New-York tribune., 1921-02-06
Moderate Gains in
Reserves Reported
BY Federal Banks
Deposit Liabilities Shes,
Slight Increase; Holding.
of Bills Secured by Treas.
ury Certificates Decrease
From The Trtbs,e's wash4ngson su,,ou

WASHINGTON, Feb. g.. Modar,+.
gains In gold and cash reserves, ae...,,
panied by further liquidation Of ear,
ing assets and by continued return :.
the Reserve banks Of Federal Re.s,,.
currency, are indicated in the Fedsr,i
Reserve Boards consolidated yeeRl,
bank statement, issued at the close q.
business on February 4, 1921. IT..
banks deposit liabilities SHOW a sli0b,
increase, while their reserve ra,i.
shows a further rise from 40 to 4oa
per cent.
Holdings Of bills secured by Treasu,v
certificates show a reduction OF 1as
millions, while bills secured bv othas
government obligations declined by lsS
millions Other discounted paper on
hand shows an increase of 30 millions
acceptances purchased in open markp.
went up 2.8 millions, while Treasnr,
certificate holdings fell off l.5 million:
The result of these changes is seen il
a further reduction of earning assets
by 22.1 millions, the total on Februarv
4 standing at 2,886.7 millions. com.
pared with a peak figure of 3,422 mil.
lions reached on October 15 of lsst
year.
Of the total holdings OF 1912 mil.
lions Of paper secured by United State.
government obligations 5955 millions
or 58.6 per cent, were secured by bonds,
278.7 millions, or 27.4 per cent, by Vie.
cent, by Treasury certificates, com.
pared with 607.1, 284 and 1917 millions
reported the week before. Discounted
bills held by the Boston, Philadelpbis
and Cleveland Reserve banks are given
inclusive Of about SO millions discount
ed for the Atlanta, Minneapolis ant
Dallas banks, compared with slightly
over Al millions the week before. In
addition, the above three discountins
banks and the Reserve bank of Ssp
Francisco report among their accept
ance holdings 699 millions of bank &C.
ceptances purchased from the New
York bank, compared with 51.8 millions
of such paper held by the Boston
Cleveland and San Francisco banks Oh
the previous Friday.
Government deposits are shown Is
millions less than the week before;
members reserve deposits show an in
cerase of 10.9 millions; other deposits
composed largely OF caShler checks anG
non-members' clearing accounts. in
creased by % millions, while the
float" carried by the reserve banks
and treated as a deduction from imms
diately available deposits, is shown 95
millions larger than the week before
In consequence. calculated net deposits
show an increase for the week OF Is
millions.
A further reduction for the week Of
about Is millions is shown in Federsl
Reserve note circulation, as against ar
increase of 406 millions during the
corresponding week in 1920. There
was also reduction during the week
of about 5 millions in Federal Reserve
banknote circulation. as against re.
duction of 1.8 millions during the cor.
responding period year ago.
Gold reserves show gain for thl
week of 5.8 millions, and total cash re,
serves a gain of 6.2 millions. since
December 8, 1920, when the most re.
cent upward course of cash reserve.
started the reserve banks have gained
1913 millions of gold, Desires 38.7 mil
lions of other lawful money. Z