The sun., 1916-04-23
TOTAL RESERVES
DROP $S,SOO,OOO
Decrease Of $6. 100000 Gold
Also Reported by Federal
Reserve Board.
BOND HOLDINGS JUMP


serves Of the Federal reserve banks and
Of $500, 900 in the total reserves oc-
CURED in the past week. according 10
the weekly statement Of the Federal Re-
serve Board made public to-day. The
boards summary OF the statement fol-
lows:
New York reports net gold with
drawals for the week s5.S00.0OO: Phila
delphia, So. 200. 900. and San Francisco OF
over 81 900. 900. while Boston elbows a
gain in gold holdings of s3.4O0.000 and
Chicago OF $1.0O0.00O. New YORK re-
PORTS also a decrease or S2.9OO,OoO IN
reserve other than gold. while Chicago
shows gain under the same head OF
81, zoe. 900.
The decrease in reserve shown FOR the
New York bank is accompanied by de-
crease Of s6.sOO. 900 in deposits and s2,-
700. 900 in the amount due to other
banks. while the decreases in reserve Tor
the Philadelphia and San francisco
banks go together with considerable in
creases in the totals due from other Fed
eral reserve banks.
"a decrease Of about 100000 is
shown in the aggregate OF commercial
paper held by the banks, Chicago and
Kansas city both reporting smaller fg-
ures than the week before. while the
holdings OF each of the three southern
banks were In excess OF like hgures
shown the week before.
Bankers acceptances on hand are at
present about twice the amount OF dis
counts, the total reported showing
slight increase since the previous report.
OF the total paper on hand 34.6 per
cent. natures within thirty days anu
394 after thirty bun within sixty days.
About s2,100,000, or s.6 per cent. OF
| the total discounts on hand. In repre-
scented by agricultural and live stock
| paper maturing after ninety days, Dallas
and Kansas City reporting between them
! about so per cent. Of this olas Of paper
The bond holdings OF the banks show
a further increase OF about 100000.
while conversions Of . per cent bonds
| into 3 per cent securities, Viz. one
year per cent Treasury notes and 3
per cent. bonds in equal proportions. are
reported by two banks.
! Municipal warrants on hand increased
about $500. 900. though all the Eastern
| banks report smaller holdings than the
week before. The total earning assets
stand now at slSl, zoo. 900. about $1.100.-
| oOO in excess Of the total shown the
week before. and are now 216 per cent.
Of the paid IN capital. though only 29.2
per cent. OF the combined capital and
deposits Of the banks.
.u' I-.i.., v,.,a. ho,,a, os Z
as io'o"7 ,I'.eu o'". oo "''
! per cent acceptdi'CeS' $50 YET ceu@
| warrants 2I.3 per cent. discounts, 14.6
| NOR cont and United StateS notes 9 6
per cent.
The combined paid In capital OF the
banks shows but little change since the
previous week though proosoly as uhe
| result OF transfers OF IneHOer oaiks
| from the Dallas 10 the Alta ntic-New Or
' 4; ct, Nla tH
me New iork nistrict the ainoun.s VI
| .he '"P'a' VI 'he pos'o" ""u N''H''"
BANKS underwent SUBSTANTIAL changes.
AN increase of about $500, 900 in Gov.
| amman, donn.,t, 10 oboun 1rhiIa ma
! -. ,..La, -, aauo.t.. a..,,,nn,, 10 - M
r 600 during the week. mainly at tho New
, ! York Ros,on and Philadelpha banks
.S,ar,,. g. am ono ~ L,cJor,, r.,orrs
.'''''! "-'''-N
, oank notes are renor''u w crCuialio''
a,nonn, ~ Federal reserve notes OUT.
standing as S1SS 500 600 against which
,h.y hold Sl.S 400 600 OF gold and SO
| -on ana -, ,,,or .r,,o hopts renor,
U - -
slbi.3pn.ooo ot reserve notes IN actua
: circulation and aggregate liabilities
? .. a..