The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-07-11
GOLD RESERVES
DROP $@1S,sOO,OoO
Federal Banks Decrease Ia
Offset by Gold Settlement
Fund Credits.
GAIN IN REDISCOUNTS

WASHINGTON, July 10.-0oid reserves
OF the Fedora, Reserve banks decreased
S13.30o.oo0 during the past week. &C
cording to the weekly statement for tn.
reserve system made public by the Fed
eral Reserve Board tonight. This de
crease Was more than offset, however,
by an increase OF SIS, 900, 900 gold In the
credit VI the banks in the gold settle
mcnt Il In the Treasury vaults. The
memorandum published by the board
says
THE statement for the first tim
segregates the amount of gold deposited
with the Treasurer of the United States
for the redemption of outstanding reserve
notes. this amount being at present
about sl.l00.0oO. The principal gains In
the gold reserve are shown--for Boston.
$4,000. 200 Chicago. $1,000, 900, and San
Francisco. $4,000 The New York
banks gold reserve shows a decrease
OF $G,400.00 ~ caused largely by the IL
quotation " its debit balance to the
old Federal Reserve banks after the
previous weeks settlement. The New
York bank also reports a decline OF
$780, 900 In its holdings of old cash.
while Chicago reports a gain under the
same head OF SLIGO, 600. The total cash
snpWS a uffllU' LOT tlt week u
$500. 900.
"R~ediscounted notes In the hands of
the banks show an increase in amount
by about 500. 900, Richmond and Min
neapolis reporting the largest gains
FOL the week. Dallas shows "A loss of
about 100000 in the amount OF COM
inercial paper held. Acceptances show
a decrease of about s221. 900. Phila-
delphia's bcinr the only bank which re-
| rf-te N SphutnvtI.l uag, i, to bntlgnry
o. this type of paper. The proportion
of thirty day paper decreased from
SG.S per cent. to Si.5 per cent. while
the proportion of sixty day paper rose
from 26.9 peg cent. to 81 per cent,
The holdings of agricultural and live
| stock paper maturing after ninety days
declined from over $4,000. 900. as shown
the week before, TO 50, 700, 900. all the
three Southern banks, especially Dallas.
reporting smaller amounts of this class
Of paper on hand.
Additional purchases Of s250,O00 OF
United States bonds are reported for the
week by the Philadelphia and Cleveland
banks. The aggregate of municipal
short term securities held by the banks
increased about s1,5Oo,O0O. mainly as
the result Of fresh purchases Of New
York city warrants. As the result Of
transfers of certain banks from the
. h'lsiN'iIIilt w Nv WV iolh N'IhlN -
ment and OF other banks from the Rich
mond 10 the Cleveland department a
change in the distribution by reserve
banks Of paid In capital is shown. The
decrease In the amount Of total paid IN
capital IL due partly 20 changes in ac-
counts resulting from the transfer of
certain banks from the Dallas TO the
Kansas district and to "A decrease of
paid in capital reported by the san
Francisco reserve bank. Net deposits
declined about 81, 0Oo. 600. Chicago. -.
Louis and Dallas reporting the largest
decreases under this head.
Federal reserve agents report an IN
crease for the week of over $4,000. 600
OF notes Issued Ia the banks. TT. latter
show s?.SS9. 900 notes on hand and So
$4,000 of notes in circulation. The net
liability Of the banks on account Of out
standing notes is reduced largely
through the deposit with the agents If
s74,2i6,OO OF gold and amounts a; pres
eut to Sl3,315.OOO.
Here Is the detailed statement for
New York, Philadelphia and Boston
RESOURCES.
Boston York delphna
Last three ciphers omitted
Cold com and certificates
IN vaults ............ s.. lOl Sill, dg3 Sii-->
Gold settlement fund co.. G47i $50 i,l;,
Gold redemption fund. 81 '5i ~,
Total gold reserve. sl5,aNl SIX 90 SIC ~
LEGAL tender notes. 81
ver, 30 ........ ..... 4W l2,7IO 2G3
Total reserve sls,oli sra,, 7ot sls.7i7
Bills discounted and
bought:
GaS%"% aS@aa,5 %ag.' - - 81. 81. ~, &C.
Totals ,.. $ie3i &4Gi $3.50
: Investments. I. :. bonds
Municipal warrants .... 3. 20. 1850 81 ~.
Due from other + X
BIS net ...... .... I1G -r
Fed. reserve notes met, liS vi ~
An other resources l1S r., 10.
Total resource, 81 5sl si".7ss 'aa 80,
Capital paid IN ''''''. M, sIo.s2a ss.s,e
Reserve deposits met . l1.Nl3 l3-.l2l L qlf
Due to other +, X BIS
] iitll .....s...ta....... ... gir'
All other liabilities ... .. ls4l
Total liabilities g. ~ sim,7.. sa3.,e,
MEMORANDUM
+ X, notes issued to IN"
hinNs s2seo ~. ,oo s.
+. X notes m hands of
banks .......... Az GqN .-t
F i notes outstanding 2+77 a>.elg -
Gold and lawful money
with agents ..,.... 2P9u G.1i 500
Carried To ret assets t3 3S0c III
81 ttis