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Released for publication Sunday morning June 18, l$l6 - Not earlier 702. STATEMENT FOR THE PRESS. June 17, 1916. The Federal Reserve Board made public today its regular weekly statement showing the condition of the Federal reserve banks as at close of business on June 16, 1916. Both gold and total reserves show substantial increases for the week. Net bank deposits increased 9*5 millions; Government deposits, 4.2 millions; acceptance# on hand total about 65 millions, having nearly doubled within the past 3 months. With the exception of Dallas, which reports gains of 90-day and 6month paper, the baaks show but few changes in their holdings of discounted bills. Agricultural and live-stock paper maturing after 90 days (6-month paper) totals $4,613,000 and constitutes over 22#5 P e r cent of the total discounts held by the banks# This share runs as high as 63 per cent in the case of the Minneapolis Bank, 36 per cent for Dallas, about 29 per cent for Kansas City, and about 26 per cent for Chicago, these 4 banks reporting about three-quarters of all the 6-month paper on hand. The amount of acceptances held by the banks increased $6,760,000* during the week, the increases affecting more or less uniformly all the banks active in this field* Of the total bills on hand, over 35 P e r cent mature within 30 days, and over 33 P 0 r cent after 30 but within 60 days* Four banks report additional purchases of United States bonds, the total owned showing an increase of $684,000 since the end of the preceding week. The amount of one-year Treasury notes held by the banks remains unchanged at $4,190,000* Municipal warrants on hand decreased over 1 million, Philadelphia and San Francisco reporting liquidation on a large scale of this class of paper. The total earning assets of the banks increased 6.7 millions during the week, and constitute now about 3OO per cent of the aggregate paid-in capital, compared with 288 per cent the week before, and 237 per cent about thr^e months previous• Of the total earning assets, acceptances constitute 39*^ per cent; United States bonds 32*2 per cent; warrants, 13*4 per cent; discounts, 12.4 per cent; and Treasury notes, 2.6 per cent * Substantial increases for the week in Government deposits are reported by all the banks, except Richmond# The largest gains in member bank deposits are shown for the Chicago, Boston, New York and Philadelphia banks* There has been practically no change in the amount of Federal reserve bank notes in circulation* Federal Reserve Agents report a total of $179,802,000 of Federal reserve notes issued to the banks• Against this total they hold $170,875,000 of gold and $10,766,000 of paper. The banks report $154,459,000 of Federal reserve notes in circulation. Their aggregate net liabilities on notes issued to them by the Agents are given as slightly in excess of 8 million dollars. s-,d3.L for pub] icat v n Sunday morning June 18, 1116. Not earlier. [02.a. ^STAIEMMI 1 OF COIIEIMED.RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS OF THE UNITED STATES AT CLOSE OF BUSINESS JUNE l6, 1916* j" R E S O U R C E S . June 1 1 9 1 6 June 9, igi6 March 17, 1916 Gold coin and certificates in vault $262,0^2,000 255,444,000 253,880,000 'Gold settlement fund 104,101,000 10],481,000 78,970,000 Gold reception fund with United States Treasurer.... 1,811,000 1.703,000 1.621,000 Tot a1* gold reserve 167,986.000 360,628,000 33^,^73,000 Legal tender notes, silver, etc 11,622,000 ' 18.055,000 11,104,000 Total reserve 381,6?5570QC 378,683,000 3^5,777,000 Five per cent redemption fund against F. R. bank notes. 