The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-06
Cash RESERVES
GAIN $2,2OO,OOO
Decrease in Gold Reserves Of
the Banks Amounts to
S1,10O.OOO.
LOANS SHOW INCREASE

LOANS SHOW INCREASE
WASHINGTON. June 6.--The interna-
tionai tension of the past week was not
rejected in any considerable increase
OF redlscount operations on the part Of
the Federal reserve banks, according to
the weekly Of conditions made
public by the board to-day. The net
increase OF loans and discounts. in
Guiding ac~ceptances. was s75o.ooo. Here
Is the summary:
The statement indicates n decrease
since the previous week OF s1,1oo.ooo
in aggregate gold reserves in addition
TO considerable shiftings OF these re-
serves as between the several reserve
banks as the result OF transfers in con-
nection with the operation OF the gold
settlement fund.
Part OF the losses In the gold re-
serves reported is due to deposits OF
gold made during the week with Fed
cral reserve agents to secure additional
circulation. particularly for the Bos-
ton. Philadelphia. Kansas City and
Dallas banks. The aggregate alliances
TO the credit OF the several banks in
the gold settlement fund stand now at
s24.s50,OO0 The total cash reserves
show a gain of about s2.2Oo.0 900.
Loans and Discounts.
Loans and discounts. including ac-
ceptances. show an Increase of about
s750,000. Discounts proper decreased
ftant, HoA Enn mn IN Api Snn mn rhtahv
IS a result OF net decreases In the
amounts of commercial paper held by
the Richmond and Atlanta banks.
The aggregate Of acceptances re-
ported by all except the three South
ern banks shows an increase from So
100. 600 to $40, 200. 900. this gain being
due largely TO an increase in the amount
Of acceptances held by the New York
bank from s3.l72.000 to s4.l51,0O0.
"Boston reports 1851. 600 and San
Francisco s1,077.000, these being the
only other banks reporting over ST.
000, 900 each of acceptances held. The
proportion of member banks acceptances
is steadily increasing and constitutes
now about one-half of the total amount
reported.
The amount OF agricultural and live
stock paper maturing after ninety days
held mostly by the three Southern banks.
shows a further increase to about So
COO, 600 and constitutes now 1913 per
cent. of the total amount of all COM
inerciai paper held by the banks. About
tO.5 per cent. Of the paper natures
within thirty days and about 73.5 per
cent. within sixty days.
Bond Investments.
United States bonds aggregating ST.
$4,000 are reported among investments
ny six banks. the Chicago bank report
Ing $4,000 Of additional purchases for
the week. Investments In short term
municipal securities aggregate Si7.9l6,-
400. a loss of about 1000. 900 from the
total reported at the end Of the previous
week. Net deposits show a decrease of
about 81, 300. 900. Boston and Chicago
showing the largest Withdrawals.
The total Of Federal reserve notes
reported in circulation by the Federal
reserve gents was s70.a55.5O0. dis
tributed as follows: Boston. $500
900; New York. s3..4io.O0O; Ph!ladel-
phia, se.ei0.00O; Cleveland. $1,000. 600 {;
Richmond. $500. 600: Atlanta. $3.50
900; Chicago. si.3SO.000: ST. Louis,
s6:5,50O Minneapolis. So. $50, 900; Kan-
sas City. $1,000, 900 Dallas. $4,000. 900 :
San Francisco, 5000 900. Over So per
cent. OF the above total is secured by
the deposit Of gold with the agents.
"here is the detailed statement for
New York, Philadelphia and Boston
RESOURCES.
Phlla.
Boston. New York. delphia.
Gold coin and Ger.
i%ihcs,es 49,. So, 7s:oO 800 3i5 400 7.I6i. 90
Legal tender
notes, silver
certificates and
subsidiary coin $500 2Issi.NO ..csS.j eo
Total. ........ ,sii.5is,cco sl2S. 10000 sle.5i7,o 90,
Bills discounted
ami loans. 3..3,s,0oo ..s73.1o l,ssi,OO
Investments go. l.Os@o $4,000 l.T:e,or
Due from other
Federal Reserve
banks, net .,.. $4,000 ..... 2,ts0, 90
Al other re-
sources ....,,.. l.6Js,0p ".1i6.0C0 10000
Totals .........s? CO., oo sii., s24 900 SIS, 7.3, 90
LIABILITIES.
reserve deposits SIS, 75I 900 sl?7, $50, ~ tls.>ss, 90
Duo to other
Federal Reserve
banks, net Sc. 49,. 2.6S8 900 .,....
Capital paid in. $4,000 $4,000 s,227.6O
All other la.
biliues ..,..... <H.OO 3!o6e.W $500.
Totals .........s SCI. oO7.ooo sl4:, "a 900 -. 72s. 800
THE banks report their net liabili-
ties on account of their outstanding cir
culation as s11,413.Oo0."