The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-08
GOLD IN RESERVE
BANKS DECREASES
Fell OFF $4,000 00 Last
Week. but Other Reserves
Show 50, 300. 900 Gain.
PLENTY OF T.. s. BONDS

WASHINGTON. Aug, THE total re-
serves Of the Federal Reserve banks de-
creased 81. 900, 900 las, week. The stock
OF gold In vaults fell or 10 the amount OF
over 81. 900, 900. but there was an In
crease OF other reserves Of 5 $500. 900.
These were the principal features OF
the week end report to-day Of the opera
ton OF the Federal Reserve system. The
conditions stated are those that existed
at the close OF business yesterday, Au-
gus, 6. The largest losses OF gold were
reported from the banks OF New York,
Philadelphia and san Francisco. The
loss Of gold Mt New York wac partly off
set by the gain In other cash.
The following Is the report OF the
Federal Reserve Board, made public to-
day. on tho weeks operations:
THE holdings OF commercial paper
show n decrease OF about $3.50, 600. the
losses Of the Atlanta, Dallas and San
francisco banks accounting mainly for
the decrease. The aggregate amount Of
bankers acceptances held increased
about s4is. 900. and constitutes AT pres
ent almost 80 per cent. Of the combined
amount OF commercial and bank paper
held. The New York bank reports the
largest share OF this increase.
Nearly one-haif Of the bank paper
held was either accepted or indorsed by
member banks. or the total CONNER
cial paper on hand 1913 per cent. ma
tured within ten days, and 3l.s per cent
within thirty days, as against 2s.7 per
cent shown at the end of the previous
week. About 6s.s per cent. of the paper
,as against G3l per cent? showed ma
Turtles of sixty days and less,
1.-The amount NJ agricultural and live
stock paper maturing after ninety days
e. e., after November ~ stands now
at slightly over 81, 100000 and constl-
tutes only 81 per cent. OF all the paper
on hand az against 1873 per cent. shown
for the first week In July.
Omitted States bonds on hand in
creased about 5000 900, Boston. Cleve-
land, Chicago and san Francisco re.
porting additional purchases of 2 and =
per cent. bonds. OF the total OF about
$500, 600 held by eight reserve banks
about $4,000, 600 are . per cent and ST.
500, 900 3 per cent. bonds, The latter
are held by tho Cleveland and Chicago
banks only, A still larger Increase Of
about $4,000, 900 IL shown for municipal
warrants on hand New York alone re-
porting AN increase OF about 81 800, 600.
mainly OF Boston city paper,
"The combined total Of bills M in
vcstmonts sta nds at sG1, 500, 600, as
against sG4,s00,00 AT the end OF the
previous week, and constitutes 12+,2 per
cent. OF the combined capital of the
banks. as against 1915 per cent, shown
the week before. Hut little change 10
shown in the aggregate net deposits Of
the banks. n gain OF about 81 300 900 by
the New York bank being more than
offset by loss OF over $4,000. 900
shown for the Chicago bank.
Federal reserve agents report n to-
tai Of Sl3s, 700, 900 of notes received from
the Comptroller OF the Currency and a
total of SOL. 200, 900 net issued to the
hanks, Against the latter amount they
hold ss+,30o.0 900 Of gold and VI. 400. 900
commercial paveN The banks give their