Salt Lake Tribune | 1918-08-18 | Page 38 | Federal Reserve Banks

Federal Eeserve Banks. WASHINGTON, Aug. 17. Discount operatioDS of federal reserve banks In the last week were somewhat some-what less than the previous west, bills on hand at the closing of business last night amounting to 51,497,000, as compared with $1,541,000 a week before. Members' reserves increased $4 1.000.00c.. The federal reserve board's weekly summary ot the banks' condition last night follows: RESOURCES. Gold in vault and in transit $ 3S5, 017,000 Gold settlement fund, federal reserve board 6OO.0S20O0 Gold with foreign agencies 5.S29.000 Total gold held by banks ft9C.229.0O0 Gold with federal reserve agents 961,498,000 Gold redemption fund 40,116.000 Total sold reserves 1,992.543,000 Legal lender notes, silver, etc 52,980,000 Tolal reserves 2,045,523,000 Bills diycouoled for members aDd federal fed-eral reserve banks 1,255,566.000 Bills bought in open market 212,204.000 Total bills cn haild 1,197,572.000 United States government long-terra ' securities $1,497,000 United States government short-term securities 32,546.000 All other earning assets 82,000 Total euming assets 1,561,697,000 Uncollected items (deduct from gross deposits) '. 623,495,000 T'lve per cent redemption fund against federal reserve bank notes 866.000 All other resources 10,895.000 Total resources $1,242,384,000 LIABILITIES. Capital paid in $ 76,960,000 Surplus 1,134.000 Government deposits 95,555,000 Duo to members' reserve account ..... 1.464.011,000 Collection items 4411,202.000 Other deposits. Including foreign pjv- ernraent credits 115.234,000 Total gross deposits 2,136,003.000 Federal reserve notes in actual circulation circu-lation 1,9S5,419,000 Federal reserve bank notes in circulation circu-lation net liabilities 15.157,000 All other liabilities 27,702,000 Total liabilities ..'..'.'... - $4.242,3S4.690 Ratio of total reserves to net deposit and federal fed-eral note liabilities combined. 58.5 per cent. Ratio of gold reserves to federal reserve notes in actual circulation, after setting aside 35 per cent against net deposit liabilities. 76.4 per cent.