The sun., 1916-10-08
CASH RESERVE GAIN
IN FEDERAL BANKS
Combined Gold Holdings In
creased 1000. 600 i'm
Last Six Months
DEPOSITS TOTAL MORE
Discounts Decline. Consider
able Liquidation Being Re-
ported In South.

WARRINGTON. oct. 7.-Continued l.q-
uidation OF discounts and acceptances.
large purchases of municipal warrants
and considerable transfers of gold to
agents to reduce the banks liabilities
on notes. accompanied by substantial
gains IN member bank deposits. are In
dictated by the weekly bank statement
Of the Federal Reserve Board as at tho
close o. business on october 6. issued
to-day.
The aggregate cash reserve OF the
banks increased during the week by
about $4,000. 900. while total gold re-
serves show a slight decline. Combined
gold holdings OF the banks n agents
are now about s592. 600. 900. a gain for
the last six months OF about $s4. 000. 900.
Of which $4,000. 900 represents the in
crease of gold In the hands Of agents
and $4,000. 600 the increase In the banks.
Considerable shifting OF gold between
the banks is shown. largely the result
Of transfers on the books Of the gold
settlement fund. Boston reports a de-
crease of over $4,000 900 in its gold re.
serve. which Is due In part to net with
drawals OF Government and member
bank deposits. the building up OF large
favorable balances in account with
other Federal reserve banks and the
transfer OF gold to the agent.
The New York bank reports n gain OF
e3.7oo.oO0 in It's gold reserve and OF
$4,000 900 in total reserves. mainly from
the redemption of notes by the Treasury.
Chicago reports "A gain OF $4,000. 900 in
total reserve. following the collection
through the gold settlement fund OF
part Of its favorable balance with other
Federal reserve banks.
Reserve Reductions OFFSET.
Reductions 4 sl,7oo,ooo and Of
$4,000 600 in cscrve reported by the
Minneapolis anu SIn Francisco banks
are more than offset by increases In
their balances due from other reserve
banks.
Discounts on hard show a deere Use
during the week OF almost $4,000. 900.
Dallas and the other Southern banks
reporting considerable liquidation Of
paper. .Acceptances on hand decreased
about SO. 200. 900. OF the total bills. In
Guiding accept inces held by the bank.
<2.4 per cent. mature within thirty days
and BIS per cent. after thirty days but
within sixty days.
Transactions IN United States securi-
ties, including the conversion Of : per
cent. bonds into 3 per cent. bonds and
treasury notes. are reported by nine
banks, resulting In a decrease Of s2.l74.-
900 In the amount Of bonds and OF ST.
83S.00O In the amount Of treasury notes
held. Aggregate holdings Of warrants
increased over 81, 00o 900. Eastern banks
reporting large purchases Of New York
city notes.
Total earning assets differ but slightly
from the total shown the week before
and constitute about 33O per cent. Of the
banks paid In capital. as against 33e
per cent. shown on September 80. Of
the aggregate earning assets. +2.2 per
cent. In represented by acceptances :4.e
per cent. by United States bonds; 1873
per cent. by warrants 1873 per cent by
discounts. and Is per cent. by treasury
notes.
The New York Federal reserve bank
reports an increase OF 0 600 in the
amount OF its paid In capital. correspond
Ing to a reported increase of 10000
600 in the amour, of capital OF a leading
New York city member bank.
u Deposits Decline.
Government deposits show a decline
for the week OF 5000. 900. the three
eastern banks reporting large net with
drawais of Government funds. Net
member BAN deposits increased s4.s00,-
900, New York. Atlanta and Dallas re-
porting the largest increases.
Dallas reports the deposit with the
Treasury OF 81, 900 900 to reduce il
liability on Federal reserve ank notes
TIE agents report total net issues to the
banks OF s22O. $50 900 OF Federal reserve
iotes. an increase for the week OF So
:23 gO0 Against this total they hold
.2O+.l7s.o 400 Of gold and sl6.220.o00 OF
oaper. The banks report a total OF soOl.
1854 900 of Federal reserve notes In actual
circulation and aggregate liabilities OF
81 l.7S2.O0O on notes issued to them by
the agents
Statement Of Combined Banks.
Statement Of combined resources and
liabilities ~ the twelve Federal reserve
banks at cl,s Sc Of husinc yesterday. last
three ciphers omitted
RESOURCES.
Oct 6, Sent. 20. oc, 8.
1915. 1916. 1916.
Gates in vsul, ''''''. ,.ss.sM s.s,.s SIS ,.c7.7e
Gold settlement fund, li9.tN iet,t2l 35.S'
Gold redemption fund
Total s,,H . o, $, re rsr.:nr'r ,ss ssg a.!asiss .s ia
Legal tender notes,
silver. &c,...,n.. 1891 ISL ITO
Total reserve. ..,.,..,,. iOo,9ss 3&I0O6 3O6.l3
Five per cent. re Tenn
ton fund against =.
haolF ~ I'M IN