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STATEMENT FOB THE PRESS Released f o r p u b l i c a t i o n S a t u r d a y m o r n i n g , Aug, 1 1 ; not e a r l i e r Federal Reserve oar Au S a s t 9 , 1923. A CONDITION OF MEMBER BANKS IN LEADING CITIES An i n c r e a s e of $ 2 4 , 0 0 0 , 0 0 0 i n l o a n s and. d i s c o u n t s , o f f s e t i n p a r t b y a d e c r e a s e of $ 1 8 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , t o g e t h e r w i t h i n c r e a s e s of $ 2 , 0 0 0 , 0 0 0 i n n e t deman d e p o s i t s , of $ 8 , 0 0 0 , 0 0 0 i n t i m e d e p o s i t s and of $ 4 4 , 0 0 0 , 0 0 0 i n accommodation a t t h e F e d e r a l r e s e r v e b a n k s i s shown i n t h e F e d e r a l R e s e r v e B o a r d ' s w e e k l y 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 ori August 1 o f 771 metiber b a n k s i n l e a d i n g c i t i e s . Loans and d i s c o u n t s s e c u r e d b y U. S, Government o b l i g a t i o n s show o n l y a n o m i n a l c h a n g e , ' w h i l e l o a n s s e c u r e d by c o r p o r a t e o b l i g a t i o n s show a d e c r e a s e of $ 3 0 , 0 0 0 , 0 0 0 , and o t h e r , l a r g e l y c o m m e r c i a l , l o a n s and d i s c o u n t s - an i n c r e a s e of §5 ' 9 ^ > n " n n E b l d i n g s of Government s e c u r i t i e s d e c l i n e d by $ 6 , 0 0 0 , 0 0 0 , a n i n c r e a s e o f $ 8 , 0 0 0 , 0 0 0 i n U. S . bonds h e l d b e i n g more t h a n o f f s e t b y r e d u c t i o n s of $ 1 1 , 0 0 0 , 0 0 0 and r L ^ $ i 9 ! = = ™ v ^ and $ 8 , 0 0 0 * 0 0 0 b y c o r p o r a t e s e c u r i t i e s . Net demand and Government d e p o s i t s show p r a c t i c a l l y no change s i n c e t h e p r e v i o u s week, w h i l e t i m e d e p o s i t s i n c r e a s e d b y $ 8 , 0 0 0 , 0 0 0 , of w h i c h $ 5 , 0 0 0 , 0 0 0 i s r e p o r t e d b y b a n k s i n New York C i t y . R e s e r v e b a l a n c e s of a l l r e p o r t i n g i n s t i t u t i o n s i n c r e a s e d $ 4 o , 0 0 0 , 0 0 0 , a l a r g e r i n c r e a s e of $ 5 9 , 0 0 0 , 0 0 0 f o r b a n k s i n New York City, b e i n g p a r t l y o f f s e t b y a n e t r e d u c t i o n f o r b a n k s o u t s i d e o f New York C i t y . Cash i n v a u l t d e c l i n e d by $ 1 1 , 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 , of w h i c h $ 3 , 0 0 0 , 0 0 0 i s shown f o r t h e New York C i t y members. Borrowings of a l l r e p o r t i n g banks from the Federal r e s e r v e banks i n c r e a s e d from $ 4 7 2 , 0 0 0 , 0 0 0 t o $516 , 0 0 0 , 0 0 0 o r f r o m 2 . 9 t o 3 . 2 p e r c e n t of t h e i r t o t a l l o a n s and. i n v e s t m e n t s . F o r member b a n k s i n New York C i t y a n i n c r e a s e f r o m $ 1 0 2 , 0 0 0 , 0 0 0 0 $144,000,000 i n borrowings from the l o c a l r e s e r v e bank or from 2 to 2 . 8 p e r cent i n t h e r a t i o of t h e s e b o r r o w i n g s t o t h e i r combined l o a n s and i n v e s t m e n t s i s n o t e d . F o l l o w i n g i s a s t a t e m e n t of c h a n g e s 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 m s n b e r b a n k s , a s compared w i t h a wesjj. and a y e a r a g o . Increase or Decrease I n m i l l i o n s of d o l l a r s si n e e J u l y 2 5 . 1923 Aug. 2 . 1922 +24 Loans and d i s c o u n t s - t o t a l S e c u r e d b y U. S. G o v t , o b l i g a t i o n s S e c u r e d b y s t o c k s and b o n d s All other , . Investments, t o t a l . U. S. b o n d s . Treasury notas . . . . . . . Treasury c e r t i f i c a t e s . . . O t h e r s t o c k s and b o n d s . . . R e s e r v e 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 T o t a l accommodation a t F, R. Banks W, . * . . . . . . -30 +54 +935 -26 +206 +755 -18 +8 -11 - 3 -12 + 5s +4o -11 - 8 +1 + l +2 +8 -50 -54 +13&6 +44 +399 +111 +210 -l4i -122 j\c Leased, f o r p u b l i c a t i o n Satnr.day m o r n i n g , August 1 1 , 1923; n o t e a r l i e r . S t . 