Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-08-22
AND CREDITS
Of RESERVE BANKS
Big Increase in Total Reserves, With
q Decline in Gold
Reserve.
Report From Richmond Bank Shows
Resources and Liabilities
Totaling 81, 1888, 900.

The federal reserve board made pub
lie yesterday it's weekly bank state
ment as at close of business Friday.
AS compared with the preceding week
the statement indicates a gain in total
reserves of the system of $3,900,000, a
decline in the gold reserve of $2,300.000,
an increase of the gold settlement fund
by $1,500.000 and a gain in reserve
other than gold of $6,200,o00. The to-
tai loss in the gold reserve. $4,000. 600.
is less than the amount of gold depos-
tied with federal reserve agents to re-
duce the banks liabilities on outstand-
ing notes. New York reports a gain in
reserve other than gold of about S.
100000, which is in excess of the total
gain shown for the system. Philadel-
phia shows loss of $3,500,000 in gold
reserve, of which over one-half million
represents a deposit with the federal
reserve agent against federal reserve
notes.
The amount of commercial paper on
hand shows an increase of over $780,
900. Kansas City and Dallas reporting
the largest gains. The proportion of
the three southern banks continues at
about 70 per cent of the total. Trade
acceptances (two- named paper) to the
amount of $4,000 are reported by
three banks. Bankers acceptances on
hand show gain for the week in ex-
cess of one-half million dollars, Bos-
ton. Kansas City and San Francisco re-
porting the largest increases under this
head.
Based on Foreign Trade.
Over 60 per cent of this paper was
based on transactions involving the i'm
portation of merchandise and about "a
per cent on transactions involving the
expectation of merchandise. Noless than
SO per cent of the latter class of paper
was based upon foreign shipments of
cotton. In the case of 100000 of bank
acceptances the information received
by the board was not suf1clently Spe-
cif1c to permit the classification of the
A total of $4,000 of United States
bonds was bought during the week,
largely by the Cleveland and Chicago
banks. The amount of municipal war
rants held by the banks shows a slight
decrease. The ratio of bills and invest
ments to 'paid-in capital stands at
about 127 per cent. as against l25 at
the end of the preceding week. Net
mainly as the result of a gain of ST.
SOC, 900 reported by the New York
bank.
Federal reserve agents report total
of $14S,100.000 net received from the
controller of the currency to the end
Of the week, and a total of $107,000,000
net issued to the banks. Against the
latter amount they hold $50, 100000 of
gold and $1S,S0O.000 of paper. A total
of s5,1O0,0OO of additional federal re-
serve notes was issued to the banks
during the week, all the banks except
Boston, Richmond. Chicago and st.
Louis reporting additional issues. The
banks net liability upon outstanding
circulation is given as $15,S47 900.
Richmond Bank Statement.
The weekly statement of resources
and liabilities of the federal reserve
bank at Richmond at close of business
August 20 is as follows:
RESOURCES
Gold coin and certificates in vault. 81, 109. 900
Gold settlement fund. MISUNDERSTANDING. 4,29S. 600
Gold redemption fund. .............. $4,000
Total gold reserve. ..........-..... So. 80, 600
Legal-tender notes. silver, etc. 100000
Bills discounted and bought:
Dme from other federal reserve
All other resources. ......... 127,OOO
Total resources. ..................$ 81, ssa, 600
LIABILITIES.
capital paid NEUTRALITY-SUSPICIOUS.. So. 1854. 900
Reserve deposits net. .............. 1911 600
Federal reserve notes. net. 6,64O.oOO
All other liabilities Observation-Disclosures. $4,000
Total liabilities. ST., 933. 600
MEMORANDUM.
Federal reserve notes issued to- the
hanks ................... 100000
Federal reserve notes in circulation. IS. $40 900
Gold and lawful money with agent. 81 SOC, 900
Carried to net liabilities. $6.64O.O00
The statement Of the account of the
agent of the federal reserve bank at
Richmond at close of business August
20, follows:
Federal reserve notes received from
Amount Of federal reserve notes
chargeable to federal reserve agent. 1000, 600
Federal reserve notes in hands OF
August 20. ....................... 1900. 900
Federal reserve notes issued to fed
eral reserve bank, less notes re-
turned to agent for redemption and
cancellation Observation-Disclosures. $aSUOOUO