Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-01-31
BANKING SITUATION
is MOST ENCOURAGING
Increase in Clcarings Roth for Past
Week and for Month Of
January.
sEAY ISSUES A STATEMENT
Federal Reserve Bank Retliscounted
Large Amount of Commercial Pa
per During Week-ConSOlidat
Statement OF Reserve Board.

with rcdiscoUnts reaching nearly
tho half million mark for the past week
in the Federal reserve bank. and the
Richmond Clearing House Association
showing an increase in clcarings both
for the last week in January and the
full month OF January, 1915. as against
the corresponding periods Of last year.
the banking situation In Richmond is
decidedly encowracins,' said promi-
men. baukc, Yesterday.
The Increase in tho banking business
is Indicative Of general resumption
OF commercial interests and that bust
ness Is gradually getting back to nor
NAL conditions regardless OF the Euro
pean war
The bank clearnGs for tn" last week
in January were $9.39&.6la; for the cor
responding period last year. SS.S52,o,S.
showing AN Increase of S1il.ii2 For
the month Of January. s3S.135.u""; foC
the corresponding month last year. SHS.-
+i+.93G, All increase Of S2Aol5l. The
fac, that the last week in the month
shows n larger increase than the entire
month shows that the banking business
is Improving every day.
Tho total amount OF rcdiScounts for
the week al the Federal reserve bank
was S4TG.o3I.55. AZ tho present time tho
reserve bank has loaned out Il total OF
S3.72o. o46.32.
STATEMENT Of RESERVE BANK
ISSUED BY GOVERNOR SEAY
Tho following statement OF the con-
liion OF the Federal Reserve Bank OF
Richmond n the close OF business on
Friday was issued yesterday by Gov
crnor George !. Scay
Assets.
Cash on hand:
cold coin md certificates S.Sll,Olooo
Legal tender silver certii-
Gates. etc ....... lls.s4O2s
S.?c7 .s5o2S
Bills discounted .... 3.72O.oiS.3c
All oth"r assets .... i2.5Ol 9;
Total ..sl@.GGT.l9Sj
Liabilities.
Capital paid in .....$ l.l55.7533c
Reserve deposits ..... 1.SG3.9n -
Due 20 other Federal re-
serve banks ......... 2,0os.IS0sS
Federal reserve notes in
circulation .......... s4o.2oo.oo
All other liabilities .... i,O7l.so
Total .......... slcs67,ias.55
cold reserve against all
liabilities -. - per cent
Cash reserve against all
liabilities af;c- setting
aside 80 per cent gold
reserve for Federal re-
serve notes in circulation 50 pe- cent
Total amount OF bills dis
counted for one week
ending January %, lol5s s76..57.55
CONSOLIDATED STATEMENT SHOWS
PROGRESS OF NEW SYSTEM
Reserve deposits IN the twelve Fed
oral reserve hanks DECREASED about s..-
in: 10 ;he consolidated statement of
condition a the Close OF business Jan
uary 20 issued yesterday by the Fed
erai Reserve BOARD in Washington
The statement shows:
Resources.
Gold coin and certificates. $685. .9o5. 900.
Legal tender notes. silver certificates
AMI subsidiary coin, S2n.SS9. 900
Total, s256.7sI. 900
Bills discounted and loans.
Maturi'!es within thirty days. s5,33l,-
Ma,urities within sixty DAYS. s..eoa,-
other, s2.I2l. 600
Total, sl3.a55. 900
Investments, sl3.ls0.0oo
Due from Federal reserve banks:
Items in transit. s7,42i.o 900
All other resources. sloa0l.oo1.
Total resources $500 20 400
liabilities:
capital paid in. saO.iiO.O00
Reserve deposits. sc79,5l 5000.
Federal ra.,rrve Notcs In circulation
met amo4ntl. s@..I7s.OOl
Total liabilities, s302, $4,000
G"ld reserve against net liabilities.
SC per cent.
Cash reserve asains, ne, liabilities.
30 per cent
Cash reserve against liabilities after
setting aside 80 per cent gold reserve
asains: net amount of Federal rcscryn