The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Released f o r p u b l i c a t i o n , Friday afternoon, Aug, 4 j not e a r l i e r , STATEMENT FOR THE PRESS St.2941, Federal Reserve Board, August 3« 1922. CONDITION OF MEMBER BANKS IN LEADING CITIES. Continued loan l i q u i d a t i o n , aggregating $67,000,000, as against a f u r t h e r increase of $59,000,000 of investments, largely i n corporate s e c u r i t i e s , accompanied by s u b s t a n t i a l reductions i n demand deposits, reserve balances and borrowings from the Federal reserve banks, i s indicated i n the Federal Reserve Board's weekly statement of condition on July 26 of 79^ member banks in leading c i t i e s * Loans and discounts of member banks i n New York City show a reduction of $78,000,000, of which $61,000,000 represents the reduction of loans secured by corporate o b l i gations and $17,000,000 - the reduction of other loans and discounts, largely loans of a commercial character. Investments of the reporting banks i n U. S. bonds show an increase f o r the week of $20,000,000, while holdings of other Government s e c u r i t i e s declined by $2,000,000. For member banks in New York City an increase of $7,000,000 in U, S» bonds and of $3,000,000 i n other Government s e c u r i t i e s i s noted. As against the s u b s t a n t i a l l i q u i d a t i o n of loans secured by corporate s e c u r i t i e s , bank investments in these s e c u r i t i e s show an increase of $41,000,000, the greater p a r t outside of New York City. Total loans and investments of the reporting i n s t i t u t i o n s declined by $8,000,000 and those of the New York banks- by $54,000,000. As against a nominal decline in Government deposits and a reduction of $58,000,000 i n other demand deposits ($56,000,000 in New York City) time deposits show a f u r t h e r gain of $28,000,000 ($19,000,000 in New York City). Borrowings of the reporting i n s t i t u t i o n s from the Federal reserve banks show, a reduction f o r the week from $158,000,000 to $98,000,000, or from 1 to 0.6 per cent of t h e i r combined loans and investments. For the New York City banks a reduction from $72,000,000 to $10,000,000 in borrowings from the local reserve bank and from 1.4 to 0.2 per cent in the r a t i o of these borrowings to t o t a l loans and investments i s noted. Reserve balances of the reporting i n s t i t u t i o n s show a decline f o r the week of $46,000,000, while cash i n vault f e l l off $8,000,000. Member banks in New York City r e p o r t a decrease of $24,000,000 in reserve balances and a nominal i n crease in cash on hand. Following i s a statement of changes i n the p r i n c i p a l asset and l i a b i l i t y items, as compared with a week and,a year ago: Loans and discounts - t o t a l Secured by U. 5. Government obligations Secured by stocks and bonds All other Increase or Decrease In m i l l i o n s of dollars since July 19, 1922 July 27, 1921. Dec, 67 Dec. 920 Dec. 2 Dec. 377 Dec, 59 484 Inc. Dec, 6 Dec. 1,027 Investments, t o t a l U. S. bonds Victory notes U, S. Treasury notes Treasury c e r t i f i c a t e s Other stocks and bonds Dec. Inc. Inc. Reserve balances with F. R. Banks Cash in vault Inc. Inc. 12 10 4l Inc. Inc. Dec. Inc. Inc. Inc. 1,220 439 122 462 158 283 Dec. Dec. 46 8 Inc. Dec. 149 4i Government deposits Net demand deposits Time deposits Dec. Dec. Inc. 1 58 28 Inc. Inc. Inc. 4 i,o4i 610 Total accommodation a t F, R. Banks Dec. 60 Dec. 1,015 — 59 20 — Released, f o r p u b l i c a t i o n Friday afternoon, Aug. 4, 1922; not e a r l i e r . St.2941a. