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I ! • • Rale&ifd. f«r publication Sunda y non4a§ F#$f»**ry 11, 1917. Not earliar* -1013 . STATEMENT FOR THE PRESS* February 10, 1917* Resumption of investment operations >y the Federal reserve >aaks, resulting in substantial I]' increased holdings of acceptances, and moderate additions to discounts and warrants on hand is indicated by the Federal Reserve Board1s weekly statement issued to-day a 3 at close cf business on February 9, 1917« Net liquidations, by 25 per cent, of the Federal reserve banks1 earning assets during, the early part of the year m s coincident with low market rates on commercial and bank paper. During the past week, with larger offerings of paper at rising rates, the Federal reserve banks were able freely to extend their facilities to the banking community and still maintain their combined cash reserve at about 75 Per cent* Gold reserves of the banks show a decrease of 32*9 millions, more than fully accounted for by net withdrawals of gold from the New York, Chicago and St*Louis banks* Combined cash reserves show a reduction od 3^*4 millions- A considerable part of the gold withdrawn from the banksr reserves has been transferred to the Federal reserve agents against Fed eral reserve notes. As the banks hold at present $722,000, lese'of Fed eral reserve notes than the week before, it is manifest that the amount of Federal reserve notes thus received from the agents during the past week was all paid out in the purchase of paper and securities. Discounts on hand show a gain of nearly." 1.5 millions. The total shown includes $3,465^000 of member banks1 collateral notes, as against $1,951,000 reported the week before* Heavy purchases of acceptances by nearly all the banks have increased the holdings of this classof pa per by about 19 millions. Transactions in U* S* bonds are reported by 9 banks, resulting in a decrease of. the total on hand by $1,080,000. There has been no change in the amount of one-year Treasury notes l$eld* Municipal warrants on hand show an increase of about 2*2 millions. Total earning assets - $191,242,000, show an increase for the week of $21 , 562, 000 , and constitute at present 3 U3 per cent of the banks* paid-in capital, compared with 305 per cent the week before. Of the to*k,al • ’ 5^*6 per cent is represented by acceptances; 15*4 per cent by U. S. bonds; 9.7 per cent by Treasury notes; 8.5 P$r cent by discounts, and 7 *8 per cent dy warrants* The decrease in ^all other resourcesTt is caused by the disposal of a large part of national fcank notes on hand. Government deposits show a considerable decline, most of the banks reporting heavy withdrawals of Government funds for the week. Member bank reserve deposits show a decrease of about 11.7 millions, the three eastern banka reporting the largest reductions under this head. The amount of float carried by the Federal reserve banks, as me loured by th£ difference between asset item ^Uncollected Items” and liability item "Collection Items”, stands at present at $24,018,000, of which $17,324,000 represents transfer drafts purchase', largely by western banks, Federal reserve agents re;ort the io^ue of $308,348,000, net, of F. R, notes, an increase f ot the week of $17,771,000. Against the total issued they hold $288, 720,000 of gold and $ 21 , 715,000 of paper* The fcauaks report an outstanding Federal reserve note circulation of $278,, , and aggregate liabilities thereon of $ , , , 523 000 13 093 000 IOI 3 . a. Released fjr publication Sunday morr.ing February 11, 1917 Not earlier STATEMENT OF COMPILED RESOURCES AND LIAEIIITIES OF THE TWELVE FEDERAL RESE" VE BANKS OF THE UNITED STATES AT CLOSE OF EUSINESS FEBRUARY 9,191? R E S O U R C E S . February 9, 1917 February 2, 1917 November 10, 1916 August 11,1916 February l l /l 6 . 