The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-09-29
FEDERAL RESERVE
BANK STATEMENT
Continued Borrowing by Mem.
Der Concerns for Bic
Loan Is Noted.
WAR PAPER HOLDINGS Up
Government Deposits Are $50.
100000 Larger Than
Week Ago.
WAR PAPER HOLDINGS Up
Special Despatch 10 THE SrN.

wAsutSGroN. Sep. 2S.--Contlnuod
borrowing by member banks in conncc.
ton with the sixth Issue Of Treasury
certificates in anticipation of the fourth
Liberty Loan and considerable purchase,
of acceptances are indicated hv Na
Federal Reserve Boards weekly bank
statement.
Holdings of war loan paper. + g. mem.
Der banks, notes secured by Treasury
certificates and Liberty bonds, also Gus.
toners paper similarly secured, went
I'D s75,2oo.00O, all the banks excep,
Cleveland. Minneapolis and Kansas City
showing substantial additions to the
holdings of this class of paper Other
discounts on hand fell off s2l,oO0 OOo.
the New York and Chicago banks re-
porting the largest decrea SEES under this
head. Acceptances on hand gained sos.
400 900, Now York alone reporting an
increase OF sea, 5000 of bills purchased
in open market. An increase of 81 200.
900 in Government short term obga-
tons represents largely . per cent Treas
ury certificates deposited with the United
states Treasurer to secure Federal Re-
serve Bank note circulation Total earn.
ing assets show combined increase for
the week OF s9o.400,o60.
Government deposits were se2joo,0 Goa
larger than the week before. Member
banks reserve deposits show an increase
for the week OF about s11.OOO.hoo, while
net deposits work out at about SS7S0O.
600 in excess OF the previous weeks
total.
The week saw considerable shifting o.
reserves through the gold settlement
fund from New York to banks In the m
terror. Total reserves show a decrease
Of S3.9O0,00O. of which s2.IOO,OOo repre-
scnts a decrease in gold.
Condition Of member banks Sepiemue-
90. Large increases in Treasury ee'-
titicate holdings following the soOp.ooo'
900 issue OF Treasury certificates dated
September II and in Government &C.
posits accompanied by some cur'a.sntu.
OF other loans and investments are ma
Gated by the boards consolidated weekly
statement showing condition on SeN'"'
Der 20 OF 13S member banks IN leading
cities. The statement follows:
RESOURCES.
Gold In vault and in transit .. $50 20 ~
Gold settlement fund, Federa' -.,,,.
Reserve board. ..............-..-... i'..'! -,
GOlu Win 1OTelSH
| Total gold held by bsnlts.......... N.,.'r -,
Gold with Federal reserve agents ll'l,. l'9
Gold redemption fund .............., ''.,!iy'
otal gold reserves. :........ ..... -''.hN =,
Legal tender notes. silver &c. sl,s.A'"'
Total reserves. :.''' -''-.'''
n, srnn,ant var obiIgn;ions, ,..,,,,.. !.-IGs
All other ...............'.. -! ~ su
Ellis bought in open msrke, IS an, 20,
Total billar on hand ................ 'Nl"'
United States Government long
Term securities ,...,................ -,at "a
'n ,erm Securities '''''...7.',.. 81. ~, e3
All other earning assets............ iN.
Total earning assets. ........... &C.,. 20" "a -
Uncollccted items deduct from
gross ACKNOWLEDGEMENTS. N' I.' ~
Five per cent. redemption against
Federal reserve bank notes. .'',''
All other resources. l-'.'F'
Total resources. .S,S., 60. ID
LIABILITIES.
| Capital paid in................-. So. -
surplus ........r....-. '..,..r----..... . '''
| Government deposits ........ !...... ~ q. "'
! Due to members. reserve account l..l''"'
| Collection Observation-Disclosures. l'.o'r :
! Other deposits. including foreI2u
Government credits................. ''i"N b.
Total gross deposits. ......,.-..... TIC 40 ~
Federal reserv" notes IN actual
| Federal reserve bank noles in
| circulation. net liability .......... 81 go -
| All other liabilities. 90, 500
Total liabilities. ........... s., 81. %. I'D
! Ratio of total reserves 10 net deposit aud
| Federal reserve note liabilities, Is pcr C2'
| Ratio OF gold reserves 10 Federal re."-''
| notes in actual circulation after Scti,u- n' =
30 per cent. against net deposit hah'lI' 80