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES. — (.Amounts in thousands of d o l l a r s ) „ t July 26, 1922 July 19, 1$22 Jan. 25. 1922 July 27, 1921 Number of r e p o r t i n g banks 7^5 gQ4 814 loans and discounts, including b i l l s rediscounted with F. R. Bank: Secured by U. S * Govt. obligations — — — — 260, 7 69 262,671 450,892 637,550 Secured by stocks and bonds (other than U. S. s e c u r i t i e s ) 3,4-59,763 3,519'263 3,074*170 2,975,522 All other loans and discounts 7,019,740 7.025.595 7.393.46? 8,046.975 10,740,272 10,807,529 10,918,529 . Total loans and discounts 11,660,047 0. S. bonds - - 1,305,789. 1,286,484 997,133 866,979 43,401 42,981 188,076 531,674 246,536 2.282.214 120,430 197,613 2.111.963 165,594 58,361 _ _ _ _ _ _ _ 519,997 256,910 2.322.585 98,765 2.038.963 Total loans & discounts & i n v e s t . , i n c l u d i n g b i l l s r e d i s ' d . with F.R.Bk. 15,188,954 15,197,418 14,533,744 14,888,709 1,386,457 1,432,051 1,250,355 1,237,555 274,824 U,043,393 283,54$ 11,101,473 278,480 10,270,792 315,554 10,002,061 3,515,379 99,287 3,487,015 100,245 3,021,337 168,462 2,905,293 95,460 96,049 182 170,651 's37 289,459 619 1,030 60 J 3 9 16,215 221 ,'590 35,390 737,047 2.8 7*5 U. S. Victory notes U. S. Treasury notes 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 - Reserve balance with F. R. Bank Cash in vault Net demand deposits Time deposits Government deposits B i l l s payable with Federal Reserve Bank: Secured by U. S. Govt, obligations All other B i l l s rediscounted with Federal Reserve Bank: Secured by U. S. Govt, obligations _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ All other Ratio of b i l l s payable and rediscounts with F. E. Bank to t o t a l loans and investments, per cent - - - - _ _ _ _ _ _ _ _ 34,414 1,177 1,271 60,970 .6 , 1.0 Released f o r p u b l i c a t i o n Friday afternoon, Aug. 4, 1922; not e a r l i e r . =t p Q h 1 h PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING- MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS JULY 26* I922! —— —— (Amounts in thousands of dollars) ' Loans and discounts, including b i l l s rediscounted with F. R. Bank:: V " Ne loY5ort I s " " S " A t l T c T : 1oT s t i r s T ^ : : snsiiriH" iiiiiJiS i l III ^1B i S, IS Total loans and discounts U. S. bonds U. S. Victory notes 791,571 3,876, 7 s6 557,503 90,425 540,4$! 54,869 1,971 11,757 9,608 i l 1:1 J-l gg 3.g 997.813 426,063 353,852 1,564,012 412,721 233,064 428,666 233,949 149,209 57,023 25,890 123,413 31,795 25,681 56,356 34,563 1,976 654 1,651 4,814 1,962 1,181 190 556 26,158 3,901 1,669 50,984 5,762 7,257 7,012 5,098 563,942 10,740,272 116,114 7,081 1,305,789 43,401 U. S. Treasury notes 19,871 358,475 19,293 14,517 519,997 U. S. C e r t i f i c a t e s of indebtedness 6,303 125,703 8,905 10,147 2,968 7', 542 30,291 11,634 7,243 17,884 22,580 5,710 256,910 Other bonds,stocks t & s e c u r i t i e s 169,211 848.734 189.097 285,901 55,797 33,897 400.967 82,270 23,798 59,204 7,241 166,468 2,322.585 Total loans and discounts and investments, including b i l l s rediscounted with F . S J k . 