The sun., 1916-09-24
RESERVE BANK GOLD
SHOWS AN INCREASE
Discounted Paper Held Is In
changed. While Accept.
anccS Gain.
T.. ). DEPOSITS DECREASE
Large Withdrawals Of Govern.
mcnt Funds in New York
and st. Louis.

wAstIiNGroN. Sept. 23--The weekly
statement Of the Fedora, Reserve Board
A. at close Of business September 20 In.
dca,cs an increase for the week Of abous
',.ooo,oco in the banks combined gold
reserves and OF about s73o.O00 In the
aggregate cash reserves. Considerable
.hit,ings Of gold between the banks are
shown to have taken place during the
las. week. largely through transfers on
the books OF the gold settlement; fund.
Considerable gains Of gold are re-
ported by the New York, Philadelphia
and san Francisco banks. In the case
OF the first named bank the gain in gold
reserve j. due in part TO considers bic
deposits and tho liquidation Of acccp-
tsnces and by notes: Philadelphia's gain
10 accompanied by an Increase In the
amour. due 20 other Federal reserve
banks. vh!ie San Francisco's increase II
due to the transfer Of gold from other
reserve banks n, the last settlement. The
three Southern banks. also Chicago and
~. Louis. report smaller gold holdings
than a. the end OF tho preceding week.
Practically no change for the week Is
shown in the aggregate Of discounted
PAPER held. O: the Southern banks
Richmond and Dallas show smaller
totals than the week before. while A..
lan:a reports a gain OF over $500. 900
In It's holdings Of discounted paper. The
total given includes the amounts ad.
vanced 20 member banks upon their vi
promissory notes secured by collateral In
the shape Of commercial paper or
United states securitiae.
All the Federal reserve banks have
announced special rates varying from 3
10 I per cent. for loans Of This charac-
ter Acceptances on hand show an in
tease Of about 1880. 900 despite the
fact that the Eastern banks report de-
creased holdings. OF the total bills. In
Guiding acceptances on hand. I? per
cont. mature within ten days and about
81 per cent. after ten. but within thirty
a..
Treasury Notes Decrease.
transactions In United States securi-
ties are reported by three banks. result.
Ing In an Increase Of 3S3s.00 In the
amount OF United States bonds and \
decrease Of 1000. 900 In the amount OF
me year Treasury notes held. Further
purchases Of New England town notes.
also OF Georgia state warrants. account
for an Increase Of about @%:3.o0o In the
aggregate holdings Of municipal war
rants. Total earning assets stand At
present At 31S1.31S.000 or as per "
~ the banks paid In capital. A. against
W3 per rent. he week before. OF the
total earning assets Is.s per cent. is
represented by acceptances. 2t.S per
cent. by United States bonds. iA.6 per
cent. by discounts. l:.S per cent. by
warrants and L.? per cent by Treasury
notes. Large amounts OF mutilated re-
serve notes In process Of redemption ac-
count largely for An increase Of about
'5.5oo.ooo in the amount Of a other
iesourcas."
Government deposits show q net de-
crease for the week Of about $4,000.
New York and 81. Louis reporting CON-
funds. Net member hank deposits in
creased over $4,000. 900. the larger gain
reported by the New York bank helms
oYse, to some extent by substantial net
withdra walls from the Chicago and Dali
las banks.
Federal reserve bank notes In circuia-
ton decreased about $500. 900 during the
week. Federal reserve agents report q
total Of 209.77S.0 900 net of notes issued.
an increase OF 3f,2+S,000 for the week.
igains, this total they hold 9ls3.llo.o0
Of gold and Sl7.sSl.O00 Of papers.
The banks reports indicate . total
circulation Of Federal reserve notes OF
1855, 900. Their aggregate liabilities
on notes issued by the agents Ii stated
as Sl+,605. O00.
Fall statement Of Banks.
Statement Of combined reserves and
liabilities OF the Federal reserve banks
~ the United States at close Of business
september go:
RESOURCES.
1915 1916. ct.
Sept. o. Sept. Is. Sept. %.
hca,.s IN v.ul, '.... ,.ssi7s sc,s.seo s..s,S.
Gold settlement fund lii.1N lc5 ~ 6s.oJ
Gold rs,ie niption fund
rs'.l cold r rss-s"r' r,'a@ ~7,s&s $685.
Legal tender notes,
olver. kc............. 1.6G '.eN :-?'o
Total r..c-v. ........ ,ssS.oss ,sss,s 'sis "a
Five rcr cont. redenp-
tor fund against
Federal reserve bank
'o'cs ........,.,.., WV WV 49,
Bus discounted and bought:
fstgrtIes-
within 10 days...... :<.3D 1855 7.tU
l.@N. ~ n