The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-07
BANKS INCREASE
U. S. BOND HOLDINGS
Amount Owned by the Reserve
System Is in Excess Of
$4,000, 900.
CASH WITHDRAWN

wAsHINoroN. May S.-ConsideraD,e
gains in the holdings Of United states
bonds and municipal warrants and with.
drawals of cash in somewhat smaller
volume are indicated by the regular
weekly statement Of the Federal Re
serve Board showing the condition Of the
Federal reserve banks as at close OF
business on May s.
All the Eastern banks report smaller
gold reserves than the week before. New
York's decrease being caused largely oy
q deposit Of more than 81. 500. 900 gold
with the Federal reserve agent to reduce
the banks liability on outstanding Fede-
raj reserve notes. Richmond and San
Francisco report substantial gains "
gold as the result OF the last settlement.
The total cast reserves Of the banks
show q decrease for the week Of S6.S37.-
900. the larger losses OF cash indicated
for the New York. Philadelphia, Cleve-
land and Kansas City banks being offset
in part by gains made by the Richmond.
Minneapolis and San Francisco banks.
OF the total amount Of discount. I'd
paper about two-thirds or 1881, 900 Ia
in the hands Of the three Southern banks.
This ngure Is about 2s PEI cent less than
in the beginning Of the year. Less than
30 per cent. OF all bills held by the banks
at present are discounts. as against 5S
per cent. In the beginning OF the year.
Paper Holdings.
Acceptances on hand show but little
change In volume since last week. Phils-
delphia reporting the largest net gain
in its holdings Of foreign trade accept
ances. OF the total bills held by tho
banks A.2 per cent. natures within thirty
days and 40.6 per cent. after thirty, but
within sixty days. More than "a per
cent. Of the total discounts. or about
5 $500. 900. IL agricultural and lives took
paper. maturing after ninety days. Dai-
las. Kansas city and Chicago report
nearly three-fourths OF this class Of
paper.
No change Is shown in the amount
OF Treasury notes hold by the banks.
The amount Of United States bonds
owned by the banks Is now in excess
Of $50. 200. 900. About $lI 500. 900 OF this
total has been deposited by the banks
with the Treasurer of the United States
W Ft'uEt 'lT'uldtlpH.
Against the amount deposited the
banks report S5.3ls.000 OF bond secured
notes received from the Treasurer and
Sl,694,0 900 of such notes In actual cir
culation. Municipal warrants on hand
increased during the week 81. 200, 900,
all the banks active in this field excep,
Boston showing larger figures tina the
week before.
OF the total earning assets 81 per
cent. II represented by United States
bonds. ?9.6 per cent. by acceptances
2<3 per cent. by warrants; 1875 per cent.
by discounts. and "a per cent. by 3 per
cent. Treasury notes. The ratio of earn
ing assets TO paid In capital stands a,
present at 29+ per cefh.. compared with
ESQ per cent. AZ the end OF the previ.
Gus week and is? al the beginning of the
year.
As the result OF adjustment OF &C.
counts following the transfer of member
banks from the Eleventh to the SIKH
district the Atlanta Federal reserve
bank reports an increase OF SCI 600 II
its paid in capital The total paid IL
OF abou, $50. 200 since the beginning o'
| the year. Government deposits de
| creased slightly during the week while
net bank deposits Increased more thar
3 $500. 900. Chicago. New York anC
Philadelphia reporting the largest gains
under this head.
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