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Sr_ArrEMi£lTT FOR -THE PRESS Released for p u b l i c a t i o n F r i d a y a f t e r n o o n , Dec. 15; not e a r l i e r . St.3^30. F e a e r a l Reserve Board, December 14., 1922. CONDITION OF MEMBER BANKS IN LEADING CITIES. I n c r e a s e s i n l o a n s s e c u r e d by Government a n d c o r p o r a t e o b l i g a t i o n s , a g g r e g a t i n g $12,000,000 and $16,000,000 r e s p e c t i v e l y , as a g a i n s t n e t l i q u i n a t i o n of $ 4 , 0 0 0 , 0 0 0 of i n v e s t m e n t s , a r e shown i n t h e F e d e r a l R e s e r v e Board' 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 on December 6 of 784 member banics i n l e a d i n g cities. Only a n o m i n a l c h a n g e i s s h o r n i n a l l o t h e r , i . e . , 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 . Member b a n k s i n New York C i t y r e p o r t a r e d u c t i o n of $21*000,000 i n l o a n s a g a i n s t 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 a n i n c r e a s e of a b o u t $ 1 5 , 0 0 0 , 0 0 0 i n o t h e r l o a n s , a n d n e t l i q u i d a t i o n of $ 1 4 , 0 0 0 , 0 0 0 of i n v e s t m e n t s . , m a i n l y of U n i t e d S t a t e s b o n d s . Loans a n d i n v e s t m e n t 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 show a n i n c r e a s e of $ 2 4 , 0 0 0 , 0 0 0 , w h i l e t h o s e of t h e New York C i t y a ,.s show a d e c l i n e of a b o u t $ 2 0 , 0 0 0 , 0 0 0 f o r t h e week u n d e r r e v i e w . S u b s t a n t i a l w i t h d r a w a l s of b a n k b a l a n c e s f r o m t h e New York member b a n k s a c c o u n t f o r t h e r e d u c t i o n i n n e t demand d e p o s i t s , t h e New Yonc C i t y members r e p o r t i n g a d e c r e a s e of $ 9 0 , 0 0 0 , 0 0 0 tinder t h i s h e a d , a s a g a i n s t a d e c r e a s e of $ 8 4 , 0 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 . Government d e p o s i t s show a r e d u c t i o n f o r t h e week of $ 8 , 0 0 0 , 0 0 0 i Of which $ 3 , 0 0 0 , 0 0 0 a r e shown f o r t h e New York € i t y b a n k s , Time d e p o s i t s * on t h e o t h e r h a n d , show a g a i n f o r t n e week of <i>47,00 , , l a r g e l y o u t s i d e of New York C i t y , S i n c e December of l a s t y e a r t i m e d e p o s i t s o t h e r e p o r t i n g i n s t i t u t i o n s h a v e i n c r e a s e d b y o v e r $ 7 0 0 , 0 0 0 / 0 0 0 , o r 2 4 p e r cen % w h i l e demand d e p o s i t s h a v e i n c r e a s e d b y a b o u t $8Q0^Q00,000, o r 8 p e r c e n t on y . The New York C i t y members show f o r t h e same p e r i o d a n i n c r e a s e of $2bQP00,000 i n time d e p o s i t s a n d an i n c r e a s e of o n l y $ 8 2 , 0 0 0 , 0 0 0 i n aemand d e p o s i t s * The New York C i t y b a n k s r e p o r t a n i n c r e a s e of t h e i r b o r r o w i n g s a t t h e l o c a l r e s e r v e b a n k f r o m $ 8 1 , 0 0 0 , 0 0 0 t o $ 1 5 8 , 0 0 0 , 0 0 0 , T o t a l b o r r o w i n g s of t h e r e p o r t i n g b a n k s f r o m t h e r e s e r v e b a n k s went up f r o m $ 3 8 2 , 0 0 0 , 0 0 0 t o $450$000.,000, o r f r o m 2 , 4 t o 2 , 