Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-09-30
BANK cLEARINGs BREAK
/. ALL PREVIOUS RECORDS
RECORD for First Nine Months of Year
Amazes Even Bankers
Themselves.
TOTAL cLEARINGs, socs,a7s,45
increase Over Same Period OF Last
Year Is $38s,51s,475-Reserve
Bank Statement Also Shows Enor-
nous Sums I'm Bills Discounted.

Richmond bank clearings for the first
nine months of this year broke all pro-
'ious records and show a tremendous
increase over the corresponding period
OF last year. according to figures an
hounced yesterday afternoon by the
hichmond Clearing House Association
AFTER the close of business. For the
period from January l to October the
ciearings OF local financial institutions
aggregated ssG3.2TS.455, as compared
with SS2t,75s.sS0 for the corresponding
nine months In 1916, showing an In
crease Of Js33S.518,475.
ClearinGs for the week ending with
inc close OF business yesterday after
noon totaled S30,437.14S, as against s17.-
8fa,b24 for the same week of last year.
Last weeks total was only slightly less
than the high record established several
weeks ago for six days business. For
the month of September the clearings
amounted to $122.S6G.sss. while the
clearings In September. 1915. totaled
only S7644.3s1. which shows an in
crease OF $46.425.60s. Clearings yes
terday were s4,144.73s.
Bills discounted and bought by the
FEDERAL Reserve Bank Of Richmond
during tho week ending with the close
OF business Friday afternoon totaled
Ss.262.0oo.
sEAY ISSUES STATEMENT
AS TO DANk'S CONDITION
Governor George j. Seay issued the
following statement yesterday after
noon showing the banks condition.:
Resources.
Gold coin and certificates in
vault .................$ 8,256, 900
Gold settlement fund. ...... 26,57S,O0O
Gold with foreign agencies. 1.s3s.000
Gold with Federal reserve
agent observation-disclosures. 1886 1000
COLD redemption fund. ...... $4,000
Total gold reserve. s51, Ala 900
Legal tender notes silver
certificates and subsidiary
coin .................. 10000
Total reserve. S51.54o. 600
Bills discounted and bought. s1s,Is2, 900
United States government
certincates ............... 3,525,o00
Total earning assets. .s22.7o7. 900
Uncollected items. sl3,2s2 600
Natlonal bank notes. ........ $4,000
Duo from depositatles-sale
OF certificates Of indebted
ness September II and Sep
tember 26. 4,153.Ooo
All other resources.... 2o4 900
Total rosurces .}s1,s4o, 600
Liabilities.
Capital paid in. a,47S.0o0
Government deposits. includ-
ing Liberty loan payments,
except amounts redepos-
tied 2.o72.ooo
United States Treasurer ape
c!al account-salc OF ccrtI-
fsates OF Indebtedness OF
September II and Septcm-
Der 20. -. 4fssooo
Duo TO member banks-re-
serve accounts. ss114Oo
Due to other Federal reserve
banks .:............... 2.2sAooo
Soiiectioh items. -........ 1l.33s.00O
Federal reserve notes in ac-
tual circulation. .. 2s.157 ooO
an o'heF i'aoiiities. ....... $4,000
Tot liabilities. .ss1.s4o ooo
COLD .eserve against net deposit liza
bility. SO Ter cent
Cash reserve against net deposIt liza.
bility. 81 per cent
Gold reserve against Federal reserve
notes In actual circulation. 81 per cent.
Federal Reserve Notes.
Ls'ueo sal .a71 900
On hand. ............. 2714 O0o
=. 80. S29, 157 900
Total amouni OF bills discounted ana
bought for the week ending. September
90. 1917. Ss.262.0o0.