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> - Released for publication Sunday mbrning October 1 , 1916. • 821 Not earlier , STATEMENT FOR THE PRESS. Sept♦ 30, 1916. . Additions of over 8 3 /^ millions to the gold reserves of the F* R. banks, due largel]r to liquidation of earning aissets, are indicated by the reg ular weekly bank statement of the Federal Reserve rioard made public today as at close of business on Friday, September 2$, 1 9 1 6 * All the banks except New York, Chicago and San Francisco report substantial gains of gold,mainly through transfers on the books of the gold settleznent<un$ew York’s slight de crease in gold reserve is more than offset by its gain of silver, The bank reports the liquidation during the week of 3 . 9 millions of paper and U- Ssecurities, also the change of a favorable to an adverse balance in account with #ther Federal Reserve banks as against net withdrawals of almost 10 mil lions of deposits, Ph i l ad el phi a’ s gain of $660,000 in total reserve is due primarily to increased deposits, offset to a large extent by a decrease in its net balance due to other Federal Reserve banks. A gain of about i M millions in total reserve shown for the Cleveland bank.is the combined result of an increase by over 2 *U millions in total net deposits, the liquidation of about 0 * 9 million of paper and securities on the one hand and an increase by 1 * 9 millions in the net balance due from other Federal Reserve banks, Gains in reserve reported by the Richmond and St, Louis banks are traceable in the main to increases in net deposits, while Minneapolis1 increase in cash reserve is accompanied by a considerable reduction in its net balance due from other Federal Reserve banks, also to some increase in net deposits, All classes of earning assets show smaller totals than at the end of the immediately preceding week. Discounted paper on hand declined about 1*75 millions, Dallas, Richmond and Chicago reporting the largest decreases. Of the total discounts about $800,000 is the amount advanced by the reserve banks on member banks1 own notes, secured by eligible collateral. Acceptances on hand show a decrease of about 3*3 millions following the liquidation of considerable amounts of bankers* paper by the Eastern banks♦ Of the total bills including acceptances on h?jid Ul»9 Per cent ma ture within 3 0 days and 3^*3 Per cent - after 3 0 but within 60 days. Trans actions in Government securities are reported by 9 banks, resulting in a decrease by over 1 million in the amount of U. S. bonds and of 1.1 millions in the total of Treasury notes held. The total of municipal warrants in the hands of the banks underwent but little change, though almost all the banks report transactions under this head. Aggregate earning assets decreased about 7 » 2 millions and constitute at present 3 3 2 per cent of the banks’ paid-in capital, as against 3^5 Per cent the week before. Of the total earning assets ^ 3 * 8 per cent is represented by acceptances, 25*3 Per cent by U. S* bonds; lH . 1 per cent - by discounts; 1 3 per cent by warrants, and 3*8 per cent by Treasury notes* Government deposits show a decline of about 1 million, Chicago, Kansas City and San Francisco reporting considerable net withdrawals of Government funds for the week. Net member bank deposits increased about 3*3 millions, all the banks except Boston, New York and San Francisco showing larger net totals than the week before. Federal Reserve bank notes in circulation 3-re now in excess of 3 mil lions. The total of Federal Reserve notes issued to the banks is given as $213^967->000, an increase of $H, 189,030 during the week. Against this total the Agents hold $197,572,000 of gold and $17,05*4,030 of paper. The banks report a total of $196,538,000 of Federal Reserve notes in actual cir culation and aggregate liabilities of $ 1 3 , 2 1 6 , 0 0 0 on notes issued to them by the Agents. M m Released for publication Sunday morning October 1, 1916. Nut earlier. 