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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Friday afternoon, April 13; not e a r l i e r . 3460 F e d e r a l Reserve Board, A Pril l2'•1923« CONDITION OF MEMBER BANKS IN LEADING CITIES F a r t h e r i n c r e a s e s of l o a n s and d i s c o u n t s , t o t a l i n g $ 9 6 , 0 0 0 , 0 0 0 f o r the week, as a g a i n s t a t o t a l r e d u c t i o n of $ 2 4 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , acconpanied^by i n c r e a s e s of $130,000,000 i n n e t demand d e p o s i t s and of $41,000,000 i n time d e p o s i t s , a r e shown in t h e F e d e r a l R e s e r v e B o a r d ' s weekly c o n s o l i d a t e d s t a t e m e n t of c o n d i t i o n on A p r i l 4 of 777 member banks i n l e a d i n g c i t i e s . A l l c l a s s e s of l o a n s show l a r g e r t o t a l s t h a n t h e week b e f o r e ; l o a n s secured by Government o b l i g a t i o n s - by $ 5 , 0 0 0 , 0 0 0 , l o a n s secured by c o r p o r a t e and o t h e r o b l i g a t i o n s - by $ 6 ) , 0 0 0 , 0 0 0 , and a l l o t h e r , l a r g e l y commercial, l o a n * and d i s c o u n t s - by^ $ 2 8 , 0 0 0 , 0 0 0 . I n v e s t m e n t s i n Government s e c u r i t i e s d e c l i n e d about $>19,000,000 and t h o s e i n c o r p o r a t e and o t h e r s e c u r i t i e s - about $ 5 , 0 0 0 , 0 0 0 . Corresponding changes in t h e l o a n account of t h e member banks in New York C i t y comprise i n c r e a s e s of $6,000,000 in l o a n s a g a i n s t Government s e c u r i t i e s , of $ 5 4 , 0 0 0 , 0 0 0 i n l o a n s a g a i n s t c o r p o r a t e and o t h e r s e c u r i t i e s , and of $16,000,000 i n a l l o t h e r l o a n s ana discounts. Borrowings of t h e r e p o r t i n g i n s t i t u t i o n s f r o m t h e F e d e r a l r e s e r v e b a n k s show a d e c l i n e f r o m $475,000,000 t o $469,000,000, or f r o m 2 , 9 t o 2 . 8 p e r c e n t of t h e i r combined l o a n s and i n v e s t m e n t s . Member banks in New York City r e p o r t a r e d u c t i o n from $165,000,000 t o $151,000,000 i n accommodation a t t h e l o c a l r e s e r v e bank an from 3 , 1 t o 2 , 8 p e r c e n t i n t h e r a t i o of t h i s accommodation t o t o t a l l o a n s and i n v e s t m e n t s . S i n c e J a n u a r y 3 of t h e p r e s e n t y e a r t o t a l l o a n s and ^ G s t m e n t , t h e r e p o r t i n g banks have gone up $216,000,000, and t n e i r b o r r o w i n g s a t banks about $ 7 9 , 0 0 0 , 0 0 0 . For t h e same p e r i o d t h e member banks m New York y show a r e d u c t i o n of $ 9 1 , 0 0 0 , 0 0 0 i n t h e i r l o a n s and i n v e s t m e n t s , and an i n c r e a s e 01. $23,000,000 in accommodation a t t h e r e s e r v e bank. r e s e r v e b a l a n c e s and a nominal i n c r e a s e i n cash* Following I s a statement of changes i n t h e p r i n c i p a l a s s e t s a m l i a b i l i t i e s on A p r i l 4, 1923, as compared w i t h a week and a y e a r a g o . Increase or Decrease In m i l l i o n s of d o l l a r s since MAT. 28, 1923 A£r^_1222 1. i Loans and d i s c o u n t s - t o t a l . • Secured by U. S, Govt, o b l i g a t i o n s Secured by s t o c k s and bonds All other + 9 6 . . . . . ' ' ' ' Investments, t o t a l U. 5. bonds U, S. V i c t o r y n o t e s and T r e a s u r y n o t e s Treasury c e r t i f i c a t e s Other s t o c k s and bonds . ^ . . . ' ' Government d e p o s i t s « « • * r 4 * * * Net demand d e p o s i t s • • • • • • • Time d e p o s i t s _ . Reserve b a l a n c e s w i t h F, R. Banks . Cash i n v a u l t . . . T o t a l accommodation a t F» R« Banks + * # * . . . . . . ^ + „ c 1,006 1Q3 £73 4^ + 2g + 24 + ' + + + c + -j p ^ + 130 ^ 4. + + + 987 ^96 459 ^ 53 93 1 79 75^ SoE R e l e a s e d f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , A p r i l 13» 1923j n o t e a r l i e r . S t . 