Full text of H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks : November 12, 1916

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

>Released for publication Sunday morf&ng November 32, 19 l 6 .Not earlier

0 ^ ^ '

*
STATEMENT FOR THE PRESS*

November 11,

1916-

The Federal Reserve Board made public today its weekly statement
showing the condition of each Federal Reserve Bank and of the system
as a whole as at close of business on November 10, 1916*
The statement indicates large purchases during the week of bank
acceptances, the amount on hand, - $ 90, 913;000 ~ being the largest *v
ever shown in the Board-s weekly statementsTotal investments of
the banks show but lit t le change, owing to considerable sales of United
States bonds and liq uidatio n on a large scale of city warrants, mainly
New England town notes.
No appreciable changes in either gold or cash reserves of the
system are shown, though considerable sh iftin g of funds between the
banks, mainly through the Gold Settlement Fund, was affected during
the past week*
The largest transfers of gold were made by the New
York, Boston and Atlanta banks.
Gold to the amount of 6.3 millions
was transferred during the week to the Agents against Federal reserve
notes issued to the banks, the total gold holdings of the Agents
reaching thp unprecedentedly large total of $ 231 , 339* 000*
The gold
resources of. the system, including the amounts held by Banks and Agents,
stand now at $ 638, 175 * 000, which is more than 2
of the total gold of
the country held outside the United States Treasury#
Since the cor­
responding date in 1915 , when the gold resources of the system totalMti
$ 4 6 0 ,6 0 2 ,0 0 0 , the gold in the banks has increased by $ 1 0 9 /3 89>000,
while the gold with the Agents has increased by $ 6 8 ,1 8 4 ,0 0 0 *
»

Discounted paper on hand shows a decrease for the week of about
$ 300, 000,
notwithstanding the increase of over 1 .1 m illions in dis­
counts reported by the Boston bank, practically a ll other banks active
in the discount f i e l d , especially the 3 Southern banks, reporting
reduced holdings of this class of pa.per»
Of the total discounts,
about 1 -1/3 m illions is represented by members' collateral notes d is­
counted for banks, largely of the Philadelphia and Atlanta d ist ric ts.
Acceptances on hand increased about 5*8 m illio n s , New 'York, Boston
and San Francisco reporting large purchases for the week.
Of the
to tal b ill s - including acceptances - on hand about 32 per cent mature
w ithin 30 days, and 4 l per cent - after 30 but within $0 days.
Transactions in Government securities are reported by 10 banks,
resulting in decreases of $ 1 ,6 8 7 ,0 0 0 in the amount of United States
bonds and of $ 2 0 ,0 0 0 in the amount of Treasury notes on hand.
A
decrease of over 3*4 m illions is shown in the aggregate holdings of
warrants.
Total earning assets - $ 181 , 187,000 - are about $ 4 00 ,0 0 0
larger than the week b efore, and constitute 3^5 Per cent of the banks’
paid-in c a p ita l, as against 3^8 per cent about 3 months, and 3OO per
cent about 6 months previous.
Of the to tal earning assets 50*2 per
cent is represented lay acceptances; 2 1 .5 per cent by United States
bonds; 1 1 .3 per cent by warrants; 10.7 per cent by discounts; and
6.3 per cent by Treasury notes.
Government deposits declined about 5-3 m illio n s , Richmond, Chicago
and S t . Louis reporting considerable net withdrawals of Government
funds for the week.
Net bank deposits increased 4 .1 m illio n s, large
gains under th is head being shown for the Philadelp hia, Cleveland and
St. Louis banks.
Federal reserve bank notes in c irculatio n show a slight decline. The
Agents report the issue of $ 2 4 7 ,8 7 3 ,0 0 0 , net, of Federal reserve notes,
secured by $ 231 , 339,000 of gold and $1(5,735,000 of paper.Most of the banks
report largerelmounts of Federal reserve notes in circ u la tio n , the in­
crease for the week being $ 7 ,6 7 4 ,0 0 0 . The banks' aggregate l i a b il i t i e s
upon
notes issued to them by the Agents are stated as $ 1 3 ,8 8 6 ,0 0 0 .



r

Released for publication Sunday morning Novender 12 , 1916 .
Not earlier.
874 a.
ST^EMENT OF COMBINED RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS OF THE UNITED STATES AT CLOSE OF BUSINESS NOVEMBER.1 0 ,I 916 .
R E S O ' U E C E S .
Gold coin and c e r tific a te s in v a u lt ...........................
Gold settlement fu n d ......................................................................
Gold redemption fund with United States Treasurer..........
Total gold r e s e r v e .. ..................... ...................... ..
Leg?,! tender notes, s ilv e r , etc--.......................................
Total r e s e r v e................................... ......................................
Five per cent redemption fund against F. R. bank notes.
B ills discounted and bought:
Maturit i e s : W ith in 10 days.......................................................
From 11 to 30 d ay s...............................................
.31 'to 60 days...............................................
"
6 l to 90 days...............................................
Over 90 days........................... ................................
T o t a l ..........................................................................................
Investments United States bonds...................................................
One-year United States Treasury n o te s ................
^
Municipal w arrants........................... ...................... ..
Total earning asse ts. . . ....................................... ....................
Federal reserve notes n N e t . , ......................................... ................
Due from Federal reserve banks - N e t ...........................................
A l l other resources.......... ...................................................................
TOTAL RESOURCES............................................. ..............................
L I A B I L I T I E S .
C apital paid i n ................................................................................ ..
Go ve rame nt, ds p 0s it s ..............................................................................
Member bank deposits - Net............................................................... .
Federal reserve notes - N e t . ...........................................................
Federal reserve bank notes in c ir c u la tio n ..................................
A ll other l i a b i l i t i e s , ........ .......................... ............................
'.’TOTAL L IA B ILIT IE S . ......................... ................................ .! ! ! .'!
Gold reserve against net deposit and note l i a b il i t i e s ( A ) ..
Cash reserve against net deposit and note l i a b i l i t i e s ( A ) . .
Cash reserve against net deposit l i a b i l i t i e s after setting
aside 4 0 $ gold reserve against aggregate net l ia b ilit ie s

