The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-21
FEDERAL BANKS
SHOW Big GAINS
Net Deposits Are Increased
$35, 900 During the
Past Week.
EARNING ASSETS JUMP

WASHINGTON. May 2o.-Considerable
gains In bank deposits and In gold n
In cash holdings in the Federal reserve
banks took place in the past week, Ac-
cording to the weekly statement Of con-
dition made public by the Federal Re-
serve Board to-day. The increases are
attributed to transfers OF additional i'm
stalments OF reserves by member banks
outside Of central reserve cities which
were due on May IS. Here is the state
ment:
THE net bank deposits of the Federal
reserve banks show AN Increase for the
week Of $35. zoe 900. all the banks except
New York reporting substantial gains
under this head. The latter bank reports
a decrease In net bank deposits and an
increase Of $4,000 In the AMOUNT due
to other Federal reserve banks.
"As the total amount of discounts on
hand. $l9.S00. 900. Is less than the like
amount shown at the end Of the previous
week. the additional reserves were paid
; apparently In cash or In form OF ex-
change on New York mainly. The total
gain in cash war s24.2oO 900. all the
banks except st. Louis and Dallas re-
| porting larger cash holdings than tho
week before. The latter two banks show.
however. largely increased balances due
, from other Federal reserve banks which
turned into cash will increase their re-
serve holdings.
rAe Gold H%Ol1isUs.
"The gold holdings Of tho banks In.
creased about $4,000 900. the New York
ban showing IA decrease OF $4,000 900 in
gold transferred to other reserve banks
through tho gold settlement fund. This
decrease is more han offset by an In
crease Of $4,000 900 In other cash.. rep
, resenting In part transfers Of reserves
by member banks OF the districts outside
OF New York city.
Discounted bills on hand are below
. 0.00O.0 600. tho smallest figure shown
for the past fourteen months and only
c1.J per cent. VI the total pap held by
the banks. The decreases are largest
In the case Of the Richmond and atlanta
banks. whose holdings Of discounted
paper declined about ~ per cent. since
the beginning Of the year. while the total
discounts held BY the Dallas bank in
creased slightly as the result OF larger
holdings of bills with longer maturiues.
There has been an Increase for the
week OF about 100000 IN the amount
OF acceptances held. all the banks active
in the acceptance field except Chicag d
showing larger holdings than the week
before. United States bonds on hand IN
creased $?5s.oo0 as the result of fresh
purchases by five banks. No change IL
shown In the amounts Of 3 per cent
Treasury notes on hand.
The total earnings assets Of the banks
increased s1.35s.O00. and constitute now
3l3.7 per cent. OF the total paid In CAPT.
tai, compared with 500 per cent. the
week before and about $50 per cent
three months previous. OF the total
earning assets acceptances represent now
aO.3 per cent. United States bonds, 80. |
per cent. warrants. $50 per cent. dis.
counts. rs per cent, and Treasury
notes, az per cent.
Government Dcposiss.
Government deposits increased dur,
ing the week O $4,000. 900. the Chi
: a bank reporting the largest gair
under this head. TIL reserve posi'io-
Of the banks shows but little chang.
since the week before. except that Tho
ratio OF gold against liabilities has de-
cl!ned from Is 10 6it per cent.
There has been a slight decrease II
amount Of Federal reserve ban notes ir
report a total OF slS6. o0O. 900 Of Fedora
reserve notes outstanding. against which
they hold SlT6.693.OO0 OF gold and no.
100000 OF paper. The banks report q
total of tl5s.23a.0 400 Of Federal reserve
net liabilities on the notes received from
the agents Is given az ss.olS.oO
Here Is tho detailed statement for New
York. Boston and Philadelphia:
.REsoCRcrs.