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STATEMENT FOB THE PRESS. Released for publication Monday morning, April 12, 1920; not earlier. St*1073 Federal Reserve Board April 10, 1920 CONDITION OF MEMBER BANKS IN LEADING CITIES. Increases of 66.7 millions in Government deposits and of 105,2 millions in other demand deposits* in connection with the issue of a new series of Treasury certificates and payments of interest and dividend checks falling due on April 1, are indicated by the Federal Reserve Board's statement of condition on April 2 of SIX nanber "hanks in selected cities• Treasury certificate holdings show an increase for the week of 53.2 millions, largely at the member banks in New York City, while other Government securities on hand show a slight decline. Loans secured by Government war obligations%inclusive of paper held under rediscount by the Federal Reserve banks, declined 3-1 millions. Loans secured by stocks and bonds^ 3^*3 millions, the banks outside of New York City reporting by far*the larger portion of the decrease• All other loans and investments, including paper held under discount by the Reserve banks, show a reduction of 1.5 millions for all reporting banks, and of 6o»4 millions in New York City, the decrease at the New York banks being accompanied by a large reduction in the banks1 borrowings from their Reserve bank. Total loans and investments show an increase of 12.9 millions for all reporting banks, but a decrease of 22*2 millions for the New York City members. In connection with the large increases in demand, including Government, deposits the banks1 reserve balances with the Federal Reserve banks increased by 22.9 millions, the New York City banks reporting an increase under this head of 7*3 millions, as against a reduction of 6*1 millions shown for the member banks in Chicago. Total accommodation at the Federal Reserve banks shows a reduction for the week of 65#5 millions, larger reductions under this head for the New York member banks being offset to some extent by increases reported by the Chicago banks and by banks outsida^Federal Reserve bank and branch cities. War papsr^xmder dis- count for reporting members by the Federal Reserve banks shows a reduction from 1,202.1 to l,l44„3 millions, while other discounted paper declined from $12,1 to 903•4 millions. Released for publication Monday morning, April 12, 1920; not earlier. PRINCIPAL RESOURCE AND.LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES. — —^ c_xiz*is j n tlious3.nds of* dollars •) &pr-2, 1920 Number of reporting banks U. S. bonds to secure circulation - - - - - - - - 776 773 268,720 268,492 269,656 268,883 591,724 592,093 615,624 646,365 198,515 199.80S 304,60s 540,829 487,643 1,008,046 1,841,783 1,599,788 1,548,036 2,197,934 2,757,031 , , 3 158 94? ^ 11,091.64o 1,187,187 3,193,212 11,093,121 (a) 1,318,^44 (a) 1,106,751 17.031+, 520 17,021,556 15,816,663 14,358,813 1,436,756 1,413,918 1,363,437 1,267,552 360,002 359,854 353,950 349,579 11,598,526 11,493,317 11,019,486 10,097,465 2,526,610 2,584,959 2,002,595 1,691,971 120,939 54,176 604,485 452,831 820,257 3,704 877,580 ) 8,448 ) 1,168,574 1,140,253 323,977 895,707 324,543 ) 903,702 ) 425,221 276,737 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ U.S. certificates of indebtedness _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Loans and investments, including bills rediscounted with F.R. bankLoans secured by U.S. war obligations __ Loans secured by stocks and bonds other than U.S. securities - I - I I All other loans and investments _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Total loans and investments, including rediscounts with F.R. bank - Reserve balance with F.R. bank Cash in vault _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Net demand deposits _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Time deposits Government deposits Bills payable with Federal Reserve bank: Secured by U.S. war obligations _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ A11 0 ther _ _ _ _ _ — _ — — _ — _ — — Bills rediscounted with Federal Reserve bank: Secured by U.S. war obligations All other _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Ratio of U.S. war securities and war paper to total loans and invest rents including rediscounts with F.R. bank, per cent * r Apr-4, 1919 Sil ________ Total U.S. securities Oct.3, 1919 811 Other U.S. bonds including Liberty bonds _ _ _ _ _ _ _ _ _ _ _ _ _ U.S. Victory notes Mar. 26,1920 St.lC7j& 1 14.8 14.5 (a) g[75l!950 j ^ 10,218,294 (a) Exclusive of rediscounts with F.R. banks. Z iZ Released for publication Monday corning, April 12, 1920; not earlier; st.1073b PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MELIBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS APRIL 2, 1920. (Araounts in thousands of dollars.) Federal Reserve District Boston New York Phila. Clevel. Ricton. