New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-02-13
Week Shows Gain
In Both Gold and
Cash Reserves
Increase of $50 Millions
in Deposit Liabilities Is
Indicated; Note CircuIa-
ton Still Is Decreasing
Frons ~ Tribnne,s Wagltnaear 60

From The Tribune's Vushirato, R,,r,c.,
WASHINGTON, Feb. -. -Furtbor
gains of about 10 millions in oold
and of 1911 millions in total cash
reserves, accompanied by ro-
duction of 253 millions in Federal
Reserve note circulation and an IN
crease of 25.e millions in deposit liabii.
tiles, are indicated in the Federal Re-
serve Boards consolidated weekly bank
statement, issued at the close Of bust.
ness yesterday.
The reserve ratio shows further
rise in the week from 1913 to 1915 per
cent. Following the adoption by most
of the Federal Reserve banks Of higher
discount rates on paper supported by
Treasury certificates, holdings of this
class of paper show a reduction Of 228
millions, against an increase of 17.3
millions in the holdings OF paper sup
ported by other government securities
Other discounted paper on hand
shows decline of POI millions. Ac-
ceptances purchased in open market
= reaS-
ury certificate holdings went uD SO
millions. In consequence Of the changes
just noted, total earning assets show
further reduction OF 1873 millions, the
February II total standing at 2.87t.8
millions, a decrease of 551.2 millions
from the peak figure OF 1922 millions
shown on October Is of last year.
Distribution of Securities
r
lions OF paper secured by United States
Government obligations, 59l6 millions,
or 5S.5 per cent, were secured ~
bonds; 1893 millions, or 29.6 per .ent,
by Victory notes, and 1902 millions, or
ll.9 per cent, by Treasury certificates,
compared with $685.. 278.7 and IA mil
lions the week before. Discounted
bills held by the Boston, Phila Aelphia
and Cleveland Reserve banks are
shown inclusive of 1874 millions Of
paper discounted for the Atlanta, Min
neapolis and Dallas banks, COMPARED
with about 33 millions the week before
In addition, the above three discount.
ing banks and the Reserve Ban. of san
francisco, report among their accept.
ance holdings more than As millions of
bank acceptances purchased from The
New York bank, compared with 549
millions on the preceding Friday.
AS against a nominal increase in
government deposits, a decrease of %
millions in members reserve and other
deposits is noted On the other hand
the float" carried by the Reserve
banks and treated as a deduction from
Immediately available deposits is
given 28.5 millions smaller than the
week before. In consequences calcuiat.
ed net deposits show an increase for
the week of 25.6 millions
Reserve Note Circulation
Federal Reserve note circulation
shows further decrease for week OF
25.3 millions, as against an increase
of 67,3 millions for the correspond
ing week in 1920. Federal Re-
serve bank note circulation, on the
other hand, shows an increase Of about
100000, as against decrease OF
$3,0O0,0O0 for the corresponding week
year ago.
Owing largely to increases in capital
cation of member banks the paid-in
capital of the Reserve banks shows an
addition for the week Of 1929. 900, all
the banks except those at Minneapolis
and Dallas reporting substantial gains
IN their paid-in capital for the week.