The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Released for publication Sunday morning January 30, 1916, Not earlier 520, STATEMENT FOR THE PRESS * . ‘ January 29, 1916* The Federal Reserve Board made public today its weekly bank statement as at close of business on January 28, 1916» The state ment indicates gains of 9.4 millions in the total cash reserves and of 8*1 millions in the combined gold reserves of the banks* Considerable gains in gold holdings are reported by New York, Chicago, Atlanta, St, Louis and Minneapolis, while decreases in the total gold reserves are shown for the Boston, Philadelphia, Cleveland and Richmond banks« Total earning assets of the banks decreased about 1,5 millions for the week, and constitute at present 173 per cent of the total paid-in capital, compared with 176 per cent for the preceding week and about 120 per cent about 6 months ago* Bills discounted on hand show a decrease of over 1 million dollars as the result of considerable liquidation of paper reported by the Atlanta, Chicago and Kansas City banks% Dallas is the only bank which reports a substantial increase in the amount of commercial paper held, Ac ceptances on hand decreased about 1.6 million dollars, nearly all the banks reporting smaller holdings of this class of paper than the week before. Of the total bills on hand; acceptances consti tute at present 49,4 per cent, Nearly 36 per cent of the paper held by the banks matures within 30 days and about 3 5 per cent after 30 but within 60 days, Over 3,5 millions of all bills on hand was agricultural and live-stock paper maturing after 90 days, Dallas and Atlanta reporting the largest amounts of this class of paper. The total amount of warrants on hand shows but little change since last week, Minneapolis being the only bank to report/sub stantial increase under this head, A total of 1*1 millions of United States bonds, largely of the 2 per cent and 4 per cent types were purchased during the week by 5 banV.s, Of the total earning assets, bills discounted constitute 28.3 per cent, bills bought in the open market.- 27.6 per cent, United States bonds 22,5 per cent, and warrants - 21,6 per cent. Government deposits declined from 28*1 millions to 27,8 millions, the Southern banks reporting about 62 per cent of the total. Net reserve deposits increased about 8 millions, all the banks except Boston, St* Louis and San Francisco reporting larger figures than the week before* The New York bank shows a gain of 7,3 millions in member-bank deposits. Federal reserve agents report a total of 218*9 millions of notes outstanding, a decrease of 1,4 million dollars since the preceding week. None of the banks except Richmond called for additional notes, while 3* banks returned notes for redemption* As the result, the Agents report a loss of about 0*6 millions of gold. The banks show a total circulation of 179,2 millions, or 3.5 millions less than the week before. Their aggregate liabilities upon circulating notes is given as 10,3 million dollars* Released for publication Sunday morning January 30, 1916. Not earlier. 520 a. STATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS OF THE UNITED STATES AT CLOSE OF BUSINESS JANUARY 23, 19 R E S O U R C E S . January 23, 1916 January 21, 1916 259, 106, 000 Gold coin and certificates in vault ................................... 81, 620, 000 Sold settlement fund.................................................................... Gold redemption fund with United States Treasurer............... 1 , 062-, 000 341, 788, 000 Total gold reserve.............................................................. 132, 000 Legal tender notes, silver, etc............................................... 14, 920, 355, 000 Total reserve....................................................................... Bills discounted and bought: Maturities: Within 10 days..................................................... 7, 517, 000 12, 790, 000 From 11 to 30 days...................... ....................... 