The sun., 1919-08-17
FEDERAL RESERVE
BANK STATEMENT
Liquidation Of $100,000,000
Of Discounted and Pur-
chased Bills Reported.
U. s. DEPOSITS DECLINE
Earnings on Paid In Capital
for First Six Months 80
Per Cent, a Record.
sp.cisi DespatcA 70 THn Sun.

WASHINGTON, Aug. 16.-Net liquida-
ton Of almost s1oo.Ooo.ooo of discount
cd and purchased bills accompanied by a
substantial reduction In government de-
posits Ia indicated by the Federal Re-
serve Boards weekly bank statement
War paper on hand shows a decline OF
SIS 800, 900, other discounts on hand
a decline OF $5,200,000 and acceptances
decline of 100000. The increase
Of $66,00o,000 in Treasury certificate
holdings represents largely the amount
Of temporary certificates issued to the
Chicago and New York banks to cover
advances to the government pending
collection Of funds from depositary in
stitutions.
Total war paper holdings of the
Chicago. st. Louis and Minneapolis
banks include ST. 400, 900 discounted for
other Federal Reserve banks, as against
SIS. 200, 900 shown the week before. Ac-
ceptance holdings OF the Cleveland and
San Francisco banks include s42,500,-
900, as against $4,000, 900, purchased
from other Federal Reserve banks.
Government deposits declined $780,
Zoe, 900, while members reserve deposits
went up s21,600,000 and the float
carried by the Reserve banks $15.200,-
900. Net deposits show q reduction
Of s42,500,0o0, while Federal Reserve
notes Increased by $s,800,000. Gold re-
serves declined s2.20o.o00. larger ex.
port Withdrawals being offset to some
extent through gold deposits by the
Treasury. Cash reserves show q slight
decrease. The banks reserve ratio
shows a rise from 50.4 to sos per cent
An increase of s5s3,000 is indicated
in capital account. this amount repre-
IT, Ia additional afnok ~ ths
New York Federal Reserve Bank ISSUED
to members in consequence of increases
of their capital and surplus accounts.
WASHINGTON, Aug. 16.-Net earning
of the Federal Reserve banks for thu
first six months of 1919 have been a.
the rate of 90 per cent. on an average
paid in capital OF SS1,7ss.00o, compared
with $50 per cent. for the same period
last year and 9.S per cent. in 1917.
Total earnings were s46.6s0.577, and
total current expenses ss,061,746
There was. available for dividends ant
surplus s37,5s4,319, of which s2,453,62t
was expended in dividends. sS.5l2,45(
carried to profit and loss account. anc
$31,e1S,243 used as surplus. The tota
surplus of the banks now aggregates
Ss1,Os6,s1s. which is about 40 per cent
of the subscribed capital. the New Yori
bank having n per cent. surplus, Kan
sas City SO per cent. and the remainder
below so per cent.
Bills, largely war paper, discounted
for member banks accounted for So pei
cent of the record showing in earnings
as compared with SO per cent last year
The following table shows the con
dition Of the banks in the system at the
close Of business last night:
RESOURCES.
Cold co,n and certificates. $50, SCI %,
Goid set Element fund " R. Board b9l, 2O6 90
Total gold hold BY banks. Sal ISL, 00
Gold with Federal Reserve sgents.1. us, ss4, 90
Gold redemption fund, ........... 121 ,s3e. 90
Tot al eod reseryes Q 0s2 5s7 90
Legal tender notes, silver, &C.,. bslS6 w
Total reserves Acknowledgement. 2,15l, 123, 90
Bills discounted, secured by Gov
eminent war obligations......... 1,Sss 992' o.
| Bills bought in open .market....... Ii,SIs.0o
Total bills ON hand. 3,l17.7l4,0O
| United states Government bonds. LIVES W
| United States Victory notes. :..-.. 2ffoo
| United States certificates OF in
Total earning assets.............2 2, 40. s13 %
Bank premises ...................... %
foreign countries ............:..... ss,ssl. 90
tons from gross deposits. -, $4,000 90
Five per cent redemption fund
against Federal bank notes.. 1880
! An other resources. s.5O3 %
Total resources 5,o53, lSs "
LIABILITIES.
Capital paid in..................... ssI, 100 OF
surplus OBSERVATION-DISCLOSURES. ST. Os7 ot
i Goyernment deposits ........... 1854 0C
| Due 10 members-reserve account !, us 365 0t
Deferred availability items,......... s72545 ,0t
| Government credits ....:........... IOs,2 o.ot
Total gross deposits. 2,si6, 7o4o
euiation s54o. sO4 %
iation, net liability ................ eos,7os, OK
All other liabilities. 20sS4 %
Total liabilities ,553, lgS %
| Ratio of total reserves to net deposit an
| Federal reserve note liabilities combined
1 50.9 per cent.
Ratio of gold reserves to Federal reserv
| notes in circulation after setting aside
per cent. against net deposit liabilities. Ct
| Der cent.