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1243 F E D E R A L R E S E R V E B O A R D WASHINGTON December 9, 1920s St. 1 6 3 1 SUBJECT: Revision of Weekly Member Bank Condition Report, Form St. $1. Dear Sir: Considerable d i f f i c u l t y has been experienced in the past in obtaining weekly figures^, comparable over any extended period of time, of principal resources and l i a b i l i t i e s of reporting member banks in s e l e c t e d c i t i e s . This has been due, in addition to the d i f f i c u l t y of obtaining uniformly correct information from member banks, to the f a c t that the number of reporting i n s t i t u tions has not remained constant, largely because state banks and trust companies admitted to membership in the System have been added from time to time to the l i s t of reporting banks. In order that the Board may be in a p o s i t i o n to follow more c l o s e l y changes in the l i s t of reporting member banks in each s e l e c t e d c i t y , i t w i l l be appreciated if a statement i s furnished at the e a r l i e s t practicable date showing the names of a l l member banks in each s e l e c t e d c i t y in yorr d i s t r i c t , the words "not reporting" to appear after the names of those banks which do not submit weekly condition reports at the present time. A supplementary statement should also be furnished giving tne names of banks not' now submitting reports but from which i t w i l l oe practicable to obtain reports commencing with, the week ending on January 7 of the forthcoming year. IS - 2 - St.1631 I t w i l l be the p o l i c y of the Board, hereafter to make additions to the l i s t ox reporting banks only on January f i r s t of each year # except where special circumstances warrant additions a t other times in order to keep tne f i g u r e s on a comparable b a s i s , and no change snould therefore be made in the l i s t of reporting banks as determined for the year 1921 u n t i l approved by the Board. As a general r u l e , such approval w i l l be &iven in case a newly organized bank becomes a memoer of the Federal Reserve System, u n l e s s the new bank takes over the a s s e t s of a non-reporting bank; also in case a reporting bank l i q u i d a t e s , another bank, with a f a i r l y comparable volume of d e p o s i t s , loans and discounts, and investments, may be added to take i t s p l a c e . The Board w i l l a l s o authorize changes in otner special c a s e s , when i t deems such a c t i o n necessary in order to maintain the comp a r a b i l i t y of the f i g u r e s . To further improve the Board's weekly statement, i t i s requested that during the forthcoming year member banks be asked to subdivide the item "All other loans and investments", so as to show loans and discounts separately from investments. St • 51 I t w i l l also be noted, from r e v i s e d form that item "U» S. bonds to secure c i r c u l a t i o n " has been consolidat- ed with item "Other U. S. Bonds", and that item "Reserve balance with F.R. Bank" has been eliminated from the form furnished to reporting banks. The f i g u r e s for the l a t t e r item should be taken from the cooks of the Federal Reserve Bank, as i s now done i n the case of Government d e p o s i t s , Member banks1 c o l l a t e r a l n o t e s , and B i l l s discounted for member banks. In order that there may be no misunderstanding as to the exact i n f o r m a t i o n to be r e p o r t e d a g a i n s t each of the c a p t i o n s of Form St* 5 a copy of the r e v i s e d form i s enclosed herewith, and i t i s r e q u e s t e d t h a t i n - 3 - st.1631 furnishing the reporting member banks with a supply of the new form you adopt the phraseology given therein. We are also enclosing 100 copies of r e v i s e d form S t , $1 to be used in renderin 0 tne consolidated report to the BoardVery truly yours, Governor. Letter sent to each Federal Reserve Agent. Form S t . 