3<-x a Statement of combined resources and liabilities of the twelve federal reserve banks of the united states at clcsbe of business September 29, 1916. R E S O U R C E S , September 39,1916 September 22,1916 June 30, 1916 March 31, 1916 Gold coin and certificates in vault.......................................... $260,845,000 258,711,000 262,038,000 258,052,000 117,791,000 112,931,000 7 5,640,000 Gold settlement fund............................................ ........ ................ 124,421,000 Gold redemption fund with United States Treasurer............... 1.929 ,000 1 ,94-1,000 1,789,000 1, 548,000 378,443,0*00 376, 758,000 335,240,000 Total gold reserve........................ .................................... 387,195,000 Legal tender notes, silver, etc................................. . ............ . * 7,811,000 7 ,642,00 0 27 ,448,OCO 9 1918,000 Total reserve............................................................ ........... 395,006,000 386,085,000 404,206,000 345,178,000 Five per cent redemption fund against F« R» bank notes........ 500,000 500,000 450,000 250,000 Bills discounted and bought: Maturities: Within 10 days................................................... . 21.408.000 24,378,000 11,451,000 7/126,000 From 11 to 30 d a y s ............ •............................... 23'245‘, 000 24,238,000 16,539,000 11,721,000 From 31 to 60 days................................................ 36,527,000. 37,893,000 28,492,000 21,409,000 From 61 to 90 days......................... ..................... 23.883,000" 23,594,000 30,614,000 19,453,000 Over 90 days.................................... ..................... l', 516,000 1,487,000 5,187.000 1,966,000 Total-........................................................................................ 106,575,000 . ' 111,590,000 92,283,000 ‘ 61,675,000 Investments: United States bonds................................. ............ 46,544,000 4-7,553,000 52,939,000 40,275,000 One-year United States Treasury n o t e s .......... 6,927,000 8,039,000 4,190,000 . . . J Municipal warrants.................. . ........................... ... 24,028,000 24.137,000 22,671 .000 33,015,000 191,319,000 172,083/000 134,965,000 Total earning assets....... ........................... •.......................... 184,077,000 Federal reserve notes - Net.'........... ............ *............................. 14,250,000 16,080,000 23,182,000 25,118,000 31,365.000 29,266,000 20,4l4,0C0 13,128,000 Due from Federal reserve banks'- N e t ......................... ............ All other resources........................................................................ 7,543*,000 8 ,451;000 4,.622-000 4,725,000 TOTAL RESOURCES. ........................ ...........................................$63 2,74 1 ,0 00 631,701,000 624,957,000 523,364,000 L I A B I L I T I E S . Capital ’taid in .. ............ ' . . . ....................................................... . 55,393,000 55,423,000 54,854,000 54,888,000 Ctovoj r^cnr-c deposits........................................................... ........... 38,985,000 39,947,000 101,152,000 38,469,000 Meir^r T^nk deposits - N e t . ..................................................... 521,740,000 518,456,000 457.*503,000 419,987,000 FeiercJ. reserve notes - Net......................................................... 13,216,000 14,605,000 9,440,000 8,903,000 Federal reserve bank nctos in circulation .............................. 