Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-07-02
FIFTH DISTRICT BANKS
make GOOD SHOWING
Rcdiscounts Of Federal Reserve
Bank Largest In Many
Weeks.
ENORMOUS GAIN IN CLEARINGs
Consolidated Statement for All
Twelve Banks i'm Reserve System
Shows Gold Reserve Agniust All
Liabilities OF 6S.S Per Cent.

The excellent condition of tho banks
OF tho Fifth Federal Reserve District
is illustrated in "A report issued Scster-
day by Governor George J. Seay, which
shows that tho rediscounts for June,
1916, werc sGGais7 iess than June, 1915.
4. The total redisccunts for June. 1916,
amounted TO sS,334S23 and for tho cor
responding month last year, S4,o94.3l0.
In the opinion of Richmond bankers
this shows Mat the banks throughout
the district have an abundance Of
money TO accommodate all demands
made on them.
Rediscounts for the past week were
the largest in many weeks, the total
reaching S1.1e6.321. For the week
ending June -, the total WAS only
S55o.319 and for the week ending June
II, s6l4Go9. the two weeks not ag-
gresating as much as the last week in
the month.
The total resources Of the bank on
July 1 were S30,5Sl,23S being S9lS,31i
more than the total of the preceding
week. The gold reserve against all
liabilities remains the same, rs per
cent. and the total Federal reserve
notes in circulation. S4.0s3,215. while
for the previous week the total was
$500.
Bank clearings in Richmond con-
tinue to show IA largo increase when
compared with corresponding dates last
year. The report of the Richmond
Clearing House Association for June.
1916, shows that the total clearings for
the month amounted to S70.225.T0l: for
the corresponding month last year, $780,
799,5OS, an increase of S3o.426.293
The above report does not include
the clearings of the Richmond Country
Clearing Association, which amounted
to S7.960,5O0 for tho month.
The combined increases of the two
associations show that the clcarngs
for June of this year amount to S3S,-
3S6,793 more than the month of June
last year
CONSOLIDATED STATEMENT
FOR ALL TWELVE RANKS
An increase of nearly $7.000.O00 in
the total reserve of the Federal re-
serve banks in the week ending June
%, was shown in the statement of the
Federal Reserve Board. issued yester-
day in Washington. The increase in
the total gold reserve was more than
100000. The statement follows:
Resources.
Gold coin and certificates
in vault ...............S o6H.O3S,0OO
Gold settlement fund ...., ll2,93l 900
Gold redemption fund with
United States Treasurer. 1.7S9,000
Total gold reserve ..s 376,75S.Ooo
Legal tender notes, silver,
etc. 27,44s.ooo
Total reserve ..s 404cO6, 900
Five per cent redemption
fund against Federal re-
serve bank notes. | 5000
Bills discounted and bought:
Maturitics: within ten daySS Il45l 900
From eleven to thirty days 1880 900
From thirty-onc 10 sixty
days Observation-Disclosures. 2s4o2 900
From SiSty-onc to ninety
days Observation-Disclosures. 3o,6l4.O 900
over ninety days ......... 5,lS7,OOO
Total Observation-Disclosures 92.2s3. 900
<Investm L s. bonds. 5@939, 600
One-year United states
Treasury notes ~ 1870 600
Municipal warrants ... o2.671 900
Total earning aSscts..$ I72OS3 600
Federal reserve notes net. 23lS2 600
Due from Federal reserve
banks, net ...... c0.tl4 900
All other resources 46@o 600
Total resources S 6o4.o57 600
Liabilities.
Capital paid il....s 54s54,oon
Government deposits . l0ll5"oO0
Reserve deposits, nct...... 457.5O3 600
Federal reserve uol,.a. net 94iO0 900
Federal reserve bank. notes
IN circulation .....-.. l.721 900
All other liabilities. ...... 2s7000
Total liabilities ...s G24.e57. GOA
Gold reserve against net deposit and
note liabilities, 6s.S per cont
Cash reserve against net deposit and
note liabilities, 73.S per cent
Cash reserve against net deposit liza
Utilities after setting aside 80 per cent
gold reserve against aggregate net liza :
hilities on Federal reserve notes in
circulation, 74.i per cent