9 p e r c e n t of t h e b a n k s ' combined l o a n s and i n v e s t m e n t s . R e s e r v e b a l a n c e s show a n i n c r e a s e f o r t h e week of $ 3 o , 0 u 0 , 0 0 0 , w h i l e c a s h i n v a u l t , l a r g e l y F e d e r a l r e s e r v e n o t e s , i n c r e a s e d b y $ 2 2 , 0 0 0 , 0 0 0 * Member b a n k s i n New York C i t y r e p o r t a n i n c r e a s e of $ 2 4 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s and a nominal gain i n c a s h . 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 the 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 on December 6 , 1 9 2 2 , a s compared w i t h a week and a y e a r a g o : Loans and d i s c o u n t s - t o t a l - , , . S e c u r e d by U. S, G o v ' t o b l i g a t i o n s S e c u r e d by s t o c k s and bonds . . „ . All other , . . . . , Investments, t o t a l U, S, b o n d s 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 16 + 2 + 36 22 150 6 4- 4 8 84 47' + + 47 802 705 + 68 - 232 — i - 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 , 60? 475 4 1 ,093 4* 574 127 532 80 194 + . . . . . . + - 4 7 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 . , Increase or Decrease In m i l l i o n s of d o l l a r s since Dec \ 2 9 , 1922 4 ^ + 28 w- 198 + 12 R e l e a s e d f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , December 15, 1922; not e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING- MEMBER BANKS IN LEADING- CITIES. (Amounts i n t h o u s a n d s of d o l l a r s ) St.3230a. - - - - Dec. 6 , 1922 784 Nov. 29, 1922 784 J u n e 7 , 1922 798 - - - - - - - - - - 309,271 3,704,074 7,233,451 *297,401 *3,688,457 7,232,873 313,105 3,502,022 7,072,325 507,436 3,097,167 7,708,141 T o t a l l o a n s and d i s c o u n t s - - - - - - - - - - - - - - - - - - - - - - - 11,246,796 11,218,731 10,887,452 11,312,744 U. S. bonds - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,503,677 1,510,540 1,202,051 929,777 33,539 34,165 117,407 160,493 655,190 *653,766 426,942 123,353 95,132 *95,094 214,429 175,384 — 2,251,450 2,249,041 2,274,038 2,056,999 15,785,784 15,761,337 15,122,319 14,758,750 R e s e r v e b a l a n c e w i t h F. R. Bank - - - - - - - - - - - - - - - - - - - - - - 1,392,010 1,356,129 1,398,452 1,241,604 Cash i n v a u l t - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 308,777 11,010,180 286,463 282,193 315,174 11,094,036 11,015,520 10,208,340 3,694,727 3,647,977 3,305,627 2,989,967 162,592 170,637 288,259 115,391 270,877 650 204,014 661 51,985 212 225,270 1,242 2,719 176,197 l,64o 175,578 1,561 62,892 34,420 418,691 2.9 2.4 .8 4.6 Number of r e p o r t i n g banks - - - - L o a n s and d i s c o u n t s , i n c l u d i n g b i l l s 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 ( o t h e r 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. T r e a s u r y n o t e s - - - - - - - - - - - - - - r e d i s c o u n t e d w i t h F . R. Bank: - - - - - - - - - - - - - - t h a n U. S. s e c u r i t i e s ) - - - - - - — - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 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 - - - - - - - - - - - - - - - - - - - - 