_og Federal reserve note_s jn_ circulation
..........
(A)Le^s items in transit between Federal reserve banks,viz:



10, 1916 - November 3 , 19l6
$265,897,000
278, 157^000
139,571,000
127,641,000
_ 1 . 168.000
— 1^24*000
407,192,000
4o6-,836,ooo
6,884.000
_JL312j000
414,076,000
414,148,000
420,000
450,000

November

11, 1916 .
258, 952,000
106, 121,000
1,852,000
366,925,000
11,127,000
378,052,000
500,000

August

12, 1916. November 12,1915*
238,485,000
233,430,000
62, 790,000
71,911,000
1,227.000
1,778,000
312,174,000
297,447,000
1 1 , 806.000
JL32L00Q.
329,253,000
321 , 101,000
* «« • » «
386,000

May

11,807,000
23,315>000
>*5,511,000
28,073,000
1,587.000
110 , 293,000
38, 853,000
1 1 ,3^7,000
2o.6q4.ooo
181 , 187,000
17 , 613,000
35 , 065,000
2,481.000
$650,946,000

12 , 030,000
23, 278,000
41,473,000
26, 719,000
1 , 261.000
104, 763,000
40,540,000
11 , 367,000
24,100.000
180, 770,000
17,749,000
34,778,000
1 , 071,000
650,864,000

12,425,000
26, 310,000
41,898,000
25, 388,000
' 2,950,000
108, 971,000
46,703,000
8, 351,000
27,975,000
192, 000,000
20, 069,000
16,447,000
3,731.000
610,799,000

6,802,000
18,482,000
26,124,000
14,895,000
2,900,000
69, 203,000
51 , 268,000
3,840,000
40,285,000
164,596,000
26, 053,000
15,752,000
4,105,000
531,193,000

5 , 223,000
10, 866,000
14 , 663,000
9 , 521,000
2,875.000
43,148,000
12 , 003,000
* . . • » **
22,801,000
77,952,000
19,537,000
16 , 175,000
3,275,000
446,192,000

$55,710,000
23,333,000
556,462,000
13 , 886,000
1 , 030,000
... 519,000
$650,946,000
72. 8$
74-1$

55,709,000
28,686,000
552, 386,000
12 , 627,000
1 , 031,000
425,000
650,864,000
72-9^
74.1$

55 , 130,000
53,259,000
489, 219,000
11 , 212,000
1 , 691,000
288.000
610,799,000
68 . 3$
70.4$

54,850,000
38, 153,000
427,810,000
8,402,000
1 , 751,000
227,000
531,193,000
68, 1 $
69.8 $

54,846,000
15 , 000,000
359,317,000
13, 007,000
. *• . , .
4.022,000
4 4 6 , 192,000
80.1$
88. 7$

7 1 -0$
16,447,000

70.4$
15,752,000

_____ 2 0 ^ 5 * _
16 , 175,000

--- JSj-Oi- _ _
. $35,0^5,000

______ l^zS fL _______

34, 778,000

p o is e d for publication Sunday morning November 12, 19 16 , Not earlier.
874 b;
^'WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS NOVEMBER 10, I 9 I 0 .
( In thousands of dollars)

m

tdtcaitrpf
/ c M n and cert if

S
in vault

Boston
$11,421

H. Y.
157,476
i o

f

^

^

i

6

'

i

i

9

- 6^

%

1 9 ,4 6 4 ^ 7 7 ^ ^ 3 9 3 , ’ 32',W ' ^ ; ^ '2

^ ld ? o t !l P!o l d reserve

I

*

11.007

6.204

j

i ’S

7

9

j

j

b

'

3

s

1 3 ,& 7 3
d

IM

4,446

notes

1.7 9 4

5.336

1,11*
1.878

1,221
81*

10,3^8
9.073

b42
- -p

4 l.7 21 -228.111

46,975

1^ 0

.718
1.828

i

.

l ? ,l 6 4

i

3

i

g

3

-

T

3&7
2 . 6f t

°TOTAL RESOURCES
L I A B I L I T I E S
*
Capital w A in
*
■Goverm'sii"- deposits
Member bank d ^ Jts - Net
Federal reserve notes — Net
F. R. bank notes in c irculatio n
Due to other F. R. banks - Net
° T O T A L ^ L I A B X L I T I E S

T. B .^ n o t e A s e u e d to"the tanks'

5 ,0 2 1 1 1 ,9 0 9
5 ,2 2 4
929 3 ,4 6 2
3 ,9 7 5
3 5 ,5 7 7 2 1 2 ,6 8 7 36 ,2 8 2
— -- ---- - 1 ,3 4 7
~

U

r

f ^

' T

3 8 : i i r

g

6 . O

T

265,897

o

^

12,386

1 8 ,1 6 4

4 o 6 ,8 3 6

g

^ 529

1,66?