255,284,000 258, 952,000 265, 897,000 Gold coin and certificates in vault........................................ $274,194,000 306,964,000 • 83,938,000 106, 121,000 212 , 961,000 139,571,000 212 , 961,000 Gold Battlement fund...................... -....................................... . 1 , 120.000 1 . 852,000 Gold redemption fund, with United States. Treasurer.............. 1 ,7^4.000 1 , 368,000 1,835,000 340,342,000 366 , 925,000 406,836,000 521 , 760,000 Total gold reserve.............................................................. 488, 889,000 15 ,$ 4 8 ,000 11 .; 127,000 7,312.000 12 , 185,000 10 , 613.000 Legal tender notes, silver, etc............................................... 355,590,000 378,052,000 4 l 4 ,148,000 533,945,000 Total r^sarve....................................................................... 499., 522,000 500,000 500,000 450,000 |ra par cent redemption fund against F. R- bank n o tes.... 400,000 400,000 24,654,000 28, 459,000 19 , 380,000 14 , 707,000 lls discounted - Members...................................................... 16,200,000 80 , 512,000 28,074,000 90 , 913,000 93 , 112,000 Acceptances bought.................................... ................................. 112,092,000 25,304,000 38 , 853,000 46,703,000 30 , 550,000 " Unitad States bonds...................................................................... 29,470,000 11 , 347,000 . ........... 8 , 351,000 18,647,000 Oae year Treasury notes.................................... ......................... 18,647,000 20 , 694.000 25 , 5 / 7,000 27.975.000 12.664,000 Municipal warrants...................................................................... 14,8^3 ,000 181 , 187,000 169, 680,000 103 , 609,000 192, 000,000 Total earning assets.......................................................... 191.24-2,000 17 , 613,000 25 , 515,000 28,344,000 20, 069,000 Federal reserve notes - Net...................................................... . 23,290,000 35 , 065 , 000 12 , 687,000 16,447,000 Due from other Federal reserve banks - Net........................... 13,255,000 12,964,000 i . « «* » * . . . » v. 126, 611,000 Uncollected i t e m s ........................................... • • .................. 121,225,000 13,155.000 3,731.000 .... 2,483,000 12 , 389,000 All othar resources..................................................................... 11,078 .000 881 , 991,000 650,946,000 TOTAL RESOURCES.......................................................... .......... $860,012,000 610,799,000 513,396,000 L I A B I L I T I E S . 55,725,000 55,710,000 55,130,000 Capital paid in ............................................................................ 53,713.>000 54,890,000 23,333,000 23,339,000 53,259.000 Government deposits........... ........................................................ 15,525,000 26, 881 , 00iD * . . . . -V 689 , 878,000 -* . . . , . , * .., Due to mooibers - Reserve account............ ............................... 678,170,000 ............... 556, >462,000 Jtapber bank deposits - Net........................................................ 489,219,000 421,907,000 ............. , „. . , *, 101,232,030 • * « « %#« ^FLl.ction items........................................................................... 9.7 , 207,000 11,471,000 13 , 886,000 Federal reserve notes - Not...................................................... 13,093,000 11 , 212,000 9,577,000 * . • ♦ ... 1 , 030,000 FaIcral reserve bank note liabilit}'-.................................. . ■• « 1 , 691,000 152x000 519,000 288.000 ' All other liabilities-............................................................... ............. ^04,000 141,000 : . 