3637a PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES ( I n t h o u s a n d s of d o l l a r s ) Aug. 1 , 1923 Number of r e p o r t i n g b a n k s - - - - - - - - - - - - - - - - - - - 771 L o a n s and d i s c o u n t s . , g r o s s : * Sec.ua:-35 "by IJ. S. Govt, o b l i g a t i o n s - - - - - - - - - - - - - - Secured, by s t o c k s and botido ( 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 ——— — - — — — — — — — — — — — — - U, S. L i b e r t y bonds - - - - - - - - - - - - - - - U. S. T r e a s u r y n o t e 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 - - - - - 772 231,407 J a n . 3 1 , 1923 750 Aug. 2 , 192 792 257,257 3,505,222 230,246 3»711•302 7>797>152 3,741,557 7,742,762 276,332 3,723,152 7,440,434 7,041,733 11,739,200 11,715,726 11,439;995 10,204,275 1,063,474 900,756 277,773 220,654) 1,054,697 1,069,375) 91,537 130,631) 1,321,115 912,057 *952,3^1 *690,592 106,557 193,617 245,299 - - - - - - - 2,173,133 2,155,025 2,221,957 2,294,232 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 - - - - - - - - - - - - 16,349,941 16,344,032 16,235,606 15,356,416 1,395,525 1,355,302 1,444,013 l,4o4,o66 271,535 222,945 274,952 270,469 11,079,524 11,077,270 11,536,955 11,134,075 3,972,103 3,964,432 3,725,502 3,506,542 147,o4o 145,920 149,336 196,722 277,942 255,449 216,659 257,301 92,093 51,532 65,073 3.2 2.9 2,3 .2 Government d e p o s i t s - - - - - - - - - - - - - — J u l y 2 5 , 1923 — - - - - - - - - - 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 B a n k s : Secured b y U, S. Govt, o b l i g a t i o n s — — — — — — — — — — — — — — — — 237,251 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 c t o t a l loansand. i n v e s t m e n t s , p e r c e n t . - - - - - - - - - - - w. •Includes Victory notes R e l e a s e d f o r publicationSe^.ertlmy • ULcming,, August ljf, 19^3/ n o t e a r l i e r . ct. 3^j7b PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS AUGUST 1, 19 2 ] . ( I n t h o u s a n d s of d o l l a r s ) C l e v e . E i c h , A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy D a l l a s San F r a n . B o s t o n New York P h i l a . Total F e d e r a l Reserve D i s t r i c t 82 28 66 106 36 ill 55 Number of r e p o r t i n g banks 76 52 43 77 39 771 Loans and d i s c o u n t s , g r o s s : Secured by U . S . G o v t , o b l i g - 1 2 , 5 0 8 7%,935 13,251 Secured by s t o c k s and bonds2J6,959 1,554,810 257,9^2 All o t h e r l o a n s & d i s c o u n t s b 2 6 , 8 6 0 2,474, 282 356,157 Tot&l & dieecurite 276,357 U* S* P r e - w a r bonds 12,541 U« S» L i b e r t y bonds 79,488 U. S 4 T r e a s u r y bonds 5,066 U. S, T r e a s u r y n o t e s 28,625 U. S, C e r t i f i c a t e s . o f Indebtedness 3,079 Other bonds, s t o c k s and securities 168,819 29,377 9,199 7,893 3 4 , 4 7 3 11,611 4,474 6,779 398,466 119,351 62,106 583,830 137,112 4 2 , 7 2 5 79,882 699,339 328,139 329,806 1,136,698 308,430 184,833 359,871 4 , 1 0 8 , 0 3 3 632,970 l ; ,127,182 456,689 399,805 1 , 7 5 5 , 0 0 1 457,153 232,032 446,532 4 8 , 0 5 2 30,335 14,343 48,180 10,998 8,961 11,416 2 4 , 6 4 5 15,335 473,420 44,463 116,675 3 1 , 9 7 8 14,345 9 7 , 8 3 0 23,156 12,198 52,558 29,230 3,613 12,260 9,177 1 , 2 1 5 4,073 5,563 1,93S 4,839 56,361 11,412 6,271 1 2 7 , 1 5 1 2 1 , 7 4 5 28,729 22,101 492,087 54,095 6,028 7,310 2,314 7,007 21,250 6,120 2,546 736,768 184,406 302,092 52,472 40,716 354,311 85,853 29,002 23,544 4,002 12,744 230,846 3,991 14,565 103,736 59,606 10,350 148,738 2,173,133 5,982 50,470 196,906 251,378 20,711 14,251 2,197 13,H5 188,093 795,831 996,668 31,123 103,112 13,201 3,711,802 7/797,152 11,739 , 800 276,640 1,063,474 92,372 900,786 39,094 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 1 , 1 7 3 , 9 7 5 5,911,262 936,573 1 , 6 6 3 , 2 3 5 589,273 484,425 2 , 3 9 2 , 