Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-11-05
BANK CLEAR|NGs AGAIN
BREAK FORMER RECORDS
Total for Week Closing Yesterday Is
Largest I'm Richmond'S
History.
MORE THAN DOUBLE LAST YEAR
Governor Seay Issues Statement.
Showing Condition Of Federal Re-
serve Bank Of Richniond-Bills
Discounted Amount TO $333,425.

Another new high record was set
last week by Richmond bank clcaringo.
breaking all previous records in the
history of local financial institutions.
In financial circles yesterday the un-
usually large figure WAS said 10 have
been caused In part by the heavy ex-
changes incident to the frat OF the
month The month Of October likewise
proved TO be the heaviest ever expert
cnced by Richmond banks up 10 that
time.
Clear!ngs last week. according 10 u
statement issued after the close OF bus.
mess yesterday by the Clea. ing House
Association. aggregated 326.2ol .063, AS
compared with $l2.iS7.02l for the same
week Of last year. showing an increase
OF Si3.0l4.Oi2. or more than 100 per
cent These figures compared with
s22.9l5.7i7 the previous week. and &2i.-
I9l,9ss three weeks ago. which until
last week was the high record OF the
city. Although short business day,
the clearings yesterday amounted to
Successes.
During the month of October the
clcar!ngs amounted to sss.s38.o5S. as
compared with s52,5il.lo2 year ago.
showing an increase Of S&6.2st.96s, or
about S. per cent. Including tho clear
ings OF the Richmond Country Clearing
Association. established last December.
local clcarings In October Increased
more than 100 per cent over October,
1915.
FEDERAL RESERvE BANK
DISCOUNTS BILLS ron S3ja,4z6
Bills discounted and bought by tho
Richmond Federal Reserve Bank dur
ing the week ending with the close
OF business Friday. aggregated }333.t:5.
The bank has a total OF gold reserve
against all liabilities OF 81 per cont
Governor George J. Seay issued the
following statement yesterday:
RcbOuYCeH.
Gold coin and certificates 3 1890 ol 90
Gold settlement fund $50. ls.isoooo.oo
Total gold reserve. -. 324,o3o,ool 90
Legal tender notes. silver
certificates and subsidi-
AIRY coin ............... +sl535o
Total reserve S2il2Sl346o
Real ea'ate -............3 Ia0.75olo
Investments ........... 6o75ooo
United States bonds. in
Guiding accrued interest lJe7ol3os
Bills discounted and bought i7s43s744
Due from other Federal
reserve banks. net. 7selaiH
Items In transit deferred. 77.abIlbo
All DINER resources. i2,2l6.S7
Total resources .33e,2s2i<o34
Liabilities.
Capital paid in........S a3to6oo 90
Reserve deposits. net. 2llo7Sefn
United states government
deposits .............. t70ScS7s.
Federal reserve notes in
circulation. net . 3osSst5 500
Items In trausit. deferred. 7cs<{3so7
All other liabilities. lt3I3III
Total liabilities ..as,2e.l4oa4
Gold reserve against all liabilities
s. per cent
Cash reserve against all liabilities.
after setting aside 40 per cent gold
reserve for Federal reserve notes out
standing. s5 per cent
Federal Reserve Notes,
issued ................. .Sls.so5.67c.oo
oh mana ..'.............. 623.l6500
outStandinE ........... *l6.0S:.5l50o
Gold with Federal reserve
agent ............... l:.ss5.s7o.oo
Het liability ...........3 3.0o6.st5.0o
! CONSOLIDATED STATEMENT
FOR ALL BANKS IN System
WASHINGTON, November 4-Tbe