The sun., 1916-10-01
MUCH LIQUIDATION
BY RESERVE BANKS
Additions Of More Than So
100000 in Gold Resulted
During Week.
SILVER INCREASED HERE
Earning Assets and Discount
Paper Show Declines in
Totals.

WASHINGTON. Sept. 3o.-Additions Of
over s.75o.ooo to the gold reserves of
the Federal reserve banks. due largely
to liquidation of earning assets. are in
dicated by the regular weekly bank state
ment OF the board. made public to-day
as at close OF business on Friday. Sep
TENDER 30. All the banks except New
York. Chicago and San Francisco re-
port substantial gains Of gold. mainly
through transfers on the books OF the
gold settlement fund.
New York's slight decrease in gold re-
serve Is more than offset by Its gain OF
silver. The bank reports the liquida-
ton during the week OF $500, 900 Of
paper and United states securities, also
the change Of a favorable to an adverse
balance In account with other Federal
reserve banks. az against net with
drawals OF almost &c. 900, 900 OF deposits
Ph!ladelphia's gain OF $4,000 In total
reserve is due primarily to increased de.
posts. Offset TO a large extent by "a de-
crease In Its net balance due to other
Federal reserve banks.
A net gain Of about S1.400. 900 In total
reserve shown for the Cleveland bank
Is tho combined result OF an Increase
by over $1,000. 900 In total net deposits.
the liquidation Of about 5000. 900 OF paper
and securities on the one hand and an
increase OF 81. 900, 900 in the net balanee
due from other Fedora! reserve banks.
Gains In reserve reported by the Rich
mond and ST. Louis banks are traceable
IN the main to Increases in net deposits.
while Minneapolis's increase In cash .e-
serve Is accompanied by "A considered Bile
reduction in It's net balance due from
other Federal reserve banks. also to
some Increase In net deposits.
All classes OF earning assets show
smaller totals than at the end OF the pre-
ceding week. Discounted paper on hand
declined about sl.750.00O Dallas. Rich
mond and Chicago reporting the largest
decreases. OF the total discounts about
ss00.000 Is the amount advanced by the
reserve banks on member banks own
notes secured by eligible collateral.
~Acceptances on hand show a decrease
OF $4,000, 600, following the liquidation
OF considerable amounts Of bankers pa
per by the four Eastern banks az tho
total bills. including acceptances on hand,
ais per cent. mature within thirty days
and Si.3 per cent. after thirty but with
In sixty days.
Transactions in Government securities
are reported by nine banks. resulting In
n decrease by over 81. 900. 600 In the
amount OF United States bonds and OF
sl.lOO.o 900 in the total Of Treasury notes
held. The total OF municipal warrants
in the hands OF the banks underwent but
little change. though almost all the banks
report transactions under this head.
Aggregate earning assets decreased
about 81. zoe, 900, and constitute at pres
| ent 332 per cent OF the banks paid In
| capital, as against 345 per cent. the week
before. OF the total earning assets AIS
per cent. IL represented by acceptances,
a5.3 per cent. by United States bonds,
I4l per cent. by discounts. IS per cent.
by warrants and IS per cent by Treas
ury notes.
Government deposits show a decline Of
about $1,000, 600. Chicago. Kansas city
and san Francisco reporting considerab.
nct Withdrawals OF Government funds
for the week. Net member bank de-
posts increased about s3.333, 600, all the
banks except Boston. New York and Sar
Francisco showing larger net totals thar
the week before.
Federal reserve bank notes IN c'rcula'
ton are now in excess OF $4,000, 900
The total of Federal reserve notes Is
sued to the banks Is given as S2l3.9G1,.
Oo0, an Increase Of si,lS9,0OO during The
week. Aga!us, this total the agents
hold slg7.572.000 OF gold ana si7,0i4,
COO Of paper. The banks report A tyta
Of sl96. 53S 900 OF Federal reserve note
In actua, circulation and aggregate LA
h!l.tics ~ sl3.2l6,OO0 on notes issued e
them by the agents,
statement Of combined resources and la
hlilcs OF the tw"lvc Federal Reserve bank
at the close OF business OF September -:
RFSol'RrES