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| 1 14 • - J < : STATEMENT FOR THE PRESS Released for publication Monday morning, Angust l6; not e a r l i e r I r J , t |4 St*1362 Federal Reserve Board August l4, 1920. CONDITION OF MEMBER BAMS • IN HEADING CITIES • Continued liquidation of United States s e c u r i t i e s , largely Treasury certif i c a t e s , also of loans supported by Government and corporate securities, accompanied by substantial reductions in Government and. other demand deposits, is indicated in the Federal Reserve Board's weekly statement of condition on August 6 of Si5 member banks in leading c i t i e s . As against an increase of about 7 millions in the holdings of Liberty bonds the banks report reductions of 9 .1 millions in Victory notes and of 32*8 millions in Treasury c e r t i f i c a t e s . For the member banks in New York City an increase of 4.9 millions in the holdings of Liberty bonds i s accompanied by reductions of 7•? millions in Victory notes and of 19*4 millions in Treasury c e r t i f i c a t e s , Loans secured, by United States war obligations show a decline of 8»9 millions for all." reporting banks and of 3 -6 millions for the New York City banks, Total loans secured by s'cocks and bonds f e l l off 49 -3 millions, tne New x ork City members alone reporting a decrease under this head of 3^*2 millions, As against these reductions other loans and investments, comprising largely commercial loans and discounts, show an increase of 20-7 millions for a l l reporting banks and l6«5 millions for the New York City banks, Total loans and investments, accordingly, show a decrease of about 72 millions, of which 45 <5 millions represent the ag- gregate decrease for the New York City i n s t i t u t i o n s . Government deposits show a net reduction for the week of 4 l , 2 millions (23"7 millions in New York City), other demand deposits (net) a reduction of 87«1 millions (6l .4 millions in New York City),, while time deposits show a gain of 15 *7 millions, though a simultaneous decline of 1.4 millions for the New 1 ork City banks. Accommodation of reporting banks at the Federal Reserve Banks, as shown on the books of the l a t t e r , increased from about 1,973 to 2,021.6 millions, or from 11.1 to about 12 par cent of the reporting banks' t o t a l loans and investments. Accomodation of the New York City banks a t the local Federal Reserve Bank shows an increase from 683.8 to 722.4 millions, or from 12.1 to 12.9 per cent of the banks' aggregate loans and investments. Reserve balances ( a l l with trie Federal Reserve Banks) show an increase of 6.1 millions for a l l reporting hanks ana a somewhat larger increase (by 8,9 millions) for the New York City members. lions in New York City). Cash in vault increased by $.4 millions (2>3 p i l - Released f o r p u b l i c a t i o n Monday morning, August 16, 1920; not e a r l i e r . PRINCIPAL RESOURCE AM) LIABILITY ITEMS OF REPORT IMG MEMBER BANKS IN LEADING CITIES (Amounts i n thousands of d o l l a r s ) Aug. 6, 1920 July 30, 1920 Number of r e p o r t i n g banks 814 815 st.1362a. Feb. 6, 1920 804 Aug. g, 1919 770 U. S. bonds to secure c i r c u l a t i o n 268,423 268,368 269,263 270,231 Other U. S. bonds including Liberty bonds 614,681 607,595 597,942 641,315 __ 184,032 153,118 212,317 328,671 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 401,225 433,95 s 731,068 1,160,302 1,468,361 1,503,039 1,610,590 