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r~ Released for publication Sunday -morning February 6, 1916* Hot .earlier* 525* STATEMENT FOR THE PRESS,. February 5, 1916, The Federal 'Reserve Board mad© public today its weekly statement as at close of business February 4* 1916* The statement indicates decreases of 8,7 million dollars in total cash reserves and of 7*9 millions in the combined gold reserves of the banks* The Ne'v York bank reports a de crease of 6,3 millions and the Chicago and St, Louis banks like decreases of about 2 millions : ’ each* a combined decrease for the reserve banks in the 3 central reserve cities of 10*2 millions, offset in part by gains of gold shown for the Boston, Richmond, Cleveland, Philadelphia, Kansas City and San Francisco banks* The decrease in gold reserve is ac companied by an increase of nearly 3 millions in the amounts of United States bonds held, a decrease of 1*7 millions in the total of other earn ing assets, a decline in member bank deposits of 5*5 millions, a gain of about 2*1 millions in Government deposits and an increase of the floattf by 4*5 million dollars* Considerable net liquidation of commercial paper is reported by some of the banks most active in the discount f.l^id, Atlanta, Chicago and Kan sas City reporting large decreases in the amounts of discounts held* Acceptances show but little change since the preceding week, and con stitute now over 51 par cent of the total bills on hand. Over one-third of the paper held matures within 30 days and over 40 per cent after 30 but within 60 days* A total of 2,8 millions of agricultural and live^ttck paper maturing after 90 days is reported among the earning assets of the banks, as against 3*5 millions at the end of the preceding week. Additional purchases of about 3 million dollars of United States bonds are r.ported by 6 banks* Of the total amount of bonds included among the assets of the banks $1,276,250, has been deposited by 2 banks with the United States Treasurer to secure bank notes which, however, have not yet been put into actual circulation* A slight increase in the amount of warrants on hand is shown, New York, St,Louis and San Francisco reporting larger figures than the week before* Of the total earning assets discounts constitute at present 26 per cent, acceptances - 27*2 per cent, United States bonds - 25,2 per cent and warrants - 21.6 per cent. The ratio of total earning assets to paid-in capital is 176 per cent, compared with 173 per cent a week before, and 138 per cent about 3 months before. Net withdrawals of deposits reported by tne Boston, New York, Philadelphia and St, Louis banks account for practically all of the decrease of 5*5 millions in member banks* deposits shown* Federal Reserve Agents report a total of 217,8 millions of Federal reserve notes outstanding, a decrease since the earlier week of about 1.2 millions,, With the exception of Minneapolis and Dallas none of the banks received additional notes, while 7 banks returned no^es to tne Agents for redemption, Against the total amount of notes outstanding the Agents hold 205.1 millions of gold and 14*9 millions of paper. The banks report a total circulation of 181*4 millions and aggregate net liabilities thereon of less than 10 million dollars. H e l p e d lor publication STATEMENT OF COMBINED b b Not earlier. ® r S ^ 'k n i l S 535. BAHKS OF THE UKTED STATES AT CLOSE OF BUSINESS FEBRUARY 4,1916 February 4, 1916 January 28, 1916 November 5, 1915 August 6, 1915 February 5, 1915 R E S O U R C E S . 255.670.000 207.822.000 232.678.000 263.865.000 Gold coin and certificates in vault.............................................. $255,469,000 52.290.000 60,810,000 84,65(3,000 85.368.000 Gold settlement fund............... ...................................... 547.000 1.084.000 1.227. O X I.146.000 1.167.000 Gold redemption fund with United States Treasurer. 256.217.000 261.196.000 294.715.000 349.861.000 342.004.000 Total gold reserve........ . ..................................... 22.641.000 24.916.000 31.567.000 1 5 ,4 9 6 .000 14.637.000 Legal tender notes, silver, etc................................. 278.858.000 286.112.000 326.282.000 365.357.000 356.641.000 Total reserve....................................................... . Bills discounted and bought: 4.222.000 ( 7.714.000 5.863.000 7 ,7 4 4 ,00p 6. 002.000 Maturities: Within 10 days................................. . 8.851.000 10.436.000 II,2 5 9 ,0 0 0 11.353.000 From 11 to 30 days ............................ 5,945,000' 15.085.000 15.606.000 18.518.000 20.740.000 » 31 to 60 days ........................... 10.656.000 8.498.000 12.185.000 2.761.000 10.391.000 n 61 to 90 days ............................ 2 . 112.000 2.724.000 3.509.000 2.837.000 Over 90 days........................................ 16.420.000 40.926.000 43.127.000 53.215.000 51.323.000 Total........... .......................................................... 3.796.000 8.503.000 10.533.000 21.372.000 24.341.000 Investments: United States bor.ds............................. 10.908.000 18.100.000 22.148.000 20. 602.009 20.856.000 Municipal warrants.. ............................ 31/124,000 67.529.000 75.808.000 95.189.000 96,520, 000 Total earning assets.......................................... 2. 121.000 12.578.000 15.184.000 36.469.000 33.710.000 Fed^|al reserve notes — Net...................................... 5.419.000 5.987.000 12.483.000 10.761.000 15.223.000 Due from Federal reserve banks - Net...................... 4.702.000 5.263.000 2.962.000 9.994.000 11.903.000 All other resources 322,224,000 377,469,000 432,719,000 517,77$, 000 TOTAL RESOURCES........... .............................................................. $513,997,000 L I A B I L I T I E S . Capital paid in.................................................................. • ............ Government deposits......................................................................... Re’erve deposits - Net................................ .................. . Federal reserve notes - Net. ................................................... . All other lia b ilitie s.................................................................... TOTAL LIABILITIES.................................................................. Gold reserve against net deposit and note liabilities (A ).. Cash reserve against net deposit and note liabilities ( A ) .. Cash reserve against net deposit liabilities after setting aside 40$ gold resarve against aggregate net liabilities on F. R. notes in circulation ( a ) ........................................ i Less items' in transit between Federal reserve banks viz: $54,907,000 29,850,000 419,137,000 9,966,000 117 000 XuI^Www $513,997,000 54.892.000 27.760.000 424,664,000 10.313.000 141.000 517,770,0Q0 54.848.000 15,000,000 346,063,000 13.651.000 3.147.000 432,719,000 54.315.000 35,123,000 306,002,000 15.420.000 1.732.000 377,469,000 284,101,000 3,000,000 322,224,000 77.1$ 80.4$ 77.4$ 80.8$ 81.4$ 90.1$ 82.8$ 90.7$ 91.0$ 99.0$ 81.3$ 61.8$ 92.0$ 93.3$ 9S. 6$ $15,223,000 10,761,000 12,483,000 5,987,000 5,419,000 525 D^ffiEKLy1STATEMEN^O^RESOURCES^'aKd'' LIAEILITIE3 OF EACH OF THE TWELVE-FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS FEBRUARY 4, I 916. (In thousands of dollars) R E S O U R C E S Boston $16,591 2,022 N. Y. 1^9,569 15,664 Phila. 12,595 Gold coin and certif.in vault 3,166 Gold settlement fund 3 103 Gold redemption fund is , 616 165,336 15,764 Total gold reserve 5,973 3 , 897681 Legal tender notes,silver, etc. 169,233 21,737 19.297 Total reserve 219 203 170 Bills discounted - Members 1.721 11 , 1 ST 7 .713 -- * 1 . 1 . r r Bills bought in open market ... ■.(..JLf . 1,940 11,386 7,883 Total bills on hand 9 S 6 3,215 Investments: TJ. S. bonds 2 1 GSS 3,4^3 I. jl .y. J r r .... Municipal warran' s O .1 > “ i-«i— ...______7x698 7 19,084 12.322 Jt-ti , Zb12}.