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STATEMENT FOR THE PRESS Released for p u b l i c a t i o n Friday a f t e r n o o n , Apr. 7, not e a r l i e r . st.2712. Federal Reserve Board, A p r i l 6 , 1922. CONDITION OF MEMBER BANKS IN LEADING CITIES. «JBK an i n c r e a s e of I l 6 , 0 0 C , 0 0 0 i n Federal r e s e r v e bank a c c o m o d a t i o n , i s shorn i n the Federal Reserve Board's weekly c o n s o l i d a t e d statement of c o n d i t i o n on March 29 of 804 member banks i n l e a d i n g c i t i e s . »11 c l a s bf loans show r e d u c t i o n s f o r the week; U, S. bonds and i c o y^ c r e a s e d by about $ 1 1 , 0 0 0 , 0 0 0 , Treasury n o t e s show an a d d i t i o n 01 $ 5 , 0 0 0 , 0, while Treasury c e r t i f i c a t e s d e c l i n e d by $ 4 2 , 0 0 0 , 0 0 0 , l a r g e l y jroug a t o customers. Total loans and investments of the r e p o r t i n g i n s 1 u 10ns were $ 1 4 , 5 4 4 , 0 0 0 , 0 0 0 compared w i t h $ 1 5 , 9 0 3 , 0 0 0 , 0 0 0 on A p r i l 1, 19«21, »na $17,224,00V,000 on October 15, 1920, when the peak of c r e d i t expansion *ras. reached, Total a c c o m o d a t i o n of the r e p o r t i n g banks at the r e s e r v e b~nks i n creased from $ 2 5 2 , 0 0 0 , 0 0 0 t o $ 2 6 2 , 0 0 0 , 0 0 0 , or froh. 1.7 to 1 . 8 per cent 01 t o t a l loans and i n v e s t m e n t s , compared w i t h 10.6 per cent ^.bout <2, y3a,r a 6 o . Following i s a statement of changes i n the p r i n c i p a l i t e m s , at, com pared w i t h a week and a year ago: Loans and d i s c o u n t s - t o t a l Secured "by U , S . Government o b l i g a t i o n s Secured "by s t o c k s and bonds All other Increase or Decrease I n m i l l i o n s of d o l l a r s since March 22 1 _1222 AprilJ^J^l 1,709 Deer. 51 De cr. Deer. 4 Deer, Inc, Deer, 23 1,410 Deer. 24 Deer. Investments, t o t a l U, S, bonds Victory notes U, S, 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 Deer. Inc. Deer. Inc. Deer. Inc. 10 12 1 S 42 13 Inc. Inc. Deer. Inc. Deer, Inc. 349 Reserve b a l a n c e s w i t h F« R« banks Cash i n v a u l t Inc. Inc. 36 5 Inc. . Deer. 30 24 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 Deer. Deer, De c r . Deer. Inc. Inc* 127 3S 205 T o t a l accommodation a t F» H. banks Inc. 25 29 2 16 Deer. 1,418 15S 123 3 57 101 33 Released f o r p u b l i c a t i o n Friday afternoon, April 7, 1522; not e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES (Amounts i n thousands of d o l l a r s ) Number of reporting banks 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 rediscounted with F. R. Bank: 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 (other than U. S. s e c u r i t i e s ) . All other loans and d i s c o u n t s S 712a 1921 594' J 394,157 3,108,010 7,339,931 357,770 3,131,258 7,36^644 <S76 626 2 996*667 7,'999^00 7cc hn 3 C46 9tti g ^ O R ) 10,842,098 10,892,672 ll.572.S93 12,550,7*1 1,029,226 1,017,677 877,894 S7o!763 62.464 63,093 l6S,C64 io0|2U2 387,459 379,311 149.320 130,608 172.381 169.256 231.381 2.092,394 2.079,605 2,021.789 2,059,197 14,544.249 14,604.739 14,957,256 15 °02 32^ 1,293,212 1,256,746 1,241.664 1,263,106 276,028 271,24s 304,912 300.46° Net demand d e p o s i t s 10.308,949 