The sun., 1916-02-06
SS,700,OO0 DROP IN
THE CASH RESERVES
S7.9OO,OOO Decrease in Gold
Also Reported by Federal
Reserve Board.
BOND HOLDINGS INCREASE

WASHINGTON, Fob. B~-The Federal
Reserve Board made pubtso to-day its
weekly statement az At CLOSE OF bus'-
ness February 1. The statement indi-
catea decreases Of Ss,70o.ooo IN total
cash reserves and s7,eoo,ooo in the COM
bined gold reserves OF the ban,eA
The New York bank reports . de-
crease Of ss.3oo.o00, and the Chicago
and ST. Louis banks like decreases OF
about 81 100000 each, . combined de-
crease for the reserve banls in the
thre, central reserve cities of 10000
ooo offset in part BY gains Of gold
show for the Boston. Richmond, Cleve
l,.tsi. Philadelphia, Kansae CITY and
San Francisco banks.
The decrease In gold reNerve In ac-
companied by an increase OF nearly
| 50. 900 900 in the amounts OF Unlted
states bonds held, q decrease OF sl.Ioo.-
900 in the total Of other earning assets,
a decline in member bank deposits OF
$500. 900, a gain OF about S2.loO.ooo IN
Government deposits and an increase OF
tho float" by S4,5oo.ooo.
Paper Liquidation.
Considerable net liquidation Of com.
mercial paper is reported BY eome OF
tho banks most active In the decoun'
aeld Atlanta, Chicago and Kansas City
reporting large decreases IN the si''o"i'''
OF discounts held
Accentance. show but little change
since the preceding week. and constitute
now more than 81 per cent. OF INC to'a,
bills on hand. More than one-third OF
the paper held natures within tnry
DAYS and more than 40 per cent are,
thirty but within sixty days. A totai
Of s2,sO0, 900 Of agricultural ana i've
stock paper maturing after ninety Gays
4. reported among the earning assets OF
tho banks. as against S3.5oO,Ooo AZ the
| end OF the preceding week.
| Additional purchases OF about $S.ooo'-
| 600 of United States bonds arc reported
by six banks, Of the total amount OF
bonds included among the assets OF 'ne
banks Sl,276.o5o has been deposited py
two banks with the United States lress'
urer to secure bank notes ~h,eh' NV
ever. have not yet been put into actual
| circulation. -.
| A slirh, increase in the amount OF
! warrants on hand r. shown. New fork,
81 Louis and San Francisco reporting
larger figures than the week before.
OF the total earning assets discounts
constitute at present 20 per cent. Ar-
ceptances. 27.2 per cent; United sta,ess =
honds 25.2 per cent. and warrants, 2l.o
ner cent. The ratio OF total earning
aese.s 10 paid in capital is l76 per cent.
compared with l73 per cent. week De-
| fore and l3s per cent. about three
| months before. Net Withdrawals OF 40
pos.ts reported ny tho Boston. New
York. Philadelphia and 81. Louis oanKs
account for practically all OF tho oe-
crease Of s5.5oc.ooo In member banks
deposits shown.
Notes OutstanAin0.
Federal reserve agents report total
Of S2i7.soo.00o Of Federal reserve hcte1
| outstanding a decrease since the earlier
week Of about sl.2oo.o00. Win the ex'
csn,,on OF Minneapolis and Dallas, none
| AZ, tho banks received additional notes
vh,ie even banks returned notes TO the
agents for redemption Against the totaI
amour. OF notes outstanding the agents
hold s2obloo. 600 of gold and sl%'S'o''
900 OF paper. The banks repor, totA
circulation OF slSl.4oo,0oo. and sgsre'
.a,. no, liabilities thereon OF less than
$40 900. 900
T-he detailed statement for New York
Boston and Philadelphia follows;
RESOURCES
Ros,on ny Pnns
Har three cinhers omitted
COLO 'V,n or xsai, ''.. .,,sbg Cta,se N2ss
| Gold se',lement fund ..,. s,V-z lso't 81"
Gold redemption flnd'. ''' Gee
: Total eold reserve. .Essls Sle''SSo 'io'''
, Legal tender notes, sl' ..s, .,.o, q, A.
yer, 6c,,.....-...'t'''' s"o' s''''' WV
rcn r.~rv. .n,:g ns',sss Si,;,,;
: nils Il .count ed members ITo S9- "!
bills bought in open - ,,,.. -.
market ..,.....,,.,.''.'' ''I' ii'''' -
Total bills on hand. f,ss3 Ni'" N's'
| Investments; ~ ., .,
United States bonds s%9 -: ~.
Municipal warrants "fJ '''7' -''
: Total earning asse's .s!?,aS Ns'oH VS.
Federal reserve notes, 80 ....x 60,
Drie from other Federal
reserve banks, net..,., -: -, "
All other rc-oun'es..,.'' SN 81" -
Total resources. ..,..,. sSs'os s'1$"s 's''e'
LIABILITIES
CapitA paid IN ,..,....., Slos N.Ws %
Government deposits. ~, oS q, "
= R%.srye deposits net. S,-3' lVVS 1','
= | Due To other Federal
reserve banks, net, Fh hY-' ''
To,G ushilitie. .'8'N's G'<3G 'I's'
RESERVE BANK STATEMENT.
The Q, a,emrnt ~ the Federal Reserve nan
. OF New YORK follows,
RESOURCES