34bOa PRINCIPAL RESOURCE AMD LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES (Amounts i n t h o g s a n i s of d o l l a r s ) Apr. 4 , 1923 Loans and d i s c o u n t s , g r o s s : S e c u r e d by s t o c k s and b o n d s ( o t h e r t h a n U. S. s e c u r i t i e s ) - - - Mar.2S f 1923 O c t . 4 , 1922 777 756 Apr- 5 , 19; 801 265,268 3,765,339 .7,752,373 264,025 3,618,941 7,168,342 373,577 3,155,056 7,345,236 11,783,480 11,051,302 10,574,199 1,380,542 1,030,975 928,753 667,378 458,962 191,462 166,769 109,115 2,161,484 2,244,282 2,103,043 16,569,156 16,497,611 15,510,279 14,576,294 1,406,993 1,394,772 1,396,780 1,313,525 282,544 281,801 273,355 11,082,059 11,168,378 10,455,969 3,948,420 3,564,586 3,121,448 337,323 125,733 158,132 290,245 184,708 80,623 101,183 106,142 160,637 2-9 1-2 1.8 3,227,929 7,751,039 283,280) 1,041,643) 107,509) 337,082 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 e d e r a l R e s e r v e Bank: 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. Bank t o 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 - - - - - - C - - - - - - - 2.8 R e l e a s e d f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , A p r i l 13» 1923* not e a r l i e r . q+ PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MJ3.3ER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS, APRIL 4 ,—- z1923. ( i m o u n t s i n t h o u s a n d s of d o l l a r s ) Federal Reserve D i s t r i c t Nxmber of r e p o r t i n g banks Boston New York Phila. Cleve. Rich. Atlanta 46 107 55 ^ 77 39 Chicago : Loans and d i s c o u n t s , g r o s s : S t . Louis Minn. 36 30 107 : T o t a l loans and d i s c o u n t s U. S. p r e - w a r bonds S 6 4 , l 6 S 4 , 3 0 9 , 0 9 7 6 l 8 , l 4 l 1,OSS,687 4 5 8 , 5 4 5 12,722 48,476 11,464 4 8 , 0 4 3 30,310 78,213 4 5 6 , 2 3 5 47,287 120,214 30,933 U- S. L i b e r t y b o n d s U. S, T r e a s u r y b o n d s U. S. V i c t o r y n o t e s and Treasury notes U- S. C e r t i f i c a t e s of Indebtedness 53 406,486 1 , 7 4 5 , 6 4 6 455,570 251,761 450,408 2 6 9 , § 3 3 66 Total 777 961,257 1 1 , £ 7 9 , 6 1 9 14,541 24,955 15,323 8,776 12,092 15,85* 36,526 283,082 13,994 94,675 25,380 11,610 46,658 15,251 98,033 1,038,483 2,229 13,495 105,793 20,670 14,146 50,833 918,042 15,556 188,060 37,628 4,155 8,681 5,005 1,849 12,408 9,102 1,319 ^3,749 501,625 53,295 58,600 9,947 6,354 128,248 24,743 25,832 6,l6l 77,224 7,767 16,459 4,131 9,321 25,666 5,537 4,276 718,347 181,252 287,609 51,143 36,346 366.529 87,182 1,161,676 6,148,632 923,361 1,628,293 590,oi4 7B Sail IS i l i Iil #1 ; 5,285 Other bonds, s t o c k s & s e c u r i t i e s l 7 1 , 3 7 8 ICans.Cy. D a l l a s : jS&sKHaL iii hIS s 5 iS iff i l, T o t a l l o a n s and d i s c o u n t s and i n v e s t m e n t s v 4,637 7,358 s,6o4 30,592 3 9 * 8 8 3 9,o64 156.752 2.156 "t-vv s I VC-<, 1077 v 1 1 4 8 8 , 8 9 1 2 , 3 9 8 , 1 2 7 622,837 334,166 601,706 339,001 1, 332,452 1 6 , 5 6 9 , 1 5 6 R e s e r v e b a l a n c e w i t h F. R. Bk,, 84,039 621,057 74,231 112,792 35,336 33,394 208,009 Cash i n v a u l t 45,454 23,923 18,447 83,654 16,434 31,070 13,527 10,004 55,280 8,06l 5,875 51,935 25,085 91,738 1,406,993 11,103 20,811 283,491 9,225 Net demand d e p o s i t s 7 9 6 , 7 9 6 4 , 7 5 4 , 4 1 4 696,130 925,402 3 3 2 , 5 6 1 Time d e p o s i t s 278,707 1 , 4 7 7 , 0 3 8 365,671 