The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-09
FEDERAL RESERVES
SHRINK 100000
Slight Loss for Week, but
Banks Earnings Show
Good Increase.
sold STOCKS REDUCED

serves Of the Federal reserve banks de-
creased Ss.200.00o during the past week.
according to the weekly statement Of
condition made public to-day BY the
Federal Reserve Board. There was a
shrinkage Of approximately 100000
in total gold reserves due to a reduction
in the gold settlement fund and the
volume Of gold and certificates In the
vaults ~ the banks. The depreciation
Of gold reserves was partially offset by
an increase OF nearly $2,o0o,o 900 in ;he
amount Of legal lender notes and silver
held as reserves.
The statement indicates considerable
activity by the banlis In the open mar
ket during the past week. resulting In an
increase by about 1I.s millions In the
total amount of banks earning assets.
Among these assets are shown $1.?3e.o0o
United States Treasury notes issued in
exchange for . per cent. bonds previ-
ousiy acquired by the Federal reserv"
banks. These notes bear interest at :hc
rate OF 3 per cent. per amman and are
payable one YEAR after date OF issue.
The combined gold reserves NJ the
banks decreased during the week 30
millions, while the banks aggregate
cash reserves declined about &C. mill
ions. Considerable net wi;hdra walls or
gold are reported by tho Boston. A.
lanta, Chicago and Dallas banks.
Roston's Reserve Drops.
The decrease in Boston's gold reserve
by about 10 millions Is practically on
set by an increase in the total due
from other Federal reserve banks. As
against a reduction OF 10 millions
in its gold holdings. Atlanta reports
the purchase of over 100000 or
United States bonds and the deposit
with the agent OF $1,000, 900 10 withdraw
maturing paper. The increase by IL
millions in tho amount Of United States
bonds on hand more than accounts for
the loss OF IL millions OF Chicago's
gold reserve. while the purchase OF about
l.5 millions OF United States bonds fully
offsets the decrease OF Is millions In
Dallas gold reserve.
A rerewal OF discount activity. after
a period OF comparative inaction. is
for the Chicago and Dallas banks.
The aggregate OF discounted paper held
by the banks indicates for the first time
during the present year an increase over
the figures shown for the preceding
week. Acceptances OH hand show an
increase Of IL millions. the New
York and Philadelphia banks reporting
the largest gains under this head. OF
the total holdings OF this class OF paper
the three banks on the Eastern seaboard
are credited with over so per cent. or
the total amount Of paper on hand 81
per cent. natures within thirty days
and 3+.l per cent. after thirty but within
sixty days.
4. .. Zoads Popular.
The week witnessed the purchase by
sever banks of nearly $1,000. 900 Of
United States bonds, also an Increase Of
90 millions In holdings OF municipal
warrants. Cleveland reporting the pur.
chase OF about . millions OF notes issued
by Ohio municipalities.
The statement OF the Boston. New
York md Philadelphia banks Is as fol-
lows
RESOURCES
Boston Y Phila
Last three G. phers omitted }
in. vsul, '."."."-...'. 1885 s,ss.7a S.tT
Gold redemption fund g. 30 50
Total gold reserve. 90. 81. s4s Slss.i ls sls ~,
Legal tender notes. oil.
ver, c........... ttN .4
Total reserve .....,.. .Sil. ~ Slsa.6iS Sl5.5s5
Bills discounted. member 80 $50 81
Bills bought In omen mar.
ket Ic.ia 1901, $500
- - ---
Total bills on hand. .Sie.%7 Sis1sI So!
Investments:
United S'atea bonds ...... g - g. a. S1N
One year United States
Treasury notes,..... zoe. SO
Municlp pal warrants ISIS AKA sos
Total earning assets =. Sis3i2 So. as 3,1-l
Federal reserve notes, net 20 1895 IL
Due from other Federal
reserve banks. net ...... 3.456 ara
All other resources .,.... Is sNO qs
Total resources ......... ss.lSs s,Is.o7s ss:. as
LIABILITIES.
Capital paid n............ $40 SllS ScIb
Government deposits. Na s.3T Iii
Reserve deposits, net go. .S.t:7 lSsl2, . "a
Due to other Federal re-
serve banks. net ........ ... Il N3
Total abilities ......... &S'.iss s,Iao;s ssc7c