Full text of H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks : July 9, 1916

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«
Released f o r p u b l i c a t i o n Sunday mornings J u l y 9 , IQlS. Not E a r l i e r #
STATEMENT FOR THE PRESS#
J u l y 8, 1916.
The F e d e r a l Reserve Board made p u b l i c i t s r e g u l a r weekly bank
statement as a t c l o s e of business J u l y J,* 1916* Owing t o the i n t e r r u p t i o n of t e l e graphic communications with Mew O r l e a n s , the f i g u r e s
or the A t l a n t a bank and i t s New Orleans branch a r e given as a t close
of b u s i n e s s J u l y 5*fch, thd l a t e s t d a t e f or which m a i l r e p o r t s have been
r e c e i v e d a t t h e Board $ s o f f i c e s #
The s t a t e m e n t i n d i c a t e s gains of about 18#5 m i l l i o n s in t o t a l
r e s e r v e s , and of 9*1 m i l l i o n s in t h e combined gold r e s e r v e s of the banks,
ue i n p a r t to t h e l a r g e d e p o s i t s made by t h e Government during the
p a s t week, mainly with the New York bank * The only c o n s i d e r a b l e dec r e a s e in r e s e r v e s i s r e p o r t e d by the Chicago bank, which shows, howp V e r i i n c r e a s e s of about 1*5 m i l l i o n s i n e a r n i n g a s s e t s and of about
mi l i o n s in t h e n e t amounts due from o t h e r F e d e r a l Reserve Banks *
m, .
Discounts on hand i n c r e a s e d about $800,000 during t h e week,
icago and Minneapolis r e p o r t i n g l a r g e i n c r e a s e s in t h e i r h o l d i n g s
+
r e d i s c o u n t e d in p a r t f o r member banks in farming communi*S
ver
P e r cent of a l l d i s c o u n t s i s r e p r e s e n t e d by a g r i c u l t u r a l
n , *.
of
maturing a f t e r 90 days. D a l l a s r e p o r t s $ 1 , 8 5 ^ 0 0 0
pa?6r
of v i i
nS
^ i c h i s about o n e - t h i r d of the t o t a l amount
mir ^
^
Almost $1,000,000 l e s s of open-market
are
°
I d , a l l the f o u r E a s t e r n banks and San F r a n c i s c o
r e p o r t i n g s m a l l e r f i g u r e s than t h e week before* Of t h e t o t a l b i l l s
^
f i n c l u d i n g acceptances 31#2 per cent mature w i t h i n 30 days,
3 *4 per cent a f t e r 30, but w i t h i n 60 days*
United S t a t e s bond t r a n s a c t i o n s are r e p o r t e d by two banks,
tne t o t a l h o l d i n g s showing a decrease of $350,000. As t h e r e s u l t
0
on conversions f o r ^ t h e P h i l a d e l p h i a bank t h e holdings of Treasury no es i n c r e a s e d $356,*0001 Over 2*5 m i l l i o n s were added t o t h e
amoun of warrants h e l d , Chicago, New Y o r k , P h i l a d e l p h i a and San FranISCG r e p o r t i n g the l a r g e s t i n c r e a s e s * The t o t a l earning a s s e t s are
now i n excess of 17^,5 m i l l i o n s , a gain of 2*4 m i l l i o n s f o r the week,
ana c o n s t i t u t e 3I8 per cent of t h e t o t a l & a i d - i r c a p i t a l , as a g a i n s t
j
per c e n t , shown the week before* Of the t o t a l e a r n i n g a s s e t s ,
acceptances r e p r e s e n t 40*2 per c e n t , United S t a t e s bonds, 30#1 per
cen , warrants 14*5 P^r c e n t , d i s c o u n t s 12*6 per cent and Treasury
n o t e s 2,6 per c e n t . Government d e p o s i t s i n c r e a s e d 13*3 m i l l i o n s during the
wee , and c o n s t i t u t e a t p r e s e n t n e a r l y 20 per cent of t h e t o t a l deX S - 7 ^ r ^ ^ e c ^ e r a l Reserve Banks* Bank d e p o s i t s i n c r e a s e d
about 7 , b m i l l i o n s , mainly through t h e c o l l e c t i o n of t h e l a r g e a moun s of checks and d r a f t s d e p o s i t e d by the Government at the close
.0
a s t month and t r e a t e d as deductions from bank d e p o s i t s i n l a s t
week's statement*
No change i s shown in t h e amount of F e d e r a l Reserve Bank
Federal Reserve Agents r e p o r t a t o t a l of $179,
f e d e r a l Reserve n o t e s issued t o t h e banks, an i n c r e a s e of
?
? ^or
week, f i v e banks r e p o r t i n g a d d i t i o n a l i s s u e s of
n o t e s during the week. Against t h e t o t a l i s s u e d t h e Agents hold a t
p r e s e n t $1d8^00o.;000 of gold and $11,305/000 of paper* The banks
r e p o r t $154,635,000 of F e d e r a l r e s e r v e n o t e s i n c i r c u l a t i o n , or an
i n c r e a s e during the week of $2,441,000, The bank&* aggregate n e t
U
^°a n o * 6 s issued t o them by the Agents are given as
99*992,000, or $552,000, more than t h e week b e f o r e ,
70?




