The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
: STATEMENT FOE THE PRESS X S - L ' - ^ r s x r » , not e a r l i e r , A ~'rii CONDITION OF MEMBER BANTS IN LEADING CITIES xy •>' Net l i q u i d a t i o n of $6.5,000,000 of l o a n s s e c u r e d by s t o c k s and bonds and of $13,000,000 of i n v e s t m e n t s , a s a g a i n s t an i n c r e a s e of $11,000,000 i n o t h e r , l a r g e l y , commercial, l o a n s and d i s c o u n t s , i s shown i n t h e F e d e r a l Reserve Board 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 11 of 777 member b a n k s i n l e a d i n g c i t i e s , L i q u i d a t i o n of p a p e r s e c u r e d b y s t o c k s and bonds was l i m i t e d a l m o s t ent i r e l y to member banks i n New York C i t y , which r e p o r t r e d u c t i o n s of $81,000,000 m t h i s c l a s s of l o a n s and of $ 4 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , as a g a i n s t an i n c r e a s e of $12 ,000,000. i n o t h e r , l o a n s and d i s c o u n t s . For the p e r i o d s i n c e J a n u a r y 3 l o a n s a g a i n s t s t o c k s and bonds of the r e p o r t i n g banks show a r e d u c t i o n of $ 1 4 6 , 0 0 0 , 0 0 0 , l o a n s a g a i n s t Government s e c u r i t i e s - a reduction $ 3 4 , 0 0 0 , 0 0 0 and i n v e s t m e n t s i n c o r p o r a t e s e c u r i t i e s - a r e d u c t i o n o i $ 7 2 , 0 0 0 , 0 0 0 , w h i l e t h e i r o t h e r , maifcly commercial, l o a n s have advanced $ 3 ° b , 0 0 0 , 0 0 0 and t h e i r i n v e s t m e n t s i n Government s e c u r i t i e s - about $15,000,000. 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 from the F e d e r a l Reserve banks show a f u r t h e r r e d u c t i o n f o r t h e week f r o m $469,000,000 to $ 3 9 6 , 0 0 0 , 0 0 0 , o r from 2 , 8 to 2 4 p e r cent of t h e i r combined l o a n s andimroatiments. For member banks i n New York C i t y a r e d u c t i o n from $151,000,000 to $127,000,000 i n b o r r o w i n g s from t h e l o c a l r e s e r v e bank and from 2 , 8 to 2 , 4 p e r c e n t i n t h e r a t i o of accommodation i s n o t e d , A p r i l 12 f i g u r e s d i f f e r , b u t l i t t l e from the c o r r e s p o n d i n g f i g u r e s a t t h e b e g i n n i n g of the y e a r , w h i l e f o r t h e same p e r i o d i n 19®2 accommodation 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 a t t h e r e s e r v e banks shows a r e d u c t i o n of $424,000,000, An i n c r e a s e f o r t h e week of $39,000,000 i n n e t demand d e p o s i t s i s o f f s e t by r e d u c t i o n s of $ 3 5 , 0 0 0 , 0 0 0 i n time d e p o s i t s and of $1,000,000 i n Government d e p o s i t s . Corresponding changes i n t h e d e p o s i t account of the New York banks comprise r e d u c t i o n s of $28,000,000 i n n e t demand d e p o s i t s and of $37,000,000 i n ^ t i m e d e p o s i t s . Reserve b a l a n c e s 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 show a d e c l i n e of * 2 0 , 0 0 0 , 0 0 0 , while c a s h i n v a u l t i n c r e a s e d by $ 6 , 0 0 0 , 0 0 0 , For member banks i n New York City i n c r e a s e s of $7,000,000 i n r e s e r v e b a l a n c e s and of $1,000,000 i n c a s h a r e n o t e d , Following i s a s t a t e m e n t of changes i n t h e p r i n c i p a l a s s e t s and l i a b i l i t i e s of r e p o r t i n g member banks, a s compared w i t h a week and a y e a r ago: Increase or Decrease I n m i l l i o n s of d o l l a r s since Apr. 4 . 1923 Apr. 12. 1922 55 2 65 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 b o n i s . . . . All o t h e r Investments, t o t a l 4 . . . U, S. 