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STATEMENT FOR THE PRESS st.1905 Released for p u b l i c a t i o n F e d e r a l Reserve Board Monday r - o r n i n g , A p r . 11; A p r i l 9, 1921. not e a r l i e r . CONDITION T f,EMBER BANKS IN LEADING CITIES A g g r e g a t e i n c r e a s e s of $55,OOO,000 i n demand d e p o s i t s , due l a r g e l y to the flow of f u n d s t o t h e E a s t from the i n t e r i o r of t h e c o u n t r y , a c companied "by r e d u c t i o n s of $ 7 9 , 0 0 0 , 0 0 0 i n t o t a l accommodation a t F e d e r a l R e s e r v e Banks, a r e i n d i c a t e d i n t h e F e d e r a l R e s e r v e B o a r d ' s w e e k l y s t a t e ment of c o n d i t i o n on A p r i l 1 of 822 member banks i n l e a d i n g c i t i e s • As a g a i n s t an i n c r e a s e of $ 1 7 , 0 0 0 , 0 0 0 i n l o a n s s e c u r e d by s t o c k s and bonds, t h e banks show r e d u c t i o n s of $ 5 , 0 0 0 , 0 0 0 i n l o a n s s e c u r e d by United S t a t e s Government o b l i g a t i o n s and of $ 5 2 , 0 0 0 , 0 0 0 i n a l l o t h e r loans and d i s c o u n t s , l a r g e l y of a c o m m e r c i a l c h a r a c t e r . For t h e New York C i t y memb e r s , an i n c r e a s e o f $ 1 8 , 0 0 0 , 0 0 0 i n l o a n s s e c u r e d by s t o c k s and bonds and d e c r e a s e s of $ 1 , 0 0 0 , 0 0 0 and $ 3 0 , 0 0 0 , 0 0 0 r e s p e c t i v e l y i n l o a n s s e c u r e d by Government o b l i g a t i o n s and i n a l l o t h e r l o a n s a r e shown. T o t a l l o a n s and d i s c o u n t s a r e $ 4 0 , 0 0 0 , 0 0 0 l e s s t h a n the week b e f o r e f o r a l l r e p o r t i n g member banks, and $ 1 3 , 0 0 0 , 0 0 0 l e s s f o r t h e New York C i t y b a n k s . Member bank h o l d i n g s of U n i t e d S t a t e s bonds and V i c t o r y n o t e s show a r e d u c t i o n of $ 7 , 0 0 0 , 0 0 0 f o r t h e week and t h e h o l d i n g s of T r e a s u r y c e r t i f i c a t e s - a r e d u c t i o n of $44, 0 0 0 , 0 0 0 , w h i l e o t h e r bonds, s t o c k s and s e c u r i t i e s on hand i n c r e a s e d by $ 1 0 , 0 0 0 , 0 0 0 . For t h e New York C i t y members, r e d u c t i o n s of $ 1 , 0 0 0 , 0 0 0 i n h o l d i n g s of U n i t e d S t a t e s bonds and V i c t o r y n o t e s and of $ 1 1 , 0 0 0 , 0 0 0 i n h o l d i n g s of T r e a s u r y c e r t i f i c a t e s , as a g a i n s t an i n c r e a s e of $ 5 , 0 0 0 , 0 0 0 i n o t h e r bonds, s t o c k s and s e c u r i t i e s , a r e n o t e d . As a consequence of t h e above changes, t o t a l l o a n s and i n v e s t m e n t s of a l l r e p o r t i n g banks show a r e d u c t i o n of $ 8 0 , 0 0 0 , 0 0 0 f o r the week, and those f o r t h e New York C i t y members - a r e d u c t i o n of $20,000,COO. Accommodation of r e p o r t i n g banks a t t h e F e d e r a l Reserve Banks d e c r e a s e d