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STATEf.fENT FOR THE PRESS St,1637Released for p u b l i c a t i o n F e d e r a l Be s e r v e Board Monday morning) Dec. 13; December 11, 1920, not e a r l i e r * CONDITION OF t#4BER BANKS IN LEADING CITIES F u r t h e r l i q u i d a t i o n of a l l c l a s s e s of l o a n s accompanied "by l a r g e r e d u c t i o n s in Government and o t h e r demand d e p o s i t s , and a c o n t i n u e d i n c r e a s e i n b o r r o w i n g s from t h e F e d e r a l R e s e r v e Banks are i n d i c a t e d in the Federal Reserve B o a r d ' s c o n s o l i d a t e d weekly s t a t e m e n t of c o n d i t i o n on December 3 of 823 member banks i n l e a d ing c i t i e s . H o l d i n g s of L i b e r t y bonds and V i c t o r y n o t e s show but n o m i n a l changes, w h i l e t h o s e of T r e a s u r y c e r t i f i c a t e s d e c l i n e d by 37 m i l l i o n s , t h e December 3 h o l d i n g s of 21G m i l l i o n s c o n s t i t u t i n g a low r e c o r d f o r t h e y e a r . Loans s u p p o r t e d by Government war s e c u r i t i e s d e c l i n e d by 5 m i l l i o n s , l o a n s s u p p o r t e d by c o r p o r a t e s e c u r i t i e s - - a l s o by 5 m i l l i o n s , w h i l e o t h e r l o a n s and i n v e s t m e n t s , composed l a r g e l y of commercial l o a n s and d i s c o u n t s , show a r e d u c t i o n f o r t h e week of ^6 m i l l i o n s . As a c o n s e q u e n c e , t o t a l l o a n s and i n v e s t m e n t s of r e p o r t i n g i n s t i t u t i o n s were 102 m i l l i o n s l e s s than t h e week b e f o r e • For t h e member banks i n New York C i t y i n c r e a s e s of 3 m i l l i o n s i n U. S. bonds and V i c t o r y n o t e s , of 2 m i l l i o n s i n l o a n s s e c u r e d by Government o b l i g a t i o n s and of 11 m i l l i o n s i n l o a n s s u p p o r t e d by c o r p o r a t e s e c u r i t i e s , a s a g a i n s t r e d u c t i o n s of 25 m i l l i o n s i n t h e h o l d i n g s of T r e a s u r y c e r t i f i c a t e s and of 24 m i l l i o n s i n o t h e r l o a n s and i n v e s t m e n t s , a r e shown, r e d u c i n g t h e t o t a l l o a n s and i n v e s t m e n t s of t h e s e banks by 33 m i l l i o n s , Accommodation of a l l r e p o r t i n g banks a t t h e F e d e r a l R e s e r v e Banks shows an i n c r e a s e f o r the week from 2 , 1 7 4 t o 2,210 m i l l i o n s , or from 13*0 t o 13 *3 p e r c e n t of t h e banks 1 t o t a l l o a n s and i n v e s t m e n t s » For the New York C i t y banks an i n c r e a s e of accomm o d a t i o n a t the " l o c a l R e s e r v e Bank from 803 t o 865 m i l l i o n s i s shown, r e s u l t i n g i n an i n c r e a s e of t h e r a t i o of accommodation from l U . 5 t o 15 • 7 p e r c e n t . Government d e p o s i t s show a r e d u c t i o n of 70 m i l l i o n s , o t h e r demand d e p o s i t s ( n e t ) d e c l i n e d by 55 m i l l i o n s , w h i l e time d e p o s i t s i n c r e a s e d by 11 m i l l i o n s . The New York C i t y banks r e p o r t d e c r e a s e s f o r a l l c l a s s e s of d e p o s i t s a s f o l l o w s * Government d e p o s i t s - 29 m i l l i o n s ; o t h e r demand d e p o s i t s - U3 m i l l i o n s , and time d e p o s i t s - 5 m i l l i o n s # In k e e p i n g w i t h the i n c r e a s e i n accommodation a t the F e d e r a l R e s e r v e Banks, r e s e r v e b a l a n c e s of t h e r e p o r t i n g i n s t i t u t i o n s went up 45 m i l l i o n s , the New York banks showing an i n c r e a s e i n t h i s item of 30 m i l l i o n s , Cash i n v a u l t shows a t o t a l r e d u c t i o n of 12 m i l l i o n s , n e a r l y h a l f of i t i n New York C i t y . St,lb37a R e l e a s e d f o r - p u b l i c a t i o n Monday