New-York tribune., 1920-11-07
Earning e Assets of
L. S. Reserve Bank
Gain S29,500,00O
Federal Boards Statement
for Week Shows a Total
of S3,42l, 100000; Cash
Increases Million Dollars

From The Tribune's WASHINGTON Bureau
WASHINGTON, Nov. 6.-Combined
increases Of 26.9 million in the holdings
of discounted and purchased paper and
an addition of 20.4 million to deposit
liabilities, accompanied by O further
expansion by % million in Federal Re-
serve note circulation, are Indicated in
the Federal Reserve Boards weekly
bank statement, issued as at the close
of business on November S, 1920. Ag-
gregate cash reserves are shown II
million larger than the week before,
while the banks reserve ratio shows a
slight decline for the week, from 43 l
to A3 per cent
Holdings of paper secured by gov
ernment obligations, including Treas
ury certificates, increased by l1.2 mill
ion, those OF other discounted paper by
l4.3 million. those Of acceptances pur-
chased in the open market by IA mill
ion while those of Treasury certificates
declined by IA million. Total earning
assets are given as 3.421.6 million, or
25.5 million larger than the week be-
fore.
OF the total of 1.2151 millions of
paper secured by government war OBJ
legations, 6421 millions, or 529 per
cent, were secured by Liberty bonds
234.4 millions, or 27.5 per cent by Vic
tory notes, and 1856 millions, or 1876
per cent, by treasury certificates, as
against 1913, 26.S and 1919 per cent of
corresponding total Of l,203.9 millions
shown the week before. Discounted
bills held by the Boston, Philadelphia
and Cleveland banks include a total of
225.2 millions Of paper discounted for
the Federal Reserve Bank of New
York, and seven other Reserve banks
in the south and middle west, as
against 247.1 millions shown the week
before, while acceptance holdings Of
the Philadelphia and San Francisco
banks are shown inclusive of 14.9 mil
lions of bank acceptapces purchased
from the New York Reserve Bank,
compared with 1874 millions held on the
previous Friday.
AS against gain of 23.6 millions
in government deposits, the banks re-
port & reduction of 2S.4 millions in
members reserve deposits. Other de-
posits, composed largely of foreign
banks clearing accounts, show an in
crease Of Sc millions. while the float"
carried by the Reserve banks and
treated as a deduction from immedi-
atcly available deposits was 146 mill
ions less than on the previous Fri
day. AS a result Of the above changes,
calculated net deposits show an in
crease for the week of 20.4 millions.
An addition of more than 10 mill
ions TO outstanding Federal Reserve
note circulation is reported by the
New York bank while smaller increases
in Federal Reserve note circu lation
are shown by the Chicago, st. Louis,
Minneapolis and San Francisco banks.
The seven other Federal Reserve banks,
on the other hand, report smaller cir
culation figures than the week before,
the larges- reductions being shown for
the Boston and Cleveland Reserve
banks. Federal Reserve bank note cir
culaton shows a nominal decline Of
0.i million.
During the week the Bank of France
"earmarked' for account of the Fed
eral Reserve banks total Of 3.3 mill
ions OF gold. The total Of gold with
foreign agencies shows an increase for
the week of % millions.