881 , 991,000 650,946,000 610,799,000 TOTAL LIABILITIES............................................................... $860,012,000 513,396,000 76 -0# JZ. 8% 68 . 3 # Gold reserve against net deposit and note liabilities....... 73-0$ 76.4# 74 .1 # 77-8# 70.4# Cash reserve against net deposit and note liabilities....... 79-8# Cash rsserve against net deposit liabilities after setting as ids 40/£ £olJ reserve against aggregate- net liabilities 78.4# 1 5 -Of 7 1 . 0# 80 • (% on Federal reserve notes in circulation .............................. 75-3# 16- JO days 31 - 60 days 5-1 - 90 days Over 90 days MEMORANDUM: Distribution by maturities: Feb. 9, 1917 1 - 1 5 days 26,8 76,000 51,140,000 Billa and acceptances...................................................... .......... $24,394,000 24,924,000 958,000 1,241,000 1 , 945,000 Municipal warrants......... ............................... .......................... 302,000 631,000 10, 714,000 « . Released, lor ou.licatiori Sunday mornir.r February 11, 1$17 * Wot earlier. m W L Y STATE:iE-’T OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF ^USI'^ESS FEBRUARY (In thousands of dollars) r 7 e n Cbl.fcoin Gold ;; p r- e c aUii c e r t if • i n v a u l t settlement fund P h i la- Eostc-i N • Y • Clevel. Rickn. thica:..o S t . L o u i s M i n g l e . *-as.Oy. S. $12 ,8 38 124,074 2 7,75 2 Id, 1 0 1 5 ,2 8 0 5 ,8 0 1 3 1 ,0 4 2 1 2 ,5 5 1 1 1 ,0 5 5 1 3 ,5 2 b 1 9 ,9 0 1 4 6 ,0 8 9 8,633 2 5 ,2 5 1 1 8 ,3 7 9 7 ,3 1 2 3 5 ,2 9 8 1 ,5 1 0 5,8 31 Gold redemption fund L ....... jzjy 32,789 170,413 Total gold reserve 2,158 511 Legal tender notes, silver, etc. 55.500 172,571 _ —Total reserve redeupt. fund - F . R. bank notes 792 Bills discounted - Members 1,3^5 15,292 55,615 "Bills bought in open market 54,960 14.084 Total bills on hand 70 Investments: U* S. bonds 726 1,666 One year U.S. Treasury notes 651 4,651 Municipal warrants 40,587 16.581 Total earning assets 16,948 882 Federal reserve notes - Net Duo from other F. R. banks - Net 7,175 137 23,640 9,387 UncoXls>ct-cjd itoms . 2,545 515 All other resources 60 ,400 265,064 TOTAL RESOURCES f JLJL i L.. L I A B I L I T I E S C o ita l paid in ^,990 ^Pern;;. jnt deposits (x) - 108 47,658 Due to members - reserve account 7,778 Collection items Federal reserve notes - Net Due to other F . R 82 All other liabilities 60,400 TOTAL LIABILITIES M E MO R A N D U M . F. E, notes issued to the banks F. R. notes held by banks F. R* not-m: in circulation Gc-1i an I lawf u 1 ^o ne w i t h Agent (x) Overdraft (a)Dj * 11,860 165 229,947 21,088 *+1,379 556 41,915 23,893 832 1,068 14,815 15.647 8,217 9.285 4,985 1,820 2,401 18,491 1,018 3,444 4.717 56.984 1,999 1.451 19.077 2,357 8,823 18,319 361 74.741 72,772 5,230 2,077 46,314 16,3^9 6,020 365 56,77^ 9,013 168 457 265.064 J V C - ........ 3^,525 459 4,175 159 74,741 72,772 Atlanta 3 , xjx! ■ 62 25.955 8.161 440 1,969 15 10.585 1,091 7,321 157 45.089 3,363 1,472 26,181 6,864 5,209 45,089 13,315 1.225 14,540 66,540 996 2,540 5,558 6.078 50 1,491 125 7.742 1,700 8,538 10.058 5,563 915 8,160 67.556 2,962 2.588 21.551 1,739 3,733 16,270 516 1,979 55,336 111,595 2,420 2,599 17,059 8,397 6,946 1,731 94,248 8,470 2,861 55.536 111,595 7 ,2 3 3 ^8 , ^ 9 ,1 0 1 Fran. ,,5 ^ 3 Total. 2 7 4 ,l j 4 ^ 2 , ,ol 15,664 21,13*+ 488,883 24 .....255_ io J d 3 16,419 21,158_ 499,522 400 100 300 16,200 1,278 512 199 541 1,949 6,584 , 2 ,I 1 S _ 1.286 . 8,918 ...112J332... 6.257 6,7 78 ..8,113- 3 ,2 4 j _ .2,5.64 ...2*11L- 128.292 2,423 3,403 8,518 29 > 7 0 2,203 1,409 18,64/ 1,500 1,430 1,230 891 963 254 540 550 924 365 i^L833_ 10,79.6 __ 11,502 15,068 ..._L^5l_ 14,011 191,242 2,472 23,290 ’220 11 1,102( a) 13,255 403 460 982 3,654 4,967 5,823 121,225 7,496 7,359 1,240 _3t26 3,215 .. ..... 3iD_. 11,078 85_ 860,012 U0,071 55.570 56,555 51.000 .