.
i_ 10,293

824 1,517
8?1
700
963
705
580’ ^
6 1 ........29_2_ J ^ p .i___ 225__ L^§3___ 425----^_I5---K '-221

-

Total

1,070

l o t e r ^ r n t a g assets

U

e

3,875

Federal reserve notes
Net
^Due fro* o t h e r . R. tanks - »et

A

*

1
„

m

i S ^ r S 'o i e f ^ S t
Total b ills on hand
investments^ U. S.

Phila. Clevel Richm- Atlanta Chicago St.Louis Minnls. Kas.Cy. Dallas S.Fran.
15,474 15,74l 4,364 4,166 27,928 6 ,2 15
6,266 . 4,179
4,08b 8,581

^3°

10' 7”

\~ccc

o' oLi
8 , 2^

^,666

c Iiqk
5,^95

^ f 69

i' 7i7
1,717

6I ? ! 5

71h
Z.7ft

n

*

■'h^rf ) 71: \;h^
S .jjg ^ .g .

_

„

53,028 10,811

20,572 82,582 . 32,850 25,244 33,488 25 , 286 ..33;423 650,3.46

5 ,9 9 3
1 ,4 6 3
4 5 ,5 7 2
--

2 ,4 7 9
3 ,4 8 9
1 2 ,1 4 2
2 ,4 1 4

3 ,3 4 0
2 ,7 1 0
21,50 7
3 ,2 4 9

6 ,6 8 2
1 ,0 0 0
74 ,88 9

——
" M

V o k

2 ,7 9 4
1 ,4 5 2
2 3 ,7 2 4
4 ,8 8 0
—3 0 ,8 3 1

2 ,6 0 8
928
21 ,7 0 8
—_
—
- - 3 3 , 5 7 °

3 ,0 4 4
204
2 8 ,0 8 9
1 ,1 2 1

2 ,6 9 5
1 ,7 2 0
16,829
2 ,2 2 2
-1,030
- ~~
_ _
1 ,8 2 0
- " '

8 2 ,< j8 2

V

. ^

0

3 ,9 2 1
2,007
2 7 ,4 5 6
- -- q

'33 ^

8 .8

5 5 ,7 1 0
2 3 ,339
5 5 6 ,4 6 2

13,886
1,030
-_^q
2 5 ,2 8 6

33 , t 2 3 _

l i ;3 j 6
8 6 ,0 3 2
1 0 ,2 9 1
8,67>* 17,06H
2 2 ,9 ^ 5
3 ,1 5 9
1 5 ,7 5 1
1 7 ,1 5 1
1 9 , 11*
2M X7
11,1*77
2>*7,873
F. H. notes in hands of banks,1 .2 2 1
lO .q fe 6U2
367_____________ 371
1,107
1.0 7 1 ______ » ]
1 ,032
gM
ISk
2 ,3 3 2
2 0 ,2 f t
F. R- notes in c irculatio n
10 ,1 1 5
7 5 ,0 8 4 9 ,6 4 9
8 ,107
1 6 ,6 9 3 — 2 1 ,8 3 8 -----2^088— 15 / 284— 16^ 119—
'* ■
^1-- 7^17T^— i j
Gold and lawful money with Agent
11,336
86jQ 3 2
1 0 ,2 9 1
8 ,6 7 4
1 3 ,4 4 4
1 9 ,4 2 4
3 ,1 5 9
1 0 ,4 0 4 1 7 ,1 5 1
1 7 ,5 0
2<d,
~ J '-,I
Carried to net assets
1 ,2 2 1
1 0 ,9 4 8
642
3&7
- - 1 ,0 7 1
- 1 ,0 3 2
- - - 2 ,3 3 2
1 7 ,6 1 3
Carried to net l i a b i l i t i e s
______
-^249
2 ,4 l 4
- -_____ 4 ,8 8 0
--- 1,121
2,222
13*886.
(a ) Items in transit i . e . total amounts «due from lass total amounts due to other Federal reserve d ?j i k s *
Digitized for*FRASER


6

1

R ^ e a s e d for publication Sunday morning November 12, 1916.

874 c.

Not earlier.

STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS NOVEMBER 10, 19l 6 .
(in thousands of dollars)

Federal reserve notes:
Received from the Comptroller

P h ila .