5 1 . (Rev. Dec. 1920) FEDERAL RESERVE BANK OF WEEKLY REPORT OF MEMBER BANKS IN SELECTED CITIES TO BE SUBMITTED TO THE FEDERAL RESERVE BANK AS AT CLOSE OF BUSINESS EACH FRIDAY - (City) (State) Friday, 192C • 1. Loans and d i s c o u n t s sectored by United S t a t e s Government obligations - - - - - - - - - - - - - - - - - - - - - - - A l l l o a n s and d i s c o u n t s c a r r i e d by bank ( e x c l u s i v e of paper under r e d i s c o u n t with F e d e r a l Reserve and o t h e r banks) f o r which borrower has pledged as s e c u r i t y o b l i g a t i o n s i s s u e d by the U. S. Government. 2. Loans and d i s c o u n t s secured by s t o c k s and bonds o t h e r than United S t a t e s s e c u r i t i e s - - - - - - - - - - - - - - - - A l l l o a n s and d i s c o u n t s c a r r i e d by t h e bank ( e x c l u s i v e of paper under r e d i s c o u n t ) f o r which borrower h a s pledged s t o c k s and bonds o t h e r than bonds i s s u e d by U. S- Government - 3. A l l o t h e r l o a n s and d i s c o u n t s - - - - - - All l o a n s and d i s c o u n t s c a r r i e d by bank b i l l s r e d i s c o u n t s d w i t h F e d e r a l Reserve o t h e r than those r e p o r t e d a g a i n s t items 4. Total l o a n s and d i s c o u n t s (Sum of items 1, 2 and 3) - - - - - - - ( e x c l u s i v e of and o t h e r banks) 1 and 2- - NOTE: R e d i s c o u n t s comprise b i l l s and n o t e s endorsed by r e p o r t i n g bank and r e d i s c o u n t e d with F e d e r a l Reserve Bank or o t h e r banks f o r number of days t o a c t u a l m a t u r i t y , i n c l u d i n g n o t e s and b i l l s r e d i s c o u n t e d under r e p u r c h a s e agreements - B i l l s and n o t e s used t o s e c u r e b i l l s payable ( r e p o r t i n g b a n k ' s own n o t e s ) do n o t c o n s t i t u t e r e d i s c o u n t s and t h e r e f o r e should not be deducted from loans and d i s counts as r e p o r t e d a g a i n s t i t e m s 1, 2 and 3 • 5. United S t a t e s Government bonds - - - - - - - - - - - - - United S t a t e s bonds a c t u a l l y owned, i n c l u d i n g bonds d e p o s i t e d w i t h U.S. T r e a s u r e r to s e c u r e c i r c u l a t i o n and bonds pledged a s c o l l a t e r a l , but e x c l u d i n g bonds borrowed. 6. United S t a t e s V i c t o r y n o t e s - - - - - - - - - - - - - ^ - United S t a t e s V i c t o r y n o t e s a c t u a l l y owned, i n c l u d i n g V i c t o r y n o t e s pledged as c o l l a t e r a l , but excluding V i c t o r y n o t e s borrowed. 2 - Form St.51(Rev. Dec. 1920) 7. United States C e r t i f i c a t e s of indebtedness - - - - - - - - Short-term Treasury loan and tax c e r t i f i c a t e s a c t u a l l y owned, including c e r t i f i c a t e s pledged as c o l l a t e r a l , "bat excluding c e r t i f i c a t e s "borrowed. 8. Other bonds, stocks, and s e c u r i t i e s - - - - - - - - - - - All stocks, bonds (other than U.S.Bonds), and mortgages a c t u a l l y owned by the bank whether pledged or unpledged (exclusive of Federal Reserve Bank s t o c k ) . 9- Total loans and discounts, and investments (Sun of items 4 to 8) Total loans and discounts, and investments, exclusive of r e a l e s t a t e , banking house, furniture and f i x t u r e s and Federal Beser've bank stock. 10. Cash i n vault - - - - - - - - - - - - - - - - - - - - - - - Total of gold, s i l v e r , and paper currency on hand and in v a u l t . 