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STATEMENT EOE THEIPRE3S
Released for publication
st.1657.
Federal Reserve Board
Monday m o r n i n g , Dec. 20;
December I S , 1 9 2 0 .
not earlier,
CONDITION OF MEMBER BANKS IN LEADING CITIES
L i q u i d a t i o n of 49 m i l l i o n s i n l o a n s a n d i n v e s t m e n t s , a c c o m p a n i e d
b y a r e d u c t i o n of a b o u t 66 m i l l i o n s of b o r r o w i n g s f r o m F e d e r a l R e s erve Banks, i s 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
w e e k l y s t a t e m e n t of c o n d i t i o n on December 10 of 823 member b a n k s i n
leading c i t i e s .
H o l d i n g s of U n i t e d S t a t e s b o n d s a n d V i c t o r y n o t e s show an i n c r e a s e of 5 m i l l i o n s f o r t h e week, 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 oy 23 m i l l i o n s . As a g a i n s t a r e d u c t i o n of 4 m i l l i o n s i n
l o a n s s e c u r e d by Government war o b l i g a t i o n s , l o a n s s e c u r e d b y c o r p o r a t e s t o c k s a n d b o n d s show an i n c r e a s e of 14 m i l l i o n s , w h i l e o t h e r
l o a n s a n d i n v e s t m e n t s , composed l a r g e l y of c o m m e r c i a l l o a n s a n d d i s c o u n t s , d e c l i n e d by 4 l m i l l i o n s . As a c o n s e q u e n c e of t h e s e c h a n g e s , '
t h e b a n k s ' t o t a l l o a n s a n d i n v e s t m e n t s a r e shown 4g m i l l i o n s s m a l l e r
t h a n t h e week b e f o r e . For t h e member b a n k s i n New York C i t y t h e r e i s
shown a d e c l i n e of I S m i l l i o n s i n T r e a s u r y c e r t i f i c a t e s h e l d , a c c o m p a n i e d b y s m a l l 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 war
o b l i g a t i o n s a n d b y c o r p o r a t e s t o c k s a n d b o n d s , a n d an i n c r e a s e of 7
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 ,
Total l o a n s and investments
of t h e New York members show a r e d u c t i o n of 10 m i l l i o n s f o r t h e week.
Accommodation of a l l r e p o r t i n g b a n k s a t t h e F e d e r a l R e s e r v e
B a n k s , a s shown on t h e b o o k s o f t h e l a t t e r , shows a r e d u c t i o n f r o m
2 , 2 1 0 t o 2 , 1 4 4 m i l l i o n s , or f r o m 1 3 , 3 t o 1 2 . 9 p e r c e n t of t h e b a n k s '
t o t a l l o a n s a n d i n v e s t m e n t s . For t h e New York C i t y b a n k s a , d e c r e a s e i n a c c o m m o d a t i o n a t t h e l o c a l F e d e r a l R e s e r v e Bank f r o m 865
t o 823 m i l l i o n s i s shown, r e s u l t i n g i n a r e d u c t i o n of t h e r a t i o of
accommodation f r o m 15>7 t b 1 5 p e r c e n t .
Government d e p o s i t s show b u t a n o m i n a l d e c l i n e f o r t h e week,
w h i l e o t h e r demand d e p o s i t s a p p a r e n t l y i n a n t i c i p a t i o n of December
15 t a x p a y m e n t s i n c r e a s e d b y 28 m i l l i o n s , 2J m i l l i o n s of w h i c h
r e p r e s e n t s t h e i n c r e a s e f o r t h e New York C i t y m e m b e r s . Time d e p o s i t s d e c l i n e d by 13 m i l l i o n s , t h e d e c l i n e u n d e r t h i s h e a d i n New
York C i t y a l o n e b e i n g s l i g h t l y l a r g e r t h a n ' t h e a g g r e g a t e d e c l i n e .