C level. Richm. .Atlanta. Chicago S t . Louis M innla» Kas.Cy. Dallas

$ 2 4 ,8 8 0

15 3 ,40 0

15,800

15,160

25,000

29,4 2 0

9,380

20,580

22,500

23,220

35,320

14,920

3 8 9 ,5 8 0

6 ,5 6 4

47,608

5 ,5 0 9

3,186

5 ,8 8 6

3 ,4 8 9

1 ,3 4 0

2 ,2 4 9

729

1,861

3,973

1,543

83 ,937

18,316

105,792

10,291

1 1 ,9 7 4

1 9 ,1 1 4

2 5 ,9 3 1

8 ,0 4 0

1 8 ,3 3 1

2 1 ,7 7 1

2 1 ,3 5 9

3 1 , 3^7

13,377

305,643

6 ,9 8 0

19,760

3,300

2,050

2,986

4 ,8 8 1

2 ,5 8 0

4 ,6 2 0

2,213

6,500

1,900

5 7 ,7 7 0

11,336

86,032

10,291

8 ,6 7 4

1 7 ,0 6 4

2 2,9 4 5

3 ,1 5 9

1 5 ,7 5 1

1 7 ,1 5 1

1 9 ,1 4 6

2 4 ,8 4 7

11,477

247,873

,1 0 , 8 0 0

83,614

3 ,8 2 0

8 , l40

5 ,1 6 5

12 ,73 0

4 ,2 7 0

1 0 ,3 4 0

53^

2,4 18

611

534

209

929

871

836

1 ,2 2 1

427

10 ,3 5 0

- -

5,860

2 ,9 5 0

4 ,3 1 0

3 ,5 5 0

1 2 ,4 0 0

1 0 ,8 8 0

11,050

7 7 ,5 5 0

- -

5,3 ^7

- -

1 ,6 4 0

2 ,4 0 6

3 ,1 5 9

1 5 ,7 5 1

1 9 ,1 4 6

2 4 ,8 4 7

In hands of F . R . Agent
Issued to F . R. tanks less
amount returned to F. R.
Agent for redemption
^Amount held by F . R. j\gent
in reduction of l ia b il i t y on
outstanding notes:
On hand:
Gold coin and certificates
Crsdit balances:
In gold redemption fund
W ith Federal Reserve Board

T -

--

--

As security for outstanding notes:
Commercial paper

Amount of commercial paper delivered
>-to Federal Reserve Agent

4 ,5 6 0

—

444

86,032

1 0 ,2 9 1

8 ,6 7 4

17,0 6 4 .

3*716

--

--

i> 3 il+

13,000 1 3 , 5 5 0
3,620

Total

3 ,5 2 1

2 2 ,945

3 ,5 3 4

-

-

5 ,3 ^ 8

*




Total

N. Y .

Returned to the Comptroller
Chargeable to F. R. Agent

S*Fran%

Boston

>
:

1 7 ,1 5 1

--

1 ,6 7 4

2 , 463 /

-

143,439

-

- -

11,477
- -

l 6 ,5 3 l+ / /

2 4 7 ,8 7 3

16 , 735 .

-k
(t
Released for publication Sunday morning November 15, 19 16 . Not earlier.

|S79j

STATEMENT FOR THE PRESS.

November 18,

1916.

»
Transfers o.f the last instalment of reserves by member banka out­
side of central reserve c it ie s , due on November 16, account for the con­
siderable increases in Federal reserve banks' gold and cash reserves
and! in th e ir net bank deposits> as indicated by the Federal Reserve
Board's weekly bank statement a3 at close of business on November 17,
1916 .
Judging from the large increase in the amount of items in transit
between Federal reserve banks, a considerable portion of the additional
reserves must have been deposited by member banks in the shape of checks
and drafts on New York and other reserve city banks.
Eight "banks report
an aggregate gain of cash reserve for the week of $ 4 3 ,6 7 5 ,0 0 0 .
De­
creases in cash reserves Of $5*598>000 reported by four banks are more
than fu lly offset by increases in the amounts due these banks from
Other Federal reserve banks*
Of the $ 38, 0'/7,000 added during the week
to the banks 1 cash reserves^ $ 28, 809*000 was gold and $ 9 , 268,000 silver
and iegals*
The Sew York bank reports a total gain in reserve, of
$ 22>191 , 000, of which $ 9 ,4 6 9 >000 represents the addition of silver and
legals to the bank's reserve *
Owing to large discount operations reported by the Boston bank,
the aggregate of discounted paper on hand shows a gain for the week of
$ 3 2 4 ,0 0 0 , notwithstanding the smaller totals given by the three Southern
banks*
Acceptances on hand increased $ 6 , 876, 000, a l l the banks except
Boston reporting larger holdings of this class of paper than the week
before* .O f the total b ills - including acceptances - on hand about
35 P©r cent mature w ithin 30 days and over 39 per cent after 30 but
w ithin 60 days.
Transactions in United. States securities are reported by a l l the
banks except Atlanta, resulting in an increase by $ 262,000 in the amount
of United States bonds and a decrease by $ 1 8 0 ,0 0 0 in the amount of
Treasury notes on hand.
Further liq uidatio n of municipal warrants
accounts for the decrease by $ 2 , 097,000 in the amount h e ld .
Total earning assets are about $ 5 , 185,000 larger than the week
before and constitute 335 P®r cent of the banks' paid-in capital, com­
pared with 325 Per cent the week before.
Of the total earning assets
52«4 per cert is represented by acceptances; 2 1 .0 per cent by United
States bonds; 1 0 .6 per cent by discounts; 1 0 .0 per cent by warrants,
and 6 per cent by Treasury notes.
Government deposits 3how an increase for the week Of $ 1 ,8 3 2 ,0 0 0
Boston and Chicago reporting large gains under this head.
The gain
in net member bank deposits is $ 65 , 79 ^ , 000, which i 3 approximately the
amount of the last r.e*er>ve instalment due on November 16.
The exact
amount paid in oa account of this instalment is unknown, since many
member banks have been carrying and continue to carry excess balances
with th e ir Federal reserve banks and their payments on account of the
transfer instalment due can not be ascertained.
No change is shown i n the circulation of Federal reserve bank
notes. . A to tal of $ 2 5 5 ,7 0 2 ,0 0 0 , net, of Federal reserve notes is shown
to have been issued to the banks, an increase for the week of $7 , 829, 000.
Against this.am ount the Agents hold $ 2 3 8 ,4 5 8 ,0 0 0 of gold and $ 1 7 ,8 3 3 ,0 0 0
of paper.
The banks show$238>670,000 of Federal reserve notes in cir­
culation and a net l i a b il i t y of $ 1 4 ,4 6 8 ,0 0 0 upon notes issued to them
by the Agents.