from $1, 7 6 4 , 0 0 0 , 0 0 0 on March 25 to $1, 6 8 5 , 0 0 0 , 0 0 0 on A p r i l 1 and c o n s t i t u t e d 10 .6 p e r c e n t o f t h e b a n k s ' t o t a l l o a n s and i n v e s t m e n t s on t h a t d a t e , compared w i t h 11 p e r c e n t t h e week b e f o r e . Of t h e t o t a l r e d u c t i o n of $ 7 9 , 0 0 0 , 0 0 0 i n accommodation, $ 7 2 , 0 0 0 , 0 0 0 r e p r e s e n t s t h e s h a r e of t h e New York C i t y n z n b e r banks whose t o t a l accommodation a t t h e l o c a l Reserve bank was r e d u c e d from $ 6 0 5 , 0 0 0 , 0 0 0 t o $ 5 3 3 , 0 0 0 , 0 0 0 , w i t h a d e c l i n e i n the r a t i o of accommodation from 11.7 t o 1 0 . 3 p e r c e n t . Government d e p o s i t s were $ 3 , 0 0 0 , 0 0 0 s m a l l e r t h a n the week b e f o r e , w h i l e o t h e r demand d e p o s i t s ( n e t ) i n c r e a s e d by $85,000,000 and time dep o s i t s d e c l i n e d by $ 7 , 0 0 0 , 0 0 0 • For t h e New York C i t y members, the amount of Government d e p o s i t s shows no change f o r t h e week, w h i l e o t h e r demand d e p o s i t s , as a consequence of t h e heavy f l o w of f u n d s t o New York C i t y , show an i n c r e a s e of $ 1 1 5 , 0 0 0 , 0 0 0 , and time d e p o s i ts/^ecfuced by $7; 0 0 0 , 0 0 0 . Reserve b a l a n c e s a t t h e F e d e r a l Reserve Banks show an i n c r e a s e of $ 3 , 0 0 0 , 0 0 0 f o r t h e week f o r a l l r e p o r t i n g banks and an i n c r e a s e of $ 2 4 , 0 0 0 , 0 0 0 f o r t h e New York C i t y members, w h i l e c a s h in v a u l t d e c l i n e d by $ l 4 , 0 0 0 , 0 0 0 , $ 5 , 0 0 0 , 0 0 0 of w h i c h r e p r e s e n t s the s h a r e of t h e New York C i t y banks > Be l e a s e d f o r p u b l i c a t i o n Monday m o r n i n g , A p r i l 11, 1921; n o t e a r l i e r PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING TCEMBER BAMS IN LEADING- CITIES (Accounts _in t h o u s a n d s of d o l l a r s ) ; A p r . 1, 1921 Mar. 25,1921 Number of r e p o r t i n g "banks - - - - - - - - - - - - - - - - - - - - - - - - 822 823 S t . 1905a. __________ O c t . 1, 1920 Apr- 2, 1920 820 811 Loans and d i s c o u n t s , i n c l u d i n g b i l l s r e d i s c o u n t e d w i t h F . R, Bank: Loans s e c u r e d by U . S. Govt - o b l i g a t i o n s - - - - - - - - - - - - - - - - Loans s e c u r e d by s t o c k s and bonds ( o t h e r t h a n U. S , s e c u r i t i e s ) - - - - - A l l o t h e r l o a n s and d i s c o u n t s - - - - - - - - - - - - - - - - - - - - - - T o t a l l o a n s and d i s c o u n t s 755, 451 3,027,93 5 8, 775. 553 12, 553,939 759,917 3,011,152 8. 827. 