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 - — — —— — T o t a l l o a n s & d i s c o 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.R. Bank- Time 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: Secured by U. S. Govt, o b l i g a t i o n s - - - - - - - - - - - - - - - - - - B i l l s r e d i s c o u n t e d w i t h F e d e r a l R e s e r v e Bank: Secured by U. S. Govt, o b l i g a t i o n s - - - - - - - - - - - - - - - - - - All other - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 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. Bank t o t o t a l l o a n s and i n v e s t m e n t s , p e r c e n t - - - - - - - - - - - - - - *Revised f i g u r e s . Dec. 7 , 1921 808 R e l e a s e d f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , Dec. 1 5 , 1922; n o t e a r l i e r . .. r PRINCIPAL "RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS m C . b , 1922. (•Amounts i n t h o u s a n d s of d o l l a r s ) F e d e r a l Reserve D i s t r i c t B o s t o n New York P h i l a . Clove. R i c h . A t l a n t a Chicago S t , Louis Minn. Kans.Cy. D a l l a s San F r a n . T o t a l 46 Number of r e p o r t i n g b a n k s Loans a n d d i s c o u n t s , i n c l u d i n g b i l l s reaiscounted with F . R. B a n k ; 105 . 56 84 78 4i . 109 37 31 79 52 784 66 EBJrSHs IS W \ & 1:1 1:15:1 .i:S >,1:11:1 ill 1:1 ill I I t T o t a l l o a n s and d i s c o u n t s U, S . b o n d s c U. S . V i c t o r y n o t e s U. S , T r e a s u r y n o t e s U. S . C e r t i f i c a t e s of indebtedness ther bonds,stocks ani securities T o t a l l o a n s and d i s c o u n t s and n b S Stf^ i S R e s e r v e b a l a n c e w i t h F . R. Bk. 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 ^ S e c u r e d ^ y ^ y 1 S^Gov't" o b l i g ! All other B i l l s r e d i s c o u n t e d w i t h F. U S - - GOV " ° bUg 829,117 3,983,136 607,751 1,061,359 447,01b 401,520 1,591,017 444,847 249,653 449,243 271,278 910,559 11,246,796 103,824 607,510 63,833 177,920 65,643 28,198 139,812 52.669 27,293 63,688 35,391 137,896 1,503,677 6,185 33,539 956 219 1,737 4,728 2,833 491 1,517 2,087 898 11,140 748 20,974 415,104 25,849 33,500 3,744 3,615 82,964 12,639 10,029 14,544 7,705 24,523 655,190 4,013 3,202 7,458 29,172 3,545 4,493 7,105 4,788 4,556 12,136 3,185 170,174 748,730 181,894 292,283 56,352 36,897 418,413 88,008 27,109 59,820 9,053 95,132 162,717 2,251,450 i 1,129,543 5,777,756 883,260 1,571,162 576,448 479,205 2,266,106 6o4>54l 318,796 596,1)7 329,171 1,253.659 15,785,784 33,686 640,286 71,509 104,137 35,242 32,052 197,883 40,100 25,156 48,010 25,930 88,019 1,392,010 20,120 92,543 17,843 34,528 15,l6l 11,001 57,539 8,325 6,274 12,577 10,311 22,555 308,777 802,011 4,752,265 698,028 868,276^336,539 273,863 1,399,470 343,229 205,437 440,131 241,729 649,202 11,010,180 239,230 779,825 57,971 552,767 146,022 160,916 733,975 177,745 83,601 123,974 70,646 568,055 3,694,727 16,767 70,215 14,518 10,693 5,553 5,168 14,796 11,542 3,024 3,181 1,909 5,226 162,592 11,889 — 159,423 - 15,502 — 11,853 20 12,116 500 1,500 — 2 5,870 R. Bank: " 11,479 35,301 2 6>3 i^io i5.5Su.Sw.9ol aU.to 7,968 - 1,023 ~* - 8,008 __ - 0 9.850 3.031 9.617 2 _l60 *5,565 Q ca ? 