Released for publication Sunday morning November 19, 1916 .

Not earlier.

gyg a

STATEMENT OF COMBINED RESOURCES ArJD LIABILITIES OF THE TWELVE FEDERAL RESERVE BA’TKS OF THE UNITED STATES AT CLOSEOF BUSINESS NOVEMBER 17,
^ R
Gold
Gold
Gold

E S 0 U E C E S .
November 17, 1916 November 10, 1916
^2 9 3 ,4 4 1 ,0 0 0
coin and c e r tific a te s in v a u l t ...............................................
settlement fun d........................................... ..................................
1 4 0 ,8 2 1 ,0 0 0
redemption fund with United States Treasurer..................
1 . 383.000

August 1 8 , 1916
2 6 5 ,8 9 7 ,0 0 0
1 3 9 ,5 7 1 ,0 0 0
1 .3 6 8 .0 0 0

2 6 0 ,9 2 6 ,0 0 0
1 1 0 ,0 0 1 ,0 0 0
1 .9 9 1 .0 0 0

Total gold reserve...... ........................ .......................................
Legal tender notes, s ilv e r , e t c .................................... ..................
Total reserve....................................................... ..........................
Five per cent redemption fund against F, R. bank n o te s ........
■Bills discounted and bought:

^ 35 ,6 4 5 ,0 0 0
1 6 .5 8 0 .0 0 3
4 5 2 ,2 2 5 ,0 0 0
4 7 0 ,0 0 0

4 0 6 ,8 3 6 ,0 0 0
7 ,3 1 2 .0 0 0
4 l 4 , 1 4 8 ,0 0 0
^ 5 0 ,0 0 0

3 7 2 ,9 1 8 ,0 0 0
1 6 .9 9 8 .0 0 0
3 8 9 ,9 1 6 ,0 0 0
5 0 0 ,0 0 0

M aturities: W ithin 10 days...............................................................
From 11 to. 30 days.......................................................
"
31 -to 60 d a y s . . . . ......................................... .
"
ol to 90 days. .....................................................
Over % : d a y s . . ...............................................................
T o t a l . . . . . . . . . . ............................................................................
Investments: United otates bonds................................................. .
One-year United States Treasury n o t e s ... ............
Municipal w a r r a n t s ......................................................
-f
Total earning a s s e t s ........................................................... ........
Federal reserve notes - N e t........ ................... ...................................
Due from Federal reserve banks - N e t .........................................
A ll nti.sr ..................................................................................................
_T0iAL_?.ES0bKCES^......................................... ..................................
L I A B I L I T I E S -

1 1 ,1 8 0 ,0 0 0
2 9 ,2 4 2 ,0 0 0
4 5 ,9 8 2 ,0 0 0
29, 506,000
_ 1 , 5 2 3 ,0 0 0
1 1 7 ,4 9 3 ,0 0 0
3 9 ,1 1 5 ,0 0 0
1 1 ,1 6 7 ,0 0 0
_XjL5 9 7 ,OOQ
1 8 6 ,3 7 2 ,0 0 0
1 4 ,2 5 6 ,0 0 0
5 9 ,7 7 3 ,0 0 0
— 6 ,1 2 1 ,0 0 0
$ 719 , 217,000

1 1 ,8 0 7 ,0 0 0
2 3 ,3 1 5 ,0 0 0
4 5 ,5 1 1 ,0 0 0
28, 073,000
1 ,5 8 7 .0 0 0
1 1 0 ,2 9 3 ,0 0 0
3 8 ,8 5 3 ,0 0 0
1 1 ,3 4 7 ,0 0 0
2 0 .6 9 4 .0 0 0
1 8 1 ,1 8 7 ,0 0 0
1 7 ,6 1 3 ,0 0 0
3 5 ,0 6 5 ,0 0 0
2 ,4 8 3 ,0 0 0
650, 946,000