1,079,352 5,761,906 839,575 1,471,204 546,406 424,531 2,174,481 546,144 297,233 568,389 289,031 1,190,702 15,188,954 Reserve balance with F. B. Bank 85,435 669,639 65,121 102,597 33,566 28,445 192,086 36,036 19,036 47,280 22,620 84,593 1,356,457 Cash in vault tot demand deposits 18,217 87,537 14,154 795,522 4,911,693 677,264 27,005 13,810 9,361 51,428 6,400 5,958 11,863 8,845 559,807 334,715 244,202 1,440,402 313,315 156,478 444,067 204,553 20,156 274,524 628,375 11,043,393 Time deposits Government deposits B i l l s payable with F.R.Bank: 228,82o 9,075 493,561 145,144 151,976 9,873 3,050 3,034 65,186 2,559 549,529 6,105 3,515,379 99,257 300 6,525 34,414 177 1 9177 m U o t e ? y °'S-Govt-obn6- 759,423 33,566 51,843 7,675 ' 6 42 9,043 - - 2 14: B i l l s rediscounted. with F,R,Bank: Secured by U.S.Govt.oblig. 345 All + 1)1 A n other 14,024 . ° 7 9 042 ' « RR r rii 6 6 > 39 3,205 2,158 95 - , 4,495 682,359 163,573 77,611 116,048 11,331 3,722 3,414 3,579 2,996 1,000 inn 5,776 nx 3,985 1,291 188 22 - Cc 3,200 1,139 2,o44 2,160 3,627 4,839 60I970 Released f o r p u b l i c a t i o n Friday afternoon, Aug, 4, 1922; not e a r l i e r . 3i.2941c. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OTZZ? SELECTED CITIES (Amounts in thousands of d o l l a r s ) All F. R. Other F. R. New York City City of Chicago Bank c i t i e s Branch c i t i e s selected c i t i e s July 26 July 19 July 26 July 19 July 26 July 19 July 26 July 19 July 26 J u l y 19 Number of r e p o r t i n g banks 64 65 50 50 271 272 210 210 313 313 Loans and discounts, including b i l l s r e d i s ' d . with F. R. Bank: Secured by U. S. Govt, oblige 69,959 69,780 32,926 33,257 165,369 165,467 41,566 42,275 53,834 54,929 Secured by stocks and bonds 1,416,378 1,477,786 373,041 380,383 2,523,166 2,586,941 492,082 493,252 444,515 439,070 All other loans and discounts 1,927,253 1.944.082 645,751 639.121 4.393.968 4.397.628 1,365.337 1.361.114 1,260.435 1.266.853 Total loans and discounts 3,413,590 3,491,648 1,052,049 1,052,430 7,082,503 7,150,036 1,911,253 1,909,295 1,746,516 1,748,198 U. S. bonds 477,742 471,010 50,240 53,974 757,119 741,215 280,406 282,535 266,135 264,863 U. S. Victory notes 10,143 10,148 4,286 3,172 30,542 30,491 6,987 6,536 5,872 5,954 U. S. Treasury notes 32,424 345,277 338,815 38,918 428,781 433,749 56,819 63,364 34,561 34,397 U. S. C e r t i f i c a t e s of indebtedness 120,568 124,301 17,253 10,919 190,946 189,513 18,669 47,295 39,026 17,997 Other bonds, stocks, and s e c u r i t i e s 650.556 635.618 174.885 1,287.245 1.260.505 176.799 626,281 619,774 409.059 401,935 Total loans and discounts and investments, including b i l l s rediscounted with F. R. Bank 5,017,876 5,071,540 1,336,785 1,330,564 9,777,136 9,805,509 2,931,170 2,918,401 2,480,648 2,473,508 Ik serve balance with F. R. Bank 623,059 647,397 134,761 145,529 1,017,709 1,053,781 211,708 219,396 157,04o 158,874 Cash i n vault 74,749 74,340 28,680 27,834 147,103 149,425 55,o4o 55,097 72,681 79,027 Net demand deposits 4,414,272 4,470,275 981,590 983,039 7,697,750 7,767,340 1,775,318 1,764,762 1,570,325 1,569,371 Time deposits 579,825 560,705 322,781 320,648 1,749,570 1,726,364 1,014,050 1,011,617 751,759 749,034 ' Government deposits 31,336 31,336 7,867 7,892 72,052 71,797 8,232 19,25s 19,799 8,394 B i l l s payable with F. R. Bank: Secured by U. S. Gov't obligations 3,780 57,520 417 20,202 1,625 73,438 13,402 8,097 6,115 9,209 All other 182 1,000 177 B i l l s rediscounted with F. R. Bank: . Secured by U. S. Gov't obligations 46o 201 268 274 543 555 All bUier 14,021 5,948 1,241 2,025 35,208 29,790 10,525 13,364 15,237 17,185 Ratio of b i l l s payable and rediscounts with F. R. Bank to t o t a l loans and „ ipvestments, per cent .2 1.4 .2 .2 *6 1.1 .7 1.1 .9
@FedFRASER