 ,8 1 5

L I ABI LI TI ES.
Capital paid in
Government deposits
Member bank deposits - Net Federal reserve notes - Net
F. R . bank notes in circulation
Due to other F. R. banks - Net
All other lia b ilitie s
TOTAL LIABILITIES
M E M O R A N D U M .
F. R . notes issued to the banks
F . R. notes in hands of banks
F . R. notes in circulation
Gold and lawful money with Agent
p a r r i e d to net assets
'Carried to net l i a b il i t i e s



(a) Less

4,990

1 1 ,9 1 4

2 ,8 7 1
5 1 ,8 7 3

3 ,7 1 7
2 2 2 ,5 7 8

5 ,2 2 8
3 ,0 8 1
3 9 ,0 7 2
259

5,990
1 ,1 8 3
5 3 ,2 4 8

2 ,2 7 8
249
5 9 ,9 8 3

1 3 ,1 0 3

1,160
i l , 2lG_.
13,103
1,160

172
2 1 8 ,3 8 1

183
5 0 ,1 0 1

1 7 ,2 3 2
9 8 ,8 7 5
11x3.11.....1,0 4 1
8 7 ,5 6 4 1 6 ,1 9 1
9 8 ,8 7 5
1 5 ,9 3 2

1 1 ,3 1 1

60,421
10,574
761
9 ,8 1 3

10,574
761

3 ,3 4 6

December 15 , 1916 .

. Kas.C y.
5 ,3 9 8
1 8 ,1 1 4
111
23, 62^
2 3,67 7

320
605
3 ,3 0 1
3,9 06

9,166
963
116
1 4 ,1 5 1
1 ,4 5 5
332
4 0 ,1 ^ 5

Dallas
4 ,8 0 9
1 4 ,6 6 4
67
1 9 ,5 4 0
197
1 9,73 7

S.Fran
1 0 ,8 6 6

Total
2 5 6 ,4 1 8

7 ,8 7 3

1 7 7 ,3 ^1

2 ,6 9 5
1 ,5 1 9

3 ,9 2 9
3 ,8 6 0

36,273

1 8 ,7 4 9 *+35,302
47 —yx—
7 ,9 0 7t ,
1 8 ,7 9 6 44 j3,2
9 0 9.j
100
420
923
293
3 7 ,7 4 8
1 ,9 1 4 1 2 ,9 4 5
122,9 18
1
3
,2
3
8
2
,8
3
7
160 , b66
*■
—t"/ yj^,322
2,634
4 2,64 8
500
11,167
705
127
941
11,195
7 .991
1 7 .1 1 1
225,676
2,520
1 9 ,5 0 4
a) 4 7 ,5 8 6
725
. 721
!4 ,6 5 6
2 8 ,5 5 1
4 4 ,1 2 4 7 4 1 ,0 5 1