leased. t o r ruuxxear :.on ".'unci^y morning u «.vy
-Jt
_ Sox e a r l i e r --^STATEMENT 01 COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS OF THE UNITED STATES AT CLOSE OFBUSINESS v'.LT 7/ IS l b .
• •
#
July 9, 1915'
January 7, 193-6
A p r i l 7/ 1916
RESOURCES .
July 7, igi6(X) June 30, 1916
218,021,000
272,018,000
245,778,000
Gold c o i n and c e r t i f i c a t e s - in v a u l t
$261,242,000
262,038,000
47,106,000
81,150,000.
80,011,000
Gold s e t t l e m e n t fund
122,600,000
112,931,000
1.116.000
1,250.000
1.^49,000
Gold redemption fund with United S t a t e s T r e a s u r e r ,
*
2.011.000
1,789,000
266,243,000
354,418,000
327,338,000
T o t a l gold r e s e r v e
385,853,000^
376,758,000
22.494.000
12.888.000
11.600.000
Legal t e n d e r n o t e s , s i l v e r , e t c . 36,882,000 X
27 .448,000
288,737,000
367,306,000
338,938,000
Total r e s e r v e . .
422,735,000
404,206,000
350,000
Five p e r cent redemption fund a g a i n s t F- R. bank n o t e s .
4-50.000450,000
B i l l s d i s c o u n t e d and bought:
6,605,000
6,911,000
- M a t u r i t i e s : Within 10 days
7,967,000
11,451,000
) 13,008,000
14,074,000
13,558,000
From 11 t o 30 d a y s . . . . .
20,794,000
16,539,000
11
"ll,367,000
17,715,000
21,930,000
31 t o 60 days
31/666,000
28,492,000
8,557,000
13,247,000
20,134,000
" 6 l t o 90 days
27,292,000
30,614,000
1,745.000
1,918,000
1J351.Q00
Over 90 d a y s . .
4.412,000
5.187 ,000
36,677,000
64,384,000
55/579,000
Total....
"
92,131,000
9 2,283,000
7,898,000
16,734,000
45,226,000
Investments; United S t a t e s bonds
*
52,589/000
52,939/000
1,932,000
One-year United S t a t e s Treasury notes
4,546,000
4,190,000
11.895,000
17.097,000
.35,256,000
.A
Municipal w a r r a n t s
25.216,000
...22,671,000
58,470,000
89,410,000
146,798,000
Total earning a s s e t s . . . .
;
'
174,502,000
172,083,000 S
24,156,000
21,761,000
8,379,000
F e d e r a l r e s e r v e n o t e s - Net
24,113,000
23,182,000
6,107,000
11,161,000
11,137,000
Due from F e d e r a l r e s e r v e banks - Net
20,422,000
20,4l4,000
7.078,000
1.694,000
7,237>000
All other resources
.
4.140,000...
4,622,000.
499,087,000
526,245,000
365,387,000
TO TAJ, RESOURCES.
$646,362,000
624,957,000
L I A B I L I T I E S .
,
.
54,104,000
54,843,000
54,895,000
C a p i t a l paid i n
..
5^^858,000 .
54/854,000
23,841,000
37,016,000
Government d e p o s i t s .
'
114,420,000
101,152,000
407,244,000
423,497,000
295,808,000
Reserve d e p o s i t s - N e t .
t
465,147*000
457,5p3,000
12,982,000
9,500,000
13,375,000
F e d e r a l r e s e r v e n o t e s - Net
9/992,000
9/440,000
l,251,000
F e d e r a l r e s e r v e bank n o t e s in c i r c u l a t i o n
1,721,000
1,721,000
118,000
125.000
2.100.000
All other l i a b i l i t i e s .
,
224,000
—287,000
526,245,000
499,087,000
365,387,000
TOTAL LIABILITIES.
$646,362,000
624,957,000
81. 9#
71-3$
87.8$
Gold r e s e r v e a g a i n s t n e t d e p o s i t and note l i a b i l i t i e s ( A ) . . .
67 -3%
68.8jo
73-<&
84-85®
95-3$
Cash r e s e r v e a g a i n s t n e t d e p o s i t and note l i a b i l i t i e s ( A ) - . .
74*3/"
73*8/
Cash r e s e r v e a g a i n s t n e t d e p o s i t l i a b i l i t i e s a f t e r n e t t i n g
a s i d e 40^> gold r e s e r v e a g a i n s t aggregate n e t l i a b i l i t i e s
,
86-2fo
— 74_.6^ _
- . _9I-8£_ .
F e d e r a l reservg. n o t e £ in_ci.r£ulation_(A)_i-_l74«9z>
__ .
11,161,000
11,137,000"
6,107,000
0 ($) ' Less items i n t r a n s i t between F e d e r a l r e s e r v e banks, v i z : $20,422,000
20,414,000
™
\ (X) F i g u r e s f o r A t l a n t a and New Orleans as a t c l o s e of b u s i n e s s on J u l y 5/ 1916.

