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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n St*16$4 Monday morning, Apr , 4; F e d e r a l Reserve Board not e a r l i e r . A p r i l 2, 1921 + CONDITION OF MEMBER BANKS IN LEADING CITIES L i q u i d a t i o n of 3 1 m i l l i o n s of l o a n s and of 64 m i l l i o n s of T r e a s u r y c e r t i f i c a t e s , accompanied by a r e d u c t i o n of 190 m i l l i o n s in demand d e p o s i t s and by i n c r e a s e d borrowings f r a n the F e d e r a l Reserve Banks, i s i n d i c a t e d in the F e d e r a l Reserve B o a r d ' s weekly s t a t e m e n t of c o n d i t i o n on March 25 of 823 member banks in l e a d i n g cities* All c l a s s e s of l o a n s c o n t i n u e to show r e d u c t i o n s ; l o a n s s e cured by Government o b l i g a t i o n s ~ by 1 m i l l i o n ; l o a n s secured by s t o c k s and bonds - by 4 m i l l i o n s ; and a l l o t h e r loans and d i s c o u n t s by 26 m i l l i o n s - Corresponding r e d u c t i o n s of 2, 10 and 25 m i l l i o n s are shown f o r member banks i n New York C i t y , As a g a i n s t an i n c r e a s e of 9 m i l l i o n s in h o l d i n g s of U« S, bonds and V i c t o r y n o t e s , the banks r e p o r t a r e d u c t i o n of 64 m i l l i o n s i n Treasury c e r t i f i c a t e s , due l a r g e l y to s a l e s of c e r t i f i c a t e s of the March 15 i s s u e t o p r i v a t e i n v e s t o r s • Holdings of o t h e r bonds, s t o c k s and s e c u r i t i e s show a d e c l i n e of 7 m i l l i o n s > As a consequence of t h e s e changes, the banks 1 t o t a l l o a n s and investments a r e shown 93 m i l l i o n s s m a l l e r than the week b e f o r e , For the New York banks an i n c r e a s e of 3 m i l l i o n s i n t h e h o l d i n g s of U, S. bonds and V i c t o r y n o t e s and d e c r e a s e s of 4 l m i l l i o n s in T r e a s u r y c e r t i f i c a t e s and of 8 m i l l i o n s i n o t h e r i n v e s t m e n t s are shown, w i t h a t o t a l r e d u c t i o n of loans and i n v e s t m e n t s of 8) m i l l i o n s . Accommodation of r e p o r t i n g banks a t the F e d e r a l Reserve Banks i n c r e a s e d d u r i n g t h e week f r e m 1,719 to 1,764 m i l l i o n s and c o n s t i t u t e d 11 p e r c e n t of the banks 1 t o t a l l o a n s and i n v e s t m e n t s , compared w i t h 10 *7 per cent the week before* Ihe member banks in New York City, on the o t h e r hand, showed a r e d u c t i o n of borrowings frem t h e l o c a l F e d e r a l Reserve Bank f rem 65I m i l l i o n s f o r t h e week before to 6 0 5 m i l l i o n s f o r t h e week under review, and a r e d u c t i o n i n the r a t i o of accommodation from 12,4 t o 11*7 per cent# Government d e p o s i t s were 19 m i l l i o n s s m a l l e r than the week bef o r e , and o t h e r demand d e p o s i t s f e l l o f f 190 m i l l i o n s , w h i l e time d e p o s i t s show a g a i n of 6 m i l l i o n s f o r t h e week, In New York City r e d u c t i o n s of 9 m i l l i o n s i n Government d e p o s i t s , of 39 m i l l i o n s i n demand d e p o s i t s , and of l e s s than 1 m i l l i o n in time d e p o s i t s a r e noted» Reserve b a l a n c e s of t h e r e p o r t i n g banks w i t h the F e d e r a l Reserve Banks show an i n c r e a s e of 8 m i l l i o n s f o r the week, the i n c r e a s e f o r t h e New York C i t y banks being l e s s than 1 m i l l i o n * Cash i n ^ v a u l t was 6 m i l l i o n s l e s s than the week before* No change in t h i s item i s shown f o r the member banks i n New York C i t y , keleasecL f o r p u b l i c a t i o n Monday morning, A p r i l 4, 1921; n o t e a r l i e r . PRINCIPAL RESOURCE.AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IE LEADING CITIES (Amounts i n thousands of d o l l a r s . ) Mar. 25,1921 Mar. 12,1921 824 823 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 with 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 secured by s t o c k s and bonds ( o t h e r than U. S, s e c u r i t i e s ) - - - - - - s t .1894-a S e p t . 