The Birmingham age-herald., 1915-02-21
Bonds
Federal Reserve Banks

Washington, February 20.-Gold holdings of the federal reserve banks decreased about $7,5O0,0O0 during the last week, while holdings of legal ten der notes, silver certificates and sub- sidiary coin increased little more than that amount, according to the state ment of conditions February A9, made public today by the federal reserve board.
 The statement shows:
 Resources: Gold coin and certificates, s251, ,S0s, 900; legal tender notes, silver certificates and subsidiary coin, $29,- Ss7 900. total, $2S1, 695, 900.
 Bills discounted and loans: Maturities within 30 days. $7,721,000; maturities within 50 days, s6,909,0O0; other, $3,132,- 900. Total, $17,762.000.
 Investments, $15.314,00o.
 Due from federal reserve banks: Items in transit, $2,766,00 all other resources, $S,917,000. Total resources, $326, 454,O0O
 Liabilities: Capital paid in, s36,o56.- 900; reserve deposits $2S5, 5,46S, 900; fed eral reserve notes in circulation, net amount, $$4,93O,oo0. Total liabilities, $326. 54,000.
 10 per cent.
 Cash reserve against net liabilities 97.9 per cent.
 Cash reserve against liabilities after setting aside 40 per cent gold reserve against net amount of federal reserve notes in circulation, 9S.9 per cent.
 In its weekly analysis the board says
 Loans and discounts show an increase for the week of about $67O,000. the large gains in the southern district banks be- Ing partially offset by decreases shown by the other banks. Of the total amount of paper held over 43 per cent natures within 30 days and about S2 per cent within 60 days. The amount of agricul- tural and live stock paper maturing after 90 days, but within six months was $S24,000, held mainly by the Dallas san Francisco and Chicago banks Dis- count operations of the federal reserve banks are likely to receive a fresh im- petus as the result of the further re- auction of discount rates authorized by the board during the current week. The New York rate of per cent for com- mercial paper maturing within 90 days Is lower than like rates maintained at present by the European central banks.
 Clearing House Banks
 New York February 20.-The statement Of the actual conditions of clearing house banks and trust companies for the week shows that they hold $137, ,176, 45O reserve in excess of legal requirements. This is a decrease of g, ,69S, 300 from la week. The statement follows: Actual cond tion: Loans. etc., g, ,2SS, SasoOO; decrease, $4S1,000. Reserve in own vaults (B). $S65, ,176 00O decrease, z, 975, GOO. Reserve in federal reserve banks, $111. .696.- ooo; decrease, $l,597.0O0 Reserve in other dcpositarfes. $s2. 7Sl. 900; increase. $1s,Oo0 Net demand deposits. $2.156O52, 900; de- crease, $l0S09,0OO. Net time deposits s97. . s3LO00; increase, $4S75,OOO. Circulation. *sAo,oVo; decrease. $49,000 (B) of which syl' 6oS'oO0 IS specie. Aggregate reserve, $5c9, 66S,OOO. Excess reserve, $137. .l74 l50: de- crease, $2.6S8.e00. Summary of state hanks and trust companies in Greater New York not included in clearing house state- ment. Loans, etc., $555.9l5. 800: increase. $1, 800. Specie, $43.950 200; increase. s1 07.50O. Legal tenders, $lO.0e5 400; decrease $2oo.4OO. Total deposits. >666s 800; in- II crease, $13,S $500. Banks cash reserve in vault, $1O90s.OO0. Trust companies ca ash 4 reserve in vault. $43.075,600 Live Stock Market Chicago, February 20.--Hogs: Reoefpts. 20.OO0; market strong Bulk. se. 40@s .55: light, $6. l0@6. .65; mixed. s. 3O@6. .55; heavy . 6.7O. "
 Cattle:. Receipts. POO; market steady. Native steers. $5.26@e 50; cows and heif- CTS. $s. .40@7.6o; calves. H.50@11.
 Sheep: Receipts. 1000; market slow. snesp' ,Sp ss;sS@ oss9s |; yearlinss' T.s5G7.so;
 St. Louis. February 2O.--Hogs: Receipts 5000; market steady. Pigs and lights, S4. 50 @6. .50 mixed and butchers, 6. 4066. 7O good heavy, $6.55@6.7o.
 Cattle: Receipts, 50; market steady. Ma tive beef steers. H@8 30; cows and heifers.