Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-05-02
BANK CLEARINGs' SHOW II.
!. GAIN OVER LAST YEAR
Steady Progress Is Made by Big FL
nancial Institutions OF
Richmond.
RESERVE BANK STATEMENT
Fifth District Bank at Richmond
Continues to Lead Whole Country
In Amount of Discount business
and Loans to Banks.

Continues to Lead Whole Country
In Amount of Discount Business
and Loans to Banks.
The Fifth District Reserve Bank at
Richmond continues to lead the country
IN the amount OF discount business and
loans 1t Is making to the national
banks Of it's territory.
Tho weekly statement Of tho con-
dftion of the Federal reserve banks.
made public yesterday, shows that
Richmond has discounted and made
loans amounting to $6,043000 against
Ss.1lS,0O0 of the New York bank. the
largest In the system. Dallas comes
third among the banks in the amount
OF discount business with s5,229. 900, and
Atlanta fourth with S4.780000
Dallas. however reported the largest
increase for the week In discounts and
loans. It's net gain for the week was
more than 100000. About 46 per cent
Of the discounts held by the bank Is
thlrty-day paper. and about SO per cent
is }slxty-day paper. OF the $1,000, 900 In
agricultural and livestock paper ma
turing ninety days. about 80 per cent
iT held by the Dallas bank. while Rich
nnond and Atlanta report over $780,
600 each of this class OF paper among
their security holdings.
BANK CLEARINGs FOR APRIL
SHOW WONDERFUL INCREASE
Evldencing the growth OF the bank
Ing business of Richmond and vicinity
during the past year the clearings OF
the local banks show wonderful In
crease over last year. The report Of
the Richmond Clearing House Associ-
alton for April. 1915, shows that the
total amount for the month was $40.-
3S4,980. For the corresponding month
last year, S35,lS3.S9e, showing an in
crease OF S5.20l,2S1 for this year over
last.
Having placed in circulation more
than 100000 in Federal reserve notes,
the gold coin and certificates Of the
Federal reserve bank OF District No. 8
is practically the same as II was when
the bank was opened last November,
In spite OF the fact that the total re-
sources OF the bank have reached the
large sum of s15,436,37309
fRediscounts for the past week
amounted TO 5000. 900, making a total
of nearly s16.oo0.oO0 that has been fur
nished member banks on rediscount
paper since the bank was opened.
The following report of the condition
of the bank was made yesterday by
Governor Seay:
Resources.
GrS 5tcoin and certiicatcs.S S,39o,352 80
;zSEl tender notes. silver
stficates and subsidi
ss.z. coin ....... ...... 52,47s TO
Total cash ............S s.45l.s26 90
Bills discounted .........S 6.9+3.199 IL
Investments ........ 1000 90
All other resources ...... 40.347 So
Total resources .$l5.4S6.373 09
Liabilities.
Reserve deposits ......s 7.s27.o76 Sc
Due to other Federal re-
serve banks ..... 80. 9s.5T6 81
Federal reserve notes in
circulation -. ....... S,076.585 90
Capital paid in. ...... 2.eS7.6S3 80
All other liabilities -. 46,45l 81
Total liabilities ... .Sl5,i36.373 os
Cold reserve against all
liabilities 80. 81 per cent
Cash reserve against all
liabilities after setting
aside 40 per cent gold
reserve for Federal re-
serve notes in circu-
lation 800. ..,......-.s 20 per cent
Total amount of bills dis
counted for one week
ending April so. 1915....s 703,67I 81
Additional reserve notes
outstanding for which us
gold Is held by the Fed
eral reserve agents.. 100000 90
CONSOLIDATED STATEMENT
FOR ALL BANKS IN SYSTEM
The consolidated Federal Reserve
bank statement TOR the week ending
; April 30, issued By the Federal Re-
SCI, We Board in Washington yesterday.
slows little change. 1t follows:
Resources: .
Gold coin and certificates. s2as.,2s.-
900.
legal tender notes silver certifi-
Gates and subsidiary coin. see.sls,ooo.
Total, s264,746.o0o
Bills discounted and loans:
Maturities within thirty days, sl6-
1856. 200.
Maturities within sixty days, s1e.-
o5s, 900.
Other. s7.79o.ooO.
Total. S365S6.o00.
Investments. s25,46e.0oG
Due from other Federal reserve
banks: items in transit, s9.4Ss.Oo
All other resources. sl1.334. 900
Total resources. s347, 6o3,vuv
Liabilities:
Capital pa.' in. $40. G6e 900.
ReserNv deposits, $294,S3a,00o
Federal reserve notes in circula ton
(ntt liability, s11,Q3S,O
al! other liabilities, s2,o64,ooo.
Total liabilities. s847, SOS, 900
Gold reserve against net liabilities.
S0,4 per cent.
Cash reserve against net liabilities.
1913 per cent.
Cash reserve against liabilities after
setting aside 40 per cent gold reesrv.
against act amount OF Federal re-
seSve notes in circulation, DIP per
cent.
( TWO CANDIDATES OUT