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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Monday morning, Apr, 25; not e a r l i e r , St.1934 F e d e r a l Reserve B o a r d A p r i l 23, 1921. CONDITION OF MEMBER BAKES IK LEADING CITIES L i q u i d a t i o n of $ 1 0 0 , 0 0 0 , 0 0 0 Of l o a n s , accompanied by a r e d a c t i o n of $50,000,000 i n b o r r o w i n g s from F e d e r a l R e s e r v e Banks, i s i n d i c a t e d by t h e F e d e r a l R e s e r v e B o a r d ' s weekly s t a t e m e n t * o f c o n d i t i o n on A p r i l 15 of 820 member banks i n l e a d i n g c i t i e s . C on t i n u e d l i q u i d a t i o n of a l l c l a s s e s of l o a n s i s shown f o r the week under r e v i e w : l o a n s s e c u r e d by U. S . Government o b l i g a t i o n s d e c l i n e d by $12,000,000; l o a n s s e c u r e d by s t o c k s and bonds - by $ 2 1 , 0 0 0 , 0 0 0 , and a l l o t h e r l o a n s and d i s c o u n t s - by $ 6 7 , 0 0 0 , 0 0 0 . For t h e New York C i t y member b a n k s , r e d u c t i o n s i n t h e t h r e e c l a s s e s of l o a n s were $ 5 , 0 0 0 , 0 0 0 , $13>000,000, and $27,000,000, r e s p e c t i v e l y . As a g a i n s t nominal changes i n h o l d i n g s of U n i t e d S t a t e s bonds »nd Vict o r y n o t e s , t h e banks r e p o r t an i n c r e a s e of $69,000,000 i n t h e i r 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 , of which a new i s s u e was a l l o t t e d on A p r i l 15* For t h e New York C i t y members t h e i n c r e a s e i n c e r t i f i c a t e h o i d i n e s was $20,000,000. Other b o n d s , s t o c k s and s e c u r i t i e s on hand were $ 9 , 0 0 0 , 0 0 0 more than the week b e f o r e , the i n c r e a s e i n New York C i t y b e i n g $10,000,000« As a consequence of t h e s e c h a n g e s , 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 on A p r i l 15 were $ 2 1 , 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 and stood a t $ 1 5 , 7 5 6 , 0 0 0 , 0 0 0 , marking a r e d u c t i o n of $ 1 , 5 2 8 , 0 0 0 , 0 0 0 from the peak f i g u r e of $ 1 7 , 2 8 4 , 0 0 0 , 0 0 0 r e p o r t e d on October 15 of t h e p a s t y e a r . For the New York C i t y members, a r e d u c t i o n of $14,000,000 i n t o t a l l o a n s and i n v e s t m e n t s i s n o t e d , t h e A p r i l 15 f i g u r e of $ 5 , 1 0 5 , 0 0 0 , 0 0 0 b e i n g $725,000,000 lower than the October 15 amount. 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 , 6 3 1 , 0 0 0 , 0 0 0 on A p r i l 8 to $ 1 , 5 8 1 , 0 0 0 , 0 0 0 on A p r i l 15 and c o n s t i t u t e d 10 p e r c e n t of 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 10«3 p e r c e n t on the p r e v i o u s F r i d a y . For t h e New York C i t y memoers, r e d u c t i o n s i n accommodation from $560,000,000 to $552,000,000 and i n t h e r a t i o of accommodation f r o m 1 0 . 9 t o 1 0 . 