New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-21
RESERVE BANKS
GAIN DEPOSITS
Large Increase in Their
Cash Resources Reported
for Last Week.
From Tho Tribune Bureau J

Washington, Nov 20.-Net reserve
deposits of the Federal Reserve banks
increased s25,7OOOOO during the week
ended yesterday. The combined gold
reserves of the twelve banks increased
S1S,500,000, while the earning assets
increased about S7,4OO,OOO. The large
gains in deposits and cash resources
are due primarily to the transfer by
member banks outside OF central re
serve cities of an additional install
ment of reserves which fell due No
vember 16. All of the banks except
Philadelphia and Atlanta report larger
total reserves than the week before.
The total gold resources of the sys-
TEN show gain Of S22,200,000, having
increased from S460, 900 to S4S2, 700,-
600. This includes the gold holdings of
Federal Reserve agents, which gained
S3,600,00O during the week and consti-
tute about 35 per cent of the entire
gold resources of the system. During
the last month the system has gained
S57,400,000 in gold In the last three
months the gain has been S131 100000,
while for the last six months it has
been 100000, showing that the rate
of increase has been going up rapidly.
Commercial Paper Gains.
There was an increase in the amount
of commercial paper on hand of more
than S1,600,000 Considerable gains
are recorded for Atlanta and the four
banks in the Middle West. These four
banks report about one-third of the
commercial paper on hand, as against
less than 20 per cent about three
months ago. The share of the three
Southern banks in the meantime has
decreased from $20.1000,000, or about 20
per cent of the total on hand, TO Sl9,-
100000, or a little over 60 per cent of
the present total.
Additional purchase of United
States bonds were made by the banks
during the week, most of them carry
ing the circulation privilege. Munich
pal and state warrants on hand in
creased about S4,700,000, mainly as the
result of purchases by the New York
bank of local municipal warrants.
The statement of the banks condi-
ton on November 10. issued to-day by
the Reserve Board, shows:
Resources coin and certificates
in vault. S245, 900; gold settlement
fund, S69 $4,000; gold redemption fund
with United states Treasurer, 81 ,232,-
600; total gold reserve, S3l5,977 900;
legal tender notes, silver, etc, $780,
$4,000; reserve, S34S,l5O,00O.
Bills Discounted.
Bills discounted and bought Matur-
tiles within 10 days, $4,603,000; from
II to 80 days. Sl2,32O,O0O from 81 to
60 days. SIS, $685. 600; from 81 to 80 days,
S9,0lS, 900: over 90 days, S3,373, 900;
total, S45,145,000.
Investments States bonds,
Sl2,674,0O0; municipal warrants, S27,-
$4,000 Federal Reserve notes, net,
1872, 600; due from Federal Reserve
banks, net, S15,827 900; all other re-
sources, S3,662,O00; total resources,
S471,773.0 900
Liabilities Capital paid in, s54,s54,-
600; government deposits, Sl5,000,000;
reserve deposits, net. 1884 1897 900;
Federal Reserve notes, net, S12 1925, 900;
all other liabilities, $3,999 900; total
liabilities, S471, 775,0O0
Gold reserve against net liabilities
70.6 per cent; cash reserve against net
liabilities, ST. per cent; cash reserve
against net deposit liabilities, after
setting aside 10 per cent gold reserve
against net amount Of Federal Reserve
notes in circulation, 1913 per cent.