3,033,000 2,914,000 1,721,000 964,000 All other lia b ilit ie s :............................................................... . 374,000 356,000 _________ 287,000 153,000 TOTAL LIABILITIES'.................................................................. $ 693,741,000 631,701,000 624,957,000 523,364,000 Gold reserve ag-ainst net deposit and note liabilities ( A) . . 71,4% 69*6% 68. 8% 73_.8% Cash reserve against net deposit and note liabilities ( A) . . 72.8% 71*0% 73*8% 76.0% Cash reserve against net deposit liabilities after setting asid& 40% gold reserve against aggregate net liabilities on Federal rejserv^ notes; in_cir^ulation_(A)_L-_^-JL._:L..^_._1.JL.J. ______73.6%_________________ 71*2%____________ ______________ Ta) Less items in transit between Federal reserve banks, vi z . $ 31,365,000 29,266,000 20,414,000 13,128,00*0 October 1, 1915 227,274,000 55,180,000 1,20.2,000 283,656,000 16,493,000 300,149,000 5,765,000 12,267,000 15,790,000 9,606,000 1,452,000 44,880,000 9,329,000 . . . 27,381,000 81,590,000 15,378,000 11,194,000 3,326,000 411,637,000 54,728,000 15,000,000 324,884,000 14,359,000 . . . : 2,666,000 ' '411,637,000 82. 7% 87 . 5% 89 . 6% Il7l94,000 I ^Pieasod for publication Sunday morning October 1 , 1916. Not earlier WEEKLY STATEMENT OF RESOURCES AND LIABILITIES OF EACH OF THE TWELVE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS SEPTEMBER 29, 1916. * (in thousands of dollars) * R E S O U R C E S . Boston N. Y. Phila. Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas.Cy Fallas S Fran Total Gold coin and certif. in vault $8,219 157,324 11,721 14,587 5,098 3,878 29,838 6,037 5,903 4 140 3 3 1 1 10 7 8 9 * 26 0 845 Gold Settlement Fund 15,618 11,719 16,588 13,081 13,718 3 ^ 4 0 19 623 3 401 5 289 10,736 5,111 i l l ’ I I I Gold Redemption Fund • ______5______ 250________ 50 86 439 241 200 80 30 121 417 10 n Total Gold Reserve 23,842 169,293 28,359 27,754 19,255 7,159 49,661 9,518 11,222 1 4 ,9 9 7 ~ 9 72T~~T6~412 387*195’ Legal tender notes,silver,etc. 140 _3,293 291 1.018_______ 78 575 805 1 132 203 22 *2?* ' qi 7 'ftn T o t a l rftserve 2-3.982 172 . 5 8 6 22S,6oO # ARO 9.9, 779 qqq nV 73 no*4 cTTTTT 7— --— —--------- -— ---- —.— —± Total reserve 23,9b* 1 7 2 ,58o 28,772 To 19,333 50,466 10 650 11,425 15,019 9 ^ 4 6 ..... 16,443 395 006 redsorot.uind - F. R. bank notes . . . . _ 400 100 ' 500 Bills discounted - members 806 782124 639 5,268 3,906 2,447 2,092 1,882 1,615 6 039 * 353 25 95^ Bills bought in open market 1 0 *2 4 6 _2 4 Jt529___ 11x385___ 6,563 2.346 3.127 5.647 5.543 3.051 1 416 144 6 628 80^625 Total bills_on_hand 11 , 052.. 25^jll-JJ.^509___ 7 , 202 7 ,614___ 7^033___ 8 . 094 7^635 4^9333^031 67l83----6*981 Investments: U. -S. Bonds 2,922 2.. 728. _2,662 6,254 1,019 1,508 8,303 2,694 3,307 9^617 2^896 2*634 46^544 One-vear U. S. ireas .notes 250 250 818 760 684 526 850 570 350 616 *529 ^724 6^?7 Municipal warrants JuIiL?------- 1 *M § ___ 2jS52_______ 86 289 4.138 1,510 1.277 359 . . ‘ 1 926 p a * OP* _ ' earning £-ots -- 1 7 ?375 1 6.8 68--9,403-- 9^356 21,385 12,409 9,867 13,621 9.608 12*.265 1 8 4 ^ 7 7 Federal, reserve notss - het 7o9 8,3x3 465 406 . I “ I^IlO 1341 ------------- 1 ^ 5 6 -- T T ^ n Due from other F, R. banks - Net _ 2,670 . . . , _ 4,269 1,374 57 12,524 7.430 '841 1 1492 322 l ' 07l(a)^n %fir .All other resobrcss ____ 7« 5.349 305 256 62 173 37? 275 787 K TOTAL EiBCURCSS 4 6 ^ 4 1 ^ 9 ^ 3 1 0 ^ _ 4 6 ,695 50.571 30.172 17.319 86.163 ' 30.704 83.551 "3 0 .3 7 7 33.493 il jjl L I A B I L I T I E S . 5,024 11,502 Cap.itail paid in 5,673 '3,336 Government dop os its M^rbor baak-deposits - Not 37.833 201,430 * « I'ec'era.'