8 , 163,000

5 5 ,7 0 4 ,0 0 0
2 5 ,1 7 1 ,0 0 0 6 2 2 ,2 5 4 ,0 0 0 14,46 8 0001,033-000
...... 5 1 9 .0 0 0
$719 , 217,000
72-3?
75-1$

5 5 ,7 1 0 ,0 0 0
5 5 ,1 1 0 ,0 0 0
2 3 ,3 3 9 ,0 0 0
4 9 ,7 1 7 ,0 0 0
5 5 6 ,4 6 2 ,0 0 0
5 0 5 ,0 9 0 ,0 0 0
1 3 ,8 8 6 ,0 0 0
1 2 ,2 9 5 ,0 0 0
1 ,0 3 0 ,0 0 0
1 ,6 9 1 ,0 0 0
____________________________ ' 290 ■
,000
650, 946,030
6 2 4 ,1 9 3 ,0 0 0
7 2 . 8$
68 . 3$
74-1$
7 1 .4 ^
*

C apital paid r n, . ....................................................................................
Government d e p o s e s . ..............................................................................
Member bank deposits - N e t . . ............................................. ...............
Federal reserve notes _ N e t....................................................... ..
Federal reserve bank notes in c irc u la tio n................ ........ .........
A ll other l i a b i l i t i e s ................................................................... ..
to tal L I A B I L I T I E S . . . . -- ................................ ..
Gold reserve against net deposit and note l i a b il i t i e s ( a ) . .
Cash reserve against net deposit and note lia b il i t i e s (A).Cash reserve against net deposit l i a b ilit ie s after setting
aside 40^> gold reserve against aggregate net l ia b ilit ie s

_cn Fader?.l reserve notes i n .c i r c u l a t i o n ^ ^ A l ^ . ^ .^ .^ .^ .^ .^ _
_
->(A) Less items in transit between Federal reserve banks,vi 2 : $59,773,000



___________ 7 5 . 0J&______
~
_ 3 5 ,065,000

2 9 ,2 6 7 ,0 0 0
4 2 ,4 0 0 ,0 0 0
2 4 ,5 8 4 ,0 0 0
2 .4 8 0 .0 0 0
1 0 6 ,8 9 4 ,0 0 0
4 7 ,0 2 9 ,0 0 0
7 ,8 8 5 ,0 0 0
2 7 .7 8 8 .0 00
1 8 9 ,5 9 6 ,0 0 0
1 9 ,8 8 7 ,0 0 0
2 1 ,0 6 8 ,0 0 0
3 ,2 2 6 ,0 0 0
624, 193,000

1$1&.

May 19, 1916November 19 , 1915 ,
2 4 6 ,8 1 2 ,0 0 0
2 4 5 ,4 0 0 ,0 0 0
7 7 ,9 7 1 ,0 0 0
6 9 ,3 ^ 5 ,0 0 0
1 .8 2 5 .0 0 0
1 .2 3 2 .0 0 0
3 2 6 ,6 0 8 ,0 0 0
1 7 .6 9 7 .0 0 0
3 4 4 ,3 0 5 ,0 0 0
3 9 4 ,0 0 0
J

3 1 5 ,9 7 7 ,0 0 0
3 2 .1 7 3 .0 0 0
3 4 8 ,1 5 0 ,0 0 0

8 ,8 4 9 ,0 0 0
4 ,6 0 3 ,0 0 0
17 , 2 8 6 ,0 0 0
1 2 ,3 2 0 ,0 0 0
25, 3 ^ 6,000
15 , 835,000
1 7 , 108,000
9 ,0 1 8 ,0 0 0
3 ,4 0 6 .0 0 0
3 .3 7 3 .0 0 0
7 1 ,9 9 5 ,0 0 0
45, 149,000
5 1 ,8 3 7 ,0 0 0
12 6 7 4 ,0 0 0
3 840 000
44 ,4 8 2 ^0 0 0
2 7 .5 1 9 .0 0 0
1 7 2 ,1 5 4 ,0 0 0
8 5 ,3 4 2 ,0 0 0
2 6 ,4 7 2 ,0 0 0
.
1 8 ,7 9 2 ,0 0 0
1 9 ,4 4 8 ,0 0 0
1 5 ,8 2 7 ,0 0 0
5 .5 9 8 .0 0 0
3 .6 6 2 .0 0 0
568, 371,000
471 , 773,000
$ 4 ,8 / 0 ,0 0 0
4 0 ,4 7 5 ,0 0 0
4 6 3 ,0 2 2 ,0 0 0
8 ,0 1 8 ,0 0 0
1 ,7 3 6 ,0 0 0
2 5 0 ,0 0 0
568, 371,000
6 6 .4 $
70 *0 $

5 4 ,8 5 4 ,0 0 0
1 5 ,0 0 0 ,0 0 0
3 8 4 ,9 9 7 ,0 0 0
1 2 ,9 2 3 ,0 0 0
. ...
3 .9 9 9 ,0 0 0
4 7 1 ,7 7 3 ,0 0 0
79-6$
ft7 *7 €