6,685

2,798

2 ,6 0 8

3 ,0 6 8

3 ,1 ^ 5

2 ,4 8 0
3 ,6 7 0

1 ,455

24,561

16,066

88,015

855
2 5 ,765

t 2
35,600

22,960

2 ,7 7 5

3 ,5 ^ 9

3 ,0 4 4
2 7,125
4 ,1 3 7

1 ,1 0 5

781

875
.
34
_l4i 736

50
2 5 ,8 1 5

" "43
9 6 ,1 9 8

2 0 ,0 3 4
805
1 9 ,2 29
1 6 ,4 5 4

25 ,799
..... 972
24 ,827
2 1 ,278

5 ,5 1 3

1,686
3,827
5 ,5 1 3
1 ,6 8 6

3 7 ,1 0 4

17,148
210
1 6 ,9 38
1 2 ,8 0 1

293
23
2 9 .5 4 4

20,331
2,0 66
1 8 ,2 6 5

20,331
2,066

10 —--?l ,5 4 l

5 5 ,7 3 1
2 8 ,7 6 2
6 4 3 ,1 3 6

12,606

598

62
4 0 ,1 3 5

2 8 ,5 5 3

4 4 .1 2 4

21,417
535
2 0 ,8 8 2
1 9 ,7 7 7

2 4 ,6 4 9
135
2 4 ,3 1 4

15,103

2 3 ,5 3 3

2 ,5 2 0
1 2 ,5 8 3
15 ,1 0 3

2,520

816
7 4 1 ,0 5 1

2 8 9 ,7 7 8
2 1 ,4 0 2
6y
6iJ
,3
76
—
_2—
L'j.h
____

273,274
19,504
12.606

2 ,7 7 5
4,1 3 7
J59_
3 ,5 ^ 9
781
1 ,1 0 5
items in transit i . e . total amounts due from less total amounts due to other Federal reserve banks.

p l e a s e d for publication Sunday morning December 17, 19l6«

922 c.

Not earlier.

STATEMENT OF FEDERAL RESERVE AGENTS * ACCOUNTS AT CLOSE OF BUSINESS DECEMBER 15, 1916.
(In thousands of dollars)
N. Y,

P h ila .

C level. Richm. Atlanta Chicago St.Louis M in n ls. K as.C y. Dallas S.F ra n .

$2 8 ,8 8 0

1 6 8 ,4 0 0

3 0 ,4 8 0

16,660

29,500

3 5 ,3 8 0

10 ,880

7 ,1 1 7

52,805

5 ,9 8 8

3 ,5 8 6

6 ,4 6 6

3 ,7 5 6

1,367

2 1 ,7 6 3

1 1 5 ,5 9 5

24,492

13,074

23,034

3 1 ,6 2 4

8,660

16,720

7,260

2,500

3,000

Issued to F . R. bank
less
amount returned to F- RAgent for redemption

13,103

9 8 ,8 7 5

17,232

1 0 ,5 7 4

20,034

-^Amount held 'by F. R . Agent
■ in reduction of l i a vi l it y
on outstanding notes:
On hand:
Gold coin and certificates

12,100

92,652

3 ,8 2 0

9 ,8 8 0

1,003

6,223

932

694

Boston
Federal Reserve Notes:
Received ffom t£e _Comptroller
Returned to the Comptroller
Chargeable to F . R. Agent
In hands of F . R. Agent

Credit balances:
In gold redemption fund
With Federal Reserve Board

-

-

- -

.

1 1 ,1 8 0

----

Total

22,540

24,500

27,120

3 5 ,3 2 0

17,720

4 4 7 ,3 8 0

2,352

849

2,050

4 ,3 3 0

1,617

92 ,2 8 3

9 ,5 1 3

20 ,188

23,651

2 5 ,0 7 0

3 0 ,9 9 0

16,103

3 5 5 ,0 9 7

5 ,8 2 5

4 ,0 0 0

3 ,0 4 0

3,320

3 ,6 5 3

6 ,3 4 1

1,000

6 5 ,3 1 9

2 5 ,7 9 9

5 ,5 1 3

1 7,14 8

20,331

21 ,417

24 ,6 4 9

15,103

2 8 9,778

5,165

13,030

4 ,3 7 0

10,340

926

1,051

1,147

1,263

503

16,677

6,7 10

6,250

14,260

11 ,930

14 ,600

101,780

1,6 4 0

1,116

21,417

24 ,649

l ,6 4 l

1,878

3 ,4 6 0

704

2 ,0 4 8

1 5 ,7 5 0

1 5 ,7 7 0

3 ,5 8 0

4 ,5 2 1

20,034

2 5 ,7 9 9

^ ,3 3 3

4 ,5 2 5

183
5,330

■

.

154,817

.

1*

Commercial paper

_

13,103

Total
taount of commercial papei
to Federal Reserve Agent



_

98 ,8 7 5

1,300
1 7 ,2 3 2

-

-

10,5 7 ^

—

5,513

4,3 *7

17,148

-

-

2 0 ,3 3 1

-

-

15,103

16,504
28 9,7 7 8

:red

1,300

4,350

—

—

17,030