., reservs notes - Net F. S, bar;*: notfis in circulation^ * • 605 Due to 0 -hev 1?„ Re banks - Not * 9 148 * < % rfr-eu’ liabilities 46„241 219,310 TOTAL LIABILITIES M E M O R A N D D M . F. R, notes issued to the banks 10,337 759 F, R. notes in hands of banks 9,578 F. R. notes in circulation Gold and lawful money with Ageni 10,337 759 Carried to net assets "‘‘Carried to net liabilities 78,414 8,313 70,101 78,414 8, 313 ~5,222 6,029 33*617 •* * # • 1,739 88 46.695 7,606 465 7,141 7,606 465 5,997 2.,141 42,433 * • • * * * ♦ % 50.571 3,325 4,018 17.950 4* 763 «* * • * 116 30,172 2,491 3,858 9,883 1,065 6,687 3,124 76,351 * • • * 22 17,319 - * .85,162 2,794 3,781 21,789 2,340 m- * m « ♦ m 30,704 2,597 1,084 19,870 % m m • • * # m 23,551 3,043 1,040 24,101 1,160 1,033 30,377 2,691 2,186 11,727 3,888 2,000 * « * * 22,492 3,920 2,815 24,756 • «. • » * * 31,491 9,121 12,536 19,040 3,325 8,909 13,781 17,062 23,730 10,106 406 307 1,687 1.410 447 1,341 540 198 1,556 8 J 1 5 . 12,229 17,353 1,915 8,462 12,440 16,522 23,532 8, 550 9,121 7,466 16,288 3,325 6,122 13,781 15,362 19,644 10,104 406 1,410 • «• 1,341 1,556 4,763 1,065 2,340 1,160 4| -- ------— ->-- ----~ ------------ ------- '' .....---— ' ■gin.3,888 m i | hi T total amounts due from l 6ss total amounts due to other Federal reserve banks 55,393 38,985 521,740 13,216 3,033 374 632 741 213,967 17,429 1C J 6 , 538 197,572 14,250 13,216 c ior publication Sunday morning October 1, 1916. Not earlier. 821 c STATEMENT OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS SEPTEMBER 29, 1916. (In thousands of dollars) Boston Federal Reserve Notes: Received from the Comptroller N„ Y. Phila. Clevel. Richm. Atlanta Chicago St.Louis Minnls. Kas.Cy, Dallas S.Fran. Total $20, 380. 143,400 15,480 15,160 .20,000 26,660 9,380 12,600 21,000 22,620 33,600 13,880 354,160 5,523 40,426 4,834 2,739 5,314 3,126 1,174 1,929 589 1,605 3,569 1,214 72,042 Chargeable to F. R» Agent 14,85? 102,974 10,646 12,421 14,686 23,534 8,206 10,671 20,411 21,015 30,031 12,666 282,118 In hands of F. R. Agent , 4, 520 24,550 3,040 3,300 2,150 4,494 1,762 6,630 3,953 6,301 2,560 68,151 Issued to F. R„ Bank less fcjnaouat returned to F. R, Agont for redemption 4,881 ? // 10,337 78,414 7,606 9,121 12,536 19,040 3,325 8,909 13,781 17,062 23,730 10,106 213,967 75,715 3j 820 8,540 3,063 11,620 4,270 10,340 2,„ 699 366 Returned to the Comptroller Amounts held by F. R» Agent in reduction of liability on '^.outstanding notes: On hand: Gold coin and certificates 9,700. Credit balances: In gold redemption. fund 637 With Federal Reserve- Beard « * • * 3,420 « • 4, 560 581 416 1,178 245 549 811 692 1,224 366 9,764 a 7,050 10,550 3,080 2,510 1,350 10,400 8,080 9,740 56,180 * * 5,070 10,337 78,414 7,606 9,121 12,536 2,752 19,040 m 2,787 m m 1,700 4,086 3,325 8,909 13,781 17,062 23,730 * 16,395 10,106 213,967 s Amount of commercial paper delivered 131,628 f r As osourily for outstanding notes f# Coronercial paper TOTAL * 5,157 2,762 < • 2,788 % 1,899 4,448 * * 17,054 t Released for publication Sunday morning October 8, 1916# Not earlier* STATEMENT FOR THE PRESS. October Jj 1916 . Continued liq uid atio n of discounts and acceptances,, large purchases of municipal warrants, and considerable transfers of gold to the Agents to reduce the banks1 l i a b il i t i e s on notes issued to them, accompanied by sub s ta n tia l gains in member bank d e p o s it s ^ are indicated by the weekly bank statement of the Federal Reserve Boar op5at close of business on October 6, 1916. The aggregate cash reserves of the banks increased during the week by about & m illio n s, while to tal gold reserves show a slight decline* Com bined gold holdings of the banks and Agents are