m o r n i n g , December 13, 1920; n o t e a r l i e r . PRINCIPAL RESOURCE i l D LIABILITY ITEMS OF REPORTING ?1FMBER BANKS IN LEADING CITIES (Amounts i n t h o u s a n d s of d o l l a r s ) Nov. 2b, 1920 Dec. 3, 1920 824 823 :fcmber of r e p o r t i n g banks 2b9,425 614,453 604,044 631,374 19279 1Q4.C81 203,299 256,465 276,145 313,179 603,441 862,017 1,391,420 1,680,154 2,019,281 Other V. S. bonds i n c l u d i n g L i b e r t y Don Is 613,933 U. P. V i c t o r y n o t e s r T o t a l U. S't - s e c u r i t i e s 796 209,370 2og,101 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 Dec. 5, 1919 269,707 U. S. bonds to s e c u r e c i r c u l a t i o n 4 J u n e 4, 19 20 812 1,355,458' ' . Loans and i n v e s t m e 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 w i t n F.R. Zank: Loans s e c u r e d "by U. S. war o b l i g a t i o n s Loans s e c u r e d by s t o c k s and bonds o t n e r than 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 i n v e s t m e n t s 900,878 3,050,082 11.323,767 905,677 3.C54.7S9 11.380.12b 1,043,804 3,111,038 11.091,194 3,204,845 9.oOb.ll5 T o t a l l o a n s a n d i n v e s t m e n t s , i n c l u d i n g ; o i l l s r e d i s c o u n t e d w i t h F.R.Bank 16,630,185 16,732,012 16,926,190 16,178,518 l , 332,0-1 1,2f6,946 1,419,343 1,406,193 375,827 388,105 384,894 595,987 F e t demand d e p o s i t s 10,237,478 10,892,122 11,536,371 11,205,994 Time d e p o s i t s . 2,822,-479 2,811,123 2,667,977 2,270,678 17,503 87,799 52,5- 2 415,065 623,018 2,455 659,770 2,069 865,108 1,752 980,186 4,942 253,911 1,330,455 . 254,140 1,258,047 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 Government d e p o s i t s B i l l s p a y a b l e w i t h F e d e r a l R e s e r v e Bank: S e c u r e d by U. ° , war o b l i g a t i o n s A l l other P i l l s 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 Bank: ' Secured o y U . S. obligations All other R a t i o of U. S.war s e c u r i t i e s and war l o a n paoer to c o t a l l o a n s 'and i n v e s t m e n t s , i n c l u d i n g r e d i s c o u n t s with F e d e r a l Reserve"Bank, per cent 11.9 12.1 . . . 283,969 941,004 14.5 1,548,277 . 320,170. 419,428 19.1 ft :e l e a s e d f o r p u b l i c a t i o n Monday m o r n i n g D e c a n t e r 13, 1920; n o t e a r l i e r . St „ 1637bPRI1TCIPAL RESOURCE AND LIABILITY ITEIS OF ALL REP0RTI1TG MS1BER BAKES HTEAOI FEDERAL BF'SEBVE DISTRICT AT CLOSE OF BUSINESS DECEMBER 3, I92O. F e d e r a l Reserve D i s t r i c t ITumcer r e p o r t i n g "banks U, S , "bonds t o s e c u r e circulation Other U . S, "bends i n c l u d i n g ^ L i b e r t y "bonds IL S. V i c t o r y n o t e s JT--S. C e r t i f i c a t e s of indebtedness T o t a l U• S, s e c u r i t i e s Loans and i n v e s t m e n t s i n c l u d ing b i l l s r e d ! scorn ted with F . H. Bank: Loans s e c - b y U*S*war o b l i g ~ Loans s e c » b y s t o c k s & bonds All other l o a n s & i n v e s t m e n t s w Total loans & investments including rediscounts w i t h F . B, Bank Boston Hew York PhilaUS ll4 59 Clevel. 93 Richm. Atlanta 46 80 42,464 29,008 14, 630 21, 548 16,222 7,571 14,751 19,573 20,375 5,86$ 30,46o 9,637 61,873 33,916 20,158 6,775 27., 986 3,949 53,691 .36, 454 13,810 2, 723 9,942 1,030 23,206 5,388 22,650 3,174 6,771 53,336 47, 176 5,652 158, 869 36,407 1,683 20,216 6,828 50,173 5.431 50,828 14,975 53,826 252,879 85,999 127,310 15,452 512,917 66,896 *+7,03 7 427,243 74,205 193, 980 1,2S3,742 202,294 799.918 3.991.070 572.847 13,882 138,377 7,175 76,874 094,761 6,214,972 916,242 l,514,220 605,104 99,715 35,099 28, 246 Cash i n v a u l t 27,011 125,817 20,580 37,279 17,970 13,H3 775,521 4,836,695 675,626 Time d e p o s i t s > G-overnment d e p o s i t s 158,630 444,210 39,360 1,346 7,*6O4 1,151 Total 823 32, 648 269,101 63,145 ' 15,136 613,933 196,279 276.145 25,810 136 , 73 9 1,355,458 iX 557,449 2,439,458 580,848 363,924 666,124 3 55,900 1,321,183 16,630,185 67,211 Net demand d e p o s i t s San Fran68 34,091 900,878 100,359 32,034 16,461 30,199 10,318 69,051 28,994 30,886 148,036 3,050,082 79,000 38,510 34,514 439,652 128,045 328,906 111,460 61,943 977.886 3 87.776 4 l i . 