450,000 450,000 151,000 Bills discounted and "bought: Maturities: Within 10 days 12,050,000 10,030,000 6,773,000 From II to 30 days 18,551,000 21,061,000 12,128,000 " 31 to 60 days 28,727,000 24,310,000 20,511,000 " 6l to 90 days.... • • . 21,434,000 18,890,000 16,272,000 Over 90 days 4,6ll,000 4,052,000 2,0l6,000 Total. 85,375,000 78,343,000 57,700,000 Investments 1 United Spates "bonds. «• 52,875,000 52,191,000 39,213,000 , One-year United States Treasury notes... 4,190,000 4,190,000 ....... < Municipal v/arrants 22,067,000 21.045.000 11.0l4,000 Total earning assets 164,507,000 157,819,000 129,947,000 Federal reserve notes — i^et24,419,000 23,923,000 24,608,000 Due frem Federal reserve "banks — Met . 21,3^5,000 17,750,000 16,248,000 All other resources...... ...» 5,538,000 5 jlt>6jOOO 4,877,000 TOTAL RFSO URGES ..... $597,8^7,000 58],791,000 521,608,000 L I A B I L I T I E S . / Capital paid in. 5^,864,000 5^,86^,000 5^,937,000 Government deposits... 55^75j^OOQ/f 51,578,000 32,380,000 Reserve deposits » 3ot %77,2*31000 467,780,000 42),259,000 Federal reserve notes — Net .......... 8,003,000 7,593,000 10,203,000 Federal reserve "bank notes in circulation*,.........*1,7 26,000 1,730,000 681,000 All other liabilities 260,000 247,000 148,000 TOTAL LIABILITIES $597,832^00 ^ 583,791,000 521,608,000 Gold reserve against net deposit and note liabilities (A) 70-8$ 70.8$ 74.4$ Cash reserve against net deposit and note liabilities (A).... 73*^ 74*4$ 76*9$ Cash reserve against net deposit liabilities after setting <aside 40^ gold reserve against aggregate net liabilities bn Federal reserve notes in circulation (A) -. * 74*0$ 74*9/ 77*8$ (A ^£Witems transit between Federal reserve "banks, viz: $21,365,000 17,750,000 lb,248,000 December 17, 1915 257,373,000 76,3)0,000 1,184,000 33^,887,000 26,978,000 361,865,^'Ov . June 18, 1915. 216,101,000 29,360,000 1,060,000 246,521,000 48,916,000 295,^37,vOO , . ^ , 6,742,0v0 ) 14,383,000 12,379,000 ( 18,190,000 9,980,000 11,494,OjO (^i 226 000 1,891,000 i— 52,696,000 35,589,000 14,523,000 . 7,208,000 11,600,000 80,819,000 20,939,000 21,331,000 4j322,Q0u 489,276,000 9,664,000 52,461,000 7,753,000 8,145,000 — b j533/OOQ 370,329,000 5^,900,000 15,000,000 397,879,000 l4,461,000 * ««» ? 7.016,000 489,276,000 82-5/* 89*1$ 5^,201,000 * ••• * 299,361,000 12,100,000 . 90*9/ 21,331,000 4,667,000 370,329,000 81.3^ 97*4$ 99*8$ 8,145,000 S*6lau'i-3<3 for yublicaviu a ^.aiay morning June 18, 191b. Not earlier, ' WEEKLY STATEMENT OF RESOURCES AMD LIABILITIES OF EACH OF THE TWELVE FEDERAL RFSEiHEBANKS (in thousands of dollars) Boston N. Y. Phila. ClevelRichiru Atlanta Chicago R E S O U R C E S . $6',57 5 156,824 8,879 12,505 5,036 6,235 4O,L54 Gold coin end certif.in vault 14,216 3,678 12,424 11,731 13,851 4,880 8,315 Gold settlement fund 250 50 36 417 490 200 Gold redemption fund 9,022 48,769 24,272 11,655 19,304 160,752 21,353 20,796 Total gold reserve 2,646 1,032 276 5,818 1,089 171 _528 Legal tender notes,silver, etc. _ 221 20.967 166.570 21,629 25,361 19.497 12,251 51.415 10,054 Total reserve 5^ redenpt.fund - F.R.bank notes 1,808 4o4 577 2,792. 279 589 5,313 338 Bills discounted - Members 806 1,626 3,935 jJm. 22.086 10,214 4,159 Bills bought in open market JL231 4,012 11,575 22,490 10,803 4,438 6,119 4,418 5,743 Total "bills on hand 1,684 1,605 6,706 3,488 9,753 2,959 3,082 3,538 Investments: U. S = bonds 380 462 456 350 250 1,532 One-year U. S. Treas.notes 876 60 3,262 4,628 2,670 2,787 Municipal warrants 4,g7 8,240 6,452 18,758 8,227 17,577 32,138 17,590 15,661 Total earning assets 1,228 1,729 1,643 13,984 <36 303 83O Federal reserve notes Net ; 3,800 4,901 1,618 839 4,771 775 ^ Due froE other F. R« banks — Net 5,373 382_ 469 412 _1Z2_ 1,111 All other resources _Z9 335. 