10,337,664 9,865,599 10.270,573 Time d e p o s i t s Gpvernment d e p o s i t s 3,130,607 199.231 3.132,921 224,114 2,925.188 2,925,227 325,765 95»°90 4l6 81,670 364 223,609 1,078 ^26 o?i 4^668 7,122 164,942 7,482 162,068 56,255 594^329 1S3 330 971',286 1-8 1.7 Total loans and d i s c o u n t s U. S. bonds U. S. Victory n o t e s U. S. Treasury n o t e s U. S. C e r t i f i c a t e s of indebtedness - - - Other bonds, stocks and s e c u r i t i e s Total lo^ns & d i e c c u n t s & 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 ' d . w i t h F.£.Bk. • Reserve balance with F. R. Bank Cash i n v a u l t B i l l s payable with Secured by U. S. A l l other B i l l s rediscounted Secured by U. S. •All ether - - - Federal Reserve Bank: Govt, o b l i g a t i o n s with Federal Reserve Bank: Govt- o b l i g a t i o n s Ratio of b i l l s payable and rediscounts with F. R. Bank to t o t a l loans and investments, per cent - - - - - - - ' - - - - - - - - 547,173 ^0 6 Released f o r p u b l i c a t i o n Friday afternoon, April 7, 1922; not <=arli°r PRINCIPAL RESOURCE « * LIABILITY ITEMS OF ALL REPORTING m,,BER_BANKS IS EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS MAS. 2 , . 1 % ? ™ ' ——— (Amounts in thousands of d o l l a r s ) ^ ^ Federal Reserve D i s t r i c t Boston CIeve. Rich Number of reporting banks 45 To t a l 85 82 .japans and discounts, including 68 804 b i l l s rediscounted with F. R. Bank: Secured by U.S.Govt, o b l i g . 26,161 132,456 38,059 41,762 20,182 10,616 Secured by stocks and bonds 67.239 13,375 8,559 13.73* 5,065 16,651 394,157 201,1*31 1,406,025 1 93,684 328,106 104,601 54,742 422,754 120,71s 30,015 64,656 40,705 140,573 3,108,010 All other loans & discounts 564,161 2,443,852 110.711 628,632 310,824 2 ^ . 0 8 5 1 , 0 ^ 0 9 2 8 ^ 3 i f f £ g ^ !%[!% 689,278 7,339,931 Total loans and discounts 791,753 3,982,333 562,456 998,500 435,607 358,443 1,546,502 423,146 235,159 424,626 237,071 846,502 10,842,098 U. S. bonds 49,505 430,655 49,109 122,611 56,891 23,961 85,300 24,480 20,082 37,793 33,039 95,800 1,029,226 U. S. Victory notes 1,731 22,359 8,342 6,271 1,267 714 5,235 876 1,807 1,174 9,291 62,464 U. S. Treasury notes 12,653 241,408 16,113 26,659 4,646 1,692 39,833 3,397 7,079 7,162 6,677 3,181 20,356 387,459 U. S. C e r t i f i c a t e s of indebtadnees 6,694 8,000 3,323 12,606 15,979 130,608 Other bonds,stocks & s e c u r i t i e s 144,433 716,691 165,975 274,205 50,962 31,638 388,188 70,935 48,982 7,890 170,556 2,092,394 Total loans and discounts and investments, including b i l l s Reserve balance with with F. F. R. 63,989 rve balance R. Bank Bank' 74,670 7 ^ 7 0 ' 625,761 " ( S Cash i n v a u l t 17,016 89,035 1 5 , H 0 Net demand deposits 718,550 4,699,764 628,919 Time d e p o s i t s 196,380 539,953 48,627 Government deposits 17,685 81.4S4 13,712 B i l l s payable with F.R.Bank: Secured by U.S.Govt.oblig. 4,191 28,482 13,965 All other B i l l s rediscounted with F.R.Bank; Secured by U.S.Govt-oblig. 