750 12,598,819 9^9,015 3,100,173 (a) (a) 1,154,228 3,152,9^3 (a) (a) u . s . bonds 870,776 874,856 872,4-59 861,096 U- S . V i c t o r y n o t e s 190,199 192,687 190, 769 203,922 231,32 1 274, 846 325,704 540, 806 - - 2,051.418 2.041,780 - - 15,902,713 15, 922, 928 17,144,386 16,914,993 - - - - - - 1,263,106 1,259,573 1 , 3 4 3 , 551 1,436,756 300,469 3i4,764 351,157 360,002 10,270,573 10,185,727 11,230,074 2,925,227 2,932,472 2,793,261 2,586,610 325,765 328,613 275,037 1 20,939 526,021 4,668 573,124 3,993 644,772 4,705 820,458 3,704 123,332 971,286 198,649 988,420 269, 537 1,246,435 3 24,350 899,707 U . S . C e r t i f i c a t e s of i n d e b t e d n e s s - Other bonds, s t o c k s and s e c u r i t i e s - - - - - - - - - - - - - - - - - - - T o t a l l o a n s & d i s c o u n t s , & i n v e s t - i n c l u d i n g b i l l s r e d i s c ' d - w i t h F.R-Bk. R e s e r v e b a l a n c e w i t h F , R. Bank - - Cash i n v a u l t - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Net demand d e p o s i t s Time d e p o s i t s Governs ;r.t d e p o s i t s B i l l s p a y a b l e w i t h F e d e r a l Reserve Bank: S e c u r e d by u . S . G o v t . o b l i g a t i o n s - - - - All other _ _ _ _ _ _ _ _ _ _ _ _ _ B i l l s r e d i s c o u n t e d w i t h F e d e r a l R e s e r v e Bank: Secured by U- S . G o v t . o b l i g a t i o n s _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ All other R a t i o of b i l l s p a y a b l e and r e d i s c o u n t s w i t h F . R , Banks to t o t a l l o a n s and i n v e s t m e n t s , p e r c e n t 10.6 11*0 . (a) (?-) ' 11,600,728 12-6 (a) Comparable f i g u r e s n o t a v a i l a b l e . 12*1 I E81 PEINCIPAL EFSOUBCE^Sd LIABILITY I I S ! 3 OF ALL ESCORTING !G!CBER BJWICS IN EACH FSDEHAL EFSFRVB PISTRICT AT CLOSE OF BUSINESS APRIL 1, 1921. (Amounts in t h o u s a n d s of d o l l a r s ) v e d e r a l Beser~e D i s t r i c t Boston Hew York P h i l s - " C l e v s l . B i c l n . A t l a n t a Chicago " S U I o u i s Minn. Kans.Cy. D a l l a s Ban S r a n . Total tater r e p o r t i n g tanks U9 112 52 88 84 43 113 37 35 82 52 69 822 Loans and d i s c o u n t s i n c l u d ing " b i l l s r e d i s c o u n t e d w i t h ''sa T o t a l l o a n s and d i s c o u n t s 1 . 1 : ^ 8 3 9 , 0 5 2 4 , 6 3 6 , 0 2 3 6 8 2 , 5 2 4 1 , 1 1 0 , 2 8 6 4 g o , 3 i o 3 9 9 , 1 6 5 1 , 8 7 9 . 6 5 5 *+75,077 283,919 4 9 4 , 9 5 5 266,327 961,64b 12,558,939 notes K O t h ? r e t m £ ! - - t o d = s & s e c u r i t i e s 123:807 7 3 s ! ^ 6 l4'.VZ H ' M £'.VX> ^ 9 2 1 4 ' , W ^ 1 > U U Z.O^Ulg investments including b i l l 323,107 591,251 318,160 1 , 2 6 6 , 1 9 4 r e d i s c o u n t e d w i t h F.B.Sk:. 1 , 0 6 2 , 9 7 0 5,889,427 907,779 1 , 5 2 5 , 6 1 5 606,230 420,139 2 , 3 5 8 , 6 0 5 572,636 70,797 169,572 4 o , 1 3 8 19,475 3 9 , 8 8 5 20, 794 606,4gg 69,713 93,169 3 3 , 3 4 2 27,516 72,211 Reserve balance w i t h F•H.'Bank Cash i n v a u l t 21, 256 98,062 15,770 9,965 23,264 845,926 3 1 6 , 3 5 2 231,423 1 , 2 2 9 , 8 6 8 3 1 1 , 8 3 7 182,673 3 79,199 198,721 566,021 60, o4o 539,256 2,925, 227 28,626 i4,049 10, 780 51,401 8, 473 