4 4 8 618,539 314,683 603,034 315,993 1,346,501 16,349,941 Reserve b a l a n c e w i t h F+R.Bk. 83,580 Cash in v a u l t 18,917 Net demand d e p o s i t s Time d e p o s i t s 647,406 69,492 75,280 14,764 809,490 4,640,118 686,840 266,130 895,435 104,602 110,658 33,987 31,700 3 1 , 0 1 7 12,722 10,051 198,814 39,591 19,051 47,813 2 1 , 1 1 6 6,251 12,397 53,682 7,484 8,704 92,617 1,395,825 20,536 271,835 935^140 328^276 267,775 1 , 4 9 0 , 6 1 2 343,440 192,514 4 4 3 , 6 3 3 205,480 736,206 11,079,524 581,476 152,157 178,518 782, 209 190,309 86,559 128,418 74,930 531,360 3 , 9 7 2 , 1 0 3 21,888 42,799 13,384 8,490 6,100 6,932 19,175 5,228 3,436 1,873 3,911 13,824 147,040 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, BankSecured by U.S.Govt, oblige 3 , 4 6 2 All other 19,448 125,274 51,034 20,746 18,812 21,650 19,783 2,829 14,023 26,663 20,228 9,569 18,703 3,480 5,676 8,831 17,426 10,106 4,112 24,543 27,782 277,942 237,851 Government d e p o s i t s 18,948 15,665 C. % R e l e a s e d f o r p u b l i cat-ion S a t u r d a y m o r n i n g , August 11, 1923; n o t e a r l i e r , 5637 c. PFJ1TCIFAL BE SOURCE AM) LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R, BANK AND IANCH CITIES AND IN OTHER SELECTED CITIES _ _ ( I n t h o u s a n d s of d o l l a r s ) A l l F, R. Other New York Ci 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 Aug* 1 J u l y 25 Aug. 1 J u l y 25 Aug. 1 J u l y 25 Aug. 1 J u l y 25 Aug. 1 July 25 Number of r e p o r t i n g "banks 66 66 49 49 255 255 205 206 305 30s Loans and d i s c o u n t s , g r o s s : Secured b y U. S, Govt, o b l i g . Secured b y s t o c k s and bonds 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 70,226 69,53s 1,378,013 1,393,171 26,211 435,385 667,105 27,555 437 ,250 659,444 151,170 2,640,299 4,510,030 2,672,003 3,607,123 3,593,167 1,125,701 1,124,582 7,601,499 7,535,056 2,155,884 2,130,458 151,963 4,761,090 4i,46l 583,142 41,759 583,9H 1,611,969 1,604,772 2,236,572 2,230,442 35,215 37,685 455,361 455,643 1,375,153 1,376,900 1,901,729 1,900,228 U, S, P r e - w a r bonds 37,429 37,429 4,049 4,025 95,657 95,587 76,059 76,983 104,294 105,203 U, S. L i b e r t y bonds 407,149 407,547 32,163 37,924 642,172 637,366 . 251,007 20,011 5,212 4,737 45,010 47,839 23,763 166,767 20,760 166,324 20,239 254,535 23,602 457,549 467,064 65,989 69,501 662,725 673,918 145,055 145,125 89,973 93>014 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 20,790 21,227 6,788 6,344 49,929 50,132 36,049 36,659 17,758 20,036 Other b o n d s , s t o c k s , and s e c u r i t i e s 531,996 540,124 175,808 177,649 1,157,478 1,167,567 590,616 592,160 425,039 425,05s U» S, T r e a s u r y bonds U, S. T r e a s u r y n o t e s T o t a l l o a n s and d i s c o u n t s and investments 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 and r e d i s c o u n t s w i t h F, R. Bank: Secured by U, S, Govt, o b l i g . All o t h e r E a t i e 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 vvi th F, R, Bank t o t o t a l l o a n s and investments, per cent W. for FRASER Digitized 20,235 5,052,047 5 , 0 8 6 , 7 9 7 1,427,710 1,424,762 :10,257,473 10,257,765 3,365,545 3 , 3 5 6 , 1 6 9 2,726,920 2 , 7 3 0 , 0 9 S 602,277 543,181 135,293 137,563 1,001,90s 959,008 233,920 234,226 162,668 159,997 61,545 64,642 28,517 29,419 135,64s 141,302 55,672 60,749 80,894 77,515 4,154,545 4,153,730 995,706 993,046 7 , 5 2 1 , 3 3 3 7 , 5 1 8 , 8 8 0 1 , 9 1 9 , 0 4 1 1 , 9 1 9 , 5 5 2 1 , 6 3 9 , 1 5 0 1 , 6 3 9 , 4 3 8 617,579 613,049 367,785 369,333 1 , 9 4 5 , 4 5 6 1 , 9 4 3 , 1 8 2 1 , 1 7 5 , 1 0 1 1,165,360 54s,546 552,590 39,634 39,634 5,010 5,015 97,108 96,118 35,144 35,012 14,788 14,790 103,571 79,046 23,394 6,197 10,598 4,4oi 13,083 165,520 150,121 147,476 130,787 72,325 43,372 64,915 44,175 4o,034 43,055 40,577 2.8 2,0 1,2 1,2 3.1 2.7 3.4 3.3 44,355 3.1 41,727 3.1
@FedFRASER