Show j American Finances Sound I f r Much uCh quiet satisfaction to the American America pe people should be h extracted from the final weekly report for 1918 of the federal sta L reserve reserve b board ard and which in reality is a statement of the operations opera- opera i ions of of- the system during the past ye year iii jj Ali The h statement sho shows ys ys that the the total earning assets of the bank banki i jj iH Increased d during the year from to 1 II It or or i 17 per cent Of the latter total discounts constitute 7 35 percent per II l hr cent ent as aga against per cent at the end of 1917 acceptances iT as as' against per cent and United States securities 1 l' l per cent as against 10 per c cent nt at the close of 1917 J n 1 An important item in the statement nt is t that t concentration n of tile tIe country's monetary stock of gold at atthe the res reserve reserve ve banks continued during d the year with the result that the federal reserve banks holdar hold ar at present of gold as against at i f the J lie e cl close se of 1917 the present holdings gs now being more than two- two J i t i thirds th thirds Qs of the officially estimated monetary stock of gold in the 1 In lI United States t That th the federal reserve system continues to grow is shown ih by tie he e statement that that- the te paid-in paid capital now amounts to f U or a gain of more re than during 1918 due to the 0 1 ih acquisition of new members while the aggregate capital and suri sur- sur w i ilE t plus of member banks total the magnificent sum of i fr UI t In gross deposits there has been an n increase of more than 11 the total now standing at In all Hij fj of f these increases a proportionate gain is credited to the the Twelfth I 1 m district of which Utah is a part and which sustains a branch in lH m S Salt lt Lake r Ui |