The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-16
RESERVES OF
CASH AND GOLD DROP
Earning Assets Of Federal
System Now in Excess Of
$15O,0OO,0OO
q. g. N IN THE LEAD

WASH fl<0roN, A0Su 1S.-Decfoaoo0 OF
34.6oo.o0o each IN the sold reserves and
total cash reserves Of the Federal re-
servS banks took place In the past
week. according TO the weekly statement
Of condition made public BY the Fed.
eral Reserve Board to-day. Here 10 the
statement:
'The earning assets a. the result Of
additional investments In gold securi-
ties and bankers acceptances increased
81, 900, 900, and for the first time are In
excess OF $50, 000. 900. The 'noat' be-
tween Federal reserve banks WAS So
700, 900 larger than the week before.
The largest losses in gold reserve are
shown for the Chicago, New York and
Cleveland banks. part OF these losses
having been offset by increases In the
gold reserves OF the st. Lou and
Philadelphia banks.
Discounted paper on hand totalled
about 81, 200, 900 less than the week be-
fore. Chicago and Richmond reporting
the largest decreases OF This class OF
paper on hand. OF the total paper on
hand $40 per cent. natures within thirty
days and 35.S per cent. after thirty but
within sixty days.
"Acccptances show an increase or
about $1,000 900. New York and the
Western banks reporting the principal
gains under this head. AS the result
OF recent conversions Of . per cent.
bonds the banks report among their
assets $3.200,00 Of one year 3 per
cent. Treasury notes In addition 70 $f+,-
100000 Of United States bonds,
Bena Purchase.
Additional bond purchases are re-
ported by eight banks increasing the
amount OF Government bonds and not
on hand by $1,000. 900. The amount OF
municipal warrants held by the banks
York reporting the largest gain under
this head.
'Of the total earning assets United
States bonds constitute at present :9.9
per cent, a~cceptances 2s.4 per cent.
warrants c3.s per cent. discounts li7
per cent. and United States notes 3?
per cent. Tho ratio OF earning assets to
be paid in capital tands at 27f per
cent, compared with 26s per cent. the
week before and 16o per cent. three
month previous.
AS the result Of the transfer NJ Ger
tain Connecticut banks from the first &c
the second Federal reserve district ths
capital Of the Federal Reserve Bank Of
Boston shows a decrease of 1850 o AM
tie capital Of tho New York bank
corresponding increase. Government de
posts show a decrease Of $4,000 o0
New York anil Philadelphia reporting
the largest net Withdrawals Of public
funds. Member banks deposits increased
about SO. 900, 900. largely as the result o'
the larger net figures shown for the New
York. ST Louis and Kansas City banks.
THE circulation 'of Federal reserve
bank notes increased $4,000 during the
week and now stands at $l.400.000
Federal reserve notes outst anding as re
ported by the agent" aggregated $lSs.
3oo. 600. or 1880. 900 les. than th'
amount reported outstanding al tho be
ginning Of h year.
Against the notes outstanding thu
agents hold at present $~l76.e00.0oo o.
gold thus the total net addition of cir
oulating medium attributable to Fedora
reserve notes Is less than $4,000. 900
The banks report $4,000, 900 Of note:
on hand and a total OF sl6t.20o.o 400 I,
actual circulation. Their aggregate liza,
bilit!es on these notes arc given a.
5 $500, 900"