1,184 All other 19,445 1,095 19,306 2,188 1.1,686 ^ '"l^'o^ ^ 7 0 5 H ' l ^ t ' Z l l ^ S 26,823 13,437 9,24s 50,048 6,961 5,931 12,809 9,467 793,801 298,257 229,326 1,288,998 315,073 174,230 389,659 197,130 474,518 134,453 143,925 657,473 157,883 77,382 104,761 63,004 18,537 9,221 26 542 5,818 4,416 23,457 6,246 6,460 4,591 3,530 14,841 1,269 8,108 1,192 426 1,163 625 572 23,221 2 0 , 6 l 4 468 9,571 395 25,174 151 8,078 1,727 255 8,248 4,055 '1:293:212 20,143 276,028 575,242 10,308,949 532,248 3,130,607 13,295 199,231 11,607 239 361 13,817 .95,090 4i6 7,122 164,942 Helaased. for p u b l i c a t i o n Friday afternoon, Apr. 7, 19<:2; not e a r l i e r , St.2712c. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF' REPORTING MEMBER MNKS IN F, B. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES. (Amounts i n thousands of d o l l a r s ) F. R A l l F. R. Other New York City City of Chicago Branch c i t i e s Bank c i t i e s selected cities Mar. 29 Mar. 22 Mar. 29 Mar. 22 Mar. 29 Mar. 22 Mar. 29 M.d,r. 22 Mar. 29 Mar. 22 211 67 216 67 5.0 50 318 275 275 Number of r e p o r t i n g tanks 318 Loans and discounts, including b i l l s redis 1 d.with ¥ . R. Bank: 120,692 117,849 54,791 273,414 279,139 66,530 63,243 57,554 54,213 Secured by U. S. Govt, o b l i g . 55,388 2,228,021 2,245,466 1,236,102 1,239,066 456,866 312,032 426,431 303,439 428,926 453,558 Secured by stocks and bonds 2,156,491 2,178,040 679,285 669,400 4,658,648 4,677,912 1,388,382 1,387,522 1,292,901 1,298,210 A l l other loans and discounts , - Total loans arid discounts U, S. bonds TJ. S. Victory notes 3,510,442 3,537>798 1,037,515 l ,038,986 28,868 28,417 361,642 379,329 17,200 16 , 082 -2,523 3,539 U, S, C e r t i f i c a t e s of indebtedness 230,173 221,931 70,498 48,137 Other bonds, stocks and s e c u r i t i e s 533,536 U. S. Treasury notes Total loans u,nd discounts and investments, including b i l l s rsdiscounted with F. R. Bc*nk 535,419 4,718,817 4,743,370 7,160,083 7,202,517 575,426 35,144 21,394 24,037 293,857 4,824 7,379 174,701 84,666 176,425 554,333 32,389 295,016 115,694 1,127,625 1,123,042 1,908,470 1,907,631 1,773,545 1,782,524 222,767 . 232,874 230,470 231,033 14,989 16,989 12,331 13,715 54,228 51,920 39,374 32,375 30,131 32,684 15,811 590,970 586,369 373,799 1,271,549 1,277,059 9,276,801 9,322,991 2,821,555 2,828,467 2,445,893 2,453,251 534,737 118,551 132,549 947,330 913,065 197,654 193,697 77,122 75,617 4,223,976 4,182,516 29,513 27,926 151,467 148,639 54,350 52,871 878,356 347,842 344,688 311,474 Government d e p o s i t s 75,650 83,183 16,913 B i l l s payable with F. R. Bank: Secured by U. S. Govt, o b l i g a t i o n s A l l other 16,590 3,770 2,895 Reserve balance with F. R, Bank Cash in vault Net demand d e p o s i t s Time d e p o s i t s B i l l s rediscounted with F. R, Bank: Secured by U. S, Govt, o b l i g a t i o n s A l l other Ratio of b i l l s payable and rediscounts wit}? F, Rv BjJik to t o t a l loans and investments, par cent 552,345 - - 24,003 370,194 909,631 7,205,907 7,204,981 316,783 1,456,388 1,465,996 19,580 147,737 165,780 1,035 - 48,754 — 39,669 - 148,228 70,211 1,478,327 69,738 1,498,978 710,928 707,846 33,032 959,079 37,126 18,^62 21,208 22,688 239 20,506 241 23,648 177 21,495 1,357 42,540 1,624,715 1,633,705 963,291 1,046 4,893 274 16,202 16,525 6,937 5,054 87,303 5,200 88,322 785 33,052 925 31,206 1,283 44,587 .5 .4 .2 ,6 1.5 1.4 2.0 1.9 2.8 300 300 149,984 123 2.7
@FedFRASER