8 p e r c e n t a r e shown. L a r g e l y a s a consequence of t h e a l l o t m e n t of new c e r t i f i c a t e s on A p r i l 15iGovernment d e p o s i t s show an i n c r e a s e of $25,000,000 f o r t h e week, $6,000,000 of which r e p r e s e n t s the s h a r e of the New York C i t y members. Other •demand d e p o s i t s ( n e t ) i n c r e a s e d by $ 5 9 , 0 0 0 , 0 0 0 f o r a l l r e p o r t i n g b a n k s and by $33,000,000 f o r the banks i n New York C i t y , w h i l e time d e p o s i t s show a t o t a l i n c r e a s e of $ 1 , 0 0 0 , 0 0 0 , b u t a d e c r e a s e of $8,000,000 f o r t h e N e w York C i t y members< Reserve b a l a n c e s of shown. $18,000,000 l a r g e r b e i n g $ 2 5 , 0 0 0 , 0 0 0 . Cash item°being shown f o r t h e member b a n k s w i t h t h e F e d e r a l R e s e r v e banks a r e t h a n t h e week b e f o r e , t h e i n c r e a s e f o r New York C i t y i n v a u l t d e c r e a s e d by $ 9 , 0 0 0 , 0 0 0 , no changes m t h i s New York C i t y b a n k s . R e l e a s e d f o r p u b l i c a t i o n Monday, morning,, A p r i l 25, 1921; n o t e a r l i e r , PRINCIPAL RESOURCE AT ID LIABILITY ITEMS OF REPORTING MEMBER BANKS III LEADING CITIES - — — (Amounts i n t h o u s a n d s of d o l l a r s ) A p r . 15, 1 9 a A p r . 8, 1921 Number of r e p o r t i n g banks - - - - .. _ _ _ 820 821 L o a n s 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 b y -h. 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 b o n d s ( o t h e r t h a n t' . 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 - __ _ _ _ _ U. 3. v i c t o r y notes - - _ _ _ _ _ V- 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 ^ 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 - - - „ _ _ _ _ - . _ _ . _ _ _ _ _ _ __ _ _ _ _ _ Government 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 R e s e r v e Bank: S e c u r e d by tt, g „ Govt. o b l i g a t i o n s 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: S e c a i e d by U. S, Govt, o b l i g a t i o n s All o t h t 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. 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 - - ___ _ _ _ _ _ _ - - St.1934a O c t , 15, 1920 222 A p r . 16,19, 811 740,055 2,960,944 8.663.590 12,364,589 752,056 2,921,939 8.730.694 12,464,689 923,722 3,162,257 (a) (a) 1 , 1 2 9 , 259 3,179,452 (a) (a) 874,117 271,735 276,726 863,124 190,891 191,377 191,415 286,526 212,334 621,908 2,039,525 2.030,769 361,753 (a) 15,755,64s 15,776,904 17,283,996 17,044,036 1,269,570 1,251,801 1,422,082 1,437,112 307,9^3 316,624 321,114 370,467 10,263,390 10,204,045 11,472,924 11,623,551 2,923,712 2,923,013 2,808,303 2,608,527 329,192 304,227 122,401 129,249 503,256 1,685 499,317 6,195 668,623 4,339 877,576 6,649 190,202 885,169 197,061 928,003 259 , 201 1,316,807 312,723 256,456 10.0 10-3 . 13.0 ( a ) Comparable f i g u r e s n o t a v a i l a b l e 203,325 (a) 12.0 Ee 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 25, 1921; n o t e a r l i e r S t . 