Salt Lake Tribune | 1918-01-06 | Page 40 | Surplus Held by the Reserve Banks

SURPLUS HELD BY THE RESERVE BANKS WASHINGTON, Jan. 5. Aggregate surplus sur-plus of $1,134,000, held by federal reserve banks at Boston, New York, Chicago, Atlanta, At-lanta, Richmond and Minneapolis, was shown for the first time tonight in the federal reserve board's weekly summary. A similar amount has been paid into tlie trea-sury, representing the other halt' of excess profit s. The banks' condition al the close of business last night was as follows : RESOURCES-. Gold coin and certificates in vault $ 4S0.072.000 Gold settlement fund, federal reserve board 33S,6S7,000 Gold with foreign agencies. . 52,500,000 Total gold held in banks S71.259.000 Gold with federal reserve agents 797,191,000 Gold redemption fund 19,270,000 Total gold reserves $1,687,720,000 Legal tender notes, silver, etc 45,310,000 Total reserves $1,733,030,000 Bills discounted for members and federal reserve banks.. 625,813,000 Bills bought in open market.. 271,33S,000 Total bills on hand $ S97.151.000 United States government long-term securities 51,167,000 United States' government short-term securities P2.O5S,O00 AJ1 other earning assets .... 5.167.000 Total earning assets $1,045,543,000 Due from other federal reserve re-serve banks, net 45.244,000 Uncollected items 302.007.000 Total deduction from gross deposits $ 347.251,000 Iive per cent redemptiqn fund against federal reserve re-serve bank notes 537,000 All other resources 537.000 Total resources $3.126.S9S.00o LIABILITIES. Capj tal paid in $ 70,825. 000 Surplus 1.131.000 ! Government deposits 131,006.00(1 Due 10 members. reserve account ; 1,44.9, 230, Ooti Collection items 192,649.000 Other deposits, includin'i foreign for-eign government credits . . 20.594.000 Total gross deposits $1,793, 479.000 Federal reserve notes in j actual circuhi tion 1.251.205,000 ! Federal reserve bank notes j in circulation, net liability, 8.000,000 1 All other Habilkies 2.255.000 j Total liabilit ies ' 53.898,000 Ratio of yoid reserve to net deposit for federal reserv e note liabilities combined, 62.5 per cent. Ratio of total reserve to net deposit and federal reserve note liabilities combined. com-bined. 61.2 per cent. The statement follows ACTUAL CONDITION. Loans, discounts, etc $1,117, 133,000 Decrease 1,34 2, OoO Cash in own aults, members mem-bers of federal reserve 1 banks (a) 113,243.000 ! Decrease 663,000 Reserve in federal reserve I bank of member banks.... 5lS.2lS.iii0 I Decrease 43,221,000 ; Reserve in own vaults, state I hanks and trust com- ' ; panics (h) 19.S56.000 Decrease 560,i00 1 Reserve in depositaries, state banks and trust companies com-panies 9.337.u0 Increase i,15s.oyo (x) Net demand deposits.... 3,646.4 44.001" Increase 6o.l,T6.hi'hi ; Net time deposits 191.161. 0Hi ; Decrease 7. 331. uvO I Circulation 34.016.000 Decrease ,uuO i Specie included in (ai and I tbi S.V-93.f.,-.., (ni United States deposas I deducted 241. 469. 00c : Aggregate reserve 347.41 l.OOn 1 Excess reserve 6l.270.52u j Decrease 5l.lo6.310 j Summary 01" state banks and trust companies In Greater New York, not in-1 in-1 eluded in clearing-house statement; ; Loans, discounts, etc 3 $15. 453. S'1'-1 ; I Decrease S, 34.500 ; Specie IS. 357. 50j 1 Decrease 1 902. Ten 1 Le?ai tenders 77,1 i3.iOO Increase ...... 67v30" j Total deposits 96o. 1 9 1 .tn'0 increase s.94v. 911-1 spanks' cash in a;;b 1 2.SS3.50" i Trust enm panics' ca5;i in ! vault S2:617?2'X