710 ia.574 176:197 i&> 7°»|77 R e l e a s e d f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , December 15, 1922; not e a r l i e r . c. PRINCIPAL RESOURCE AND. LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OTHER ELECTED CITIES. (Amounts i n t h o u s a n d s of d o l l a r s ) • , ^ e, F. R. Other selected. c i t i e s Branch c i t i e s Bank c i t i e s C i t y of Chicago New York C i t y Dec. 6 Nov. 29 Nov. 29 Dec. 6 Dec. 6 Nov. 29 Dec. 6 Nov. 25i Dec. 6 Nov. 29 311 311 209 264 264 209 64 64 50 50 Number of r e p o r t i n g 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 r e d i s ' d w i t h F» R v Bank: 43,062 41,847 50,421 49,847 217,577 *203,918 108,030 35,611 33:299 Secured by U. S* Govt, o b i i g . 99,765 462,212 446,978 524,007 536,547 4 1 4 , 5 6 5 2 , 7 0 5 , 3 1 5 * 2 , 7 1 7 , 4 7 2 4 0 9 , 3 4 6 Secured by s t o c k s and bonds 1,475,390 1,495,796 620,377 4 , 4 2 5 , 3 9 9 4 , 4 2 9 , 0 7 9 1 , 4 8 0 , 8 5 8 1 , 4 7 0 , 4 8 2 1 , 3 2 7 , 1 9 4 1 , 3 3 3 , j l 2 617,108 1,927,013 1,920,100 A l l o t h e r l o a n s and d i s c o u n t s 3,510,433 3,515,661 1,062,065 l , 0 b S , 6 4 1 7,348,291 7,350,469 2,067,252 2,044,910 1,531,253 1,523,352 T o t a l l o a n s and d i s c o u n t s 298,621 299,552 352,066 351,159 852,059 860,760 527,264 55,910 56,099 U, S. bonds 515,972 U. S. V i c t o r y n o t e s U. S, T r e a s u r y n o t e s 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 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 T o t a l l o a n s and d i s c o u n t s and investments, including b i l l s r e d i s c o u n t ed w i t h F. R. Bank 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 9,869 10,974 4,113 3,588 19,493 20,620 9,712 8,639 4,334 4,906 397,105 392,904 59,137 59,279 532,126 530,478 75,386 *75,831 47,678 8,73s 9,366 17,917 17,741 49,833 50,203 31,239 *30,749 14,060 47,457 14,142 548,690 555,132 180,132 180,520 1 , 1 8 6 , 8 2 0 1,197,097 638,615 626,494 426,015 425,450 1,379,463 1,385,979 9 , 9 8 8 , 6 2 2 10,009,627 4,990,807 5,011,301 594,145 569,973 75,762 142,516 141,759 29,838 1,007,807 161,000 970,050 153,612 3 , 1 7 4 , 2 7 0 3,137>782 222,495 64,824 226,722 57,922 Net demand d e p o s i t s 77,373 4,256,352 4,346,563 32,055 964,528 990,967 7,581,599 7,680,078 1,800,235 1,807,605 Time d e p o s i t s ' 549,306 542,754 351,427 350,499 1,794,557 1 , 7 8 8 , 1 4 8 1,122,846 1,082,420 62,983 •66,293 5,250 8,532 120,421 126,662 21,763 141,195 69,330 5,550 3,645 190,557 120,950 — — 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. R. Bank: Secured by U. S. Govt, o b l i g a t i o n s All other B i l l s r e d i s c o u n t e d w i t h F. R- Bank: Secured by U- S. Govt. o b l i g a t i o n s All other 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- Bank t o t o t a l l o a n s and investments, p e r cent - - 16,420 408 11,496 3-2 1.6 - - 106 13,09S 1.4 - 28 7,408 1,866 104,517 .8 3-0 766 97,439 2,622,892 2,613,925 161,705 159,357 74,929 82,953 1,628,343 1,606,353 22,953 777,294 20,408 777,409 21,022 52,260 130 53,043 l4l 28,060 520 30,021 520 547 37,197 556 44,311 306 34,483 288 33,828 2.8 2.2 •Revised f i g u r e s . 3.1 2.4 2.5
@FedFRASER