R e s e r v e b a l a n c e s show a d e c r e a s e of- 2 m i l l i o n s f o r a l l r e p o r t i n g b a n k s a n d of 6 m i l l i o n s f o r t h e New York C i t y members, w h i l e c a s h
i n v a u l t shows a n o m i n a l i n c r e a s e f o r a l l r e p o r t i n g b a n k s a n d an
i n c r e a s e s l i g h t l y o v e r one m i l l i o n f o r t h e b a n k s i n New York C i t y .
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 r : , December 20, M 2 0 ; n o t e a r l i e r .
PRINCIPAL HESOURCE Mm LIABILITY I THIS OF REPORTING MTH-.-CBER BANKS III LEADING- CITIES
(-Amounts i n t h o u s a n d s o f d o l l a r s )
~~"
~~
"
D e c . 10, 1920 1 D e c . 3, 1920
Number of r e p o r t i n g b a n k s - - - - - - - - - - - - - - - - - - - - - - - - 823
823
St.1657a •
June 11,1920
813
Dec. 12,1919
796
U. S . b o n d s t o s e c u r e c i r c u l a t i o n - -
_ _ _ _ _ _ _ _
269,264
269,101
269 , 534
269,850
O t h e r U. S . bonds i n c l u d i n g L i b e r t y bonds -
_ _ _ _ _ _ _ _ _ _ _ _ _
617,205
613,933
6o4,602
628,728
197,569
196,279
202,98?
251,624
-
253 T 577
276.1U5
581.lgQ
792.722
_ _ _ _ _ _ _ _ _ _ _ _
1,337,615
1,355,^58
1,653,312
1,942,924
Loans a n a 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 h F.R.Banlc:
L o a n s 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 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 i n v e s t m e n t s - - - - - - - - - - - - - - - - - - - - - -
896,565
3,064,266
11.283.099
900,878
3,050,082
11.323.767
1,039,981
3,095,502
11,132,482
1,342,778
3,24Q,O62
9.708.296
T 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 b i l l s r e d i s c o u n t e d w i t h F . R . B a n k - - -
16,581,5^5
16, 6 3 0 , 1 8 5
16,926,277
l6,243,060
R e s e r v e b a l a n c e w i t h F . R. Bank - - - - - - - - - - - - - - - - - - - - - - -
1,330,26?
1,332,081
1,428,233
1,402,429
Cash i n v a u l t - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
376,196
375,887
373,541
393,558
10,865,582
10,837,478
11,597,508
11,404,289
2,809,474
2,822,240
2,670,708
2 , 2 8 3 , 673
17,298
17,503
52,021
255,962
630,403
3,9'19
623,018
2,455
8 6 4 , 3 S3
1,297
252,4l2
1,257,431
253,911
1,330,455
291,319
896,054
U . S- V i c t o r y n o t e s - - -
- -
- -
- -
- -
- -
U. 5 . 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
T o t a l U. S . s e c u r i t i e s
Net demand d e p o s i t s - - -
- -
- -
-t- - - -
- - - - - -
- -
- -
- -
-
- -
- -
-
- -
- -
- -
- - -
- -
- - -
- -
- - -
- -
- - -
- -
- - -
- -
- -
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 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. S . war o b l i g a t i o n s - - All other - - - - - - - - - - - - - - -
- - -
- - -
B i l l s . r s 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:
S e c u r e d by U. S. war o b l i g a t i o n s - - - - - - All other
--- - - - - - - - - - - - - - - - - - - - - - - - - - -
- -
- -
- -
- -
- -
- -
R a t i o of V. S . war s e c u r i t i e s and war l o a n p a p e r to t 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 w i t h F e d e r a l R e s e r v e Bank, p e r c e n t - - - - - - - - -
11.8
11-9
14.3
.
971,714
5,3^0
322,204
461,599
18.6
8 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 20, 1920; n o t e a r l i e r St.1657b.
PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OE BUSINESS DECEMBER 10, 1 9 2 0 .
.
( A m o u n t s ' i n t h o u s a n d s of d o l l a r s )
Federal Reserve D i s t r i c t
B o s t o n New York Phi l a - Cle v e l - Richnu A t l a n t a Chicago S t - L o u i s M i n n . Ivans.Cy* D a l l a s San F r a n Total
68
823
Number r e p o r t i n g b a n k s
4s
5
1
4
6
.