now about 592 m illions, a gain for the past s ix months of about 84 m illio n s, of which 24 millions rep resents the increase of gold in the hands of the Agents and 60 millions the increase of gold in the hands of the banks* Considerable shiftings of gold between the banks are shown, largely the result of transfers on the books of the Gold Settlement Fund* Boston reports a decrease of over 6 m illions in its gold reserve, which is due in part to net withdrawals of government and member bank deposits, the building up of large favorable balances in account with other Federal Reserve banks, and the transfer of gold to the Agent* The New York Bank reports a gain of 3*7 m illions in its gold reserve and of 9*3 m illions in total re serves, mainly from the redemption of notes by the Treasury# Chicago re ports a gain of 4*2 m illions in total reserve, following the collection through the Gold Settlement Fund of part of its favorable balance with other Federal Reserve Banks« Reductions of 1*7 millioftSfof 2*4 m illions in reserve reported by the Minneapolis and San Francisco banks, are more than offset by increases in their balances due from other reserve banks* Discounts on hand show a decrease during the week of almost 2*3 mil lio ns, Dallas and the other two southern banks reporting considerable l i quidation of paper* Acceptances on hand decreased about 3 *§ .m illio n s . Of the to tal b i l l s , including acceptances, held by the banks, 42«4 per cent ma ture w ithin 30 days and 31*8 per cent after 30 but within 60 days* Transactions in U»S* se c u r itie s , including the conversion of 2 per cent bonds into 3 P er cent bonds and Treasury notes, are reported by 9 banks, resulting in a decrease of $ 2 , 174,000 in the amounts of bonds, and of $1,~ 8 3 6 ,0 0 0 in the amounts of Treasury notes held* Aggregate holdings of war rants increased over 5 m illions, the Eastern banks reporting large pur chases of New York City notes. Total earning assets d iffer but slightly from the total shown the week b e fo r e , and constitute about 33® Per cent of the banks1 paid-in cap ital, as against 33^ per cent shown on September 29* Of the aggregate earning assets 42*2 per cent is represented by acceptances; 24*2 per cent by U. S* bonds; 15*9 Per cent by warrants; 12*9 Per cent by discounts; and 4 .8 per cent by Treasur]^ notes. The New York Federal Reserve Bank reports an increase of $300,000 in the amount of its paid-in capitals corresponding to a reported increase of 10 m illions in the amount of capital of a leading New York City member bank* Government deposits show a decline for the week of 5 m illions, the 3 eastern banks reporting large net withdrawals of Government funds* Net member bank deposits increased 4*3 m illio n s, New York, Atlanta and Dallas reporting the largsst increases under this head. Dallas reports the deposit’ with the .Treasury of 2 m illions to reduce its l i a b il i t y on Federal reserve bank notes* The Agents report to tal net issues to the banks of $ 2 2 0 ,4 2 0 ,0 0 0 of Federal reserve notes, an increase for the week of $ 6 ,5 2 3 ^ 0 0 0 . Against this total they hold $ 2 0 4 ,4 7 6 ,0 0 0 of gold and $ 1 6 ,2 2 0 ,0 0 0 of papsr* The banks report a to tal of $ 2 0 1 ,3 6 4 ,0 0 0 of Federal reserve notes in actual circulation and aggregate l i a b il i t i e s of $ 1 1 ,7 8 2 ,0 0 0 on notes issued to them by the Agents * released for -publication Sunday morning October 8j 1316. Not ea rlier. ifeATEMENT OF COMBINED RESOURCES AND LIABILITIES OF THE T m r ; FEDERAL RESERVE BANKS OF THE UNITED STATES AT CLOSE OF BUSINESS R E S O U R C E S October 6 , 1916 Gold coin and ce rtific ate s in vault-........................................... $ 2 6 5 ,6 2 6 ,0 0 0 Gold settlement f u n d .................................................. ..................... 