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Sain Fran. Total No. reporting banks us 116 57 92 82 47 107 35 35 24 44 66 211 U.S.bonds to sacur3 circulation I3,0bi 47,24s 11,347 4i,242 26,502 14,015 21,181 17,176 7,170 15,000 19,573 34,605 262,720 Other U.S. including Liberty bonds 14,034 238,679 26,882 5^,992 34,529 22,694 63,226 14,120 10,105 22,888 17,739 61,736 591,724 U. S% Victory notes 10,574 21,050 8,69s 6,60s 36,869 3,706 1,570 5,112 7,732 79,717 12,902 3,677 Um S. certificates of 192,515 indebtedness l g > g g 3—264,993 4s,567 29,802 12,507 16,226 63,903 13,032 10,625 2.116 17,619 30,550 540,229 Total U.S. securities 53,710 630,637 97,370 151,626 28,336 65,543 125,179 42,O4O 29,770 51,116 52,602 139,793 1,599,722 Loans and invest/rents including bills rediscounted with F.R. bank: EBEMF ,S:S ®S S:S >5:S 5:5 888 AS MS 68 9,991 35,296 30,723 1,124,149 144,291 3,158,943 vestments 901,427 387,566 4Q6,092 1,749,727 409,519 303,134 551,294 251,292 911,321 11,091,640 Total loans and invest- —754.202 3,273,264—592,070 ments incl* rediscounts with F.R, bank 1,075,945 6,406,470 1,032,461 1,426,483 623,173 563,603 2,513,515 657,462 321,035 705,798 355,727 1,226,788 17,034,520 Reserve balance with F.R. bank 72,791 690,205 66,306 100,474 37,021 35,622 197,952 45,539 24,202 51,424 28,025 21,177 1,436,756 Cash in vault 23,778 118,711 17,617 32,325 12,157 13,452 65,229 10,135 8,442 14,604 10,217 27,263 360,002 Net derand deposits 772,676 5,223,374 652,466 873,276 351,869 292,293 1,431,435 357,143 250,903 456,841 243,74c 613,910 U598,526 Time deposits 132,957 409,449 26,596 361,153 100,202 144,336 606,757 119,622 64,273 97,675 44,867 472,057 2,526,610 Government deposits 6,770 83,722 489 5,290 2,219 1,349 7,496 2,224 1,549 1,939 1,585 5,707 120,939 Bills payable with F.R. bank: Sec.by U.S.war obligations 25,872 334,444 25,149 64,657 37,219 39,722 106,366 29,691 11,355 26,290 26,926 31,966 220,257 All other 300 419 250 2,650 85 3,704 Bills rediscounted with F.R. bank: . Sec.by U.S.war obligations 3^*423 155*170 , 426 5§;§SS 4^498 31,'ioE 37,^69 24b^91 ll'Ms 2 5 ; G o ' M l 14,622 All other ' 83,395 192,995 mm Released for publication Monday corning, April 12, 1920; not earlier. St.1073c PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND ALL OTHER REPORTING BANKS. (Amounts in thousands of dollars.) p. a. All F,R, All other New York City City of Chicago bank cities branch cities reporting banlcs Apr .2 Mar-26 Apr. 2 Mar, 26 Apr .2 i^iar *26 Apr»2 iviar - 26 Apr»2 i'icLX*- 2d Number of reporting banks 72 50 73 50 278 279 196 195 337 337 U» S. bonds to secure circulation 37,551 1,438 1,438 37,551 100,ISO 100,227 70,804 70,926 97 , 689 97,386 Other U.S. bonds including Liberty bonds 206,807 205,143 28,572 328,888 29,771 327,926 143,327 143,918 119,509 120,249 U. S. Victory notes 68,753 67,270 13,415 14,658 102,454 102,174 52,765 53,476 43,296 44,158 U«S- Certificates of indebtedness 248,492 204,571 28,361 29,756 389,086 339,462 95,448 94,495 56,295 53,6s6 Total U. S. securities 5617603 514,535 71,786 75,623 920,655 s 69,742 362,344 362,815 316,789 315,479 Loans and investments including bills rediscounted with F.fi.bank: Loans secured by U.S. war obligations 525,259 528,21477,532 915,v64 77,453 922,433 150,309 148,936 114,776 115,818 Loans secured by stocks and bonds 1,189,641 1,195,845 346,993 362,385 2,257,502 2,280,625 484,897 487,814 416,544 424,772 All other loans and investments 3,413,445 3*473,838 1,055,321 1,046,780 7.054,141 7,091,048 2,162,171 2,144,361 1.87%.1,857.712 Total loans and investments including rediscounts with F*R. bank 5,689,948 5,712,432 1 ,551,632 1,562,241 11,151,352 Reserve balances with F» R. bank 641,906 634,611 137,686 143,836 1,050,596 Cash in vault 104,175 107,738 36,144 35,610 204,277 Net demand deposits 4,769,240 4,643,557 957,608 993,001 8,084,658 Time deposits 299,718 303,385 271,698 270,82} 1,162,964 Government deposits 81,119 21,637 5,080 104,868 4,919 Bills payable with F. R. bank : Secured by U*S, war obligations 294,603 332,439 53.045 59,63s 543,976 All other 320 r Bills rediscounted with F. R- bank: Secured by U.S. war obligations 151,401 6,804 154,787 7,656 279,859 All other 173,198 245,542 205,226 682,222 177,549 Ratio of U.S. war securities and war paper to total loans and investments, includings rediscounts with F. R. bank, per cent 18.4 17-6 9.5 15.6 9.7 — r. — 11,163,849 3,159,721 3.143,926 2>723,437 2,713,781 1,038,837 215,064 205,253 171,096 169,828 206,455 72,282 70.158 83,443 83,241 7,991,061 1,770,018 1,750,624 1,743,850 1,751,632 1,169,945 854,554 847,264 569,092 567,750 4o,462 8,094 6,509 7,977 7,205 592,187 595 184,824 2,834 199,206 4,075 91,457 550 86,187 3,778 284,o4o 27,241 124,063 22,543 702,916 120,272 16,877 93,422 17,960 80,514- 15-2 14.0 l4.o 12,3 12-3
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