http://fraser.stlouisfed.org/
Federal Reserve
4 Bank of St. Louis

"SSte-leased f o r p u b l i c a t i o n ^uftiay ^ornxng July Q, l ^ l b .
Mot e a r l i e r .
.WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH GF THE TWELVE FEDERAL RESERVE
(In thousands of d o l l a r s .
RESOURCES .
Boston
H. Y.
Phila- Clevel. Eichm-^Atlanta Chicago
Gold.coin and c e r t i f . in v a u l t
$6,276 157,227
6,721 12,86$
5,110
5,942 39,539
Gold settlement fund
16,667
4 , 7 6 l l 6 , 4 l 6 12,405 15,826
^,389
9,939
Gold redemption fund
5
200
250
462
4li
50
65
22,948 162,238 23,187 25,339 21,349 11,793 49,678
Total gold resfc ve
46
Legal tender n o t e s , s i l v e r , e t c .
1,050
31,223
1,068
172
851
115
Total reserve
22,994 191,461 21,122 26,407 21,521 12.646 50,728.
5J? rsde:npt.-f ir.d - F.R.bank notes
Bill.-, li-v. Ci-.r.t 3d - Members
2,581
89
471 5,2:8$
370
585
2,73%
B i l l s bought in open market
12.093
4,199
• 800
4,892
23,157 10,214
1»J81
6,780
12,182
Total "bills on hand
6,085
4,115
21,727 10,819
5,l6l
Invest;.':: . 1 : U.. S b o n d s
1,684
1,605
3,082
3,482
3,182
6,756
9,753
One-yaar U,S„Treas.notes
818
456
250
1,532
350
4,416
60
i p a l war-rants
5,ioo
-2^595*. 6,010
2,215
Total ourm^g a s s e t s
18.109
34.751 17,054 17,219
8.206
6.149 20,949
Federal reserve notes - Net
9^6
14,997
481
187
- 1,605
1,658
Due from other F. R. banks - Net 5,831
- 8,067
1,749
1,224
902
7,454
All other resources
102
244
l60
412
149
l.l60
549
TOTAL RESOURCES
48,022 241.453 49.084 45.974 11.100 22,462 81,338
w.

Mm

L I A B I L I T I E S .
Capital, paid in
Government deposits
Reserve deposits - Net
Federal reserve notes - Net
F. R. bank notes i n c i r c u l a t i o n
Due to other F- R« banks — Net
All other l i a b i l i t i e s
TOTAL LIABILITIES
MEMORANDUM,
F. R, notes issued to the banks
F. R. notes in hands of banks
F. R. notes in c i r c u l a t i o n

—

729 b .
BANKS AT CLOSE OF BUSINESS JULY 7, 3,916.

St.Louis Minnls. Kas.Cy Dallas S»Fran«
Total
5,013
6,210
4,261
5,248
6,826 261,242
5,878
5,777 10,587 10,002
8,953 122,600
108
10
10
159
32,011
259
10,999 12,017 15,007 15,509 15,789 385,853
1,127
298
809
11
16,882
|
90
12,126 12,115 15,097 16,118 15,800
400
50
. 450
1,126
1,900
, 613
5,697
, 532
21,983 "
2,008
6,287
4,067
830
70.148
4,680
6,819
1,134
2,730
- 92^ l ^ l • **—
5,697
3,H1
3,609
9,853
2,959
3,513
52,589
~
4i0
4,546
38O
350
480
1,008
2,062
— —
1,270
25 ,216 H 9,289
8.005 11,471
8,808 12,490 374,502.
1,364
1,079
- - 1,75°
24,113
2,386
1,357
2,054
226
2,878(a)20,422
4l!
86
183
427
255
4 l40
25,578 22,842 31,207 25,629 31.179 646.162
—*