18, 838, 000 " 31 to 60 " .................. . .......................... 13, 115, 000 » 61 to 90 « .............................................. Ove r 90 days................................................... . 3, 608, 000 55, 868, 000 Total................................................................................ . .. ELvestnients: United States bonds............................................. 20, 242, GOO 20, 624, 000 Monicipal warrants............................................... 96, 734, 000 Total earning assets. ......................................................... 34, 895, 000 Federal reserve notes - Net............. '........................................ 13, 089, 000 Due from Federal reserve banks - Net...................................... All other resources................................................................... .. 10 , 688, 000 511, 326, 000 TOTAL RESOURCES............................... .................................. October 29, 1915 218, 224, 000 $263,865,000 61, 960, 000 84,850^000 1.146.000 / 1 , 222, 000 281, 406, 000 349,861,000 ^ 37, 058, 000 15.496.000 / 464, 000 318, 365,357,000 J July 30, 1915 January 29, 1915. 212,,988,,000 235, 417, 000 . „ *• * • • « 52,,140,,000 ,064., ,000 488, 000 1, 266,,192,,000 235, 905, 000 20, 882, 000 22,,092,,000 288;,284,,000 256, 787, 000 6, 943, 000 7,744,000 11,259,000 10, 595, 000 15, 969, 000 18,518,000 12,185,000 8, 458, 000 3.509.000 2 , 102, 000 44, 067, 000 53,215,000 10, 505, 000 21,372,000 25, 014, 000 20.602.000 79, 586, 000 95,189,000 36,469,000 19, 723, 000 10,761,000 8, 533, 000 9,994.000 3, 645, 000 429, 951, 000 $517,770,000 $12,,065,,000 ( 13,,639,,000 11,.77*,,000 3,,,249,,000 40,,727,,000 7,,923,,000 16,,107,,000 64,,757,,000 11,,029,,000 7, 078,,000 5, 904,,000 377, 052,,000 54, 838, 000 $54,892,000 15, 000, 000 27,760,000 343, 554, 000 424,664,000 10,313,000 13, 918, 000 141,000 2 , 641, 000 429, 951, 000 517,770,000 54, 181, 000 * m* 4 • * 306, 183, 000 14, 965, 000 1 . 723, 000 377, 052, 000 331, 000 4, 903, 000 5 2, 721, 000 13, 955, 000 2, 416, 000 10, 764, 000 27, 135, 000 3, 179, 000 7, 421, 000 7, 712, 000 302, 234, 000 L I A B I L I T I E S , 54, 889, 000 28, 073, 000 416, 656, 000 11, 571, 000 137, 000 511, 326, 000 Capital paid i n . . ......................................................................... Government deposits..................................................................... Reserve deposits - Net................................................................ Federal reserve notes - Net...................................................... All other liabilities................................................................ TOTAL LIABILITIES.............................................................. Gold reserve against not deposit & note liabilities (A) Cash reserve against net deposit & note liabilities ( a ) Cash reserve against net deposit liabilities after setting^aside 40$ gold reserve against aggregate net liabilities on F. R, notes in circulation ( A ) . . ..................... L'Q.ssterns in transit between Federal reserve banks viz. 77.4$ 80.8$ 8 $10,761,000 1 . 8 13,089,000 1 . 77.1$ 80.3$ , ■ 4 $ 8,533,000 - 20, 440, 000 ♦• » • • « 279, 516, 000 2, 278, 000 <• * 302, 234, 000 77.3$ 87.5$ ,84 .8 $ ' . 91.8$ 86.0$ 93.6$ 89.4$ 94.4$ 94.0$ 7,078,000 7,421,000 teleased for publication Sunday morning January 30, 1916. Not earlier. WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS JANUARY (in thousands of dollars) R E S O U R C E S . N. Y. Boston Phila. Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas. Cy., Dallas $16,548 160,184 12,347 3,140 4,045 9,696 5,205 31,67 6 Gold coin and certif.in vault 3,015 8,813 4,676 1,877 3,000 11,500 11,048 11,346 4,344 8,987 3,884 14,152 3,295 Gold settlement fund 5,882 _ 9 114 281 107 246 338 30 Gold redemption fund 21 18,434 171,644.