^ ^ 6 7 14,408 3,176 17,584 17,015 35,814 88 643. 17,658. „3.5<9.Q2 ........... . 2,799 2,405 1,844 3,07^ 26,807 6,180 26,986 2,135 45,461 5,502 1,845 375 2^,769 2,468 2,042 35,966 2,363 3L.370 56,5.55. 31,000 . . &.L. 44,367 1,566 2,721 40,073 98 3,513 2,693 1,070 55,713 15,525 678,170 97,207 13,093 ... 3Q.4. 860,012 8,446 l 6,676 15,806 21,014 21,159 l 6 ,526 308,348 ie,790 11,672 17.5&2 22,085 220 2,472 — 2 ^ 8 2 ^ 920 .1,731. 1,126 .2,.p H 656 943_ 1,018 20,624 1^,054 278,523 20,979 6,707 15,550 17,295 12,903 103,815 17,847 10,654 16,926 21,165 7 21.199 . 16 ^ 5.26 17 ,. 106 18.7 79 8 J j' 6 12,829 15 .78^ 1?n . 767 17.^00 11.672 11.717 18.504 reserve banks "erance between net amounts due from ?<.nd net amounts due to other Federal 13/785 882 120,767 16,948 ^ > J . — X 1 1_______ — 1 J / z --------- --- *---------- ----- --- O G p t O O J / C-\j Released for publication Sunday morning February 11, 1917- Not earlier 1013 c. STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS FEBRUARY 9, 1917(in thousands of dollars) Boston Federal Reserve Notes: Received from the Comptroller I^^ rn e d to the Comptroller Chargeable to F. R. Agent In hands of F* R« Agent $28,880 N. Y. 224, 260 Phila.Clevel. 30 , 1+80 22,660 22,540 26,500 28,120 35,320 18,560 515,880 8,018 4,360 1,73^ 2,824 1,074 2,448 5,554 2,034 108,2b2 20,1495 163,447 23,650 18,472 21,482 32,020 10,946 19,716 25,426 25,672 29,766 16,526 4 07 , 618 4,860 6,800 3,900 9,935 2,500 3,040 5,620 4,658 8,567 - - 99,270 17,582 22,085 8,446 16,676 19,806 21,014 21,199 16,526 5,165 13,230 4,370 10,110 6,710 42,680. 11,672 Amount h^ld by F- R. Agent in reduction of liability on outstanding notes: On hand: Gold coin and certificates 12,850 114,949 3,730 10,980 935 5,818 930 692 - - -- 12,730 -- -- 1,400 13,785 120,767 18,790 -- 1,401 Amount of commercial paper delivered to Federal Reserve Agent -- 12,680 4,188 18,790 Total 36,380 6,830 120,767 As security for outstanding notes: Commercial p?.per 29,500 60,813 13,785 With Federal Reserve Board Total 8,385 Issued to F. R* bank less amount returned to F« R. Agent for redemption C & ^ it balances: ^ ^G o ld redemption fund Richm. Atlanta Chicago St. Louis Minnls . Kas. Cy . Dallas S.Fran- -~ 11,672 — _ 2,960 308,348 178,344 717 1,444 136 854 826 1,149 1,059 566 15,126 11,000 13,900 8,310 6,810 3,250 13,260 10,030 15,960 95,250 5,865 3,781 3,847 2,5Q0 2,235 -- -- 19,628 17,582 22,085 16,676 19,806 21,014 21,199 6,778 3,809 3,848 2,500 2,236 1,143 — 8,446 — 16,526 _ _ 308,348 21,715 Released for publication Sunday corning February'’ 18* 1917* ^ot earlier. 1029 STATEMENT FOR THE PRESS* February 17, 1917* Continued gains in the volume of the acceptance' business and of discount operations; as well as substantial increases in member banks' deposits, are indicated by the weekly bank statement of the Federal Re serve Board made public today as at close of business on February 16 , 1917 . Aggregate gold reserves of the banks increased by 3*5 millions and in addition the gold holdings of the system increased by about 8*5 millions transferred to the Federal Reserve Agents against Federal re serve notes, which apparently were used by the banks to pay for in vestments made during the week. The New York bank reports an increase of about l4.6 millions in its gold reserve, largely the result of transfers from other Federal reserve banks of credits on the books of the Gold Settlement Fund for purchases, of acceptances made for their account. Atlanta’ s gain of about 0.9 million, in cash reserve is coincident with an increase of reserve deposits and the liquidation of its favorable balance in account with other Federal reserve banks. In the case of the Chicago bank the increase for the week of about 2 millions in cash