2 1 44,826 213,087 44,765 42,512 29,527 22,298 77,272 23,691 TOTAL RESOURCES 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 in circulation Due to other F, R. banks - Net All other liabilities TOTAL LIABILITIES 4,925 3,^33 36,397 21 44,826 11,281 12,757 184,776 5,216 4,392 35,150 5,966 824 35,722 3,355 7,029 14,899 4,181 2,469 8,266 11,444 6,673 5,3^1 65,258 2,790 2,968 17,933 702 b, riJNE 16, 191b. rem Kas.Cy* 3,809 4,249 4,564 8,344 10 78 3'7.S%_9 11,03^6, 12,671 12,/C3 13,b_22 690 j 167 11,716 12,838 13,71?—15,591 11 r\c\ PnPJ 450 - - a 1/ 400 20,427 1,907 817 6^,948' 1,168 1,742 85,375 4,941 2.559 3,075 5,202 9,828 3,111 3,609 52,875 3,512 4,190 410 350 22,067 1,626 422 1,219 7,640 11,735 8,313 10.176 164,507 2,057 24,419 1,909 l,84j(a)21,365 817 946 135 466 5,53s, 1,739 211. 2 2 , 3 ^ 28,256 23,819 29,802 597, Minnl 2,576 786 18,9^8 2,005 1,214 21,560 751 1,726 4,273 213.087 M E M O R A N D U M . 70,447 F. R. notes issued to the banks 10,391 830 13,984 F. R. notes in hands of banks 9,561 56,463 F. R. notes in circulation 70,447 Gold and lawful money with Agent 10,391 13,984 .830 Carried to net assets DigitizedCarried for FRASERto net liabilities http://fraser.stlouisfed.org/ „ (a) Items in transit i. Federal Reserve Bank of St. Louis 44,765 42,512 il 29,527 J22 22,298 77,272 23.691 2 2 , 3 ^ 28,256 2,675 6,055 11,973 3,071 3,933 2,686 23,183 45 23,819—29,802 54,864 55,751 477,2%Ld 8,003 1 1,726 260 • 597, 9,772 179,802 2,057 25,343 1,643 489 111 154,459 7,715 9,580 12.612 6,465 9,787 9,772 170,875 6,878 7,201 10,090 5,399 14,255 24,419 2,057 1,228 1,643 303 736 8,003 251 3,071 4.181 - e. total amounts due from less total az&ounts due to otner Federal reserve banks * 7,201 10,090 10,069 14,255 3,655 1,729 1,926 3,655 1,729 6,878 1,228 5,650 13,089 1,909 11,180 13,089 1,909 9,231 334 8,897 8,146 14,724 101 14,623 11,552 ^3loa&ad for publication morning J'cuie lo, igiC. Not earlier. 702 c. STATEMENT OF FEDERAL RESERVE AGENTS5 ACCOUNTS AT CLOSE OF BUSINESS JUNE l6, l$l6. (in thousands of doliaru) 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. R. Agent for redemption Amounts held by F. R. Agent in redemption of liability on outstanding notes: On hand: Grcld coin and certificates Credit balances: In gold redemption fund With Federal Reserve Board H. Y. Phila. Clevel. Richm. Atlanta Chicago Amount of commercial paper delivered to Federal Reserve Agent 1 4 4 23,580 13,320 293,740 960 281 851 1,912 748 49,897 8,536 8,640 18,719 12,149 21,668 12,572 243,843 4,096 4,881 1,762 5,630 2,918 6,944 2,800 64,o4l 14,255 3,655 6,878 13,089 9,231 14,724 9,772 179,802 2,850 10,120 4,000 9,540 345 378 619 446 732 322 10,358 13,450 3,310 3,650 2,350 3,700 ' 1,280 9,450 45,700 15,480 13,360 17,000 20,400 9,380 2,809 30,993 3,299 1,570 3,581 2,049 844 17,571 83,247 12,181 11,790 13,419 18,351 7,180 17,800 4,980 1,700 3,350 10,391 70,447 7,201 10,090 10,069 9,700 65,817 3,330 9,460 691 4,630 461 630 — — 3,410 - ' - As security for outstanding notes: Commercial paper Total 13,000 119,240 — 805 299 5,100 4,670 10,391 70,447 7,201 10,090 10,069 4,857 TOTAL 9,600 19,000 $20,380 — St. Louis1 Minnls •Kas-Cy. Dallas S.Fran. 14,255 — — 3,655 — — 6,878 13,089 — — 1,085 3,172 9,231 14,724 1,093 4,816 114,817 — — 9,772 — — 8,927 179,802 10,766
@FedFRASER