— Total earning assets 22,235 37^ Federal reserve notes - Net 1,115 1,449 et Due from other F . R. banks 344 3,750 279 All other resources ,3,1 j !..632_ 2.141302 33,078 ■-i TOTAL RESOURCES Cleval*-Richnu Atlanta Chicago St-Louis Minnls. Kas *Cy. Dallas S.Fran. TOTAL 4,630 255,469. 4,018 8,728 2,949 4,601 5,307 33, 3^6 • 3,139 9,993 85,368 5 ; 858 8,693 3,842 3,969 3,600 10,467 M 33 11,696 12,258 245 . 1,161 106 ......... 10 19 330 331 342,004 10,488 12,803 12,956 7,112 7,000 43,813 9,238 21,689 17,189 12 245 1^637261 156 822 ..522192 801,719 356,641... 10.500 13■04S 13,5557,156 ...L»,.3I2_. 9.430 44,635 23.408 17,269 25,044 411 4,639 93S 2,609 2,456 SU 5,400 6,696 336 716 26i 2za : 476 774 1.918 364 _ 455 150 ' 809 51,323 3,064 1,127 4,639 1,712 5,764 4,374 1 ,^ 3 6,846 1,145 24,341 2,221 3,035 1,295 1,510 6,122 2 , 794?' 25' 3,13'S _ 20,S 56 1,177 189 1.067 1,348 731 78 ■ ■1 ...... Y " 2,421 ,3 6 ^ 2 0 5,474 4.020 .5,241 11.844 5.9.3L 5.i222_ 5,73$ 6.704 6,924 5,428 33, 7.10 1,076 807 1,767 908 l,243(a)15,223 211 l~264 4,899 4,729 1,117* 2,165 990 1,35^ 118 11,903 3,824 515.381 105. _ 1,132 329 1.093 33 22,528 20,918 17.204 2 Q , 21 S. 513 . 22L . 18,4l6 .32*222. 25,580 .1 s ,> IL 63,356 L I A BJt-L I T I E S . Capital paid in Government deposits Us30rve deposits - Net Federal reserve notes - Net Due to other F. R« banks — Net All other liabilities TOTAL LIABILITIES SOS 11,058 6,826 26,237 193,095 875 3,323 5 , 15 s 33,078 J J / .i l..~_ 214,302 5,233 509 25,390 31.6S2 5 , 93 s 444 25,957 32.339 3,356 6,025 11,393 ^,771 2,423 5,956 8,185 1,811 35 25,580 102 18,477 6,646 2,784 758 1,490 55,952 14,142 63,356 18,4l6 2,551 267 14,386 3,014 64i 16,186 1,077 2,755 5,183 9,970 2,307 3,9^1 54,907 943 29,850 17,744 419,137 9,966 17,204 20,918 20,.215_ 22,628 13,200 13,980 807 12,393 10,725 648 10,077 13,200 9,000 !37_ 513,997 M EilOR A N D U M . 4,380 8,256 11,200 14,430 17,330 94,240. 10,017. 1,767 1.319 374 908 499 1.115 22,235 — F. R. notes in hands of banks J LJ-16 , 0 11 2,613 7,882 10,292 13.931 72,005 8.902 F. R. notes in circulation 4,380 9,160 14,200 8,256 11,200 94,240 43old and lawful money with Age itio,oi7 1,811 4,771 Carried to net liabilities ^74 90S 1,767 pp. 2,^ Carried to net assets 1,115 _rrrr.* v—— a) Items in transit i .e . total amounts due: from less total. 1 ..... 8,9^9 1.076 7.873 8,949 11,070 233_ .... 5,.If28 13,.IMI_ 5,642 11,440 11,070 2,307 1,07,7 5,428 807 amounts due to other F. R. banks. 1,076 217,777 36,4Q9_ 181,368 205,112 9,966 33.i7.10 52 5 c. Released for publication Sunday morning February 6, 1916. Not earlier* v STATEMENT OF FEDERAL RESERVE' AGENTS1 ACCOUNTS AT CLOSE OF BUSINESS FEBRUARY A , 1916. (In thousands of dollars) Boston C o ntro ller $ 1 9 ,3G0 In hands of F. R. Agent Issued to F. R. bank, less amount returned to F. R. Agent for redemption Amounta held by F. R. Agent: In reduction of liability on outstanding notes: On hand: Gold coin and certificates Phils,« 108,240* 15,480 Clevel* Richnu Atlanta Chicago St.LouisMinnls« Kas.Cy 13,000 19,000 13,000 11,360 275,120 176 290 2,^J6 11,070 273,174 12,8G0 17,000 20,400 9,250 9,600 19,000 13,000 19,404 14,000 6,1G4 1,680 2,570 3,070 4,880 651 5,800 2,275 5,424 94,240, 8,256 11,200 14,430 17,330 4,380 8,949 13,200 10,725 13,980 9,510 82,900 3, 560 10, 640 <■» — 3,950 10,200 2,000 9,540 507 11,340 496 560 b,o63, 10,017 4,100 10,017 94,240 8,256 11,200 120 500 iOPAL 19,580 14,440 Amount of commercial paper delivered ~to Federal Reserve Agent • 9,600 108,240 1 8 ,6S0 As security for outstanding notes: Commercial paper 1 9,380 120 With Federal Reserve Board 9 20,400 1,040 500 Credit balances: In gold redemption fund<: t o t a l 17,000 Dallas S.Fran. -- Returned to the Comptroller Chargeable to F. R. Agent N. Y« 55,397 11,070 - _ 217,777 132,900^ 500 710 120 439 650 500 710 8,660 12,990 4,260 4,560 2,350 6,500 1,190 11,070 55,.680 5, 270 3,130 _ _ -- -- 1,725 2,540 -- 12,665 14,430 17,330 4,380 8,949 13,200 10,725 13,980 11,070 217,777 5,768 3,131 1,774 4,224 - - 16,532 14,897
@FedFRASER