The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-14
net GAIN IN GOLD
SHOWN BY BANKS
Federal Statement Also Men.
tons ga, 900 Jump
in Earning Assets.
INCREASE OF DEPOSITS

WASHINGTON. May 13.-Net gains for
the week Of 3~b,600.o00 In gold. Of S3.-
SOC. 900 In earning assets and 81 1900, 900
In net bank deposits Of the Federal re-
serve banks are indicated by the Fed
erai Reserve Boards report as at close
Of business on May ~.
The New York bank reports a net ad-
dition for the week Of 34.877,000 TO It's
gold holdings. together with increases Of
Ssis.00O in total net deposits, of almost
81 1000. 900 in the total due to other
Federal reserve banks and a decrease
Of $s31 900 In the amount Of other cash.
The Cleveland bank's statement indi-
Gates a loss Of 100000 in gold hold
inge, accompanied by an increase OF more
than $500. 900 Of bonds on hand. of more
than $1,000. 900 in the amount due from
other reserve banks and Of &72S.000 In
total net deposits.
substantial gains Of gold shown for
the Minneapolis, Kansas City and Dali
las banks are accompanied by reductions
in the amounts due from other Federal
reserve banks and increases In total
deposits.
Discounted bills on hand total now
Slightly more than 2 O.o00,0 900. a de-
crease Of about 3S per cent. since the
beginning Of The year. Acceptanees on
hand In the meantime have more than
doubled. The share OF discounts In the
total amount Of bills on hand has de-
from almost so per cent. a. the
be ginning OF the year to less than 80 per
cent, while the share OF sc%ceptances
total has gone up from about 40 to
over 10 per cent.
About 3s.5 per cent. Of all bills oil
natures within thirty days and
SIS per cent. after thirty. but within
sixty days. Agricultural and live stock
paper maturing after ninety days z
gregated about sc,sob.o 900. or 1+b per
cent. Of the total discounts. Dallas, Kan
sas City and Chicago reporting nearly
20 per cent. Of this class OF paper.
Addition to Investments
The net addition 10 investments FOR
the week includes more than 81 1000
OF United States bonds purchased by
FIVE banks. About s53l.ooo OF nunic-
ipal warrants Vas also added 10 the
banks earning assets. practically all
the banks active In this field reporting
larger figures tina the week before.
The earning assets OF the banks. 1884,
5es. o stand now at 800 per cent.
Of the paid in capital. as against 2sA
per cent. at the end OF the preceding
week and 1873 per cent. three months be-
fore. OF the total jus, given. United states
bonds represent 3l,2 per cent. accept
ances. ee.9 per cent. warrants. 24+
per cent. discounts. IA per cent, and
Treasury notes. "a pSr cent.
Government deposits show a decrease
OF si3. 3sl 900. while bank deposits in
crea sed e,.s61.000. the New York. Phila-
delph!a and Minneapolis banks reporting
the largest, gains under this head.
Federal reserve bank notes in CIR
culation increased slightly during the
week To &l,151. 600. Federal reserve
gents repor, q total OF Federal reserve
notes outstanding Of $ls7.l66.o0o. when
Is s33,0 OO, 900 less han the maximum
amount OF these notes reporting during
the current year.
Against the total Federal reserve notes
outstanding the agents hold T'1.5Ss.0Oo
NJ gold and sl0.2l?.Oo0 OF paper. The
banks report a total OF Sl5s.s+s,ooO or
Federal reserve notes In actual circula-
! ton. Their aggregate liabilities on the
notes issued To them by the agents are
given as ss.%02,o OO.