211,534 4 5 8 , 5 0 5 2 5 5 , 2 2 1 249,534 680,328 11,212,307 926,541 88,386 5 5 1 , 3 9 3 154,318 169,150 Government d e p o s i t s 609,805 19,253 153,498 3,989,247 26,859 24,968 9,778 11,017 29,882 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. Bank: Secured by U . S . G o v t , o b l i g . All other 10,322 5,540 24,226 337,082 7,752 21,520 143,390 39,356 20,673 15,009 11,719 11,778 13,756 18,486 980 6,038 45,211 31,292 3,879 12,087 3,265 3,736 19,672 18,920 281,781 187,077 C 7 7 2 , 4 2 9 183,97s 83,677 124,508 7 5 , 5 2 8 6 , 9 1 3 14,826 11,439 5,754 45 3,101 R e l e a s e d f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , A p r i l 1 3 , 1923, n o t e a r l i e r . cv.3^50c PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES (Amounts i n t h o u s a n d s of d o l l a r s ) , Other F . R. A l l F. R. New York C i t y s e l e c t ? 2d c i t i e s Branch c i t i e s C i t y of Chicago Bank c i t i e s Apr. 4 Apr. 4 Apr. 4 Mar. 28 Mar. 28 Apr. 4 Apr, 4 Mar, 28 Mar. 28 Mar. 28 208 Number o f r e p o r t i n g b a n k s 49 207 49 310 311 63 b3 259 259 Loans a n d d i s c o u n t s , g r o s s : 181,488 174,495 4o,246 S e c u r e d b y U, S„ Govt, o b l i g . 79,720 43,917 50,483 40,287 74,356 33,293 37,150 l,5Uo,852 1,486,631 S e c u r e d by s t o c k s and bonds 415,552 413,570 2 , 7 9 7 , 2 8 0 2 , 7 3 1 . 0 6 4 484,962 552,736 549,313 477,913 2,190,368 2,173,710 A l l o t h e r loans and d i s c o u n t s 680,003 4,825,413 4,812,033 1,56S,682 1,554,436 1,386,944 1,386,4o4 680,875 T o t a l l o a n s and d i s c o u n t s 3 , 8 1 1 , 0 0 0 3 , 7 3 4 , 6 9 7 1 , 1 3 3 , 5 7 7 3. , 1 2 6 , 5 7 1 7 , 8 0 4 , 1 8 1 7 , 7 1 7 , 5 9 5 2 , 1 7 0 , 3 3 5 2 , 1 5 4 , 2 3 2 1 , 9 0 5 , 1 0 3 1 , 9 1 1 , 6 5 3 U. S. p r e - w a r b o n d s 37,825 37,835 3,413 3,408 99,796 99,768 77,091 77,017 106,195 106 > 9 5 U. S, L i b e r t y bonds 388,864 387,653 37,544 37,574 619,388 619 > 9 7 251,017 252,205 168,078 169,941 28,197 29,906 5,459 5,4l4 57,744 59,516 25,679 25.615 22,370 22,378 468,649 477,062 85,137 85,270 693,536 702,255 142,882 144,738 81,624 81,760 U. S. C e r t i f i c a t e s o f i n d e b t e d n e s s 72,263 70,236 11,283 11,616 114,158 113,558 47,009 49,886 26,893 28,018 O t h e r b o n d s , s t o c k s , and s e c u r i t i e s 518,942 518,171 158,714 191,798 1,162,376 1,167,651 570,994 570,253 422,707 423,580 U. S, T r e a s u r y bonds U. S. V i c t o r y n o t e s a n d Treasury notes T o t a l l o a n s a n d d i s c o u n t s and inve stments R e s e r v e b a l a n c e with F„ R, Bank Cash i n v a u l t Net demand d e p o s i t s 5,325,740 5,255,560 571,197 69,204 589,476 68,195 4,257,805 4,185,561 1,465,127 1,461,951 10,551,179 10,479,840 3,285,007 3,273.946 2,732,970 2.743,825 145,211 228,211 136,051 995,889 993,782 235,191 175,913 172,785 145,688 29,405 145,663 29,369 59,226 59,225 78,578 77,655 998,211 995,110 7 , 6 3 2 , 2 5 9 7 , 5 2 3 , 5 5 2 1 , 8 8 7 , 8 5 2 1 , 8 5 9 , 3 3 1 1 , 6 9 2 , 1 9 6 1 , 6 9 9 , 1 7 6 Time d e p o s i t s 663,879 626,165 376,407 376,425 1,998,063 Government d e p o s i t s l4o,867 l4o,867 15,713 15,713 243,060 243,077 63,544 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„ Bank: S e c u r e d by U, S. Govt, o b l i g . &11 o t h e r 124,092 27,100 130,211 35,341 25,245 22,623 24,359 16,597 204,787 126,722 211,235 132,795 48,955 32,457 2.8 3-1 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, Bank t o t o t a l l o a n s and investments, per cent W. 3.3 2.8 3-1 1,961,267 1,166,846 1,162,987 3.3 2.5 824,338 824,166 63,588 30,478 30,65s 49,237 27,116 28,039 27,898 29,773 24,797 2.3 2.0 2.0
@FedFRASER