‘

1 2 -1$

70 «f$

21,0 68 ,0 0 0

197448,000

g o , 3^
157827,000

Released for publication Sunday morning Noveinber 19 , 1916 .
Not e a r lie r ,
879
,tTEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS NOVEMBER 17 , 1916 .
^
(In thousands of dollars)
Boston
N. Y.
lb R E S O U R C E S .
Phila Clevel. Richm.
Atlanta Chicago St.Louis M innls«. K a s .C y . Dallas
S . Fran.
Total
Gold coin and c e r t i f .i n vault
$ 13,518
175,243
4, 471 . 5,360 27,004
7,680
18 ,75 5
7,230
4,129
4,613
16,233
2 9 3 ,4 4 1
9 ,2 0 5
Gold settlement fund
12 ,16 1
5,031 13 ,9 6 1 1 4 ,5 3 9 1 8 ,951
3,652 26,941
6,o4o
1 4 0 ,8 2 1
8,197 14,072 11,733
5,5 4 3
Gold redemption fund
250
60
___ 5 ..
.... 50
209
247
200
52
10
in
10
157
1 ,1 8 1 '
Total gold reserve
2 5 ,6 8 4
1 8 0 ,5 2 4 3 2 ,7 6 6
30,832 23,631
5 4 ,1 4 5
13,772
9 ,2 5 9
15,457 1 8 ,7 9 8 16,019 14,758 4 3 5 ,6 4 5
Legal tender notes, s ilv e r , etc.
1 2 ,1 2 8
_____ 159
. J l l . 1 ^ 7 4 . ....
649
72 .... .341
lol
1,1 5 5
207
51
70 --16,580
^ ___
2 5 , 8 4 i 1 2 2 ,8 5 2
Total reserve
33,077
1 1 ,9 0 6
5 4 ,7 9 4
9,6 00
14,927
1 5 ,6 6 4
16,182 1 4 ,8 28 --4---------2U - 03
1 8 ,8 4 9
5 2 .2 2 51—
5 $ redempt. fund - F . R. tank no' So - 100
370
470
2,916
B ills discounted - Members
1,198
264
2,966
2,700
3 ,0 0 4
513
1
,8
12
770
285
1,979*
1,297
1 9 ,7 0 4
B ills bought in open market
1 3 ,2 8 4
1 2,04 8
1 ,4 4 4
1 2 ,575
4 ,8 0 1
6,2 0 8
1 ,7 0 1
4 ,8 5 5
2,8 7 1
1 ,0 4 8
6 ,5 3 9
97-789
10,409
Total b ills on hand
16,200
11 • 246 13,088 _ 6 ,8 0 1
4 ,4 lo
7,501 ..9,212
6 , ei4
4 ,1 7 0
2 ,4 7 1
2,860 1 0 ,6 9 4 ---11ZA.2
7,4
— L9
V1
J ,....
Investments: U. S. bofids
1,388
123
1,670
6 ,6 5 4
18
1,210
7 ,2 1 3
2,467
2,278
4 ,2 7 0
2,633
9 ,1 9 1
3 9 ,1 1 5
One-year U. S. Treasury notes
1,000
1 .. 205
1 ,1 7 4
618
1,070
824
891
700
963
500
1,517
705
1 1 , 16?
Municipal warrants
1.467
61
_
3,671
292
2,252
621
14!'.
.4 ,3 5 5 .
1,191
iJ&l.
2,011 -----18,597
77
y J JJ 1
____
Tota.1 earning assets
20^055...
1 9 ,5 2 9
10,626
8,5 1 0
7 ,9 1 2
5 ,5 5 9 _ ._9_,829 2 0 ,1 9 4
1 2 ,9 7 1
i L l.583 ..1 7 ,7 4 6
15,818
18 6 .17 2
Federal reserve notes - Net
954
8 ,4 0 9
904
316
904
1,067
1,702
1 4 ,25 6
Due from other F- R. banks - Net
9,662
7 ,9 2 8
1,708
4,019 1 5,83 3
1 ,6 7 0
3 ,7 5 7 ■ 4 ,3 1 9
7 ,5 3 3
5
,4
0
3
(a
)5
9 ,7 7 3
A ll other resources
24
1 ,7 4 8
84
298 ...... 112
544
147
28
229
194
142
6 .12 1
151
■-y
TOTAL RESOURCES
- 5 L 5 1 8 _
2.44.538 ..5 1 .6 4 8
5 8 ,1 9 4
11,102 2 1 ,5 9 5 9 2 ,4 1 2 1 1,115 28 ,881 16,7-1 2 6 ,2 1 5 18, 111 — 7i- 1~ -9* ,2
> w1
T*7«
L I A B I L I T I E S .
Capital paid in
Government deposits
Member bank oepoiits - Net
Federal re;e:- n rootas ~ Net
F. R. brrJ.
t e ;; in circulation
Due to otuei- j?«
banks - Net
A l l other l i a b i l i t i e s
TOTAL L IA B ILITIES
M E M 0 R A N D U M .
F. R. notes issued to the banks
F. R. notes in hands of banks
F- R . notes in circulation
Gold and lawful money with Agent
Carried to net assets
^ Carried to net l i a b il i t i e s

(b) Overdraft.



(a)

5.006
2 ,5 8 3

1 1 ,9 0 9
2 ,9 7 4

48,7 39

2 2 9 ; 339

210
-5L.5.3?