11Q ,*1*11,000 Gold redemption fund with United States Treasurer.............. 1 ,9 1 0 000 Total gold r e s e r v e ........................................ .......................... 3 8 6 ,9 7 7 ,0 0 0 Legal tender notes, s ilv e r , e t c ..................................................... 1 1 ,9 9 1 000 Total reserve................................................................................ 4 0 0 ,9 6 8 ,0 0 0 Five per cent redemption fund against F . R . tank n o t e s ... 5 0 0 ,0 0 0 Bills discounted and bought: M aturities; Within 10 d a y s ........................................................... ic 061 non September 29,1916 2b0 , 8 4 5,0 00 124.421.000 ,..1,9.29,000 3 8 7 .1 9 5 .0 0 0 7 , 8 1 1 ,0 0 0 395. 006.000 500, 000' 2 1 .4 0 8 .0 0 0 2 3 .2 4 5 .0 0 0 From 1 1 u 30 days............................................. From 31 te 60 d a y s . . . . ........................................... 3 2 ,1 1 2 ,0 0 0 Frcm 61 to 90 days....................................... ........... 2 4 ,9 4 7 ,0 0 0 Over 90 day s............................................................. 1 .1 6 4 .0 0 0 T o t a l ...................................... ...................................................... 1 0 1 ,0 9 4 ,0 0 0 Investments: United States bonds................................ 4 4 ,3 7 0 ,0 0 0 One-year United States Treasury no tes.......... 8, 763,000 Municipal w arrants...................... ............................ 2 9 .0 8 5 ,0 0 0 < Total earning a s s e t s ............................................................... 1 8 3 ,3 1 2 ,0 0 0 Federal reserve notes - N et.................. . ..................................... 1 4 ,8 9 4 ,0 0 0 Due frcm Federal reserve banks - Net........................................... 26, 232,000 A ll other resources....................... ................................................... 1 ,0 4 5 ,0 0 0 to t a l resources. •.....................' ................................................ $ 628, 951,000 L I A B I L I T I E S . Capital paid i n ...................................................................................... 5 5 ,6 8 4 ,0 0 0 Government d e p o s i t s . . . . .......... .................................................... .... 3 3 ,9 7 1 ,0 0 0 5 2 6 ,0 1 9 ,0 0 0 Memter bank deposits - N e t .......... ............................... .............. Federal i*eserve notes - N e t . . ........................................................ 1 1 ,7 8 2 ,0 0 0 1 ,0 3 3 ,0 0 0 Federal reserve bank rotes in c i r c u l a t i o n . . . . . . . .................... A l l other l i a b i l i t i e s ................................................... ...................... 4 6 2 ,0 0 0 TOTAL L IA B IL IT IE S....................................................................... $628,951^000 Gold reserve against net deposit and note l i a b ilit ie s (A)7 0 .9 $ Cash reserve against net deposit and note lia b il it ie s . u > ■ 79 . # Cash reserve against net deposit lia b il it ie s after setting aside 40$ gold reserve against aggregate net l ia b ilit ie s _on Federal reserve not es in_c irculation_( A)^ •_! - ______ _ _ A A) Less items in transit between Federal reserve banks, <£ 2 6 ,2 32,000 36. 527.000 23,882,000 1 .5 1 6 .0 0 0 1 0 6 ,5 7 8 ,0 0 0 46.544.000 6. 927.000 2 4 .0 2 8 .0 0 0 184.077.000 14 . 250.000 31 . 365.000 -1,543,000 b32, 741,000 55.393.000 3 8 .9 8 5 .0 0 0 521 . 740.000 13 . 216.000 3 . 031.000 ____ l l i o o o 632. 741.000 7 1 *4/0 72 .8 $ - - -71-61. 31, 365,000 July 7, 1916 261. 232.000 123 . 