1934b. PRINCIPAL RESOURCE AND LIABILITY I M S OF ALL REPORTING- 'iEMBER BAI^S IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF TUSINES" APRIL 15, 1921. • ( 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 ) ; Total F e d e r a l Reserve D i s t r i c t Boston New York Phi l a • C l e v e l . R i c h n . A t l a n t a Chicago S t . L o u i s Minn- ICans.Cy. D a l l a s San Fran* Number r e p o r t i n g banks 4g 112 58 88 83 U3 113 37 35 81 52 69 820 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 F . R. Bank: . . , Loans s e c . b y U . S . G o v t . o b i i ~ . 39,364 333,484 6 8 j 4 o 6 3 , 4 7 9 26,990 22,848 o 0 | 1 0 5 23,596 1 3 , 2 3 1 2 1 , 7 6 2 7,627 29,229 740,055 . Loans s e c . b y s t o c k s and bonds 1 8 6 , 8 0 ? 1 , 2 2 0 , 5 1 2 202,885 3 4 9 , 0 4 9 112,174 55,455 426,°6l 121,516 29,695 6 9 , 5 1 3 37,639 i M 713 2 , 9 6 0 , 9 4 4 All other loans & discounts 6 3 7 , 1 7 5 3 . 0 1 2 , 6 4 4 402.159 690,062 335.307 313.285 1,321.327 322,528 236,762 396.823 217,919 777,599 8 , 6 6 3 , 5 9 0 T o t a l l o a n s and d i s c o u n t s 863, 3'4l 4, 566, 64o 673,384 1 , 1 0 2 , 5 9 0 4 7 4 , 4 7 1 391,618 1 , 8 3 8 , 3 9 3 4 67 , 64o 279,688 4 3 8 , 0 9 3 263,185 955, 541 12, 364, 589 u . s . bonds 33,183 u . S: V i c t o r y n o t e s 6,028 U< C • C e r t i f i c a t e s of i n d ? :.;to!ness • 17,486 o t h e r bonds, s t o c k s . & s e c u r i t i e s 124,733 305,293 82,521 44,456 10,025 97 , 407 20,356 60,904 7,193 39,498 3,142 77,150 34,373 28,221 2,189 16,684 1,209 34,554 2,957 37,016 l , 831 99,751 19,067 874,117 190,891 1.4-2,894 21,846 738,008 156.172 20,824 280,857 7,156 48,993 2,221 35.831 39,671 34-0,432 1,671 66.775 4,4cs 19.374 6,399 46.46o 2,303 9,099 19,647 172.791 286,526 2.039.525 Tot a] l o a n s and d i s c o u n t s , and investments including b i l l s ^ d i s c o u n t e d w i t h i - . i . B c . l , o 4 4 , 771 5,835,356 905,883 l, 522,034 598,717 472,310 2 , 3 3 0 , 0 1 9 566,496 321,363 578,468 313,434 1,266,797 15, 755,648 73,450 Cash i n v a u l t 20,874 R O vo* 0 UD B e s e r v e b a l a n c e w i t h FvR.Bahk 65,425 93,695 32, 227 26,657 177,934 40,838 18,786 4o,474 21, 241 72,790 1, 269,570 104,734 15, 931 28,563 15,515 10,224 51,4o6 8,425 6, 576 12,270 10,071 23, 271 307,943 Net demand d e p o s i t s 7 2 7 , 4 9 2 4 , 6 0 7 , 2 6 2 632,188 832,766 312,329 231,598 1,,279,796 315,677 179,512 3 7 8 , 5 2 9 200,299 Time d e p o s i t s 167,685 • 452,130 4o,950 4 2 5 , 7 5 4 119,002 142,285 Government d e p o s i t s 26,442 167,211 36,725 28,030 8,343 2, 943 25,635 8,080 B i l l s p a y a b l e w i t h F ,R<Bank: S e c . by U. Govt , o b l i g . All other l4,173 223, 120 42, 207 37,062 24,736 25,346 278 63,556 130 B i l l s r e d i s c o u n t e d wi t h F.R .Bank: Sec, by U. S. Govt . o b l i g e 12,2o5 All other 55,804 100,311 280,510 30,573 35,96s 6,758 75,4IO 2,832 41,021 7, i4o 27,350 17,208 185,550 565,342 10,: 263,390 69, 293 1 0 3 , 5 9 8 60, 570 545,886 2,( 923,718 7,086 4,088 2,464 12,145 329,192 16,079 4,248 357" 16, 880 6,119 100 29,730 820 503,256 1,685 4, 856 30,508 531 27,849 4,093 39,689 863 17,498 3,372 68,012 190,802 885,169 6 5 3 , 1 1 5 143,450 R e l e a s e d f o r p u b l i c a t i o n Monday morn i n s , A p r i l 25, 1921; n o t e a r l i e r . St.1934c. PRINCIPAL RESOURCE AND LIABILITY ITS!IS OF REPORTING TffiMEER BANKS IN F . R. BflIK AND BRANCH CITIES /MD ALL OTHER REPORTING BANKS• ( / 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 ) _ _ All E. R. E. R. All 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 r e p o r t i n g "banks A p r . 