Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-12-06
Observe Thirty-Day Rule.

A statement accompanying the re-
port of condition points out that the
banks apparently are observing the
boards recommendations that a large
percentage of the paper discounted be
of not longer maturity than thirty
days. The statement says:
Cash holdings and deposits show
small changes as compared with the
previous week, while gold holdings
largely Offset by reductions in other
cash holdings. Rediscounts amount in
round figures to $1O,o00,000, and trans
actions are reported by all twelve of
the banks. The increase over the pre-
vious week thus indicated is nearly
$2,5O0.O00. More than 70 per cent of
the paper discounted with the reserve
banks natures within thirty days, while
New York, Chicago and st. Louis rank
in the order stated as regards redis-
count business. The aggregate amount
of capital shown is slightly different
from that reported last week as a
result of adjustments which have been
necessary in the capital account of
several of the member banks.
Net Amount Of Reserve Notes.
In the weeks statement report is
made for the first time Of the net
amount of federal reserve notes in cir
culation. The item differs from that
reported under the same heading last
week. because it shows the net in liza
bility of federal reserve banks after
deducting from the gross amount in
circulation the amount in gold or other
lawful money deposited by reserve
banks with federal reserve agents to
retire outstanding notes.
"A memorandum Is shown on the
statement indicating the difference be-
tween the gross and net amounts of
notes in circulation. The Increase dur
ing the past week in federal reserve
notes in circulation is $2,405. 200, but
the net increase in bank liability in
such notes Is only $3.50. owing to the
depositing of lawful money to retire
notes."
Statements by Districts.
Following are the statements by dis
tricts:
First district, Boston-Total cash,
$14.ss1 .0o0; gold. $1a,15o,o00; redis-
counts. $4,000; deposits by member
banks, 1881. 900; federal reserve
notes. $1,s19.00o.
cash. s106.220. 900; gold. $s5,sS1. 200; re-
discounts. $3.059,00O; deposits by men,
Der banks, sos, 593,000; federal reserve
notes. s3.322,O0
Third district. Philadelphia-TotaI
cash, $1s.541, zoe: gold, sI7,4Ss.O00; re-
Der banks, $17,65s.0o0; federal reserve
notes, s737.000.
Fourth district. Cleveland-Total
cash, 1857, 900; gold, Sl7,13l, 900; re-
discounts. $4,000; deposits by MEM
Der banks. s16.867 900; federal reserve
notes, $4,000.
Fifth district, Richmond-Total cash,
sS.341 900; gold. ss.l21.o0o; rediscounts.
$405,000; deposits by member banks,
s7,s44,ooo; federal reserve notes. Ss2l.-
600.
Sixth district, Atlanta-Total cash.
s4,sS6,0O0; gold, Ss,O60,000; rediscounts.
$4,000; deposits by member banks,
s4,39O.OO0; federal reserve notes, $117,-
900.
Seventh district. Chicago-Total cash.
counts. $2.4S5.Oo0; deposits by member
banks, $37.7os.OO0; federal reserve
notes, $1,374.O0O.
Eighth district, st. Louis-Total cash.
s11.5ss.oeo; gold. slo.i.a.ooo; redis-
banks. ,11,s51,ooo; federal reserve
notes, $4i3,000.
Ninth district. Minneapolis (approxi-
mate)-Total cash. $s,s71.0oe: gold,
posits by member banks. ss.s2o.eoo:
federal reserve notes. 100000.
Tenth district. Kansas City, Mo.-To-
tai cash, $1O,1S3,O00; gold, $lO,3O9,000;
rediscounts, $4,000: deposits by mem
Der banks, $9.9s3,000; federal reserve
notes. $4,000.
Eleventh district, Dallas-Total cash,
$s,275,O00; gold. $6,1l0,000: rediscounts,
$3OS, 900; deposits by member banks,
$5,49s, 900: federal reserve notes, $751;
600.
Twelfth district. San Francisco Gap
proximate)-Total cash. $13,622,00O;
gold, s13,5s2,00O; rediscounts, $4,000;
deposits by member banks, $12.373;
federal reserve notes, none.