611.000 __ 2 ,0 1 1 .0 0 0 386. 854.000 36 . 902.000 423. 756.000 450.000 7 . 970.000 2 0 .6 8 8 .0 0 0 32. 002.000 27 . 090.000 4 . 4 2 1 . 0 0 0 92. 173.000 52 . 589.000 4 .5 4 6 .0 0 0 2 5 . 2 1 6 . 0 0 0 174 . 544.000 2 4 . 1 1 1 . 0 0 0 1916 245.778.000 80,011,000 1.549.000 327 . 338.000 1 1 , 600.000 338.938.000 350,000 A p ril 7 , 6 . 911.000 13 . 558.000 21 . 930.000 20. 134.000 1 .8 5 1 .0 0 0 64.384.000 45. 226.000 1 . 932.000 35 . 256.000 146.798.000 21 . 761.000 1 1 . 161.000 20. 273.000 _IiiI9 ..iO C o 647. 113.000 7 .2 1 7 .0 0 0 526, 245,000 5 4 .8 5 8 .0 0 0 1 1 4 .4 6 0 .0 0 0 4 6 5 .8 4 0 .0 0 0 9. 992.000 1 . 721.000 54 . 843.000 37 . 016.000 423. 497.000 9 . 500.000 1 . 251.000 2 4 2 . 0 0 0 b 47 , 113,000 , 67 . 9$ 74.3 $ 118,000 526.245.000 71*3$ 7 3 *9 $ _____ 75-0$_ _ _________74-6 $ _ 20, 273,000 11 , 161,000 831-a 6, 1916 OCTOBER I 915 227.769.000 55.850.000 Cctober 8, 1 ,2 1 2 ,0 0 0 284.831.000 2 1 .1 0 2 .0 0 0 306.133.000 5.893.000 13 . 786.000 15 . 257.000 9, 109', 000 1 .1 2 0 .0 0 0 45.365.000 9.483.000 27 . 029.000 81.877.000 15.523.000 7.723.000 1.124.000 4 1 4 ,3 8 0 ,0 0 0 54.781.000 15 , 000,000 326. 787.000 1 5 . 225.000 •* * * 2,587,000 414.380.000 . 81 .5 $ 87 . 6$ 89-8$ _ 77723,000 Released for p ublicatio n Sunday morning October 8 , 191b. Not e a r l i e r . ^ M e e k l y statement o f resources and l i a b i l i t i e s .o f each of the tttelve fed eral reserve banks at close of business october r e s o u r c e s . Gold coin and c e r t if . in vault Gold Settlement Fund Gold Redemption Fund Total Gold Reserve Legal tender n o te s ,s ilv e r ,e tc Total reserve * Boston $ 8 ,4 5 4 9 ,3 0 5 5 1 7 ,7 6 4 102 3 ,7 6 7 250 1 7 2 ,9 8 9 17,866 1 8 1 ,9 1 4 B ills discounted - members 758 10,066 B ills bought in open market 1 0 ,8 2 4 Total b ills on hand 2,922 Investments: U. S . Bonds 250 One-year U.S.Treas- notes 4 ,4 1 7 Municipal warrants 1 8 ,4 1 3 Total earning assets 1 ,6 4 6 Federal Reserve notes - Net Due from other F , R . banks — Net 6 ,3 8 1 A ll other resources 69 5 4 ,3 7 5 total ff&scraacES L I A B I L I T I E S . Capital p aid in Government deposits Member bank deposits - Net Federal reserve notes - Net F . R . bank notes 5n circulatio n Due to other F» R , banks — Net A ll other l i a b i l i t i e s TOTAL L IA B ILIT IE S N. Y. 168,972 5 ,0 2 4 2 ,5 8 0 36,603 * * • m 168 8,925 Phila* Clevel* Richm. Atlant a Chicago St %Louis Minnls * 8 ,4 2 5 14,836 3,886 29,019 5,263 6,017 3 ,9 9 7 14,063 16,419 2,781 24,336 1 9 ,1 2 1 5,530 3 ,5 6 5 50 81 200 440 30 73 237 2 8 ,9 8 0 6 ,9 0 4 9,766 20,856 2 7 ,5 9 6 ‘ 9 ,5 1 2 53,555 68 1,076 1,1 2 3 .... .597 195 52S 1,12 5 54,631 10,891 28,193 30,103 2 0 ,9 2 4 9 ,7 0 7 7 ,5 3 3 365 4 ,4 8 9 _6 ,2 5 2 6,6 0 7 6 ,2 4 3 1,669 1 ,0 9 7 2 3 ,1 4 8 2 4 ,2 4 5 2 ,7 2 8 • » 7 ,6 8 8 3 4 ,6 b l 7 ,9 6 8 ♦ 227 2 2 4 ,7 7 0 108 1 1 ,3 3 0 ...1.1,538 2 , 30b 1 ,1 7 5 3 ,5 5 5 1 8 ,3 7 2 11,902 2,945 205,944 5 ,2 2 4 5 ,9 9 7 3,678 32,271 2,301 • * 638 . 223 5 7 ,4 2 6 • 760 6 ,1 5 3 633 1,070 61 3 ,8 0 0 3 ,7 5 8 7 ,5 5 8 1 ,5 0 8 526 .3 ,6 6 4 1 7 ,2 7 4 .. 7 ,9 2 2 * 367 2 ,2 5 4 1 ,1 8 6 4i6 167 5 0 ,4 1 4 30,139 ..... 2.89 9 ,8 8 1 3,325 4 ,4 1 7 1 8 ,4 4 1 2 ,4 9 3 3 ,9 2 4 1 1 ,4 0 8 3 ,8 9 1 1 ,1 5 3 4 2 ,1 1 6 * # 2,505 5,215 7 ,7 2 0 7,5 9 6 1 ,5 1 7 4,4 4 0 2 1 ,2 7 3 1 ,2 8 0 7 ,2 4 6 l ,4 l 4 656 287 1 9 ,0 1 5 . .8.5,086. 6,676 3,262 75 ,1 4 8 ■ * * 2,229 5,125 7,355 2 ,6 8 9 570 .1 ,5 8 5 . 