The sun., 1916-12-10
Large Purchases Of Paper in
Open Market Also Feature
; Weekly Report.
INCREASE IN DEPOSITS
Declines in Aggregate Gold Re.
serves as Well as Cash
Reserves.

sur, operations Of the Eastern banks
surins the last week 10 we'll a. con-
sderab,e purchases Of paper in the open
,,rke, are indicated by the weekly
.,.,.men. issued by the Federal Reserve
unard a, the close Of business on De.
cmher 8.
Federal reserve notes in circulation
Increased by over $4,000. 900. oil the
hanks except 81. Louis and Dallas re-
sor,ins additions. Asgresste gold re-
srr,s show q decrease for the week Of
nj. 200. zoe, while total cash reserve de-
euned $1,000 900. Total net deposits
,,creased abou, Si.00o.0o0. while earn
inr assets rent up about esS.3oo.oo0 the
1tYsrsnce between these two items rep
Setal cash reserve.
New York reports. an increase OF So
zoo. 900 Fl, discounts and OF S+.1oo.0oo
m scceptances held. also a total Of about
1890. oe0 Of gold transferred to the
AGENTS against Federal reserve notes.
On the other hand the bank liquidated
during the week about S~s.<0o.oo0 net Of
warrants issued and reduced by about
5000 0 its favorable balance In &C
esunt with other reserve banks. The
tanks total reserve shows a decrease
n $1,000. 600. mainly in the amounts OF
silver and leeals on hand.
Philadelphia shows a decrease OF Sc
100000 in reserve. together with an in
eesa o. S3.300.0 900 In earning assets. q
| total OF Sl.so0.0 900 Of gold transferred to
the agents. reduction of over
100000 In total deposits and a substan-
tiai decrease In the amounts due 70
other Federal reserve ba Decreases
IN reserves shown by the other banks
may be traced chiefly to investment op-
srations for the week. In part also to
the building up Of favorable balances In
account with other Federal reserve
I tanks and to transfers Of gold TO agent,
sssinst notes issued by the latter.
New Record fer Discounts.
Discounts on bandits. 3l5. o0o-ex.
essd by nearly $1,000 900 the previou.
high record total shown about a year
40. Over 80 per cent. Of the total dis
counts IL held by the three Easter
hanks and only Is per cent. BY the three
Southern banks. The total includes 80
10000 Of member banks collateral note,
sspoetsd by eleven reserve banks.
An increase OF el3.%oo. 900 10 shown II
ne aggregate Of acceptances held. al
the banks except Boston showing sub
stantially larger holdings than thu
vssk before. OF tho total hilis-includ
tg aeceptsnces-on hand. %s.s per cent
nature within thirty days and STA pc
eat after thirty but within sixty days
Liquidation Of New York city note
seooants largely for the decrease Of owe
a. Am NM A. aAA A~Ass A>ldln>. ~ vAvrt
eipsi warrants. Transactions in Unite'
banks. resulting in an increase OF u.
$4,000 in the total collected. Their
vas no change In the amount Of Treas
: ufy notes on hand.
1 Earning assets show q gain Of ee3.333.
~. OF this SIS per cent. 10 Represented
ty scceptancss. 1S.5 per cent. BY Unite
States bonds. AL per cent. by dis
counts. So per cent. by warrants an
per cent. by Treasury notes.
Government deposits increased abou
u. 800. 900. the New York, Boston an
. Fan Francisco banks reporting tn
isrges, net gains. Bank deposits sho'
q net gain Of $4,000 600. resulting fror
. decrease In the amount OF transi
items. which are treated as deduction
srom gross deposits.
No change IL shown In the net amour
q Federal reserve bank notes outstand
ing. Federal reserve agents report
total Of Se'?.<s2,oo0 net Of Federal re
serve notes issued. against which the
hold s.st.s3s.o0o Of gold and 3l5.+54.oo
o. paper. The banks show a total q
tS'.3o?, 900 OF Federal reserve notes !
circulation and aggregate liabilities G
4 Ni.4:3,oc0 on notes issued to them b
IL agents.
Report Of the Twelve Banks.
Following is the report, embracin
Welve banks:
RESOURCES.
1916. 1915 1915.
Dec. s. Dec. I. Dec. II