Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-08-08
BANK RESERVES
SHRINK 100000
Loss of Gold Reported From
New York, Philadelphia and
San Francisco.
BANKERS ACCEPTANCES
BIG PART OF HOLDINGS
Statement of Condition of Federal
Reserve Banks-Commercial Paper
Decreases Quarter Million.

OCCICdSCS dud1 GC1
A decrease of over 100000 in total
reserves. of over s5,oo0,oo0 OF gold In
vault and a gain of about $2,300.o00 in
other cash on hand is indicated by the
federal reserve boards weekly bank
statement al at close of business Au-
gust s. New York, Philadelphia and
San Francisco report the largest losses
of gold for the week. The loss of gold
by the New York bank is partly offset
by gain in other cash.
The holdings of commercial paper
show a decrease of about $250,0o0, the
losses of the Atlanta, Dallas and San
Francisco banks accounting mainly for
the decrease in the total. The aggre-
gate amount of bankers acceptances
held increased about S44s,000, and con-
stitutes at present almost 80 per cent
of the combined amount of commercial
and bank paper held. The New YORK
bank reports the largest share of this
increase.
Nearly one-half of the bank paper held
was either accepted or Endorsed by
member banks. OF the total CONNER
cial paper on hand 1913 per cent
matured within ten days, and 31.9 per
cent within thirty days. as against 29.7
previous week. About 6s.S per cent OF
the paper (as against 63.1 per cent?
showed maturities of sixty days and
less The amount of agricultural and
live stock paper maturing after ninety
days ii. e., after November 4) stands
now at slightly over 100000 and con-
stitutes only 81 per cent of all the
paper on hand as against 1873 per cent
shown for the first week in July.
United States Bonds Held.
United States bonds on hand increased
about 100000, Boston. Cleveland. Chi
cago and San Francisco reporting ad-
ditional purchases of and per cent
bonds OF the total of about $8,500,00O
held by eight reserve banks, about
s6,60O,000 are 2 per cent and $1,s00,ooo
per cent bonds. The latter are held
by the Cleveland and Chicago banks
only. A still larger increase of about
$4,000, 900 is shown for municipal war
rants on hand, New York alone report
ing an increase of about $1.500,000.
mainly of Boston city paper:
The combined total of bills and In
vestments stands at s67,5oo.ooo. as
previous week and constitutes 1913
per cent of the combined capital OF the
banks, as against 1875 per cent SHOWN
the week before. But little change is
the banks, a gain Of about $1.90O,000 by
the New York bank being more than
offset by loss of over $4,000, 900 shown
for the Chicago bank.
Federal reserve agents report to-
tai of s13S, 100000 of notes received
from the controller of the currency and
a total Of SOL, 100000 net issued to the
banks. Against the latter amount they
hold $4,000. 900 of gold and 81. 100000
of commercial paper. The banks give
their total note circulation as $S7,500,-
900 and their net liability thereon as
$15,400.000.
Condition of Richmond Bank. -
The weekly statement Of resources
and liabilities of the federal reserve
bank of Richmond at close OF bust
ness August is as follows:
RESOURCES.
Gold coin and certificates In vault s. SD 900
Gold settlement fund. 3,34S,0OO
Gold redemption fund. ............... 1925, 900
Legaltender, notes, silver, etc. 100000
Bills discounted and bought:
Commercial paper ................. S,66S, 600
Total Observation-Disclosures. ss.sss, 900
Due from other federal reserve banks
net NEUTRALITY-SUSPICIOUS.. 679, 900
All other resources ................. 22S, 600
Total resources ............,.....$1 7. 236, 900
LIABILITIES.
Capital paid in. "a, 364 900
Reserve deposits-net ............... 7,73S,0OO
Federal reserve notes-net. COCOON. 6,O27 600
All other liabilities ................ 107. 900
Total liabilities .Sl7. ccse, 900
MEMORANDUM.
Federal reserve notes issued to the
banks $S,oUO,OUO
banks .................. 47s,ooo
Federal reserve notes in crcula ton Sc, 1877 600
Gold and lawful money with agent. 1880 900
Carried to net liabilities. ........... 6.o27. 900
Account of Reserve Agent.
THE rfo NJ accounts ~ faA.