- 15,347 21,196 16,005 9,427 45,828 7,514 12,215 13,278 Total gold reserve 8,918 1.086 6.296 1.701 3.742 58 239 1.145 139 263 224 Legal tender notes,silver,Btc. 592 19.520 22.897 175.386 16.063 9.666 7.777 21.643 46.973 9.057 12.439 13.870 Total reserve 191 209 223 359 6,748 6,081 3,033 1,067 2,869 Bills discounted - Members 1,079 4,592 _ _ 10.454 7,420 2.073 150 409 932 2.278 490 497 829 Bills bought in open market 10,663 2,296 1,291 6,490 7,611 6,898 5,311 1,896 1,569 Total bills on hand 3,366 4,592 -2,991 • 2,882 -986 25 4,830 1,474 1,666 2,188 1,295 Investments: U. S. Bonds 2.977 3.305 7.060 2.789 160 331 1.482 441 Municipal warrants 1.174 349 76 17.723 8.264 7.058 11.902 6.962 6.846 11.623 Total earning assets 4.003 4.217 5.903 5.963 894 1,025 25,185 658 1,747 941 610 Federal reserve notes - Net 2,259 -1,368 2,540 • 562 1,006 643 4,720 Due from other F. R. banks - Net 1,108 1,369 73 104 701 614 372 244 504 4.212 1.171 711 All other resources 113 1J?72 34.059 21,8^908. 32.305 32.016 25,484 18.590 63.127 18.856 17.437 20.882 20.617 TOTAL RESOURCES — - — - - L I A B I L I T I E S - - _ - - - - — 520 b. 28, 1916. S.Fran. TOTAL 4,520 263,865 5,535 84,850 _ 1.146 10,055 349,861 11 15.496 10.066 365.357 26,901 450 26.314 782 1,232 53,215 3,035 21,372 458 20,602 4.725 95.189 5,409 36,469 1,865 (.a )lO ,761 9.994 176 22,241 517.770 _ . Capital paid in Government deposits Reserve deposits - Net Federal reserve notes - Net Due to other F. R. banks - Net All other liabilities TOTAL LIABILITIES 5,158 723 28,178 11,058 5,507 195,591 5,270 597 26,438 6,752 •» — 34.059 218.908 5,938 336 25,742 3,356 5,897 11,301 4,895 2,423 6,151 8,175 1,735 6,646 893 55,588 2,549 170 14,718 3,014 501 16,247 1,120 -. — 32.016 35 25.484 106* 18.590f 63.127 8,660 11,200 658 ■ 894 8.002 10.306 8,660 11,200 14,430 375 14.055 9,160 4,895 17,790 1.855 15.935 14,200 1,735 — ■— 32.305 2,783 1,041 15,032 2,756 5,162 10,136 2,563 — 18.856 3,941 782 17,518 _ K | 17.437 20.882 20.617 22.241 8,950 13,000 941 610 8.009 .12.390 8,950 13,000 11,000 14,145 142 14.003 11,440 2, 563 11,130 5,409 5.721 11,130 54,892 27,760 424,664 10,313 141 517,770 M E M O R A N D U M . i F. R. notes issued to the banks R. notes in hands of banks R. notes in circulation t Carried to net liabilities Cai*ried to net assets'--' 10,020 1.025 8,995 ; 10,020 94,240 25.185 69.055 94,240 4,380 1,747/ 2.633 4,380 880 10.120 9,000 1,120 658 894 25.185 941 1.025 5.409 .0 * 7 4 7 , 610 (a) Items in transit i.e . total amounts due from less total amounts due to other F. R. banks. 218,945 39.721 179.224 205,380 10,313 36.469 Released for publication Sunday morning January 30, 1916. K Hot earlier. STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS JANUARY 28, 1916. (In thousands of dollars) Phila. Clevel. Richm. Atlanta Chicago St.Louisi Minnls . Kas.Cy.. Dallas S.Fran. n. Boston Federal reserve notes: Received from the Comptroller Returned to the Comptroller ^ Chargeable to F. R. Agent In hands of F. R. Agent Issued "to F. R. bank “less amount returned to F. Rc Agent for redemption Amounts held by F. R, Agent: In reduction of liability on £ outstanding notes: On hand: Gold coin and certificates Credit balances: In gold redemption fund With Federal Reserve Board $19,380 500 108,240 15,480 13,000 640 120 -- -- -- 9,380 9,600 19,000 120 - - -- 13,000 19,580 11,360 275,420 - 146 230 1,755 11,130 273,664 - 108,240 14,840 12,880 17,000 20,400 9,260 9,600 19,000 13,000 19,434 8,860 14,000 6,180 1,680 2,570 2,610 4,880 650 6,000 2,000 5,289 10,020 94,240 8,660 11,200 14,430 17,790 4,380 8,950 13,000 11,000 14,145 3,660 10,640 -- -- 3,950 10,000 2,000 9,549 -- 500 560 -- 4,500 - - 54,719 11,130 218,945 - 9,510 510 -- 10,020 / Amount of commercial paper delivered to Federal Reserve Agent -- 20,400 18,880 94,240 - As security for outstanding notes: Comas rci a.l jpaper -T O T A L 17,000 TOTAL 94,240 8,660 11,200 500 500 120 —f 8,660 13,700 5,270 3,590 14,430 17,790 5,406 3,590 4,260 4,380 _ _ - 5,000 8,950 - 2,350 13,000 - - 144,040 2,840 650 ( -- - - 7,000 1,900 11,130 58,500 2,000 2, 705 -- 13,565 11,000 14,145 11,130 218,945 2,000 3,794 -- 14,790
@FedFRASER