The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-07
CASH RESOURCES OF
u. s. BANKS DROP
Decrease of S7.4OO.O 900 in the
Past Week Shown i'm the
Boards Statement.
GOLD DECLINES $780, 900

WAsHINGroN. March "a decrease in
the cash resources Of the Federal re-
serve banks in the past week is shown
by the weekly statement Of condition
issued by the Federal Reserve Board to-
day. This memorandum was issued
summarizing the report:
The cash resources OF the banks show
a decrease OF about $500. 900. the larg-
est Withdrawals of cash being reported
by the New York. Philadelphia. Mime
apolis and Boston banks. Gold re-
sources show a decline Of only 100, 900.
none OF the banks named excepting
Minneapolis indicating any substantial
decrease in their gold reserves.
Loans and discounts show a gain of
about ST. 1900. 600 for the week. OF the
total amount Of commercial paper held
10y the banks about 30 per cent. IL repre-
scented by bankers acceptances, Of which
nearly $1,000. 900 were purchased during
the past week. over one-half Of these
, acceptauces is held by New York and
the remainder in decreasing proportions
by the Chicago. Philadelphia. Boston.
Cleveland and Minneapolis banks
Commercial Paper.
Almost thrce-fourths Of the I 400
600 discounted in the commercial pa
per appears to he held by the Southern
banks. Owing to the large gain In the
amount OF acceptlnces the percentage
Of paper maturing within so TO 90 DAYS
shows an increase since tho end of the
previous week from % per cent to 81
7 per cent.
THE percentage ~ thirty day papcr
stands now AZ ~ per cert, as against
% per cent. ri the end Of the previous
week. while the percentage of sixty day
paper shows 4 decline during the same
period from 81 per cent. to about 90
/ per cent.
THE amount Of Investments shows
an increase for the week Of $4,000 o
both warrants IS well As United States
bonds on hand showing larger totals
than the week before. About $4,000 QUO
are reported held by six Western banks.
Chicago, San Francisco and Minneapolis
claiming about 90 per cent, Of the total
amount thus invested.
Municipal and kindred securities
amounting to over tl4.o 600 600 arc held
by eight banks Of New York. Bost n.
Philadelphia and Cleveland Oilc~ 70
sources show a decrease of about
5000. 900. mainly because of the smaller
amounts Of national bank notes and
Federal reserve notes IN the vaults OF
the banks.
Deposits Decline.
Deposits declined about $500. oOO.
the larger loss of $4,000. 600 reported by
New York being partly offset by smaller
gains for So. Louis. Minneapolis u
Kansas city Federal reserve agents re-
port a total Of 100000 OF Federal
reserve notes issued TO the banks. an
Increase Of about s3.500, 900 for the
week. OF the total amount issued about
- per cent. is secured by gold on de-
post with Federal reserve agents.
The banks report as their total out
a. A.. ans 80 Aa --H-
for the week about equally as large
as that reported by tho agents. The net
Liability of the banks on account OF their
outstanding circulation is stated ~
g.. a32 600"
Here is the detailed statement:
RESOURCES.
rhlladel.
Boston New York phia
ornAcatc- sisuloo ,es-s2.on sil.s 90
Legal tender
note silver
ccrlhcatcs and
subsidiary coin :?se"c rlsss.Nn tn-"
Total. .... NSl2sen uoTeoo soa "cr
and ioaus''''' --son aniooo iiaa.N
Investments sgd" s..5 40 1895
Due from other
+ X ia ,uCtl ...... $4,000 4ss. ~
All OF n ~
sources, UNITS "icH 10000 geo"
tt resources ,,aSe,."o $50, ~ !c"c So. $50. ~
LIABILITIES
Reserve deposits tlslt6,"eo !lc2. tn.po sle, IS o.
Due TO other 7.
X. Bs. nett. $1,000 .... ......
Capital paid in. 33e,"o ss3S"O ilbe,cs
tt liabilities. tlass,"o sl29.@s.No 81. $50. ~
Tho weekly statement shows that IN.
decrease IN the cash resources ~ 'he
Federal reserve banks In the last week
was $500. 600.