reserve goes hand in hand with a corresponding reduction in the volume of transfer drafts bought but not j^et collected. Discounted paper on hand increased about 3*3 millions; the Boston bank reporting the largest addition to its holdings of commercial paper. Of the total held, $4,7^3,000, as against $3,465,000 the week before, is represented by member banks1 collateral notes, held at present by 9 banks. All the banks, except Atlanta, report additions to their holdings of acceptances, the total gain for the week being nearly l4 millions. No material changes in the volume of United States securi ties on hand are reported for the week. The amount of warrants is about 1.8 millions larger than the week before. Total earning assets increased about I 9.2 millions and constitute at present 377 Per cent of the banks' paid-in capital, as against 3^3 per cent shown the week before. Of the total nearly 60 per cent is represented by acceptances! over l4 per cent by United States bonds; 9*3 per cent by discounts; 8.8 per cent by Treasury notes, and 7*9 Per cent by warrants. The aggregate capital of the banks shows an increase of about $60,000 largely the result of the admission to membership of the Com monwealth Trust Company of Eoston. A further reduction of about 4*7 millions is shown for Government deposits. Member banks' reserve deposits increased 10.4 millions, Philadelphia and Atlanta reporting the largest gaiisunder this head. Federal reserve notes issued by the Agents b»re reached a total of $321,453,000, an increase of $13,105,000 for the week. Against the total the Agents hold $297,270,000 of gold and $26,746,000 of paper. The banks report a total of $291,839,000 of Federal reserve notes in circulation and aggregate liabilities thereon of $17,089,000. Released for publication Sunday morning, February 18, 1917* Not earlier. «m nTn~F nv pttqtnf«?c! ttf^dttarv 16 1917 STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF TEE TWELVE FEDERAL RESERVE BAWS OF THE UNITED STATES AT CLOdE 0 ~ • - * February 18/l6 i t e n it * o F S February l6 , 1917 February 9, 1917 November 17, 1916August 18, 1 9 U F^ ™ a r y l ° / lb Gold Join and certificates in vault........................................ Gold settlement fund.................................................................. $274,367,000 216,221,000 2^ Q ^ n n n 212^ 1 , 0 0 0 6911K S K „ e par cent redemption fund against F. B. bank notes...^fclls discounted - Members........................................................ Acceptances bought................................................................ Jnited states hondb« ........* - H00,00C .,S'SJ'SS ™ 'o n n mwS'SS g u f o io o o l io '0 0 ^ 0 0 0 s jrfe 5i i « S l4? ^ l , 0 0 0 19 704 000 il^u s 'o o o 11(30 000 -’W S S 26,756^000 23,678^000 J fc U 5 ,0 9 0 « 8 000 47 023,000 ', ^l^O O O 26,422,000 KSS One-year Treasury notes............................................................. ,, . . , , Municipal g r a n t s ..................................................................... 18,647,000 14 811,000 191 242 000 ^a \or7^nnn 18,597,000 186 372 000 ?7^788^000 2/ , foo ,UU'J 185,596,000 24 964 000 . ^ > 7 D 'Wv," 104,200,000 Total earning a s s e t s . , , . . * . * --------- --------Federal reserve notes - N e t . . . . . . . -- * ................ Due from other Federal reserve hanks - N e t .............. 210,403,000 2 2 ,5 20 ,0 0 0 7 ^840,000 ^ r^nn 13>255*OOQ , 1, t l r nnn sa*77^o n o 59; 773* 1Q qq7 nno 21^068^000 PS R76 000 12*255^000 Uncollected items............................. ............................... .......... All other resources..................................................................... TOTAL RESOURCES.................................................................. 