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 • . . . . . . . .. .. . •. . .. . . . .. . .. T o t a l accommodation a t F. R. Banks . . . . . . . C 968 5 64i 13 5- + + 95^ *375 - 15 + 9 ~ + + Reserve b a l a n c e s w i t h F, R. Banks Cash i n v a u l t . ., . .. . . Government d e p o s i t s Net demand d e p o s i t s . Time d e p o s i t s . . , . + 9 + - - + ^3 4 + + 5 422 4 6 j?o 65 20 6 + + 76 5 l 39 + + 194 686 73 + 173 38 + 813 Released, 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 20, 1^2}t not e a r l i e r # PRINCIPAL RESOURCE AM) LIABILITY ITEMS OF REPORTING k m # EE BMES IN LEADING CITIES (Amounts in t h o u s a n d s of d o l l a r s ) Apr. 11, 1923 Apr. 4, 1923 Number of r e p o r t i n g banks 111 Loans and d i s c c u n t s , g r o s s : Secured by IL S, Govt, o b l i g a t i o n s - - - - - - - - - - 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 - - - - - - - - - - - - - - - 272,416 3,762,622 7.789,99S - - - - - - - - - - - 11,825,036 777 270,651 3,227,929 7.781.039 11,879 , 619 ;t* 3473a. Oct. 11, 1922 787 Apr. 12, 1922 801 263,333 3,612,^42 7.242,171 367,700 3,121,395 . 7 . 367 . 627 11,118,446 10,856,725 1,364,192 1,047,472 U+ S* p r e - w a r bonds - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 282,206 283,082) U- S. L i b e r t y bonds - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,035,014 1,038,483) 105,263 105,793) - - - - - - - - - - - - - - - - - - - - - 920,740 918,042 677,306 462,414 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 - - - - - - - - - - - - - - - - - - - - - - - 173,112 188,060 147 , 682 108,584 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 - - - 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 and T r e a s u r y n o t e s - - - - - - - - - - - - - - - - -- 2.159.946 2.156.077 2 255.276 2,104.097 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 - - - - - - - - - - - - - - - - - - - 16,501,317 16,569,156 15»562,902 14,579,292 R e s e r v e b a l a n c e w i t h F, R* Bank - - - - - - - - - - - - - - - - - - - - - - - - - 1,357,452 1,406,593 1,440,372 1,311,739 Cash i n v a u l t - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Net demand d e p o s i t s - < > - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 289,200 11,251,109 283,491 11,212,307 300,382 11,256,711 283,968 10,564,778 3,951,362 3,959,247 3,579,652 3,135,077 Government d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 336,368 337,082 100,424 142,718 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 Reserve Bank: Secured by U. S, Govt, o b l i g a t i o n s - - - - - - - - - - - - - - - - - - - - - All other - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 239,083 156,720 281,781 187,077 156,394 121,349 52,579 140,596 2.8 1.8 1-5 - - Time d e p o s i t s 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 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 cent - - - - - - 2.4 Pel e a s e d f o r p u b l i c a t i o n on F r i d a y a f t e r n o o n , A p r i l 20, 1923; not. e a r l i e r . 7,4-7^ PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EA&i FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS, A p r i l i i * i$kj. ' (In thousands cf d o l l a r s ) Federal Reserve D i s t r i c t Boston Number c f r e p o r t i n g banks New York 46 Phila. CI e v e . Rich. Atlanta 55 34 77 39 108 Loans and d i s c o u n t s , g r o s s : 13,086 91,660 18,467 S e c u r e d by U . S . G o v t , o b l i g . 276,308 236,692 1,641,552 S e c u r e d by -stocks and bonds 6 0 9 . 3 2 5 2.509.682 332,765 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 U. S. P r e - w a r bonds U. S. T r e a s u r y bonds 52 66 777 9 7 0 , 8 9 3 11,825,036 21,753 19,211 24,790 15,323 8,776 92,873 24,420 272,416 3,762,622 7.7S9.qqs 12,091 19,556 36,176 282,206 11,645 47,105 15,487 97,995 1,035,014 4,732 2,764 13,068 105,263 50,372 920,740 455,361 47,927 119,147 30,568 14,104 37,184 4,180 8,195 5,000 2,045 12,471 9,033 1,319 507,720 53,433 57,024 9,605 6,993 124,251 24,414 25,809 21,251 15,992 66,25s 7,344 720,447 180.878 15,727 288,240 3,906 50,619 8,298 36,028 25,022 5,515 368.339 8 6 , 7 9 3 4,193 30,724 6,922 59 . 374 7,887 9,652 16,110 173,112 155.714 2 , 1 5 9 . 9 4 6 2,387,061 619,329 333,007 601,278 3 3 5 , 9 1 1 1 , 3 4 0 , 3 2 8 16,501,317 625,499 69,356 111,245 34,040 31,944 20%,974 42,403 24,079 46,152 26,201 89,806 1,387,452 84,682 16,148 30,779 15,884 10,924 54, 261 8,385 6,107 12,220 9,357 21,242 ' 289,200 8 0 3 , 7 0 8 4,730,139 706,410 918,877 335,157 282,478 Time d e p o s i t s 250,510 891,120 88,304 547,826 154,146 167,957 Government d e p o s i t s 19,253 153,49s 26,859 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. B a n k : S e c u r e d by U . S . G o v t , o b l i g . All other 4,809 23,011 116,524 20,486 38,701 10,877 78 Total 1,7 39,315 453,531 250,541 4 4 9 , 5 0 3 264,573 Net demand d e p o s i t s C 30 San F r a n . 