New-York tribune., 1920-12-05
Discounted Paper
Shows Increase of
Over S4l,000,0 600
Gain i'll Net Deposits Set al
More Than S43, 600, 900
in Federal Reserve Boards
Weekly Bank Statement
W %c.TrI>-T,nA>-

From The Tribunc's Washington Bureou
WASHINGTON, Dec. Met In
creases Of Ala millions in discounted
paper, as against aggregate reductions
Of 11.3 millions in other earning as
sets, accompanied by an increase of
43.6 millions in net deposits, are in
dicatod in the Federal Reserve Boards
weekly consolidated bank statement is
sued as at close of business on De-
cember 3, 1920 Federal Reserve note
circulation fell off 1875 millions, while
cash reserves increased by 2.9 mill
IONS. The banks reserve ratio, accord
ingly, shows a decline for the week
from 44.1 to Al per cent.
As against a reduction Of 317 mill
ions in loans secured by government
W.T. obligations, other discounts show
an increase Of 73.l millions. Holdings
OF purchased paper show a further de-
cline of 4.c millions, the most recent
total Of 243 millions constituting a
low record for the year. Treasury GER
ticates on hand declined &c mill
ions, Boston reporting an increase of
20 millions in the holdings of these
securities through purchase from the
New York bank, while the reduction Of
13 million shown for the Philadelp phia
bank is due to redemption of an equal
amount Of sneciai certificates by the
government. Total earning assets stood
at 3.333.s millions, an increase of 30l
millions for the week.
OF the total Of 1907 millions OF
paper secured by government obliga-
tions, 633.3 millions, or $40 per cent,
were secured by Liberty bonds, 3l25
millions, or 269 per cent, by Victory
notes, and 214.9 millions, or 1S.5 per
cent, by Treasury certificates, as
against 52.8, 267 and 2O.5 per cent of
a corresponding total of 1924 mill
ions shown the week before. Discount
ed paper held by the Boston. Philadel-
phia and Cleveland banks is inclusive
of 1927 millions of bills discounted
for the New Y York bank and six other
Reserve banks in the South and Mid
die West, compared with 1871 mill
ions reported the week before Ac-
ccptance holdings Of the Philadelphia
and San Francisco banks are given in
elusive of 9.3 millions OF bank accept
ances purchased from the New York
bank.
All classes of deposits show sub
stantialiy larger totals than on the
previous Friday: Government dcpos-
its, by 44.s millions; members re-
serve deposits. by about 52 millions,
and other deposits, comprising largely
foreign government cledits and non
members clearing accounts, by 2.s
millions. Oai the other hand the
float" carried b. the reserve banks
and treated as a deduction from i'm
mediately available deposits shows an
increase Of about Sc millions. The
combined result OF these changes in
the deposit "block" is seen IN an in
crease of calculated net deposits by
about 1876 millions.
An 1l-millon dollar reduction in
Federal Reserve note circulation, re-
ported by the Cleveland bank, largely
accounts for the total decline in note
circulation shown. San Francisco re
ports an increase under this head Of
A. millions, while most Of the other
lanks report slightly smaller circu-
laton figures than the week before.
Federal Reserve bank note circula-
ton shows nominal gain for the
week.
An increase Of $4,000 in paid-in
capital rehecos largely increases in
capitalization by member banks in the
Chicago, st. Louis and San Francisco
districts. y