284 1.740.578 384.362 292.733 506.752 256.244 1.002.3 17 11.323 . 767 635,798 Minn. Kans.Cy. Dallas S3 51 38 11,347 78,398 S e e . by U .S .war o b l i g a t i o n s All other St-Louis 35 12,blO • 46,729 R e s e r v e b a l a n c e v / i t h F.R.Bank B i l l s p a y a b l e w i t h !?-B.Bank: S e c . "by U . S . war o b l i g . " All other Chicago 108 939.869332,729 65,689 9,345 18,519 45,629 23,443 79,952 1,332,081 8,243 - 13,963 11,066 25, 811 375,887 240,275 1,301,712 303,560 192,796 394,868 "215,975 627,852 10,837,478 70,695 99,645 58,017 528,665 2,822,479 218 157 1,115 17,503 5,911 20,171 17,741 25 774 29,64c 315 623,018 2>55 3 89 ,"371 108,317 150,539 2,479 178,695 41,376 • 394 229 29,558 283,427 46,977 24,090 3 0 , 8 4 l 36 32,662 1,105 IS,018 77,137 131,154 37.370 519,855 28,460 4,085 7,925 42,2SO 39,817 10,662 71,71s 643,865 131,165 1,832 S98 79,243 22,747 . 200 17,oc4 255,651 8,795 60,158 280 2,685 57,902 8,394 72,055 2, 1D2 25,959 5,657 ' 253 , 911 79,463 •1,330,455 . I Released, f o r p u b l i c a t i o n Monday morning, December 13, 1920; not e a r l i e r St .1637c . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORT BIG T\IEMBER BANKS IF F. E. BAM AND BRANCH CITIES AND ALL OTHER REPORTING BAMS. —— (Amounts i n thousands of d o l l a r s ) All F - R . F- R« All other New York City City of Chicago Bank c i t i e s Branch c i t i e s r e p o r t i n g banks Dec „x v . - 3 Nov. 26 Dec. 3 Nov- 26 Dec. 3 Nov. 26 Dec. 3 Nov. 26 Dec. 3 Nov. 26 v mber of r s p o r t i n g banks 72 72 51 51 237 287 208 208 ' 328 329 - ajASSSSBC w. &$ 551 .!:S? us ,£;g ,eg 468 £ 8 SS Sfl* is ts tig sg # m a # m m Loans and investments including b i l l s . ' rediscount 3d with R. Bank: Loans secursa by U.S.war o b l i g a t i o n s 3 99,57 2 3 97,678 69,927 69,244 670,853 671,076 134,668 137,248 95,357 97 3 53 ^oans secured by stocks and bonds 1,134,291 1,123,224 327,911 334,531 2, l4g, S99 2,155,752 492,187 489 664 408,996 409*373 A.l c v ^ r .cans and investments 3,515.362 3.539.739 1,021.271 1.037.274 7.206.272 _7.251,324 2. 258,499 2.262.258 1.858. 9^6 1.866.544 iotax loans ana investments i n c l r d ' * '— '— ' ^ i n s r e d i s c o u n t s with F.R.Bank 5,^95,509 5, 528, 888 1,466, %0 1, 490, 293 . 10,745, 422 10, 828, 672 3,225,968 3,231,523 2, 658, 795 2, 671, 817 Reserve balance w i t h F. R, Bank 591,9^1 561,304 128,464 127,106 978,015 941,070 199,4o6 192,937 154,660 152,939 Cash i n v a u l t 110,402 116, 409 37,716 39,109 217,488 226,985 72,479 73,962 85,920 87,158 4,356,109 ^,399,615 905,160 909,917 7,565,313 7,621, l 4 i 1,719,534 1,707,165 Net denand deposits Time d e p o s i t s Government deposits B i l l s p a y a b l e w i t h F. R, Bank: Secured by IJ« S. war o b l i g a t i o n s All other B i l l s r e d i s counted w i t h F.R.Bank: Sc cur 3d by UVS* war o b l i g a t i o n s All other 305,116 310,181 300,S99 298,592 1,294,612 1,290,408 916,077 910,516 611,790 610,199 7,270 36,526 1,016 5,382 13,154 66,483 3,157 15,120 1,192 6,196 248, 621 265,205 22,687 25,3 82 396,243 418,494 l4o, 535 1,445 151,590 1,109 86,24o 1,010 89,686 960 128,353 487,805 408,739 9,694 210,537 986,4oo 208,649 918,156 29,494 178,940 31,980. 177,368 13,880 165,115 162,523 Ratio of IT* S* war s e c u r i t i e s and war loan p a p a r t o t o t a l l o a n s and i n v e s t m e n t s , i n eluding rediscounts with F.R.Bk.,per cent 14.7 1,552,6311,563,816 129,322 9,357 170,670 183,195 13,5H • 15.0 7-9 7-9 12.0 12.2 12-5 12.6 10.9 11.0
@FedFRASER