15 Apr. 8 A p r . 15 Apr. 8 Apr. In Apr. 8 A p r . 15 Apr. S A p r . 15 Apr. 8 Number of r e p o r t i n g b a n k s 71 71 52 52 284 285 2l6 216 320 320 L o a n s 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 ' d .with E.R.Bank: L o a n s s e c . b y U.S.Govt-oblig3OS,055 313,065 63,U34 66,694 5^0,281 550,745 111,902 112,606 87,272 88,705 L o a n s s e c . b y s t o c k s & bonds 1,061,236 1,073,225 308,039 306,478 2,056,612 2p73,367 483,993 48f,210 420,339 421,362 A l l o t h e r l o a n s and d i s c o u n t s 2f700.146 2.727.043 819.364 849.622 5.692.739 5,751,077 1,550.320 1,553,728 1.420.031 1,425,889 T o t a l l o a n s arid d i s c o u n t s TJ. s . U.S. TJ. SOther 4,069,437 bonds Victory notes C e r t i f i c a t e s of indebtedness bonds, stocks and s e c u r i t i e s 261,094 72,579 136,537 565,4l7 T o t a l l o a n s and d i s c o u n t s , and investments including t i l l s r e d i s c o m t e d w i t h E-R• Bank 5 , 1 0 5 , 0 6 4 4,113,933 1,210,837 1,222,79^ 260,549 72,349 Il6,4l2 555.555 20,192 12,909 l4,911 145.378 19,812 13,010 9 , 551 143,963 8 , 290 , 23 2 8,3 75,189 2,146,7 1 5 2,153,5^4 1,927,642 1,935,956 44o,733 106,778 198 , 487 1,119,868 436,991 ic6,$33 154,289 1,110.003 218,630 50,443 50,495 576.858 219,204 50,255 3 5,757 575.940 214,754 33,670 37 , 544 342.799 215,540 34,529 28,288 344,826 5 , 1 1 8 , 7 9 % 1 , 4 o 4 , 2 2 7 1,4-09,130 10, 1 5 6 , 0 9 8 10, 1 8 3 , 0 0 5 3 , 0 4 3 , l 4 l 3 , 0 3 4 , 7 0 0 2 , 5 5 6 , 4 0 9 2, 5 5 9 , 1 9 9 558,668 533,576 127,796 125,199 929,071 910,951 190,715 194,4Q4 149,734 146,356 92,869 92,715 29,895 31,263 178,875 181,457 60,63s 62,599 68,430 72,628 4,118,470 4 , 0 8 5 , 548 894,000 576,117 7,164,112 7 , 1 1 5 , 5 1 4 l , 6 1 9 , 0 1 7 1 , 6 1 3 , 7 0 2 1 , 4 8 0 , 2 6 1 1, 474, 829 Time d e p o s i t s 289,681 297,871 313,150 31^,370 1,361,704 1,355,670 912,929 913,755 649,085 650, 538 Government d e p o s i t s 162,875 156,9k) 16,357 12,44s 264,44? 249,091 4o,4oo 35,445 24,350 19,751 B i l l s payable with R. Bank: S e c . by U \ S , G o v t . o b l i g a t i o n s All other 199,601 191,100 21,596 130 19,952 650 324, 532 130 321,090 4,787 123,087 1,253 120,226 1,070 55,631 302 58,001 33S 98,427 253,357 100,386 268,175 9,393 113,547 10,314 130,263 158, 504 629,993 163,864 662,975 23,079 128,253 23,366 134,665 9,219 126,923 9,331 130, 363 R e s e r v e "balance w i t h F- R« -Bank Cash i n v a u l t N e t demand d e p o s i t s B i l l s r e d i s c o u n t e d v;ith F.E.Bank S e c . bv 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 T . R . B k , , t o t o t a l l o a n s and i n v eFRASER s t m e n t s , per c e n t Digitized for 10-8 10-9 10.3 11.4 11.0 11.3 9.1 9*2 7-5 7.8
@FedFRASER