—

—

—

—

4,925
11,281
5,216
5,966
3,357. 2,468
6,668
2,790
2,576
2,999
2,679
3,933
5M58
6,320
40,399 10,747
3,377
8,524
9,678 11,929
5,221
774
3,221
6,722
5,503 114.420
34,677 178,067 3 3 , 0 7 8 . 3 6 , 6 3 1 14,950 10,315 62,741 17,567. 19,492 22,078 11,813 23,738 465,147
- -•
- - 4,189
- - - - 1,188
4,615
- 9/392
- - - - —
- - - r
- 1,721
- —
1,.721
— 13,706
- - - — - — — —
— - - —
100
— 4l
— 80
1
- ~ ~
~ ~
- - - 22_4_
4a.022 241.451 49,084 45,974 11.100 22,462 81,118 25,578 22,842 31,207 25,829 13,179 646,162

8,160
6,768
9,649 13,998 " 3,633
9,887
71,060
10,663
i.6or
1,164
481
187
1,658
431
986
14,997
9,218 12,39 V. .1,975
5,404
9,700
56,063
7,673
9,677
, ,
. , '
_ '
.
5,0%) 13,998
3,633
6,768
Carried t o net a s s e t s
986
14^997
481
187
- 1^605
1,658
1,364
—- ^ ~
4,189
- — ~ .
- » Carried to net l i a b i l i t i e s

(a) Items in t r a n s i t i - e . t o t a l amounts due from l e s s t o t a l amounts
due
http://fraser.stlouisfed.org/
x —Figures f o r A t l a n t a and Naw Orleans a?' r.« s l s s e of business on
Julv 5# lQ?-5«
Federal Reserve Bank of St. Louis

—•

12,625
1,079
11,546
12,625
1,079
- to o t h e r

9,292 14,319
142
- 412
9,150 13,907
7,962
9,292
- 1,188
4,6l5
Federal reserve

9,729
1,756

179,783
25,098"
154,689
7,971
9,729 168,806
1,756
24,II3
—
9j992
banks»

Released f o r pv.V,._ .. , v . ,

c o m i n g J u l y 9, 1916*

Not E a r l i e r ,

•

•

729 c .

STATEMENT OF FEDERAL RESERVE AGENTS'- ,«CCOUNTS AT CLOSE OF BUSINESS JULY 7, 1916*
( i n thousands of d o l l a r s )
Boston
Federal reserve notes:
Received from t h e Comptroller

23,580

13,320

295,5^0

1,035

2,67-2

791

54,286

18,655

11,965

20,908

12,529

241,254

1,762

6,030

2,673

6,589

2,800

61,471

6,768

12,625

9,292

14,319

9,729

179,783

2,850

10,620

4,000

8,040

C l e v e l . Richm. A t l a n t a Chicago St * Louis Minnls. Kas.Cy. D a l l a s

$20,380

119,240

15,480

15,160

17,000

20,400

9,380

9,600

19,000

13,000

3>97

32,380

3,600

1,773

3,951

2,306

866

1,070

345

16,883

86,860

11,880

13,387

13,049

18,094

8,514

8,530

6,220

15,800

3,720

3,500

3,4oo

4,096

4,881

10,663

71,060

8,160

9,887

9,649

13,998

3,633

9,700

63,817

4,090

9,330

963

7,243

3 80

557

Chargeable t o F. R. Agent
In hands of F. R« Agent
Issued t o F. R. bank l e s s
amount r e t u r n e d t o F. R.
Afeent f o r redemption
Amounts h e l d "by F . R« Agent
in redemption of l i a b i l i t y on
outstanding notes:
On hand:
Gold coin and c e r t i f i c a t e s
Credit balances:
In gold redemption fund
With F e d e r a l Reserve Board

-

As s e c u r i t y f o r o u t s t a n d i n g n o t e s *
Commercial paper

—

3,690

—

—

10,663

71,060

8,160

9,887

112,447

329

998

323

368

655

46s

722

379

13,379

4,700

13,000

3,310

3,550

1,350

3,500

530

9,350

42,980

1,330

5,027

— -

10,977

9,292

14,319

1,339

•5,128

4,620

- -

Amount of commercial paper d e l i v e r e d



TOTAL

Phila.

Returned t o t h e Comptroller

TOTAL

S.Fran.

N. Y*

9,649
4,838

13,998

3,633

6,768

12,625

9,729

179,783
11,305