1 1 ,2 8 0
______954

10,126
1 1 ,2 8 0
954

5 ,2 2 4
3 ,3 2 8
41 ,12 2

5 ,9 9 3
1 ,4 6 3
5 0 ,7 3 8

1,828
146
2 4 4 ,5 1 8 -5.1,648 _ 5 § J ,9 4

3 ,3 4 0
2 ,1 8 2
22,867

2 ,4 7 9
3 ,3 8 8
1 3 ,8 4 0

2,676

3 ,8 3 9

6 ,6 8 2
2 ,9 7 2
82 ,75 5

2 ,7 9 4
1,52 5

24,223

2 ,6 0 9
778
2 5,49 6

4,773

231

8 9 ,1 7 6
8 ,4 0 9

12,255
904

8 0 ^ 6 7 - 1L.351
8 9 ,1 7 6
12,255
8 ,4 0 9
904

8,580
116
8 .264
8,580
316

3 ,0 4 4
(b) -6

31,575
1,060
1,030

2 ,6 9 5
l ,6 4 o
1 9 ,7 6 0

3 ,9 2 9
2 ,3 4 4

5 5 ,7 0 4

31,800

622,254

2,120

25,171
14,46 8 '

1,030
1 ,8 2 0

.
49 .
37
.. 23
11,102 . .2 1 ,5 9 5 _. 9.2,432

11,115

28,881

16,701

2 6 ,2 1 5

3,152
1,067

1 6 ,7 3 4
574

19,600
580

2 ,0 8 5
3 ,1 5 2
1,067

16,160
11,387

17,723
904
16,819
17,723
904

2 4 ,8 0 6
76
2 4 ,7 1 0

1 7 ,5 8 1
464
17,117
1 4 ,4 4 1

2 3 ,3 4 9
1 ,0 8 2
22,267
18 ,42 8

2* 616 ._ J u S 3 9 _

-ib.773,.

1 9 ,0 2 0
1 7 ,9 6 0
'

1,060

22,610
2,120

4o
1 8,11 1

590
7 1 9 ,21 7

11,466
1,7 0 2
9 .7 6 4
11,466.

2 5 5 ,7 0 2
1 7 ,0 1 2
2^8 ,6 7 0
238,4 5 8

1,702

14,256

Items in transit i. e. total amounts due from less total amounts due to other Federal reserve bank;

1 4 ,4 6 8

Released for publication Sunday morning November 19, I 516 .

Not earlier.

679 c.

STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS NOVEMBER 17, 1916 .
(In thousands of dollars)
Boston
Federal Reserve Notes:
Received from the Co mptroiler

$ 2 4 ,8 8 0

Returned to the Comptroller

Phila*

Clevel. Richm. Atlanta Chicago St.Lou is Minnls. Kas. Cy. Dallas S.F ran.

1 5 3 ,4 0 0

17 ,9 4 0

15 , l 60

25,000

29,920

9,380

20,580

22,500

2 4 ,2 2 0

35,320

5,685

3,280

6,069

3 ,5 4 6

1,347

2,266

757

1,907

4,003

12,255

1 1 ,8 8 0

1 8 ,9 3 1

2 6 ,3 7 4

8 ,0 3 3

1 8 ,3 1 4

21 ,743

22,313

3 ,3 0 0

1 ,3 5 0

3 ,0 2 5

4 ,8 8 1

1,580

4 ,0 2 0

1 7 ,5 8 1

23,349

3 ,1 5 2

16,734

47 , 904.

18,260

10 5 ,49 6

6,980

16,320

Issued to F. R. banks les3
amount r turned to F . R,
Agent for redemption

1 1 ,2 8 0

8 9 ,1 7 6

12,255

8 ,5 8 0

Amount held by F . R. Agent
in reduction of l i a b il i t y on
outstnading notes:
Oh hand;
Gold coin and certificates

10,600

8 7 ,0 5 3

3 ,8 2 0

8 ,1 2 0

680

2,123

675

460

Chargeable to F. R. Agent
In hands of F . R. Agent

^

6,620

N. Y -

Crodit balances:
Ir "old redemption fund
With Federal Reserve P- tra

- -

As security for outstanding notes
Commercial paper
Total
Amount of commercial paper delivered
tc Federal Reserve Agent




V3

-

-

-

-

7 ,7 6 0

-

-

3 ,4 6 0

14,920

393,220

554

84,938

31,317

13>366

3 0 5 ,2 8 2

2 ,7 1 3

6 ,5 11

1,900

5 2 ,5 8 0

17,723

19,600

24, 806

1 1 ,4 6 6

2 5 5 ,7 0 2

5 ,1 6 4

1 3 ,3 3 0

4 ,2 7 0

1 0 ,3 4 0

341

1,258

202

913

843

790

1,190

2 ,9 5 0

5 ,3 1 0

3 ,5 5 0

12,900

1 1 ,0 8 0

,

5 ,3 4 7

-

-

1 4 ,1 0 0

13,710

-

-

3 ,1 4 0

4 ,9 2 1

. . .

Total.

•

i,

146,157

416

11,050

9 ,8 9 1
8 2 ,4 1 0

2 ,1 9 6

XJj&kk

2,395

17,833

nr\ r r\r\

OQPl

3,507

4,933

5,347

1,651