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Released for publication Sunday morning January 16, 1916* Not earliei . U9U. STATEMENT FOR THE PRESS. January 15, 191$* The weekly Federal reserve bank statement as at close of business on January l4, 1916, was made public today by the Federal Reserve Board* The statement indicates a decrease for the week of 6.7 Million dollars in the aggregate gold reserves, and of 5*3 millions in ijoiial reserve. The New York bank reports net withdrawals of 11.2 millions in gold and of about 12 millions m total cash, which are offset in part by considerable gains in the gold and cash reserves of the Boaton, Philadelphia, Chicago and Kansas City banks. ,, e resources of the system including amounts of gold held by ie Federal Reserve Agents both in their own vaults and in Washington, stand a present at 551*9 million dollars, as against 423 millions reported about months ago, and 33^*9 millions shown about 6 months ago. The gain in rese^ve proper during the past 6 months was 86.5 millions compared J.'1, , . a S&in during the same period of 126.5 millions in the Agents' gold holdings. f ^ in c r e a s e of about 3 *^ millions is shown in the total earning assets o ^ie anks, which are now 169 per cent of the total paid-in capital of the an^s as against 142 per cent 3 months ago, and 111 per cent about 6 months o-ds” cc®ptances,, including bankers' and trade acceptances bought in the ,npmaf £ show a gain of 1.2 millions credited largely to the New York the 0]^ “k ^ s . The amount of discounted paper held by the banks at bank - , vveek^ shows a decline of about 1 million dollars, all the thp + + * Louis reporting smaller figures than the week before. Of Wo-f>°+ “ills held acceptances constitute at present 47.1 per cent, the hanr! m Pr°P or"tion ever shown. About 37*1 per cent of all the paper on a ures ./ithin JO days and 30.4 per cent after 30 but within 60 days. week v ^79*000 United States bonds were bought during the past 2 uVi-nv1X a Tiie holdings of municipal -warrants show a gain of about for thp 8ac^ ^ Eastern^ banks reporting considerable purchases week 1 ij&+ a Government deposits increased about 3 millions during the i„rcrA + ' e . ePosits of member banks increased about 6.5 millions, the o 0ams eing shown for the Boston, Philadelphia and Cleveland banks. to AV0s®rve Agents report a total of 2 I9 millions of notes issued of Banar "Sfpf^ains^ ^Posit of 2.0k.Z millions of gold and of 15*6 millions millions*dnT-* 8 ° f notes outstanding shows a net increase of 3'5 fresh i=i=!nA inf * ,/eek, the New York and San Francisco Agents reporting demotion >.vS+^ v/hile the Atlanta and Dallas Agents report the re pute nntp !• 81f ^ 55 ^0 00 of notes returned by the banks. The banks' aggreuoo'i thpir ir+U+a 10n s^ ° " n as 136.2 millions and their net liability their circulation as 11.9 million dollars. £ ® S S £ S o u ^ rS S \ . U B i L S i i ' o f ™ r e s o u r c e s . Gold coin sad certificates in vault......................... Gold settlement fund.................... ................................ G cld S t i r g o iS fed eral Pre ser v e 1"banks o f the u n ited *“ Ua7 $2o0,855,000 85, 630,000 ^nnn1 3 1 6 ' ^27^ 1; / OGO9 1 6 "OOO1 9 1 5 ’ I^ t y /o o o Sg'feo'ooo ^ ^ 0,000 58, 620,000 :::::: “ 1 u S S Uf a ^ ..................................... Froa 11 to 30 days............................... : ii log o d a y s : : : : : : : : : : : : : : : : : : over go days.................. 7 , 399,000 13, 291,000 7 i u f S _ i a i | ^ 22_ m v a s l ^ ; ; ' u : ' s: ' B „ n d ; . : : . . . ................................. j & H , ^ J X ^ T ^ ? : : : : : : : : : : : : : : : : : : : 213 ^47 2 !OOO1 5 ’ Ja n u a r y^ , 1916 ’’ z ^ o l s /o o o 1+6,680,000 iW o Q Q ♦ ••• *<28,000 « r , 6» , « » w ,t i m > o ( 12 . 1 H6.000 f6 . 0U9.000 12, 103-000 ^ ,3 4 U ,0 X I H S 'S o i b B^ s t a t e s at c i ^ s e of e u s b e s s * # '^ » $ ^ j o d ^ 6 , 605, 0™ « £ M » 1 1/ -7-t’ qqq K g ' ^ ^ o o o $ U % ° ° ° ^.iffi.ooo - f e t e - A11 " S S . I S S S ^ : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : ^ 37 , 6U0,000 . ooo 12 , 1* 2,000 iu :^i',o o o - « £ » u f e f e » ;* * ;°°° 357, * 76,000 397, 093,000 5M 35,ooo 18, 075,000 L I A B I L I T I E S . ................................................. $RU sgo 000 5^ 895,000 Government deposits-.................... ................................ 26,379,000 l^y^l'ooo'- *&Sp5 -§ i „ .. . .. SZZ m ^ * i S S ^ ::::::::::::::::::::::::::: & & M reserve a g a in st net l i a b i l i t i e s . ( A ) .................... g u !s l Cash reserve against net liabilities (A) * . 82, <r> Cash reserve against net deposit lia/bilities after ^setting aside UOfo gold reserve against net amount of F* R. notes in circulation ) ( A ) .................. . • • • s3*5^ _ - t --- --------------------- 7 “ T ~ ^ ( A ) Less iter.s in transit between F.R. banks viz: . 32s '? 66'000 297, 616,000 . * / ^ . 277* 185,000 ’WSSS x ^ a s o fsl G o l d 5>*,775,ooo ‘ * ,.« * .* » 2 2 *3 $ 88.0$ 2 5 .3$ 94.0$ 90. 1$' 96 . 6/0 _______ _____________________ - ____ - — : ii H 7 000 " " 10. 160,000 $12/995,000 11,137,000 ±u,iou, 5,855 , 000 ^ ™ ,< * .« » &"J•!$> 9 3 - !$ 93*5$ - - - 7, 595,000 pci 05.0.3(1 for rsublicption Sunday morning January lo, 1916. Not earlier. ,~,r ^ "u E E K L Y STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TTJELVE FEDERAL RESERVE BANKS AT CIOSE OF BUSINESS JANUARY l4, 191o. R E S 0 U Boston N. Y. Gold settlement fund $16,591 2,08J 159,*>1 7,253 Gold J ^ p t i o n fund 6 Gold coin and certif.in vault sss^ r^ p * Invostnonts: U. SU bonds Municipal --Tjrmte Phila. Clevel. 10,027 S,092 9 ,683 12,01 3 5,601 10,574 5,230 3,526 166,866...i s 'l i 9 21^696 l 6, U ^ 9,074 30,7?S 10,164 3,167 6,197 3,088 3,901 8,595 2,7S4 M °9 9 ,g o 4,625 9 . 533 Ho]952 S,33| 77019 1 1 ,^ 6 13,771 14,153 ~S I t : 1 % S - - " 2 991 z T o U ^ --_ _ rt 7,233___ 2jtpi___ 2*920--- 15S-- 25 TO TOTAL 250,855 85,|30 ^ S °ioi-Lr? S S o E S 3^7,700 £ j> ^ > U^U 6 1031 U ! U ® 1,235 1,000 17,613 ,7 „ 0 jm 7C -z-ik iq IUI4. .j U D -- _ l 3 | --^ £ 0 -- 2*3-7|-- - 335-- Total earning assets ___ ILU 2Q-- 2jPii3--^^,15------- 1JJ& — ^ T 'rr-- ----- 1^PQQ---^ Federal reserve notes - Not 9°1 21,499 6f5 °12 ” ,T Q ? Lo e/oo? 1 158 fro. othor F. B. tanis - Set 1,H77 --“30 9^9 . ,7 5 , 'io^ ' S&S ; S. Fran 4 ,s , , g ,.g ,s g , a ,,s ,;.g ,.,a j f : ;l- «« ;3 . S 7 ,.7g T.TS2 Richm. Atlanta. Chicago St.Louis Minnls. Kas.Cy. Dallas fej3a ^ w 1 7 .