The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-28
SOUTHERN RESERVE
! BANKS SHOW GAINS
Three Have IS Per Cent. of
al Commercial Paper
Held in the system.
DEALS IN ACCEPTANCES

wAsHiNGroN, Feb. 27.--The three
Southern reserve banks at Richmond.
Atlanta and Dallas hold 80 per cent of
all the commercial paper held by the
Federal reserve system. according TO
the weekly statement Of the condition
Of the banks given out to-day b. the
Federal Reserve Board. rhe banks have
begun Transactions in acceptances, those
In New York. Philadelphia and Boston
having invested si.?oo.o0 in these Sc
eur.ties IN the last week.
Here is the summary " the sta emout
,ssueG:
The statement; indicates a loss OF
IS. 700, 900 IN cash res Jurces. mainly Of
the western banks at Chicago. Kansas
City and Minneapolis. Gold resources
show o decrease OF $4,000 00, Chicago !
and Kansas City repairing the largest
losses. The New York bank reports a
gait OF about 100000 In gold reserve
and OF about $500. 900 In total cash re-
serve. Loans and discounts show an IN
crease OF about 81. 200, 600.
Richmond. Atlanta and Dallas hanks
re port over as per cent. Of the total
amount Of commercial paper held ny al
the banks. About $1,000, 900 OF ac-
ceptances were ought by the New York.
Philadelphia and Boston banks during
tho week. As this paper natures onl!
" thin sixty 20 ninety days the p~opo"-
ton of short term maturi,ies is smaller
than in previous weeks. tho percentages
- thirty day paper show ing a decline
from ~ per cent. to 31+ per cent. srd
that of sixty day paper from 30 PEI cent.
tr . little over "a per cent.
$1,000, 900 In Ninety nay Paper.
'Over 81 200. 900 OF the entire amount
OF paper held by the banks is agricul-
tural and live stock paper. maturing
after ninety days and discounted mainly
BY the Dallas. a Francisco, Chicago
and st. Louis banks. The am unit OF
investments shows an increase for the
week OF $500. 900. warrants a. well a.
United States bonds on hand showing
larger totals than the week before.
''Of the total Of si.i06 600 Of United
States bonds on hand, reported by six
banks. Chicago alone reports s3.125. 900.
q gain Of s25O.U00 for the week. Ad-
ditional purchases of warrants are re-
ported by the New York. Boston. Rich
mond. Chicago and san Francisco banks,
the total of this class Of Investments
exceeding sl3. goo. 600.
Aggregate deposits show a gain OF
$4,000. 600. the larger gain of ss.4o0,o0o
reported by New York. Dallas and
San Francisco banks being Offset by
losses shown for Chicago and Kansas
City.
'"The Federal reserve agents report a
total OF Federal reserve notes issued to
the banks of 1880 400. an increase of
$500. 900 for the week. OF the total
amount issued about 80 per cent. is
secured by gold and lawful money on
deposit with the reserve agents.
The banks report as their ou,stand-
Ing circulation a total OF S22,"I, geo. the
difference between the two totals repre-
sentinr the amount of reserve notes IN
the vaults of the banks. The net liability
OF the banks on account OF their out
standing circulation is given as S5.32s.-
COO"
Eastern n state
The detailed statement for the banks
= New York, Philadelphia and Boston
S6llow
RESOURCES
Boston New York, phis
Vertia, sie. -. s5.-...n So sei 90 81. Is. 90
L~Ea tender
notes. silver
certificates and
subsidiary coin $4,000 i6..aI.N 1855 90
Total. ....... fiS.ss4.0 On sit - 50 ss.or
Bills discounted
and loan, 49,. $3.50. .Gvo1 5li.eI
Investments .... eao.1 6hH.g lJiJ, ~
Duo from other
y. X. Is. net ..... sNe" $3.50
AL other re-
sources ......,. sli.c0 sNc" SEA. on
r. resources. SIS. as. ep SAG. 73t. o 81, Sl, 90
LIABILITIES
Reserve depostssls.1J 2l 90 ilH6os ~ ti., %,.ss
Due to other T.
X. Be tnstl... oi. 30 ...... ......
Capital paid in. s.3t"S 6sS,% 4Gi,HH
nUIJN EnCV p m