The sun., 1916-11-27
ACCENANCES GAIN
IN RESERVE BANKS
6aEger Demand for Liquid
Funds Caused by Higher
: Money Rates.
GOLD RESERVES CLIMB
Government Deposits Higher,
Mainly in Kansas City
and Richmond.

WASHINGTON, Nov. 3S.-Furthsr gains
duslns the last week in deposits. 70
suaSlns in substantial increases Of the
goSd and total reserves Of the Federal
roo@w banks are indicated by the
weekly bank statement Of the boards as
a close Of business on November -.
The larger demand for liquid funds. as
rejected by tho higher money rates In
the New York market during part or
ne week apparently accounts for the
considerable increase In the acceptance
business of most Of the banks.
A~egregate gold reserves show an In
crease during tho week OF 32$.300. 900.
all the banks, except New York and
81. Louis sharing in the increase. The
New York bank reports large gold trans
fers in favor OF tho other banks on ac-
count OF tho final reserve 'nstallment
These transfers are largely responsible
for the decrease Of S12. 900. 900 In gold
reserve reported by the bank. CNsh re-
seeve other than gold Increased about
$1,000, 900. mainly at the New York
bank.
Discounts Of commercial paper IN
hand increased about $500, 600. notwtth-
standing tho considerable reductions In
holdings shown by two Southern banks.
Acceptances on hand for the frst time
sxceed 500. O00. 900. New York. Phila-
deaphia and a Francisco reporting the
largest gains under this head.
OF tho total paper. including accept
ances, 368 per cent. natures within
thirty days and IA per rent. after
thirty days. but within sixty days.
Transactions in United States bonds
are reported by Ave banks. resulting In
. net Increase Of s3l2, 900 In the amount
Of securities on hand. No change In
shown in treasury notes held. Largely
as the result of purchases by the New
York bank of local city notes. the hold
ings OF municipal warrants show an IN
crease for the week.
Total earning assets stand now at
1916, S5S. 900, an increase Of about So
000, 900 for the week. and constitute 351
per cent. of the banks paid In capital. as
against S35 per cent. the week before.
OF the total earning assets. SIS per cent.
II represented by acceptances. 2o.2 per
cent. by United States bonds. 1l.3 per
cent. by warrants. 10.5 per cent. by dis
counts and 81 per cent. by treasury
Aotes.
Government deposits show Q net in.
leGss Of s1.14s.00o, mainly at the
Richmond and Kansas City banks. Net
oank deposits increased S14,S1S.000
hfgsly rs the result Of liquidation OF
checks and drafts reported the week
before in process Of collection AND there
1oro treated as deductions from gross
deposits in the preceding weekly report.
FEDERAL reserve bank notes In circula-
ton show a slight decrease. A further
Increase by S2.379.oo0 In the amount OF
Federal reserve notes issued Is shown.
the total outstanding being now $685.
oSi,000. Against this total tho agents
hold e241.566.0 900 Of gold and $l6,s+s.ooo
Of paper.
The banks report . total Of S2<0 49,
900 Of Federal reserve notes In circula-
ton and aggregate liabilities OF 04,-
$4,000 on notes issued to them by the
agents.
Following Is the report embracing the
twelve banks of the system:
RESOURCES.
Nov. Is, Nov. II. Nov q.
1915. 1918 1913.
esd coin and cer,ih.
Gates in vault ......,.. &2s3.I9 $.1.Nl yN6.gw
Gold settlement fund. lTt.s0l l+0,sH 1850
Gold redemption fund
with L. s Treasurer 1iM l.30 l,32
Total gold reserve. 1895 2S.sS s2i.0s
Legal tender notes. sill 49,.
yer, &C. ..,....',....., IIvS p,o" V'hi<