24,1920 818 Mar. 26,1920 811 759,917 3,011,152 8,827,750 12,598,81$ 761,430 3,014,740 8,853,644 12,629 , 814 950,324 3,055,942 (a) (a) l ,l6o,l4i 3,193,212 (a) (a) 874,856 866,134 872,865 860,181 192,687 192,219 191,472 200,212 274,846 338,844 383,420 487,64} 2,041,780 2.049.121 15,982,988 16,076,132 17,140,246 16,819,270 1,259,573 1,252,032 1,361,800 1,413,918 314,764 321,189 358,383 359,854 10,185,727 10,375,720 11,160,537 11,495,549 2,932,472 2,926,448 2,786,811 £, 584,959 328,613 347,624 315,364 54,176 573,124 3,993 573,167 3,382 677,935 6,873 877,580 8,448 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 Reserve Bank: Secured by U, S. Govt, o b l i g a t i o n s _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ All othar - - ___ __ ___ _ _ _ _ _ 198,649 988,420 195,773 946,888 271,330 1,194,772 324,543 903,702 R a t i o cf b i l l s payable and r e d i s c o u n t s with 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 - _ _ _ _ _ _ _ _ _ _ _ _ _ _ 11.0 Other bonds, s t o c k s and s< Mr 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 s . 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 with F . R, Bank _ _ _ _ _ _ _ _ _ _ _ _ B i l l s payable with Federal Reserve Bank: Secured by U. S. Govt, o b l i g a t i o n s - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ (a) 10.7 12.5 (a) Comparable f i g u r e s not a v a i l a b l e . (a) 12.6 Released- f o r p u b l i c a t i o n Monday morning, A p r i l 4, 1921; n o t e a r l i e r . St.I&94b. PRINCIPAL RESOTJRCF, AND LIABILITY ITEMS OF ALL REPORTING MEMBER BJNKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS MARCH 2), ,1921. (Amounts i n thousands of d o l l a r s ) "Federal Reserve D i s t r i c t Boston New York Phi l a * C l e v e l . Richm- A t l a n t a Chicago St .Louis Minn. Kans.Cy. D a l l a s San F r a n . 'Total Number r e p o r t i n g t a n k s U9 113 $8 58 84 113 37 35 82 52 69 823 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 p c o m t e a w i t h 7,906 " ^ L o ^ n s ^ t c .by U . S . G o v t - o b l i g . 44,993 339,078 71,866 6 2 , 4 3 4 2 7 , 8 6 9 24,691 9 2 , 7 2 4 2 2 , 6 2 3 13,428 22,727 I . o a n s s e c . b y s t o c k s and b^nds 194,086 1,222,797 203,704 34?,657 112,505 5 7 , 6 2 6 438,842 I 2 O J 6 5 49,833 75,326 37,631 A l l Other loans & d i s c o u n t s 652,102 3.087.365 4q9,463 707,938 334.210 323.617 1.353.775 335.175 220,141 399,334 222,707 T o t a l l o a n s and d i s c o u n t s 891,181 4,649,24o 6 8 5 , 0 3 3 1,118,029 474,584 4o5,934 i , 8 8 5 , 3 4 l 478,563 283,4o2 497,387 2 6 s , 2 4 4 29,57s 759,917 150,380 3 , 0 1 1 , 1 5 2 781,923 8,827,750 961,881 12,598,819 IT. S . bonds 33,025 301,369 43,716 97,44o 6 5 , 6 2 5 39,618 77,455 28,884 1 6 , 6 9 0 35,745 37,301 97,988 874,856 u . S. V i c t o r y n o t e s 6,024 83,121 10,099 20,523 7,702 3,045 34,923 2,309 1,247 3,660 2,028 18,006 192,687 V. S. C e r t i f i c a t e s of indebtedness 18,049 l42,739 23,444 19,070 6,963 1,943 31,016 2,673 3,234 5,335 1,940 IS 44o 274,846 Other b o n d s , s t o c k s & s e c u r i t i e s 122.627 735.002 156.058 285.022 48.717 33,704 339.070 65.877 19.483 54.218 10.552 171,450 2 . 