1 2 ,1 9 8 ft * 7 ,5 6 2 129 30,680 2 ,7 9 5 3 ,9 9 9 21,648 2,239 1 ,6 4 2 2,8 2 7 4 ,4 6 9 2 ,9 5 5 Kas-Cy. Dallas 5 ,1 7 6 2,981 7 ,0 9 3 1 0 ,2 8 7 121 413 1 4 ,5 8 4 10,487 6 190 1 4 ,5 9 0 10,677 100 400 4 ,9 08 1,459 144 1,579 2 ,9 3 8 5 ,0 5 2 9 ,2 7 0 2,896 700 963 1,252 ____ 359 529 • 9,3 6 6 1 ,5 0 7 3 ,5 0 3 81 2 4 ,1 6 4 1 3 ,5 3 0 * * 135 3 0 ,3 2 0 8,4 7 7 * 744 464 2 0 ,4 6 2 2,5 9 7 1 ,1 2 4 20,443 « * 3 ,0 5 3 881 2 5 ,177 1 ,1 8 6 2,689 1,956 12,504 3,313 1,^65 1 ,0 3 3 3,972 7 54,375- 2 2 4 ,7 7 0 6,135 118 4 7 ,4 2 6 « • 5 0 ,4 l 4 ' 125 . ........3.1. .30,133 ...19,015. *■* 8 5 ,0 8 6 ♦ m3 0 ,6 8 0 2 4 ,1 6 4 M E M O R A N D U M . 20,266 1 4 ,7 6 2 75,601 3 ,3 2 0 1 1 ,5 5 2 9 ,0 8 2 F»R. notes issued to the banks 7 ,9 6 7 11,297 1 3 ,9 7 9 629 1 ,8 6 8 1 ,2 8 0 1 ,1 0 8 _ l ^ P .7 7 ,9 6 8 _____ 63.8 1 ,6 4 6 F»Rn notes in hands of banks .... 3.67 . 2 ,0 4 0 1 0 ,3 5 4 1 8 ,3 9 8 F .R . notes in circulation 13 ,3 5 0 9 ,6 5 1 6 7 ,6 3 3 7 ,3 2 9 8 ,7 1 5 1 3 ,2 5 5 1 7 ,2 4 5 9 ,0 8 2 75,601 3 ,3 2 0 1 5 ,7 6 2 Gold and lawful money with agent 11,297 8 ,1 0 5 7,9 6 7 9 ,4 5 9 • * • O •* * 1,2 8 0 638 1 ,6 4 6 7 ,9 6 8 Carried to net assets 367 1 ,5 0 7 » « « • • • « »■ •> * A Carried to net l i a b i l i t i e s 3 ,8 9 1 1,1 5 3 2,239. (a ) Items in transit i . e . total amounts due from less total amounts due to other Federal 831-b 6 , 1916 . * S*Fran- Total 10,600 265,626 3,374 1 1 9 ,4 4 1 10 . _ _ L l919 1 3 ,9 8 4 . 55 14,039 * -- 296 6 ,4 3 5 6 ,731 2,634 3 8 6,977 _13>331 4 0 0 ,9 6 8 500 23,656 7 7 ,4 3 8 1 0 1 ,0 9 4 4 4 ,3 7 0 704 8,763 1 ,8 7 6 2 9 ,0 8 5 1 1 ,945 1 8 3 ,^ 1 2 1 ,4 8 8 1 4 ,8 9 4 4 , 484( a) 26, 23 2 191 3 ,0 4 5 3 2 ,1 4 / 6 2 8 ,9 5 1 7 r>or* 2., 90'4 2 5 ,3 1 6 m * m « 5 5 ,f e 5 3 3 ,9 7 1 526,019 1 1 ,7 8 2 1 ,0 3 3 • * 3 0 ,3 2 0 2 0 ,4 6 2 3 2 ,1 4 7 462 6 2 8 ,9 5 1 1 7 ,5 7 1 454 25,104 . 173 1 0 ,0 8 9 1 ,4 8 8 220,490 19,126 1 7 ,1 1 7 2 4 ,9 3 1 21 ,6 1 8 1 5 ,9 3 1 • ♦ ♦ • 1 ,1 8 6 3,313 reserve banks* 8,601 2 0 1 ,3 6 4 1 0 ,0 8 9 1 ,4 8 8 • «r 204,476 14,894 7 1 1 ,7 8 2 . ij^.eased for publication Sunday morning October 8 , ■ + . ■ . . ^ ': Federal Reserve N otes: Received from the Comptroller ; 6, 1916 . 'Bpatoil •• &..( P h ila . Clove!.-"‘Richm.. -.Atlanta ’Chicago. Srt.Loiiiii■■■Minnls. K a s.C y . Dallas $ 2 4 ,8 8 0 14-3,400 15 ,4 8 0 15,160 21,500 26,920 9,380 14 ,6 0 0 21,000 22,620 3 5 ,3 2 0 13,880 3 6 4 ,1 4 0 5 ,5 6 3 45,639 4 ,8 7 3 2 ,7 7 8 5 ,3 7 1 3 ,1 6 9 1 ,1 7 9 1 ,9 4 6 608 1,636 3 ,5 9 5 1,2 31 7 7 ,5 8 8 1 9 ,3 1 7 9 7 ,7 6 1 10,607 12,382 16 , 129 2 3 ,7 5 1 8,201 12,654 20,392 2 0 ,9 8 4 3 1 ,7 2 5 1 2 ,6 4 9 286,552 8,020 22,160 2 ,,64o 3 ,3 0 0 2,150 3 ,4 8 5 4 ,8 8 1 1,202 5,630 3 ,^ 1 3 6,621 2,560 66,062 . 1 1 ,29 7 IS A Q l 9 ,0 8 2 1^27.9.... 20,266 3,320 11,452 14,762 1 7 ,5 7 1 2 5 ,1 0 4 Chargeable to F . R . Agent In Stands of F . R . Agent Or 00 O -JL3.pl.. S.F ran. s ^ 83I-C Not earlier. .STATEMENT. OF FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS OCTOBER ; ' ■ ’ ( In thousands of dollars) Returned to the Comptroller Issued to F . R . Bank less amount returned to F . R . Agent for redemption Amounts held by F» R . Agent in reduction of l i a b i l i t y on outstanding notes: On hand: Gold coin and c ertific ates 1916. Total 2 2 0 ,4 9 0 r 10,700 71,215 3 ,8 2 0 8 ,5 4 0 597 4 ,3 8 b 527 542 m m 3,620 Credit balances: In gold redemption fund • *> W ith Federal Reserve Board * - As security for outstanding notes * Commercial paper * 4,560 359 1 ,1 3 5 9,100 11 ,5 5 0 4,520 3,021 13,979 20,266 4 ,5 6 7 3,032 * 5,063 11,620 4 ,2 7 0 1 0 ,3 4 0 240 532 792 l , 06l 1 ,3 9 8 349 3 ,0 8 0 2,510 2,350 10,600 9 ,8 8 0 9 ,7 4 0 6 2 ,4 3 0 ' * 3 ,3 ^ 7 • i ,6 4 o 3 ,4 8 6 * 1ft 1 6 ,0 1 4 1 7 ,5 7 1 25,104 10,089 220,490 1 ,6 4 4 3,629 * * * * 130,128 11,918 TOTAL f 11,297 V 7 5 ,6 0 1 7,9 6 7 9 ,0 8 2 3 ,3 2 0 11,452 » 3 ,3 4 8 14,762 Amount of commercial paper delivered 4 ¥ * « * 16,220
@FedFRASER