6,508 12,309 Net demand d e p o s i t s 713,447 4, 663,402 6 3 1 , 7 0 4 Time d e p o s i t s 168,432 452, 560 39,620 Government d e p o s i t s 24J49 170,639 35,935 29,938 8,147 2, 060 25,010 6, 527 4,156 4,091 1,835 12,678 325,765 B i l l s payable with F.R.lank: S e c . by U. S. Govt, o b l i g . All other 25,026 224,015 44,101 35,121 36 28,014 26,622 95 66,523 3,500 17,165 4,551 357 17,993 9, 288 100 27 , 596 580 526,021 4.668 B i l l s r e d i s c o u n t e d w i t h P.P.Bank: S e c . by U. S . G o v t , o b l i g . 17,253 All other 79,238 84,128 277,093 31,2i6 4i,7i6 7,038 66,809 3,562 4l,679 2,222 33,622 19,181 235,425 547 27,028 3,469 4o,990 755 17,293 2,935 72,656 183,338 971,286 433,368 118,426 142,355 657,258 143,138 3^ 69,513 1 0 1 , 2 0 1 R e l e a s e d f o r p u b l i c a t i o n Monday m o r n i n g , A p r i l 11, 1921; n o t e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F . R. TMK AMD BRANCH CITIES AND ALL OTHER REPORTING- BAM Kb. (/mounts in thousands of d o l l a r s ) Ifumber of r e p o r t i n g banks Loans and discounts including ' New York City Apr, 1 Mar. 25 71 72 City of Chicago Apr. 1 Mar. 25 52 52 All F. R. Bank c i t i e s Apr. 1 Mar. 25 285 286 F. R. Branch c i t i e s Apr. 1 Mar. 25 2l6 216 All o t h e r r e p o r t i n g banks Apr, 1 Mar. 25 321 321 ISsie. kisuiiL m ta as II i s — II 11,1 ii.li .11 IS li III m * Total loans and d i s c o u n t s 4,136,344 Total loans and discounts, ana investments including "bills r e d i s counted with. F .R«Eank 5,156 , 269 4,149,56s 1,240,008 1,245,366 m m m - M 8,442,728 8,467,944 2,167,749 2,184,384 1,948,462 1,946,491 5,176,4411,427,869 1,436,90510,273,829 10,327,633 3 , 049,653 3 , 073 , 570 2,579 , 231 2,581, 785 563, i46 539,619 121,119 126, 402 930,502 915,112 182,994 195,963 149,610 l4s, 498 86,837 92,25s 29,649 31,306 172,604 181,909 57,995 6o, 003 69,870 72,852 4,178,969 4,063,690 855,044 885,903 7,176,034 7,082,263 1,611,320 1,622,249 1,483,219 1,481,215 Time d e p o s i t s 289,931 297,158 3i4,6li 313,991 1,360, 16 8 1,365,683 915, 763 916,161 649,296 650,628 Government d e p o s i t s 165, 208 165,20s 13,09s i4,157 262,243 264,424 37,623 37,735 25, S99 26,454 B i l l s payable with F. R • Bank: Sec . by U.S.C-ovt. o b l i g a t i o n s All other 201,745 233,609 20,856 3,500 21,618 2, 800 336, 073 3,500 382, 197 2, 800 128,340 830 129, 564 845 61,608 338 61,363 34s B i l l s rediscounted with F.R.Bank: Sec. by U.S.Govt, o b l i g a t i o n s All o t h e r 82,163 249,089 92,67s 279,103 11,087 15S,487 11,135 146,447 149,497 703,275 164,272 721,5U1 23,991 . 137,007' 24,833 137,990 9,850 131,004 9,544 128,889 11.7 13 .6 12.7 11.6 12.3 Reserve balance with F. R. Bank Cash i n v a u l t Net demand d e p o s i t s Ratio of b i l l s payable and r e d i s c o u n t s • with F.R.32k., to t o t a l loans and investments, per cent 10*3 9.5 9-5 7.9 7.8
@FedFRASER