144,249,000 8 ,619,000 $894,032,000 11>078 ^QQ2 860,012,000 k i?i 000 ... r » ■ 719,217,000 1,226.000 Cok iqt om , 93, 7.878.000 S09 R^l 000 5 9,55 , . p-cqqq 55,110,000 55,713,000 S 'i ^ 'o o o 49 717^000 15,525,000 5, , 678,170,000 • *■• — 505,090,000 .•..................................................... . . 97 , 207,000 • *•• — 12 295,000 13,093,00° ' ' nn i fiqi OOr' • — — ^qo'oOO ' 290'.000 —?— 3.Q^ *,QOS _ r0u iq-i w 860,012,000 719,21f,000 , 93, \ et 71*4% 74*6/o J5* 1° •*•* 5^,886,000 28,946,000 • rl 75-3/’ l6.- 3° days 28,602,000 921,000 -»i n£-7 onn 5 29 ^ m 1 j 000 18,64-7,000 < C- C70 mn l£,67,8,QQQ L I A B I L I T I E S , Capital paid in.............................................. .............................. 55,773,000 Government deposits............................................................. 10,851,000 Due to members - Reserve account............................................. 688,591,000 Member bank deposits - Net........................................................ llection items.......................................................................... 121,218,000 deral reserve notes - Net.................................................... . .17,089,000 Federal rer^rve bank note liability........................................ . ... ... All other liabilities........................... ................................... 510,000 TOTAL L IA B ILIT IE S...'.,...................................................... $894,032,000 Gold reserve against net deposit and note liabilities....... 7 1 . 8$ Cash reserve against net deposit and note l i a b i l i t ie s ,.... 72-9$ Cash reserve against net deposit liabilities after setting aside 40$ gold reserve against aggregate net liabilities on Federal rese^*^ notes in circulation............................. 73-8$ MEMORANDUM: Distribution by maturities: Feb. 16,1917• 1 - 1 5 days Bills and acceptances.......................................................... $33,356,000 . Municipal warrants....................................................................... 1,227,000 r ^ _ 1U0 ' 821^000 . • ‘ 3 -ays 56,578,000 1,100,000 7 apr non j 72 1$ c * ? * 26,149,000 582,000 416,490,000 ....... 9,089,000 .. . . . ' lUO.OOO c,nq 000 5 9 ,5 ? , 80.6$> 81-5$ n-m»r- qn Aavq * .5 2 2 ,0 .0 12,848,000 Released for -cubli cat ion Sunday morning February 18, 1917- Not earlier. 1029 10• WEEKLY STATEMENT OF RESOURCES AMD LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS .FEBRUARY lb, 1917 . (In thousands of dollars) R E S O U R C E S Boston N. Y. Phila. Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas.Cy. Dallas S.Fran. Total Gold coin and certif! in vault $12,498 128,155 28,305 15,704 5,291 5,687 28,310 11,081 11,326 7,365 6,717 13,928 274,367 Gold settlement fund 18,>472 56,644 3,944 25,443 18,258 8,002 40,048 437 4,857 25,687 7,85^ 6,575 216,221 Gold redemption fund ____ rr:J , 31,018 185,049 32 , 3^9 41,172 23,877 14,182 68,558 11,559 16,308 33,206 14,596 20,518 492,392 Total gold reserve 44 _.._L602 .. 785 158 2,788 665 ..... 90_ 408 1.279 987 140 152 113 Legal tender notes, silver, etc20,562 ..500^001... 33,296 .1.5,J81_. 31,158 185,201 32,507 41,580 23,990 15,461 69,545 14,347 16,973 Total reserve 400 100 300 redempt. fund - F. R. bank no1 206 489 2,474 1,616 581 2,570 1, 988 1,478 2,208 3,874 -69^ 1,375 19,553 Eills discounted - Members 2,320 10,024 126,054 7,968 4,358. 