^ - 1.170 19.« ° ^ 7 7 2*641 2 9 /^ 3 2^931(a) 12,995 *108 ' 9,805 L I A B I L I T I E S c o i t a l pr.ia in 2 3, ; f i Federal reserve notes — Net Duo to other F. R. brinks - Net " Xi °TOTAL1LIABILITIES 5-‘ J° 5,155 —— -,4,531 i J ;^ — « . $ 5' S ? ^,357 25,579 i o ;| i 3,03“ — 7,486 404 -- 210,995 32,448 3 M ^3 -29 2,teo :| , >5 -105 2 5 ,1 4 8 1 9 ^ 5 6, 6U5 2,7<o c,5Ho 3,026 2,75jj 3,9te g ,= 9 9 * .n » « * t * » ,« « « . * ^ * - * ~ y m ___ 62,321 * ~ I g ^ O 1? 1 7 ^ 1 5 _ 124 19/30Q . . 21,077 22,374 5,0 7,512 2J.64l 5,669 32!o66 186,164 l i EMORANDUM. F, R. notes issued to the banks.10,020 94,240 9,160 H ^ 0 0 15,030 X^ J 3 0 ^>3°0 , 95-- „ ‘ F. 11. notes in hands of banks 901___ iLt3^Q--- 615--- 6lg— .,§ o|— . f . 7, notes in c ir c u l a t i o n ^ n a _ Z 2 .f r » Gold arf lr-vlul r.ioney -.Tith ,lgontlO,G2D ‘ ri^d to net liabilities -r i .d to :'-.t c « t . 9 H .M 9 -- M g 9,160 -- — ^ i o S ' i V ^ I V I Q .g o lU .3 U g l 6 ,o g 2 ,? l U 11,200 ~ 9,310 14,200 ^ 4,3oO rrr o . ^ t a ^ o u n t , ^uo frc:.'lo ,3 o,950 l ^ ^ O ip 7Q1 o ,2 1 g 12,731 .,<W> 1 ^ , 7i40 1 20q in PR4 l4.46l l O .g g ^ ^ 3^21 1 _ _ _ ^ -U <9lW 2 j i h l _ 29^ 9!i 3 ouSte iuo to 0thjr">. ,T. b-^to. Released for publication Sunday morning January 16, Boston Federal reserve notes': Received from the Comptroller Returned to the Comptroller 500 Chargeable to F. R. Agent Not earlier. «• STATEMENT OF FEDERAL RESERVE AGENTS’ ACCOUNTS AT CLOSE OF BUSINESS JANUARY 1^, 1916. ( In thousands of dollars) N. Y. Phila. Clevel. Richrn. Atlanta Chicago St.Louis Minnls.Kas.Cy. Dallas S.Fran. 108,240 15,480 -- 6&0 18,880 108^240 In hands of F. R. Agent Issued to F. R« bank $19,320 1916. 14,840 13,000 17,000 120- 12,880 20,400 - - 14,000 5,^80 10,020 3k,2kQ 3,160 11,200 l60 10,070 -- 530 - - 1,680 1,970 r 9,^00 120- - 17,000 20,U00 8,S 6o 9,3^0 9,260 -- 9,^00 4,880 650 2,270 ___ 19,000 ,, 13,000 5,000 _/•« 11,360 07c lion 275,4-0 .6 1 230 1,671 13,000 19,519 11,130 273,7^9 2,000 4,909 2,820 5^,719 11,000 l4,6l0 8,310 219,030 9,5^0 - - -- 19,000 19,580 TOTAL less AgentUf 0r^ redemp t ion * R* 15,030 18,130 4,380 8,950 1^,000 Amounts held by F . R. Agent: A In redviction of liability on outstanding notes: Gold coin and certificates 10,020 Credit balances: In gold redemption fund With Federal Reserve Board 9^,189 -- -- - - -- As security for outstanding notes: Commercial paper -T OT AL 10,020 9^,240 . A ' ____ 51 _ •. — 5,000 -- 9,310 13,700 -- -- 5,720 3 , 93° 15,030 12,130 5,778 3,930 51 ^Amount of commercial paper delivered t , Federal Reserve Agent - http://fraser.stlouisfed.org/ Federal Reserve ' * . Bank of St. Louis — 500 9,160 11,200 - - -- * . -- 120 4,260 3,950 10,000 2,000 -- -- -- 5,00.0 4,000 . ............................ 4,380 8,950 14,000 -- - - 7,000 ~ 1,900 8,310 58,480 2-000 3,170 -- H*,S 71 11,000 14,610 2,310 219,030 3,810 tp- - Kno 15,572 , ein - - 145,029 2,003
@FedFRASER