108
3
8
83
ll4
80
3
5
59
93
U. S . b o n d s t o s e c u r e
269,264
32,649
42,464 29,008
12,7H
21,548 16,221
circulation
46,791 11,347
l4,630
7,571 14,751 19,573
Other U , S . bonds i n c l u d i n g
65,482
617,205
250,746 30,538
56,201 14,030 10,005 23,523 22,761
L i b e r t y bonds
20,235
62,152 33,623
27,909
15,204
1,021
2,70b
3,156
197,569
5,203
IT- S. V i c t o r y n o t e s
87,498
20,165
6,728
36,451
4,125
5,843
9,469
T
J. S - C e r t i f i c a t e s o f
25.256
6.862
1.682
5.252
49.034
3.631
14.718
105.030 14.252
13.256
6.727
253,577
indebtedness
7,277
139,191 1,337,615
490,065 65,606
163,234 36,588 20,279 50,339 50,742
T o t a l U. S- s e c u r i t i e s
132,037 76,636
53,507
53 , 3 9 1
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 i s c o m t e d w i t h
F- R. Bank:
Loans s e c . t y U . S . w a r o b l i g .
4s,179
428,733
» Loans s e c . b y s t o c k s & bonds
1 9 3 , 8 9 0 l , 28b, i o 4
All o t h e r 1 oans&investments
798.563 3.996.104
Total loans & investments
including rediscounts
w i t h F . R. Bank
1,094,139 6,201,006
'75,203
201,499
566,711
69,335 28,530
332,317 115,690
966.070 3 84.932
30,548
93,35% 3 2 , 3 9 9 1 5 , 7 6 1 2 9 , 2 3 2 1 0 , 2 3 1
34,4oi
896,565
60,820
446,46l 127,530 35,135 78,226 38,598
147,996 3,064,266
3 9 9 . 9 7 4 1 . 7 3 7 . 9 2 5 3 8 1 . 9 9 3 2 8 7 . 9 8 6 5 0 1 . 3 55 2 5 3 . 9 0 2 1 , 0 0 7 . 584 1 1 . 2 8 3 . 0 9 9
909,019 1,505,759 605,847 544,733 2 , 4 4 0 , 9 7 4 578,510 3 5 9 , 1 6 1 659,752 353,473
1,329,172 16,581,545
Reserve balance w i t h F.B.Eank
79,633
624,911
67,900
100,159
35,752
32,372
179,675
4o,923
20,l63
43,760
23,999
81,020
1,330,267
Cash i n v a u l t
26,280
126,150
21,390
33,810
18,313
16,335
62,9l4
9,459
2,910
14,844
12,205
25,586
376,196
Net demand d e p o s i t s
774,810 4,859,728 674,531
927,626 335,696
239,511 1,309,830 309,110 198,106 395,757 214,555
626,-322 1 0 , 8 6 5 , 5 8 2
Time d e p o s i t s
158,53 5
431,152
32,728
3 ^ 7 , 4 6 9 108,193
152,088
58,108
529,487
2,809,474
1,346
7,559
1,151
2,479
4l2
104
1,832
64g
267
218
155
1,126
17,298
30,882
-
269,483
-
47,609
36,34i
36
30,348
400
33,383
937
84,135
850
21,950
-
6,186
767
19,595
1?5
17,582
-
32,909
744
630,403
3,919
B i l l s redisc^nrnted w i t h F.R.Bank:.
S e c . by U . S . w a r o b l i g a t i o n s
18, 120
A l l Other
74,977
127,383
491,728
3 7,890
10,254
38,500
3,421
36,028
9,998
67,784
18,287
241,127
9,119
53,o44
2,127
48,497
8,l4o
70,065
2,180
26,44i
5,493
83,747
252,412
1,257,431
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:
S e c - b y U . S . war o b i i g .
4
A l l Other
25,493
644,536 130,777
70,364 100,037
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