8 5 9 , 1 0 3 4,242,894 627,540 1,095,577 462,453 4 0 8 , 8 1 3 4 8 , 4 7 2 11,464 12,722 4 7 , 9 6 7 30,500 14,369 1,15&,123 6,078,336 932,766 1 , 6 3 1 , 8 7 7 5 9 2 , 6 5 1 490,650 Cash i n v a u l t 36 Kans.Cy. D a l l a s 15,946 164,228 790.719 5,272 R e s e r v e b a l a n c e w i t h F.R.Bk, lOo Minn. 4 5 , 8 1 4 16,163 7 , 9 9 1 6,515 5,257 555,007 136,034 51,494 7 7 , 4 4 3 49,869 1 . 1 3 5 , 4 9 4 301.334 191.056 363.845 209.44? U, S, V i c t o r y n o t e s and 23,876 Treasury notes U* S. C e r t i f i c a t e s of Indebtedness 5,630 Other bonds, stocks & s e c u r i t i e s l 7 3 , 1 3 8 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 S t . Louis 3 1 , 8 9 6 10,020 7,541 126,102 63,379 379 , 514 684,167 324,271 337,893 75,382 U. S. L i b e r t y bonds Chicago 9,705 11,017 18,361 15,187 1 4 , 4 3 5 17,856 565 4,648 24,539 1 , 5 0 3 , 8 4 5 3&9.215 213,95a 4 5 8 , 5 5 2 2 3 7 , 5 0 3 7 7 0 , 0 1 1 153,194 84,280 126,039 29,831 10,322, 5,400 6,913 27,920 15,59 7 2,815 3,001 6,bl8 5,071 3,510 7 , 6i4 691,217 1 1 , 2 5 1 , 1 0 9 75,290 612,685 3,951,362 14,827 24,204 336,368 22,173 13,137 239,083 156,720 115 2,772 Released, 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 2 0 , 1923; n o t e a r l i e r . S t . 3473° 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 ) A l l F. R. F. R. Other New York C i t y C i t y of Chicago Bank c i t i e s Branch c i t i e s selected c i t i e s Apr. 11 Apr. 4 Apr. 11 Apr. 4 Apr. 11 Apr. 4 Apr. 4 Apr. 11 Apr. 4 Apr. 11 64 48 Number of r e p o r t i n g b a n k s 63 49 208 208 259 259 310 310 Loans and d i s c o u n t s , g r o s s : Secured by U. S. Govt, o b l i g . Secured by s t o c k s and bonds A l l other loans 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 82,684 79,780 1,459,826 1,540,852 2,193,654 2,190,368 3,742,164 3,811,000 37,150 415,552 680,375 182,401 2,723,258 4,527,799 181,488 40,246 49,522 48,917 40,493 2,797,280 482,377 556,987 552,736 477,313 4,825,413 1,571,335 1,568,632 1,390,804 1,386.944 1,126,066 1,133,577 7,733,458 7,804,181 2,177,304 2,170,335 1,313,674 1,905,103 35,638 423,273 667,155 U. S. p r e - w a r bonds 37,326 37,825 3,474 3*, 413 99,587 99,796 77,067 77,091 105,552 106,195 II. 5. L i b e r t y bonds 388,319 388,864 36,123 37,544 617,074 619,388 250,007 251,017 167,333 168,078 27,255 28,197 5,428 5,459 56,008 57,744 26,187 25,679 23,06s 22,370 475,077 468,649 81,183 85,137 697,749 693,536 l4i,9io 142,882 81,081 81,624 61,499 72,263 10,261 11,283 100,483 114,15s 46,678 47,009 25,951 26,893 520,508 518,942 190,866 188,714 1,164,772 1,162,376 572,391 570,994 422,783 422,707 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 i n d e b t e d n e s s 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 T o t a l l o a n s and d i s c o u n t s and investments Reserve 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 5,252,948 5,325,740 578,292 571,197 69,704 69,204 4,230,112 4,257,805 1 / 4 5 3 , 4 0 1 l ,465,127 1 0 , 4 6 9 , 1 3 1 1 0 , 5 5 1 , 1 7 9 3 , 2 9 2 , 1 4 4 3 , 2 8 5 , 0 0 7 2,740,-042 2 ,732,970 145,211 141,793 986,968 231,065 995,889 169,419 235,191 175,913 28,871 29,405 148,673 145,688 60,095 80,432 59,225 78,578 1,009,822 998,211 7,642,644 7,632,259 1,904,981 1,857,852 1,703,484 1,692,196 1,998,063 1,168,925 1,166,846 Time d e p o s i t s 627,070 663,879 372,366 376^407 1,957,245 Government d e p o s i t s 140,867 I4O,867 15,663 15^713 242,886- 243,060 63,123 99,5^6 27,367 124,092 27,100 17,150 9,213 25,245 22,623 170,424 102,501 204,787 126,722 42,457 26,250 2.6 3.1 B i l l s payable and r e d i s c o u n t s with F. R. l a n k : Secured by U. S. Govt, o b l i g . All o t h e r 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, -D.-iiik t o t o t a l l o a n s and in x r e °,truent s p e r c - r t 2.4 2.8 1.8 3.3 2.1 825,192 824,338 63,544 30,353 30,478 48,955 32,457 26,202 27,363 28,039 27,898 2.5 2.0 2.0
@FedFRASER