15.544 15,166 10,859 5,584 3,484 10,135 6,735 13.877 Bills bought in open market 9.458 5.958 11.751 37,532 15,860 12,117 8,549 9 j_3.Q5__ 4,847 .._.1J>35__iQx2.m_ 145,607 16,085 Total bills on hand 8,518 1,409 29,471 2,429 3,^03 2,203 4,985 442 50 5,961 71 Investments: U« S. bonds 1,430 1,500 963 18,647 891 1,230 1,491 2,9b2 1,666 726 1,820 1,969 One-year U. S. Treasury note: s 1,999 25U ___ 2.6.5— 16^618 •540 2,842 5,534 124 2,910 621 1..4TL 15 1,127 .....515 Municipal warrants 8,782 .1 ^ 1 2 4 210,403 43,863 19,290 22,052 11,884 7,623 23,516 12,770 12,459 14,668 18,372 Total earning assets 2,401 22,520 439 16,200 Federal reserve notes - Net 1,390 1,315 775 415(a) 7,840 *266 78 3,750 509 Due from other F. R. banks - let 193 5,731 5,608 6,553 144,249 9,748 3,710 13,660 29,918 21,275 12,055 8,261 7,996 Uncollected items 7,730 17,735 4u 8,619 208 ...1,282 81 2,482 94 128 1,948 298 484 407 769 All other resources 64,674 275*58.9..--22J5.1 _ n x 0 2 4 . 44.529 32,762 116,630. .3 1 l3^I YuUxL- 56.661 ...11x522 45.486 894,032 TOTAL RESOURCES ,. 11,861 5,243 Capital paid in 5,035 (x)89 1,616 ^fevernnient deposits 1,817 49,243 229,110 50,489 to members - reserve account IO/O 63 31,140 19,770 Collection items • ---— 1,847 Federal reserve notes - Net _ _ 1,464 Due to ether F. R. banks - Net 331 All other liabilities ______ 21______ 122______136 64,674 275,589 79,101 TOTAL LIABILITIES 6,020 1,037 58,280 11,687 — — - - 3,363 1,518 25,206 8,252 6,190 _ _ 2,418 2,032 19,9^3 5,138 3,077 154 - -_______;1_r_____ - 77,024 44,529 6,947 2,799 1,155 (x)-4l6 95,459 26,680 13,069 6,958 _ 2,560 766 ---- 3,074 2,405 9 23 (-e ) -670 26,842 44,903 2,836 726 6,665 2,689 ---- - - 3,915 1,137 25,146 2,642 - 387 37,290 10,851 688,591 2,998 - -- 121,218 17,089 - - 55,773 - -_______-------------------- :-- ----;—5123 9 ,3 4 ^ 33,732 56 ,66l ,...1L522_ 45,486 894,012 32,762 116,630 ME MO R A N D U M 9,443 16,656 20,390 F. R. notes issued to the banks 14,750 129,206 20,812 12,040 17,365 21,565 2.174 704 560 .1 ,3 3 0 16.200 1*651 F. R. notes held by banks ... JL315_ ..1*282 . .115 F. R. notes in circulation 13,360 113,006 19,159 11,265 16,805 20,861 8,128 15,3^9 18,01b Gold and lawful money with Agent 14,750 129,206 17,312 12,040 10,615 17.784 q,44l 12,809 17,290 ^ (x) Overdraft (a) Difference between net amcrunts due from and net amounts due to other Federal 2,693 . 21,95** 516 21,047 16,225 >12.. 2,401 21,438 20,b08 13,824 18,749 21,047 16,225 reserve banks* 321,453 2 9 .6 14 291,839 297,270. , Released for publication Sunday morning February 18, 191?' 1029 c Not earlier. STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS FEBRUARY l6, 1917(in thousands of dollars) Phila. Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas. Cy- Dallas S.Fran. 237,680 33,480 23,860 29,500 36,380 13,680 22,540 26,500 28,120 35,320 18,560 539;500 8,570 61,274 6,908 4, 220 8,235 4,430 1,737 2,844 1,090 2, U78 5,706 2,335 109,827 ^^targeable to F« R* Agent 25,310 176,406 26,572 19,640 21,265 31,950 11,943 19,696 25,410 25,642 29,614 16,225 429,673 In hands of F* R* Agent 10,560 47,200 5, 76o ' 7,600 3,900 10,385 2,500 3,040 5,020 3,688 8,567 -- 108,220 1U,750 129,206 20,812 12,040 17,365 21,565 9,443 16,656 20,390 21,954 21,047 16,225 321,453 5,165 13,030 4,370 10,110 Federal Reserve Notes: Received from the Comptroller Boston N. Y, $33,880 Returned to the Comptroller Issued to F. R» bank less amount returned to F. R. Agent for redemption Amount held by F* R. Agent in reduction of liability on outstanding notes; On hand: Gold coin and certificates 13,850 123,549 3,730 11,380 900 5,657 1,052 660 Credit balances: In gold redemption fund With Federal Reserve Board As security for outstanding notes; Commercial paper Total Amount of commercial paper delivered to Federal Reserve Agent - - - - 12,530 - -- 3,500 129,206 20,812 - 14,750 3,502 — -- 12,040 2,960 Total. 188,144 615 1,374 133 834 1,010 1,119 1,107 545 15,006 10,000 13,450 9,310 6,810 3,250 13,260 9,830 15,680 94,120 6,750 3,781 Ml 3,100 3,205 -- -- 24,183 17,365 21,565 16,656 20,390 21,954 21,047 7,263 3,810 3,850 3,100 3,217 2,004 — 9,443 3 16,225 321,453 26,746
@FedFRASER