11. Net demand deposits on which r e s e r v e , i s computed - - - - - Individual deposits subject to check, c e r t i f i c a t e s of deposit due in l e s s than 30 days, dividends unpaid, State and municipal deposits, and other deposits subj e c t to notice of l e s s than 30 days PLUS. Excess of t o t a l of (a) Balances due to a l l banks other than Federal Reserve Bank. (b) Amount due to Federal Reserve Bank deferred c r e d i t s . (c) Cashier's, secretary's, or Treasurer's checks on own bank outstanding.' (d) Certified checks outstanding. $ . Over the t o t a l of (e) Balances due from banks other than Federal Reserve Bank and foreign banks• ( f ) Items with Federal Reserve Bank i n process of c o l l e c t i o n . (g) Exchanges for clearing haise , (h) Checks on other banks in same place . NOTE: In case the sum of items (e) to (h) i n c l u s i v e i s in excess of the sum of items (a) to (d), disregard items (a) to (h) in making up t o t a l net demand deposits12. Time deposits - - - - - - - - - - - - - - - - - - - - - - All deposits payable a f t e r 30 days, a l l savings deposit accounts and c e r t i f i c a t e s of deposit subject to not l e s s than 30 days notice, and a l l p o s t a l savings d e p o s i t s . Cashier, , Bank. Note: This report should be mailed to the Federal Reserve Bank on Saturday morning of each week. o t ii fsj •- FEDERAL RESERVE BAI7X 01 - . REPORT OF PRINCIPAL RESOURCE AMD LIABILITY ITEMS OF TFFLFLBER BAFXS III SELECTED CITIES. ^ (in thousand^ of d o l l a r s ) F i g u r e s as a t c l o s e of business on Friday [cods] ! Number of r e p o r t i n g banks J RANT ! ! 1 . Loans a n d Discounts ( e x c l u s i v e ! of r e d i s c o u n t s ) 1 (a) Secured, by U . S . G o v t . o b l i g a t i o n s |HALT • (b) Secured by stocks and bonds, HEAD o t h e r than U« S, Bonds - - - iHaz (c) A l l ' o t h e r _ _ _ _ _ _ _ _ _ _ 2 . Investments ^00? (a) U, S- Bonds _ _ _ _ _ _ _ _ _ EUTTT (b) U. S. Victory Notes (3) U. S. C e r t i f i c a t e s of [iURD Indebtedness - - - - (d) Other Bonds, Stocks and HARK securities _ _ _ _ _ _ 3 - Total loans and d i s c o u n t s , and KICK investments _ _ _ _ _ SEP? 4 . Reserve b a l a n c e s with IhR. Bank* HIST 5 * Cash i n vault _ _ _ _ _ _ _ _ _ _ _ 6 . ITet demand d e p o s i t s on which r e s e r v e i s computed _ _ _ _ _ -TIF TP 7 • Time d e p o s i t s _ _ _ _ _ _ _ _ _ _ _ Government d e p o s i t s * _ _ _ _ _ _ _ 9 • hem be r banks 1 c o l l a t e r a l n o t e s secured by _* (a) -h S. Govt, o b l i g a t i o n s - ~ (b) ^ 1 1 ot.-i.er ———— —_ _ —- — _ 10 - B i l l s d i s c o u n t e d f o r member banks, secrjred by - * (a) U* S. Govt, o b l i g a t i o n s - - (b) A l l o t h e r _ _ _ _ _ _ _ _ _ _ TOTAL (items 5 to 10 i n c l u s i v e ) - 11, Due from banks, bankers and t r u s t companies - r r o s s 12- Due to banlcs, bankers and t r u s t conroanied - gross rlUxS HUSS RISE POTE Fl R Cities 19— Foim St.51 (Re v . Dec, 192C) 1 ^ !All s e l e c t e d c i t - J Notes Cod 3 J F» R» Branch I Other s e l e c t - • C o i e l i e s i n d i s t r i c t 1 ed c i t i e s Ci t i e s IFigures should be TREEM! ! ROSE! ! ' e i t h e r mailed or t e l e 1 ! ! graphed to the Board so as to r e a c h Washington tKA^E! n o t l a t e r than 9 o ' c l o c k leach Friday morning. %FBI [CITS ! 'Figures wired to the I Board should include KOTE Trricii: ionly those f o r "Federal Reserve bank c i t i e s / * "Federal Reserve branch c i t i e s " and "All s e l e c t e d c i t i e s in d i s t r i c t . " Bank T'.ICE : -:OOM ! FUSE PENT PICT POSE °F-r. PA^ XORB KALB PEAG ^T0B EARS PLOW FA3V *Items 4 , 3 , 9 , and- 10, which are to be i n s e r t e d by the F e d e r a l Be serve Bank, should i n c l u d e figures for reporting banks o n l y , **Item 11 should n o t include amounts due from Federal Reserve bank and f o r e i g n banks, items with Federal Reserve bank i n p r o c e s s of c o l l e c t i o n , exchanges f o r c l e a r i n g ihouse, checks on l o c a l banks, cash items, e t c . Item 12 should n o t i n c l u d e amounts due to Federal Reserve bank and f o r e i g n banks.
@FedFRASER