Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-10-10
RESERVE BANKS MAKE
REPORT ON CONDITION
Week Shows q Gain Of $1,000, 900
In Their Gold
Reserve.
Total Of Gold Now Held by Banks
and Agents Reaches
SALE, 100000.


yesterday its weekly bank statement Is
at close Of business October 8. The COM
parative statement for October was re-
vtsed. 50 as to. include the New Orleans
figures for that date which were not
available the previous Saturday.
Tho statement indicates a gain Of ST.
100000 in gold reserve and a gain Of
100000 in total reserve. These totals
are exclusive Of $7.3oo.0oo net Of gold
transferred during tho week to federal
reserve agents to reduce tho banks liza
bilities on outstanding reserve notes.
The amount Of gold held by both the
banks and the agents reaches now the
total Of about $415, 500. 900. compared with
1881 100000 on September 10 and $780,
300. 900 about three months ago. The
New York bank reports gain in total
reserve Of 100000. Boston a gain Of
$1.500.0o0 and Dallas a gain Of $1.000.-
900.
An increase of about 100000 in bills
discounted and bought is reported. large
ly as the result Of increased holdings of
commercial paper at the Atlanta and
acceptances decreased slightly during
the week, though New York reports a
gain Of about 100000 in the amount of
bank paper on hand. S: -
Paper Of Shorter Maturity.
This class Of paper constitutes now 326
per cent Of the total amount of bills on
hand, as against 299 month ago, and
26.2 per cent at the end of the corre-
spending week in July. About 13 per
cent of all the paper held natures with
In ten days. compared with lilo per cent
for the corresponding week in Septem-
Der. while 30.4 per cent as against 27.9
per cent natures after ten but within
thirty days.
Additional purchases Of United States
bonds are reported by the Kansas City
Philadelphia and Minneapolis banks. The
total of municipal warrants held de-
creased about $350.000, all the three
than the week before. The aggregate
amount of earning funds comprising
bills and investments stands now at
about sS1.900.00o as against $75.S00,000
the month before. and $5S, 100000 on the
corresponding date in July.
The ratio of earning funds to capital
has increased from los per cent, in July.
to about $50 per cent. at the end of the
past week. Member bank deposits in
creased about 81 800, 900 during the week,
banks showing considerable increases
under this head.
Federal reserve agents report a total
of $14S,600.000 of federal reserve notes
issued to the banks. Of which $7,600,000
represents the net addition for the past
week. Against the above total the agents
hold 130,600,000 of gold and $1S,300,0 900
of paper.
The banks report total note circula-
ton Of $130.300.000 and total liability
thereon Of s15,20O,00O.
Richmond Banks Statement.
The weekly statement Of resources
bank of Richmond at the close of BUSH
ness, October 8. is as follows:
RESOURCES
Gold coin and certificates in vault. $5.917. 900
Gold settlement fund. 6,517, 900
Gold redemption fund. ............... 375, 900
Total gold reserve ............. ,12. sos, 900
Legal tender notes, silver, etc.,. 80 900
Total reserve ...:.:...........sl So. s9o. 900
Bills discounted and bought:
Commercial paper ................. N.oI3. 900
Bank acceptances ................. 100000
Total .:..:.......... s7.67s.o 900
Il Sse a,s.r ut resources: 's sss: SSS
Total resources ................... FL, TAI, 900
LIABILITIES.
c,n,ta, paid in. 50, s5s, 600
Government deposits ............... 100000
Reserve deposits. net. ............. 7,430, 600
Federal reserve notes, net. b,s20,0O0
All other liabilities. 10000
rota, liabilities SCI, 747 900
MEMORANDUM.
Federal reserve notes issued to the
banks ......... .;..:...;. :;$12, 100, 900
Federal reserve notes in hands of
.bsaSs ...................... 100000
Federal reserve notes in circulation. $11 $40 600
Cold and lawful money with agent. 5000, 900
Carried to net liabilities. S. 1870. 900
Statement by Agent.
statement of account of the federal
reserve agent OF the federal reserve
hank at Richmond. close of business,
october 8. is as follows:
Federal reserve notes received from
the controller. .$12,SO0,OU
Amount of federal reserve notes
charaeable to federal reserve agent. L. SOC, 600
redersl reserve notes In hands OF
n oseGhs 3. 1915 .................' 7ooo 900
r.a.ra, reserve notes issued to fed
ers1 reserve bank, less notes return
s e 1S '. 49, sla, 100. 900