2,400,519 Loans and investments, including b i l l s rediscounted with F, R. Bank: Loans secured by U. S. war obligations - _ _ _ _ _ _ _ Loans secured by stocks and bonds other than U. S. s e c u r i t i e s - - All other loans and investments 973,159 3,011,063 11,361,264 981,972 3,060,319 11,340,499 1,191,349 (a)l,326,286 3,301,979 ) 10,304,224 ) (a)11,040,854 Total loans and investments, including b i l l s r e d i s counted with F. R. 16,813,847 16,885,829 16,608,142 1,374,806 1,368,659 1,417*159 1,353,345 36o;i79 354,749 347,218 351,220 11,300,927 11,388,036 11,477,835 10,744,722 2,705,852 2,494,912 1,882,694 74,146 115,287 205,16S 551,406 744,369 1,197 708,812 2,122 944,062 ) 5,699 ) 258,446 1,017,629 256,863 1,005,237 ^ * 8 12.9 13-1 l6•5 U. S. Victory notes - - — _ _ _ _ _ — U- S. C e r t i f i c a t e s of indebtedness Total U. S. s e c u r i t i e s _ _ _ _ _ _ _ _ _ _ _ _ _ - - - - - - - Reserve balance with F. R. Bank Cash i n v a u l t Net demand d e p o s i t s _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Time deposits - 2,721,624 Government deposits B i l l s payable w i t h Federal Reserve Bank: Secured by U. S. war obligations - - - - - - - - - - - - - - - - - - - All other B i l l s re discounted Secured by U. S, All other Ratio of U. S. war ments, including with Federal Reserve Bank: war obligations _ _ _ _ _ _ _ _ s e c u r i t i e s and war loan paper to t o t a l loans and i n v e s t rediscounts with F. R- Bank, per cent - . ' 15,106,469 1,088,510 ' ( a l E x c l S i ^ o f re. discounts with F . R. Banks. E e l XXcim Federal Reserve D i s t r i c t Number r e p o r t i n g "banks U. S. "bonds t o secure c i r c u - lation Other U. S. "bonds including Liberty "bonds U. S. Victory notes U. S. C e r t i f i c a t e s of indebtedness Total u. S. s e c u r i t i e s Loans and investments including b i l l s reddscounted with F . B. Bank: Boston Mew Yo: 46 114 Phila. 56 IN EACH FEDERAL EESEBVE DISTRICT AT CLOSE OF B — ^ ' s . ^ O . (Amounts i n thousands of d o l l a r s ? Clevel. Richm- Atlanta Chicago St.Louis Minn Kans.Cy., Dallas San Fran. Total 92 35 35 83 50 68 815 11,347 42,095 28,483 14,310 21,549 16,924 7,318 15,396 19,573 32,535 268,423 15»l48 6,084 259,89 75,02 29,498 9,011 59,595 33,672 28,470 19,486 7,759 4,400 56,607 13,110 2,649 9,801 23,812 21,441 882 4,504 3,321 63,628 11,928 6l4,681 184,032 19,778 53,321 211,87 593,37 23,971 73,827 5,315 9,980 53,692 49,650 26,479 134,570 401,225 1,468,361 80,845 657,713 69,446 Cash i n v a u l t 23,876 119,007 15,779 Net demand deposits 824,478 5,096,475 683,699 Time deposits 140,421 429,595 33,514 107 46,581 Reserve balance w i t h F.B.Bank Sec. by U.S.war obligations All other B i l l s rediscounted with F . R. Bank: Sec. by U.S.war obligations All other 47 12,311 20,995 11,514 142,171 81,428 75.294 472,975 89,444 51,593 329,823 Loans sec.by stocks & "bonds 183,663 1,246,203 201,647 952,989 All other loans&investments 791,627 4.021.071 580-,.620 Total loans & investments including rediscounts ,080,204 6,333,624 945,538 1,500,277 w i t h F. R- Bank Government deposi t s 82 54,261 5,126 2,730 171,404 37,809 20,731 9,995 101,418 33,593 16,760 25,873 80,198 39,237 458,343 126,642 30,918 107,318' 60,560 393,321 417,193 1.765.365 412.336 284,154 512,983 254,137 32,050 28,966 35,198 973,159 146,511 3,011,063 975,468 11,361,264 614,117 563,102 2,496,530 610,380 352,563 672,746 353,019 1 ,291,747 16,813,847 100,846 37,712 