0 4 l , 7 S 0 T o t a l l o a n s and d i s c o u n t s , and investments including b i l l s r e d i s c o u n t e d w i t h F.R.Bk. 1,070,90b 5,911,471 9 1 8 , 3 5 0 1 , 5 4 0 , 0 8 4 603,591 4s4,244 2,367,805 578,306 324,056 596,345 3 2 0 , 0 6 5 1 , 2 6 7 , 7 6 5 1 5 , 9 8 2 , 9 8 8 Reserve balance w i t h F.R*Bank 73,128 586,301 63,'64s 97,035 32,072 29,430 175,695 40,232 19,145 43,403 22,289 77,195 1,259,573 Cash i n v a u l t 21, 904 104,255 16,834 29,403 .14,834 10,983 52,520 8,847 7,372 13,330 10,076 24,4o6 314,764 Net demand d e p o s i t s 705,606 4 , 5 4 5 , 4 6 3 623,764 854,366 317,251 2 2 9 , 9 0 5 1,257,524 308,782 185,240 384,085 202,611 Time d e p o s i t s 168,454 459,604 38,951 4 3 2 , 9 3 6 117,509 143,189 Government d e p o s i t s 24,750 170,639 36,560 29,851 8,214 2,323 26,125 6,437 B i l l s payable w i t h F-R.Bank: Sec . ' by TT. S. Govt. 0 bl ig < All other 30,289 256,003 45,662 33,473 36 25, 531 130 27,110 90 69,098 2,800 B i l l s r e d i s counted w i t h F.R .Panic! Sec, by TT- S» Govt. o b l i g . 18,294 All other 75,477 94,710 307,428 35,334 42,399 7,189 65,954 3,268 4o,oos S, 558 33,6x4 18,852 223,306 571,130 10,185,727 6 9 , 7 7 s 101,240 59,868 539,587 2,932,472 4,156 4,091 1,835 13,632 328,613 19,226 190 5,180 367 19,552 9,537 100 32,463 280 573,124 3,993 3,742 42,513 781 25,944 4,001 44, 2 7 6 586 17,348 3,334 70,153 198,649 988,420 6 5 8 , 0 1 0 143,336 Released, f o r p u b l i c a t i o n Monday morning, A p r i l 4, 1921; n o t e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK AND (Amounts i n thousands of d o l l a r s . ) All New York City City of Chicago Bank Mar. 25 Mar. 18 Mar. 25 Mar. 18 Mar. 25 Number of r e p o r t i n g banks ~[2 ~[2 $2 52 286 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 ' d w i t h F.R.Bank: Loans s e c . b y u . s , G o v t . o b i i g . 313,3-65 315,542 66,514 6y,i4i 558,372 Loans s e c . b y stocks & bonds 1,062,760 1,073,148 317,285 316,522 2,098,604 T o tal l o a n s and d i s c o u n t s U. S. U. S. U» S. Other 4,149,568 bonds 252,022 Victory notes 73,172 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 136,580 bonds, s t o c k s and s e c u r i t i e s 559,099 Total l o a n s and d i s c o u n t s , and investments including b i l l s r e d i s c o u n t e d w i t h F.R.Bank 5,176,441 4,186,986 1,245,366 1,234,487 254,662 73,695 177>3 567.434 19,867 12,877 12,182 146.613 8,467,944 19,260 434,371 12", 9 64 1 0 6 , 9 2 6 197,238 14,455 147,818 1,121,154 5,260,240 1,436,905 1,428,984 10,327,633 St-1894-c BRANCH CITIES AND ALL OTHER REPORTING BANKS. F, R. cities Mar. 18 286 552,909 2,100,058 F. R. Branch c i t i e s Mar. 25 Mar. 18 2l6 2l6 113,772 4)0,012 113,018 488,083 8 , 5 0 4 , 2 6 9 2,184,384 2 , 1 7 6 , 8 2 6 429,896 107,111 255,168 1.128,705 219,228 50,901 42,930 576,127 220,732 49,99s 46,820 574.951 10,425,149 3,073,570 3 , 0 6 9 , 3 2 7 All o t h e r r e p o r t i n g banks Mar. 25 Mar. 18 }21 322 87,773 422,536 29,503 426,599 1 , 9 4 6 , 4 9 1 1,948,719 221,257 34,860 34,67s 344,499 215,506 35,110 36,856 345,465 2,581,785 2 , 5 8 1 , 6 5 6 539,619 539,173 126,402 124,394 915,112 911,356 195,963 186,581 148,498 154,095 92, 258 91,692 31,306 31,592 181,909 183,339 60,003 63,225 72,852 74,625 4,063,690 4,103,132 885,903 918,938 7,082,263 7,207,369 1,622,249 1,656,051 Time d e p o s i t s 297,158 £97,820 313,991 311,021 1,365,683 1,359,485 916,161 917,296 650,628 649,667 Government d e p o s i t s 165,208 173,939 14,157 15,243 264,424 280,022 37,735 39,259 26,454 28,343 B i l l s payable with F« R» Bank: Sec. by U.S,Govt, o b l i g a t i o n s All other 233,609 242,154 21,618 2,800 21,392 1,790 382,197 2,800 388,208 1,849 129,564 845 127,005 1,155 61,363 348 57,954 378 92,678 279,103 93,013 315,629 11,135 146,447 n,64o 125,043 164,272 721,541 161,889 709,205 24,833 137,990 23,519 117,446 9,544 128,889 10,365 120,237 11.7 12.4 12.7 11.2 12-3 9-5 8.8 7.8 7-3 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 B i l l s r e d i s c o u n t e d with F.R.Bank: Sec. by U.S.Govt, o b l i g a t i o n s All other R a t i o of b i l l s payable and r e d i s c o u n t s with F . R . B k . , t o t o t a l l o a n s and i n Digitizedvestments for FRASER , p e r c e n t , 12.1 1,481,215 1 , 5 1 2 , 3 0 0
@FedFRASER