32,729 9,203 56,383 38,987 16,505 32,181 13,167 187,994 38,455 20,923 44,338 24,476 79,877 1,374,806 9,52s 14,246 11,982 27,685 360,179 66,097 9,578 914,096 343,554 263,330 1,388,310 318,020 $10,097 408,675 223,014 627,179 11,300,927 63,846 96,940 54,245 521,521 2,721,624 3,020 235- 4,510 74,146 30,447 17,5§3 180 85 24,965 360 744,369 1,197 1,794 23,575 4,276 258,446 65,120 1,017,629 365,892 112,770 150,859 4,011 442 4,247 43,704 4,769 24,946 368,783 56,376 25,935 36,540 33,308 36 536 18,504 37,781 133,974 44,263 282,754 32,563 io,i46 4,264 7,134 49,431 38,164 60,990 1,039 627,257 124,764 1,750 157 98,995 21,689 4,862 6,262 15,335 9,321 2,623 242,511 74,737 48,784 6,212 61,219 .Released f o r publication Monday morning, August l6, 1920; not e a r l i e r . S t . 1362c. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND ALL OTHER REPORTING BANKS(Amounts i n thousands of dollars) All F. R. . 3f. R. All other New York City City of Chicago Bank c i t i e s Branch c i t i e s reporting banks Aug. 6 July 30 Aug. 6 July 30 Aug. 6 July 30 Aug. 6 July 30 Aug. 6 July 30 Ifumber of reporting banks . 72 72 50 50 279 278 198 198 338 338 U. S. bonds to secure circulation 36,886 36,961 1,438 1,438 96,677 96,752 71,194 71,194 100,552 100,422 Other U. S. bonds, including Liberty bonds226j849 221,852 20,984 21,254 348,715 342,734 144,057 142,875 121,909 121,986 U. s . Victory notes 65,686 73,381 11,642 12,355 94,522 103,248 51,505 51,356 38,005 38,514 U. S. C e r t i f i c a t e s of indebtedness 193,101 212,480 22,510 23,728 @79,394 305,196 75,184 80,970 46,647 47,792 308,714 Total u. S. s e c u r i t i e s 522,522 544,674 56,574 58,775 819,308 847,930 341,940 346,395 307,113 Loans and investments including b i l l s rediscounted with F. R- Bank: Loans secured by U.S.war obligations 442,224 445,829 65,8% 66,l44 733,150 740,544 139,200 141,781 100,805 99,647 Loans secured by stocks and bonds 1,094,253 1,130,519 342,036 346,209 2,111,238 2,159,564 480,694 481,852 419,131 418,903 All other loans and investments 3,548,801 3,532,276 1,053,954 1,055,641 7,273,032 7,252,861 2,202,643 2,199,577 1,885,589 l,888,06l Total loans and investments including rediscounts with F. R. Bank 5,607,800 5,653,298 1,518,430 1,526,769 10,936,728 11,000,899 3,164,477 3,169,605 2,712,642 2,715,385 Reserve balance with F. R. Bank 61^,224 606,317 133,079 Cash i n vault 10k,913 102,579 36,963 4,603,319 4,664,731 Net demand deposits Time deposits Government deposits B i l l s payable with Secured by U. S. All other B i l l s rediscounted Secured by U. S. All other F. R. BArik: war obligations with F. R. Bank: war obligations 1,011,220 205,886 199,244 158,768 158,195 36,256 204,998 201,150 70,718 71,106 84,463 82,493 957,209 972,089 7,933,480 8,006,287 1,728,622 1,740,097 1,638,825 1,641,652 300,362 301,766 283,811 282,679 1,225,262 1,224,573 893,442 881,243 602,920 600,036 41,896 65,624 4,119 6,435 63,271 98,633 6,493 9,786 4,382 6,868 331,149 300,999 33,628 36,687 502,32s 150 472,973 150 147,895 445 143,234 996 94,146 602 92,605 976 128,915 262,421 120,890 261,925 7,975 171,327 8,684 174,325 217,675 719,464 213,899 715,474 26,785 156,103 29,162 146,393 13,586 142,062 13,802 143,370 13.3 13.6 13.0 13.2 11.3 11-3 Ratio of U, S. war s e c u r i t i e s and war loan paper to t o t a l loans and investments, i n cluding rediscounts with F-R.Bk-,per cent 16-5 135,921 1,010,152 16.9 8.0 8.1
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